Manulife Investment Al-Faid Fund Report - March 2018

Transcription

1. Monthly Review March 2018 6 .8 moderate Manulife Investment Al-Faid 15 Feb 18 FUND REVIEW & STRATEGY FUND TYPE / CATEGORY Growth / Islamic Equity 10-YEAR PERFORMANCE AS AT 28 FEBRUARY 2018 * 100% 80% FUND OBJECTIVE To provide Unit Holders with medium- to long-term capital growth through investments in a diversified portfolio of equities which are Shariah-compliant. 60% 40% 20% 0% -20% -40% -60% Feb-08 Sep-08 Apr-09 Nov-09 Jun-10 Jan-11 Aug-11 Mar-12 Oct-12 May-13 Dec-13 Jul-14 Fund Benchmark INVESTOR PROFILE The Fund is designed for those seeking investments that comply with Shariah requirements and are willing to accept a medium to high level of risk. Investors should have a medium- to long-term investment horizon of between 3 and 5 years. The Fund is suitable for investors who seek long-term capital appreciation from their investments. Corporate earnings growth momentum is expected to pick-up, following capacity expansion over the past two years. Our strategy is to focus on companies that will benefit from cyclical opportunities such as a robust economic backdrop, against which corporate earnings are set to catch up with GDP growth, and firm commodity prices. That said, we are cognizant of rising policies’ risk and the resulting volatilities in currencies and fund flows. As such, we are more vigilant in our investments, focusing on valuations and earnings visibility with a more opportunistic approach. TOTAL RETURN OVER THE FOLLOWING PERIODS ENDED 28 FEBRUARY 2018 * 1-Month 6-Month YTD 1-Year 3-Year 5-Year 10-Year -1.83 -1.69 1.33 5.32 -1.78 0.94 7.30 8.39 11.88 2.34 39.57 20.91 75.06 35.12 2013 2014 2015 2016 15.36 0.82 9.02 -1.98 Fund (%) 13.29 -4.17 2.35 -6.14 Benchmark (%) *Source: Lipper; Past performance is not necessarily indicative of future performance. The performance is calculated on NAV-to-NAV basis. 2017 11.87 10.72 Fund (%) Benchmark (%) FUND MANAGER Manulife Asset Management Services Berhad (834424-U) TRUSTEE HSBC (Malaysia) Trustee Bhd (1281-T) FUND DETAILS (As At 28 February 2018) NAV/Unit RM 0.3818 Fund Size RM 177.48 mil Units In Circulation 464.88 mil 30 Jun 2003 Fund Launch Date 22 Jul 2003 Fund Inception Date 31 Jul Financial Year Currency Management Fee Trustee Fee Sales Charge Redemption Charge Distribution Frequency Benchmark MYR Up to 1.5% of NAV p.a. Up to 0.06% of NAV Up to 6.5% of NAV per unit Nil Incidental FTSE Bursa Malaysia EMAS Shariah Index Feb-15 Sep-15 Apr-16 Nov-16 Jun-17 Jan-18 CALENDAR YEAR RETURNS * TOP 5 HOLDINGS No. 1 2 3 4 5 ASSET/ SECTOR ALLOCATION % NAV 8.6 5.7 4.5 4.3 4.0 Security Name TENAGA NASIONAL BHD TELEKOM MALAYSIA BHD PETRONAS GAS BHD TIME DOTCOM BHD IHH HEALTHCARE BHD HIGHEST & LOWEST NAV 2015 0.4391 0.3596 High Low 2016 0.4122 0.3720 2017 0.4096 0.3729 No. 1 2 3 4 5 6 7 8 9 Asset/ Sector Name TRADING/SERVICES INDUSTRIAL PRODUCTS PLANTATIONS INFRASTRUCTURE CONSTRUCTION CONSUMER PRODUCTS CASH INSTRUMENT TECHNOLOGY PROPERTIES % NAV 33.0 18.3 8.8 8.1 7.8 7.3 7.3 4.8 4.6 COUNTRY ALLOCATION DISTRIBUTION BY FINANCIAL YEAR Distribution (Sen) Distribution Yield (%) 2015 2016 2017 3.00 7.1 2.85 7.2 2.95 7.6 No. Country Name 1 MALAYSIA 2 CASH INSTRUMENT % NAV 92.7 7.3 Based on the Fund's portfolio returns as at 31 Jan 2018 the Volatility Factor (VF) for the Funds are as indicated in the table above and are classified as in the table (source: Lipper). "Very High" includes Funds with VF that are above 10.615, "High" includes Funds with VF that are above 7.975 but not more than 10.615 "Moderate" includes Funds with VF that are above 6.045 but not more than 7.975, "Low" includes Funds with VF that are above 1.785 but not more than 6.045 and "Very Low" includes Funds with VF that are above 0.000 but not more than 1.785 (source:FiMM). The VF means there is a possiblity for the Funds in generating an upside return or downside return around this VF. The Volatility Class (VC) is assigned by Lipper based on quintile ranks of VF for qualified Funds. VF is subject to monthly revision and VC will be revised every six months. The Fund's portfolio may have changed since this date and there is no guarantee that the Funds will continue to have the same VF or VC in the future. Presently, only Funds launched in the market for at least 36 months will display the VF and its VC. Investors are advised to read and understand the contents of the Master Prospectus dated 30 June 2017 and the Supplemental Master Prospectus (If any) and the respective Product Highlights Sheet(s), obtainable at our offices, before investing. The prospectuses has been registered with the Securities Commission Malaysia who takes no responsibility for its contents. Investors should also consider the fees and charges involved. The price of units and investment returns, may go down as well as up. Where a unit split/distribution is declared, you are advised that following the issue of additional units/distribution, the NAV per unit will be reduced from pre-unit split NAV/cum-distribution NAV to post-unit split NAV/ex-distribution NAV; and where a unit split is declared, the value of your investment in Malaysian ringgit will remain unchanged after the distribution of the additional units. Past performances of the Fund are not an indication of the Fund's future performance. The NAV disclosed hereof may differ from actual final NAV due to certain adjustments. Units will only be issued on receipt of the application form accompanying the prospectuses. There are risks involved with investing in the Fund. Some of these risks associated with investments in the Fund are currency risk, country risk and non-compliance risk. For further details on the risk profile of the Fund, please refer to the Risk Factors section of the Master Prospectus. The Information contained herein has been obtained and/or derived from sources believed to be reliable, the Company makes no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of this document. Investor should rely on their own evaluation to assess the merits and risk of the investment. In considering the investment or the information provided, investors who are in doubt as to the action to be taken should consult their professional adviser immediately. This document is provided to you for information purposes only and should not be construed as and shall not form part of an offer or solicitation to buy or sell any unit trust. It may not be reproduced, distributed or published by any recipient for any purpose.