Amanah Saham Nasional Berhad - Part 2 (Amanah Saham Gemilang Fund)

The Amanah Saham Gemilang (ASG) Fund acts as an umbrella fund for 3 funds which consist of:

1. ASG - Pendidikan (Education)

2. ASG - Kesihatan (Health)

3. ASG - Persaraan (Retirement)

Although the three funds are given different names, the objectives of these funds, like any other mutual funds are the same, which is to generate long term growth and returns.

We next look at the important information for each of the funds.

Asset Allocation: 

ASG - Pendidikan (Education)

51.59% of this fund is allocated into equity

48.41% is invested into investment instruments and asset

ASG - Kesihatan (Health)

59.44% of this fund is allocated into equity

40.56% is invested into investment instruments and asset

ASG - Persaraan (Retirement)

62.79% of this fund is allocated into equity

37.21% is invested into investment instruments and asset

Albeit the fact that ASG - Persaraan is meant for retirement, this fund allocates the highest percentage of their assets into the equity market. Perhaps this could just be a strategy of the fund manager to ride on the current equity market which is performing above expectations. 

Average Annual Returns:

The average annual returns for the 3 funds over a period of 1, 3 and 5 years are shown in the table below. This statistics are obtained from the Annual Report but one thing I am still unsure off is whether the figures are after the deduction of the Annual Management Fees or not?? Most mutual funds annual report display figures of average annual returns after deduction of the Management Fees. I believe the same applies for ASG as well.

 

For Malaysians who do not understand Bahasa Melayu, the translation as follows:

"Jumlah Purata Pulangan (%)" is defined as "Total Average Returns". 

"Penanda Aras (%)" is "Benchmark Value"

From the table, ASG-Persaraan is the best performing fund amongst the three for period of 1, 3 and 5 Years. Long term investor who target a five year investment should be satisfied with ASG-Persaraan's annual average return of 9.42%.

*Note : Fixed Deposit Rate is currently at 3 ~ 3.5%, Inflation Rate is about 4 ~ 5 %.

Top 3 Kuala Lumpur Stock Exchange (KLSE) Indices Invested by ASG as of 30th Sept 2012

ASG - Pendidikan (Education)

1. Services - (RM 11,211,115)

2. Finance - (RM 7,385,559)

3. Agriculture - (RM 2,105,196)

ASG - Kesihatan (Health)
1. Services - (RM 16,618,705)

2. Finance - (RM 13,824,473)

3. Agriculture - (RM 2,767,592)

ASG - Persaraan (Retirement)

1. Services - (RM 4,473,923)

2. Finance - (RM 2,775,323)

3. REITS - (RM 1,689,641)

With services indice taking up the largest chuck of the investment, Sime Darby and Bumi Armada are the two dominant equity purchased by all three funds. For the Finance indice, we see Maybank and Public Bank shares taking up the majority of the fund invested.

Charges for Purchasing This Fund as of 30 Sept 2012

Management Fee : 1% Per Year Over NAV

Trustee Fee : 0.07% Per Year Over NAV

Transaction Information

Related Articles / Post:

1) Amanah Saham Nasional Berhad - Part 1 (Introduction)

2) Amanah Saham Nasional Berhad - Part 3 (Amanah Saham Nasional 3 Imbang Fund)

Amanah Saham Nasional Berhad - Part 1 (Introduction)

As of posting, I have yet to invest into any of the funds from Amanah Saham Nasional Berhad. Never the less, I would be treating every post of the ASNB series as a learning stage for myself and for interested readers wanting to know more about ASNB.

Introduction of ASNB

List of Funds

There are in total 9 funds offered by ASNB which consist of :

1. Sekim Amanah Saham Nasional

2. Amanah Saham Nasional 2

3. Amanah Saham Nasional 3 Imbang

4. Amanah Saham Gemilang

5. Skim Amanah Saham Bumiputera

6. Amanah Saham Wawasan 2020

7. Amanah Saham Malaysia 

8. Amanah Saham Didik

9. Amanah Saham 1Malaysia (Latest)

Fund Availability

A check on Maybank2u.come indicate the availability of the funds as shown below:

Among the 9 funds, 3 are fully subscribed and the latest AS 1M quota for Non-Bumi has been fully subscribed. That leaves us with only ASN, ASB, ASN2, ASN3 and ASG to choose from.

Eligibility To Invest (Malaysian Bumiputera and/or Non-Bumiputera)

Fund	Bumiputera	Non Bumiputera
Amanah Saham Nasional (ASN)	Eligible	Not - eligible
Amanah Saham Bumiputera (ASB)	Eligible	Not - eligible
Amanah Saham Nasional 2 (ASN2)	Eligible	Not - eligible
Amanah Saham Nasional 3 Imbang (ASN3)	Eligible	Eligible
Amanah Saham Gemilang (Amanah Saham Pendidikan, Amanah Saham Kesihatan, Amanah Saham Persaraan) (ASG)	Eligible	Eligible

Summary

For Part 2, I would be looking at the background of each of the funds (the one's which are available) as well as well as the performance of the funds.

Till then, happy investing!

Cheers

MY Investor

Related Article / Post :
1) Amanah Saham Nasional Berhad - Part 2 (Amanah Saham Gemilang Fund)

2) Amanah Saham Nasional Berhad - Part 3 (Amanah Saham Nasional 3 Imbang Fund)

Charges For Purchasing Unit Trust / Mutual Funds

One of the key decision to make before investing your money in Unit Trust / Mutual Funds is the  charges that comes with it.

Charges for investing into Unit Trust / Mutual Funds are normally in the form of percentage (%) and consist of two types:

1. Initial Sales Charge - once for every time you invest an amount into Unit Trust
2. Annual Expense ratio - incurred annually by deducting certain % of the Net Asset Value of the fund. Deduction is calculated on a pro-rated daily basis and will be deducted from the NAV of the fund at the end of each day before the price of the fund is published. In other words, the Annual Expense ratio is considered already embedded into the pricing of the unit trust fund. For further clarification, I recommend that you read this post on 4 Myths about Unit Trust Investing.

In order to make this post easier to understand, lets make a case comparison of incurred charges between Unit Trust / Mutual Funds and the typical Fixed Deposit offered by the bank.

Type of Charges	Fixed Deposit	Unit Trust / Mutual Fund
Initial Sales Charge	None	0% - 7% (once for every invested amount depending on type of fund)
Annual Management Fee	None	1% - 1.5% annually (depending on type of fund)
Trustee Fee	None	0.06% - 0.08% of NAV (subject to a minimum of RM18,000 per annum)
Annual Expense ratio*	None	1.5% - 2.5% annually

*Annual Expense ratio is the various expenses that a unit trust incurs to keep it running, expressed as a percentage of the unit trust’s net asset value (NAV) per annum and is deducted from a unit trust’s asset on a daily basis before the price of the fund is published. Expense ratio includes annual management fee, trustee fee, administration fee, accounting and valuation fee, audit fee, custodian fee, legal fee, registrar fee, printing and distribution costs and other expenses. Expense ratios for equity funds typically range from 1.5% to 2.5%, and for fixed income funds, the expense ratios typically range from 1% to 1.5%.

From the table above, we can summarized that on the average we are charged with the following:

1. One time "Initial Sales Charge" for each investment made : ranging from 0% - 7%
2. Annual Expense ratio : ranging from 1.5% - 2.5%

While we need not know about the details of the charges, it is important that you make a comparison of charges among funds of the same investment nature. Here's a sample comparison of a few funds of the same investment nature:

Fund Name	Initial Sales Charge	Annual Management Charge	Trustee Fee	Annual Expense Ratio
Eastspring Invesment Asia Pacific Equity My Fund	5%	1.5%	0.07%	1.89%
Hwang Asia Pacific (ex Japan) Infrastructure Fund	5%	1.8%	0.08%	2.26%
Pheim Asia Ex -Japan	5%	1.5%	0.07%	1.68%

The obvious option is to select Pheim Asia Ex-Japan fund as your fund of choice. However, do note that selecting a fund based on the charges is just one of the many criteria of selecting a fund. There are also other considerations such as:

1. Fund historical performance
2. Fund area of investment
3. Fund risk rating

For future updates/tips in Investing, just bookmark http://invest-made-easy.blogspot.com or  just subscribe to me using the "Subscribe to Invest Made Easy" located at the top right of the right column.

Cheers and happy investing

MY Investor