CIMB Islamic Equity Aggressive Fund Report - April 2017

Transcription

1. 30 April 2017 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. 9.07 High FUND PERFORMANCE in MYR Lipper Analytcs 15 Apr 2017 250% 230% FUND INFORMATION 210% 190% Location Kuala Lumpur, Malaysia 170% Domicile Malaysia 150% Ringgit Malaysia 130% Fund Size (MYR) MYR 101.02 million 110% Fund Unit 129.37 million units 90% Fund Currency Fund Benchmark 70% 15 June 1995 Fund Inception (MYR) 15 June 1995 Benchmark FTSE Bursa Malaysia EMAS Shariah Index Dealing Daily (as per Bursa Malaysia trading day) Application Fee IUTAs: 5.00% of the NAV per unit CWA: 5.00% of the NAV per unit 50% 30% 10% - 10% No v Au - 99 M g- 00 ay Ja - 01 n Oc - 02 tJu 02 M l- 03 a D r- 04 ec Se - 04 p Ju - 05 n Fe - 06 b No - 07 v Au - 07 g Ap - 08 r Ja - 09 n O - 10 ct Ju 10 M l- 11 a D r- 12 ec Se - 12 p M - 13 ay Fe - 14 b N - 15 ov Ju 15 l Ap - 16 r- 1 7 Fund Launch - 30% - 50% Cumulative Performance (%) YTD 1 Month 1.50% p.a of the NAV Management Fee 0.09% p.a. of the NAV Trustee Fee MYR 0.7808 Unit NAV (MYR) Fund Benchmark 8.80 7.97 3 Months 6 Months 7.34 6.09 4.52 4.75 2.78 1.26 1 Year 3 Years 5 Years 7.42 6.25 9.95 -1.83 Since Inception 44.46 21.00 209.13 136.26 Calendar Year Performance (%) Fund Benchmark 2016 2015 2014 2013 2012 2011 -2.41 -6.14 7.94 2.35 -2.40 -4.17 22.94 13.29 8.45 11.85 -0.19 2.41 Most Recent Fund Distributions Gross (Sen/Unit) Yield (%) 2017 Jan 2016 Jan 2015 Jan 2014 Jan 2011 Dec 2007 Dec 4.55 5.97 4.50 5.44 4.50 5.14 4.44 5.47 3.15 4.57 1.95 2.38 Note: June 1995 to April 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. 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 April 2017, the Volatility Factor (VF) for this fund is 9.07 and is classified as "High" (source: Lipper). "High" includes funds with VF that are above 8.015 but not more than 10.605. 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. 30 April 2017 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 2.78% in April 2017, outperforming the benchmark by 1.52%. The outperformance in the month under review came from overweight holdings in the Industrial sector and underweight holdings in the Oil & Gas sector. At the stock level, outperformance was due to overweight positions in Pos, Serba Dinamik and Mega First. Year-to-date, the Fund has outperformed the benchmark by 0.83%. ASSET ALLOCATION Shariah-compliant Equities (Local) 84.46% Cash 15.54% 100.00% Total The FTSE Bursa Malaysia Emas Shariah Index (FBMS) rose 1.3% in April, driven by inflows from foreign funds. The Ringgit (MYR) strengthened 1.9% from 4.425 to 4.341 during the month. In their second series of initiatives to develop the onshore financial market, Bank Negara Malaysia (BNM) is allowing all residents to participate in short-selling activities and registered non-bank entities to fully hedge their underlying assets with effect from 2 May 2017. Malaysia’s March headline inflation hit a high of 5.1% yoy, fuelled mainly by transport cost. The local market continues to be bullish, led by net foreign inflows from funds that remain underweight on Malaysia. For year-to-date April 2017, net foreign inflows amounted to RM8.3 billion, with RM2.6 billion inflows in April itself. We expect the upcoming 1Q17 results season to drive the market higher. SECTOR BREAKDOWN We continue to prefer cyclicals over defensives, maintaining exposure in oil and gas, tourism related-companies, Government-linked Companies restructuring plays and e-commerce companies. COUNTRY ALLOCATION Trading / Services 32.15% Malaysia 84.46% Industrials 13.75% Cash 15.54% Plantations 10.19% Finance 8.61% IPC 7.66% Construction 6.90% Properties 3.19% Consumer 1.39% Technology Cash Total 0.62% 15.54% 100.00% 100.00% Total TOP HOLDINGS RISK STATISTICS 1 Pos Malaysia Bhd Malaysia 6.20% 2 Tenaga Nasional Bhd Malaysia 6.02% 3 Sime Darby Bhd Malaysia 5.81% 4 Petronas Chemicals Group Bhd Malaysia 5.13% 5 Dialog Group Bhd Malaysia 3.60% 6 IOI Corp Bhd Malaysia 3.50% Beta 0.95 7 Lingkaran Trans Kota Hldg Bhd Malaysia 3.36% Information Ratio 1.05 8 Gamuda Bhd Malaysia 3.04% Sharpe Ratio 0.00 9 Time Dotcom Bhd Malaysia 2.85% Malaysia 2.78% 3 years monthly data 10 Telekom Malaysia Bhd Total 42.29% Page 2 of 2