Public Mutual PRS Moderate Fund (PRS-MDF)

Investment Objective	The fund seeks income and capital growth over the long-term through a balanced asset allocation approach. Note: Long-term refers to a period of more than 5 years. Any material changes to the investment objective of the fund would require members’ approval.
Fund Category	Core (Moderate)
Investment Strategy	PRS-MDF seeks to achieve its objective by adopting a balanced asset allocation approach between equity and equity-related securities and fixed income securities with the balance of the fund’s NAV invested in liquid assets which include money market instruments and deposits. To achieve increased diversification, the fund may invest in both domestic and selected foreign markets. Typical Asset Classes Transferable securities: Shares and securities equivalent to shares that the fund may invest in include: Index stocks, dividend stocks and growth stocks Warrants (up to 10% of NAV) Bonds or other forms of securitised debt Unlisted shares Units or shares of other collective investment schemes Money market instruments which include unrestricted investment accounts Deposits with licensed domestic and foreign financial institutions Location of Assets Malaysia, China, Singapore, South Korea, Thailand, Taiwan, Indonesia, Hong Kong, Philippines and any other selected foreign markets. Investment Approach Shares or securities equivalent to shares: Bottom-up approach in shares or securities equivalent to shares selection process which relies on fundamental research where the financial health, industry prospects, management quality and past track records of companies are assessed. Collective investment schemes: The suitability of the collective investment scheme will be evaluated to ensure that the investment strategies of the said collective investment scheme are aligned to the fund’s investment strategies and objective. Bonds or other forms of securitised debt and money market instruments: The asset allocation between bonds or other forms of securitised debt and money market instruments will depend on economic growth, interest rate trends and market liquidity conditions. As the fund is actively managed and its holdings may differ from its benchmark, the risk profile of the fund is not the same as the risk profile of the benchmark.
Asset Allocation	The fund will adopt a balanced asset allocation approach between equity and equity related securities and fixed income securities. The balance of the fund’s NAV will be invested in liquid assets which include money market instruments and deposits. If the outlook for equity market is unfavourable, the shares or securities equivalent to shares exposure may be reduced while the exposure to bonds or other forms of securitised debt, money market instruments and deposits may be increased as a temporary defensive strategy.
Performance Benchmark	30% customised index by S&P Dow Jones Indices, LLC based on the top 30 constituents of the S&P BMI Asia Ex-Japan Index, 30% FTSE Bursa Malaysia KLCI and 40% 3-Month KLIBOR. Note: The risk profile of the fund is not the same as the risk profile of the benchmark.
Member Profile	Moderate risk tolerance Preference for capital growth and income* Age 45 to below 55 if contribute under the default option** Notes: * Distribution (if any) will be automatically reinvested into the fund. ** Age group may be subject to changes as may be determined by the relevant authorities from time to time.
Risks Disclosure	Market risk, Specific security risk, Currency risk, Country risk, Liquidity risk, Interest rate risk, Credit risk, Risk associated with investments in warrants

Public Mutual Private Retirement Scheme – Conventional Series