Dana Makmur Pheim

Islamic Balanced Fund

Dana Makmur Pheim was ranked no. 1 for 11 consecutive years, in terms of total return, by Refinitiv Lipper in the Islamic Mixed Asset MYR Balanced – Malaysia category for the 10-year period ended 31 December 2022.

Dana Makmur Pheim was also ranked no. 1 for 6 consecutive years by Refinitiv Lipper in the same category for the 15-year period ended 31 December 2022.

On top of that, Dana Makmur Pheim was also ranked no. 1 for 2 consecutive years by Refinitiv Lipper in the same category for the 20-year period ended 31 January 2023.

Source: Lipper IM & Bloomberg

Source: Lipper IM & Bloomberg

Dana Makmur Pheim has established a good long-term track record with the fund outperforming the benchmark by +12.53%, +22.70%, +100.02%, +121.95%, and +281.75% for the 3-,5-,10-,15-, and 20-year periods ending 31 December 2022, respectively.

Cumulatively, Dana Makmur Pheim registered a total return of 437.30% for 20 years and 11 months since inception, outperformed the cumulative benchmark return (112.30%) by a big margin of +325.00% as at 31 December 2022. The annualized return since inception was 8.38% p.a. (versus benchmark return of 3.67% p.a.), outperformed by +4.71% as at 31 December 2022.  This Islamic balanced fund has a maximum portfolio allocation of 60% in Shariah-compliant Equities and Shariah-Compliant Equity-Related Securities, and yet was still able to generate such an outstanding performance and track record.

* Weighted Average of 60% of FTSE Bursa Malaysia EMAS Shariah Index Return & 40% of Maybank 1-Year GIA Rate

Source: Lipper IM & Bloomberg

For six consecutive years, Dana Makmur Pheim was awarded the Best of the Best Country Awards (Malaysia) by Asia Asset Management for the category of “Best Islamic Product” in 2018, 2019 and 2020; “Best Islamic Fund (Balanced Fund)” in 2021 and 2022; and “Best Islamic Fund” in 2023.

Over the past 21 years since inception, the Fund has established long-term performance track record. Dana Makmur Pheim has won a total of 56 Refinitiv Lipper Fund Awards, consisting of 35 Malaysia Islamic Awards and 21 Global Islamic Awards. Not a single fund in this category has ever won so many awards in Malaysia’s unit trust history.

In term of performance consistency, Dana Makmur Pheim has won the Refinitiv Lipper Fund Awards numerous times.

• On our global achievements, Dana Makmur Pheim has won the Global Islamic Lipper Awards for its 5-year period results ending December 2015, 2016, 2017, 2018 and 2019, five years on a roll; and in the 10-year period for eight consecutive years for its results ending December 2015 to 2022.
• In the local arena, Dana Makmur Pheim has won the Malaysia Islamic Lipper Awards for 5-year period for six consecutive years for its results ending December 2014 to 2019: and in the 10-year period for eight consecutive years for its results from ending December 2015 to 2022.

Over its 21 years of operation, Dana Makmur Pheim has consistently produced income distributions every year without fail (thanks to the cash reserves it accumulated via realized profits arising from stock disposals).

Investors tend to very sensitive to the pricing of a fund’s NAV. Here the philosophy of “Buy Low-Sell High” sentiments tend to override rationale and people shy away from a fund as they feel it is overvalued. By conducting a unit split, the fund’s selling price is lowered to encourage new investments.

According to the guideline laid out by the Securities Commission Malaysia “A unit split may only be conducted when the monthly average NAV per unit of the fund has shown a sustainable appreciation over 6-month period preceding the unit split exercise”.

Dana Makmur Pheim conducted a unit split on the 25^th of August 2017. The ratio of the split was 1:1, indicating that all unitholders of Dana Makmur Pheim would now hold double (x2) the number of units they originally bought but said units would amount to the original NAV value before the split occurred.

Pheim made the decision that this was necessary as the buying price per unit of Dana Makmur Pheim before the unit split was ranging around MYR 2.22-2.24, which was considered high at the time. The sharp rise in unit price is directly correlated with improving fund performance as the value of the underlying assets were appreciating at too high rate.