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Objective
The Fund seeks to provide investors with regular income distributions and medium to long-term capital appreciation during the investment period by investing in a single collective investment scheme that invest globally in real estate investment trusts (REITs), REITs type securities and real estate securities. |
| Fund Information | |
| Fund Category | Feeder Fund |
| Fund Type | Income |
| Launch Date | 19 April 2006 |
| Investment Objective | The Fund seeks to provide investors with regular income distributions and medium to long-term capital appreciation during the investment period by investing in a single collective investment scheme that invest globally in real estate investment trusts (REITs), REITs type securities and real estate securities. |
| Asset Allocation | 95.0% to 99.8% of the Fund’s NAV will be invested in a Singapore-based collective investment scheme, i.e. Singapore Dollar (S$) Class of DBS Global Property Securities Fund (GPSF) while maintaining a minimum of 0.2% of its NAV in liquid assets.
Where: GPSF invests 70% globally in REITs, REITs type securities listed or traded on a regulated market and 30% on the quoted securities of companies listed or traded on a regulated market which derive a substantial part of their revenue from the ownership, management and/or development of real estate primarily in the United States (US), Australia, the European Union (EU) and Asia. |
| Investment Strategy | The Fund may invest up to 99.8% of its NAV in the S$ Class of GPSF and the remaining in liquid assets. The Manager may take temporary defensive positions that may be inconsistent with the Fund’s principal strategy in attempting to response to adverse market conditions, economics, political or any other conditions. Another fund with similar objective will be substituted for GPSF if the latter no longer meet the proposed Fund’s investment objective, subject however, to the SC’s prior approval. |
| Investors' Profile | The Fund is suitable for investors who are seeking for regular income and potentially higher returns than fixed deposits, wishes to diversify to traditional equity investments with a risk profile of slightly higher than a bond fund but lower than a dividend focused equity fund and who have an investment horizon of at least 3 years. |
| Fees & Charges | |
| Sales Charge per unit | Maximum of 5.5% of the NAV per Unit |
| Annual Management Fee | Up to 1.75% per annum of the NAV of the Fund. |
| Trustee Fee / Custodian fee | 0.07% per annum (including local custodian fee but excluding foreign sub-custodian fee) of the NAV of the Fund, subject to a minimum of RM18,000 per annum. |
| Switching Fee | Two free switches per calendar year. For any subsequent switch within the same calendar year, a fee of 1% would be imposed on the amount switched. |
| Performance Fee and Hurdle Value | Not Applicable |
| Redemption Fee | Up to 1.00% of the NAV per Unit of the Fund should Units be redeemed within the first 6 months from the date of investment by the Unit Holder. However, no redemption fee will be charged during the cooling-off period. |
| Transaction Details | |
| Minimum Initial Investment | RM1000 |
| Minimum Units Held | 500 units |
| Minimum Additional Investment | RM100 |
| Cooling-off Period | For qualified investors, within 6 Business Days from the day the initial application of units is received by the Manager. |
| Period of Payment of
Redemption Proceeds |
Within 10 days from the day the redemption request is received by the Manager. |
- Past earnings or the fund’s distribution record is not a guarantee or reflection of the funds’ future earnings/future distribution.
- Unit prices and distributions payable, if any may go down as well as up.
- Prospective Unit Holders should read and understand the contents of the Prospectus and, if necessary, should consult their adviser(s).
- There are fees and charges involved and investors are advised to consider the fees and charges before investing in the fund.