Quick contact info

icon_widget_image 7th Floor Menara Hap Seng (Letter Box No. 12) No. 1 & 3 Jalan P. Ramlee, 50250 Kuala Lumpur icon_widget_image Monday-Friday: 9am to 6pm icon_widget_image + (603) 2142 8888 icon_widget_image 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 Return 2017 2018 2019 2020 2021
Fund 5.36% -2.51% 6.80% 5.00% 2.17%
Benchmark 3.10% 3.10% 3.10% 2.21% 1.85%
Outperformance +2.26% -5.61% +3.70% +2.79% +0.32%

Cumulative Return

(1 year – 5 years)

1 year

(2017)

2 years

(2017 – 2018)

3 years

(2017 – 2019)

4 years

(2017 – 2020)

5 years

(2017 – 2021)

Fund

(Since 1 January 2017)

5.36% 2.71% 9.70% 15.19% 17.69%

Benchmark

(Since 1 January 2017)

3.10% 6.45% 9.55% 11.76% 13.61%
Outperformance +2.26% -3.74% +0.15% +3.43% +4.08%

Cumulative Return

(Since Inception)

2017 2018 2019 2020 2021
Fund 140.39% 134.36% 150.30% 162.82% 168.53%
Benchmark 54.28% 57.64% 60.74% 62.96% 64.81%
Outperformance +86.11% +76.72% +89.56% +99.86% +103.72%

Source: Lipper IM & Bloomberg

Fund Awards & Accolade – Refinitiv Lipper Fund Awards

Fund Performance – Since Inception

Source: Lipper IM & Bloomberg

Fund Performance: 3-, 5-, 10-year and total return since inception

Cumulatively, PIF registered a total return of 168.53% for almost 20 years since inception, outperformed the cumulative benchmark return (64.81%) by a good margin of +103.72%, as at 31 December 2021. The annualized return since inception was 5.09 % (versus benchmark of 2.55%), outperformed by +2.54% as at 31 December 2021. By leveraging on an active asset allocation strategy as well as being supported by a maximum 30% equity exposure the Fund was able to generate good performance and track record, despite the highly volatile region it is operating in.

As at 31 December 2021

Period Fund Performance Benchmark* Outperformed By
3-Year 14.58% 7.16% +7.42%
5-Year 17.69% 13.61% +4.08%
10-Year 45.55% 29.64% +15.91%
15-Year 88.37% 45.98% +42.39%
Since Inception 168.53% 64.81% +103.72%
Annualised Return

Since Inception

5.09% 2.55% +2.54%

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

Fund Historical Income Distribution

Over its 20 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 2021 MYR 13.4 million
Investment Manager Pheim Asset Management Sdn Bhd
Trustee Maybank Trustees Bhd
Maximum Sales Charge Nil
Annual Management Fee 1.0%
Annual Trustee Fee 0.055%

(Effective 1st Mar 2022)

Initial Offer Price RM 1.00
NAV/Unit @ 31 Dec 2021 (Adjusted for distribution since inception)

RM 1.0580

(RM 2.6853)

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