KUALA LUMPUR (June 30): Amanah Saham Nasional Bhd (ASNB) today announced an income distribution of 4.25 sen per unit for Amanah Saham Bumiputera 3 – Didik (ASB 3 Didik) for the financial year ending June 30, 2020.

“This return of 4.25 sen per unit exceeds the benchmark Maybank 12-month fixed deposit return of 2.10% by 213 basis points (bps),” ASNB said in a statement.

It noted that ASB 3 Didik, a fixed price fund, shares similar characteristics with the Maybank 12-month fixed deposit, whereby investors take minimal risk on the capital value given the fixed price feature.

“However, being a mixed asset fund, ASB 3 Didik has the flexibility to invest in equities and other asset classes to enhance its return,” added the unit trust firm owned by Permodalan Nasional Bhd.

ASNB said ASB Didik declared a total income distribution payout of RM275.4 million benefiting 298,500 unit holders that hold over 6.5 billion units.

As of May 3, ASB 3 Didik recorded a net realised income of RM251.4 million, it added.

Meanwhile, ASNB also announced that its variable trust fund ASN Equity 2, has delivered a total income distribution payout of RM29.4 million for the year ended June 30, 2020.

This, it said, amounts to a dividend yield of 4.04% based on the net asset value of the fund as at June 25, and an income distribution of two sen per unit, to 33,277 unit holders who hold over 1.4 billion units.

As of May 31, ASN Equity 2 recorded a net realised income of RM34.6 million, it added.

ASNB said the computation of the income distribution for ASB 3 Didik is based on the average minimum monthly balance held throughout the financial year of the fund, while for ASN Equity 2, the calculation of the income distribution is based on the units held as at June 30.

It added that the distribution declared by both funds will be re-invested as additional units into the accounts of unit holders and will be automatically credited on July 1.