PRODUCT HIGHLIGHTS SHEET

Transcription

1 E017 EASTSPRING INVESTMENTS ASIA SELECT INCOME FUND PRODUCT HIGHLIGHTS SHEET RESPONSIBILITY STATEMENT This Product Highlights Sheet has been reviewed and approved by the directors of Eastspring Investments Berhad and they collectively and individually accept full responsibility for the accuracy of the information. Having made all reasonable enquiries, they confirm to the best of their knowledge and belief, there are no false or misleading statements, or omission of other facts which would make any statement in the Product Highlights Sheet false or misleading. STATEMENT OF DISCLAIMER The Securities Commission Malaysia has authorized the issuance of Eastspring Investments Asia Select Income Fund and a copy of this Product Highlights Sheet has been lodged with the Securities Commission Malaysia. The authorization of the Eastspring Investments Asia Select Income Fund and lodgement of this Product Highlights Sheet should not be taken to indicate that the Securities Commission Malaysia recommends the Eastspring Investments Asia Select Income Fund or assumes responsibility for the correctness of any statement made or opinion or report expressed in this Product Highlights Sheet. The Securities Commission Malaysia is not liable for any non-disclosure on the part of the Eastspring Investments Berhad responsible for the Eastspring Investments Asia Select Income Fund and takes no responsibility for the contents of this Product Highlights Sheet. The Securities Commission Malaysia makes no representation on the accuracy or completeness of this Product Highlights Sheet, and expressly disclaims any liability whatsoever arising from, or in reliance upon, the whole or any part of its contents.

2 Prepared on 15 July 2013 This Product Highlights Sheet only highlights the key features and risks of the Fund. Investors are advised to request, read and understand the Master Prospectus of the Fund before deciding to invest. PRODUCT HIGHLIGHTS SHEET Eastspring Investments Asia Select Income Fund (the Fund ) Fund Category Balanced Launch Date 18 November 2005 Fund Type Growth and income Manager Eastspring Investments Berhad WHO IS THE PRODUCT SUITABLE FOR? PRODUCT SUITABILITY The Fund is suitable for investors who: seek capital growth want to participate in the India and China markets have medium to high risk tolerance adopt a medium to long-term investment horizon Refer to Investor Profile section of the Fund s Master 2

3 KEY PRODUCT FEATURES WHAT ARE YOU INVESTING IN? You are investing in a balanced fund which seeks to provide a stable income* stream and an opportunity for capital appreciation by investing primarily in a portfolio of Malaysian investment grade fixed income securities and a collective investment scheme primarily the Eastspring Investments Dragon Peacock Fund, which invests in equities and equity-related securities of corporations which are incorporated in, or listed in, or operating principally from, or carrying on significant business in, or derive substantial revenue from, or whose subsidiaries, related or associated corporations, derive substantial revenue from the People s Republic of China (PRC) and India. Refer to Fund Objective section of Note: The Fund s focus is on income. Investment Strategy The Fund seeks to achieve its objective by investing in securities consisting of: Malaysian investment grade fixed income securities, and A collective investment scheme namely the Eastspring Investments Dragon Peacock Fund, incorporated in Luxembourg. Refer to Investment Strategy section of Asset Allocation Up to 40% of the Fund s NAV in Eastspring Investments Dragon Peacock Fund. The remaining of the Fund s NAV will be invested in fixed income securities. At least 1.00% of the Fund s NAV in deposits or other liquid assets. Refer to Asset Allocation section of Distributions The Fund s income distribution is non-guaranteed and subject to the availability of income. Distribution of income, if any, after deduction of taxation and expenses, will be declared at least once a year. Refer to Distributions section of Parties Involved WHO ARE YOU INVESTING WITH? The Manager is Eastspring Investments Berhad (company no.: U) incorporated in November 2000 and is part of Prudential plc (United Kingdom) group. The Trustee of the Fund is Deutsche Trustees Malaysia Berhad (company no.: H). Refer to Corporate Directory section of Possible Outcomes of Investing in the Fund Investment involves risk. The value of the Fund and its distributions (if any) may rise or fall. These risk factors, among others, may cause you to lose some or all of your investment. Refer to Risk Factors section of *Income will be reinvested unless Unit Holder opts for the distribution to be paid out. 3

4 KEY RISKS WHAT ARE THE KEY RISKS ASSOCIATED WITH THE FUND? Refer to Specific Risks section of the Fund s Master Security risk Adverse price movements of a particular security invested by the Fund may adversely affect the Fund s NAV. Countries/ Foreign securities risk The Fund invests in Target Fund that is domiciled in Luxembourg and also invests in securities listed outside Luxembourg. Any changes in the economic fundamentals, social and political stability, currency movements and foreign investments policies in these foreign countries may have an impact on the prices of the securities that the Target Fund invests in and consequently may also affect the Fund s NAV. Currency risk This risk is associated with investments denominated in currencies different from the base currency of the Fund. Credit/ Default risk This risk refers to the inability of the issuer of the fixed income securities held by the Fund to make the coupon or principal payments when due. In the event the issuer defaults in the coupon or principal payments, the value of the Fund will be adversely affected. Interest rate risk Generally, the value of fixed income securities will move inversely with interest rate movements. Therefore, the prices of fixed income securities may fall when interest rates rise and vice versa. Should the Fund hold a fixed income security until its maturity, such price fluctuations would reduce as the fixed income securities approaches maturity. 4

5 FEES AND CHARGES WHAT ARE THE FEES AND CHARGES OF THE FUND? Payable directly by you: Sales charge Repurchase charge Switching fee Up to 5.00% of the NAV per Unit of the Fund. Sales charge is negotiable due to the different levels of services provided by each authorized distributor and/or the size of the investment undertaken. (the sales charge is payable for every new subscription) Nil Up to 0.50% is imposed on the total switched amount or RM1,000, whichever is lower, on switches made within three (3) months from the date of investment or date of switching into the Fund. Refer to Fees, Charges and Expenses section of Payable indirectly by you: Annual management fee Annual trustee fee 1.50% of the NAV of the Fund per annum There is no double charging of the annual management fee on the Target Fund, as the Fund invests in Class D shares of the Target Fund which does not impose any annual management fee. 0.07% per annum of the NAV of the Fund, subject to a minimum of RM18,000 per annum and a maximum of RM350,000 per annum (excluding foreign custodian fees and charges) 5

6 VALUATION AND EXITING FROM THE FUND HOW OFTEN ARE VALUATIONS AVAILABLE FOR THE FUND? The Fund will be valued at least once every Business Day. The latest Unit prices are published daily on the Manager s website, and one national English newspaper, or you may contact the Manager directly at (603) Refer to Valuation Of The Funds and Transaction Information sections of HOW CAN YOU EXIT FROM THE FUND AND WHAT ARE THE RISKS AND COSTS INVOLVED? You may redeem all or some of the Units held on any Business Day by completing a Transaction Form Sell. Redemption application should be made before the cut-off time of 4.00 p.m. on any Business Day. The Units will be repurchased at the NAV per Unit calculated at the next valuation point (i.e. forward pricing). Refer to Transaction Information section of When the redemption application is received after the cut-off time as stated above, the application will be deemed to have been received on the next Business Day. The Manager shall despatch the redemption proceeds to you within ten (10) calendar days either via E-payment or cheque according to your payment instruction from the date of acceptance of the duly completed transaction form. Assume that the repurchase price is RM Units intended for redemption 10,000 Units Repurchase amount (10,000 Units X RM0.5020) RM 5, Repurchase charge Nil Net amount payable to you RM 5,

7 CONTACT INFORMATION 1) For further information of the Fund, to lodge a complaint or for an internal dispute resolution, you may contact our customer service personnel: (a) via phone to : (603) (b) via fax to : (603) (c) via to : cs@eastspringinvestments.com.my (d) via letter to : Eastspring Investments Berhad Level 12, Menara Prudential No. 10, Jalan Sultan Ismail Kuala Lumpur 2) If you are an individual or a sole proprietor investor and dissatisfied with the outcome of the internal dispute resolution process, please refer your dispute to the Securities Industry Dispute Resolution Center (SIDREC): (a) via phone to : (603) (b) via fax to : (603) (c) via to : info@sidrec.com.my (d) via letter to : Securities Industry Dispute Resolution Center (SIDREC) Unit A-9-1, Level 9, Tower A Menara UOA Bangsar No. 5, Jalan Bangsar Utama Kuala Lumpur 3) You can also direct your complaint to the Securities Commission Malaysia (SC) even if you have initiated a dispute resolution process with SIDREC. To make a complaint, please contact the SC s Investor Affairs & Complaints Department: (a) via phone to the Aduan : (603) Hotline at (b) via fax to : (603) (c) via to : aduan@seccom.com.my (d) via online complaint form available at (e) via letter to : Investor Affairs & Complaints Department Securities Commission Malaysia No. 3 Persiaran Bukit Kiara Bukit Kiara Kuala Lumpur 7

8 APPENDIX: GLOSSARY OF TERMS Business Day Net Asset Value (NAV) of the Fund NAV per Unit Unit(s) Unit Holder(s)/you Means a day (other than Saturdays, Sundays and public holidays) on which Bursa Malaysia is open for trading. Is determined by deducting the value of all the Fund s liabilities from the value of all the Fund s assets, at the valuation point. For the purpose of computing the annual management fee and annual trustee fee, the NAV of the Fund should be inclusive of the management fee and trustee fee for the relevant day. Means the NAV of the Fund divided by the number of units in circulation, at the valuation point. Means an undivided share in the beneficial interest and/or right in the Fund and a measurement of the interest and/or right of a Unit Holder in the Fund and means a Unit of the Fund. Means the person for the time being who is registered pursuant to the Deed as a holder of Units of the Fund. 8