Public Mutual PRS PRS Islamic Strategic Equity Fund (PRS-ISEQF)

*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 achieve long-term capital growth.
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 Equity (Shariah-compliant)
Investment
Strategy		 PRS-ISEQF seeks to achieve its objective by investing 75% to 98% of its Net Asset Value (NAV) in Shariah-compliant equity and Shariah-compliant equity-related securities and Islamic collective investment schemes which comprises a diversified portfolio of Shariah-compliant blue chip stocks, Shariah-compliant index stocks and Shariah-compliant growth stocks in the domestic and selected foreign markets. The balance of the fund’s NAV will be invested in sukuk and Islamic liquid assets which include Islamic money market instruments, Islamic investment accounts and Islamic deposits. The fund may invest up to 98% of its NAV in foreign markets.

Typical Asset Classes

  • Shariah-compliant equity and Shariah-compliant equity-related securities, which include:
    • Shariah-compliant blue chip stocks, Shariah-compliant index stocks and
    • Shariah-compliant growth stocks
    • Shariah-compliant stocks of IPO companies seeking a listing in Eligible Markets
    • Unlisted Shariah-compliant equities
    • Shariah-compliant warrants
  • Islamic collective investment schemes
  • Sukuk
  • Islamic liquid assets which include Islamic money market instruments, Islamic investment accounts and Islamic deposits

Location of Assets
China, Singapore, South Korea, Indonesia, Japan, Thailand, Taiwan, Philippines, Hong Kong, Europe, Malaysia, United States of America and any other permitted markets where the regulatory authority is an ordinary or associate member of the IOSCO.

Investment Approach

  • Shariah-compliant equity and Shariah-compliant equity related securities: Bottom-up approach in stock selection process which relies on fundamental research where the financial health, industry prospects, management quality and past track records of companies are assessed.
  • Sukuk and Islamic money market instruments: The asset allocation between sukuk and Islamic money market instruments will depend on economic growth, interest rate trends and market liquidity conditions.

Although the fund is actively managed, the frequency of its trading strategy will very much depend on market opportunities.

Asset
Allocation		 Shariah-compliant equity and Shariah-compliant equity-related securities 75% to 98% of the fund’s NAV
The balance of the fund’s NAV may be invested in sukuk and Islamic liquid assets.
If the outlook for equity market is unfavourable, the Shariah-compliant equity and Shariah-compliant equity-related securities exposure may be reduced below the range indicated above while the exposure to sukuk and Islamic liquid assets may be increased as a temporary defensive strategy.
Shariah-compliant foreign assets Up to 98% of the fund’s NAV
Performance
Benchmark		 50% FTSE Bursa Malaysia Hijrah Shariah Index, 40% customised index by S&P Dow Jones Indices, LLC based on the top 100 constituents by market capitalisation of the S&P Shariah BMI Asia Ex-Japan Index and 10% 3-Month Islamic Interbank Money Market (IIMM) rate.
Note: The risk profile of the fund is not the same as the risk profile of the benchmark.
Member
Profile
  • Risk tolerant
  • Preference for long-term capital growth
Risks
Disclosure		 Market risk, Specific security risk, Currency risk, Country risk, Liquidity risk, Risk associated with investments in warrants, Risk of non-compliance with Shariah requirements
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