ASNB Declared Income Distribution Of 3.75 Sen Per Unit For ASM 3

Alex Cheong Pui Yin

4th October 2022 - 2 min read

Permodalan Nasional Berhad (PNB) had announced an income distribution of 3.75 sen per unit for its fixed price fund, Amanah Saham Malaysia 3 (ASM 3), for the financial year ending 30 September 2022 (FY22). This is a new record low, in comparison to the previous low of 4.00 sen distribution that was declared back in 2020 and 2021.

In contrast, the highest income distribution that has been recorded for ASM 3 since its launch in 2009 was 6.70 sen back in 2013.

With an income distribution of 3.75 sen per unit, Amanah Saham Nasional Berhad (ASNB) – the subsidiary of PNB – noted that ASM 3 will pay out a total income distribution of RM573.66 million for FY22. This is set to benefit 551,685 unitholders, who own 15.30 billion units.

ASNB also shared that the fund recorded a total gross income of RM757.81 million and net realised income of RM575.87 million, despite being hounded by recessionary concerns and global supply chain disruptions. It explained that the amount was derived from realised gains, dividends, as well as other income from domestic and international investments.

“The diversification strategy taken by the fund continued to show positive results as international equities contributed 40.9% to the fund’s overall gross income,” ASNB further noted in its statement, adding that the income distribution for ASM 3 – which is equivalent to a total return of 3.75% – outdid its benchmark Maybank 12-month fixed deposit rate of 2.02% by 173 basis points for the financial year up to 22 September 2022.

Meanwhile, the FTSE Bursa Malaysia KLCI also saw a 6.41% decline during the same period (between the period of 30 September 2021 to 22 September 2022). This is as it began recording an outflow of foreign investments despite an improving Covid-19 situation.

Finally, ASNB clarified that the computation of the income distribution for ASM 3 will be based on the average minimum monthly balance held throughout the financial year of the fund. The distribution declared will also be automatically reinvested as additional units into unitholders’ accounts.

(Sources: ASNB, The Edge Markets)

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Alex Cheong Pui Yin

Previously covered recruitment-related stories and had a short stint as a copywriter for the property industry. She subsequently developed an interest in investment and robo-advisors.

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