Download FUND FACTSHEET – APRIL 2016 RHB MALAYSIA DIVA FUND

FUND FACTSHEET – APRIL 2016
All data expressed as at 31 March 2016
unless otherwise stated
RHB MALAYSIA DIVA FUND
This Fund aims to provide total returns primarily through investment in equity and equity related securities of companies which offer potentially high dividend yields and
sustainable dividend payments.
INVESTOR PROFILE
INVESTMENT STRATEGY
This Fund is suitable for Investors who:
• are looking for potential income through equities that offer dividend and growth potential; and
• have medium to long term investment horizon.
• Up to 100% of NAV: Investments in equities and/or fixed
income securities or liquid assets.
FUND PERFORMANCE ANALYSIS
FUND DETAILS
Performance Chart Since Launch*
Investment Manager
Trustee
Fund Category
Fund Type
Cumulative Performance (%)*
1 Month
Fund
2.19
Benchmark
0.28
3 Months
-4.91
0.82
6 Months
5.76
1.65
YTD
-4.91
0.82
3 Years
25.22
10.00
5 Years
41.03
16.98
Since Launch
198.23
78.96
2014
-12.69
3.20
2013
35.55
3.15
2012
11.47
3.15
1 Year
-2.46
3.30
Fund
Benchmark
Calendar Year Performance (%)*
2015
Fund
10.85
Benchmark
3.30
Launch Date
Unit NAV
Fund Size (million)
Units In Circulation (million)
Financial Year End
MER (as at 31 March 2015)
Min. Initial Investment
Min. Additional Investment
Benchmark
Sales Charge
Redemption Charge
Annual Management Fee
Annual Trustee Fee
Switching Fee
Redemption Period
Distribution Policy
Source: Lipper IM
2011
4.28
3.03
*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.
*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.
FUND PORTFOLIO ANALYSIS
Sector Allocation*
Industrial Products
21.21%
Consumer Products
17.55%
Property
12 Months
0.5969
0.4377
Since Launch
1.7254
0.3451
12.81%
Construction
10.21%
Finance
Source: Lipper IM
7.21%
ACE Market
6.59%
Technology
5.16%
Consumer
2.84%
MM,Cash & Others
-10%
FUND STATISTICS
Historical NAV (RM)
1 Month
High
0.5104
Low
0.4491
24.72%
Trading / Services
RHB Asset Management Sdn.
Bhd.
CIMB Islamic Trustee Bhd
Equity Fund
Income and Capital Growth
Fund
03 May 1999
RM0.4501
RM8.16
18.13
31 March
1.74%
RM1,000.00
RM100.00
Maybank's 12 mths FD Rate
Up to 6.00% of NAV per unit
None
Up to 1.50% p.a. of NAV*
0.08% p.a. of NAV, subject to
a min. of RM18,000 p.a.*
RM25.00 per switch
Within 10 days after receipt
the request to repurchase
Annually, if any
-8.30%
0%
10%
20%
Top Holdings (%)*
SIGNATURE INTERNATIONAL BERHAD
UNITED U-LI CORPORATION BHD
AIRASIA BHD
MALAYAN BANKING BHD
SUIWAH CORPORATION BHD
*As percentage of NAV
RHB Asset Management Sdn Bhd (174588-x)
30%
5.77
4.25
4.22
3.88
3.75
Historical Distributions (Last 5 Years) (Net)
Distribution
Yield (%)
(sen)
28 Mar 2016
5.5000
10.74
15 Apr 2015
6.5000
10.70
27 Mar 2014
6.2000
9.87
29 Mar 2013
3.8849
N/A
30 Mar 2012
3.9062
N/A
Source: RHB Asset Management Sdn. Bhd.
Head Office: 19th Floor, Plaza OSK, Jalan Ampang, 50450 Kuala Lumpur
General Line: 603-2164 3036
FUND FACTSHEET – APRIL 2016
All data expressed as at 31 March 2016
unless otherwise stated
RHB MALAYSIA DIVA FUND
This Fund aims to provide total returns primarily through investment in equity and equity related securities of companies which offer potentially high dividend yields and
sustainable dividend payments.
MANAGER'S COMMENTS
MARKET REVIEW
The FTSE Bursa Malaysia KLCI (KLCI) ended the month positively by gaining 3.8%, outperforming overall ASEAN market (+1.02%) driven by strong foreign inflows, delay in the
Fed rate hike, and higher oil prices. Bank Negara Malaysia maintained its OPR unchanged at 3.25% while inflation rate rose at a faster than expected pace of 4.2% following
higher food prices and a jump in alcoholic beverages and tobacco. Moody's revised Malaysia A3 rating outlook to stable from positive on Malaysia's long term economic
prospects given its structural strengths and diversified economy. A slew of major infrastructure projects were awarded and expected to be accelerated in the coming month
which will boost the economy.
MARKET OUTLOOK & STRATEGY
Global economy is expected to expand 3.3% in 2016 from 2.8% in 2015 underpinned by robust growth in advanced economies, moderate recovery in emerging markets as
China economy stabilizing. The subsequent tightening cycle from the Fed are expected to be gradual and will proceed smoothly as the US economy improves amid low
inflation environment whilst other central banks maintain accommodative monetary policy stance. Nonetheless, equity market will continue to be volatile as growth remains
fragile and could be derailed by quicker pace of normalization of monetary policy. The state of China economy, crude oil prices and strength of dollar will come under scrutiny
for spillover effects on asset allocation and capital flows.
Global portfolio adjustments would continue from bonds to equities, mainly supported by accelerating global growth under low inflation environment whilst offsetting rising
bond yield as a result of normalization of interest rates in the US. Equities in developed markets are likely to maintain the momentum to outperform whilst the Fed interest
rates increase will take a toll on emerging markets on currency fluctuation and higher borrowing costs. Emerging markets equities are likely to suffer from high volatility in the
short-term, however, expect emerging markets to experience spillover effect from developed markets broadening growth.
ASEAN is in healthy shape with a superior debt position relative to many markets in the West and is, in our view, standing on the brink of a multi-year structural growth story.
The OECD projects an average annual growth of 5.5% for ASEAN over the next five years. Over the last decade, ASEAN GDP growth was driven by the ex-Singapore renaissance.
Strong GDP growth was the result of rising productivity, the burgeoning middle class, young demographics in a huge population, governments’ pro-stimulus policies on large
scale infrastructure projects and increasing intra-regional trade flows as FTA come to the force.
Malaysia is expected to achieve a GDP growth of 4%-5% in 2016 from 4.5%-5.5% in 2015 driven by private investment and accelerate selected public infrastructure projects.
Weak ringgit should sustain foreign direct investment inflows into manufacturing and services projects whilst boosting the earnings of export-led companies. The major
concern in 2016, however, will be continuity of monetary policy after the retirement of Bank Negara Governor Tan Sri Zeti, slower growth dragged by weak oil prices and delay
in executing public infrastructure projects.
We remained focus on investing in good quality companies with resilient earnings while we continue to hold on to our main thesis of investing on urbanization, and
government’s initiative in economic transformation projects. The key strategy would be to be nimble at adding or initiating new positions in well-managed companies that
demonstrate a sustainable business models and decent dividend payouts with competitive advantages during the downside of the market.
DISCLAIMER:
Based on the fund’s portfolio returns as at 15 March 2016, the Volatility Factor (VF) for this fund is 18.6 and is classified as “ Very High”. (source: Lipper) “Very High” includes
funds with VF that are above 10.6 (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 2015 which is calculated once every six months and is valid until its
next calculation date, i.e. 30 June 2016.
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 15 July 2015 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 stock market risk, liquidity risk, individual stock risk, interest rate risk, credit / default risk and issuer 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.
RHB Asset Management Sdn Bhd (174588-x)
Head Office: 19th Floor, Plaza OSK, Jalan Ampang, 50450 Kuala Lumpur
General Line: 603-2164 3036