PMB SHARIAH DIVIDEND FUND

Category

Equity

Growth

Risk

Moderate

Horizon

Long

Medium

Daily Fund Price

NAV per Unit (RM)

0.2491

Change (RM)

0.0006

Change (%)

0.2414

Closing Prices For 13 Dec 2018

*Net Aset Value (NAV) Per Unit

Objective

To provide investors with an opportunity to gain consistent and stable income stream that is potentially higher than the average fixed deposit rates.

Financial Year End

31 March

Asset Allocation

The Fund shall invest between 70% and 95% of its NAV in Shariah-compliant equity and equity-related securities in Bursa Malaysia. The balance will be invested in Islamic money market instruments, 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 fund that conforms to Shariah principles; and
  • Seek a regular and stable income stream from their investment.

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 an opportunity to gain consistent and stable income stream that is potentially higher than the average deposit rates.
  • Income will be distributed annually, subject to availability of income for the financial period .The distribution income, will be in made the form of cash or additional units.
Investment Strategy

  • The Fund shall invest primarily in a diversified portfolio among any of the top 300 Shariah – compliant companies in terms of market capitalization listed on Bursa Malaysia, with the exclusion of the following: –
    1. those companies that have been classified as PN17 companies by Bursa Malaysia – this is to mitigate the risk of investing in a potential insolvent company; and
    2. those companies that are expected to declare and pay annual dividend of less than 3% net based on the prevailing price.
  • The Fund shall invest between 70% and 99.5% of its NAV in Shariah – compliant equity and equity – related securities in Bursa Malaysia. 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
  • CIMB Islamic Trustee 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 March 2018
1 Year 3 Year 5 Year 10 Year
PMBSDF
-5.72%
1.41%
4.18%
4.69%
FBMSHA
3.27%
0.27%
3.10%
5.65%
Source: Lipper
Annual Total Return

Year
PMB SDF
Benchmark
2018 (5.72 %) 3.27%
2017 11.32% 2.50%
2016 (0.63%) (4.75%)
2015 9.12% (0.18%)
2014 7.88% 15.75%
2013 0.99% 5.00%
2012 0.08% 4.27%
2011 17.41% 18.48%
2010 12.51% 46.64%
Since Inception
(21/7/08-31/3/09)
9.52%
(34.14%)

 

  Financial Year End 2018 2017 2016
  Gross Distribution Per Unit – Cash (sen)
1.00 1.01
  Net Distribution Per Unit – Cash (sen)
*1.00 *1.00

* Distribution is in the form of units

2018 2017 2016
1.61 times
1.47 times
1.06 times
The PTR was higher than the previous year as a result of a increase in trading activities undertaken by the Fund during the financial year.
Asset Allocation.

  Year 2018 2017 2016
  Equities
88.96%
92.48%
90.16%
  Derivatives
0.49%
  Deposit Placement &  Others 11.04%
7.52%
9.35%
The Fund’s exposure in equities was marginally decreased to 88.96% in 2018.
Historical Financial Highlights

Financial Year Ending 31 March
Extract of Audited Statement of Income and Expenditure
Financial Year End
31 March
2018 2017 2016
Total Investment Income/(loss) (RM) (2,319,654) 902,360 157,592
Total Expenses (RM)
(552,307)
(199,146) (165,997)
Net Income/(loss) before taxation (RM) (2,871,961) 703,214 (8,405)
Taxation (RM) (1,285)
Net Income/(loss) after taxation (RM) (2,871,961) 703,214 (9,690)

 

Extract of Audited Statement of Assets and Liabilities

Financial Year End
31 March
2018 2017 2016
  Total Investment (RM) 28,158,203 8,386,006 4,936,967
  Other Asset (RM) 1,387,391 210,285 997,273
  Total Assets (RM)
29,545,594
8,596,291 5,934,240
  Total Liabilities (RM) (979,701) (306,015) (545,444)
  Net Asset Value (RM) 28,565,893 8,290,276 5,388,796
  Unit Holders Funds
(RM) 28,565,893 8,290,276 5,388,796

 


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 SDF
299
1.50 22 0.10 38 0.19 359 1.79

 

Management Expenses Ratio (MER)

The MER of the Fund for the respective latest financial year are as follows :
Fund/Financial Year End 2018 2017 2016
  PMB SDF
1.79 2.06 2.09

 

Total Return
Average Total Return

Fund / Benchmark
For The Period Ended 31 March 2018
1 Year 3 Year 5 Year 10 Year
PMBSDF
-5.72%
1.41%
4.18%
4.69%
FBMSHA
3.27%
0.27%
3.10%
5.65%
Source: Lipper
Annual Total Return

Year
PMB SDF
Benchmark
2018 (5.72 %) 3.27%
2017 11.32% 2.50%
2016 (0.63%) (4.75%)
2015 9.12% (0.18%)
2014 7.88% 15.75%
2013 0.99% 5.00%
2012 0.08% 4.27%
2011 17.41% 18.48%
2010 12.51% 46.64%
Since Inception
(21/7/08-31/3/09)
9.52%
(34.14%)

 

Distribution Highlight
  Financial Year End 2018 2017 2016
  Gross Distribution Per Unit – Cash (sen)
1.00 1.01
  Net Distribution Per Unit – Cash (sen)
*1.00 *1.00

* Distribution is in the form of units

Portfolio Turnover Ratio (PTR)
2018 2017 2016
1.61 times
1.47 times
1.06 times
The PTR was higher than the previous year as a result of a increase in trading activities undertaken by the Fund during the financial year.
Asset Allocation
Asset Allocation.

  Year 2018 2017 2016
  Equities
88.96%
92.48%
90.16%
  Derivatives
0.49%
  Deposit Placement &  Others 11.04%
7.52%
9.35%
The Fund’s exposure in equities was marginally decreased to 88.96% in 2018.
Historical Performance
Historical Financial Highlights

Financial Year Ending 31 March
Extract of Audited Statement of Income and Expenditure
Financial Year End
31 March
2018 2017 2016
Total Investment Income/(loss) (RM) (2,319,654) 902,360 157,592
Total Expenses (RM)
(552,307)
(199,146) (165,997)
Net Income/(loss) before taxation (RM) (2,871,961) 703,214 (8,405)
Taxation (RM) (1,285)
Net Income/(loss) after taxation (RM) (2,871,961) 703,214 (9,690)

 

Extract of Audited Statement of Assets and Liabilities

Financial Year End
31 March
2018 2017 2016
  Total Investment (RM) 28,158,203 8,386,006 4,936,967
  Other Asset (RM) 1,387,391 210,285 997,273
  Total Assets (RM)
29,545,594
8,596,291 5,934,240
  Total Liabilities (RM) (979,701) (306,015) (545,444)
  Net Asset Value (RM) 28,565,893 8,290,276 5,388,796
  Unit Holders Funds
(RM) 28,565,893 8,290,276 5,388,796

 

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 SDF
299
1.50 22 0.10 38 0.19 359 1.79

 

Management Expenses Ratio (MER)

The MER of the Fund for the respective latest financial year are as follows :
Fund/Financial Year End 2018 2017 2016
  PMB SDF
1.79 2.06 2.09

 

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 channelled to baitulmal and/or approved 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.

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
6.0%
EPF Members’
Investment Scheme
3.0%
 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
  • Autodebit

 

Payable indirectly by you :

  Management Fee
  1.5% per annum
  Trustee Fee
  0.10% per annum (subject to a  minimum of RM18,000 p.a.)
  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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