HONG LEONG ASSET MANAGEMENT BHD
CORPORATE INFORMATION
Hong Leong Asset Management Bhd is an established asset management company distributing unit trust funds, wholesale funds, customised portfolio solutions and Private Retirement Scheme to the retail and institutional segments.
As a member of Hong Leong Group, we have the advantage of leveraging on valuable input through the Group’s diverse businesses, resources and regional experience. Hong Leong Group is based in Malaysia with diversified businesses in banking and financial services, manufacturing and distribution, property development and investments, hospitality and leisure, and principal investments with presence in North and Southeast Asia, Western Europe and the UK, North America and Oceania.
One of our advantages of being part of a conglomerate group is a better understanding of the overall changes in the market and economic environment. Our Group’s exposure into various sectors enables its subsidiaries to garner easier, faster, and more comprehensive access to information across all sectors. This plays a part in the fund management process to evaluate implications of these changes to investment outcomes.
Through a disciplined and systematic investment process, we aim to identify and invest in companies with sustainable competitiveness that seeks to
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
Hong Leong Private Retirement Scheme – Conventional (Core Fund) Scheme Trustee: CIMB Commerce Trustee Berhad
| Investment Objective | The Fund aims capital preservation* while seeking income.
*Please note the Fund is neither a capital guaranteed fund nor a capital protected fund. Any material changes to the investment objective of the Fund would require Members’ approval. |
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| Fund Category | Core (Conservative). | |
| Investment Strategy | The Fund seeks to achieve its investment objective by investing in a basket of Islamic collective investment schemes which have similar investment objective to the Fund’s investment objective of capital preservation while seeking income. Investments in Islamic collective investment schemes will be confined to those managed by the Provider.
The Provider will actively monitor the Fund’s investments in selected collective investment schemes to ensure optimal returns while adhering to the Fund’s pre-determined asset allocation. The Provider has the flexibility to rebalance the asset allocation should it deem necessary based on the prevailing market conditions. The Provider may also take temporary defensive positions that may be inconsistent with the Fund’s investment strategy in response to adverse economic, political or any market conditions. In such circumstances, the Fund may hold up to 100% in money market instruments and deposits as a defensive strategy. |
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| Asset Allocation | At least 80% of the Fund’s NAV will be invested into fixed income and/or money market collective investment schemes; and
Up to 20% of the Fund’s NAV may be invested into equity and/or balanced collective investment schemes. |
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| Performance Benchmark | The performance benchmark is the Malayan Banking Berhad 12 months fixed deposit rate.
The benchmark is used solely as a reference only. Please note that the risk profile of the Fund is not the same as the risk profile of the performance benchmark. The performance of the Fund against the benchmark is published in the Provider’s interim and annual reports and is also available on the Provider’s website. |
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| Member Profile | The Fund is suitable for Members who:
Members who are under the Default Option and are 55 years old and above, this Fund will be selected for you. |
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Hong Leong Private Retirement Scheme – Islamic (Core Fund) Scheme Trustee: CIMB Commerce Trustee 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 here to go to the PRS Provider’s page
| Investment Objective | The Fund aims to provide capital preservation* while seeking income.
*Please note the Fund is neither a capital guaranteed fund nor a capital protected fund. Any material changes to the investment objective of the fund would require members’ approval. |
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| Fund Category | Core (Conservative) | |
| Investment Strategy | The Fund seeks to achieve its investment objective by investing in a basket of Islamic collective investment schemes which have similar investment objective to the Fund’s investment objective of capital preservation while seeking income. Investments in Islamic collective investment schemes will be confined to those managed by the Provider.
The Provider will actively monitor the Fund’s investments in the selected Islamic collective investment schemes to ensure optimal returns while adhering to the Fund’s pre-determined asset allocation. The Provider has the flexibility to rebalance the asset allocation should it deem necessary based on the prevailing market conditions. The Provider may also take temporary defensive positions that may be inconsistent with the Fund’s investment strategy in response to adverse economic, political or any market conditions. In such circumstances, the Fund may hold up to 100% in Islamic money market instruments and Islamic deposits as a defensive strategy. |
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| Asset allocation |
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| Performance Benchmark | Malayan Banking 12-month Islamic fixed deposit-i. Information on the benchmark is available at www.maybank2u.com.my.
The benchmark is used solely as a reference only. Please note that the risk profile of the Fund is not the same as the risk profile of the performance benchmark. The performance of the Fund against the benchmark is published in the Provider’s semi-annual and annual reports and is also available on the Provider’s website. |
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| Member Profile | The Fund is suitable for Members who:
Members who are under the Default Option and are 55 years old and above, this Fund will be selected for you. |
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Hong Leong Private Retirement Scheme – Conventional (Core Fund) Scheme Trustee: CIMB Commerce Trustee Berhad
| Investment Objective | The Fund aims to seek capital growth over the long-term while seeking income returns.
Any material changes to the investment objective of the Fund would require Members’ approval. |
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| Fund Category | Core (Moderate) | |
| Investment Strategy | The Fund seeks to achieve its investment objective by investing in a basket of collective investment schemes that have similar investment objective to the Fund’s investment objective of capital growth over the long-term while seeking income returns. Investments in collective investment schemes will be confined to those managed by the Provider.
The Provider will actively monitor the Fund’s investments in selected collective investment schemes to ensure optimal returns while adhering to the Fund’s pre-determined asset allocation. The Provider has the flexibility to rebalance the asset allocation should it deem necessary based on the prevailing market conditions. The Provider may also take temporary defensive positions that may be inconsistent with the Fund’s investment strategy in response to adverse economic, political or any market conditions. In such circumstances, the Fund may hold up to 100% in money market instruments and deposits as a defensive strategy. |
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| Asset Allocation | At least 70% of the Fund’s NAV will be invested into balanced collective investment schemes; and
Up to 30% of the Fund’s NAV may be invested into fixed income and/or money market collective investment schemes. |
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| Performance Benchmark | The performance benchmark is a composite of FTSE Bursa Malaysia KLCI (60%) and Malayan Banking Berhad 12 months fixed deposit rate (40%). This composite performance benchmark represents the general asset allocation adopted by the Fund, i.e. 70% in balanced collective investment schemes and 30% in fixed income and/or money market collective investment schemes.
The benchmark is used solely as a reference only. Please note that the risk profile of the Fund is not the same as the risk profile of the performance benchmark. The performance of the Fund against the benchmark is published in the Provider’s interim and annual reports and is also available on the Provider’s website. |
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| Member Profile | The Fund is suitable for Members who:
Members who are under the Default Option and who are between 45 years to below 55 years, this Fund will be selected for you. |
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Hong Leong Private Retirement Scheme – Islamic (Core Fund) Scheme Trustee: CIMB Commerce Trustee 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 here to go to the PRS Provider’s page
| Investment Objective | The Fund aims to seek capital growth over the long-term while seeking income returns.
Any material changes to the investment objective of the fund would require members’ approval. |
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| Fund Category | Core (Moderate) | |
| Investment Strategy | The Fund seeks to achieve its investment objective by investing in a basket of Islamic collective investment schemes which have similar investment objective to the Fund’s investment objective of capital growth over the long-term while seeking income returns. Investments in Islamic collective investment schemes will be confined to those managed by the Provider.
The Provider will actively monitor the Fund’s investments in the selected Islamic collective investment schemes to ensure optimal returns while adhering to the Fund’s pre-determined asset allocation. The Provider has the flexibility to rebalance the asset allocation should it deem necessary based on the prevailing market conditions. The Provider may also take temporary defensive positions that may be inconsistent with the Fund’s investment strategy in response to adverse economic, political or any market conditions. In such circumstances, the Fund may hold up to 100% in Islamic money market instruments and Islamic deposits as a defensive strategy. |
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| Asset allocation |
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| Performance Benchmark | A composite of FBM EMAS Shariah Index (60%) and Malayan Banking 12-month Islamic fixed deposit-i (40%).
Due to the nature of the investments, the performance benchmark is specifically formulated based on the asset allocation of the Fund. The information on FBM EMAS Shariah Index is readily available from Bursa Malaysia’s website at www.bursamalaysia.com while the information on Malayan Banking 12-month Islamic fixed deposit-i can be obtained at www.maybank2u.com.my. The benchmark is used solely as a reference only. Please note that the risk profile of the Fund is not the same as the risk profile of the performance benchmark. The performance of the Fund against the benchmark is published in the Provider’s semi-annual and annual reports and is also available on the Provider’s website. |
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| Member Profile | The Fund is suitable for Members who:
Members who are under the Default Option and who are between the age of 45 to below 55, this Fund will be selected for you. |
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Hong Leong Private Retirement Scheme – Conventional (Core Fund) Scheme Trustee: CIMB Commerce Trustee Berhad
| Investment Objective | The Fund aims to provide long-term capital growth to facilitate the accumulation of wealth for retirement needs.
Any material changes to the investment objective of the Fund would require Members’ approval. |
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| Fund Category | Core (Growth) | |
| Investment Strategy | The Fund seeks to achieve its investment objective by investing in a basket of collective investment schemes that have similar investment objective to the Fund’s investment objective of long- term capital growth. Investments in collective investment schemes will be confined to those managed by the Provider.
The Provider will actively monitor the Fund’s investments in selected collective investment schemes to ensure optimal returns while adhering to the Fund’s pre-determined asset allocation. The Provider has the flexibility to rebalance the asset allocation should it deem necessary based on the prevailing market conditions. The Provider may also take temporary defensive positions that may be inconsistent with the Fund’s investment strategy in response to adverse economic, political or any market conditions. In such circumstances, the Fund may hold up to 100% in money market instruments and deposits as a defensive strategy. |
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| Asset Allocation | At least 70% of the Fund’s NAV will be invested into equity collective investment schemes; and
Up to 30% of the Fund’s NAV may be invested into fixed income and/or money market collective investment schemes. |
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| Performance Benchmark | The performance benchmark is a composite of FTSE Bursa Malaysia KLCI (70%) and Malayan Banking Berhad 12 months fixed deposit rate (30%). This composite performance benchmark represents the general asset allocation adopted by the Fund, i.e 70% in equity collective investment schemes and 30% in fixed income and/or money market collective investment schemes.
The benchmark is used solely as a reference only. Please note that the risk profile of the Fund is not the same as the risk profile of the performance benchmark. The performance of the Fund against the benchmark is published in the Provider’s interim and annual reports and is also available on the Provider’s website. |
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| Member Profile | The Fund is suitable for Members who:
Members who are under the Default Option and below the age of 45 years, this Fund will be selected for you. |
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Hong Leong Private Retirement Scheme – Islamic (Core Fund) Scheme Trustee: CIMB Commerce Trustee 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 here to go to the PRS Provider’s page
| Investment Objective | The Fund aims to provide long-term capital growth to facilitate the accumulation of wealth for retirement needs.
Any material change to the investment objective of the Fund would require Members’ approval. |
|
| Fund Category | Core (Growth) | |
| Investment Strategy | The Fund seeks to achieve its investment objective by investing in a basket of Islamic collective investment schemes which have similar investment objective to the Fund’s investment objective of long-term capital growth. Investments in Islamic collective investment schemes will be confined to those managed by the Provider.
The Provider will actively monitor the Fund’s investments in the selected Islamic collective investment schemes to ensure optimal returns while adhering to the Fund’s pre-determined asset allocation. The Provider has the flexibility to rebalance the asset allocation should it deem necessary based on the prevailing market conditions. The Provider may also take temporary defensive positions that may be inconsistent with the Fund’s investment strategy in response to adverse economic, political or any market conditions. In such circumstances, the Fund may hold up to 100% in Islamic money market instruments and Islamic deposits as a defensive strategy. |
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| Asset allocation |
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| Performance Benchmark | A composite of FBM EMAS Shariah Index (70%) and Malayan Banking 12-month Islamic fixed deposit-i (30%). .
Due to the nature of the investments, the performance benchmark is specifically formulated based on the asset allocation of the Fund. The information on FBM EMAS Shariah Index is readily available from Bursa Malaysia’s website at www.bursamalaysia.com while the information on Malayan Banking 12-month Islamic fixed deposit-i can be obtained at www.maybank2u.com.my. The benchmark is used solely as a reference only. Please note that the risk profile of the Fund is not the same as the risk profile of the performance benchmark. The performance of the Fund against the benchmark is published in the Provider’s semi-annual and annual reports and is also available on the Provider’s website. |
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| Member Profile | The Fund is suitable for Members who:
Members who are under the Default Option and below the age of 45, this Fund will be selected for you. |
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Other Self Selection
| Investment Objective | The Fund aims to achieve capital growth by investing primarily in collective investment schemes with exposure in the Asia Pacific ex Japan markets.
Any material changes to the investment objective of the Fund would require Members’ approval. |
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| Fund Category | Fund-of-Funds (Equity). | |
| Investment Strategy | The Fund seeks to achieve its investment objective by investing in a basket of collective investment schemes that have similar investment objective to the Fund’s investment objective of capital growth, through exposure in countries in the Asia-Pacific ex Japan region which include but are not limited to Australia, China, Hong Kong, India, Indonesia, Korea, Malaysia, New Zealand, Philippines, Singapore, Taiwan and Thailand. Investments in collective investment schemes will be confined to those managed by the Provider and have proven performance track record.
The Provider will actively monitor the Fund’s investments in selected collective investment schemes to ensure optimal returns while adhering to the Fund’s pre-determined asset allocation. The Provider has the flexibility to rebalance the asset allocation should it deem necessary based on the prevailing market conditions. The Provider may also take temporary defensive positions that may be inconsistent with the Fund’s investment strategy in response to adverse economic, political or any market conditions. In such circumstances, the Fund may hold up to 100% in money market instruments and deposits as a defensive strategy. |
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| Asset Allocation | At least 70% of the Fund’s NAV will be invested into equity collective investment schemes; and
Up to 30% of the Fund’s NAV may be invested into fixed income and/or money market collective investment schemes. |
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| Performance Benchmark | The performance benchmark is a composite of MSCI AC Asia- Pacific ex Japan (70%) and Malayan Banking Berhad 12 months fixed deposit rate (30%). This composite performance benchmark represents the general asset allocation adopted by the Fund, i.e 70% in equity collective investment schemes which invest primarily in the Asia-Pacific ex Japan region and 30% in domestic fixed income and/or money market collective investment schemes.
The benchmark is used solely as a reference only. Please note that the risk profile of the Fund is not the same as the risk profile of the performance benchmark. The performance of the Fund against the benchmark is published in the Provider’s interim and annual reports and is also available on the Provider’s website. |
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| Member Profile | The Fund is suitable for Members who:
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CONTRIBUTIONS & WITHDRAWALS
| Hong Leong PRS Conservative Fund | Hong Leong PRS Moderate Fund | Hong Leong PRS Growth Fund | Hong Leong PRS Asia Pacific Fund | Hong Leong PRS Islamic Conservative Fund | Hong Leong PRS Islamic Moderate Fund | Hong Leong PRS Islamic Growth Fund | |
| Minimum contribution | Initial – RM100 Subsequent – RM50 |
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| Minimum withdrawal | The minimum redemption Units is 500 units or such other lower amount as the Provider may in its sole discretion allow. | ||||||
FEES & CHARGES
| Hong Leong PRS Conservative Fund | Hong Leong PRS Moderate Fund | Hong Leong PRS Growth Fund | Hong Leong PRS Asia Pacific Fund | Hong Leong PRS Islamic Conservative Fund | Hong Leong PRS Islamic Moderate Fund | Hong Leong PRS Islamic Growth Fund | |
| Sales charge | Up to 3% of NAV per unit. | ||||||
| Redemption charge | Not applicable | ||||||
| Switching fee (between funds in this Scheme) | Not applicable | ||||||
| Switching Fee (between funds in another PRS managed by the PRS Provider) | Not applicable | ||||||
| Transfer fee (to another PRS provider) | RM25 for each transfer request to another PRS provider | ||||||
| Annual management fee: | Up to 1.00% per annum of the Fund’s NAV | Up to 1.25% per annum of the Fund’s NAV | Up to 1.5% per annum of the Fund’s NAV | Up to 1.8% per annum of the Fund’s NAV | Up to 1.00% per annum of the Fund’s NAV | Up to 1.25% per annum of the Fund’s NAV | Up to 1.5% per annum of the Fund’s NAV |
| Annual scheme trustee fee | Up to 0.04% per annum of the Fund’s NAV | ||||||
| Annual PPA administration fee | 0.04% per annum of the Fund’s NAV | ||||||
RISKS DISCLOSURE
General Investment Risks
Capital and return not guaranteed risk, Fund Manager risk, Market risk, Inflation/Purchasing power risk, Risk associated with default option, Non-compliance risk, Legal and regulatory risk, Liquidity risk.
Specific Risks of the Funds
| Hong Leong PRS Conservative Fund | Hong Leong PRS Moderate Fund | Hong Leong PRS Growth Fund | Hong Leong PRS Asia Pacific Fund | Hong Leong PRS Islamic Conservative Fund | Hong Leong PRS Islamic Moderate Fund | Hong Leong PRS Islamic Growth Fund | |
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| Particular security risk |  |
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| Credit/default risk | |
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| Interest rate risk | |
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| Single issuer risk | |
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| Collective investment scheme risk | |
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| Counterparty risk | |
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| Currency risk | |
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| Country risk | |
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| Derivatives/Structured product risk | |
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| Dividend policy risk | |
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| Emerging market risk | |
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| Repatriation risk | |
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| Small capitalization risk | |
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| Reinvestment risk | |
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| Islamic Collective investment scheme risk | |
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| Suspension of repurchased request risk | |
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| Shariah status reclassification risk | |
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| Shariah non-compliance risk | |
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OTHERS
Head Office
Level 18, Block B, Plaza Zurich, No. 12 Jalan Gelenggang, Bukit Damansara, 50490 Kuala Lumpur.
Tel : +603-2081 8600
Fax : +603-2081 8500
Website : www.hlam.com.my
Email : inquiry@hlam.hongleong.com.my
Ipoh
2nd Floor, Lot 3
Persiaran Greentown 4
Greentown Business Centre
30450 Ipoh Perak
Tel : +605-255 8388 /
+605-255 9388
Fax : +605-255 8389
Pulau Pinang
No. 441-1-3
Pulau Tikus Plaza
Jalan Burmah
Pulau Tikus
10350 Pulau Pinang
Tel : +604-228 8112
+604-228 9112
Fax : +604-228 3112
PRS Providers & Schemes