KUALA LUMPUR: Amanah Saham Nasional Bhd (ASNB) declared an income distribution of 4.25 sen per unit for its fixed price fund Amanah Saham Bumiputera 3 - Didik (ASB 3 Didik).
ASNB had on Tuesday said this was a payout of RM275.4mil for ASB 3 Didik's 298,560 unit holders that hold over 6.5 billion units.
It also declared 2.0 sen per unit for its variable price fund ASN Equity 2. The total income distribution payout was RM29.4mil for the 33,277 unit holders who hold over 1.4 billion units.
ASNB, the wholly-owned unit trust company of Permodalan Nasional Bhd (PNB), said the income distributions for both funds were for the financial year ending June 30,2020.
Commenting on the payout for ASB 3 Didik, ASNB said the return of 4.25 sen per unit exceeds the benchmark Maybank 12-Month Fixed Deposit return of 2.10% by 215 bps.
As at May 31,2020, ASB 3 Didik recorded a net realised income of RM251.4mil.
ASB 3 Didik shares similar characteristics with its benchmark, Maybank 12-month fixed deposit, whereby investors take minimal risk on the capital value given the fixed price feature.
As a mixed asset fund, ASB 3 Didik has the flexibility to invest in equities and other asset classes to enhance its return.
ASNB said for ASN Equity 2, the 2.0 sen per unit amounts to a dividend yield of 4.04% based on the net asset value of the fund as at June 25.
As at May 31,2020, ASN Equity 2 recorded a net realised income of RM34.6mil.
The income distribution declared by these funds are derived from the funds’ realised gains, dividends and other income.
This is in accordance with PNB’s objective to continue delivering sustainable long-term returns to its unit holders.
The computation of the income distribution for ASB 3 Didik is based on the average minimum monthly balance held throughout the financial year of the fund, whilst for ASN Equity 2, the calculation of the income distribution is based on the units held as at 30 June 2020.
The distribution declared by both funds will be re-invested as additional units into the accounts of unit holders and will be automatically credited on July 1 for both funds.
PNB is one of the largest fund management companies in Malaysia with assets under management (AUM) exceeding RM300bil.
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