AMB UNIT TRUST FUND RESPONSIBILITY STATEMENT This Product Highlights Sheet has been reviewed and approved by the directors or authorised committee or persons approved by the Board of Amanah Mutual Berhad and they collectively and individually accept full responsibility for the accuracy of the information. Having made all reasonable enquiries, they confirm to the best of their knowledge and belief, there are no false or misleading statements, or omission of other facts which would make any statement in the Product Highlights Sheet false or misleading. STATEMENTS OF DISCLAIMER The Securities Commission Malaysia has authorised the issuance of AMB Unit Trust Fund and a copy of this Product Highlights Sheet has been lodged with the Securities Commission Malaysia. The authorisation of AMB Unit Trust Fund and lodgement of this Product Highlights Sheet should not be taken to indicate that the Securities Commission Malaysia recommends AMB SmallCap Trust 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 Management Company responsible for AMB Unit Trust 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. 1 Updated as at May 2014
This Product Highlight Sheet only highlights the key features and risks of this unlisted capital market product. Investors are KEY advised PRODUCT to request, FEATURES read and understand the disclosure documents before deciding to invest. PRODUCT HIGHLIGHTS SHEET PRODUCT NAME: AMB UNIT TRUST FUND (AMBUTF) BRIEF INFORMATION ON THE FUND AMB Unit Trust Fund (AMBUTF) is managed by Amanah Mutual Berhad (AMB). It is a conventional open-ended equity fund that consists of a diversified portfolio of blue chip and high growth stocks listed on the Bursa Malaysia. Therefore, the Fund does not provide capital protection or capital guarantee. The Fund s objective is to provide a steady long-term income and capital growth through a diversified portfolio of larger capitalisation equity investments. PRODUCT SUITABILITY The Fund is suitable for all investors with following profile: Whose primary interest is in investment for the Long-Term and capital growth of their investment; and Those who are seeking investment in larger blue chips* and growth stocks. Note*: Blue chip stocks are the shares of a company known to make profits in good and bad times. As there is a low risk capital loss, the dividend and earnings yield are proportionately low (source: Bursa Malaysia) KEY PRODUCT FEATURES Investment policy and strategy AMBUTF invests primarily in blue chips and high growth stocks that can increase the potential for better long term returns by focusing on corporations with the following characteristics: Industry leader; Good earnings track record; Potential strong growth; and Strength of management. AMBUTF invests largely in companies with market capitalisation of more than RM700 million. Base currency MYR (Malaysian Ringgit) Launch date 26 th March 1992 Financial year end Domicile Registration 30 st June Malaysia Securities Commission Malaysia Asset allocation Min 70% max 98% in equities Min 2% in Liquid Assets Benchmark 90% of the performance of the FBM KLCI. 2 Updated as at May 2014
Manager Distribution policy Trustee Board of directors Investment Committee Members (ICM) External Investment Managers (EIM) Auditors Tax advisor Solicitors 10% of the 1-month fixed deposit rate of commercial banks. 5% of the 1-month fixed deposit rate of commercial banks. Amanah Mutual Berhad (195414-U) Income (if any) is expected to be distributed annually at the Manager s discretion, subject to the approval from the Trustee. Universal Trustee (Malaysia) Berhad (17540-D) Tun Ahmad Sarji bin Abdul Hamid Tan Sri Dato Sri Hamad Kama Piah bin Che Othman Tan Sri Dato Dr. Wan Mohd. Zahid bin Mohd. Noordin Tan Sri Dato Md. Desa bin Pachi Dato Idris bin Kechot Tun Ahmad Sarji bin Abdul Hamid Tan Sri Dato Dr. Wan Mohd. Zahid bin Mohd. Noordin Tan Sri Dato Md. Desa bin Pachi Dato Idris bin Kechot UOB Asset Management (Malaysia) Berhad (formerly known as UOB-OSK Asset Management Sdn Bhd) (219478-X) Messrs. Ernst & Young (AF:0039) PricewaterhouseCoopers Taxation Services Sdn. Bhd (464731-M) Messrs. Zainal Abidin & Co The Fund s investment strategy does include temporary defensive positions to protect investor from significant losses. The EIM, upon approval from ICM of AMBUTF, will execute temporary defensive positions in dealing with adverse market conditions, unstable economic situation, political upheaval and other external factors affecting market. In this regard, the Fund may hold cash at higher level than what is prescribed in the asset allocation. It may also invest into cash equivalent instruments as the main asset of the Fund to maintain low volatility. When there is excessive gains during best market scenario, AMBUTF shall realise as much profits from the portfolio holdings. This will be reflected as income to the Fund. With that higher income distribution can be declared. KEY RISKS General Risk 1. Market risk 2. Non-compliance risk 3. Inflation risk 4. Liquidity risk 5. Fund management risk 6. Operational risk 7. Returns not guaranteed 8. Loan financing risk 9. Force majeure risk (Source : Master Prospectus for Conventional Fund Section 4) 3 Updated as at May 2014
Specific risks associated with AMBUTF Individual equity risk AMBUTF is subject to the volatility of prices in the share market. The volatility of prices in each stock will affect the Fund s value daily. The performance of individual stocks, which make up the portfolio, will fluctuate according to changes in the market value of the investments. The fluctuations can be significant in the short-term. This accounts for the market risk when investing in this Fund. However, this impact is minimised through portfolio diversification. FEES & CHARGES Direct fee & charges Fee & Charges Percentage (%) *Sales charge Up to 6.5 EPF Sales Charge 3.0 Repurchase Charge Nil ** Annual Management Fee 1.00-1.50 **Annual Trustee Fee Refer Note 1 * The sales charge above is negotiable, subject to manager discretion. **Annual management fee and annual trustee fee are calculated as the percentage of the NAV of the Fund, calculated on a daily basis before deducting the fees for the day. Note 1: Saiz of Fund Rate per annum of the NAV of the Fund (%) First RM20 million 0.06 Next RM20 million 0.05 Next RM20 million 0.04 Next RM20 million 0.03 Next RM20 million 0.02 Any amount in excess of RM100 million 0.01 Table for switching charges for AMBUTF (Equity) to other funds of AMB Switching charges The charges for switching are set out below: To target fund Switching from AMBUTF Equity Bond/Sukuk Balance Money MYR25 per transaction MYR25 per transaction MYR25 per transaction Nil Distribution units of conventional funds cannot be switched into Shariah funds as it is not permitted under the Shariah perspective. However the principal amount of conventional funds is allowed to be switched into Shariah funds. Note: The above table is applicable for all switching transactions, except where the sales charge of the fund to be switched into is equal or lower than the sales charge of the fund switched from, in which case the switching fee shall be RM25 only. 4 Updated as at May 2014
Other annual operating expenses The auditor s fees, tax agents fee and other relevant professional fees; the costs of printing and distribution of annual and interim reports, tax vouchers and warrants; cost of modification of the Deed other than those for the benefit of the Manager and/or Trustee; and other notices to Unit Holders as well as expenses that are directly related and necessary for the administration of the Fund as set out in the Deed. These costs have been factored into the quoted NAV per Unit as they are related and necessary to the business of the Fund. VALUATIONS AND EXITING FROM INVESTMENT The valuation of Units is based on the NAV of the Fund and is calculated at the end of the Business Day. The NAV per unit of AMBUTF is available on our website (www.ambmutual.com.my), AMB s office or any Distribution Channels. 1. Pricing of units The Manager adopts the single pricing policy in calculating your investment. Single pricing equates to prices quoted and transacted on a single price. The price of Units is computed on a Forward Pricing basis. As such, Units of the Fund are transacted at the NAV per Unit at the next Valuation Point after receipt of the transaction request and acceptance by the Manager. Consequently, any changes in the underlying assets of the Fund will cause its Unit prices to vary. 2. Procedure to Repurchase Units Repurchase of Units can also be made in part or entirety at any time by completing the repurchase form, which can be obtained at AMB s office or any Distribution Channels. Below are the required documents/forms to be submitted to repurchase Units: (a) Individual investor (single or joint applicants) i. Completed repurchase form. ii. Photocopy of identity card, birth certificate (if joint applicant is a minor) or passport (if necessary). (b) Corporate investor i. Completed repurchase form. ii. Board resolution or any other necessary authorisation (if necessary). Partial repurchase of Units is permitted provided the applicable minimum holding is maintained for the Fund. There is no restriction on frequency of repurchase and number of Units a Unit Holder can redeem subject to the applicable minimum holding. The Manager may elect not to permit a partial repurchase if the effect thereof would be that the Unit Holder holds less than the minimum holding applicable. 3. Payment for Repurchase of Units (a) By cheque Unit Holders will receive withdrawal proceeds payment by cheque payable to the Unit Holder's or jointholders' names only. The cheques will be mailed to the address of the Unit Holders based on the application form or as may be subsequently notified in writing to the Manager. Any charges incurred such as charges for outstation cheque will be borne by the Unit Holders. 5 Updated as at May 2014
(b) Transfer to a bank account Unit Holders may give AMB an instruction in writing to transfer the repurchase proceeds to Unit Holders' nominated local bank account held in Unit Holders' own name. All bank charges for the transfer will be borne by the Unit Holders. The charge will be deducted from the repurchase amount before being paid to the Unit Holders relevant bank account. Unit Holders are required to provide AMB with the relevant bank account details in order for AMB to proceed with the transfer request. It is possible for delays in the banking system to occur which are beyond our control. If the funds cannot be transferred, AMB shall draw a cheque payable to the Unit Holders. Unit Holders may give AMB instruction in writing to transfer the repurchase proceeds to the Unit Holders' nominated bank account overseas held in Unit Holders' own name. All bank charges for the transfer will be borne by the Unit Holders. The charge will be deducted from the repurchase amount before being paid to the Unit Holders relevant bank account. Note: No repurchase proceeds will be paid in cash under any circumstances. 4. Unit Pricing & Cut-off Time for Repurchase of Units Applications to repurchase Units will be processed on the same Business Day if received by 2.30 p.m. The applicable repurchase price would be based on the NAV per Unit at the end of the Business Day on which the application to purchase is received by the Manager. Any application received or deemed to have been received after this cut-off time would be considered as being transacted on the next Business Day and would be subjected to the Manager s pricing on the next Business Day. The Manager will pay the net repurchase proceeds to the Unit Holder or the Unit Holder s EPF account (where applicable) within 10 days from the receipt of the request to repurchase provided that all documentation are complete. In the event of any technical difficulties beyond the Manager s control or should the redemption request result in the sale of assets which cannot be liquidated at an appropriate price or on adequate terms and is as such not in the interest of the existing Unit Holders, redemption monies may be paid at such other period as may be permitted by the relevant authorities from time to time. 6 Updated as at May 2014
CONTACT INFORMATION 1. For any enquires and / or complaint (internal dispute resolution), you may contact: (a) AMB Client Services via Tel : +603-2034 0800 Fax : +603-2162 5958 / +603-2163 3212 Email : ambcare@pnb.com.my Or you may also file your dispute at our premise: Amanah Mutual Berhad 34th Floor Menara PNB 201-A Jalan Tun Razak 50400 Kuala Lumpur (b) Distribution Channels Please refer to Section 20 of the Master Prospectus for Conventional Fund for details on the appointed Distribution Channels. Alternatively, you may also visit AMB s website at www.ambmutual.com.my 2. 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 : +603-2282 2280 (b) via fax to : +603-2282-3855 (c) via email to : info@sidrec.com.my (d) via letter to : Securities Industry Dispute Resolution Center (SIDREC) Unit A-9-1, Level 9, Tower A Menara UOA Bangsar No. 5, Jalan Bangsar Utama 1 59000 Kuala Lumpur 3. You can also direct your complaint to the Securities Commission even if you have initiated a dispute resolution process with SIDREC. To make a complaint, please contact the SC s Investor Affairs & Complaints Department: (a) via phone to the Aduan Hotline at : +603-6204 8999 (b) via fax to : +603-6204 8991 (c) via e-mail to : aduan@seccom.com.my (d) via online complaint form available at www.sc.com.my (e) via letter to : Investor Affairs & Complaints Department Securities Commission Malaysia 3 Persiaran Bukit Kiara Bukit Kiara 50490 Kuala Lumpur 7 Updated as at May 2014
APPENDIX : GLOSSARY AMB or Manager AMBUTF or the Fund Bursa Malaysia Business Day(s) Currency Deed Distribution Channel EPF External Investment Manager or EIM FBM KLCI Forward Pricing Investment Committee or IC Liquid Assets Amanah Mutual Berhad (195414-U). AMB Unit Trust Fund The Malaysian stock exchange, operated and maintained by Bursa Malaysia Securities Berhad (635998-W). A day on which the Bursa Malaysia is open for trading in securities. The base currency of the Fund i.e MYR (Malaysian Ringgit) The deed including any supplementary deed between the Manager, the Trustee and the Unit Holders for the Fund. An institution, corporation or an organisation that is appointed by AMB for the purpose of marketing and distributing the Fund inside and outside Malaysia as allowed by the applicable laws. Details are provided in Master Prospectus for Conventional Funds. Employees Provident Fund. The external investment manager of the fund, UOB Asset Management (Malaysia) Berhad (formerly known as UOB-OSK Asset Management Sdn Bhd) (219478-X) FTSE Bursa Malaysia KLCI The price of a Unit that is the NAV per Unit calculated at the next Valuation Point after an instruction or a request is received. The investment committee of the Fund which is primarily responsible for formulating, implementing and monitoring the investment management strategies of the Fund in accordance with the investment objectives of the Fund. Financial assets with characteristics including, but not limited to, the following: (i) easily convertible in large sums into cash at short notice; (ii) low counter party credit risks; and (iii) have sufficiently deep secondary market which continues to exist during tight liquidity situations. (Source: Bank Negara Malaysia Liquidity Framework 1998) Long Term NAV NAV of the Fund SC or Securities Commission Unit Holder(s) Units Valuation Point A period of more than five (5) years Net asset value. The NAV of the Fund is determined by deducting the value of all the Fund s liabilities from the value of all the Fund s assets, at the Valuation Point. For the purpose of computing the annual management fee and annual trustee fee, the NAV of the Fund should be inclusive of the management fee and trustee fee for the relevant day. Securities Commission Malaysia A person or persons registered as holder(s) of Units of any Fund and whose name(s) appear(s) in the register of Unit Holders. Units of any Fund. Such time(s) on a Business Day as may be decided by the Manager wherein the NAV of the Fund is calculated. Under normal circumstances, only one (1) valuation is conducted on each Business Day. 8 Updated as at May 2014
9 Updated as at May 2014