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YTD High: 0.2469
24 Apr 2015
BSN DANA DIVIDEN AL-IFRAH
YTD Low: 0.2272
07 Jan 2015
Fund Objective
The Fund seeks to provide consistent income by investing in Shariahcompliant equities with attractive dividend yield and/or potential
dividend yield.
Dana Dividen Al-Ifrah Since Investment
20%
Market Review & Outlook
15%
10%
5%
0%
-5%
Fund Details
Launch Date
: 12 September 2012
Approved Fund Size
: 800 million units
Current Fund Size
: 241.95 million units
Trustee
: Amanah Raya Berhad
Min. Initial Investment
: RM500.00
Sales Charge
: Up to 4.5% of NAV/unit
Annual Management Fee
: 1.5% p.a of NAV
Annual Trustee Fee
: 0.06% p.a of NAV
Redemption Fee
: Currently None
Switching Fee
: Currently None
Price as at 30 Apr 2015 (RM): 0.2453
Fund Performance (as at 30 April 2015)
YTD
3 Months
6 Months
Since Inception*
Since Investment**
AL-IFRAH (%)
6.61
4.65
1.70
16.44
16.39
Benchmark (%)
4.53
1.73
-2.04
17.59
13.87
*Starts from 12 September 2012
**Starts from 12 October 2012
Source: All performance figures have been verified by Novagni Analytics and
Advisory Sdn Bhd
Jan-15
Mar-15
Nov-14
Jul-14
Sep-14
May-14
Jan-14
Mar-14
Nov-13
Jul-13
Sep-13
May-13
Jan-13
Dana Dividen Al-Ifrah
FTSE BM EMAS Shariah
Asset Allocation as at 30 April 2015
May has traditionally been a decent month for the KLCI with an
average 4 years monthly return of 1.31%. The market could see a
repeat if global markets remain buoyant and oil prices continue to firm
further. The key event to watch out for in May is the tabling of the
11th Malaysia Plan in Parliament. The plan will set the pace for the last
five years before Malaysia achieves developed nation status by 2020.
On the technical front, the 6-year rally off the 2008 low has likely
ended in July 2014 and is now undergoing a multi-month correction.
The recent rebound to 1,810 suggests that there is a chance for the
KLCI to form a larger Head and Shoulders pattern that has a neckline
at 1,660-1,671. A breach of 1,660 would confirm a downside target of
1,424-1,400 for the rest of 2015. On late April, prices moved above
the November high of 1,858 but it fell back and formed a bearish
pattern. This bearish reversal candlestick pattern could signal that the
rebound from the December low is at the tail end. Therefore, we could
see a fall towards 1,774 low. This bearish forecast for 2015 is incorrect
if the KLCI can rally above the all time high of 1,896. Minor resistance
is at 1,880 and 1,896.
Mar-13
Nov-12
-10%
Sep-12
April started off on a strong note for Malaysia as the KLCI rose to 7month highs on the back of a stabilizing ringgit and oil prices. Buoyant
regional markets and the Invest Malaysia 2015 event also help boost
interest in the market. However, all of the gains were given up
towards the end of the month on the back of heavy profit taking. For
the month, the KLCI eased 0.7% or 13 points to close at 1,818 points.
The broader market outperformed the KLCI, with the FBM Emas edging
lower 0.2% month on month to 12,539 points. Small caps were mixed,
with the FBM Small cap index gaining 1.4% to 16,522 points while the
FBM ACE fell 1.9% month on month to 6,988 points. Average daily
value traded on Bursa in April eased 0.5% month on month to
RM2.11bn.
18.56%
81.44%
Equity
Liquidity
Top 5 Holdings (as at 30 April 2015)
1.
2.
3.
4.
5.
Protasco
Tenaga
SPSetia
DiGi
F&N
%NAV
`
Asset Allocation (as at 30 April 2015)
Trading & Services
Consumer
Construction
Property
Industrial
Oil & Gas
Technology
Plantation
Finance
Liquidities
5.28
4.42
3.81
3.80
3.43
%NAV
24.52
11.75
11.37
9.94
9.48
7.34
2.60
2.42
2.02
18.56
Dividend Distribution History
Year
Gross Distribution/Unit
(sen)
2012
2013
2014
n.a
2.30
2.07
Disclaimer: Neither the information nor any opinion expressed constitutes an offer, or an invitation to make an offer to buy or sell any securities. Investors are advised to read and understand the contents of the prospectus
before investing. There can be no assurance that the investment objectives of the Fund will be realized. Prices of units and distribution payable, if any, may go down as well as up. Past performance is no indication of future
performance. There are fees and charges involved and you are advised to consider them before investing in the Fund. Information has been obtained from sources believed to be reliable and Permodalan BSN Berhad does
not warrant its completeness or accuracy. Opinion and estimates constitute our judgment as of the date of this material and are subject to change without notice.