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OSK-UOB
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OSK-UOB Energy Fund
OSK-UOB Energy Fund
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Making your money work for you
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Investment Objective
The Fund aims to achieve long term* capital appreciation through an investment that is linked to the global energy sector. |
Investment Policies and Strategies
The Fund seeks to achieve its investment objective by investing up to 100% of its Net Asset Value into Malaysian fixed income instruments and up to 10% of its Net Asset Value in a derivative instrument in the form of a swap agreement with a counterparty that offers exposure to the performance of a basket of underlying assets ("Underlying") that are linked to the global energy sector.
The Fund will have exposure to the performance of the following Underlying:
60% of JPMorgan Commodity Curve Index (JPMCCI) Energy Excess Return Index (index)
20% of Energy Select Sector SPDR Fund (exchange traded fund)
20% of Powershares WilderHill Clean Energy Portfolio (exchange traded fund)
which are linked to the global energy sector.
The index component of the Underlying is a US-based index that will provide investors with an exposure to global energy futures. Whereas, the remaining components of the Underlying are two US-based exchange traded funds that will give investors exposure to companies in the conventional energy sector and companies in the 'clean energy' sector.
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Asset Allocation:
90% to 100% of Net Asset Value - Investments in Malaysian bonds, money market instruments, cash and deposits with licensed financial institutions.
Up to 10% of Net Asset Value - Investments in a derivative instrument in the form of a swap agreement that will provide the Fund with exposure to the global energy sector. With this investment, the Fund can have a notional amount of up to 100% of its NAV exposed to the Underlying which are linked to the global energy sector. |
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Some basic fees:
| Fund Category / Type |
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Fixed Income Fund / Growth Fund |
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| Service Charge |
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Up to 5.0 % of investment amount |
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| Annual Management Fee |
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1.50% of Net Asset Value before deducting the Manager's and
Trustee's fees for that particular day. |
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| Annual Trustee Fee |
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0.08% of Net Asset Value before deducting the Manager's and
Trustee's fees for that particular day, subject to a minimum of
RM18,000 per annum. |
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| Investors Profiles |
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The Fund is suitable for investors who: |
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seek investment opportunities in the global
energy sector;
seek capital growth;
have a long term investment horizon; and
have an appetite for risk to gain higher returns. |
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| Distribution Policy |
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Consistent with the Fund's objective which aims to achieve long term
capital appreciation, distributions will therefore be of secondary importance. Distributions, if any, will be reinvested after deduction of taxation, if any, and expenses. |
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| Disclaimer
The Securities Commission has approved the issue of, offer for subscription or purchase, or issue an invitation to subscribe for or purchase Units of the unit trust fund and a copy of this Prospectus has been registered with the Securities Commission.
The approval, and registration of this Prospectus, should not be taken to indicate that the Securities Commission recommends the Fund or assumes responsibility for the correctness of any statement made or opinion or report expressed in this Prospectus.
The Securities Commission is not liable for any non-disclosure on the part of the Management Company responsible for the Fund and takes no responsibility for the contents in this Prospectus. The Securities Commission makes no representation on the accuracy or completeness of this Prospectus, and expressly disclaims any liability whatsoever arising from, or in reliance upon, the whole or any part of its contents. INVESTORS SHOULD RELY ON THEIR OWN EVALUATION TO ASSESS THE MERITS AND RISKS OF THE INVESTMENT. IN CONSIDERING THE INVESTMENT, INVESTORS WHO ARE IN DOUBT ON THE ACTION TO BE TAKEN SHOULD CONSULT PROFESSIONAL ADVISERS IMMEDIATELY.
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