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FUND FACTSHEET – FEBRUARY 2017
All data expressed as at 31 January 2017
unless otherwise stated
RHB GROWTH AND INCOME FOCUS TRUST
This Fund aims to achieve maximum total returns through a combination of long term growth of capital and current income.
INVESTOR PROFILE
INVESTMENT STRATEGY
This Fund is suitable for Investors who:
• seek long term capital appreciation through investments in high growth potential small cap securities whilst
requiring the flexibility of a conservative portfolio of fixed income securities in order to capitalise and adapt
to prevailing market conditions; and
• are willing to accept slightly higher risk in their investments than that normally associated with a general
balanced fund in order to achieve long term capital growth and income.
• 30% - 70% of NAV: Investments in securities of companies
with market capitalization of not more than RM750 million
(“small cap securities”).
• 30% - 70% of NAV: Investments in fixed income securities,
money market instruments, cash and deposits with financial
institutions.
FUND PERFORMANCE ANALYSIS
FUND DETAILS
Performance Chart Since Launch*
Investment Manager
Trustee
Fund Category
Fund Type
Cumulative Performance (%)*
1 Month
Fund
3.63
Benchmark
2.77
Launch Date
Unit NAV
Fund Size (million)
Units In Circulation (million)
Financial Year End
MER (as at 31 Dec 2016)
Min. Initial Investment
Min. Additional Investment
Benchmark
3 Months
-1.21
1.36
6 Months
-9.78
3.88
YTD
3.63
2.77
3 Years
13.53
21.73
5 Years
56.28
51.54
Since Launch
307.32
72.93
2015
22.73
12.80
2014
2.38
8.09
2013
25.10
21.51
Sales Charge
1 Year
-3.49
3.53
Fund
Benchmark
Calendar Year Performance (%)*
2016
Fund
-11.62
Benchmark
-1.96
Redemption Charge
Annual Management Fee
Annual Trustee Fee
Distribution Policy
2012
14.18
4.68
*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
FUND STATISTICS
Country Allocation*
Trading /
Services
33.35%
Unquoted
Bonds
Malaysia
22.13%
Consumer
Products
76.76%
Thailand
Cash
9.54%
10%
20%
Since Launch
0.9179
0.3795
4.52%
16.41%
0%
12 Months
0.4897
0.4217
Source: Lipper IM
Indonesia
Cash
Historical NAV (RM)
1 Month
High
0.4391
Low
0.4228
9.18%
18.58%
Industrial
Products
07 January 2005
RM0.4391
RM100.62
229.14
31 December
1.69%
RM200.00
Any amount
50% FBM Fledgling Index +
50% 12-month FD rate by
Maybank Berhad
Up to 5.26% of investment
amount
None
1.50% p.a. of NAV*
Up to 0.07% p.a. of NAV*
Annually, if any
*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.
Source: Lipper IM
Sector Allocation*
RHB Asset Management Sdn.
Bhd.
HSBC (Malaysia) Trustee Bhd
Equity (Small Cap) / Bond
Fund
High Growth and Income Fund
30%
Top Holdings (%)*
BANGKOK AVIATION FUEL SER PLC-FOR
PIE INDUSTRIAL BHD
BRIGHT FOCUS BHD 2.5% (24/01/2030)
UNITED U-LI CORPORATION
SLP RESOURCES BHD
*As percentage of NAV
RHB Asset Management Sdn Bhd (174588-x)
40%
9.54%
0%
9.18
7.16
6.71
6.63
6.60
50%
100%
Historical Distributions (Last 5 Years) (Net)
Distribution
Yield (%)
(sen)
16 Dec 2016
16 Dec 2015
2.0500
4.27
16 Dec 2014
2.7800
6.05
27 Dec 2013
7.8075
15.58
31 Dec 2012
7.4560
15.99
Source: RHB Asset Management Sdn. Bhd.
Head Office: Level 8, Tower 2 & 3, RHB Centre, 50400 Kuala Lumpur
General Line: 603-9205 8000
FUND FACTSHEET – FEBRUARY 2017
All data expressed as at 31 January 2017
unless otherwise stated
RHB GROWTH AND INCOME FOCUS TRUST
This Fund aims to achieve maximum total returns through a combination of long term growth of capital and current income.
MANAGER'S COMMENTS
LOCAL MARKET SUMMARY
FBMKLCI increased by +29.81 points in the month of January 2017, to close at 1671.54 points from 1641.73 points in December 2016, an increase of +1.82% on the month-onmonth (mom) and year-to-date (ytd) basis. The positive performance of the benchmark index was due to better market sentiments from the rising commodity prices and
increasing foreign inflows.
Crude Palm Oil (CPO) spot price increased by +3.17% mom in January 2017 to close at RM3300.00/tonne, similarly for ytd basis. The CPO price strengthened this month due to
lower output expectations.
Brent Crude Oil price declined by -1.97% mom in January 2017 to close at USD55.70/barrel, while on the ytd basis, it increased by the same percentage. The rising U.S. crude
supplies do affect short term sentiments, but price still supported by the agreement between OPEC and Non-OPEC to cut supplies for the next six months.
The Malaysia Ringgit appreciated by +1.27% mom to reach RM4.4300/USD from RM4.4870/USD in December 2016. The Ringgit strength could be due to better sentiments
from the rising commodities prices.
MARKET OUTLOOK AND STRATEGY
The steady improvement in the U.S. economy will led to expectations for gradual hike in U.S. interest rate, but not in a disorderly manner than will disrupt the stability of the
U.S. economy and also global growth. Developed nations will engage more in fiscal spending to complement accommodative monetary policy to support their economy. Asia
remains the attractive investment destination, given the higher GDP growth and earnings prospects.
Domestically, economic fundamentals remain intact and resilient, supported by the rising commodity prices and domestic demands, while fiscal and monetary policies remain
accommodative. The encouraging fiscal and monetary policies, will also help corporates to grow their earnings going forward. The stabilisation of the Ringgit, rising commodity
prices and continuous roll-out of infrastructure projects will also improve consumer sentiments and private consumptions. The bottoming of corporate earnings downgrade,
inexpensive valuations, end of foreign investor capitulation and solid corporate fundamentals will continue to be the positive catalysts for the equity market.
In terms of strategy, stock selections have become more important in the current volatile market. We will continue to focus in value investing, which encompass of value and
growth approach. The factors that we look for in companies includes long term earnings generation visibility, derived from its unique product offerings, new capacity and
market expansions, besides of their strong balance sheet and cashflows, which will benefit the fund in the longer term.
DISCLAIMER:
Based on the fund’s portfolio returns as at 15 January 2017, the Volatility Factor (VF) for this fund is 13.4 and is classified as “Very High”. (source: Lipper) “Very High” includes
funds with VF that are more than 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 2016 which is calculated once every six months and is valid until its
next calculation date, i.e. 30 June 2017.
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 3 August 2016 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 for the Fund are liquidity of underlying investments, interest rate risk, credit / default risk, inflation / purchasing power risk,
equity investment risks such as market risk and particular security 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: Level 8, Tower 2 & 3, RHB Centre, 50400 Kuala Lumpur
General Line: 603-9205 8000