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Featured Fund
PUBLIC ISLAMIC ENTERPRISES EQUITY FUND (PIENTEF)
Fund Objective
To achieve capital growth over the medium to long-term period by investing in a portfolio of investments that complies with Shariah requirements.
3-Year
Fund Volatility
Fund Volatility
9.3
moderate
Lipper Analytics
11 Sep 2025
Launch Date
18 March 2015
Performance of PIENTEF vs its Benchmark Index Over the Following Periods Ended 30/09/2025
| PIENTEF (%) | Benchmark (%) | PIENTEF (%) | Benchmark (%) | |
|---|---|---|---|---|
| Total Return | Annualised Return | |||
| 1-Year | 4.56 | 4.30 | 4.56 | 4.30 |
| 3-Year | 36.26 | 24.49 | 10.85 | 7.57 |
| 5-Year | 15.35 | -3.42 | 2.90 | -0.69 |
| 10-Year | 33.35 | 13.57 | 2.92 | 1.28 |
| Since Commencement | 31.06 | 3.55 | 2.61 | 0.33 |
*Source: Lipper, as at 30/09/2025
Performance of PIENTEF and Benchmark Index (Since Fund Commencement* to 30/09/2025)
Benchmark: A composite of 75% FTSE Bursa Malaysia Hijrah Shariah Index, 15% customised index by S&P Opco, LLC based on Top 100 constituents by market capitalisation of the S&P Shariah BMI Asia Ex-Japan Index and 10% 3-Month Islamic Interbank Money Market (IIMM) rate
* Commencement Date - 07 April 2015
* Commencement Date - 07 April 2015
- Public Islamic Enterprises Equity Fund (PIENTEF or the Fund) seeks to achieve capital growth over the medium- to long-term period by investing in a portfolio of investments that complies with Shariah requirements primarily in the domestic market. The Fund may invest up to 25% of its net asset value (NAV) in foreign markets to tap into broader investment opportunities overseas.
- As at 30 September 2025, 96.9% of PIENTEF’s NAV was invested in Shariah-compliant equities while 3.1% of its NAV was invested in Islamic money market instruments. The Fund focused on the consumer, communications, financial and utilities sectors mainly in the domestic market.
- From its commencement on 7 April 2015 to 30 September 2025, the Fund registered a return of +31.06% to outperform its benchmark’s return of +3.55%. This outperformance was led by the Fund’s selected investments within the technology sector which benefitted from the increased digitalisation of the consumer and corporate environments.
- For the 3-year, 5-year and 10-year periods ended 30 September 2025, the Fund registered respective returns of +36.26%, +15.35% and +33.35% to outperform its benchmark’s respective returns of +24.49%, -3.42% and +13.57%.
- Going forward, the Fund will continue to focus on sectors which offer long-term growth prospects such as technology and communications within the domestic and foreign markets.
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