Professional Documents
Culture Documents
2018
Commencing at 1,869 points at end-January 2018, the FBM KLCI trended lower in early February following overnight losses in the U.S. and
regional markets. The FBM KLCI closed at 1,856 points for the month of February to register a decline of 0.7%.
Regional markets generally moved lower in February following the sharp retracement in the U.S. market early in the month.
On Wall Street, the Dow Jones Industrial Average (DJIA) declined sharply in early February amid concerns over the prospect of higher-than-
expected interest rates in the U.S. The Index subsequently rebounded and recouped part of its losses in late February.
In North Asia, the China ‘H’ Shares market and the Shanghai
Performance (%) Composite Index contracted by 8.7% and 6.4% respectively in
As at
Index February. In South-East Asia, the Philippine and Singapore markets
28 February 2018
Jan’18 Feb’18 YTD* fell by 3.3% and 0.5% respectively over the same period.
North Asia
U.S., Europe & Others Tracking the FBM KLCI: 1 January 2014 to 28 February 2018
1< 2< 3< 4<
FBM KLCI touches FBM KLCI retreats on FBM KLCI retraces in FBM KLCI
Nasdaq 7,273 +7.4 -1.9 +5.4 a new record concerns of the tandem with the sell- rebounds amid a
intraday high of impact of softening oil down in global and moderate recovery
1,896 points on prices on the regional markets. in oil prices.
Dow Jones 25,029 +5.8 -4.3 +1.3 8 July 2014. Malaysian economy.
1
Economic Update Stock Market Outlook
Malaysia Global: The global market rebounded in late February following the
Malaysia’s Gross Domestic Product (GDP) growth eased from 6.2% in sell-off in early February. Although an improving macroeconomic
3Q 2017 to 5.9% in 4Q 2017 due to moderating investment spending environment and the U.S. pro-growth fiscal policies should continue
and export growth. Investment spending slowed from 6.7% in 3Q to underpin the equity markets, concerns over inflationary pressures
2017 to 4.3% in 4Q 2017 amid lower public investment. For the full and faster-than-expected interest rate hikes in the U.S. may cause
year, GDP growth rose from 4.2% in 2016 to a 3-year high of 5.9% in volatility in the U.S. equity market in the months ahead.
2017 on the back of firmer export growth and domestic demand.
China: Chinese companies are expected to report positive 4Q 2017
Malaysia’s GDP Growth Breakdown by Aggregate Demand earnings results in late February and March amid a pick-up in
Quarterly Annual business conditions. In the near term, the Chinese market is likely to
experience some volatility in reaction to global market uncertainties
(%) YoY
3Q 2017 4Q 2017 2017 2018F
^
as well as the Chinese government’s ongoing deleveraging exercise.
Private Consumption 7.2 7.0 7.0 6.8 Regional and Global Markets’ Valuations
Total Investment 6.7 4.3 6.2 5.0 Historic Prospective Discount / Estimated
P/E (2) P/E Premium Dividend
Government Spending 3.9 6.9 5.4 1.3 (x) (x) (%) Yield (%)
Exports 11.8 7.1 9.6 2.3 ASEAN
Imports 13.4 7.4 11.0 2.5 Thailand 13.2 16.5 +25.0 2.7
GDP Growth 6.2 5.9 5.9 5.0-5.5 Philippines 16.3 18.7 +14.7 1.5
Indonesia 14.9 16.9 +13.4 1.9
Malaysia’s GDP Growth Breakdown by Sector
Singapore 14.1 14.2 +0.7 3.6
Quarterly Annual
(%) YoY Malaysia 16.5 16.5 - 3.2
3Q 2017 4Q 2017 2017 2018F^
North Asia
Services 6.5 6.2 6.2 5.8 MSCI China 11.6 13.6 +17.2 2.1
Manufacturing 7.0 5.4 6.0 5.3 Hong Kong 12.3 12.0 3.2
-2.4 3.4
Agriculture 4.1 10.7 7.2 2.4 Taiwan 15.1 13.9* -7.9 4.0*
Mining 3.1 -0.5 1.1 0.9 Korea 11.0 9.4 -14.5 2.0
Construction 6.1 5.8 6.7 7.5
Japan 17.2 14.6 -15.1 2.0
GDP Growth 6.2 5.9 5.9 5.0-5.5
^
China 'H' Shares 9.7 7.9 -18.6 3.9
Source: Department of Statistics Malaysia Economic Report 2017/2018, MOF
Global Markets
Malaysia’s inflation rate eased to a 13-month low of 2.7% in January Australia 14.6 16.1 +10.3 4.4
2018 from 3.5% in December 2017 due to moderating food prices and (3)
Eurozone 13.9 14.2 +2.2 4.1
transportation costs.
U.S.(1) 17.3(3) 17.4 +0.6 2.0
The Ringgit eased by 0.5% against the United States Dollar (US$) to Source: Bloomberg, 28 February 2018
(1) (2)
* As at 27 February 2018
(3)
close at RM3.92/US$ for the month of February. On a year-to-date S&P 500 Index 2008-2017 historical average 1998-2017 historical average
basis, the Ringgit appreciated by 3.4% against the greenback.
Taiwan/Korea: After the sell-down in early February, investors may
China bargain-hunt for selected Taiwanese stocks with good fundamentals
as their valuations become more attractive. Meanwhile, the Korean
China’s export growth edged up to 11.1% in January 2018 from market is envisaged to trade range-bound in the near term following
10.9% in December 2017 on the back of higher exports to South the release of lower-than-expected corporate earnings results for 4Q
Korea and the South-East Asia region. Meanwhile, import growth 2017. However, the Korean market will continue to be supported by
surged to 36.9% from 4.5% over the same period as raw material and improving shareholder return policies and attractive market
ordinary imports rebounded. The trade surplus narrowed to US$20.3 valuations.
billion in January 2018 from US$54.7 billion in December 2017.
ASEAN: While the recent increase in volatility in the ASEAN markets
China’s official manufacturing Purchasing Managers' Index (PMI) is largely attributable to concerns over higher interest rates, the
inched down to 51.3 points in January 2018 from 51.6 points in majority of debt in the region is actually financed domestically.
December 2017 amid slower new orders and production levels. Moreover, the ASEAN banking sector stands to benefit from an
Meanwhile, the services PMI climbed to 55.3 points from 55.0 points expansion in net interest margins as interest rates increase.
over the same period. Additionally, the consumer sector in Indonesia, Thailand and
Malaysia is poised to benefit from a recovery in consumer spending in
U.S. tandem with rising incomes, higher commodity prices and ongoing
public spending within these markets.
The U.S. Institute of Supply Management’s manufacturing PMI eased
to 59.1 points in January 2018 from 59.3 points in December 2017
Malaysia: The Malaysian market is expected to take its cue from the
due to slower new orders and production levels. The non-
global markets following the recent bout of volatility in the equity
manufacturing PMI climbed to 59.9 points from 56.0 points over the
markets. Moving forward, Malaysia’s GDP growth is projected to
same period.
remain supported by sustained infrastructure spending and domestic
demand.
The U.S. inflation rate remained unchanged at 2.1% in January 2018
compared to the preceding month amid a sustained rise in housing
Bursa Securities registered a net outflow of RM1.1 billion from foreign
costs.
funds in February 2018, resulting in a total net inflow of RM2.3 billion
for the first two months of the year.
Driven by more jobs created in the services sector, total new non-
farm jobs rose to 200,000 jobs in January 2018 compared to a
Malaysia’s foreign reserves firmed by 1.2% to reach US$103.6 billion
revised 160,000 jobs added in December 2017. The unemployment
as at 15 February 2018 compared to US$102.4 billion at end-2017. At
rate was unchanged at 4.1% in January 2018 compared to the
the current level, the reserve position is sufficient to finance 7.1
preceding month.
months of retained imports and is equivalent to 1.1 times the short-
term external debt.
2
Bond Market Review and Outlook
RM billion Net Foreign Fund Flows on Bursa Malaysia
5.0 U.S. Treasury (UST) yields moved higher in February amid
4.4 expectations of a larger budget deficit from the U.S. government on
4.0 3.4 the back of the temporary budget agreement which was signed into
2.7 law. The yields of 3-year, 5-year and 10-year UST notes rose by 13 to
3.0
2.1 15 basis points (bps) to close at 2.41%, 2.64% and 2.86%
2.0 respectively.
1.0 0.9
1.0 0.3 0.4
The Malaysian Government Securities (MGS) benchmark yields
0.0 ended higher in tandem with the increase in UST yields and a softer
-0.2 -0.2 -0.1 Ringgit. Foreign holdings of MGS increased to RM168.61 billion in
-1.0
-0.8 January 2018 from RM164.44 billion in December 2017. The yields of
-1.1
-2.0 3-year, 5-year and 10-year MGS rose by 1 basis point to 7 bps to
Feb-17 May-17 Aug-17 Nov-17 Feb-18 close at 3.40%, 3.62% and 4.03% respectively.
Source: Bursa Malaysia The local corporate bond market was moderately traded in February.
In the AAA-rated space, the yields of 3-year, 5-year and 10-year
At the FBM KLCI’s closing level of 1,856 points on 28 February 2018, bonds rose by 3 to 8 bps to close at 4.31%, 4.51% and 4.85%
the local stock market was trading at a prospective P/E of 16.5x, respectively.
which was in line with its 10-year average. Meanwhile, the local
market’s dividend yield was 3.22%. In the AA-rated space, the yields of 3-year, 5-year and 10-year bonds
rose by 6 to 8 bps to close at 4.53%, 4.70% and 5.03% respectively.
P/E (x) Bursa Securities' P/E Ratio* Looking ahead, market participants will continue to closely monitor
25.0 the potential impact of the U.S. tax reform and interest rate outlook
28 Feb' 18:
on the global and domestic bond markets.
16.53x
20.0 Monthly Bond Yields
January 2018 February 2018 Change*
Tenor / Date
15.0 (%) (%) (bps)
3 Year Bonds
10.0
Average:
16.49x U.S. Treasury Bond 2.28 2.41 +13
5.0
MGS 3.39 3.40 +1
08 09 10 11 12 13 14 15 16 17 18
'AAA' Corporate Bond 4.28 4.31 +3
Note: Q = Quarter
3
Funds’ Performance Review
Equity - Local
Public Ittikal Fund (P ITTIKAL) 10.04.1997 4 5
Public Islamic Equity Fund (PIEF) 28.05.2003 4 6
Public Islamic Opportunities Fund (PIOF) 28.06.2005 5 7
Public Islamic Dividend Fund (PIDF) 14.02.2006 4 8
Public Islamic Sector Select Fund (PISSF) 13.11.2007 4 9
Public Islamic Select Treasures Fund (PISTF) 26.02.2008 5 10
Public Islamic Optimal Growth Fund (PIOGF) 08.04.2008 4 11
Public Islamic Select Enterprises Fund (PISEF) 14.08.2008 4 12
Public Islamic Alpha-40 Growth Fund (PIA40GF) 16.11.2010 4 13
Public Islamic Treasures Growth Fund (PITGF) 19.07.2011 5 14
Public Ittikal Sequel Fund (PITSEQ) 11.10.2011 4 15
Public Islamic Savings Fund (PISVF) 15.12.2011 4 16
Public Islamic Growth & Income Fund (PISGIF) 07.01.2014 4 17
Public Islamic Enterprises Equity Fund (PIENTEF) 18.03.2015 4 18
Public Islamic Advantage Growth Equity Fund (PIAVGEF) 08.09.2015 4 19
Public Islamic Emerging Opportunities Fund (PIEMOF) 30.03.2016 5 20
Equity - Regional
Public Asia Ittikal Fund (PAIF) 22.08.2006 5 21
Public Islamic Asia Dividend Fund (PIADF) 03.04.2007 5 22
Public China Ittikal Fund (PCIF) 20.11.2007 5 23
Public Islamic Asia Leaders Equity Fund (PIALEF) 19.01.2010 5 24
Public Islamic Optimal Equity Fund (PIOEF) 26.07.2016 5 25
Balanced - Local
Money Market
*Risk level is referred as follows: 5 – Very High, 4 – High, 3 – Moderate to High, 2 – Low to Moderate and 1 – Very Low
Please refer to page 40 for page reference index of the respective funds according to alphabetical order and financial year end.
4
PUBLIC ITTIKAL FUND (P ITTIKAL)
(1)
Fund Objective 3-year
Fund Volatility
5.6
To achieve steady capital growth over the medium to long term period by investing in a portfolio of investments that complies with Shariah
principles. low
Lipper Analytics
15 Feb 18
150%
Distribution History
0% Financial Distribution Distribution (2) Declaration Distribution Annualised
Year Type (Sen) Date Yield (%) Yield (%)
Interim 10.00 30.11.07 9.0
2008 14.6
-150% Final 5.00 30.5.08 5.1
May-97 Jul-02 Sep-07 Dec-12 Feb-18 2009 Final 6.00 29.5.09 7.7 7.7
Benchmark: 2010 Final 8.00 31.5.10 10.1 10.1
Kuala Lumpur Syariah Index (prior to 1 November 2007). 2011 Final 8.00 31.5.11 8.8 8.8
FTSE Bursa Malaysia EMAS Shariah Index (w.e.f. 1 November 2007). 2012 Final 5.25 31.5.12 6.5 6.5
Underlying index data are sourced from Lipper. 2013 Final 5.00 31.5.13 5.5 5.5
2014 Final 6.65 30.5.14 7.3 7.3
* Commencement Date - 9 May 1997 2015 Final 6.00 29.5.15 6.9 6.9
2016 Final 3.50 31.5.16 4.3 4.3
Asset Allocation as at 28 February 2018 2017 Final 3.00 31.5.17 3.6 3.6
Asset Type Note: Distribution yield simply measures the level of distributions and is not a measure
Shariah-compliant Equities & Related Securities - Domestic 76.79% of fund performance.
Shariah-compliant Equities & Related Securities - Foreign 18.90%
Islamic Money Market Instruments & Others 4.31%
Total 100.00%
5
PUBLIC ISLAMIC EQUITY FUND (PIEF)
Fund Objective 3-year (1)
Fund Volatility
To achieve capital growth through a diverse selection of growth stocks that complies with Shariah principles.
6.4
moderate
Lipper Analytics
15 Feb 18
80%
Distribution History
0%
Financial Distribution Distribution (2) Declaration Distribution Annualised
Year Type (Sen) Date Yield (%) Yield (%)
-80% Interim 5.00 30.11.07 13.3
Jun-03 Feb-07 Oct-10 Jun-14 Feb-18 2008 18.4
Final 1.50 30.5.08 4.6
Benchmark: 2009 Final 1.75 29.5.09 6.4 6.4
Kuala Lumpur Syariah Index (prior to 1 November 2007). 2010 Final 1.75 31.5.10 6.0 6.0
FTSE Bursa Malaysia EMAS Shariah Index (w.e.f. 1 November 2007). 2011 Final 2.00 31.5.11 5.9 5.9
Underlying index data are sourced from Lipper. 2012 Final 2.00 31.5.12 6.1 6.1
2013 Final 2.00 31.5.13 5.6 5.6
* Commencement Date - 17 June 2003 2014 Final 2.50 30.5.14 6.9 6.9
2015 Final 2.65 29.5.15 7.8 7.8
Asset Allocation as at 28 February 2018 2016 Final 1.25 31.5.16 3.9 3.9
Asset Type 2017 Final 1.00 31.5.17 3.0 3.0
Shariah-compliant Equities & Related Securities - Domestic 75.81% Note: Distribution yield simply measures the level of distributions and is not a measure
Shariah-compliant Equities & Related Securities - Foreign 19.75% of fund performance.
Islamic Money Market Instruments & Others 4.44%
Total 100.00%
6
PUBLIC ISLAMIC OPPORTUNITIES FUND (PIOF)
(1)
Fund Objective 3-year
Fund Volatility
To achieve capital growth through investments in companies with small market capitalisation which comply with Shariah principles.
7.7
moderate
Lipper Analytics
15 Feb 18
280%
Total Returns
7
PUBLIC ISLAMIC DIVIDEND FUND (PIDF)
Fund Objective 3-year (1)
Fund Volatility
To provide income by investing in a portfolio of stocks that complies with Shariah requirements and which offer or have the potential to offer
attractive dividend yields. 5.9 low
Lipper Analytics
15 Feb 18
0%
Distribution History
Financial Distribution Distribution (2) Declaration Distribution Annualised
Year Type (Sen) Date Yield (%) Yield (%)
-50%
Mar-06 Mar-09 Mar-12 Mar-15 Feb-18 2008 Final 2.00 30.4.08 6.5 6.5
Benchmark: 2009 Final 1.25 30.4.09 4.9 4.9
Kuala Lumpur Syariah Index (prior to 1 November 2007). 2010 Final 1.25 30.4.10 4.0 4.0
FTSE Bursa Malaysia EMAS Shariah Index (1 November 2007 to 29 April 2010), 2011 Final 2.00 29.4.11 5.9 5.9
90% FTSE Bursa Malaysia EMAS Shariah Index and 10% 3-Month Islamic Interbank 2012 Final 2.00 30.4.12 5.7 5.7
Money Market (IIMM) rate (w.e.f. 30 April 2010). 2013 Final 2.00 30.4.13 5.4 5.4
Underlying index data are sourced from Lipper and Bank Negara Malaysia. 2014 Final 3.00 30.4.14 7.8 7.8
Interim 1.00 31.10.14 2.6
2015 5.4
* Commencement Date - 6 March 2006 Final 1.00 30.4.15 2.7
Interim 0.50 30.10.15 1.4
2016 2.8
Asset Allocation as at 28 February 2018 Final 0.50 29.4.16 1.4
Asset Type Interim 0.50 31.10.16 1.4
2017 2.8
Shariah-compliant Equities & Related Securities - Domestic 76.25% Final 0.50 28.4.17 1.4
Shariah-compliant Equities & Related Securities - Foreign 19.16% 2018 Interim 0.50 31.10.17 1.4 -
Islamic Debt Securities 0.38% Note: Distribution yield simply measures the level of distributions and is not a measure
Islamic Money Market Instruments & Others 4.21% of fund performance.
Total 100.00%
8
PUBLIC ISLAMIC SECTOR SELECT FUND (PISSF)
Fund Objective
3-year (1)
To seek long-term capital appreciation by investing in a portfolio of securities, mainly equities, that complies with Shariah requirements from market Fund Volatility
Note: Distribution yield simply measures the level of distributions and is not
-60% a measure of fund performance.
Dec-07 Jun-10 Jan-13 Aug-15 Feb-18
Benchmark:
Index data are sourced from Lipper.
9
PUBLIC ISLAMIC SELECT TREASURES FUND (PISTF)
Fund Objective 3-year (1)
Fund Volatility
To achieve capital growth through investment in companies with market capitalisation of up to RM6 billion which comply with Shariah requirements
in the domestic market. 7.7
moderate
Lipper Analytics
15 Feb 18
10
PUBLIC ISLAMIC OPTIMAL GROWTH FUND (PIOGF)
Fund Objective 3-year
(1)
Fund Volatility
To provide income and capital growth by investing in Shariah-compliant stocks which offer attractive dividend yields and growth stocks in the
domestic market. 6.2
moderate
Lipper Analytics
15 Feb 18
11
PUBLIC ISLAMIC SELECT ENTERPRISES FUND (PISEF)
Fund Objective 3-year
(1)
Fund Volatility
6.6
To achieve capital growth through investments in the largest 50 companies in terms of market capitalisation (at the point of purchase) listed on
Bursa Securities which comply with Shariah requirements. moderate
Lipper Analytics
15 Feb 18
Note: Distribution yield simply measures the level of distributions and is not
Benchmark: a measure of fund performance.
Index data are sourced from Lipper.
12
PUBLIC ISLAMIC ALPHA-40 GROWTH FUND (PIA40GF)
Fund Objective 3-year (1)
Fund Volatility
To achieve capital growth by investing in stocks which comply with Shariah requirements.
6.5
moderate
Lipper Analytics
15 Feb 18
0%
Distribution History
Financial Distribution (2) Distribution
-20%
Declaration Date
Year (Sen) Yield (%)
Dec-10 Sep-12 Jul-14 May-16 Feb-18
2011 0.75 30.11.11 3.0
Benchmark:
2012 1.50 30.11.12 5.7
Benchmark for PIA40GF is a composite of 75% FTSE Bursa Malaysia EMAS Shariah Index,
15% customised index by S&P Dow Jones Indices, LLC based on Top 100 constituents 2013 1.25 29.11.13 4.4
by market capitalisation of the S&P Shariah BMI Asia Ex-Japan Index and 10% 3-Month 2014 1.25 28.11.14 4.5
Islamic Interbank Money Market (IIMM) rate. 2015 0.50 30.11.15 1.8
Underlying index data are sourced from S&P Dow Jones Indices, LLC, Lipper and Bank 2016 0.25 30.11.16 0.9
Negara Malaysia and expressed in Ringgit terms. 2017 0.50 30.11.17 1.7
Note: Distribution yield simply measures the level of distributions and is not
* Commencement Date - 6 December 2010 a measure of fund performance.
Note: Distribution yield simply measures the level of distributions and is not
a measure of fund performance.
-40%
Aug-11 Mar-13 Nov-14 Jul-16 Feb-18
Benchmark:
Benchmark for PITGF is a composite of 90% FTSE Bursa Malaysia EMAS Shariah
Index (prior to 30 April 2013), 90% FTSE Bursa Malaysia Small Cap Shariah Index
(FBMSSC) (30 April 2013 to 29 April 2015), 90% customised index by FTSE based
on the constituents with market capitalisation below RM6.0 billion within the FTSE
Bursa Malaysia EMAS Shariah Index (w.e.f. 30 April 2015) and 10% 3-Month Islamic
Interbank Money Market (IIMM) rate.
Underlying index data are sourced from FTSE International Limited, Lipper and Bank
Negara Malaysia.
14
PUBLIC ITTIKAL SEQUEL FUND (PITSEQ)
Fund Objective 3-year
(1)
Fund Volatility
To achieve capital growth over the medium to long term period by investing in a portfolio of investments that complies with Shariah principles.
6.2
moderate
Lipper Analytics
15 Feb 18
DiGi.Com Berhad
12%20% Telekom Malaysia Berhad
Total
0% 0%
Distribution History
(2)
Financial Distribution Distribution
Declaration Date
-12%
-20% Year (Sen) Yield (%)
Oct-11
Oct-11 Aug-12May-13 Jun-13 Dec-14 Apr-14 Jan-15
Jul-16 Feb-18
2012 1.25 30.11.12 4.7
Benchmark: 2013 1.75 29.11.13 6.0
Index data are sourced from Lipper. 2014 1.75 28.11.14 6.1
2015 0.50 30.11.15 1.7
* Commencement Date - 31 October 2011 2016 0.50 30.11.16 1.7
2017 0.50 30.11.17 1.7
Asset Allocation as at 28 February 2018
Note: Distribution yield simply measures the level of distributions and is not
Asset Type a measure of fund performance.
Shariah-compliant Equities & Related Securities - Domestic 80.91%
Shariah-compliant Equities & Related Securities - Foreign 12.02%
Islamic Money Market Instruments & Others 7.07%
Total 100.00%
15
PUBLIC ISLAMIC SAVINGS FUND (PISVF)
Fund Objective 3-year
(1)
Fund Volatility
6.2
To provide income over the medium to long-term period by investing in a portfolio of investments that complies with Shariah requirements and which
offer or have the potential to offer attractive dividend yields. moderate
Lipper Analytics
15 Feb 18
0% Distribution History
Financial Distribution Distribution (2) Declaration Distribution Annualised
Year Type (Sen) Date Yield (%) Yield (%)
-20% 2012 Final 1.00 31.12.12 3.7 3.7
Dec-11 Jul-13 Jan-15 Aug-16 Feb-18
2013 Final 0.75 31.12.13 2.5 2.5
Benchmark: Interim 0.50 30.6.14 1.7
2014 3.4
Benchmark for PISVF is a composite of 90% FTSE Bursa Malaysia EMAS Shariah Final 0.50 31.12.14 1.7
Index and 10% 3-Month Islamic Interbank Money Market (IIMM) rate. Interim 0.50 30.6.15 1.7
2015 3.4
Underlying index data are sourced from Lipper and Bank Negara Malaysia. Final 0.50 31.12.15 1.7
Interim 0.25 30.6.16 0.9
2016 2.3
* Commencement Date - 30 December 2011 Final 0.40 30.12.16 1.4
Interim 0.25 30.6.17 0.8
2017 1.6
Asset Allocation as at 28 February 2018 Final 0.25 29.12.17 0.8
Asset Type Note: Distribution yield simply measures the level of distributions and is not a measure
Shariah-compliant Equities & Related Securities - Domestic 74.60% of fund performance.
Shariah-compliant Equities & Related Securities - Foreign 16.22%
Islamic Money Market Instruments & Others 9.18%
Total 100.00%
16
PUBLIC ISLAMIC GROWTH & INCOME FUND (PISGIF)
Fund Objective 3-year
(1)
Fund Volatility
To seek capital growth and income by investing in a portfolio of Shariah-compliant growth and dividend stocks.
6.6
moderate
Lipper Analytics
15 Feb 18
-8%
Distribution History
(2)
Financial Distribution Distribution
-16% Declaration Date
Year (Sen) Yield (%)
Jan-14 Feb-15 Feb-16 Feb-17 Feb-18
2014 0.50 31.12.14 2.0
Benchmark:
2015 0.50 31.12.15 2.1
Index data are sourced from Lipper.
2016 0.25 30.12.16 1.1
2017 0.25 29.12.17 1.0
* Commencement Date - 27 January 2014
Note: Distribution yield simply measures the level of distributions and is not
a measure of fund performance.
Asset Allocation as at 28 February 2018
Asset Type
Shariah-compliant Equities & Related Securities - Domestic 83.51%
Shariah-compliant Equities & Related Securities - Foreign 12.38%
Islamic Money Market Instruments & Others 4.11%
Total 100.00%
17
PUBLIC ISLAMIC ENTERPRISES EQUITY FUND (PIENTEF)
Fund Objective
To achieve capital growth over the medium to long-term period by investing in a portfolio of investments that complies with Shariah requirements.
16%
PIENTEF Benchmark
Top 5 Holdings
Security Name
8%
Tenaga Nasional Berhad
IHH Healthcare Berhad
Total Returns
-8%
Distribution History
-16% Financial Distribution (1) Distribution
Apr-15 Dec-15 Sep-16 Jun-17 Feb-18 Declaration Date
Year (Sen) Yield (%)
Benchmark: 2017 0.50 29.9.17 2.0
Benchmark for PIENTEF is a composite of 75% FTSE Bursa Malaysia Hijrah Shariah
Note: Distribution yield simply measures the level of distributions and is not
Index, 15% customised index by S&P Dow Jones Indices, LLC based on Top 100
a measure of fund performance.
constituents by market capitalisation of the S&P Shariah BMI Asia Ex-Japan Index
and 10% 3-Month Islamic Interbank Money Market (IIMM) rate.
Underlying index data are sourced from S&P Dow Jones Indices, LLC, Lipper and
Bank Negara Malaysia and expressed in Ringgit terms.
18
PUBLIC ISLAMIC ADVANTAGE GROWTH EQUITY FUND (PIAVGEF)
Fund Objective
To achieve capital growth over the medium to long-term period by investing in a diversified portfolio of stocks that complies with Shariah requirements.
30%
PIAVGEF FBMHS Index
Top 5 Holdings
24%
Security Name
Top Glove Corporation Berhad
18% MY E.G. Services Berhad
Total Returns
0% Distribution History
(1)
Financial Distribution Distribution
Declaration Date
-6% Year (Sen) Yield (%)
Sep-15 May-16 Dec-16 Jul-17 Feb-18
2017 0.50 29.9.17 1.8
Benchmark:
Note: Distribution yield simply measures the level of distributions and is not
Index data are sourced from Lipper.
a measure of fund performance.
19
PUBLIC ISLAMIC EMERGING OPPORTUNITIES FUND (PIEMOF)
Fund Objective
To achieve capital growth through investments in Shariah-compliant companies with mid and small market capitalisation.
30%
Security Name
PIEMOF Benchmark V.S. Industry Berhad
Inari Amertron Berhad
24%
MY E.G. Services Berhad
18%
Dutch Lady Milk Industries Berhad
Padini Holdings Berhad
Total Returns
12%
6% Distribution History
(1)
Financial Distribution Distribution
Declaration Date
0% Year (Sen) Yield (%)
20
PUBLIC ASIA ITTIKAL FUND (PAIF)
Fund Objective 3-year
(1)
Fund Volatility
9.6
To achieve capital growth over the medium to long term period by investing in a portfolio of investments in domestic and regional markets that
complies with Shariah requirements. high
Lipper Analytics
15 Feb 18
0%
Distribution History
-40% Financial Distribution
(2)
Distribution
Sep-06 Jul-09 Jun-12 Apr-15 Feb-18 Declaration Date
Year (Sen) Yield (%)
Benchmark:
2009 0.50 30.10.09 1.9
Benchmark for PAIF is a composite of 30% Kuala Lumpur Syariah Index (prior to
2010 1.00 29.10.10 3.8
1 November 2007), 30% FTSE Bursa Malaysia EMAS Shariah Index (1 November
2007 to 29 April 2011), 30% FTSE Bursa Malaysia Hijrah Shariah Index (30 April 2011 1.25 31.10.11 5.1
2011 to 29 April 2013), 15% FTSE Bursa Malaysia Hijrah Shariah Index (w.e.f. 2012 1.00 31.10.12 3.8
30 April 2013), 15% customised index by S&P Dow Jones Indices, LLC based on 2013 0.75 31.10.13 2.8
top 20 constituents by market capitalisation of the S&P BMI Shariah Japan Index 2014 1.00 31.10.14 3.6
(w.e.f. 30 April 2013) and 70% Dow Jones Islamic Market Asia Ex-Japan IndexSM 2015 1.00 30.10.15 3.1
(prior to 1 January 2009), 70% S&P Shariah BMI Asia Ex-Japan Index (w.e.f.
2016 1.00 31.10.16 3.1
1 January 2009).
2017 1.50 31.10.17 3.9
Underlying index data are sourced from S&P Dow Jones Indices, LLC and Lipper
and expressed in Ringgit terms. Note: Distribution yield simply measures the level of distributions and is not
a measure of fund performance.
* Commencement Date - 11 September 2006
0% Distribution History
(2)
Financial Distribution Distribution
Declaration Date
-50% Year (Sen) Yield (%)
Apr-07 Jan-10 Sep-12 Jun-15 Feb-18
2008 0.40 30.4.08 1.8
Benchmark:
2009 0.25 30.4.09 1.4
Benchmark for PIADF is a composite of 30% Kuala Lumpur Syariah Index (prior to
2010 0.75 30.4.10 3.5
1 November 2007), 30% FTSE Bursa Malaysia EMAS Shariah Index (1 November
2011 0.40 29.4.11 1.7
2007 to 29 April 2011), 20% FTSE Bursa Malaysia Hijrah Shariah Index (w.e.f. 30 April
2012 0.40 30.4.12 1.7
2011), 70% Dow Jones Islamic Market Asia Ex-Japan IndexSM (prior to 1 January 2009),
70% S&P Shariah BMI Asia Ex-Japan Index (w.e.f. 1 January 2009) and 10% 3-Month 2013 0.40 30.4.13 1.6
Islamic Interbank Money Market (IIMM) rate. 2014 0.40 30.4.14 1.4
Underlying index data are sourced from S&P Dow Jones Indices, LLC, Lipper 2015 1.00 30.4.15 3.4
and Bank Negara Malaysia and expressed in Ringgit terms. 2016 1.00 29.4.16 3.7
2017 1.00 28.4.17 3.1
* Commencement Date - 23 April 2007
Note: Distribution yield simply measures the level of distributions and is not
a measure of fund performance.
Asset Allocation as at 28 February 2018
Asset Type
Shariah-compliant Equities & Related Securities - Domestic 10.21%
Shariah-compliant Equities & Related Securities - Foreign 82.95%
Islamic Money Market Instruments & Others 6.84%
Total 100.00%
30%
0%
Distribution History
(2)
-30% Financial Distribution Distribution
Declaration Date
Year (Sen) Yield (%)
Benchmark: Note: Distribution yield simply measures the level of distributions and is not
a measure of fund performance.
Benchmark for PCIF is a composite of 50% Dow Jones Islamic Market Hong Kong
IndexSM (prior to 1 January 2009), 50% S&P Shariah BMI Hong Kong and China 'H'
Shares Index (w.e.f. 1 January 2009), 30% Dow Jones Islamic Market Taiwan IndexSM
(prior to 1 January 2009), 30% S&P Shariah BMI Taiwan Index (w.e.f. 1 January
2009) and 20% FTSE Bursa Malaysia EMAS Shariah Index (prior to 30 April 2011),
20% FTSE Bursa Malaysia Hijrah Shariah Index (w.e.f. 30 April 2011).
Underlying index data are sourced from S&P Dow Jones Indices, LLC and Lipper
and expressed in Ringgit terms.
0% Distribution History
Shariah BMI Asia Ex-Japan Index and 10% 3-Month Islamic Interbank Money Market 2016 0.15 30.11.16 0.5
(IIMM) rate. Note: Distribution yield simply measures the level of distributions and is not
Underlying index data are sourced from S&P Dow Jones Indices, LLC and Bank Negara a measure of fund performance.
Malaysia and expressed in Ringgit terms.
24%
Top 5 Holdings
18% Security Name
Tencent Holdings Limited
Total Returns
25
PUBLIC ISLAMIC GROWTH BALANCED FUND (PIGRBF)
Fund Objective
To achieve capital growth over the medium to long-term period through a balanced asset allocation approach.
0% Distribution History
Financial Distribution (1) Distribution
Declaration Date
Year (Sen) Yield (%)
-6%
Oct-15 May-16 Dec-16 Jul-17 Feb-18
2016 0.25 31.10.16 1.0
Benchmark: 2017 1.00 31.10.17 3.5
Benchmark for PIGRBF is a composite of 60% FTSE Bursa Malaysia Hijrah Shariah
Note: Distribution yield simply measures the level of distributions and is not
Index and 40% 3-Month Islamic Interbank Money Market (IIMM) rate. a measure of fund performance.
Underlying index data are sourced from Lipper and Bank Negara Malaysia.
26
PUBLIC ISLAMIC MIXED ASSET FUND (PIMXAF)
Fund Objective 3-year (1)
Fund Volatility
To achieve capital growth over the medium to long-term period by investing in a portfolio of investments that complies with Shariah requirements.
5.5 low
Lipper Analytics
15 Feb 18
-10%
Dec-11 Jun-13 Jan-15 Aug-16 Feb-18
Distribution History
Benchmark: Financial Distribution (4) Distribution
Declaration Date
Benchmark for PIMXAF is a composite of 70% FTSE Bursa Malaysia EMAS Shariah Index Year (Sen) Yield (%)
and 30% 3-Month Islamic Interbank Money Market (IIMM) rate (w.e.f. 12 December 2011). 2008 1.00 28.11.08 4.8
Underlying index data are sourced from Lipper and Bank Negara Malaysia.
2009 0.25 30.11.09 1.0
2010 1.00 30.11.10 3.6
* Note: Upon the issuance of supplementary prospectus on 12 December 2011, Public
Islamic Balanced Fund (PIBF) has adopted its new name Public Islamic Mixed 2011 1.00 30.11.11 3.7
Asset Fund (PIMXAF) to reflect the change in fund objective, investment policy, 2012 1.50 30.11.12 5.5
investment strategy and benchmark. 2013 1.75 29.11.13 6.2
2014 2.00 28.11.14 7.5
Asset Allocation as at 28 February 2018 2015 2.00 30.11.15 8.0
Asset Type 2016 0.40 30.11.16 1.7
Shariah-compliant Equities & Related Securities - Domestic 44.48%
Note: Distribution yield simply measures the level of distributions and is not
Shariah-compliant Equities & Related Securities - Foreign 23.87% a measure of fund performance.
Islamic Debt Securities 25.48%
Islamic Money Market Instruments & Others 6.17%
Total 100.00%
Note: Distribution yield simply measures the level of distributions and is not
5% a measure of fund performance.
0%
-5%
Dec-14 Oct-15 Jul-16 May-17 Feb-18
Benchmark:
Benchmark for PESMACF is a composite of 65% 3-Month Islamic Interbank Money
Market (IIMM) rate and 35% FTSE Bursa Malaysia Hijrah Shariah Index.
Underlying index data are sourced from Lipper and Bank Negara Malaysia.
28
PUBLIC EHSAN MIXED ASSET GROWTH FUND (PESMAGF)
Fund Objective
3-year (1)
Fund Volatility
To achieve capital growth over the medium to long-term period primarily through a portfolio allocation across Shariah-compliant equities and sukuk.
6.7
moderate
Lipper Analytics
15 Feb 18
10%
Distribution History
0% (2)
Financial Distribution Distribution
Declaration Date
Year (Sen) Yield (%)
-10%
Dec-14 Oct-15 Jul-16 May-17 Feb-18 2016 0.40 29.4.16 1.4
2017 0.75 28.4.17 2.5
Benchmark:
Note: Distribution yield simply measures the level of distributions and is not
Benchmark for PESMAGF is a composite of 70% FTSE Bursa Malaysia Hijrah Shariah a measure of fund performance.
Index and 30% 3-Month Islamic Interbank Money Market (IIMM) rate.
Underlying index data are sourced from Lipper and Bank Negara Malaysia.
29
PUBLIC ISLAMIC ASIA TACTICAL ALLOCATION FUND (PIATAF)
Fund Objective 3-year
(1)
Fund Volatility
To achieve capital growth over the medium to long-term period by investing in a portfolio of investments in domestic and regional markets that
complies with Shariah requirements. 8.9high
Lipper Analytics
15 Feb 18
0%
1.7
To provide annual income to investors through investment in Islamic debt securities.
very low
Lipper Analytics
15 Feb 18
120%
80%
Total Returns
40%
0%
-40%
Sep-01 Oct-05 Nov-09 Jan-14 Feb-18
31
PUBLIC ISLAMIC ENHANCED BOND FUND (PIEBF)
Fund Objective 3-year
(1)
Fund Volatility
Seeks to provide a combination of annual income and modest capital growth primarily through a portfolio allocation across Islamic debt securities
and equities which comply with Shariah requirements. 1.8
very low
Lipper Analytics
15 Feb 18
60%
40%
Total Returns
20%
0%
-20%
Dec-06 Oct-09 Jul-12 May-15 Feb-18
32
PUBLIC ISLAMIC SELECT BOND FUND (PISBF)
Fund Objective 3-year (1)
Fund Volatility
To provide annual income through investments in Islamic debt securities which have remaining maturities of 7 years and below and Islamic money
market instruments. 1.0
very low
Lipper Analytics
15 Feb 18
40%
Total Returns
20%
0%
-20%
Jul-07 Mar-10 Nov-12 Jul-15 Feb-18
33
PUBLIC ISLAMIC INCOME FUND (PI INCOME)
Fund Objective 3-year
(1)
Fund Volatility
To provide annual income over the medium to long-term period by investing in sukuk and Islamic money market instruments.
1.0
very low
Lipper Analytics
15 Feb 18
Performance of Public Islamic Income Fund vs its Benchmark Index 2012 3.50 31.7.12 3.4
Over the Following Periods Ended 28 February 2018 2013 3.75 31.7.13 3.6
PI INCOME 12-M GIA PI INCOME 12-M GIA 2014 4.00 31.7.14 3.9
(%) (%) (%) (%) 2015 3.75 31.7.15 3.7
Total Total Annualised Annualised 2016 3.00 29.7.16 2.9
Return Return Return Return 2017 3.00 31.7.17 2.9
1-year 3.47 3.16 3.47 3.16
Note: Distribution yield simply measures the level of distributions and is not
3-year 11.43 10.05 3.67 3.24 a measure of fund performance.
5-year 19.44 16.70 3.61 3.14
Since commencement 47.12 34.03 4.15 3.13
30%
Total Returns
20%
10%
0%
-10%
Sep-08 Jan-11 May-13 Oct-15 Feb-18
34
PUBLIC ISLAMIC INFRASTRUCTURE BOND FUND (PIINFBF)
Fund Objective (1)
3-year
Fund Volatility
To provide annual income to investors through investments in sukuk of companies in the infrastructure sector.
1.8
very low
Lipper Analytics
15 Feb 18
30%
20%
Total Returns
10%
0%
-10%
Dec-10 Sep-12 Jul-14 May-16 Feb-18
35
PUBLIC ISLAMIC STRATEGIC BOND FUND (PISTBF)
Fund Objective
3-year (1)
Fund Volatility
To provide annual income to investors through investments in sukuk and Islamic money market instruments.
1.5
very low
Lipper Analytics
15 Feb 18
Total Total Annualised Annualised Note: Distribution yield simply measures the level of distributions and is not
Return Return Return Return a measure of fund performance.
30%
20%
Total Returns
10%
0%
-10%
Dec-10 Oct-12 Jul-14 May-16 Feb-18
36
PUBLIC SUKUK FUND (PSKF)
Fund Objective (1)
3-year
Fund Volatility
To provide annual income through investments in sukuk and Islamic money market instruments.
1.9 low
Lipper Analytics
15 Feb 18
30%
20%
Total Returns
10%
0%
-10%
Aug-11 Mar-13 Nov-14 Jul-16 Feb-18
37
PUBLIC ISLAMIC MONEY MARKET FUND (PIMMF)
Fund Objective 3-year
(1)
Fund Volatility
0.1
To provide liquidity and current income, while maintaining capital stability by investing in instruments that comply with Shariah requirements.
very low
Lipper Analytics
15 Feb 18
Performance of Public Islamic Money Market Fund vs its Benchmark 2011 2.50 30.6.11 2.5
Index Over the Following Periods Ended 28 February 2018 2012 2.50 29.6.12 2.5
PIMMF Benchmark PIMMF Benchmark 2013 2.50 28.6.13 2.5
(%) (%) (%) (%) 2014 3.00 30.6.14 2.9
Total Total Annualised Annualised 2015 3.25 30.6.15 3.2
Return Return Return Return 2016 3.50 30.6.16 3.4
1-year 3.26 2.79 3.26 2.79
2017 4.00 30.6.17 4.0
3-year 10.10 8.72 3.25 2.82
5-year Note: Distribution yield simply measures the level of distributions and is not
16.85 14.85 3.16 2.81
a measure of fund performance.
10-year 32.92 32.57 2.88 2.86
Since commencement 35.57 36.06 2.87 2.91
PIMMF Benchmark
30%
20%
Total Returns
10%
0%
-10%
Jun-07 Feb-10 Oct-12 Jun-15 Feb-18
Benchmark:
3-Month Islamic Interbank Money Market (IIMM) rate (prior to 30 April 2010).
1-Month Islamic Interbank Money Market (IIMM) rate (30 April 2010 to 29 April 2013).
90% Public Islamic Bank 1-Month Mudharabah General Investment Account-i (30 April
2013 to 29 April 2015), 90% Public Islamic Bank 1-Month Term Deposit-i (w.e.f. 30 April
2015) and 10% Public Islamic Bank Wadiah Savings Account-i (w.e.f. 30 April 2013).
Source: Bank Negara Malaysia and Public Bank Berhad.
0.1
very low
Lipper Analytics
15 Feb 18
Performances of PeICDF and Benchmark Index Month 6 - Sep 0.28 29.9.17 0.3
(Since Fund Commencement* to 28 February 2018) Month 7 - Oct 0.30 31.10.17 0.3
12% Month 8 - Nov 0.29 30.11.17 0.3
PeICDF Benchmark
Month 9 - Dec 0.29 29.12.17 0.3
10%
Month 10 - Jan 0.30 30.1.18 0.3
8%
Month 11 - Feb 0.26 28.2.18 0.3
Total Returns
4% Notes: Distribution yield simply measures the level of distributions and is not
a measure of fund performance.
2% * The figure shown is for period since fund commencement.
0%
-2%
Aug-14 Jul-15 May-16 Apr-17 Feb-18
Benchmark:
90% Public Islamic Bank 1-Month Mudharabah General Investment Account-i
(prior to 30 April 2015), 90% Public Islamic Bank 1-Month Term Deposit-i
(w.e.f. 30 April 2015) and 10% Public Islamic Bank Wadiah Savings Account-i.
Source: Public Bank Berhad.
39
Name of Funds by Alphabetical Order Page No. Name of Funds by Financial Year End Financial Year End Page No.
Public Asia Ittikal Fund 21 Public Islamic Emerging Opportunities Fund 31 January 20
Public China Ittikal Fund 23 Public Islamic Optimal Growth Fund 31 January 11
Public Ehsan Mixed Asset Conservative Fund 28 Public Islamic Optimal Equity Fund 28 February 25
Public Ehsan Mixed Asset Growth Fund 29 Public e-Islamic Cash Deposit Fund 31 March 39
Public e-Islamic Cash Deposit Fund 39 Public Ehsan Mixed Asset Conservative Fund 30 April 28
Public Islamic Advantage Growth Equity Fund 19 Public Ehsan Mixed Asset Growth Fund 30 April 29
Public Islamic Alpha-40 Growth Fund 13 Public Islamic Asia Dividend Fund 30 April 22
Public Islamic Asia Dividend Fund 22 Public Islamic Dividend Fund 30 April 8
Public Islamic Asia Leaders Equity Fund 24 Public Islamic Equity Fund 31 May 6
Public Islamic Asia Tactical Allocation Fund 30 Public Islamic Select Treasures Fund 31 May 10
Public Islamic Dividend Fund 8 Public Islamic Money Market Fund 30 June 38
Public Islamic Emerging Opportunities Fund 20 Public Islamic Income Fund 31 July 34
Public Islamic Enhanced Bond Fund 32 Public Islamic Opportunities Fund 31 July 7
Public Islamic Enterprises Equity Fund 18 Public Islamic Select Bond Fund 31 July 33
Public Islamic Equity Fund 6 Public Islamic Select Enterprises Fund 31 July 12
Public Islamic Growth & Income Fund 17 Public Islamic Treasures Growth Fund 31 August 14
Public Islamic Income Fund 34 Public Islamic Advantage Growth Equity Fund 30 September 19
Public Islamic Infrastructure Bond Fund 35 Public Islamic Enterprises Equity Fund 30 September 18
Public Islamic Mixed Asset Fund 27 Public Asia Ittikal Fund 31 October 21
Public Islamic Money Market Fund 38 Public Islamic Asia Tactical Allocation Fund 31 October 30
Public Islamic Optimal Equity Fund 25 Public Islamic Growth Balanced Fund 31 October 26
Public Islamic Optimal Growth Fund 11 Public China Ittikal Fund 30 November 23
Public Islamic Savings Fund 16 Public Islamic Alpha-40 Growth Fund 30 November 13
Public Islamic Sector Select Fund 9 Public Islamic Asia Leaders Equity Fund 30 November 24
Public Islamic Select Bond Fund 33 Public Islamic Infrastructure Bond Fund 30 November 35
Public Islamic Select Enterprises Fund 12 Public Islamic Mixed Asset Fund 30 November 27
Public Islamic Select Treasures Fund 10 Public Islamic Sector Select Fund 30 November 9
Public Islamic Strategic Bond Fund 36 Public Ittikal Sequel Fund 30 November 15
Public Islamic Treasures Growth Fund 14 Public Islamic Enhanced Bond Fund 31 December 32
Public Ittikal Fund 5 Public Islamic Growth & Income Fund 31 December 17
40
A copy of the Master Prospectus 1 of Public Series of Shariah-Based Funds dated 30 April 2017 and Prospectus of Public e-Islamic Cash Deposit
Fund dated 9 March 2017 have been registered by, and lodged with, the Securities Commission Malaysia (SC), which shall not be interpreted to
mean that the SC recommends the investment.
The SC shall not be liable for any non-disclosure on the part of the management company and takes no responsibility for the contents of the
Prospectuses, makes no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss
howsoever arising from or in reliance upon the whole or any part of the contents of the Prospectuses.
Investors are advised to read and understand the contents of the above Prospectuses. If in doubt, please consult a professional adviser.
You have the right to request for a copy of the Product Highlights Sheet of the fund(s). You are advised to read and understand the contents of
the relevant fund’s Product Highlights Sheet before making any investment decision.
Applications by investors to purchase units of the funds must come in the form of a duly completed application form referred to and accompanying
the (relevant) Prospectuses.
Investors should note that there are fees, charges and risks involved in investing in unit trust funds. Therefore, you should consider carefully the
fees, charges and risks before making an investment decision. Please refer to the Prospectuses for more information.
Unit prices and distributions payable, if any, may go down as well as up.
Past performance of the funds should not be taken as an indication of future performance. Neither the Manager nor the Trustee guarantees the
performance of any of the funds or the repayment of capital.
The funds’ past distribution is not a guarantee of future distributions. Where unit split or distribution is declared, investors are advised that
following the issue of additional units and/or distribution, the net asset value per unit will be reduced accordingly to reflect/account for the unit split
and/or distribution.
Where a unit split is declared, investors should note that the value of their investment in Ringgit Malaysia terms will remain unchanged after the
distribution of additional units.
While it is the Manager’s policy to discourage loan financing in the purchase of units, nevertheless, this facility is available to interested investors.
However, YOU are advised to read and understand the contents of the unit trust loan financing risk disclosure statement before deciding to
borrow to purchase units.
Where a free copy of Prospectus and Product Highlights Sheet can be obtained: Unit Trust Consultants (UTCs) of Public Mutual or contact
Public Mutual Hotline: 03-6207 5000 for assistance.
Lipper Leaders:
Total Return
Lipper ratings for Total Return reflect funds’ historical total return performance relative to peers.
Consistent Return
Lipper ratings for Consistent Return reflect funds’ historical risk-adjusted returns, adjusted for volatility, relative to peers.
Preservation
Lipper ratings for Preservation reflect funds’ historical loss avoidance relative to other funds within the same asset class. Preservation ratings are relative, rather than
absolute measures, and funds named Lipper Leaders for Preservation may still experience losses periodically; those losses may be larger for equity and mixed equity
funds than fixed income funds.
The Lipper ratings are subject to change every month and are based on an equal-weighted average of percentile ranks for the Total Return, Consistent Return and
Preservation metrics over three-, five-, and ten-year periods (if applicable). The highest 20% of funds in each peer group are named Lipper Leader or a score of 5, the
next 20% receive a score of 4, the middle 20% are scored 3, the next 20% are scored 2, and the lowest 20% are scored 1.
Lipper ratings are not intended to predict future results, and Lipper does not guarantee the accuracy of this information.
Lipper Leaders (overall) - All Ratings as of 28 February 2018 - Ratings for Total Return reflect funds’ historical total return performance relative to peers. Ratings for
Consistent Return reflect funds’ historical risk-adjusted returns relative to peers. Lipper ratings for Preservation are relative, rather than absolute. Lipper Leader ratings
DO NOT take into account the effects of sales charges. Ratings are based on an equal-weighted average of percentile ranks for each measure over overall period.
41
Morningstar Rating™
The Morningstar Rating™ is a quantitative assessment of a fund’s past performance, incorporating fee, return and risk, measured from one to five stars. It uses focused
comparison groups – the Morningstar Categories – to measure the fund’s risk-adjusted performance and it places stronger emphasis on downside variations. The Top
10% of funds in a category will receive five stars, the next 22.5% will receive four stars, the middle 35% will receive three stars, the next 22.5% will receive two stars and
the bottom 10% will receive one star.
© 2018 Morningstar Asia Limited All Rights Reserved. The information contained herein:
is proprietary to Morningstar;
may not be copied (save (i) as incidentally necessary in the course of viewing it online, and (ii) in the course of printing off single copies of web pages on which it
appears for the personal non-commercial use of those authorised to view it on-line), adapted or distributed; and
is not warranted to be accurate, complete or timely.
This Morningstar-sourced information is provided to you by Public Mutual Berhad and is at your own risk. You agree that Morningstar is not responsible for any
damages or losses arising from any use of this information and that the information must not be relied upon by you the user without appropriate verification. Public
Mutual Berhad informs you as follows: (i) no investment decision should be made in relation to any of the information provided other than on the advice of a professional
financial advisor; (ii) past performances is no guarantee of future results; and (iii) the value and income derived from investments can go down as well as up.
The P ITTIKAL, PIEF, PIOF, PIDF, PAIF, PIADF, PISSF, PCIF, PISTF, PIOGF, PISEF, PIA40GF, PITGF, PITSEQ, PISVF, PIMXAF, PISGIF, PIENTEF, PESMACF,
PESMAGF, PIAVGEF, PIGRBF, PIEMOF and PIOEF are not in any way sponsored, endorsed, sold or promoted by FTSE International Limited ("FTSE") or by Bursa
Malaysia Berhad ("BURSA MALAYSIA") or by the London Stock Exchange Group companies (the "LSEG") and neither FTSE nor BURSA MALAYSIA nor LSEG makes
any warranty or representation whatsoever, expressly or impliedly, either as to the results to be obtained from the use of the FTSE BURSA MALAYSIA EMAS SHARIAH
INDEX, FTSE BURSA MALAYSIA SMALL CAP SHARIAH INDEX, FTSE BURSA MALAYSIA HIJRAH SHARIAH INDEX and the customised index by FTSE based on
the constituents with market capitalisation below RM6.0 billion within the FTSE BURSA MALAYSIA EMAS SHARIAH INDEX ("the Indices"), and/or the figure at which
the said Indices stand at any particular time on any particular day or otherwise. The Indices are compiled and calculated by FTSE. However, neither FTSE nor BURSA
MALAYSIA nor LSEG shall be liable (whether in negligence or otherwise) to any person for any error in the Indices and neither FTSE nor BURSA MALAYSIA nor LSEG
shall be under any obligation to advise any person of any error therein.
"FTSE®", "FT-SE®" and "Footsie®" are trade marks of LSEG and are used by FTSE under licence. "BURSA MALAYSIA" is a trade mark of BURSA MALAYSIA.
The S&P Shariah BMI Asia Ex-Japan Index, S&P Shariah BMI Hong Kong and China ‘H’ Shares Index, S&P Shariah BMI Taiwan Index, the customised benchmark
index for PAIF, the customised benchmark index for PIALEF, the customised benchmark index for PIA40GF, the customised benchmark index for PIENTEF and the
customised benchmark index for PIOEF are products of S&P Dow Jones Indices LLC (“SPDJI”), and have been licensed for use by Public Mutual Berhad. Standard &
Poor’s® and S&P® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark
Holdings LLC (“Dow Jones”); Standard & Poor’s®, S&P® and Dow Jones® are trademarks of the SPDJI; and these trademarks have been licensed for use by SPDJI
and sublicensed for certain purposes by Public Mutual Berhad. Public Mutual Berhad’s PAIF, PIADF, PCIF, PIALEF, PIA40GF, PIENTEF, PIATAF and PIOEF are not
sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates and none of such parties make any representation regarding the
advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the S&P Shariah BMI Asia Ex-Japan Index, S&P
Shariah BMI Hong Kong and China ‘H’ Shares Index, S&P Shariah BMI Taiwan Index, the customised benchmark index for PAIF, the customised benchmark index for
PIALEF, the customised benchmark index for PIA40GF, the customised benchmark index for PIENTEF and the customised benchmark index for PIOEF.
Notes: • The total return is the overall return of the fund over the period.
• The annualised return is the compounded annual rate of return of the fund over the specified period.
• Fund performance should be evaluated against the benchmark index.
• The performances of funds are calculated on NAV-to-NAV basis and sourced from Lipper.
• Commencement date is the last day of the initial offer period.
• The distribution yields of funds are computed by dividing gross distribution for the financial year/period over the Ex-NAV per unit and it is not directly
comparable with fixed deposit rate.
• The asset allocation presented have been verified by the Trustees.
• The stocks invested by the fund are classified according to various criteria which include the country classification assigned by international index
providers and the company’s main business interest in terms of geographical segmentation.
For more information, please contact any of our authorised UTCs, agency offices, branches Public Mutual Berhad (23419-A)
or call Public Mutual Hotline at 03-6207 5000 or visit us at our website at http://www.publicmutual.com.my Block B, Sri Damansara Business Park, Persiaran Industri,
Bandar Sri Damansara, 52200 Kuala Lumpur, Malaysia.
Tel : 03-62796800 Fax : 03-62779800
42