MANULIFE INVESTMENT AL-FAUZAN

Transcription

1 Product Highlights Sheet dated 18 December 2017 MANULIFE INVESTMENT AL-FAUZAN RESPONSIBILITY STATEMENT This Product Highlights Sheet has been reviewed and approved by the directors and/or persons approved by the Board of Manulife Asset Management Services Berhad ( MAMSB ) and they collectively and individually accept full responsibility for the accuracy of the information. Having made all reasonable inquiries, 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 Manulife Investment Al-Fauzan ( the Fund ) and a copy of this Product Highlights Sheet has been lodged with the Securities Commission Malaysia. The authorization of the Fund and lodgment of this Product Highlights Sheet, should not be taken to indicate that the Securities Commission Malaysia recommends the 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 MAMSB, the Manager responsible for the 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 This product highlights sheet only highlights the key features and risks of this Fund. Investors are advised to request, read and understand the prospectus of the Fund before deciding to invest. PRODUCT HIGHLIGHTS SHEET MANULIFE INVESTMENT AL-FAUZAN BRIEF INFORMATION ON THE PRODUCT 1. What is the Fund about? The Fund is an Islamic equity fund that seeks to provide unit holders with a steady recurring income that is potentially higher than the prevailing General Investment Account ( GIA ) rates. At the same time, the Fund also attempts to attain medium- to long-term capital appreciation. Note: Any material change to the Fund s investment objective would require Unit Holders approval. PRODUCT SUITABILITY 2. Who is the Fund suitable for? The Fund is suitable for investors who: prefer a regular income stream with stable investment returns; seek potential capital appreciation over the medium- to long-term; are averse to higher risks associated with high equity exposure but seek relatively higher returns than GIA rates; and seek Shariah-compliant investments. 3. What am I investing in? Fund Category Islamic Equity Fund Type Investment Strategy and Policy Income KEY PRODUCT FEATURES The Fund invests in Shariah-compliant stocks which have good dividend payouts or have the potential to become dividend yielding stocks and reasonable medium- to long-term capital appreciation opportunities. Shariah-compliant stocks with good dividend payouts are those that have been paying consistent dividends over the last 3 to 5 years, and will be able to sustain this trend at least over the next 1 year. In addition, any active and frequent trading strategy will depend on investment opportunities. The Fund may invest up to 25% of its net asset value ( NAV ) in Asia-Pacific markets which include, but not limited to China, Hong Kong, Indonesia, South Korea, the Philippines, Singapore, Taiwan, Thailand and Japan. Asset Allocation Asset Class Allocation (% of the Fund s NAV) Shariah-compliant equities Minimum 70% or lower as part of a temporary defensive strategy Islamic liquid assets Minimum 2% Benchmark Launch Date 6 September 2005 Financial Year End Manulife Investment Islamic Dividend Index comprising of 90% FTSE Bursa Malaysia EMAS Shariah Index + 10% CIMB Bank 12-month Fixed Return Income Account-i (FRIA-i) Fixed Maturity rate. 30 September 4. Who am I investing with? Manager / Fund Manager Trustee Shariah Adviser Manulife Asset Management Services Berhad HSBC (Malaysia) Trustee Berhad IBFIM KEY RISKS 5. What are the key risks associated with this Fund? Specific Stock The Fund s portfolio comprises a spread of different investments, such as different stocks including listed Risk REITs. The performance of individual stock invested can affect the overall NAV of the Fund. Credit and Default Risk Credit and default risk arises when an issuer or counterparty of the sukuk securities/money market instruments/placement of deposits is unable to make timely payments on profit, principals and proceeds from realisation of investments upon maturity. This may lead to a default in the payment of principal and profit and ultimately a reduction in the value of a unit trust fund.

3 Country Risk Regulatory Risk Currency Risk Reclassification of Shariah Status Risk The investment of the Fund may be affected by risks specific to the country in which it invests. Such risks include changes in the country s economic fundamentals, social and political stability, currency movements and foreign investment policies as well as other external factors. This is the risk that any changes in national or economic policies or regulations may have an adverse effect on the capital markets and could consequentially have an impact on the investments of the Fund. This risk is associated with investments of the Fund that are denominated in foreign currencies. Any fluctuation in the exchange rate between Ringgit Malaysia and the currencies in which the investments are denominated may affect the value of these investments. Any gains or losses arising from the fluctuation in the exchange rate may further increase or decrease the returns of the investment. Hedging may be applied to minimise the currency risk. However, unit holders are unable to enjoy upside from any currency appreciation. This is the risk that the currently held Shariah-compliant securities in the portfolio of the Fund may be reclassified to be Shariah non-compliant in the periodic review of the securities by the Shariah Advisory Council of Securities Commission Malaysia, the Shariah Adviser or the Shariah Boards of the relevant Islamic indices. If this occurs, the Manager will take the necessary steps to dispose of such securities. There may be opportunity loss to the Fund due to the Fund not being allowed to retain the excess capital gains derived from the disposal of the Shariah non-compliant equities. The value of the Fund may also be adversely affected in the event of a disposal of Shariah non-compliant equities at a price lower than the investment cost. 6. What are the fees and charges involved? FEES AND CHARGES Charges when buying units of the Fund Sales Charge Agents Manager Distributors Employees Provident Fund ( EPF ) Sales *The charges are negotiable. Maximum Sales Charge on the NAV per Unit of the Fund* Up to 6.50% of NAV per unit of the Fund Up to 3.00% of NAV per unit of the Fund Repurchase Charge Switching Fee Transfer Fee Note: The Fund is currently an Employees Provident Fund Members Investment Scheme ( EPF- MIS ) approved fund. Nil Subject to the conditions on switching as set out in the Master Prospectus. RM3.00 per transfer Fees incurred when investing in the Fund Management fee Up to 1.50% per annum of NAV of the Fund Trustee fee Up to 0.06% per annum of NAV of the Fund All fees and charges payable to the Manager and the Trustee are subject to goods and services tax as may be imposed by the Government of Malaysia from time to time, at the prevailing rate. Minimum initial investment Minimum additional investment RM1, RM Cut-off time 3.00 p.m. for walk-in transactions, 4.00 p.m. for online switching and online payment transactions, and a.m. on a Bursa Malaysia half-day trading day. YOU SHOULD NOT MAKE PAYMENT IN CASH TO A UNIT TRUST CONSULTANT OR ISSUE A CHEQUE IN THE NAME OF A UNIT TRUST CONSULTANT. VALUATION AND EXITING FROM INVESTMENT 7. How often are valuations available? The valuation of the Fund is carried out daily at the end of the business day. The Fund s NAV per unit will be available on the Manager s website: 8. How can I exit from this investment and what are the risks and costs involved? Redeeming an investment Unit Holders may redeem part or all of their investments at any time by completing a Repurchase/Switching Form which is available from 8.45 a.m. to 5.30 p.m. at the office of the Manager and its branches. The redemption proceeds will be paid

4 within ten (10) calendar days from the date on which the request to repurchase is received by the Manager. There is no repurchase charge levied on the repurchase of units. Minimum redemption amount Minimum holding/ balance Cut-off time 500 units 1,000 units 3.00 p.m. on a business day Cooling-off period The cooling-off period is only applicable to any person investing for the first time in any unit trust funds managed by the Manager. Unit Holders have the right, within six (6) business days from the day of the receipt by the Manager of their application form, to call for a withdrawal of their investments. A full refund of the total investments (which includes sales charge) will be refunded to the Unit Holder within 10 calendar days from the receipt of the application for cooling-off by the Manager. In the case of an investment via EPF-MIS, the cooling-off period is subject to EPF s terms and conditions. FUND PERFORMANCE 9. Average Total Return for Financial Year Ended 30 September 2017 Basis of calculation Average Total Return = Annualised Total Return = [(1+ Total return for the period) (Actual no. of days in a year No. of days during the period) 1] x 100% 1-Year 3-Year 5-Year 10-Year Manulife Investment Al-Fauzan Benchmark 3.60 (0.54) Annual Total Return for Financial Year Ended 30 September 2017 Basis of calculation Annual Total Return = (NAV t NAV t-1) NAV t NAV t denotes NAV at the end of the period. NAV t-1 denotes NAV at the beginning of the period Manulife Investment Al-Fauzan (11.82) (1.89) Benchmark (17.02) (2.11) (8.54) For the financial year ended 30 September 2017, the Fund s return increased by 5.27%, compared with its benchmark return of 3.60%. Note: The money market component of the benchmark was changed from 10% Maybank 12-month GIA rate to 10% CIMB Bank 12-month FRIA-i rate effective 30 June This change was effected to better reflect the actual deposit rates. Prior to 1 September 2015, the money market component of the benchmark was 10% 12-month GIA rate PAST PERFORMANCE OF THE FUND IS NOT AN INDICATION OF ITS FUTURE PERFORMANCE. 11. Portfolio Turnover Ratio and Income Distribution per Unit Financial Year End (FYE) Portfolio Turnover Ratio ( PTR ) The PTR for FYE2017 is 0.35 times and was lower than FYE2016 mainly due to decrease in trading activities. Gross distribution per unit (sen) Net distribution per unit (sen) Distribution was in the form of cash or reinvested into additional units in the Fund at the NAV per unit on the distribution date. THIS SECTION IS LEFT BLANK INTENTIONALLY.

5 CONTACT INFORMATION 12. Who should I contact for further information or to lodge a complaint? i) For internal dispute resolution, you may contact us: Manulife Asset Management Services Berhad 13th Floor, Menara Manulife No. 6, Jalan Gelenggang Damansara Heights Kuala Lumpur. Tel: (03) Fax: (03) MY_CustomerService@manulife.com Website: ii) If you are dissatisfied with the outcome of the internal dispute resolution process, please refer your dispute to the Securities Industries Dispute Resolution Corporation (SIDREC): (a) via phone to : (b) via fax to : (c) via to : info@sidrec.com.my (d) via letter to : Securities Industries Dispute Resolution Corporation (SIDREC) Unit A-9-1, Level 9, Tower A Menara UOA Bangsar No. 5, Jalan Bangsar Utama Kuala Lumpur. iii) Even if you have initiated a dispute resolution process with SIDREC, you may also direct your complaint to the SC. To make a complaint, please contact the SC s Consumer & Investor Office: (a) via phone to Aduan Hotline at : (b) via fax to : (c) via to : aduan@seccom.com.my (d) via online complaint form available at (e) via letter to : Consumer & Investor Office Securities Commission Malaysia No. 3, Persiaran Bukit Kiara Bukit Kiara Kuala Lumpur. iv) Federation of Investment Managers Malaysia (FiMM) s Complaints Bureau: (a) via phone to : (b) via fax to : (c) via to : complaints@fimm.com.my (d) via online complaint form available at (e) via letter to : Legal, Secretariat & Regulatory Affairs Federation of Investment Managers Malaysia , 6th Floor, Wisma Tune No. 19, Lorong Dungun Damansara Heights Kuala Lumpur.

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