Kenanga SyariahEXTRA Fund Report - November 2019

Transcription

1. Kenanga SyariahEXTRA Fund (formerly known as Libra SyariahEXTRA Fund) | Balanced (Islamic) Kenanga SyariahEXTRA Fund (formerly known as Libra SyariahEXTRA Fund) (the “Fund”) is an open-ended unit trust fund investing in a blend of quoted Shariah-compliant equities, sukuk and other Islamic money market instruments and Islamic futures contracts for hedging purpose only (the Islamic futures contracts are used to manage one’s exposure to unexpected price fluctuations in the Shariahcompliant equity and sukuk markets).Its key performance is entirely in search of consistent absolute returns over the medium to long-term investment horizon. Investment Objective The Fund aims to provide investors with medium* to long-term** capital appreciation through investments in specified asset classes by adopting a relatively balanced approach towards equities and fixed income exposure based on the Shariah principles. The Fund aims to achieve capital growth with lower short-term volatility than is normally associated with a pure equity fund. * 1 – 3 years ** Above 3 years Investment Strategy The Fund’s key performance is entirely in search of consistent absolute returns, over the medium to long-term investment horizon. Fund Information Management Company – Kenanga Investors Berhad Inception Date – 12 March 1996 Entry Fee – Up to 5.00% of the NAV per unit Management Fee – 1.50% p.a. of the Fund’s NAV Trustee Fee – 0.06% p.a. of the Fund’s NAV. Exit Fee – Nil Min Initial Investment – RM5,000 Min Additional Investment – RM200 for regular investor and RM1,000 for non-regular investor Trustee(s) – Maybank Trustees Berhad Investor Profile  Investors who place high importance in ensuring that the monetary value of their investment retains its purchasing power, through steady absolute capital growth and income, over the medium to long term period, at a moderate level of risk; and  Investors who are seeking to invest in a balanced portfolio of quoted Shariah-compliant equities and sukuk, but do not have the time or expertise to monitor their investment or to make the tactical call to enter or swap one asset class to the other at the appropriate times. Asset Allocation The Fund shall invest in the following asset classes: Asset Class Asset Allocation (% of Fund’s NAV) Quoted Shariah-Compliant Equities & Equity-Related Securities 40% to 60% Sukuk (Minimum P3 or BBB3 by RAM or equivalent rating by other rating agencies) and Islamic Liquid Assets 40% to 60% Islamic Liquid Assets Minimum 2% Recommended investment horizon: Above 5 years (1)
2. Kenanga SyariahEXTRA Fund (formerly known as Libra SyariahEXTRA Fund) | Balanced (Islamic) As at 30 November 2019 Allocation & Top Holdings Top Holdings Asset Allocation Asset Allocation 1 Construction 11.74% 1 Gamuda Bhd (Fixed Income) 2 Energy 9.97% 2 Digi Telecommunications (Fixed Income) 3 Telecommunications 8.36% 3 Yinson Holdings Bhd 4 Industrial/Manufacturing 7.80% 5 Utilities 6.69% 4 Sime Darby Bhd 6 Technology 6.42% 5 Anih Bhd (Fixed Income) 7 Consumer Products 6.31% 8 Toll Roads 4.73% 9 Power 2.22% 10 Real Estate Investment Trust 0.85% 11 Healthcare 0.81% 12 Finance 13 Liquid Assets Sdn Bhd 0.65% 33.45% Fund Performance (5 Years) Income Distribution Record Performance Record 1-Year 3-Year 5-Year Kenanga SyariahEXTRA Fund (Libra SyariahEXTRA Fund) 13.03 21.39 24.88 SE Benchmark* 1.44 3.79 2.78 Source: Lipper *With effect from 1 July 2016, the Fund’s benchmark has been changed from a composite benchmark comprising “50% of the FBM EMAS Shariah Index and 50% of the Maybank’s 12-month GIA-i rate” to “50% of the FBM EMAS Shariah Index and 50% Maybank’s 12 Month Islamic Fixed Deposit-i rate”. 2003 3.01 sen per unit 2004 1.27 sen per unit 2006 2.55 sen per unit 2017 1.50 sen per unit 2018 1.50 sen per unit Highest & Lowest NAV since 1/12/2018 Kenanga Investors Berhad Company No: 199501024358 (353563-P) Level 14, Kenanga Tower 237, Jalan Tun Razak 50400 Kuala Lumpur Tel : 03-2172 3000 Toll Free : 1800-88-3737 www.kenangainvestors.com.my Price Date Highest RM 0.3247 19 Nov 2019 Lowest RM 0.2736 18 Dec 2018 Current RM 0.3184 29 Nov 2019 Unit Split 2003 1:1.2425 (24.25%) Disclaimer: (1) Based on the Fund’s portfolio returns as at 10 November 2019, the Volatility Factor (VF) for this Fund is 5.23 and is classified as “Low” (Source: Lipper). “Low” includes funds with VF that are above 1.885 and less than or equal to 6.455. 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. The Master Prospectus dated 30 November 2019 and the Supplemental Prospectus (if any), its Product Highlights Sheets (“PHS”) or Supplemental Disclosure Document (“SDD”) (if any) have been registered with the Securities Commission Malaysia, who takes no responsibility for its contents. A copy of the Master Prospectus, Supplemental Prospectus (if any), SDD (if any) and the PHS are obtainable at our offices. Application for Units can only be made on receipt of application form referred to in and accompanying the Master Prospectus and/or Supplemental Prospectus (if any), SDD (if any) and PHS. Investors are advised to read and understand the Master Prospectus, its PHS and any other relevant product disclosure documents involved before investing. Investors are also advised to consider the fees and charges before investing. Unit prices and distributions 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 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 note that the value of their investment in Malaysian Ringgit will remain unchanged after the distribution of the additional units. A Fund’s track record does not guarantee its future performance. In vestors are advised to read and understand the contents of the unit trust loan financing risk disclosure statement before deciding to borrow to purchase units. "Cooling-Off Period" or "CoolingOff Right" is not applicable to EPF Member Investment Scheme (EPF MIS). Kenanga Investors Berhad is committed to preventing Conflict of Interest between its various businesses and activities and between its clients / directors / shareholders and employees by having in place procedures and measures for identifying and properly managing any apparent, potential and perceived Conflict of Interest by making disclosures to Clients, where appropriate. The Manager wishes to highlight the specific risks of the Fund are credit/default risk, liquidity risk, interest rate risk, market risk and inflation/purchasing power risk.