AMFUNDS MANAGEMENT BERHAD

CORPORATE INFORMATION

ipra_ambankAmInvest is a global award-winning fund house with a track record spanning more than three decades and provides innovative investment solutions across a full spectrum of asset classes, for both individual and institutional investors.

Through its retirement solutions, AmInvest’s Private Retirement Scheme that has been designed to capitalise on market cycles, AmInvest continues to pursue a winning strategy of optimising returns for investors within acceptable risk boundaries.

AmInvest adopts a rigorous risk management framework developed through a continuously improved risk management culture. AmInvest’s Private Retirement Scheme reflects this approach and aims to help all Malaysians realise their retirement dreams and long-term financial goals.

For detail information on the PRS, please refer to the PRS Provider’s Disclosure Document & Product Highlights Sheet here

SCHEME AND FUND INFORMATION

Default & Self Selection

AmPRS (Core Fund) Scheme Trustee: Deutsche Trustees Malaysia Berhad

Please read the scheme’s disclosure document before deciding to make a contribution. If you do not have a copy, please contact the PRS Provider to ask for one or or click here to go to the PRS Provider’s page.

Investment Objective AmPRS – Conservative Fund aims to preserve* capital by investing primarily in fixed income securities and money market instruments.

Note: *Please note that members’ capital is neither guaranteed nor protected.

Note: Any material change to the investment objective of the Fund(s) would require Members’ approval.
Fund Category Core (Conservative).
Investment Strategy The AmPRS – Conservative Fund may invest its assets into a well-diversified portfolio comprising the following asset classes:
  • Fixed income securities;
  • Money market instruments;
  • Deposits;
  • Equities and/or equity-related securities; and
  • REITs
Investments in the Fund will be restricted to investments in Malaysia and local currency investments.
Asset Allocation
  • A minimum of 80% of the Fund’s NAV in fixed income securities, deposits and/or money market instruments, where a minimum of 1% of the Fund’s NAV in deposits; and
  • 0% to 20% of the Fund’s NAV in equities, equity-related securities and/or REITs.
Performance Benchmark 1-year Malayan Banking Berhad Conventional Fixed Deposit Rate
Member Profile AmPRS – Conservative Fund is suitable for Members who seek:
  • capital growth on their investment
  • to preserve* investment capital
  • a long term retirement savings* plan
This Fund is also suitable for Members aged 55 years and above if they contribute under the default option.

Notes: *Please note that Members’ capital is neither guaranteed nor protected. Any material change to the investment objective of the Fund(s) would require Members’ approval.

AmPRS (Core Fund) Scheme Trustee: Deutsche Trustees Malaysia Berhad

Please read the scheme’s disclosure document before deciding to make a contribution. If you do not have a copy, please contact the PRS Provider to ask for one or or click here to go to the PRS Provider’s page.

Investment Objective AmPRS – Moderate Fund aims to provide medium to long term capital growth by investing in equities, fixed income securities and/or REITs.

Note: Any material change to the investment objective of the Fund(s) would require Members’ approval

Fund Category Core (Moderate)
Investment Strategy The AmPRS – Moderate Fund may invest its assets into a well-diversified portfolio comprising the following asset classes:
  • Equities and/or equity-related securities;
  • Fixed income securities;
  • Money market instruments; and
  • Deposits.
The AmPRS – Moderate Fund will invest in securities that are traded and/or listed in the local and foreign Eligible Markets.
The Investment Manager may opt to invest in the securities directly or via CIS of AFM or other CIS such as REITs and ETFs.
In the event of a severe market condition, the Investment Manager may employ a temporary defensive position and deviate from the investment strategy and asset allocation of the Fund by reducing the Fund’s exposure in equities and/or equity-related securities and increasing the Fund’s exposure in fixed income securities, money market instruments and/or deposits.
The AmPRS – Moderate Fund may also invest in derivatives for the purpose of hedging (subject to the PRS Guidelines) if it is deemed necessary to do so.
Asset Allocation
  • Up40% to 60% of the Fund’s NAV in equities and/or equity-related securities; and;
  • 40% to 60% of the Fund’s NAV in fixed income securities, money market instruments and/or deposits, where a minimum of 1% of the Fund’s NAV will be in deposits.
Performance Benchmark
  • 15% MSCI AC Asia Pacific ex Japan Index1
  • 20% FTSE Bursa Malaysia Top 100 Index2
  • 15% MSCI AC World Index
  • 50% Quantshop Medium* MGS Index

Note: *Medium means a duration of three (3) years to seven (7) years.
Member Profile AmPRS – Moderate Fund is suitable for members who seek:
  • for capital growth on their investment
  • for a balanced portfolio that includes equities and fixed income securities
  • for long term** retirement savings* plan
This Fund is also suitable for Members aged below 45 years and above but have not reached 55 years if they contribute under the default option.

Note: * Please note that Members’ capital is neither guaranteed nor protected.

AmPRS (Core Fund) Scheme Trustee: Deutsche Trustees Malaysia Berhad

Please read the scheme’s disclosure document before deciding to make a contribution. If you do not have a copy, please contact the PRS Provider to ask for one or or click here to go to the PRS Provider’s page.

Investment Objective AmPRS – Growth Fund aims to provide long term capital growth by investing primarily in equities, equityrelated securities and/or real estate investment trust (“REITs”).

Note: Any material change to the investment objective of the Fund(s) would require Members’ approval.
Fund Category Core (Growth)
Investment Strategy

The AmPRS – Growth Fund may invest its assets into a well-diversified portfolio comprising the following asset classes:

  • Equities and/or equity-related securities;
  • Fixed income instruments;
  • Money market instruments; and
  • Deposits.

The AmPRS – Growth Fund will invest in securities that are traded and/or listed in the local and foreign Eligible Markets.

The Investment Manager may opt to invest in the securities directly or via CIS of AFM or other CIS such as REITs and ETFs.

In the event of a severe market condition, the Investment Manager may employ a temporary defensive position and deviate from the investment strategy and asset allocation of the Fund by reducing the Fund’s exposure in equities and/or equity-related securities and increasing the Fund’s exposure in fixed income securities, money market instruments and/or deposits.

The AmPRS – Growth Fund may also invest in derivatives for the purpose of hedging (subject to the PRS Guidelines) if it is deemed necessary to do so.
Asset Allocation
  • A minimum of 70% of the Fund’s NAV in equities and/or equity-related securities;
  • A maximum of 30% of the Fund’s NAV in fixed income securities, money market instruments and/or deposits, where a minimum of 1% of the Fund’s NAV will be in deposits.
Performance Benchmark
  • 20% MSCI AC Asia Pacific ex Japan Index1
  • 30% FTSE Bursa Malaysia Top 100 Index2
  • 20% MSCI AC World Index
  • 30% Quantshop Medium* MGS Index

Note: * Medium means a duration of three (3) years to seven (7) years.
Member Profile

AmPRS – Growth Fund is suitable for Members who seek:

  • capital growth on their investment
  • a diversified portfolio of equities with strong emphasis on growth
  • a long term retirement savings* plan.

This Fund is also suitable for Members aged below 45 years if they contribute under the default option.

Note: * Please note that members’ capital is neither guaranteed nor protected.

Other Self Selection

Please read the scheme’s disclosure document before deciding to make a contribution. If you do not have a copy, please contact the PRS Provider to ask for one or or click here to go to the PRS Provider’s page.

Investment Objective AmPRS – Islamic Equity Fund aims to provide long term capital growth by investing primarily in Shariah Compliant equities and/or Shariah Compliant equity-related securities.

Note: Any material change to the investment objective of the Fund would require Members’ approval.
Fund Category Equity (Islamic)
Investment Strategy

The AmPRS – Islamic Equity Fund may invest its assets into a well-diversified portfolio comprising the following asset classes:

  • Shariah Compliant Equities and/or Shariah-Compliant equity-related securities;
  • Sukuk and Islamic money market instruments; and
  • Islamic deposits.

The AmPRS – Islamic Equity Fund will invest in Shariah-compliant securities that are traded and/or listed in the local and foreign Eligible Markets.

The Investment Manager may opt to invest in the Shariah Compliant securities either directly or via Islamic CIS of AFM or other Islamic CIS such as REITs and ETFs that comply with Shariah Principles.

In the event of a severe market condition, the Investment Manager may employ a temporary defensive position and deviate from the investment strategy and asset allocation of the Fund by reducing the Fund’s exposure in Shariah Compliant Equities and/or Shariah Compliant equity-related securities and increasing the Fund’s exposure in Sukuk, Islamic money market instruments and Islamic deposits.

The AmPRS – Islamic Equity Fund may also use Islamic hedging instruments for the purpose of hedging (subject to the PRS Guidelines) if it is deemed necessary to do so.
Asset Allocation
  • A minimum of 70% of the Fund’s NAV in Shariah Compliant Equities and/or Shariah Compliant equityrelated securities (i.e. Shariah Compliant warrants); and
  • A maximum of 30% of the Fund’s NAV in Sukuk, Islamic money market instruments and/or Islamic deposits, where a minimum of 1% of the Fund’s NAV will be in Islamic deposits.
Performance Benchmark
  • 20% MSCI AC Asia Pacific ex Japan Islamic Index1
  • 30% FTSE Bursa Malaysia Emas Shariah Index2
  • 20% MSCI AC World Islamic Index
  • 30% Quantshop Medium* GII Index

Note: * Medium means a duration of three (3) years to seven (7) years.
Member Profile

AmPRS – Islamic Equity Fund is suitable for members who seek:

  • long term capital growth on their Shariah compliant investment;
  • a diversified portfolio of Shariah compliant equities with strong emphasis on growth; and
  • a long term retirement savings* plan.

*Please note that members’ capital is neither guaranteed nor protected.

Please read the scheme’s disclosure document before deciding to make a contribution. If you do not have a copy, please contact the PRS Provider to ask for one or or click here to go to the PRS Provider’s page.

Investment Objective AmPRS – Islamic Balanced Fund aims to provide medium to long term capital growth by investing in Shariah Compliant equities, Sukuk and Islamic money market instruments.

Note: Any material change to the investment objective of the Fund would require Members’ approval.
Fund Category Balanced (Islamic)
Investment Strategy

The AmPRS – Islamic Balanced Fund may invest its assets into a well-diversified portfolio comprising the
following asset classes:

  • Shariah Compliant Equities and/or Shariah Compliant equity-related securities;
  • Sukuk and Islamic money market instruments; and;
  • Islamic deposits.

The AmPRS – Islamic Balanced Fund will invest in Shariah compliant securities that are traded and/or listed in the local and foreign Eligible Markets.

The Investment Manager may opt to invest in the Shariah compliant securities directly or via Islamic CIS of AFM or other Islamic CIS such as REITs and ETFs that comply with Shariah Principles.

In the event of a severe market condition, the Investment Manager may employ a temporary defensive position and deviate from the investment strategy and asset allocation of the Fund by reducing the Fund’s exposure in Shariah compliant equities and/or Shariah compliant equity-related securities and increasing the Fund’s exposure in Sukuk, Islamic money market instruments and Islamic deposits.

The AmPRS – Islamic Balanced Fund may also use Islamic hedging instruments for the purpose of hedging (subject to the PRS Guidelines) if it is deemed necessary to do so.
Asset Allocation
  • 40% to 60% of the Fund’s NAV in Shariah Compliant Equities and/or Shariah Compliant equity-related securities (i.e. Shariah Compliant warrants); and
  • 40% to 60% of the Fund’s NAV in Sukuk, Islamic money market instruments and/or Islamic deposits, where a minimum of 1% of the Fund’s NAV will be in Islamic deposits
Performance Benchmark
  • 15% MSCI AC Asia Pacific ex Japan Islamic Index1
  • 20% FTSE Bursa Malaysia Emas Shariah Index2
  • 15% MSCI AC World Islamic Index
  • 50% Quantshop Medium* GII Index

Note: * Medium means a duration of three (3) years to seven (7) years.

Member Profile

AmPRS – Islamic Balanced Fund is suitable for members who seek:

  • medium to long term capital growth on their Shariah Compliant investment;
  • a balanced portfolio that includes Shariah Compliant equities, Sukuk and Islamic money market instruments; and
  • a long term retirement savings* plan

Note: * Please note that Members’ capital is neither guaranteed nor protected.

Please read the scheme’s disclosure document before deciding to make a contribution. If you do not have a copy, please contact the PRS Provider to ask for one or or click here to go to the PRS Provider’s page.

Investment Objective The Fund aims to provide returns through income* and to a lesser extent capital appreciation by investing in the AmTactical Bond.

Note: * Income distribution (if any) will be reinvested in the form of units.

Any material change to the investment objective of the Fund would require Members’ approval.
Fund Category Feeder Fund (Bond)
Investment Strategy The Fund seeks to achieve its investment objective by investing a minimum of 85% of the Fund’s net asset value (“NAV”) in the AmTactical Bond (“Target Fund”) at all times. This implies that the Fund has a passive strategy.

Note: A replacement of the Target Fund would require Members’ approval.
The Investment Manager may opt to invest in the Shariah compliant securities directly or via Islamic CIS of AFM or other Islamic CIS such as REITs and ETFs that comply with Shariah Principles.
Asset Allocation
  • A minimum of 85% of the Fund’s NAV will be invested into the Target Fund; and
  • Up to 15% of the Fund’s NAV in liquid assets
Performance Benchmark Quantshop All MGS Index, which is also the performance benchmark of the Target Fund.
Member Profile

AmPRS – Tactical Bond is suitable for members who:

  • are willing to assume risks associated with investing in securities with long duration (i.e. there will be no portfolio maturity limitation) and low credit ratings (i.e. there will be no minimum rating for the securities purchased or held by the Target Fund)

Please read the scheme’s disclosure document before deciding to make a contribution. If you do not have a copy, please contact the PRS Provider to ask for one or or click here to go to the PRS Provider’s page.

Investment Objective The Fund aims to provide capital appreciation by investing in the AmDynamic* Sukuk.

Note: Any material change to the investment objective of the Fund would require Members’ approval.
Fund Category Feeder fund (Sukuk)
Investment Strategy The Fund seeks to achieve its investment objective by investing a minimum of 85% of the Fund’s net asset value (“NAV”) in the AmDynamic* Sukuk (“Target Fund”) at all times. This implies that the Fund has a passive strategy.

Note: A replacement of the Target Fund would require Members’ approval.

Asset Allocation
  • A minimum of 85% of the Fund’s NAV will be invested into the Target Fund; and
  • Up to 15% of the Fund’s NAV in Islamic liquid assets
Performance Benchmark Bond Pricing Agency Malaysia (BPAM) Corporates Sukuk Index, which is also the performance benchmark of the Target Fund.

Note: Effective 25 July 2015, the performance benchmark has been changed from Bloomberg AIBIM Bursa Malaysia Sovereign Shariah Index (BMSSI) to BPAM Corporates Sukuk Index. /p>
Member Profile

AmPRS – Dynamic Sukuk is suitable for members who:

  • seek steady growth in value by investing in Sukuk as an asset class; and
  • are willing to assume additional interest rate risk, duration risk and liquidity risk associated with investing in Sukuk with long duration (i.e. there will be no portfolio maturity limitation) and low credit ratings (i.e. there will be no minimum rating for Sukuk purchased or held by the Target Fund)

Please read the scheme’s disclosure document before deciding to make a contribution. If you do not have a copy, please contact the PRS Provider to ask for one or or click here to go to the PRS Provider’s page.

Investment Objective The Fund aims to provide income* and to a lesser extent capital appreciation over the medium to long term by primarily investing in real estate investment trusts (REITs).

Note:
* Income distribution (if any) will be reinvested in the form of units.
Any material change to the investment objective of the Fund would require Members’ approval.
Fund Category Real estate (REITs)
Investment Strategy To achieve the investment objective, 70% to 98% of the Fund’s net asset value (“NAV”) will be invested in REITs listed in the Asia Pacific region, which includes but not limited to Australia, Hong Kong, Japan, Malaysia, New Zealand, Singapore, South Korea, Taiwan and Thailand. In addition to country diversification, the Fund will also diversify into different REITs sectors such as residential, commercial and industrial. The Fund will hold between 2% to 30% of its NAV in liquid assets.

The Investment Manager employs an active allocation strategy, which means the asset allocation decisions will be made after reviewing the macroeconomic trends and REITs market outlook of the respective countries in the Asia Pacific region. The Investment Manager will be targeting REITs that have been generating regular income returns
and have potential for capital growth. In evaluating the suitability of a REIT, the Investment Manager, amongst other factors, will review the track record, investment portfolio, financial status, income distribution policy and cost factors of the REIT.

In an adverse market condition, the Investment Manager may increase its asset allocation to lower risk assets such as liquid assets to safeguard the investment of the Fund. During this period, the Fund‘s investment may differ from the stipulated investment strategy. In order to achieve the investment objective, the Investment Manager will invest in REITs directly.
Asset Allocation
  • 70% to 98% of the Fund’s NAV will be invested in REITs; and
  • A minimum of 2% and 30% of the Fund’s NAV in liquid assets
Performance Benchmark S&P Pan Asia REITs Index1. (obtainable from:www.aminvest.com and Bloomberg L.P)
Member Profile

AmPRS – Asia Pacific REITs is suitable for members who:

  • an investment exposure through a diversified portfolio of REITs in Asia Pacific region; and
  • income* and to a lesser extent capital appreciation over the medium to long term.

Note: * Income distribution (if any) will be in the form of units.

CONTRIBUTIONS & WITHDRAWALS

There are fees and charges involved and you are advised to consider them before contributing to the scheme.
All Funds
Minimum contribution Class D and Class I:
For lump sum investment:
RM500 per fund or lower amount as the PRS Provider may from time to time decide
For lump sum investment via AmInvest PRS online platform:
RM100 per fund or lower amount as the PRS Provider may from time to time decide

Note: Maximum initial contribution through AmInvest PRS online platform is capped at RM20,000.

For regular savings plan:
RM100 per fund or lower amount as the PRS Provider may from time to time decide

Note: For Employer-Sponsored Retirement Scheme, the minimum contribution can be met by combining all contributions made by employers for their employee.
Minimum additional contribution Class D and Class I:
For lump sum investment:
RM100 per fund or lower amount as the PRS Provider may from time to time decide
For regular savings plan:
RM100 per fund or lower amount as the PRS Provider may from time to time decide

Note: For Employer-Sponsored Retirement Scheme, the minimum contribution can be met by combining all contributions made by employers for their employee.
Minimum withdrawal/switching Class D and Class I: 500 units or such units as the PRS Provider may from time to time decide
Minimum holding/balance Class D and Class I: 200 units or such units as the PRS Provider may from time to time decide

FEES & CHARGES

There are fees and charges involved and you are advised to consider them before contributing to the scheme.
AmPRS – Conservative Fund AmPRS – Moderate Fund AmPRS – Growth Fund AmPRS – Islamic Equity Fund
Sales charge Class D: Up to 3.00% of NAV per unit of the Class.
Class I: There is no sales charge for this Class.
Redemption charge Class D and Class I: There is no redemption charge for this Class
Switching fee (between funds in this Scheme) Class D and Class I:
Switching is allowed between Funds under the Scheme subject to a fee. You may be charged up to 3.00% of amount switched. However, switching between Class(es) within a Fund and switching between Class(es) between Funds are not allowed.
Switching fee (between funds in another PRS managed by AFM) Nil.
Transfer fee (to another PRS provider) Class D and Class I: Transfer of units from the Scheme to another scheme offered by another PRS provider is allowed at a fee of RM25, per transfer. This fee is payable to the PRS Provider.
Annual management fee Class D: Up to 1.50% p.a. of the NAV attributable to this Class of units of the Fund.
Class I: Up to 1.25% p.a. of the NAV attributable to this Class of units of the Fund.
Annual scheme trustee fee Class D and Class I: Up to 0.04% p.a. of the NAV of the Fund (excluding foreign sub –custodian fee)
Annual PPA administration fee Class D and Class I: 0.04% p.a. of the NAV of the Fund

AmPRS – Islamic Balanced Fund AmPRS – Asia Pacific REITs AmPRS – Tactical Bond AmPRS – Dynamic Sukuk
Sales charge Class D: Up to 3.00% of NAV per unit of the Class. Class I: There is no sales charge for this Class Class D: Up to 2.00% of NAV per unit of the Class.
Class I: There is no sales charge for this Class
Redemption charge Class D and Class I: There is no redemption charge for this Class Class D and Class I: Up to 1.00% of NAV per unit of the Class. All redemption charge will be placed back into the Fund
Switching fee (between funds in this Scheme) Class D and Class I: Switching is allowed between Funds under the Scheme subject to a fee. You may be charged up to 3.00% of amount switched. However, switching between Class(es) within a Fund and switching between Class(es) between Funds are not allowed.
Switching fee (between funds in another PRS managed by AFM) Nil.
Transfer fee (to another PRS provider) Class D and Class I: Transfer of units from the Scheme to another scheme offered by another PRS provider is allowed at a fee of RM25, per transfer. This fee is payable to the PRS Provider.
Annual management fee Class D: Up to 1.50% p.a. of the NAV attributable to this Class of units of the Fund
Class I: Up to 1.25% p.a. of the NAV attributable to this Class of units of the Fund		 Class D and Class I: Up to 1.00% p.a. of the NAV attributable to this Class of units of the Fund
Annual scheme trustee fee Up to 0.04% p.a. of the NAV of the Fund (excluding foreign sub –custodian fee) Up to 0.04% p.a. of the NAV of the Fund
Annual PPA administration fee Class D and Class I: Up to 0.04% p.a. of the NAV of the Fund

RISKS DISCLOSURE

You are advised to read the scheme’s disclosure document and understand the risks involved and, if necessary, consult your professional adviser before making contributions.

General Investment Risks

Market risk, inflation risk, Investment Manager Risk, Country Risk, Non-Compliance Risk, Capital and Returns Not Guaranteed.

Specific Risks of the Funds

AmPRS – Conservative Fund AmPRS – Moderate Fund AmPRS – Growth Fund AmPRS – Islamic Equity Fund AmPRS – Islamic Balanced Fund AmPRS – Tactical Bond
Equity investment risk
Credit/default risk
Interest rate risk
Profit rate risk
Collective investment scheme risk
Equity-linked instruments investment risk
Counterparty risk
Currency risk
Country risk
Derivatives risk
Shariah-compliant equity investment risk
Shariah-compliant equity-linked instruments investment risk
Islamic collective investment scheme risk
Reclassification of Shariah status risk
Islamic derivatives risk

*risk category to refer DD/PHS

AmPRS – Dynamic Sukuk AmPRS – Asia Pacific REITs
Equity investment risk
Credit/default risk
Interest rate risk
Profit rate risk
Collective investment scheme risk
Equity-linked instruments investment risk
Counterparty risk
Currency risk
Country risk
Derivatives risk
Shariah-compliant equity investment risk
Shariah-compliant equity-linked instruments investment risk
Islamic collective investment scheme risk
Reclassification of Shariah status risk
Islamic derivatives risk

*risk category to refer DD/PHS

OTHERS

For the Fund Investment Performance information, please refer to PRS Fund Performance.

You may contact the PRS Provider at 03-2032 2888 for the list of distributors.

Tel: 603 – 2032 2888
Fax: 603 – 2026 2821
Email: enquiries@aminvest.com

PRS Advisers

1. AmBank Berhad
2. iFAST Capital Sdn Bhd
3. Kenanga Investment Bank Berhad
4. Philip Mutual Berhad
5. VKA Wealth Planners Sdn Bhd
6. Whitman Independent Advisors Sdn Bhd

PRS Providers & Schemes

PRS Providers
AHAM Capital
AIA
AmInvest
Hong Leong Asset Management Bhd
Kenanga Investors
Manulife Investment Management
Principal Asset Management
Public Mutual
RHB AM
PRS Distributors
List of Schemes & Funds
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