Date of Constitution Eastspring Investments Cash Management Fund May 2003 Eastspring Investments Islamic Income Fund... 8 February

Transcription

1 MASTER PROSPECTUS THIS MASTER PROSPECTUS IS DATED 15 JULY 2014 AND IS VALID UNTIL 14 JULY 2015 Comprising 25 funds: MONEY MARKET FUND Date of Constitution Eastspring Investments Cash Management Fund May 2003 Eastspring Investments Islamic Income Fund... 8 February 2007 BOND FUND Eastspring Investments Bond Fund Eastspring Investments Bond Plus Fund Eastspring Investments Institutional Income Fund Eastspring Investments Enhanced Income Fund Eastspring Investments Dana Wafi Eastspring Investments Dana al-islah BALANCED FUND Eastspring Investments Balanced Fund Eastspring Investments Asia Select Income Fund Eastspring Investments ASEAN al-adiil Fund MIXED ASSET FUND Eastspring Investments Dynamic Fund Eastspring Investments Dana Dinamik EQUITY FUND Eastspring Investments Small-cap Fund... Eastspring Investments Growth Fund... Eastspring Investments Equity Income Fund... Eastspring Investments MY Focus Fund... Eastspring Investments Asia Pacific Equity MY Fund... Eastspring Investments Dana al-ilham... Eastspring Investments Asia Pacific Shariah Equity Fund... Eastspring Investments Dinasti Equity Fund... FEEDER FUND Eastspring Investments Indonesia Equity MY Fund... Eastspring Investments Global Emerging Markets Fund... Eastspring Investments Global Basics MY Fund... Eastspring Investments Global Leaders MY Fund... Date of Constitution 29 May April April May February August 2002 Date of Constitution 29 May November October 2013 Date of Constitution 6 November February 2004 Date of Constitution 29 May May October March July August November October 2009 Date of Constitution 27 April January January March 2006 INVESTORS ARE ADVISED TO READ AND UNDERSTAND THE CONTENTS OF THIS MASTER PROSPECTUS. IF IN DOUBT, PLEASE CONSULT A PROFESSIONAL ADVISER. FOR INFORMATION CONCERNING CERTAIN RISK FACTORS WHICH SHOULD BE CONSIDERED BY PROSPECTIVE INVESTORS, SEE RISK FACTORS COMMENCING ON PAGE 69. MANAGER Eastspring Investments Berhad ( U) TRUSTEE Deutsche Trustees Malaysia Berhad ( H)

2

3 PREFACE Dear Investor, At Eastspring Investments Berhad ( Eastspring ), we provide a broad range of unit trust funds to cater to the varying investment needs of our unit trust investors. We are pleased to feature in this master prospectus, our range of unit trust funds comprising conventional and Shariah-compliant equity, balanced, mixed-assets, bond and money market funds. You will find that Chapter 3: Key Data is a useful section of this master prospectus which will provide you with a summary of the respective Funds objective and investment strategy. The Key Data also sets out the investor s profile which will give some indication as to whether any of our Funds would be suitable for your investment needs. All investments carry some form of risk. Please refer to Chapter 4: Risk Factors for further information on the specific risks of the Fund. It is also important to note that there are fees and charges relating to the Fund such as sales charge, repurchase charge, annual management fee, annual trustee fee, switching fee, transfer fee and other expenses. The fees and charges are also set out in the Key Data section. You may buy or sell Units at any of our branches listed on page 339 or through our Authorised Distributors listed on pages 340, 341 and 342. Should you have any enquiries, you may contact our client services at or our Authorised Distributors near you. Yours faithfully for and on behalf of Eastspring Investments Berhad CHEAH LEE LING Executive Director/Chief Executive Officer

4 RESPONSIBILITY STATEMENTS This master prospectus has been reviewed and approved by the directors of Eastspring Investments 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 this master prospectus false or misleading. STATEMENT OF DISCLAIMER The Securities Commission Malaysia has authorized the Funds and a copy of this master prospectus has been registered with the Securities Commission Malaysia. The authorization, and registration of this master prospectus, should not be taken to indicate that the Securities Commission Malaysia recommends the Funds or assumes responsibility for the correctness of any statement made or opinion or report expressed in this master prospectus. The Securities Commission Malaysia is not liable for any non-disclosure on the part of Eastspring Investments Berhad which is responsible for the Funds and takes no responsibility for the contents in this master prospectus. The Securities Commission Malaysia makes no representation on the accuracy or completeness of this master 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. II EASTSPRING MASTER PROSPECTUS 2014

5 ADDITIONAL STATEMENTS No Units will be issued or sold based on this master prospectus later than one (1) year after the date of this master prospectus. Investors are advised to note that recourse for false or misleading statements or acts made in connection with this master prospectus is directly available through sections 248, 249 and 357 of the Capital Markets and Services Act Eastspring Investments Islamic Trust (comprising Eastspring Investments Dana al-ilham, Eastspring Investments Dana al-islah and Eastspring Investments Dana Wafi), Eastspring Investments Dana Dinamik, Eastspring Investments Islamic Income Fund, Eastspring Investments Asia Pacific Shariah Equity Fund, Eastspring Investments Dinasti Equity Fund and Eastspring Investments ASEAN al-adiil Fund have been certified as being Shariah-compliant by the Shariah advisers appointed for the Funds. This master prospectus does not constitute an offer or solicitation by anyone in any country or jurisdiction other than in Malaysia. Accordingly, this master prospectus may not be used for the purpose of an offer or solicitation in any jurisdiction or in any circumstances in which such offer and solicitation is not authorized.

6 TABLE OF CONTENTS 01. DEFINITIONS CORPORATE DIRECTORY KEY DATA 15 General information 16 Fund information 18 Money market fund 18 Bond fund 20 Balanced fund 26 Mixed asset fund 30 Equity fund 32 Feeder fund 41 Fees, charges and expenses 50 Transaction details 56 Income distribution 61 Other information RISK FACTORS INFORMATION ON THE FUND 85 Eastspring Investments Cash Management Fund 86 Eastspring Investments Islamic Income Fund 87 Eastspring Investments Bond Fund 89 Eastspring Investments Bond Plus Fund 91 Eastspring Investments Institutional Income Fund 93 Eastspring Investments Enhanced Income Fund 94 Eastspring Investments Dana Wafi 96 Eastspring Investments Dana al-islah 98 Eastspring Investments Balanced Fund 100 Eastspring Investments Asia Select Income Fund 102 Eastspring Investments ASEAN al-adiil Fund 104 Eastspring Investments Dynamic Fund 106 Eastspring Investments Dana Dinamik 108 Eastspring Investments Small-cap Fund 110 Eastspring Investments Growth Fund 112 Eastspring Investments Equity Income Fund 114 Eastspring Investments MY Focus Fund 115 Eastspring Investments Asia Pacific Equity MY Fund 118 Eastspring Investments Dana al-ilham 119 Eastspring Investments Asia Pacific Shariah Equity Fund 121 Eastspring Investments Dinasti Equity Fund 123 Eastspring Investments Indonesia Equity MY Fund 125 Eastspring Investments Global Emerging Markets Fund 126

7 Eastspring Investments Global Basics MY Fund 128 Eastspring Investments Global Leaders MY Fund INFORMATION ON THE TARGET FUND 151 Eastspring Investments Indonesia Equity Fund 152 M&G - Global Leaders 166 M&G - Global Basics 166 Schroder International Selection Fund Emerging Markets PERFORMANCE OF THE FUND 199 Financial highlights 200 Distribution 221 Portfolio turnover ratio 224 Asset allocation HISTORICAL FINANCIAL HIGHLIGHTS OF THE FUND 233 Eastspring Investments Dana al-ilham 234 Eastspring Investments Dana al-islah 234 Eastspring Investments Dana Wafi 235 Eastspring Investments Islamic Income Fund 236 Eastspring Investments Asia Pacific Equity MY Fund 236 Eastspring Investments Indonesia Equity MY Fund 237 Eastspring Investments Bond Plus Fund 238 Eastspring Investments Small-cap Fund 238 Eastspring Investments Growth Fund 239 Eastspring Investments Balanced Fund 240 Eastspring Investments Bond Fund 240 Eastspring Investments Cash Management Fund 241 Eastspring Investments Global Basics MY Fund 242 Eastspring Investments Global Emerging Markets Fund 242 Eastspring Investments MY Focus Fund 243 Eastspring Investments Dana Dinamik 244 Eastspring Investments Asia Pacific Shariah Equity Fund 244 Eastspring Investments Institutional Income Fund 245 Eastspring Investments Enhanced Income Fund 246 Eastspring Investments Dinasti Equity Fund 246 Eastspring Investments Dynamic Fund 247 Eastspring Investments Equity Income Fund 248 Eastspring Investments Asia Select Income Fund 248 Eastspring Investments Global Leaders MY Fund 249 Total annual expenses incurred by the fund 251 Management expense ratio 253

8 09. FEES, CHARGES AND EXPENSES TRANSACTION INFORMATION THE MANAGEMENT AND THE ADMINISTRATION OF THE FUND THE SHARIAH ADVISER THE TRUSTEE SALIENT TERMS OF THE DEED APPROVALS AND CONDITIONS RELATED PARTY TRANSACTIONS OR CONFLICT OF INTEREST TAXATION ADVISER S LETTER ON TAXATION OF THE FUNDS AND UNIT HOLDERS ADDITIONAL INFORMATION DOCUMENTS AVAILABLE FOR INSPECTION UNIT TRUST LOAN FINANCING RISK DISCLOSURE STATEMENT COMPLIANCE WITH LAWS IN VARIOUS JURISDICTIONS DIRECTORY OF SALES OFFICE LIST OF DISTRIBUTION CHANNELS 340

9 EASTSPRING MASTER PROSPECTUS 2014 DEFINITIONS EASTSPRING MASTER PROSPECTUS

10 01. DEFINITIONS In this master prospectus the following abbreviations or words shall have the following meanings unless expressly stated. ACD means M&G Securities Limited, the Authorised Corporate Director of M&G Investment Funds (1); Act means the Capital Markets and Services Act 2007 as may be amended from time to time; Authorised Distributors refers to Institutional Unit Trust Advisers (IUTA), Corporate Unit Trust Advisers (CUTA), Unit Trust Consultants (UTC), and the Manager and any other entities authorised by the Manager to market and distribute the Funds; BNM means Bank Negara Malaysia; Bursa Malaysia means the stock exchange managed and operated by the Bursa Malaysia Securities Berhad; Business Day means a day in which Bursa Malaysia is open for trading. The Manager may also declare certain Business Days as non-business Days when one or more of the foreign markets in which the Fund is invested therein is closed for trading; and/or one or more of the collective investment schemes in which the Fund is invested therein declared certain business days as non business days; COLL refers to the appropriate chapter or rule in the Collective Investment Schemes Sourcebook issued by the Financial Conduct Authority (FCA) as amended or re-enacted from time to time; CSSF means the Commission de Surveillance du Secteur Financier (Luxembourg financial supervisory authority); CUTA means the Corporate Unit Trust Advisers licensed by the Securities Commission Malaysia and registered with the Federation of Investment Managers Malaysia to market and distribute unit trust funds; Date of Constitution means the date of the first Prospectus of the Fund and is the date on which sales of the Fund were first made; the Date of Constitution is also the launch date of the Fund; Deed means the deeds or master deeds for the respective Funds and any other supplemental deeds and master supplemental deeds that may be entered into between the Manager and the Trustee and registered with the Securities Commission Malaysia; Deposits means money placed with financial institutions in fixed deposit or current account; 2 EASTSPRING MASTER PROSPECTUS 2014

11 DJIM APxJ Index means the Dow Jones Islamic Market Asia Pacific ex- Japan Index; DJIM Great China Index means the Dow Jones Islamic Market Greater China Index; EEA means European Economic Area; Eligible Market means 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 in question; Eligible State means any EU member state of the European Union (EU), any EU member state of the Organisation for Economic Co-operation and Development (OECD), and any other state which the board of directors of Schroder International Selection Fund deem appropriate; EPF means the Employees Provident Fund; FBMS means FTSE Bursa Malaysia EMAS Shariah Index; FBM100 means the FTSE Bursa Malaysia 100 Index; FBMKLCI means FTSE Bursa Malaysia KLCI Index; FBMSC means FTSE Bursa Malaysia Small Cap Index; FTSE Global Basics Composite Index means the Financial Times Stock Exchange Global Basics Composite Index; financial institution if the institution is in Malaysia i. licensed bank; ii. licensed investment bank; or iii. Islamic bank; if the institution is outside Malaysia, any institution that is licensed, registered, approved or authorised to provide financial services by the relevant banking regulator. ETF means exchange traded fund; External Fund Manager means Eastspring Investments (Singapore) Limited appointed for Eastspring Investments Asia Pacific Equity MY Fund; EASTSPRING MASTER PROSPECTUS

12 the Fund or Funds means the following twenty five (25) funds covered under this master prospectus which are collectively called the Funds and individually called the Fund : Eastspring Investments Islamic Trust comprises of three funds:- i) Eastspring Investments Dana al-ilham Eastspring Dana al-ilham ii) Eastspring Investments Dana al-islah Eastspring Dana al-islah iii) Eastspring Investments Dana Wafi Eastspring Dana Wafi Eastspring Investments Dana Dinamik Eastspring Dana Dinamik Eastspring Investments Islamic Income Fund Eastspring Islamic Income Eastspring Investments Asia Pacific Shariah Equity Fund Eastspring Asia Pacific Shariah Equity Eastspring Investments Dinasti Equity Fund Eastspring Dinasti Equity Eastspring Investments Master Trust comprises of five funds:- i) Eastspring Investments Small-cap Fund Eastspring Small-cap ii) Eastspring Investments Growth Fund Eastspring Growth iii) Eastspring Investments Balanced Fund Eastspring Balanced iv) Eastspring Investments Bond Fund Eastspring Bond v) Eastspring Investments Cash Management Fund Eastspring Cash Management Eastspring Investments Dynamic Fund Eastspring Dynamic Eastspring Investments Equity Income Fund Eastspring Equity Income Eastspring Investments Institutional Income Fund Eastspring Institutional Income Eastspring Investments MY Focus Fund Eastspring MY Focus Eastspring Investments Asia Pacific Equity MY Fund Eastspring Asia Pacific Equity MY Eastspring Investments Asia Select Income Fund Eastspring Asia Select Income Eastspring Investments Global Leaders MY Fund Eastspring Global Leaders MY Eastspring Investments Global Basics MY Fund Eastspring Global Basics MY Eastspring Investments Enhanced Income Fund Eastspring Enhanced Income Eastspring Investments Global Emerging Markets Fund Eastspring Global Emerging Markets Eastspring Investments Indonesia Equity MY Fund Eastspring Indonesia Equity MY Eastspring Investments Bond Plus Fund Eastspring Bond Plus Eastspring Investments ASEAN al-adiil Fund Eastspring ASEAN al-adiil GIA means General Investment Account; Greater China includes People s Republic of China, Hong Kong, Macau and Taiwan and other administrative regions managed by the People s Republic of China; 4 EASTSPRING MASTER PROSPECTUS 2014

13 Guidelines means the Guidelines on Unit Trust Funds issued by the Securities Commission Malaysia as may be amended from time to time; Investment Manager means in relation to feeder funds managed by Eastspring Investments Berhad, the Investment Manager of the Target Fund. In the case of Eastspring Investments Global Leaders MY Fund and Eastspring Investments Global Basics MY Fund means the M&G Investment Management Limited, Eastspring Investments Global Emerging Markets Fund means the Schroder Investment Management (United Kingdom) Limited, and Eastspring Investments Indonesia Equity MY Fund means Eastspring Investments (Singapore) Limited; IOSCO means the International Organization of Securities Commissions; IUTA means an Institutional Unit Trust Advisers approved by the Securities Commission Malaysia and registered with the Federation of Investment Managers Malaysia to market and distribute unit trust funds; JCI means the Jakarta Composite Index; Law means the law on undertakings for collective investment dated 17 December 2010; liquid assets means any permitted investments capable of being converted into cash within seven (7) days; long-term means a period of more than 5 years; Manager or We means Eastspring Investments Berhad; medium-term means a period of three (3) to five (5) years; MSCI means Morgan Stanley Capital International; MSCI AC APxJ Index means the Morgan Stanley Capital International All Country Asia Pacific ex Japan Index; MSCI China Index means the Morgan Stanley Capital International China Index; MSCI EM Net TR USD means Morgan Stanley Capital International Emerging Markets Net Total Return United States Dollar; MSCI India Index means the Morgan Stanley Capital International India Index; MSCI World Index means Morgan Stanley Capital International World Index; EASTSPRING MASTER PROSPECTUS

14 Net Asset Value (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; NAV per Unit means the NAV of the Fund divided by the number of units in circulation, at the valuation point; Quant Shop MGS Short Index means the Quant Shop Malaysian Government Securities Short Index; Quant Shop MGS Medium Index means the Quant Shop Malaysian Government Securities Medium Index; RAM means RAM Rating Services Berhad; Regulated Market means a market within the meaning of Directive 2004/39/ EC of the European Parliament and of the Council of 21 April 2004 on markets in financial instruments or another regulated market, which operates regularly and is recognised and open to the public in an Eligible State; SAC means the Shariah Advisory Council; SACSC means the Shariah Advisory Council of the Securities Commission; SC means the Securities Commission Malaysia established under the Securities Commission Act 1993; Shareholder(s) means the holder of one or more Shares of any class of any Sub-fund in the Prospectus of the Target Funds; Share(s) means a share of the Target Fund in the capital of the SICAV; Shariah means Islamic Law comprising the whole body of rulings pertaining to human conducts derived from sources of the Shariah; Shariah adviser means IBFIM; Shariah-compliant with respect to securities, means securities that are approved by the SACSC and/ or the Shariah adviser based on the interpretation of the Shariah by the SACSC and/or the Shariah adviser; Shariah requirements is a phrase or expression which generally means making sure that any human conduct must not involve any prohibition and that in performing that conduct all the essential elements that make up 6 EASTSPRING MASTER PROSPECTUS 2014

15 the conduct must be present and each essential element must meet all the necessary conditions required by the Shariah for that element; short-term means a period of less than three (3) years; the SICAV means in relation the Eastspring Investments and Schroder International Selection Fund, a Luxembourg investment company with variable capital (Société d Investissement à Capital Variable) subject to Part one of the 2002 Law incorporated as a public limited liability company (Société anonyme); Special Resolution means a resolution passed at a meeting of Unit Holders duly convened in accordance with the Deed and carried by a majority in number representing at least threefourths of the value of the Units held by the Unit Holders voting at the Meeting in person or by proxy; Sub-fund means a portfolio of assets invested according to a specific investment policy set out in the Eastspring Investments Prospectus, the Schroder International Selection Fund Prospectus and the M&G Investment Funds (1) Prospectus; sukuk 1 means certificates of equal value which evidence undivided ownership or investment in the assets using Shariah principles and concepts endorsed by the SAC; the Target Fund means the M&G Global Leaders Fund relating to Eastspring Investments Global Leaders MY Fund; the M&G Global Basics Fund relating to Eastspring Investments Global Basics MY Fund; the Schroder International Selection Fund Emerging Markets relating to Eastspring Investments Global Emerging Markets Fund; the Eastspring Investments Indonesia Equity Fund relating to Eastspring Investments Indonesia Equity MY Fund and the Eastspring Investments Dragon Peacock Fund relating to Eastspring Investments Asia Select Income Fund (for the avoidance of doubt, the Eastspring Investments Asia Select Income Fund is not a feeder fund); transferable securities means equities, debentures and warrants; Trustee means Deutsche Trustees Malaysia Berhad; UCITS is an undertaking for collective investment in transferable securities within the meaning of Article 1(2) 1 Extracted from the Securities Commission, Guidelines on Sukuk; Revised: 8 January 2014, Effective: 8 January 2014 EASTSPRING MASTER PROSPECTUS

16 of Council Directive 85/611/EEC of 20 December 1985, as amended; UCI is an other undertaking for collective investment within the meaning of the first and second indent of Article 1(2) of Council Directive 85/611/EEC of 20 December 1985, as amended; Unit(s) means an undivided share in the beneficial interest and/or right in the Fund and a measurement of the interest and/ or right of a Unit Holder in the Fund and means a Unit of the Fund; Unit Holder(s) or you means the person for the time being who is registered pursuant to the Deed as a holder of Units of the Fund; and UTC means an Unit Trust Consultant registered with the Federation of Investments Managers Malaysia to market and distributes unit trust funds. 8 EASTSPRING MASTER PROSPECTUS 2014

17 EASTSPRING MASTER PROSPECTUS 2014 CORPORATE DIRECTORY EASTSPRING MASTER PROSPECTUS

18 02. CORPORATE DIRECTORY THE MANAGER NAME EASTSPRING INVESTMENTS BERHAD COMPANY NO U REGISTERED OFFICE 16 th Floor, Wisma Sime Darby Jalan Raja Laut Kuala Lumpur HEAD OFFICE Level 12, Menara Prudential No. 10, Jalan Sultan Ismail Kuala Lumpur TELEPHONE NO FAX NO WEBSITE THE MANAGER S DELEGATE EXTERNAL FUND MANAGER FOR EASTSPRING INVESTMENTS ASIA PACIFIC EQUITY MY FUND NAME EASTSPRING INVESTMENTS (SINGAPORE) LIMITED COMPANY NO H REGISTERED OFFICE No. 10, Marina Boulevard #32-01 Marina Bay Financial Center Tower 2 Singapore TELEPHONE NO FAX NO WEBSITE TRUSTEE NAME DEUTSCHE TRUSTEES MALAYSIA BERHAD COMPANY NO H REGISTERED OFFICE/BUSINESS OFFICE Level 18-20, Menara IMC No. 8, Jalan Sultan Ismail Kuala Lumpur TELEPHONE NO FAX NO TRUSTEE S DELEGATE CUSTODIAN NAME DEUTSCHE BANK (MALAYSIA) BERHAD 10 EASTSPRING MASTER PROSPECTUS 2014

19 COMPANY NO W REGISTERED OFFICE Level 18, Menara IMC No. 8, Jalan Sultan Ismail Kuala Lumpur HEAD OFFICE Level 18-20, Menara IMC No. 8, Jalan Sultan Ismail Kuala Lumpur TELEPHONE NO FAX NO BOARD OF DIRECTORS OF THE MANAGER Guy Robert Strapp (Chairman, non-independent director) Ho Yik (Independent, non-executive director) Iskander bin Ismail Mohamed Ali (Independent, non-executive director) Tan Sri Datuk Abdul Rahim bin Haji Din (Non-independent, non-executive director) Cheah Lee Ling (Non-independent, executive director) Julian Christopher Vivian Pull (Non-independent, non-executive director) INVESTMENT COMMITTEE OF THE FUNDS Ho Yik (Independent member) Robert Yap Yen Choon (Independent member) Abdul Khalil bin Abdul Hamid (Independent member, for Shariahcompliant Funds only) Cheah Lee Ling (Non-independent member) Tan Sri Datuk Abdul Rahim bin Haji Din (Non-independent member, for conventional Funds and Shariahcompliant Funds) SHARIAH ADVISER NAME IBFIM COMPANY NO W REGISTERED ADDRESS No. 149A, 149B, 151B Persiaran Raja Muda Musa Port Klang Selangor Darul Ehsan BUSINESS ADDRESS 3 rd Floor, Menara Takaful Malaysia Jalan Sultan Sulaiman Kuala Lumpur EASTSPRING MASTER PROSPECTUS

20 TELEPHONE NO FAX NO WEBSITE AUDIT AND COMPLIANCE COMMITTEE OF THE MANAGER Ho Yik (Independent) Iskander bin Ismail Mohamed Ali (Independent) Niall Dermot Grady (Non-independent) COMPANY SECRETARY OF THE MANAGER NAME Vijey a/l R. Mohana Krishnan (BC/V/143) ADDRESS RDL Corporate Services Sdn Bhd 16 th Floor, Wisma Sime Darby Jalan Raja Laut Kuala Lumpur TELEPHONE NO FEDERATION OF INVESTMENT MANAGERS MALAYSIA ADDRESS , 6 th Floor PNB Damansara No. 19, Lorong Dungun Damansara Heights Kuala Lumpur TELEPHONE NO FAX NO info@fimm.com.my WEBSITE AUDITORS OF THE MANAGER AND FOR EASTSPRING INVESTMENTS MASTER TRUST NAME KPMG ADDRESS Level 10, KPMG Tower No. 8, First Avenue Bandar Utama Petaling Jaya Selangor TELEPHONE NO EASTSPRING MASTER PROSPECTUS 2014

21 AUDITORS FOR THE FUNDS (OTHER THAN EASTSPRING INVESTMENTS MASTER TRUST) NAME PRICEWATERHOUSECOOPERS ADDRESS Level 10, 1 Sentral Jalan Travers Kuala Lumpur Sentral P.O. Box Kuala Lumpur TELEPHONE NO TAXATION ADVISER FOR EASTSPRING INVESTMENTS MASTER TRUST NAME KPMG Tax Services Sdn Bhd ADDRESS Level 10, KPMG Tower No. 8, First Avenue Bandar Utama Petaling Jaya Selangor TELEPHONE NO ADDRESS Level 10, 1 Sentral Jalan Travers Kuala Lumpur Sentral P.O. Box Kuala Lumpur TELEPHONE NO FUND VALUER NAME DEUTSCHE BANK (MALAYSIA) BERHAD COMPANY NO W REGISTERED OFFICE Level 18, Menara IMC No. 8, Jalan Sultan Ismail Kuala Lumpur HEAD OFFICE Level 18-20, Menara IMC No. 8, Jalan Sultan Ismail Kuala Lumpur TELEPHONE NO FAX NO TAXATION ADVISER FOR THE FUNDS (OTHER THAN EASTSPRING INVESTMENTS MASTER TRUST) NAME PRICEWATERHOUSECOOPERS TAXATION SERVICES SDN BHD REGISTRAR AND TRANSFER AGENT NAME DEUTSCHE TRUSTEES MALAYSIA BERHAD EASTSPRING MASTER PROSPECTUS

22 COMPANY NO H REGISTERED OFFICE/ BUSINESS OFFICE Level 18-20, Menara IMC No. 8, Jalan Sultan Ismail Kuala Lumpur TELEPHONE NO FAX NO SOLICITORS NAMES MESSRS NAQIZ & PARTNERS ADDRESS No. 42A, Lorong Dungun Damansara Heights Kuala Lumpur TELEPHONE NO PRINCIPAL BANKERS NAME MALAYAN BANKING BERHAD ADDRESS No. 100, Jalan Tun Perak Kuala Lumpur TELEPHONE NO NAME STANDARD CHARTERED BANK MALAYSIA BERHAD ADDRESS Level 16, Menara Standard Chartered No. 30, Jalan Sultan Ismail Kuala Lumpur TELEPHONE NO NAME HSBC BANK MALAYSIA BERHAD ADDRESS No. 2, Leboh Ampang Kuala Lumpur TELEPHONE NO NAME DEUTSCHE BANK (MALAYSIA) BERHAD ADDRESS Level 18, Menara IMC No. 8, Jalan Sultan Ismail Kuala Lumpur TELEPHONE NO EASTSPRING MASTER PROSPECTUS 2014

23 EASTSPRING MASTER PROSPECTUS 2014 KEY DATA EASTSPRING MASTER PROSPECTUS

24 03. KEY DATA THIS SECTION IS ONLY A SUMMARY OF THE SALIENT INFORMATION ABOUT THE FUNDS, INVESTORS SHOULD READ AND UNDERSTAND THE WHOLE MASTER PROSPECTUS BEFORE MAKING ANY INVESTMENT DECISIONS. GENERAL INFORMATION Fund name Fund type Shariahcompliant Funds MONEY MARKET FUND EPF Members Investment Scheme Geographical coverage Eastspring Cash Management Eastspring Islamic Income Income - Malaysia Income Malaysia BOND FUND Eastspring Bond Income - Malaysia Eastspring Bond Plus Income - - Malaysia & Global Eastspring Institutional Income Income - - Malaysia Eastspring Enhanced Income Growth & income - - Malaysia & Asia Pacific Eastspring Dana Wafi Income - Malaysia Eastspring Dana al-islah Income Malaysia BALANCED FUND Eastspring Balanced Eastspring Asia Select Income Eastspring ASEAN al-adiil Growth & income Growth & income Growth & income - Malaysia - - Malaysia, China & India - ASEAN 16 EASTSPRING MASTER PROSPECTUS 2014

25 Fund name Fund type Shariahcompliant Funds MIXED ASSET FUND EPF Members Investment Scheme Geographical coverage Eastspring Dynamic Growth - Malaysia Eastspring Dana Dinamik EQUITY FUND Growth & income Malaysia Eastspring Small-cap Growth - Malaysia Eastspring Growth Growth - Malaysia Eastspring Equity Income Income - Malaysia Eastspring MY Focus Growth & income - Malaysia Eastspring Asia Pacific Equity MY Eastspring Dana al-ilham Eastspring Asia Pacific Shariah Equity Eastspring Dinasti Equity Growth - - Asia Pacific Growth Malaysia Growth - Asia Pacific Growth - Greater China FEEDER FUND Eastspring Indonesia Equity MY Eastspring Global Emerging Markets Eastspring Global Basics MY Eastspring Global Leaders MY Growth - - Indonesia Growth - - Global Emerging Markets Growth - - Global Growth - - Global EASTSPRING MASTER PROSPECTUS

26 FUND INFORMATION Eastspring Cash Management MONEY MARKET FUND Fund Category/ Fund Type Money market/income Fund Objective Investment Strategy The Fund seeks to provide a high level of liquidity with reasonable returns by investing in a portfolio of money market and other short-term debt instruments. The Fund seeks to achieve its objective by investing in a portfolio of short-term money market instruments and short-term debentures. Asset Allocation Up to 99% of the Fund s NAV in permitted investments which have a remaining maturity period of not more than 365 days. Up to 10% of the Fund s NAV in permitted investments which have a remaining maturity period of more than 365 days but fewer than 732 days. At least 1% of the Fund s NAV in Deposits or liquid assets. Principal Risks Investor Profile Performance Benchmark Credit or Default risk Interest rate risk Investors who have low risk tolerance adopt a short-term investment horizon Maybank overnight rate Source: Note: The risk profile of the Fund is different from the risk profile of the performance benchmark. Launch Date 29 May 2003 Financial Year End 31 December 18 EASTSPRING MASTER PROSPECTUS 2014

27 Eastspring Islamic Income MONEY MARKET FUND Fund Category/ Fund Type Shariah money market/income Fund Objective Investment Strategy The Fund seeks to provide liquidity and a steady income* stream by investing in money market instruments and short-term debentures which are Shariah-compliant. The Fund seeks to achieve its objective by investing in a portfolio of short-term Islamic money market instruments and short-term sukuk. Asset Allocation Up to 99% of the Fund s NAV in permitted investments which have a remaining maturity period of not more than 365 days. Up to 10% of the Fund s NAV in permitted investments which have a remaining maturity period of more than 365 days but fewer than 732 days. At least 1% of the Fund s NAV in Islamic Deposits or Islamic liquid assets. Principal Risks Investor Profile Performance Benchmark Credit or Default risk Interest rate risk Investors who: seek liquidity and a steady income* stream have low risk tolerance adopt a short-term investment horizon Maybank Islamic overnight rate Source: Note: The risk profile of the Fund is different from the risk profile of the performance benchmark. Launch Date 8 February 2007 Financial Year End 31 March * Income will be reinvested into additional Units unless Unit Holder opts for the distribution to be paid out. Kindly refer to page 61 for more information on the mode of distribution. EASTSPRING MASTER PROSPECTUS

28 Eastspring Bond BOND FUND Fund Category/ Fund Type Bond/income Fund Objective Investment Strategy The Fund seeks to provide investors with a steady stream of income* returns by investing principally in a portfolio of investment grade fixed income securities with exposure in non-investment grade fixed income securities which yield above average returns. The Fund seeks to achieve its objective by investing in a portfolio of fixed income securities. Asset Allocation Up to 99% of the Fund s NAV in fixed income securities. Up to 99% of the Fund s NAV in debt instruments issued by the government, government agencies and/or BNM. At least 1% of the Fund s NAV in Deposits or liquid assets. Principal Risks Investor Profile Performance Benchmark Credit or Default risk Interest rate risk Investors who: seek a steady income* stream have low to medium risk tolerance adopt a medium-term investment horizon Quant Shop MGS Medium Index Source: Note: The risk profile of the Fund is different from the risk profile of the performance benchmark. Launch Date 29 May 2001 Financial Year End 31 December * Income will be reinvested into additional Units unless Unit Holder opts for the distribution to be paid out. Kindly refer to page 61 for more information on the mode of distribution. 20 EASTSPRING MASTER PROSPECTUS 2014

29 Eastspring Bond Plus BOND FUND Fund Category/ Fund Type Bond/income Fund Objective Investment Strategy The Fund seeks to provide a steady stream of income*. The Fund seeks to achieve its objective by investing a minimum of 70% of the Fund s NAV in fixed income securities. Not more than 30% of the Fund s NAV may be invested in foreign fixed income securities. The fixed income securities comprise, amongst others, sovereign bonds and corporate bonds (listed and unlisted). The Fund may also invest in fixed income collective investment schemes as well as liquid assets. Asset Allocation Minimum 70% of the Fund s NAV in fixed income securities. Maximum 30% of the Fund s NAV in fixed income collective investment schemes as well as liquid assets. Principal Risks Investor Profile Performance Benchmark Credit or Default risk Counterparty risk Interest rate risk Countries or Foreign securities risk Currency risk Income distribution risk Investors who: seek a steady income* stream have low to moderate risk tolerance adopt a medium-term investment horizon Quant Shop MGS Medium Index Source: Note: The risk profile of the Fund is different from the risk profile of the performance benchmark. Launch Date 1 April 2013 Financial Year End 31 March * Income will be reinvested into additional Units unless Unit Holder opts for the distribution to be paid out. Kindly refer to page 61 for more information on the mode of distribution. EASTSPRING MASTER PROSPECTUS

30 Eastspring Institutional Income BOND FUND Fund Category/ Type of Fund Bond/income Fund Objective Investment Strategy The Fund seeks to provide a stable stream of income* by investing in fixed income securities. The Fund seeks to achieve its objective by investing in a portfolio of fixed income securities. Asset Allocation Up to 99% of the Fund s NAV in permitted investments with portfolio maturing within 365 days. Up to 30% of the Fund s NAV in permitted investments with portfolio maturity exceeding 365 days. At least 1% of the Fund s NAV in Deposits or liquid assets. Principal Risks Investor Profile Performance Benchmark Credit or Default risk Interest rate risk Investors who: seek a stable income* stream have medium risk tolerance adopt a short-term investment horizon Maybank overnight rate Source: Note: The risk profile of the Fund is different from the risk profile of the performance benchmark. Launch Date 7 April 2005 Financial Year End 30 September * Income will be reinvested into additional Units unless Unit Holder opts for the distribution to be paid out. Kindly refer to page 61 for more information on the mode of distribution. 22 EASTSPRING MASTER PROSPECTUS 2014

31 Eastspring Enhanced Income BOND FUND Fund Category/ Fund Type Fund Objective Fixed income/growth and income The Fund seeks to provide income* stream and an opportunity for capital appreciation by investing in a portfolio of Malaysian and foreign securities. Note: The Fund s focus is on income. Investment Strategy The Fund seeks to achieve its objective by investing in a portfolio comprising Malaysian fixed income securities and money market instruments as well as Malaysian and foreign equities and equityrelated securities, and collective investment schemes that invest in the Asia Pacific markets. Asset Allocation Up to 30% of the Fund s NAV in equities and equity-related securities, and collective investment schemes. The remaining of the Fund s NAV in fixed income securities, Deposits and/or liquid assets. At least 0.2% of the Fund s NAV in Deposits or liquid assets. Principal Risks Investor Profile Performance Benchmark Credit or Default risk Interest rate risk Security risk Countries or Foreign securities risk Currency risk Investors who: seek a steady income* stream have medium risk tolerance adopt a medium to long-term investment horizon 70% Quant Shop MGS Medium Index + 30% MSCI AC APxJapan Index Launch Date 28 May 2007 Source: and Note: The risk profile of the Fund is different from the risk profile of the performance benchmark. Financial Year End 30 September * Income will be reinvested into additional Units unless Unit Holder opts for the distribution to be paid out. Kindly refer to page 61 for more information on the mode of distribution. EASTSPRING MASTER PROSPECTUS

32 Eastspring Dana Wafi BOND FUND Fund Category/ Fund Type Shariah fixed income/income Fund Objective Investment Strategy The Fund seeks to generate stable income* by investing in Shariah-compliant fixed income securities. The Fund seeks to achieve its objective by investing in a portfolio of sukuk. Asset Allocation Up to 99% of the Fund s NAV in sukuk and Islamic money market instruments issued by the government, government agencies and/or BNM. At least 1% of the Fund s NAV in Islamic Deposits or Islamic liquid assets. Principal Risks Investor Profile Performance Benchmark Credit or Default risk Interest rate risk Investors who: seek a stable income* stream have low to medium risk tolerance adopt a medium-term investment horizon Quant Shop MGS Medium Index Source: Note: The risk profile of the Fund is different from the risk profile of the performance benchmark. Launch Date 21 February 2005 Financial Year End 31 March * Income will be reinvested into additional Units unless Unit Holder opts for the distribution to be paid out. Kindly refer to page 61 for more information on the mode of distribution. 24 EASTSPRING MASTER PROSPECTUS 2014

33 Eastspring Dana al-islah BOND FUND Fund Category/ Fund Type Shariah fixed income/income Fund Objective Investment Strategy The Fund seeks to provide investors with a stable income* stream and an opportunity for capital appreciation from Shariahcompliant fixed income and equity securities. The Fund seeks to achieve its objective by investing in a portfolio comprising primarily sukuk and partially Shariah-compliant equities and equity-related securities. Asset Allocation Up to 99% of the Fund s NAV in sukuk and Islamic liquid assets. Up to 30% of the Fund s NAV in Shariah-compliant equities and equity-related securities. Principal Risks Investor Profile Performance Benchmark Credit or Default risk Interest rate risk Security risk Investors who: seek a stable income* stream have low to medium risk tolerance adopt a medium-term investment horizon 78% Quant Shop MGS Short Index + 22% FBMS Source: and Note: The risk profile of the Fund is different from the risk profile of the performance benchmark. Launch Date 14 August 2002 Financial Year End 31 March * Income will be reinvested into additional Units unless Unit Holder opts for the distribution to be paid out. Kindly refer to page 61 for more information on the mode of distribution. EASTSPRING MASTER PROSPECTUS

34 Eastspring Balanced BALANCED FUND Fund Category/ Type of Fund Balanced/growth & income Fund Objective The Fund seeks to provide investors with capital appreciation and a reasonable level of current income* by investing in a mixed portfolio of companies with good dividend yield and low price volatility and a portfolio of investment grade fixed income securities. Note: The Fund s focus is on growth. Investment Strategy The Fund seeks to achieve its objective by investing in a balanced portfolio comprising equities and equity-related securities and fixed income securities. Asset Allocation Up to 70% of the Fund s NAV in equities and equity-related securities. Up to 70% of the Fund s NAV in fixed income securities. At least 1% of the Fund s NAV in Deposits or liquid assets. Principal Risks Investor Profile Performance Benchmark Security risk Credit or Default risk Interest rate risk Investors who seek capital appreciation and income* have medium risk tolerance adopt a medium-term investment horizon 50% FBM % Maybank 12-month fixed deposit rate Source: and Note: The risk profile of the Fund is different from the risk profile of the performance benchmark. Launch Date 29 May 2001 Financial Year End 31 December * Income will be reinvested into additional Units unless Unit Holder opts for the distribution to be paid out. Kindly refer to page 61 for more information on the mode of distribution. 26 EASTSPRING MASTER PROSPECTUS 2014

35 Eastspring Asia Select Income BALANCED FUND Fund Category/ Fund Type Fund Objective Balanced/growth & income The Fund seeks to provide a stable income* stream and an opportunity for capital appreciation by investing primarily in a portfolio of Malaysian investment grade fixed income securities and a collective investment scheme primarily the Eastspring Investments Dragon Peacock Fund, which invests in equities and equity-related securities of corporations which are incorporated in, or listed in, or operating principally from, or carrying on significant business in, or derive substantial revenue from, or whose subsidiaries, related or associated corporations, derive substantial revenue from the People s Republic of China (PRC) and India. Note: The Fund s focus is on income. Investment Strategy The Fund seeks to achieve its objective by investing in securities consisting of: Malaysian investment grade fixed income securities; and A collective investment scheme namely the Eastspring Investments Dragon Peacock Fund, incorporated in Luxembourg. Asset Allocation Up to 40% of the Fund s NAV in the Eastspring Investments Dragon Peacock Fund. The remaining of the Fund s NAV will be invested in fixed income securities. At least 1% of the Fund s NAV in Deposits or liquid assets. Principal Risks Investor Profile Security risk Countries or Foreign securities risk Currency risk Credit or Default risk Interest rate risk Investors who: seek capital growth want to participate in the India and China markets have medium to high risk tolerance adopt a medium to long-term investment horizon * Income will be reinvested into additional Units unless Unit Holder opts for the distribution to be paid out. Kindly refer to page 61 for more information on the mode of distribution. EASTSPRING MASTER PROSPECTUS

36 Eastspring Asia Select Income BALANCED FUND Performance Benchmark 20% MSCI China Index + 20% MSCI India Index + 60% Quant Shop MGS Medium Index Source: and Note: The risk profile of the Fund is different from the risk profile of the performance benchmark. Launch Date 18 November 2005 Financial Year End 30 June Eastspring ASEAN al-adiil BALANCED FUND Fund Category/ Fund Type Balanced (Shariah)/growth and income Fund Objective The Fund seeks to provide capital appreciation and income* by investing in Shariah-compliant securities in the ASEAN markets. Note: The Fund s focus is on growth and income. Investment Strategy The Fund seeks to achieve its objective by investing in Shariahcompliant equities and equity-related securities, such as rights and Shariah-compliant warrants, which are listed on the ASEAN exchanges. The Fund also invests in domestic and/or foreign sukuk issued by corporations, financial institutions and governments of ASEAN member countries which are traded in the ASEAN markets or listed on the ASEAN exchanges. Corporations and financial institutions which issue sukuk shall have their business incorporated in the ASEAN member countries. Domestic sukuk which is issued by the corporations and financial institutions shall carry a rating of at least BBB3 by RAM or its equivalent rating by any other domestic rating agencies whilst foreign sukuk shall carry a rating of at least BB3 by Standard & Poor s or its equivalent rating by any other global rating agencies. However, sukuk issued by governments need not be rated. The Fund s investments may also include Islamic liquid assets. * Income will be reinvested into additional Units unless Unit Holder opts for the distribution to be paid out. Kindly refer to page 61 for more information on the mode of distribution. 28 EASTSPRING MASTER PROSPECTUS 2014

37 Eastspring ASEAN al-adiil BALANCED FUND The Fund will invest in ASEAN markets where the regulatory authority is a member of IOSCO. The ASEAN markets where the Fund will invest in include but not limited to Indonesia, Malaysia, Singapore, Philippines and Thailand. Asset Allocation 40% to 60% of the Fund s NAV in Shariah-compliant equities and equity-related securities. 40% to 60% of the Fund s NAV in sukuk and Islamic liquid assets. Principal Risks Security risk Credit or Default risk Counterparty risk Interest rate risk Countries or Foreign securities risk Currency risk Reclassification of Shariah status risk Investor Profile Performance Benchmark Investors who: seek both capital appreciation and income* have a moderate risk tolerance have a medium-term investment horizon 50% DJIM ASEAN Index + 50% Maybank 12-month GIA Source: and Note: The risk profile of the Fund is different from the risk profile of the performance benchmark. Launch Date 28 October 2013 Financial Year End 30 June * Income will be reinvested into additional Units unless Unit Holder opts for the distribution to be paid out. Kindly refer to page 61 for more information on the mode of distribution. EASTSPRING MASTER PROSPECTUS

38 Eastspring Dynamic MIXED ASSET FUND Fund Category/ Fund Type Fund Objective Investment Strategy Mixed Asset/growth The Fund seeks to provide investors with capital appreciation by actively investing in equity and equity-related securities. For defensive consideration, the Fund may invest in debentures and money market instruments. The Fund seeks to achieve its objective by adopting a flexible asset allocation strategy between the different asset classes of equities and equity-related securities, debentures and liquid assets, depending on the investment market outlook. Asset Allocation Up to 100% of the Fund s NAV in equities and equity-related securities. Up to 100% of the Fund s NAV in debentures and liquid assets. Principal Risks Investor Profile Performance Benchmark Security risk Credit or Default risk Interest rate risk Investors who: seek capital appreciation have medium to high risk tolerance adopt a medium-term investment horizon a) If 100% of the Fund s NAV invested in equities and equityrelated securities: FBM100 Launch Date 6 November 2003 b) If 100% of the Fund s NAV invested in debentures and liquid assets: Maybank 12-month fixed deposit rate c) If invested in a mix of equities and equity-related securities, debentures and liquid assets: 50% FBM % Maybank 12-month fixed deposit rate Source: and Note: The risk profile of the Fund is different from the risk profile of the performance benchmark. Financial Year End 30 June 30 EASTSPRING MASTER PROSPECTUS 2014

39 Eastspring Dana Dinamik MIXED ASSET FUND Fund Category/ Fund Type Fund Objective Mixed Asset (Shariah)/growth & income The Fund seeks to provide investors with capital appreciation by actively investing in Shariah approved equities and equity-related securities. For defensive considerations, the Fund may invest in Shariah-approved debentures and money market instruments. Note: The Fund s focus is on growth. Investment Strategy The Fund seeks to achieve its objective by adopting a flexible asset allocation strategy between the different asset classes of Shariah-compliant equities and equity-related securities, sukuk and Islamic liquid asssets depending on the investment market outlook. Asset Allocation Up to 100% of the Fund s NAV in Shariah-compliant equities and equity-related securities. Up to 100% of the Fund s NAV in sukuk and Islamic liquid assets. Principal Risks Investor Profile Performance Benchmark Security risk Credit or Default risk Interest rate risk Reclassification of Shariah status risk Investors who: seek capital appreciation have medium to high risk tolerance adopt a medium-term investment horizon a) If 100% of the Fund s NAV invested in Shariah-compliant equities and equity-related securities: FBMS b) If 100% of the Fund s NAV invested in sukuk and Islamic liquid assets: Maybank 12-month (GIA) Tier II rate c) If the Fund is investing in a mixture of Shariah-compliant equities and equity-related securities, sukuk and Islamic liquid assets: 50% FBMS+ 50% Maybank 12-month GIA Tier II rate EASTSPRING MASTER PROSPECTUS