Amanah Saham Nasional Berhad (ASNB), a subsidiary of Permodalan Nasional Berhad (PNB) dedicated to unit trust management, has declared a notable RM2 billion in income distribution for the financial year ending March 31, 2024.
This announcement pertains to two of its flagship fixed-price funds, Amanah Saham Bumiputera 2 (ASB 2) and Amanah Saham Malaysia (ASM), signalling a strong performance amidst challenging economic times.
The distribution breakdown includes RM0.67 billion for ASB 2, equating to 5.25 cents per unit for its 552,297 unit holders who collectively possess 12.73 billion units.
For ASM, the distribution totals RM1.33 billion, or 4.75 cents per unit, benefiting 699,807 unit holders with an aggregate of 28.05 billion units.
These figures underscore the significant yield these funds have generated, with ASB 2 achieving a net realized income of RM659.95 million and ASM amassing RM1,416.01 million as of March 25, 2024.
Both funds have navigated the unpredictable economic landscape and inflationary pressures to secure income through a mix of realized earnings and dividends from a diversified portfolio of domestic and international investments.
Their strategies have extended into other asset classes such as real estate and private investments, focusing on fixed-income instruments to provide stable, recurring income.
This year’s income distribution for ASB 2 and ASM corresponds to a total return of 5.25% and 4.75%, respectively.
These returns notably exceed the benchmark set by the Maybank 12-Month Fixed Deposit rate of 2.84%, outperforming it by 241 basis points for ASB 2 and 191 basis points for ASM.
This performance highlights the funds’ effective investment strategies and their ability to offer competitive returns to investors.
In anticipation of this distribution, ASNB has outlined a specific protocol for the reinvestment process. The declared income distributions will be automatically reinvested into the unit holders’ accounts on April 1, 2024.
However, to facilitate the smooth calculation of these distributions, transactions for ASB 2 and ASM will be temporarily halted across all ASNB branches, agents, and online channels, including internet banking, from March 29 to March 31, 2024.
Unitholders are encouraged to manage their transactions through the myASNB portal or the myASNB mobile application during this period. Normal transaction operations for both funds will resume on April 1, 2024, across the country.
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