CIMB-PRINCIPAL ASSET MANAGEMENT BERHAD
CORPORATE INFORMATION
CIMB-Principal Asset Management Berhad (CIMB-Principal) is a premier asset management company with regional conventional and Shariah-compliant investment capabilities. The investment management company manufactures and distributes a comprehensive range of unit trust and Private Retirement Scheme (PRS) funds. It also manages customised portfolio mandates for corporations, institutions, government and pension funds.
CIMB-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 Product 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
CIMB-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:
- CIMB-Principal PRS Plus
- CIMB Islamic PRS Plus
| 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. |
|
| Fund Category | Core (Conservative). | |
| Investment Strategy | The Fund aims to invest in a diversified portfolio of primarily Fixed Income Instruments with some exposure in equities.At least 80% of the Fund’s NAV will be invested in 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. The investments in equities shall not exceed 20% of the Fund’s NAV.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 collective investment schemes. | |
| Asset Allocation | Asset | Range in % of Fund’s NAV |
| (i) Fixed Income Instruments | At least 80% | |
| (ii) Money market instruments | At least 20% of (i) | |
| (iii) Equities | Up to 20% | |
| (iv) Liquid assets | Up to 1% | |
| Performance Benchmark | 60% Quant shop MGS Short Index + 20% CIMB Bank 1-Year Fixed Deposit Rate + 20% FTSE Bursa Malaysia Top 100.
Note: The risk profile of the Fund is not the same as the risk profile of the benchmark. |
|
| Member Profile | This Fund is suitable for Members who:
Note: Where the Member is in the Default Option, this Fund is selected for a Member who is 50 years and above. |
|
CIMB 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:
- CIMB-Principal PRS Plus
- CIMB Islamic PRS Plus
| 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. |
|
| Fund Category | Core (Conservative). | |
| Investment Strategy | The Fund aims to invest in a diversified portfolio of primarily Sukuk with some exposure in Shariah-compliant equities.At least 80% of the Fund’s NAV will be invested in 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. The investments in Shariah-compliant equities shall not exceed 20% of the Fund’s NAV.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 Shariah-compliant collective investment schemes. | |
| Asset Allocation | Asset | Range in % of Fund’s NAV |
| (i) Sukuk | At least 80% | |
| (ii) Islamic money market instruments | At least 20% of (i) | |
| (iii) Shariah-compliant equities | Up to 20% | |
| (iv) Shariah-compliant liquid assets | Up to 1% | |
| 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 risk profile of the Fund is not the same as the risk profile of the benchmark. |
|
| Member Profile | This Fund is suitable for Members who:
Note: Where the Member is in the Default Option, this Fund is selected for a Member who is 50 years and above. |
|
CIMB-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:
- CIMB-Principal PRS Plus
- CIMB Islamic PRS Plus
| 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 | Core (Moderate) | |
| 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 investments by the Fund in equities shall not exceed 60% of the Fund’s NAV and investments in 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” by S&P or equivalent rating by Moody’s or Fitch. The Fund may also invest in foreign securities with a maximum of 10% of its NAV.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 collective investment schemes. | |
| Asset Allocation | Asset | Range in % of Fund’s NAV |
| (i) Fixed Income Instruments | At least 40% | |
| (ii) Equities | Up to 60% | |
| (iii) Liquid assets | Up to 1% | |
| Performance Benchmark | 60% FTSE Bursa Malaysia Top 100 + 40% Quant shop MGS Short Index
Note: The risk profile of the Fund is not the same as the risk profile of the benchmark. |
|
| Member Profile | This Fund is suitable for Members who:
Note: Where the Member is in the Default Option, this Fund is selected for a Member who is 40 years and above but has yet reached 50 years. |
|
CIMB 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:
- CIMB-Principal PRS Plus
- CIMB Islamic PRS Plus
| 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 | Core (Moderate) | |
| 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 investments by the Fund in Shariah-compliant equities shall not exceed 60% of the Fund’s NAV and investments in 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” by S&P or equivalent rating by Moody’s or Fitch. The Fund may also invest in Shariah-compliant foreign securities with a maximum of 10% of its NAV.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 Shariah-compliant collective investment schemes. | |
| Asset Allocation | Asset | Range in % of Fund’s NAV |
| (i) Sukuk | At least 40% | |
| (ii) Shariah-compliant equities | Up to 60% | |
| (iii) Shariah-compliant liquid assets | Up to 1% | |
| Performance Benchmark | 60% FTSE Bursa Malaysia EMAS Shariah Index + 40% Quant shop GII Short Index
Note: The risk profile of the Fund is not the same as the risk profile of the benchmark |
|
| Member Profile | This Fund is suitable for Members who:
Note: Where the Member is in the Default Option, this Fund is selected for a Member who is 40 years and above but has yet reached 50 years. |
|
CIMB-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:
- CIMB-Principal PRS Plus
- CIMB Islamic PRS Plus
| 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 | Core (Growth) | |
| 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 investments by the Fund in equities shall not exceed 70% of the Fund’s NAV and investments in Fixed Income Instruments shall not be less than 30% of its NAV with a minimum credit rating of “BBB3″ or “P2” by RAM or equivalent rating by MARC or “BBB” by S&P or equivalent rating by Moody’s or Fitch. The Fund may also invest in foreign securities with a maximum of 20% of its NAV.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 collective investment schemes. | |
| Asset Allocation | Asset | Range in % of Fund’s NAV |
| (i) Fixed Income Instruments | At least 30% | |
| (ii) Equities | Up to 70% | |
| (iii) Liquid assets | Up to 1% | |
| Performance Benchmark |
70% FTSE Bursa Malaysia Top 100 + 30% Quant shop MGS Short Index Note: The risk profile of the Fund is not the same as the risk profile of the benchmark. |
|
| Member Profile |
This Fund is suitable for Members who:
Note: Where the Member is in the Default Option, this Fund is selected for a Member who is below 40 years. |
|
CIMB-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:
- CIMB-Principal PRS Plus
- CIMB Islamic PRS Plus
| 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 | Core (Growth) | |
| 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 investments by the Fund in Shariah-compliant equities shall not exceed 70% of the Fund’s NAV and investments in Sukuk shall not be less than 30% of its NAV with a minimum credit rating of “BBB3” or “P2” by RAM or equivalent rating by MARC or “BBB” by S&P or equivalent rating by Moody’s or Fitch. The Fund may also invest in Shariah-compliant foreign securities with a maximum of 20% of its NAV.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 Shariah-compliant collective investment schemes. | |
| Asset Allocation | Asset | Range in % of Fund’s NAV |
| (i) Sukuk | At least 30% | |
| (ii) Shariah-compliant equities | Up to 70% | |
| (iii) Shariah-compliant liquid assets | Up to 1% | |
| Performance Benchmark |
70% FTSE Bursa Malaysia EMAS Shariah Index + 30% Quant shop GII Short Index Note: The risk profile of the Fund is not the same as the risk profile of the benchmark. |
|
| Member Profile |
This Fund is suitable for Members who:
Note: Where the Member is in the Default Option, this Fund is selected for a Member who is below 40 years. |
|
Other Self Selection
Please read the scheme’s disclosure document before deciding to make a contribution. If you do not have a copy, please contact the PRS Provider to ask for one or click on links below to go to PRS Provider’s page:
- CIMB-Principal PRS Plus
- CIMB Islamic PRS Plus
| 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 the fund manager believes 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. | |
| Asset Allocation | Asset | Range in % of Fund’s NAV |
| (i) Equities | Between 70% to 99.8% (both inclusive) | |
| (i) Liquid assets | At least 0.2% | |
| 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 risk profile of the Fund is not the same as the risk profile of the benchmark. |
|
| Member Profile | This Fund is suitable for Members who:
|
|
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:
- CIMB-Principal PRS Plus
- CIMB Islamic PRS Plus
| 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) | |
| Investment Strategy | The Fund will invest at least 95% of its NAV in the 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 will also maintain up to a maximum of 5% of its NAV in liquid assets.Information on the Target FundManagement Company: CIMB-Principal Asset Management Berhad.Regulatory Authority: Securities Commission Malaysia. | |
| Asset Allocation | Asset | Range in % of Fund’s NAV |
| (i) CIMB Islamic DALI Equity Growth Fund | At least 95% | |
| (ii) Shariah-compliant liquid assets | Up to 5% | |
| 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 benchmark. |
|
| Member Profile | This Fund is suitable for Members who:
|
|
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:
- CIMB-Principal PRS Plus
- CIMB Islamic PRS Plus
| 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 95% of its NAV in the 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 will also maintain up to a maximum of 5% of its NAV in liquid assets. Information on the Target FundManagement Company: CIMB-Principal Asset Management Berhad. Regulatory Authority: Securities Commission Malaysia. |
|
| Asset Allocation | Asset | Range in % of Fund’s NAV |
| (i) CIMB-Principal Asia Pacific Dynamic Income Fund | At least 95% | |
| (i) Liquid assets | At least 5% | |
| 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 risk profile of the Fund is not the same as the risk profile of the benchmark. |
|
| Member Profile | This Fund is suitable for Members who:
|
|
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:
- CIMB-Principal PRS Plus
- CIMB Islamic PRS Plus
| 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) | |
| Investment Strategy | The Fund will invest at least 95% of its NAV in the 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 will also maintain up to a maximum of 5% of its NAV in liquid assets. Information on the Target FundManagement Company: CIMB-Principal Asset Management Berhad. Regulatory Authority: Securities Commission Malaysia. |
|
| Asset Allocation | Asset | Range in % of Fund’s NAV |
| (i) CIMB Islamic DALI Equity Growth Fund | At least 95% | |
| (i) (ii) Shariah-compliant liquid assets | Up to 5% | |
| 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 benchmark. |
|
| Member Profile |
This Fund is suitable for Members who:
|
|
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 to the Funds. Switching is not allowed between different Classes. | ||
| Switching Fee (between funds in another PRS managed by CIMB-Principal) | There is no Switching Fee charged to the Funds. Switching is not allowed between different Classes. | ||
| Transfer fee (to another PRS provider) | A maximum of RM75 may be charged for each transfer to another PRS provider. | ||
| Annual management fee | 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 | 0.04% of the Fund’s NAV | 0.04% of the Fund’s NAV | 0.04% of the Fund’s NAV |
| Annual PPA administration fee | 0.04% of the Fund’s NAV | 0.04% of the Fund’s NAV | 0.04% of the Fund’s NAV |
RISKS DISCLOSURE
General Investment Risks
Capital and returns not guaranteed, Legal and regulatory risk, Market risk, Risk associated with default option, Liquidity risk, Inflation risk, Risk of non-compliance and Fund Manager risk.
Specific Risks of the Funds
CIMB-Principal PRS Plus
| CIMB-Principal PRS Plus Conservative | CIMB-Principal PRS Plus Moderate | CIMB-Principal PRS Plus Growth | CIMB-Principal PRS Plus Equity | CIMB-Principal PRS Plus Asia Pacific Ex Japan | |
|---|---|---|---|---|---|
| Stock specific risk |  |
|
|
|
 |
| Credit / Default risk | |
|
|
|
|
| Interest rate risk | |
|
|
|
|
| Counterparty risk | |
|
|
|
|
| Country risk | |
|
|
|
|
| Currency risk | |
|
|
|
|
| Risks associated with investment in warrants/options | |
|
|
|
|
| Risk associated with temporary defensive positions | |
|
|
|
|
| Concentration risk | |
|
|
|
|
| Risks associated with investment in the Target Fund | |
|
|
|
|
CIMB Islamic PRS Plus
| CIMB Islamic PRS Plus Conservative | CIMB Islamic PRS Plus Moderate | CIMB Islamic PRS Plus Growth | CIMB Islamic PRS Plus Equity | CIMB Islamic PRS Plus Asia Pacific Ex Japan | |
|---|---|---|---|---|---|
| Stock specific risk | |
|
|
|
|
| Credit / Default risk | |
|
|
|
|
| Interest rate risk | |
|
|
|
|
| Counterparty risk | |
|
|
|
|
| Country risk | |
|
|
|
|
| Currency risk | |
|
|
|
|
| Risks associated with investment in warrants/options | |
|
|
|
|
| Reclassification of Shariah status risk | |
|
|
|
|
| Concentration risk | |
|
|
|
|
| Risks associated with investment in the Target Fund | |
|
|
|
|
OTHERS
For more information about Morningstar, go to About Morningstar.
- Email: service@cimb-principal.com.my
- Call: (03) 7718 3100 from 8.30am – 5.30pm, Mondays to Fridays
You can also contact CWA, one of CIMB-Principal’s authorized distributors for PRS Plus:
- Email: cwa.custsupport@cwealthadvisors.com.my
- Call: (03) 7718 3000 from 8.30am – 5.30pm, Mondays to Fridays
Alternatively you can check with your respective human resource (HR) personnel to find out whether your employer participates in the CIMB-Principal PRS Plus Partner Programme.
Contact us link: http://www.cimb-principal.com.my/prs/contactus.aspx
PRS Providers & Schemes