PMB SHARIAH INDEX FUND
Category
Equity (Shariah)
Index
Risk
High
Moderate
Horizon
Long
Medium
Daily Fund Price
NAV per Unit (RM)
0.5502
Change (RM)
0.0019
Change (%)
0.3465
Closing Prices For 17 Apr 2024
*Net Aset Value (NAV) Per Unit
Objective
The objective of the Fund is to provide investors with the opportunity to gain reasonable return and capital growth in the medium to long term period by investing in Shariah-compliant securities whilst at the same time the Manager will attempt to match closely its performance with the performance of the FBMSHA.
Financial Year End
31 March
Asset Allocation
The Fund shall invest a minimum 80% of its NAV in equities with a minimum 60% among the top 15 constituent stocks of the FBMSHA. However equity investment in the Fund shall not exceed 99.5% of its NAV. The balance will be invested in Islamic money market instruments, Islamic deposit placement 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 Shariah principles; and
- Seek to have return close to the market performance.
Principal Risk(s)
- Equity market risk
- Tracking error risk
- Shariah status reclassification risk.
Trustee
AmanahRaya Trustees Berhad
Others
Product Highlight Sheet (PHS) | 684 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 related prospectus(es), 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 03-4145 3900 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 the opportunity to gain reasonable return and capital growth in the medium to long term period by investing in Shariah-compliant securities whilst at the same time the Manager attempts to match closely its performance with the performance of the FTSE BursaMalaysia EMAS Shariah Index (FBMSHA).
- The distribution is annual, subject to the total returns of the Fund, availability of income for the financial period, cash flow of the distribution, and stability and sustainability of the distribution of returns. The distribution of income, if any, will be made in the form of cash or additional units.
Investment Strategy
- The Fund will invest primarily in stocks constituent of the FBMSHA. The Fund is a passively managed fund whereby the Manager constructs the Fund’s investment portfolio based on an index sampling approach by investing not less than 60% of the Fund’s NAV in the top 15 constituent stocks of the FBMSHA that represent approximately 64% of the market capitalization of the index (as at 31 March 2018). The balance will be invested in the next remaining constituent stocks of FBMSHA and any other Shariah – compliant securities listed on Bursa Malaysia.
- The Fund shall invest a minimum 90% of its NAV in equities with a minimum 60% among the top 15 constituent stocks of the FBMSHA. However equity investment in the Fund shall not exceed 99.5% of its NAV. The balance will be placed Islamic money market instruments, Islamic deposit placements 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 Trustees 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% |
*Other things remain unchanged
Average Total Return
Fund / Benchmark | For The Period Ended 31 March 2022 | |||
1 Year | 3 Years | 5 Years | 10 Years | |
PMB SIF | 7.73% | 13.89% | 4.49% | 4.01% |
FBMSHA | (10.27%) | 1.98% | (4.13%) | (0.58%) |
Source: Lipper
Annual Total Return
Annual Total Return for the Past 10 Financial Year-Ending 31 March
Year | PMB SIF | Benchmark |
2023 | 7.73% | (10.27%) |
2022 | (3.22%) | (7.04%) |
2021 | 41.69% | 27.15% |
2020 | (8.04%) | (13.54%) |
2019 | (8.29%) | (11.66%) |
2018 | 5.80% | 3.27% |
2017 | 0.58% | 2.50% |
2016 | (3.39%) | (4.75%) |
2015 | 3.37% | 2.40% |
2014 | 13.72% | 14.99% |
2013 | 4.38% | 3.33% |
Financial Year End | 2023 | 2022 | 2021 |
Gross Distribution Per Unit – Cash (sen) | *2.40 | *1.80 | *1.70 |
Net Distribution Per Unit – Cash (sen) | *2.40 | *1.80 | *1.70 |
* Distribution is in the form of units.
2023 | 2022 | 2021 |
0.59 times | 0.60 times | 1.28 times |
Asset Allocation.
Year | 2023 | 2022 | 2021 |
Shariah-compliant Equities | 94.33% | 98.81% | 97.04% |
Islamic Deposit Placement & Others | 5.67% | 1.19% | 2.96% |
Historical Financial Highlights
Financial Year Ending 31 March
Extract of Audited Statement of Income and Expenditure
Financial Year End 31 March | 2023 | 2022 | 2021 | |
Total Investment Income/(loss) | (RM) | 1,533,002 | (410,661) | 5,097,727 |
Total Expenses | (RM) | (160,500) | (183,265) | (241,070) |
Profit/(Loss) before Taxation | (RM) | 1,372,502 | (593,926) | 4,856,657 |
Taxation | (RM) | – | – | – |
Profit/(Loss) after Taxation | (RM) | 1,372,502 | (593,926) | 4,856,657 |
Extract of Audited Statement of Assets and Liabilities
Financial Year End 31 March | 2023 | 2022 | 2021 | |
Total Investment | (RM) | 15,820,591 | 14,248,785 | 20,303,924 |
Other Asset | (RM) | 355,674 | 422,628 | 685,975 |
Total Assets | (RM) | 16,176,265 | 14,671,413 | 20,989,899 |
Total Liabilities | (RM) | (872,772) | (1,410,999) | (1,456,387) |
Net Asset Value | (RM) | 15,303,493 | 13,260,414 | 19,533,512 |
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 | ||||
(RM’000) | (%) | (RM’000) | (%) | (RM’000) | (%) | (RM’000) | (%) | |
PMB SIF | 88 | 0.60 | 7 | 0.05 | 12 | 0.08 | 107 | 0.73 |
Management Expenses Ratio (MER)
The TER of the Fund for the respective latest financial year are as follows:
Fund/Financial Year End | 2023 | 2022 | 2021 |
PMB SIF | 0.73% | 0.75% | 0.73% |
Total Return
Average Total Return
Fund / Benchmark | For The Period Ended 31 March 2022 | |||
1 Year | 3 Years | 5 Years | 10 Years | |
PMB SIF | 7.73% | 13.89% | 4.49% | 4.01% |
FBMSHA | (10.27%) | 1.98% | (4.13%) | (0.58%) |
Source: Lipper
Annual Total Return
Annual Total Return for the Past 10 Financial Year-Ending 31 March
Year | PMB SIF | Benchmark |
2023 | 7.73% | (10.27%) |
2022 | (3.22%) | (7.04%) |
2021 | 41.69% | 27.15% |
2020 | (8.04%) | (13.54%) |
2019 | (8.29%) | (11.66%) |
2018 | 5.80% | 3.27% |
2017 | 0.58% | 2.50% |
2016 | (3.39%) | (4.75%) |
2015 | 3.37% | 2.40% |
2014 | 13.72% | 14.99% |
2013 | 4.38% | 3.33% |
Distribution Highlight
Financial Year End | 2023 | 2022 | 2021 |
Gross Distribution Per Unit – Cash (sen) | *2.40 | *1.80 | *1.70 |
Net Distribution Per Unit – Cash (sen) | *2.40 | *1.80 | *1.70 |
* Distribution is in the form of units.
Portfolio Turnover Ratio (PTR)
2023 | 2022 | 2021 |
0.59 times | 0.60 times | 1.28 times |
Asset Allocation
Asset Allocation.
Year | 2023 | 2022 | 2021 |
Shariah-compliant Equities | 94.33% | 98.81% | 97.04% |
Islamic Deposit Placement & Others | 5.67% | 1.19% | 2.96% |
Historical Performance
Historical Financial Highlights
Financial Year Ending 31 March
Extract of Audited Statement of Income and Expenditure
Financial Year End 31 March | 2023 | 2022 | 2021 | |
Total Investment Income/(loss) | (RM) | 1,533,002 | (410,661) | 5,097,727 |
Total Expenses | (RM) | (160,500) | (183,265) | (241,070) |
Profit/(Loss) before Taxation | (RM) | 1,372,502 | (593,926) | 4,856,657 |
Taxation | (RM) | – | – | – |
Profit/(Loss) after Taxation | (RM) | 1,372,502 | (593,926) | 4,856,657 |
Extract of Audited Statement of Assets and Liabilities
Financial Year End 31 March | 2023 | 2022 | 2021 | |
Total Investment | (RM) | 15,820,591 | 14,248,785 | 20,303,924 |
Other Asset | (RM) | 355,674 | 422,628 | 685,975 |
Total Assets | (RM) | 16,176,265 | 14,671,413 | 20,989,899 |
Total Liabilities | (RM) | (872,772) | (1,410,999) | (1,456,387) |
Net Asset Value | (RM) | 15,303,493 | 13,260,414 | 19,533,512 |
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 | ||||
(RM’000) | (%) | (RM’000) | (%) | (RM’000) | (%) | (RM’000) | (%) | |
PMB SIF | 88 | 0.60 | 7 | 0.05 | 12 | 0.08 | 107 | 0.73 |
Management Expenses Ratio (MER)
The TER of the Fund for the respective latest financial year are as follows:
Fund/Financial Year End | 2023 | 2022 | 2021 |
PMB SIF | 0.73% | 0.75% | 0.73% |
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
Equity-related Securities Risk
Shariah Status Reclassification Risk
- 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;
- 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
- 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 :
Sales Charge (imposed for every transaction performed) |
6.0% | |
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) |
|
Rate is determined by the appointed bankers |
Distribution Channel(s) |
|
Payable indirectly by you :
Management Fee | 0.6 % per annum |
Trustee Fee | 0.05% per annum |
Other Fees Charged by the Fund |
|
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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