AMB DIVIDEND TRUST FUND
RESPONSIBILITY STATEMENT
This Product Highlights Sheet has been reviewed and approved by the directors or
authorised committee or persons approved by the Board of Amanah Mutual Berhad
and they collectively and individually accept full responsibility for the accuracy of the
information. Having made all reasonable inquiries, they confirm to the best of their
knowledge and belief, there are no false or misleading statements, or omission of
other facts which would make any statement in the Product Highlights Sheet false or
misleading.
STATEMENTS OF DISCLAIMER
The Securities Commission Malaysia has authorised the issuance of AMB Dividend
Trust Fund and a copy of this Product Highlights Sheet has been lodged with the
Securities Commission Malaysia.
The authorisation of AMB Dividend Trust Fund and lodgement of this Product
Highlights Sheet should not be taken to indicate that the Securities Commission
Malaysia recommends AMB Dividend Trust Fund or assumes responsibility for the
correctness of any statement made or opinion or report expressed in this Product
Highlights Sheet.
The Securities Commission Malaysia is not liable for any non-disclosure on the part of
Amanah Mutual Berhad responsible for AMB Dividend Trust Fund and takes no
responsibility for the contents of this Product Highlights Sheet. The Securities
Commission Malaysia makes no representation on the accuracy or completeness of
this Product Highlights Sheet, and expressly disclaims any liability whatsoever arising
from, or in reliance upon the whole or any part of its contents.
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Updated as at September 2015
This Product Highlights Sheet only highlights the key features and risks of this unlisted
capital market product. Investors are advised to request, read and understand the disclosure
documents before deciding to invest.
PRODUCT HIGHLIGHTS SHEET
PRODUCT NAME: AMB DIVIDEND TRUST FUND (AMBDTF)
BRIEF INFORMATION ON THE FUND
AMBDTF is managed by Amanah Mutual Berhad (AMB). It is a conventional open-ended equity fund. Therefore,
the Fund does not provide capital protection or capital guarantee.
The Fund’s objective is to provide investors with a regular income stream and to attain medium-to-long-term
capital appreciation through investing in high (and potentially high) dividend yielding equities (including foreign
equities).
PRODUCT SUITABILITY
This fund is suitable for investors who:

are conservative and prefers receiving regular and steady income in the form of distributions.
have a moderate risk appetite.
KEY PRODUCT FEATURES
The Fund will invest primarily in high dividend yielding stocks both in Malaysia and in Asian ex-Japan markets
(the latter being subject to a maximum of 30% of the Fund’s total NAV). The selection of appropriate equities will
be driven by the External Investment Manager’s (EIM) internal screening process whereby emphasis will be
placed on the sustainability of dividends, price-to-earnings ratios, gearing levels, historical volatility, as well as
liquidity.
FUND INFORMATION
Base Currency
MYR (Malaysia Ringgit)
Launch Date
6th June 2006
Financial Year End
30th April
Domicile
Malaysia
Registration
Securities Commission Malaysia (SC)
Asset Allocation
 Min 70% max 99.80% in equities
 Max 20% in listed REITs.
 Min 0.20% max 30% in fixed income securities and cash
Up to 30% of the Fund’s total NAV may be invested in Asian Ex-Japan markets
and/or the EIM may choose to invest solely in the domestic market.
Benchmark
70% of FBM KLCI + 30% of MSCI Asia Pacific ex-Japan Index
Note: The risk profile of this Fund is different from the risk profile of the
benchmark.
Manager
Income (if any), shall be distributed semi annually or annually at the discretion
of the Manager, subject to the approval from the trustee.
Amanah Mutual Berhad (195414-U)
Trustee
HSBC (Malaysia) Trustee Berhad (001281-T)
Distribution Policy
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Board of Directors





Investment Committee
Members (ICM)
 Tun Ahmad Sarji bin Abdul Hamid (Chairman)
 Tan Sri Dato’ Dr. Wan Mohd. Zahid bin Mohd. Noordin
 Tan Sri Dato’ Md. Desa bin Pachi
EIM
Affin Hwang Asset Management Berhad (429786-T)
Auditors
Messrs. Ernst & Young (AF : 0039)
Tax Advisor
Ernst & Young Tax Consultants Sdn Bhd (179793-K)
Solicitors
Messrs. Zainal Abidin & Co.
Tun Ahmad Sarji bin Abdul Hamid (Chairman)
Tan Sri Dato’ Sri Hamad Kama Piah bin Che Othman
Tan Sri Dato’ Dr. Wan Mohd. Zahid bin Mohd. Noordin
Tan Sri Dato’ Md. Desa bin Pachi
Encik Mohammad bin Hussin
The Fund’s investment strategy does include temporary defensive positions to protect investor from significant
losses.
The EIM, upon approval from ICM of AMBDTF, will execute temporary defensive positions in dealing with
adverse market conditions, unstable economic situation, political upheaval and other external factors affecting
market. In this regard, the Fund may hold cash at higher level than what is prescribed in the asset allocation. The
Fund may also invest into cash equivalent instruments as the main asset in order to maintain low volatility.
When there is excessive gains during best market scenario, AMBDTF shall realise as much profits from the
portfolio holdings. This will be reflected as income to the Fund. With that, higher income distribution can be
declared.
KEY RISKS
General Risk
1.
2.
3.
4.
5.
Market risk
Non-compliance risk
Inflation risk
Liquidity risk
Fund management risk
6.
7.
8.
9.
Operational risk
Returns not guaranteed
Loan/financing risk
Force majeure risk
(Source :Master Prospectus of Conventional Funds –Section 4)
Specific risks associated with AMBDTF
Equity risk
AMBDTF is subject to the volatility of prices in the share market. The volatility of prices in each stock will affect
the Fund’s value daily. The performance of individual stocks, which make up the portfolio, will fluctuate according
to changes in the market value of the investments. The fluctuations can be significant in the Short Term and may
negatively impact the performance of the Fund. However, this impact is mitigated through portfolio diversification.
Credit risk
This is the risk that the issuer of a bond or money market instrument may default and not be able to make timely
principal and/or interest payments of the instrument concerned which would ultimately cause a reduction in the
value of the Fund. Instruments with a lower credit rating would normally have greater risk of defaults.
Interest rate risk
This risk refers to how changes in the interest rate environment would affect the performance of a bond or
money market instrument. In the event of an increasing interest rate environment, the value of bond or money
market instruments in the Fund’s portfolio generally may decline as yields rise. Longer term bond and money
market instruments are more sensitive to changes in interest rate. Interest rate, such as the overnight policy rate
set by Bank Negara Malaysia, will have an impact on the investment decisions of the Fund.
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Currency risk
Currency risk is also known as foreign exchange risk. It is the risk associated with investments that are
denominated in foreign currencies. When the foreign currencies fluctuate in an unfavourable direction against the
MYR, the investments will face currency losses in addition to the capital gains/losses. This may lead to a lower
NAV of the Fund.
Country risk
The foreign investments of the Fund may be affected by risks specific to the country, in which it invests. Such
risks include changes in a country’s economic fundamentals, social and political stability, currency movements
and foreign policies, etc. These may impact on the prices of listed securities in the particular country.
FEES, CHARGES & GST
This table describes the charges that you may directly and indirectly incur when you purchase or repurchase
units of AMBDTF.
Manager / Distribution
Channel (% of NAV per Unit)
Fund
Maximum
Sales
Charge 1
Repurchase
Charge
Annual
Management
Fee (% of NAV)2
Annual Trustee
Fee (% of NAV) 2
0.07% per annum on NAV of the fund
(local investment)
AMBDTF
5.5
Nil
1.50
0.07% per annum on the local & foreign
NAV of the fund (local and abroad
investment)
(subject to a minimum fee of MYR 18,000
per annum calculated on a daily basis)
The sales charge for investments under the EPF Members’ Investment Scheme shall not exceed 3% of NAV per
unit, as regulated by EPF. Kindly refer to the Manager for the latest list of Funds approved by EPF for
investment.
Notes :
1. The sales charge is negotiable, subject to the Manager’s discretion.
2. Annual management fee and annual trustee fee are calculated as the percentage of the NAV of the fund,
calculated on a daily basis before deducting the fees for the day.
Table for switching charges for AMBDTF (Equity) to other funds of AMB
To recipient fund
Switching from
AMBDTF
Equity
Sukuk/Bond/
Fixed Income
MYR25 per
transaction
MYR25 per
transaction
Balanced
MYR25 per
transaction
Money
Market
Nil
Notes:
1. The above table is applicable for all switching transactions, except where the sales charge of the fund to
be switched into is equal or lower than the sales charge of the Fund switched from, in which case the
switching fee shall be MYR25 only.
2. Distribution units of conventional funds cannot be switched to Shariah funds within the AMB Family of
Funds. However the principal amount of conventional funds is allowed to be switched to Shariah funds.
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Updated as at September 2015
Transfer charge
A Unit Holder may fully or partially transfer his Units in the Fund to any other Unit Holder in the same Fund. The
transfer charge for AMBDTF is MYR25.
Other annual operating expenses
The auditor’s fees, tax agents’ fee and other relevant professional fees; the costs of printing and distribution of
annual and interim reports, tax vouchers and warrants; cost of modification of the Deed other than those for the
benefit of the Manager and/or trustee; and other notices to Unit Holders as well as expenses that are directly
related and necessary for the administration of the Fund as set out in the Deed (including any applicable GST)
shall be paid paid out of the fund.
Goods and Services Tax (GST)
On 1 April 2015, GST was implemented at the standard rate of 6% to replace the existing sales tax and service
tax systems. Based on the Goods and Services Tax Act 2014 which was gazetted on 19 June 2014, the Fund,
being a collective investment vehicle, will be making exempt supplies. Hence, the Fund is not required to be
registered for GST purposes. The Fund will incur expenses such as management fees, trustee fees and other
administrative charges which will be subject to 6% GST. The 6% input tax which may be incurred on such
expenses will generally not be claimable by the Fund.
Any fee or charges in relation to the purchase of Units such as sales charge, switching and transfer charges is
payable by Unit Holders. The quoted charges for sales charge, switching and transfer charge in the above does
not include GST.
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Updated as at September 2015
VALUATIONS AND EXITING FROM INVESTMENT
The valuation of Units is based on the NAV of the Fund and is calculated at the end of the Business Day.
The NAV per unit of AMBDTF is available on our website(www.ambmutual.com.my), AMB’s office or any of its
Distribution Channels.
1.Pricing of Units
The Manager adopts the single pricing policy in calculating your investment. Single pricing equates to prices
quoted and transacted at a single price.
The price of Units is computed on a Forward Pricing basis. As such, Units of the Fund are transacted at the
NAV per Unit at the next Valuation Point after receipt of the completed transaction request and acceptance by
the Manager. Consequently, any changes in the underlying assets of the Fund will cause its Unit prices to vary.
Any applicable sales charge shall be payable separately from the Purchase Price of Units.
2. Procedure to Repurchase Units
Repurchase of Units can be made in part or entirety at any time by completing the repurchase form, which can
be obtained at AMB’s office or any Distribution Channels. Repurchase request must be made in terms of Units
due to Forward Pricing policy. Below are the required documents/forms to be submitted to repurchase Units:
(a) Individual investor (single or joint applicants)
i. Completed repurchase form.
ii. Photocopy of identity card, birth certificate (if joint applicant is a minor) or passport (if necessary).
(b) Corporate investor
i. Completed repurchase form.
ii. Board resolution or any other necessary authorisation (if necessary).
Partial repurchase of Units is permitted provided the applicable minimum holding is maintained for the Fund.
There is no restriction on frequency of repurchase and number of Units a Unit Holder can redeem subject to the
applicable minimum holdings.
The Manager may elect not to permit a partial repurchase if the effect thereof would be that the Unit Holder
holds less than the minimum holding applicable.
3. Payment for Repurchase of Units
(a) By cheque
The Unit Holders will receive withdrawal proceeds payment by cheque payable to the Unit Holder's or
jointholders' names only. The cheque will be mailed to the address of the Unit Holders based on the application
form or as may be subsequently notified in writing to the Manager. Any charges incurred such as charges for
outstation cheque will be borne by the Unit Holders.
(b) Transfer to a bank account
Unit Holders may give AMB an instruction in writing to transfer the repurchase proceeds to Unit Holders'
nominated local bank account held in Unit Holders' own name. All bank charges for the transfer will be borne by
the Unit Holders. The charge will be deducted from the repurchase amount before being paid to the Unit Holders’
relevant bank account.
Unit Holders are required to provide AMB with the relevant bank account details in order for AMB to proceed with
the transfer request. It is possible for delays in the banking system to occur which are beyond our control. If the
funds cannot be transferred, AMB shall draw a cheque payable to the Unit Holders.
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Updated as at September 2015
Unit Holders may give AMB instruction in writing to transfer the repurchase proceeds to the Unit Holders'
nominated bank account overseas held in Unit Holders' own name. All bank charges for the transfer will be borne
by the Unit Holders. The charge will be deducted from the repurchase amount before being paid to the Unit
Holders’ relevant bank account.
Note: No repurchase proceeds will be paid in cash under any circumstances.
4. Unit Pricing & Cut-off Time for Repurchase of Units
Applications to repurchase Units will be processed on the same Business Day if received by 2.30 p.m. The
applicable repurchase price would be based on the NAV per Unit at the end of the Business Day on which the
application to repurchase is received by the Manager. Any application received or deemed to have been
received after this cut-off time would be considered as being transacted on the next Business Day and would be
subjected to the Manager’s pricing on the next Business Day.
The Manager will pay the net repurchase proceeds to the Unit Holder or the Unit Holder’s EPF account (where
applicable) within 10 days from the receipt of the request to repurchase provided that all documentation are
complete.
In the event of any technical difficulties beyond the Manager’s control or should the redemption request result in
the sale of assets which cannot be liquidated at an appropriate price or on adequate terms and is as such not in
the interest of the existing Unit Holders, redemption monies may be paid at such other period as may be
permitted by the relevant authorities from time to time.
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Updated as at September 2015
CONTACT INFORMATION
1. For any enquiries and / or complaint (internal dispute resolution), you may contact:
(a)
AMB Client Services Unit (CSU):
Tel : +603-2034 0800
Fax : +603-2162 5958 / +603-2163 3212
Email : ambcare@pnb.com.my
Or you may also file your dispute at our premise:
Amanah Mutual Berhad
34th Floor Menara PNB
201-A Jalan Tun Razak
50400 Kuala Lumpur
(b)
Distribution Channels
Please refer to Section 20 of the Master Prospectus of Conventional Funds for details on the
appointed Distribution Channels.
Alternatively, you may also visit AMB’s website at www.ambmutual.com.my
2. If you are dissatisfied with the outcome of the internal dispute resolution process, please refer your dispute to
the Securities Industry Dispute Resolution Center (SIDREC):
(a) via phone to
(b) via fax to
(c) via email to
: 03-2282 2280
: 03-2282-3855
: info@sidrec.com.my
(d) via letter to
: Securities Industry Dispute Resolution Center (SIDREC)
Unit A-9-1, Level 9, Tower A
Menara UOA Bangsar
No. 5, Jalan Bangsar Utama 1
59000 Kuala Lumpur
3. You can also direct your complaint to the Securities Commission even if you have initiated a dispute
resolution process with SIDREC. To make a complaint, please contact the SC’s Investor Affairs &
Complaints Department:
(a) via phone to the Aduan Hotline at : 03-6204 8999
(b) via fax to
: 03-6204 8991
(c) via e-mail to
: aduan@seccom.com.my
(d) via online complaint form available at www.sc.com.my
(e) via letter to
: Investor Affairs & Complaints Department
Securities Commission Malaysia
3 Persiaran Bukit Kiara
Bukit Kiara
50490 Kuala Lumpur
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Updated as at September 2015
APPENDIX : GLOSSARY
“AMB” or “Manager”
Amanah Mutual Berhad (195414-U).
“AMBDTF” or “ Fund”
AMB Dividend Trust Fund.
“Bursa Malaysia”
The Malaysian stock exchange, operated and maintained by Bursa Malaysia
Securities Berhad (635998-W).
“Business Day(s)”
A day on which the Bursa Malaysia is open for trading in securities.
“Currency”
The base currency of the Fund i.e MYR (Malaysian Ringgit).
“Deed(s)”
The deed(s) including any supplementary deed(s) between the Manager, the
trustee and the Unit Holders for the Fund.
“Distribution Channel”
An institution, corporation or an organisation that is appointed by AMB for the
purpose of marketing and distributing the Fund inside and outside Malaysia as
allowed by the applicable laws. Details are provided in Master Prospectus for
Conventional Funds dated 17th September 2015 on Section 20 page 190.
“EPF”
Employees Provident Fund.
“External Investment
Manager” or “EIM”
The external investment manager of the fund, Affin Hwang Asset Management
Berhad (429786-T).
“FBM KLCI”
FTSE Bursa Malaysia KLCI.
“Forward Pricing”
The price of a Unit that is the NAV per Unit calculated at the next Valuation
Point after an instruction or a request is received.
“GST”
Goods and Services Tax.
“Investment Committee” or
“IC”
The investment committee of the Fund which is primarily responsible for
formulating, implementing and monitoring the investment management
strategies of the Fund in accordance with the investment objectives of the
Fund.
“Long Term”
A period of more than five (5) years.
“Medium Term”
A period between three (3) to five (5) years.
“NAV” or “NAV of the
Fund”
The NAV of the Fund is determined by deducting the value of all the Fund’s
liabilities from the value of all the Fund’s assets, at the Valuation Point. For
the purpose of computing the annual management fee and annual trustee
fee, the NAV should be inclusive of the management fee and trustee fee for
the relevant day.
“REIT”
Real estate investment trust.
“SC” or “Securities
Commission”
Securities Commission Malaysia.
“Unit Holder(s)”
A person or persons registered as holder(s) of Units of the Fund and whose
name(s) appear(s) in the register of Unit Holder
“Units”
Units of the Fund.
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Updated as at September 2015
“Valuation Point”
Such time(s) on a Business Day as may be decided by the Manager wherein
the NAV of the Funds is calculated. Under normal circumstances, only one (1)
valuation is conducted on each Business Day.
For Funds with no foreign investments, the valuation of NAV of the Funds is
conducted on each Business Day at the close of Bursa Malaysia. For Funds
with foreign investments, the valuation of the Funds will be conducted after the
close of business of Bursa Malaysia for the relevant day, as certain foreign
markets in which the Funds may invest in have yet to close due to the different
time zones of these countries. As such, the Valuation Point will thus be after
the close of Bursa Malaysia but not later than 9.00 a.m. (or any other such time
as may be permitted by the relevant authorities from time to time) on the
following day in which the Manager is open for business.
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Updated as at September 2015