PRINCIPAL ASSET MANAGEMENT BERHAD
(formerly known as CIMB-Principal Asset Management Berhad)
CORPORATE INFORMATION
Principal Asset Management Berhad (formerly known as CIMB-Principal Asset Management Berhad), is a joint venture between Principal Financial Group®, a member of the FORTUNE 500® and a Nasdaq-listed global financial services and CIMB Group Holdings Berhad, one of Southeast Asia’s leading universal banking groups. With innovative ideas and real-life solutions, the company helps make financial progress towards a more secure financial future possible for clients of all income and portfolio sizes.
Principal has the widest range of PRS funds and the only Asia Pacific ex Japan Equity funds in the country. The conventional and Shariah-compliant PRS Plus won Most Innovative and Best Islamic Product respectively from Asia Asset Management for Malaysia.
For detail information on the PRS, please refer to the PRS Provider’s Disclosure Document & Product Highlights Sheet here
SCHEME AND FUND INFORMATION
Default & Self Selection
Principal PRS Plus Scheme Trustee: Deutsche Trustees Malaysia Berhad
Please read the scheme’s disclosure document before deciding to make a contribution. If you do not have a copy, please contact the PRS Provider to ask for one or click on links below to go to PRS Provider’s page:
- Principal PRS Plus
- Principal Islamic 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. |
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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. The fixed income portion will provide capital stability to the Fund whilst the equity portion will provide the added return in a rising market. The Fund may opt to invest in fixed income instruments, money market instruments and equities either directly or via CIS.
At least 80% of the Fund’s NAV will be invested in local and/or foreign fixed income instruments and money market instruments, of which a minimum 20% of the Fund’s NAV will be invested in money market instruments, all of which have a minimum credit rating of “BBB3” or “P2” by RAM or equivalent rating by MARC or “BBB” or “A- 2” by S&P or equivalent rating by any other international rating agencies. Notwithstanding, the Fund may invest up to 5% of its NAV in unrated fixed income instruments. The investments in equities which include foreign exposure shall not exceed 20% of the Fund’s NAV. |
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Asset Allocation |
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Performance Benchmark | 60% Quant shop MGS Short Index + 20% CIMB Bank 1-Year Fixed Deposit Rate + 20% FTSE Bursa Malaysia Top 100.
Note: The Fund’s benchmark is for performance comparison purpose only. The risk profile of the Fund is not the same as the risk profile of the benchmark. |
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Member Profile | This Fund is suitable for Members who:
Where the Member is in the Default Option, this Fund is selected for a Member who is 55 years and above. |
Principal Islamic PRS Plus Scheme Trustee: Deutsche Trustees Malaysia Berhad
Please read the scheme’s disclosure document before deciding to make a contribution. If you do not have a copy, please contact the PRS Provider to ask for one or click on links below to go to PRS Provider’s page:
- Principal PRS Plus
- Principal Islamic 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. |
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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. The fixed income portion will provide capital stability to the Fund whilst the equity portion will provide the added return in a rising market. The Fund may opt to invest in Sukuk, Islamic money market instruments and Shariah-compliant equities either directly or via Islamic CIS.
At least 80% of the Fund’s NAV will be invested in local and/or foreign Sukuk and Islamic money market instruments, of which a minimum 20% of the Fund’s NAV will be invested in Islamic money market instruments, all of which have a minimum credit rating of “BBB3” or “P2” by RAM or equivalent rating by MARC or “BBB” or “A-2” by S&P or equivalent rating by any other international rating agencies. Notwithstanding, the Fund may also invest up to 5% of its NAV in unrated Sukuk. The investments in Shariah-compliant equities which include foreign exposure shall not exceed 20% of the Fund’s NAV. |
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Asset Allocation |
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Performance Benchmark | 60% Quant shop GII Short Index + 20% CIMB Islamic 1-Year General Investment Account-i (GIA) + 20% FTSE Bursa Malaysia EMAS Shariah Index
Note: The Fund’s benchmark is for performance comparison purpose only. The risk profile of the Fund is not the same as the risk profile of the benchmark. |
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Member Profile | This Fund is suitable for Members who:
Where the Member is in the Default Option, this Fund is selected for a Member who is 55 years and above. |
Principal PRS Plus Scheme Trustee: Deutsche Trustees Malaysia Berhad
Please read the scheme’s disclosure document before deciding to make a contribution. If you do not have a copy, please contact the PRS Provider to ask for one or click on links below to go to PRS Provider’s page:
- Principal PRS Plus
- Principal Islamic 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 fixed income portion will provide capital stability to the Fund whilst the equity portion will provide the added return in a rising market. The Fund may opt to invest in fixed income instruments and equities either directly or via CIS.
The investments by the Fund in equities which include foreign exposure shall not exceed 60% of the Fund’s NAV and investments in local and/or foreign fixed income instruments shall not be less than 40% of its NAV with a minimum credit rating of “BBB3” or “P2” by RAM or equivalent rating by MARC or “BBB” or “A-2” by S&P or equivalent rating by any other international rating agencies. Notwithstanding, the Fund may also invest up to 5% of its NAV in unrated fixed income instruments. |
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Asset Allocation |
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Performance Benchmark | 60% FTSE Bursa Malaysia Top 100 + 40% Quant shop MGS Short Index
Note: The Fund’s benchmark is for performance comparison purpose only. The risk profile of the Fund is not the same as the risk profile of the benchmark. |
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Member Profile | This Fund is suitable for Members who:
Note: Where the Member is in the Default Option, this Fund is selected for a Member who is 45 years and above but has yet reached 55 years. |
Principal Islamic PRS Plus Scheme Trustee: Deutsche Trustees Malaysia Berhad
Please read the scheme’s disclosure document before deciding to make a contribution. If you do not have a copy, please contact the PRS Provider to ask for one or click on links below to go to PRS Provider’s page:
- Principal PRS Plus
- Principal Islamic 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 fixed income portion will provide capital stability to the Fund whilst the equity portion will provide the added return in a rising market. The Fund may opt to invest in Sukuk and Shariah-compliant equities either directly or via Islamic CIS.
The investments by the Fund in Shariah-compliant equities which include foreign exposure shall not exceed 60% of the Fund’s NAV and investments in local and/or foreign Sukuk shall not be less than 40% of its NAV with a minimum credit rating of “BBB3” or “P2” by RAM or equivalent rating by MARC or “BBB” or “A-2” by S&P or equivalent rating by any other international rating agencies. Notwithstanding, the Fund may also invest up to 5% of its NAV in unrated Sukuk. |
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Asset Allocation |
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Performance Benchmark | 60% FTSE Bursa Malaysia EMAS Shariah Index + 40% Quant shop GII Short Index
The Fund’s benchmark is for performance comparison purpose only. The risk profile of the Fund is not the same as the risk profile of the benchmark. |
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Member Profile | This Fund is suitable for Members who:
Note: Where the Member is in the Default Option, this Fund is selected for a Member who is 45 years and above but has yet reached 55 years. |
Principal PRS Plus Scheme Trustee: Deutsche Trustees Malaysia Berhad
Please read the scheme’s disclosure document before deciding to make a contribution. If you do not have a copy, please contact the PRS Provider to ask for one or click on links below to go to PRS Provider’s page:
- Principal PRS Plus
- Principal Islamic 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 fixed income portion will provide capital stability to the Fund whilst the equity portion will provide the added return in a rising market. The Fund may opt to invest in fixed income instruments and equities either directly or via CIS.
The investments by the Fund in equities which include foreign exposure may be up to 90% of the Fund’s NAV and investments in local and/or foreign fixed income instruments will be at least 10% of its NAV with a minimum credit rating of “BBB3” or “P2” by RAM or equivalent rating by MARC or “BBB” or “A-2” by S&P or equivalent rating by any other international rating agencies. Notwithstanding, the Fund may also invest up to 10% of its NAV in unrated fixed income instruments. |
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Asset Allocation |
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Performance Benchmark | 70% FTSE Bursa Malaysia Top 100 + 30% Quant shop MGS Short Index
Note: The Fund’s benchmark is for performance comparison purpose only. The risk profile of the Fund is not the same as the risk profile of the benchmark. |
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Member Profile | This Fund is suitable for Members who:
Note: Where the Member is in the Default Option, this Fund is selected for a Member who is below 45 years. |
Principal Islamic PRS Plus Scheme Trustee: Deutsche Trustees Malaysia Berhad
Please read the scheme’s disclosure document before deciding to make a contribution. If you do not have a copy, please contact the PRS Provider to ask for one or click on links below to go to PRS Provider’s page:
- Principal PRS Plus
- Principal Islamic 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 fixed income portion will provide capital stability to the Fund whilst the equity portion will provide the added return in a rising market. The Fund may opt to invest in Sukuk and Shariah-compliant equities either directly or via Islamic CIS.
The investments by the Fund in Shariah-compliant equities which include foreign exposure may be up to 90% of the Fund’s NAV and investments in local and/or foreign Sukuk will be at least 10% of the Fund’s NAV with a minimum credit rating of “BBB3” or “P2” by RAM or equivalent rating by MARC or “BBB” or “A-2” by S&P or equivalent rating by any other international rating agencies. Notwithstanding, the Fund may also invest up to 10% of its NAV in unrated Sukuk. |
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Asset Allocation |
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Performance Benchmark | 70% FTSE Bursa Malaysia EMAS Shariah Index + 30% Quant shop GII Short Index
Note: The Fund’s benchmark is for performance comparison purpose only. The risk profile of the Fund is not the same as the risk profile of the benchmark. |
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Member Profile | This Fund is suitable for Members who:
Note: Where the Member is in the Default Option, this Fund is selected for a Member who is below 45 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:
- Principal PRS Plus
- Principal Islamic 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 we believe that the equity market is experiencing excessive volatility, expected prolonged declines or when the outlook of the equity market is unfavourable. Under these circumstances, the Fund may reduce its equity exposure and increase its investment in money market instruments to protect the Fund’s investment objective in bearish or non-performing equity market. |
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Asset Allocation |
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Performance Benchmark | The Fund has a target return of 8% per annum.
This is not a guaranteed return and is only a measurement of the Fund’s performance. The Fund may not achieve the target return in any particular financial year but targets to achieve this growth over the long-term. Note: The Fund’s benchmark is for performance comparison purpose only. The risk profile of the Fund is not the same as the risk profile of the benchmark. |
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Member Profile | This Fund is suitable for Members who:
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Please read the scheme’s disclosure document before deciding to make a contribution. If you do not have a copy, please contact the PRS Provider to ask for one or click on links below to go to PRS Provider’s page:
- Principal PRS Plus
- Principal Islamic 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-compliant) | |
Investment Strategy | The Fund will invest at least 85% of its NAV in the Principal DALI Equity Growth Fund (formerly known as CIMB Islamic DALI Equity Growth Fund) (“Target Fund”), a Malaysian domiciled fund established on 7 May 1998, which invests in Malaysian Shariah-compliant equities. The Fund may also maintain up to 15% of its NAV in Islamic liquid assets.
Information on the Target Fund |
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Asset Allocation |
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Performance Benchmark | FTSE Bursa Malaysia EMAS Shariah Index.
Note: The Fund’s benchmark is for performance comparison purpose only. The risk profile of the Fund is not the same as the risk profile of the benchmark. |
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Member Profile | This Fund is suitable for Members who:
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Please read the scheme’s disclosure document before deciding to make a contribution. If you do not have a copy, please contact the PRS Provider to ask for one or click on links below to go to PRS Provider’s page:
- Principal PRS Plus
- Principal Islamic 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 85% of its NAV in the Principal Asia Pacific Dynamic Income Fund (formerly known as CIMB-Principal Asia Pacific Dynamic Income Fund) (“Target Fund”), a Malaysian-domiciled fund established on 25 April 2011, which invests in the Asia Pacific ex Japan region. The Fund may also maintain up to 15% of its NAV in liquid assets.
Information on the Target Fund |
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Asset Allocation |
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Performance Benchmark | The Fund has a target return of 8% per annum.
This is not a guaranteed return and is only a measurement of the Fund’s performance. The Fund may not achieve the target return in any particular financial year but targets to achieve this growth over the long-term. Note: The Fund’s benchmark is for performance comparison purpose only. The risk profile of the Fund is not the same as the risk profile of the benchmark. |
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Member Profile | This Fund is suitable for Members who:
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Please read the scheme’s disclosure document before deciding to make a contribution. If you do not have a copy, please contact the PRS Provider to ask for one or click on links below to go to PRS Provider’s page:
- Principal PRS Plus
- Principal Islamic Plus
Investment Objective | The Fund seeks to provide capital growth over the long-term by investing in a target fund with investments in the emerging and developed markets of Asia Pacific ex Japan region that comply with the Shariah principles. | |
Fund Category | Feeder Fund – Equity (Shariah-compliant) | |
Investment Strategy | The Fund will invest at least 85% of its NAV in the Principal Islamic Asia Pacific Dynamic Equity Fund (formerly known as CIMB Islamic Asia Pacific Equity Fund) (“Target Fund”), a Malaysian domiciled fund established on 2 June 2006, which invests in Shariah-compliant equities listed on the stock exchanges in the emerging and developed markets of Asia Pacific ex Japan. The Fund may also maintain up to 15% of its NAV in Islamic liquid assets.
Information on the Target Fund |
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Asset Allocation |
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Performance Benchmark | The Fund adheres to the benchmark of the Target Fund. The benchmark of the Target Fund is MSCI AC Asia ex Japan Islamic Index.
Note: The Fund’s benchmark is for performance comparison purpose only. The risk profile of the Fund is not the same as the risk profile of the benchmark. |
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Member Profile | This Fund is suitable for Members who:
• want a Shariah-compliant investment; |
CONTRIBUTIONS & WITHDRAWALS
For all Funds | |||
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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 | |||
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Class A | Class C | Class X | |
Sales charge | 3.00% | 0.50% | Nil |
Redemption charge | Nil | Nil | Nil |
Switching fee (between funds in this Scheme) | There is no switching fee charged for switching of Funds under the Scheme or switching between funds of different PRS managed by Principal Malaysia. Switching is not allowed between different classes. | ||
Switching Fee (between funds in another PRS managed by Principal Malaysia) | |||
Transfer fee (to another PRS provider) | A maximum of RM25 may be charged for each transfer to another PRS provider.
Note: All transaction on the transfer between PRS provider are only allowed for Vested Units. |
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Annual management fee | 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
Returns not guaranteed, Legal and regulatory risk, Market risk, Risk associated with default option, Liquidity risk, Inflation risk and Manager risk.
Specific Risks of the Funds
Principal PRS Plus
Principal PRS Plus Conservative | Principal PRS Plus Moderate | Principal PRS Plus Growth | Principal PRS Plus Equity | Principal PRS Plus Asia Pacific Ex Japan | |
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Stock specific risk | ![]() |
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Credit and default risk | ![]() |
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Interest rate risk | ![]() |
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Currency risk | ![]() |
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Risks associated with investment in warrants/options | ![]() |
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Risks associated with investment in the Target Fund | ![]() |
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Principal Islamic PRS Plus
Principal Islamic PRS Plus Conservative | Principal Islamic PRS Plus Moderate | Principal Islamic PRS Plus Growth | Principal Islamic PRS Plus Equity | Principal Islamic PRS Plus Asia Pacific Ex Japan | |
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Stock specific risk | ![]() |
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Credit and default risk | ![]() |
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Interest rate risk | ![]() |
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Country risk | ![]() |
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Currency risk | ![]() |
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Risks associated with investment in Shariah-complaint warrants/Islamic options | ![]() |
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Reclassification of Shariah status risk | ![]() |
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Risks associated with investment in the Target Fund | ![]() |
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OTHERS
For more information about Morningstar, go to About Morningstar.
You may contact Principal Asset Management (formerly known as CIMB-Principal Asset Management Berhad) to find out more about PRS Plus:
- Email: service@principal.com.my
- Call: (03) 7718 3000 from 8.45am – 5.30pm, Monday to Thursday and 8.45am – 4.45pm, Friday
You can also contact Principal’s authorized distributors for PRS Plus products. Alternatively you can check with your respective human resources (HR) personnel to find out whether your employer participates in the CIMB-Principal PRS Plus Partner Programme.
Visit us at https://www.principal.com.my/prs
PRS Providers & Schemes