AmPRS – Dynamic* Sukuk

*Please read the scheme’s disclosure document before deciding to make a contribution. If you do not have a copy, please contact the PRS Provider to ask for one or click here to go the PRS Provider’s page.

Investment
Objective		 The Fund aims to provide capital appreciation by investing in the AmDynamic* Sukuk.
Note: Any material change to the investment objective of the Fund would require Members’ approval.
Fund Category Feeder fund (Sukuk)
Investment
Strategy		 The Fund seeks to achieve its investment objective by investing a minimum of 85% of the Fund’s net asset value (“NAV”) in the AmDynamic* Sukuk (“Target Fund”) at all times. This implies that the Fund has a passive strategy.
Note: A replacement of the Target Fund would require Members’ approval.
Asset
Allocation
  • A minimum of 85% of the Fund’s NAV will be invested into the Target Fund; and
  • Up to 15% of the Fund’s NAV in Islamic liquid assets
Performance
Benchmark		 Bond Pricing Agency Malaysia (BPAM) Corporates Sukuk Index, which is also the performance benchmark of the Target Fund.
Note: Effective 25 July 2015, the performance benchmark has been changed from Bloomberg AIBIM Bursa Malaysia Sovereign Shariah Index (BMSSI) to BPAM Corporates Sukuk Index.
Member
Profile		 The Fund is suitable for members who:
  • seek steady growth in value by investing in Sukuk as an asset class; and
  • are willing to assume additional interest rate risk, duration risk and liquidity risk associated with investing in Sukuk with long duration (i.e. there will be no portfolio maturity limitation) and low credit ratings (i.e. there will be no minimum rating for Sukuk purchased or held by the Target Fund)
Risks
Disclosure		 Liquidity Risk, Currency risk, Credit/default risk, Shariah Non-Compliance Risk, Risk of a Passive Strategy, Risk of not Meeting the Fund’s Investment Objective, Income Distribution Risk, Related Party Transaction Risk, Suspension Risk, Capital Distribution Risk, Emerging Market Risk
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