Islamic Global Multi-Asset Fund

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General Information

The Islamic Global Multi-Asset Fund is part of the Principal Islamic Asset Management (Ireland) Plc range of Dublin-based Undertakings for Collective Investment in Transferable Securities (“UCITS”). All investments made by the Islamic Global Multi-Asset Fund will be in compliance with the Shariah Investment Guidelines. This UCITS Fund complies with the strict European regulatory standards that emphasize strong investor protection and robust risk management framework.

The Fund seek to provide a return through a combination of capital growth and income over the medium to long term by investing in a diversified portfolio of global Shariah-compliant instruments including equities and equity related securities, Shariah-compliant fixed income securities (Sukuk) and money market instruments. The Investment Manager will adopt a dynamic asset allocation strategy and has the flexibility to determine the allocation between these asset classes according to their views on prevailing market conditions. In implementing this dynamic asset allocation strategy, the Investment Manager will use (a) strategic asset allocation, and (b) tactical asset allocation, in selecting investments for the Fund.

Fund Details

Investment Manager

Principal Islamic Asset Management Sdn Bhd
Mohd Fadzil Mohamed
BSc (Hons), University of Aberystwyth
24 Years Industry Experience
Sub-Investment Advisers

Asset Allocation
Principal Global Investors, LLC
Principal Global Investors (Hong Kong) Ltd

Equity Sleeve Management
Principal Global Investors, LLC

Sukuk Sleeve Management
Principal Islamic Asset Management Sdn Bhd
Launch Date

23 March 2021.
Fund Domicile

Ireland
UCITS Qualifying

Yes
Reference Index

MSCI ACWI Islamic Index 
Dow Jones Islamic Market Index
Dow Jones Sukuk Total Return Index
Base Currency

USD
Minimum Investment
A Class R Class I Class
US$ 1,000 US$ 1,000

US$ 1,000,000
Pricing

Daily
Dealing

10am Dublin 
Income Distribution

(i) Accumulation Shares – Accumulated and reflected in the Net Asset Value
(ii) Income Shares – Annual distribution
Bloomberg Ticker
I Class Acc I Class Inc A Class Acc A Class Inc
PIIGMIA ID PIIGMIU ID PIIGMIU ID

PIIGMAU ID

 

Fund Codes

Fund/Class                          Sedol                    ISIN
USD I Class Accumulation Shares  BN6Q950 IE00BN6Q9502
USD I Class Income Shares BN6Q961 IE00BN6Q9619
USD A Class Accumulation Shares BN6Q8X1 IE00BN6Q8X17
USD A Class Income Shares                      BN6Q8Y2 IE00BN6Q8Y24

 

Fund Fees

Share Class Investment Management Fee (% of NAV per annum)
A Class 1.50%
B Class 1.50%
R Class 0.80%
I Class 1.00%

 

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