Eastspring Investments Dana Al-Ilham Fund Report - May 2017

Transcription

1. DANA AL-ILHAM MAY 2017 3-year Fund Volatility 7 .9 High Lipper Analytics 15-Apr-2017 ALL DATA AS AT 30 APRIL 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: RM499,357,639.13 ASSET ALLOCATION . Initial Offer Price: RM0.5000 1. 2. 3. 4. 5. 6. 7. 8. . NAV per Unit: RM0.6913 . EPF Investment Scheme: Yes . FEES, CHARGES AND EXPENSES Cash & cash equivalents Telecommunication Health Care Conglomerate Plantation / Natural Resources Oil and Gas Power / Utilities Property 13.19% 12.47% 12.41% 11.53% 9.48% 9.26% 7.33% 5.04% 9. 10. 11. 12. 13. 14. 15. 16. Technology Banking & Finance Consumer Automotive Building Materials Manufacturing Construction Transportation 4.76% 3.35% 2.58% 2.03% 2.00% 1.58% 1.52% 1.47% * as percentage of NAV. 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 . Sales Charge: Up to 5.26% of the NAV per Unit TOP HOLDINGS 1. 2. 3. Sime Darby Berhad Axiata Group Berhad Tenaga Nasional Berhad 8.05% 6.67% 5.86% 4. 5. IHH Healthcare Berhad IJM Corporation Berhad 5.58% 3.48% * as percentage of NAV. . Redemption charge: Nil . Redemption Payment Period: Ten (10) calendar days FUND PERFORMANCE Eastspring Investments Dana al-Ilham - Since Inception (SI) Return Vs Benchmark . 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 . DISTRIBUTIONS Date 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 Fund NAV: 52-Week High 52-Week Low Source: Lipper for Investment Management. Past performance is not necessarily indicative of future performance. NAV 0.7218 0.6830 Date 23-03-2017 14-04-2017 FUND MANAGER Fund Manager: Manager's Delegate (External Investment Manager) - Eastspring Al-Wara’ Investments Berhad . 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 PERFORMANCE TABLE 1 month 6 months 1 year 3 years 5 years Since Inception Fund 0.98% 2.07% 4.46% 10.44% 64.90% 407.09% Benchmark * 1.26% 4.75% 6.25% -1.83% 21.00% 154.81% 37 of 49 47 of 48 44 of 48 8 of 46 3 of 43 n.a. Lipper Ranking 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, 30 April 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 4 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 MAY 2017 ALL DATA AS AT 30 APRIL 2017 UNLESS OTHERWISE STATED FUND MANAGER ’S COMMENTARY Global markets performed well, as the US equity markets rebounded from earlier trepidation over President Trump’s meeting with China’s Premier Xi Jin Ping . By the end of the US-China summit, President Trump declared that China as not a currency manipulator despite his election rhetoric that said otherwise . President Trump continued to surprise the market with relatively aggressive stance taken on Afghanistan unleashing the “Mother of all Bombs” on them , amidst rising tensions with North Korea. The US market ended the month close to its all- time high as President Trump was to unveil his tax reform proposal – but its announcement on the 26 April was unfortunately short on details. The French elections were also in the limelight as the remaining Presidential candidates at the finishing line were from two very opposing views, with the likely winner Independent Candidate, Macron. Malaysia ended on a strong note in April as the Kuala Lumpur Composite Index (“KLCI”) rose to 22-month highs on the back of an appreciating ringgit, recovering corporate earnings prospects and continued foreign fund flows. Interest in Malaysian equities was sustained with the proposed merger between Sp Setia and I&P, and news of Lotte Chemical Korea listing their Malaysian wholly owned Lotte Chemical Titan on Bursa Malaysia by 3Q2017. The FTSE Bursa Malaysia (“FBM”) Shariah Emas Index ended the month higher at 1.26% mom to close at 12,972.49 points. The broader market gained 2.18% outperforming the FBM Shariah Emas Index. The best performing sectors were Technology (+7.95%) and Construction (+5.2%), whilst the worst performing sectors were Plantation (-1.28%) as outlook for the sector deteriorated on the back of growing supply concerns and potential policies implemented by the European Union on the use of bio-fuel. The FBM Small Cap Index gained 3.4%. Average value traded on Bursa in April was down 23% to RM2.69bn as March saw a large increase in participation by foreign investors, nevertheless April value was still higher than the average registered in 2016. . ANNUAL PERFORMANCE FOR THE CALENDAR YEAR ENDED Year 2013 Fund (%) Benchmark (%) . . . Date/Distribution (RM) . Unit Split . Distribution Yield (%) . 2014 2015 2016 2017 23.29 7.20 10.67 -3.89 - 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 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 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 March 2017, the Volatility Factor (VF) for this Fund is 7.9 and is classified as “High” (Source: Lipper). “High” generally includes funds with VF that are higher than 8.015 but not more than 10.605. 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 2016, the Eastspring Investments First Supplementary Master Prospectus dated 24 November 2016, the Eastspring Investments Second Supplementary Master Prospectus dated 15 March 2017 and the Eastspring Investments Third Supplementary Master Prospectus dated 17 April 2017 (collectively, the "Prospectuses"), as well as the Fund's Product Highlights Sheets (“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. 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 . . . .