Disclaimer

Not an Offer to Sell or a Solicitation to Buy

Each of the funds referred to in the Principal Asset Management Berhad (‘Principal’) website is intended only to be made available in Malaysia and offered only to persons in Malaysia. The data presented is for information purposes only and is not a recommendation to buy or sell any securities or adopt any investment strategy. This material is not intended to be relied upon as a forecast, research, or investment advice regarding a particular investment or the markets in general, nor is it intended to predict or depict performance of any investment. The information it contains does not take account of any investor's investment objectives, particular needs or financial situation. You should consider whether an investment fits your investment objectives, particular needs and financial situation before making any investment decision.

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  1. have read, understood and agree to the above;
  2. are a Malaysian resident and you are accessing the information from within Malaysia; and
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Principal Islamic RetireEasy Income - Class X

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 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 retirement solution that is straightforward and easy to understand;
  • wants a Shariah-compliant portfolio that invest in multi assets globally; and/or
  • have reached Retirement Age and require a steady stream of income from enrolling in RWP.

Click here to learn more about Principal Islamic RetireEasy Income fund.

Fund Video

Fund Details

Fund category / Type

Core - Mixed Asset (Shariah-compliant)
 

Benchmark

The performance of this Fund cannot be compared directly with any specific publicly available benchmark. However, the Fund has a target return of 3.5% - 4.5% per annum over rolling 5-year. Please note that the Fund’s 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 target return above were set based on current market environment and asset allocation mix. As the iREI 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 Sukuk; and
•    Up to 10% of the Fund’s NAV  may be invested in unlisted Shariah-compliant 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, 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 20 April 2022.
 
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 contribution Nil
 
Minimum additional contribution Nil
 
Minimum withdrawal MYR 100 or 200 Units

Fund Partner

  • Principal Distributors

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

Fund Fees

Fees and charges charged by Principal Asset Management

Sales Charge# Nil
 
Management Fee 1.40% 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 Fee

0.04% p.a. of the Fund’s NAV

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

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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.