Libra SyariahEXTRA Fund Report - October 2018

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1. Libra SyariahEXTRA Fund | Balanced (Shariah) 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 Shariah-compliant 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 – Libra Invest Berhad Inception Date – 12 March 1996 (Re-launch Date : 2 January 2003) 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. Libra SyariahEXTRA Fund | Balanced (Shariah) As at 31 October 2018 Allocation & Top Holdings Top Holdings Asset Allocation Asset Allocation 1 Power 17.34% 1 Tenaga Nasional Berhad 2 Construction 10.88% 2 Mudajaya Corporation Berhad 3 Industrial/Manufacturing 9.25% 3 Tanjong Bin O&M Berhad 4 Toll Roads 4.06% 4 Yinson Holdings Berhad 5 Energy 3.53% 6 Utilities 3.14% 5 Scicom (MSC) Berhad 7 Healthcare 3.04% 8 Consumer Products 2.94% 9 Technology 10 Liquid Assets 2.22% 43.60% Fund Performance (5 Years) Income Distribution Record Performance Record 1-Year 3-Year 5-Year Libra SyariahEXTRA -4.41 9.98 19.02 SE Benchmark* -3.42 2.80 5.03 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”. Highest & Lowest NAV since 1/11/2017 Price Date Highest RM 0.3219 10 Jan 2018 Lowest RM 0.2829 30 Oct 2018 Current RM 0.2848 31 Oct 2018 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 Unit Split 2003 1:1.2425 (24.25%) Disclaimer: (1) Based on the Fund’s portfolio returns as at 15 October 2018, the Volatility Factor (VF) for this Fund is 4.48 and is classified as “Low” (Source: Lipper). “Low” includes funds with VF that are above 1.785 and less than or equal to 6.615. 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 Replacement Master Prospectus (“RMP”) dated 31 May 2018 before investing. The RMP has been registered with the Securities Commission Malaysia, which takes no responsibility for its contents. A copy of the RMP can be obtained from the head office of Libra Invest Berhad (“LIB”) or its centre. A soft copy of the RMP can also be downloaded from the LIB website. Units will only be issued upon receipt of an application form accompanying the RMP. 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 ar e 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.