THIS IS A SUPPLEMENTAL PROSPECTUS WHICH HAS TO BE READ IN CONJUNCTION WITH THE PROSPECTUS DATED 8 DECEMBER 2014 IN RESPECT OF THE AFFIN HWANG SELECT ASIA PACIFIC (EX JAPAN) DIVIDEND FUND. SUPPLEMENTAL PROSPECTUS IN RESPECT OF AFFIN HWANG SELECT ASIA PACIFIC (EX JAPAN) DIVIDEND FUND (hereinafter referred to as the Fund ) Date of Constitution: 8 th December 2014 This supplemental prospectus is dated 8 th December 2014 ( Supplemental Prospectus ) and expires on 7 th December 2015 and must be read together with the prospectus dated 8 th December 2014 ( Prospectus ). Manager: Affin Hwang Asset Management Berhad (formerly known as Hwang Investment Management Berhad) (429786-T) Trustee: Deutsche Trustees Malaysia Berhad (763590-H) A copy of this Supplemental Prospectus and the Prospectus have been registered and lodged with the Securities Commission Malaysia, who takes no responsibility for their contents. Registration of this Supplemental Prospectus does not indicate that the Securities Commission Malaysia recommends the Units or assumes responsibility for the correctness of any statement made, opinions expressed or reports contained in the Prospectus and this Supplemental Prospectus. INVESTORS ARE ADVISED TO READ AND UNDERSTAND THE CONTENTS OF THIS SUPPLEMENTAL PROSPECTUS DATED 8 DECEMBER 2014 AND THE PROSPECTUS DATED 8 DECEMBER 2014. IF IN DOUBT, PLEASE CONSULT A PROFESSIONAL ADVISER.
THIS IS A SUPPLEMENTAL PROSPECTUS WHICH HAS TO BE READ IN CONJUNCTION WITH THE PROSPECTUS DATED 8 DECEMBER 2014 IN RESPECT OF THE AFFIN HWANG SELECT ASIA PACIFIC (EX JAPAN) DIVIDEND FUND. RESPONSIBILITY STATEMENTS This Supplemental Prospectus has been reviewed and approved by the directors of Affin Hwang Asset Management Berhad (formerly known as Hwang Investment Management 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 the Supplemental Prospectus false or misleading. STATEMENTS OF DISCLAIMER The Securities Commission Malaysia has authorised the Fund and a copy of this Supplemental Prospectus has been registered with the Securities Commission Malaysia. The authorisation of the Fund, and the registration of this Supplemental Prospectus does not indicate that the Securities Commission Malaysia recommends the Units or assumes responsibility for the correctness of any statement made, opinion expressed or report contained in the principal prospectus or Supplemental Prospectus. The Securities Commission Malaysia is not liable for any non-disclosure on the part of Affin Hwang Asset Management Berhad (formerly known as Hwang Investment Management Berhad), the management company responsible for the said Fund and takes no responsibility for the contents in this Supplemental Prospectus. The Securities Commission Malaysia makes no representation on the accuracy or completeness of this Supplemental Prospectus, and expressly disclaims any liability whatsoever arising from, or in reliance upon, the whole or any part of the 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. Additional Statements No Units of the Fund will be issued or sold based on this Supplemental Prospectus later than 7 th December 2015. Investors should note that they may seek recourse under the Capital Markets and Services Act 2007 for breaches of securities laws and regulations including any statement in the Supplemental Prospectus that is false, misleading, or from which there is a material omission; or for any misleading or deceptive act in relation to the Supplemental Prospectus or the conduct of any other person in relation to the Fund. This Supplemental Prospectus is not intended to and will not be issued and distributed in any country or jurisdiction other than in Malaysia ( Foreign Jurisdiction ). Consequently, no representation has been and will be made as to its compliance with the laws of any Foreign Jurisdiction. Accordingly, no issue or sale of Units of the Fund to which this Supplemental Prospectus relates may be made in any Foreign Jurisdiction or under any circumstances where such action is unauthorised. i
THIS IS A SUPPLEMENTAL PROSPECTUS WHICH HAS TO BE READ IN CONJUNCTION WITH THE PROSPECTUS DATED 8 DECEMBER 2014 IN RESPECT OF THE AFFIN HWANG SELECT ASIA PACIFIC (EX JAPAN) DIVIDEND FUND. Unless otherwise provided in this Supplemental Prospectus, all the capitalized terms used herein shall have the same meanings as ascribed to them in the Prospectus. EXPLANATORY NOTE Pursuant to the completion of the acquisition of the Manager by Affin Holdings Berhad on 20 September 2014, this Supplemental Prospectus is to inform the investors of the following: the members of the Board namely Mr Hwang Lip Teik, Y.A.M. Tunku Dato Seri Nadzaruddin Ibni Almarhum Tuanku Ja afar, Y.A.M. Tengku Syed Badarudin Jamalullail (Independent Director) and Mr. Tham Kwok Meng (Independent Director) have been replaced with Tan Sri Dato Seri Che Lodin bin Wok Kamaruddin (Non-independent Director), Puan Maimoonah Binti Mohamed Hussain (Non-independent Director), YBhg Mej Jen Dato Hj Latip bin Ismail (Independent Director) and En. Abd Malik bin A Rahman (Independent Director). the members of the Investment Committee for the Fund namely Y.A.M. Tunku Dato Seri Nadzaruddin Ibni Almarhum Tuanku Ja afar, Y.A.M. Tengku Syed Badarudin Jamalullail (Independent member), Dr. Neoh Soon Kean (Independent member), Mr Wong Ming Tek and Mr Goh Yin Foo have been replaced with Puan Maimoonah Binti Mohamed Hussain (Non-independent member), Mr. Ong Teng Chong (Nonindependent member), En. Mohammad Aminullah Bin Basir (Independent member), Dato V. Danapalan (Independent member) and Mr. Phuah Eng Chye (Independent member). the members of the Audit Committee namely Y.A.M. Tengku Syed Badarudin Jamalullail (Independent member) and Mr. Tham Kwok Meng (Independent member) have been replaced with En. Abd Malik bin A Rahman (Independent member) and YBhg Mej Jen Dato Hj Latip bin Ismail (Independent member), in which En. Abd Malik bin A Rahman sits as a Chairman of the Audit Committee. the name of the Manager is hereby amended to Affin Hwang Asset Management Berhad (formerly known as Hwang Investment Management Berhad). the name of the Fund is hereby amended to Affin Hwang Select Asia Pacific (ex Japan) Dividend Fund. the designation of Mr. Teng Chee Wai is hereby amended to Managing Director. the Manager s email and website are hereby amended to customercare@affinhwangam.com and www.affinhwang.com respectively. A. SECTION 1 CORPORATE DIRECTORY Page 1 of the Prospectus The Manager The information in relation to the Manager is hereby deleted and replaced with the following:- Affin Hwang Asset Management Berhad (formerly known as Hwang Investment Management Berhad) (429786-T) Registered Office 27 th Floor, Menara Boustead 69 Jalan Raja Chulan 50200 Kuala Lumpur Business Address Suite 11-01, 11 th Floor Menara Keck Seng 203 Jalan Bukit Bintang 55100 Kuala Lumpur Tel No. : (603) 2116 6000 2
THIS IS A SUPPLEMENTAL PROSPECTUS WHICH HAS TO BE READ IN CONJUNCTION WITH THE PROSPECTUS DATED 8 DECEMBER 2014 IN RESPECT OF THE AFFIN HWANG SELECT ASIA PACIFIC (EX JAPAN) DIVIDEND FUND. Fax No. : (603) 2116 6112 Toll free line : 1-800-88-7080 E-mail : customercare@affinhwangam.com Website : www.affinhwang.com Page 1 of the Prospectus - Board of Directors of the Manager The names of the Board of Directors are hereby deleted and replaced with the following:- Tan Sri Dato Seri Che Lodin bin Wok Kamaruddin (Non-independent Director) Puan Maimoonah Binti Mohamed Hussain (Non-independent Director) Mr Teng Chee Wai (Non-independent Director) Mr Blair Chilton Pickerell (Non-independent Director) En. Abd Malik bin A Rahman (Independent Director) YBhg Mej Jen Dato Hj Latip bin Ismail (Independent Director) Ms Seet Oon Hui Eleanor (Alternate Director to Mr Blair Chilton Pickerell) Page 1 of the Prospectus - Investment Committee Members The names of the Investment Committee Members for the Fund Y.A.M. Tunku Dato Seri Nadzaruddin Ibni Almarhum Tuanku Ja afar, Y.A.M. Tengku Syed Badarudin Jamalullail, Mr Wong Ming Tek, Dr. Neoh Soon Kean and Mr Goh Yin Foo are hereby deleted and replaced with the following:- Dato V. Danapalan (Chairman, Independent member) Puan Maimoonah Binti Mohamed Hussain (Non-independent member) Mr. Ong Teng Chong (Non-independent member) En. Mohammad Aminullah Bin Basir (Independent member) Mr. Phuah Eng Chye (Independent member) Page 1 of the Prospectus Audit Committee Members The names of the Audit Committee Members are hereby deleted and replaced with the following:- YBhg Mej Jen Dato Hj Latip bin Ismail (Chairman, Independent member) En. Abd Malik bin A Rahman (Independent member) Mr Blair Chilton Pickerell (Non-independent member) Page 1 of the Prospectus Company Secretaries The information in relation to the Company Secretaries is hereby deleted and replaced with the following:- Company Secretary Azizah Shukor (LS0008845) 27 th Floor Menara Boustead 69 Jalan Raja Chulan 50200 Kuala Lumpur Page 1 of the Prospectus FiMM FiMM s address is hereby deleted and replaced with the following:- 19-06-1, 6 th Floor, Wisma Tune 19, Lorong Dungun Damansara Heights 50490 Kuala Lumpur 3
THIS IS A SUPPLEMENTAL PROSPECTUS WHICH HAS TO BE READ IN CONJUNCTION WITH THE PROSPECTUS DATED 8 DECEMBER 2014 IN RESPECT OF THE AFFIN HWANG SELECT ASIA PACIFIC (EX JAPAN) DIVIDEND FUND. B. SECTION 2 GLOSSARY Pages 2-3 of the Prospectus (1) The definition of the Board is hereby deleted and replaced with the following:- Means the board of directors of Affin Hwang Asset Management Berhad (formerly known as Hwang Investment Management Berhad). (2) The definition of the Fund is hereby deleted and replaced with the following:- Refers to Affin Hwang Select Asia Pacific (ex Japan) Dividend Fund. (3) The definition of Manager or Management Company or HwangIM is hereby deleted and replaced with the following:- Manager - Refers to Affin Hwang Asset Management Berhad (formerly known as Hwang Investment Management Berhad). C. SECTION 3 KEY DATA Page 6 of the Prospectus The name of the Fund is hereby amended to Affin Hwang Select Asia Pacific (ex Japan) Dividend Fund. D. SECTION 11 THE MANAGER Page 46 of the Prospectus Section 11.1 - The Management Company The write-up under the section is hereby deleted and replaced with the following:- Background The Manager was incorporated in Malaysia on 2 May 1997 under the Companies Act, 1965 and began operations under the name Hwang-DBS Unit Trust Berhad in 2001. In early 2014, the Manager was acquired by the Affin Banking Group ( Affin ) and hence, is now supported by a major home-grown financial services conglomerate. Affin has over 38 years of experience in financial industry which focuses on commercial, Islamic and investment banking services, money broking, fund management and underwriting of life and general insurance business. Additionally, the Manager is also 30% owned by Nikko Asset Management Asia ( Nikko AM Asia ), a wholly-owned subsidiary of Tokyo-based Nikko Asset Management Co. Ltd, an Asian investment management franchise. The Manager distributes its funds through the following various channels:- (i) In-house/internal sales team; (ii) IUTA & CUTA (Corporate Unit Trust Advisers); and (iii) Unit trust consultants. The Manager s head office is located in Kuala Lumpur and has a total of 5 main sales offices located in Peninsular and East Malaysia. The sales offices are in Penang, Ipoh, Johor Bharu, Kuching and Kota Kinabalu. 4
THIS IS A SUPPLEMENTAL PROSPECTUS WHICH HAS TO BE READ IN CONJUNCTION WITH THE PROSPECTUS DATED 8 DECEMBER 2014 IN RESPECT OF THE AFFIN HWANG SELECT ASIA PACIFIC (EX JAPAN) DIVIDEND FUND. Page 47 of the Prospectus Section 11.4 Role of Directors The names of the Board of Directors are hereby deleted and replaced with the following:- Tan Sri Dato Seri Che Lodin bin Wok Kamaruddin (Non-independent Director) Puan Maimoonah Binti Mohamed Hussain (Non-independent Director) Mr Teng Chee Wai (Non-independent Director) Mr Blair Chilton Pickerell (Non-independent Director) En. Abd Malik bin A Rahman (Independent Director) YBhg Mej Jen Dato Hj Latip bin Ismail (Independent Director) Ms Seet Oon Hui Eleanor (Alternate Director to Mr Blair Chilton Pickerell) Pages 47-49 of the Prospectus Section 11.5 Role of the Investment Committee The profiles of the Investment Committee members are hereby deleted and replaced with the following:- Dato V. Danapalan (Chairman, Independent member) Dato' V. Danapalan holds a B.A. (Hons) from University Malaya and Masters in Public Administration from Pennsylvania State University, United States of America. He was previously the Chairman of the Malaysian Communications and Multimedia Commission (MCMC) until his retirement in March 2006. Prior to joining MCMC, he was a Senior Vice-President at the Multimedia Development Corporation Sdn. Bhd. Before this, he was the Secretary-General at the Ministry of Science, Technology and Environment, a position he held from 1991 to 1998. He currently serves on the Board of Malaysia University of Science and Technology (MUST), Multimedia University (MMU), Sirim QAS Sdn. Bhd., Gibraltar BSN Life Insurance, Telekom Malaysia Berhad and Tun Sambanthan Scholarship Board. Puan Maimoonah Binti Mohamed Hussain (Non-independent member) Puan Maimoonah Binti Mohamed Hussain graduated from University of Singapore with a Bachelor of Accountancy and was the Director, Debt & Capital Markets of Affin Bank Berhad prior to her appointment as Managing Director at Affin Investment Bank Berhad. Prior to this, she had been the Head of Syndications at Standard Chartered Bank s debt syndications business for Malaysia, Singapore, Thailand, Indonesia and the Philippines. She was also seconded to Standard Chartered Bank Malaysia Berhad for three years to develop the local as well as cross border debt business. She was prior thereto attached to Morgan Grenfell (Asia) Ltd where she was involved in structured finance and project advisory across South East Asian markets. She also serves as a Director on the Board of Affin Investment Bank Berhad, Merchant Nominees (Tempatan) Sdn Bhd and Affin Nominees (Asing) Sdn Bhd. Mr. Ong Teng Chong (Non-independent member) Mr. Ong is currently the Head of Institutional Equity at Affin Investment Bank. Graduated with a Bachelor of Commerce Degree majoring in accounting and finance from Monash University (Clayton campus, Australia), Mr. Ong has over 17 years of working experience in the investment banking industry, specializing in investment research. Mr. Ong has worked at a number of investment banks in Malaysia with the last six years leading the Research and Analytics department of the bank before taking the role of Head of Institutional Equity in January 2014. As Head of Research, Mr. Ong has led the overall research team's improvement in rankings - both clients and external surveys. In the category of equity strategy under his direct coverage, Mr. Ong has ranked well in the AsiaMoney Brokers Polls over the last few years. In addition, Mr. Ong was ranked amongst the top 20 analysts in Malaysia in AsiaMoney Brokers Polls. As Head of Institutional Equity, his primary focus today is on building the bank's institutional brokerage business as well as providing advisory role to the bank's research and analytics team. 5
THIS IS A SUPPLEMENTAL PROSPECTUS WHICH HAS TO BE READ IN CONJUNCTION WITH THE PROSPECTUS DATED 8 DECEMBER 2014 IN RESPECT OF THE AFFIN HWANG SELECT ASIA PACIFIC (EX JAPAN) DIVIDEND FUND. En. Mohammad Aminullah Bin Basir (Independent member) Encik Mohammad Aminullah Bin Basir is an independent member of the Investment Committee for the Fund. He has vast experience in matters relating to collective investment schemes from his long serving tenure in the Securities Commission Malaysia. Encik Aminullah retired as the Deputy General Manager and Head of Investment Products in the Corporate Finance and Investment Division, after serving for twenty (20) years covering various aspects of the capital market industry such as corporate finance (e.g. initial public offerings, acquisitions and mergers), collective investment schemes (e.g unit trust funds, real estate investment trusts, exchange traded funds, business trusts) and private retirement scheme. He started his career as an auditor with Ivor Barry and Co, a firm of Chartered Accountants in United Kingdom before returning to Malaysia as an internal auditor with Sime Darby Berhad. Encik Aminullah is a Fellow of the Association of Chartered Certified Accountants (ACCA), a Chartered Accountant with the Malaysian Institute of Accountants and he is also a certified member of Financial Planning Association of Malaysia (FPAM). Mr. Phuah Eng Chye (Independent member) Mr. Phuah was previously the Senior General Manager and the Head of the Strategy & Research Department at the SC. For a period of 10 years, he was involved in various capital market development and regulatory projects and led the project team that developed the Capital Market Masterplan 2. Prior to joining the SC, he was a regional bank analyst with Dresdner Kleinwort Benson where he was ranked among the top banking analysts in South East Asia. He was also head of Malaysian equities research for PB Securities and K&N Kenanga. He also previously worked as a remisier, a fund manager and as a financial journalist. He graduated with a degree in economics from the University of Manchester, United Kingdom in 1981. He is currently writing a book on economics and regulatory policies. Pages 49-51 of the Prospectus Section 11.6 The Team The write-up under the section is hereby deleted and replaced with the following:- Mr. Teng Chee Wai Managing Director Mr Teng is the founder of the Manager. Over the past 13 years, he has built the company to its current position with an excess of RM 11 billion in assets under management. In his capacity as the managing director and executive director of the Manager, Teng manages the overall business and strategic direction as well as the management of the investment team. His hands on approach sees him actively involved in investments, product development and marketing. Teng s critical leadership and regular participation in reviewing and assessing strategies and performance has been pivotal in allowing the Manager to successfully navigate the economically turbulent decade. Teng s investment management experience spans more than 24 years, and his key area of expertise is in managing absolute return mandates for insurance assets and investment-linked funds in both Singapore and Malaysia. Prior to his current appointments, he was the assistant general manager (investment) of Overseas Assurance Corporation (OAC) and was responsible for the investment function of the Group Overseas Assurance Corporation Ltd. Teng began his career in the financial industry as an investment manager with NTUC Income, Singapore. He is a Bachelor of Science graduate from the National University of Singapore and has a Post-Graduate Diploma in Actuarial Studies from City University in London. Mr. David Ng Kong Cheong Chief Investment Officer Mr. David Ng joined the Manager in September 2002 as a Portfolio Manager and was appointed as Chief Investment Officer on 1 September 2006, to oversee the equities, fixed income and the central dealing units. He graduated with both Bachelor of Commerce (Accounting) and Bachelor of Law degrees from Monash University in Melbourne, Australia and he is also Chartered Financial Analyst charter holder. In total, David has over 15 years of investment experience in managing both institutional and unit trust funds. 6
THIS IS A SUPPLEMENTAL PROSPECTUS WHICH HAS TO BE READ IN CONJUNCTION WITH THE PROSPECTUS DATED 8 DECEMBER 2014 IN RESPECT OF THE AFFIN HWANG SELECT ASIA PACIFIC (EX JAPAN) DIVIDEND FUND. David s key responsibilities at the Manager is setting of investment strategy for the assets under management, and the management of selected portfolios. Ms Esther Teo Keet Ying Head, Fixed Income Investment Esther Teo is the Head of Fixed Income Investment. Prior to joining the Manager, Esther Teo was a portfolio manager with HwangDBS Asset Management and was responsible for managing fixed income investment of corporate clients and unit trust funds. Prior to this, she was attached with the fixed income division of RHB Asset Management Sdn. Bhd. covering both institutional and unit trust mandates for 3 years. She began her career in KPMG Malaysia in 1999 as a consultant in financial advisory services specializing in corporate debt restructuring and recovery. Esther graduated from the University of Melbourne, Australia with a Bachelor of Commerce majoring in Accounting and Finance. She has also obtained her licence from the SC since 29 April 2004 to act as a fund manager. Mr Gan Eng Peng Head, Equity Gan Eng Peng joined the Manager in April 2008, bringing with him more than 20 years of experience in regional and local equities investment, corporate finance and business management. Prior to joining the Manager, Gan was the Head of Equities of Investments at Pacific Mutual Fund Berhad where he led a 6 person strong regional fund management team. Prior to that, he was the General Manager of Business Development at Pacific Mutual, being overall in charge of 6 departments and driving the business function of the company. His other work experience included investment research at local and foreign research houses, corporate finance and running and owning an independent research house. Gan graduated with a Bachelor of Science (Industrial and Business Economics) from the London School of Economics, England. Mr Chow Kar Tzen Portfolio Manager Chow Kar Tzen joined the Manager in December 2007 as a Senior Analyst. Kar Tzen brings with him more than 5 years experience in consulting and project management garnered during his tenure at TradeOneAsia Pte Ltd, a subsidiary of a publicly listed company in Singapore, Keppel Group Ltd., providing consulting and e-commerce services to companies in Malaysia, Singapore, India, China, Thailand, Philippines and Indonesia. His last role was as Senior Manager responsible for projects in India, Singapore, Malaysia and Thailand. Prior to that, Kar Tzen worked as a Professional Services Associate in ICG Commerce Pte Ltd., a US based e-commerce start-up in Singapore. Kar Tzen completed a full-time Masters of Business Administration (MBA) with Distinction from Nottingham University in 2007. He graduated with a Bachelor of Arts (Electrical & Information Sciences Engineering) from Cambridge University, United Kingdom. He is the designated fund manager for the Fund. The investment team comprises a group of portfolio managers (3 personnel from fixed income team and 3 personnel from equity team) who posses the necessary expertise and experience to undertake the fund management of its unit trust funds. The investment team is assisted by 3 research analyst. Key Personnel of the Management Team Mr. Teng Chee Wai Managing Director (Please refer to the above) Mr. David Ng Kong Cheong Chief Investment Officer (Please refer to the above) Ms. Peggy Liew Li Choo Chief Operating Officer Peggy Liew is currently the Chief Operating Officer of the Manager. She joined the Manager in July 2008 as Head of Operations. 7
THIS IS A SUPPLEMENTAL PROSPECTUS WHICH HAS TO BE READ IN CONJUNCTION WITH THE PROSPECTUS DATED 8 DECEMBER 2014 IN RESPECT OF THE AFFIN HWANG SELECT ASIA PACIFIC (EX JAPAN) DIVIDEND FUND. Peggy brings with her more than 20 years of work experience in various industries, of which 17 years of her professional experience have been in the capital market industry. Prior to joining the Manager, Peggy spent seven years in Prudential Fund Management Berhad as the Head of Operations and six years in HLB Unit Trust Management overseeing fund valuations, sales and office administration as well as the operational activities within the company. She holds certifications from the Chartered Institute of Marketing (CIM). Ms Chan Ai Mei Chief Marketing Officer Ms Chan joined the Manager in 2010 as a Head of Financial Institution Distribution and assumed the role of Chief Marketing Officer in January 2014. Her role encompasses marketing & communications, product, capital market and structuring, and driving the growth and development of private retirement scheme for the Manager. She has been responsible for overseeing and driving the growth of third party distribution channels for the Manager since 2010 and developing a team that services the financial institutions and business partnership teams to distribute the Manager s products. Prior to her career with the Manager, she was with Standard Chartered Bank for 5 years where she was involved in the wealth management business driving sales of investment products as well as leading a team of investment consultants. She also spent almost 7 years in Citibank as a personal banker and managed a sales team. She graduated with a degree in Bachelor of Commerce (majoring in Marketing) from Auckland University, New Zealand and is also a member of the Association of Financial Planning Malaysia. Ms Esther Thye Yee Meng Chief Strategy Officer Esther Thye was appointed as the Chief Sales Officer on 1 September 2006 and has been with the Manager since January 2005, previously as the Head of Institutional Business. She has over 15 years of sales and marketing experience primarily in the financial services industry. She is responsible for securing business from private and institutional clients as well as developing portfolio management solutions for this niche market. Esther is an Associate Financial Practitioner (AFP) who holds an advanced Diploma from the Chartered Institute of Marketing (CIM). Mr Shahrin Shaikh Mohd Chief Compliance, Risk and Legal Officer Shahrin Shaikh Mohd joined the Manager as the Chief Compliance, Risk and Legal Officer in January 2012 and has over 15 years experience in the fund management, unit trusts and capital market regulatory framework. He is entrusted by the Board and Chief Executive Officer of the Manager to supervise the overall implementation and communication of risk governance and compliance framework on top of overseeing legal matters and risk management for the company. He is the designated person responsible for the compliance matters of the company. Shahrin began his career with the SC where he spent more than 17 years in various capacities covering various areas such as reviewing corporate proposals which includes Initial Public Offering ( IPO ), acquisitions, rights issues, unit trusts; development of policies and guidelines as well as supervision and examination of unit trusts and fund management companies. Shahrin s experience include a 1-year stint at the Capital Market Authority of Saudi Arabia as a consultant in reviewing the mutual funds regulatory framework in Saudi Arabia. Shahrin graduated with a double major in Accounting and Finance from the University of Warwick, England. Pages 52-54 of the Prospectus Section 11.8 The Manager s Disclosure on Related Party Transactions and Possible Conflicts of Interest The information in relation to Related Party Transactions and Conflicts of Interest are hereby deleted and replaced with the following:- 8
THIS IS A SUPPLEMENTAL PROSPECTUS WHICH HAS TO BE READ IN CONJUNCTION WITH THE PROSPECTUS DATED 8 DECEMBER 2014 IN RESPECT OF THE AFFIN HWANG SELECT ASIA PACIFIC (EX JAPAN) DIVIDEND FUND. Related Party Transactions Name of Party Involved in the Transaction Nature of Transaction Name of Related Party Nature of Relationship The Manager Placement of deposits Affin Hwang Investment Bank Berhad (Affin Hwang IB) Affin Hwang IB holds 70% equity interest in the Manager. Conflicts of Interest As at 20 September 2014, the directors of the Manager who have either direct or indirect interest in other corporations carrying on a similar business with the Manager are as disclosed below: Name of Director Puan Maimoonah Binti Mohamed Hussain Name of Corporation or Business Asian Islamic Investment Management Sdn. Bhd. ( AIIMAN ) Shareholding (Direct/ Indirect) Nature of Interest Directorship - Director Blair Chilton Pickerell Nikko Asset Management International Limited Tyndall Investment Management Limited Tyndall Investment Management New Zealand Limited Director - Director - Director SIM Funds Management Limited - Director Tyndall Asset Management Limited - Director Nikko Asset Management Asia Limited - Director Nikko Asset Management Hong Kong Limited - Director Asian Islamic Investment Management Sdn. Bhd. - Director (Non-executive) Seet Oon Hui Eleanor Asian Islamic Investment Director 9
THIS IS A SUPPLEMENTAL PROSPECTUS WHICH HAS TO BE READ IN CONJUNCTION WITH THE PROSPECTUS DATED 8 DECEMBER 2014 IN RESPECT OF THE AFFIN HWANG SELECT ASIA PACIFIC (EX JAPAN) DIVIDEND FUND. Name of Director Name of Corporation or Business Shareholding (Direct/ Indirect) Nature of Interest Directorship Management Sdn. Bhd. - (Non-executive) Nikko Asset Management Asia Limited Nikko Asset Management (Mauritius) Limited Nikko Asset Management International Limited Singapore Consortium Investment Management Limited - - - - Director Director Director Director 10
THIS IS A SUPPLEMENTAL PROSPECTUS WHICH HAS TO BE READ IN CONJUNCTION WITH THE PROSPECTUS DATED 8 DECEMBER 2014 IN RESPECT OF THE AFFIN HWANG SELECT ASIA PACIFIC (EX JAPAN) DIVIDEND FUND. E. SECTION 15 - DOCUMENTS AVAILABLE FOR INSPECTION Page 67 of the Prospectus The write-up under the section is hereby deleted and replaced with the following:- You may inspect without charge, at the business address of the Manager and/or the Trustee, for a period of not less than 12 months from the date of this Prospectus, the following documents or copies thereof, where applicable: (1) The Deed and supplemental deed (if any) of the Fund; (2) Each material contract or document referred to in the Prospectus; (3) All reports, letters or other documents, valuations and statements by any expert, any part of which is extracted or referred to in the Prospectus; (4) The audited financial statements of the Fund for the current financial year (where applicable) and the last three (3) financial years or from the date of establishment/ incorporation, if less than three (3) years, preceding the date of Prospectus; (5) Writ and relevant cause papers for all current material litigation and arbitration disclosed in the Prospectus; and (6) Any consent given by experts whose statement appears in the Prospectus. F. SECTION 17 - UNIT TRUST LOAN FINANCING RISK DISCLOSURE STATEMENT Page 69 of the Prospectus The write-up under the section is hereby deleted and replaced with the following:- Investing in a Unit Trust Fund with Borrowed Money Is More Risky than Investing with Your Own Savings. You should assess if loan financing is suitable for you in light of your objectives, attitude to risk and financial circumstances. You should be aware of the risks, which would include the following: (i) (ii) (iii) (iv) The higher the margin of financing (that is, the amount of money you borrow for every ringgit of your own money which you put in as deposit or down payment), the greater the loss or gain on your investment. You should assess whether you have the ability to service the repayments on the proposed loan. If your loan is a variable rate loan, and if interest rates rise, your total repayment amount will be increased. If unit prices fall beyond a certain level, you may be asked to provide additional acceptable collateral (where units are used as collateral) or pay additional amounts on top of your normal instalments. If you fail to comply within the time prescribed, your units may be sold towards the settlement of your loan. Returns on unit trusts are not guaranteed and may not be earned evenly over time. This means that there may be some years where returns are high and other years where losses are experienced. Whether you eventually realise a gain or loss may be affected by the timing of the sale of your units. The value of units may fall just when you want your money back even though the investment may have done well in the past. 11
THIS IS A SUPPLEMENTAL PROSPECTUS WHICH HAS TO BE READ IN CONJUNCTION WITH THE PROSPECTUS DATED 8 DECEMBER 2014 IN RESPECT OF THE AFFIN HWANG SELECT ASIA PACIFIC (EX JAPAN) DIVIDEND FUND. This brief statement cannot disclose all the risks and other aspects of loan financing. You should therefore carefully study the terms and conditions before you decide to take a loan. If you are in doubt about any aspect of this risk disclosure statement or the terms of the loan financing, you should consult the institution offering the loan. ACKNOWLEDGEMENT OF RECEIPT OF RISK DISCLOSURE STATEMENT I acknowledge that I have received a copy of this Unit Trust Loan Financing Risk Disclosure Statement and understand its contents. Signature : Full Name : Date : G. SECTION 18 DIRECTORS DECLARATION Page 70 of the Prospectus This section is hereby deleted in its entirety. 12
THIS IS A SUPPLEMENTAL PROSPECTUS WHICH HAS TO BE READ IN CONJUNCTION WITH THE PROSPECTUS DATED 8 DECEMBER 2014 IN RESPECT OF THE AFFIN HWANG SELECT ASIA PACIFIC (EX JAPAN) DIVIDEND FUND. H. SECTION 19 DIRECTORY OF SALES OFFICES Page 71 of the Prospectus This section is hereby deleted and replaced with the following:- HEAD OFFICE Suite 11-01, 11 th Floor, Menara Keck Seng, 203, Jalan Bukit Bintang, 55100 Kuala Lumpur. Tel : 03 2116 6000 Fax : 03 2116 6112 Toll Free No : 1-800-88-7080 Email: customercare@affinhwangam.com PENANG No. 10-C-24, Precinct 10, Jalan Tanjung Tokong, 10470 Penang. Tel : 04 899 8022 Fax : 04 899 1916 PERAK 13A Persiaran Greentown 7, Greentown Business Centre, 30450 Ipoh, Perak. Tel: 05-241 0668 Fax: 05 255 9696 JOHOR 1st Floor, No. 93, Jalan Molek 1/29, Taman Molek, 81100 Johor Bahru, Johor. Tel : 07 351 5677/ 5977 Fax : 07 351 5377 MELAKA Ground Floor, No. 584 Jalan Merdeka, Taman Melaka Raya 75000 Melaka Tel: 06-281 2890 Fax: 06-281 2937 SABAH Lot No. B-2-09, 2nd Floor, Block B, Warisan Square, Jalan Tun Fuad Stephens, 88000 Kota Kinabalu, Sabah. Tel : 088-252 881 Fax : 088-288 803 SARAWAK Ground Floor, No. 69 Block 10, Jalan Laksamana Cheng Ho 93200 Kuching, Sarawak. Tel : 082 233 320 Fax : 082 233 663 1st floor, Lot 1291, Jalan Melayu, MCLD, 98000 Miri, Sarawak. Tel : 085-418 403 Fax : 085 418 372 13
Message from the CEO Dear investors, Thank you for expressing your interest in our Hwang Select Asia Pacific (ex Japan) Dividend Fund ( Fund ). The Fund endeavours to provide investors with regular income and capital growth over the medium to long-term period. To achieve its objective, the Fund will be investing primarily in dividend yielding equities and next dividend leaders. Next dividend leaders refers to equities that could, in the medium term (i.e for a period of three (3) years or less), potentially start paying high dividends or substantially increasing existing dividend payouts. High dividends refers to dividend yields that are above market average. The Fund intends to adopt a two-part approach, where a portion of the Fund's investments will be focused towards high dividend yielding equities whereas the other portion will be invested in the "next dividend leaders". The Fund will be focusing its investments within the Asia Pacific (ex Japan) region. This Fund is suitable for you if you seek medium to long-term capital growth, regular income distributions and have moderate risk tolerance. Please note that the Fund s investments are not risk free and you are firmly advised to consider the risks associated with investing in this Fund. We consider that the following non-exhaustive specific risk factors are related to the Fund: equity investment risk, currency risk, derivatives risk, country risk, political risk and regulatory risk. As such, your risk appetite level should be a consideration when deciding if the Fund is suitable for you. For further details on the risk profiles of the Fund, please refer to Section 4 Risk Factors in this Prospectus. Investing in this Fund will attract fees and charges which are described below:- A Sales Charge of up to 5.50% of the initial offer price; A Repurchase Charge of 1.00% of the initial offer price; Annual management fee of up to 1.85% per annum of the NAV of the Fund; Annual trustee fee of up to 0.06% per annum of the NAV of the Fund, subject to a minimum of RM12,000.00 per annum (excluding foreign custodian fees and charges); and Other expenses in relation to the administration and operation of the Fund. If you are interested in investing in the Fund, have any queries or require further information, please contact our customer service at our toll free number 1-800-88-7080 or email to customercare@hwangim.com. Alternatively, you may contact any of our sales offices listed in Section 19 of this Prospectus. You are encouraged to read the entire Prospectus for a better understanding of the Fund and we look forward to being of service to you. Best wishes, Teng Chee Wai Chief Executive Officer/ Executive Director ii
Responsibility Statements This Prospectus has been reviewed and approved by the directors of Hwang Investment Management 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 Prospectus false or misleading. Statement of Disclaimer The Securities Commission Malaysia has authorized the Fund and a copy of this Prospectus has been registered with the Securities Commission Malaysia. The authorization, and the registration of this Prospectus, 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 Prospectus. The Securities Commission Malaysia is not liable for any non-disclosure on the part of Hwang Investment Management Berhad who is responsible for the Fund and takes no responsibility for the contents of this Prospectus. The Securities Commission Malaysia makes no representation on the accuracy or completeness of this Prospectus, 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. IN CONSIDERING THE INVESTMENT, INVESTORS WHO ARE IN DOUBT ON THE ACTION TO BE TAKEN SHOULD CONSULT PROFESSIONAL ADVISERS IMMEDIATELY. Additional Statement No units of the Fund will be issued or sold on the basis of this Prospectus later than one year after the date of this Prospectus. Investors are advised to note that recourse for false or misleading statements or acts made in connection with this Prospectus is directly available through Sections 248, 249 and 357 of the Capital Markets and Services Act 2007. This Prospectus is not intended to and will not be issued and distributed in any country or jurisdiction other than in Malaysia ( Foreign Jurisdiction ). Consequently, no representation has been and will be made as to its compliance with the laws of any Foreign Jurisdiction. Accordingly, no issue or sale of Units of the Fund to which this Prospectus relates may be made in any Foreign Jurisdiction or under any circumstances where such action is unauthorised. iii
CONTENTS Section Page 1. CORPORATE DIRECTORY 1 2. GLOSSARY 2 3. KEY DATA 6 4. RISK FACTORS 13 4.1 GENERAL RISKS 13 4.2 SPECIFIC RISKS 13 4.3 RISK MANAGEMENT 15 5. FUND DETAILS 17 5.1 INVESTMENT OBJECTIVE 17 5.2 INVESTORS PROFILE 17 5.3 BENCHMARK 17 5.4 FUND TYPE 17 5.5 INITIAL OFFER PERIOD AND INITIAL OFFER PRICE 17 5.6 TENURE 17 5.7 ASSET ALLOCATION 18 5.8 INVESTMENT STRATEGY 18 6. ADDITIONAL INFORMATION IN RELATION TO THE FUND 20 6.1 PERMITTED INVESTMENTS 20 6.2 INVESTMENT RESTRICTIONS & LIMITS 20 6.3 VALUATION OF ASSETS 21 6.4 VALUATION POINT OF THE FUND 22 6.5 POLICY ON GEARING AND MINIMUM LIQUID ASSETS REQUIREMENTS 23 6.6 DISTRIBUTION POLICY 23 6.7 DENOMINATION OF THE FUND 24 7. FEES AND CHARGES 25 7.1 SALES CHARGE 25 7.2 REPURCHASE CHARGE 25 7.3 TRANSFER FEE 26 7.4 SWITCHING FEE 26 7.5 ANNUAL MANAGEMENT FEE 26 7.6 ANNUAL TRUSTEE FEE 26 7.7 FUND EXPENSES 27 7.8 POLICY ON STOCKBROKING REBATES AND SOFT COMMISSIONS 27 8. SALE AND PURCHASE OF UNITS 28 iv
8.1 COMPUTATION OF NAV AND NAV PER UNIT 28 8.2 PRICING OF UNITS 30 8.3 SALE OF UNITS 32 8.4 MINIMUM UNITS HELD 33 8.5 REPURCHASE OF UNITS 33 8.6 PAYMENT OF REPURCHASE PROCEEDS 34 8.7 REPURCHASE FREQUENCY AND MINIMUM UNITS REPURCHASED 34 8.8 COOLING-OFF PERIOD & COOLING-OFF RIGHT 34 8.9 TRANSFER FACILITY 34 8.10 SWITCHING FACILITY 35 8.11 WHERE TO PURCHASE AND REPURCHASE UNITS 36 8.12 UNCLAIMED MONEYS 36 8.13 ANTI-MONEY LAUNDERING POLICIES AND PROCEDURES 36 8.14 INVESTOR'S RESPONSIBILITY 36 9. SALIENT TERMS OF THE DEED 38 9.1 RIGHTS AND LIABILITIES OF UNIT HOLDERS 38 RIGHTS OF UNIT HOLDERS 38 LIABILITIES OF UNIT HOLDERS 38 9.2 PROVISIONS REGARDING UNIT HOLDERS MEETINGS 38 UNIT HOLDERS MEETING CONVENED BY UNIT HOLDERS 38 UNIT HOLDERS MEETING CONVENED BY MANAGER 39 UNIT HOLDERS MEETING CONVENED BY TRUSTEE 39 QUORUM REQUIRED FOR CONVENING A UNIT HOLDERS MEETING 40 9.3 TERMINATION OF THE FUND 40 CIRCUMSTANCES THAT MAY LEAD TO THE TERMINATION OF THE FUND 40 9.4 THE MAXIMUM FEES AND CHARGES THAT MAY BE IMPOSED BY THE MANAGER AND THE STEPS TO BE TAKEN BY THE MANAGER TO INCREASE SUCH FEES AND CHARGES 40 MAXIMUM RATE OF DIRECT CHARGES AND INDIRECT FEES ALLOWABLE BY THE DEED 40 PROCEDURES TO BE TAKEN TO INCREASE THE DIRECT CHARGES AND INDIRECT FEES FROM THE CURRENT AMOUNT STIPULATED IN THE PROSPECTUS 40 PROCEDURES TO BE TAKEN TO INCREASE THE DIRECT CHARGES AND INDIRECT FEES FROM THE CURRENT AMOUNT STIPULATED BY THE DEED 41 9.5 OTHER EXPENSES PERMITTED UNDER THE DEED 41 9.6 RETIREMENT, REMOVAL OR REPLACEMENT OF THE MANAGER 42 9.7 RETIREMENT, REMOVAL OR REPLACEMENT OF THE TRUSTEE 43 10. CLIENT COMMUNICATION 44 11. THE MANAGER 46 11.1 THE MANAGEMENT COMPANY 46 11.2 ROLE OF THE MANAGER 46 11.3 FINANCIAL POSITION 47 11.4 ROLE OF DIRECTORS 47 BOARD OF DIRECTORS 47 11.5 ROLE OF THE INVESTMENT COMMITTEE 47 THE INVESTMENT COMMITTEE MEMBERS 47 11.6 THE TEAM 49 THE INVESTMENT TEAM 49 KEY PERSONNEL OF THE MANAGEMENT TEAM 50 11.7 MANAGEMENT COMPANY S DELEGATE 52 v
11.8 THE MANAGER S DISCLOSURE ON RELATED PARTY TRANSACTIONS AND POSSIBLE CONFLICTS OF INTEREST 52 RELATED PARTY TRANSACTIONS 52 CONFLICTS OF INTEREST 52 11.9 POLICY ON DEALING WITH CONFLICTS OF INTEREST 54 11.10 MATERIAL LITIGATION 55 12. THE TRUSTEE 56 12.1 BACKGROUND INFORMATION 56 12.2 FINANCIAL HIGHLIGHTS 56 12.3 EXPERIENCE IN TRUSTEE BUSINESS 56 12.4 BOARD OF DIRECTORS 56 12.5 DUTIES AND RESPONSIBILITIES OF THE TRUSTEE 57 12.6 TRUSTEE S STATEMENT OF RESPONSIBILITY 57 12.7 TRUSTEE S DELEGATE 57 12.8 POLICY ON DEALING WITH RELATED PARTY TRANSACTIONS/ CONFLICT OF INTEREST 57 12.9 TRUSTEE S DISCLOSURE OF MATERIAL LITIGATION AND ARBITRATION 58 13. TAX ADVISERS LETTER 59 14. STATEMENT OF CONSENT 66 15. DOCUMENTS AVAILABLE FOR INSPECTION 67 16. VARIATIONS FROM THE GUIDELINES 68 18. DIRECTORS DECLARATION 70 19. DIRECTORY OF SALES OFFICES 71 vi
1. CORPORATE DIRECTORY The Manager Hwang Investment Management Berhad (429786-T) Registered Office Level 8, Wisma Sri Pinang, 60 Green Hall 10200 Penang Business Address Suite 11-01, 11th Floor Menara Keck Seng 203 Jalan Bukit Bintang 55100 Kuala Lumpur Tel No. : (603) 2116 6000 Fax No. : (603) 2116 6112 Toll free line : 1-800-88-7080 E-mail : customercare@hwangim.com Website : www.hwangim.com Board of Directors of the Manager Mr Hwang Lip Teik Y.A.M. Tunku Dato Seri Nadzaruddin Ibni Almarhum Tuanku Ja afar Mr Teng Chee Wai Mr Blair Chilton Pickerell Y.A.M. Tengku Syed Badarudin Jamalullail (Independent Director) Mr Tham Kwok Meng (Independent Director) Ms Seet Oon Hui Eleanor (Alternate Director to Mr Blair Chilton Pickerell) Investment Committee Members Y.A.M. Tunku Dato Seri Nadzaruddin Ibni Almarhum Tuanku Ja afar Y.A.M. Tengku Syed Badarudin Jamalullail (Independent member) Dr Neoh Soon Kean (Independent member) Mr Wong Ming Tek Mr Goh Yin Foo Audit Committee Members Mr Tham Kwok Meng (Chairman) Y.A.M. Tengku Syed Badarudin Jamalullail (Independent member) Mr Blair Chilton Pickerell Manager s Delegate (fund valuation & accounting function) Deutsche Bank (Malaysia) Berhad (312552-W) Business address Level 18-20, Menara IMC 8, Jalan Sultan Ismail 50250 Kuala Lumpur Tel No. : (603) 2053 6788 Fax No. : (603) 2031 9822 Company Secretaries Ms Tan Lee Peng (LS 0000882) Ms Mah Yee Wan (MAICSA 7042003) Ms Ooi Hui Ling (MAICSA 7045592) Level 8, Wisma Sri Pinang 60 Green Hall 10200 Penang The Trustee Deutsche Trustees Malaysia Berhad (763590-H) Registered office & business address Level 20, Menara IMC 8, Jalan Sultan Ismail 50250 Kuala Lumpur Tel No. : (603) 2053 7522 Fax No. : (603) 2053 7526 Trustee s Delegate (Local & Foreign Custodian) Deutsche Bank (Malaysia) Berhad (312552-W) Business address Level 18-20, Menara IMC 8, Jalan Sultan Ismail 50250 Kuala Lumpur Tel No. : (603) 2053 6788 Fax No. : (603) 2031 8710 Tax Adviser Ernst & Young Tax Consultants Sdn Bhd Level 23A, Menara Milenium Jalan Damanlela, Pusat Bandar Damansara 50490 Kuala Lumpur Auditor PricewaterhouseCoopers Level 10, 1 Sentral Jalan Travers, KL Sentral P.O. Box 10192 50706 Kuala Lumpur Solicitors Messrs. Naqiz & Partners No. 42A, Lorong Dungun Damansara Heights 50490 Kuala Lumpur Banker HSBC Bank (M) Berhad Head Office 2, Leboh Ampang 50100 Kuala Lumpur FiMM Federation of Investment Managers Malaysia 19-07-3, 7 th Floor PNB Damansara 19, Lorong Dungun Damansara Heights 50490 Kuala Lumpur Tel No. : (603) 2093 2600 Fax No. : (603) 2093 2700 Email: info@fimm.com.my Website: www.fimm.com.my Agents Registered unit trust consultants and other approved Institutional Unit Trust Advisers (as and when appointed) of the Manager. 1
2. GLOSSARY the Act or CMSA Base Currency the Board Bursa Malaysia Business Day Commencement Date Class(es) Cooling off Period Means the Capital Markets and Services Act 2007 as originally enacted and amended or modified from time to time. Means the currency in which the Fund is denominated i.e. Ringgit Malaysia (RM). Means the board of directors of HwangIM. Means the stock exchange operated by Bursa Malaysia Securities Berhad and includes any changes to the name or the operator of the Malaysian stock exchange. Means a day on which the Bursa Malaysia is open for trading and this information can be obtained from the Bursa Malaysia s website at www.bursamalaysia.com. Means the date on which sales of Units of the Fund is first made. The Commencement Date is also the launch date of the Fund. Means any class of Units representing similar interests in the assets of the Fund although a Class of Units of the Fund may have different features from another Class of Units of the same Fund. Refers to a period where you are entitled to exercise your Coolingoff Right. This period is six (6) Business Days from the date the purchase request is received by the Manager. Cooling off Right days Deed eligible market Refers to your right to apply for and receive a refund for every Unit that you paid for, provided that this right is exercised within the Cooling-Off Period and you are investing in any funds managed by the Manager for the first time. This right is not applicable to you if you are: (1) a corporation or institution; (2) a staff of the Manager; or (3) persons registered with a body approved by the SC to deal in unit trusts. You will be refunded within 10 days from receipt of the cooling-off application. In respect of this Fund, a reference to day means calendar day unless otherwise stated. Refers to the Deed dated 1 July 2013 entered into between the Manager and the Trustee and includes any subsequent amendments and variations to the Deed. Means a market that:- (a) is regulated by a regulatory authority; 2
(b) operates regularly; (c) is open to the public; and (d) has adequate liquidity for the purposes of the fund in question. FiMM Financial Institution Means the Federation of Investment Managers Malaysia. Means (a) if the institution is in Malaysia (i) licensed bank; (ii) licensed merchant bank; or (iii) Islamic bank; (b) if the institution is outside Malaysia, any institution that is licensed/registered/approved/authorised to provide financial services by the relevant banking regulator. Forward Pricing the Fund Guidelines Hedged-class Institutional Unit Trust Advisers (IUTA) Latest Practicable Date (LPD) Manager or Management Company or HwangIM medium to long-term NAV Means the method of determining the price of a Unit which is the NAV per Unit at the next valuation point after an application for purchase or repurchase request is received by the Manager. Refers to Hwang Select Asia Pacific (ex Japan) Dividend Fund. Refers to the Guidelines on Unit Trust Funds issued by the SC and as amended, substituted or replaced from time to time. Means the Class aimed to reduce the effect of exchange rate fluctuations between the Fund s Base Currency and the currency to which the Unit Holders are exposed to. Means institutional unit trust adviser, which is an institution, a corporation or an organisation that is registered with the FiMM to market and distribute unit trust funds. Means 11 November 2013 and is the latest practicable date for the purposes of ascertaining certain information deemed relevant in this Prospectus. Refers to Hwang Investment Management Berhad. Means a period of between three (3) years and above. Means the value of all the assets of the Fund less the value of all the liabilities of the Fund at a valuation point; solely for the purpose of computing the annual management fee and annual trustee fee, the NAV of a Fund is inclusive of the management fee and trustee fee for the relevant day; where a Fund has more than one class of Units, there shall be a Net Asset Value of the Fund attributable to each class of Units. 3