THIRD SUPPLEMENTARY MASTER PROSPECTUS

Transcription

1 THIRD SUPPLEMENTARY MASTER PROSPECTUS This Third Supplementary Master Prospectus is dated 9 July 2018 ( Third Supplementary Master Prospectus ) Funds and Date Constituted AMANAH SAHAM NASIONAL - 14 April 1981 AMANAH SAHAM BUMIPUTERA - 21 October 1989 AMANAH SAHAM WAWASAN August 1996 ASN EQUITY 2-8 June 1999 (formerly known as Amanah Saham Nasional 2) AMANAH SAHAM MALAYSIA - 13 April 2000 AMANAH SAHAM DIDIK - 14 April 2001 ASN IMBANG (Mixed Asset Balanced) 1-24 September 2001 (formerly known as Amanah Saham Nasional 3 Imbang) ASN Umbrella: The Umbrella Fund for ASN Imbang (Mixed Asset Balanced) 2-11 March 2003 (formerly known as ASG-Pendidikan) ASN Sara (Mixed Asset Conservative) 1-11 March 2003 (formerly known as ASG-Persaraan) and ASN Equity 3-11 March 2003 (formerly known as ASG-Kesihatan) AMANAH SAHAM 1MALAYSIA - 25 June 2009 AMANAH SAHAM BUMIPUTERA 2-26 March 2014 INVESTOR ARE ADVISED TO READ AND UNDERSTAND THE CONTENT OF THIS THIRD SUPPLEMENTARY MASTER PROSPECTUS DATED 9 JULY 2018, WHICH IS TO BE READ TOGETHER WITH THE PRINCIPAL MASTER PROSPECTUS DATED 30 JUNE 2017, THE FIRST SUPPLEMENTARY MASTER PROSPECTUS DATED 15 DECEMBER 2017 AND THE SECOND SUPPLEMENTARY MASTER PROSPECTUS DATED 1 APRIL 2018 WHICH ARE ANNEXED. IF IN DOUBT, PLEASE CONSULT A PROFESSIONAL ADVISER. FOR INFORMATION CONCERNING CERTAIN RISK FACTORS WHICH SHOULD BE CONSIDERED BY PROSPECTIVE INVESTORS, SEE RISK FACTORS COMMENCING ON PAGE OF THE PRINCIPAL MASTER PROSPECTUS DATED 30 JUNE 2017.

2 RESPONSIBILITY STATEMENT This Third Supplementary Master Prospectus has been reviewed and approved by the directors of Amanah Saham Nasional 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, that there are no false or misleading statements, or omission of other facts which would make any statement in this Third Supplementary Master Prospectus false or misleading. STATEMENTS OF DISCLAIMER The Securities Commission Malaysia has authorised the Funds and a copy of this Third Supplementary Master Prospectus has been registered with the Securities Commission Malaysia. The authorisation of the Funds, and registration of the Principal Master Prospectus dated 30 June 2017, the First Supplementary Master Prospectus dated 15 December 2017, the Second Supplementary Master Prospectus dated 1 April 2018, and registration of this Third Supplementary Master Prospectus (collectively referred to as Prospectuses ), should not be taken to indicate that Securities Commission Malaysia recommends the said Funds or assumes responsibility for the correctness of any statement made, opinion expressed or report contained in these Prospectuses. The Securities Commission Malaysia is not liable for any non-disclosure on the part of the management company responsible for the said Funds and takes no responsibility for the contents in these Prospectuses. The Securities Commission Malaysia makes no representation on the accuracy or completeness of these Prospectuses, and expressly disclaims any liability whatsoever arising from, or in reliance upon, the whole or any part of its contents. INVESTORS SHOULD RELY ON THEIR OWN EVALUATION TO ASSESS THE MERITS AND RISKS OF THE INVESTMENT. IF INVESTORS ARE UNABLE TO MAKE THEIR OWN EVALUATION, THEY ARE ADVISED TO CONSULT PROFESSIONAL ADVISERS. Investors should note that they may seek recourse under the Capital Markets and Services Act 2007 for breaches of securities laws including any statement in these Prospectuses that is false, misleading, or from which there is a material omission; or for any misleading or deceptive act in relation to these Prospectuses or the conduct of any other person in relation to the Funds. Page 1 of 10

3 Unless otherwise provided in this Third Supplementary Master Prospectus, all the capitalised terms used herein shall have the same meanings ascribed to them in the Principal Master Prospectus dated 30 June Definitions used in the Principal Master Prospectus to be applicable The expressions and abbreviations used in this Third Supplementary Master Prospectus have, unless repugnant to the context or otherwise provided herein, the same meaning as in the Principal Master Prospectus. ASN Umbrella : Amanah Saham Nasional, the umbrella fund for ASN Equity 3, ASN Imbang (Mixed Asset Balanced) 2 and ASN Sara (Mixed Asset Conservative) 1 ASN Equity 2 : ASN Equity 2 [formerly known as Amanah Saham Nasional 2, ASN 2] ASN Equity 3 : ASN Equity 3 [formerly known as Amanah Saham Kesihatan, ASG-Kesihatan] ASN Imbang 1 : ASN Imbang (Mixed Asset Balanced) 1 [formerly known as Amanah Saham Nasional 3 Imbang, ASN 3] ASN Imbang 2 : ASN Imbang (Mixed Asset Balance) 2 [formerly known as Amanah Saham Pendidikan, ASG-Pendidikan] ASN Sara 1 : ASN Sara (Mixed Asset Conservative) 1 [formerly known as Amanah Saham Persaraan, ASG-Persaraan] FBM 100 : FTSE Bursa Malaysia Kuala Lumpur Top 100 Index. First Supplementary Master Prospectus Second Supplementary Master Prospectus Third Supplementary Master Prospectus : The First Supplementary Master Prospectus dated 15 December 2017 which is to be read together with the Principal Master Prospectus dated 30 June : The Second Supplementary Master Prospectus dated 1 April 2018 which is to be read together with the Principal Master Prospectus dated 30 June 2017 and First Supplementary Master Prospectus. : This Third Supplementary Master Prospectus dated 9 July 2018 which is to be read together with the Principal Master Prospectus, the First Supplementary Master Prospectus and the Second Supplementary Master Prospectus. GST : Goods and Services Tax Principal Master Prospectus : The Master Prospectus dated 30 June 2017 registered with the Securities Commission Malaysia in respect of the Funds. 2. Amendment to Section on page 38 ASB 2 under INFORMATION OF THE FUNDS Section on page 38 of the Principal Master Prospectus under Information of the Funds pertaining to the asset allocation of ASB 2 is deleted in its entirety and substituted with the following: Asset Allocation Strategy The Fund seeks to achieve its objective by investing the following: Up to 90% of its VOF in equities. Up to 50% of its VOF in other asset classes such as variable and fixed income securities. Minimum 5% of its VOF in cash or liquid asset. Page 2 of 10

4 3. Amendment to Section 4.1 on page 45 to 47 CHARGES AND FEES DIRECTLY INCURRED WHEN PURCHASING OR REPURCHASING UNITS OF THE FUNDS under FEES, CHARGES AND EXPENSES a) Note no. 1 under Section 4.1 on page 45 to 47 of the Principal Master prospectus under Fees, Charges and Expenses pertaining to Charges and Fees Directly Incurred When Purchasing or Repurchasing Units of the Funds is deleted in its entirety and substituted with the following: Note: 1) The sales charge fee above shall be subject to GST. Effective from 1 June 2018, any reference to GST throughout the Principal Master Prospectus as amended by the First Supplementary Master Prospectus, the Second Supplementary Master Prospectus and this Third Supplementary Master Prospectus refers to the prescribed rate of GST as may be imposed by the Government from time to time. b) The illustration of the Purchase Price under Section on page 46 of the Principal Master Prospectus is amended in its entirety due to the change of GST rate as follows: Illustration on Purchase Price: Assuming the amount you wish to invest ( Investment amount ): RM10, in ASN. NAV per Unit : RM Sales charge : 5% GST : zero rated (a) Investment amount = RM10,000 (b) Purchase price per unit = NAV per unit + Sales charge of 5% + GST at 0% = RM RM RM0.000 = RM per unit (c) Units issued to you = RM10,000 / RM = 19, units. The rounding up of the NAV per Unit will be up to four decimal places. The total amount paid will be subject to the rounding mechanism. Please note that the example above is for illustrative purposes only. Page 3 of 10

5 c) The illustration for transfer of units under Section on page 46 of the Principal Master Prospectus under Transfer Fee is amended in its entirety due to the change of GST rate as follows: Illustration on transfer of units Information: Fund : ASN Transfer from : Unit Holder A Amount (RM) : 500 NAV (RM) : Transfer to : Unit Holder B Calculation Proceed from Unit Holder A = 500 RM Transfer fee = (15.00) RM GST = (0.00) RM Total fee = (15.00) RM Net proceeds from transfer = RM Units transferred to Unit Holder B = / RM = Units The rounding up of the NAV per Unit will be up for four decimal places. The total amount paid will be subject to the rounding mechanism. Please note that the example above is for illustrative purpose only. d) Amendment to Section on page 47 SWITCHING FEE under FEES, CHARGES AND EXPENSES i. The table in Section on page 47 of the Principal Master Prospectus under Fees, Charges and Expenses pertaining to the Switching Fee is deleted in its entirety due to the change of GST rate and substituted with the following: Switch From Variable Price Funds Fixed Price Funds Switch To Variable Price Funds The difference between sales charge of the Funds switched out, subject to a minimum charge of RM 25 per transaction. Fixed Price Funds NIL NIL ii. The illustration for switching between Funds under Section on page 47 of the Principal Master Prospectus under Switching Fee is amended in its entirety as follows: Page 4 of 10

6 Illustration on switching between Funds: Information: Fund : ASN Amount (RM) : 500 NAV (RM) : Sales Charge : 5.0% Switch to : ASN Equity 2 NAV (RM) (c) : Sales Charge : 5.0% Variance of Sales Charge between Funds: = (5.0% -5.0%= 0.0%) Switching fee : NAV of ASN Equity 2 x variance of sales charge between Funds x Amount Calculation Proceeds from ASN = 500 RM No. of units (a) = RM500/ = units Variance of Sales Charges (b) = 0.00% Switching fee = (a) x (b) x (c) RM = x 0 x RM = 0.00 RM RM25 Total switching fee = (25.00) RM Net proceeds from switch = RM = Unit switched to ASN 2 = / RM = Units The rounding up of the NAV per Unit will be up to for four decimal places. The total amount paid will be subject to the rounding mechanism. Please note that the example above is for illustrative purpose only. e) New insertion on page 47 under FEES, CHARGES AND EXPENSES Note: The Manager will offer the transfer and switching facilities with effect from 15 July Amendment to Section 4.2 on page 47 CHARGES AND FEES INDIRECTLY INCURRED BY UNIT HOLDERS under FEES, CHARGES AND EXPENSES a) The Illustration for the computation of the annual management fee under Section on page 48 of the Principal Master Prospectus under Annual Management Fee is amended in its entirety as follows: Page 5 of 10

7 Illustration on annual management fee: The Manager of ASN Equity 2 is entitled to a fee of 1.0% per annum of the NAV of ASN Equity 2, calculated and accrued daily. The NAV of ASN Equity 2 (before deducting annual management fee and annual Trustee s fee for the day) is RM250,000,000 Daily management fee accrued = 1.0% x NAV 365 = 1.0% x RM250,000, Daily management fee charged = RM6, GST on daily management fee = RM6, X 0.00% = RM0.00 Daily management fee inclusive of GST = Daily management fee charged + GST on daily management fee = RM6, RM0.00 = RM6, The annual management fee will be the cumulative daily management fee for that financial year. The rounding up of the NAV per Unit will be up for four decimal places. The total amount paid will be subject to the rounding mechanism. Please note that the example above is for illustrative purpose only. b) Table of Illustration on annual trustee fee under Section on page 50 of the Principal Master Prospectus under Annual Trustee Fee is amended in its entirety as follows: Page 6 of 10

8 Illustration on annual trustee fee The Trustee of ASN Imbang 2, is entitled to a fee of 450,000 or 0.07% per annum of the NAV of ASN Imbang 2, whichever is lower, calculated and accrued daily. The NAV of ASN Imbang 2 (before deducting annual management fee and annual Trustee s fee for the day) is RM35,000,000 Daily Trustee fee accrued = 0.07% x RM35,000, Daily Trustee fee charged = RM67.12 GST on daily Trustee fee = RM67.12 X 0.00% = RM0.00 Daily Trustee fee inclusive of GST = Daily trustee fee charged + GST on daily Trustee fee = RM RM0.00 = RM67.12 The annual Trustee fee will be the lower of the cumulative daily Trustee fee for that financial year compared to RM450, Please note that the example above is for illustrative purpose only. 5. Amendment to Section 5.5 on page 57 to 60 SINGLE PRICING POLICY FOR ASN, ASN EQUITY 2, ASN IMBANG 1, ASN IMBANG 2, ASN EQUITY 3 AND ASN SARA 1 under PRICING POLICY a) The computation for subscription as per Illustration 1 under Section (a) on page 57 of the Principal Master Prospectus under Single Pricing Policy for ASN, ASN Equity 2, ASN Imbang 1, ASN Imbang 2, ASN Equity 3 and ASN Sara 1 pertaining to Illustration of Single Pricing is amended in its entirety due to the change in the GST rate as follows: Illustration 1 : If you are making an investment Assuming the amount you wish to invest ( Investment amount ): RM10, in ASN. NAV per Unit : RM Sales charge : 5% GST : zero rated (a) Investment amount = RM10,000 (b) Purchase price per unit = NAV per unit + Sales charge of 5% + GST charge of 0% = RM RM RM0.000 = RM per unit (c) Units issued to you = RM10,000 / RM = 19, units. The rounding up of the NAV per Unit will be up to four decimal places. The total amount paid will be subject to the rounding mechanism. Please note that the example above is for illustrative purposes only. Page 7 of 10

9 b) The computation for Re-Priced NAV as per Illustration 3 under Section (c) on page 59 of the Principal Master Prospectus under Single Pricing Policy for ASN, ASN Equity 2, ASN Imbang 1, ASN Imbang 2, ASN Equity 3 and ASN Sara 1 pertaining to Computation of Investment at Re-Priced NAV is amended in its entirety due to the change of GST rate as follows: Illustration 3:Re-Priced NAV You submit an application to invest RM10,000 in ASN at 2.15 p.m. : Published price for NAV per Unit : RM (rounded for four (4) decimal places) After a mid-day close of business of the Bursa Malaysia, the NAV of ASN has reduced by 7% compared to the NAV at end the previous Business Day. Effectively the Unit price for the afternoon session (after 2.30 p.m.) will be re-priced as follows: NAV of ASN : Re-priced NAV per Unit RM (rounded to 4 decimal places). Your application will only be processed after 2.35 p.m. (The transactions are suspended from 2.15 p.m p.m. to enable the information on new pricing be transmitted to all ASNB branches and agents) and will be re-priced with the new Unit price. You can either cancel or proceed with the application at the new price. If you decide to proceed with the transaction, your cost of purchase will be as follows: Your cost of Purchase: Assuming the amount you wish to invest ( investment amount ) : RM10, in ASN Re-priced NAV per Unit : RM Sales charge : 5% GST : zero rated (a) Investment amount = RM10,000 (b) Purchase price per unit = NAV per Unit + sales charge of 5% + GST of 0% = RM RM RM = RM per unit (c) Units issued to you = RM10,000 / RM = 20, units The rounding up of the NAV per Unit will be up to four decimal point places. The total amount paid will be subject to a rounding mechanism. Please note that the example above is for illustrative purpose only. 6. Amendment to Section 9.2 on page 106 CONFLICT OF INTEREST under RELATED PARTY TRANSACTIONS/CONFLICT OF INTEREST Section 9.2 on page 106 of the Principal Master Prospectus under Related Party Transactions/Conflict of Interest pertaining to Conflict of Interest is deleted in its entirety and substituted with the following: Page 8 of 10

10 The Manager is a unit trust management company. In addition, PNB, the holding company of the Manager, is also the holding company of PHNB, a real estate investment trust management company. In relation to the above: i. The following directors of ASNB are also directors of PHNB namely, Tan Sri Abdul Wahid bin Omar and Dato Abdul Rahman bin Ahmad. ii. The following members of Investment Committees of Funds managed by ASNB are also directors PHNB, namely, Tan Sri Abdul Wahid bin Omar and Dato Abdul Rahman bin Ahmad. iii. The following members of Investment Committees of Funds managed by ASNB are also directors of PNB namely, Tan Sri Abdul Wahid bin Omar, Dato Abdul Rahman bin Ahmad and Tan Sri Dr. Wan Abdul Aziz bin Wan Abdullah. 7. Amendment to Section 9.5 on page 108 DETAIL OF ASNB S SUBSTANTIAL SHAREHOLDERS DIRECT AND INDIRECT INTEREST IN OTHER COOPERATIONS CARRYING ON A SIMILAR BUSINESS under RELATED PARTY TRANSACTIONS/CONFLICT OF INTEREST Section 9.5 on page 108 of the Principal Master Prospectus under Related Party Transactions/Conflict of Interest pertaining to Details of ASNB s substantial shareholders direct and indirect interest in other corporations carrying on a similar business is deleted in its entirety and substituted with the following: PNB has 100% direct equity interest in PHNB. 8. New Insertion to Section 14 on page 126 under LIST OF AGENTS Section 14 on page 126 of the Principal Master Prospectus pertaining to List of Agents is hereby deleted in its entirety and substituted with the following: 1. MALAYAN BANKING BERHAD 2. MAYBANK ISLAMIC BERHAD 3. CIMB BANK BERHAD 4. CIMB ISLAMIC BANK BERHAD* 5. RHB BANK BERHAD 6. RHB ISLAMIC BANK BERHAD* 7. POS MALAYSIA BERHAD 8. BANK SIMPANAN NASIONAL* 9. AFFIN BANK BERHAD* 10. ALLIANCE BANK MALAYSIA BERHAD* 11. AMBANK (M) BERHAD* 12. AMBANK ISLAMIC BERHAD* 13. BANK MUAMALAT MALAYSIA BERHAD* 14. HONG LEONG BANK BERHAD* 15. HONG LEONG ISLAMIK BANK BERHAD* Note:*The services provided by these agents will depend on their IT readiness, and the Funds/services offered may differ from time to time as approved by the Manager. Page 9 of 10

11 9. Principal Master Prospectus to Remain in Full Force Subject to Amendments Subject only to the variations herein contained and such other alterations as may be necessary to make the Principal Master Prospectus, the First Supplementary Master Prospectus and the Second Supplementary Master Prospectus consistent with this Third Supplementary Master Prospectus, the Principal Master Prospectus, the First Supplementary Master Prospectus and the Second Supplementary Master Prospectus shall remain in full force and effect and shall be read and construed and be enforceable as if the terms of this Third Supplementary Master Prospectus was inserted therein by way of addition or substitution as the case may be. 10. Consent The Trustee and Solicitors have given and have not subsequently withdrawn their consent for the issue of this Third Supplementary Master Prospectus. Page 10 of 10