PMB DANA AL-AIMAN

Category

Equity

Growth

Income

Risk

Moderate

Horizon

Long

Medium

Daily Fund Price

NAV per Unit (RM)

0.3738

Change (RM)

0.0007

Change (%)

0.1876

Closing Prices For 13 Dec 2018

*Net Aset Value (NAV) Per Unit

Objective

The objective of the Fund is to provide investors with steady return and to achieve capital growth in the medium to long term by investing in equities and fixed income securities that conform to the Shariah principles.

Financial Year End

31 May

Asset Allocation

The Fund shall invest between 70% and 99.5% of its NAV in Shariah-compliant equity and equity-related securities. The balance will be invested in Islamic money market instruments and Islamic deposit placements, Islamic debt securities and/or other permitted investments.

Investors Profile

The Fund is suitable for investors who:

  • Have a moderate risk tolerance level;
  • Have a medium to long term investment horizon;
  • Prefer a portfolio that conforms to Shariah principles; and
  • Seek for steady income return for short term and a reasonable capital growth for long term.

Principal Risk(s)

  • Equity market risk.
  • Stock specific risk.
  • Shariah status reclassification risk.

Trustee

AmanahRaya Trustees Berhad

Others

Product Highlight Sheet (PHS) 1 MB Download File

What Unit Trust Fund Are You Investing In?

  • You are investing in a unit trust fund constituted in Malaysia that aims to provide investors with steady return and to achieve capital growth in the medium to long term by investing in equities and fixed income securities that conform to the Shariah principles.
  • You may receive distributions from the Fund from time to time to be decided at the sole discretion of the Managers. However, such distribution is not guaranteed.
    The distribution, if any, will be paid out of income and/or realized gain, and will be
    made in the form of cash or additional units.
Investment Strategy

  • The Fund shall invest primarily in a diversified portfolio of Shariah-compliant equity and equity-related securities of public listed companies in Bursa Malaysia with growth prospects and/or having forecast dividend yield of 3% per annum or above.
  • The Fund shall invest between 70% and 99.5% of its NAV in Shariah-compliant equity and equity-related securities. The balance will be invested in Islamic money market instruments, Islamic deposit placements, sukuk and/or other permitted investments.
Shariah Principles Applicable

  • Investor appoints PMB Investment to manage and invest the Fund under the Islamic contract of
    ‘Wakalah’ or Agency
  • PMB Investment is appointed to undertake the investment activities on behalf of the investors for ‘Ujrah’
    or fee.
Parties Involved

  • PMB Investment Berhad: the Manager of the Fund
  • AmanahRaya Trustees Berhad: the Trustee of the Fund
  • BIMB Securities Sdn Bhd: the Shariah Adviser of the Fund
Possible Outcomes

As the Fund will invest primarily in the equity market, its NAV and hence your investment capital will be subject to the market fluctuation.

*Assuming as a result of the market movement, the Fund and your investment may possibly end with the following outcomes:

 

Movement of the Fund’s NAV Outcome of your investment capital
Increase by 10% Increase by 10%
Decrease by 10% Decrease by 10%
*Other things remain unchanged
Average Total Return

Fund / Benchmark For The Period Ended 31 May 2017
1 Year 3 Years 5 Years 10 Years
PMB DANA AL-AIMAN 7.72% 0.73% 3.34% 3.56%
FBMSHA 7.39% (0.85%) 3.62% 3.23%

Source: Lipper

# Note: Effective from 28 April 2014, the financial year of PMB Al-Aiman ends on 31 May. Prior to that, the period ended on 15 May.

Annual Total Return

Annual Total Return for the Past 10 Financial Year-Ending 31 May

Year PMB Al-Aiman Benchmark
2017 7.72% 7.39%
2016 (5.21%) (5.20%)
2015 0.09% (4.26%)
2014 4.12% 6.58%
2013 11.12% 16.00%
2012 3.38% 3.38%
2011 13.46% 17.69%
2010 11.84% 26.19%
2009 (13.74%) (24.92%)
2008 6.72% 1.57%

# Note: Effective from 28 April 2014, the financial year of PMB Al-Aiman ends on 31 May. Prior to that, the period ended on 15 May.

Financial Year End 31 May
2017 2016 2015
Gross Distribution Per Unit – Cash (sen) 1.00 1.08 3.00
Net Distribution Per Unit – Cash (sen) *1.00 *1.00 *3.00

*Distribution is in the form of ‘units’

2017 2016 2015
0.76 times 1.23 times 1.07 times

The PTR is marginally lower at 0.76 times as compared with the previous financial year as a result of lower trading activities undertaken by the Fund.

Asset Allocation.

Year 2017 2016 2015
Equities 85.52% 74.84% 77.20%
Collective Investment Scheme 8.49% 7.30%
Derivatives 1.85%
Commercial Note 1.85%
Deposit Placement & Others 13.52% 16.67% 13.64%

 

The Fund’s exposure in equities was marginally increase to 85.52% in 2017.

Historical Financial Highlights

Financial Year-Ending 31 May

Extract of Audited Statement of Income and Expenditure

Financial Year End
31 May
2017 2016 2015
Total Investment
Income/(loss)
(RM) 4,447,219 (1,507,768) 1,480,458
Total Expenses (RM) 4,447,219 (1,328,164) (1,271,690)
Net Income/(loss) before
taxation
(RM) 3,400,773 (2,835,932) 208,768
Taxation (RM) (79,359)
Net Income/(loss) after
taxation
(RM) 3,400,773 (2,915,291) 208,768

 

Extract of Audited Statement of Assets and Liabilities

Financial Year End
31 May
2017 2016 2015
Total Investment (RM) 46,950,408 47,023,776 53,082,045
Other Asset (RM) 466,215 603,113 644,665
Total Assets (RM) 47,416,623 47,626,889 53,726,710
Total Liabilities (RM) (1,014,871) (1,067,277) (3,052,794)
Net Asset Value (RM) 46,401,752 46,559,612 50,673,916
Unit Holders Funds (RM) 46,401,752 46,559,612 50,673,916

PAST PERFORMANCE OF THE FUND IS NOT AN INDICATION OF ITS FUTURE PERFORMANCE.

Total Annual Expenses

The table below shows the total annual expenses incurred by the Fund in its respective preceding financial year-end. The percentage was calculated based on the Average NAV.

Fund Management Fee Trustee Fee Fund Expenses Total Expenses
(RM’000) (%) (RM’000) (%) (RM’000) (%) (RM’000) (%)
PMB AL-AIMAN 705 1.5 24 0.05 101 0.21 830 1.76
Management Expenses Ratio (MER)

The MER of the Fund for the respective latest financial year are as follows:

Fund/Financial Year End 2017 2016 2015
PMB AL-AIMAN 1.76% 1.82% 1.7%
Total Return
Average Total Return

Fund / Benchmark For The Period Ended 31 May 2017
1 Year 3 Years 5 Years 10 Years
PMB DANA AL-AIMAN 7.72% 0.73% 3.34% 3.56%
FBMSHA 7.39% (0.85%) 3.62% 3.23%

Source: Lipper

# Note: Effective from 28 April 2014, the financial year of PMB Al-Aiman ends on 31 May. Prior to that, the period ended on 15 May.

Annual Total Return

Annual Total Return for the Past 10 Financial Year-Ending 31 May

Year PMB Al-Aiman Benchmark
2017 7.72% 7.39%
2016 (5.21%) (5.20%)
2015 0.09% (4.26%)
2014 4.12% 6.58%
2013 11.12% 16.00%
2012 3.38% 3.38%
2011 13.46% 17.69%
2010 11.84% 26.19%
2009 (13.74%) (24.92%)
2008 6.72% 1.57%

# Note: Effective from 28 April 2014, the financial year of PMB Al-Aiman ends on 31 May. Prior to that, the period ended on 15 May.

Distribution Highlight
Financial Year End 31 May
2017 2016 2015
Gross Distribution Per Unit – Cash (sen) 1.00 1.08 3.00
Net Distribution Per Unit – Cash (sen) *1.00 *1.00 *3.00

*Distribution is in the form of ‘units’

Portfolio Turnover Ratio (PTR)
2017 2016 2015
0.76 times 1.23 times 1.07 times

The PTR is marginally lower at 0.76 times as compared with the previous financial year as a result of lower trading activities undertaken by the Fund.

Asset Allocation
Asset Allocation.

Year 2017 2016 2015
Equities 85.52% 74.84% 77.20%
Collective Investment Scheme 8.49% 7.30%
Derivatives 1.85%
Commercial Note 1.85%
Deposit Placement & Others 13.52% 16.67% 13.64%

 

The Fund’s exposure in equities was marginally increase to 85.52% in 2017.

Historical Performance
Historical Financial Highlights

Financial Year-Ending 31 May

Extract of Audited Statement of Income and Expenditure

Financial Year End
31 May
2017 2016 2015
Total Investment
Income/(loss)
(RM) 4,447,219 (1,507,768) 1,480,458
Total Expenses (RM) 4,447,219 (1,328,164) (1,271,690)
Net Income/(loss) before
taxation
(RM) 3,400,773 (2,835,932) 208,768
Taxation (RM) (79,359)
Net Income/(loss) after
taxation
(RM) 3,400,773 (2,915,291) 208,768

 

Extract of Audited Statement of Assets and Liabilities

Financial Year End
31 May
2017 2016 2015
Total Investment (RM) 46,950,408 47,023,776 53,082,045
Other Asset (RM) 466,215 603,113 644,665
Total Assets (RM) 47,416,623 47,626,889 53,726,710
Total Liabilities (RM) (1,014,871) (1,067,277) (3,052,794)
Net Asset Value (RM) 46,401,752 46,559,612 50,673,916
Unit Holders Funds (RM) 46,401,752 46,559,612 50,673,916
Total Annual Expenses
Total Annual Expenses

The table below shows the total annual expenses incurred by the Fund in its respective preceding financial year-end. The percentage was calculated based on the Average NAV.

Fund Management Fee Trustee Fee Fund Expenses Total Expenses
(RM’000) (%) (RM’000) (%) (RM’000) (%) (RM’000) (%)
PMB AL-AIMAN 705 1.5 24 0.05 101 0.21 830 1.76
Management Expenses Ratio (MER)

The MER of the Fund for the respective latest financial year are as follows:

Fund/Financial Year End 2017 2016 2015
PMB AL-AIMAN 1.76% 1.82% 1.7%
You should be aware that

  • The value of your investment, and the distribution payable, may go down as well as up.
  • The return of the Fund is not guaranteed.
Equity Market Risk

The performance of the Fund is subject to the volatility of the stock market which is influenced by the changes in the economic and political climate, profit rate, international stock market performance and regulatory policies. The movement of the value in the underlying investment portfolio will affect the NAV of the Fund. Any downward movement of the value will negatively impact the NAV of the Fund.

Stock Specific Risk

Prices of a particular stock may fluctuate in response to the circumstances affecting individual companies such as adverse financial performance, news of a possible merger or loss of key personnel of a company. Any adverse price movements of such stock will adversely affect the fund’s NAV

Equity-related Securities Risk

The value of the equity-related securities depends on the value of the underlying equities that the securities are related to. Any upward movement in the value of the underlying equities may result an upward movement of the value of the respective equity-related securities, and vice versa. Hence, the movement of the value of the equity-related securities will affect the value of the Fund.

Shariah Status Reclassification Risk

This risk refers to the risk that the currently held Shariah-compliant equities in the Fund may be reclassified as Shariah non-compliant in the periodic review of the equities by the SAC, the Shariah adviser or the Shariah boards of the relevant Islamic indices. If this occurs, the Manager will take the necessary steps to dispose such equities. There may be opportunity loss to the Fund due to the Fund not being allowed to retain the excess capital gains derived from the disposal of the Shariah non-compliant equities. In such an event, the Fund should :–

  1. dispose of the securities within one month if the value of the securities exceeds or is equal to the investment cost on the date of announcement of the List of Shariah-compliant securities by the SAC. The Fund is allowed to keep dividends received and capital gain from the disposal of the securities up to the date of announcement of the List of Shariah-compliant securities by the SAC. However, any dividends received and excess capital gain from the disposal of Shariah non-compliant securities after the date of announcement of the List of Shariah-compliant securities by the SAC should be channeled to baitulmal and/or charitable bodies;
  2. hold the respective securities if the market price of the said securities is below the investment cost, until the total subsequent dividends received (if any) and the market price or value of the securities is equal to the cost of investment at which time disposal has to take place within a month of attaining investment cost; or
  3. dispose of the securities at the price lower than the investment cost which will result the decrease in the Fund’s value.
Dividend Policy Risk

This is a risk particular to the fund which has heavy emphasis on high yield dividend stocks. Such a risk may occur when fundamentals of the company’s business deteriorate or if there is a change in the dividend payout policy resulting in a reduction of the dividend to be paid by the company. This risk may be mitigated by investing mainly in companies with a consistent historical record of paying dividends, strong cash flow, or operating in fairly stable industries.

 

# Please refer to Section 3.5 of the Master Prospectus for further information on product specific risks.

WHAT ARE THE FEES AND CHARGES OF THIS INVESTMENT?

Payable directly by you :

Sales Charge
(imposed for every transaction
performed)
6.0 % of the NAV
Repurchase Charge Nil
Switching Fee Up to RM25.00 per transaction
Transfer Fee Up to RM10.00 per transaction
Other Charges
(imposed for every transaction
performed)
  • Bank charges
  • Telegraphic Transfer charges
Rate is determined by the appointed bankers
Distribution Channel(s)
  • IUTA
  • UTC
  • Direct Purchase
Payable indirectly by you :

Management Fee 1.5 %
Trustee Fee 0.1 % per annum
Other fees charged by the Fund
  • Commissions/fees paid to brokers/dealers;
  • Auditor’s fee;
  • Tax adviser’s fee;
  • Valuation fee;
  • Taxes;
  • Custodial charges;
  • Tax voucher/distribution warrants;
    and
  • Any other fees/expenses permitted
    by the Deed

*Note: In addition, the above fees and charges are subject to the GST at the
prevailing rate.

YOU SHOULD NOT MAKE PAYMENT IN CASH TO A UNIT TRUST CONSULTANT OR ISSUE A CHEQUE IN THE NAME OF A UNIT TRUST CONSULTANT

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