Dana Al-Ilham Fund Report - July 2019

Transcription

1. DANA AL-ILHAM JULY 2019 3-year Fund Volatility 6 .1 Low Lipper Analytics 10-Jun-2019 ALL DATA AS AT 30 JUNE 2019 UNLESS OTHERWISE STATED FUND INFORMATION FUND OBJECTIVE Launch Date: 14 August 2002 The Fund seeks to provide investors with high capital appreciation from Shariah-compliant investments which have the potential of substantial value appreciation. . Fund Category/Fund Type: Shariah equity/growth . . Fund Size: RM516,342,764.12 ASSET ALLOCATION . Initial Offer Price: RM0.5000 1. 2. 3. 4. 5. 6. 7. . NAV per Unit: RM0.6626 . EPF Investment Scheme: Yes . FEES, CHARGES AND EXPENSES Annual Management Fee: Up to 1.50% of the NAV per annum . Annual Trustee Fee: Up to 0.07% of the NAV per annum subject to a minimum of RM18,000 per annum . Oil and Gas Health Care Consumer Power / Utilities Banking & Finance Technology Cash & cash equivalents 14.13% 9.08% 9.01% 8.95% 8.42% 7.44% 7.04% 8. 9. 10. 11. 12. 13. 14. Telecommunication Conglomerate Property Plantation / Natural Resources Automotive Manufacturing Construction 6.58% 6.58% 5.93% 5.56% 5.24% 3.98% 2.06% * as percentage of NAV. TOP HOLDINGS 1. 2. 3. Tenaga Nasional Berhad Nestle (Malaysia) Berhad Syarikat Takaful Malaysia Berhad Sales Charge: Up to 5.26% of the NAV per Unit * as percentage of NAV. Redemption charge: Nil FUND PERFORMANCE 8.95% 6.47% 4.47% 4. 5. Petronas Chemicals Group Berhad Dialog Group Berhad 4.38% 4.23% . . Eastspring Investments Dana al-Ilham - Since Inception (SI) Return Vs Benchmark Redemption Payment Period: Ten (10) calendar days . Minimum Initial Investment: Lump Sum: RM1000* Regular Investment: RM100* . Minimum Additional Investment: Lump Sum & Regular Investment: RM100* SI % Change TRANSACTION DETAILS . * The Manager reserves the right to change the minimum amounts stipulated above from time to time . Date DISTRIBUTIONS Eastspring Investments Dana al-Ilham Income Distribution Policy: Incidental . Benchmark The performance is calculated on NAV-to-NAV basis with gross income or dividend reinvested Source: Lipper for Investment Management. Past performance is not necessarily indicative of future performance. Fund NAV: 52-Week High 52-Week Low NAV 0.7148 0.6284 Date 10-08-2018 24-05-2019 PERFORMANCE TABLE 1 month 6 months 1 year 3 years 5 years Since Inception FUND MANAGER Fund 2.67% 6.70% 2.63% 10.91% 13.33% 438.75% Fund Manager: Manager's Delegate (External Investment Manager) - Eastspring Al-Wara’ Investments Berhad Benchmark * 2.86% 5.46% 0.33% 0.25% -9.37% 138.32% 30 of 55 31 of 55 20 of 54 7 of 50 3 of 48 n.a. Lipper Ranking . Lipper Fund Category: Equity Malaysia - Islamic . AWARDS / RATINGS Lipper Fund Awards from Refinitiv 2019 Best Equity Malaysia - Malaysia Islamic 10 years; Best Equity Malaysia - Malaysia Pension 10 years. From Lipper Fund Awards from Refinitiv, ©2019 Refinitiv. All rights reserved. Used under license. * Financial Times Stock Exchange Bursa Malaysia Emas Shariah Index (FBMS) Fund performance and Lipper ranking are sourced from Lipper for Investment Management and the benchmark is from www.bursamalaysia.com, 30 June 2019. Performance is calculated on a Net Asset Value ("NAV") to NAV basis with gross income or dividend reinvested. Past performance is not necessarily indicative of future performance. . LIPPER LEADERS RATING (OVERALL) Total Return Consistent Return Preservation 4 4 5 Lipper Leaders Key Lowest Highest 1 5 The Lipper Leaders Ratings System is a set of tools that guide investors and their advisors to select funds that suit individual investment styles and goals. It uses investors-centred criteria to deliver a simple, clear description of a fund's success in meeting certain goals, such as preserving capital or building wealth through consistent strong returns. Eastspring Investments Berhad (531241-U) Level 22, Menara Prudential, Persiaran TRX Barat, 55188 Tun Razak Exchange, Kuala Lumpur Tel: 603 - 2778 3888 E-mail: cs.my@eastspring.com Web: www.eastspring.com/my Lipper Leader ratings are derived from highly sophisticated formulas that analyse funds against clearly defined criteria. Each fund is ranked against its peers based on the metric used ( such as Total Return or Expense), and then the top 20% of funds in that ranking receive the Lipper Leader designation. Lipper Leaders measures are not predictive of future performance, but they do provide context and perspective for making knowledgeable fund investment decisions.
2. DANA AL-ILHAM JULY 2019 ALL DATA AS AT 30 JUNE 2019 UNLESS OTHERWISE STATED FUND MANAGER ’S COMMENTARY Regional markets rebounded in the month of June, with news of US and China restarting their trade talks post the G20 meeting held in Japan at the end of the month. Regional markets were driven by the potential rate cuts in the US and easing US-China trade tensions. The FBM Shariah Emas Index rose 2.86% mom in June 2019 to close at 12,133 points, but still was one of the worst performer in the region, as our peers registered gains of between 2.4% - 6.8%. Domestically, sentiment improved in the second half of the month when newsflow turned positive with lower than expected passive outflow from the MSCI index rebalancing for Tenaga Berhad. In addition, Gamuda Berhad surprised the market with an offer from Ministry of Finance to buyout 4 of their toll concessions for RM6.2bn. Foreign investors turned slight net buyers of equity of RM0.1b in June, breaking the four months streak of net outflows, bringing year-to-date net foreign outflow from equities of RM4.7b. The FBM Shariah Small Cap index gained 3.59% for the month. The best performing sector was Construction (+5.89%) and Telecommunication (+5.3%). The worst performing sectors were Finance (-0.96%) and Property (0.49%). Average value traded on Bursa in June was RM 1766m, down 21% mom. . ANNUAL PERFORMANCE FOR THE CALENDAR YEAR ENDED Year 2015 2016 2017 2018 2019 Fund (%) 10.67 -3.89 10.47 -6.19 - 2.35 -6.14 10.72 -13.52 - 27 Mar, 0.0418 24 Mar, 0.0364 24 Mar, 0.0357 26 Mar, 0.0375 15 Mar, 0.0331 . . Benchmark (%) . Date/Distribution (RM) . Unit Split . Distribution Yield (%) . . . . . . . . . . . . . . . . . . . . - - - - - 5.50 5.00 5.00 5.00 5.17 . . . . . . . . . Source: Distribution and Distribution Yield are sourced from the fund 's Annual Report. Fund and Benchmark for current year are based on Year to Date (YTD) figures which is sourced from Lipper for Investment Management. Past performance is not necessarily indicative of future performance. IMPORTANT INFORMATION Based on the Fund’s portfolio returns as at 31 May 2019, the Volatility Factor (VF) for this Fund is 6.1 and is classified as “Low” (Source: Lipper). “Low” generally includes funds with VF that are higher than 1.760 but not more than 6.595. The VF means that 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 (6) months. The VF for the Fund may be higher or lower than the VC, depending on the market conditions. 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. Investors are advised to read and understand the contents of the Eastspring Investments Master Prospectus dated 15 July 2017, the Eastspring Investments First Supplementary Master Prospectus dated 2 February 2018, the Eastspring Investments Second Supplementary Master Prospectus dated 31 October 2018 and the Eastspring Investments Third Supplementary Master Prospectus dated 2 January 2019 (collectively, the "Prospectuses"), as well as the Fund's Product Highlights Sheet (“PHS”) before investing. The Prospectuses and PHS are available at offices of Eastspring Investments Berhad or its authorised distributors and investors have the right to request for a copy of the Prospectuses and PHS. The Prospectuses have been registered with the Securities Commission Malaysia who takes no responsibility for its contents. Units will only be issued upon receipt of the application form accompanying the Prospectuses. Past performance of the Fund is not an indication of the Fund's future performance. Unit prices and distribution payable, if any, may go down as well as up. Where a unit split/distribution is declared, investors are advised that following the issue of additional units/distribution, the Net Asset Value (“NAV”) per unit will be reduced from pre-unit split NAV/cum-distribution NAV to post-unit split NAV/ex-distribution NAV. Where a unit split is declared, investors are advised that the value of their investment in Malaysian Ringgit will remain unchanged after the issue of the additional units. Investments in the Fund are exposed to security risk and reclassification of Shariah status risk. Investors are advised to consider these risks and other general risks as elaborated in the Prospectuses as well as fees, charges and expenses involved before investing. Eastspring Investments companies (excluding JV companies) are ultimately wholly owned/indirect subsidiaries of Prudential plc of the United Kingdom. Eastspring Investments companies (including JV companies) and Prudential plc are not affiliated in any manner with Prudential Financial , Inc., a company whose principal place of business is in the United States of America . . . .