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Principal Islamic RetireEasy 2040 - Class C

Fund Performance

As at date : 30-06-2024
Year To Date Performance (%) 1Year (%) 3Year (%) 5year (%) Since Inception (%) NAV ( ) Fund Size (million)
Principal Islamic RetireEasy 2040 - Class C 12.51% 16.95% 0.00% 0.00% 29.16% 0.3229 1.82
Benchmark 12.25% 17.53% 0.00% 0.00% 34.25%
Benchmark : 24% MSCI ACWI Islamic NR USD 24% FTSE Bursa Malaysia EMAS Shariah TR MYR 30% MSCI AC Asia Islamic Ex JPN TR USD 14% Refinitiv BPAM Sukuk Index MYR 8% DJ Sukuk TR USD

Income Distribution History

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 help you build and grow your savings* for retirement. The Scheme comprises of a range of Islamic retirement funds, which you may choose to invest based on your retirement needs, risk appetite and age profile. 

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

This Fund is suitable for Members who:

  • wants wants to invest in a diversified portfolio that offers age-appropriate risk and return profile throughout the investment journey;
  • aims to achieve decent return while planning for retirement;
  • are looking for sustainable return for long term;
  • does not have the time or knowledge to manually switch between funds to achieve de-risking;
  • does not actively monitor and rebalance their portfolio over time;and/or
  • wants a simple and straight forward investment suitable for retirement

Under the Do-It-Fir-Me (Default Option), Members will be allocated into the suitable Core Fund Based on their year of birth:

Core FundsYear of birth
RE601996 - 2005
RE501986 - 1995
RE401976 - 1985
RE301968 - 1975

Click here to learn more about Principal Private Retirement Schemes (PRS) end-to-end retirement solution.

Fund Details

Fund category / TypeCore – Mixed asset (Islamic TDF)

The 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 benchmark was set based on current market environment and asset allocation mix. Currently, the benchmark for iRE40 is:    

Benchmark CompositioniRE40
MSCI ACWI Islamic NR USD  24.0%
FTSE Bursa Malaysia EMAS Shariah TR MYR24.0%
MSCI AC Asia Islamic Ex JPN TR USD   30.0%
Refinitiv BPAM Sukuk Index MYR   14%
DJ Sukuk TR USD 8%

As this 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 PHS, which is available on Principal Malaysia website at www.principal.com.my. 


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 will be invested in unrated Debt Securities; and
  • Up to 10% of the Fund’s NAV will be invested in unlisted securities.
Principal risks

Stock specific risk, credit and default risk, interest rate risk*, country risk, currency risk, risks associated with investment in Shariah-compliant warrants/Islamic options, risks associated with investment in Islamic CIS, risk associated with unconstrained portfolio, risk associated with TDF and Shariah non-compliance risk.

* Please note that although Sukuk is a non-interest bearing instrument, its price movement is correlated to the movement in the interest rates. As such, investment in Sukuk will have an exposure to interest rates. Even though the Fund does not invest in interest bearing instruments, the interest rate referred herein is to the general interest rate of the country which may affect the value of the investment of the Fund.

Distribution policyGiven the Fund’s objective, the Fund is not expected to pay any distribution. Distributions, if any, are at our discretion and will vary from period to period depending on the performance of the Fund.
Launch date23 September 2022
Financial year-end31 August
Cooling off periodYou 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 or prevailing NAV per unit at the point of cooling-off (whichever is lower) ("Refund Amount”). We must obtain prior authorization of the PPA before proceeding with the refund. We will pay the Refund Amount including the Sales Charge (if any) to you in RM within seven (7) Business 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 contributionMYR 100
Minimum additional contributionMYR 50
Minimum withdrawal
MYR 100 or 200 Units

Fund Partner

  • Principal Distributors
  • CIMB Bank Berhad 
  • Harveston Wealth Management Sdn Bhd 
  • iFAST Capital Sdn Bhd 
  • UOB Kay Hian Securities (M) Sdn Bhd
  • Phillip Mutual Bhd
  • Whitman Independent Advisors Sdn Bhd 
  • VKA Wealth Planners Sdn Bhd

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

Fund Fees

Fees and charges charged by Principal Asset Management

Sales Charge (% of the NAV per Unit)#Max. 0.50% of the NAV per unit
Management Fee1.50% p.a. of the Fund’s NAV
Transfer Fee (to another PRS providers)A maximum of MYR 25 may be charged for each transfer to another PRS provider.
Trustee Fee0.04% p.a. of the NAV of the Fund (includes local custodian fees and charges but excludes foreign sub-custodian fees and charges), subject to minimum fee of RM24,000.00 p.a.

# Despite the maximum Sales Charge disclosed above, you may negotiate with us or our Distributors for lower charges. However, you should note that we or our Distributors may, for any reason at any time, where applicable, accept or reject your request and without having to assign any reason, either generally (for all investors) or specifically (for any particular investor or a group of investors) without prior notice to you.

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

PPA account opening feeMYR 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.