Eastspring Investments Dana Al-Ilham Fund Report - December 2017

Transcription

1. DANA AL-ILHAM DECEMBER 2017 3-year Fund Volatility 7 .9 Moderate Lipper Analytics 15-Nov-2017 ALL DATA AS AT 30 NOVEMBER 2017 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: RM534,932,263.35 ASSET ALLOCATION . Initial Offer Price: RM0.5000 1. 2. 3. 4. 5. 6. 7. . NAV per Unit: RM0.7106 . 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 . Cash & cash equivalents Oil and Gas Technology Power / Utilities Telecommunication Construction Health Care 22.01% 11.80% 11.01% 8.20% 7.86% 7.65% 7.13% 8. 9. 10. 11. 12. 13. 14. Plantation / Natural Resources Property Consumer Banking & Finance Manufacturing Automotive Transportation 5.08% 4.95% 4.78% 4.20% 1.88% 1.81% 1.64% * as percentage of NAV. TOP HOLDINGS 1. 2. 3. Tenaga Nasional Berhad Serba Dinamik Holdings Berhad Nestle (Malaysia) Berhad Sales Charge: Up to 5.26% of the NAV per Unit * as percentage of NAV. Redemption charge: Nil FUND PERFORMANCE 8.20% 5.36% 4.78% 4. 5. Inari Amertron Berhad Time Dotcom Berhad 4.60% 3.19% . . 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 0.7218 0.6746 Date 23-03-2017 11-08-2017 PERFORMANCE TABLE 1 month 6 months 1 year 3 years 5 years Since Inception FUND MANAGER Fund 1.05% 3.41% 8.06% 10.54% 58.20% 421.24% Fund Manager: Manager's Delegate (External Investment Manager) - Eastspring Al-Wara’ Investments Berhad Benchmark * -1.24% 0.91% 8.56% -0.89% 17.91% 153.78% Lipper Ranking 2 of 53 14 of 50 29 of 49 15 of 47 3 of 45 n.a. . Lipper Fund Category: Equity Malaysia - Islamic . AWARDS / RATINGS The Edge-Thomson Reuters Lipper Malaysia Fund Awards 2017 Best Equity Malaysia - Malaysia Islamic 3 years, 5 years and 10 years Best Equity Malaysia - Malaysia Provident, 10 years * 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 November 2017. 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 3 3 4 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 12, Menara Prudential, 10, Jalan Sultan Ismail, 50250 Kuala Lumpur. Tel: 603 - 2332 1000 Fax: 603 - 2052 3366 E-mail: cs.my@eastspring.com 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 DECEMBER 2017 ALL DATA AS AT 30 NOVEMBER 2017 UNLESS OTHERWISE STATED FUND MANAGER ’S COMMENTARY The Malaysian equity market closed lower in November, despite the stronger than expected 3Q2017 Gross Domestic Product (“GDP”) growth data, and growing expectations of Bank Negara potentially hiking Overnight Policy Rate in 2018. Economic data points generally were positive for Malaysia with the ringgit strengthening during the month by 3.5% against the US Dollar and crude oil prices rising 3.6% mom to USD64/bbl. Regionally, Asian equity markets corrected triggered by profit-taking activities in the tech sector. US President Trump’s visit to China on trade issues ended on a positive note with the usual trade deals lined up between the two countries, but most of the deals were still very preliminary. US markets continue its uptrend spurred by the unveiling of the US tax reform plan proposal. Towards the end of the month, Organisation of the Petroleum Exporting Countries (“OPEC”) announced their decision to extend its production cutting deal for another nine-months, provided support for oil prices. The FTSE Bursa Malaysia (“FBM”) Shariah Emas index ended the month lower at -1.24% mom to close at 12,920.15 points. The broader market declined by 1.5%, marginally underperforming the FBM Shariah Emas Index. The best performing sectors were Technology (+0.81%) and Consumer (+0.14%), whilst the worst performing sectors were Construction (-4.89%) and Finance (-2.1%). The FBM Small Cap Index declined 3.7%. Average value traded on Bursa in Nov was RM3.01b vs Oct’s RM2.6b, coinciding with the expected changes to the MSCI Malaysia index weighting and changes to the Securities Commission’s shariah compliant list of stocks. . ANNUAL PERFORMANCE FOR THE CALENDAR YEAR ENDED Year 2013 2014 2015 2016 2017 Fund (%) 23.29 7.20 10.67 -3.89 - Benchmark (%) 13.29 -4.17 2.35 -6.14 - 1 Apr, 0.0650 28 Mar, 0.0886 27 Mar, 0.0418 24 Mar, 0.0364 24 Mar, 0.0357 - 28 Apr, 1:1 - - - 5.60 6.15 5.50 5.00 5.00 . . . Date/Distribution (RM) . Unit Split . Distribution Yield (%) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 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 October 2017, the Volatility Factor (VF) for this Fund is 7.9 and is classified as “Moderate” (Source: Lipper). “Moderate” generally includes funds with VF that are higher than 6.225 but not more than 8.225. 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 (“MP”) and the Fund's Product Highlights Sheet (“PHS”) before investing. The MP 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 MP and PHS . The MP has 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 MP. 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 MP as well as fees, charges and expenses involved before investing. All fees, charges and expenses payable by the unit holder are subject to Goods and Services Tax (“GST”) at a rate of 6% or such other prescribed rate as may be imposed from time to time, and incurred by the unit holder directly when purchasing or redeeming units of the Fund and indirectly when investing in the Fund. The fees, charges and expenses disclosed are exclusive of GST or any other taxes or duties that may be imposed by the government or other authorities from time to time. 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 . . . .