AmAl-Amin - eUnittrust.com.my

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3-year
Fund Volatility
AmAl-Amin
0.1
Very Low
December 2014
Lipper Analytics
31 Oct 2014
The Fund aims to provide you with a regular stream of "halal" monthly income* by investing in Islamic money market and other Islamic debt securities.
Note:*The income could be in the form of units or cash
The Fund is suitable for investors who:
• want to invest your cash portion of your investment porfolio
• want to preserve your capital
• want to invest your excess cash for short-term
• have short or medium-term investment goals
• desire a stream of "halal" monthly income*
Investment Strategy
• short to medium-term debt securities with minimum short-term local credit rating of P2 (by RAM) or
MARC2 (by MARC)
• long-term credit rating of A3 (by RAM) or A- (by MARC)
• conform to the principles of Shariah
• weighted average maturity of investments will not exceed 1 year
Top Holdings* (as at 30 November 2014)
National Bank of Abu Dhabi P.J.S.C. / AAA
Gulf Investment Corporation G.S.C. / AAA
Noble Group Limited / AA2
BGSM Management Sdn Bhd / AA3
CIMB Islamic Bank Berhad / AA+
5.70%
4.50%
4.50%
4.10%
4.00%
* As percentage of NAV. Please note that asset exposure for the fund is subject to frequent change on a daily basis.
Source: AmInvestment Services Berhad
Sector Allocation* (as at 30 November 2014)
AA, 39.35%
Source: AmInvestment Services Berhad
Fund Details
Fund Category / Type
Fund Launch Date
Offer Price at Launch
NAV (30 Nov 2014)
Total Units (30 Nov 2014)
Fund Size (30 Nov 2014)
Annual Management Fee
Annual Trustee Fee
Entry Charge
Exit Fee
Redemption Payment Period *
Fixed Income / Income
26 November 2001
MYR 1.0000
MYR 1.0000
449.67 million
MYR 452.55 million
Up to 0.75% p.a. of the NAV of the Fund
Up to 0.07% p.a. of the NAV of the Fund
Nil
Nil
the first RM1 million or less not later than the 10th day of
receipt of the repurchase notice
Cash, 37.50%
AAA, 23.15%
* As percentage of NAV. Please note that asset exposure for the fund is subject to frequent change on a daily basis.
Source: AmInvestment Services Berhad
* the next RM4 million withdrawn, not later than the 30th day
of receipt of the repurchase notice
* any amount above the first RM1 million and next RM4
million withdrawn, not later than the 45th day of receipt of
the repurchase notice
Investment Manager
Income Distribution
AmIslamic Funds Management Sdn Bhd
Income is calculated daily and paid monthly within 14 days
after the last day of each month or on full redemption
Fund Performance (as at 30 November 2014)
Cumulative performance over the period (%)
16.00
14.00
12.00
10.00
8.00
Source: AmInvestment Services Berhad
Manager's Commentary
6.00
Given the slowdown in economic activities (as reflected by the latest 3Q14 GDP growth), as well as a
moderating CPI, it was no surprise that BNM maintained the OPR at 3.25% in the final meeting of
2014. Consensus expectations of the next interest rate hike have now been pushed further towards
the end of 2015.
4.00
While BNM has continued to guide for inflation to remain above its long-term average for the next one
year, the recent plunge in crude oil prices to the current level of USD60 – USD70 per barrel may have
the potential to reduce the impact to inflation from the implementation of GST next April. Already,
RON 95 price has been revised downwards by 4 sen recently and is expected to drop further if crude
oil prices sustain at this level.
Nevertheless, the drop in crude oil prices is a double edged sword as a substantial part of the
Government’s revenue is derived from Energy related revenue. Hence, while low oil prices would be
favorable to the country's economy, as it brings down the costs to businesses and consumers as well
as less inflationary, per BNM Governor, a further drop beyond a certain threshold would impact
government revenue and hence development expenditure negatively.
The Fund remained primarily invested in good quality Islamic issuance especially short term bonds
and commercial papers to lower the overall risk of the Fund. The Fund's exposure to double-A papers
increased to 39.35% while liquidity stood at 37.50%.
For the month, we have participated into Islamic commercial papers and high yield Islamic short term
bonds to improve the yield of the portfolio.
2.00
0.00
Nov-09
Nov-14
AmAl-Amin
Malayan Banking Berhad Al-Mudharabah (GIA) 1-Month Rate
The value of units may go down as well as up. Past performance is not indicative of future performance.
Source: Lipper
Performance Data (as at 30 November 2014)
Fund (%)
*Benchmark (%)
1m
6m
1 yr
3 yrs
5 yrs
0.25
1.48
2.85
8.74
14.38
0.24
1.47
2.85
8.70
14.64
*Malayan Banking Berhad Al-Mudharabah (GIA) 1-Month Rate
Source: AmInvestment Services Berhad, Finance
Calender Year Return
Source: AmIslamic Funds Management Sdn Bhd
AmAl-Amin (%)
Malayan Banking Berhad AlMudharabah (GIA) 1-Month Rate
2013
2012
2011
2010
2009
2.77
2.84
2.70
2.41
2.29
2.75
2.83
2.88
2.77
2.70
*Malayan Banking Berhad Al-Mudharabah (GIA) 1-Month Rate
Source: AmInvestment Services Berhad, Finance
Growing your investments in a changing world
Based on the fund’s portfolio returns as at 31 October 2014, the Volatility Factor (VF) for this fund is 0.1 and is classified as "Very Low" (Source: Lipper). "Very Low" includes funds with VF that are lower 1.295 (source: Lipper). The VF means there is a
possibility for the fund 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 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.
The information contained in this promotional material is general information only and does not take into account your individual objectives, financial situations or needs. You should seek your own financial advice from an appropriately licensed adviser before
investing. We recommend that you read and understand the contents of the Master Prospectus dated 10 September 2014 (expires on 9 September 2015) that is registered with the Securities Commission Malaysia, who takes no responsibility for its
contents. For copies of the Prospectus, visit us at our nearest representative office. You should be aware that investments in unit trust funds carry risks. An outline of some of the risks is contained in the Prospectus. The specific risks associated with the
Fund are credit (default) risk, unstable NAV risk, Shariah non-compliance risk, income distribution risk, liquidity risk and interest rate risk as contained in the Prospectus. Unit prices and income distribution, if any, may rise or fall. Past performance of a fund is
not indicative of future performance. Please consider the fees and charges involved before investing. Units will be issued upon receipt of completed application form accompanying the Prospectus and subject to terms and conditions therein.
You have the right to request for a copy of the relevant fund’s Product Highlights Sheet. You are advised to read and understand the contents of the relevant fund’s Product Highlights Sheet before making any investment decision. A copy of the relevant
fund’s Product Highlights Sheet can be obtained from your attending unit trust consultant or nearest representative office. AmInvestment Services Berhad or AmInvestment Management Sdn. Bhd. does not guarantee any returns on the investments. In the
event of any dispute or ambiguity arising out of the other language translation in this leaflet, the English version shall prevail.
AmInvestment Services Berhad had issued its Privacy Notice, which details AmInvestment Services Berhad's use and processing of your personal information as required by Personal Data Protection Act 2010. The Privacy Notice can be accessed via
AmInvestment Services Berhad’s website www.aminvest.com and available at our head office. If you have any queries in relation to AmInvestment Services Berhad’s Privacy Notice, please feel free to contact our Client Service Officers at Tel: +603 2032
2888 OR e-mail: [email protected]
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