EPF historical returns data since inception in 1952, current investments overview, dividend calculation, and future performance estimates. Now including EPF Simpanan Shariah returns.
Updated: Apr 2, 2018
EPF Historical Performance
How did EPF perform in 2017
- EPF now manages two saving schemes with two dividend rates.
- EPF Conventional Savings: 2017 dividends of 6.90% with payout of RM44.15b.
- EPF Simpanan Shariah: 2017 dividends of 6.40% with payout of RM3.98b.
- Returns of EPF Conventional higher with outperformance of global banking stocks, and EPF Shariah impairments from oil and gas, and telecommunication counters.
- Returns between EPF Conventional and Shariah will deviate in short term but long-term returns expected to be similar.
- Payout increase up 29.8%.
- Highest ever gross investment income of RM53.14b.
- Cost to AUM (asset under management) increased to 0.26% (2016: 0.25%).
- Cost to gross income down to 2.53% (2016: 2.56%).
- Cot to total asset up to 0.17% (2016: 0.16%).
- EPF overseas exposure: 28%.
EPFs Investments Income Contribution
- Equities (Shares) Investment: 42.23% (31.47b)
- Malaysian Government Securities & Equivalent and Loans & Bonds: 32.84% (17.45b)
- Real Estate & Infrastructure: 5.59% (2.97b)
- Money Market Instruments: 2.33% (1.24b)
- Total Investment Income: 53.14b
EPF Top 30 Equity Holdings
|1||Malaysia Building Society Bhd||65.56%|
|2||RHB Bank Bhd||40.70%|
|3||Malaysian Resources Corporation Bhd||34.90%|
|4||Telekom Malaysia Bhd||18.04%|
|5||Axiata Group Bhd||16.28%|
|7||Genting Plantations Bhd||15.33%|
|8||MBM Resources Bhd||15.08%|
|9||Public Bank Bhd||14.76%|
|10||CIMB Group Holdings Bhd||14.40%|
|11||IJM Corporation Bhd||14.38%|
|12||United Plantations Bhd||14.34%|
|13||IJM Plantations Bhd||14.24%|
|14||Sunway Reit Bhd||14.12%|
|15||Axis Real Estate Investment Bhd||14.03%|
|16||Bermaz Auto Bhd||13.58%|
|17||Media Prima Bhd||13.35%|
|18||BIMB Holdings Bhd||12.72%|
|19||KPJ Healthcare Bhd||12.65%|
|20||Hong Leong Bank Bhd||12.51%|
|21||Malayan Banking Bhd||12.46%|
|22||Fraser & Neave Holdings Bhd||12.30%|
|23||Syarikat Takaful Malaysia Bhd||12.29%|
|24||Cahya Mata Sarawak Bhd||12.26%|
|25||Sime Darby Plantation Bhd||12.02%|
|26||Kuala Lumpur Kepong Bhd||12.01%|
|27||Alliance Bank Malaysia Bhd||11.97%|
|28||Tenaga Nasional Bhd||11.91%|
|30||Yinson Holdings Bhd||11.73%|
How will EPF perform in 2018?
EPF faces a challenging task ahead to achieve returns. For 2017, RM7.02b (up from RM6.50b) was needed for every 1% dividend rate (3x increase from a decade ago). Also to be seen EPFs overseas emerging markets investment performance. Overall market performance in 2018 is expected to be poorer than 2017’s performance.
How are EPF Dividends Calculated?
In order to determine the dividend rate, factors that need to be taken into consideration include net income and total for 1% dividend at year-end.
Dividend Rate = Net income (a) x 1% Total for a 1% dividend (b)
Investment income + Non-investment income – Expenses
Total for a 1% dividend is based on:
Opening balance of contribution (after withdrawal) that obtain dividend for a 12-month period, and
Monthly contribution that obtain pro rated dividend i.e. dividend for the n-month will get (12-n) month dividend. For example, the September contribution (n=9) will obtain a 3 months dividend.
- Your balance from previous year will be given full % dividend
- Your contributions in the current year will be given prorated based on N months. For example:-
- January: 11/12 mths
- February: 10/12 mths
- If you make an EPF withdrawal, the dividends would be pro-rated on daily rest
- If you make a full withdrawal from EPF, you will receive 2.5% for the withdrawal. The remainder returns (if any) will be given after next EPF returns declaration.