OPUS Shariah Income Fund Report - July 2022

Transcription

1. OPUS SHARIAH INCOME FUND (OPUS SIF) 4.1 Very Low Performance Data & Analytics as at 31 July 2022 30 Jun 22 FUND OBJECTIVE To achieve higher returns than the benchmark over the medium to long term*, while preserving capital** and providing opportunity for income. Note: *The Manager regards 3-5 years as medium term and more than 5 years as long term. Note: **Opus SIF is neither a capital guaranteed fund nor a capital protected fund. FUND INFORMATION Fund Inception 20 Sep 2013 Trustee CIMB Commerce Trustee Berhad Financial Year End 30 June Fund Type / Category Not Applicable Fund Currency Ringgit Malaysia Source: Opus Asset Management Sdn Bhd CUMULATIVE PERFORMANCE Fund (%) Benchmark (%) Benchmark Maybank 12-Month Islamic Fixed Deposit Rate NAV per Unit RM0.9927 Fund Size RM47.77 million FEES, CHARGES AND EXPENSES Management Fee Up to 1.00% per annum of the NAV of the Fund Trustee Fee Up to 0.05% per annum of the NAV of the Fund, subject to minimum of RM12,000 p.a. Nil Sales Charge Redemption Price Date T+4 business day Redemption Payment Period Within 10 business days YTD 1 Month 3 Months 6 Months 1 Year 3 Years 5 Years Since Inception Annualised Since Inception (%p.a.) (0.32) 1.29 1.88 (0.30) (2.34) 2.95 17.06 35.34 3.47 1.14 0.19 0.53 0.98 1.92 6.65 13.72 28.78 2.89 YEARLY PERFORMANCE 2013 (Sep-Dec) 2014 2015 2016 2017 2018 2019 2020 2021 2022 YTD Fund (%) 0.41 3.86 3.78 4.31 4.53 4.57 8.99 4.36 (3.26) (0.32) Benchmark (%) 0.87 3.24 3.39 3.32 3.11 3.33 3.19 2.22 1.85 1.14 Income Distribution (Sen/Unit) - 0.30 2.82 9.45 4.00 3.65 5.65 5.25 0.65 0.33 Distribution Yield (%) - 1.04 2.87 7.09 3.72 3.67 5.78 4.94 0.62 0.33 Source: Opus Asset Management Sdn Bhd The yield of the distribution are calculated based on the total distribution payout divided by the average NAV of the calendar year. MOST RECENT INCOME DISTRIBUTION Sen / Unit 23 Dec 2020 26 Jan 2021 27 Aug 2021 24 Sep 2021 21 Jan 2022 25 Mar 2022 0.20 0.25 0.20 0.20 0.25 0.08 TOP HOLDINGS* TRANSACTION DETAILS Minimum Initial Investment RM250,000 Minimum Additional Investment RM10,000 TOP 5 HOLDINGS Rating % 1. DANGA CAP BHD 4.88% 29.01.30 AAA 6.5% 2. Maybank B3 AT1 4.08% Perp (FC 25.09.24) AA3 6.4% 3. Sabah Credit Corp 4.85% 22.12.26 AA1 5.4% 4. Press Metal 4.10% 17.10.24 AA3 5.3% 5. Zamarad TR2 4.60% 24.07.26 AAA 5.2% PORTFOLIO POSITION Portfolio Duration Opus Asset Management Sdn Bhd [199601042272 (414625-T)] B-19-2, Northpoint Offices Mid Valley City No. 1, Medan Syed Putra Utara 59200 Kuala Lumpur Tel No: +603-2288 8833 (Client Services) Website: www.opusasset.com Investor Portal: touch.opusasset.com Portfolio Yield (Market) Average Rating 4.5 years 4.29% AA1 ** Non Rated–Government Guaranteed *The data provided above is that of the Fund and is a percentage of NAV. All figures are subject to frequent changes on a daily basis. The total for Sector Allocation and Credit Profile might not add up to 100% due to rounding. Note: The information contain in the fund fact sheet is derived from internal data of Opus Asset Management Sdn Bhd unless otherwise stated. Page 1 of 2
2. OPUS SHARIAH INCOME FUND Performance Data & Analytics as at 31 July 2022 MANAGER'S COMMENT: As   central   banks   embark   on   a   synchronized   interest   rate  hikes  to  tackle  inflation,  this  also  increases  the  risk  of  economic  slowdown  and  recession.  As such,  we  are  likely  to  see  the  narrative  of  high  inflation  turning  to  growth  concerns  in  the  2nd  half  of  2022.  The  sukuk  market  is  expected  to  show more flattening,   where   long   end   shift   downwards   to   reflect   slower   growth   expectation.   The   short   end   will   remain   anchored   at   current   levels   which   has already    priced    in    multiple    rate   hikes.   However,   we   still   expect   bouts   of   volatility   with   risk   of   policy   mistakes   as   central   banks   are   faced   with   the mounting   task   of   balancing   elevated   inflation   and   threat   of   recession. We   remain   with   our   strategy  of  increasing  the  running  yield  of  the  portfolio  while  yields  remain  attractive,  while  keeping  duration  at  4  –  5  years,  which balances   the   risk   of   volatility.   We   aim   to  increase  the  running  yield  by  investing  in  good  quality  corporate  sukuk  without  taking  too  long  duration.  We may also allocate around 10% - 20% in government sukuk if we see trading opportunities. Note: The information contain in the fund fact sheet is derived from internal data of Opus Asset Management Sdn Bhd unless otherwise stated. Based  on  the  Fund's  portfolio  returns  as  at  30  June  2022,  the  Volatility  Factor  (VF)  for  this  Fund  is  4.1  and  is  classified  as  "Very  Low"  (source:  Lipper).  "Very  Low"    includes  funds  with  VF  that  are not   more   than   4.1900.  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. Disclaimer:   This   fact   sheet   is   prepared   for   information   purposes   only.   While   reasonable   care   has   been   taken   to   ensure   that  the  stated  facts  are  accurate  and  reasonable,  neither  Opus  Asset Management   Sdn   Bhd   nor  its  sources  guarantee  that  it  is  accurate  or  complete  and  should  not  be  relied  upon  as  such.  This  fact  sheet  is  not  an  offer  or  invitation  to  subscribe  or  purchase  of  any units.   Units   of   the   Fund   can   only   be   purchased   by   Sophisticated   Investor   ("Investor")   as   stated   in  the  Information  Memorandum  and  its  supplementary(ies)  (if  any)  including  other  guidelines issued  by  the  Securities  Commission  Malaysia  (SC)  from  time  to  time.  A  copy  of  the  Information  Memorandum  and  its  supplementary(ies)  (if  any),  can  be  obtained  from  Opus  Asset  Management Sdn   Bhd   or  from  any  of  our  approved  distributors.  Past  performance  of  Fund  is  not  reflective  of  future  performance  and  income  distribution  is  not  guaranteed.  Investors  are  advised  to  read  and understand  the  contents  of  the  Information  Memorandum  and  its  supplementary(ies)  (if  any),  which  have  been  lodged  with  the  SC  who  takes  no  responsibility  for  its  contents, before subscribing to  the  investment  scheme.  The  Fund  may  not  be  suitable  for  all  and  if  in  doubt,  Investors  should  consult  a  professional  adviser.  In  the  event  that  there  is  a discrepancy of information between the fact    sheet,    Information    Memorandum    and    its    supplementary(ies)    (if    any),    the    information   in   the   Information   Memorandum   and   its   supplementary(ies)   (if   any),   shall   prevail.   Opus   Asset Management Sdn Bhd and its employee accept no liability whatsoever for any damages suffered as a result of using, modifying, copying and distributing any information from this fact sheet. Opus Asset Management Sdn Bhd [199601042272 (414625-T)] B-19-2, Northpoint Offices, Mid Valley City, No. 1, Medan Syed Putra Utara, 59200 Kuala Lumpur Tel No: +603-2288 8833 (Client Services) Website: www.opusasset.com Investor Portal: touch.opusasset.com Page 2 of 2