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PUBLIC e-ISLAMIC PIONEER ENTREPRENEUR 40 FUND (PeIPE40F)

Fund Objective

To achieve capital growth over the long term.

Launch Date

21 April 2021

Performance of PeIPE40F vs its Benchmark Index Over the Following Periods Ended 29/03/2024

	PeIPE40F (%)	Benchmark (%)	PeIPE40F (%)	Benchmark (%)
	Total Return		Annualised Return
1-Year	45.00	23.38	45.00	23.38
3-Year	-	-	-	-
5-Year	-	-	-	-
10-Year	-	-	-	-
Since Commencement	14.20	19.91	4.71	6.50

*Source: Lipper, as at 29 Mar 2024

Performance of PeIPE40F and Benchmark Index (Since Fund Commencement* to 29/03/2024)

Benchmark: A composite of 50% S&P United States LargeCap Shariah Index, 30% customised index by S&P Dow Jones Indices, LLC based on top 100 constituents by market capitalisation of the S&P Shariah BMI Asia Ex-Japan Index, 10% customised index by S&P Dow Jones Indices, LLC based on top 20 constituents by market capitalisation of the S&P BMI Shariah Japan Index and 10% 1-Month Islamic Interbank Money Market (IIMM) rate
* Commencement Date - 11 May 2021

Public e-Islamic Pioneer Entrepreneur 40 Fund (PeIPE40F or the Fund) invests 75% to 98% of its net asset value (NAV) primarily in up to a maximum of 40 Shariah-compliant pioneer entrepreneur stocks, which refer to Shariah-compliant stocks of companies whereby the founder of the company is part of the company’s management team and/or sits on the company’s board of directors at the point of purchase. Additionally, up to 20% of the Fund’s NAV may be invested in other Shariah-compliant stocks listed in global markets.

As at 29 March 2024, 93.3% of PeIPE40F’s NAV was invested in Shariah-compliant equities while 6.7% of its NAV was invested in Islamic money market instruments. The Fund focused on the technology, communications, consumer and industrial sectors mainly in the U.S. and North Asian markets.

For the 1-year period ended 29 March 2024, the Fund registered a return of +45.00% to outperform its benchmark’s return of +23.38%. This outperformance was led by the Fund’s selected holdings of technology and communications stocks which benefitted from the proliferation of artificial intelligence and digitalisation trends.