CIMB Islamic Equity Aggressive Fund - 31 December

Transcription

1. 31 December 2016 CIMB Islamic Equity Aggressive Fund A S S E T MA N A GE ME N T Available under the EPF Members Investment Scheme . INVESTMENT VOLATILITY FUND OBJECTIVE 3-year Fund Volatlity To earn reasonable returns for investors by investing in approved equities listed on Bursa Malaysia as well as unlisted securities and other non - interest bearing assets acceptable under Shariah principles. 9.37 High FUND PERFORMANCE in MYR Lipper Analytcs 15 Dec 2016 250% 230% FUND INFORMATION 210% 190% Location Kuala Lumpur, Malaysia 170% Domicile Malaysia 150% Ringgit Malaysia 130% Fund Size (MYR) MYR 102.65 million 110% Fund Unit 134.68 million units 90% Fund Currency Fund Benchmark 70% Fund Launch 15 June 1995 50% Fund Inception (MYR) 15 June 1995 30% Application Fee IUTAs: 5.00% of the NAV per unit CWA: 5.00% of the NAV per unit 0.09% p.a. of the NAV Trustee Fee MYR 0.7621 Unit NAV (MYR) Mar-2016 Mar-2015 Mar-2014 Mar-2013 Mar-2012 Mar-2011 Mar-2010 Mar-2009 Mar-2008 Mar-2007 Mar-2006 Cumulative Performance (%) YTD 1 Month 1.50% p.a of the NAV Management Fee Mar-2005 - 50% Mar-2004 - 30% Mar-2003 Daily (as per Bursa Malaysia trading day) Mar-2002 FTSE Bursa Malaysia EMAS Shariah Index Dealing Mar-2001 Benchmark Mar-2000 10% - 10% Fund Benchmark -2.41 -6.14 3 Months 6 Months -3.51 -2.70 -1.55 -0.73 0.59 0.95 1 Year 3 Years 5 Years -2.41 -6.14 2.80 -7.95 Since Inception 37.06 16.64 184.12 142.90 Calendar Year Performance (%) Fund Benchmark 2015 2014 2013 2012 2011 2010 7.94 2.35 -2.40 -4.17 22.94 13.29 8.45 11.85 -0.19 2.41 22.29 18.20 Most Recent Fund Distributions Gross (Sen/Unit) Yield (%) 2016 Jan 2015 Jan 2014 Jan 2011 Dec 2007 Dec 2006 Dec 4.50 5.44 4.50 5.14 4.44 5.47 3.15 4.57 1.95 2.38 1.72 3.35 Note: June 1995 to December 2016. 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. CIMB-PRINCIPAL AWARDS AND ACCOLADES Currency MYR ISIN Code Bloomberg Ticker MYU1000AM002 BBMBDPI 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 December 2016, the Volatility Factor (VF) for this fund is 9.37 and is classified as "High" (source: Lipper). "High" includes funds with VF that are above 8.405 but not more than 10.775. 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. 9 dated 30 June 2016, 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 stock specific 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 December 2016 CIMB Islamic Equity Aggressive Fund A S S E T MA N A GE ME N T Available under the EPF Members Investment Scheme . FUND MANAGER'S REPORT PORTFOLIO ANALYSIS The Fund gained 0.59% in December 2016 , underperforming the benchmark by 0.36%. The underperformance in the month under review came from underweight holdings in the telecommunications and the oil and gas sectors. At the stock level, underperformance was due to underweight positions in Axiata and Sapura Kencana, and overweight position in Top Glove. On a year-to-date basis, the Fund has outperformed by 3.73%. ASSET ALLOCATION Shariah-compliant Equities (Local) 87.08% Cash 12.92% 100.00% Total In 2016, the FTSE Bursa Malaysia Shariah Index (FBMS) performed badly, losing 6.14%. In December, the FBMS rose 1.0% on mild year-end window-dressing activity. The bright spot was the stronger commodity prices which saw both West Texas Intermediate Crude (WTI) and crude palm oil (CPO) gaining 45% to close the year at USD53.72 and RM3,198.5, respectively. SECTOR BREAKDOWN We remain watchful going into 1Q2017 as: 1) markets will continue to be buffeted by political events coming from the US and Europe, e.g. Trumponomics and Brexit; 2) earnings downgrades have not troughed; 3) weak Ringgit and 4) weak Renminbi. The wildcard for Malaysia is an early general election in 2017 . Stock-picking is key and any dips from macro concerns are buying opportunities. We look to remain invested in government-linked companies (GLC) as we believe the GLC story will gain more momentum this year. We also continue to like construction. From a research perspective, we seek alpha in small capitalization companies. COUNTRY ALLOCATION Trading / Services 43.23% Malaysia 87.08% Industrials 15.75% Cash 12.92% Construction 9.01% Plantations 7.53% IPC 6.78% Consumer 2.26% Properties 1.52% Technology 0.60% Finance Cash Total 0.40% 12.92% 100.00% 100.00% Total TOP HOLDINGS RISK STATISTICS 1 Tenaga Nasional Bhd Malaysia 9.62% 2 Sime Darby Bhd Malaysia 8.18% 3 Petronas Gas Bhd Malaysia 4.44% 4 Petronas Chemicals Group Bhd Malaysia 4.36% 5 Gamuda Bhd Malaysia 4.00% 6 Top Glove Corp Bhd Malaysia 3.96% Beta 0.95 7 Pos Malaysia Bhd Malaysia 3.65% Information Ratio 1.04 8 Kuala Lumpur Kepong Bhd Malaysia 3.23% 9 Telekom Malaysia Bhd Malaysia 3.17% Malaysia 3.09% Sharpe Ratio -0.24 3 years monthly data 10 My Eg Services Bhd Total 47.70% Page 2 of 2