PMB SHARIAH TACTICAL FUND
Category
Growth
Income
Mixed Asset
Risk
Medium
Horizon
Long
Medium
Daily Fund Price
NAV per Unit (RM)
0.3794
Change (RM)
-0.0005
Change (%)
-0.1316
Closing Prices For 09 Dec 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
Average Total Return
Fund / Benchmark |
For The Period Ended 31 December 2018
|
|||
1 Year | 3 Year | 5 Year | 10 Year | |
PMB STF
|
(13.20%)
|
(10.65%)
|
(6.00%)
|
(1.81%)
|
Source: Lipper
Annual Total Return
Year |
PMB STF
|
Benchmark |
2018 | (13.20%) | 7.76% |
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%) |
- 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 | 2018 | 2017 | 2016 |
Gross Distribution Per Unit – Cash (sen)
|
– | – | 0.75 |
Net Distribution Per Unit – Cash (sen)
|
– | – | *0.75 |
2018 | 2017 | 2016 |
1.42 times
|
1.17 times
|
1.23 times
|
Asset Allocation.
Year | 2018 | 2017 | 2016 |
Equities | 54.14% | 84.39% | 58.07% |
Deposit Placement & Others | 45.86% | 15.61% | 41.93% |
Historical Financial Highlights
Financial Year End 31 December
|
2018 | 2017 | 2016 | |
Total Investment Income/(loss) | (RM) | (1,196,052) | (1,580,985) | (481,870) |
Total Expenses
|
(RM) | (310,975) | (383,751) | (438,162) |
Net Income/(loss) before taxation | (RM) | (1,507,027) | (1,964,736) | (920,032) |
Taxation | (RM) | (17,140) | – | (430) |
Net Income/(loss) after taxation | (RM) | (1,524,167) | (1,964,736) | (920,462) |
Financial Year End 31 December
|
2018 | 2017 | 2016 | |
Total Investment | (RM) | 8,897,747 | 11,327,958 | 13,846,093 |
Other Asset | (RM) | 1,681,957 | 1,070,310 | 976,728 |
Total Assets | (RM) | 10,579,704 | 12,398,268 | 14,822,821 |
Total Liabilities | (RM) | (19,238) | (21,843) | (285,888) |
Net Asset Value | (RM) | 10,560,466 | 12,376,425 | 14,536,933 |
Unit Holders Funds | (RM) | 10,560,466 | 12,376,425 | 14,536,933 |
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
(MER)
|
||||
(RM’000) | (%) | (RM’000) | (%) | (RM’000) | (%) | (RM’000) | (%) | |
PMB
Tactical
Fund
|
173 | 1.51 | 6 | 0.05 | 25 | 0.21 | 204 | 1.77 |
Management Expenses Ratio (MER)
Fund/Financial Year End | 2018 | 2017 | 2016 |
PMB Tactical Fund
|
1.77% | 1.95% | 1.97% |
Total Return
Average Total Return
Fund / Benchmark |
For The Period Ended 31 December 2018
|
|||
1 Year | 3 Year | 5 Year | 10 Year | |
PMB STF
|
(13.20%)
|
(10.65%)
|
(6.00%)
|
(1.81%)
|
Source: Lipper
Annual Total Return
Year |
PMB STF
|
Benchmark |
2018 | (13.20%) | 7.76% |
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%) |
- 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 | 2018 | 2017 | 2016 |
Gross Distribution Per Unit – Cash (sen)
|
– | – | 0.75 |
Net Distribution Per Unit – Cash (sen)
|
– | – | *0.75 |
Portfolio Turnover Ratio (PTR)
2018 | 2017 | 2016 |
1.42 times
|
1.17 times
|
1.23 times
|
Asset Allocation
Asset Allocation.
Year | 2018 | 2017 | 2016 |
Equities | 54.14% | 84.39% | 58.07% |
Deposit Placement & Others | 45.86% | 15.61% | 41.93% |
Historical Performance
Historical Financial Highlights
Financial Year End 31 December
|
2018 | 2017 | 2016 | |
Total Investment Income/(loss) | (RM) | (1,196,052) | (1,580,985) | (481,870) |
Total Expenses
|
(RM) | (310,975) | (383,751) | (438,162) |
Net Income/(loss) before taxation | (RM) | (1,507,027) | (1,964,736) | (920,032) |
Taxation | (RM) | (17,140) | – | (430) |
Net Income/(loss) after taxation | (RM) | (1,524,167) | (1,964,736) | (920,462) |
Financial Year End 31 December
|
2018 | 2017 | 2016 | |
Total Investment | (RM) | 8,897,747 | 11,327,958 | 13,846,093 |
Other Asset | (RM) | 1,681,957 | 1,070,310 | 976,728 |
Total Assets | (RM) | 10,579,704 | 12,398,268 | 14,822,821 |
Total Liabilities | (RM) | (19,238) | (21,843) | (285,888) |
Net Asset Value | (RM) | 10,560,466 | 12,376,425 | 14,536,933 |
Unit Holders Funds | (RM) | 10,560,466 | 12,376,425 | 14,536,933 |
Total Annual Expenses
Total Annual Expenses
Fund | Mgt Fee | Trustee Fee | Fund Expenses |
Total Expenses
(MER)
|
||||
(RM’000) | (%) | (RM’000) | (%) | (RM’000) | (%) | (RM’000) | (%) | |
PMB
Tactical
Fund
|
173 | 1.51 | 6 | 0.05 | 25 | 0.21 | 204 | 1.77 |
Management Expenses Ratio (MER)
Fund/Financial Year End | 2018 | 2017 | 2016 |
PMB Tactical Fund
|
1.77% | 1.95% | 1.97% |
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 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 |
|
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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