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EVERY UNIT TRUST INVESTORS SHOULD KNOW HOW TO CALCULATE THE RELAVENT CALCULATIONS.
HOW TO CALCULATE UNIT TRUST SERVICE CHARGE, CAPITAL GAIN/LOST, DISTRIBUTIONS / DIVIDENDS & AVERAGE PRICE.
PLS TAKE NOTE: THIS IS FOR READ AND UNDERSTAND PURPOSE ONLY.
There are some Mis-understanding about the returns between Unit Trust vs FD vs EPF.
For FD and EPF, The Total value/returns determine by the given Interest rate and Dividends respectively.
The Unit Trust, the Total Value/Returns determine by the Unit price movement (Fund Performance) , it’s not by the given Distributions.
While, Unit Trust Distributions value determine by how much declared per unit and the Quantity of units. Investors should understand this.
To make it simple about price movement, buy cheap sell high to make profits. You can make your unit price cheaper by accumulating more units to get average cost price per unit which cheaper than your original buying price over the time.
Your average cost per unit price should be cheaper than market price to give you profits.
For 1 time investment, Re-invest back dividends in unit trust will play part to accumulates more units and get average cost price per unit which is cheaper than your buying price.
FD and EPF total value will be increase after the interest/dividends payouts.
While the unit trust value will be reduce after the distribution payouts, but the no of units remain same.
Or, the Unit Trust value will be the same, if the distributions re-invest back with increases of units and the average cost price per unit will be cheaper than your buying price.
However, the flat rate unit trust such as ASB, Total Value/returns still determine by the distribution since there is no unit price movement.
In below, I have showed how to calculate the;
Service Charge;
Buying Unit Price;
Purchased Units;
Capital Gain/Lost;
Distributions;
Unit price after the Distributions;
Units Average Cost Price;
Total Investment Value.
Happy Calculating.
The below calculations were by my own analysis.
FD – 12 Month FD Average for 2010:
Interest Rate = 3%
If RM103,000 in FD by 01/01/2010, by the end of 2010;
Return = RM103,000 x 3%
= RM3090
Total Value =
RM103,000 + RM3090
= RM106,090.
EPF:
EPF Declared 5.8% as dividends for the Financial Year End of 2010.
If RM103,000 in EPF on 1/1/2010 and assume that no top up in EPF until 31/12/2010.
At the 31/12/2010 =
RM103,000 x 5.8% = RM5974.
EPF Dividends = RM5974
Total Value = RM103,000 + RM5974
= RM108,974.
UNIT TRSUT:
Lets calculate the Service Charge First :-
Scenario 1.
Let assume that an investor invest RM10,000 in a fund where the price is RM0.50 on that day(NAV).
The service charge is 5.5%.
Amount invested / NAV Per unit
RM10,000 / RM0.50 = 20,000 units
Service charge per unit = NAV per unit x Service Charge(%)
= RM0.50 x 5.5%
= RM0.0275
So, The total service Charge incurred by Investor is
= Service Charge per unit x Units credited to investor
= Rm0.0275 x 20,000 units
= RM550.00
Following the above, the total amount payable by investor is
= Amount invested + service charge
= RM10,000 + RM550
= RM10,550
Scenario 2.
Normaly SC will be deducted from Capital,
Now, assume the capital is RM10,550
Formula for Service Charge is;
SC =Service charge = 5.50% per unit of NAV.
(A) = Capital = RM10550
SC = A - [A / (1+5.5%],
SC = (10,550) – [(10,550) / (1+5.5%)],
SC = RM10550 – RM10550/(1+ 0.055),
SC = RM10550 – RM10550 / 1.055
SC = Rm10550 – RM10,000
Sc = RM550.
After minus the Service Charge from the capital, the balance will invested to buy the units as per below;
RM10550 - RM550
= RM10,000
the purchased units = RM10,000 / RM0.50(NAV) = 20,000 units.
So, scenario 1 is just to show you how to calculate the Service charge per unit for better understand. Always have to use scenario 2 for actual calculation.
UNIT TRUST VALUE OR GAIN/LOST :-
Before I do actual calculation, I want you to understand this basic calculation first from Scenario 2 where the capital is RM10,550.
Assume your Unit Trust investment value (After minus the service charge) is RM10,000 with 20,000 units. And assume that 10% declared as distributions.
investment value = RM10,000
Units = 20,000 units
Unit price = RM0.50
Distributions = 10% = RM0.05 per unit.
RM10,000 x 10% = RM1000.
So the return/distribution is = RM1000
So the Total return or investment value is RM10,000 + RM1000 = RM11,000.
THIS IS A WRONG UNIT TRUST CALCULATION.
To calculate Actual Unit Trust Value or Capital Gain/Loss and Distributions as below:
Before Distribution:
RM10,000 = 20,000 units.
Since 10% = RM0.05 declared as distribution per unit.
The CORRECT calculation as follows;
RM0.05 x 20,000 units.
=RM1000.
Actually the 10% which is RM1000 will be payout from total investment value from RM10,000.
Remaining investment value = RM10,000 – RM1000 = RM9,000
Even though RM1000 given from RM10,000, the total units will remain unchanged which are 20,000 units.
Investment value after the distribution = RM9,000 (RM1.000 already payout)
Available balance Units = 20,000 units
RM9,000 = 20,000 units.
Let say the RM1000 re-invest back with the unit price RM0.50 (Assuming only)
RM1000 / RM0.50 = 2,000 units.
This mean the RM1,000 will convert as 2,000 units.
Now ;
Investment value after re-invest back the distribution = RM9,000 + RM1,000 = RM10,000
Units = 20,000 units + 2,000 units = 22,000 units.
Conclusion:
YOU MUST UNDERSTAND THAT, IN THE RE-INVESTBACK SCENARIO, THE INVESMENT VALUE BEFORE AND AFTER IS SAME OR ALMOST SAME AND THE NUMBER OF UNITS WILL INCREASE.
THIS IS HOW UNIT TRUST WORKS/CALCULATED.
YOU ARE ADVISE TO UNDERSTAND THIS CALCULATION A FEW TIMES BEFORE MOVE TO ACTUAL CALCULATION.
Another Example for Actual calculations From Public Saving Fund:
The profits/loss of Unit Trust Investment determine by the movement of unit price (NAV).
Investor A:
Fund - Public Saving Fund.
Date - 04/01/2010
Capital - RM103,000
NAV or Unit Price = RM0.6453
Service Charge = 3% per unit. (EPF Scheme)
Unit price RM0.6453 x 3% = RM0.019359
So, Service charge per unit = RM0.019359 OR,
SC =Service charge = 3% per unit of NAV.
(A) = Capital = RM103,000
SC = RM103,000 - [RM103,000 / (1+3%],
SC = (RM103,000 ) – [(RM103,000 ) / (1+3%)],
SC = RM103,000 – RM103,000 /(1+ 0.03),
SC = RM103,000 – RM103,000 / 1.03
SC = RM103,000 – RM100,000
Sc = RM3,000.
After minus the Service Charge from the capital, the balance will invested to buy the units as per below;
RM103,000 - RM3,000
= RM100,000
the purchased units = RM100,000 / RM0.6453(NAV) = 154,966.68 units.
Normally the Service Charge will be deducted from capital. The below calculation on Service Charge to show you for better understanding ONLY.
So, don’t miss-understand that you need to pay SERVICE CHARGE separately.
Service Charge = 3% per unit. (EPF Scheme)
Unit price RM0.6453 x 3% = RM0.019359
So, Service charge per unit = RM0.019359
Total Units purchased = 154,966.68 units
Total service charge = 154,966.68 x RM0.019359
= RM2999.9
=RM3000.
Total investment = amount of units purchased + service charge.
Total investment = RM100, 000 + RM3,000
=RM103, 000
Average cost price per unit = total amount invested (including service charge) / total no of units.
RM103,000 / 154,966.68
=RM 0.6647
You will see that the average price is higher than the original buying price which is RM0.6453. This is due to the service charge take into the calculation.
That's why you will see your investment value in negative initialy.
Moving Forward:
As at 30/12/2010;
Unit Price = RM0.7439 (Market Uptrend)
Investment value = Total units x Unit Price (NAV)
= 154,966.68 x RM0.7439
= RM115, 279.71
Total Return/ Capital gain = RM115, 279.71 – RM103, 000
= RM12, 279.71
= (RM12, 279.71 / RM103,000 x 100)
= 11.92%
Distribution;
RM0.09 declared as Distribution for Public Saving Fund (PSF).
Total Distributions = Total units x RM0.09
= 154,966.68 x RM0.09
= RM13, 947.00
= (RM13, 947.00 / RM103, 000 x100)
= 13.5%
RM13, 947.00 will be payout as distributions from RM115,279.71.
If the Distributions Re-Invest Back.
Unit price on 30/12/2010 is RM0.7439
03/01/2011= Next business day price/open price =
RM0.7439 – distribution
= RM0.7439 – RM0.09
=RM0.6539 (Next Business day open price)
Investment value = total unit x closed price.
03/01/2011 = closed price = RM0.6619
154,966.68 x RM0.6619 = RM102,572.44
(Where the 154,966.68 were original purchased units)
If the distributions re-invest back:
The Distribution will be convert back to units with closing price on next business day.
RM13, 947.00 / RM0.6619 (closing price)
= 21,071.16 units
Total units accumulated = 154,966.68 + 21,071.16
=176,037.84 units.
Investment value = 176,037.84 units x RM0.6619 (closing price)
= RM116, 519.44
CAN YOU SEE HERE THAT THE TOTAL INVESTMENT VALUE DETERMINE BY THE UNIT PRICE MOVEMENT?
The new Average cost price per unit:
= total paid amount / total units in investment
= RM103, 000 / 176,037.84 units.
= RM0.585
This mean investor A’s per unit average cost price is RM0.585 and not more RM0.6647 when he bought the unit on 04/01/2010.
This is the method of getting cheaper price by accumulating more units, if the market price goes up, investor can sell back the unit for higher price to make profits. And it will be vise versa to make lost too if the average cost per unit is higher than market price.
So, the average unit price needs to be cheaper than market price to make profits.
THIS IS HOW TO MAKE PROFITS IN UNIT TRUST.
The below calculations were by my own analysis. BASE ON GROSS DISTRIBUTIONS.
This calculation for Public Islamic Equity Fund (PIEF) since launched.
28/05/2003
Financial Year END – 31 May
The services charge will deducted from invested amount, so I will not show how to calculated service charge for this.
Date – 28/05/2003
Unit price – RM0.2347
Amount Invested – RM250, 000
After the Service charge deducted from RM250, 000, 1 MIL units purchased for RM234, 700
Total units purchased =
RM234, 700 / RM0.2347 =
1,000,000 Units.
Average cost price per unit = RM250,000 / 1,000,000 =RM0.2500
FYE 2004;
As at 31/05/2004;
Unit Price = RM0.2824
Total return / Investment value = Total units x Unit Price (NAV)
= 1,000,000 x RM0.2824
= RM282, 400
Total Return/ Capital loss = RM282, 400 – RM250,000
= RM32, 400
= (RM32, 400 / 250,000 x 100)
= 12.96%
Distribution;
RM0.01 declared as Distribution.
Total Distributions = Total units x RM0.01
= 1,000,000 x RM0.01
= RM10, 000
= (RM10, 000 /RM250,000 x 100)
= 4%
RM10, 000 will be payout as distributions/dividends from RM282,400.
If the Distributions Re-Invest Back.
01/06/2004= Next business day open price =
RM0.2824 – distribution
= RM0.2824 – RM0.01
=RM0.2724
Investment value = total unit x closed price.
01/06/2004 = closed price = RM0.2730
= 1,000,000 x RM0.2730 = RM273, 000
If the distribution re-invest back
RM10,000 / RM0.2730(closing price)
= 36,630.03 units
Total units = 1,000,000 + 36,630.03
= 1,036,630 units.
Investment value = 1,036,630 units x RM0.2730 (closing price)
= RM282, 999.99
= RM283, 000.00
Average cost price per unit:
= total paid amount / total units in investment
= RM250,000 / 1,036,630 units.
= RM0.2412
Average cost price per unit cheaper than market price which can make profits if sell back all the units.
So, As at 01/06/2004:
PIEF = Total Value = RM283,000
FYE 2005;
As at 31/05/2005;
Unit Price = RM0.2945
Total return / Investment value = Total units x Unit Price (NAV)
= 1,036,630 x RM0.2945
= RM305, 287.535
Total Return/ Capital loss = RM305, 287.535 – RM250,000
= RM55, 287.535
= (RM55, 287.535 / 250,000 x 100)
=22.12%
Distribution;
RM0.015 declared as Distribution.
Total Distributions = Total units x RM0.015
= 1,036,630 x RM0.015
= RM15, 549.45
= (RM15, 549.45 /RM250,000 x 100)
= 6.22%
RM15, 549.45 will be payout as distributions/dividends from RM305,287.535.
If the Distributions Re-Invest Back.
01/06/2005= Next business day open price =
RM0.2945 – distribution
= RM0.2945 – RM0.015
=RM0.2795
Investment value = total unit x closed price.
01/06/2005 = closed price = RM0.2777
= 1,036,630 x RM0.2777
= RM287, 872.15
If the distribution re-invest back
= RM15, 549.45 / RM0.2777(closing price)
= 55,993.70 units
Total units = 1,036,630 + 55,993.70
= 1,092,623.70 units.
Investment value = 1,092,623.70 units x RM0.2777 (closing price)
= RM303, 421.61
Average cost price per unit: = total paid amount / total units in investment
= RM250,000 / 1,092,623.70 units.
= RM0.2288
Average cost price per unit cheaper than market price (0.2777) which can make profits if sell back all the units.
So, As at 01/06/2005:
PIEF = Total Value = RM303, 421.61
FYE 2006;
As at 31/05/2006;
Unit Price = RM0.3057
Total return / Investment value = Total units x Unit Price (NAV)
= 1,092,623.70 x RM0.3057
= RM334, 015.06
Total Return/ Capital loss = RM334, 015.07– RM250,000
= RM84, 015.07
= (RM84, 015.07/ 250,000 x 100)
=33.61%
Distribution;
RM0.015 declared as Distribution.
Total Distributions = Total units x RM0.015
= 1,092,623.70 x RM0.015
= RM16, 389.36
= (RM16, 389.36 / RM250,000 x 100)
= 6.56%
RM16, 389.36 will be payout as distributions/dividends from RM334,015.07.
If the Distributions Re-Invest Back.
01/06/2006= Next business day open price =
RM0.3057 – distribution
= RM0.3057 – RM0.015
=RM0.2907
Investment value = total unit x closed price.
01/06/2006 = closed price = RM0.2926
= 1,092,623.70 x RM0.2926 = RM319,701.69
If the distribution re-invest back
RM16, 389.36 / RM0.2926(closing price)
= 56,012.85 units
Total units = 1,092,623.70 + 56,012.85
= 1,148,636.55 units.
Investment value = 1,148,636.55 units x RM0.2926 (Closing price)
= RM336,091.06
Average cost price per unit:
= total paid amount / total units in investment
= RM250,000 / 1,148,636.55 units.
= RM0.2176
Average cost price per unit cheaper than market price (0.2926) which can make profits if sell back all the units.
So, As at 01/06/2006:
PIEF = Total Value = RM336, 091.06
Before I move to 2007 Financial Year, I want to show you something interesting here.
Do you aware that the initial investment is RM250, 000?
Do you aware that for both 2004 and 2005, the Distributions are same which is RM0.015?
Than why Distributions amount for 2006 higher than 2005?
2005 = RM15, 549.45 for 1,036,630 units
2006 = RM16, 389.36 for 1,092,623.70 unit
This was because the number of units in 2006 are more than 2005. And the more units in 2006 are by re-invest back distribution of 2005.
THIS IS AGAIN SHOWS THAT THE DISTRIBUTIONS DETERMINE BY HOW MUCH DECLARED PER UNIT AND NUMBER OF UNITS. THE MORE THE UNITS, THE MORE THE DISTRIBUTONS.
FYE 2007;
As at 31/05/2007;
Unit Price = RM0.4227
Total return / Investment value = Total units x Unit Price (NAV)
= 1,148,636.55 x RM0.4227
= RM485, 528.67
Total Return/ Capital loss = RM485, 528.67– RM250,000
= RM235, 528.67
= (RM235, 528.67 / 250,000 x 100)
=94.21%
Distribution;
RM0.0425 declared as Distribution.
Total Distributions = Total units x RM0.0425
= 1,148,636.55 x RM0.0425
= RM48, 817.05
= (RM48, 817.05 / RM250,000 x 100)
= 19.52%
RM48, 817.05 will be payout as distributions from RM485,528.67
If the Distributions Re-Invest Back.
01/06/2007= Next business day open price =
RM0.4227 – distribution
= RM0.4227 – RM0.0425
=RM0.3802
Investment value = total unit x closed price.
01/06/2007 = closed price = RM0.3854
= 1,148,636.55 x RM0.3854
= RM442, 684.53
If the distribution re-invest back
RM48, 817.05 / RM0.3854 (closing price)
= 126,665.93 units
Total units = 1,148,636.55 + 126,665.93
= 1,275,302.48 units.
Investment value = 1,275,302.48 units x RM0.3854 (Closing price)
= RM491, 501.59
Average cost price per unit :
= total paid amount / total units in investment
= RM250,000 / 1,275,302.48 units.
= RM0.1960
Average cost price per unit cheaper than market price (0.3854) which can make profits if sell back all the units.
So, As at 01/06/2007: PIEF = Total Value = RM491, 501.59
Before move to FYE2008, Please see this calculation;
Date: 30/10/2007
Price: RM0.4248
Total units: 1,275,302.48
Investment Value = Total Units X price
= 1,275,302.48 x RM0.4248
= RM541, 748.49
Total returns = RM541, 748.49 – RM250, 000
= RM291, 748.49
Which is RM291, 748.49 / RM250, 000 x 100
= 116.70%
The money already more than double within 5 years in PIEF from 20/05/2003 to 30/10/2007.
So, As at 30/10/2007 :
PIEF = Total Value = RM541, 748.49
Interim Distribution;
As at 30/11/2007;
Unit Price = RM0.4211
Total return / Investment value = Total units x Unit Price (NAV)
= 1,275,302.48 x RM0.4211
= RM537, 029.87
Total Return/ Capital loss = RM537, 029.87 – RM250, 000
= RM287, 029.87
= (RM287, 029.87 / 250,000 x 100)
=114.81%
Distribution;
RM0.05 declared as Distribution.
Total Distributions = Total units x RM0.05
= 1,275,302.48 x RM0.05
= RM63, 765.12
= (RM63, 765.12 / RM250, 000 x 100)
= 25.51%
RM63, 765.12 will be payout as distributions from RM537, 029.87.
If the Distributions Re-Invest Back.
03/12/2007= Next business day open price =
RM0.4211 – distribution
= RM0.4211 – RM0.05
=RM0.3711
Investment value = total unit x closed price.
03/12/2007 = closed price = RM0.3773
= 1,275,302.48 x RM0.3773
= RM481, 171.63
If the distribution re-invest back
RM63, 765.12 / RM0.3773 (closing price)
= 169, 003.76 units
Total units = 1,275,302.48 + 169, 003.76
= 1,444,306.24
Investment value = 1,444,306.24 units x RM0.3773 (Closing price)
= RM544, 936.74
Average cost price per unit :
= total paid amount / total units in investment
= RM250,000 / 1,444,306.24 units.
= RM0.1731
Average cost price per unit cheaper than market price (0.3773) which can make profits if sell back all the units.
So, As at 03/12/2007:
PIEF = Total Value = RM544, 936.74
FYE 2008;
As at 30/05/2008,;
Unit Price = RM0.3468
Total return / Investment value = Total units x Unit Price (NAV)
= 1,444,306.24 x RM0.3468
= RM500, 885.40
Total Return/ Capital loss = RM500, 885.40 – RM250, 000
= RM250, 885.40
= (RM250, 885.40 / 250,000 x 100)
=100.35%
Distribution;
RM0.015 declared as Distribution.
Total Distributions = Total units x RM0.015
= 1,444,306.24 x RM0.015
= RM21, 664.60
= (RM21, 664.60 / RM250, 000 x 100)
= 8.7%
RM21, 664.60 will be payout as distributions from RM500, 885.40.
If the Distributions Re-Invest Back.
02/06/2008= Next business day open price =
RM0.3468 – distribution
= RM0.3468 – RM0.015
=RM0.3318
Investment value = total unit x closed price.
02/06/2008 = closed price = RM0.3279
= 1,444,306.24 x RM0.3279
= RM473, 588.01
If the distribution re-invest back
RM21, 664.60 / RM0.3279 (closing price)
= 66, 070.75 units
Total units = = 1,444,306.24 + 66, 070.75
= 1,510, 376.99 units.
Investment value = 1,510, 376.99 units x RM0.3279 (Closing price)
= RM495, 252.61
Average cost price per unit:
= total paid amount / total units in investment
= RM250,000 / 1,510, 376.99 units.
= RM0.1655
Average cost price per unit cheaper than market price (0.3279) which can make profits if sell back all the units.
So, As at 02/06/2008:
PIEF = Total Value = RM495, 252.61
Before move to FYE2009, Please see this calculation;
Date: 09/12/2008
Price: RM0.2342
Total units: 1,510, 376.99
Investment Value = Total Units X price
= 1,510, 376.99 x RM0.2342
= RM353, 730.29
Total returns = RM353, 730.29 – RM250, 000
= RM103, 730.29
Which is RM103, 730.29 / RM250, 000 x 100
= 41.49%
The Investment value affected very badly during market downtrend.
So, As at 09/12/2008:
PIEF = Total Value = RM353, 730.29
FYE 2009;
As at 29/05/2009;
Unit Price = RM0.2856
Total return / Investment value = Total units x Unit Price (NAV)
= 1,510, 376.99 x RM0.2856
= RM431, 363.67
Total Return/ Capital loss = RM431, 363.67 – RM250,000
= RM181, 363.67
= (RM186, 427.41/ 250,000 x 100)
=72.54%
Distribution;
RM0.0175 declared as Distribution.
Total Distributions = Total units x RM0.0175
= 1,510, 376.99 x RM0.0175
= RM26, 431.60
= (RM26, 431.60 / RM250, 000 x 100)
= 10.57%
RM26, 431.60 will be payout as distributions from RM431, 363.67.
If the Distributions Re-Invest Back.
01/06/2009= Next business day open price =
= RM0.2856 – distribution
= RM0.2856 – RM0.0175
= RM0.2681
Investment value = total unit x closed price.
01/06/2009 = closed price = RM0.2714
= 1,510, 376.99 x RM0.2714
= RM409, 916.32
If the distribution re-invest back
RM26, 431.60 / RM0.2714 (closing price)
= 98,533.09 units
Total units = 1,510, 376.99 + 97,389.83
= 1,607, 766.82 units.
Investment value = 1,607, 766.82 units x RM0.2714 (Closing price)
= RM436, 347.92
Average cost price per unit:
= total paid amount / total units in investment
= RM250,000 / 1,607, 766.82 units.
= RM0.1555
Average cost price per unit cheaper than market price (0.2714) which can make profits if sell back all the units.
So, As at 01/06/2009:
PIEF = Total Value = RM436, 347.92
FYE 2010;
As at 31/05/2010;
Unit Price = RM0.3098
Total return / Investment value = Total units x Unit Price (NAV)
= 1,607, 766.82 x RM0.3098
= RM498, 086.16
Total Return/ Capital loss = RM498, 086.16 – RM250,000
= RM248, 086.16
= (RM253, 933.16/ 250,000 x 100)
= 99.23%
Distribution;
RM0.0175 declared as Distribution.
Total Distributions = Total units x RM0.0175
= 1,607, 766.82 x RM0.0175
= RM28, 135.92.
= (RM28, 135.92 / RM250,000 x 100)
= 11.25%
RM28, 135.92 will be payout as distributions from RM498, 086.16.
If the Distributions Re-Invest Back.
01/06/2010= Next business day open price =
= RM0.3098 – distribution
= RM0.3098 – RM0.0175
= RM0.2923
Investment value = total unit x closed price.
01/06/2010 = closed price = RM0.2918
= 1,607, 766.82 x RM0.2918
= RM469, 146.36
If the distribution re-invest back
RM28, 135.92 / RM0.2918 (closing price)
= 96, 421.93 units
Total units = 1,607, 766.82 + 96, 421.93
= 1,704, 188.75 units.
Investment value = 1,724,194.07 units x RM0.2918 (Closing price)
= RM497, 282.28
Average cost price per unit: = total paid amount / total units in investment
= RM250,000 / 1,704, 188.75 units.
= RM0.1467
Average cost price per unit cheaper than market price (0.2918) which can make profits if sell back all the units.
So, As at 01/06/2010 :
PIEF = Total Value = RM497, 282.28
FYE 2011;
As at 31/05/2011;
Unit Price = RM0.3589
Total return / Investment value = Total units x Unit Price (NAV)
= 1,704, 188.75 x RM0.3589
= RM611, 633.34
Total Return/ Capital loss = RM611, 633.34 – RM250,000
= RM361, 633.34
= (RM361, 633.34 / 250,000 x 100)
= 144.65%
Distribution;
RM0.02 declared as Distribution.
Total Distributions = Total units x RM0.02
= 1,704, 188.75 x RM0.002
= RM34, 083.76.
= (RM34, 083.76. / RM250,000 x 100)
= 13.63%
RM34, 083.76. will be payout as distributions from RM611, 633.34
If the Distributions Re-Invest Back.
01/06/2011= Next business day open price =
= RM0.3589 – distribution
= RM0.3589 – RM0.02
= RM0.3389
Investment value = total unit x closed price.
01/06/2010 = closed price = RM0.3391
= 1,704, 188.75 x RM0.3391
= RM577, 890.41
If the distribution re-invest back
RM34, 083.76 / RM0.3391 (closing price)
= 100, 512.41 units
Total units = 1,704, 188.75 + 100, 512.41
= 1,804, 701.16 units.
Investment value = 1,804, 701.16 units x RM0.3391 (Closing price)
= RM611, 974.16
Average cost price per unit:
= total paid amount / total units in investment
= RM250,000 / 1,804, 701.16 units.
= RM0.1385
Average cost price per unit cheaper than market price (0.3391) which can make profits if sell back all the units.
So, As at 01/06/2011 :
PIEF = Total Value = RM611, 974.16
WILL BE CONTINUE NEXT FYE; Can you see that the Average cost price per unit getting cheaper and cheaper by every year?
You are advice to, not to make decision to invest in Unit Trust base on this calculation. You need to understand about Unit Trust Investment before decide to invest. You must understand that, NOT all the funds will perform at same level and all the funds have Investment Objective and Risk factors respectively.
You must read and understand the PUBLIC MUTUAL MASTER PROSPECTUS.
Click here for disclaimer.
===============================================
SKIM Pengeluaran pelaburan KWSP/EPF.
EPF allows qualified members to make their own investment using part of their EPF savings for potentially higher returns. The risks for such investments are higher and members are to bear these risks.
Find out more about EPF investment-related scheme.... http://www.kwsp.gov.my/index.php?ch=p2life&pg=bm_p2life_invest
KWSP membenarkan ahli yang layak untuk membuat pelaburan mereka sendiri menggunakan sebahagian daripada simpanan KWSP mereka untuk pulangan yang lebih tinggi. Risiko untuk pelaburan seumpama ini adalah lebih tinggi dan ahli mestilah menanggung risiko ini. Ketahui lebih banyak berkaitan skim pelaburan KWSP...... sila ke http://www.kwsp.gov.my/index.phpch=p2life&pg=bm_p2life_invest&lang=bm
PLs go to http://www.pk31-epf.blogspot.com/ for more info abt epf scheme.
EPF Scheme at - http://www.publicmutual.com.my/InvestmentPlanning/EPFInvestmentScheme.aspx
EPF Statistics at - http://www.kwsp.gov.my/index.php?hdl=bin&rp=1024
Public Mutual fund performance chart at - http://www.publicmutual.com.my/OurFunds/FundPerformanceChart.aspx
Public Mutual Fund Review at - http://www.publicmutual.com.my/OurProducts/MonthlyQuarterlyFundReview.aspx
Public Mutual Master Prospectus - http://www.publicmutual.com.my/OurProducts/FundProspectus.aspx
Possible Risks at http://grow-money77.blogspot.com/p/possible-risk.html
FAQ - http://grow-money77.blogspot.com/p/faq.html
Tips - http://pk31-tips.blogspot.com/
How to Invest - http://grow-money77.blogspot.com/p/how-to-invest.html
IF ANYBODY INTERESTED TO INVEST, U MAY DROP ME EMAIL OR VISIT MY BLOG AT http://www.pk31-epf.blogspot.com/
From,
Parameswaran.K @ RREMY
Public mutual Berhad.
WHOLLY-OWNED SUBSIDIARY OF PUBLIC BANK
kparam77@yahoo.com
017-8735029
http://www.publicmutual.com.my/
http://www.grow-money77.blogspot.com/
http://www.cara-menguruskan-wang.blogspot.com/
For Your Informations;
Public Mutual fund managers will seek to maximise your returns.
Public Mutual Funds aims to provide you with the opportunity to outperform the Benchmarks.
Public Mutual Fund hopes to provide you with a reasonable hedge against inflation.
Public Mutual Fund seeks to present you with the opportunity to earn attractive returns at an acceptable level of risk.
Pls be informed that this Unit Trust investment is not a Guaranteed / Risk-Free at any specific time period.
Pls go to POSSIBLE RISKS SECTION in http://grow-money77.blogspot.com/p/possible-risk.html for more info’s on Unit Trust risks.
However, this Unit Trust Investment might be considered LOW RISK compared to direct investment in STOCK MARKET.
This Unit Trust Investment is capable to give better returns compare with Fixed Deposits and EPF in long term, with taken risk.
YOU MUST UNDERSTAND THAT:
*The total return is the overall return of the fund over the period.
*The annualized return is the compounded annual rate of return of the fund over the specified period.
* The distribution yields of funds are computed by dividing gross distribution for the financial year/period over the Ex-NAV per unit and it not directly comparable with EPF rate and FIXED DEPOSIT rate. The distribution yields for the financial year/period prior to 1 July 2007 was computed by dividing gross distribution for the financial year/period over average selling price. These distribution yields have been adjusted by dividing gross distribution over the Ex-NAV per unit for purpose of comparability in presentation.
* The asset allocation presented have verified by the Trustees.
* THe stocks invested by the fund are classified according to various criteria which include the country classification assigned by international index providers and the company's main business interests in term of geographical segmentation.
*You are advised to read and understand the contents of the prospectus before investing and you should consider the fees and charges involved;
*The price of units and distributions payable, if any, may go down as well as up;
*Where past performance is quoted, the past performance of a fund should not be taken as indicative of its future performance;
*Where unit trust loan financing is available, You are advised to read and understand the contents of the unit trust loan financing risk disclosure statement before deciding to borrow to purchase units;
*Where a unit split/distribution is declared, You are advised that following the issue of additional units/distribution, the NAV per unit will be reduced from pre-unit split NAV/cum-distribution NAV to post-unit split NAV/ex-distribution NAV; and
*Where a unit split is declared, You should aware of the fact that the value of your unit trust investment investment in Malaysian ringgit will remain unchanged after the distribution of the additional units.
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