ASNB MasterProspectus 2011

ASNB MASTER PROSPECTUS
2011/2012
PREFACE
The Unitholders and potential Unitholders of Sekim Amanah Saham Nasional (ASN), Amanah Saham Nasional 2 (ASN 2), Amanah Saham Nasional 3 Imbang (ASN 3), Amanah Saham Gemilang (ASG) and the three unit trust funds under its umbrella namely, Amanah Saham Pendidikan (ASG-Pendidikan), Amanah Saham Kesihatan (ASG-Kesihatan) and Amanah Saham Persaraan (ASG-Persaraan), Skim Amanah Saham Bumiputera (ASB), Amanah Saham Wawasan 2020 (ASW 2020), Amanah Saham Malaysia (ASM), Amanah Saham Didik (ASD) and Amanah Saham 1Malaysia (AS 1Malaysia) (collectively known as Unit Trust Funds or Funds). Dear Valued Investor, On behalf of the Board of Directors of Amanah Saham Nasional Berhad (The Manager), we wish to inform you that each of the Funds mentioned above has its own objective which is mentioned in Sections 3.1 to 3.9 of this Prospectus. In order to achieve the investment objectives of the respective Funds, various strategies will be adopted, which is suitable with the Funds objective as mentioned in Sections 3.1 to 3.9 and Section 5.1 of this Prospectus. Notwithstanding the above, Unitholders of the Fund should also be aware of the inherent risks of investing in the Funds which include, among others, capital market risk, specific risk/stock risk and credit/default risk. Further information on the risk factors is detailed in Section 4 of this Prospectus. Therefore, investors should take into consideration the investment objectives, strategies and risks before investing in the Funds. Please refer to Sections 3.1 to 3.9 for more information on the profile of investors for each Fund. There are fees and charges that will be incurred by investors when purchasing or redeeming units of the Funds such as sales charge, repurchase charge, annual management fee and annual Trustee fee. Further details of these fees and charges are disclosed in Section 8 of this Prospectus. Units of the Funds may be acquired at any of our ASNB offices or branches of our agents throughout Malaysia. Please refer to Sections 18 and 19 of this Prospectus for more information on the Directory. We recommend that potential investors read this Prospectus in its entirety before making an investment decision and if you have any doubts, consult a professional adviser. If you have any queries on our Funds, please feel free to contact our Customer and Agent Relations Department at 03-20573000/03-20573111 or email us at asnbcare@pnb.com.my. Thank you. Yours faithfully, For and on behalf of The Board of Directors Amanah Saham Nasional Berhad
Tun Ahmad Sarji bin Abdul Hamid Chairman
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RESPONSIBILITY STATEMENT
This Prospectus has been reviewed and approved by the directors of the Management Company 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 Prospectus false or misleading.
STATEMENTS OF DISCLAIMER
The Securities Commission has approved the issue of, offer for subscription or purchase, or issue an invitation to subscribe for or purchase units of the unit trust fund and a copy of this Prospectus has been registered with the Securities Commission. The approval, and registration of this Prospectus, should not be taken to indicate that the Securities Commission recommends the Funds or assumes responsibility for the correctness of any statement made or opinion or report expressed in this Prospectus. The Securities Commission is not liable for any non-disclosure on the part of the Management Company responsible for the Funds and takes no responsibility for the contents in this Prospectus. The Securities Commission makes no representation on the accuracy or completeness of this 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 ASSESS THE MERITS AND RISKS OF THE INVESTMENT. IN CONSIDERING THE INVESTMENT, INVESTORS WHO ARE IN DOUBT ON THE ACTION TO BE TAKEN SHOULD CONSULT PROFESSIONAL ADVISERS IMMEDIATELY.
No units will be issued or sold based on this Prospectus later than one year after the date of this Prospectus. Investors are advised to note that recourse for false or misleading statements or acts made in connection with the Prospectus is directly available through sections 248, 249 and 357 of the Capital Markets and Services Act 2007.
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ASNB MASTER PROSPECTUS 2011/2012 ASNB MASTER PROSPECTUS 2011/2012
TABLE OF CONTENTS
1. 2. 3. 3.1 3.2 3.3 3.4 3.5 3.6 3.7 3.8 3.9 3.10 3.11 3.12 4. 4.1 4.2 5. 5.1 5.2 5.3 5.4 5.5 5.6 5.7 5.8 5.9 5.10 5.11 5.12 5.13 6. 6.1 6.2 6.3 6.4 6.5 6.6 6.7 6.8 6.9 GLOSSARY OF TERMS/ABBREVIATION ..................................................................................................... 1 CORPORATE DIRECTORY .......................................................................................................................... 5 KEY DATA ................................................................................................................................................. 7 ASN .................................................................................................................................................................. 7 ASN 2 ............................................................................................................................................................... 8 ASN 3 ............................................................................................................................................................... 9 ASG ............................................................................................................................................................... 10 ASB ................................................................................................................................................................ 12 ASW 2020 ...................................................................................................................................................... 13 ASM ............................................................................................................................................................... 14 ASD ................................................................................................................................................................ 15 AS 1MALAYSIA ............................................................................................................................................... 16 FEES & CHARGES VARIABLE PRICE (ASN, ASN 2, ASN 3 AND ASG) ................................................................. 17 FEES & CHARGES FIXED PRICE (ASB, ASW 2020, ASM, ASD AND AS 1MALAYSIA) ............................................ 18 TRANSACTION INFORMATION ....................................................................................................................... 19 RISK FACTORS .............................................. .23 GENERAL RISKS OF INVESTING IN UNIT TRUST FUND ............................... 23 SPECIFIC INVESTMENT RISKS.................................................. 24 INFORMATION ON THE FUNDS............................................................................................................... 26 GENERAL INFORMATION ON THE FUNDS OBJECTIVE AND STRATEGY.............................................. . 26 GENERAL INFORMATION ON THE BENCHMARK ........................................................................................... 28 ASN ................................................................................................................................................................ 29 ASN 2 ............................................................................................................................................................. 31 ASN 3 ............................................................................................................................................................. 33 THE THREE FUNDS UNDER THE UMBRELLA OF ASG.................................................................................. ....35 ASB ................................................................................................................................................................ 37 ASW 2020 ...................................................................................................................................................... 39 ASM ............................................................................................................................................................... 41 ASD ................................................................................................................................................................ 43 AS 1MALAYSIA ............................................................................................................................................... 45 BASES OF VALUATION FOR INVESTMENTS .................................................................................................... 47 POLICY IN RESPECT OF VALUATION POINT(S) TO DETERMINE THE NAV OF THE FUND ............................... 48 PERFORMANCE OF THE FUNDS .............................................................................................................. 49 PERFORMANCE OF ASN ................................................................................................................................. 51 PERFORMANCE OF ASN 2 .............................................................................................................................. 52 PERFORMANCE OF ASN 3 .............................................................................................................................. 53 PERFORMANCE OF ASG ................................................................................................................................. 54 PERFORMANCE OF ASB ................................................................................................................................. 56 PERFORMANCE OF ASW 2020 ....................................................................................................................... 57 PERFORMANCE OF ASM ................................................................................................................................ 58 PERFORMANCE OF ASD ................................................................................................................................. 59 PERFORMANCE OF AS 1MALAYSIA ................................................................................................................ 60
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ASNB MASTER PROSPECTUS 2011/2012 2011/2012
7. 7.1 7.2 7.3 7.4 7.5 7.6 7.7 7.8 7.9 7.10 7.11 7.12 8. 8.1 8.2 9. 9.1 9.2 9.3 9.4 9.5 9.6 9.7 10. 10.1 10.2 10.3 10.4 10.5 10.6 10.7 10.8 10.9 10.10 10.11 10.12 11. 11.1 11.2 11.3
HISTORICAL FINANCIAL HIGHLIGHTS OF THE FUNDS ............................................................................... 61 AN EXTRACT ON THE FUNDS AUDITED FINANCIAL STATEMENTS FOR THE LAST THREE FINANCIAL YEARS 61 ASN ................................................................................................................................................................ 61 ASN 2 ............................................................................................................................................................. 62 ASN 3 ............................................................................................................................................................. 62 ASG ................................................................................................................................................................ 63 ASB ................................................................................................................................................................ 64 ASW 2020 ...................................................................................................................................................... 64 ASM ............................................................................................................................................................... 65 ASD ................................................................................................................................................................ 65 AS 1MALAYSIA ............................................................................................................................................... 65 TOTAL ANNUAL EXPENSES INCURRED BY THE FUNDS ................................................................................... 66 MANAGEMENT EXPENSE RATIO .................................................................................................................... 66 FEES, CHARGES AND EXPENSES .............................................................................................................. 69 CHARGES AND FEES DIRECTLY INCURRED WHEN PURCHASING OR REDEEMING UNITS OF THE FUNDS....... 69 CHARGES AND FEES INDIRECTLY INCURRED .................................................................................................. 70 TRANSACTION INFORMATION ............................................................................................................... 73 VALUATION POINTS FOR THE PURPOSE OF DETERMINING THE NAV ............................................................ 73 NAV FOR ASN, ASN 2, ASN 3, ASG-PENDIDIKAN, ASG-KESIHATAN AND ASG-PERSARAAN............................. 73 PRICING POLICY ............................................................................................................................................. 73 SINGLE PRICING POLICY FOR ASN, ASN 2, ASN 3, ASG-PENDIDIKAN, ASG-KESIHATAN AND ASG-PERSARAAN ........................................................................................................................................... 74 TRANSACTION DETAILS.................................................................................................................................. 78 PAYMENT OF INCOME DISTRIBUTION ........................................................................................................... 79 ADDITIONAL INFORMATION.......................................................................................................................... 81 MANAGEMENT AND ADMINISTRATION ................................................................................................. 85 GENERAL INFORMATION ON ASNB ............................................................................................................... 85 THE BOARD OF DIRECTORS ............................................................................................................................ 85 COMPANY SECRETARY ................................................................................................................................... 88 KEY MANAGEMENT STAFF ............................................................................................................................. 88 SENIOR COMPLIANCE OFFICER ...................................................................................................................... 89 FINANCIAL INFORMATION ON ASNB ............................................................................................................. 90 ROLES, DUTIES AND RESPONSIBILITIES OF THE MANAGEMENT COMPANY .................................................. 90 FUNCTIONS OF THE INVESTMENT COMMITTEES OF THE FUNDS ................................................................. 90 THE INVESTMENT MANAGER ........................................................................................................................ 93 RETIREMENT, REMOVAL OR REPLACEMENT OF THE MANAGEMENT COMPANY .......................................... 97 POWERS OF THE MANAGEMENT COMPANY TO REMOVE THE TRUSTEE ....................................................... 97 DISCLOSURE OF CURRENT MATERIAL LITIGATION AND ARBITRATION .......................................................... 98 TRUSTEE ................................................................................................................................................. 99 GENERAL INFORMATION ............................................................................................................................... 99 FINANCIAL INFORMATION ............................................................................................................................. 99 BOARD OF DIRECTORS ................................................................................................................................... 99
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11.4 11.5 11.6 11.7 11.8 11.9 12. 12.1 12.2 12.3 12.4 12.5 12.6 12.7 13. 13.1 13.2 13.3 13.4 13.5 13.6 14. 15. 16. 16.1 17. 18. 18.1 18.2 19. 20.
KEY MANAGEMENT STAFF ........................................................................................................................... 100 DUTIES AND OBLIGATIONS .......................................................................................................................... 100 RETIREMENT, REMOVAL AND REPLACEMENT ............................................................................................. 101 POWER OF TRUSTEE TO REMOVE OR REPLACE THE MANAGER................................................................... 101 STATEMENT OF RESPONSIBILITY ................................................................................................................. 101 DISCLOSURE OF CURRENT MATERIAL LITIGATION AND ARBITRATION ........................................................ 101 SALIENT TERMS OF THE DEED .............................................................................................................. 102 RIGHTS AND LIABILITIES OF UNITHOLDERS.................................................................................................. 102 MAXIMUM FEES AND CHARGES PERMITTED BY THE DEED ......................................................................... 104 INCREASE IN FEES AND CHARGES FROM THE LEVEL DISCLOSED IN THE PROSPECTUS AND THE MAXIMUM RATE PROVIDED IN THE DEED............................................................................................................... ...... 106 PERMITTED EXPENSES PAYABLE OUT OF THE FUNDS' PROPERTY................................................................ 107 REMOVAL, RETIREMENT AND REPLACEMENT OF THE MANAGER AND THE TRUSTEE............................... 112 TERMINATION OF THE FUND...................................................................................................................... 112 UNITHOLDERS' MEETING ............................................................................................................................ 115 RELATED PARTY TRANSACTIONS/CONFLICT OF INTEREST ..................................................................... 119 EXISTING AND POTENTIAL RELATED PARTY TRANSACTIONS ...................................................................... 119 CONFLICT OF INTEREST ............................................................................................................................... 119 POLICIES ON DEALING WITH CONFLICT OF INTEREST SITUATIONS ............................................................ 119 DETAILS OF ASNB'S DIRECTOR'S DIRECT AND INDIRECT INTEREST IN OTHER CORPORATIONS CARRYING ON A SIMILAR BUSINESS.... ............................................................................................................................... .120 DETAILS OF ASNBS SUBSTANTIAL SHAREHOLDERS DIRECT AND INDIRECT INTEREST IN OTHER CORPORATIONS CARRYING ON A SIMILAR BUSINESS ................................................................................. 120 DECLARATION OF CONFLICT OF INTEREST .................................................................................................. 120 TAXATION OF THE FUNDS ................................................................................................................... 121 CONSENTS ............................................................................................................................................ 122 APPROVAL AND CONDITIONS.............................................................................................................. 123 EXEMPTIONS/VARIATIONS FROM THE SC GUIDELINES............................................................................... 123 DOCUMENTS AVAILABLE FOR INSPECTION .......................................................................................... 138 DIRECTORY .......................................................................................................................................... 139 ASNB OFFICES .............................................................................................................................................. 139 CUSTOMER AND AGENT RELATIONS DEPARTMENT .................................................................................... 141 LIST OF AGENTS .................................................................................................................................... 142 APPLICATION FORMS AND LOAN FINANCING RISK DISCLOSURE STATEMENT ...................................... 143
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GLOSSARY OF TERMS/ABBREVIATIONS
In this Prospectus, except where the context otherwise requires, the following words and expressions shall bear the following meanings: Act The Capital Markets and Services Act, 2007, including all amendments thereto and all regulations, rules and guidelines issued in connection therewith Amanah Mutual Berhad (195414-U) Sekim Amanah Saham Nasional Amanah Saham Nasional 2 Amanah Saham Nasional 3 Imbang Amanah Saham Gemilang, the umbrella fund for Amanah Saham Pendidikan, Amanah Saham Kesihatan and Amanah Saham Persaraan Amanah Saham Pendidikan Amanah Saham Kesihatan Amanah Saham Persaraan Skim Amanah Saham Bumiputera Amanah Saham Wawasan 2020 Amanah Saham Malaysia Amanah Saham Didik Amanah Saham 1Malaysia Amanah Saham Nasional Berhad (47457-V) Bursa Malaysia Securities Berhad (635998-W) A day on which the Bursa Malaysia is open for dealings For each of the Funds, the respective Principal Deed and Supplementary Deeds particularly: In respect of ASN, the Deed dated 14 April 1981, made between the Manager, the Trustee and the Unitholders, together with the Supplementary Deeds dated 30 December 1981, 15 November 1990, 30 December 1991, 10 July 1993, 1 November 1997, 13 February 2004, 17 November 2006, 18 May 2007, 28 May 2008, 10 July 2008, 10 June 2010 and 31 May 2011 In respect of ASN 2, the Deed dated 8 June 1999, made between the Manager, the Trustee and the Unitholders, together with the Supplementary Deeds dated 23 November 2000, 13 February 2004, 17 November 2006, 28 May 2008, 10 July 2008 10 June 2010 and 31 May 2011
AMB ASN ASN 2 ASN 3 ASG
ASG-Pendidikan ASG-Kesihatan ASG-Persaraan ASB ASW 2020 ASM ASD AS 1Malaysia ASNB Bursa Malaysia Business Day Deed
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In respect of ASN 3, the Deed dated 24 September 2001, made between the Manager the Trustee, and the Unitholders, together with the Supplementary Deeds dated 17 November 2006, 28 May 2008, 10 July 2008, 10 June 2010 and 31 May 2011 In respect of ASG, the Deed dated 11 March 2003, between the Manager, the Trustee and the Unitholders, together with the Supplementary Deeds dated 17 November 2006, 28 May 2008, 10 July 2008, 10 June 2010 and 31 May 2011 In respect of ASB, the Deed dated 21 October 1989, made between the Manager, the Trustee and the Unitholders, together with the Supplementary Deeds dated 18 December 1993, 1 November 1997, 23 November 2000, 13 February 2004, 17 November 2006, 28 May 2008, 10 July 2008, 29 October 2008, 10 June 2010 and 31 May 2011 In respect of ASW 2020, the Deed dated 14 August 1996, made between the Manager, the Trustee and the Unitholders, together with the Supplementary Deeds dated 13 February 2004, 3 December 2004, 11 August 2006, 17 November 2006, 28 May 2008, 10 July 2008, 10 June 2010 and 31 May 2011 In respect of ASM, the Deed dated 13 April 2000, made between the Manager, the Trustee and the Unitholders, together with the Supplementary Deeds dated 13 February 2004, 17 November 2006, 28 May 2008, 10 July 2008, 10 June 2010 and 31 May 2011 In respect of ASD, the Deed dated 14 April 2001, made between the Manager, the Trustee and the Unitholders, together with the Supplementary Deeds dated 13 February 2004, 17 November 2006, 28 May 2008, 10 July 2008, 10 June 2010 and 31 May 2011 In respect of AS 1Malaysia, the Deed dated 25 June 2009, made between the Manager and the Trustee for the benefit of the Unitholders, together with the Supplementary Deeds dated 10 June 2010 and 31 May 2011 Eligible Market Any market, such as the stock market, futures market, money market and over-thecounter private debt securities market, as agreed in writing from time to time by the Manager and Trustee, which falls within the definition of an eligible market as defined in the Guidelines Employees Provident Fund Board, established under the Employees Provident Fund Act, 1991 Part of a Unitholders contribution in the EPF which may be invested in ASN 2, ASD, ASN 3, ASG, ASW 2020 and AS 1Malaysia subject to the rules and regulations of the EPF FTSE Bursa Malaysia Top 100 Index Financial Reporting Standards, as issued and approved by the Malaysian Accounting Standards Board and amended from time to time Guidelines on Unit Trust Funds of the Securities Commission Malaysia Kuala Lumpur Interbank Offered Rates
EPF
EPF Members Investment Scheme FBM 100 FRS
Guidelines KLIBOR
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LPD
31 May 2011, being the latest practicable date for the purposes of ascertaining the information contained in this Prospectus Manager of ASN, ASN 2, ASN 3, ASG-Pendidikan, ASG-Kesihatan, ASG-Persaraan, ASB, ASW 2020, ASM, ASD and AS 1Malaysia namely ASNB
Manager/ Management Company
Management Expense Ratio (MER)
For ASN, ASN 2, ASN 3, ASG-Pendidikan, ASG-Kesihatan and ASG-Persaraan, the ratio of the sum of fees and recovered expenses of the respective Fund to the average Net Asset Value of the Fund that is calculated on daily basis For ASB, ASW 2020, ASM, ASD and AS 1Malaysia, the ratio of the sum of fees and recovered expenses of the respective Fund to the average Value of the Fund at cost that is calculated on daily basis
MARC MGS Minimum Initial Investment Net Asset Value (NAV) NAV per unit PHNB PNB
Malaysian Rating Corporation Berhad (364803-V) Malaysian Government Securities The minimum number of units that an eligible investor shall purchase as an initial investment in the Fund The NAV is determined by deducting the value of the Funds liabilities from the value of the Funds assets, at the Valuation Point The NAV of the Fund divided by the UIC Pelaburan Hartanah Nasional Berhad (175967-W) Permodalan Nasional Berhad (38218-X), the holding company of ASNB, and the Investment Manager of ASN, ASN 2, ASN 3, ASG-Pendidikan, ASG-Kesihatan, ASG-Persaraan, ASB, ASW 2020, ASM, ASD and AS 1Malaysia For ASN, ASN 2, ASN 3, ASG-Pendidikan, ASG-Kesihatan and ASG-Persaraan, the ratio of the average total acquisitions and disposals of the Fund for the year to the average Net Asset Value of the Fund that is calculated on daily basis ASB, ASW 2020, ASM, ASD and AS 1Malaysia the ratio of the average total acquisitions and disposals of the Fund for the year to the average Value of the Fund at cost that is calculated on daily basis
Portfolio Turnover Ratio (PTR)
RAM RM and sen SC
RAM Holdings Berhad (208095-U) The currency of Malaysia The Securities Commission established under the Securities Commission Act 1993, Securities Commission Malaysia AmanahRaya Trustees Berhad (766894-T) Units in circulation ASN, or ASN 2, or ASN 3, or ASG-Pendidikan, or ASG-Kesihatan, or ASG-Persaraan or ASB, or ASW 2020, or ASM, or ASD, or AS 1Malaysia, as the case may be
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Trustee UIC Unit Trust Fund/Fund
3
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Unit Trusts/ Unit Trust Funds/ Funds Unitholder/ Registered Holder Valuation Point Value of the Fund (VOF)
All or any of ASN, ASN 2, ASN 3, ASG-Pendidikan, ASG-Kesihatan, ASG-Persaraan, ASB, ASW 2020, ASM, ASD and AS 1Malaysia
The person registered for the time being as a holder of units in any Fund in accordance with the provisions of the respective Deed
Valuation is done at mid-day and at the end of each Business Day For ASB, ASW 2020, ASM, ASD and AS 1Malaysia, the VOF is determined by deducting the value of the Funds liabilities from the value of the Funds assets at cost
Definitions or meanings of words not otherwise expressed above shall follow the meaning or interpretation as ascribed in the Guidelines and any other relevant laws governing unit trust funds.
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2.
CORPORATE DIRECTORY
Board of Directors of PNB (Investment Manager of the Funds) 1. Tun Ahmad Sarji bin Abdul Hamid Chairman (Non-Executive/Non-Independent Director) 2. Tan Sri Dato Sri Hamad Kama Piah bin Che Othman Director (Executive/Non-Independent Director) 3. Tan Sri Asmat bin Kamaludin Director (Non-Executive/Independent Director) 4. Tan Sri Datuk Amar Bujang bin Mohammed Bujang Mohammed Nor Director (Non-Executive/Independent Director) 5. Tan Sri Dato Dr. Wan Mohd. Zahid bin Mohd. Noordin Director (Non-Executive/Independent Director) 6. Tan Sri Ainum binti Mohamed Saaid Director (Non-Executive/Independent Director) Members of Investment Committee of ASB, ASM, ASD, AS 1Malaysia, ASN, ASN 2, ASN 3, ASG-Pendidikan, ASG-Kesihatan and ASG-Persaraan 1. 2. 3. 4. Tun Ahmad Sarji bin Abdul Hamid Chairman (Non-Independent Member) Tan Sri Dato Sri Hamad Kama Piah bin Che Othman (Non-Independent Member) Tan Sri Dato Md. Desa bin Pachi (Independent Member) Dato Dr. Abdul Halim bin Ismail (Independent Member)
Manager/ Management Company ASNB (47457-V) Registered Office of ASNB 4th Floor, Balai PNB 201-A, Jalan Tun Razak 50400 Kuala Lumpur Tel: 03-2050 5100 Business Office ASNB Main Counter First Floor, Balai PNB 201-A, Jalan Tun Razak 50400 Kuala Lumpur Tel: 03-2050 5100 Website: www.asnb.com.my Trustee AmanahRaya Trustees Berhad (766894-T) Registered Office Tingkat 11, Wisma AmanahRaya No. 2, Jalan Ampang 50508 Kuala Lumpur Tel : 03-2055 7388 Business Office AmanahRaya Trustees Berhad (766894-T) Tingkat 2, Wisma TAS No. 21, Jalan Melaka 50100 Kuala Lumpur Tel : 03-2036 5000 Website: www.amanahraya.com.my Board of Directors of ASNB 1. 2. 3. 4. 5. 6. Tun Ahmad Sarji bin Abdul Hamid Chairman (Non-Executive/Non-Independent Director) Tan Sri Dato Sri Hamad Kama Piah bin Che Othman Director (Executive/Non-Independent Director) Tan Sri Dato Dr. Wan Mohd. Zahid bin Mohd. Noordin Director (Non-Executive/Independent Director) Tan Sri Dato Md. Desa bin Pachi Director (Non-Executive/Independent Director) Tan Sri Ainum binti Mohamed Saaid Director (Non-Executive/Independent Director) Dato Idris bin Kechot Director (Executive/Non-Independent Director)
Members of Investment Committee of ASW 2020 1. 2. 3. Dato Dr. Abdul Halim bin Ismail Chairman (Independent Member) Tan Sri Faizah binti Mohd Tahir (Independent Member) Encik Sreesanthan a/l Eliathamby (Independent Member)
Audit Committee of the Board of Directors of PNB 1. 2. 3. Tan Sri Dato Dr. Wan Mohd. Zahid bin Mohd. Noordin Chairman (Independent Member) Tan Sri Dato Md. Desa bin Pachi (Independent Member) Tan Sri Datuk Amar Bujang bin Mohammed Bujang Mohammed Nor (Independent Member)
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Solicitors 1.
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Compliance Committee of the Board of Directors of PNB 1. 2. 3. 4. Tan Sri Dato Dr. Wan Mohd. Zahid bin Mohd. Noordin Chairman (Independent Member) Tan Sri Dato Sri Hamad Kama Piah bin Che Othman (Non-Independent Member) Tan Sri Dato Md. Desa bin Pachi (Independent Member) Encik Paisol bin Ahmad (Non-Independent Member )
Messrs. Zain & Co. 6th & 7th Floors, Menara Etiqa 23, Jalan Melaka 50100 Kuala Lumpur Tel: 03-2698 6255 Messrs. Zainal Abidin & Co. Suite 1803 - 1806, 18th Floor, Plaza Permata Jalan Kampar Off Jalan Tun Razak 50400 Kuala Lumpur Tel: 03-4041 5266
2.
President and Group Chief Executive, PNB Tan Sri Dato Sri Hamad Kama Piah bin Che Othman Deputy President - Unit Trust/ Executive Director of ASNB Dato Idris bin Kechot Company Secretary Puan Adibah Khairiah binti Ismail @ Daud (MIA 13755) 4th Floor, Balai PNB 201-A, Jalan Tun Razak 50400 Kuala Lumpur Tel: 03-2050 5100 Investment Manager of the Funds Permodalan Nasional Berhad (38218-X) 4th Floor, Balai PNB 201-A, Jalan Tun Razak 50400 Kuala Lumpur Tel: 03-2050 5100 Website: www.pnb.com.my Auditors Messrs. Hanafiah Raslan & Mohamad (AF 0002) Level 23A, Menara Milenium Jalan Damanlela, Pusat Bandar Damansara 50490 Kuala Lumpur Tel: 03-7495 8000 ASNB Offices and Agents Please refer to Sections 18 and 19 for further details FEDERATION OF INVESTMENT MANAGERS MALAYSIA (FiMM) 19-07-03, 7th Floor PNB Damansara 19, Lorong Dungun Damansara Heights 50490 Kuala Lumpur Tel: 03-2093 2600 Website: www.fimm.com.my 3.
Messrs. Hamzah & Ong Advocates Lot 216, Tingkat 1 Jalan Haji Taha 93400 Kuching Sarawak Tel: 082-246 876 Messrs. Marzuki Spawi & Co. st Suite 12, 1 Floor Likas Square Commercial Centre 1 Jalan Istiadat, Likas P.O Box 14795 88855, Kota Kinabalu Sabah Tel: 088 -246 142 / 088-234 937
4.
Principal Bankers 1. Malayan Banking Berhad (3813-K). 14th Floor, Menara Maybank 100, Jalan Tun Perak 50050 Kuala Lumpur Tel: 03-2070 8833 2. CIMB Bank Berhad (13491-P) 5th Floor, Bangunan CIMB Jalan Semantan, Damansara Heights 50490 Kuala Lumpur Tel: 03-2093 0379
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KEY DATA
Investors are advised that this section is only a summary of the salient information about the Funds. Investors should read and understand the whole Prospectus, before making any investment decisions.
3.1
ASN
ASN Equity/Growth 20 April 1981 The Fund seeks to generate reasonable level of distribution income and capital appreciation to the Unitholders through a diversified portfolio of investments. The Fund will diversify its portfolio through asset allocation in equities, fixed income securities and money market instruments and diversify its equity portfolio through sectoral allocation in order to minimise the volatility of the portfolio and generate competitive returns in the long run. The Fund will invest up to 90% of its NAV in equities, while maintaining at least 10% in other capital market instruments, inclusive of liquid assets. 80% FBM 100 and 20% 3-month KLIBOR Market risk Stock-specific risk Credit risk/default risk Have a medium to long-term investment horizon. Understand investment risk and reward. Seek capital growth The Fund will distribute earnings from its income, if any, to you, at our discretion, subject to approval from the Trustee. 2.5 billion units. 1.52 billion units NAV per unit which is determined based on historical pricing is calculated at the end of the preceding Business Day. However, sales charge of 5% of the NAV per unit is imposed, at our discretion, subject to approval from the Trustee. 31 December The Deed dated 14 April 1981, made between the Manager, the Trustee and the Unitholders, together with the Supplementary Deeds dated 30 December 1981, 15 November 1990, 30 December 1991, 10 July 1993, 1 November 1997, 13 February 2004, 17 November 2006, 18 May 2007, 28 May 2008, 10 July 2008, 10 June 2010 and 31 May 2011. Malaysian Bumiputera aged 18 years and above. Others as specified by the Deed. Nil. 83 73-74 26 29 Page
Fund Name Fund Category/Type Date of Launching Investment Objective Principal Investment Strategy
Asset Allocation Performance Benchmark Principal Risks of Investing Investors Profile
29 28 23-25
Distribution Policy
Approved Fund Size UIC as at LPD Pricing
Financial Year End Deed
Eligibility Fund Allocation
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3.2
ASN 2
ASN 2 Equity/Growth 9 June 1999 To provide Unitholders with a reasonable dividend yield as well as capital appreciation at an acceptable level of risk through investments made in accordance with the Deed, the Guidelines and securities law in a diversified portfolio of securities, principally in Malaysian equity securities. The Fund will diversify its portfolio through asset allocation in equities, fixed income securities and money market instruments and diversify its equity portfolio through sectoral allocation in order to minimise the volatility of the portfolio and generate competitive returns in the long run. The Fund will invest up to 90% of its NAV in equities, while maintaining at least 10% in other capital market instruments, inclusive of liquid assets. 80% FBM 100 and 20% 3-month KLIBOR Market risk Stock-specific risk Credit risk/default risk Have a medium to long-term investment horizon. Understand investment risk and reward. Seek capital growth. The Fund will distribute earnings from its income, if any, to you, at our discretion, subject to approval from the Trustee. 2.5 billion units. 196.93 million units NAV per unit which is determined based on historical pricing is calculated at the end of the preceding Business Day. However, sales charge of 5% of the NAV per unit is imposed, at our discretion, subject to approval from the Trustee. 30 June The Deed dated 8 June 1999, made between the Manager, the Trustee and the Unitholders, together with the Supplementary Deeds dated 23 November 2000, 13 February 2004, 17 November 2006, 28 May 2008, 10 July 2008, 10 June 2010 and 31 May 2011 Malaysian Bumiputera aged 18 years and above. Others as specified by the Deed. Nil. 83 73-74 26 Page
Fund Name Fund Category/Type Date of Launching Investment Objective
Principal Investment Strategy
31
Asset Allocation
31 28 23-25
Performance Benchmark Principal Risks of Investing Investors Profile
Distribution Policy
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3.3
ASN 3
ASN 3 Equity and other capital market instruments/Balanced 16 October 2001 To generate capital growth over the medium to long-term period by investing in a balanced portfolio of investments and through re-investment of distribution, if any. The Fund will diversify its portfolio through asset allocation in equities, fixed income securities and money market instruments and diversify its equity portfolio through sectoral allocation in order to minimise the volatility of the portfolio and generate competitive returns in the long run. The Fund will invest up to 75% of its NAV in equities while maintaining at least 25% in other capital market instruments, inclusive of liquid assets. 50% FBM 100 and 50% 3-month KLIBOR Market risk Stock specific risk Credit risk/default risk Have a medium to long-term investment horizon. Understand investment risk and reward. Seek balanced growth. The Fund will distribute earnings from its income, if any, to you, at our discretion, subject to approval from the Trustee. 1.0 billion units. 124.30 million units NAV per unit which is determined based on historical pricing is calculated at the end of the preceding Business Day. However, sales charge of 5% of the NAV per unit is imposed, at our discretion, subject to approval from the Trustee. 30 November The Deed dated 24 September 2001, made between the Manager the Trustee, and the Unitholders, together with the Supplementary Deeds dated 17 November 2006, 28 May 2008, 10 July 2008, 10 June 2010 and 31 May 2011 Malaysians aged 18 years and above. Others as specified by the Deed. Nil. 83 73-74 26 33 Page
Asset Allocation
33
28 23-25
Distribution Policy

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3.4
ASG
ASG - PENDIDIKAN Fixed income securities and other capital market instruments/Growth and Income ASG - KESIHATAN Equity/Growth and Income ASG - PERSARAAN Fixed income securities and other capital market instruments/Growth and Income
Page
Fund Name Fund Category/Type
Date of Launching Investment Objective To provide investment opportunity which generates reasonable long-term growth and returns to meet part or all of the periodic liquidity requirements of the Unitholders and enable them to fulfil the financial planning needs for education of the Unitholders and/or their children and/or charges. The Fund will diversify its portfolio through asset allocation in equities, fixed income securities and money market instruments and diversify its equity portfolio through sectoral allocation in order to minimise the volatility of the portfolio and generate competitive returns in the long run. The Fund will invest between 20% and 70% of its NAV in fixed income securities and cash equivalent, and the remaining in equities and other capital market instruments. 60% FBM 100 and 40% 3-month KLIBOR Market risk Stock specific risk Credit risk/default risk Have a long-term investment horizon. Understand investment risk and reward. Seek capital growth.
17 March 2003
To provide investment opportunity which generates reasonable long-term growth and returns to fulfil part or all of the immediate liquidity requirements to enable the Unitholders and/or their children and/or charges to continuously meet their ongoing medical requirements in the longterm. The Fund will diversify its portfolio through asset allocation in equities, fixed income securities and money market instruments and diversify its equity portfolio through sectoral allocation in order to minimise the volatility of the portfolio and generate competitive returns in the long run. The Fund will invest up to 90% of its NAV in equities, while maintaining at least 10% in other capital market instruments, inclusive of liquid assets. 70% FBM 100 and 30% 3-month KLIBOR
To provide investment opportunity which generates reasonable long-term growth and returns, and a reliable income stream to enable the Unitholders and/or their children and/or charges to meet part or all of their retirement needs.
26
Principal Investment Strategy
The Fund will diversify its portfolio through asset allocation in equities, fixed income securities and money market instruments and diversify its equity portfolio through sectoral allocation in order to minimise the volatility of the portfolio and generate competitive returns in the long run. The Fund will invest between 20% and 80% of its NAV in fixed income securities and cash equivalent, and the remaining in equities and other capital market instruments. 40% FBM 100 and 60% 3-month KLIBOR
33
Asset Allocation
35
Performance Benchmark Principal Risks of Investing
28
2325
Investors Profile
Have a long-term investment horizon. Understand investment risk and reward Seek capital growth.
Have a long-term investment horizon. Understand investment risk and reward. Seek balanced growth.
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3. KEY DATA
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Fund Name
ASG - PENDIDIKAN This Fund would be suitable for: Those who wish to have an avenue to save in a fund specially meant to finance part or all of their expected educational expenses, and/or Those who wish to start long-term saving for each of their children or charges under their guardianship, in a fund specifically meant to finance their expected educational expenses, and/or Those who wish to utilise the proceeds from distribution of income, if any, to finance the insurance premium for education purposes.
ASG - KESIHATAN This Fund would be suitable for: Those who are not insured for medical purposes, and/or Those who wish to have a fund specially meant to finance their expected future medical expenses, and/or Those who have limited cashflow and find it difficult to participate in any medical insurance policy which requires regular and fixed monthly premium payment, and/or Those who wish to start saving for each of their children or charges under their guardianship so that the children would have funds meant to finance their expected future medical expense.
ASG - PERSARAAN This Fund would be suitable for: Those who are selfemployed and wish to have an avenue to save for their retirement, and/or Those who already have retirement benefits but wish to have additional avenue for long-term saving in a fund specifically meant to finance their retirement expenses, and/or Those who wish to start long-term saving for the future retirement of their children or charges under their guardianship.
Distribution Policy Approved Fund Size UIC as at LPD Pricing
The Fund will distribute earnings from its income, if any, to you, at our discretion, subject to approval from the Trustee. Collectively the three unit trust funds under the umbrella of ASG have cumulative maximum size of 1.0 billion units. 45.84 million units 49.12 million units 21.37 million units 7374
NAV per unit which is determined based on historical pricing is calculated at the end of the preceding Business Day. However, sales charge of 5% of the NAV per unit is imposed, at our discretion, subject to approval from the Trustee.
31 March The Deed dated 11 March 2003, between the Manager, the Trustee and the Unitholders, together with the Supplementary Deeds dated 17 November 2006, 28 May 2008, 10 July 2008 and 10 June 2010,10 June 2010 and 31 May 2011 83
Eligibility
Malaysians. - Akaun Dewasa (18 years and above). - Akaun Bijak (18 years and above as guardian for minors age 6 months old and above but below 18 years. Both guardian and minor must be Malaysian). Others as specified by the Deed.
Fund Allocation
Nil.
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3.5
ASB
ASB Equity/Income 2 January 1990 To generate long-term, consistent and competitive returns to the Unitholders whilst ensuring the preservation of capital at minimal risk tolerance level. The Fund will diversify its portfolio through asset allocation in equities, fixed income securities and money market instruments and diversify its equity portfolio through sectoral allocation in order to preserve the value of the capital and generate competitive returns in the long run. The Fund seeks to achieve its objective by investing up to 95% of its VOF in equities, while maintaining at least 5% in other capital market instruments, inclusive of liquid assets. The investment strategy will also be designed to preserve the capital of the Fund in the long-term period while at the same time to seek potential income from its investment. 3-month KLIBOR Market risk Stock specific risk Credit risk/default risk Those who understand investment risk and reward and expect to benefit from longterm growth of the Fund through re-investment of distribution (if any) as well as to receive regular income (if any) on their capital. The Fund will distribute earnings from its income, if any, to you, at our discretion, subject to approval from your Trustee. Unlimited. 91.87 billion units Fixed at RM1.00 per unit. 31 December The Deed dated 21 October 1989, made between the Manager, the Trustee and the Unitholders, together with the Supplementary Deeds dated 18 December 1993, 1 November 1997, 23 November 2000, 13 February 2004, 17 November 2006, 28 May 2008, 10 July 2008, 29 October 2008, 10 June 2010 and 31 May 2011 Malaysian Bumiputera. - Akaun Dewasa (18 years and above). - Akaun Remaja (18 years and above as guardian for minors age 12 years old and above but below 18 years. Both guardian and minor must be Malaysian Bumiputera). Others as specified by the Deed. Nil. 83 74 26 Page
Asset Allocation
37
28 23-25
Distribution Policy
Approved Fund Size UIC as at LPD Pricing Financial Year End Deed
Eligibility
Fund Allocation

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3.6
ASW 2020
ASW 2020 Equity/Income 28 August 1996 To provide a reasonable level of regular distribution income to Unitholders from investments in a selected portfolio of authorised investments. The Fund will diversify its portfolio through asset allocation in equities, fixed income securities and money market instruments and diversify its equity portfolio through sectoral allocation in order to preserve the value of the capital and generate competitive returns in the long run. The Fund seeks to achieve its objective by investing up to 95% of its VOF in equities, while maintaining at least 5% in other capital market instruments, inclusive of liquid assets. The investment strategy will also be designed to preserve the capital of the Fund in the long-term period while at the same time to seek potential income from its investment. 3-month KLIBOR Market risk Stock specific risk Credit risk/default risk Those who understand investment risk and reward and expect to benefit from longterm growth of the Fund through re-investment of distribution (if any) as well as to receive regular income (if any) on their capital. The Fund will distribute earnings from its income, if any, to you, at our discretion, subject to approval from your Trustee. 14.5 billion units. 13.94 billion units Fixed at RM1.00 per unit. 31 August The Deed dated 14 August 1996, made between the Manager, the Trustee and the Unitholders, together with the Supplementary Deeds dated 13 February 2004, 3 December 2004, 11 August 2006, 17 November 2006, 28 May 2008, 10 July 2008, 10 June 2010 and 31 May 2011 83 74 27 39 Page
Asset Allocation
39
28 23-25
Distribution Policy Approved Fund Size UIC as at LPD Pricing Financial Year End Deed
Eligibility
Malaysians. - Akaun Dewasa (18 years and above). - Akaun Remaja (18 years and above as guardian for minors age 6 months old and above but below 18 years. Both guardian and minor must be Malaysian). Others as specified by the Deed.
Fund Allocation
Minimum of 51% of the approved Fund size is for eligible Malaysian Bumiputera, while the remaining 49% is for eligible Malaysians.
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3.7
ASM
ASM Equity/Income 20 April 2000 To provide Unitholders with a long-term investment opportunity that generates regular and competitive returns through a diversified portfolio of investments. The Fund will diversify its portfolio through asset allocation in equities, fixed income securities and money market instruments and diversify its equity portfolio through sectoral allocation in order to preserve the value of the capital and generate competitive returns in the long run. The Fund seeks to achieve its objective by investing up to 95% of its VOF in equities, while maintaining at least 5% in other capital market instruments, inclusive of liquid assets. The investment strategy will also be designed to preserve the capital of the Fund in the long-term period while at the same time to seek potential income from its investment. 3-month KLIBOR Market risk Stock specific risk Credit risk/default risk Those who understand investment risk and reward and expect to benefit from longterm growth of the Fund through re-investment of distribution (if any) as well as to receive regular income (if any) on their capital. The Fund will distribute earnings from its income, if any, to you, at our discretion, subject to approval from the Trustee. 13.0 billion units. 12.61 billion units Fixed at RM1.00 per unit. 31 March The Deed dated 13 April 2000, made between the Manager, the Trustee and the Unitholders, together with the Supplementary Deeds dated 13 February 2004, 17 November 2006, 28 May 2008, 10 July 2008, 10 June 2010 and 31 May 2011 83 74 27 41 Page
Asset Allocation
41
28 23-25
Distribution Policy
Eligibility
Malaysians. - Akaun Dewasa (18 years and above). - Akaun Bijak (18 years and above as guardian for minors age 6 months old and above but below 18 years. Both guardian and minor must be Malaysian). Others as specified by the Deed.
Fund Allocation
Nil.

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3.8
ASD
ASD Equity/Growth 20 April 2001 To provide investment opportunity that generates reasonable long-term growth and return. The Fund will diversify its portfolio through asset allocation in equities, fixed income securities and money market instruments and diversify its equity portfolio through sectoral allocation in order to preserve the value of the capital and generate competitive returns in the long run. The Fund seeks to achieve its objective by investing up to 95% of its VOF in equities, while maintaining at least 5% in other capital market instruments, inclusive of liquid assets. The investment strategy will also be designed to preserve the capital of the Fund in the long-term period while at the same time to seek potential income from its investment. 3-month KLIBOR Market risk Stock specific risk Credit risk/default risk Those who understand investment risk and reward and are seeking growth of capital over the long-term period through re-investment of distribution (if any), for providing future financial needs for education expenses of the investors and those of their families. The Fund will distribute earnings from its income, if any, to you, at our discretion, subject to approval from the Trustee. 4.5 billion units. 3.99 billion units Fixed at RM1.00 per unit. 30 June The Deed dated 14 April 2001, made between the Manager, the Trustee and the Unitholders, together with the Supplementary Deeds dated 13 February 2004, 17 November 2006, 28 May 2008, 10 July 2008, 10 June 2010 and 31 May 2011 83 74 27 43 Page
Asset Allocation
43
28 23-25
Distribution Policy
Eligibility
Malaysian Bumiputera. - Akaun Dewasa (18 years and above). - Akaun Bijak (18 years and above as guardian for minors age 6 months old and above but below 18 years. Both guardian and minor must be Malaysian Bumiputera). Others as specified by the Deed.
Fund Allocation
Nil.

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3.9
AS 1MALAYSIA
AS 1MALAYSIA Equity/Income 5 August 2009 The Fund seeks to provide regular and consistent income stream whilst preserving the Unitholders investment capital over a long term horizon through a diversified portfolio of investment. The Fund will invest in a mix of assets comprising primarily in equities, fixed income securities and other capital market instruments to generate the expected competitive returns at reasonable risk level. The Fund seeks to achieve its objective by investing up to 90% of its VOF in equities, while maintaining at least 10% in other capital market instruments, inclusive of liquid assets.The investment strategy will also be designed to preserve the capital of the Fund in the long-term period while at the same time to seek potential income from its investment. Average 5-year MGS yield Market risk Credit Risk/Default Risk Currency Risk Individual Asset Risk Investors who: Have a medium to long-term investment horizon. Understand investment risk and reward. Seek regular income (if any) for their investments. The Fund will distribute its income, if any, to you, at our discretion, subject to approval from the Trustee. 10 billion units. 5.09 billion units Fixed at RM1.00 per unit. 30 September The Deed dated 25 June 2009, made between the Manager and the Trustee for the benefits of Unitholders, together with the Supplementary Deeds dated 10 June 2010 and 31 May 2011. Malaysians aged 18 years and above. Others as specified by the Deed. The Manager has the absolute discretion to offer the units in any manner deemed appropriate. 83 74 27 Page
Fund Name Fund Category/Type Date of Launching Investment Objective Principal Investment Strategy Asset Allocation
45
45
Performance Benchmark Principal Risks of Investing
28 23-25
Investors Profile
Distribution Policy Approved Fund Size UIC as at LPD Pricing Financial Year End Deed
Eligibility
Fund Allocation
| 3. KEY DATA www.asnb.com.my 3. KEY DATA

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3.10
FEES & CHARGES VARIABLE PRICE (ASN, ASN 2, ASN 3 AND ASG)
You must understand that there are fees and charges that are directly and indirectly charged to you before investing in the Funds. All charges are non-negotiable. This table describes the charges that you may DIRECTLY incur when you buy or redeem units of the Funds. Charges Sales Charge
1
ASN 5% of NAV per unit Not applicable Nil Nil Not applicable
ASN 2
ASN 3
ASGPendidikan
ASGKesihatan
ASGPersaraan
EPF Service 2 Charge Redemption Charge Switching Fee Transfer Fee
5% of NAV per unit. EPF Members Investment Scheme: Up to 3% of NAV per unit. Average net asset value of the Fund, calculated on monthly basis x 0.125% x 1/12, deducted from distribution of income, if any, at the end of financial year. Nil Nil Nil Nil Nil Not Not Nil Nil Nil applicable applicable Not Not Not Not Not applicable applicable applicable applicable applicable
This table describes the fees that you may INDIRECTLY incur when you invest in the Funds. Fees Annual Management Fee ASN ASN 2 ASN 3 ASGASGASGPendidikan Kesihatan Persaraan Up to a maximum of 1.5% per annum of the NAV of the Fund, calculated and accrued daily, as may be agreed between the Trustee and Manager.
Annual Trustee's Fee
Up to a maximum of 1.0% per annum of the NAV of the Fund, calculated and accrued daily, as may be agreed between the Trustee and Manager. RM500,000 or 0.08% per annum of the NAV of the Fund, whichever is lower, calculated and accrued daily.
Fund Expenses
RM300,000 RM450,000 or 0.07% per annum of the NAV of or 0.08% per the Fund, whichever is lower, calculated and annum of accrued daily. the NAV of the Fund, whichever is lower, calculated and accrued daily. These include the annual management fee, the annual Trustees fee, the auditors remuneration and other relevant professional fees, costs, charges and expenses in the printing and distribution of annual reports and notices, as well as expenses which are directly related to and necessary for the business of the respective Fund as set out in the Deed of the Fund, will be paid out of the Fund.
Note: 1. The Deed of each Fund allows us to charge a sales charge of up to a maximum of 10% of the NAV per unit of each Fund.
2.
In the event that any of these Funds is unable to distribute its income, the EPF Service Charge will be deducted from the account of the affected Unitholder. Please refer to Section 8.1 under Service Charge Payable to EPF for further details.
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3.11
FEES & CHARGES FIXED PRICE (ASB, ASW 2020, ASM, ASD AND AS 1MALAYSIA)
This table describes the charges that you may DIRECTLY incur when you buy or redeem units of the Funds.
Charges Sales Charge ASB Nil ASW 2020 Nil ASM Nil ASD Nil AS 1Malaysia Up to 1.0% of the invested amount. However, the Manager has the discretion either to waive or to reduce the sales charge. Average NAV of the Fund, calculated on monthly basis x 0.125% x 1/12, deducted from distribution of income, if any, at the end of financial year3. Nil Not Applicable Not Applicable
EPF Service Charge
Not Applicable
Average NAV of the Fund, calculated on monthly basis x 0.125% x 1/12, deducted from distribution of income, if any, at the end of financial year. Nil Not Applicable Not Applicable
Not Applicable
Average NAV of the Fund, calculated on monthly basis x 0.125% x 1/12, deducted from distribution of income, if any, at the end of financial year. Nil Not Applicable Not Applicable
Redemption Charge Switching Fee Transfer Fee
Nil Nil Not Applicable
Nil Not Applicable Not Applicable
Note: 3. The effective date for investment in AS 1Malaysia through the EPF Members Investment Scheme will be 25 July 2011.
This table describes the fees that you may INDIRECTLY incur when you invest in the Funds.
Fees Annual Management Fee Annual Trustee's Fee ASB ASW 2020 ASM ASD AS 1Malaysia Up to a maximum of 1.0% per annum of the Up to a maximum of 1.5% per annum of the VOF calculated and accrued daily, as may be VOF, calculated and accrued daily, as may be agreed between the Trustee and Manager. agreed between the Trustee and Manager. RM500,000 RM500,000 RM300,000 or 0.08% per annum Up to 0.08% per annum of of the VOF, whichever is lower. the VOF, subject to minimum of RM18,000 per annum. These include the annual management fee, the annual Trustees fee, the auditors remuneration and other relevant professional fees, costs, charges and expenses in the printing and distribution of annual reports and notices, as well as expenses which are directly related to and necessary for the business of the respective Funds as set out in the Deeds of the respective Funds, will be paid out of the respective Funds. Statutory payments such as stamp duties and taxes imposed by the authority will also be paid by the Fund.
Fund Expenses
For details on Fees, Charges and Expenses of the Funds, you may refer to Chapter 8: Fees, Charges and Expenses commencing on page 69. There are fees and charges involved and investors are advised to consider them before investing in the Funds. Unit prices and distributions payable, if any, may go down as well as up. Past performance of the Fund is not an indication of its future performance. For information concerning certain risk factors which should be considered by prospective investors, see RISK FACTORS commencing on page 23.

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3.12
TRANSACTION INFORMATION
Minimum Initial 4 Investment Investment Book
Table 1: Investment/Subscription of Units

Minimum Additional Investment Investment Book Certificate 5 EPF Members Investment 6 Scheme Not applicable RM1,000 RM1,000 RM1,000 RM1,000 RM1,000 Unlimited, subject to the cumulative maximum size of 1.0 billion units and availability of units. Maximum Investment
Funds
Variable Price ASN ASN 2 ASN 3 ASGPENDIDIKAN ASGKESIHATAN ASGPERSARAAN Fixed Price ASB 10 units 1 unit Multiples of 1,000 units Not applicable Akaun Dewasa 200,000 units. The maximum investment may exceed 200,000 units due to reinvestment of distribution of income, if any. Akaun Remaja 10,000 units. The maximum investment may exceed 10,000 units due to reinvestment of distribution of income, if any. ASW 2020 ASM ASD AS 1Malaysia 100 units 100 units 100 units 100 units 1 unit 1 unit 1 unit 1 unit Not applicable 7 Not applicable Not applicable Not applicable RM1,000 Not applicable RM1,000 RM1,000 6 Unlimited, subject to availability of units of the Fund. 10 units 100 units 100 units 100 units 100 units 100 units 1 unit 100 units 1 unit 1 unit 1 unit 1 unit Multiples of 1,000 units Not applicable Not applicable Not applicable Not applicable Not applicable Unlimited, subject to availability of units of the Fund.
Note: 4. All investors are required to invest the stipulated Minimum Initial Investment in the Investment Book prior to investing through certificate or EPF Members Investment Schemes. 5. 6. The certificate issued to Unitholders would be a physical certificate or such other form as agreed by the Manager and Trustee from time to time. Investment in ASW 2020, ASN 2, ASD, ASN 3, ASG-Pendidikan, ASG-Kesihatan, ASG-Persaraan and AS 1Malaysia through the EPF Members Investment Scheme will be reflected in a statement, subject to the rules and regulations of the EPF and the availability of units of the Funds. The effective date for investment in AS 1Malaysia through the EPF Members Investment Scheme will be 25 July 2011. No physical certificates will be issued in respect of purchases of ASW 2020 units with effect from 30 June 2010. Certificates issued before this date are still valid. From 30 June 2010 all dealings in ASW 2020 units will be evidenced in an investment book to be issued to each unit holder.
7.
Investors are advised not to make payment in cash when purchasing units of the Funds via any institutional/ retail agent.
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19

Table 2: Redemption Amount
Funds Minimum Redemption Investment Book
8
2011/2012
2011/2012
Certificate
EPF Members Investment Scheme
Minimum Balance Requirement The following minimum number of units are to be maintained. Otherwise you are advised to request for total redemption
9
Maximum Redemption Investment Book Certificate Unlimited, but in multiples of the following amount
Variable Price ASN ASN 2 ASN 3 ASG- PENDIDIKAN ASG- KESIHATAN ASG- PERSARAAN Fixed Price ASB ASW 2020 1 unit 1 unit 1,000 units Not 10 applicable Not applicable Amount invested on each application plus free units, income distribution and capital appreciation, if any. Not applicable Amount invested on each application plus free units, income distribution and capital appreciation, if 11 any . 10 units 100 units Unlimited, but subject to minimum balance requirement. 1,000 units 1,000 units
10
1 unit 100 units 1 unit 1 unit 1 unit 1 unit
1,000 units Not applicable
Not applicable Amount invested on each application plus free units, income distribution and capital appreciation, if any.
10 units 100 units 100 units
Unlimited, but subject to minimum balance requirement.
1,000 units Not applicable
ASM ASD AS 1Malaysia
1 unit 1 unit 1 unit
Not applicable
100 units 100 units 100 units
Not applicable
Note: 8. The certificate issued to Unitholders would be a physical certificate or such other form as agreed by the Manager and Trustee from time to time. 9. Premised on the Deed we are allowed to close your account, at our discretion, should the balance in your account fall below the minimum balance requirement.
10. No physical certificates will be issued in respect of purchases of ASW 2020 units with effect from 30 June 2010. Certificates issued before this date are still valid. From 30 June 2010, all dealings in ASW 2020 units will be evidenced in an investment book to be issued to each unit holder. 11. The effective date for investment in AS 1Malaysia through the EPF Members Investment Scheme will be 25 July 2011 Investors are advised not to make payment in cash when purchasing units of the Funds via any institutional/ retail agent.
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Table 3: Frequency and Payment of Redemption Funds Frequency of Redemption ASN ASN 2 and ASN 3
ASG- PENDIDIKAN
Payment of Redemption Money On-the-spot. On-the-spot. Redemption amount for EPF Members Investment Scheme, is payable to EPF only.
Unlimited. Unlimited. Unlimited, however you are advised to consider redeeming only when you need the money to pay tuition fees or college expenses for yourselves or your children or charges under your guardianship. Unlimited, however you are advised to consider redeeming only when you need to pay for hospital bills or to cover your medical insurance premium, or those of your children or charges. Unlimited, however you are advised to consider redeeming only when you or your children/charges reach retirement age. Unlimited. Unlimited.
ASG- KESIHATAN
ASG- PERSARAAN
ASB and ASM ASW 2020, ASD and AS 1Malaysia
On-the-spot. On-the-spot. Redemption amount for EPF Members Investment Scheme, is payable to EPF only.
ASNB provides on-the-spot transaction at ASNB offices and appointed agents. Table 4: Salary Deduction Scheme, Standing Instruction, Switching Between Funds, EPF Members Investment Scheme and Distribution Re-Investment Option
Funds Salary Deduction 12 Scheme Standing 13 Instruction Switching 14 Between Funds EPF Members 15 Investment Scheme Distribution Re-Investment 16 Option
ASN ASN 2 ASN 3

ASG- PENDIDIKAN ASG- KESIHATAN ASG- PERSARAAN
ASB ASW 2020 ASM ASD AS 1Malaysia
Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Allowed Allowed Not Applicable Allowed Allowed
Allowed Allowed Allowed Allowed Allowed Allowed Allowed Allowed Allowed Allowed Not Applicable
Allowed Not Applicable Not Applicable Allowed Allowed Allowed Allowed Not Applicable Not Applicable Not Applicable Not Applicable
Not Applicable Allowed Allowed Allowed Allowed Allowed Not Applicable Allowed Not Applicable Allowed 15 Allowed
Allowed Allowed Allowed Allowed Allowed Allowed Allowed Allowed Allowed Allowed Allowed
Subject to availability of the units of the Fund Note: 12. You may invest through monthly Salary Deduction Scheme, provided your employer has registered with us for this facility. The salary deduction facility is subject to our terms and conditions. Presently, we do not impose any charge on this facility subject to availability of the units of the Fund. 13. Investment through standing instruction shall be subject to rules and regulations of the banks that have been appointed as our agents subject to availability of the units of the Fund.
Investors are advised not to make payment in cash when purchasing units of the Fund via any institutional/ retail agent.

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Note: 14. Switching can be made among the three Funds under ASG, namely ASG-Pendidikan, ASG-Kesihatan and ASG-Persaraan, and between ASN and ASB. Switching is a facility provided to you whereby you can redeem your investment in ASN and re-invest in ASB, or vice versa, by filling in the appropriate form. This eliminates the normal process of redemption and re-investment since only one form is involved. There is no limit to the frequency of switching between ASN and ASB. However, switching from ASB to ASN is subject to the sales charge, at the discretion of the Manager. If you have subscribed in any of the Funds under ASG, you may switch between these Funds by filling in the appropriate form. The switching facility in ASG is limited to 4 times in any financial year. 15. Subject to rules and regulations of the EPF Members Investment Scheme. Presently, investment in a Fund will be charged with a service fee that is payable to the EPF on an annual basis. Please refer to Section 8.1 for more information. All investors are required to invest in the stipulated Minimum Initial Investment in the Investment Book prior to investing through the EPF Members Investment Scheme. The effective date for investment in AS 1Malaysia through the EPF Members Investment Scheme will be 25 July 2011. 16. Dividend Re-investment option for Investment Book: Re-invested as additional units in your account, at NAV per unit or at RM1.00 a unit (whichever relevant), subject to availability of the units of the Fund. Dividend Reinvestment option for EPF Members Investment Scheme: Re-invested as additional units, at NAV per unit or at RM1.00 a unit (whichever relevant), to the EPF investment, subject to availability of the units of the Fund. If the units of the Fund are fully subscribed, the distribution amount will be paid to the EPF and to be credited into Account 1 of your EPF Members account. For details on transaction information of the Funds, you may refer to Chapter 9: Transaction Information. Investors are advised not to make payment in cash when purchasing units of the Funds via any institutional/ retail agent.
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3. KEY DATA
asNB MastER PRosPEctUs
2011/2012
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4.
RISK FACTORS
Any investment carries with it an element of risk. Therefore, prior to making an investment, prospective INVESTORS should consider the following risk factors in addition to the other information set out in this prospectus.
4.1
GENERAL RISKS OF INVESTING IN UNIT TRUST FUND 1. Fund Management Risk

The selection of securities which make up the assets of the Funds is a subjective process. Securities selected by the investment manager may perform better or worse than the overall stock market, or as compared to portfolios selected by their competitors. This risk can be managed through an active and frequent trading strategy by professional and experienced fund manager.
2. Liquidity Risk
Liquidity risk refers to the Funds ability to convert an investment into cash without incurring an overly significant loss in value. If a security encounters a liquidity crunch, the security may need to be sold at a discount to the fair market value of the security. This in turn may affect the performance of the Funds or the ability of the Fund to honour requests for redemption by unitholders. The risk can be minimised by actively managing asset allocation of the Fund and maintaining sufficient level of liquid assets to meet anticipated payments and cancellation of units by Unitholders.
3. Inflation/Purchasing Power Risk

A unit trust fund is subject to the risk of an investors investment not growing proportionately to the inflation rate thus decreasing the investors purchasing power even though the investment in monetary terms has increased. The risk can be minimised by investing in securities that can provide a real rate of return that equals or exceed the inflation rate.
4. Loan Financing Risk

The risk occurs when you take a loan provided by a financial institution to finance your purchase of units. Investing in a Fund using borrowed money is more risky than investing using your own money. The inherent risk of investing with borrowed money includes the ability to service loan repayments and the effect of increases in interest rates and your ability to provide additional collateral. The Unit Trust Loan Financing Risk Disclosure Statement Form attached (please refer to page 143) sets out the risks in detail.
| 3. KEY DATA 23 www.asnb.com.my 4. Risk FactoRs 23

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5. Non-Compliance Risk
The operations and administration of the Funds by the Manager are governed by the Deed, all applicable laws and regulations. Non-adherence may potentially affect the performance of Fund. The risk could be minimised by imposing stringent internal controls and ensuring that compliance monitoring are undertaken through regular audit and cross-departmental checking. The risk is mitigated further with the presence of the Trustee who is appointed to oversee the functions of the management of the Funds.
6. Operational Risk
The risk of loss to you arising from inadequacies in, or failures of, our internal procedures and controls for monitoring and quantifying the risks and contractual obligations associated with investments in a Fund. Although the occurrence of such events is very unlikely, the Manager seeks to mitigate the risk through the establishment of systematic operational procedures and stringent internal controls.
4.2
SPECIFIC INVESTMENT RISKS 1. Capital Market Risk

The performance of unit trust funds is subject to fluctuations in the capital market, which includes the stock market and other securities market which may affect the value of investments positively or negatively. The capital market is influenced by certain factors such as changes in the economic climate, movement in interest rates, changes in the political and social environment and the performance of overseas capital markets. The risk is managed through constant monitoring of the asset allocation and to undertake prompt response of any adverse condition to ensure minimum impact. The Funds also will be constructed in a manner that the portfolio is well diversified across securities, asset classes and market sectors.
2. Specific Risk or Stock Risk

Specific risk or stock risk is the portion of risk which is unique to the issuer of the securities. Typically, specific risk can be associated with management errors, shifts in consumer taste, advertising campaigns, lawsuits and competitive industry conditions that may cause the NAV or prices of units to be volatile as well. Therefore, the income produced by the Fund particularly income from sale of investments may also fluctuate. This risk can be managed by the very nature of the Fund that invest in a well diversified portfolio of securities across asset classes and market sectors so that the volatility of the NAV could be minimised. It also can be mitigated through having sound and disciplined valuation methodologies, sufficient margin of safety and adequate diversification.
3. Credit/Default Risk
Credit/default risk refers to the possibility that the issuer of a fixed income security or bond may not be able to make interest payments or repay the principal in a timely manner. This will translate to losses that will reduce the value of a Fund. The credit/default risk is managed by ensuring the Funds will only invest in fixed income instruments which are considered safe for timely payment of financial obligations and have good credit ratings.
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asNB MastER PROSPECTUS 2011/2012 ASNB MASTER PRosPEctUs 2011/2012

4. Currency Risk (if applicable)
Currency risk or foreign exchange risk is a risk associated investments that are in foreign currencies denomination. When foreign currencies fluctuate in an unfavourable movement against the RM, the investment may face currency loss in addition to the capital gains/losses. This may in turn affect the performance of the Funds. The risks could be minimised by diversifying the investments across differing currencies or by hedging the currencies when it is deemed necessary.
Please refer to the specific Fund for details of principal risks on investing in each Fund in Sections 3.1 to 3.9.
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5.
5.1
Funds ASN
INFORMATION ON THE FUNDS

GENERAL INFORMATION ON THE FUNDS OBJECTIVE AND STRATEGY
Investment Objective
17
Asset Allocation Strategy The Fund will invest up to 90% of its NAV in equities, while maintaining at least 10% in other capital market instruments, inclusive of liquid assets. The Fund will invest up to 90% of its NAV in equities, while maintaining at least 10% in other capital market instruments, inclusive of liquid assets.
To generate a reasonable level of distribution income and capital appreciation to the Unitholders through a diversified portfolio of investments. To provide Unitholders with a reasonable dividend yield as well as capital appreciation at an acceptable level of risk through investments made in accordance with the Deed, the Guidelines and securities law in a diversified portfolio of securities, principally in Malaysian equity securities. To generate capital growth over the medium to long-term period by investing in a balanced portfolio of investments and through re-investment of distribution, if any. To provide investment opportunity which generates reasonable long-term growth and returns to meet part or all of the periodic liquidity requirements of the Unitholders and enable them to fulfil the financial planning needs for education of the Unitholders and/or their children and/or charges. To provide investment opportunity which generates reasonable long-term growth and returns to fulfil part or all of the immediate liquidity requirements to enable the Unitholders and/or their children and/or charges to continuously meet their ongoing medical requirements in the long-term. To provide investment opportunity which generates reasonable long-term growth and returns, and a reliable income stream to enable the Unitholders and/or their children and/or charges to meet part or all of their retirement needs. To generate long-term, consistent and competitive returns to the Unitholders whilst ensuring the preservation of capital at minimal risk tolerance level.
ASN 2
ASN 3
The Fund will invest up to 75% of its NAV in equities while maintaining at least 25% in other capital market instruments, inclusive of liquid assets. The Fund will invest between 20% and 70% of its NAV in fixed income securities and cash equivalent, and the remainder in equities and other capital market instruments.
ASGPENDIDIKAN
ASGKESIHATAN
The Fund will invest up to 90% of its NAV in equities, while maintaining at least 10% in other capital market instruments, inclusive of liquid assets.
ASGPERSARAAN
The Fund will invest between 20% and 80% of its NAV in fixed income securities and cash equivalent, and the remainder in equities and other capital market instruments.
ASB
The Fund seeks to achieve its objective by investing up to 95% of its VOF in equities, while maintaining at least 5% in other capital market instruments, inclusive of liquid assets. The investment strategy will also be designed to preserve the capital of the Fund in the long-term period while at the same time to seek potential income from its investment.
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Asset Allocation Strategy
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2011/2012
Funds ASW 2020
Investment Objective
17
To provide reasonable level of regular distribution income to Unitholders from investments in a selected portfolio of authorised investments.
The Fund seeks to achieve its objective by investing up to 95% of its VOF in equities, while maintaining at least 5% in other capital market instruments, inclusive of liquid assets. The investment strategy will also be designed to preserve the capital of the Fund in the long-term period while at the same time to seek potential income from its investment. The Fund seeks to achieve its objective by investing up to 95% of its VOF in equities, while maintaining at least 5% in other capital market instruments, inclusive of liquid assets. The investment strategy will also be designed to preserve the capital of the Fund in the long-term period while at the same time to seek potential income from its investment. The Fund seeks to achieve its objective by investing up to 95% of its VOF in equities, while maintaining at least 5% in other capital market instruments, inclusive of liquid assets. The investment strategy will also be designed to preserve the capital of the Fund in the long-term period while at the same time to seek potential income from its investment. The Fund seeks to achieve its objective by investing up to 90% of its VOF in equities, while maintaining at least 10% in other capital market instruments, inclusive of liquid assets.The investment strategy will also be designed to preserve the capital of the Fund in the long-term period while at the same time to seek potential income from its investment.
ASM
To provide Unitholders with a long-term investment opportunity that generates regular and competitive returns through a diversified portfolio of investments.
ASD
To provide investment opportunity that generates reasonable long-term growth and return.
AS 1Malaysia
To provide regular and consistent income stream whilst preserving the Unitholders investment capital over a long term horizon through a diversified portfolio of investment.
Note: 17. Any material change to the investment objectives of the Funds would require Unitholders approval.
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5.2
Funds
GENERAL INFORMATION ON THE BENCHMARK

Benchmark The performance of these Funds is benchmarked against the performance of other instruments that have similar features with that of the Funds. Being a fixed price Funds, the return to Unitholders of the Funds will mainly be in the form of the Funds income distribution yield. For ASB, ASW 2020, ASM and ASD, the return will be benchmarked against the 3-month KLIBOR which is obtainable at any commercial bank. For AS 1Malaysia the return will be benchmarked against the average of the 5-year MGS yield which can be obtained at Bank Negara Malaysia website and Bloomberg.
ASB, ASW 2020, ASM, ASD and AS 1Malaysia
ASN, ASN2, ASN3, ASG-Pendidikan, ASG-Kesihatan and ASG-Persaraan
The performance of these Funds is expressed in terms of the respective Funds Total Returns, benchmarked against a pre-determined customised benchmark, which is a composition of FBM 100 or any equivalent Bursa Malaysia indices and the 3-month KLIBOR. Both benchmarks are obtainable at Bursa Malaysia and commercial banks respectively.
Funds ASN ASN2 ASN3 ASG-Pendidikan ASG-Kesihatan ASG-Persaraan
Customised Benchmark FBM 100 (%) 80 80 50 60 70 40 3-month KLIBOR (%) 20 20 50 40 30 60

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5.3
ASN
INVESTMENT POLICIES AND PRINCIPAL INVESTMENT STRATEGIES

The investment policy of ASN is to invest in a diversified portfolio of listed securities, primarily on the Bursa Malaysia, unlisted securities, fixed income and money market instruments as well as other capital market instruments such as structured products and derivatives. The Fund may also invest in fixed income securities carrying at least BBB rating by RAM, or any equivalent rating agency. The types of structured products that the Fund may invest include structured products with exposure linked to one or more assets such as equities, interest rates indices or any other underlying assets. For derivatives, the Fund may invest in warrants, options and any other derivatives as approved by the Deed. The Fund may adopt a defensive strategy depending on changes in economic and stock market conditions. The Funds strategy is to diversify among asset classes between equity and other instruments depending on the countrys economic situation, stock market conditions and interest rate movements. The Fund also stresses on diversifying its equity portfolio through sectoral allocation. The strategy is to minimize the volatility of the portfolio and generate competitive returns in the long term. Asset Allocation The Fund will invest up to 90% of its NAV in equities, while maintaining at least 10% in other capital market instruments, inclusive of liquid assets. Permitted Investments The Fund may invest in equities quoted on any recognised stock exchange and any other capital market instruments, deposits at calls, Government securities, bankers acceptances, negotiable certificates of deposit and any other kind of investment as prescribed under the definition of Authorised Investments in the Deed. Sectors/stock selection Sectors are selected by adopting a top-down approach in sectors with growth potential and high returns, whilst a bottom-up approach is applied for selection of investment. Stock selection for listed and unlisted securities will be based on fundamental analysis of the companies, which include among others the financial strength, management capability, prospects of the industry as well as its business cycle. The selection for fixed income securities is based on the interest rate outlook, potential returns, tenor and yields at reasonable level of risks. The Fund may invest in structured products; selection of structured products will only be made after a thorough analysis has been conducted using prevailing analytical tools. The Fund will place particular emphasis on diversity in terms of strategy of the underlying assets for each structured product.
Temporary Defensive Position The Fund may take temporary defensive positions such as reducing exposure in respective permitted investments and increasing the exposure in cash in response to adverse economic and any other market conditions such as changes in interest rate policy.

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RISK MANAGEMENT STRATEGIES
The Funds risks are actively managed through the diversification of the portfolio in terms of asset allocation and sectoral allocation. The risks are minimised through the exposure limit on the sectoral and securities weightings depending on the economic and stock market conditions. The Fund adopts an active trading strategy through portfolio rebalancing depending on the expected risk and return on securities invested and changes in the market.
ASN INVESTMENT RESTRICTIONS AND LIMITS

Investment Exposure/Spread 1. 2. 3. 4. 5. 6. 7. Investments in unlisted securities. Investments in ordinary shares issued by any single issuer. Investments in transferable securities and money market instruments issued by any single issuer. Placement in deposits with any single institution. Over-the-counter (OTC) derivative transaction with any single counter-party. Investments in structured products issued by a single counter-party. Aggregate investments in transferable securities, money market instruments, deposits, OTC derivatives and structured products issued by or placed with any single issuer/ institution. Investments in units/shares of any collective investment scheme. Investments in transferable securities and money market instruments issued by any group of companies. Cash borrowings. Investments in transferable securities (other than debentures). Investments in debentures. Investments in money market instruments. Investments in collective investment schemes. Limits 40% of NAV. 40% of NAV. 40% of NAV. 20% of NAV. 10% of NAV. 15% of NAV. 25% of NAV.
8. 9. 10. 11. 12. 13. 14.
20% of NAV. 40% of NAV. 33.3% of NAV. Limits 40% of securities issued. 40% of securities issued. 40% of instruments issued. 40% of units/shares issued.
Investment Concentration
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5.4 ASN 2

The investment policy of ASN 2 is to invest in a diversified portfolio of listed securities, primarily on the Bursa Malaysia, unlisted securities, fixed income and money market instruments as well as other capital market instruments such as structured products and derivatives. The Fund may also invest in fixed income securities carrying at least BBB rating by RAM, or any equivalent rating agency. The types of structured products that the Fund may invest include the structured product with exposure linked to one or more assets such as equities, interest rates indices or any other underlying assets. For derivatives, the Fund may invest in warrants, options and any other derivatives as approved by the Deed. The Fund may adopt a defensive strategy depending on changes in economic and stock market conditions. The Funds strategy is to diversify among asset classes between equity and other instruments depending on the countrys economic situation, stock market conditions and interest rate movements. The Fund also stresses on diversifying its equity portfolio through sectoral allocation. The strategy is to minimize the volatility of the portfolio and generate competitive returns in the long term. Asset Allocation The Fund will invest up to 90% of its NAV in equities, while maintaining at least 10% in other capital market instruments, inclusive of liquid assets. Permitted Investments The Fund may invest in equities quoted on any recognised stock exchange and any other capital market instruments, deposits at calls, Government securities, bankers acceptances, negotiable certificates of deposit and any other kind of investment as prescribed under the definition of Authorised Investments in the Deed. Sectors/stock selection Sectors are selected by adopting a top-down approach in sectors with growth potential and high returns, whilst a bottom-up approach is applied for selection of investment. Stock selection for listed and unlisted securities will be based on fundamental analysis of the companies, which include among others the financial strength, management capability, prospects of the industry as well as its business cycle. The selection for fixed income securities is based on the interest rate outlook, potential returns, tenor and yields at reasonable level of risks. The Fund may invest in structured products; selection of structured products will only be made after a thorough analysis has been conducted using prevailing analytical tools. The Fund will place particular emphasis on diversity in terms of strategy of the underlying assets for each structured product. Temporary Defensive Position The Fund may take temporary defensive positions such as reducing exposure in respective permitted investments and increasing the exposure in cash in response to adverse economic and any other market conditions such as changes in interest rate policy.
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ASN 2 INVESTMENT RESTRICTIONS AND LIMITS

8. 9. 10. 11. 12. 13. 14.
20% of NAV. 20% of NAV. 10% of NAV. Limits 10% of securities issued. 20% of securities issued. 10% of instruments issued. 25% of units/shares issued.

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5.5
ASN 3

The investment policy of ASN 3 is to invest in a diversified portfolio of listed securities, primarily on the Bursa Malaysia, unlisted securities, fixed income and money market instruments as well as other capital market instruments such as structured products and derivatives. The Fund may also invest in fixed income securities carrying at least BBB rating by RAM, or any equivalent rating agency. The types of structured products that the Fund may invest include the structured product with exposure linked to one or more assets such as equities, interest rates indices or any other underlying assets. For derivatives, the Fund may invest in warrants, options and any other derivatives as approved by the Deed. The Fund may adopt a defensive strategy depending on changes in economic and stock market conditions. The Funds strategy is to diversify among asset classes between equity and other instruments depending on the countrys economic situation, stock market conditions and interest rate movements. The Fund also stresses on diversifying its equity portfolio through sectoral allocation. The strategy is to minimize the volatility of the portfolio and generate competitive returns in the long term. Asset Allocation The Fund will invest up to 75% of its NAV in equities while maintaining at least 25% in other capital market instruments, inclusive of liquid assets. Permitted Investments The Fund may invest in equities quoted on any recognised stock exchange and any other capital market instruments, deposits at calls, Government securities, bankers acceptances, negotiable certificates of deposit and any other kind of investment as prescribed under the definition of Authorised Investments in the Deed. Sectors/stock selection Sectors are selected by adopting a top-down approach in sectors with growth potential and higher returns, whilst a bottom-up approach is applied for selection of investment. Stock selection for listed and unlisted securities will be based on fundamental analysis of the companies, which include among others the financial strength, management capability, prospects of the industry as well as its business cycle. The selection for fixed income securities is based on the interest rate outlook, potential returns, tenor and yields at reasonable level of risks. The Fund may invest in structured products; selection of structured products will only be made after a thorough analysis has been conducted using prevailing analytical tools. The Fund will place particular emphasis on diversity in terms of strategy of the underlying assets for each structured product. Temporary Defensive Position The Fund may take temporary defensive positions such as reducing exposure in respective permitted investments and increasing the exposure in cash in response to adverse economic and any other market conditions such as changes in interest rate policy.
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ASN 3 INVESTMENT RESTRICTIONS AND LIMITS

8. 9. 10. 11. 12. 13. 14.
20% of NAV. 40% of NAV. 33.3% of NAV. Limits 40% of securities issued. 40% of securities issued. 40% of instruments issued. 40% of units/shares issued.

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5.6
THE THREE FUNDS UNDER THE UMBRELLA OF ASG (ASG Pendidikan, ASG Kesihatan, ASG Persaraan)

The investment policy of ASG is to invest in a diversified portfolio of listed securities, primarily on the Bursa Malaysia, unlisted securities, fixed income and money market instruments as well as other capital market instruments such as structured products and derivatives. The Fund may also invest in fixed income securities carrying at least A rating by RAM, or any equivalent rating agency. The types of structured products that the Fund may invest include the structured product with exposure linked to one or more assets such as equities, interest rates indices or any other underlying assets. For derivatives, the Fund may invest in warrants, options and any other derivatives as approved by the Deed. The Fund may adopt a defensive strategy depending on changes in economic and stock market conditions. The Funds strategy is to diversify among asset classes between equity and other instruments depending on the countrys economic situation, stock market conditions and interest rate movements. The Fund also stresses on diversifying its equity portfolio through sectoral allocation. The strategy is to minimize the volatility of the portfolio and generate competitive returns in the long term. Asset Allocation ASG-Pendidikan The Fund will invest between 20% and 70% of its NAV in fixed income securities and cash equivalent, and the remainder in equities and other capital market instruments. ASG-Kesihatan The Fund will invest up to 90% of its NAV in equities, while maintaining at least 10% in other capital market instruments, inclusive of liquid assets. ASG-Persaraan The Fund will invest between 20% and 80% of its NAV in fixed income securities and cash equivalent, and the remainder in equities and other capital market instruments. Permitted Investments The Fund may invest in equities quoted on any recognised stock exchange and any other capital market instruments, deposits at calls, Government securities, bankers acceptances, negotiable certificates of deposit and any other kind of investment as prescribed under the definition of Authorised Investments in the Deed. Sectors/stock selection Sectors are selected by adopting a top-down approach in sectors with growth potential and higher returns, whilst a bottom-up approach is applied for selection of investment. Stock selection for listed and unlisted securities will be based on fundamental analysis of the companies, which include among others the financial strength, management capability, prospects of the industry as well as its business cycle. The selection for fixed income securities is based on the interest rate outlook, potential returns, tenor and yields at reasonable level of risks. The Fund may invest in structured products; selection of structured products will only be made after a thorough analysis has been conducted using prevailing analytical tools. The Fund will place particular emphasis on diversity in terms of strategy of the underlying assets for each structured product.

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ASG INVESTMENT RESTRICTIONS AND LIMITS

8. 9. 10. 11. 12. 13. 14.
20% of NAV. 20% of NAV. 10% of NAV. Limits 10% of securities issued. 20% of securities issued. 10% of instruments issued. 25% of units/shares issued.
Investment Concentration Collectively
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5.7
ASB

The investment policy of ASB is to invest in a diversified portfolio of listed securities, primarily on the Bursa Malaysia, unlisted securities, fixed income and money market instruments as well as other capital market instruments such as structured products and derivatives. The Fund may also invest in fixed income securities carrying at least BBB rating by RAM, or any equivalent rating agency. The types of structured products that the Fund may invest include structured products with exposure linked to one or more assets such as equities, interest rates indices or any other underlying assets. For derivatives, the Fund may invest in warrants, options and any other derivatives as approved by the Deed. The Fund may adopt a defensive strategy depending on changes in economic and stock market conditions. The Funds strategy is to diversify among asset classes between equity and other instruments depending on the countrys economic situation, stock market conditions and interest rate movements. The Fund also stresses on diversifying its equity portfolio through sectoral allocation. The strategy is to preserve the value of the capital and generate competitive returns in the long term. Asset Allocation The Fund seeks to achieve its objective by investing up to 95% of its VOF in equities, while maintaining at least 5% in other capital market instruments, inclusive of liquid assets. The investment strategy will also be designed to preserve the capital of the Fund in the long-term period while at the same time to seek potential income from its investment. Permitted Investments The Fund may invest in stocks, shares or debentures of any company listed on the Bursa Malaysia or on any Eligible Market, units of unit trust fund, and/or deposits at call with any financial institution. The Fund may also invest in bankers acceptances, negotiable certificate of deposits and other negotiable instruments approved by Bank Negara Malaysia from time to time and any other kind of investment as prescribed under the definition of Authorised Investments in the Deed. Sectors/stock selection Sectors are selected by adopting a top-down approach in sectors with growth potential and higher returns, whilst a bottom-up approach is applied for selection of investment. Stock selection for listed and unlisted securities will be based on fundamental analysis of the companies, which include among others the financial strength, management capability, prospects of the industry as well as its business cycle. The selection for fixed income securities is based on the interest rate outlook, potential returns, tenor and yields at reasonable level of risks. The Fund may invest in structured products; selection of structured products will only be made after a thorough analysis has been conducted using prevailing analytical tools. The Fund will place particular emphasis on diversity in terms of strategy of the underlying assets for each structured product.
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ASB INVESTMENT RESTRICTIONS AND LIMITS

Investment Exposure/Spread 1. 2. 3. 4. 5. 6. 7. Investments in unlisted securities. Investments in ordinary shares issued by any single issuer. Investments in transferable securities and money market instruments issued by any single issuer. Placement in deposits with any single institution. Over-the-counter (OTC) derivative transaction with any single counter-party. Investments in structured products issued by a single counter-party. Aggregate investments in transferable securities, money market instruments, deposits, OTC derivatives and structured products issued by or placed with any single issuer/institution. Investments in units/shares of any collective investment scheme. Investments in transferable securities and money market instruments issued by any group of companies. Cash borrowings. Investments in transferable securities (other than debentures). Investments in debentures. Investments in money market instruments. Investments in collective investment schemes. Limits 20% of VOF. 30% of VOF. 40% of VOF. 20% of VOF. 10% of VOF. 15% of VOF. 40% of VOF.
8. 9. 10. 11. 12. 13. 14.
20% of VOF. 40% of VOF. 10% of VOF. Limits 100% of securities issued. 100% of securities issued. 100% of instruments issued. 100% of units/shares issued.
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5.8
ASW 2020

The investment policy of ASW 2020 is to invest in a diversified portfolio of listed securities, primarily on the Bursa Malaysia, unlisted securities, fixed income and money market instruments as well as other capital market instruments such as structured products and derivatives. The Fund may also invest in fixed income securities carrying at least BBB rating by RAM, or any equivalent rating agency. The types of structured products that the Fund may invest include the structured product with exposure linked to one or more assets such as equities, interest rates indices or any other underlying assets. For derivatives, the Fund may invest in warrants, options and any other derivatives as approved by the Deed. The Fund may adopt a defensive strategy depending on changes in economic and stock market conditions. The Funds strategy is to diversify among asset classes between equity and other instruments depending on the countrys economic situation, stock market conditions and interest rate movements. The Fund also stresses on diversifying its equity portfolio through sectoral allocation. The strategy is to preserve the value of the capital and generate competitive returns in the long term. Asset Allocation The Fund seeks to achieve its objective by investing up to 95% of its VOF in equities, while maintaining at least 5% in other capital market instruments, inclusive of liquid assets. The investment strategy will also be designed to preserve the capital of the Fund in the long-term period while at the same time to seek potential income from its investment. Permitted Investments The Fund may invest in stocks, shares or debentures of any company listed on the Bursa Malaysia or on any Eligible Market, units of unit trust fund, and/or deposits at call with any financial institution. The Fund may also invest in bankers acceptances, negotiable certificate of deposits and other negotiable instruments approved by Bank Negara Malaysia from time to time and any other kind of investment as prescribed under the definition of Authorised Investments in the Deed. Sectors/stock selection Sectors are selected by adopting a top-down approach in sectors with growth potential and higher returns, whilst a bottom-up approach is applied for selection of investment. Stock selection for listed and unlisted securities will be based on fundamental analysis of the companies, which include among others the financial strength, management capability, prospects of the industry as well as its business cycle. The selection for fixed income securities is based on the interest rate outlook, potential returns, tenor and yields at reasonable level of risks. The Fund may invest in structured products; selection of structured products will only be made after a thorough analysis has been conducted using prevailing analytical tools. The Fund will place particular emphasis on diversity in terms of strategy of the underlying assets for each structured product.

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2011/2012
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ASW 2020 INVESTMENT RESTRICTIONS AND LIMITS

8. 9. 10. 11. 12. 13. 14.
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5.9
ASM

The investment policy of ASM is to invest in a diversified portfolio of listed securities, primarily on the Bursa Malaysia, unlisted securities, fixed income and money market instruments as well as other capital market instruments such as structured products and derivatives. The Fund may also invest in fixed income securities carrying at least BBB rating by RAM, or any equivalent rating agency. The types of structured products that the Fund may invest include the structured product with exposure linked to one or more assets such as equities, interest rates indices or any other underlying assets. For derivatives, the Fund may invest in warrants, options and any other derivatives as approved by the Deed. The Fund may adopt a defensive strategy depending on changes in economic and stock market conditions. The Funds strategy is to diversify among asset classes between equity and other instruments depending on the countrys economic situation, stock market conditions and interest rate movements. The Fund also stresses on diversifying its equity portfolio through sectoral allocation. The strategy is to preserve the value of the capital and generate competitive returns in the long term. Asset Allocation The Fund seeks to achieve its objective by investing up to 95% of its VOF in equities, while maintaining at least 5% in other capital market instruments, inclusive of liquid assets. The investment strategy will also be designed to preserve the capital of the Fund in the long-term period while at the same time to seek potential income from its investment. Permitted Investments The Fund may invest in stocks, shares or debentures of any company listed on the Bursa Malaysia or on any Eligible Market, units of unit trust fund, and/or deposits at call with any financial institution. The Fund may also invest in bankers acceptances, negotiable certificate of deposits and other negotiable instruments approved by Bank Negara Malaysia from time to time and any other kind of investment as prescribed under the definition of Authorised Investments in the Deed. Sectors/stock selection Sectors are selected by adopting a top-down approach in sectors with growth potential and higher returns, whilst a bottom-up approach is applied for selection of investment. Stock selection for listed and unlisted securities will be based on fundamental analysis of the companies, which include among others the financial strength, management capability, prospects of the industry as well as its business cycle. The selection for fixed income securities is based on the interest rate outlook, potential returns, tenor and yields at reasonable level of risks. The Fund may invest in structured products; selection of structured products will only be made after a thorough analysis has been conducted using prevailing analytical tools. The Fund will place particular emphasis on diversity in terms of strategy of the underlying assets for each structured product.

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2011/2012

ASM INVESTMENT RESTRICTIONS AND LIMITS

8. 9. 10. 11. 12. 13. 14.
20% of VOF. 40% of VOF. 33.3% of VOF. Limits 100% of securities issued. 100% of securities issued. 100% of instruments issued. 100% of units/shares issued.
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5.10
ASD
INVESTMENT POLICIES AND PRINCIPAL INVESTMENT STRATEGIES The investment policy of ASD is to invest in a diversified portfolio of listed securities, primarily on the Bursa Malaysia, unlisted securities, fixed income and money market instruments as well as other capital market instruments such as structured products and derivatives. The Fund may also invest in fixed income securities carrying at least BBB rating by RAM, or any equivalent rating agency. The types of structured products that the Fund may invest include the structured product with exposure linked to one or more assets such as equities, interest rates indices or any other underlying assets. For derivatives, the Fund may invest in warrants, options and any other derivatives as approved by the Deed. The Fund may adopt a defensive strategy depending on changes in economic and stock market conditions. The Funds strategy is to diversify among asset classes between equity and other instruments depending on the countrys economic situation, stock market conditions and interest rate movements. The Fund also stresses on diversifying its equity portfolio through sectoral allocation. The strategy is to preserve the value of the capital and generate competitive returns in the long term. Asset Allocation The Fund seeks to achieve its objective by investing up to 95% of its VOF in equities, while maintaining at least 5% in other capital market instruments, inclusive of liquid assets. The investment strategy will also be designed to preserve the capital of the Fund in the long-term period while at the same time to seek potential income from its investment. Permitted Investments The Fund may invest in stocks, shares or debentures of any company listed on the Bursa Malaysia or on any Eligible Market, units of unit trust fund, and/or deposits at call with any financial institution. The Fund may also invest in bankers acceptances, negotiable certificate of deposits and other negotiable instruments approved by Bank Negara Malaysia from time to time and any other kind of investment as prescribed under the definition of Authorised Investments in the Deed. Sectors/stock selection Sectors are selected by adopting a top-down approach in sectors with growth potential and higher returns, whilst a bottom-up approach is applied for selection of investment. Stock selection for listed and unlisted securities will be based on fundamental analysis of the companies, which include among others the financial strength, management capability, prospects of the industry as well as its business cycle. The selection for fixed income securities is based on the interest rate outlook, potential returns, tenor and yields at reasonable level of risks. The Fund may invest in structured products; selection of structured products will only be made after a thorough analysis has been conducted using prevailing analytical tools. The Fund will place particular emphasis on diversity in terms of strategy of the underlying assets for each structured product.

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2011/2012
2011/2012

ASD INVESTMENT RESTRICTIONS AND LIMITS

Investment Exposure/Spread 1. 2. 3. 4. 5. 6. 7. Investments in unlisted securities. Investments in ordinary shares issued by any single issuer. Investments in transferable securities and money market instruments issued by any single issuer. Placement in deposits with any single institution. Over-the-counter (OTC) derivative transaction with any single counter-party. Investments in structured products issued by a single counter-party. Aggregate investments in transferable securities, money market instruments, deposits, OTC derivatives and structured products issued by or placed with any single issuer/institution. 8. 9. 10. 11. 12. 13. 14. Investments in units/shares of any collective investment scheme. Investments in transferable securities and money market instruments issued by any group of companies. Cash borrowings. Investments in transferable securities (other than debentures). Investments in debentures. Investments in money market instruments. Investments in collective investment schemes. 20% of VOF. 40% of VOF. 33.3% of VOF. Limits 100% of securities issued. 100% of securities issued. 100% of instruments issued. 100% of units/shares issued. Limits 20% of VOF. 30% of VOF. 40% of VOF. 20% of VOF. 10% of VOF. 15% of VOF. 40% of VOF.
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5.11
AS 1MALAYSIA
INVESTMENT POLICIES AND PRINCIPAL INVESTMENT STRATEGIES The investment policy of AS 1Malaysia is to invest in a diversified portfolio of listed securities, on the Bursa Malaysia or on recognised overseas stock exchange, unlisted securities, fixed income and money market instruments as well as other capital market instruments in Malaysia, and in any recognised market as approved in the Deed of AS 1Malaysia. The Fund may also invest in fixed income securities carrying at least BBB rating by RAM or MARC for domestic issues, or by international rating agencies such as Moody or Standard & Poors for international issues. To achieve the Funds objective of providing regular and consistent return, whilst outperforming the 5-year MGS return, the Fund will diversify its investments among asset classes between equities, fixed income and other financial instruments depending on the countrys economic situation, stock market conditions, interest rate movements and other relevant fundamental factors. The Fund stresses on diversifying its portfolio through asset allocation in equities, money market and fixed income securities. The strategy is to preserve the value of the capital and generate competitive returns in the long-term. Asset Allocation The Fund seeks to achieve its objective by investing up to 90% of its VOF in equities, while maintaining at least 10% in other capital market instruments, inclusive of liquid assets. The investment strategy will also be designed to preserve the capital of the Fund in the long-term period while at the same time to seek potential income from its investment. Permitted Investments The Fund is allowed to invest in securities of companies listed on the Bursa Malaysia or on any Eligible Market, or which has obtained approval for listing from relevant authorities, unlisted equities, units of unit trust funds or collective investment schemes, Government securities, private debt securities, and/or dep osits at call with any financial institution. The Fund may also invest in bankers acceptances, negotiable certificate of deposits or any other kind of investment as prescribed under the definition of Permitted Investments in the Deed. Sectors/stock selection The investment in equities may include primarily blue chip stocks as well as high yielding and value shares which could generate more regular income stream and maintaining the volatility of portfolio at reasonably low level. The Fund may also diversify its portfolio into international markets as permitted under the Guidelines and by its Deed to mitigate its risk level as well as to generate enhanced return to the Fund. Country allocation is done via top-down approach based on economic factors such as economic growth, interest rates, currency, as well as other fundamental factors such as market valuation, earnings growth potential and expected returns from the country. Sectors are selected by adopting a top-down approach in sectors with growth potential and higher returns. The Fund adopts a bottom-up approach in stock selection. Stock selection for listed and unlisted securities will be based on fundamental analysis of the companies, which include among others the financial strength, management capability, prospects of the industry as well as its business cycle. The selection for fixed income securities is based on the interest rate outlook, potential returns, investment ratings, tenor and yields at reasonable level of risk. The Fund may invest in structured products where selection of structured products will only be made after a thorough analysis has been conducted based on prevailing analytical tools. The Fund will place particular emphasis on diversity in terms of strategy of the underlying assets for each structured product. Temporary Defensive Position The Fund may take temporary defensive positions such as reducing exposure in respective permitted investments and increasing the exposure in cash in response to adverse economic and any other market conditions such as changes in interest rate policy.

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2011/2012

The Funds risks are actively managed through diversification of the portfolio in terms of asset allocation, country allocation and sectoral allocation. The risks are minimised through the exposure limit in equity as well as on the sectoral and company weightings depending on the economic and stock market conditions. The Fund adopts an active trading strategy through portfolio rebalancing depending on the expected risk and return on securities invested and changes in the market.
AS 1MALAYSIA INVESTMENT RESTRICTIONS AND LIMITS

Investment Exposure/Spread 1. 2. 3. 4. 5. 6. 7. Investments in unlisted securities. Investments in ordinary shares issued by any single issuer. Investments in transferable securities and money market instruments issued by any single issuer. Placement in deposits with any single institution. Over-the-counter (OTC) derivative transaction with any single counter-party. Investments in structured products issued by a single counter-party. Aggregate investments in transferable securities, money market instruments, deposits, OTC derivatives and structured products issued by or placed with any single issuer/institution. Investments in units/shares of any collective investment scheme. Investments in transferable securities and money market instruments issued by any group of companies. Limits 20% of VOF. 30% of VOF. 40% of VOF. 20% of VOF. 10% of VOF. 15% of VOF. 40% of VOF.
8. 9.
10. Cash borrowings. Investment Concentration 11. Investments in transferable securities (other than debentures). 12. Investments in debentures. 13. Investments in money market instruments. 14. Investments in collective investment schemes.
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5.INFORMATION ON THE FUNDS 46 iNFoRMatioN oN tHE FUNDs 46
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2011/2012
5.12
BASES OF VALUATION FOR INVESTMENTS
Valuation bases for all types of assets invested or to be invested by the Fund, including treatment for suspended counters. 5.12.1 Bases of Valuation on Investments for ASN, ASN 2, ASN 3, ASG-Pendidikan, ASG-Kesihatan and ASG-Persaraan Valuation Valuation is conducted at mid-day and the end of each Business Day based on the last done market price primarily listed on the Bursa Malaysia or any Eligible Market approved by the relevant authorities. Valuations are carried out on a daily basis using fair value prices quoted by a Bond Pricing Agency (BPA) registered with the SC. If the Manager is of the view that the price quoted by the BPA for a specific bond differs from the market price by more than 20 basis points, the Manager may use the market price provided that the Manager adheres to the requirements stipulated by the SC. The net change in the unrealised gain/(loss) is credited/charged to the investment revaluation reserve. Valuation is based on the last published repurchase price. Valuation is based on methods deemed fair and reasonable, determined by the Manager, verified by the Auditors and approved by the Trustee. Valuation is at cost, adjusted for amortization of premium on accretion of discount over their par value at the time of acquisition, less provision for any diminution in value. Valuation is done based on the nominal value and accrued interest. Valuation is based on their last traded price. Valuation is based on the last done market price of the respective stock market, translated based on the latest prevailing foreign exchange rate as at reporting date.
Types Quoted investments and Fixed Income Securities
Unquoted Fixed Income and Debt Securities
Unlisted Collective Investment Scheme Other Unquoted Investments
Money Market Instruments
Deposits with Financial Institutions
Suspended counters Overseas Investment (if applicable)
5.12.2 Bases of Valuation on Investments for ASB, ASW 2020, ASM, ASD and AS 1Malaysia Types Valuation Quoted investments and Fixed Income Valuation is at cost less provision for permanent diminution in value of investment. Securities Unquoted Fixed Income and Debt Securities Valuation is at cost less provision for any permanent diminution in value and where applicable, adjusted for amortisation of premium or accretion of discount from acquisition date to maturity dates.
2011/2012
2011/2012
Types Unlisted Collective Investment Scheme
Valuation Valuation is at cost less provision for any permanent diminution in value. Valuation is at cost less provision for permanent diminution in value of investment. Valuation is at cost, adjusted for amortization of premium on accretion of discount over their par value at the time of acquisition, less provision for any diminution in value. Valuation is done based on the nominal value and accrued interest. Valuation is at cost less provision for permanent diminution in value of investment. Carrying value in Ringgit Malaysia is translated based on the latest prevailing foreign exchange rate as at reporting date.
Other Unquoted Investments
Money Market Instruments
Deposits with Financial Institutions Suspended counters
Overseas Investment (if applicable)
5.13
POLICY IN RESPECT OF VALUATION POINT(S) TO DETERMINE THE NAV OF THE FUND
To determine the NAV of the Fund including policy in respect of timing for valuation of a Funds foreign investment and frequency of valuation of the Funds objective. For ASN, ASN 2, ASN 3, ASG-Pendidikan, ASG-Kesihatan and ASG-Persaraan Valuation is done at mid-day and at the end of each Business Day. As the NAV per unit is determined using historical pricing, the NAV per unit published today is based on the valuation of the Funds at the end of the preceding Business Day, at the close of the Bursa Malaysia. Please take note that the Manager may re-price the units, if their respective NAVs differ by more than 5% from their NAVs at the previous valuation point due to material market movement. Upon such event, you are advised to refer to any ASNB office or agents to get the latest update. For ASB, ASW 2020, ASM, ASD and AS 1Malaysia As the units are transacted at a fixed price of RM1.00 per unit, it is not necessary to value the units on each Business Day.
asnB master ProsPectus
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2011/2012
6.
PERFORMANCE OF THE FUNDS

This section covers the following Funds: Funds ASN ASN 2 ASN 3 ASG-Pendidikan ASG-Kesihatan ASG-Persaraan ASB ASW 2020 ASM ASD AS 1Malaysia Notes: 1. With effect from 31 July 2009, the customized benchmarks for ASN, ASN 2, ASN 3 and ASG have been changed from a composition of KLCI and 3-month KLIBOR to a composition of FBM 100 and 3-month KLIBOR. Effective 6 July 2009, Bursa Malaysia has replaced the KLCI composite index (KLCI) with the FTSE Bursa Malaysia Index 30 (FBM 30), which is later known as FBM KLCI. However since the FBM KLCI are limited to 30 stocks components, against KLCIs 100 stocks components, the Manager decided to use the FTSE Bursa Malaysia Top 100 (FBM 100) as the Funds equity benchmark replacing the KLCI. FBM 100 consists of 100 stocks components from various important sectors such as Property, Technology, Insurance and Construction. The use of FBM 100 is more appropriate with the Funds investment policy and strategy. Refer Page 51 Page 52 Page 53 Page 54 - 55 Page 54 - 55 Page 54 - 55 Page 56 Page 57 Page 58 Page 59 Page 60
2.
The following are the basis of calculation and any assumption made in calculating the returns: (a) The average total return and average annual returns of the Funds presented on pages 51 to 55 are calculated on NAV-to-NAV basis with the following assumptions: The NAV reflects the actual amount of Funds a fund manager has to invest/ work with. Income Distribution is re-invested. No purchase and redemption. No sales charge. (b) Annualised returns for all variable-price funds are derived by the rate of returns on an annual basis over the entire period of investment.
The formula for annualised return is as follows:
[(1 + r1) (1 + r2)..(1 + r n )]

Whereby,
1/n
- 1
x 100
n = number of years
r = annual return
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| 5.INFORMATION ON THE FUNDS 49 6. Performance of the funds 49
ASNB MASTER PROSPECTUS 2011/2012 asnB master ProsPectus 2011/2012
(c) The annual total return is computed as follows: NAV per unit after income distribution NAV per unit beginning of the year Income distribution per unit NAV per unit after Income distribution
Capital Return
1 x 100
Income Return
x 100
Total Return
(1 + Capital Return) (1 + Income Return) x 1 x 100 100 100
(d) The average total returns for all fixed-price Funds presented on pages 56 to 60 are calculated as follows: i. ii. iii. iv. v. vi. 1-year return is income distribution for that year. 3-year return is income distribution for that year plus the income distribution for the previous two years divided by 3. 5-year return is income distribution for that year plus the income distribution for the previous four years divided by 5. Since inception return is the income distribution made by the Fund since launched. The rate for 3-month KLIBOR which is more than one year will be computed based on the average rate at the end of financial year of respective Fund. The average total return of the Funds refers to the average distribution of income in sen per unit. Distribution of bonus of ASB, paid by PNB (if any), is based on minimum monthly balance for 10 years. PNB does not guarantee that bonus payments will be made every year. The average of the 5-year MGS which is more than one year is calculated by monthly average 5-year MGS divided by number of months under review.
vii.
Please visit our website at www.asnb.com.my for the latest updates on Fund performance.
Past performance of the Funds is not an indication of future performance.
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6. Performance of the funds
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6.1
PERFORMANCE OF ASN
Annualised Total Return ASN ASN (%) Benchmark (%)
(financial year ended 31 December 2010) 1-year 3-year 5-year 10-year 18.73 3.95 14.29 10.76 17.80 2.54 10.26 7.91
Annual Total Return

ASN 2010 ASN (%) Benchmark (%) 18.73 17.80 2009 43.41 37.80 2008 -34.04 -33.58 2007 28.03 27.09 2006 35.60 18.93 2005 -3.13 -1.90 2004 11.30 12.59 (financial year ended 31 December) 2003 2002 2001 Since Inception 22.23 -1.38 9.68 122.75 17.66 -1.11 2.26 71.01
With effect from 31 July 2009, the customized benchmark for the fund has been changed from a composition of KLCI and 3-month KLIBOR to a composition of FBM 100 and 3-month KLIBOR. Refer note 1 at page 49.
Distribution Record Gross and Net Distribution Per Unit (sen) Distribution was re-invested as additional units in your account. 2010 6.00 2009 5.20 2008 5.50
Portfolio Turnover Ratio
(financial year ended 31 December) 2010 2009 2008 PTR (times) 0.35 0.52 0.23 The Portfolio Turnover Ratio for 2010 has decreased compared to the previous year due to lower acquisitions of investments.
The asset allocation of ASN for the last three financial years ended 31 December are as follows: Asset Allocation 2010 (%) 2009 (%) 2008 (%) Equity investments Other capital market instruments Total 69.70 30.30 100.00 85.65 14.35 100.00 77.74 22.26 100.00
Significant change due to: 2010 - 2009: Lower acquisition on equity investment. 2009 - 2008: Acquisition of equities and increase in value of equities as the stock market performed positively.
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6.2
PERFORMANCE OF ASN 2
Annualised Total Return ASN 2 ASN 2 (%) Benchmark (%) 1-year 18.25 19.13
(financial year ended 30 June 2010) 3-year 5-year 10-year 4.71 10.69 7.17 0.25 7.80 4.72
Annual Total Return

ASN 2 2010 ASN 2 (%) Benchmark (%) 18.25 19.13 2009 -2.53 -6.16 2008 -0.39 -9.88 2007 40.24 38.85 2006 3.19 4.06 2005 5.16 4.68 2004 14.00 14.53 2003 1.69 -0.76 (financial year ended 30 June) 2002 2001 Since Inception 20.67 -18.22 109.37 22.12 -25.01 66.76
Distribution Record 2010 2009 2008 Gross and Net Distribution Per Unit (sen) 5.20 5.20 5.20 Distribution was re-invested as additional units in your account, including investments made through EPF Members Investment Scheme.
(financial year ended 30 June) 2010 2009 2008 PTR (times) 0.47 0.28 0.35 The Portfolio Turnover Ratio for 2010 has increased compared to the previous year due to higher acquisition and disposal of investment.
The asset allocation of ASN 2 for the last three financial years ended 30 June are as follows: Asset Allocation 2010 (%) 2009 (%) Equity investments Other capital market instruments Total 80.81 19.19 100.00 74.32 25.68 100.00
2008 (%) 74.31 25.69 100.00
Significant change due to: 2010 - 2009: Positive performance in equities market.
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| 5.INFORMATION ON THE FUNDS 52 6. Performance of the funds 52
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6.3
PERFORMANCE OF ASN 3
Annualised Total Return ASN 3 ASN 3(%) Benchmark (%)
(financial year ended 30 November 2010) 1-year 3-year 5-year Since Inception 12.60 4.05 9.12 7.48 11.19 3.20 7.46 6.97
Annual Total Return

ASN 3 2010 ASN 3(%) Benchmark (%) 12.60 11.19 2009 21.69 23.43 2008 -17.96 -19.92 2007 21.10 16.48 2006 13.41 11.96 2005 -1.54 -0.59 2004 6.63 9.72 (financial year ended 30 November) 2003 2002 2001 Since Inception 18.77 -0.80 91.40 13.38 3.51 83.46
Distribution Record 2010 2009 2008 Gross and Net Distribution Per Unit (sen) 6.00 5.50 7.00 Distribution was re-invested as additional units in your account, including investments made through the EPF Members Investment Scheme.
(financial year ended 30 November) 2010 2009 2008 PTR (times) 0.27 0.45 0.30 The Portfolio Turnover Ratio for 2010 has decreased compared to the previous year due to lower acquisitions and disposals of investments.
The asset allocation of ASN 3 for the last three financial years ended 30 November are as follows: Asset Allocation 2010 (%) 2009 (%) 2008 (%) Equity investments Other capital market instruments Total 49.67 50.33 100.00 58.39 41.61 100.00 51.59 48.41 100.00
Significant change due to: 2010 - 2009: Lower acquisition in equity investments. 2008 - 2009: Net acquisition of equities and increase in value of equities as the stock market performed positively.
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6.4
PERFORMANCE OF ASG
Annualised Total Return
ASG ASG-Pendidikan (%) Benchmark (%) ASG-Kesihatan (%) Benchmark (%) ASG-Persaraan (%) Benchmark (%)
1-year
(financial year ended 31 March 2011) 3-year 5-year Since Inception 15.04 9.23 9.86 7.70 12.37 6.27 8.43 8.54 16.33 13.98 14.44 9.18 8.44 6.74 8.66 5.24 10.21 9.24 9.87 6.75 8.42 9.40 7.81 6.78
Annual Total Return

ASG 2011 ASG-Pendidikan (%) Benchmark (%) ASG-Kesihatan (%) Benchmark (%) ASG-Persaraan (%) Benchmark (%) 15.04 12.37 16.33 13.98 14.44 9.18 2010 33.98 31.82 37.42 37.37 31.06 21.28 2009 -15.45 -18.97 -20.22 -22.32 -14.47 -11.96 2008 4.20 1.92 4.58 1.55 5.28 2.60 2007 17.87 22.51 21.89 25.92 18.53 15.89 2006 3.59 4.13 4.07 4.29 3.84 3.79 2005 -3.75 -1.53 -3.12 -2.29 -1.05 -0.03 (financial year ended 31 March) Since 2004 2003 2002 Inception 13.44 81.03 25.37 16.46 29.43 10.92 17.53 92.67 90.88 105.12 82.45 69.02
Distribution Record Gross and Net Distribution Per Unit (sen) 2011 ASG-Pendidikan 5.60 ASG-Kesihatan 6.10 ASG-Persaraan 5.10 Distribution was re-invested as additional units in your account, including investments made Members Investment Scheme.
2010 2009 5.50 5.50 6.00 6.00 5.00 5.00 through the EPF
Portfolio Turnover Ratio (financial year ended 31 March) 2011 2010 2009 0.30 0.34 0.26 0.34 0.36 0.26 0.35 0.32 0.19
PTR (times) ASG-Pendidikan ASG-Kesihatan ASG-Persaraan 2010 2009: Higher acquisition and disposal of investments.
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ASNB MASTER PROSPECTUS 2011/2012 asnB master ProsPectus 2011/2012
The asset allocation of ASG for the last three financial years ended March 31 are as follows: ASG-Pendidikan 2011 (%) 2010 (%) Equity investments Other capital market instruments Total 62.83 37.17 100.00 70.06 29.94 100.00
2009 (%) 54.35 45.65 100.00
Significant change due to: 2011 - 2010: Lower acquisition in equity investments. 2010 - 2009: Net acquisitions of equities and increase in value of equities as the stock market performed positively.
ASG-Kesihatan Equity investments Other capital market instruments Total
2011 (%) 62.79 37.21 100.00
2010 (%) 75.84 24.16 100.00
2009 (%) 64.67 35.33 100.00
Significant change due to: 2011 - 2010: Lower acquisition in equity investments. 2010 - 2009: Net acquisitions of equities and increase in value of equities as the stock market performed positively.
ASG-Persaraan Equity investments Other capital market instruments Total Significant change due to: 2009 - 2008: Positive performance of equities market.
2011 (%) 61.64 38.36 100.00
2010 (%) 59.92 40.08 100.00
2009 (%) 48.62 51.38 100.00
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PERFORMANCE OF ASB
(financial year ended 31 December 2010) 1-year 3-year 5-year 10-year Distribution (in sen) 7.50 7.27 7.42 7.29 Bonus (in sen) 1.25 1.42 1.30 1.73 Benchmark (%) 3.01 2.95 3.21 3.13 The average annual return for the Fund refers to the distribution of income in sen per unit. Distribution of bonus of ASB, paid by PNB (if any), is based on minimum monthly balance for 10 years. PNB does not guarantee that bonus payment will be made every year. Annual Total Return
ASB Distribution (in sen) Bonus (in sen) Benchmark (%) 2010 7.50 1.25 3.01 2009 7.30 1.25 2.23 2008 7.00 1.75 3.61 2007 8.00 1.00 3.57 2006 7.30 1.25 3.65 2005 7.25 1.75 3.20 2004 7.25 2.00 2.80 (financial year ended 31 December) Since 2003 2002 2001 Inception 7.25 2.00 2.87 7.00 2.00 3.13 7.00 3.00 3.27 172.10 56.50 102.77
Average Total Return ASB
The annual total return for the Fund refers to the distribution of income in sen per unit as at the end of the financial year.
Distribution Record 2010 2009 2008 Gross and Net Distribution Per Unit (sen) 7.50 7.30 7.00 Distribution was re-invested as additional units of ASB in your ASB account. Bonus payment is made by PNB. PNB does not guarantee that bonus payment will be made every year.
Portfolio Turnover Ratio PTR (times) (financial year ended 31 December) 2010 2009 2008 0.25 0.29 0.17
The asset allocation of ASB for the last three financial years ended 31 December are as follows: Asset Allocation 2010 (%) 2009 (%) 2008 (%) Equity investments Other capital market instruments Total 80.66 19.34 100.00 86.18 13.82 100.00 85.25 14.75 100.00
Significant change due to: 2010-2009: Lower acquisition in equity investments.
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asnB master ProsPectus 2011/2012 2011/2012 ASNB MASTER PROSPECTUS

6.6
PERFORMANCE OF ASW 2020

(financial year ended 31 August 2010) 1-year 3-year 5-year 10-year 6.35 6.55 6.89 6.97 2.97 2.92 3.11 3.03
Average Total Return ASW 2020 Distribution (in sen) Bonus (in sen) Benchmark (%)
The average total return for the Fund refers to the average distribution of income in sen per unit.
(financial year ended 31 August) Since 2003 2002 2001 Inception Distribution (in sen) 6.35 6.30 7.00 8.00 6.80 7.10 7.00 6.60 7.25 7.25 100.20 Bonus (in sen) 2.00 Benchmark (%) 2.97 2.16 3.63 3.57 3.22 2.89 2.81 2.90 2.86 3.28 50.87 The annual total return for the Fund refers to the distribution of income in sen per unit as at the end of the financial year. 2009 2008 2007 2006 2005 2004
Annual Total Return ASW 2020 2010
Distribution Record 2010 Gross and Net Distribution Per Unit (sen) 6.35 Distribution was re-invested as additional units of ASW 2020 in your ASW 2020 account. 2009 6.30 2008 7.00
Portfolio Turnover Ratio PTR (times) (financial year ended 31 August) 2010 2009 2008 0.30 0.20 0.24
2010 - 2009 : Higher acquisition and disposal of investments.
The asset allocation of ASW 2020 for the last three financial years ended August 31 are as follows: Asset Allocation 2010 (%) 2009 (%) 2008 (%) Equity investments Other capital market instruments Total 64.85 35.15 100.00 59.71 40.29 100.00 66.94 33.06 100.00
Significant change due to: 2010 - 2009 : Positive performance in equities market. 2009 - 2008 : Higher disposals of shares through the stock market.
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6.7
PERFORMANCE OF ASM
Average Total Return ASM Distribution (in sen) Benchmark (%) 1-year 6.38 3.00
(financial year ended 31 March 2011) 3-year 5-year 10-year 6.31 6.71 6.81 2.54 2.96 2.98
Annual Total Return

ASM 2011 Distribution (in sen) Benchmark (%) 6.38 3.00 2010 6.30 2.54 2009 6.25 2.08 2008 7.80 3.60 2007 6.80 3.59 2006 6.75 3.22 2005 7.20 2.80 (financial year ended 31 March) 2004 2003 2002 Since Inception 7.00 6.60 7.00 75.88 2.85 2.90 3.24 32.86
Distribution Record Gross and Net Distribution Per Unit (sen) Distribution was re-invested as additional units of ASM in your ASM account. 2011 6.38 2010 6.30 2009 6.25
(financial year ended 31 March) 2011 2010 2009 PTR (times) 0.39 0.42 0.23 The Portfolio Turnover Ratio for 2010 has decreased compared to the previous year due to a lower acquisition and disposal of investments.
The asset allocation of ASM for the last three financial years ended 31 March are as follows: Asset Allocation 2011 (%) 2010 (%) 2009 (%) Equity investments Other capital market instruments Total 71.78 28.22 100.00 68.61 31.39 100.00 75.44 24.56 100.00
Significant change due to: 2011 - 2010: Positive performance in equities market. 2010 - 2009: Higher disposals of shares through the stock market.
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6.8
PERFORMANCE OF ASD
Average Total Return ASD Distribution (in sen) Bonus (in sen) Benchmark (%) 1-year 6.35 2.75
(financial year ended 30 June 2010) 3-year 5-year Since Inception 6.55 6.69 6.94 0.22 2.81 3.05 2.99
Annual Total Return

ASD 2010 Distribution (in sen) Bonus (in sen) Benchmark (%) 6.35 2.75 2009 6.30 2.09 2008 7.00 3.59 2007 7.00 3.58 2006 6.80 3.22 2005 7.20 2.80 2004 7.00 2.85 2003 6.80 2.86 (financial year ended 30 June) Since 2002 2001 Inception 8.00 62.45 2.00 3.21 26.95
Distribution Record 2010 2009 2008 Gross and Net Distribution Per Unit (sen) 6.35 6.30 7.00 Distribution was re-invested as additional units of ASD in your ASD account, including investments made through the EPF Members Investment Scheme.
(financial year ended 30 June) 2010 2009 2008 PTR (times) 0.56 0.31 0.46 The Portfolio Turnover Ratio for 2010 has increased compared to the previous year due to a higher acquisition and disposal of investments.
The asset allocation of ASD for the last three financial years ended 30 June are as follows: Asset Allocation 2010 (%) 2009 (%) 2008 (%) Equity investments Other capital market instruments Total 77.87 22.13 100.00 72.70 27.30 100.00 79.64 20.36 100.00
Significant change due to: 2010 - 2009: The Positive performance in equities market. 2009 - 2008: Decrease in its equities values as the stock market performed negatively and increase in Fund size during the year.
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PERFORMANCE OF AS 1MALAYSIA
Average Total Return AS 1Malaysia Distribution (in sen) Bonus (in sen) Benchmark (%) 1-year 6.38 3.64
(financial year ended 30 September 2010) 3-year 5-year Since Inception 6.38 3.64
The average total return for the Fund refers to the average distribution of income in sen per unit. The first benchmark was calculated from 5 August 2009 (launch date) to 30 September 2010.
Annual Total Return

AS 1Malaysia Distribution (in sen) Bonus (in sen) Benchmark (%) (financial year ended 30 September) 2010 Since Inception 6.38 6.38 3.64 3.64
Distribution Record Gross and Net Distribution Per Unit (sen) Distribution was re-invested as additional units of AS 1Malaysia in your AS 1Malaysia account. 2010 6.38
Portfolio Turnover Ratio PTR (times) (financial year ended 30 September) 2010 1.09
The asset allocation of AS 1Malaysia for the financial year ended 30 September are as follows: Asset Allocation 2010 (%) Equity investments Other capital market instruments Total 67.65 32.35 100.00
Note: AS 1Malaysias first financial year ended 30 September 2010 and covered a period from 5 August 2009 (launch date) to 30 September 2010.
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7.
7.1
HISTORICAL FINANCIAL HIGHLIGHTS OF THE FUNDS

AN EXTRACT ON THE FUNDS AUDITED FINANCIAL STATEMENTS FOR THE LAST THREE FINANCIAL YEARS This section covers the extracts of the following funds audited Statements of Comprehensive Income and Statements of Financial Position for the past three (3) financial years preceding the date of this Prospectus:
ASN ASN 2 ASN 3 ASG-Pendidikan ASG-Kesihatan ASG-Persaraan ASB ASW 2020 ASM ASD AS 1Malaysia
7.2 ASN
Page 61 Page 62 Page 62 Page 63 Page 63 Page 64 Page 64 Page 64 Page 65 Page 65 Page 65
Extract of Statements of Comprehensive Income for the year ended 31 December 2010 RM000 113,560 15,427 98,133 98,133 2009 RM000 86,660 14,413 72,247 72,247 2008 RM000 98,641 13,089 85,552 85,552
Total investment income Total expenses Net income before taxation Net income after taxation
Extract of Statements of Financial Position as at 31 December 2010 RM000 1,318,283 26,778 1,345,061 94,321 1,250,740 2009 RM000 1,284,497 25,311 1,309,808 128,050 1,181,758 2008 RM000 873,504 23,996 897,500 81,178 816,322
Investments Other assets Total Assets Liabilities Net asset value
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ASN 2 Extract of Statements of Comprehensive Income for the year ended 30 June 2010 RM000 16,014 2,531 13,483 13,483 2009 RM000 10,825 2,203 8,622 8,622 2008 RM000 23,219 2,846 20,373 20,373
Extract of Statements of Financial Position as at 30 June 2010 RM000 231,419 2,868 234,287 12,988 221,299 2009 RM000 209,048 7,307 216,355 11,717 204,638 2008 RM000 225,988 5,305 231,293 11,601 219,692
7.4
ASN 3 Extract of Statements of Comprehensive Income for the year ended 30 November 2010 RM000 8,613 1,524 7,089 7,089 2009 RM000 8,009 1,348 6,661 6,661 2008 RM000 7,007 1,201 5,806 5,806
Extract of Statements of Financial Position as at 30 November 2010 RM000 136,468 2,029 138,497 7,328 131,169 2009 RM000 133,495 1,353 134,848 7,632 127,216 2008 RM000 103,779 3,514 107,293 8,587 98,706
Investments Other assets Total Assets Liabilities: Net asset value
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ASG a. ASG-PENDIDIKAN
Extract of Statements of Comprehensive Income for the year ended 31 March 2011 RM000 3,025 568 2,457 2,457 2010 RM000 3,297 852 2,445 2,445 2009 RM000 2,203 392 1,811 1,811
Extract of Statements of Financial Position as at 31 March 2011 RM000 46,387 876 47,263 2,436 44,827 2010 RM000 42,125 418 42,543 2,350 40,193 2009 RM000 33,500 640 34,140 2,340 31,800
b.
ASG-KESIHATAN
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c.
ASG-PERSARAAN
7.6
ASB Extract of Statements of Comprehensive Income for the year ended 31 December 2010 RM000 6,623,496 481,667 6,141,829 6,141,829 2009 RM000 5,514,051 450,236 5,063,815 5,063,815 2008 RM000 5,277,052 235,303 5,041,749 5,041,749
7.7
ASW 2020 Extract of Statements of Income and Expenditure for the year ended 31 August 2010 RM000 908,102 176,024 732,078 732,078 2009 RM000 689,467 122,254 567,213 567,213 2008 RM000 587,176 86,341 500,835 500,835
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ASM Extract of Statements of Comprehensive Income for the year ended 31 March 2011 RM000 935,815 130,645 805,170 805,170 2010 RM000 808,526 144,339 664,187 664,187 2009 RM000 449,969 69,099 380,870 380,870
7.9
ASD Extract of Statements of Comprehensive Income for the year ended 30 June 2010 RM000 261,573 35,561 226,012 226,012 2009 RM000 188,633 27,579 161,054 161,054 2008 RM000 188,171 32,575 155,596 155,596
7.10
AS 1MALAYSIA Extract of Statements of Comprehensive Income for the year ended 30 September 2010 RM000 300,577 40,502 260,075 260,075
The audited financial statements of the Funds are disclosed in the respective Funds annual report which is available upon request. Past performance of a Fund is not an indication of its future performance.
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7.11
TOTAL ANNUAL EXPENSES INCURRED BY THE FUNDS
The annual expenses incurred by the Funds for the last financial year (FYE) are as follows: Annual Management Fee RM000 ASN
18 18 18 18
Funds
Annual Trustee Fee RM000 500 185 108 31 29 16 500 500 300 300 925 % 0.08 0.08 0.08 0.07 0.07 0.07
21 21 21
Other Expenses RM000 2,307 35 64

20 20 20 20 20 20
Total Annual Expenses RM000 15,427 2,531 1,524 509 479 283 302,563 130,050 124,969 35,561 40,502 % 1.22 1.10 1.13 1.16 1.16 1.22 0.36 1.01 1.01 1.05 1.20
% 1.00 1.00 1.00 1.00 1.00 1.00 0.35 1.00 1.00 1.00 1.10
% 0.14 0.02 0.05 0.09 0.09 0.15 0.01 0.01 0.01 0.03 0.02
12,620 2,311 1,352 440 412 231 296,458

19
ASN 2 ASN 3
ASG-PENDIDIKAN ASG-KESIHATAN
38 38 36
18 18
ASG-PERSARAAN ASB
19
5,605 1,134 1,139 332 441
ASW 2020 ASM ASD

19
128,416 123,530 34,929

19
19
0.02 0.08
AS 1Malaysia
39,136
Note: 18. Reflected as a percentage of average NAV. 19. 20. 21. Reflected as a percentage of average VOF. Less than 0.01%. Other expenses do not include permanent diminution in value of investments.
7.12
MANAGEMENT EXPENSE RATIO
The MER indicates the costs that are incurred in the course of administering the Fund. It is calculated by taking the fees and expenses paid out of a particular Fund as a percentage of the average NAV of that Fund determined on a daily basis over the financial period. For fixed-price Funds, MER is computed based on average VOF. A lower MER indicates the effectiveness of the Manager in managing the costs of the Fund. The MER of the Fund is then calculated as follows: MER = (Fees + Recovered expenses) of the Fund Average daily NAV or daily VOF of the Fund for the financial year X 100
Where: 1. Fees refer to all ongoing fees deducted/deductible directly from the Fund in respect of the period covered by the management expense ratio, expressed as a fixed amount. This would include the annual management fee, the annual trustee fee and any other fees deducted/deductible directly from the Fund.
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2.
Recovered expenses of the Fund refer to all expenses recovered from/charged to the Fund as a result of the expenses incurred by the operation of the Fund expressed as a fixed amount. This should not include expenses that would otherwise be incurred by an individual investor (e.g. brokerage, taxes and levies). Average daily NAV or daily VOF of the Fund refers to the total of the daily NAV or VOF of the Fund, including net income less expenses on an accrued basis, in respect of the Fund for the period covered by the MER, calculated on a daily basis.
3.
The MER incurred by the Funds for the last 3 financial years are as follows: MER (times) ASN Financial year ended 31 December 2010 2009 2008 1.22 1.36 1.21 Remarks
The significant decrease between 2010 and 2009 is due to under accrued distribution expenses taken up in 2009. Remarks -
MER (times) ASN 2
Financial year ended 30 June 2010 2009 2008 1.10 1.11 1.11
MER (times) ASN 3
Financial year ended 30 November 2010 2009 2008 1.13 1.12 1.13
Remarks -
MER (times) ASG- Pendidikan
Financial year ended 31 March 2011 2010 2009 1.16 1.20 1.19
Remarks
MER (times) ASG- Kesihatan
Remarks -
MER (times) ASG- Persaraan
Remarks
MER (times) ASB
Financial year ended 31 December 2010 2009 2008 0.36 0.36 0.36
Remarks -
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MER (times) ASW 2020
Financial year ended 31 August 2010 2009 2008 1.01 1.02 1.02
Remarks
-
MER (times) ASM
Remarks -
MER (times) ASD
Financial year ended 30 June 2010 2009 2008 1.05 1.03 1.53
Remarks Significant decrease between 2009 and 2008 due to waiver of management fee by ASNB.
MER (times) AS 1Malaysia
Financial year ended 30 September 2010 1.20
Remarks Financial period covers more than 12 months (5 August 2009 30 September 2010).
The audited financial statements of the Funds are disclosed in the respective Funds annual report which is available upon request. Past performance of the Funds is not an indication of future performance.
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8.
FEES, CHARGES AND EXPENSES
Before investing, you must understand that there are fees and charges that are directly and indirectly charged to you. All charges are non-negotiable.
8.1
CHARGES AND FEES DIRECTLY INCURRED WHEN PURCHASING OR REDEEMING UNITS OF THE FUNDS
Charges directly incurred when you purchase or redeem units of the Funds are as follows:
Sales Charge
ASB, ASM, ASW 2020 and ASD No sales charge imposed. AS 1Malaysia Up to 1.0% of the invested amount. However, the Manager has the discretion either to waive or to reduce the sales charge. ASN, ASN 2, ASN 3, ASG-Pendidikan, ASG-Kesihatan and ASG-Persaraan 5% of the invested amount. The sales charge is subject to change based on Managers discretion. The rounding up of the NAV per unit will be up to four decimal places. Please refer to Section 9.4 on page 75 for an illustration on the calculation of the sales charge. EPF Members Investment Scheme Up to 3% of the invested amount. Only charged when you subscribe/purchase units of ASN 2, ASN 3 and ASG.
Redemption Charge Service Charge Payable to EPF
No redemption charge will be imposed for the redemption of units.
Service charge payable to EPF for investments made through EPF Members Investment Scheme is calculated monthly based on average closing market value of the individual application received under the EPF Members Investment Scheme. The formula for monthly service charge is as follows: (b/f MV+ MV for the current month) x rate as imposed by EPF to UTMC* x 1/12 2
* Currently the rate imposed by EPF to UTMC is 0.125% p.a. This rate is subject to change as may be imposed by EPF. Whereby, Market Value (MV) Accumulated Units = = Accumulated Units as at end of the month multiplied with NAV at last working day of the month. The total unit balance of application received including distribution/bonus (if any), as at end of each month.
The monthly service charge will then be summed up for the 12 months, before being deducted from the distribution/ bonus received (if any) out of the investment made through EPF Members Investment Scheme, at the end of the financial year of the respective Fund. In the event that any of these Funds is unable to distribute its income, the service fee will be deducted from the investment of the affected Unitholders. Illustration: Assumption : Based on ASN 2 i. Balance of accumulated units brought forward from March 2011 is 30,000 units.
ii. Market value for the month of March 2011 will be : NAV per Unit on 31 March 2011 x Accumulated units = RM1.0797 x 30,000 = RM32,391 (a) www.asnb.com.my | 8.FEES, CHARGES AND EXPENSES www.asnb.com.my 8. Fees, charges and expenses
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iii. Market value for the month of April 2011 is: NAV per Unit on 30 April 2011 x Accumulated balance of units = RM1.0905 x 30,000 = RM32,715 (b) iv. The service charge for the month of April 2011 is: (RM32,391 (a) + RM32,715 (b)) x 1/12 x 0.125% = RM3.3909 2 In two (2) decimal places = RM3.39 v. Therefore, service charge for the month of April 2011 is RM3.39 vi. Hence, the annual service charge for the year would be the total of the monthly service charges (as illustrated above).
8.2 8.2.1
CHARGES AND FEES INDIRECTLY INCURRED Annual Management Fee

The annual management fee is calculated and accrued daily and payable monthly to the Manager. The Manager is entitled to the following annual management fee: Fund ASN, ASN 2, ASN 3, ASG-Kesihatan, ASG-Pendidikan, ASG-Persaraan ASB ASW 2020, ASM ASD AS 1Malaysia Annual Management Fee 1.0% per annum of the NAV of the Fund calculated and accrued daily.
0.35% per annum of the VOF calculated and accrued daily. 1.0% per annum of the VOF calculated and accrued daily. 1.5% per annum of the VOF calculated and accrued daily. Up to a maximum of 1.5% per annum of the VOF, calculated and accrued daily, as may be agreed between the Trustee and Manager.
Illustration: The Manager of ASN 2 is entitled to a fee of 1.0% per annum of the NAV of ASN 2, calculated and accrued daily. The NAV of ASN 2 (before deducting annual management fees and annual trustee fees for the day) RM250,000,000 Annual management fee accrued = = Annual management fee charged = 1.0% x NAV 365 1.0% x RM250,000,000 365 RM6,849.32
The annual management fee will be the cumulative daily management fee for that financial year.
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8.2.2
Annual Trustees Fee

The annual Trustees fee is subject to the Deed of the respective Fund. The table below depicts the Trustees annual fee for each Fund. Fund ASN ASN 2 Annual Trustees Fee RM500,000 or 0.08% per annum of the NAV of the Fund, whichever is lower, calculated and accrued daily. RM500,000 or 0.08% per annum of the NAV of the Fund, whichever is lower, calculated and accrued daily. RM300,000 or 0.08% per annum of the NAV of the Fund, whichever is lower, calculated and accrued daily. RM450,000 or 0.07% per annum of the NAV of the Fund, whichever is lower, calculated and accrued daily. RM450,000 or 0.07% per annum of the NAV of the Fund, whichever is lower, calculated and accrued daily. RM450,000 or 0.07% per annum of the NAV of the Fund, whichever is lower, calculated and accrued daily. RM500,000 per annum. RM500,000 per annum. RM300,000, or 0.08% per annum of the Value of the Fund, whichever is lower, calculated and accrued daily. RM300,000 or 0.08% per annum of the Value of the Fund, whichever is lower, calculated and accrued daily. Up to 0.08% per annum of the VOF, subject to a minimum of RM18,000 per annum, calculated and accrued daily.
ASN 3 ASG-Pendidikan ASG-Kesihatan ASG-Persaraan ASB ASW 2020 ASM ASD AS 1Malaysia
Illustration: The Trustee of ASG-Pendidikan is entitled to a fee of RM450,000 or 0.07% per annum of the NAV of ASG-Pendidikan, whichever is lower, calculated and accrued daily. The NAV of ASG-Pendidikan (before deducting annual management fees and annual trustee fees for the day) RM35,000,000 The Trustees fee accrued = 0.07% x RM35,000,000 365 RM67.12
The Trustees fee charged
The Trustees annual fee will be the lower of the cumulative daily Trustees fee for that financial year compared to RM450,000.
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8.2.3
Funds other expenses

The Deed provides certain other fees and expenses to be paid out of the Fund. These include auditors remuneration, custodian and other administration costs such as the printing of interim and annual reports, distribution expenses, postage and other operating expenses. Statutory payments such as stamp duties and taxes imposed by the authority will also be paid by the Fund.
8.2.4
Policy on Stockbroking Rebates and Soft Commissions

Funds ASN, ASN 2, ASN 3, ASG-Pendidikan, ASG-Kesihatan, ASG-Persaraan, ASB, ASW 2020, ASM, ASD and AS 1Malaysia Rebates, if any, arising from share transactions will be paid back to the Fund. Our policy is not to receive any soft commission.
Policy on Stockbroking Rebates Policy on Soft Commissions
There are fees and charges involved and investors are advised to consider them before investing in the Funds.
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9.
9.1
TRANSACTION INFORMATION
VALUATION POINTS FOR THE PURPOSE OF DETERMINING THE NAV
NAV per unit is determined based on historical pricing and calculated at the end of the preceding Business Day. We will revalue the Funds NAV as at the mid-day Valuation Point and re-price the units where the NAV of the Fund differs by more than 5% from the NAV as at the last Valuation Point. The mid-day Valuation Point is the time of the mid-day close of business of the Eligible Market. Unitholders are advised to note that all transactions are subject to a rounding mechanism, whereby the total investment amount or total proceeds/redemption is rounded upwards or downwards to the nearest multiple of 5 sen effective 1 April 2008.
9.2
NAV FOR ASN, ASN 2, ASN 3, ASG-Pendidikan, ASG-Kesihatan AND ASG-Persaraan

The valuation of units is based on the NAV of the Fund. The NAV per unit of the Fund is calculated by dividing the Funds NAV by the number of UIC, rounded to four decimal places. The NAV per unit forms the basis for the computation of the Unit Price. Illustration: Computation of the NAV per unit at each valuation point is illustrated below: Quoted Investments Liquid Assets Other Assets Less:Liabilities Net Asset Value Units in Circulation (units) Net Asset Value per Unit = = = NAV per unit, rounded to 4 decimal places = RM 231,000,000 34,500,000 6,100,000 271,600,000 (16,500,000) 255,100,000 326,500,000 NAV Units in circulation RM255,100,000 326,500,000 units RM0.781317 RM0.7813
9.3
PRICING POLICY
(a) Pricing of Variable-Price Unit Trust Funds The price of ASN, ASN 2, ASN 3, ASG-Pendidikan, ASG-Kesihatan and ASG-Persaraan, NAV per unit is determined based on historical pricing and calculated at the end of the preceding Business Day. The Manager will re-price the units if the NAV per unit of the Fund, if revalued, differs by more than 5% from the NAV per unit at the last valuation point.
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In the event of any incorrect pricing of NAV per unit of the Fund: The Manager shall take immediate remedial action where the incorrect pricing: (a) is equal or more than 0.5% of the NAV per Unit; and (b) results in a sum of RM10.00 or more to be reimbursed to the affected Unitholder for each purchase or repurchase transaction. Subject to any regulatory requirements, the Manager shall have the right to amend, vary and revise the above said limits or threshold from time to time.
(b) Pricing of Fixed-Price Unit Trust Funds (i) As the units of ASB, ASW 2020, ASM, ASD and AS 1Malaysia are transacted at a fixed price of RM1.00 a unit, it is not necessary to value the units on each Business Day.
(ii) Prices and Charges for Fixed-Price Funds. For ASB, ASW 2020, ASM, ASD and AS 1Malaysia, the buying and selling price of unit is fixed at RM1.00. There are no charges imposed for buying and selling of units of ASB, ASW 2020, ASM and ASD. For AS 1Malaysia the sales charge is up to 1.0% of the invested amount. However, the Manager has the discretion either to waive or to reduce the sales charge.
9.4
SINGLE PRICING POLICY FOR ASN, ASN 2, ASN 3, ASG-Pendidikan, ASG-Kesihatan AND ASG-Persaraan
The Manager adopts the single pricing policy in calculating your investment and repurchase of Units. Single pricing which equates to sales and repurchases quoted and transacted on a single price (i.e NAV per unit), is easier to understand and facilitate investors in comparing the different charges imposed and assist investors in making an informed decision about their choice of investment products. Under the single pricing policy, the selling price for units of a Fund is the NAV per unit. However you will be imposed a sales charge for making an investment in the Fund. As the basis of calculation is historical pricing, the price will be the NAV per unit, calculated at the end of the previous Business Day. Sales Charge of 5% of the NAV per unit will be added as part of the purchase cost.
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1. Making an investment Illustration 1: If you are making an investment: (i) Assuming amount you wish to invest (Investment amount): RM10,000.00 in ASN. (ii) NAV per unit : RM0.5000 (iii) Sales charge : 5% (a) Units issued to you = = = (b) Total sales charge incurred = = = = = = Investment amount NAV per unit RM10,000 RM0.5000 20,000 units Investment amount x 5% RM10,000 X 5% RM500.00
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(c) Total amount payable by you
Investment amount + total sales charge RM10,000 + RM500.00 RM10,500.00
The rounding up of the NAV per unit will be up to four decimal places. The total amount paid will be subjected to the rounding mechanism. Please note that the example above is for illustrative purposes only.
2.
Redeeming an investment Illustration 2: If you are redeeming your investment: (i) Assuming amount you wish to redeem: RM10,000.00 in ASN. (ii) NAV per unit : RM0.5000 (iii) Redemption charge : Nil (a) No of units redeemed = = = (b) Redemption charge (c) Total amount payable to you = = = = Redemption amount NAV per unit RM10,000 RM0.5000 20,000 units Nil No of units redeemed x NAV per unit 20,000 x RM0.5000 RM10,000.00
The rounding up of the NAV per unit will be up to four decimal places. The total amount paid will be subjected to a rounding mechanism.
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3. Making an Investment at Re-Priced NAV
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Illustration 3: Re-Price: However, if the Funds NAV as at the mid-day Valuation Point differs by more than 5% from the NAV as at last Valuation Point, the unit will be re-priced after the start of business of the Bursa Malaysia at 2.30 p.m. You submit an application to invest RM10,000 in ASN 3 at 2.15 p.m.: NAV of ASN 3: Published Price - NAV per unit : RM0.5000 (rounded to 4 decimal places). After the mid-day close of business of the Bursa Malaysia, the NAV of ASN 3 has reduced by 7% compared to the NAV at end of the previous Business Day. Effectively the unit price for the afternoon session (after 2.30 p.m.) will be re-priced as follows: NAV of ASN 3: Re-Priced NAV - NAV per unit : RM0.4650 (rounded to 4 decimal places). Your application will only be processed after 2.35 p.m. (The transactions are suspended from 2.15 p.m. 2.30 p.m. to enable the information on new pricing be transmitted to all ASNB branches and agents) and will be repriced with the new unit price. You can either cancel or proceed with the application at the new price. If you decide to proceed with the transaction, your cost of purchase will be as follows: Your cost of purchase (a) Investment Amount (b) Units allotted = = = = (c) Total sales charge incurred = = = (d) Total amount paid 4. Redee = = = RM10,000.00 Investment Amount NAV RM10,000 RM0.4650 21,505.38 units Investment amount x 5% RM10,000 X 5% RM500.00 Investment amount + total sales charge RM10,000 + RM500 RM10,500.00
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4. Redeeming an investment at Re-Priced NAV
Illustration 4: Redemption You submit an application to redeem RM10,000 of your investments in ASN 3 at 2.15 p.m. After the mid-day close of business of the Bursa Malaysia, the NAV of ASN 3 has reduced by 7% compared to the NAV at end of the previous Business Day. Effectively the unit price for the afternoon session (after 2.30 p.m.) will be re-priced as follows: Re-Priced NAV NAV per unit, rounded to 4 decimal places : RM0. 4650
Your application will only be processed after 2.35 p.m. (The transactions are suspended from 2.15 p.m. 2.30 p.m. to enable the information on new pricing be transmitted to all ASNB branches and agents) and will be repriced with the new unit price. You can either cancel or proceed with the application at the new price. If you decide to proceed with the transaction, the amount you will receive for the redemption will be as follows: Total units redeemed (a) Redemption Units = = (b) Net Redemption proceeds = = = RM10,000 RM0. 4650 21,505.38 units Redemption units X NAV per unit 21,505.38 units X RM0.4650 RM10,000.00
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9.5
TRANSACTION DETAILS
9.5.1 Minimum Initial Investment/Subscription of Units, Additional Investment and Maximum Investment:

9.5.2
Subscription of units shall be made at our ASNB offices which provide full range of services, including cash transactions and branches of our agents throughout Malaysia by completing a registration form. The Minimum Initial Investment is required upon registration. You will need to pay for the purchase on-the-spot. Please refer to Section 3.12 on page 19 for details.
Repurchase/Redemption of Units Redemption of units shall be made by simply completing the redemption form at any of our ASNB offices which provide full range of services, including cash transactions or branches of our agents throughout Malaysia. Payment is made on the spot, except for those who subscribed through EPF Members Investment Scheme where payment is to be made to EPF only. There is no restriction on the frequency of redemption. Switching of Units Betweens Funds Switching can only be made from ASN to ASB, or vice versa, or among the three funds under ASG, namely ASG-Pendidikan, ASG-Kesihatan and ASG-Persaraan. You must complete a switching form to proceed with the switching. There is no fee chargeable for the switching facility. There is no limit for frequency of switching between ASN and ASB. Switching from ASB to ASN is subject to sales charge. However, the switching facility in ASG is limited to 4 times in any financial year. Transfer Ownership of Units Transfer of ownership from the account of the deceased Unitholder to his/her next of kins account will only be undertaken through the process of estate administration which is subject to death claims procedures, as applied by us from time to time. Type of Distribution Channel You can subscribe/purchase and redeem/sell units of ASN, ASN 2, ASN 3, ASG-Pendidikan, ASG-Kesihatan, ASG-Persaraan, ASB, ASW 2020, ASM, ASD and AS 1Malaysia at any of our ASNB offices or branches of our agents throughout Malaysia. For further details on addresses, please refer to the Directory on Sections 18 and 19. You may perform transactions through the online facility via agents websites that have been approved by the SC and subject to the terms and conditions imposed by the agents and ASNB. All transactions made after 5:00 p.m. or on non-Business Day shall be processed on the next Business Day or in accordance with the terms and conditions imposed by the agents. Currently the online facilities are available at Maybank2U and CIMB Clicks website and any other agents appointed by the Manager. The transactions are subject to Funds availability and eligible limit. However, the Manager reserves the right to offer the online facility for any Funds to any of its appointed agents which is subject to change from time to time. Please refer to the respective agent's websites for the details of services provided.
9.5.3
9.5.4
9.5.5
9.5.6
Allocation of Units The Manager has the absolute discretion to offer the units in any manner deemed appropriate.
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9.5.7
Cooling-Off Policy There is no cooling-off period for subscription in the Funds. Creation of units for purchase applications made under the EPF Members Investment Scheme (All investors are required to invest the stipulated Minimum Initial Investment in the Investment Book prior to investing). (a) Condition to be met before unit creation Units for applications made under the EPF Members Investment Scheme shall be created at the point the EPF payments or other official confirmations from the EPF on the approval of such payments are received by the Manager and not on the day the applications are received. (b) Criteria for determination of NAV per unit The NAV per unit is ascertained after such applications, complete with payments or other official confirmations from the EPF on the approval of such payments are received by the Manager. Units are created and allocated to the Unitholders in accordance with the standard procedures in processing Unit purchase applications made in cash/cheques.
9.5.8
9.5.9
Unitholders right You are recognised as a Unitholder of the respective Funds upon receipt of the respective application form and payment (in the case of cheques, upon clearance of cheques) by us. For investment through EPF Members Investment Scheme, you are recognised as a Unitholder of the respective Funds upon clearance of cheques from EPF. Your investments will be evidenced in an Investment Book or certificate, unless the investment was made under the EPF Members Investment Scheme, in which case, the investments will be reflected in a statement, which will be sent to you.
9.6 9.6.1
PAYMENT OF INCOME DISTRIBUTION Method of Computation of Income Distribution

Funds ASN, ASN 2, ASN 3, ASG-Pendidikan, ASG-Kesihatan, ASG-Persaraan ASB, ASM, ASW 2020, ASD and AS 1Malaysia Method of Computation Distributions, if any, are based on units held at the end of the distribution period.
Distributions, if any, are based on the average sum of the minimum monthly balance of your units during the distribution period. Minimum monthly balance for ASB, ASW 2020, ASM, ASD and AS 1Malaysia means the minimum holding of your units during a calendar month from the first day until the end of the month. For AS 1Malaysia only Unitholders at the distribution date are entitled for the distribution.
Any transaction made during the period when the sale and repurchase of units are suspended shall not be eligible for calculation of the income distribution, if any.
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9.6.2
Policy on Unclaimed Monies

Funds ASN, ASN 2, ASN 3 ASG-Pendidikan, ASG-Kesihatan, ASG-Persaraan, ASB, ASW 2020, ASM, ASD and AS 1Malaysia Unclaimed Monies (i) You are advised to present your cheques for income distribution payment within six (6) months of issuance of the cheques.
(ii) All outstanding unpresented cheques will be filed and paid to the Registrar of Unclaimed Monies after the lapse of 12 months from the date of payment, under the provision of The Unclaimed Monies Act, 1965 (Revised 2002). After which any subsequent claims will have to be made directly to the Registrar of Unclaimed Monies.
9.6.3
Reinvestment of Units
9.6.3.1 For ASN, ASN 2, ASN 3, ASG-Pendidikan, ASG-Kesihatan and ASG-Persaraan (Investment Book) Any distribution declared, may automatically be re-invested as additional units in your accounts, without additional cost, subject to availability of the Funds units at our discretion. st Distribution through re-investment of units in your accounts will be effected on the 1 Business Day after the end of the financial year, based on the NAV at the closing of the end of the financial year adjusted for the income distribution. Issuance of free additional units or unit splits arising from capital appreciation during any specified period of the financial year may be made at our discretion, and as approved by the Trustee, subject to availability of units. If all units are fully subscribed, any suitable method of distribution may be considered such as switching to other Funds managed by us at the prevailing NAV or price per unit of the Fund. Alternatively, cheques will be issued and sent to your latest registered address. 9.6.3.2 EPF Members Investment Scheme for ASN 2, ASN 3, ASG-Pendidikan, ASG-Kesihatan and ASG-Persaraan Any distribution will automatically be re-invested as additional units to the EPF Members st Investment Scheme and will be effected on the 1 Business Day after the end of the financial year, based on NAV at the closing of the end of the financial year, adjusted for the income distribution. If the Funds units are fully subscribed, the distribution amount will be paid to the EPF and be credited into your Account 1. 9.6.3.3 For ASB, ASM, ASW 2020, ASD and AS 1Malaysia (Investment Book) Any distribution declared may automatically be re-invested as additional units of the relevant Fund in your Funds accounts subject to availability of the Funds units. Any distribution declared, at our discretion, may automatically be directly credited to your bank account, without additional cost, subject to your approval and instruction in writing. If all units are fully subscribed, any suitable method of distribution may be considered such as switching to other Funds managed by us at the prevailing selling price of the units of the Fund. Alternatively, cheques will be issued and sent to your latest registered address. 9.6.3.4 EPF Members Investment Scheme for ASW 2020, ASD and AS 1Malaysia Any distribution will automatically be re-invested as additional units of the relevant Fund to the EPF Members Investment Scheme. If the Funds units are fully subscribed, the distribution amount will be paid to the EPF and be credited into your Account 1. The effective date for investment in AS 1Malaysia through the EPF Members Investment Scheme will be 25 July 2011.
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9.7
9.7.1
ADDITIONAL INFORMATION
Dissemination of Information to Unitholders The annual report of the respective Funds and the interim report of the variable-price Funds which contains the Manager's report, the Trustee's report, the summarised audited financial statement for the year and the Auditors' report, will be distributed to you within two (2) months of the Funds financial year-end or interim period.
9.7.2
Record Keeping of Documents The Manager will keep the documents in respect of your sale and repurchase of Units of the Fund for a period of seven (7) years from the date of the documents after which the destruction of the documents will be done in accordance with the Managers record management procedures. The registration form will continue to be kept by the Manager for a period of 7 years from the date you cease to be a Unitholder. The Manager shall not be obliged to produce any documents requested by you upon the expiry of the relevant 7 years period.
9.7.3
Information on Current Price per Unit/NAV per Unit The daily prices of units of ASB, ASW 2020, ASM, ASD and AS 1Malaysia, the NAV per unit of ASN, ASN 2, ASN 3, ASG-Pendidikan, ASG-Kesihatan and ASG-Persaraan are published in at least one national Bahasa Melayu newspaper and one national English newspaper and/or ASNB website at www.asnb.com.my. The Manager has taken necessary procedures to ensure accuracy of information of pricing sent to the Bernama, the agency responsible for disseminating the pricing to major newspapers. However, the Manager, would not be held liable for the errors or omission of the printed information on the prices of its Funds in the newspapers. Please take note that we may re-price the prices of ASN, ASN 2, ASN 3, ASG-Pendidikan, ASG-Kesihatan and ASG-Persaraan at 2.30 p.m., if their respective NAVs differ by more than 5% due to material market movement from their NAVs at the previous Valuation Point. If such an event occurs, you are advised to refer to any ASNB office and branch of our agents, to get the latest update.
9.7.4
Customer Service We also provide customer services through our Jabatan Perhubungan Pelanggan dan Ejen (JPPE). You may call the JPPE, at telephone number 03-2057 3000/03-2057 3111 (direct lines) or 03-2050 5500 (general line) and our staff would attend to any queries which you may have. You may also visit our website at www.asnb.com.my for further services and product information or call our ASNB offices located in major towns throughout the country, (please refer to Directory on Section 18), that provides the following services: Cash transactions or subscription and redemption of units. Non-cash transactions such as up-dating your personal particulars, replacement of passbook, switching between ASB and ASN and vice versa, switching between funds under the umbrella of ASG, namely ASG-Pendidikan, ASG-Kesihatan and ASG-Persaraan, bantuan khairat, estate claims, eligibility, updating account and etc. Promotions and marketing of our Unit Trust products. Processing of investment made through EPF Members Investment Scheme and Salary Deduction Scheme.
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9.7.5
Policies Adopted by ASNB to avoid Money Laundering Activities In complying with the Anti Money Laundering and Anti-Terrorism Financing Act 2001, the Board of Directors has approved the following policies and procedures to be administered by ASNB: Screening of transactions equal and above the threshold level from time to time in any of the Funds; Conducting review on the transactions equal and above the threshold level; Reporting of the suspicious transaction to Bank Negara Malaysia by the designated reporting officer.
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9.7.6
Material Contracts
Save as disclosed below, there are no other material contracts (including contracts not reduced into writing), not being contracts entered into in the ordinary course of business, which have been entered into that relate to each of the Funds within two (2) years preceding the date of this Prospectus:
Funds ASN
Supplemental Deeds Ninth Supplemental Deed (Substitution of Trustee) dated 28 May 2008, Tenth Supplemental Deed dated 10 July 2008, Eleventh Supplemental Deed dated 10 June 2010 and Twelfth Supplemental Deed dated 31 May 2011 entered into between ASNB and the Trustee, for the benefit of the Unitholders. Fourth Supplemental Deed (Substitution of Trustee) dated 28 May 2008, Fifth Supplemental Deed dated 10 July 2008, Sixth Supplemental Deed dated 10 June 2010 and Seventh Supplemental Deed dated 31 May 2011, entered into between ASNB and the Trustee, for the benefit of the Unitholders. Second Supplemental Deed (Substitution of Trustee) dated 28 May 2008, Third Supplemental Deed dated 10 July 2008, Fourth Supplemental Deed dated 10 June 2010 and Fifth Supplemental Deed dated 31 May 2011, entered into between ASNB and the Trustee, for the benefit of the Unitholders. Second Supplemental Deed (Substitution of Trustee) dated 28 May 2008, Third Supplemental Deed dated 10 July 2008, Fourth Supplemental Deed dated 10 June 2010 and Fifth Supplemental Deed dated 31 May 2011, entered into between ASNB and the Trustee, for the benefit of the Unitholders. Sixth Supplemental Deed (Substitution of Trustee) dated 28 May 2008, Seventh Supplemental Deed dated 10 July 2008, Eight Supplemental Deed dated 29 October 2008, Ninth Supplemental Deed dated 10 June 2010 and Tenth Supplemental Deed dated 31 May 2011, entered into between ASNB and the Trustee, for the benefit of the Unitholders. Fifth Supplemental Deed (Substitution of Trustee) dated 28 May 2008, Fifth Supplemental Deed dated 10 July 2008, Sixth Supplemental Deed dated 10 June 2010 and Seventh Supplemental Deed dated 31 May 2011, entered into between ASNB and the Trustee, for the benefit of the Unitholders. Third Supplemental Deed (Substitution of Trustee) dated 28 May 2008, Fourth Supplemental Deed dated 10 July 2008, Fifth Supplemental Deed dated 10 June 2010 and Sixth Supplemental Deed dated 31 May 2011, entered into between ASNB and the Trustee, for the benefit of the Unitholders. Third Supplemental Deed (Substitution of Trustee) dated 28 May 2008, Fourth Supplemental Deed dated 10 July 2008, Fifth Supplemental Deed dated 10 June 2010 and Sixth Supplemental Deed dated 31 May 2011, entered into between ASNB and the Trustee, for the benefit of the Unitholders. Deed entered into between ASNB and the Trustee, on 25 June 2009, First Supplemental Deed dated 10 June 2010 and Second Supplemental Deed dated 31 May 2011, for the benefit of the Unitholders.
ASN 2
ASN 3
ASG - Pendidikan ASG - Kesihatan ASG - Persaraan ASB
ASW 2020
ASM
ASD
AS 1Malaysia
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9.7.7
Other Benefits of Investing in Unit Trust Funds
If you have an ASB, ASW 2020, ASD or AS 1Malaysia account, you may invest through a Salary Deduction Scheme. Under this Salary Deduction Scheme, monthly deductions may be made from your salary for investments in ASB, ASW 2020, ASD or AS 1Malaysia, subject to availability of units and terms and conditions of the Salary Deduction Scheme. If you have an ASN 2, ASN 3, ASG-Pendidikan, ASG-Kesihatan, ASG-Persaraan, ASW 2020, ASD or AS 1Malaysia account, you may invest through the EPF Members Investment Scheme subject to availability of units and to the terms and conditions of the EPF Members Investment Scheme. Bantuan khairat to assist the families of deceased Unitholders which is not an entitlement but given at the discretion of the Manager to eligible Unitholders.
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10.
10.1
MANAGEMENT AND ADMINISTRATION

GENERAL INFORMATION ON ASNB
The Management Company of ASN, ASN 2, ASN 3, ASG-Pendidikan, ASG-Kesihatan, ASG-Persaraan, ASB, ASW 2020, ASM, ASD and AS 1Malaysia is ASNB, a wholly-owned subsidiary company of PNB. ASNB was established on 22 May 1979, to manage the Funds launched by PNB. Having been in the industry for more than 30 years, ASNB has a total of 11 funds with total value of Funds of RM137.42 billion as at LPD.
10.2
THE BOARD OF DIRECTORS

ASNB has experienced members on its Board of Directors with backgrounds in investment, finance and management of the public sector. The Board of Directors oversees and ensures that the objectives of the Funds are achieved. It is responsible for establishing the company's policies and guidelines towards meeting the objectives. The Board of Directors meets every two months and more frequently should circumstances require.
Profile of the Board Members

Board Members Tun Ahmad Sarji bin Abdul Hamid (Chairman) (Non-Executive/ Non-Independent) Profile Tun Ahmad Sarji bin Abdul Hamid was appointed to the Board of Directors of ASNB on 4 February 1997, by virtue of his position as the Chairman of PNB. He was appointed as a member of the Investment Committee of ASB on 4 March 1998, of ASM on 3 May 2000, of ASD on 20 April 2001 and of ASN, ASN 2, ASN 3, ASG-Pendidikan, ASG-Kesihatan, ASG-Persaraan on 30 June 2006 and of AS 1Malaysia on 7 July 2009. Prior to his appointment as the Chairman of PNB, Tun Ahmad Sarji was the Chief Secretary to the Government from 1990 to 1996. He was President, Commonwealth Association for Public Administration and Management, from 1996 to 1998. He was conferred by the Government the Tokoh Maal Hijrah for the Islamic year 1420 (1999) and the Director of the Year Award by the Malaysian Institute of Directors in 1999. Tun Ahmad Sarji also represents the PNB Group as Chairman of several other companies. Tun Ahmad Sarji is a graduate of the University of Malaya, Harvard University, the United States of America, and the Institute of Social Studies, The Hague, Netherlands. He was conferred the Honorary Degrees of Doctor of Science (Management) by Universiti Utara Malaysia, Doctor of Business Administration by the Nottingham-Trent University, the United Kingdom, Doctor of Letters by the University Malaysia Sarawak, and Doctor of Management by the International Islamic University, Malaysia. He was appointed Chairman of the Second National Economic Consultative Council. Tun Ahmad Sarji is a member of the Board of Trustees, Oxford Centre for Islamic Studies and the Asian Institute of Management, Manila, the Philippines; and jointChairman, Malaysia Centre for Commonwealth Studies, University of Cambridge, the United Kingdom.
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Board Members Tan Sri Dato Sri Hamad Kama Piah bin Che Othman (Executive/ Non-Independent)
Profile Tan Sri Dato Sri Hamad Kama Piah bin Che Othman was appointed an Executive Director of ASNB on 3 June 1998, following his appointment as the Group Chief Executive of PNB on 24 January 1998. On 26 February 2002, Tan Sri Dato Sri Hamad Kama Piah was appointed the Group Managing Director/Group Chief Executive of PNB, and subsequently renamed President and Group Chief Executive. He was appointed as a member of the Investment Committee of ASN on 27 February 1998, of ASB on 4 March 1998, of ASN 2 on 30 June 1999, of ASM on 3 May 2000, of ASD on 20 April 2001, of ASN 3 on 28 September 2001 and of ASG-Pendidikan, ASG-Kesihatan, ASG-Persaraan on 12 March 2003 and of AS 1Malaysia on 7 July 2009. Tan Sri Dato Sri Hamad Kama Piah has been with PNB since 1979. Prior to his present appointment, Tan Sri Dato Sri Hamad Kama Piah held various senior positions at PNB.
Tan Sri Dato Sri Hamad Kama Piah sits on the Board of Directors of a number of Malaysian public and private companies. A graduate of Universiti Teknologi Mara, Tan Sri Dato Sri Hamad Kama Piah also holds a Masters Degree from the University of Wales, Swansea, United Kingdom. Tan Sri Dato Sri Hamad Kama Piah is also a Senior Fellow of the Financial Services Institute of Australasia, a certified Financial Planner with the Financial Planning Association of Malaysia and a Registered Financial Planner with the Malaysian Financial Council.
Tan Sri Dato Dr. Wan Mohd. Zahid bin Mohd. Noordin (Non-Executive/ Independent)
Tan Sri Dato Dr. Wan Mohd. Zahid bin Mohd. Noordin was appointed as a Director of PNB on 22 October 1998, and as a Director of ASNB on 3 August 1999. Tan Sri Dato Dr. Wan Mohd. Zahid holds a Bachelor of Arts Degree from the Universiti of Malaya, Master of Arts Degree from Stanford University, Palo Alto, California, the United States of America, and Ph.D. from the University of California, Berkeley, United States of America. He also attended the Advanced Management Programme at Harvard Business School, the United States of America. In 1997, Tan Sri Dato Dr. Wan Mohd. Zahid was conferred the Doctor of Law Honoris Causa by the University of Lancaster, the United Kingdom. Tan Sri Dato Dr. Wan Mohd. Zahid has more than 30 years of experience in the Malaysian education service. He held the post of Director-General of Education of Malaysia in 1993, and was appointed Advisor with Special Functions to the Minister of Education in 1998. He was also an advisor to Sekolah Bahasa Teikyo. He was a consultant to the Institute of Innovation and Technology, Manila, the Philippines, the UNICEF Research Project on Pre-school Education in Malaysia, and had been a Council Member of the International Bureau of Education in Geneva, Switzerland, and the Islamic Scientific, Educational, Social and Cultural Organisation in Rabat, Morocco. In September 1999, he was appointed by UNESCO to serve as consultant to the Ministry of Education, Saudi Arabia, when that country embarked on an education reform initiative. Tan Sri Dato Dr. Wan Mohd. Zahid is the Chairman of several companies. He had also served as Deputy Chairman of International Bank Malaysia Berhad until the merger of the bank.
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Board Members Tan Sri Dato Md. Desa bin Pachi (Non-Executive/ Independent)
Profile Tan Sri Dato Md. Desa bin Pachi was appointed to the Board of Directors of ASNB on 13 July 1979. Tan Sri Dato Md. Desa is a Chartered Accountant and was admitted as an Associate Member of the Institute of Chartered Accountants, Australia, in 1962, and a Fellow of the Institute of Chartered Accountants, Australia in 1974. He studied accountancy in Melbourne, Australia, under a Colombo Plan Scholarship. He joined Shell Group of Companies in 1962 and served in various capacities in the Finance Administration. From 1970 to 1976, he was in public practice as a Chartered Accountant and was a partner of Desa Megat & Co and KPMG Peat Marwick. Subsequently, he was appointed as the first Chief Executive Officer of PNB and later served as Chairman/Chief Executive Officer of Malaysia Mining Corporation Berhad, Executive Chairman of Fleet Group Sdn. Berhad, Chairman/Managing Director of The New Straits Times Press (Malaysia) Berhad, Chairman of Sistem Televisyen Malaysia Berhad and Chairman of Bumiputra-Commerce Holdings Berhad. He is also a Director on the Boards of Directors of several other companies and a fellow of the Malaysian Institute of Management. He was appointed as a member of the Investment Committee of ASN, ASN 2, ASN 3, ASG-Pendidikan, ASG-Persaraan and ASG-Kesihatan on 30 June 2006, of ASB, ASM, ASD on 17 March 2009 and of AS 1Malaysia on 7 July 2009.
Tan Sri Ainum binti Mohamed Saaid (Non-Executive/ Independent)
Tan Sri Ainum binti Mohamed Saaid was appointed to the Board of Directors of ASNB on 8 April 2009. She also sits on the Board of Directors of PNB and Pelaburan Hartanah Nasional Berhad. Tan Sri Ainum holds a Bachelor Degree in Law from the University of Singapore and a Masters Degree in Law (Magna Cum Laude) from the University of Brussels. Tan Sri Ainum was Deputy Chief Executive in the SC from 1999 to 2001, and served as Attorney General in 2001. She joined the private sector as an Executive Director in Pengkalan Holdings Berhad in 1996. She served as Group Legal Advisor for the Corus Hotels Group UK and later joined Laura Ashley UK in 2002. She was then appointed Laura Ashley UKs Joint Chief Executive Officer and resigned as its Chief Executive Officer in January 2005. Tan Sri Ainum was appointed as an Independent Non-Executive Director of Sime UEP Properties Berhad from March 2005 to November 2007.
Dato Idris bin Kechot (Executive/ Non-Independent)
Dato Idris bin Kechot was appointed as an Executive Director of ASNB on 1 April 2005. He obtained his Bachelor of Science Degree in Agribusiness from the Universiti Putra Malaysia in 1983. In 1987, Dato Idris secured his Master Degree in Business Administration specialising in Finance from the University of Stirling, United Kingdom. In 2006, he attended an Accelerated Development Programme at London Business School, United Kingdom. He started his career in 1983 as an Investment Analyst at the Corporate Research Department of PNB, undertaking industry and sectoral research. In 1988, he joined the Investment Division of PNB as an Equity Dealer, responsible for the equity investment activities. His vast experience incorporates equity valuation, equity trading and portfolio management of the proprietary and the unit trust portfolios.
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He had also undergone extensive training and attachment programs both locally and overseas, in the areas of equity valuation, portfolio management and general management development. To further strengthen his skills and knowledge in the area of investment management, Dato Idris had obtained qualification as a Certified Financial Planner (CFP). He sits on the Boards of Directors of several other companies.
10.3
COMPANY SECRETARY
Profile With effect from 3 October 2006, Puan Adibah Khairiah binti Ismail @ Daud was appointed as the Company Secretary of ASNB. She holds a Bachelor of Commerce from Australian National University. She is a Chartered Accountant and is a member of the Malaysian Institute of Accountant since 1999. Puan Adibah started her career with Coopers & Lybrand, Public Accountants, from 1988 to 1994. She had served Sapura Holdings Sdn. Berhad as Audit Manager from 1994 to 1997, and subsequently served Sapura Industrial Berhad from 1997 to 1999, as Head of Internal Audit. She had also served Percon Corporation Sdn. Berhad as Financial Controller cum Company Secretary from 2002 to 2005. She joined PNB in 2005 and was seconded to Pelangi Berhad, as Chief Financial Officer. Puan Adibah is presently attached to the Company Secretarys Department of PNB since October 2006. She sits on the Board of Directors of several companies.
Company Secretary Puan Adibah Khairiah binti Ismail @ Daud (MIA 13755) - Company Secretary
10.4
KEY MANAGEMENT STAFF Profile of the Key Management Staff
Key Management Dato Idris bin Kechot - Executive Director Encik Kamarul Baharin bin Mohd. Daud - Senior Vice-President I, Unit Trust Operations Department
Profile (as afore-mentioned)
Encik Kamarul Baharin bin Mohd. Daud holds a Masters in Business Administration Degree from the Asian Institute of Management. He joined PNB in 1984 and has served as investment analyst, money market dealer, share trading dealer and portfolio manager in the Investment Operations Division. In 1997, he has served as head of the Investment Processing and Procurement Department. Presently, he is in charge of the Unit Trust Operations Department, ASNB. He sits on the Board of Directors of several companies. He is also a Certified Financial Planner.
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Key Management Encik Mohammad bin Hussin - Senior Vice-President II, Marketing and Branch Operations Department
Profile Encik Mohammad bin Hussin holds a Master in Business Administration from Cranfield University, United Kingdom in 1990 and BBA (Marketing) from University of Portland, Oregon, United States of America in 1984. He has served in several organisations prior to the current position in ASNB. He was the Corporate Planning Manager of Federal Power Sdn. Berhad in 1990, and later moved to Edaran Otomobil Nasional Berhad (EON) as the Special Assistant to Managing Director in 1993 to 1998. He was attached to UMW Toyota Motor in 2000 as Head of Corporate Communications Department before moving to PNB as the Senior Vice-President II of Corporate Communications Department. In August 2005, he was among the first batch of PR Practitioners in Malaysia who was accorded Accredited Practitioner Status APR from Institute of Public Relation Malaysia (IPRM). He is also a Registered Financial Planner with Malaysian Financial Planning Council (MFPC). He sits on the Board of AMWAY (Malaysia) Holdings Bhd as well as SBC Corporation Bhd as a director. Puan Siti Norilah binti Shamsul Bahri holds a Bachelor of Business Administration Degree majoring in Finance and Economics from Memphis State University, United States of America (USA). Prior to joining PNB in 2006, she was an Assistant Vice-President with CIMB Bank in the Retail Banking Department. She started her career in banking with RHB Bank (then Kwong Yik Bank) more than 20 years ago, and had been exposed in many different departments namely Branch Operations, Marketing & Product Management, Investment Services and Branch Network/Channel Management. Currently, she heads the Customer and Agent Relations Department of ASNB. Encik Kamaldeen bin NM Abdul Kader is a member of the Malaysian Institute of Certified Public Accountants (MICPA). He joined PNB in 1989 as a consultant of PNB Corporate Development Sdn. Berhad, and subsequently worked in the Investment Division of PNB. He was transferred to the Accounts Department, ASNB, in January 2002. He sits on the Board of Directors of a company.
Puan Siti Norilah binti Shamsul Bahri - Assistant Vice-President, Customer and Agent Relations Department
Encik Kamaldeen bin NM Abdul Kader - Assistant Vice-President, Accounts Department
10.5
SENIOR COMPLIANCE OFFICER

Profile Encik Paisol bin Ahmad is the designated Senior Compliance Officer. He is also the Senior Vice-President I, Head of Financial Management Audit and Risk Management Division of PNB. Encik Paisol is a Fellow of the Association of Chartered Certified Accountants (United Kingdom), a member of the Malaysian Institute of Accountants and a Fellow of Financial Services Institute of Australasia (FINSIA). Encik Paisol has more than 15 years of experience in the unit trust industry having served in various senior positions within PNB since 1993. Encik Paisol is a Certified Financial Planner. He is also a registered compliance officer with the Securities Commission Malaysia. He sits on the Board of Directors of several companies.
Senior Compliance Officer Encik Paisol bin Ahmad - Senior Vice-President I/ Senior Compliance Officer
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10.6
FINANCIAL INFORMATION ON ASNB

The following is the summary of the past performance of ASNB based on its audited accounts for the last three years from 2008 to 2010: Year Ended 31 December RM000 2010 Paid-up capital Shareholders funds Revenue Pre-tax profit Profit After Tax & Zakat 30,000 234,655 653,888 301,596 222,797 RM000 2009 30,000 276,858 529,220 209,054 155,474 RM000 2008 30,000 256,130 429,993 157,587 114,708
10.7
ROLES, DUTIES AND RESPONSIBILITIES OF THE MANAGEMENT COMPANY
To manage and administer the Funds in a proper, diligent and efficient manner, in accordance with the Deeds and prospectus of the Funds, the Guidelines and securities laws, and acceptable and efficacious business practice within the unit trust industry. To act with due care, skill and diligence in managing the Funds, and effectively employ the resources and procedures necessary for the proper performance of the Funds. To observe high standards of integrity and fair dealing in managing the Funds to the best and exclusive interest of unitholders. To take all necessary steps to ensure that the assets of the Funds are adequately protected and properly segregated. To account to the Trustee for any loss suffered by the Funds as a result of our failure to exercise the degree of care and diligence required in managing the Funds.
10.8
FUNCTIONS OF THE INVESTMENT COMMITTEES OF THE FUNDS 10.8.1 The Investment Committees of Funds are responsible for the following:
To provide broad investment policies and guidelines for effective and efficient management of the Funds, incorporating good corporate governance and best practices in managing the Funds. To provide guidance in meeting the objectives of the Funds and ensure competitive returns to the Unitholders. To approve investment plans and strategies for the short-term, medium-term and long-term horizons so as to enhance and maximise the value of the investment portfolio. To approve the proposed allocation of Funds between different categories of assets so as to be in line with the prevailing investment strategy under varying economic and market conditions.
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To approve the selection of the investment universe for the portfolio. To approve guidelines for the trading activities, including the setting of exposure limits of stocks or bond holding, daily purchases and sales and cash placements. To approve the appointment or termination of panel of stockbrokers and financial institutions. To consider all matters deemed appropriate.
On average, the respective Investment Committee meets once a month but may meet more frequently if necessary.
10.8.2 Members of the Investment Committees

ASN, ASN 2, ASN 3, ASG-Pendidikan, ASG-Kesihatan, ASG-Persaraan, ASB, ASM, ASD and AS 1Malaysia 1. Tun Ahmad Sarji bin Abdul Hamid Chairman, (Non-Independent Member) 2. Tan Sri Dato Sri Hamad Kama Piah bin Che Othman (Non-Independent Member) 3. Tan Sri Dato Md. Desa bin Pachi (Independent Member) 4. Dato Dr. Abdul Halim bin Ismail (Independent Member)
ASW 2020
1. Dato Dr. Abdul Halim bin Ismail Chairman (Independent Member) 2. Tan Sri Faizah binti Mohd Tahir (Independent Member) 3. Encik Sreesanthan a/l Eliathamby (Independent Member)
10.8.3 Profile of Members of the Investment Committees of ASB, ASM, ASD, AS 1Malaysia, ASN, ASN 2, ASN 3, ASG-Pendidikan, ASG-Kesihatan and ASG-Persaraan
Members Tun Ahmad Sarji bin Abdul Hamid Tan Sri Dato Sri Hamad Kama Piah bin Che Othman Tan Sri Dato Md. Desa bin Pachi Dato Dr. Abdul Halim bin Ismail Profile (as afore-mentioned) (as afore-mentioned)
(as afore-mentioned) Dato Dr. Abdul Halim bin Ismail was appointed as a member of the Investment Committee of ASB on 4 March 1998, of ASM on 3 May 2000, of ASD on 20 April 2001, of ASN, ASN 2, ASN 3, ASG-Pendidikan, ASGKesihatan, ASG-Persaraan on 17 March 2009, of AS 1Malaysia on 7 July 2009 and of ASW 2020 on 27 April 2010. Dato Dr. Abdul Halim holds a Bachelor of Arts (Hons.) Degree in
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Profile Economics from the University of Malaya and Doctor of Philosophy (D. Phil.) in Economics from University of Oxford, the United Kingdom. He has been deeply involved in Islamic Banking, Takaful and Capital Market.
10.8.4 Profile of the Members of the Investment Committee of ASW 2020

Members Dato Dr. Abdul Halim bin Ismail Tan Sri Faizah binti Mohd Tahir Profile (as afore-mentioned) Tan Sri Faizah binti Mohd. Tahir was appointed as a member of the Investment Committee of ASW 2020 on 27 April 2010. She is a graduate with a Bachelor in Economics from the University of Malaya and obtained her Masters in Development Economics from Williams College, the United States of America. Tan Sri Faizah was the Secretary General of the Ministry of Women, Family and Community Development of Malaysia since the establishment of the Ministry in 2001 until her retirement in 2009. She had served in government departments for more than 35 years, in the administration and diplomatic service. She has vast experience in the area of public administration and management. Tan Sri Faizah also sits on the Board of Directors of several companies. Encik Sreesanthan a/l Eliathamby Encik Sreesanthan was appointed as a member of the Investment Committee of ASW 2020 on 5 June 2001. Encik Sreesanthan is an Advocate & Solicitor and a Partner with the legal firm of Messrs. Kadir, Andri & Partners. He was formerly a Legal Assistant and later a Partner with the legal firm of Messrs. Zain & Co. Subsequent to that, he was a Partner in the legal firm of Messrs. Zul Rafique & Partners. He is an accredited mediator of the Malaysian Mediation Centre, a member of the Listing Committee of Bursa Malaysia Berhad and a member of the Investigating Tribunal Panel of the Advocates and Solicitors Disciplinary Board. Encik Sreesanthan graduated with a first class honours Degree in Law from the University of Malaya in 1987 and was called to the Malaysian Bar in March 1988. He later obtained a post-graduate Degree in Law at the University of Oxford, the United Kingdom, and was conferred the B.C.L in 1991.
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10.9
THE INVESTMENT MANAGER 10.9.1 PERMODALAN NASIONAL BERHAD (Investment Manager of the Funds)
PNB has been entrusted by ASNB to manage the investments of the Funds. Established in 1978 as one of the vehicles of the New Economic Policy, PNB has made considerable success in promoting share ownership of the Bumiputera in the corporate sector through its Funds. With more than 30 years of experience in fund management, PNB has a proven track record whereby returns from its Funds have benefited Malaysians from all walks of life from the age of six months and above. As at LPD, PNB manages total funds of RM193.8 billion. ASNB assesses the performance of PNB as the Investment Manager of the Funds based on the investment mandates, objectives and other functions as stipulated in the Investment Management Agreements signed between ASNB and PNB, taking into consideration the relevant market and industry benchmarks. Profile of the Key Management Staff of PNB
Key Management Staff Tan Sri Dato Sri Hamad Kama Piah bin Che Othman Puan Adibah Khairiah binti Ismail @ Daud (MIA 13755) Company Secretary Datin Paduka Jamiah binti Abdul Hamid Deputy President, Corporate and International
Profile (as afore-mentioned)
(as afore-mentioned)
Datin Paduka Jamiah binti Abdul Hamid started her career in 1982 as the first batch of management trainee with PNB. Having served 29 years in the organization, Datin Paduka Jamiah has accumulated extensive experience and expertise through the various positions held in the areas of investment operations, corporate finance, corporate communication, human resource and international fund. She received her tertiary education abroad (University of Northern IIIinois, B.Sc (Finance) and locally (UKM, MBA). Currently, she is a director of several of PNB investee companies and also a holder of a Capital Market Services Representatives Licence and is a Certified Financial Planner. Today, Datin Paduka Jamiah is the Deputy President, Corporate and International of PNB.
INVESTMENT DIVISION OF PNB The Investment Division of PNBs main responsibility is in managing the variable-price and fixed- price Funds namely ASN, ASN 2, ASN 3, ASG-Pendidikan, ASG Kesihatan, ASG-Persaraan, ASB, ASW 2020, ASM, ASD, AS 1Malaysia and PNB Structured Investment Fund. Its investment process incorporates fundamental, research-driven and team-based investment decisions which are guided by the Investment Committee of the abovementioned unit trust funds. The portfolio management team formulates and recommends the investment strategies of the funds in accordance with the investment mandates based on optimal asset allocation strategies and diversification. These strategies are executed by the equity and fixedincome dealing teams. The division is well supported by a team of analysts that performs the securities evaluation process which incorporates economic, industry, sector, financial and credit analysis. As at LPD, the investment Division has staff strength of 65 persons. The investment professional are segregated into a team of 19 professionals in the portfolio management team, 8 professionals in the equities trading team, 5 professionals in the fixed-income investment team, 24 analysts in the Investment Evaluation Department
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and 8 support staff. These professionals continually strive to meet the expectation of unitholders of funds under PNBs management in carrying out their duties. The Investment Division of PNB and its related areas have been awarded MS ISO 9001-2000 certification for its investment process. Profile of Key Management Staff of the Investment Division of PNB (Investment Manager of the Funds) Key Management Staff Encik Wan Roshdi bin Wan Musa Executive Vice President/ Chief Investment Officer PNB Profile Encik Wan Roshdi bin Wan Musa, the designated Fund Manager for the investment management of the Funds. Encik Wan Roshdi bin Wan Musa, is presently the Head of Investment Division of PNB. He holds a Masters Degree in Business Administration, a Bachelor of Science in Finance from United States of America and a Diploma in Accountancy from Universiti Teknologi MARA. Encik Wan Roshdi is a licensed fund manager and also a qualified Certified Financial Planner (CFP). He started his career in 1985 at the Corporate Finance and Corporate Services Department of PNB, rising to a position of Head of Department. In 2003, Encik Wan Roshdi was transferred to the Investment Division of PNB to assist the Senior VicePresident in supervising the investment evaluations, market operations and portfolio management of the proprietary and unit trust funds. He also sits on the Board of Directors of several companies. Encik Abdul Rahim Ahmad, Vice-President I, is presently the Head of Portfolio Management Department of Investment Division of PNB. He holds a Bachelor Degree in Statistics from Universiti Kebangsaan Malaysia and a Graduate Diploma in Applied Finance and Investment from Financial Services Institute of Australasia. Encik Abdul Rahim is a holder of Capital Market Services Representatives Licence, a fellow member of Financial Services Institute of Australasia (F.Fin) and a qualified Certified Financial Planner (CFP). He started his career at PNB in 1991 as an Investment Analyst in the Investment Operations Department. Presently, he is responsible for the overall operations of Portfolio Management Department and supervises the daily fund management of PNBs proprietary fund and all funds managed by PNB.
Encik Abdul Rahim bin Ahmad Vice-President I, Portfolio Management Department
FINANCE AND INVESTMENT PROCESSING DIVISION OF PNB The Finance and Investment Processing Division that consists of the Finance Department and the Investment Processing Department is headed by its Chief Financial Officer, Dato Mohd. Nizam bin Zainordin. The Finance Department carries the main finance and accounting functions of PNB while the Investment Processing Department carries the responsibility of settling the transactions related to equities trading, money market and various corporate actions for investments of all the Unit Trust Funds.
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Profile of Key Management Staff of the Finance and Investment Processing Division of PNB Key Management Staff Dato' Mohd Nizam bin Zainordin Chief Financial Officer PNB Profile Dato' Mohd Nizam bin Zainordin holds an Executive Masters in Business Administration from the Asian Institute of Management. He is also a Fellow of the Association of Chartered Certified Accountants, the United Kingdom (FCCA) and is a member of the Malaysian Institute of Accountants. He first joined PNB in 1994. Dato Mohd Nizam Zainordin sits on the Board of Directors of several listed and unlisted companies. He is also a qualified Certified Financial Planner (CFP).
FINANCIAL MANAGEMENT AUDIT AND RISK MANAGEMENT DIVISION OF PNB Profile of Key Management Staff of the Financial Management Audit and Risk Management Division of PNB Key Management Staff Encik Paisol bin Ahmad Senior Vice-President I / Senior Compliance Officer Profile (as afore-mentioned)
LEGAL DEPARTMENT OF PNB Profile of Key Management Staff of the Legal Department of PNB Key Management Staff Puan Norlin binti Abdul Samad Vice-President I, Legal Department Profile Puan Norlin binti Abdul Samad holds a LLB (Hons) from the University of London and a Barrister-At-Law, Lincoln's Inn. She has been called to both the English and Malaysian Bars. Puan Norlin has also attended the Advanced Management Programme (AMP) at INSEAD, France. Puan Norlin was appointed the Head of Legal Department, PNB in November 2007. Prior to joining PNB, Puan Norlin held the position of Company Secretary/Director, Group Legal and Human Resources of Golden Hope Plantations Berhad where she served for more than 16 years. She was an Associate Partner in a legal firm and Company Secretary/Head of Personnel of Komplek Kewangan Malaysia Berhad prior to joining Golden Hope Plantations Berhad. Puan Norlin is also a Licensed Company Secretary and sits on the Board of Directors of an associate company of PNB.
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INFORMATION TECHNOLOGY DIVISION OF PNB Profile of Key Management Staff of the InformationTechnology Division of PNB Key Management Staff Encik Mohd Zaki bin Talib Vice-President I, IT Division Profile Encik Mohd Zaki bin Talib is presently the Head of Information Technology Division in PNB. He holds a Bachelor's Degree in Computer and Communication Science from the University of Michigan, Ann Arbor, USA and a Diploma in Computer Science from the University Technology MARA (UiTM). Prior to joining PNB in 2005, he was the Chief Operating Officer (COO) of UMW E-Technologies Sdn Bhd, a subsidiary of the UMW Group. He had also served in various positions in CELCOM, MAXIS and Petroliam Nasional Berhad. He is also a PNB nominee board member in CARSEM (M) Sdn Bhd and RECAMS Sdn Bhd (formally known as Carsem Semiconductor Sdn Bhd).
10.9.2 FUNCTIONS OF THE INVESTMENT MANAGER

The main functions of the Investment Manager of the Funds are as follows: To manage the Funds in accordance with the investment guidelines, Deeds, securities laws and Guidelines. To meet the objectives of the Funds through the formulation of appropriate investment strategies, asset allocation and selection of stocks and other investment instruments in order to ensure you receive competitive returns. To continuously enhance and maximise value of the Funds through regular restructuring and rebalancing of the investment portfolios. To abide by the internal investment policies and procedures in safeguarding and promoting your best interests. To provide accurate information to enable us to deal with and report to all necessary authorities and bodies on all matters pertaining to or arising out of the management of the Funds as requested by the relevant laws, regulations and guidelines. To maintain proper up-to date records of all acts and matters undertaken related to the management of the Funds.
The Investment Manager of the Funds reports to the Board of Directors of ASNB and the respective Investment Committees of the Funds.
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RETIREMENT, REMOVAL OR REPLACEMENT OF THE MANAGEMENT COMPANY

The Management Company may retire from its post and be replaced with some other qualified management company approved by the Trustee after the following conditions under the law have been satisfied: i. The retiring Management Company shall appoint a corporation to replace in writing and under the seal of the retiring Management Company as the new Manager of the Fund. The new Manager will be assigned all the rights and duties of the former Management Company; The qualified and approved newly appointed management company must enter into the deed; Once the retiring Management Company pays all sums due to the Trustee, the retiring Management Company will no longer be held accountable and be released from any future obligations as a Management Company of the Fund.
ii. iii.
The present Management Company may be removed in any of the following events: i. According to Section 301 of the Act, the Management Company may be removed by the Trustee as soon as the Trustee becomes aware that the Management Company: Has failed or is unable to carry out its duties as required by the Trustee, and for any other reasons to ensure the interest of the Unitholders are protected; or Is in liquidation; or Is under receivership or has ceased to carry on business; or Has failed to comply with any provisions of the Deed, the Act and other relevant laws. ii. If an extraordinary resolution is passed by the Unitholders that the Management Company be removed. The appointment of the new Management Company must first be approved by the SC. Once approval is obtained, the new Management Company will enter into a deed or deeds (on the advice of the Trustee) to ensure that the Management Company performs its duties as Manager during the remainder of the period of the Fund.
10.11
POWERS OF THE MANAGEMENT COMPANY TO REMOVE THE TRUSTEE

The Trustee may be removed and another Trustee may be appointed by an extraordinary resolution of the Registered Holders at a duly convened meeting of which notice has been given to the Trustee and Management Company. The Management Company will summon a meeting of Registered Holders for the purpose of considering and if thought fit, passing a resolution for the removal of the Trustee in the event that the Registered Holders request the Management Company to do so, in the manner as stated in the Deed of the respective Funds. Pursuant to Section 299 of the Act, it is the duty of the Management Company to remove the Trustee as soon as it becomes aware that the Trustee: i. ii. iii. iv. Has ceased to exist; Has not been validly appointed; Is not eligible to be appointed or to act as trustee under Section 290 of the Act; Has failed or refused to act as trustee in accordance with the provisions or covenants of the Deed or the provisions of the Act;
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v.
Is under investigation for conduct that contravenes the Trust Companies Act 1949, the Trustee Act 1949, the Companies Act 1965, or any securities law; When a receiver is appointed over the whole or substantial part of the assets or undertaking of the existing trustee and has not ceased to act under that appointment; or
vi.
vii. A petition is presented for the winding up of the Trustee.
10.12
DISCLOSURE OF CURRENT MATERIAL LITIGATION AND ARBITRATION The Management Company and the Investment Manager are not engaged in any material litigation, claim or arbitration, either as a plaintiff or defendant, and the Management Company and the Investment Manager have no knowledge of any proceeding pending or threatened or of any material fact likely to give rise to any proceeding which might materially and adversely affect their financial position or business.
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11.1
TRUSTEE
GENERAL INFORMATION
AmanahRaya Trustees Berhad (ART) was incorporated under the Companies Act 1965 on 23 March 2007 and registered as a trust company under the Trust Companies Act 1949. ART is a subsidiary of Amanah Raya Berhad (ARB) which is wholly owned by the Minister of Finance (Incorporated). ART took over the corporate trusteeship functions of ARB and acquired ARBs experience of more than 45 years in trustee business. ART has been registered and approved by the SC to act as Trustee to unit trust funds and has 152 unit trust funds under its trusteeship. As at LPD, ART has 78 staff (55 Executives and 23 NonExecutives). ART has an authorised capital of RM5,000,000. Its issued and paid-up share capital is RM2,000,000 and RM1,000,000 respectively. The shareholders of ART are: Amanah Raya Berhad (344986-V) Amanah Raya Nominees (Tempatan) Sdn Bhd (434217-U) Amanah Raya Capital Sdn Bhd (549057-K) AmanahRaya Capital Group Sdn Bhd (760289-U) AmanahRaya Modal Sdn Bhd (760322-X) Amanah Raya Nominees (Asing) Sdn Bhd (684546-P) % of equity 20 20 20 20 10 10
11.2
FINANCIAL INFORMATION
The following is a summary of the past performance of ART based on audited financial statements for financial year ended 31 December since its incorporation on 23 March 2007: 31 December 2008 (RM 000) 1,000 5,999 17,282 11,783 8,597 31 December 2009 (RM 000) 1,000 3,624 20,024 14,340 10,625 31 December 2010 (RM 000) 1,000 3,214 24,847 18,265 13,590
Paid-up share capital Shareholders funds Turnover Pre-tax profit/loss After tax profit/loss
11.3
BOARD OF DIRECTORS
Datuk Idrus bin Harun Chairman (Independent) Hajjah Habsah binti Bakar Director / Chief Executive Officer (Non-Independent) Dato Ahmad Rodzi bin Pawanteh Director (Non-Independent) Datin Aminah binti Pit Abd Raman Director (Independent) Puan Alina binti Hashim Director (Non-Independent) Tuan Haji Ab. Gani bin Haron Director (Independent) Dato Haji Ahmad Kamal bin Abdullah Al Yafii Director (Independent) Encik Zainudin bin Hj. Suhaimi Alternate Director to Hajjah Habsah binti Bakar
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11.4
KEY MANAGEMENT STAFF

Hajjah Habsah binti Bakar Chief Executive Officer Encik Zainudin bin Hj. Suhaimi General Manager Encik Arzlee bin Abdul Rahman Assistant General Manager Encik Zainul Abidin bin Hj. Ahmad Company Secretary Encik Azril bin Abd Kadir Compliance and Audit Senior Manager Encik Mohd Sofian bin Hj. Kamaruddin Operation Senior Manager Puan Wan Zaleha binti Wan Kamarul Zaman Legal Manager Encik Ahmad Zamil bin Shaharuddin Marketing and Business Development Manager Encik Mohd Aziyan bin Abdullah Finance and Accounts Manager Cik Fazila Banoo binti Manzur Elahi Chief Executive Officers Office Manager
11.5
DUTIES AND OBLIGATIONS The role of ART, as the Trustee, is to safeguard the rights and interests of the Unitholders by ensuring that the Manager performs its duties and obligations in accordance with the Deed, the Act, the Guidelines and other relevant laws. The Trustee acts on behalf of each Unitholder by monitoring the actions of the Manager, and by having custodianship of the Fund through the holding of the investments of the Fund in trust for the Unitholders. The Trustee is responsible: To act as custodian of the assets of the Fund; To act with due care, skill, diligence and vigilance, and act in accordance with the Act, the Deed, the Guidelines and securities laws in carrying out its duties and responsibilities; To ensure at all times, through proper and adequate supervision, ensure that the Fund is managed and administered by the Manager in accordance with the Act, the Deed, the Guidelines and securities laws and acceptable and efficacious business practices within the unit trust industry; To ensure that it is fully informed of the investment policies of the Fund as set by the Manager, and of any changes made thereto; To notify the SC immediately of any irregularity, any breach of the provisions of the Act, the Deed, the Guidelines or securities laws and any other matter properly regarded by the Trustee as not being in the interests of the Unitholders; To ensure that the systems, procedures and processes employed by the Manager to value and/or price the Fund or the Units of the Fund are adequate, and that such valuation/pricing is carried out in accordance with the Act, the Deed, the Guidelines and securities laws; To ensure that the sale, repurchase, creation and cancellation of Units of the Fund are carried out in accordance with the Act, the Deed, the Guidelines and securities laws; To submit or make available any statements, documents, books, records and other information relating to the Fund and the business of the Trustee or such periodical returns, as may be required by the SC from time to time; To take all steps to effect any instructions properly given by the Manager as to the acquisition or disposal of, or the exercise of the rights attaching to, the assets of the Fund; and To maintain and ensure that the Manager maintains proper accounting records and other records as are necessary to enable a complete and accurate view of the Fund to be formed and to ensure that the Fund is managed and administered in accordance with the Deed of the Fund, the guidelines and securities laws.
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11.6
RETIREMENT, REMOVAL AND REPLACEMENT

The Trustee may retire upon giving 12 months notice to the Manager of its desire to do so, or such shorter period as the Manager and the Trustee shall agree, and may by deed appoint in its stead a new trustee approved by the SC. Pursuant to Section 299 of the Act, it is the duty of the Manager to remove the Trustee as soon as it becomes aware that the Trustee:
Has ceased to exist; Has not been validly appointed; Is not eligible to be appointed or to act as Trustee under Section 290 of the Act; Has failed or refused to act as Trustee in accordance with the provisions or covenants of the Deed or the provisions of the Act; Is under investigation for conduct that contravenes the Trust Companies Act, 1949, the Trustee Act, 1949, the Companies Act, 1965, or any securities laws; When a receiver is appointed over the whole or a substantial part of the assets or undertaking of the existing trustee and has not ceased to act under the appointment or a petition is presented for the winding up of the existing Trustee (other than for the purpose of and followed by a reconstruction, unless during or following such reconstruction the existing trustee becomes or is declared to be insolvent).
The Trustee may be removed and another trustee (duly approved as aforesaid) may be appointed by a special resolution of the Unitholders at a duly convened meeting of which notice has been given to the Trustee and the Manager. The Manager will summon a meeting of the registered holders for the purpose of considering and if thought fit, passing a resolution for the removal of the Trustee in the event that the Unitholders request the Manager to do so, in the manner as stated in the Deed.
11.7
POWER OF TRUSTEE TO REMOVE OR REPLACE THE MANAGER

The Trustee of the Funds may remove and replace the Manager if the Manager has failed or neglected to carry out its duties to the satisfaction of the Trustee, and for such other reasons desirable in the interest of the Unitholders. The Manager may also be removed if the Manager is in liquidation, is under receivership or ceases operations, or has to the prejudice of the Unitholders failed to comply with any provisions of the Deed or the Act, and other relevant laws. The Manager may also be removed if a special resolution is passed by the Unitholders that the Manager be removed. The appointment of the new manager is subject to the new manager entering into a deed or deeds as the Trustee may be advised to be necessary in order to secure that the manager performs its duties as Manager during the remainder of the period of the Fund.
11.8
STATEMENT OF RESPONSIBILITY
The Trustee consents and agrees to assume the position as Trustee of the Funds and undertakes all the obligations in accordance with the Deeds, all relevant laws and rules of law for the benefit of the registered Unitholders of the Funds.
11.9
DISCLOSURE OF CURRENT MATERIAL LITIGATION AND ARBITRATION

As at LPD, the Trustee is not engaged in any material litigation and arbitration either as plaintiff or defendant, and the Trustee is not aware of any proceedings, pending or threatened or of any facts likely to give rise to any proceedings which might materially affect the business financial position of the Trustee or any of its delegates.
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12.
SALIENT TERMS OF THE DEED
The Deed is a complex document and the following is a summary only. Certain salient terms of the Deed are summarised in other sections of this Prospectus. Recipients of this Prospectus and all prospective investors of the Units should refer to the Deed itself to confirm specific information or for a detailed understanding of the Fund. The Deed is available for inspection at the principal place of business of the Manager at all ASNB Offices (refer to Section 18) and the principal place of business of the Trustee (refer to section 2).
12.1
RIGHTS AND LIABILITIES OF UNITHOLDERS

Rights and Liabilities of Unitholders Unitholders shall, inter alia have the right to attend and vote at meetings of Unitholders and receive distributions. However no Unitholder shall be entitled to require the transfer to him of any of the property comprised in the Fund or to interfere with or question the exercise by the Trustee or the Manager on his behalf of the rights of the Trustees as owner of such property. The liability of Unitholders is limited to the purchase price paid for the units. Unitholders are not under any obligation to indemnify the Manager and/or the Trustee for liabilities incurred on behalf of the Fund which exceeds the net asset value of the Fund, and any right of indemnity of the Trustee and/or the Manager shall be limited to recourse to the Fund.
Funds ASN
ASN 2
Unitholders shall, inter alia have the right to attend and vote at meetings of Unitholders and receive distributions. However no Unitholder shall be entitled to require the transfer to him of any of the property comprised in the Fund or to interfere with or question the exercise by the Trustee or the Manager on his behalf of the rights of the Trustees as owner of such property. The liability of Unitholders is limited to the purchase price paid for the units. Unitholders are not under any obligation to indemnify the Manager and/or the Trustee for liabilities incurred on behalf of the Fund which exceeds the gross asset value of the Fund, and any right of indemnity of the Trustee and/or the Manager shall be limited to recourse to the Fund.
ASN 3
Unitholders shall, inter alia have the right to attend and vote at meetings of Unitholders and receive distributions. However no Unitholder shall be entitled to require the transfer to him of any of the property comprised in the Fund or to interfere with or question the exercise by the Trustee or the Manager on his behalf of the rights of the Trustees as owner of such property. The liability of Unitholders is limited to the purchase price paid for the units. Unitholders are not under any obligation to indemnify the Manager and/or the Trustee for liabilities incurred on behalf of the Fund which exceeds Net Asset Value of the Fund, and any right of indemnity of the Trustee and/or the Manager shall be limited to recourse to the Fund.
ASG: ASGPendidikan ASGKesihatan ASGPersaraan
Unitholders shall, inter alia have the right to attend and vote at meetings of Unitholders and receive distributions. However no Unitholder shall be entitled to require the transfer to him of any of the property comprised in the Fund or to interfere with or question the exercise by the Trustee or the Manager on his behalf of the rights of the Trustees as owner of such property. The liability of Unitholders is limited to the purchase price paid for the units. Unitholders are not under any obligation to indemnify the Manager and/or the Trustee for liabilities incurred on behalf of the Fund which exceeds the value of such Fund, and any right of indemnity of the Trustee and/or the Manager shall be limited to recourse to such Fund.
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Funds ASB
Rights and Liabilities of Unitholders Unitholders shall, inter alia have the right to attend and vote at meetings of Unitholders and receive distributions. However, no Unitholder shall be entitled to require the transfer to him of any of the property comprised in the Fund or to interfere with or question the exercise by the Trustee or the Manager on his behalf of the rights of the Trustees as owner of such property. The liability of Unitholders is limited to the purchase price paid for the units. Unitholders are not under any obligation to indemnify the Manager and/or the Trustee for liabilities incurred on behalf of the Fund which exceeds the Gross Asset Value of the Fund, and any right of indemnity of the Trustee and/or the Manager shall be limited to recourse to the Fund.
ASM
Unitholders shall, inter alia have the right to attend and vote at meetings of Unitholders and receive distributions. However, no Unitholder shall be entitled to require the transfer to him of any of the property comprised in the Fund or to interfere with or question the exercise by the Trustee or the Manager on his behalf of the rights of the Trustees as owner of such property. The liability of Unitholders is limited to the purchase price paid for the units. Unitholders are not under any obligation to indemnify the Manager and/or the Trustee for liabilities incurred on behalf of the Fund which exceeds the value of the Fund, and any right of indemnity of the Trustee and/or the Manager shall be limited to recourse to the Fund.
ASW 2020
Unitholders shall, inter alia have the right to attend and vote at meetings of Unitholders and receive distributions. However, no Unitholder shall be entitled to require the transfer to him of any of the property comprised in the Fund or to interfere with or question the exercise by the Trustee or the Manager on his behalf of the rights of the Trustees as owner of such property. The liability of Unitholders is limited to the purchase price paid for the units. Unitholders are not under any obligation to indemnify the Manager and/or the Trustee for liabilities incurred on behalf of the Fund which exceeds the gross asset value of the Fund, and any right of indemnity of the Trustee and/or the Manager shall be limited to recourse to the Fund.
ASD
Unitholders shall, inter alia have the right to attend and vote at meetings of Unitholders and receive distributions. However, no Unitholder shall be entitled to require the transfer to him of any of the property comprised in the Fund or to interfere with or question the exercise by the Trustee or the Manager on his behalf of the rights of the Trustees as owner of such property. The liability of Unitholders is limited to the purchase price paid for the units. Unitholders are not under any obligation to indemnify the Manager and/or the Trustee for liabilities incurred on behalf of the Fund which exceeds the value of the Fund, and any right of indemnity of the Trustee and/or the Manager shall be limited to recourse to the Fund.
AS 1Malaysia
Unitholders shall, inter alia have the right to attend and vote at meetings of Unitholders, to participate in any increase in the value of the Units and receive distributions. However no Unitholder shall be entitled to require the transfer to him of any of the investments or assets of the Fund or to interfere with or question the exercise by the Trustee of the rights of the Trustee as the registered owner of such investments and assets. Ownership of Units shall not confer on a Unitholder an interest in any particular part or asset of the Fund but only in the Fund as a whole. The liability of Unitholders is limited to the purchase price paid for the Units. Unitholders are not under any obligation to indemnify the Manager and/or the Trustee for losses incurred on behalf of the Fund which exceeds the value of the assets of the Fund, and any right of indemnity of the Manager and/or the Trustee shall be limited to recourse to the Fund.
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103
103
2011/2012
2011/2012
12.2
MAXIMUM FEES AND CHARGES PERMITTED BY THE DEED Maximum Fees and Charges Permitted by the Deed The Manager is permitted to charge an annual Management Fee at a rate not exceeding 1.0% of the NAV of the Fund calculated and accrued on a daily basis. The Trustee shall be entitled to an annual Trustee Fee at a rate as may be agreed between the Manager and the Trustee from time to time. Details of the annual Management Fee and the Trustee Fee are set out in Section 8.2 of this Prospectus. A sales charge of 5% on the NAV per Unit is payable by Unitholders upon purchasing of units and retained by the Manager. Details of the sales charge are set out in Section 8.1 of this Prospectus.
Funds ASN
ASN 2
The Manager is permitted to charge an annual Management Fee at a rate not exceeding 1.0% of the NAV of the Fund calculated and accrued on a daily basis. The Trustee shall be entitled to an annual Trustee Fee of RM500,000 or 0.08% per annum of the NAV of the Fund, whichever is lower, calculated and accrued daily. Details of the annual Management Fee and the Trustee Fee are set out in Section 8.2 of this Prospectus. A sales charge of 5% on the NAV per Unit is payable by Unitholders upon purchasing of units and retained by the Manager. Details of the sales charge are set out in Section 8.1 of this Prospectus.
ASN 3
The Manager is permitted to charge an annual Management Fee at a rate not exceeding 1.5% of the NAV of the Fund calculated and accrued on a daily basis. The Trustee shall be entitled to an annual Trustee Fee at a rate as may be agreed between the Manager and the Trustee from time to time. Details of the annual Management Fee and the Trustee Fee are set out in Section 8.2 of this Prospectus. A sales charge of 5% on the NAV per Unit is payable by Unitholders upon purchasing of units and retained by the Manager. Details of the sales charge are set out in Section 8.1 of this Prospectus.
ASG: ASGPendidikan ASGKesihatan ASGPersaraan
The Manager is permitted to charge an annual Management Fee at a rate not exceeding 1.5% of the NAV of the Fund calculated and accrued on a daily basis. The Trustee shall be entitled to an annual Trustee Fee of RM450,000 or 0.07% per annum of the NAV of the Fund, whichever is lower, calculated and accrued daily. Details of the annual Management Fee and the Trustee Fee are set out in Section 8.2 of this Prospectus. A sales charge of 5% on the NAV per Unit is payable by Unitholders upon purchasing of units and retained by the Manager. Details of the sales charge are set out in Section 8.1 of this Prospectus.
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| 12. SALIENT TERMS OF THE DEED 104 12. sAlieNT TerMs Of The deed 104
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Funds ASB
Maximum Fees and Charges Permitted by the Deed The Manager is permitted to charge an annual Management Fee at a rate not exceeding 1% per annum of the Value of the Fund calculated and accrued on a daily basis. The Trustee shall be entitled to an annual Trustee Fee at a rate as may be agreed between the Manager and the Trustee from time to time. Details of the annual Management Fee and the Trustee Fee are set out in Section 8.2 of this Prospectus. Currently no sales charge is imposed upon purchasing of units.
ASW 2020
The Manager is permitted to charge an annual Management Fee at a rate not exceeding 1% per annum of the Value of the Fund calculated and accrued on a daily basis. The Trustee shall be entitled to an annual Trustee Fee at a rate as may be agreed between the Manager and the Trustee from time to time. Details of the annual Management Fee and the Trustee Fee are set out in Section 8.2 of this Prospectus. Currently no sales charge is imposed upon purchasing of units.
ASM
The Manager is permitted to charge an annual Management Fee at a rate not exceeding 1% per annum of the Value of the Fund calculated and accrued on a daily basis. The Trustee shall be entitled to an annual Trustee Fee at a rate as may be agreed between the Manager and the Trustee from time to time. Details of the annual Management Fee and the Trustee Fee are set out in Section 8.2 of this Prospectus. No sales charge is imposed upon purchasing of units.
ASD
The Manager is permitted to charge an annual Management Fee at a rate not exceeding 1.5% per annum of the Value of the Fund calculated and accrued on a daily basis. The Trustee shall be entitled to an annual Trustee Fee at a rate as may be agreed between the Manager and the Trustee from time to time. Details of the annual Management Fee and the Trustee Fee are set out in Section 8.2 of this Prospectus. No sales charge is imposed upon purchasing of units.
AS 1Malaysia
The Manager is permitted to charge an annual management fee at a rate not exceeding 1.5% per annum of the VOF, calculated and accrued on a daily basis. The Trustee shall be entitled to an annual trustee fee not exceeding 0.08% per annum of the VOF (before deducting management fees and trustee fees for the day) of the Fund subject to a minimum of RM18,000 per annum, calculated and accrued daily. Details of the annual management fee and the trustee fee are set out in Section 8.2 of this Prospectus.
105
105
2011/2012
2011/2012
Funds
Maximum Fees and Charges Permitted by the Deed The sales charge for AS 1Malaysia is up to 1% of the invested amount. The Manager may reduce or waive the sales charge at its discretion. Although the Deed allows the Manager to charge a repurchase charge in respect of requests for repurchase of Units, the Manager presently does not impose any repurchase charge for redemption of Units.
12.3
INCREASE IN FEES AND CHARGES FROM THE LEVEL DISCLOSED IN THE PROSPECTUS AND THE MAXIMUM RATE PROVIDED IN THE DEED
Increase in Fees and Charges from the Level Disclosed in the Prospectus and the Maximum Rate Provided in the Deed The Management Fee shall not exceed the amount stated in the Deed. The Manager may not charge an annual Management Fee at a rate higher than that disclosed in the Prospectus unless the Manager and the Trustee have agreed on a higher rate in accordance with the Deed. The Manager must notify Unitholders of the higher rate and the effective date. The Trustee Fee shall not exceed the amount stated in the Deed. The Trustee may not charge an annual Trustee Fee at a rate higher than that disclosed in the Prospectus unless the Manager and the Trustee have agreed on a higher rate. The Manager must notify Unitholders of the higher rate and the effective date. The sales charge shall not exceed that as set out in the Deed. Manager may only charge a higher sales charge than that disclosed in the Prospectus in accordance with the Deed and all relevant laws. The Management Fee shall not exceed the amount stated in the Deed. The Manager may not charge an annual Management Fee at a rate higher than that disclosed in the Prospectus unless the Manager and the Trustee have agreed on a higher rate in accordance with the Deed. The Manager must notify Unitholders of the higher rate and the effective date. The Trustee Fee shall not exceed the amount stated in the Deed. The Trustee may not charge an annual Trustee Fee at a rate higher than that disclosed in the Prospectus unless the Manager and the Trustee have agreed on a higher rate. The Manager must notify Unitholders of the higher rate and the effective date. Currently no sales charge shall be payable on the sale of any unit.
Funds
ASN ASN 2 ASN 3 ASG: ASGPendidikan ASGKesihatan ASGPersaraan ASB ASW 2020 ASM ASD
AS 1Malaysia
106
106
2011/2012
2011/2012
12.4
PERMITTED EXPENSES PAYABLE OUT OF THE FUNDS PROPERTY

Permitted Expenses Payable Out of the Funds Property Only expenses which are directly related and necessary may be charged to the Fund. These include (but not limited to) the following: (i) all fees authorised by this Deed to be paid out of the Fund to the Trustee and the Manager; all fees and disbursements of the Auditor; professional and accounting fees and disbursements approved by the Trustee; the costs of printing and despatching to Unitholders, the accounts of the Fund, tax certificates, distribution warrants, notices of meeting of Registered Holders, newspaper advertisements required by the Deed and such other similar costs as may be approved by the Trustee; valuation fees payable in respect of the Fund; duties and taxes payable in respect of the Fund;
Funds ASN
(ii) (iii) (iv)
(v) (vi)
(vii) all expenses incurred by the Trustee in effecting registration, insurance or safe custody of the documents of title to all investments held upon the trusts of this Deed; and (viii) all duties and charges and any other expenses (including interest) incurred in negotiating, entering into, varying, carrying into effect with or without variation, maintaining and terminating of any borrowings of the Fund. The Trustee may accept the certificate of the Auditor as satisfactory evidence of the amounts properly chargeable for such outgoings and expenses. ASN 2 Only expenses which are directly related and necessary may be charged to the Fund. These include (but not limited to) the following: (i) all fees authorised by this Deed to be paid out of the Fund to the Trustee and the Manager; all fees and disbursements of the Auditor; professional and accounting fees and disbursements approved by the Trustee; the cost of printing and dispatching to Unitholders, the accounts of the Fund, tax certificates, distribution, warrants, cheques notices of meeting of Unitholders, newspaper advertisements required by Deed and such other similar costs as may be approved by the Trustee; valuation fees payable in respect of the Fund; duties and taxes payable in respect of the Fund;
(ii) (iii) (iv)
(v) (vi)
(vii) all expenses incurred by the Trustee in effecting registration, insurance or safe custody of the documents of title to all investments held upon the trusts of this Deed; and (viii) all duties and charges and any other expenses (including interest) incurred in negotiating, entering into, varying, carrying into effect with or without variation, maintaining and terminating any borrowings by the Fund.
107
107
2011/2012
2011/2012
Funds
Permitted Expenses Payable Out of the Funds Property
The Trustee may accept the certificate of the Auditor as satisfactory evidence of the amounts properly chargeable for such outgoings and expenses. ASN 3 Only expenses which are directly related and necessary may be charged to the Fund. These include (but not limited to) the following: (i) all fees authorised by this Deed to be paid out of the Fund to the Trustee and the Manager; all fees and disbursements of the Auditor; professional and accounting fees and disbursements approved by the Trustee; the cost of printing and dispatching to Unitholders, the accounts of the Fund, tax certificates, distribution, warrants, notices of meeting of Unitholders, newspaper advertisements required by Deed and such other similar costs as may be approved by the Trustee; valuation fees payable in respect of the Fund; duties and taxes payable in respect of the Fund;
(ii) (iii) (iv)
(v) (vi)
(vii) all expenses incurred by the Trustee in effecting registration, insurance or safe custody of the documents of title to all investments held upon the trusts of this Deed; and (viii) all duties and charges and any other expenses (including interest) incurred in negotiating, entering into, varying, carrying into effect with or without variation, maintaining and terminating any borrowings by the Fund. The Trustee may accept the certificate of the Auditor as satisfactory evidence of the amounts properly chargeable for such outgoings and expenses. ASG: Only expenses which are directly related and necessary may be charged to the Fund. These include (but not limited to) the following: (i) all fees authorised by this Deed to be paid out of the Fund to the Trustee and the Manager; all fees and disbursement of the Auditor; professional and accounting fees and disbursements approved by the Trustee; the cost of printing and despatching to Unitholders, the accounts of the Fund, tax certificates,distribution, warrants, notices of meeting of Unitholders, newspaper advertisements required by this Deed and such other similar costs as may be approved by the Trustee;
ASGPendidikan
ASGKesihatan
ASGPersaraan
(ii) (iii) (iv)
(v) valuation fees payable in respect of the Fund; (vi) duties and taxes payable in respect of the Fund; and (vii) all expenses incurred by the Trustee in effecting registration, insurance or safe custody of the documents of title to all investments of the Fund held upon the trusts of this Deed.
108
108
2011/2012
2011/2012
Funds
The Trustee may accept the certificate of the Auditor as satisfactory evidence of the amounts properly chargeable for such outgoings and expenses. ASB The Trustee shall pay out of the gross income of the Fund, in addition to the reimbursements of the expenses of the Fund, all outgoings (including all Federal and State Government taxes or duties) which are necessary and incidental to the investments of the Fund and without limiting the foregoing: (i) rates, land tax, water rates, repairs and maintenance, insurance, electricity for common areas and cleaning of common areas and all management fees paid to managing agents employed by the Manager to manage any immovable property investments; all expenses incurred by the Trustee in effecting registration, insurance or safe custody of the documents of title to all investments held upon the trusts of this Deed; all duties, fees and charges and any other expenses (including interest) incurred in negotiating, entering into, varying, carrying into effect with or without variation, maintaining and terminating any borrowings by the Fund; all fees authorised by this Deed to be paid out of the Fund to the Trustee and the Manager; the cost of the Auditors reasonable fees and expenses; the cost of keeping or causing to be kept proper books of account and all expenses and disbursements relating thereto; all valuation fees and the costs of newspaper and other advertisements and sending out statements of account, distribution cheques, tax certificates, correspondence, circulars and other notices to Unitholders and others; and all other costs and expenses incurred in connection with the duties of the Trustee and the Manager in the administration of the trusts of this Deed.
(ii)
(iii)
(iv)
(v) (vi)
(vii)
(viii)
The Trustee may accept the certificate of the Auditor as satisfactory evidence of the amounts properly chargeable for such outgoings and expenses. ASW 2020 The Trustee shall pay out of the gross income of the Fund, in addition to the reimbursements of the expenses of the Fund, all outgoings (including all Federal and State Government taxes and duties) which are necessary and incidental to the investments of the Fund and without limiting the foregoing:(i) rates, quit rents, water rates, repairs and maintenance, insurance, electricity for common areas and cleaning of common areas and all management fees paid to managing Agents employed by the Manager to manage any immovable property investments; all expenses incurred by the Trustee in effecting registration, insurance or safe custody of the documents of title to all investments held upon the trusts of this Deed; all duties, fees and charges and any other expenses (including interest) incurred in negotiating, entering into, varying, carrying into effect with or without variation, maintaining and terminating any borrowings by the Fund;
(ii) (iii)
109
109
2011/2012
2011/2012
Funds
(iv)
all fees authorised by this Deed to be paid out of the Fund to the Trustee and the Manager; the cost of the Auditors reasonable fees and expenses; the cost of keeping or causing to be kept proper books of account and all expenses and disbursements relating thereto; all valuation fees and the costs of newspaper and other advertisements and sending out statements of account, distribution cheques, tax certificates, correspondence, circulars and other notices to Unitholders and others; and all other costs and expenses incurred in connection with the duties of the Trustee and the Manager in the administration of the trusts of this Deed.
(v) (vi)
(vii)
(viii)
The Trustee may accept the certificate of the Auditor as satisfactory evidence of the amounts properly chargeable for such outgoings and expenses. ASM Only expenses which are directly related and necessary may be charged to the Fund. These include (but not limited to) the following: (i) all fees authorised by this Deed to be paid out of the Fund to the Trustee and the Manager; all fees and disbursements of the Auditor; professional and accounting fees and disbursements approved by the Trustee; the cost of printing and dispatching to Unitholders, the accounts of the Fund, tax certificates, distribution warrants cheques, notices of meeting of Unitholders, newspaper advertisements required by Deed and such other similar costs as may be approved by the Trustee; valuation fees payable in respect of the Fund; duties and taxes payable in respect of the Fund; all expenses incurred by the Trustee in effecting registration, insurance or safe custody of the documents of title to all investments held upon the trusts of this Deed; and all duties and charges and any other expenses (including interest) incurred in negotiating, entering into, varying, carrying into effect with or without variation, maintaining and terminating any borrowings by the Fund.
(ii) (iii) (iv)
(v) (vi) (vii) (viii)
The Trustee may accept the certificate of the Auditor as satisfactory evidence of the amounts properly chargeable for such outgoings and expenses. ASD Only expenses which are directly related and necessary may be charged to the Fund. These include (but not limited to) the following: (i) all fees authorised by this Deed to be paid out of the Fund to the Trustee and the Manager;
110
110
2011/2012
2011/2012
Funds
Permitted Expenses Payable Out of the Funds Property (ii) (iii) (iv) all fees and disbursements of the Auditor; professional and accounting fees and disbursements approved by the Trustee; the cost of printing and dispatching to Unitholders, the accounts of the Fund, tax certificates, distribution, warrants, cheques notices of meeting of Unitholders, newspaper advertisements required by Deed and such other similar costs as may be approved by the Trustee; valuation fees payable in respect of the Fund; duties and taxes payable in respect of the Fund; all expenses incurred by the Trustee in effecting registration, insurance or safe custody of the documents of title to all investments held upon the trusts of this Deed; and all duties and charges and any other expenses (including interest) incurred in negotiating, entering into, varying, carrying into effect with or without variation, maintaining and terminating any borrowings by the Fund.
(v) (vi) (vii)
(viii)
The Trustee may accept the certificate of the Auditor as satisfactory evidence of the amounts properly chargeable for such outgoings and expenses. AS 1Malaysia Only expenses which are directly related and necessary may be charged to the Fund. These include (but are not limited to) the following: (i) (ii) (iii) (iv) commissions/fees paid to brokers in effecting dealings in the investments of the Fund; taxes and other duties; Auditors and valuers costs and fees; costs incurred for modification of the Deed or for meetings of Unitholders (save where such modification or meeting is convened is for the benefit of the Manager and/or the Trustee); costs, commissions, fees and expenses for the sale, purchase, insurance and any other dealing of any asset of the Fund; costs, fees and expenses incurred in engaging any specialist, valuer, or adviser for the benefit of the Fund;
(v)
(vi)
(vii) remuneration and out of pocket expenses of the independent members of the Investment Committee; and (viii) costs, fees and expenses incurred in connection with any change or the need to comply with any change or introduction of any law, regulation or requirement (whether or not having the force of law) of any governmental or regulatory authority. The Deed provides that expenses associated with the management and administration of the Fund, such as general overheads and costs for services expected to be provided by the Manager, shall not be charged to the Fund. The Trustee shall ensure that all expenses charged to the Fund are legitimate, not excessive or beyond standard commercial rates.
111
111
2011/2012
2011/2012
12.5
REMOVAL, RETIREMENT AND REPLACEMENT OF THE MANAGER AND THE TRUSTEE

Please refer to Section 10.10 of this Prospectus (in relation to the retirement, removal and replacement of the Manager) and Section 11.6 of this Prospectus (in relation to the retirement, removal and replacement of the Trustee).
12.6
Funds ASN
TERMINATION OF THE FUND

Termination of the Fund The Fund shall commence from the date mentioned in the Deed and continue until determined by the Trustee under the provisions in the Deed. The Trustee shall as soon as practicable after the determination of the Fund give to each of the Unitholder notice of such determination. The Trustee may in any of the following events determine the Fund: a) if the Manager shall go into liquidation (except a voluntary liquidation for the purpose of reconstruction or amalgamation upon terms previously approved in writing by the Trustee); if the Manager shall cease to carry on business; if a receiver is appointed of the undertaking or assets of the Manager or if an encumbrancer shall take possession of any of their assets; or if it becomes illegal or in the reasonable opinion of the Trustee impracticable or inadvisable to continue the Fund.
b) c)
d)
The Trustee shall comply with the provisions of the Act and if at the meeting of the Unitholders an extraordinary resolution is passed at the meeting that the Fund be determined, determine the Fund accordingly. ASN 2 The Fund shall commence from the date mentioned in the Deed and continue until determined by the Trustee under the provisions in the Deed. The Trustee shall as soon as practicable after the determination of the Fund give to each of the Unitholder notice of such determination. The Trustee shall in any of the following events determine the Fund: a) b) c) if the Manager shall go into liquidation (except a voluntary liquidation for the purpose of reconstruction or amalgamation upon terms previously approved in writing by the Trustee); if in the opinion of the Trustee the Manager has ceased to carry on business; if in the opinion of the Trustee, the Manager has to the prejudice of Unitholders failed to comply with the provisions in the Deed.
The Trustee shall comply with the provisions of the Act and if at the meeting of the Unitholders an extraordinary resolution is passed at the meeting that the Fund be determined, determine the Fund accordingly. ASN 3 The Fund shall commence from the date mentioned in the Deed and continue until determined by the Trustee under the provisions in the Deed. The Trustee shall as soon as practicable after the determination of the Fund give to each of the Unitholder notice of such determination. The Trustee shall inter alia in any of the following events determine the Fund:
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| 12. SALIENT TERMS OF THE DEED 112 12. sAlieNT TerMs Of The deed 112
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2011/2012
Funds
Termination of the Fund a) if the Manager shall go into liquidation (except a voluntary liquidation for the purpose of reconstruction or amalgamation upon terms previously approved in writing by the Trustee); b) c) if in the opinion of the Trustee the Manager has ceased to carry on business; if a receiver is appointed of the undertaking or assets of the Manager or if an encumbrancer shall take possession of the assets of the Manager; or if it becomes in the reasonable opinion of the Trustee impracticable or inadvisable to continue the Fund.
d)
The Trustee shall comply with the provisions of the Act and if at the meeting of the Unitholders an extraordinary resolution is passed at the meeting that the Fund be determined, determine the Fund accordingly after obtaining from the Court an order confirming the resolution. ASG: ASGPendidikan ASGKesihatan ASGPersaraan The Fund shall commence from the date mentioned in the Deed and continue until determined by the Trustee under the provisions in the Deed. The Trustee shall as soon as practicable after the determination of the Fund give to each of the Unitholder notice of such determination. The Trustee shall inter alia in any of the following events determine the Fund: a) if the Manager shall go into liquidation (except a voluntary liquidation for the purpose of reconstruction or amalgamation upon terms previously approved in writing by the Trustee); if in the opinion of the Trustee the Manager has ceased to carry on business; if a receiver is appointed of the undertaking or assets of the Manager or if an encumbrancer shall take possession of the assets of the Manager; or if it becomes in the reasonable opinion of the Trustee impracticable or inadvisable to continue the Fund.
b) c)
d)
The Trustee shall comply with the provisions of the Act and if at the meeting of the Unitholders an extraordinary resolution is passed at the meeting that the Fund be determined, determine the Fund accordingly after obtaining from the Court an order confirming the resolution. ASB The Fund shall commence from the date mentioned in the Deed and continue until determined by the Trustee under the provisions in the Deed. The Trustee shall as soon as practicable after the determination of the Fund give to each of the Unitholder notice of such determination. The Trustee may in any of the following events determine the Fund: a) if the Manager shall go into liquidation (except a voluntary liquidation for the purpose of reconstruction or amalgamation upon terms previously approved in writing by the Trustee); if the Manager shall cease to carry on business; if a receiver is appointed of the undertaking or assets of the Manager or if an encumbrancer shall take possession of any of their assets; or if it becomes illegal or in the reasonable opinion of the Trustee impracticable or inadvisable to continue the Fund.
b) c)
d)
113
113
2011/2012
2011/2012
Funds
Termination of the Fund The Trustee shall comply with the provisions of the Act and if at the meeting of the Unitholders an extraordinary resolution is passed at the meeting that the Fund be determined, determine the Fund accordingly. The Fund shall commence from the date mentioned in the Deed and continue until determined by the Trustee under the provisions in the Deed. The Trustee shall as soon as practicable after the determination of the Fund give to each of the Unitholder notice of such determination. The Trustee may in any of the following events determine the Fund: a) if the Manager shall go into liquidation (except a voluntary liquidation for the purpose of reconstruction or amalgamation upon terms previously approved in writing by the Trustee); if the Manager shall cease to carry on business; if a receiver is appointed of the undertaking or assets of the Manager or if an encumbrancer shall take possession of any of their assets; or if it becomes illegal or in the reasonable opinion of the Trustee impracticable or inadvisable to continue the Fund.
ASW 2020
b) c)
d)
The Trustee shall comply with the provisions of the Act and if at the meeting of the Unitholders an extraordinary resolution is passed at the meeting that the Fund be determined, determine the Fund. ASM The Fund shall commence from the date mentioned in the Deed and continue until determined by the Trustee under the provisions in the Deed. The Trustee shall as soon as practicable after the determination of the Fund give to each of the Unitholder notice of such determination. The Trustee shall inter alia in any of the following events determine the Fund: a) if the Manager shall go into liquidation (except a voluntary liquidation for the purpose of reconstruction or amalgamation upon terms previously approved in writing by the Trustee); if in the opinion of the Trustee the Manager has ceased to carry on business; if a receiver is appointed of the undertaking or assets of the Manager or if an encumbrancer shall take possession of the assets of the Manager; or if it becomes in the reasonable opinion of the Trustee impracticable or inadvisable to continue the Fund.
b) c) d)
The Trustee shall comply with the provisions of the Act and if at the meeting of the Unitholders an extraordinary resolution is passed at the meeting that the Fund be determined, determine the Fund after obtaining from the Court an order confirming the resolution. ASD The Fund shall commence from the date mentioned in the Deed and continue until determined by the Trustee under the provisions in the Deed. The Trustee shall as soon as practicable after the determination of the Fund give to each of the Unitholder notice of such determination. The Trustee shall inter alia in any of the following events determine the Fund: a) if the Manager shall go into liquidation (except a voluntary liquidation for the purpose of reconstruction or amalgamation upon terms previously approved in writing by the Trustee); if in the opinion of the Trustee the Manager has ceased to carry on business;
b)
114
114
2011/2012
2011/2012
Funds
Termination of the Fund c) if a receiver is appointed of the undertaking or assets of the Manager or if an encumbrancer shall take possession of the assets of the Manager; or if it becomes in the reasonable opinion of the Trustee impracticable or inadvisable to continue the Fund.
d)
The Trustee shall comply with the provisions of the Act and if at the meeting of the Unitholders an extraordinary resolution is passed at the meeting that the Fund be determined, determine the Fund accordingly after obtaining from the Court an order confirming the resolution. AS 1Malaysia The Manager may in its absolute discretion determine the Trust hereby created and wind up the Fund at any time. Upon the termination of the Trust by the Manager, the Trustee shall as soon as practicable, give to each Unitholder of the Fund notice of such termination and the Manager shall notify the existing Unitholders of the Fund in writing of the options availed to them. The Trustee shall in any of the following events: (a) if the Manager has gone into liquidation, except for the purpose of reconstruction or amalgamation upon terms previously approved in writing by the Trustee and the relevant authorities; (b) (c) if, in the opinion of the Trustee, the Manager has ceased to carry on business; or if, in the opinion of the Trustee, the Manager has to the prejudice of Unitholders failed to comply with the provisions of the Deed or contravened any of the provisions of any relevant law;
Summon a meeting of Unitholders in accordance with the provisions of the Deed for the purpose of seeking directions from the Unitholders. If at any such meeting a Special Resolution to terminate the Trust in respect to the Fund and to wind-up the Fund is passed by the Unitholders, the Trustee shall apply to the Court for an order confirming such Special Resolution.
12.7
UNITHOLDERS MEETING
Unitholders Meeting Unless otherwise required or allowed by the relevant laws, the Manager shall, within twenty-one (21) days of receiving an application from not less than fifty (50) or one-tenth (1/10) in number of all the Unitholders, whichever is the less, convene a meeting of the Unitholders. The Unitholders may apply to the Manager to summon a meeting for any purpose. The Trustee and the Manager may convene a Unitholders' meeting in accordance with the Deed for any purpose. The quorum for a meeting shall be Unitholders present in person or by proxy registered as holding not less than one-quarter (1/4) of the Units in issue. No business shall be transacted at any meeting unless the requisite quorum is present at the commencement of business. Unless otherwise prescribed by the relevant laws, a Unitholders' meeting summoned pursuant to the Deed shall be held not later than two (2) months after the notice was given, at the time and place stipulated in the notice and advertisement (if any).
Funds ASN
115
115
2011/2012
2011/2012
Funds ASN 2
Unitholders Meeting Unless otherwise required or allowed by the relevant laws, the Manager shall, within twenty-one (21) days of receiving an application from not less than fifty (50) or one-tenth (1/10) in number of all the Unitholders, whichever is the less, convene a meeting of the Unitholders. The Unitholders may apply to the Manager to summon a meeting for any purpose. The Trustee and the Manager may convene a Unitholders' meeting in accordance with the Deed for any purpose. The quorum for a meeting shall be one hundred (100) Unitholders present in person or by proxy. No business shall be transacted at any meeting unless the requisite quorum is present at the commencement of business. Unless otherwise prescribed by the relevant laws, a Unitholders' meeting summoned pursuant to the Deed shall be held not later than two (2) months after the notice was given, at the time and place stipulated in the notice and advertisement (if any).
ASN 3
Unless otherwise required or allowed by the relevant laws, the Manager shall, within twenty-one (21) days of receiving an application from not less than fifty (50) or one-tenth (1/10) in number of all the Unitholders, whichever is less, convene a meeting of the Unitholders. The Unitholders may apply to the Manager to summon a meeting for any purpose. The Trustee and the Manager may convene a Unitholders' meeting in accordance with the Deed for any purpose. The quorum for a meeting shall be five hundred (500) of the number of Unitholders on the Register. No business shall be transacted at any meeting unless the requisite quorum is present at the commencement of business. Unless otherwise prescribed by the relevant laws, a Unitholders' meeting summoned pursuant to the Deed shall be held not later than two (2) months after the notice was given, at the time and place stipulated in the notice and advertisement (if any).
116
116
2011/2012
2011/2012
Funds ASG: ASGPendidikan ASGKesihatan ASGPersaraan
Unitholders Meeting Unless otherwise required or allowed by the relevant laws, the Manager shall, within twenty-one (21) days of receiving an application from not less than fifty (50) or one-tenth (1/10) in number of all the Unitholders, whichever is the less, convene a meeting of the Unitholders. The Unitholders may apply to the Manager to summon a meeting for any purpose. The Trustee and the Manager may convene a Unitholders' meeting in accordance with the Deed for any purpose. The quorum for a meeting shall be five hundred (500) of the number of Unitholders on the Register. No business shall be transacted at any meeting unless the requisite quorum is present at the commencement of business. Unless otherwise prescribed by the relevant laws, a Unitholders' meeting summoned pursuant to the Deed shall be held not later than two (2) months after the notice was given, at the time and place stipulated in the notice and advertisement (if any).
ASB
Unless otherwise required or allowed by the relevant laws, the Manager shall, within twenty-one (21) days of receiving an application from not less than fifty (50) or one-tenth (1/10) in number of all the Unitholders, whichever is the less, convene a meeting of the Unitholders. The Unitholders may apply to the Manager to summon a meeting for any purpose. The Trustee and the Manager may convene a Unitholders' meeting in accordance with the Deed for any purpose. The quorum for a meeting shall be Unitholders present in person or by proxy registered as holding not less than one-quarter (1/4) of the Units in issue. No business shall be transacted at any meeting unless the requisite quorum is present at the commencement of business. Unless otherwise prescribed by the relevant laws, a Unitholders' meeting summoned pursuant to the Deed shall be held not later than two (2) months after the notice was given, at the time and place stipulated in the notice and advertisement (if any).
ASW 2020
Unless otherwise required or allowed by the relevant laws, the Manager shall, within twenty-one (21) days of receiving an application from not less than fifty (50) or one-tenth (1/10) in number of all the Unitholders, whichever is the less, convene a meeting of the Unitholders. The Unitholders may apply to the Manager to summon a meeting for any purpose. The Trustee and the Manager may convene a Unitholders' meeting in accordance with the Deed for any purpose. The quorum for a meeting shall be Unitholders present in person or by proxy registered as holding not less than one-quarter (1/4) of the Units in issue. No business shall be transacted at any meeting unless the requisite quorum is present at the commencement of business. Unless otherwise prescribed by the relevant laws, a Unitholders' meeting summoned pursuant to the Deed shall be held not later than two (2) months after the notice was given, at the time and place stipulated in the notice and advertisement (if any).
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Unitholders Meeting Unless otherwise required or allowed by the relevant laws, the Manager shall, within twenty-one (21) days of receiving an application from not less than fifty (50) or one-tenth (1/10) in number of all the Unitholders, whichever is the less, convene a meeting of the Unitholders. The Unitholders may apply to the Manager to summon a meeting for any purpose. The Trustee and the Manager may convene a Unitholders' meeting in accordance with the Deed for any purpose. The quorum for a meeting shall be five hundred (500) Unitholders present in person or by proxy. No business shall be transacted at any meeting unless the requisite quorum is present at the commencement of business. Unless otherwise prescribed by the relevant laws, a Unitholders' meeting summoned pursuant to the Deed shall be held not later than two (2) months after the notice was given, at the time and place stipulated in the notice and advertisement (if any).
ASD
Unless otherwise required or allowed by the relevant laws, the Manager shall, within twenty-one (21) days of receiving an application from not less than fifty (50) or one-tenth (1/10) in number of all the Unitholders, whichever is less, convene a meeting of the Unitholders. The Unitholders may apply to the Manager to summon a meeting for any purpose. The Trustee and the Manager may convene a Unitholders' meeting in accordance with the Deed for any purpose. The quorum for a meeting shall be five hundred (500) of the number of Unitholders on the Register. No business shall be transacted at any meeting unless the requisite quorum is present at the commencement of business. Unless otherwise prescribed by the relevant laws, a Unitholders' meeting summoned pursuant to the Deed shall be held not later than two (2) months after the notice was given, at the time and place stipulated in the notice and advertisement (if any).
AS 1Malaysia
Unless otherwise required or allowed by the relevant laws, the Manager shall, within twenty one (21) days of receiving an application from not less than fifty (50) or one-tenth (1/10) of all the Unitholders, whichever is less, convene a meeting of the Unitholders. The Unitholders may apply to the Manager to summon a meeting for any purpose. The Trustee and the Managers may convene a Unitholders' meeting in accordance with the Deed for any purpose. The quorum required for a meeting of the Unitholders shall be one hundred (100) Unitholders or one-half (1/2) in number of the Unitholders if the Fund has less than one hundred (100) Unitholders standing in the Register of Unitholders at the time of the meeting, whether present in person or by proxy, provided always that the quorum for a meeting of the Unitholders convened for the purpose of removing the Manager and/or Trustee shall be the aforesaid number of Unitholders who must hold in aggregate at least seventy five per centum (75%) of the units in circulation at the time of the meeting, whether present in person or by proxy. If the Fund has five (5) or less Unitholders, the quorum required for a meeting of the Unitholders of the Fund shall be two (2) Unitholders, whether present in person or by proxy; if the meeting has been convened for the purpose of removing the Manager and/or the Trustee, the Unitholders present in person or by proxy must hold in aggregate at least seventy five per centum (75%) of the units in circulation at the time of the meeting. Unless otherwise prescribed by the relevant laws, a Unitholders' meeting summoned pursuant to the Deed shall be held not later than two (2) months after the notice was given, at the time and place stipulated in the notice and advertisement (if any).
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| 12. SALIENT TERMS OF THE DEED 12. sAlieNT TerMs Of The deed
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13.1
RELATED PARTY TRANSACTIONS/CONFLICT OF INTEREST

EXISTING AND POTENTIAL RELATED PARTY TRANSACTIONS
PNB has been appointed as the Investment Manager of the Funds. As ASNB is a wholly-owned subsidiary of PNB, the appointment of PNB as the Investment Manager is deemed a related party transaction.
13.2
CONFLICT OF INTEREST
ASNB and its wholly-owned subsidiary company, AMB, are both unit trust management companies managing unit trust funds. In addition, PNB the holding company of ASNB and the penultimate holding company of AMB is also the holding company of PHNB a real estate investment trust management company. In relation to the above: i. the following directors of ASNB are also directors of AMB namely, Tun Ahmad Sarji bin Abdul Hamid, 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, and Dato Idris bin Kechot. the following directors of ASNB are also directors of PHNB namely, Tun Ahmad Sarji bin Abdul Hamid, Tan Sri Dato Sri Hamad Kama Piah bin Che Othman, Tan Sri Ainum binti Mohamed Saaid and Dato Idris bin Kechot. the following members of investment committee of funds managed by ASNB are also members of investment committees of funds managed by AMB, namely, Tun Ahmad Sarji bin Abdul Hamid, Tan Sri Dato Md. Desa bin Pachi and Tan Sri Dato Sri Hamad Kama Piah bin Che Othman. the following members of investment committees of funds managed by ASNB are directors of AMB, namely, Tun Ahmad Sarji bin Abdul Hamid, Tan Sri Dato Sri Hamad Kama Piah bin Che Othman, and Tan Sri Dato Md. Desa bin Pachi, and directors of PHNB, namely, Tun Ahmad Sarji bin Abdul Hamid and Tan Sri Dato Sri Hamad Kama Piah bin Che Othman. the following members of investment committee of funds managed by ASNB are also directors of PNB namely, Tun Ahmad Sarji bin Abdul Hamid and Tan Sri Dato Sri Hamad Kama Piah bin Che Othman.
ii.
iii.
iv.
v.
13.3
POLICIES ON DEALING WITH CONFLICT OF INTEREST SITUATIONS

The Manager has in place policies and procedures to deal with any conflict of interest situations. In making an investment transaction for the Fund, the Investment Manager will not make improper use of its position in managing the Funds to gain, directly or indirectly, any advantage or to cause detriment to the interests of Unitholders. As at LPD, to the best of the Managers knowledge, there has been no event of conflict of interest by the Manager. Where a conflict or potential conflict of interest is identified, this must be evaluated by the Compliance Department and disclosed to the Executive Director (ED) of the Manager for the next course of action. Conflict of interest situations involving the ED will be disclosed to the Board of Directors of the Manager for a decision on the next course of action. Directors or staff, who are in advisory positions such as portfolio managers or staff who have access to information on transactions are not allowed to engage in dealings on their own account. Investment Committee members who hold substantial shareholdings or directorships in public companies shall refrain from any decision making if the Fund invests in the particular share or stocks of such companies. We, and the Investment Manager have formulated policies and adopted certain procedures to prevent conflicts of interest and potential conflicts of interest situations.
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ASNB MASTER PrOsPeCTus 2011/2012 AsNB MAsTer PROSPECTUS 2011/2012
These include the following: i. The adoption of the PNB Groups policy on ownership of shares and stocks of limited companies by its employees. The policy includes a requirement for all employees to submit a written declaration of their interests in the securities of limited companies, prohibition of employees involved in share trading on the stock market, from trading in the open market in their private capacity, except with approval from the President and Group Chief Executive, or for the purpose of disposing shares in quoted limited companies acquired through sources permitted by the company. Limits set when using brokers or/and financial institutions for dealings of the investments of the unit trust funds. Duties for making investment decisions, raising accounting entries, and making payments are properly segregated and carried out by different departments which are headed by separate persons. Investment procedures, authorised signatories and authorised limits are properly documented in the ISO Manual of the PNB Group. The setting up of the Compliance Committee of the PNB Group, a committee of the Board of Directors of PNB, whose duties include reviewing compliance issues, including conflicts of interest situations. Holding regular meetings with the Trustee to discuss issues related to the management of the unit trust fund, including conflicts of interest situations.
ii.
iii.
iv. v. vi.
vii. The establishment of appropriate Chinese Walls to prevent conflict of interest situations. In addition, as required by the Guidelines, we have appointed a Senior Compliance Officer whose duties include monitoring and resolving conflicts of interest situations in relation to unit trust funds managed and administered by us, and within the Management Company itself. To-date, we and the Investment Manager are not aware of any conflict of interest situation which has arisen.
13.4
DETAILS OF ASNBS DIRECTORS DIRECT AND INDIRECT INTEREST IN OTHER CORPORATIONS CARRYING ON A SIMILAR BUSINESS
As at the LPD, ASNBs Directors do not have any direct or indirect interest in other corporations carrying on a similar business save for Tun Ahmad Sarji bin Abdul Hamid and Tan Sri Dato Sri Hamad Kama Piah bin Che Othman who each hold one (1) subscriber share in PHNB the real estate investment trust manager, but have no beneficial interest in the same.
13.5
DETAILS OF ASNBS SUBSTANTIAL SHAREHOLDERS DIRECT AND INDIRECT INTEREST IN OTHER CORPORATIONS CARRYING ON A SIMILAR BUSINESS
As at the LPD, PNB has 69.99% direct equity interest in PHNB and through ASNB holds 100% equity interest in AMB.
13.6
DECLARATION OF CONFLICT OF INTEREST

Messrs. Zainal Abidin & Co has confirmed that there is no conflict of interest in their capacity as legal advisors to ASNB. Messrs. Hanafiah Raslan & Mohamad has confirmed that there is no conflict of interest in their capacity as reporting accountants to ASNB.
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14.
TAXATION OF THE FUNDS

The Funds managed by us are granted an exemption from income tax under Section 127(3)(b) of the Income Tax Act, 1967. Funds ASB Taxation Status The Fund is exempted from income tax for the year of assessment 1991 and subsequent years. The Funds are granted an extension on the period of exemption from income tax for the year of assessment 2006 to the year of assessment 2016.
ASN ASN 2 ASN 3 ASG-Pendidikan ASG-Kesihatan ASG-Persaraan ASW 2020 ASM ASD AS 1Malaysia
The Fund is exempted from income tax for the year of assessment 2009 to the year of assessment 2018.
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CONSENTS
1. The consent of the Trustee, the Auditors, the Bankers and the Solicitors to the inclusion in the Prospectus of their names in the manner and form in which such names appear, have been given before the issue of this Prospectus and none of them have subsequently withdrawn their written consents. Messrs. Hanafiah Raslan & Mohamad have given and have not withdrawn their consent to the issue of the Prospectus with the inclusion therein of their report in the form and context in which it is included.
2.
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16.
16.1
APPROVAL AND CONDITIONS

EXEMPTIONS/VARIATIONS FROM THE SC GUIDELINES
ASNB and the Funds have been given exemptions/variations from certain provisions of the Guidelines issued in 1997 (Guidelines 1997), subject to certain conditions. Clauses referred to in this section are therefore based on the above Guidelines 1997. Relevant clauses in the revised Guidelines dated 3 March 2008 (Guidelines 2008), are also stated. For AS 1Malaysia, the exemptions/variations are from certain clauses of Guidelines 2008 and subject to certain conditions.
16.1.1 The exemptions/variations from Guidelines 1997 for ASN, ASB, ASW 2020, ASN 2, ASM, ASD, ASN 3, and ASG are as follows:
No 1 Clause Clause 4.4.8 (Guidelines 1997) Revised: Clause 3.07 (Guidelines 2008) Contents Shareholders, directors and key personnel A person should not hold office as director of more than one management company at any one time. In addition, a director of the management company should not hold office as member of the investment committee of schemes managed and administered by another management company. Exemption from this Clause was extended to allow several directors of ASNB to remain as directors of other management companies. For ASN 3 and ASG, exemption from Clause 4.4.8 is limited to Tun Ahmad Sarji bin Abdul Hamid and Tan Sri Dato Sri Hamad Kama Piah bin Che Othman. 2 Clause 6.2.7 (Guidelines 1997) Revised: Clauses 6.04 (a) and (b) (Guidelines 2008) Members of investment committee (ASN, ASB, ASW 2020, ASN 2, ASM, ASD, ASN 3 and ASG are exempted) A member of the investment committee of the scheme should not hold office as member of the investment committee of schemes managed and administered by another management company. In addition, a member of the investment committee should not hold office as director of another management company. For ASN, ASB, ASW 2020, ASN 2 and ASD, exemption from this clause is limited to Tun Ahmad Sarji bin Abdul Hamid and Tan Sri Dato Sri Hamad Kama Piah bin Che Othman, to allow them to be directors of PHNB, the management company of Amanah Harta Tanah PNB and Amanah Harta Tanah PNB 2, and to Dato Dr. Abdul Halim bin Haji Ismail, to allow him to be director of BIMB Unit Trust Management Berhad. For ASN 3 and ASG, exemption from this clause is limited to Tan Sri Dato Sri Hamad Kama Piah bin Che Othman, who is an investment committee member of ASN 3 and ASG and a Director of PHNB. 3 Clause 7.2.9 (Guidelines 1997) Revised: Clause 5.09 (a) (Guidelines 2008) Delegation of function (ASN, ASB, ASW 2020, ASN 2, ASM, ASD, ASN 3 and ASG are exempted) An officer of the investment manager or investment adviser external to the management company should not hold office as member of the investment committee of any scheme the investment manager or investment adviser is appointed for.
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Contents Exemption from this Clause was extended to Tan Sri Dato Sri Hamad Kama Piah bin Che Othman, the President and Group Chief Executive of PNB, to allow him to be appointed as: (a) Director and Chief Executive Officer for ASNB and PHNB. (b) Investment Committee member for ASN, ASB, ASW 2020, ASN 2, ASM, ASD, ASN 3 and ASG and as Director on the Board of Directors of companies in the PNB Group which have been appointed as the investment manager for these funds.
Clause 8.1.4 (Guidelines 1997) Revised: Clause 9.09 (Guidelines 2008)
Remuneration of management company (only ASN, ASB, ASW 2020, ASM and ASD are exempted) The annual management fee should be accrued daily (and charged to the scheme) by dividing the gross asset value of the scheme by the number of days in the year, and multiplying the total with the rate of the annual management fee disclosed in the current prospectus of the scheme. (only ASN, ASB, ASW 2020, ASM, ASD, ASN 3 and ASG are exempted) The annual trustee fee may only be charged if permitted by the trust deed of the scheme. In this regard, the deed should stipulate the maximum rate of the annual trustee fee chargeable to the scheme.
Remuneration of trustee and reimbursement of trustees expenses Clause 8.2.2 (Guidelines 1997) Revised : Clauses 9.08 and 9.14(c) (Guidelines 2008) Clause 8.2.3 (Guidelines 1997) Revised: Clauses 9.14 (a) and (b) (Guidelines 2008)
(only ASN, ASB, ASW 2020, ASM, ASD, ASN 3 and ASG are exempted) The annual trustee fee should be set by the Trustee, on the advice of the Management Company, within the maximum rate stipulated by the deed of the scheme. The annual trustee fee should be fair and commensurate, having regard to: (a) the role, duties and responsibilities of the trustee; and (b) the interests of the Unitholders.
(only ASN, ASB, ASW 2020, ASM and ASD are exempted) The annual trustee fee should be accrued daily (and charged to the scheme) by dividing the gross asset value of the scheme by the number of days in the year, and multiplying the total with the rate of the annual trustee fee disclosed in the current prospectus of the scheme.
For ASN, ASB and ASW 2020, exemption to Clauses 8.1.4, 8.2.2, 8.2.3, 8.2.4 and 8.2.5 is given subject to the basis of computation of the management fee and the trustees fee being disclosed in the deed and prospectus of the respective schemes. The annual trustees fee agreed upon for the year should also be disclosed in the prospectus. For ASM and ASD, exemption from Clauses 8.2.2 to 8.2.5 is given subject to the annual trustees fee agreed upon for the year be disclosed in the prospectus.
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No 6
Clause Clause 10.3.2(c) (Guidelines 1997) Revised: Clause 8.12 and Schedule A Para 3 (Guidelines 2008)
Contents Investment in securities that are not traded in or under the rules of an eligible market (only ASN, ASB, ASW 2020, ASM, ASD and ASN 3 are exempted) The value of the scheme's holding in securities that are not traded in or under the rule of an eligible market must not exceed 10% of the scheme's NAV. (only ASN, ASB, ASW 2020, ASM, ASD and ASN 3 are exempted) The value of the scheme's holding in the share capital of any single issuer must not exceed 10% of the scheme's NAV.
Investment restrictions Clause 10.8.1 (Guidelines 1997) Revised: Schedule A Para 4 (Guidelines 2008) Clause 10.8.2 (Guidelines 1997) Revised: Schedule A Para 5 (Guidelines 2008) Schedule A Para 6 (Guidelines 2008)
(only ASN, ASB, ASW 2020, ASM, ASD and ASN 3 are exempted) The value of the scheme's holding in the securities of, and the securities relating to, any single issuer must not exceed 15% of the scheme's NAV.
(only ASB, ASW 2020, ASM and ASD are exempted) The value of a funds placement in deposits with any single institution must not exceed 20% of the funds NAV.
Schedule A Para 7(b) (Guidelines 2008)
(only ASB, ASW 2020, ASM and ASD are exempted) The value of a funds over-the counter (OTC) derivative transaction with any single counter-party must not exceed 10% of the funds NAV. (only ASB, ASW 2020, ASM and ASD are exempted) The value of a funds investment in structured products issued by a single counterparty must not exceed 15% of the funds NAV. (only ASB, ASW 2020, ASM and ASD are exempted) The aggregate value of a funds investment in transferable securities, money market instruments, deposits, OTC derivatives and structured products issued by or placed with any single issuer/institution must not exceed 25% of the funds NAV. (only ASB, ASW 2020, ASM and ASD are exempted) The value of funds investments in units/shares of any collective investment scheme must not exceed 20% of the funds NAV.
Schedule A Para 8 (Guidelines 2008)
Clause 10.8.3 (Guidelines 1997) Revised : Schedule A Para 11 (Guidelines 2008) Clause 10.8.5 (Guidelines 1997)
(only ASN, ASB, ASW 2020, ASM, ASD and ASN 3 are exempted) Subject to Clause 10.8.4, the value of the scheme's holding in the securities of, and the securities relating to any group of companies should not exceed 20% of the scheme's NAV. (only ASN, ASB, ASW 2020, ASM, ASD and ASN 3 are exempted) The scheme's holding of any class of security of any single issuer must not exceed 10% of the securities issued.
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Clause Revised: Schedule A - Para 21 to Para 24 (Guidelines 2008)
Contents
Exemption from Clauses 10.3.2(c), 10.8.1, 10.8.2, 10.8.3, 10.8.4 and 10.8.5 is given subject to ASNB setting a limit for each requirement and disclosing it in the prospectus of the respective schemes. The Securities Commission should be informed of the limit prior to inclusion in the respective prospectuses. 8 Clause 10.9.1 (Guidelines 1997) Revised: Clause 8.34 (Guidelines 2008) Restriction on borrowing and lending (only ASN, ASB, ASW 2020, ASM, ASD and ASN 3 are exempted) The scheme may not borrow cash or other assets (including the borrowing of securities within the meaning of the Guidelines on Securities Borrowing and Lending) in connection with its activities. Exemption from Clause 10.9.1 is given subject to ASNB setting a limit for each requirement and disclosing it in the prospectus of the respective schemes. The Securities Commission should be informed of the limit prior to inclusion in the prospectuses. For ASM, ASD and ASN 3, ASNB is also required to disclose the limit in the deed of ASM, ASD and ASN 3, respectively. 9 Creation of units Clause 11.2.4 (Guidelines 1997) Revised: Clause 10.06] (Guidelines 2008) Clause 11.2.6 (Guidelines 1997) Revised: Clause 10.13 (Guidelines 2008) 10 Cancellation of units Clause 11.3.3 (Guidelines 1997) Revised: Clause 10.06 (Guidelines 2008) Clause 11.3.5 (Guidelines 1997) Revised: Clause 10.13 (Guidelines 2008) 11 Sale of units Clause 11.5.3 (Guidelines 1997) (ASN, ASB, ASW 2020, ASN 2, ASM, ASD, ASN 3 and ASG are exempted) The selling price for units should be based on the net asset value per unit in the
(only ASN, ASB, ASW 2020, ASM, ASD, ASN 3 and ASG are exempted) The trustee must create units only for cash.
(ASN, ASB, ASW 2020, ASN 2, ASM, ASD, ASN 3 and ASG are exempted) Subject to Clause 11.2.7, the creation price for units (created other than during the period of the initial offer) is equal to the net asset value per unit in the scheme as at the next valuation point after instructions from the management company is received by the trustee (forward pricing).
(only ASN, ASB, ASW 2020, ASM, ASD, ASN 3 and ASG are exempted) The trustee must pay the management company only in cash for the cancellation of units.
(ASN, ASB, ASW 2020, ASN 2, ASM, ASD, ASN 3 and ASG are exempted) Subject to Clause 11.3.6, the cancellation price for units (cancelled other than during the period of the initial offer) is equal to the net asset value per unit in the scheme as at the next valuation point after instructions from the management company is received by the trustee (forward pricing).
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Clause Revised: Clause 10.38 (Guidelines 2008)
Contents scheme as at the next valuation point after the request for units is received by the management company (forward pricing). For ASB and ASW 2020, exemption from Clause 11.5.3 is given subject to ASNB stating the basis of valuation of units in the deed of ASB and ASW 2020 respectively. (ASN, ASB, ASW 2020, ASN 2, ASM, ASD, ASN 3 and ASG are exempted) Although Clause 11.5.3 is preferred, the selling price for units may be based on the net asset value per unit in the scheme as at the valuation point immediately before the request for units is received by the management company (historic pricing), provided that: (a) There are acceptable reasons for adopting this basis; and (b) The management company must reprice the units at times where the net asset value of the scheme, if revalued, would differ by more than 5% as at the last valuation point (material market movement).
Clause 11.5.4 (Guidelines 1997) Revised: Clauses 10.39 and 10.41 (Guidelines 2008)
Clause 11.5.5 (Guidelines 1997) Revised: Clauses 10.37 and 9.02(c)] (Guidelines 2008) 12 Clause 11.6.1 (Guidelines 1997) Revised: Clause 10.22 (Guidelines 2008) Clause 11.6.2 (Guidelines 1997) [The provision of this Clause is deleted in the revised Guidelines)
(only ASB, ASW 2020, ASM and ASD are exempted) The selling price of units is based on the net asset value per unit in the scheme (as determined either under Clause 11.5.3 or Clause 11.5.4) add the sales charge (if any). The sales charge (if any) should be determined by the management company and adequately disclosed in the prospectus of the scheme.
Loan financing in the sale of units (only ASN, ASB, ASW 2020, ASM, ASD, ASN 3 and ASG are exempted) The management company should ensure that the margin of finance for loans in the sale of units does not exceed 67% of the selling price for units.
(ASN, ASB, ASW 2020, ASN 2, ASM, ASD, ASN 3 and ASG are exempted) The management company should not, directly or indirectly, encourage the sale of units through loans.
Exemption from Clauses 11.6.1 and 11.6.2 is given subject to ASNB ensuring that it receives the loan financing risk disclosure statement from each unitholder who purchases units through loans. 13 Repurchase of units Clause 11.7.5 (Guidelines 1997) Revised: Clause 10.38 (Guidelines 2008) Clause 11.7.6 (Guidelines 1997) (ASN, ASB, ASW 2020, ASN 2, ASM, ASD, ASN 3 and ASG are exempted) The re-purchase price for units should be based on the net asset value per unit in the scheme as at the next valuation point after the request for repurchase is received by the management company (forward pricing).
(ASN, ASB, ASW 2020, ASN 2, ASM, ASD, ASN 3 and ASG are exempted) Although Clause 11.7.5 is preferred, the repurchase price for units may be based on the net asset value per unit in the scheme as at the valuation point immediately
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Clause Revised: Clauses 10.39 and 10.41 (Guidelines 2008)
Contents before the repurchase request is received by the management company (historic pricing), provided that: (a) There are acceptable reasons for adopting this basis; and (b) The management company must reprice the units at times where the net asset value of the scheme, if revalued, would differ by more than 5% as at the last valuation point (material market movement).
14
Holding of units by management company (only ASN, ASB, ASW 2020, ASM, ASD, ASN 3 and ASG are exempted) The management company or its nominees should not hold any unit in the scheme, other than when complying with re-purchase requests and/or in creating new units to meet requests for units by investors, subject to a maximum of: (a) (b) 3 million units, or 10% of the units in circulation, whichever is the lower.
These limits shall not apply to the creation of new units to meet requests for units by investors under EPF Members Investment Scheme. For ASN, ASB and ASW 2020, exemption given is subject to ASNB's policy of holding units being expressed in the deed. The Securities Commission should be informed of the limit prior to inclusion in the prospectus and deed of the respective schemes. 15 Valuation Clause 11.10.1 (Guidelines 1997) Revised: Clause 10.32 (Guidelines 2008) Clause 11.10.3 (Guidelines 1997) [The provision of this Clause is deleted in the revised Guidelines] (only ASB, ASW 2020, ASM and ASD are exempted) The valuation of the scheme and the determination of the selling and repurchase prices for units must be carried out at least once each Business Day.
(only ASB, ASW 2020, ASM and ASD are exempted) Whether or not there are more valuations than once a day, a valuation must be carried out at the time of the close of business of the Bursa Malaysia for the day.
For ASB, ASW 2020, ASM and ASD, exemption to Clauses 11.10.1 and 11.10.3 is given subject to the assets and quoted investments with ready value being revalued at least once a month. The net asset value should be disclosed in the monthly reports to the Securities Commission. For ASB, ASW 2020 and ASM, unquoted assets and investments must be revalued at least twice a year and valued at fair value which is determined on the bases of valuation which have been verified by the auditor of the scheme and approved by the trustee. Clause 11.10.4 (Guidelines 1997) Revised: Clause 10.31 and Schedule B (Guidelines 2008) (only ASB, ASW 2020, ASM and ASD are exempted) The valuation of the assets and liabilities for the purpose of determining the schemes net asset value should be based upon a process which is consistently applied, and which leads to valuations that are objective and independently verifiable. The general principle of valuation is that investments should be stated at market value (or some value which is representative of their market value).
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Contents The exemption given is for a period of up to 31 December 2012, and is subject to PNB submitting detailed action plan to comply with the requirements before 31 December 2012.
Clause 11.10.5 (Guidelines 1997) Revised: Clause 3.23 and Schedule B (Guidelines 2008)
(only ASB, ASW 2020 and ASM are exempted) Where no market values are publicly available or where the use of quoted market values is not appropriate, investments should be valued at fair value, as determined in good faith by the management company. For unquoted investments, fair value should be determined on methods or bases which have been verified by the auditor of the scheme, approved by the trustee and adequately disclosed in the prospectus of the scheme. For quoted investments, any valuation based on fair value should be verified by the auditor of the scheme and specifically approved by the trustee. The permitted valuation bases for investments are set out in Schedule V.
For ASB and ASW 2020, the exemption given is subject to the investment of these schemes being revalued at least twice a year for inclusion in their reports. The need for periodic valuations and the bases (which must be verified by the auditors) to be adopted must be contained in the deed. The Securities Commission should be informed of the bases before inclusion in the respective schemes' deed. ASNB is also required to disclose the value of investment of ASB and ASW 2020 in their reports according to class of securities and economic sectors it represents. For ASM, the exemption to Clauses 11.10.4 and 11.10.5 is subject to the assets and investments of ASM to be valued at market value for purposes of reporting to the Securities Commission. The investments should be valued at fair value which is determined on the bases of valuation which have been verified by the auditor of the scheme and approved by the trustee. The bases should be disclosed in the prospectus, the deed and the notes to the financial statement. 16 Notification of prices to trustee Clause 11.11.1 (Guidelines 1997) Revised: Clause 10.36 (Guidelines 2008) (only ASB, ASW 2020, ASM and ASD are exempted) Upon completion of any valuation, the management company must immediately notify the trustee of: (a) the creation price for units; (b) the cancellation price for units; (c) the selling price for units; and (d) the repurchase price for units. Clause 11.11.2 (Guidelines 1997) [The provision of this Clause is deleted in the revised Guidelines] 17 Publication of prices Clause 11.12.1 (Guidelines 1997) Revised: Clause 10.51 (Guidelines 2008) (only ASB, ASW 2020, ASM and ASD are exempted) The management company must publish: (a) the selling price for units; (b) the repurchase price for units; and
(only ASB, ASW 2020, ASM and ASD are exempted) The prices notified to the trustee under Clause 11.11.1 should remain valid until the management company informs the trustee of new prices.
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Contents (c) the net asset value per unit in the scheme; daily in at least one national Bahasa Melayu newspaper and one national English newspaper.
Clause 11.12.2 (Guidelines 1997) Revised: Clause 10.52 (Guidelines 2008) 18 Reporting requirement Clauses 12.1.1 and 12.1.3 (Guidelines 1997) Revised: Clause 12.07 (Guidelines 2008)
(only ASB, ASW 2020, ASM and ASD are exempted) The prices published under Clause 11.12.1 should be the latest prices notified to the trustee under Clause 11.11.1 before the relevant newspaper ceased to accept material for publication in the relevant edition.
(only ASB, ASW 2020, ASM and ASD are exempted) The management company must publish at least two reports of the scheme in respect of each financial year of the scheme. The interim reports should be distributed to the unitholders within two months of the end of periods they cover. A printed copy of the reports shall be delivered to the Securities Commission within two months after the end of the period they cover. The exemption to Clauses 12.1.1 and 12.1.3 which relate to the publishing and dissemination of interim reports, are given for a period of up to December 31, 2012, and is subject to PNB submitting detailed action plan to comply with the requirements before 31 December 2012.
(only ASB, ASW 2020, ASM and ASD are exempted) The minimum information to be included in the annual or interim reports of the scheme is stipulated under Schedule VI. ASB and ASW 2020 are exempted from disclosing the following information in their reports: (a) performance analysis using unit prices. (b) effect of income distribution and additional distribution on NAV. (c) statement of assets and liabilities. (d) statement of changes in NAV. (e) total NAV. (f) NAV per unit and the number of units in circulation. (g) the composition of the investment portfolio showing the quantity held, the cost of investment, the market value of each holding as a percentage of net asset value. ASB and ASW 2020, however, should disclose the following information: (a) the list of 20 largest investment in terms of total market value as a percentage of total market value of the fund. (b) asset allocation by sector based on market value as a percentage of total market value of the fund.
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Contents ASM are exempted from disclosing the following information in their reports: (a) performance analysis using unit prices. (b) effect of income distribution and additional distribution on NAV. (c) statement of assets and liabilities. (d) statement of changes in NAV. (e) total NAV. (f) NAV per unit and the number of units in circulation. (g) selling price and repurchase price for units. (h) total return in terms of capital growth and income distribution. (i) the composition of the investment portfolio showing the quantity held, the cost of investment, the market value of each holding as a percentage of net asset value.
(j) management expenses ratio (MER). (k) portfolio turnover ratio (PTR). ASM is required to disclose the following information: (a) units in circulation. (b) cost of each investment (from investment portfolio) as percentage of total cost of fund. (c) market value of each investment as percentage of total market value of the fund. (d) statement that the calculation of MER and PTR do not follow the method recommended by the Securities Commission, and thus may not be an accurate comparison with the MER and PTR of other unit trust funds. ASD is exempted from disclosing the following in its reports: (a) the selling price for units. (b) the repurchase price for units. (c) the highest / lowest selling and repurchase price. (d) the total return of scheme in terms of the breakdown into capital growth and income distribution (ASD, however, is required to disclose the total return amount in the reports). (e) management expense ratio (MER). (f) portfolio turnover ratio (PTR).
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Contents For (e) and (f), ASD is required to disclose the statement that the calculation of MER and PTR do not follow the method recommended by the Securities Commission, and thus may not be an accurate comparison with the MER and PTR of other unit trust funds.
19
Cooling-off right Clauses 14.1.1 to 14.1.3) (ASN, ASB, ASW 2020, ASN 2, ASM, ASD, ASN 3 and ASG are exempted) (Guidelines 1997) The management company must provide every investor with a cooling-off right. The cooling-off right refers to the right of the unitholder/investor to obtain a refund of his Revised: investment in the scheme (of not less than the minimum stipulated under Clause Clauses 11.09 14.1.4) if he so requests within a cooling-off period, which must not be less than six and 11.11 Business Days. (Guidelines 2008) Clause 14.1.4 (Guidelines 1997) Revised: Clause 11.12 (Guidelines 2008) (ASN, ASB, ASW 2020, ASN 2, ASM, ASD, ASN 3 and ASG are exempted) The refund for every unit held by the unitholder/investor pursuant to the exercise of his cooling-off right must not be less than the sum of: (a) the higher of the net asset value per unit or the repurchase price for units on the day the cooling-off right is exercised; and (b) the sales charge per unit originally imposed on the day the units were purchased.
20
Distribution of returns Clause 14.2.2 (Guidelines 1997) Revised: Clause 11.18 (Guidelines 2008) (only ASB, ASW 2020, ASM and ASD are exempted) Subject to Clause 14.2.3, the management company must send to every unitholder a statement detailing the nature and the amount of the returns distributed (whether in the form of income/dividend and/or unit splits) in every distribution of the annual and interim returns to unitholders. In this regard, the management company must declare in the statement: (a) the net asset value per unit prior to and subsequent to the distribution; and (b) the effects of the distribution on the selling price and repurchase price for units. ASB, ASW 2020, ASM and ASD are exempted from disclosing its net asset value prior to and subsequent to the distribution in its distribution returns. Clause 14.2.3 (Guidelines 1997) Revised: Clause 11.19 (Guidelines 2008) (only ASB, ASW 2020, ASM and ASD are exempted) In the case of an interim distribution of returns to unitholders, the management company may choose not to send the statement under Clause 14.2.2 provided that the same information is published in an advertisement in at least one national Bahasa Melayu newspaper and one national English newspaper.
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16.1.2 ASNB and AS 1Malaysia have been given exemptions/variations from certain clauses of Guidelines 2008, subject to certain conditions. The exemptions/variations from Guidelines 2008 for AS 1Malaysia are as follows:
No 1 Clause Clause 3.07 Contents Directors A director of a management company should not: a) hold office as director of more than one management company at any one time; and hold office as member of the investment committee of funds operated by another management company. Exemption from this Clause was extended to allow Tun Ahmad Sarji bin Abdul Hamid, Tan Sri Dato Sri Hamad Kama Piah bin Che Othman, Tan Sri Dato Dr. Wan Mohd. Zahid bin Mohd. Nordin, Tan Sri Dato Md. Desa bin Pachi, Tan Sri Ainum binti Mohamed Saaid and Dato Idris bin Kechot to remain as directors of other management companies, namely PHNB and AMB. Exemption from this Clause was extended to allow Tun Ahmad Sarji bin Abdul Hamid, Tan Sri Dato Sri Hamad Kama Piah bin Che Othman, Tan Sri Dato Dr. Wan Mohd. Zahid bin Mohd. Nordin, and Tan Sri Dato Md. Desa bin Pachi to remain as members of investment committees of funds operated by AMB.
b)
a)
b)
Clause 3.23
Valuation and Pricing A management company should take all reasonable steps and exercise due diligence to ensure that the Fund and the Funds units are correctly valued and priced, in line with the provisions of Chapter 10 and Schedule B of the Guidelines, the Deed and the Prospectus. Exemption is given subject to compliance with the requirements of Schedule B of the Guidelines by 31 December 2012.
Clause 3.32
Holding of Units by Management Company The management company or its nominees should not hold any unit in the Fund, other than when complying with repurchase request and/or in creating new units to meet anticipated requests for units by investors (managers box), subject to a maximum of : a) three (3) million units, or b) 10% of the units in circulation, whichever is lower.
Clause 5.09(a)
Delegation of Function by Management Company An officer of the delegate (whether foreign or otherwise) should not hold office as member of the investment committee of any Fund for which the fund manager is appointed to manage. Exemption from this Clause was extended to allow several directors of PNB, the investment manager of the Fund, this being Tun Ahmad Sarji bin Abdul Hamid and Tan Sri Dato Sri Hamad Kama Piah Che Othman, to be members of the Investment Committee of the Fund.
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Clause Clause 6.04(a), (b) and (e)
Contents Investment Committee A member of the investment committee should not hold office as: a) member of the investment committee of funds managed and administered by another management company, b) director of another management company, and e) an officer of the delegate that carry on the fund management function for the fund. a) Exemption was extended to allow Tun Ahmad Sarji bin Abdul Hamid, Tan Sri Dato Sri Hamad Kama Piah bin Che Othman and Tan Sri Dato Md. Desa bin Pachi to be members of the investment committee of funds managed and administered by AMB. b) Exemption was extended to allow Tun Ahmad Sarji bin Abdul Hamid, Tan Sri Dato Sri Hamad Kama Piah bin Che Othman and Tan Sri Dato Md Desa bin Pachi to be directors of PHNB and AMB. e) Exemption was extended to allow Tun Ahmad Sarji bin Abdul Hamid and Tan Sri Dato Sri Hamad Kama Piah bin Che Othman to be directors of PNB, the investment manager of the Fund.
Clause 8.36 (b) and (c)
Borrowings The Management Company should ensure that: b) the borrowing period should not exceed one month, and c) the aggregate borrowings of Fund should not exceed 10% of the Funds NAV at the time the borrowing is incurred. Variation to Clause 8.36 (c) is given subject to the aggregate borrowings not exceeding 10% of the Funds VOF. The limit is to be disclosed in the Prospectus.
Clause 8.37
Investment Limits The fund manager should ensure that the investment limits and restrictions set out in Schedule A of the Guidelines are complied with at all times based on the most up-to-date value of the funds property.
Variations to Clause 8.37 and relevant Paragraphs of Schedule A are given subject to AS 1Malaysia to set its own limit and to disclose it in the Prospectus. Schedule A Para 3 Exposure Limits The value of the funds investments in unlisted securities must not exceed 10% of the funds NAV. Investment Spread Limits Schedule A - Para 4 Schedule A Para 5 The value of the funds investments in ordinary shares issued by any single issuer must not exceed 10% of the Funds NAV. The value of the funds investments in transferable securities and money market instruments issued by any single issuer must not exceed 15% of the funds NAV.
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Clause Schedule A Para 6 Schedule A Para 7(b)
Contents The value of a funds placement in deposits with any single institution must not exceed 20% of the funds NAV. For investments in derivatives, the value of the Funds over-the-counter (OTC) derivative transaction with any single counter-party must not exceed 10% of the funds NAV. The value of a funds investments in structured products issued by a single counterparty must not exceed 15% of the funds NAV. The aggregate value of a funds investments in transferable securities, money market instruments, deposits, OTC derivatives and structured products issued by or placed with (as the case may be) any single issuer/institution must not exceed 25% of the funds NAV. The value of a funds investments in units/shares of any collective investment scheme must not exceed 20% of the funds NAV. The value of the funds investments in transferable securities and money market instruments issued by any group of companies must not exceed 20% of funds NAV. The funds investments in transferable securities (other than debentures) must not exceed 10% of the securities issued by any single issuer. The funds investments in debentures must not exceed 20% of the debentures issued by any single issuer. The funds investment in money market instruments must not exceed 10% of the instruments issued by any single issuer. The funds investments in collective investment schemes must not exceed 25% of the units/shares in any one collective investment scheme. Management Fee and Trustee Fee The fees should be accrued daily and calculated based on the NAV of the fund. The number of days in a year should be used in calculating the accrued fees. Variation is given for the fees to be calculated based on the VOF.
Schedule A Para 8 Schedule A Para 9
Schedule A Para 10 Schedule A Para 11
Investment Concentration Limits Schedule A - Para 21 Schedule A - Para 22 Schedule A - Para 23 Schedule A - Para 24 8 Clause 9.09
Clause 9.14(c)
Remuneration of Trustee The trustee fee should be reasonable, considering the maximum rate stipulated in the deed.
10
Creation and Cancellation of Units Clause 10.06 A trustee should create or cancel units immediately on receipt of, and in accordance with, the instructions given by the management company and only for cash. Variation given to allow the Trustee to create or cancel units for cash or investment or both. Clause 10.13 The creation and cancellation of units should be at NAV per unit of the fund as at the next valuation point after an instruction from the management company is received by the trustee. Exemption is given subject to compliance with the requirements of Schedule B of the Guidelines by 31 December 2012.
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Clause Clause 10.22
Contents Loan Financing in the Sale of Units The management company should ensure that the margin of finance for loans in the sale of units does not exceed 67% of the amount invested.
12
Valuation Clause 10.31 and Schedule B To determine the funds NAV, a fair and accurate valuation of all assets and liabilities of the Fund should be conducted. Valuation should be based on a process which is consistently applied and leads to objective and independently verifiable valuations. The valuation points for a fund must be at least once every business day. Upon completion of a valuation, the trustee should be immediately notified of the NAV per unit of the fund.
Clause 10.32 Clause 10.36
Exemption from Clauses 10.31, 10.32, 10.36 and Schedule B was given subject to compliance with the requirements of Schedule B of the Guidelines by 31 December 2012. 13 Price of a Unit Clause 10.37 Clause 10.38 The price of a Funds unit should be the NAV per unit of the Fund. Any dealing in units of the funds should at a price that is the NAV per unit of the fund as at the next valuation point after the request for sale of repurchase of units is received by the management company (forward price).
Exemption from Clauses 10.37 and 10.38 was given subject to compliance with the requirements of Schedule B of the Guidelines by 31 December 2012. 14 Clause 11.09 Cooling-off right A cooling-off right should be given to an investor who is investing in any unit trust fund managed by a particular management company for the first time. 15 Clause 11.18(b) Distribution of income Where distribution is made, the management company should send to every unitholder a statement detailing the nature (whether in the form of cash or units in lieu of cash) and the amount of income distributed. The statement should include the NAV per unit prior to, and subsequent to, the distribution.
2011/2012
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No 16
Clause Clause 12.06
Contents Content of Fund Report The minimum and detailed information to be included in the funds reports are stipulated in Schedule D of these Guidelines. Exemption given from disclosing the following information in the report : a) NAV of the Fund b) NAV per unit c) Highest/lowest NAV d) Total return of the Fund, and break down into capital growth and income distribution e) Effect of income distribution and additional distribution in terms of NAV per unit before and after distribution f) Analysis on Funds performance based on NAV per unit
g) NAV per unit before and after unit split exercise h) Statement of Balance Sheet i) j) Statement of Changes in NAV The composition of the investment portfolio showing the quantity held, the cost of investment, the market value of each holding as a percentage of net asset value.
but only AS 1Malaysia is required to disclose the following information: a) Units in circulation b) Total return on the Fund based on income distribution c) Cost of each investment (from investment portfolio) as percentage of total cost of Fund d) Market value of each investment as percentage of total market value of the Fund 17 Clause 12.07(c) Publication of Report The management company should send the interim report without charge to unitholders within two months after the end of the financial period of the report covers.
2011/2012 2011/2012
17.
DOCUMENTS AVAILABLE FOR INSPECTION

We and the Trustee, shall make available, the following documents or copies thereof, where applicable, which may be inspected without charge during a period of not less than 12 months during normal business hours at the registered office of the Management Company or such other place as the SC may determine: 1. 2. 3. 4. The Deed of the Funds. Material contracts or documents referred to in the Prospectus, if any. Latest annual and interim reports of the Funds. All reports, letters or other documents, valuations and statements by any expert, any part of which is extracted or referred to in the Prospectus. Our audited financial statements and the audited financial statements of the Funds for the last 3 financial years, preceding the date of Prospectus. Our latest audited financial statements and the latest audited financial statements of the Funds for the current financial year (where applicable); and Consents given by experts or persons whose statement appear in the Prospectus.
5.
6.
7.
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18.
18.1
DIRECTORY
ASNB OFFICES
KUALA LUMPUR ASNB Main Counter First Floor, Balai PNB 201-A, Jalan Tun Razak 50400 Kuala Lumpur Tel: 03-2050 5500 Fax: 03-2161 8852 PUTRAJAYA Amanah Saham Nasional Bhd Lot 27, Kompleks Perbadanan Putrajaya Persiaran Perdana, Presint 3 62675 Putrajaya Selangor Tel : 03-8890 4880 Fax : 03-8890 4890 PERLIS Amanah Saham Nasional Bhd Lot 7, Jalan Indera Kayangan 01000 Kangar Perlis Tel: 04- 978 1110/978 1111/977 5702 Fax: 04-976 0800 SELANGOR Amanah Saham Nasional Bhd Lot 2-1 & 2-2 Pusat Dagangan UMNO Shah Alam Persiaran Damai Seksyen 11 40000 Shah Alam Selangor Tel: 03-5512 1366/5510 3155 Fax: 03-5513 7155 Amanah Saham Nasional Berhad NO.7 Jalan Medan Niaga 2 Medan Niaga Kuala Selangor 45000 Kuala Selangor Selangor Tel: 03-3281 3121 Fax: 03-32813221 KEDAH Amanah Saham Nasional Bhd 27, Kompleks Shahab Perdana Jalan Sultanah Sambungan 05250 Alor Setar Kedah Tel: 04-731 0770/731 1012/733 4603 Fax: 04-731 4140 JOHOR Amanah Saham Nasional Bhd 49, Bangunan Tabung Haji, Jalan Segget 80000 Johor Bahru Johor Tel: 07-224 0077/227 2277 Fax: 07-223 2533 TERENGGANU Amanah Saham Nasional Bhd No 15, Jalan Batas Baru 20300 Kuala Terengganu Terengganu Tel: 09-630 1500/630 1501 Fax: 09-630 1506
NEGERI SEMBILAN Amanah Saham Nasional Bhd 36, Jalan Tunku Hassan 70000 Seremban Negeri Sembilan Tel: 06-762 6239/763 8546/761 8451 Fax: 06-763 3384 KELANTAN Amanah Saham Nasional Bhd 2983-V, Jalan Parit Dalam 15000 Kota Bharu Kelantan Tel: 09-741 9900/741 9909 Fax: 09-744 6663
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PAHANG Amanah Saham Nasional Bhd 71& 73, Tingkat Bawah Jalan Tun Ismail 25000 Kuantan Pahang Tel: 09-517 8340/517 8341 Fax: 09-513 6694 PULAU PINANG MELAKA Amanah Saham Nasional Bhd No. 11 & 13 Kompleks Perniagaan Al Azim Jalan KPAA 1, Bukit Baru 75150 Melaka Tel: 06-282 7361/284 0690 Fax: 06-283 9940 SARAWAK Amanah Saham Nasional Bhd Tingkat Bawah & 1 Lot 335 Seksyen 9 KTLD Jalan Rubber 93400 Kuching Sarawak Tel: 082-250 389/410 210 Fax: 082-250 313 Amanah Saham Nasional Bhd Lot 886, Block 9 MCLD Miri Waterfront Commercial Centre 98000 Miri Sarawak Tel: 085-423 746/419 984 Fax: 085-423 384 Amanah Saham Nasional Bhd 4C, Ground Floor Lot 832 Jalan Sabu 95000 Sri Aman Sarawak Tel: 083-321 742 Fax: 083-323 233 Amanah Saham Nasional Bhd Lot 1007 & 1008 Jalan Kampung Nyabor 96000 Sibu Sarawak Tel: 084-314 967 Fax: 084-322 497
Amanah Saham Nasional Bhd* 2777, Jalan Chain Ferry Taman Inderawasih 13600 Perai Pulau Pinang Tel: 04-399 4378/399 4381 Fax: 04-399 4404 Amanah Saham Nasional Berhad A-12A-1 Lorong Bayan Indah 4 11900 Bayan Lepas Pulau Pinang Tel: 04-640 6522/640 6523 Fax: 04-640 6520 PERAK Amanah Saham Nasional Bhd No.8 & 8A, Persiaran Greentown 1 Greentown Business Centre 30450 Ipoh Perak Tel: 05-255 5500/255 5505 Fax: 05-255 5506 Amanah Saham Nasional Berhad No. 273 Jalan Intan 12 Bandar Baru Teluk Intan 36000 Teluk Intan Perak Tel: 05-6215153 Fax: 05-6215150
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SABAH Amanah Saham Nasional Bhd Tkt Bawah & 1, Blok G Lot 55 Asiacity Phase 1B Peti Surat 12149 88000 Kota Kinabalu Sabah Tel: 088-257 725/241 011 Fax: 088-218 814 Amanah Saham Nasional Bhd TB 4287 & TB 4280 Tkt Bawah & 1 Town Ext II Jalan Masjid Kompleks Fajar 91000 Tawau Sabah Tel: 089-779 389/779 390/779 391 Fax: 089-776 600 Amanah Saham Nasional Bhd Lot 15, Tingkat Bawah Bandar Pasaraya Fasa 1 90000 Sandakan, Sabah Tel: 089-210486/223530 Fax: 089-210597 Note:* ASNB office which only provides NON-CASH transaction.
18.2
CUSTOMER AND AGENT RELATIONS DEPARTMENT Amanah Saham Nasional Berhad Jabatan Perhubungan Pelanggan & Ejen UG, Balai PNB 201-A, Jalan Tun Razak 50400 Kuala Lumpur Hotline : 03-2057 3000/03-2057 3111 Fax : 03-2050 5220 Website : www.asnb.com.my Email : asnbcare@pnb.com.my
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19.
LIST OF AGENTS
MALAYAN BANKING BERHAD RHB BANK BERHAD CIMB BANK BERHAD POS MALAYSIA BERHAD 404 BRANCHES 189 BRANCHES 347 BRANCHES 720 BRANCHES
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ASNB MASTER PROSPECTUS 2011/2012 ASNB MASTERPROSPECTUS 2011/2012
20.
APPLICATION FORMS AND DISCLOSURE STATEMENT
LOAN
FINANCING
RISK
The application forms for investment in ASN, ASN 2, ASN 3, ASG, ASB, ASW 2020, ASM, ASD and AS 1Malaysia and the loan financing risk disclosure statement are enclosed.
| 20.APPLICATION FORMS AND LOAN FINANCING RISK DISCLOSURE 143 STATEMENT www.asnb.com.my 20. APPLICATION FORM AND LOAN FINANCING RISK DISCLOSURE 143 STATEMENT
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V.02/2008
1) Berdasarkan keperluan kepada Akta Pasaran Modal dan Perkhidmatan 2007 (CMSA), borang pendaftaran tidak boleh diedarkan tanpa diiringi oleh Prospektus Induk dan sebarang Prospektus Induk Tambahan yang berkenaan. 2) Pelabur dinasihatkan membaca Prospektus Induk dan sebarang Prospektus Induk Tambahan yang berkenaan terlebih dahulu sebelum mengisi borang pendaftaran. 3 4
V.02/2008
* Isikan Caj Jualan Berkaitan
Saya telah membaca dan memahami isi kandungan Suratikatan dan Suratikatan Tambahan yang berkaitan, Prospektus Induk dan sebarang Prospektus Induk Tambahan dan bersetuju mematuhi dan terikat dengan syarat-syarat dan peraturan-peraturan yang terkandung di dalam Suratikatan dan sebarang tambahan dan perubahan kepadanya yang berkaitan dengan permohonan unit-unit yang didaftarkan semasa permohonan atau sesudah itu. Saya juga bersetuju bahawa Amanah Saham Nasional Berhad, berhak secara mutlak untuk membatalkan pendaftaran dan menarik balik unit-unit yang saya miliki sekiranya didapati bahawa mana-mana penyataan yang telah saya buat di dalam permohonan ini tidak benar atau palsu. Saya juga memohon bahawa terdapat yuran dan caj yang akan dikenakan, secara langsung atau tidak langsung apabila saya membuat pelaburan dalam tabung tersebut.
1) Berdasarkan keperluan kepada Akta Pasaran Modal dan Perkhidmatan 2007 (CMSA), borang pendaftaran tidak boleh diedarkan tanpa diiringi
KOD PEKERJAAN (KLASIFIKASI TERPERINCI SKOP DAN JENIS)

A. A01. A02. A03. A04. A05. A06. A07. A08. A09. B. B01. B02. B03. B04. B05. B06. B07. B08. B09. B10. B11. B12. B13. B14. B15. B16. B17. B18. B19. B20. B21. B22. B23. B24. B25. B26. B27. B28. B29. B30. B31. B32. B33. B34. B35. B36. B37. B38. B39. B40. B41. C. C01. C02. C03. C04. C05. C06. C07. Pentadbiran dan Pengurusan Ahli Politik Ketua Pegawai Eksekutif Pegawai Kerajaan Pegawai Perundangan Pengarah Syarikat Pengerusi Syarikat (Chairman) Pengurus Pengurus Besar Lain-lain Profesional Teknikal dan yang berkaitan Ahli Ekonomi (Economist) Ahli Farmasi (Pharmacist) Ahli Fisioterapi (Physiotherapist) Ahli Keagamaan (Workers in Religion) Ahli Matematik dan Aktuari (Mathematician & Actuary) Ahli Optometri (Optometrist) Ahli Sains (Scientist) Ahli Sukan (Sportsman) Ahli Teknologi (Technologist) Akauntan Arkitek Doktor/Pegawai Perubatan Eksekutif Sektor Swasta Guru Hakim Juruanalisa Pelaburan (Investment Analyst) Juruanalisa Sistem (System Analyst) Juruaudit (Auditor) Jurugambar (Photographer) Jururawat (Nurse) Jurutera (Engineer) Juruterbang (Pilot) Juruukur (Surveyor) Kapten Kapal Laut (Navigator) Majistret Pegawai Institusi Kewangan Peguam Pelukis Pelukis Pelan (Draughtsman) Pemuzik Penerbit Pengarang Pengaturcara Komputer (Programmer) Pengubah (Composer) Pensyarah Penyanyi dan Pelakon Penyunting (Editor) Perangkawan (Statistician) Veterinar Wartawan Lain-lain Setiausaha dan Perkeranian Jurutrengkas (Stenographer) Juruwang (Cashier) Kerani Penyambut Tetamu dan Operator (Receptionist) Penyelia Perkeranian (Clerical Supervisor) Setiausaha (Secretary) Lain-lain D. D01. D02. D03. D04. D05. D06. D07. D08. D09. E. E01. E02. E03. E04. E05. E06. F. F01. F02. F03. F04. F05. F06. G. G01. G02. G03. G04. G05. G06. G07. G08. G09. G10. H. H01. H02. H03. H04. H05. H06. H07. H08. I01 J01 K01 L01 M01 N01 Perkhidmatan Bomba Imigresen Jabatan Pengangkutan Jalan Kastam Pengawal Keselamatan Polis Tentera Warden Perkhidmatan Berpakaian Seragam Lain Jualan Ejen Insurans Hartanah dan Sekuriti Ejen Saham Amanah Ejen Pelancongan Jurujual dan Pembantu Kedai Jurulelong (Auctioneer) Lain-lain Pertanian, Ternakan, Perhutanan dan Nelayan Nelayan Pekerja Perhutanan/Pembalak Pekerja Pertanian/Perladangan dan Petani Peneroka/Pekebun Penternak Lain-lain Pengeluaran dan Buruh Buruh Formen Mekanik Operator/Penyelia Pengeluaran Petukang Kayu Pelombong dan Pekerja Kuari Pembuat Barangan Logam, Tembikar dan Emas Pemintal, Penenun, Pengait dan Pencelup Tukang Paip (Plumber) Lain-lain Bekerja Sendiri Juru Perunding (Consultant) Kontraktor Pekedai Runcit Pemborong Peniaga Kecil-kecilan Remiser Usahawan Lain-lain Pesara (Pensioner) Surirumah (Housewife) Pelajar Kanak-kanak Tidak Bekerja Lain-lain
KOD PENDAPATAN (KUMPULAN GAJI)

01 02 03 Kurang dari RM1,000 sebulan RM1,001 hingga RM2,000 sebulan RM2,001 hingga RM3,000 sebulan 04 05 RM3,001 hingga RM5,000 sebulan Melebihi RM5,001 sebulan
V.02/2008
1) Berdasarkan keperluan kepada Akta Pasaran Modal dan Perkhidmatan 2007 (CMSA), borang pendaftaran tidak boleh diedarkan tanpa diiringi oleh Prospektus Induk dan sebarang Prospektus Induk Tambahan yang berkenaan. 2) Pelabur dinasihatkan membaca Prospektus Induk dan sebarang Prospektus Induk Tambahan yang berkenaan terlebih dahulu sebelum mengisi borang pendaftaran. 3 4
V.02/2008
* Isikan Caj Jualan Berkaitan
1) Berdasarkan keperluan kepada Akta Pasaran Modal dan Perkhidmatan 2007 (CMSA), borang pendaftaran tidak boleh diedarkan tanpa diiringi
AMANAH SAHAM NASIONAL BERHAD

PENYATA PENDEDAHAN RISIKO PELABURAN DALAM SAHAM AMANAH MENERUSI PINJAMAN
Melabur di dalam saham amanah menerusi pinjaman mempunyai risiko yang Iebih tinggi berbanding dengan menggunakan wang sendiri
Anda hendaklah menilai sama ada pelaburan menerusi pinjaman adalah sesuai untuk anda berdasarkan objektif anda, tanggapan anda terhadap risiko dan kedudukan kewangan anda. Anda perlu peka terhadap risiko-risiko terbabit seperti:1. Lebih tinggi had pinjaman (iaitu jumlah wang yang dipinjam bagi setiap ringgit wang anda yang diletakkan sebagai pendahuluan), maka lebih tinggilah potensi untuk mengalami kerugian atau mendapat keuntungan. Anda perlu menilai sama ada anda berupaya membuat pembayaran balik pinjaman. Sekiranya pinjaman anda dibuat dengan kadar faedah yang berubah-ubah, dan jika berlaku kenaikan faedah, maka jumlah bayaran balik pinjaman anda akan meningkat. Jika harga unit jatuh di bawah sesuatu paras harga, anda mungkin diminta untuk menyediakan cagaran tambahan yang sesuai atau bayaran tambahan kepada ansuran biasa. Jika anda gagal berbuat demikian di dalam tempoh masa yang ditetapkan, maka unit-unit anda mungkin dijualbalik. Pendapatan dari saham amanah adalah tidak terjamin dan tidak tetap setiap masa. Ini bermakna anda mungkin mendapat keuntungan yang tinggi dalam sesuatu tahun, dan mungkin akan mengalami kerugian pada tahun yang lain. Kemungkinan anda meraih keuntungan ataupun kerugian bergantung kepada masa bilamana anda menjual unit-unit anda. Nilai unit-unit mungkin akan jatuh semasa anda memerlukan semula wang walaupun pelaburan tersebut menunjukkan prestasi yang baik di masa lampau.
2.
3.
4.
Penyata ringkas di atas tidak dapat mendedahkan semua risiko-risiko dan lain-lain aspek berkenaan pembiayaan atau pinjaman. Anda hendaklah meneliti secara terperinci syarat-syarat yang dikenakan sebelum anda membuat keputusan untuk mengambil pinjaman. Sekiranya anda masih ragu-ragu tentang sebarang aspek risiko ini atau syarat-syarat pinjaman, anda hendaklah merujuk kepada institusi yang menawarkan pinjaman tersebut.
PENGESAHAN PENERIMAAN PENYATA PENDEDAHAN RISIKO

Saya mengesahkan bahawa saya telah menerima satu salinan Penyata Pendedahan Risiko Pelaburan Dalam Saham Amanah Menerusi Pinjaman dan telah memahami isi kandungan yang telah diterangkan kepada saya.
Tandatangan : Tarikh :
No. Ahli
Nama Penuh : No. K/P : Cap Ibu Jari Kiri :
V.02/2008
1) Berdasarkan keperluan kepada Akta Pasaran Modal dan Perkhidmatan 2007 (CMSA), borang pendaftaran tidak boleh diedarkan tanpa diiringi oleh Prospektus Induk dan sebarang Prospektus Induk Tambahan yang berkenaan. 2) Pelabur dinasihatkan membaca Prospektus Induk dan sebarang Prospektus Induk Tambahan yang berkenaan terlebih dahulu sebelum mengisi borang pendaftaran. 3 4 5
V.02/2008
KOD PEKERJAAN (KLASIFIKASI TERPERINCI SKOP DAN JENIS)

A. A01. A02. A03. A04. A05. A06. A07. A08. A09. B. B01. B02. B03. B04. B05. B06. B07. B08. B09. B10. B11. B12. B13. B14. B15. B16. B17. B18. B19. B20. B21. B22. B23. B24. B25. B26. B27. B28. B29. B30. B31. B32. B33. B34. B35. B36. B37. B38. B39. B40. B41. C. C01. C02. C03. C04. C05. C06. C07. Pentadbiran dan Pengurusan Ahli Politik Ketua Pegawai Eksekutif Pegawai Kerajaan Pegawai Perundangan Pengarah Syarikat Pengerusi Syarikat (Chairman) Pengurus Pengurus Besar Lain-lain Profesional Teknikal dan yang berkaitan Ahli Ekonomi (Economist) Ahli Farmasi (Pharmacist) Ahli Fisioterapi (Physiotherapist) Ahli Keagamaan (Workers in Religion) Ahli Matematik dan Aktuari (Mathematician & Actuary) Ahli Optometri (Optometrist) Ahli Sains (Scientist) Ahli Sukan (Sportsman) Ahli Teknologi (Technologist) Akauntan Arkitek Doktor/Pegawai Perubatan Eksekutif Sektor Swasta Guru Hakim Juruanalisa Pelaburan (Investment Analyst) Juruanalisa Sistem (System Analyst) Juruaudit (Auditor) Jurugambar (Photographer) Jururawat (Nurse) Jurutera (Engineer) Juruterbang (Pilot) Juruukur (Surveyor) Kapten Kapal Laut (Navigator) Majistret Pegawai Institusi Kewangan Peguam Pelukis Pelukis Pelan (Draughtsman) Pemuzik Penerbit Pengarang Pengaturcara Komputer (Programmer) Pengubah (Composer) Pensyarah Penyanyi dan Pelakon Penyunting (Editor) Perangkawan (Statistician) Veterinar Wartawan Lain-lain Setiausaha dan Perkeranian Jurutrengkas (Stenographer) Juruwang (Cashier) Kerani Penyambut Tetamu dan Operator (Receptionist) Penyelia Perkeranian (Clerical Supervisor) Setiausaha (Secretary) Lain-lain D. D01. D02. D03. D04. D05. D06. D07. D08. D09. E. E01. E02. E03. E04. E05. E06. F. F01. F02. F03. F04. F05. F06. G. G01. G02. G03. G04. G05. G06. G07. G08. G09. G10. H. H01. H02. H03. H04. H05. H06. H07. H08. I01 J01 K01 L01 M01 N01 Perkhidmatan Bomba Imigresen Jabatan Pengangkutan Jalan Kastam Pengawal Keselamatan Polis Tentera Warden Perkhidmatan Berpakaian Seragam Lain Jualan Ejen Insurans Hartanah dan Sekuriti Ejen Saham Amanah Ejen Pelancongan Jurujual dan Pembantu Kedai Jurulelong (Auctioneer) Lain-lain Pertanian, Ternakan, Perhutanan dan Nelayan Nelayan Pekerja Perhutanan/Pembalak Pekerja Pertanian/Perladangan dan Petani Peneroka/Pekebun Penternak Lain-lain Pengeluaran dan Buruh Buruh Formen Mekanik Operator/Penyelia Pengeluaran Petukang Kayu Pelombong dan Pekerja Kuari Pembuat Barangan Logam, Tembikar dan Emas Pemintal, Penenun, Pengait dan Pencelup Tukang Paip (Plumber) Lain-lain Bekerja Sendiri Juru Perunding (Consultant) Kontraktor Pekedai Runcit Pemborong Peniaga Kecil-kecilan Remiser Usahawan Lain-lain Pesara (Pensioner) Surirumah (Housewife) Pelajar Kanak-kanak Tidak Bekerja Lain-lain
KOD PENDAPATAN (KUMPULAN GAJI)

01 02 03 Kurang dari RM1,000 sebulan RM1,001 hingga RM2,000 sebulan RM2,001 hingga RM3,000 sebulan 04 05 RM3,001 hingga RM5,000 sebulan Melebihi RM5,001 sebulan
V.02/2008
1) Berdasarkan keperluan kepada Akta Pasaran Modal dan Perkhidmatan 2007 (CMSA), borang pendaftaran tidak boleh diedarkan tanpa diiringi oleh Prospektus Induk dan sebarang Prospektus Induk Tambahan yang berkenaan. 2) Pelabur dinasihatkan membaca Prospektus Induk dan sebarang Prospektus Induk Tambahan yang berkenaan terlebih dahulu sebelum mengisi borang pendaftaran. 3 4 5
V.02/2008

2.
3.
4.

No. Ahli
PENDAFTARAN PENDAFTARAN
REGISTRATION REGISTRATION
ASNB DFDF ASNB

V.01/2008 V.01/2008
Akaun Dewasa / Remaja / Bijak Akaun Dewasa / Remaja / Bijak

For Akaun Dewasa / Remaja / Bijak For Akaun Dewasa / Remaja / Bijak
Sila tandakan pada petak yang berkenaan / / Please tick where applicable Sila tandakan (/)(/) pada petak yang berkenaanPlease tick (/) (/) where applicable
ASAL ASAL
2.MAKLUMAT PERBANKAN PEMEGANG UNIT/PENJAGA BERDAFTAR/BANKING DETAILS OF OF UNIT HOLDER/REGISTERED GUARDIAN 2.MAKLUMAT PERBANKAN PEMEGANG UNIT/PENJAGA BERDAFTAR/BANKING DETAILS UNIT HOLDER/REGISTERED GUARDIAN
Dengan memberikan maklumat perbankan seperti di bawah, pemohon dengan ini membenarkan ASNB menggunakan akaun tersebut bagi urus niaga berkaitan dengan pelaburan unitunit amanah ASNB/ Dengan memberikan maklumat perbankan seperti di bawah, pemohon dengan ini membenarkan ASNB menggunakan akaun tersebut bagi urus niaga berkaitan dengan pelaburan amanah ASNB/ With thethe banking details given, the applicant has hereby allowed ASNBuseuse the bank accountperform anyany investment related transactionASNB's unitunit trust product With banking details given, the applicant has hereby allowed ASNB to to the bank account to to perform investment related transaction of of ASNB's trust product
1. BUTIR PERIBADI BAGI AKAUN DEWASA/PENJAGA BERDAFTAR BAGI AKAUN REMAJA/BIJAK/PERSONAL DETAILS FOR AKAUN DEWASA/REGISTERED GUARDIAN FOR AKAUN REMAJA/BIJAK 1. BUTIR PERIBADI BAGI AKAUN DEWASA/PENJAGA BERDAFTAR BAGI AKAUN REMAJA/BIJAK/PERSONAL DETAILS FOR AKAUN DEWASA/REGISTERED GUARDIAN FOR AKAUN REMAJA/BIJAK
Bank Pilihan Bank Pilihan
/Preferred Bank /Preferred Bank
Maybank Maybank
CIMB Bank CIMB Bank
RHB Bank RHB Bank Jenis Akaun Jenis Akaun
Lain-Lain/Others Lain-Lain/Others Semasa/Current Semasa/Current Simpanan/Saving Simpanan/Saving
Gelaran/Tittle Gelaran/Tittle
Encik/Mr Encik/Mr
Puan/Mrs Puan/Mrs
Cik/Miss Cik/Miss
Lain-lain/Others Lain-lain/Others
Nombor Akaun Nombor Akaun
Nama/Name (Seperti di KadKad Pengenalan/Pasportper NRIC/Passport) Nama/Name (Seperti di Pengenalan/Pasport/As /As per NRIC/Passport)
/Account Number /Account Number 3.MAKLUMAT PENGESAHAN/VERIFICATION DETAIL 3.MAKLUMAT PENGESAHAN/VERIFICATION DETAIL
/Account Type /Account Type
Nama Ibu Nama Ibu Pengenalan Diri/ID/ID Description Pengenalan Diri Description Kad Pengenalan/Identity Card Kad Pengenalan/Identity Card Jantina/Gender Jantina/Gender Lelaki/Male Lelaki/Male Perempuan/Female Perempuan/Female Lain-lain Lain-lain
/Others /Others
/Mother's Name /Mother's Name 4.BUTIR PERIBADI BAGI AKAUN REMAJA/BIJAK/PERSONAL DETAILS FOR REMAJA/BIJAK ACCOUNT 4.BUTIR PERIBADI BAGI AKAUN REMAJA/BIJAK/PERSONAL DETAILS FOR REMAJA/BIJAK ACCOUNT
Nama/Name Nama/Name
- Polis Polis
/Police /Police
- Sijil Kelahiran Sijil Kelahiran

/Birth Certificate /Birth Certificate
Tentera Tentera
/Army /Army
Tarikh Lahir/Date of of Birth Tarikh Lahir/Date Birth

hr/bln/thn/dd/mm/yyyy hr/bln/thn/dd/mm/yyyy
Pengenalan Diri/ID/ID Description Pengenalan Diri Description Kad Pengenalan/Identity Card Kad Pengenalan/Identity Card Jantina/Gender Jantina/Gender Lelaki/Male Lelaki/Male Perempuan/Female Perempuan/Female Tarikh Lahir/Date of of Birth Tarikh Lahir/Date Birth
hr/bln/thn/dd/mm/yyyy hr/bln/thn/dd/mm/yyyy
Perlu diisi jika no. kad kad pengenalan tidak disertakan/Mandatory no. not given Perlu diisi jika no. pengenalan tidak disertakan/Mandatory if ic if ic no. not given
- Sijil Kelahiran Sijil Kelahiran

/Birth Certificate /Birth Certificate
- -
Bangsa/Race Bangsa/Race Melayu/Malay Melayu/Malay Sabahan/Sabahan Sabahan/Sabahan Agama/Religion Islam/Muslim Agama/Religion Islam/Muslim Alamat Tetap/Permanent Address Alamat Tetap/Permanent Address
Cina/Chinese Cina/Chinese
India/Indian India/Indian
Portugis/Portugese Portugis/Portugese
Siam/Siamese Siam/Siamese Lain-lain/Others Lain-lain/Others
Orang Asli/Native Orang Asli/Native
Sarawak/Sarawakian Sarawak/Sarawakian Bukan Islam/Non-Muslim Bukan Islam/Non-Muslim
Lain-lain Lain-lain
/Others /Others
Perlu diisi jika no. kad kad pengenalan tidak disertakan/Mandatory no. not given Perlu diisi jika no. pengenalan tidak disertakan/Mandatory if ic if ic no. not given
Bangsa/Race Bangsa/Race Melayu/Malay Melayu/Malay Sabahan/Sabahan Sabahan/Sabahan Agama/Religion Islam/Muslim Agama/Religion Islam/Muslim Alamat Tetap/Permanent Address Alamat Tetap/Permanent Address
Cina/Chinese Cina/Chinese
India/Indian India/Indian
Portugis/Portugese Portugis/Portugese
Siam/Siamese Siam/Siamese Lain-lain/Others Lain-lain/Others
Orang Asli/Native Orang Asli/Native
Sarawak/Sarawakian Sarawak/Sarawakian Bukan Islam/Non-Muslim Bukan Islam/Non-Muslim
Poskod/Postcode Poskod/Postcode Negeri/State Negeri/State Negara/Country Negara/Country Alamat Surat Menyurat/Correspondence Address (Jika(Jika berbeza dengan alamat di atas/If different from above) Alamat Surat Menyurat/Correspondence Address berbeza dengan alamat di atas/If different from the the above)
Hubungan Dengan Penjaga Berdaftar Hubungan Dengan Penjaga Berdaftar

/Relationship with Registered Guardian /Relationship with Registered Guardian
Poskod/Postcode Poskod/Postcode Poskod/Postcode Poskod/Postcode Negeri/State Negeri/State No No Telefon Rumah Telefon Rumah
/House Telephone No. No. /House Telephone
Negeri/State Negeri/State No No Telefon Rumah Telefon Rumah

/House Telephone No. No. /House Telephone 5.PERAKUAN DAN PERSETUJUAN/DECLARATION AND AGREEMENT 5.PERAKUAN DAN PERSETUJUAN/DECLARATION AND AGREEMENT
Negara/Country Negara/Country NoNo Telefon Bimbit Telefon Bimbit

/Handphone No.No. /Handphone
Negara/Country Negara/Country NoNo Telefon Pejabat Telefon Pejabat

/Office Telephone No. /Office Telephone No.
NoNo Telefon Bimbit Telefon Bimbit

/Handphone No.No. /Handphone
No Faks No Faks
/Fax No. /Fax No.
Alamat Emel Alamat Emel
/Email Address /Email Address

(Saya bersetuju untuk menerima maklumat berkaitan pelaburan melalui/I agree to receive any information related to investment via:) (Saya bersetuju untuk menerima maklumat berkaitan pelaburan melalui/I agree to receive any information related to investment via:)
Dengan ini ini saya mengesahkan bahawa butir-butir yang telah diberikan adalah benar dan mengaku telah membaca dan memahami Suratikatan dan Suratikatan Tambahan, Dengan saya mengesahkan bahawa butir-butir yang telah diberikan adalah benar dan mengaku telah membaca dan memahami Suratikatan dan Suratikatan Tambahan, Prospektus Induk dan Prospektus Induk Tambahan serta bersetuju mematuhi dan terikat dengan peraturan yang terkandung di dalamnya. Saya juga bersetuju bahawa Amanah Prospektus Induk dan Prospektus Induk Tambahan serta bersetuju mematuhi dan terikat dengan peraturan yang terkandung di dalamnya. Saya juga bersetuju bahawa Amanah Saham Nasional Berhad, berhak secara mutlak untuk membatalkan pendaftaran dan menarik balik unit-unit yang saya miliki (termasuk pengagihan pendapatan, bonus serta Saham Nasional Berhad, berhak secara mutlak untuk membatalkan pendaftaran dan menarik balik unit-unit yang saya miliki (termasuk pengagihan pendapatan, bonus serta kelayakan lain) sekiranya didapati bahawa mana-mana pernyataan yang telah saya buat di dalam permohonan ini ini tidak benar atau palsu. Saya juga mengesahkan bahawa kelayakan lain) sekiranya didapati bahawa mana-mana pernyataan yang telah saya buat di dalam permohonan tidak benar atau palsu. Saya juga mengesahkan bahawa pelaburan ini tidak bercanggah dengan mana-mana peruntukan dalam Akta Pencegahan Penggubahan Wang Haram 2001 (AMLA 2001) pelaburan ini tidak bercanggah dengan mana-mana peruntukan dalam Akta Pencegahan Penggubahan Wang Haram 2001 (AMLA 2001)
Emel/Email Emel/Email
Pos/Post Pos/Post
Telefon/Telephone Telefon/Telephone
Khidmat Pesanan Ringkas/Short Messaging Service (SMS) Khidmat Pesanan Ringkas/Short Messaging Service (SMS)
Tidak Berminat/Not Interested Tidak Berminat/Not Interested
Bahasa Pilihan Bahasa Pilihan
/Preferred Language /Preferred Language /Marital Status /Marital Status
B.Malaysia/B.Malaysia B.Malaysia/B.Malaysia
B.Inggeris/English B.Inggeris/English Berkahwin/Married Bilangan Anak Mengikut Umur Berkahwin/Married Bilangan Anak Mengikut Umur /No. of of children by age /No. children by age Universiti/University Universiti/University RM3,001 RM3,001 - RM5,000 RM5,000 RM5,001 RM5,001 - RM8,000 RM8,000
/Officer & Executive /Officer & Executive
I, hereby confirmed that all the the details provided are true and I have read and understand the Trust Deed and Supplementary Trust Deed, Master Prospectus and Supplementary Master Prospectus and agree to I, hereby confirmed that all details provided are true and I have read and understand the Trust Deed and Supplementary Trust Deed, Master Prospectus and Supplementary Master Prospectus and agree to comply and bound with the the rules and regulations stated. I also concur to ASNB hashas the ultimate right cancel this this registration and withdraw the units (inclusiveincome distributions, bonuses and anyany other comply and bound with rules and regulations as as stated. I also concur to ASNB the ultimate right to to cancel registration and withdraw the units (inclusive of of income distributions, bonuses and other benefits) that I owned if there is anyany misleading detailsthis this declaration. I further declare that funds invested under the the ASNB does notanyany way contravene any provisionsthe the law including Anti Money benefits) that I owned if there is misleading details in in declaration. I further declare that all all funds invested under ASNB does not in in way contravene any provisions of of law including Anti Money Laundring ActAct 2001 (AMLA 2001). Laundring 2001 (AMLA 2001).
Bujang/Single Taraf Perkahwinan Taraf Perkahwinan Bujang/Single Taraf Pendidikan Taraf Pendidikan
/Education Level /Education Level /Monthly Income /Monthly Income /Occupation /Occupation
0-12 tahun 0-12 tahun

/0-12 years /0-12 years
13-18 tahun 13-18 tahun

/13-18 years /13-18 years
Sekolah Menengah/Rendah Sekolah Menengah/Rendah

/Secondary/Primary /Secondary/Primary
Profesional/Professional Profesional/Professional RM8,001 RM8,001 - RM15,000 RM15,000

/Armed Forces /Armed Forces /Police /Police
Tandatangan Remaja Tandatangan Remaja RM20,001RM20,001keke atas/above atas/above Guru & Pensyarah Guru & Pensyarah
/Teacher & Lecturer /Teacher & Lecturer /Others /Others
Tarikh Pendaftaran/ Tarikh Pendaftaran/ Date of Registration Date of Registration No No Ahli/ Ahli/ Member No:No: Member No No Buku Pelaburan/ Siri Siri Buku Pelaburan/ Investment Book Serial No:No: Investment Book Serial
Pendapatan Bulanan Pendapatan Bulanan Pekerjaan Pekerjaan
Sehingga/Up/Up to Sehingga to RM1,500 RM1,500 Profesional Profesional

/Professional /Professional
RM1,501 - RM1,501 RM3,000 RM3,000 Pengurusan Pengurusan
RM15,001RM15,001RM20,000 RM20,000 Perkeranian Perkeranian

/Clerical /Clerical
/Signature of of Minor /Signature Minor
DAN/and DAN/and Cap IbuIbu Jari Kiri/Left Thumb Print Cap Jari Kiri/Left Thumb Print
DAN/and DAN/and Tandatangan Dewasa/Penjaga Berdaftar Tandatangan Dewasa/Penjaga Berdaftar Cap IbuIbu Jari Kiri/Left Thumb Print Cap Jari Kiri/Left Thumb Print
/Signature of Adult/Registered Guardian /Signature of Adult/Registered Guardian
/Management /Management
Pegawai & Eksekutif Pegawai & Eksekutif Tentera Tentera Suri Rumah Suri Rumah
/Housewife /Housewife /Finance /Finance
Polis Polis
Tarikh/Date Tarikh/Date
UNTUK KEGUNAAN ASNB/EJEN SAHAJA/FOR ASNB/AGENT USE ONLY UNTUK KEGUNAAN ASNB/EJEN SAHAJA/FOR ASNB/AGENT USE ONLY
Nama Penerima/ Nama Penerima/ Name of Recipient: Name of Recipient:
Tarikh/Date Tarikh/Date
Perniagaan Sendiri Perniagaan Sendiri

/Business Owner /Business Owner
Tenaga Kerja Mahir Tenaga Kerja Mahir

/Skilled Workers /Skilled Workers
Pesara Pesara
/Pensioner /Pensioner
Pelajar Pelajar
/Student /Student /Unemployed /Unemployed
Tidak Bekerja Tidak Bekerja Lain-Lain Lain-Lain
Sektor Pekerjaan Sektor Pekerjaan
/Occupation Sector /Occupation Sector
Kerajaan Kerajaan
/Services /Services
/Goverment /Goverment
Pertanian Pertanian
Perkhidmatan Perkhidmatan
/Agriculture /Agriculture /Education /Education
Kewangan Kewangan Lain-Lain Lain-Lain

/Others /Others
Pengilangan Pengilangan
Pendidikan Pendidikan
/Manufacturing /Manufacturing
Cop Rasmi Cop Rasmi

Disahkan Terima/ Disahkan Terima/ Acknowledgement Acknowledgement of Acceptance: of Acceptance:
PENDAFTARAN PENDAFTARAN PENDAFTARAN

REGISTRATION REGISTRATION REGISTRATION
ASNB DFDFDF ASNB ASNB SALINAN SALINAN ASAL

V.01/2008 V.01/2008 V.01/2008
Akaun Dewasa / Remaja / Bijak Akaun Dewasa / Remaja / Bijak Akaun Dewasa / Remaja / Bijak
For Akaun Dewasa / Remaja / Bijak For Akaun Dewasa / Remaja / Bijak For Akaun Dewasa / Remaja / Bijak
Sila tandakan (/)(/)(/) pada petak yang berkenaanPlease tick (/) (/) where applicable Sila tandakan pada petak yang berkenaan / / Please tick where applicable Sila tandakan pada petak yang berkenaan / Please tick (/) where applicable
2.MAKLUMAT PERBANKAN PEMEGANG UNIT/PENJAGA BERDAFTAR/BANKING DETAILS OF OF OFHOLDER/REGISTERED GUARDIAN 2.MAKLUMAT PERBANKAN PEMEGANG UNIT/PENJAGA BERDAFTAR/BANKING DETAILS UNIT UNIT HOLDER/REGISTERED GUARDIAN 2.MAKLUMAT PERBANKAN PEMEGANG UNIT/PENJAGA BERDAFTAR/BANKING DETAILS UNIT HOLDER/REGISTERED GUARDIAN
Dengan memberikan maklumat perbankan sepertisepertibawah, pemohon dengan membenarkan ASNB menggunakan akaun akaun tersebut bagi urus berkaitan dengan pelaburan unitunitunit amanah ASNB/ Dengan memberikan maklumat perbankan sepertibawah, pemohon dengan ini ini membenarkan ASNB menggunakan akaun tersebut bagi urus niaga berkaitan dengan pelaburan amanah ASNB/ Dengan memberikan maklumat perbankan di di di bawah, pemohon dengan ini membenarkan ASNB menggunakan tersebut bagi urus niaga niaga berkaitan dengan pelaburan amanah ASNB/ With thethethe banking details given, the applicant has hereby allowedto useuseuse theaccount to perform anyanyany investment related transactionASNB's unitunit trust product With banking details given, thethe applicant has hereby allowed ASNB to thethe bank account to perform investment related transaction of ASNB's ASNB's trust product With banking details given, applicant has hereby allowed ASNB ASNB to bank bank account to perform investment related transaction of of unit trust product
1. BUTIR BUTIR PERIBADI BAGI AKAUN DEWASA/PENJAGA BERDAFTAR BAGI AKAUN REMAJA/BIJAK/PERSONAL DETAILS FOR AKAUN DEWASA/REGISTERED GUARDIAN FOR AKAUN REMAJA/BIJAK 1. BUTIR PERIBADI BAGI AKAUN DEWASA/PENJAGA BERDAFTAR BAGI AKAUN REMAJA/BIJAK/PERSONAL DETAILS FOR AKAUN DEWASA/REGISTERED GUARDIAN FOR AKAUN REMAJA/BIJAK 1. PERIBADI BAGI AKAUN DEWASA/PENJAGA BERDAFTAR BAGI AKAUN REMAJA/BIJAK/PERSONAL DETAILS FOR AKAUN DEWASA/REGISTERED GUARDIAN FOR AKAUN REMAJA/BIJAK
BankBank Pilihan Bank Pilihan Pilihan
/Preferred Bank Bank /Preferred Bank /Preferred
Maybank Maybank Maybank
CIMB BankBank CIMB Bank CIMB
RHB BankBank RHB Bank RHB JenisJenis Akaun Jenis Akaun Akaun
Lain-Lain/Others Lain-Lain/Others Lain-Lain/Others
Gelaran/Tittle/Tittle Encik/Mr /Mr PuanPuan/Mrs Cik/Miss /Miss Lain-lain/Others Gelaran/Tittle Gelaran Encik/Mr Encik Puan/Mrs /Mrs Cik/Miss Cik Lain-lain/Others Lain-lain/Others Nama/Name (Seperti di KadKadKad Pengenalan/PasportNRIC/Passport) Nama/Name (Seperti di di Pengenalan/Pasportper per NRIC/Passport) Nama/Name (Seperti Pengenalan/Pasport/As /As /As per NRIC/Passport)
Nombor Akaun Nombor Akaun Nombor Akaun
/Account Number /Account Number /Account Number 3.MAKLUMAT PENGESAHAN/VERIFICATION DETAIL 3.MAKLUMAT PENGESAHAN/VERIFICATION DETAIL 3.MAKLUMAT PENGESAHAN/VERIFICATION DETAIL
Semasa/Current Simpanan/Saving Simpanan/Saving Semasa/Current Simpanan/Saving /Account Type Type Semasa/Current /Account Type /Account
Nama Ibu Ibu Nama Ibu Nama Pengenalan Diri/ID/ID/ID Description Pengenalan Diri Description Pengenalan Diri Description Kad Kad Pengenalan/Identity Card Kad Pengenalan/Identity Card Pengenalan/Identity Card Jantina/Gender Jantina/Gender Jantina/Gender Lelaki/Male Lelaki/Male Lelaki/Male Perempuan/Female Perempuan/Female Perempuan/Female Lain-lain Lain-lain Lain-lain
/Others /Others /Others
/Mother's Name /Mother's Name /Mother's Name 4.BUTIR PERIBADI BAGI BAGI AKAUN REMAJA/BIJAK/PERSONAL DETAILS FOR REMAJA/BIJAK ACCOUNT 4.BUTIR PERIBADI BAGI AKAUN REMAJA/BIJAK/PERSONAL DETAILS FOR REMAJA/BIJAK ACCOUNT 4.BUTIR PERIBADI AKAUN REMAJA/BIJAK/PERSONAL DETAILS FOR REMAJA/BIJAK ACCOUNT
Nama/Name Nama/Name Nama/Name
- - Polis Polis Polis

/Police /Police /Police
- - -
Tentera Tentera Tentera

/Army /Army /Army
Sijil Kelahiran Sijil Kelahiran Sijil Kelahiran
/Birth/Birth Certificate /Birth Certificate Certificate
Tarikh LahirLahir/Date of Birth Tarikh Lahir/Date of Birth Tarikh /Date of Birth

hr/bln/thn/dd/mm/yyyy hr/bln/thn/dd/mm/yyyy hr/bln/thn/dd/mm/yyyy
Pengenalan Diri/ID/ID/ID Description Pengenalan Diri Description Pengenalan Diri Description Kad Kad Pengenalan/Identity Card Kad Pengenalan/Identity Card Pengenalan/Identity Card Jantina/Gender Jantina/Gender Jantina/Gender Lelaki/Male Lelaki/Male Lelaki/Male Perempuan/Female Perempuan/Female Perempuan/Female Tarikh LahirLahir/Date of Birth Tarikh Lahir/Date of Birth Tarikh /Date of Birth
hr/bln/thn/dd/mm/yyyy hr/bln/thn/dd/mm/yyyy hr/bln/thn/dd/mm/yyyy
Perlu diisi jika no. kad kad kad pengenalan tidak disertakan/Mandatorynot given given Perlu diisi jika no. pengenalan tidak disertakan/Mandatory if ic no. no. not given Perlu diisi jika no. pengenalan tidak disertakan/Mandatory if ic if ic no. not
- - Sijil Kelahiran Sijil Kelahiran Sijil Kelahiran

/Birth/Birth Certificate /Birth Certificate Certificate /Others /Others /Others
- - -
Bangsa/Race Bangsa/Race Melayu/Malay Bangsa/Race Melayu/Malay Melayu/Malay Sabahan/Sabahan Sabahan/Sabahan Sabahan/Sabahan Agama/Religion Islam/Muslim Agama/Religion Islam/Muslim Agama/Religion Islam/Muslim Alamat Tetap/Permanent Address Alamat Tetap/Permanent Address Alamat Tetap/Permanent Address
CinaCina/Chinese Cina/Chinese /Chinese
India/Indian India/Indian Portugis/Portugese India/Indian Portugis/Portugese SiamSiam/Siamese Orang Asli/Native Portugis/Portugese Siam/Siamese Orang Asli/Native Orang Asli/Native /Siamese Sarawak/Sarawakian Sarawak/Sarawakian Sarawak/Sarawakian Lain-lain/Others Lain-lain/Others Lain-lain/Others
Lain-lain Lain-lain Lain-lain
Bukan Islam/Non-Muslim Bukan Islam/Non-Muslim Bukan Islam/Non-Muslim
Perlu diisi jika no. kad kad kad pengenalan tidak disertakan/Mandatorynot given given Perlu diisi jika no. pengenalan tidak disertakan/Mandatory if ic no. no. not given Perlu diisi jika no. pengenalan tidak disertakan/Mandatory if ic if ic no. not
Bangsa/Race Bangsa/Race Melayu/Malay Bangsa/Race Melayu/Malay Melayu/Malay Sabahan/Sabahan Sabahan/Sabahan Sabahan/Sabahan Agama/Religion Islam/Muslim Agama/Religion Islam/Muslim Agama/Religion Islam/Muslim Alamat Tetap/Permanent Address Alamat Tetap/Permanent Address Alamat Tetap/Permanent Address
CinaCina/Chinese Cina/Chinese /Chinese
India/Indian India/Indian Portugis/Portugese India/Indian Portugis/Portugese SiamSiam/Siamese Orang Asli/Native Portugis/Portugese Siam/Siamese Orang Asli/Native Orang Asli/Native /Siamese Sarawak/Sarawakian Sarawak/Sarawakian Sarawak/Sarawakian Lain-lain/Others Lain-lain/Others Lain-lain/Others
Poskod/Postcode Poskod/Postcode Poskod/Postcode Negeri/State Negeri/State Negeri/State Negara/Country Negara/Country Negara/Country Alamat SuratSurat Menyurat/Correspondence Address (Jika berbeza dengan di atas/Ifdidifferentdifferent from above) Alamat Surat Menyurat/Correspondence Address (Jika berbeza dengan alamat di atas/If different from above) above) Alamat Menyurat/Correspondence Address (Jika berbeza dengan alamat alamat atas/If from the the the
Bukan Islam/Non-Muslim Bukan Islam/Non-Muslim Bukan Islam/Non-Muslim Hubungan Dengan Penjaga Berdaftar Hubungan Dengan Penjaga Berdaftar Hubungan Dengan Penjaga Berdaftar
/Relationship with Registered Guardian /Relationship with Registered Guardian /Relationship with Registered Guardian
Poskod/Postcode Poskod/Postcode Poskod/Postcode Poskod/Postcode Poskod/Postcode Poskod/Postcode Negeri/State Negeri/State Negeri/State No No No Telefon Rumah Telefon Rumah Telefon Rumah
/House /House Telephone No. /House Telephone No. Telephone No.
Negeri/State Negeri/State Negeri/State No No No Telefon Rumah Telefon Rumah Telefon Rumah

/House /House Telephone No. /House Telephone No. Telephone No. 5.PERAKUAN DAN PERSETUJUAN/DECLARATION AND AGREEMENT 5.PERAKUAN DAN PERSETUJUAN/DECLARATION AND AGREEMENT 5.PERAKUAN DAN PERSETUJUAN/DECLARATION AND AGREEMENT
Negara/Country Negara/Country Negara/Country NoNoNo Telefon Bimbit Telefon Bimbit Telefon Bimbit
/Handphone No.No.No. /Handphone /Handphone
Negara/Country Negara/Country Negara/Country NoNoNo Telefon Pejabat Telefon Pejabat Telefon Pejabat
/Office Telephone No. No. /Office Telephone No. /Office Telephone
NoNoNo Telefon Bimbit Telefon Bimbit Telefon Bimbit

/Handphone No.No.No. /Handphone /Handphone
No Faks Faks No Faks No

/Fax No. No. /Fax No. /Fax
Alamat EmelEmel Alamat Emel Alamat
/Email Address /Email Address /Email Address

(Saya (Saya bersetuju untuk menerima maklumat berkaitan pelaburan melalui/I agree receive any information related investment via:) via:) (Saya bersetuju untuk menerima maklumat berkaitan pelaburan melalui/I agree receive any information related to to investment via:) bersetuju untuk menerima maklumat berkaitan pelaburan melalui/I agree to to to receive any information related to investment
Dengan ini ini ini mengesahkan bahawa butir-butir yang yang telah diberikan adalah benar mengaku telah telah membaca memahami Suratikatan dan Suratikatan Tambahan, Dengan saya saya mengesahkan bahawa butir-butir telah diberikan adalah benar dan dan mengaku membaca dan dan memahami Suratikatan dan Suratikatan Tambahan, Dengan saya mengesahkan bahawa butir-butir yang telah diberikan adalah benar dan mengaku telah membaca dan memahami Suratikatan dan Suratikatan Tambahan, Prospektus Induk IndukProspektus Induk Induk Tambahan bersetuju mematuhi dan terikatterikat dengan peraturan yang terkandung dalamnya. Saya juga bersetuju bahawa Amanah Prospektus Induk dan Prospektus Induk Tambahan serta bersetuju mematuhi dan terikat dengan peraturan yang terkandung dalamnya. Saya juga bersetuju bahawa Amanah Prospektus dan dan Prospektus Tambahan serta serta bersetuju mematuhi dan dengan peraturan yang terkandung di di di dalamnya. Saya juga bersetuju bahawa Amanah Saham Nasional Berhad, berhak secara mutlak untuk untuk membatalkan pendaftaran menarik balik unit-unit yang yang miliki (termasuk pengagihan pendapatan, bonusbonus serta Saham Nasional Berhad, berhak secara mutlak untuk membatalkan pendaftaran dan menarik balik unit-unit yang saya miliki (termasuk pengagihan pendapatan, bonus serta Saham Nasional Berhad, berhak secara mutlak membatalkan pendaftaran dan dan menarik balik unit-unit saya saya miliki (termasuk pengagihan pendapatan, serta kelayakan lain) sekiranya didapati bahawa mana-mana pernyataan yang yang telah buat di dalam permohonan ini ini ini tidak benar palsu.palsu. juga mengesahkan bahawa kelayakan lain) sekiranya didapati bahawa mana-mana pernyataan yang telah saya buat di dalam permohonan tidak benar atau atau Saya Saya juga mengesahkan bahawa kelayakan lain) sekiranya didapati bahawa mana-mana pernyataan telah saya saya buat di dalam permohonan tidak benar atau palsu. Saya juga mengesahkan bahawa pelaburan ini tidak bercanggah dengan mana-mana peruntukan dalam Akta Pencegahan Penggubahan WangWang Haram(AMLA 2001) 2001) pelaburan ini tidak bercanggah dengan mana-mana peruntukan dalam Akta Pencegahan Penggubahan Wang Haram 2001 (AMLA 2001) pelaburan ini tidak bercanggah dengan mana-mana peruntukan dalam Akta Pencegahan Penggubahan Haram 2001 2001 (AMLA
I, herebyhereby confirmed that the the details provided are truehave Iread and understand the the the Trust and Supplementary Trust Deed, Deed, Master Prospectus and Supplementary Master Prospectus and agree to I, hereby confirmed that the all details provided are true and I have read and understand Trust Deed Deed and Supplementary Trust Master Prospectus and Supplementary Master Prospectus and agree to to I, confirmed that all all details provided are true and I and have read and understand Trust Deed and Supplementary Trust Deed, Master Prospectus and Supplementary Master Prospectus and agree comply and bound bound with the rules and regulations stated. I also concur ASNB hashashas the ultimate right cancel this this registration and withdraw the units (inclusiveincome distributions, bonuses and anyany other comply and bound with the rules and regulations stated.stated.concurconcur ASNB the the ultimate right cancelcancel registration and withdraw the units (inclusiveincome distributions, bonuses and any other comply and with the rules and regulations as as as I also I also to to to ASNB ultimate right to to to this registration and withdraw the units (inclusive of of of income distributions, bonuses and other benefits) that I ownedowned ifisthere misleading details detailsthis this declaration. I further declare that funds invested under the thedoes not notanyanyany way contravene any provisionsthe the law including Anti Money benefits) that I owned if there is anyany misleading in this declaration. I further declare that all funds invested under the ASNB ASNB does not in way contravene any provisionsthe lawlaw including Anti Money benefits) that I if there any is misleading details in in declaration. I further declare that all all funds invested under ASNB does in in way contravene any provisions of of of including Anti Money Laundring ActActAct 2001 (AMLA 2001). Laundring 2001 (AMLA 2001). Laundring 2001 (AMLA 2001).
Emel/Email /Email Emel/Email Emel
Pos/Post /Post Pos/Post Pos
Telefon/Telephone Telefon/Telephone Khidmat Pesanan Ringkas/Short Messaging Service (SMS) (SMS)Tidak Berminat/Not Interested Telefon/Telephone Khidmat Pesanan Ringkas/Short Messaging Service (SMS) Khidmat Pesanan Ringkas/Short Messaging Service Tidak Berminat/Not Interested Tidak Berminat/Not Interested
Bahasa Pilihan Bahasa Pilihan Bahasa Pilihan
/Preferred Language /Preferred Language /Preferred Language /Marital Status /Marital Status /Marital Status
B.Malaysia/B.Malaysia B.Malaysia/B.Malaysia B.Inggeris/English B.Malaysia/B.Malaysia B.Inggeris/English B.Inggeris/English
0-12 tahun tahun 13-18 tahun 13-18 tahun 13-18 tahun Berkahwin/Married Bilangan Anak Mengikut Umur Berkahwin/Married Bilangan Anak Mengikut Umur 0-12 0-12 tahun Berkahwin/Married Bilangan Anak Mengikut Umur /No. /No. of children by age /No. of children by age of children by age /0-12 /0-12 years /0-12 years years /13-18 yearsyears /13-18 years /13-18 Profesional/Professional Profesional/Professional Profesional/Professional TarafTaraf Pendidikan Sekolah Menengah/Rendah Taraf Pendidikan Pendidikan Sekolah Menengah/Rendah Sekolah Menengah/Rendah Universiti/University Universiti/University Universiti/University Bujang/Single Bujang/Single TarafTaraf PerkahwinanBujang/Single Taraf Perkahwinan Perkahwinan
/Education LevelLevel /Education Level /Education /Secondary/Primary /Secondary/Primary /Secondary/Primary
Tandatangan Remaja Tandatangan Remaja Tandatangan Remaja

/Signature of of of Minor /Signature Minor /Signature Minor
DAN/DAN/and DAN/and and DAN/DAN/and DAN/and and Cap IbuIbuIbu Jari Kiri/Left Thumb Print Tandatangan Dewasa/Penjaga Berdaftar Cap Jari KiriKiri/Left Thumb Print Cap Jari /Left Thumb Print Tandatangan Dewasa/Penjaga Berdaftar Tandatangan Dewasa/Penjaga Berdaftar Cap IbuIbuIbu Jari Kiri/Left Thumb Print Cap Jari KiriKiri/Left Thumb Print Cap Jari /Left Thumb Print
/Signature of Adult/Registered Guardian /Signature of Adult/Registered Guardian /Signature of Adult/Registered Guardian
RM1,501 RM1,501 Sehingga to to Sehingga Pendapatan Bulanan Pendapatan Bulanan Pendapatan Bulanan Sehingga/Up/Up/Up to RM1,501 - - RM3,000 RM3,000 RM3,000 RM1,500 RM1,500 RM1,500 /Monthly Income /Monthly Income /Monthly Income
/Occupation /Occupation /Occupation
RM3,001 - - RM3,001 RM3,001 RM5,000 RM5,000 RM5,000
RM5,001 - - RM5,001 RM5,001 RM8,000 RM8,000 RM8,000
RM8,001 - - RM8,001 RM8,001 RM15,000 RM15,000 RM15,000
RM15,001RM15,001RM15,001RM20,000 RM20,000 RM20,000
RM20,001RM20,001RM20,001kekeke atas/above atas/above atas/above

/Teacher & Lecturer /Teacher & Lecturer /Teacher & Lecturer
Pekerjaan Pekerjaan Pekerjaan
Profesional Profesional Profesional
/Professional /Professional /Professional /Business Owner /Business Owner /Business Owner
Pengurusan Pengurusan Pengurusan
/Management /Management /Management /Skilled Workers /Skilled Workers /Skilled Workers
Pegawai & Eksekutif Pegawai & Eksekutif Tentera Pegawai & Eksekutif Tentera Tentera Suri Rumah Suri Rumah Suri Rumah
/Housewife /Housewife /Housewife /Finance /Finance /Finance
/Officer & Executive /Officer & Executive /Officer & Executive /Armed Forces Forces /Police /Armed Forces /Police /Armed /Police /Clerical /Clerical /Clerical
Polis Polis Polis
Perkeranian Perkeranian Guru & Pensyarah Perkeranian Guru & Pensyarah Guru & Pensyarah
Tarikh Pendaftaran/ Tarikh Pendaftaran/ Tarikh Pendaftaran/ Date of Registration Date of Registration Date of Registration Ahli/ No No No Ahli/ Ahli/ Member Member No:No:No: Member Siri Siri Buku Pelaburan/ No No Buku Pelaburan/ Siri No Buku Pelaburan/ Investment Book Serial Investment Book Serial No:No:No: Investment Book Serial
Tarikh/Date Tarikh/Date Tarikh/Date

UNTUK KEGUNAAN ASNB/EJEN SAHAJA/FOR ASNB/AGENT USE ONLY ONLY UNTUK KEGUNAAN ASNB/EJEN SAHAJA/FOR ASNB/AGENT USE ONLY UNTUK KEGUNAAN ASNB/EJEN SAHAJA/FOR ASNB/AGENT USE
Nama Penerima/ Nama Penerima/ Nama Penerima/ Name of Recipient: Name of Recipient: Name of Recipient:
Tarikh/Date Tarikh/Date Tarikh/Date
Perniagaan Sendiri Perniagaan Sendiri Tenaga Kerja Kerja Mahir Perniagaan Sendiri Tenaga Kerja Mahir Tenaga Mahir Sektor Pekerjaan Sektor Pekerjaan Sektor Pekerjaan Kerajaan Kerajaan Kerajaan
/Services /Services /Services
Pesara Pesara Pesara
/Pensioner /Pensioner /Pensioner /Student /Student /Unemployed /Student /Unemployed /Others /Unemployed /Others /Others
Pelajar Pelajar TidakTidak BekerjaLain-Lain Pelajar Tidak Bekerja Bekerja Lain-Lain Lain-Lain
/Occupation Sector /Occupation Sector /Goverment /Occupation Sector /Goverment /Goverment
Pertanian Pertanian Pertanian
Perkhidmatan Perkhidmatan Perkhidmatan
/Agriculture /Agriculture /Agriculture /Education /Education /Education
Kewangan Kewangan Kewangan Lain-Lain Lain-Lain Lain-Lain

/Others /Others /Others
Pengilangan Pengilangan Pengilangan
Pendidikan Pendidikan Pendidikan
/Manufacturing /Manufacturing /Manufacturing
Cop RasmiRasmi Cop Rasmi Cop

Disahkan Terima/ Disahkan Terima/ Disahkan Terima/ Acknowledgement Acknowledgement Acknowledgement of Acceptance: of Acceptance: of Acceptance:

2.
3.
4.

No. Ahli

ASNB MasterProspectus 2011

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ASNB MASTER PROSPECTUS

Tun Ahmad Sarji bin Abdul Hamid Chairman

www.asnb.com.my | Preface www.asnb.com.my Preface