Investment Objective

The Fund seeks to provide annual income distribution that are uncapped over the tenure of the fund with capital protected at the end of the maturity.

Investment Policies and Strategies

Invest principally in 3-years Zero-coupon Negotiable Instruments of Deposits issued at a discount and the remaining into an option issued by Citi. The option is linked to a basket of 4 commodities, (Aluminium, Copper, Soyabean and Wheat), equally weighted.

The annual payout is linked to the worst performing underlying commodity, with the following pay-off structure.

Year 1 Coupon: Max [0%, (18% + returns of worst performer)/4 * Forex Conversion]
Year 2 Coupon: Max [Year 1 Coupon, (18% + returns of worst performer)/4 * Forex Conversion]
Year 3 Coupon: Max [Year 2 Coupon, (18% + returns of worst performer)/4 * Forex Conversion]

Annual distribution payment is subject to a minimum of 0%.

There will be distribution payment as long as the worst performer does not perform less than -18%.

Additional lock-in features ensures that distribution in year 2 and 3 are floored at previous years' distribution.

Asset Allocation:

• At Least 85% of the Fund's NAV in Zero-coupon Negotiable Instruments of Deposit


• Up to 10% of the Fund's NAV in option


• Up to 5% of the Fund's NAV in cash or cash equivalent

Some basic fees:

Fund Category / Type	-	Capital Protected Fund
Service Charge	-	Up to 3.50% of the NAV of the Fund
Annual Management Fee	-	Nil
Annual Trustee Fee	-	Up to 0.08% p.a (min. RM18,000p.a) of NAV
Investors' Profile	-	Who should invest?
		Investors who are bullish about the commodities market   Investors who have low risk profile   Investors who want to protect their capital
Exit Fee	-	1st year - 1.50%   2nd year - 1.00%   3rd year - 0.50%   Maturity - Nil