PMB SHARIAH PREMIER FUND

Category

Equity (Shariah)

Growth

Risk

Horizon

Daily Fund Price

NAV per Unit (RM)

0.3321

Change (RM)

0.0012

Change (%)

0.3626

Closing Prices For 13 Dec 2018

*Net Aset Value (NAV) Per Unit

Objective

The objective of the Fund is to provide opportunities for investors to achieve capital growth over the medium to long term period through investment  in any of the 50 largest Shariah-compliant stocks by market capitalization (at the time of purchase) listed on the Bursa Malaysia.

Financial Year End

31 August

Asset Allocation

The Fund shall invest between 70% and up to 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 moderaterisk tolerance level;
  • Have a medium to long term investment horizon;
  • Prefer a fund that conforms to Shariah principles;and
  • Seek reasonable return and capital growth from Shariah-compliant fund that invests in large capitalized stocks.

Principal Risk(s)

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

Trustee

AmanahRaya Trustees Berhad

Others

Product Highlight Sheet (PHS) 967 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 opportunities for investors to achieve capital growth over the medium to long term period through investment in any of the 50 largest Shariah-compliant stocks by market capitalization (at the time of purchase) listed on the Bursa Malaysia.
  • 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, of income, if any, will be made in the form of cash or additional units.
Investment Strategy

  • The Fund shall invest primarily in a diversified portfolio among any of the 50 largest Shariah-compliant stocks in terms of market capitalization (at the point of purchase) listed on Bursa Malaysia. The Fund may invest not more than 30% of its NAV in any of the next top 25 largest listed companies based on the market capitalization listed on Bursa Malaysia.
  • The Fund shall invest between 70% and up to 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 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 August 2017
1 Year 3 Years 5 Years 10 Years
PMB SPF 12.02% 7.23% 5.87% 5.24%
FBMSHA 2.56% (1.20%) 2.30% 3.66%

Source: Lipper

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

Annual Total Return

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

Year PMB SPF Benchmark
2017 12.02% 2.56%
2016 8.08% 8.63%
2015 1.87% (13.44%)
2014 0.30% 5.51%
2013 8.94% 9.09%
2012 13.50% 10.30%
2011 9.73% 12.67%
2010 8.64% 14.58%
2009 3.61% 11.11%
2008 (8.34%) (8.48%)

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

Financial Year End 2017 2016 2015
Gross Distribution Per Unit – Cash (sen) 1.50 2.00 2.30
Net Distribution Per Unit – Cash (sen) *1.50 *2.00 *2.30

* Distribution is in the form of units

2017 2016 2015
1.23 times 0.98 times 0.97 times

The Fund’s exposure in equities was marginally decreased to 83.29% in 2017.

Asset Allocation.

Year 2017 2016 2015
Equities 83.29% 93.22% 88.02%
Islamic Real Estate Investment Trust
(REIT)
3.78% 3.37%
Deposit Placement & Others 12.93% 6.78% 8.61%
Historical Financial Highlights

Financial Year Ending 31 August

Extract of Audited Statement of Income and Expenditure

Financial Year End 31 August 2017 2016 2015
Total Investment Income/(loss) (RM)  7,093,947 4,445,943  1,687,656
Total Expenses (RM) (1,243,058) (1,024,177) (962,884)
Net Income/(loss) before taxation (RM) 5,850,889 3,421,766 724,772
Taxation (RM) (23,679) (6,250)
Net Income/(loss) after taxation (RM) 5,850,889 3,398,087 718,522

 

Extract of Audited Statement of Assets and Liabilities

Financial Year End 31 August 2017 2016 2015
Total Investment (RM) 51,942,026 42,380,564 38,628,447
Other Asset (RM) 1,013,681 8,947,228 1,102,978
Total Assets (RM) 52,955,707 51,327,792 39,731,425
Total Liabilities (RM) (2,416,403) (8,430,155) (2,955,248)
Net Asset Value (RM) 50,539,304 42,897,637 36,776,177
Unit Holders Funds (RM) 50,539,304 42,897,637 36,776,177

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 SPF 761 1.50 25 0.05 116 0.23 902 1.78
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 SPF 1.78% 1.82% 1.82%
Total Return
Average Total Return

Fund / Benchmark For The Period Ended 31 August 2017
1 Year 3 Years 5 Years 10 Years
PMB SPF 12.02% 7.23% 5.87% 5.24%
FBMSHA 2.56% (1.20%) 2.30% 3.66%

Source: Lipper

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

Annual Total Return

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

Year PMB SPF Benchmark
2017 12.02% 2.56%
2016 8.08% 8.63%
2015 1.87% (13.44%)
2014 0.30% 5.51%
2013 8.94% 9.09%
2012 13.50% 10.30%
2011 9.73% 12.67%
2010 8.64% 14.58%
2009 3.61% 11.11%
2008 (8.34%) (8.48%)

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

Distribution Highlight
Financial Year End 2017 2016 2015
Gross Distribution Per Unit – Cash (sen) 1.50 2.00 2.30
Net Distribution Per Unit – Cash (sen) *1.50 *2.00 *2.30

* Distribution is in the form of units

Portfolio Turnover Ratio (PTR)
2017 2016 2015
1.23 times 0.98 times 0.97 times

The Fund’s exposure in equities was marginally decreased to 83.29% in 2017.

Asset Allocation
Asset Allocation.

Year 2017 2016 2015
Equities 83.29% 93.22% 88.02%
Islamic Real Estate Investment Trust
(REIT)
3.78% 3.37%
Deposit Placement & Others 12.93% 6.78% 8.61%
Historical Performance
Historical Financial Highlights

Financial Year Ending 31 August

Extract of Audited Statement of Income and Expenditure

Financial Year End 31 August 2017 2016 2015
Total Investment Income/(loss) (RM)  7,093,947 4,445,943  1,687,656
Total Expenses (RM) (1,243,058) (1,024,177) (962,884)
Net Income/(loss) before taxation (RM) 5,850,889 3,421,766 724,772
Taxation (RM) (23,679) (6,250)
Net Income/(loss) after taxation (RM) 5,850,889 3,398,087 718,522

 

Extract of Audited Statement of Assets and Liabilities

Financial Year End 31 August 2017 2016 2015
Total Investment (RM) 51,942,026 42,380,564 38,628,447
Other Asset (RM) 1,013,681 8,947,228 1,102,978
Total Assets (RM) 52,955,707 51,327,792 39,731,425
Total Liabilities (RM) (2,416,403) (8,430,155) (2,955,248)
Net Asset Value (RM) 50,539,304 42,897,637 36,776,177
Unit Holders Funds (RM) 50,539,304 42,897,637 36,776,177
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 SPF 761 1.50 25 0.05 116 0.23 902 1.78
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 SPF 1.78% 1.82% 1.82%
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.

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 1.5% 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

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Monitor and manage your investment

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