SUMMARY
AIBL1STIMF is a closed end mutual fund with a tenor of twenty years. Since inception the fund achieved 63.70% cumulative return and disbursed BDT 637.50 million as cash dividend. As of November 07, 2024, Net asset value of AIBL1STIMF is BDT 922.00 million (USD 7.69 million) at current market price.
Sponsor/History
Al-Arafah Islami Bank LIMITED (AIBL)
Trustee
Bangladesh General Insurance Company Limited (BGIC)
Custodian
Standard Chartered Bank (SCB)
Assets under Management
BDT 0.91 billion (at Market Value)*
Assets under Management
BDT 0.93 billion (at Market Value)*
Inception Date
January 6, 2011
Number of Holdings
16
*Figure as of November 07, 2024.
PERFORMANCE
Fund Performance
| Index | 1-Month | 3-Month | 6-Month | YTD | 1-Year | 3-Year | 5-Year | Since Inception | Alpha against Benchmark |
|---|---|---|---|---|---|---|---|---|---|
| AIBL1STIMF | -1.70% | -5.70% | 4.50% | -8.50% | -7.90% | -3.10% | 3.00% | 3.70% | -4.30% |
| Benchmark | -1.90% | -10.00% | -3.70% | -14.90% | -15.20% | -8.40% | 2.40% | -2.70% | |
| *All figures as of November 07 2024 | |||||||||
*All returns which represent more than one year returns are annualized.
12-MONTH DIVIDEND YIELD
Dividend Yield:
12-month dividend yield was 0.77% as of November 07, 2024.
Dividend Frequency:
Annual
PORTFOLIO
Portfolio Holdings
| SL | Equity | Value as of 31 Oct, 2023 (BDT) |
|---|---|---|
| 1 | GP | 84,372,461 |
| 2 | RENATA | 75,351,473 |
| 3 | BATASHOE | 69,152,142 |
| 4 | BXPHARMA | 44,427,256 |
| 5 | SQURPHARMA | 41,552,954 |
| 6 | UPGDCL | 32,160,859 |
| 7 | SINGERBD | 31,475,047 |
| 8 | AGNISYSL | 19,366,027 |
| 9 | ACMELAB | 18,234,795 |
| 10 | SQUARETEXT | 16,112,790 |
| * 43.06% of total assets are invested in our top 10 equities. | ||
Portfolio Allocation
DIVIDEND GAINS
Latest Dividends Paid
| 2014 | 2016 | 2017 | 2018 | 2019 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|
| AIBL1STIMF (BDT) | 0.55 | 1.3 | 0.7 | 0.8 | 0.8 | 1.225 | 1 | 0.06 |
| *Since inception the fund has disbursed BDT 6.435 per unit as dividend. | ||||||||
PSI Regarding Dividend
Trading Code: AIBL1STIMF
News: The Trustee Board of the Fund, based on the Net income for the year ended March 31, 2017 and previous retained earnings the Trustee Board has declared 7% cash dividend. Record Date: 31.05.2017. The fund has also reported EPU of Tk. 0.50, NAV per unit at cost price of Tk. 10.72, NAV per unit at market price of Tk. 11.38 and NOCFPU of Tk. 0.76 for the year ended on March 31, 2017 as against Tk. 1.71, Tk. 11.61, Tk. 11.52 and Tk. 0.41 respectively for the same period of the previous year.
Post Date: 2017-05-09
Trading Code: AIBL1STIMF
News: The Asset Manager of the Fund has informed that cash dividends for the year ended on March 31, 2016 has been disbursed to the respective unit holders' bank accounts through Bangladesh Electronic Fund Transfer Network (BEFTN) system. Manual Distribution of dividend Cheque to the general shareholders has been started from Investors ' Relation Office of the Asset Manager of the Fund.
Post Date: 2016-07-10
Trading Code: AIBL1STIMF
News: The Trustee Board of the Fund, after adjustment of the previous cumulative loss, has declared 13% cash dividend for the year ended on March 31, 2016. Record Date: 05.06.2016. The fund has also reported EPU of Tk. 1.71, NAV per unit at cost price of Tk. 11.61, NAV per unit at market price of Tk. 11.52 and NOCFPU of Tk. 0.41 for the year ended on March 31, 2016 as against Tk. (0.32), Tk. 10.81, Tk. 9.81 and Tk. (0.31) (Restated) respectively for the same period of the previous year.
Post Date: 2016-05-15
Trading Code: AIBL1STIMF
News: The Trustee Board of the Fund has declared 8% cash dividend based on the Net income for the year ended March 31, 2018. Record Date: 04.06.2018. The fund has also reported EPU of Tk. 0.82, NAV per unit at cost price of Tk. 10.85, NAV per unit at market price of Tk. 11.90 and NOCFPU of Tk. 2.45 for the year ended on March 31, 2018 as against Tk. 0.50, Tk. 10.72, Tk. 11.38 and Tk. 0.76 respectively for the same period of the previous year.
Post Date: 2018-05-14
Trading Code: AIBL1STIMF
News: The Trustee Board of the Fund has declared 8% cash dividend based on the Net income for the year ended March 31, 2019. Record Date: 09.06.2019. The fund has also reported EPU of Tk. 0.79, NAV per unit at cost price of Tk. 10.83, NAV per unit at market price of Tk. 11.35 and NOCFPU of Tk. (0.16) for the year ended on March 31, 2019 as against Tk. 0.82, Tk. 10.85, Tk. 11.90 and Tk. 2.45 respectively for the same period of the previous year.
Post Date: 2019-05-12
Trading Code: AIBL1STIMF
News: The Trustee Board of the Fund has declared No dividend based on the Net Loss for the year ended March 31, 2020. The fund has also reported EPU of Tk. (0.62), NAV per unit at cost price of Tk. 10.11, NAV per unit at market price of Tk. 9.41 and NOCFPU of Tk. 1.30 for the year ended on March 31, 2020 as against Tk. 0.79, Tk. 10.83, Tk. 11.35 and Tk. (0.16) respectively for the same period of the previous year.
Post Date: 2021-01-26
Trading Code: AIBL1STIMF
News: The Trustee Board of the Fund has declared 12.25% cash dividend based on Net Income and Retained Earnings for the year ended on March 31, 2021. Record date: 31.05.2021. The Fund has also reported EPU of Tk. 1.83, NAV per unit of Tk. 11.24 at cost price basis, NAV per unit of Tk. 11.57 at Market price basis and NOCFPU of Tk. 0.42 for the year ended on March 31, 2021 as against Tk. (0.62), Tk. 10.11, Tk. 9.41 and Tk. 1.30 respectively for the same period of the previous year.
Post Date: 2021-05-05
Trading Code: AIBL1STIMF
News: The Trustee Board of the Fund has declared 10.00% cash dividend based on Net Income and Retained Earnings for the year ended on March 31, 2022. Record date: 05.06.2022. The Fund has also reported EPU of Tk. 1.00, NAV per unit of Tk. 11.01 at cost price basis, NAV per unit of Tk. 11.23 at Market price basis and NOCFPU of Tk. 0.22 for the year ended on March 31, 2022 as against Tk. 1.83, Tk. 11.24, Tk. 11.57 and Tk. 0.42 respectively for the same period of the previous year.
Post Date: 2022-05-12
Trading Code: AIBL1STIMF
The Trustee Board of the Fund has declared 0.06% cash dividend based on Net Income and Retained Earnings for the year ended on March 31, 2023. Record date: 05.06.2023. The Fund has also reported EPU of Tk. 0.05, NAV per unit of Tk. 10.27 at cost price basis, NAV per unit of Tk. 10.06 at Market price basis and NOCFPU of Tk. (0.96) for the year ended on March 31, 2023 as against Tk. 1.00, Tk. 11.01, Tk. 11.23 and Tk. 0.22 respectively for the same period of the previous year.
Post Date: 2023-05-16
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:
| Details | Fee |
|---|---|
| On weekly average NAV up to BDT 50 million | 2.5% |
| On next BDT 200 million of weekly average NAV | 2.0% |
| On next BDT 250 million of weekly average NAV | 1.5% |
| 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:
| Range | Rates |
|---|---|
| Up to BDT 1000 million of Paid up Capital | 0.05% of NAV |
| Above BDT 1000 million of Paid up Capital | 0.02% 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).
