Manulife Investment Shariah Progress Fund Report - March 2020

Transcription

1. Monthly Review March 2020 10 .0 high Manulife Investment Shariah Progress Fund 11 Feb 20 FUND REVIEW & STRATEGY FUND TYPE / CATEGORY Equity (Islamic) SINCE INCEPTION PERFORMANCE AS AT 29 FEBRUARY 2020 * 150% FUND OBJECTIVE The Fund seeks to provide Unit Holders with steady long-term capital growth at a reasonable level of risk by investing in a diversified portfolio of small- to medium-capitalised Shariahcompliant equities and equity-related instruments. INVESTOR PROFILE The Fund is designed for investors who are willing to accept a high level of risk and seek capital appreciation and have a low income stream requirement. Have a long-term investment horizon. FUND MANAGER Affin Hwang Asset Management Berhad 199701014290 (429786-T) TRUSTEE RHB Trustees Berhad 200201005356 (573019-U) FUND DETAILS (As At 29 February 2020) NAV/Unit RM 0.3421 Fund Size RM 434.99 mil Units In Circulation 1271.63 mil 20 Apr 2011 Fund Launch Date 11 May 2011 Fund Inception Date 30 Apr Financial Year Currency Management Fee Trustee Fee RM Up to 1.5% of NAV p.a. Up to 0.08% of NAV p.a. or a minimum RM18,000 p.a. Sales Charge Redemption Charge Distribution Frequency Benchmark Up to 6.5% of NAV per unit Nil Incidental, if any 50% of the FTSE Bursa Malaysia Small Cap Index + 50% of the FTSE Bursa Malaysia Mid 70 Index 100% 50% 0% ‐50% Apr‐11 Oct‐11 Apr‐12 Oct‐12 Apr‐13 Oct‐13 Apr‐14 Oct‐14 Apr‐15 Oct‐15 Apr‐16 Oct‐16 Apr‐17 Oct‐17 Apr‐18 Oct‐18 Apr‐19 Oct‐19 Fund Benchmark The manager will remain defensive & nimble by maintaining high cash levels. The manager is constantly on the look out for bottom-up picks as market selldown stabilises, preferring companies with resilient earnings/cashflows and solid management at reasonable valuation. TOTAL RETURN OVER THE FOLLOWING PERIODS ENDED 29 FEBRUARY 2020 * Fund Class RM (%) Benchmark in RM (%) 1-Month 6-Month YTD 1-Year 3-Year 5-Year Since Inception -2.56 -4.87 0.26 -4.40 -4.20 -9.71 2.61 -3.05 2.99 -13.28 4.94 -14.42 107.50 25.21 2018 -18.71 -26.49 2019 12.23 16.86 CALENDAR YEAR RETURNS * 2015 2016 2017 5.70 -1.21 25.47 Fund Class RM (%) 3.33 -4.24 19.65 Benchmark in RM (%) *Source: Lipper; Past performance is not necessarily indicative of future performance. The performance is calculated on NAV-to-NAV basis. TOP 5 HOLDINGS No. 1 2 3 4 5 ASSET/ SECTOR ALLOCATION Security Name AXIS REAL ESTATE INVESTMENT TRUST SUNWAY BERHAD GHL SYSTEMS BERHAD JHM CONSOLIDATED BERHAD SCIENTEX BHD % NAV 5.4 4.5 3.4 3.2 3.1 HIGHEST & LOWEST NAV 2017 0.4168 0.3586 High Low 2018 0.4289 0.3131 2019 0.3583 0.3171 No. 1 2 3 4 5 6 7 8 9 10 Asset/ Sector Name CASH EQUIVALENT IND PROD & SERV ENERGY TECHNOLOGY PROPERTIES REITS CONSUMER PROD & SERV HEALTH CARE CONSTRUCTION OTHERS % NAV 21.4 18.8 14.0 11.7 7.9 7.5 6.5 4.4 3.7 4.2 COUNTRY/ TERRITORY ALLOCATION DISTRIBUTION BY FINANCIAL YEAR Distribution (Sen) Distribution Yield (%) 2017 2.85 7.7 2018 2.30 5.8 2019 - No. Country Name 1 MALAYSIA 2 CASH EQUIVALENT % NAV 78.6 21.4 Based on the Fund's portfolio returns as at 31 Jan 2020 the Volatility Factor (VF) for the Fund (RM Class) is as indicated in the table above and are classified as in the table (source: Lipper). "Very High" includes Funds with VF that are above 11.065, "High" includes Funds with VF that are above 8.810 but not more than 11.065, "Moderate" includes Funds with VF that are above 6.110 but not more than 8.810, "Low" includes Funds with VF that are above 1.755 but not more than 6.110 and "Very Low" includes Funds with VF that are above 0.000 but not more than 1.755 (source:FiMM). The VF means there is a possibility for the Funds 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 Funds 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 contents of the Master Prospectus dated 7 February 2020 for 23 Funds (collectively, the “Offering Documents”), obtainable at our offices, before investing. The Offering Document has been registered with the Securities Commission Malaysia who takes no responsibility for its contents. Investors should consider the fees and charges involved. The price of units and income distribution may go down as well as up. Past performances of the Funds are not an indication of the Funds' future performances. 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 the pre-unit split NAV/cum-distribution NAV to post-unit split NAV/ex-distribution NAV; and where a unit split is declared, the value of your investment in the Fund’s denominated currency will remain unchanged after the distribution of the additional units. Units will only be issued on receipt of the completed application form referred to and accompanying the Offering Document. There are risks involved with investing in unit trust funds; wholesale funds and/or Private Retirement Schemes. Some of these risks associated with investments in unit trust funds; wholesale funds and/or Private Retirement Schemes are interest rate fluctuation risk, foreign exchange or currency risk, country risk, political risk, credit risk, non-compliance risk, counterparty risk, target fund manager risk, liquidity risk and interest rate risk. For further details on the risk profile of all the funds, please refer to the Risk Factors section in the Offering Document. Investors are also advised to read and understand the contents of the “Unit Trust Loan Financing Disclosure Statement” before deciding to obtain loan financing to purchase units of the Funds. All fees and charges (e.g. sales charge, switching fee, transfer fee, management fee, trustee fee and any other relevant fee(s) and/or charge(s)), where applicable, may be subject to tax that may be introduced by the Government of Malaysia from time to time, at the prevailing rate. The Manager, the Trustee and/or other services provider reserves the right to collect from you and/or the fund an amount equivalent to the prevailing rate of tax payable for all fees and charges, where applicable. Your obligation to pay any applicable taxes shall form part of the Terms and Conditions.