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)
0.0001
Change (%)
0.0198
Closing Prices For 11 Aug 2020
*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) | 627 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?
- 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 | |||
| 1 Year | 3 Years | 5 Years | 10 Years | |
| PMB SCMF | 3.15% | 3.09% | 3.10% | 2.77% |
| Benchmark | 3.25% | 3.14% | 3.17% | 2.95% |
Source: Lipper
Annual Total Return
Annual Total Return For the Past 10 Financial Year Ended 30 June
| Year | PMB SCMF | Benchmark |
| 2019 | 3.15% | 3.25% |
| 2018 | 3.06% | 3.12% |
| 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 | ||
| 2019 | 2018 | 2017 | |
| Gross Distribution Per Unit – Cash (sen) | 1.56 | 1.60 | 1.51 |
| Net Distribution Per Unit – Cash (sen) | *1.56 | *1.60 | *1.51 |
* Distribution is in the form of ‘units
| 2019 | 2018 | 2017 |
| 2.51 times | 1.98 times | 1.37 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 | 2019 | 2018 | 2017 |
| Islamic deposit placement and others | 100% | 100% | 100% |
The Fund exposure in deposit placement was at 100.00% in 2019.
Historical Financial Highlights
Financial Year Ending 30 June
Extract of Audited Statement of Income and Expenditure
| Financial Year End | 2019 | 2018 | 2017 | |
| Total Investment Income/(loss) | (RM) | 1,221,933 | 1,583,804 | 1,196,366 |
| Total Expenses | (RM) | (170,431) | (232,345) | (159,968) |
| Profit(loss) before taxation | (RM) | 1,051,502 | 1,351,459 | 1,036,398 |
| Taxation | (RM) | – | – | – |
| Profit/(loss) after taxation | (RM) | 1,051,502 | 1,351,459 | 1,036,398 |
Extract of Audited Statement of Assets and Liabilities
| Financial Year End 30 September | 2019 | 2018 | 2017 | |
| Total Investment | (RM) | 34,552,244 | 32,149,329 | 39,262,005 |
| Other Asset | (RM) | 238,843 | 708,710 | 237,092 |
| Total Assets | (RM) | 34,791,087 | 32,858,039 | 39,499,097 |
| Total Liabilities | (RM) | (351,131) | (347,017) | (396,047) |
| Net Asset Value | (RM) | 34,439,959 | 32,511,022 | 39,103,050 |
| Unit Holders Funds | (RM) | 32,511,022 | 39,103,050 |
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 SCMF | 135 | 0.40 | 17 | 0.05 | 18 | 0.05 | 170 | 0.50 |
Management Expenses Ratio (MER)
The MER of the Fund for the respective latest financial years are as follows:
| Fund/Financial Year End | 2019 | 2018 | 2017 |
| PMB Bestari | 0.50 | 0.52 | 0.47 |
Total Return
Average Total Return
| Fund / Benchmark | For The Period Ended 30 June | |||
| 1 Year | 3 Years | 5 Years | 10 Years | |
| PMB SCMF | 3.15% | 3.09% | 3.10% | 2.77% |
| Benchmark | 3.25% | 3.14% | 3.17% | 2.95% |
Source: Lipper
Annual Total Return
Annual Total Return For the Past 10 Financial Year Ended 30 June
| Year | PMB SCMF | Benchmark |
| 2019 | 3.15% | 3.25% |
| 2018 | 3.06% | 3.12% |
| 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 | ||
| 2019 | 2018 | 2017 | |
| Gross Distribution Per Unit – Cash (sen) | 1.56 | 1.60 | 1.51 |
| Net Distribution Per Unit – Cash (sen) | *1.56 | *1.60 | *1.51 |
* Distribution is in the form of ‘units
Portfolio Turnover Ratio (PTR)
| 2019 | 2018 | 2017 |
| 2.51 times | 1.98 times | 1.37 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 | 2019 | 2018 | 2017 |
| Islamic deposit placement and others | 100% | 100% | 100% |
The Fund exposure in deposit placement was at 100.00% in 2019.
Historical Performance
Historical Financial Highlights
Financial Year Ending 30 June
Extract of Audited Statement of Income and Expenditure
| Financial Year End | 2019 | 2018 | 2017 | |
| Total Investment Income/(loss) | (RM) | 1,221,933 | 1,583,804 | 1,196,366 |
| Total Expenses | (RM) | (170,431) | (232,345) | (159,968) |
| Profit(loss) before taxation | (RM) | 1,051,502 | 1,351,459 | 1,036,398 |
| Taxation | (RM) | – | – | – |
| Profit/(loss) after taxation | (RM) | 1,051,502 | 1,351,459 | 1,036,398 |
Extract of Audited Statement of Assets and Liabilities
| Financial Year End 30 September | 2019 | 2018 | 2017 | |
| Total Investment | (RM) | 34,552,244 | 32,149,329 | 39,262,005 |
| Other Asset | (RM) | 238,843 | 708,710 | 237,092 |
| Total Assets | (RM) | 34,791,087 | 32,858,039 | 39,499,097 |
| Total Liabilities | (RM) | (351,131) | (347,017) | (396,047) |
| Net Asset Value | (RM) | 34,439,959 | 32,511,022 | 39,103,050 |
| Unit Holders Funds | (RM) | 32,511,022 | 39,103,050 |
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 SCMF | 135 | 0.40 | 17 | 0.05 | 18 | 0.05 | 170 | 0.50 |
Management Expenses Ratio (MER)
The MER of the Fund for the respective latest financial years are as follows:
| Fund/Financial Year End | 2019 | 2018 | 2017 |
| PMB Bestari | 0.50 | 0.52 | 0.47 |
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) |
|
Rate is determined by the appointed bankers |
| Distribution Channel(s) |
|
Payable indirectly by you :
| Management Fee | 0.25% per annum |
| Trustee Fee | 0.025% per annum |
| Other Fees Charged by the Fund |
|
*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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