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PUBLIC EHSAN MIXED ASSET CONSERVATIVE FUND (PESMACF)
Fund Objective
To provide income and achieve capital growth over the medium to long-term period primarily through a portfolio allocation across sukuk and Shariah-compliant equities.
3-Year
Fund Volatility
8.7
low
Lipper Analytics
10 Feb 2023
Launch Date
25 November 2014
Performance of PESMACF vs its Benchmark Index Over the Following Periods Ended 28/02/2023
PESMACF (%) Benchmark (%) PESMACF (%) Benchmark (%)
Total Return Annualised Return
-3.58 -1.72 -3.58 -1.72
14.75 3.15 4.69 1.04
26.60 1.60 4.83 0.32
- - - -
48.78 12.00 4.96 1.39
*Source: Lipper, as at 28 Feb 2023
Performance of PESMACF and Benchmark Index (Since Fund Commencement* to 28/02/2023)
Benchmark: A composite of 65% 3-Month Islamic Interbank Money Market (IIMM) rate and 35% FTSE Bursa Malaysia Hijrah Shariah Index
* Commencement Date - 15 December 2014


  • Public Ehsan Mixed Asset Conservative Fund (PESMACF or the Fund) is a mixed asset fund that seeks to provide income and achieve capital growth over the medium- to long-term period through a portfolio allocation across sukuk and Shariah-compliant equities. Up to 25% of the Fund’s net asset value (NAV) may be invested in foreign markets to further diversify the Fund’s investment opportunities.
  • As at 28 February 2023, 62.4% of PESMACF’s NAV was invested in sukuk while 20.0% and 17.6% of its NAV were invested in Shariah-compliant equities and Islamic money market instruments respectively. The Fund’s Shariah-compliant equity portfolio focused on sectors such as communications, consumer, technology, financial (comprising banking and services) and basic materials primarily in the domestic market.
  • From its commencement on 15 December 2014 up to 28 February 2023, the Fund registered a total return of +48.78% to outperform its benchmark’s return of +12.00%. This outperformance was driven by strength in its selected holdings of technology and industrial stocks which benefitted from the increased adoption of digital products and services as well as the reallocation of orders and manufacturing facilities away from China.
  • For the 3- and 5-year periods ended 28 February 2023, the Fund registered respective returns of +14.75% and +26.60% to also outperform its benchmark’s respective returns of +3.15% and +1.60%.
  • Going forward, the Fund’s Shariah-compliant equity portfolio may look to continue investing in the technology sector which stands to benefit from the rising adoption of artificial intelligence to improve customer experience and increase productivity, as well as in the communications sector which is supported by the ongoing migration to cloud services.


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