FIRST SUPPLEMENTARY MASTER PROSPECTUS DATED 30 DECEMBER 2016€¦ · MASTER PROSPECTUS DATED 10...

AMFUNDS MANAGEMENT BERHAD (154432-A)

FIRST SUPPLEMENTARY MASTER PROSPECTUS DATED 30 DECEMBER 2016

Manager:

AmFunds Management Berhad (154432-A)

Trustees: AmanahRaya Trustees Berhad (766894-T)

Deutsche Trustees Malaysia Berhad (763590-H) HSBC (Malaysia) Trustee Berhad (001281-T)

This First Supplementary Master Prospectus is dated 30 December 2016 and expires on 9 September 2017

(“First Supplementary Master Prospectus”), is to be read in conjunction with the Master Prospectus dated 10 September 2016 (“Master Prospectus”) which incorporates the following Funds:

Conventional Funds

MONEY MARKET FUNDS & SHORT TO MEDIUM TERM FIXED INCOME FUNDS AmCash Management (constituted on 28

November 1986) | AmIncome (constituted on 17 January 2000) | AmIncome Plus* (constituted on 30 October 2001) | AmIncome

Advantage (constituted on 18 May 2006)

FIXED INCOME FUNDS AmBond (constituted on 17 January 2000) |AmDynamic# Bond (constituted on 11 September 2003) |

AmIncome Extra (constituted on 10 May 2005) | AmIncome Reward (constituted on 18 May 2006) | AmTactical Bond (constituted on

29 October 2012)

MIXED ASSETS FUNDS AmBalanced (constituted on 11 September 2003) | AmConservative (constituted on 11 September 2003) |

AmAustralia (constituted on 15 March 2011) | AmGlobal Balanced (constituted on 8 October 2015)

EQUITY FUNDS AmTotal Return (constituted on 23 November 1988) | AmCumulative Growth (constituted on 19 January 1996) |

AmDividend Income (constituted on 18 March 2005) | AmMalaysia Equity (constituted on 5 February 2010) | AmAsia Pacific Leisur e

Dividend (constituted on 25 February 2013) | AmAsia Pacific ex Japan Total Return (constituted on 17 September 2013)

FEEDER FUNDS AmGlobal Property Equities Fund (constituted on 20 October 2005) | AmAsia-Pacific Property Equities (constituted

on 27 June 2006) | AmSchroders European Equity Alpha (constituted on 30 June 2006) | AmPan European Property Equities

(constituted on 29 January 2007) | AmGlobal Agribusiness (constituted on 2 April 2007) | Global Emerging Market Opportunities

(constituted on 5 February 2008) | Advantage BRIC (constituted on 4 May 2010) | Advantage Brazil (constituted on 23 May 2011) | Asia

Pacific Equity Income (constituted on 18 April 2012) | Advantage Asia Pacific ex Japan Dividend (constituted on 1 August 2012)

FUND-OF-FUNDS AmAsia Pacific REITs (constituted on 18 July 2011) | AmDynamic Allocator (constituted on 23 April 2012)

REAL ESTATE (REITs) AmAsia Pacific REITs Plus## (constituted on 1 July 2013)

Shariah-Compliant Funds

MONEY MARKET FUNDS & SHORT TO MEDIUM TERM FIXED INCOME FUNDS AmAl-Amin (constituted on 30 October 2001) |

AmIslamic Fixed Income Conservative (constituted on 9 January 2012)

FIXED INCOME FUNDS AmBon Islam (constituted on 30 October 2001) | AmDynamic# Sukuk (constituted on 12 June 2012) |

AmGlobal Sukuk (constituted on 3 August 2012)

MIXED ASSETS FUNDS AmIslamic Balanced (constituted on 2 September 2004)

EQUITY FUNDS AmIttikal (constituted on 19 October 1992) | AmIslamic Growth (constituted on 2 September 2004) | AmASEAN Equity

(constituted on 6 June 2011)

FEEDER FUNDS AmOasis Global Islamic Equity (constituted on 30 March 2006) | Precious Metals Securities (constituted on 20

September 2007) | Commodities Equity (constituted on 25 March 2010)

# The word “Dynamic” in this context refers to the Fund’s investment strategy which is active management, not buy -and-hold strategy. ## The word “Plus” is used in the Fund’s name as the Fund is a continuation of the AmAsia Pacific

REITs and the Fund may invest in listed equities in the real estate sector.

THIS FIRST SUPPLEMENTARY MASTER PROSPECTUS IS DATED 30 DECEMBER 2016 AND EXPIRES ON 9 SEPTEMBER 2017, WHICH COINCIDES WITH THE DATE OF EXPIRY OF THE MASTER PROSPECTUS.

INVESTORS ARE ADVISED TO READ AND UNDERSTAND THE CONTENTS OF THE MASTER PROSPECTUS AND THIS FIRST SUPPLEMENTARY MASTER PROSPECTUS. IF IN DOUBT, PLEASE

CONSULT A PROFESSIONAL ADVISER.

THIS FIRST SUPPLEMENTARY MASTER PROSPECTUS DATED 30 DECEMBER 2016 IS TO BE READ IN CONJUNCTION WITH THE

MASTER PROSPECTUS DATED 10 SEPTEMBER 2016.

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RESPONSIBILITY STATEMENTS

This First Supplementary Master Prospectus has been reviewed and approved by the directors of AmFunds Management Berhad

and they collectively and individually accept full responsibility for the accuracy of the information. Having made all reasonable

enquiries, they confirm to the best of their knowledge and belief, that there are no false or misleading statement, or omission of

other facts which would make any statement in this First Supplementary Master Prospectus false or misleading.

STATEMENTS OF DISCLAIMER

The Securities Commission Malaysia has authorized the Funds and a copy of this First Supplementary Master Prospectus has

been registered with the Securities Commission Malaysia.

The authorization of the Funds, and registration of this First Supplementary Master Prospectus and Master Prospectus should

not be taken to indicate that the Securities Commission Malaysia recommends the Funds or assumes responsibility for the

correctness of any statement made, opinion expressed or report contained in this First Supplementary Master Prospectus and

Master Prospectus.

The Securities Commission Malaysia is not liable for any non-disclosure on the part of AmFunds Management Berhad, the

management company responsible for the Funds and takes no responsibility for the contents in this First Supplementary Master

Prospectus and Master Prospectus, and expressly disclaims any liability whatsoever arising from, or in reliance upon, the whole

or any part of its contents.

INVESTORS SHOULD RELY ON THEIR OWN EVALUATION TO ACCESS THE MERITS AND RISKS OF THE INVESTMENT.

IF INVESTORS ARE UNABLE TO MAKE THEIR OWN EVALUATION, THEY ARE ADVISED TO CONSULT PROFESSIONAL

ADVISERS.

ADDITIONAL STATEMENTS

No units will be issued or sold based on this First Supplementary Master Prospectus after the expiry date of the Master Prospectus

which is on 9 September 2017.

Investors should note that they may seek recourse under the Capital Markets and Services Act 2007 for breaches of securities

laws including any statement in this Prospectus that is false, misleading, or from which there is a material omission; or for any

misleading or deceptive act in relation to this Prospectus or the conduct of any other person in relation to the Funds.

AmAl-Amin, AmBon Islam, AmIslamic Balanced, AmIttikal, AmIslamic Growth, AmOasis Global Islamic Equity, Precious Metals

Securities (formerly known as AmPrecious Metals), Commodities Equity (formerly known as AmCommodities Equity), AmASEAN

Equity, AmIslamic Fixed Income Conservative, AmDynamic Sukuk and AmGlobal Sukuk have been certified as Shariah-

compliant by the Shariah Adviser appointed for the Funds.

An investment in a Fund is not a deposit of any bank. Neither returns nor repayments of capital are guaranteed by any member

of the AmBank Group or its group of companies.

An investment in a Fund carries with it a degree of risk. The value of units and the income from it, if any, may go down as well as

up, and investors may not get back the amount invested. Investors should consider the risk factors set out under the heading

Risk Factors in the Master Prospectus dated 10 September 2016.

Statements made in this First Supplementary Master Prospectus are based on the law and practice currently in force in Malaysia

and are subject to changes in such law.

No person has been authorized to issue any advertisement or to give any information, or to make any representations in

connection with the offering, placing, subscription, sale, switching or redemption of units in the Funds other than those contained

in this First Supplementary Master Prospectus and Master Prospectus and, if issued, given or made, such advertisement,

information or representations must not be relied upon by an investor. Any purchase made by any person on the basis of

statements or representations not contained in or inconsistent with the information and representations in this First Supplementary

Master Prospectus and Master Prospectus will be solely at the risk of the investor. Investors may wish to consult their independent

professional adviser about the suitability of these Funds for their investment needs.

Investors in the Funds agree that personal details contained on the application form and data relating to them may be stored,

modified and used in any other way by the Funds or the Manager or the Manager’s associated companies within the AmBank

Group and its group of companies for the purposes of administering and developing the business relationship with the investor .

The Funds have not been and will not be offered for sale or sold in the United States of America, its territories or possessions

and all areas subject to its jurisdiction, or to United States persons, except in a transaction which does not violate the securities

laws of the United States of America.



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PERSONAL DATA

As part of our day to day business, we collect your personal information when you apply to open an account with us, subscribe

to any of our products or services or communicate with us. In return, we may use this information to provide you with our products

or services maintain our records or send you relevant information. We may use your personal information for one or more of th e

following purposes, whether in Malaysia or otherwise:

a. Assess your eligibility or suitability for our products which you had applied for and to verify your identity or financial standing

through credit reference checks;

b. To notify you of more and up to-date information such as improvements and new features to the existing products and

services, development of new products, services and promotions which may be of interest to you;

c. Manage and maintain your account(s) through regular updates, consolidation and improving the accuracy of our records. In

this manner we can respond to your enquiries, complaints and to generally resolve disputes quickly so that we can improve

our business and your relationship with us;

d. Conduct research for analytical purposes, data mining and analyze your transactions / use of products and services to better

understand your current financial / investment position and future needs. We will also produce data, reports and statistics

from time to time, however such information will be aggregated so that your identity will remain confidential;

e. Comply with the requirements of any law and regulat ions binding on us such as conducting anti-money laundering checks,

crime detection / prevention, prosecution, protection and security;

f. Enforcement of our rights to recover any debt owing to us including transferring or assigning our rights, interests and

obligations under any of your agreement with us;

g. Perform shared services within AmBank Group such as audit, compliance, legal, human resource, finance and risk

management;

h. Outsourcing of business and back-room operations within AmBank Group; and

i. Any other purpose(s) that is required or permitted by any law, regulations, standards, guidelines and/or relevant regulatory

authorities including the respective trustee of the fund you invest in.

Investors are advised to read our latest or updated Privacy Notice (notice provided as required under Personal Data Protection

Act 2010) available on our website at www.aminvest.com. Our Privacy Notice may be revised from time to time and if there is or

are any revision(s), it will be posted on our website and/or other means of communication deemed suitable by us. However any

revision(s) will be in compliance with the Personal Data Protection Act 2010.



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Unless otherwise provided in this First Supplementary Master Prospectus dated 30 December 2016 (“First

Supplementary Master Prospectus”), all the capitalized terms used herein shall have the same meanings ascribed to

them in the Master Prospectus dated 10 September 2016 (the “Master Prospectus”).

EXPLANATORY NOTE

This First Supplementary Master Prospectus has been issued to inform investors of:

i. Change to the Investment Committee member of the Manager.

ii. Change in relation to AmIncome for the following:-

· minimum Long-Term credit rating of investment in RM-denominated Short to Medium-Term Fixed Income instruments (i.e. debt instruments with maturity of no longer than five (5) years); and

· minimum Long-Term credit rating of investment in securities issued by government, securities which are bank-backed and corporate securities.

iii. Rectification to typographical error for the “Specific Risk associated with the Fund” for AmAsia Pacific ex Japan Total Return.

iv. Rectification to inconsistency disclosure of performance benchmark for AmTactical Bond.

v. Removal of “structured product” disclosure in relation to investment strategy for AmIncome Management.

vi. Revision to the “Transaction Information” which in relation to “Making an Investment” and “Making Withdrawals”.

vii. Change in relation to “Section 17 Managing the Fund’s investment”.

A. CORPORATE DIRECTORY

Page 5 of the Master Prospectus - Investment Committee

The information in relation to Dr. Frank Richard Ashe is hereby deleted and replaced by Zainal Abidin Mohd. Kassim.

B. KEY DATA OF THE FUNDS

Page 8 of the Master Prospectus - Fund Information (Money Market Fund & Short to Medium Term Fixed Income Funds)

With effective 1 February 2017, the minimum Long-Term credit rating of investment in RM-denominated Short to Medium-Term

Fixed Income instruments (i.e. debt instruments with maturity of no longer than five (5) years) for AmIncome is hereby amended

to be read as follows:-

Minimum credit rating Long-Term

RAM A3

MARC A-

S&P A-

Moody’s A3

Fitch A-

Page 30 of the Master Prospectus - Fund Information (Equity Funds)

The “Specific Risk associated with the Fund” for AmAsia Pacific ex Japan Total Return is hereby rectified to be read as follows:-

· Stock Specific Risk

· Credit and Default Risk

· Currency Risk

· Income Distribution Risk

· Liquidity Risk

· Related Party Transaction Risk



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C. FUND’S DETAILED INFORMATION

Page 70 of the Master Prospectus - Investment Strategy of AmIncome

With effective 1 February 2017, the minimum Long-Term credit rating investment in RM-denominated Short to Medium-Term

Fixed Income instruments (i.e. debt instruments with maturity of no longer than five (5) years) for AmIncome is hereby amended

to be read as follows:-


RAM A3

MARC A-

S&P A-

Moody’s A3

Fitch A-

Page 71 of the Master Prospectus - Managing Risk of AmIncome

With effective 1 February 2017, the minimum Long-Term credit rating of investment in securities issued by the government,

securities which are bank-backed and corporate securities for AmIncome is hereby amended to be read as follows:-


RAM A3

MARC A-

S&P A-

Moody’s A3

Fitch A-

Page 75 of the Master Prospectus - Investment Strategy of AmIncome Management

The last paragraph of investment strategy for AmIncome Management is to be read as follows:-

In the event of a credit downgrade of a fixed income instrument, its respective issuer below the minimum rating requirement or

where the Manager at its discretion feels that there is a likelihood of credit default, the Manager may liquidate the particular fixed

income instrument which was affected within a specific period. A credit downgrade means that credit risk has increased but it

does not mean that there will be a default. A credit downgrade will generally have no impact on the value of the fixed income

instrument upon its maturity if credit default did not occur. However, if the Manager chooses to sell the fixed income instrument

prior to its maturity, it may result in capital losses and these losses will be borne by the Fund and reflected in its NAV.

Page 79 of the Master Prospectus - Performance Benchmark of AmTactical Bond

The performance benchmark of AmTactical Bond is hereby rectified to be read as follows:-

Quantshop All MGS Index

There is no specific index available in the market that is applicable for the Fund. As the Fund is a bond fund that invests primarily

in a mixture of domestic and foreign sovereign, quasi-sovereign and corporate bonds, hence this index is chosen as it is widely

used as benchmark for bond funds in Malaysia market. The risk profile of the performance benchmark is not the same as the risk

profile of the Fund. The Fund is expected to outperform the Quantshop All MGS Index.



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D. TRANSACTION INFORMATION

Page 267 of the Master Prospectus - Making an Investment

The disclosure of “Step 3 Documents required (only for initial investment)” is hereby amended to be read as follows: -

Step 3 Documents required

(only for initial investment)

Individual investor and/or joint applicants A copy of your identity card or passport or other document or identification.

Corporate investors a. a certified true copy of the Memorandum and Articles of Association or its equivalent;

b. a certified true copy of Form 24 and 49 or its equivalent;

c. an original copy of Board Resolution approving investments in the Fund or its equivalent;

d. list of authorized personnel to effect any instructions pertaining to the Fund;

e. a copy of the latest audited financial statement of accounts; and

f. any other approval document required from relevant authorities, where applicable.

We reserve the right to request additional document from you, where applicable.

You can submit the application with complete documentation to us. If we do not receive the complete documentation, we reserve the right to reject the application. We also reserve the right to reject any application without providing any reason.

The disclosure of “Step 4 Manner of payment and delivery” is hereby amended to be read as follows:-

Step 4

Manner of payment and

delivery

Upon clearance based on our “Know-Your-Customer” policy, you can deposit payment into our account upon

advised by us. Your application will be accepted and shall be processed based on the net amount received. If you deposit payment into our account without notifying us, we reserve the right to reject your application and hold such amount until claimed.

Payments can be made by depositing payment into our account using either cheque, bank draft or telegraphic transfer payable to:

“AmFunds Management Berhad - Trust A/C”

You are advised to write your name and new identification card number (NRIC)/ passport number and contact number at the back of the cheque or bank draft.

You will have to provide us with the proof of payment. We reserve the right to vary the manner of payment from time to time, and shall be communicated to you.

Sales of Units will be processed upon receipt of complete documentation and proof of payment.

Page 271 of the Master Prospectus - Making Withdrawals

The disclosure under “Manner of payment” is hereby amended to be read as follows:-

Manner of payment - Redemption

- All withdrawal proceeds will be made in the currencies which the Units are denominated will be paid to you either by

telegraphic transfer, cheque or bank draft.

- Under any circumstances where the withdrawal proceeds cannot be transferred, the manner of payment will be by: -

· cheque for payment in RM if your Units are RM denominated; or

· bank draft in the currencies which your Units are denominated.

- No withdrawals will be paid in cash under any circumstances.

- We reserve the right to vary the manner of payment from time to time, and shall be communicated to you.



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E. MANAGING THE FUND’S INVESTMENT

Page 285 of the Master Prospectus

The disclosure under “Managing the Fund’s Investment” is hereby amended to be read as follows: -

17.1 The Manager AmFunds Management Berhad

AFM was incorporated on 9 July 1986 and is a wholly owned by AmInvestment Bank Berhad with effective from 21 July 2016. As at Latest Practicable Date, AFM has more than 30 years of experience in the unit trust industry. As at Latest Practicable Date,

the total number of Funds under AFM were 85 with a total fund size approximately RM30.36 billion. Pursuant to the initiative of AMMB Holdings Berhads the holding company of AFM and AmInvestment Management Sdn Bhd

initiative to streamline the business operations of its asset management business under AmInvestment Management Sdn Bhd and the unit trust business under AFM, the businesses of both AmInvestment Management Sdn Bhd and AFM are consolidated to operate under a single operating structure, i.e., under AFM.

With effect from 1 December 2014, AFM is the holder of a Capital Markets and Services Licence for the regulated activities of fund management, dealing in securities restricted to unit trusts and dealing in private retirement scheme issued under the Act.

AFM is responsible to manage, invest, realize, reinvest or howsoever deal with the Funds in accordance with the investment objective and guidelines, including investment limits and restrictions of the Funds.

AFM is also registered as a Fund Management Institution (FMI) with EPF to allow it to offer unit trust funds which are approved by EPF to EPF members under the EPF Member Investment Scheme. AFM has been registered as a FMI since 31 October

1996. As an appointed FMI, AFM is guided by the requirements of the Guidelines on EPF Members Investment Scheme. As at Latest Practicable Date, AFM has 209 employees of whom 187 are executives and 22 non-executives.

Further and updated information about the Manager, investment committee, Shariah adviser and fund manager is provided in

our website.

17.2 Duties and Responsibilities of The Manager

The Manager is responsible for setting the investment policies and objective for the Fund. The Manager is also responsible for the promotion and administration of the Funds which include but not limited to issuing units, preparing and issuing prospectuses.

17.3 The Board of Directors The board of directors, of which one-third (1/3) are independent members, exercise ultimate control over the operations of AFM.

The board of directors meets once every two (2) months to discuss and decide on business strategies, operational priorities and ways of managing risk within AFM.

The board of directors acts to ensure that investment risk and operational risk are monitored and managed. It also ensures that AFM's operations comply with regulations issued by the government and regulatory authorities.

Pushparani a/p A Moothathamby (Non-Independent) was appointed to the Board of Directors of AmFunds Management Berhad as a non-independent director on 2 November 2015. She is currently the Managing Director of Wholesale Banking of AmBank Group and Acting CEO of AmInvestment Bank Berhad. She joined AmBank Group in 1989 and has over 26 years of experience

in the corporate, commercial and investment banking, capital markets and advisory. She has held various senior management positions in AmBank Group.

Prior to joining AmBank Group, she was attached with Coopers & Lybrand (now known as PricewaterhouseCoopers), undertaking financial and consultancy related works. She sits on the boards of several companies of AmBank Group, which include the Trustee Services, Offshore Banking, Venture Capital Management, Real Estate Investment Trust, Fund Management and Private

Equity. She is also on the boards of Financial Institutions Directors’ Education (FIDE) and Asian Banking School Sdn Bhd. She is the Alternate Chairman of the Malaysian Investment Banking Association (MIBA) and Member of the Working Group of

Financial Services Professional Board (FSPB). She is actively involved in the financial sector market development and sits on Regulatory and Industry panels and working groups.

She is a fellow member of the Chartered Association of Certified Accountants, United Kingdom and member of the Malaysian Institute of Accountants.

Tai Terk Lin (Independent) was appointed to the board of directors of AmFunds Management Berhad as an independent and non-executive director on 15 December 2014. He was previously the Group Chief Executive Officer of ICB Financial Group Holdings AG, the holding company of ICB Banking Group, and a Commissioner of PT Bank ICB Bumiputera. Before that, Mr. Tai

was the executive director of Platinum Capital Management (Asia) and a Senior Vice President of DBS Bank in Singapore, heading their hedge Funds and private banking business for their Asia and Malaysia market respectively. Mr. Tai holds a Master of Business Administration (MBA) from Cranfield University, United Kingdom. He has a Bachelor of Science with Education



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(B.Sc.Ed (Hons)) from the University of Malaya and holds the Certified Financial Planner (CFP) and the Financial Industry Certified Professional (FICP) from the Institute of Banking and Finance (IBF), Singapore.

Mustafa Bin Mohd Nor (Independent) was appointed to the Board of Directors of AmFunds Management Berhad as an Independent and Non-Executive Director on 3 March 2014. He is also a Director of KUISAS Berhad and a Member of State

Investment Committee, Perak Darul Ridzuan. In total, he has approximately 40 years of vast and diversified experience in economics, investment advisory, stockbroking, unit trust, asset and Fund management. He obtained a Masters of Arts (Economic Policy) from Boston University and Bachelor of Economics (Analytical) from University of Malaya.

Sum Leng Kuang (Independent) was appointed to the Board of Directors of AmFunds Management Berhad as an independent and non-executive director on 18 January 2016. She possesses an extensive investment management experience of more than

three (3) decades, particularly in managing fixed income investment portfolios, credit evaluation and credit risk management. She had dedicated a total of thirty one (31) years of service to Great Eastern Group until year 2013. As Head of Fixed Income

Investment in Great Eastern Life Assurance (Malaysia) Berhad, she was responsible for the management of approximately RM40.0 billion fixed income funds.

She has also been actively involved in the development of local fixed income market via active participation in industry dialogues and direct consultations with issuers, investors, rating agencies, regulatory bodies and federal agencies.

She is currently a Director of Pacific & Orient Insurance Co. Berhad and has also been appointed as the Investment Advisor of Credit Guarantee Corporation Malaysia Berhad.

She graduated from University of Canterbury, New Zealand with a Bachelor of Commerce degree, majoring in Finance. She is also a Certified Financial Planner.

Datin Maznah Mahbob (Non-Independent) is the Chief Executive Officer of AmInvest. She is responsible for business strategy and management of AmInvest. She has been in the fund management industry since 1987. Prior to this, she was in the Corporate Finance Department of AmInvestment Bank for 3 years. She is a graduate of the Institute of Chartered Secretaries and

Administrators (UK) and holds the Capital Markets Services Representative's License for the regulated activity of fund management. She was appointed to the Board of Directors of AFM on 29 December 2005. She also sits on the Board of Directors of AMMB Nominees (Tempatan) Sdn Bhd, AMMB Nominees (Asing) Sdn Bhd and AMMB (L) Ltd.

17.4 Investment Committee

The Fund is required by the Guidelines to have an Investment Committee. The Committee meets at least five (5) times a year to review the Fund’s investment objectives and guidelines, and to ensure that the Fund is invested appropriately.

The Investment Committee members are as follows:-

i. Sum Leng Kuang (Independent);

ii. Tai Terk Lin (Independent); iii. Mustafa Bin Mohd Nor (Independent); iv. Zainal Abidin Mohd. Kassim (Independent); and

v. Datin Maznah Mahbob (Non-Independent).

17.5 Investment Team of The Manager

GOH WEE PENG

Deputy Chief Executive Officer and Chief Investment Officer, Fixed Income

Designated fund manager for all fixed income funds, AmConservative, AmGlobal Balanced and private retirement

scheme funds

Wee Peng is the Deputy Chief Executive Officer and Chief Investment Officer, Fixed Income. She oversees all fixed income

business including the growth for fixed income asset under management of AmInvest. She is responsible for the development of

new fixed income and derivatives strategies and capabilities. She started her career in financial industry since 1997. She has

vast experience in financial industry in different role, i.e. money broking, analyst, fixed income bond trading and fund

management. In the past 15 years in AmInvestment Management Sdn Bhd, she has been managing various fixed income funds,

i.e. unit trust and institutional mandate. She is responsible in overseeing the fixed income mandates and guiding a team of fund

managers and credit research team. Her key role includes formulating trading and investment strategies for the team by identifying

opportunities in different market trends, she presents to the clients market outlook and strategies for their portfolio on a regular

basis. She is the designated fund manager for all fixed income funds and private retirement scheme funds, supported by a team

of fund managers. She also holds the Capital Markets Services Representative’s License for the regulated activity of fund

management.

HASLINDA BINTI IBRAHIM

Designated fund manager for AmIslamic Growth

Haslinda is the Vice President, Equities. She has been in the fund management industry since 1994 and has wide experience in

managing equities funds as well as research. Her responsibilities include managing Shariah-compliant equities funds and

conducting research, focusing on Indonesia equity. She holds a Bachelor of Economics (Hons) in Accounting and Finance,

University College of Wales, Aberystwyth. She holds the Capital Markets Services Representative’s License for the regulated

activity of fund management.



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SURYATI IZWANA BINTI ALIAS

Designated fund manager for AmIttikal and AmASEAN Equity

Suryati has over 13 years of experience in equity investment. She is currently a Senior Fund Manager and Equity Investment

Analyst with the AmIslamic Funds Management Sdn Bhd.

Her fund management experience includes managing clients’ funds and Islamic unit trusts funds with various client types,

investment objectives and constraints mandates such as growth, balanced and income. While her experience in research covers

a wide range of industries, locally and in Thailand.

She holds a Bachelor of Science Degree in Management (Hons) from Case Western Reserve University, Cleveland Ohio, USA.

She has the Capital Markets Services Representative’s License for the regulated activity of fund management.

KAREEN ONG SHIAU LING

Designated fund manager for AmAsia Pacific REITs Plus and AmCumulative Growth

Kareen is the Senior Manager, Equities. She has over 15 years of investment related experience in managing equities funds,

research as well as back office/operations within the industry. Her key responsibilities include managing funds, analysing and

making stock investment recommendations on publicly listed companies with primary as well as secondary equity research for

Malaysia, ASEAN and Asia Pacific equities. She holds a Bachelor of Science (Economics), specialising in Banking and Finance,

and she also holds the Capital Markets Services Representative’s License for the regulated activity of fund management.

YONG KONG CHUAN

Designated fund manager for AmDividend Income, AmDynamic Allocator, AmTotal Return and AmBalanced

Yong Kong Chuan is the Vice President, Equities. He has over 10 years of investment related experience in managing equities

funds, research as well as quantitative modeling within the industry. His key responsibilities include managing funds, asset

allocation, stocks screening, analyzing and making stock investment recommendations on publicly listed companies with primary

as well as secondary research for global ETFs, domestic and Asia Pacific equities. He holds a Master of Science (Industrial

Engineering) and Master of Arts (Financial Economics), specializing in Econometric and Finance, and he also holds the Capital

Markets Services Representative’s License for the regulated activity of fund management.

CHEONG YOKE PHING

Designated fund manager for AmIslamic Balanced

Cheong Yoke Phing is a Fund Manager with the Equities team of the Funds Management Division with over 9 years relevant

experience in this field. She started off as an Auditor at KPMG before entering the asset management industry in 2007 as an

Investment Analyst with Equity team. She is currently managing unit trust fund and institutional client funds. She is also

responsible for primary/secondary equities research, analysis & producing reports on listed local utilities stocks as well as stocks

listed in China & Hong Kong market. She holds a Bachelor of Commerce (Accounting) in University of Adelaide, Australia and a

member of CPA Australia. She holds the Capital Markets Services Representative’s License for the regulated activity of fund

management.

SELINA YONG SOOK TING

Designated fund manager for AmAsia Pacific REITs, AmMalaysia Equity and AmAustralia

Selina is the Senior Manager, Equities. She has over 9 years of investment related experience in managing equities funds and

equity research. Her key responsibilities include managing funds, providing the equities team with primary as well as secondary

equity research, analysis & producing reports on listed local property and construction stocks and sectors. She holds a Bachelor

of Science (Economics) from University of Warwick, and she also holds the Capital Markets Services Representative’s License

for the regulated activity of fund management.

DARREN SAW ZHE X'IAN

Designated fund manager for AmAsia Pacific Leisure Dividend and AmAsia Pacific ex Japan Total Return

Darren is the Senior Manager, Equities Fund. He has been in the fund management industry since 2007 and has wide experience

in managing equities funds as well as research. His responsibilities include managing both local and regional equities funds while

also conducting research with focus on India, Gaming, Tobacco, and Brewery. He holds a Bachelor of Business in Economics

and Finance, University of Technology Sydney, Australia. He holds the Capital Markets Services Representative’s License for

the regulated activity of fund management.



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HEW PEI HONG

Designated fund manager for AmOasis Global Islamic Equity, Commodities Equity and Precious Metals Securities

Hew Pei Hong is the Manager, Quantitative Strategies & Solutions. She has worked in the area of quantitative investment

research in equities since 2010. Her area of expertise includes building stock selection models, deriving portfolio construction

rules and back testing new strategies. She holds a Bachelor degree (Honours) in Applied Statistics from Universiti Sains Malaysia.

She also holds the Capital Markets Services Representative’s License.

TAN CHEE JIN

Designated fund manager for AmPan European Property Equities and AmSchroder European Equity Alpha

Tan Chee Jin is currently working as a fund manager in Quantitative Strategies and Solutions Department. He is responsible for

managing feeder funds, structured product funds and equity quantitative research. He holds licence for CMSRL and PKMC. He

is also Chartered Financial Analyst (CFA) charter holder. He graduated from Macquarie University with Bachelor of Applied

Finance.

HUEGESH MARIMUTHU

Designated fund manager for Advantage Asia Pacific ex Japan Dividend, Advantage Brazil, Advantage BRIC, AmAsia-

Pacific Property Equities, AmGlobal Agribusiness, AmGlobal Property Equities, Asia Pacific Equity Income and Global

Emerging Market Opportunities

Huegesh is currently working as a fund manager in Quantitative Strategies and Solutions Department. He is responsible for

managing feeder funds, structured product funds and equity quantitative research. He holds licence for CMSRL. He is responsible

in backtesting equity strategies, screening stocks based on quantitative models, developing quantitative models to enhance the

existing models used. He graduated from National University of Singapore with a Bachelor degree in Applied Mathematics.

17.6 Material Litigation

As at Latest Practicable Date, the Manager is not engaged in any material litigation and arbitration, including those pending or threatened, and any facts likely to give rise to any proceedings which might materially affect the business/financial position of the

Manager and of its delegates.

17.7 The Shariah Adviser

Amanie Advisors Sdn Bhd Amanie Advisors Sdn Bhd (''Amanie'') is a Shariah advisory, consultancy, training and research and development boutique for

institutional and corporate clientele focusing on Islamic financial services. Amanie is a registered Shariah advisory company for Islamic unit trust with the SC. It has been established with the aim of addressing the global needs for experts' and Shariah scholars' pro-active input. This will ultimately allow the players in the industry to manage and achieve their business and financial

goals in accordance with the Shariah Principles. Amanie also focuses on organizational aspect of the development of human capital in Islamic finance worldwide through providing updated quality learning embracing both local and global issues on Islamic financial products and services.

The company is led by Datuk Dr. Mohd Daud Bakar and teamed by an active and established panel of consultants covering every aspect related to the Islamic banking and finance industry both in Malaysia and the global market. Currently the team comprises

of six (6) full-time consultants who represent dynamic and experienced professionals with a mixture of corporate finance, accounting, product development, Shariah law and education.

Amanie meets every quarter to address Shariah advisory matters pertaining to our Shariah-compliant Funds’ investments. Since 2005, Amanie has acquired eleven (11) years of experience in the advisory role of unit trusts and as at 1 September 2016 there are 150 funds which Amanie acts as Shariah adviser.

The roles of Shariah Adviser are:

(1) To ensure that the Fund is managed and administered in accordance with Shariah Principles. (2) To provide expertise and guidance in all matters relating to Shariah Principles, including on the Fund's deed and prospectus,

its structure and investment process, and other operational and administrative matters.

(3) To consult with SC where there is any ambiguity or uncertainty as to an investment, instrument, system, procedure and/or process.

(4) To act with due care, skill and diligence in carrying out its duties and responsibilities.

(5) Responsible for scrutinizing the Fund's compliance report as provided by the compliance officer and investment transaction reports provided by, or duly approved by, the Trustee to ensure that the Fund's investments are in line with Shariah Principles.

(6) To prepare a report to be included in the Fund's interim and annual reports certifying whether the Fund have been managed and administered in accordance with Shariah Principles for the period concerned.



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The designated person responsible for Shariah advisory matters of the Fund is Datuk Dr. Mohd Daud Bakar as the Chairman.

Other consultants are: (1) Mohd Zikri Mohd Shairy

(2) Amran Ibrahim (3) Nur Izzaatirah Rosli

The Consulting Team

Datuk Dr. Mohd Daud Bakar

Shariah Adviser

Datuk Dr. Mohd Daud Bakar is the Founder and Executive Chairman of Amanie Group that deals with many facets of global

Islamic finance from Shariah advisory to structured training to media and to Big Data Analytics. Amanie Advisors, one of the

companies under the Group, has presence in ten major cities in the world. He currently sits as a Chairman of the Shariah Advisory

Council at the Central Bank of Malaysia, the Securities Commission of Malaysia, the Labuan Financial Services Authority and

the International Islamic Liquidity Management Corporation (IILM). He is also a Shariah board member of various financial

institutions, including the National Bank of Oman (Oman), Noor Islamic Bank (Dubai), Amundi Asset Management (France),

Morgan Stanley (Dubai), Bank of London and Middle East (London), BNP Paribas (Bahrain), Dow Jones Islamic Market Index

(New York), First Gulf Bank (UAE), amongst many others.

Prior to this, he was the Deputy Vice-Chancellor at the International Islamic University Malaysia. He received his first degree in

Shariah from University of Kuwait in 1988 and obtained his PhD from University of St. Andrews, United Kingdom in 1993. In 2002,

he completed his external Bachelor of Jurisprudence at University of Malaya. He has published a number of articles in various

academic journals and has made many presentations in various conferences both local and overseas.

On the recognition side, Datuk Dr. Daud has been honoured with “The Asset Triple A Industry Leadership Award” at The

Asset Triple A Islamic Finance Award 2014 and “Shariah Adviser Award” at The Asset Triple A Islamic Finance Award 2016

for the Best Securitisation Sukuk- Purple Boulevard 450 million ringgit asset-backed ijara sukuk by The Asset Magazine.

He is also being named as the “Most Outstanding Individual”, awarded by His Majesty, the King of Malaysia, in conjunction

with the national-level Prophet Muhammad's birthday 2014. The recent recognition is the “Award of Excellence for Outstanding

Contribution for Shariah Leadership & Advisory” at London Sukuk Summit Awards, May 2016.

Under Datuk Dr. Daud leadership, Amanie Advisors has received an award of “Islamic Economy Knowledge Infrastructure”,

at the Global Islamic Economy Summit 2015, by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and

Prime Minister of the UAE and Ruler of Dubai, Oct 2015.

On the publication side, Datuk Dr. Daud has just published his first master piece book entitled “Shariah Minds in Islamic

Finance: An Inside Story of A Shariah Scholar”. Datuk is currently the 3rd Professorial Chairholder in Islamic Banking and

Finance of Tun Ismail Foundation (YTI-PNB) by Islamic Science University of Malaysia (USIM) and also sits as a Board Director

to Sime Darby Berhad.

Mohd Zikry Mohd Shairy Chief Executive Officer

Mohd Zikri Mohd Shairy is the Chief Executive Officer of Amanie Advisors, earned his Bachelor of Laws (LL.B) and Master of

Comparative Laws from International Islamic University Malaysia. Zikri started his journey in the Islamic banking industry in

January 2007 after graduated from his first degree. He served Bank Muamalat Malaysia Berhad and RHB Islamic Bank Berhad

as financing executive who based at several branches of the Banks. He later joined Shariah Division of Bank Islam in 2009 and

led Shariah Risk Management Department since 2011 until January 2015.

In the training field, he is an Accredited Training Professional granted by Institute of Leadership & Management, United Kingdom.

He delivered a lot of training sessions covering mainly on Shariah governance and Shariah risk management topics for local and

international clients.

Amran Ibrahim Consultant

Amran Ibrahim is a Consultant with Amanie Advisors, graduated with a Bachelor of Business Administration (Hons) Finance from

Mara University of Technology Malaysia. He started his career in November 2004 as an officer in the Business Financing &

Investment Department of CIMB Islamic Bank Berhad. He primarily involved in credit analysis for the preparation of credit

proposition and evaluation for the purpose of granting financing facilities. In 2006, he joined Product Development Department

and was responsible for research, design, development and launching of competitive Islamic banking products.

Amran continued his career in Product Development Department at Bank Islam Malaysia Berhad in May 2010, where he involved

in various aspects of product structuring, development, enhancement and launching of retail banking, corporate banking and

trade finance products.

Prior to joining Amanie, He was with Cagamas Berhad, the National Mortgage Corporation of Malaysia as Assistant Vice

President in the Islamic Business Department. He was actively involved in the issuance of Sukuk as well as designing,

conceptualisation and development of new Islamic financial products.



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Nur Izzaatirah Rosli

Associate Consultant

Nur Izzaatirah binti Rosli is a consultant at Amanie Advisors. She graduated from the International Islamic University Malaysia

(IIUM) with a Bachelor’s Degree of Science Islamic Finance (Hons). Prior to joining Amanie, she was a graduate trainee with

Sime Darby Holdings Berhad under the Department of Treasury where she was exposed to Forex transactions and Risk

Management System. She has also served at CIMB Bank Berhad as an intern under the CIMB Group Islamic Banking Division.

Currently, she is responsible to deal with the financial and shariah advisory services such as Shariah stock screening, Shariah

monitoring and compliance review to various clients including financial institutions and global asset management companies.

(THE REMAINDER OF THIS PAGE HAS BEEN DELIBERATELY LEFT BLANK)

The following is a sample of the application form intended for

viewing and informational purposes only. To make an application,

investors are advised to obtain the original copies of the

application form at the addresses mentioned at the last page of

the prospectus.

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