InterPac Dana Safi Fund Report - November 2017

Transcription

1. INTERPAC DANA SAFI (November 2017) 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 30 Nov 2017 ) AGGRESSIVE – Investors who seek higher capital gain with long term investment horizon. FUND DETAILS Unit NAV (30 November 2017) Fund Size (30 November 2017) Fund Category (Lipper) Fund Type Fund Inception Offer Price at Inception Annual Fee Trustee Fee Exit Fee Initial Charge Redemption Payment Period Distribution Frequency RM0.5461 RM 16,091,096.00 Mixed Asset MYR Flexible Growth (Shariah) 25 July 2007 RM0.2500 1.00% p.a. of NAV 0.07% of the NAV of the Fund or a minimum of RM18,000 p.a. Up to 5% NIL Up to 10 days Incidental. MANAGER’S COMMENTS The ringgit appreciated 3.5% month-on-month (MoM) against the US dollar to RM4.0895 in September. Year-to-date, the ringgit was the third best performing currency against the US dollar, appreciating 9.7%. Crude oil prices strengthened in November for the third consecutive month, with WTI crude and Brent crude rising 5.6% and 3.6% MoM to USD57.40 per barrel and USD63.57 per barrel respectively. Meanwhile, spot prices of crude palm oil fell 11.2% to RM2,473.50 per tonne. Source : Lipper for Investment Management, 30/11/2017 PERFORMANCE TABLE (as at 30 Nov 2017) Period1 Fund 1 mth 3 mth 6 mth 1 yr Inception -9.17 -7.91 5.89 42.44 118.44 Source : Lipper for Investment Management, 30/11/2017 SECTOR ALLOCATION* (as at 30 Nov 2017) * As a percentage of NAV 4 1 3 2 Malaysia’s Index of Industrial Production increased by 4.7% in September. The increase was driven by positive growth in all sectors – Manufacturing (5.7%), Electricity (2.2%), Mining (2.1%). The expansion in manufacturing output was due mainly to higher growth in major sub-sectors – Electrical and Electronics Products (6.6%), Petroleum, Chemical, Rubber and Plastic Products (4.9%), and Food, Beverages and Tobacco (8.0%). Meanwhile, mining sector output increased due to an increase of 0.7% and 3.9% in the index for Crude Oil and Natural Gas respectively. In September, Malaysia’s export grew 14.8% YoY, underpinned by electrical and electronic products (+17.7%), refined petroleum products (+13.2%), and liquefied natural gas (+8.2%). Meanwhile, imports grew 15.2%. 1 Technology % 34.68 2 Industrial Products 28.74 3 Trading/Services 23.32 4 Consumer Products 10.86 LARGEST HOLDINGS* (as at 30 Nov 2017) * As a percentage of NAV 1 Elsoft Research Bhd 2 Visdynamics Holdings Bhd 3 Tex Cycle Technology (M) Bhd DISCLAIMER: Based on the fund’s portfolio returns as at 31 October 2017. The Volatility Factor (VF) for this fund is 12.53 and is classified as “Very High” (source: Lipper). “Very High” includes funds with VF that are above 10.735. 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 23 July 2017 has been registered with the Securities Commission who takes no responsibility for their contents. The Prospectus is available at our office and branches of Inter-Pacific Asset Management Sdn. Bhd. Please read and understand the contents of the Prospectus. The prices of units and distribution made, if any, may go down as well as up. Also consider the fees and charges involved before investing. Past performance of the Fund is no indication of its future performance. Units are issued upon receipt of a duly completed application form referred to in and accompanying 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 equities investment risks such as market risk, credit/default risk, interest rate risk, liquidity risk, manager risk and specific stock risk. These risks and other general risks are elaborated in the Master Prospectus.