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Eastspring Investments Islamic Income Fund - Class C Report - June 2022

IM Insights
By IM Insights
1 week ago
Eastspring Investments Islamic Income Fund - Class C Report - June 2022

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  1. ADVERTISEMENT ISLAMIC INCOME FUND [CLASS C] JUNE 2022 3-year Fund Volatility 0.2 Very Low Lipper Analytics 10-Jun-2022 ALL DATA AS AT 31 MAY 2022 UNLESS OTHERWISE STATED FUND INFORMATION FUND OBJECTIVE Launch Date: 8 February 2007 The Fund seeks to provide liquidity and a steady income* stream by investing in Islamic money market instruments and/or Islamic deposits. . Fund Category/Fund Type: Islamic money market/income . Fund Size: RM2,301,887,540.23 * Income distributed to a unit holder will be reinvested into additional units unless the unit holder opts for the distribution to be paid out. . . Aggregate Total NAV: RM2,447,439,733.17 . ASSET ALLOCATION Initial Offer Price: 0.5000 . 1. Cash & cash equivalents 100.00% NAV per Unit: RM0.5229 . EPF Investment Scheme: Nil . ISIN No: MYU940000AN4 . * as percentage of NAV. FEES, CHARGES AND EXPENSES Annual Management Fee: Up to 0.25% of the NAV per annum TOP HOLDINGS . 1. Annual Trustee Fee: Up to 0.04% of the NAV per annum subject to a minimum of RM18,000 per annum 2. 3. Sales Charge: Nil * as percentage of NAV. . RHB Islamic Bank Berhad (Placement) Ambank Islamic Berhad (Placement) Public Islamic Bank Berhad (Placement) 19.76% 17.57% 17.33% . Redemption charge: Nil . Redemption Payment Period: Four (4) business days (Note: In the case of Eastspring Investments Islamic Income Fund, redemption is usually paid within the next business day of acceptance of the completed withdrawal documentation) FUND PERFORMANCE Eastspring Investments Islamic Income Fund [Class C] - Since Inception (SI) Return Vs Benchmark SI % Change . TRANSACTION DETAILS Minimum Initial Investment: Lump Sum: RM50,000* Regular Investment: not available . Minimum Additional Investment: Lump Sum: RM10,000* Date . * The Manager reserves the right to change the minimum amounts stipulated above from time to time Eastspring Investments Islamic Income Fund [Class C] . Benchmark The performance is calculated on NAV-to-NAV basis with gross income or dividend reinvested DISTRIBUTIONS Source: Lipper for Investment Management. Past performance is not necessarily indicative of future performance. Income Distribution Policy: At least monthly, subject to the availability of income . Fund NAV: 52-Week High 52-Week Low NAV 0.5229 0.5185 Date 31-05-2022 11-11-2021 PERFORMANCE TABLE 1 month 6 months 1 year 3 years 5 years Since Inception Fund 0.17% 0.93% 1.79% 7.42% 15.44% 53.85% Benchmark * 0.03% 0.14% 0.26% 1.92% 5.72% 29.02% 13 of 68 12 of 65 13 of 64 6 of 56 5 of 43 n.a. Lipper Ranking FUND MANAGER Fund Manager: Eastspring Investments Berhad . 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 Fund Category: Money Market MYR - Islamic * Maybank Islamic overnight deposit rate Fund performance and Lipper ranking are sourced from Lipper for Investment Management and the benchmark is from www.maybank2u.com.my, 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.
  2. ADVERTISEMENT ISLAMIC INCOME FUND [CLASS C] JUNE 2022 ALL DATA AS AT 31 MAY 2022 UNLESS OTHERWISE STATED FUND MANAGER’S COMMENTARY BNM raised the OPR by 0.25% to 2% in May 2022. Following the OPR hike, the short-term rates were adjusted upwards by similar magnitude and remained range bound thereafter. The overnight and 1-week rates were traded at 1.73% to 2.04% while 1-month rates were dealt at 1.86% to 2.15%. Similarly, in the short-term Bills market, yields across all tenures were up by 24-41bps during the month. The 1-month and 12-month Bills closed the month at 2% and 2.51% respectively. . PORTFOLIO CHARACTERISTICS AS AT 31 MAY 2022 Average Duration (years) Value 0.17 Average Yield to Maturity (%) 2.24 Note: This portfolio represents the Fixed Income portion of the Fund. OTHER INFORMATION ABOUT THE FUND Year 2018 2019 2020 2021 2022 Annual Fund Performance (%) 3.68 3.62 2.61 1.81 - Annual Benchmark Performance (%) 1.89 1.72 0.61 0.25 - 0.0187 0.0186 0.0142 6 Dec, 0.0007 20 Apr, 0.0001 3.66 3.64 2.73 0.13 0.02 . . . . . . . . . . . . . . . . . . Date/Distribution (RM) . 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 May 2022, the Volatility Factor (VF) for this Fund is 0.2 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 4.19. 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. 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, the Eastspring Investments Second Supplementary Master Prospectus dated 31 October 2018, the Eastspring Investments Third Supplementary Master Prospectus dated 2 January 2019, the Eastspring Investments Fourth Supplementary Master Prospectus dated 1 August 2019, the Eastspring Investments Fifth Supplementary Master Prospectus dated 1 October 2020, the Eastspring Investments Sixth Supplementary Master Prospectus dated 15 December 2021 (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. 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 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. 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. . .