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Principal Islamic PRS Plus Conservative - Class A

Fund Performance

As at date : 31-05-2022
Fund
Year To Date Performance (%) 1Year (%) 3Year (%) 5year (%) Since Inception (%) NAV (MYR) Fund Size (million)
Principal Islamic PRS Plus Conservative - Class A -2.62% -0.87% 8.60% 14.93% 33.30% 0.5954 18.98
Benchmark -1.07% -1.12% 6.69% 11.30% 29.48%
Benchmark : 60% Quant shop GII Short Index + 20% CIMB Islamic 1-Year General Investment Account-i (GIA) + 20% FTSE Bursa Malaysia EMAS Shariah Index

Income Distribution History

Period Gross (Sen/ Unit) Annualised Yield (%)
Oct-2021 3.20 4.94
Dec-2020 4.04 6.03

Disclaimer : Annualised yield is calculated as the most recent monthly dividend distribution multiplied by the Fund’s dividend frequency and divided by the latest NAV.

Unit Split History

General Information

Principal Islamic PRS Plus is an Islamic investment Scheme designed to facilitate Members to accumulate savings* for retirement. The Scheme comprises of a range of Islamic retirement funds, which Members may choose to invest based on their retirement needs, risk appetite and age profile.

* The Funds are neither capital guaranteed nor capital protected funds.

This Fund is suitable for Members who:
  • want a Shariah-compliant investment;
  • are risk averse; and/or
  • are seeking capital preservation.

Note:
- Before 30 September 2022#: Where the Member is in the Default Option, this Fund is selected for a Member who is 50 years and above.
- With effect from 30 September 2022#: Where the Member is in the Default Option, this Fund is selected for a Member who is 55 years and above.

#Or such other date as may be permitted by the SC. This information will be communicated to you via our website at
www.principal.com.my.

Fund Details

Fund category / Type Core (Conservative) 
 
Benchmark 60% Quant shop GII Short Index + 20% CIMB Islamic 1-Year General Investment Account-i (GIA) + 20% FTSE Bursa Malaysia EMAS Shariah Index for performance comparison purpose only.
 
Asset Allocation

•    At least 80% of the Fund’s NAV will be invested in Sukuk and Islamic money market instruments, of which a minimum 20% of the Fund’s NAV will be invested in Islamic money market instruments and up to 5% of the Fund’s NAV may be invested in unrated Sukuk;
•    Up to 20% of the Fund’s NAV will be invested in Shariah-compliant equities; and
•    Up to 5% of the Fund’s NAV will be invested in Islamic liquid assets for liquidity purpose.
 

Principal risks Stock specific risk, credit and default risk, interest rate risk, country risk, currency risk, risk associated with investment in Islamic CIS, and reclassification of Shariah status risk.
 
Distribution policy The Fund is not expected to pay any distribution. All income earned by you will automatically be reinvested into the Fund.
 
Launch date 12 November 2012.
 
Financial year-end 31 August.
 
Cooling off period You have six (6) Business Days after your initial contribution (i.e. the date the complete application is received and accepted by us or our Distributors) to reconsider the appropriateness and suitability for your investment needs. Within this period, you may withdraw your investment at the same NAV per Unit when the units were purchased. We must obtain prior authorization of the PPA before proceeding with the refund. We will refund the investment amount including the Sales Charge (if any) to you in MYR within ten (10) calendar days of receiving the authorization of the PPA. Please note that this cooling-off right is only given to a first time Member registered with PPA who is investing with any PRS provider. However, Principal Malaysia’s staff, person(s) registered by a body approved by the SC to deal in PRS and contributions made to PRS by an employer on behalf of the employee are not entitled to the cooling-off right.
 
Minimum initial contribution MYR 100
 
Minimum additional contribution MYR 50
 
Minimum withdrawal MYR 50 or 100 units. 
 

 

Fund Partner

  • Principal Distributors
  • CIMB Bank

Click here to know more about our fund partner(s).

Fund Fees

Fees and charges charged by Principal Asset Management

Sales Charge* Max. 3.00% of the NAV per unit
 
Management Fee 1.40% p.a. of the NAV of the Fund
 
Transfer Fee  A maximum of MYR 25 may be charged for each transfer to another PRS provider.
 
Trustee Fee^

0.04% p.a. of the Fund’s NAV

(Includes local custodian fees and charges but excludes foreign custodian fees and charges)
 

Fees and charges charged by Private Pension Administrator ("PPA")

PPA account opening fee* MYR 10
 
PPA annual fee^ MYR 8
 
PPA pre-retirement withdrawal Fee  MYR 25 per transaction
 
PPA transfer fee (to another PRS provider)  MYR 25 per transaction
 
PPA administration fee# 0.04% p.a. of the Fund’s NAV
 


^ Not payable for the year the account is opened and on the year where there was no contribution.
# The annual PPA administration fee is accrued daily based on the NAV of the Fund and paid monthly.