SUMMARY

NCCBLMF1 is a closed end mutual fund with a tenor of ten years. Since inception the fund achieved 57.38% cumulative return and disbursed BDT 211.58 million as cash dividend. As of September 14, 2017, Net asset value of NCCBLMF1 is BDT 1,309 million (USD 16.78 million) as of market price basis.

Sponsor/History


National Credit and Commercial Bank Ltd. (NCCBL)

Trustee


Bangladesh General Insurance Company Limited (BGIC)

Custodian


Standard Chartered Bank (SCB)

Assets under Management


BDT 1.31 billion (at Market Value)*

Inception Date


May 24, 2012

Number of Holdings


23

*Figure as of September 14, 2017.

PERFORMANCE

Fund Performance


Index1-Month3-Month6-MonthYTD1-Year3-Year5-YearSince InceptionAlpha against Benchmark
NCCBLMF14.40%8.50%9.70%16.70%21.40%10.80%8.80%8.90%4.00%
Benchmark5.80%10.80%8.50%23.20%34.80%10.70%9.00%5.60%
*All figures as of September 14, 2017

*All returns which represent more than one year returns are annualized.

12-MONTH DIVIDEND YIELD


Dividend Yield:
12-month dividend yield was 5.17% as of September 14, 2017

Dividend Frequency:
Annual

Performance Since Inception 


PORTFOLIO

Portfolio Holdings


SLEquityValue as of 29th Jun, 2017 (BDT)
1SQURPHARMA133,600,622
2GP124,970,706
3CITYBANK83,626,400
4BATBC66,349,914
5RENATA60,264,082
6BATASHOE55,305,863
7HEIDELBCEM53,880,000
8EBL37,570,785
9BXPHARMA37,562,217
10LAFSURCEML28,305,000
* 56% of total assets are invested in our top 10 equities

Portfolio Allocation


DIVIDEND GAINS

Latest Dividends Paid


 20122013201420152016
NCCBLMF1 (BDT)10% re-investment unit10.30.650.45
*Since inception the fund has disbursed BDT 2.4 per unit as dividend.

PSI Regarding Dividend


FEES & EXPENSES

Fee Schedule

The standard management fee schedule:

Management Fee: The asset management company of the Fund has to pay an annual management fee on weekly average net asset value (NAV) as per Rule 65 of Bangladesh Securities and Exchange Commission (Mutual Fund) Rules, 2001 and as per Trust Deed at the following rates:

DetailsFee
On weekly average NAV up to BDT 50 million2.5%
On next BDT 200 million of weekly average NAV2.0%
On next BDT 250 million of weekly average NAV1.5%
On rest of weekly average NAV 0.9%

Trustee Fee: The trustee of the fund is entitled to get an annual trusteeship fee @ 0.10% of the net asset value per annum, payable semi-annually in advance basis during the entire life of the Fund as per Trust Deed.Brokerage Commission: The funds pay brokerage commission to the panel broker as per their confirmed rate after the trade execution. Currently brokerage commission rate is @ 0.25% on trade value for all types of trade (i.e. Public, Block & Spot).  

BSEC Fee: The Fund has to pay @ 0.10% of the NAV per annum as annual fees to BSEC in terms of BSEC (Mutual Fund) Rules, 2001.

Custody Fee: The custodian of the fund is entitled to receive a safekeeping fee @ 0.05% on the balance of securities calculated on average month end value per annum, and trade settlement fees of BDT 500 per trade as per Trust Deed.

CDBL Fee: CDBL charges are paid to Central Depository Bangladesh Limited (CDBL) as per Annexure A-1 of CDBL Bylaws (3.7).

DSE & CSE Fee: The Fund has to pay to Dhaka Stock Exchange (DSE) & Chittagong Stock Exchange (CSE) annual fee as per Rules 42 (3) of listing regulations 2015 at the following rates:

RangeRates
Up to BDT 1000 million of Paid up Capital0.05% of NAV
Above BDT 1000 million of Paid up Capital0.02% of NAV

Audit Fee: The Fund has to pay annual Audit Fee to the auditor as mentioned in the Auditors’ appointment letter issued by The Trustee (BGIC).

DISCLOSURES

Prospectus Documents
Financial Statements
Portfolio Statements