Prospectus MT PR Usc

MASTER
PROSPECTUS
THIS MASTER PROSPECTUS IS DATED 15 JULY 2014
AND IS VALID UNTIL 14 JULY 2015
Comprising 25 funds:
MONEY MARKET FUND
Date of Constitution
Eastspring Investments Cash Management Fund .................................... 29 May 2003
Eastspring Investments Islamic Income Fund ........................................... 8 February 2007
BOND FUND
Eastspring Investments Bond Fund .........................................................
Eastspring Investments Bond Plus Fund ..................................................
Eastspring Investments Institutional Income Fund ...................................
Eastspring Investments Enhanced Income Fund ......................................
Eastspring Investments Dana Wafi ..........................................................
Eastspring Investments Dana al-Islah ......................................................
29 May 2001
1 April 2013
7 April 2005
28 May 2007
21 February 2005
14 August 2002
BALANCED FUND
Eastspring Investments Balanced Fund ...................................................
Eastspring Investments Asia Select Income Fund .....................................
Eastspring Investments ASEAN al-Adiil Fund ...........................................
29 May 2001
18 November 2005
28 October 2013
MIXED ASSET FUND
Eastspring Investments Dynamic Fund .................................................... 6 November 2003
Eastspring Investments Dana Dinamik .................................................... 25 February 2004
EQUITY FUND
Eastspring Investments Small-cap Fund ...................................................
Eastspring Investments Growth Fund ......................................................
Eastspring Investments Equity Income Fund ...........................................
Eastspring Investments MY Focus Fund ..................................................
Eastspring Investments Asia Pacific Equity MY Fund ...............................
Eastspring Investments Dana al-Ilham .....................................................
Eastspring Investments Asia Pacific Shariah Equity Fund ..........................
Eastspring Investments Dinasti Equity Fund .............................................
29 May 2001
29 May 2001
18 October 2004
1 March 2011
21 July 2005
14 August 2002
22 November 2007
26 October 2009
FEEDER FUND
Eastspring Investments Indonesia Equity MY Fund ..................................
Eastspring Investments Global Emerging Markets Fund ..........................
Eastspring Investments Global Basics MY Fund .......................................
Eastspring Investments Global Leaders MY Fund ....................................
27 April 2011
11 January 2008
17 January 2007
23 March 2006
INVESTORS ARE ADVISED TO READ AND UNDERSTAND

THE CONTENTS OF THIS MASTER PROSPECTUS. IF IN
DOUBT, PLEASE CONSULT A PROFESSIONAL ADVISER.
MANAGER
FOR INFORMATION CONCERNING CERTAIN RISK

FACTORS WHICH SHOULD BE CONSIDERED BY
PROSPECTIVE INVESTORS, SEE RISK FACTORS
COMMENCING ON PAGE 69.
TRUSTEE
Eastspring Investments Berhad

(531241-U)
Deutsche Trustees Malaysia Berhad

(763590-H)
PREFACE
Dear Investor,
At Eastspring Investments Berhad (Eastspring), we provide a broad range of unit trust funds
to cater to the varying investment needs of our unit trust investors.
We are pleased to feature in this master prospectus, our range of unit trust funds comprising
conventional and Shariah-compliant equity, balanced, mixed-assets, bond and money market
funds.
You will find that Chapter 3: Key Data is a useful section of this master prospectus which will
provide you with a summary of the respective Funds objective and investment strategy. The
Key Data also sets out the investors profile which will give some indication as to whether any
of our Funds would be suitable for your investment needs. All investments carry some form of
risk. Please refer to Chapter 4: Risk Factors for further information on the specific risks of the
Fund.
It is also important to note that there are fees and charges relating to the Fund such as sales
charge, repurchase charge, annual management fee, annual trustee fee, switching fee,
transfer fee and other expenses. The fees and charges are also set out in the Key Data section.
You may buy or sell Units at any of our branches listed on page 339 or through our
Authorised Distributors listed on pages 340, 341 and 342.
Should you have any enquiries, you may contact our client services at 603-2332 1000 or our
Authorised Distributors near you.
Yours faithfully
for and on behalf of
CHEAH LEE LING

Executive Director/Chief Executive Officer
RESPONSIBILITY
STATEMENTS
This master prospectus has been
reviewed and approved by the
directors of Eastspring Investments
Berhad and they collectively and
individually accept full responsibility
for the accuracy of the information.
Having made all reasonable
enquiries, they confirm to the best
of their knowledge and belief,
there are no false or misleading
statements, or omission of other
facts which would make any
statement in this master prospectus
false or misleading.
STATEMENT
OF DISCLAIMER
The Securities Commission Malaysia
has authorized the Funds and a
copy of this master prospectus has
been registered with the Securities
Commission Malaysia.
II
EASTSPRING MASTER PROSPECTUS 2014
The authorization, and registration of

this master prospectus, should not be
taken to indicate that the Securities
Commission Malaysia recommends
the Funds or assumes responsibility
for the correctness of any statement
made or opinion or report expressed
in this master prospectus.
The Securities Commission Malaysia
is not liable for any non-disclosure
on the part of Eastspring Investments
Berhad which is responsible for the
Funds and takes no responsibility
for the contents in this master
prospectus. The Securities
Commission Malaysia makes no
representation on the accuracy
or completeness of this master
prospectus, and expressly disclaims
any liability whatsoever arising from,
or in reliance upon, the whole or any
part of its contents.
INVESTORS SHOULD RELY

ON THEIR OWN EVALUATION
TO 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.
ADDITIONAL STATEMENTS
No Units will be issued or sold based
on this master prospectus later than one (1)
year after the date of this master prospectus.
Investors are advised to note that recourse for
false or misleading statements or acts made
in connection with this master prospectus is
directly available through sections 248, 249
and 357 of the Capital Markets and Services
Act 2007.
Eastspring Investments Islamic Trust
(comprising Eastspring Investments Dana
al-Ilham, Eastspring Investments Dana
al-Islah and Eastspring Investments Dana
Wafi), Eastspring Investments Dana Dinamik,
Eastspring Investments Islamic Income Fund,
Eastspring Investments Asia Pacific Shariah
Equity Fund, Eastspring Investments Dinasti
Equity Fund and Eastspring Investments
ASEAN al-Adiil Fund have been certified
as being Shariah-compliant by the Shariah
advisers appointed for the Funds.
This master prospectus does not constitute
an offer or solicitation by anyone in any
country or jurisdiction other than in Malaysia.
Accordingly, this master prospectus may
not be used for the purpose of an offer
or solicitation in any jurisdiction or in any
circumstances in which such offer and
solicitation is not authorized.
TABLE OF CONTENTS
01.
DEFINITIONS
02.
CORPORATE DIRECTORY
03.
KEY DATA
General information
Fund information
Money market fund
Bond fund
Balanced fund
Mixed asset fund
Equity fund
Feeder fund
Fees, charges and expenses
Transaction details
Income distribution
Other information
15
16
18
18
20
26
30
32
41
50
56
61
63
04.
RISK FACTORS
69
05.
INFORMATION ON THE FUND

Eastspring Investments Cash Management Fund
Eastspring Investments Islamic Income Fund
Eastspring Investments Bond Fund
Eastspring Investments Bond Plus Fund
Eastspring Investments Institutional Income Fund
Eastspring Investments Enhanced Income Fund
Eastspring Investments Dana Wafi
Eastspring Investments Dana al-Islah
Eastspring Investments Balanced Fund
Eastspring Investments Asia Select Income Fund
Eastspring Investments ASEAN al-Adiil Fund
Eastspring Investments Dynamic Fund
Eastspring Investments Dana Dinamik
Eastspring Investments Small-cap Fund
Eastspring Investments Growth Fund
Eastspring Investments Equity Income Fund
Eastspring Investments MY Focus Fund
Eastspring Investments Asia Pacific Equity MY Fund
Eastspring Investments Dana al-Ilham
Eastspring Investments Asia Pacific Shariah Equity Fund
Eastspring Investments Dinasti Equity Fund
Eastspring Investments Indonesia Equity MY Fund
Eastspring Investments Global Emerging Markets Fund
85
86
87
89
91
93
94
96
98
100
102
104
106
108
110
112
114
115
118
119
121
123
125
126
Eastspring Investments Global Basics MY Fund

Eastspring Investments Global Leaders MY Fund
128
129
06.
INFORMATION ON THE TARGET FUND

Eastspring Investments Indonesia Equity Fund
M&G - Global Leaders
M&G - Global Basics
Schroder International Selection Fund Emerging Markets
151
152
166
166
185
07.
PERFORMANCE OF THE FUND

Financial highlights
Distribution
Portfolio turnover ratio
Asset allocation
199
200
221
224
226
08.
HISTORICAL FINANCIAL HIGHLIGHTS OF THE FUND

Total annual expenses incurred by the fund
Management expense ratio
233
234
234
235
236
236
237
238
238
239
240
240
241
242
242
243
244
244
245
246
246
247
248
248
249
251
253
09.
FEES, CHARGES AND EXPENSES
255
10.
TRANSACTION INFORMATION
267
11.
THE MANAGEMENT AND THE ADMINISTRATION OF THE FUND
285
12.
THE SHARIAH ADVISER
297
13.
THE TRUSTEE
301
14.
SALIENT TERMS OF THE DEED
305
15.
APPROVALS AND CONDITIONS
318
16.
RELATED PARTY TRANSACTIONS OR CONFLICT OF INTEREST
321
17.
TAXATION ADVISERS LETTER ON TAXATION OF THE

FUNDS AND UNIT HOLDERS
323
18.
ADDITIONAL INFORMATION
333
19.
DOCUMENTS AVAILABLE FOR INSPECTION
334
20.
UNIT TRUST LOAN FINANCING RISK DISCLOSURE STATEMENT
335
21.
COMPLIANCE WITH LAWS IN VARIOUS JURISDICTIONS
336
22.
DIRECTORY OF SALES OFFICE
339
23.
LIST OF DISTRIBUTION CHANNELS
340
DEFINITIONS
01. DEFINITIONS
In this master prospectus the following abbreviations or words shall have the following meanings
unless expressly stated.
ACD means M&G Securities Limited,
the Authorised Corporate Director of
M&G Investment Funds (1);
_______________
Act means the Capital Markets and
Services Act 2007 as may be amended
from time to time;
_______________
Authorised Distributors refers to
Institutional Unit Trust Advisers (IUTA),
Corporate Unit Trust Advisers (CUTA),
Unit Trust Consultants (UTC), and
the Manager and any other entities
authorised by the Manager to market
and distribute the Funds;
_______________
BNM means Bank Negara Malaysia;
________________
Bursa Malaysia means the stock
exchange managed and operated by the
Bursa Malaysia Securities Berhad;
_______________
Business Day
means a day in which Bursa Malaysia
is open for trading. The Manager may
also declare certain Business Days as
non-Business Days when
one or more of the foreign markets
in which the Fund is invested therein
is closed for trading; and/or
one or more of the collective
investment schemes in which the
Fund is invested therein declared
certain business days as non
business days;
COLL refers to the appropriate chapter

or rule in the Collective Investment
Schemes Sourcebook issued by the
Financial Conduct Authority (FCA) as
amended or re-enacted from time to
time;
_______________
CSSF means the Commission de
Surveillance du Secteur Financier
(Luxembourg financial supervisory
authority);
_______________
CUTA means the Corporate Unit
Trust Advisers licensed by the Securities
Commission Malaysia and registered with
the Federation of Investment Managers
Malaysia to market and distribute unit
trust funds;
_______________
Date of Constitution means the date
of the first Prospectus of the Fund and is
the date on which sales of the Fund were
first made; the Date of Constitution is
also the launch date of the Fund;
________________
Deed means the deeds or master
deeds for the respective Funds and any
other supplemental deeds and master
supplemental deeds that may be entered
into between the Manager and the
Trustee and registered with the Securities
Commission Malaysia;
_______________
Deposits means money placed with
financial institutions in fixed deposit or
current account;
DJIM APxJ Index means the Dow

Jones Islamic Market Asia Pacific exJapan Index;
_______________
DJIM Great China Index means the
Dow Jones Islamic Market Greater China
Index;
_______________
EEA means European Economic Area;
_______________
Eligible Market means a market that
is regulated by a regulatory authority;
operates regularly; is open to the public
and has adequate liquidity for the
purposes of the Fund in question;
_______________
Eligible State means any EU member
state of the European Union (EU), any
EU member state of the Organisation
for Economic Co-operation and
Development (OECD), and any other
state which the board of directors of
Schroder International Selection Fund
deem appropriate;
_______________
EPF means the Employees Provident
Fund;
_______________
FBMS means FTSE Bursa Malaysia

EMAS Shariah Index;
_______________
FBM100 means the FTSE Bursa
Malaysia 100 Index;
_______________
FBMKLCI means FTSE Bursa Malaysia
KLCI Index;
_______________
FBMSC means FTSE Bursa Malaysia
Small Cap Index;
_______________
FTSE Global Basics Composite
Index means the Financial Times
Stock Exchange Global Basics
Composite Index;
_______________
financial institution
if the institution is in Malaysia
i. licensed bank;
ii. licensed investment bank; or
iii. Islamic bank;
if the institution is outside Malaysia,
any institution that is licensed,
registered, approved or authorised
to provide financial services by the
relevant banking regulator.
ETF means exchange traded fund;

_______________
External Fund Manager means
Eastspring Investments (Singapore)
Limited appointed for Eastspring
Investments Asia Pacific Equity MY Fund;
the Fund or Funds means the following twenty five (25) funds covered under this master
prospectus which are collectively called the Funds and individually called the Fund:
Eastspring Investments Islamic Trust comprises of three funds:i) Eastspring Investments Dana al-Ilham
Eastspring Dana al-Ilham
ii) Eastspring Investments Dana al-Islah
Eastspring Dana al-Islah
iii) Eastspring Investments Dana Wafi
Eastspring Dana Wafi
Eastspring Dana Dinamik
Eastspring Islamic Income
Eastspring Asia Pacific Shariah Equity
Eastspring Dinasti Equity
Eastspring Investments Master Trust comprises of five funds:i) Eastspring Investments Small-cap Fund
Eastspring Small-cap
ii) Eastspring Investments Growth Fund
Eastspring Growth
iii) Eastspring Investments Balanced Fund
Eastspring Balanced
iv) Eastspring Investments Bond Fund
Eastspring Bond
v) Eastspring Investments Cash Management Fund
Eastspring Cash Management
Eastspring Dynamic
Eastspring Equity Income
Eastspring Institutional Income
Eastspring MY Focus
Eastspring Asia Pacific Equity MY
Eastspring Asia Select Income
Eastspring Global Leaders MY
Eastspring Global Basics MY
Eastspring Enhanced Income
Eastspring Global Emerging Markets
Eastspring Indonesia Equity MY
Eastspring Bond Plus
Eastspring Investments ASEAN al-Adiil Fund
Eastspring ASEAN al-Adiil
_______________
GIA means General Investment Account;
_______________
Greater China includes Peoples Republic of China, Hong Kong, Macau and Taiwan and other
administrative regions managed by the Peoples Republic of China;
Guidelines means the Guidelines on

Unit Trust Funds issued by the Securities
Commission Malaysia as may be
amended from time to time;
________________
Investment Manager means in
relation to feeder funds managed
by Eastspring Investments Berhad,
the Investment Manager of the
Target Fund. In the case of Eastspring
Investments Global Leaders MY Fund
and Eastspring Investments Global Basics
MY Fund means the M&G Investment
Management Limited, Eastspring
Investments Global Emerging Markets
Fund means the Schroder Investment
Management (United Kingdom) Limited,
and Eastspring Investments Indonesia
Equity MY Fund means Eastspring
Investments (Singapore) Limited;
________________
IOSCO means the International
Organization of Securities Commissions;
_______________
IUTA means an Institutional Unit Trust
Advisers approved by the Securities
Commission Malaysia and registered with
the Federation of Investment Managers
Malaysia to market and distribute unit
trust funds;
_______________
liquid assets means any permitted

investments capable of being converted
into cash within seven (7) days;
_______________
long-term means a period of more
than 5 years;
_______________
Manager or We means Eastspring
Investments Berhad;
_______________
medium-term means a period of
three (3) to five (5) years;
_______________
MSCI means Morgan Stanley Capital
International;
_______________
MSCI AC APxJ Index means the
Morgan Stanley Capital International All
Country Asia Pacific ex Japan Index;
_______________
MSCI China Index means the Morgan
Stanley Capital International China Index;
_______________
MSCI EM Net TR USD means Morgan
Stanley Capital International Emerging
Markets Net Total Return United States
Dollar;
_______________
JCI means the Jakarta Composite

Index;
_______________
MSCI India Index means the Morgan

Stanley Capital International India Index;
_______________
Law means the law on undertakings

for collective investment dated 17
December 2010;
MSCI World Index means Morgan

Stanley Capital International World Index;
Net Asset Value (NAV) of the Fund

is determined by deducting the value of
all the Funds liabilities from the value
of all the Funds assets, at the valuation
point. For the purpose of computing
the annual management fee and annual
trustee fee, the NAV of the Fund should
be inclusive of the management fee and
trustee fee for the relevant day;
_______________
NAV per Unit means the NAV of the
Fund divided by the number of units in
circulation, at the valuation point;
_______________
Quant Shop MGS Short Index
means the Quant Shop Malaysian
Government Securities Short Index;
_______________
Quant Shop MGS Medium Index
means the Quant Shop Malaysian
Government Securities Medium Index;
_______________
RAM means RAM Rating Services
Berhad;
_______________
Regulated Market means a market
within the meaning of Directive 2004/39/
EC of the European Parliament and of
the Council of 21 April 2004 on markets
in financial instruments or another
regulated market, which operates
regularly and is recognised and open to
the public in an Eligible State;
_______________
SAC means the Shariah Advisory
Council;
SACSC means the Shariah Advisory

Council of the Securities Commission;
_______________
SC means the Securities Commission
Malaysia established under the Securities
Commission Act 1993;
_______________
Shareholder(s) means the holder of
one or more Shares of any class of any
Sub-fund in the Prospectus of the Target
Funds;
_______________
Share(s) means a share of the Target
Fund in the capital of the SICAV;
_______________
Shariah means Islamic Law comprising
the whole body of rulings pertaining to
human conducts derived from sources of
the Shariah;
_______________
Shariah adviser means IBFIM;
_______________
Shariah-compliant with respect
to securities, means securities that
are approved by the SACSC and/
or the Shariah adviser based on the
interpretation of the Shariah by the
SACSC and/or the Shariah adviser;
_______________
Shariah requirements is a phrase
or expression which generally means
making sure that any human conduct
must not involve any prohibition and
that in performing that conduct all
the essential elements that make up
the conduct must be present and each

essential element must meet all the
necessary conditions required by the
Shariah for that element;
_______________
short-term means a period of less
than three (3) years;
_______________
the SICAV means in relation the
Eastspring Investments and Schroder
International Selection Fund, a
Luxembourg investment company with
variable capital (Socit dInvestissement
Capital Variable) subject to Part one
of the 2002 Law incorporated as a
public limited liability company (Socit
anonyme);
_______________
Special Resolution means a
resolution passed at a meeting of Unit
Holders duly convened in accordance
with the Deed and carried by a majority
in number representing at least threefourths of the value of the Units held by
the Unit Holders voting at the Meeting in
person or by proxy;
_______________
Sub-fund means a portfolio of
assets invested according to a specific
investment policy set out in the
Eastspring Investments Prospectus, the
Prospectus and the M&G Investment
Funds (1) Prospectus;
sukuk1 means certificates of equal

value which evidence undivided
ownership or investment in the assets
using Shariah principles and concepts
endorsed by the SAC;
_______________
the Target Fund means the
M&G Global Leaders Fund relating
to Eastspring Investments Global
Leaders MY Fund; the M&G Global
Basics Fund relating to Eastspring
Investments Global Basics MY Fund; the
Emerging Markets relating to Eastspring
Investments Global Emerging Markets
Fund; the Eastspring Investments
Indonesia Equity Fund relating to
Eastspring Investments Indonesia
Equity MY Fund and the Eastspring
Investments Dragon Peacock Fund
relating to Eastspring Investments Asia
Select Income Fund (for the avoidance of
doubt, the Eastspring Investments Asia
Select Income Fund is not a feeder fund);
_______________
transferable securities means
equities, debentures and warrants;
_______________
Trustee means Deutsche Trustees
Malaysia Berhad;
_______________
UCITS is an undertaking for collective
investment in transferable securities
within the meaning of Article 1(2)
__________________________
1
Extracted from the Securities Commission, Guidelines on Sukuk; Revised: 8 January 2014,
Effective: 8 January 2014
of Council Directive 85/611/EEC of 20

December 1985, as amended;
_______________
UCI is an other undertaking for
collective investment within the meaning
of the first and second indent of Article
1(2) of Council Directive 85/611/EEC of 20
December 1985, as amended;
_______________
Unit(s) means an undivided share in the
beneficial interest and/or right in the Fund
and a measurement of the interest and/
or right of a Unit Holder in the Fund and
means a Unit of the Fund;
_______________
Unit Holder(s) or you means the
person for the time being who is registered
pursuant to the Deed as a holder of Units
of the Fund; and
_______________
UTC means an Unit Trust Consultant
registered with the Federation of
Investments Managers Malaysia to market
and distributes unit trust funds.
CORPORATE DIRECTORY
02. CORPORATE DIRECTORY

THE MANAGER
_______________________
NAME
EASTSPRING INVESTMENTS BERHAD
COMPANY NO.
531241-U
REGISTERED OFFICE
16th Floor, Wisma Sime Darby
Jalan Raja Laut
50350 Kuala Lumpur
HEAD OFFICE
Level 12, Menara Prudential
No. 10, Jalan Sultan Ismail
50250 Kuala Lumpur
REGISTERED OFFICE
No. 10, Marina Boulevard
#32-01 Marina Bay Financial Center Tower 2
Singapore 018983
TELEPHONE NO.
65-6349 9100
FAX NO.
65-6509 9813
WEBSITE
www.eastspring.com.sg
TRUSTEE
_______________________
TELEPHONE NO.
603-2052 3388
NAME
DEUTSCHE TRUSTEES MALAYSIA
BERHAD
FAX NO.
603-2070 6129
COMPANY NO.
763590-H
EMAIL
cs.my@eastspring.com
REGISTERED OFFICE/BUSINESS OFFICE

Level 18-20, Menara IMC
50250 Kuala Lumpur
WEBSITE
www.eastspringinvestments.com.my
TELEPHONE NO.
603-2053 7522
THE MANAGERS DELEGATE
EXTERNAL FUND MANAGER FOR
EASTSPRING INVESTMENTS ASIA
PACIFIC EQUITY MY FUND
_______________________
NAME
EASTSPRING INVESTMENTS
(SINGAPORE) LIMITED
COMPANY NO.
199407631H
10
FAX NO.
603-2053 7526
TRUSTEES DELEGATE
CUSTODIAN
_______________________
NAME
DEUTSCHE BANK (MALAYSIA)
BERHAD
COMPANY NO.
312552-W
REGISTERED OFFICE
Level 18, Menara IMC
50250 Kuala Lumpur
HEAD OFFICE
50250 Kuala Lumpur
INVESTMENT COMMITTEE OF
THE FUNDS
_______________________
Ho Yik
(Independent member)
Robert Yap Yen Choon
(Independent member)
Abdul Khalil bin Abdul Hamid
(Independent member, for Shariahcompliant Funds only)
TELEPHONE NO.
603-2053 6788
Cheah Lee Ling

(Non-independent member)
FAX NO.
603-2031 8710
Tan Sri Datuk Abdul Rahim bin Haji Din

(Non-independent member, for
conventional Funds and Shariahcompliant Funds)
BOARD OF DIRECTORS OF THE

MANAGER
_______________________
Guy Robert Strapp
(Chairman, non-independent director)
Ho Yik
(Independent, non-executive director)
Iskander bin Ismail Mohamed Ali
(Independent, non-executive director)
(Non-independent, non-executive director)
Cheah Lee Ling
(Non-independent, executive director)
Julian Christopher Vivian Pull
(Non-independent, non-executive director)
SHARIAH ADVISER
_______________________
NAME
IBFIM
COMPANY NO.
763075-W
REGISTERED ADDRESS
No. 149A, 149B, 151B
Persiaran Raja Muda Musa
42000 Port Klang
Selangor Darul Ehsan
BUSINESS ADDRESS
3rd Floor, Menara Takaful Malaysia
Jalan Sultan Sulaiman
50000 Kuala Lumpur
11
TELEPHONE NO.
603-2031 1010
FAX NO.
603-2078 5250
WEBSITE
www.ibfim.com
AUDIT AND COMPLIANCE

COMMITTEE OF THE MANAGER
_______________________
Ho Yik
(Independent)
(Independent)
Niall Dermot Grady
(Non-independent)
COMPANY SECRETARY OF THE

MANAGER
_______________________
NAME
Vijey a/l R. Mohana Krishnan
(BC/V/143)
ADDRESS
RDL Corporate Services Sdn Bhd
16th Floor, Wisma Sime Darby
Jalan Raja Laut
50350 Kuala Lumpur
TELEPHONE NO.
603-2694 9999
FEDERATION OF INVESTMENT
MANAGERS MALAYSIA
_______________________
ADDRESS
19-06-1, 6th Floor
PNB Damansara
No. 19, Lorong Dungun
Damansara Heights
50490 Kuala Lumpur
TELEPHONE NO.
603-2093 2600
FAX NO.
603-2093 2700
EMAIL
info@fimm.com.my
WEBSITE
www.fimm.com.my
AUDITORS OF THE MANAGER

AND FOR EASTSPRING INVESTMENTS
MASTER TRUST
_______________________
NAME
KPMG
ADDRESS
Level 10, KPMG Tower
No. 8, First Avenue
Bandar Utama
47800 Petaling Jaya
Selangor
TELEPHONE NO.
603-7721 3388
12
AUDITORS FOR THE FUNDS

(OTHER THAN EASTSPRING
INVESTMENTS MASTER TRUST)
_______________________
NAME
PRICEWATERHOUSECOOPERS
ADDRESS
Level 10, 1 Sentral
Jalan Travers
Kuala Lumpur Sentral
P.O. Box 10192
50706 Kuala Lumpur
TELEPHONE NO.
603-2173 1188
TAXATION ADVISER FOR

EASTSPRING INVESTMENTS
MASTER TRUST
_______________________
NAME
KPMG Tax Services Sdn Bhd
ADDRESS
Level 10, KPMG Tower
No. 8, First Avenue
Bandar Utama
47800 Petaling Jaya
Selangor
ADDRESS
Level 10, 1 Sentral
Jalan Travers
P.O. Box 10192
50706 Kuala Lumpur
TELEPHONE NO.
603-2173 1188
FUND VALUER
_______________________
NAME
BERHAD
COMPANY NO.
312552-W
REGISTERED OFFICE
50250 Kuala Lumpur
HEAD OFFICE
50250 Kuala Lumpur
TELEPHONE NO.
603-2053 6788
TELEPHONE NO.
603-7721 3388
FAX NO.
603-2031 9822
TAXATION ADVISER FOR THE

FUNDS (OTHER THAN EASTSPRING
INVESTMENTS MASTER TRUST)
_______________________
REGISTRAR AND TRANSFER

AGENT
_______________________
NAME
PRICEWATERHOUSECOOPERS
TAXATION SERVICES SDN BHD
NAME
DEUTSCHE TRUSTEES MALAYSIA
BERHAD
13
COMPANY NO.
763590-H
NAME
MALAYAN BANKING BERHAD
REGISTERED OFFICE/
BUSINESS OFFICE
50250 Kuala Lumpur
ADDRESS
No. 100, Jalan Tun Perak
50050 Kuala Lumpur
TELEPHONE NO.
603-2053 7522
FAX NO.
603-2053 7526
TELEPHONE NO.
603-2070 8833
NAME
STANDARD CHARTERED BANK
MALAYSIA BERHAD
SOLICITORS
_______________________
ADDRESS
Level 16, Menara Standard Chartered
50250 Kuala Lumpur
NAMES
MESSRS NAQIZ & PARTNERS
TELEPHONE NO.
603-2117 7777
ADDRESS
No. 42A, Lorong Dungun
Damansara Heights
50490 Kuala Lumpur
NAME
HSBC BANK MALAYSIA BERHAD
TELEPHONE NO.
603-2081 7888
PRINCIPAL BANKERS
_______________________
NAME
BERHAD
ADDRESS
50250 Kuala Lumpur
TELEPHONE NO.
603-2053 6788
14
ADDRESS
No. 2, Leboh Ampang
50100 Kuala Lumpur
TELEPHONE NO.
603-2075 3000
KEY DATA
15
03. KEY DATA

THIS SECTION IS ONLY A SUMMARY OF THE SALIENT INFORMATION ABOUT THE FUNDS, INVESTORS
SHOULD READ AND UNDERSTAND THE WHOLE MASTER PROSPECTUS BEFORE MAKING ANY
INVESTMENT DECISIONS.
GENERAL INFORMATION
Fund type
Shariahcompliant
Funds
EPF Members
Investment
Scheme
Geographical
coverage
Eastspring Cash
Management
Income
Malaysia
Eastspring Islamic
Income
Income
Malaysia
Eastspring Bond
Income
Malaysia
Income
Malaysia & Global
Eastspring Institutional
Income
Income
Malaysia
Eastspring Enhanced
Income
Growth &
income
Malaysia & Asia

Pacific
Income
Malaysia
Eastspring Dana
al-Islah
Income
Malaysia
Eastspring Balanced
Growth &
income
Malaysia
Eastspring Asia Select

Income
Growth &
income
Malaysia, China
& India
Eastspring ASEAN
al-Adiil
Growth &
income
ASEAN
Fund name
MONEY MARKET FUND
BOND FUND
BALANCED FUND
16
Fund type
Shariahcompliant
Funds
EPF Members
Investment
Scheme
Geographical
coverage
Growth
Malaysia
Growth &
income
Malaysia
Growth
Malaysia
Eastspring Growth
Growth
Malaysia
Eastspring Equity
Income
Income
Malaysia
Eastspring MY Focus
Growth &
income
Malaysia
Eastspring Asia Pacific

Equity MY
Growth
Asia Pacific
Eastspring Dana
al-Ilham
Growth
Malaysia

Shariah Equity
Growth
Asia Pacific
Eastspring Dinasti
Equity
Growth
Greater China
Eastspring Indonesia
Equity MY
Growth
Indonesia
Eastspring Global
Emerging Markets
Growth
Global Emerging
Markets
Eastspring Global
Basics MY
Growth
Global
Eastspring Global
Leaders MY
Growth
Global
Fund name
MIXED ASSET FUND
Eastspring Dynamic
Eastspring Dana
Dinamik
EQUITY FUND
FEEDER FUND
17
FUND INFORMATION
MONEY MARKET FUND
Fund Category/
Fund Type
Money market/income
Fund Objective
The Fund seeks to provide a high level of liquidity with

reasonable returns by investing in a portfolio of money market
and other short-term debt instruments.
Investment
Strategy
The Fund seeks to achieve its objective by investing in a portfolio

of short-term money market instruments and short-term
debentures.
Asset Allocation
Up to 99% of the Funds NAV in permitted investments

which have a remaining maturity period of not more than
365 days.
which have a remaining maturity period of more than 365
days but fewer than 732 days.
At least 1% of the Funds NAV in Deposits or liquid assets.
Principal Risks
Credit or Default risk

Interest rate risk
Investor Profile
Investors who
have low risk tolerance
adopt a short-term investment horizon
Performance
Benchmark
Maybank overnight rate

Source: www.maybank2u.com.my
Note: The risk profile of the Fund is different from the risk profile
of the performance benchmark.
Launch Date
29 May 2003
Financial Year End
31 December
18
MONEY MARKET FUND
Fund Category/
Fund Type
Shariah money market/income
Fund Objective
The Fund seeks to provide liquidity and a steady income* stream

by investing in money market instruments and short-term
debentures which are Shariah-compliant.
Investment
Strategy

of short-term Islamic money market instruments and short-term
sukuk.
Asset Allocation

which have a remaining maturity period of not more than
365 days.
which have a remaining maturity period of more than 365
days but fewer than 732 days.
At least 1% of the Funds NAV in Islamic Deposits or Islamic
liquid assets.
Principal Risks

Interest rate risk
Investor Profile
Investors who:
seek liquidity and a steady income* stream
have low risk tolerance
Performance
Benchmark
Maybank Islamic overnight rate

Launch Date
8 February 2007
Financial Year End
31 March
* Income will be reinvested into additional Units unless Unit Holder opts for the distribution to be paid out.
Kindly refer to page 61 for more information on the mode of distribution.
19
Eastspring Bond
BOND FUND
Fund Category/
Fund Type
Bond/income
Fund Objective
The Fund seeks to provide investors with a steady stream

of income* returns by investing principally in a portfolio of
investment grade fixed income securities with exposure in
non-investment grade fixed income securities which yield above
average returns.
Investment
Strategy

of fixed income securities.
Asset Allocation
Up to 99% of the Funds NAV in fixed income securities.

Up to 99% of the Funds NAV in debt instruments issued by
the government, government agencies and/or BNM.
Principal Risks

Interest rate risk
Investor Profile
Investors who:
seek a steady income* stream
have low to medium risk tolerance
adopt a medium-term investment horizon
Performance
Benchmark

Source: www.quantshop.com
Launch Date
29 May 2001
Financial Year End
31 December
20
BOND FUND
Fund Category/
Fund Type
Bond/income
Fund Objective
The Fund seeks to provide a steady stream of income*.
Investment
Strategy
The Fund seeks to achieve its objective by investing a minimum

of 70% of the Funds NAV in fixed income securities. Not
more than 30% of the Funds NAV may be invested in foreign
fixed income securities. The fixed income securities comprise,
amongst others, sovereign bonds and corporate bonds (listed
and unlisted). The Fund may also invest in fixed income collective
investment schemes as well as liquid assets.
Asset Allocation
Minimum 70% of the Funds NAV in fixed income securities.

Maximum 30% of the Funds NAV in fixed income collective
investment schemes as well as liquid assets.
Principal Risks

Counterparty risk
Interest rate risk
Countries or Foreign securities risk
Currency risk
Income distribution risk
Investor Profile
Investors who:
have low to moderate risk tolerance
Performance
Benchmark

Launch Date
1 April 2013
Financial Year End
31 March
21
BOND FUND
Fund Category/
Type of Fund
Bond/income
Fund Objective
The Fund seeks to provide a stable stream of income* by

investing in fixed income securities.
Investment
Strategy

of fixed income securities.
Asset Allocation
Up to 99% of the Funds NAV in permitted investments with

portfolio maturing within 365 days.
Up to 30% of the Funds NAV in permitted investments with
portfolio maturity exceeding 365 days.
Principal Risks

Interest rate risk
Investor Profile
Investors who:
seek a stable income* stream
have medium risk tolerance
Performance
Benchmark
Maybank overnight rate

Launch Date
7 April 2005
Financial Year End
30 September
22
BOND FUND
Fund Category/
Fund Type
Fixed income/growth and income
Fund Objective
The Fund seeks to provide income* stream and an opportunity

for capital appreciation by investing in a portfolio of Malaysian
and foreign securities.
Note: The Funds focus is on income.
Investment
Strategy

comprising Malaysian fixed income securities and money market
instruments as well as Malaysian and foreign equities and equityrelated securities, and collective investment schemes that invest
in the Asia Pacific markets.
Asset Allocation
Up to 30% of the Funds NAV in equities and equity-related

securities, and collective investment schemes.
The remaining of the Funds NAV in fixed income securities,
Deposits and/or liquid assets.
At least 0.2% of the Funds NAV in Deposits or liquid assets.
Principal Risks

Interest rate risk
Security risk
Currency risk
Investor Profile
Investors who:
adopt a medium to long-term investment horizon
Performance
Benchmark
70% Quant Shop MGS Medium Index + 30% MSCI AC

APxJapan Index
Source: www.msci.com and www.quantshop.com
Launch Date
28 May 2007
Financial Year End
30 September
23
BOND FUND
Fund Category/
Fund Type
Shariah fixed income/income
Fund Objective
The Fund seeks to generate stable income* by investing in

Shariah-compliant fixed income securities.
Investment
Strategy

of sukuk.
Asset Allocation
Up to 99% of the Funds NAV in sukuk and Islamic money

market instruments issued by the government, government
agencies and/or BNM.
At least 1% of the Funds NAV in Islamic Deposits or Islamic
liquid assets.
Principal Risks

Interest rate risk
Investor Profile
Investors who:
Performance
Benchmark

Launch Date
21 February 2005
Financial Year End
31 March
24
BOND FUND
Fund Category/
Fund Type
Shariah fixed income/income
Fund Objective
The Fund seeks to provide investors with a stable income*

stream and an opportunity for capital appreciation from Shariahcompliant fixed income and equity securities.
Investment
Strategy

comprising primarily sukuk and partially Shariah-compliant
equities and equity-related securities.
Asset Allocation
Up to 99% of the Funds NAV in sukuk and Islamic liquid

assets.
Up to 30% of the Funds NAV in Shariah-compliant equities
and equity-related securities.
Principal Risks

Interest rate risk
Security risk
Investor Profile
Investors who:
Performance
Benchmark
78% Quant Shop MGS Short Index + 22% FBMS

Source: www.quantshop.com and www.bursamalaysia.com
Launch Date
14 August 2002
Financial Year End
31 March
25
Eastspring Balanced
BALANCED FUND
Fund Category/
Type of Fund
Balanced/growth & income
Fund Objective
The Fund seeks to provide investors with capital appreciation

and a reasonable level of current income* by investing in a
mixed portfolio of companies with good dividend yield and low
price volatility and a portfolio of investment grade fixed income
securities.
Note: The Funds focus is on growth.
Investment
Strategy
The Fund seeks to achieve its objective by investing in a balanced

portfolio comprising equities and equity-related securities and
fixed income securities.
Asset Allocation

securities.
Principal Risks
Security risk
Interest rate risk
Investor Profile
Investors who
seek capital appreciation and income*
Performance
Benchmark
50% FBM100 + 50% Maybank 12-month fixed deposit rate

Source: www.bursamalaysia.com and www.maybank2u.com.my
Launch Date
29 May 2001
Financial Year End
31 December
26
BALANCED FUND
Fund Category/
Fund Type
Balanced/growth & income
Fund Objective
The Fund seeks to provide a stable income* stream and an

opportunity for capital appreciation by investing primarily
in a portfolio of Malaysian investment grade fixed income
securities and a collective investment scheme primarily the
Eastspring Investments Dragon Peacock Fund, which invests
in equities and equity-related securities of corporations which
are incorporated in, or listed in, or operating principally from, or
carrying on significant business in, or derive substantial revenue
from, or whose subsidiaries, related or associated corporations,
derive substantial revenue from the Peoples Republic of China
(PRC) and India.
Investment
Strategy
The Fund seeks to achieve its objective by investing in securities

consisting of:
Malaysian investment grade fixed income securities; and
A collective investment scheme namely the Eastspring
Investments Dragon Peacock Fund, incorporated in
Luxembourg.
Asset Allocation
Up to 40% of the Funds NAV in the Eastspring Investments

Dragon Peacock Fund.
The remaining of the Funds NAV will be invested in fixed
income securities.
Principal Risks
Security risk
Currency risk
Interest rate risk
Investor Profile
Investors who:
seek capital growth
want to participate in the India and China markets
have medium to high risk tolerance
27

Performance
Benchmark
BALANCED FUND
20% MSCI China Index + 20% MSCI India Index + 60% Quant
Shop MGS Medium Index
Launch Date
18 November 2005
Financial Year End
30 June
BALANCED FUND
Fund Category/
Fund Type
Balanced (Shariah)/growth and income
Fund Objective
The Fund seeks to provide capital appreciation and income* by

investing in Shariah-compliant securities in the ASEAN markets.
Note: The Funds focus is on growth and income.
Investment
Strategy
The Fund seeks to achieve its objective by investing in Shariahcompliant equities and equity-related securities, such as rights
and Shariah-compliant warrants, which are listed on the ASEAN
exchanges.
The Fund also invests in domestic and/or foreign sukuk issued by
corporations, financial institutions and governments of ASEAN
member countries which are traded in the ASEAN markets or listed
on the ASEAN exchanges. Corporations and financial institutions
which issue sukuk shall have their business incorporated in the
ASEAN member countries. Domestic sukuk which is issued by the
corporations and financial institutions shall carry a rating of at least
BBB3 by RAM or its equivalent rating by any other domestic rating
agencies whilst foreign sukuk shall carry a rating of at least BB3 by
Standard & Poors or its equivalent rating by any other global rating
agencies. However, sukuk issued by governments need not be rated.
The Funds investments may also include Islamic liquid assets.
28
BALANCED FUND
The Fund will invest in ASEAN markets where the regulatory

authority is a member of IOSCO. The ASEAN markets where the
Fund will invest in include but not limited to Indonesia, Malaysia,
Singapore, Philippines and Thailand.
Asset Allocation
40% to 60% of the Funds NAV in Shariah-compliant

40% to 60% of the Funds NAV in sukuk and Islamic liquid
assets.
Principal Risks
Security risk
Counterparty risk
Interest rate risk
Currency risk
Reclassification of Shariah status risk
Investor Profile
Investors who:
seek both capital appreciation and income*
have a moderate risk tolerance
have a medium-term investment horizon
Performance
Benchmark
50% DJIM ASEAN Index + 50% Maybank 12-month GIA

Source: www.djindexes.com and www.maybank2u.com.my
Launch Date
28 October 2013
Financial Year End
30 June
29
Eastspring Dynamic
MIXED ASSET FUND
Fund Category/
Fund Type
Mixed Asset/growth
Fund Objective
The Fund seeks to provide investors with capital appreciation

by actively investing in equity and equity-related securities. For
defensive consideration, the Fund may invest in debentures and
money market instruments.
Investment
Strategy
The Fund seeks to achieve its objective by adopting a flexible

asset allocation strategy between the different asset classes of
equities and equity-related securities, debentures and liquid assets,
depending on the investment market outlook.
Asset Allocation

securities.
Up to 100% of the Funds NAV in debentures and liquid assets.
Principal Risks
Security risk
Interest rate risk
Investor Profile
Investors who:
seek capital appreciation
Performance
Benchmark
a)
If 100% of the Funds NAV invested in equities and equityrelated securities:

FBM100
b)
If 100% of the Funds NAV invested in debentures and liquid

assets:
Maybank 12-month fixed deposit rate
c)
If invested in a mix of equities and equity-related securities,

debentures and liquid assets:
50% FBM100 + 50% Maybank 12-month fixed deposit rate

Note: The risk profile of the Fund is different from the risk profile of
the performance benchmark.
Launch Date
6 November 2003
Financial Year End
30 June
30
MIXED ASSET FUND
Fund Category/
Fund Type
Mixed Asset (Shariah)/growth & income
Fund Objective
The Fund seeks to provide investors with capital appreciation by

actively investing in Shariah approved equities and equity-related
securities. For defensive considerations, the Fund may invest in
Shariah-approved debentures and money market instruments.
Investment
Strategy
The Fund seeks to achieve its objective by adopting a flexible

asset allocation strategy between the different asset classes of
Shariah-compliant equities and equity-related securities, sukuk
and Islamic liquid asssets depending on the investment market
outlook.
Asset Allocation

Up to 100% of the Funds NAV in sukuk and Islamic liquid
assets.
Principal Risks
Security risk
Interest rate risk
Investor Profile
Investors who:
Performance
Benchmark
a)
If 100% of the Funds NAV invested in Shariah-compliant

equities and equity-related securities:
FBMS
b)
If 100% of the Funds NAV invested in sukuk and Islamic

liquid assets:
Maybank 12-month (GIA) Tier II rate
c)
If the Fund is investing in a mixture of Shariah-compliant

equities and equity-related securities, sukuk and Islamic
liquid assets:
50% FBMS+ 50% Maybank 12-month GIA Tier II rate
31
MIXED ASSET FUND

Launch Date
25 February 2004
Financial Year End
30 September
EQUITY FUND
Fund Category/
Fund Type
Equity (small-cap)/growth
Fund Objective
The Fund seeks to provide investors with maximum capital

appreciation by investing principally in small market capitalisation
companies which will appreciate in value.
Note: The Fund will invest in small market capitalization
companies at the point of acquisition.
Investment
Strategy
The Fund seeks to achieve its objective by investing in equities

and equity-related securities of companies with market
capitalization of up to RM3 billion at the point of acquisition.
Asset Allocation
Up to 99% of the Funds NAV in securities of small

capitalization companies.
Principal Risk
Security risk
Investor Profile
Investors who:
have higher risk tolerance
adopt a long-term investment horizon
Performance
Benchmark
FBMSC
Source: www.bursamalaysia.com
Launch Date
29 May 2001
Financial Year End
31 December
32
Eastspring Growth
EQUITY FUND
Fund Category/
Fund Type
Equity/growth
Fund Objective
The Fund seeks to provide investors with long-term capital

appreciation by investing principally in larger companies which
will appreciate in value.
Investment
Strategy

and equity-related securities of undervalued companies which
have good growth potential.
Asset Allocation
Up to 99% of the Funds NAV in a diversified portfolio

of equities and equity-related securities of undervalued
companies which have good growth potential.
Principal Risk
Security risk
Investor Profile
Investors who:
Performance
Benchmark
FBM100
Launch Date
29 May 2001
Financial Year End
31 December
33
EQUITY FUND
Fund Category/
Fund Type
Equity/income
Fund Objective
The Fund seeks to provide a stable income* stream with medium

to long-term capital growth.
Investment
Strategy

and equity-related securities of companies that have consistent
track record of dividend distributions and prospects for capital
growth or increase in future dividend distributions.
Asset Allocation

securities.
Principal Risk
Security risk
Investor Profile
Investors who:
seek a stable income* stream and capital appreciation
Performance
Benchmark
FBM100
Launch Date
18 October 2004
Financial Year End
30 June
34
Eastspring MY Focus
EQUITY FUND
Fund Category/
Fund Type
Equity/growth and income
Fund Objective
The Fund seeks to provide investors with capital appreciation in

the medium to long-term with an opportunity for income*, if any.
Investment
Strategy
The Fund seeks to achieve its objective by employing a valueoriented investment style with bottom-up security selection.
The investment approach is focused, by investing up to but
not limited to 30 Malaysian stocks that are expected to provide
medium to long-term capital appreciation and income*
potential. Further, the Fund may minimise potential equity
downside risk by allocating up to 30% of the Funds NAV into
Malaysian fixed income securities, money market instruments
and Deposits.
Pursuant to the Funds objective and strategy, the Manager
is not constrained by market benchmarks i.e. the Manager is
benchmark-aware but is not compelled to invest in a stock that
is a major constituent of a market barometer like the FTSE Bursa
Malaysia KLCI Index, if the stock does not fulfil the Managers
selection criteria. The Manager may also employ derivatives
and derivative-related instruments and products to capitalise on
the markets upside potential and/or hedge against stock price
declines.
Asset Allocation
Minimum 70% of the Funds NAV in equities and equityrelated securities.

Maximum 30% of the Funds NAV in fixed income securities,
money market instruments and Deposits.
Maximum 10% of the Funds NAV in derivatives.
Minimum 0.2% of the Funds NAV in Deposits or liquid
assets.
Principal Risks
Security risk
Concentration risk
Interest rate risk
35
Eastspring MY Focus
EQUITY FUND
Investor Profile
Investors who:
have high risk tolerance
Performance
Benchmark
FBMKLCI
Launch Date
1 March 2011
Financial Year End
31 December
EQUITY FUND
Fund Category/
Fund Type
Equity/growth
Fund Objective
The Fund seeks to provide medium to long-term capital growth.
Investment
Strategy

and equity-related securities of companies in the local and Asia
Pacific ex-Japan region with good capital growth potential.
Asset Allocation
At least 80% of the Funds NAV in equities and equityrelated securities.

Principal Risks
Security risk
Currency risk
Investor Profile
36
Investors who:
seek capital growth
want to participate in the Asia Pacific ex-Japan region

Performance
Benchmark
EQUITY FUND
MSCI AC APxJ Index

Source: www.msci.com
Launch Date
21 July 2005
Financial Year End
31 March
Other Information
External Fund
Manager
Eastspring Investments (Singapore) Limited
EQUITY FUND
Fund Category/
Fund Type
Shariah equity/growth
Fund Objective
The Fund seeks to provide investors with high capital

appreciation* from Shariah-compliant investments which have
the potential of substantial value appreciation.
Investment
Strategy

of undervalued Shariah-compliant equities and equity-related
securities with good growth potential.
Asset Allocation

At least 0.2% of the Funds NAV in Islamic Deposits or
Islamic liquid assets.
Principal Risks
Security risk
* High returns are generally associated with high investment risks.
37
EQUITY FUND
Investor Profile
Investors who:
Performance
Benchmark
FBMS
Launch Date
14 August 2002
Financial Year End
31 March
EQUITY FUND
Fund Category/
Fund Type
Fund Objective
The Fund seeks medium to long-term capital appreciation by

investing primarily in Shariah-compliant undervalued companies
with potential for re-rating in the Asia Pacific ex-Japan region.
Investment
Strategy
The Fund seeks to achieve its objective by investing primarily

in Shariah-compliant equities and equity-related securities of
undervalued companies with the potential for re-rating in the Asia
Pacific ex-Japan region. The Fund may invest in Shariah-compliant
securities quoted on the recognised Asia Pacific ex-Japan
exchanges, include but not limited to Hong Kong, South Korea,
India, Malaysia, Thailand, Singapore, Australia, China (Shanghai
and Shenzhen), Indonesia, Taiwan, New Zealand and Philippines,
where the regulatory authority is a member of the IOSCO.
A company may be re-rated, for example, when it secures a
large or substantial contract or a likelihood of an expansion of
price-earnings ratio. The Manager gathers such information on
corporate developments from various sources such as stockbroking houses and companies visit.
38
EQUITY FUND
The Fund may also invest in the American Depository Receipts

(ADRs) and Global Depository Receipts (GDRs), China A shares
and exchange traded derivatives (index and stock), subject to the
approval of the Shariah adviser.
Asset Allocation
At least 75% of the Funds NAV in Shariah-compliant

Up to 25% of the Funds NAV in sukuk.
At least 0.2% of the Funds NAV in Islamic Deposits or other
Principal Risks
Security risk
Currency risk
Interest rate risk
License risk
Investor Profile
Investors who:
want to participate in the Asia Pacific ex-Japan region
Performance
Benchmark
DJIM APxJ Index

Source: www.djindexes.com
Launch Date
22 November 2007
Financial Year End
30 September
39
EQUITY FUND
Fund Category/
Fund Type
Fund Objective
The Fund aims to provide investors with long-term capital

appreciation by investing in Shariah-compliant investments with
exposure to the Greater China region.
Investment
Strategy
The Fund seeks to achieve its objective by investing primarily

in Shariah-compliant equities and equity-related securities of
companies based in the Greater China region which potentially
offer attractive long-term value. These include Shariah-compliant
securities of Greater China-based companies listed or to be listed
on recognised exchanges of Peoples Republic of China, Hong
Kong and Taiwan, as well as other recognised exchanges such as
in Malaysia, Singapore and the United States of America where
the regulatory authority is a member of the IOSCO.
The Fund may minimise potential equity downside risk by
investing the remainder of the Funds NAV not invested in
Shariah-compliant equities and equity-related securities into
Islamic financial instruments which include but not limited to
sukuk and Islamic liquid assets.
Asset Allocation
At least 70% of the Funds NAV in Shariah-compliant

The remaining of the Funds NAV not invested in the
Shariah-compliant equities and equity-related securities will
be invested in sukuk and Islamic liquid assets.
Principal Risks
Security risk
Interest rate risk
Currency risk
Counterparty risk
License risk
Shariah-compliant derivative risk
Prepayment and commitment risk
40
EQUITY FUND
Investor Profile
Investors who:
want to participate in the Greater China region
Performance
Benchmark
DJIM GreatChina Index

Launch Date
26 October 2009
Financial Year End
30 June
FEEDER FUND
Fund Category/
Fund Type
Feeder fund (single-country)/growth
Fund Objective
The Fund seeks to maximise long-term total return via the

Eastspring Investments - Indonesia Equity Fund that invests
primarily in equities and equity-related securities of companies,
which are incorporated, listed in or have their area of primary
activity, in Indonesia.
Should the Manager decide to invest in another collective
investment scheme other than the Eastspring Investments
Indonesia Equity Fund for any reason whatsoever, Unit
Holders approval is required.
Investment
Strategy
The Fund seeks to achieve its objective by investing in the

Eastspring Investments Indonesia Equity Fund which is a
Sub-fund of the Eastspring Investments, managed by Eastspring
Investments (Singapore) Limited.
Asset Allocation
At least 95% of the Funds NAV in the Eastspring

Investments Indonesia Equity Fund.
Principal Risks

Currency risk
41

Principal Risks of
the Target Fund
FEEDER FUND
Security risk
Management of Target Fund risk
Errors in calculation of the net asset value of the Target Funds risk
Liquidity risk
Single country or Foreign securities risk
Currency risk
Investor Profile
Investors who:
seek total return
want to participate in Indonesian market
Performance
Benchmark
JCI
Source: www.idx.co.id
Launch Date
27 April 2011
Financial Year End
31 March
Information on the Target Fund

Name of the Target
Fund
Management
Company
Eastspring Investments (Luxembourg) S.A.
Investment
Manager
Eastspring Investments (Singapore) Limited
Domiciled Country
Grand Duchy of Luxembourg
Regulatory
Authority
Commission de Surveillance du Secteur Financier
Launch Date
26 May 2011
Share Class
Currency of Share
Class
USD
42
FEEDER FUND
Fund Category/
Fund Type
Feeder fund (global equity)/growth
Fund Objective
The Fund seeks to achieve long-term capital growth by investing

in a collective investment scheme called the Schroder International
Selection Fund Emerging Markets, which in turn seeks to provide
capital growth primarily through investment in equity securities of
emerging markets companies.
investment scheme other than the Schroder International
Selection Fund Emerging Markets or any reason whatsoever,
Unit Holders approval is required.
Investment
Strategy
The Fund seeks to achieve its objective by investing in the

Schroder International Selection Fund Emerging Markets which
is a Sub-fund of the Schroder International Selection Fund,
managed by Schroder Investment Management Limited in UK.
Asset Allocation
At least 95% of the Funds NAV in the Schroder International

Selection Fund Emerging Markets.
Principal Risks

Currency risk
Principal Risks of
the Target Fund
Security risk
Errors in calculation of the net asset value of the
Target Funds risk
Liquidity risk
Currency risk
Emerging market risk
Initial Public Offerings risk
Smaller companies risk
Technology related company risk
43
FEEDER FUND
Investor Profile
Investors who:
want to participate in companies that invest in emerging
markets
are concerned with maximising long-term returns than
minimising possible short-term losses
Performance
Benchmark
MSCI EM Net TR USD

Launch Date
11 January 2008
Financial Year End
31 December

Name of the Target
Fund
Management
Company
Schroder Investment Management (Luxembourg) S.A.
Investment
Manager
Schroder Investment Management Limited in UK
Domiciled Country
Grand Duchy of Luxembourg
Regulatory
Authority
Commission de Surveillance du Secteur Financier
Launch Date
17 January 2000
Share Class
Currency of Share
Class
Euro
44
FEEDER FUND
Fund Category/
Fund Type
Fund Objective
The Fund seeks to maximise long-term capital appreciation by

investing in another collective investment scheme primarily
the M&G Global Basics Fund, which invests wholly or mainly
in companies operating in basic industries [primary industries
(extracting raw materials) and secondary industries (products
and services)] and also in companies that service these industries.
investment scheme other than the M&G Global Basics
Fund for any reason whatsoever, Unit Holders approval is
required.
Investment
Strategy
The Fund seeks to achieve its objective by investing in the M&G

Global Basics Fund which is a Sub-fund of the M&G Investment
Funds (1), managed by M&G Investment Management Limited.
Asset Allocation
At least 95% of the Funds NAV in the M&G Global Basics

Fund.
Principal Risks

Currency risk
Principal Risks of
the Target Fund
Security risk
Errors in calculation of the net asset value of the Target Funds
risk
Liquidity risk
Currency risk
Restrictions on foreign investment
Investor Profile
Investors who:
want to participate in companies operating in basic
industries (both primary and secondary industries) as well
as companies servicing these industries
45

Performance
Benchmark
FEEDER FUND
FTSE Global Basics Composite Index

Source: www.mandg.co.uk
Launch Date
17 January 2007
Financial Year End
31 December

Name of the Target
Fund
M&G Global Basics Fund
Management
Company
M&G Securities Limited
Investment
Manager
M&G Investment Management Limited
Domiciled Country
United Kingdom
Regulatory
Authority
Financial Conduct Authority
Launch Date
17 November 2000
Share Class
Currency of Share
Class
Euro
Prospectus
A copy of the full prospectus is available from Eastspring

Investments Berhad on request.
46
FEEDER FUND
Fund Category/
Fund Type
Fund Objective
The Fund seeks to maximise long-term total returns (the

combination of income* and growth of capital) by investing in
the M&G Global Leaders Fund, which in turn invests in a wide
range of global equities that are considered to be leading in their
field. (If the Manager considers that the M&G Global Leaders
Fund is no longer viable, the Manager reserves the right to invest
in some other collective investment scheme which the Manager
considers is similar to or has the same objective as the M&G
Global Leaders Fund.)
Note: The Investment Manager of the M&G Global Leaders Fund
has in April 2012 changed the investment objective of the M&G
Global Leaders Fund to also allow for investment in global equities
of companies which the Investment Manager considers has the
potential to be leading in their field. The Investment Manager of
M&G Global Leaders Fund made this change in order to explain
better the way in which the M&G Global Leaders Fund is managed
and to make clearer the key criteria by which the Manager selects
leading companies for inclusion in the M&G Global Leaders Fund.
The Investment Manager has indicated that there is no change
to the way in which the M&G Global Leaders Fund is managed.
For this reason, the Manager considers that there has been no
material change to the investment objective and strategy of the
M&G Global Leaders Fund.
investment scheme other than the M&G Global Leaders
Fund for any reason whatsoever, Unit Holders approval is
required.
Investment
Strategy
The Fund seeks to achieve its objective by investing in the M&G

Global Leaders Fund which is a Sub-fund of the M&G Investment
Funds (1), managed by M&G Investment Management Limited.
47
FEEDER FUND
Asset Allocation
At least 95% of the Funds NAV in the M&G Global Leaders

Fund.
At least 1% of the Funds NAV in Deposits or other liquid
assets.
Principal Risks

Currency risk
Principal Risks of
the Target Fund
Security risk
Errors in calculation of the net asset value of the
Target Funds risk
Liquidity risk
Currency risk
Charges to capital risk
Investor Profile
Investors who:
want to participate in global equity markets that has the
potential to be leading in their field
Performance
Benchmark
MSCI World Index

Launch Date
23 March 2006
Financial Year End
30 June
48
FEEDER FUND

Name of the Target
Fund
M&G Global Leaders Fund
Management
Company
M&G Securities Limited
Investment
Manager
M&G Investment Management Limited
Domiciled Country
United Kingdom
Regulatory
Authority
Financial Conduct Authority
Launch Date
12 January 2001
Share Class
Currency of Share
Class
Euro
Prospectus
A copy of the full prospectus is available from Eastspring

Investments Berhad on request.
49

The table below sets out:
the charges you will incur directly when purchasing or selling Units of the Fund; and
the maximum sales charge and repurchase charge which each of the Managers Authorised
Distributors can impose on you.
Sales charge^#
Repurchase charge
(% of the NAV per Unit)
Fund name
Switching fee
MONEY MARKET FUND

Eastspring Cash
Management
Nil
Nil
Refer note 3
Nil
Nil
Up to 0.50% or
RM1,000;
whichever is lower
Eastspring Islamic
Income
BOND FUND
Eastspring Bond
Up to 2.00%
Refer note 2
Eastspring
Institutional Income
Nil
Eastspring Enhanced
Income
Up to 3.00%
Eastspring Dana
Wafi
Nil
Eastspring Dana
al-Islah
Up to 3.00%
Not applicable
Up to 0.50% or
RM1,000;
whichever is lower
Refer note 2
BALANCED FUND
Eastspring Balanced
Up to 5.26%
Eastspring Asia
Select Income
Up to 5.00%
Eastspring ASEAN
al-Adiil
Up to 5.50%
Nil
Up to 0.50% or
RM1,000;
whichever is lower
Refer note 2
Up to 0.50%
Refer note 1
__________________________
^ The sales charge is negotiatable due to the different levels of services provided by each Authorised Distributor
and/or the size of the investment undertaken.
# Unit Holders who invests through the EPF Members Investment Scheme will be levied a sales charge of up to
3.00% of the NAV per Unit or such other rate that may be determined by the EPF from time to time.
50
Fund name
Sales charge^#
Repurchase charge
Up to 5.00%
Nil
Switching fee
MIXED ASSET FUND

Eastspring Dynamic
Eastspring Dana
Dinamik
Up to 0.50% or
RM1,000;
whichever is lower
Refer note 2
EQUITY FUND
Up to 5.26%
Nil
Eastspring Growth
Eastspring Equity
Income
Up to 5.00%
Up to 0.50% or
RM1,000;
whichever is lower
Refer note 2
Eastspring MY Focus
Eastspring Asia
Pacific Equity MY
Eastspring Dana
al-Ilham
Up to 5.26%
Eastspring Asia
Pacific Shariah
Equity
Up to 6.00%
Eastspring Dinasti
Equity
Up to 5.50%
Up to 0.50%
Refer note 1
FEEDER FUND
Equity MY
Up to 5.50%
Eastspring Global
Emerging Markets
Up to 6.00%
Up to 0.50%
Refer note 1
Nil
Up to 0.50% or
RM1,000;
whichever is lower
Refer note 2
Eastspring Global
Basics MY
Eastspring Global
Leaders MY
Up to 5.00%
__________________________
51
Note 1: Up to 0.50% of the NAV per Unit is imposed on the redemption request made within
three (3) months from the date of investment.
The repurchase charge will be retained by the Manager.
Note 2: Up to 0.50% of the NAV per Unit is imposed on the total switched amount or RM1,000;
whichever is lower, on switches made within three (3) months from the date of investment or
date of switching into the Fund. In addition, an investor is required to pay a sales charge where
applicable when switching into another fund. Investor will be charged the difference between the
sales charges of these two (2) transacted funds. However, no sales charge will be imposed if the
fund to be switched into has a lower sales charge.
Please refer to pages 273-274 for details.
The switching fee will be retained by the Manager.
Note 3: Investor is required to pay a sales charge, where applicable when switching into
another fund. Investor will be charged the difference between the sales charges of these two (2)
transacted funds.
Switching from a Shariah-compliant fund to a conventional fund is not encouraged especially for
Muslim Unit Holders.
There is no transfer fee.
Other charges of the Fund; for instance bank charges, telegraphic or online transfer charges and
courier charges shall be borne by the Unit Holder in order to execute transactions on behalf of the
Unit Holder.
52
The table sets out the fees and expenses which you will incur indirectly when you invest in the
Fund:
Fund name
Annual management fee
Annual trustee fee
(% of the NAV per annum)
MONEY MARKET FUND

Up to 0.05% subject to a minimum
of RM18,000 per annum
Eastspring Cash
Management
Up to 0.50%
Eastspring Islamic
Income

BOND FUND
Eastspring Bond
Up to 1.00%

Up to 1.25%

of RM18,000 per annum (excluding
foreign custodian fees and charges)
Income
Up to 0.60%

of RM18,000 per annum and
a maximum of RM350,000 per
annum
Eastspring Enhanced
Income
Up to 1.50%

Up to 1.00%
Eastspring Dana
al-Islah
Up to 1.50%

BALANCED FUND
Eastspring Balanced
Up to 1.50%


Income
Up to 1.50%

a maximum of RM350,000
per annum (excluding foreign
custodian fees and charges)
Eastspring ASEAN
al-Adiil
Up to 1.80%
Refer note 4

53
Fund name
Annual trustee fee
Up to 1.25%

Up to 1.50%

MIXED ASSET FUND

Eastspring Dynamic
Eastspring Dana
Dinamik
EQUITY FUND
Eastspring Growth
Eastspring Equity
Income

Eastspring MY Focus


Equity MY

Eastspring Dana
al-Ilham


Shariah Equity
Up to 1.80%

Equity MY
Up to 1.80%

Eastspring Global
Emerging Markets
Up to 1.80%
Eastspring Dinasti
Equity
FEEDER FUND
Refer note 4
Refer note 5
Eastspring Global
Basics MY
Eastspring Global
Leaders MY
54

Up to 1.75%
Refer note 5

of RM18,000 per annum and a
maximum of RM350,000 per
annum (excluding foreign
Note 4: There is no double charging of the annual management fee on the Target Fund, as the
Fund invests in Class D shares of the Target Fund which does not impose any annual management
fee.
Note 5: The Investment Manager of the Target Fund will rebate in full the annual management
fee into the Fund. Therefore, there will be no double charging of the annual management fee
at the Fund.
List of expenses directly related to the Fund:

commissions or fees paid to dealers or brokers (where applicable)
auditors fee
tax advisers fee
Shariah advisers fee (applicable for Shariah-compliant Fund)
valuation fee*
taxes
custodial charges (i.e. foreign sub-custodial charges only)
cost of printing the annual or interim reports
independent investment committee member fee
any government levies will be borne by the Fund
* Only fees incurred for the valuation for any investments of the Fund by independent valuers for the benefit
of the Fund.
Only expenses that are directly related and necessary for the operation and administration of the Fund
may be charged to the Fund. The allowable fees and charges are set out in the Deed.
55
TRANSACTION DETAILS
The table below sets out the minimum initial investment amount for each Fund.
Minimum initial investment
Fund name
Lump sum
(RM)
Regular
investment
(RM)
EPF Members
Investment Scheme
(RM)
MONEY MARKET FUND

50,000
50,000
Not available
100,000
100,000
BOND FUND
Eastspring Bond
1,000
1,000
100
10 million
Not available

Not available
1,000
100
1,000
BALANCED FUND
Eastspring Balanced
1,000
1,000
100
Not available

MIXED ASSET FUND
Eastspring Dynamic
1,000
100
1,000

EQUITY FUND
Eastspring Growth
1,000

Eastspring MY Focus
1,000
100
Not available

Eastspring Asia Pacific Shariah
Equity
56
1,000
Not available

Lump sum
Fund name
(RM)
Regular
investment
(RM)
EPF Members
Investment Scheme
(RM)
1,000
100
Not available
1,000
100
Not available
EQUITY FUND
FEEDER FUND
Eastspring Global Emerging
Markets
The table below sets out the minimum additional investment amount and redemption of
Units for each Fund.
Minimum additional investment
Fund name
Lump
sum
(RM)
Regular
investment
(RM)
EPF Members
Investment Scheme
(RM)
Minimum
redemption
(Units)
MONEY MARKET FUND

Eastspring Cash
Management
10,000
Eastspring Islamic
Income
50,000
50,000
Not available
10,000
100,000
BOND FUND
Eastspring Bond
1,000
100
100
1 million
Not available
1,000

Income
5 million
Not available
Eastspring Enhanced
Income
100
100
1,000
1,000
57

Fund name
Lump
sum
(RM)
Regular
investment
(RM)
EPF Members
Investment Scheme
(RM)
Minimum
redemption
(Units)
BALANCED FUND
Eastspring Balanced
Income
1,000
1,000
100
100
Not available
Eastspring ASEAN
al-Adiil
Not available
MIXED ASSET FUND

Eastspring Dynamic
Eastspring Dana
Dinamik
100
100
1,000
1,000
EQUITY FUND
Eastspring Growth
1,000
Eastspring Equity
Income
Eastspring MY Focus
Equity MY
100
100
Eastspring Dana
al-Ilham
Not available
1,000
1,000

Shariah Equity
Not available

FEEDER FUND
Equity MY
Eastspring Global
Emerging Markets
100
Eastspring Global
Basics MY
Eastspring Global
Leaders MY
58
100
Not available
1,000
Minimum redemption - If the balance of Units in a Unit Holders account is less than the
minimum redemption amount of the respective Funds after a redemption request is made, all
Units in the Fund will be redeemed automatically.
There is no limit on the frequency of redemption.
Cooling-off period - The period of six (6) Business Days from the date the Manager receives
duly completed transaction form - sell. A cooling-off right is only given to a qualified investor.
No cooling-off period for the investment under EPF Members Investment Scheme. Please refer
to pages 272-273 for details.
The Manager reserves the right to change the above stipulated amounts or quantity from time
to time.
The table below sets out the minimum switching, transfer and holding of Units for each
Fund.
Fund name
Minimum
switched out
(Units)
Minimum
transfer
(Units)
Minimum
holding
(Units)
MONEY MARKET FUND

10,000
Refer note 2
Any Units
Refer note 1
1,000
10,000
BOND FUND
Eastspring Bond
1,000
Any Units
Refer note 3
Refer note 1
Not available
Not available
1,000
1 million

1,000
Any Units
Refer note 3
Refer note 1
1,000

BALANCED FUND
Eastspring Balanced
1,000
Any Units
Refer note 3
Refer note 1
1,000

MIXED ASSET FUND
Eastspring Dynamic
1,000
Any Units
Refer note 3
Refer note 1
1,000
59
Fund name
Minimum
switched out
(Units)
Minimum
transfer
(Units)
Minimum
holding
(Units)
EQUITY FUND
Eastspring Growth
Eastspring MY Focus
1,000
Any Units
Refer note 3
Refer note 1
1,000

FEEDER FUND
1,000
Any Units
Refer note 3
Refer note 1
1,000

There is no exit and re-entry option.
Unit Holders are allowed to switch Units held in the Fund into another fund denominated in the
same currency.
Switching from a Shariah-compliant fund to a conventional fund is not encouraged for Muslim
Unit Holders.
The Manager reserves the right to change the above stipulated quantity from time to time.
Note 1: Any Units. Both the transferor and transferee should maintain the minimum Unit holding
requirement for the respective Funds after the transfer is made.
Note 2: Minimum switched in is 10,000 Units or such other quantity as the Manager may
determine from time to time.
Note 3: If the balance of Units in a Unit Holders account is less than 1,000 Units after a switching
request is made, all Units in the Fund held by the Unit Holder will be switched automatically. There
is no limit as to the frequency of switching transaction. However, the Manager may at its sole
discretion disallow switching into any fund which is managed by the Manager from time to time.
60
INCOME DISTRIBUTION
Distribution of income, if any, after deduction of taxation and expenses, will be declared as
follows:
Fund name
Income distribution policy
MONEY MARKET FUND

At least once a month, subject to the availability of

income.
At least once every quarter of the year, subject to the

availability of income.
BOND FUND
Eastspring Bond
At least once a year, subject to the availability of income.
At least twice a year, subject to the availability of income.
BALANCED FUND
Eastspring Balanced

MIXED ASSET FUND
Eastspring Dynamic
EQUITY FUND
Incidental
Eastspring Growth
Eastspring MY Focus
Incidental
61
Fund name
EQUITY FUND
Equity
Incidental

FEEDER FUND
Consistent with the Target Funds distribution policy, the

Fund does not intend to distribute any income.

Markets
Incidental
DISTRIBUTIONS ARE DECLARED ON A BEST EFFORT BASIS ONLY.
62
OTHER INFORMATION
The list of deeds entered into between the Manager and the Trustee are as follows:
Fund name
Deed
MONEY MARKET FUND

Eastspring Cash
Management
Master Deed dated 4 May 2001

Supplemental Master Deed dated 26 May 2003
Supplemental Master Deed dated 15 February 2006
Master Supplemental Deed dated 25 July 2007
Second Supplemental Master Deed dated 30 November 2009
Supplemental Master Deed dated 30 July 2010
Second Supplemental Master Deed dated 28 January 2011
Third Supplemental Master Deed dated 9 March 2011
Fourth Supplemental Master Deed dated 20 January 2012
Fifth Supplemental Master Deed dated 26 March 2014
Eastspring Islamic
Income
Deed dated 10 January 2007

BOND FUND
Eastspring Bond

Deed dated 29 June 2012

Supplemental Deed dated 26 March 2014
63
Fund name
Deed
BOND FUND
Eastspring
Deed dated 16 March 2005

Eastspring Enhanced
Income

Eastspring Dana
Wafi,
Eastspring Dana
al-Islah
Master Deed dated 25 July 2002 as amended by a Supplemental

Master Deed dated 22 June 2004 and a Second Supplemental
Master Deed dated 25 January 2005 relating to the Eastspring
Investments Dana Wafi
BALANCED FUND
Eastspring Balanced
64

Fund name
Deed
BALANCED FUND
Eastspring Asia
Select Income
Deed dated 27 October 2005

Eastspring ASEAN
al-Adiil
Deed dated 16 April 2013

Supplemental Deed dated 26 March 2014
MIXED ASSET FUND

Eastspring Dynamic
Deed dated 5 November 2003

Eastspring Dana
Dinamik
Deed dated 19 February 2004

EQUITY FUND
Eastspring Small-cap,
Eastspring Growth

65
Fund name
Deed
EQUITY FUND
Eastspring Equity
Income
Deed dated 8 October 2004

Eastspring MY Focus
Deed dated 25 November 2008 amended by a Supplemental

Deed dated 11 May 2009
Eastspring Asia
Pacific Equity MY
Deed dated 15 July 2005

Supplemental Deed dated 27 July 2007
Second Supplemental Deed dated 30 November 2009
Eastspring Dana
al-Ilham
Master Deed dated 25 July 2002 as amended by a Supplemental

Master Deed dated 22 June 2004 and a Second Supplemental
Master Deed dated 25 January 2005 relating to the Eastspring
Investments Dana Wafi
Eastspring Asia
Pacific Shariah Equity
Deed dated 17 September 2007

66
Fund name
Deed
EQUITY FUND
Eastspring Dinasti
Equity
Deed dated 28 August 2009

Supplemental Deed dated 20 January 2012
Second Supplemental Deed dated 26 March 2014
FEEDER FUND
Equity MY

Eastspring Global
Emerging Markets
Deed dated 7 December 2007

Eastspring Global
Basics MY
Deed dated 19 April 2006

Eastspring Global
Leaders MY

67
Avenue for advice

Investors may:
visit any of the Managers offices listed in the Directory of Sales Office section at the end of
this master prospectus; or
contact any of the Managers client services at 603-2332 1000 for advice in relation to the
Fund; or
contact any of the Managers Authorised Distributors for further advice.
THERE ARE FEES AND CHARGES INVOLVED AND INVESTORS ARE ADVISED TO CONSIDER THEM
BEFORE INVESTING IN THE FUND.
UNIT PRICES AND DISTRIBUTIONS PAYABLE, IF ANY, MAY GO DOWN AS WELL AS UP.
FOR INFORMATION CONCERNING CERTAIN RISK FACTORS WHICH SHOULD BE CONSIDERED BY
PROSPECTIVE INVESTORS, SEE RISK FACTORS COMMENCING ON PAGE 69.
PAST PERFORMANCE OF THE FUND IS NOT AN INDICATION OF ITS FUTURE PERFORMANCE.
68
RISK FACTORS
69
04. RISK FACTORS

GENERAL RISKS WHEN INVESTING IN UNIT TRUST FUND
Market risk
Market risk refers to potential losses that may arise from adverse changes in the market prices of
the investments of a unit trust fund. Prices of securities (be it equities or fixed income securities/
sukuk) that a unit trust fund invests in, fluctuate in response to various factors, for example,
events or news that relates to securities as well as the general market or the economic conditions.
Liquidity risk
Liquidity risk refers to two scenarios. The first scenario is where an investment cannot be sold due
to unavailability of a buyer for that investment. The second scenario is where the investment is
thinly traded. This may cause the unit trust fund to dispose the investment at an unfavaourable
price in the market and may adversely affect investors investment. This risk may be mitigated
through stringent security selection process.
Inflation risk
This refers to the likelihood that an investors investments does not keep pace with inflation, thus,
resulting in the investors decreasing purchasing power even though the investment in monetary
terms may have increased.
Risk of non-compliance
This risk arises from non-compliance with laws, rules, regulations, prescribed practices and the
management companys internal policies and procedures, for example, due to oversight. Such
non-compliance may adversely affect investors investment in the unit trust fund. To mitigate this
risk, the Manager has put in place internal controls to ensure its continuous compliance with
laws, rules, regulations, prescribed practices and the Managers internal policies and procedures.
Management company risk
The performance of a unit trust fund depends on the experience, expertise and knowledge of the
management company. Should there be lack of any of the above qualities by the management
company, it may adversely affect the performance of the unit trust fund.
SPECIFIC RISKS WHEN INVESTING IN MONEY MARKET FUND

This risk refers to the inability of the issuer of the fixed income securities or sukuk held by the
Fund to make the coupon or profit or principal payments when due. In the event the issuer
defaults in the coupon or profit or principal payments, the value of the Fund will be adversely
70
affected. The Manager will mitigate the Funds credit or default risk by performing continuous
fundamental credit research and analysis to ascertain the creditworthiness of the issuer.
Interest rate risk
Generally, the value of fixed income securities or sukuk will move inversely with interest rate
movements. Therefore, the prices of fixed income securities or sukuk may fall when interest rates
rise and vice versa. Should the Fund hold a fixed income securities or sukuk until its maturity, such
price fluctuations would reduce as the fixed income securities or sukuk approaches maturity. To
mitigate the effects of interest rate movements, the Manager will manage the duration of the
portfolio by diversifying the tenures of the Funds fixed income securities or sukuk investments
based on the Managers view on the future interest rate trend.
(Note: the interest rate mentioned above will have an impact on the management of the Fund,
regardless whether it is a Shariah-compliant Fund or otherwise. It does not in any way suggest
that the Fund will invest in conventional financial instruments. All the investments carried out for
the Fund are in accordance with the Shariah requirements).
SPECIFIC RISKS WHEN INVESTING IN BOND FUND

Security risk
Adverse price movements of a particular security or Shariah-compliant security invested by the
Fund may adversely affect the Funds NAV. The Manager strives to mitigate the impact of a
particular security or Shariah-compliant security risk through portfolio diversification.
Meanwhile investing in equity-related securities or Shariah-compliant equity-related securities
such as rights and warrants or Shariah-compliant warrants, where price movement is dependent
on the price movement of the underlying equities or Shariah-compliant equities, the risk is
generally higher than their underlying equities or Shariah-compliant equities as these equityrelated securities or Shariah-compliant equity-related securities are leveraged form of investment.
The price of equity-related securities or Shariah-compliant equity-related securities generally
fluctuates more than the underlying equities or Shariah-compliant equities and consequently may
affect the volatility of the Funds NAV. To mitigate this risk, the Manager will conduct rigorous
fundamental analysis of the underlying equities and equity-related securities or Shariah-compliant
71
Interest rate risk

rise and vice versa. Should the Fund hold a fixed income security or sukuk until its maturity, such
price fluctuations would reduce as the fixed income security or sukuk approaches maturity. To
portfolio by diversifying the tenures of the Funds fixed income security or sukuk investments
The Fund may be affected by risks specific to the countries in which it invests. Such risks may be
caused by but not limited to changes in the countrys economic fundamentals, social and political
stability, currency movements and foreign investment policies. These factors may have an impact
on the prices of the Funds investment in that country and consequently may also affect the
Funds NAV. The Manager mitigates this risk by conducting continuous research on the respective
countries economic, political and social conditions.
Currency risk
As the Fund will invest in foreign markets, the investments will be denominated in foreign
currencies. When the foreign currencies move unfavourably against Ringgit Malaysia, the
investments will face currency losses in addition to any capital gains or losses, and such loss will
affect the NAV of the Fund.
Counterparty risk
The Fund will be exposed to credit risk of the counterparties with whom the Fund trade with.
The Fund may place Deposits, invest in money market instruments, and also enter into derivative
contracts for hedging purposes. In the event that the counterparty is not able to fulfil its
obligations especially in the event of bankruptcy this may lead to a loss to the Fund. Counterparty
risk may be mitigated by conducting credit evaluation on the counterparty to ascertain the
creditworthiness of the counterparty.
Income distribution risk
It should be noted that the distribution of income is not guaranteed. The distribution of income is
made from realised gains and/or realised income. As such, the Fund may not be able to distribute
income if it does not receive such cash flows.
72
SPECIFIC RISKS WHEN INVESTING IN BALANCED FUND

Security risk
defaults in the coupon or profit or principal payments, the value of the Funds will be adversely
Interest rate risk
Currency risk
Applicable only to Eastspring Asia Select Income
This risk is associated with investments denominated in currencies different from the base
currency of the Fund. As the Fund is denominated in Ringgit Malaysia and the Target Fund is
73
denominated in US Dollar, the performance of the Fund may be affected by movements in the
exchange rate between the Ringgit Malaysia and the US Dollar. For example, should the US Dollar
weaken against the Ringgit Malaysia, the investment may face currency loss in addition to any
capital gains or losses, which will affect the NAV of the Fund.
In the normal course of investment, the Fund does not engage any currency hedging strategy in
mitigating the currency risk between the US Dollar and the Ringgit Malaysia. The Manager may,
however, depending on prevailing market circumstances at a particular point in time, choose to
use forward or option contracts for hedging and risk reduction purposes.
Applicable only to Eastspring ASEAN al-Adiil
The Fund does not intend to engage any currency hedging to mitigate the currency risk.
Counterparty risk
The Fund will be exposed to credit risk of the counterparties with whom the Fund trades with.
The Fund may place Islamic Deposits and invest in Islamic money market instruments. In the event
that the counterparty is not able to fulfil its obligations especially in the event of bankruptcy
this may lead to a loss to the Fund. Counterparty risk may be mitigated by conducting credit
evaluation on the counterparty to ascertain the creditworthiness of the counterparty.
Applicable only to Eastspring Asia Select Income
The Fund invests in Target Fund that is domiciled in Luxembourg and also invests in securities
listed outside Luxembourg. Any changes in the economic fundamentals, social and political
stability, currency movements and foreign investments policies in these foreign countries may
have an impact on the prices of the securities that the Target Fund invests in and consequently
may also affect the Funds NAV.
As the Target Fund is registered in the Grand Duchy of Luxembourg, therefore, is exposed to risks
related to Luxembourg. The Target Fund may be affected by risks associated with the possibility of
changes in the:
financial aspects such as currency controls and regulatory changes, and
security factors such as civil war, riots, etc.
All these changes may have an impact on the net asset value of the Target Fund.
74

This is the risk that Shariah-compliant equities in the Fund may be reclassified to be Shariah noncompliant upon periodic review of the equities by the SACSC, the Shariah adviser or the Shariah
boards of the relevant Islamic indices. If this occurs, the Manager will adopt the necessary steps to
dispose such equities.
Note: Please refer to Shariah Investment Guidelines for details.
SPECIFIC RISKS WHEN INVESTING IN MIXED ASSET FUND

Security risk
defaults in the coupon or profit or principal payments, the value of the Funds will be adversely
75
Interest rate risk

SPECIFIC RISKS WHEN INVESTING IN EQUITY FUND

Security risk
76
Interest rate risk
Concentration risk
The Fund will have a small selection of equity securities in its portfolio. Thus, a fall in price of a
particular equity security will have a greater impact on the Fund and vice versa, consequently
leading to higher volatility of the Funds NAV. The volatility may be minimised over the mid to
long-term by conducting rigorous fundamental analysis before investing in each security. In
addition, investor may ride through the volatility by holding the investments of this Fund over the
medium to long-term.
Currency risk
The Fund does not intend to engage in any currency hedging to mitigate currency risk.
77
Counterparty risk
The Fund will be exposed to credit risk on the counterparties with whom the Fund trades with.
The Fund may enter into derivative contracts. In the event that the counterparty is not able to
fulfil its obligations especially in the event of bankruptcy this may lead to a loss to the Fund. This
risk is mitigated by investing only in instruments issued by counterparties with minimum credit
rating of AA3/P2 or equivalent rating by recognised domestic or global rating agencies.
License risk
This risk is associated with investments in securities listed in a country which requires a license
prior to making any investments in the said country. Such license may be revoked or not be
renewed should the Manager breach the relevant regulations of the said country. If this occurs,
the Fund will have to liquidate all stocks listed on the exchanges in the said country within the
stipulated period. The liquidation may be performed at a loss, hence affecting the NAV of the
Fund. This risk may be reduced, if the Manager diligently observes and complies with the relevant
regulations of the said country.
Shariah-compliant derivative risk
Shariah-compliant derivative risk may be greater than the traditional Shariah-compliant securities.
The volatility of the NAV of the Fund may be high when the Fund invests more than 30% of its
NAV in Shariah-compliant derivatives.
Islamic structured products may contain one or more embedded Shariah-compliant derivatives,
including Islamic options. The value of such Islamic options depends on a variety of market
factors, including improvements in the underlying reference index, the variability or volatility of
such index, interest rate, foreign exchange rate and other factors. The value of the option may
not necessarily change in constant proportion to changes in the underlying reference index.
Further, options by their nature will tend to decline in value over time, assuming that all other
market factors remain unchanged. These factors affecting the value of the option will also be
reflected in the value of the investments in which it is embedded.
Prepayment and commitment risk
Islamic structured products are designed as a hold-to-maturity investment. Therefore, the early
redemption amount may be lesser than the principal amount originally invested or part thereof,
in the case of partial redemptions. Any request to restructure the Islamic structured products, if
agreed by the issuer, is effectively an early redemption by the Fund. The full amount that would
78
have been received is used to invest in a new Shariah-compliant investment on such terms that
are applicable to the new investment. Such amount may factor in all accrued profit due (if any),
losses due to market movements, break costs and other losses incurred in discharging a related
hedging or other arrangements made in the design of the Islamic structured products.
SPECIFIC RISKS WHEN INVESTING IN FEEDER FUND

Applicable to Eastspring Global Emerging Markets and Eastspring Indonesia Equity MY
The Fund invests in the Target Fund that is domiciled in Luxembourg and also invests in securities
listed outside Luxembourg. Any changes in the economic fundamentals, social and political
stability, currency movements and foreign investments policies in these foreign countries may
have an impact on the prices of the securities that the Target Fund invests in and consequently
may also affect the Funds NAV.
As the Target Fund is registered in the Grand Duchy of Luxembourg, therefore, it is exposed
to risks related to Luxembourg. The Target Fund may be affected by risks associated with the
possibility of changes in the:
Applicable to Eastspring Global Leaders MY and Eastspring Global Basics MY
The Fund invests in the Target Fund that is domiciled in the United Kingdom and also invests in
securities listed outside the United Kingdom. Any changes in the economic fundamentals, social
and political stability, uncertainty or changes in countries official currencies, currency movements
and foreign investments policies in these foreign countries may increase the volatitlity in asset
values, liquidity and default risk which may have an impact on the prices of the securities that the
Target Fund invests in and consequently may also affect the Funds NAV.
As the Target Fund is registered in the United Kingdom, therefore, it is exposed to risks related to
the United Kingdom. The Target Fund may be affected by risks associated with the possibility of
changes in the:
Currency risk
currency of the Fund. As the Fund is denominated in Ringgit Malaysia and the Target Fund is
denominated in EURO, the performance of the Fund may be affected by movements in the
79
exchange rate between Ringgit Malaysia and EURO. For example, should EURO weaken against
the Ringgit Malaysia, the investment may face currency loss in addition to any capital gains or
losses, which will affect the NAV of the Fund.
In the normal course of investment, the Fund does not engage any currency hedging strategy in
mitigating the currency risk between EURO and Ringgit Malaysia. The Manager may, however,
depending on prevailing market circumstances at a particular point in time, choose to use forward
or option contracts for hedging and risk reduction purposes.
SPECIFIC RISKS WHEN INVESTING IN THE TARGET FUND

Security risk
Adverse price movements of a particular security invested by the Target Fund may adversely affect
the Target Funds net asset value. The Investment Manager strives to mitigate the impact of a
particular security risk through portfolio diversification, which will help spread the element of risk.
While the Manager will exercise due skill and care in selecting the Target Fund, it does not
have control over the management of the fund and there is no guarantee that the investment
objectives will be met. This may result in investors suffering losses in their investments in the
Target Fund.
The Target Fund may change its objectives and become inconsistent with the objective of
the Fund. In such instances, the Manager will replace the Target Fund with another collective
investment scheme which the Manager considers to be more appropriate in meeting the objective
of the Fund. Such change would require Unit Holders approval.
Errors in Calculation of the net asset value of the Target Funds risk
There is a possibility there are errors in calculation of the net asset value of the Target Fund. In the
event such errors occur, the net asset value of the Target Fund will be affected hence, the Target
Fund will comply with the rules set forth in the relevant regulatory provisions applicable to the
Target Fund. Compensation, if any, paid by the Target Fund (subject to the laws of the jurisdiction
in which such Target Fund is domiciled), will be credited to the Fund as and when compensation
is received.
In view of the foregoing, Unit Holders must be aware that there are circumstances where neither
the Target Fund nor the Manager will be bound to compensate final beneficial owners.
However, in the event of pricing discrepancies in the calculation of the NAV of the Fund, the
Manager will reimburse the Unit Holders based on the applicable standard issued by FiMM.
80
Liquidity risk
Liquidity risk here refers to two scenarios. The first scenario is where the allocated liquidity of the
Target Fund is insufficient to meet redemption needs. The second scenario is where theTarget
Fund is thinly traded. Should the investments in the Target Fund be thinly traded this may cause
the Target Fund to dispose the investment at an unfavaourable price in the market and may
adversely affect investors investment. This risk may be mitigated through stringent security
selection process.
Currency risk
currency of the Target Fund. As the Target Fund is denominated in US Dollar or EURO, the
underlying investments may be denominated in its local currency. The performance of the Target
Fund may be affected by movements in the exchange rate between the local currency and the US
Dollar or EURO. For example, should the US Dollar or EURO weaken against the local currency,
the investments may face currency loss in addition to any capital gains or losses, which will affect
the net asset value of the Target Fund.
The Target Fund does not intend to engage any currency hedging to mitigate the currency risk.
This risk is associated with investments in securities listed or domiciled in countries other
than the country of domicile. Any changes in the economic fundamentals, social and political
stability, uncertainty or changes in countries official currencies, currency movements and foreign
investments policies in these countries may increase the volatility in asset values, liquidity and
default risk which may have an impact on the prices of the securities that the Target Fund invests
in and consequently may affect the net asset value of the Target Fund.
Investments in certain markets may be restricted or controlled. In some countries, direct
investments in securities may be prohibited and restricted due to regulatory requirements. These
limitations may increase transaction costs and adversely affect a securitys liquidity and the price in
connection with the security.
The Investment Manager will monitor and observe the developments in these countries where
assets of the Target Fund are allocated. In addition, the Investment Manager will also employ a
systematic investment process, which includes regular review, to manage and mitigate this risk.
Single country or Foreign securities risk
The Target Fund invests primarily in equities and equity-related securities of companies which are
incorporated, listed in, or have their area of primary activity, in Indonesia. Therefore, any changes
in Indonesias economic fundamentals, social and political stability, currency movements and
foreign investments policies may have an impact on the prices of the securities that the Target
Fund invests in, which in turn affect the net asset value of the Target Fund.
81
As Indonesia is an emerging market, potential investors should be aware that investments in this
country may involve a higher degree of risk than investments in developed markets. This could
adversely affect the value of investments due to the economic and political development process
the country is undergoing. Among other things, investment in Indonesia may also involve risks
such as the potential imposition of restriction on foreign investment, as well as high market
volatility which could be resulted from volatile foreign fund flows. Note also that the potential
illiquidity of Indonesian equities as the trading volume may be substantially less than those in
the worlds leading or developed stock markets, and therefore trades may have to be conducted
at unfavourable prices. Moreover, companies may be subjected to considerably less regulatory
supervision than those in the developed markets.
Exposure to a single country, in this case, Indonesia, may also increase potential volatility of the
Target Fund due to the increased geographical concentration risk as they are less diversified
geographically compared to funds investing in the regional or global markets.
The Investment Manager will constantly monitor and observe the developments in Indonesia
where assets of the Target Fund are allocated. If the Manager views that the developments are
such that it would be in the interest of the Fund to withdraw from Indonesia, the Manager will
seek Unit Holders approval to replace the Target Fund.
The Investment Manager will also employ a systematic investment process, which includes regular
reviews to manage and mitigate this risk.
Emerging market risk
Potential investors should be aware that investments in emerging markets may involve a higher
degree of risk than investments in developed markets. A portfolio consequently may experience
greater price volatility and significantly lower liquidity than a portfolio invested solely in equity
securities of issuers located in more developed markets.
Investments in securities of emerging market issuers entail significant risks in addition to those
customarily associated with investing in securities of issuers in more developed markets, such as:
i. low or non-existent trading volume, resulting in a lack of liquidity and increased volatility in
prices for such securities, as compared to securities of comparable issuers in more developed
capital markets;
ii. uncertain national policies and social, political and economic instability, increases the potential
for expropriation of assets, confiscatory taxation, high rates of inflation or unfavorable
diplomatic developments;
iii. possible fluctuations in exchange rates, differing legal systems and the existence or possible
imposition of exchange controls, custodial restrictions or other laws or restrictions applicable
to such investments;
iv. national policies which may limit a portfolios investment opportunities such as restrictions on
investment in issuers or industries deemed sensitive to national interests; and
v. the lack or relatively early development of legal structures governing private and foreign
investments and private property. Other risks relating to investments in emerging market
issuers include: the availability of less public information on issuers of securities; settlement
82
practices that differ from those in more developed markets may result in delays or may not
fully protect a portfolio against the loss or theft of assets; the possibility of nationalization
of a company or industry and expropriation or confiscatory taxation; and the imposition of
foreign taxes.
Investments in emerging markets securities may also result in generally higher expenses due to:
the costs of currency exchange; higher brokerage commissions in certain emerging markets;
and the expense of maintaining securities with foreign custodians. Issuers in emerging markets
may not be subject to accounting, auditing and financial reporting standards and requirements
comparable to those to which companies in developed markets are subjected to. In certain
emerging market countries, reporting standards vary widely. As a result, traditional investment
measurements used in developed markets, such as price or earnings ratios, may not be applicable
in certain emerging markets.
The above-mentioned risk could adversely affect the value of investments, and consequently
impacting the net asset value of the Target Fund.
Charges to capital risk
The Target Funds charges and expenses are taken from the capital, in whole or in part, resulting
in possible constraint of capital growth.
Some countries prohibit or impose substantial restrictions on investments by foreign entities.
There may also be instances where a purchase order subsequently fails because the permissible
allocation to foreign investors has been filled, depriving the Target Fund of the ability to make its
desired investment at the time.
Initial Public Offerings risk
The Target Fund may invest in initial public offerings, which frequently are smaller companies.
Such securities have no trading history and information about these companies may only be
available for limited periods. The prices of securities involved in initial public offerings may be
subject to greater price volatility than more established securities.
Smaller companies risk
The Target Fund which invests in smaller companies may fluctuate more in value than investments
in larger companies. Smaller companies may offer greater opportunities for capital appreciation
than larger companies, but may also involve certain special risks. They are more likely than larger
companies, to have limited product lines, markets or financial resources, or to depend on a small,
inexperienced management group. Securities of smaller companies may, especially during periods
where markets are falling, become less liquid and experience short-term price volatility and wide
spreads between dealing prices. They may also trade in the over-the-counter (OTC) market or on
a regional exchange, or may otherwise have limited liquidity. Consequently investments in smaller
companies may be more vulnerable to adverse developments than those in larger companies
83
and the Target Fund may have more difficulty establishing or closing out its securities positions in
smaller companies at prevailing market prices. Also, there may be less publicly available information
about smaller companies or less market interest in the securities and it may take longer for the
prices of the securities to reflect the full value of the issuers earning potential or assets.
Technology related company risk
Investments in the technology sector may present a greater risk and a higher volatility than
investments in a broader range of securities covering different economic sectors. The equity
securities of the companies in which the Target Fund may invest are likely to be affected by worldwide scientific or technological developments and their products or services may rapidly fall into
obsolescence. In addition, some of these companies offer products or services that are subject to
governmental regulation and may, therefore, be adversely affected by governmental policies. As
a result, the investments made by the Target Fund may decrease sharply in value in response to
market, research or regulatory setbacks.
THE ABOVE SHOULD NOT BE CONSIDERED TO BE AN EXHAUSTIVE LIST OF THE RISKS WHICH
INVESTORS SHOULD CONSIDER BEFORE INVESTING INTO THE FUND. INVESTORS SHOULD BE
AWARE THAT AN INVESTMENT IN THE FUND MAY BE EXPOSED TO OTHER RISKS FROM TIME TO
TIME. INVESTORS SHOULD CONSULT A PROFESSIONAL ADVISER FOR A BETTER UNDERSTANDING
OF THE RISKS.
84
INFORMATION ON THE FUND
85
05. INFORMATION ON THE FUND

EASTSPRING CASH MANAGEMENT
Fund Objective
The Fund seeks to provide a high level of liquidity with reasonable returns by investing in a
portfolio of money market and other short-term debt instruments.
ANY MATERIAL CHANGES TO THE FUND OBJECTIVE WOULD REQUIRE UNIT HOLDERS APPROVAL.
Investment Strategy
The Fund seeks to achieve its objective by investing in a portfolio of short-term money market
instruments and short-term debentures.
The Fund shall invest in money market instruments issued by financial institutions in Malaysia with
minimum credit rating of BBB/P2 by RAM, or its equivalent rating by any other domestic rating
agencies. Should the credit rating of the issuing financial institutions be downgraded by the rating
agencies to below the minimum credit rating, the Manager shall cease to place new monies with
the financial institutions concerned.
The Fund is actively managed. However, the frequency of its trading strategy will depend on
market opportunities.
Asset Allocation
Asset Class
% of the Funds NAV
Investments in permitted investments which have a remaining

maturity period of not more than 365 days
Up to 99%

maturity period of more than 365 days but fewer than 732 days
Up to 10%
Deposits or liquid assets
At least 1%
Temporary Defensive Positions

The Manager may adopt temporary defensive positions. Please refer to page 131.
Risk Management Strategies
Please refer to page 131 for detailed explanation of risk management strategies employed by the
Manager.
86
INVESTMENT IN THE FUND IS NOT THE SAME AS PLACEMENT IN A DEPOSIT WITH A FINANCIAL
INSTITUTION. THERE ARE RISKS INVOLVED AND INVESTORS SHOULD RELY ON THEIR OWN
EVALUATION TO ASSESS THE MERITS AND RISKS WHEN INVESTING IN THE FUND.
Performance Benchmark
The performance benchmark of the Fund is Maybank overnight rate.
Note: The risk profile of the Fund is different from the risk profile of the performance benchmark.
Permitted Investments
Unless otherwise prohibited by the relevant authorities or any relevant law and provided always
that there are no inconsistencies with the objective of the Fund, the Fund may invest in the
following:
1. Debentures;
2. Money market instruments;
3. Placement in Deposits; and
4. Any other form of investments as may be permitted by the relevant authorities from time to time.
EASTSPRING ISLAMIC INCOME

Fund Objective
The Fund seeks to provide liquidity and a steady income* stream by investing in money market
instruments and short-term debentures which are Shariah-compliant.
Investment Strategy
The Fund seeks to achieve its objective by investing in a portfolio of short-term Islamic money
market instruments and short-term sukuk.
The Fund shall invest in sukuk with a minimum credit rating of BBB/P2 by RAM, or its equivalent
rating by any other domestic rating agencies. Should the credit rating of the sukuk be
downgraded by the rating agencies to below the minimum credit rating, the Manager may
dispose the affected papers in the market.
__________________________
87
Asset Allocation
Asset Class
% of the Funds NAV

maturity period of not more than 365 days
Up to 99%

maturity period of more than 365 days but fewer than 732 days
Up to 10%
Islamic Deposits or Islamic liquid assets
At least 1%

Manager.
INVESTMENT IN THE FUND IS NOT THE SAME AS PLACEMENT IN A DEPOSIT WITH A FINANCIAL
INSTITUTION. THERE ARE RISKS INVOLVED AND INVESTORS SHOULD RELY ON THEIR OWN
EVALUATION TO ASSESS THE MERITS AND RISKS WHEN INVESTING IN THE FUND.
The performance benchmark of the Fund is Maybank Islamic overnight rate.
following:
1. Sukuk;
2. Islamic money market instruments;
3. Islamic Deposits placed with financial institutions; and
4. Any other form of Shariah-compliant investments as may be permitted by the relevant
authorities from time to time.
88
EASTSPRING BOND
Fund Objective
The Fund seeks to provide investors with a steady stream of income* returns by investing
principally in a portfolio of investment grade fixed income securities with exposure in noninvestment grade fixed income securities which yield above average returns.
Investment Strategy
The Fund seeks to achieve its objective by investing in a portfolio of fixed income securities.
For investment in fixed income securities, should the credit rating be downgraded by the rating
agencies to below the minimum credit rating, the Manager may dispose the affected papers in
the market.
Asset Allocation
Asset Class
% of the Funds NAV
Fixed income securities
Up to 99%
Debt instruments issued by the government, government

agencies and/ or BNM
Up to 99%
At least 1%

Manager.
__________________________
89
The performance benchmark of the Fund is Quant Shop MGS Medium Index.
following:
1. Securities of Malaysian companies listed on the Bursa Malaysia;
2. Units of unrelated property trust funds listed on the Bursa Malaysia;
3. Unlisted securities approved or exempt stock market declared by the Minister under the Act,
which are offered directly to the scheme;
4. Malaysian Government Securities, Treasury Bills, Bank Negara Malaysia Certificates and
Cagamas Notes/Bonds;
5. Placements of money at call, Malaysian currency balances in hand and Ringgit-denominated
Deposits placed with financial institutions including Negotiable Certificates of Deposit;
6. Private debt securities and bonds traded on Eligible Market and approved stock exchanges;
7. Bankers acceptances and other tradable money market instruments in the money market;
8. Futures contracts and options traded in the futures and options market of an exchange
approved under the Act for hedging purposes;
9. Units or shares in other collective investment schemes;
10. Unlisted loan stocks and corporate bonds that are either bank guaranteed or carrying at least
BBB rating by RAM or any other approved rating agency;
11. Danamodal, Danaharta and Khazanah bonds; and
12. Any other form of investments as may be permitted by the relevant authorities from time
to time.
90
EASTSPRING BOND PLUS

Fund Objective
The Fund seeks to provide a steady stream of income*.
Investment Strategy
The Fund seeks to achieve its objective by investing a minimum of 70% of the Funds NAV in fixed
income securities. Not more than 30% of the Funds NAV may be invested in foreign fixed income
securities. The fixed income securities comprise, amongst others, sovereign bonds and corporate
bonds (listed and unlisted).
The Fund may also invest in fixed income collective investment schemes as well as liquid assets.
The Fund shall invest in domestic fixed income securities which is issued by the corporations and
financial institutions with a minimum credit rating of BBB3 by RAM or its equivalent rating by any
other domestic rating agencies whilst foreign fixed income securities shall carry a minimum credit
rating of BB3 by Standard & Poors or its equivalent rating by any other global rating agencies.
Should the credit rating of the fixed income securities be downgraded by the rating agencies to
below the minimum credit rating, the Manager may dispose the affected papers in the market.
Derivatives may also be used for hedging purposes where appropriate.
The Fund will invest in foreign markets where the regulatory authority is a member of IOSCO.
The foreign markets where the Fund will invest in include but not limited to Australia, Bahrain,
Bermuda, Brunei, Cayman Island, China, Germany, Hong Kong, Indonesia, Japan, Jersey,
Luxembourg, New Zealand, Saudi Arabia, the United Kingdom, Singapore, Turkey, United Arab
Emirates and the United States of America.
Asset Allocation
Asset Class
% of the Funds NAV
Minimum 70%
Fixed income collective investment schemes as well as liquid assets
Maximum 30%
__________________________
91

Manager.
that there are no inconsistencies with the objective of the Fund, the Fund is permitted to invest in:
1. Fixed income securities traded in the respective Eligible Markets;
2. Fixed income collective investment schemes, both local and foreign;
3. Money market instruments traded in the respective Eligible Markets;
4. Government bills/securities and time Deposits;
5. Derivative instruments for hedging purposes only;
6. Deposits with financial institutions; and
7. Any other form of investments as may be permitted by the SC from time to time.
92
EASTSPRING INSTITUTIONAL INCOME

Fund Objective
The Fund seeks to provide a stable stream of income* by investing in fixed income securities.
Investment Strategy
The Fund seeks to achieve its objective by investing in a portfolio of fixed income securities.
Where applicable, the Fund shall invest in fixed income securities with a minimum credit rating of
AA/P1 by RAM, or its equivalent rating by any other domestic rating agencies. Should the credit
rating be downgraded by the rating agencies to below the minimum credit rating, the Manager
may dispose the affected papers in the market.
Asset Allocation
Asset Class
% of the Funds NAV
Investments in permitted investments with portfolio maturing

within 365 days
Up to 99%
Investments in permitted investments with portfolio maturity

exceeding 365 days
Up to 30%
At least 1%

Manager.
__________________________
93
The performance benchmark of the Fund is Maybank overnight rate.
following:
4. Placements of money at call and Ringgit-denominated Deposits placed with financial
institutions;
approved under the Act for hedging purposes; and
to time.
EASTSPRING ENHANCED INCOME

Fund Objective
The Fund seeks to provide income* stream and an opportunity for capital appreciation by
investing in a portfolio of Malaysian and foreign securities.
__________________________
94
Investment Strategy
The Fund seeks to achieve its objective by investing in a portfolio comprising Malaysian fixed
income securities and money market instruments as well as Malaysian and foreign equities and
equity-related securities, and collective investment schemes that invest in the Asia Pacific markets.
the market.
Asset Allocation
Asset Class
% of the Funds NAV
Equities and equity-related securities, and collective investment

schemes
Fixed income securities, Deposits and/or other liquid assets
Up to 30%
The remaining of the
Funds NAV
At least 0.2%

The Manager may not adopt temporary defensive positions.
Manager.
The performance benchmark of the Fund is 70% Quant Shop MGS Medium Index + 30% MSCI
AC APxJapan Index.
The composite benchmark index is a reflection of the Funds average asset allocation over the
long term as the Fund may only invests up to 70% of the Funds NAV in fixed income securities,
Deposits and/or other liquid assets while the remainder of the Funds NAV in equities and equityrelated securities, and collective investment schemes.
95
following:
1. Foreign securities traded in foreign markets within the Asia Pacific region, subject to the limit
as may be permitted for investment by the relevant authorities from time to time;
7. Private debt securities and bonds trade on Eligible Market and approved stock exchanges;
9. Future contracts and options traded in the futures and options market of an exchange
10. Units and shares in other collective investment schemes;
to time.
EASTSPRING DANA WAFI

Fund Objective
The Fund seeks to generate stable income* by investing in Shariah-compliant fixed income
securities.
__________________________
96
Investment Strategy
The Fund seeks to achieve its objective by investing in a portfolio of sukuk.
For investment in sukuk, should the credit rating be downgraded by the rating agencies, the
Manager may dispose the affected papers in the market.
Asset Allocation
Asset Class
% of the Funds NAV
Sukuk and Islamic money market instruments issued by the

government, government agencies and/or BNM
Up to 99%
At least 1%

Manager.
following:
1. Shariah-compliant securities traded on Eligible Market and approved stock exchanges;
2. Unlisted Shariah-compliant securities approved or exempt stock market declared by the
Minister under the Act, which are offered directly to the scheme;
3. Government Investment Issues (GII), Islamic Accepted Bills, Bank Negara Monetary Notes-i
(BNMN-I), Cagamas sukuk and any other government Islamic papers;
97
4. Islamic futures contracts and options traded in the futures and options market of an
exchange approved under the Act for hedging purpose, as approved by the SACSC and/or
Shariah adviser;
5. Sukuk;
6. Other tradable Islamic money market instruments in the Islamic money market;
7. Placements of money at call and Islamic Deposits (Malaysian Currency) placed with financial
institutions;
8. Units or shares in other Shariah-compliant collective investment schemes; and
EASTSPRING DANA AL-ISLAH

Fund Objective
The Fund seeks to provide investors with a stable income* stream and an opportunity for capital
appreciation from Shariah-compliant fixed income and equity securities.
Investment Strategy
The Fund seeks to achieve its objective by investing in a portfolio comprising primarily sukuk and
partially Shariah-compliant equities and equity-related securities.
Asset Allocation
Asset Class
% of the Funds NAV
Sukuk and Islamic liquid assets
Up to 99%
Shariah-compliant equities and equity-related securities
Up to 30%
__________________________
98

Manager.
The performance benchmark of the Fund is 78% Quant Shop MGS Short Index + 22% FBMS.
long-term of 78% of the Funds NAV in sukuk and Islamic liquid assets, and 22% of the Funds
NAV in Shariah-compliant equities and equity-related securities.
Source: www.quantshop.com and www.bursamalaysia.com
following:
Shariah adviser;
5. Sukuk;
6. Other tradable Islamic money market instruments in the money market;
institutions;
8. Units or shares in other Shariah-compliant collective investment schemes; and
99
EASTSPRING BALANCED
Fund Objective
The Fund seeks to provide investors with capital appreciation and a reasonable level of current
income* by investing in a mixed portfolio of companies with good dividend yield and low price
volatility and a portfolio of investment grade fixed income securities.
Investment Strategy
The Fund seeks to achieve its objective by investing in a balanced portfolio comprising equities
and equity-related securities and fixed income securities.
the market.
Asset Allocation
Asset Class
% of the Funds NAV
Equities and equity-related securities
Up to 70%
Up to 70%
At least 1%

Manager.
__________________________
100
The performance benchmark of the Fund is 50% FBM100 + 50% Maybank 12-month fixed
deposit rate.
long-term of 50% of the Funds NAV in equities and equity-related securities, and 50% of the
Funds NAV in fixed income securities and Deposits or other liquid assets.
following:
to time.
101
EASTSPRING ASIA SELECT INCOME

Fund Objective
The Fund seeks to provide a stable income* stream and an opportunity for capital appreciation
by investing primarily in a portfolio of Malaysian investment grade fixed income securities and a
collective investment scheme, primarily the Eastspring Investments - Dragon Peacock Fund, which
invests in equities and equity-related securities of corporations which are incorporated in, or
listed in, or operating principally from, or carrying on significant business in, or derive substantial
revenue from, or whose subsidiaries, related or associated corporations derive substantial revenue
from the Peoples Republic of China (PRC) and India.
Investment Strategy
The Fund seeks to achieve its objective by investing in securities consisting of:
Malaysian investment grade fixed income securities; and
A collective investment scheme namely the Eastspring Investments Dragon Peacock Fund,
incorporated in Luxembourg.
The Fund will invest in foreign markets where the regulatory authority is a member of IOSCO. The
foreign markets which the Fund will invest in includes but not limited to China, Hong Kong and
India.
For fixed income securities, should the credit rating be downgraded by the rating agencies, the
Asset Allocation
Asset Class
Eastspring Investments Dragon Peacock Fund
% of the Funds NAV

Up to 40%
The remaining of the Funds NAV
At least 1%
__________________________
102

Manager.
The performance benchmark of the Fund is 20% MSCI China Index + 20% MSCI India Index +
60% Quant Shop MGS Medium Index.
long-term of 40% of the Funds NAV in collective investment schemes and the remaining of the
Funds NAV in fixed income securities and Deposits or other liquid assets.
following:
1. Malaysian Government Securities, Malaysian Treasury Bills, Bank Negara Malaysia Bills,
Cagamas Notes/Bonds, Government Instrument Issues, Commercial Papers and MediumTerm Notes;
2. Private debt securities and bonds traded on Eligible Market and approved stock exchanges,
both local and foreign;
3. Bankers acceptances, Negotiable Certificates of Deposits and other tradable money market
instruments in the money market, both local and foreign;
4. Placements of money at call and Deposits (Malaysian and Foreign Currency) placed with
financial institutions;
5. Futures contracts and options, both local and foreign;
6. Convertible loan stocks and exchangeable bonds traded on Eligible Market, both local and
foreign;
7. Units or shares in other collective investment schemes, both local and foreign;
8. Foreign exchange spot, forward and other financial derivatives; and
to time.
103
EASTSPRING ASEAN AL-ADIIL

Fund Objective
The Fund seeks to provide capital appreciation and income* by investing in Shariah-compliant
securities in the ASEAN markets.
Note: The Funds focus is on growth and income.
Investment Strategy
The Fund seeks to achieve its objective by investing in Shariah-compliant equities and equityrelated securities, such as rights and Shariah-compliant warrants, which are listed on the ASEAN
exchanges.
The Fund also invests in domestic and/or foreign sukuk issued by corporations, financial
institutions and governments of ASEAN member countries which are traded in the ASEAN
markets or listed on the ASEAN exchanges. Corporations and financial institutions which issue
sukuk shall have their business incorporated in ASEAN member countries. Domestic sukuk which
is issued by the corporations and financial institutions shall carry a rating of at least BBB3 by RAM
or its equivalent rating by any other domestic rating agencies whilst foreign sukuk shall carry
a rating of at least BB3 by Standard & Poors or its equivalent rating by any other global rating
agencies. However, sukuk issued by governments need not be rated. Should the credit rating
of the sukuk be downgraded by the rating agencies to below the minimum credit rating, the
Manager may dispose the affected papers in the market. The Funds investments may also include
The Fund will invest in ASEAN markets where the regulatory authority is a member of IOSCO.
The ASEAN markets where the Fund will invest in include but not limited to Indonesia, Malaysia,
Singapore, Philippines and Thailand.
The Fund will strategically asset allocate between Shariah-compliant equity and sukuk based on
the relative attractiveness of the two asset classes to achieve its dual objective of growth and
income. This is done after considering the current phase of the economic cycle, inflation and
interest rate trend in the medium-term investment horizon.
The Manager seeks to invest in companies which have a sustainable business model with good
management and corporate governance, and trading at prices below the Managers estimate
of fair value. When selecting individual equity, the Manager will consider the following factors,
which are not an exhaustive list:
__________________________
104
medium to long-term outlook for the sector;

competitive strength of the company within the sector;
management track record and treatment of minority shareholders;
earnings and cash flow visibility and volatility; and
share price valuation.
The Fund will also invest in Shariah-compliant equity-related securities investments. Shariahcompliant equity-related securities investments such as rights and Shariah-compliant warrants
are selected after conducting rigorous fundamental analysis of the underlying Shariah-compliant
For sukuk investments, the Manager constantly seek to identify value opportunities created by
cyclical extremities in interest rate and credit markets, or shifts in investor risk perception which
result in the mispricing of assets relative to fundamentals. When selecting individual sukuk, the
Manager will consider the following factors, which are not an exhaustive list:
issuers industry and business medium-term outlook;
issuers financial strength and gearing level;
issuers expected future cash flow and ability to repay profits and principal; and
price and yield-to-maturity.
Asset Allocation
Asset Class
% of the Funds NAV
40% 60%
40% - 60%

Manager.
The performance benchmark of the Fund is 50% DJIM ASEAN Index + 50% Maybank 12-month
GIA.
105
long-term of 50% of the Funds NAV in Shariah-compliant equities and equity-related securities,
and 50% of the Funds NAV in sukuk and Islamic liquid assets.
Source: www.djindexes.com and www.maybank2u.com.my
that there are no inconsistencies with the objective of the Fund, the Fund is permitted to invest in:
1. Shariah-compliant equities and equity-related securities listed in local and foreign markets;
2. Sukuk in local or foreign markets;
3. Islamic liquid assets in local and foreign markets;
4. Government bills/securities in local and foreign markets;
5. Shariah-compliant collective investment schemes in local and foreign markets;
6. Any other form of Shariah-compliant investments permitted by the relevant authorities from
time to time.
Note: Foreign markets are Eligible Markets.
EASTSPRING DYNAMIC
Fund Objective
The Fund seeks to provide investors with capital appreciation by actively investing in equity and
equity-related securities. For defensive consideration, the Fund may invest in debentures and
money market instruments.
Investment Strategy
The Fund seeks to achieve its objective by adopting a flexible asset allocation strategy between
the different asset classes of equities and equity-related securities, debentures and liquid assets,
depending on the investment market outlook.
The Fund shall lock in profit or gains when the market value of the invested equities has increased
by 30%. This mechanism is subject to review as the Manager deems fit from time to time.
106
Circumstances contributing to the review include changes in the stock market developments and
conditions.
The Fund shall invest in debt instruments or permitted investments e.g. bonds, which have
remaining maturity period of not more than 365 days, which is subject to the review as the
Manager deems fit from time to time. This allows the flexibility for the Fund to switch to equities
when conditions are conducive, for example during a bullish stock market period.
At any point in time, the Fund may hold 100% in liquid assets.
For investment in debentures, should the credit rating be downgraded by the rating agencies to
below the minimum credit rating, the Manager may dispose the affected papers in the market.
Asset Allocation
Asset Class
% of the Funds NAV
Up to 100%
Debentures and liquid assets
Up to 100%

Manager.
a) If 100% of the Funds NAV invested in equities and equity-related securities:
FBM100
b) If 100% of the Funds NAV invested in debentures and liquid assets:
Maybank 12-month fixed deposit rate
c)
If invested in a mix of equities and equity-related securities, debentures and liquid assets:
50% FBM100 + 50% Maybank 12-month fixed deposit rate.
long-term of 50% of the Funds NAV in equities and equity-related securities, and 50% of the
Funds NAV in debentures and liquid assets.
107
following:
9. Units and shares in other collective investment schemes;
to time.
EASTSPRING DANA DINAMIK

Fund Objective
The Fund seeks to provide investors with capital appreciation by actively investing in Shariah
approved equities and equity-related securities. For defensive considerations, the Fund may invest
in Shariah approved debentures and money market instruments.
Investment Strategy
The Fund seeks to achieve its objective by adopting a flexible asset allocation strategy between
the different asset classes of Shariah-compliant equities and equity-related securities, sukuk and
Islamic liquid assets depending on the investment market outlook.
108
The Fund shall lock in profit or gains when the market value of the invested Shariah-compliant
equities has increased by 30%. This mechanism is subject to review as the Manager deem fit
from time to time. Circumstances contributing to the review include changes in the stock market
developments and conditions.
The Fund shall invest in sukuk, which have remaining maturity period of not more than 365
days, which is subject to the review as the Manager deem fit from time to time. This allows the
flexibility for the Fund to switch to Shariah-compliant equities when conditions are conducive, for
example during a bullish stock market period.
At any point in time, the Fund may hold 100% in Islamic liquid assets.
Asset Allocation
Asset Class
% of the Funds NAV
Up to 100%
Up to 100%

Manager.
a) If 100% of the Funds NAV invested in Shariah-compliant equities and equity-related
securities:
FBMS
b) If 100% of the Funds NAV invested in sukuk and Islamic liquid assets:
Maybank 12-month GIA Tier II rate
c)
If the Fund is investing in a mixture of Shariah-compliant equities and equity-related securities,

sukuk and Islamic liquid assets:
50% FBMS+ 50% Maybank 12-month GIA Tier II rate
long-term of 50% of the Funds NAV in Shariah-compliant equities and equity-related securities,
and 50% of the Funds NAV in sukuk and Islamic liquid assets.
109
following:
institutions including Islamic Negotiable Instruments (INIs);
Shariah adviser;
6. Sukuk; and
EASTSPRING SMALL-CAP
Fund Objective
The Fund seeks to provide investors with maximum capital appreciation by investing principally in
small market capitalisation companies which will appreciate in value.
Note: The Fund will invest in small market capitalisation companies at the point of
acquisition.
Investment Strategy
The Fund seeks to achieve its objective by investing in equities and equity-related securities of
companies with market capitalization of up to RM3 billion at the point of acquisition.
As market capitalisation is dynamic, the Manager would need to periodically review and reestablish the market capitalisation rule. The Unit Holders have passed a resolution on 30th
110
September 2009 stating that the term small-capitalisation companies as used in the context
of the investment strategy of the Fund be redefined to mean companies with a marketcapitalisation of not more than RM2 billion at the point of acquisition. Furthermore, as the
Manager of the Fund, the Unit Holders permit the Manager to further revise the aforesaid
definition of small-capitalisation companies as used in the context of the investment strategy
of the Fund from time to time in order to achieve the objective of the Fund without having to
further consult the Unit Holders of the Fund.
Asset Allocation
Asset Class
% of the Funds NAV
Securities of small capitalization companies
Up to 99%
At least 1%

Manager.
The performance benchmark of the Fund is FBMSC.
following:
111
to time.
EASTSPRING GROWTH
Fund Objective
The Fund seeks to provide investors with long-term capital appreciation by investing principally in
larger companies which will appreciate in value.
Investment Strategy
undervalued companies which have good growth potential.
Asset Allocation
Asset Class
% of the Funds NAV
A diversified portfolio of equities and equity-related securities of

undervalued companies which have good growth potential
Up to 99%
At least 1%

The Manager may adopt temporary defensive postions. Please refer to page 131.
112

Manager.
The performance benchmark of the Fund is FBM100.
following:
approved under the Capital Markets and Services Act 2007 for hedging purposes;
to time.
113
EASTSPRING EQUITY INCOME

Fund Objective
The Fund seeks to provide a stable income* stream with medium to long-term capital growth.
Investment Strategy
companies that have consistent track record of dividend distributions and prospects for capital
growth or increase in future dividend distributions.
the market.
Asset Allocation
Asset Class
% of the Funds NAV
Up to 99%
Up to 15%
At least 1%

Manager.
__________________________
114
The performance benchmark of the Fund is FBM100.
following:
to time.
EASTSPRING MY FOCUS
Fund Objective
The Fund seeks to provide investors with capital appreciation in the medium to long-term with an
opportunity for income* if any.
__________________________
115
Investment Strategy
The Fund seeks to achieve its objective by following the investment approach below.
Value-oriented, bottom-up stock selection
The Manager of the Fund will employ a value-oriented investment style in security selection and
investments. This strategy emphasizes on bottom-up stock selection and invests in companies on
the basis of strong qualitative and quantitative factors.
Focused investment approach
The Fund targets to invest up to but not limited to 30 Malaysian stocks that are expected to
provide medium to long-term capital appreciation and income* potential. Notwithstanding
its focused approach, the number of securities in the Fund may vary according to market and
liquidity conditions, securities valuations, economic and corporate fundamentals and availability
of instruments.
Further, the Fund may minimise potential equity downside risk by allocating up to 30% of the
Funds NAV into Malaysian fixed income securities and money market instruments and Deposits.
The Manager may also employ derivatives and derivative-related instruments and products to
capitalise on the markets upside potential and/or hedge against stock price declines.
Unconstrained by Market Barometers
Pursuant to the Funds objective and strategy, the Manager is not constrained by market
benchmarks. In other words, the Manager is benchmark-aware but is not compelled to invest in
a stock that is a major constituent of a market barometer like the FTSE Bursa Malaysia KLCI, if the
stock does not fulfill the Managers selection criteria.
This contrasts with relative-return fund managers whose aims are to outperform certain market
indicators such as stock market indices. The objective of a relative-return fund manager is to
outperform the index, regardless of the general markets direction.
For fixed income securities, should the credit rating be downgraded by the rating agencies, the
__________________________
116
Asset Allocation
Asset Class
% of the Funds NAV
Minimum 70%
Fixed income securities, money market instruments and Deposits
Maximum 30%
Derivatives
Maximum 10%
Minimum 0.2%

Manager.
The performance benchmark of the Fund is FBMKLCI.
following:
1. Securities of companies listed on a recognised stock exchange;
2. Fixed income securities issued by the Malaysian Government or Bank Negara Malaysia or any
other government related bodies. Such instruments include Malaysian Government Securities,
Treasury Bills and Bank Negara Bills;
3. Issues guaranteed by the Government of Malaysia or Bank Negara Malaysia or any State
Government in Malaysia;
4. Issues by banks or financial institutions such as Bankers Acceptances and Negotiable
Certificates of Deposit;
5. Unlisted fixed income securities which are either bank-guaranteed or rated by RAM Rating
Services Bhd, Malaysia Rating Corporation Bhd or other recognised rating agencies;
6. Collective investment schemes;
7. Futures contracts traded in futures market, for hedging purposes only; and
8. Any other investments as may be agreed by the Manager and the Trustee from time to time.
117
EASTSPRING ASIA PACIFIC EQUITY MY

Fund Objective
The Fund seeks to provide a medium to long-term capital growth.
Investment Strategy
companies based in the local and Asia Pacific ex-Japan region with good capital growth potential.
The Fund will invest in foreign markets where the regulatory authority is a member of IOSCO.
The foreign markets where the Fund will invest in include but not limited to Australia, China,
Hong Kong, India, Indonesia, Korea, New Zealand, Pakistan, Philippines, Singapore, Taiwan
and Thailand. The Fund may also invest in other Asia Pacific ex-Japan markets not mentioned
above where the regulatory authority is a member of the IOSCO, the Manager will invest in such
markets upon providing the required notification to the SC.
Asset Allocation
Asset Class
% of the Funds NAV
At least 80%
At least 1%

Manager.
The performance benchmark of the Fund is MSCI AC APxJ Index.
118
following:
6. Placements of money at call and Deposits (Malaysian and Foreign Currency) placed with
financial institutions;
9. Securities in foreign markets, which markets are permitted by the SC subject to the limit as
may be prescribed by the relevant authorities from time to time; and
to time.
EASTSPRING DANA AL-ILHAM

Fund Objective
The Fund seeks to provide investors with high capital appreciation* from Shariah-compliant
investments which have the potential of substantial value appreciation.
Investment Strategy
The Fund seeks to achieve its objective by investing in a portfolio of undervalued Shariahcompliant equities and equity-related securities with good growth potential.
__________________________
* High returns are generally associated with high investment risks.
119
Asset Allocation
Asset Class
% of the Funds NAV

Up to 99%
At least 0.2%

Manager.
The performance benchmark of the Fund is FBMS.
following:
institutions including Islamic Negotiable Instruments (INIs);
Shariah adviser;
6. Sukuk; and
120
EASTSPRING ASIA PACIFIC SHARIAH EQUITY

Fund Objective
The Fund seeks medium to long-term capital appreciation by investing primarily in Shariahcompliant undervalued companies with potential for re-rating in the Asia Pacific ex-Japan region.
Investment Strategy
The Fund seeks to achieve its objective by investing primarily in Shariah-compliant equities and
equity-related securities of undervalued companies with the potential for re-rating in the Asia
Pacific ex-Japan region. The Fund will invest in foreign markets where the regulatory authority is a
member of IOSCO. The Fund may invest in Shariah-compliant securities quoted on the recognised
Asia Pacific ex-Japan exchanges, include but not limited to Hong Kong, South Korea, India,
Malaysia, Thailand, Singapore, Australia, China (Shanghai and Shenzhen), Indonesia, Taiwan,
New Zealand and Philippines. The Fund will adopt a bottom up investment approach with no
benchmark constraint.
A company may be re-rated, for example, when it secures a large or substantial contract or a
likelihood of an expansion of price-earnings ratio. The Manager gathers such information on
corporate developments from various sources such as stock-broking houses and companies visit.
The Fund may also invest in the American Depository Receipts (ADRs) and Global Depository
Receipts (GDRs), China A shares and exchange traded derivatives (index and stock), subject to
the approval of the Shariah adviser.
For sukuk investment, should the credit rating be downgraded by the rating agencies, the
The Manager has obtained the necessary licenses prior to investing in Shariah-compliant securities
quoted on the recognised Asia Pacific ex-Japan exchanges, amongst others, Taiwan, India and
China (including China A shares).
Asset Allocation
Asset Class
% of the Funds NAV

Sukuk
At least 75%
Up to 25%
At least 0.2%
121

Manager.
The performance benchmark of the Fund is DJIM APxJ Index.
following:
3. Placements of money at call and Islamic Deposits (Malaysian and Foreign Currency) placed
with financial institutions;
exchange approved under the Act for hedging purposes, as approved by the SACSC and/or
Shariah adviser;
5. Units or shares in other Shariah-compliant collective investment schemes;
6. Shariah-compliant securities in permitted foreign markets by the relevant authorities, subject
to the limit as may be prescribed by the relevant authorities from time to time;
7. Shariah-compliant Malaysian Government Securities, Treasury Bills, Bank Negara Malaysia
Certificates and Cagamas sukuk;
8. Sukuk;
9. Shariah-compliant bankers acceptances and other tradable Islamic money market
instruments in the money market; and
122
EASTSPRING DINASTI EQUITY

Fund Objective
The Fund aims to provide investors with long-term capital appreciation by investing in Shariahcompliant investments with exposure to the Greater China region.
Investment Strategy
The Fund seeks to achieve its objective by investing primarily in Shariah-compliant equities and
equity-related securities of companies based in the Greater China region which potentially offer
attractive long-term value. These include Shariah-compliant securities of Greater China-based
companies listed or to be listed on recognised exchanges of Peoples Republic of China, Hong
Kong and Taiwan, as well as other recognised exchanges such as in Malaysia, Singapore and the
United States of America where the regulatory authority is a member of the IOSCO. The Fund
may also invest in other foreign markets not mentioned above where the regulatory authority is
a member of the IOSCO, the Manager will invest in such markets upon providing the required
notification to the SC. The Fund will adopt a bottom up Shariah-compliant investment approach
with no benchmark constraint.
The Fund may minimise potential equity downside risk by investing the remainder of the Funds
NAV not invested in Shariah-compliant equities and equity-related securities into Islamic financial
instruments which include but not limited to sukuk and Islamic liquid assets.
Where applicable, the Fund shall invest in sukuk with a minimum credit rating of AA3/P2 by RAM,
or its equivalent rating by any other domestic or global rating agencies. Should the credit rating
of the sukuk be downgraded by the rating agencies to below the minimum credit rating, the
The Manager may also employ Shariah-compliant derivatives and derivative-related instruments
(over-the-counter) such as Islamic products based on Arboon contracts, murabahah and
mudharabah contracts as well as Islamic structured products for efficient portfolio management
and to capitalise on the markets upside potential and/or hedge against stock price declines and
to allow the Fund to gain exposure to Shariah-compliant securities based in the Greater China
region in an efficient and cost effective manner. Net short positions and leverage are not allowed.
In relation to Islamic structured products, any credit ratings given to the issuer of the Islamic
structured product and the relevant financial institutions may be subject to suspension,
downgrade or withdrawal at any time. In the event any of the rating of the issuer of the Islamic
structured product falls below the levels required, the Manager shall take necessary actions within
3 months or more as the Manager deem necessary. If required the Manager will consult the
Trustee and Shariah adviser. Such actions may include requesting the issuer to unwind, buy-back
123
or close the transaction at a fair value determined on methods or bases which have been verified
by the auditor of the Fund and approved by the Trustee. In taking such an action, capital losses
and/or expenses may be incurred by the Fund.
As for Shariah-compliant derivatives instruments, the Manager leverage on the synergy of
Eastspring Investments affiliates in the Asia region to employ risk management process to ensure
accurate and independent assessment of the value of the over-the-counter Shariah-compliant
derivatives and to ensure that the Funds risk exposure relating to Shariah-compliant derivative
instruments does not exceed the limits specified herein. The current value of the underlying
assets, counterparty risks, market movements and time necessary to liquidate the positions will be
taken into consideration.
The Manager has obtained the necessary licenses prior to investing in Shariah-compliant securities
quoted on the recognised Greater China exchanges, amongst others, Peoples Republic of China
and Taiwan.
Asset Allocation
Asset Class
% of the Funds NAV
Shariah-compliant equities and equityrelated securities
At least 70%
The remaining of the Funds NAV not

invested in the Shariah-compliant equities
and equity-related securities

Manager.
The performance benchmark of the Fund is DJIM Great China Index.
124
following:
3. Shariah-compliant securities in approved foreign markets subject to the limit as may be
prescribed by the relevant authorities from time to time;
4. Sukuk;
5. Listed and unlisted units of shares in Shariah-compliant collective investment schemes;
6. Over-the-counter Shariah-compliant derivatives and Islamic structured product;
7. Islamic futures contracts and options traded in the futures and options market of an exchange
approved under the Act, as approved by the SACSC and/or Shariah adviser;
8. Islamic liquid assets;
9. Other tradable Islamic money market instruments; and
EASTSPRING INDONESIA EQUITY MY

Fund Objective
The Fund seeks to maximise long-term total return via the Eastspring Investments Indonesia
Equity Fund that invests primarily in equities and equity-related securities of companies, which are
incorporated, listed in or have their area of primary activity, in Indonesia.
SHOULD THE MANAGER DECIDE TO INVEST IN ANOTHER COLLECTIVE INVESTMNET SCHEME
OTHER THAN THE EASTSPRING INVESTMENTS INDONESIA EQUITY FUND FOR ANY REASON
WHATSOEVER, UNIT HOLDERS APPROVAL IS REQUIRED.
Investment Strategy
The Fund seeks to achieve its objective by investing in the Eastspring Investments Indonesia
Equity Fund which is a Sub-fund of the Eastspring Investments, managed by Eastspring
Investments (Singapore) Limited.
125
Asset Allocation
Asset Class
% of the Funds NAV
At least 95%
At least 0.2%

Manager.
The performance benchmark of the Fund is JCI.
Source: www.idx.co.id
following:
1. The Target Fund or a collective investment scheme having a similar objective;
2. Liquid assets; and
3. Any other investments as may be permitted by the relevant authorities from time to time.
EASTSPRING GLOBAL EMERGING MARKETS

Fund Objective
The Fund seeks to achieve long-term capital growth by investing in a collective investment scheme
called the Schroder International Selection Fund Emerging Markets, which in turn seeks to provide
capital growth primarily through investment in equity securities of emerging markets companies.
SHOULD THE MANAGER DECIDE TO INVEST IN ANOTHER COLLECTIVE INVESTMENT SCHEME OTHER
THAN THE SCHRODER INTERNATIONAL SELECTION FUND EMERGING MARKETS FOR ANY REASON
WHATSOEVER, UNIT HOLDERS APPROVAL IS REQUIRED.
126
Investment Strategy
The Fund seeks to achieve its objective by investing in the Schroder International Selection Fund
Emerging Markets which is a Sub-fund of the Schroder International Selection Fund, managed by
Schroder Investment Management Limited in UK.
Asset Allocation
Asset Class
% of the Funds NAV
At least 95%
At least 0.2%

Manager.
The performance benchmark of the Fund is MSCI EM Net TR USD.
following:
1. The Schroder International Selection Fund Emerging Markets or a collective investment
scheme having a similar objective;
2. Futures contracts;
to time.
127
EASTSPRING GLOBAL BASICS MY

Fund Objective
The Fund seeks to maximise long term capital appreciation by investing in another collective
investment scheme primarily the M&G Global Basics Fund, which invests wholly or mainly in
companies operating in basic industries [primary industries (extracting raw materials) and
secondary industries (products and services)] and also in companies that service these industries.
SHOULD THE MANAGER DECIDE TO INVEST IN ANOTHER COLLECTIVE INVESTMENT SCHEME
OTHER THAN THE M&G GLOBAL BASICS FUND FOR ANY REASON WHATSOEVER, UNIT HOLDERS
APPROVAL IS REQUIRED.
Investment Strategy
The Fund seeks to achieve its objective by investing in the M&G Global Basics Fund which is a
Sub-fund of the M&G Investment Funds (1), managed by M&G Investment Management Limited.
Asset Allocation
Asset Class
% of the Funds NAV
At least 95%
At least 1%

Manager.
The performance benchmark of the Fund is FTSE Global Basics Composite Index.
Source: www.mandg.co.uk
128
following:
to time.
EASTSPRING GLOBAL LEADERS MY

Fund Objective
The Fund seeks to maximise long-term total returns (the combination of income* and growth of
capital) by investing in the M&G Global Leaders Fund, which in turn invests in a wide range of
global equities that are considered to be leading in their field. (If the Manager considers that the
M&G Global Leaders Fund is no longer viable, the Manager reserves the right to invest in some
other collective investment scheme which the Manager considers is similar to or has the same
objective as the M&G Global Leaders Fund.)
Note: The Investment Manager of the M&G Global Leaders Fund has in April 2012 changed
the investment objective of the M&G Global Leaders Fund to also allow for investment in global
equities of companies which the Investment Manager considers has the potential to be leading in
their field. The Investment Manager of M&G Global Leaders Fund made this change in order to
explain better the way in which the M&G Global Leaders Fund is managed and to make clearer
the key criteria by which the Manager selects leading companies for inclusion in the M&G Global
Leaders Fund. The Investment Manager has indicated that there is no change to the way in which
the M&G Global Leaders Fund is managed. For this reason, the Manager considers that there has
been no material change to the investment objective and strategy of the M&G Global Leaders
Fund.
SHOULD THE MANAGER DECIDE TO INVEST IN ANOTHER COLLECTIVE INVESTMENT SCHEME OTHER
THAN M&G GLOBAL LEADERS FUND FOR ANY REASON WHATSOEVER, UNIT HOLDERS APPROVAL
IS REQUIRED.
__________________________
129
Investment Strategy
The Fund seeks to achieve its objective by investing in the M&G Global Leaders Fund which is a
Sub-fund of the M&G Investment Funds (1), managed by M&G Investment Management Limited.
Asset Allocation
Asset Class
% of the Funds NAV
At least 95%
At least 1%

Manager.
The performance benchmark of the Fund is MSCI World Index.
following:
to time.
130
TEMPORARY DEFENSIVE POSITIONS

If and when the Manager considers the market, economic, political or other conditions to be
adverse to a Fund, the Manager may take a temporary defensive position to respond to those
conditions. In such circumstances, the Fund may temporarily increase its holdings in Deposits or
liquid assets by more than the allocated percentage of the Funds asset allocation.
RISK MANAGEMENT STRATEGIES

The risk management strategies employed by the Manager are as follows:monitoring market and economic conditions;
monitoring adherence to the Fundsobjective and investment restrictions and limits;
monitoring the performance of the Funds;
taking temporary defensive positions, when required; and
escalating and reporting investment matters to the investment committee, senior
management team, audit and compliance committee and board of directors.
INVESTMENT RESTRICTIONS AND LIMITS

The investment restrictions and limits for the Funds are as follows, or any other limits as may be
prescribed by the SC from time to time.
Eastspring Cash Management & Eastspring Islamic Income
(a) The value of the Funds investments in unlisted securities or unlisted Shariah-compliant
securities must not exceed 10% of the Funds NAV. This limit does not apply to unlisted
securities or unlisted Shariah-compliant securities that are:
debentures or sukuk traded on an organised over-the-counter (OTC) market.
(b) The value of the Funds investments in permitted investments (debentures or sukuk, money
market instruments or Islamic money market instruments and placement in Deposits or
Islamic Deposits) must not be less than 90% of the Funds NAV;
(c) The value of the Funds investments in permitted investments which have a remaining
maturity period of not more than 365 days must not be less than 90% of the Funds NAV;
(d) The value of the Funds investments in permitted investments which have a remaining
maturity period of more than 365 days but fewer than 732 days must not exceed 10% of the
Funds NAV;
(e) The value of the Funds placement in Deposits or Islamic Deposits with any single financial
institution must not exceed 20% of the Funds NAV;
(f) The value of the Funds investments in debentures or sukuk and money market instruments or
Islamic money market instruments issued by any group of companies must not exceed 30%
of the Funds NAV;
131
(g) The Funds investments in debentures or sukuk must not exceed 20% of the securities or
Shariah-compliant securities issued by any single issuer;
(h) The Funds investments in money market instruments or Islamic money market instruments
must not exceed 20% of the instruments issued by any single issuer;
(i) There will be no restriction or limit for securities or Shariah-compliant securities issued or
guaranteed by the Malaysian government or Bank Negara Malaysia.
Eastspring Bond, Eastspring Institutional Income and Eastspring Dana Wafi
(a) The value of the Funds investments in unlisted securities or unlisted Shariah-compliant must
not exceed 10% of the Funds NAV. This limit does not apply to unlisted securities or unlisted
Shariah-compliant that are:
(b) The value of the Funds investments in debentures or sukuk issued by any single issuer must
not exceed 20% of the Funds NAV. It may be increased to 30%, if the debentures or sukuk
are rated by any domestic or global rating agency to be of the best quality and offer highest
safety for timely payment of interest and principal;
(c) The value of the Funds investments in debentures or sukuk issued by any one group of
companies must not exceed 30% of the Funds NAV;
(d) The value of the Funds placement in Deposits or Islamic Deposits with any single institution
must not exceed 20% of the Funds NAV;
(e) The Funds exposure from its derivatives or Shariah-compliant derivatives position should not
exceed the Funds NAV at all times;
(f) For investments in derivatives or Shariah-compliant derivatives, the exposure to the underlying
assets of that derivative or Shariah-compliant derivative must not exceed the investment
spread limits stipulated in the Guidelines;
(g) The aggregate value of the Funds investments in transferable securities or Shariah-compliant
transferable securities, money market instruments or Islamic money market instrument and
Deposits or Islamic Deposits issued by or placed with (as the case may be) any single issuer or
institution must not exceed 25% of the Funds NAV. Where the single issuer limit is increased
to 30% of the Funds NAV, pursuant to paragraph (b), the aggregate value of the Funds
investment must not exceed 30%;
(h) The value of the Funds investments in units or shares of any collective investment scheme or
Shariah-compliant collective investment scheme must not exceed 20% of the Funds NAV;
(i) The Funds investments in debentures or sukuk must not exceed 20% of the debentures or
sukuk issued by any single issuer;
(j) The Funds investments in money market instruments or Islamic money market instruments
must not exceed 10% of the instruments issued by any single issuer. This limit does not apply
to money market instruments or Islamic money market instruments that do not have a predetermined issue size;
(k) The Funds investments in collective investment schemes or Shariah-compliant collective
instrument schemes must not exceed 25% of the units or shares in any collective investment
scheme or Shariah-compliant collective investment scheme;
132
(l) There will be no restriction or limits for securities or Shariah-compliant securities issued or
(a) The value of the Funds investments in unlisted securities must not exceed 10% of the Funds
NAV. This limit does not apply to unlisted securities that are:
debentures traded on an organised over-the-counter (OTC) market.
(b) The value of the Funds investments in debentures issued by any single issuer must not exceed
20% of the Funds NAV. The single issuer limit may be increased to 30% of the NAV, if the
debentures are rated by any domestic or global rating agency to be of the best quality and
offer highest safety for timely payment of interest and principal.
(c) The value of the Funds investments in debentures issued by any one group of companies
(d) The value of the Funds placement in Deposits with any single institution must not exceed
20% of the Funds NAV;
(e) The Funds exposure from its derivatives position should not exceed the Funds NAV at all
times;
(f) For investments in derivatives, the exposure to the underlying assets of that derivative must
not exceed the investment spread limits stipulated in the Guidelines;
(g) The aggregate value of the Funds investments in transferable securities, money market
instruments and Deposits issued by or placed with (as the case may be) any single issuer or
institution must not exceed 25% of the Funds NAV. Where the single issuer limit is increased
to 30% of the Funds NAV, pursuant to paragraph (b), the aggregate value of the Funds
investment must not exceed 30%;
(h) The value of the Funds investments in units or shares of any collective investment scheme
(i) The Funds investments in debentures must not exceed 20% of the debentures issued by any
single issuer;
(j) The Funds investments in money market instruments must not exceed 10% of the
instruments issued by any single issuer. This limit shall not apply to money market instruments
that do not have a pre-determined issue size;
(k) The Funds investments in collective investment schemes must not exceed 25% of the units or
shares in any one collective investment scheme;
(l) There will be no restriction or limit for securities or instruments issued or guaranteed by the
Malaysian government or Bank Negara Malaysia;
133
Eastspring Enhanced Income & Eastspring Dana al-Islah

equities or Shariah-compliant equities not listed or quoted on a stock exchange but have
been approved by the relevant regulatory authority for such listing and quotation, and are
offered directly to the Fund by the issuer; and
(b) The value of the Funds investments in ordinary shares or Shariah-compliant shares issued by
any single issuer must not exceed 10% of the Funds NAV;
(c) The value of the Funds investments in transferable securities or Shariah-compliant securities
and money market instruments or Islamic money market instruments issued by any single
issuer must not exceed 15% of the Funds NAV;
assets of that derivative or Shariah-compliant derivatives must not exceed the investment
(g) The aggregate value of the Funds investments in transferable securities or transferable
Shariah-compliant securities, money market or Islamic money market instruments and
Deposits or Islamic Deposits issued by or placed with (as the case may be) any single issuer or
Shariah-compliant collective investment scheme must not exceed 20% of the Funds NAV;
(i) The value of the Funds investments in transferable securities or transferable Shariahcompliant securities and money market instruments or Islamic money market instruments
issued by any group of companies must not exceed 20% of the Funds NAV;
(j) The Funds investments in transferable securities or transferable Shariah-compliant securities
(other than debentures or sukuk) must not exceed 10% of the securities or Shariah-compliant
securities issued by any single issuer;
(k) The Funds investments in debentures or sukuk must not exceed 20% of the debentures or
(l) The Funds investments in money market instruments or Islamic money market instruments
must not exceed 10% of the instruments issued by any single issuer. This limit does not
apply to money market instruments or Islamic money market instruments that do not have a
predetermined issue size;
(m) The Funds investments in collective investment schemes or Shariah-compliant collective
investment schemes must not exceed 25% of the units or shares in any collective investment
scheme or Shariah-compliant collective investment schemes;
134
(n) There will be no restriction or limits for securities or Shariah-compliant securities issued or
Eastspring Balanced & Eastspring Dynamic
(a) The value of the Funds investment in unlisted securities must not exceed 10% of the Funds
equities not listed or quoted on a stock exchange but have been approved by the relevant
regulatory authority for such listing and quotation, and are offered directly to the Fund by
the issuer; and
(b) The value of the Funds investment in ordinary shares issued by any single issuer must not
exceed 10% of the Funds NAV;
(c) 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;
(e) The Funds exposure from its derivatives position should not exceed the Funds NAV at all
times;
(f) For investments in derivatives, the exposure to the underlying assets of that derivative must
(g) The aggregate value of the Funds investments in transferable securities, money market
(h) The value of the Funds investments in units or shares of any collective investment scheme
(i) The value of the Funds investments in transferable securities and money market instruments
(j) The Funds investments in transferable securities (other than debentures) must not exceed
10% of the securities issued by any single issuer;
(k) The Funds investments in debentures must not exceed 20% of the debentures issued by any
single issuer;
(l) The Funds investments in money market instruments must not exceed 10% of the
instruments issued by any single issuer. This limit does not apply to money market instruments
that do not have a predetermined issue size;
(m) The Funds investments in collective investment schemes must not exceed 25% of the units or
shares in any collective investment scheme;
(n) There will be no restriction or limits for securities issued or guaranteed by the Malaysian
government or Bank Negara Malaysia.
135

(b) The value of the Funds investments in transferable securities and money market instruments
(c) The value of the Funds placement in Deposits with any single institution must not exceed
(d) The Funds exposure from its derivatives position should not exceed the Funds NAV at all
times;
(e) For investments in derivatives, the exposure to the underlying assets of that derivative must
(f) The aggregate value of the Funds investments in transferable securities, money market
(g) The value of the Funds investments in units or shares of any collective investment scheme
must not exceed 20% of the Funds NAV.
(h) The value of the Funds investments in transferable securities and money market instruments
(i) The Funds investments in transferable securities (other than debentures) must not exceed
(j) The Funds investments in debentures must not exceed 20% of the debentures issued by any
single issuer;
(k) The Funds investments in money market instruments must not exceed 10% of the
(l) The Funds investments in collective investment schemes must not exceed 25% of the units or
(m) There will be no restriction or limits for securities issued or guaranteed by the Malaysian
(a) The value of the Funds investments in unlisted Shariah-compliant securities must not exceed
10% of the Funds NAV. This limit does not apply to unlisted Shariah-compliant securities that
are:
Shariah-compliant equities not listed or quoted on a stock exchange but have been
approved by the relevant regulatory authority for such listing and quotation, and are
Sukuk traded on an organised over-the-counter (OTC) market.
(b) The value of the Funds investments in ordinary Shariah-compliant shares issued by any single
136
(c) The value of the Funds investments in transferable Shariah-compliant securities and Islamic
money market instruments issued by any single issuer must not exceed 15% of the Funds
NAV;
(d) The value of the Funds placement in Islamic Deposits with any single institution must not
(e) The Funds exposure from its Shariah-compliant derivatives position should not exceed the
Funds NAV at all times;
(f) For investments in Shariah-compliant derivatives, the exposure to the underlying assets of that
Shariah-compliant derivative must not exceed the investment spread limits stipulated in the
Guidelines;
(g) The aggregate value of the Funds investments in transferable Shariah-compliant securities
and Islamic money market instruments, Islamic Deposits issued or placed with (as the case
may be) any single issuer or institution must not exceed 25% of the Funds NAV;
(h) The value of the Funds investments in transferable Shariah-compliant securities and Islamic
money market instruments issued by any group of companies must not exceed 20% of the
Funds NAV;
(i) The Funds investments in transferable Shariah-compliant securities (other than sukuk) must
not exceed 10% of the Shariah-compliant securities issued by any single issuer;
(j) The Funds investments in sukuk must not exceed 20% of the sukuk issued by any single
issuer;
(k) The Funds investments in Islamic money market instruments must not exceed 10% of the
instruments issued by any single issuer. This limit does not apply to Islamic money market
instruments that do not have a predetermined issue size;
(l) There will be no restriction or limits for Shariah-compliant securities issued or guaranteed by
the Malaysian government or Bank Negara Malaysia.
are:
(b) The value of the Funds investments in Shariah-compliant ordinary shares issued by any single
NAV;
137
(e) The aggregate value of the Funds investments in transferable Shariah-compliant securities,
Islamic money market instruments and Islamic Deposits issued by or placed with (as the case
(f) The value of the Funds investments in units or shares of any Shariah-compliant collective
investment scheme must not exceed 20% of the Funds NAV;
(g) The value of the Funds investments in transferable Shariah-compliant securities and Islamic
Funds NAV;
(h) The Funds investments in transferable Shariah-compliant securities (other than sukuk) must
(i) The Funds investments in sukuk must not exceed 20% of the sukuk issued by any single
issuer;
(j) The Funds investments in Islamic money market instruments must not exceed 10% of the
(k) The Funds investments in Shariah-compliant collective investment schemes must not exceed
25% of the units or shares in any Shariah-compliant collective investment scheme;
(l) There will be no restriction or limits for Shariah-compliant securities issued or guaranteed by
the Malaysian government or Bank Negara Malaysia.
Eastspring Small-cap, Eastspring Growth, Eastspring Asia Pacific Equity MY and
equities or Shariah-compliant equities not listed or quoted on a stock exchange but have
been approved by the relevant regulatory authority for such listing and quotation, and are
(b) The value of the Funds investments in ordinary shares or Shariah-compliant ordinary shares
(c) The value of the Funds investments in transferable securities or transferable Shariahcompliant securities and money market instruments or Islamic money market instruments
assets of that derivative or Shariah-compliant derivative must not exceed the investment
138
(g) The aggregate value of the Funds investments in transferable securities or transferable
Shariah-compliant securities, money market instruments or Islamic money market instruments
and Deposits or Islamic Deposits issued by or placed with (as the case may be) any single
issuer or institution must not exceed 25% of the Funds NAV;
Shariah-compiliant collective investment scheme must not exceed 20% of the Funds NAV;
(i) The value of the Funds investments in transferable securities or transferable Shariahcompliant securities and money market instruments or Islamic money market instruments
(j) The Funds investments in transferable securities or transferable Shariah-compliant securities
(other than debentures or sukuk) must not exceed 10% of the securities or Shariah-compliant
securities issued by any single issuer;
(k) The Funds investments in debentures or sukuk must not exceed 20% of the debentures or
(l) The Funds investments in money market instruments or Islamic money market instruments
must not exceed 10% of the instruments issued by any single issuer. This limit does not
apply to money market instruments or Islamic money market instruments that do not have a
predetermined issue size;
(m) The Funds investments in collective investment schemes or Shariah-compliant collective
schemes must not exceed 25% of the units or shares in any collective investment scheme or
Shariah-compliant collective schemes;
(n) There will be no restriction or limits for securities or Shariah-compliant securities issued or
the issuer; and
(b) The value of the Funds investments in ordinary shares issued by any single issuer must not
(e) The aggregate value of the Funds investments in transferable securities, money market
139
(f) The value of the Funds investments in transferable securities and money market instruments
(g) The Funds investments in transferable securities (other than debentures) must not exceed
(h) The Funds investments in debentures must not exceed 20% of the debentures issued by any
single issuer;
(i) The Funds investments in money market instruments must not exceed 10% of the
(j) There will be no restriction or limits for securities issued or guaranteed by the Malaysian
Eastspring MY Focus
the issuer; and
(b) The value of the Funds investments in ordinary shares issued by any single issuer must not
(d) The Funds exposure from its derivatives position should not exceed the Funds NAV at all
times;
(e) For investments in derivatives, the exposure to the underlying assets of that derivative must
(f) The aggregate value of the Funds investments in transferable securities and money market
instruments issued by or placed with (as the case may be) any single issuer or institution must
not exceed 25% of the Funds NAV;
(g) The value of the Funds investments in units or shares of any collective investment scheme
(h) The value of the Funds investments in transferable securities and money market instruments
(i) The Funds investments in transferable securities (other than debentures) must not exceed
(j) The Funds investments in debentures must not exceed 20% of the debentures issued by any
single issuer;
(k) The Funds investments in money market instruments must not exceed 10% of the
140
(l) The Funds investments in collective investment schemes must not exceed 25% of the units or
(m) There will be no restriction or limits for securities issued or guaranteed by the Malaysian
Eastspring Global Leaders MY, Eastspring Global Basics MY and Eastspring
Indonesia Equity MY
The Fund may not invest in:
(a) a fund of funds;
(b) a feeder fund; and
(c) any sub-fund of an umbrella scheme which is a fund-of-funds or a feeder fund.
The Fund may not invest in:
(a) a fund of fund;
(b) a feeder fund; and
(c) any sub-fund of an umbrella scheme which is a fund-of-funds or a feeder fund.
The Funds net market exposure of the futures contracts position must not exceed the Funds NAV.
The participation of the Fund in futures contracts must be for hedging purposes only. In addition,
the futures contracts must be traded in or under the rules of an eligible market.
are:
NAV;
exceed 20% of the funds NAV;
Guidelines;
141
(g) The aggregate value of the Funds investments in transferable Shariah-compliant securities
and Islamic money market instruments, Islamic Deposits issued or placed with (as the case
(h) The value of the Funds investments in transferable Shariah-compliant securities and Islamic
Funds NAV;
(i) The Funds investments in transferable Shariah-compliant securities (other than sukuk) must
(j) The Funds investments in sukuk must not exceed 20% of the sukuk issued by any single
issuer;
(k) The Funds investments in Islamic money market instruments must not exceed 10% of the
(l) There will be no restriction or limits for Shariah-compliant securities or instruments issued or
are:
offered directly to the Fund by the issuer;
Sukuk traded on an organised over-the-counter (OTC) market; and
Islamic structured products.
NAV;
Guidelines and the value of the Funds OTC Shariah-compliant derivative transaction with any
single counter-party must not exceed 10% of the Funds NAV;
(g) The value of the Funds investments in Islamic structured products issued by a single counterparty must not exceed 15% of the Funds NAV. This single counter-party limit may be exceed
if the counter-party has a minimum long-term rating that indicates very strong capacity for
142
timely payment of financial obligations provided by any domestic or global rating agency and
the Islamic structured product has a capital protection feature;
(h) The aggregate value of the Funds investments in transferable Shariah-compliant securities,
Islamic money market instruments, Islamic Deposits, OTC Shariah-compliant derivatives and
Islamic structured products issued by or placed with (as the case may be) any single issuer or
(i) The value of the Funds investment in units or shares of any Shariah-compliant collective
investment scheme must not exceed 20% of the Funds NAV;
(j) The value of the Funds investment in transferable Shariah-compliant securities and Islamic
Funds NAV;
(k) The Funds investments in transferable Shariah-compliant securities (other than sukuk) must
(l) The Funds investments in sukuk must not exceed 20% of the sukuk issued by any single
issuer;
(m) The Funds investments in Islamic money market instruments must not exceed 10% of the
(n) The Funds investments in Shariah-compliant collective investment schemes must not exceed
25% of the units or shares in any one Shariah-compliant collective investment scheme;
(o) There will be no restriction or limits for Shariah-compliant securities or instruments issued or
The investment restrictions and limits mentioned herein must be complied with at all times based
on the most up-to-date value of the Funds investments. However, a 5% allowance in excess
of the restrictions or limits is permitted where the restrictions or limits is breached through an
appreciation or depreciation of the NAV (whether as a result of an appreciation or depreciation
of the investments or as a result of redemption of Units or payment made from the Fund).
The Manager will not make any further acquisitions to which the relevant restriction or limit is
breached, and the Manager will within a reasonable period of not more than three (3) months
from the date of the breach take all necessary steps and actions to rectify the breach.
143
ADDITIONAL INFORMATION IN RELATION TO SHARIAH-COMPLIANT FUND

The following matters are adopted by IBFIM in determining the Shariah status of equity
investments of the Fund.
1. Additional Investment Guidelines
The following matters are adopted by IBFIM in determining the Shariah status of equity
investments of the Fund.
INVESTMENT IN MALAYSIA
Equity:
Reference for investment in local equities and equity related securities is based on the list of
Shariah-compliant securities issued by the SACSC twice yearly on the last Friday of May and
November which is readily available at the SCs website.
However, for Initial Public Offering (IPO) companies that have yet to be determined the
Shariah status by the SACSC, IBFIM adopted the following analysis as a temporary measure
in determining its Shariah status until the SACSC releases the Shariah status of the respective
companies.
Core Business Activities Analysis
Companies whose activities are not contrary to the Shariah will be classified as Shariahcompliant securities. On the other hand, companies will be classified as Shariah noncompliant if they are involved in the following core business activities:
a)
b)
c)
d)
e)
f)
g)
h)
Conventional financial services;

Gambling and gaming;
Manufacture or sale of non-halal products or related products (e.g. pork and liquor);
Manufacture or sale of tobacco-based products or related products;
Pornography;
Weaponry;
Entertainment activities that are not permitted by the Shariah; and
Other activities deemed non-permissible according to the Shariah.
Mixed Business Activities Analysis

For companies with activities comprising both permissible and non-permissible elements,
IBFIM applies two analyses before they can be classified as Shariah-compliant. The
analyses are as follows:
i)
Qualitative Analysis
In this analysis, IBFIM will look into aspects of general public perception of the
companies images, core businesses which are considered important and maslahah
144
(beneficial) to the Muslim ummah and the country, the non-permissible elements
are very small and involve matters like umum balwa (common plight and difficult to
avoid), uruf (custom) and rights of the non-Muslim community which are accepted
by the Shariah.
ii)
Quantitative Analysis
Companies which passed the above qualitative analysis will be further subject to
quantitative analysis. IBFIM deduces the following to ensure that they are lower than
the Shariah tolerable benchmarks:
a) Business Activity Benchmarks
The 5% benchmark would be applicable to the following business activities:
Conventional banking;
Conventional insurance;
Gambling;
Liquor and liquor-related activities;
Pork and pork-related activities;
Non-halal food and beverages;
Shariah non-compliant entertainment;
Interest income from conventional accounts and instruments;
Tobacco and tobacco-related activities; and
Other activities considered non-compliant according to Shariah.
The 20% benchmark would be applicable to the following activities:
Hotel and resort operations;
Share trading;
Stockbroking business;
Rental received from Shariah non-compliant activities; and
Other activities considered non-compliant according to Shariah.
The contribution of Shariah non-compliant acitivities to the overall revenue
or sales or turnover or income and profit before tax of the companies will be
calculated and compared against the relevant business activity benchmarks.
b) Financial Ratio Benchmarks
The financial rations applied are as follows:
Cash over Total Assets
Cash will only include cash placed in conventional accounts and instruments,
whereas cash placed in Islamic accounts and instruments will be excluded
from the calculation.
Debt over Total Assets
Debt will only include interest-bearing debt whereas Islamic debt or financing
or sukuk will be excluded from the calculation.
145
Both ratios, which are intended to measure riba and riba-based elements within
a companies balance sheet, must be lower than 33%.
Should any of the above deductions fail to meet the benchmarks, IBFIM will not
accord Shariah-compliant status for the companies.
Sukuk and Islamic Money Market Instruments:
As for any sukuk and/or Islamic money market instruments, IBFIM will base on the data
available at Bond Info Hub (www.bondinfo.bnm.gov.my) and Fully Automated System For
Issuing/Tendering (https://fast.bnm.gov.my).
INVESTMENT IN FOREIGN MARKETS
Equity:
Core Business Activities Analysis
Companies whose activities are not contrary to the Shariah will be classified as Shariahcompliant securities. On the other hand, companies will be classified as Shariah noncompliant if they are involved in the following core business activities:
a)
b)
c)
d)
e)
f)
g)
h)
Conventional financial services;

Gambling and gaming;
Manufacture or sale of non-halal products or related products (e.g. pork and liquor);
Manufacture or sale of tobacco-based products or related products;
Pornography;
Weaponry;
Entertainment activities that are not permitted by the Shariah; and
Other activities deemed non-permissible according to the Shariah.
Mixed Business Activities Analysis

For companies with activities comprising both permissible and non-permissible elements,
IBFIM applies two analyses before they can be classified as Shariah-compliant. The
analyses are as follows:
i)
Qualitative Analysis
In this analysis, IBFIM will look into aspects of general public perception of the
companies images, core businesses which are considered important and maslahah
(beneficial) to the Muslim ummah and the country, the non-permissible elements
are very small and involve matters like umum balwa (common plight and difficult to
avoid), uruf (custom) and rights of the non-Muslim community which are accepted
by the Shariah.
146
ii)
Quantitative Analysis
Companies which passed the above qualitative analysis will be further subject to
quantitative analysis. IBFIM deduces the following to ensure that they are lower than
the Shariah tolerable benchmarks:
Contribution of interest income to the total income is lower than 5% of the total
income;
Total debt of the companies (including all interest-bearing loans or debentures
and their respective payables such as short term or long term debts, short term
or long term debentures and all debentures payables) is lower than 30% of the
total assets of the companies;
Total sum of companies cash and receivables is lower than 70% of its total
assets; and
Income generated from other prohibited components from Shariah perspective is
lower than 5% of the companies total income.
Should any of the above deductions fail to meet the benchmarks, IBFIM will not
accord Shariah-compliant status for the companies.
Foreign sukuk:
IBFIM will review the information memoranda or prospectuses of the sukuk, its structures,
utilisation of proceeds, Shariah contracts, Shariah pronouncements, etc.
2. Cleansing Process for the Funds
(a) Wrong Investment
This refers to Shariah non-compliant investment made by the fund manager. The said
investment will be disposed/withdrawn of with immediate effect. In the event of the
investment resulted in gain (through capital gain and/or dividend), the gain is to be
channelled to baitulmal or any other charitable bodies as advised by the Shariah adviser. If
the disposal of the investment results in losses to the Fund, the losses are to be borne by
the fund manager.
(b) Reclassification of Shariah Status of the Funds Investment
Reclassification of Shariah status refers to security which is reclassified as Shariah noncompliant by the SACSC, the Shariah adviser or the Shariah boards of the relevant Islamic
Indices. The said equity will be disposed soonest practical, once the total amount of
dividends is received and the market value held equals the original investment costs.
Any capital gains arising from the disposal of the Shariah non-compliant equity made
at the time of the announcement can be kept by the Fund. However, any excess capital
gains derived from the disposal after the announcement day at a market price that is
higher than the closing price on the announcement day is to be channelled to baitulmal
or any charitable bodies as advised by the Shariah adviser.
147
3. Zakat (tithe) for the Fund

The Fund does not pay zakat on behalf of Muslim individuals and Islamic legal entities who
are investors of the Fund. Thus, investors are advised to pay zakat on their own.
VALUATION OF THE FUND

Valuation Point
The Fund must be valued at least once every Business Day. The Fund adopts a forward pricing
basis which means that prices of Units will be calculated based on the NAV of the Fund at the
next valuation point after the application to purchase or redeem Units is received by the Manager.
For a Fund with no foreign investments, the valuation of the Fund is conducted at the close of
Bursa Malaysia on the same Business Day. If request for sales or redemptions are received before
the cut-off time of 4.00 p.m. on any Business Day, say, Tuesday, the Tuesdays Unit pricing shall
apply and will be calculated on Tuesday (if this is a Business Day). Tuesdays Unit pricing will be
published on Wednesday (T+1).
For a Fund with foreign market investments, the valuation of the Fund is conducted after the
close of a Business Day but not later than 5.00 p.m. of the following Business Day (T+1) due
to the different time zones of foreign markets. Consequently, the daily NAV of the Fund will be
published two (2) Business Days later instead of the next Business Day. If request for sales or
redemptions are received before the cut-off time of 4.00 p.m. on any Business Day, say, Tuesday,
the Tuesdays Unit pricing shall apply and will be calculated on Wednesday (if this is a Business
Day). Tuesdays Unit pricing will be published on Thursday (T+2).
You may contact the Manager directly or visit the Managers website, www.
eastspringinvestments.com.my to obtain the latest NAV of the Fund.
Bases Of Valuation For The Fund
The bases of valuation of the respective assets classes of the Fund are as follows:
Listed securities or Shariah-compliant securities
In respect of the Funds investments in listed securities or Shariah-compliant securities,
the valuation is based on the market price obtained at the close of the respective stock
exchanges. However, if
(a) a valuation based on the market price does not represent the fair value of the listed
securities or Shariah-compliant securities, for example during abnormal market
conditions; or
(b) no market price is available, including in the event of a suspension in the quotation of
listed securities or Shariah-compliant securities for a period exceeding fourteen (14) days,
or such shorter period as agreed by the Trustee,
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then the listed securities or Shariah-compliant securities would be valued at fair value, as
determined in good faith by the Manager based on the methods or bases approved by the
Trustee after appropriate technical consultation.
Unlisted securities or Shariah-compliant securities
Investments in unlisted securities or Shariah-compliant securities will be valued at fair value as
determined in good faith by the Manager, on methods or bases which have been verified by
the auditor of the Fund and approved by the Trustee.
Unlisted collective investment schemes or Shariah-compliant collective investment schemes
Investments in unlisted collective investment schemes or Shariah-compliant collective
investment schemes will be valued based on the last published price per Unit.
Unlisted fixed income securities or Sukuk
Investments in unlisted fixed income securities or sukuk denominated in Ringgit Malaysia will
be valued on a daily basis using fair value prices quoted by a bond pricing agency registered
with the SC. An example of such agency is Bond Pricing Agency Malaysia Sdn Bhd. If the
Manager is of the view that the price quoted by the bond pricing agency differs from the
market price by more than twenty (20) basis points, the Manager may use the market price
provided that the Manager records the basis for not using the bond pricing agency price
and obtain the necessary internal approvals for not using the bond pricing agency price. The
Manager will keep the audit trail of all decisions and basis for adopting the market yield.
Foreign unlisted fixed income securities or sukuk will be valued daily based on fair value
by reference to the average indicative yield quoted by three independent and reputable
institutions. However, when the Manager is unable to obtain quotations from three
independent and reputable institutions due to circumstances where the independent dealers
or bankers are not able to provide daily quotes for the foreign unlisted fixed income securities
or sukuk, the value shall be determined by reference to the value of such unlisted fixed
income securities or sukuk quoted by Reuters. Prior to the usage of Reuters, verification
from the auditors and approval from the Trustee shall be sought. An audit trail for the basis
of adopting Reuters and the approval given for such adoption shall be maintained by the
Manager.
Money markets instruments or Islamic money market instruments
Money market instruments or Islamic money market instruments such as commercial papers
or Islamic commercial papers shall be valued at original purchase yields on a daily basis. The
original purchase yields refer to the original price at the point of purchase and adjusted for
amortisation of premiums or accretion of discounts, and negotiable instruments or Islamic
negotiable instrument of Deposits are valued based on the yield provided by the bank or the
financial institution that issues the investments.
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Deposits or Islamic Deposits

Deposits or Islamic Deposits placed with financial institutions are valued each day by reference
to the principal value of such investments and interest or profit accrued thereon, if any, for
the relevant period.
Derivatives or Shariah-compliant derivatives
Derivatives or Shariah-compliant derivatives are marked-to-market on a daily basis, where
possible. Otherwise, the valuation will be based on fair value as determined in good faith by
the Manager on methods or bases that have been verified by the auditor of the Fund and
approved by the Trustee.
Structured product or Islamic structured product
Structured product or Islamic structured product is marked-to-market on a daily or weekly
basis, where possible using valuation prices quoted by the structured product providers.
Otherwise, the valuation will be based on fair value as determined in good faith by the
Manager on methods or bases which have been verified by the auditor of the Fund and
approved by the Trustee.
FOREIGN EXCHANGE RATE CONVERSION

Where the value of an asset of the Fund is denominated in a foreign currency, the assets are
translated on a daily basis to Ringgit Malaysia using the bid foreign exchange rate quoted by
either Reuters or Bloomberg, at United Kingdom time 4.00 p.m. the same day.
POLICY ON GEARING
The Fund is not permitted to 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. However the Fund may borrow cash for the purpose of meeting redemption requests
for Units and for short-term bridging requirement. Such borrowings are subject to the following:
the Funds borrowing is only on a temporary basis and that borrowings are not persistent;
the borrowing period should not exceed a month;
the aggregate borrowings of the Funds should not exceed 10% of the Funds NAV at the time
the borrowing is incurred; and
the Fund may only borrow from financial institutions.
Shariah-compliant Fund must seek Islamic financing for the above requirements.
150
INFORMATION ON THE TARGET FUND
151
06. INFORMATION OF THE TARGET FUND

This section of the master prospectus provides you information regarding the Target Fund and the
people behind the management of the Target Fund as extracted from the prospectus of the Target
Fund.
EASTSPRING INVESTMENTS DRAGON PEACOCK FUND
(for the avoidance of doubt, this fund is not a target fund); and
EASTSPRING INVESTMENTS INDONESIA EQUITY FUND
About Eastspring Investments
The Target Fund is a Sub-fund of the Eastspring Investments (the SICAV), which is an openended investment company with variable capital (socit dinvestissement capital variable)
registered in the Grand Duchy of Luxembourg on the official list of collective investment
undertakings pursuant to Part I of the Luxembourg law of 17 December 2010 relating to
undertakings for collective investment (the 2010 Law) and the Directive 2009/65/EC of the
European Union Parliament and of the Council of 13 July 2009 (the UCITS Directive). The
Target Fund is regulated by the Commission de Surveillance du Secteur Financier (Luxembourg
financial supervisory authority).
The SICAV has appointed Eastspring Investments (Luxembourg) S.A., to act as a management
company with effect 1 April 2013. Previously, the SICAV was self-managed. The management
company is governed by chapter 15 of the 2010 Law, and is authorised to perform in particular
the functions of collective portfolio management within the meaning of article 101(2) of the 2010
Law, including without limitation the administration, management and marketing of the SICAV.
Eastspring Investments (Luxembourg) S.A., is part of the Eastspring Investments Group which
is Prudential plcs asset management business in Asia. The Target Funds assets management
is currently outsourced to Eastspring Investments (Singapore) Limited and the custodian of the
Target Fund is The Bank of New York Mellon (Luxembourg) S.A.
About Eastspring Investments (Singapore) Limited
Eastspring Investments (Singapore) Limited is an ultimately wholly owned subsidiary of Prudential
plc (Prudential), a company incorporated and with its principal place of business in England.
Prudential is an international financial services group. It provides insurance and financial services
through its subsidiaries and affiliates throughout the world (the Prudential Group). It has
been in existence for over 165 years and had 443 billion in assets under management as at
31 December 2013. Eastspring Investments (Singapore) Limited is regulated by the Monetary
Authority of Singapore.
Eastspring Investments Singapore was set up as a company in 1994 and has been managing
discretionary funds since 1995. As at 31 December 2013, Eastspring Investments Singapore had
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approximately S$80.54 billion of assets under management, of which approximately S$57.11

billion were discretionary funds managed in Singapore.
INVESTMENT OBJECTIVE
The Target Fund aims to maximise long-term total returns by investing primarily in equity and
equity-related instruments of corporations, which are incorporated in, or listed in, or operating
principally from, or carrying on significant business in, or derive substantial revenue from, or
whose subsidiaries, related or associated corporations derive substantial revenue from the Peoples
Republic of China (PRC) and the Republic of India (India).
The investments of the Target Fund include, but are not limited to, listed securities in the
recognised markets, depository receipts including ADRs and GDRs, debt securities convertible into
common shares, preference shares and warrants.
The Target Fund aims to maximise long-term total returns by investing primarily in equity and
equity-related securities of companies, which are incorporated, listed in or have their area of
primary activity, in Indonesia. The Target Fund may also invest in depositary receipts including
ADRs and GDRs, debt securities convertible into common shares, preference shares, and warrants.
INVESTMENT STRATEGY
The first part of the process is idea generation. This is a systematic starting point where the
Manager uses proprietary screens across a wide investment universe of over 250 Chinese and
210 Indian companies applying consistent anchors around valuation. This allows the Manager
to be equipped to rapidly identify valuation outliers which may become investment candidates.
The next stage is the fundamental analysis of these outliers. This fundamental analysis drives the
Managers investment approach and the Manager employs a strong discipline around a single
valuation framework. The Manager insists on challenge and debate to test the assumptions and
help to achieve a level of conviction in the valuation. The next stage is portfolio construction. In
taking active risk the Manager considers the stock by stock relationships in the fund to ensure
sufficient diversification. The Manager establishes an explicit link between risk and return which
reinforces the Managers ability to take long-term positions without being forced to close
positions in response to excessive volatility. The last stage is review and control. This is a team
owned responsibility involving a formal peer review of all strategies which ensures the integrity of
the Managers process.
153
Eastspring Investements Indonesia Equity Fund

The first part of the process is idea generation. This is a systematic starting point where the
Investment Manager uses proprietary screens across a wide investment universe of over 1000
companies applying consistent anchors around valuation. This allows the Investment Manager
to be equipped to rapidly identify valuation outliers which may become investment candidates.
The next stage is the fundamental analysis of these outliers. This fundamental analysis drives
the Investment Managers investment approach and the Investment Manager employs a strong
discipline around a single valuation framework. The Investment Manager insists on challenge and
debate to test the assumptions and help to achieve a level of conviction in the valuation of each
security. The next stage is portfolio construction. In taking active risk the Investment Manager
considers the stock by stock relationships in the Sub-Fund to ensure sufficient diversification. The
Investment Manager establishes an explicit link between risk and return which reinforces the
Investment Managers ability to take long-term positions without being forced to close positions
in response to excessive volatility. The last stage is review and control. This is a team owned
responsibility involving a formal peer review of all strategies which ensures the integrity of the
Investment Managers process.
PERMITTED INVESTMENTS
The permitted investments of the above two Target Funds are as follows:
1)
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The Target Funds may only invest in:

(a)
transferable securities and money market instruments admitted to or dealt in on a

regulated market, as defined in article 4 point 1(14) of the Directive 2004/39/EC of the
European Parliament and of the Council of 21 April 2004 (Regulated Market);
(b)
transferable securities and money market instruments dealt in on another Regulated

Market in a Member State which operates regularly and is recognised and open to the
public. For the purpose of this Appendix, the term Member State refers to a Member
State of the European Union, it being understood that the States that are contracting
parties to the Agreement creating the European Union, it being understood that the
States that are contracting parties to the Agreement creating the European Economic
Area other than the Member States of the European Union, within the limits set forth
by this Agreement and related acts, are considered as equivalent to Member States of
the European Union;
(c)
transferable securities and money market instruments admitted to official listing on a

stock exchange in a non-Member State or dealt in on another Regulated Market in a
non-Member State which operates regularly and is recognised and open to the public
located within any other country of Europe, Asia, Oceania, the American continents or
Africa;
(d)
recently issued transferable securities and money market instruments, provided that the
terms of issue include an undertaking that application will be made for admission to
official listing on a stock exchange or to another Regulated Market referred to under
paragraphs (a) to (c) above and that such admission is secured within one year of issue;
(e)
shares or units of UCITS authorised according to the UCITS Directive and/or other UCI
within the meaning of Article 1(2)(a) and (b) of the UCITS Directive, should they be
situated in a Member State or not, provided that:
i)
ii)
iii)
iv)
v)
such other UCI are authorised under laws which provide that they are subject
to supervision considered by the CSSF to be equivalent to that laid down in
Community law, and that cooperation between authorities is sufficiently ensured;
the level of guaranteed protection for unitholders in such other UCI is equivalent
to that provided for unitholders in a UCITS, and in particular that the rules on asset
segregation, borrowing, lending, and uncovered sales of transferable securities
and money market instruments are equivalent to the requirements of the UCITS
Directive;
the business of the other UCI is reported in half-yearly and annual reports to
enable an assessment to be made of the assets and liabilities, income and
operations over the reporting period;
no more than 10% of the UCITS or the other UCI assets, whose acquisition is
contemplated, can be, according to its fund rules or instruments of incorporation,
invested in aggregate in units of other UCITS or other UCIs.
the Target Funds may not invest in units of other UCITS or UCIs for more than
10% of their assets, unless otherwise provided in respect of a particular Target
Fund in its investment policy.
(f)
deposits with credit institutions which are repayable on demand or have the right to
be withdrawn, and maturing in no more than twelve (12) months, provided that the
credit institution has its registered office in a non-Member State or, if the registered
office of the credit institution is situated in a Member State provided that it is subject to
prudential rules considered by the CSSF as equivalent to those laid down in Community
law;
(g)
financial derivative instruments, including equivalent cash-settled instruments, dealt in

on a Regulated Market referred to in paragraphs (a), (b) and (c); and/or OTC derivatives,
provided that:
i)
ii)
iii)
the underlying consists of instruments covered by this sub-section 1), financial

indices, interest rates, foreign exchange rates or currencies, in which the SICAV
may invest according to its investment objectives as stated in the SICAVs articles of
incorporation,
the counter-parties to OTC derivative transactions are institutions subject to
prudential supervision, and belonging to the categories approved by the CSSF, and
the OTC derivatives are subject to reliable and verifiable valuation on a daily basis
and can be sold, liquidated or closed by an offsetting transaction at any time at
their fair market value at the SICAVs initiative;
155
(h)
money market instruments other than those dealt in on a Regulated Market and
referred to in paragraphs (a) to (d) above, if the issue or issuer of such instruments is
itself regulated for the purpose of protecting investors and savings, and provided that
they are:
i)
ii)
iii)
iv)
2)
3)
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issued or guaranteed by a central, regional or local authority, a central bank of a

Member State, the European Central Bank, the European Union or the European
Investment Bank, a non-Member State or, in the case of a Federal State, by one of
the members making up the federation, or by a public international body to which
one or more Member States belong, or
issued by an undertaking any securities of which are dealt in on Regulated Markets
referred to in paragraphs (a), (b) or (c), or
issued or guaranteed by an establishment subject to prudential supervision, in
accordance with criteria defined by Community law or by an establishment which
is subject to and comply with prudential rules considered by the CSSF to be at least
as stringent as those laid down by Community law, or
issued by other bodies belonging to the categories approved by the CSSF provided
that investments in such instruments are subject to investor protection equivalent
to that laid down in the first, the second or the third indent of this paragraph (h)
and provided that the issuer is a company whose capital and reserves amount at
least to ten million euros (EUR 10,000,000.-) and which presents and publishes
its annual accounts in accordance with Fourth Directive 78/660/EEC, is an
entity which, within a group of companies which includes one or several listed
companies, is dedicated to the financing of the group or is an entity which is
dedicated to the financing of securitisation vehicles which benefit from a banking
liquidity line.
However, each Target Fund:

(a)
may invest up to 10% of the net assets of the Target Funds in transferable securities
and money market instruments other than those referred to in sub-section (1) above;
(b)
may acquire movable and immovable property which is essential for the direct pursuit of
the Target Funds business;
(c)
may not acquire either precious metals or certificates representing them; and
(d)
may hold ancillary liquid assets.
Furthermore, each Target Fund may also subscribe for, acquire and/or hold Shares issued or
to be issued by one or more other sub-funds of the SICAV, if:
(a)
the target Sub-fund does not, in turn, invest in the target fund invested in this target
Sub-fund; and
(b)
no more than 10% of the assets of the target Sub-funds whose acquisition is
contemplated may, pursuant to the Prospectus and the Articles of Incorporation, be
invested in Shares of other target Sub-funds; and
(c)
voting rights, if any, attaching to the relevant Shares are suspended for as long as they
are held by the Target Fund concerned; and
4)
(d)
in any event, for as long as these Shares are held by the relevant Target Fund, their
value will not be taken into consideration for the purposes of verifying the minimum
threshold of the net assets imposed by the 2010 Law; and
(e)
there is no duplication of management/subscription or redemption fees between those

at the level of the Target Fund having invested in the target Sub-fund, and this target
Sub-fund.
Lastly, the SICAV may also, to the widest extent permitted by the 2010 Law and all
applicable Luxembourg regulations:
(a)
(b)
(c)
create a Sub-fund qualifying as a feeder UCITS Sub-fund;

convert any existing Sub-fund into a feeder UCITS Sub-fund;
change the master UCITS of any feeder UCITS Sub-fund.
Risk diversification
5)
In accordance with the principle of risk diversification, each Target Fund will invest no more
than 10% of its net assets in transferable securities or money market instruments issued by
the same body. Each Target Fund may not invest more than 20% of its assets in deposits
made with the same body.
6)
The risk exposure to a counterparty of each Target Fund in an OTC derivative transaction
may not exceed 10% of its assets when the counterparty is a credit institution referred to in
sub-section (1)(f) above, or 5% of its assets in any other case.
7)
Moreover, the total value of the transferable securities and money market instruments
held by the Target Funds in the issuing bodies in each of which it invests more than 5%
of its assets must not exceed 40% of the value of its assets. This limitation does not apply
to deposits and OTC derivative transactions made with financial institutions subject to
prudential supervision.
8)
Notwithstanding the limits laid down in sub-sections (5) and (6) above, the Target Funds may
not combine:
i)
ii)
iii)
9)
investments in transferable securities or money market instruments issued by,

deposits made with and/or,
exposures arising from OTC derivatives transactions undertaken with a single body in
excess of 20% of its assets.
The following exceptions can be made:

(a)
The aforementioned limit of 10% can be raised to a maximum of 25% for certain debt
securities if they are issued by credit institution whose registered office is situated in a
Member State and which is subject, by virtue of law, to particular public supervision for
the purpose of protecting the holders of such debt securities. In particular, the amounts
resulting from the issue of such debt securities must be invested, pursuant to the law
in assets which sufficiently cover, during the whole period of validity of such debt
157
securities, the liabilities arising there from and which are assigned to the preferential
repayment of capital and accrued interest in the case of default by the issue. If the
Target Fund invests more than 5% of its net assets in such debt securities as referred
to above and issued by the same issuer, the total value of such investments may not
exceed 80% of the value of the Target Funds net assets.
(b)
The aforementioned limit of 10% can be raised to a maximum of 35% for transferable
securities or money market instruments issued or guaranteed by a Member State, by its
local authorities, by another Eligible or by public international bodies of which one or
more Member States are members.
(c)
The transferable securities and money market instruments referred to in exceptions (a)
and (b) are not included in the calculation of the limit of 40% laid down in sub-section
(7) above.
(d)
The limits stated under sub-sections (5) to (8) and (9)(a) and (b) above, may not be
combined and, accordingly, investments in transferable securities or money market
instruments issued by the same body or in deposits or derivatives instruments made
with this body in accordance with sub-sections (5) to(8) and (9)(a) and (b) above, may
not, in any event, exceed a total of 35% of the Target Funds net assets.
(e)
Companies which are included in the same group for the purposes of consolidated
accounts, as defined in accordance with Directive 83/349/EEC or in accordance with
recognised international accounting rules are regarded as a single body for the purpose
of calculating the limits contained in sub-sections (5) to (9).
(f)
Each Target Fund may invest in aggregate up to 20% of its assets in transferable
securities and money market instruments with the same group.
(g)
Without prejudice to the limits laid down in paragraph 14 below, the limit of 10% laid
down in paragraph 5 to 9 is raised to a maximum of 20% for investment in equity and
or debt securities issued by the same body when the aim of the investment policy of the
SICAV is to replicate the composition of a certain equity or debt securities index which is
recognised by the CSSF, on the following basis:
the composition of the index is sufficiently diversified;
the index represents an adequate benchmark for the market to which it refers; and
it is published in an appropriate manner.
This limit is 35% where that proves to be justified by exceptional market conditions in
particular in Regulated Markets where certain transferable securities or money market
instruments are highly dominant. The investment up to this limit is only permitted for a
single issuer.
10) When a transferable security or money market instrument embeds a derivative, the latter
must be taken into account when complying with the requirements of the above-mentioned
restrictions.
11) Each Target Fund is authorised to invest in accordance with the principle of risk spreading
up to 100% of its assets in different transferable securities and money market instruments
issued or guaranteed by a Member State, its local authorities, an OECD member country, a
158
G-20 member country, or public international bodies of which one or more Member State(s)
are members, provided that in such event the Target Fund must hold securities from at least
six different issues, but securities from any one issue may not account for more than 30% of
the total amount.
12) Each Target Fund has 6 months from its date of authorization to achieve compliance with
sub-sections (5) to (11) and (13).
13) (a)
Each Target Fund may acquire shares or units of UCITS and/or other UCI referred to in
sub- section (1)(e). However, when a Target Fund invests in units of UCITS or other UCIs
for more than 10% of its assets according to sub-section (1)(e)(v), no more than 20%
of its assets can be invested in a single UCITS or other UCI.
For the purposes of applying this investment limit, each Target Fund of a UCI with
multiple Sub-funds, within the meaning of Article 181 of the 2010 Law, shall
be considered as a separate entity, provided that the principle of segregation of
commitments of the different Sub-funds is ensured in relation to third parties.
Investments made in shares or units of UCI other than UCITS may not exceed, in
aggregate, 30% of the assets of the relevant Target Fund.
When the Target Fund has acquired shares or units of UCITS and/or other UCIs, the
assets of the respective UCITS or other UCI do not have to be combined in the view of
the limits laid down in sub-sections (5) to (9) (a) to (f).
(b)
When the Target Fund invests in the shares or units of other UCITS and/or other UCIs
that are managed, directly or by delegation, by the same management company or
by any other company to which the management company is linked by common
management or control or by a substantial direct or indirect holding, that management
company or other company may not charge any management fee nor any subscription
or redemption fees on account of the UCITS investment in the units of other UCITS
and/or other UCI.
14) The SICAV will not acquire any shares carrying voting rights which would enable it to
exercise significant influence over the management of an issuing body.
15) The SICAV may not acquire more than:
10% of non-voting shares of the same issuer,
10% of the debt securities issued by the same issuer,
25% of the units of the same UCITS and/or other UCI or
10% of the money market instruments of the same issuer.
The limits laid down in the second, third and fourth indents may be disregarded at the time of
acquisition if at that time the gross amount of debt securities or money market instruments,
or the net amount of the securities in issue, cannot be calculated.
159
16) The limits of sub-sections (14) and (15) above are waived as to:
(a)
transferable securities and money market instruments issued or guaranteed by a

Member State or its local authorities;
(b)
transferable securities and money market instruments issued or guaranteed by a nonMember State;
(c)
transferable securities and money market instruments issued by public international

bodies of which one or more Member States are members;
(d)
shares held in the capital of a company incorporated in a non-Member State and

investing its assets mainly in securities of issuers having their registered office in that
State, if under the legislation of that State such a holding represents the only way
in which the Target Fund can invest in the securities of the issuers of that State. This
derogation only applies if the company has an investment policy complying with subsections (5) to (9) (a) to (f) as well as sub-sections (13) to (15) above. If the limits stated
in sub-sections (5) to (9) (a) to (f) and (13) above are exceeded, the provisions laid down
in (11) and (20) shall apply mutatis mutandis;
(e)
shares held by the Target Funds in the capital of one or more subsidiary companies
carrying on only the business of management, advice or marketing in the country/state
where the subsidiary is located, in regard to the repurchase of units at shareholders
request exclusively on its or their behalf.
17) Any Target Fund may not borrow more than 10% of its total net assets, and then only from
financial institutions and on a temporary basis. Each Target Fund may, however, acquire
foreign currency by means of a back to back loan. Each Target Fund will not purchase
securities while borrowings are outstanding in relation to it, except to fulfil prior commitments
and/or exercise subscription rights. However, each Target Fund can borrow up to 10% of its
net assets to make possible the acquisition of immovable property essential for the direct
pursuit of its business. In this case, these borrowings and those referred to above (temporary
borrowings) may not in any case in total exceed 15% of the Target Funds net assets.
18) The SICAV may not grant credits or act as guarantor for third parties. This limitation does not
prevent the SICAV to purchase securities that are not fully paid up, nor to lend securities as
further described thereunder. This limitation does not apply to margin payments on option
deals and other similar transactions made in conformity with established market practices.
19) Each Target Fund will not purchase any securities on margin (except that the Target Fund
may obtain such short-term credit as may be necessary for the clearance of purchases and
sales of securities) or make short sales of securities or maintain a short position. Deposits
on other accounts in connection with options, forward or financial futures contracts, are,
however, permitted within the limits provided for here below.
20) The board of directors is authorised to introduce further investment restrictions at any time
in the interests of the Shareholders, provided these are necessary to ensure compliance with
the laws and regulations of those countries in which the SICAVs Shares are offered and sold.
In this event, the prospectus will be updated accordingly.
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21) If any of the above limitations are exceeded for reasons beyond the control of the SICAV
and/or each Target Fund or as a result of the exercise of subscription rights attaching to
transferable securities or money market instruments, the SICAV and/or each Target Fund
must adopt, as a priority objective, sales transactions for the remedying of that situation,
taking due account of the interests of its Shareholders.
(22) For a Target Fund registered with the Taiwan Securities and Future Commission, the
following investment restrictions for derivative (as may be amended from time to time) shall
apply:
(a) The global risk exposure of netted derivatives open position that the Target Funds holds
for purpose of increasing investment yield shall not be over 40% of the NAV of the
Target Funds;
(b) The total contract value of the derivatives short position that the Target Funds holds for
hedging purposes shall not exceed the total markets value of the hedged assets.
Risk Warning
(23) The SICAV must not neglect the following risks/terms that are linked to the investment in
units of other open-ended and closed-ended UCI:
(a) If the investment is done in another open-ended or closed-ended UCI which is not
subject to any permanent control for the protection of the investors, required by
2010 Law and carried out by a supervisory authority in its home country, there is less
protection against possible losses.
(b) Due to possible legal, contractual or juridical constraints, the possibility exists that the
investments in other open-ended and closed-ended UCI may only be sold with difficulty.
(c) In relation to the investment in other open-ended and closed-ended UCI which are not
linked to the SICAV in the manner described under sub-section (13)(b) above, the SICAV
must bear the usual commissions relating to the units of these UCI.
RISK MANAGEMENT
Efficient Portfolio Management
The SICAV may use financial derivative instruments as set forth in Appendix 4, sub section (1)
(g), extensively for hedging and efficient portfolio management purposes. Notwithstanding the
above, financial derivative instruments will not be used for investment purposes (i.e. entering into
financial derivatives instruments to achieve the investment objectives). Should the management
company, on behalf of the SICAV decide to enter into derivative transactions for other purposes
than hedging and/or efficient portfolio management, the investment policy of the relevant SubFund(s) will be amended accordingly.
The management company, on behalf of the SICAV may, for each Target Fund, for the purpose
of efficient portfolio management of the assets of the respective Target Fund and/or to protect its
assets and commitments, employ certain techniques and instruments as set in appendix 5.
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Efficient portfolio management transactions may not include speculative transactions. These
transactions must be economically appropriate (this implies that they are realised in a costeffective way) and be entered into for one or more of the following specific aims:
the reduction of risks;
the reduction of cost; or
the generation of additional capital gain or income for the fund with an appropriate level
of risk, taking into account its risk profile and the risk diversification rules laid down in the
investment restrictions.
In addition to the above, the management company, on behalf of the SICAV may, for each Target
Fund, use derivatives to facilitate more complex efficient portfolio management techniques. In
particular this may involve:
using swap contracts to adjust interest rate risk;
using currency derivatives to buy or sell currency risk;
writing covered call options to generate additional income;
using credit default swaps to buy or sell credit risk; and
using volatility derivatives to adjust volatility risk
The relating risks of these transactions must be adequately captured by the risk management
process.
The management company, on behalf of the SICAV must ensure that the overall risk associated
with derivatives does not exceed the net assets of the relevant Target Fund. The following are
taken into account in computing risk: the market value of the underlying instruments, the risk of
default, future foreseeable market developments and the period within which the positions are to
be liquidated. This also applies to the following two points:
In the case of investments in derivatives, the overall exposure for the underlying instruments
may not exceed the investment limits set forth in the investment restrictions. Investments in
index-based derivatives need not be taken into account in the case of the investment limits
set forth in the investment restrictions.
If a derivative has a security or money market instrument as the underlying, it has to be
taken into account with regard to compliance with the rules set forth under the investment
restrictions.
In no case whatsoever must recourse to transactions involving derivatives or other financial
techniques and instruments cause the management company, on behalf of the SICAV to depart
from the investment objectives set out in the prospectus or add substantial supplementary risks in
comparison to the SICAVs general risk policy (as described in the prospectus).
In addition, the financial derivative instruments used for efficient portfolio management purposes
must comply with the provisions contained in the investment restrictions.
162
Securities lending transactions, sales with a right of repurchase transactions, reverse

repurchase transactions, and/or repurchase transactions
The management company, on behalf of the SICAV may, for each Target Fund, for the purpose
of efficient portfolio management and/or for hedging purpose, engage in securities lending
transactions, sales with a right of repurchase transactions, reverse repurchase transactions and/
or repurchase transactions (as those terms are defined in the CSSF Circular 08/356 on the rules
applicable to undertakings for collective investment when they employ certain techniques and
instruments relating to transferable securities and money market instruments (the Circular)),
subject to the provisions set forth in the Circular.
Under the conditions set forth in the Circular, cash collateral received by the company in relation
to securities lending transactions, sales with a right of repurchase transactions and/or reverse
repurchase transactions/repurchase transactions may be reinvested in:
shares or units in money market UCIs calculating a daily net asset value and being assigned a
rating of AAA or its equivalent;
short-term bank deposits;
money market instruments as defined in Directive 2007/16/EC of 19 March 2007;
short-term bonds issued or guaranteed by a Member State of the European Union,
Switzerland, Canada, Japan or the United States or by their local authorities or by
supranational institutions and undertakings with EU, regional or worldwide scope;
bonds issued or guaranteed by first class issuers offering an adequate liquidity;
reverse repurchase agreement transactions according to the provisions described under
section I (C)(a) of the Circular.
Commitment Approach
The method used to calculate the global exposure of the Target Funds is the commitment
approach.
163
FUND PERFORMANCE
Performance as at 31 December 2013 (%)
1 year
3 years
5 years
Since Launch
The Fund
(Launch date: 17 Oct 2005)
(0.97)
(3.81)
14.84
12.37
Benchmark:
50% MSCI China + 50% MSCI India
0.59
(3.15)
13.62
12.30
Source: Eastspring Investments (Singapore) Limited and Bloomberg

1 year
3 years
5 years
Since Launch
The Fund
(Launch date: 26 May 2011)
(21.71)
(9.60)
Benchmark:
Jakarta Composite Index USD
(20.06)
(6.54)
Source: Eastspring Investments (Singapore) Limited and Bloomberg

Direct Fees charged by the Target Funds
Sales charge: 5.00%
Redemption: Nil
Note:
All sales charge levied by Eastspring Investments - Dragon Peacock Fund on any investments
made by Eastspring Investments Asia Select Income Fund into Eastspring Investments - Dragon
Peacock Fund shall be waived.
All sales charge levied by Eastspring Investments Indonesia Equity Fund on any investments made
by Eastspring Investments Indonesia Equity MY Fund into Eastspring Investments - Indonesia
Equity Fund shall be waived.
164
Indirect Fees charged by the Target Funds

Annual management fee: Nil
Note: As all the funds will be invested into Class D shares, no annual management fee will be
charged on the Target Fund level.
Other fees charged by the Target Funds

:
Up to 0.09% p.a.
Fund Administration fee :
Custodian fee
Up to 0.02% p.a.
Transfer Agency fee
Up to 0.01% p.a.
Luxembourg tax
Up to 0.01% p.a.

Custodian fee
Up to 0.12% p.a.
Fund Administration fee :
Up to 0.02% p.a.
Transfer Agency fee
Up to 0.01% p.a.
Luxembourg tax
Up to 0.01% p.a.
Operating expenses, including without limitation the costs of buying and sellling securities,
governmental charges, legal and auditing fees, interest, printing, reporting and publication
expenses, paying agency fees, postage and telephone.
Investors should note the above higher fees arising from the layered investment
structure of these Target Funds.
165
M&G - GLOBAL LEADERS AND M&G - GLOBAL BASICS

About M&G
Since M&G Securities Limited was established in 1931, it has firmly believed in offering its
customers straightforward products, together with clear and balanced information, to help them
make the right investment decisions for their needs. M&G is one of the largest active investors in
the UK with over 244 billion of funds under management as at 31 December 2013. In March
1999, M&G was acquired by Prudential plc, one of the largest financial services providers in the
UK and Europe - it remains an autonomous business unit within the Prudential Group. In addition
to its retail fund business, M&G functions as the asset manager for Prudential in Europe.
M&G Securities Limited is the management company for the Target Funds. The management
company is a private company limited by shares incorporated in England and Wales under
the Companies Acts 1862 and 1900 on 12 November 1906 is responsible for managing and
administering the companys affairs in compliance with the regulations. The Target Funds are
managed by M&G Investment Management Limited and the custodian of the Target Funds is
State Street Bank and Trust Company.
M&G Investment Funds (1) is an open-ended investment company with variable capital,
incorporated in England and Wales under registered number IC 110 and authorised by the
Financial Conduct Authority (FCA) with effect from 6 June 2001. The company has been
established for an unlimited duration. The company has been certified by the FCA as complying
with the conditions necessary for it to enjoy the rights conferred by the European Commission
Directive on undertakings for UCITS.
The M&G Global Leaders Fund seeks to maximise long term total returns (the combination of
income and growth of capital). The fund invests in a wide range of global equities issued by
companies that the fund manager considers to be, or have the potential to be, leading in their
field in terms of improving shareholder value.
The M&G Global Basics Fund is a global equity fund which invests wholly or mainly in companies
operating in basic industries (primary and secondary industries) and also in companies that
service these industries. The fund may also invest in other global equities. The sole aim of the
fund is long-term capital growth.
166
INVESTMENT STRATEGY
The M&G Global Leaders Fund is a distinctive global equity fund with a clear investment strategy.
The fund manager selects stocks from across the global equities universe that is undergoing
positive internal change leading to improvements in return on capital.
The approach has three core tenets: i) management can make a big difference to returns; ii)
capital allocation is key - companies must concentrate resources on those business activities where
they have a competitive advantage and can create value; iii) the above factors are only attractive
from an investment perspective if they must not yet be reflected in the share price.
Stocks are selected on a bottom-up basis; the fund manager tends to avoid imposing top-down
views on sector, country or currency selections, but will take into account macroeconomic factors
where they impact on a particular stock or the risk profile of the broader portfolio. The fund
usually holds between 50 and 80 stocks, with a typical holding period of three to five years.
The M&G Global Basics Fund invests in companies considered to be the building blocks of the
worlds economy. A key aspect to the stock selection process involves the assessment of structural
trends in the global economy and the identification of those companies that are positioned to
benefit.
This approach is illustrated by the M&G Global Basics curve of economic development concept,
which represents the changing needs of an economy at different stages of development. As the
structural shift in economic power towards emerging markets continues to build momentum,
the rising incomes and increasingly sophisticated demands of the consumer combine to create
an emerging middle class. As nations move up the curve, basic demands for food and shelter
are accompanied by increasing appetite for additional goods and services. The fund can gain
exposure to such themes by investing in high quality, well established companies that are able to
capitalise on such trends through their global operations.
Given the funds unconstrained mandate, the fund manager has the flexibility to move up
and down the curve of economic development, based on where he thinks valuation levels are
most attractive. This includes examining a companys asset base, competitive position, business
model, financial strength and management ability. Meeting company management is key to his
approach. The fund manager seeks management teams who are able to execute an intelligent
business strategy and whose interests are clearly aligned with those of the firms shareholders. The
fund manager employs a long-term investment horizon in order to capitalise on these themes
and is quite prepared to hold companies whose merits are not yet fully recognised by the market.
167
General rules of investment

1.1
The instrument of incorporation permits the ACD to utilise the investment and
borrowing powers permitted by a UCITS scheme which complies with Chapter 5 of
COLL. The ACD manages the Target Funds in accordance with the investment and
borrowing powers set out below.
1.2
The ACDs investment policy may mean that at times, where it is considered
appropriate, the property of the Target Fund will not be fully invested and that prudent
levels of liquidity will be maintained.
Prudent spread of risk

2.1
The ACD must ensure that, taking account of the investment objectives and policy of
the Target Funds, the scheme property of the Target Fund aims to provide a prudent
spread of risk.
Treatment of obligations
3.1
Where the COLL Sourcebook allows a transaction to be entered into or an investment

to be retained only (for example, investment in warrants and nil and partly paid
securities and the general power to accept or underwrite) if possible obligations arising
out of the investment transactions or out of the retention would not cause any breach
of any limits in COLL 5, it must be assumed that the maximum possible liability of the
company under any other of those rules has also to be provided for.
3.2
Where a rule in the COLL Sourcebook permits an investment transaction to be entered

into or an investment to be retained only if that investment transaction, or the
retention, or other similar transactions, are covered:
3.2.1 It must be assumed that in applying any of those rules, each Sub-fund must
also simultaneously satisfy any other obligation relating to cover; and
3.2.2 no element of cover must be used more than once.
UCITS schemes: permitted types of scheme property

4.1
The scheme property of a Sub-fund must, subject to its investment objective and policy
and except where otherwise provided by COLL 5, consist solely of any or all of:
4.1.1 transferable securities;
4.1.2 approved money market instruments;
4.1.3 units in collective investment schemes;
4.1.4 derivatives and forward transactions;
4.1.5 deposits; and
4.1.6 movable and immovable property that is necessary for the direct pursuit of the
Companys business; in accordance with the rules in COLL 5.2.
4.2
168
The requirements on spread do not apply until the expiry of a period of six months
after the date of effect of the authorization order in respect of the Target Funds (or on
which the initial offer commenced if later) provided that the requirement to maintain
prudent spread of risk is complied with.
4.3 It is not intended that any Target Fund will have an interest in any immovable property
or tangible movable property.
5
Transferable Securities
5.1
A transferable security is an investment falling within article 76 (Shares etc), article

77 (Instruments creating or acknowledging indebtedness), article 77A (alternative
debenture), article 78 (Government and public securities), article 79 (Instruments giving
entitlement to investments) and article 80 (Certificates representing certain securities)
of the Regulated Activities Order.
5.2
An investment is not a transferable security if the title to it cannot be transferred, or

can be transferred only with the consent of a third party.
5.3
In applying paragraph 5.2 to an investment which is issued by a body corporate,

and which is an investment falling within articles 76 (Shares, etc) or 77 (Instruments
creating or acknowledging indebtedness) or article 77A (alternative debenture), of the
Regulated Activities Order, the need for any consent on the part of the body corporate
or any members or debenture holders of it may be ignored.
5.4
An investment is not a transferable security unless the liability of the holder of it to

contribute to the debts of the issuer is limited to any amount for the time being unpaid
by the holder of it in respect of the investment.
Investment in transferable securities

6.1
A Target Fund may invest in a transferable security only to the extent that the
transferable security fulfils the following criteria:
6.1.1 the potential loss which the Target Fund may incur with respect to holding the
transferable security is limited to the amount paid for it;
6.1.2 its liquidity does not compromise the ability of the ACD to comply with its
obligation to redeem units at the request of any qualifying Shareholder (see
COLL 6.2.16R(3));
6.1.3 reliable valuation is available for it as follows:
6.1.3.1
in the case of a transferable security admitted to or dealt in an

eligible market, where there are accurate, reliable and regular prices
which are either market prices or prices made available by valuation
systems independent from issuers;
6.1.3.2
in the case of a transferable security not admitted to or dealt in on an

eligible market, where there is a valuation on a periodic basis which is
derived from information from the issuer of the transferable security
or from competent investment research;
169
6.1.4 appropriate information is available for it as follows:

6.1.4.1
in the case of a transferable security admitted to or dealt in on an

eligible market, where there is regular, accurate and comprehensive
information available to the market on the transferable security or,
where relevant, on the portfolio of the transferable security;
6.1.4.2
in the case of a transferable security not admitted to or dealt in on

an eligible market, where there is regular and accurate information
available to the ACD on the transferable security or, where relevant,
on the portfolio of the transferable security;
6.1.5 It is negotiable; and

6.1.6 its risks are adequately captured by the risk management process of the ACD.
6.2
Unless there is information available to the ACD that would lead to a different
determination, a transferable security which is admitted to or dealt in on an eligible
market shall be presumed:
6.2.1 not to compromise the ability of the ACD to comply with its obligation to
redeem shares at the request of any qualifying Shareholder; and
6.2.2 to be negotiable.
6.3
7
Not more than 5% in value of a Target Fund is to consist of warrants.
Closed end funds constituting transferable securities

7.1
A unit in a closed end fund shall be taken to be a transferable security for the purposes
of investment by a Target Fund, provided it fulfills the criteria for transferable securities
set out in paragraph 6 (investment in transferable securities), and either:
7.1.1 where the closed end fund is constituted as an investment company or a unit
trust:
7.1.1.1
it is subject to corporate governance mechanisms applied to

companies; and
7.1.1.2
where another person carries out asset management activity on its

behalf, that person is subject to national regulation for the purpose
of investor protection; or
7.1.2 where the closed end fund is constituted under the law of contract:
it is subject to corporate governance mechanisms equivalent to those

applied to companies; and
7.1.2.2
it is managed by a person who is subject to national regulation for

the purpose of investor protection.
Transferable securities linked to other assets

8.1
170
7.1.2.1
A Target Fund may invest in any other investment which shall be taken to be a
transferable security for the purposes of investment by a Target Fund provided the
investment:
8.1.1 fulfils the criteria for transferable securities set out in paragraph 6 (investment
in transferable securities) above; and
8.1.2 is backed by or linked to the performance of other assets, which may differ
from those in which a Target Fund can invest.
8.2
Where an investment in 8.1 contains an embedded derivative component (see COLL

5.2.19R(3A)), the requirements of COLL 5 with respect to derivatives and forwards will
apply to that component.
Approved Money Market Instruments

9.1
An approved money market instrument is a money market instrument which is

normally dealt in on the money market, is liquid and has a value which can be
accurately determined at any time.
9.2
A money market instrument shall be regarded as normally dealt in on the money

market if it:
9.2.1 has a maturity at issuance of up to and including 397 days;
9.2.2 has a residual maturity of up to and including 397 days;
9.2.3 undergoes regular yield adjustments in line with money market conditions at
least every 397 days; or
9.2.4 have a risk profile, including credit and interest rate risks, corresponding to that
of an instrument which has a maturity as set out in 9.2.1 or 9.2.2 or is subject
to yield adjustments as set out in 9.2.3.
9.3
A money market instrument shall be regarded as liquid if it can be sold at limited cost
in an adequately short time frame, taking into account the obligation of the ACD to
redeem units at the request of any qualifying Shareholder (see COLL 6.2.16R(3).
9.4
A money market instrument shall be regarded as having a value which can be

accurately determined at any time if accurate and reliable valuations systems, which
fulfill the following criteria, are available:
9.4.1 enabling the ACD to calculate a net asset value in accordance with the value
at which the instrument held in the portfolio could be exchanged between
knowledgeable willing parties in an arms length transaction; and
9.4.2 based either on market data or on valuation models including systems based on
amortised costs.
9.5
A money market instrument that is normally dealt in on the money market and is
admitted to or dealt in on an eligible market shall be presumed to be liquid and have
a value which can be accurately determined at any time unless there is information
available to the ACD that would lead to a different determination.
171
10
Transferable securities and money market instruments generally to be admitted or

dealt in on an Eligible Market
10.1 Transferable securities and approved money market instruments held within a Target
Fund must be:
10.1.1
admitted to or dealt on an eligible market (as described in paragraph 11.3); or
10.1.2
dealt on an eligible market as described (in paragraph 11.3.2).
10.1.3
for an approved money market instrument not admitted to or dealt in on an

eligible market within 12.1; or
10.1.4
recently issued transferable securities provided that:

10.1.4.1 the terms of issue include an undertaking that application will be
made to be admitted to an eligible market; and
10.1.4.2 such admission is secured within a year of issue.
10.2 However, a Target Fund may invest no more than 10% of the scheme property in
transferable securities and approved money market instruments other than those
referred to in 10.1
11
Eligible markets regime: purpose

11.1 To protect investors the markets on which investments of the Target Fund are dealt in
or traded on should be of an adequate quality (eligible) at the time of acquisition of
the investment and until it is sold.
11.2 Where a market ceases to be eligible, investments on that market cease to be
approved securities. The 10% restriction on investing in non approved securities
applies and exceeding this limit because a market ceases to be eligible will generally be
regarded as an inadvertent breach.
11.3 A market is eligible for the purposes of the rules if it is:
11.3.1 a regulated market; or
11.3.2 a market in an EEA State which is regulated, operates regularly and is open to
the public; or
11.3.3 any market within 11.4.
11.4 A market not falling within paragraph 11.3 is eligible for the purposes of Chapter 5
of the Open-Ended Investment Companies Regulations 2001 and the rules contained
in the Collective Investment Schemes Sourcebook published by the FCA as part of its
Handbook of Rules and Guidance (Regulations) if:
11.4.1 the ACD, after consultation and notification with the depositary, decides that
market is appropriate for investment of or dealing in the scheme property;
11.4.2 the market is included in a list in the prospectus; and
11.4.3 the depositary has taken reasonable care to determine that:
(a)
172
adequate custody arrangements can be provided for the investment dealt

in on that market; and
(b)
all reasonable steps have been taken by the ACD in deciding whether that
market is eligible.
11.5 In paragraph 11.4, a market must not be considered appropriate unless it is regulated,
operates regularly, is recognised as a market or exchange or as a self-regulatory
organisation by an overseas regulator, is open to the public, is adequately liquid and
has adequate arrangements for unimpeded transmission of income and capital to or
for the order of investors.
11.6 The eligible markets for each Sub-fund are set out in appendix 3.
12
Money market instruments with a regulated issuer

12.1 In addition to instruments admitted to or dealt in on an eligible market, a Target Fund
may invest in an approved money market instrument provided it fulfills the following
requirements:
12.1.1
12.1.2
the issue or the issuer is regulated for the purpose of protecting investors and
savings; and
the instrument is issued or guaranteed in accordance with paragraph 13
(issuers and guarantors of money market instruments).
12.2 The issue or the issuer of a money market instrument, other than one dealt in on an
eligible market, shall be regarded as regulated for the purpose of protecting investors
and savings if:
12.2.1
The instrument is an approved money market instrument;
12.2.2
Appropriate information is available for the instrument (including information

which allows an appropriate assessment of the credit risks related to
investment in it), in accordance with paragraph 14 (appropriate information
for money market instruments); and
12.3 the instrument is freely transferable.

13
Issuers and guarantors of money market instruments

13.1 A Target Fund may invest in an approved money market instrument if it is:
13.1.1
Issued or guaranteed by any one of the following:

13.1.1.1 a central authority of an EEA State or, if the EEA State is a federal
state, one of the members making up the federation;
13.1.1.2 regional or local authority of an EEA State;
13.1.1.3 the European Central Bank or a central bank of an EEA State;
13.1.1.4 the European Union or the European Investment Bank;
13.1.1.5 a non-EEA State or, in the case of a federal state, one of the
members making up the federation;
13.1.1.6 public international body to which one or more EEA States belong;
or
173
13.1.2
Issued by a body, any securities of which are dealt in on an eligible market; or
13.1.3
Issued or guaranteed by an establishment which is:

13.1.3.1 subject to prudential supervision in accordance with criteria
defined by European Community law; or
13.1.3.2 subject to and complies with prudential rules considered by the
FCA to be at least as stringent as those laid down by European
Community law.
13.2 An establishment shall be considered to satisfy the requirement in 13.1.3.2 if it is

subject to and complies with prudential rules, and fulfils one or more of the following
criteria:
14
13.2.1
It is located in the European Economic Area;
13.2.2
It is located in an OECD country belonging to the Group of Ten;
13.2.3
It has at least investment grade rating;
13.2.4
on the basis of an in-depth analysis of the issuer, it can be demonstrated that

the prudential rules applicable to that issuer are at least as stringent as those
laid down by European Community law.
Appropriate information for money market instruments

14.1 In the case of an approved money market instrument within 13.1.2 or issued by a body
of the type referred to in COLL 5.2.10E(G); or which is issued by an authority within
13.1.1.2 or a public international body within 13.1.1.6 but is not guaranteed by a
central authority within 13.1.1.1, the following information must be available:
14.1.1
information on both the issue or the issuance programme, and the legal and
financial situation of the issuer prior to the issue of the instrument, verified by
appropriately qualified third parties not subject to instructions from the issuer;
14.1.2
updates of that information on a regular basis and whenever a significant

event occurs; and
14.1.3
available and reliable statistics on the issue or the issuance programme.
14.2 In the case of an approved money market instrument issued or guaranteed by an

establishment within 13.1.3, the following information must be available:
14.2.1
information on the issue or the issuance programme or on the legal and

financial situation of the issuer prior to the issue of the instrument;
14.2.2
updates of that information on a regular basis and whenever a significant

event occurs; and
14.2.3
available and reliable statistics on the issue or the issuance programme, or

other data enabling an appropriate assessment of the credit risks related to
investment in those instruments.
14.3 In the case of an approved money market instrument:

14.3.1
174
within 13.1.1.1, 13.1.1.4 or 13.1.1.5; or
14.3.2
15
which is issued by an authority within 13.1.1.2 or a public international body

within 13.1.1.6 and is guaranteed by a central authority within 13.1.1.1;
information must be available on both the issue or the issuance programme,
and on the legal and financial situation of the issuer prior to the issue of the
instrument.
Spread: general
15.1 This rule on spread does not apply to government and public securities.
15.2 For the purposes of this requirement companies included in the same group for the
purposes of consolidated accounts as defined in accordance with Directive 83/349/
EEC or in the same group in accordance with international accounting standards are
regarded as a single body.
15.3 Not more than 20% in value of the scheme property is to consist of deposits with a
single body.
15.4 Not more than 5% in value of the scheme property is to consist of transferable
securities issued by any single body.
15.5 The limit of 5% in paragraph 15.4 is raised to 10% in respect of up to 40% in value
of the scheme property. Covered bonds need not to be taken into account for the
purpose of applying the limit of 40%.
15.6 The limit of 5% in 15.4 is raised to 25% in value of the scheme property in respect of
covered bonds, provided that when a Target Fund invests more than 5% in covered
bonds issued by a single body, the total value of covered bonds held must not exceed
80% in value of the scheme property.
15.7 In applying paragraphs 15.4 and 15.5 certificates representing certain securities are
treated as equivalent to the underlying security.
15.8 The exposure to any one counterparty in an OTC derivative transaction must not
exceed 5% in value of the scheme property; this limit being raised to 10% where the
counterparty is an approved bank.
15.9 Not more than 20% in value of the scheme is to consist of transferable securities
and approved money market instruments issued by the same group (as referred to in
paragraph 15.2).
15.10 Subject to paragraph 23 (Concentration) in applying the limits in paragraphs 15.4,
15.5, 15.7 and 15.9, and subject to 15.6, not more than 20% in value of the scheme
property is to consist of any combination of two or more of the following:
15.10.1 transferable securities (including covered bonds) or approved money market
instruments issued by; or
15.10.2 deposits made with; or
15.10.3 exposures from OTC derivatives transactions made with; a single body.
175
16
Counterparty risk and issuer concentration

16.1 The ACD must ensure that counterparty risk arising from an OTC derivative is subject
to the limits set out in paragraphs 15.8 and 15.10 above.
16.2 When calculating the exposure of a Sub-fund to a counterparty in accordance with the
limits in paragraph 15.8 the ACD must use the positive mark-to-market value of the
OTC derivative contract with that counterparty.
16.3 The ACD may net the OTC derivative positions of a sub-fund with the same
counterparty, provided they are able legally to enforce netting agreements with the
counterparty on behalf of the Fund.
16.4 The netting agreements in paragraph 16.3 above are permissible only with respect to
OTC derivatives with the same counterparty and not in relation to any other exposures
the sub-fund may have with that same counterparty.
16.5 The ACD may reduce the exposure of scheme property to a counterparty of an OTC
derivative through the receipt of collateral. Collateral received must be sufficiently
liquid so that it can be sold quickly at a price that is close to its pre-sale valuation.
16.6 The ACD must take collateral into account in calculating exposure to counterparty risk
in accordance with the limits in paragraph 15.8 when it passes collateral to an OTC
counterparty on behalf of a sub-fund.
16.7 Collateral passed in accordance with paragraph 16.6 may be taken into account on
a net basis only if the ACD is able legally to enforce netting arrangements with this
counterparty on behalf of that Sub-fund.
16.8 The ACD must calculate the issuer concentration limits referred to in paragraph 15
on the basis of the underlying exposure created through the use of OTC derivatives
pursuant to the commitment approach.
16.9 In relation to the exposure arising from OTC derivatives as referred to in paragraph
15.10 the ACD must include any exposure to OTC derivative counterparty risk in the
calculation.
17
Spread: Government and public securities

17.1 The above restrictions do not apply to Government and public securities. The
restrictions in relation to such securities are set out below (such securities).
17.2 Where no more than 35% in value of the scheme property is invested in such securities
issued by any one body, there is no limit on the amount which may be invested in such
securities or in any one issue.
17.3 Subject to its investment objective and policy, a Target Fund may invest more than 35%
in value of the scheme property in such securities issued by any one body provided
that:
17.3.1
176
the ACD has before any such investment is made consulted with the
depositary and as a result considers that the issuer of such securities is one
which is appropriate in accordance with the investment objectives of the
authorised fund;
17.3.2
no more than 30% in value of the scheme property consists of such securities
of any one issue;
17.3.3
the scheme property includes such securities issued by that or another issuer,
of at least six different issues;
17.3.4
the disclosures required by the FSA have been made.
17.4 The rules in paragraph 17.3 apply to the Target Fund only where that Target Funds
investment objective and policy specifically states more than 35% of the scheme
property of that Target Fund is or may be invested in certain securities (which are listed
in the investment objective and policy).
17.5 In relation to such securities:
17.5.1
issue, issued and issuer include guarantee, guaranteed and guarantor; and
17.5.2
an issue differs from another if there is a difference as to repayment date, rate

of interest, guarantor or other material terms of the issue.
17.6 Notwithstanding paragraph 16.1 above, and subject to paragraphs 17.2 and 17.3, in
applying the 20% limit in 15.10 with respect to a single body, government and public
securities issued by that body shall be taken into account.
18
Investment in collective investment Schemes

18.1 Up to 5% in value of the property of a Target Fund may be invested in units or shares
in one or more:
18.1.1
UCITS schemes; or
18.1.2
certain recognised schemes, as defined in s270 the Financial Services and

Markets Act 2000, subject in each case that certain conditions are met and in
particular that the second scheme has terms which prohibit more than 10%
in value of the scheme property consisting of units in collective investment
schemes.
18.2 Subject to the rules in COLL 5.2.16R and the value stated in 18.1 above, investments
in collective investment schemes may be in schemes which are managed or operated
by (or, in the case of companies incorporated under the OEIC Regulations, have as their
authorised corporate director) the ACD or an associate of the ACD.
18.3 A Traget Fund may invest in or dispose of shares in another Sub-fund of the company
(the second Sub-fund) provided that the second Sub-fund does not hold shares in any
other Sub-fund in the Company.
19
Investment in nil and partly paid securities

A transferable security or an approved money market instrument on which any sum is
unpaid falls within a power of investment only if it is reasonably foreseeable that the amount
of any existing and potential call for any sum unpaid could be paid by the Target Fund, at the
time when payment is required, without contravening the rules in Chapter 5 of COLL.
177
20
Risk Management
20.1 The ACD must use a risk management process, enabling it to monitor and measure at
any time the risk of a Target Funds positions and their contribution to the overall risk
portfolio of the Target Fund.
20.2 The following details of the risk management process must be regularly notified by the
ACD to the FCA and at least on an annual basis:
21
20.2.1
a true and fair view of the types of derivatives and forward transactions to
be used within a Target Fund together with their underlying risks and any
relevant quantitative limits; and
20.2.2
the methods for estimating risks in derivative and forward transactions.
Investment in deposits
The Company may invest in deposits only with an Approved Bank and which are repayable
on demand or have the right to be withdrawn, and maturing in no more than 12 months.
22
Significant influence
22.1 The Company must not acquire transferable securities issued by a body corporate
and carrying rights to vote (whether or not on substantially all matters) at a general
meeting of that body corporate if:
22.2 immediately before the acquisition, the aggregate of any such securities held by the
Target Fund gives the Target Fund power significantly to influence the conduct of
business of that body corporate; or
22.3 the acquisition gives the Company that power.
22.4 For the purpose of paragraph 22.3, the Company is to be taken to have power
significantly to influence the conduct of business of a body corporate if it can, because
of the transferable securities held by it, exercise or control the exercise of 20% or
more of the voting rights in that body corporate (disregarding for this purpose any
temporary suspension of voting rights in respect of the transferable securities of that
body corporate).
23
Concentration
The company:
23.1 must not acquire transferable securities (other than debt securities) which:
23.1.1
do not carry a right to vote on any matter at a general meeting of the body
corporate that issued them; and
23.1.2
represent more than 10% of those securities issued by that body corporate;
23.2 must not acquire more than 10% of the debt securities issued by any single body;
23.3 must not acquire more than 25% of the units in a collective investment scheme;
23.4 must not acquire more than 10% of the approved money market instruments issued
by any single body; and
178
23.5 need not comply with the limits in paragraphs 23.2 to 23.4 if, at the time of
acquisition, the net amount in issue of the relevant investment cannot be calculated.
24
Use of derivatives - efficient portfolio management

24.1 The Company may use its property to enter into derivatives transactions but only for
the purposes of efficient portfolio management (EPM) as set out in this paragraph 24
and may enter into any transaction to hedge (i.e. with the purpose of preserving the
value of an asset or assets of a sub-fund).
24.2 A transaction in a derivative must:
24.2.1
have the underlying consisting of any or all of the following to which the
scheme is dedicated:
24.2.1.1 transferable securities permitted under paragraph 10 (Transferable
securities and money market instruments generally to be admitted
or dealt in on an Eligible Market);
24.2.1.2 approved money market instruments permitted under paragraph
10 (Transferable securities and money market instruments generally
to be admitted or dealt in on an Eligible Market) above;
24.2.1.3 deposits permitted under paragraph 21 (investment in deposits) ;
24.2.1.4 derivatives permitted under this rule;
24.2.1.5 collective investment scheme units permitted under paragraph 19
(investment collective investment schemes) above;
24.2.1.6 financial indices which satisfy the criteria set out at COLL 5.2.20AR
(financial indices underlying derivatives);
24.2.1.7 interest rates;
24.2.1.8 foreign exchange rates; and
24.2.1.9 currencies; and
24.2.2
the transaction must be covered in accordance with paragraph 25 below; and
24.2.3
the exposure to the underlying assets must not exceed the limits set out in
paragraphs 15 and 17.
24.3 Permitted EPM transactions (excluding stock lending arrangements) are transactions in
derivatives (i.e. options, futures or contracts for differences) dealt in or traded on an
approved derivatives market; off exchange futures, options or contracts for differences
resembling options; or synthetic futures in certain circumstances. The company may
enter into approved derivatives transactions on derivatives markets which are eligible.
Eligible derivatives markets are those which the ACD after consultation with the
depositary has decided are appropriate for the purpose of investment of or dealing in
the scheme property with regard to the relevant criteria set out in the Regulations and
the Guidance on eligible markets issued by the FCA as amended from time to time.
24.4 The eligible derivatives markets for the company are set out in appendix 3.
179
24.5 New eligible derivatives markets may be added to a sub-fund in accordance with the
Regulations and only after the ACD has revised the prospectus accordingly.
24.6 Any forward transactions must be with an approved counterparty (eligible institutions,
money market institutions etc). A derivative or forward transaction which would or
could lead to delivery of scheme property to the depositary in respect of the company
may be entered into only if such scheme property can be held by the company, and the
ACD reasonably believes that delivery of the property pursuant to the transactions will
not lead to a breach of the Regulations.
24.7 There is no limit on the amount of the scheme property which may be used for EPM
but the transactions must satisfy three broadly based requirements:
24.7.1
A transaction must reasonably be believed by the ACD to be economically

appropriate to the efficient portfolio management of the company. This
means that transactions undertaken to reduce risk or cost (or both) must
alone or in combination with other EPM transactions diminish a risk or cost of
a kind or level which it is sensible to reduce and transactions undertaken to
generate additional capital or income must confer a benefit on the company
or the sub-fund.
24.8 EPM may not include speculative transactions.

24.9 The purpose of an EPM transaction for the company must be to achieve one of the
following aims in respect of the company or a sub-fund:
reduction of risk
reduction of cost
the generation of additional capital or income
180
24.9.1
Reduction of risk allows for the use of the technique of cross-currency

hedging in order to switch all or part of the companys or sub-funds exposure
away from a currency the ACD considers unduly prone to risk, to another
currency. This aim also permits the use of stock index contracts to change the
exposure from one market to another, a technique known as tactical asset
allocation.
24.9.2
Reduction of cost allows for the use of futures or options contracts, either on
specific stocks or on an index, in order to minimise or eliminate the effect of
changing prices of stocks to be bought or sold.
24.9.3
The aims of reduction of risk or cost, together or separately, allow the ACD
on a temporary basis to use the technique of tactical asset allocation. Tactical
asset allocation permits the ACD to undertake a switch in exposure by use of
derivatives, rather than through sale and purchase of the scheme property.
If an EPM transaction for the company relates to the acquisition or potential
acquisition of transferable securities, the ACD must intend that the company
should invest in transferable securities within a reasonable time and the ACD
shall thereafter ensure that, unless the position has itself been closed out, that
intention is realised within that reasonable time.
24.9.4
The generation of additional capital or income for the company or sub-fund

with no or an acceptably low level of risk means the ACD reasonably believes
that the company or sub-fund is certain (or certain barring events which are
not reasonably foreseeable) to derive a benefit.
The generation of additional capital or income may arise out of taking
advantage of price imperfections or from the receipt of a premium for writing
of covered call or covered put options (even if the benefit is obtained at the
expense of the foregoing of yet greater benefit) or pursuant to stocklending
as permitted by the Regulations. The relevant purpose must relate to scheme
property; scheme property (whether precisely identified or not) which is to be
or is proposed to be acquired for the company; and anticipated cash receipts
of the company, if due to be received at some time and likely to be received
within one month.
25
Requirement to covers sales

25.1 No agreement by or on behalf of a sub-fund to dispose of property or rights may be
made unless the obligation to make the disposal and any other similar obligation could
immediately be honoured by the sub-fund by delivery of property or the assignment
(or, in Scotland, assignation) of rights, and the property and rights above are owned
by the Sub-fund at the time of the agreement. This requirement does not apply to a
deposit.
26
Stocklending
26.1 As an extension of EPM explained above, the company or the depositary at the request
of the company, may enter into certain repo contracts or stocklending arrangements
in respect of the company or a sub-fund. The company or the depositary delivers
securities which are the subject of the stocklending arrangement in return for an
agreement that securities of the same kind and amount should be redelivered to
the company or the depositary at a later date. The company or the depositary at the
time of delivery receives collateral to cover the risk of the future redelivery not being
completed. There is no limit on the value of the property of the company which may
be the subject of stocklending arrangements.
26.2 Repo contracts and stocklending arrangements must be an arrangement of the
kind described in Section 263B of the Taxation of Chargeable Gains Act 1992. The
arrangements must also comply with the requirements of the Regulations.
27
Cover for derivatives

27.1 The ACD must ensure that its global exposure to derivatives and forward transactions
held in the sub-fund does not exceed the net asset value of the scheme property.
181
28
Daily calculation of global exposure

28.1 The ACD must calculate the global exposure of a sub-fund on at least a daily basis.
28.2 For these purposes exposure must be calculated taking into account the current value
of the underlying assets, the counterparty risk, future market movements and the time
available to liquidate the positions.
29
Calculation of global exposure

29.1 The ACD must calculate the global exposure of any sub-fund it manages either as:
29.1.1
the incremental exposure and leverage generated through the use of

derivatives and forward transactions, which may not exceed 100% of the net
asset value of the scheme property of a sub-fund, by way of the commitment
approach; or
29.1.2
the market risk of the scheme property of a sub-fund, by way of the value at
risk approach.
29.2 The ACD must ensure that the method selected above is appropriate, taking into
account:
29.2.1
the investment strategy pursued by the sub-fund;
29.2.2
the types and complexities of the derivatives and forward transactions used;
and
29.2.3
the proportion of the scheme property comprising derivatives and forward

transactions.
29.3 Where a sub-fund employs techniques and instruments including repo contracts or
stock lending transactions in accordance with paragraph 26 (Stock lending) in order
to generate additional leverage or exposure to market risk, the ACD must take those
transactions into consideration when calculating global exposure.
29.4 For the purposes of paragraph 29.1, value at risk means a measure of the maximum
expected loss at a given confidence level over the specific time period.
30
Commitment approach
30.1 Where the ACD uses the commitment approach for the calculation of global exposure,
it must:
30.1.1
ensure that it applies this approach to all derivative and forward transactions;
and
32.1.2
convert each derivative or forward transaction into the market value of an

equivalent position in the underlying asset of that derivative or forward
(standard commitment approach).
30.2 The ACD may apply other calculation methods which are equivalent to the standard
commitment approach.
182
30.3 For the commitment approach, the ACD may take account of netting and hedging
arrangements when calculating global exposure of a sub-fund, where these
arrangements do not disregard obvious and material risks and result in a clear
reduction in risk exposure.
30.4 Where the use of derivatives or forward transactions does not generate incremental
exposure for the sub-fund, the underlying exposure need not be included in the
commitment calculation.
30.5 Where the commitment approach is used, temporary borrowing arrangements entered
into on behalf of the sub-fund in accordance with its general power to borrow need
not form part of the global exposure calculation.
31
Underwriting
31.1 Underwriting and sub-underwriting contracts and placings may also, subject to certain
conditions set out in the Regulations, be entered into for the account of the company
or sub-fund.
32
Borrowing Powers
32.1 The ACD may, on the instructions of the company and subject to the Regulations,
borrow money from an eligible institution or an approved bank for the use of the
company on the terms that the borrowing is to be repayable out of the scheme
property.
32.2 Borrowing must be on a temporary basis, not persistent and in any event must not
exceed three months without the prior consent of the depositary, which may be given
only on such conditions as appear appropriate to the depositary to ensure that the
borrowing does not cease to be on a temporary basis.
32.3 The ACD must ensure that borrowing does not, on any business day, exceed 10% of
the value of the scheme property.
32.4 These borrowing restrictions do not apply to back to back borrowing for currency
hedging purposes.
FUND PERFORMANCE
1 year
3 years
5 years
Since Launch
The Fund
(Launch date: 12 Jan 2001)
22.00
6.50
14.70
2.10
Benchmark:
MSCI World Index
18.10
9.30
15.70
2.20
Source: Morningstar.
183

1 year
3 years
5 years
Since Launch
The Fund
(Launch date: 17 Nov 2000)
0.70
(2.10)
12.40
6.60
Benchmark:
FTSE Global Basics Composite Index
15.60
7.70
15.30
4.50
Source: Morningstar.

Direct Fees charged by the Target Fund
Sales charge: 5.25%
Redemption: Nil
Note:
All sales charge levied by M&G Global Leaders Fund on any investments made by Eastspring
Investments Global Leaders MY Fund into M&G Global Leaders Fund shall be waived.
All sales charge levied by M&G Global Basics Fund on any investments made by Eastspring
Investments Global Basics MY Fund into M&G Global Basics Fund shall be waived.
Indirect Fees charged by the Target Fund

Annual management fee: 1.75%
Note: There will be no double charging of annual management fee. Annual management fee
paid to the Target Fund will be rebated back to the Fund in full.
structure of these Target Fund.
184
SCHRODER INTERNATIONAL SELECTION FUND EMERGING MARKETS

About Schroder International Selection Fund (the Company)
The Target Fund is a Sub-fund of the Schroder International Selection Fund which is a SICAV
(socit dInvestissement capital variable).
Schroder Investment Management (Luxembourg) S.A., is the management company for the
Target Fund and has been managing funds since 2005. The management company is responsible
for performing investment management, administration and marketing functions as described in
Annex 2 of the Law. Schroder Investment Management (Luxembourg) S.A. has been authorised as
a management company under chapter 13 of the law of 20 December 2002 (now chapter 15 of
the Law) and, as such, provides collective portfolio management services to UCI. The Target Fund
is managed by Schroder Investment Management Limited in UK and the custodian of the Target
Fund is J.P. Morgan Bank Luxembourg S.A. The Target Fund is regulated by the Commission de
Surveillance du Secteur Financier (Luxembourg financial supervisory authority).
The Company is an umbrella structured open-ended investment company with limited liability,
organised as a socit anonyme and qualifies as a Socit dInvestissement Capital Variable
(SICAV) under Part I of the law of undertakings for collective investment dated 17 December
2010 (Law). The Company was incorporated on 5 December 1968 and its Articles were
published in the Mmorial on 16 December 1968. The Articles were last amended on 11 October
2011. The Company is registered under Number B-8202 with the Registre de Commerce et des
Socits, where the Articles have been filed and are available for inspection. The Company exists
for an indefinite period.
About Schroder Investment Management Limited
Schroder Investment Management Limited (SIM) is a subsidiary of Schroders plc.
SIM provides investment management and advisory services and has subsidiary companies
engaged in investment management and trusteeships. SIM is authorised and regulated in the UK
by the Financial Conduct Authority (FCA), registration number 119348, incorporated in 1985 and
is one of the principal investment management companies in the Schroders plc Group. It is also
the main employing entity for UK employees.
SIM manages assets on behalf of institutional and retail investors, financial institutions and high
net worth individuals in a diverse range of products covering equities, fixed income, alternatives
and multi-asset. Its aim is to apply its specialist asset management skills in serving the needs of its
clients worldwide and to deliver value to its shareholders.
The rationale behind its extensive range of products and services is its adaptability to tailor
products to meet the needs of different clients according to local culture, risk appetite and
regulations.
185
The Target Fund aims to provide capital growth primarily through investment in equity and equityrelated securities of emerging markets companies.
INVESTMENT STRATEGY
Schroder has a balanced approach to investing in emerging markets. The fund manager uses a
mix of top-down analysis and bottom-up stock selection, looking to derive 50% of our added
value from country allocation and 50% from stock selection. The core investment process does
not target any particular style bias and aims to outperform in most market environments.
We believe that selecting the right countries to invest in within the emerging markets universe
is a key decision. We use a proprietary quantitative model to drive country allocation. The model
uses five groups of factors, which are scored to produce a ranking of countries across the global
emerging market universe. The output of the model is reviewed at the monthly strategy meeting
to determine if there are any reasons not to follow its recommendations. This judgmental overlay
is based on three groups of quantifiable factors (equity and crisis vulnerability scoresheets) and
other non-quantifiable factors (e.g. politics).
The fund manager does not believe quantitative tools can replace a good, well incentivised
analyst conducting fundamental research in generating successful stock ideas.
The primary universe consists of all stocks in the MSCI Emerging Markets Index, although the
fund manager also aims to find good investments from the wider emerging market universe. Of
the 824 stocks in the index, 294 are defined as core stocks* (this typically covers the top 75% of
capitalisation in each MSCI country index), which the analysts comprehensively model and grade
using proprietary tools and our Global Research Investment Database (GRiD). Stocks below the
75% cut-off and non-index stocks are defined as non-core. Analysts are incentivised to research
non-core stocks, but they will only be modelled and graded on an opportunistic basis, i.e. if
they are likely to be given the highest grade. As a further source of non-core ideas, a developed
market company screen has been established which is run quarterly for those companies listed in
developed markets which generate over 50% of their revenue from GEM. Results from the screen
are reviewed by the team and detailed analysis carried out on potential investment ideas. Strong
opportunities are presented at the monthly strategy meeting for inclusion in the portfolio on a
bottom up basis. The exposure to non-benchmark stocks is monitored as part of the risk control
process.
__________________
* Data as at 31st December 2013
186
PERMITTED INVESTMENTS AND INVESTMENT RESTRICTIONS AND LIMITS

1. Investment in Transferable Securities and Liquid Assets
(A) The Company will invest in:
(1)
transferable securities and money market instruments admitted to or dealt in on a

Regulated Market; and/or
(2)
transferable securities and money market instruments dealt in on another market in

a Member State of the EU which is regulated, operated regularly and is recognised
and open to the public; and/or
(3)
transferable securities and money market instruments, added to official listing on

a stock exchange in a non Member State of the EU, which is regulated, operated
regularly and is recognised and open to the public; and/or
(4)
recently issued transferable securities and money market instruments, provided

that:
(i) the terms of issue include an undertaking that application will be made for
admission to official listing on a stock exchange or on another Regulated
Market which operates regularly, is recognised and open to the public and
(ii) such admission is secured within one year of the issue; and/or
(5)
units of UCITS and/or of other UCI, whether situated in an EU member state or not,
provided that:
(i) such other UCIs have been authorised under laws which provide that they
are subject to supervision considered by the CSSF to be equivalent to that
laid down in EU Law, and that cooperation between authorities is sufficiently
ensured,
(ii) the level of protection for Shareholders in such other UCIs is equivalent to that
provided for Shareholders in a UCITS, and in particular that the rules on assets
segregation, borrowing, lending, and uncovered sales of transferable securities
and money market instruments are equivalent to the requirements of the UCITS
IV Directive,
(iii) the business of such other UCIs is reported in half-yearly and annual reports to
enable an assessment of the assets and liabilities, income and operations over
the reporting period,
(iv) no more than 10% of the assets of the UCITS or of the other UCIs, whose
acquisition is contemplated, can, according to their constitutional documents,
in aggregate be invested in units of other UCITS or other UCIs; and/or
(6)
deposits with credit institutions which are repayable on demand or have the right to
be withdrawn, and maturing in no more than 12 months, provided that the credit
institution has its registered office in a country which is an EU member state or, if
the registered office of the credit institution is situated in a non-EU member state,
187
provided that it is subject to prudential rules considered by the CSSF as equivalent

to those laid down in EU Law; and/or
(7)
financial derivative instruments, including equivalent cash-settled instruments, dealt

on a Regulated Market, and/or financial derivative instruments dealt over-thecounter, provided that:
(i) the underlying consists of securities covered by this section 1(A), financial
indices, interest rates, foreign exchange rates or currencies, in which the Funds
may invest according to their investment objective;
(ii) the counterparties to OTC derivative transactions are institutions subject to
prudential supervision, and belonging to the categories approved by the CSSF;
(iii) the OTC derivatives are subject to reliable and verifiable valuation on a daily
basis and can be sold, liquidated or closed by an offsetting transaction at any
time at their fair value at the Companys initiative.
and/or
(8)
money market instruments other than those dealt in on a Regulated Market, if the
issue or the issuer of such instruments are themselves regulated for the purpose of
protecting investors and savings, and provided that such instruments are:
(i) issued or guaranteed by a central, regional or local authority or by a central
bank of an EU member state, the European Central Bank, the EU or the
European Investment Bank, a non-EU member state or, in case of a Federal
State, by one of the members making up the federation, or by a public
international body to which one or more EU member states belong, or
(ii) issued by an undertaking any securities of which are dealt in on Regulated
Markets, or
(iii) issued or guaranteed by an establishment subject to prudential supervision, in
accordance with criteria defined in EU Law, or
(iv) issued by other bodies belonging to categories approved by the CSSF provided
that investments in such instruments are subject to investor protection
equivalent to that laid down in the first, the second or the third indent and
provided that the issuer is a company whose capital and reserves amount to at
least EUR 10,000,000 and which presents and publishes its annual accounts
in accordance with the fourth Directive 78/660/EEC, is an entity which, within
a group of companies which includes one or several listed companies, is
dedicated to the financing of the group or is an entity which is dedicated to the
financing of securitisation vehicles which benefit from a banking liquidity line.
(9)
In addition, the Company may invest a maximum of 10% of the net asset value of
any fund in transferable securities or money market instruments other than those
referred to under A(1) to A(4) and A(8) above.1
(10) Under the conditions and within the limits laid down by the Law, the Company
may, to the widest extent permitted by the Luxembourg laws and regulations (i)
188
create any fund qualifying either as a feeder UCITS (a Feeder UCITS) or as a

master UCITS (a Master UCITS), (ii) convert any existing fund into a Feeder UCITS,
or (iii) change the Master UCITS of any of its Feeder UCITS.
A Feeder UCITS shall invest at least 85% of its assets in the units of another Master
UCITS. A Feeder UCITS may hold up to 15% of its assets in one or more of the
following:
ancillary liquid assets in accordance with paragraph B below;
financial derivative instruments, which may be used only for hedging purposes;
For the purposes of compliance with section 3 below, the Feeder UCITS shall
calculate its global exposure related to financial derivative instruments by combining
its own direct exposure under the above paragraph, (b) with either:
the Master UCITS actual exposure to financial derivative instruments in proportion
to the Feeder UCITS investment into the Master UCITS; or
the Master UCITS potential maximum global exposure to financial derivative
instruments provided for in the Master UCITS management regulations or
instruments of incorporation in proportion to the Feeder UCITS investment into the
Master UCITS.
(B)
Each fund may hold ancillary liquid assets. Liquid assets used to back-up financial
derivative exposure are not considered as ancillary liquid assets.
(C)
(1)
Each fund may invest no more than 10% of its net asset value in transferable
securities or money market instruments issued by the same issuing body (and in the
case of structured financial instruments embedding derivative instruments, both
the issuer of the structured financial instruments and the issuer of the underlying
securities). Each fund may not invest more than 20% of its net assets in deposits
made with the same body. The risk exposure to a counterparty of a fund in an OTC
derivative transaction may not exceed 10% of its net assets when the counterparty
is a credit institution referred to in paragraph 1(A)(6) above or 5% of its net assets
in other cases.
(2)
Furthermore, where any fund holds investments in transferable securities and

money market instruments of any issuing body which individually exceed 5% of
the net asset value of such fund, the total value of all such investments must not
account for more than 40% of the net asset value of such fund.
This limitation does not apply to deposits and OTC derivative transactions made
with financial institutions subject to prudential supervision.
Notwithstanding the individual limits laid down in paragraph (C)(1), a fund may not
combine:
-
investments in transferable securities or money market instruments issued by,

deposits made with, and/or
189
exposures arising from OTC derivative transactions undertaken with a single

body in excess of 20% of its net assets.
(3)
The limit of 10% laid down in paragraph (C)(1) above shall be 35% in respect of
transferable securities or money market instruments which are issued or guaranteed
by an EU member state, its local authorities or by an Eligible State or by public
international bodies of which one or more EU member states are members.
(4)
The limit of 10% laid down in paragraph (C)(1) above shall be 25% in respect
of debt securities which are issued by highly rated credit institutions having their
registered office in an EU member state and which are subject by law to a special
public supervision for the purpose of protecting the holders of such debt securities,
provided that the amount resulting from the issue of such debt securities are
invested, pursuant to applicable provisions of the law, in assets which are sufficient
to cover the liabilities arising from such debt securities during the whole period of
validity thereof and which are assigned to the preferential repayment of capital and
accrued interest in the case of a default by such issuer.
If a fund invests more than 5% of its assets in the debt securities referred to in the
sub-paragraph above and issued by one issuer, the total value of such investments
may not exceed 80% of the value of the assets of such fund.
(5)
The transferable securities and money market instruments referred to in paragraphs

(C)(3) and (C)(4) are not included in the calculation of the limit of 40% referred to
in paragraph (C)(2).
The limits set out in paragraphs (C)(1), (C)(2), (C)(3) and (C)(4) above may not be
aggregated and, accordingly, the value of investments in transferable securities
and money market instruments issued by the same body, in deposits or financial
derivative instruments made with this body, effected in accordance with paragraphs
(C)(1), (C)(2), (C)(3) and (C)(4) may not, in any event, exceed a total of 35% of each
funds net asset value.
Companies which are included in the same group for the purposes of consolidated
accounts, as defined in accordance with directive 83/349/EEC or in accordance with
recognised international accounting rules, are regarded as a single body for the
purpose of calculating the limits contained in this paragraph (C).
A fund may cumulatively invest up to 20% of its net assets in transferable securities
and money market instruments within the same group.
(6)
Without prejudice to the limits laid down in paragraph (D), the limits laid down
in this paragraph (C) shall be 20% for investments in shares and/or bonds issued
by the same body when the aim of a funds investment policy is to replicate the
composition of a certain stock or bond index which is recognised by the CSSF,
provided
-
190
the composition of the index is sufficiently diversified,

the index represents an adequate benchmark for the market to which it refers,
it is published in an appropriate manner.
The limit laid down in the sub-paragraph above is raised to 35% where it proves
to be justified by exceptional market conditions in particular in Regulated Markets
where certain transferable securities or money market instruments are highly
dominant provided that investment up to 35% is only permitted for a single issuer.
(7)
Where any fund has invested in accordance with the principle of risk spreading
in transferable securities or money market instruments issued or guaranteed by
an EU member state, by its local authorities or by an Eligible State or by public
international bodies of which one or more EU member states are members, the
Company may invest 100% of the net asset value of any fund in such securities
provided that such fund must hold securities from at least six different issues and
the value of securities from any one issue must not account for more than 30% of
the net asset value of the fund.
Subject to having due regard to the principle of risk spreading, a fund need not
comply with the limits set out in this paragraph (C) for a period of 6 months
following the date of its launch.
(D)
(1)
The Company may not normally acquire shares carrying voting rights which would
enable the Company to exercise significant influence over the management of the
issuing body.
(2)
Each fund may acquire no more than (a) 10% of the non-voting shares of any
single issuing body, (b) 10% of the value of debt securities of any single issuing
body, (c) 10% of the money market instruments of the same issuing body, and/
or (d) 25% of the units of the same UCI. However, the limits laid down in (b), (c)
and (d) above may be disregarded at the time of acquisition if at that time the
gross amount of the debt securities or of the money market instruments or the net
amount of securities in issue cannot be calculated.
The limits set out in paragraph (D)(1) and (2) above shall not apply to:
(i) transferable securities and money market instruments issued or guaranteed by
an EU member state or its local authorities;
(ii) transferable securities and money market instruments issued or guaranteed by
any other Eligible State;
(iii) transferable securities and money market instruments issued by public
international bodies of which one or more EU member states are members; or
(iv) shares held in the capital of a company incorporated in a non-EU member
state which invests its assets mainly in the securities of issuing bodies having
their registered office in that state where, under the legislation of that state,
such holding represents the only way in which such funds assets may invest in
the securities of the issuing bodies of that state, provided, however, that such
company in its investment policy complies with the limits laid down in Articles
43, 46 and 48 (1) and (2) of the Law.
191
(E)
No fund may invest more than 10% of its net assets in units of UCITS or other UCIs with
the exception of Funds Asian Diversified Growth, Global Conservative, Global Diversified
Growth, Japan DGF, Strategic Beta 10, Wealth Preservation EUR, Wealth Preservation
USD, the Multi-Manager Funds, and funds identified as Feeder UCITS as provided for
in the investment objective and policy in Appendix III. In addition, except for funds
identified as Feeder UCITS, the following limits shall apply:
If a fund is allowed to invest more than 10% of its net assets in units of UCITS and/or
UCIs, this fund may not invest more than 20% of its net assets in units of a single UCITS
or other UCI. Investments made in units of UCIs other than UCITS may not, in aggregate,
exceed 30% of the net assets of a sub-fund.
When a fund invests in the units of other UCITS and/or other UCIs linked to the
Company by common management or control, or by a direct or indirect holding of more
than 10% of the capital or the voting rights, or managed by a management company
linked to the Investment Manager, no subscription or redemption fees may be charged
to the Company on account of its investment in the units of such other UCITS and/or
UCIs. In respect of a funds investments in UCITS and other UCIs linked to the Company
as described in the preceding paragraph, there shall be no management fee charged to
that portion of the assets of the relevant fund. The Company will indicate in its annual
report the total management fees charged both to the relevant fund and to the UCITS
and other UCIs in which such fund has invested during the relevant period.
(F)
192
(3)
The Company may acquire no more than 25% of the units of the same UCITS and/
or other UCI. This limit may be disregarded at the time of acquisition if at that time
the gross amount of the units in issue cannot be calculated. In case of a UCITS or
other UCI with multiple sub-funds, this restriction is applicable by reference to all
units issued by the UCITS/UCI concerned, all sub-funds combined.
(4)
The underlying investments held by the UCITS or other UCIs in which the Funds
invest do not have to be considered for the purpose of the investment restrictions
set forth under section 1(C) above.
A fund (the Investing Fund) may subscribe, acquire and/or hold securities to be issued
or issued by one or more funds (each, a Target Fund) without the Company being
subject to the requirements of the law of 10 August 1915 on commercial companies, as
amended, with respect to the subscription, acquisition and/or the holding by a company
of its own shares, under the condition however that:
(a)
the Target Fund(s) do(es) not, in turn, invest in the Investing Fund invested in this
(these) Target Fund(s); and
(b)
no more than 10% of the assets that the Target Fund(s) whose acquisition is
contemplated may be invested in units of other Target Funds; and
(c)
voting rights, if any, attaching to the Shares of the Target Fund(s) are suspended for
as long as they are held by the Investing fund concerned and without prejudice to
the appropriate processing in the accounts and the periodic reports; and
(d)
in any event, for as long as these securities are held by the Investing fund, their
value will not be taken into consideration for the calculation of the net assets of
the Company for the purposes of verifying the minimum threshold of the net assets
imposed by the Law; and
(e)
there is no duplication of management/subscription or repurchase fees between

those at the level of the Investing fund having invested in the Target Fund(s), and
this (these) Target Fund(s).
2. Investment in Other Assets

(A) The Company will neither make investments in precious metals, commodities or
certificates representing these. In addition, the Company will not enter into financial
derivative instruments on precious metals or commodities. This does not prevent the
Company from gaining exposure to precious metals or commodities by investing into
financial instruments backed by precious metals or commodities, or financial instruments
whose performance is linked to precious metals or commodities.
(B)
The Company will not purchase or sell real estate or any option, right or interest therein,
provided the Company may invest in securities secured by real estate or interests therein
or issued by companies which invest in real estate or interests therein.
(C) The Company may not carry out uncovered sales of transferable securities, money
market instruments or other financial instruments referred to in sections 1(A)(5), (7) and
(8).
(D)
The Company may not borrow for the account of any fund, other than amounts which
do not in aggregate exceed 10% of the net asset value of the fund, and then only as
a temporary measure. For the purpose of this restriction back to back loans are not
considered to be borrowings.
(E)
The Company will not mortgage, pledge, hypothecate or otherwise encumber as

security for indebtedness any securities held for the account of any fund, except as may
be necessary in connection with the borrowings mentioned in paragraph (D) above, and
then such mortgaging, pledging, or hypothecating may not exceed 10% of the net asset
value of each fund. In connection with swap transactions, option and forward exchange
or futures transactions the deposit of securities or other assets in a separate account
shall not be considered a mortgage, pledge or hypothecation for this purpose.
(F)
The Company will not underwrite or sub-underwrite securities of other issuers.
(G) The Company will on a fund by fund basis comply with such further restrictions as
may be required by the regulatory authorities in any country in which the Shares are
marketed.
193
3. Financial Derivative Instruments

As specified in section 1(A)(7) above, the Company may in respect of each fund invest in
financial derivative instruments.
The Company shall ensure that the global exposure of each fund relating to financial
derivative instruments does not exceed the total net assets of that fund. The funds overall risk
exposure shall consequently not exceed 200% of its total net assets. In addition, this overall
risk exposure may not be increased by more than 10% by means of temporary borrowings
(as referred to in section 2(D) above) so that it may not exceed 210% of any funds total net
assets under any circumstances.
The global exposure relating to financial derivative instruments is calculated taking into
account the current value of the underlying assets, the counterparty risk, foreseeable market
movements and the time available to liquidate the positions. This shall also apply to the
following sub-paragraphs.
Each fund may invest, as a part of its investment policy and within the limits laid down in
section 1(A)(7) and section 1(C)(5), in financial derivative instruments provided that the
exposure to the underlying assets does not exceed in aggregate the investment limits laid
down in sections 1(C)(1) to (7).
When a fund invests in index-based financial derivative instruments2 compliant with the
provisions of sections 1(C)(1) to (7), these investments do not have to be combined with
the limits laid down in section 1(C). The frequency of the review and rebalancing of the
composition of the underlying index of such financial derivative instruments varies per
index and could be daily, weekly, monthly, quarterly or annually. The rebalancing frequency
will have no impact in terms of costs in the context of the performance of the investment
objective of the relevant fund.
When a transferable security or money market instrument embeds a financial derivative
instrument2, the latter must be taken into account when complying with the requirements of
these restrictions. Transferable securities or money market instruments backed by other assets
are not deemed to embed a financial derivative instrument.
The funds may use financial derivative instruments for investment purposes and for hedging
purposes, within the limits of the Regulations. Under no circumstances shall the use of these
instruments and techniques cause a fund to diverge from its investment policy or objective.
The risks against which the funds could be hedged may be, for instance, market risk, foreign
exchange risk, interest rates risk, credit risk, volatility or inflation risks.
Agreements on OTC derivatives
A fund may enter into agreements on OTC derivatives. The counterparties to any OTC financial
derivative transactions, such as total return swaps or other financial derivative instruments
with similar characteristics, entered into by a fund, are selected from a list of authorised
counterparties established with the Management Company. The counterparties will be first
class institutions which are either credit institutions or investment firm, which are subject to
194
prudential supervision. The list of authorised counterparties may be amended with the consent
of the Management Company. The identity of the counterparties will be disclosed in the
annual report of the Company.
Unless specified otherwise in Appendix III, the global exposure relating to financial derivative
instruments will be calculated using a commitment approach. Funds applying a Value-at-Risk
(VaR) approach to calculate their global exposure will contain an indication thereto in Appendix
III.
Global exposure
A vunds global exposure is limited to the total net value of its portfolio.
Commitment Approach
Under the commitment approach, financial derivative positions are converted into equivalent
positions in the underlying asset, using market price or future price/notional value when more
conservative.
VaR approach
VaR reports will be produced and monitored on a daily basis based on the following criteria:
1 month holding period;
99% unilateral confidence interval;
at least a one year effective historical observation period (250 days) unless market
conditions require a shorter observation period; and
parameters used in the model are updated at least quarterly.
Stress testing will also be applied at a minimum of once per month.
VaR limits are set using an absolute or relative approach.
Absolute VaR approach
The absolute VaR approach is generally appropriate in the absence of an identifiable reference
portfolio or benchmark, for example with absolute return funds. Under the absolute VaR
approach a limit is set as a percentage of the net asset value of the fund. The absolute VaR
limit of a fund has to be set at or below 20% of its net asset value. This limit is based upon a
1 month holding period and a 99% unilateral confidence interval.
Relative VaR approach
The relative VaR approach is used for funds where a VaR benchmark reflecting the investment
strategy which the fund is pursuing is defined. Under the relative VaR approach a limit is set
as a multiple of the VaR of a benchmark or reference portfolio. The relative VaR limit of a
fund has to be set at or below twice the VaR of the Funds VaR benchmark. Information on
the specific VaR benchmark used are disclosed in Appendix III hereunder.
195
4. Use of Techniques and Instruments relating to Transferable Securities and Money

Market Instruments
Techniques and instruments (including, but not limited to, securities lending or repurchase
and reverse repurchase agreements) relating to transferable securities and money market
instruments may be used by each fund for the purpose of efficient portfolio management
and where this is in the best interest of the fund and in line with its investment objective and
investor profile.
To the extent permitted by and within the limits prescribed by the Regulations, each fund
may for the purpose of generating additional capital or income or for reducing its costs or
risks, enter as purchaser or seller into optional or non-optional repurchase or reverse purchase
transactions and engage in securities lending transactions.
The Company will, for the time being, not enter into repurchase and reverse repurchase
agreements nor engage in securities lending transactions. Should the Company decide to
use such techniques and instruments in the future, the Company will update the prospectus
accordingly and will comply with the Regulations and in particular CSSF circular 13/559
relating to ESMA guidelines on ETFs and other UCITS issues.
Securities lending
Should the Company engage in securities lending, each fund will only engage in securities
lending transactions with first class institutions specialising in these types of transactions and
which are subject to prudential supervision considered by the CSSF to be equivalent to that
laid down in EU law.
Each fund must ensure that it is able at any time to recall any security that has been lent out
or terminate any securities lending agreement into which it has entered3.
In respect of securities loans, the fund will ensure that its counterparty delivers and each
day maintains collateral of at least the market value of the securities lent. Such collateral
must be in the form of cash or securities that satisfy the requirements of the Regulations.
Such collateral shall comply with the requirements set out in section 5. Management of
Collateral below.
Reverse repurchase and repurchase agreements
Should the Company engage in reverse repurchase and repurchase agreements, each fund
will only enter into reverse repurchase and repurchase agreements with counterparties which
are subject to prudential supervision rules considered by the CSSF as equivalent to that laid
down in EU law.
A fund that enters into a reverse repurchase agreement shall ensure that it is able at any time
to recall the full amount of cash or to terminate the reverse repurchase agreement1.
A fund that enters into a repurchase agreement shall ensure that it is able at any time to
recall any securities subject to the repurchase agreement or to terminate the repurchase
agreement into which it has entered1.
196
Fixed-term repurchase and reverse repurchase agreement that do not exceed seven days shall
be considered as arrangements on terms that allow the assets to be recalled at any time by
the Fund1.
Each fund shall ensure that the level of its exposure to repurchase and reverse repurchase
agreements is such that it is able to comply at all times with its redemption obligations.
_________________________________
1
Funds launched prior to 23 November 2012 may interpret this provision differently and accordingly may
continue to hold units of UCIs which do not meet the conditions set out under A(5) as part of this 10%
limit. Any existing investments in UCIs not meeting the conditions set out under A(5) must be realised by
31 December 2013. Any new investments in these UCIs are no longer permitted.
Funds launched prior to 18 February 2013 that invest in financial indices that do not comply with the ESMA
Guidelines on ETFs and other UCITS issues have until 18 February 2014 to align their investments with these
guidelines.
Funds launched prior to 18 February 2013 (which currently apply CSSF Circular 08/356) will have to comply
with this provision by 18 February 2014.
197
FUND PERFORMANCE
1 year
3 years
5 years
10 years
The Fund
(Launch date: 17 Jan 2000)
(6.10)
(6.40)
88.50
130.10
Benchmark:
MSCI EM Net TR US
(6.80)
(8.50)
101.90
162.80
Source: Schroders.

Direct Fees charged by the Target Fund
Sales charge: 5.00%
Redemption: Nil
Note: All sales charge levied by SISF Emerging Markets on any investments made by Eastspring
Investments Global Emerging Markets into SISF Emerging Markets shall be waived.
Indirect Fees charged by the Target Fund

Annual management fee: 1.50%
Note: There will be no double charging of annual management fee. Annual management fee
paid to the Target Fund will rebate back to the Fund in full.
structure of this Target Fund.
198
PERFORMANCE OF THE FUND
07. PERFORMANCE OF THE FUND

FINANCIAL HIGHLIGHTS
Average Total Return of the Fund
(Source: Lipper Investment Management)
1-Year
3-Year
5-Year
Since
inception
32.54
17.12
23.19
13.87
6.94
5.81
8.71
6.87
1.41
3.13
3.29
3.66
3.08
3.04
2.70
2.46
5.93
0.23
10.35
3.79
(12.66)
(0.95)
(0.56)
64.02
18.47
27.59
14.72
Eastspring Growth
20.72
9.89
20.29
12.36
Eastspring Balanced
16.36
9.98
13.77
10.76
Eastspring Bond
3.18
5.91
4.30
4.25
3.00
3.02
2.80
2.80
12.50
0.43
10.26
0.24
4.95
0.78
10.63
0.42
45.36
16.37
11.61
13.14
12.98
9.19
3.66
3.85
7.49
2.16
2.62
2.57
3.01
3.60
3.88
1.38
As at 31 March 2014 (%)

As at 31 December 2013 (%)

Eastspring MY Focus
As at 30 September 2013 (%)
200
1-Year
3-Year
5-Year
Since
inception
5.13
2.13
(0.37)
Eastspring Dynamic
18.12
11.07
6.68
6.05
21.93
18.86
14.28
11.18
4.94
1.65
3.94
5.45
20.49
9.97
(1.97)
(1.58)
As at 30 June 2013 (%)

Note: Eastspring ASEAN al-Adiil: This Fund has been in operation since 28 October 2013 and its
first financial year end is on 30 June 2014. As this Fund is newly launched, there is no performance
data as yet.
201
202
Benchmark
Eastspring Asia
Pacific Equity MY
Benchmark
11.93
Benchmark
Eastspring Islamic
Income
0.14*
3.16
Benchmark
Eastspring Dana
Wafi
1.03
(6.81)
(12.50)
2005
Eastspring Dana
al-Islah
Benchmark
Eastspring Dana
al-Ilham
Fund Name
Annual Total Return of the Fund
15.53
8.78*
4.12
5.55
3.34
2.43
3.28
(5.25)
2006
25.96
18.13
5.38
5.45
11.07
6.43
36.28
42.70
2007
5.86
(2.88)
2.50
1.42*
3.45
3.06
4.04
4.83
5.68
8.51
2008
(36.19)
(32.35)
2.46
2.66
4.85
2.84
(2.74)
(3.85)
(31.97)
(23.85)
2009
58.61
46.80
1.52
1.75
3.25
4.06
11.45
10.83
48.28
46.89
2010
9.92
10.71
1.99
2.61
4.34
3.00
5.85
15.65
16.22
20.23
2011
12.29
1.78
1.90
3.05
4.19
3.81
3.91
5.47
5.00
11.36
2013
8.35
5.93
1.65
3.08
2.03
1.41
5.88
6.94
15.75
32.54
2014
* Since inception until financial year end.
(5.61)
(6.61)
2.45
3.01
5.25
4.19
3.70
5.04
4.27
8.91
2012
As at 31 March 2014 (%)
203
9.00
13.91
Eastspring Balanced
Benchmark
14.29
7.58
Benchmark
2004
Fund Name
13.48
Benchmark
Eastspring Growth
Eastspring Bond
Plus
(7.94)
Benchmark
Benchmark
2005
Equity MY
Fund Name
1.43
(5.77)
(0.84)
(13.40)
(22.82)
(10.57)
2005
2006
12.82
17.28
21.83
23.65
39.82
35.23
2006
2007
17.76
31.12
31.82
34.75
50.71
29.57
2007
2008
(17.82)
(21.74)
(39.33)
(35.97)
(43.48)
(38.60)
2008
2009
22.35
22.35
44.94
51.27
47.79
56.02
2009
2010
11.99
17.15
21.76
25.50
22.40
30.39
2010
2011
1.45
(0.56)*
(12.90)
(12.66)
2014
6.39
10.31
9.60
12.86
(1.63)
11.07
2012
7.28
16.36
11.39
20.72
36.71
64.02
2013
As at 31 December (%)
14.00
12.03
2013
2.72
3.66
1.94
(2.57)
(7.57)
(8.68)
2011
2.48
(0.72)*
2012
As at 31 March 2014 (%)
204
Benchmark
Eastspring
Global Emerging
Markets
Benchmark
Eastspring
Investments MY
Focus Fund
Benchmark
2.64
Benchmark
2.31
Eastspring Cash
Management
Eastspring Global
Basics MY
7.25
3.70
Eastspring Bond
Benchmark
2004
Fund Name
3.00
2.35
3.70
5.45
2005
2.28
3.12
4.32
5.05
2006
16.54
10.03*
2.30
3.29
3.57
3.09
2007
(46.69)
(38.13)*
(35.33)
(43.31)
2.28
3.37
7.52
(2.00)
2008
73.81
64.90
31.13
45.99
1.04
2.53
1.51
(1.40)
2009
4.29
(1.80)
4.36
10.24
1.35
2.41
5.34
5.38
2010
10.34
14.65
14.04
14.53
9.04
0.78
1.70
3.11
3.77
4.90
2012
10.54
45.36
4.41
4.95
29.53
12.50
1.79
3.00
1.94
3.18
2013
1.90
(7.76)*
(16.12)
(14.85)
(2.33)
(10.67)
1.64
2.94
4.78
9.78
2011
As at 31 December (%)
205
Eastspring
Enhanced
Income
Benchmark
Eastspring
Institutional
Income
Benchmark
Benchmark
1.62
(0.15)*
2004
Eastspring Asia
Pacific Shariah
Equity
Benchmark
Eastspring Dana
Dinamik
Fund Name
1.31
0.89*
3.71
1.32
2005
3.61
2.53
4.16
6.21
2006
3.49
2.90
25.16
35.17
2007
(7.81)
(9.81)*
2.30
2.96
(32.73)
(23.49)*
(11.67)
(13.00)
2008
8.36
5.77
1.33
1.89
21.95
26.77
11.17
15.62
2009
4.29
2.84
1.21
1.92
4.12
1.04
8.54
9.95
2010
9.55
5.59
1.70
2.60
8.06
14.73
13.39
22.14
2012
6.28
3.01
1.76
2.62
7.98
3.66
6.23
11.61
2013
1.31
2.25
1.61
2.48
(10.86)
(5.81)
(0.21)
6.28
2011
As at 30 September (%)
206
Benchmark
Eastspring Asia
Select Income
Benchmark
Eastspring Global
Leaders MY
Benchmark
1.93
2.73
6.03
(1.49)
2005
9.30
3.97*
2.97
2.81
3.36
4.86
2006
15.31
20.23*
29.69
23.93
48.07
48.50
25.91
40.32
2007
(16.37)
(15.60)
(4.50)
(4.16)
(12.39)
(17.74)
(4.35)
(9.56)
2008
(25.43)
(32.15)
1.47
6.63
(9.38)
(3.75)
(3.14)
(9.07)
2009
(0.05)
0.28
7.90
8.34
22.95
20.61
12.51
10.88
(7.33)
(7.29)*
2010
19.72
17.32
4.20
4.83
22.78
23.44
12.50
21.40
15.37
13.97
2011
(0.99)
(5.88)
(3.40)
(4.53)
1.22
11.61
2.40
(4.41)
(12.06)
(11.10)
2012
16.85
20.49
4.27
4.94
12.45
21.93
7.82
18.12
4.95
5.13
2013
As at 30 June (%)
Note: Eastspring ASEAN al-Adiil: This Fund has been in operation since 28 October 2013 and its first financial year end is on 30 June 2014. As
this Fund is newly launched, there is no performance data as yet.
1.32
Eastspring Equity
Income
Benchmark
(2.69)*
Benchmark
Eastspring
Dynamic
2004
Eastspring Dinasti
Equity
Fund Name
Basis of Calculation and Assumptions Made in Calculating Returns
Percentage growth = NAVt

NAV0
-1
NAVt
= NAV at the end of the period
NAV0
= NAV at the beginning of the period
Performance annualised = (1 + Percentage Growth) 1/n - 1

n = number of years
207
Performance Chart
Eastspring
Dana al-Ilham
As at 31 March 2014
For the period under review, the Fund registered a return of 32.54%,
outperforming the benchmark return of 15.75% by 16.79%.
The outperformance was due to good stock selection.
SI % Change

- Since Inception (SI) Return Vs Benchmark
450%
450%
400%
400%
350%
350%
300%
300%
250%
250%
200%
200%
150%
150%
100%
100%
50%
50%
0%
0%
-50%
-50%
Sep Apr Oct May Dec Jul
Feb Sep Apr Nov Jun Dec Jul
Feb Sep Apr Nov Jun
Jan Aug Mar
2002 2003 2003 2004 2004 2005 2006 2006 2007 2007 2008 2008 2009 2010 2010 2011 2011 2012 2013 2013 2014
Eastspring
Dana al-Islah
Benchmark
For the period under review, the outperformance was mainly attributed
to the performance of the Shariah-compliant equity while the sukuk
portion was negatively affected by the rising yield environment.
SI % Change

140%
140%
120%
120%
100%
100%
80%
80%
60%
60%
40%
40%
20%
20%
0%
0%
-20%
-20%
Sep Apr Oct May Dec Jul

Feb Sep Apr Nov Jun Dec Jul
Feb Sep Apr Nov Jun
Jan Aug Mar
2002 2003 2003 2004 2004 2005 2006 2006 2007 2007 2008 2008 2009 2010 2010 2011 2011 2012 2013 2013 2014
208
Benchmark
Performance Chart
Eastspring
Dana Wafi
As at 31 March 2014
underperforming the benchmark return of 2.03% by 0.62%.
The Funds underperformance was attributable to the Funds overweight
position in corporate sukuk which underperformed the medium term
government sukuk.
SI % Change

60%
60%
50%
50%
40%
40%
30%
30%
20%
20%
10%
10%
0%
0%
-10%
Mar
2005
-10%
Sep
2005
Mar
2006
Sep
2006
Mar
2007
Sep
2007
Mar
2008
Sep
2008
Mar
2009
Sep
2009
Sep
2010
Mar
2011
Sep
2011
Mar
2012
Sep
2012
Mar
2013
Sep
2013
Mar
2014
Benchmark
For the period under review, the Fund registered a positive return of
3.08%, outperforming the benchmark return of 1.65% by 1.43%.
The outperformance was contributed by investments in short-term
Islamic money market placements.
SI % Return
Eastspring
Islamic Income
Mar
2010
24%
22%
24%
20%
18%
20%
22%
18%
16%
14%
16%
14%
12%
12%
10%
10%
8%
8%
6%
6%
4%
2%
4%
0%
-2%
0%
-2%
2%
Apr Aug Dec Apr Aug Dec Apr

Jul Nov Mar Jul Nov Mar Jul Nov Mar Jul Nov Mar Jul
Nov Mar
2007 2007 2007 2008 2008 2008 2009 2009 2009 2010 2010 2010 2011 2011 2011 2012 2012 2012 2013 2013 2013 2014
Benchmark
209
Performance Chart
Eastspring
Asia Pacific
Equity MY
As at 31 March 2014
underperforming the benchmark return of 8.35% by 2.42%.
The underperformance was due to bias towards more cyclical names in
the portfolio which did not perform well during the period under review.
SI % Change

120%
120%
100%
100%
80%
80%
60%
60%
40%
40%
20%
20%
0%
0%
-20%
-40%
Aug
2005
-20%
Feb
2006
Aug
2006
Feb
2007
Aug
2007
Feb
2008
Aug
2008
Feb
2009
Aug
2009
Feb
2010
Aug
2010
Feb
2011
Aug
2011
Eastspring
Indonesia
Equity MY
Feb
2012
Aug
2012
Mar
2013
Sep
2013
-40%
Mar
2014
Benchmark
During the period under review, the Fund registered a return of

-12.66%, slightly outperforming the benchmark return of -12.90% by
0.24%.
The negative return was broadly in line with the market as the market
was impacted by widening current account deficit, persistent inflation
and weakening currency.
SI % Change
30%
30%
25%
25%
20%
20%
15%
15%
10%
10%
5%
5%
0%
0%
-5%
-5%
-10%
-10%
-15%
-15%
-20%
-20%
-25%
-25%
-30%
-30%
May Jul
Sep Oct Dec Feb Apr May Jul
Sep Oct Dec Feb Mar May Jul Sep Oct Dec Feb Mar
2011 2011 2011 2011 2011 2012 2012 2012 2012 2012 2012 2012 2013 2013 2013 2013 2013 2013 2013 2014 2014
210
Benchmark
Performance Chart
Since inception, the Fund recorded a return of -0.56%, underperforming

the benchmark return of 1.45% by 2.01%.
The Funds underperformance was attributable to the Funds overweight
duration position in corporate bonds which underperformed the
medium term government bonds in a year which saw yields rose more
in longer tenor bonds than shorter tenor bonds.
SI % Change
Eastspring
Bond Plus
As at 31 March 2014
10%
10%
8%
8%
6%
6%
4%
4%
2%
2%
0%
0%
-2%
-2%
-4%
-4%
-6%
-6%
-8%
-8%
-10%
-10%
Apr May May Jun
Jul
Jul Aug Aug Sep Sep Oct Oct Nov Nov Dec Dec Jan Jan
Feb Feb Mar Mar
2013 2013 2013 2013 2013 2013 2013 2013 2013 2013 2013 2013 2013 2013 2013 2013 2014 2014 2014 2014 2014 2014
Benchmark
211
Performance Chart
Eastspring
Small-cap
As at 31 December 2013
During the 1-year under review, the Fund registered a return of
64.02%, outperforming the benchmark return of 36.71% by
27.31%.
SI % Change

550%
550%
500%
500%
450%
450%
400%
400%
350%
350%
300%
300%
250%
250%
200%
200%
150%
150%
100%
100%
50%
50%
0%
0%
-50%
-50%
Jun Jan Aug Mar Sep Apr Nov Jun Dec Jul
Feb Sep Apr Oct May Dec
Jul Feb Aug Mar Oct May Dec
2001 2002 2002 2003 2003 2004 2004 2005 2005 2006 2007 2007 2008 2008 2009 2009 2010 2011 2011 2012 2012 2013 2013
Eastspring
Growth
Benchmark
During the 1-year period under review, the Fund registered a return
of 20.72%, outperforming the benchmark return of 11.39% by
9.33%.
SI % Change

400%
400%
350%
350%
300%
300%
250%
250%
200%
200%
150%
150%
100%
100%
50%
50%
0%
0%
-50%
Jun Jan Aug Mar
2001 2002 2002 2003
-50%
Sep Apr Nov Jun Dec Jul
Feb Sep Apr Oct May Dec Jul
Feb Aug Mar Oct May Dec
2003 2004 2004 2005 2005 2006 2007 2007 2008 2008 2009 2009 2010 2011 2011 2012 2012 2013 2013
212
Benchmark
Performance Chart
Eastspring
Balanced
During the 1-year period under review, the Fund registered a return of
The outperformance was attributed to both asset allocation and stock
selection.
SI % Change
300%

300%
260%
260%
220%
220%
180%
180%
140%
140%
100%
100%
60%
60%
20%
20%
-20%
-20%
Jun Jan Aug Mar Sep Apr Nov

Jun Dec Jul
2001 2002 2002 2003 2003 2004 2004 2005 2005 2006 2007 2007 2008 2008 2009 2009 2010 2011 2011 2012 2012 2013 2013
of 3.18%, outperforming the benchmark return of 1.94% by 1.24%.
The outperformance of the Fund for the period under review was
contributed by the overweight position in selected corporate bonds
which outperformed the medium term government bond index.
SI % Change
Eastspring
Bond
Benchmark
90%
90%
80%
80%
70%
70%
60%
60%
50%
50%
40%
40%
30%
30%
20%
20%
10%
10%
0%
0%
-10%
-10%
Jun Jan Aug Mar Sep Apr Nov Jun Dec Jul
2001 2002 2002 2003 2003 2004 2004 2005 2005 2006 2007 2007 2008 2008 2009 2009 2010 2011 2011 2012 2012 2013 2013
Benchmark
213
Performance Chart
Eastspring
Cash
Management
Investments in short term corporate bonds and commercial papers
have contributed to the outperformance of the Fund.
SI % Change
40%
40%
35%
35%
30%
30%
25%
25%
20%
20%
15%
15%
10%
10%
5%
5%
0%
0%
-5%
May
2003
-5%
Dec
2003
Jul
2004
Jan
2005
Aug
2005
Mar
2006
Sep
2006
Apr
2007
Nov
2007
May
2008
Dec
2008
Jul
2009
Jan
2010
Aug
2010
Mar
2011
Eastspring
Global Basics
MY
Sep
2011
Apr
2012
Nov
2012
May
2013
Dec
2013
Benchmark
During the year under review, the Fund registered a return of

12.50%, underperforming the benchmark return of 29.53% by
17.03%.
The underperformance was due to the Funds overweight in basic
materials sector and overweight in the consumer sector.
SI % Change

50%
50%
40%
40%
30%
30%
20%
20%
10%
10%
0%
0%
-10%
-10%
-20%
-20%
-30%
-30%
-40%
-40%
-50%
Feb
2007
-50%
Jul
2007
Dec
2007
Apr
2008
Sep
2008
Feb
2009
Jul
2009
Dec
2009
Apr
2010
Sep
2010
214
Feb
2011
Jul
2011
Dec
2011
Apr
2012
Sep
2012
Benchmark
Feb
2013
Jul
2013
Dec
2013
Performance Chart
Eastspring
Global
Emerging
Markets
During the year under review, the Fund registered a return of 4.95%,
The outperformance was supported by positive country and stock
selection contribution.
SI % Return

20%
20%
10%
10%
0%
0%
-10%
-10%
-20%
-20%
-30%
-30%
-40%
-40%
-50%
-50%
-60%
-60%
Feb
2008
Jul
2008
Dec
2008
May
2009
Oct
2009
Mar
2010
Aug
2010
Jan
2011
Jun
2011
Nov
2011
Apr
2012
Feb
2013
July
2013
Dec
2013
Benchmark
For the year under review, the Fund registered a gain of 45.36%,
SI % Change
Eastspring MY
Focus
Sep
2012
60%
60%
50%
50%
40%
40%
30%
30%
20%
20%
10%
10%
0%
0%
-10%
-10%
-20%
-20%
-30%
-30%
Mar
2011
Jun
2011
Sep
2011
Dec
2011
Feb
2012
May
2012
Aug
2012
Oct
2012
Jan
2013
Apr
2013
Jul
2013
Sep
2013
Dec
2013
Benchmark
215
Performance Chart
Eastspring
Dana Dinamik
As at 30 September 2013
The outperformance was attributed to both asset allocation and
security selection.
SI % Change

160%
160%
140%
140%
120%
120%
100%
100%
80%
80%
60%
60%
40%
40%
20%
20%
0%
0%
-20%
-20%
Mar Sep
2004 2014
Apr
2005
Oct
2005
Apr
2006
Nov
2006
May
2007
Nov
2007
May
2008
Dec
2008
Jun
2009
Dec
2009
Jul
2010
Jan
2011
Eastspring
Asia Pacific
Shariah Equity
Jul
2011
Feb
2012
Aug
2012
Feb
2013
Sep
2013
Benchmark

3.66%, underperforming the benchmark return of 7.98% by 4.32%.
The underperformance was due to underweight in mining stocks.
SI % Return

30%
30%
20%
20%
10%
10%
0%
0%
-10%
-10%
-20%
-20%
-30%
-30%
-40%
-40%
-50%
-50%
-60%
Dec
Apr
2007 2008
-60%
Aug
2008
Dec
2008
Apr
2009
Jul
2009
Nov
2009
Mar
2010
Jul
2010
Nov
2010
Feb
2011
Jun
2011
216
Oct
2011
Feb
2012
Jun
2012
Sep
2012
Benchmark
Jan
2013
May
2013
Sep
2013
Performance Chart
Eastspring
Institutional
Income
As at 30 September 2013
During the period under review, the Fund registered a positive return
The outperformance was contributed by investments in short-term
money market placements.
SI % Change

30%
30%
25%
25%
20%
20%
15%
15%
10%
10%
5%
5%
0%
0%
-5%
Apr
2005
-5%
Oct
2005
May
2006
Dec
2006
Jul
2007
Jan
2008
Aug
2008
Mar
2009
Oct
2009
Apr
2010
Nov
2010
Jun
2011
Jul
2012
Feb
2013
Sep
2013
Benchmark

3.01%, underperforming the benchmark return of 6.28% by 3.27%.
The Funds performance was mainly supported by selected corporate
bonds. The collective investment schemes Eastspring Asia Pacific
MY Equity and Eastspring Asia Pacific Equity underperformed their
respective benchmarks.
SI % Change
Eastspring
Enhanced
Income
Jan
2012
30%
30%
25%
25%
20%
20%
15%
15%
10%
10%
5%
5%
0%
0%
-5%
-5%
-10%
-10%
-15%
-15%
-20%
-20%
Jun
Oct
Feb May Sep Jan
May Aug Dec Apr Aug Nov Mar
Jul
Nov Feb
Jun
Oct
Feb May Sep
2007 2007 2008 2008 2008 2009 2009 2009 2009 2010 2010 2010 2011 2011 2011 2012 2012 2012 2013 2013 2013
Benchmark
217
Performance Chart
Eastspring
Dynamic
As at 30 June 2013
The outperformance was attributed to both asset allocation and
security selection.
SI % Change

100%
100%
90%
90%
80%
80%
70%
70%
60%
60%
50%
50%
40%
40%
30%
30%
20%
20%
10%
10%
0%
0%
-10%
-10%
-20%
-20%
Nov
2003
June
2014
Dec
2004
Jun
2005
Jan
2006
Jul
2006
Jan
2007
Aug
2007
Feb
2008
Sep
2008
Mar
2009
Sep
2009
Apr
2010
Oct
2010
Eastspring
Equity Income
Apr
2011
Nov
2011
May
2012
Dec
2012
Jun
2013
Benchmark

The outperformance during the year was mainly due to superior stock
selection and dividend income received.
SI % Change

180%
180%
160%
160%
140%
140%
120%
120%
100%
100%
80%
80%
60%
60%
40%
40%
20%
20%
0%
0%
-20%
-20%
Nov
2004
May
2005
Dec
2005
Jun
2006
Dec
2006
Jul
2007
Jan
2008
Aug
2008
Feb
2009
218
Sep
2009
Mar
2010
Oct
2010
Apr
2011
Oct
2011
Benchmark
May
2012
Nov
2012
Jun
2013
Performance Chart
Eastspring
Asia Select
Income
As at 30 June 2013
The holdings in selected corporate bonds contributed to the
performance of the Fund. The investment in collective investment
schemes also contributed positively to the Fund.

80%
SI % Change
80%
70%
70%
60%
60%
50%
50%
40%
40%
30%
30%
20%
20%
10%
10%
0%
0%
-10%
Dec
2005
-10%
Apr
2006
Sep
2006
Jan
Jun
2007 2007
Oct Mar
2007 2008
Jul
2008
Dec
2008
Apr
2009
Sep
2009
Jan
2010
Jun
2010
Oct
2010
Mar
2011
Jul
2011
Sep
2012
Jan
2013
Jun
2013
Benchmark

The outperformance was due to the Funds exposure to the US and
Japan equities.

SI % Change
Eastspring
Global
Leaders MY
Dec Apr
2011 2012
30%
30%
20%
20%
10%
10%
0%
0%
-10%
-10%
-20%
-20%
-30%
-30%
-40%
-40%
-50%
-50%
Apr
2006
Oct
2006
May
2007
Dec
2007
Jun
2008
Jan
2009
Jul
2009
Feb
2010
Sep
2010
Mar
2011
Oct
2011
May
2012
Nov
2012
Jun
2013
Benchmark
219
Performance Chart
Eastspring
Dinasti Equity
As at 30 June 2013
The outperformance was supported by sector allocation and security
selection.
SI % Return

15%
15%
10%
10%
5%
5%
0%
0%
-5%
-5%
-10%
-10%
-15%
-15%
Nov
2009
Feb
2010
Apr
2010
Jul
2010
Sep
2010
Dec
2010
Feb
2011
May
2011
Jul
2011
Oct
2011
220
Dec
2011
Mar
2012
May
2012
Aug
2012
Oct
2012
Benchmark
Jan
2013
Mar
2013
Jun
2013
DISTRIBUTION
For the financial year ended 31 March
2014
2013
2012
Gross distribution per Unit (sen)
15.36
7.25
6.08
Net distribution per Unit (sen)
14.81
6.91
5.91
2014
2013
2012
6.68
3.21
3.88
6.57
3.20
3.86
2014
2013
2012
4.66
2.37
1.60
4.66
2.37
1.60
2014
2013
2012
2.33
2.33
2014
2013
2012
1.57
1.56
1.52
1.57
1.56
1.52
Eastspring Indonesia Equity MY and Eastspring Bond Plus

There were no income distribution for the year 2012, 2013 and 2014.
For the financial year ended 31 December

2013
2012
2011
NAV before Unit split 1.9887 per Unit
Gross distribution per

Unit 8.98 sen
No distribution has
been made during
the period.
NAV after Unit split 0.9909 per Unit

Note: On 23 September 2013, the Fund
declared Unit split based on a 1 : 2 ratio.
Net distribution per

Unit 7.72 sen
221
For the financial year ended 31 December

Eastspring Growth
2013
2012
2011
5.90
5.38
Eastspring Balanced
2013
2012
2011
3.75
3.75
3.88
3.65
3.66
3.78
Eastspring Bond
2013
2012
2011
1.60
1.58
3.00
1.60
1.58
3.00
2013
2012
2011
1.60
1.67
1.56
1.60
1.67
1.56
Eastspring MY Focus, Eastspring Global Basics MY and

For the financial year ended 30 September

2013
2012
2011
4.50
4.13
2.08
4.31
2.30
1.92
2013
2012
2011
2.64
2.67
2.29
2.64
2.67
2.29
Eastspring Asia Pacific Shariah Equity and Eastspring Enhanced Income

222
For the financial year ended 30 June

2013
2013
2011
2.37
2.37
2.09
2.37
2.37
2.09
Eastspring Dynamic
2013
2012
2011
4.42
3.27
2013
2012
2011
9.15
5.00
2.83
7.77
3.93
2.01
Eastspring Dinasti Equity and Eastspring Global Leaders MY

Note: Eastspring ASEAN al-Adiil: This Fund has been in operation since 28 October 2013
and its first financial year end is on 30 June 2014. As this Fund is newly launched, there is no
performance data as yet.
Distribution is in the form of cash.
Composition of Income Distribution

Income distribution is made from realised capital gains (net of realised losses) and realised income.
Capital gains are realised when investments are disposed at a profit.
Realised income is income from profit, accretion of discounts net of amortisation of amount paid
on sukuk and dividend income from Shariah-compliant equities as well as distribution equalisation
arising from the creation or release price of Units.
Income distribution is calculated based on the number of Units in circulation in a Fund on the
entitlement date for that Fund.
Payment of Distribution
Income distribution shall be paid soonest possible within one (1) month period from the date of
declaration of the distribution.
223
PORTFOLIO TURNOVER RATIO (PTR)

The following table reflects the PTR for all the Fund for the three (3) most recent financial years.
As at 31 March
Fund name
2014
(times)
2013
(times)
2012
(times)
0.96
0.55
0.59
0.55
0.59
0.51
0.80
1.04
0.56
10.05
7.11
5.85
0.62
0.82
1.26
0.59
0.43
0.73
1.12
2013
(times)
2012
(times)
2011
(times)
1.42
0.84
1.25
Eastspring Growth
0.83
0.54
0.56
Eastspring Balanced
1.23
0.84
0.52
Eastspring Bond
0.63
0.70
0.49
As at 31 December
Fund name
0.54
0.65
0.58
0.23
0.26
0.23
0.26
0.21
0.27
Eastspring MY Focus
3.18
2.51
1.27
2013
(times)
2012
(times)
2011
(times)
0.87
0.65
0.66
2.14
1.45
0.92
35.13
51.01
56.78
0.49
0.66
0.44
As at 30 September
Fund name

224
As at 30 June
2013
(times)
2012
(times)
2011
(times)
0.84
0.71
0.84
Eastspring Dynamic
0.84
0.46
0.33
1.38
0.86
0.20
0.26
0.47
0.30
0.19
0.14
0.12
Fund name
Explanation of any significant change in the PTR of the Fund

Financial year ended 31 March 2014:
There were no significant changes to the PTR for Eastspring Dana al-Islah, Eastspring Dana Wafi
and Eastspring Indonesia Equity MY during the period under review. Eastspring Dana al-Ilham and
Eastspring Islamic Income registered a higher PTR for the financial year ended 31 March 2014
compared to the financial year ended 31 March 2013 due to higher number of transaction during
the period under review. Eastspring Asia Pacific Equity MY registered a lower PTR due to lower
number of transaction during the period under review.
Financial year ended 31 December 2013:
There were no significant changes to the PTR for Eastspring Growth, Eastspring Bond, Eastspring
Cash Management, Eastspring Global Basics MY and Eastspring Global Emerging Markets.
Eastspring Small-cap, Eastspring Balanced and Eastspring MY Focus registered a higher PTR for
the financial year ended 31 December 2013 compared to the financial year ended 31 December
2012 due to higher number of transaction during the period under review.
Financial year ended 30 September 2013:
There were no significant changes to the PTR for Eastspring Dana Dinamik and Eastspring
Enhanced Income for the period under review. Eastspring Asia Pacific Shariah Equity registered
a higher PTR for the financial year ended 30 September 2013 compared to the financial year
ended 30 September 2012 due to higher number of transaction during the period under review.
Eastspring Institutional Income registered a lower PTR due to lower number of transaction during
the period under review.
Financial year ended 30 June 2013:
There were no significant changes to the PTR for Eastspring Dinasti Equity, Eastspring Dynamic,
Eastspring Asia Select Income and Eastspring Global Leaders MY for the period under review.
Eastspring Equity Income registered a higher PTR for the financial year ended 30 June 2013
compared to the financial year ended 30 June 2012 due to higher number of transaction during
the period under review.
225
ASSET ALLOCATION
The asset allocation for the following Fund as at the financial year end of the Fund is tabulated
below:
As at 31 March
2014
(%)
2013
(%)
2012
(%)
Quoted Shariah-compliant equities
85.93
85.11
86.19
Cash and other assets
14.07
14.89
13.81
There were no significant changes in asset allocation of the Fund for the period under review.
2014
(%)
2013
(%)
2012
(%)
22.15
19.40
20.82
Sukuk
54.23
70.98
60.41
23.62
9.62
18.77
The Fund increased its allocation in cash in order to reduce the portfolio duration.
2014
(%)
2013
(%)
2012
(%)
Sukuk
93.93
91.22
94.51
6.07
8.78
5.49

Cash and cash equivalents
2014
(%)
2013
(%)
2012
(%)
100.00
100.00
100.00
2014
(%)
2013
(%)
2012
(%)
Collective investment scheme
91.95
98.27
100.00
8.05
1.73
There were cash inflows towards the end of the review period.
226
As at 31 March
2014
(%)
2013
(%)
2012
(%)
Quoted equities
98.38
97.71
97.81
1.62
2.29
2.19
2014
(%)
Unquoted fixed income securities
94.85
5.15
2013
(%)
2012
(%)
2011
(%)
Quoted equities
82.73
88.80
76.74
17.27
11.20
23.26
2013
(%)
2012
(%)
As at 31 December
There were consistent inflows to the Fund towards the end of the year and we would be
inclined to raise equity exposure in any market weakness.
Eastspring Growth
2013
(%)
2012
(%)
2011
(%)
Quoted equities
97.67
95.56
92.02
2.33
4.44
7.98
Eastspring Balanced
2013
(%)
2012
(%)
2011
(%)
Quoted equities
67.20
68.26
55.04
24.44
28.74
17.91
8.36
3.00
27.05
Fixed income securities exposure was reduced due to volatility in the bond market. The Manager
is of the view that the bond market is vulnerable to capital outflows and may cause further
downward pressure on bond prices.
227
As at 31 December
Eastspring Bond
2013
(%)
2012
(%)
2011
(%)
97.19
90.83
63.56
2.81
9.17
36.44
The percentage holding of unquoted fixed income securities rose from 90.83% at end 2012 to
97.19% by end 2013 on increased investments.
2013
(%)
2012
(%)
2011
(%)
26.17
72.41
54.81
73.83
27.59
45.19
The percentage of cash and other assets held rose to 73.83% at end 2013 compared to
27.59% at end 2012 in order to accommodate expected redemptions.
2013
(%)
2012
(%)
2011
(%)
98.48
99.68
98.92
1.52
0.32
1.08
2013
(%)
2012
(%)
2011
(%)
97.55
98.75
98.96
2.45
1.25
1.04
Eastspring MY Focus
2013
(%)
2012
(%)
2011
(%)
Quoted equities
86.06
84.38
79.31
13.94
15.62
20.69
228
As at 30 September
2013
(%)
2012
(%)
2011
(%)
81.04
76.62
53.93
5.51
11.42
29.35
13.45
11.96
16.72
Sukuk
During the period under review, we increased our Shariah approved quoted securities as we
believe there is more upside from equities. The global macro backdrop is turning more positive
which points to market trending higher after a phase of volatility.
2013
(%)
2012
(%)
2011
(%)
80.64
86.50
75.65
19.36
13.50
24.35
The Fund increased its cash position due to recent profit taking. The Fund intends to accumulate
stocks during market weakness.

2013
(%)
2012
(%)
2011
(%)
100.00
100.00
100.00
2013
(%)
2012
(%)
2011
(%)
5.07
6.60
28.54
24.05
19.56
60.66
69.27
61.92
10.80
1.61
11.92

Quoted equities
The Fund adopted an underweight fixed income position as at September 2013 due to
uncertainties about the timing of the tapering of the Federal Reserves Quantitative Easing
programme. The Fund had an increased exposure to the collective investment schemes on a
positive outlook for equities.
229
As at 30 June
2013
(%)
2012
(%)
2011
(%)
86.50
87.87
87.56
13.50
12.13
12.44
Eastspring Dynamic
2013
(%)
2012
(%)
2011
(%)
Quoted equities
65.09
79.72
78.31
11.96
17.95
18.32
22.95
2.33
3.37
The Fund reduced the overall equity exposure to take profit on selected stocks towards the end
of the review period.
2013
(%)
2012
(%)
2011
(%)
Quoted equities
87.67
84.18
90.70
12.33
15.82
9.30
2013
(%)
2012
(%)
2011
(%)
37.85
36.09
37.79
60.39
61.57
52.97
1.76
2.34
9.24
2013
(%)
2012
(%)
2011
(%)
97.97
98.70
98.02
2.03
1.30
1.98
230
PAST PERFORMANCE OF THE FUND IS NOT AN INDICATION OF FUTURE PERFORMANCE.
231
This page is intentionally left blank.
232
HISTORICAL FINANCIAL
HIGHLIGHTS OF THE FUND
233
08. HISTORICAL FINANCIAL HIGHLIGHTS OF THE FUND

AUDITED FINANCIAL STATEMENT OF THE FUND
Statement of Comprehensive Income
Financial Year ended 31 March
2014
(RM)
2013
(RM)
2012
(RM)
Investment income
26,027,683
9,115,557
7,479,769
Total expenses
(1,902,105)
(1,450,384)
(1,358,116)
Net income before taxation
24,125,578
7,665,173
6,121,653
Less: Taxation
Net income after taxation
(82,249)
(82,841)
(49,082)
24,043,329
7,582,332
6,072,571
Statement of Financial Position

As at 31 March
2014
(RM)
2013
(RM)
2012
(RM)
Total investments
119,318,849
61,611,611
62,957,831
Total other assets
19,886,387
10,939,133
10,218,379
139,205,236
72,550,744
73,176,210
Total assets
Total liabilities
Net Asset Value or Unit Holders Capital
(356,422)
(158,104)
(134,694)
138,848,814
72,392,640
73,041,516

2014
(RM)
2013
(RM)
2012
(RM)
Investment income
2,256,193
1,533,267
1,194,984
Total expenses
(500,046)
(418,054)
(354,321)
1,756,147
1,115,213
840,663
Less: Taxation
234
(1,721)
550
1,312
1,754,426
1,115,763
841,975

As at 31 March
2014
(RM)
2013
(RM)
2012
(RM)
Total investments
19,173,362
25,272,942
14,828,339
Total other assets
6,058,726
3,122,918
3,488,553
25,232,088
28,395,860
18,316,892
(131,705)
(423,427)
(63,207)
25,100,383
27,972,433
18,253,685
Total assets
Total liabilities

Investment income
Total expenses
Less: Taxation
2014
(RM)
2013
(RM)
2012
(RM)
672,945
801,184
928,420
(293,829)
(214,240)
(220,596)
379,116
586,944
707,824
379,116
586,944
707,824

As at 31 March
2014
(RM)
2013
(RM)
2012
(RM)
Total investments
12,672,876
25,916,179
14,286,425
Total other assets
905,427
2,528,006
983,581
13,578,303
28,444,185
15,270,006
(86,438)
(35,220)
(153,087)
13,491,865
28,408,965
15,116,919
Total assets
Total liabilities
235

2014
(RM)
2013
(RM)
2012
(RM)
Investment income
18,939,618
7,232,794
5,663,439
Total expenses
(1,694,187)
(716,982)
(597,892)
17,245,431
6,515,812
5,065,547
Less: Taxation
17,245,431
6,515,812
5,065,547

As at 31 March
2014
(RM)
2013
(RM)
2012
(RM)
Total investments
687,608,696
247,607,632
167,360,284
Total other assets
10,640
12,192
4,850
687,619,336
247,619,824
167,365,134
(287,160)
(76,694)
(61,272)
687,332,176
247,543,130
167,303,862
Total assets
Total liabilities

Investment income
Total expenses
2014
(RM)
2013
(RM)
2012
(RM)
5,021,276
2,645,557
(5,714,936)
(1,362,290)
(1,674,115)
(1,838,235)
Net income/(loss) before taxation
3,658,986
971,442
(7,553,171)
Less: Taxation
(240,271)
(165,355)
(269,300)
Net income/(loss) after taxation
3,418,715
806,087
(7,822,471)
236

As at 31 March
2014
(RM)
2013
(RM)
2012
(RM)
Total investments
59,650,787
71,355,596
93,966,038
Total other assets
2,248,682
2,417,359
2,841,202
Total assets
61,899,469
73,772,995
96,807,240
Total liabilities
(1,266,958)
(745,657)
(736,647)
60,632,511
73,027,298
96,070,593

Investment income
Total expenses
Less: Taxation
Net (loss)/ income after taxation
2014
(RM)
2013
(RM)
2012
(RM)
(1,504,801)
3,958,384
1,434,848
(342,093)
(717,327)
(712,171)
(1,846,894)
3,241,057
722,677
(1,846,894)
3,241,057
722,677

As at 31 March
2013
(RM)
2012
(RM)
2011
(RM)
Total investments
14,088,549
21,595,486
48,736,061
Total other assets
1,460,406
1,123,304
1,581,671
15,548,955
22,718,790
50,317,732
(226,481)
(743,632)
(3,202,280)
15,322,474
21,975,158
47,115,452
Total assets
Total liabilities
237

2014
(RM)
2013
(RM)
2012
(RM)
148,440
Total expenses
(299,207)
Loss before taxation
(150,767)
(150,767)
Investment income
Less: Taxation
Loss after taxation
As at 31 March
2014
(RM)
2013
(RM)
2012
(RM)
Total investments
17,342,987
Total other assets
1,233,956
18,576,943
(291,534)
18,285,409
Total assets
Total liabilities
Financial Year ended 31 December
Investment income/(loss)
Total expenses
Less: Taxation
238
2013
(RM)
2012
(RM)
2011
(RM)
22,337,277
5,281,331
(2,704,126)
(813,541)
(752,467)
(777,038)
21,523,736
4,528,864
(3,481,164)
(66,705)
(83,007)
(164,734)
21,457,031
4,445,857
(3,645,898)

As at 31 December
2013
(RM)
2012
(RM)
2011
(RM)
Total investments
70,532,340
39,458,045
50,400,056
Total other assets
2,815,206
566,351
447,818
Total assets
73,347,546
40,024,396
50,847,874
Total liabilities
(2,178,323)
(898,932)
(263,316)
71,169,223
39,125,464
50,584,558
Eastspring Growth
2013
(RM)
2012
(RM)
2011
(RM)
21,266,658
15,544,942
(472,125)
Total expenses
(1,729,612)
(1,907,548)
(2,188,904)
19,537,046
13,637,394
(2,661,029)
(179,546)
(208,029)
(344,753)
19,357,500
13,429,365
(3,005,782)
Less: Taxation
As at 31 December
2013
(RM)
2012
(RM)
2011
(RM)
Total investments
112,828,587
107,304,441
128,791,298
Total other assets
801,566
469,940
506,554
113,630,153
107,774,381
129,297,852
(261,925)
(418,926)
(953,034)
113,368,228
107,355,455
128,344,818
Total assets
Total liabilities
239
Eastspring Balanced
2013
(RM)
2012
(RM)
2011
(RM)
Investment income
8,349,752
5,779,047
2,687,851
Total expenses
(852,149)
(847,342)
(878,754)
7,497,603
4,931,705
1,809,097
Less: Taxation
(24,752)
(36,918)
(100,268)
7,472,851
4,894,787
1,708,829

As at 31 December
2013
(RM)
2012
(RM)
2011
(RM)
Total investments
52,923,898
49,908,017
51,902,702
Total other assets
793,902
331,106
731,596
53,717,800
50,239,123
52,634,298
(331,795)
(129,381)
(521,297)
53,386,005
50,109,742
52,113,001
Total assets
Total liabilities
Eastspring Bond
2013
(RM)
2012
(RM)
2011
(RM)
Investment income
10,315,633
12,384,952
11,375,327
Total expenses
(2,653,135)
(2,354,962)
(1,242,776)
7,662,498
10,029,990
10,132,551
7,662,498
10,029,990
10,132,551

Less: Taxation
240

As at 31 December
2013
(RM)
2012
(RM)
2011
(RM)
Total investments
179,185,092
273,511,729
200,380,986
Total other assets
2,760,358
11,591,722
7,988,143
181,945,450
285,103,451
208,369,129
(2,880,805)
(850,955)
(871,324)
179,064,645
284,252,496
207,497,805
Total assets
Total liabilities

2013
(RM)
2012
(RM)
2011
(RM)
Investment income
10,314,136
12,337,048
12,962,723
Total expenses
(1,658,350)
(1,906,273)
(2,097,217)
8,655,786
10,430,775
10,865,506
8,655,786
10,430,775
10,865,506

Less: Taxation
As at 31 December
2013
(RM)
2012
(RM)
2011
(RM)
Total investments
453,012,167
285,160,079
368,916,044
Total other assets
2,441,233
2,471,299
21,984,494
455,453,400
287,631,378
390,900,538
(445,557)
(155,735)
(1,253,597)
455,007,843
287,475,643
389,646,941
Total assets
Total liabilities
241

2013
(RM)
2012
(RM)
2011
(RM)
6,441,617
1,330,582
(9,682,912)
Total expenses
(126,218)
(132,858)
(184,219)
6,315,399
1,197,724
(9,867,131)
Less: Taxation
6,315,399
1,197,724
(9,867,131)

As at 31 December
2013
(RM)
2012
(RM)
2011
(RM)
Total investments
45,216,348
63,082,017
73,937,415
Total other assets
910,487
421,587
1,229,677
46,126,835
63,503,604
75,167,092
(211,015)
(217,232)
(425,418)
45,915,820
63,286,372
74,741,674
Total assets
Total liabilities

2013
(RM)
2012
(RM)
2011
(RM)
1,824,128
7,960,509
(13,151,240)
Total expenses
(199,547)
(261,377)
(383,188)
1,624,581
7,699,132
(13,534,428)
1,624,581
7,699,132
(13,534,428)
Less: Taxation
242

As at 31 December
2013
(RM)
2012
(RM)
2011
(RM)
Total investments
32,966,856
51,817,537
62,094,713
Total other assets
895,430
1,052,999
753,879
33,862,286
52,870,536
62,848,592
(65,774)
(396,223)
(103,736)
33,796,512
52,474,313
62,744,856
Total assets
Total liabilities
Eastspring MY Focus
2013
(RM)
2012
(RM)
2011
(RM)
3,015,932
1,809,758
(493,378)
Total expenses
(344,304)
(392,323)
(255,040)
2,671,628
1,417,435
(748,418)
(14,152)
(7,338)
(10,831)
2,657,476
1,410,097
(759,249)
Less: Taxation
As at 31 December
2013
(RM)
2012
(RM)
2011
(RM)
Total investments
18,886,887
6,166,304
9,532,461
Total other assets
6,365,835
1,188,742
2,828,965
Total assets
25,252,722
7,355,046
12,361,426
Total liabilities
(3,307,241)
(46,205)
(342,153)
21,945,481
7,308,841
12,019,273
243

Financial Year ended 30 September
2013
(RM)
2012
(RM)
2011
(RM)
Investment income
5,379,235
6,843,950
2,807,259
Total expenses
(835,251)
(637,161)
(679,320)
4,543,984
6,206,789
2,127,939
Less: Taxation
(9,702)
(19,401)
(34,230)
4,534,282
6,187,388
2,093,709

As at 30 September
2013
(RM)
2012
(RM)
2011
(RM)
Total investments
48,029,566
32,818,473
26,537,144
Total other assets
7,535,682
4,564,740
5,838,538
55,565,248
37,383,213
32,375,682
(73,593)
(100,060)
(509,859)
55,491,655
37,283,153
31,865,823
Total assets
Total liabilities

2013
(RM)
2012
(RM)
2011
(RM)
Investment income
1,465,714
4,501,079
706,042
Total expenses
(717,887)
(797,392)
(1,161,680)
747,827
3,703,687
(455,638)
Less: Taxation
(20,717)
(78,158)
(94,363)
727,110
3,625,529
(550,001)
244

As at 30 September
2013
(RM)
2012
(RM)
2011
(RM)
Total investments
11,282,111
18,951,031
22,713,180
Total other assets
3,137,805
3,679,291
7,607,662
14,419,916
22,630,322
30,320,842
(428,342)
(731,189)
(303,486)
13,991,574
21,899,133
30,017,356
Total assets
Total liabilities

2013
(RM)
2012
(RM)
2011
(RM)
Investment income
14,874,257
16,598,247
16,834,066
Total expenses
(2,925,193)
(3,269,003)
(3,441,088)
11,949,064
13,329,244
13,392,978
11,949,064
13,329,244
13,392,978
Less: Taxation
As at 30 September
2013
(RM)
2012
(RM)
2011
(RM)
Total investments
331,012,847
499,875,965
597,519,068
Total other assets
9,791
7,462
5,530
331,022,638
499,883,427
597,524,598
(239,434)
(322,398)
(298,238)
330,783,204
499,561,029
597,226,360
Total assets
Total liabilities
245

2013
(RM)
2012
(RM)
2011
(RM)
1,023,007
2,487,200
2,742,901
Total expenses
(322,795)
(528,251)
(795,596)
700,212
1,958,949
1,947,305

Less: Taxation
(2,232)
(2,933)
(35,441)
697,980
1,956,016
1,911,864

As at 30 September
2013
(RM)
2012
(RM)
2011
(RM)
Total investments
15,120,760
26,315,221
35,647,139
Total other assets
2,208,159
754,625
5,004,616
17,328,919
27,069,846
40,651,755
(376,258)
(325,932)
(181,507)
16,952,661
26,743,914
40,470,248
Total assets
Total liabilities

Financial Year ended 30 June
2013
(RM)
2012
(RM)
2011
(RM)
2,848,908
(4,200,463)
11,032,191
Total expenses
(973,203)
(988,077)
(1,484,496)
1,875,705
(5,188,540)
9,547,695
(98,634)
(108,051)
(155,928)
1,777,071
(5,296,591)
9,391,767
Less: Taxation
246

As at 30 June
2013
(RM)
2012
(RM)
2011
(RM)
Total investments
36,257,013
34,512,962
38,005,573
Total other assets
5,824,781
5,741,214
6,129,520
42,081,794
40,254,176
44,135,093
(166,595)
(977,039)
(716,852)
41,915,199
39,277,137
43,418,241
Total assets
Total liabilities
Eastspring Dynamic
2013
(RM)
2012
(RM)
2011
(RM)
5,917,824
(1,155,139)
8,559,290
Total expenses
(667,121)
(608,650)
(675,933)
5,250,703
(1,763,789)
7,883,357
(57,759)
(56,627)
(98,314)
5,192,944
(1,820,416)
7,785,043
Less: Taxation
As at 30 June
2013
(RM)
2012
(RM)
2011
(RM)
Total investments
26,820,366
33,477,230
38,745,403
Total other assets
8,075,660
2,263,186
1,343,746
34,896,026
35,740,416
40,089,149
(63,339)
(1,466,503)
(73,711)
34,832,687
34,273,913
40,015,438
Total assets
Total liabilities
247

2013
(RM)
2012
(RM)
2011
(RM)
Investment income
13,560,684
6,858,674
12,356,532
Total expenses
(1,748,947)
(1,291,741)
(1,012,913)
11,811,737
5,566,933
11,343,619
Less: Taxation
(92,592)
(133,887)
(122,105)
11,719,145
5,433,046
11,221,514

As at 30 June
2013
(RM)
2012
(RM)
2011
(RM)
Total investments
64,862,032
51,354,269
52,167,473
Total other assets
9,482,462
11,911,132
5,628,652
74,344,494
63,265,401
57,796,125
(349,129)
(2,259,100)
(281,658)
73,995,365
61,006,301
57,514,467
Total assets
Total liabilities

Total expenses
Less: Taxation
248
2013
(RM)
2012
(RM)
2011
(RM)
4,712,222
(3,904,552)
11,227,226
(1,128,028)
(1,635,194)
(2,548,345)
3,584,194
(5,539,746)
8,678,881
3,584,194
(5,539,746)
8,678,881

As at 30 June
2013
(RM)
2012
(RM)
2011
(RM)
Total investments
60,038,404
82,449,272
115,162,759
Total other assets
1,437,337
2,413,591
11,390,796
61,475,741
84,862,863
126,553,555
(352,742)
(436,540)
(340,449)
61,122,999
84,426,323
126,213,106
Total assets
Total liabilities

Total expenses
Less: Taxation
2013
(RM)
2012
(RM)
2011
(RM)
8,083,422
(3,918,483)
11,110,148
(62,617)
(94,730)
(117,782)
8,020,805
(4,013,213)
10,992,366
8,020,805
(4,013,213)
10,992,366

As at 30 June
2013
(RM)
2012
(RM)
2011
(RM)
Total investments
41,394,216
46,821,901
60,773,669
Total other assets
1,042,564
767,786
1,817,481
42,436,780
47,589,687
62,591,150
(183,700)
(150,759)
(588,773)
42,253,080
47,438,928
62,002,377
Total assets
Total liabilities
249
Note: Eastspring ASEAN al-Adiil. This Fund has been in operation since 28 October 2013 and its
first financial year end is on 30 June 2014. As this Fund is newly launched, there are no historical
financial highlights as yet.
Note: The Shariah adviser confirms that the investment portfolio of Eastspring Dana al-Ilham,
Eastspring Dana al-Islah, Eastspring Dana Wafi, Eastspring Islamic Income, Eastspring Dana
Dinamik, Eastspring Asia Pacific Shariah Equity, Eastspring Dinasti Equity and Eastspring ASEAN
al-Adiil comprise securities which have been classified as Shariah-compliant by the SACSC and/or
the Shariah Board of the relevant Islamic indices. As for the securities which are not certified by
the SACSC and/or the Shariah Board of the relevant Islamic indices, they have reviewed the said
securities and opined that these securities are designated as Shariah-compliant.
250
251
(237,989)
(285,407)
(256,154)
(705,247)
(1,538,397)
(736,313)
Eastspring Growth
Eastspring Balanced
Financial year ended 31 December 2013
(973,917)
(1,423,968)
(390,524)
(1,269,796)
RM
1.50
1.50
1.50
1.16
1.80
1.50
0.25
1.00
1.50
1.50
%*
Management Feef
Financial year ended 31 March 2014
Name of Funds
(49,088)
(102,560)
(47,016)
(18,000)
^(18,000)
(45,449)
(227,835)
(18,661)
(18,344)
(59,257)
RM
0.10
0.10
0.10
0.08
0.11
0.07
0.04
0.07
0.07
0.07
%*
Trustee Fee
The percentage is reflected as a percentage of average NAV.

Management fee is computed after netting off the fee rebates received, if any.
Minimum trustees fee imposed to the Fund
Fund expenses exclude transaction cost
(66,748)
(88,655)
(61,278)
(25,053)
(38,686)
(157,446)
(42,384)
(37,179)
(52,226)
(72,069)
RM
0.14
0.09
0.13
0.11
0.25
0.24
0.01
0.16
0.20
0.09
%*
(852,149)
(1,729,612)
(813,541)
(299,207)
(342,093)
(1,176,812)
(1,694,187)
(293,829)
(461,094)
(1,401,122)
RM
1.74
1.69
1.73
1.35
2.16
1.81
0.30
1.23
1.77
1.66
%*
Fund Expenses# Total Annual Expenses
The table below shows the total annual expenses incurred by the Fund in their respective preceding financial year.
TOTAL ANNUAL EXPENSES INCURRED BY THE FUND
252

f(129,567)

Markets
1.29
(2,780,745)
f(273,307)
0.03
f(12,452)
1.50
1.50
(979,435)
1.25
(1,054,993)
(428,367)
Eastspring Dynamic
1.80
(743,319)
Financial Year ended 30 June 2013
0.60
(374,212)

Equity
1.80
(545,826)
1.25
1.50
Financial year ended 30 September 2013
(111,519)
f(38,462)
Eastspring MY Focus
(1,471,268)
0.32
0.50
0.07
(2,397,360)
1.00
%*
Eastspring Bond
RM
Management Feef
Financial year ended 31 December 2013
Name of Funds
(30,347)
(49,233)
(45,707)
(23,989)
(33,036)
(18,000)
(139,037)
(18,000)
(30,566)
^(18,000)
(32,062)
(36,499)
(147,127)
(191,789)
RM
0.07
0.07
0.07
0.07
0.08
0.09
0.03
0.08
0.07
0.24
0.08
0.07
0.05
0.08
%*
Trustee Fee
(19,818)
(23,802)
(32,496)
(23,627)
(56,674)
(26,258)
(5,411)
(119,291)
(42,439)
(40,320)
(37,918)
(51,257)
(39,955)
(63,986)
RM
0.04
0.03
0.05
0.07
0.14
0.13
0.58
0.10
0.54
0.10
0.10
0.01
0.03
%*
(62,617)
(1,128,028)
(1,057,638)
(475,983)
(833,029)
(317,565)
(2,925,193)
(511,503)
(618,831)
(169,839)
(199,547)
(126,218)
(1,658,350)
(2,653,135)
RM
0.14
1.60
1.62
1.39
2.02
1.50
0.63
2.46
1.42
2.28
0.50
0.24
0.56
1.11
%*
Fund Expenses# Total Annual Expenses
MANAGEMENT EXPENSE RATIO (MER)

The following table reflects the MER of the Fund for the three (3) most recent financial years.
Fund name
Financial year ended 31 March

2014
2013
2012
1.66
1.64
1.66
1.77
1.77
1.81
1.23
1.34
1.28
0.30
0.33
0.35
1.81
1.74
1.89
2.16
1.94
1.69
1.35
Fund name
Financial year ended 31 December

2013
2012
2011
1.73
1.68
1.66
Eastspring Growth
1.69
1.65
1.64
Eastspring Balanced
1.74
1.68
1.67
Eastspring Bond
1.11
1.10
1.11
0.56
0.56
0.56
0.24
0.19
0.20
0.50
0.46
0.46
2.28
1.89
1.60
Eastspring MY Focus
Fund name
Financial year ended 30 September

2013
2012
2011
1.42
1.44
1.47
2.46
2.28
2.18
0.63
0.63
0.63
1.50
1.47
1.41
Fund name
Financial year ended 30 September

2013
2012
2011
2.02
2.08
2.19
Eastspring Dynamic
1.39
1.44
1.45
1.62
1.64
1.66
1.60
1.61
1.60
0.14
0.19
0.17
253
Explanation of any significant change in the MER of the Fund

Financial year ended 31 March 2014:
There has been no significant change in the MER of Eastspring Dana al-Ilham, Eastspring Dana
al-Islah, Eastspring Dana Wafi, Eastspring Islamic Income, Eastspring Asia Pacific Equity MY and
Eastspring Indonesia Equity MY for the period under review.
Financial year ended 31 December 2013:
There has been no significant change in the MER of Eastspring Small-cap Fund, Eastspring
Growth, Eastspring Balanced, Eastspring Bond, Eastspring Cash Management, Eastspring Global
Basics MY and Eastspring Global Emerging Markets. Eastspring MY Focus registered a higher
MER for the financial year ended 31 December 2013 compared to the financial year ended 31
December 2012 due to higher number of transaction during the period under review.
Financial year ended 30 September 2013:
There has been no significant change in the MER of Eastspring Dana Dinamik, Eastspring Asia
Pacific Shariah Equity, Eastspring Institutional Income and Eastspring Enhanced Income for the
period under review.
Financial year ended 30 June 2013:
There has been no significant change to the MER of Eastspring Dinasti Equity, Eastspring Dynamic,
Eastspring Equity Income, Eastspring Asia Select Income and Eastspring Global Leaders MY for the
period under review.
Note: Eastspring ASEAN al-Adiil: This Fund has been in operation since 28 October 2013 and its
first financial year end is on 30 June 2014. As this Fund is newly launched, there are no historical
financial highlights as yet.
PAST PERFORMANCE OF THE FUND IS NOT AN INDICATION OF FUTURE PERFORMANCE.
THE AUDITED FINANCIAL STATEMENTS OF THE FUNDS ARE DISCLOSED IN THE RESPECTIVE FUNDS
ANNUAL REPORTS AND THE ANNUAL REPORTS ARE AVAILABLE UPON REQUEST.
254
255
09. FEES, CHARGES AND EXPENSES

EPF has introduced the EPF Members Investment Scheme in 1996 as an option for its members
to withdraw part of their EPF contribution to be invested into alternative investments with
the potential to increase their retirement savings. These alternative investments can be made
through a panel of appointed fund management institution under the EPF Members Investment
Scheme who are required to comply with the Guidelines on Employees Provident Fund Members
Investment Scheme and Fund Management Institution.
EPF MEMBERS INVESTMENT SCHEME

To be eligible under the EPF Members Investment Scheme, EPF members must have Account 1
savings of at least RM5,000.00. Members who qualify are given the option to make an
investment through the appointed fund management institution appointed under the EPF
Members Investment Scheme.
EPF members can choose to invest through the appointed fund management institution that offer
unit trust funds approved by the EPF. EPF members are only allowed to invest in equity funds,
balanced funds, bond funds or money market funds. The funds approved under the EPF Members
Investment Scheme will be subject to an annual evaluation to enable it to be contiuously eligible
on offer for the following years.
EPF members need to be aware of the risks in alternative investments and they are responsible to
invest wisely.
EPF members are advised to make their investments at the right time and to monitor their
investments constantly. This will allow EPF members to liquidate their investments at the right
time so as to make profit from their investment.
For more information on the EPF Members Investment Scheme, please visit EPFs website at
www.kwsp.gov.my.
256
CHARGES DIRECTLY INCURRED

The table below sets out:
the charges you will incur directly when purchasing or selling Units of the Fund; and
the maximum sales charge and repurchase charge which each of the Managers Authorised
Distributors can impose on you.
Sales charge^#
Repurchase charge
Fund name
Switching fee
MONEY MARKET FUND

Eastspring Cash
Management
Nil
Nil
Refer note 3
Nil
Nil
Up to 0.50% or
RM1,000;
whichever is lower
Eastspring Islamic
Income
BOND FUND
Eastspring Bond
Up to 2.00%
Refer note 2
Eastspring
Nil
Eastspring Enhanced
Income
Up to 3.00%
Eastspring Dana
Wafi
Nil
Eastspring Dana
al-Islah
Up to 3.00%
Not applicable
Up to 0.50% or
RM1,000;
whichever is lower
Refer note 2
BALANCED FUND
Eastspring Balanced
Up to 5.26%
Eastspring Asia
Select Income
Up to 5.00%
Eastspring ASEAN
al-Adiil
Up to 5.50%
Nil
Up to 0.50% or
RM1,000;
whichever is lower
Refer note 2
Up to 0.50%
Refer note 1
__________________________
257
Fund name
Sales charge^#
Repurchase charge
Up to 5.00%
Nil
Switching fee
MIXED ASSET FUND

Eastspring Dynamic
Eastspring Dana
Dinamik
Up to 0.50% or
RM1,000;
whichever is lower
Refer note 2
EQUITY FUND
Up to 5.26%
Nil
Eastspring Growth
Eastspring Equity
Income
Up to 5.00%
Up to 0.50% or
RM1,000;
whichever is lower
Refer note 2
Eastspring MY Focus
Eastspring Asia
Pacific Equity MY
Eastspring Dana
al-Ilham
Up to 5.26%
Eastspring Asia
Pacific Shariah
Equity
Up to 6.00%
Eastspring Dinasti
Equity
Up to 5.50%
Up to 0.50%
Refer note 1
FEEDER FUND
Equity MY
Up to 5.50%
Eastspring Global
Emerging Markets
Up to 6.00%
Up to 0.50%
Refer note 1
Nil
Up to 0.50% or
RM1,000;
whichever is lower
Refer note 2
Eastspring Global
Basics MY
Eastspring Global
Leaders MY
Up to 5.00%
__________________________
258
Switching from a Shariah-compliant fund to a conventional fund is not encouraged especially for
Muslim Unit Holders.
There is no transfer fee.
Other charges of the Fund; for instance bank charges, telegraphic or online transfer charges and
courier charges shall be borne by the Unit Holder in order to execute transactions on behalf of the
Unit Holder.
Please refer to page 265 for illustration on how the charges directly incurred by you when
purchasing or redeeming Units of the Fund are calculated.
Note 1: Up to 0.50% of the NAV per Unit is imposed on the redemption request made within
three (3) months from the date of investment.
The repurchase charge will be retained by the Manager.
Note 2: Up to 0.50% of the NAV per Unit is imposed on the total switched amount or RM1,000;
whichever is lower, on switches made within three (3) months from the date of investment or
date of switching into the Fund. In addition, an investor is required to pay a sales charge where
applicable when switching into another fund. Investor will be charged the difference between the
sales charges of these two (2) transacted funds. However, no sales charge will be imposed if the
fund to be switched into has a lower sales charge.
Please refer to pages 273-274 for details.
The switching fee will be retained by the Manager.
Note 3: Investor is required to pay a sales charge, where applicable when switching into
another fund. Investor will be charged the difference between the sales charges of these two (2)
transacted funds.
259
FEES AND EXPENSES INDIRECTLY INCURRED

The table below sets out the fees and expenses which you will incur indirectly when you invest in
the Fund. The annual management fee is calculated and accrued daily; and payable monthly to the
Manager. The annual trustee fee is calculated and accrued daily; and payable monthly to the Trustee.
Fund name
Annual trustee fee
MONEY MARKET FUND

Eastspring Cash
Management
Eastspring Islamic
Income
Up to 0.50%

BOND FUND
Eastspring Bond
Up to 1.00%

Up to 1.25%

Income
Up to 0.60%

a maximum of RM350,000 per
annum
Eastspring Enhanced
Income
Up to 1.50%

Up to 1.00%
Eastspring Dana
al-Islah
Up to 1.50%

BALANCED FUND
Eastspring Balanced
Up to 1.50%


Income
Up to 1.50%

a maximum of RM350,000
per annum (excluding foreign
Eastspring ASEAN
al-Adiil
Up to 1.80%
260
Refer note 4

Fund name
Annual trustee fee
Up to 1.25%

Up to 1.50%
Eastspring Growth

Eastspring Equity
Income

Eastspring MY Focus


Equity MY

Eastspring Dana
al-Ilham

MIXED ASSET FUND

Eastspring Dynamic
Eastspring Dana
Dinamik
EQUITY FUND

Shariah Equity
Up to 1.80%

Equity MY
Up to 1.80%

Eastspring Global
Emerging Markets
Up to 1.80%
Eastspring Dinasti
Equity
FEEDER FUND
Refer note 4
Refer note 5
Eastspring Global
Basics MY
Eastspring Global
Leaders MY

Up to 1.75%
Refer note 5

of RM18,000 per annum and a
maximum of RM350,000 per annum
(excluding foreign custodian fees
and charges)
261
Note 4: There is no double charging of the annual management fee on the Target Fund, as the
Fund invests in Class D shares of the Target Fund which does not impose any annual management
fee.
Note 5: The Investment Manager of the Target Fund will rebate in full the annual management
fee into the Fund. Therefore, there will be no double charging of the annual management fee
on the Fund.
List of expenses directly related to the Fund:

commissions or fees paid to dealers or brokers (where applicable)
auditors fee
tax advisers fee
Shariah advisers fee (applicable for Shariah-compliant Fund)
valuation fee*
taxes
custodial charges (i.e. foreign sub-custodial charges only)
cost of printing the annual or interim reports
independent investment committee member fee
any government levies will be borne by the Fund
* Only fees incurred for the valuation for any investments of the Fund by independent valuers for the benefit
of the Fund.
Only expenses that are directly related and necessary for the operation and administration of the Fund may
be charged to the Fund. The allowable fees and charges are set out in the Deed.
For details of computation of annual management fee and annual trustee fee, please refer to
page 264.
Investors should note that the exact fees and charges incurred by the Fund in respect of the
Target Funds investment into ETFs are currently not ascertainable. In addition, investor should also
note that the fees and charges of an underlying ETF (including fees and charges which may be
0.10% or more of that underlying ETFs asset value) may not be available.
Note : The above fees and charges are exclusive of Goods and Services Tax (GST) or any other
similar sales tax or levy which are payable by you.
Commission payable
The sales and other commission payable to the Managers Authorised Distributors are not paid
from the Fund but from the sales charges retained by the Manager on a sale of Units.
262
Other charges
In executing transactions upon Unit Holders request, certain charges may be incurred. Unit
Holders shall bear these transaction charges, for instance bank charges, telegraphic or online
transfer charges and courier charges. The Manager reserves the right to vary such conditions from
time to time, which shall be communicated to Unit Holders in writing.
REBATES AND SOFT COMMISSIONS

Neither the Trustee nor the Manager is entitled to any rebates or to share in any commission
from any dealer or broker in consideration for direct dealings in the investments of the Fund.
Accordingly, any rebates and shared commissions will be directed to the account of the Fund.
Notwithstanding the aforesaid, the Manager may receive goods or services by way of soft
commissions provided always that the goods or services are of demonstrable benefit to the Unit
Holder and that the execution of a transaction is consistent with the best execution standards.
Soft commissions which are not allowed include, among others, entertainment allowance, travel,
accommodation and membership fee.
THERE ARE FEES AND CHARGES INVOLVED AND INVESTORS ARE ADVISED TO CONSIDER THEM
BEFORE INVESTING IN THE FUND.
263
CALCULATION OF UNIT PRICES

Pricing
Computation of NAV
NAV per Unit = NAV of the Fund / Units in circulation
Illustration : Computation of the NAV
Less :
Add :
Less :
NAV before deducting management fee and

trustee fee for the day
RM 256,581,864
Management fee for the day (1.80% per annum)

256,581,864 x 1.80% / 365
RM
12,653
Rebate of Target Fund Management fee

(1.30% per annum) 40,000,000 x 1.30% / 365
RM
1,425
Trustee fee for the day (0.07% per annum)

256,581,864 x 0.07% / 365
RM
492
NAV
(A)
RM 256,570,144
Units in circulation
(B)
510,257,649
NAV per Unit (a) / (b)
RM 0.50282469
NAV per Unit (rounded to four decimal places)
RM
0.5028
Pricing Policy
Single pricing policy
The Manager adopts the single pricing policy, i.e. the selling price and repurchase price is the NAV
per Unit rounded to four (4) decimal places.
Forward pricing
The Fund is valued on a forward pricing basis. The daily NAV per Unit is valued at the next
valuation point after the application to purchase or redeem Units is received by the Manager.
Incorrect pricing policy
The Manager shall ensure that the Fund and the Units are correctly valued and priced according
to the Deed and all relevant laws. Where there is an error in the valuation of the Fund, any
incorrect pricing of Units which is deemed to be significant, the Manager shall take remedial
264
action to correct the error. The Managers remedial action will involve the reimbursement of
money in the following manner:
(a) if there is an over pricing in relation to the purchase and creation of Units, the Fund shall
reimburse the Unit Holder;
(b) if there is an over pricing in relation to the redemption of Units, the Manager shall reimburse
the Fund;
(c) if there is an under pricing in relation to the purchase and creation of Units, the Manager
shall reimburse the Fund; and
(d) if there is an under pricing in relation to the redemption of Units, the Fund shall reimburse the
Unit Holder or former Unit Holder.
Reimbursement of money shall be made to Unit Holder if the incorrect pricing:
(a) is equal or more than 0.50% of the NAV per Unit; and
(b) results in a sum total of RM10.00 or more.
Selling price
Illustration : Computation of the selling price
Add :
Divide :
Investment amount
RM
10,000.00
Sales charge (5.00% X RM10,000)
RM
500.00
Total amount payable by you
RM
10,500.00
Investment amount
RM
10,000.00
NAV per Unit
RM
0.5000
Number of Units purchased
20,000.00
Repurchase price
Illustration : Computation of the repurchase price
Units intended for redemption
Less :
20,000.00
Repurchase amount (20,000 Units @ RM0.5050)
RM
10,100.00
Repurchase charge (0.50% X RM10,100)
RM
(50.50)
Net amount payable to you
RM
10,049.50
265
THE MANAGER MAY FOR ANY REASON AT ANY TIME, WAIVE OR REDUCE THE AMOUNT OF ANY FEES
(EXCEPT FOR TRUSTEE FEE) OR OTHER CHARGES PAYABLE BY YOU IN RESPECT OF ANY FUND. THIS MAY
APPLY EITHER GENERALLY (FOR ALL INVESTORS) OR SPECIFICALLY (FOR ANY PARTICULAR INVESTOR) AND
FOR ANY PERIOD OR PERIODS OF TIME AT OUR DISCRETION.
THE NAV PER UNIT OF THE FUND IS PUBLISHED DAILY IN MAJOR NEWSPAPERS. HOWEVER, SHOULD
THERE BE ANY INCONSISTENCIES BETWEEN THE PRICE PUBLISHED AND THE PRICE THE MANAGER
HAS ADOPTED; THE MANAGERS PRICE SHALL BE ADOPTED INSTEAD OF THE PRICE PUBLISHED
IN THE NEWSPAPERS. WHILE THE MANAGER CAN ENSURE THAT THE PRICES FORWARDED TO THE
NEWSPAPERS ARE ACCURATE, THE MANAGER HOWEVER CANNOT ASSUME ANY RESPONSIBILITY
OR BE LIABLE FOR ANY ERROR IN PRICES FINALLY PUBLISHED IN THE NEWSPAPERS.
266
TRANSACTION INFORMATION
267
10. TRANSACTION INFORMATION

DISTRIBUTION CHANNELS
The Fund is distributed through the Managers head office, branches, and Authorised Distributors.
Please refer to the Directory of Sales Office and List of Distribution Channels sections at the end
of this master prospectus for more information.
HOW TO PURCHASE UNITS

When purchasing Units of the Fund, Unit Holders must forward the following completed forms to
the Manager:
Individual
Non-individual
Transaction form - buy
Transaction form - buy
Proof of payment which is acceptable

by the Manager
Proof of payment which is acceptable

by the Manager
First time new investor
First time new investor
FiMM Pre-investment form
Suitability assessment form
Suitability assessment form
Master account application form
Master account application form
Certified true copy of photocopy of

certificate of incorporation
Certified true copy of photocopy

of identity card, passport or other
identification

form 24 and form 49
memorandum and articles of association
or constitution or by-laws
Certified true copy of relevant board of
directors resolution
Unit Holders may be required to forward to the Manager additional documents to authenticate
your identification when transacting Units of the Funds. The Manager reserves the right to reject
any application without providing any reason.
The Manager allows Unit Holders the convenience of maintaining all your investments in ONE
single master account regardless of the number of funds in which you invest with the Manager.
Should Unit Holders wish to consider investments, subsequent investments, redemption,
switching or transfer of Units, Unit Holders must complete the relevant transaction forms which
can be obtained from the Managers head office, branches and Authorised Distributors.
268
PURCHASE REQUEST AND ACCEPTANCE

Cash and EPF investment
Purchase request should be made before the cut-off time of 4.00 p.m. on any Business Day
except Eastspring Cash Management, Eastspring Institutional Income and Eastspring Islamic
Income. The Units will be issued at the NAV per Unit calculated at the next valuation point (i.e.
forward pricing). The cut-off time will be determined based on the time and date stamp made at
the Managers head office and branches.
When purchase application is received after the cut-off time stated above, the application will be
deemed to have been received on the next Business Day. The Manager reserves the right to vary
the terms and conditions of investment and payment modes from time to time, which shall be
communicated to you in writing. The Manager reserves the right to reject any application without
providing any reason. The Manager may also reject any application that is incomplete and/or not
accompanied by the required documents.
Upon confirming your purchase of Units, you will receive a confirmation of the master account
details and confirmation advice - buy.
EPF Members Investment Scheme
EPF investor may withdraw from the EPF Account 1, to be invested in a Fund (as per requirements
of the EPF Members Investment Scheme). Investors are required to complete an EPF withdrawal
form, i.e. Borang KWSP 9N (AHL) for each application for withdrawal to invest via the EPF
Members Investment Scheme. The list of Funds that is allowed under the EPF Members
Investment Scheme will be updated on the website at www.kwsp.gov.my as and when the EPF
revises the list.
Eastspring Islamic Income and Eastspring Cash Management
When the Manager receives purchase application of the two Funds above, NAV price shall be
determined as follows:
Payment mode
NAV price
Telegraphic or Online transfer by 12.00 noon
Same Business Day
Cheque by 12.00 noon
Business Day when cheque is cleared

When the Manager receives purchase application of the Fund above, NAV price shall be
determined as follows:
Payment mode
NAV price
Telegraphic or Online transfer by 10.30 a.m
Same Business Day
Cheque by 10.30 a.m
Business Day when cheque is cleared
269
HOW TO PAY FOR AN INVESTMENT

When purchasing Units, Unit Holders are advised to issue cheque or bank draft made payable to
Eastspring Investments Berhad.
Cheques can be deposited directly into the Managers bank account by using a bank deposit slip
at any branch of the Managers principal bankers stated below. The original clients copy of the
bank deposit slip (proof of payment) must be sent together with your application for Units.
Unit Holders can make payment via telegraphic or online transfer by submitting the telegraphic or
online transfer statement together with your application for Units to the Manager.
Investors are advised not to make payment in cash when purchasing units of the fund via
any institutional or retail agent.
Details of the Managers principal bank accounts are as follows:
Bank
Account No
Malayan Banking Berhad
514011-576079
Standard Chartered Bank Malaysia Berhad
312-143583032
HSBC Bank Malaysia Berhad
305-417255-101
Deutsche Bank (Malaysia) Berhad
0003111-00-0
HOW TO REDEEM UNITS

Unit Holders may redeem all or some of the Units held on any Business Day by completing a
transaction form sell.
Redemption request should be made before the cut-off time of 4.00 p.m. on any Business Day
Income.
In the event the Manager receives redemption request exceeding 30% of the Funds NAV, the
Manager may implement the special redemption mechanism. This special redemption mechanism
is applicable to Eastspring Investments Master Trust, Eastspring Investments Islamic Trust and
Eastspring Islamic Income. Please refer to the special redemption mechanism as stipulated in the
Approvals and Conditions section.
Redemption application for Eastspring Islamic Income, Eastspring Cash Management and
Eastspring Institutional Income should be made before the cut-off time on any Business Day
which is as follows:
270
Fund name
Cut-off time
12.00 noon
10.30 a.m
The Units will be redeemed at the NAV per Unit calculated at the next valuation point (i.e.
forward pricing). The cut-off time will be determined based on the time and date stamp made at
the Managers head office and branches.
When the redemption application is received after the cut-off time as stated above, the
application will be deemed to have been received on the next Business Day. The Manager reserves
the right to vary the terms and conditions of redemption mode from time to time, which shall be
communicated to you in writing.
The Manager reserves the right to charge 0.50% of the NAV per Unit of the Fund if a redemption
request is made within three (3) months from the date of investment for Eastspring Dinasti Equity
and Eastspring Indonesia Equity MY.
Upon confirming your redemption of Units, you will receive a confirmation advice - sell.
Any correspondence and cheques will ONLY be sent to you at the correspondence address that is
registered by the Manager as provided in your application form.
For investments made under the EPF Members Investment Scheme, redemption proceeds will be
paid to the EPF to credit into your EPF account.
In the event if the Units carry more than one Unit Holders name, i.e. Joint Application,
redemption application will be signed by all the joint holders. If the application specifies Either
Applicant to sign, any one Unit Holder who is registered as a joint holder will have the authority
to request for a redemption of Units. In all cases, the redemption proceeds will be paid to the
first-named joint holder in the register.
The Manager shall despatch the redemption proceeds to you within ten (10) calendar days from
the date the Manager receives the duly completed transaction form - sell. Payment will be made
via E-payment according to your bank account details as stated in the duly completed transaction
form - sell. If you redeem immediately after the purchase of Units, the Manager shall have the
right to withhold the redemption application until sufficient time has elapsed to ensure that the
amount remitted by you (for purchase of Units) is realised and credited to the Managers principal
bank account.
271
COOLING-OFF PERIOD & COOLING-OFF RIGHT

The cooling-off right is only given to a qualified investor. A qualified investor is a person who is
investing in any of the unit trust funds managed by the Manager for the first time but shall not
include the following persons:a corporation or institution;
the Managers staff; and
persons registered with a body approved by the SC to deal in unit trusts.
The cooling-off right allows Unit Holders the opportunity to reverse an investment decision which
could have been unduly influenced by certain external elements or factors.
The refund to the Unit Holder pursuant to the exercise of his cooling-off right shall not be less
than the sum of:
a) the NAV per Unit on the day the Units were first purchased; and
b) the sales charge originally imposed on the day the Units were purchased.
The cooling-off period shall be within six (6) Business Days which shall be effective from the date
the Manager receives the duly completed transaction form - sell.
You may exercise your cooling-off right on any Business Day by giving written notice to the
Manager.
Cooling-off request should be made before the cut-off time of 4.00 p.m. on any Business Day
Income.
Cooling-off request for Eastspring Islamic Income, Eastspring Cash Management and Eastspring
Institutional Income should be made before the cut-off time on any Business Day which is as
follows:
Fund name
Cut-off time
12.00 noon
10.30 a.m
The cut-off time will be determined based on the time and date stamp made at the Managers
head office and branches.
When a cooling-off application is received after the cut-off time as stated above, the application
will be deemed to have been received on the next Business Day. The Manager reserves the
right to vary the terms and conditions of cooling-off mode from time to time, which shall be
272
Upon confirming your cooling-off of Units, you will receive a confirmation advice cooling-off.
Cooling-off proceeds will only be paid to the investor once the Manager has received cleared
funds for the original investment. Such proceeds shall be refunded to you within ten (10) calendar
days from the Managers receipt of the application for cooling-off.
No cooling-off period for the investment under EPF Members Investment Scheme.
SWITCHING BETWEEN FUNDS

Unit Holders are allowed to switch Units held in the Fund into another fund denominated in the
same currency by completing a transaction form - switch.
The switching facility is to assist Unit Holder in moving their investment between funds managed
by the Manager subject to a fee. Switching of Units is effectively a request to redeem all or partial
units in one fund, and investing the net proceeds into another fund managed by the Manager.
Unit Holder.
The minimum switching is 1,000 Units or all Units in a Unit Holders account. If the balance of
Units in a Unit Holders account is less than 1,000 Units after a switching request is made, all
Units in the Fund the Unit Holder holds will be switched automatically. However, the minimum
switching (in or out) for Eastspring Cash Management is 10,000 Units.
Switching application should be made before the cut-off time of 4.00 p.m. on any Business Day
except Eastspring Cash Management and Eastspring Islamic Income.
Switching application for Eastspring Islamic Income and Eastspring Cash Management should be
made before the cut-off time of 12.00 noon on any Business Day.
The Units will be switched at NAV per Unit calculated at the next valuation point (i.e. forward
pricing). The cut-off time will be determined based on the time and date stamp made at the
Managers head office and branches.
When a switching application is received after the cut-off time stated above, the application
will be deemed to have been received on the next Business Day. The Manager reserves the
right to vary the terms and conditions of switching mode from time to time, which shall be
For switches made within three (3) months from the date of investment or date of switching
into the Fund, a switching fee of 0.50% is imposed on the total switched amount or RM1,000;
whichever is lower or all Funds except Eastspring Cash Management and Eastspring Islamic Income.
The Manager reserves the right to charge the differential sales charge between the two (2) Funds.
273
The table below sets out the switching between funds with different sales charge.
Switching
from existing
fund
Switching to intended fund

Fund with
NO sales charge
Fund with
sales charge
Fund with NO
sales charge
Switch at NAV
per Unit of the
Fund
Fund with sales charge

Switch at NAV per Unit of the Fund, the differential
sales charge between the two (2) Funds shall be borne
by the Unit Holder
Note: If a switch is made into the Units of the Fund
from other fund with a higher sales charge imposed,
no sales charge will be imposed on the Unit Holder.
The table below sets out as a guide when the Unit Holder switches out of a fund into another fund
managed by the Manager. All switches will be transacted on the same day except the following:
Switch out
Switch in
Switch out date
Switch in date
Local equity funds
Money market funds
T day
T+1 day
Offshore equity funds
Money market funds
T day
T+4 days
Money market funds
Money market funds
T day
T+1 day
Upon confirming your switching of Units, you will receive a confirmation advice switch.
Unit Holders.
TRANSFER OF UNITS
Unit Holders may transfer some or all of their Units held in the Fund to another Unit Holder by
completing a transaction form transfer. A transfer will be effected subject to the minimum
balance and terms and conditions applicable for the respective fund(s). However, Unit Holders
both the transferor and transferee should maintain the minimum Unit holding requirement for the
respective Funds after the transfer is made.
Transfer of Units applications should be made before the cut-off time of 4.00 p.m. on any
Business Day. The cut-off time will be determined based on the time and date stamp made at the
Managers head office and branches.
When a transfer application is received after the cut-off time stated above, the application will be
deemed to have been received on the next Business Day. The Manager reserves the right to vary the
terms and conditions of transfer from time to time, which shall be communicated to you in writing.
Upon confirming your transfer of Units, you will receive a confirmation advice transfer.
For a transfer in an IUTA nominee account, Unit Holder is required to redeem the Units in the
particular Fund and invest through the IUTA.
274
HOW TO KEEP TRACK OF YOUR INVESTMENT

Unit Holders will receive annual and interim reports of the Fund detailing the performance and
investment updates of the Fund.
Unit Holders can always contact the Managers client services personnel to assist in the following:
1. enquiry on latest Unit price and balance of account;
2. any transaction related enquiries, for example switching, top up investment, transfer and etc;
3. request to change personal details, for example address, telephone no and etc;
4. request for confirmation advices on purchase and other transactions related to your Unit
holdings, half yearly statements and copy of annual and/or interim reports; and
5. other queries regarding the Funds performance.
Unit Holders may communicate with the Manager via:
Client services tel: 603-2332 1000
Client services fax: 603-2052 3366
Email: cs.my@eastspring.com
Unit Holders can obtain the Managers latest information, products and services, and market
outlook on the Managers website, www.eastspringinvestments.com.my or by registering for a
MY e-account.
Unit Holders can also review and track the performance of their Units by checking the Unit prices
which are published daily on the Managers website, www.eastspringinvestments.com.my and
one national English newspaper.
SUSPENSION OF SALE AND REDEMPTION OF UNITS

Pursuant to clause 10.24 of the Guidelines, the Trustee should suspend the dealing in Units of the
Fund;(a) where a request is made by the Manager to cancel Units to satisfy a redemption request in
which the Trustee considers that it is not in the best interests of the Unit Holder to permit the
assets of the Funds property to be sold or that the assets of the Funds property cannot be
liquidated at an appropriate price or on adequate terms; or
(b) due to exceptional circumstances, where there is good and sufficient reason to do so,
considering the interests of the Unit Holder or potential Unit Holder(s).
THE MANAGER MAY FOR ANY REASON AT ANY TIME, WAIVE EXISTING PROCEDURES OR
INTRODUCE AND IMPLEMENT NEW PROCEDURES IN RESPECT OF THE FUND. THIS MAY APPLY
EITHER GENERALLY (FOR ALL INVESTORS) OR SPECIFICALLY (FOR ANY PARTICULAR INVESTOR)
AT THE MANAGERS DISCRETION. PLEASE NOTE THAT DIFFERENT PROCEDURES MAY APPLY
TO OUR IUTA AND CUTA WHEN INVESTORS INVEST WITH THE ABOVEMENTIONED CHANNELS.
275
TRANSACTION DETAILS
The table below sets out the minimum initial investment amount for each Fund.
Fund name

Lump sum
(RM)
Regular
investment
(RM)
EPF Members
Investment Scheme
(RM)
MONEY MARKET FUND

50,000
50,000
Not available
100,000
100,000
BOND FUND
Eastspring Bond
1,000
1,000
100
10 million
Not available

Not available
1,000
100
1,000
BALANCED FUND
Eastspring Balanced
1,000
1,000
100
Not available

MIXED ASSET FUND
Eastspring Dynamic
1,000
100
1,000

EQUITY FUND
Eastspring Growth
1,000
Eastspring MY Focus
1,000

Equity
276
100
Not available
1,000
Not available
Fund name

Lump sum
(RM)
Regular
investment
(RM)
EPF Members
Investment Scheme
(RM)
1,000
100
Not available
1,000
100
Not available
EQUITY FUND
FEEDER FUND
Markets
The table below sets out the minimum additional investment amount and redemption of
Units for each Fund.
Fund name

Lump
sum
(RM)
Regular
investment
(RM)
EPF Members
Investment Scheme
(RM)
Minimum
redemption
(Units)
MONEY MARKET FUND

Eastspring Cash
Management
10,000
Eastspring Islamic
Income
50,000
50,000
Not
available
10,000
100,000
BOND FUND
Eastspring Bond
1,000
100
100
1 million
Not
available
1,000

Income
5 million
Not available
Eastspring Enhanced
Income
100
100
1,000
1,000
277
Fund name

Lump
sum
(RM)
Regular
investment
(RM)
EPF Members
Investment Scheme
(RM)
Minimum
redemption
(Units)
BALANCED FUND
1,000
Eastspring Balanced
Income
1,000
100
100
Not available
Eastspring ASEAN
al-Adiil
Not available
MIXED ASSET FUND

Eastspring Dynamic
Eastspring Dana
Dinamik
100
100
1,000
1,000
EQUITY FUND
Eastspring Growth
1,000
Eastspring Equity
Income
Eastspring MY Focus
Equity MY
100
100
Eastspring Dana
al-Ilham
Not available
1,000
1,000

Shariah Equity
Not available

FEEDER FUND
Equity MY
Eastspring Global
Emerging Markets
100
Eastspring Global
Basics MY
Eastspring Global
Leaders MY
278
100
Not available
1,000
The table below sets out the minimum switching, transfer and holding of Units for
each Fund.
Fund name
Minimum
switched out
(Units)
Minimum
transfer
(Units)
Minimum
holding
(Units)
MONEY MARKET FUND

10,000
Refer note 2
Any Units
Refer note 1
1,000
10,000
BOND FUND
Eastspring Bond
1,000
Any Units
Refer note 3
Refer note 1
Not available
Not available
1,000
1 million

1,000
Any Units
Refer note 3
Refer note 1
1,000

BALANCED FUND
Eastspring Balanced
1,000
Any Units
Refer note 3
Refer note 1
1,000

MIXED ASSET FUND
Eastspring Dynamic
1,000
Any Units
Refer note 3
Refer note 1
1,000
EQUITY FUND
Eastspring Growth
Eastspring MY Focus
1,000
Any Units
Refer note 3
Refer note 1
1,000

279
Fund name
Minimum
switched out
(Units)
Minimum
transfer
(Units)
Minimum
holding
(Units)
FEEDER FUND
1,000
Any Units
Refer note 3
Refer note 1
1,000

Note 1 : Any Units. Both the transferor and transferee should maintain the minimum Unit
holding requirement for the respective Funds after the transfer are made.
Note 2 : Minimum switched in is 10,000 Units or such other quantity as the Manager may
determine from time to time.
Note 3 : If the balance of Units in a Unit Holders account is less than 1,000 Units after a
switching request is made, all Units in the Fund that the Unit Holder holds will be switched
automatically. There is no limit as to the frequency of switching transaction. However, the
Manager may at its sole discretion disallow switching into any fund which is managed by the
Manager from time to time.
The Manager reserves the right to change the above stipulated amounts or quantity from time to
time.
In the case of a partial redemption, instructions will be carried out only if the minimum holding
requirement (being 1,000 Units or such other quantity as the Manager may determine from time
to time) remains in the Fund. If the value of the remaining investments is below the minimum
requirement, all Units in the Fund the Unit Holder holds will be redeemed automatically. The same
applies for partial switching out.
In the event a master account has more than one registered owner, the first-named Unit Holder
(as determined by reference to the original master account application form) shall receive the
confirmation advices, all notices and correspondence with respect to the master account, as well
as any redemption proceeds or income distribution or other distributions. In addition, such firstnamed Unit Holder shall have the voting rights, as permitted, associated with such Units.
In the case of joint holders, any one of such joint holders may vote either personally or by proxy
as comprised in the joint holding. If the joint holders are present at any meeting either personally
or by proxy, the joint holder whose name stands first in the Unit Holder register shall alone be
entitled to vote.
280
INCOME DISTRIBUTION
Distribution of income, if any, after deduction of taxation and expenses, will be declared as
follows:
Fund name
MONEY MARKET FUND

At least once a month, subject to the availability of

income.
At least once every quarter of the year, subject to the

availability of income.
BOND FUND
Eastspring Bond
At least twice a year, subject to the availability of income.
BALANCED FUND
Eastspring Balanced

MIXED ASSET FUND
Eastspring Dynamic
EQUITY FUND
Incidental
Eastspring Growth
Eastspring MY Focus
Incidental
281
Fund name
EQUITY FUND
Equity
Incidental

FEEDER FUND
Consistent with the Target Funds distribution policy, the

Fund does not intend to distribute any income.

Markets
282
Incidental
INCOME REINVESTMENT POLICY

Income will automatically be reinvested into additional Units in the Fund at the NAV per Unit at
the end of the Business Day of the income distribution date at no cost if Unit Holder did not elect
the mode of distribution in the transaction form.
AUTO REINVESTMENT POLICY

Any moneys payable to Unit Holder as a result of income distribution which remains unclaimed
after six (6) months from the date of payment shall automatically be reinvested into additional
Units of the Fund at the NAV per Unit at the end of the said six (6) months at no cost.
UNCLAIMED MONIES POLICY

Any unpresented payments will be filed with and paid to the Registrar of Unclaimed Moneys
after the lapse of one (1) year from the date of payment in accordance with the requirements
of the Unclaimed Moneys Act 1965. Unit Holders will have to liaise directly with the Registrar of
Unclaimed Moneys to claim their monies.
POLICY ON ANTI-MONEY LAUNDERING AND ANTI-TERRORISM FINANCING

ACT 2001
The Manager has anti-money laundering and anti-terrorism financing policies in place where
clients due diligence will be performed by the Manager and its approved Authorised Distributors
on all clients without exception. Application for Units must be accompanied by proper
identification documents for the Managers verification. All clients will be checked against
various reliable sources on money laundering and terrorism financing information. Enhanced due
diligence process will be conducted on high risk clients which would require the Managers senior
managements review and approval, where applicable. Suspicious transactions, if any, will be
reported to the Managers internal money laundering prevention officer who is also the chief risk
and compliance officer for further review and onward reporting to the Financial Intelligence Unit
(FIU), Bank Negara Malaysia and SC.
In compliance with the applicable anti-money laundering and anti-terrorism financing laws and
guidelines, the Manager, together with its approved Authorised Distributors reserve the right to
request all relevant information pertaining to the clients information as may, in the Managers
opinion or its Authorised Distributors opinion, be necessary to verify the identity of clients.
283
284
THE MANAGEMENT AND THE

ADMINISTRATION OF THE FUND
285
11. THE MANAGEMENT AND THE ADMINISTRATION OF THE FUND

BACKGROUND OF THE MANAGER
Eastspring Investments Berhad was incorporated in November 2000 and is a wholly owned
subsidiary of a Malaysian resident holding company, which is in turn related to the Prudential
group of companies. The ultimate parent company of the Prudential Group is Prudential plc
whose shares are listed on the London, New York, Hong Kong and Singapore stock exchanges.
The Manager is a duly approved unit trust management company by the SC on 5 January 2005
and holds a capital markets services license for fund management and dealing in securities
restricted to unit trust funds.
As at 8 May 2014, the Manager managed twenty-eight (28) unit trust funds and four (4)
wholesale funds valued at over RM3.70 billion and have a staff force of 100 (92 executives and 8
non-executives).
SUMMARY OF FINANCIAL POSITION

The financial information based on audited accounts for the past three (3) financial years is set
out in the table below.
Financial Year End
31/12/2011
(RM000)
31/12/2012
(RM000)
31/12/2013
(RM000)
Paid-up share capital
28,000
28,000
28,000
Shareholders funds
44,514
37,748
41,379
Turnover
68,033
66,908
79,139
Pre-tax profit
30,401
22,519
24,885
After tax profit
22,555
16,475
18,131
ROLES AND FUNCTIONS OF THE MANAGER

The Manager is responsible for the daily management and administration of the Fund in
accordance with the provisions of the Deed and all relevant laws and guidelines. The Manager
may undertake cross trades through a dealer or a financial institution on an arms length and fair
value basis and subject to the best interest of the Unit Holders. The Managers main duty includes:
arranging for the sale and redemption of Units of the Fund;
keeping proper records of the Fund and reporting to Unit Holders; and
providing sales, marketing and customer service support to Unit Holders and Authorised
Distributors.
286
The Manager has established risk and compliance department under the supervision of the
chief risk and compliance officer who is responsible for the risk and compliance functions of the
Manager. The chief risk and compliance officer reports to the board of directors and the audit and
compliance committee. The internal audit unit of the Prudential Group conducts all internal audit
functions and reports to the audit and compliance committee.
The chief risk and compliance officer is Ms Nor Azlina Mohd Akhir and her profile is as set out
below.
MATERIAL LITIGATION AND ARBITRATION

As at 8 May 2014, the Manager is not engaged in any material litigation and arbitration,
including those pending or threatened, and any facts likely to give rise to any proceedings which
might materially affect the business and/or financial position or any of its delegates.
BOARD OF DIRECTORS
Roles and functions of the board of directors
The board of directors oversees the overall management of Eastspring Investments Berhad. The
board of directors comprise of six (6) members who meets every quarterly or more frequently,
when required.
Guy Robert Strapp
Chairman, non-independent director
Guy Robert Strapp is chief executive officer of Eastspring Investments, the asset management
business of Prudential Corporation Asia. He is also chief executive officer of Eastspring
Investments (Hong Kong) Ltd. He chairs the companys executive committee and is also a member
of Prudential Corporation Asias board of directors. He is responsible for overseeing and driving
growth across Eastspring Investments businesses in thirteen (13) countries. This includes joint
venture businesses with major partners in China, India and Hong Kong. Guy has held senior
executive positions at JP Morgan Investment Management, Citigroup Asset Management and
the BT Financial Group. His professional experience in Asia is extensive. Among other roles, he
has served as the chief investment officer of Samsung/JP Morgan ITMC in Korea and president of
Cititrust in Japan. He began his fund management career in Australia. Guy holds the Chartered
Financial Analyst designation and is a member of the Sydney Society of Investment Professionals.
He holds a Bachelor of Commerce degree from the University of Melbourne and a Diploma of
Applied Finance and Investment from the Securities Institute of Australia.
Ho Yik
Independent director, non-executive director
Ho Yik is a well regarded professional in the insurance industry. He has extensive working
experience in both the life and general insurance business. In 1968, he joined the Prudential
287
Assurance Co. Ltd of UK as its country head in Malaysia. Under his leadership, the company grew
from a very small branch with a few staff to become one of the largest life insurance companies
at the time of his retirement as chief executive officer in year 2000. Upon his retirement, he was
appointed to the board of the company and has remained as director since. He is an Associate
and Chartered Insurer of the Chartered Insurance Institute of UK. He has attended many training
courses in management, investment, others including the recent Financial Institutions Directors
Education Programme, which is a requirement of Bank Negara.
Independent director, non-executive director
Iskander Ismail was appointed as the independent director of the Manager on 14 June 2013. He
is a member of the Malaysian Institute of Accountants and fellow member of the Association
of Chartered Certified Accountants. He was formerly the executive director and chief executive
officer of Kenanga Fund Management Berhad. Having worked in the fund management industry
since 1982, he had previously held various senior management roles in the fund management
division/ subsidiary of Bumiputra Merchant Bankers Berhad and MIDF Berhad, where he was
also a director of several MIDF subsidiary companies. He was the first (and for a few years
thereafter) chairman of the Malaysian Association of Asset Managers, which he helped establish
in November 1996. He served on the Capital Market Advisory Council and was a member of the
Bursa Malaysia Berhad listing committee and of the Institutional Shareholders Pro Tem committee
under the Minority Shareholder Watchdog Group. He is an independent director of a Malaysian
public listed company. He also sits on the board of trustees of a local educational foundation.
Non-independent director, non-executive director
Tan Sri Datuk Abdul Rahim graduated from University of Malaya in Economics and has and
MBA from Detroit University in Michigan, USA. He also attended an Advance Management
Program from University of Harvard, USA. He has served in various government departments and
institutions including Employees Provident Fund and Permodalan Nasional Berhad from 1964 to
1996. He was appointed as executive director of Berjaya Group Berhad in 1996. He is currently
a director of Berjaya Corporation Berhad. He was appointed to our board of directors on 1
March 2006 bringing along with him more than forty (40) years of invaluable experiences in the
government and private sectors.
Julian Christopher Vivian Pull
Non-independent, non-executive director
Julian Christopher Vivian Pull is chief financial officer of Eastspring Investments, the asset
management business of Prudential Corporation Asia. He is a member of the executive committee
of Eastspring Investments and sits on the board of Prudential Corporation Asia. He is responsible
for the financial management of the business and works closely with both regional support
teams and venture management. He joined Eastspring Investments in 2000 as director of finance
and has held several senior roles including chief executive officer of Eastspring Investments
288
(Singapore) Limited from 2008 to 2012 and chief operating officer of Eastspring Investments from
2006 to 2013. With more than twenty six (26) years of management experience in Asia, he has
previously held senior financial management positions at Singapore Telecom and Mtel Inc. He
holds a Bachelor of Science degree in Economics from University College, London and an MBA
(distinction) in Finance and Investment from the University of Hull.
Cheah Lee Ling
Non-independent, executive director
Cheah Lee Ling read a Bachelor of Science (Honours) degree in Pure Accounting at University
of Hull, United Kingdom and she also attended an MBA course in Imperial College, London.
She brings with her an extensive professional experience in audit, financial management and
investment management in both United Kingdom and Malaysia. She has a long track record
in delivering equity investment performance and numerous awards. She began her fund
management career in 1994 with a local bank and has accumulated substantial experience since
then in the capital market basically as a value investor. She was the chief investment officer of
the Manager from 2001-2008. She rejoined the Manager in November 2010 as deputy chief
executive officer and head of investments. She was appointed as chief executive officer on 17
December 2010 and to the board of the company on
10 January 2011.
AUDIT AND COMPLIANCE COMMITTEE

Ho Yik (independent member)
His profile is as aforementioned.
Iskander bin Ismail Mohamed Ali (independent member)
Niall Dermot Grady (non-independent member)
Niall was appointed as chief risk officer of Eastspring Investments (Singapore) Limited in April
2013 and is responsible for risk, legal & compliance. Eastspring is a member of the Prudential Plc
(UK) family. He was previously the regional director of enterprise risk management for Prudential
Corporation Asia where he was responsible for the ERM framework, solvency II implementation
and operational risk. Niall is currently sitting as board of director at Prudential Vietnam finance
company and served as a member of the Prudential Plc, group operational risk committee and
the PCA executive risk committee. Niall has a BA in Economics & Geography (University of
Portsmouth), BSC Financial Services (University of Manchester Business School) and Chartered
Associate of Institute of Bankers (ACIB). He also attained a degree in financial services from
the University of Manchester (UK) business school and is a Chartered Associate of Institute of
Financial Services (ACIF).
289
KEY MANAGEMENT STAFF

Cheah Lee Ling
Executive Director/Chief Executive Officer
Her profile is as aforementioned.
Hiten Asher
Chief Financial Officer
Hiten Asher joined the Manager (Company) in February 2010 and is currently the chief financial
officer. He is responsible for the Companys strategic planning and finance functions. He brings
to the Company over fifteen (15) years of financial management experience in fund businesses
covering India, Singapore, United Arab Emirates and now Malaysia. Prior to this, Hiten held a
dual position as chief financial officer of Prudential Asset Management Limited, UAE and director,
business management of Prudential Asset Management (Singapore) Limited, Singapore. Hiten is a
Chartered Accountant from the Institute of Chartered Accountants of India.
Chen Fan Fai
Chief Investment Officer, Country Head
Chen Fan Fai joined the Manager in 2013 as chief investment officer, country head. He started
his career in the asset management industry in 1990 as an analyst with UOB Asset Management
Limited. Since then he has held several senior investment positions in local and regional asset
management companies. Prior to his appointment at Eastspring Investments Berhad, Fan Fai
was the director of investment at a well-established fund management company in Malaysia,
overseeing the equity portfolios for statutory bodies, private pensions, corporate and unit trust
funds. Fan Fai holds a Bachelor degree in Engineering from the Royal Melbourne Institute of
Technology (RMIT), Australia, an MBA degree from Loyola University of Chicago, USA and Master
of Science degree (Accountancy) from University of Illinois, USA. He obtained his Capital Markets
and Services Representatives license in 2004 from the SC.
Yap Siok Hoon
Chief Sales and Marketing Officer
Yap Siok Hoon joined Eastspring Investments Berhad in November 2013 as chief sales &
marketing officer, responsible for the development and execution of Eastspring Investment
Berhads distribution, product and marketing strategies. Siok Hoon brings with her more than
seventeen (17) years of financial industry experience covering retail and institutional business
development, sales and marketing, distribution channel development, training and product
development. Prior to joining Eastspring Investments Berhad, Siok Hoon was head of the retail
client solutions & services group of a well established fund management company in Malaysia,
overseeing the management companys retail unit trust business. She started her career with
Hong Leong Asset Management (HLAM) in April 1997 and has held many senior management
positions, ultimately rising to a position of general manager, client solutions group in 2011. Siok
Hoon holds a Bachelor (First Class Honours) in Business Administration degree from Universiti
Utara Malaysia.
290
Nor Azlina Mohd Akhir

Chief Risk and Compliance Officer
Nor Azlina joined the Manager (Company) in July 2012. As the Companys chief risk and
compliance officer, she is responsible for the Companys legal, compliance and risk management
functions. She brings to the Company over thirteen (13) years of working experience in the
financial services industry, specializing in the areas of regulatory risk, regulatory compliance, audit
and business processes. Prior to joining the Company, she was attached to one of Malaysias
investment banking groups as the senior vice president and head of compliance for its unit trust
and investment management businesses in Malaysia as well as regionally in Singapore, Indonesia
and Hong Kong. She was also previously attached to one of the foreign banks in Malaysia, where
she was responsible for the regulatory compliance functions of its conventional and Islamic
banking businesses. Her other past experiences include auditing of various financial institutions
and investment management companies during her tenure with one of the big four international
public accounting firms. Nor Azlina is a Chartered Accountant in Malaysia, a member of the
Malaysian Institute of Accountants and holds a Bachelor of Accounting (Honours) from University
of Malaya.
THE INVESTMENT COMMITTEE

Roles and functions of the investment committee
The investment committee is responsible for monitoring the investment management policies
of the Fund in accordance with the objectives of the Fund and the provisions of the Deed. The
investment committee meetings are held bi-monthly in performing the following functions:
select appropriate strategies to achieve the proper performance of the Fund in accordance
with the fund management policies;
ensure that the strategies selected are properly and efficiently implemented by the Manager or
its fund management delegate; and
actively monitor, measure and evaluate the fund management performance of the Manager.
The investment committee comprises of five (5) members who have experience in overseeing
investment management functions.
Ho Yik (independent member)
Robert Yap Yen Choon (independent member)
Robert Yap has more than twenty (20) years of investment experience, having served as treasurer
and group treasurer of Inchcape Malaysia (Holdings) Berhad, and also as treasurer of Shell
Malaysia Ltd. His highly regarded experience subsequently led to his appointment as director of
an established local unit trust company previously.
291
Abdul Khalil bin Abdul Hamid (independent member, for Shariah-compliant Funds only)
Abdul Khalil bin Abdul Hamid holds a Bachelor of Economics (Hons) (B.Admin) from the University
of Malaya, Kuala Lumpur. He joined Hongkong Bank in February 1979 and left in October 1985,
managing the customer service department. From November 1985 to July 1995, he joined Bank
of Nova Scotia Berhad where he was responsible for managing a varied portfolio of corporate and
commercial customers and also marketing and management of the banks real estate and public
sector business segments. In September 1995, he joined Affin Bank Berhad and his last position
there was as head of credit management. Khalil was also a member of the Islamic Banking
Management committee and the credit review & recovery committee of Affin Bank Berhad. In
April 2002, he joined Bank of Tokyo-Mitsubishi UFJ (M) Bhd as executive vice president and was
appointed as an advisor of Bank of Tokyo-Mitsubishi UFJ (Malaysia) Berhad in October 2012 prior
to retiring in October 2013.
Cheah Lee Ling (non-independent member)
Her profile is as aforementioned.
Tan Sri Datuk Abdul Rahim bin Haji Din (non-independent member)
THE INVESTMENT TEAM

The Managers investment team is headed by the chief investment officer, country head. In the
absence of the chief investment officer, country head, the section heads within the investment
department will take charge of their respective areas of responsibility and duty, reporting to the
chief executive officer and/or the regional head of Investment. In addition, the investment team
reports the activities and performance of the Fund directly to the investment committee on a bimonthly basis.
Chen Fan Fai
Chief Investment Officer, Country Head
Yvonne Tan Hong Yean
Chief Investment Officer, Equities
Yvonne Tan Hong Yean joined the Manager on 1 December 2006 as senior fund manager and she
is the designated fund manager for equities investments. She has experience in managing
different kind of mandates including Malaysian equities, Shariah equities, mixed assets, flexible
asset allocation, Greater China equities and Asia Pacific ex-Japan equities. Yvonnes experience
in investment management started in 2000 when she became the senior investment manager
in American International Assurance (AIA), managing several funds worth approximately RM1
billion in total. Prior to that, she has about six (6) years of experience in investment research. In
292
2004, she became one of the pioneers in setting up Corston Smith Asset Management Pte Ltd,
Singapore and Bumiwerks Asset Management Sdn Bhd. Yvonne holds a Bachelor of Science (First
Honours) from University Putra Malaysia and graduated from the Association of International
Accountants (UK) in 1993. She is a CFA Charterholder of the CFA Institute USA. She obtained her
Capital Markets and Services Representatives license in 2006 from the SC.
Ilene Chong Chin Huey
Chief Investment Officer, Fixed Income
Ilene Chong Chin Huey joined the Manager (Company) as head of fixed income on 1 January
2008 and she is the designated fund manager for fixed income investments. Prior to joining
the Company, she was the head of fixed income at Prudential Assurance Malaysia Berhad where
she managed all their fixed income portfolios since 1997 and has more than seven (7) years of
experience in actuarial work. Ilene holds a Bachelor of Science (First Class Hons) degree from
University of Malaya. She is professionally qualified as an Associate of the Society of Actuaries
USA, is a CFA Charterholder of the CFA Institute USA and a member of the Persatuan Pasaran
Kewangan Malaysia. She obtained her Capital Markets and Services Representative license in
2008 from the SC.
THE MANAGERS DELEGATE

THE EXTERNAL FUND MANAGER FOR THE EASTSPRING INVESTMENTS ASIA PACIFIC
EQUITY MY FUND
Roles and duties of the External Fund Manager
The Manager has appointed the External Fund Manager since commencement of the Fund and
granted it with discretion to manage, realise, invest or reinvest with the investments of the Fund
in accordance with the investment objective of the Fund and its Deed, and subject to the Act,
the Guidelines and any practice notes issued by the SC from time to time, as well as the internal
policies and procedures of the Manager. The External Fund Manager reports to the investment
committee of the Fund on a regular basis on the status of the portfolio, proposed investment
strategy and other matters relating to the portfolio of the Fund. The remuneration of the external
fund manager is borne by the Manager.
Background of Eastspring Investments (Singapore) Limited
Eastspring Investments (Singapore) Limited is an ultimately wholly-owned subsidiary of Prudential
plc (Prudential), a company incorporated and with its principal place of business in England.
Prudential is an international financial services group. It provides insurance and financial services
through its subsidiaries and affiliates throughout the world (the Prudential Group). It has been
in existence for over one hundred and sixty (165) years and had 443 billion in assets under
management as at 31 December 2013.
293
Eastspring Investments Singapore was set up as a company in 1994 and has been managing
discretionary funds since 1995. As at 31 December 2013, Eastspring Investments Singapore had
approximately S$80.54 billion of assets under management, of which approximately S$57.11
billion were discretionary funds managed in Singapore.
The designated fund manager for the Eastspring Investments Asia Pacific Equity MY Fund is
Andrew Cormie. His profile is as set out below:
Andrew Cormie
Andrew Cormie is a portfolio manager in the equity team at Eastspring Investments (Singapore)
Limited. Andrew a member of the regional Asia focus team and joined Eastspring Investments
in 2008. He is also the lead manager for the Asia Pacific equity strategy. Andrew began his
investment career in 1982 with National Mutual Life Association. He then worked as an equity
dealer for JP Morgan Investment Management, Melbourne in 1984 and became their director,
responsible for Australian equity and balance business three (3) years later. In 1997, Andrew
became the head of global equity team of JP Morgan Investment Management, London. Andrew
was the founding partner and director of Voyager Funds Management Pty Limited between
2006/07. In all, Andrew has over thirty-two (32) years of investment experience. Andrew holds
a bachelor degree in Business Administration from Griffith University in Brisbane, Australia and a
diploma from the Securities Institute of Australia. He is a CFA Charterholder of the CFA Institute
USA.
THE FUND VALUER
Background of Deutsche Bank (Malaysia) Berhad
Deutsche Bank (Malaysia) Berhad (DBMB) is a wholly-owned subsidiary of the parent
organisation, Deutsche Bank Aktiengesellschaft. Deutsche Bank established a presence in Kuala
Lumpur, Malaysia in 1967 and was incorporated on the 22 August 1994.
DBMB expanded its product offered to include fund accounting services in 2001.
Roles and duties of the fund valuer
The Manager has appointed Deutsche Bank (Malaysia) Berhad (DBMB) as the fund valuer for the
Fund.
The fund valuer is responsible for the computation of the NAV of the Fund in accordance with
the requirements of the Prospectus and the Deed. The fund valuer will report to the Manager
at the end of each Business Day on the NAV of the Fund including the daily purchases and sales
transactions, and stock holding report. The report will be sent to the Manager via fax, email and/
or other method as agreed by both parties.
294
DBMB will undertake the accounting and valuation function for the Fund by way of a service level
agreement. Under the terms of the agreement, DBMB will maintain proper accounts; carry out
daily valuation/pricing and sending the unit prices for publication in the newspaper. All fees and
expenses arising out of this appointment are not charged to the Fund and are solely borne by the
Manager.
THE REGISTRAR AND TRANSFER AGENT
Background of Deutsche Trustees (Malaysia) Berhad
Deutsche Trustees (Malaysia) Berhad (DTMB) (Company No. 763590-H) was incorporated in
Malaysia on 22 February 2007 and commenced business in May 2007. The Company is registered
as a trust company under the Trust Companies Act 1949, with its business address at Level 20,
Menara IMC, 8 Jalan Sultan Ismail, 50250 Kuala Lumpur. DTMB expanded its service offering to
include Registrar and Transfer Agency (RTA) services in March 2010.
Leveraging on the existing RTA infrastructure within the Deutsche Bank Group, DTMB is
supported by Deutsche Investor Services Private Limited (DISPL). DISPL has been offering RTA
services in India and the rest of the Asian region since late 2006.
Roles and duties of the RTA
The Manager has appointed Deutsche Trustees (Malaysia) Berhad (DTMB) as the registrar and
transfer agent for the Fund.
DTMBs roles and duties encompass maintaining the register of Unit Holders, handling of account
opening, static data set-ups, financial transaction processing, reconciliation processing, corporate
actions, agency maintenance and preparing relevant reports or communication to investors and
regulators.
All fees and expenses arising out of this appointment are not charged to the Fund and are solely
borne by the Manager.
295
296
THE SHARIAH ADVISER
297
12. THE SHARIAH ADVISER

IBFIM has been appointed as the Shariah adviser for the Eastspring Dana al-Ilham, Eastspring
Dana al-Islah, Eastspring Dana Wafi, Eastspring Dana Dinamik, Eastspring Islamic Income,
Eastspring Dinasti Equity, Eastspring Asia Pacific Shariah Equity and Eastspring ASEAN al-Adiil
(the Funds). Scheduled to meet the Manager and/or the investment committee of the Funds
every quarter, IBFIM will advise the Manager on the selection of investment tools to be adopted.
IBFIM will also counsel the mechanism of the operations of the Funds activities to ensure that the
operations of the Funds comply with Shariah requirements.
GENERAL INFORMATION OF IBFIM

IBFIM was incorporated as a company limited by guarantee and not having share capital in
Malaysia under the Companies Act, 1965 on 15 February 2007.
EXPERIENCE IN ADVISORY AND SERVICES

IBFIM is registered with the SC to act as a Shariah adviser for Shariah-compliant collective
investment schemes and sukuk issuance. IBFIM is also involved in numerous Shariah-compliant
private mandates as well as the Shariah adviser for Islamic real estate investment trusts and Islamic
asset management houses. As at 8 May 2014, IBFIM has total staff strength of 62 employees, and
has seventy-seven (77) funds under its supervision.
ROLES AND RESPONSIBILITIES OF IBFIM AS THE SHARIAH ADVISER

As the Shariah adviser, the role of IBFIM is to ensure that the operations and investments of
the Funds are in compliance with Shariah requirements. The Shariah adviser reviews the Funds
investments on a monthly basis to ensure compliance with Shariah requirements at all times and
meets with the Manager on a quarterly basis to review and advise on the Funds compliance
with Shariah requirements. Final responsibility for ensuring Shariah compliance of the Funds with
Shariah requirements in all relevant aspects rests solely with the Manager.
In line with the SCs guidelines, the roles of IBFIM as the Shariah adviser are;
1. ensuring that the Shariah-compliant unit trust funds (the Funds) are managed and
administered in accordance with the Shariah principles;
2. providing expertise and guidance for the Funds in all matters relating to Shariah principles,
including on the Funds deed and prospectus, its structure and investment process, and other
operational and administrative matters;
3. consulting the SC who may consult the SACSC where there is any ambiguity or uncertainty as
to an investment, instrument, system, procedure and/or process;
298
4. scrutinising the Funds compliance report as provided by the compliance officer, transaction
report provided by or duly approved by the trustee and any other report deemed necessary
for the purpose of ensuring that the Funds investments are in line with the Shariah principles;
5. preparing a report to be included in the Funds quarterly and annual report certifying whether
the Funds have been managed and administered in accordance with the Shariah principles;
6. ensuring that the Funds comply, with any guideline, ruling or decision issued by the SC, with
regard to Shariah matters;
7. vetting and advising on the promotional materials of the Funds;
8. assisting and attending to any ad-hoc meeting called by the SC and/or any other relevant
authority.
PROFILE OF THE SHARIAH TEAM

IBFIMs Shariah team consists of the following personnel:Dato Mohd Bakir Haji Mansor
Distinguished Shariah advisor
Dato Mohd Bakir Haji Mansor is a member of the Shariah Supervisory Council of Bank Islam
Malaysia Berhad (BIMB), the Shariah Advisory Body of Syarikat Takaful Malaysia Berhad and sits on
the Shariah Panel Committee of Amanah Ikhtiar Malaysia. He is also the Chairman of the Shariah
Advisory Committee of the Employees Provident Fund and the Shariah Advisory Committee of
BIMB Securities Sdn. Bhd.
Prior to joining IBFIM, Dato Mohd Bakir was the Shariah Coordinator at BIMB, from 1984 to
2001. Previously, he served at the National Council for Islamic Religious Affairs in the Prime
Ministers Department for 10 years from 1971. He was also a Chief Assistant Director at the
Islamic Research Centre for 4 years from 1981. He holds a Shahadah Ulya from Kolej Islam
Malaya.
Dato Mohd Bakir was awarded Tokoh Maulidur Rasul 1434H/2013M by the government of
Malaysia for his contributions in promoting the Islamic finance industry.
Mohd Nasir Ismail
Shariah advisor
Mohd Nasir Ismail, IFP, has been with IBFIM since its incorporation. He is responsible in providing
Shariah input on the advisory, consultancy and research functions with regard to Islamic banking,
takaful, Islamic capital market and Shariah-compliant unit trust funds. Prior to joining IBFIM, he
was with Institut Pengajian Ilmu-Ilmu Islam, Kelantan. He graduated with a Bachelor of Shariah
(Honours) from the University of Malaya in 1998. He is also the designated person responsible for
Shariah matters related to the Funds.
299
Ahmad Zakirullah Mohamed Shaarani

Senior Shariah Officer
Ahmad Zakirullah Mohamed Shaarani joined IBFIM in February 2008. He is responsible in
providing Shariah input on the advisory, consultancy and research functions with regard to Islamic
banking, takaful, Islamic capital market and Shariah-compliant unit trust funds. Prior to joining
IBFIM, he served at University Sains Islam Malaysia before joining PTPL College. He obtained
his Master of Islamic Revealed Knowledge and Heritage (Fiqh and Usul al-Fiqh) (Honours) from
International Islamic University Malaysia in 2008, Bachelor of Shariah Islamiyyah (Honours) from
Al-Azhar University, Egypt in 2003 and Diploma of Shariah Islamiyyah (Honours) from Higher
Institute of Islamic and Arabic Language (MADIWA) in 2002. He is also the designated person
responsible for Shariah matters related to the Funds.
Budeeman Mana
Senior Shariah Officer
Budeeman Mana joined IBFIM in July 2011. He is responsible in providing Shariah input on the
advisory, consultancy and research functions with regard to Islamic banking, takaful, Islamic
capital market and Shariah-compliant unit trust funds. Prior to joining IBFIM, he served at
Sri Cempaka School, Damansara Heights. He graduated with a Bachelor of Islamic Revealed
Knowledge and Heritage (Fiqh and Usul al-Fiqh) (Honours) from International Islamic University
Malaysia in 2010. He is also the designated person responsible for Shariah matters related to the
Funds.
300
THE TRUSTEE
301
13. THE TRUSTEE

BACKGROUND OF THE TRUSTEE
Name of Trustee
Deutsche Trustees Malaysia Berhad (DTMB)
Date of Incorporation
22 February 2007
Funds under Trusteeship
168 funds as at 22 May 2014
Directors
Jacqueline William
Chang Wai Kah
Janet Choi
Jalalullail Othman*
Lew Lup Seong*
Chief Executive Officer
Chua Mee Ling
FINANCIAL POSITION
31 Dec 2013
(RM)
31 Dec 2012
(RM)
31 Dec 2011
(RM)
3,050,000
3,050,000
3,050,000
Paid-up share capital

Shareholders funds
5,275,318
4,654,993
4,038,569
Revenue
8,292,251
5,725,581
4,162,341
Profit before tax
4,156,392
3,066,962
2,282,980
Profit after tax
2,908,737
2,288,412
1,671,988
EXPERIENCE IN TRUSTEE BUSINESS

DTMB is part of Deutsche Banks Trust & Securities Services, which provides trust, agency,
depository, custody and related services on a range of securities and financial structures. As at 22
May 2014, DTMB is the trustee for one hundred sixty eight (168) collective investment schemes
including unit trust funds, wholesale funds and exchange-traded funds.
DTMBs trustee services are supported by Deutsche Bank (Malaysia) Berhad (DBMB), a
subsidiary of Deutsche Bank Group, financially and for various functions, including but not limited
to financial control and internal audit.
__________________________
* independent director
302
DUTIES AND RESPONSIBILITIES OF THE TRUSTEE

DTMBs main functions are to act as trustee and custodian of the assets of the Funds and to
safeguard the interests of Unit Holders of the Funds. In performing these functions, the Trustee
has to exercise due care and vigilance and is required to act in accordance with the relevant
provisions of the Deed, the Act and all relevant laws. In respect of monies paid by an investor
for the application of Units, the Trustees responsibility arises when the monies are received in
the relevant account of the Trustee for the Fund and in respect of redemption, the Trustees
responsibility in respect of the redemption amount is discharged once it has paid the redemption
amount to the Manager.
TRUSTEES STATEMENT OF RESPONSIBILITY

The Trustee has given its willingness to assume the position as trustee of the Funds and is willing
to assume all its obligations in accordance with the Deed, the Act and all relevant guidelines. In
respect of monies paid by an investor for the application of Units, the Trustees responsibility arises
when the monies are received in the relevant account of the Trustee for the Fund(s) and in respect
of redemption, the Trustees responsibility in respect of the redemption amount is discharged once
it has paid the repurchase amount to the Manager.
TRUSTEES DISCLOSURE OF MATERIAL LITIGATION

As at 22 May 2014, neither the Trustee nor its delegate is (a) engaged in any material litigation
and arbitration, including those pending or threatened, nor (b) is aware of any facts likely to give
rise to any proceedings which might materially affect the business/financial position of the Trustee
and any of its delegate.
TRUSTEES DELEGATE
The Trustee has appointed DBMB as the custodian of the assets of the Funds. DBMB is a wholly
owned subsidiary of Deutsche Bank AG. DBMB offers its clients access to a growing domestic
custody network that covers over 30 markets globally and a unique combination of local expertise
backed by the resources of a global bank. In its capacity as the appointed custodian, DBMBs roles
encompass safekeeping of assets of the Fund; trade settlement management; corporate actions
notification and processing; securities holding and cash flow reporting; and income collection and
processing.
All investments are automatically registered in the name of, or to the order, of the Fund. DBMB
shall act only in accordance with instructions from the Trustee.
303
304
SALIENT TERMS OF THE DEED
305
14. SALIENT TERMS OF THE DEED

Please be advised that if you invest in Units through an IUTA which adopts the nominee
system of ownership, you would not be considered to be a Unit Holder under the Deed
and you may, consequently, not have all the rights ordinarily exercisable by a Unit
Holder (for example, the right to call for a Unit Holders Meeting and to vote thereat and
the right to have your particulars appearing in the register of Unit Holders of the Fund).
RIGHTS
As a Unit Holder of the Fund, and subject to the provisions of the Deed, you have the right:
1. to receive distributions, if any, of the Fund;
2. to participate in any increase in the NAV of Units;
3. to call for Unit Holders meetings and to vote for the removal of the Trustee or the Manager
through a Special Resolution;
4. to exercise the cooling-off right;
5. to receive annual and interim reports on the Fund; and
6. to exercise such other rights and privileges as provided for in the Deed.
However, you would not have the right to require the transfer to you any of the investments or
assets of the Fund. Neither would you have the right to interfere with or to question the exercise
by the Trustee (or the Manager on the Trustees behalf) of the rights of the Trustee as trustee of
the investments and assetss of the Fund.
LIABILITIES
As a Unit Holder, and subject to the provisions of the Deed, your liabilities would be limited to the
following:
1. you would not be liable for nor would you be required to pay any amount in addition to the
payment for Units as set out in this master prospectus and the Deed.
2. you would not be liable to indemnify the trustee and/or the Manager in the event that the
liabilities incurred by the trustee and/or the Manager on behalf of the Fund exceed the NAV
of the Fund.
306
MAXIMUM FEES AND CHARGES PERMITTED BY THE DEED

Fund name
Sales
charge
Repurchase
charge
% of the NAV per Unit
Annual
management
fee
Annual
trustee fee
% of the NAV per annum
5.26%
Nil
2.00%
0.20% subject to a
minimum of RM18,000
per annum
Eastspring
Islamic
Income
Nil
Nil
2.50%
0.50% subject to a
minimum of RM18,000
per annum (excluding
foreign custodian fees
and charges)
Eastspring
Bond
5.26%
Nil
2.00%
0.20% subject to a
minimum of RM30,000
per annum
Eastspring
Bond Plus
6.00%
2.00%
2.00%
0.08% subject to a
minimum of RM18,000
and charges)
Eastspring
Institutional
Income
10.00%
5.00%
2.00%
0.20% subject
to a minimum of
RM18,000 per annum
and a maximum of
RM350,000 per annum
Eastspring
Enhanced
Income
7.00%
Nil
2.50%
1.00% subject to a
minimum of RM18,000
and charges)
Eastspring
Dana Wafi
5.26%
5.00%
2.00%
0.20% subject to a
minimum of RM18,000
per annum
Eastspring
Dana al-Islah
5.26%
Nil
3.00%
0.20% subject to a
minimum of RM18,000
per annum
Eastspring
Cash
Management
307
Fund name
Sales
charge
Repurchase
charge
Annual
management
fee
Annual
trustee fee
Eastspring
Balanced
5.26%
Nil
3.00%
0.20% subject to a
minimum of RM35,000
per annum
Eastspring
Asia Select
Income
10.00%
5.00%
2.00%
0.20% subject
to a minimum of
RM18,000 per annum
and a maximum of
RM350,000 per annum
Eastspring
ASEAN
al-Adiil
6.00%
2.00%
2.00%
0.20% subject to a
minimum of RM18,000
and charges)
Eastspring
Dynamic
5.00%
Nil
3.00%
0.20% subject to a
minimum of RM18,000
per annum
Eastspring
Dana Dinamik
5.00%
Nil
3.00%
0.20% subject to a
minimum of RM18,000
per annum
Eastspring
Small-cap
5.26%
Nil
3.00%
0.20% subject to a
minimum of RM35,000
per annum
Eastspring
Growth
5.26%
Nil
3.00%
0.20% subject to a
minimum of RM35,000
per annum
Eastspring
Equity Income
10.00%
10.00%
2.00%
0.20% subject to a
minimum of RM18,000
per annum
Eastspring
MY Focus
5.00%
2.00%
2.00%
0.20% subject to a
minimum of RM18,000
and charges)
308
Fund name
Sales
charge
Repurchase
charge
Annual
management
fee
Annual
trustee fee
Eastspring
Asia Pacific
Equity MY
10.00%
5.00%
2.00%
0.20% subject to a
minimum of RM18,000
per annum
Eastspring
Dana al-Ilham
5.26%
Nil
3.00%
0.20% subject to a
minimum of RM18,000
per annum
Eastspring
Asia Pacific
Shariah Equity
6.00%
Nil
1.80%
1.00% subject to a
minimum of RM18,000
and charges)
Eastspring
Dinasti Equity
10.00%
5.00%
2.00%
0.20% subject to a
minimum of RM18,000
and charges)
Eastspring
Indonesia
Equity MY
6.00%
2.00%
2.00%
0.20% subject to a
minimum of RM18,000
and charges)
Eastspring
Global
Emerging
Markets
6.00%
Nil
1.80%
0.08% subject to a
minimum of RM18,000
and charges)
Eastspring
Global Basics
MY
10.00%
5.00%
2.00%
0.20% subject to a
minimum of RM18,000
per annum
Eastspring
Global
Leaders MY
10.00%
5.00%
2.00%
0.20% subject
to a minimum of
RM18,000 per annum
and a maximum of
RM350,000 per annum
309
PROCEDURES TO INCREASE THE DIRECT AND INDIRECT FEES AND CHARGES

DISCLOSED IN THE MASTER PROSPECTUS
Sales charge
The Manager may not charge a sales charge at a rate higher than that disclosed in this master
prospectus unless:
a) the Manager has notified the Trustee in writing of and the effective date for the higher charge;
b) a supplemental or replacement prospectus stating the higher charge is issued; and
c) such time as may be prescribed by any relevant law has elapsed since the effective date of the
supplemental or replacement prospectus.
Repurchase charge
The Manager may not charge a repurchase charge at a rate higher than that disclosed in this
master prospectus unless:
a) the Manager has notified the Trustee in writing of and the effective date for the higher charge;
b) a supplemental or replacement prospectus in stating the higher charge is issued; and
c) such time as may be prescribed by any relevant law has elapsed since the effective date of the
supplemental or replacement prospectus.
The Manager may not charge an annual management fee at a rate higher than that disclosed in
this master prospectus unless:
a) the Manager has come to an agreement with the Trustee on the higher rate;
b) the Manager has notified the Unit Holders of the higher rate and the date on which such
higher rate is to become effective;
c) a supplemental or replacement prospectus stating the higher rate is issued thereafter; and
d) such time as may be prescribed by any relevant law shall have elapsed since the supplemental
or replacement prospectus is issued.
Annual trustee fee
The Trustee may not charge an annual trustee fee at a rate higher than that disclosed in this
master prospectus unless:
a) the Manager has come to an agreement with the trustee on the higher rate;
b) the Manager has notified the Unit Holders of the higher rate and the date on which such
higher rate is to become effective; and
c) a supplemental or replacement prospectus stating the higher rate is issued thereafter; and
d) such time as may be prescribed by any relevant law shall have elapsed since the supplemental
or replacement prospectus is issued.
310
PROCEDURES TO INCREASE THE MAXIMUM RATE OF THE DIRECT AND INDIRECT

FEES AND CHARGES IN THE DEED
The maximum sales charge, repurchase charge, annual management fee or annual trustee fee
set out in the Deed are not allowed to be increased unless a Unit Holders meeting has been
held in accordance with the Deed. A supplemental deed proposing a modification to the Deed
to increase such charges is required to be submitted for registration with the SC accompanied
by a resolution of not less than two-thirds (2/3) of all Unit Holders at the Unit Holders meeting
sanctioning the proposed modification to the Deed.
PERMITTED EXPENSES PAYABLE BY THE FUND

Only the expenses (or part thereof) which is directly related and necessary in operating and
administering the Fund may be charged to the Fund. These would include (but are not limited) to
the following:
a) commissions or fees paid to brokers in effecting dealings in the investments of the Fund,
shown on the contract notes or confirmation notes;
b) taxes and other duties charged on the Fund by the government and/or other authorities;
c) costs, fees and expenses properly incurred by the auditor;
d) costs, fees and expenses incurred for the valuation of any investment of the Fund by
independent valuers for the benefit of the Fund;
e) costs, fees and expenses incurred for any modification of the Deed save the where such
modification is for the benefit of the Manager and/or the Trustee;
f) costs, fees and expenses incurred for any meeting of Unit Holders save where such meeting is
convened for the benefit of the Manager and/or the Trustee;
g) costs, commissions, fees and expenses of the sale, purchase, insurance or takaful and any
other dealing of any asset of the Fund;
h) costs, fees and expenses incurred in engaging any specialist approved by the Trustee for
investigating or evaluating any proposed investment of the Fund;
i) costs, fees and expenses incurred in engaging any valuer, adviser or contractor for the benefit
of the Fund;
j) costs, fees and expenses incurred in the preparation and audit of the taxation, returns and
accounts of the Fund;
k) costs, fees and expenses incurred in the termination of the Fund or the removal of the Trustee
or the Manager and the appointment of a new trustee or management company;
l) costs, fees and expenses incurred in relation to any arbitration or other proceedings
concerning the Fund or any asset of the Fund, including proceedings against the Trustee
or the Manager by the other for the benefit of the Fund (save to the extent that legal costs
incurred for the defence of either of them are not ordered by the court to be reimbursed by
the Fund);
311
m) remuneration and out of pocket expenses of the independent members of the investment
committee of the Fund, unless the Manager decides otherwise;
n) costs, fees and expenses deemed by the Manager to have been 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; and
o) (where the custodial function is delegated by the Trustee) charges and fees paid to subcustodians taking into custody any foreign assets or investments of the Fund.
REMOVAL, REPLACEMENT AND RETIREMENT OF THE MANAGER AND TRUSTEE

Removal or Replacement of the Manager
The Trustee shall take all reasonable steps to remove the Manager, if the Manager:a) has failed or neglected to carry out its duties to the satisfaction of the Trustee and the Trustee
considers that it would be in the interests of Unit Holders for it to do so after the Trustee
has given notice to the Manager of that opinion and the reasons for that opinion, and has
considered any representations made by the Manager in respect of that opinion, and after
consultation with the relevant authorities and with the approval of the Unit Holders by way of
a Special Resolution; or
b) is in breach of any of its obligations or duties under the Deed or the relevant laws; or
c) has ceased to be eligible to be a management company under the relevant laws; or
d) has gone into liquidation, except for the purpose of amalgamation or reconstruction or some
similar purpose; or
e) has had a receiver appointed; or
f) has ceased to carry on business.
Retirement of the Manager
The Manager shall have the power to retire in favour of some other corporation by giving to
the Trustee three (3) months (or such other period as the Manager and the Trustee may agree
upon) notice in writing of its desire so to do, provided such retirement is in accordance with the
provisions of the Deed.
Removal or Replacement of the Trustee
The Trustee may be removed and such corporation may be appointed as Trustee of the Fund by
Special Resolution of the Unit Holders at a duly convened meeting.
The Manager shall take all reasonable steps to replace the Trustee as soon as practicable after
becoming aware that:
a) the Trustee has ceased to exist; or
b) the Trustee has not been validly appointed; or
c) the Trustee was not eligible to be appointed or to act as trustee under any relevant law; or
312
d) the Trustee has failed or refused to act as trustee in accordance with the provisions or
covenants of the Deed or any relevant law; or
e) a receiver has been appointed over the whole or a substantial part of the assets or
undertaking of the Trustee and has not ceased to act under that appointment; or
f) a petition has been presented for the winding up of the Trustee (other than for the purpose
of and followed by a reconstruction, unless during or following such reconstruction the
Trustee becomes or is declared insolvent); or
g) the Trustee is under investigation for conduct that contravenes the Trust Companies Act
1949, the Trustee Act 1949, the Companies Act 1965 or any relevant law.
Retirement of the Trustee
The Trustee may retire upon giving three (3) months (or such other period as the Manager and
the Trustee may agree upon) notice in writing to the Manager of its desire so to do, provided such
retirement is in accordance with the provisions of the Deed.
TERMINATION OF THE FUND

Termination of the Fund by the Manager
The Fund may be terminated or wound up upon occurrence of any of the following events:
A Special Resolution is passed at a Unit Holders meeting to terminate or wind up the Fund,
following occurrence of events stipulated under section 301(1) of the Act and the court has
confirmed the resolution, as required under section 301(2) of the Act; and
A Special Resolution is passed at a Unit Holders meeting to terminated or wind up the Fund.
Termination of the Fund by the Trustee
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) if, in the opinion of the Trustee, the Manager has ceased to carry on business; or
c) if, in the opinion of the Trustee, the Manager has to the prejudice of Unit Holders failed to
comply with the provisions of the Deed or contravened any of the provisions of any relevant
law.
MEETING OF UNIT HOLDERS

Provisions governing Unit Holders meeting
The quorum required for a meeting of the Unit Holders shall be five (5) Unit Holders, whether
present in person or by proxy, provided always that the quorum for a meeting of the Unit Holders
convened for the purpose of voting on a Special Resolution shall be five (5) Unit Holders, whether
313
present in person or by proxy, who must hold in aggregate at least twenty-five per centum (25%)
of the Units in circulation at the time of the meeting, and provided further that if the Fund has
five (5) or less Unit Holders, the quorum required for a meeting of the Unit Holders of the Fund
shall be two (2) Unit Holders, 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 Unit Holders present
in person or by proxy must hold in aggregate at least twenty-five per centum (25%) of the Units
in circulation at the time of the meeting.
Meetings directed by Unit Holders
Unless otherwise required or allowed by the relevant laws, the Manager shall, within twenty-one
(21) days of receiving a direction from not less than fifty (50) or one-tenth (1/10) of Unit Holders,
whichever is less, summon a meeting of the Unit Holders by:
a) sending by post at least seven (7) days before the date of the proposed meeting a notice of
the proposed meeting to all the Unit Holders;
b) publishing at least fourteen (14) days before the date of the proposed meeting an
advertisement giving notice of the proposed meeting in a national language newspaper
published daily and another newspaper approved by the relevant authorities; and
c) specifying in the notice the place and time of the meeting and the terms of the resolutions to
be proposed at the meeting.
The Unit Holders may apply to the Manager to summon a meeting for any purpose including,
without limitation, for the purpose of:
a)
b)
c)
d)
e)
requiring the retirement or removal of the Manager;

requiring the retirement or removal of the Trustee;
considering the most recent financial statements of the Fund;
giving to the trustee such directions as the meeting thinks proper; or
considering any matter in relation to the Deed.
provided always that the Manager shall not be obliged to summon such a meeting unless a
direction has been received from not less than fifty (50) or one-tenth (1/10) of all the Unit Holders,
whichever is the lesser number.
Unit Holders meeting convened by the Manager or Trustee
Unless otherwise required or allowed by the relevant laws and the Deed, the Manager or the
Trustee may convene a Unit Holders meeting pursuant to the relevant provisions of the Deed by
giving Unit Holders at least fourteen (14) days written notice specifying the place and time of the
meeting and the terms of the resolutions to be proposed.
314
SUSPENSION OF DEALING IN UNITS

The suspension of sale and/or redemption of Units shall only be carried out if the interests of the
Unit Holders would, in so far as the Trustee is concerned, be materially affected if the sale and/
or redemption of Units were not suspended. Other than this situation, the Trustee may, without
the consent of the Unit Holders, suspend the sale and/or redemption of Units in exceptional
circumstances when there is good and sufficient reason to do so having regard to the interests of
the Unit Holders and potential investors of the Fund. In such a case, the period of the suspension
shall not exceed such time as may be prescribed by any relevant law unless the consent of the
Unit Holders has been obtained.
315
316
OTHER INFORMATION
317
15. APPROVALS AND CONDITIONS

The Manager has obtained the approval from the SC for certain approvals and conditions from
the SCs Guidelines for the following Fund:
Eastspring Investments Islamic Trust
The Eastspring Investments Islamic Trust has obtained approval from the SC for a variation to
clause 10.17(a) of the Guidelines which stipulates that the payment of redemption monies to
a Unit Holder should be made within ten (10) days of a redemption request. The Manager is
allowed to pay redemption proceeds within fifteen (15) days upon receipt of the redemption
request by the Manager if the value of the redemption request on any Business Day exceeds 30%
of the Funds NAV.
Eastspring Investments Master Trust
The Eastspring Investments Master Trust has obtained approval from the SC for a variation to
clause 10.17(a) of the Guidelines which stipulates that the payment of redemption monies to
a Unit Holder should be made within ten (10) days of a redemption request. If the value of the
redemption request on any Business Day exceeds 30% of the Funds NAV, the Manager is allowed
to pay redemption proceeds within fourteen (14) days in respect of the Eastspring Small-cap,
Eastspring Growth, Eastspring Balanced and Eastspring Bond and within fifteen (15) days in
respect of the Eastspring Cash Management.
Eastspring Investments Master Trust, Eastspring Investments Islamic Trust and Eastspring
The Eastspring Investments Master Trust, Eastspring Investments Islamic Trust and Eastspring
Institutional Income have obtained approval from the SC for a variation to clause 10.38 of the
Guidelines which provides that any dealing in Units of the Fund should be at a price that is the
NAV per Unit of the Fund as at the next valuation point after the request for sale or repurchase
of Units is received by the Manager (forward price). The above variation is allowed to calculate
the repurchase price of the Units of the Funds should the redemption request exceed 30% of the
Funds NAV on any one Business Day.
The Manager may decide to implement a special mechanism for redemption or switching of
Units, in which event the redemption monies will be calculated based on the buying price as
and when assets are liquidated which is in proportion to the total redemption requests receive.
The Manager may decide to implement this mechanism only when market conditions are such
that it would not be possible to liquidate assets of the Fund at reasonable prices beneficial to the
Fund without prejudicing the whole investment portfolio. Other factors that may also affect our
decision are, amongst others, as follows:
liquidity of the particular investment;
aggregate prices to dispose of;
amount of assets to dispose of; and
other investment limits and restrictions of the Fund.
318
The following example illustrates the redemption process if a Unit Holder has requested for
redemption of 1,000,000 units in the event a large amount of redemption requests are received
(more than 30% of the Funds NAV).
Assuming that the total redemption request by all Unit Holders on a Business Day is 10 million
units, the proportion of the Unit Holders redemption request would be 10% against total total
redemption requests received. The Manager shall dispose of the assets of the Funds over several
days to meet the huge redemption request, hence there will be several repurchase prices being
computed. However, the basis of computing the daily NAV of the Fund and the repurchase price
remains the same as illustrated on page 265.
Assuming the liquidation of assets takes three days to complete, below are the details on
computation of the Unit Holders redemption proceeds based on several repurchase prices.
Total Cash
Available for
Redemptions
Buying
Price
per Unit
Total Units
Available for
Redemptions
Your
Redemption
Quantum
(Up to 10%
of Total Units
Available for
Redemption)
Your
Redemption
Proceed
(a)
(b)
(c)
(d)
(b) x (d)
RM
RM
Units
Units
RM
Day 1
1,904,800
0.4762
4,000,000
400,000
190,480
Day 2
2,261,500
0.4523
5,000,000
500,000
226,150
Day 3
1,400,100
0.4667
3,000,000
100,000
46,670
1,000,000
463,300
Business
Day
As illustrated, Unit Holders redemption requests will be based on the repurchase prices on three
valuation points on three days, instead of the next valuation point on the day his or her request is
received by the Manager.
The Eastspring Asia Pacific Equity MY has obtained approval from SC for two variations of the
Guidelines on Unit Trust Funds issued on 1 April 2003. Clause 11.10(3) of the Guidelines on Unit
Trust Funds issued on 1 April 2003 which requires a valuation to be carried out at the time of the
close of business of the Bursa Malaysia at 5.00 p.m. regardless of whether or not there are more
valuations performed in a day and Clause 1.0(3) Schedule C of the Guidelines on Unit Trust Funds
issued on 1 April 2003 which provides that the value of the Funds holding of units or shares in
other collective investment schemes must not exceed 10% of the Funds NAV.
319

The Eastspring Asia Select Income has obtained approval from SC for two variations of the
Guidelines on Unit Trust Funds issued on 1 April 2003. Clause 11.10(3) of the Guidelines on Unit
Trust Funds issued on 1 April 2003 provides that a valuation is to be carried out at the time of the
close of business of the Bursa Malaysia at 5.00 p.m. regardless of whether or not there are more
valuations performed in a day. The Manager is allowed to value the Fund at 7.00 p.m. local time.
Clause 2.0(2) of Schedule C of the Guidelines on Unit Trust Funds issued on 1 April 2003 further
provides that the value of the Funds holding in the securities of, and the securities relating to, any
single issuer must not exceed 15% of the Funds NAV. The Fund is allowed to invest up to 40% of
the Funds NAV in the Eastspring Investments Dragon Peacock.
320
16. RELATED PARTY TRANSACTIONS OR CONFLICT OF INTEREST

Eastspring Investments (Singapore) Limited and the Manager are within the same group of
companies i.e. the Prudential group of companies; therefore there is a possibility of conflict of
interest element and/or related party transactions. However, the Manager has in place policies
and procedures to deal with any conflict of interest and/or related party transactions situations. All
transactions with related parties are to be executed on terms which are best available to the Fund
and based on best execution and at arms-length transaction between independent parties.
As the Manager of the Fund, the Manager observes high standards of integrity and fair dealing
to your best and exclusive interests. The Manager will not conduct transactions in any manner
which will result in unnecessary costs or risk to the Fund. The Manager will also avoid conflicts
of interest and will act in a manner so as to avoid any disadvantage to the Fund, if such conflicts
should arise. The Manager shall not, without the Trustees prior approval, invest any moneys
available under the Deed in any securities, property and assets in which the Manager or any
of the Managers officer (includes directors and staff) has a financial interest or from which the
Manager or any of the Managers officer, derives benefit.
A person shall be deemed to have a financial interest in securities if he or she has an interest or
interests in one or more voting shares in the company and the nominal amount of that share, or
the aggregate of the nominal amounts of those shares, is not less than five per centum (5%) of
the aggregate of the nominal amounts of all the voting shares in the company.
In making an investment transaction for the Fund, the Manager is obliged not to make improper
use of our position in managing the Fund to gain, directly or indirectly, any advantage for the
Manager or for any other person or to cause detriment to your interests. If the interests of the
directors or the investment committee members conflict with the interests of the Fund, they will
not be allowed to participate in the decision-making process in respect of the matter. Additionally,
the Managers, directors, investment committees and employees have to disclose their personal
dealings to the compliance unit, which monitors such dealings.
As at 8 May 2014 none of the Managers directors or substantial shareholders have any direct or
indirect interest in other corporations carrying on a similar business as the Manager except for:Guy Robert Strapp is a non-executive director of Saharanine Pty Ltd; Australia.
None of the Managers advisers have any existing or potential interests or conflicts of interest in
an advisory capacity in the Fund or the Manager.
321
DeutscheTrustees Malaysia Berhad

As the Trustee for the Fund, there may be related party transactions involving or in connection
with the Fund in the following events:
1) Where the Fund invests in the products offered by Deutsche Bank AG and any of its group
companies (e.g. money market placement, etc.);
2) Where the Fund has obtained financing from Deutsche Bank AG and any of its group
companies, as permitted under the SCs guidelines and other applicable laws;
3) Where the Manager appoints Deutsche Bank (Malaysia) Berhad (DBMB) and/or Deutsche
Trustees Malaysia Berhad (DTMB) to perform its back office functions (e.g. fund accounting
and valuation and/or registrar and transfer agent); and
4) Where DTMB has delegated its custodian functions for the Fund to DBMB.
DTMB will rely on the Manager to ensure that any related party transactions, dealings,
investments and appointments are on terms which are the best that are reasonably available for
or to the Fund and are on an arms length basis as if between independent parties.
While DTMB has internal policies intended to prevent or manage conflicts of interests, no
assurance is given that their application will necessarily prevent or mitigate conflicts of interests.
DTMBs commitment to act in the best interests of the Unit Holders of the Fund does not preclude
the possibility of related party transactions or conflicts.
322
17. TAXATION ADVISERS LETTER ON TAXATION OF THE FUNDS

AND UNIT HOLDERS
(Prepared for inclusion in this master prospectus)
PricewaterhouseCoopers Taxation Services Sdn Bhd
Level 10, 1 Sentral, Jalan Travers
P.O. Box 10192
50706 Kuala Lumpur
The Board of Directors
10, Jalan Sultan Ismail
50250 Kuala Lumpur
Date: 4 July 2014
TAXATION OF THE FUNDS OFFERED UNDER THE MASTER PROSPECTUS DATED 15 JULY
2014 AND EXPIRES ON 14 JULY 2015 (Master Prospectus) AND UNIT HOLDERS
Dear Sirs,
This letter has been prepared for inclusion in the Master Prospectus in connection with the offer
of Units in the Funds listed in the Appendix (the Funds).
The taxation of income for both the Funds and the Unit Holders are subject to the provisions
of the Malaysian Income Tax Act 1967 (the Act). The applicable provisions are contained in
Section 61 of the Act, which deals specifically with the taxation of trust bodies in Malaysia.
TAXATION OF THE FUNDS
The Funds will be regarded as resident for Malaysian tax purposes since the Trustees of the Funds
are resident in Malaysia.
(1) Domestic Investments
(i) General taxation
Subject to certain exemptions, the income of the Funds consisting of dividends, interest
income eor profit1 (other than interest income and profit1 which is exempt from tax)
and other investment income derived from or accruing in Malaysia, after deducting tax
allowable expenses, is liable to Malaysian income tax at the rate of 25 per cent.
Gains on disposal of investments by the Funds will not be subject to Malaysian income tax.
323
(ii) Dividends and Other Exempt Income

Effective 1 January 2014, all companies would adopt the single-tier system. Hence
dividends received would be exempted from tax and the deductibility of expenses
incurred against such dividend income would be disregarded. There will no longer be any
tax refunds available for single-tier dividends received. Dividends received from companies
under the single-tier system would be exempted.
The Funds may receive Malaysian dividends which are tax exempt. The exempt dividends
may be received from investments in companies which had previously enjoyed or are
currently enjoying the various tax incentives provided under the law. The Funds will not
be taxable on such exempt income.
Interest or discount income or profit1 derived from the following investments is exempt
from tax:
(a) Securities or bonds issued or guaranteed by the government of Malaysia;
(b) Debentures2, other than convertible loan stocks, approved by the SC; and
(c) Bon Simpanan Malaysia issued by Bank Negara Malaysia.
Interest income or profit1 derived from the following investments is exempt from tax:
(a) Interest income or profit1 paid or credited by any bank or financial institution licensed
under the Financial Services Act 2013 and Islamic Financial Services Act 2013 with
effect from 30 June 2013; and
(b) Bonds, other than convertible loan stocks, paid or credited by any company listed in
Bursa Malaysia Securities Berhad ACE Market.
The interest income / profit1 or discount exempted from tax at the Funds level will also be
exempted from tax upon distribution to the Unit Holders.
(2) Foreign Investments
Income of the Funds in respect of income received from overseas investment is exempt from
Malaysian tax by virtue of Paragraph 28 of Schedule 6, of the Act and distributions from
such income will be tax exempt in the hands of the Unit Holders. Such income from foreign
investments may be subject to foreign taxes or withholding taxes. Any foreign tax suffered on
the income in respect of overseas investment is not tax refundable to the Funds.
The foreign income exempted from Malaysian tax at the Funds level will also be exempted
from tax upon distribution to the Unit Holders.
(3) Hedging Instruments
The tax treatment of hedging instruments would depend on the particular hedging
instruments entered into.
324
Generally, any gain / loss relating to the principal portion will be treated as capital gain / loss.
Gains / losses relating to the income portion would normally be treated as revenue gains /
losses. The gain / loss on revaluation will only be taxed or claimed upon realisation. Any gain /
loss on foreign exchange is treated as capital gain / loss if it arises from the revaluation of the
principal portion of the investment.
(4) Income from Malaysia Real Estate Investment Trusts (REITs)
Income from distribution from REITs will be received net of final withholding tax of 10 per
cent. No further tax will be payable by the Funds on the distribution. Distribution from such
income by the Funds will also not be subject to further tax in the hands of the Unit Holders.
(5) Tax Deductible Expenses
Expenses wholly and exclusively incurred in the production of gross income are allowable as
deductions under Section 33(1) of the Act. In addition, Section 63B of the Act provides for
tax deduction in respect of Managers remuneration, expenses on maintenance of the register
of Unit Holders, share registration expenses, secretarial, audit and accounting fees, telephone
charges, printing and stationery costs and postages based on a formula subject to a minimum
of 10 per cent and a maximum of 25 per cent of the expenses.
(6) Real Property Gains Tax
With effect from 1 January 2014, any gains on disposal of real properties (chargeable asset)
or shares in real property companies3 (chargeable asset) would be subject to real property
gains tax (RPGT) as follows:Disposal time frame
RPGT rates
Within 3 years
30%
In the 4th year
20%
In the 5th year
15%
In the 6th year and subsequent years
5%
(7) Goods and Services Tax (GST)

It was announced in the Malaysian Budget 2014 that GST will be implemented on 1 April
2015 at the rate of 6% to replace the existing sales tax and service tax. Based on the draft
guideline4 issued, the Funds, being collective investment vehicles, will be making exempt
supplies. Hence, they are not required to be registered. However, the Funds will incur
expenses such as management fees, trustee fees and other administrative charges which will
be subject to 6% GST. The 6% input tax incurred on such expenses will not be claimable by
the Funds.
325
TAXATION OF UNIT HOLDERS

Unit Holders will be taxed on an amount equivalent to their share of the total taxable income
of the Funds to the extent of the distributions received from the Funds. The income distribution
from the Funds will carry a tax credit in respect of the tax paid by the Funds. Unit Holders will be
entitled to utilise the tax credit against the tax payable on the income distribution received by
them. No additional withholding tax will be imposed on the income distribution from the Funds.
Corporate Unit Holders, resident5 and non-resident, will generally be liable to income tax at 256
per cent on distribution of income received from the Funds. The tax credits attributable to the
distribution of income can be utilised against the tax liabilities of these Unit Holders.
Individuals and other non-corporate Unit Holders who are tax resident in Malaysia will be subject
to income tax at graduated rates ranging from 1 per cent to 267 per cent. Individuals and other
non-corporate Unit Holders who are not resident in Malaysia will be subject to income tax at 268
per cent. The tax credits attributable to the distribution of income will be utilised against the tax
liabilities of these Unit Holders.
Non-resident Unit Holders may also be subject to tax in their respective jurisdictions and
depending on the provisions of the relevant tax legislation and any double tax treaty with
Malaysia, the Malaysian tax suffered may be creditable in the foreign tax jurisdictions.
The distribution of exempt income and gains arising from the disposal of investments by the
Funds will be exempted from tax in the hands of the Unit Holders.
Any gains realised by Unit Holders (other than those in the business of dealing in securities,
insurance companies or financial institutions) on the sale or redemption of the Units are treated as
capital gains and will not be subject to income tax.
Unit Holders electing to receive their income distribution by way of investment in the form of new
Units will be regarded as having purchased the new Units out of their income distribution after
tax.
Unit splits issued by the Funds are not taxable in the hands of Unit Holders.
We hereby confirm that the statements made in this report correctly reflect our understanding
of the tax position under current Malaysian tax legislation. Our comments above are general
in nature and cover taxation in the context of Malaysian tax legislation only and do not cover
foreign tax legislation. The comments do not represent specific tax advice to any investors and
we recommend that investors obtain independent advice on the tax issues associated with their
investments in the Funds.
326
Yours faithfully,
for and on behalf of
PRICEWATERHOUSECOOPERS TAXATION SERVICES SDN BHD
Lim Phaik Hoon

Senior Executive Director
PricewaterhouseCoopers Taxation Services Sdn Bhd have given their written consent to the
inclusion of their report as taxation adviser in the form and context in which they appear in this
Master Prospectus and have not, before the date of issue of the Master Prospectus, withdrawn
such consent.
___________________________________________________________________________________
Section 2(7) of the Income Tax Act 1967, any reference to interest shall apply, mutatis mutandis, to gains or
profits received and expenses incurred, in lieu of interest, in transaction conducted in accordance with the
principles of Shariah.
The effect of this is that any gains or profits received and expenses incurred, in lieu of interest, in
transactions conducted in accordance with the principles of Shariah, will be accorded the same tax
treatment as if they were interest.
Structured products approved by the Securities Commission Malaysia are deemed to be debenture under
the Capital Markets and Services Act, 2007 and fall within the scope of exemption.
A real property company is a controlled company which owns or acquires real property or shares in real
property companies with a market value of not less than 75 per cent of its total tangible assets. A controlled
company is a company which does not have more than 50 members and is controlled by not more than 5
persons.
Pursuant to Goods And Services Tax Guide on Fund Management (draft as at 27 October 2013) issued by
the Royal Malaysian Customs.
Resident companies with paid up capital in respect of ordinary shares of RM2.5 million and below will pay
tax at 20 per cent for the first RM500,000 of chargeable income with the balance taxed at 25 per cent.
With effect from year of assessment (YA) 2009, the above shall not apply if more than
(a) 50 per cent of the paid up capital in respect of ordinary shares of the company is directly or indirectly
owned by a related company;
(b) 50 per cent of the paid up capital in respect of ordinary shares of the related company is directly or
indirectly owned by the first mentioned company;
(c) 50 per cent of the paid up capital in respect of ordinary shares of the first mentioned company and the
related company is directly or indirectly owned by another company.
Related company means a company which has a paid up capital in respect of ordinary shares of more
than RM2.5 million at the beginning of the basis period for a year of assessment.
327
It was recently announced during the 2014 Budget that the Malaysian corporate income tax rate will be
reduced to 24 per cent effective YA 2016.
It was recently announced during the 2014 Budget that the income tax rates for individual tax residents in
Malaysia will be reduced to rates ranging from 1 to 25 per cent effective YA 2015.
It was recently announced during the 2014 Budget that the income tax rate for non-individuals in Malaysia
will be reduced to 25 per cent effective YA 2015.
APPENDIX
The Funds consist of the following 20 funds:1.

2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
328

Eastspring Dynamic
Eastspring MY Focus Fund
TAXATION ADVISERS LETTER ON THE TAXATION OF THE FUNDS

AND UNIT HOLDERS
(Prepared for inclusion in this master prospectus)
The Board of Directors

10, Jalan Sultan Ismail
50250 Kuala Lumpur
Date: 18 June 2014
Dear Sirs
TAXATION OF THE FUNDS AND UNIT HOLDERS

This letter has been prepared for inclusion in the master prospectus dated 15 July 2014 and
expires on 14 July 2015 in connection with the offer of Units in the Eastspring Small-cap,
Eastspring Growth, Eastspring Balanced, Eastspring Bond and Eastspring Cash Management
(the Funds).
Taxation of the Funds
The Funds are unit trusts for Malaysian tax purposes. The taxation of the Funds is therefore
governed principally by Sections 61 and 63B of the Income Tax Act, 1967 (the Act).
Subject to certain exemptions, the income of the Funds in respect of investment income derived
from or accruing in Malaysia is liable to income tax at the prevailing rate of 25%. It was proposed
in the 2014 Budget tabled in the Parliament on 25 October 2013 that the tax rate of 25% be
reduced by 1% to 24% with effect from Year Assessment (YA) 2016.
Under Section 2(7) of the Act, any reference to interest for an Islamic fund shall apply, mutatis
mutandis, to gains or profits received and expenses incurred, in lieu of interest, in transactions
conducted in accordance with the principles of Shariah. The effect of this is that any gains or
profits received and expenses incurred, in lieu of interest, in transactions conducted in accordance
with the principles of Shariah, will be accorded the same tax treatment as if they were interest.
Gains from the realisation of investments by the Funds will not be subject to income tax.
Interest income earned by the Funds from the following is exempt from tax:any savings certificates issued by the government; or
securities or bonds issued or guaranteed by the government; or
329
debentures or Islamic securities, other than convertible loan stock, approved by the Securities
Commission Malaysia; or
Bon Simpanan Malaysia issued by the Central Bank of Malaysia; or
bonds or securities issued by Pengurusan Danaharta Nasional Berhad; or
a bank or financial institution licensed under the Banking and Financial Institutions Act 2013
or Islamic Financial Services Act 2013; or
Islamic securities (including sukuks) originating from Malaysia, other than convertible loan
stocks, issued in any currency other than Ringgit and approved by the Securities Commission
Malaysia or Labuan Financial Services Authority; or
a Sukuk Wakala, other than a convertible loan stock, issued in any currency by Wakala Global
Sukuk Berhad.
The Funds may receive dividends, interest and other income from investments outside Malaysia.
Income derived from sources outside Malaysia and received in Malaysia by a resident unit trust is
exempt from Malaysian income tax. However, such income may be subject to tax in the country
from which it is derived.
Any income received by the Funds from a Sukuk Issue which has been issued by the Malaysia
Global Sukuk Inc will be exempt from tax.
Any income received by the Funds from a Sukuk Ijarah, other than convertible loan stock, issued
in any currency by 1Malaysia Sukuk Global Berhad will be exempt from tax.
Discount or profit received by the Funds from sale of bonds or securities issued by Pengurusan
Danaharta Nasional Berhad or Danaharta Urus Sendirian Berhad is exempt from tax.
Discounts earned by the Funds from the following are also exempt from tax:securities or bonds issued or guaranteed by the government; or
debentures or Islamic Securities, other than convertible loan stock, approved by the Securities
Commission Malaysia; or
Bon Simpanan Malaysia issued by the Central Bank of Malaysia.
Single tier dividends received by the Funds are exempt from tax and expenses incurred by the
Funds in relation to such dividend income are disregarded.
Tax deductions in respect of the Funds expenses such as managers remuneration, expenses
on maintenance of a register of unit holders, share registration expenses, secretarial, audit and
accounting fees, telephone charges, printing and stationery costs and postage (permitted
expenses) are allowed based on a prescribed formula subject to a minimum of 10% and a
maximum of 25% of the total permitted expenses.
330
Real Property Gains Ta (RPGT)

Gains on disposal of investments by the Funds will not generally be subject to income tax in
Malaysia. However, such gains may be subject to RPGT in Malaysia, if the gains are derived from
sale of Malaysian real properties and shares in Malaysian real property companies.
As gazette in the Finance Act 2014, with effective from 1 January 2014, any gains from disposal
of real properties and shares in real property companies would be subject to RPGT at the
following ratges:Dated of Disposal
Rates
Disposal within 3 years from the date of acquisition
30%
Disposal after 3 years and within 4 years from the date of acquisition
20%
Disposal after 4 years and within 5 years from the date of acquisition
15%
Disposal after 5 years from the date of acquisition
0%
Taxation of Unit Holders

Unit Holders are taxed on an amount equivalent to their share of the total taxable income of
the Funds, to the extent that this is distributed to them. The income distribution from the Funds
may carry with it applicable tax credits proportionate to each Unit Holders share of the total
taxable income in respect of the tax paid by the Funds. Unit Holders will be entitled to utilise
the tax credit as a set off against the tax payable by them. Any excess over their tax liability
will be refunded to the Unit Holders. No other withholding tax will be imposed on the income
distribution of the Funds.
Corporate Unit Holders, resident or non resident in Malaysia, would be taxed at the prevailing
corporate tax rate of 25% on distributions of income from the Funds to the extent of an amount
equivalent to their share of the total taxable income of the Funds. It was proposed in the 2014
Budget that the tax rate of 25% be reduced by 1% to 24% with effect from YA 2016. Corporate
Unit Holders in Malaysia with paid-up capital in the form of ordinary shares of RM2.5 million and
below will be subject to a tax rate of 20% (proposed to be reduced to 19% in the 2014 Budget
effective from YA 2016) on chargeable income of up to RM500,000. For chargeable income
in excess of RM500,000, the prevailing tax rate of 25% (proposed to be reduced to 24% in
the 2014 Budget effective from YA 2016) is still applicable. However, the said tax rate of 20%
on chargeable income of up to RM500,000 would not apply if more than 50% of the paid up
capital in respect of ordinary shares of that corporate Unit Holder is directly or indirectly owned
by a related company which has a paid up capital exceeding RM2.5 million in respect of ordinary
shares, or vice versa, or more than 50% of the paid up capital in respect of ordinary shares of
both companies are directly or indirectly owned by another company.
331
Individuals and other non-corporate Unit Holders who are resident in Malaysia will be subject to
income tax at scale rates. The prevailing scale tax rates range from 1% to 26%. It was proposed
in the 2014 Budge that the maximum tax rate of 26% be reduced by 1% to 25% with effect
from YA 2015.
Individuals and other non-corporate Unit Holders who are not resident in Malaysia, for tax
purposes, will be subject to Malaysian income tax (the prevailing rate is 26%). It was proposed
in the 2014 Budge that the tax rate of 26% be reduced by 1% to 25% with effect from YA
2015. Non resident Unit Holders may also be subject to tax in their respective jurisdictions and
depending on the provisions of the relevant tax legislation and any double tax treaties with
Malaysia, the Malaysian tax suffered may be creditable in the foreign tax jurisdictions.
The distribution of single-tier dividends and tax exempt income by the Funds will not be subject
to tax in the hands of the Unit Holders in Malaysia. Distribution of foreign income will also be
exempt in the hands of the Unit Holders.
Units split by the Funds will be exempt from tax in Malaysia in the hands of the Unit Holders.
Any gains realised by the Unit Holders (other than financial institutions, insurance companies and
those dealing in securities) from the transfers or redemptions of the units are treated as capital
gains which are not subject to income tax in Malaysia.
The tax position is based on the Malaysian tax laws and provisions as they stand at present. All
prospective investors should not treat the contents of this letter as advice relating to taxation
matters and are advised to consult their own professional advisers concerning their respective
investments.
Yours faithfully
Tai Lai Kok

Executive Director
332
18. ADDITIONAL INFORMATION

CONSENT
The Trustees, Shariah adviser, External Fund Manager, auditors, Investment Managers, solicitors,
registrar and transfer agency, company secretary, bankers, valuers and taxation advisers have
given their consent for inclusion of their names and statements in the master prospectus in the
form in which it appears and have not withdrawn such consent.
LODGING A COMPLAINT
1. To lodge a complaint or for an internal dispute resolution, you can contact our client services
at 603-2332 1000.
2. If you are an individual or a sole proprietor investor and dissatisfied with the outcome of the
internal dispute resolution process, please refer your dispute to the Securities Industry Dispute
Resolution Center (SIDREC) via the following modes. You may do so within 180 days of
receiving the final answer from us or within 90 days from filing the complaint, irrespective of
whether a final answer has been sent by us.
(a) via phone to
603-2282 2280
(b) via fax to
603-2282 3855
(c) via email to
info@sidrec.com.my
(d) via letter to
Securities Industry Dispute Resolution Center (SIDREC)

Unit A-9-1, Level 9, Tower A
Menara UOA Bangsar
No. 5, Jalan Bangsar Utama 1
59000 Kuala Lumpur
3. You can also direct your complaint to the SC even if you have initiated a dispute resolution
process with SIDREC. To make a complaint, please contact the SCs Investor Affairs &
Complaints Department:
(a) via phone to the
Aduan Hotline at
(603) 6204 8999
(b) via fax to
(603) 6204 8991
(c) via email to
aduan@seccom.com.my
(d) via online complaint

form available at
www.sc.com.my
(e) via letter to
Investor Affairs & Complaints Department

Securities Commission Malaysia
No. 3, Persiaran Bukit Kiara
Bukit Kiara
50490 Kuala Lumpur
333
19. DOCUMENTS AVAILABLE FOR INSPECTION

The following documents, for a period of not less than twelve (12) months from the date of this
master prospectus, may be inspected at the Trustees and/or our head office (where applicable)
without charge:
the Deed;
any material contract or document referred to in this master prospectus;
the latest annual and interim reports of the Fund;
all reports, letters or other documents, valuations and statements by any expert, any part of
which is extracted or referred to in this master prospectus;
our audited financial statements and that of the Fund for the current financial year (where
applicable) and for the last three (3) financial years, or from the date of commencement, if
less than three (3) years, preceding the date of this master prospectus; and
writ and relevant cause papers for all current material litigation and arbitration disclosed in
this master prospectus; and
any consent given by experts or persons whose statement appears in this master prospectus.
334
20. UNIT TRUST LOAN FINANCING RISK DISCLOSURE STATEMENT

Investing in a unit trust fund with borrowed money is more risky than investing with
your own savings.
You should assess if loan financing is suitable for you in light of your objectives, attitude to risk
and financial circumstances. You should be aware of the risks, which would include the following:
1. The higher the margin of financing (that is, the amount of money you borrow for every
ringgit of your own money which you put in as deposit or down payment), the greater the
potential for losses as well as gains.
2. You should assess whether you have the ability to service the repayments on the proposed
loan. If your loan is a variable rate loan, and if interest rates rise, your total repayment
amount will be increased.
3. If unit prices fall beyond a certain level, you may be asked to provide additional acceptable
collateral or pay additional amounts on top of your normal installments. If you fail to comply
within the time prescribed, your units may be sold to settle your loan.
4. Returns on unit trusts are not guaranteed and may not be earned evenly over time. This
means that there may be some years where returns are high and other years where losses are
experienced. Whether you eventually realise a gain or loss may be affected by the timing of
the sale of your units. The value of units may fall just when you want your money back even
though the investment may have done well in the past.
This brief statement cannot disclose all the risks and other aspects of loan financing. You should
therefore carefully study the terms and conditions before you decide to take a loan. If you are in
doubt about any aspect of this risk disclosure statement or the terms of the loan financing, you
should consult the institution offering the loan.
Acknowledgement of Receipt of Risk Disclosure Statement
I acknowledge that I have received a copy of this Unit Trust Loan Financing Risk Disclosure
Statement and understand its contents.
Signature : ________________________________________________________
Full name : ________________________________________________________
Date
: ________________________________________________________
335
21. COMPLIANCE WITH LAWS IN VARIOUS JURISDICTIONS

In managing the Fund, the Manager may be obliged to comply with, observe or fulfill the
requirements or expectations of the laws, regulations, orders, guidelines, codes, market standards
and requests of or agreements with any public, judicial, tax, governmental or other regulatory
authorities or self-regulatory bodies (the Authorities and each is an Authority) in various
jurisdictions relating to any matter in connection with the Fund and/or the Managers business
including without limitation, tax compliance, anti-money laundering, sanctions, anti-terrorism
financing or the prevention and detection of crime (the Applicable Requirements) which may be
amended, promulgated or introduced from time to time.
In this connection, the Manager may take all reasonable steps to ensure compliance with and
adherence to the Applicable Requirements subject to compliance with the relevant laws in
Malaysia.
Disclosure of information to the Authorities
In complying with the Applicable Requirements and subject to the paragraphs below, the
Manager may be required to disclose any information relating to a Unit Holder and/or a Unit
Holders investments to any Authority, including without limitation:
(a) the Unit Holders account number, investment and redemption details, and the amount of
income distribution paid to the Unit Holder;
(b) if the Unit Holder is an individual, the name, nationality, address, tax identification number,
and his United States person (U.S. person) status (if applicable); and
(c) if the Unit Holder is a corporation or any other type of entity, the name, registered office,
business address, place of establishment, tax identification number, information of the
management, substantial shareholders, legal and beneficial owners or controllers and its U.S.
person status (if applicable).
If the Manager intends to disclose the information of a Unit Holder and/or a Unit Holders
investments to any Authority, the Manager will seek the prior consent of such Unit Holder (unless
such consent has already been given by the Unit Holder in the subscription or application form
or in any other subsequent document, or unless the relevant laws in Malaysia provide otherwise)
whether by mail or such other mode of communication as it deems appropriate.
Such disclosure may be sent by the Manager, its delegates or related corporations, or any other
entity as the Manager deems fit.
If the Manager requires any further information or documents for the purposes of its disclosure
to an Authority, the Manager may request and a Unit Holder shall provide the Manager with
such further information or documents within such time as may be reasonably required by the
Manager.
Notwithstanding the above, if such disclosure becomes mandatory under the relevant laws in
Malaysia, the Manager shall be entitled to make such disclosure to the Authority without the prior
consent of, or any notification to, a Unit Holder.
336
Updating of information by Unit Holders

A Unit Holder shall provide his assistance as may be necessary (including, where required,
providing the Manager with further information and documents relating to the Unit Holder, his
associated persons or affiliates and where the Unit Holder is a corporation or any other type of
entity, further information and documents relating to its management, and legal and beneficial
owners) to enable the Manager to comply with its obligations under the Applicable Requirements.
The Unit Holder will update the Manager in a timely manner of any change to any of the details
previously provided to the Manager whether at the time of subscription or at any other times. In
particular, it is very important that the Unit Holder notifies the Manager immediately if:
(a) the Unit Holder is an individual, and there is a change in his nationality, he acquires additional
nationality or citizenship, or he changes in his tax residency; or
(b) the Unit Holder is a corporation or any other type of entity, and there is a change in its
registered office, business address, substantial shareholders or their details, legal and
beneficial owners or controllers or their details.
If any of these changes occurs or if any other information comes to the Managers attention
concerning such changes, the Manager may be required to request certain documents or
information from a Unit Holder. Such information and documents include but are not limited to
duly completed and/or executed (and, if necessary, notarized) tax declarations or forms.
Effect of non-compliance by Unit Holders
If:
(a) a Unit Holder does not provide the Manager with the information or documents or any other
assistance requested by the Manager in a timely manner;
(b) a Unit Holder does not update the Manager in a timely manner of any change to any of the
details previously provided to the Manager whether at the time of subscription or at any
other times; or
(c) any information or document provided by a Unit Holder is not up-to-date, accurate or
complete such that the Manager is unable to comply with or adhere to the Applicable
Requirements,
the Manager will continue to request for such information or document from the Unit Holder by
letter, email, telephone or any other manner which the Manager may deem appropriate. Such
information or document is required to ensure that the Manager complies with or adheres to the
Applicable Requirements and protects the interests of the Fund.
Notice on Personal Data Protection
All personal data of a Unit Holder contained in the subscription or application form and all and
any further personal data collected in the course of the business relationship with the Manager
may be processed by the Manager or its delegates and other related corporation, including those
established outside Malaysia, the Trustee or its delegates and any other intermediaries related to
the Fund. Such data shall be processed for the purposes of account opening and administration,
337
anti-money laundering requirements, tax identification (including for the purpose of compliance
with the Applicable Requirements), processing of transaction(s) and/or any other general business
purposes (except for direct marketing and promotion of the Managers other products and
services) by the Manager.
For the purposes of the aforesaid notice, the term personal data shall have the same meaning
prescribed in the Personal Data Protection Act 2010 (the PDPA) and the term processed shall
have the same meaning as processing as prescribed in the PDPA.
Please refer to the subscription or application form for further details on the personal data
protection requirements.
338
22. DIRECTORY OF SALES OFFICE

HEAD OFFICE
50250 Kuala Lumpur
General tel: 603-2052 3388
General fax: 603-2070 6129
Client services tel: 603-2332 1000
Client services fax: 603-2052 3366
Email: cs.my@eastspring.com
Website: www.eastspringinvestments.com.my
SELANGOR
Unit B-1-27 & B-1-28, Block Bougainvillea
10 Boulevard, Jalan Cempaka
Kg Sg Kayu Ara
Lebuhraya Sprint, PJU 6A
47400 Petaling Jaya
Selangor
Tel: 603-7839 5288
SABAH
Suite E3, 9th Floor, CPS Tower
Centre Point Sabah
No. 1, Jalan Centre Point
88000 Kota Kinabalu
Sabah
Tel: 6088-238 613
339
23. LIST OF DISTRIBUTION CHANNELS

AFFIN BANK BERHAD
17th Floor, Menara Affin
No. 80, Jalan Raja Chulan
50200 Kuala Lumpur
Tel: 603-2055 9000
Fax: 603-2026 1415
www.affinbank.com.my
_______________________
ALLIANCE BANK MALAYSIA BERHAD
Menara Multi-Purpose
Capital Square
No. 8, Jalan Munshi Abdullah
50100 Kuala Lumpur
Tel: 603 2094 8800
Fax: 603 2691 9891
www.alliancebank.com.my
_______________________
AMBANK (M) BERHAD
Wealth Management Department,
Level 31, Menara AmBank,
No. 8, Jalan Yap Kwan Seng,
50450 Kuala Lumpur
Customer Care: 1300 80 8888 (domestic)
Tel: 603-2178 8888
Email: customercare@ambankgroup.com
_______________________
AMINVESTMENT BANK BERHAD
18th Floor, Bangunan AmBank Group
No. 55, Jalan Raja Chulan
50200 Kuala Lumpur
Tel: 603-2036 2633
www.ambankgroup.com
_______________________
ASM INVESTMENT SERVICES BERHAD
Ground Floor, Wisma ASMB
1A, Jalan Lumut
P.O.Box 10701
50722 Kuala Lumpur
Tel: 603-4145 3800
Fax: 603-4145 3901
www.asmb.com.my
340
BANK KERJASAMA RAKYAT MALAYSIA

BERHAD
Financial Planning Services
Level 15, Bangunan PERKIM
No. 150, Jalan Ipoh
51200 Kuala Lumpur
Tel: 603-4027 2538
Fax: 603-4027 2582
_______________________
CIMB BANK BERHAD & ITS BRANCHES
NATIONWIDE
Main Office
8th Floor, Menara Bumiputera-Commerce
No. 11, Jalan Raja Laut
50350 Kuala Lumpur
Tel: 1-300-880-900
www.cimbbank.com.my
_______________________
CIMB INVESTMENT BANK BERHAD
Lot 7-01, Level 7
Tower Block, Menara Milenium
Jalan Damanlela, Damansara Heights
50490 Kuala Lumpur
Tel: 603-2087 8688
Fax: 603-2087 8638
www.cimbbank.com.my
_______________________
CITIBANK BERHAD
Level 19, Menara Citibank
No. 165, Jalan Ampang
50450 Kuala Lumpur
Tel: 603-2383 0000
www.citibank.com.my
_______________________
HONG LEONG BANK BERHAD
Level 3A, Wisma Hong Leong
No. 18, Jalan Perak
50450 Kuala Lumpur
Tel: 603-2164 2828
Fax: 603-2164 1516
www.hlb.com.my
HSBC AMANAH MALAYSIA BERHAD

No. 2, Leboh Ampang
50100 Kuala Lumpur
Tel: 603-2070 0744
Fax: 603-2070 1146
www.hsbcamanah.com.my
_______________________
MALAYAN BANKING BERHAD

Level 34, Menara Maybank
No. 100, Jalan Tun Perak
50050 Kuala Lumpur
Tel: 603-2070 8833
Fax: 603-2070 2611
_______________________
HSBC BANK MALAYSIA BERHAD

No. 2, Leboh Ampang
50100 Kuala Lumpur
Tel: 603-2070 0744
Fax: 603-2070 1146
www.hsbc.com.my
_______________________
OCBC AL-AMIN BANK BERHAD

25th Floor, Wisma Lee Rubber
No. 1, Jalan Melaka
50100 Kuala Lumpur
Tel: 603-2034 5034
Fax: 603-2698 4363
www.ocbc.com.my
_______________________
iFAST CAPITAL SDN BHD

50250 Kuala Lumpur
Malaysia
Tel: 603-2149 0600
_______________________
KENANGA INVESTMENT BANK
BERHAD
Wealth Management Division
Ground Floor, West Wing
Bangunan ECM Libra
No. 8, Jalan Damansara Endah
Damansara Heights
50490 Kuala Lumpur
Tel: 603-2089 4677
Fax: 603-2093 7835
Email: kwm.cs@kenanga.com.my
_______________________
KUWAIT FINANCE HOUSE
(MALAYSIA) BERHAD
Level 18, Tower 2, Etiqa Twins
No. 11, Jalan Pinang
50704 Kuala Lumpur
Tel: 603-2055 7777
OCBC BANK (MALAYSIA)

BERHAD
Menara OCBC, 18 Jalan Tun Razak
50050 Kuala Lumpur
Tel: 603-2034 5034
Fax: 603-2698 4363
www.ocbc.com.my
_______________________
PHILLIP MUTUAL BERHAD
B-2-7, Block B
Level 2, Unit 7, Megan Avenue II
No. 12, Jalan Yap Kwan Seng
50450 Kuala Lumpur
Tel: 603-2783 0300
Fax: 603-2711 3036
_______________________
RHB BANK BERHAD
Level 10, Tower One
RHB Centre, Jalan Tun Razak
50400 Kuala Lumpur
Tel: 603-9287 8888
Fax: 603-9287 9000
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STANDARD FINANCIAL PLANNER

SDN BHD
B-8-3A, Block B West, Menara PJ8
No. 23, Jalan Barat
46050 Petaling Jaya
Selangor
Tel: 603-7954 5486
_______________________
STANDARD CHARTERED BANK
MALAYSIA BERHAD
50250 Kuala Lumpur
Tel: 603-2117 7777
Fax: 603-2781 7260/59
www.standardchartered.com.my
_______________________
UNITED OVERSEAS BANK
(MALAYSIA) BHD
Wealth Management
Level 13, Menara UOB
Jalan Raja Laut
50350 Kuala Lumpur
Tel: 603-2692 7722
Fax: 603-2691 6113
www.uob.com.my
342
Eastspring Investments Berhad (531241-U)

10 Jalan Sultan Ismail, 50250 Kuala Lumpur
T: (603) 2052 3388 F: (603) 2070 6129
eastspringinvestments.com.my
Client Services
T: (603) 2332 1000 F: (603) 2052 3366
cs.my@eastspring.com
MA-I.0414.01
MASTER ACCOUNT OPENING FORM

INDIVIDUAL
Documentation Checklist:
To ensure successful processing of this application, please enclose the
following documents:
Photocopy of IC/Passport (certified true copy)
Photocopy of Joint Account Holders (if any) IC/Passport or Birth Certificate
if the Joint Account Holder is a minor (certified true copy)
Duly completed and signed Suitability Assessment Form
Duly completed and signed FiMM Pre-investment Form
Duly completed and signed Personal Data Protection Act (PDPA)
Declaration Form
For applicants with indicia of US citizenship:
Relevant FATCA forms
Payment Options
For cash investments:

Transaction Form BUY
Cheque made payable to Eastspring Investments Berhad
or online transfer receipt (Note: Third party cheques and third party online transfers
are not allowed.)
For EPF Members Investment Scheme withdrawals:

Transaction Form BUY
KWSP 9N Form
Latest KWSP statement printed not more than 30 days ago
For Regular Savings Plan:

Transaction Form REGULAR SAVINGS
Auto Debit/Direct Debit Authorisation Form
MA-I.0414.01
Eastspring Investments Berhad (531241- U)
Level 12, Menara Prudential,
Client Services (603) 2332 1000
Client Services Fax (603) 2052 3366
Email cs.my@eastspring.com
Website www.eastspringinvestments.com.my
MASTER ACCOUNT OPENING

FORM
In accordance with the requirements of the Capital Markets and Services Act 2007 (CMSA), this Master Account
Opening Form (MAOF) should not be circulated unless accompanied by the prospectus or information memorandum
and supplemental thereto (if any). You should read and understand the contents of the prospectus or information
memorandum and supplemental thereto (if any) before completing the MAOF. Complete in BLOCK LETTERS and
BLACK INK only and tick ( ) where applicable. All fields are mandatory, if applicable.
INDIVIDUAL
PRINCIPAL ACCOUNT HOLDERS DETAILS

Note: A minor (i.e. below 18 years) cannot be named as a Principal Account Holder.
Salutation
MR
MS
MDM
Others
Full Name
(as in NRIC/Passport)
Your Preferred Name

NRIC/Passport No.
Date of Birth
Country of Birth*
Residential/Permanent Address
Postcode
City
State
Contact No.*
Country*
Home
Office
Mobile
(Provide at least ONE number)
COUNTRY CODE*
AREA CODE
Office Extension
PHONE NUMBER
Email Address
Occupation
Name of Employer/Company Name
Nature of Business
Nationality/Status
Race
Gender
Malaysian, Bumiputera
Malay
Malaysian, Non-Bumiputera
Chinese
Male
Employment
Others
Female
Business
(Please specify)
Others* (Please specify)
Estimated Annual Household Income
Source of Income
Indian
Savings/Inheritance
Years of Investment Experience
Investment Objective
< RM50,000
Retirement
Capital gain
< 1 year
3 - 5 years
RM50,001 - RM100,000
Children's
education
Capital
preservation
1 - 3 years
> 5 years
RM100,001 - RM200,000
Do you currently file a tax return

in the United States?
Yes (Please provide relevant FATCA forms)*
US TIN No.
RM200,001 - RM300,000
No
RM300,001 - RM400,000
> RM400,000
JOINT ACCOUNT HOLDERS DETAILS

Note: A minor (i.e. below 18 years) will be named as Designated Account Holder. Please read and understand Clause 12 of the Eastspring Master Account terms and conditions.
Full Name
as in NRIC/Passport/Birth Certificate (if minor)
NRIC/Passport No. or
Birth Certificate No. (if minor)
Date of Birth
Country of Birth*
Residential/Permanent Address
(Leave blank if address is same as
Principal Account Holder)
Postcode
State
City
Country*
*If country is United States of America (US), please provide the relevant FATCA forms. Please note that nothing on this form is intended to constitute as tax advice. Please seek
independent tax advice or refer to www.irs.gov for more information on the appropriate tax form to be provided.
MA-I.0414.01
JOINT ACCOUNT HOLDERS DETAILS (CONTINUED)

Contact No.*
Home
Office
(Provide at least ONE number)
Mobile
COUNTRY CODE*
Office Extension
AREA CODE
PHONE NUMBER
Email Address
Occupation
Name of Employer/Company Name
Nature of Business
Nationality/Status
Race
Gender
Source of Income
Malaysian, Bumiputera
Malay
Indian
Male
Employment
Malaysian, Non-Bumiputera
Chinese
Others
Female
Business
(Please specify)
Others* (Please specify)
Estimated Annual Household Income
Savings/Inheritance
Relationship with Principal Holder
Years of Investment Experience
< RM50,000
Parent
Child
< 1 year
3 - 5 years
RM50,001 - RM100,000
Spouse
Sibling
1 - 3 years
> 5 years
RM100,001 - RM200,000
Others
RM200,001 - RM300,000
(Please specify)
Do you currently file a tax return

in the United States?
US TIN No.
No
RM300,001 - RM400,000
> RM400,000
CORRESPONDENCE ADDRESS
Leave blank if mail to Principal Account Holder
Correspondence Address
Note: Hold mail and c/o is not acceptable.
Postcode
City
State
Country*
STANDING PAYMENT INSTRUCTION AND INCOME DISTRIBUTION

Note: Only bank account in RM currency and located in Malaysia will be accepted. PAYMENT CANNOT BE MADE TO ACCOUNTS IN THE NAME OF THIRD PARTIES. For joint accounts, the bank account
provided could either be in the name of the principal account holder or in the names of both account holders.
Bank Name
Income distribution
All distributions will be reinvested
automatically unless otherwise specified
herewith.
Bank Branch, Country*

Bank Account No.
Payout to bank account as specified

in the standing payment instruction.
Beneficiary Name(s)
DECLARATION AND SIGNATURES

I/We acknowledge receipt and declare that I/we have read and understood the contents of
the latest prospectus or information memorandum and supplemental thereto (if any) for the
fund(s) and the Terms and Conditions of the Eastspring Investments (Eastspring) Master
Account (Eastspring Master Account) prior to completing the Eastspring MAOF.
I/We undertake to be bound by the latest prospectus or information memorandum and
supplemental thereto (if any) for the fund(s), the Terms and Conditions of the Eastspring
Master Account and provisions of the deed and supplemental deed (if any) of the fund(s)
for my/our initial and all subsequent transactions with Eastspring.
I/We am/are also aware of the fees and charges that I/we will incur directly or/and indirectly
when investing in the fund(s).
I/We hereby declare that I/we am/are the sole legal and beneficial owner of all the monies
invested with Eastspring.
I/We am/are not acting as a nominee for any undisclosed third party and none of the
investment monies invested with Eastspring was derived from proceeds from an unlawful
activity as defined by the Anti-Money Laundering and Anti-Terrorism Financing Act 2001.
Applicable to wholesale funds only - I/We hereby confirm that I/we am/are qualified
investor(s) as defined in Clause 11 of the Terms and Conditions of the Eastspring MAOF.
I/We hereby agree to indemnify Eastspring against all actions, suits, proceedings, claims,
damages, and losses which may be suffered by Eastspring as a result of any inaccuracy of
declarations herein.
ALL APPLICANTS MUST SIGN THIS FORM

Account Operating Mode
For Joint Application, please tick
( ) account operating mode for
future transactions.
Both applicants to sign
Principal Account Holder
Date
DETAILS OF EASTSPRING UNIT

TRUST CONSULTANT (UTC)
Name
Reporting Branch
Either applicant to sign

In the absence of expressed
instruction, future instructions
must be given by both applicants.
Eastspring UTC Code
Contact No.
Joint Account Holder
(not to be signed if under 18 years old)
Date
MA-I.0414.01
TERMS AND CONDITIONS OF THE EASTSPRING INVESTMENTS MASTER ACCOUNT

Definitions
8.2.
Agent means any authorised distributor of Funds managed by Eastspring and refers to registered
Eastspring Unit Trust Consultants, Institutional Unit Trust Advisers and Corporate Unit Trust Advisers.
Applicant means a person or entity applying to open a Master Account with Eastspring.
Deed means the deeds or master deeds for the respective Funds and any other supplemental
deeds and master supplemental deeds that may be entered into between Eastspring and the
Trustee and registered with the Securities Commission Malaysia.
Eastspring means Eastspring Investments Berhad.
Fund or Funds means any unit trust schemes managed by Eastspring.
Offering Document means the relevant prospectus or information memorandum of the Funds,
and supplemental prospectus or information memorandum thereto (if any) for the Fund(s), issued
by Eastspring and has been lodged with the Securities Commission Malaysia.
Unit Holder means the person or persons or entity for the time being who is registered pursuant
to the Deed as a holder of units of the Fund(s).
Joint Holder means the person who jointly (equally) share concomitant rights and liabilities as
Unit Holders of the Fund.
Trustee means Deutsche Trustees Malaysia Berhad.
By applying to open a Master Account with Eastspring, the Applicant agrees that:
The Applicant will be bound by these Terms and Conditions and the terms of the constituting
documents such as the Deed and Offering Documents of the relevant Fund(s) in respect of all
transactions. Where there are conflicting terms, the terms of the relevant Deed shall prevail.
1.
Instructions/Voice Recordings
1.1.
All instructions given or purported to be given via any written or facsimile transaction
by the persons authorised to operate the Eastspring Master Account as named in the
Eastspring Master Account Opening Form (the Form) or otherwise in writing are
binding on the Applicant. Eastspring shall have no obligation to verify the authenticity
of any such instructions or the identity of any person giving such instructions.
1.2.
Eastspring shall be entitled to use voice recording devices to record instructions
communicated to it and such recording(s) may constitute evidence of the instructions.
2.
Agent
2.1.
If an Agent is named in the Form, Eastspring is entitled to process any relevant
instructions received from such Agent without further reference to the Applicant
unless Eastspring has received prior contrary instructions in writing duly signed by the
Applicant.
2.2.
Eastspring shall be entitled to regard the Agent as the Applicants agent throughout
the period of operation of the Eastspring Master Account unless otherwise notified in
writing. Eastspring shall not be responsible for any action or omission on the part of
the Agent and shall be under no obligation to verify the authenticity of the
instructions received or to determine whether or not such instructions were
authorised. The Applicant shall have no right of action against Eastspring in
connection with the execution by Eastspring of such instructions and undertakes not
to make any claim against Eastspring in connection thereof.
2.3.
Eastspring reserves the right to reassign another qualified person to replace
Applicants Agent at any time deemed fit and without having to give any reason
whatsoever by prior notice.
3.
Confirmation Advices/Statements
Confirmation advices, statements, cheques and other documents shall be sent at the risk of
the Applicant to the Applicants address as detailed in the Form. If the Applicant fails to notify
Eastspring in writing of any errors in the confirmation advice within 14 calendar days, or in the
statement within 30 days of issue, the Applicant shall be deemed to have waived any right to
raise any objection to pursue any remedies against Eastspring or the relevant Trustee(s).
4.
Monies
4.1.
All application monies must be paid or remitted as instructed and any cheque(s) must
be honoured when presented.
4.2.
If an application is rejected in whole or in part, the application monies or balance
thereof will be returned (without interests, or any returns in the case of Islamic funds)
by Eastspring by cheque or, at the cost of the Applicant, by telegraphic transfer, within
30 calendar days from the date of application.
4.3.
The Applicant confirms that Eastspring may issue a cheque in Ringgit Malaysia to
settle any redemption or other monies (if any) payable by Eastspring. Such cheque
shall be made payable to the Unit Holder(s) registered from time to time and sent to
the last registered address of the Unit Holder(s) on Eastsprings records unless
otherwise notified in writing.
4.4.
In the absence of any expressed instructions in the Form, the Applicant hereby
authorises Eastspring to automatically reinvest any distributions in the relevant Fund(s)
without further reference to the Applicant.
5.
Rejection/Cancellation of Application
Eastspring as the Manager of the respective Funds is entitled to:
a)
Reject any Form, which is not completed in full and supported by the requested
documents and payments;
b)
Cancel any units issued if the payment for the units cannot be matched within 7
business day of the receipt of the application or subscription instruction; and
c)
In its absolute discretion (without giving any reason) reject in whole or part hereof any
application for subscription or switching and suspend the operation of the Eastspring
Master Account.
6.
Representation
The Applicant shall not rely on any information or representations other than those contained
in the relevant Deed, Offering Documents and their supplementals, if any.
7.
Notices
8.
All notices and other documents shall be sent at the risk of the Applicant to the Applicant's
address as stated in the Form. Unless due to wilful default or negligence of Eastspring,
Eastspring shall not be responsible for any inaccuracy, interruption, error, delay or failure in
transmission or delivery of any notices via whatever means as agreed by the Applicant, or for
any equipment failure or malfunction.
Eastspring shall not be liable for any direct or indirect consequential losses arising from the
foregoing.
Indemnity
8.1.
The Applicant hereby indemnifies Eastspring and the Trustee and any of their Agents
against any actions, proceedings, claims, losses, damages, costs and expenses which
may be brought, suffered or incurred by any or all of them arising either directly out
of or in connection with this Form or in connection with Eastspring accepting, relying
on or failing to act on any instructions given by or on behalf of the Applicant unless
due to the wilful default or negligence of Eastspring.
9.
The Applicant acknowledges and accepts that Eastspring has absolute discretion to
rely on facsimile confirmation from the Applicant and undertakes to indemnify and
hold harmless Eastspring, its employees and Agents against all costs, expenses, loss of
liabilities, claims and demands arising out of relying on the Applicants confirmation.
Set Off
Eastspring is entitled to set off any claim, which Eastspring or the Trustee may have against any
of the assets, units or cash of the Applicant held by Eastspring or relevant Trustee(s).
10. Tax Implications

The Applicant/Unit Holder shall be acquainted with the relevant tax laws and exchange control
regulations in force in the countries of domicile, registration or incorporation of the entity. The
Applicant/Unit Holder shall be liable to pay and/or settle all the relevant taxes payable by the
Applicant/Unit Holder in accordance to the relevant laws and exchange control regulations in
force in the countries of domicile, registration or incorporation of the entity. Eastspring in
compliance with the Malaysian Tax law and any other applicable law shall deduct the relevant
applicable taxes accordingly wherever applicable to the Applicant/Unit Holder without prior
notification to the Applicant/Unit Holder. All the deduction will be incorporated in the
statements of the applicant and Eastspring shall not be held liable for whatsoever reasons for
any tax payments deducted on behalf of the Applicant/Unit Holder according to the Malaysias
Tax regulations and any other applicable law.
11. Qualified Investors
Only a qualified investor may invest in a Wholesale Fund. The Guidelines on Wholesale Funds
defines a qualified investor as:
a) an individual whose total net personal assets exceed RM3 million or its equivalent in
foreign currencies;
b) a corporation with total net assets exceeding RM10 million or its equivalent in foreign
currencies based on the last audited accounts;
c) a unit trust scheme or prescribed investment scheme;
d) a company registered as a trust company under the Trust Companies Act 1949 which has
discretion in the investment of trust assets of a trust with total net assets exceeding RM10
million or its equivalent in foreign currencies;
e) a corporation that is a public company under the Companies Act 1965 or under the laws
of any other country, which has been allowed by the SC to be a trustee for the purposes
of the CMSA and has discretion in the investment of trust assets of a trust with total net
assets exceeding RM10 million or its equivalent in foreign currencies;
f) a pension fund approved by the Director General of Inland Revenue under section 150 of
the Income Tax Act 1967;
g) a holder of a Capital Markets Services License carrying on the business of dealing in
securities;
h) any other fund manager;
i) a person who acquires securities pursuant to an offer, as principal, if the aggregate
consideration for the acquisition is not less than RM250,000 or its equivalent in foreign
currencies for each acquisition;
j) a licensed institution;
k) an Islamic bank; and
l) an insurance company licensed under the Insurance Act 1996.
12. Designated Account Holder
12.1. The Designated Account Holder will not enjoy the rights of a Joint Holder. In this
regard, he/she will not enjoy the rights of a registered holder of the relevant Fund(s).
12.2. Upon the death, bankruptcy or insanity of the Principal Account Holder or the
occurrence of anything which renders the Principal Account Holder legally incapable
of holding any units and where the Designated Account Holder is a minor (i.e. person
below the age of 18 years), any person becoming entitled to the Units held by the
Principal Account Holder may apply to Eastspring to be registered as the Unit Holder
in place of the Principal Account Holder in question. Such application shall be in such
form as Eastspring may prescribe and shall be accompanied by such evidence as
Eastspring may require of that persons right to be so registered.
12.3 Upon attaining the age of maturity, the Designated Account Holder will be registered
by Eastspring as a Joint Holder. The Joint Holder is required to submit additional due
diligence documentation including but not limited to specimen signature and certified
true copy of IC/Passport to Eastspring for its processing and record purpose.
13. Miscellaneous
13.1. References to persons included entities, references to one gender include both
genders and references to the singular includes the plural and vice versa.
13.2. The Form is personal to the Applicant and cannot be changed, assigned or transferred
in any way by the Applicant.
13.3. Eastspring reserves the right to vary the Terms and Conditions at any time without
notifying the Applicant.
14. Compliance with laws in various jurisdictions
14.1. Eastspring may be obliged to comply with or, at its sole and absolute discretion,
choose to have regard to, observe or fulfil the requirements or expectations of the
laws, regulations, orders, guidelines, codes, market standard, good practices and
requests of or agreements with public, judicial, taxation, governmental and other
regulatory authorities or self-regulatory bodies (the Authorities and each an
Authority) in various jurisdictions relating to any matter in connection with its
business including without limitation, tax compliance, anti-money laundering,
sanctions, terrorism financing or the prevention and detection of crime as amended,
promulgated and introduced from time to time (the Applicable Requirements).
14.2. In this connection, Eastspring may disclose the particulars or any information
concerning Unit Holders, Joint Holders and / or their investments to any Authority in
connection with its compliance or adherence (voluntary or otherwise) with the
Applicable Requirements.
14.3. If a Unit Holder and Joint Holder, where applicable do not:
(a) provide to Eastspring in a timely manner with the information or documents
required as set out in the Offering Document/Eastspring Master Account or
additional information as requested from time to time; and/or
(b) provide to Eastspring with information or documents that are up-to-date,
accurate or complete.
such that Eastspring is unable to ensure its ongoing compliance or adherence (whether
voluntary or otherwise) with the Applicable Requirements, the Unit Holder and Joint Holder,
where applicable accept and agree that Eastspring may take such steps as it deems fit as set
out in the Offering Document of the relevant Funds.
MA-NI.0414.01
MASTER ACCOUNT OPENING FORM

NON-INDIVIDUAL
MA-NI.0414.01
MASTER ACCOUNT OPENING

FORM
In accordance with the requirements of the Capital Markets and Services Act 2007 (CMSA), this Master Account
Opening Form (MAOF) should not be circulated unless accompanied by the prospectus or information memorandum
and any supplemental thereto (if any). You should read and understand the contents of the prospectus or information
memorandum and any supplemental thereto (if any) before completing the MAOF. Complete in BLOCK LETTERS and
BLACK INK only and tick ( ) where applicable. All field names are mandatory, if applicable.
NON-INDIVIDUAL
COMPANY/ORGANISATION DETAILS
Name of Organisation
(as per Certificate of Incorporation/Registration)
Company Registration No.
Date of Incorporation/Registration
Country of Incorporation/Registration*
Malaysia
Others, please specify
Registered Office Address
Postcode
City
State
Contact No.*
Country*
Office
Fax
COUNTRY CODE*
Office Extension
AREA CODE
PHONE NUMBER
Principal Place of Business

(Leave blank if address is same as
Registered Office Address)
Postcode
City
State
Contact No.*
Country*
Office
Fax
COUNTRY CODE*
AREA CODE
Office Extension
PHONE NUMBER
Principal Business Activities

Type of Entity
Affiliations
Financial Institution (1) (Please provide relevant FATCA forms)*
Source of Funds
Are you an affiliate company of a group

of companies?
Trust (2) (Please provide relevant FATCA forms)*
Yes
Listed Company
(Please provide corporate structure)
Trading Name/Stock Code:
No
Exchange Name:
Disposal of non-core business

asset/investments
Fund raising exercise such as
rights issue
Cash in hand/surplus
funds/working capital
Non-listed Company
Does any US Person/entity (3), directly or indirectly, own more than 10% of the
organisation?
No
Others
FIRST CONTACT PERSONS DETAILS

Name
Designation
Department
Contact No.*
Office
Fax
COUNTRY CODE*
Office Extension
AREA CODE
PHONE NUMBER
Office Email Address

(1) Financial institution refers to any organisation that holds a banking, securities, and/or life insurance license. Examples of financial institutions include banks, life insurers, custodians, asset managers,
investment funds.
(2) Trust refer to any legal arrangement or structure that holds and controls asset(s) for the benefit of others (i.e. an individual or company that is not the trust or trustee)
(3) US person/entity is defined as one of the following:
UCitizen or resident of the US

U Any estate of which any executor or administrator is a US person
UUS partnership or corporation
UAny trust subject to US supervision and substantially controlled by a US person
MA-NI.0414.01
SECOND CONTACT PERSONS DETAILS

Name
Designation
Department
Contact No.*
Office
Fax
COUNTRY CODE*
Office Extension
AREA CODE
PHONE NUMBER
Office Email Address
CORRESPONDENCE ADDRESS
Please mail to Registered Office Address
Please mail to address below:
Please mail to Principal Place of Business
Correspondence Address
Note: Hold mail and c/o is not acceptable.
Postcode
City
State
Country*
STANDING PAYMENT INSTRUCTION AND INCOME DISTRIBUTION

Note: Only bank account in RM currency and located in Malaysia will be accepted. PAYMENT CANNOT BE MADE TO ACCOUNTS IN THE NAME OF THIRD PARTIES.
1. Bank Name
Income distribution
2. Bank Branch, Country*
All distributions will be reinvested

automatically unless otherwise specified
herewith.
3. Bank Account No.
Payout to bank account as specified

in the standing payment instruction.
4. Beneficiary Name(s)

I/We acknowledge receipt and declare that I/we have read and understood
the contents of the latest prospectus or information memorandum and
supplemental prospectus or information memorandum thereto (if any) for
the fund(s), the Terms and Conditions of the Eastspring Investments
Berhad (Eastspring) Master Account (Eastspring Master Account)
prior to completing the Eastspring MAOF.
I/We undertake to be bound by the latest prospectus or information
memorandum and supplemental prospectus or information
memorandum thereto (if any) for the fund(s), the Terms and
Conditions of the Eastspring Master Account and provisions of the
deed and supplemental deed (if any) of the fund(s) for my/our initial
and all subsequent transactions with Eastspring.
I/We am/are also aware of the fees and charges that I/we will incur
directly or/and indirectly when investing in the fund(s).
I/We am/are not acting as a nominee for any undisclosed third party
and none of the investment monies invested with Eastspring was
derived from proceeds from an unlawful activity as defined by the
Anti-Money Laundering and Anti-Terrorism Financing Act 2001.
I/we hereby agree to indemnify Eastspring against all actions, suits,
proceedings, claims, damages, and losses which may be suffered by
Eastspring as a result of any inaccuracy of declarations herein.
Investors Signature (where applicable)

For sole proprietor only - I hereby declare that
I am the sole legal and beneficial owner of all
the monies invested with Eastspring.
For wholesale funds only - I/We hereby
confirm that I/we am/are qualified investor(s)
as defined in Clause 11 of the Terms and
Conditions of the Eastspring MAOF.
For non-listed entities - I/We hereby declare
that the company is NOT any one of the
following:
(a) Financial institution;
(b) A trust;
(c) A non-listed entity of which more than
10% is owned by any US person/entity; or
(d) Required to file a tax return to the
United States.
AUTHORISED SIGNATORIES (AS PER BOARD RESOLUTION)

Authorised Signatory 1
DETAILS OF EASTSPRING UNIT TRUST

CONSULTANT (UTC)
Name
Reporting Branch
Name:
Date
Eastspring UTC Code
Contact No.
Name:
Date
Company Stamp
MA-NI.0414.01
TERMS AND CONDITIONS OF THE EASTSPRING INVESTMENTS MASTER ACCOUNT

Definitions
Agent means any authorised distributor of Funds managed by Eastspring and refers to
registered Eastspring Unit Trust Consultants, Institutional Unit Trust Advisers and Corporate
Unit Trust Advisers.
Applicant means a person or entity applying to open a Master Account with Eastspring.
Deed means the deeds or master deeds for the respective Funds and any other supplemental
deeds and master supplemental deeds that may be entered into between Eastspring and the
Trustee and registered with the Securities Commission Malaysia.
Eastspring means Eastspring Investments Berhad.
Fund or Funds means any unit trust schemes managed by Eastspring.
Offering Document means the relevant prospectus or information memorandum of the
Funds, and supplemental prospectus or information memorandum thereto (if any) for the
Fund(s), issued by Eastspring and has been lodged with the Securities Commission Malaysia.
Unit Holder means the person or persons or entity for the time being who is registered
pursuant to the Deed as a holder of units of the Fund(s).
Joint Holder means the person who jointly (equally) share concomitant rights and liabilities
as Unit Holders of the Fund.
Trustee means Deutsche Trustees Malaysia Berhad.
By applying to open a Master Account with Eastspring, the Applicant agrees that:
The Applicant will be bound by these Terms and Conditions and the terms of the constituting
documents such as the Deed and Offering Documents of the relevant Fund(s) in respect of all
transactions. Where there are conflicting terms, the terms of the relevant Deed shall prevail.
1.
Instructions/Voice Recordings
1.1.
All instructions given or purported to be given via any written or facsimile
transaction by the persons authorised to operate the Eastspring Master Account
as named in the Eastspring Master Account Opening Form (the Form) or
otherwise in writing are binding on the Applicant. Eastspring shall have no
obligation to verify the authenticity of any such instructions or the identity of any
person giving such instructions.
1.2.
Eastspring shall be entitled to use voice recording devices to record instructions
communicated to it and such recording(s) may constitute evidence of the
instructions.
2.
Agent
2.1.
If an Agent is named in the Form, Eastspring is entitled to process any instructions
received from such Agent without further reference to the Applicant unless
Eastspring has received prior contrary instructions in writing duly signed by the
Applicant.
2.2.
Eastspring shall be entitled to regard the Agent as the Applicants agent
throughout the period of operation of the Eastspring Master Account unless
otherwise notified in writing. Eastspring shall not be responsible for any action or
omission on the part of the Agent and shall be under no obligation to verify the
authenticity of the instructions received or to determine whether or not such
instructions were authorised. The Applicant shall have no right of action against
Eastspring in connection with the execution by Eastspring of such instructions and
undertakes not to make any claim against Eastspring in connection thereof.
2.3.
Eastspring reserves the right to reassign another qualified person to replace
Applicants Agent at any time deemed fit and without having to give any reason
whatsoever by prior notice.
3.
Confirmation Advices/Statements
Confirmation advices, statements, cheques and other documents shall be sent at the risk of
the Applicant to the Applicants address as detailed in the Form. If the Applicant fails to
notify Eastspring in writing of any errors in the confirmation advice within 14 calendar days,
or in the statement within 30 days of issue, the Applicant shall be deemed to have waived
any right to raise any objection to pursue any remedies against Eastspring or the relevant
Trustee(s).
4.
Monies
4.1.
All application monies must be paid or remitted as instructed and any cheque(s)
must be honoured when presented.
4.2.
If an application is rejected in whole or in part, the application monies or balance
thereof will be returned (without interests, or any returns in the case of Islamic
funds) by Eastspring by cheque or, at the cost of the Applicant, by telegraphic
transfer, within 30 calendar days from the date of application.
4.3.
The Applicant confirms that Eastspring may issue a cheque in Ringgit Malaysia to
settle any redemption or other monies (if any) payable by Eastspring. Such cheque
shall be made payable to the Unit Holder(s) registered from time to time and sent
to the last registered address of the Unit Holder(s) on Eastsprings records unless
otherwise notified in writing.
4.4.
In the absence of any expressed instructions in the Form, the Applicant hereby
authorises Eastspring to automatically reinvest any distributions in the relevant
Fund(s) without further reference to the Applicant.
5.
Rejection/Cancellation of Application
Eastspring as the Manager of the respective Funds is entitled to:
a)
Reject any Form, which is not completed in full and supported by the requested
documents and payments;
b)
Cancel any units issued if the payment for the units cannot be matched within 7
business day of the receipt of the application or subscription instruction; and
c)
In its absolute discretion (without giving any reason) reject in whole or part hereof
any application for subscription or switching and suspend the operation of the
Eastspring Master Account.
6.
Representation
The Applicant shall not rely on any information or representations other than those
contained in the relevant Deed, Offering Documents and their supplementals, if any.
Notices
All notices and other documents shall be sent at the risk of the Applicant to the
Applicant's permanent address as stated in the Form. Unless due to wilful default or
negligence of Eastspring, Eastspring shall not be responsible for any inaccuracy,
interruption, error, delay or failure in transmission or delivery of any notices via whatever
means as agreed by the Applicant, or for any equipment failure or malfunction.
Eastspring shall not be liable for any direct or indirect consequential losses arising from the
foregoing.
7.
8.
Indemnity
8.1.
The Applicant hereby indemnifies Eastspring and the Trustee and any of their
Agents against any actions, proceedings, claims, losses, damages, costs and
expenses which may be brought, suffered or incurred by any or all of them arising
either directly out of or in connection with this Form or in connection with
Eastspring accepting, relying on or failing to act on any instructions given by or on
behalf of the Applicant unless due to the wilful default or negligence of
Eastspring.
8.2.
The Applicant acknowledges and accepts that Eastspring has absolute discretion
to rely on facsimile confirmation from the Applicant and undertakes to indemnify
and hold harmless Eastspring, its employees and Agents against all costs,
expenses, loss of liabilities, claims and demands arising out of relying on the
Applicants confirmation.
9.
Set Off
Eastspring is entitled to set off any claim, which Eastspring or the Trustee may have
against any of the assets, units or cash of the Applicant held by Eastspring or relevant
Trustee(s).
10. Tax Implications

The Applicant/Unit Holder shall be acquainted with the relevant tax laws and exchange
control regulations in force in the countries of domicile, registration or incorporation of
the entity. The Applicant/Unit Holder shall be liable to pay and/or settle all the relevant
taxes payable by the Applicant/Unit Holder in accordance to the relevant laws and
exchange control regulations in force in the countries of domicile, registration or
incorporation of the entity. Eastspring in compliance with the Malaysian Tax law and any
other applicable law shall deduct the relevant applicable taxes accordingly wherever
applicable to the Applicant/Unit Holder without prior notification to the Applicant/Unit
Holder. All the deduction will be incorporated in the statements of the applicant and
Eastspring shall not be held liable for whatsoever reasons for any tax payments deducted
on behalf of the Applicant/Unit Holder according to the Malaysias Tax regulations and any
other applicable law.
11. Qualified Investors
Only a qualified investor may invest in a Wholesale Fund. The Guidelines on Wholesale
Funds defines a qualified investor as:
a)
an individual whose total net personal assets exceed RM3 million or its equivalent
in foreign currencies;
b)
a corporation with total net assets exceeding RM10 million or its equivalent in
foreign currencies based on the last audited accounts;
c)
a unit trust scheme or prescribed investment scheme;
d)
a company registered as a trust company under the Trust Companies Act 1949
which has discretion in the investment of trust assets of a trust with total net
assets exceeding RM10 million or its equivalent in foreign currencies;
e)
a corporation that is a public company under the Companies Act 1965 or under
the laws of any other country, which has been allowed by the SC to be a trustee
for the purposes of the CMSA and has discretion in the investment of trust assets
of a trust with total net assets exceeding RM10 million or its equivalent in foreign
currencies;
f)
a pension fund approved by the Director General of Inland Revenue under section
150 of the Income Tax Act 1967;
g)
a holder of a Capital Markets Services License carrying on the business of dealing
in securities;
h)
any other fund manager;
i)
a person who acquires securities pursuant to an offer, as principal, if the
aggregate consideration for the acquisition is not less than RM250,000 or its
equivalent in foreign currencies for each acquisition;
j)
a licensed institution;
k)
an Islamic bank; and
l)
an insurance company licensed under the Insurance Act 1996.
12. Miscellaneous
12.1. References to persons included entities, references to one gender include both
genders and references to the singular includes the plural and vice versa.
12.2. The Form is personal to the Applicant and cannot be changed, assigned or
transferred in any way by the Applicant.
12.3. Eastspring reserves the right to vary the Terms and Conditions at any time without
notifying the Applicant.
13. Compliance with laws in various jurisdictions
13.1. Eastspring may be obliged to comply with or, at its sole and absolute discretion,
sanctions, terrorism financing or the prevention and detection of crime as
amended, promulgated and introduced from time to time (the Applicable
Requirements).
13.2. In this connection, Eastspring may disclose the particulars or any information
concerning Unit Holders, Joint Holders and / or their investments to any Authority
in connection with its compliance or adherence (voluntary or otherwise) with the
13.3. If a Unit Holder and Joint Holder, where applicable do not:
(a) provide to Eastspring in a timely manner with the information or documents
required as set out in the Offering Document / Eastspring Master Account or
(b) provide to Eastspring with information or documents that are up-to-date,
accurate or complete.
such that Eastspring is unable to ensure its ongoing compliance or adherence
(whether voluntary or otherwise) with the Applicable Requirements, the Unit
Holder and Joint Holder, where applicable accept and agree that Eastspring may
take such steps as it deems fit as set out in the Offering Document of the relevant
Funds.
B-RS.0414.01
(Please indicate one transaction only)
TRANSACTION FORM
BUY
REGULAR SAVINGS
In accordance with the requirements of the Capital Markets and Services Act 2007 (CMSA), this Transaction
Form-Buy/Regular Savings should not be circulated unless accompanied by the prospectus or information
memorandum and supplemental thereto (if any). You should read and understand the contents of the prospectus
or information memorandum and supplemental thereto (if any) before completing this form. Complete in
BLOCK LETTERS and BLACK INK only and tick ( ) where applicable. All fields are mandatory, if applicable.
Individual
Non-Individual
Master Account Number
Campaign code (if applicable)
INDIVIDUAL/NON-INDIVIDUAL APPLICANT DETAILS

Full Name/Name of Organisation
(as in NRIC/Passport/Company Registration)
NRIC/Passport/Company Registration No.

Name of Contact Person
(for non-individual applicants,
as per Board Resolution)
Contact No.
COUNTRY CODE
Office Extension
AREA CODE
(where applicable)
PHONE NUMBER
BUY
Name of Fund(s)
Amount
Eastspring Investments
RM
RM
RM
Payment mode:
Online Transfer [GIRO/TT/RENTAS]
(Please provide a copy of the online transfer receipt)
Cheque/Bank Draft No.

(Payable to EASTSPRING INVESTMENTS BERHAD)
EPF Members Investment Scheme

(Please provide a completed KWSP 9N Form)
REGULAR SAVINGS
NEW
AMENDMENT
Note: This instruction will supersede any previous instructions that have been made. If this amount exceeds your previous auto debit/direct debit instruction, please submit a new Auto Debit/Direct Debit
Authorisation form.
Deduction Date
Name of Fund(s)
Deduction Amount
RM
RM
RM
5th
20th

I/We acknowledge receipt and declare that I/we have read and understood the contents
of the latest prospectus or information memorandum and supplemental thereto (if any)
for the fund(s) and the Terms and Conditions of the Eastspring Investments Berhad
(Eastspring) Master Account (Eastspring Master Account) and the Unit Trust Loan
Financing Risk Disclosure Statement prior to completing the Transaction
Form-Buy/Regular Savings.
I/We am/are not acting as a nominee for any undisclosed third party and none of the
investment monies invested with Eastspring was derived from proceeds from an unlawful
activity as defined by the Anti-Money Laundering and Anti-Terrorism Financing Act 2001.
I/We undertake to be bound by the latest prospectus or information memorandum and

supplemental thereto (if any) for the fund(s), the Terms and Conditions of the Eastspring
Master Account and provisions of the deed and supplemental deed (if any) of the fund(s)
for my/our initial and all subsequent transactions with Eastspring.
Applicable to wholesale funds only - I/We hereby confirm that I/we am/are qualified
investor(s) as defined in Clause 11 of the Terms and Conditions of the Eastspring MAOF.
I/We am/are also aware of the fees and charges that I/we will incur directly or/and
indirectly when investing in the fund(s).
Applicable to individual and sole proprietor applicant only - I/We hereby declare
that I/we am/are the sole legal and beneficial owner of all the monies invested with
Eastspring.
I/We hereby agree to indemnify Eastspring against all actions, suits, proceedings, claims,
damages, and losses which may be suffered by Eastspring as a result of any inaccuracy of
declarations herein.
DETAILS OF EASTSPRING UNIT

TRUST CONSULTANT (UTC)
Name
Principal Account Holder/

Date
Joint Account Holder/

Date
Reporting Branch
Eastspring UTC Code
Contact No.
Company Stamp
(For non-individual applicants)
B-RS.0414.01
UNIT TRUST LOAN FINANCING RISK DISCLOSURE STATEMENT

Investing in a unit trust scheme with borrowed money is more risky than investing with
your own savings. You should assess if loan financing is suitable for you in light of your
objectives, attitude to risk and financial circumstances. You should be aware of the risks,
which include the following:
The higher the margin of financing (that is, the amount of money you borrow for every
Ringgit of your own money that you put in as deposit or down payment) the greater the
potential for losses as well as gains.
You should assess whether you have the ability to service the repayments on the proposed
loan. If your loan is a variable rate loan, and if interest rates rise, your total repayment
amount will be increased.
Returns on unit trusts are not guaranteed and may not be earned evenly over time. This
means that there may be some years where returns are high and other years where losses
are experienced. Whether you eventually realise a gain or loss may be affected by the
timing of the sale of your units. The value of units may fall just when you want your
money back even though the investment may have done well in past.
This brief statement cannot disclose all the risks and other aspects of loan financing. You
should therefore carefully study the terms and conditions before you decide to take the
loan. If you are in doubt in respect of any aspect of this Risk Disclosure Statement or the
terms of the loan financing, you should consult the institution offering the loan.
If unit prices fall beyond a certain level, you may be asked to provide additional acceptable
collateral or pay additional amounts on top of your normal installments. If you fail to
comply within the time prescribed, your units may be sold to settle your loan.
GENERAL INFORMATION ON PAYMENT

1.
If payment is made by cheque:

a.
b.
Cheque/bank drafts should be made payable to EASTSPRING INVESTMENTS

BERHAD and must be drawn on a bank located in Malaysia. The investor
should write his/her full name and NRIC No. on the back of each cheque.
The cheque(s)/bank draft(s) must be attached to this Transaction Form.
Alternatively, should the investor wish to deposit his/her cheque(s) into any of
the Eastspring Investments Berhad bank accounts stated below, the investor
is required to attach the cheque deposit slip stating his/her full name, NRIC
No. and Master Account No. (if any).
2.
If payment is made by EPF's Members Investment Scheme, please fill in the KWSP 9N
form and send back to us with this Transaction Form.
3.
If payment is made by Online Transfer, please provide a copy of the online transfer
receipt together with this Transaction Form.
4.
Third party cheques and third party online transfers are not allowed.
MEPS DIRECT DEBIT

MEPS Direct Debit is a collection model that directly debits your bank account by giving
authorisation to Eastspring to initiate the transactions. You are to complete the Direct
Debit Authorisation Form authorising Eastspring Investments Berhad to debit account at
a certain amount and on a specified date. This is a FREE facility provided to Eastspring
investors.
The participating banks are:
Eastspring requires one (1) month to process and register your application with the service
provider. Therefore, you are advised to submit the application one month prior to the
deduction date. For example, if you wish to commence deduction starting from 28 June
2011, the application should be submitted to Eastspring by 27 May 2011.
Investments pricing will be based on next business day closing price from the date of
the deduction.
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The above list is non-exhaustive, as the service provider will review the list from time to time.
EASTSPRING INVESTMENTS BERHAD ACCOUNTS FOR ONLINE TRANSFER

Name of Bank : Standard Chartered Bank
Account Name : Eastspring Investments Berhad
Account No. : 312-1-4358303-2
Name of Bank : Malayan Banking Berhad

Account No. : 514011576079
Name of Bank : HSBC Bank Malaysia Berhad

Account No. : 305-417255-101
Name of Bank : Deutsche Bank (Malaysia) Berhad

Account No. : 0003111-00-0
TERMS AND CONDITIONS

Compliance with laws in various jurisdictions
1.
2.
Eastspring may be obliged to comply with or, at its sole and absolute discretion,
sanctions, terrorism financing or the prevention and detection of crime as amended,
promulgated and introduced from time to time (the Applicable Requirements).
In this connection, Eastspring may disclose the particulars or any information
concerning Unit Holders, Joint Holders and / or their investments to any Authority in
connection with its compliance or adherence (voluntary or otherwise) with the
3.
If a Unit Holder and Joint Holder, where applicable do not :(a)
provide to Eastspring in a timely manner with the information or documents

required as set out in the Offering Document / Eastspring Master Account or
(b)
provide to Eastspring with information or documents that are up-to-date,

accurate or complete
such that Eastspring is unable to ensure its ongoing compliance or adherence (whether
voluntary or otherwise) with the Applicable Requirements, the Unit Holder and Joint
Holder, where applicable accept and agree that Eastspring may take such steps as it
deems fit as set out in the Offering Document of the relevant Funds.

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MASTER

INVESTORS ARE ADVISED TO READ AND UNDERSTAND

FOR INFORMATION CONCERNING CERTAIN RISK

Eastspring Investments Berhad

Deutsche Trustees Malaysia Berhad

CHEAH LEE LING

EASTSPRING MASTER PROSPECTUS 2014

The authorization, and registration of

INVESTORS SHOULD RELY

INFORMATION ON THE FUND

Eastspring Investments Global Basics MY Fund

INFORMATION ON THE TARGET FUND

PERFORMANCE OF THE FUND

HISTORICAL FINANCIAL HIGHLIGHTS OF THE FUND

FEES, CHARGES AND EXPENSES

THE MANAGEMENT AND THE ADMINISTRATION OF THE FUND

THE SHARIAH ADVISER

SALIENT TERMS OF THE DEED

APPROVALS AND CONDITIONS

RELATED PARTY TRANSACTIONS OR CONFLICT OF INTEREST

TAXATION ADVISERS LETTER ON TAXATION OF THE

DOCUMENTS AVAILABLE FOR INSPECTION

UNIT TRUST LOAN FINANCING RISK DISCLOSURE STATEMENT

COMPLIANCE WITH LAWS IN VARIOUS JURISDICTIONS

DIRECTORY OF SALES OFFICE

LIST OF DISTRIBUTION CHANNELS

EASTSPRING MASTER PROSPECTUS 2014

EASTSPRING MASTER PROSPECTUS 2014

EASTSPRING MASTER PROSPECTUS 2014

COLL refers to the appropriate chapter

DJIM APxJ Index means the Dow

FBMS means FTSE Bursa Malaysia

ETF means exchange traded fund;

EASTSPRING MASTER PROSPECTUS 2014

Eastspring Dana al-Ilham

ii) Eastspring Investments Dana al-Islah

Eastspring Dana al-Islah

iii) Eastspring Investments Dana Wafi

Eastspring Dana Wafi

Eastspring Investments Dana Dinamik

Eastspring Dana Dinamik

Eastspring Investments Islamic Income Fund

Eastspring Islamic Income

Eastspring Investments Asia Pacific Shariah Equity Fund

Eastspring Asia Pacific Shariah Equity

Eastspring Investments Dinasti Equity Fund

Eastspring Dinasti Equity

ii) Eastspring Investments Growth Fund

iii) Eastspring Investments Balanced Fund

iv) Eastspring Investments Bond Fund

v) Eastspring Investments Cash Management Fund

Eastspring Cash Management

Eastspring Investments Dynamic Fund

Eastspring Investments Equity Income Fund

Eastspring Equity Income

Eastspring Investments Institutional Income Fund

Eastspring Institutional Income

Eastspring Investments MY Focus Fund