Public Mutual PRS Islamic Conservation Fund (PRS-ICVF)

Investment Objective	The fund seeks income consistent with capital preservation. Note: This is neither a capital guaranteed nor a capital protected fund. Any material changes to the investment objective of the fund would require members’ approval.
Fund Category	Core (Conservative)
Investment Strategy	PRS-ICVF seeks to achieve its objective by investing primarily in Shariah-compliant shares or Shariah-compliant securities equivalent to shares with the balance of the fund’s NAV invested in sukuk, Islamic money market instruments and Islamic deposits. To achieve increased diversification, the fund may invest in both domestic and selected foreign markets. Typical Asset Classes Shariah-compliant transferable securities: Sukuk which are rated at least BBB3/P2 by RAM Holdings Berhad (RAM) or equivalent rating by Malaysian Rating Corporation Berhad (MARC). Shariah-compliant shares that the fund may invest in include Shariah-compliant index-stocks, Shariah-compliant defensive stocks and Shariah-compliant dividend stocks. Unlisted Shariah-compliant shares. Units or shares of other Islamic collective investment schemes. Islamic money market instruments issued by financial institutions that have a rating of at least BBB3 by RAM or equivalent rating by MARC which include unrestricted investment accounts. Islamic deposits with licensed domestic and foreign financial institutions. Location of Assets Malaysia, China, Singapore, South Korea, Thailand, Taiwan, Indonesia, Hong Kong, Philippines and any other permitted markets where the regulatory authority is an ordinary or associate member of the IOSCO. Investment Approach Sukuk and Islamic money market instruments: The asset allocation between sukuk and Islamic money market instruments will depend on economic growth, interest rate trends and market liquidity conditions. Islamic collective investment schemes: The suitability of the Islamic collective investment scheme will be evaluated to ensure that the investment strategies of the said Islamic collective investment scheme are aligned to the fund’s investment strategies and objective. Shariah-compliant shares or Shariah-compliant securities equivalent to shares: Bottom-up approach in Shariah-compliant shares or Shariah-compliant securities equivalent to shares selection process which relies on fundamental research where the financial health, industry prospects, management quality and past track records of companies are assessed. As the fund is actively managed and its holdings may differ from its benchmark, the risk profile of the fund is not the same as the risk profile of the benchmark.
Asset Allocation	The fund will invest primarily in sukuk and to a lesser extent in Shariah-compliant equities. The balance of the fund’s NAV will be invested in Islamic liquid assets which include Islamic money market instruments, Islamic investment accounts and Islamic deposits. If the outlook for the respective asset classes is unfavourable, the sukuk and/or Shariah-compliant shares or Shariah-compliant securities equivalent to shares exposure may be reduced while the exposure to Islamic money market instruments and Islamic deposits may be increased as a temporary defensive strategy.
Performance Benchmark	12-Month General Investment Account (GIA) rate quoted by Bank Negara Malaysia. Note: The risk profile of the fund is not the same as the risk profile of the benchmark.
Member Profile	Generally conservative and risk averse Preference for income* Age 55 and above if contribute under the default option** Notes: * Distribution (if any) will be automatically reinvested into the fund. ** Age group may be subject to changes as may be determined by the relevant authorities from time to time.
Risks Disclosure	Specific security risk, Liquidity risk, Interest rate risk, Credit risk, Risk of non-compliance with Shariah requirements

Public Mutual Private Retirement Scheme – Shariah-based Series