SUMMARY
LRGLOBMF1 is a closed end mutual fund with a tenor of twenty years. Since inception the fund achieved 69.29% cumulative return and disbursed BDT 1,906.7 million as cash dividend. As of September 12, 2024, Net asset value of LRGLOBMF1 is BDT 2,840.16 million (USD 23.67 million) at current market price.
Sponsor/History
AB Bank Ltd.
The City Bank Ltd.
Green Delta Insurance Company Ltd.
IDLC Finance Ltd.
International Leasing and Financial Services Ltd.
Popular Life Insurance Company Ltd.
Trust Bank Ltd.
Trustee
Bangladesh General Insurance Company Limited (BGIC)
Custodian
Standard Chartered Bank (SCB)
Assets under Management
BDT 2.84 billion (at Market Value)*
Inception Date
September 15, 2011
Number of Holdings
20
*Figure as of September 12, 2024.
PERFORMANCE
Fund Performance
| Index | 1-Month | 3-Month | 6-Month | YTD | 1-Year | 3-Year | 5-Year | Since Inception | Alpha against Benchmark |
|---|---|---|---|---|---|---|---|---|---|
| LRGLOBMF1 | -3.70% | 9.30% | 2.10% | -10.60% | -10.50% | -6.00% | 2.30% | 4.20% | -4.20% |
| Benchmark | -3.00% | 9.20% | -0.90% | -8.30% | -9.10% | -7.50% | 3.40% | -0.20% | |
| *All figures as of September 12 2024 | |||||||||
*All returns which represent more than one year returns are annualized.
12-MONTH DIVIDEND YIELD
Dividend Yield:
12-month dividend yield was 7.32% as of September 12, 2024.
Dividend Frequency:
Annual
PORTFOLIO
Portfolio Holdings
| SL | Equity | Value as of 31 Oct, 2023 (BDT) |
|---|---|---|
| 1 | GP | 269,328,338 |
| 2 | RENATA | 249,829,045 |
| 3 | BATBC | 239,969,812 |
| 4 | BATASHOE | 219,234,658 |
| 5 | IPDC | 130,920,422 |
| 6 | BXPHARMA | 119,618,939 |
| 7 | SQURPHARMA | 116,557,714 |
| 8 | UPGDCL | 102,995,096 |
| 9 | SINGERBD | 100,467,723 |
| 10 | SQUARETEXT | 74,885,243 |
| *49.81% of total assets are invested in our top 10 equities. | ||
Portfolio Allocation
DIVIDEND GAINS
Latest Dividends Paid
| 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LRGLOBMF1 (BDT) | 0.3 | 0.4 (RIU) | 0.5 | 1.0 | 0.5 | 0.78 | 0.55 | 0.4 | 1.51 | 0.6 | 0.3 |
| *Since inception the fund has disbursed BDT 6.57 per unit as cash dividend. | |||||||||||
PSI Regarding Dividend
Trading Code: LRGLOBMF1
News: The Trustee Committee of the Fund has declared 5.5% cash dividend based on Net Income for the year ended on September 30, 2018. Record date: 02.12.2018. The Trustee of the Fund has also reported EPU of Tk. 0.55, NAV per unit of Tk. 11.09 on the basis of market price, NAV per unit of Tk. 10.59 on the basis of cost price and NOCFPU of Tk. 0.57 for the year ended on September 30, 2018 as against Tk. 0.78, Tk. 11.98, Tk. 10.82 and Tk. 1.69 respectively for the same period of the previous year.
Post Date: 2018-11-08
Trading Code: LRGLOBMF1
News: The Trustee Committee of the Fund has declared 7.80% cash dividend based on Net Income for the year ended on September 30, 2017. Record date: 03.12.2017. The Trustee of the Fund has also reported EPU of Tk. 0.78, NAV per unit of Tk. 11.98 on the basis of market price, NAV per unit of Tk. 10.82 on the basis of cost price and NOCFPU of Tk. 1.69 for the year ended on September 30, 2017 as against Tk. 0.26, Tk. 10.56, Tk. 10.54 and Tk. (0.28) respectively for the same period of the previous year.
Post Date: 2017-11-12
Trading Code: LRGLOBMF1
News: The Fund has informed that cash dividends for the year ended on September 30, 2016 has been disbursed to the respective unit holders bank accounts through Bangladesh Electronic Fund Transfer Network (BEFTN) system on December 22, 2016. 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: 2017-01-03
Trading Code: LRGLOBMF1
News: The Trustee of the Fund has declared 5% cash dividend for the year ended on September 30, 2016 based on the Net Income for the current year and considering previous Retained Earnings and Dividend Equalization Reserve. Record date: 05.12.2016. The Trustee of the Fund has reported Net Income of Tk. 79.81 million for the year ended on September 30, 2016.(cont.)
Post Date: 2016-11-14
Trading Code: LRGLOBMF1
News: The Fund has informed that cash dividends for the year ended on September 30, 2015 has been disbursed to the respective unit holders bank accounts through Bangladesh Electronic Fund Transfer Network (BEFTN) system. Physical Distribution of dividend cheque to the general shareholders has been started from investors Relation Office of the Asset Manager of the Fund.
Post Date: 2016-01-17
Trading Code: LRGLOBMF1
News: The Trustee Committee of the Fund has declared 4% cash dividend based on Net Income for the year ended on September 30, 2019. Record date: 02.12.2019. The Trustee of the Fund has also reported EPU of Tk. 0.42, NAV per unit of Tk. 10.59 on the basis of market price, NAV per unit of Tk. 10.47 on the basis of cost price and NOCFPU of Tk. 0.75 for the year ended on September 30, 2019 as against Tk. 0.55, Tk. 11.09, Tk. 10.59 and Tk. 0.57 respectively for the same period of the previous year.
Post Date: 2019-11-11
Trading Code: LRGLOBMF1
News: The Trustee Board of the Fund has declared No dividend based on the Net Loss for the year ended on September 30, 2020. The Trustee of the Fund has also reported EPU of Tk. (0.2636), NAV per unit of Tk. 10.60 on the basis of market price, NAV per unit of Tk. 9.80 on the basis of cost price and NOCFPU of Tk. 0.58 for the year ended on September 30, 2020 as against Tk. 0.4247, Tk. 10.59, Tk. 10.47 and Tk. 0.75 respectively for the same period of the previous year.
Post Date: 2021-02-16
Trading Code: LRGLOBMF1
News: The Trustee Committee of the fund has approved 15.10% cash dividend based on the Net Income and Retained Earnings for the year ended on September 30, 2021. Record date: 23.11.2021. The Trustee of the Fund has also reported EPU of Tk. 1.7391, NAV per unit of Tk. 13.47 on the basis of market price, NAV per unit of Tk. 11.54 on the basis of cost price and NOCFPU of Tk. 0.69 for the year ended on September 30, 2021 as against Tk. (0.2636), Tk. 10.60, Tk. 9.80 and Tk. 0.58 respectively for the same period of the previous year.
Post Date: 2021-11-02
Trading Code: LRGLOBMF1
News: The Trustee Board of the Fund has declared 6.00% cash dividend based on Net Income and Retained Earnings for the year ended on September 30, 2022. Record date: 04.12.2022. The Fund has also reported EPU of Tk. 0.6273, NAV per unit of Tk. 10.66 at cost price basis, NAV per unit of Tk. 10.98 at Market price basis and NOCFPU of Tk. (0.73) for the year ended on September 30, 2022 as against Tk. 1.7391, Tk. 11.54, Tk. 13.47 and Tk. 0.69 respectively for the same period of the previous year.
Post Date: 2022-11-14
Trading Code: LRGLOBMF1
News: The Trustee Board of the Fund has declared 3.00% cash dividend based on Net Income and Retained Earnings for the year ended on September 30, 2023. Record date: 05.12.2023. The Fund has also reported EPU of Tk. 0.2892, NAV per unit of Tk. 10.66 at cost price basis, NAV per unit of Tk. 10.47 at Market price basis and NOCFPU of Tk. (0.20) for the year ended on September 30, 2023 as against Tk. 1.7391, Tk. 11.54, Tk. 13.47 and Tk. 0.69 respectively for the same period of the previous year.
Post Date: 2023-11-15
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).
