Affin Hwang Aiiman Select Income Fund Report - June 2021

Transcription

1. 3-years Fund Volatility 6 .0 Overall Rating Low Lipper analy tic s 31 May 21 MYR Class Affin Hwang Aiiman Select Income Fund An income and absolute return focused fund that aims to provide regular income stream through investment in Sukuk and Shariah-compliant equities. Fund Type Income Benchmark 70% 12-month Maybank General Investment Account (GIA) + 30% FTSE Bursa Malaysia EMAS Shariah Index Base Currency MYR Launch Date / IOP 01 March, 2013 / MYR0.50(MYR) Financial Year End 31 March Subscription Cash / EPF Initial Sales Charge Max 3.0% of the NAV per Unit EPF Sales Charge Max 3.0% of the NAV per Unit Annual Management Fee Max 1.20% per annum Repurchase Charge N/A Performance Fee N/A Minimum Investment / Minimum Subsequent Investment MYR1,000 / MYR100(MYR) As at 30 June, 2021* Fund Size / NAV Per Unit MYR55.9million / MYR0.5013(MYR) Fixed Income Yield 4.8% Fixed Income Duration 5.9 years Performance Record as at 30 June 2021* Performance Table as at 30 June 2021* Cumulative Return Over The Period (%) Since 1 Month 1 Year 3 Year Inception 0.0 6.2 13.6 41.5 -1.3 1.9 6.8 25.0 Total Return (%) Fund (MYR) Benchmark (MYR) 150 140 Indexed Performance (%) Fund Category Mixed Asset (conservative) 130 Since 1 Year 3 Year 5 Year Inception 6.2 4.3 4.2 4.3 1.9 2.2 2.4 2.7 Annualised Return (%) Fund (MYR) Benchmark (MYR) 120 110 Calendar Year Return (%) Fund (MYR) Benchmark (MYR) 100 90 Mar 13 Nov 14 Jul 16 ASI Mar 18 Nov 19 Jun 21 Year To Date -0.1 -1.6 2020 5.2 5.1 2019 7.3 3.6 2018 -2.1 -1.7 Sourc e: Lipper Benchmark Marc h, 2013 to J une, 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. Sourc e: Lipper Top Holdings as at 30 June 2021* Income Distribution History Sukuk Issuer Lebuhraya Duke Fasa 3 Sdn Bhd Wct Holdings Bhd Westports Malaysia Sdn Bhd Ytl Power International Bhd Tadau Energy Sdn Bhd Coupon 5.95% 5.80% 4.53% 5.05% 5.20% Maturity Date 23.08.34 27.09.49 01.04.27 03.05.27 27.07.23 Sector Allocation as at 30 June 2021* Credit Profile as at 30 June 2021* 6.1% Industrials 17.9% Utilities 14.2% Financial Services 9.6% 9.3% Technology Real Estate 7.6% 4.1% 2.9% 3.3% 2.8% Equity AA 68.3% A 11.4% C 3.5% SOV 3.0% 7.3% Others Cash & Cash Equivalents 7.6% 4.6% Telecommunications Banks AAA 8.6% Consumer Discretionary Energy Yield (%) 4.8 4.9 5.0 4.8 5.1 5.0 4.0 1.8 2014 2015 2016 2017 2018 % 2019 2.4 2020 2.1 2021 2.0 Dis tribution Polic y : The fund will dis tribute inc ome s ubjec t to the av ailability of inc ome. 1.9 Semi-annually : MYR 1.8 Equities V.s. Industry Bhd Taiwan Semiconductor Manufac Samsung Electronics Co Ltd Telekom Malaysia Bhd Telkom Indonesia Persero Tbkpt Financials Gross Distribution (Sen) 2.50 2.50 2.50 2.50 2.50 2.50 2.00 0.90 % 3.8 3.6 2.9 2.8 2.8 Others 1.7% Fixed Income 6.1% Cash & Cash Equivalents 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 J une 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 May 2021, the Volatility Fac tor (VF) for this Fund is 6.0 for MYR Clas s (Low) (s ourc e: Lipper). Very Low inc ludes Funds with VF that are not more than 3.645. Low inc ludes Funds with VF that are abov e 3.645 but not more than 10.755. Moderate inc ludes Funds with VF that are abov e 10.755 but not more than 14.31. High inc ludes Funds with VF that are abov e 14.31 but not more than 17.19. Very High inc ludes Funds with VF that are abov e 17.19. 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 26 JULY 2021 | FUNDamentals