Fund Goals / Features
Pheim Asia Ex-Japan Islamic Fund strives to provide the best possible return in the long-term by investing primarily in Asian markets excluding Japan through investments that comply with Shariah requirements.
Suitable for investors who:
Islamic Equity/Growth Fund
Asset Allocation & Benchmark
The Fund adopts an investment policy and strategy by investing in a portfolio of Shariah-Compliant Equities primarily in the Asian markets excluding Japan through investments that comply with Shariah requirements. The asset allocation of the Fund, as a percentage of the NAV of the Fund, is at minimum 70% and maximum 95% of the NAV of the Fund in Shariah-compliant Equities and Shariah-compliant Equity-Related Securities, and the remaining balance will be invested in Sukuk and Islamic Liquid Assets. The performance benchmark of this Fund is the MSCI AC Asia Islamic Ex-Japan Index.
Fund Performance – Last 5 Years
| Annual Return | 2019 | 2020 | 2021 | 2022 | 2023 | |
| Fund | 22.62% | 28.36% | -3.22% | -11.95% | 1.70% | |
| Benchmark | 17.64% | 22.31% | 2.97% | -16.46% | 15.10% | |
| Outperformance | +4.98% | +6.05% | -6.19% | +4.51% | -13.40% | |
|
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) |
22.62% | 57.40% | 52.33% | 34.12% | 36.40% | |
|
Benchmark (Since 1 January 2019) |
17.64% | 43.88% | 48.15% | 23.76% | 42.45% | |
| Outperformance | +4.98% | +13.51% | +4.18% | +10.36% | -6.05% |
Source: LSEG Lipper.IM & Bloomberg
Fund Performance – Since Inception
Source: LSEG Lipper.IM & Bloomberg
Fund Performance: 3-,5-,10-year periods and total return since inception
As at 31 December 2023
| Period | Fund Performance | Benchmark* | |
| 3-Year | -13.34% | -0.99% | |
| 5-Year | 36.40% | 42.45% | |
| 10-Year | 57.80% | 91.27% | |
| 15-Year | 199.78% | 220.69% | |
| Since Inception | 104.81% | 124.37% | |
| Annualised Return Since Inception | 4.28% p.a. | 4.83% p.a. |
Source: LSEG Lipper.IM & Bloomberg
*MSCI AC Asia Ex-Japan Islamic Index
Pheim Asia Ex-Japan Islamic Fund at Its Best
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”.
PAXJI conducted a unit split on the 30th of November 2017. The ratio of the split was 1:1, indicating that all unitholders of PAXJI 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 PAXJI before the unit split was ranging around MYR 1.30-1.33, 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 Awards & Accolade – LSEG Lipper Fund Awards
Over the past 17 years since inception, the Fund has established a good long-term performance track record.
Pheim Asia ex-Japan Islamic Fund has won 3 LSEG Lipper Fund Awards (Global Islamic – Equity Asia Pacific ex-Japan category) for 1-year period ending December 2013; 2-year period ending December 2014; and 3-year period ending December 2019. On the local awards, Pheim Asia ex-Japan Islamic Fund has also won 2 LSEG Lipper Fund Awards (Malaysia Islamic – Equity Asia Pacific ex-Japan category) for 5-year period ending December 2011; and 3-year period ending December 2019.
Fund Key Information
| Pheim Asia Ex-Japan Islamic Fund | |
| Category/Type of Fund | Equity/Growth |
| Launch Date | 1 November 2006 |
| Fund Size @ 31 Dec 2023 | MYR 25.26 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 0.5621 (RM 1.9506) |
| Min. initial investment | RM 1,000 |
| Min. Additional investment | RM 100 |
| EPF Member’s Investment Scheme | Yes |