CIMB ISLAMIC GLOBAL EQUITY FUND PROSPECTUS
CIMB ISLAMIC GLOBAL EQUITY FUND PROSPECTUSBuilding long term wealth withwell-diversified Shariah compliantglobal equitiesFORWARDYour InvestmentsManager:CIMB-Principal Asset Management Berhad (304078-K)Trustee:HSBC (Malaysia) Trustee Berhad (1281-T)This Prospectus Issue No. 1 for the CIMB Islamic Global Equity Fund is dated 19 September 2017.This Fund is constituted on 19 September 2017.INVESTORS ARE ADVISED TO READ AND UNDERSTAND THE CONTENTS OF THE PROSPECTUS. IF IN DOUBT, PLEASE CONSULTA PROFESSIONAL ADVISER.FOR INFORMATION CONCERNING CERTAIN RISK FACTORS WHICH SHOULD BE CONSIDERED BY PROSPECTIVE INVESTORS,SEE “RISK FACTORS” COMMENCING ON PAGE 6.THIS FUND IS A MULTI-CLASS FUND AND IS ALLOWED TO ESTABLISH NEW CLASS(ES) FROM TIME TO TIME AS MAY BEDETERMINED BY THE MANAGER.
ABOUT THIS DOCUMENTThis is a Prospectus which introduces you to CIMB-Principal Asset Management Berhad (“CIMB-Principal”) and the CIMB IslamicGlobal Equity Fund (“Fund”). This Prospectus outlines in general the information you need to know to make an informed decisionas to whether the Fund best suits your financial needs.If you have any questions about the information in this Prospectus or would like to know more about investing in the CIMB-Principalfamily of unit trust funds, please call CIMB-Principal Customer Care Centre at (603) 7718 3100 between 8:45 a.m. and 5:45 p.m.(Malaysian time) on Mondays to Thursdays and between 8:45 a.m. and 4:45 p.m. (Malaysian time) on Fridays (except on Selangorpublic holidays).Unless otherwise indicated, any reference in this Prospectus to any rules, regulations, guidelines, standards, directives, notices,legislations or statutes shall be reference to those rules, regulations, guidelines, standards, directives, notices, legislations orstatutes for the time being in force, as may be amended, varied, modified, updated, superseded and/or re-enacted from time totime.Any reference to a time, day or date in this Prospectus shall be a reference to that time, day or date in Malaysia, unless otherwisestated. Reference to “days” in this Prospectus will be taken to mean calendar days unless otherwise stated.Please note that all references to currency amounts and NAV per unit in this Prospectus are in USD unless otherwise indicated.PROSPECTUS DETAILSIssue No.Prospectus Date119 September 2017RESPONSIBILITY STATEMENTSThis Prospectus has been reviewed and approved by the directors of CIMB-Principal and they collectively and individually acceptfull responsibility for the accuracy of the information. Having made all reasonable enquiries, they confirm to the best of theirknowledge and belief, that there are no false or misleading statements, or omission of other facts which would make any statementin this Prospectus false or misleading.STATEMENTS OF DISCLAIMERThe Securities Commission Malaysia has authorised the Fund and a copy of this Prospectus has been registered with theSecurities Commission Malaysia.The authorisation of the Fund, and registration of this Prospectus, should not be taken to indicate that Securities CommissionMalaysia recommends the Fund or assumes responsibility for the correctness of any statement made, opinion expressed or reportcontained in this Prospectus.The Securities Commission Malaysia is not liable for any non-disclosure on the part of the Manager who is responsible for the Fundand takes no responsibility for the contents in this Prospectus. The Securities Commission Malaysia makes no representation onthe 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 ANDRISKS OF THE INVESTMENT. IF INVESTORS ARE UNABLE TO MAKE THEIR OWNEVALUATION, THEY ARE ADVISED TO CONSULT PROFESSIONAL ADVISERS.ADDITIONAL STATEMENTSInvestors should note that they may seek recourse under the Capital Markets and Services Act 2007 for breaches of securities lawsincluding any statement in the Prospectus that is false, misleading, or from which there is a material omission; or for any misleadingor deceptive act in relation to the Prospectus or the conduct of any other person in relation to the Fund.The Fund has been certified as being Shariah-compliant by the Shariah Adviser appointed for this Fund.i
DEFINITIONSExcept where the context otherwise requires, the following definitions shall apply throughout this Prospectus:Application FeeBusiness Day-CIMBCIMB GroupCIMB-Principal or theManagerCIMB-Principal FundCISClassClass MYRCMSACommencement DateCWADeed-Distributor-Eligible Market-EPFFinancial Institution-Fund or CIGEFGST-IDCIMS-IOSCO-Islamic Deposits-IUTAsLPD-Management Fee-MCR-MSCI ACWINAVNAV of the Fund-NAV per unit--Preliminary charge on each investment.Mondays to Fridays when Bursa Malaysia Securities Berhad is open for trading, and/orbanks in Kuala Lumpur and/or Selangor are open for business.Note: We may declare certain Business Days to be a non-Business Day if the Fund’sinvestment in foreign markets which are closed for business is at least 50% of the Fund’sNAV. This information will be communicated to you via our website at http://www.cimbprincipal.com.my. Alternatively, you may contact our Customer Care Centre at 603-77183100.CIMB Investment Bank Berhad.CIMB Group Sdn. Bhd.CIMB-Principal Asset Management Berhad.Any unit trust funds that may be offered by CIMB-Principal.Refers to collective investment schemes as defined under the SC Guidelines.Any class of units representing similar interest in the assets of the Fund.The Class of units issued by the Fund denominated in Malaysian Ringgit.Capital Markets and Services Act 2007.The next Business Day immediately following the end of the initial offer period.Refers to the unit trust consultants of CIMB-Principal.The principal deed and any supplemental deed in respect of the Fund made between theManager, the Trustee and the Unit holders of the Fund, agreeing to be bound by theprovisions of the Deed.Any relevant persons and bodies appointed by CIMB-Principal from time to time, who areresponsible for selling units of the Fund.A market which is regulated by a regulatory authority, operates regularly, is open to thepublic and has adequate liquidity for the purposes of the Fund.Employees Provident Fund.(a) if the institution is in Malaysia–(i) licensed bank;(ii) licensed investment bank; or(iii) licensed Islamic bank;(b) if the institution is outside Malaysia, any institution that is licensed/registered/ approved/authorised by the relevant banking regulator to provide financial services.CIMB Islamic Global Equity Fund.Refers to the tax levied on goods and services pursuant to the Goods and Services Tax Act2014.Interactive Data Corporation.Investment Management Standards issued by the Federation of Investment ManagersMalaysia.International Organization of Securities Commissions; for further details, please refer tohttp://www.iosco.org.As per the definition of "Islamic deposit" in the Islamic Financial Services Act 2013.Note: To exclude Islamic structured deposits.Institutional Unit Trust Advisers.Latest Practicable Date i.e. 30 June 2017, in which all information provided herein, shallremain current and relevant as at such date.A percentage of the NAV of the Class that is paid to us for managing the portfolio of theFund.Multi-class ratio, being the apportionment of the NAV of each Class over the Fund’s NAVbased on the size of each Class. The MCR is calculated by dividing the NAV of therespective Class by the NAV of the Fund before income and expenses for the day, save andexcept for Management Fee and those that is related to the specific Class only. Theapportionment is expressed as a ratio and calculated as a percentage.Morgan Stanley Capital International All Country World Index.Net Asset Value.The NAV of the Fund is the value of all the Fund’s assets less the value of all the Fund’sliabilities, at the point of valuation. For the purpose of computing the annual ManagementFee (if any) and annual Trustee Fee (if any), the NAV of the Fund should be inclusive of theManagement Fee and Trustee Fee for the relevant day. The NAV of a Class is the NAV ofthe Fund attributable to a Class at the same valuation point.The NAV attributable to a Class of units divided by the number of units in circulation for thatClass, at the valuation point.ii
OTCPIAPFGProspectusRM or MYRSACSCSC GuidelinesShariah-Shariah AdviserSpecial Resolution-Sukuk-Switching FeeTransfer FeeTransferable SecuritiesTrusteeTrustee Fee-UKUnit holder-US or USAUSDWithdrawal Fee-Over-the-counter.Principal International (Asia) Ltd.Principal Financial Group and its affiliates.Refers to the disclosure document issued by us describing the details of the Fund.Malaysian Ringgit.Shariah Advisory Council.Securities Commission Malaysia.Guidelines on Unit Trust Funds issued by the SC.Islamic law originating from the Qur'an (the holy book of Islam), and its practices andexplanations rendered by the Prophet Muhammad (pbuh) and ijtihad of ulamak (personaleffort by qualified Shariah scholars to determine the true ruling of the divine law on matterswhose revelations are not explicit).CIMB Islamic Bank Berhad.A resolution passed by a majority of not less than ¾ of Unit holders voting at a meeting ofUnit holders.For the purpose of terminating or winding up a fund, a Special Resolution is passed by amajority in number representing at least ¾ of the value of the units held by Unit holdersvoting at the meeting.Refers to certificates of equal value which evidence undivided ownership or investment inthe assets using Shariah principles.Note: For local Sukuk, it must also comply with concepts endorsed by the SAC.A charge that may be levied when switching is done from one fund or class to another.A nominal fee levied for each transfer of units from one Unit holder to another.Refers to equities, debentures and warrants.HSBC (Malaysia) Trustee Berhad.A percentage of the NAV of the Fund that is paid to the Trustee for its services rendered astrustee for the Fund.United Kingdom.The registered holder for the time being of a unit of the Fund including persons jointly soregistered.United States of America.United States Dollar.A charge levied upon redemption under certain terms and conditions (if applicable).Note: Unless the context otherwise requires, words importing the singular number should include the plural number and viceversa.iii
CORPORATE DIRECTORYThe ManagerThe TrusteeCIMB-Principal Asset Management BerhadHSBC (Malaysia) Trustee BerhadBusiness address10th Floor Bangunan CIMBJalan SemantanDamansara Heights50490 Kuala Lumpur MALAYSIATel : (603) 2084 8888Business/Registered address13th Floor, Bangunan HSBC, South TowerNo. 2, Leboh Ampang50100 Kuala Lumpur MALAYSIATel : (603) 2075 7800Fax : (603) 2179 6511Registered address13th Floor, Menara CIMBJalan Stesen Sentral 2Kuala Lumpur Sentral50470 Kuala Lumpur MALAYSIATel : (603) 2261 8888Shariah Adviser of the FundPostal addressCIMB-Principal Asset Management BerhadPO Box 1057150718 Kuala Lumpur MALAYSIACustomer Care Centre50, 52 & 54 Jalan SS 21/39Damansara Utama47400 Petaling JayaSelangor Darul Ehsan MALAYSIATel : (603) 7718 3100Fax : (603) 7718 3003CIMB Islamic Bank BerhadBusiness address34th Floor, Menara Bumiputra-Commerce11, Jalan Raja Laut50350 Kuala Lumpur MALAYSIATel : (03) 2619 1188Fax : (03) 2691 3513/3657Registered address13th Floor, Menara CIMBJalan Stesen Sentral 2Kuala Lumpur Sentral50470 Kuala Lumpur MALAYSIATel : (03) 2261 ervice@cimb-principal.com.myNote: You may contact our Customer Care Centre at (03) 7718 3100 for more information.iv
TABLE OF CONTENTSDEFINITIONS. iiCORPORATE DIRECTORY . iv1.FUND INFORMATION. 11.1. CIMB ISLAMIC GLOBAL EQUITY FUND . 11.2. PERMITTED INVESTMENTS . 21.3. INVESTMENT RESTRICTIONS AND LIMITS . 21.4. APPROVALS AND CONDITIONS . 31.5. FINANCING . 31.6. SECURITIES LENDING . 31.7. SHARIAH INVESTMENT GUIDELINES . 31.9. RISK FACTORS . 62.FEES, CHARGES AND EXPENSES. 82.1. CHARGES . 82.2. FEES AND EXPENSES . 92.3. REBATES AND SOFT COMMISSIONS . 103.TRANSACTION INFORMATION.113.1. VALUATION OF INVESTMENTS PERMITTED BY THE FUND . 113.2. UNIT PRICING . 113.3. INCORRECT PRICING . 143.4.INVESTING. 153.5.MINIMUM INVESTMENTS. 153.6.MINIMUM WITHDRAWALS . 163.7.MINIMUM BALANCE . 163.8.COOLING-OFF PERIOD . 163.9.SWITCHING . 163.10. TRANSFER FACILITY . 173.11. DISTRIBUTION PAYMENT . 173.12. UNCLAIMED MONEYS . 174.ADDITIONAL INFORMATION .184.1. FINANCIAL YEAR-END . 184.2. INFORMATION ON YOUR INVESTMENT . 184.3. DEED . 184.4. DOCUMENTS AVAILABLE FOR INSPECTION . 184.5. CONSENT . 184.6. POTENTIAL CONFLICTS OF INTERESTS AND RELATED PARTY TRANSACTIONS . 184.7. INTERESTS IN THE FUND . 194.8. EMPLOYEES’ SECURITIES DEALINGS . 195.THE MANAGER .205.1. ABOUT CIMB-PRINCIPAL ASSET MANAGEMENT BERHAD . 206.SHARIAH ADVISER OF THE FUND .216.1. ABOUT CIMB ISLAMIC BANK BERHAD . 217.THE TRUSTEE .227.1. ABOUT HSBC (MALAYSIA) TRUSTEE BERHAD . 228.SALIENT TERMS OF DEED .238.1. RIGHTS, LIABILITIES AND LIMITATION OF UNIT HOLDERS . 238.2. MAXIMUM FEES AND CHARGES AND EXPENSES PERMITTED BY THE DEED . 238.3. RETIREMENT, REMOVAL OR REPLACEMENT OF THE MANAGER . 248.4. RETIREMENT, REMOVAL OR REPLACEMENT OF THE TRUSTEE . 248.5. TERMINATION OF THE FUND . 258.6. MEETINGS OF UNIT HOLDERS. 259.TAXATION REPORT.2610.DISTRIBUTORS OF THE FUND .30APPENDIX I – RISK DISCLOSURE STATEMENT ON FINANCING FOR INVESTMENT IN UNIT TRUST .31ANNEXURE - CLASS MYR .32v
1. FUND INFORMATION1.1.CIMB ISLAMIC GLOBAL EQUITY FUNDFund Category/Type:Equity (Shariah-compliant)/ Growth.Investment Objective:The Fund aims to achieve capital appreciation over the long-term through Shariah-compliantinvestments primarily in the global markets.We will require your approval if there is any material change to the Fund’s investment objective.Benchmark:MSCI ACWI Islamic Index.Note: The Fund’s benchmark is for performance comparison purpose only. Information on thebenchmark can be obtained from tion Policy:The distribution policy of each of the Class may differ. Please refer to the Annexure of therespective Class for more information. You may also refer to page 17 for information on thedistribution payment.Base Currency & ClassesThe base currency of the Fund is USD.Please note that the Fund is established with a multi-class structure where the Deed allows for the establishment of more than one(1) Class with similar interests in the assets of the Fund. You should note that the Fund is allowed to establish new Class(es) fromtime to time without your prior consent.Under the Deed, Unit holders of each Class have materially the same rights and obligations. Each Class may be different in termsof currency denomination, fees and charges, and hence, will have its respective NAV per unit, denominated in its respectivecurrency taking into account the aforementioned features. Although the Fund has multiple Classes, Unit holders should note thatthe assets of the Fund are pooled for investment purpose.Currently, the Classes below are available for sale. Please refer to the Annexure for further details on the Classes. You should notethat we have the discretion to decide on the offering of other Classes for sale in the future. This information will be communicated toyou via our website at http://www.cimb-principal.com.my. When in doubt, you should consult professional advisers for betterunderstanding of the multi-class structure before investing in the Fund.Name of ClassLaunch dateInitial offer periodInitial offer price per unitClass MYR19 September 2017Up to 21 daysMYR 0.25Investment Policy and Principal Investment StrategyThe Fund will invest a minimum of 70% and up to a maximum of 98% of its NAV in Shariah-compliant equities and equities relatedsecurities globally in order to gain long-term capital growth, with at least 2% of the Fund’s NAV in Shariah-compliant liquid assets.The Fund may also invest up to 28% of the Fund’s NAV in Sukuk, Shariah-compliant money market instruments and IslamicDeposits. The Fund may also opt to seek investment exposure via Shariah-compliant CIS that is in line with the objective of theFund, subject to the requirements of the SC Guidelines.When deemed necessary by the fund manager, the Fund may invest a significant portion in Shariah-compliant CIS with underlyingin Shariah-compliant equities, in order to achieve a broad exposure to the global markets, especially in times when the Fund’s NAVis deemed small (i.e. the Fund’s NAV is insufficient to invest in a diversified portfolio similar to MSCI ACWI Islamic Index). In thesecircumstances, the investment via Shariah-compliant CIS aims to provide the portfolio with an overall exposure of equities globally.The Fund will invest in Shariah-compliant CIS with underlying in equities of companies that are domiciled in, listed in and/or haveoperations or businesses in any countries globally.The Fund’s investments will be limited to markets where the regulatory authority is an ordinary or associate member of the IOSCO.Where necessary, we will obtain the license or permits for investments in countries that require license or permits. In the event thatwe are unable to obtain the necessary licenses or permits, or the licenses or permits are revoked or not renewed (as the case maybe), we will seek to invest in other accessible markets.The asset allocation strategy for this Fund is as follows: between 70% to 98% (both inclusive) of the Fund’s NAV will be invested in Shariah-compliant equities globally; up to 28% of the Fund’s NAV may be invested in Sukuk, Shariah-compliant money market instruments and Islamic Deposits; and at least 2% of the Fund’s NAV will be invested in Shariah-compliant liquid assets.We will adopt an active investment strategy with frequency that will depend on the market conditions and the market outlook. Wecombine a top-down asset and sector allocation process with a bottom-up stock selection process. The asset allocation decision ismade after a review of macroeconomic trends in global economies. In particular, we analyze the direction of GDP growth, interestrates, inflation, currencies and government policies. We will then assess their impact on corporate earni ngs and determine if thereare any predictable trends. These trends form the basis for sector selection. Stock selection is based on the growth style of equityinvesting. As such, the criteria for stock selection would include improving fundamentals and growth at “reasonable valuations”*.Stock valuation fundamentals considered are earnings per share growth rate, return on equity, price earnings ratio and net tangibleassets multiples.1
We can adjust the Fund’s allocation from Shariah-compliant equities into mixtures of Sukuk, Shariah-compliant money marketinstruments, Islamic Deposits and/or units of other Shariah-compliant CIS according to our views on the prevailing marketcondition, subject to the asset allocation strategy of the Fund. For Sukuk, Shariah-compliant money market instruments and/orIslamic Deposits investment, we formulate an interest rate outlook through examining factors such as inflation rate, monetarypolicies and economic growth. With an interest rate outlook and yield curve analysis, we identify the weighting of the tenure andcredit for the investments of the Fund.We may take temporary defensive positions that may detract from the Fund’s prescribed asset allocation when we believe that t heequity markets that the Fund invests in are experiencing excessive volatility, expected prolonged declines, or when there are otheradverse conditions, such as political instability. Under these circumstances, the Fund may invest all or substantial portion of itsasset in Sukuk, Shariah-compliant money market instruments and/or Islamic Deposits to achieve the Fund’s investment objective.We may from time to time reduce its proportion of Shariah-compliant equities and increase its asset allocation to Shariah-compliantliquid assets such as Shariah-compliant money market instruments and/or Islamic Deposits to safeguard the investment portfolio ofthe Fund.In response to these adverse conditions, we may also utilize Shariah-compliant derivative instruments, subject to the SCGuidelines, for purpose of hedging.Further, risk management, with an emphasis on portfolio diversification, will form an integral part of the investment process. TheFund is constructed and managed within guidelines including risk returns trade-off, which will be monitored and reviewed regularlyby the investment management team. The risk management strategies and techniques employed include diversification of theFund’s asset allocation in terms of its exposure to various sectors, industries and companies.* We define “reasonable valuations” as below, but not limited to the following: picking investments slightly undervalued but are still expected to have solid earnings growth in the coming years; or benchmarking individual stocks’ valuation against industry average (e.g. average of last 5-years); or using valuation matrix like PEG (i.e. price-earnings to growth ratio) as an indicator.If the Fund is eligible to be invested via the EPF’s Members Investment Scheme, investment in futures and options will be subjectto the EPF’s requirements. Please note that there may be changes to the status of the eligibility of the Fund under the EPF’sMembers Investment Scheme from time to time. Please refer to our website at http://www.cimb-principal.com.my orhttp://www.kwsp.gov.my for updated information.1.2.PERMITTED INVESTMENTSSubject to the Deed, the investment policy for the Fund and the requirements of the SC and any other regulatory body, we have theabsolute discretion as to how the assets of the Fund are to be invested. Under the Deed and provided always that there are noinconsistencies with the objective of the Fund, the Fund can invest in a wider range of instruments, including but not limited to thefollowing: Shariah-compliant equities, Sukuk, warrants and Shariah-compliant money market instruments traded in or under the rules ofan Eligible Market. For securities listed or traded on foreign markets, the regulatory authority must be an ordinary or associatemember of the IOSCO;Shariah-compliant unlisted securities including securities not listed or quoted on a stock exchange but have been approved bythe relevant regulatory authority for such listing or quotation and are offered directly to the Fund by the issuer;Islamic Deposits ;Shariah-compliant derivative instruments, including but not limited to options, futures contracts, forward contracts and swapsfor the purpose of hedging;All types of Shariah-compliant CIS that is in line with the Fund’s objective; andAny other form of investments as may be permitted by the SC from time to time that is in line with the Fund’s objectives.The formulation of the investment p
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CIMB 0% Easy Pay Cash Back Campaign Terms and Conditions 1. CIMB 0% Easy Pay Cash Back Campaign ("Campaign") is jointly organized by CIMB Bank Berhad [Registration No: 197201001799 (13491-P)] ("CIMB Bank") and CIMB Islamic Bank Berhad [Registration No: 200401032872 (671380-H) ("CIMB Islamic").CIMB Bank and/or CIMB Islamic shall
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of branched rough paths introduced in (J. Differential Equations 248 (2010) 693–721). We first show that branched rough paths can equivalently be defined as γ-Hölder continuous paths in some Lie group, akin to geometric rough paths. We then show that every branched rough path can be encoded in a geometric rough path. More precisely, for every branched rough path Xlying above apathX .
