AMFUNDS MANAGEMENT BERHAD
CORPORATE INFORMATION
AmInvest is a global award-winning fund house with a track record spanning more than three decades and provides innovative investment solutions across a full spectrum of asset classes, for both individual and institutional investors.
Through its retirement solutions, AmInvest’s Private Retirement Scheme that has been designed to capitalise on market cycles, AmInvest continues to pursue a winning strategy of optimising returns for investors within acceptable risk boundaries.
AmInvest adopts a rigorous risk management framework developed through a continuously improved risk management culture. AmInvest’s Private Retirement Scheme reflects this approach and aims to help all Malaysians realise their retirement dreams and long-term financial goals.
For detail information on the PRS, please refer to the PRS Provider’s Disclosure Document & Product Highlights Sheet here
SCHEME AND FUND INFORMATION
Default & Self Selection
Investment Objective | AmPRS – Conservative Fund aims to preserve* capital by investing primarily in fixed income securities and money market instruments. Note: *Please note that members’ capital is neither guaranteed nor protected. |
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Fund Category | Core (Conservative). | |
Investment Strategy | The AmPRS – Conservative Fund may invest its assets into a well-diversified portfolio comprising the following asset classes: - Fixed income instruments; - Liquid assets; - Equities; and - Real Estate Investment Trust (“REITs”). Investments in the AmPRS – Conservative Fund will be restricted to investments in Malaysia and local currency investments. The AmPRS – Conservative Fund will not be invested in any RM-denominated foreign investments. In order to achieve the investment objective, the investment manager may opt to invest in the securities either directly or via collective investment schemes of AmFunds Management Berhad. The use of derivative is not applicable for the AmPRS – Conservative Fund as the Fund has no foreign currency exposure. |
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Asset Allocation | Fixed income securities and money market instruments | A minimum of 80% of the Fund’s NAV where a minimum of 20% of the Fund’s NAV will be invested in money market instruments |
Equities, equity-related securities and REITs | 0% to 20% of the Fund’s NAV | |
Liquid assets | A minimum of 1% of the Fund’s NAV | |
Performance Benchmark | 1-year Malayan Banking Berhad Conventional Fixed Deposit Rate | |
Member Profile | AmPRS – Conservative Fund is suitable for members who seek: • for capital growth on their investment • to preserve* investment capital • for long term** retirement savings* plan • for members age 50 years and above if contribute under the default option Note: * Please note that members’ capital is neither guaranteed nor protected.** The investment horizon should be at least five (5) years. |
Investment Objective | AmPRS – Moderate Fund ai | |
Fund Category | Core (Conservative). | |
Investment Strategy | The AmPRS – Moderate Fund may invest its
assets into a well-diversified portfolio comprising the following asset
classes:
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Asset Allocation | Equities, equity-related securities and REITs | Up to 60% of the Fund’s NAV, where a maximum of 20% of the Fund’s NAV will be in REITs |
Fixed income securities and money market instruments | A minimum of 40% of the Fund’s NAV | |
Liquid assets10 | A minimum of 1% of the Fund’s NAV | |
Performance Benchmark |
Note: * Medium means the duration is between three (3) years to seven (7) years. |
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Member Profile | AmPRS – Moderate Fund is suitable for
members who seek:
Note: * Please note that members’ capital is neither guaranteed nor protected. ** The investment horizon should be at least five (5) years. |
Investment Objective | AmPRS – Growth Fund aims to provide long term* capital growth by investing primarily in equities, equity-related securities and/or REITs.
Note: *The investment horizon should be at least five (5) years. |
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Fund Category | Core (Growth) | |
Investment Strategy | The AmPRS – Growth Fund may invest its assets into a well-diversified portfolio comprising the following asset classes:
For AmPRS – Growth Fund, the securities that the AmPRS – Growth Fund invests in will be traded and/or listed in the following countries, which includes but not limited to Australia, Hong Kong, Malaysia, New Zealand, Singapore, South Korea, Taiwan and Thailand. For AmPRS – Growth Fund, foreign investments (if any) will be limited to 50% of the Fund’s net asset value (“NAV”). In order to achieve the investment objective, the investment manager may opt to invest in the securities either directly or via collective investment schemes of AmFunds Management Berhad. The AmPRS – Growth Fund may also invest in derivatives for the purpose of hedging (subject to PRS Guidelines) if it is deemed necessary to do so. |
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Asset Allocation | Equities, equity-related securities and REITs | Up to 70% of the Fund’s NAV, where a maximum of 20% of the Fund’s NAV will be in REITs |
Fixed income securities and money market instruments | A minimum of 30% of the Fund’s NAV | |
Liquid assets | A minimum of 1% of the Fund’s NAV | |
Performance Benchmark |
Note: * Medium means the duration is between three (3) years to seven (7) years. |
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Member Profile | AmPRS – Growth Fund is suitable for members who seek:
Note: * Please note that members’ capital is neither guaranteed nor protected. ** The investment horizon should be at least five (5) years. |
Other Self Selection
Investment Objective | AmPRS – Islamic Equity Fund aims to provide long term capital growth by investing primarily in Shariah compliant equities and/or equity-related securities.
Note:Long term means the investment horizon should be at least five (5) years.Any material change to the investment objective of the Fund would require members’ approval. |
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Fund Category | Equity (Islamic) | |
Investment Strategy | The AmPRS – Islamic Equity Fund may invest its assets into a well-diversified portfolio comprising the following asset classes:
For AmPRS – Islamic Equity Fund, the Shariah compliant securities that the AmPRS – Islamic Equity Fund invests in will be traded and/or listed in the following countries, which includes but not limited to Australia, Hong Kong, Malaysia, New Zealand, Singapore, South Korea, Taiwan and Thailand. Foreign investments (if any) will be limited to 50% of the Fund’s NAV. In order to achieve the investment objective, the Investment Manager may opt to invest in the Shariah compliant securities either directly or via collective investment schemes of AmFunds Management Berhad that comply with Shariah principles. The AmPRS – Islamic Equity Fund may also use Shariah compliant hedging instruments for the purpose of hedging if it is deemed necessary to do so. |
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Asset Allocation | Shariah compliant equities, Shariah compliant equity-related securities (i.e. Shariah compliant warrants) and/or Shariah compliant REITs | A minimum of 70% of the Fund’s NAV, where a maximum of 20% of the Fund’s NAV will be in Shariah compliant REITs |
Sukuk and Shariah compliant money market instruments | A maximum of 30% of the Fund’s NAV | |
Islamic liquid assets | A minimum of 1% of the Fund’s NAV | |
Performance Benchmark |
Note: * Medium means the duration is between three (3) years to seven (7) years. |
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Member Profile | AmPRS – Islamic Equity Fund is suitable for members who seek:
Note: Long term means the investment horizon should be at least five (5) years. *Please note that members’ capital is neither guaranteed nor protected. |
Investment Objective | AmPRS – Islamic Balanced Fund aims to provide medium to long term capital growth by investing in Shariah compliant equities, sukuk and Shariah compliant money market instruments.
Note:Medium to long term means the investment horizon should be at least three (3) years. |
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Fund Category | Balanced (Islamic) | |
Investment Strategy | The AmPRS – Islamic Balanced Fund may invest its assets into a well-diversified portfolio comprising the following asset classes:
For AmPRS – Islamic Balanced Fund, the Shariah compliant securities that the AmPRS – Islamic Balanced Fund invests in will be traded and/or listed in the following countries, which includes but not limited to Australia, Hong Kong, Malaysia, New Zealand, Singapore, South Korea, Taiwan and Thailand. Foreign investments (if any) will be limited to 40% of the Fund’s NAV. In order to achieve the investment objective, the Investment Manager may opt to invest in the Shariah compliant securities either directly or via collective investment schemes of AmFunds Management Berhad that comply with Shariah principles. The AmPRS – Islamic Balanced Fund may also use Shariah compliant hedging instruments for the purpose of hedging if it is deemed necessary to do so. |
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Asset Allocation | Shariah compliant equities, Shariah compliant equity-related securities (i.e. Shariah compliant warrants) and/or Shariah compliant REITs | 40% to 60% of the Fund’s NAV, where a maximum of 20% of the Fund’s NAV will be in Shariah compliant REITss |
Sukuk and Shariah compliant money market instruments | 40% to 60% of the Fund’s NAV | |
Islamic liquid assets | A minimum of 1% of the Fund’s NAV | |
Performance Benchmark |
** The investment horizon should be at least five (5) years. |
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Member Profile | AmPRS – Conservative Fund is suitable for members who seek:
Note: Medium to long term means the investment horizon should be at least three (3) years. * Please note that members’ capital is neither guaranteed nor protected. |
Investment Objective | AmPRS – Islamic Fixed Income Fund aims to provide short to medium term capital growth by investing primarily in sukuk and Shariah compliant money market instruments.
Note: Short to medium term means the investment horizon should not be more than three (3) years. |
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Fund Category | Fixed Income (Islamic) | |
Investment Strategy | The AmPRS – Islamic Fixed Income Fund may invest its assets into a well-diversified portfolio comprising the following asset classes:
For AmPRS – Islamic Fixed Income Fund, the Shariah compliant securities that the AmPRS – Islamic Fixed Income Fund invests in will be traded and/or listed in the following countries, which includes but not limited to Australia, Hong Kong, Malaysia, New Zealand, Singapore, South Korea, Taiwan and Thailand. Foreign investments (if any) will be limited to 20% of the Fund’s NAV. In order to achieve the investment objective, the Investment Manager may opt to invest in the Shariah compliant securities either directly or via collective investment schemes of AmFunds Management Berhad that comply with Shariah principles. The AmPRS – Islamic Fixed Income Fund may also use Shariah compliant hedging instruments for the purpose of hedging if it is deemed necessary to do so. |
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Asset Allocation | Shariah compliant equities, Shariah compliant equity-related securities (i.e. Shariah compliant warrants) and/or Shariah compliant REITs | A maximum of 30% of the Fund’s NAV, where a maximum of 20% of the Fund’s NAV will be in Shariah compliant REITs |
Sukuk and Shariah compliant money market instruments | A minimum of 70% of the Fund’s NAV | |
Islamic liquid assets | A minimum of 1% of the Fund’s NAV | |
Performance Benchmark | 1-year Malayan Banking Berhad General Investment Account Rate
Note: As the risk profile of the Fund is not the same as the risk profile of the performance benchmark; the Fund is expected to outperform its benchmark. However, there is no guarantee that the Fund will outperform the benchmark. |
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Member Profile | AmPRS – Islamic Fixed Income Fund is suitable for members who seek:
Note: Medium to long term means the investment horizon should be at least three (3) years. * Please note that members’ capital is neither guaranteed nor protected. |
Investment Objective/td> | The Fund aims to provide returns through income* and to a lesser extent capital appreciation by investing in the AmTactical Bond.
Note: |
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Fund Category | Feeder Fund (Bond) | |
Investment Strategy | The Fund seeks to achieve its investment objective by investing a minimum of 95% of the Fund’s NAV in the AmTactical Bond (“Target Fund”) at all times. This implies that the Fund has a passive strategy.The Target Fund is managed by AmFunds Management Berhad. It seeks to achieve its objective by investing primarily in sovereign, quasi-sovereign and corporate bonds including convertible bonds. There is no minimum rating for a security purchased or held by the Target Fund. This is to enable the investment manager of the Target Fund to take a relatively high level of calculated credit risk for the Target Fund, justified by the relatively high level of expected return that could be generated by the Target Fund in return for taking the higher level of credit risk. The Target Fund’s investment is subject to active tactical duration management, where duration of the Target Fund’s investment will be monitored and modified according to interest rate outlook without any portfolio maturity limitation. The Target Fund may invest in fixed income securities with varying maturities. In view of that, the word “Tactical” is used as the fund name of the Target Fund.The Target Fund will invest in markets where the regulatory authorities are members of the International Organization of Securities Commission (IOSCO) including but not limited to the following countries: Malaysia, Australia, New Zealand, South Korea, Hong Kong, Singapore, Philippines, Indonesia and Thailand.
Note: A replacement of the Target Fund would require members’ approval. |
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Asset Allocation | Target Fund | A minimum of 95% of the Fund’s NAV |
Liquid assets | Up to 5% of the Fund’s NAV | |
Performance Benchmark | RAM Quantshop All MGS Index, which is also the performance benchmark of the Target Fund. | |
Member Profile | The Fund is suitable for members who:
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Investment Objective | The Fund aims to provide capital appreciation by investing in the AmDynamic* Sukuk.
*The word “Dynamic” in this context refers to the Target Fund’s investment strategy which is active management, not buy-and-hold strategy. Note: |
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Fund Category | Feeder fund (Sukuk) | |
Investment Strategy | The Fund seeks to achieve its investment objective by investing a minimum of 95% of the Fund’s NAV in the AmDynamic* Sukuk (“Target Fund”) at all times. This implies that the Fund has a passive strategy.The Target Fund is managed by AmFunds Management Berhad. The Target Fund will undertake active management to enhance and optimize returns from investing in sovereign, quasi sovereign and corporate Sukuk. There is no minimum rating for a Sukuk purchased or held by the Target Fund. This is to enable the investment manager of the Target Fund to take a relatively high level of calculated credit risk for the Target Fund, justified by the relatively high level of expected return that could be generated by the Target Fund in return for taking the higher level of credit risk. The Target Fund may invest in Sukuk of varying maturities. The Target Fund’s investment maturity profile is subject to active tactical duration management in view of the interest rate scenario without any portfolio maturity limitation. In view of that, the word “Dynamic” is used as the fund name of the Target Fund.The Target Fund invests globally, including but not limited to Malaysia, Singapore, Indonesia, United Arab Emirates, Saudi Arabia, Bahrain, United Kingdom, Luxembourg, Jersey, Bermuda, Brunei, China, Australia, New Zealand, Japan, Hong Kong, United States of America and Germany. Notwithstanding the above, investments in foreign markets are limited to markets where the regulatory authority is a member of the International Organization of Securities Commission (IOSCO).
*The word “Dynamic” in this context refers to the Target Fund’s investment strategy which is active management, not buy-and-hold strategy. |
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Asset Allocation | Target Fund | A minimum of 95% of the Fund’s NAV |
Liquid assets | Up to 5% of the Fund’s NAV | |
Performance Benchmark | Bloomberg AIBIM Bursa Malaysia Sovereign Shariah Index (BMSSI), which is also the performance benchmark of the Target Fund. | |
Member Profile | The Fund is suitable for members who:
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Investment Objective | The Fund aims to provide income* and to a lesser extent capital appreciation over the Medium to Long Term by primarily investing in real estate investment trusts (REITs).
Note: |
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Fund Category | Real estate (REITs) | |
Investment Strategy | To achieve the investment objective, 70% to 98% of the Fund’s NAV will be invested in REITs listed in the Asia Pacific region, which includes but not limited to Australia, Hong Kong, Japan, Malaysia, New Zealand, Singapore, South Korea, Taiwan and Thailand. In addition to country diversification, the Fund will also diversify into different REITs sectors such as residential, commercial and industrial. The Fund will hold between 2% to 30% of its NAV in liquid assets.The Investment Manager employs an active allocation strategy, which means the asset allocation decisions will be made after reviewing the macroeconomic trends and REITs market outlook of the respective countries in the Asia Pacific region. The Investment Manager will be targeting REITs that have been generating regular income returns and have potential for capital growth. In evaluating the suitability of a REIT, the Investment Manager, amongst other factors, will review the track record, investment portfolio, financial status, income distribution policy and cost factors of the REIT.
In an adverse market condition, the Investment Manager may increase its asset allocation to lower risk assets such as liquid assets to safeguard the investment of the Fund. During this period, the Fund‘s investment may differ from the stipulated investment strategy. In order to achieve the investment objective, the Investment Manager will invest in REITs directly. However, the Fund may opt to invest at least 95% of its NAV in a REITs fund managed by AIS i.e. AmAsia Pacific REITs, which has similar investment objective with the Fund, for a period of five (5) years from the commencement of the Fund or upon reaching a fund size of RM20million, whichever is earlier. |
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Asset Allocation | REITs | 70% to 98% of the Fund’s NAV |
Liquid assets | 2% to 30% of the Fund’s NAV | |
Performance Benchmark | S&P Pan Asia REITs Index. | |
Member Profile | The Fund is suitable for members who:
Note: |
CONTRIBUTIONS & WITHDRAWALS
All Funds | |
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Minimum contribution | For lump sum investment: RM500 or lower amount as the PRS Provider may from time to time decide For regular savings plan: RM100 or lower amount as the PRS Provider may from time to time decide Note: For Employer-Sponsored Retirement Scheme, the minimum contribution can be met by combining all contributions made by employer for their employees. |
Minimum additional contribution | For lump sum investment: RM100 or lower amount as the PRS Provider may from time to time decide For regular savings plan: RM100 or lower amount as the PRS Provider may from time to time decide Note: For Employer-Sponsored Retirement Scheme, the minimum contribution can be met by combining all contributions made by employer for their employees. |
Minimum withdrawal/switching | 500 units or such units as the PRS Provider may from time to time decide |
Minimum holding/balance | 200 units or such units as the PRS Provider may from time to time decide |
FEES & CHARGES
AmPRS – Conservative Fund | AmPRS – Moderate Fund | AmPRS – Growth Fund | AmPRS – Islamic Equity Fund | ||
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Sales charge | Class D: Up to 3.00% of NAV per unit of the Class. Class I: There is no sales charge for this Class. | ||||
Redemption charge | Class D and Class I: There will be no redemption charge for the Core Funds under the Scheme. | Class D and Class I: There is no redemption charge for this Class | |||
Switching fee (between funds in this Scheme) | Class D and Class I: Switching is allowed between Funds under the Scheme subject to a fee. You may be charged up to 3.00% of amount switched. However, switching between Class(es) within a Fund and switching between Class(es) between Funds are not allowed. |
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Switching fee (between funds in another PRS managed by AFM) | Nil. | ||||
Transfer fee (to another PRS provider) | Class D and Class I: Transfer of units from the Scheme to another scheme offered by another PRS provider is allowed at a fee of RM25, per transfer. This fee is payable to the PRS Provider. | ||||
Annual management fee | Class D: Up to 1.50% p.a. of the net asset value attributable to this Class of units of the Fund. Class I: Up to 1.25% p.a. of the net asset value attributable to this Class of units of the Fund. |
Class D: Up to 1.50% p.a. of the net asset value attributable to this Class of units of the Fund. Class I: Up to 1.25% p.a. of the net asset value attributable to this Class of units of the Fund. |
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Annual scheme trustee fee | Up to 0.04% p.a. of the NAV of the Fund | Up to 0.04% p.a. of the NAV of the Fund (excluding foreign sub –custodian fee) | |||
Annual PPA administration fee | Class D and Class I: 0.04% p.a. of the net asset value of the Fund, payable to the PPA. |
AmPRS – Islamic Balanced Fund | AmPRS – Islamic Fixed Income Fund | AmPRS – Tactical Bond | AmPRS – Dynamic Sukuk | AmPRS – Asia Pacific REITs | |
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Sales charge | Class D: Up to 3.00% of NAV per unit of the Class. Class I: There is no sales charge for this Class | Class D: Up to 2.00% of NAV per unit of the Class. Class I: There is no sales charge for this Class | Class D: Up to 2.00% of NAV per unit of the Class. Class I: There is no sales charge for this Class | Class D: Up to 3.00% of NAV per unit of the Class. Class I: There is no sales charge for this Class | |
Redemption charge | Class D and Class I: There is no redemption charge for this Class | Class D and Class I: Up to 1.00% of NAV per unit of the Class. All redemption charge will be placed back into the Fund | Class D and Class I: There is no redemption charge for this Class | ||
Switching fee (between funds in this Scheme) | Class D and Class I: Switching is allowed between Funds under the Scheme subject to a fee. You may be charged up to 3.00% of amount switched. However, switching between Class(es) within a Fund and switching between Class(es) between Funds are not allowed. | ||||
Switching fee (between funds in another PRS managed by AFM) | Nil. | ||||
Transfer fee (to another PRS provider) | Class D and Class I: Transfer of units from the Scheme to another scheme offered by another PRS provider is allowed at a fee of RM25, per transfer. This fee is payable to the PRS Provider. | ||||
Annual management fee | Class D: Up to 1.50% p.a. of the NAV attributable to this Class of units of the Fund Class I: Up to 1.25% p.a. of the NAV attributable to this Class of units of the Fund |
Class D and Class I: Up to 1.00% p.a. of the NAV attributable to this Class of units of the Fund | Class D and Class I: Up to 1.00% p.a. of the NAV attributable to this Class of units of the Fund | Class D: Up to 1.50% p.a. of the NAV attributable to this Class of units of the Fund Class I: Up to 1.25% p.a. of the NAV attributable to this Class of units of the Fund |
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Annual scheme trustee fee | Up to 0.04% p.a. of the NAV of the Fund (excluding foreign sub –custodian fee) | Up to 0.04% p.a. of the NAV of the Fund | Up to 0.04% p.a. of the NAV of the Fund (excluding foreign sub –custodian fee) | ||
Annual PPA administration fee | Class D and Class I: Up to 0.04% p.a. of the NAV of the Fund |
RISKS DISCLOSURE
General Investment Risks
Market risk, inflation risk, Investment Manager Risk, Country Risk, Non-Compliance Risk, Capital and Returns Not Guaranteed.
Specific Risks of the Funds
AmPRS – Conservative Fund | AmPRS – Moderate Fund | AmPRS – Growth Fund | AmPRS – Islamic Equity Fund | |
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Securities Risk | ![]() |
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Credit (default) Risk | ![]() |
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Interest rate risk | ![]() |
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Risks associated with investment in REITs | ![]() |
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Liquidity Risk | ![]() |
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Currency Risk | ![]() |
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Country Risk | ![]() |
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Regulatory and Legal Risk | ![]() |
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Taxation Risk | ![]() |
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Shariah non-compliance risk | ![]() |
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Reclassification of Shariah status risk | ![]() |
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AmPRS – Islamic Balanced Fund | AmPRS – Islamic Fixed Income Fund | AmPRS – Tactical Bond | AmPRS – Dynamic Sukuk | AmPRS – Asia Pacific REITs | |
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Securities Risk | ![]() |
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Credit (default) Risk | ![]() |
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Interest rate risk | ![]() |
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Risks associated with investment in REITs | ![]() |
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Liquidity Risk | ![]() |
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Currency Risk | ![]() |
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Country Risk | ![]() |
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Shariah non-compliance risk | ![]() |
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Reclassification of Shariah status risk | ![]() |
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Risks of a passive strategy | ![]() |
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Risk of not meeting the Fund’s investment objective | ![]() |
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Risks associated with investment in REITs | ![]() |
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Regulatory and Legal Risk | ![]() |
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Taxation Risk | ![]() |
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OTHERS
The Fund Investment Performance information is provided by Morningstar. Click here to access the Morningstar webpage.
For more information about Morningstar, go to About Morningstar.
You may contact the PRS Provider at 03-2032 2888 for the list of distributors.
Tel: 603 – 2032 2888
Fax: 603 – 2031 5210
Email: aminvestprs@aminvest.com
PRS Advisers
1. AmBank Berhad
2. iFAST Capital Sdn Bhd
3. Kenanga Investment Bank Berhad
4. Philip Mutual Berhad
5. VKA Wealth Planners Sdn Bhd
6. Whitman Independent Advisors Sdn Bhd
PRS Providers & Schemes