Dana Al-Ilham Fund Report - March 2020

Transcription

1. DANA AL-ILHAM MARCH 2020 3-year Fund Volatility 6 .7 Moderate Lipper Analytics 11-Feb-2020 ALL DATA AS AT 29 FEBRUARY 2020 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: RM438,310,593.51 ASSET ALLOCATION . Initial Offer Price: RM0.5000 1. 2. 3. 4. 5. 6. 7. . NAV per Unit: RM0.6128 . EPF Investment Scheme: Yes . ISIN No: MYU940000AE3 . Oil and Gas Cash & cash equivalents Health Care Telecommunication Consumer Property Power / Utilities 13.20% 11.80% 10.98% 9.25% 8.38% 7.88% 7.81% 8. 9. 10. 11. 12. 13. 14. Banking & Finance Technology Conglomerate Plantation / Natural Resources Manufacturing Automotive Construction 7.52% 6.50% 4.51% 4.46% 2.97% 2.84% 1.90% * as percentage of NAV. FEES, CHARGES AND EXPENSES TOP HOLDINGS 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 1. 2. 3. Tenaga Nasional Berhad Nestle (Malaysia) Berhad Dialog Group Berhad 7.81% 4.68% 4.61% 4. 5. Syarikat Takaful Malaysia Berhad Time Dotcom Berhad 3.65% 3.50% * as percentage of NAV. . Sales Charge: Up to 5.26% of the NAV per Unit FUND PERFORMANCE . Eastspring Investments Dana al-Ilham - Since Inception (SI) Return Vs Benchmark Redemption charge: Nil . Redemption Payment Period: Ten (10) calendar days SI % Change . TRANSACTION DETAILS Minimum Initial Investment: Lump Sum: RM1000* Regular Investment: RM100* . Minimum Additional Investment: Lump Sum & Regular Investment: RM100* . * The Manager reserves the right to change the minimum amounts stipulated above from time to time Date . Eastspring Investments Dana al-Ilham Benchmark DISTRIBUTIONS The performance is calculated on NAV-to-NAV basis with gross income or dividend reinvested Income Distribution Policy: Incidental Source: Lipper for Investment Management. Past performance is not necessarily indicative of future performance. Fund NAV: PERFORMANCE TABLE . 52-Week High 52-Week Low NAV 0.6721 0.6128 Date 02-07-2019 28-02-2020 FUND MANAGER Fund Manager: Manager's Delegate (External Investment Manager) - Eastspring Al-Wara’ Investments Berhad . AWARDS / RATINGS Lipper Fund Awards from Refinitiv 2019 Best Equity Malaysia - Malaysia Islamic 10 years; Best Equity Malaysia - Malaysia Pension 10 years. Arabian & Global Islamic Markets Lipper Fund Awards 2019 Best Equity Malaysia - 10 Years From Lipper Fund Awards from Refinitiv, ©2019 Refinitiv. All rights reserved. Used under license. Eastspring Investments Berhad 200001028634 (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 1 month 6 months 1 year Fund -3.34% -4.65% -3.16% Benchmark * -3.74% -6.64% -5.21% 32 of 51 34 of 50 33 of 50 11 of 48 Lipper Ranking 3 years 5 years Since Inception 1.35% 2.46% 398.26% -10.22% -15.24% 118.45% 9 of 46 n.a. Lipper Fund Category: Equity Malaysia - Islamic . * 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, 29 February 2020. 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. 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 MARCH 2020 ALL DATA AS AT 29 FEBRUARY 2020 UNLESS OTHERWISE STATED FUND MANAGER ’S COMMENTARY Markets corrected in the month of February as the world focused on the outbreak of COVID-19, as countries outside of China reported rising numbers of confirmed cases and deaths. Malaysian equity markets continued to be weak, on the back of lower than expected 4Q2019 GDP growth of 3.6% yoy, and the implication of the COVID-19 outbreak on 2020 GDP growth, which the government forecasts to range 3.2-4.2%. 4Q2019 corporate earnings reported during the month disappointed, resulting in 2019 KLCI earnings declining by 9%, the second consecutive year of negative earnings growth. The month ended with political upheaval as the Pakatan Harapan government saw the departure of Bersatu from their coalition, to find support from Barisan Nasional and PAS political parties . Investors endured a week of uncertainty, with Tun Mahathir resigning as the Prime Minister to then being appointed as interim PM , and then finally the appointment by the King of Tan Sri Muhyiddin Yassin as Malaysia’s Prime Minister . The FBM Emas Shariah Index declined 3.74% mom in February 2020 to close at 11,121.15 points. The FBM Small Cap Shariah index declined 3.97% for the month underperforming the FBM Emas Shariah Index. The sectors that declined the least were Utilities (-1.6%) and Telecommunication (-2.4%). The worst performing sectors were Energy (-8.0%) and Construction (-7.52%). Average value traded on Bursa in February was RM 2640m higher by 19% mom. . OTHER INFORMATION ABOUT THE FUND Year 2015 2016 2017 2018 2019 Annual Fund Performance (%) 10.67 -3.89 10.47 -6.19 5.31 2.35 -6.14 10.72 -13.52 3.85 27 Mar, 0.0418 24 Mar, 0.0364 24 Mar, 0.0357 26 Mar, 0.0375 15 Mar, 0.0331 . . Annual Benchmark Performance (%) . . . . . . . . . . . . . . . . Date/Distribution (RM) . Unit Split . Distribution Yield (%) . . . . . - - - - - 5.67 5.14 5.22 5.40 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 January 2020, the Volatility Factor (VF) for this Fund is 6.7 and is classified as “Moderate” (Source: Lipper). “Moderate” generally includes funds with VF that are higher than 6. 110 but not more than 8.810. 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, the Eastspring Investments Third Supplementary Master Prospectus dated 2 January 2019 and the Eastspring Investments Fourth Supplementary Master Prospectus dated 1 August 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/associate 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 or with the Prudential Assurance Company , a subsidiary of M&G plc (a company incorporated in the United Kingdom). . . .