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ASIA PACIFIC EX-JAPAN TARGET 3-year
Fund Volatility
RETURN FUND 13.1
Moderate
MARCH 2022 Lipper Analytics
10-Mar-2022
ALL DATA AS AT 28 FEBRUARY 2022 UNLESS OTHERWISE STATED
FUND INFORMATION FUND OBJECTIVE
Launch Date: 10 October 2014
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The Fund seeks to provide capital appreciation by investing in securities in the Asia Pacific ex -Japan region.
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Fund Category/Fund Type: Equity/growth
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Fund Size: RM79,132,522.56
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ASSET ALLOCATION
Initial Offer Price: RM0.5000
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1. Information Technology 31.68% 7. Financials 5.40%
2. Consumer Discretionary 18.00% 8. Health Care 4.04%
NAV per Unit: RM0.5957
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3. Industrials 12.08% 9. Consumer Staples 3.09%
EPF Investment Scheme: Nil
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4. Materials 11.45% 10. Utilities 1.34%
5. Cash & cash equivalents 6.92% 11. Real Estate 0.47%
ISIN No: MYU940000AR5
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6. Energy 5.53%
* as percentage of NAV.
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FEES, CHARGES AND EXPENSES
Annual Management Fee: COUNTRY ALLOCATION
Up to 1.80% of the Fund's NAV per annum
1. China 58.54% 5. Hong Kong 3.84%
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Annual Trustee Fee: 2. Korea, Republic of 15.02% 6. Thailand 3.54%
Up to 0.08% of the NAV of the Fund per annum 3. Taiwan, Province of China 11.49% 7. Singapore 1.95%
subject to a minimum of RM18,000 per annum
4. Australia 4.56% 8. India 1.07%
(excluding foreign custodian fees and charges)
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Sales Charge:
Direct: Up to 5.50% of the NAV per Unit
* as percentage of NAV.
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Redemption charge: Nil
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Redemption Payment Period: Ten (10) calendar days
TOP HOLDINGS
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1. LG Chem Ltd 3.73% 4. Ganfeng Lithium Co., Limited 3.22%
TRANSACTION DETAILS 2. Tencent Holdings Limited 3.38% 5. Longi Green Energy Technology Co., 3.13%
3. Samsung Electronics Co., Limited 3.37% Limited
Minimum Initial Investment
Lump sum : RM1,000 * as percentage of NAV.
Regular Investment : RM100
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Minimum Additional Investment
Lump sum & Regular Investment : RM100
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FUND PERFORMANCE
* The Manager reserves the right to change the minimum Eastspring Investments Asia Pacific ex-Japan Target Return Fund - Since Inception (SI) Return Vs Benchmark
amounts stipulated above from time to time
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DISTRIBUTIONS
SI % Change
Income Distribution Policy:
Annual, subject to the availability of income
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Fund NAV:
NAV Date
52-Week High 0.7296 25-06-2021
52-Week Low 0.5875 24-02-2022
Date
FUND MANAGER Eastspring Investments Asia Pacific ex-Japan Target Return Fun Benchmark
Fund Manager: Eastspring Investments Berhad
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The performance is calculated on NAV-to-NAV basis with gross income or dividend reinvested
Source: Lipper for Investment Management. Past performance is not necessarily indicative of future performance.
Eastspring Investments Berhad 200001028634 (531241-U)
Level 22, Menara Prudential,
Persiaran TRX Barat,
55188 Tun Razak Exchange,
Kuala Lumpur
Tel: 603 - 2778 3888
E-mail: cs.my@eastspring.com
Web: www.eastspring.com/my
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ASIA PACIFIC EX-JAPAN TARGET
RETURN FUND
MARCH 2022
ALL DATA AS AT 28 FEBRUARY 2022 UNLESS OTHERWISE STATED
PERFORMANCE TABLE
1 month 6 months 1 year 3 years 5 years Since
Inception
Fund -1.23% -7.40% -8.41% 36.97% 44.57% 59.34%
Benchmark * 0.59% 3.89% 8.00% 25.97% 46.93% 75.83%
Lipper Ranking 14 of 36 11 of 36 16 of 26 2 of 16 6 of 12 n.a.
Lipper Fund Category: Equity Asia Pacific ex Japan
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*The performance benchmark of the Fund is 8% growth of NAV per annum over the medium to long -term.
Fund performance and Lipper ranking are sourced from Lipper for Investment Management, 28 February 2022. Performance is calculated on a Net Asset Value ("NAV") to NAV basis
with gross income or dividend reinvested. Past performance is not necessarily indicative of future performance.
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LIPPER LEADERS RATING (OVERALL)
Total Return Consistent Return Preservation Lipper Leaders Key
Lowest 1
5 5 5 Highest 5
The Lipper Leaders Ratings System is a set of tools that guide investors and their advisors to select funds that suit individual investment styles and goals. It uses investors-centred criteria to
deliver a simple, clear description of a fund's success in meeting certain goals, such as preserving capital or building wealth through consistent strong returns.
Lipper Leader ratings are derived from highly sophisticated formulas that analyse funds against clearly defined criteria. Each fund is ranked against its peers based on the metric used (such
as Total Return or Expense), and then the top 20% of funds in that ranking receive the Lipper Leader designation. Lipper Leaders measures are not predictive of future performance, but they
do provide context and perspective for making knowledgeable fund investment decisions.
FUND MANAGER’S COMMENTARY
The Fund registered a negative return of 1.23% in February 2022, behind of the target rate of return of +0.59% (8% pa compounded). MSCI Asia Pacific ex-Japan Index was down 1.35% for
the month, outperformed the MSCI World index (-2.65%) by 1.30%.
Asia Pacific ex-Japan equities were rising steadily in the first 2 weeks of the month then dropped to negative territory on the news of Russia invaded Ukraine on 24 February 2022. Global
equities fell in February on the backdrop of tighter Fed policy, inflationary risk on commodity prices surge due to Russia/Ukraine war, and Omicron variant outbreaks. The top performers for
the month were Malaysia (+6.35%), Indonesia (+3.88%) and Shanghai (+3.00%). The laggards were Hong Kong (-4.58%), India (-3.05%) and Philippine (-0.69%) in terms of local currency
returns. Malaysia and Indonesia gained on high commodity prices. Shanghai rebounded in the month of February led by energy, decarbonization and advanced manufacturing growth names.
Hong Kong dragged down by regulatory woes and risk averseness due to the Ukraine conflict. The recent spread of Omicron should inevitably result in delayed border re-opening and is
disrupting retail market recovery has also weighed on performance of Hong Kong market. India underperformed due to heavy foreign selling as it is the most vulnerable to high oil prices.
Asia Pacific ex-Japan currencies against the USD were mix in February 2022. The best performers were the Australian Dollar (+2.77%), the Thai Baht (+1.59%) and the Chinese Yuan
(+0.83%). Meanwhile, the worst performers were the Indian Rupee (-1.28%), the Taiwan Dollar (-0.69%) and the Malaysian Ringgit (-0.29%). The dollar index closed at 96.7, increased
modestly by 0.17% in February 2022.
Commodities surged with Brent crude up US$9.9 to US$100.8/bbl, now +30% YTD with investors afraid the war would interrupt supplies. European gas (1m Rotterdam) jumped €2.9 to
€98.3/MWh and is +50% YTD. Gold rose 6.2% to US$1909/oz.
Key events for the month of February were the Russian forces attacked cities across Ukraine after President Vladimir Putin ordered an operation aimed at demilitarizing the country. Putin said
Russia doesn’t plan to “occupy” its southern neighbour, but that Russia must “defend itself from those who took Ukraine hostage” -- the U.S. and its allies who had crossed Russia’s “red line”
with expansion of the NATO alliance. In his address, Putin said the aim was to “protect people who for eight years have been suffering persecution and genocide by the Kyiv regime .” Other
key events were the US Jan CPI stood at 7.5% YoY, higher than 7.3% consensus, the highest since 1982. In the week of 19 February, PBOC injected liquidity of total Rmb760bn. Canada,
after declaring “zero tolerance, ” the police cleared protestors who had been obstructing the Ambassador Bridge between Windsor and Detroit . France Police fired tear gas at demonstrators
on the Champs-Elysees avenue and other places in Paris on Saturday after a Freedom Convoy protesting Covid-19 restrictions made it into the capital. China medical products regulator said
it has given conditional approval for Pfizer's treatment Paxlovid, making it the first oral anti-coronavirus pill approved in the country to treat the disease. New York lifted mask and vaccine
mandates for indoor businesses.
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OTHER INFORMATION ABOUT THE FUND
Year
.
2017 .
2018 .
2019 .
2020 .
2021 .
Annual Fund Performance (%)
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18.84 .
-15.61 .
20.04 .
26.94 .
2.26 .
Annual Benchmark 8.00 .
8.00.
8.02 .
8.02 .
8.00 .
Performance (%)
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Date/Distribution (RM)
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27 Dec, 0.0291 .
26 Dec, 0.0203 .
17 Dec, 0.0265 .
17 Dec, 0.0255 .
20 Dec, 0.0268 .
Distribution Yield (%)
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2.33 .
5.20.
4.88 .
3.96 .
4.08 .
Source: Distribution and Distribution Yield are sourced from the fund 's Annual Report. Fund and Benchmark for current year are based on Year to Date (YTD) figures which is sourced
from Lipper for Investment Management. Past performance is not necessarily indicative of future performance.
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IMPORTANT INFORMATION
Based on the Fund’s portfolio returns as at 28 February 2022, the Volatility Factor (VF) for this Fund is 13.1 and is classified as “Moderate” (Source: Lipper). “Moderate” generally includes funds with VF
that are higher than 10.41 but not more than 13.645. The VF means that 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. The VF for the Fund may be higher or lower than the VC, depending on the market conditions. 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.
Investors are advised to read and understand the contents of the Eastspring Investments Master Prospectus dated 15 July 2017, the Eastspring Investments First Supplementary Master Prospectus dated
2 February 2018, the Eastspring Investments Second Supplementary Master Prospectus dated 31 October 2018, the Eastspring Investments Third Supplementary Master Prospectus dated 2 January
2019, the Eastspring Investments Fourth Supplementary Master Prospectus dated 1 August 2019, the Eastspring Investments Fifth Supplementary Master Prospectus dated 1 October 2020, the
Eastspring Investments Sixth Supplementary Master Prospectus dated 15 December 2021 (collectively, the "Prospectuses"), as well as the Fund's Product Highlights Sheet (“PHS”) before investing. The
Prospectuses and PHS are available at offices of Eastspring Investments Berhad or its authorised distributors and investors have the right to request for a copy of the Prospectuses and PHS.
This advertisement has not been reviewed by the Securities Commission Malaysia ("SC"). The Prospectuses have been registered with the SC who takes no responsibility for its contents. The
registration of Prospectuses with the SC does not amount to nor indicate that the SC has recommended or endorsed the product. Units will only be issued upon receipt of the application form
accompanying the Prospectuses. Past performance of the Fund is not an indication of the Fund's future performance. Unit prices and distribution payable, if any, may go down as well as up. Where a unit
split/distribution is declared, investors are advised that following the issue of additional units/distribution, the Net Asset Value (“NAV”) per unit will be reduced from pre-unit split NAV/cum-distribution NAV
to post-unit split NAV/ex-distribution NAV. Where a unit split is declared, investors are advised that the value of their investment in Malaysian Ringgit will remain unchanged after the issue of the additional
units. Investments in the Fund are exposed to security risk, countries or foreign securities risk, currency risk and counterparty risk. Investors are advised to consider these risks and other general risks as
elaborated in the Prospectuses as well as fees, charges and expenses involved before investing. Investors may also wish to seek advice from a professional adviser before making a commitment to invest
in units of any of our funds.
Eastspring Investments ("Eastspring") is an ultimately wholly owned subsidiary of Prudential plc. Prudential plc, is incorporated and registered in England and Wales. Registered office: 1 Angel Court,
London EC2R 7AG. Registered number 1397169. Prudential plc is a holding company, some of whose subsidiaries are authorized and regulated, as applicable,by the Hong Kong Insurance Authority and
other regulatory authorities. Prudential plc is not affiliated in any manner with Prudential Financial, Inc., a company whose principal place of business is in the United States of America or with the
Prudential Assurance Company Limited, a subsidiary of M&G plc. A company incorporated in the United Kingdom.
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