Shariah OnePRS Scheme

Scheme Trustee: CIMB Islamik Trustees Berhad (167913-M)

Kenanga Shariah OnePRS Growth Fund

*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 income* and capital growth over the long-term through investments in Shariah-compliant equities and sukuk.
Any material changes to the investment objective of the Fund would require members’ approval.
Fund Category Core (Growth)
Investment
Strategy		 The Fund seeks to achieve its objective by investing in local and/or foreign diversified portfolio of primarily Shariah-compliant equities, as well as sukuk and Islamic money market instruments.

The Fund may invest up to 80% of the Fund’s NAV in Shariah-compliant equities and at least 20% of the Fund’s NAV in sukuk and Islamic money market instruments.

The Fund may also invest in Islamic collective investment schemes as permitted under the Deed and Guidelines.

The Shariah-compliant equities portion will consist of a mixture of both growth and dividend Shariah-compliant stocks.

The Fund will employ both top-down and bottom-up approach to evaluate its investments in Shariah-compliant equities and sukuk.

In the top-down approach, the fund manager will evaluate the global growth and economic outlook of Malaysia.

In the bottom-up strategy, the fund manager will rely on fundamental research where the financial health, industry prospects, management quality and past track records of the companies are considered.

The trading of both the Shariah-compliant equities and sukuk will be based on the market conditions and also the judgement of the fund manager and also guided by the internal policies of the PRS Provider and the investment committee of the PRS Provider.
Note: Investment into one or more Islamic collective investment schemes is permitted in the following circumstances:
(a) from launch of the Scheme, the value of a Fund’s investment in any of the Islamic collective investment scheme must not exceed 95% of the Fund’s NAV;
(b) upon reaching RM200 million NAV, the value of a Fund’s investment in any of the Islamic collective investment scheme must not exceed 40% of the Fund’s NAV; and
(c) that the investment objective of the Islamic collective investment scheme is similar to the Fund.
Asset
Allocation		 Shariah-compliant equities Maximum 80% of the Fund’s NAV in Shariah-compliant equities.
Sukuk and Islamic money market instruments At least 20% of the Fund’s NAV in sukuk and Islamic money market instruments.
Cash or cash equivalents Up to 5% of the Fund’s NAV in Islamic liquid assets for liquidity purpose.
Performance
Benchmark		 A composite of FBM EMAS Shariah Index (80%) and Maybank 1-Month GIA rate (20%). The composition of the benchmark is reflective of asset allocation of the Fund. It is a statistical measure of its overall performance over time.
Please note that the risk profile of the Fund is not the same as the risk profile of the performance benchmark.
Member
Profile		 This Fund is suitable for Members who
  • Seek capital appreciation;
  • Have low to moderate risk tolerance and can withstand short term volatility; and
  • Seek to invest in a Shariah-compliant investment.
For Members under the Default Option who are below the age of 45 years, their contributions will be allocated into this Fund.
Note: Where a Member under the Default Option makes the first contribution to the Scheme a month before the Member attains the age of 45 or 55 years old as the case may be, the Member’s contribution will be allocated into the Kenanga Shariah OnePRS Moderate Fund instead.
Risks
Disclosure		 Interest rate risk, Liquidity Risk, Credit and Default Risk, Stock-specific Risk, Islamic Collective Investment Scheme Risk, Currency Risk, Islamic Derivatives risk, Reclassification of Shariah Status Risk
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