CIMB Islamic Equity Aggressive Fund Report - March 2017

Transcription

1. 31 March 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. 9.02 High FUND PERFORMANCE in MYR Lipper Analytcs 15 Mar 2017 250% 230% FUND INFORMATION 210% 190% Location Kuala Lumpur, Malaysia 170% Domicile Malaysia 150% Ringgit Malaysia 130% MYR 98.26 million 110% 129.32 million units 90% Fund Currency Fund Size (MYR) Fund Unit 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 0.7598 Unit NAV (MYR) Mar-2017 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 5.86 6.63 3 Months 6 Months 5.86 6.63 2.15 3.75 3.01 3.42 1 Year 3 Years 5 Years 4.05 2.50 7.83 -2.55 Since Inception 38.78 18.45 200.78 142.60 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 March 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 March 2017, the Volatility Factor (VF) for this fund is 9.02 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. 31 March 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 3.01% in March 2017 , underperforming the benchmark by 0.41%. The underperformance in the month under review came from underweight holdings in the Telecommunication and Technology sector. At the stock level, underperformance was due to underweight positions in Axiata and Iskandar Waterfront City, and overweight position in Serba Dinamik. Year-to-date, the Fund is underperforming the benchmark by 0.77%. ASSET ALLOCATION Shariah-compliant Equities (Local) 94.34% Cash 5.66% 100.00% Total The FTSE Bursa Malaysia Emas Shariah Index (FBMS) rallied 3.42% in March, driven by net foreign inflows of RM4.4bn. For 1Q17, net foreign inflows amounted to RM5.7bn. Government-linked Companies (GLC ) restructuring remains a key investment theme. Going forward, we expect the local market to continue to be supported by foreign inflows from funds that remain very underweight on Malaysia. The trend remains bullish with local selling remaining well absorbed by foreign buying. We anticipate corporate earnings upgrades to continue to drive the market higher. SECTOR BREAKDOWN COUNTRY ALLOCATION We continue to overweight cyclical sectors like oil and gas, consumer discretionary and tourism-related companies. GLC restructuring and e-commerce companies remain core holdings in our portfolios. Trading / Services 37.06% Malaysia Industrials 15.31% Cash Plantations 10.17% Construction 9.49% Finance 8.23% IPC 7.13% Consumer 3.38% Properties 3.37% Technology 0.20% Cash 5.66% Total 100.00% 94.34% 5.66% 100.00% Total TOP HOLDINGS RISK STATISTICS 1 Sime Darby Bhd Malaysia 5.95% 2 Pos Malaysia Bhd Malaysia 5.34% 3 Tenaga Nasional Bhd Malaysia 5.02% 4 Petronas Chemicals Group Bhd Malaysia 4.10% 5 Gamuda Bhd Malaysia 4.08% 6 Lingkaran Trans Kota Hldg Bhd Malaysia 3.52% Beta 0.95 7 Telekom Malaysia Bhd Malaysia 3.12% Information Ratio 0.95 8 My Eg Services Bhd Malaysia 2.97% 9 Felda Global Ventures Holdings Malaysia 2.92% Malaysia 2.83% Sharpe Ratio -0.07 3 years monthly data 10 BIMB Hldg Bhd Total 39.85% Page 2 of 2