PMB SHARIAH CASH MANAGEMENT FUND

Category

Income

Money Market

Risk

Low

Horizon

Long

Medium

Short

Daily Fund Price

NAV per Unit (RM)

0.5063

Change (RM)

0

Change (%)

0

Closing Prices For 13 Dec 2018

*Net Aset Value (NAV) Per Unit

Objective

To provide investors with reasonable return with high degree of liquidity while maintaining capital stability through investments primarily in Shariah approved money market instruments and debt securities.

Financial Year End

30 June

Asset Allocation

The Fund shall invest up to 100% of its NAV in Islamic money market instruments, Islamic debt securities and/or Islamic deposit placements. The Fund shall invest not less than 90% of its NAV in instruments, securities, or deposit placements having a maturity of not more than 365 days, while the balance can be invested instruments, securities and/or deposit placements maturing between more than 365 days to 732 days.

Investors Profile

The Fund is suitable for investors who:

  • Have a low risk tolerance level;
  • Have either short, medium or long-term investment horizon;
  • Look for consistent, reasonable and stable though low level of return;
  • Look for alternative to deposit placements with tax incentive; and
  • Look for alternative to deposit placements that does not require determination of tenure on placements.

Principal Risk(s)

  • Profit/Interest rate risk.
  • Credit/default risk.

Trustee

AmanahRaya Trustees Berhad

Others

Product Highlight Sheet (PHS) 623 KB 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 high degree of liquidity while maintaining capital stability through investments primarily in Shariah approved money market instruments and debt securities.
  • The Fund aims to provide monthly distributions on a best effort basis, subject to the availability of income for the financial period. The distribution may be in the form of cash or additional units.
Investment Strategy

  • The Fund seeks to achieve its objective by investing in near term Islamic money market instruments, Islamic deposit placements and sukuk in Malaysia that mature within 365 days. Nevertheless the Fund can invest up to 10% of its NAV in Islamic money market instruments, Islamic deposit placements or sukuk with maturity period exceeding 365 days but not longer than 732 days.
  • The Fund shall invest up to 100% of its NAV in Islamic money market instruments, Islamic deposit placement and/or sukuk that are liquid and conform to the Shariah principle. Notwithstanding the Fund can invest up to 10% for short dated sukuk maturing between 365 days to 732 days.
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 30 June 2017
1 Year 3 Years 5 Years 10 Years
PMB SCMF 3.89% 3.38% 3.16% 2.73%
Benchmark 3.04% 3.17% 3.09% 2.95%

Source: Lipper

Annual Total Return

Annual Total Return For the Past 10 Financial Year Ended 30 June

Year  PMB SCMF Benchmark
2017 3.89% 3.04%
2016 3.17% 3.26%
2015 3.07% 3.21%
2014 2.83% 2.97%
2013 2.84% 2.96%
2012 2.49% 3.18%
2011 2.43% 2.91%
2010 1.59% 2.16%
2009  2.42% 2.99%
2008 2.92% 3.46%
Financial Year End 30 June
2017 2016 2015
Gross Distribution Per Unit – Cash (sen) 1.51 1.50 1.49
Net Distribution Per Unit – Cash (sen) *1.51 *1.50 *1.49

* Distribution is in the form of ‘units

20147 2016 2015
1.37 times s 1.88 time 2.60 times

The PTR was lower than the previous year as a result of a decrease in trading activities undertaken by the Fund during the financial year.

Asset Allocation.

Year 2017 2016 2015
Islamic money market
instruments
10.63%
Deposit placement and others 100.00% 100.00% 89.37%

The Fund exposure in deposit placement was at 100.00% in 2017.

Historical Financial Highlights

Financial Year Ending 30 June

Extract of Audited Statement of Income and Expenditure

Financial Year End 2017 2016 2015
Total Investment Income/(loss) (RM) 1,196,366 992,598 891,779
Total Expenses (RM) (159,968) (120,365) (103,498)
Net Income/(loss) before taxation (RM) 1,036,398 872,233 788,281
Taxation (RM) (41,827) (21,205)
Net Income/(loss) after taxation (RM) 1,036,398 830,406 767,076

 

Extract of Audited Statement of Assets and Liabilities

Financial Year End 30 September 2017 2016 2015
Total Investment (RM) 39,262,005 36,139,490 27,674,283
Other Asset (RM) 237,092 205,681 216,579
Total Assets (RM) 39,499,097 36,345,171 27,890,862
Total Liabilities (RM) (396,047) 36,345,171 (232,612)
Net Asset Value (RM) 39,103,050 36,021,388 27,658,250
Unit Holders Funds (RM) 39,103,050 36,021,388 27,658,250

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 Mgt Fee Trustee Fee Fund Expenses Total Expenses
(MER)
(RM’000) (%) (RM’000) (%) (RM’000) (%) (RM’000) (%)
PMB Bestari 119 0.35 17 0.05 24 0.07 160 0.47
Management Expenses Ratio (MER)

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

Fund/Financial Year End 2017 2016 2015
PMB Bestari 0.47 0.45 0.41
Total Return
Average Total Return

Fund / Benchmark For The Period Ended 30 June 2017
1 Year 3 Years 5 Years 10 Years
PMB SCMF 3.89% 3.38% 3.16% 2.73%
Benchmark 3.04% 3.17% 3.09% 2.95%

Source: Lipper

Annual Total Return

Annual Total Return For the Past 10 Financial Year Ended 30 June

Year  PMB SCMF Benchmark
2017 3.89% 3.04%
2016 3.17% 3.26%
2015 3.07% 3.21%
2014 2.83% 2.97%
2013 2.84% 2.96%
2012 2.49% 3.18%
2011 2.43% 2.91%
2010 1.59% 2.16%
2009  2.42% 2.99%
2008 2.92% 3.46%
Distribution Highlight
Financial Year End 30 June
2017 2016 2015
Gross Distribution Per Unit – Cash (sen) 1.51 1.50 1.49
Net Distribution Per Unit – Cash (sen) *1.51 *1.50 *1.49

* Distribution is in the form of ‘units

Portfolio Turnover Ratio (PTR)
20147 2016 2015
1.37 times s 1.88 time 2.60 times

The PTR was lower than the previous year as a result of a decrease in trading activities undertaken by the Fund during the financial year.

Asset Allocation
Asset Allocation.

Year 2017 2016 2015
Islamic money market
instruments
10.63%
Deposit placement and others 100.00% 100.00% 89.37%

The Fund exposure in deposit placement was at 100.00% in 2017.

Historical Performance
Historical Financial Highlights

Financial Year Ending 30 June

Extract of Audited Statement of Income and Expenditure

Financial Year End 2017 2016 2015
Total Investment Income/(loss) (RM) 1,196,366 992,598 891,779
Total Expenses (RM) (159,968) (120,365) (103,498)
Net Income/(loss) before taxation (RM) 1,036,398 872,233 788,281
Taxation (RM) (41,827) (21,205)
Net Income/(loss) after taxation (RM) 1,036,398 830,406 767,076

 

Extract of Audited Statement of Assets and Liabilities

Financial Year End 30 September 2017 2016 2015
Total Investment (RM) 39,262,005 36,139,490 27,674,283
Other Asset (RM) 237,092 205,681 216,579
Total Assets (RM) 39,499,097 36,345,171 27,890,862
Total Liabilities (RM) (396,047) 36,345,171 (232,612)
Net Asset Value (RM) 39,103,050 36,021,388 27,658,250
Unit Holders Funds (RM) 39,103,050 36,021,388 27,658,250
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 Mgt Fee Trustee Fee Fund Expenses Total Expenses
(MER)
(RM’000) (%) (RM’000) (%) (RM’000) (%) (RM’000) (%)
PMB Bestari 119 0.35 17 0.05 24 0.07 160 0.47
Management Expenses Ratio (MER)

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

Fund/Financial Year End 2017 2016 2015
PMB Bestari 0.47 0.45 0.41
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.

WHAT ARE THE FEES AND CHARGES OF THIS INVESTMENT?

Payable directly by you :

You will need to pay the following fees and charges as a percentage of your gross investment sum:

Sales Charge *
(imposed for every
transaction performed)
IUTA, UTC and direct
purchase
Nil
EPF Members’
Investment Scheme
Nil
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 0.4% per annum
Trustee Fee 0.05% 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

HOW IT WORKS

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Open a trust and investment account with us

Download Forms


Take an Investor Profile Assessment

Discover your profile


Choose your preferred fund to invest

Compare our funds


Monitor and manage your investment

Our Services