AmASEAN Equity Fund Report - July 2017

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1. 3-year Fund Volatility AmASEAN Equity 7 .42 Moderate July 2017 Lipper Analytics 31 May 2017 AmASEAN Equity (the "Fund") seeks to provide capital growth over the Medium to Long Term by investing in Shariah Compliant equities and equity-related securities with exposure to the ASEAN markets. The Fund is suitable for investors who: • seeking to participate in an investment of the fast growing ASEAN economies; and • who are willing to take higher risks in anticipation of potentially higher returns over the Medium to Long Term Investment Strategy • 70% to 98% of the Fund's NAV will be invested in a diversified portfolio of equities and equityrelated securities which are Shariah Compliant, issued by companies listed in the ASEAN countries, and including securities listed in non-ASEAN countries but with their core business in the ASEAN markets. • Core business in this respect means the major business of the company, where majority of the company's revenue (at least 50%) is derived from the ASEAN country(ies) at the point of investment. Source: AmFunds Management Berhad Fund Details Fund Category / Type Fund Launch Date Offer Price at Launch NAV (30 Jun 2017) 1-year NAV High (30 Jun 2017) 1-year NAV Low (30 Jun 2017) Total Units (30 Jun 2017) Fund Size (30 Jun 2017) Annual Management Fee Annual Trustee Fee Entry Charge Exit Fee Redemption Payment Period Investment Manager Income Distribution Equity (Islamic) / Growth 06 June 2011 MYR 0.5000 MYR 0.5029 MYR 0.5220 (12 Aug 2016) MYR 0.4788 (14 Nov 2016) 9.26 million MYR 4.66 million Up to 1.80% p.a. of the NAV of the Fund Up to 0.08% p.a. of the NAV of the Fund, subject to a minimum fee of RM10,000 p.a. Up to 5.00% of the NAV per unit for cash sales Nil By the 10th day of receipt of a repurchase notice AmIslamic Funds Management Sdn Bhd Income distribution (if any) is incidental and will be reinvested Source: AmFunds Management Berhad Income Distribution History Payout (sen) FY 2016 FY 2015 FY 2014 - Total (sen) 3.00 3.00 3.50 Top Holdings* (as at 30 June 2017) Singapore Telecommunications Ltd PT Telekomunikasi Indonesia Tbk Sime Darby Berhad Time Dotcom Berhad Tenaga Nasional Berhad * 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 Sector Allocation* (as at 30 June 2017) Trading/services Telecommunication Services Money Market Deposit Technology Industrial Products Real Estate Materials Information Technology Infrastructure Project Companies Utilities Consumer Products Construction Consumer Staples Health Care Cash and others Industrials 22.68% 21.46% 10.78% 6.24% 5.92% 5.73% 5.16% 4.72% 3.94% 2.42% 2.40% 2.20% 2.09% 2.04% 1.69% 0.53% * 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 Country Allocation* (as at 30 June 2017) Malaysia Indonesia Cash and others Singapore Thailand Philippines 43.38% 18.38% 12.47% 12.18% 7.19% 6.40% * 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 3.00 3.00 3.50 Fund Performance (as at 30 June 2017) 40.00 Source: AmFunds Management Berhad 9.52% 9.09% 4.67% 3.94% 3.71% Cumulative performance over the period (%) 30.00 Manager's Commentary For the month of June, the fund registered a total return of 1.33%, against S&P Shariah Asean of 1.45%. 20.00 10.00 0.00 Relative to other ASEAN markets, the Fund is still positive but tactically downgrade the call to Neutral on Malaysia given that valuation has become more expensive. Meanwhile the Fund is also positive on Indonesia but cautiously optimistic on Singapore and Philippine’s markets. The Fund remains watchful on Thailand and would be looking for catalysts to upgrade from underweight to neutral. -10.00 -20.00 Jun-11 AmASEAN Equity S&P Shariah ASEAN Index Jun-17 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 June 2017) Source: AmIslamic Funds Management Sdn Bhd Fund (%) * Benchmark (%) 1m 6m 1 yr 3 yrs 5 yrs 1.33 2.53 0.94 14.43 24.86 1.45 5.68 9.01 11.88 26.36 *S&P Shariah ASEAN Index Source: *AmFunds Management Berhad, Verified by Novagni Calendar Year Return 2016 2015 2014 2013 2012 Fund (%) 0.77 7.32 13.63 -1.71 9.03 * Benchmark (%) 4.42 0.55 7.45 -0.32 13.33 *S&P Shariah ASEAN Index Source: AmFunds Management Berhad, Verified by Novagni
2. Disclaimer Based on the fund ’s portfolio returns as at 31 May 2017, the Volatility Factor (VF) for this fund is 7.42 and is classified as "Moderate" (Source: Lipper). "Moderate" Includes funds with VF that are higher than 5.965 and lower than 8.015 (source : Lipper). The 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. VF is subject to monthly revision and VC will be revised every six months. 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. The S&P Shariah ASEAN Index is a product of S&P Dow jones Indices LLC and/or its affiliates and has been licensed for use by AmInvest. Neither S&P Dow Jones Indices LLC, their affiliates nor their third party licensors make any representation or warranty, express or implied, as to the ability of any index to accurately represent the asset class or market sector that it purports to represent and neither S&P Dow Jones Indices LLC, their affiliates nor their third party licensors shall have any liability for any errors, omissions or interruptions of any index or the data included therein. The information contained in this material is general information only and does not take into account your individual objectives, financial situations or needs. You should seek your own financial advice from an appropriately licensed adviser before investing. You should be aware that investments in a unit trust fund carry risks. An outline of some of the risks is contained in the Master Prospectus dated 10 September 2016 which expires on 9 September 2017 & 1st Supplemental Master Prospectus dated 31 December 2016 (collectively referred to as the “Prospectus”). The specific risks associated with investment of the Fund are stock specific risk, currency risk, liquidity risk, shariah non-compliance risk and related party transaction risk as contained in the Prospectus. Unit prices and income distribution, if any, may rise or fall. Past performance of a fund is not indicative of future performance. Please consider the fees and charges involved before investing. Units will be issued upon receipt of completed application form accompanying the Prospectus and subject to terms and conditions therein. Where a distribution is declared, you are advised that following the distribution, the Net Asset Value (“NAV") per unit will be reduced from cum-distribution NAV to ex-distribution NAV. Where a unit split is declared, you are advised that following the issue of additional units, the NAV per unit will be reduced from pre-unit split NAV to post-unit split NAV.Kindly take note that the value of your investment in Malaysian ringgit will remain unchanged after the distribution of the additional units. You have the right to request for a copy of Product Highlights Sheet for the fund. You are advised to read and understand the contents of the Product Highlights Sheet and the Prospectus before making an investment decision. The Prospectus has been registered with the Securities Commission Malaysia, who takes no responsibility for its contents. You can obtain a copy of the Product Highlights Sheet and the Prospectus from any of our representative office and authorized distributor. AmFunds Management Berhad does not guarantee any returns on the investments. In the event of any dispute or ambiguity arising out of the other language translation in this leaflet, the English version shall prevail. Note:All fees, charges and expenses disclosed in this material are expressed on a Goods and Services Tax (“GST”)-exclusive basis. Accordingly, to the extent that services provided are subject to GST, the amount of GST payable on any related fees, charges and/or expenses will be payable by the unit holder(s) and/or the fund (as the case may be) in addition to the fees, charges and expenses disclosed in this material. Privacy Notice: AmFunds Management Berhad (Company Registration : 154432-A) issued its Privacy Notice as required by Personal Data Protection Act 2010, which details the use and processing of your personal information by AmFunds Management Berhad. The Privacy Notice can be accessed via www.aminvest.com and available at our head office. If you have any queries in relation to the Privacy Notice of AmFunds Management Berhad, please feel free to contact our Client Service Officers at Tel: +603 2032 2888 OR e-mail: enquiries@aminvest.com. Growing your investments in a changing world