Principal Islamic Asia Pacific Dynamic Equity Fund Report - October 2021

Transcription

1. Principal Islamic Asia Pacific Dynamic Equity Fund 3-year Fund Volatility 16 .17 31 October 2021 High Lipper Analytics 15 Oct 2021 Available under the EPF Members Investment Scheme. Fund Objective Fund Performance Aims to achieve long-term capital appreciation and income while complying with Shariah investment criteria, through investments in the emerging and developed markets of Asia Pacific ex Japan region. Currency: MYR 190% 170% 150% 130% 110% 90% ISIN Code: MYU1000AA007 70% 50% Bloomberg Ticker: CIMAPAD MK 30% 10% - 10% Ju n0 Ja 6 n0 Au 7 g0 A 7 pr -0 N 8 ov -0 Ju 8 n0 Fe 9 b1 S 0 ep -1 M 0 ay -1 D 1 ec -1 Ju 1 l- 1 M 2 ar -1 O 3 ct -1 Ju 3 n1 Ja 4 n1 A 5 ug -1 Ap 5 r1 N 6 ov -1 6 Ju l- 1 Fe 7 b1 Se 8 pM 18 ay -1 D 9 ec -1 A 9 ug -2 M 0 ar -2 O 1 ct -2 1 Fund Information - 30% Location Malaysia Domicile Malaysia Fund Currency Ringgit Malaysia Fund Size (MYR) MYR 3.59 billion Fund Unit 4.98 billion units Fund Launch Benchmark Dealing Application Fee Management Fee Trustee Fee Unit NAV (MYR) - 50% Fund Benchmark Past performance does not guarantee future results. Asset allocation and diversification do not ensure a profit or protect against a loss. Cumulative Performance (%) 2 June 2006 MSCI AC Asia ex Japan Islamic Index Daily (as per Bursa Malaysia trading day) IUTA: 5.00% of the NAV per unit Principal Agency Distributor: 5.00% of the NAV per unit 1.80% p.a.of the NAV 0.07% p.a.of NAV MYR 0.7200 YTD Fund 6.98 Benchmark 0.38 Since 1 Month 3 Months 6 Months 1-Year 3-Year 5-Year Inception 1.29 0.31 -0.63 20.27 65.54 72.50 171.04 -1.40 -2.79 -5.37 8.39 42.37 55.70 125.24 Calendar Year Returns (%) 2020 2019 2018 2017 2016 2015 Fund 32.91 18.35 -16.76 23.93 0.47 14.87 Benchmark 22.31 17.64 -17.00 29.61 7.28 10.31 2021 Mar 2020 Sep 2020 Mar 2018 May 2017 Mar 1.28 1.18 0.86 2.01 4.50 3.50 1.24 1.14 2.38 6.71 Most Recent Fund Distributions Gross (Sen/Unit) Annualised Yield (%) 2021 Jan 7:12 Most Recent Unit Splits Ratio Note: June 2006 to October 2021. Performance data represents the combined income & capital return as a result of holding units in the fund for the specified length of time, based on bid to bid prices. Earnings are assumed to be reinvested. Annualised yield is calculated as the most recent monthly dividend distribution multiplied by the Fund’s dividend frequency and divided by the latest NAV. Source : Lipper Fund Risk Statistics Top 10 Holdings Country Taiwan % of net assets 9.07 Netherlands 7.65 Information Ratio India 7.56 1.48 United States 3.55 SK Hynix Inc South Korea 3.11 LG Chem Ltd South Korea 2.30 Cayman Islands 2.21 China 2.20 India 2.10 United States 2.09 Taiwan Semiconductor Manuf ASML Holding N.V. Reliance Industries Ltd ALPHABET INC-CL A Alibaba Group Holding Ltd LONGi Green Energy Technology Titan Co Ltd SEA LTD The holdings listed do not constitute a recommendation to purchase or sell a particular security. Cash and/or derivative positions that are not part of the core investment strategy will not be reflected in the top holdings list. Beta 0.94 Sharpe Ratio 1.19 3 years monthly data
2. Principal Islamic Asia Pacific Dynamic Equity Fund As of 31 October 2021 Sector Allocation (%) Asset Allocation (%) Regional Allocation (%) 6.65 Cash 6.65 Cash Ireland 0.56 Mutual Fund Cash 6.65 1.14 Real Estate Indonesia 2.05 Cayman Islands 2.21 1.85 Consumer Staples 7.58 Industrials Mutual Fund 0.46 Singapore 3.01 Thailand 3.05 South Korea 0.56 7.31 8.47 Energy 7.65 Netherlands 8.62 Health Care 9.43 Materials Shariah-compliant Equities (Foreign) 92.80 Communication Services 12.62 20 30 40 50 60 70 80 90 HK, China 10.02 United States 10.09 12.88 12.74 Taiw an Information Technology 10 8.47 China Consumer Discretionary 0 8.24 Australia 30.21 0 Fund 5 10 15 20 25 30 18.05 India 35 0 5 Fund 10 15 20 Fund Source: Factset. Fund holdings and allocations shown are unaudited and may not be representative of current or future investments. Percentages may not add up to 100% due to rounding and/or inclusion or exclusion of cash will not be reflected in the top holdings list. Fund Manager's Report In October, the Fund rose +1.29% in MYR terms, outperforming the benchmark by 269 contribution across countries. Year-to-date, the Fund rose +6.98%, outperforming the benchmark by 660bps. basis points (bps) with broad-based As vaccination rates continue to improve in Asia with most countries expected to approach herd immunity in the coming months, we expect economic activities to normalize decisively in 2022. The exception is China where domestic factors such as its property market slowdown and regulatory activity on various sectors play a larger role in economic growth. During the month, China focused its attention towards investigating financial regulators and banks for corruption activity. With global supply chain disruptions and energy shortage, most companies intend to pass on costs to consumers in the coming months. While inflation appears to be an issue in the near term, some of these factors should be transitory as supply chain bottlenecks improve with reopening of most economies and production facilities in 2022, allowing supply to catch up with demand. We continue to diversify our holdings across countries and businesses to improve our portfolio's resilience. During the month, we added position in renewables by trimming certain exposures where valuations are getting lofty. ^Based on the fund's portfolio returns as at 15 October 2021, the Volatility Factor (VF) for this fund is 16.170 and is classified as "High" (source: FIMM). 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 FIMM 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. We recommend that you read and understand the contents of the Master Prospectus (Islamic Funds) dated 31 December 2019, which has been duly registered with the Securities Commission Malaysia, before investing and that you keep the said Master Prospectus (Shariah-Compliant Funds) for your records. Any issue of units to which the Master Prospectus (Shariah-Compliant Funds) relates will only be made upon receipt of the completed application form referred to in and accompanying the Master Prospectus (Shariah-Compliant Funds), subject to the terms and conditions therein. Investments in the Fund are exposed to country risk, credit and default risk, currency risk, risks associated with investment in warrants and /or options and stock specific risk. You can obtain a copy of the Master Prospectus (Shariah-Compliant Funds) from the head office of Principal Asset Management Berhad or from any of our approved distributors. Product Highlight Sheet ("PHS") is available and that investors have the right to request for a PHS; and the PHS and any other product disclosure document should be read and understood before making any investment decision. There are fees and charges involved in investing in the funds. We suggest that you consider these fees and charges carefully prior to making an investment. Unit prices and income distributions, if any, may fall or rise. Past performance is not reflective of future performance and income distributions are not guaranteed. You are also advised to read and understand the contents of the Financing for Investment in Unit Trust Risk Disclosure Statement before deciding to obtain financing to purchase units. Where a unit split/distribution is declared, you 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; and where a unit split is declared, the value of your investment in Malaysian ringgit will remain unchanged after the distribution of the additional units. Carefully consider a fund's objective, risks, charges and expenses. Visit www.principal.com.my for a prospectus containing this and other information. Please read it carefully before investing. Principal Asset Management Berhad 10th Floor, Bangunan CIMB, Jalan Semantan Damansara Heights, 50490 Kuala Lumpur. Tel: (603) 2084 8888 Fax: (603) 2084 8899 Website: www.principal.com.my