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Libra ASnitaBond Fund Report - March 2018

IM Insights
By IM Insights
4 years ago
Libra ASnitaBond Fund Report - March 2018

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  1. Libra ASnitaBOND Fund | Fixed Income Libra ASnitaBOND Fund (the “Fund”) is an open-ended unit trust fund with a short* to medium** term investment horizon, which invests primarily in highly liquid, near cash instruments and sukuk. * Less than 1 year ** 1-3 years (1) Investment Objective 1 2 The Fund aims to provide capital preservation with regular income over the short to mediumterm period by investing in Islamic money market instruments and sukuk. Note: 1 Unit Holders are to note that this is not a capital guaranteed nor protected Fund. Unit Holders’ capital is is neither guaranteed nor protected. 2 All income distribution will be automatically reinvested into additional Units. Investment Strategy The Fund adopts an investment strategy which will provide returns comparable to that of shortterm Islamic money market deposits, and at the same time preserve the Fund’s principal value and maintain a high degree of liquidity. Fund Information Management Company – Libra Invest Berhad Inception Date – 18 March 2005 Entry Fee – Up to 5.00% of the NAV per unit Management Fee – 1.15% p.a. of the Fund’s NAV Trustee Fee – 0.07% 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) – CIMB Islamic Trustee Berhad Investor Profile Conservative investors who are looking for a relatively stable Shariah-compliant investment with potentially higher returns than traditional bank deposits; Short to medium-term investors seeking exposure to the wholesale sukuk market which is not easily accessible to retail investors; Investors who need to use their money only in the near term or as an emergency fund; and Investors who want to enjoy possible above-average Islamic fixed deposit return while waiting for an opportunity to invest into a Shariah-compliant equity fund. Asset Allocation The Fund shall invest in the following asset classes: Asset Class Asset Allocation (% of Fund’s NAV) Sukuk Minimum 70% Cash, Islamic Deposits and other Islamic Liquid Assets Minimum 2% Recommended investment horizon: 3 to 5 years
  2. Libra ASnitaBOND Fund | Fixed Income As at 31 March 2018 Allocation & Top Holdings Asset Allocation Top Holdings 1 Power 44.64% 2 Industrial/Manufacturing 21.70% 3 Transportation 4 5 1 Quantum Solar Park (Semenanjung) Sdn Bhd 12.01% 2 Southern Power Generation Sdn Bhd Toll Roads 8.12% 3 Malaysia Airports Holdings Berhad Trading/Services 7.58% 4 DRB-Hicom Berhad 6 Construction 1.72% 5 Cahya Mata Sarawak Berhad 7 Liquid Assets 4.23% Asset Allocation Fund Performance (5 Years) Performance Record Libra ASnitaBOND Benchmark* Income Distribution Record 1-Year 3-Year 5-Year 2009 1.92 sen per unit 4.15 16.00 26.05 2010 2.00 sen per unit 17.95 2011 4.13 sen per unit 2013 3.00 sen per unit 2014 2.50 sen per unit 2015 3.00 sen per unit 2016 2.80 sen per unit 2017 2.50 sen per unit 3.16 10.74 Source: Lipper *With effect from 1 July 2016, the Fund’s benchmark has been changed from Maybank’s 6-month GIA-I Tier 1 rate to Maybank’s 12-Month Islamic Fixed Deposit-i rate. Highest & Lowest NAV since 1/4/2017 Price Date Highest RM 0.6325 8 Sep 2017 Lowest RM 0.6077 12 Sep 2017 Current RM 0.6199 31 Mar 2018 Disclaimer: (1) Based on the Fund’s portfolio returns as at 15 March 2018, the Volatility Factor (VF) for this Fund is 1.55 and is classified as “Very Low” (Source: Lipper). “Very Low” includes funds with VF that are less than or equal to 1.785. 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. Investors are advised to read and understand the content of the Master Prospectus (“MP”) dated 22 March 2017 before investin g. The MP has been registered with the Securities Commission Malaysia, which takes no responsibility for its contents. A copy of the MP can be obtained from the head office of Libra Invest Berhad (“LIB”) or its centre. A soft copy of the MP can also be downloaded from the LIB website. Units will only be issued upon receipt of an application form accompanying the MP. The price of units and income distribution, if any, may go up or down. Investors should consider the fees, charges and risk factors (such as market risk, country risk, currency risk, sectorial risk, interest rate risk, credit/default risk, liquidity risk, warrant risk and structured product risk) involved. 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. A Product Highlights Sheet (PHS) is available and investors have the right to request for a PHS. The PHS and any other product disclosure document should be read and understood by investors before making any investment decision. The opinions and information contained herein are strictly for information purposes only and are subject to change without notice. They are not to be construed as any recommendation, offer, invitation or solicitation to deal, buy or sell securities, financial instruments or funds mentioned herein. The opinions expressed herein, if any, do not constitute investment advice and independent advice should be sought, where appropriate. LIB does not warrant the accuracy of anything stated here in any manner whatsoever and no reliance upon such statement by anyone shall give rise to any claim whatsoever against LIB. Past performance of the Fund is no indication of future performance.