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Income and Capital Growth Fund

Smart Investment Choice for Constant Capital Growth


Fund Factsheet 30 September 2016

The fund's objective is to provide investors with income and capital growth for
*medium to **long term through investments that comply with ethical principles as
defined in the prospectus.

INVESTOR PROFILE
The fund is suitable for investors who :desire income and capital returns from the equity and bond markets.
would like to channel their resources to companies that demonstrate socially responsible practices relating to the environment and community.
* ( medium term - a period between 3 to 5 years)
** ( long term - a period of more than 5 years)

FUND DETAILS AS AT 30 SEPTEMBER 2016


Fund Inception
Financial Year
Unit In Circulation
Unit NAV
Fund Category
Initial Sales Charge
Annual Management Fee
Benchmark
Asset Allocation

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INVESTMENT COMMITTEE MEMBERS


Tan Sri Abdul Wahid Omar (Chairman)
Tan Sri Dato' Dr. Wan Mohd. Zahid bin Mohd. Noordin
Tan Sri Dato' Md. Desa bin Pachi

January 7, 2003
August 31
531.76 Million
RM 0.3583
Equity Fund
Up to 6.50% of NAV per unit (not inclusive of GST)
1.50% of NAV
100% of the FBM KLCI
70% - 98% in equities
2% to 30% in cash or bonds (or a combination of both)

ETHICAL PANEL OF ADVISORS


Dato' Seri Dr. Haji Arshad bin Haji Hashim (Chairman)
Dato' Noor Farida binti Mohd Ariffin
Datuk Ibrahim bin Muhammad

PERFORMANCE RECORD
3 Years Growth Total Return from 30 September 2013 to 30 September 2016

Asset Allocation as at 30 September 2016

21%
79%

Equities

Cash & cash equivalent

Source : Lipper(G) - Equity Malaysia Income


Cumulative Total Return

Asset Allocation as at 30 September 2016

YTD (1 January 2016 - 30 September 2016)


1 - Month (31 August 2016 - 30 September 2016)
6 - Month (31 March 2016 - 30 September 2016)
1 - Year (30 September 2015 - 30 September 2016)
3 - Year (30 September 2013 - 30 September 2016)
5 - Year (30 September 2011 - 30 September 2016)
10 - Year (30 September 2006 - 30 September 2016)
Source : Lipper(G) - Equity Malaysia Income

Fund (%)
0.31
-0.17
0.13
5.55
6.51
58.14
259.36

Rank

High
0.4035
0.4035
0.6338
0.6338
0.9118

Low
0.3558
0.3558
0.3558
0.3558
0.3558

7
8
7
1

High/Low NAV (RM)


6 - Month (31 March 2016 - 30 September 2016)
1 - Year (30 September 2015 - 30 September 2016)
3 - Year (30 September 2013 - 30 September 2016)
5 - Year (30 September 2011 - 30 September 2016)
10 - Year (30 September 2006 - 30 September 2016)
Price as at 30 September 2016
RM 0.3583

Income Distribution Declared by Management Company


Net (sen per unit)
Yield (%)
2011
6.85
13.75
2012
6.91
14.64
2013
6.88
14.20
2014
Unit Split 1:5
2015
5.00
9.76
2016
4.00
10.84
Source : Lipper

/
/
/
/

15
14
14
12

Equities
Construction
Finance
Industrial Product
Infrastructure/IPC
Plantations
Consumer Products
Trading & Services
REITS
Technology
Properties
Warrants
TOTAL

% of
portfolio
1.54
20.57
4.80
1.27
8.99
0.00
30.69
3.38
2.15
5.20
0.16
78.74

Top 10 Largest Holdings in Equity


1) TENAGA NASIONAL BERHAD
2) PUBLIC BANK BERHAD
3) OLDTOWN BERHAD
4) CIMB GROUP HOLDINGS BERHAD
5) BURSA MALAYSIA BERHAD
6) MALAYSIA AIRPORTS HOLDINGS BERHAD
7) GENTING PLANTATIONS BERHAD
8) MALAYAN BANKING BERHAD
9) SIME DARBY BERHAD
10) HONG LEONG BANK BERHAD

Based on the fund's portfolio returns as at 15 September 2016 the Volatility Factor (VF) for this fund is 9.1 and its Volatility Class (VC) is classified as "High" (source: Lipper). The VF means there is a possibility for the fund in
generating an upside return or downside return around this VF. The VC is assigned by Lipper based on quintile ranks of VF for qualified funds. The fund's portfolio may have changed and there is no guarantee that the fund 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 for Conventional Funds dated 17 September 2016, and the Product Highlight Sheet (PHS) before investing. The Prospectus has been registered and
lodged with the Securities Commission Malaysia. Among others, investor should consider the fees and charges involved. The pri ce of units and distributions payable, if any, may go down as well as up. Past performances of the fund
should not be taken as indicative of its future performance. Where a distribution is declared, investors are advised that fol lowing the distribution, the NAV per unit will be reduced from pre -unit split NAV/ cum-distribution NAV to
post-unit split NAV/ex-distribution NAV. In the case of the unit split, the value of the investment in Malaysia ringgit will rem ain unchanged after the distribution of the additional units. Investments in the fund is exposed to equity
specific risk, credit and default risk, interest rate risk, country risk and currency risk. Units will only be issued on rece ipt of an application form referred to and accompanying the Prospectus which can be obtained at Amanah Mutual
Berhad and any distribution channels as mentioned in the Prospectus.
34th Floor Menara PNB, 201-A Jalan Tun Razak, 50400 Kuala Lumpur. Tel: +603-2034 0800 Fax: +603 2163 3212/2535
Email: ambcare@pnb.com.my Website: www.ambmutual.com.my

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Income and Capital Growth Fund


Smart Investment Choice for Constant Capital Growth
Fund Review as at 30 September 2016

The fund's objective is to provide investors with income and capital growth for
*medium to **long term through investments that comply with ethical principles as
defined in the prospectus.
* ( medium term - a period between 3 to 5 years)
** ( long term - a period of more than 5 years)

INVESTOR PROFILE
The fund is suitable for investors who :desire income and capital returns from the equity and bond markets.
would like to channel their resources to companies that demonstrate socially responsible practices relating to the environment and community.

RATING

Lipper Total Return


Lipper Consistent Return
Lipper Preservation Return

3- Year
3
2
3

5-Year
3
3
4

REVIEW

Market Review
For the month, the FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) closed 1.5% lower at 1,653 points. The broader market
outperformed as the FTSE Bursa Malaysia EMAS Index (FBM Emas) declined by only 0.8% to close at 11,688 points while the FTSE Bursa Malaysia
SmallCap Index (FBM Small Cap Index) rose 1.5% to 15,394 points. Among regional bourses, Hong Kong and Singapore were the outperformers while
Japan, China, and Thailand were laggards.

September was a volatile month for Malaysia as the FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) initially rebounded post the United
States (US) Federal Reserves decision to leave rate unchanged following their September meeting. However, the positive sentiment was overturned by
negative developments on the financial health of Deutsche Bank, the largest German bank.
On the local corporate front, Ekovest Berhad has proposed to sell a 40% interest in Konsortium Lebuhraya Utara-Timur (KL) Sdn Bhd for RM1.1 billion to
Employees Provident Fund (EPF). Meanwhile, Transport Minister Datuk Seri Liow Tiong Lai affirmed that a new Passenger Service Charge (PSC) rate
structure would be implemented across all Malaysian airports by 1 January 2017.
At the Monetary Policy Committee (MPC) meeting, Bank Negara Malaysia maintained the Overnight Policy Rate (OPR) at 3.00% citing that the rate is
consistent with the policy stance to ensure that the domestic economy is on a steady growth path amid stable inflation.

Managers Comments

The fund outperformed the benchmark mainly due to asset allocation and stock selection. The fund was holding some cash and this helped to cushion
the fund from the decline in the general market during the month. The top performing holdings for the fund were Berjaya Food Berhad, Oldtown
Berhad, and IJM Plantations Berhad.
The manager anticipates higher market volatility in the run up to the US Presidential Elections in Nov 2016 and the possibility of a US interest rate hike by
year end. As a result of market volatility, the manager would take advantage of market declines to add. We would employ a stockpicking strategy to
generate outperformance. The focus would be on undervalued companies to ride on selected investment themes including companies that provide good
and services that have relatively resilient demand, beneficiaries of higher construction spending, strong consumer franchises, and companies that offer
attractive dividend yield.

Investors are advised to read and understand the contents of the Master Prospectus for Conventional Funds dated 17 September 2016, and the Product Highlight Sheet (PHS) before investing.
The Prospectus has been registered and lodged with the Securities Commission Malaysia. Among others, investor should consider the fees and charges involved. The price of units and
distributions payable, if any, may go down as well as up. Past performances of the fund should not be taken as indicative of its future performance. Where a distribution is declared, investors
are advised that following the distribution, the NAV per unit will be reduced from pre-unit split NAV/ cum-distribution NAV to post-unit split NAV/ex-distribution NAV. In the case of the unit
split, the value of the investment in Malaysia ringgit will remain unchanged after the distribution of the additional units. Investments in the fund is exposed to equity specific risk, credit and
default risk, interest rate risk, country risk and currency risk. Units will only be issued on receipt of an application form referred to and accompanying the Prospectus which can be obtained at
Amanah Mutual Berhad and any distribution channels as mentioned in the Prospectus.
34th Floor Menara PNB, 201-A Jalan Tun Razak, 50400 Kuala Lumpur. Tel: +603-2034 0800 Fax: +603 2163 3212/2535
Email: ambcare@pnb.com.my Website: www.ambmutual.com.my

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