PMB SHARIAH PREMIER FUND
Category
Equity (Shariah)
Growth
Risk
Horizon
Daily Fund Price
NAV per Unit (RM)
0.3770
Change (RM)
0.0039
Change (%)
1.0453
Closing Prices For 25 Sep 2020
*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) | 756 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 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 |
| 2019 | (8.58%) | (6.99%) |
| 2018 | 13.31% | 0.45% |
| 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 | 2019 | 2018 | 2017 |
| Gross Distribution Per Unit – Cash (sen) | – | – | 1.50 |
| Net Distribution Per Unit – Cash (sen) | – | – | *1.50 |
* Distribution is in the form of units
| 2019 | 2018 | 2017 |
| 0.71 times | 0.94 times | 1.23 times |
The PTR was lower than the previous year as a result of decrease in trading activities undertaken by the Fund during the financial year.
Asset Allocation.
| Year | 2019 | 2018 | 2017 |
| Shariah Compliant Equities | 85.00% | 87.28% | 83.29% |
| Islamic Real Estate Investment Trust (REIT) | – | – | 3.78% |
| Islamic Deposit Placement & Others | 15.00% | 12.72% | 12.93% |
Historical Financial Highlights
Financial Year Ending 31 August
Extract of Audited Statement of Income and Expenditure
| Financial Year End 31 August | 2019 | 2018 | 2017 | |
| Total Investment Income/(loss) | (RM) | (6,438,134) | 9,566,924 | 7,093,947 |
| Total Expenses | (RM) | (1,901,272) | (1,461,905) | (1,243,058) |
| Net Income/(loss) before taxation | (RM) | (8,339,406) | 8,105,019 | 5,850,889 |
| Taxation | (RM) | – | – | – |
| Net Income/(loss) after taxation | (RM) | (8,339,406) | 8,105,019 | 5,850,889 |
Extract of Audited Statement of Assets and Liabilities
| Financial Year End 31 August | 2019 | 2018 | 2017 | |
| Total Investment | (RM) | 105,961,699 | 94,882,263 | 51,942,026 |
| Other Asset | (RM) | 4,982,343 | 1,499,388 | 1,013,681 |
| Total Assets | (RM) | 110,944,042 | 96,381,651 | 52,955,707 |
| Total Liabilities | (RM) | (3,042,686) | (6,895,056) | (2,416,403) |
| Net Asset Value | (RM) | 107,901,356 | 89,486,595 | 50,539,304 |
| Unit Holders Funds | (RM) | 107,901,356 | 89,486,595 | 50,539,304 |
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 | 1,477 | 1.50 | 49 | 0.05 | 29 | 0.03 | 1,555 | 1.58 |
Management Expenses Ratio (MER)
The MER of the Fund for the respective latest financial year are as follows:
| Fund/Financial Year End | 2019 | 2018 | 2017 |
| PMB SPF | 1.58% | 1.67% | 1.78% |
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 |
| 2019 | (8.58%) | (6.99%) |
| 2018 | 13.31% | 0.45% |
| 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 | 2019 | 2018 | 2017 |
| Gross Distribution Per Unit – Cash (sen) | – | – | 1.50 |
| Net Distribution Per Unit – Cash (sen) | – | – | *1.50 |
* Distribution is in the form of units
Portfolio Turnover Ratio (PTR)
| 2019 | 2018 | 2017 |
| 0.71 times | 0.94 times | 1.23 times |
The PTR was lower than the previous year as a result of decrease in trading activities undertaken by the Fund during the financial year.
Asset Allocation
Asset Allocation.
| Year | 2019 | 2018 | 2017 |
| Shariah Compliant Equities | 85.00% | 87.28% | 83.29% |
| Islamic Real Estate Investment Trust (REIT) | – | – | 3.78% |
| Islamic Deposit Placement & Others | 15.00% | 12.72% | 12.93% |
Historical Performance
Historical Financial Highlights
Financial Year Ending 31 August
Extract of Audited Statement of Income and Expenditure
| Financial Year End 31 August | 2019 | 2018 | 2017 | |
| Total Investment Income/(loss) | (RM) | (6,438,134) | 9,566,924 | 7,093,947 |
| Total Expenses | (RM) | (1,901,272) | (1,461,905) | (1,243,058) |
| Net Income/(loss) before taxation | (RM) | (8,339,406) | 8,105,019 | 5,850,889 |
| Taxation | (RM) | – | – | – |
| Net Income/(loss) after taxation | (RM) | (8,339,406) | 8,105,019 | 5,850,889 |
Extract of Audited Statement of Assets and Liabilities
| Financial Year End 31 August | 2019 | 2018 | 2017 | |
| Total Investment | (RM) | 105,961,699 | 94,882,263 | 51,942,026 |
| Other Asset | (RM) | 4,982,343 | 1,499,388 | 1,013,681 |
| Total Assets | (RM) | 110,944,042 | 96,381,651 | 52,955,707 |
| Total Liabilities | (RM) | (3,042,686) | (6,895,056) | (2,416,403) |
| Net Asset Value | (RM) | 107,901,356 | 89,486,595 | 50,539,304 |
| Unit Holders Funds | (RM) | 107,901,356 | 89,486,595 | 50,539,304 |
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 | 1,477 | 1.50 | 49 | 0.05 | 29 | 0.03 | 1,555 | 1.58 |
Management Expenses Ratio (MER)
The MER of the Fund for the respective latest financial year are as follows:
| Fund/Financial Year End | 2019 | 2018 | 2017 |
| PMB SPF | 1.58% | 1.67% | 1.78% |
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 :–
- 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 :
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) |
|
Rate is determined by the appointed bankers |
| Distribution Channel(s) |
|
Payable indirectly by you :
| Management Fee | 1.5% per annum |
| Trustee Fee | 1.5% 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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