Principal Islamic PRS Plus

Scheme Trustee: Deutsche Trustees Malaysia Berhad

Principal Islamic RetireEasy 2030 (iRE30)

*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 seeks to provide positive total return by investing according to an asset allocation strategy.
Fund Category Core – Mixed asset (Islamic TDF)
Target Date 31 December 2030. The Fund will mature on the Target Date, and all Members in the Fund will be switched automatically into the Principal RetireEasy Income (“iREI”).
Investment Strategy

The Fund seeks to provide sustainable positive total return and to grow the total investment over the long term with retirement as the ultimate goal.

The Sub-Manager will construct a glide path that will guide the asset allocation of the Fund over the Fund’s tenure until its Target Date. In constructing the glide path, the Sub-Manager will take into consideration various factors such as the human elements and market data.

The Fund’s asset allocation will shift dynamically and progressively from a more aggressive mix to a more conservative mix as the Fund approaches its Target Date, ensuring an age-appropriate asset mix.

Currently, exposure is achieved primarily through Islamic CIS (including Islamic ETF and Islamic REITs). The Fund may also utilize Islamic derivative instruments for hedging purposes, subject to prevailing GPRS.

Upon maturity, Members will be switched automatically into the Principal Islamic RetireEasy Income to begin the decumulation journey.
Asset Allocation Up to 100% of the Fund’s NAV may be invested in Islamic CIS (including Islamic ETF and Islamic REITs), Shariah-compliant equities, Sukuk, Islamic money market instruments and/or Islamic Deposits. Notwithstanding:
  • up to 40% of the Fund’s NAV may be invested in Unrated Sukuk; and
  • up to 10% of the Fund’s NAV may be invested in unlisted Shariah-compliant securities.
Performance Benchmark

The benchmark is for performance comparison purpose only and the risk profile of the Fund is not the same as the benchmark. Currently, the benchmark for iRE30 is:

iRE30
MSCI ACWI Islamic NR USD 18%
FTSE Bursa Malaysia EMAS Shariah TR MYR 18%
MSCI AC Asia Islamic ex JPN TR USD 24%
Refinitiv BPAM Sukuk Index MYR 25%
DJ Sukuk TR USD 15%

As this is a long-term fund, the return expectation may change with market conditions. Any changes will be reflected in the PHS available on the Principal Malaysia website.
Member Profile This Fund is suitable for Members who:
  • wants to invest in a diversified Shariah-compliant portfolio with age-appropriate risk;
  • aims to achieve decent return while planning for retirement;
  • are looking for sustainable long-term returns;
  • does not have the time or knowledge to manually switch between funds;
  • wants a simple and straightforward investment suitable for retirement.

Under the Do-It-For-Me (Default Option), this Fund is selected for Members born in year 1968 – 1975.
Risks Disclosure Stock Specific Risk, Credit and default risk, Interest rate risk, Country Risk, Currency Risk, Risks associated with investment in warrants/options, Risks associated with investment in CIS, Risks associated with unconstrained portfolio, Risks associated with TDF, Shariah non-compliance risk
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