Affin Hwang Aiiman Income Plus Fund Report - September 2021

Transcription

1. 3-years Fund Volatility 4 .6 Overall Rating Low Lipper analy tic s 31 Aug 21 MYR Class Affin Hwang Aiiman Income Plus Fund A local sukuk fund that looks to provide total returns over the medium to long term as well as regular income distributions. Fund Type Income Benchmark 12-month Maybank General Investment Account (GIA) rate Base Currency MYR Launch Date / IOP 28 June, 2004 / MYR0.50(MYR) Financial Year End 31 August Subscription Cash / EPF Initial Sales Charge Max 2.00% of the NAV per Unit EPF Sales Charge Max 3.00% of the NAV per Unit Annual Management Fee Max 1.00% per annum Minimum Investment / Minimum Subsequent Investment MYR1,000 / MYR100(MYR) As at 30 September, 2021* Fund Size / NAV Per Unit MYR2686.3million / MYR0.5900(MYR) Fixed Income Yield 3.9% Fixed Income Duration 6.7 years Performance Record as at 30 September 2021* Performance Table as at 30 September 2021* Cumulative Return Over The Period (%) 270 Indexed Performance (%) Fund Category Sukuk Since 1 Month 1 Year 3 Year Inception -0.6 -1.9 12.6 140.7 0.2 1.9 8.5 97.8 Total Return (%) Fund (MYR) Benchmark (MYR) 240 210 180 Since 1 Year 3 Year 5 Year Inception -1.9 4.0 3.8 5.2 1.9 2.8 3.0 4.0 Annualised Return (%) Fund (MYR) Benchmark (MYR) 150 120 90 Jul 04 Dec 08 AIPF Sep 12 Benchmark Sep 15 Sep 18 Sep 21 J une, 2004 to September, 2021 NAV-NAV pric es and as s uming reinv es tment of dis tributions into the Fund, gros s inv es tment bas ed in MYR. The v alue of Units may go down as well as up. Pas t performanc e is not indic ativ e of future performanc e. As at 15-Apr-10 the Benc hmark was replac ed by 12-month May bank General Inv es tment Ac c ount (GIA) rate. Sourc e: MorningStar Top Holdings as at 30 September 2021* Bonds Issuer GII GII YTL Power International Bhd GII GII Bank Pembangunan Malaysia Bhd GII GII GII GII Calendar Year Return (%) Fund (MYR) Benchmark (MYR) Year To Date -1.6 1.4 2020 5.0 2.4 2019 7.6 3.5 2018 4.8 3.6 Sourc e: MorningStar Income Distribution History Coupon 4.47% 4.94% 5.05% 4.37% 4.26% 4.95% 4.79% 3.42% 4.72% 4.12% Maturity Date 15.09.39 06.12.28 03.05.27 31.10.28 26.07.27 02.11.35 31.10.35 30.09.27 15.06.33 30.11.34 % 1.4 1.2 1.2 1.2 1.1 1.1 1.1 1.1 1.0 1.0 Gross Distribution (Sen) 2.25 1.90 1.50 1.90 1.93 1.92 2.00 1.70 1.85 1.15 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Yield (%) 4.1 3.5 2.8 3.5 3.5 3.4 3.6 2.9 3.1 2.0 Dis tribution Polic y : The fund will dis tribute inc ome s ubjec t to the av ailability of inc ome. Quarterly : MYR Sector Allocation as at 30 September 2021* Industrials Utilities Government Financial Services Banks Real Estate Consumer Staples Quasi-gov Consumer Discretionary Telecommunications Energy Health Care Cash & Cash Equivalents Credit Profile as at 30 September 2021* 22.9% 19.4% AAA 17.1% 15.0% 11.5% 6.1% AA 50.7% 5.0% C 3.6% 0.9% 2.4% 1.1% SOV 0.9% 16.2% 0.6% 0.6% Government Guaranteed 15.1% 10.9% The Credit Profile abov e are a perc entage of the Fund's fix ed inc ome portion only . * The data prov ided abov e is that of the Fund and is a perc entage of NAV as at 30 September 2021. All figures are s ubjec t to frequent c hanges on a daily bas is and the perc entages might not add up to 100% due to rounding. To inv es t in a Clas s other than MYR Clas s and/or MYR-Hedged Clas s , inv es tors are required to hav e a foreign c urrenc y ac c ount with any Financ ial Ins titution as all trans ac tions relating to the partic ular foreign c urrenc y will ONLY be made v ia telegraphic trans fer. The Mornings tar Rating is an as s es s ment of a Fund's pas t performanc e-bas ed on both return and ris k -whic h s hows how s imilar inv es tments c ompare with their c ompetitors . A high rating alone is ins uffic ient bas is for an inv es tment dec is ion. W here a dis tribution is dec lared, inv es tors are adv is ed that following the is s ue of additional Units /dis tribution, the NAV per Unit will be reduc ed from c um-dis tribution NAV to ex -dis tribution NAV. Bas ed on the Fund's portfolio returns as at 31 Augus t 2021, the Volatility Fac tor (VF) for this Fund is 4.6 for MYR Clas s (Low) (s ourc e: Lipper). Very Low inc ludes Funds with VF that are not more than 4.265. Low inc ludes Funds with VF that are abov e 4.265 but not more than 10.84. Moderate inc ludes Funds with VF that are abov e 10.84 but not more than 14.24. High inc ludes Funds with VF that are abov e 14.24 but not more than 17.285. Very High inc ludes Funds with VF that are abov e 17.285. The VF means there is a pos s ibility for the Fund in generating an ups ide return or downs ide return around this VF. The Volatility Clas s (VC) is as s igned by Lipper bas ed on quintile rank s of VF for qualified funds . The Fund's portfolio may hav e c hanged s inc e this date and there is no guaranteed that the Fund will c ontinue to hav e the s ame VF or VC in the future. Pres ently , only funds launc hed in the mark et for at leas t 36 months will dis play the VF and its VC. A c opy of the Pros pec tus and Produc t Highlights Sheet ("PHS") c an be obtained at Affin Hwang As s et Management's ("Affin Hwang AM") s ales offic es or at www.affinhwangam.c om. Inv es tors are adv is ed to read and unders tand the c ontents of Pros pec tus and the c orres ponding PHS before inv es ting. There are fees and c harges inv olv ed when inv es ting in the Fund. Inv es tors are adv is ed to c ons ider and c ompare the fees and c harges as well of the ris k s c arefully before inv es ting. Inv es tors s hould mak e their own as s es s ment of the ris k s inv olv ed in inv es ting and s hould s eek profes s ional adv ic e, where nec es s ary . The pric e of units and dis tribution pay able, if any , may go down as well as up and pas t performanc e of the fund s hould not be tak en as indic ativ e of its future performanc e. The Sec urities Commis s ion Malay s ia has not rev iewed this mark eting/promotional material and tak es no res pons ibility for the c ontents of this mark eting/promotional material and ex pres s ly dis c laims all liability , howev er aris ing from this mark eting/promotional material. #GrowWithUs 29 OCTOBER 2021 | FUNDamentals