TA BRIC & Emerging Markets Fund Report - October 2017

Transcription

1. TA BRIC & Emerging Markets Fund (TABRIC) 8.6 High 15 Oct 17 Pg 5 Information as at 31 October 2017 (based on NAV to NAV with distributions reinvested) Fund Objective The Fund aims to provide medium to long-term capital growth from investments in a diversified portfolio of Shariah-compliant securities of emerging market. Fund Performance TABRIC 19.42% Investor Profile Have a medium to long-term investment horizon. Have high risk tolerance. Wants to diversify their overall investment portfolio by including exposure to emerging markets. Seeks medium to long-term capital appreciation through a diversified exposure to Shariah-compliant equity and equity-related securities as well as sukuk. Investment Strategy The Fund has an active investment mandate and has the flexibility in its portfolio to move from 70% to 100% of the Fund’s NAV in Shariah-compliant equities and equity related securities in the emerging markets Fund Details NAV per unit RM 0.5310 Fund Size RM 1.49 million No of Units In Circulation 2.81 million units Fund Inception Date 25 February 2010 Financial Year End Benchmark 11.40% Cumulative Performance (%) Trustee Shariah Adviser IBFIM External Investment Opus Asset Management Manager - Sukuk Portfolio Sdn Bhd Min. Initial Investment Min. Subsequent Investment RM 1,000 RM 100 ** The financial year end for a leap year will fall on 29th February. 1 year 3 years 6.73 13.01 16.37 24.42 27.74 32.50 5 years Year To Date Since Inception 37.64 26.92 9.87 23.52 * Benchmark: MSCI BRIC Islamic Index – 70 % and Maybank 12 Month GIA Rate – 30% 19.42 11.40 Source: Lipper for Investment Management Annual Performance (%) 2016 2015 2014 2013 2012 2011 2010 Fund 12.83 3.88 -0.72 2.37 -2.04 -13.42 - Benchmark* 11.52 0.68 -7.11 -4.44 1.55 -13.84 - * Benchmark: MSCI BRIC Islamic Index – 70 % and Maybank 12 Month GIA Rate – 30% Distribution/Unit Split History 0.08% p.a of the Fund’s NAV 29/02/12 CIMB Commerce Trustee Berhad 6 months 0.59 2.34 Benchmark* 28 February** Declaration Service Charge Cash Investments - Up to 5.5% Date Management Fee 1.8% p.a of the Fund’s NAV 24/02/11 Trustee Fee 1 month Fund Gross Distribution Unit Split Nil 1:10 1.0 sen per unit Nil Fund Price History High Since Inception 12/01/11 0.5483 YTD 16/10/17 0.5383 Low Since Inception 25/06/13 0.3625 YTD 03/01/17 0.4858 * YTD: Year To Date Asset & Sector Allocation Islamic Deposits & Others 25.23% Trading and Services 4.75% Construction 5.06% Plantation 5.26% Industrial Products 6.67% Source: Lipper for Investment Management Top Ten Holdings 1 2 3 4 5 6 7 8 Alibaba Group Holding Ltd (China) Tencent Holdings Ltd (China) Kroton Educacional SA (Brazil) Novatek PJSC-Spons Gdr (Russia) Infosys Ltd-SP Adr (India) Doctor Reddy's Laboratories-ADR (India) Vale SA- SP Adr (Brazil) Felda Global Ventures Holdings Berhad (Malaysia) 9 Lukoil PJSC-Spon Adr (Russia) 10 Ekovest Berhad (Malaysia) % NAV 9.14 8.91 8.14 7.78 7.17 6.82 6.67 5.26 5.07 5.06 Geographic Allocation Technology 16.08% Islamic Deposits & Others 25.23% China 22.80% Oil & Gas 12.85% Consumer Product 9.14% Education 8.14% Pharmaceutical 6.82% Other Emerging Markets 10.32% Russia 12.85% Brazil 14.81% India 13.99% Based on the fund’s portfolio returns as at 30 June 2017, the Volatility Factor (VF) for this fund is 8.6 and is classified as “High” (source: Lipper). “High” includes funds with VF that are above 8.2 but not more than 10.7. 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. Neither the information nor any opinion expressed constitutes an offer, or an invitation to make an offer to buy or sell any securities or unit trusts. A copy of the Master Prospectus dated 1 October 2016 and a copy of the First Supplementary Master Prospectus dated 10 April 2017, have been registered with the Securities Commission Malaysia who takes no responsibility for its contents. Investors are advised to read and understand the contents of the Prospectuses, copies of which are available from our offices, authorised consultants and distributors before investing. Product Highlights 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. The price of units and distributions payable, if any, may go down as well as up. Investors should also consider the fees and charges involved and the risks when investing in the Fund such as market risk, currency risk and country risk before investing. Past performance of the Fund is no indication of its future performance. Units are issued upon receipt of a duly completed application form referred to in and accompanying the Prospectuses. 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. Investors are also advised that, where a unit split is declared, the value of their investment in Malaysian ringgit will remain unchanged after the distribution of the additional units.