Islamic High Yield Fund
Overview
Prices
Fees
A Shariah-compliant fund that aims to provide capital stability and optimal income returns.
In order to achieve its objectives, the fund will be using income generating securities within the constraints of the statutory investment restrictions for retirement savings.
The fund employs our investment process, with several filtering layers implemented over and above this. The underlying investments will comply with Shariah requirements as prescribed by the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI).
Who should invest?
The fund is suitable for investors invested in retirement annuities, preservation funds, pension funds, and provident funds. The portfolio will be a primary vehicle for investment by retirement funds that offer individual member choice. Furthermore, the fund is suitable for investors looking for a stable income portfolio with a low level of risk.
This fund is available as a tax-free investment option.
Overview
Prices
Fees
Overview
Prices
Fees
Minimum investment and fees (excl VAT)
- Lump sum: R5 000 and/or monthly debit order of R500
- Initial fee: 0.00%
- Financial adviser fee (maximum): 0.00%
- Ongoing advice fee (maximum): 0.50% per annum
- Management fee: 0.50%
The benchmark is the Short-term Fixed Interest Index (STeFI). Performance is annualised and based on a lump sum investment using Class A Net Asset Value (NAV) prices with income distributions reinvested. Performance figures are quoted after deduction of all costs incurred within the fund. The performance graph is for illustrative purposes only. Source: Morningstar
view Other Shariah funds
view Other Shariah funds
