ASNB announces income distribution for 3 funds

The income distribution totalling RM650.7m is set to benefit some 579,100-unitholders 


AMANAH Saham Nasional Bhd (ASNB), the wholly-owned unit trust management company of Permodalan Nasional Berhad (PNB), announced four sen per unit for Amanah Saham Malaysia (ASM 3), 2.85 sen per unit for ASN Equity 5 and 2.80 sen per unit for ASN Sara 2 for the financial year ending Sept 30, 2021 (FY21). 

In a statement yesterday, PNB said ASM 3 declared a total income distribution payout of RM593.04 million benefitting 525,038-unit holders who currently own 14.83 billion units. 

“ASM 3 recorded a net realised income of RM653.27 million for this financial year, reflecting an increase of 17.87% from last year. 

“The return of four sen per unit remains competitive and exceeds the benchmark Maybank 12-Month Fixed Deposit return of 1.85% by 215 basis points for FY21,” said PNB. 

ASNB declared a total income distribution of RM9.8 million for the unitholders of ASN Equity 5, which is equivalent to 2.85 sen per unit to 11,202-unit holders with 343.8 million units. 

While, the unitholders of ASN Sara 2 will receive a total income distribution payout of RM47.88 million, equivalent to 2.80 sen per unit to 42,860-unit holders with 1.71 billion units. 

“These distributions translate into a dividend yield of 2.95% for ASN Equity 5 and 2.75% for ASN Sara 2, respectively, based on the net asset value of the funds as at Sept 23, 2021,” PNB said. 

ASN Equity 5 and ASN Sara 2 registered total returns of 11.46% and 4.04% respectively for FY21, which outperformed their benchmarks by 8.66% and 1.73%, respectively. 

These returns are benchmarked against the FTSE Bursa Malaysia Top 100 Index and Maybank 12-Month Fixed Deposit, at a ratio customised to each fund. 

“During the same period, the FTSE Bursa Malaysia KLCI increased by 2.79% from 1,504.82 points to 1,546.82 points following a volatile performance on the back of Covid-19 resurgence which led to Malaysia’s third Movement Control Order. 

“Global markets, however, demonstrated better performance as the MSCI All Country World Index climbed 29% during the same period, driven by the reopening of global economies as vaccine deployment shows progress,” said PNB. 

It added that the gains, dividends and other income from local and international investments driven by the gradual recovery of global and domestic financial markets. 

It further noted that the positive impact of the diversification initiatives undertaken in line with PNB’s long-term strategic plan has improved the performance of these funds.