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Asset Management Fund Fact Sheet

Thompson Asset Management Case
Course

Corporate Finance (FIN 7808)

4 Documents
Students shared 4 documents in this course
Academic year: 2022/2023
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FUND FACTSHEET – APRIL 2018

All data expressed as at 31 March 2018

unless otherwise stated

This Fund is suitable for Investors who:

• seek income and capital growth over the medium to long term;

• have moderate risk appetite; and

• seek investment opportunities in the Asian region.

Performance Chart Since Launch* Manager

Trustee HSBC (Malaysia) Trustee Bhd

Fund Category Feeder Fund

Fund Type Income Fund

Launch Date

Unit NAV RM0.

Fund Size (million) RM3,541.

Units In Circulation (million) 5474.

Financial Year End

MER (as at 31 July 2017) 0%

Min. Initial Investment RM1,000.

Min. Additional Investment RM100.

Benchmark

Cumulative Performance (%)*

1 Month 3 Months 6 Months YTD

Fund -1 -3 -1 -3 Sales Charge

Benchmark -1 -1 1 -1.

Redemption Charge None

1 Year 3 Years 5 Years Since Launch Annual Management Fee 1% p. of NAV*

Fund -0 20 45 70 Annual Trustee Fee Up to 0% p. of NAV*

Benchmark 7 16 33 51 Switching Fee RM25 per switch*

Redemption Period

Calendar Year Performance (%)*

2017 2016 2015 2014 2013 Distribution Policy Quarterly, if any

Fund 8 8 14 13 6.

Benchmark 15 7 16 10 11.

Source: Lipper IM

Sector Allocation* Country Allocation* Historical NAV (RM)

1 Month 12 Months Since Launch

High 0 0 0.

Low 0 0 0.

Source: Lipper IM

Historical Distributions (Last 4 Quarters) (Net)

29 Jan 2018 1 1.

Top Holdings (%)* 26 Oct 2017 0 0.

HK ELECTRIC INVESTMENTS & HK ELECTRIC INVESTMENTS LTD 2 20 Jul 2017 0 0.

CHINA CONSTRUCTION BANK 1 25 Apr 2017 0 0.

CAPITALAND COMMERCIAL TRUST REIT 1.

MAPLETREE GREATER CHINA COMMERCIAL TRUST REIT 1.

MAPLETREE INDUSTRIAL TRUST REIT 1.

*As percentage of NAV

*Source: Schroder, 31 March 2018. Exposure in Schroder Asian Income - 95%

RHB Asset Management Sdn Bhd (174588-x) Head Office: Level 8, Tower 2 & 3, RHB Centre, 50400 Kuala Lumpur General Line: 603-9205 8000

Up to 5% of investment

amount*

Within 10 days after receipt

the request to repurchase

Distribution

(sen)

Yield (%)

RHB ASIAN INCOME FUND

INVESTOR PROFILE INVESTMENT STRATEGY

FUND PERFORMANCE ANALYSIS FUND DETAILS

FUND PORTFOLIO ANALYSIS FUND STATISTICS

The Fund aims to provide income and capital growth over the medium to long term by investing in one target fund, i. the Schroder Asian Income.

• At least 95% of NAV: Investments in the units of Schroder

AI.

• 2% - 5% of NAV: Investments in liquid assets including

money market instruments and deposits with financial

institutions.

05 June 2012

31 July

RHB Asset Management Sdn.

Bhd.

50% MSCI AC Asia Pacific ex

Japan Net (RM) + 50% JP

Morgan Asia Credit Index

(SGD Hedged) (RM)

3%

2%

3%

3%

4%

5%

5%

7%

9%

10%

44%

0% 10% 20% 30% 40% 50%

Cash & Equivalents

Government

Basic Materials

Industrial

C. Discretionary

Global

Energy

Others

Telecommunications

Utilities

Financials

*For the purpose of computing the annual management fee and annual

trustee fee, the NAV of the Fund is exclusive of the management fee and

trustee fee for the relevant day.

*The implementation of GST will be effective from 1 April 2015 at the rate

of 6% and the fees or charges payable is exclusive of GST.

3%

3%

3%

4%

4%

5%

10%

13%

14%

16%

21%

0% 5% 10% 15% 20% 25%

Cash & Equivalents

South Korea

Thailand

Indonesia

India

Global

Others

Singapore

Australia

Hong Kong

China

FUND FACTSHEET – APRIL 2018

All data expressed as at 31 March 2018

unless otherwise stated

DISCLAIMER:

RHB Asset Management Sdn Bhd (174588-x) Head Office: Level 8, Tower 2 & 3, RHB Centre, 50400 Kuala Lumpur General Line: 603-9205 8000

RHB ASIAN INCOME FUND

MANAGER'S COMMENTS

The Fund aims to provide income and capital growth over the medium to long term by investing in one target fund, i. the Schroder Asian Income.

Based on the fund’s portfolio returns as at 15 March 2018, the Volatility Factor (VF) for this fund is 6 and is classified as “Moderate”. (source: Lipper) “Moderate” includes

funds with VF that are above 6 but not more than 8 (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 VC referred to was dated 31 December 2017 which is calculated once every six months

and is valid until its next calculation date, i. 30 June 2018.

A Product Highlights Sheet (“PHS”) highlighting the key features and risks of the Fund is available and investors have the right to request for a PHS. Investors are advised to

obtain, read and understand the PHS and the contents of the Master Prospectus dated 6 October 2017 and its supplementary(ies) (if any) (“the Master Prospectus”) before

investing. The Master Prospectus has been registered with the Securities Commission Malaysia who takes no responsibility for its contents. Amongst others, investors should

consider the fees and charges involved. Investors should also note that the price of units and distributions payable, if any, may go down as well as up. Where a distribution is

declared, investors are advised that following the issue of additional units/distribution, the NAV per unit will be reduced from cum-distribution NAV to ex-distribution NAV.

Any issue of units to which the Master Prospectus relates will only be made on receipt of a form of application referred to in the Master Prospectus. For more details, please

call 1-800-88-3175 for a copy of the PHS and the Master Prospectus or collect one from any of our branches or authorised distributors.

The Manager wishes to highlight the specific risks of the Fund are market risk in asia, credit risk, investment grade, below investment grade and unrated debt securities risk,

risks relating to distributions, emerging markets and frontier risk and derivatives risk. These risks and other general risks are elaborated in the Master Prospectus.

This factsheet is prepared for information purposes only. It does not have regard to the specific investment objectives, financial situation and the particular needs of any

specific person who may receive it. Past performance is not necessarily a guide to future performance. Returns may vary from year to year.

MARKET OVERVIEW

Asia ex Japan equities lost value in March amid concerns over trade sanctions between the US and China. The prospect of a regulatory backlash for major technology firms also

weighed on sentiment of the market. China and Hong Kong both posted negative returns on the wider trade concerns. Indian equities lagged as the ruling Bharatiya Janata

Party (BJP) lost in two by-elections. The smaller markets of the Philippines and Indonesia were the weakest index countries.

In fixed income, Asian credit was largely flat as risk sentiment was dampened by trade tensions concerns, sending credit spreads wider. A 25bps hike from the Fed as widely

expected by the markets, failed to provide support for the US dollar. The US Federal Reserve (Fed) continued to project three hikes this year, while forecasting a steeper path

of increase in 2019 and 2020. In a reversal of last month’s trend, the Asian investment grade sector rose and outperformed high yield as base yields moved lower. Asian local

currency bonds rose on the back of the resumed US dollar weakness.

Over the month, the Singapore dollar rose by +1% against the US dollar.

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Asset Management Fund Fact Sheet

Course: Corporate Finance (FIN 7808)

4 Documents
Students shared 4 documents in this course

University: University of Florida

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FUND FACTSHEET – APRIL 2018
All data expressed as at 31 March 2018
unless otherwise stated
This Fund is suitable for Investors who:
• seek income and capital growth over the medium to long term;
• have moderate risk appetite; and
• seek investment opportunities in the Asian region.
Performance Chart Since Launch* Manager
Trustee HSBC (Malaysia) Trustee Bhd
Fund Category Feeder Fund
Fund Type Income Fund
Launch Date
Unit NAV RM0.6465
Fund Size (million) RM3,541.37
Units In Circulation (million) 5474.26
Financial Year End
MER (as at 31 July 2017) 0.79%
Min. Initial Investment RM1,000.00
Min. Additional Investment RM100.00
Benchmark
Cumulative Performance (%)*
1 Month 3 Months 6 Months YTD
Fund -1.69 -3.14 -1.38 -3.14 Sales Charge
Benchmark -1.56 -1.93 1.27 -1.93
Redemption Charge None
1 Year 3 Years 5 Years Since Launch Annual Management Fee 1.80% p.a. of NAV*
Fund -0.15 20.77 45.89 70.59 Annual Trustee Fee Up to 0.08% p.a. of NAV*
Benchmark 7.23 16.40 33.60 51.15 Switching Fee RM25.00 per switch*
Redemption Period
Calendar Year Performance (%)*
2017 2016 2015 2014 2013 Distribution Policy Quarterly, if any
Fund 8.25 8.62 14.56 13.63 6.44
Benchmark 15.65 7.53 16.21 10.07 11.47
Source: Lipper IM
Sector Allocation* Country Allocation* Historical NAV (RM)
1 Month 12 Months Since Launch
High 0.6609 0.6836 0.6836
Low 0.6465 0.6465 0.5000
Source: Lipper IM
Historical Distributions (Last 4 Quarters) (Net)
29 Jan 2018 1.0000 1.48
Top Holdings (%)* 26 Oct 2017 0.4500 0.67
HK ELECTRIC INVESTMENTS & HK ELECTRIC INVESTMENTS LTD
2.00 20 Jul 2017 0.6700 0.99
CHINA CONSTRUCTION BANK 1.90 25 Apr 2017 0.5024 0.75
CAPITALAND COMMERCIAL TRUST REIT 1.80
MAPLETREE GREATER CHINA COMMERCIAL TRUST REIT 1.70
MAPLETREE INDUSTRIAL TRUST REIT 1.70
*As percentage of NAV
*Source: Schroder, 31 March 2018. Exposure in Schroder Asian Income - 95.51%
RHB Asset Management Sdn Bhd (174588-x) Head Office: Level 8, Tower 2 & 3, RHB Centre, 50400 Kuala Lumpur
General Line: 603-9205 8000
Up to 5.50% of investment
amount*
Within 10 days after receipt
the request to repurchase
Distribution
(sen)
Yield (%)
RHB ASIAN INCOME FUND
INVESTOR PROFILE
FUND PERFORMANCE ANALYSIS
FUND PORTFOLIO ANALYSIS
The Fund aims to provide income and capital growth over the medium to long term by investing in one target fund, i.e. the Schroder Asian Income.
05 June 2012
31 July
RHB Asset Management Sdn.
Bhd.
50% MSCI AC Asia Pacific ex
Japan Net (RM) + 50% JP
Morgan Asia Credit Index
(SGD Hedged) (RM)
3.10%
2.30%
3.00%
3.90%
4.80%
5.10%
5.60%
7.60%
9.90%
10.40%
44.40%
0% 10% 20% 30% 40% 50%
Cash & Equivalents
Government
Basic Materials
Industrial
C. Discretionary
Global
Energy
Others
Telecommunications
Utilities
Financials
*For the purpose of computing the annual management fee and annual
trustee
fee, the NAV of the Fund is exclusive of the management fee
and
trustee fee for the relevant day.
*The implementation of GST will be effective from 1 April 2015 at the rate
of 6% and the fees or charges payable is exclusive of GST.
3.10%
3.20%
3.70%
4.10%
4.40%
5.10%
10.50%
13.00%
14.70%
16.40%
21.70%
0% 5% 10% 15% 20% 25%
Cash & Equivalents
South Korea
Thailand
Indonesia
India
Global
Others
Singapore
Australia
Hong Kong
China

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