PMB SHARIAH SMALL-CAP FUND
Category
Equity
Growth
Risk
Horizon
Daily Fund Price
NAV per Unit (RM)
0.6843
Change (RM)
0.014
Change (%)
2.0886
Closing Prices For 18 Jan 2021
*Net Aset Value (NAV) Per Unit
Objective
The objective of the Fund is to achieve capital growth over the medium to long term period by investing primarily in small-sized Shariah compliant companies listed on Bursa Malaysia, in term of market capitalization.
Financial Year End
31 July 2019
Asset Allocation
The Fund shall invest between 70% and 99.5% of its NAV in Shariah-compliant equity securities. The balance will be invested in Islamic money market instruments, Islamic deposit placements, sukuk, equity-related securities and/or other permitted investments
Investors Profile
The Fund is suitable for investors who:
- have a high risk tolerance level;
- have a medium to long term investment horizon;
- prefer a portfolio that conforms to Shariah principles; and
- seek for capital appreciation from an aggressive Shariah-compliant fund.
Principal Risk(s)
- Equity market risk
- Stock specific risk
- Liquidity risk
- Shariah status reclassification risk
Trustee
CIMB Islamic Trustee Berhad
Others
Product Highlight Sheet (PHS) | 614 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 to achieve capital growth over the medium to long term period by investing primarily in small – sized Shariah compliant companies listed on the Bursa Malaysia, in term of market capitalization.
- 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 between 50 % and 99.5% in a diversified portfolio of Shariah – compliant equity securities of small – sized listed companies on Bursa Malaysia with market capitalization of at least RM250 million but not more than RM1 billion (at the points of acquisition).
- However the Fund may invest up to 20% of its NAV in securities of companies with market capitalization in excess of RM1 billion but not more than RM7 billion ( at the point of acquisition).
- The Fund will focus its investment on companies with growth prospects in medium to long term horizon, reasonably good earnings, quality management and good corporate governance, as analyzed by the Manager. In view of the Fund’s objective, the designated fund manager will trade the securities depending on the securities market conditions.
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 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% |
Average Total Return
Fund / Benchmark | 1 Year | 3 Years |
PMB SSCF |
19.99%
|
(2.16%) |
FBM SCSI |
9.64%
|
(6.52%) |
Source: Lipper
Annual Total Return
Year | PMB SSCF | Benchmark |
2019 |
(5.55%)
|
(9.72%)
|
2018 |
(17.37%)
|
(17.47%)
|
2017 | 9.64% | 19.99% |
Financial Year End | 2019 | 2018 | 2017 |
Gross Distribution Per Unit – Cash (sen)
|
– | – | – |
Net Distribution Per Unit – Cash (sen)
|
– | – | – |
2019 | 2018 | 2017 |
0.62 times | 1.44 times | 2.82 times |
The PTR was lower than the previous year as a result of a decrease in trading activities undertaken by the Fund during the financial year.
Asset Allocation.
Year | 2019 | 2018 | 2017 |
Shariah Compliant Equities |
88.06%
|
95.22%
|
84.43%
|
Islamic Deposit Placement & Others |
11.94%
|
4.78%
|
15.57%
|
The Fund’s exposure in equities was marginally reduced to 88.06% in 2019.
Historical Financial Highlights
Financial Year End | 2019 | 2018 | 2017 | |
Total Investment Income/(loss) | (RM) | (984,365) | (4,292,454) | 1,768,445 |
Total Expenses | (RM) | (494,718) | (629,904) | (174,795) |
Net Income/(loss) before taxation | (RM) | (1,479,083) | (4,922,358) | 1,593,650 |
Taxation | (RM) | – | – | – |
Net Income/(loss) after taxation | (RM) | (1,479,083) | (4,922,358) | 1,593,650 |
Extract of Audited Statement of Assets and Liabilities
Financial Year End | 2019 | 2018 | 2017 | |
Total Investment | (RM) |
25,687,829
|
25,855,256
|
24,871,499
|
Other Asset | (RM) | 180,043 | 2,492,679 | 1,448,461 |
Total Assets | (RM) | 25,867,872 | 28,347,935 | 26,319,960 |
Total Liabilities | (RM) |
39,070
|
(1,491,230)
|
(2,139,871)
|
Net Asset Value | (RM) | 25,828,802 | 26,856,705 | 24,180,089 |
Unit Holders Funds
|
(RM) | 25,828,802 | 26,856,705 | 24,180,089 |
PAST PERFORMANCE OF THE FUND IS NOT AN INDICATION OF ITS FUTURE PERFORMANCE.
Total Annual Expenses
Fund | Mgt Fee | Trustee Fee | Fund Expenses | Total Expenses | ||||
(RM’000) | (%) | (RM’000) | (%) | (RM’000) | (%) | (RM’000) | (%) | |
PMB
SSCF
|
388 | 1.50 | 13 | 0.05 | 8 | 0.03 | 409 | 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 SSCF | 1.58% | 1.70% | 2.10% |
Total Return
Average Total Return
Fund / Benchmark | 1 Year | 3 Years |
PMB SSCF |
19.99%
|
(2.16%) |
FBM SCSI |
9.64%
|
(6.52%) |
Source: Lipper
Annual Total Return
Year | PMB SSCF | Benchmark |
2019 |
(5.55%)
|
(9.72%)
|
2018 |
(17.37%)
|
(17.47%)
|
2017 | 9.64% | 19.99% |
Distribution Highlight
Financial Year End | 2019 | 2018 | 2017 |
Gross Distribution Per Unit – Cash (sen)
|
– | – | – |
Net Distribution Per Unit – Cash (sen)
|
– | – | – |
Portfolio Turnover Ratio (PTR)
2019 | 2018 | 2017 |
0.62 times | 1.44 times | 2.82 times |
The PTR was lower than the previous year as a result of a decrease in trading activities undertaken by the Fund during the financial year.
Asset Allocation
Asset Allocation.
Year | 2019 | 2018 | 2017 |
Shariah Compliant Equities |
88.06%
|
95.22%
|
84.43%
|
Islamic Deposit Placement & Others |
11.94%
|
4.78%
|
15.57%
|
The Fund’s exposure in equities was marginally reduced to 88.06% in 2019.
Historical Performance
Historical Financial Highlights
Financial Year End | 2019 | 2018 | 2017 | |
Total Investment Income/(loss) | (RM) | (984,365) | (4,292,454) | 1,768,445 |
Total Expenses | (RM) | (494,718) | (629,904) | (174,795) |
Net Income/(loss) before taxation | (RM) | (1,479,083) | (4,922,358) | 1,593,650 |
Taxation | (RM) | – | – | – |
Net Income/(loss) after taxation | (RM) | (1,479,083) | (4,922,358) | 1,593,650 |
Extract of Audited Statement of Assets and Liabilities
Financial Year End | 2019 | 2018 | 2017 | |
Total Investment | (RM) |
25,687,829
|
25,855,256
|
24,871,499
|
Other Asset | (RM) | 180,043 | 2,492,679 | 1,448,461 |
Total Assets | (RM) | 25,867,872 | 28,347,935 | 26,319,960 |
Total Liabilities | (RM) |
39,070
|
(1,491,230)
|
(2,139,871)
|
Net Asset Value | (RM) | 25,828,802 | 26,856,705 | 24,180,089 |
Unit Holders Funds
|
(RM) | 25,828,802 | 26,856,705 | 24,180,089 |
Total Annual Expenses
Total Annual Expenses
Fund | Mgt Fee | Trustee Fee | Fund Expenses | Total Expenses | ||||
(RM’000) | (%) | (RM’000) | (%) | (RM’000) | (%) | (RM’000) | (%) | |
PMB
SSCF
|
388 | 1.50 | 13 | 0.05 | 8 | 0.03 | 409 | 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 SSCF | 1.58% | 1.70% | 2.10% |
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 channeled 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)
|
IUTA, U
TC and direct
purchase
|
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 | 1.5% 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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