AmPRS-Islamic Fixed Income Fund Class D Report - December 2020

Transcription

1. AmPRS-Islamic Fixed Income Fund Class D December 2020 AmPRS-Islamic Fixed Income (the "Fund") aims to provide short to medium term capital growth by investing primarily in Sukuk and Shariah-compliant money market instruments. The Fund is suitable for members who seek: • short to medium term capital growth on their Shariah-compliant investment; • a portfolio investing primarily in Sukuk and Shariah-compliant money market instruments; and • a long term retirement savings* plan Notes: * Please note that members' capital is neither guaranteed nor protected Any material changes to the investment objective of the Fund would require Members' approval. Investment Strategy • May invest its assets into a well-diversified portfolio comprising the following asset classes: - Sukuk and Shariah-compliant money market instruments; - Islamic Liquid Assets; - Shariah-compliant equities; and - Shariah-compliant real estate investment trusts ("REITs") • For AmPRS-Islamic Fixed Income Fund, the Shariah Compliant securities that the AmPRS-Islamic Fixed Income Fund invests in will be traded and/or listed in the following countries, which includes but not limited to Australia, Hong Kong, Malaysia, New Zealand, Singapore, South Korea, Taiwan and Thailand. For AmPRS-Islamic Fixed Income Fund, foreign investments (if any) will be limited to 20% of the Fund's NAV. • The Investment Manager may opt to invest in the Shariah-compliant securities either directly or via collective investment schemes of AFM or other CIS such as exchange-traded funds that comply with Shariah Principles. • The AmPRS-Islamic Fixed Income Fund may also use Shariah-compliant hedging instruments for the purpose of hedging (subject to PRS Guidelines) if it is deemed necessary to do so. Source: AmFunds Management Berhad Fund Details Fund Category / Type Fund Launch Date Offer Price at Launch NAV (30 Nov 2020) 1-year NAV High (30 Nov 2020) 1-year NAV Low (30 Nov 2020) Total Units (30 Nov 2020) Fund Size (30 Nov 2020) Annual Management Fee Annual Scheme Trustee Fee PPA Administrative Fee Sales Charge Redemption Charge Redemption Payment Period Investment Manager Income Distribution Fixed Income (Islamic) / Growth 25 November 2013 MYR 0.5000 MYR 0.4799 MYR 0.5651 (02 Dec 2019) MYR 0.4799 (30 Nov 2020) 0.10 million MYR 0.05 million Up to 1.50% p.a. of the NAV attributable to this Class of units of the Fund Up to 0.04% p.a. of the NAV of the Fund 0.04% p.a. of the NAV of the Fund, payable to the PPA Up to 3.00% of NAV per unit of the Class Nil Within ten (10) days after the PRS Provider received a complete withdrawal request from a Member. AmIslamic Funds Management Sdn Bhd Subject to availability of income, distribution (if any) is incidental Top Holdings (as at 30 November 2020) AmDynamic Sukuk AmBon Islam AmAl-Amin AmIslamic Fixed Income Conservative AmIslamic Balanced 20.72% 20.34% 20.15% 20.12% 5.56% Source: AmFunds Management Berhad Asset Allocation* (as at 30 November 2020) Local collective investment scheme Money market deposits and cash equivalents 86.89% 13.11% * As percentage of NAV. Please note that asset exposure for the Fund is subject to frequent change on a daily basis. Source: AmFunds Management Berhad Fund Performance (as at 30 November 2020) Cumulative performance over the period (%) 30.00 25.00 20.00 15.00 10.00 5.00 0.00 -5.00 -10.00 Nov-13 Nov-20 AmPRS-Islamic Fixed Income Fund Class D 1-year Malayan Banking Berhad General Investment Account Rate The value of units may go down as well as up. Past performance is not indicative of future performance. Source: AmFunds Management Berhad Performance Data (as at 30 November 2020) Fund (%) * Benchmark (%) 1m 6m 1 yr 3 yrs 5 yrs -2.60 -9.67 -15.23 -14.82 -6.94 0.16 1.03 2.53 9.83 17.89 *1-year Malayan Banking Berhad General Investment Account Rate Source Benchmark: *AmFunds Management Berhad Source Fund Return : Novagni Analytics and Advisory Sdn. Bhd. The Fund Performance is calculated based on NAV-to-NAV using Time Weighted Rate of Return (''TWRR'') method Source: AmFunds Management Berhad Calendar Year Return PRS Provider's Commentary (as at 30 November 2020) As year-end approaches, market activity is expected to be subdued with some profit taking expected by investors seeking to realise any gains by financial year end. Most investors will likely stay sidelined after another exceptional year for fixed income. For the coming year 2021, we maintain our constructive view on the fixed income market, anchored by the continued accommodative monetary policy due to downside risks to near term growth and subdued inflationary pressures amidst the on-going pandemic. Economic recovery is likely to be slow and long drawn as any vaccine will not be made widely available for a considerable period of time. As such, economic activities will continue to see restrictive controls remaining in place as countries attempt to control spreading of the virus. Concerns over impending supply risk would largely be mitigated by the steepness in yield curve which provide better risk-adjusted reward (for both yield pick-up and potential upside) as monetary policy direction is unlikely to reverse soon. Source: AmFunds Management Berhad Fund (%) *Benchmark (%) 2019 2018 2017 2016 2015 -0.85 -0.63 6.31 2.65 3.28 3.44 3.57 3.34 3.81 3.65 *1-year Malayan Banking Berhad General Investment Account Rate Source Benchmark: *AmFunds Management Berhad Source Fund Return : Novagni Analytics and Advisory Sdn. Bhd. The Fund Performance is calculated based on NAV-to-NAV using Time Weighted Rate of Return (''TWRR'') method
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