Fund Overview

MyETF MSCI SEA Islamic Dividend (MyETF-MSEAD)

Fund Objective

The Fund's objective is to closely correspond to the performance of the Benchmark Index, regardless of its performance. The Fund Manager attempts to achieve an absolute value of tracking error of less than 3% between the net asset value (NAV) of the Fund and the Benchmark Index. Ordinary brokerage commissions may apply.

Benchmark Index

The MSCI AC ASEAN IMI Islamic High Dividend Yield 10/40 Index ("Benchmark Index") is a free-float adjusted market capitalization weighted and price return index designed to measure the equity market performance of countries in South East Asia* as defined by MSCI. The Benchmark Index shall comprise up to 30 Shariah-compliant companies listed in the stock exchanges in South East Asia* countries with dividend yields that are at least 30% higher than the MSCI AC ASEAN IMI Islamic Index ("Parent Index") yield, that are deemed both sustainable and persistent by MSCI. The 10/40 capping strategy reflects the 10% and 40% concentration constraints on index constituents subject to the UCITS III Directive.

The weight of any single group or entity in the Benchmark Index is capped at 10% of a fund’s total assets and the sum of the weights of all groups or entities representing more than 5% of the fund is capped at 40% of the fund’s total assets.

The Parent Index and Benchmark Index consist only of Shariah-compliant securities which are approved by the MSCI Shariah Supervisory Committee based on the MSCI Islamic Index Series Methodology. The MSCI Shariah Supervisory Committee will review and audit the Benchmark Index, the Parent Index as well as the MSCI Islamic Index Series Methodology on a regular basis to ensure compliance with Shariah.

*The countries include Indonesia, Malaysia, the Philippines, Singapore, and Thailand. The constituent securities of the Benchmark Index are listed on Indonesia Stock Exchange, Bursa Securities, The Philippine Stock Exchange Inc, Singapore Exchange and The Stock Exchange of Thailand.

MSCI INDICES

Fund Information
Asset Class Shariah-Compliant Equity
Benchmark Index MSCI South East Asia IMI High Dividend Yield 10/40
Launch Date 8 April 2015
Listing Date 7 May 2015
Base Currency Ringgit Malaysia (MYR)
Manager i-VCAP Management Sdn. Bhd
Income Distribution Annual Distribution*
Creation/Redemption (unit block) 1,000,000 units (or whole multiples thereof)

*Subject to the discretion of the Manager.
 

Trading Information
Exchange Bursa Securities
ISIN MYL0825EA009
Stock Short Name METFSID
Bursa Securities Code 0825EA
Bloomberg Ticker - Fund MEMSID MK Equity
Bloomberg Ticker – Benchmark Index MIISOD40 Index
Fees Information
Annual fees (chargeable to Fund):  
i. Management Fee 0.650%
ii. Trustee Fee 0.045%
iii. License Fee Total Annual Fees 0.060%
Total Annual Fees 0.755%*
Transaction Charges (chargeable to Investor):  
Trading charges Brokerage rate and other incidental charges
*Subject to other fees and/or expenses incurred by the Fund.