Eastspring Investments Dynamic Fund

Interim Report

i. Quoted securities (continued)

Name of counter Quantity Aggregate Fair value Percentage
Units cost as at of net
REITS
IGB Real Estate RM 31.12.2019 asset value
of the Fund
Investment Trust RM
KIP Real Estate Investment %

Trust 133,000 225,967 251,370 0.49

916,600 918,543 788,276 1.53
2.02
1,049,600 1,144,510 1,039,646

Technology 351,000 283,222 298,350 0.58

D&O Green Technologies 245,000 575,965 570,850 1.11
Berhad
22,600 258,973 258,544 0.50
Globetronics Technology 232,000 257,520 255,200 0.50
Berhad 850,600 1,375,680 1,382,944 2.69

Malaysian Pacific
Industries Berhad

MY E.G. Services Berhad

Telecommunications & 326,117 1,449,033 1,350,124 2.62
Media 102,000 453,617 454,920 0.88
110,000 626,549 585,200 1.14
Axiata Group Berhad 266,000 1.97
Digi.Com Berhad 1,004,359 1,016,120 1.02
Maxis Berhad 57,000 470,448 525,540 7.63
Telekom Malaysia Berhad 861,117
Time Dotcom Berhad 4,004,006 3,931,904

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Eastspring Investments Dynamic Fund

i. Quoted securities (continued)

Name of counter Quantity Aggregate Fair value Percentage
Units cost as at of net
Transportation & Logistics
Lingkaran Trans Kota RM 31.12.2019 asset value
of the Fund
Holdings Berhad RM
Malaysia Airport Holdings %

Berhad 58,000 261,580 266,220 0.52
MISC Berhad
Pos Malaysia Berhad 34,000 285,036 258,400 0.50
124,000 1,022,271 1,035,400 2.01
163,000 0.47
379,000 254,981 241,240 3.50
1,823,868 1,801,260

Utilities 31,000 545,600 515,220 1.00
Petronas Gas Berhad 195,000 2,835,830 2,585,700 5.02
Tenaga Nasional Berhad 360,000 0.69
YTL Corporation Berhad 586,000 312,192 352,800 6.71
3,693,622 3,453,720

TOTAL QUOTED 11,300,247 47,746,021 43,006,175 83.59
SECURITIES

ACCUMULATED (4,739,846)
UNREALISED LOSS ON
FINANCIAL ASSETS
AT FAIR VALUE
THROUGH PROFIT OR
LOSS

FAIR VALUE OF 43,006,175
FINANCIAL ASSETS
AT FAIR VALUE
THROUGH PROFIT OR
LOSS

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i. Quoted securities

Name of counter Quantity Aggregate Fair value Percentage
Units cost as at of net
Consumer Products &
Services RM 31.12.2018 asset value
of the Fund
Airasia Group Berhad RM
Genting Berhad %
Genting Malaysia Berhad
Padini Holdings Berhad 425,000 1,333,458 1,262,250 2.23
Panasonic Manufacturing 362,000 2,820,938 2,208,200 3.90
691,000 2,935,173 2,086,820 3.69
Malaysia Berhad 0.41
Petronas Dagangan 66,000 286,942 231,660
0.85
Berhad 12,800 485,465 482,304
PPB Group Berhad 2.34
Sime Darby Berhad 50,000 1,314,298 1,325,000 2.27
73,000 1,238,002 1,283,340 2.17
Energy 513,000 1,226,429 1,231,200 17.86
Dialog Group Berhad 2,192,800 11,640,705 10,110,774
2.08
Financial Services 378,400 840,649 1,176,824
Bursa Malaysia Berhad 2.30
CIMB Group Holdings 190,700 1,451,953 1,304,388
5.64
Berhad 559,027 3,601,941 3,192,044 2.31
Hong Leong Bank Berhad 64,000 1,206,010 1,305,600
Hong Leong Financial 1.06
32,400 585,011 601,344 7.00
Group Berhad 417,389 4,233,987 3,965,196 7.83
Malayan Banking Berhad 179,000 4,370,592 4,432,040
Public Bank Berhad 2.16
Syarikat Takaful Malaysia 322,300 1,314,829 1,224,740 28.30
1,764,816 16,764,323 16,025,352
Keluarga Berhad

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Eastspring Investments Dynamic Fund

i. Quoted securities (continued)

Name of counter Quantity Aggregate Fair value Percentage
Units cost as at of net
Health Care
Hartalega Holdings RM 31.12.2018 asset value
of the Fund
Berhad RM
Kossan Rubber Industries %

Berhad 200,000 1,291,070 1,228,000 2.17
Top Glove Corporation
572,000 1,989,474 2,482,480 4.38
Berhad
220,000 1,218,903 1,232,000 2.18
Industrial Products & 992,000 4,499,447 4,942,480 8.73
Services
128,000 1,185,139 1,189,120 2.10
Petronas Chemicals 1.06
Group Berhad 124,000 603,000 598,920 0.90
700,000 840,125 511,000 4.06
Press Metal Aluminium 952,000 2,628,264 2,299,040
Holdings Berhad 2.14
49,000 1,217,855 1,211,280 2.14
V.S. Industry Berhad 4.28
255,000 1,214,770 1,213,800
Plantation 304,000 2,432,625 2,425,080 0.04
Kuala Lumpur Kepong
417,560 104,390 25,054
Berhad
Sime Darby Plantation

Berhad

Property
Sentoria Group Berhad-

Warrant

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Interim Report

i. Quoted securities (continued)

Name of counter Quantity Aggregate Fair value Percentage
Units cost as at of net
REITS
IGB Real Estate RM 31.12.2018 asset value
of the Fund
Investment Trust RM
KIP Real Estate Investment %

Trust 346,000 587,854 598,580 1.06

916,600 918,543 687,450 1.21
2.27
1,262,600 1,506,397 1,286,030

Technology 469,200 1,103,033 821,100 1.45
2.35
Globetronics Technology 885,933 701,898 1,328,900
Berhad 0.95
240,000 599,224 537,600 4.75
Inari Amertron Berhad

MI Equipment Holdings
Berhad

1,595,133 2,404,155 2,687,600

Telecommunications & 373,100 1,660,348 1,678,950 2.96
Media 47,400 382,823 383,940 0.68
3.64
Digi.Com Berhad 420,500 2,043,171 2,062,890
Time Dotcom Berhad

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Eastspring Investments Dynamic Fund

i. Quoted securities (continued)

Name of counter Quantity Aggregate Fair value Percentage
Units cost as at of net
Utilities
Tenaga Nasional Berhad RM 31.12.2018 asset value
of the Fund
TOTAL QUOTED RM
SECURITIES %

214,000 3,112,141 2,910,399 5.14

10,493,809 47,976,267 45,951,523 81.15

ACCUMULATED (2,024,744)
UNREALISED
LOSS ON FINANCIAL
ASSETS AT FAIR
VALUE THROUGH
PROFIT OR LOSS

FAIR VALUE OF 45,951,523
FINANCIAL
ASSETS AT FAIR
VALUE THROUGH
PROFIT OR LOSS

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ii. Unquoted fixed income securities

Name of counter Nominal Aggregate Fair value Percentage
value cost as at of net
5.03% Affin Bank
Berhad 20.09.2022 (A1) RM RM 31.12.2019 asset value
of the Fund
4.53% Danainfra RM
Nasional Berhad %
01.04.2037 (NR)
1,000,000 1,014,194 1,043,764 2.03
5.10% Gulf Investment
Corporation G.S.C. 2,000,000 2,022,836 2,169,916 4.22
16.03.2021 (AAA)
1,000,000 1,015,932 1,026,911 2.00
5.09% Southern Power
Generation Sdn Berhad 1,000,000 1,008,646 1,092,896 2.12
30.04.2029 (AA- IS)
5,000,000 5,061,608 5,333,487 10.37
TOTAL UNQUOTED
FIXED INCOME
SECURITIES

ACCUMULATED 271,879
UNREALISED GAIN ON
FINANCIAL ASSETS
AT FAIR VALUE
THROUGH PROFIT
OR LOSS

FAIR VALUE OF 5,333,487
FINANCIAL ASSETS
AT FAIR VALUE
THROUGH PROFIT
OR LOSS

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Eastspring Investments Dynamic Fund

ii. Unquoted fixed income securities

Name of counter Nominal Aggregate Fair value Percentage
value cost as at of net
5.03% Affin Bank
Berhad 20.09.2022 (A1) RM RM 31.12.2018 asset value
of the Fund
5.25% Bumitama RM
Agri Ltd 18.03.2019 (AA3) %

5.10% Gulf Investment 1,000,000 1,014,194 1,020,444 1.80
Corporation G.S.C. 4,000,000 4,065,566 4,068,771 7.19
16.03.2021 (AAA)
1,000,000 1,016,731 1,021,131 1.80
5.09% Southern Power
Generation Sdn Berhad 1,000,000 1,008,646 1,043,756 1.84
30.04.2029 (AA-IS)

TOTAL UNQUOTED 7,000,000 7,105,137 7,154,102 12.63
FIXED INCOME

SECURITIES

ACCUMULATED 48,965
UNREALISED
GAIN ON FINANCIAL
ASSETS AT FAIR
VALUE THROUGH
PROFIT OR LOSS

FAIR VALUE OF 7,154,102
FINANCIAL
ASSETS AT FAIR
VALUE THROUGH
PROFIT OR LOSS

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Interim Report

The effective weighted average interest rate of unquoted fixed income securities per
annum as at the date of the statement of financial position are as follows:

Unquoted fixed income securities 2019 2018
% %

3.95 4.69

7. CASH AND CASH EQUIVALENTS

Bank balance with a licensed bank 2019 2018
Deposit with a licensed financial institution RM RM

42,778 49,734
3,220,269 2,940,274
3,263,047 2,990,008

The effective weighted average interest rate of short-term deposit with a licensed
financial institution per annum as at the date of statement of financial position are as
follows:

2019 2018

%%

Deposit with a licensed financial institution 3.05 3.40

The deposit has an average maturity of 2 days (2018: 2 days).

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Eastspring Investments Dynamic Fund

8. UNITS IN CIRCULATION 2019 2018

At the beginning of the financial period No. of units No. of units
Creation of units from applications during the
62,283,359 78,255,724
financial period 1,437,110 3,511,376
Cancellation of units during the financial period
At the end of the financial period (4,389,693) (19,341,274)

59,330,776 62,425,826

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Interim Report

9. TRANSACTIONS WITH BROKERS/DEALERS

Details of transactions with the top 10 brokers and dealers are as follows:

Name of brokers/ Value Percentage Brokerage Percentage
dealers of trades of total fees of total
trades
2019 RM RM brokerage
% fees
CGS - CIMB Securities
Sdn Bhd %

CLSA Securities Malaysia 4,533,493 15.49 9,648 14.79
Sdn Bhd 3,954,502 13.51 8,384 12.86
3,870,635 13.22 8,206 12.58
Maybank Investment Bank 3,831,126 13.09 8,122 12.45
Berhad 3,216,236 10.99 6,818 10.45
2,835,717 6,035
KAF Seagroatt & Campbell 2,257,385 9.69 4,786 9.25
Securities Sdn Bhd 1,357,209 7.71 2,879 7.34
4.64 2,036 9.25
Citigroup Global Markets 960,334 3.28 1,617 3.12
(M) Sdn Bhd 762,903 2.61 3,531 2.48
1,689,399 5.77 62,062 5.43
UOB Kay Hian Securities 29,268,939 100.00 100.00
(M) Sdn Bhd

RHB Investment Bank
Berhad

Affin Hwang Investment
Bank Berhad

Credit Suisse Securities
(Malaysia) Sdn Bhd

Hong Leong Investment
Bank Berhad

Others

Client Services : 03-2778 1000 57

Eastspring Investments Dynamic Fund

Name of brokers/ Value Percentage Brokerage Percentage
dealers of trades of total fees of total
trades
2018 RM RM brokerage
% fees
Maybank Investment Bank
Berhad %

CIMB Investment Bank 7,840,539 17.38 16,377 18.06
Berhad 6,302,985 13.97 12,606 13.90
5,701,645 12.64 11,410 12.58
KAF Seagroatt & Campbell 4,680,315 10.38 10.33
Securities Sdn Bhd 3,434,935 9,372
7.61 6,877 7.58
Affin Hwang Investment 3,315,244
Bank Berhad 2,713,179 7.35 6,630 7.31
6.01 5,426 5.98
CLSA Securities Malaysia 1,750,541
Sdn Bhd 1,730,327 3.88 3,501 3.86
3.84 3,461 3.82
UOB Kay Hian Securities
(M) Sdn Bhd 1,695,793 3.76 3,392 3.74

AmInvestment Bank 5,945,188 13.18 11,631 12.84
Berhad 45,110,691 100.00 90,683 100.00

Kenanga Investment Bank
Berhad

Citigroup Global Markets
(M) Sdn Bhd

Macquarie Capital
Securities (Malaysia)
Sdn Bhd

Others

All brokers and dealers highlighted above are not related to the Manager.

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10. UNITS HELD BY THE MANAGER
The related party of and its relationship with the Fund are as follows:

Related party Relationship
Eastspring Investments Berhad The Manager

No. of units 2019 2018
1,451 RM No. of units RM

Eastspring Investments Berhad 1,259 1,388 1,259

The above units were transacted at the prevailing market price.

The units are held legally by the Manager and are within the prescribed limit allowed
by SC’s Guidelines on Unit Trust Funds. Other than the above, there were no units held
by the Directors or parties related to the Manager.

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Eastspring Investments Dynamic Fund

11. MANAGEMENT EXPENSE RATIO (“MER”) 2019 2018
MER % %

0.70 0.70

MER is derived from the following calculation:

MER = (A + B + C + D + E) X 100
F

A = Management fee

B = Trustee fee

C = Audit fee

D = Tax agent fee

E = Other expenses (excluding transaction cost and withholding tax)

F = Average net asset value of the Fund calculated on a daily basis

The average net asset value of the Fund for the financial period calculated on a daily
basis is RM52,362,644 (2018: RM67,868,330).

12. PORTFOLIO TURNOVER RATIO (“PTR”) 2019 2018
PTR (times) 0.28 0.33

PTR is derived from the following calculation:

(Total acquisitions for the financial period + total disposals for the financial period) ÷ 2
Average net asset value of the Fund for the financial period calculated on a daily basis

where:
total acquisitions for the financial period = RM15,787,367 (2018: RM19,618,830)
total disposals for the financial period = RM13,481,572 (2018: RM25,491,861)

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13. APPROVAL OF FINANCIAL STATEMENTS
The financial statements have been approved for issue by the Manager on
17 February 2020.

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Eastspring Investments Dynamic Fund

CORPORATE DIRECTORY

THE MANAGER TRUSTEE
NAME NAME
EASTSPRING INVESTMENTS BERHAD DEUTSCHE TRUSTEES MALAYSIA BERHAD

COMPANY NO. COMPANY NO.
200001028634 (531241-U) 763590-H

REGISTERED OFFICE REGISTERED OFFICE & BUSINESS OFFICE
Level 25, Menara Hong Leong Level 20, Menara IMC
No. 6, Jalan Damanlela No. 8, Jalan Sultan Ismail
Bukit Damansara 50250 Kuala Lumpur
50490 Kuala Lumpur
TELEPHONE NO.
BUSINESS OFFICE 603-2053 7522
Level 22, Menara Prudential
Persiaran TRX Barat FAX NO.
55188 Tun Razak Exchange 603-2053 7526
Kuala Lumpur
SALE & PURCHASE OF UNITS
TELEPHONE NO. Eastspring Investments Berhad
603-2778 3888 Level 22, Menara Prudential
Persiaran TRX Barat
FAX NO. 55188 Tun Razak Exchange
603-2789 7220 Kuala Lumpur

EMAIL TELEPHONE NO.
[email protected] 603-2778 1000

WEBSITE
www.eastspring.com/my

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Interim Report

CORPORATE DIRECTORY (CONTINUED)

BRANCHES
Petaling Jaya
Eastspring Investments Berhad
A-17-P1 & M
Block A, Jaya One
72A, Jalan Universiti
46200 Petaling Jaya, Selangor

TELEPHONE NO.
603-7948 1288

Kota Kinabalu
Eastspring Investments Berhad
Suite E3, 9th Floor
CPS Tower, Centre Point Sabah
No. 1, Jalan Centre Point
88000 Kota Kinabalu, Sabah

TELEPHONE NO.
6088-238 613

ENQUIRIES
CLIENT SERVICES
603-2778 1000

Client Services : 03-2778 1000 63



Eastspring Investments Berhad 200001028634 (531241-U) Client Services
Level 22, Menara Prudential, Persiaran TRX Barat T: (603) 2778 1000
55188 Tun Razak Exchange, Kuala Lumpur [email protected]
T: (603) 2778 3888 F: (603) 2789 7220
eastspring.com/my