RHB ASSET MANAGEMENT SDN. BHD.
CORPORATE INFORMATION
RHB Asset Management Sdn Bhd is a wholly-owned subsidiary of RHB Investment Bank Berhad. RHB Group Asset Management enjoys a significant presence in the ASEAN and Greater China region, with offices in Malaysia, Hong Kong, Indonesia, and Singapore where we offer customers close to 30 years’ worth of expertise and knowledge in asset management. In Malaysia, RHB Group Asset Management remains as one of the top 3 fund management companies in terms of total assets under management, offering conventional and Islamic products. In Indonesia, our ranking continued to improve and we closed 2015 at number 14 in terms of market share, out of the 85 players there.
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
Scheme Trustee: CIMB Commerce Trustee Berhad
| Investment Objective | The Fund seeks to provide capital preservation* for the members’ investment. * Members are advised that their capital is neither guaranteed nor protected. |
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| Fund Category | Core (Conservative). | |
| Investment Strategy | To achieve its investment objective, the Fund will invest up to 100% of its NAV in fixed income instruments issued by Malaysian and foreign companies or Malaysian or foreign government. The Fund may also invest in equities listed in Malaysia and foreign markets and up to 50% of its NAV in equities with high dividend yield. Remaining of its NAV will be invested in liquid assets.
The Fund may invest in foreign equities with high dividend yield listed in the Asia Pacific ex-Japan markets (including, but not limited to, Malaysia, Australia, China, Hong Kong, India, Indonesia, New Zealand, South Korea, the Philippines, Singapore, Taiwan and Thailand) including equities with high dividend yield of Asia Pacific ex-Japan companies that are listed on or traded in non-Asia ex-Japan markets. There will be no restriction on country allocation. The objective is to invest into equities that have strong cash flow and strong balance sheet to support a sustainable dividend income, in order to reduce the volatility of the Fund. The Fund may also opt to invest in the equities with high dividend yield either directly or via collective investment schemes of RHBAM or other collective investment schemes (including real estate investment trusts and exchange traded funds). ^^ “Domestic Rating Agencies” refer to local credit assessment institutions that are recognised by the SecuritiesCommission Malaysia. The Fund will also invest in liquid assets including money market instruments, deposits with financial institutions and collective investment schemes investing in money market instruments and/or deposits with financial institutions. |
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| Asset Allocation | Fixed income instruments | Up to 100% of the NAV. |
| Equities with high dividend yield | Up to 50% of the NAV. | |
| Liquid assets | Remaining of the NAV. | |
| Performance Benchmark | Weighted average of FTSE Bursa Malaysia KLCI Index (30%) and RHB Bank Berhad’s 12 months fixed deposit rate (70%).
The risk profile of the Fund is not the same as the risk profile of the performance benchmark. |
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| Member Profile | Suitable for members with a low risk profile.
Members aged 55 years and above will be allocated to this Fund under the default option. |
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| Investment Objective | The Fund seeks to provide returns through a balanced mix of income* and growth. * Income will be automatically reinvested into the Fund. |
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| Fund Category | Core (Moderate) | |
| Investment Strategy | To achieve its investment objective, the Fund will invest up to 100% of its NAV in equities listed in Malaysia and foreign markets with majority of the investment will be focus on high dividend yielding equities and up to 60% of its NAV in fixed income instruments and/or liquid assets.
The Fund may invest in foreign equities listed in the Asia Pacific ex-Japan markets (including, but not limited to, Malaysia, Australia, China, Hong Kong, India, Indonesia, New Zealand, South Korea, Philippines, Singapore, Taiwan and Thailand) including equities of Asia Pacific ex-Japan companies that are listed on or traded in non-Asia ex-Japan markets. There will be no restriction on country allocation. The Fund may also opt to invest in the equities either directly or via collective investment schemes of RHBAM or other collective investment schemes (including real estate investment trusts and exchange traded funds). For the fixed income portion, the Fund may invest in fixed income instruments provided that at the point of purchasing the instruments, the issuers or financial institutions carry a minimum rating of ‘A3’ as rated by any reputable Domestic Rating Agencies^^ or a minimum rating of ‘BBB-’ as rated by any reputable Global Rating Agencies^^^, without restriction on the tenure of these fixed income instruments. ^^ “Domestic Rating Agencies” refer to local credit assessment institutions that are recognised by the Securities Commission Malaysia. The Fund will also invest in liquid assets including money market instruments, deposits with financial institutions and collective investment schemes investing in money market instruments and/or deposits with financial institutions. |
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| Asset Allocation | Equities | Up to 100% of the NAV (with majority of the investment will be focus on high dividend yielding equities). |
| Fixed income instruments and/or liquid assets | Fixed income instruments and/or liquid assets Up to 60% of the NAV. | |
| Cash or cash equivalent | Up to 5% of the Fund’s NAV | |
| Performance Benchmark | Weighted average of FTSE Bursa Malaysia Emas Index (30%), MSCI AC Asia Pacific ex-Japan Index (20%) and RHB Bank Berhad’s 12 months fixed deposit rate (50%).
The risk profile of the Fund is not the same as the risk profile of the performance benchmark. |
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| Member Profile | Suitable for members with a medium risk profile.
Members aged 45 years and above but have not yet reached 55 years will be allocated to this Fund under the default option. |
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| Investment Objective | The Fund seeks to provide capital growth. | |
| Fund Category | Core (Growth) | |
| Investment Strategy | To achieve its investment objective, the Fund will invest up to 100% of its NAV in equities listed in Malaysia and foreign markets and up to 50% of its NAV in fixed income instruments and/or liquid assets.
The Fund may invest in foreign equities listed in the Asia Pacific ex-Japan markets (including, but not limited to, Malaysia, Australia, China, Hong Kong, India, Indonesia, New Zealand, South Korea, the Philippines, Singapore, Taiwan and Thailand) including equities of Asia Pacific ex-Japan companies that are listed on or traded in non-Asia ex-Japan markets. There will be no restriction on country allocation. The Fund may also opt to invest in the equities either directly or via collective investment schemes of RHBAM or other collective investment schemes (including real estate investment trusts and exchange traded funds). For the fixed income portion, the Fund may invest in fixed income instruments provided that at the point of purchasing the instruments, the issuers or financial institutions carry a minimum rating of ‘A3’ as rated by any reputable Domestic Rating Agencies^^ or a minimum rating of ‘BBB-’ as rated by any reputable Global Rating Agencies^^^, without restriction on the tenure of these fixed income instruments. ^^ “Domestic Rating Agencies” refer to local credit assessment institutions that are recognised by the Securities Commission Malaysia. The Fund will also invest in liquid assets including money market instruments, deposits with financial institutions and collective investment schemes investing in money market instruments and/or deposits with financial institutions. |
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| Asset Allocation | Equities | Equities Up to 100% of the NAV. |
| Fixed income instruments and/or liquid assets | Up to 50% of the NAV. | |
| Performance Benchmark | Weighted average of FTSE Bursa Malaysia Emas Index (70%) and MSCI AC Asia Pacific ex-Japan Index (30%).
The risk profile of the Fund is not the same as the risk profile of the performance benchmark. |
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| Member Profile | Suitable for members with a high risk profile.
Members below 45 years will be allocated to this Fund under the default option. |
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Other Self Selection
| Investment Objective | The Fund aims to provide above average capital growth* over a medium to long term^ period by investing in one target fund.
Note: * “above average capital growth” here refers to capital growth that outperforms the benchmark of the Fund over a medium to long term period. |
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| Fund Category | Non – Core (Feeder fund – equity (Shariah-compliant)). | |
| Investment Strategy | The Fund will invest principally in the target fund, i.e. the RHB Dana Islam (“Dana Islam”) which is managed by RHBAM.
Both RHBAM and Dana Islam are regulated by the Securities Commission Malaysia under the Capital Markets and Services Act 2007. Although the Fund is passively managed, the investments of the Fund will be rebalanced from time to time to meet sales and redemption transactions and to enable the proper and efficient management of the Fund. |
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| Asset Allocation | Investments in units of Dana Islam | At least 95% of the NAV |
| Investments in liquid assets including Islamic money market instruments and placements of cash |
1% to 5% of the NAV. | |
| Performance Benchmark | FTSE Bursa Malaysia Emas Shariah Index.
Note: The risk profile of the Fund is not the same as the risk profile of the performance benchmark . |
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| Member Profile | The Fund is suitable for members who are looking for investments in a diversified portfolio of assets that comply with Shariah requirements. These members are willing to accept moderate to high risk in their investments and prefer capital growth rather than income over a medium to long term^ period.
^Note: “medium to long term” in this context refers to a period of between 3 – 7 years. |
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| Investment Objective | The Fund aims to maximise total returns through a combination of long term^ growth of capital and current income# consistent with the preservation of capital* by investing in one target fund.
Note: ^ “long term” in this context refers to a period between 5 – 7 years. |
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| Fund Category | Non – Core (Feeder fund – balanced (Shariah-compliant)). | |
| Investment Strategy | The Fund will invest principally in the target fund, i.e. the RHB Dana Hazeem (“Dana Hazeem”) which is managed by RHBAM. Both RHBAM and Dana Hazeem are regulated by the Securities Commission Malaysia under the Capital Markets and Services Act 2007.
Although the Fund is passively managed, the investments of the Fund will be rebalanced from time to time to meet sales and redemption transactions and to enable the proper and efficient management of the Fund. |
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| Asset Allocation | Investments in units of Dana Hazeem | At least 95% of the NAV. |
| Investments in liquid assets including Islamic money market instruments and placements of cash |
1% to 5% of the NAV. | |
| Performance Benchmark | Composite benchmark comprising:
Note: The risk profile of the Fund is not the same as the risk profile of the performance benchmark. |
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| Member Profile | The Fund is suitable for members who require investments that comply with Shariah requirements and are willing to accept moderate risk in their investments in order to achieve long term^ growth and income#.
Note: ^ “long term” in this context refers to a period between 5 – 7 years. |
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| Investment Objective | The Fund aims to provide capital growth and income over medium to long term^ by investing in a portfolio of Islamic collective investment schemes (“CIS”).
Note: ^“medium to long-term” in this context refers to a period between 3-5 years. |
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| Fund Category | Non – Core (Fund of Funds (Shariah-compliant)). | |
| Investment Strategy | To achieve its investment objective, the Fund seeks to invest at least 95% of its assets in a diversified portfolio of Islamic CIS (including Islamic real estate investment trusts and Islamic exchange traded funds) to gain exposure to global Shariah-compliant equities, as well as global Islamic fixed income instruments such as sukuk, Islamic money market instruments and Islamic deposits. Through the investment into Islamic CIS, the portfolio of the Islamic CIS may have up to 100% exposure in global Shariah-compliant equities or up to 100% exposure in global Islamic fixed income instruments.
The External Investment Manager takes an active investment strategy in terms of the Fund’s asset allocation. The allocation between the Islamic CIS is done through a combination of macroeconomic data, liquidity trends and the outlook to overweight or underweight a particular Islamic CIS. However, once a decision is made with regard to the actual allocation, the Fund will take a more passive stance by holding on to investments it already owns. Nevertheless, the External Investment Manager will hold the flexibility to actively shift the Fund’s asset allocation should it deem necessary based on the prevailing market conditions. As the Fund will invest at least 95% of its assets into Islamic CIS, the risk management strategies and techniques employed by the External Investment Manager include diversification of the Fund’s investments in terms of its exposure to various Islamic CIS. The External Investment Manager will conduct a stringent screening process by conducting fundamental analysis, and close monitoring of the performance of the Islamic CIS. The External Investment Manager may take temporary defensive positions that may be inconsistent with the Fund’s investment strategy in response to adverse economic, political or any market conditions. |
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| Asset Allocation | Investments in Islamic CIS | At least 95% of the NAV. |
| Investments in Islamic liquid assets including Islamic money market instruments, placements of cash and Islamic CIS investing in Islamic money market instruments and Islamic deposits. | Balance of the Fund’s NAV. | |
| Performance Benchmark | 35% MSCI World Islamic Index + 25% MSCI Islamic Asia Ex Japan Index+ 40% RHB Commodity Murabahah Deposit-i 12-month fixed deposit rate.
Note: The risk profile of the Fund is not the same as the risk profile of the performance benchmark. |
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| Member Profile | The Fund is suitable for members who are looking for investments in a diversified portfolio of global assets that comply with Shariah requirements and are willing to accept moderate to high risk in their investments in order to achieve medium to long term^ growth and income.
Note: ^“medium to long term” in this context refers to a period between 3 –5years |
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CONTRIBUTIONS & WITHDRAWALS
| For All Funds | ||
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| Minimum contribution | Initial contribution: RM100.00 or such other amount as the PRS Provider may decide from time to time. Subsequent contribution: RM100.00 or such other amount as the PRS Provider may decide from time to time. |
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| Minimum Withdrawal | No minimum. | |
FEES & CHARGES
| RHB Retirement Series – Conservative Fund | RHB Retirement Series – Moderate Fund | RHB Retirement Series – Growth Fund | RHB Retirement Series – Islamic Equity Fund | RHB Retirement Series – Islamic Balanced Fund | RHB Retirement Series – i-Allocator Fund | |||
|---|---|---|---|---|---|---|---|---|
| Sales charge | Up to 0.50% of the NAV per unit. | Up to 1.00% of the NAV per unit. | Up to 3.00% of the NAV per unit. | |||||
| Members may negotiate for a lower sales charge. An investor can expect differing sales charge to be levied when buying units from the various distribution channels and within each distribution channel (i.e. directly from RHBAM or participating Institutional Private Retirement Scheme Adviser (“IPRSAs”) or Corporate Private Retirement Scheme Adviser (“CPRSAs”) or private retirement scheme consultants), subject to the maximum sales charge stipulated above. This is due to the different levels of services provided by each distribution channel and/or the size of the investment undertaken. | ||||||||
| Redemption charge | Nil. | |||||||
| Switching fee (between funds in this Scheme) | Nil. | |||||||
| Switching fee (between funds in another PRS managed by RHBAM) | Not Applicable. | |||||||
| Transfer fee (to another PRS provider) | RM 25 for each transfer transaction | |||||||
| Annual management fee | Up to 1.00% per annum of the NAV of the Fund. | Up to 1.50% per annum of the NAV of the Fund. | ||||||
| Annual scheme trustee fee | Up to 0.04% per annum of the NAV of the Fund | |||||||
| Annual PPA administration fee | 0.04% per annum of the NAV of the Fund | |||||||
RISKS DISCLOSURE
General Investment Risks
Inflation risk, Non-compliance risk, Capital and returns not guaranteed, Fund Manager risk, Risks associated with the default option, Legal and regulatory risk and Market risk.
Specific Risks of the Funds
| RHB Retirement Series – Conservative Fund | RHB Retirement Series – Moderate Fund | RHB Retirement Series – Growth Fund | |
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| Equity Risk |  |
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| Credit Risk | |
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| Interest Rate Risk | |
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| Liquidity Risk | |
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| Income Distribution Risk | |
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| Derivative Risk |  |
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| Collective Investment Scheme Risk | |
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| Currency Risk | |
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| Country Risk | |
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| RHB Retirement Series – Islamic Equity Fund | RHB Retirement Series – Islamic Balanced Fund | RHB Retirement Series – I-Allocator Fund | |
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| Management Risk | |
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| Market Risk | |
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| Particular Security Risk | |
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| Reclassification of Shariah Status Risk | |
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| Interest Rate Risk | |
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| Credit/default Risk | |
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| Liquidity Risk | |
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| Country Risk | |
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| Islamic Collective Investment Schemes Risk | |
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| Profit Rate Risk | |
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OTHERS
RHB Bank
Level 2, Tower Two & Three, RHB Centre, Jalan Tun Razak, 50400 Kuala Lumpur.
Toll Free no: 1-800-88-8742
Website: www.rhbgroup.com
RHB Asset Management Sdn Bhd (Company No. 174588-X)
Level 8, Tower 2 & 3, RHB Centre, Jalan Tun Razak, 50400 Kuala Lumpur.
Tel: 603-9205 8000
Fax: 603-9205 8100
Toll Free no: 1-800-88-3175
Email: rhbam@rhbgroup.com
Website: www.rhbgroup.com/myinvest
RHB Asset Management Sdn Bhd offices:
| Penang Office 64-D Lebuh Bishop 10200 Penang Tel: 04-264 5639 Fax: 04-264 5640 |
Ipoh Office 4th Floor, 21-25, Jalan Seenivasagam, Greentown 30450 Ipoh, Perak Tel: 05-242 4311 Fax: 05-242 4312 |
| Batu Pahat Office 53, 53-A and 53-B Jalan Sultanah 83000 Batu Pahat, Johor Tel: 07-438 0271 Fax: 07-438 0277 |
Melaka Office 581B, Taman Melaka Raya 75000 Melaka Tel: 06-284 4211 Fax: 06-292 2212 |
| Kuantan Office B 32-34, 2nd Floor Lorong Tun Ismail 8 Sri Dagangan II 25000 Kuantan, Pahang Tel: 09-517 3611 Fax: 09-517 3612 |
Taman Molek Office 2nd Floor, No. 21 & 23 Jalan Molek 1/30 Taman Molek 81100 Johor Bahru Johor Tel: 07 – 358 3587 Fax: 07 -358 3581 |
| Kota Bharu Office No 3953-H, 1st Floor Jalan Kebun Sultan 15350 Kota Bharu, Kelantan Tel: 09-741 8539 Fax: 09-741 8540 |
Kuching Office Lot 172, Section 49, K.T.L.D Jalan Chan Chin Ann 93100 Kuching, Sarawak Tel: 082-245 611 Fax: 082-242 712 |
| Kota Kinabalu Office Lot No. C-02-04, 2nd Floor Block C, Warisan Square Jalan Tun Fuad Stephens 88000 Kota Kinabalu, Sabah Tel: 088-528 686/692 Fax: 088-528 685 |
Miri Office Lot 1268, Second Floor Centre Point Commercial Centre Jalan Melayu 98000 Miri, Sarawak Tel: 085-422 788 Fax: 085-415 243 |
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