RESPONSIBILITY STATEMENT This Product Highlights Sheet has been reviewed and approved by the directors or authorized committee or persons approved by the Board of Libra Invest Berhad and they collectively and individually accept full responsibility for the accuracy of the Having made all reasonable inquiries, they confirm to the best of their knowledge and belief, there are no false or misleading statements, or omission of other facts which would make any statement in the Product Highlight Sheet false or misleading. STATEMENT OF DISCLAIMER The Securities Commission Malaysia has authorised the issuance of Libra Dana Safa Fund and a copy of this Product Highlights Sheet has been lodged with the Securities Commission Malaysia. The authorisation of the Libra Dana Safa Fund and lodgement of this Product Highlights Sheet, should not be taken to indicate that the Securities Commission Malaysia recommends the Libra Dana SafaFund or assumes responsibility for the correctness of any statement made or opinion or report expressed in this Product Highlights Sheet. The Securities Commission Malaysia is not liable for any non-disclosure on the part of Libra Invest Berhad responsible for the Libra Dana Safa Fund and takes no responsibility for the contents of this Product Highlights Sheet. The Securities Commission Malaysia makes no representation on the accuracy or completeness of this Product Highlights Sheet, and expressly disclaims any liability whatsoever arising from, or in reliance upon, the whole or any part of its contents. This Product Highlights Sheet only highlights the key features and risks of this Libra Dana Safa Fund. Investors are advised to request, read and understand the disclosure documents before deciding to invest. LIBRA DANA SAFA FUND (LDS) BRIEF INFORMATION OF THE FUND LDS is an open-ended wholesale fund investing primarily in short term, high liquid, near cash, Islamic money market instruments and partially in sukuk. Product Category/ Type Wholesale Fixed Income / Income Capital Protected/ Guaranteed No Manager Libra Invest Berhad (361207-D) (A member of the ECM Libra Group) Trustee CIMB Islamic Trustee Berhad (167913-M) PRODUCT SUITABILITY LDS is suitable for investors who: seek regular income have low risk tolerance have short term investment horizon Further Information Refer to Investor s profile on page [6] of information on product suitability. Although UTMC seek to minimise risks by investing in a diversified portfolio, investors should be warned there are potential risks in investing in the Fund.
KEY PRODUCT FEATURES Inception Date 1 December 2009 Approved Fund Size 500 million units Initial Offer Price RM0.5000 per unit Maturity Date N/A Asset Allocation Asset Class Islamic Money Market instruments and sukuk Sukuk Cash/ Shariah-based deposits % of the Fund s NAV Up to 98% of the Fund s NAV Maximum 20% of the Fund s NAV Minimum 2% of the Fund s NAV s headed Detailed Information of the Fund on pages [6 & 12] of the IM for further The Fund seeks to provide Qualified Investors with a regular income stream and aims to maintain a high degree of liquidity through a direct investment portfolio investing primarily in short term, high quality Ringgit-denominated Islamic money market instruments and partially in sukuk. Investment Strategy The Fund aims to generate regular income that is comparable to returns from one-month Shariah-based deposits with licensed financial institutions by investing in Islamic money market instruments and partially in sukuk. The Fund seeks to preserve capital whilst providing hgh degree of liquidity by investing in Islamic money market instruments and sukuk with a minimum rating of A2/P2 by Rating Agency Malaysia (RAM) or the equivalent rating by any domestic or global credit rating agency. Should the ratings be downgraded below the stated minimum credit rating, the Fund Manager shall use their best efforts to dispose off the holdings, failing which, it shall be held to maturity. s headed Detailed Information of the Fund on page [12] of the IM for further The investment portfolio of the Fund comprises securities which have been classified as Shariah compliant by the Shariah Advisory Council of the Securities Commission and/or the Shariah Adviser. During adverse market conditions, or when the Fund Manager anticipates a downturn in market conditions, the Fund may hold significantly higher amount if liquid and defensive assets (including sukuk with different maturity dates) than that prescribed by their respective mandates. The Fund Manager would be expected to re-align the Fund with principal strategies when market conditions turn for the better. Parties Involved The Parties involve in LDS:- The Manager The Trustee The Custodian The Shariah Advisor The Principal Advisor / Banker The Auditor : Libra Invest Berhad (A member of ECM Libra Group) : CIMB Islamic Trustee Berhad : CIMB Group Nominees (Tempatan) Sdn Bhd : Islamic Banking and Finance Institute Malaysia Sdn Bhd : Malayan Banking Berhad : Standard Chartered Bank Malaysia Berhad : Ernst & Young s headed Corporate Directory on pages [3-5] of Possible outcomes of investment? There are many possible outcomes associated with an investment and all investments involve some degree of risk. Different classes of assets generally exhibit different levels of risk. It is important to note that it is not always possible to protect your investments against all risks, as events affecting investments cannot always be foreseen. When investing into the Fund, one should be prepared to accept some level of risk and should read and understand the contents of the Prospectus/ IM for information concerning certain risk factors before investing.
KEY RISKS KEY RISKS OF LDS You are exposed to:- Market risk Risk of Non-Compliance Fund Manager risk Returns Not Guaranteed Regulatory risk Interest rate risk Credit / Default risk Liquidity risk Inflation risk Reclassification of Shariah status risk headed Risk Factors on pages [9-10] of the IM for further The value of the Fund and its distributions (if any) may rise or fall. These risk factors may cause you to lose some or all of your investment. Past performance of the Fund is not indicative of future performance. If you are in doubt, you are advised to consult a professional adviser. FEES & CHARGES FEES AND CHARGES OF LDS Charges directly incurred by investor: Initial Sales Charge Redemption Charge headed Fees, Charges and Expenses of the Fund on page [15] of information Transfer Fee Others charges Fees indirectly incurred by investor: Annual Management Fee Annual Trustee Fee Other Expenses Up to 0.50% per annum of the Fund s NAV Up to 0.05% per annum of the Fund s NAV A list of the fund expenses directly related to the Fund are as follows: auditor fees and brokerage commission/fees; tax and duties imposed by the authorities; valuation fees; cost of modification of Deed save where such modification is for the benefit of the Manager and/or the Trustee; cost of convening meetings for Unit Holders other than those incurred by or for the benefit of the Manager or Trustee; and sub-custodian fees/ charges headed Fees, Charges and Expenses of the Fund on page [15] of information Note: The charges are negotiable.
VALUATIONS AND EXITING FROM INVESTMENT The valuation of LDS is referred on a Business Day as may be decided by the Manager and the indicative NAV per Unit of the Fund is published on the Manager s website at www.librainvest.com one (1) Business Day after the relevant Dealing Day. The valuation for Foreign Exchange markets may be extended to next Business Day (T+1). Investment can be liquidated at the head office, at our authorised distributors and/or at our Nationwide Investor Care & Service Centres after completing a Liquidation Form, accompanied by either a copy of the applicant s identity card, passport or other identification. headed Transaction Information on pages [18-19] and Nationwide Investor Care & Services Centres on page [38] of the IM for further Your liquidation price is determined as follows: Investors who submit the Liquidation Form on or before 3.30pm on a Dealing Day, the NAV of the Fund will be based on the close of that Dealing Day. Investors who submit the Liquidation Form after 3.30pm on a Dealing Day, the NAV of the Fund will be based on the next Dealing Day. Investors who cancel their investment after the initial offer period will fill in the Liquidation Form and units will be priced at NAV per Unit at the next valuation point and payment/proceeds will be made within ten (10) calendar days upon receipt of the duly completed original Liquidation Form. Below is the info to contact us and/or to lodge a complaint. CONTACT INFORMATION The Manager: Libra Invest Berhad (361207-D) (A member of the ECM Libra Group) Ground Floor, Bangunan ECM Libra 8, Jalan Damansara Endah Damansara Heights 50490 Kuala Lumpur General Line: 603-2089 1888 Investor Care Line: 60320891883 Fax: 603-20961020 / 603-2096 1662 Distributor: headed Additional Information on page [36] of the IM for further --------------------------------------------------------- e-mail: invest @ecmlibra.com www.librainvest.com 1. For internal dispute resolution, you may contact our Legal & Compliance department, Puan Azra- Banu Binti Masheerul Hassan, Manager, Legal & Compliance at 603-2089 1817. 2. Investors who are dissatisfied with the outcome of the internal dispute resolution process, refer your dispute to the Securities Industries Dispute Resolution Corporation (SIDREC): (a) Telephone : 03-2282 2280 (b) Fax : 03-2282 3855 (c) Email (d) Letter : info@sidrec.com.my : Securities Industry Dispute Resolution Center (SIDREC) Unit A-9-1, Level 9, Tower A Menara UOA Bangsar No.5, Jalan Bangsar Utama 1 59000 Kuala Lumpur 3. Investors can also direct their complaint to the Securities Commission (SC) even the initiated dispute resolution process with SIDREC. To make a complaint, please contact the SC s Investor Affairs & Complaints Department: (a) Telephone to Aduan Hotline : 03-6204 8999 (b) Fax : 03-6204 8991 (c) Email : aduan@seccom.com.my
(d) Online complaint form available at www.sc.com.my (e) Letter to : Investor Affairs & Complaints Department Securities Commission Malaysia No 3 Persiaran Bukit Kiara Bukit Kiara 50490 Kuala Lumpur APPENDIX: GLOSSARY Fund NAV Liquidation Wholesale Fund Qualified Investors UTMC IM SC Libra Dana Safa Fund Net Asset Value of a Fund is the value of all the assets of the Fund at a particular valuation point less the total liabilities of the Fund at the same valuation point. For the purpose of computing the annual management fee and annual trustee fee, the NAV of the Fund should be inclusive of the management fee and trustee fee at the relevant day. Redemption of Units by investors (repurchase of Units by the Management Company). A unit trust fund, the units of which are issued, offered for subscription or purchase, or for which invitations to subscribe for or purchase the units have been made, exclusively to Qualified Investors. An individual whose total net personal assets exceed RM3 million or its equivalent in foreign currencies; a corporation with total net assets exceeding RM10 million or its equivalent in foreign currencies based on the last audited accounts; a unit trust scheme or prescribed investment scheme; a company registered as a trust company under the Trust Companies Act 1949 which has discretion in the investment of trust assets of a trust with total net assets exceeding RM10 million or its equivalent in foreign currencies; a corporation that is a public company under the Companies Act 1965 or under the laws of any other country, which has been allowed by the SC to be a trustee for the purposes of the CMSA and has discretion in the investment of trust assets of a trust with total net assets exceeding RM10 million or its equivalent in foreign currencies; a pension fund approved by the Director General of Inland Revenue under section 150 of the Income Tax Act 1967; a holder of a Capital Markets Services Licence carrying on the business of dealing in securities; any other fund manager; a person who acquires securities pursuant to an offer, as principal, if the aggregate consideration for the acquisition is not less than RM250,000 or its equivalent in foreign currencies for each acquisition; a licensed institution; an Islamic bank; and an insurance company licensed under the Insurance Act 1996. Unit Trust Management Company Information Memorandum Securities Commission