PMB SHARIAH ASEAN STARS EQUITY FUND (MYR)**
Category
Equity
Growth
Risk
High
Medium
Horizon
Long
Medium
Daily Fund Price
NAV per Unit (RM)
0.4658
Change (RM)
0.0045
Change (%)
0.9755
Closing Prices For 14 Jan 2021
*Net Aset Value (NAV) Per Unit
Objective
The Fund aims to achieve capital growth over the medium term to long term period by investing in a diversified portfolio of Shariah-compliant securities.
Financial Year End
31 October 2019
Asset Allocation
The Fund will invest in a diversified portfolio of Shariah-compliant equities listed on any recognized stock exchanges in ASEAN member countries where the respective regulatory authority is an ordinary or associate member of the International Organization of Securities Commissions (IOSCO).
It will invest between 70% to 99.5% of the Fund’s NAV in equities of any of the 300 largest Shariah-compliant companies in terms of market capitalization (at the point of purchase) listed on recognized stock exchange in any of the ASEAN member countries.
Investors Profile
This fund is suitable for investors who:
- Seeking Shariah-compliant investments with growth potential;
- Having medium to long term investment horizon; with
- Medium to high risk tolerant
Principal Risk(s)
- Equity Market Risk
- Stock Specific Risk
- Shariah Status Reclassification Risk
- Warrant Risk
- Liquidity Risk
- Country Risk
- Currency Risk
Trustee
CIMB Islamic Trustee Berhad
Others
Product Highlight Sheet (PHS) | 387 KB | Download File |
This Product Highlight Sheet (PHS) is prepared strictly for information purposes only and has not been reviewed neither endorsed by the Securities Commission Malaysia under Clause 5.15 of Guidelines on Marketing and Distribution of Unit Trust Funds. It does not have regard to the specific investment objectives or the financial situations needs of any specific person who may receive it physically or virtually. Before investing you are advised to read and understand the contents of the Master Prospectus dated 1 July 2019, the Prospectus of PMB Shariah ASEAN Stars Equity Fund dated 28 March 2018 and First Supplementary Prospectus of PMB Shariah ASEAN Stars Equity Fund dated 14 September 2018, which all had been registered with the Securities Commission Malaysia, who takes no responsibility for its contents. If in doubt, please consult a professional adviser and investors may also call our Customer Service Careline at 03-2785 9900 for further assistance.
What Unit Trust Fund Are You Investing In?
Class of Units | ||
MYR Class | USD Class | |
Name | PMB Shariah ASEAN Stars Equity Fund | |
Category/ Type | Equity (Shariah)/ Growth | |
Initial Offer price | MYR0.5000 | USD0.5000 |
Investment Objective |
The Fund aims to achieve capital growth over the medium term to long term period by investing in a diversified portfolio of Shariah-compliant securities.
|
|
Distribution Policy |
The distribution of income, if any, is incidental.
Where the Fund distributes its income, such distribution will be made in the form of additional units and in the currencies in which those classes of units are denominated. The distribution will be credited to your investment account. The value of the reinvestment of distribution will be equivalent to the NAV per unit of each Class of unit on the first business day following the Distribution Date.
|
Investment Strategy
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
Movement of the Fund’s NAV |
Outcome of your investment capital
|
Increase by 10% | Increase by 10% |
Decrease by 10% | Decrease by 10% |
PAST PERFORMANCE OF THE FUND IS NOT AN INDICATION OF ITS FUTURE PERFORMANCE.
Total Return
Distribution Highlight
Portfolio Turnover Ratio (PTR)
Asset Allocation
Historical Performance
Total Annual Expenses
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
Stock Specific Risk
Shariah Status Reclassification Risk
Warrant Risk
Liquidity Risk
Country Risk
Currency Risk
- Currency risk at the Fund’s portfolio level
The impact of the exchange rate movement between the base currency of the fund and the currency of the underlying investments may result in a depreciation of the value of the investments as expressed in the base currency of the fund; and
- Currency risk at the class level
WHAT ARE THE FEES AND CHARGES OF THIS INVESTMENT?
Payable directly by you :
Sales Charge
(imposed for every
transaction performed)
|
IUTA, UTC and direct purchase | 5.0% |
Repurchase Charge | Nil | |
Switching Charge |
1st switching – Nil
|
|
2nd switching – MYR25 per switching of any Class of units.
|
||
Transfer Charge | MYR10.00 |
Payable indirectly by you :
Annual Management Fee | 1.8% of the Fund’s NAV |
Annual Trustee Fee | 0.04% of the Fund’s NAV |
Other Fees Charged by the Fund |
|
Transaction Information :
Minimum initial
investment
|
Individual | : |
MYR 1,000.00 (for MYR Class)
USD 1,000.00 (for USD Class)
|
Institutional | : |
MYR 10,000.00 (for MYR Class)
USD 10,000.00 (for USD Class)
|
|
Minimum additional
investment
|
Individual | : |
MYR 100.00 (for MYR Class)
USD 100.00 (for USD Class)
|
Institutional | : |
MYR 1,000.00 (for MYR Class)
USD 1,000.00 (for USD Class)
|
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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