OPUS Shariah Income Plus Fund Report - June 2022

Transcription

1. OPUS SHARIAH INCOME PLUS FUND (OPUS SIPF) Performance Data & Analytics as at 30 June 2022 FUND OBJECTIVE The fund seeks to achieve higher returns than Maybank 12-month Islamic fixed deposit rate over the medium to long term, while preserving capital* and providing an opportunity for income. Note: * Opus SIPF is neither a capital guaranteed fund nor a capital protected fund. Any material change to the investment objective of the fund will require Unit Holders' approval. FUND INFORMATION Source: Bloomberg, Opus Asset Management Sdn Bhd Fund Inception 21 Nov 2019 Trustee SCBMB Trustee Berhad Financial Year End 30 June Fund Type / Category Income / Sukuk Fund Currency Ringgit Malaysia Benchmark (%) Benchmark Maybank 12-Month Islamic Fixed Deposit Rate YEARLY PERFORMANCE NAV per Unit RM0.9712 Fund Size RM4.47 million CUMULATIVE PERFORMANCE Fund (%) YTD 1 Month 3 Months 6 Months 1 Year Since Inception Annualised Since Inception (%p.a.) (1.85) (0.03) (1.64) (1.85) (1.78) 1.34 0.51 0.95 0.17 0.49 0.95 1.88 5.45 2.05 2019 (Nov-Dec) 2020 2021 2022 YTD Fund (%) 0.46 4.72 (1.86) (1.85) Benchmark (%) 0.34 2.22 1.85 0.95 FEES, CHARGES AND EXPENSES Income Distribution (Sen/Unit) - 3.95 0.40 - Management Fee Distribution Yield (%) - 4.00 0.39 - Trustee Fee Sales Charge Redemption Price Date Redemption Payment Period Up to 0.85% per annum of the NAV of the fund 0.025% per annum of the NAV of the fund, subject to a min of RM12,000 p.a Up to 2.00% of the NAV per unit T day (before 4pm every business day) Source: Bloomberg, 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 24 Jun 2020 28 Sep 2020 23 Dec 2020 24 Sep 2021 1.10 1.40 1.45 0.40 Within 10 calendar days TOP HOLDINGS* TOP 5 HOLDINGS Rating % 1. Sinar Kamiri 5.28% 30.01.24 AA- 11.6% 2. Zamarad TR2 4.45% 26.07.24 AAA 11.5% 3. DUKE3 5.64% 22.08.31 AA- 11.2% 4. Digi 3.60% 20.09.29 AAA 10.6% 5. Zamarad TR1 5.00% 27.03.26 AAA 9.2% TRANSACTION DETAILS Minimum Initial Investment RM1,000 Minimum Additional Investment RM100 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 4.2 years 4.38% 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 PLUS FUND Performance Data & Analytics as at 30 June 2022 MANAGER'S COMMENT: Global   fixed   income   investors   were   torn   between   stubborn   US  inflation  and  the  increasing  possibility  of  recession,  with  yield  movements  swinging  as the  narrative  shifts  between  inflation  and  recession.  However,  we  expect  domestic  sukuk  yields  to  remain  capped  by  Malaysia’s  rising but still moderate inflation   outlook   with   a   further   boost   to   sukuk   market   sentiment  possible  following  Standard  &  Poor  (S&P)’s  upward  revision  of  Malaysia’s  sovereign rating   outlook   from   negative   to   stable. We   opine   that   despite   on-going   volatility   in   sukuk   markets   over   elevated  inflation  and  the  threat  of  recession,  sukuk  market  yields  are  probably  at  its peak.   Yields   previously   rose   on   higher   yielding   sukuk,   in   line   with   the   strategy   of   increasing   the   running   yield   of  the  portfolio  to  4.5%  -  5.0%,  while keeping   duration   at   4   –   5   years.   We   remain   overweight   on   corporate   sukuk   in   view   of   the   Malaysian   economic   recovery,   and   target   at   least   80% allocation    to    corporate    sukuk.    We    will   also   take   the   opportunity   to   trade   on   government   sukuk   as   we   see   increasing   signs   of   a   global   economic slowdown. Note: The information contain in the fund fact sheet is derived from internal data of Opus Asset Management Sdn Bhd unless otherwise stated. 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  any  securities.  A  copy  of the  Prospectus  and  its  supplementary(ies)  (if  any)  (collectively,  the  “Prospectus”)  and  Product  Highlights  Sheet  (“PHS”)  can  be  obtained  from  Opus  Asset  Management  Sdn  Bhd  or  from  any of our approved  distributors.  Past  performance  of  the  Fund  is  not  reflective  of  future  performance  and  income  distribution  is  not  guaranteed.  Investors  are  advised  to  read  and  understand the contents of  the  Prospectus  which  has  been  registered  and  the  PHS  which  has  been  lodged  with  the  Securities  Commission  Malaysia,  who  take  no  responsibility  for  its  contents before investing. Application of   Units  can  only  be  made  upon  receipt  of  an  application  form  referred  to  herein  and  accompanying  the  Prospectus  and  PHS.  Investors  should  also  consider  the  fees  and  charges  involved  before investing.   The   Fund   may  not  be  suitable  for  all  and  if  in  doubt,  investors  should  seek  professional  adviser.  In  the  event  that  there  is  a  discrepancy  of  information  between  the  fact  sheet,  and  the Prospectus,   the   information   in   the   Prospectus   shall   prevail.   Opus   Asset   Management   Sdn   Bhd   and   its   employees   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