CIMB Islamic Deposit Fund Report - July 2017

Transcription

1. 31 July 2017 CIMB Islamic Deposit Fund A S S E T MA N A GE ME N T INVESTMENT VOLATILITY FUND OBJECTIVE Aims to provide investors with liquidity and regular income , whilst maintaining capital stability by investing primarily in deposits that comply with the Shariah principles. 3-year Fund Volatlity 0.05 Very Low FUND PERFORMANCE in MYR Lipper Analytcs 15 Jul 2017 30% 28% 26% FUND INFORMATION 24% Location Kuala Lumpur, Malaysia Domicile Malaysia 22% 20% 18% Fund Currency Ringgit Malaysia 16% Fund Size (MYR) MYR 1.63 billion 14% Fund Unit 1.63 billion units 12% Fund Launch 9 September 2009 Fund Inception (MYR) 9 September 2009 Fund Benchmark 10% 8% 6% 4% 2% Dealing Islamic Interbank Overnight Rate Daily (as per Bursa Malaysia trading day) Nil Application Fee Management Fee 0.45% p.a. of the NAV Trustee Fee 0.04% p.a. of the NAV MYR 1.0000 Unit NAV (MYR) 0% No v M - 09 ar Ju 10 N o l- 10 v M - 10 ar Ju - 11 n O - 11 ct Fe - 11 b Ju - 12 n O - 12 ct Ja - 12 n M - 13 ay Se - 13 p Ja - 13 n M - 14 ay Au - 14 g D e - 14 c Ap - 14 Au r- 15 g D e - 15 c Ap - 15 rJu 16 N l- 16 ov M - 16 ar Ju 17 l- 1 7 Benchmark Cumulative Performance (%) YTD 1 Month Fund Benchmark 1.82 1.76 3 Months 6 Months 0.80 0.76 1.58 1.50 0.27 0.26 1 Year 3 Years 5 Years 3.07 3.02 9.54 9.72 Since Inception 15.45 16.40 22.60 25.40 Calendar Year Performance (%) Fund Benchmark 2016 2015 2014 2013 2012 2011 3.04 3.14 3.13 3.19 2.82 3.01 2.66 3.00 2.63 2.96 2.16 2.90 Most Recent Fund Distributions Sen/Unit Yield (%) 2017 Jul 2017 Jun 2017 May 2017 Apr 2017 Mar 2017 Feb 0.27 3.24 0.26 3.12 0.27 3.24 0.26 3.12 0.27 3.24 0.24 2.88 Note: September 2009 to July 2017. Performance data represents the combined income & capital return as a result of holding units in the fund for the specified length of time, based on bid to bid prices. Earnings are assumed to be reinvested. Source: Lipper CIMB-PRINCIPAL AWARDS AND ACCOLADES Currency MYR ISIN Code Bloomberg Ticker MY1000DF000 CIMBIDF MK CIMB-Principal Asset Management Berhad 10th Floor, Bangunan CIMB, Jalan Semantan Damansara Heights, 50490 Kuala Lumpur. Tel: (603) 2084 8888 Fax: (603) 2084 8899 Website: www.cimb-principal.com.my ^Based on the fund's portfolio returns as at 15 July 2017, the Volatility Factor (VF) for this fund is 0.05 and is classified as "Very Low" (source: Lipper). "Very Low" includes funds with VF that are below 1.870. 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. We recommend that you read and understand the contents of the Master Prospectus (Shariah-Compliant Funds) Issue No. 10 dated 30 June 2017, which has been duly registered with the Securities Commission Malaysia, before investing and that you keep the said Master Prospectus (Shariah-Compliant Funds) for your records. Any issue of units to which the Master Prospectus (Shariah-Compliant Funds) relates will only be made upon receipt of the completed application form referred to in and accompanying the Master Prospectus (Shariah-Compliant Funds), subject to the terms and conditions therein. Investments in the Fund are exposed to credit (default) and counterparty risk. You can obtain a copy of the Master Prospectus (Shariah-Compliant Funds) from the head office of CIMB-Principal Asset Management Berhad or from any of our approved distributors. Product Highlight Sheet ("PHS") is available and that investors have the right to request for a PHS; and the PHS and any other product disclosure document should be read and understood before making any investment decision. There are fees and charges involved in investing in the funds. We suggest that you consider these fees and charges carefully prior to making an investment. Unit prices and income distributions, if any, may fall or rise. Past performance is not reflective of future performance and income distributions are not guaranteed. You are also advised to read and understand the contents of the Financing for Investment in Unit Trust Risk Disclosure Statement before deciding to obtain financing to purchase units. Where a unit split/distribution is declared, you are advised that following the issue of additional units/distribution, the NAV per unit will be reduced from pre-unit split NAV/cum-distribution NAV to post-unit split NAV/ex-distribution NAV; and where a unit split is declared, the value of your investment in Malaysian ringgit will remain unchanged after the distribution of the additional units. Page 1 of 2
2. 31 July 2017 CIMB Islamic Deposit Fund A S S E T MA N A GE ME N T FUND MANAGER 'S REPORT PORTFOLIO ANALYSIS The Fund delivered 0.27% in the month of July 2017 versus the benchmark return of 0.26%. For the first 7 months of the year, the Fund posted 1.82% and outperformed the benchmark by 0.06%. ASSET ALLOCATION We limit our investment exposure to short term Islamic money market instruments due to the very low risk nature of the Fund. Money Market 99.05% Cash 0.95% 100.00% Total COUNTRY ALLOCATION Malaysia 99.05% Cash 0.95% 100.00% Total RISK STATISTICS Beta TOP HOLDINGS 0.66 1 Bank Muamalat Malaysia Malaysia A2 Malaysia AA2 17.94% 19.20% Information Ratio -0.55 2 RHB Islamic Bank Bhd Sharpe Ratio -4.10 3 Hong Leong Islamic Bank Bhd Malaysia AA1 13.92% 4 Bank Islam Malaysia Bhd Malaysia AA3 12.67% 5 Affin Islamic Bank Bhd Malaysia A2fg 11.64% 3 years monthly data Total 75.37% Page 2 of 2