Eastspring Investments Dana Wafi Fund Report - April 2019

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1. DANA WAFI APRIL 2018 3-year Fund Volatility 1 .2 Very Low Lipper Analytics 15-Mar-2018 ALL DATA AS AT 31 MARCH 2018 UNLESS OTHERWISE STATED FUND INFORMATION FUND OBJECTIVE Launch Date: 21 February 2005 The Fund seeks to generate stable income by investing in Shariah-compliant fixed income securities. . . Fund Category/Fund Type: Sukuk/income . ASSET ALLOCATION Fund Size: RM7,585,331.59 . 1. 2. 3. 4. Initial Offer Price: RM0.5000 . NAV per Unit: RM0.5754 . AA3 AA2 AA2 (S) AAA 49.56% 13.28% 10.63% 9.64% 5. 6. 7. Cash & cash equivalents AA- IS AA1 7.63% 6.61% 2.65% Mukah Power Generation Sdn Bhd Lebuhraya DUKE Fasa 3 Sdn Bhd 12.61% 10.88% EPF Investment Scheme: Nil . FEES, CHARGES AND EXPENSES Annual Management Fee: Up to 1.00% of the NAV per annum * as percentage of NAV. TOP HOLDINGS . Annual Trustee Fee: Up to 0.07% of the NAV per annum subject to a minimum of RM18,000 per annum . 1. 2. 3. Jimah Energy Ventures Sdn Bhd UMW Holdings Berhad BGSM Management Sdn Bhd 13.80% 13.28% 12.65% 4. 5. * as percentage of NAV. Sales Charge: Nil . FUND PERFORMANCE Redemption charge: Nil . Eastspring Investments Dana Wafi - 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 Wafi Income Distribution Policy: At least once a year, subject to the availability of income 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 0.5754 0.5564 Date 30-03-2018 04-04-2017 FUND MANAGER Fund Manager: Eastspring Investments Berhad PERFORMANCE TABLE 1 month 6 months 1 year 3 years 5 years Since Inception Fund 0.24% 1.50% 3.45% 10.96% 17.42% 60.60% Benchmark * 0.57% 2.00% 5.14% 13.12% 20.61% 68.87% 31 of 34 30 of 34 30 of 34 24 of 29 19 of 21 n.a. Lipper Ranking . Lipper Fund Category: Bond MYR - Islamic . * Quant Shop Malaysian Government Securities (MGS) Medium Index Fund performance and Lipper ranking are sourced from Lipper for Investment Management and the benchmark is from www.quantshop.com, 31 March 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) Total Return Consistent Return Preservation 1 2 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 WAFI APRIL 2018 ALL DATA AS AT 31 MARCH 2018 UNLESS OTHERWISE STATED FUND MANAGER ’S COMMENTARY In the March meeting, the US Federal Reserve (“Fed”) raised its key interest rates by 25bps to between 1.50%-1.75% for the first time this year as widely expected. However, the Fed appeared to be slightly hawkish as the Fed continues to remain positive on future growth while raising the Fed Fund Rates projections for 2019 and 2020. On the domestic front, Bank Negara Malaysia (“BNM”) has projected Malaysia's 2018 headline inflation to average between 2-3%. Core inflation is expected to remain moderate in 2018, due to smaller cost pass-through to retail prices compared to the previous year. Overall, Bank Negara believes that inflationary pressures from domestic demand factors will be contained in 2018 due to improving labour market conditions. There will be three Government bond auctions in April with total estimated issuance of circa RM 10bil with no MGS/GII maturities 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 and we expect demand for corporate bonds to remain well supported. . PORTFOLIO CHARACTERISTICS AS AT 31 MARCH 2018 Average Duration (years) Value 3.27 Average Yield to Maturity (%) 4.47 Note: This portfolio represents the Fixed Income portion of the Fund. ANNUAL PERFORMANCE FOR THE CALENDAR YEAR ENDED Year 2013 2014 2015 2016 2017 Fund (%) 2.41 3.04 3.17 3.92 3.92 Benchmark (%) 1.94 3.44 5.38 3.38 4.95 1 Apr, 0.0250 28 Mar, 0.0216 - - 24 Mar, 0.0230 . . . Date/Distribution (RM) . Unit Split . . . . . . . . . . . . . . . . . . . - - - - - Distribution Yield (%) 4.70 4.18 - - 4.00 12-Month FD Average (MBB%) 3.15 3.20 3.30 - - . . . . . . . . . . . . . . . . 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 28 February 2018, the Volatility Factor (VF) for this Fund is 1.2 and is classified as “Very Low” (Source: Lipper). “Very Low” generally includes funds with VF that are higher than 0.000 but not more than 1.785. 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 credit or default risk and interest rate 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 . . . . .