PROSPECTUS RENEWAL OF MANDIRI INVESTA ATRAKTIF-SYARIAH MUTUAL FUND Effective Date: 19 December 2007
Offering Date: 25 January 2008
OJK NEITHER GIVE ANY STATEMENT TO APPROVE OR REJECT THIS STOCK, NOR EXPRESS THE ACCURACY OR ADEQUACY OF THE CONTENTS OF THIS PROSPECTUS. ANY CONTRADICTORY STATEMENT SHALL BE LEGAL BREACH.
MANDIRI INVESTA ATRAKTIF-SYARIAH MUTUAL FUND (hereinafter referred to as ”MITRA-SYARIAH”) is a Collective Investment Contract Mutual Fund in accordance with Law Number 8 of 1995 on Capital Market and the implementing regulations. MITRA-SYARIAH objective is to provide attractive growth rate of long-term investment value through investment in Equity Sharia Securities in accordance with Islamic Sharia. Islamic Sharia guideline for MITRASYARIAH refers to the Decision of the Chairman of Capital Market and Financial Institutions Supervisory Agency and Fatwa issued by the National Sharia Board, Indonesian Council of Ulama (DSN-MUI). Portfolio composition targets for MITRA-SYARIAH are: minimum of 80% (eighty percent) to maximum of 98% (ninety-eight percent) in Equity Sharia Securities offered in Public Offerings and/or listed in Indonesia Stock Exchange, and minimum of 0% (zero percent) to maximum of 18% (eighteen percent) in Sharia Bonds (Sukuk) offered in Public Offerings and/or listed in Indonesia Stock Exchange, and minimum of 2% (two percent) to maximum of 20% (twenty percent) in money market instruments which have less than 1 (one) year maturity date issued in accordance with applicable laws and regulations. PUBLIC OFFERING PT Mandiri Manajemen Investasi as Investment Manager will continually conduct the Public Offering of MITRASYARIAH Participation Units to the maximum amount of 1,500,000,000 (one billion five hundred million) Participation Units. Each Participation Unit of MITRA-SYARIAH is offered with the same price equals to its initial Net Asset Value amounting Rp1,000 (one thousand Rupiah) on the first offering day, furthermore the purchase price of each unit shall be determined based on its Net Asset Value at the end of related Exchange Day. The Unit Holder of MITRA-SYARIAH is subject to subscription fee amounting maximum of 1% (one percent) of Participation Unit purchase value; redemption fee amounting maximum of 1% (one percent) of Participation Unit redemption value for ownership period up to 1 (one) year and 0% (zero percent) for ownership period more than 1 (one) year; and switching fee amounting maximum of 1% (one percent) of investment switch transaction value for investment switch from MITRA-SYARIAH to other Sharia Funds managed by the Investment Manager except Money Market Mutual Funds and Protected Mutual Funds. Complete explanation regarding costs can be found in CHAPTER IX concerning Cost and Fee Allocations.
INVESTMENT MANAGER PT Mandiri Manajemen Investasi Plaza Mandiri, 29th floor Jl. Jend. Gatot Subroto Kav. 36-38, Jakarta 12190 - Indonesia Telephone : (021) 526 3505 Facsimile : (021) 526 3506 Care Center : (021) 527 3110 Website : www.mandiri-investasi.co.id
CUSTODIAN BANK Deutsche Bank AG, Jakarta Branch Deutsche Bank Building, 4th floor Jl. Imam Bonjol No.80 Jakarta 10310 - Indonesia Telephone : (021) 2964 4137 / 2964 4141 Facsimile : (021) 2964 4130 / 2964 4131
PRIOR TO DECIDE TO PURCHASE THIS PARTICIPATION UNIT OF MUTUAL FUND, YOU SHOULD LEARN THE CONTENTS OF THIS PROSPECTUS PARTICULARLY IN THE SECTIONS OF INVESTMENT MANAGER (CHAPTER III), INVESTMENT OBJECTIVE, INVESTMENT POLICY, MECHANISM FOR PURIFICATION OF ASSETS OF MITRA-SYARIAH FROM PARTICULAR SUBSTANCES THAT CONFLICT WITH SHARIA PRINCIPLES IN CAPITAL MARKET AND PROVISION OF EXCESS/DEFICIT ON PROFIT SHARING REVENUE, AND PROFIT SHARING POLICY (CHAPTER V), AND MAJOR RISK FACTORS (CHAPTER VIII). THE INVESTMENT MANAGER HAS OBTAINED A LICENSE AND LISTED AS AN INVESTMENT MANAGER IN CAPITAL MARKET AND SUPERVISED BY THE FINANCIAL SERVICES AUTHORITY IN CONDUCTING ITS BUSINESS.
This prospectus is published in Jakarta on 31 March 2016
THE ENACTMENT OF LAW NUMBER 21 OF 2011 ON FINANCIAL SERVICES AUTHORITY (”OJK LAW”) With the enactment of the OJK Law, as of 31 December 2012, the regulatory functions, duties and powers of financial services activity in the Capital Market sector had been passed from BAPEPAM & LK to the Financial Services Authority, such that all laws and regulations referred to and obligations in the Prospectus that were previously accounted to or referred to BAPEPAM & LK authority, therefore shall be accounted to or referred to the Financial Services Authority.
IMPORTANT NOTICE MANDIRI INVESTA ATRAKTIF-SYARIAH MUTUAL FUND is not an investment product with guarantee. Prior to purchase any Participation Unit of MANDIRI INVESTA ATRAKTIFSYARIAH MUTUAL FUND, the prospective Unit Holder shall read and understand the Proscpectus and other offering documents. The contents of the Prospectus and other offering documents are not advise in business, law, or taxation. Therefore, the prospective Unit Holders seek their own advise from their own adviser in impact of an investment in MANDIRI INVESTA ATRAKTIF-SYARIAH MUTUAL FUND. The prospective Unit Holder shall realize that there is a possibility that the Unit Holder of MANDIRI INVESTA ATRAKTIF-SYARIAH MUTUAL FUND will bear the risks related to the Participation Unit of MANDIRI INVESTA ATRAKTIF-SYARIAH MUTUAL FUND she/he holds. Related to the risk possibilities, when neccessary the prospective Unit Holders should seek advise from their own adviser/competent parties on business, law, financial, taxation, and other relevant matters. PT Mandiri Manajemen Investasi (”Investment Manager”) is part of PT Bank Mandiri (Persero) Tbk Group (”Mandiri Group”), with offices and business activities in various jurisdictions. In conducting business activities, each Mandiri Group office will always comply with regulatory requirements in each jurisdiction where the Mandiri Group office is located. Laws and regulations applicable in each jurisdiction can be different and can also be interconnected between jurisdictions, either due to inter-jurisdictional cooperation and the application of the principle of reciprocity between the jurisdictions concerned, including but not limited to laws and regulations regarding anti-money laundering, anti-terrorism and taxation, which the application may require each Mandiri Group office to share information including the reporting and withholding of prospective investors’ tax payable which shall be conducted by the Investment Manager from time to time to the authority of local jurisdictions or for the interest of each authorities that are working together or applying the principle of reciprocity. The Investment Manager will always maintain the confidentiality of Unit Holders data and shall comply with the applicable provisions regarding confidentiality of the Unit Holders in Indonesia. In the event that the Investment Manager is required to provide Unit Holders data, the Unit Holders data will be delivered only on a limited basis for the data requested by the competent authority in accordance with applicable regulations.
Investment in a mutual fund will bear risks. Any prospective investor shall read and understand the prospectus prior to decides deciding to invest in the mutual fund. Past performance is not indicative of future performance. A mutual fund is not a banking product and is not guaranteed by any party. PT Mandiri Manajemen Investasi is registered and supervised by the Financial Services Authority, and each product offering shall be made by workers who have been registered and supervised by the Financial Services Authority. In the event of any future issuance of amendments to the OJK regulations on mutual fund business, the provisions of this Mutual Fund Contract/Prospectus shall comply with the latest OJK regulations without having to necessarily sign the Contract amendments, unless specified otherwise by applicable laws and regulations or being instructed by the OJK.
TABLE OF CONTENTS PAGE CHAPTER I
GLOSSARIES AND DEFINITIONS .................................................
1
CHAPTER II
INFORMATION REGARDING MITRA-SYARIAH ..................................
10
CHAPTER III
INVESTMENT MANAGER .........................................................
17
CHAPTER IV
CUSTODIAN BANK ................................................................
21
CHAPTER V
INVESTMENT OBJECTIVE, INVESTMENT POLICY, MECHANISM FOR PURIFICATION OF ASSETS OF MITRA-SYARIAH FROM PARTICULAR SUBSTANCES THAT CONFLICT WITH SHARIA PRINCIPLES IN CAPITAL MARKET AND PROVISION OF EXCESS/DEFICIT ON PROFIT SHARING REVENUE, AND PROFIT SHARING POLICY .....................................
22
CALCULATION METHOD OF FAIR MARKET VALUE OF SECURITIES IN MITRASYARIAH ..........................................................................
29
CHAPTER VII
TAXATION ........................................................................
31
CHAPTER VIII
INVESTMENT BENEFITS AND MAJOR RISK FACTORS ..........................
33
CHAPTER IX
COST AND FEE ALLOCATIONS ..................................................
35
CHAPTER X
UNIT HOLDER ENTITLEMENTS ..................................................
38
CHAPTER XI
DISCONTINUITY AND LIQUIDATION ............................................
40
CHAPTER XII
PARTICIPATION UNIT PURCHASE REQUIREMENTS AND PROCEDURES ......
43
CHAPTER XIII
PARTICIPATION UNIT REDEMPTION REQUIREMENTS AND PROCEDURES ...
49
CHAPTER XIV
INVESTMENT SWITCH REQUIREMENTS AND PROCEDURES ...................
50
CHAPTER XV
UNIT HOLDER COMPLAINT SETTLEMENT ......................................
52
CHAPTER XVI
DISPUTE RESOLUTION ...........................................................
54
CHAPTER XVII
MITRA-SYARIAH PURCHASE, REDEMPTION, AND SWITCHING SCHEMES .....
55
CHAPTER XVIII
DISSEMINATION OF PROSPECTUS AND FORMS RELATED TO PARTICIPATION UNIT SUBSCRIPTION ..........................................
58
CHAPTER XIX
COMPLAINT HANDLING WORKING UNIT .......................................
59
CHAPTER XX
ACCOUNTANT OPINION REGARDING FINANCIAL STATEMENTS ..............
60
CHAPTER VI
CHAPTER I GLOSSARIES AND DEFINITIONS 1.1.
ACCOUNT OPENING FORM An Account Opening Form is an original form that shall be completed and signed by the prospective buyer prior to purchase the Participation Unit of MITRA-SYARIAH for the first time (initial purchase).
1.2.
AFFILIATION a. b. c. d. e. f.
1.3.
A family relationship by marriage and descent to the second degree, horizontally as well as vertically; A relationship between a party and its employees, Directors, or Commissioners; A relationship between 2 (two) companies with one or more Directors or Commissioners are in common; A relationship between a company and a party that directly or indirectly, controls or is controlled by that company; A relationship between 2 (two) Companies that are controlled directly or indirectly by the same party; or A relationship between a company and a substantial shareholder.
BOND PRICING AGENCY (LPHE) LPHE is a party that obtains business permit from the OJK to perform bond pricing in order to determine the fair market value, as referred to in the Rule Number V.C.3 concerning Bond Pricing Agency.
1.4.
CALCULATION METHOD OF NET ASSET VALUE (NAV) The calculation method of NAV is the method in accordance with the Regulation of BAPEPAM & LK No.IV.C.2 on Fair Market Value of Mutual Funds Portfolio as an Attachment to the Decision of BAPEPAM & LK Chairman No.KEP-367/BL/2012 dated 9 July 2012 on Fair Market Value of Mutual Funds Portfolio (“BAPEPAM &LK Regulation No.IV.C.2), where NAV is calculated using fair market value determined by the Investment Manager.
1.5.
CAPITAL MARKET AND FINANCIAL INSTITUTIONS SUPERVISORY AGENCY (”BAPEPAM & LK”) BAPEPAM & LK means an institution that shall provide guidance, regulation, and day-to-day supervision of the Capital Market activities as intended by the Capital Market Law. With the enactment of the OJK Law, as of 31 December 2012, the regulatory functions, duties and powers of financial services activity in the Capital Market sector had been passed from BAPEPAM & LK to the Financial Services Authority, such that all laws and regulations referred to and obligations in the Prospectus that were previously accounted to or referred to BAPEPAM & LK authority, therefore shall be accounted to or referred to the Financial Services Authority. 1
1.6. CAPITAL MARKET LAW The Capital Market Law is the Law of the Republic of Indonesia Number 8 of 1995 on Capital Market. 1.7.
CLIENT A Client is a party that uses the services provided by the Financial Services Provider in the Capital Market sector for investments in the Capital Market, either followed by or without opening a Securites account as referred to in the POJK on Know the Client Principle. In this Prospectus, the term “Client” according to its context refers to Prospective Unit Holder and any Unit Holder.
1.8.
COLLECTIVE INVESTMENT CONTRACT A Collective investment contract is an agreement between an Investment Manager and a Custodian Bank that binds Unit Holders and that authorizes the Investment Manager to manage the collective investment portfolio and the Custodian Bank to provide collective custody services.
1.9.
CUSTODIAN BANK A Custodian Bank is a Commercial Bank which approved by OJK to act as a Custodian, which provides safekeeping services with respect to Securities (including Collective Custody of safekeeping Securities owned jointly by more than one Person whose interests are represented by the Custodian) and Securities-related assets and other services, including collection of dividends, interest, and other entitlements, the settlement of Securities transactions, and agency services for clients who are account holders.
1.10. DSN-MUI DSN-MUI is National Sharia Board of Indonesian Council of Ulama. 1.11. EFFECTIVENESS Effectiveness refers to having completed all procedures and legal requirements with respect to a Registration Statement for a Public Offering of Mutual Fund in the form of a Collective Investment Contract stipulated in the Capital Market Law and the Regulation of BAPEPAM & LK No.IX.C.5 concerning Registration Statement for a Public Offering of a Mutual Fund in the Form of a Collective Investment Contract, which is an Attachment to the Decision of the Chairman of BAPEPAM & LK No.Kep-430/PM/2007, dated 19 December 2007 (“the Regulation of BAPEPAM & LK No.IX.C.5”). The effectiveness letter of Registration Statement for a Public Offering of a Mutual Fund in the Form of a Collective Investment Contract shall be issued by the OJK. 1.12. EXCHANGE DAY An Exchange Day is any day between Monday to Friday (inclusive) on which a Stock Exchange is open for business, unless the day is a national vacation day or stated as vacation day by the Stock Exchange. 2
1.13. FINANCIAL SERVICES AUTHORITY (“OJK”) OJK means an institution that is independent and free from the interference of any other party, and has the functions, duties, and powers to regulate, supervise, examine, and investigate as intended by Law Number 21 of 2011 on Financial Services Authority (“OJK Law”). 1.14. FINANCIAL SERVICES PROVIDER IN THE CAPITAL MARKET The Financial Services Provider in the Capital Market is a Securities Company engaging business activities as Underwriter, Broker-Dealer, and/or Investment Manager, and Commercial Bank providing Custody function. In this Contract, the term “Financial Services Provider” according to its context is the Investment Manager and the Custodian Bank and/or the Selling Agent appointed by the Investment Manager (if any). 1.15. INVESTMENT MANAGER An Investment Manager is a Party, that, as a business, manages Securities Portfolios or collective investment portfolios for clients or groups of clients. In this matter the Investment Manager is PT Mandiri Manajemen Investasi. 1.16. INVESTMENT SWITCH FORM Investment Switch Form is an original form used by the Unit Holder to switch his/her Participation Units in MITRA-SYARIAH to other Sharia Mutual Funds managed by Investment Manager, except Money Market Securities and Protected Securities, therefore completed, signed, and submitted by Unit Holder to the Investment Manager or Selling Agent appointed by the Investment Manager. 1.17. ISSUER OF SHARIA SECURITIES LIST The Issuer of Sharia Securities List is a party that has obtained approval from capital market authority to issue Sharia Securities List as defined in laws and regulations on capital market regulating the criteria and the issuance of Sharia Securities List. 1.18. KNOW THE CLIENT PRINCIPLE Know the Client Principle is a principle to be implemented by Financial Services Provider in Capital Market Sector to: a. Know the Client background and identity; b. Monitor Client Securities account and transaction; and c. Report suspicious financial transaction and financial transaction incash, as regulated in the POJK on Know the Client Principle. 1.19. MONEY MARKET SHARIA EXPERT Money market sharia expert is a person or a business entity who acts as adviser or supervisor on the implementation of sharia aspects in corporate business including issuing the statement of sharia compliance on the issuance of product and services in the capital market, as referred to in the POJK on Money Market Sharia Expert. 3
1.20. MONTHLY REPORT A Monthly Report is a report issued by Custodian Bank and delivered to the Unit Holder no later than 12 (twelve) days in the following month which at least contains: (a) name, address, account title, and account number of the Unit Holder, (b) Net Asset Value per Participation Unit at the end of the month, (c) Participation Units owned by the Unit Holder, (d) Total mutual fund value owned by the Unit Holder, (e) date of dividend sharing (if any), (f) details of owned portfolios, and (g) information regarding no transaction (purchase and/or redemption) on an amount of Participation Units owned by the Unit Holder in the previous month. In event of any transaction in the previous month of an amount of Participation Units owned by the Unit Holder, therefore Monthly Report describes additional information regarding: (a) amount of owned Participation Unit at the beginning of the period, (b) date, Net Asset Value and amount of Participation Units purchased or redeemed in every transaction during such period, and (c) tax status details of income earned by the Unit Holder during particular periods while considering income and cost (if any) category as stipulated in Regulation of BAPEPAM No.X.D.1. which is an Attachment to Decision of the Chairman of BAPEPAM No.Kep-06/PM/2004 dated 9 February 2004 concerning Mutual Fund Reporting. 1.21. MUTUAL FUND A Mutual Fund is a medium used by an Investment Manager to gather funds from the public for investment in a Securities Portfolio. In accordance with Capital Market Law, a Mutual Fund can be organized as: (i) Open-ended or Closed-ended Company;or (ii) Collective Investment Contract. The legal form of Mutual Fund offered in this Prospectus is Collective Investment Contract. 1.22. NET ASSET VALUE (NAV) The Net Asset Value is the fair market value of the Securities portfolio, and other assets of a Mutual Fund, less the liabilities of the Fund. The Net Asset Value of Mutual Fund shall be calculated and published every Exchange Day. 1.23. OJK CIRCULAR LETTER (SE OJK) ON SERVICES AND CLIENT COMPLAINT SETTLEMENT SE OJK on Services and Client Complaint Settlement in Financial Services Business is the Circular Letter of Financial Services Authority Number: 2/POJK.07/2014 dated 14 February 2014 on Services and Client Complaint Settlement in Financial Services Business, and its explanatory notes, and the possible future amendments and replacements. 1.24. OJK REGULATION (POJK) ON CAPITAL MARKET SHARIA EXPERT The POJK on Capital Market Sharia Expert is OJK Regulation Number 16/POJK.04/2015 dated 3 November 2015 on Capital Market Sharia Expert and its explanatory notes, and the possible future amendments and replacements. 4
1.25. OJK REGULATION (POJK) ON CLIENT PROTECTION The POJK on Client Protection is Financial Services Authority Regulation Number 1/POJK.07/2013 dated 26 July 2013 on Client Protection in Financial Services Sector, and its explanatory notes, and the possible future amendments and replacements. 1.26. OJK REGULATION (POJK) ON KNOW THE CLIENT PRINCIPLE The POJK on Know the Client Principle is Financial Services Authority Regulation Number 22/POJK.04/2014 dated 18 November 2014 on Know the Client Principle to be implemented by Financial Services Provider in Capital Market Sector, and its explanatory notes, and the possible future amendments and replacements. 1.27. OJK REGULATION (POJK) ON SHARIA MUTUAL FUNDS The POJK on Sharia Mutual Funds is Financial Services Authority Regulation Number 19/POJK.04/2015 dated 3 November 2015 on the Issuance and Requirements of Sharia Mutual Funds and its explanatory notes, and the possible future amendments and replacements. 1.28. PARTICIPATION UNIT Participation Unit is a measurement unit which describes interest portion of each party in a collective investment portfolio. 1.29. PARTICIPATION UNIT REDEMPTION FORM A Participation Unit Redemption Form is an original form used by the Unit Holder to redeem his/her Participation Units, therefore completed, signed, and submitted by the Unit Holder to the Investment Manager or Selling Agent appointed by the Investment Manager. 1.30. PARTICIPATION UNIT SUBSCRIPTION FORM A Participation Unit Subscription Form is an original form used by the prospective Unit Holder, therefore completed, signed, and submitted by the prospective holder to the Investment Manager or the Selling Agent appointed by the Investment Manager. 1.31. PARTICIPATION UNIT TRANSACTION CONFIRMATION LETTER A Participation Unit Transaction Confirmation Letter is a confirmation letter that confirms Participation Units purchase and/or redemption and/or investment switch order from the Unit Holder and describes the amount of Participation Units owned by the Unit Holder and serves as proof of ownership of MITRA-SYARIAH. A Participation Unit Transaction Confirmation Letter will be issued by and delivered by the Custodian Bank no later than 7 (seven) Exchange Days after: (i) A purchase application for MITRA-SYARIAH Participation Unit from Unit Holder is complete and received by the Investment Manager or Selling Agent appointed by the Investment Manager, and all payment for such purchase is received in good fund and in complete application by the Custodian Bank; 5
(ii)
(iii)
A redemption application for MITRA-SYARIAH Participation Unit from the Unit Holder is complete and received by the Investment Manager or Selling Agent appointed by the Investment Manager in complete application; and an investment switch application in MITRA-SYARIAH from the Unit Holder is complete and received by the Investment Manager or Selling Agent appointed by the Investment Manager in complete application.
1.32. PROFILE OF PROSPECTIVE UNIT HOLDER FORM A Profile of Prospective Unit Holder Form is a form required in the implementation of Know the Client Principle to be completed by the Prospective Unit Holder. Profile of Prospective Unit Holder Form contains data and information data and information on the risk profile of the MITRA-SYARIAH investor before conducting initial purchase of MITRA-SYARIAH Participation Units at the Investment Manager or the Selling Agent appointed by the Investment Manager. 1.33. PROOF OF OWNERSHIP A Mutual Fund in the form of Collective Investment Contract gathers fund by issuing Participation Units to the investors. A Participation Unit is a measurement unit which describes interest portion of each party in a collective investment portfolio. Therefore the Participation Unit serves as proof of ownership of Unit Holder in Mutual Fund in the form of Collective Investment Contract. Investment Manager through Custodian Bank shall issue Participation Unit Transaction Confirmation Letter consisting the amount of Participation Units owned by every Unit Holder and serves as proof of ownership of Mutual Fund Participation Unit. 1.34. PROSPECTUS A Prospectus is every printed statement or written information in a Public Offering of the Mutual Fund that is intended to induce investor to purchase Participation Units of the Mutual Fund, unless the statement or information is not categorized a Prospectus in accordance with the Regulations of OJK. 1.35. PROVISIONS OF CLIENT PERSONAL DATA CONFIDENTIALITY AND SECURITY AND/OR INFORMATION The provisions of Client Personal Data Confidentiality and Security and/or Information are provisions of client personal data confidentiality and security and/or information as regulated in the POJK on Client Protection and Financial Services Authority Circular Letter Number: 14/SEOJK.07/2014 dated 20 August 2014 on Client Personal Data Confidentiality and Security and/or Information, and its explanatory notes, and the possible future amendments and replacements.
6
1.36. PUBLIC OFFERING A Public Offering is an offer made by the Investment Manager to sell Participation Unit of MITRA-SYARIAH to the public, in ways stipulated in the Capital Market Law and the Collective Investment Contract of MITRASYARIAH. 1.37. REGISTRATION STATEMENT A Registration Statement is the set of documents that shall be submitted to OJK by the Investment Manager in a Public Offering for Mutual Fund in the Form of Collective Investment Contract as stipulated in the Capital Market Law and the Regulation of BAPEPAM & LK No.IX.C.5. 1.38. SECURITIES Securities are commercial papers. According to the Regulation of BAPEPAM & LK No.IV.B.1 concerning Guidelines for the Management of Mutual Fund in the Form of a Collective Investment Contract, which is an Attachment to Decision of the Chairman of BAPEPAM & LK No.KEP-176/BL/2008, dated 14 May 2008 (“the Regulation of BAPEPAM & LK No.IV.B.1”), the Mutual Fund in the Form of Collective Investment Contract is only allowed to conduct the purchasing and the selling of: a. Securities offered in a Public Offering and/or traded on domestic or foreign Stock Exchanges; b. Debt Securities in the form of commercial papers which have been rated by Securties rating company, State Bonds, and/or Debt Securities issued by international institutions where the Government of the Republic of Indonesia is among of the members; c. Domestic market instruments which have maturity date of less than 1 (one) year, including Bank of Indonesia Certificate, Money Market Securities, Promissory Notes, and Certificates of Deposit, either in Rupiah or any foreign currency; and/or d. Domestic commercial papers which have maturity date of less than 3 (three) years and have been rated by Securities rating company. 1.39. SECURITIES ELIGIBLE FOR PURCHASE Securities eligible for purchase are securities as regulated in the POJK on Sharia Mutual Funds. In accordance with POJK on Sharia Mutual Funds, the management of sharia mutual funds may only be invested in: a. Securities in Public Offering and/or traded in Indonesia Stock Exchange and listed in Sharia Securities List stipulated by the OJK; b. Rights Issue (HMETD) of Sharia and Sharia Warrants offered in Public Offering and/or traded in Indonesia Stock Exchange; c. Sharia bonds offered in Indonesia through Public Offering; d. Securities traded in foreign stock exchanges that are listed in Sharia Securies List issued by the issuer of Sharia Securities List; e. Sharia bonds offered in Public Offering and/or traded in foreign stock exchanges that are listed in Sharia Securies List issued by the issuer of Sharia Securities List; f. Domestic asset-backed Sharia Securites which have been rated by Securities rating company that have business license from the OJK; 7
g. h. i.
Domestic Sharia commercial papers which have been rated by Securities rating company that have business license from the OJK; Sharia Securities that comply with Sharia principles in capital market issued by international institutions where the Government of Indonesia is among the members; and/or Domestic Sharia money market instruments which have maturity date of less than 1 (one) year, in Rupiah or other denominations.
1.40. SECURITIES PORTFOLIO Securities Portfolio is a collection of Securities that is owned by MITRASYARIAH. 1.41. SELLING AGENT A Selling Agent is the Selling Agent as the Party that sells Mutual Fund Securities according to a cooperation agreement with the Investment Manager as referred to in the OJK Regulation Number 39/POJK.04/2014 dated 30 December 2014 on Selling Agent, including the explanatory notes as well as the possible future amendments and replacements. 1.42. SHARIA SECURITIES Sharia securities are securities as defined in Law on Capital Market and the implementing regulations which (i) the contract (akad), business ways and activities; (ii) assets which form the basis of akad, business ways and activities; and/or (iii) assets related with the securities and the issuance that are not in conflict with Sharia principles in Capital Market. 1.43. SHARIA SECURITIES LIST Sharia Securities List is the list of Sharia Securities in accordance with laws and regulations on capital market regulating criteria and the issuance of Sharia Securities List, which mention the list of securities that are not in conflict with Sharia principles in capital market, which can be purchased by foreign Sharia Securities-based Mutual Funds, stipulated by the OJK and/or the Issuer of Sharia Securities List. 1.44. SHARIA PRINCIPLES IN CAPITAL MARKET Islamic law principles in Sharia activities in the capital market are principles of Islamic law is Sharia activities in the capital market in accordance with the fatwa of DSN-MUI, as referred to in the POJK Number 15/POJK.04/2015 dated 3 November 2015 on the Implementation of Sharia Principles in Capital Market. 1.45. SOCIAL ACCOUNT Social Account is a special account to maintain or keep funds as the result of purification of MITRA-SYARIAH assets from particular substances that conflict with Sharia Principles in Capital Market as referred to in Chapter V paragraph 5.4 of this Prospectus and will be used for social purposes in accordance with the policy of the Investment Manager upon direction and approval of Sharia Supervisory Board of PT Mandiri Manajemen Investasi. 8
1.46. THE SHARIA SUPERVISORY BOARD OF PT MANDIRI MANAJEMEN INVESTASI Sharia Supervisory Board of PT Mandiri Manajemen Investasi is a board consisting one or more Capital Market Sharia Experts who have obtained license from the OJK, assigned by the Board of Directors of PT Mandiri Manajemen Investasi, to issue Sharia Compliance Statement on the issuance of MITRA-SYARIAH, to provide advise and recommendations, and responsible for the supervision of MITRA-SYARIAH to ensure its sustainable compliance with Sharia principles in capital market. The assignment of Sharia Supervisory Board of PT Mandiri Manajemen Investasi is upon approval/recommendation of National Sharia Board of Indonesian Council of Ulama (DSN-MUI). 1.47. WAKALAH Wakalah is a contract (akad) which the Party that gives the right (muwakkil) gives authority to the Party receiving the right (wakil) to perform certain acts and actions referred to in the Regulation of BAPEPAM & LK No. IX.A.14 which is an Attachment to the Decision of the Chairman of BAPEPAM & LK No. Kep-430/BL/2012 dated 1 August 2012 concerning Contracts Used in the Issuance of Sharia Securities in Capital Market. 1.48. WORKDAY A Workday is any day between Monday to Friday (inclusive), unless the day is declared as a national vacation day by the Government of the Republic of Indonesia.
9
CHAPTER II INFORMATION REGARDING MITRA-SYARIAH 2.1
THE ESTABLISHMENT OF MITRA-SYARIAH MITRA-SYARIAH is a Mutual Fund in the form of Collective Investment Contract based on Notarial Deed of Collective Investment Contract of MITRA-SYARIAH No.90 dated 22 November 2007 jis. the Deed of First Amendment to Collective Investment Contract of MITRA-SYARIAH No.47 dated 18 April 2008, both deeds were made before Imas Fatimah, S.H., notary public in Jakarta; the Deed of Second Amendment to and Restatement of Collective Investment Contract of MITRA-SYARIAH No.13 dated 21 January 2009 made before Nelfi Mutiara Simanjuntak, S.H. as replacement of Imas Fatimah, S.H., notary public in Jakarta; the Deed of Third Amendment to and Restatement of Collective Investment Contract of MITRA-SYARIAH No.50 dated 30 March 2009 made before Imas Fatimah S.H., notary public in Jakarta; the Deed of Fourth Amendment to and Restatement of Collective Investment Contract of MITRA-SYARIAH No.27 dated 10 June 2010 made before Khairina, S.H., notary public in Jakarta; the Deed of Fifth Amendment to Collective Investment Contract of MITRASYARIAH No.21 dated 20 May 2013 made before Pratiwi Handayani, S.H., notary public in Jakarta; the Deed of Sixth Amendment to Collective Investment Contract of MITRA-SYARIAH No.31 dated 10 July 2014 made before Leolin Jayayanti, S.H., notary public in Jakarta; (hereinafter referred to as “Collective Investment Contract of MITRA-SYARIAH”), between PT Mandiri Manajemen Investasi as the Investment Manager and Deutsche Bank A.G., Jakarta branch, as the Custodian Bank.
2.2.
WAKALAH CONTRACT According to the Fatwa of National Sharia Board No. 20/DSN-MUI/IV/2001, contract (akad) between the Investment Manager and the Unit Holder based on Collective Investment Contract of Mutual Fund is a contract performed as Wakalah in which the investor gives mandate to the Investment Manager to invest in the interest of investors in accordance with the provisions stipulated in the Mutual Fund Collective Investment Contract and prospectus. The Investment Manager and the Custodian Bank (wakiliin) act on behalf of the interests of the Unit Holder (muwakil) in which the Investment Manager is authorized to manage collective investment portfolios and the Custodian Bank is authorized to perform collective safekeeping services.
2.3.
PUBLIC OFFERING PT Mandiri Manajemen Investasi as Investment Manager will continually conduct the Public Offering of MITRA-SYARIAH up to 1,500,000,000 (one billion five hundred million) Participation Units.
10
Each Participation Unit of MITRA-SYARIAH is offered with the same price equals to its initial Net Asset Value amounting Rp1,000 (one thousand Rupiah) on the first offering day, furthermore the purchase price of each unit shall be determined based on Net Asset Value of MITRA-SYARIAH at the end of related Exchange Day. The Investment Manager may increase the amount of MITRA-SYARIAH Participation Units by amending the Collective Investment Contract of MITRA-SYARIAH in accordance with the provisions of laws applicable. 2.4.
THE MANAGER OF MITRA-SYARIAH PT Mandiri Manajemen Investasi as the Investment Manager is supported by professionals including Investment Committee and Investment Manager Team. a.
Investment Committee Chairman Member Member
: Muhammad Hanif : Ferry Indra Zen : Endang Astharanti
Muhammad Hanif Muhammad Hanif joined PT. Mandiri Manajemen Investasi in July 2012 as Senior Executive Vice President and was later assigned as President Director since December 2012. He started his career in finance since 1988 by joining Bank Niaga as head of several departments within a period of 8 years. In 1996 he joined PT. Danareksa Investment Management and assigned as a relationship manager for institutional clients and in 2005 he was assigned as CEO. From 2005 to 2010, Muhammad Hanif was assigned by the Minister of State-Owned Enterprises as a member of the Board of Directors of PT. Danareksa (Persero). During the period he was also assigned as Commissioner (2005-2007) and President Commissioner (2007-2010) of PT. Danareksa Investment Management. After finishing his tenure at PT. Danareksa (Persero), Muhammad Hanif run a business which engaged in the management of real sector investments (known as private equity firm) until mid-2012. Mohammed Hanif was graduated from the Faculty of Economics, University of Indonesia majoring Marketing Management in 1987 and had been granted license as an Investment Manager by Financial Services Authority according to the Decision Letter Number Kep-13/PM/IP/WMI/1999 dated 12 March 1999. Ferry Indra Zen Ferry Indra Zen joined PT Mandiri Manajemen Investasi (Mandiri Investasi) since June 2013 as Senior Executive Vice President, and since August 2014 he was assigned as the Director. He started his career as a Programmer and System Analyst since 1983 to 1990 in several companies then he continued his career as Data Center Operation Head at PT Bank Niaga in 1990-1992. At the same company he later served as the Information Services Department Head in 19921995, then in 1995-1997 he was responsible for System Integration & 11
Planning. His career development continued at PT Niaga Aset Manajemen (PT CIMB-Principal Asset Management) in 1997-2009 when he served as General Manager of Operations, General Manager of Marketing, and lastly the Director. Prior to joining to Mandiri Investasi, Ferry I. Zen served as Director of the Pension Fund of Bank Indonesia (Dana Pensiun Bank Indonesia, DAPENBI) in 2009-2013. He had followed variety of non-formal education related to Capital Markets and Finance. Ferry I. Zen had obtained individual license as Investment Manager Representative issued by the BAPEPAM & LK according to the Decision Letter of the Chairman of BAPEPAM & LK Number Kep-75/PM/IP/WMI/2001 dated 11 June 2001. Endang Astharanti Endang Astharanti joined PT Mandiri Manajemen Investasi in October 2014 as Sales Division Head and since July 2015 she was appointed as Director. Her career was started in 2000 at PT. Bank Mandiri (Persero), Tbk. She was appointed as head of several departments in Distribution Network/Regional Offices including several branch offices of Bank Mandiri until 2006. Her career continued in Wealth Management Business as Priority Banking Manager at Bank Mandiri branch in Jakarta Pluit Kencana. Several years later she was appointed as Regional Wealth Manager of West Java with responsibilites, among others are to maintain investors’ investment portfolio and to develop Wealth Management business in the area. Her last position at Bank Mandiri is Marketing, Communication, and Promotion Department Head under Mass Banking Group where she is responsible for all marketing activities of Bank Mandiri products and retail services. She obtained her MBA from Nanyang Technology University of Singapore in 2008, and previously obtained her bachelor degree at Economics Faculty of Gadjah Mada University (UGM) in 1999. She had obtained the license as Investment Manager according to the Decision of the Financial Services Authority (the OJK) No.KEP46/PM.211/WMI/2015. b.
Investment Manager Team The Investment Manager Team is in charge as daily executor on investment policies, strategies and executions formulated together with the Investment Committee. The Investment Manager Team are: Head of Investment Manager Team : Priyo Santoso Investment Manager Team Members : Aldo Perkasa Albert Z. Budiman Stefanus Indarto Akbar Syarief Priyo Santoso Priyo Santoso obtained his Master of Applied Finance from University of Melbourne Australia and Physics Bachelor degree from University of Indonesia. He joins PT Mandiri Manajemen Investasi as Chief Investment Officer since July 2010. He started his career as Money Market Analyst and Risk Management for Treasury Management Division at Bank Niaga in 1991, and in 1995 he joined PT Sigma Batara 12
Securities as Fixed Income Research Analyst. His capability in Fixed Income Securities was granted him to join PT Danareksa Investment Management in 1996 as Portfolio Manager. In August 2005 he was promoted to Head of Investment Management Division of PT Danareksa (Persero) to July 2009, and in August 2009 he was appointed as Head of Risk Management to strengthen risk management process at PT Danareksa (Persero). Priyo was granted the license as Investment Manager Representative by the Financial Services Authority through the Decision Letter of Chairman of BAPEPAM No.87/PM/IP/WMI/1996 dated 2 October 1996. Aldo Perkasa Aldo Perkasa obtained his Bachelor of Economics from the University of Pelita Harapan in 2006. Aldo joined the Investment Division of PT Mandiri Manajemen Investasi in 2011 as portfolio manager. Aldo started his career as investment analyst in 2007 and as portfolio manager in 2009 at Danareksa Investment Management. Aldo has individual license as Investment Manager (WMI) issued by Financial Services Authority through the Decision Letter of Chairman of BAPEPAM & LK No.Kep-21/BL/WMI/2008, and had passed the CFA level 1 test in 2010, and he passed profession capability test for Broker-Dealer Representative in 2008. Albert Z. Budiman Albert Zebadiah Budiman obtained his Bachelor degree at Economic Faculty of Tarumanegara University in 2004. Albert joined the Investment Division at PT Mandiri Manajemen Investasi in 2011 as Dealer and in 2013 as Portfolio Manager. Albert started his career in risk management in 2004 and as equity dealer in 2010 at DBS Vickers Securities Indonesia. Albert had obtained individual license as Investment Manager Representative (WMI) issued by Financial Services Authority through the Decision Letter of Chairman of BAPEPAM & LK No.Kep-114/BL/WMI/2011 dated 16 December 2011, obtained FRM in 2010, and passed CFA level 2 test in 2010, and passed profession capability test for Broker-Dealer Representative in 2010. Stefanus Indarto Stefanus Indarto obtained his M.Sc in Business Economics from KU Leuven Belgium in 2012 and Bachelor of Economics from Indonesia University in 2006. In 2009 Stefanus joined PT Mandiri Manajemen Investasi as an Investment Analyst and then Portfolio Manager. His previous experiences were at HSBC Indonesia and PT ORIX Indonesia as Senior Credit Analyst as his latest position. Stefanus had obtained license as Investment Manager Representative issued by the capital market authority through the Decision Letter Number KEP32/BL/WMI/2010 dated 1 November 2010, and had obtained Financial Risk Manager (FRM) certification from Global Association of Risk Professionals (GARP) in 2009.
13
Akbar Syarief Akbar Syarief obtained his Bachelor of Economics from Economics Faculty of STIE Perbanas in 2003. He joined the Investment Division of PT Mandiri Manajemen Investasi since 2015 as Fixed Income and Money Market Portfolio Manager. He was working at PT Asuransi Allianz Life as Investment Trader for 3 years since 2006 to 2009, and later he joined PT Asuransi Jiwa Sequis Life as Porfolio Manager for 1 year, and later PT MNC Asset Management as Portfolio Manager for 5 years since 2010 to May 2015. He had obtained license as Investment Manager Representative from BAPEPAM & LK according to the Decision Letter of the Head of BAPEPAM & LK Number Kep33/BL/WMI/2010 dated 3 November 2010. 2.5.
THE SHARIA SUPERVISORY BOARD In managing MITRA-SYARIAH, the Investment Committee and Investment Manager Team are supervised by the Sharia Supervisory Board of PT Mandiri Manajemen Investasi. The Sharia Supervisory Board of PT Mandiri Manajemen Investasi consists of 2 (two) persons who have been assigned by the Board of Directors of PT MANDIRI MANAJEMEN INVESTASI according to the letters 4/MMI.CRA.II/2016 and 5/MMI.CRA.II/2016 dated 15 February 2016 as follows: 1. dr. H. Endy M. Astiwara, MA, AAAIJ, CPLHI, ACS, FIIS (Chairman) 2. H. Rahmat Hidayat, SE., MT. (Member) dr. Endy Muhammad Astiwara, MA, AAAIJ, CPLHI, ACS, FIIS He is an active member of the National Sharia Board, Indonesian Council of Ulama, Executive of Indonesia Shariah Insurance Association (AASI) and Chairman for Education and Community Development of Sharia Economic Community (MES). Currently, he has been serving as the Commissioner of PT Muna Muna Artha Sejahtera (domestic & International Cargo) since 2007 and the President Director of PT Fairuz Integrated Business Solution (Finance & Management Consulting) since 2006. Since 1999 he has been serving as the Commissioner of PT Muna Bina Insani (Tour & Travel). He also active as a member of Expert Team for several Issuance of Sharia Bonds in Capital Market since 2003. He worked at PT Asuransi Takaful Keluarga as HR & Services General Manager and Section Head of Health Insurance in 1997, at PT Syarikat Takaful Indonesia (holding company for sharia finance) as HRD Senior Manager in September 2003, Secretary of the Sharia Supervisory Board in 1998, R&D Manager at the end of 1997 and Business Development Manager in 1997. He also had work experiences at Asia Emergency Assistant (AEA), Long Iram, East Kalimantan in 1995; Contract Employee (Compulsory Work Degree) at Ministry of Health of the Republic of Indonesia, East Kalimantan in 1992; International of Islamic Relief Organization as Chief of Health Issues at Indonesia Representative Office and Al-Islam Hospital Bandung and several private clinics. He is also an active writer in Siasat Bisnis column for Bisnis magazine, Jakarta. 14
Endy Muhammad Astiwara obtained his General Practitioner degree from Padjadjaran State University (UNPAD), Bandung, Islamic Study Master degree from Muhammadiyah University Jakarta and currently continue his study at Doctorate Program of Sharia Department (Islamic Law) of Faculty of Postgraduate of Syarief Hidayatullah State Islamic University (UIN), Jakarta. Endy Muhammad Astiwara obtained title of Expert Adjunct Indonesian Life Insurance (AAAIJ) issued by Indonesian Insurance Expert Management Association (AAMAI) which is recognized in Indonesia. In profession certification, he is the holder of Certified Professional of Life & Health Insurance (CPLHI) issued by LOMA. Associate, Customer Services (ACS) issued by Life Office Management Association (LOMA), Life Insurance and Market Research Association, certification on Sharia Insurance profession of Fellow of Islamic Insurance Society (FIIS) issued by Islamic Insurace Society (IIS). H. Rahmat Hidayat, SE., MT. He works at the Ministry of Housing as the Head of Planning Department and active as member of Sharia Supervisory Board for PT Mandiri Manajemen Investasi. Previously he was Junior Planner at Directorate of Religious Affairs and Education of National Development Planning Agency since 2004, Section Head of Institutional and Religious Life Facilities at Directorate of Religious Affairs and Education of National Development Planning Agency since 2001. In 2000 he served as the Head of Sub-Department of Institutional and Religious Life Facilities at Bureau of Religious Affairs, Education, Culture and Sport (APKO), National Development Planning Agency (BAPPENAS); Department Head of Institutional and Religious Life Facilities at Bureau of Religious Affairs, Education, Culture and Sport (APKO), BAPPENAS in 1999. He was also the Planner Staff for Bureau of Religious Affairs, Education, Culture and Sport (APKO), BAPPENAS in 1998, the Planner Staff at Center for Development Documentation and Information, BAPPENAS in 1995 and the Planner Staff at Bureau of Monitoring and Control of Overseas Economic Cooperation (PPKELN), BAPPENAS in 1994. He had served as Section Head of Institutional Religious Facilities and Infrastructures at Directorate of Religious Affairs and Education of BAPPENAS; Lecturer at Faculty of Sharia, State Islamic University (UIN), Jakarta; Lecturer at Faculty of Economics of Tarumanagara University, Jakarta; Lecturer at Faculty of Economics of Trisakti University, Jakarta; Researcher and Consultant at Science and Technology Development Center (PPST) of Indonesia University, and Management Consultant at PT Pusbangtani and PT Konsulindotama in 1991. He obtained his Bachelor degree at the Faculty of Sharia of Hasyim Asy’ari University in 1983 and Bachelor degree at The Faculty of Economics of Jember University in 1990, Master degree of Development Study at Bandung Institute of Technology in 2001, and currently works for his doctorate dissertation at Universitas Kebangsaan Malaysia (UKM).
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2.6
FINANCIAL STATEMENTS SUMMARY The following table is the financial summary of MANDIRI INVESTA ATRAKTIFSYARIAH MUTUAL FUND for the years ended 31 December 2015 and 2014 audited by Public Accountant Santoso Chandra, S.E., M.M., Ak., CPA from the Accountant Office of Paul Hadiwinata, Hidajat, Arsono, Achmad, Suharli & Rekan. 2015
2014
Return on investment (%)
(15.30)
20.97
Return on investment after marketing expenses (%)
(17.18)
18.58
Operating expenses (%)
3.07
3.24
Portfolio turnover
0.83
1 : 1.18
-
12.38
Taxable income percentage
The table provided above is only to help to understand the past performances of the Mutual Fund. Past performance or achievements described in the table are not indicative of current or future performance.
16
CHAPTER III INVESTMENT MANAGER 3.1.
INVESTMENT MANAGER OVERVIEW PT Mandiri Manajemen Investasi is domiciled in Jakarta, was established based on Notarial Deed No.54 dated 26 October 2004 of Imas Fatimah, SH, notary public in Jakarta, which was then approved by the Minister of Justice and Human Rights of the Republic of Indonesia No.C-29615 HT.01.TH.2004 dated 7 December 2004 and published in Supplement to Official Gazette of the Republic of Indonesia No.21 dated 15 March 2005. The Articles of Association of PT Mandiri Manajemen Investasi were amended entirely in order to comply with Law of the Republic of Indonesia Number 40 of 2007 on Company as specified in Deed No.19 dated 14 August 2008, which was established in front of Lenny Janis Ishak, S.H., notary public in Jakarta. Such amendment of the Articles of Association had been approved by the Minister of Justice and Human Rights of the Republic of Indonesia by Decision Letter No.AHU-72425.AH.01.02.Tahun 2008 dated 13 October 2008 and registered in the Company List under No.AHU0094805.AH.01.09.Tahun 2008 dated 13 October 2008. The Articles of Association of PT Mandiri Manajemen Investasi were lastly amended by Deed No.24 dated 8 April 2015 by virtue of a resolution of the General Meeting of Shareholders, established before Lenny Janis Ishak, S.H., notary public in South Jakarta, and had been received by and listed in the Database of Legal Entity Administration System of Ministry of Justice and Human Rights of the Republic of Indonesia under No. AHU-AH.01.03-0925815 dated 21 April 2015 and registered in the Company List under No. AHU3494793.AH.01.11.TAHUN 2015 dated 21 April 2015. PT Mandiri Manajemen Investasi is a legal entity established as the result of activities spin-off of PT Mandiri Sekuritas in the area of province of Investment Manager services, according to the Decision of the Chairman of BAPEPAM No.KEP-48/PM/2004, dated 28 December 2004, therefore all management activities including rights and obligations have been passed from PT Mandiri Sekuritas to PT Mandiri Manajemen Investasi. The activities spin-off of PT Mandiri Sekuritas in the area of province of Investment Manager services became an independent business unit named PT Mandiri Manajemen Investasi and was commenced in order to develop business and professionalism independence in Capital Market activities. With respect to to the spin-off, there were no operational changes including investor’s asset managed, except the initial management responsibility of PT Mandiri Sekuritas was switched to PT Mandiri Manajemen Investasi. PT Mandiri Manajemen Investasi obtained a Securities Company license as Investment Manager from the Chairman of BAPEPAM (Indonesia Capital Market Supervisory Agency) No.KEP-11/PM/MI/2004 dated 28 December 2004.
17
The Investment Manager’s Board of Directors and Commissioners The Board of Directors and Commissioners of PT Mandiri Manajemen Investasi when this Prospectus is published are: Board of Directors President Director Director Director
: Muhammad Hanif : Ferry Indra Zen : Endang Astharanti
Board of Commissioners Chairman/Independent Commissioner : Anton Hermanto Gunawan Commissioner : Elina Wirjakusuma 3.2.
INVESTMENT MANAGER EXPERIENCES According to its establishment process, PT Mandiri Manajemen Investasi is a legal entity established as a result of activities spin-off of PT Mandiri Sekuritas in Investment Manager area. PT Mandiri Manajemen Investasi experience as an Investment Manager was from PT Mandiri Sekuritas, since PT Bumi Daya Sekuritas and PT Merincorp Securities as the merged securities company obtained licenses as Investment Manager from the Chairman of BAPEPAM No.04/PM-MI/1993 dated 22 October 1993 which was awarded to PT Bumi Daya Sekuritas and No.KEP05/PM-MI/1995 which was awarded to PT Merincorp Securities. Both securities companies had comprehensive experiences in managing clients’ fund. Most of the funds managed are Non-Mutual Funds. Both securities companies inherited a new character which represented a mixed of characters and abilities to manage securities investment problems in capital market and money market related to investments owned by several State-owned companies (BUMN) as clients of PT Bank Bumi Daya (Limited), PT Bank Ekspor Impor Indonesia (Limited) and PT Bank Merincorp. The following is the list of Mutual Funds managed as of December 2015: 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16.
RD Mandiri ASA Sejahtera RD Mandiri Dynamic Equity RD Mandiri Investa Atraktif RD Mandiri Investa Atraktif Syariah RD Mandiri Investa Ekuitas Dinamis RD Mandiri Investa Ekuitas Syariah RD Mandiri Investa Equity ASEAN 5 Plus RD Mandiri Investa Equity Dynamo Factor RD Mandiri Investa Equity Movement RD Mandiri Investa UGM Endowment Plus RD Mandiri Saham Atraktif RD Mandiri Aktif RD Mandiri Investa Aktif RD Mandiri Investa Dynamic Balanced Strategy RD Mandiri Investa Syariah Berimbang RD Investa Dana Dollar Mandiri 18
17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30. 31. 32. 33. 34. 35. 36. 37. 38. 39. 40. 41. 42. 43. 44. 45. 46. 47. 48. 49. 50. 51. 52. 53. 54. 55. 56. 57. 58. 59. 60. 61. 62. 63. 64. 65. 66. 67. 68. 69. 70. 71.
RD Mandiri Investa Dana Obligasi 2 RD Mandiri Investa Dana Pendapatan Optimal RD Mandiri Investa Dana Pendapatan Optimal 2 RD Mandiri Investa Dana Syariah RD Mandiri Investa Dana Utama RD Mandiri Investa Keluarga RD Mandiri Investa Obligasi Selaras RD Mandiri Obligasi Utama RD Tugu Mandiri Mantap RD Mandiri Obligasi Optima RD Mandiri Dana Optima RD Mandiri Investa Pasar Uang RD Mandiri Kapital Dollar Optima RD Mandiri Kapital Prima RD Mandiri Kapital Syariah RD Mandiri Investa Capital Protected Dollar Fund RD Mandiri Dana Protected Berkala 5 RD Terproteksi Mandiri Seri 10 RD Terproteksi Mandiri Seri 13 RD Terproteksi Mandiri Seri 14 RD Terproteksi Mandiri Seri 15 RD Terproteksi Mandiri Seri 16 RD Terproteksi Mandiri Seri 17 RD Terproteksi Mandiri Seri 18 RD Terproteksi Mandiri Seri 19 RD Terproteksi Mandiri Seri 20 RD Terproteksi Mandiri Seri 21 RD Terproteksi Mandiri Seri 24 RD Terproteksi Mandiri Seri 25 RD Terproteksi Mandiri Seri 26 RD Terproteksi Mandiri Seri 28 RD Terproteksi Mandiri Seri 29 RD Terproteksi Mandiri Seri 3 RD Terproteksi Mandiri Seri 30 RD Terproteksi Mandiri Seri 31 RD Terproteksi Mandiri Seri 32 RD Terproteksi Mandiri Seri 33 RD Terproteksi Mandiri Seri 34 RD Terproteksi Mandiri Seri 35 RD Terproteksi Mandiri Seri 36 RD Terproteksi Mandiri Seri 37 RD Terproteksi Mandiri Seri 41 RD Terproteksi Mandiri Seri 6 RD Terproteksi Mandiri Seri 7 RD Terproteksi Mandiri Syariah Seri 12 RD Terproteksi Mandiri Syariah Seri 23 RD Terproteksi Mandiri Dolar RD Terproteksi Mandiri Dolar 2 RD Terproteksi Mandiri Protected Dynamic seri 4 RD Terproteksi Mandiri Protected Dynamic seri 8 RD Terproteksi Mandiri Protected Dynamic Syariah seri 2 RD Terproteksi Mandiri Protected Dynamic Syariah seri 3 RD Terproteksi Mandiri Protected Dynamic Syariah seri 4 RD Terproteksi Mandiri Protected Smart seri 10 RD Terproteksi Mandiri Protected Growth Dollar 19
with total Mutual Fund managed by PT Mandiri Manajemen Investasi exceeded Rp28.1 trillion as of December 2015. PT Mandiri Manajemen Investasi had also established cooperation with the following high-reputated banks to sell Mutual Funds products: Bank Mandiri, Bank Syariah Mandiri, ANZ Indonesia, Commonwealth Bank, Standard Chartered Bank, The Hongkong and Shanghai Banking Corporation Limited (HSBC), CIMB Niaga Bank, Permata Bank, Bank Internasional Indonesia, DBS Indonesia Bank, UOB Buana, Citibank., N.A, Philips Sekuritas, QNB Bank, and Mandiri Sekuritas. 3.3
INVESTMENT MANAGER AFFILIATED PARTIES The affiliated parties of the Investment Manager are PT Bank Mandiri (Persero), Tbk, PT Mandiri Sekuritas, PT Bank Syariah Mandiri, PT Bank Mandiri Taspen Pos (MANTAP), PT Mandiri Tunas Finance, PT Mandiri Utama Finance, PT Mandiri InHealth, PT AXA Mandiri Financial Services, PT AXA Mandiri General Insurance, Mandiri Investment Management PTE LTD, PT Digital Artha Media, Mandiri DPLK, Dana Pensiun Bank Mandiri, Dana Pensiun Bank Mandiri 1, Dana Pensiun Bank Mandiri 2, Dana Pensiun Bank Mandiri 3, Dana Pensiun Bank Mandiri 4, PT Estika Daya Mandiri, PT Asuransi Staco Mandiri, PT Mulia Sasmita Bhakti, PT Krida Upaya Tunggal, PT Wahana Optima Permai, PT Pengelola Investama Mandiri, and Koperasi Kesehatan Pegawai & Pensiunan Bank Mandiri (Mandiri Healthcare).
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CHAPTER IV CUSTODIAN BANK 4.1
CUSTODIAN BANK OVERVIEW Deutsche Bank AG was established according to laws and regulations of the Federal Republic of Germany, is domiciled and has head office in Frankfurt am Main, the Federal Republic of Germany. Established in 1870, today Deutsche Bank AG has developed to become one prominent financial institution worldwide which provides first class, vast and integrated banking services. In Indonesia, Deutsche Bank AG has one office in Jakarta and one branch office in Surabaya. Its total employees in Indonesia are 308 where 123 of them are experienced staffs under custody department. Deutsche Bank AG, Jakarta branch has been approved as a Custodian in the capital market according to the Decision Letter of the Chairman of Capital Market Supervisory Agency No. Kep-07/PM/1994 dated 19 January 2004, therefore it is registered and supervised by the OJK.
4.2.
CUSTODIAN BANK EXPERIENCES Deutsche Bank AG, Jakarta branch has provided custodian service since 1994, and fund services which include administration and fund custodian services since 1996. Deutsche Bank AG, Jakarta branch is the first custodian bank which provides fund services, while the first mutual fund product launched in 1996 was a closed-end mutual fund. Furthermore, Deutsche Bank AG, Jakarta branch became a pioneer and consistently provide fund services for mutual fund products and other products for domestic markets such as insurance product (unit-linked fund), pension plan, discretionary fund, syariah fund, and others. The full support provided by Deutsche Bank AG, Jakarta branch to its customers during financial crisis in Indonesia capital market and other Asia countries in 1997 had resulted in full customer trust until now. It was proven by consistently perform as the market leader in fund services in Indonesia, both in regard with the amount of mutual funds and the total Net Asset Value administered. The customers of Deutsche Bank AG, Jakarta branch are ranging from domestic or foreign bases, from various business fields such as banks, investment managers, insurances, mutual funds, pension plans, investment banks, brokers-dealers, companies, and others.
4.3.
CUSTODIAN BANK AFFILIATED PARTIES The affiliated parties/companies of the Custodian Bank in Indonesia are PT. Deutsche Securities Indonesia and PT Deutsche Verdhana Indonesia.
21
CHAPTER V INVESTMENT OBJECTIVE, INVESTMENT POLICY, MECHANISM FOR PURIFICATION OF ASSETS OF MITRA-SYARIAH FROM PARTICULAR SUBSTANCES THAT CONFLICT WITH SHARIA PRINCIPLES IN CAPITAL MARKET AND PROVISION OF EXCESS/DEFICIT ON PROFIT SHARING REVENUE, AND PROFIT SHARING POLICY Considering the regulations and laws applicable, and other provisions in MITRASYARIAH Collective Investment Contract, therefore the Investment Objective, Investment Policy, Mechanism for Purification of Assets of MITRA-SYARIAH from Particular Substances that Conflict with Sharia Principles in Capital Market and Provision of Excess/Deficit on Profit Sharing Revenue, and Profit Sharing Policy of MITRA-SYARIAH are as follows: 5.1.
INVESTMENT OBJECTIVE MITRA-SYARIAH objective is to provide attractive growth rate of long-term investment value through investment in Equity Sharia Securities in accordance with Islamic Sharia. The Islamic Sharia guideline for MITRA-SYARIAH refers to the Decision of the Chairman of Capital Market and Financial Institutions Supervisory Agency and Fatwa issued by the National Sharia Board, Indonesian Council of Ulama (DSN-MUI).
5.2.
INVESTMENT POLICY Portfolio composition targets for MITRA-SYARIAH are: minimum of 80% (eighty percent) to maximum of 98% (ninety-eight percent) in Equity Sharia Securities offered in Public Offerings and/or listed in Indonesia Stock Exchange, and minimum of 0% (zero percent) to maximum of 18% (eighteen percent) in Sharia Bonds (Sukuk) offered in Public Offerings and/or listed in Indonesia Stock Exchange, and minimum of 2% (two percent) to maximum of 20% (twenty percent) in money market instruments which have less than 1 (one) year maturity date issued in accordance with applicable laws and regulations. Securities
Minimum
Maximum
Sharia bonds (Sukuk)
0%
18%
Money Market instruments in accordance with Islamic Sharia with maturity date of less than 1 (one) year
2%
20%
Equity Sharia Securities
80%
98%
The shift of investment towards the maximum or minimum is not a guarantee that the investment will be better or worse than the targeted composition.
22
The abovementioned investment policy shall not contradict the Sharia Principles in Capital Market and MITRA-SYARIAH will only invest in the securities listed in the Sharia Securities List approved bu the OJK or other parties acknowledged by the OJK The abovementioned investment policy shall be fulfilled by the Investment Manager no later than 120 (one hundred and twenty) Exchange Days after MITRA-SYARIAH is declared effective by the OJK. 5.3.
INVESTMENT RESTRICTIONS In accordance with the Rule of BAPEPAM & LK No. IV.B.1, in managing the MITRA-SYARIAH, the Investment Manager is prohibited: a. To purchase Securities traded on foreign Stock Exchange whose information is not accessible through mass media or any available Internet facility; b. To purchase Securities traded on foreign Stock Exchange whose information is accessible through mass media or any available Internet facility with the value of more than 15% (fifteen percent) of the Net Asset Value of MITRA-SYARIAH, except the Securities issued by the Government of the Republic of Indonesia, the Issuer, and/or Public Company in accordance with the Indonesian Capital Market laws and regulations applicable; c. To purchase Securities issued by Indonesian or foreign corporation which are traded in foreign Stock Exchange with the value of more than 5% (five percent) of the paid-in capital of such corporation and more than 10% (ten percent) of Net Asset Value of MITRA-SYARIAH at any time; d. To purchase Equity Securities of a company listed in Indonesian Stock Exchange with the value of more than 5% (five percent) of the paid-in capital of the company; e. To purchase Securities issued by a corporation with the value of more than 10% (ten percent) of the Net Asset Value of MITRA-SYARIAH at any time. This restriction also applies to commercial papers issued by banks, excluding Bank Indonesia certificates and Securities issued by the Government of the Republic of Indonesia and/or international financial institution where the Government of the Republic of Indonesia is among of the members; f. To perform hedging transaction on the purchase of Securities traded on foreign Stock Exchange which is greater than the value of Securities purchased; g. To purchase Asset-backed Securities with the value of more than 10% (ten percent) of Net Asset Value of MITRA-SYARIAH under the condition that every type of the Asset-backed Securities has the value of no more than 5% (live percent) of the Net Asset Value of MITRASYARIAH; h. To purchase Securities which are not issued through a Public Offering and/or not listed in Indonesian Stock Exchanges, except for Securities already ranked by Securties rating company, Money Market Securities, Securities as stipulated in letter b above, and Securities issued by the Government of the Republic of Indonesia and/or international financial institution where the Government of the Republic of Indonesia is among of the members; 23
i.
j.
k. l. m. n. o.
p.
q. r.
s.
To purchase Securities issued by any party affiliated to the Investment Manager with the value of more than 20% (twenty percent) of the Net Asset Value of MITRA-SYARIAH, unless such affiliation is a result of government participation; To purchase Securities issued by the Unit Holder and/or affiliated Parties of the Unit Holder according to the commitment agreed by the Investment Manager and the Unit Holder and/or the affiliated parties of the Unit Holder; To be involved in any activity other than Securities investing, reinvesting or trading; To be involved in any short selling; To purchase any Securities on margin; To issue bond or credit Securities; To be involved in any type of loan, except short term loan related to the settlement of transaction, and such loan shall not be more than 10% (ten percent) of the value of MITRA-SYARIAH portfolio at the time of purchase; To purchase Securities which are being offered in a Public Offering, whose the Securities Company acting as the Investment Manager is the same as that of the Underwriter or the Affiliates of the Investment Manager is the Underwriter for such Securities except the affiliation is a result of the Government ownership or participation; To enter into any joint transaction or profit-sharing contract with the Investment Manager or its Affiliates; To purchase Asset-backed Securities offered in a Public Offering: (i) whose Investment Manager is the same as that of MITRASYARIAH; (ii) by the Investment Manager Affiliates; and/or (iii) where the Investment Manager of MITRA-SYARIAH is affiliated with the Initial Creditor of the Asset-backed Securities; and To purchase Asset-backed Securities that are not offered in a Public Offering and not rated by Securities Rating company.
In managing MITRA-SYARIAH, the Investment Manager shall also consider the investment restrictions stipulated in the Rule of BAPEPAM & LK No. IX.A.13 as the followings: a. The Investment policy of MITRA-SYARIAH shall not conflict with Sharia Principles in Capital Market; b. The fund under management of MITRA-SYARIAH could only be invested in: (1) Stocks which are on the Sharia Securities List (DES) determined by the OJK; (2) Rights Issue of sharia and sharia warrants; (3) Sukuk (Sharia Bonds) that have been offered in Public Offerings and/or traded in Indonesia Stock Exchange; (4) Stocks which are on the Sharia Securities List issued by the Parties acknowledged by the OJK; (5) Sukuk which complies with Sharia Principles in Capital Market traded in foreign Stock Exchange and is on the Sharia Securities List (DES) determined by the Parties acknowledged by the OJK; (6) Sharia Asset-Backed Securities which comply with Sharia Principles in Capital Market and have been rated by Securties rating company; 24
(7)
c.
Sharia commercial papers which comply with Sharia Principles in Capital Market and have been rated by Securties rating company and on the Sharia Securities List (DES) determined by the Parties acknowledged by the OJK; (8) Sharia Securities which comply Sharia Principles in Capital Market issued by international institutions where the Government of the Republic of Indonesia is among of the members; and/or (9) Domestic sharia money market instruments which have maturity date of less than 1 (one) year, either in Rupiah or any foreign currency. The Investment Manager should only invest in securities issued by issuers whose business activities do not conflict with Sharia Principles. Business activities in conflict with Sharia Principles are: i. Gambling and games considered as gambling; ii. Prohibited trading according to sharia, which among other things, includes: a) trading without delivery of goods/services; b) trading with false offer/request; iii. Usury financial services, which among other things, include: a) interest-based bank; and b) interest-based financial company; iv. Buying and selling of risk which contains ambiguity (gharar) and or gambling (maisir), which among other things, includes conventional insurance; v. Producing, distributing, trading, and/or providing: (1) Products or services that are forbidden because of its contents (haram li-dzatihi); (2) Products or services that are forbidden not because of its contents (haram li-ghairihi) but because they are stated forbidden by DSN-MUI; and/or (3) Products and/or services that can deprave one’s morals and are useless (mudarat); vi. Performing transaction which involves bribery (risywah).
The investment restrictions are in accordance with the regulations applicable when this Prospectus is published which may changed at any time according to the Government policy in the capital market including the approval letter of the OJK concerning Mutual Fund management in the Form of Collective Investment Contract. In the event of the Investment Manager wish to purchase the Securities traded in foreign Stock Exchange, the actual purchasing of such Securities can be conducted only after the Investment Manager and the Custodian Bank are in agreement concerning purchase, selling, depository and listing procedures, and other Securities purchase related matters.
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5.4.
MECHANISM FOR PURIFICATION OF ASSETS OF MITRA-SYARIAH FROM PARTICULAR SUBSTANCES THAT CONFLICT WITH SHARIA PRINCIPLES IN CAPITAL MARKET AND PROVISION OF EXCESS/DEFICIT ON PROFIT SHARING REVENUE 5.4.1 Mechanism for Purification of Assets of MITRA-SYARIAH from Particular Substances that Conflict with Sharia Principles in Capital Market 5.4.1.1. In case of MITRA-SYARIAH portfolio contains Securities or instruments (commercial papers) that do not comply with Sharia Principles stipulated in the Rule of BAPEPAM & LK No. IX.A.13 and this incidence is not caused by Investment Manager and Custodian Bank actions, then: 1) The Investment Manager has to immediately sell and settle no later than 10 (ten) workdays after: a) The stocks are not identified in the Sharia Securities List with the requirement that the excess value between selling price and fair market value of stocks in the period those stocks are still in Sharia Securities List and are separated from the calculation of Net Asset Value of MITRA-SYARIAH and treated as a social fund; and/or b) Securities or instruments (commercial papers) do not comply with Sharia Principles with the requirement that the excess value between selling price and fair market value of securities or instruments in the period those securities or instruments still comply with Sharia Principles, and are separated from the calculation of Net Asset Value of MITRA-SYARIAH and treated as a social fund. 2) The Custodian Bank must submit to the OJK and Unit Holders the information on the excess value of the Securities or the instruments (commercial papers) and information regarding used of social fund no later than the 12th (twelfth) day of every month (if any). 5.4.1.2.Calculation of excess value of the Securities or the instruments (commercial papers) in MITRA-SYARIAH portfolios which do not compy with Sharia Principles stipulated in the Rule of BAPEPAM & LK No. IX.A.13, is conducted by the Custodian Bank and reported by the Custodian Bank to the Investment Manager. Upon the instruction of the Investment Manager, excess value of Securities or instruments (commercial papers) are separated from the calculation of Net Asset Value and will be maintained in to Social Account and furthermore used for social purposes according to the policy of the Investment Manager and direction from Sharia Supervisory Board of PT Mandiri Manajemen Investasi.
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5.4.1.3.In case of deficit value of stocks and/or Securities or instruments (commercial papers) in MITRA-SYARIAH portfolio and the deficit is caused by such Securities or instruments (commercial papers) do not comply with Sharia Principles stipulated in the Rule of BAPEPAM & LK No. IX.A.13, the the deficit will be reserved by MITRA-SYARIAH and calculated in MITRA-SYARIAH Net Asset Value. 5.4.1.4. Should there is any action of Investment Manager and Custodian Bank that causes MITRA-SYARIAH portfolio to contain Securities or instruments (commercial papers) which do not comply with Sharia Principles stipulated in the Rule of BAPEPAM & LK No. IX.A.13, then the OJK may: 1) prohibit the Investment Manager and Custodian Bank to sell new Participation Units of MITRA-SYARIAH; 2) prohibit the Investment Manager and Custodian Bank to transfer any asset of MITRA-SYARIAH other than for purification of MITRA-SYARIAH assets from any substances that conflict with Sharia Principles in Capital Market; 3) require Investment Manager and Custodian Bank to be mutually responsible for buying the portfolio that conflicts with Sharia Principles in Capital Market at initial cost price in a certain period determined by the OJK; and/or 4) require Investment Manager to make announcement to public regarding the prohibition and/or requirements determined by the OJK referred to in item 1), item 2), and item 3) above, immediately no later than the end of 2nd (second) working day after the letter of the OJK is accepted in 2 (two) Indonesian newspapers that have a nationwide circulation at Manager Investment’s and Custodian Bank’s cost. 5.4.15. If the Investment Manager and/or Custodian Bank do not obey the prohibition and/or do not fulfill the obligation required by the the OJK referred to in point 5.4.1.4. item 1), 2), 3), and 4) above, the OJK has the authority to: (i) substitute the Investment Manager and/or Custodian bank; or (ii) discontinue MITRA-SYARIAH. 5.4.2. Provision of Excess/Deficit on Profit Sharing Revenue If any excess or deficit on profit sharing revenue which is caused by excess or deficit value between real profit sharing revenue and calculated profit sharing which uses indication in valuation of MITRASYARIAH securities portfolio, then the excess or deficit value on profit sharing will be maintained in to MITRA-SYARIAH unless determined otherwise by DSN-MUI.
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5.5.
INVESTMENT PROFIT SHARING POLICY Any profit gained by MITRA-SYARIAH from funds invested will be maintained back into MITRA-SYARIAH, so that will further enhance its Net Asset Value. Without disregarding long-term investment objective achievement, the Investment Manager at any time may share the profit of MITRA-SYARIAH to be directly converted to additional Participation Units. The profit to be shared to MITRA-SYARIAH Unit Holders shall be free from particular substances that conflict with sharia principles; therefore the Investment Manager shall perform the mechanism for purification of MITRASYARIAH assets from particular substances that conflict with sharia principles as referred to in Chapter V poin 5.4 of this Prospectus.
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CHAPTER VI CALCULATION METHOD OF FAIR MARKET VALUE OF SECURITIES IN MITRA-SYARIAH PORTFOLIO The calculation method of fair market value of Securities in MITRA-SYARIAH portfolio applied by the Investment Manager is in accordance with the Rule of BAPEPAM & LK No.IV.C.2. The Rule of BAPEPAM & LK No.IV.C.2 contains, among the others, the following provisions: 1. The Fair Market Value of Securities in a Mutual Fund portfolio shall be calculated and submitted by the Investment Manager to the Custodian Bank no later than 17:00 WIB (5:00 p.m. West Indonesia Standard Time) of each Exchange Day, with the following provisions: a. The calculation of the Fair Market Value of the Securities actively traded in the Stock Exchange shall be based on the closing price of the Securities in the Stock Exchange; b. The calculation of the Fair Market Value of: 1) The Securities traded outside the Stock Exchange (over the counter); 2) The Securities inactively traded in the Stock Exchange; 3) The Securities traded in foreign currency denomination; 4) Domestic money market instruments, as specified in Rule No.IV.B.1 concerning Guidelines for the Management of Mutual Fund in the Form of Collective Investment Contract; 5) Other securities that the transaction must be reported to Beneficiary of Bond Transaction Report as specified in Rule No.X.M.3 concerning Bond Transaction Reporting; 6) Other securities according to Decision of the OJK considered as Mutual Fund Securities Portfolio; and/or 7) Securities of companies that are bankrupt or are in big possibility of bankruptcy, or are in default to pay the principal or interest of the Securities, shall apply fair market value specified by the Bond Pricing Agency (LPHE) as the reference for the Investment Manager. c. In a situation where the closing price of the Securities is not believed to represent the Fair Market Value at that time, the calculation of Fair Market Value of the Securities shall refer to fair market value specified by the LPHE as the reference for the Investment Manager. d. In a situation where the LPHE is not issuing the fair market value of the Securities as referred to in number 2 letter b point 1) to 6), and number 2 letter c of the Rule of BAPEPAM & LK No.IV.C.2, the Investment Manager is obliged to determine the Fair Market Value of the Securities with good will and full responsibility based on the method that applies conservative principle and is applied consistently, while considers, among the others: 1) the previous trading price; 2) other comparable price of similar Securities; and/or 3) fundamental condition of the Securities issuer. e. In a situation where the LPHE is not issuing the fair market value of the Securities of companies that are bankrupt or are in big possibility of bankruptcy, or are in default to pay the principal or interest of the 29
f.
g.
Securities, as specified in number 2 letter b point 7) of the Rule of BAPEPAM & LK No.IV.C.2, the Investment Manager is obliged to determine the Fair Market Value of the Securities with good will and full responsibility based on the method that applies conservative principle and is applied consistently, while considers: 1) the closing price of the Securities traded; 2) the trend in share prices; 3) in case of Debt Securities, general interest rates since the previous trade; 4) material information disclosed with respect to the Securities since the last trade; 5) in the case of shares, the estimated price earnings ratio, shall be compared with the price earnings ratios of similar Securities; 6) in the case of Debt Securities, the current interest rate of the Debt Securities shall be compared with other debt Securities with a similar credit rating; and 7) in the case of Securties derivatives, the recent market price of the related equity Securities. In a situation where the Investment Manager believes that the fair market value specified by the LPHE does not represent Fair Market Value of Securities in Mutual Fund portfolios that shall be discontinued because: 1) being instructed by OJK in accordance with the Capital Market laws and regulations applicable; and/or 2) total Net Asset Value of MITRA-SYARIAH is less than Rp25,000,000,000 (twenty five billion Rupiah) in consecutive 90 (ninety) Exchange Days, The Investment Manager may determine the Fair Market Value of the Securities with good will and full responsibility based on the method that applies conservative principle and is applied consistently. Securities that are traded in currency denominations different with the Mutual Fund currency shall be calculated based on Bank Indonesia current rate of exchange.
2.
Net Asset Value of Mutual Fund shall be calculated using Fair Market Value of Securities determined by the Investment Manager.
3.
Net Asset Value per share or Participation Unit shall be calculated based on the Net Asset Value as of the end of workday, after the bookkeeping entries of the Mutual Fund are closed, but such entries do not include purchase orders and/or redemptions accepted by the Custodian Bank during that same day.
*)
Bond Pricing Agency (Lembaga Penilaian Harga Efek ,LPHE) is a Party that obtains business license from the OJK to perform bond pricing in order to determine fair market value, as specified in Rule No.V.C.3 as the attachment to the Decision of the Chairman of BAPEPAM & LK No. Kep-183/BL/2009 dated 30 June 2009 concerning Bond Pricing Agency.
The Investment Manager and the Custodian Bank shall comply with the provisions stipulated in the Rule of BAPEPAM & LK No.IV.C.2 described above while also comply with the OJK rules, policies, and approvals which may be issued or acquired after the publication of this Prospectus.
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CHAPTER VII TAXATION In accordance with the Taxation Regulations applicable, the Income Taxes (PPh) applied on income from Mutual Fund in the form of Collective Investment Contract are as follows: Description a. Dividend sharing
*
Income Tax Applicable General Income Tax
Legal Foundation Art. 4 (1) Income Tax Law
b. Bond Interest
Final Income Tax*
Art. 4 (2) and Art. 17 (7) Income Tax Law jis. Art. 2 (1) and Art. 3 GR No.16/2009 and Art. 1 number (2) GR No.100/2013
c. Capital Gain/ Bond Discount
Final Income Tax*
Art. 4 (2) and Art. 17 (7) Income Tax law jis. Art. 2 (1) and Art. 3 GR No.16/2009 and Art. 1 number (2) GR No.100/2013
d. Bank Indonesia Certificate Interest and Discount
Final Income Tax (20%)
Art. 2 GR No.131/2000 jo. Art. 3 Decree of the Minister of Finance of the Republic of Indonesia No.51/KMK.04/2001
e. Shares Capital Gain at the Exchange
Final Income Tax (0.1%)
GR No.41/1994 jo. Art. 1 GR No.14/1997
f. Commercial Paper other Bonds
General Income Tax
Art. 4 (1) Income Tax Law
In accordance with the Government Regulation of the Republic of Indonesia No.16/2009 (“GR No.16/2009”) jo. the Government Regulation of the Republic of Indonesia No.100/2013 (“GR No.100/2013”), the Income Tax (PPh) on Bond interest and/or discount received by Mutual Fund Taxpayer registered at the OJK is: 1) 5% for 2014 up to 2020; and 2) 10% for 2021 onwards.
The taxation information above was created by the Investment Manager based on its knowledge and understanding in regard to the taxation regulations applicable during the creation of this Prospectus. If in the later days there are changes or differences in the interpretation of the taxation regulations applicable, the Investment Manager shall adjust the taxation information described above. Foreign investors are suggested to consult with tax advisor in regard to the investment taxation applicable prior to purchase the Participation Unit of MITRASYARIAH.
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Conditions to be Considered by Prospective Unit Holders Although the Investment Manager has taken measures considered necessary to ensure MITRA-SYARIAH complies with the applicable taxation regulations and has obtained advices from tax advisor, the change of and/or different interpretation to applicable taxation regulations may result in material impact that detrimental to MITRA-SYARIAH, Unit Holders’ income after tax, protection rate over capital, and final redemption value. In the event of any tax to be paid by the Unit Holders in accordance with taxation laws and regulations applicable, notification to the Unit Holders concerning the tax to be paid will be conducted by delivering noted letter to the Unit Holders immediately after the Investment Manager acknowledges the existence of the tax to be paid by the Unit Holders. When the above conditions occur, the Investment Manager may conduct early redemption. In early redemption situation, there is the possibility that Unit Holders will receive nett redemption value that materially lower than its capital protection rate.
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CHAPTER VIII INVESTMENT BENEFITS AND MAJOR RISK FACTORS The Unit holder of MITRA-SYARIAH may obtain the following investment benefits: a.
Professional Management Management of investment portfolio in the form of deposits with commercial bank, instrument selection, bank selection, allocation period determination and its investment administration requires systematic analysis, continuous monitoring, and fast and appropriate (market timing) investment decision. In addition, it also requires particular expertise and vast connection with various parties to manage a diversified investment portfolio. This will be time and concentration consuming to the investor if he/she does it by him/her-self. Through MITRA-SYARIAH, the investors may experience benefits because they will free from the matters by trusting the tasks to the professional Investment Manager.
b.
Investment Diversification For investment except commercial papers guaranteed by the Bank Indonesia or the Government of the Republic of Indonesia which are low risk, the investment diversification is required to reduce the investment risks. When the investment fund is relatively small, it is hard to obtain diversification benefits without losing the opportunity to gain better investment return. Through MITRA-SYARIAH where the funds are collected from many parties, the investment diversification will be easier to be conducted.
c.
Investment Value Growth Potential By the fund accumulation from many parties, MITRA-SYARIAH has bargaining power to gain higher interest rate and lower investment costs, and access to investment instruments which are harder to be obtained by individual. This will provide the equal opportunity to all of the Unit Holder to gain the relatively better investment return according to the risk level.
d.
Investment Withdrawal Convenience The Open-ended Mutual Fund enables the investor to withdraw his/her Participation Unit on every Exchange Day by redeeming the Participation Unit he/she holds to the Investment Manager. This will provide high liquidity to the investors.
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While the investment risks in MITRA-SYARIAH may be caused by several factors such as: 1.
The Risk of Economic and Political Changes The changes of or the deteroration of domestic and foreign economical and political conditions or the regulation changes may affect the income perspective that may affect the performance of the commercial banks with whom deposits are made by MITRA-SYARIAH invests to. Such matters will also affect the performance of MITRA-SYARIAH investment portfolio.
2.
Default Risk The Investment Manager will try to provide the best investment return to the Unit Holders. But in extraordinary (force majeure) conditions, the commercial paper issuers may default in fulfilling their obligations. Such matters will affect the investment return of MITRA-SYARIAH.
3.
Liquidity Risk In the event of a high redemption rate submitted by the Unit Holders occurs in short period, the cash payment by Investment Manager by withdrawing the MITRA-SYARIAH portfolio may be delayed. In extraordinary (force majeure) conditions or events (both predictable and non-predictable) beyond the Investment Manager control, the redemption may be suspended temporarily according to the provisions in Collective Investment Contract and the OJK Regulations.
4.
Reduction of Net Asset Value per Participation Unit Risk The value per Participation Unit of MITRA-SYARIAH may change due to the increase or the decreasw of the Mutual Fund Net Asset Value. The event of Net Asset Value per Participation Unit decreasing may be caused, for example, by price changes of the securities portfolio.
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CHAPTER IX COST AND FEE ALLOCATIONS In MITRA-SYARIAH management, there are costs charged to MITRA-SYARIAH, the Investment Manager and the Unit Holder. The cost details and allocations are the following: 9.1.
COSTS TO BE CHARGED TO MITRA-SYARIAH
a. Investment Manager fee amounting maximum of 3% (three percent) per year, which is calculated on daily basis from Net Asset Value of MITRASYARIAH based on 365 (three hundred sixty-five) days per year and to be paid monthly; b. Custodian Bank fee amounting minimum of 0.15% (zero poin fifteen percent) to maximum of 0.25% (zero point twenty five percent) per year, which is calculated on daily basis from Net Asset Value of MITRA-SYARIAH based on 365 (three hundred sixty-five) days per year and to be paid monthly; c. Securities transaction and registration fees; d. Prospectus printing and renewal distribution costs, including yearly financial statements to the Unit Holder after MITRA-SYARIAH is declared effective by the OJK; e. The newspaper costs to place news/notifications regarding Collective Investment Contract change plan and/or prospectus (if any), and Collective Investment Contract changes after MITRA-SYARIAH is declared effective by the OJK; f. Distribution costs for Participation Unit Transaction Confirmation Letter to the Holders of Participation Units after MITRA-SYARIAH is declared effective by the OJK; g. Printing and distribution costs for purchase order confirmation receipt, redemption order confirmation receipt, and investment switch order confirmation receipt after MITRA-SYARIAH is declared effective by the OJK; h. Printing and distribution costs for Monthly Report after MITRA-SYARIAH is declared effective by the OJK; i. Auditor service fee for yearly financial statements audit after MITRASYARIAH is declared effective by the OJK; j. Tax expenses related to the fees and costs paid above. 9.2.
COSTS TO BE CHARGED TO THE INVESTMENT MANAGER
a. Preparation costs for the establishment of MITRA-SYARIAH which includes Collective Investment Contract, Initial Prospectus and required documents publication costs including Accountant, Legal Consultant and Notary Public service fees; b. Administrative costs for MITRA-SYARIAH portfolio management which include telephony, facsimile, photocopy and transportation costs; c. Marketing costs which include MITRA-SYARIAH brochures printing, promotional, and advertising costs;
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d. Issuance and distribution costs for MITRA-SYARIAH Account Opening Form, Profile of Prospective Unit Holder Form, Participation Unit Subscription Form (if any), Participation Unit Redemption Form (if any) and Investment Switch Form (if any); and e. Service fees for Legal Consultant, Accountant, Notary Public and other costs on third party (if any) regarding MITRA-SYARIAH discontinuity and liquidation on its assets. 9.3
COSTS TO BE CHARGED TO THE UNIT HOLDER a. Participation Unit subscription fee amounting maximum of 1% (one percent) of Participation Unit purchase value to be charged when the Unit Holders purchase MITRA-SYARIAH Participation Units. b. Participation Unit redemption fee amounting maximum of 1% (one percent) of Participation Unit redemption value for ownership period up to 1 (one) year and 0% (zero percent) for ownership period more than 1 (one) year, to be charged when the Unit Holders redeem their MITRA-SYARIAH Participation Units. c. Switching fee amounting maximum of 1% (one percent) of investment switch transaction value, to be charged when the Unit Holders switch their investments in MITRA-SYARIAH to other Sharia Mutual Funds managed by the Investment Manager, except Money Market Mutual Funds and Protected Mutual Funds. d. Bank transfer or book entry costs (if any) related to the Participation Unit purchase by the Unit Holder, return of money remains from the rejected Participation Unit subscription, withdrawal of entire Participation Units below minimum level in Participation Unit ownership, payment for Participation Unit redemption, and profit sharing to the account of the Unit Holder. e. Taxes related to the Unit Holder and the fees above (if any).
9.4.
Legal Consultant, Notary Public and/or Accountant service fees after MITRA-SYARIAH is declared effective shall be charged to the Investment Manager, Custodian Bank and/or MITRA-SYARIAH based on parties obtaining benefits or conducting errors that require such professional services.
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9.5.
COST ALLOCATION TYPE
%
DESCRIPTION
Charged to MITRA-SYARIAH a. Investment Manager fee
0.15% Min. 0.25% Max.
per year of Net Asset Value of MITRA-SYARIAH which is calculated on daily basis in 365 days per year and to be paid monthly
a. Subscription fee
1% Max.
of Participation Unit purchase value.
b. Redemption fee
1% Max.
of Participation Unit redemption value, for up to 1 (one) year ownership period
b. Custodian Bank fee
3% Max.
Charged to the Unit Holder
0% c. Switching fee
for more than 1 (one) year ownership period
1% Max.
d. All bank charges
If any
e. Taxes related to the Unit Holder
If any
of switch transaction value
The above costs exclude corresponding taxes in accordance with applicable taxation laws and regulations in Indonesia
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CHAPTER X UNIT HOLDER ENTITLEMENTS Complying with the requirements written in MITRA-SYARIAH Collective Investment Contract, a Unit Holder of MITRA-SYARIAH is entitled to: a.
Receive Profit Sharing according to the Profit Sharing Policy The Unit Holder is entitled to receive profit sharing according to the Profit Sharing Policy.
b.
Redeem the Participation Unit of MITRA-SYARIAH Partially or Entirely The Unit Holder is entitled to redeem MITRA-SYARIAH Participation Units partially or entirely to the Investment Manager on every Exchange Day according to terms and conditions stipulated in Chapter XIII of this Prospectus.
c.
Switch MITRA-SYARIAH Investment Partially or Entirely The Unit Holder is entitled to switch partial or entire investment in MITRASYARIAH to other Mutual Funds managed by the Investment Manager, except Money Market Mutual Funds and Protected Mutual Funds according to terms and conditions stipulated in Chapter XIV of this Prospectus.
d.
Receive the Participation Withdrawal due to the Participation Unit Ownership is Less than the Minimum Balance If the Participation Unit ownership of MITRA-SYARIAH balance is less than the Minimum Balance of Participation Unit required on the redemption day, the Investment Manager is entitled to close the account of such Unit Holder, to withdraw all remaining Participation Units according to Net Asset Value per Participation Unit at the end of Exchange Day of such account closing and returns the withdrawn funds of the Unit Holder in Rupiah currency to the account appointed by the Unit Holder.
e.
Receive MITRA-SYARIAH Proof of Ownership in the Form of Participation Unit Transaction Confirmation Letter The Unit Holder will receive Participation Unit Transaction Confirmation Letter which delivered no later than 7 (seven) Exchange Days after (i) payment and purchase application for MITRA-SYARIAH Participation Unit from the Unit Holder is compete and received in complete application by the Investment Manager or Selling Agent appointed by the Investment Manager and the payment is received by the Custodian Bank in good fund; (ii) redemption application for MITRA-SYARIAH Participation Unit from the Unit Holder is compete and received by the Investment Manager or Selling Agent appointed by the Investment Manager in complete application; and (iii) investment switch application in MITRA-SYARIAH from the Unit Holder is complete and received by the Investment Manager or the Selling Agent appointed by the Investment Manager in complete application.
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Participation Unit Transaction Confirmation Letter will state the amount of purchased and redeemed Participation Units, switched and owned investment and Net Asset Value per Participation Unit when such Participation Units are purchased and redeemed and switched. f.
Receive Information Regarding Daily Participation Unit Net Asset Value and MITRA-SYARIAH Performance The Unit Holder is entitled to receive information of Daily Participation Unit Net Asset Value and MITRA-SYARIAH performance in the last 30 days and the last 1 (one) year which are published in particular daily newspaper.
g.
Receive Periodic Financial Statements
h.
Receive Monthly Report
i.
Receive the Liquidation Sharing Proportionally based on the Participation Unit Ownership in the Case of MITRA-SYARIAH is Discontinued and Liquidated In the case of MITRA-SYARIAH is discontinued and liquidated, then the liquidation result shall be shared proportionally based on the composition of Participation Units amount owned by each Unit Holder.
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CHAPTER XI DISCONTINUITY AND LIQUIDATION 11.1. THE EVENTS CAUSING MITRA-SYARIAH SHALL BE DISCONTINUED MITRA-SYARIAH which is operational since it is declared effective by OJK shall be discontinued, when one of the following events occurs: a. In 60 (sixty) Exchange Days, MITRA-SYARIAH which its Registration Statement has been declared effective but the fund managed is less than Rp25,000,000,000 (twenty five billion Rupiah); and/or b. Being instructed by OJK in accordance with the Capital Market laws and regulations applicable; and/or c. Total Net Asset Value of MITRA-SYARIAH is less than Rp25,000,000,000 (twenty five billion Rupiah) in consecutive 90 (ninety) Exchange Days; and/or d. The Investment Manager and the Custodian Bank are in agreement to discontinue MITRA-SYARIAH. 11.2. MITRA-SYARIAH DISCONTINUITY AND LIQUIDATION PROCESS In the event of MITRA-SYARIAH has to be discontinued due to the event mentioned in point 11.1 letter a above, the Investment Manager has to: i) submit the event report to OJK and announce MITRA-SYARIAH discontinuity, liquidation, and liquidation result sharing plans to the Unit Holders at least in 1 (one) Bahasa Indonesia newspaper with national circulation, no later than 2 (two) Exchange Days since such condition is not complied; ii) instruct the Custodian Bank to pay the liquidation result funds to the Unit Holders based on proportional calculation of Net Asset Value at the discontinuity period but may not be lower than the initial Net Asset Value (par value) and such funds shall be received by the Unit Holders no later than 7 (seven) Exchange Days since such condition is not complied; and iii) declare MITRA-SYARIAH dicontinuity no later than 10 (ten) Exchange Days since MITRA-SYARIAH is discontinued. In the event of MITRA-SYARIAH has to be discontinued due to the event mentioned in point 11.1 letter b above, the Investment Manager has to: i) announce MITRA-SYARIAH discontinuity, liquidation, and liquidation result sharing plans at least in 1 (one) Bahasa Indonesia newspaper with national circulation, no later than 2 (two) Exchange Days since the instruction issued by OJK, and on the same day inform in writing to the Custodian Bank to suspend the calculation of Net Asset Value of MITRASYARIAH; ii) instruct the Custodian Bank to pay the liquidation result funds to the Unit Holders based on proportional calculation of Net Asset Value at the discontinuity period and the funds shall be received by the Unit Holders no later than 7 (seven) Exchange Days since MITRA-SYARIAH discontinuity instruction issued by OJK; and
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iii)
submit MITRA-SYARIAH discontinuity, liquidation, and liquidation result sharing reports to OJK no later than 2 (two) months since MITRA-SYARIAH discontinuity instruction issued by OJK, attached with Legal Consultant and Accountant opinions, and MITRA-SYARIAH Discontinuity and Liquidation Notarial Deed from the Notary Public.
In the event of MITRA-SYARIAH has to be discontinued due to the event mentioned in point 11.1 letter c above, the Investment Manager has to: i) submit the event report to OJK attached with latest MITRA-SYARIAH financial statements and announce MITRA-SYARIAH discontinuity, liquidation, and liquidation result sharing plans to the Unit Holders at least in 1 (one) Bahasa Indonesia newspaper with national circulation, no later than 2 (two) Exchange Days since such event occurs and on the same day inform in writing to the Custodian Bank to suspend the calculation of Net Asset Value of MITRA-SYARIAH; ii) instruct the Custodian Bank to pay the liquidation result funds to the Unit Holders based on proportional calculation of Net Asset Value at the liquidation period and the funds shall be received by the Unit Holders Bank Indonesia than 7 (seven) Exchange Days since the liquidation completed; and iii) submit MITRA-SYARIAH discontinuity, liquidation, and liquidation result sharing reports to OJK Bank Indonesia than 2 (two) months of Exchange Day since it is discontinued, attached with Legal Consultant and Accountant opinions, and MITRA-SYARIAH Discontinuity and Liquidation Notarial Deed from the Notary Public. In the event of MITRA-SYARIAH has to be discontinued due to the event mentioned in point 11.1 letter d above, the Investment Manager has to: i) submit the information to OJK Bank Indonesia than 2 (two) Exchange Days since the agreement to discontinue MITRA-SYARIAH between the Investment Manager and the Custodian Bank and attach: a) MITRA-SYARIAH discontinuity and liquidation agreement between the Investment Manager and the Custodian Bank; b) discontinuity reasons; and c) latest financial status; and on the same day announce MITRA-SYARIAH discontinuity, liquidation, and liquidation result sharing plans to the Unit Holders at least in 1 (one) Bahasa Indonesia newspaper with national circulation and inform in writing to the Custodian Bank to suspend the calculation of Net Asset Value of MITRA-SYARIAH; ii)
iii)
instruct the Custodian Bank to pay the liquidation result funds to the Unit Holders based on proportional calculation of Net Asset Value at the liquidation period and the funds shall be received by the Unit Holders Bank Indonesia than 7 (seven) Exchange Days since the liquidation completed; and submit MITRA-SYARIAH discontinuity, liquidation, and liquidation result sharing reports to OJK Bank Indonesia than 2 (two) months since it is discontinued, attached with Legal Consultant and Accountant opinions, and MITRA-SYARIAH Discontinuity and Liquidation Notarial Deed from the Notary Public.
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11.3. After the announcement of MITRA-SYARIAH discontinuity, liquidation, and liquidation result sharing plans, the Unit holders may not conduct the redemption. 11.4. LIQUIDATION RESULTS SHARING The Investment Manager has to ensure that MITRA-SYARIAH liquidation results are shared proportionally based on the composition of Participation Unit amount owned by each Unit Holder. In the event of any liquidation result funds are not yet withdrawn by the Unit Holders after the date of liquidation result funds sharing to the Unit Holders established by the Investment Manager, therefore: a. If the Custodian Bank has announced such funds status to the Unit Holders 3 (three) times with 2 (two) weeks intervals between each announcement and has also announced it in daily newspaper with national circulation, therefore the funds shall be deposited in a checking account with regards to the Unit Holder in the Custodian Bank for 30 (thirty) years period; b. Any cost incured due; and c. In the event of in 30 (thirty) years the fund is not withdrawn by the Unit Holder, therefore the Custodian Bank has to surrender the fund to the Government of the Republic of Indonesia with regards to the development of Capital Market industry. 11.5. In the event of MITRA-SYARIAH is discontinued and liquidated, therefore MITRA-SYARIAH discontinuity and liquidation costs including Legal Consultant and Accountant service fees and other third party costs will be charged to and shall be paid by the Investment Manager to the specified parties. The detailed information regarding the Discontinuity and Liquidation can be found in the Collective Investment Contract of MITRA-SYARIAH available at PT Mandiri Manajemen Investasi and and Deutsche Bank A.G., Jakarta Branch.
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CHAPTER XII PARTICIPATION UNIT PURCHASE REQUIREMENTS AND PROCEDURES 12.1. PARTICIPATION UNIT PURCHASE Prior to purchase the Participation Unit of MITRA-SYARIAH, the prospective Unit Holder has to read and understand the content of MITRA-SYARIAH Prospectus and the provisions included. MITRA-SYARIAH Account Opening Form, Profile of Prospective Unit Holder Form, and Participation Unit Subscription Form can be obtained from the Investment Manager or the the Selling Agent appointed by the Investment Manager. 12.2. PARTICIPATION UNIT SUBSCRIPTION PROCEDURES The prospective Unit Holder who will purchase the Participation Unit of MITRA-SYARIAH has to open an account at the bank appointed by the Investment Manager, complete and sign MITRA-SYARIAH Account Opening Form and Profile of Prospective Unit Holder Form, attach the copy of ID (ID Card for local individual or Passport for foreign individual; and copy of Articles of Association, Taxpayer Code Numbers (NPWP) and ID Card/Passport of the official for corporation) and other supporting documents in accordance with the Know the Client Principle by Financial Service Provider in the Capital Market as stipulated in the Rule of BAPEPAM & LK No.V.D.10, as an Attachment to the Decision of the Chairman of BAPEPAM & LK No.Kep-476/BL/2009 dated 23 December 2009 (”The Rule of BAPEPAM & LK No.V.D.10”). Account Opening Form and Profile of Prospective Unit Holder Form shall be completed and signed by the prospective Holder of the Participation Unit prior to conduct initial purchase of MITRA-SYARIAH Participation Unit. The Participation Unit of MITRA-SYARIAH is purchased by the prospective Unit Holder by completing MITRA-SYARIAH Participation Unit Subscription Form attached with payment receipt. The written application of MITRA-SYARIAH Participation Unit Subscription attached with payment receipt and ID copy to be submitted directly to the Investment Manager or inderectly to the Selling Agent appointed by the Investment Manager. In the event of any violation of the provisions stipulated in the Rule of BAPEPAM & LK No.V.D.10 is believed to occur, the Investment Manager or the Selling Agent appointed by the Investment Manager has to reject the Participation Unit subscription from the prospective Unit Holder. The Participation Unit purchase by such prospective Unit Holder shall be conducted in accordance with terms and conditions in MITRA-SYARIAH Collective Investment Contract, Prospectus, and Account Opening Form. The Participation Unit purchase by Prospective Unit Holder which violates such terms and conditions will not be processed. 43
12.3. MINIMUM AMOUNT OF PARTICIPATION UNIT PURCHASE The minimum amount of initial and future purchases of MITRA-SYARIAH Participation Unit per Unit Holder is Rp50,000 (fifty thousand Rupiah). 12.4. PARTICIPATION UNIT PURCHASE PRICE Each Participation Unit of MITRA-SYARIAH is offered with the price equals to its initial Net Asset Value amounting Rp1.000,- (one thousand Rupiah) on the first offering day. Furthermore the purchase price of each Participation Unit of MITRA-SYARIAH shall be determined based on Net Asset Value of MITRASYARIAH at the end of current Exchange Day. 12.5. PARTICIPATION UNIT PURCHASE PROCESSING MITRA-SYARIAH Participation Unit Subscription Form attached with payment receipt and ID copy which has been accepted completely and approved by the Investment Manager or Selling Agent appointed by the Investment Manager (if any) no later than 13:00 WIB (1:00 p.m. West Indonesia Standard Time), and the payment for such purchase has been received in good fund by the Custodian Bank on the same Exchange Day, therefore the purchase will be processed by the Custodian Bank based on Net Asset Value of MITRASYARIAH at the end of the same Exchange Day. MITRA-SYARIAH Participation Unit Subscription Form attached with payment receipt and ID copy which has been accepted completely and approved by the Investment Manager or Selling Agent appointed by the Investment Manager (if any) after 13:00, and the payment for such purchase has been received in good fund by the Custodian Bank no later than the following Exchange Day, therefore the purchase will be processed by the Custodian Bank based on Net Asset Value of MITRA-SYARIAH on the following Exchange Day. 12.6. PARTICIPATION UNIT PERIODIC PURCHASE The Prospective Unit Holder may purchase MITRA-SYARIAH Participation Units periodically at the Investment Manager or the Selling Agent appointed by the Investment Manager (if any) that may facilitate the periodic purchase of participation units provided that the purchase is stated in writing and upon approval of the Prospective Unit Holder as specified in the Subscription Form of MITRA-SYARIAH Participation Units. The Investment Manager is obliged to ensure the readiness of Participation Units periodic selling as well as the payment system for periodic selling of the Participation Units. The Investment Manager, the Custodian Bank, and Selling Agent appointed by the Investment Manager (if any) will agree the structure of Participation Units Subscription Form to be used for the purchase of MITRA-SYARIAH Participation Units periodically in order to facilitate the purchase where the periodic purchase of MITRA-SYARIAH Participation Units can be purchased only by completing and signing the Subscription Form when the investor conducts initial purchase of MITRA-SYARIAH Participation Units periodically. The Subscription Form for initial periodic purchase will be treated as the complete Subscription Form for future purchase of MITRA-SYARIAH Participation Units periodically to the expiration of the period for periodic 44
purchase of Participation Units as described in the Periodic Subscription Form of Participation Units. A Periodic Subscription Form of Participation Units will describe at least: date of periodic purchase, the amount of Participation Units purchased periodically, and the valid period for periodic purchase of the Participation Units. In details, a Periodic Subscription Form of Participation Units will describe, at least, the following information: (a) Date of periodic purchase; (b) Identitiy of Prospective Investor of Participation Units Periodic Purchase including, at least: name, address, phone number, and e-mail address; (c) Source of fund to purchase Participation Units periodically; (d) Information of bank account of prospective investor of Participation Units periodic purchase; (e) Investment objectives; (f) Name of the purchased Mutual Funds; (g) Amount of periodic purchase, including its cost (if any); and (h) Valid period of Participation Units periodic purcase. The provision of documents to be completed and signed by the Unit Holder as referred to in point 12.2 above are Profile of Mutual Funds Investor Form and the supplementing documentation in accordance with the principle of Knowing the Client of Financial Service Provider in the Capital Market as regulated in the Rule of BAPEPAM & LK No.V.D.10, that shall be completed by the Prospective Holder of Participation Units prior to the initial purchase of MITRA-SYARIAH Participation Units. MITRA-SYARIAH Participation Unit Subscription Form for periodic purchase considered accepted in complete application by the Investment Manager or the Selling Agent appointed by the Investment Manager (if any) on the date specified in the initial Participation Unit Subscription Form for periodic purchase will be processed by the Custodian Bank based on based on Net Asset Value of MITRA-SYARIAH at the end of the same Exchange Day when the payment for Participation Unit periodic purchase is received in good funds by the Custodian Bank. When the date of payment receipt is not an Exchange Day, the periodic purchase of Participation Units will be processed by the Custodian Bank based on Net Asset Value of MITRA-SYARIAH on the following Exchange Day. When the date specified on the Participation Unit Subscription Form for initial periodic purchase is not an Exchange Day, the subscription form for MITRA-SYARIAH Participation Units periodic purchase will be considered accepted in complete application by the Investment Manager or the Selling Agent appointed by the Investment Manager (if any) on the following Exchange Day. 12.7. PAYMENT REQUIREMENTS The payment of Participation Unit purchase is made by book entry or transfer in Rupiah currency from the account of the Unit Holder at the bank appointed by the Investment Manager to the following MITRA-SYARIAH account at the Custodian Bank:
45
Bank : Deutsche Bank AG, Jakarta Branch Account : REKSA DANA MANDIRI INVESTA ATRAKTIF-SYARIAH Number : 00.84863.009 or Bank
: PT Bank Mandiri (Persero). Tbk Indonesia Stock Exchange Branch, Jakarta Account : REKSA DANA MANDIRI INVESTA ATRAKTIF-SYARIAH Number : 104.000.441.3964 The book entry or transfer fee, if any, will be charged to prospective Unit Holder. 12.8. PARTICIPATION UNIT SUBSCRIPTION APPROVAL, PARTICIPATION UNIT TRANSACTION CONFIRMATION LETTER, AND MONTHLY REPORT The Investment Manager and the Custodian Bank are entitled to accept or reject the Participation Unit subscription, entirely or partially. To the subscription of Participation Unit which is rejected entirely or partially, the purchase or remaining funds will be returned by the Investment Manager on behalf of prospective Unit Holder without interest by book entry or transfer in Rupiah currency to the account registered to the prospective Unit Holder. The Investment Manager or the Selling Agent appointed by the Investment Manager must deliver the confirmation receipt of Participation Unit purchase ordered by the prospective Unit Holder or Unit Holder no later than 1 (one) Workday after order is received provided that all payments had been received in good fund and Participation Unit Subscription Form of MITRA-SYARIAH from the prospective Unit Holder or Unit Holder is complete and received in complete application. The Custodian Bank will issue Participation Unit Transaction Confirmation Letter no later than 7 (seven) Exchange Days after MITRA-SYARIAH Participation Unit application from the Unit Holder is completed and received in complete application by the Investment Manager or the Selling Agent appointed by the Investment Manager and the payment is received by Custodian Bank in good fund. Participation Unit Transaction Confirmation Letter describes the purchased and owned Participation Units, and Net Asset Value of Participation Unit when the Participation Units are purchased In addition to the Participation Unit Transaction Confirmation Letter, the Unit Holder will also receive Monthly Report. Participation Unit Transaction Confirmation Letter serves as proof of ownership of MITRA-SYARIAH Participation Units. The Investment Manager will not issue a certificate as proof of ownership of MITRA-SYARIAH Participation Unit
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CHAPTER XIII PARTICIPATION UNIT REDEMPTION REQUIREMENTS AND PROCEDURES 13.1. PARTICIPATION UNIT REDEMPTION The Unit Holder may redeem MITRA-SYARIAH Participation Units entirely or partially and the Investment Manager has to buy such Participation Units on any Exchange Day. 13.2. PARTICIPATION UNIT REDEMPTION PROCEDURES The Participation Unit redeemed by the Unit Holder is conducted by completing the MITRA-SYARIAH Participation Unit Redemption Form submitted directly to the Investment Manager or inderectly to Selling Agent appointed by the Investment Manager. Participation Unit redemption has to comply with the terms and conditions stipulated in MITRA-SYARIAH Collective Investment Contract, Prospectus, and Participation Unit Redemption Form. The Participation Unit redemption application which violates such terms and conditions will not be processed. 13.3. PARTICIPATION UNIT REDEMPTION MINIMUM AMOUNT AND OWNERSHIP MINIMUM BALANCE The minimum amount for redemption of MITRA-SYARIAH Participation Unit for each Unit Holder is Rp50,000 (fifty thousand Rupiah) per transaction. The minimum balance of Participation Unit of MITRA-SYARIAH to be maintained by the Unit Holder is Rp50,000 (fifty thousand Rupiah). If the remaining balance of MITRA-SYARIAH Participation Unit ownership is less than the minimum balance of Participation Unit according to the requirements on the redemption day, therefore the Investment Manager is entitled to close such Participation Unit account, to withdraw the remaining Participation Unit owned by such Unit Holder, and return the withdrawn funds according to Net Asset Value per Participation Unit at the end of the Exchange Day when such account is closed by book entry or transfer in Rupiah currency to the account appointed by the Unit Holder. 13.4. PARTICIPATION UNIT REDEMPTION MAXIMUM AMOUNT The Investment Manager is entitled to limit the redemption amount of MITRA-SYARIAH Participation Unit in 1 (one) Exchange Day up to 20% (twenty percent) of total Net Asset Value of MITRA-SYARIAH on the redemption day. In the case of the Investment Manager receives or keeps the Participation Unit redemption application in 1 (one) Exchange Day which exceeds 20% (twenty percent) of total Net Asset Value of MITRA-SYARIAH issued on the current Exchange Day, therefore such exceeding redemption application will be processed and maintained by Custodian Bank upon Investment Manager instruction, and to be considered as redemption application on the following
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Exchange Day which arranged by the Investment Manager based on firstcome first-served method. 13.5. PARTICIPATION UNIT REDEMPTION PAYMENT The payment of Participation Unit redemption shall be conducted by book entry or transfer in Rupiah currency to the account registered to the Unit Holder. Transfer/book entry cost, if any, will be charged to the Unit Holder. The payment of MITRA-SYARIAH Participation Unit redemption shall be paid immediately, no later than 7 (seven) Exchange Days since the redemption application which completed according to terms and conditions stipulated in Collective Investment Contract, Prospectus and Participation Unit Redemption Form of MITRA-SYARIAH, is completely received by the Investment Manager or Selling Agent appointed by the Investment Manager. 13.6. PARTICIPATION UNIT REDEMPTION PRICE MITRA-SYARIAH Participation Unit redemption price is the price of each Participation Unit on a defined Exchange Day, detemined based on MITRASYARIAH Net Asset Value at the end of such Exchange Day. 13.7. PARTICIPATION UNIT REDEMPTION PROCESSING MITRA-SYARIAH Participation Unit Redemption Form which is completed according to terms and conditions stipulated in MITRA-SYARIAH Collective Investment Contract, Prospectus and Redemption Form, and is completely received by the Investment Manager or Selling Agent appointed by the Investment Manager no later than 13:00 WIB (1:00 p.m. West Indonesia Standard Time), therefore the form will be processed by the Custodian Bank based on MITRA-SYARIAH Net Asset Value at the end of the Exchange Day. MITRA-SYARIAH Participation Unit Redemption Form which is completed according to the requirements in MITRA-SYARIAH Collective Investment Contract, Prospectus and Redemption Form, and is completely received by the Investment Manager or Selling Agent appointed by the Investment Manager after 13:00 WIB, therefore the form will be processed by the Custodian Bank based on MITRA-SYARIAH Net Asset Value at the end of the following Exchange Day. 13.8. PARTICIPATION UNIT REDEMPTION ORDER CONFIRMATION RECEIPT AND TRANSACTION CONFIRMATION LETTER The Investment Manager or the Selling Agent appointed by the Investment Manager has to submit Participation Unit redemption order confirmation receipt from the Unit Holder no later than 1 (one) Workday after the instruction is received, provided that the Participation Unit Redemption Form is received from the Unit Holder in complete application.
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The Custodian Bank will issue and deliver Participation Unit Transaction Confirmation Letter which mentions such as the amount of Participation Unit redeemed or owned and Net Asset Value of each Participation Unit when the Participation Unit is redeemed no later than 7 (seven) Exchange Days after MITRA-SYARIAH Redemption application from the Unit Holder is received by the Investment Manager and Selling Agent appointed by the Investment Manager in complete application. 13.9 PARTICIPATION UNIT REDEMPTION REJECTION After submitting written notice to the OJK with carbon copy submitted to the Custodian Bank, Investment Manager may reject redemption application or instruct Selling Agent appointed by the Investment Manager to reject MITRA-SYARIAH Participation Unit redemption application, when any of the following events occurs: (i) The Stock Exchange where most of MITRA-SYARIAH Securities portfolio being traded is closed; or (ii) Securities trading on most of MITRA-SYARIAH Securities portfolio in the Stock Exchange is suspended; or (iii) Force majeure situation according to Article 5 letter k of Law No.8/1995 on Capital Market and and the implementing regulations. The Investment Manager has to submit written notification regarding the events to the Holders of Participation Units no later than 1 (one) Exchange Day after the date of redemption instruction from the Unit Holder is received by the Investment Manager. The Custodian Bank is prohibited to issue new Participation Unit during the period of Participation Unit redemption rejection.
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CHAPTER XIV INVESTMENT SWITCH REQUIREMENTS AND PROCEDURES 14.1. INVESTMENT SWITCH The Unit Holder may switch his/her investment partially or entirely in MITRA-SYARIAH to other Sharia Funds and vice versa, which are managed by the Investment Manager, except Money Market Mutual Funds and Protected Mutual Funds Investment switch from MITRA-SYARIAH is limited to maximum of 2 (two) times a year. The entitlement to perform such switch is not intended to provide flexibility to the Unit Holders to switch between the Mutual Funds in the short term. 14.2. INVESTMENT SWITCH PROCEDURES Investment switch is performed by completing and submitting Investment Switch Form to Investment Manager or the Selling Agent appointed by the Investment Manager. Such investment switch shall be conducted according to terms and conditions stipulated in MITRA-SYARIAH Collective Investment Contract, Prospectus, and related Mutual Fund Investment Switch Form. Investment switch requested by the Unit Holder which violates related Mutual Fund terms and conditions will not be processed. 14.3. INVESTMENT SWITCH PROCESSING Investment switch from MITRA-SYARIAH to other Mutual Funds is processed by the Investment Manager by redeem MITRA-SYARIAH Participation Units owned by the Unit Holder and sell such other Mutual Fund Participation Units as requested by the Unit Holder. Investment switch from other Sharia Funds to MITRA-SYARIAH is processed by the Investment Manager by redeem other Sharia Funds owned by the Unit Holder and sell MITRA-SYARIAH Participation Units as requested by the Unit Holders. Complete Investment Switch Form which is received in by Investment Manager or Selling Agent appointed by the Investment Manager no later than 13:00 WIB will be processed by Custodian Bank based on Net Asset Value of related Mutual Funds at the end of the following Exchange Day. Regarding to such matter, the Investment Manager has to submit such investment switch application to Custodian bank no later than 17.00 WIB on the same Exchange Day.
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Complete Investment Switch Form which is received in by Investment Manager or Selling Agent appointed by the Investment Manager after 13.00 WIB will be processed by Custodian Bank based on Net Asset Value of related Mutual Funds at the end of the following Exchange Day. Regarding to such matter, the Investment Manager has to submit such investment switch application to Custodian bank no later than 17.00 WIB on the following Exchange Day. Investment switch application rejection or approval depends on the availability of the addressed Mutual Fund Participation Units. Investment fund of the Unit Holder whose investment switch application is approved by the Investment Manager or the Selling Agent appointed by the Investment Manager, will be transferred by Custodian Bank to the addressed Mutual Fund account, as soon as possible no later than 7 (seven) Exchange Days as from the date of the Investment Switch Form is completely received by the Investment Manager or the Selling Agent appointed by the Investment Manager. 14.4. INVESTMENT SWITCH MINIMUM AMOUNT AND PARTICIPATION UNIT OWNERSHIP MINIMUM BALANCE Applicable switching minimum amount and Participation Unit ownership minimum balance equals to Redemption Minimum Amount and Ownership Minimum Balance of related Mutual Funds. If the Participation Unit ownership balance is less than the Minimum Balance of Participation Unit required on the Exchange Day of such investment switch, the Investment Manager is entitled to close the account of such Unit Holder, to withdraw all remaining Participation Units according to Net Asset Value per Participation Unit at the end of Exchange Day of such account closing and returns the withdrawn funds of the Unit Holder in Rupiah currency by book entry or transfer to the account appointed by the Unit Holder. 14.5. INVESTMENT SWITCH ORDER CONFIRMATION RECEIPT AND PARTICIPATION UNIT TRANSACTION CONFIRMATION LETTER The Investment Manager or the Selling Agent appointed by the Investment Manager has to deliver confirmation receipt of investment switch order from the Holder of Participation no later than 1 (one) Workday after such order is received, provided that the Investment Switch Form from the Unit Holder is received in complete application. The Custodian Bank will issue and deliver Participation Unit Transaction Confirmation Letter which mentions switched and owned investment and Net Asset Value per Participation Unit at the time of investment switched no later than 7 (seven) Exchange Days after investment switch application in MITRA-SYARIAH from the Unit Holder is received by the Investment Manager or the Selling Agent appointed by the Investment Manager in complete application.
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CHAPTER XV UNIT HOLDER COMPLAINT SETTLEMENT 15.1. COMPLAINT i.
Complaint is an expression of Unit Holder dissatisfaction caused by the loss and/or potential financial loss of the Unit Holder arising from errors or negligence of the Investment Manager and/or Custodian Bank, according to their respective positions, authority, duties, and obligations in accordance with the Contract and laws and regulations applicable to the Investment Manager and/or the Custodian Bank.
ii.
Complaint of the Unit Holder is submitted to the Investment Manager, to be resolved by the Investment Manager with the mechanism referred to in Complaint Settlement Mechanism Sub Chapter.
iii.
In the event of the complaint relates to the function of the Custodian Bank, the Investment Manager will notify the complaint to the Custodian Bank, and the Custodian Bank must resolve the complaint with the mechanism referred to in Unit Holder Complaint Settlement Chapter – Complaint Settlement Mechanism Sub Chapter.
15.2. COMPLAINT SETTLEMENT MECHANISM i.
The Investment Manager will serve and resolve the Unit Holder complaint.
ii.
The Investment Manager will immediately perform a follow-up and resolve the Unit Holders complaint no later than 20 (twenty) workdays after the date the complaint is received.
iii.
The Investment Manager may extend the period referred to in point ii above in accordance with the terms and conditions set forth in the OJK Circular Letter on Services and Client Complaint Settlement in Financial Services Business.
iv.
The period extension of complaint settlement referred to in point iii above will be notified in writing to the Unit Holder who files the complaint before the period referred to in item ii ended.
v.
The Investment Manager provides information about the status of the Unit Holder complaint through various communication media provided by the Investment Manager among others, through the website, mail, electronic mail, or telephone.
vi.
The Financial Services Authority can request or access the progress status of complaint submitted by the Unit Holder to the Investment Manager.
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15.3. COMPLAINT SETTLEMENT The Investment Manager can resolve the complaint in accordance with the internal arrangements that refer to the provisions specified in the OJK Circular Letter on Services and Client Complaint Settlement in Financial Services business. 15.4. COMPLAINT SETTLEMENT THROUGH DISPUTE RESOLUTION In case no agreement is reached for complaint settlement as referred to in Complaint Settlement Sub Chapter above, the Unit Holder and the Investment Manager can perform Dispute Resolution as set out further in Dispute Resolution Chapter. 15.5. COMPLAINT SETTLEMENT REPORTING The Investment Manager will report periodically the complaints and the follow-up service and settlement of complaints to the OJK in accordance with the provisions stipulated in the OJK Circular Letter on Services and Client Complaint Settlement in Financial Services business.
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CHAPTER XVI DISPUTE RESOLUTION In the event of the dispute can not be resolved asreferred to in Chapter XV of this Prospectus, the Unit Holder and the Investment Manager and/or the Custodian Bank will work on the Dispute Resolution through the Indonesian Capital Market Arbitration Board (Badan Arbitrase Pasar Modal Indonesia, BAPMI) in accordance with the Law No.30 of 1999 on Arbitration and Alternative Dispute Resolution, including the amendments, as well as the provisions of MITRA-SYARIAH Collective Investment Contract with the following procedures: a. The arbitration process will be held in Jakarta, Indonesia in Bahasa Indonesia; b. In the arbitration process, the Arbiter Tribunal will consist 3 (three) Arbiters with at least 1 (one) Arbiter is a legal consultant registered at the OJK as capital market supporting profession; c. Arbiter appointment shall be completed no later than 30 (thirty) Calendar Days after the agreement for complaint settlement is not reached where each disputant must appoint 1 (one) Arbiter; d. In maximum of 14 (fourteen) Calendar Days after since the appointment of two Arbiters by the disputants, the appointed two Arbiters must appoint the third Arbiter as Arbiter Tribunal Chairman; e. If there is no agreement in the appointment of the third Arbiter, the selection and appointment of the Arbiter will be handed over to BAPMI Chairman in accordance with BAMPI regulations and procedures. f. The award of Arbiter Tribunal is final, binding, and having legal forces to all disputants and shall be excersised byt the disputants. The disputants agree and promise that they will not contest or omit the award of BAPMI Arbiter Tribunal at any court; g. To exercise the award of BAPMI Arbiter Tribunal, the disputants agree to define permanent and unchanged domicile (jurisdiction) in the Secretariat of Central Jakarta State Court, Jakarta; h. All costs incurred in relation with the Arbitration process will be borne by each disputant, unless the Arbiter Tribunal decides otherwise; and i. All rights and obligations of the disputants shall remain applicable during the Arbitration process.
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CHAPTER XVII MITRA-SYARIAH PARTICIPATION UNIT PURCHASE, REDEMPTION, AND INVESTMENT SWITCH SCHEMES 17.1. PARTICIPATION UNIT PURCHASE SCHEMES
Purchase without through Selling Agent
Required forms and documents
Client
Investment Manager
Rejected
Custodian Bank
Approved
Transaction Confirmation Letter
Money
Purchase through Selling Agent
Required forms and documents
Client
Investment Manager
Selling Agent
Rejected
Approved
Money
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Custodian Bank
Transaction Confirmation Letter
17.2. PARTICIPATION UNIT REDEMPTION SCHEMES
Redemption without through Selling Agent
Client
Completing Participation Unit Redemption Form
Investment Manager
Custodian Bank
Money
New Transaction Confirmation Letter
Redemption through Selling Agent
Client
Completing Participation Unit Redemption Form
Selling Agent
Investment Manager
Money
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Custodian Bank
New Transaction Confirmation Letter
17.3. INVESTMENT SWITCH SCHEMES
Switch through Investment Manager
Money Client
Completing Investment Switch Form
Investment Manager
Addressed Funds
Custodian Bank
New Transaction Confirmation Letter
Switch through Selling Agent
Money Client
Completing Investment Switch Form
Selling Agent
Investment Manager
Custodian Bank
New Transaction Confirmation Letter
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Addressed Funds
CHAPTER XVIII DISSEMINATION OF PROSPECTUS AND FORMS RELATED TO PARTICIPATION UNIT SUBSCRIPTION 18.1. The Participation Unit of MITRA-SYARIAH Information, Prospectus, Account Opening Form, Profile of Prospective Unit Holder Form, and Subscription Form (if any) can be obtained from the office of the Investment Manager and the Selling Agents appointed by the Investment Manager. Please contact the Investment Manager for further information. 18.2. To avoid delay in delivery of MITRA-SYARIAH yearly report and other information concerning investment, the Unit Holder is expected to immediately submit the information concerning address changes to the Investment Manager or Selling Agent appointed by the Investment Manager where the Unit Holder purchases the Participation Unit.
Investment Manager PT Mandiri Manajemen Investasi Plaza Mandiri, 29th floor Jln. Jend. Gatot Subroto Kav. 36-38 Jakarta 12190 - Indonesia Telephone (021) 526 3505 Facsimile (021) 526 3506 Care Center (021) 527 3110 www.mandiri-investasi.co.id
Custodian Bank Deutsche Bank AG, Jakarta Branch Deutsche Bank Building, 4th floor Jl. Imam Bonjol No.80 Jakarta 10310 - Indonesia Telephone (021) 2964 4137 / 2964 4141 Facsimile (021) 2964 4130 / 2964 4131
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CHAPTER XIX COMPLAINT HANDLING WORKING UNIT In the event of any complaint, the Unit Holder may follow below procedures: 1. The Unit Holder may file a complaint about products and/or services to PT Mandiri Manajemen Investasi by contacting the following address: Unit Kerja Complaint Handling PT Mandiri Manajemen Investasi Jl. Jenderal Gatot Subroto Kav 36-38 Jakarta Pusat Telephone : (021) 5273110 On Exchange Day* (09.00-12.00 and 13.00-15.30 WIB) E-mail :
[email protected] Website : www.mandiri-investasi.co.id 2. Client is required to complete administrative requirements prior to obtaining complaint handling and resolution. The administrative requirements are: ID Card: KTP (Resident ID Card) and NPWP (Taxpayer Identification Number) Complaint details 3. The resolution of client complaint shall be completed no later than 20 (twenty) workdays after the complaint is filed. 4. In accordance with the OJK regulations, for particular conditions, follow-up and resolution of client complaint can be extended to a maximum period of the following 20 (twenty) workdays. *)
An Exchange Day is any day since Monday to Friday on which a Stock Exchange is open for business, unless the day is a national vacation day or stated as vacation day by Indonesia Stock Exchange.
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CHAPTER XX ACCOUNTANT OPINION REGARDING FINANCIAL STATEMENTS
(This page is intended to be emptied)
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1
Reksa Dana Mandiri Investa Atraktif Syariah Laporan keuangan tanggal 31 Desember 2015 dan untuk tahun yang berakhir pada tanggal tersebut beserta laporan auditor independen/ Financial statements as of December 31, 2015 and for the year then ended with independent auditors’ report
DAFTAR ISI/ CONTENTS
Halaman/ Page Surat Pernyataan Manajer Investasi
Investment Manager Statement Letter
Surat Pernyataan Bank Kustodian
Custodian Bank Statement Letter
Laporan Auditor Independen
Independent Auditors’ Report
Laporan Keuangan Laporan Posisi Keuangan Laporan Laba Rugi dan Penghasilan Komprehensif Lain
Financial Statements 1
2-3
Statements of Financial Position Statements of Profit or Loss and Other Comprehensive Income
Laporan Perubahan Aset Bersih yang dapat Diatribusikan kepada Pemegang Unit Penyertaan
4
Statements of Changes in Net Asset Attributable to Holders of Investment Unit
Laporan Arus Kas
5
Statements of Cash Flows
Laporan Sumber dan Penyaluran Dana Zakat
6
Statements of Sources and Distribution of Zakat
Laporan Sumber dan Penggunaan Dana Kebajikan
7
Statements of Sources and Uses of Qardhul Hasan Funds
Catatan atas Laporan Keuangan
8-34
Notes to the Financial Statements
REKSA DANA MANDIRI INVESTA ATRAKTIF SYARIAH LAPORAN POSISI KEUANGAN 31 Desember 2015 dan 2014
REKSA DANA MANDIRI INVESTA ATRAKTIF SYARIAH STATEMENTS OF FINANCIAL POSITION December 31, 2015 and 2014
(Stated in Rupiah, unless otherwise stated)
(Dalam Rupiah, kecuali dinyatakan khusus)
2015
Catatan/ Notes
2014
ASET
ASSETS
Aset lancar
Current assets
Portofolio efek Instrumen pasar uang Efek ekuitas (harga perolehan Rp 279.814.001.946 pada tahun 2015 dan Rp 174.333.784.315 pada tahun 2014)
13.500.000.000
2b,3
265.413.680.417
2b,3
Jumlah portofolio efek
278.913.680.417
Kas di bank Piutang bagi hasil Piutang dividen Aset lain-lain JUMLAH ASET
13.848.586.439 14.728.767 53.648.023 102.762.577
Securities portfolio 5.000.000.000 Money market insruments Equity instruments (cost of Rp 279,814,001,946 in 2015 and Rp 174,333,784,315 192.216.649.261 in 2014)
2b,4 2b,5 2b,6 11a
292.933.406.223
197.216.649.261
Total securities portofolio
9.078.046.525 8.087.671 26.907.050 545.287.245
Cash in bank Profit sharing receivables dividend receivables Other assets
206.874.977.752
LIABILITAS
LIABILITIES
Liabilitas lancar Utang transaksi efek Uang muka atas pemesanan unit penyertaan Utang atas pembelian kembali unit penyertaan Biaya yang masih harus dibayar Utang pajak JUMLAH LIABILITAS ASET BERSIH YANG DAPAT DIATRIBUSIKAN KEPADA PEMEGANG UNIT PENYERTAAN UNIT PENYERTAAN BEREDAR NILAI ASET BERSIH PER UNIT PENYERTAAN
TOTAL ASSETS
Current liabilities 11.183.009.002
2b,7
5.109.444
7.705.000
Security transaction payable Advance for investment unit subscriptions
-
8
137.274.872
2b,9
211.157.606
Redemption payable
619.800.488 86.389.290
2b,10 2d,11c
500.456.565 44.135.865
Accrued expenses Tax payable
12.031.583.096
280.901.823.127 246.650.072,3587
12
1.138,87
763.455.036
TOTAL LIABILITIES
206.111.522.716
NET ASSETS ATTRIBUTABLE TO HOLDERS OF INVESTMENT UNIT
153.294.837,9400
OUTSTANDING INVESTMENT UNITS
1.344,54
NET ASSETS VALUE PER INVESTMENT UNIT
The accompanying notes to the financial statements form an integral part of these financial statements.
Catatan atas laporan keuangan merupakan bagian yang tidak terpisahkan dari laporan keuangan.
1
REKSA DANA MANDIRI INVESTA ATRAKTIF SYARIAH LAPORAN LABA RUGI DAN PENGHASILAN KOMPREHENSIF LAIN Untuk tahun-tahun yang berakhir 31 Desember 2015 dan 2014
REKSA DANA MANDIRI INVESTA ATRAKTIF SYARIAH STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME For the years ended December 31, 2015 and 2014
(Stated in Rupiah, unless otherwise stated)
(Dalam Rupiah, kecuali dinyatakan khusus)
2015 PENDAPATAN Pendapatan bagi hasil Dividen
924.098.121 5.606.520.041
Jumlah pendapatan
6.530.618.162
Catatan/ Notes 2c,13 2c
2014 1.326.706.196 4.912.151.116
INCOME Profit sharing income Dividend
6.238.857.312
Total income
BEBAN Jasa pengelolaan Jasa kustodian Lain-lain
(5.721.809.383) 2c,14,17 (432.892.417) 2c,15 (2.029.994.457) 2c,16
(4.528.184.109) (452.818.411) (1.879.077.985)
EXPENSES Management fee Custodian fee Others
Jumlah beban
(8.184.696.257)
(6.860.080.505)
Total expenses
RUGI OPERASI
(1.654.078.095)
(621.223.193)
OPERATING LOSS
KEUNTUNGAN/(KERUGIAN) INVESTASI YANG TELAH DAN BELUM DIREALISASI (Kerugian)/keuntungan yang telah direalisasi (Kerugian)/keuntungan yang belum direalisasi Jumlah (kerugian)/keuntungan yang telah dan belum direalisasi
REALIZED AND UNREALIZED GAIN/(LOSS) ON INVESTMENTS (15.108.581.195 )
2b,2c
6.792.327.329
(32.283.186.474 )
2b,2c
32.352.161.053
Realized (loss)/gain on investments Unrealized (loss)/gain on investments
39.144.488.382
Total realized and unrealized (loss)/gain on investments
(47.391.767.669)
(DECREASE)/INCREASE IN NET ASSETS ATTRIBUTABLE TO HOLDERS OF INVESTMENT UNIT FROM OPERATIONS BEFORE 38.523.265.189 INCOME TAX
(PENURUNAN)/KENAIKAN ASET BERSIH YANG DAPAT DIATRIBUSIKAN KEPADA PEMEGANG UNIT PENYERTAAN DARI OPERASI SEBELUM (49.045.845.764) PAJAK PENGHASILAN PAJAK PENGHASILAN
(1.359.728.500)
2d,11b
(PENURUNAN)/KENAIKAN ASET BERSIH YANG DAPAT DIATRIBUSIKAN KEPADA PEMEGANG UNIT PENYERTAAN DARI OPERASI SETELAH PAJAK PENGHASILAN (dipindahkan) (50.405.574.264)
(1.199.196.250)
37.324.068.939
INCOME TAX (DECREASE)/INCREASE IN NET ASSETS ATTRIBUTABLE TO HOLDERS OF INVESTMENT UNIT FROM OPERATIONS AFTER INCOME TAX (brought forward)
The accompanying notes to the financial statements form an integral part of these financial statements.
Catatan atas laporan keuangan merupakan bagian yang tidak terpisahkan dari laporan keuangan.
2
REKSA DANA MANDIRI INVESTA ATRAKTIF SYARIAH LAPORAN LABA RUGI DAN PENGHASILAN KOMPREHENSIF LAIN Untuk tahun-tahun yang berakhir 31 Desember 2015 dan 2014
REKSA DANA MANDIRI INVESTA ATRAKTIF SYARIAH STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME For the years ended December 31, 2015 and 2014
(Stated in Rupiah, unless otherwise stated)
(Dalam Rupiah, kecuali dinyatakan khusus)
2015
Catatan/ Notes
(PENURUNAN)/KENAIKAN ASET BERSIH YANG DAPAT DIATRIBUSIKAN KEPADA PEMEGANG UNIT PENYERTAAN DARI OPERASI SETELAH PAJAK PENGHASILAN (pindahan) (50.405.574.264)
PENDAPATAN KOMPREHENSIF LAIN
2014
37.324.068.939
-
-
(PENURUNAN)/KENAIKAN ASET BERSIH YANG DAPAT DIATRIBUSIKAN KEPADA PEMEGANG UNIT PENYERTAAN (50.405.574.264) DARI OPERASI
37.324.068.939
(DECREASE)/INCREASE IN NET ASSETS ATTRIBUTABLE TO HOLDERS OF INVESTMENT UNIT FROM OPERATIONS AFTER INCOME TAX (carried forward) OTHER COMPREHENSIVE INCOME (DECREASE)/INCREASE IN NET ASSETS ATTRIBUTABLE TO HOLDERS OF INVESTMENT UNIT FROM OPERATIONS
The accompanying notes to the financial statements form an integral part of these financial statements.
Catatan atas laporan keuangan merupakan bagian yang tidak terpisahkan dari laporan keuangan.
3
REKSA DANA MANDIRI INVESTA ATRAKTIF SYARIAH LAPORAN PERUBAHAN ASET BERSIH YANG DAPAT DIATRIBUSIKAN KEPADA PEMEGANG UNIT PENYERTAAN Untuk tahun-tahun yang berakhir 31 Desember 2015 dan 2014
REKSA DANA MANDIRI INVESTA ATRAKTIF SYARIAH STATEMENTS OF CHANGES IN NET ASSET ATTRIBUTABLE TO HOLDERS OF INVESTMENT UNIT For the years ended December 31, 2015 and 2014
(Stated in Rupiah, unless otherwise stated)
(Dalam Rupiah, kecuali dinyatakan khusus) 2015
2014
(PENURUNAN)/KENAIKAN ASET BERSIH YANG DAPAT DIATRIBUSIKAN KEPADA PEMEGANG UNIT PENYERTAAN DARI OPERASI Rugi operasi (Kerugian)/keuntungan investasi yang telah direalisasi (Kerugian)/keuntungan investasi yang belum direalisasi Pajak penghasilan Pendapatan komprehensif lain Jumlah (penurunan)/kenaikan aset bersih yang dapat diatribusikan kepada pemegang unit penyertaan dari operasi
(DECREASE)/INCREASE IN NET ASSETS ATTRIBUTABLE TO HOLDERS OF INVESTMENT UNIT FROM OPERATION
(15.108.581.195)
6.792.327.329
(32.283.186.474) (1.359.728.500) -
32.352.161.053 (1.199.196.250) -
Operating loss Realized (loss)/gain on investments Unrealized (loss)/gain of investments Income tax Other comprehensive income
37.324.068.939
Total (decrease)/increase in net assets attributable to holders of investment unit from operation
(1.654.078.095)
(621.223.193)
(50.405.574.264)
TRANSAKSI DENGAN PEMEGANG UNIT PENYERTAAN Penjualan unit penyertaan Pembelian kembali unit penyertaan Jumlah transaksi dengan pemegang unit penyertaan JUMLAH KENAIKAN ASET BERSIH YANG DAPAT DIATRIBUSIKAN KEPADA UNIT PENYERTAAN
ASET BERSIH YANG DAPAT DIATRIBUSIKAN KEPADA PEMEGANG UNIT PENYERTAAN PADA AWAL TAHUN ASET BERSIH YANG DAPAT DIATRIBUSIKAN KEPADA PEMEGANG UNIT PENYERTAAN PADA AKHIR TAHUN
TRANSACTION WITH HOLDERS OF INVESTMENT UNIT 90.319.371.839 Subscription for investment unit (92.152.580.739) Redemption of investment units
155.731.213.487 (30.535.338.812) 125.195.874.675
74.790.300.411
206.111.522.716
280.901.823.127
(1.833.208.900 )
Total transaction with investment unit holders
35.490.860.039
TOTAL INCREASE IN NET ASSETS ATTRIBUTABLE TO HOLDERS OF INVESTMENT UNIT
170.620.662.677
NET ASSETS ATTRIBUTABLE TO HOLDERS OF INVESTMENT UNIT AT THE BEGINNING OF THE YEAR
206.111.522.716
NET ASSETS ATTRIBUTABLE TO HOLDERS OF INVESTMENT UNIT AT THE END OF THE YEAR
The accompanying notes to the financial statements form an integral part of these financial statements.
Catatan atas laporan keuangan merupakan bagian yang tidak terpisahkan dari laporan keuangan. 4
REKSA DANA MANDIRI INVESTA ATRAKTIF SYARIAH LAPORAN ARUS KAS Untuk tahun-tahun yang berakhir 31 Desember 2015 dan 2014
REKSA DANA MANDIRI INVESTA ATRAKTIF SYARIAH STATEMENTS OF CASH FLOW For the years ended December 31, 2015 and 2014
(Stated in Rupiah, unless otherwise stated)
(Dalam Rupiah, kecuali dinyatakan khusus) 2015
2014
Arus kas dari aktivitas operasi
Cash flows from operating activities
Pembelian efek ekuitas
(325.399.573.241)
Penjualan efek ekuitas Pembelian efek utang
216.064.062.731 -
Penjualan efek utang Penerimaan bagi hasil dari efek utang Penerimaan bagi hasil deposito berjangka Penerimaan bunga bank Penerimaan dividen Pembayaran jasa pengelola Pembayaran jasa kustodian Pembayaran beban lain-lain Pembayaran pajak kini Kas bersih yang digunakan untuk aktivitas operasi
917.457.025 5.579.779.068 (5.606.307.340) (444.712.536) (2.084.611.770) (874.950.408) (111.848.856.471)
Arus kas dari aktivitas pendanaan
(216.919.196.315) Purchase of equity instruments Proceeds from sale of equity 217.765.352.526 instruments (6.073.900.000) Purchases of debt instruments Proceeds from sale of debt 6.012.000.000 instruments Receipts of profit sharing on 378.800.835 debt instruments Receipts of profit sharing on 944.612.563 time deposits Receipts of profit sharing on 116.250 current accounts 4.942.893.616 Receipts of dividend (4.451.177.846) Payments of management fee (445.117.785) Payments of custodian fee (1.916.664.341) Payments of other expenses Payments of current (1.257.822.962) tax (1.020.103.459)
Cash flows from financing activities
Penjualan unit penyertaan
155.728.617.931
90.229.134.074
Pembelian kembali unit penyertaan
(30.609.221.546)
(91.972.377.178)
125.119.396.385
(1.743.243.104)
Kenaikan/(penurunan) kas dan setara kas
13.270.539.914
(2.763.346.563)
Kas dan setara kas pada awal tahun/
14.078.046.525
16.841.393.088
Kas dan setara kas pada akhir tahun
27.348.586.439
14.078.046.525
Kas bersih yang dihasilkan dari/(digunakan untuk) aktivitas pendanaan
Jumlah kas dan setara kas
Proceed from subscription for investment units Payments on redemption of investment units Net cash provided by/(used in) financing activities Increase/(decrease) on cash and cash equivalent Cash and cash equivalent at the beginning of the year Cash and cash equivalent at the end of the year Cash and cash equivalent is consist of :
Kas dan setara kas terdiri dari : Kas di bank Deposito berjangka
Net cash used in operating activities
13.848.586.439 13.500.000.000
9.078.046.525 5.000.000.000
27.348.586.439
14.078.046.525
Cash in banks Time deposits Total cash and cash equivalent
The accompanying notes to the financial statements form an integral part of these financial statements.
Catatan atas laporan keuangan merupakan bagian yang tidak terpisahkan dari laporan keuangan.
5
REKSA DANA MANDIRI INVESTA ATRAKTIF SYARIAH LAPORAN SUMBER DAN PENYALURAN DANA ZAKAT Untuk tahun-tahun yang berakhir 31 Desember 2015 dan 2014
REKSA DANA MANDIRI INVESTA ATRAKTIF SYARIAH STATEMENTS OF SOURCES AND DISTRIBUTION OF ZAKAT For the years ended December 31, 2015 and 2014
(Stated in Rupiah, unless otherwise stated)
(Dalam Rupiah, kecuali dinyatakan khusus)
2015
2014
SUMBER DANA ZAKAT Zakat dari dalam Reksa Dana Syariah Zakat dari pihak luar Reksa Dana Syariah
SOURCES OF ZAKAT -
-
-
-
Zakat of the sharia Mutual Fund Zakat from outside the Sharia Mutual Fund
PENYALURAN DANA ZAKAT KEPADA ENTITAS PENGELOLA ZAKAT
-
-
DISTRIBUTION OF ZAKAT FUNDS TO THE ENTITY MANAGEMENT ZAKAT
KENAIKAN/(PENURUNAN) BERSIH DANA ZAKAT
-
-
INCREASE/(DECREASE) ZAKAT FUNDS NET
DANA ZAKAT AWAL TAHUN
-
-
ZAKAT FUNDS AT THE BEGINNING OF THE YEAR
DANA ZAKAT AKHIR TAHUN
-
-
ZAKAT FUNDS AT THE END OF YEAR
The accompanying notes to the financial statements form an integral part of these financial statements.
Catatan atas laporan keuangan merupakan bagian yang tidak terpisahkan dari laporan keuangan.
6
REKSA DANA MANDIRI INVESTA ATRAKTIF SYARIAH LAPORAN SUMBER DAN PENGGUNAAN DANA KEBAJIKAN Untuk tahun-tahun yang berakhir 31 Desember 2015 dan 2014
REKSA DANA MANDIRI INVESTA ATRAKTIF SYARIAH STATEMENTS OF SOURCES AND USES OF QARDHUL HASAN FUNDS For the years ended December 31, 2015 and 2014
(Stated in Rupiah, unless otherwise stated)
(Dalam Rupiah, kecuali dinyatakan khusus)
2015
2014
Sumber dana kebajikan Pendapatan non halal – jasa giro dan dividen Jumlah Sumber dana kebajikan
Sources of cleansing fund 67.376.763
22.235.404
Non halal income – bank and dividend
67.376.763
22.235.404
Total Source of cleansing fund
Penggunaan dana kebajikan Sumbangan Jumlah penggunaan dana kebajikan Kenaikan/(penurunan) dana kebajikan
Dana kebajikan awal tahun
Dana kebajikan akhir tahun
Uses of cleansing fund (60.338.893)
(23.654.680)
Contribution
(60.338.893)
(23.654.680)
Total uses of cleansing fund
7.037.870
(1.419.276)
Increase/(decrease) of cleansing fund
171.978
1.591.254
Cleansing fund in the beginning of the year
7.209.848
171.978
Cleansing fund in the end of the year
The accompanying notes to the financial statements form an integral part of these financial statements.
Catatan atas laporan keuangan merupakan bagian yang tidak terpisahkan dari laporan keuangan.
7
REKSA DANA MANDIRI INVESTA ATRAKTIF SYARIAH CATATAN ATAS LAPORAN KEUANGAN Untuk tahun-tahun yang berakhir 31 Desember 2015 dan 2014
REKSA DANA MANDIRI INVESTA ATRAKTIF SYARIAH NOTES TO THE FINANCIAL STATEMENTS For the years ended December 31, 2015 and 2014
(Stated in Rupiah, unless otherwise stated)
(Dalam Rupiah, kecuali dinyatakan khusus) 1.
UMUM
1.
GENERAL
Reksa Dana Mandiri Investa Atraktif Syariah (“Reksa Dana”) adalah Reksa Dana bersifat Terbuka berbentuk Kontrak Investasi Kolektif yang dibentuk berdasarkan Undang-undang No. 8 tahun 1995 tentang Pasar Modal dan Surat Keputusan Ketua Badan Pengawas Pasar Modal dan Lembaga Keuangan No. KEP - 552/BL/2010 tanggal 30 Desember 2010 mengenai peraturan No. IV.B.1 “Pedoman Pengelolaan Reksa Dana Berbentuk Kontrak Investasi Kolektif”.
Reksa Dana Mandiri Investa Atraktif Syariah (“the Mutual Fund”) is an open Mutual Fund in the form of collective investment contract established under the framework of the Capital Market Law No. 8/1995 concerning Capital Market and the Decree of the Chairman of Capital Market and Financial Institution Supervisory Agency No . KEP-552/BL/2010 dated December 30, 2010 about regulation No. IV.B.1 “Guidelines on Managing Collective Investment Contract’s Mutual Fund”.
Sejak tanggal 31 Desember 2012, fungsi, tugas, dan wewenang pengaturan dan pengawasan kegiatan jasa keuangan di sektor Pasar Modal, Perasuransian, Dana Pensiun, Lembaga Pembiayaan dan Lembaga Jasa Keuangan lainnya beralih dari Menteri Keuangan dan Badan Pengawas Pasar Modal dan Lembaga Keuangan ke Otoritas Jasa Keuangan.
Since December 31, 2012, the functions, duties, and powers of regulation and supervision of financial services activity in the Capital Markets sector, Insurance, Pension Funds, Financial Institutions and other Financial Institution switched from Minister of Finance and the Chairman of Capital Market and Financial Institution Supervisory Agency to Financial Services Authority.
Kontrak Investasi Kolektif Reksa Dana antara PT Mandiri Manajemen Investasi sebagai Manajer Investasi dan Deutsche Bank AG, cabang Jakarta sebagai Bank Kustodian dituangkan dalam Akta No. 90 tanggal 22 November 2007 yang dibuat dihadapan Imas Fatimah, S.H., notaris di Jakarta. Kontrak Investasi Kolektif Reksa Dana telah mengalami beberapa kali perubahan, terakhir dengan Akta No. 27 tanggal 10 Juni 2010 dihadapan Khairina, S.H., Notaris di Jakarta, Manajer Investasi akan melakukan penawaran umum penyertaan Reksa Dana secara terus-menerus sampai dengan sejumlah 500.000.000 (lima ratus juta) unit penyertaan. Setiap unit penyertaan Reksa Dana mempunyai nilai aset bersih awal sebesar Rp 1.000 (seribu Rupiah).
The Mutual Fund’s collective investment contract between PT Mandiri Manajement Investasi as Investment Manager and Deutsche Bank AG, Jakarta branch as Custodian Bank was stated in Deed No. 90 dated November 22, 2007, made before Imas Fatimah, S.H., notary in Jakarta, collective investment contract which has been amended several times, the latest deed amendments VIII No. 27 dated June 10, 2010 of Khairina, S.H., notary in Jakarta, Investment Manager will conduct a public offering mutual fund investments on an ongoing basis until the number 500,000,000 (five hundred million) investment units, each unit of investment in Mutual Fund has net assets value of Rp 1,000 (a thousand Rupiah).
Tujuan investasi Reksa Dana adalah untuk memberikan tingkat pertumbuhan nilai investasi jangka panjang yang menarik melalui investasi pada Efek Syariah bersifat ekuitas yang sesuai dengan Syariah Islam. Syariah Islam yang dijadikan pedoman MITRA-SYARIAH mengacu pada Keputusan Ketua Badan Pengawas Pasar Modal dan Lembaga Keuangan serta Fatwa DSN-MUI.
The investment’s objective of the Mutual Fund is to provide an attractive growth rate through investment in Sharia equity according to Islamic Sharia. The Islamic Sharia of MITRA-SYARIAH is determined based on Decree of the Chairman of Capital Market and Financial Institution and Fatwa DSN-MUI.
8
REKSA DANA MANDIRI INVESTA ATRAKTIF SYARIAH CATATAN ATAS LAPORAN KEUANGAN (Lanjutan) Untuk tahun-tahun yang berakhir 31 Desember 2015 dan 2014
REKSA DANA MANDIRI INVESTA ATRAKTIF SYARIAH NOTES TO THE FINANCIAL STATEMENTS (Continued) For the years ended December 31, 2015 and 2014
(Stated in Rupiah, unless otherwise stated)
(Dalam Rupiah, kecuali dinyatakan khusus) 1.
UMUM (Lanjutan)
1.
GENERAL (Continued)
Sesuai dengan tujuan investasinya, Manajer Investasi akan menginvestasikan Reksa Dana dengan target komposisi investasi sebagai berikut : - Minimum 80% (delapan puluh persen) dan maksimum sebesar 98% (sembilan puluh delapan persen) pada Efek syariah bersifat ekuitas yang ditawarkan melalui Penawaran Umum dan atau dicatatkan di Bursa Efek Indonesia, - Minimum 0% (nol persen) dan maksimum 18% (delapan belas persen) pada Obligasi Syariah (Sukuk) yang ditawarkan melalui Penawaran Umum dan atau dicatatkan di Bursa Efek Indonesia, serta minimum 2% (dua persen) dan maksimum 20% (dua puluh persen) pada instrumen pasar uang yang sesuai dengan Syariah Islam dan mempunyai jauh tempo kurang dari satu tahun yang diterbitkan sesuai dengan peraturan perundang-undangan yang berlaku.
In relation to Mutual Fund’s investment objective, Investment Manager will invest the Mutual Fund with the following investment composition target : - Minimum of 80% (eighty percent) and a maximum of 98% (ninety eight percent) in Sharia equity which have been offered in Public Offering and/or recorded on Indonesia Stock Exchange; - Minimum of 0% (zero percent) and maximum of 18% (eighteen percent) Shari’a Bonds (Sukuk) which have been offered in Indonesia Stock Exchange, and minimum of 2% (two percent) and maximum 20% (twenty percent) money market according to Islamic Sharia less than one year issued in accordance with prevailing laws and regulations in Indonesia.
Reksa Dana telah memperoleh surat pernyataan efektif berdasarkan Surat Keputusan Ketua Badan Pengawas Pasar Modal dan Lembaga Keuangan No. S-6511/BL/2007 pada tanggal 29 September 2007.
The Mutual Fund obtained a notice of effective of its operation from the Chairman of Capital Market and Financial Institution Supervisory Agency based on No. S-6511/BL/2007 dated September 29, 2007.
Transaksi unit penyertaan dan nilai aset bersih per unit penyertaan dipublikasikan hanya pada hari-hari bursa. Hari terakhir bursa di bulan Desember 2015 dan 2014 masing-masing adalah tanggal 30 Desember 2015 dan 2014. Laporan keuangan Reksa Dana untuk tahun-tahun yang berakhir 31 Desember 2015 dan 2014 ini disajikan berdasarkan posisi aset bersih Reksa Dana masingmasing pada tanggal 31 Desember 2015 dan 2014.
Transactions of unit transaction and net asset value per unit holders were published only on the bourse day. The last day of the bourse in December 2015 and 2014 were December 30, 2015 and 2014. The financial statements of the Mutual Fund for the years ended December 31, 2015 and 2014 were presented based on the position of MutualFund’s net asset on December 31, 2015 and 2014 respectively.
Laporan keuangan telah disetujui untuk diterbitkan oleh Manajer Investasi dan Bank Kustodian pada tanggal 16 Februari 2016. Manajer Investasi dan Bank Kustodian bertanggung jawab atas laporan keuangan Reksa Dana sesuai dengan tugas dan tanggung jawab masing-masing sebagai Manajer Investasi dan Bank Kustodian sebagaimana tercantum dalam Kontrak Investasi Kolektif Reksa Dana dan peraturan dan perundangan yang berlaku.
These financial statements were authorized for issued by Investment Manager and Custodian Bank on February 16, 2016. Investment Manager and Custodian Bank are responsible for the Mutual Fund’s financial statements in accordance with each party's duties and responsibilities as Investment Manager and Custodian Bank pursuant to the Collective Investment Contract of the Mutual Fund; and the prevailing laws and regulations.
9
REKSA DANA MANDIRI INVESTA ATRAKTIF SYARIAH CATATAN ATAS LAPORAN KEUANGAN (Lanjutan) Untuk tahun-tahun yang berakhir 31 Desember 2015 dan 2014
REKSA DANA MANDIRI INVESTA ATRAKTIF SYARIAH NOTES TO THE FINANCIAL STATEMENTS (Continued) For the years ended December 31, 2015 and 2014
(Stated in Rupiah, unless otherwise stated)
(Dalam Rupiah, kecuali dinyatakan khusus) 2.
KEBIJAKAN AKUNTANSI
2.
ACCOUNTING POLICIES
Berikut ini adalah dasar penyajian laporan keuangan dan kebijakan akuntansi signifikan yang diterapkan dalam penyusunan laporan keuangan Reksa Dana.
Presented below are basis of preparation of the financial statements and the significant accounting policy adopted in preparing the financial statements of the Mutual Fund.
a.
a.
Dasar Penyajian Laporan Keuangan
Basis of Preparation Statements
of
the
Financial
Laporan keuangan telah disusun sesuai dengan Standar Akuntansi Keuangan di Indonesia, yang mencakup Pernyataan dan interpretasi yang dikeluarkan oleh Dewan Standar Akuntansi Keuangan Ikatan Akuntan Indonesia dan peraturan Regulator Pasar Modal.
The financial statements have been prepared in accordance with Indonesian Financial Accounting Standards, which comprise the Statements and interpretations issued by the Board of Financial Accounting Standards of the Indonesian Institute of Accountants and Capital Market Regulator.
Berdasarkan PSAK 101 (Revisi 2014), entitas syariah termasuk reksa dana syariah, memerlukan penyesuaian-penyesuaian terhadap penyajian laporan keuangannya. Sehingga, laporan Reksa Dana disajikan sebagai berikut :
Based on SFAS 101 (Revised 2014), sharia entities, including sharia mutual funds, require modifications to the presentation of the financial statements. Thus, the financial statements of the Funds are presented as follows:
1. Laporan Posisi Keuangan 2. Laporan Laba Rugi dan Penghasilan Komprehensif Lain 3. Laporan Perubahan Aset Bersih yang dapat Diatribusikan kepada Pemegang Unit Penyertaan 4. Laporan Arus Kas 5. Laporan Sumber dan Penyaluran Dana Zakat 6. Laporan Sumber dan Penggunaan Dana Kebajikan 7. Catatan atas Laporan Keuangan
1. Statement of Financial Position 2. Statement of Profit or Loss and Others Comprehensive Income 3. Statement of Changes in Net Assets Attributable to Holders of Investment Unit 4. Statement of Cash Flow 5. Statement of Sources and Distribution of Zakat 6. Statement of Sources and Uses of Qardhul Hasan Funds 7. Notes to Financial Position
Laporan keuangan disusun berdasarkan konsep biaya perolehan (historical cost), kecuali untuk investasi pada aset keuangan yang diukur pada nilai wajar melalui laporan laba rugi yang diukur sebesar nilai wajar.
The financial statements have been prepared based on the historical cost basis except for financial instruments at fair value through profit or loss, which are measured at fair value.
Laporan keuangan disusun berdasarkan akuntansi berbasis akrual kecuali laporan arus kas. Laporan arus kas menyajikan informasi penerimaan dan pengeluaran yang diklasifikasikan ke dalam aktivitas operasi dan pendanaan dengan menggunakan metode langsung. Untuk tujuan laporan arus kas, kas dan setara kas mencakup kas di bank serta deposito berjangka yang jatuh tempo dalam waktu tiga bulan atau kurang.
The financial statements prepared based on the accrual accounting basis except for statements of cash flows. The statements of cash flows present information on receipts and payments of cash in bank classified into operating and financing activities using the direct method. For the purpose of cash flow statement, cash and cash equivalents include cash in bank and time deposits with matured of three months or less.
10
REKSA DANA MANDIRI INVESTA ATRAKTIF SYARIAH CATATAN ATAS LAPORAN KEUANGAN (Lanjutan) Untuk tahun-tahun yang berakhir 31 Desember 2015 dan 2014
REKSA DANA MANDIRI INVESTA ATRAKTIF SYARIAH NOTES TO THE FINANCIAL STATEMENTS (Continued) For the years ended December 31, 2015 and 2014
(Stated in Rupiah, unless otherwise stated)
(Dalam Rupiah, kecuali dinyatakan khusus) 2.
KEBIJAKAN AKUNTANSI (Lanjutan) a.
b.
2.
ACCOUNTING POLICIES (Continued) a.
Dasar Penyajian Laporan Keuangan (lanjutan)
Basis of Preparation Statements (continued)
of
the
Financial
Laporan sumber dan penyaluran zakat merupakan laporan yang menunjukkan sumber dana, penyaluran dalam jangka waktu tertentu serta dana zakat yang belum disalurkan pada tanggal tertentu.
Statement of Sources and Distribution of Zakat Funds is a report that shows the source of funds, distribution within a certain period as well as of zakat funds which have not been distributed on a certain date.
Laporan sumber dan penggunaan dana kebajikan merupakan laporan yang menunjukkan sumber dan penggunaan dana kebajikan selama jangka waktu tertentu serta saldo dana kebajikan pada tanggal tertentu. Sumber dana kebajikan berasal dari pendapatan jasa giro dari bank konvensional (pendapatan non halal). Dana kebajikan digunakan untuk dana sosial berupa sumbangan dimana Reksa Dana tidak meminta pertanggungjawaban atas penggunaan sumbangan tersebut.
Statement of Sources and Uses of Qardhul Hasan Funds is a report that shows the sources and uses of qardhul hasan funds for a certain period and qardhul hasan fund balance at a certain date. Source of qardhul hasan comes from the income current account from conventional bank (non-kosher income). The qardhul hasan funds are used to fund social in the form of donations in which the Mutual Fund does not hold accountable for the use of the donation.
Seluruh angka dalam laporan keuangan ini, kecuali dinyatakan secara khusus, dinyatakan dalam Rupiah penuh, yang juga merupakan mata uang fungsional Reksa Dana.
Figures in the financial statements are expressed in full amount of Rupiah unless otherwise stated, which is also the functional currency of the Mutual Fund.
Penyusunan laporan keuangan sesuai dengan Standar Akuntansi Keuangan di Indonesia mengharuskan Manajer Investasi membuat estimasi dan asumsi yang mempengaruhi kebijakan akuntansi dan jumlah yang dilaporkan atas aset, liabilitas, pendapatan dan beban.
The preparation of the financial statements in conformity with Indonesian Financial Accounting Standards requires the Mutual Fund Investment Manager to make estimations and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, incomes and expenses.
Walaupun estimasi dibuat berdasarkan pengetahuan terbaik Manajer Investasi atas kejadian dan tindakan saat ini, realisasi mungkin berbeda dengan jumlah yang diestimasi semula.
Although the estimates are based on the best knowledge of the Investment Manager for the incident and the current action, the realization may differ from those estimates. b.
Investasi pada Efek Syariah
Investments in Sharia Securities Investments in sharia marketable securities, especially sukuk, are classified in accordance with SFAS No. 110 (Revised 2011) regarding "Accounting for Sukuk" as follows :
Investasi pada surat berharga syariah, khususnya sukuk, diklasifikasikan sesuai PSAK No. 110 (Revisi 2011) tentang "Akuntansi Sukuk" sebagai berikut :
11
REKSA DANA MANDIRI INVESTA ATRAKTIF SYARIAH CATATAN ATAS LAPORAN KEUANGAN (Lanjutan) Untuk tahun-tahun yang berakhir 31 Desember 2015 dan 2014
REKSA DANA MANDIRI INVESTA ATRAKTIF SYARIAH NOTES TO THE FINANCIAL STATEMENTS (Continued) For the years ended December 31, 2015 and 2014
(Stated in Rupiah, unless otherwise stated)
(Dalam Rupiah, kecuali dinyatakan khusus) 2.
KEBIJAKAN AKUNTANSI (Lanjutan) b.
c.
2.
ACCOUNTING POLICIES (Continued) b.
Investasi pada Efek Syariah (lanjutan)
Investments in Sharia Securities (continued)
1. Surat berharga diukur pada biaya perolehan disajikan sebesar biaya perolehan (termasuk biaya transaksi, jika ada) yang disesuaikan dengan premi dan/atau diskonto yang belum diamortisasi. Premi dan diskonto diamortisasi selama periode hingga jatuh tempo.
1. Securities measured at cost securities are stated at cost (including transaction costs, if any) adjusted by unamortized premium and/or discount. Premium and discount are amortised over the period until maturity.
2. Surat berharga diukur pada nilai wajar disajikan sebesar nilai wajar. Keuntungan atau kerugian yang belum direalisasi akibat kenaikan atau penurunan nilai wajarnya disajikan dalam laporan laba rugi tahun yang bersangkutan.
2. Securities measured, at fair value securities are stated at fair values. Unrealized gains or losses from the increase or decrease in fair values are presented in current year profit or loss.
Reksa Dana mengklasifikasikan investasi terdiri dari: - Surat Berharga Syariah Negara; - Sukuk Korporasi; - Deposito Mudharabah; - Ekuitas Syariah.
portofolio
The Fund classifies its investment portfolio in Sukuk as follows: - Sharia Based Government Securities; - Corporate Sukuk; - Mudharabah Deposit; - Sharia Equities.
Investasi pada deposito mudharabah disajikan sebesar biaya perolehan sesuai dengan PSAK 105 tentang “Akuntansi Mudharabah”.
Investment in mudharabah deposit are stated at historical cost accordance with SFAS 105 regarding “Mudharabah Deposit”. c.
Pendapatan dan Beban
Income and Expenses
Sesuai dengan Fatwa Dewan Syariah Nasional Majelis Ulama Indonesia (DSN-MUI) No. 20 / DSN - MUI / IV / 2001 tanggal 18 April 2001 pasal 11, perihal pemisahan bagian pendapatan yang mengandung unsur non halal dari pendapatan yang diyakini halal (tafriq alhalal min al-haram) dimana hasil pemisahan tersebut selanjutnya akan dipergunakan untuk kemaslahatan umat.
In accordance the National Sharia Board Fatwa Indonesian Ulema Council (DSN-MUI) No. 20 / DSN - MUI / IV / 2001 dated April 18, 2001 article 11, concerning the separation of income which contain elements of non-halal of income that are believed halal (tafriq al-halal min al-haram) in which the separation results will used for the benefit of people.
Pendapatan bagi hasil dari instrumen keuangan diakui secara akrual berdasarkan proporsi waktu, nilai nominal dan tingkat bagi hasil yang berlaku.
Proft sharing income of financial instruments is recognized on an accrual basis, by reference to the time, the nominal value and the related of proft-sharing.
Beban diakui secara akrual. Beban yang berhubungan dengan jasa pengelolaan, jasa kustodian dan beban lainnya dihitung dan diakui secara akrual setiap hari.
Expenses is recognized on an accrual basis. Expenses related to management fee, custodian fee and other expenses are calculated and accrued daily.
12
REKSA DANA MANDIRI INVESTA ATRAKTIF SYARIAH CATATAN ATAS LAPORAN KEUANGAN (Lanjutan) Untuk tahun-tahun yang berakhir 31 Desember 2015 dan 2014
REKSA DANA MANDIRI INVESTA ATRAKTIF SYARIAH NOTES TO THE FINANCIAL STATEMENTS (Continued) For the years ended December 31, 2015 and 2014
(Stated in Rupiah, unless otherwise stated)
(Dalam Rupiah, kecuali dinyatakan khusus) 2.
KEBIJAKAN AKUNTANSI (Lanjutan) d.
2.
ACCOUNTING POLICIES (Continued) d.
Pajak Penghasilan (lanjutan)
Income Tax (continued)
Beban pajak terdiri dari pajak kini dan pajak tangguhan. Pajak diakui dalam laporan laba rugi dan penghasilan komprehensif lain, kecuali jika pajak tersebut terkait dengan transaksi atau kejadian yang diakui di pendapatan komprehensif lain atau langsung diakui ke ekuitas. Dalam hal ini, pajak tersebut masing-masing diakui dalam pendapatan komprehensif lain atau ekuitas.
The tax expense comprises current and deferred tax. Tax is recognised in the profit or loss, except to the extent that it relates to items recognized in other comprehensive income or directly in equity. In this case, the tax is also recognized in other comprehensive income or directly in equity, respectively.
Sesuai dengan peraturan pajak yang berlaku, pendapatan yang telah dikenakan pajak penghasilan final tidak lagi dilaporkan sebagai pendapatan kena pajak, dan semua beban sehubungan dengan pendapatan yang telah dikenakan pajak penghasilan final tidak dapat dikurangkan. Tetapi, baik pendapatan maupun beban tersebut dipakai dalam perhitungan laba rugi menurut akuntansi
In accordance with prevailing tax law, income subject to final income tax shall not be reported as taxable income, and all expenses related to income subject to final income tax are not deductible. However, such income and expenses are included in the profit and loss calculation for accounting purposes.
Pajak penghasilan yang tidak bersifat final, beban pajak penghasilan tahun berjalan ditentukan berdasarkan kenaikan aset bersih yang dapat diatribusikan kepada pemegang unit penyertaan dari operasi kena pajak dalam tahun yang bersangkutan yang dihitung berdasarkan tarif pajak yang berlaku.
Non final income tax, current year income tax is calculated based on any increase in taxable net assets attributable to holders invesment unit from operations in the respective year and calculated based on applicable tax rates.
Aset dan liabilitas pajak tangguhan diakui atas konsekuensi pajak periode mendatang yang timbul dari perbedaan jumlah tercatat aset dan liabilitas menurut laporan keuangan dengan dasar pengenaan pajak aset dan liabilitas. Liabilitas pajak tangguhan diakui untuk semua perbedaan temporer kena pajak dan aset pajak tangguhan diakui untuk perbedaan temporer yang boleh dikurangkan serta rugi fiskal yang belum terkompensasi, sepanjang besar kemungkinan dapat dimanfaatkan untuk mengurangi laba kena pajak masa datang.
Deffered tax assets and liabilities are recognized for the future tax consequences attributable to difference between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deffered tax liabilities are recognized for all taxable temporary differences and deferred tax assets are recognized for deductible temporary differences and the carry forward tax benefit of fiscal losses to the extent that it is probable that taxable income will be available in the future periods against which the deductible temporary differences and the carry forward tax benefit of fiscal losses can be utilized.
Koreksi terhadap liabilitas perpajakan diakui saat surat ketetapan pajak diterima atau jika mengajukan keberatan, pada saat keputusan atas keberatan tersebut telah ditetapkan.
Adjustments to taxation payable are recorded by the time the tax verdict is received or, when appealed against, by the time the verdict of the appeal are determined.
13
REKSA DANA MANDIRI INVESTA ATRAKTIF SYARIAH CATATAN ATAS LAPORAN KEUANGAN (Lanjutan) Untuk tahun-tahun yang berakhir 31 Desember 2015 dan 2014
REKSA DANA MANDIRI INVESTA ATRAKTIF SYARIAH NOTES TO THE FINANCIAL STATEMENTS (Continued) For the years ended December 31, 2015 and 2014
(Stated in Rupiah, unless otherwise stated)
(Dalam Rupiah, kecuali dinyatakan khusus) 2.
KEBIJAKAN AKUNTANSI (Lanjutan) e.
2.
ACCOUNTING POLICIES (Continued) e.
Transaksi dengan Pihak-Pihak Berelasi
Transaction with Related Parties The Mutual Fund is a transaction with related parties as defined in SFAS 7 (revised 2010) “Disclosure of Related Parties”. Type of transaction and balance of related parties are disclosed in notes to financial statement.
Reksa Dana melakukan transaksi dengan pihak berelasi sebagaimana didefinisikan dalam PSAK 7 (revisi 2010) “Pengungkapan PihakPihak Berelasi”. Jenis transaksi dan saldo dengan pihak berelasi diungkapkan dalam catatan atas laporan keuangan.
3. PORTOFOLIO EFEK
3.
SECURITIES PORTFOLIO
Ikhtisar portofolio efek
Summary of securities portfolio
Saldo portofolio efek pada tanggal 31 Desember 2015 dan 2014 adalah sebagai berikut :
Balance of securities portfolio as of December 31, 2015 and 2014 are as follows : 2015
Jenis efek
Tingkat bunga (%) per tahun/ Interest rate (%) per annum
Nilai nominal/ Jumlah saham Nominal amount/ Total shares
Nilai wajar/ Fair value
Persentase (%) terhadap jumlah portofolio efek/ Percentage (%) of total Jatuh tempo/ securities Maturity date portfolio
Instrumen pasar uang
Money market instruments
Deposito berjangka : PT Bank Tabungan Negara Syariah (Persero) Tbk PT Bank Muamalat Indonesia Tbk PT Bank Muamalat Indonesia Tbk Jumlah deposito berjangka
Type of securities
Time deposits :
8,75
6.500.000.000
6.500.000.000
23 Jan 16
2,33
9,75
6.500.000.000
6.500.000.000
5 Jan 16
2,33
9,50
500.000.000
500.000.000
12 Jan 16
0,18
PT Bank Tabungan Negara Syariah (Persero) Tbk PT Bank Muamalat Indonesia Tbk PT Bank Muamalat IndonesiaTbk
13.500.000.000
13.500.000.000
4,84
Total time deposits
14
REKSA DANA MANDIRI INVESTA ATRAKTIF SYARIAH CATATAN ATAS LAPORAN KEUANGAN (Lanjutan) Untuk tahun-tahun yang berakhir 31 Desember 2015 dan 2014
REKSA DANA MANDIRI INVESTA ATRAKTIF SYARIAH NOTES TO THE FINANCIAL STATEMENTS (Continued) For the years ended December 31, 2015 and 2014
(Stated in Rupiah, unless otherwise stated)
(Dalam Rupiah, kecuali dinyatakan khusus) 3. PORTOFOLIO EFEK (Lanjutan)
3.
SECURITIES PORTFOLIO (Continued) Summary of securities portfolio (continued)
Ikhtisar portofolio efek (lanjutan) 2015
Jenis efek
Tingkat bunga (%) per tahun/ Interest rate (%) per annum
Nilai nominal/ Jumlah saham Nominal amount/ Total shares
Nilai wajar/ Fair value
Persentase (%) terhadap jumlah portofolio efek/ Percentage (%) of total Jatuh tempo/ securities Maturity date portfolio
Efek ekuitas
Equity instruments
Saham : PT Telekomunikasi Indonesia Tbk PT Astra International Tbk PT Unilever Indonesia Tbk PT Indocement Tunggal Prakasa Tbk PT Semen Indonesia Tbk PT Indofood CBP Sukses Makmur Tbk PT Perusahaan Gas Negara Tbk PT Bumi Serpong Damai Tbk PT Waskita Karya (Persero) Tbk PT Matahari Departement Store Tbk PT United Tractor Tbk PT Summarecon Agung Tbk PT AKR Corporindo Tbk PT PP Tbk PT Indofood Sukses Makmur Tbk Jumlah (dipindahkan)
Type of securities
Equities :
-
11.969.400
37.164.987.000
-
13,32
-
5.214.200
31.285.200.000
-
11,22
-
814.500
30.136.500.000
-
10,80
-
533.600
11.912.620.000
-
4,27
-
882.600
10.061.640.000
-
3,61
-
608.100
8.194.147.500
-
2,94
-
2.727.200
7.486.164.000
-
2,68
-
3.641.791
6.555.223.800
-
2,35
-
3.776.871
6.307.374.570
-
2,26
-
335.300
5.901.280.000
-
2,12
-
338.800
5.742.660.000
-
2,06
-
3.447.400
5.688.210.000
-
2,04
-
784.300 1.445.100
5.627.352.500 5.599.762.500
-
2,02 2,01
-
1.040.000
5.382.000.000
-
1,93
PT Telekomunikasi Indonesia Tbk PT Astra International Tbk PT Unilever Indonesia Tbk PT Indocement Tunggal Prakasa Tbk PT Semen Indonesia Tbk PT Indofood CBP Sukses Makmur Tbk PT Perusahaan Gas Negara Tbk PT Bumi Serpong Damai Tbk PT Waskita Karya (Persero) Tbk PT Matahari Departement Store Tbk PT United Tractor Tbk PT Summarecon Agung Tbk PT AKR Corporindo Tbk PT PP Tbk PT Indofood Sukses Makmur Tbk
65,63
Total (brought forward)
37.559.162 183.045.121.870
15
REKSA DANA MANDIRI INVESTA ATRAKTIF SYARIAH CATATAN ATAS LAPORAN KEUANGAN (Lanjutan) Untuk tahun-tahun yang berakhir 31 Desember 2015 dan 2014
REKSA DANA MANDIRI INVESTA ATRAKTIF SYARIAH NOTES TO THE FINANCIAL STATEMENTS (Continued) For the years ended December 31, 2015 and 2014
(Stated in Rupiah, unless otherwise stated)
(Dalam Rupiah, kecuali dinyatakan khusus) 3. PORTOFOLIO EFEK (Lanjutan)
3.
SECURITIES PORTFOLIO (Continued) Summary of securities portfolio (continued)
Ikhtisar portofolio efek (lanjutan) 2015
Jenis efek
Tingkat bunga (%) per tahun/ Interest rate (%) per annum
Nilai nominal/ Jumlah saham Nominal amount/ Total shares
Nilai wajar/ Fair value
Persentase (%) terhadap jumlah portofolio efek/ Percentage (%) of total Jatuh tempo/ securities Maturity date portfolio
Efek ekuitas
Equity instruments
Saham :
Equities :
Jumlah (pindahan)
37.559.162
183.045.121.870
65,63
PT Ciputra Development Tbk
-
3.672.776
5.362.252.960
-
1,92
PT Kalbe Farma Tbk
-
3.857.100
5.091.372.000
-
1,83
PT Adhi Karya Tbk
-
2.252.826
4.821.047.640
-
1,73
PT Pakuwon Djati Tbk PT Charoen Phokphand Indonesia Tbk PT Jasa Marga (Persero) Tbk PT Mitra Keluarga Karyasehat Tbk
-
9.335.000
4.630.160.000
-
1,66
-
1.733.200
4.506.320.000
-
1,62
-
737.700
3.854.482.500
-
1,38
-
1.581.700
3.796.080.000
-
1,36
-
1.959.500
3.634.872.500
-
1,30
-
13.595.876
3.358.181.372
-
1,20
-
3.899.900
3.217.417.500
-
1,15
-
2.906.600
3.008.331.000
-
1,08
-
9.119.791 519.400
2.863.614.375 2.856.700.000
-
1,03 1,02
-
2.043.600
2.697.552.000
-
0,97
-
3.492.100
2.496.851.500
-
0,90
98.266.231
239.240.357.217
PT Media Nusantara Citra Tbk PT Kawasan Industri Jababeka Tbk PT Ace Hardware Indonesia Tbk PT Lippo Karawaci Tbk PT Aneka Tambang Tbk PT Indosat Tbk PT PP London Sumatra Indonesia Tbk PT Surya Semesta Internusa Tbk Jumlah (dipindahkan)
Type of securities
16
85,78
Total (carried forward) PT Ciputra Development Tbk PT Kalbe Farma Tbk PT Adhi Karya Tbk PT Pakuwon Djati Tbk PT Charoen Phokphand Indonesia Tbk PT Jasa Martga (Persero) Tbk PT Mitra Keluarga Karyasehat Tbk PT Media Nusantara Citra Tbk PT Kawasan Industri Jababeka Tbk PT Ace Hardware Indonesia Tbk PT Lippo Karawaci Tbk PT Aneka Tambang Tbk PT Indosat Tbk PT PP London Sumatra Indonesia Tbk PT Surya Semesta Internusa Tbk Total (brought forward)
REKSA DANA MANDIRI INVESTA ATRAKTIF SYARIAH CATATAN ATAS LAPORAN KEUANGAN (Lanjutan) Untuk tahun-tahun yang berakhir 31 Desember 2015 dan 2014
REKSA DANA MANDIRI INVESTA ATRAKTIF SYARIAH NOTES TO THE FINANCIAL STATEMENTS (Continued) For the years ended December 31, 2015 and 2014
(Stated in Rupiah, unless otherwise stated)
(Dalam Rupiah, kecuali dinyatakan khusus) 3. PORTOFOLIO EFEK (Lanjutan)
3.
SECURITIES PORTFOLIO (Continued) Summary of securities portfolio (continued)
Ikhtisar portofolio efek (lanjutan) 2015
Jenis efek
Tingkat bunga (%) per tahun/ Interest rate (%) per annum
Nilai nominal/ Jumlah saham Nominal amount/ Total shares
Nilai wajar/ Fair value
Persentase (%) terhadap jumlah portofolio efek/ Percentage (%) of total Jatuh tempo/ securities Maturity date portfolio
Efek ekuitas
Equity instruments
Saham :
Equities :
Jumlah (pindahan)
98.266.231
239.240.357.217
-
340.000
2.465.000.000
-
0,88
-
2.985.600
2.463.120.000
-
0,88
-
137.400
2.177.790.000
-
0,78
PT Wijaya Karya Tbk PT Arwana Citramulia Tbk PT Matahari Putra Prima Tbk PT Global Mediacom Tbk
-
803.100
2.120.184.000
-
0,76
-
4.155.000
2.077.500.000
-
0,74
-
1.116.900
2.038.342.500
-
0,73
-
1.682.300
1.850.530.000
-
0,66
PT Adaro Energy Tbk PT Puradelta Lestari Tbk PT Samudra Indonesia Tbk
-
3.508.700
1.806.980.500
-
0,65
-
6.905.100
1.484.596.500
-
0,53
-
267.100
1.348.855.000
-
0,48
PT Acset Indonusa Tbk PT Siloam International Hospital Tbk
-
406.600
1.227.932.000
-
0,44
-
119.300
1.169.140.000
-
0,42
-
2.082.300
1.018.244.700
-
0,37
-
201.500
911.787.500
-
0,33
-
839.300
835.103.500
-
0,30
123.816.431
264.235.463.417
PT Lippo Cikarang Tbk PT Wijaya Karya Beton Tbk PT Astra Argo Lestari Tbk
PT Intiland Development Tbk PT Tambang Batubara Bukit Asam Tbk PT Holcim Indonesia Tbk Jumlah (dipindahkan)
Type of securities
17
85,78
94,73
Total (carried forward) PT Lippo Cikarang Tbk PT Wijaya Karya Beton Tbk PT Astra Argo Lestari Tbk PT Wijaya Karya Tbk PT Arwana Citramulia Tbk PT Matahari Putra Prima Tbk PT Global Mediacom Tbk PT Adaro Energy Tbk PT Puradelta Lestari Tbk PT Samudra Indonesia Tbk PT Acset Indonusa Tbk PT Siloam International Hospital Tbk PT Intiland Development Tbk PT Tambang Batubara Bukit Asam Tbk PT Holcim Indonesia Tbk Total (brought forward)
REKSA DANA MANDIRI INVESTA ATRAKTIF SYARIAH CATATAN ATAS LAPORAN KEUANGAN (Lanjutan) Untuk tahun-tahun yang berakhir 31 Desember 2015 dan 2014
REKSA DANA MANDIRI INVESTA ATRAKTIF SYARIAH NOTES TO THE FINANCIAL STATEMENTS (Continued) For the years ended December 31, 2015 and 2014
(Stated in Rupiah, unless otherwise stated)
(Dalam Rupiah, kecuali dinyatakan khusus) 3. PORTOFOLIO EFEK (Lanjutan)
3.
SECURITIES PORTFOLIO (Continued) Summary of securities portfolio (continued)
Ikhtisar portofolio efek (lanjutan) 2015
Jenis efek
Tingkat bunga (%) per tahun/ Interest rate (%) per annum
Nilai nominal/ Jumlah saham Nominal amount/ Total shares
Nilai wajar/ Fair value
Persentase (%) terhadap jumlah portofolio efek/ Percentage (%) of total Jatuh tempo/ securities Maturity date portfolio
Efek ekuitas
Equity instruments
Saham :
Equities :
Jumlah (pindahan) PT Vale Indonesia Tbk PT Tempo Scan Pasific Tbk
Type of securities
264.235.463.417
-
504.200
824.367.000
-
0,30
-
202.200
353.850.000
-
0,13
PT Vale Indonesia Tbk PT Tempo Scan Pasific Tbk
124.522.831
265.413.680.417
95,16
Total equities
278.913.680.417
100,00
Jumlah saham Jumlah portofolio efek
94,73
Total (carried forward)
123.816.431
Total securities portfolio
2014
Jenis efek
Tingkat bunga (%) per tahun/ Interest rate (%) per annum
Nilai nominal/ Jumlah saham Nominal amount/ Total shares
Nilai wajar/ Fair value
Persentase (%) terhadap jumlah portofolio efek/ Percentage (%) of total Jatuh tempo/ securities Maturity date portfolio
Instrumen pasar uang
Money market instruments
Deposito berjangka : PT Bank Muamalat Indonesia Tbk PT Bank Muamalat Indonesia Tbk Jumlah deposito berjangka
Type of securities
Time deposits : 10,25
4.500.000.000
4.500.000.000 26 Jan 2015
2,28
10,25
500.000.000
500.000.000 21 Jan 2015
0,25
PT Bank Muamalat Indonesia Tbk PT Bank Muamalat Indonesia Tbk
2,53
Total time deposits
5.000.000.000
5.000.000.000
18
REKSA DANA MANDIRI INVESTA ATRAKTIF SYARIAH CATATAN ATAS LAPORAN KEUANGAN (Lanjutan) Untuk tahun-tahun yang berakhir 31 Desember 2015 dan 2014
REKSA DANA MANDIRI INVESTA ATRAKTIF SYARIAH NOTES TO THE FINANCIAL STATEMENTS (Continued) For the years ended December 31, 2015 and 2014
(Stated in Rupiah, unless otherwise stated)
(Dalam Rupiah, kecuali dinyatakan khusus) 3. PORTOFOLIO EFEK (Lanjutan)
3.
SECURITIES PORTFOLIO (Continued) Summary of securities portfolio (continued)
Ikhtisar portofolio efek (lanjutan) 2014
Jenis efek
Tingkat bunga (%) per tahun/ Interest rate (%) per annum
Nilai nominal/ Jumlah saham Nominal amount/ Total shares
Nilai wajar/ Fair value
Persentase (%) terhadap jumlah portofolio efek/ Percentage (%) of total Jatuh tempo/ securities Maturity date portfolio
Efek ekuitas
Equity instruments
Saham : PT Telekomunikasi Indonesia Tbk PT Astra International Tbk PT Unilever Indonesia Tbk PT Perusahaan Gas Negara Tbk PT Semen Indonesia Tbk PT Indocement Tunggal Prakasa Tbk PT Indofood CBP Sukses Makmur Tbk
Equities : -
6.700.500
19.196.932.500
-
9,73
-
2.554.500
18.967.162.500
-
9,62
-
552.800
17.855.440.000
-
9,05
-
1.698.200
10.189.200.000
-
5,17
-
532.400
8.624.880.000
-
4,37
-
323.100
8.077.500.000
-
4,10
-
528.500
6.923.350.000
-
3,51
PT PP (Persero) Tbk
-
1.919.700
6.862.927.500
-
3,48
PT Kalbe Farma Tbk PT Vale Indonesia Tbk PT Waskita Karya (Persero) Tbk PT United Tractor Tbk PT Pakuwon Djati Tbk PT Wijaya Karya Beton Tbk
-
3.371.200
6.169.296.000
-
3,13
-
1.460.600
5.294.675.000
-
2,68
-
3.352.300
4.927.881.000
-
2,50
-
280.400
4.864.940.000
-
2,47
-
8.804.800
4.534.472.000
-
2,30
-
3.176.500
4.129.450.000
-
2,09
-
594.900
4.015.575.000
-
2,04
-
2.111.100
3.989.979.000
-
2,02
37.961.500
134.623.660.500
PT Indofood Sukses Makmur Tbk PT PP London Sumatra Indonesia Tbk Jumlah (dipindahkan)
Type of securities
19
68,26
PT Telekomunikasi Indonesia Tbk PT Astra International Tbk PT Unilever Indonesia Tbk PT Perusahaan Gas Negara Tbk PT Semen Indonesia Tbk PT Indocement Tunggal Prakasa Tbk PT Indofood CBP Sukses Makmur Tbk PT PP (Persero) Tbk PT Kalbe Farma Tbk PT Vale Indonesia Tbk PT Waskita Karya (Persero) Tbk PT United Tractor Tbk PT Pakuwon Djati Tbk PT Wijaya Karya Beton Tbk PT Indofood Sukses Makmur Tbk PT PP London Sumatra Indonesia Tbk Total (brought forward)
REKSA DANA MANDIRI INVESTA ATRAKTIF SYARIAH CATATAN ATAS LAPORAN KEUANGAN (Lanjutan) Untuk tahun-tahun yang berakhir 31 Desember 2015 dan 2014
REKSA DANA MANDIRI INVESTA ATRAKTIF SYARIAH NOTES TO THE FINANCIAL STATEMENTS (Continued) For the years ended December 31, 2015 and 2014
(Stated in Rupiah, unless otherwise stated)
(Dalam Rupiah, kecuali dinyatakan khusus) 3. PORTOFOLIO EFEK (Lanjutan)
3.
SECURITIES PORTFOLIO (Continued) Summary of securities portfolio (continued)
Ikhtisar portofolio efek (lanjutan) 2014
Jenis efek
Tingkat bunga (%) per tahun/ Interest rate (%) per annum
Nilai nominal/ Jumlah saham Nominal amount/ Total shares
Nilai wajar/ Fair value
Persentase (%) terhadap jumlah portofolio efek/ Percentage (%) of total Jatuh tempo/ securities Maturity date portfolio
Efek ekuitas
Equity instruments
Saham :
Equities :
Jumlah (pindahan) PT Charoen Phokphand Indonesia Tbk PT Tambang Batubara Bukit Asam Tbk PT Wijaya Karya Tbk PT Surya Citra Media Tbk PT Tiphone Mobile Indonesia Tbk PT Kawasan Industri Jababeka Tbk PT Bumi Serpong Damai Tbk PT Samudra Indonesia Tbk PT Summarecon Agung Tbk PT Alam Sutra Realty Tbk PT Ciputra Development Tbk PT Adaro Energy Tbk PT Intiland Development Tbk PT Timah (Persero) Tbk PT Astra Argo Lestari Tbk Jumlah (dipindahkan)
Type of securities
37.961.500
134.623.660.500
68,26
Total (carried forward)
-
1.035.800
3.915.324.000
-
1,98
-
308.600
3.857.500.000
-
1,96
-
1.012.200
3.724.896.000
-
1,89
-
923.400
3.231.900.000
-
1,64
-
3.184.100
2.961.213.000
-
1,50
-
9.580.525
2.826.254.875
-
1,43
-
1.540.491
2.780.586.256
-
1,41
-
184.400
2.738.340.000
-
1,39
-
1.665.400
2.531.408.000
-
1,28
-
4.440.500
2.486.680.000
-
1,26
-
1.965.500
2.456.875.000
-
1,25
-
2.295.100
2.386.904.000
-
1,21
-
3.362.800
2.185.820.000
-
1,11
-
1.607.281
1.976.955.630
-
1,00
-
80.100
1.942.425.000
-
0,98
PT Charoen Phokpand Indonesia Tbk PT Tambang Batubara Bukit Asam Tbk PT Wijaya Karya Tbk PT Surya Citra Media Tbk PT Tiphone Mobile Indonesia Tbk PT Kawasan Industri Jababeka Tbk PT Bumi Serpong Damai Tbk PT Samudra Indonesia Tbk PT Summarecon Agung Tbk PT Alam Sutra Realty Tbk PT Ciputra Development Tbk PT Adaro Energy Tbk PT Intiland Development Tbk PT Timah (Persero) Tbk PT Astra Argo Lestari Tbk
71.147.697
176.626.742.261
89,55
Total (brought forward)
20
REKSA DANA MANDIRI INVESTA ATRAKTIF SYARIAH CATATAN ATAS LAPORAN KEUANGAN (Lanjutan) Untuk tahun-tahun yang berakhir 31 Desember 2015 dan 2014
REKSA DANA MANDIRI INVESTA ATRAKTIF SYARIAH NOTES TO THE FINANCIAL STATEMENTS (Continued) For the years ended December 31, 2015 and 2014
(Stated in Rupiah, unless otherwise stated)
(Dalam Rupiah, kecuali dinyatakan khusus) 3. PORTOFOLIO EFEK (Lanjutan)
3.
SECURITIES PORTFOLIO (Continued) Summary of securities portfolio (continued)
Ikhtisar portofolio efek (lanjutan) 2015
Jenis efek
Tingkat bunga (%) per tahun/ Interest rate (%) per annum
Nilai nominal/ Jumlah saham Nominal amount/ Total shares
Nilai wajar/ Fair value
Persentase (%) terhadap jumlah portofolio efek/ Percentage (%) of total Jatuh tempo/ securities Maturity date portfolio
Efek ekuitas
Equity instruments
Saham :
Equities :
Jumlah (pindahan) PT Matahari Putra Prima Tbk PT Lippo Karawaci Tbk PT Aneka Kimia Raya Tbk PT Holcim Indonesia Tbk PT Erajaya Swasembada Tbk PT Media Nusantara Citra Tbk PT Ace Hardware Indonesia Tbk PT Global Mediacom Tbk PT Indo Tambangraya Megah Tbk PT Medco Energi Internasional Tbk PT Tempo Scan Pasific Tbk Jumlah saham Jumlah portofolio efek
Type of securities
176.626.742.261
-
612.200
1.867.210.000
-
0,95
-
1.816.100
1.852.422.000
-
0,94
-
440.000
1.812.800.000
-
0,92
-
808.600
1.766.791.000
-
0,90
-
1.565.800
1.706.722.000
-
0,87
-
629.300
1.598.422.000
-
0,81
-
1.743.500
1.368.647.500
-
0,69
-
838.000
1.194.150.000
-
0,61
-
66.700
1.025.512.500
-
0,52
-
254.600
967.480.000
-
0,49
-
150.000
429.750.000
-
0,22
PT Matahari Putra Prima Tbk PT Lippo Karawaci Tbk PT AKR Corporation Tbk PT Holcim Indonesia Tbk PT Erajaya Swasembada Tbk PT Media Nusantara Citra Tbk PT Ace Hardware Indonesia Tbk PT Global Mediacom Tbk PT Indo Tambangraya Megah Tbk PT Medco Energi Internasional Tbk PT Tempo Scan Pasific Tbk
80.072.497
192.216.649.261
97,47
Total equities
197.216.649.261
100,00
21
89,55
Total (carried forward)
71.147.697
Total securities portfolio
REKSA DANA MANDIRI INVESTA ATRAKTIF SYARIAH CATATAN ATAS LAPORAN KEUANGAN (Lanjutan) Untuk tahun-tahun yang berakhir 31 Desember 2015 dan 2014
REKSA DANA MANDIRI INVESTA ATRAKTIF SYARIAH NOTES TO THE FINANCIAL STATEMENTS (Continued) For the years ended December 31, 2015 and 2014
(Stated in Rupiah, unless otherwise stated)
(Dalam Rupiah, kecuali dinyatakan khusus) 4.
KAS DI BANK
4. 2015
5.
6.
2014
Deutsche Bank AG, cabang Jakarta PT Bank Mandiri (Persero) Tbk PT Bank Syariah Mandiri PT Bank Commonwealth
13.193.593.638 654.138.525 754.276 100.000
7.863.855.102 1.206.887.354 1.004.069 6.300.000
Jumlah
13.848.586.439
9.078.046.525
PIUTANG BAGI HASIL
5.
Total
PROFIT SHARING RECEIVABLES This account represents profit sharing receivables from Mudharabah Deposit which have not been settled at the statements of financial position date.
Reksa Dana tidak membentuk penyisihan kerugian penurunan nilai atas piutang bunga karena Manajer Investasi berpendapat bahwa seluruh piutang bunga tersebut dapat ditagih
The Mutual Fund does not made an allowance for loss impairment interest receivable because Investment Managers believe that all profit sharing receivable are collectable.
PIUTANG DIVIDEN
6.
DIVIDEND RECEIVABLES This account represents dividend receivable which have not been settled at the statement of financial position.
UTANG TRANSAKSI EFEK
7.
SECURITY TRANSACTION PAYABLE This account represents payable from purchase of debt instruments which have not been settled at the statements of financial position date.
Akun ini merupakan utang yang timbul atas pembelian efek utang yang belum terselesaikan pada tanggal laporan posisi keuangan.
8.
Deutsche Bank AG, Jakarta branch PT Bank Mandiri (Persero) Tbk PT Bank Syariah Mandiri PT Bank Commonwealth
Akun ini merupakan piutang bagi hasil atas Deposito Mudharabah yang belum terselesaikan pada tanggal laporan posisi keuangan.
Akun ini merupakan piutang atas dividen yang belum terselesaikan pada tanggal laporan posisi keuangan.
7.
CASH IN BANK
UANG MUKA ATAS PEMESANAN UNIT PENYERTAAN
8.
ADVANCE FOR SUBSCRIPTIONS
INVESTMENT
UNIT
This account represents advance for unit subscriptions. On the statements of financial position date, the Mutual Fund has not been issued and distributed the units to the subscriber and has not been recorded as outstanding unit shares. Advance received for unit subscriptions has been presented as liabilities.
Akun ini merupakan penerimaan uang muka atas pemesanan unit penyertaan. Pada tanggal laporan posisi keuangan, Reksa Dana belum menerbitkan dan menyerahkan unit penyertaan kepada pemesan sehingga belum tercatat sebagai unit penyertaan beredar. Uang muka atas pemesanan unit penyertaan yang diterima ini disajikan sebagai liabilitas.
22
REKSA DANA MANDIRI INVESTA ATRAKTIF SYARIAH CATATAN ATAS LAPORAN KEUANGAN (Lanjutan) Untuk tahun-tahun yang berakhir 31 Desember 2015 dan 2014
REKSA DANA MANDIRI INVESTA ATRAKTIF SYARIAH NOTES TO THE FINANCIAL STATEMENTS (Continued) For the years ended December 31, 2015 and 2014
(Stated in Rupiah, unless otherwise stated)
(Dalam Rupiah, kecuali dinyatakan khusus) 9.
UTANG ATAS PEMBELIAN KEMBALI UNIT PENYERTAAN
9.
REDEMPTION PAYABLE
This account represents payable from redemption of unit, which have not been settled at the statements of financial position date.
Akun ini merupakan utang atas pembelian kembali unit penyertaan, yang belum terselesaikan pada tanggal laporan posisi keuangan.
10. BIAYA YANG MASIH HARUS DIBAYAR
10. ACCRUED EXPENSES
2015
2014
Jasa pengelolaan (catatan 14 dan 17) Jasa kustodian (catatan 15) Lain-lain
519.340.512 28.563.728 71.896.248
403.838.469 Management fee (notes 14 and 17) 40.383.847 Custodian fee (note 15) 56.234.249 Others
Jumlah
619.800.488
500.456.565
11. PERPAJAKAN
Total
11. TAXATION a.
a. Pajak Penghasilan
Income Tax
Reksa Dana berbentuk Kontrak Investasi Kolektif adalah subjek pajak. Objek pajak penghasilan terbatas hanya pada penghasilan yang diterima oleh Reksa Dana, sedangkan pembagian laba yang dibayarkan Reksa Dana kepada pemegang unit penyertaan, termasuk keuntungan atas pelunasan kembali unit penyertaan bukan merupakan objek pajak penghasilan.
A mutual fund in the form of a collective investment contract is subject to tax. Income tax is limited to taxable income received by the mutual fund, whilst income distributable from the mutual fund to unit holder, including any gain on the redemption of units is not taxable income.
Berdasarkan Undang-Undang Republik Indonesia No. 36/2008 tentang Perubahan Keempat Atas Undang-Undang No. 7 Tahun 1983 tentang Pajak Penghasilan dan berdasarkan Peraturan Pemerintah No. 16 tahun 2009 yang diterbitkan pada tanggal 9 Februari 2009, mengenai pajak penghasilan atas bunga dan/atau diskonto dari efek utang yang diterima dan/atau diperoleh wajib pajak Reksa Dana akan dikenakan pajak penghasilan final sebesar 0% sejak 1 Januari 2009 hingga 31 Desember 2010; 5% sejak 1 Januari 2011 hingga 31 Desember 2013; dan 15% sejak 1 Januari 2014.
According to the Law of the Republic of Indonesia No. 36/2008 on Fourth Amendment of Law No. 7 year 1983 on Income Tax and Government Regulation No. 16 year 2009 issued on February 9, 2009, concerning income tax on interest and/or discount from debt instruments which received and/or acquired by the Mutual Fund as the tax payer will be subject to final income tax of 0% starting January 1, 2009 to December 31, 2010; 5% from January 1, 2011 to December 31, 2013; and 15% from January 1, 2014.
23
REKSA DANA MANDIRI INVESTA ATRAKTIF SYARIAH CATATAN ATAS LAPORAN KEUANGAN (Lanjutan) Untuk tahun-tahun yang berakhir 31 Desember 2015 dan 2014
REKSA DANA MANDIRI INVESTA ATRAKTIF SYARIAH NOTES TO THE FINANCIAL STATEMENTS (Continued) For the years ended December 31, 2015 and 2014
(Stated in Rupiah, unless otherwise stated)
(Dalam Rupiah, kecuali dinyatakan khusus)
11. TAXATION (Continued)
11. PERPAJAKAN (Lanjutan) a.
a.
Pajak Penghasilan (lanjutan)
Income Tax (continued)
Pada tanggal 31 Desember 2013, Peraturan Pemerintah No. 16 Tahun 2009 telah di revisi dan dituangkan dalam Peraturan Pemerintah No. 100 Tahun 2013 mengenai pajak penghasilan atas bunga dan/atau diskonto dari efek utang yang diterima dan/atau diperoleh oleh wajib pajak. Reksa Dana akan dikenakan pajak penghasilan final sebesar 5% sejak 1 Januari 2014 hingga 31 Desember 2020; dan 10% untuk tahun 2021 dan seterusnya.
On December 31, 2013, Government Regulation No. 16 of 2009 has been revised and set forth in the Government Regulation No. 100 of 2013 regarding income tax on interest and/or discount on debt instruments received and/or accrued by the tax payer. Mutual Fund will be subject to a final income tax of 5% since January 1, 2014 until December 31, 2020, and 10% for the year 2021 and onwards.
Pendapatan investasi Reksa Dana yang merupakan objek pajak penghasilan final disajikan dalam jumlah bruto sebelum pajak penghasilan final. Taksiran pajak penghasilan ditentukan berdasarkan penghasilan kena pajak dalam tahun yang bersangkutan berdasarkan tarif pajak yang berlaku.
The Mutual Fund’s investment income, which is subject to final income tax withholding at source, is represent on a gross before final income tax. The provision for income tax is determined on the basis of estimated taxable income for the year subject to tax at statutory tax rates.
Rekonsiliasi antara kenaikan/(penurunan) aset bersih yang dapat diatribusikan kepada pemegang unit penyertaan dari operasi sebelum pajak penghasilan menurut laporan laba rugi dan penghasilan komprehensif lain dengan kenaikan aset bersih yang dapat diatribusikan kepada pemegang unit penyertaan dari operasi kena pajak yang dihitung oleh Reksa Dana untuk tahun-tahun yang berakhir tanggal 31 Desember 2015 dan 2014 adalah sebagai berikut :
The reconciliation between the increase/(decrease) in net assets attributable to holders of investment unit from operation before income tax, as shown in the statement of profit or loss and other comprehensive income and the taxable increase in net assets attributable to holders investment unit from operation calculated by the Mutual Fund for the years ended December 31, 2015 and 2014 are as follows :
2015 (Penurunan)/kenaikan aset bersih yang dapat diatribusikan kepada pemegang unit penyertaan dari operasi sebelum pajak penghasilan Beda waktu : Kerugian/(keuntungan) yang belum direalisasi selama tahun berjalan atas efek ekuitas Jumlah (dipindahkan)
2014
38.523.265.189
(Decrease)/increase in net asset attributable to holders of investment unit before income tax
32.283.186.474
(32.352.161.053)
Timing difference : Unrealized loss/(gain) for current year on equity instruments
(16.762.659.290)
6.171.104.136
(49.045.845.764)
24
Total (brought forward)
REKSA DANA MANDIRI INVESTA ATRAKTIF SYARIAH CATATAN ATAS LAPORAN KEUANGAN (Lanjutan) Untuk tahun-tahun yang berakhir 31 Desember 2015 dan 2014
REKSA DANA MANDIRI INVESTA ATRAKTIF SYARIAH NOTES TO THE FINANCIAL STATEMENTS (Continued) For the years ended December 31, 2015 and 2014
(Stated in Rupiah, unless otherwise stated)
(Dalam Rupiah, kecuali dinyatakan khusus)
11. TAXATION (Continued)
11. PERPAJAKAN (Lanjutan) a.
a.
Pajak Penghasilan (lanjutan) 2015 Jumlah (pindahan) Beda tetap : Beban yang tidak dapat dikurangkan
Income Tax (continued) 2014
(16.762.659.290)
6.171.104.136
Permanent difference : 8.017.090.298
6.743.595.038
Pendapatan yang pajaknya bersifat final : - Bagi hasil deposito berjangka dan jasa giro - Kerugian atas realisasi efek utang - Keuntungan/(kerugian) atas realisasi efek ekuitas - Bagi hasil efek utang Kenaikan aset bersih yang dapat diatribusikan kepada pemegang unit penyertaan dari operasi kena pajak
(924.098.121) -
(947.905.361) 61.900.000
15.108.581.195 -
5.438.914.082
(6.854.227.329) (378.800.835)
Taxable increase in net assets attributable to the holders of investment unit from operation (rounding)
4.795.665.000
Pajak penghasilan
1.359.728.500
1.198.916.250
Lebih bayar pajak tahun 2013 Lebih bayar pajak tahun 2012 (Lebih)/kurang bayar pajak
Income subject to final tax : Profit sharing from time deposit and current account Realized on loss of debt instruments Realized on gain of equity instruments Profit sharing from bonds -
4.795.665.649
5.438.914.000
(Lebih)/kurang bayar pajak tahun berjalan
Non deductible expenses
Taxable increase in net assets attributable to the holders of investment unit from operation
Kenaikan aset bersih yang dapat diatribusikan kepada pemegang unit penyertaan dari operasi kena pajak (dibulatkan) Pajak dibayar di muka pasal 23 Pajak dibayar di muka pasal 25
Total (carried forward)
Income tax Prepaid taxes
(836.969.032) (474.365.502)
(742.972.363) (558.706.464)
48.393.966
(102.762.577)
(Over)/underpayment tax current year
(185.043.370) (257.481.298)
Overpayment tax in 2013 Overpayment tax in 2012
(545.287.245)
(Overpayments)/ underpayments tax
48.393.966
Overpayment income tax is presented as other asset. Based on Overpayment of Tax Assesment Letter Corporate Income Tax No. 00002/406/12/012/15 dated February 25, 2015 for 2012 fiscal year, Mutual Funds assigned tax overpaid ammounting to Rp 257,481,298. As of Overpayment Tax Assesment Letter, The Mutual Funds has received return of overpayment income tax on March 26, 2015. Mutual Funds has received return of overpayment income tax for 2013 fiscal year Rp 185,043,370 on May 6, 2015.
Lebih bayar pajak penghasilan disajikan sebagai aset lain-lain. Berdasarkan Surat Ketetapan Pajak Lebih Bayar No. 00002/406/12/012/15 tanggal 25 Februari 2015 pajak penghasilan badan untuk tahun pajak 2012, Reksa Dana ditetapkan lebih bayar pajak sebesar Rp 257.481.298. Atas Surat Ketetapan Pajak Lebih Bayar tersebut, Reksa Dana telah menerima pengembalian pajak tersebut pada tanggal 26 Maret 2015. Reksa Dana juga telah menerima pengembalian kelebihan pembayaran untuk tahun 2013 sebesar Rp 185.043.370 pada tanggal 6 Mei 2015.
25
REKSA DANA MANDIRI INVESTA ATRAKTIF SYARIAH CATATAN ATAS LAPORAN KEUANGAN (Lanjutan) Untuk tahun-tahun yang berakhir 31 Desember 2015 dan 2014
REKSA DANA MANDIRI INVESTA ATRAKTIF SYARIAH NOTES TO THE FINANCIAL STATEMENTS (Continued) For the years ended December 31, 2015 and 2014
(Stated in Rupiah, unless otherwise stated)
(Dalam Rupiah, kecuali dinyatakan khusus)
11. TAXATION (Continued)
11. PERPAJAKAN (Lanjutan) b.
c.
d.
b.
Beban Pajak
Tax Expenses
2015
2014
Pajak kini Pajak tangguhan
1.359.728.500 -
1.199.196.250 -
Current income tax Final income tax
Jumlah
1.359.728.500
1.199.196.250
Total
2015
2014
Utang Pajak
Pajak penghasilan pasal 25 Pajak penghasilan pasal 29
37.995.324 48.393.966
44.135.865 -
Income tax art 25 Income tax art 29
Jumlah
86.389.290
44.135.865
Total
c.
Administrasi
Administration Under the taxation laws in Indonesia, the Mutual Fund submits tax returns on the basis of selfassessment. The tax authorities may assess or amend taxes within five years from the date the tax became due.
Berdasarkan peraturan perpajakan Indonesia, Reksa Dana menghitung, menetapkan, dan membayar sendiri jumlah pajak yang terhutang. Direktorat Jenderal Pajak dapat menetapkan dan mengubah liabilitas pajak dalam batas waktu lima tahun sejak tanggal terhutangnya pajak.
12. UNIT PENYERTAAN BEREDAR
12. OUTSTANDING INVESTMENT UNITS Units owned by the Investors and the Investment Manager on December 31, 2015 and 2014 are as follows :
Jumlah unit penyertaan yang dimiliki oleh Pemodal dan Manajer Investasi untuk tanggal 31 Desember 2015 dan 2014 adalah sebagai berikut : 2015 Unit/ Units
Persentase (%)/ Percentage (%)
Pemodal Manajer investasi
246.650.072,3587 -
100,00 -
Investors Investment manager
Jumlah
246.650.072,3587
100,00
Total
26
REKSA DANA MANDIRI INVESTA ATRAKTIF SYARIAH CATATAN ATAS LAPORAN KEUANGAN (Lanjutan) Untuk tahun-tahun yang berakhir 31 Desember 2015 dan 2014
REKSA DANA MANDIRI INVESTA ATRAKTIF SYARIAH NOTES TO THE FINANCIAL STATEMENTS (Continued) For the years ended December 31, 2015 and 2014
(Stated in Rupiah, unless otherwise stated)
(Dalam Rupiah, kecuali dinyatakan khusus) 12. UNIT PENYERTAAN BEREDAR (Lanjutan)
12. OUTSTANDING (Continued)
INVESTMENT
UNITS
2014 Unit/ Units
Persentase (%)/ Percentage (%)
Pemodal Manajer investasi
153.294.837,9400 -
100,00 -
Investors Investment manager
Jumlah
153.294.837,9400
100,00
Total
Sejak 1 Januari 2013 nilai aset bersih per unit dihitung sesuai dengan nilai pasar wajar efek dalam portofolio Reksa Dana sehingga Reksa Dana tidak mendistribusikan hasil investasi dalam bentuk unit penyertaan setiap hari.
13. PENDAPATAN BAGI HASIL
From January 1, 2013 net assets value per unit is calculated in accordance with market fair value of Mutual Fund’s investment portfolio causing Mutual Fund had not distributed investment return in the form investment unit accrued daily.
13. SHARIA PROFIT SHARING 2015
2014
Deposito berjangka Efek utang Jasa giro
924.098.121 -
947.789.111 378.800.835 116.250
Time deposits Debt instrument Current accounts
Jumlah
924.098.121
1.326.706.196
Total
Pendapatan bagi hasil disajikan dalam jumlah bruto sebelum dikurangi pajak penghasilan final.
14. BEBAN JASA PENGELOLAAN
Sharia profit sharing is presented gross before deducted by final income tax.
14. MANAGEMENT FEE This expense represents the fee payable to Investment Manager. Collective Investment Contract maximum fee is 2% per annum of the net asset value, calculated on a daily basis based on 365 days in a year and paid monthly. This expense was charged by Value Added Tax (VAT) of 10%. VAT from management fee for the year 2015 and 2014 amounted Rp 520,164,489 and Rp 411,653,101 respectively.
Beban ini merupakan imbalan jasa kepada Manajer Investasi. Kontrak Investasi Kolektif Reksa Dana menetapkan bahwa imbalan jasa ini sebesar maksimum 2% per tahun dari nilai aset bersih yang dihitung secara harian berdasarkan 365 hari pertahun dan dibayarkan setiap bulan. Beban tersebut dikenakan Pajak Pertambahan Nilai (PPN) sebesar 10%. PPN atas jasa pengelolaan untuk tahun 2015 dan 2014 masing-masing sebesar Rp 520.164.489 dan Rp 411.653.101.
27
REKSA DANA MANDIRI INVESTA ATRAKTIF SYARIAH CATATAN ATAS LAPORAN KEUANGAN (Lanjutan) Untuk tahun-tahun yang berakhir 31 Desember 2015 dan 2014
REKSA DANA MANDIRI INVESTA ATRAKTIF SYARIAH NOTES TO THE FINANCIAL STATEMENTS (Continued) For the years ended December 31, 2015 and 2014
(Stated in Rupiah, unless otherwise stated)
(Dalam Rupiah, kecuali dinyatakan khusus) 15. BEBAN JASA KUSTODIAN
15. CUSTODIAN FEE This expense represents the administration and custodian fee payable to the Custodian Bank. Collective Investment Contract stipulates minimum fee 0.15% and maximum fee is 0.25% per annum of the net asset value, calculated on a daily basis based on 365 days in a year and paid monthly. This expense was charged by Value Added Tax (VAT) of 10%. VAT from custodian fee for the year 2015 and 2014 amounted Rp 39,353,856 and Rp 41,165,310 respectively.
Beban ini merupakan imbalan jasa pengelolaan administrasi dan imbalan jasa penitipan atas kekayaan Reksa Dana kepada Bank Kustodian. Kontrak Investasi Kolektif Reksa Dana menetapkan bahwa imbalan jasa ini sebesar minimum 0,15% dan maksimum 0,25% per tahun dari nilai aset bersih yang dihitung secara harian berdasarkan 365 hari per tahun dan dibayarkan setiap bulan. Beban tersebut dikenakan Pajak Pertambahan Nilai (PPN) sebesar 10%. PPN atas jasa kustodian untuk tahun 2015 dan 2014 masingmasing sebesar Rp 39.353.856 dan Rp 41.165.310
16. BEBAN LAIN-LAIN
16. OTHER EXPENSES 2015
2014
Pajak final Jasa profesional Lain-lain
184.819.624 22.000.000 1.823.174.833
208.069.044 38.500.000 1.632.508.941
Final tax Professional fee Others
Jumlah
2.029.994.457
1.879.077.985
Total
17. SIFAT DAN TRANSAKSI PIHAK-PIHAK BERELASI
17. NATURE OF RELATIONSHIP AND TRANSACTION WITH RELATED PARTIES
Sifat Pihak-Pihak Berelasi
The Nature of Relationship
Pihak berelasi adalah perusahaan yang mempunyai keterkaitan kepengurusan secara langsung maupun tidak langsung dengan Reksa Dana.
Related parties are companies who directly or indirectly have relationships with the Mutual Fund through management.
Manajer Investasi adalah pihak berelasi dengan Reksa Dana dan Bank Kustodian bukan merupakan pihak berelasi sesuai dengan Surat Keputusan Kepala Departemen Pengawas Pasar Modal 2A No. KEP-04/PM.21/2014 tanggal 7 Oktober 2014.
Investment Manager is related parties with the Mutual Fund and Custodian Bank is not related parties based on the Decision Letter Head of Capital Market Supervisory Department 2A No. KEP- 04/PM.21/2014 dated October 7, 2014.
Transaksi Pihak-Pihak Berelasi
Transactions with Related Parties
Dalam kegiatan operasionalnya, Reksa Dana melakukan transaksi pembelian dan penjualan efek dengan pihak-pihak yang berelasi, yaitu PT Mandiri Sekuritas. Transaksi-transaksi dengan pihak-pihak berelasi dilakukan dengan persyaratan dan kondisi normal sebagaimana halnya bila dilakukan dengan pihak ketiga.
The Mutual Fund, in its operations, has purchase and sale transactions of securities with its related parties, is PT Mandiri Sekuritas. The transactions with related parties were done under similar terms and conditions as those done with third parties.
28
REKSA DANA MANDIRI INVESTA ATRAKTIF SYARIAH CATATAN ATAS LAPORAN KEUANGAN (Lanjutan) Untuk tahun-tahun yang berakhir 31 Desember 2015 dan 2014
REKSA DANA MANDIRI INVESTA ATRAKTIF SYARIAH NOTES TO THE FINANCIAL STATEMENTS (Continued) For the years ended December 31, 2015 and 2014
(Stated in Rupiah, unless otherwise stated)
(Dalam Rupiah, kecuali dinyatakan khusus) 17. SIFAT DAN TRANSAKSI PIHAK-PIHAK BERELASI (Lanjutan)
17. NATURE OF RELATIONSHIP AND TRANSACTION WITH RELATED PARTIES (Continued)
Transaksi Pihak-Pihak Berelasi (lanjutan)
Transactions with Related Parties (continued)
a. Rincian pembelian dan penjualan dengan pihakpihak berelasi untuk tahun-tahun yang berakhir tanggal 31 Desember 2015 dan 2014 adalah sebagai berikut :
a. Details of purchase and sale with the related parties for the years ended December 31, 2015 and 2014 are as follows :
2015
Jumlah/Total
Persentase (%) terhadap jumlah pembelian/penjualan portofolio efek/ Percentage (%) of total purchases/ sales of portfolio
Pembelian
79.284.166.143
24,08
Purchases
Penjualan
30.356.627.216
14,05
Sales
2014
Jumlah/Total
Persentase (%) terhadap jumlah pembelian/penjualan portofolio efek/ Percentage (%) of total purchases/ sales of portfolio
Pembelian
29.998.863.895
7,76%
Purchases
Penjualan
63.929.189.902
16,11%
Sales
b. The Mutual Fund transactions with Investment Manager for the years ended December 31, 2015 and 2014 are as follows :
b. Transaksi Reksa Dana dengan Manajer Investasi untuk tahun-tahun yang berakhir tanggal 31 Desember 2015 dan 2014 adalah sebagai berikut : 2015 Laporan Posisi Keuangan : Biaya yang masih harus dibayar Laporan Laba Rugi dan Penghasilan Komprehensif Lain : Beban jasa pengelolaan
2014
519.340.512
5.721.809.383
29
403.838.469
Statements of Financial Position : Accrued expenses
Statements of Profit or Loss and Other Comprehensive Income : 4.528.184.109 Management fee expenses
REKSA DANA MANDIRI INVESTA ATRAKTIF SYARIAH CATATAN ATAS LAPORAN KEUANGAN (Lanjutan) Untuk tahun-tahun yang berakhir 31 Desember 2015 dan 2014
REKSA DANA MANDIRI INVESTA ATRAKTIF SYARIAH NOTES TO THE FINANCIAL STATEMENTS (Continued) For the years ended December 31, 2015 and 2014
(Stated in Rupiah, unless otherwise stated)
(Dalam Rupiah, kecuali dinyatakan khusus) 18. PERTIMBANGAN, ESTIMASI DAN ASUMSI AKUNTANSI YANG SIGNIFIKAN
18. SIGNIFICANT ACCOUNTING JUDGEMENTS, ESTIMATIONS AND ASSUMPTIONS
Penyusunan laporan keuangan Reksa Dana mengharuskan Manajer Investasi untuk membuat pertimbangan, estimasi dan asumsi yang mempengaruhi jumlah dan pengungkapan yang disajikan dalam laporan keuangan. Namun demikian, ketidakpastian atas estimasi dan asumsi ini mungkin dapat menyebabkan penyesuaian yang material atas nilai tercatat dan aset dan liabilitas di masa yang akan datang.
The preparation of the Mutual Fund’s financial statements requires Investment Manager to make judgements, estimations and assumptions that affect the reported amounts and disclosures recognized in the financial statements. However, uncertainty about these assumptions and estimates could result it outcomes that probably could require a material adjustment to the carrying amount of the asset or liability affected in future periods.
Pajak Penghasilan
Income Tax
Pertimbangan yang signifikan dibutuhkan untuk menentukan jumlah pajak penghasilan. Manajer Investasi dapat membentuk pencadangan terhadap liabilitas pajak di masa depan sebesar jumlah yang diestimasikan akan dibayarkan ke kantor pajak jika berdasarkan evaluasi pada tanggal laporan posisi keuangan terdapat risiko pajak yang probable. Asumsi dan estmasi yang digunakan dalam perhitungan pembentukan cadangan tersebut memiliki unsur ketidakpastian.
Significant judgement is needed to determine the amount of income tax. The investment manager may establish reserves the future tax liability by an amount estimated to be paid to the tax office if the evaluation is based on statements of financial position are probable tax risk. The assumptions and estimates used in the calculation of the reserve establishment has an element of uncertainty.
19. MANAJEMEN RISIKO KEUANGAN
19. FINANCIAL RISK MANAGEMENT
Manajer Investasi mengelola instrumen keuangannya sesuai dengan komposisi yang disajikan dalam kebijakan investasi. Aktivitas investasi Reksa Dana terpengaruh oleh berbagai jenis risiko yang berkaitan dengan instrumen keuangan dan risiko pasar di mana Reksa Dana berinvestasi.
Investment Manager maintains position in a variety of financial instruments as dictated by its investment management policy. The Mutual Fund’s investing activities expose it to various types of risk that are associated with the financial instruments and markets in which it invests.
a.
a.
Risiko Pasar
Market Risk Market risk is the risk which the fair value or contractual cash flows in the future from a financial instrument or securities will be affected due to the effects of price changes and / or interest rate markets. Managing this risk in the Mutual Funds Management carried out by evaluation and selection of appropriate securities investments or securities that belong in the investment grade category, which are securities that are liquid and have good fundamentals. To minimize interest rate risk, modified duration debt securities is done in accordance approximate direction of interest rate movements in the future.
Risiko pasar merupakan risiko yang mana nilai wajar atau arus kas kontraktual di masa datang dari suatu instrumen keuangan atau efek akan terpengaruh akibat perubahan harga efek dan/atau suku bunga pasar. Pengelolaan risiko ini dalam pengelolaan Reksa Dana dilakukan dengan cara evaluasi dan pemilihan efek yang layak investasi atau efek yang termasuk kategori investment grade, efek yang likuid dan memiliki fundamental yang baik. Untuk meminimalkan risiko suku bunga dilakukan pengelolaan modified duration efek utang sesuai perkiraan arah pergerakan tingkat suku bunga di masa mendatang.
30
REKSA DANA MANDIRI INVESTA ATRAKTIF SYARIAH CATATAN ATAS LAPORAN KEUANGAN (Lanjutan) Untuk tahun-tahun yang berakhir 31 Desember 2015 dan 2014
REKSA DANA MANDIRI INVESTA ATRAKTIF SYARIAH NOTES TO THE FINANCIAL STATEMENTS (Continued) For the years ended December 31, 2015 and 2014
(Stated in Rupiah, unless otherwise stated)
(Dalam Rupiah, kecuali dinyatakan khusus) 19. MANAJEMEN RISIKO KEUANGAN (Lanjutan) a.
19. FINANCIAL RISK MANAGEMENT (Continued) a.
Risiko Pasar (lanjutan)
- Risk of Economic and Political Change
- Risiko Perubahan Kondisi Ekonomi dan Politik
Changes or deteriorating economic and politic conditions inside or outside the country or the changes of regulations may affect the perspective of income that can also affect the performance of the issuer. This will also affect the performance of the Mutual Fund. This risk is minimized by always updating the information on the social, economic and political development either inside or outside the country, to be used as consideration in managing investment.
Perubahan atau memburuknya kondisi perekonomian dan politik di dalam maupun di luar negeri atau perubahan peraturan dapat mempengaruhi perspektif pendapatan yang dapat pula berdampak pada kinerja emiten. Hal ini akan mempengaruhi juga kinerja Reksa Dana. Risiko ini diminimalisasi dengan cara selalu memutakhirkan informasi tentang perkembangan kondisi sosial, ekonomi dan politik baik dalam ataupun luar negeri, untuk digunakan sebagai bahan pertimbangan dalam pengelolaan investasi. b.
Market Risk (continued)
b.
Analisis Sensitivitas
Sensitivity Analysis
Analisis sensitivitas diterapkan pada variabel risiko pasar yang mempengaruhi kinerja Reksa Dana, yakni harga dan suku bunga. Sensitivitas harga menunjukan dampak perubahan yang wajar dari harga pasar efek dalam portofolio Reksa Dana terhadap jumlah aset bersih yang dapat diatribusikan kepada pemegang unit, jumlah aset keuangan, dan liabilitas keuangan Reksa Dana. Sensitivitas suku bunga menunjukkan dampak perubahan yang wajar dari suku bunga pasar, termasuk yield dari efek dalam portofolio Reksa Dana, terhadap jumlah aset bersih yang dapat diatribusikan kepada pemegang unit, jumlah aset keuangan, dan liabilitas keuangan reksa Dana.
Sensitivity analysis applied to market risk variables that affect the performance of the Fund, in example prices and interest rates. Price sensitivity shows the impact of changes in fair market value of securities in the portfolio to total mutual fund net assets attributable to unit holders, the number of financial assets and financial liabilities of Mutual Funds. Interest rate sensitivity shows the impact of changes in the fair market rate, including the yield of the securities in the portfolio of the Fund, the amount of net assets attributable to unit holders, the number of financial assets and financial liabilities of mutual funds.
Sesuai dengan kebijakan Reksa Dana, Manajer Investasi melakukan analisis dan memantau sensitivitas harga dan suku bunga secara regular.
In accordance with the policy of the Fund, the Investment Manager analyze and monitor the sensitivity of the price and the interest rate on a regular basis.
31
REKSA DANA MANDIRI INVESTA ATRAKTIF SYARIAH CATATAN ATAS LAPORAN KEUANGAN (Lanjutan) Untuk tahun-tahun yang berakhir 31 Desember 2015 dan 2014
REKSA DANA MANDIRI INVESTA ATRAKTIF SYARIAH NOTES TO THE FINANCIAL STATEMENTS (Continued) For the years ended December 31, 2015 and 2014
(Stated in Rupiah, unless otherwise stated)
(Dalam Rupiah, kecuali dinyatakan khusus) 19. MANAJEMEN RISIKO KEUANGAN (Lanjutan) c.
19. FINANCIAL RISK MANAGEMENT (Continued) c.
Risiko Kredit
Credit risk is the risk where the Mutual Fund suffered losses due to issuer or other party fails to fulfill their contractual obligations. Credit risks are minimized by the Investment Manager through the process of evaluating the risks of issuers where their valuable letter would be made as a portfolio of the Mutual Fund and implement an investment policy to only invest in debt securities which are worthy of investment, and limit the investment on one party and/or business group so that the risk not concentrating in one party in accordance with the rules and regulations, and only entered into transactions with the counterparty that has been selected carefully. The selection of investment instruments and counterparty is done through a process of risk evaluation which is then poured in the List of Investment Universe and List of Brokerage Universe (counterparty) approved by the Risk Management Committee.
Risiko kredit adalah risiko dimana Reksa Dana mengalami kerugian yang timbul karena emiten atau pihak lain gagal untuk memenuhi kewajiban kontraktualnya. Risiko kredit diminimalisasi oleh Manajer Investasi melalui proses evaluasi risiko atas emiten yang surat berharganya akan dijadikan portofolio Reksa Dana serta menerapkan suatu kebijakan investasi dengan hanya melakukan investasi pada efek utang yang layak investasi, serta membatasi investasi pada satu pihak dan/atau kelompok usaha agar risiko tidak terkonsentrasi pada satu pihak sesuai dengan peraturan dan ketentuan yang berlaku, serta hanya melakukan transaksi dengan lawan transaksi yang telah diseleksi dengan seksama. Pemilihan instrumen investasi dan lawan transaksi (counterparty) dilakukan melalui proses evaluasi risiko yang kemudian dituangkan dalam Daftar Efek Investasi (investment universe) dan Daftar Pialang (counterparty/broker universe) yang disetujui oleh Komite Pengelola Risiko. d.
Credit Risk
d.
Risiko Likuiditas
Liquidity Risk Liquidity risk is defined as a risk where the mutual fund will find it hard to meet its obligations which is being associated with financial liabilities that are settled with cash. Liquidity risk arises due to the possibility that the manage products are unable to meet the payment of obligations on the due date for the normal or special conditions. This risk is mitigated by maintaining the composition of cash and cash equivalents at least 2% of the total net asset value, and investing in securities that are liquid and which have been through the process of evaluation of the Risk Management Committee.
Risiko likuiditas didefinisikan sebagai risiko yang mana Reksa Dana akan menemukan kesulitan untuk memenuhi kewajibannya yang diasosiasikan dengan kewajiban keuangan yang diselesaikan dengan kas. Risiko likuiditas muncul akibat adanya kemungkinan bahwa Reksa Dana tidak dapat memenuhi kewajiban pembayaran pada jatuh tempo pada keadaan normal ataupun kondisi khusus. Risiko ini dimitigasi dengan cara menjaga komposisi kas dan setara kas setidaknya 2% dari total Nilai Aset Bersih, dan melakukan investasi pada efek yang likuid dan yang sudah melalui proses evaluasi dari Komite Pengelola Risiko.
32
REKSA DANA MANDIRI INVESTA ATRAKTIF SYARIAH CATATAN ATAS LAPORAN KEUANGAN (Lanjutan) Untuk tahun-tahun yang berakhir 31 Desember 2015 dan 2014
REKSA DANA MANDIRI INVESTA ATRAKTIF SYARIAH NOTES TO THE FINANCIAL STATEMENTS (Continued) For the years ended December 31, 2015 and 2014
(Stated in Rupiah, unless otherwise stated)
(Dalam Rupiah, kecuali dinyatakan khusus) 20. STANDAR AKUNTANSI BARU
20. NEW ACCOUNTING STANDARDS
Dewan Standar Akuntansi Keuangan Ikatan Akuntan Indonesia (DSAK-IAI) telah menerbitkan standar baru, revisi dan interpretasi.
Financial Accounting Standards Board Indonesian Institute of Accountants (DSAK-IAI) has issued new standards, revisions and interpretations.
Standar dan interpretasi yang berlaku efektif pada atau setelah tanggal 1 Januari 2015 dan relevan dengan Reksa Dana adalah sebagai berikut :
Standards and interpretations which are effective on or after January 1, 2015 and relevant with the Mutual Fund is as follows :
-
-
-
PSAK 1 (Revisi 2013) “Penyajian Laporan Keuangan” ISAK 26 (Revisi 2014) “ Penilaian Kembali Derivatif Melekat” PSAK 46 (Revisi 2014) “ Pajak Penghasilan” PSAK 50 (Revisi 2014) “ Instrumen Keuangan: Penyajian” PSAK 55 (Revisi 2014) “ Instrumen Keuangan: Pengakuan dan Pengukuran” PSAK 60 (Revisi 2014) “ Instrumen Keuangan: Pengungkapan” PSAK 68 “Pengukuran Nilai Wajar”
-
21. RASIO-RASIO KEUANGAN
SFAS 1 (Revised 2013) "Presentation of Financial Statements" IFAS 26 (Revised 2014) “Reassessment of Embedded Derivatives” SFAS 46 (Revised 2014) “Income Tax” SFAS 50 (Revised 2014) “Financial Instruments: “Presentaion” SFAS 55 (Revised 2014) “Financial Instruments: Recognition and Measurement” SFAS 60 (Revised 2014) “Financial Instruments: Disclosures” SFAS 68 “Fair Value Measurement”
21. FINANCIAL RATIOS
Berikut ini adalah ikhtisar rasio-rasio keuangan Reksa Dana. Rasio-rasio ini dihitung berdasarkan Surat Keputusan Ketua Badan Pengawas Pasar Modal dan Lembaga Keuangan No. KEP-99/PM/1996 tanggal 28 Mei 1996.
Following is a summary of the Mutual Fund’s financial ratios. These ratios are calculated in accordance with the Decree of the Chairman of Capital Market and Financial Institution Supervisory Agency No. KEP-99/PM/1996 dated May 28, 1996.
Rasio keuangan untuk tahun-tahun yang berakhir tanggal 31 Desember 2015 dan 2014 adalah sebagai berikut :
Financial ratio for the years ended December 31, 2015 and 2014 are as follows :
2015
2014
(15,30)
20,97
Total investment return (%)
(17,18)
18.58
Investment return after taking into account marketing expenses (%)
Biaya operasi (%)
3,07
3,24
Operating expenses (%)
Perputaran portofolio
0,83
1,18
Portfolio turnover
-
12,38
Taxable income (%)
Jumlah hasil investasi (%) Hasil investasi setelah memperhitungkan beban pemasaran (%)
Penghasilan kena pajak (%)
33
REKSA DANA MANDIRI INVESTA ATRAKTIF SYARIAH CATATAN ATAS LAPORAN KEUANGAN (Lanjutan) Untuk tahun-tahun yang berakhir 31 Desember 2015 dan 2014
REKSA DANA MANDIRI INVESTA ATRAKTIF SYARIAH NOTES TO THE FINANCIAL STATEMENTS (Continued) For the years ended December 31, 2015 and 2014
(Stated in Rupiah, unless otherwise stated)
(Dalam Rupiah, kecuali dinyatakan khusus)
21. FINANCIAL RATIOS (Continued)
21. RASIO-RASIO KEUANGAN (Lanjutan)
The purpose of the disclosure of the above financial ratios of the Mutual Fund is solely to provide easier understanding on the past performance of the Mutual Fund. These ratios should not be considered as an indication that the future performance would be the same as in the past.
Tujuan penyajian ikhtisar rasio keuangan Reksa Dana ini adalah semata-mata untuk membantu memahami kinerja masa lalu dari Reksa Dana. Rasio-rasio ini seharusnya tidak dipertimbangkan sebagai indikasi bahwa kinerja masa depan Reksa Dana akan sama dengan kinerja masa lalu.
22. REKLASIFIKASI AKUN
22. ACCOUNT RECLASSIFICATION Certain account in profit or loss and other comprehensive income for the year ended December 31, 2014 has been reclassified according to profit or loss and other comprehensive income for the year ended December 31, 2015 as follows:
Akun tertentu dalam laporan laba rugi dan penghasilan komprehensif lain untuk tahun yang berakhir tanggal 31 Desember 2014 telah direklasifikasi kembali sesuai dengan penyajian laporan laba rugi dan penghasilan komprehensif lain untuk tahun yang berakhir tanggal 31 Desember 2015 adalah sebagai berikut Saldo sebelum reklasifikasi
Saldo setelah reklasifikasi
Liabilitas : Lain-lain Pajak
499.897.007 44.695.423
500.456.565 44.135.865
Liabilities : Other Tax payable
Jumlah
544.592.430
544.592.430
Total
Beban : Jasa pengelolaan Jasa kustodian Lain-lain Pajak penghasilan
4.116.531.008 411.653.101 2.123.827.352 1.407.265.294
4.528.184.109 452.818.411 1.879.077.985 1.199.196.250
Expense : Management fee Custody fee Other Income tax
Jumlah
8.059.276.755
8.059.276.755
Total
34
