Principal Islamic PRS Plus

Scheme Trustee: Deutsche Trustees Malaysia Berhad

Principal Islamic RetireEasy Income

*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 sustainable total return and to grow the total investment over the long term.
Note: The PRS Provider will require Member approval if there is any material change to the Fund’s objective.
Fund Category Core – Mixed Asset (Shariah-compliant)
Investment
Strategy		 The Fund aims to achieve its objective by investing primarily in a diversified portfolio of Shariah-compliant income generating assets. The Fund will seek exposure from various asset classes which includes but not limited to Shariah-compliant equities, Sukuk, Islamic money market instruments and/or Islamic Deposits, which can be accessed directly through the market or indirectly via collective investment scheme (CIS) (including Islamic ETF and Islamic REITs).
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 performance of this Fund cannot be compared directly with any specific publicly available benchmark. However, the Fund has a target return of 3.5% – 4.5% per annum over rolling 5-year.
Please note that the Fund’s benchmark is for performance comparison purpose only and the risk profile of the Fund is not the same as the risk profile of the benchmark.

The target return above were set based on current market environment and asset allocation mix. As the Fund is a long-term fund, the return expectation may change accordingly should there be changes in the market environment and asset allocation mix at that point of time. Any changes to the benchmark will be reflected in the Product Highlights Sheet (PHS).

Member
Profile		 This Fund is suitable for Members who:
  • wants a Shariah-compliant decumulation solution that is straightforward and easy to understand;
  • wants to invest in an Islamic fund that offers appropriate risk and return (i.e., moderately conservative) for retirees.
  • wants a Shariah-compliant portfolio that invest in multi assets globally.
  • have reached Retirement Age and require a steady stream of income from enrolling in RWP.

Under the Do-It-For-Me (Default Option), this Fund is selected for Member who are born on or before year 1967.

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, Shariah non-compliance risk
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