SUMMARY
DBH1STMF is a closed end mutual fund with a tenor of twenty years. Since inception the fund achieved 92.88% cumulative return and disbursed BDT 895.2 million as cash dividend. As of November 30, 2023, Net asset value of DBH1STMF is BDT 1,191.60 million (USD 11.19 million) at current market price.
Sponsor/History
Delta Brac Housing Finance Corporation Limited
Trustee
Bangladesh General Insurance Company Limited (BGIC)
Custodian
Standard Chartered Bank (SCB)
Assets under Management
BDT 1.19 billion (at Market Value)*
Inception Date
4 February, 2010
Number of Holdings
18
*Figure as of November 30, 2023.
PERFORMANCE
Fund Performance
| Index | 1-Month | 3-Month | 6-Month | YTD | 1-Year | 3-Year | 5-Year | Since Inception | Alpha against Benchmark |
|---|---|---|---|---|---|---|---|---|---|
| DBH1STMF | 0.20% | -0.40% | -0.60% | -0.50% | 0.50% | 4.30% | 3.80% | 4.90% | -2.20% |
| Benchmark | -0.70% | -1.30% | -0.90% | 0.30% | -0.40% | 7.70% | 3.20% | 1.10% | |
| *All figures as of November 30, 2023 | |||||||||
*All returns which represent more than one year returns are annualized.
12-MONTH DIVIDEND YIELD
Dividend Yield:
12-month dividend yield was 4.35% as of November 30, 2023.
Dividend Frequency:
Annual
PORTFOLIO
Portfolio Holdings
| SL | Equity | Value as of 31 Oct, 2023 (BDT) |
|---|---|---|
| 1 | RENATA | 93,837,977 |
| 2 | GP | 87,034,975 |
| 3 | BATBC | 83,804,803 |
| 4 | BATASHOE | 65,020,643 |
| 5 | SQURPHARMA | 36,021,093 |
| 6 | IPDC | 34,690,867 |
| 7 | UPGDCL | 34,335,204 |
| 8 | SINGERBD | 27,577,901 |
| 9 | BXPHARMA | 26,388,369 |
| 10 | ACMELAB | 20,806,385 |
| * 42.6% of total assets are invested in our top 10 equities. | ||
Portfolio Allocation
DIVIDEND GAINS
Latest Dividends Paid
| 2010 | 2011 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DBH1STMF (BDT) | 0.7 | 1.7 | 0.06 | 0.4 | 0.5 | 0.5 | 0.9 | 0.8 | 1.2 | 0.7 | 0.3 |
| *Since inception the fund has disbursed BDT 7.76 per unit as dividend. | |||||||||||
PSI Regarding Dividend
DBH1STMF
The Asset Manager of the Fund has informed that it has disbursed Cash Dividend for the year ended on June 30, 2017 to the respective unit holders' Bank Accounts through BEFTN system.
Post Date: 2017-09-25
DBH1STMF
The Trustee Committee of the fund has approved 5% cash dividend for the year ended on June 30, 2016. Record date: 01.09.2016. The Fund has reported EPU of Tk. 0.56, NAV per unit at market price of Tk. 10.60, NAV per unit at cost of Tk. 10.83 and NOCFPU of Tk. (0.31) for the year ended on June 30, 2016 as against Tk. 0.45, Tk. 10.45, Tk. 11.05 and Tk. 0.56 respectively for the same period of the previous year.
Post Date: 2016-08-10
DBH1STMF
LR GLOBAL, Asset Manager of the Fund has informed that it has disbursed Cash Dividend for the year ended on June 30, 2015 to the respective unit holders' Bank Accounts through BEFTN System.
Post Date: 2015-10-01
DBH1STMF
The Trustee Committee of the Fund has approved the audited accounts of the fund for the year ended 30th June 2015. The Fund has reported net profit of Tk. 53,509,649.00 with earnings per unit of Tk. 0.45. Trustee Board declared 4% Cash Dividend. Record date: 06.09.2015.
Post Date: 2015-08-16
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DBH1STMF |
|
The Trustee Committee of the fund has declared 9.00% cash dividend for the year ended on June 30, 2018. Record date: 03.09.2018. The Fund has reported EPU of Tk. 0.97, NAV per unit at market price of Tk. 11.96, NAV per unit at cost of Tk. 11.00 and NOCFPU of Tk. 2.50 for the year ended on June 30, 2018 as against Tk. 0.43, Tk. 11.50, Tk. 10.53 and Tk. 0.25 respectively for the same period of the previous year. |
|
2018-08-06 |
DBH1STMF
The Trustee Committee of the fund has declared 8.00% cash dividend for the year ended on June 30, 2019. Record date: 28.08.2019. The Fund has reported EPU of Tk. 0.86, NAV per unit at market price of Tk. 11.27, NAV per unit at cost of Tk. 10.96 and NOCFPU of Tk. (0.07) for the year ended on June 30, 2019 as against Tk. 0.97, Tk. 11.96, Tk. 11.00 and Tk. 2.50 respectively for the same period of the previous year.
Post Date: 2019-07-31
DBH1STMF
The Trustee Board of the Fund has declared No dividend based on the Net Loss for the year ended June 30, 2020. The Fund has reported EPU of Tk. (1.08), NAV per unit at market price of Tk. 9.08, NAV per unit at cost of Tk. 10.02 and NOCFPU of Tk. 1.48 for the year ended on June 30, 2020 as against Tk. 0.86, Tk. 11.27, Tk. 10.96 and Tk. (0.07) respectively for the same period of the previous year.
Post Date: 2021-06-29
DBH1STMF
The Trustee Board of the Fund has declared 12.00% cash dividend based on Net Income and Retained Earnings for the year ended on June 30, 2021. Record date: 01.09.2021. The Fund has also reported EPU of Tk. 2.13, NAV per unit of Tk. 11.21 at cost price basis, NAV per unit of Tk. 11.79 at Market price basis and NOCFPU of Tk. 0.26 for the year ended on June 30, 2021 as against Tk. (1.08), Tk. 10.02, Tk. 9.08 and Tk. 1.48 respectively for the same period of the previous year.
Post Date: 2021-08-05
DBH1STMF
The Trustee Board of the Fund has declared 7.00% cash dividend based on Net Income and Retained Earnings for the year ended on June 30, 2022. Record date: 05.09.2022. The Fund has also reported EPU of Tk. 0.72, NAV per unit of Tk. 10.73 at cost price basis, NAV per unit of Tk. 11.01 at Market price basis and NOCFPU of Tk. (0.38) for the year ended on June 30, 2022 as against Tk. 2.13, Tk. 11.21, Tk. 11.79 and Tk. 0.26 respectively for the same period of the previous year.
Post Date: 2022-08-11
DBH1STMF
The Trustee Board of the Fund has declared 3.00% cash dividend based on Net Income and Retained Earnings for the year ended on June 30, 2023. Record date: 05.09.2023. The Fund has also reported EPU of Tk. 0.29, NAV per unit of Tk. 10.36 at cost price basis, NAV per unit of Tk. 10.32 at Market price basis and NOCFPU of Tk. 0.19 for the year ended on June 30, 2023 as against Tk. 0.72, Tk. 10.73, Tk. 11.01 and Tk. (0.38) respectively for the same period of the previous year.
Post Date: 2023-08-14
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% |
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).
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.
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).
