Eastspring Investments Islamic Equity Income Fund Report - June 2022

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1. ADVERTISEMENT ISLAMIC EQUITY INCOME FUND JUNE 2022 ALL DATA AS AT 31 MAY 2022 UNLESS OTHERWISE STATED FUND INFORMATION FUND OBJECTIVE Launch Date : 8 April 2019 The Fund seeks to provide a stable income stream with medium to long-term capital growth . . Fund Category/Fund Type: Equity (Shariah)/Income . ASSET ALLOCATION Fund Size: RM17,617,671.75 . 1. 2. 3. 4. 5. 6. 7. 8. Initial Offer Price: RM 0.5000 . NAV per Unit: RM0.5382 . EPF Investment Scheme: Nil . ISIN No: MYU940000CH2 . Oil and Gas Consumer Telecommunication Technology Cash & cash equivalents Conglomerate Manufacturing Property 15.70% 10.94% 10.90% 10.76% 8.02% 7.93% 7.02% 6.89% 9. 10. 11. 12. 13. 14. 15. 16. Power / Utilities Plantation / Natural Resources Banking & Finance Transportation Construction Health Care Trust Services 6.03% 4.76% 4.15% 2.89% 1.91% 1.06% 0.97% 0.07% * 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 0.065% of the NAV per annum subject to a minimum of RM15,000 per annum 1. 2. 3. 6.03% 5.70% 4.74% Tenaga Nasional Berhad Hong Leong Industries Berhad Petronas Chemicals Group Berhad 4. 5. Gas Malaysia Berhad Press Metal Aluminium Holdings Berhad 3.96% 3.58% * as percentage of NAV. . Sales Charge: Direct: Up to 5.00% of the NAV per Unit . FUND PERFORMANCE Eastspring Investments Islamic Equity Income Fund - 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: RM1,000* 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 Islamic Equity Income Fund DISTRIBUTIONS Source: Lipper for Investment Management. Past performance is not necessarily indicative of future performance. Income Distribution Policy: Subject to the availability of income, distribution of income, if any, will be on annual basis, after deduction of taxation and expenses PERFORMANCE TABLE . 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 0.5987 0.5259 Date 08-09-2021 08-03-2022 1 month 6 months 1 year 3 years 5 years Since Inception Fund -2.16% -4.56% -4.53% 14.33% n.a. 17.09% Benchmark * -4.26% -5.10% -9.89% -2.43% n.a. -2.68% Lipper Ranking 4 of 12 3 of 12 5 of 12 6 of 12 n.a. n.a. Lipper Fund Category: Equity Malaysia Income- Islamic FUND MANAGER Fund Manager: Eastspring Investments Berhad . * Financial Times Stock Exchange Bursa Malaysia EMAS Shariah Index Fund performance and Lipper ranking are sourced from Lipper for Investment Management and the benchmark is from www.bursamalaysia.com, 31 May 2022. 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 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. 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 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. ADVERTISEMENT ISLAMIC EQUITY INCOME FUND JUNE 2022 ALL DATA AS AT 31 MAY 2022 UNLESS OTHERWISE STATED FUND MANAGER ’S COMMENTARY Malaysian equity markets closed lower May amid concerns over inflation and potential rate hikes, despite a month end rally driven by the MSCI May Semi Annual Index rebalancing. During the month, BNM surprised the market by raising OPR by 25bps at the May MPC to 2%. BNM indicated that the firmer domestic growth underscored their decision to begin reducing the degree of monetary accommodation, which will be done in a measured and gradual manner, ensuring that monetary policy remains accommodative. 1Q22 GDP growth for Malaysia came in at 5% yoy, supported by the expansion in domestic demand, recovery in the labour market, continued growth in external demand and continued policy support. In May, the rising cost of feed had sent chicken prices soaring resulting in rationing of supply. The Malaysian government responded with a direct subsidy to poultry breeders, so that the ceiling price of RM8.90/kg can be maintained. The FBM Emas Shariah Index declined 512.65 points in May to close at 11,509.63 points, down 4.26%. The FBM Small Cap Shariah index declined 7.0% for the month underperforming the FBM Emas Shariah Index. The best performing sector was Energy (+7.94%). The worst performing sectors were Plantation (-9.7%) and Healthcare (-6.2%). Average value traded on Bursa in May was RM2211 m,lower by 3.7% mom. OTHER INFORMATION ABOUT THE FUND Year . Annual Fund Performance (%) . Annual Benchmark Performance (%) . . . . . . . . . . 2019 2020 2021 6.56 17.46 0.44 1.02 10.14 -6.81 - 21 Sep, 0.0270 20 Sep, 0.0220 - 4.45 . . . . . . . . . . Date/Distribution (RM) . Distribution Yield (%) . . . . . . 3.73 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 Investors are advised to read and understand the contents of the Eastspring Investments Islamic Equity Income Fund (”Fund”) Prospectus and the Fund’s First Supplementary Prospectus both dated 8 April 2019, the Fund’s Second Supplementary Prospectus dated 1 August 2019 (collectively, the ”Prospectuses”) and 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. This advertisement has not been reviewed by the Securities Commission Malaysia ("SC"). The Prospectuses have been registered with the SC who takes no responsibility for its contents. The registration of Prospectuses with the SC does not amount to nor indicate that the SC has recommended or endorsed the product. 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 distributions 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 equity risk and Shariah status reclassification risk. Investors are advised to consider these risks and other general risks as elaborated in the Prospectuses, as well as the fees, charges and expenses involved before investing. Investors may also wish to seek advice from a professional adviser before making a commitment to invest in units of any of our funds. Eastspring Investments ("Eastspring") is an ultimately wholly owned subsidiary of Prudential plc. Prudential plc, is incorporated and registered in England and Wales. Registered office: 1 Angel Court, London EC2R 7AG. Registered number 1397169. Prudential plc is a holding company, some of whose subsidiaries are authorized and regulated, as applicable, by the Hong Kong Insurance Authority and other regulatory authorities . Prudential plc is 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 Limited , a subsidiary of M&G plc. A company incorporated in the United Kingdom . .