SUMMARY
NCCBLMF1 is a closed end mutual fund with a tenor of twenty years. Since inception the fund achieved 100.60% cumulative return and disbursed BDT 708.0 million as cash dividend. As of September 21, 2023, Net asset value of NCCBLMF1 is BDT 1,183.77 million (USD 11.12 million) at current market price.
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 1.18 billion (at Market Value)*
Inception Date
May 24, 2012
Number of Holdings
20
*Figure as of September 21, 2023.
PERFORMANCE
Fund Performance
| Index | 1-Month | 3-Month | 6-Month | YTD | 1-Year | 3-Year | 5-Year | Since Inception | Alpha against Benchmark |
|---|---|---|---|---|---|---|---|---|---|
| NCCBLMF1 | 0.10% | -0.50% | 0.80% | 0.90% | 1.70% | 8.20% | 5.50% | 6.40% | 0.30% |
| Benchmark | 0.50% | -0.50% | 1.50% | 1.70% | -3.90% | 8.20% | 2.80% | 2.50% | |
| *All figures as of September 21, 2023 | |||||||||
*All returns which represent more than one year returns are annualized.
12-MONTH DIVIDEND YIELD
Dividend Yield:
12-month dividend yield was 8.82% as of September 21, 2023.
Dividend Frequency:
Annual
12-MONTH DIVIDEND YIELD
Dividend Yield:
12-month dividend yield was 8.82% as of June 22, 2023.
Dividend Frequency:
Annual
PORTFOLIO
Portfolio Holdings
| SL | Equity | Value as of 30 Jun, 2022 (BDT) |
|---|---|---|
| 1 | RENATA | 118,809,752 |
| 2 | SQURPHARMA | 93,364,762 |
| 3 | BATBC | 92,872,193 |
| 4 | GP | 92,135,648 |
| 5 | BATASHOE | 76,132,720 |
| 6 | UPGDCL | 41,439,631 |
| 7 | SINGERBD | 38,026,895 |
| 8 | SQUARETEXT | 27,102,754 |
| 9 | MARICO | 23,132,655 |
| 10 | DBH | 21,796,914 |
| * 51.03% of total assets are invested in our top 10 equities | ||
Portfolio Allocation
DIVIDEND GAINS
Latest Dividends Paid
| 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|---|---|---|---|---|
| NCCBLMF1 (BDT) | 1 (RIU) | 1 | 0.3 | 0.65 | 0.45 | 1 | 0.6 | 0.725 | 1.2 | 0.6 |
| *Since inception the fund has disbursed BDT 7.53 per unit as dividend. | ||||||||||
PSI Regarding Dividend
Trading Code: NCCBLMF1
News: The Trustee Committee of the Fund has declared 6% cash dividend based on Net Income for the year ended on December 31, 2018. Record date: 07.03.2019. The Fund has also reported EPU of Tk. 0.6540, NAV per unit of Tk. 10.83 at cost price basis, NAV per unit of Tk. 11.06 at Market price basis and NOCFPU of Tk. 0.01 for the year ended on December 31, 2018 as against Tk. 1.0057, Tk. 11.17, Tk. 12.82 and Tk. 1.73 respectively for the same period of the previous year.
Post Date: 2019-02-13
Trading Code: NCCBLMF1
News: The Trustee Committee of the Fund has declared 10% cash dividend based on Net Income for the year ended on December 31, 2017. Record date: 01.03.2018. The Fund has also reported EPU of Tk. 1.0057, NAV per unit of Tk. 11.17 at cost price basis, NAV per unit of Tk. 12.82 at Market price basis and NOCFPU of Tk. 1.73 for the year ended on December 31, 2017 as against Tk. 0.4736, Tk. 10.62, Tk. 10.75 and Tk. (1.34) respectively for the same period of the previous year.
Post Date: 2018-02-07
Trading Code: NCCBLMF1
News: The Trustee Committee of the Fund has declared 4.50% cash dividend based on Net Income for the year ended on December 31, 2016. Record date: 06.03.2017. The Fund has also reported EPU of Tk. 0.4736, NAV per unit of Tk. 10.62 at cost price basis, NAV per unit of Tk. 10.75 at Market price basis and NOCFPU of Tk. (1.34) for the year ended on December 31, 2016 as against Tk. 0.4641, Tk. 11.12, Tk. 10.80 and Tk. 2.43 respectively for the same period of the previous year.
Post Date: 2017-02-12
Trading Code: NCCBLMF1
News: The Trustee Committee of the Fund has declared 6.50% cash dividend based on Net Income for the year ended on December 31, 2015 and considering previous Retained Earnings. Record date: 05.04.2016. The Fund has earned Net Income of Tk. 50.36 million for December 31, 2015. (cont.)
Post Date: 2016-03-15
Trading Code: NCCBLMF1
News: The Trustee Committee of the Fund has declared No dividend based on Net Loss for the year ended on December 31, 2019. The Fund has also reported EPU of Tk. (0.4819), NAV per unit of Tk. 9.75 at cost price basis, NAV per unit of Tk. 9.80 at Market price basis and NOCFPU of Tk. 1.13 for the year ended on December 31, 2019 as against Tk. 0.6540, Tk. 10.83, Tk. 11.06 and Tk. 0.01 respectively for the same period of the previous year.
Post Date: 2020-12-20
Trading Code: NCCBLMF1
News: The Trustee Committee of the fund has approved 7.25% cash dividend based on Net Income and Retained Earnings for the year ended on December 31, 2020. Record date: 22.02.2021. The Fund has also reported EPU of Tk. 1.12, NAV per unit of Tk. 10.87 at cost price basis, NAV per unit of Tk. 11.81 at Market price basis and NOCFPU of Tk. 2.89 for the year ended on December 31, 2020 as against Tk. (0.48), Tk. 9.75, Tk. 9.80 and Tk. 1.13 respectively for the same period of the previous year.
Post Date: 2021-01-31
Trading Code: NCCBLMF1
News: The Trustee Committee of the fund has approved 12.00% cash dividend based on Net Income and Retained Earnings for the year ended on December 31, 2021. Record date: 01.03.2022. The Fund has also reported EPU of Tk. 1.40, NAV per unit of Tk. 11.54 at cost price basis, NAV per unit of Tk. 12.83 at Market price basis and NOCFPU of Tk. (2.77) for the year ended on December 31, 2021 as against Tk. 1.12, Tk. 10.87, Tk. 11.81 and Tk. 2.89 respectively for the same period of the previous year.
Post Date: 2022-02-07
Trading Code: NCCBLMF1
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 December 31, 2022. Record date: 09.03.2023. The Fund has also reported EPU of Tk. 0.42, NAV per unit of Tk. 10.76 at cost price basis, NAV per unit of Tk. 11.43 at Market price basis and NOCFPU of Tk. (0.34) for the year ended on December 31, 2022 as against Tk. 1.40, Tk. 11.54, Tk. 12.83 and Tk. (2.77) respectively for the same period of the previous year.
Post Date: 2023-02-14
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% |
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).
