PMB WHOLESALE SUKUK FUND

Category

Income

Wholesale Sukuk

Risk

Moderate

Horizon

Long

Medium

Daily Fund Price

NAV per Unit (RM)

1.1412

Change (RM)

0.0002

Change (%)

0.0175

Closing Prices For 09 Dec 2019

*Net Aset Value (NAV) Per Unit

Objective

The Fund aims to provide investors with consistent income stream* and steady capital appreciation in the medium to long term, by investing primarily in sukuk.

∗ Income distribution will be paid in the form of units

Financial Year End

31 December

Asset Allocation

The asset allocation for the Fund is as follows:

  • Minimum 70% of the Fund’s NAV in sukuk; and
  • Maximum 30% of the Fund’s NAV in Islamic money market instruments, Islamic deposit placements and/or products, Shariah-compliant collective investment schemes, and/or other permitted investments.

The asset allocation strategy will be reviewed periodically to suit market condition and expectation. The Manager will adjust its exposure in sukuk to a minimum level of 50% to mitigate any potential loss when a general downturn in the sukuk market is expected.

 

Concurrently, the balance will be placed in Islamic money market instruments, Islamic deposit placements and/or products, Shariah-compliant collective investment schemes and/or other Shariah-compliant permitted investment to a maximum level of 50% for income, flexibility for investment or reinvestment, or sufficient liquidity for redemption request. The level will be adjusted in accordance with the Manager’s market outlook.

Investors Profile

The fund is suitable for qualified investors who:

  • have moderate risk tolerance;
  • have a medium to long term investment horizon;
  • seek a combination of income and capital appreciation from investments; and
  • seek Shariah-compliant investments.

Principal Risk(s)

General Risks Investing in the Fund

  • Financing Risk – due to the investment is made through borrowing
  • Fund Manager’s Risk – due to the poor management or investment strategies
  • Inflation Risk – due to the loss of purchasing power
  • Non-compliance Risk – due to the breach of the laws, rules and regulations

 

Specific Risks Investing in the Fund

  • Credit/ Default Risk – due to the non-payment and/or untimely payment of the principal amount as well as the profits when they fall due when the Fund invests in sukuk. A Fund’s investor may suffer significant capital losses with respect to their capital invested and profit purpose.
  • Profit/ Interest Rate Risk – due to the change in the profit/interest rate environment affecting the performance of the sukuk portfolio of the Fund. Generally, there is an inverse relationship between profit/interest rate and sukuk prices, where an increase of profit/interest rate may lower the prices of the sukuk.
  • Liquidity Risk – due to the difficulty to liquidate the investment instruments of the Fund at their fair value in view of insufficient trading volume.

Trustee

Amanahraya Trustees Berhad

Others

Product Highlight Sheet (PHS) 449 KB Download File
Information Memorandum 434 KB Download File

What Unit Trust Fund Are You Investing In?

  • Investment Objective
    To provide investors with consistent income stream* and a steady capital appreciation in the medium
    to long term by investing primarily in sukuk.
  • Distribution Policy
    Income distribution on an annual basis, subject to the availability of income.
Average Total Return

Fund / Benchmark For The Period Ended 31 December 2018
1 Year 3 Years
PMB WSF 4.61% 3.59%
Benchmark 3.54% 4.19%

Source: Lipper

Annual Total Return

Annual Total Return since inception For The Year-Ending 31 December

Year PMB WSF Benchmark
2018 4.61% 3.54%
2017 3.84% 3.36%
2016 4.13% 3.86%
Financial Year End 2018 2017 2016
Gross Distribution Per Unit – Cash (sen) 2.50 2.50 2.00
Net Distribution Per Unit – Cash (sen) 2.50 2.50 2.00

* Distribution is in the form of units.

2018 2017 2016
1.76 0.26 0.99

The PTR was higher than the previous year as a result of an active turnover in order to get better return

Asset Allocation.

Year 2018 2017 2016
Sukuk 63.98% 65.03% 66.93%
Islamic Money Market Deposits 36.02% 34.97% 32.82%

 

Historical Financial Highlights

Financial Year Ending 31 December

Extract of Audited Statement of Income and Expenditure

Financial Year End 31 December 2018 2017 2016
Total Investment Income/(loss) (RM) 847,120 704,047 1,104,273
Total Expenses (RM) (131,846) (130,683) (164,388)
Net Income/(loss) before taxation (RM) 715,274 573,364 939,885
Taxation (RM)
Net Income/(loss) after taxation (RM) 715,274 573,364 939,885

 

Extract of Audited Statement of Assets and Liabilities

Financial Year End 31 December 2018 2017 2016
Total Investment (RM) 16,093,177 15,329,496 14,768,456
Other Asset (RM) 148,470 188,942 176,235
Total Assets (RM) 16,241,647 15,518,438 14,944,691
Total Liabilities (RM) (391,547) (381,796) (302,679)
Net Asset Value (RM) 15,850,100 15,136,642 14,642,012
Unit Holders Funds (RM) 14,983,849 14,623,849 14,342,945

 


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 WSF 119 0.75 3 0.02 10 0.06 132 0.83
Management Expenses Ratio (MER)

The MER of the Fund for the respective latest financial year are as follows:

Fund/Financial Year End 2018 2017 2016
PMB WSF 0.83% 0.86% 0.86%
Total Return
Average Total Return

Fund / Benchmark For The Period Ended 31 December 2018
1 Year 3 Years
PMB WSF 4.61% 3.59%
Benchmark 3.54% 4.19%

Source: Lipper

Annual Total Return

Annual Total Return since inception For The Year-Ending 31 December

Year PMB WSF Benchmark
2018 4.61% 3.54%
2017 3.84% 3.36%
2016 4.13% 3.86%
Distribution Highlight
Financial Year End 2018 2017 2016
Gross Distribution Per Unit – Cash (sen) 2.50 2.50 2.00
Net Distribution Per Unit – Cash (sen) 2.50 2.50 2.00

* Distribution is in the form of units.

Portfolio Turnover Ratio (PTR)
2018 2017 2016
1.76 0.26 0.99

The PTR was higher than the previous year as a result of an active turnover in order to get better return

Asset Allocation
Asset Allocation.

Year 2018 2017 2016
Sukuk 63.98% 65.03% 66.93%
Islamic Money Market Deposits 36.02% 34.97% 32.82%

 

Historical Performance
Historical Financial Highlights

Financial Year Ending 31 December

Extract of Audited Statement of Income and Expenditure

Financial Year End 31 December 2018 2017 2016
Total Investment Income/(loss) (RM) 847,120 704,047 1,104,273
Total Expenses (RM) (131,846) (130,683) (164,388)
Net Income/(loss) before taxation (RM) 715,274 573,364 939,885
Taxation (RM)
Net Income/(loss) after taxation (RM) 715,274 573,364 939,885

 

Extract of Audited Statement of Assets and Liabilities

Financial Year End 31 December 2018 2017 2016
Total Investment (RM) 16,093,177 15,329,496 14,768,456
Other Asset (RM) 148,470 188,942 176,235
Total Assets (RM) 16,241,647 15,518,438 14,944,691
Total Liabilities (RM) (391,547) (381,796) (302,679)
Net Asset Value (RM) 15,850,100 15,136,642 14,642,012
Unit Holders Funds (RM) 14,983,849 14,623,849 14,342,945

 

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 WSF 119 0.75 3 0.02 10 0.06 132 0.83
Management Expenses Ratio (MER)

The MER of the Fund for the respective latest financial year are as follows:

Fund/Financial Year End 2018 2017 2016
PMB WSF 0.83% 0.86% 0.86%

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)
Nil
Repurchase Charge Nil
Switching Fee Nil
Transfer Fee N/A
Other Charges
(imposed for every transaction
performed)
  • Bank charges
  • Telegraphic Transfer
    charges
Rate is determined by
the appointed
bankers
Distribution Channel(s)
  • UTC
  • Direct Purchase

 

Payable indirectly by you :

Management Fee Up to 0.75 % p.a. of the NAV of the Fund, calculated daily
Trustee Fee 0.02% p.a. of the NAV of the Fund, calculated daily
Other Fees Charged by the Fund
  • Fees paid to brokers/dealers;
  • Auditor’s fee;
  • Tax adviser’s fee;
  • Valuation fee;
  • Taxes;
  • Custodial Charges;
  • Tax voucher/distribution warrants; and
  • Any other fees/expenses permitted by the Deed

 

*Note: In addition, the above fees and charges are subject to the tax 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

Top 5 industrial sector

N/A

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