Quick contact info

Pheim Unit Trusts Berhad 7th Floor Menara Hap Seng (Letter Box 12), No. 1 & 3 Jalan P. Ramlee, 50250 Kuala Lumpur. Monday-Friday: 9am to 5pm Saturday: 9am to 1pm Tel: +(603) 2142 8888 Fax: +(603) 2141 9199 Email: support@pheimunittrusts.com
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Pheim Income Fund

Fund Goals / Features

Pheim Income Fund aims to provide its Unit Holders with consistent income returns in the medium to longer term by investing primarily in medium to long-term fixed income instruments. A smaller percentage of the fund is also invested in equites and other high yielding instruments.

Pheim Income Fund is suitable for risk adverse investors who are looking for consistent income while taking lower risks compared to equity investments. Investors in this class would like to seek better return as compared to most fixed deposits in the longer term.

Conservative Fund

Asset Allocation & Benchmark

The Fund adopts predominantly a value approach to investing combined with active asset allocation strategy. The external investment manager may vary its Equities and Fixed Income Instruments weighting accordingly to accommodate fluctuating market cycles and changing macroeconomic conditions. The asset allocation of the Fund, as a percentage of the NAV of the Fund, is at 70% – 100% in Fixed Income Instruments and Liquid assets, and a maximum of 30% in Equities and Other High Yielding Instruments. The performance benchmark of this Fund is Maybank 1-Year FD rate at the beginning of the year.

Fund Performance – Last 5 Years

Annual Return20192020202120222023
Fund6.80%5.00%2.17%-2.64%1.46%
Benchmark3.10%2.21%1.85%2.85%2.78%
Outperformance+3.70%+2.79%+0.32%-5.49%-1.32%

Cumulative Return

(1 year – 5 years)

1 year  (2019)2 years (2019 – 2020)3 years (2019 – 2021)4 years (2019 – 2022)5 years (2019 – 2023)

Fund

(Since 1 January 2019)

6.80%12.14%14.58%11.56%13.19%

Benchmark

(Since 1 January 2019)

3.10%5.31%7.16%10.01%12.80%
Outperformance+3.70%+6.83%+7.42%+1.55%+0.39%

Cumulative Return

(Since Inception)

20192020202120222023
Fund 150.30%162.82%168.53%161.45%165.28%
Benchmark60.74%62.96%64.81%67.66%70.44%
Outperformance+89.56%+99.86%+103.72%+93.79%+94.84%

Source: LSEG Lipper.IM & Bloomberg

Fund Awards & Accolade – Refinitiv Lipper Fund Awards

Fund Performance – Since Inception

Source: LSEG Lipper.IM & Bloomberg

Fund Performance: 3-, 5-, 10-year and Total Return Since Inception

Pheim Income Fund has established a good long-term track record with the fund outperforming the benchmark by +0.40%, +2.30%, +26.98%, and +55.40% for the 5-,10-,15-, and 20-year periods ending 31 December 2023, respectively.

 

Cumulatively, PIF registered a total return of 165.28% for almost 22 years since inception, outperformed the cumulative benchmark return (70.44%) by a good margin of +94.84%, as at 31 December 2023. The annualized return since inception was 4.56% p.a. (versus benchmark of 2.47% p.a.), outperformed by +2.09% as at 31 December 2023. By leveraging on an active asset allocation strategy as well as being supported by a maximum 30% exposure into equities & other high yielding instruments. The Fund was able to generate good performance and track record, despite the highly volatile equity market.

As at 31 December 2023

PeriodFund PerformanceBenchmark*Outperformed By
3-Year0.94%7.48%-6.55%
5-Year13.19%12.79%+0.40%
10-Year31.31%29.01%+2.30%
15-Year71.19%44.21%+26.98%
20-Year118.14%62.74%+55.40%
Since Inception165.28%70.44%+94.84%
Annualised Return Since Inception4.56% p.a.2.47% p.a.+2.09%

Source: LSEG Lipper.IM & Bloomberg
* Maybank 1-Year FD Rate

Fund Historical Income Distribution

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

Fund Key Information

Pheim Income Fund
Category/Type of Fund Mixed Asset/ Conservative
Launch Date 28 January 2002
Fund Size @ 31 Dec 2023RM12.44 million
Investment Manager Pheim Asset Management Sdn Bhd
TrusteeMaybank Trustees Bhd
Maximum Sales Charge Nil
Annual Management Fee1.0%
Annual Trustee Fee0.055%
Initial Offer Price RM 1.00
NAV/Unit @ 31 Dec 2023 (Adjusted for distribution since inception)

RM 0.9857

(RM 2.6528)

Min. initial investment RM 1,000
Min. Additional investmentRM 100