InterPac Dana Safi Fund Report - March 2019

Transcription

1. INTERPAC DANA SAFI (March 2019) The Fund seeks to maximize capital gain by investing principally in Shariah counters listed on Bursa Malaysia. It has a flexible asset allocation strategy and may invest in Shariah fixed income securities and money market instruments to meet its objective over the medium to long term period. INVESTORS’ PROFILE PERFORMANCE RECORD(as at 31 Mar 2019) AGGRESSIVE – Investors who seek higher capital gain with long term investment horizon. FUND DETAILS NAV per Unit (31 Mar 2019) Fund Size (31 Mar 2019) Fund Category (Lipper) Fund Type Benchmark Fund Inception Offer Price at Inception Annual Management Fee Trustee Fee Repurchase Charge Sales Charge Redemption Payment Period Distribution Frequency RM 0.4023 RM 9,251,084.99 Mixed Asset MYR Flexible Growth (Shariah) 6% per annum 25 July 2007 RM0.2500 1.50% p.a. of NAV 0.07% p.a. of NAV NIL Up to 5% of the NAV per Unit Up to 10 days Incidental. *Source : Inter-Pacific Asset Management Sdn Bhd, 31/3/2019 The performance is calculated on NAV-to-NAV basis PERFORMANCE TABLE (as at 31 Mar 2019) Period 1 mth 3 mth 6 mth 1 yr Inception -1.66 -1.13 -13.82 -3.83 60.92 Fund* *Source : Lipper for Investment Management, 31/3/2019 MANAGER’S COMMENTS Regional currencies mostly ended lower month-on-month (MoM) versus the greenback in March, with the Indian Rupee (+2.1%) and Japanese Yen (+0.5%) being the best performing currencies for the month. The ringgit depreciated 0.4% MoM against the US dollar to RM4.0825. Prices of WTI crude increased 5.1% MoM in March to USD60.14 per barrel, while Brent crude increased 3.57% MoM to USD68.39 per barrel. Meanwhile, spot prices of crude palm oil decreased 1.7% to RM1869.00 per tonne. Malaysia’s Index of Industrial Production increased by 3.2% in January. The increase was driven by positive growth in the Manufacturing (+4.2%) and Electricity (+7.8%) sectors. The Mining sector, meanwhile, decreased by 0.9%. The expansion in manufacturing output was due mainly to higher growth in major sub-sectors – Electrical and Electronic Equipment Products (3.9%), and Petroleum, Chemical, Rubber and Plastic Products (4.0%), and Transport Equipment and Other Manufactures (6.3%). In January, Malaysia’s exports increased 3.1% YoY, underpinned by electrical and electronic products (+8.2%), liquefied natural gas (37.5%), and timber and timber-based products (+4.7%). Meanwhile, imports increased 1.0%. SECTOR ALLOCATION* (as at 31 Mar 2019) * As a percentage of NAV 3 1 4 3 Industrial Products & Services Consumer Products & Services Technology 4 Healthcare 2 1 2 % 44.85 18.34 12.37 6.80 LARGEST HOLDINGS* (as at 31 Mar 2019) * As a percentage of NAV 1 SLP Resources Bhd 2 Sern Kou Resources Bhd 3 Dufu Technology Corp Bhd DISCLAIMER: Based on the fund’s portfolio returns as at 28 February 2019. The Volatility Factor (VF) for this fund is 19.69 and is classified as “Very High” (source: Lipper). “Very High” includes funds with VF that are above 11.415. The VF means 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 months. 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. A copy of the InterPac Master Prospectus dated 12 June 2018 (“Prospectus”) has been registered and the Product Highlights Sheet has been lodged with the Securities Commission Malaysia who takes no responsibility for the contents. The Prospectus is available at our office or authorized distributors or representatives. The Product Highlights Sheet is also available and investors have the right to request for it. The Prospectus and the Product Highlights Sheet should be read and understood before making any investment decision. Also consider the fees and charges involved before investing. All fees and expenses incurred by the Fund is subject to any applicable taxes and/or duties as may be imposed by the government or other authorities from time to time. The prices of units and distribution made, if any, may go down as well as up. Past performance of the Fund is no indication of its future performance. Units are issued upon receipt of a duly completed account opening and transaction forms referred to and accompanying a copy of the Prospectus. In the event that there is any discrepancy of information between the factsheet and the Prospectus, the information in the Prospectus shall prevail. Where unit trust loan financing is available, investors are advised to read and understand the contents of the unit trust loan financing risk disclosure statement before deciding to borrow to purchase units. Where a unit split/distribution is declared, investors are advised that following the issue of additional units/distribution, the 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 should be highlighted of the fact that the value of their investment in Malaysian Ringgit will remain unchanged after the distribution of the additional units. The Manager wishes to highlight the specific risks for the Fund are market risk, credit/default risk, interest rate risk, liquidity risk and specific stock risk. These risks and other general risks are elaborated in the Prospectus.