SUMMARY
GREENDELMF is a closed end mutual fund with a tenor of twenty years. Since inception the fund achieved 26.6% cumulative return and disbursed BDT 472.5 million as cash dividend. As of October 17, 2019, Net asset value of GREENDELMF is BDT 1,467.0 million (USD 18.81 million) at current market price.
Sponsor/History
Green Delta Insurance Company Ltd.
Trustee
Bangladesh General Insurance Company Limited (BGIC)
Custodian
Standard Chartered Bank (SCB)
Assets under Management
BDT 1.47 billion (at Market Value)*
Inception Date
September 23, 2010
Number of Holdings
18
*Figure as of October 17, 2019.
PERFORMANCE
Fund Performance
| Index | 1-Month | 3-Month | 6-Month | YTD | 1-Year | 3-Year | 5-Year | Since Inception | Alpha against Benchmark |
|---|---|---|---|---|---|---|---|---|---|
| GREENDELMF | -0.90% | -3.10% | -4.80% | -3.10% | -1.80% | 4.70% | 6.00% | 2.70% | 2.60% |
| Benchmark | -1.80% | -7.00% | -10.30% | -11.40% | -11.90% | 0.40% | -0.40% | -3.70% | |
| *All figures as of October 17, 2019 | |||||||||
*All returns which represent more than one year returns are annualized.
12-MONTH DIVIDEND YIELD
Dividend Yield:
12-month dividend yield was 10.13% as of October 17, 2019.
Dividend Frequency:
Annual
PORTFOLIO
Portfolio Holdings
| SL | Equity | Value as of 30 Jun, 2019 (BDT) |
|---|---|---|
| 1 | SQURPHARMA | 167,764,161 |
| 2 | CITYBANK | 155,106,152 |
| 3 | RENATA | 135,263,408 |
| 4 | BATASHOE | 116,177,305 |
| 5 | GP | 107,296,928 |
| 6 | BXPHARMA | 73,263,652 |
| 7 | BATBC | 47,913,598 |
| 8 | BRACBANK | 34,406,967 |
| 9 | SINGERBD | 21,107,100 |
| 10 | LHBL | 12,425,902 |
| * 51.8% of total assets are invested in our top 10 equities. |
Portfolio Allocation
DIVIDEND GAINS
Latest Dividends Paid
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| GREENDELMF (BDT) | 0.45 | 0.5 | 0.5 | 0.9 | 0.8 |
| *Since inception the fund has disbursed BDT 3.15 per unit as dividend. | |||||
PSI Regarding Dividend
Trading Code: GREENDELMF
News: 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
Trading Code: GREENDELMF
News: The Asset Manager of the Fund has informed that it has disbursed Cash Dividend for the year ended on June 30, 2016 to the respective unit holders' Bank Accounts through BEFTN System on September 22, 2016.
Post Date: 2016-10-04
Trading Code: GREENDELMF
News: 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. 0.61, NAV per unit at market price of Tk. 10.66, NAV per unit at cost of Tk. 10.63 and NOCFPU of Tk. 0.08 for the year ended on June 30, 2016 as against Tk. 0.49, Tk. 10.47, Tk. 10.63 and Tk. (0.12) respectively for the same period of the previous year.
Post Date: 2016-08-10
Trading Code: GREENDELMF
News: 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
Trading Code: GREENDELMF
News: 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. 73,163,135.00 with earnings per unit of Tk. 0.49. Trustee Board declared 4.50% Cash Dividend. Record date: 06.09.2015.
Post Date: 2015-08-16
Trading Code: GREENDELMF
News: The Trustee Committee of the fund has approved 5% cash dividend for the year ended on June 30, 2017. Record date: 31.08.2017. The Fund has reported EPU of Tk. 0.43, NAV per unit at market price of Tk. 11.54, NAV per unit at cost of Tk. 10.55 and NOCFPU of Tk. (0.002) for the year ended on June 30, 2017 as against Tk. 0.61, Tk. 10.66, Tk. 10.63 and Tk. 0.078 respectively for the same period of the previous year.
Post Date: 2017-08-09
|
Trading Code: GREENDELMF |
|
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. 0.95, NAV per unit at market price of Tk. 12.00, NAV per unit at cost of Tk. 11.01 and NOCFPU of Tk. 1.7836 for the year ended on June 30, 2018 as against Tk. 0.43, Tk. 11.54, Tk. 10.55 and Tk. (0.002) respectively for the same period of the previous year. |
|
Post Date: 2018-08-06 |
Trading Code: GREENDELMF
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. 0.76, NAV per unit at market price of Tk. 11.22, NAV per unit at cost of Tk. 10.86 and NOCFPU of Tk. 0.14 for the year ended on June 30, 2019 as against Tk. 0.95, Tk. 12.00, Tk. 11.01 and Tk. 1.78 respectively for the same period of the previous year.
Post Date: 2019-07-31
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).
