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1 Launch Date 13 January 2016 Manager Pacific Mutual Fund Bhd ( U) a company incorporated in Malaysia under the Companies Act 1965 Trustee MTrustee Berhad ( V) (Formerly known as AmTrustee Berhad) INVESTORS ARE ADVISED TO READ AND UNDERSTAND THE CONTENTS OF THIS INFORMATION MEMORANDUM. IF IN DOUBT, PLEASE CONSULT A PROFESSIONAL ADVISER. FOR INFORMATION CONCERNING CERTAIN RISKS, WHICH SHOULD BE CONSIDERED BY PROSPECTIVE INVESTORS, SEE RISKS COMMENCING ON PAGE 10. THIS INFORMATION MEMORANDUM DATED 28 APRIL 2017 IS ISSUED TO REPLACE THE INFORMATION MEMORANDUM DATED 31 MAY

2 RESPONSIBILITY STATEMENTS This information memorandum has been seen and approved by the directors of Pacific Mutual Fund Bhd ( the Manager ) and they collectively and individually accept full responsibility for the accuracy of all information contained herein and confirm, having made all enquiries which are reasonable in the circumstances, that to the best of their knowledge and belief, there are no other facts omitted which would make any statement herein misleading. STATEMENTS OF DISCLAIMER The Securities Commission Malaysia will not be liable for any non-disclosure on the part of the Manager and takes no responsibility for the contents of the information memorandum, makes no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss howsoever arising from, or in reliance upon the whole or any part of the content of this information memorandum. ADDITIONAL STATEMENTS While it is the duty of the Manager to ensure that all comments given to the media is accurate and true at the time the comments were given, misquotation may still occur either by the media or third parties, which are out of the Manager s control. In such situations, the Manager and its employees hold no responsibility for any claims and liabilities due to the misquotations by the media and/or third parties, and are under no obligation to fulfil any expectation or demand in relation to the misquoted statements. The distribution of this information memorandum and offering, purchase, sale or transfer of units of the Fund in certain jurisdictions may be restricted by law. In these jurisdictions, other than Malaysia, the Manager has not applied to allow distribution of this information memorandum or units of the Fund. Therefore, this information memorandum does not constitute an offer or invitation to purchase units of the Fund in any jurisdiction in which such offer or invitation would be unlawful. i

3 TABLE OF CONTENTS Responsibility Statements... i Table Of Contents.. ii Corporate Directory 1 Definitions. 2 Key Information Of The Fund Risks Risks Associated To The Fund 10 Risk Management Strategies And Techniques 10 Transaction Information. 11 Pricing Policies 11 Minimum Initial Investment 11 Minimum Additional Investment 11 Purchase 12 Redemption 13 Periodic Reporting To Investors 13 Policies And Procedures To Prevent Money Laundering Activities 13 Prudential Control 13 All About The Manager Pacific Mutual Fund Bhd Our Shareholders 14 Our Core Business 14 Our Key Investment Team Members 14 Trustee Of The Fund, Its Duties And Responsibilities MTrustee Berhad ( V) (Formerly known as AmTrustee Berhad) 16 The Trustee s Responsibilities 16 Trustee s Statement Of Responsibility 16 Shariah Adviser More About BSSB 17 Shariah Investment Guidelines Adopted by BSSB 17 Rights And Liabilities Your Rights As A Unitholder 18 Your Liabilities As A Unitholder 18 Your Limitations And Restrictions As A Unitholder 18 Winding Up Of The Fund 18 Power To Call For A Meeting 18 List Of Pacific Mutual Fund Bhd Offices ii

4 CORPORATE DIRECTORY Manager Pacific Mutual Fund Bhd ( U) Business Office 1001, Level 10, Uptown 1, No. 1 Jalan SS21/58, Damansara Uptown, Petaling Jaya, Selangor Darul Ehsan Tel: Fax: ib.support@pacificmutual.com.my Website: Registered Office 19 th Floor, Menara OCBC, No. 18 Jalan Tun Perak, Kuala Lumpur Tel: ; Manager s Delegate (Internal Audit Function) Boardroom Corporate Services (KL) Sdn Bhd (3775-X) Lot 6.05, Level 6, KPMG Tower, 8 First Avenue, Bandar Utama, Petaling Jaya, Selangor Darul Ehsan, Malaysia Tel: Fax: Website: Board Of Directors Gerard Lee How Cheng (Chairman) James Tan Thian Peng Dato Ahmad Zahudi bin Haji Salleh Ong Eu Jin* Datuk Lee Say Tshin* Teh Chi-cheun Trustee MTrustee Berhad ( V) (Formerly known as AmTrustee Berhad) Registered Office: B-2-9 (2 nd Floor), Pusat Perdagangan Kuchai, No. 2, Jalan 1/127, Off Jalan Kuchai Lama, Kuala Lumpur Business Office: 15 th Floor, Menara AmFIRST, No. 1, Jalan 19/3, Petaling Jaya, Selangor Tel: Fax: Shariah Adviser BIMB Securities Sdn Bhd ( X) 32 nd Floor, Menara Multi-Purpose, Capital Square, No. 8, Jalan Munshi Abdullah, Kuala Lumpur Tel: Fax: Website: Banker OCBC Bank (Malaysia) Berhad ( W) Menara OCBC, No. 18 Jalan Tun Perak, Kuala Lumpur Tel: Audit Committee James Tan Thian Peng (Chairman) Ong Eu Jin** Datuk Lee Say Tshin** Investment Committee Gerard Lee How Cheng (Chairman) James Tan Thian Peng Mej. Jen. (B) Dato Paduka Che Hasni bin Che Ahmad Dato Ahmad Zahudi bin Haji Salleh Ong Eu Jin*** Datuk Lee Say Tshin*** * Independent Directors ** Independent Audit Committee members *** Independent Investment Committee members 1 Corporate Directory

5 DEFINITIONS The meaning of some terms in this information memorandum is explained below: Board of Directors / Independent Directors / Directors business day(s) deed eligible market financial institution Directors of Pacific Mutual Fund Bhd A day (other than Saturdays, Sundays and public holidays) which banks in Kuala Lumpur are open for business. The deed and all supplemental deeds (if any) entered into between the Manager and the Trustee in relation to the Fund. A market that is regulated by a regulatory authority, operates regularly, is open to the public and has adequate liquidity for the purposes of the Fund. If the institution is in Malaysia: (i) licensed bank*; (ii) licensed investment bank*; (iii) licensed Islamic bank # ; or (iv) development financial institutions regulated under the Development Financial Institutions Act Note: * has the same meaning as prescribed under the Financial Services Act 2013 # a bank licensed under the Islamic Financial Services Act 2013 Fund Funds GST information memorandum NAV NAV per unit Pacific Mutual / Company / Manager / we / our SACSC SC Guidelines SC / Securities Commission Shariah Shariah adviser Shariah Adviser Shariah requirements Pacific Islamic Cash Fund For the purpose of this information memorandum, unless the context otherwise requires, Funds mean all funds managed by the Manager. Tax levied on goods and services pursuant to the Goods and Services Tax Act Refers to the information memorandum or supplementary or replacement information memorandum (if any) in relation to the Fund managed by Pacific Mutual. Net asset value (NAV) of the Fund is the total value of the Fund s assets minus its liabilities at a valuation point. In computing the annual management fee and annual trustee fee, the NAV of the Fund should include the management fee and the trustee fee for the relevant day. NAV per unit of the Fund is the NAV divided by the total number of units in circulation, at a particular valuation point. Pacific Mutual Fund Bhd ( U) Shariah Advisory Council of the Securities Commission Malaysia Guidelines on Unlisted Capital Market Products Under the Lodge and Launch Framework issued by the Securities Commission Malaysia as may be amended from time to time. Securities Commission Malaysia Islamic law, originating from the Qur`an (the holy book of Islam), and its practices and explanations rendered by the prophet Muhammad (pbuh) and ijtihad of ulamak (personal effort by qualified Shariah scholars to determine the true ruling of the divine law on matters whose revelations are not explicit). Means a person or a corporation approved and registered by the Securities Commission Malaysia as Shariah adviser under the Registration of Shariah Advisers Guidelines. BIMB Securities Sdn Bhd ( X) Is a phrase or expression which generally means making sure that any human conduct must not involve any elements which are prohibited by the Shariah and that in performing that conduct all the essential elements that make up the conduct must be present and each essential element must meet all the necessary conditions required by the Shariah for that element. 2 Definitions

6 short term / medium term sophisticated investor Short term - one year and below; medium term - above one year to three years. Means any person who comes within any of the categories of investors as set out in Part 1, Schedule 6 and 7 of the Capital Markets and Services Act 2007 ( CMSA ). These would include (but are not limited to) the following: Accredited investors 1. a unit trust scheme, prescribed investment scheme or private retirement scheme; 2. a holder of a Capital Markets Services License; 3. an executive director or a chief executive officer of a holder of a Capital Markets Services License; 4. a closed end fund approved by the Securities Commission; 5. a bank licensee or insurance licensee as defined under the Labuan Financial Services and Securities Act 2010; 6. an Islamic bank licensee or takaful licensee as defined under the Labuan Islamic Financial Services And Securities Act 2010; 7. a licensed institution as defined in the Financial Services Act 2013 or an Islamic bank as defined in the Islamic Financial Services Act 2013; 8. an insurance company registered under the Financial Services Act 2013 or a takaful operator registered under the Islamic Financial Services Act 2013; or 9. Bank Negara Malaysia. High-net worth entities 1. a company that is registered as a trust company under the Trust Companies Act 1949 which has assets under management exceeding RM10 million or its equivalent in foreign currencies; 2. a corporation that is a public company under the Companies Act 1965 which is approved by the Securities Commission to be a trustee under the CMSA and has assets under management exceeding RM10 million or its equivalent in foreign currencies; 3. a corporation with total net assets exceeding RM10 million or its equivalent in foreign currencies based on the last audited accounts; 4. a partnership with total net assets exceeding RM10 million or its equivalent in foreign currencies; 5. a statutory body established by an Act of Parliament or an enactment of any State; or 6. a pension fund approved by the Director General of Inland Revenue under section 150 of the Income Tax Act Trustee unitholder High-net worth individual 1. an individual a. whose total net personal assets, or total net joint assets with his or her spouse, exceeds RM3 million or its equivalent in foreign currencies, excluding the value of the individual s primary residence; b. who has a gross annual income exceeding RM300,000 or its equivalent in foreign currencies per annum in the preceding 12 months; or c. who, jointly with his or her spouse, has a gross annual income exceeding RM400,000 or its equivalent in foreign currencies per annum in the preceding 12 months. MTrustee Berhad ( V) (Formerly known as AmTrustee Berhad) The person for the time being who is registered pursuant to the deed as a holder of units, including a jointholder. 3 Definitions

7 KEY INFORMATION OF THE FUND Management Company: PACIFIC MUTUAL FUND BHD ( U) This section contains the salient information about the Fund. Investors should read and understand the whole information memorandum before making any investment decisions. FUND INFORMATION FUND NAME Pacific Islamic Cash Fund FUND PROFILE Fund Category Fund Type Characteristic Islamic money market (wholesale) Income Conservative BASE CURRENCY Ringgit Malaysia (MYR) INITIAL OFFER PRICE RM INITIAL OFFER PERIOD 13 January 2016 (one day) FINANCIAL YEAR END 31 December INVESTMENT OBJECTIVE The Fund aims to provide income, liquidity and stability of capital by investing in a portfolio of Islamic deposits. INVESTMENT STRATEGY The Fund will invest in placements of Islamic deposits with licensed financial institutions with maturities of not more than one year. ASSET ALLOCATION Islamic deposits with maturity of not more than one year: Up to 100% of the Fund s NAV PRINCIPAL RISKS ASSOCIATED TO THE FUND Please refer to page 10. Early termination of money market placements risk Reinvestment risk Inflation or purchasing power risk Credit risk Income is in reference to the Fund s distribution, which will be in the form of cash or units. 4 Key Information Of The Fund

8 FUND INFORMATION (Continuation) PERFORMANCE BENCHMARK Maybank Islamic Overnight Deposit Rate INVESTOR PROFILE The Fund is suitable primarily for risk averse investors who are generally conservative and seeking regular income from short-term deposits that complies with the Shariah requirements. It may be suitable for investors seeking capital stability with a high degree of liquidity. PERMITTED INVESTMENTS Unless otherwise prohibited by the relevant authorities or any relevant law and provided always that there are no inconsistencies with the objective of the Fund, the Fund is permitted under the deed to invest in Shariah-compliant liquid assets namely Islamic deposits with licensed financial institutions, capable of being converted into cash within such time pursuant to the requirement under the relevant laws. INVESTMENT RESTRICTION The purchase of investments shall be subject to the following restriction: The Fund s placements in Islamic deposits with licensed financial institutions shall be up to 100% of the Fund s NAV and carry maturities of not more than one year. BASES OF VALUATION OF THE FUND S INVESTMENTS All assets of the Fund will be valued in a fair and accurate manner at all times. The Fund s investments in Islamic deposits placed with licensed financial institutions are valued daily by reference to their nominal values and accrued interest thereon. Income is in reference to the Fund s distribution, which will be in the form of cash or units. 5 Key Information Of The Fund

9 FEES AND CHARGES RELATED TO THE FUND The table below describes the fees and charges that you may DIRECTLY incur when you invest in or redeem units of the Fund. Please note that normal banking charges are applicable to the investors. MAXIMUM SALES CHARGE There is no sales charge imposed on unitholders of the Fund. REDEMPTION CHARGE There is no redemption charge imposed on unitholders of the Fund. SWITCHING FEE There is no switching facility available for the Fund. TRANSFER FEE There is no transfer fee imposed on unitholders of the Fund. The table below describes the fees and expenses that you may INDIRECTLY incur when you invest in the Fund. ANNUAL MANAGEMENT FEE The annual management fee is a fee charged for the ongoing portfolio management and administration of the Fund (e.g. to maintain unitholders' register, proper records of the Fund and to administer the investments). The annual management fee for the Fund is up to 0.25% per annum of the NAV of the Fund. The annual management fee is calculated based on the NAV of the Fund, accrued on a daily basis and is paid out of the Fund. The annual management fee is payable on a monthly basis. The annual management fee quoted is subject to any applicable taxes (including but not limited to GST) and/or duties as may be imposed by the government or other authorities from time to time. ANNUAL TRUSTEE FEE The annual trustee fee is a fee paid to the Trustee for the administration of the Fund's assets (e.g. transaction settlement and administration costs). The annual trustee fee for the Fund is up to 0.02% per annum of the NAV of the Fund. The annual trustee fee is calculated based on the NAV of the Fund at the Fund's annual trustee fee rate, calculated and accrued on a daily basis and is paid out of the Fund. The annual trustee fee is payable on a monthly basis. The annual trustee fee quoted is subject to any applicable taxes (including but not limited to GST) and/or duties as may be imposed by the government or other authorities from time to time. 6 Key Information Of The Fund

10 FEES AND CHARGES RELATED TO THE FUND (Continuation) OTHER EXPENSES Expenses directly related to the Fund are management fee, trustee fee and other administrative expenses (e.g. auditor's fee, courier and handling charges, etc). The total annual expenses of the Fund are expressed as a percentage of the average net asset value of the Fund for a financial year/period calculated on a daily basis. Other expenses, which are directly related and necessary to the business of the Fund, may be charged to the Fund. These will include (but are not limited to) the following: fees and other expenses properly incurred by the auditor and tax agent; taxes, including but not limited to GST, and other duties charged on the Fund by the government and other authorities; printing and postage expenses; and any other legitimate administration expenses or relevant professional fees approved by the Trustee. There are fees and charges involved and investors are advised to consider them before investing in the Fund. All fees and charges payable to the Manager and/or the Trustee are subject to any applicable taxes (including but not limited to GST) and/or duties as may be imposed by the government or other authorities from time to time. 7 Key Information Of The Fund

11 TRANSACTION INFORMATION MINIMUM INITIAL AND ADDITIONAL INVESTMENT Cash Plan You may invest by cash on a lump sum basis. The initial and additional investment must be a minimum of RM10,000 and RM1,000 respectively. The Manager has the discretion to accept a lower amount than that disclosed in the information memorandum as the Manager deems fit. MINIMUM REDEMPTION AMOUNT There is no minimum redemption amount. MINIMUM HOLDING AND REDEMPTION OF UNITS Please refer to page 13. You can withdraw or redeem all or part of your units in the Fund, in writing, at any time provided the minimum number of units left in an account after the partial withdrawal is 500 units. If units in your account are less than the minimum holding after the redemption application is made, all units in your account will be redeemed automatically. SWITCHING FACILITY There is no switching facility available for the Fund. TRANSFER FACILITY Transfer facility is available for the Fund, free of charge. The transferee must be a sophisticated investor and provide the necessary declaration. The transfer form must be completed in the presence of a witness. For partial transfer, the minimum balance to be maintained in your unit trust account must be 500 units. 8 Key Information Of The Fund

12 OTHER INFORMATION INCOME DISTRIBUTION AND REINVESTMENT POLICY Distribution of income, if any, at least on a monthly basis. Distribution of income is in the form of cash or units. When there are bear markets or economic downturns, realised capital losses may outweigh realised gains and profit sharing income received and thus result in no income distributions being possible. You may opt for income distributions to be paid out to you directly in cash by way of a distribution cheque or transfer to your bank account. In the absence of written instructions to the contrary, distributions declared by the Fund will be automatically reinvested into additional units of the Fund based on the NAV per unit of the Fund on the next business day after the declaration of distributions at no cost. Distribution amounting to less than or equal to the amount of RM200 will be automatically reinvested on the next business day. Similarly, distribution cheques that are returned through mail will be reinvested based on the Fund s NAV per unit on the date Pacific Mutual receives the returned mail. Income distributions are not guaranteed and may not be repeated. Distributions of income will only be made from realised gains or realised income derived from the investments of the Fund. DEED(S) OF THE FUND Principal Deed: 5 January 2016 First Supplemental Deed: 29 August 2016 Second Supplemental Deed: 22 March 2017 Third Supplemental Deed: 12 April 2017 AVENUE FOR ADVICE You may contact our client relations personnel or any of our branches as listed on page 19. For information concerning certain risk factors, which should be considered by prospective investors, see Risks on page 10. Unit prices and distributions payable, if any, may go down as well as up. 9 Key Information Of The Fund

13 RISKS RISKS ASSOCIATED TO THE FUND Early termination of money market placements risk This is the risk of the Fund having to terminate/withdraw from placements in Islamic deposits before the maturity date of the respective placements due to redemptions from the Fund. As a result of the premature termination of placements, there will be a loss of a percentage or even all of the profits accumulated during the period of holding of the Islamic deposits, resulting in loss of income to the Fund. To mitigate this risk, the Manager anticipates the potential percentage of the Fund that may experience redemptions and allocates maturities accordingly. For example, the Manager may ensure that there are sufficient tranches of Islamic deposits maturing weekly to meet any potential redemptions from the Fund. Reinvestment risk This is a risk that future proceeds (profit and/or capital) are reinvested at a lower profit rate. Reinvestment risk is especially evident during periods of falling rates where the profit payments (from existing placements) are reinvested at less than the profit rate at the time of purchase. To mitigate this risk, the Manager would seek to place Islamic deposits with licensed financial institutions offering competitive profit rates. Inflation or purchasing power risk This risk refers to the effect of inflation or loss of purchasing power on the value of investment returns and the worth of the investment itself. Investors returns from the Fund may not keep pace with inflation and hence reduce their purchasing power. Credit risk This risk refers to changes in the financial conditions of licensed financial institutions, which may affect their credit worthiness. This in turn may lead to default in the repayment/payment of principal and profit. These events can lead to loss of capital and/or delayed or reduced income for the Fund, resulting in a reduction in the Fund's asset value and thus unit price. This risk is mitigated by active credit analyses and diversification in placement of Islamic deposits with various licensed financial institutions. RISK MANAGEMENT STRATEGIES AND TECHNIQUES Our risk management strategy is to conduct fundamental analysis of economic, political and social factors, on a local and global basis, to evaluate their likely effects on the performance of money markets and other investments. For Pacific Islamic Cash Fund, risk is controlled by diversification across licensed financial institutions and diversification of maturity profiles across placement of deposits. Further consideration is given to the structure of the deposit placements to ensure it is fully in compliance with Shariah requirements. The following investment procedures and internal controls are designed to control operational risk* for the Pacific Islamic Cash Fund: There is strict division of duties between securities trading, confirmation, settlement and valuation; There are rules on trading and preventing employees to act on insider information. The Legal & Compliance Department will monitor compliance and enforce disciplinary actions on any employee who has breached the code of conduct and compliance manual; There is daily computation of the respective Fund s NAV and independent verification and reconciliation; There are procedures for senior management, Trustees, Investment Committee and the Board of Directors to be informed promptly, to investigate and to ensure timely and appropriate rectification of any deviation and non-compliance that may arise; and There are limits to the placement maintained at licensed financial institutions to manage credit risk exposure. * Operational risk refers to the internal risk associated with inadequate systems and controls. 10 Risks

14 TRANSACTION INFORMATION PRICING POLICIES The buying and selling price of units is quoted based on a single price i.e. the NAV per unit of the Fund. All other transactions charges, if any, will be expressed separately from the price of a unit. Valuation Of NAV The valuation of NAV for the Fund will be conducted at the end of each business day after the close of business of Bursa Malaysia. The daily unit price of the Fund will be published on the next business day. Valuation Of Units Valuation of units is based on the NAV of the Fund and is calculated at the end of every business day. The NAV per unit of the Fund is determined by dividing the Fund s assets less its liabilities by the number of units in circulation. After the offer period, the price of a unit of the Fund is calculated based on the NAV per unit of the Fund as at the next valuation point after we receive the original application ("forward pricing"). The NAV per unit may be rounded to four decimal places. An incorrect valuation and/or pricing of the Fund shall be considered of minimal significance if the error involves a discrepancy of less than 0.5% of the NAV per unit of the Fund. Any pricing discrepancy of 0.5% or more of the NAV per unit of the Fund will be rectified as stated in the Fund s deed unless the total impact of the discrepancy on an individual account is less than RM10.00 as the transaction cost may be more than the amount adjusted. If we receive your duly completed and accepted original application form to purchase the Fund by the cut-off time of 3:00 p.m. on any business day, the NAV per unit will be calculated based on the NAV per unit at the end of that business day. For redemption, if we receive your duly completed and accepted original application form to redeem the Fund by the cut-off time of 12:00 p.m. on any business day, the NAV per unit will be calculated based on the NAV per unit at the end of that business day. Any application form (original copy) received after this cut-off time will be considered as being transacted on the next business day and will be subjected to the NAV per unit of the Fund on the next business day. MINIMUM INITIAL INVESTMENT To invest, simply complete our account application form, investment form and declaration form, and forward them to any Pacific Mutual offices, the details of which can be found on page 19. Fund Pacific Islamic Cash Fund Cash Plan Lump Sum Cash RM10,000 minimum initial investment. The Manager has the discretion to accept a lower amount than that disclosed in the information memorandum as the Manager deems fit. MINIMUM ADDITIONAL INVESTMENT If you are already a unitholder of our Fund and wish to purchase additional units, please complete our investment form, indicating your existing unit trust account number. In the event, a new account application form is received by us for the purchase of additional units, we may at our discretion credit the additional units appropriately into your existing account of the Fund. The following are the minimum additional investments for the Fund: Fund Pacific Islamic Cash Fund Cash Plan Lump Sum Cash RM1,000 minimum additional investment. The Manager has the discretion to accept a lower amount than that disclosed in the information memorandum as the Manager deems fit. 11 Transaction Information

15 PURCHASE The Price Of A Unit During Initial Offer Period During the initial offer period, the initial offer price per unit will be RM for the Fund. Example: NAV per unit Sales charge RM Nil If you make a payment of RM10,000.00, the amount to be invested in the Fund, and the sales charge to be paid by you are calculated as follows: Total amount invested = RM10, Total sales charge (0.00%) incurred = RM0.00 (0.00% x RM10,000.00) Total amount to be paid by you = RM10, Units issued to you = RM10,000/RM = 10,000 units Note to the example: There is no sales charge imposed by the Fund. Hence, GST is not applicable. After Initial Offer Period The price of each unit is calculated based on the NAV per unit of the Fund as at the next valuation point after the original application form and payment is received by the Manager ("forward pricing"). Example: NAV per unit Sales charge RM Nil Assuming the NAV per unit on a business day is RM and if you make a payment of RM10,000.00, the amount to be invested in the Fund and, the sales charge to be paid by you are calculated as follows: Total amount invested = RM10, Total sales charge (0.00%) incurred = RM0.00 (0.00% x RM10,000.00) Total amount to be paid by you = RM10, Units issued to you = RM10,000.00/RM = 9, units Note to the example: There is no sales charge imposed by the Fund. Hence, the GST is not applicable. Purchase Of Unit Procedure Your purchase application for units and payment (subject to funds clearance) must reach Pacific Mutual s head office or its branches by 3:00 p.m. on any business day. Any duly completed and accepted original application form and payment (subject to funds clearance) received after this cut-off time is considered as being transacted on the next business day. In addition to the submission of the above form, you may be required to forward to us additional documents to authenticate your identification when transacting units of the Fund. We may for any reason at any time, waive existing procedures, and/or prescribe applications for units in any other form or manner whether for all/any particular investor, at our discretion. Investors are advised NOT to make payment in cash when purchasing units of the Fund. 12 Transaction Information

16 REDEMPTION The Price Of A Unit At NAV per unit. Frequency Of Redemption No restrictions. Redemption Of Unit Procedure Upon receipt of the duly completed and accepted original transaction form, which must reach Pacific Mutual s head office or its branches by 12:00 p.m. on any business day, we will repurchase the units at the Fund s NAV per unit calculated at the end of that business day. Payment will be made to you on the next business day. Any duly completed and accepted original transaction form received by Pacific Mutual s head office or its branches after 12:00 p.m. on any business day will be considered as being transacted on the next business day, payment will be made to you within two (2) business days from the date of receipt of the transaction form. We will repurchase the units at the Fund s NAV per unit calculated at the end of the next business day. However, if the total redemption amount for that day exceeds 50% of the Fund s NAV, Pacific Mutual reserves the right to pay the redemption proceeds to the unitholders within 10 days from the day the redemption request is received by the Manager. Pacific Mutual will not be held responsible for any loss/delay in the event of: 1) Real Time Electronic Transfer of Funds and Securities (RENTAS) experiencing problems; 2) Inaccurate details e.g. identity card number, account number, etc. furnished by you; and 3) Situations beyond the control of Pacific Mutual or the Trustee. There is no minimum redemption amount for the Fund. For partial redemption, the minimum balance to be maintained in your unit trust account must be 500 units or such sum as may be decided by the Trustee and the Manager from time to time. If units in your account are less than the minimum holding after the redemption application is made, all units in your account will be redeemed automatically. PERIODIC REPORTING TO INVESTORS Unitholders of the Fund will receive monthly statement of account, which will provide the unitholders with the latest update of their investment account. Unitholders will also receive quarterly and annual reports, containing information in relation to the Fund s investment strategies, outlook, performance portfolio holdings, key risk factors and accounts. These reports will be sent to the unitholders within two months from the close of the quarter period and from the financial year end of the Fund respectively. You are advised to keep abreast of the developments of the Fund. POLICIES AND PROCEDURES TO PREVENT MONEY LAUNDERING ACTIVITIES We have policies and procedures in place to comply with the legislation in force in Malaysia to prevent money laundering activities. In order to implement these procedures, investors will be required to provide detailed verification of identity including but not limited to proof of identity, residential or registered address, occupation or business, funds or source of income when buying or redeeming units and to periodically update their records. Until satisfactory evidence has been received, we reserve the right to refuse or accept the application form from investors to buy or redeem units or to pay the proceeds of the redemption of units. We may delay or refuse any application without giving any reason for doing so where this is in accordance with our anti-money laundering obligations. We also reserve the right to request additional information including the identity of any beneficial owners as may be required to support the verification of information and to allow us to carry out due diligence exercise on the investors in compliance with the relevant legislation. Any suspicious transaction will be reported to the relevant authority. PRUDENTIAL CONTROL The Legal & Compliance department is responsible for compliance matters and liaises with the Securities Commission to ensure that all laws, regulations, code of conduct and prudential limits are followed. The Head of Legal & Compliance is the designated person responsible for compliance and reports to the Board of Directors on compliance matters. In the event that the Head of Legal & Compliance is absent, or has resigned, the next-person-in-line will be the designated person responsible for compliance matters until such position is filled. 13 Transaction Information

17 ALL ABOUT THE MANAGER PACIFIC MUTUAL FUND BHD OUR SHAREHOLDERS Lion Global Investors Limited (formerly known as Lion Capital Management Limited) owns 70% equity interest in the share capital of Pacific Mutual and Koperasi Angkatan Tentera Malaysia Berhad owns the remaining 30%. Lion Global Investors Limited is a company incorporated in Singapore since 1986, and is a member of the Singapore OCBC Group of Companies. The ultimate holding company of Pacific Mutual is Oversea-Chinese Banking Corporation Limited, a public listed company incorporated in Singapore. OUR CORE BUSINESS The principal activities of Pacific Mutual are the establishment and management of unit trust funds as well as the management of private investment mandates. We obtained our Capital Markets And Services Licence from the Securities Commission since 21 December Pacific Mutual was incorporated on 15 March 1995 under the Companies Act 1965 with an authorised and paid-up capital of RM5 million divided into 5 million ordinary shares of RM1.00 each. Pacific Mutual s registered office is at 19 th Floor, Menara OCBC, 18 Jalan Tun Perak, Kuala Lumpur. OUR KEY INVESTMENT TEAM MEMBERS We take a team approach to the investment process and hold investment meetings on a daily basis. The decision-making process involves input from the entire team, with each team member (inclusive of analysts) contributing their respective expertise and views to yield fully informed conclusions. Our Investment Committee, whose responsibility is to ensure adherence to investment guidelines, both internal and external, as well as to assess strategy and implementation effectiveness, oversees the entire investment function. The following are the key members of the investment team and all of them hold the Capital Markets And Services Representative s Licence issued by the Securities Commission: Name: Position: Experience/Qualifications: Teh Chi-cheun Chief Executive Officer and Executive Director Chi-cheun started his career in the mid-1990s, in corporate finance before moving to the stockbroking industry in both Singapore and Malaysia, and subsequently into investment management. His investment and fund management experience extends globally as he managed developed market funds when he was with the fund management division of a Singapore government owned entity. Additionally, he also managed portfolios while with an investment outfit based in Canada. Upon his return to Malaysia in 2006, he joined Pacific Mutual as the Assistant General Manager of the Investment department, and was promoted to the Head of Equities one-and-a-half years later. He left Pacific Mutual in 2011 to head the entire stockbroking division of an investment bank. A year later, he joined a leading foreign insurance player in Malaysia as the head of investments (director). On 15 July 2015, he rejoined Pacific Mutual and is now its Chief Executive Officer and Executive Director. He oversees the overall management and direction of the Company and its Funds. Bachelor of Science (Honours) in Accounting and Financial Analysis (University of Warwick, England); CFA charterholder (CFA Institute). 14 All About The Manager Pacific Mutual Fund Bhd

18 Name: Position: Experience/Qualifications: Name: Position: Experience/Qualifications: Tan Yee Cheng Head of Equities, Investment She has over 22 years of experience in investment research and fund management. Prior to joining Pacific Mutual in May 2007 as Senior Manager, Investment, she was an investment manager in an Americanbased insurance company. She had earlier worked as a senior analyst and a research manager at two local stockbroking firms and headed the investment research of a local unit trust company. Master of Science in Economics (University of Idaho, USA); CFA charterholder (CFA Institute). Oh Jo Ann Senior Manager, Investment She is responsible for the management of fixed income portfolios and execution of fixed income transactions. She conducts analysis of individual fixed income securities and selection of those securities for inclusion into the portfolios. Her analysis of the domestic macro backdrop forms the basis for the overall fixed income investment strategy. She started her investment career with Pacific Mutual in January 2003 as an equities analyst before moving on to working full time on the fixed income portfolio in She has over 14 years of experience in fixed income investment research and fund management and has handled both Shariah and non- Shariah-compliant fixed income portfolios. Bachelor of Management (Honours) in Finance (Universiti Sains Malaysia); CFA charterholder (CFA Institute). She is the designated person responsible for the investment management of the Pacific Islamic Cash Fund. Please refer to Pacific Mutual s website at for the updated profile of our key investment team members. 15 All About The Manager Pacific Mutual Fund Bhd

19 TRUSTEE OF THE FUND, ITS DUTIES AND RESPONSIBILITIES MTRUSTEE BERHAD ( V) (Formerly known as AmTrustee Berhad) Corporate Information MTrustee Berhad was incorporated on 28 July 1987 and registered as a trust company under the Trust Companies Act, 1949 and having its registered office at B-2-9 (2 nd Floor), Pusat Perdagangan Kuchai, No. 2, Jalan 1/127, Off Jalan Kuchai Lama, Kuala Lumpur. MTrustee Berhad is qualified to act as a trustee for collective investment schemes approved under the Capital Markets and Services Act Experience As Trustee To Unit Trust Funds MTrustee Berhad has been involved in unit trust industry as trustee since It acts as Trustee to various unit trust funds and real estate investment trust funds. THE TRUSTEE'S RESPONSIBILITIES The Trustee has agreed willingly to assume all its obligations under the deed and all written laws and SC Guidelines which cover the following: Take into custody the investments of the Fund and hold the investments in trust for the unitholders. Ensure that the Manager operates and administers the Fund in accordance with the provisions of the deed, SC Guidelines and acceptable business practice within the unit trust industry. As soon as practicable notify the Securities Commission of any irregularity or breach of the provisions of the deed, SC Guidelines and any other matters which in the Trustee's opinions may indicate that the interests of Unitholders are not served. Exercise reasonable diligence in carrying out their functions and duties, in actively monitoring the operation and management of the Fund by the Manager to safeguard the interests of unitholders. Maintain, or cause the Manager to maintain, proper accounting records and other records as are necessary to enable a complete and accurate view of the Fund to be formed and to ensure that the Fund is operated and managed in accordance with the deed of the Fund, information memorandum, the SC Guidelines and securities law. Require that the accounts be audited at least annually. TRUSTEE'S STATEMENT OF RESPONSIBILITY MTrustee Berhad is willing to assume the position and all obligations that come with it under the deed, all relevant written laws and rules of laws. 16 Trustee Of The Fund, Its Duties And Responsibilities

20 SHARIAH ADVISER The Shariah Adviser for Pacific Islamic Cash Fund is BIMB Securities Sdn Bhd (BSSB). Its role, power and duties are as follow: Ensure that the Shariah-compliant Fund is managed and administered in accordance with the Shariah principles and to hold quarterly meetings (maximum of 12 meetings a year) with the Manager in respect of the same or such other matters affecting the Fund. Provide expertise and guidance for the Shariah-compliant Fund in all matters relating to the Shariah principles, including the Shariah-compliant Fund s deed and prospectus, their structures and investments process, and other operational and administrative matters. Consult the Securities Commission who may consult the SACSC where there is any ambiguity or uncertainty as to an investment, instrument, system, procedure and/or process. Ensure that the Shariah-compliant Fund comply, with any applicable guideline, ruling or decision issued by the Securities Commission from the Shariah aspect. Responsible for scrutinising the Shariah-compliant Fund's compliance report on a monthly basis as provided by the compliance officer and transaction report of the Fund s property provided by or duly approved by the Trustee to ensure that the Shariah-compliant Fund's investments are in line with Shariah principles. Prepare a report to be included in the Shariah-compliant Fund's quarterly and annual reports certifying that the Shariah-compliant Fund has been managed and administered in accordance with Shariah principles. Vet and advise on the promotional materials of the Shariah-compliant Fund. Assist and attend to any ad-hoc meeting called by the Securities Commission and/or any other relevant authority. MORE ABOUT BSSB BSSB, a stockbroking subsidiary of BIMB Holdings Bhd, was incorporated on 21 February BSSB was set up to pioneer the development of the Islamic financial system in the capital market. Its mission is to offer facilities and services in the securities industry which are in compliance with Shariah to the Muslims and Non-Muslims in Malaysia and elsewhere. The company strives to enhance its efforts in contributing to the success of the nation s target to become a regional and international centre of Islamic finance. BSSB has been offering Shariah services to its clients and it was registered with the Securities Commission to act as a Shariah adviser for Shariahcompliant collective investment schemes since Profile Of Designated Shariah Person: Ir. Dr. Muhamad Fuad bin Abdullah (Dr. Muhamad Fuad), the designated person in-charge of all Shariah matters in BIMB Securities Sdn Bhd (BIMBSEC) is also a member of the Shariah Advisory Committee of BIMBSEC effective 1 June He graduated with a Bachelor of Science Degree in Electrical Engineering in 1977 and a Master of Philosophy Degree in Electrical Engineering in 1982 from the University of Southampton, England. He also obtained a Bachelor of Arts (Jayyid) in Shariah from the University of Jordan in 1994 and a Doctor of Philosophy in Muslim Civilization from the University of Aberdeen, Scotland in Dr. Muhamad Fuad is the designated person in-charge of Pacific Islamic Cash Fund. Please refer to our website at for further information on the Shariah Adviser. SHARIAH INVESTMENT GUIDELINES ADOPTED BY BSSB The following guidelines are adopted by BSSB in determining the Shariah status of the Pacific Islamic Cash Fund: The Fund must at all times and all stages of its operation comply with Shariah principles. The Fund must be raised, operated, and finally redeemed by the investor on the basis of the contracts which are acceptable in Shariah. The banking facilities and short-term money market instruments used for the Fund have to be those which comply with Shariah principles. Similarly all the fixed-income and variableincome instruments, etc. must be those which are Shariah-compliant. For Islamic money market instruments based on the list readily available at Bank Negara Malaysia websites. The Shariah Adviser confirms that the investment portfolios of the Fund comprise instruments which have been classified as Shariah-compliant by the Shariah Advisory Council of Bank Negara Malaysia ( SACBNM ) and, where applicable the SACSC. 17 Shariah Adviser

21 RIGHTS AND LIABILITIES YOUR RIGHTS AS A UNITHOLDER Your units in a Fund give you an equal interest in the Fund as a whole. Under the deed, each unitholder will receive a sum proportionate to his or her unitholdings upon termination of the Fund. In a distribution of income, if any, we will recognise unitholders who are registered as at the date the distribution of income is declared. You have the right, amongst others, to the following: To receive any distribution of income of the Fund, to participate in any increase in capital value of the units and to all rights and privileges under the Fund's deed; To receive annual reports, quarterly reports and monthly statement of accounts; and To call for a meeting of unitholders (as set out below) and to vote for the removal of the Trustee or the Manager by way of a special resolution. You are entitled to attend meetings which the Trustee or the Manager may convene at any time in accordance with the provisions of the deed. Meetings of unitholders may be called in certain circumstances, including approving certain amendments to the deed or winding-up the Fund. The Trustee or the Manager may call a meeting of unitholders, or you can also request the Manager to call a meeting of unitholders. YOUR LIABILITIES AS A UNITHOLDER You are not expected to be under any personal obligation to indemnify the Trustee or Manager of the Fund if the liabilities incurred by the Trustee and/or Manager on behalf of the Fund exceed the value of the assets of the Fund. Your liabilities are limited only to the purchase price of your units (at the time of purchase) plus any related charges for the purchase of the units. The Trustee shall be indemnified out of the Fund against all losses or expenses incurred by the Trustee in performing any of its duties or exercising any of its power under this deed in relation to the Fund. The right to indemnity shall not extend to loss occasioned by breach of trust, wilful default, negligence, fraud or failure to show the degree of care and diligence required of the Trustee having regard to the provisions of the deed. YOUR LIMITATIONS AND RESTRICTIONS AS A UNITHOLDER No unitholder shall be entitled to require the transfer to him or her of any of the investments or assets of the Fund or be entitled to interfere with or question the exercise by the Trustee, or the Manager on its behalf, of the rights of the Trustee as the registered owner of such investment and assets. No unitholder, other than the Manager, shall have any right by reason of his being a unitholder to attend any meeting of shareholders, stockholders or debenture holders or to vote or take part in or consent to any company or action of shareholders, stockholders or debenture holders. WINDING UP OF THE FUND Pursuant to the deed, the Fund may be terminated as proposed by the Manager with the consent of the Trustee (whose consent shall not be unreasonably withheld) by giving not less than three (3) months notice in writing to the unitholders as hereinafter provided: i) if any law shall be passed which renders it illegal or in the opinion of the Manager impracticable or inadvisable to continue the Fund; or ii) if in the reasonable opinion of that Manager, it is impracticable or inadvisable to continue this Fund. The Fund shall also be terminated by the Manager if a special resolution is passed at a meeting of unitholders to terminate or wind up the Fund. POWER TO CALL FOR A MEETING Unitholders may apply to the Manager to summon a meeting of unitholders for any purpose including, without limitation, for purposes of: Requiring the retirement or removal of the Manager; Requiring the retirement or removal of the Trustee; Considering the most recent financial statements of a Fund; Giving to the Trustee such directions as the meeting thinks proper; or Considering any matter in relation to the deed. However, the Manager shall not be obliged to summon such a meeting unless direction has been received from not less than fifty (50) or one-tenth (1/10) of all the unitholders and the application has been made in accordance with the provisions of the deed. 18 Rights And Liabilities