Fund Goals / Features
Pheim Emerging Companies Balanced Fund aims to provide unit holders with steady income and potential for capital appreciation in longer term by investing in a balanced portfolio of Equities and Fixed Income Instruments.
The investor profile of Pheim Emerging Companies Balanced Fund consists of conservative equity investors, who are willing to accept a moderate level of risk, and have a preference for a steady income stream and have the potential for capital appreciation.
Balanced Fund
Asset Allocation & Benchmark
The Fund adopts an investment policy and strategy by investing in a Balanced portfolio of Equities and Fixed Income Instruments and Liquid Assets. The asset allocation of the Fund, as a percentage of the NAV of the Fund, is at 0% – 60% in Equities and Equity-Related Securities, and the remaining in Fixed Income Instruments and Liquid Assets. The performance benchmark of this Fund is the weighted average of 60% of FTSE Bursa Malaysia EMAS index, and 40% of Maybank 1-year fixed deposit rate at the beginning of the year (for fixed income portion).
Fund Performance – Last 5 Years
| Annual Return | 2019 | 2020 | 2021 | 2022 | 2023 | |
| Fund | 10.83% | 23.59% | 0.30% | -8.92% | -0.11% | |
| Benchmark | 0.23% | 2.91% | -2.03% | -1.59% | 2.72% | |
| Outperformance | +10.60% | +20.68% | +2.33% | -7.33% | -2.83% | |
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) | 10.83% | 36.97% | 37.38% | 25.13% | 24.99% | |
Benchmark* (Since 1 January 2019) | 0.23% | 3.95% | 2.40% | 0.13% | 2.85% | |
| Outperformance | +10.60% | +33.02% | +34.98% | +25.00% | +22.14% |
Cumulative Return (Since Inception) | 2019 | 2020 | 2021 | 2022 | 2023 | |
| Fund | 176.08% | 241.21% | 242.22% | 211.70% | 211.37% | |
| Benchmark* | 113.27% | 121.20% | 117.89% | 113.06% | 118.86% | |
| Outperformance | +62.81% | +120.01% | +124.33% | +98.64% | +92.51% |
Source: LSEG Lipper.IM & Bloomberg
*Weighted Average of 60% of FTSE Bursa Malaysia EMAS Index Return and 40% of Maybank 1-year FD Rate
Fund Awards & Accolade – LSEG Lipper Fund Awards
Fund Performance – Since Inception
Source: LSEG Lipper.IM & Bloomberg
Fund Performance: 3-, 5-, 10-, 15-, 20-year periods and Total Return Since Inception
Pheim Emerging Companies Balanced Fund has established a good long-term track record with the fund outperforming the benchmark by +22.14%, +32.39%, +67.59% and +36.68% for the 5-,10-,15-, and 20-year periods ending 31 December 2023, respectively.
Cumulatively, Pheim Emerging Companies Balanced Fund registered a total return of 211.37% for almost 22 years since inception, outperformed the cumulative benchmark return (118.86%) by a good margin of +92.51%, as at 31 December 2023. The annualised return since inception was 5.33% p.a. (versus benchmark of 3.65% p.a.), outperformed by +1.68% as at 31 December 2023. The balanced fund has a maximum of 60% equity exposure, and yet the Fund was still able to generate such an outstanding performance and track record.
As at 31 December 2023
| Period | Fund Performance | Benchmark* | Outperformed By |
| 3-Year | -8.74% | -1.59% | -7.15% |
| 5-Year | 24.99% | 2.85% | +22.14% |
| 10-Year | 35.59% | 3.19% | +32.39% |
| 15-Year | 146.62% | 79.03% | +67.59% |
| 20-Year | 137.44% | 100.76% | +36.68% |
| Since Inception | 211.37% | 118.86% | +92.51% |
| Annualised Return Since Inception | 5.33% p.a. | 3.65% p.a. | +1.68% |
Source: LSEG Lipper.IM & Bloomberg
* Weighted Average of 60% of FTSE Bursa Malaysia EMAS Index Return and 40% of Maybank 1-year FD Rate
Fund Historical Income Distribution
Over its 21 years of operation, PECBF has consistently produced income distributions every year without fail (thanks to the cash reserves it accumulated via realized profits arising from stock disposals).
Fund Key Information
| Pheim Emerging Companies Balanced Fund | |
| Category/Type of Fund | Mixed Asset/ Balanced |
| Launch Date | 28 January 2002 |
| Fund Size @ 31 Dec 2023 | MYR 17.3 million |
| Investment Manager | Pheim Asset Management Sdn Bhd |
| Trustee | Maybank Trustees 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 0.8963 (RM 2.9580) |
| Min. initial investment | RM 1,000 |
| Min. Additional investment | RM 100 |