Fund Fact Sheet, Investa Dana Dollar Mandiri
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Fund Fact Sheet, September 2021 Investa Dana Dollar Mandiri Fixed Income Fund Reporting Date 30-September-2021 Effective Statement S-6503/BL/2007 Effective Date 19-December-2007 Custodian Bank Standard Chartered Bank, Jakarta Inception Date 28-May-2008 Asset Under Management USD 56.55 Million Currency US Dollar (USD) Pricing Frequency Daily Investment Minimum USD 100 Number of Offered Unit 50.000.000 (Fifty Million) Management Fee Max. 2.00% p.a Custodian Fee Max. 0.12% p.a Subscription Fee Max. 1% Redemption Fee Max. 1.00% (< 1 Year) 0% (> 1 Year) Switching Fee Max. 1.00% ISIN code IDN000061207 Bloomberg code MANINVD:IJ Main Risk Factor - Risks of Changes in Economic and Political - Risk of Default - Risk of Liquidity - Risk of Reduced Net Asset Value Each Unit - Risk of Interest Rate - Risk of Transactions Through Electronic Media - Risk of Dissolution and Liquidation Market Risk Investment Period <3 3-5 >5 3-5 : Medium Term Risk Level Medium Description IDAMAN Fund Investing in USD Bonds with Medium Term and categorized Low - Medium Risk. This Mutual fund’s Portfolio carries various risks for Investors. Information on Mutual Fund Ownership Information on Mutual Fund Ownership Confirmation letter for subscription,redemption and switching of mutual funds are valid legal proof of mutual fund ownership issued and delivered by the custodian bank. In case there is Securities Ownership (AKSES) facility, Participation Unit Holders could see Mutual Fund ownership through KSEI Akses web page, https://akses.ksei.co.id/ About Mandiri Investasi PT Mandiri Manajemen Investasi (Mandiri Investasi) is a separate subsidiary of PT Mandiri Sekuritas established in December 28, 2004. PT Mandiri Sekuritas is Indonesia’s leading investment bank and a subsidiary of PT Bank Mandiri (Persero) Tbk., the country’s largest stateowned Bank. Mandiri Investasi and/or its predecessors have been managing investment portfolios since 1993, with Business License Number : No. Kep-11/PM/MI/2004. Mandiri Investasi is Indonesia’s largest domestic mutual fund, with total assets under management totaling Rp 53.67 Trillion (as of 30 September 2021). Custodian Profile Standard Chartered Bank, Jakarta Branch has a license from the OJK to operate as a custodian in the capital market based on BAPEPAM Chairman Decision No. Kep 35/PM.WK/1991 dated 26 June 1991, and Standard Chartered Bank is registered and supervised by the OJK. Investment Objective To obtain a stable income denominated in US Dollar. Investment Policy Portfolio Allocation Fund Performance IDAMAN Benchmark* May-08 May-09 Apr-10 Apr-11 Mar-12 Mar-13 Feb-14 Jan-15 Jan-16 Dec-16 Nov-17 Nov-18 Oct-19 Oct-20 Sep-21 -40% -30% -20% -10% 0% 10% 20% 30% 40% 50% Top Holding In Alphabetical Order Monthly Return IDAMAN Benchmark* -4% -3% -2% -1% 0% 1% 2% Feb-17 Jul-17 Dec-17 May-18 Oct-18 Mar-19 Aug-19 Jan-20 Jun-20 Nov-20 Apr-21 Sep-21 Performance - 30 September 2021 1 Month 3 Months 6 Months 1 Year 3 Years 5 Years YTD Since Inception IDAMAN -0.46% -0.20% 0.70% 0.00% 10.72% 9.15% -0.87% 51.67% Benchmark* 0.11% 0.34% 0.70% 1.47% 5.38% 7.87% 1.08% 17.30% Best Month Dec-08 17.96% This fund has achieved best performance 17.96% at Dec-08 and achieved worst performance -27.63% at Oct-08. Worst Month Oct-08 -27.63% * Since September 2017, benchmark changes to TD$ 1M + 1% Market Outlook Pemerintah RI Bonds The Fed maintained the benchmark rate within the range 0% - 0.25% in the last FOMC. At the same time, the Fed signals the likelihood of reducing bond-buying stimulus starting end of this year and forecasts bond-buying will come to end in 2022. Regarding the rate hike, the Fed’s DOT plot indicates there will be three times rate hikes by the end of 2023 and the rate rise will likely be sooner. With that hawkish view by the Fed, US 10 years Treasury yield has inched up. Meanwhile, US Congress is still discussing passing the infrastructure bill and USD 3.5 trillion budget package. The bill will provide the market with more US Treasury, hence we predict more bond supply will drive yield going higher. From domestic, we see fiscal revenue continued to improve reaching 14% YoY in 8M21 (vs. FY21 target at 7% growth) from 9% YoY in 1H21 supported by domestic and external economies. On the other hand, the fiscal expenditure slowed to 1.5% YoY in 8M21 from 9.4% YoY in 1H21, due to decline in regional transfer. Additionally, PEN fund (dana Pemulihan Ekonomi Nasional) only reached 53% as of 17 Sep21 out of Rp 744.75 trillion. Ministry of Finance forecasts that the 3Q21 GDP growth still can reach between 4% - 5% despite PPKM in almost all cities in Indonesia. By end of September, Indonesia has made further progress in pandemic indicators such as vaccination rate first shot reached 42% (second shot 23%), BOR lowered to 9%, and daily positive patient booked only roughly 2000 cases/day. Although US Treasury yield will rise, at the back of plenty domestic catalysts such as strong fiscal revenue, improving Covid-19 condition, stronger macro-economic data and stable exchange rate, we are confident yield spread between INDOGB and US 10 years Treasury can narrow further. Hence, fixed income class can continue to perform. Standard Chartered Bank, Cabang Jakarta REKSA DANA INVESTA DANA DOLLAR MANDIRI 30606307610 (USD) Fund Bank Account Money Market : 0% - 20% Money Market : 8.23% Bonds : 80% -100% Bonds : 91.77% Price: USD 1.52
Transcript of Fund Fact Sheet, Investa Dana Dollar Mandiri
Fund Fact Sheet, September 2021
Investa Dana Dollar MandiriFixed Income Fund
Reporting Date30-September-2021
Effective StatementS-6503/BL/2007
Effective Date19-December-2007
Custodian BankStandard Chartered Bank, Jakarta
Inception Date28-May-2008
Asset Under ManagementUSD 56.55 Million
CurrencyUS Dollar (USD)
Pricing FrequencyDaily
Investment MinimumUSD 100
Number of Offered Unit50.000.000 (Fifty Million)
Management FeeMax. 2.00% p.a
Custodian FeeMax. 0.12% p.a
Subscription FeeMax. 1%
Redemption FeeMax. 1.00% (< 1 Year) 0% (> 1 Year)
Switching FeeMax. 1.00%
ISIN codeIDN000061207
Bloomberg codeMANINVD:IJ
Main Risk Factor- Risks of Changes in Economic and Political- Risk of Default- Risk of Liquidity- Risk of Reduced Net Asset Value Each Unit- Risk of Interest Rate- Risk of Transactions Through Electronic Media- Risk of Dissolution and Liquidation Market Risk
Investment Period<3 3-5 >5
3-5 : Medium Term
Risk Level
Medium
DescriptionIDAMAN Fund Investing in USD Bonds with Medium Term and categorized Low - Medium Risk. This Mutual fund’s Portfolio carries various risks for Investors.
Information on Mutual Fund OwnershipInformation on Mutual Fund Ownership Confirmation letter for subscription,redemption and switching of mutual funds are valid legal proof of mutual fund ownership issued and delivered by the custodian bank. In case there is Securities Ownership (AKSES) facility, Participation Unit Holders could see Mutual Fund ownership through KSEI Akses web page, https://akses.ksei.co.id/
About Mandiri InvestasiPT Mandiri Manajemen Investasi (Mandiri Investasi) is a separate subsidiary of PT Mandiri Sekuritas established in December 28, 2004. PT Mandiri Sekuritas is Indonesia’s leading investment bank and a subsidiary of PT Bank Mandiri (Persero) Tbk., the country’s largest stateowned Bank. Mandiri Investasi and/or its predecessors have been managing investment portfolios since 1993, with Business License Number : No. Kep-11/PM/MI/2004. Mandiri Investasi is Indonesia’s largest domestic mutual fund, with total assets under management totaling Rp 53.67 Trillion (as of 30 September 2021).
Custodian ProfileStandard Chartered Bank, Jakarta Branch has a license from the OJK to operate as a custodian in the capital market based on BAPEPAM Chairman Decision No. Kep 35/PM.WK/1991 dated 26 June 1991, and Standard Chartered Bank is registered and supervised by the OJK.
Investment ObjectiveTo obtain a stable income denominated in US Dollar.
Investment Policy Portfolio Allocation
Fund PerformanceIDAMAN Benchmark*
May-08 May-09 Apr-10 Apr-11 Mar-12 Mar-13 Feb-14 Jan-15 Jan-16 Dec-16 Nov-17 Nov-18 Oct-19 Oct-20 Sep-21
-40%
-30%
-20%
-10%
0%
10%
20%
30%
40%
50%
Top HoldingIn Alphabetical Order
Monthly ReturnIDAMAN Benchmark*
-4%
-3%
-2%
-1%
0%
1%
2%
Feb-17 Jul-17 Dec-17 May-18 Oct-18 Mar-19 Aug-19 Jan-20 Jun-20 Nov-20 Apr-21 Sep-21
Performance - 30 September 20211 Month 3 Months 6 Months 1 Year 3 Years 5 Years YTD Since
InceptionIDAMAN -0.46% -0.20% 0.70% 0.00% 10.72% 9.15% -0.87% 51.67%Benchmark* 0.11% 0.34% 0.70% 1.47% 5.38% 7.87% 1.08% 17.30%
Best Month Dec-08 17.96% This fund has achieved best performance 17.96% at Dec-08 and achieved worst performance -27.63% at Oct-08.Worst Month Oct-08 -27.63%
* Since September 2017, benchmark changes to TD$ 1M + 1%
Market Outlook
Pemerintah RI Bonds
The Fed maintained the benchmark rate within the range 0% - 0.25% in the last FOMC. At the same time, the Fed signals the likelihood of reducing bond-buying stimulus starting end of this year and forecasts bond-buying will come to end in 2022. Regarding the rate hike, the Fed’s DOT plot indicates there will be three times rate hikes by the end of 2023 and the rate rise will likely be sooner. With that hawkish view by the Fed, US 10 years Treasury yield has inched up. Meanwhile, US Congress is still discussing passing the infrastructure bill and USD 3.5 trillion budget package. The bill will provide the market with more US Treasury, hence we predict more bond supply will drive yield going higher. From domestic, we see fiscal revenue continued to improve reaching 14% YoY in 8M21 (vs. FY21 target at 7% growth) from 9% YoY in 1H21 supported by domestic and external economies. On the other hand, the fiscal expenditure slowed to 1.5% YoY in 8M21 from 9.4% YoY in 1H21, due to decline in regional transfer. Additionally, PEN fund (dana Pemulihan Ekonomi Nasional) only reached 53% as of 17 Sep21 out of Rp 744.75 trillion. Ministry of Finance forecasts that the 3Q21 GDP growth still can reach between 4% - 5% despite PPKM in almost all cities in Indonesia. By end of September, Indonesia has made further progress in pandemic indicators such as vaccination rate first shot reached 42% (second shot 23%), BOR lowered to 9%, and daily positive patient booked only roughly 2000 cases/day. Although US Treasury yield will rise, at the back of plenty domestic catalysts such as strong fiscal revenue, improving Covid-19 condition, stronger macro-economic data and stable exchange rate, we are confident yield spread between INDOGB and US 10 years Treasury can narrow further. Hence, fixed income class can continue to perform.
Standard Chartered Bank, Cabang JakartaREKSA DANA INVESTA DANA DOLLAR MANDIRI 30606307610 (USD)
Fund Bank Account
Money Market : 0% - 20% Money Market : 8.23%Bonds : 80% -100% Bonds : 91.77%
Price: USD 1.52
