Eastspring Investments Dana Dinamik Fund Report - May 2018

Transcription

1. DANA DINAMIK MAY 2018 3-year Fund Volatility 7 .8 Moderate Lipper Analytics 15-Apr-2018 ALL DATA AS AT 30 APRIL 2018 UNLESS OTHERWISE STATED FUND INFORMATION FUND OBJECTIVE Launch Date: 25 February 2004 The Fund seeks to provide investors with capital appreciation by actively investing in Shariah approved equities and equity-related securities. For defensive considerations, the Fund may invest in Shariah-approved debentures and money market instruments. . Fund Category/Fund Type: Mixed Asset (Shariah)/growth . . Fund Size: RM123,902,581.02 ASSET ALLOCATION . Initial Offer Price: 0.5000 1. 2. 3. 4. 5. 6. 7. 8. . NAV per Unit: RM1.0130 . EPF Investment Scheme: Yes . FEES, CHARGES AND EXPENSES Cash & cash equivalents Oil and Gas Consumer Power / Utilities Construction Manufacturing Technology Health Care 16.15% 12.60% 9.42% 9.03% 8.19% 7.56% 7.45% 6.33% 9. 10. 11. 12. 13. 14. 15. Plantation / Natural Resources Telecommunication Banking & Finance Conglomerate Property Automotive Unquoted Fixed Income Securities 4.62% 3.83% 3.73% 3.45% 3.45% 2.16% 2.03% * as percentage of NAV. Annual Management Fee: Up to 1.25% 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 5.00% of the NAV per Unit . Redemption charge: Nil TOP HOLDINGS Equity Holdings 1. 2. 3. 4. 5. Bond Holdings Tenaga Nasional Berhad Nestle (Malaysia) Berhad Dialog Group Berhad Petronas Chemicals Group Berhad Inari Amertron Berhad 9.03% 5.87% 4.81% 4.22% 3.40% 1. 2. Government Of Malaysia Hong Leong Islamic Bank Berhad 1.22% 0.81% . Redemption Payment Period: Ten (10) calendar days * as percentage of NAV. . FUND PERFORMANCE TRANSACTION DETAILS Eastspring Investments Dana Dinamik - Since Inception (SI) Return Vs Benchmark 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 . SI % Change . DISTRIBUTIONS Income Distribution Policy: At least once a year, subject to the availability of income Date . Eastspring Investments Dana Dinamik Fund NAV: 52-Week High 52-Week Low Benchmark The performance is calculated on NAV-to-NAV basis with gross income or dividend reinvested NAV 1.0706 0.9490 Date 08-01-2018 26-09-2017 Source: Lipper for Investment Management. Past performance is not necessarily indicative of future performance. PERFORMANCE TABLE 1 month 6 months 1 year 3 years 5 years Since Inception Fund -1.24% 2.33% 7.59% 16.84% 53.53% 234.68% Benchmark * -0.10% 1.16% 2.38% 5.61% 15.61% 85.41% Lipper Ranking 9 of 13 1 of 12 1 of 11 2 of 10 1 of 9 n.a. 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 2018 Best Mixed Asset MYR Flexible - Malaysia Islamic, 5 years and 10 years Lipper Fund Category: Mixed Asset MYR Flexible - Islamic . * 50% Financial Times Stock Exchange Bursa Malaysia Emas Shariah Index (FBMS) + 50% Maybank 12-months Islamic Fixed Deposit-i. Fund performance and Lipper ranking are sourced from Lipper for Investment Management and the benchmark is from www.bursamalaysia.com and www.maybank2u.com.my, 30 April 2018. 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) 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 Total Return Consistent Return Preservation 4 4 2 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 DINAMIK MAY 2018 ALL DATA AS AT 30 APRIL 2018 UNLESS OTHERWISE STATED FUND MANAGER ’S COMMENTARY Equity: The month of April was a volatile period driven firstly by investor concerns of a possible full -blown trade war between the US and China and the repercussions on other exporting nations, early in the month. However higher oil prices that saw crude oil prices breach USD70/bbl, helped provide support for Malaysia’s ringgit and equity market, that saw the Kuala Lumpur Composite Index (“KLCI”) just one point shy of all-time highs that was hit in 2014. This rally was short lived as markets corrected over rising US treasury yields and the sell- off in technology stocks due to the weaker outlook guided by major handset component manufacturers and Facebook’s scandal of not protecting personal data properly . The FTSE Bursa Malaysia ("FBM") Shariah Emas Index closed the month slightly down by 0.47% mom to close at 13,169.14 points. The best performing sector was Construction (+1.27%) as a slew of contracts were announced ahead of GE14, including the project delivery partner for KL-Singapore HSR portion which saw it being awarded to two consortiums: Gamuda-MRCB and YTL-TH Properties. The worst performing sector was Consumer (-2.33%) with the biggest detractors being Nestle Berhad, British American Tobacco. Average value traded on Bursa in April was RM2486m lower than March by 8%. Fixed Income: In the May meeting, the US Federal Reserve (“Fed”) held rates unchanged at 1.50%-1.75% after it raised its interest rates by 25bps in March. While the Fed noted that overall inflation and core inflation have moved close to its 2% target, but it also described its target as “symmetric” and hence, indicating there was margin to fluctuate above or below that level. On the domestic front, the third Monetary Policy Committee (“MPC”) meeting for 2018 will be held on 10 May. Previously, Bank Negara Malaysia (“BNM”) maintained the Overnight Policy Rate (“OPR”) at 3.25% during March’s meeting and reiterated that the current level of OPR remains accommodative. As such, we expect BNM to keep the OPR unchanged during the upcoming meeting. There will be four Government bond auctions in May with the expected maturities of circa RM7.5bil during the month. As such, Malaysia’s sovereign bond market is expected to be well supported from onshore real money investors. MYR corporate bond market is expected to see continuous decent supply in the pipeline in the coming months. However, potential issuers are expected to take “wait and see” approach as yields have increased in April . . PORTFOLIO CHARACTERISTICS AS AT 30 APRIL 2018 Average Duration (years) Value 1.19 Average Yield to Maturity (%) 3.84 Note: This portfolio represents the Fixed Income portion of the Fund. ANNUAL PERFORMANCE FOR THE CALENDAR YEAR ENDED Year 2013 Fund (%) . . Benchmark (%) . Date/Distribution (RM) . 2014 2015 2016 2017 18.25 4.55 12.03 -3.42 18.16 8.24 -0.47 3.02 -1.46 6.89 1 Apr, 0.0450 29 Oct, 0.0448 29 Sep, 0.0619 25 Sep, 0.0364 26 Sep, 0.0435 26 Sep, 0.0446 5.47,5.03 6.03 . . . . . . . . . . . . . . . . . . . . Distribution Yield (%) . . . 4.00 . 4.50 . 4.50 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 30 March 2018, the Volatility Factor (VF) for this Fund is 7.8 and is classified as “Moderate” (Source: Lipper). “Moderate” generally includes funds with VF that are higher than 6.045 but not more than 7.975. 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 (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, credit or default risk, interest rate 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 . . .