PRINCIPAL ASSET MANAGEMENT BERHAD
(formerly known as CIMB-Principal Asset Management Berhad)
CORPORATE INFORMATION
Principal Asset Management Berhad (formerly known as CIMB-Principal Asset Management Berhad), is a joint venture between Principal Financial Group®, a member of the FORTUNE 500® and a Nasdaq-listed global financial services and CIMB Group Holdings Berhad, one of Southeast Asia’s leading universal banking groups. With innovative ideas and real-life solutions, the company helps make financial progress towards a more secure financial future possible for clients of all income and portfolio sizes.
Principal has the widest range of PRS funds and the only Asia Pacific ex Japan Equity funds in the country. The conventional and Shariah-compliant PRS Plus won Most Innovative and Best Islamic Product respectively from Asia Asset Management for Malaysia.
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
Principal PRS Plus 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 click on links below to go to PRS Provider’s page.
| Principal RetireEasy 2060 (RE60) | ||||||||||||||||
| Investment Objective | The Fund seeks to provide positive total return by investing according to an asset allocation strategy. | |||||||||||||||
| Fund Category | Core – Mixed asset (TDF) | |||||||||||||||
| Target Date | 31 December 2060. The Fund will mature on the Target Date, and all Members in the Fund will be switched automatically into the Principal RetireEasy Income (“REI”). | |||||||||||||||
| Investment Strategy | The Fund seeks to provide sustainable positive total return and to grow the total investment over the long term with retirement as the ultimate goal.
The Sub-Manager will construct a glide path that will guide the asset allocation of the Fund over the Fund’s tenure until its Target Date. In constructing the glide path, the Sub-Manager will take into consideration various factors such as the human elements (e.g., Malaysian retirement landscape, life expectancy, average retirement age etc.) and market data (e.g., long term capital market assumption, market liquidity, inflation rate, interest rate etc.). The Fund’s asset allocation will be guided by the glide path and it will shift dynamically and progressively from a more aggressive mix to a more conservative mix as the Fund approaches its Target Date. This gradual shift over time aims to produces an ideal asset allocation that rebalances throughout the tenure of the TDF that corresponds with investors’ risk tolerance as they grow nearer to the Retirement Age, where investor will always be investing in an age-appropriate asset mix as they grow nearer to Retirement Age. Currently, the Sub-Manager will seek exposure to the various asset classes by investing in CIS (including ETF and REITs) to achieve greater market exposure, diversification and for cost efficiency purposes. At any point in time in the future, the Manager may invest directly into the various asset classes as the Manager deem appropriate and at the Manager’s discretion. When deemed necessary, the Fund may also utilize derivative instruments such as futures contracts and currency forwards for hedging purposes, subject to the prevailing GPRS. As part of the seamless Principal PRS end-to-end retirement solution, when the Fund matures on its Target Date, all Members of the Fund will be switched automatically into the Principal RetireEasy Income to begin the decumulation journey. You will be informed accordingly after the automatic switching is completed. |
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| Asset Allocation | Up to 100% of the Fund’s NAV may be invested in CIS (including ETF and REITs), equities, debt securities, money market instruments and/or Deposits. Notwithstanding,
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| Performance Benchmark | The benchmark is for performance comparison purpose only and the risk profile of the Fund is not the same as the risk profile of the benchmark. The benchmark was set based on current market environment and asset allocation mix. Currently, the benchmark for RE60 is:
As this is a long-term fund, the return expectation may change accordingly should there be changes in the market environment and asset allocation mix at that point of time. Any changes to the benchmark will be reflected in the PHS, which is available on Principal Malaysia website at www.principal.com.my. |
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| Member Profile | This Fund is suitable for Members who:
Under the Do-It-For-Me (Default Option), this Fund is selected for Member who are born in year 1996 – 2005. |
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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 click on links below to go to PRS Provider’s page.
| Principal RetireEasy 2050 (RE50) | ||||||||||||||||
| Investment Objective | The Fund seeks to provide positive total return by investing according to an asset allocation strategy. | |||||||||||||||
| Fund Category | Core – Mixed asset (TDF) | |||||||||||||||
| Target Date | 31 December 2050. The Fund will mature on the Target Date, and all Members in the Fund will be switched automatically into the Principal RetireEasy Income (“REI”). | |||||||||||||||
| Investment Strategy | The Fund seeks to provide sustainable positive total return and to grow the total investment over the long term with retirement as the ultimate goal.
The Sub-Manager will construct a glide path that will guide the asset allocation of the Fund over the Fund’s tenure until its Target Date. In constructing the glide path, the Sub-Manager will take into consideration various factors such as the human elements (e.g., Malaysian retirement landscape, life expectancy, average retirement age etc.) and market data (e.g., long term capital market assumption, market liquidity, inflation rate, interest rate etc.). The Fund’s asset allocation will be guided by the glide path and it will shift dynamically and progressively from a more aggressive mix to a more conservative mix as the Fund approaches its Target Date. This gradual shift over time aims to produces an ideal asset allocation that rebalances throughout the tenure of the TDF that corresponds with investors’ risk tolerance as they grow nearer to the Retirement Age, where investor will always be investing in an age-appropriate asset mix as they grow nearer to Retirement Age. Currently, the Sub-Manager will seek exposure to the various asset classes by investing in CIS (including ETF and REITs) to achieve greater market exposure, diversification and for cost efficiency purposes. At any point in time in the future, the Manager may invest directly into the various asset classes as the Manager deem appropriate and at the Manager’s discretion. When deemed necessary, the Fund may also utilize derivative instruments such as futures contracts and currency forwards for hedging purposes, subject to the prevailing GPRS. As part of the seamless Principal PRS end-to-end retirement solution, when the Fund matures on its Target Date, all Members of the Fund will be switched automatically into the Principal RetireEasy Income to begin the decumulation journey. You will be informed accordingly after the automatic switching is completed. |
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| Asset Allocation | Up to 100% of the Fund’s NAV may be invested in CIS (including ETF and REITs), equities, debt securities, money market instruments and/or Deposits. Notwithstanding,
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| Performance Benchmark | The benchmark is for performance comparison purpose only and the risk profile of the Fund is not the same as the risk profile of the benchmark. The benchmark was set based on current market environment and asset allocation mix. Currently, the benchmark for RE50 is:
As this is a long-term fund, the return expectation may change accordingly should there be changes in the market environment and asset allocation mix at that point of time. Any changes to the benchmark will be reflected in the PHS, which is available on Principal Malaysia website at www.principal.com.my. |
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| Member Profile | This Fund is suitable for Members who:
Under the Do-It-For-Me (Default Option), this Fund is selected for Member who are born in year 1986 – 1995. |
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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 click on links below to go to PRS Provider’s page.
| Principal RetireEasy 2040 (RE40) | ||||||||||||||||
| Investment Objective | The Fund seeks to provide positive total return by investing according to an asset allocation strategy. | |||||||||||||||
| Fund Category | Core – Mixed asset (TDF) | |||||||||||||||
| Target Date | 31 December 2040. The Fund will mature on the Target Date, and all Members in the Fund will be switched automatically into the Principal RetireEasy Income (“REI”). | |||||||||||||||
| Investment Strategy | The Fund seeks to provide sustainable positive total return and to grow the total investment over the long term with retirement as the ultimate goal.
The Sub-Manager will construct a glide path that will guide the asset allocation of the Fund over the Fund’s tenure until its Target Date. In constructing the glide path, the Sub-Manager will take into consideration various factors such as the human elements (e.g., Malaysian retirement landscape, life expectancy, average retirement age etc.) and market data (e.g., long term capital market assumption, market liquidity, inflation rate, interest rate etc.). The Fund’s asset allocation will be guided by the glide path and it will shift dynamically and progressively from a more aggressive mix to a more conservative mix as the Fund approaches its Target Date. This gradual shift over time aims to produces an ideal asset allocation that rebalances throughout the tenure of the TDF that corresponds with investors’ risk tolerance as they grow nearer to the Retirement Age, where investor will always be investing in an age-appropriate asset mix as they grow nearer to Retirement Age. Currently, the Sub-Manager will seek exposure to the various asset classes by investing in CIS (including ETF and REITs) to achieve greater market exposure, diversification and for cost efficiency purposes. At any point in time in the future, the Manager may invest directly into the various asset classes as the Manager deem appropriate and at the Manager’s discretion. When deemed necessary, the Fund may also utilize derivative instruments such as futures contracts and currency forwards for hedging purposes, subject to the prevailing GPRS. As part of the seamless Principal PRS end-to-end retirement solution, when the Fund matures on its Target Date, all Members of the Fund will be switched automatically into the Principal RetireEasy Income to begin the decumulation journey. You will be informed accordingly after the automatic switching is completed. |
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| Asset Allocation | Up to 100% of the Fund’s NAV may be invested in CIS (including ETF and REITs), equities, debt securities, money market instruments and/or Deposits. Notwithstanding,
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| Performance Benchmark | The benchmark is for performance comparison purpose only and the risk profile of the Fund is not the same as the risk profile of the benchmark. The benchmark was set based on current market environment and asset allocation mix. Currently, the benchmark for RE40 is:
As this is a long-term fund, the return expectation may change accordingly should there be changes in the market environment and asset allocation mix at that point of time. Any changes to the benchmark will be reflected in the PHS, which is available on Principal Malaysia website at www.principal.com.my. |
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| Member Profile | This Fund is suitable for Members who:
Under the Do-It-For-Me (Default Option), this Fund is selected for Member who are born in year 1976 – 1985. |
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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 click on links below to go to PRS Provider’s page.
| Principal RetireEasy 2030 (RE30) | ||||||||||||||||
| Investment Objective | The Fund seeks to provide positive total return by investing according to an asset allocation strategy. | |||||||||||||||
| Fund Category | Core – Mixed asset (TDF) | |||||||||||||||
| Target Date | 31 December 2030. The Fund will mature on the Target Date, and all Members in the Fund will be switched automatically into the Principal RetireEasy Income (“REI”). | |||||||||||||||
| Investment Strategy | The Fund seeks to provide sustainable positive total return and to grow the total investment over the long term with retirement as the ultimate goal.
The Sub-Manager will construct a glide path that will guide the asset allocation of the Fund over the Fund’s tenure until its Target Date. In constructing the glide path, the Sub-Manager will take into consideration various factors such as the human elements (e.g., Malaysian retirement landscape, life expectancy, average retirement age etc.) and market data (e.g., long term capital market assumption, market liquidity, inflation rate, interest rate etc.). The Fund’s asset allocation will be guided by the glide path and it will shift dynamically and progressively from a more aggressive mix to a more conservative mix as the Fund approaches its Target Date. This gradual shift over time aims to produces an ideal asset allocation that rebalances throughout the tenure of the TDF that corresponds with investors’ risk tolerance as they grow nearer to the Retirement Age, where investor will always be investing in an age-appropriate asset mix as they grow nearer to Retirement Age. Currently, the Sub-Manager will seek exposure to the various asset classes by investing in CIS (including ETF and REITs) to achieve greater market exposure, diversification and for cost efficiency purposes. At any point in time in the future, the Manager may invest directly into the various asset classes as the Manager deem appropriate and at the Manager’s discretion. When deemed necessary, the Fund may also utilize derivative instruments such as futures contracts and currency forwards for hedging purposes, subject to the prevailing GPRS. As part of the seamless Principal PRS end-to-end retirement solution, when the Fund matures on its Target Date, all Members of the Fund will be switched automatically into the Principal RetireEasy Income to begin the decumulation journey. You will be informed accordingly after the automatic switching is completed. |
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| Asset Allocation | Up to 100% of the Fund’s NAV may be invested in CIS (including ETF and REITs), equities, debt securities, money market instruments and/or Deposits. Notwithstanding,
|
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| Performance Benchmark | The benchmark is for performance comparison purpose only and the risk profile of the Fund is not the same as the risk profile of the benchmark. The benchmark was set based on current market environment and asset allocation mix. Currently, the benchmark for RE30 is:
As this is a long-term fund, the return expectation may change accordingly should there be changes in the market environment and asset allocation mix at that point of time. Any changes to the benchmark will be reflected in the PHS, which is available on Principal Malaysia website at www.principal.com.my. |
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| Member Profile | This Fund is suitable for Members who:
Under the Do-It-For-Me (Default Option), this Fund is selected for Member who are born in year 1968 – 1975 |
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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 click on links below to go to PRS Provider’s page.
| Investment Objective | The Fund seeks to provide sustainable total return and to grow the total investment over the long term.
Note: The PRS Provider will require Member approval if there is any material change to the Fund’s objective. |
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| Fund Category | Core – Mixed asset | |
| Investment Strategy | The Fund aims to achieve its objective by investing primarily in a diversified portfolio of income generating assets. The Fund will seek exposure from various asset classes which includes but not limited to equities, debt securities, money market instruments and/or Deposits, which can be accessed directly through the market or indirectly via collective investment scheme (CIS) (including ETF and REITs). | |
| Asset Allocation | Up to 100% of the Fund’s NAV may be invested in CIS (including ETF and REITs), equities, debt securities, money market instruments and/or Deposits. Notwithstanding,
|
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| Performance Benchmark | The performance of this Fund cannot be compared directly with any specific publicly available benchmark. However, the Fund has a target return of 4.0% – 5.0% per annum over rolling 5-year.
Please note that the Fund’s benchmark is for performance comparison purpose only and the risk profile of the Fund is not the same as the risk profile of the benchmark. The target return above were set based on current market environment and asset allocation mix. As the Fund is a long-term fund, the return expectation may change accordingly should there be changes in the market environment and asset allocation mix at that point of time. Any changes to the benchmark will be reflected in the Product Highlights Sheet (PHS). |
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| Member Profile | This Fund is suitable for Members who:
Under the Do-It-For-Me (Default Option), this Fund is selected for Member who are born on or before year 1967. |
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Principal Islamic PRS Plus 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 click on links below to go to PRS Provider’s page.
| Principal Islamic RetireEasy 2060 (iRE60) | ||||||||||||||
| Investment Objective | The Fund seeks to provide positive total return by investing according to an asset allocation strategy. | |||||||||||||
| Fund Category | Core – Mixed asset (Islamic TDF) | |||||||||||||
| Target Date | 31 December 2060. The Fund will mature on the Target Date, and all Members in the Fund will be switched automatically into the Principal Islamic RetireEasy Income (iREI). | |||||||||||||
| Investment Strategy | The Fund seeks to provide sustainable positive total return and to grow the total investment over the long term with retirement as the ultimate goal.
The Sub-Manager will construct a glide path that will guide the asset allocation of the Fund over the Fund’s tenure until its Target Date. In constructing the glide path, the Sub-Manager will take into consideration various factors such as the human elements (e.g., Malaysian retirement landscape, life expectancy, average retirement age etc.) and market data (e.g., long term capital market assumption, market liquidity, inflation rate, interest rate etc.). The Fund’s asset allocation will be guided by the glide path and it will shift dynamically and progressively from a more aggressive mix to a more conservative mix as the Fund approaches its Target Date. This gradual shift over time aims to produces an ideal asset allocation that rebalances throughout the tenure of the TDF that corresponds with investors’ risk tolerance as they grow nearer to the Retirement Age, where investor will always be investing in an age-appropriate asset mix as they grow nearer to Retirement Age. Currently, the Sub-Manager will seek exposure to the various asset classes by investing in Islamic CIS (including Islamic ETF and Islamic REITs) to achieve greater market exposure, diversification and for cost efficiency purposes. At any point in time in the future, the Manager may invest directly into the various asset classes as the Manager deem appropriate and at the Manager’s discretion. When deemed necessary, the Fund may also utilize Islamic derivative instruments such as Islamic futures contracts and Islamic currency forwards for hedging purposes, subject to the prevailing GPRS. As part of the seamless Principal PRS end-to-end retirement solution, when the Fund matures on its Target Date, all Members of the Fund will be switched automatically into the Principal Islamic RetireEasy Income to begin the decumulation journey. You will be informed accordingly after the automatic switching is completed. |
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| Asset Allocation | Up to 100% of the Fund’s NAV may be invested in Islamic CIS (including Islamic ETF and Islamic REITs), Shariah-compliant equities, Sukuk, Islamic money market instruments and/or Islamic Deposits. Notwithstanding,
|
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| Performance Benchmark | The benchmark is for performance comparison purpose only and the risk profile of the Fund is not the same as the risk profile of the benchmark. The benchmark was set based on current market environment and asset allocation mix. Currently, the benchmark for iRE60 is:
As this is a long-term fund, the return expectation may change accordingly should there be changes in the market environment and asset allocation mix at that point of time. Any changes to the benchmark will be reflected in the PHS, which is available on Principal Malaysia website at www.principal.com.my. |
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| Member Profile | This Fund is suitable for Members who:
Under the Do-It-For-Me (Default Option), this Fund is selected for Member who are born in year 1996 – 2005. |
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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 click on links below to go to PRS Provider’s page.
| Principal Islamic RetireEasy 2050 (iRE50) | ||||||||||||||
| Investment Objective | The Fund seeks to provide positive total return by investing according to an asset allocation strategy. | |||||||||||||
| Fund Category | Core – Mixed asset (Islamic TDF) | |||||||||||||
| Target Date | 31 December 2050. The Fund will mature on the Target Date, and all Members in the Fund will be switched automatically into the Principal Islamic RetireEasy Income (iREI). | |||||||||||||
| Investment Strategy | The Fund seeks to provide sustainable positive total return and to grow the total investment over the long term with retirement as the ultimate goal.
The Sub-Manager will construct a glide path that will guide the asset allocation of the Fund over the Fund’s tenure until its Target Date. In constructing the glide path, the Sub-Manager will take into consideration various factors such as the human elements (e.g., Malaysian retirement landscape, life expectancy, average retirement age etc.) and market data (e.g., long term capital market assumption, market liquidity, inflation rate, interest rate etc.). The Fund’s asset allocation will be guided by the glide path and it will shift dynamically and progressively from a more aggressive mix to a more conservative mix as the Fund approaches its Target Date. This gradual shift over time aims to produces an ideal asset allocation that rebalances throughout the tenure of the TDF that corresponds with investors’ risk tolerance as they grow nearer to the Retirement Age, where investor will always be investing in an age-appropriate asset mix as they grow nearer to Retirement Age. Currently, the Sub-Manager will seek exposure to the various asset classes by investing in Islamic CIS (including Islamic ETF and Islamic REITs) to achieve greater market exposure, diversification and for cost efficiency purposes. At any point in time in the future, the Manager may invest directly into the various asset classes as the Manager deem appropriate and at the Manager’s discretion. When deemed necessary, the Fund may also utilize Islamic derivative instruments such as Islamic futures contracts and Islamic currency forwards for hedging purposes, subject to the prevailing GPRS. As part of the seamless Principal PRS end-to-end retirement solution, when the Fund matures on its Target Date, all Members of the Fund will be switched automatically into the Principal Islamic RetireEasy Income to begin the decumulation journey. You will be informed accordingly after the automatic switching is completed. |
|||||||||||||
| Asset Allocation | Up to 100% of the Fund’s NAV may be invested in Islamic CIS (including Islamic ETF and Islamic REITs), Shariah-compliant equities, Sukuk, Islamic money market instruments and/or Islamic Deposits. Notwithstanding,
|
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| Performance Benchmark | The benchmark is for performance comparison purpose only and the risk profile of the Fund is not the same as the risk profile of the benchmark. The benchmark was set based on current market environment and asset allocation mix. Currently, the benchmark for iRE50 is:
As this is a long-term fund, the return expectation may change accordingly should there be changes in the market environment and asset allocation mix at that point of time. Any changes to the benchmark will be reflected in the PHS, which is available on Principal Malaysia website at www.principal.com.my. |
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| Member Profile | This Fund is suitable for Members who:
Under the Do-It-For-Me (Default Option), this Fund is selected for Member who are born in year 1986 – 1995. |
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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 click on links below to go to PRS Provider’s page.
| Principal Islamic RetireEasy 2040 (iRE40) | ||||||||||||||
| Investment Objective | The Fund seeks to provide positive total return by investing according to an asset allocation strategy. | |||||||||||||
| Fund Category | Core – Mixed asset (Islamic TDF) | |||||||||||||
| Target Date | 31 December 2040. The Fund will mature on the Target Date, and all Members in the Fund will be switched automatically into the Principal Islamic RetireEasy Income (iREI). | |||||||||||||
| Investment Strategy | The Fund seeks to provide sustainable positive total return and to grow the total investment over the long term with retirement as the ultimate goal.
The Sub-Manager will construct a glide path that will guide the asset allocation of the Fund over the Fund’s tenure until its Target Date. In constructing the glide path, the Sub-Manager will take into consideration various factors such as the human elements (e.g., Malaysian retirement landscape, life expectancy, average retirement age etc.) and market data (e.g., long term capital market assumption, market liquidity, inflation rate, interest rate etc.). The Fund’s asset allocation will be guided by the glide path and it will shift dynamically and progressively from a more aggressive mix to a more conservative mix as the Fund approaches its Target Date. This gradual shift over time aims to produces an ideal asset allocation that rebalances throughout the tenure of the TDF that corresponds with investors’ risk tolerance as they grow nearer to the Retirement Age, where investor will always be investing in an age-appropriate asset mix as they grow nearer to Retirement Age. Currently, the Sub-Manager will seek exposure to the various asset classes by investing in Islamic CIS (including Islamic ETF and Islamic REITs) to achieve greater market exposure, diversification and for cost efficiency purposes. At any point in time in the future, the Manager may invest directly into the various asset classes as the Manager deem appropriate and at the Manager’s discretion. When deemed necessary, the Fund may also utilize Islamic derivative instruments such as Islamic futures contracts and Islamic currency forwards for hedging purposes, subject to the prevailing GPRS. As part of the seamless Principal PRS end-to-end retirement solution, when the Fund matures on its Target Date, all Members of the Fund will be switched automatically into the Principal Islamic RetireEasy Income to begin the decumulation journey. You will be informed accordingly after the automatic switching is completed. |
|||||||||||||
| Asset Allocation | Up to 100% of the Fund’s NAV may be invested in Islamic CIS (including Islamic ETF and Islamic REITs), Shariah-compliant equities, Sukuk, Islamic money market instruments and/or Islamic Deposits. Notwithstanding,
|
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| Performance Benchmark | The benchmark is for performance comparison purpose only and the risk profile of the Fund is not the same as the risk profile of the benchmark. The benchmark was set based on current market environment and asset allocation mix. Currently, the benchmark for iRE40 is:
As this is a long-term fund, the return expectation may change accordingly should there be changes in the market environment and asset allocation mix at that point of time. Any changes to the benchmark will be reflected in the PHS, which is available on Principal Malaysia website at www.principal.com.my. |
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| Member Profile | This Fund is suitable for Members who:
Under the Do-It-For-Me (Default Option), this Fund is selected for Member who are born in year 1976 – 1985. |
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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 click on links below to go to PRS Provider’s page.
| Principal Islamic RetireEasy 2030 (iRE30) | ||||||||||||||
| Investment Objective | The Fund seeks to provide positive total return by investing according to an asset allocation strategy. | |||||||||||||
| Fund Category | Core – Mixed asset (Islamic TDF) | |||||||||||||
| Target Date | 31 December 2030. The Fund will mature on the Target Date, and all Members in the Fund will be switched automatically into the Principal Islamic RetireEasy Income (iREI). | |||||||||||||
| Investment Strategy | The Fund seeks to provide sustainable positive total return and to grow the total investment over the long term with retirement as the ultimate goal.
The Sub-Manager will construct a glide path that will guide the asset allocation of the Fund over the Fund’s tenure until its Target Date. In constructing the glide path, the Sub-Manager will take into consideration various factors such as the human elements (e.g., Malaysian retirement landscape, life expectancy, average retirement age etc.) and market data (e.g., long term capital market assumption, market liquidity, inflation rate, interest rate etc.). The Fund’s asset allocation will be guided by the glide path and it will shift dynamically and progressively from a more aggressive mix to a more conservative mix as the Fund approaches its Target Date. This gradual shift over time aims to produces an ideal asset allocation that rebalances throughout the tenure of the TDF that corresponds with investors’ risk tolerance as they grow nearer to the Retirement Age, where investor will always be investing in an age-appropriate asset mix as they grow nearer to Retirement Age. Currently, the Sub-Manager will seek exposure to the various asset classes by investing in Islamic CIS (including Islamic ETF and Islamic REITs) to achieve greater market exposure, diversification and for cost efficiency purposes. At any point in time in the future, the Manager may invest directly into the various asset classes as the Manager deem appropriate and at the Manager’s discretion. When deemed necessary, the Fund may also utilize Islamic derivative instruments such as Islamic futures contracts and Islamic currency forwards for hedging purposes, subject to the prevailing GPRS. As part of the seamless Principal PRS end-to-end retirement solution, when the Fund matures on its Target Date, all Members of the Fund will be switched automatically into the Principal Islamic RetireEasy Income to begin the decumulation journey. You will be informed accordingly after the automatic switching is completed. |
|||||||||||||
| Asset Allocation | Up to 100% of the Fund’s NAV may be invested in Islamic CIS (including Islamic ETF and Islamic REITs), Shariah-compliant equities, Sukuk, Islamic money market instruments and/or Islamic Deposits. Notwithstanding,
|
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| Performance Benchmark | The benchmark is for performance comparison purpose only and the risk profile of the Fund is not the same as the risk profile of the benchmark. The benchmark was set based on current market environment and asset allocation mix. Currently, the benchmark for iRE30 is:
As this is a long-term fund, the return expectation may change accordingly should there be changes in the market environment and asset allocation mix at that point of time. Any changes to the benchmark will be reflected in the PHS, which is available on Principal Malaysia website at www.principal.com.my. |
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| Member Profile | This Fund is suitable for Members who:
Under the Do-It-For-Me (Default Option), this Fund is selected for Member who are born in year 1968 – 1975. |
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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 click on links below to go to PRS Provider’s page.
| Investment Objective | The Fund seeks to provide sustainable total return and to grow the total investment over the long term.
Note:The PRS Provider will require Member approval if there is any material change to the Fund’s objective. |
|
| Fund Category | Core – Mixed Asset (Shariah-compliant) | |
| Investment Strategy | The Fund aims to achieve its objective by investing primarily in a diversified portfolio of Shariah-compliant income generating assets. The Fund will seek exposure from various asset classes which includes but not limited to Shariah-compliant equities, Sukuk, Islamic money market instruments and/or Islamic Deposits, which can be accessed directly through the market or indirectly via collective investment scheme (CIS) (including Islamic ETF and Islamic REITs). | |
| Asset Allocation | Up to 100% of the Fund’s NAV may be invested in Islamic CIS (including Islamic ETF and Islamic REITs), Shariah-compliant equities, Sukuk, Islamic money market instruments and/or Islamic Deposits. Notwithstanding,
|
|
| Performance Benchmark | The performance of this Fund cannot be compared directly with any specific publicly available benchmark. However, the Fund has a target return of 3.5% – 4.5% per annum over rolling 5-year.
Please note that the Fund’s benchmark is for performance comparison purpose only and the risk profile of the Fund is not the same as the risk profile of the benchmark. The target return above were set based on current market environment and asset allocation mix. As the Fund is a long-term fund, the return expectation may change accordingly should there be changes in the market environment and asset allocation mix at that point of time. Any changes to the benchmark will be reflected in the Product Highlights Sheet (PHS). |
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| Member Profile | This Fund is suitable for Members who:
Under the Do-It-For-Me (Default Option), this Fund is selected for Member who are born on or before year 1967. |
|
Other Self Selection
Principal PRS Plus 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 click on links below to go to PRS Provider’s page.
| Investment Objective | The Fund seeks to provide capital growth over the long-term by investing in a portfolio of primarily equities with some exposure in fixed income instruments. | |
| Fund Category | Mixed asset | |
| Investment Strategy | The Fund will invest in a portfolio of mixed assets, primarily in equities with some exposure in fixed income instruments, to provide capital growth to the Fund. The fixed income portion will provide capital stability to the Fund whilst the equity portion will provide the added return in a rising market. The Fund may opt to invest in fixed income instruments and equities either directly or via CIS.
The investments by the Fund in equities which include foreign exposure may be up to 90% of the Fund’s NAV and investments in local and/or foreign fixed income instruments will be at least 10% of its NAV with a minimum credit rating of “BBB3” or “P2” by RAM or equivalent rating by MARC or “BBB” or “A-2” by S&P or equivalent rating by any other international rating agencies. Notwithstanding, the Fund may also invest up to 10% of its NAV in unrated fixed income instruments. |
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| Performance Benchmark | 70% FTSE Bursa Malaysia Top 100 + 30% Quant shop MGS Short Index
Note: The Fund’s benchmark is for performance comparison purpose only. The risk profile of the Fund is not the same as the risk profile of the benchmark. |
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| Member Profile | This Fund is suitable for Members who:
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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 click on links below to go to PRS Provider’s page.
| Investment Objective | The Fund seeks to provide a moderate level of capital growth over the long-term by investing in a diversified portfolio of equity and fixed income instruments. | |
| Fund Category | Balanced | |
| Investment Strategy | The Fund will invest in a mix of equities and fixed income instruments to provide a moderate level of capital growth to the Fund. The fixed income portion will provide capital stability to the Fund whilst the equity portion will provide the added return in a rising market. The Fund may opt to invest in fixed income instruments and equities either directly or via CIS.
The investments by the Fund in equities which include foreign exposure shall not exceed 60% of the Fund’s NAV and investments in local and/or foreign fixed income instruments shall not be less than 40% of its NAV with a minimum credit rating of “BBB3” or “P2” by RAM or equivalent rating by MARC or “BBB” or “A-2” by S&P or equivalent rating by any other international rating agencies. Notwithstanding, the Fund may also invest up to 5% of its NAV in unrated fixed income instruments. |
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| Performance Benchmark | 60% FTSE Bursa Malaysia Top 100 + 40% Quant shop MGS Short Index
Note: The Fund’s benchmark is for performance comparison purpose only. The risk profile of the Fund is not the same as the risk profile of the benchmark. |
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| Member Profile | This Fund is suitable for Members who:
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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 click on links below to go to PRS Provider’s page.
| Investment Objective | The Fund seeks to provide members with capital preservation* through investment primarily in fixed income instruments.
*The Fund is neither a capital guaranteed fund nor a capital protected fund. |
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| Fund Category | Fixed income | |
| Investment Strategy | The Fund aims to invest in a diversified portfolio of primarily fixed income instruments with some exposure in equities. The fixed income portion will provide capital stability to the Fund whilst the equity portion will provide the added return in a rising market. The Fund may opt to invest in fixed income instruments, money market instruments and equities either directly or via CIS.
At least 80% of the Fund’s NAV will be invested in local and/or foreign fixed income instruments and money market instruments, of which a minimum 20% of the Fund’s NAV will be invested in money market instruments, all of which have a minimum credit rating of “BBB3” or “P2” by RAM or equivalent rating by MARC or “BBB” or “A- 2” by S&P or equivalent rating by any other international rating agencies. Notwithstanding, the Fund may invest up to 5% of its NAV in unrated fixed income instruments. The investments in equities which include foreign exposure shall not exceed 20% of the Fund’s NAV. |
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| Performance Benchmark | 60% Quant shop MGS Short Index + 20% CIMB Bank 1-Year Fixed Deposit Rate + 20% FTSE Bursa Malaysia Top 100.
Note: The Fund’s benchmark is for performance comparison purpose only. The risk profile of the Fund is not the same as the risk profile of the benchmark. |
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| Member Profile | This Fund is suitable for Members who:
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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 click on links below to go to PRS Provider’s page.
| Investment Objective | The Fund seeks to provide capital growth over the long-term by investing in the domestic market. | |
| Fund Category | Equity | |
| Investment Strategy | The Fund is managed to achieve a defined target return over the long-term through investments in the domestic market. The Fund will invest between 70% to 99.8% (both inclusive) of the Fund’s NAV in equities.
However, the Fund may take temporary defensive positions that may detract from the Fund’s prescribed asset allocation when we believe that the equity market is experiencing excessive volatility, expected prolonged declines or when the outlook of the equity market is unfavourable. Under these circumstances, the Fund may reduce its equity exposure and increase its investment in money market instruments to protect the Fund’s investment objective in bearish or non-performing equity market. |
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| Performance Benchmark | The Fund has a target return of 8% per annum.
This is not a guaranteed return and is only a measurement of the Fund’s performance. The Fund may not achieve the target return in any particular financial year but targets to achieve this growth over the long-term. Note: The Fund’s benchmark is for performance comparison purpose only. The risk profile of the Fund is not the same as the risk profile of the benchmark. |
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| Member Profile | This Fund is suitable for Members who:
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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 click on links below to go to PRS Provider’s page.
| Investment Objective | The Fund seeks to provide capital growth over the long-term by investing in a target fund with investments in the Asia Pacific ex Japan region. | |
| Fund Category | Feeder Fund – Equity | |
| Investment Strategy | The Fund will invest at least 85% of its NAV in the Principal Asia Pacific Dynamic Income Fund (formerly known as CIMB-Principal Asia Pacific Dynamic Income Fund) (“Target Fund”), a Malaysian-domiciled fund established on 25 April 2011, which invests in the Asia Pacific ex Japan region. The Fund may also maintain up to 15% of its NAV in liquid assets.
Information on the Target Fund |
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| Performance Benchmark | The Fund has a target return of 8% per annum.
This is not a guaranteed return and is only a measurement of the Fund’s performance. The Fund may not achieve the target return in any particular financial year but targets to achieve this growth over the long-term. Note: The Fund’s benchmark is for performance comparison purpose only. The risk profile of the Fund is not the same as the risk profile of the benchmark. |
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| Member Profile | This Fund is suitable for Members who:
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Principal Islamic PRS Plus 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 click on links below to go to PRS Provider’s page.
| Investment Objective | The Fund seeks to provide capital growth over the long-term by investing in a portfolio of primarily Shariah-compliant equities with some exposure in Sukuk. | |
| Fund Category | Mixed asset (Shariah-compliant) | |
| Investment Strategy | The Fund will invest in a portfolio of mixed assets, primarily in Shariah-compliant equities with some exposure in Sukuk, to provide capital growth to the Fund. The fixed income portion will provide capital stability to the Fund whilst the equity portion will provide the added return in a rising market. The Fund may opt to invest in Sukuk and Shariah-compliant equities either directly or via Islamic CIS.
The investments by the Fund in Shariah-compliant equities which include foreign exposure may be up to 90% of the Fund’s NAV and investments in local and/or foreign Sukuk will be at least 10% of the Fund’s NAV with a minimum credit rating of “BBB3” or “P2” by RAM or equivalent rating by MARC or “BBB” or “A-2” by S&P or equivalent rating by any other international rating agencies. Notwithstanding, the Fund may also invest up to 10% of its NAV in unrated Sukuk. |
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| Performance Benchmark | 70% FTSE Bursa Malaysia EMAS Shariah Index + 30% Quant shop GII Short Index
Note: The Fund’s benchmark is for performance comparison purpose only. The risk profile of the Fund is not the same as the risk profile of the benchmark. |
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| Member Profile | This Fund is suitable for Members who:
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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 click on links below to go to PRS Provider’s page.
| Investment Objective | The Fund seeks to provide a moderate level of capital growth over the long-term by investing in a diversified portfolio of Shariah-compliant equity and sukuk. | |
| Fund Category | Balanced (Shariah-compliant) | |
| Investment Strategy | The Fund will invest in a mix of Shariah-compliant equities and Sukuk to provide a moderate level of capital growth to the Fund. The fixed income portion will provide capital stability to the Fund whilst the equity portion will provide the added return in a rising market. The Fund may opt to invest in Sukuk and Shariah-compliant equities either directly or via Islamic CIS.
The investments by the Fund in Shariah-compliant equities which include foreign exposure shall not exceed 60% of the Fund’s NAV and investments in local and/or foreign Sukuk shall not be less than 40% of its NAV with a minimum credit rating of “BBB3” or “P2” by RAM or equivalent rating by MARC or “BBB” or “A-2” by S&P or equivalent rating by any other international rating agencies. Notwithstanding, the Fund may also invest up to 5% of its NAV in unrated Sukuk. |
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| Performance Benchmark | 60% FTSE Bursa Malaysia EMAS Shariah Index + 40% Quant shop GII Short Index
The Fund’s benchmark is for performance comparison purpose only. The risk profile of the Fund is not the same as the risk profile of the benchmark. |
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| Member Profile | This Fund is suitable for Members who:
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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 click on links below to go to PRS Provider’s page.
| Investment Objective | The Fund seeks to provide Members with capital preservation* through investment primarily in sukuk.
* The Fund is neither a capital guaranteed fund nor a capital protected fund. |
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| Fund Category | Sukuk | |
| Investment Strategy | The Fund aims to invest in a diversified portfolio of primarily Sukuk with some exposure in Shariah-compliant equities. The fixed income portion will provide capital stability to the Fund whilst the equity portion will provide the added return in a rising market. The Fund may opt to invest in Sukuk, Islamic money market instruments and Shariah-compliant equities either directly or via Islamic CIS.
At least 80% of the Fund’s NAV will be invested in local and/or foreign Sukuk and Islamic money market instruments, of which a minimum 20% of the Fund’s NAV will be invested in Islamic money market instruments, all of which have a minimum credit rating of “BBB3” or “P2” by RAM or equivalent rating by MARC or “BBB” or “A-2” by S&P or equivalent rating by any other international rating agencies. Notwithstanding, the Fund may also invest up to 5% of its NAV in unrated Sukuk. The investments in Shariah-compliant equities which include foreign exposure shall not exceed 20% of the Fund’s NAV. |
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| Asset Allocation |
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| Performance Benchmark | 60% Quant shop GII Short Index + 20% CIMB Islamic 1-Year General Investment Account-i (GIA) + 20% FTSE Bursa Malaysia EMAS Shariah Index
Note: The Fund’s benchmark is for performance comparison purpose only. The risk profile of the Fund is not the same as the risk profile of the benchmark. |
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| Member Profile | This Fund is suitable for Members who:
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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 click on links below to go to PRS Provider’s page.
| Investment Objective | The Fund seeks to provide capital growth over the long-term by investing in a target fund with investments in Malaysian securities that comply with the Shariah principles. | |
| Fund Category | Feeder Fund – Equity (Shariah-compliant) | |
| Investment Strategy | The Fund will invest at least 85% of its NAV in the Principal DALI Equity Growth Fund (formerly known as CIMB Islamic DALI Equity Growth Fund) (“Target Fund”), a Malaysian domiciled fund established on 7 May 1998, which invests in Malaysian Shariah-compliant equities. The Fund may also maintain up to 15% of its NAV in Islamic liquid assets.
Information on the Target Fund |
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| Performance Benchmark | FTSE Bursa Malaysia EMAS Shariah Index.
Note: The Fund’s benchmark is for performance comparison purpose only. The risk profile of the Fund is not the same as the risk profile of the benchmark. |
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| Member Profile | This Fund is suitable for Members who:
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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 click on links below to go to PRS Provider’s page.
| Investment Objective | The Fund seeks to provide capital growth over the long-term by investing in a target fund with investments in the Asia Pacific ex Japan region. | |
| Fund Category | Feeder Fund – Equity | |
| Investment Strategy | The Fund will invest at least 85% of its NAV in the Principal Asia Pacific Dynamic Income Fund (formerly known as CIMB-Principal Asia Pacific Dynamic Income Fund) (“Target Fund”), a Malaysian-domiciled fund established on 25 April 2011, which invests in the Asia Pacific ex Japan region. The Fund may also maintain up to 15% of its NAV in liquid assets.
Information on the Target Fund |
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| Performance Benchmark | The Fund has a target return of 8% per annum.
This is not a guaranteed return and is only a measurement of the Fund’s performance. The Fund may not achieve the target return in any particular financial year but targets to achieve this growth over the long-term. Note: The Fund’s benchmark is for performance comparison purpose only. The risk profile of the Fund is not the same as the risk profile of the benchmark. |
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| Member Profile | This Fund is suitable for Members who:
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CONTRIBUTIONS & WITHDRAWALS
| For all Funds | |||
|---|---|---|---|
| Class A | Class C | Class X | |
| Minimum initial contribution | RM100 | RM100 | N/A |
| Minimum subsequent contribution | RM50 | RM50 | N/A |
| Minimum withdrawal | RM50 or 100 Units | RM50 or 100 Units | RM100 or 200 Units |
FEES & CHARGES
| For all Funds | ||||||
|---|---|---|---|---|---|---|
| Class A | Class C | Class X | ||||
| Sales charge | 3.00% | 0.50% | Nil | |||
| Redemption charge | Nil | Nil | Nil | |||
| Switching fee (between funds in this Scheme) | There is no switching fee charged for switching of Funds under the Scheme or switching between funds of different PRS managed by Principal Malaysia. Switching is not allowed between different classes. | |||||
| Switching Fee (between funds in another PRS managed by Principal Malaysia) | ||||||
| Transfer fee (to another PRS provider) | A Transfer Fee of not more than RM25 may be charged for each transfer to another PRS provider.
Note: All transaction on the transfer between PRS provider are only allowed for Vested Units. |
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| Annual management fee | Principal RetireEasy Income
Principal Islamic RetireEasy Income |
1.20% of the Fund’s NAV | 1.30% of the Fund’s NAV | 1.20% of the Fund’s NAV | ||
| Others | 1.40% of the Fund’s NAV | 1.50% of the Fund’s NAV | 1.40% of the Fund’s NAV | |||
| Annual scheme trustee fee | Principal RetireEasy Income
Principal Islamic RetireEasy Income Principal RetireEasy 2060/ 2050/ 2040/ 2030 Principal Islamic RetireEasy 2060/ 2050/ 2040/ 2030 |
0.04% p.a. of the NAV of the Fund (Includes local custodian fees and charges but excludes foreign custodian fees and charges), subject to minimum fee of RM24,000.00 p.a. | ||||
| Others | 0.04% p.a. of the NAV of the Fund (Includes local custodian fees and charges but excludes foreign custodian fees and charges) | |||||
| Annual PPA administration fee | 0.04% of the Fund’s NAV | |||||
RISKS DISCLOSURE
General Investment Risks
Returns not guaranteed, Legal and regulatory risk, Market risk, Risk associated with default option, Liquidity risk, Inflation risk, Manager risk and Financing risk.
Specific Risks of the Funds
Principal PRS Plus
| Principal RetireEasy 2060 | Principal RetireEasy 2050 | Principal RetireEasy 2040 | Principal RetireEasy 2030 | Principal RetireEasy Income | Principal PRS Plus Conservative | Principal PRS Plus Moderate | Principal PRS Plus Growth | Principal PRS Plus Equity | Principal PRS Plus Asia Pacific Ex Japan Equity | |
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| Country risk | |
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| Risks associated with investment in warrants/options | |
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| Risks associated with investment in CIS | |
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| Risks associated with unconstrained portfolio | |
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| Risks associated with TDF | |
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| Risks associated with investment in the Target Fund | |
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Principal Islamic PRS Plus
| Principal Islamic RetireEasy 2060 | Principal Islamic RetireEasy 2050 | Principal Islamic RetireEasy 2040 | Principal Islamic RetireEasy 2030 | Principal Islamic RetireEasy Income | Principal Islamic PRS Plus Conservative | Principal Islamic PRS Plus Moderate | Principal Islamic PRS Plus Growth | Principal Islamic PRS Plus Equity | Principal Islamic PRS Plus Asia Pacific Ex Japan Equity | |
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| Risks associated with investment in Islamic CIS | |
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| Risk associated with unconstrained portfolio | |
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| Risks associated with investment in the Target Fund | |
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| Shariah non-compliance risk | |
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OTHERS
- Email: myservice@principal.com
- Call (03) 7723 7260 from 8.45am to 5.45pm on Monday to Friday (except on Public Holidays)
You can also contact Principal’s authorized distributors for PRS Plus products. Alternatively you can check with your respective human resources (HR) personnel to find out whether your employer participates in the Principal Corporate PRS.
Visit us at https://www.principal.com.my/prs