Eastspring Investments MY Focus Fund

Annual Report

Quoted securities

Name of counter Quantity Aggregate Fair value Percentage
Units cost as at of net
RM
31.12.2018 asset value
RM of the
Fund
%

Construction 700,000 2,263,380 1,638,000 0.79
Gamuda Berhad 3,114,000 8,743,578 5,044,680 2.43
IJM Corporation Berhad
6,109,540 4,905,101 7,025,971 3.38
Kerjaya Prospek Group
Berhad 575,410 - 109,328 0.05
6.65
Kerjaya Prospek Group
Berhad - Warrant

10,498,950 15,912,059 13,817,979

Consumer Products & 1,626,800 5,900,324 4,831,596 2.32
Services
183,300 3,511,752 3,607,344 1.73
Airasia Group Berhad 2,188,100 20,190,169 13,347,410 6.42
2,424,700 11,973,165 3.52
Carlsberg Brewery Malaysia 2,017,900 7,322,594 0.92
Berhad 8,440,800 2,287,165 1,917,005 14.91
43,862,575 31,025,949
Genting Berhad
Genting Malaysia Berhad
Hup Seng Industries Berhad

Energy 1,082,600 3,017,314 3,366,886 1.62
Dialog Group Berhad

Financial Services 317,900 1,214,541 1,379,686 0.66
AMMB Holdings Berhad 1,779,750 13,100,500 12,173,490 5.85
Bursa Malaysia Berhad
3,460,311 21,740,790 19,758,376 9.50
CIMB Group Holdings
Berhad 201,500 3,707,600 3,739,840 1.80
2,094,938 20,524,245 19,901,911 9.57
Hong Leong Financial 14,030,935 14,444,984 6.94
Group Berhad 583,400 11,137,568 11,303,143 5.43
2,136,700 85,456,179 82,701,430 39.75
Malayan Banking Berhad 10,574,499
Public Bank Berhad
RHB Bank Berhad

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Eastspring Investments MY Focus Fund

Quoted securities (continued)

Name of counter Quantity Aggregate Fair value Percentage
Units cost as at of net
Health Care
Hartalega Holdings Berhad RM 31.12.2018 asset value
Kossan Rubber Industries of the
RM Fund
Berhad
%
Industrial Products &
Services 330,000 2,032,800 2,026,200 0.97

Petronas Chemicals Group 1,459,300 6,285,216 6,333,362 3.04
Berhad 1,789,300 8,318,016 8,359,562 4.01

Success Transformer 1,110,000 10,281,192 10,311,900 4.96
Corporation Berhad 0.51
2,038,700 2,341,534 1,060,124 0.72
United U-Li Corporation 6.19
Berhad 2,504,400 2,988,223 1,502,640
5,653,100 15,610,949 12,874,664 2.18
Plantation
IOI Corporation Berhad 1,017,000 4,601,376 4,525,650 1.23
0.17
Property 2,276,482 4,461,903 2,549,660 1.40
Eastern & Oriental Berhad
Malaysian Resources 570,200 342,777 350,673 0.93

Corporation Berhad 2,846,682 4,804,680 2,900,333

REITS 2,589,400 2,589,400 1,942,050
KIP Real Estate Investment

Trust

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Annual Report

Quoted securities (continued)

Name of counter Quantity Aggregate Fair value Percentage
Units cost as at of net
Technology
MI Equipment Holdings RM 31.12.2018 asset value
of the
Berhad RM Fund

Telecommunications & %
Media
1,978,900 4,601,140 4,432,736 2.13
Digi.Com Berhad
785,400 3,325,611 3,534,300 1.70
Transportation & Logistics
Malaysia Airports Holdings 268,200 2,143,009 2,247,516 1.08
1,285,200 18,373,455 17,478,720 8.40
Berhad 48,810,031 212,615,763 189,207,775 90.95

Utilities (23,407,988)
Tenaga Nasional Berhad 189,207,775

TOTAL QUOTED
SECURITIES

ACCUMULATED
UNREALISED LOSS ON
FINANCIAL ASSETS AT
FAIR VALUE THROUGH
PROFIT OR LOSS

FAIR VALUE OF
FINANCIAL ASSETS AT
FAIR VALUE THROUGH
PROFIT OR LOSS

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Eastspring Investments MY Focus Fund

8. CASH AND CASH EQUIVALENTS

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

45,199 46,028
16,861,409 12,761,189
16,906,608 12,807,217

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

2019 2018
% %

Deposit with a licensed financial institution 3.05 3.40


The deposit have an average maturity of 2 days (2018: 24 days).

9. UNITS IN CIRCULATION 2019 2018

At the beginning of the financial year: No. of units No. of units
Creation of units arising from applications
Creation of units arising from distribution 220,485,283 201,516,108
Cancellation of units during the financial year 92,703,463 38,908,972
At the end of the financial year 14,345,976 11,351,779

(44,217,972) (31,291,576)

283,316,750 220,485,283

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Annual Report

10. TRANSACTIONS WITH BROKERS

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

Name of brokers Value of Percentage Brokerage Percentage
trades of total fees of total
trades
RM RM brokerage
% fees

%

2019

CGS - CIMB Securities 54,806,138 16.51 123,916 16.99
Sdn Bhd 47,492,684 14.30 102,220 14.02

Maybank Investment 47,341,310 14.26 99,481 13.64
Bank Berhad 21,952,020 6.26
21,020,375 6.61 45,676 5.90
KAF Seagroatt & 19,024,257 5.72
Campbell Securities 18,849,190 6.33 43,033 5.31
Sdn Bhd 17,199,252 4.93
16,375,556 5.73 41,680 4.70
UOB Kay Hian Securities 14,207,022 4.10
(M) Sdn Bhd 53,740,413 5.68 38,707
332,008,217 18.43
Nomura Securities 5.18 35,969 100.00
Malaysia Sdn Bhd
4.93 34,278
J.P. Morgan Securities
(Malaysia) Sdn Bhd 4.28 29,899
16.19 134,362
CLSA Securities Malaysia 100.00 729,221
Sdn Bhd

Macquarie Capital
Securities (M) Sdn Bhd

RHB Investment Bank
Berhad

Affin Hwang Investment
Bank Berhad

Others

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Eastspring Investments MY Focus Fund

Name of brokers Value of Percentage Brokerage Percentage
trades of total fees of total
trades
RM RM brokerage
% fees

%

2018

CIMB Investment Bank 85,765,620 15.40 184,436 13.68
Berhad 70,207,576 12.61 181,522 13.46

Maybank Investment 68,550,435 12.31 175,151 12.99
Bank Berhad
49,155,707 8.83 122,145 9.06
KAF Seagroatt & 45,306,256 8.66
Campbell Securities 44,295,337 8.14 116,728 7.68
Sdn Bhd 38,836,674 7.13
32,566,121 7.96 103,533 5.93
J.P. Morgan Securities 24,651,425 4.43
(Malaysia) 24,334,855 6.97 96,167 4.55
Sdn Bhd 73,133,539 12.43
556,803,545 5.85 80,011 100.00
Kenanga Investment
Bank Berhad 4.43 59,695

CLSA Securities Malaysia 4.37 61,397
Sdn Bhd 13.13 167,456
100.00 1,348,241
RHB Investment Bank
Berhad

Affin Hwang Investment
Bank Berhad

UOB Kay Hian Securities
(M) Sdn Bhd

Nomura Securities
Malaysia Sdn Bhd

Others

All brokers highlighted above are not related to the Manager.

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Annual Report

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

Related party Relationship
Eastspring Investments Berhad The Manager

No. of units 2019 2018
RM No. of units RM

Eastspring Investments 1,179 1,098 1,119 1,056
Berhad

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
the 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.

12. MANAGEMENT EXPENSE RATIO (“MER”)

2019 2018
% %

MER 1.60 1.64

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 year calculated on a daily basis
is RM245,125,078 (2018: RM218,183,079).

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Eastspring Investments MY Focus Fund

13. PORTFOLIO TURNOVER RATIO (“PTR”)

PTR (times) 2019 2018
0.68 1.28

PTR is derived from the following calculation:

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

where:
total acquisitions for the financial year = RM192,227,972 (2018: RM297,330,192)
total disposals for the financial year = RM139,780,245 (2018: RM259,473,353)

14. APPROVAL OF FINANCIAL STATEMENTS

The financial statements have been approved for issue by the Manager on
17 February 2020.

54 Client Services : 03-2778 1000

CORPORATE DIRECTORY Annual Report

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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Eastspring Investments MY Focus Fund

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

56 Client Services : 03-2778 1000



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