Cash Distributions For Three Funds
Hong Leong Asset Management Bhd (HLAM) is pleased to announce its second round of distributions for the year. The details of the distributions as at 18 March 2014 are as follows:
|
Fund |
Distribution Per Unit (Gross / sen) |
Targeted Distribution Frequency, subject to availability of realized income |
Last Distribution |
||
|
Distribution Per Unit (Gross / sen) |
Date |
Income Distribution Yield (%)* |
|||
|
Hong Leong Dividend Fund |
3.50 |
Interim |
3.50 |
September 2013 |
6.47 |
|
Hong Leong Strategic Fund |
3.10 |
Interim |
3.10 |
September 2013 |
7.49 |
|
Hong Leong Global Bond Fund |
0.25 |
Quarterly |
0.25 |
December 2013 |
4.97 |
*Source: Lipper for Investment Management; as at 31 December 2013
The declaration of cash distributions have also been buoyed by the Funds’ performance. Attached below is the track record for the Funds.
Track Record
|
|
5-Year |
Since Launch |
|
||
|
Growth |
Benchmark (%) |
Growth |
Benchmark |
||
|
Hong Leong Dividend Fund |
118.53 |
74.91 |
94.29 |
81.73 |
6 January 2005 |
|
Hong Leong Strategic Fund |
99.67 |
91.67 |
125.47 |
95.02 |
8 March 2005 |
|
Hong Leong Global Bond Fund |
53.72 |
9.91 |
38.93 |
27.14 |
18 April 2008 |
Source: Lipper for Investment Management, NAV per unit – NAV per unit, income reinvest
Seeking Regular Income
HLAM has continuously strived to provide regular income payout in the past - ranging from a quarterly to yearly basis – and aims to continue to do so. We append below the income distribution summary recorded by each Fund since its inception.
|
|
Total Gross |
Income Distribution Yield (%)* |
Inception Date |
|
Hong Leong Dividend Fund |
23.00 sen |
71.20 |
6 January 2005 |
|
Hong Leong Strategic Fund |
33.20 sen |
109.99 |
8 March 2005 |
|
Hong Leong Global Bond Fund |
12.00 sen |
26.03 |
18 April 2008 |
^ Since launch till 28 February 2014 *Source: Lipper for Investment Management, as at 28 February 2014
Income Distribution Yield is a financial ratio that shows how much a fund pays out in income distribution each year relative to its fund price at the beginning of the year. In the absence of any capital gains, the dividend yield is the return on investment for a fund.