PMB SHARIAH MID-CAP FUND

Category

Equity

Growth

Risk

Horizon

Daily Fund Price

NAV per Unit (RM)

0.1506

Change (RM)

-0.0005

Change (%)

-0.3309

Closing Prices For 13 Dec 2018

*Net Aset Value (NAV) Per Unit

Objective

The objective of the Fund is to achieve capital growth over the medium to long-term period by investing primarily in medium sized Shariah compliant companies in terms of market capitalization.

Financial Year End

30 April

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, Islamic deposit placements, Islamic debt securities and/or other permitted investments.

Investors Profile

The Fund is suitable for investors who:

 

  • Have a moderate to high risk tolerance level;
  • Have a medium to long term investment horizon;
  • Prefer a fund that conforms to the Shariah principles; and
  • Seek capital growth from Shariah-compliant fund that invests primarily in mid-cap stocks.

Principal Risk(s)

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

Trustee

CIMB Islamic Trustee 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 achieve capital growth over the medium to long-term period by investing primarily in medium sized Shariah compliant companies in terms of market capitalization.
  • You may receive distributions from the Fund from time to time to be decided at the sole discretion of the Managers. However, such a distribution is not guaranteed. The distribution, if any, will be paid out of income and/or realized gain.
Investment Strategy

  • The Fund shall invest primarily in a diversified portfolio of Shariah-compliant
    equity and equity-related securities of medium sized companies listed on Bursa Malaysia with market capitalization between RM1 billion and RM7 billion at the point of purchase. The Fund may invest up to 20% of its NAV in securities of Shariah-compliant companies listed on Bursa Malaysia with market capitalization below RM1 billion and/or in excess of RM7 billion.
  • 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.
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 30 April 2017
1 Year 3 Years 5 Years 10 Years
PMB SMCF 6.55% 1.27% 2.78% 2.83%
FBMSHA 6.25% (0.61%) 3.88% 3.60%

Source: Lipper

Annual Total Return

Annual Total Return For the Past 10 Financial Year Ended 30 April.

Year PMB SMCF Benchmark
2017 6.55% 6.25%
2016 (5.65%) (6.62%)
2015 3.30% (1.06%)
2014 7.64% 13.30%
2013 2.64% 9.02%
2012 (2.15%) 2.87%
2011 5.52% 12.67%
2010 21.46% 38.31%
2009 (16.13%) (24.34%)
2008 5.40% (1.11%)

 

Financial Year End 30 April
 2017 2016 2015
Gross Distribution Per Unit – Cash (sen) 1.01 1.20
Net Distribution Per Unit – Cash (sen) *1.00 *1.20

*Distribution is in the form of ‘units’.

2017 2016 2015
0.56 times 0.60 times 1.27 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
Equities 70.75% 61.96% 71.18%
Derivatives 0.38%
Collective Investment Scheme 6.54% 6.16% 5.69%
Deposit Placement & Others 22.71% 31.88% 22.75%

The Fund’s equities increase to 70.75% in 2017 compared to the previous year.

Historical Financial Highlights

Financial Year-Ending 30 April.

Extract of Audited Statement of Income and Expenditure

Financial Year End 30 April 2017 2016 2015
Total Investment
Income/(loss)
(RM) 2,305,672  (1,045,451)  1,705,804
Total Expenses (RM) (594,715) (626,526) (771,618)
Net Income/(loss) before
taxation
(RM) 1,710,957 (1,671,977) 934,186
Taxation (RM) (7,891)
Net Income/(loss) after
taxation
(RM) 1,710,957 (1,679,868) 934,186

 

Extract of Audited Statement of Assets and Liabilities

Financial Year End 30 April 2017 2016 2015
Total Investment (RM) 25,960,131 25,680,012 28,141,302
Other Asset (RM) 670,313 1,912,507 1,279,553
Total Assets (RM) 26,630,444 27,592,519 29,420,855
Total Liabilities (RM) (223,263) (2,829,377) (2,041,682)
Net Asset Value (RM) 26,407,181 24,763,142 27,379,173
Unit Holders Funds (RM) 26,407,181 24,763,142 27,379,173

 


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 SMCF 368 1.5 26 0.1 183 0.70 595 2.3
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 SMCF 1.90 1.88 1.78
Total Return
Average Total Return

Fund / Benchmark For The Period Ended 30 April 2017
1 Year 3 Years 5 Years 10 Years
PMB SMCF 6.55% 1.27% 2.78% 2.83%
FBMSHA 6.25% (0.61%) 3.88% 3.60%

Source: Lipper

Annual Total Return

Annual Total Return For the Past 10 Financial Year Ended 30 April.

Year PMB SMCF Benchmark
2017 6.55% 6.25%
2016 (5.65%) (6.62%)
2015 3.30% (1.06%)
2014 7.64% 13.30%
2013 2.64% 9.02%
2012 (2.15%) 2.87%
2011 5.52% 12.67%
2010 21.46% 38.31%
2009 (16.13%) (24.34%)
2008 5.40% (1.11%)

 

Distribution Highlight
Financial Year End 30 April
 2017 2016 2015
Gross Distribution Per Unit – Cash (sen) 1.01 1.20
Net Distribution Per Unit – Cash (sen) *1.00 *1.20

*Distribution is in the form of ‘units’.

Portfolio Turnover Ratio (PTR)
2017 2016 2015
0.56 times 0.60 times 1.27 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
Equities 70.75% 61.96% 71.18%
Derivatives 0.38%
Collective Investment Scheme 6.54% 6.16% 5.69%
Deposit Placement & Others 22.71% 31.88% 22.75%

The Fund’s equities increase to 70.75% in 2017 compared to the previous year.

Historical Performance
Historical Financial Highlights

Financial Year-Ending 30 April.

Extract of Audited Statement of Income and Expenditure

Financial Year End 30 April 2017 2016 2015
Total Investment
Income/(loss)
(RM) 2,305,672  (1,045,451)  1,705,804
Total Expenses (RM) (594,715) (626,526) (771,618)
Net Income/(loss) before
taxation
(RM) 1,710,957 (1,671,977) 934,186
Taxation (RM) (7,891)
Net Income/(loss) after
taxation
(RM) 1,710,957 (1,679,868) 934,186

 

Extract of Audited Statement of Assets and Liabilities

Financial Year End 30 April 2017 2016 2015
Total Investment (RM) 25,960,131 25,680,012 28,141,302
Other Asset (RM) 670,313 1,912,507 1,279,553
Total Assets (RM) 26,630,444 27,592,519 29,420,855
Total Liabilities (RM) (223,263) (2,829,377) (2,041,682)
Net Asset Value (RM) 26,407,181 24,763,142 27,379,173
Unit Holders Funds (RM) 26,407,181 24,763,142 27,379,173

 

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 SMCF 368 1.5 26 0.1 183 0.70 595 2.3
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 SMCF 1.90 1.88 1.78
You should be aware that

  • The value of your investment 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, interest 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.

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)
6.0%
Repurchase Charge Nil
Switching Fee Up to RM25 per transaction
Transfer Fee Up to RM10 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
Payable indirectly by you :

Management Fee 1.5% per annum
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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Take an Investor Profile Assessment

Discover your profile


Choose your preferred fund to invest

Compare our funds


Monitor and manage your investment

Our Services