Analisis Pengaruh Fund Size, Expense Ratio, Turnover Ratio, Fund Age dan Cash Flow Terhadap Kinerja Reksa Dana Saham di Indonesia (Periode 2011-2015)
Lampiran 1
Daftar Sampel Reksa Dana
Kriteria
No
Produk Reksa Dana
Tanggal
Sampel
1
2
3
4
10-Des-14
√
√
-
-
1
REKSA DANA KHARISMA KAPITAL PRIMA
2
KHARISMA FLEXI TERBATAS
28-Jul-12
√
√
-
-
3
PANIN DANA PRIMA
27-Des-07
√
√
√
-
5
PANIN DANA MAKSIMA
07-Apr-97
√
√
√
-
6
REKSA DANA PANIN DANA TELADAN
14-Apr-15
√
√
-
-
7
REKSA DANA KHARISMA DANA EKUITAS
√
-
-
-
8
REKSA DANA AAA ENHANCED STRATEGY FUND
19-Feb-13
√
√
-
-
9
AAA BLUE CHIP VALUE FUND 2
03-Des-12
√
√
-
-
10
AVRIST EQUITY - CROSS SECTORAL
√
√
-
-
11
REKSA DANA AXA CITRADINAMIS
√
√
√
-
12
REKSA DANA AXA MAESTRODOLLAR
15-Mei-13
05-Agust97
15-Agust13
√
√
-
-
13
REKSA DANA ABERDEEN INDONESIA EQUITY FUND
27-Des-07
√
√
√
-
14
REKSA DANA SENTRA DANA EKUITAS
08-Mei-15
√
√
-
-
15
REKSA DANA ASHMORE DANA USD EQUITY NUSANTARA
18-Mei-15
√
√
-
-
16
ASHMORE DANA PROGRESIF NUSANTARA
11-Feb-13
√
√
-
-
17
ASHMORE DANA EKUITAS NUSANTARA
11-Feb-13
√
√
-
-
18
REKSA DANA AAA Blue Chip Value Fund
√
-
-
-
REKSA DANA AAA EQUITY FUND
√
-
-
-
19
20
BNI REKSA DANA BERKEMBANG
01-Okt-96
√
√
√
-
21
RD BNI - AM DANA SAHAM BANDAKALA
03-Feb-15
√
√
-
-
22
REKSA DANA BNI-AM DANA SAHAM INSPIRING EQUITY FUND
07-Apr-14
√
√
-
-
23
BNP PARIBAS PESONA
10-Okt-97
√
√
√
-
24
BNP PARIBAS STAR
15-Jun-11
√
√
-
-
25
BNP PARIBAS MAXI SAHAM
28-Jan-10
√
√
√
-
26
BNP PARIBAS INSPIRA
12-Jan-12
√
√
-
-
27
BNP PARIBAS ASTRO
14-Apr-14
√
√
-
-
28
BNP PARIBAS EKUITAS
16-Jan-01
√
√
√
√
29
REKSA DANA BNP PARIBAS SOLARIS
√
√
√
-
30
REKSA DANA BNP PARIBAS INSFRASTRUKTUR PLUS
15-Mei-08
08-Mar07
√
√
√
√
31
REKSA DANA EKUITAS PRIMA
13-Feb-06
√
√
√
-
32
REKSA DANA EKUITAS ANDALAN
√
√
√
-
33
BAHANA DANA PRIMA
13-Mei-04
06-Agust96
√
√
√
-
34
REKSA DANA BAHANA TRAILBLAZER FUND
04-Jun-13
√
√
-
-
35
REKSA DANA BAHANA PRIMAVERA 99
05-Sep-14
√
√
-
-
1
2
73
Universitas Sumatera Utara
Lanjutan Lampiran 1
Kriteria
No
Produk Reksa Dana
Tanggal
Sampel
1
2
3
4
36
BATAVIA DANA SAHAM
16-Des-96
√
√
√
-
37
REKSA DANA BATAVIA ENHANCED EQUITY STRATEGY
√
√
-
-
38
BATAVIA DANA SAHAM OPTIMAL
09-Feb-16
19-Okt06
√
√
√
√
39
ABN AMRO Indonesia Equity Value Fund
√
-
-
-
40
REKSA DANA CIMB-PRINCIPAL SMART EQUITY FUND
18-Des-14
√
√
-
-
41
REKSA DANA CIMB-PRINCIPAL INDO DOMESTIC EQUITY FUND
11-Apr-13
√
√
-
-
42
CIMB-PRINCIPAL EQUITY AGGRESSIVE
01-Jul-05
√
√
√
√
43
REKSA DANA CIMB - PRICIPAL EQUITY FOCUS
29-Apr-13
√
√
-
-
44
RENCANA CERDAS
09-Jul-99
√
√
√
-
45
REKSA DANA CIPTA PRIMA
√
√
-
-
46
REKSA DANA CIPTA ALPHA EQUITY
25-Mei-15
03-Mar15
√
√
-
-
47
REKSA DANA CIPTA BETA EQUITY
11-Des-14
√
√
-
-
48
REKSA DANA CIPTA GEMILANG EQUITY
√
√
-
-
49
GROW-2-PROSPER
√
√
√
-
50
CORFINA GROW-2-PROSPER ROTASI STRATEGIS
28-Mar07
14-Nop13
√
√
-
-
51
REKSA DANA DANAREKSA MAWAR EKUITAS PLUS
14-Apr-15
√
√
-
-
52
Reksa Dana Danareksa Mawar Rotasi Sektor Strategis
27-Sep-12
√
√
-
-
53
Danareksa Mawar
17-Jul-96
√
√
√
-
54
REKSA DANA DANAREKSA MAWAR KONSUMER 10
16-Feb-11
√
√
-
-
55
REKSA DANA DANAREKSA MAWAR KOMODITAS 10
√
√
-
-
56
REKSA DANA DANAREKSA MAWAR FOKUS 10
√
√
√
-
57
REKSA DANA EMCO GROWTH FUND
√
√
√
-
58
REKSA DANA MAKINTA MANTAP
16-Feb-11
02-Mar10
11-Mar08
11-Agust05
√
√
-
-
59
REKSA DANA ABERDEEN INDONESIA SECTOR LEADER
√
-
-
-
60
REKSA DANA EURO PEREGRINE EQUITY
√
√
-
-
√
√
√
-
√
√
√
-
3
4
61
FIRST STATE INDOEQUITY VALUE SELECT FUND
62
FS INDOEQUITY DIVIDEND YIELD FUND
11-Mar08
11-Agust05
63
FIRST STATE INDOEQUITY OPPORTUNITIES FUND – USD
08-Jan-14
√
√
-
-
64
FIRST STATE INDOEQUITY HIGH CONVICTION FUND
09-Jan-12
√
√
-
-
65
FIRST STATE INDOEQUITY SECTORAL FUND
24-Des-04
√
√
√
√
5
66
REKSA DANA FIRST STATE INDO EQUITY PEKA FUND
14-Jan-10
√
√
√
√
6
67
REKSA DANA GAP EQUITY FOCUS FUND
17-Jun-15
√
√
-
-
68
GAP VALUE FUND
12-Okt-12
√
√
-
-
69
GAP EQUITY FUND
10-Mei-12
√
√
-
-
70
MAYBANK GMT DANA EKUITAS
23-Apr-07
√
√
√
-
74
Universitas Sumatera Utara
Lanjutan Lampiran 1
Kriteria
No
Produk Reksa Dana
Tanggal
Sampel
1
2
3
4
71
REKSA DANA HPAM SAHAM DINAMIS
01-Des-14
√
√
-
-
72
REKSADANA HPAM ULTIMA EKUITAS
07-Des-09
√
√
√
-
73
I AM EQUITY FUND
02-Apr-14
√
√
-
-
74
REKSA DANA INSIGHT WEALTH (I-WEALTH)
√
√
-
-
75
JISAWI PROGRESIF
15-Okt-14
27-Mar12
√
√
-
-
76
REKSA DANA BNI-AM DANA SEKTORAL DINAMIS
√
-
-
-
77
REKSA DANA LIPPO EQUITY PLUS
√
√
-
-
78
REKSADANA LAUTANDHANA EQUITY
30-Apr-15
27-Mar07
√
√
√
-
79
REKSA DANA LAUTANDHANA SAHAM MAHADI
√
√
-
-
80
REKSA DANA LAUTANDHANA EQUITY PLUS
18-Sep-15
10-Agust15
√
√
-
-
81
REKSA DANA LAUTANDHANA VALUE FUND
07-Okt-15
√
√
-
-
82
REKSA DANA LAUTANDHANA SAHAM LIKUID
02-Mei-14
√
√
-
-
83
Reksa Dana Lautandhana Saham Prima
08-Mei-13
√
√
-
-
84
REKSA DANA LAUTANDHANA EQUITY PROGRESIF
√
√
√
-
85
LAUTANDHANA EQUITY AGRESIF
√
√
-
-
86
REKSA DANA LAUTANDHANA SAHAM INTI
√
√
-
-
87
REKSA DANA LAUTANDHANA SAHAM LESTARI
√
√
-
-
88
REKSA DANA LAUTANDHANA GROWTH FUND
16-Jul-09
09-Nop14
20-Agust13
27-Nop15
12-Agust14
√
√
-
-
89
REKSA DANA BNP PARIBAS ORION
√
-
-
-
12-Mar12
√
√
-
-
90
MEGA ASSET MAXIMA
91
MEGA ASSET GREATER INFRASTRUCTURE
06-Sep-12
√
√
-
-
92
REKSA DANA MEGA DANA CAPITAL GROWTH
√
√
-
-
93
REKSA DANA MILLENIUM EQUITY
17-Des-13
17-Mar08
√
√
√
-
94
REKSA DANA MILLENIUM BERKEMBANG
√
√
√
-
95
REKSADANA MILLENIUM DYNAMIC EQUITY FUND
12-Mei-04
13-Agust13
√
√
-
-
96
MILLENIUM EQUITY GROWTH FUND
13-Jan-13
√
√
-
-
97
MILLENIUM EQUITY PRIMA PLUS
12-Mei-14
√
√
-
-
98
REKSA DANA MNC DANA SAHAM II
-
√
√
-
-
99
REKSA DANA MNC DANA SAHAM
-
√
√
-
-
100
REKSA DANA MNC DANA EKUITAS
19-Jun-08
101
102
√
√
√
-
Bahana Dana Prima
√
-
-
-
REKSA DANA PENYERTAAN TERBATAS BAHANA PRIVATE
EQUITY PELABUHAN
√
-
-
-
REKSA DANA BAHANA EQUITY SMART
√
-
-
-
104
MANDIRI INVESTA UGM ENDOWMENT PLUS
15-Jul-08
√
√
√
-
105
MANDIRI ASA SEJAHTERA
08-Feb-13
√
√
-
-
103
75
Universitas Sumatera Utara
Lanjutan Lampiran 1
Kriteria
No
Produk Reksa Dana
Tanggal
22-Nop13
19-Nop13
21-Mar11
Sampel
1
2
3
4
√
√
-
-
√
√
-
-
√
√
-
-
106
REKSA DANA MANDIRI INVESTA EQUITY ASEAN 5
107
REKSA DANA MANDIRI INVESTA EQUITY DYNAMO FACTOR
108
MANDIRI INVESTA EKUITAS DINAMIS
109
REKSADANA MANDIRI SAHAM ATRAKTIF
26-Okt-11
√
√
-
-
110
REKSA DANA MANDIRI SAHAM DINAMIS
-
√
√
-
-
111
REKSA DANA MANDIRI INVESTA EQUITY MOVEMENT
√
√
-
-
112
REKSA DANA MANDIRI DYNAMIC EQUITY
√
√
-
-
113
REKSA DANA MANDIRI INVESTA ATRAKTIF
√
√
√
-
114
Manulife Dana Saham
√
√
√
√
7
115
MANULIFE SAHAM ANDALAN
√
√
√
√
8
116
REKSA DANA MANULIFE DANA SAHAM UTAMA
03-Okt-12
05-Nop12
30-Agust05
01-Agust03
01-Nop07
11-Nop15
√
√
-
-
117
REKSA DANA MANULIFE SAHAM STRATEGI UNGGULAN
27-Jun-14
√
√
-
-
118
MANULIFE INSTITUTIONAL EQUITY FUND
25-Jul-11
√
√
-
-
119
MANULIFE GREATER INDONESIA FUND
14-Sep-11
√
√
-
-
120
MANULIFE SAHAM SMC PLUS
27-Feb-13
√
√
-
-
121
BATAVIA DANA SAHAM AGRO
√
-
-
-
REKSA DANA SI DANA BATAVIA SAHAM
√
-
-
-
25-Jun-13
√
√
-
-
12-Nop12
√
√
-
-
√
√
-
-
-
√
√
-
-
09-Sep-13
√
√
-
-
122
123
NARADA SAHAM INDONESIA
124
NIKKO SAHAM PEMBANGUNAN INDONESIA
125
NIKKO INDONESIA EQUITY FUND
126
REKSA DANA OSO CELEBES EQUITY FUND
127
OSO SUSTAINABILITY FUND
128
Niaga Saham
√
-
-
-
129
REKSA DANA DANAREKSA MAWAR AGRESIF
√
-
-
-
130
REKSA DANA DANAREKSA EQUITY FOCUS
√
-
-
-
√
√
-
-
√
√
-
-
√
√
-
-
23-Nop15
131
REKSA DANA OSO BORNEO EQUITY FUND
132
REKSA DANA PACIFIC EQUITY FLEXI FUND
133
REKSA DANA PACIFIC EQUITY PROGRESIF FUND
23-Des-15
02-Mar15
134
REKSA DANA PACIFIC EQUITY OPTIMUM FUND
20-Okt-15
√
√
-
-
135
REKSA DANA PACIFIC EQUITY FUND
√
√
-
-
136
REKSA DANA PACIFIC EQUITY GROWTH FUND
17-Des-13
21-Mar14
√
√
-
-
137
REKSA DANA PACIFIC SAHAM SYARIAH
07-Jan-15
√
√
-
-
138
PG SAHAM DINAMIS
15-Sep-15
√
√
-
-
139
MAHANUSA DANA EKUITAS
√
-
-
-
140
Reksa Dana Dana Sentosa
√
-
-
-
76
Universitas Sumatera Utara
Lanjutan Lampiran 1
Kriteria
No
141
Produk Reksa Dana
Tanggal
REKSA DANA EURO PEREGRINE EQUITY
Sampel
1
2
3
4
√
-
-
-
√
√
-
-
√
√
-
-
142
PNM SAHAM AGRESIF
143
REKSA DANA PHILLIP EQUITY
03-Agust11
10-Agust15
144
PHILLIP PRIME EQUITY
20-Apr-15
√
√
-
-
145
PRATAMA SAHAM
√
√
√
-
146
PRATAMA INVESTA MANDIRI SAHAM
01-Mei-06
23-Mar15
√
√
-
-
147
REKSADANA PRATAMA DANA PRIMA SAHAM
17-Sep-14
√
√
-
-
148
PRATAMA DANA DINAMIS SAHAM
√
√
-
-
149
PRATAMA DANA OPTIMUM SAHAM
12-Okt-15
06-Mar15
√
√
-
-
150
REKSADANA DANA PRATAMA EKUITAS
12-Feb-14
√
√
-
-
151
REKSA DANA PRATAMA EQUITY
12-Feb-10
√
√
√
-
152
PRATAMA DANA MAKSIMUM SAHAM
√
√
-
-
153
REKSA DANA PRATAMA DANA GEMILANG SAHAM
√
√
-
-
154
REKSADANA PRATAMA DANA INVESTASI SAHAM
13-Jul-15
23-Nop15
15-Agust14
√
√
-
-
155
PRATAMA DANA ULTIMA SAHAM
20-Apr-15
√
√
-
-
156
RD PRATAMA DANA PRESTASI SAHAM
01-Des-15
√
√
-
-
157
REKSA DANA PRATAMA DANA ATRAKTIF SAHAM
-
√
√
-
-
158
REKSA DANA JAKARTA BLUE CHIP
√
-
-
-
159
RD SAHAM BUMN
√
-
-
-
160
REKSA DANA JISAWI SAHAM
√
-
-
-
LAUTANDHANA SAHAM PRIMA
√
-
-
-
161
162
LAUTANDHANA SAHAM INTI
√
-
-
-
163
REKSA DANA PROSPERA DANA BERKEMBANG
17-Jun-15
√
√
-
-
164
PROSPERA BIJAK
01-Jul-11
√
√
-
-
165
PROSPERA BUMN GROWTH FUND
08-Mei-15
√
√
-
-
166
REKSA DANA QUANT INVESTA SAHAM
10-Des-14
√
√
-
-
167
REKSA DANA RHB EQUITY OPPORTUNITY FUND
√
√
-
-
168
RHB OSK ALPHA SECTOR ROTATION
18-Agust10
√
√
-
-
169
RHB PRIME EQUITY FUND
23-Apr-13
√
√
-
-
REKSA DANA MEGA DANA EKUITAS
√
-
-
-
REKSA DANA MEGA DANA SAHAM
√
-
-
-
RDPT MEGA SAHAM MAXIMA
√
-
-
-
Reksadana Big Nusantara
√
-
-
-
174
Reksadana Big Palapa
√
-
-
-
175
RELIANCE DANA SAHAM
√
√
-
-
170
171
172
173
20-Jan-16
77
Universitas Sumatera Utara
Lanjutan Lampiran 1
Kriteria
No
Produk Reksa Dana
Tanggal
Sampel
1
2
3
4
176
REKSA DANA SUCORINVEST MAXI FUND
01-Okt-14
√
√
-
-
177
REKSA DANA SUCORINVEST SAHAM DINAMIS
19-Okt-15
√
√
-
-
178
SUCORINVEST EQUITY FUND
√
√
-
-
179
Reksa Dana SAM Dana Cerdas
08-Mei-12
17-Mar15
√
√
-
-
180
SAM INDONESIAN EQUITY FUND
18-Okt-11
√
√
-
-
181
MANDIRI SAHAM PRIMA
√
-
-
-
182
Phinisi Dana Saham
√
-
-
-
183
Reksa Dana MNCAPITAL NUSANTARA SAHAM
√
-
-
-
184
Schroder Dana Prestasi Plus
12-Sep-00
√
√
√
√
185
SCHRODER DANA PRESTASI DINAMIS
10-Okt-11
√
√
-
-
186
REKSA DANA SCHRODER DANA ISTIMEWA
√
√
√
-
187
REKSA DANA SCHRODER INDO EQUITY FUND
27-Des-04
31-Agust09
√
√
√
-
188
REKSA DANA SCHRODER 90 PLUS EQUITY FUND
21-Apr-10
√
√
√
-
189
REKSA DANA SCHRODER DANA PRESTASI PRIMA
18-Des-15
√
√
-
-
190
REKSA DANA SCHRODER DANA PRESTASI
29-Mei-97
√
√
√
-
191
REKSA DANA NIKKO SAHAM NUSANTARA
√
-
-
-
√
-
-
-
√
-
-
-
-
√
√
-
-
193
REKSA DANA PENYERTAAN TERBATAS NIKKO INDONESIA
INFRASTRUCTURE
REKSA DANA PENYERTAAN TERBATAS NIKKO INDONESIA
HOSPITALITY
194
SEMESTA DANA SAHAM
195
REKSA DANA SIMAS DANAMAS SAHAM
05-Okt-07
√
√
√
-
196
REKSA DANA SIMAS SAHAM UNGGULAN
√
√
-
-
197
REKSA DANA SIMAS SAHAM BERTUMBUH
√
√
-
-
198
REKSA DANA SIMAS SYARIAH UNGGULAN
18-Des-12
25-Agust15
08-Agust14
√
√
-
-
199
OSO DEFENSIVE FUND
√
-
-
-
200
REKSA DANA PARAMITRA PREMIUM
√
-
-
-
Bima
√
-
-
-
Arjuna
√
-
-
-
203
PRATAMA EQUITY
√
-
-
-
204
SYAILENDRA EQUITY FUND
07-Jun-07
√
√
√
-
205
SYAILENDRA EQUITY OPPORTUNITY FUND
206
SYAILENDRA EQUITY ALPHA FUND
207
208
192
201
202
-
√
√
-
-
√
√
-
-
SYAILENDRA DANA EKUITAS PLUS
31-Okt-12
12-Mar15
√
√
-
-
REKSA DANA SYAILENDRA MARKET LEADER FUND
16-Sep-15
√
√
-
-
209
REKSA DANA SYAILENDRA DANA EKUITAS SEJAHTERA
√
√
-
-
210
TF SUPER MAXXI
08-Jan-15
25-Mar14
√
√
-
-
9
78
Universitas Sumatera Utara
Lanjutan Lampiran 1
Kriteria
No
Produk Reksa Dana
211
REKSA DANA TRIM KAPITAL PLUS
212
TRAM ASA EQUITY
213
TRAM CONSUMPTION PLUS
214
REKSA DANA TRIMEGAH BHAKTI BANGSA
215
REKSA DANA TRIMEGAH GTWS FUJI EQUITY
216
TRIM Kapital
217
TRAM INFRASTRUCTURE PLUS
218
219
220
221
Tanggal
Sampel
1
2
3
4
26-Mei-08
√
√
√
-
-
√
√
-
-
05-Mei-11
√
√
-
-
-
√
√
-
-
20-Mar97
28-Mar12
√
√
-
-
√
√
√
-
√
√
-
-
REKSA DANA CAPITAL EQUITY FUND
√
-
-
-
Rifan Syariah
√
-
-
-
RHB OSK INDONESIA DYNAMIC RESOURCES PLUS
√
-
-
-
√
-
-
-
√
√
-
-
√
√
-
-
√
√
-
-
OSK NUSADANA EQUITY FOCUS
20-Agust14
01-Agust12
19-Agust12
222
REKSADANA VALBURY EQUITY I
223
225
ARCHIPELAGO EQUITY GROWTH
REKSA DANA SAHAM EASTSPRING INVESTMENTS ALPHA
NAVIGATOR
REKSA DANA SAHAM EASTSPRING INVESTMENTS VALUE
DISCOVERY
29-Mei-13
√
√
-
-
226
REKSA DANA PREMIER EKUITAS
03-Des-15
√
√
-
-
227
PREMIER EKUITAS MAKRO PLUS
05-Sep-13
√
√
-
-
228
REKSA DANA RELIANCE EQUITY FUND
√
-
-
-
229
SYAILENDRA EQUITY DYNAMIC FUND
√
-
-
-
230
TF-PANDAWA
√
-
-
-
231
TRAM EQUITY FOCUS
√
-
-
-
232
REKSADANA INDOSURYA EQUITY FUND
√
√
-
-
233
MAJORIS SAHAM ALOKASI DINAMIK INDONESIA
30-Nop15
√
√
-
-
234
PINNACLE STRATEGIC EQUITY FUND
15-Okt-15
√
√
-
-
235
RD INDOSURYA EQUITY FUND
√
-
-
-
REKSADANA INDOSURYA EQUITY FUND
√
-
-
-
236
191
46
9
224
236
Total
9
79
Universitas Sumatera Utara
Lampiran 2
Data Bulanan SBI Tahun 2011-2015
Januari
Februari
Maret
April
Mei
Juni
Juli
Agustus
September
Oktober
November
Desember
2011
0,0608
0,0671
0,0672
0,0718
0,0736
0,0736
0,0728
0,0678
0,0628
0,0577
0,0522
0,0504
2012
0,0600
0,0575
0,0575
0,0575
0,0575
0,0575
0,0575
0,0575
0,0575
0,0575
0,0575
0,0575
2013
0,0650
0,0650
0,0600
0,0575
0,0575
0,0575
0,0575
0,0700
0,0725
0,0750
0,0750
0,0725
2014
0,0750
0,0750
0,0750
0,0750
0,0750
0,0750
0,0750
0,0750
0,0750
0,0750
0,0775
0,0775
2015
0,0693
0,0667
0,0665
0,0666
0,0666
0,0667
0,0669
0,0675
0,0710
0,0710
0,0710
0,0710
Lampiran 3
Data Kinerja Reksa Dana Saham Tahun 2011-2015
Reksa Dana
Batavia Dana Saham
Optimal
BNP Paribas
Ekuitas
BNP Paribas
Infrastruktur Plus
Cimb-Principal
Equity Aggressive
First State
IndoEquity Dividend
Yield Fund
First State
IndoEquity Sectoral
Fund
Manulife Dana
Saham
Manulife Saham
Andalan
Schroder Dana
Prestasi Plus
2011
2012
2013
2014
2015
-1,028440
-0,698783
-0,897680
-1,686537
-1,693620
-0,976636
-0,863586
-1,150192
-2,388515
-1,471371
-1,073074
-0,754347
-1,106477
-2,035985
-1,544094
-1,145578
-1,037432
-0,960764
-1,494915
-1,484285
-1,047988
-0,876848
-1,216814
-2,097841
-1,519096
-1,019270
-0,906524
-1,247039
-2,150096
-1,452041
-1,148263
-0,939836
-1,274399
-2,413776
-1,533676
-1,061198
-0,818303
-1,030801
-2,186580
-1,508572
-1,031880
-1,021274
-1,151797
-2,337222
-1,374487
80
Universitas Sumatera Utara
Lampiran 4
Data Nilai Aktiva bersih Reksa Dana Saham Tahun 2011-2015
Reksa
Dana
Batavia
Dana
Saham
Optimal
BNP
Paribas
Ekuitas
BNP
Paribas
Infrastruktur
Plus
CimbPrincipal
Equity
Aggressive
First State
IndoEquity
Dividend
Yield Fund
Bulan
2011
2012
2013
2014
2015
Jan
Feb
107.788.313.803,30
119.362.641.298,01
226.784.837.211,95
431.765.325.931,10
1.009.412.322.954,16
110.594.865.071,95
119.942.012.829,08
247.604.038.792,51
426.651.682.234,87
1.077.754.341.689,29
Mar
118.532.057.256,02
117.333.565.849,29
275.230.349.020,56
482.655.940.996,71
1.184.499.653.477,52
Apr
121.659.278.885,79
105.602.611.024,64
363.910.449.091,78
520.090.218.744,98
1.067.658.766.811,03
Mei
119.704.072.401,69
103.623.139.306,35
350.215.854.699,11
494.037.773.791,89
1.077.651.059.990,26
Jun
120.951.501.318,33
108.103.534.950,29
394.205.096.032,66
505.815.121.988,17
998.166.951.699,19
Jul
104.666.772.413,37
52.741.270.070,34
390.222.442.768,60
509.305.871.920,05
962.050.076.741,24
Agu
107.788.325.699,74
49.887.241.697,29
352.799.595.868,17
583.815.159.349,37
887.511.045.695,98
Sept
99.046.755.134,87
63.041.086.138,50
362.244.099.054,07
600.947.704.441,21
832.892.953.492,99
Okt
107.637.317.703,43
125.234.204.288,14
384.125.561.307,96
655.321.326.228,38
998.580.670.101,07
Nov
109.953.379.240,92
192.545.605.500,02
365.666.440.917,61
928.885.948.366,01
901.695.851.305,35
Des
112.217.016.384,87
224.793.718.823,01
415.598.998.127,07
995.033.965.973,35
923.231.649.026,58
Jan
6.725.148.242.931,12
6.017.546.504.656,22
5.757.035.435.904,56
5.554.002.121.711,57
4.547.132.190.025,57
Feb
7.065.419.850.473,96
5.132.338.695.531,34
6.062.811.488.039,43
5.774.512.062.646,13
4.618.751.239.389,22
Mar
7.539.217.915.252,13
4.910.463.691.285,68
6.450.732.446.821,06
5.938.203.260.262,36
5.553.914.416.076,15
Apr
7.576.804.095.481,90
4.875.609.523.670,87
6.250.926.663.020,01
5.791.054.873.194,55
5.157.834.620.057,92
Mei
7.585.508.573.351,10
5.434.638.412.976,31
6.198.462.481.327,78
5.586.215.854.718,80
5.686.023.430.223,47
Jun
7.528.932.964.225,52
5.923.978.233.173,19
6.020.412.661.313,74
5.780.219.709.935,24
5.290.744.491.513,43
Jul
7.052.561.549.714,59
5.832.854.033.789,24
5.823.823.899.933,71
4.608.120.239.979,22
4.526.595.073.388,78
Agu
6.889.935.360.539,82
5.493.997.308.334,05
5.219.785.386.868,61
4.242.586.669.370,97
4.292.360.818.604,42
Sept
6.367.806.311.063,71
6.064.465.581.926,02
5.368.504.068.833,40
4.224.745.833.784,02
4.124.053.486.151,19
Okt
6.785.803.262.043,30
5.706.699.719.739,75
5.439.143.541.785,90
4.373.165.817.490,08
4.258.584.354.653,53
Nov
6.633.234.041.112,13
5.548.512.513.617,93
5.161.602.451.063,94
4.373.583.858.976,11
4.117.453.373.505,90
Des
6.667.926.602.736,11
5.836.795.366.294,75
5.327.842.897.823,23
4.487.608.600.961,56
4.290.701.125.662,25
Jan
1.892.619.557.884,23
1.254.229.873.478,79
1.382.237.486.882,51
2.475.580.701.980,38
6.348.824.450.525,18
Feb
1.967.498.896.499,62
1.235.855.693.488,45
1.682.230.599.802,39
2.632.369.609.765,84
5.069.846.611.867,22
Mar
2.007.537.953.424,74
1.233.901.675.903,21
1.953.317.845.090,05
2.704.640.093.088,14
4.669.562.889.620,62
Apr
1.926.872.154.300,12
1.222.114.856.789,50
2.157.107.762.968,70
2.973.547.709.254,43
3.980.850.451.743,00
Mei
1.812.545.612.090,67
997.071.964.092,90
2.452.731.389.972,51
3.075.187.830.688,31
3.953.793.143.811,48
Jun
1.806.744.465.964,36
1.013.226.608.594,03
2.456.652.460.458,68
3.698.044.337.958,61
3.594.814.808.697,11
Jul
1.753.889.504.597,35
1.000.037.169.357,06
2.313.671.694.106,65
4.124.971.900.741,86
3.376.643.214.337,05
Agu
1.505.748.048.116,41
882.028.385.460,88
2.128.881.231.039,15
4.879.276.999.136,02
3.038.314.967.847,12
Sept
1.338.991.788.692,97
936.266.752.656,34
2.246.461.279.928,53
5.852.575.015.138,14
2.969.590.401.344,66
Okt
1.427.027.122.392,88
972.541.110.609,69
2.424.198.039.248,62
6.491.970.236.861,81
3.356.125.905.515,33
Nov
1.322.487.651.238,14
1.088.049.190.328,14
2.348.463.811.307,34
7.041.096.294.278,45
3.167.016.155.641,44
Des
1.305.732.126.731,82
31.809.599.073,03
1.428.484.007.753,49
28.756.410.075,52
2.374.883.709.809,16
43.371.463.963,98
7.592.734.656.737,17
45.719.986.636,56
3.240.076.698.306,66
129.969.878.196,79
Jan
Feb
31.701.100.406,91
31.248.616.570,58
48.300.917.403,02
51.629.831.609,28
113.019.515.912,44
Mar
32.775.933.493,22
27.035.577.046,31
49.262.473.831,44
69.174.576.930,53
133.417.401.369,39
Apr
31.096.087.793,29
36.770.155.263,34
54.130.075.336,24
105.776.276.977,85
120.840.741.019,52
Mei
30.152.657.259,04
38.081.691.263,38
59.476.073.310,28
133.193.627.122,07
112.468.141.890,81
Jun
30.536.710.810,75
43.447.988.756,54
56.261.622.165,81
131.053.120.189,16
102.540.795.822,70
Jul
29.764.957.993,68
41.999.562.460,42
47.946.046.491,41
127.019.359.760,27
98.110.151.449,71
Agu
27.186.084.089,55
37.494.677.132,18
41.899.409.470,17
125.462.115.418,69
90.766.033.667,70
Sept
24.703.773.581,41
38.188.249.640,70
43.097.663.000,76
94.667.648.601,55
84.004.819.690,79
Okt
26.493.546.036,34
39.178.925.422,01
45.018.752.930,71
89.509.071.600,57
91.942.430.635,50
Nov
25.421.578.048,84
43.380.333.236,26
41.190.217.664,57
78.704.463.563,76
94.401.955.921,51
Des
28.400.917.731,71
43.135.487.417,13
43.484.967.076,79
101.557.806.196,54
103.061.916.916,90
Jan
48,731,087,892.00
54,141,356,168.00
102,695,645,390.00
398,353,469,929.12
447,656,656,507.44
Feb
49,803,862,456.00
58,623,592,784.00
91,491,645,745.00
435,764,175,324.70
358,365,850,120.23
Mar
52,011,376,847.00
59,946,135,824.00
85,462,588,127.00
478,415,606,636.12
659,662,703,094.23
Apr
52,142,454,261.00
59,473,307,848.00
90,835,651,565.00
490,087,882,499.12
625,475,821,853.23
Mei
52,013,824,969.00
51,140,150,903.00
101,417,788,744.00
476,691,652,076.12
389,565,870,233.28
Jun
55,106,623,045.00
53,538,114,792.00
432,458,593,568.00
497,574,774,900.12
464,821,708,063.28
Jul
56,852,053,946.00
56,207,114,743.00
416,754,076,187.00
650,714,341,786.12
446,106,538,334.28
Agu
52,565,074,638.00
55,514,558,157.00
381,733,004,970.58
679,078,061,080.12
573,214,983,386.08
Sept
48,945,567,846.00
58,455,418,798.00
389,960,546,384.00
688,181,486,416.12
562,906,006,299.08
Okt
52,982,618,566.00
71,347,512,755.00
407,223,385,583.22
553,797,765,033.20
799,745,930,884.42
Nov
51,901,032,016.00
93,483,820,800.00
378,810,182,299.12
583,937,784,295.20
760,740,335,774.41
Des
52,781,088,565.00
102,778,781,329.00
376,153,563,139.12
549,773,987,186.20
817,848,968,256.41
81
Universitas Sumatera Utara
Lanjutan lampiran 4
Reksa
Dana
First State
IndoEquity
Sectoral
Fund
Bulan
Jan
Feb
Mar
Apr
Mei
Jun
Jul
Agu
Sept
Okt
Nov
Des
Jan
Feb
Mar
Apr
Mei
Manulife
Dana
Saham
Jun
Jul
Agu
Sept
Okt
Nov
Des
Manulife
Saham
Andalan
Jan
2011
2012
2013
2014
2015
1,389,274,633,591.89
1,695,733,020,232.42
2,250,933,927,501.41
1,773,370,551,308.57
1,418,794,327,847.43
1,449,859,154,923.32
1,748,290,570,471.12
2,301,398,578,791.81
2,068,013,791,948.91
1,408,509,670,200.61
1,531,772,258,948.07
1,831,269,760,942.75
2,482,473,487,866.33
1,977,777,592,744.62
1,303,147,695,491.51
1,572,551,755,486.54
1,849,510,866,700.14
2,474,370,379,815.83
1,625,730,839,873.49
1,180,456,174,995.68
1,576,873,080,088.54
1,785,253,265,365.68
2,417,417,140,559.04
1,549,923,193,559.16
1,191,666,274,456.07
1,599,160,432,205.45
1,907,076,070,170.35
1,994,712,910,115.02
1,536,925,198,679.99
1,158,179,519,538.40
1,665,949,191,616.16
2,039,682,988,664.33
1,851,534,842,165.82
1,542,842,530,526.79
1,135,208,611,491.76
1,649,823,832,719.62
1,914,546,791,846.24
1,663,170,241,586.81
1,518,269,940,362.84
936,621,120,713.19
1,544,974,811,958.53
2,120,700,928,737.32
1,780,954,404,488.28
1,491,546,029,863.96
853,797,003,100.54
1,696,639,343,551.81
2,612,390,005,131.30
1,817,133,677,318.93
1,553,050,517,307.23
868,134,998,769.14
1,766,685,251,570.15
2,333,138,880,917.04
1,752,919,035,636.20
1,522,580,922,449.69
840,461,218,973.38
1,675,310,591,031.29
2,308,775,412,524.76
1,758,239,780,879.83
1,475,821,597,835.04
867,831,436,841.85
2.720.755.177.936,74
3.071.828.863.458,37
3.125.059.474.590,15
2.508.045.552.036,64
2.322.869.753.330,29
2.825.170.747.425,95
3.085.455.658.259,78
3.181.439.317.098,39
2.571.296.138.817,14
2.262.886.562.806,67
3.081.123.224.409,90
3.134.184.197.133,03
3.234.638.632.259,46
2.626.772.428.042,03
2.519.588.626.994,09
3.355.796.461.939,93
3.122.536.566.715,11
3.206.979.377.955,07
2.668.328.627.824,08
2.474.317.229.089,72
3.453.915.619.656,84
2.882.344.340.798,64
3.122.249.166.714,42
2.636.990.625.124,83
2.486.681.204.082,48
3.383.059.974.750,10
2.972.351.702.236,34
2.977.678.235.632,13
2.636.737.324.059,20
2.316.352.776.567,82
3.466.069.323.079,35
3.090.290.547.424,76
2.806.584.840.267,80
2.622.907.676.856,79
2.200.099.822.960,40
3.177.444.923.448,56
2.986.885.547.570,85
2.593.400.085.042,90
2.543.882.133.508,92
1.984.665.532.053,43
2.897.778.330.368,47
3.102.216.897.702,91
2.566.711.692.288,22
2.501.734.845.274,05
1.865.174.701.241,69
3.129.821.512.591,07
3.174.337.259.517,09
2.690.664.990.914,30
2.489.564.235.581,48
1.206.547.185.652,28
3.023.560.035.429,30
3.188.466.285.545,80
2.525.279.286.063,69
2.479.313.061.667,97
1.185.027.227.869,30
3.082.769.775.945,61
3.186.558.735.610,71
2.464.039.731.881,05
2.460.487.746.382,48
1.324.562.689.399,11
1.833.083.280.090,00
1.488.448.463.660,00
1.377.764.651.622,00
1.849.061.854.146,00
2.272.680.756.652,51
1.929.016.719.139,00
1.484.887.750.361,00
1.348.008.423.172,00
1.898.350.770.322,00
1.949.187.509.218,47
2.109.669.966.364,00
1.447.274.575.274,00
1.580.533.877.360,00
1.923.436.520.982,50
1.955.278.208.317,47
2.228.076.574.546,00
1.409.268.732.117,00
1.479.775.436.391,00
1.920.913.044.906,51
1.758.954.298.851,47
2.257.937.007.838,00
1.283.253.575.330,00
1.745.618.027.215,00
1.839.832.033.322,75
1.801.344.632.093,47
2.304.842.903.628,00
1.323.934.288.158,00
2.009.272.337.152,00
1.865.682.684.114,00
1.647.721.921.781,47
2.135.830.124.923,00
1.346.047.462.801,95
1.946.312.953.995,91
1.818.398.285.455,10
1.588.662.271.293,47
1.930.613.369.532,00
1.162.946.404.877,55
1.824.904.536.897,91
1.718.295.199.661,00
1.429.078.017.196,47
1.748.943.614.391,00
1.168.451.001.563,90
1.844.863.896.508,91
1.879.726.294.057,14
1.318.060.257.907,47
1.881.502.809.286,00
1.313.954.096.729,80
1.934.510.906.171,91
2.263.691.600.508,32
1.431.324.433.920,47
1.794.083.647.654,00
1.331.292.821.226,15
1.816.464.217.561,91
2.226.595.984.356,86
1.403.684.078.647,47
1.582.225.379.259,00
1.454.461.493.368,85
1.805.460.489.944,00
2.467.056.382.064,00
1.451.151.082.271,47
13.741.576.120.290,90
10.647.593.707.917,60
8.807.604.831.380,27
8.313.293.380.552,66
9.595.305.213.406,11
14.375.100.860.309,60
10.816.739.350.892,40
9.039.770.432.504,44
8.308.882.465.971,89
9.928.844.561.997,83
15.473.349.366.049,30
10.601.912.619.289,70
9.001.252.706.216,63
8.598.482.596.290,06
10.608.201.921.871,90
15.922.308.326.436,40
10.212.240.926.477,30
9.119.454.416.049,13
8.524.344.009.246,13
11.422.480.684.135,60
16.088.775.913.376,50
9.543.914.624.814,65
9.214.203.398.516,63
8.483.471.550.750,34
12.271.611.971.826,40
16.167.245.716.147,30
10.162.173.589.645,40
8.894.415.952.932,21
8.610.080.483.695,89
11.912.153.940.857,50
16.742.317.749.341,70
10.418.579.962.840,10
8.742.348.321.719,77
8.413.599.690.537,27
11.984.138.558.914,30
16.224.450.307.617,20
9.609.129.848.698,55
8.062.054.039.048,25
8.448.013.990.424,13
11.764.332.413.205,60
15.334.977.119.510,90
9.301.157.922.694,27
8.318.120.191.890,29
8.341.295.814.181,75
11.245.139.799.866,30
Feb
Mar
Apr
Mei
Jun
Jul
Agu
Sept
Okt
Nov
Des
Schroder
Dana
Prestasi
Plus
Jan
Feb
Mar
Apr
Mei
Jun
Jul
Agu
Sept
Okt
8.748.938.855.643,50
8.523.002.005.951,70
12.121.898.640.846,60
11.132.620.789.487,80
13.128.253.798.177,40
8.753.686.772.701,89
9.137.154.393.928,01
8.362.667.557.026,69
8.755.543.622.729,13
12.164.331.150.159,00
11.087.901.484.962,10
8.818.425.564.044,58
8.473.940.409.138,92
9.283.253.566.520,35
13.335.628.028.177,30
Nov
Des
82
Universitas Sumatera Utara
Lampiran 5
Data Expense Ratio Reksa Dana Saham Tahun 2011-2015
Reksa Dana
Batavia Dana Saham Optimal
BNP Paribas Ekuitas
BNP Paribas Infrastruktur Plus
Cimb-Principal Equity Aggressive
First State IndoEquity Dividend Yield Fund
First State IndoEquity Sectoral Fund
Manulife Dana Saham
Manulife Saham Andalan
Schroder Dana Prestasi Plus
2011
3,51
2,83
2,72
3,51
2,98
2,66
3,47
3,87
2,08
2012
4,54
2,85
2,77
4,67
2,53
3,11
3,74
4,06
2,02
2013
4,52
2,82
2,95
4,95
2,94
3,26
3,84
4,23
2,1
2014
4,39
3,06
2,99
6,81
2,56
3,24
3,37
3,69
2,08
2015
4,92
3,25
2,96
7,01
3,02
3,33
3,53
3,39
2,06
Lampiran 6
Data Turnover Ratio Reksa Dana Saham Tahun 2011-2015
Reksa Dana
Batavia Dana Saham Optimal
BNP Paribas Ekuitas
BNP Paribas Infrastruktur Plus
Cimb-Principal Equity Aggressive
First State IndoEquity Dividend Yield Fund
First State IndoEquity Sectoral Fund
Manulife Dana Saham
Manulife Saham Andalan
Schroder Dana Prestasi Plus
2011
1,67
0,47
0,41
0,42
0,13
0,23
0,71
0,75
0,52
2012
2,49
0,51
0,91
2,47
0,15
0,22
1,01
1,42
0,33
2013
1,92
0,46
0,83
3,33
0,16
0,19
0,93
1,48
0,47
2014
1,47
0,63
0,7
3,65
0,30
0,09
0,6
1,09
0,47
2015
1,36
0,76
0,49
3,72
0,68
0,09
0,79
0,56
0,26
Lampiran 7
Data Fund Age Reksa Dana Saham Tahun 2011-2015
Reksa Dana
Batavia Dana Saham Optimal
2011
2012
2013
2014
2015
63
75
87
99
111
BNP Paribas Ekuitas
130
142
154
166
178
BNP Paribas Infrastruktur Plus
57
77
69
89
81
101
93
113
105
125
Cimb-Principal Equity Aggressive
First State IndoEquity Dividend Yield Fund
76
88
100
112
124
First State IndoEquity Sectoral Fund
84
96
108
120
132
Manulife Dana Saham
100
112
124
136
148
Manulife Saham Andalan
49
61
73
85
97
135
147
159
171
183
Schroder Dana Prestasi Plus
83
Universitas Sumatera Utara
Lampiran 8
Data Cash Flow Reksa Dana Saham Tahun 2011-2015
Reksa Dana
2011
2012
2013
2014
2015
Batavia
Dana
Saham
Optimal
3,205,787,852.03
22,800,661,379.23
38,415,974,925.30
118,319,201,924.06
-14,176,063,130.72
BNP
Paribas
Ekuitas
-93,256,256,836.90
-159,912,575,398.31
-109,629,914,210.37
-193,426,870,041.47
-42,839,514,793.80
-194,028,758,575.16
19,252,505,858.47
171,997,464,312.79
628,414,701,667.59
-1,027,137,622,424.01
-1,413,062,668.87
2,480,889,148.29
76,309,491.29
10,709,030,498.99
304,354,437.80
-273,296,561.93
10,096,696,785.85
54,504,763,995.95
35,472,568,976.74
53,206,910,332.59
30,257,943,368.77
127,708,963,695.16
-109,778,963,723.05
-57,566,485,357.97
-120,342,295,984.82
110,189,661,575.86
20,287,156,057.31
-168,102,338,963.11
-753,379,752.04
-341,088,742,925.04
Manulife
Saham
Andalan
-88,161,012,247.32
-23,955,566,357.68
66,913,447,392.77
107,890,228,785.43
-230,056,377,738.23
Schroder
Dana
Prestasi
Plus
-672,911,932,451.50
-455,552,702,110.94
-68,828,784,222.93
165,126,416,233.22
808,768,623,944.25
BNP
Paribas
Infrastruktur
Plus
CimbPrincipal
Equity
Aggressive
First State
IndoEquity
Dividend
Yield Fund
First State
IndoEquity
Sectoral
Fund
Manulife
Dana
Saham
84
Universitas Sumatera Utara
Lampiran 9
Common Effect Model (CEM)
Dependent Variable: KINERJA?
Method: Pooled Least Squares
Date: 09/07/16 Time: 14:40
Sample: 2011 2015
Included observations: 5
Cross-sections included: 9
Total pool (balanced) observations: 45
Variable
Coefficient
Std. Error
t-Statistic
Prob.
FUNDSIZE?
0.047534
0.037874
1.255067
0.2167
EXPENSERATIO?
-0.144815
0.121222
-1.194629
0.2393
TURNOVER?
0.244098
0.156629
1.558447
0.1270
FUNDAGE?
-0.513221
0.228412
-2.246905
0.0302
CASHFLOW?
-0.234860
0.836204
-0.280865
0.7803
R-squared
0.192493
Mean dependent var
-1.330176
Adjusted R-squared
0.111743
S.D. dependent var
0.463892
S.E. of regression
0.437206
Akaike info criterion
1.287617
Sum squared resid
7.645978
Schwarz criterion
1.488357
Hannan-Quinn criter.
1.362451
Log likelihood
Durbin-Watson stat
-23.97137
2.111134
85
Universitas Sumatera Utara
Lampiran 10
Fixed Effect Model (FEM)
Dependent Variable: KINERJA?
Method: Pooled Least Squares
Date: 09/07/16 Time: 14:41
Sample: 2011 2015
Included observations: 5
Cross-sections included: 9
Total pool (balanced) observations: 45
Variable
Coefficient
Std. Error
t-Statistic
Prob.
C
6.985304
3.386674
2.062585
0.0476
FUNDSIZE?
-0.003193
0.147798
-0.021601
0.9829
EXPENSERATIO?
-0.043050
0.205608
-0.209377
0.8355
TURNOVER?
0.289981
0.210602
1.376914
0.1784
FUNDAGE?
-1.795652
0.440034
-4.080714
0.0003
CASHFLOW?
-1.038161
0.940588
-1.103736
0.2782
Effects Specification
Cross-section fixed (dummy variables)
R-squared
0.477721
Mean dependent var
-1.330176
Adjusted R-squared
0.258701
S.D. dependent var
0.463892
S.E. of regression
0.399405
Akaike info criterion
1.251867
Sum squared resid
Log likelihood
4.945264
-14.16701
F-statistic
2.181174
Prob(F-statistic)
0.037193
Schwarz criterion
1.813940
Hannan-Quinn criter.
1.461402
Durbin-Watson stat
3.000705
86
Universitas Sumatera Utara
Lampiran 11
Uji Chow
Redundant Fixed Effects Tests
Pool: FREDI
Test cross-section fixed effects
Effects Test
Statistic
Cross-section F
Cross-section Chi-square
d.f.
Prob.
1.654230
(8,31)
0.1499
15.997631
8
0.0424
Cross-section fixed effects test equation:
Dependent Variable: KINERJA?
Method: Panel Least Squares
Date: 09/07/16 Time: 14:42
Sample: 2011 2015
Included observations: 5
Cross-sections included: 9
Total pool (balanced) observations: 45
Variable
Coefficient
Std. Error
t-Statistic
Prob.
C
2.854792
1.581459
1.805163
0.0788
FUNDSIZE?
-0.023176
0.053779
-0.430948
0.6689
EXPENSERATIO?
-0.258740
0.133762
-1.934331
0.0604
TURNOVER?
0.289675
0.154463
1.875361
0.0682
FUNDAGE?
-0.627864
0.231121
-2.716598
0.0098
CASHFLOW?
-0.545288
0.831527
-0.655767
0.5158
R-squared
0.254761
Mean dependent var
-1.330176
Adjusted R-squared
0.159218
S.D. dependent var
0.463892
S.E. of regression
0.425362
Akaike info criterion
1.251814
Sum squared resid
7.056388
Schwarz criterion
1.492703
Hannan-Quinn criter.
1.341615
Durbin-Watson stat
2.239254
Log likelihood
-22.16583
F-statistic
2.666444
Prob(F-statistic)
0.036299
87
Universitas Sumatera Utara
Lampiran 12
Random Effect Model (REM)
Dependent Variable: KINERJA?
Method: Pooled EGLS (Cross-section random effects)
Date: 09/07/16 Time: 14:45
Sample: 2011 2015
Included observations: 5
Cross-sections included: 9
Total pool (balanced) observations: 45
Swamy and Arora estimator of component variances
Variable
C
FUNDSIZE?
EXPENSERATIO?
TURNOVER?
FUNDAGE?
CASHFLOW?
Coeff icient
Std. Error
t-Statistic
Prob.
2.854792
1.484954
-0.023176
0.050497
-0.258740
0.125599
0.289675
0.145038
-0.627864
0.217018
-0.545288
0.780784
Effects Specification
1.922478
-0.458955
-2.060041
1.997239
-2.893146
-0.698385
0.0619
0.6488
0.0461
0.0528
0.0062
0.4891
S.D.
Cross-section random
Idiosyncratic random
0.182300
0.399405
Rho
0.02360
1.0000
Weighted Statistics
R-squared
Adjusted R-squared
S.E. of regression
F-statistic
Prob(F-statistic)
0.254761
0.159218
0.425362
2.666444
0.036299
Mean dependent var
S.D. dependent var
Sum squared resid
Durbin-Watson stat
-1.330176
0.463892
7.056388
2.239254
Unweighted Statistics
R-squared
Sum squared resid
0.254761
7.056388
Mean dependent var
Durbin-Watson stat
-1.330176
2.239254
88
Universitas Sumatera Utara
Lampiran 13
Uji Hausman
Correlated Random Effects - Hausman Test
Pool: FREDI
Test cross-section random effects
Chi-Sq.
Statistic
Chi-Sq. d.f.
Prob.
12.855343
5
0.0248
Random
Var(Diff.)
Prob.
-0.023176
-0.258740
0.289675
-0.627864
-0.545288
0.019294
0.026500
0.023317
0.146533
0.275081
0.8856
0.1852
0.9984
0.0023
0.3474
Test Summary
Cross-section random
Cross-section random effects test comparisons:
Variable
FUNDSIZE?
EXPENSERATIO?
TURNOVER?
FUNDAGE?
CASHFLOW?
Fixed
-0.003193
-0.043050
0.289981
-1.795652
-1.038161
Cross-section random effects test equation:
Dependent Variable: KINERJA?
Method: Panel Least Squares
Date: 09/07/16 Time: 14:46
Sample: 2011 2015
Included observations: 5
Cross-sections included: 9
Total pool (balanced) observations: 45
Variable
Coefficient
Std. Error
t-Statistic
Prob.
C
FUNDSIZE?
EXPENSERATIO?
TURNOVER?
FUNDAGE?
CASHFLOW?
6.985304
-0.003193
-0.043050
0.289981
-1.795652
-1.038161
3.386674
0.147798
0.205608
0.210602
0.440034
0.940588
2.062585
-0.021601
-0.209377
1.376914
-4.080714
-1.103736
0.0476
0.9829
0.8355
0.1784
0.0003
0.2782
Effects Specification
Cross-section fixed (dummy variables)
R-squared
Adjusted R-squared
S.E. of regression
Sum squared resid
Log likelihood
F-statistic
Prob(F-statistic)
0.477721
0.258701
0.399405
4.945264
-14.16701
2.181174
0.037193
Mean dependent var
S.D. dependent var
Akaike info criterion
Schwarz criterion
Hannan-Quinn criter.
Durbin-Watson stat
-1.330176
0.463892
1.251867
1.813940
1.461402
3.000705
89
Universitas Sumatera Utara
Lampiaran 14
Uji Normalitas
10
Series: Residuals
Sample 1 45
Observations 45
8
6
4
2
Mean
Median
Maximum
Minimum
Std. Dev.
Skewness
Kurtosis
1.10e-15
0.119092
0.647364
-0.927047
0.400465
-0.881476
2.988436
Jarque-Bera
Probability
5.827749
0.054265
0
-1.0
-0.8
-0.6
-0.4
-0.2
0.0
0.2
0.4
0.6
Lampiran 15
Uji Multikoloniaritas
FUND_SIZE EXPENSE_RATIO TURN_OVER FUND_AGE CASH_FLOW
FUND_SIZE
1.000000
-0.574501
-0.533925
0.475422
-0.270168
EXPENSE_RATIO -0.574501
1.000000
0.880857
-0.218073
0.190044
TURN_OVER
-0.533925
0.880857
1.000000
-0.167720
0.291392
FUND_AGE
0.475422
-0.218073
-0.167720
1.000000
-0.142693
CASH_FLOW
-0.270168
0.190044
0.291392
-0.142693
1.000000
90
Universitas Sumatera Utara
Lampiran 16
Uji Autokolerasi
Breusch-Godfrey Serial Correlation LM Test:
F-statistic
0.000460
Prob. F(1,38)
0.9830
Obs*R-squared
0.000545
Prob. Chi-Square(1)
0.9814
Test Equation:
Dependent Variable: RESID
Method: Least Squares
Date: 09/07/16 Time: 14:55
Sample: 1 45
Included observations: 45
Presample missing value lagged residuals set to zero.
Variable
Coefficient
Std. Error
t-Statistic
Prob.
FUND_SIZE
-0.000182
0.055140
-0.003307
0.9974
EXPENSE_RATIO
-0.000214
0.135877
-0.001577
0.9988
TURN_OVER
0.000262
0.156957
0.001669
0.9987
FUND_AGE
0.000450
0.235079
0.001914
0.9985
CASH_FLOW
-0.007004
0.903426
-0.007753
0.9939
C
0.003504
1.610422
0.002176
0.9983
RESID(-1)
0.003772
0.175799
0.021457
0.9830
R-squared
0.000012
Mean dependent var
1.10E-15
-0.157881
S.D. dependent var
0.400465
S.E. of regression
0.430920
Akaike info criterion
1.296247
Sum squared resid
7.056302
Schwarz criterion
1.577283
Hannan-Quinn criter.
1.401014
Durbin-Watson stat
1.981239
Adjusted R-squared
Log likelihood
-22.16555
F-statistic
7.67E-05
Prob(F-statistic)
1.000000
91
Universitas Sumatera Utara
Lampiran 17
Uji Heterokedastisitas
Heteroskedasticity Test: White
F-statistic
1.531878
Prob. F(5,39)
0.2024
Obs*R-squared
7.386992
Prob. Chi-Square(5)
0.1934
Scaled explained SS
5.516371
Prob. Chi-Square(5)
0.3562
Test Equation:
Dependent Variable: RESID^2
Method: Least Squares
Date: 09/07/16 Time: 15:00
Sample: 1 45
Included observations: 45
Variable
Coefficient
Std. Error
t-Statistic
Prob.
C
-0.435049
0.380335
-1.143859
0.2597
FUND_SIZE^2
0.000493
0.000530
0.929305
0.3584
EXPENSE_RATIO^2
-0.002784
0.008650
-0.321823
0.7493
TURN_OVER^2
-0.001440
0.025131
-0.057305
0.9546
FUND_AGE^2
0.012150
0.013514
0.899071
0.3741
CASH_FLOW^2
-2.352273
2.767489
-0.849967
0.4005
R-squared
0.164155
Mean dependent var
0.156809
Adjusted R-squared
0.056996
S.D. dependent var
0.223617
S.E. of regression
0.217151
Akaike info criterion
-0.092879
Sum squared resid
1.839033
Schwarz criterion
Log likelihood
8.089774
Hannan-Quinn criter.
F-statistic
1.531878
Durbin-Watson stat
Prob(F-statistic)
0.202407
0.148009
-0.003078
2.608950
92
Universitas Sumatera Utara
Daftar Sampel Reksa Dana
Kriteria
No
Produk Reksa Dana
Tanggal
Sampel
1
2
3
4
10-Des-14
√
√
-
-
1
REKSA DANA KHARISMA KAPITAL PRIMA
2
KHARISMA FLEXI TERBATAS
28-Jul-12
√
√
-
-
3
PANIN DANA PRIMA
27-Des-07
√
√
√
-
5
PANIN DANA MAKSIMA
07-Apr-97
√
√
√
-
6
REKSA DANA PANIN DANA TELADAN
14-Apr-15
√
√
-
-
7
REKSA DANA KHARISMA DANA EKUITAS
√
-
-
-
8
REKSA DANA AAA ENHANCED STRATEGY FUND
19-Feb-13
√
√
-
-
9
AAA BLUE CHIP VALUE FUND 2
03-Des-12
√
√
-
-
10
AVRIST EQUITY - CROSS SECTORAL
√
√
-
-
11
REKSA DANA AXA CITRADINAMIS
√
√
√
-
12
REKSA DANA AXA MAESTRODOLLAR
15-Mei-13
05-Agust97
15-Agust13
√
√
-
-
13
REKSA DANA ABERDEEN INDONESIA EQUITY FUND
27-Des-07
√
√
√
-
14
REKSA DANA SENTRA DANA EKUITAS
08-Mei-15
√
√
-
-
15
REKSA DANA ASHMORE DANA USD EQUITY NUSANTARA
18-Mei-15
√
√
-
-
16
ASHMORE DANA PROGRESIF NUSANTARA
11-Feb-13
√
√
-
-
17
ASHMORE DANA EKUITAS NUSANTARA
11-Feb-13
√
√
-
-
18
REKSA DANA AAA Blue Chip Value Fund
√
-
-
-
REKSA DANA AAA EQUITY FUND
√
-
-
-
19
20
BNI REKSA DANA BERKEMBANG
01-Okt-96
√
√
√
-
21
RD BNI - AM DANA SAHAM BANDAKALA
03-Feb-15
√
√
-
-
22
REKSA DANA BNI-AM DANA SAHAM INSPIRING EQUITY FUND
07-Apr-14
√
√
-
-
23
BNP PARIBAS PESONA
10-Okt-97
√
√
√
-
24
BNP PARIBAS STAR
15-Jun-11
√
√
-
-
25
BNP PARIBAS MAXI SAHAM
28-Jan-10
√
√
√
-
26
BNP PARIBAS INSPIRA
12-Jan-12
√
√
-
-
27
BNP PARIBAS ASTRO
14-Apr-14
√
√
-
-
28
BNP PARIBAS EKUITAS
16-Jan-01
√
√
√
√
29
REKSA DANA BNP PARIBAS SOLARIS
√
√
√
-
30
REKSA DANA BNP PARIBAS INSFRASTRUKTUR PLUS
15-Mei-08
08-Mar07
√
√
√
√
31
REKSA DANA EKUITAS PRIMA
13-Feb-06
√
√
√
-
32
REKSA DANA EKUITAS ANDALAN
√
√
√
-
33
BAHANA DANA PRIMA
13-Mei-04
06-Agust96
√
√
√
-
34
REKSA DANA BAHANA TRAILBLAZER FUND
04-Jun-13
√
√
-
-
35
REKSA DANA BAHANA PRIMAVERA 99
05-Sep-14
√
√
-
-
1
2
73
Universitas Sumatera Utara
Lanjutan Lampiran 1
Kriteria
No
Produk Reksa Dana
Tanggal
Sampel
1
2
3
4
36
BATAVIA DANA SAHAM
16-Des-96
√
√
√
-
37
REKSA DANA BATAVIA ENHANCED EQUITY STRATEGY
√
√
-
-
38
BATAVIA DANA SAHAM OPTIMAL
09-Feb-16
19-Okt06
√
√
√
√
39
ABN AMRO Indonesia Equity Value Fund
√
-
-
-
40
REKSA DANA CIMB-PRINCIPAL SMART EQUITY FUND
18-Des-14
√
√
-
-
41
REKSA DANA CIMB-PRINCIPAL INDO DOMESTIC EQUITY FUND
11-Apr-13
√
√
-
-
42
CIMB-PRINCIPAL EQUITY AGGRESSIVE
01-Jul-05
√
√
√
√
43
REKSA DANA CIMB - PRICIPAL EQUITY FOCUS
29-Apr-13
√
√
-
-
44
RENCANA CERDAS
09-Jul-99
√
√
√
-
45
REKSA DANA CIPTA PRIMA
√
√
-
-
46
REKSA DANA CIPTA ALPHA EQUITY
25-Mei-15
03-Mar15
√
√
-
-
47
REKSA DANA CIPTA BETA EQUITY
11-Des-14
√
√
-
-
48
REKSA DANA CIPTA GEMILANG EQUITY
√
√
-
-
49
GROW-2-PROSPER
√
√
√
-
50
CORFINA GROW-2-PROSPER ROTASI STRATEGIS
28-Mar07
14-Nop13
√
√
-
-
51
REKSA DANA DANAREKSA MAWAR EKUITAS PLUS
14-Apr-15
√
√
-
-
52
Reksa Dana Danareksa Mawar Rotasi Sektor Strategis
27-Sep-12
√
√
-
-
53
Danareksa Mawar
17-Jul-96
√
√
√
-
54
REKSA DANA DANAREKSA MAWAR KONSUMER 10
16-Feb-11
√
√
-
-
55
REKSA DANA DANAREKSA MAWAR KOMODITAS 10
√
√
-
-
56
REKSA DANA DANAREKSA MAWAR FOKUS 10
√
√
√
-
57
REKSA DANA EMCO GROWTH FUND
√
√
√
-
58
REKSA DANA MAKINTA MANTAP
16-Feb-11
02-Mar10
11-Mar08
11-Agust05
√
√
-
-
59
REKSA DANA ABERDEEN INDONESIA SECTOR LEADER
√
-
-
-
60
REKSA DANA EURO PEREGRINE EQUITY
√
√
-
-
√
√
√
-
√
√
√
-
3
4
61
FIRST STATE INDOEQUITY VALUE SELECT FUND
62
FS INDOEQUITY DIVIDEND YIELD FUND
11-Mar08
11-Agust05
63
FIRST STATE INDOEQUITY OPPORTUNITIES FUND – USD
08-Jan-14
√
√
-
-
64
FIRST STATE INDOEQUITY HIGH CONVICTION FUND
09-Jan-12
√
√
-
-
65
FIRST STATE INDOEQUITY SECTORAL FUND
24-Des-04
√
√
√
√
5
66
REKSA DANA FIRST STATE INDO EQUITY PEKA FUND
14-Jan-10
√
√
√
√
6
67
REKSA DANA GAP EQUITY FOCUS FUND
17-Jun-15
√
√
-
-
68
GAP VALUE FUND
12-Okt-12
√
√
-
-
69
GAP EQUITY FUND
10-Mei-12
√
√
-
-
70
MAYBANK GMT DANA EKUITAS
23-Apr-07
√
√
√
-
74
Universitas Sumatera Utara
Lanjutan Lampiran 1
Kriteria
No
Produk Reksa Dana
Tanggal
Sampel
1
2
3
4
71
REKSA DANA HPAM SAHAM DINAMIS
01-Des-14
√
√
-
-
72
REKSADANA HPAM ULTIMA EKUITAS
07-Des-09
√
√
√
-
73
I AM EQUITY FUND
02-Apr-14
√
√
-
-
74
REKSA DANA INSIGHT WEALTH (I-WEALTH)
√
√
-
-
75
JISAWI PROGRESIF
15-Okt-14
27-Mar12
√
√
-
-
76
REKSA DANA BNI-AM DANA SEKTORAL DINAMIS
√
-
-
-
77
REKSA DANA LIPPO EQUITY PLUS
√
√
-
-
78
REKSADANA LAUTANDHANA EQUITY
30-Apr-15
27-Mar07
√
√
√
-
79
REKSA DANA LAUTANDHANA SAHAM MAHADI
√
√
-
-
80
REKSA DANA LAUTANDHANA EQUITY PLUS
18-Sep-15
10-Agust15
√
√
-
-
81
REKSA DANA LAUTANDHANA VALUE FUND
07-Okt-15
√
√
-
-
82
REKSA DANA LAUTANDHANA SAHAM LIKUID
02-Mei-14
√
√
-
-
83
Reksa Dana Lautandhana Saham Prima
08-Mei-13
√
√
-
-
84
REKSA DANA LAUTANDHANA EQUITY PROGRESIF
√
√
√
-
85
LAUTANDHANA EQUITY AGRESIF
√
√
-
-
86
REKSA DANA LAUTANDHANA SAHAM INTI
√
√
-
-
87
REKSA DANA LAUTANDHANA SAHAM LESTARI
√
√
-
-
88
REKSA DANA LAUTANDHANA GROWTH FUND
16-Jul-09
09-Nop14
20-Agust13
27-Nop15
12-Agust14
√
√
-
-
89
REKSA DANA BNP PARIBAS ORION
√
-
-
-
12-Mar12
√
√
-
-
90
MEGA ASSET MAXIMA
91
MEGA ASSET GREATER INFRASTRUCTURE
06-Sep-12
√
√
-
-
92
REKSA DANA MEGA DANA CAPITAL GROWTH
√
√
-
-
93
REKSA DANA MILLENIUM EQUITY
17-Des-13
17-Mar08
√
√
√
-
94
REKSA DANA MILLENIUM BERKEMBANG
√
√
√
-
95
REKSADANA MILLENIUM DYNAMIC EQUITY FUND
12-Mei-04
13-Agust13
√
√
-
-
96
MILLENIUM EQUITY GROWTH FUND
13-Jan-13
√
√
-
-
97
MILLENIUM EQUITY PRIMA PLUS
12-Mei-14
√
√
-
-
98
REKSA DANA MNC DANA SAHAM II
-
√
√
-
-
99
REKSA DANA MNC DANA SAHAM
-
√
√
-
-
100
REKSA DANA MNC DANA EKUITAS
19-Jun-08
101
102
√
√
√
-
Bahana Dana Prima
√
-
-
-
REKSA DANA PENYERTAAN TERBATAS BAHANA PRIVATE
EQUITY PELABUHAN
√
-
-
-
REKSA DANA BAHANA EQUITY SMART
√
-
-
-
104
MANDIRI INVESTA UGM ENDOWMENT PLUS
15-Jul-08
√
√
√
-
105
MANDIRI ASA SEJAHTERA
08-Feb-13
√
√
-
-
103
75
Universitas Sumatera Utara
Lanjutan Lampiran 1
Kriteria
No
Produk Reksa Dana
Tanggal
22-Nop13
19-Nop13
21-Mar11
Sampel
1
2
3
4
√
√
-
-
√
√
-
-
√
√
-
-
106
REKSA DANA MANDIRI INVESTA EQUITY ASEAN 5
107
REKSA DANA MANDIRI INVESTA EQUITY DYNAMO FACTOR
108
MANDIRI INVESTA EKUITAS DINAMIS
109
REKSADANA MANDIRI SAHAM ATRAKTIF
26-Okt-11
√
√
-
-
110
REKSA DANA MANDIRI SAHAM DINAMIS
-
√
√
-
-
111
REKSA DANA MANDIRI INVESTA EQUITY MOVEMENT
√
√
-
-
112
REKSA DANA MANDIRI DYNAMIC EQUITY
√
√
-
-
113
REKSA DANA MANDIRI INVESTA ATRAKTIF
√
√
√
-
114
Manulife Dana Saham
√
√
√
√
7
115
MANULIFE SAHAM ANDALAN
√
√
√
√
8
116
REKSA DANA MANULIFE DANA SAHAM UTAMA
03-Okt-12
05-Nop12
30-Agust05
01-Agust03
01-Nop07
11-Nop15
√
√
-
-
117
REKSA DANA MANULIFE SAHAM STRATEGI UNGGULAN
27-Jun-14
√
√
-
-
118
MANULIFE INSTITUTIONAL EQUITY FUND
25-Jul-11
√
√
-
-
119
MANULIFE GREATER INDONESIA FUND
14-Sep-11
√
√
-
-
120
MANULIFE SAHAM SMC PLUS
27-Feb-13
√
√
-
-
121
BATAVIA DANA SAHAM AGRO
√
-
-
-
REKSA DANA SI DANA BATAVIA SAHAM
√
-
-
-
25-Jun-13
√
√
-
-
12-Nop12
√
√
-
-
√
√
-
-
-
√
√
-
-
09-Sep-13
√
√
-
-
122
123
NARADA SAHAM INDONESIA
124
NIKKO SAHAM PEMBANGUNAN INDONESIA
125
NIKKO INDONESIA EQUITY FUND
126
REKSA DANA OSO CELEBES EQUITY FUND
127
OSO SUSTAINABILITY FUND
128
Niaga Saham
√
-
-
-
129
REKSA DANA DANAREKSA MAWAR AGRESIF
√
-
-
-
130
REKSA DANA DANAREKSA EQUITY FOCUS
√
-
-
-
√
√
-
-
√
√
-
-
√
√
-
-
23-Nop15
131
REKSA DANA OSO BORNEO EQUITY FUND
132
REKSA DANA PACIFIC EQUITY FLEXI FUND
133
REKSA DANA PACIFIC EQUITY PROGRESIF FUND
23-Des-15
02-Mar15
134
REKSA DANA PACIFIC EQUITY OPTIMUM FUND
20-Okt-15
√
√
-
-
135
REKSA DANA PACIFIC EQUITY FUND
√
√
-
-
136
REKSA DANA PACIFIC EQUITY GROWTH FUND
17-Des-13
21-Mar14
√
√
-
-
137
REKSA DANA PACIFIC SAHAM SYARIAH
07-Jan-15
√
√
-
-
138
PG SAHAM DINAMIS
15-Sep-15
√
√
-
-
139
MAHANUSA DANA EKUITAS
√
-
-
-
140
Reksa Dana Dana Sentosa
√
-
-
-
76
Universitas Sumatera Utara
Lanjutan Lampiran 1
Kriteria
No
141
Produk Reksa Dana
Tanggal
REKSA DANA EURO PEREGRINE EQUITY
Sampel
1
2
3
4
√
-
-
-
√
√
-
-
√
√
-
-
142
PNM SAHAM AGRESIF
143
REKSA DANA PHILLIP EQUITY
03-Agust11
10-Agust15
144
PHILLIP PRIME EQUITY
20-Apr-15
√
√
-
-
145
PRATAMA SAHAM
√
√
√
-
146
PRATAMA INVESTA MANDIRI SAHAM
01-Mei-06
23-Mar15
√
√
-
-
147
REKSADANA PRATAMA DANA PRIMA SAHAM
17-Sep-14
√
√
-
-
148
PRATAMA DANA DINAMIS SAHAM
√
√
-
-
149
PRATAMA DANA OPTIMUM SAHAM
12-Okt-15
06-Mar15
√
√
-
-
150
REKSADANA DANA PRATAMA EKUITAS
12-Feb-14
√
√
-
-
151
REKSA DANA PRATAMA EQUITY
12-Feb-10
√
√
√
-
152
PRATAMA DANA MAKSIMUM SAHAM
√
√
-
-
153
REKSA DANA PRATAMA DANA GEMILANG SAHAM
√
√
-
-
154
REKSADANA PRATAMA DANA INVESTASI SAHAM
13-Jul-15
23-Nop15
15-Agust14
√
√
-
-
155
PRATAMA DANA ULTIMA SAHAM
20-Apr-15
√
√
-
-
156
RD PRATAMA DANA PRESTASI SAHAM
01-Des-15
√
√
-
-
157
REKSA DANA PRATAMA DANA ATRAKTIF SAHAM
-
√
√
-
-
158
REKSA DANA JAKARTA BLUE CHIP
√
-
-
-
159
RD SAHAM BUMN
√
-
-
-
160
REKSA DANA JISAWI SAHAM
√
-
-
-
LAUTANDHANA SAHAM PRIMA
√
-
-
-
161
162
LAUTANDHANA SAHAM INTI
√
-
-
-
163
REKSA DANA PROSPERA DANA BERKEMBANG
17-Jun-15
√
√
-
-
164
PROSPERA BIJAK
01-Jul-11
√
√
-
-
165
PROSPERA BUMN GROWTH FUND
08-Mei-15
√
√
-
-
166
REKSA DANA QUANT INVESTA SAHAM
10-Des-14
√
√
-
-
167
REKSA DANA RHB EQUITY OPPORTUNITY FUND
√
√
-
-
168
RHB OSK ALPHA SECTOR ROTATION
18-Agust10
√
√
-
-
169
RHB PRIME EQUITY FUND
23-Apr-13
√
√
-
-
REKSA DANA MEGA DANA EKUITAS
√
-
-
-
REKSA DANA MEGA DANA SAHAM
√
-
-
-
RDPT MEGA SAHAM MAXIMA
√
-
-
-
Reksadana Big Nusantara
√
-
-
-
174
Reksadana Big Palapa
√
-
-
-
175
RELIANCE DANA SAHAM
√
√
-
-
170
171
172
173
20-Jan-16
77
Universitas Sumatera Utara
Lanjutan Lampiran 1
Kriteria
No
Produk Reksa Dana
Tanggal
Sampel
1
2
3
4
176
REKSA DANA SUCORINVEST MAXI FUND
01-Okt-14
√
√
-
-
177
REKSA DANA SUCORINVEST SAHAM DINAMIS
19-Okt-15
√
√
-
-
178
SUCORINVEST EQUITY FUND
√
√
-
-
179
Reksa Dana SAM Dana Cerdas
08-Mei-12
17-Mar15
√
√
-
-
180
SAM INDONESIAN EQUITY FUND
18-Okt-11
√
√
-
-
181
MANDIRI SAHAM PRIMA
√
-
-
-
182
Phinisi Dana Saham
√
-
-
-
183
Reksa Dana MNCAPITAL NUSANTARA SAHAM
√
-
-
-
184
Schroder Dana Prestasi Plus
12-Sep-00
√
√
√
√
185
SCHRODER DANA PRESTASI DINAMIS
10-Okt-11
√
√
-
-
186
REKSA DANA SCHRODER DANA ISTIMEWA
√
√
√
-
187
REKSA DANA SCHRODER INDO EQUITY FUND
27-Des-04
31-Agust09
√
√
√
-
188
REKSA DANA SCHRODER 90 PLUS EQUITY FUND
21-Apr-10
√
√
√
-
189
REKSA DANA SCHRODER DANA PRESTASI PRIMA
18-Des-15
√
√
-
-
190
REKSA DANA SCHRODER DANA PRESTASI
29-Mei-97
√
√
√
-
191
REKSA DANA NIKKO SAHAM NUSANTARA
√
-
-
-
√
-
-
-
√
-
-
-
-
√
√
-
-
193
REKSA DANA PENYERTAAN TERBATAS NIKKO INDONESIA
INFRASTRUCTURE
REKSA DANA PENYERTAAN TERBATAS NIKKO INDONESIA
HOSPITALITY
194
SEMESTA DANA SAHAM
195
REKSA DANA SIMAS DANAMAS SAHAM
05-Okt-07
√
√
√
-
196
REKSA DANA SIMAS SAHAM UNGGULAN
√
√
-
-
197
REKSA DANA SIMAS SAHAM BERTUMBUH
√
√
-
-
198
REKSA DANA SIMAS SYARIAH UNGGULAN
18-Des-12
25-Agust15
08-Agust14
√
√
-
-
199
OSO DEFENSIVE FUND
√
-
-
-
200
REKSA DANA PARAMITRA PREMIUM
√
-
-
-
Bima
√
-
-
-
Arjuna
√
-
-
-
203
PRATAMA EQUITY
√
-
-
-
204
SYAILENDRA EQUITY FUND
07-Jun-07
√
√
√
-
205
SYAILENDRA EQUITY OPPORTUNITY FUND
206
SYAILENDRA EQUITY ALPHA FUND
207
208
192
201
202
-
√
√
-
-
√
√
-
-
SYAILENDRA DANA EKUITAS PLUS
31-Okt-12
12-Mar15
√
√
-
-
REKSA DANA SYAILENDRA MARKET LEADER FUND
16-Sep-15
√
√
-
-
209
REKSA DANA SYAILENDRA DANA EKUITAS SEJAHTERA
√
√
-
-
210
TF SUPER MAXXI
08-Jan-15
25-Mar14
√
√
-
-
9
78
Universitas Sumatera Utara
Lanjutan Lampiran 1
Kriteria
No
Produk Reksa Dana
211
REKSA DANA TRIM KAPITAL PLUS
212
TRAM ASA EQUITY
213
TRAM CONSUMPTION PLUS
214
REKSA DANA TRIMEGAH BHAKTI BANGSA
215
REKSA DANA TRIMEGAH GTWS FUJI EQUITY
216
TRIM Kapital
217
TRAM INFRASTRUCTURE PLUS
218
219
220
221
Tanggal
Sampel
1
2
3
4
26-Mei-08
√
√
√
-
-
√
√
-
-
05-Mei-11
√
√
-
-
-
√
√
-
-
20-Mar97
28-Mar12
√
√
-
-
√
√
√
-
√
√
-
-
REKSA DANA CAPITAL EQUITY FUND
√
-
-
-
Rifan Syariah
√
-
-
-
RHB OSK INDONESIA DYNAMIC RESOURCES PLUS
√
-
-
-
√
-
-
-
√
√
-
-
√
√
-
-
√
√
-
-
OSK NUSADANA EQUITY FOCUS
20-Agust14
01-Agust12
19-Agust12
222
REKSADANA VALBURY EQUITY I
223
225
ARCHIPELAGO EQUITY GROWTH
REKSA DANA SAHAM EASTSPRING INVESTMENTS ALPHA
NAVIGATOR
REKSA DANA SAHAM EASTSPRING INVESTMENTS VALUE
DISCOVERY
29-Mei-13
√
√
-
-
226
REKSA DANA PREMIER EKUITAS
03-Des-15
√
√
-
-
227
PREMIER EKUITAS MAKRO PLUS
05-Sep-13
√
√
-
-
228
REKSA DANA RELIANCE EQUITY FUND
√
-
-
-
229
SYAILENDRA EQUITY DYNAMIC FUND
√
-
-
-
230
TF-PANDAWA
√
-
-
-
231
TRAM EQUITY FOCUS
√
-
-
-
232
REKSADANA INDOSURYA EQUITY FUND
√
√
-
-
233
MAJORIS SAHAM ALOKASI DINAMIK INDONESIA
30-Nop15
√
√
-
-
234
PINNACLE STRATEGIC EQUITY FUND
15-Okt-15
√
√
-
-
235
RD INDOSURYA EQUITY FUND
√
-
-
-
REKSADANA INDOSURYA EQUITY FUND
√
-
-
-
236
191
46
9
224
236
Total
9
79
Universitas Sumatera Utara
Lampiran 2
Data Bulanan SBI Tahun 2011-2015
Januari
Februari
Maret
April
Mei
Juni
Juli
Agustus
September
Oktober
November
Desember
2011
0,0608
0,0671
0,0672
0,0718
0,0736
0,0736
0,0728
0,0678
0,0628
0,0577
0,0522
0,0504
2012
0,0600
0,0575
0,0575
0,0575
0,0575
0,0575
0,0575
0,0575
0,0575
0,0575
0,0575
0,0575
2013
0,0650
0,0650
0,0600
0,0575
0,0575
0,0575
0,0575
0,0700
0,0725
0,0750
0,0750
0,0725
2014
0,0750
0,0750
0,0750
0,0750
0,0750
0,0750
0,0750
0,0750
0,0750
0,0750
0,0775
0,0775
2015
0,0693
0,0667
0,0665
0,0666
0,0666
0,0667
0,0669
0,0675
0,0710
0,0710
0,0710
0,0710
Lampiran 3
Data Kinerja Reksa Dana Saham Tahun 2011-2015
Reksa Dana
Batavia Dana Saham
Optimal
BNP Paribas
Ekuitas
BNP Paribas
Infrastruktur Plus
Cimb-Principal
Equity Aggressive
First State
IndoEquity Dividend
Yield Fund
First State
IndoEquity Sectoral
Fund
Manulife Dana
Saham
Manulife Saham
Andalan
Schroder Dana
Prestasi Plus
2011
2012
2013
2014
2015
-1,028440
-0,698783
-0,897680
-1,686537
-1,693620
-0,976636
-0,863586
-1,150192
-2,388515
-1,471371
-1,073074
-0,754347
-1,106477
-2,035985
-1,544094
-1,145578
-1,037432
-0,960764
-1,494915
-1,484285
-1,047988
-0,876848
-1,216814
-2,097841
-1,519096
-1,019270
-0,906524
-1,247039
-2,150096
-1,452041
-1,148263
-0,939836
-1,274399
-2,413776
-1,533676
-1,061198
-0,818303
-1,030801
-2,186580
-1,508572
-1,031880
-1,021274
-1,151797
-2,337222
-1,374487
80
Universitas Sumatera Utara
Lampiran 4
Data Nilai Aktiva bersih Reksa Dana Saham Tahun 2011-2015
Reksa
Dana
Batavia
Dana
Saham
Optimal
BNP
Paribas
Ekuitas
BNP
Paribas
Infrastruktur
Plus
CimbPrincipal
Equity
Aggressive
First State
IndoEquity
Dividend
Yield Fund
Bulan
2011
2012
2013
2014
2015
Jan
Feb
107.788.313.803,30
119.362.641.298,01
226.784.837.211,95
431.765.325.931,10
1.009.412.322.954,16
110.594.865.071,95
119.942.012.829,08
247.604.038.792,51
426.651.682.234,87
1.077.754.341.689,29
Mar
118.532.057.256,02
117.333.565.849,29
275.230.349.020,56
482.655.940.996,71
1.184.499.653.477,52
Apr
121.659.278.885,79
105.602.611.024,64
363.910.449.091,78
520.090.218.744,98
1.067.658.766.811,03
Mei
119.704.072.401,69
103.623.139.306,35
350.215.854.699,11
494.037.773.791,89
1.077.651.059.990,26
Jun
120.951.501.318,33
108.103.534.950,29
394.205.096.032,66
505.815.121.988,17
998.166.951.699,19
Jul
104.666.772.413,37
52.741.270.070,34
390.222.442.768,60
509.305.871.920,05
962.050.076.741,24
Agu
107.788.325.699,74
49.887.241.697,29
352.799.595.868,17
583.815.159.349,37
887.511.045.695,98
Sept
99.046.755.134,87
63.041.086.138,50
362.244.099.054,07
600.947.704.441,21
832.892.953.492,99
Okt
107.637.317.703,43
125.234.204.288,14
384.125.561.307,96
655.321.326.228,38
998.580.670.101,07
Nov
109.953.379.240,92
192.545.605.500,02
365.666.440.917,61
928.885.948.366,01
901.695.851.305,35
Des
112.217.016.384,87
224.793.718.823,01
415.598.998.127,07
995.033.965.973,35
923.231.649.026,58
Jan
6.725.148.242.931,12
6.017.546.504.656,22
5.757.035.435.904,56
5.554.002.121.711,57
4.547.132.190.025,57
Feb
7.065.419.850.473,96
5.132.338.695.531,34
6.062.811.488.039,43
5.774.512.062.646,13
4.618.751.239.389,22
Mar
7.539.217.915.252,13
4.910.463.691.285,68
6.450.732.446.821,06
5.938.203.260.262,36
5.553.914.416.076,15
Apr
7.576.804.095.481,90
4.875.609.523.670,87
6.250.926.663.020,01
5.791.054.873.194,55
5.157.834.620.057,92
Mei
7.585.508.573.351,10
5.434.638.412.976,31
6.198.462.481.327,78
5.586.215.854.718,80
5.686.023.430.223,47
Jun
7.528.932.964.225,52
5.923.978.233.173,19
6.020.412.661.313,74
5.780.219.709.935,24
5.290.744.491.513,43
Jul
7.052.561.549.714,59
5.832.854.033.789,24
5.823.823.899.933,71
4.608.120.239.979,22
4.526.595.073.388,78
Agu
6.889.935.360.539,82
5.493.997.308.334,05
5.219.785.386.868,61
4.242.586.669.370,97
4.292.360.818.604,42
Sept
6.367.806.311.063,71
6.064.465.581.926,02
5.368.504.068.833,40
4.224.745.833.784,02
4.124.053.486.151,19
Okt
6.785.803.262.043,30
5.706.699.719.739,75
5.439.143.541.785,90
4.373.165.817.490,08
4.258.584.354.653,53
Nov
6.633.234.041.112,13
5.548.512.513.617,93
5.161.602.451.063,94
4.373.583.858.976,11
4.117.453.373.505,90
Des
6.667.926.602.736,11
5.836.795.366.294,75
5.327.842.897.823,23
4.487.608.600.961,56
4.290.701.125.662,25
Jan
1.892.619.557.884,23
1.254.229.873.478,79
1.382.237.486.882,51
2.475.580.701.980,38
6.348.824.450.525,18
Feb
1.967.498.896.499,62
1.235.855.693.488,45
1.682.230.599.802,39
2.632.369.609.765,84
5.069.846.611.867,22
Mar
2.007.537.953.424,74
1.233.901.675.903,21
1.953.317.845.090,05
2.704.640.093.088,14
4.669.562.889.620,62
Apr
1.926.872.154.300,12
1.222.114.856.789,50
2.157.107.762.968,70
2.973.547.709.254,43
3.980.850.451.743,00
Mei
1.812.545.612.090,67
997.071.964.092,90
2.452.731.389.972,51
3.075.187.830.688,31
3.953.793.143.811,48
Jun
1.806.744.465.964,36
1.013.226.608.594,03
2.456.652.460.458,68
3.698.044.337.958,61
3.594.814.808.697,11
Jul
1.753.889.504.597,35
1.000.037.169.357,06
2.313.671.694.106,65
4.124.971.900.741,86
3.376.643.214.337,05
Agu
1.505.748.048.116,41
882.028.385.460,88
2.128.881.231.039,15
4.879.276.999.136,02
3.038.314.967.847,12
Sept
1.338.991.788.692,97
936.266.752.656,34
2.246.461.279.928,53
5.852.575.015.138,14
2.969.590.401.344,66
Okt
1.427.027.122.392,88
972.541.110.609,69
2.424.198.039.248,62
6.491.970.236.861,81
3.356.125.905.515,33
Nov
1.322.487.651.238,14
1.088.049.190.328,14
2.348.463.811.307,34
7.041.096.294.278,45
3.167.016.155.641,44
Des
1.305.732.126.731,82
31.809.599.073,03
1.428.484.007.753,49
28.756.410.075,52
2.374.883.709.809,16
43.371.463.963,98
7.592.734.656.737,17
45.719.986.636,56
3.240.076.698.306,66
129.969.878.196,79
Jan
Feb
31.701.100.406,91
31.248.616.570,58
48.300.917.403,02
51.629.831.609,28
113.019.515.912,44
Mar
32.775.933.493,22
27.035.577.046,31
49.262.473.831,44
69.174.576.930,53
133.417.401.369,39
Apr
31.096.087.793,29
36.770.155.263,34
54.130.075.336,24
105.776.276.977,85
120.840.741.019,52
Mei
30.152.657.259,04
38.081.691.263,38
59.476.073.310,28
133.193.627.122,07
112.468.141.890,81
Jun
30.536.710.810,75
43.447.988.756,54
56.261.622.165,81
131.053.120.189,16
102.540.795.822,70
Jul
29.764.957.993,68
41.999.562.460,42
47.946.046.491,41
127.019.359.760,27
98.110.151.449,71
Agu
27.186.084.089,55
37.494.677.132,18
41.899.409.470,17
125.462.115.418,69
90.766.033.667,70
Sept
24.703.773.581,41
38.188.249.640,70
43.097.663.000,76
94.667.648.601,55
84.004.819.690,79
Okt
26.493.546.036,34
39.178.925.422,01
45.018.752.930,71
89.509.071.600,57
91.942.430.635,50
Nov
25.421.578.048,84
43.380.333.236,26
41.190.217.664,57
78.704.463.563,76
94.401.955.921,51
Des
28.400.917.731,71
43.135.487.417,13
43.484.967.076,79
101.557.806.196,54
103.061.916.916,90
Jan
48,731,087,892.00
54,141,356,168.00
102,695,645,390.00
398,353,469,929.12
447,656,656,507.44
Feb
49,803,862,456.00
58,623,592,784.00
91,491,645,745.00
435,764,175,324.70
358,365,850,120.23
Mar
52,011,376,847.00
59,946,135,824.00
85,462,588,127.00
478,415,606,636.12
659,662,703,094.23
Apr
52,142,454,261.00
59,473,307,848.00
90,835,651,565.00
490,087,882,499.12
625,475,821,853.23
Mei
52,013,824,969.00
51,140,150,903.00
101,417,788,744.00
476,691,652,076.12
389,565,870,233.28
Jun
55,106,623,045.00
53,538,114,792.00
432,458,593,568.00
497,574,774,900.12
464,821,708,063.28
Jul
56,852,053,946.00
56,207,114,743.00
416,754,076,187.00
650,714,341,786.12
446,106,538,334.28
Agu
52,565,074,638.00
55,514,558,157.00
381,733,004,970.58
679,078,061,080.12
573,214,983,386.08
Sept
48,945,567,846.00
58,455,418,798.00
389,960,546,384.00
688,181,486,416.12
562,906,006,299.08
Okt
52,982,618,566.00
71,347,512,755.00
407,223,385,583.22
553,797,765,033.20
799,745,930,884.42
Nov
51,901,032,016.00
93,483,820,800.00
378,810,182,299.12
583,937,784,295.20
760,740,335,774.41
Des
52,781,088,565.00
102,778,781,329.00
376,153,563,139.12
549,773,987,186.20
817,848,968,256.41
81
Universitas Sumatera Utara
Lanjutan lampiran 4
Reksa
Dana
First State
IndoEquity
Sectoral
Fund
Bulan
Jan
Feb
Mar
Apr
Mei
Jun
Jul
Agu
Sept
Okt
Nov
Des
Jan
Feb
Mar
Apr
Mei
Manulife
Dana
Saham
Jun
Jul
Agu
Sept
Okt
Nov
Des
Manulife
Saham
Andalan
Jan
2011
2012
2013
2014
2015
1,389,274,633,591.89
1,695,733,020,232.42
2,250,933,927,501.41
1,773,370,551,308.57
1,418,794,327,847.43
1,449,859,154,923.32
1,748,290,570,471.12
2,301,398,578,791.81
2,068,013,791,948.91
1,408,509,670,200.61
1,531,772,258,948.07
1,831,269,760,942.75
2,482,473,487,866.33
1,977,777,592,744.62
1,303,147,695,491.51
1,572,551,755,486.54
1,849,510,866,700.14
2,474,370,379,815.83
1,625,730,839,873.49
1,180,456,174,995.68
1,576,873,080,088.54
1,785,253,265,365.68
2,417,417,140,559.04
1,549,923,193,559.16
1,191,666,274,456.07
1,599,160,432,205.45
1,907,076,070,170.35
1,994,712,910,115.02
1,536,925,198,679.99
1,158,179,519,538.40
1,665,949,191,616.16
2,039,682,988,664.33
1,851,534,842,165.82
1,542,842,530,526.79
1,135,208,611,491.76
1,649,823,832,719.62
1,914,546,791,846.24
1,663,170,241,586.81
1,518,269,940,362.84
936,621,120,713.19
1,544,974,811,958.53
2,120,700,928,737.32
1,780,954,404,488.28
1,491,546,029,863.96
853,797,003,100.54
1,696,639,343,551.81
2,612,390,005,131.30
1,817,133,677,318.93
1,553,050,517,307.23
868,134,998,769.14
1,766,685,251,570.15
2,333,138,880,917.04
1,752,919,035,636.20
1,522,580,922,449.69
840,461,218,973.38
1,675,310,591,031.29
2,308,775,412,524.76
1,758,239,780,879.83
1,475,821,597,835.04
867,831,436,841.85
2.720.755.177.936,74
3.071.828.863.458,37
3.125.059.474.590,15
2.508.045.552.036,64
2.322.869.753.330,29
2.825.170.747.425,95
3.085.455.658.259,78
3.181.439.317.098,39
2.571.296.138.817,14
2.262.886.562.806,67
3.081.123.224.409,90
3.134.184.197.133,03
3.234.638.632.259,46
2.626.772.428.042,03
2.519.588.626.994,09
3.355.796.461.939,93
3.122.536.566.715,11
3.206.979.377.955,07
2.668.328.627.824,08
2.474.317.229.089,72
3.453.915.619.656,84
2.882.344.340.798,64
3.122.249.166.714,42
2.636.990.625.124,83
2.486.681.204.082,48
3.383.059.974.750,10
2.972.351.702.236,34
2.977.678.235.632,13
2.636.737.324.059,20
2.316.352.776.567,82
3.466.069.323.079,35
3.090.290.547.424,76
2.806.584.840.267,80
2.622.907.676.856,79
2.200.099.822.960,40
3.177.444.923.448,56
2.986.885.547.570,85
2.593.400.085.042,90
2.543.882.133.508,92
1.984.665.532.053,43
2.897.778.330.368,47
3.102.216.897.702,91
2.566.711.692.288,22
2.501.734.845.274,05
1.865.174.701.241,69
3.129.821.512.591,07
3.174.337.259.517,09
2.690.664.990.914,30
2.489.564.235.581,48
1.206.547.185.652,28
3.023.560.035.429,30
3.188.466.285.545,80
2.525.279.286.063,69
2.479.313.061.667,97
1.185.027.227.869,30
3.082.769.775.945,61
3.186.558.735.610,71
2.464.039.731.881,05
2.460.487.746.382,48
1.324.562.689.399,11
1.833.083.280.090,00
1.488.448.463.660,00
1.377.764.651.622,00
1.849.061.854.146,00
2.272.680.756.652,51
1.929.016.719.139,00
1.484.887.750.361,00
1.348.008.423.172,00
1.898.350.770.322,00
1.949.187.509.218,47
2.109.669.966.364,00
1.447.274.575.274,00
1.580.533.877.360,00
1.923.436.520.982,50
1.955.278.208.317,47
2.228.076.574.546,00
1.409.268.732.117,00
1.479.775.436.391,00
1.920.913.044.906,51
1.758.954.298.851,47
2.257.937.007.838,00
1.283.253.575.330,00
1.745.618.027.215,00
1.839.832.033.322,75
1.801.344.632.093,47
2.304.842.903.628,00
1.323.934.288.158,00
2.009.272.337.152,00
1.865.682.684.114,00
1.647.721.921.781,47
2.135.830.124.923,00
1.346.047.462.801,95
1.946.312.953.995,91
1.818.398.285.455,10
1.588.662.271.293,47
1.930.613.369.532,00
1.162.946.404.877,55
1.824.904.536.897,91
1.718.295.199.661,00
1.429.078.017.196,47
1.748.943.614.391,00
1.168.451.001.563,90
1.844.863.896.508,91
1.879.726.294.057,14
1.318.060.257.907,47
1.881.502.809.286,00
1.313.954.096.729,80
1.934.510.906.171,91
2.263.691.600.508,32
1.431.324.433.920,47
1.794.083.647.654,00
1.331.292.821.226,15
1.816.464.217.561,91
2.226.595.984.356,86
1.403.684.078.647,47
1.582.225.379.259,00
1.454.461.493.368,85
1.805.460.489.944,00
2.467.056.382.064,00
1.451.151.082.271,47
13.741.576.120.290,90
10.647.593.707.917,60
8.807.604.831.380,27
8.313.293.380.552,66
9.595.305.213.406,11
14.375.100.860.309,60
10.816.739.350.892,40
9.039.770.432.504,44
8.308.882.465.971,89
9.928.844.561.997,83
15.473.349.366.049,30
10.601.912.619.289,70
9.001.252.706.216,63
8.598.482.596.290,06
10.608.201.921.871,90
15.922.308.326.436,40
10.212.240.926.477,30
9.119.454.416.049,13
8.524.344.009.246,13
11.422.480.684.135,60
16.088.775.913.376,50
9.543.914.624.814,65
9.214.203.398.516,63
8.483.471.550.750,34
12.271.611.971.826,40
16.167.245.716.147,30
10.162.173.589.645,40
8.894.415.952.932,21
8.610.080.483.695,89
11.912.153.940.857,50
16.742.317.749.341,70
10.418.579.962.840,10
8.742.348.321.719,77
8.413.599.690.537,27
11.984.138.558.914,30
16.224.450.307.617,20
9.609.129.848.698,55
8.062.054.039.048,25
8.448.013.990.424,13
11.764.332.413.205,60
15.334.977.119.510,90
9.301.157.922.694,27
8.318.120.191.890,29
8.341.295.814.181,75
11.245.139.799.866,30
Feb
Mar
Apr
Mei
Jun
Jul
Agu
Sept
Okt
Nov
Des
Schroder
Dana
Prestasi
Plus
Jan
Feb
Mar
Apr
Mei
Jun
Jul
Agu
Sept
Okt
8.748.938.855.643,50
8.523.002.005.951,70
12.121.898.640.846,60
11.132.620.789.487,80
13.128.253.798.177,40
8.753.686.772.701,89
9.137.154.393.928,01
8.362.667.557.026,69
8.755.543.622.729,13
12.164.331.150.159,00
11.087.901.484.962,10
8.818.425.564.044,58
8.473.940.409.138,92
9.283.253.566.520,35
13.335.628.028.177,30
Nov
Des
82
Universitas Sumatera Utara
Lampiran 5
Data Expense Ratio Reksa Dana Saham Tahun 2011-2015
Reksa Dana
Batavia Dana Saham Optimal
BNP Paribas Ekuitas
BNP Paribas Infrastruktur Plus
Cimb-Principal Equity Aggressive
First State IndoEquity Dividend Yield Fund
First State IndoEquity Sectoral Fund
Manulife Dana Saham
Manulife Saham Andalan
Schroder Dana Prestasi Plus
2011
3,51
2,83
2,72
3,51
2,98
2,66
3,47
3,87
2,08
2012
4,54
2,85
2,77
4,67
2,53
3,11
3,74
4,06
2,02
2013
4,52
2,82
2,95
4,95
2,94
3,26
3,84
4,23
2,1
2014
4,39
3,06
2,99
6,81
2,56
3,24
3,37
3,69
2,08
2015
4,92
3,25
2,96
7,01
3,02
3,33
3,53
3,39
2,06
Lampiran 6
Data Turnover Ratio Reksa Dana Saham Tahun 2011-2015
Reksa Dana
Batavia Dana Saham Optimal
BNP Paribas Ekuitas
BNP Paribas Infrastruktur Plus
Cimb-Principal Equity Aggressive
First State IndoEquity Dividend Yield Fund
First State IndoEquity Sectoral Fund
Manulife Dana Saham
Manulife Saham Andalan
Schroder Dana Prestasi Plus
2011
1,67
0,47
0,41
0,42
0,13
0,23
0,71
0,75
0,52
2012
2,49
0,51
0,91
2,47
0,15
0,22
1,01
1,42
0,33
2013
1,92
0,46
0,83
3,33
0,16
0,19
0,93
1,48
0,47
2014
1,47
0,63
0,7
3,65
0,30
0,09
0,6
1,09
0,47
2015
1,36
0,76
0,49
3,72
0,68
0,09
0,79
0,56
0,26
Lampiran 7
Data Fund Age Reksa Dana Saham Tahun 2011-2015
Reksa Dana
Batavia Dana Saham Optimal
2011
2012
2013
2014
2015
63
75
87
99
111
BNP Paribas Ekuitas
130
142
154
166
178
BNP Paribas Infrastruktur Plus
57
77
69
89
81
101
93
113
105
125
Cimb-Principal Equity Aggressive
First State IndoEquity Dividend Yield Fund
76
88
100
112
124
First State IndoEquity Sectoral Fund
84
96
108
120
132
Manulife Dana Saham
100
112
124
136
148
Manulife Saham Andalan
49
61
73
85
97
135
147
159
171
183
Schroder Dana Prestasi Plus
83
Universitas Sumatera Utara
Lampiran 8
Data Cash Flow Reksa Dana Saham Tahun 2011-2015
Reksa Dana
2011
2012
2013
2014
2015
Batavia
Dana
Saham
Optimal
3,205,787,852.03
22,800,661,379.23
38,415,974,925.30
118,319,201,924.06
-14,176,063,130.72
BNP
Paribas
Ekuitas
-93,256,256,836.90
-159,912,575,398.31
-109,629,914,210.37
-193,426,870,041.47
-42,839,514,793.80
-194,028,758,575.16
19,252,505,858.47
171,997,464,312.79
628,414,701,667.59
-1,027,137,622,424.01
-1,413,062,668.87
2,480,889,148.29
76,309,491.29
10,709,030,498.99
304,354,437.80
-273,296,561.93
10,096,696,785.85
54,504,763,995.95
35,472,568,976.74
53,206,910,332.59
30,257,943,368.77
127,708,963,695.16
-109,778,963,723.05
-57,566,485,357.97
-120,342,295,984.82
110,189,661,575.86
20,287,156,057.31
-168,102,338,963.11
-753,379,752.04
-341,088,742,925.04
Manulife
Saham
Andalan
-88,161,012,247.32
-23,955,566,357.68
66,913,447,392.77
107,890,228,785.43
-230,056,377,738.23
Schroder
Dana
Prestasi
Plus
-672,911,932,451.50
-455,552,702,110.94
-68,828,784,222.93
165,126,416,233.22
808,768,623,944.25
BNP
Paribas
Infrastruktur
Plus
CimbPrincipal
Equity
Aggressive
First State
IndoEquity
Dividend
Yield Fund
First State
IndoEquity
Sectoral
Fund
Manulife
Dana
Saham
84
Universitas Sumatera Utara
Lampiran 9
Common Effect Model (CEM)
Dependent Variable: KINERJA?
Method: Pooled Least Squares
Date: 09/07/16 Time: 14:40
Sample: 2011 2015
Included observations: 5
Cross-sections included: 9
Total pool (balanced) observations: 45
Variable
Coefficient
Std. Error
t-Statistic
Prob.
FUNDSIZE?
0.047534
0.037874
1.255067
0.2167
EXPENSERATIO?
-0.144815
0.121222
-1.194629
0.2393
TURNOVER?
0.244098
0.156629
1.558447
0.1270
FUNDAGE?
-0.513221
0.228412
-2.246905
0.0302
CASHFLOW?
-0.234860
0.836204
-0.280865
0.7803
R-squared
0.192493
Mean dependent var
-1.330176
Adjusted R-squared
0.111743
S.D. dependent var
0.463892
S.E. of regression
0.437206
Akaike info criterion
1.287617
Sum squared resid
7.645978
Schwarz criterion
1.488357
Hannan-Quinn criter.
1.362451
Log likelihood
Durbin-Watson stat
-23.97137
2.111134
85
Universitas Sumatera Utara
Lampiran 10
Fixed Effect Model (FEM)
Dependent Variable: KINERJA?
Method: Pooled Least Squares
Date: 09/07/16 Time: 14:41
Sample: 2011 2015
Included observations: 5
Cross-sections included: 9
Total pool (balanced) observations: 45
Variable
Coefficient
Std. Error
t-Statistic
Prob.
C
6.985304
3.386674
2.062585
0.0476
FUNDSIZE?
-0.003193
0.147798
-0.021601
0.9829
EXPENSERATIO?
-0.043050
0.205608
-0.209377
0.8355
TURNOVER?
0.289981
0.210602
1.376914
0.1784
FUNDAGE?
-1.795652
0.440034
-4.080714
0.0003
CASHFLOW?
-1.038161
0.940588
-1.103736
0.2782
Effects Specification
Cross-section fixed (dummy variables)
R-squared
0.477721
Mean dependent var
-1.330176
Adjusted R-squared
0.258701
S.D. dependent var
0.463892
S.E. of regression
0.399405
Akaike info criterion
1.251867
Sum squared resid
Log likelihood
4.945264
-14.16701
F-statistic
2.181174
Prob(F-statistic)
0.037193
Schwarz criterion
1.813940
Hannan-Quinn criter.
1.461402
Durbin-Watson stat
3.000705
86
Universitas Sumatera Utara
Lampiran 11
Uji Chow
Redundant Fixed Effects Tests
Pool: FREDI
Test cross-section fixed effects
Effects Test
Statistic
Cross-section F
Cross-section Chi-square
d.f.
Prob.
1.654230
(8,31)
0.1499
15.997631
8
0.0424
Cross-section fixed effects test equation:
Dependent Variable: KINERJA?
Method: Panel Least Squares
Date: 09/07/16 Time: 14:42
Sample: 2011 2015
Included observations: 5
Cross-sections included: 9
Total pool (balanced) observations: 45
Variable
Coefficient
Std. Error
t-Statistic
Prob.
C
2.854792
1.581459
1.805163
0.0788
FUNDSIZE?
-0.023176
0.053779
-0.430948
0.6689
EXPENSERATIO?
-0.258740
0.133762
-1.934331
0.0604
TURNOVER?
0.289675
0.154463
1.875361
0.0682
FUNDAGE?
-0.627864
0.231121
-2.716598
0.0098
CASHFLOW?
-0.545288
0.831527
-0.655767
0.5158
R-squared
0.254761
Mean dependent var
-1.330176
Adjusted R-squared
0.159218
S.D. dependent var
0.463892
S.E. of regression
0.425362
Akaike info criterion
1.251814
Sum squared resid
7.056388
Schwarz criterion
1.492703
Hannan-Quinn criter.
1.341615
Durbin-Watson stat
2.239254
Log likelihood
-22.16583
F-statistic
2.666444
Prob(F-statistic)
0.036299
87
Universitas Sumatera Utara
Lampiran 12
Random Effect Model (REM)
Dependent Variable: KINERJA?
Method: Pooled EGLS (Cross-section random effects)
Date: 09/07/16 Time: 14:45
Sample: 2011 2015
Included observations: 5
Cross-sections included: 9
Total pool (balanced) observations: 45
Swamy and Arora estimator of component variances
Variable
C
FUNDSIZE?
EXPENSERATIO?
TURNOVER?
FUNDAGE?
CASHFLOW?
Coeff icient
Std. Error
t-Statistic
Prob.
2.854792
1.484954
-0.023176
0.050497
-0.258740
0.125599
0.289675
0.145038
-0.627864
0.217018
-0.545288
0.780784
Effects Specification
1.922478
-0.458955
-2.060041
1.997239
-2.893146
-0.698385
0.0619
0.6488
0.0461
0.0528
0.0062
0.4891
S.D.
Cross-section random
Idiosyncratic random
0.182300
0.399405
Rho
0.02360
1.0000
Weighted Statistics
R-squared
Adjusted R-squared
S.E. of regression
F-statistic
Prob(F-statistic)
0.254761
0.159218
0.425362
2.666444
0.036299
Mean dependent var
S.D. dependent var
Sum squared resid
Durbin-Watson stat
-1.330176
0.463892
7.056388
2.239254
Unweighted Statistics
R-squared
Sum squared resid
0.254761
7.056388
Mean dependent var
Durbin-Watson stat
-1.330176
2.239254
88
Universitas Sumatera Utara
Lampiran 13
Uji Hausman
Correlated Random Effects - Hausman Test
Pool: FREDI
Test cross-section random effects
Chi-Sq.
Statistic
Chi-Sq. d.f.
Prob.
12.855343
5
0.0248
Random
Var(Diff.)
Prob.
-0.023176
-0.258740
0.289675
-0.627864
-0.545288
0.019294
0.026500
0.023317
0.146533
0.275081
0.8856
0.1852
0.9984
0.0023
0.3474
Test Summary
Cross-section random
Cross-section random effects test comparisons:
Variable
FUNDSIZE?
EXPENSERATIO?
TURNOVER?
FUNDAGE?
CASHFLOW?
Fixed
-0.003193
-0.043050
0.289981
-1.795652
-1.038161
Cross-section random effects test equation:
Dependent Variable: KINERJA?
Method: Panel Least Squares
Date: 09/07/16 Time: 14:46
Sample: 2011 2015
Included observations: 5
Cross-sections included: 9
Total pool (balanced) observations: 45
Variable
Coefficient
Std. Error
t-Statistic
Prob.
C
FUNDSIZE?
EXPENSERATIO?
TURNOVER?
FUNDAGE?
CASHFLOW?
6.985304
-0.003193
-0.043050
0.289981
-1.795652
-1.038161
3.386674
0.147798
0.205608
0.210602
0.440034
0.940588
2.062585
-0.021601
-0.209377
1.376914
-4.080714
-1.103736
0.0476
0.9829
0.8355
0.1784
0.0003
0.2782
Effects Specification
Cross-section fixed (dummy variables)
R-squared
Adjusted R-squared
S.E. of regression
Sum squared resid
Log likelihood
F-statistic
Prob(F-statistic)
0.477721
0.258701
0.399405
4.945264
-14.16701
2.181174
0.037193
Mean dependent var
S.D. dependent var
Akaike info criterion
Schwarz criterion
Hannan-Quinn criter.
Durbin-Watson stat
-1.330176
0.463892
1.251867
1.813940
1.461402
3.000705
89
Universitas Sumatera Utara
Lampiaran 14
Uji Normalitas
10
Series: Residuals
Sample 1 45
Observations 45
8
6
4
2
Mean
Median
Maximum
Minimum
Std. Dev.
Skewness
Kurtosis
1.10e-15
0.119092
0.647364
-0.927047
0.400465
-0.881476
2.988436
Jarque-Bera
Probability
5.827749
0.054265
0
-1.0
-0.8
-0.6
-0.4
-0.2
0.0
0.2
0.4
0.6
Lampiran 15
Uji Multikoloniaritas
FUND_SIZE EXPENSE_RATIO TURN_OVER FUND_AGE CASH_FLOW
FUND_SIZE
1.000000
-0.574501
-0.533925
0.475422
-0.270168
EXPENSE_RATIO -0.574501
1.000000
0.880857
-0.218073
0.190044
TURN_OVER
-0.533925
0.880857
1.000000
-0.167720
0.291392
FUND_AGE
0.475422
-0.218073
-0.167720
1.000000
-0.142693
CASH_FLOW
-0.270168
0.190044
0.291392
-0.142693
1.000000
90
Universitas Sumatera Utara
Lampiran 16
Uji Autokolerasi
Breusch-Godfrey Serial Correlation LM Test:
F-statistic
0.000460
Prob. F(1,38)
0.9830
Obs*R-squared
0.000545
Prob. Chi-Square(1)
0.9814
Test Equation:
Dependent Variable: RESID
Method: Least Squares
Date: 09/07/16 Time: 14:55
Sample: 1 45
Included observations: 45
Presample missing value lagged residuals set to zero.
Variable
Coefficient
Std. Error
t-Statistic
Prob.
FUND_SIZE
-0.000182
0.055140
-0.003307
0.9974
EXPENSE_RATIO
-0.000214
0.135877
-0.001577
0.9988
TURN_OVER
0.000262
0.156957
0.001669
0.9987
FUND_AGE
0.000450
0.235079
0.001914
0.9985
CASH_FLOW
-0.007004
0.903426
-0.007753
0.9939
C
0.003504
1.610422
0.002176
0.9983
RESID(-1)
0.003772
0.175799
0.021457
0.9830
R-squared
0.000012
Mean dependent var
1.10E-15
-0.157881
S.D. dependent var
0.400465
S.E. of regression
0.430920
Akaike info criterion
1.296247
Sum squared resid
7.056302
Schwarz criterion
1.577283
Hannan-Quinn criter.
1.401014
Durbin-Watson stat
1.981239
Adjusted R-squared
Log likelihood
-22.16555
F-statistic
7.67E-05
Prob(F-statistic)
1.000000
91
Universitas Sumatera Utara
Lampiran 17
Uji Heterokedastisitas
Heteroskedasticity Test: White
F-statistic
1.531878
Prob. F(5,39)
0.2024
Obs*R-squared
7.386992
Prob. Chi-Square(5)
0.1934
Scaled explained SS
5.516371
Prob. Chi-Square(5)
0.3562
Test Equation:
Dependent Variable: RESID^2
Method: Least Squares
Date: 09/07/16 Time: 15:00
Sample: 1 45
Included observations: 45
Variable
Coefficient
Std. Error
t-Statistic
Prob.
C
-0.435049
0.380335
-1.143859
0.2597
FUND_SIZE^2
0.000493
0.000530
0.929305
0.3584
EXPENSE_RATIO^2
-0.002784
0.008650
-0.321823
0.7493
TURN_OVER^2
-0.001440
0.025131
-0.057305
0.9546
FUND_AGE^2
0.012150
0.013514
0.899071
0.3741
CASH_FLOW^2
-2.352273
2.767489
-0.849967
0.4005
R-squared
0.164155
Mean dependent var
0.156809
Adjusted R-squared
0.056996
S.D. dependent var
0.223617
S.E. of regression
0.217151
Akaike info criterion
-0.092879
Sum squared resid
1.839033
Schwarz criterion
Log likelihood
8.089774
Hannan-Quinn criter.
F-statistic
1.531878
Durbin-Watson stat
Prob(F-statistic)
0.202407
0.148009
-0.003078
2.608950
92
Universitas Sumatera Utara