PMB SHARIAH TACTICAL FUND
Category
Growth
Income
Mixed Asset
Risk
Medium
Horizon
Long
Medium
Daily Fund Price
NAV per Unit (RM)
0.3804
Change (RM)
0.0016
Change (%)
0.4224
Closing Prices For 19 Aug 2019
*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 in a portfolio of investments that comply with Shariah principles.
Financial Year End
31 December
Asset Allocation
The Fund shall invest between 0% and 100% 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 moderate to high risk tolerance;
- Have a medium to long term investment horizon;
- Prefer a fund that conforms to Shariah principles; and
- Seek reasonable return and capital growth from a tactical shariah-compliant fund.
Principal Risk(s)
- Equity market risk
- Stock specific risk
- Shariah status reclassification risk
- Profit/interest rate risk
- Credit/default risk
Trustee
AmanahRaya Trustees Berhad
Others
| Product Highlight Sheet (PHS) | 890 KB | Download File |
What Unit Trust Fund Are You Investing In?
- You are investing in a unit trust fund constituted in Malaysia that aims to achieve capital growth over the medium to long term period by investing in a portfolio of investments that comply with Shariah principles.
- You may receive distribution annually (if any) from the Fund, subject to t he availability of income for the financial period. The distribution may be in the form of cash or additional units.
Investment Strategy
- The Fund will adopt a tactical asset allocation strategy and has the flexibility to rebalance its allocation between the different asset classes of Shariah – compliant equity and equity – related securities listed on Bursa Malaysia, sukuk, Islamic money markets instruments, Islamic deposit placements and/or other permitted investments, depending on market conditions.
- 0% – 100% of the Fund’s NAV – Shariah – compliant equity and/or equity – related securities
- 0% – 100% of the Fund’s NAV – 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 Trustees Berhad : the Trustee of the Fund
- BIMB Securities Sdn Bhd : the Shariah Adviser of the Fund
Possible Outcomes
As the Fund may invest between 0% – 100% in Shariah – compliant equity and/or equity – related securities and may also invest between 0% – 100% in Islamic money market instruments, Islamic deposit placements, sukuk and/or other permitted investments depending on market conditions, the prices of the units and the income from the Fund may also go down as well as up due to price fluctuations of the equities and debt securities and movement of profit/interest rate.
Average Total Return
| Fund / Benchmark |
For The Period Ended 31 December 2017
|
|||
| 1 Year | 3 Year | 5 Year | 10 Year | |
|
PMB STF
|
(13.13%)
|
(4.52%)
|
(1.37%)
|
(0.59%)
|
Source: Lipper
Annual Total Return
Annual Total Return for the Past 10 Financial Year – Ending 31 December
| Year |
PMB STF
|
Benchmark |
| 2017 | (13.13%) | 7.24% |
| 2016 | (5.43%) | 7.20% |
| 2015 |
5.94%
|
7.10% |
| 2014 | (2.87%) | 7.10% |
| 2013 | 10.42% | 10.39% |
| 2012 | 4.28% | 6.54% |
| 2011 | 15.56% | 21.76% |
| 2010 | 15.56% | 21.76% |
| 2009 | 10.82% | 38.87% |
| 2008 | (35.04%) | (48.39%) |
# Note :
- 25 October 2013 – 2 Times (2x) the performance of 1 – Year Adjusted Average Rate of Kuala Lumpur Islamic Reference Rate (KLIRR) (change of Fund’s investment objective that become a tactical fund.)
- 6 July 2009 – FBM Top 100 Index (adoption by Bursa Malaysia of FTSE Bursa Malaysia Index Series.)
- Prior to 6 July 2009 – KLCI
| Financial Year End | 2017 | 2016 | 2015 |
|
Gross Distribution Per Unit – Cash (sen)
|
– | 0.75 | 1.00 |
|
Net Distribution Per Unit – Cash (sen)
|
– |
*0.75
|
*1.00
|
* Distribution is in the form of units
| 2017 | 2016 | 2015 |
|
1.17 times
|
1.23 times
|
1.15 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 | 2017 | 2016 | 2015 |
| Equities |
84.39%
|
58.07% | 69.15% |
|
Islamic Real Estate Investment Trust (REIT)
|
– | – | 2.13% |
| Deposit Placement & Others |
15.61%
|
41.93% | 28.72% |
The Fund’s exposure in equities was marginally increased to 84.39 % in 2017.
Historical Financial Highlights
Financial Year Ending 31 December
Extract of Audited Statement of Income and Expenditure
|
Financial Year End 31 December
|
2017 | 2016 | 2015 | |
| Total Investment Income/(loss) | (RM) | (1,580,985) | (481,870) | 1,375,011 |
|
Total Expenses
|
(RM) | (383,751) | (438,162) | (439,762) |
| Net Income/(loss) before taxation | (RM) | (1,964,736) | (920,032) | 935,249 |
| Taxation | (RM) | – | (430) | (6,527) |
| Net Income/(loss) after taxation | (RM) | (1,964,736) | (920,462) | 928,722 |
Extract of Audited Statement of Assets and Liabilities
|
Financial Year End 31 December
|
2017 | 2016 | 2015 | |
| Total Investment | (RM) | 11,327,958 | 13,846,093 | 14,939,903 |
| Other Asset | (RM) | 1,070,310 | 976,728 | 1,602,746 |
| Total Assets | (RM) | 12,398,268 | 14,822,821 | 16,542,649 |
| Total Liabilities | (RM) | (21,843) |
(285,888)
|
(397,270 |
| Net Asset Value | (RM) | 12,376,425 | 14,536,933 | 16,145,379 |
| Unit Holders Funds | (RM) | 12,376,425 | 14,536,933 | 16,145,379 |
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
Tactical
Fund
|
215 | 1.50 | 7 | 0.05 | 57 | 0.40 | 279 | 1.95 |
Management Expenses Ratio (MER)
The MER of the Fund for the respective latest financial year are as follows:
| Fund/Financial Year End | 2017 | 2016 | 2015 |
|
PMB Tactical Fund
|
1.95% |
1.97%
|
1.93%
|
Total Return
Average Total Return
| Fund / Benchmark |
For The Period Ended 31 December 2017
|
|||
| 1 Year | 3 Year | 5 Year | 10 Year | |
|
PMB STF
|
(13.13%)
|
(4.52%)
|
(1.37%)
|
(0.59%)
|
Source: Lipper
Annual Total Return
Annual Total Return for the Past 10 Financial Year – Ending 31 December
| Year |
PMB STF
|
Benchmark |
| 2017 | (13.13%) | 7.24% |
| 2016 | (5.43%) | 7.20% |
| 2015 |
5.94%
|
7.10% |
| 2014 | (2.87%) | 7.10% |
| 2013 | 10.42% | 10.39% |
| 2012 | 4.28% | 6.54% |
| 2011 | 15.56% | 21.76% |
| 2010 | 15.56% | 21.76% |
| 2009 | 10.82% | 38.87% |
| 2008 | (35.04%) | (48.39%) |
# Note :
- 25 October 2013 – 2 Times (2x) the performance of 1 – Year Adjusted Average Rate of Kuala Lumpur Islamic Reference Rate (KLIRR) (change of Fund’s investment objective that become a tactical fund.)
- 6 July 2009 – FBM Top 100 Index (adoption by Bursa Malaysia of FTSE Bursa Malaysia Index Series.)
- Prior to 6 July 2009 – KLCI
Distribution Highlight
| Financial Year End | 2017 | 2016 | 2015 |
|
Gross Distribution Per Unit – Cash (sen)
|
– | 0.75 | 1.00 |
|
Net Distribution Per Unit – Cash (sen)
|
– |
*0.75
|
*1.00
|
* Distribution is in the form of units
Portfolio Turnover Ratio (PTR)
| 2017 | 2016 | 2015 |
|
1.17 times
|
1.23 times
|
1.15 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 | 2017 | 2016 | 2015 |
| Equities |
84.39%
|
58.07% | 69.15% |
|
Islamic Real Estate Investment Trust (REIT)
|
– | – | 2.13% |
| Deposit Placement & Others |
15.61%
|
41.93% | 28.72% |
The Fund’s exposure in equities was marginally increased to 84.39 % in 2017.
Historical Performance
Historical Financial Highlights
Financial Year Ending 31 December
Extract of Audited Statement of Income and Expenditure
|
Financial Year End 31 December
|
2017 | 2016 | 2015 | |
| Total Investment Income/(loss) | (RM) | (1,580,985) | (481,870) | 1,375,011 |
|
Total Expenses
|
(RM) | (383,751) | (438,162) | (439,762) |
| Net Income/(loss) before taxation | (RM) | (1,964,736) | (920,032) | 935,249 |
| Taxation | (RM) | – | (430) | (6,527) |
| Net Income/(loss) after taxation | (RM) | (1,964,736) | (920,462) | 928,722 |
Extract of Audited Statement of Assets and Liabilities
|
Financial Year End 31 December
|
2017 | 2016 | 2015 | |
| Total Investment | (RM) | 11,327,958 | 13,846,093 | 14,939,903 |
| Other Asset | (RM) | 1,070,310 | 976,728 | 1,602,746 |
| Total Assets | (RM) | 12,398,268 | 14,822,821 | 16,542,649 |
| Total Liabilities | (RM) | (21,843) |
(285,888)
|
(397,270 |
| Net Asset Value | (RM) | 12,376,425 | 14,536,933 | 16,145,379 |
| Unit Holders Funds | (RM) | 12,376,425 | 14,536,933 | 16,145,379 |
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
Tactical
Fund
|
215 | 1.50 | 7 | 0.05 | 57 | 0.40 | 279 | 1.95 |
Management Expenses Ratio (MER)
The MER of the Fund for the respective latest financial year are as follows:
| Fund/Financial Year End | 2017 | 2016 | 2015 |
|
PMB Tactical Fund
|
1.95% |
1.97%
|
1.93%
|
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)
|
6.0% | |
|
Repurchase Charge
|
Nil | |
| Switching Fee |
Up to
RM25.00 per transaction
|
|
| Transfer Fee | Up to RM10.00 per transaction | |
|
Other Ch
arges
(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 |
0.10% 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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