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Affin Hwang Aiiman Balanced Fund Report - November 2020

IM Insights
By IM Insights
3 years ago
Affin Hwang Aiiman Balanced Fund Report - November 2020

Shariah, Sukuk, Sales


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  1. Affin Hwang Aiiman Balanced Fund The Fund aims to achieve reasonable returns in both income and capital growth over a medium to long term period by investing in a wide portfolio of authorised securities and other investments which complies with Shariah principles . Fund Category Islamic Balanced Performance Record as at 30 November 2020* Cumulative Returns Over The Period (%) Performance Table as at 30 November 2020* Total 1 Month 1 Year 3 Year Return(%) 1.0 29.6 24.7 Fund 2.0 9.4 5.4 Benchmark Fund Type Income and Growth Benchmark 60% FTSE Bursa Malaysia Emas Shariah Index + 40% 3-month GIA rate quoted by Maybank Indexed Performance (%) 310 270 Since Inception 165.7 50.8 Source: Lipper 230 Annualised Return(%) Fund Benchmark 190 150 110 1 Year 29.6 9.4 3 Year 7.6 1.8 5 Year 8.5 2.1 Since Inception 5.3 2.2 Year To Date 28.6 7.3 2019 3.8 3.7 2018 -8.1 -7.0 2017 15.2 7.8 Gross Distribution (sen) 6.44 3.90 6.10 6.02 2.14 1.06 0.67 2.22 1.75 0.50 0.50 1.75 1.80 Yield (%) 14.2 8.9 12.7 14.8 5.6 2.7 1.5 4.8 3.8 1.0 1.0 3.6 3.3 Source: Lipper Launch Date / IOP 11 November 2001 / RM0.50 70 Apr 07 AHABF Maturity Date N/A Financial Year End 31 March Initial Sales Charge Max 5.5% of the NAV per unit EPF Sales Max 3.0% of the NAV per unit Subscription Cash / EPF Annual Management Fee Up to 1.5% per annum Minimum Investment RM200 Minimum Subsequent Investment RM100 Aug 09 Nov 11 Feb 14 May 16 NAV Per Unit RM0.5984 Fixed Income Yield 5.6% April 2007 to November 2020 NAV-NAV prices and assuming reinvestment of distributions into the Fund, gross investment based in MYR. The value of Units may go down as well as up. Past performance is not indicative of future performance. Source: Lipper Top Holdings as at 30 November 2020* Sukuk Coupon Maturity Date Issuer MEX II Sdn Bhd 6.30% 29.04.33 Lebuhraya DUKE Fasa 3 5.95% 23.08.34 YTL Power International Bhd 5.05% 03.05.27 WCT Holdings Bhd 5.80% 27.09.49 WCT Holdings Bhd 4.95% 22.10.21 % 8.1% 4.0% 3.9% 3.6% 3.6% Equities UWC BHD FGV Holdings Bhd GHL Systems Bhd Axis REIT Frontken Corp Bhd % 4.0% 3.2% 3.1% 3.0% 2.7% Overall rating** Calendar Year Return(%) Fund Benchmark Source: Lipper Income Distribution History 2004 2006 2007 2008 2009 2010 2011 2013 2014 2017 2018 2019 2020 ¹ Distribution Policy : Incidental Sector Allocation as at 30 November 2020* 39.8% Industrials Consumer Goods Technology 11.9% 7.2% 7.1% Health Care 5.8% Others 5.4% Basic Materials Fixed Income Duration 5.9 years Nov 20 Benchmark Sukuk As at 30 November 2020* Fund Size RM28.2 million Aug 18 5.0% REITs 3.1% Real Estate 2.9% Insurance 2.3% Cash & Cash Equivalents 9.5% * The data provided above is that of the Fund and is a percentage of NAV 30 November 2020. All figures are subject to frequent changes on a daily basis. The total for sector allocation might not add up to 100% due to rounding. **The Morningstar Rating is an assessment of a Fund's past performance-based on both return and risk-which shows how similar investments compare with their competitors. A high rating alone is insufficient basis for an investment decision. 1 Where a distribution is declared, investors are advised that following the issue of additional Units/distribution, the NAV per Unit will be reduced from cum-distribution NAV to ex-distribution NAV. The yield of the distributions are calculated based on the total dividend payout/NAV at the start of the calendar year. Based on the Fund portfolio returns as at 31 October 2020, the VF for this Fund is 12.3 and is classified as Moderate (source : Lipper). Very Low includes Funds with VF that are not more than 3.635. Low includes Funds with VF that are above 3.635 but not more than 10.375. Moderate includes Funds with VF that are above 10.375 but not more than 13.940. High includes Funds with VF that are above 13.940 but not more than 16.910. Very High includes Funds with VF that are above 16.910. The Volatility Factor (VF) means there is a possibility for the Fund in generating an upside return or downside return around this VF. The Volatility Class (VC) is assigned by Lipper based on quintile ranks of VF for qualified funds. The Fund's portfolio may have changed since this date and there is no guarantee that the Fund will continue to have the same VF or VC in the future. Presently, only funds launched in the market for at least 36 months will display the VF and its VC. A copy of the Prospectus and Product Highlights Sheet ("PHS") can be obtained at Affin Hwang Asset Management's ("Affin Hwang AM") sales offices or at www.affinhwangam.com. Investors are advised to read and understand the contents of Prospectus and the corresponding PHS before investing. There are fees and charges involved when investing in the Fund. Investors are advised to consider and compare the fees and charges as well of the risks carefully before investing. Investors should make their own assessment of the risks involved in investing and should seek professional advice, where necessary. The price of units and distribution payable, if any, may go down as well as up and past performance of the fund should not be taken as indicative of its future performance. The Securities Commission Malaysia has not reviewed this marketing/promotional material and takes no responsibility for the contents of this marketing/promotional material and expressly disclaims all liability, however arising from this marketing/promotional material. 22 DECEMBER 2020 I FUNDamentals