Quick contact info

Pheim Asset Management Sdn Bhd 4th Floor, UBN Tower (Letter Box 18), Jalan P.Ramlee, 50250 Kuala Lumpur Monday-Friday: 9am to 5pm Saturday: 9am to 1pm Tel: +(603) 2031 6047 Fax: +(603) 2031 6048 Email: pheim@pheim.com.my
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Dana Makmur Pheim

Fund Goals / Features

Dana Makmur Pheim is an Islamic Balanced Fund which aims to provide its Unit Holders with steady income and potential for capital appreciation in the longer term by investing in a balanced portfolio of Equities and Fixed Income Instruments which strictly comply with the principles of the Shariah.

The investor profile of Dana Makmur Pheim consists of conservative equity investors, who are willing to accept a moderate level of risk, and have a preference for a steady income stream and have the potential for capital appreciation.

Islamic Balanced Fund

Asset Allocation & Benchmark

The Fund adopts an investment policy and strategy by investing in a Balanced portfolio of Shariah-Compliant Equities as well as Sukuk and Islamic Liquid Assets. The asset allocation of the Fund, as a percentage of the NAV of the Fund, is at 0% – 60% in Shariah-Compliant Equities and Shariah-Compliant Equity-Related Securities. The remainder will be investment in Sukuk and Islamic Liquid Assets. The performance benchmark of this Fund is the weighted average of 60% of FTSE Bursa Malaysia EMAS Shariah Index, and 40% of Maybank 1-year General Investment Account (GIA) deposit rate.

Fund Performance – Lipper Ranking

At its best, Dana Makmur Pheim, was ranked no. 1 for 11 consecutive years, in terms of total return, by LSEG 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 7 consecutive years by LSEG Lipper in the same category for the 15-year period ended 31 December 2023.

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

Fund Performance – Last 5 Years

Annual Return 2019 2020 2021 2022 2023
Fund Annual Return 18.09% 17.34% -0.38% -5.82% 0.39%
Benchmark Annual Return 3.79% 6.76% -3.77% -4.67% 1.90%
Outperformance +14.30% +10.58% +3.39% -1.15% -1.51%

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)

18.09% 38.57% 38.03% 30.01% 30.52%

Benchmark

(Since 1 January 2019)

3.79% 11.60% 7.95% 1.98% 3.92%
Outperformance +14.30% +26.97% +30.08% +28.03% +26.60%

Cumulative Return

(Since Inception)

2019 2020 2021 2022 2023
Fund 388.07% 472.67% 470.47% 437.30% 439.42%
Benchmark 116.07% 132.32% 124.73% 112.30% 116.33%
Outperformance +272.00% +340.35% +345.74% +325.00% +323.09%

Source: LSEG Lipper.IM & Bloomberg

Fund Performance – Since Inception

Source: LSEG Lipper IM & Bloomberg

Fund Performance – Peer to Peer Review

Dana Makmur Pheim has established a good long-term track record with the fund outperforming the benchmark by +1.56%, +26.60%, +64.42%, +164.68%, and +178.00% for the 3-,5-,10-,15-, and 20-year periods ending 31 December 2023, respectively.

Cumulatively, Dana Makmur Pheim registered a total return of 439.42% for 21 years and 11 months since inception, outperformed the cumulative benchmark return (116.33%) by a big margin of +323.09% as at 31 December 2023. The annualized return since inception was 8.01% p.a. (versus benchmark return of 3.59% p.a.), outperformed by +4.42% as at 31 December 2023.  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.

Dana Makmur Pheim - As at 31 December 2023

Period Dana Makmur Pheim Benchmark* Outperformed By
3-Year -5.81% -7.37% +1.56%
5-Year 30.52% 3.92% +26.60%
10-Year 68.12% 3.70% +64.42%
15-Year 242.59% 77.91% +164.68%
20-Year 276.65% 98.65% +178.00%
Since Inception 439.42% 116.33% +323.09%
Annualised Return   Since Inception 8.01% p.a. 3.59% p.a. +4.42% p.a.

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

Source: LSEG Lipper.IM & Bloomberg

When Dana Makmur Pheim is Compared To Its Peers...

Islamic Mixed Asset MYR Balanced – Malaysia 28.01.2002 – 31.12.2023
Total Return Since Inception Annualised Return Since Inception
Dana Makmur Pheim

No.1

439.42% 8.01% p.a.
Top Competitor

No.2

209.51% 5.30% p.a.
Top Competitor

No.3

110.45% 3.46% p.a.

Source: LSEG Lipper.IM

Fund Awards & Accolade - Best of the Best Country Awards (Malaysia)

For seven 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 Fund/Product” in 2018 – 2024.

Fund Awards & Accolade – LSEG Lipper Fund Awards

Over the past 22 years since inception, the Fund has established a long-term performance track record. Dana Makmur Pheim has won a total of 56 LSEG 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.

Fund Awards & Accolade – Consistency in Winning LSEG Lipper Fund Awards

Period Malaysia Islamic Global Islamic Malaysia Provident
1-Year/

2-Year

1-Year Period

2-time winner

(2003, 2004)

1-Year Period
2-time winner
(2013, 2014)   2-Year Period
1-time winner
(2014)
N/A
3-Year 5-time winner

(2014, 2015, 2016, 2017, 2019)

5-time winner

(2014, 2015, 2016, 2017, 2019)

3-time winner

(2016, 2017, 2019)

5-Year 6-time winner

(2014, 2015, 2016, 2017, 2018, 2019)

5-time winner

(2015, 2016, 2017, 2018, 2019)

3-time winner

(2016, 2017, 2019)

10-Year 10-time winner

(2012, 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022, 2023)

9-time winner

(2015, 2016, 2017, 2018,

 2019, 2020, 2021, 2022, 2023)

7-time winner

(2017, 2018, 2019,

 2020, 2021, 2022, 2023)

In term of performance consistency, Dana Makmur Pheim has won the LSEG 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.

Fund Historical Income Distribution

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).

Fund Unit Split

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 25th 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.

Fund Key Information

Dana Makmur Pheim
Category/Type of Fund Mixed Asset/Balanced
Launch Date 28 Jan 2002
Fund Size @ 31 Dec 2023 MYR 292.2 million
Investment Manager Pheim Asset Management Sdn Bhd
Trustee Maybank Trustees Bhd
Shariah Adviser Amanie Advisors Sdn Bhd
Maximum Sales Charge 5%
Annual Management Fee 1.5%
Annual Trustee Fee 0.055%
Initial Offer Price RM 1.00
NAV/Unit @ 31 Dec 2023 (Adjusted for distribution since inception) RM 0.9857

(RM 5.1244)

Min. initial investment RM 1,000
Min. Additional investment RM 100
EPF Member’s Investment Scheme Yes