FAQ – Income Distribution for Financial Year Ending March 2021

11-03-2021

1) Raiz portfolios are made of 3 ASNB funds;

 

Raiz Portfolio

2) When will the income distribution be announced?

For all the three funds above that Raiz is investing in, it will be announced on 31 Mar 2021.

3) How much is the income distribution?

You will only know once it is announced on 31 Mar 2021.

4) How much will I get? What is the calculation? Is it pro-rated?

The calculation of the income distribution is based on the units you own as at 31 Mar 2021, regardless of when you invest. It is also not pro-rated.

The income distributed by all three funds will be re-invested as additional units into your Raiz account and will be automatically credited on 1 Apr 2021.

 

Example;

  • Assuming;
    • your Raiz portfolio is Moderate (100% invested in ASN Imbang 2 fund); and
    • you own 500 units of ASN Imbang 2 fund; and
    • the price per unit is RM0.95.
  • ASNB declares dividend of 3cents per unit for ASN Imbang 2 fund.
  • Your dividend is;
    • 500 units x 3cents = RM15.00.
  • After distributing the 3cents dividend, the price per unit of ASN Imbang 2 Fund will be adjusted down by the same amount. So, the price per unit is;
    • RM0.95 – RM0.03 = RM0.92.
  • The RM15.00 dividend will then be used to buy new units at RM0.92 per unit. So, you will receive additional;
    • RM15.00 ÷ RM0.92 = 16.3 units.

5) When is the last day to deposit with Raiz for me to be entitled for the income distribution?

The last day to deposit is 22 Mar (Monday) – so we can invest your money the next day (23 Mar) before the suspension period starting 24 Mar until 31 Mar 2021.

You can still make deposit to your Raiz account as usual during this suspension period (24 – 31 Mar 2021), but it will only be invested on 1 Apr 2021.

 


Don’t have the Raiz App?

Download it for free in the App store:

 

 

 

Important Information

The information on this website is general advice only. This means it does not consider any person’s investment objectives, financial situation or investment needs. If you are an investor, you should consult your licensed adviser before acting on any information contained in this article to fully understand the benefits and risk associated with the Raiz product.

The information on this website is confidential. It must not be reproduced, distributed or disclosed to any other person. The information is based on assumptions or market conditions which change without notice. This will impact the accuracy of the information.

Under no circumstances is the information to be used by, or presented to, a person for the purposes of deciding about investing in Raiz.

The past return performance of the Raiz product should not be relied on for deciding to invest in Raiz and is not a good predictor of future performance.

The advertisement has not been reviewed by the SC.