GENERAL INFORMATION
     
  1. Unit Trust Transaction
    1. I'm interested to invest in ASNB Unit Trusts. What should I do?
    2. You are advised to read and understand the contents of the latest Master Prospectus and Supplementary Master Prospectus (if any) of the funds, which have been registered with the Securities Commission, before investing in any of the funds. The copies of the Master Prospectus and application forms are available at ASNB branches and ASNB agents. The Master Prospectus also can be downloaded from ASNB Website.

    3. Where can I open a new account, subscribe and redeem my investment?
    4. You can perform all the transactions at any ASNB branches or agents namely Maybank Berhad, CIMB Bank Berhad, RHB Bank Berhad, and Pos Malaysia Berhad. Additional investment also available via online through Maybank2u, CIMBClicks, AffinOnline and RHBNow. Subject to terms and conditions.

    5. Is there any Cooling-Off period imposed on my investment I have made?
    6. No "Cooling-Off" imposed. You can redeem your investment any time at any ASNB branches or agents.

    7. Can I switch the units between funds? And where can I perform the transaction?
    8. Yes, you can switch the unit between the funds but it's limited to the following funds only:

      • Between ASB & ASN. Switching from ASB to ASN or vice-versa, can be performed at any time and no limit for the frequency of switching between the funds.
      • Between ASN Imbang2, ASN Equity 3 & ASN Sara 1 Funds. The switching facility in ASN Imbang2, ASN Equity 3 & ASN Sara 1 is limited to 4 times in a financial year.
      The application for switching can be made at ASNB branches or agents by filling in a special form.

    9. Where can I find the information on Net Asset Value (NAV) price of ASNB funds?
    10. You can find the information in the newspaper (Utusan Malaysia) or at ASNB branches or agents or you may get it from our website at www.asnb.com.my or call our Customer and Agent Relations Department at 03–2057 3000/2057 3111.

    11. How is the variable price Unit Trust Funds priced?
    12. NAV per unit is determined based on historical pricing and calculated at the end of the preceding Business Day.

      We will revalue the Fund's NAV at the mid-day Valuation Point and re-price the units where the NAV of the Fund differs by more than 5% from the NAV as at the last Valuation point ("material market movement"). The mid-day Valuation Point is the time of the mid-day close of business of the Eligible Market.

    13. How is the Net Asset Value (NAV) per unit calculated?
    14. The NAV per unit of the Fund is calculated by dividing the Fund's NAV by the number of units in circulation, rounded to four decimal places. The NAV per unit forms the basis of the computation of Manager's Price.

    15. What are the advantages of investing in ASNB Unit Trust Funds?
    16. The advantages that you will get are as follows:

      • Diversified portfolio of investment that help to reduce investment risk
      • 'On the spot' transaction - selling and buying
      • Nationwide ASNB Agents network
      • Professional and experience management
      • Affordable because minimum capital needed to participate
      • Rights and interests of unit holder is safeguarded by Amanah Raya Trustee Berhad, as Trustee

    17. Who should I refer for further information on ASNB Funds?
    18. You may call any of the nearest ASNB branches or our Customer and Agent Relations Department at:

      Customer and Agent Relations Department
      Amanah Saham Nasional Berhad
      No 201-A, Tingkat UG, Balai PNB
      Jalan Tun Razak
      50400 Kuala Lumpur

      Telefon: 03-2057 3000 / 3111
      Fax: 03-2050 5220
      asnbcare@pnb.com.my
     
  2. Unit Split ASN Equity 2
    1. What is unit split?
    2. Unit split refers to where a single unit is split into more than one unit based on an agreed ratio.

    3. What is the unit split ratio announced?
    4. ASNB Board of Directors has approved to implement unit split at a ratio of 1-unit-for-1 unit held (1:1).

    5. Why did ASNB implement the unit split for ASN Equity 2?
    6. As at June 30, 2014, ASN Equity 2 consistently outperformed its customised benchmark (80% FTSE Bursa Malaysia 100 Index and 20% Money Market Rates Interbank 3-month) for the 3-year, 5-year and 10-year period. Unit split will reduce the fund's net asset value (NAV) per unit by half, making it more attractive to existing and new investors.

    7. Who is eligible for the unit split?
    8. Unit holders who maintain their ASN Equity 2 investment units up until July 18, 2014.

    9. Are units invested through EPF eligible for the unit split?
    10. Yes. Every unit invested through EPF is entitled for the unit split.

    11. Are units invested through loan/collateral eligible for the unit split?
    12. Yes. Additional units received will be collateralised with the original loan/collateral units.

    13. vii. Is the 1,000 units which has to be maintained as minimum requirement through Hibah Amanah/Pengisytiharan Amanah eligible for the unit split?
    14. Yes. However, the minimum requirement of 1,000 units will remain as stated in the agreement. The 1,000 additional units will be credited into the investment book.

    15. When is the effective date of the ASN Equity 2 unit split?
    16. Unit split will be implemented using the NAV of the fund as at July 18, 2014 and the activity will be printed as July 19, 2014 in the investment book.

    17. Are units received through income distribution for the financial year ended June 30, 2014 eligible for the unit split?
    18. Only units that remain on July 18, 2014 will be entitled for the unit split.

    19. Does the unit split exercise reduce the unit holder's investment?
    20. No. Unit split will double the unit in circulation and thus the NAV per unit of the funds will be adjusted to half of the original value. At the same time, the fund's par value will also change from RM1.00 to RM0.50. As such, unit split will not reduce the unit holder investment value because even though NAV per unit reduced, the number of units held by the unit holder will be increased based on the ratio of the unit split. Hence, the investment value for every unit holder remains the same.

      *Unit held before the unit split Par value before the unit split *NAV per unit before the unit split *Investment value before the unit split *Additional unit received after the unit split
      1,000 RM1.000 RM1.3557 RM1,355.70 1,000
      2,000 RM1.000 RM1.3557 RM2,711.40 2,000
      3,000 RM1.000 RM1.3557 RM4,067.10 3,000
      *Total unit held after the unit split Par value after the unit split *NAV per unit after the unit split *Investment value after the unit split
      2,000 RM0.5000 RM0.6779 RM1,355.70
      4,000 RM0.5000 RM0.6779 RM2,711.40
      6,000 RM0.5000 RM0.6779 RM4,067.10

      * Note: For the sole purpose of calculation simulation only, not the actual value of ASN Equity 2 investment.

    21. What will be the impact of the unit split on income distribution rate for the following years?
    22. Any ASN Equity 2 income distribution rate to be announced in the future will be adjusted accordingly with this unit split activity. For example, if the fund capacity in the future with the assumption of no unit split is 6.00 sen per unit, income distribution rate will be adjusted to 3.00 sen per unit in accordance with the unit split. However, the adjusted income distribution rate will not affect the dividend yield as shown in the table below. As such, it is ASNB's priority to ensure that the performance of ASN Equity 2 will be able to generate competitive total return in line with the fund objective.

      Dividend yield without the unit split
      Income distribution rate (sen per unit) NAV per unit before income distribution NAV per unit after income distribution Dividend yield
      6.80 RM1.4014 RM1.3334 5.10%
      6.90 RM1.4014 RM1.3324 5.18%
      7.00 RM1.4014 RM1.3314 5.26%
      Dividend yield with the unit split
      Income distribution rate (sen per unit) NAV per unit before income distribution NAV per unit after income distribution Dividend yield
      3.40 RM0.7007 RM0.6667 5.10%
      3.45 RM0.7007 RM0.6662 5.18%
      3.50 RM0.7007 RM0.6657 5.26%
    23. What should be done by unit holders if they want to know their investment balance after the unit split?
      • Investment Book: Update the ASN Equity 2 investment book at ASNB Branches or Agents.
      • Investment through EPF: Please refer to ASN Equity 2 investment statement which will be distributed later.

    24. What are the benefits of unit split to unitholders?
    25. Unit split will adjust the NAV per unit of the fund. The adjusted ASN 2 price will make it more attractive for new and existing unit holders to increase their investment in ASN Equity 2. ASNB wishes that investors will take advantage of the ASN Equity 2 performance which has consistently outperformed its customised benchmark.

    26. What are the benefits of unit split to ASNB?
    27. Unit split will encourage ASN Equity 2 subscriptions. The increase in the fund's unit in circulation will help the fund to invest in companies that can potentially provide reasonable return.

     
  3. The increase of maximum individual limit to 200,000 units for akaun remaja Amanah Saham Bumiputera (ASB) dan akaun bijak Amanah Saham Bumiputera 2 (ASB 2)
    1. What are the funds involve with the increase of maximum individual limit?
    2. The funds involve are:

      1. Amanah Saham Bumiputera (ASB)
      2. Amanah Saham Bumiputera 2 (ASB 2)

    3. What is the new maximum individual limit for Akaun Remaja ASB and Akaun Bijak ASB 2?
    4. The new maximum individual limit for Akaun Remaja ASB and Akaun Bijak ASB 2 is 200,000 units.


    5. What is the previous maximum individual limit for Akaun Remaja ASB and Akaun Bijak ASB 2?
    6. Previously, the maximum individual limit of Akaun Remaja ASB and Akaun Bijak ASB 2 is 50,000 units only.


    7. What is the rationale behind the increase of maximum individual limit?
    8. This initiative was done to encourage the prudent investment habits in ASNB Funds particularly among youths.


    9. When is the effective date of this initiative?
    10. 2 Januari 2018.

REGISTRATION
     
  1. Eligibility to Invest
    1. Who are not eligible to invest in ASNB's unit trust funds (including Registered Guardian)?
      • Non-Malaysians
      • Unit holders who have surrendered their Malaysian citizenship

    2. What are the reasons I am not eligible to invest?
      • Non-Malaysians
      • Non-Bumiputera/Sabah native/Sarawak native/ Orang Asli (for funds that open to Bumiputera only)
      • Unable to provide document that shows descendants who are entitled to invest
      • Failure to respond as required after a reminder letter is issued by ASNB

    3. Which authorised body whose verification of Bumiputera status is accepted by ASNB to qualify an individual to invest in ASNB's funds which are specifically allocated to the Bumiputera?
      • PHEANS (Sabah Native Affairs Office)
      • MANWPL (Native Court of Federal Territory of Labuan)
      • SAN (Native Certificate from Sarawak Bumiputera Court)

    4. Can a Malaysian Pakistani Muslim invest? How about a Malaysian Filipino Muslim?
    5. All Muslim Malaysians are entitled to invest in ASNB's unit trust funds that are reserved for the Bumiputera. This group of people fall under the category of minority.

    6. v. Will the account of a unit holder with dubious eligibility case be closed within 30 days after receiving a warning letter from ASNB?
    7. A warning letter will be sent and an extended 30-day period will be given. If ASNB still does not receive any response, the process of closing the account will be carried out. If the account has investments, it will be paid out by cheque and sent to the registered address.

    8. Does a unit holder need to submit a copy of a letter from PHEANS/ MANWPL/SAN again, if he/she already opened an account with ASNB using the same document and wants to open another account with ASNB?
    9. If the unit holder's eligibility has had been verified by ASNB, he/she doesn't need to submit the document again to prove his/her eligibility to open a new account. ASNB branch/agent will liaise directly with the Eligibility Unit to confirm the eligibility of the applicant.

    10. Can a non-Bumiputera foster child open a unit trust fund account with ASNB and nominate his/her Bumiputera adopted parents as registered guardians?
    11. Yes, a foster child can be categorised as Bumiputera following his/her foster parents' descendant if the information of the foster child is not stated in the birth/adoption certificate.

SUBSCRIPTION OF INVESTMENT
     
  1. EPF Members' Investment Scheme
    1. Who are eligible to apply for the EPF Members' Investment Scheme?
    2. Malaysians between 18 and 55 years of age, working and have been contributing to the EPF savings. Applicants who will reach 55 years of age within 3 months from the date of application are not eligible to apply.

    3. What is the minimal investment amount and the frequency of withdrawals of investment allowed by the EPF?
    4. The minimum amount of investment is RM1,000 and withdrawal can only be done in every 90 days from the date of the last investment transfer.

    5. How to calculate the total of amount that can be invested from Account 1?

    6. The maximum amount of investment is 30% from the total saving in account 1 after deducting the basic saving amount = [(Total Saving in Account 1-Basic Saving Amount) x 30%]

      Example:

      A 36-year-old investor has a total saving of RM60,000 in his Account 1 = [(60,000 – 55,000) X 30%]
      = 1,500
    7. Can a unit holder use the invested money from the EPF's investment scheme?
    8. No. The invested amount will be transferred only to the unit holder's passbook after he has reached the retirement age of 55 or after receiving clearance from being a member of the EPF.

    9. What is the basic saving amount that has been set by EPF?
    10. The basic saving amount is based on the table below enforced by the EPF since 1 January 2017.

      Age (Years)Basic Saving (RM)Age (Years)Basic Saving (RM)
      181,0003760,000
      193,0003866,000
      205,0003972,000
      216,0004078,000
      228,0004185,000
      2310,0004292,000
      2412,00043100,000
      2514,00044108,000
      2617,00045116,000
      2720,00046125,000
      2823,00047134,000
      2926,00048144,000
      3029,00049154,000
      3133,00050165,000
      3237,00051176,000
      3341,00052188,000
      3445,00053201,000
      3550,00054214,000
      3655,00055228,000

     
  2. Salary Deduction Scheme
    1. What is the minimum amount allowable for salary deduction for each month?
    2. The minimum amount allowable is RM10.

    3. How to participate in the SPG service?
    4. For private sector employees, they need to complete the BS1 F (1) form and send it directly to their respective payroll unit. For pubic service personnel, they need to complete the SPG ASNB form and send it also to their respective payroll unit.

    5. What is the actual date of the salary deductions credited into an ASNB's unit holder's account when the deductions already stated in his pay slip?
    6. ASNB will credit the deducted amount within 7 working days from the date it receives the completed documents from the employer and not from the date the salary deductions are done by the employer as stated in the employer's pay slip.

    7. Can a unit holder make salary deductions with BIRO Angkasa and JANM simultaneously?
    8. Yes, he can. However, ASNB advises unit holders to make one salary deduction at one time.

    9. Can the verification of JANM application form be done by the employer?
    10. The SPG ASNB form has to be verified by ASNB and the applicant employer. An ASNB officer will do the verification in Section D. Meanwhile, the applicant's employer needs to do the verification in Section E.

    11. How to change the salary deduction from Biro Angkasa to JANM?
    12. Unit holders need to formally write to Biro Angkasa to inform about the termination of the SPG ASNB. Once the deduction is no longer done by Biro Angkasa (check the pay slip), unit holders have to complete the SPG JANM and SG20 forms and submit them to the employer.


     
  3. Investment through Certificate
    1. Where can a unit holder register for investments through certificates?
    2. ASNB's Main Counter in Kuala Lumpur, ASNB's branches and agents (Maybank, CIMB, RHB, BSN and Affin Bank).

    3. How much of the total investment that can be invested through certificates?
    4. A minimum of 1,000 units and multiples of thousand.

    5. Where can I convert my certificate to passbook?
    6. ASNB's Main Counter, Kuala Lumpur and ASNB's branches.

    7. How can unit holders get a replacement for damaged or loss certificate?
    8. Unit holders can request for a replacement by submitting the replacement form together with RM10 Stamp Duty to ASNB's Main Counter.


    Government Hardcore Poor Development Programme Involving ASNB Unit Trust Funds
    1. Can the participant use the principle money from the financing?
    2. No. The participant can only use the income distribution money because the principle money is owned by the Government.

    3. How much is the principal offered in ASW Bandar programme?
    4. The principal offered is RM10,000.

    5. How much is the principal offered in ASB Sejahtera programme?
    6. The principal offered is RM5,000.

TRANSFER & SWITCHING
     
  1. General
    1. What is transfer & switching between ASNB funds?
    2. Transfer & Switching between ASNB funds is a new facility introduced by ASNB to all existing Unit Holders, for them to transfer or switch units immediately, without having to perform Redemption and Subscription transactions.

    3. Where can unit holders perform transfer and switching facility between ASNB funds?
    4. Transfer & Switching between ASNB funds can be performed at ASNB branches & agents’ branches.

    5. When is the date of implementation for this facility?
    6. 15 July 2018.

    7. What is the key difference between transfer & switching?
      • Transfer between ASNB funds involves two different Unit Holders of the same fund. For instance, Unit holder A would like to transfer 100 units of ASB to ASB Account Unit holder B.
      • Whereby for Switching between ASNB funds, it involves the same Unit Holder of different funds. As an example, UH A would like to switch 100 units from ASB to ASB 2.
      • For variable price funds, the transfer/switching is subject to the NAV during transfer/switching request.

    8. What are the fees for transfer & switching between ASNB funds?
    9. For transfer between ASNB funds, RM15 will be charged per transaction, and it will be deducted from the balance of units.

      Fund TypeFees
      Fixed PriceRM15
      Variable PriceRM15

      For switching between ASNB funds, kindly refer to the table below:

      Switch from:Switch to:
      Variable Price FundsFixed Price Funds
      Variable Price FundsThe difference in Sales Charge subject to minimum RM25 per switch*Nil
      Fixed Price FundsSales Charge of the Switch-to FundNil
      Note:* For now, a fixed charge of RM25 per switch are impose until further notice

    10. What are the type of investments allowable for transfer & switching between ASNB funds?

    11. Type of InvestmentTransferSwitching
      Cash InvestmentAllowedAllowed
      EPF Member Investment Schemes (EPF MIS)*Not AllowedAllowed
      Loan CertificateNot Allowed
      CertificateNot Allowed
      Note:* EPF Switching can only be performed at ASNB branches nationwide

    12. Are there any limits on the frequency and amount of transactions for transfer & switching between ASNB funds?
      • There is no limit on the amount and frequency for transfer & switching, subject to unit availability and the respective fund’s rules as disclosed in the Master Prospectus and any accompanying Supplemental Prospectus(es) such as minimum balance requirement, unit availability, eligibility criteria, individual investment limit of the fund (if any) and any fund allocation criteria.
      • For variable price funds, the transfer/switching is subject to the NAV during transfer/switching request.
      • For fund(s) that has/have been registered under Hibah Amanah, the provision in the Hibah Amanah’s contract applies ie the amount blocked as Hibah Amanah cannot be switched/transferred.

    13. Are there any minimum amount/units imposed for transfer & switching between ASNB funds?
      • Same as Item (5) above.
      • Should the remaining balance in the account after deducting the fee fall below the minimum balance requirement as stipulated in Master Prospectus, the transaction will be rejected.
      • Unit Holders are advised to check the balance of the account prior to applying/requesting for transfer or switching facilities, to avoid the rejection of application.

    14. What are the procedures to apply for transfer and switching between ASNB funds?
    15. Unit Holders are advised to fill in the following form:

      • Borang Pemindahan dan Penukaran Unit (ASNB TS)

    16. Can the transfer and switching facility between ASNB funds be performed online through myASNB portal?
    17. Not available yet.

    18. Can unit holders request to reverse the transfer/switching facilities between ASNB funds?
    19. The reversal can only be made by resubmitting the application for transfer/switching facilities subject to fees and charges. For variable price funds, the reversal is subject to the NAV during the request.

    20. Will transfer & switching between ASNB funds affect the income distribution (if any)?
      • Treatment of income distribution for transfer & switching is similar to normal subscription and redemption taking into consideration movement of units.
      • For VP funds, distributions, if any, are based on Units held at the end of the distribution period.
      • For FP funds, distributions, if any, are based on the average sum of the minimum monthly balance of your Units during the distribution period.

     
  2. Transfer between ASNB Funds
    1. May a Bumiputera perform transfer to Non-Bumiputera, and vice versa?
    2. Subject to availability of units and ethnical location (where applicable) of the funds, there is no restriction on transfer from Bumiputera to Non-Bumiputera UnitHolder, vice versa, for funds that are open to all Malaysian. Please refer to the Master Prospectus and any accompanying Supplemental Prospectus(es) for eligibility criteria and ethnical location of the fund.

    3. May a minor (unit holder aged less than 18 years old) perform transfer transaction?
    4. The transaction for minor must be performed by Registered Guardian only.

    5. May I perform a transfer transaction to someone that is yet to have an account?
    6. Both transferor and transferee must have an account prior to the application. Therefore,the transferee must register an account in the same fund prior to transfer request. This rule is applicable to all funds managed by ASNB.

    7. Must transferor and transferee be present to perform the transfer transaction?
    8. Only the presence of transferor is required to perform the transaction.

    9. For transfer transaction from unit holder A to unit holder B, is it guaranteed that unit holder B will get the units?
    10. The units transferred from Unit holder A to Unit holder B is guaranteed subject to NAV of the funds during the transfer request, where applicable.


     
  3. Switching between ASNB Funds
    1. May I switch my investment to other ASNB funds?
    2. Subject to eligibility criteria and availability of units of the funds, you may switch your investment to other funds. A switching fee as explained in item 3 applies. For variable price funds, the transfer/switching is subject to the NAV during transfer/switching request.

      Please refer to the Master Prospectus and any accompanying Supplemental Prospectus(es) on the detail information of the funds of ASNB.

    3. I would like to switch my investment from ASN to ASN Equity 2. However, I do not have any accountin ASN Equity 2 yet. Is switching allowed to open an account in any fund?
    4. You must first be a registered account holder of the fund that you want your investment to be switched to. Hence, please register an account in the said fund prior to switching request. For any switching involving EPF-MIS, the switched units are subject to EPF-MIS Terms & Conditions. Please refer to the Master Prospectus and any accompanying Supplemental Prospectus(es) on the requirements to register an account.

    5. I would like to transfer units from my ASB to my son’s ASB2. Does this transaction is allowable?
    6. Yes, but you need to perform 2 transactions; switching units from ASB to ASB2, then transfer units from your ASB2 to your son’s ASB2. The transfer and switching of units are subject to availability of units and other requirement as stated in Part I of this FAQ. The transaction is subjected to transfer and switching fee as per FAQ no(5).

ESTATE CLAIMS
     
  1. T1 Form
    1. Will the form be accepted if it contains only either the beneficiary's thumbprint OR signature?
    2. No. Based on the current guidelines, the beneficiary has to both sign and thumbprint using his left hand thumb. If one part is missing, he has to provide reasons such as "Illiterate".

    3. Is it acceptable to use the blue inkpad for thumbprint?
    4. No. Only black inkpad is acceptable.

    5. Can the Court endorse the stamp duty column with the Session Court stamp in the Statutory Declaration and Letter of Guarantee and Indemnity?
    6. No. Only the Commissioner of Oaths and the Inland Revenue Office (LHDN) can put a stamp on the "stamp duty "column.

    7. v. Can the ASNB branch stamp the date on "stamp duty" which has not been cancelled by the Commissioner of Oaths in Part C of the T1 Form?
    8. No. The "Stamp Duty" can only be cancelled by the Commissioner of Oaths and the Inland Revenue Office (LHDN).

    9. Why the beneficiary must fill in the Statutory Declaration and Letter of Guarantee and Indemnity?
    10. It acts as an acknowledgement by the beneficiary/administrator that all the information is accurate and correct and the beneficiary has understood all the terms and agree as well as willing to compensate ASNB of any claim in respect of the application and payment of the estate to them as well as protecting ASNB and the deceased's estate.


     
  2. Relationship/Supporting Documents
    1. Can a foreign marriage certificate be used by the non-Malaysian citizen beneficiary?
    2. No. The beneficiary has to register his marriage in Malaysia first. Only documents issued in Malaysia are accepted.

    3. Can foreign birth certificate be used by the non-Malaysian beneficiary?
    4. No. Only documents registered in Malaysia are accepted.

    5. Can the relationship verification document from other country be accepted?
    6. No.

    7. What if beneficiary does not have any relationship document?
    8. Get the relationship verification letter from any of these organisations namely, JPN, JAKOA or Faraid Certificate. Or get the Letter of Administration from the Civil High Court or Sabah/Sarawak Native Court.

    9. What is a relationship document?
    10. A Marriage Certificate, Birth certificate, Pension Card, Faraid Certificate or any official document which shows the relationship between the beneficiary and deceased.

    11. Is the relationship verification document from the Commissioner of Oaths is accepted?
    12. No.

    13. In case when the beneficiary does not have any relationship document and NO RECORD at the JPN, what other documents that can be used as a proof of relationship?
    14. The beneficiary can get Faraid Certificate from the Shariah Court (for claim of RM10,000 or below) or Letter of Administration to prove that the beneficiary has the right to receive the payment.

    15. Will ASNB accept Death Certificate that does not contain the Identity Card number of the deceased (unit holder)?
    16. The beneficiary needs to get the verification from the JPN that says the Death Certificate belongs to the same unit holder as in the ASNB database system.

    17. Can the burial permit be used to replace the Death Certificate?
    18. Yes, provided that the JPN's record has been updated.

    19. What if the Death Certificate is lost/damaged?
    20. Get a copy of the Death Certificate from the JPN.

    21. What is the procedure for a unit holder who is no longer holding Malaysia citizenship?
    22. Get the letter of renunciation of citizenship and death confirmation letter from the JPN.

    23. xii. In the case of unit holders who died abroad, can the beneficiary use the death certificate from that country?
    24. No. The beneficiary has to get the death confirmation letter from the JPN.


     
  3. Letter of Administration Documents
    1. What is a Letter of Administration?
    2. It is an order for the distribution and administration of an estate, which is under the jurisdiction of federal agencies such as Amanah Raya Berhad , the Estate Distribution Section, Department of Director General of Lands and Mines, and the Civil High Court to determine the beneficiary/ administrator who is entitled to receive the estate of the deceased.

    3. What needs to be done if the Identification Card number of the beneficiary/deceased is not available in the Letter of Administration?
    4. The beneficiary/administrator needs to make amendments in the Letter of Administration by including the deceased's ID number. Please ensure that the number is identical with the one in the investment book/certificate.

    5. iii. If the invested amount is below than RM10,000 and the beneficiary stated in the Letter of Administration is not the next-of-kin, will ASNB pay the balance amount of the deceased to the beneficiary?
    6. ASNB will make payment according to the name stated in the Letter of Administration.

    7. Can Faraid Certificate or the Distribution Order be used in the Shariah Court to claim the balance amount of the deceased?
    8. Faraid Certificate or the Distribution Order from Syariah Court is acceptable only if the total accumulated investment unit of the deceased is below than RM10,000. If the total accumulated investment exceeds RM10,000, Faraid Certificate is not applicable because the jurisdiction to appoint an administrator is under jurisdiction of the Civil High Court unless it is from the Shariah Subordinate High Court Sabah/Sarawak or it is clearly stated that the assets of the deceased is of Hibah.


     
  4. Loan Certificates
    1. The deceased has SARA 1Malaysia loan, what is the process for the estate claim?
    2. The beneficiary needs to fill in the T1 Form. The Estate Claim Unit of ASNB will inform the SARA 1Malaysia Unit in order to process the loan cancellation with the bank. Only when this is done, ASNB can process the claim.

    3. What happens if the deceased has a loan certificate or the certificate has been pledged to the bank or a lending institution?
    4. The beneficiary has to resolve this matter first with the bank or the lending institution.

      The bank/lender will then submit one of the following documents:

      1. Release Letter to the Certificate Unit, Unit Trust Operations & Record Administration Department, ASNB to release the certificate status before the claim process can be done OR
      2. Redemption Letter to Account Department, ASNB for redemption process of the certificate

    5. iii. There are the agents which refuse to resell the certificate and ask the beneficiary to resolve it himself, even though he is incapable to resolve the loan certificate?
    6. The beneficiary has to resolve with the respective bank or lender himself.


     
  5. Payment Method
    1. What steps should be taken if the cheque has expired?
    2. Please ask for a cheque replacement through ASNB's branches. Our Account Department will process for the replacement.

    3. How has the beneficiary claim involves a non-Bumiputera for fully subscribed funds will be processed?
    4. Beneficiary claim can be processed via fund transfer (similar fund) into active beneficiary account regardless of the fund availability.

    5. Why the beneficiary has to amend their personal details such as name and Identification Card number or address for fund transfer process?
    6. Please update beneficiary details at the nearest ASNB branches, to ensure that there is no error during the fund transfer process.


     
  6. Deceased's Information
    1. What is the process for the deceased who has more than one account, for the same unit trust funds?
    2. The beneficiary needs to produce documents to prove that the deceased is the same person or Letter of Administration to allow payment for two different accounts.

    3. What is data discrepancy or the deceased detail discrepancy?
    4. Data discrepancy is the discrepancy found in the deceased details, namely the name or ID number between the supporting documents and ASNB's system.

      Letter of AdministrationAmendments on the Letter of Administration from the issuance party are needed together with the name, title and signature.
      Without Letter of AdministrationDocument verification is needed to verify the discrepancy data is referring to the same person.
      The deceased name is different from the one in the system for case of converts/apostatesAttach the official document of conversion to verify that it is referring to the same person.
    5. Why changes or correction of names and Identification Card number of the beneficiary should be done for the case of transfer?
    6. If the payment method is done through transfer, the details/data on the system and documents must be identical to allow the transfer.

    7. Can the claim be done if there is discrepancy of title of the deceased?
    8. Yes, provided that the Identity Card number of the deceased in the ASNB system and claim documents is the same.


     
  7. Beneficiary's Information
    1. Can a stepfamily member make a claim?
    2. Yes, if the information on the deceased's relationship is in the beneficiary's supporting documents (either mother or father).

    3. If one of the beneficiary is declared as bankrupt, will ASNB process the application? If rejected, why?
    4. Based in clause 24 (4) of Bankruptcy Act 1967, when a person is declared bankrupt, his property is no longer belong to him, and it shall be submitted to the Director of Insolvency.

    5. Can a claim be made if there are differences in the information on the Letter of Administration with the beneficiary's Identification Card?
    6. Yes, the claim will be paid according to Letter of Administration if no correction was made.

    7. Can an ex-wife/ husband of the deceased make a claim?
    8. No. Only the next-of-kin is allow to claim.

    9. Can the claim be made by the only next-of-kin who is still under 18 years?
    10. Cannot. A court order must be obtained or wait until the beneficiary reaches the age of 18 years.

    11. vi. Can the sole next-of-kin who suffers from mental disorder (mental retarded) make a claim?
    12. No. A court order must be obtained for the administrator of the estate.

    13. Can the next-of-kin of a different religion make a claim for claim under RM10,000?
    14. No. The next-of-kin must be of the same religion as the deceased. The beneficiary must obtain the Letter of Administration to receive the payment.

    15. Who is the next-of-kin?
    16. Husband/wife, children, father/mother, siblings, grandfather/grandmother.

    17. How to resolve the beneficiary claim issue if one of the beneficiaries stated in the Letter of Administration does not want to co-operate?
    18. The other beneficiaries who make the claim can write an official letter to ASNB stating that one beneficiary refuses to co-operate and the letter must be signed by all other beneficiaries whose named are in the Letter of Administration. ASNB will then write a letter to the uncooperative beneficiary for a feedback if there is repeated case or new order.

    19. If a guardian has died and left more than one "akaun remaja" under him, does the beneficiary need to fill in the T1 Form for each of the accounts?
    20. No. Just fill in one T1 Form only.

ESTATE PLANNING
     
  1. Hibah Amanah
    1. What is Hibah Amanah?
    2. Hibah Amanah is the combination of "hibah" and trust concepts. It is a gift in the form of ASNB unit trust fund (Hibah Asset) from a Unit Holder (Donor) to his loved ones (Donee) during his lifetime based on the terms and conditions stated in the Hibah Deed. Transfer of the asset to the Donee(s) takes effect only after the demise of the Donor.

    3. What is Hibah Asset?
    4. Hibah Asset is the ASNB unit trust fund(s) registered under Hibah Amanah by the Donor during his lifetime through the Hibah Amanah Deed:

      • The fund(s) registered must be given to the donee(s) in its entirely (100%)
      • To be eligible, the balance units of each unit trust fund must be 1,000 units and above throughout the period of Hibah Amanah
      • The units must be wholly-owned by the donor

    5. Why can't ASNB adopt the nominee system as practiced by EPF or Tabung Haji?
    6. Under the Malaysian law, the trust is classified as personal property such as company shares. Thus, the inheritance of unit trusts is subject to the laws of probate and administration where only the administrator or executor appointed by the court can claim the deceased donor's assets. On the other hand, EPF and Tabung Haji were established under their own acts that allow direct nominees.

    7. Why did ASNB introduce Hibah Amanah as an alternative solution for estate management?
    8. Without an alternative solution like Hibah Amanah, the estate distribution process is complicated and time-consuming. The situation will be more complicated if there are overlapping claims and disagreement among the beneficiaries.

      Through Hibah Amanah, unit holders can plan their estate distribution to their beneficiaries and this will shorten the claim process after their demise.

      Hibah Amanah is based on the Sharia law. However, Faraidh law still prevails in the estate distribution for Muslims. Therefore, unit holders are advised to be fair in distributing their Hibah assets.

    9. Can Donee(s) aged 18 years old and below receive the Hibah Asset?
    10. Yes, but a Guardian must be appointed to act on behalf of the Minor Donee aged 18 and below. The Guardian must be appointed among:

      • parents
      • grandparents
      • siblings
      • registered guardian approved by ASNB


    Eligibility of Applicant/Donor/Eligibility of Donee/Revocation
    Registration
    1. Where can I register for Hibah Amanah?
    2. Registration can be performed at any ASNB branch.

    3. What needs to be done if I am interested to register for Hibah Amanah?

      Complete the following documents and submit with the registration fee:

      • Application form (PH1A)
      • One original copy of Power of Attorney

    4. Is the Hibah required to agree to the hibah distribution?
    5. Yes, the Ijab and Qabul are compulsory; therefore, both the Donor and Donee must agree to give and accept by signing the relevant documents.


    Applicable Unit Trust Fund(s)
    1. Can the unit holder invest through the EPF Members' Investment Scheme once the fund has been registered under Hibah Amanah?
    2. Yes, subject to the minimum balance of 1,000 units throughout the period of Hibah Amanah.

    3. Can the unit holder take up financing or collateral for the fund registered under Hibah Amanah?
    4. Yes, subject to the minimum balance of 1,000 units throughout the period of Hibah Amanah.

    5. Can a fund registered under Hibah Amanah be suspended or frozen?
    6. The unit trust fund registered under Hibah Amanah can be suspended or frozen as ordered by the authority, subject to the terms and conditions of Hibah Amanah, Master Prospectus, Deed of the unit trust fund and the EPF.

    7. Why the minimum balance of 1,000 units required?
    8. One of the requirements for Hibah Amanah is to have an asset to be distributed. Therefore, the minimum balance of 1,000 units is necessary to ensure that there will be investment units available after the demise of the Donor as the Donor is allowed to do transactions during his life time.

    9. Can the Donor include other assets?
    10. No. Only ASNB unit trust funds can be registered under Hibah Amanah.


    Distribution of Hibah Asset
    1. How will the Hibah asset be distributed?
    2. All the units in each trust fund will be distributed to the Donee(s) in its entirely (100%).

      Example: The Donor has an investment in the ASN Imbang 2 fund. He must distribute 100% of the units to the listed Donee(s) as follows:


      asg_carta


    3. Can Hibah Amanah Donee be changed?
    4. Yes. However, changes can only be made if it involves biological child and grandchildren. Otherwise, the revocation of the Hibah Amanah must be made and the Letter of Donee consent on return of asset to Donor must be submitted during application.


    Claim and Payment
    1. What should be done in the event of death of the Donor or Donee?
    2. In the event the Donor dies first, the Hibah asset will be the absolute right of the Donee(s). On the other hand, if the Donee(s) dies first, the ownership of the Hibah asset will be returned to the Donor.

    3. What happens to the units invested via financing upon claim by the Donee?
    4. Units invested via financing is subjected to the agreement between the Donor and the Financing provider. Units still under financing will be paid to the Financing provider. Only the Donor's wholly-owned units free from encumberance will be distributed to the Donee upon claim.


    Revocation of Hibah Amanah
    1. Can Hibah Amanah be revoked?
    2. Based on Sharia law, Hibah Amanah cannot be revoked, except if it involves hibah to biological child or grandchild.


     
  2. Trust Declaration
    1. What is Trust Declaration?
    2. Trust Declaration is the appointment of individuals as Donee(s) by a Unit Holder (Donor) during his lifetime through a Trust Deed. The distribution and claim payment will be made after the death of the Unit Holder.

    3. What is a Trust Declaration asset?
    4. Trust asset is the ASNB unit trust fund(s) by the Unit Holder during his lifetime through a Trust Deed:

      • The funds registered must be given to the Donee(s) in its entirely (100%)
      • To be eligible, the balance units of each unit trust fund must be 1,000 units and above

    5. Why can't ASNB adopt nominee system practiced by EPF or Tabung Haji?
    6. Under Malaysian law, unit trust is classified as personal property such as company shares. Thus, the inheritance of unit trusts is subject to the laws of probate and administration where only the administrator or executor appointed by the court can claim the deceased Donor's assets.

      On the other hand, EPF and Tabung Haji were established under their own acts that allow direct nominees.

    7. Why did ASNB introduce Trust Declaration as an alternative solution for estate management?
    8. Without an alternative solution like Trust Declaration, the estate distribution process is complicated and time-consuming. The situation will be more complex if there are overlapping claims and disagreements among the beneficiaries.

      Trust Declaration can assist the unit holders plan their estate distribution to their beneficiaries.


    Eligibility of Applicant/Donor/Eligibility of Donee
    Eligibility of Applicant/Donor
    1. Who is eligible to register for Trust Declaration?
      • ASNB's unit holders
      • Malaysian
      • Age 18 and above
      • Non-Muslim
      • Not a bankrupt
      • Sound mind

    2. What happens to the deed of a bankrupt Donor?
      • The Trust Declaration is automatically revoked
      • The unit trust funds will then be frozen
      • The rights of the Donor will be determined by the Bankruptcy Law following the Insolvency Department's instructions, and so on

    3. What happens in the event the Donor becomes mentally disable or comatose?
    4. A guardian must be appointed by the court who will be acting on behalf of the Donor based on the court's order.


    Eligibility of Donee
    1. Who can be appointed as Donee?
      • Donor can name any individual as a Donee limited to 10 persons per contract
      • Not a bankrupt
      • Donee is not a bankrupt at the time of payment of claim
      • The donee is encouraged to register as a unit holder with ASNB, if eligible
      • Open to Malaysian or non-Malaysian
      • Sound mind
      • Open to all religions

    2. Can a Donee under 18 years old receive the Asset?
    3. Yes, but a guardian must be appointed to act on behalf of the minor Donee , age 18 and above. The appointed guardian must be among:

      • parents
      • grandparents
      • siblings
      • registered guardian approved by ASNB

    Registration
    1. Where can I register Trust Declaration?
    2. Registration can be performed at any ASNB branch.

    3. What needs to be done if I am interested to register for Trust Declaration?
    4. Complete the following documents and submit with the registration fee:

      • Application form (PH1B)
      • One original copy of Power of Attorney

    5. Is the Donee required to agree to the trust distribution?
    6. No.


    Applicable Unit Trust Fund(s)
    1. Can the unit holder invest through the EPF Members' Investment Scheme once the fund has been registered under Trust Declaration?
    2. Yes, subject to the minimum balance of 1,000 units.

    3. Can the unit holder take out a financing collateral for the fund registered under Trust Declaration?
    4. Yes, subject to the minimum balance of 1,000 units.

    5. Can funds registered under Trust Declaration be suspended or frozen?
    6. The funds registered under Trust Declaration can be suspended or frozen as ordered by the authority, subject to the terms and conditions of Trust Declaration, the Master Prospectus, the unit trust fund deeds and the EPF.

    7. Why is the minimum passbook balance of 1,000 units required?
    8. One of the requirements of Trust Declaration is to have an asset to distribute to the Donee. The Donor is allowed to perform transactions during his life time. Therefore, the minimum balance of 1,000 units is necessary to ensure that there will be units available for distribution to the Donee after the demise of the Donor.

    9. Can the Donor include other assets?
    10. No, he cannot. Only ASNB unit trust funds can be registered under Trust Declaration.


    Estate Distribution of Trust Declaration
    1. How will the Trust asset be distributed?
    2. All the units in each trust fund must be distributed to the Donee(s).

      Example: The Donor has an investment in the ASN Imbang 2 fund. He must distribute 100% of the units to the listed Donees as follows:

      asg_carta


    Claim and Payment
    1. What should be done in the event of death of the Donor or Donee?
    2. Both parties namely, the Donor and Donee(s) agree that in the event of the death of the Donor before the Donee(s), the Trust Asset will be distributed according to the division specified in the Trust Declaration Deed and it will become the absolute right of the Donee(s). On the other hand, if any one of the Donee(s) dies before the Donor, the Trust Asset will be returned to the Donor.

    3. What happens to the units invested via financing when the donor dies?
    4. Units invested via financing/collateral are subjected to agreement with the Financing provider. Units under financing will be paid to the Financing provider. Only the unit wholly-owned (full ownership) by the Donor will be paid to the Donee.


    Revocation of Trust Declaration
    1. Can Trust Declaration be revoked?
    2. Yes, Trust Declaration can be revoked.

MAXIMUM CASH INVESTMENT LIMIT
     
  1. Maximum Investment Limit of RM50,000 Per Day
    1. When is the effective date?
    2. 1 March 2016.


    3. What is the limit amount for investments through cash?
    4. RM50,000 per day per customer for the total investments in all ASNB unit trust funds.


    5. Why does ASNB set an investment limit of RM50,000 per day per customer?
    6. It is a risk prevention measure to counter the misused of accounts for money laundering purposes and also for the safety of our investors.


    7. What does it mean RM50,000 maximum investment limit through cash for each customer to invest in all of ASNB's funds in a day?
    8. The investment limit only applies when the investment transaction is done through cash. If the investor invests in cash, ASNB can only accept a maximum of RM50,000 in a day. This includes investment in all ASNB products on the same day.


    9. Are all types of cash investments subject to cash investment limits?
    10. If the investor invests in the following manner, no investment limits apply, namely:

      • Investment transactions by cheques/ bank drafts.
      • Investment transactions via bank transfers.
      • Investment transactions made through transfer of units from one fund to the other ASNB trust funds of the same unit holder.
      • Transactions made through a transfer from redemption of other unit holders.
      • Investment transactions made through transfer of units from estate claim of a deceased.
      • Transfer of units from other cases such as transfer of redemption of an elderly/invalid investor.

    11. What are the available investment methods to the investor if he/she wants to make an investment of more than RM50,000 in cash?

      The investor can perform the investment through one of the following methods:

      • Method 1:
      • The applicant/investor can make an investment through such methods as specified in item 5. i, ii, iii, iv above and complete the "Know Your Customer" Declaration Form.

        or

      • Method 2:
      • Make a cash investment of RM50,000 and the balance RM50,000 (or more) through the methods as described in item 5. i, ii, iii, iv above and complete the "Know Your Customer" Declaration Form.

        As a guide refer to the table below:

        Investment Application By Each Customer Per DayPayment MethodsNote
        Own (RM)Third Party (RM)Amount (RM)Cash (RM)Other Methods (RM)
        50K and below-50KMaximum 50KNo LimitThe total investment for each customer whether for himself/herself, as the registered guardian of Akaun Remaja/Bijak and/or as the third party for all of the ASNB funds subscribed within a day.
        -50K and below50KMaximum 50KNo Limit
        50K50K100KMaximum 50KBalance or remaining amount
SDT NOT PERMITTED
     
    Investment and redemption of units in the same unit trust fund on the same day ("SDT") is not permitted
    1. When is the enforcement date?
    2. 1 January 2017.


    3. What is meant by SDT transaction?
    4. SDT transaction occurs when investment and redemption of units is performed in the same unit trust fund on the same day.


    5. When are transactions not categorized as SDT?
    6. Transactions are not categorized as SDT when the investments are from the following:

      1. Investment via transfer from other unit holder’s unit trust accounts who has deceased.
      2. Investment via salary deduction scheme or standing instruction.
      3. Investment via reinvestment of dividend distribution.
      4. Investment via Skim Amanah Rakyat 1Malaysia (SARA 1Malaysia).

    7. Why is SDT transaction not permitted?
    8. It is a measure to prevent unitholder’s account from being misused for money laundering and terrorism financing activities as well as for the safety of ASNB’s unitholder’s accounts.


    9. Is there any exception for SDT transaction?
    10. No.


    11. How can a unitholder ensure that SDT transaction will not occurs?
    12. Unitholder should be more sensitive to their needs when performing investment or redemption of units and not to use their unit trust account like a saving account at a financial institution.

APPLICATION FOR SEARCHING TRANSACTION RECORD
     
    1. When is the effective date?
    2. 1 March 2017.


    3. Why is ASNB imposing charge for each application of searching transaction records?
    4. The rational for such charge, among others, is to take into consideration the process involved in the searching transaction record and the costs of operation and administration. In addition, several other financial institutions in Malaysia too have made similar practice by implementing searching transaction records charge policy.


    5. The charge is expensive?
    6. By comparison, the charge imposed by ASNB is the most competitive among other financial institutions.


    7. Can the applicant/complainant request for charge exemption?
    8. There is no exemption granted. However, the charge will be refunded to the applicant/complainant if the investigation resulting to a discrepancy between the investment balance/invalid withdrawal is due to agent’s mismanagement.

      If the result of the investigation found that the discrepancy in the investment balance /invalid withdrawal is due to the unit holder’s forgetfulness or confusion, the charge will remain and will not be refunded.


    9. What are the types of applications that will be charged for searching transaction records?
    10. The searching charge is applicable to the following records:

      • Complaints on discrepancy in investment balance/invalid withdrawal
      • Copy of original transaction documents
      • Copy of Hibah Amanah (HA) / Pengisytiharan Amanah (PA) document
      • Copy of Estate Claims document

    11. Is there any period of transaction dates allowable for searching transaction records?
    12. The time frame in which you can request the transaction document dates allowed is seven (7) years from the date of application for searching transaction records.

      According to the Master Prospectus, ASNB will keep all the related documents of fund transactions for each trust fund for seven (7) years from the date of the documents issuance. Therefore, ASNB is not obliged to submit any documents which have exceeded the seven (7)-year period from the date of the issuance.


    13. What is the charge for each application for searching transaction record?
    14. The searching charge is RM35 for each application or RM37.10 inclusive of GST.


    15. If the applicant refuses to pay the fee, will the application be continued to be processed?
    16. No. Please refer to questions No. 2, 3 & 4.


    17. Who can apply?
    18. Applications can only be done by the unit holder or registered guardian. Third party is not allowed to apply on behalf of applicant.


    19. Where to apply for this service?
    20. Application of this service can be done at any ASNB branch.


    21. Can the application be done at ASNB agents?
    22. No.


    23. What documents need to be submitted to apply for searching transaction records?
    24. The applicant/complainant must complete the following documents:

      1. Permohonan Carian Rekod form
      2. Maklum Balas Pelanggan form (if it involves complaint on discrepancy in the investment balance/invalid withdrawal)

    25. How to request a refund if the discrepancy in investment balance/invalid withdrawal is caused by the agent’s mismanagement or system problem?
    26. The applicant/complainant does not need to apply for the refund.

      ASNB will refund the searching charge to the applicant/complainant if the investigation result found that the discrepancy in the investment balance/invalid withdrawal is caused by a the agent’s mismanagement or system problem through any appropriate methods.

OTHER SERVICES
     
  1. Application of Detailed Statement
    1. What are the types of documents that can be applied with regard to a Unit Holder's transactional information?
      • Detailed transaction statement
      • Detailed computation of income distribution
      • A copy of income distribution statement

    2. What is the limit of years to apply for detailed statements?
      • Transaction statements and detailed computation of income distributions – seven (7) years back from the current year
      • A copy of the income distribution statement – three (3) years back from the current year

    3. Who is eligible to apply for a detailed statement?
      • Unit Holder/Registered Guardian
      • Representative appointed by the Unit Holder/Registered Guardian through the Power of Attorney
      • Beneficiary/Administrator for the Deceased Unit Holder
      • Third party (individual) through an appointed lawyer

    4. Can the applicant apply for the detailed statement at the ASNB Agent?
    5. No, application of detailed statements can only made in ASNB branches.

    6. How to apply for a detailed statement if I am living abroad?
    7. You can send an e-mail to asnbcare@pnb.com.my and submit the following documents:

      • Application form (downloadable at ASNB website)
      • Photocopy of identification documents (including passport) which have been certified by verified by Malaysian Embassy Officer/Notary Public/ Commissioner for Oaths together with their official stamp, name, title and signature
      • Payment of fees can be made to:
        • Bank: CIMB
        • Account Number: 8000797410
        • Account Name: ASNB Back Office

    8. Does the service charge of the ASN and ASB detailed statements need to be paid separately?
    9. Yes, it has to be paid separately as the detailed statements are produced separately.

    10. Does the application of the ASN and ASB income distribution statements have to be paid separately?
    11. Yes. The applicant needs to pay RM5.00 for each application based on the year requested, as the statement is printed in one sheet (maximum 3 years back from the current year).

    12. How will the detailed statements be delivered or collected?
      • Through postage to mailing address given.
      • Self collect at the branch where the application submitted.
      • Through e-mail if the applicant resides abroad.

    13. Why does the application of a detailed transaction statement and detail computation of income distribution are limited for certain a period of time?
    14. The permissible time limit is based on the internal procedure of ASNB as stated in the deed of unit trust funds, as found in the clause of "Destructions of Documents", which states that 7 years is used as a benchmark for Unit Holders' information storage. Section 308 of the Capital Market Services Act (CMSA) also states the same.

    15. I am the Beneficiary/Administrator of the deceased unit holder and have received the payment from the beneficiary claim. Am I allowed to apply for the deceased's detailed statement?
    16. The Beneficiary/Administrator who has received the payment from the beneficiary claim is allowed to make an application according to the procedure.

    17. I have received the beneficiary claim and would like to apply for the deceased's detailed statement. What are the required documents?
    18. You need to present the identification documents.

    19. I am the Beneficiary/Administrator who has not made the beneficiary claim. Will I be able to apply for the deceased's detailed statement?
    20. Yes, you can apply if your name is included in the list of the supporting documents such as the Letter of Administration, Grant of Probate or the Court Order.

    21. I am the next of kin to the deceased. Am I allowed to apply for the deceased's detailed statement?
    22. Only the Beneficiaries/Administrator that are included in the list of the supporting documents such as the Letter of Administration, Grant of Probate or the Court Order may apply. Beneficiaries who have made the claim and received payment from the beneficiary claim are also eligible to apply according to the procedure.

    23. I have the official letter from the Land Administrator. Can I apply for the deceased's detailed statement?
    24. Yes, you can apply by using the Letter of Administrator from the Land Office/ Assistant Land Administrator or from the relevant authorities as stated in the Small Estates (Distribution) Act 195.

    25. Is the application from a third party only allowed for a deceased Unit Holder's account?
    26. No. An application is also allowed for an account of a Unit Holder who is still alive by submitting the supporting documents such as the Court Order and Relationship Document (if applicable) and the Appointment of a Lawyer letter (if a lawyer is appointed).

    27. Can I appoint a representative to apply for the deceased's detailed statement on my behalf?
    28. Yes, you will need to complete the Representative Authorisation Form and attach the following supporting documents:

      • Original identification document of the representative
      • Photocopy of the Unit Holder/Registered Guardian's identification document
      • Photocopy of the Unit Holder/Registered Guardian's investment book front page
      • Representative Authorisation Form – ASNB B/6 form which has been completed by the Unit Holder/Registered Guardian

    29. Can a law firm request on behalf of another individual?
    30. Yes, it can. The firm needs to submit the Appointment of Lawyer letter stating that the law firm has the right /instruction by the individual/ authority body through the Court Order or Letter of Administration.


     
  2. Change of Particulars
    1. Why Unit Holders/Registered Guardians are required to change their personal details?
    2. Changing of particulars is needed to ensure that important information such as name and identification number in the ASNB record are correct and same as the information shown on Unit Holders/Registered Guardians' identification document.

    3. What are the implication if the personal details of the Unit Holder/Registered Guardian are different from the ASNB record or contain errors?
    4. The Unit Holder/Registered Guardian will not be permitted to do any transactions if there are information discrepancies with the ASNB record.

    5. If Unit Holders move to a new address, should they updates their mailing address?
    6. Yes. Unit Holders are always advised to update their latest and current mailing address in the ASNB record to ensure the delivery of all documents (such as the Annual Report and Income Distribution Statement).


     
  3. Lost Investment Book
    1. If I have lost my ASNB Fund investment book, what should I do?
    2. The steps that you should do are as follows:
      Please refer to ASNB Services for the supporting documents needed.

      • You may report on the loss of the investment book at the nearest ASNB branches and ASNB agents to suspend the account.
      • You may make the replacement of the investment book at the nearest ASNB branches (only).

      Your book will be replaced immediately after the transaction processed.

    3. What if I found my book, after I lodge the report?
    4. If you have found your book after the report done, you may notify ASNB branches to uplift your account status. Please refer to ASNB Services for the supporting documents needed. You can use the existing book as soon as the tagging is uplifted. But, if you have made the replacement, you have to use the new investment book as the old passbook has been cancelled.

REVISED ANNUAL TRUSTEE FEE
     
    1. When is the effective date?
    2. 90 days after the Second Supplementary Master Prospectus dated 16 March 2017.


    3. Where can I find the information on changes of annual trustee fee?
    4. You can find the information in the latest Master Prospectus and Supplementary Master Prospectus (if any) of the funds, which have been registered with the Securities Commission. You may also get it from our website at www.asnb.com.my.


    5. Does the revision of annual trustee fee have any impact to Unit Holders?
    6. The annual trustee fee is a form of expenses imposed indirectly on the Unit Holders. However, as an expense to the Funds, any revision will have potential impact to the financial performance of the Funds.


    7. Rational of the revision?
    8. The annual trustee fee has never been revised since the inception of the respective funds. In the meanwhile, the cost of trustee’s operation has been increasing due to tighter regulations and compliance requirements.

      For further clarification, kindly refer to AmanahRaya Trustee Berhad.


ELECTRONIC VERSION OF REPORTS AND STATEMENTS
     
    1. What is electronic version of Income Distribution Statement, Annual Report and Interim Report?
    2. Effective from financial year ending 2018 onwards, the income distribution statement, annual report and interim report of all ASNB unit trust funds will be delivered electronically to unit holder’s registered email. Annual report and interim report of the funds can also be accessed via ASNB’s website at www.asnb.com.my.


    3. What are the advantages of receiving Income Distribution Statement, Annual Report and Interim Report electronically?
      • Faster access – Unit holders can have faster access to income distribution statement, annual report and interim report.
      • Convenience – Unit holders do not have to come to ASNB or agents’ branches to view their income distribution but is able to do so through the electronic statement.
      • Security – Income distribution statement can only be accessed by unit holder that is authenticated through a unique password to avoid any possibility of the statement to be accessed by third party.
      • Environment Friendly– Preserve nature through paperless environment.

    4. When will the electronic version of Income Distribution Statement, Annual Report and Interim Report be implemented?
    5. The electronic delivery will be implemented after the financial year ending 2018 for all funds beginning with ASNB’s unit trust funds with financial year ending March 2018 which are Amanah Saham Gemilang (ASG), Amanah Saham Malaysia (ASM) and Amanah Saham Bumiputera 2 (ASB 2).


    6. How do I receive the electronic version of Income Distribution Statement, Annual Report and Interim Report from ASNB and will I incur any additional costs for receiving those services?
    7. Unit holders are encouraged to update their personal information which includes email address, mobile number and account number at any ASNB or agents’ branches nationwide. Electronic version of Income Distribution Statement, Annual Report and Interim Report will be delivered to unit holders through the email address registered with ASNB.

      No. Unit holders will not incur any charges for this service.


    8. What information should I provide ASNB to receive electronic version of Income Distribution Statement, Annual Report and Interim Report?
    9. The personal information required for the service includes email address and mobile number.


    10. What if I have no email address required by ASNB to receive electronic version of Income Distribution Statement, Annual Report and Interim Report?
    11. For those who have no email address, you can register with any email providers for free, for example Yahoo, Google, Hotmail and etc.


    12. How do I register my email address with ASNB?
    13. Unitholders can update their email address, mobile number and other personal information through these channels:

      1. ASNB or agents’ branches nationwide
      2. Postal Address:
        Amanah Saham Nasional Berhad
        Jabatan Pengurusan Ejen & Perhubungan Pelanggan
        UG, Balai PNB
        201-A, Jalan Tun Razak
        50400 Kuala Lumpur
      3. Fax: 03-20505220
      4. Email: asnbcare@pnb.com.my

    14. Will I be notified once ASNB has sent the electronic version of Income Distribution Statement, Annual Report and Interim Report to the registered email?
    15. Yes, unit holders will be notified via text messages that will be sent to their mobile number registered with ASNB.


    16. Is it secured to view my income distribution statement electronically?
    17. Yes. Unit holders will be prompted to enter an exclusive and unique password set by ASNB to view the encrypted statement file sent to your email.


    18. How do I get my electronic version of Income Distribution Statement’s password?
    19. Unit holders will receive the password through email notification sent by ASNB.


    20. Will my electronic version of Income Distribution Statement look the same as the current paper statement sent by ASNB?
    21. Yes. The electronic version of Income Distribution Statement looks exactly like the paper statement.


    22. What will happen if I do not give any respond to ASNB?
    23. Income distribution statement, annual report and interim report will be sent electronically in the event of which ASNB does not received any respond from you until 31 March 2018. Electronic version of Income Distribution Statement will be delivered to unit holders through the email address registered with ASNB. While, annual report and interim report of the funds can be accessed via ASNB’s website at www.asnb.com.my.


    24. Will I continue to receive paper report and statement after the launching date?
    25. No.


    26. Can I choose to receive paper report and/or statement?
    27. Yes, you can. You can notify ASNB at any ASNB’s branches or by filling in the form which is available in annual report or interim report of any ASNB funds and submit to ASNB through these channels:

      1. ASNB or agents’ branches nationwide
      2. Postal Address:
        Amanah Saham Nasional Berhad
        Jabatan Pengurusan Ejen & Perhubungan Pelanggan
        UG, Balai PNB
        201-A, Jalan Tun Razak
        50400 Kuala Lumpur
      3. Fax: 03-20505220
      4. Email: asnbcare@pnb.com.my

      However, the updated preferred mail option will only be effective in the next financial year end of respective unit trust funds.


    28. What if I enroll the electronic version of Income Distribution Statement, Annual Report and Interim Report but decide to change back to paper report and statement?
    29. Unit holders must notify in writing with name, IC number, mobile number, postal address, email address and account number for any ASNB unit trust to the address stated above.

      Unit holders can also notify in person in any ASNB and agents’ branches nationwide or email to asnbcare@pnb.com.my. However, the updated preferred mail option will only be effective in the next financial year of respective unit trust funds.


    30. Can I revoke my enrollment of receiving through electronic means and how much fee will be charged for it?
    31. Yes, you can revoke your enrollment of receiving electronic version of Income Distribution Statement, Annual Report and Interim Report at any time via steps stated above. No, unit holders will not incur any charges for this service.


AMANAH DANA ANAK MALAYSIA 2050 (ADAM50)
     
  1. General
    1. What is the current status of ADAM50?

      As at 31 October 2018, a total of 99,135 Malaysian newborns have been enrolled in the ADAM50 programme, representing 25% of the total Malaysian newborns registered with the National Registration Department during the same period. In view of the low participation rate, and the Government’s commitment to strengthen the financial position of the country, ADAM50 will be limited to babies born in 2018 only.


    2. Why was the eligibility for the ADAM50 programme changed to babies born in 2018 only?

      In view of the low participation rate, as mentioned above, and in line with the Government’s commitment to manage the country’s expenditure and scale down its financial burden in order to strengthen the Government’s current financial position, ADAM50 programme will be limited to babies born in 2018 only.


    3. Are babies born on 1 January 2019 onwards eligible to register for the ADAM50 programme?

      As mentioned previously, ADAM50 is limited to babies born up until 31 December 2018 only.


    4. If my child was born before 31 December 2018, but I have yet to register him/her under ADAM50, is my child still entitled to the benefits under this programme?
    5. The registration for ADAM50 can be made up to 31 March 2019, on the condition that the child has not reached the age of 1 year old at the point of registration.


    6. Will the 200 free incentive units be revoked for those who have registered for the ADAM50 programme?
    7. No, the units will remain in the participants’ accounts and will be released for redemption (if any) after they have reached the age of 18 years.


ADDITIONAL 1.50 BILLION UNITS
AMANAH SAHAM 1 MALAYSIA (AS 1MALAYSIA)
TO BE OPENED FOR SUBSCRIPTION BY INDIAN COMMUNITY
     
  1. General
    1. What is the meaning of an additional AS 1Malaysia units open for subscription by the Indian community?
    2. PNB will provide 1.50 billion additional units of Amanah Saham 1Malaysia (AS 1Malaysia) to be opened for subscription by Malaysian Indian community. This move is expected to provide opportunities and access to all Indians to open new accounts or increase their investment in AS 1Malaysia, up to the allowable maximum limit.


    3. Is there any subscription limit imposed?
    4. Yes, investment of any amount, up to a maximum limit of 30,000 units per individual account. However, the units can only be subscribed by Indian who does not have any investment in AS 1Malaysia or existing Indian unit holder with an investment balance of less than 30,000 units in AS 1Malaysia.


      Example for computation:

       Number of units in AS 1Malaysia participant’s account
      The balance of AS 1Malaysia units in participant’s account10,000
      (+) Additional units allowed for subscription20,000
      Total balance of AS 1Malaysia units in participant’s account30,000

    5. What is the total additional AS 1Malaysia units to be offered?
    6. 1.50 billion units (until the units are fully subscribed).

    7. How long would the units be available for subscription?
    8. Subject to the availability of the additional units.

    9. When will be the announcement date of this new AS 1Malaysia units?
    10. Tuesday, 23 January 2018.

    11. When can the additional units of AS 1Malaysia open for subscription?
    12. Monday, 29 January 2018.

    13. Why there is a difference between date of announcement and date of subscription?
    14. To help smoothen the process and allows applicants to prepare for subscription of AS 1Malaysia units.


     
  2. Eligibility
    1. What are the eligible criterion for investing in AS 1Malaysia?
      • Application is offered to Malaysian Indian:
        • Akaun Dewasa (18 years and above)
        • Akaun Bijak (parent or guardian who is investing for children aged 18 years old and below, and have valid birth certificate)
      • The applicant does not have investment in AS 1Malaysia or has become a unit holder but holding less than 30,000 units.
      • The applicant is not declared bankrupt when applying and during the holding period.

    2. How does the eligibility being identified and what are the Indian sub-categories that are eligible to subscribe for the additional AS 1Malaysia units?
      • The eligibility of investors are identified based on the race information in MyKad.
      • ASNB identifies the eligibility of the investors based on Jabatan Pendaftaran Negara (JPN) classification. For example, there are ten (10) sub-categories that are identified as Indian community, as follows:
        • India
        • Malayali
        • Punjabi
        • Sikh
        • Tamil
        • Telegu
        • Malabari
        • India Muslim
        • Telugu
        • Orissa

    3. Why my subscription could not be executed even though I am one of those Indian sub-categories based on JPN classification?
      • You hold existing unit of AS 1Malaysia more than 30,000 unit.

      • or

      • You are the existing unit holder of ASNB and has investment in either AS 1Malaysia or any other ASNB funds, and due to some data issues in ASNB system, your subscription can not be executed.

    4. What action does ASNB take to ensure that affected unit holders can proceed with AS 1Malaysia subscription?
    5. ASNB has solved the issues. Unit holders who face with the difficulties are advised to contact Agent Management & Customer Relations Department at 03-2057 3000 for more information or email asnbcare@pnb.com.my.

     
  3. How to Apply
    1. How do I apply to subscribe the additional units of AS 1Malaysia?
    2. Applicants can go to any of the ASNB branches and agents throughout Malaysia:

      • Maybank
      • CIMB
      • RHB
      • Pos Malaysia
      • Bank Simpanan Nasional (BSN)
      • Affin Bank
      • Alliance Bank
      • AmBank
      • Bank Muamalat Malaysia Berhad

    3. Besides subscription through ASNB branches and agents, is there any other channels that unit holders can subscribe for the AS 1Malaysia units?
      1. myASNB Portal : Existing unit holders with holding less than 30,000 units in AS 1Malaysia and has registered as portal user can invest via myASNB, subject to availability of units.
      2. Internet Banking : Subscriptions can also be done via Maybank2u, CIMBClicks, AffinOnline dan RHBNow, subject to terms and conditions and availability of units.
      3. Mode of Payment: Applicants/unit holders can invest in AS 1Malaysia via Cash/ Bank Draft/Cheque/Banker’s Cheque, subject to availability of units.

      4.          Note:

        • Subscription through cheque or bank draft or Banker's Cheque can only be done at ASNB KL Main, Kuala Lumpur or ASNB branches.
        • Cheque must be payable to ‘Amanah Saham Nasional Berhad’.
        • Subscription through cheque payable to `unit holders’ or “ Registered Guardian” is allowable if the cheques are issued by:
          1. Malaysian Government
          2. Companies under PNB Group
          3. Government Link Companies (GLCs)
          4. PNB Investee Companies

                 Subscription via cheque/ Bank Draft / Banker's Cheque are subject to the clearing date of the cheque/ Bank Deraf/ Banker's Cheque.


      Subscription of AS 1Malaysia units will based on ‘first come first serve basis’ and subject to availability of units.


    4. What is the transaction time for subscription of AS 1Malaysia units?

    5. ChannelBusiness Hours
      ASNB Branches8.15am – 4.00pm
      ASNB AgentsSubject to ASNB agents’ respective business hours
      myASNB Portal7.00am – 6.30pm local time,
      Sunday to Friday and every third week of Saturday, excluding Federal Territory public holidays
      Internet Banking Maybank2u, CIMBClicks, AffinOnline and RHBNow24 hours, 7 days a week except RHBNow
      (12.30am – 4.30pm pm Federal Territory working days only)
    6. What are the documents required to apply?
      • Adult applicant is required to bring Mykad.
      • Registered Guardian is required to bring MyKad. Minor/Kids need to bring Mykid and/or Birth Certificate to perform transaction.

     
  4. Performance of AS 1Malaysia
    1. How is the performance of AS 1Malaysia for the last 3 years?
    2. Income distribution for AS 1Malaysia in the last 3 years are as follows:

      Financial Year Ended 30 September201520162017
      Income distribution Rate (sen per unit)6.406.106.00
      Source: Annual Report 2017, AS 1Malaysia

REBRANDING OF ASNB VARIABLE PRICE UNIT TRUST FUNDS
     
  1. Objective of the Rebranding Exercise of ASNB Funds
    1. What is the objective for rebranding exercise on ASNB’s unit trust funds?
    2. For your information, ASNB is currently undergoing an extensive unit trust rebranding exercise, in which the prominent approach of changes would include the following:

      1. Change in the names of existing variable price funds
      2. Changes to the fund category for ASNB funds
      3. Changes to the asset allocation strategy for ASNB funds
      4. Changes to the performance benchmark for ASNB funds

      The rebranding exercise was formulated based on the following objectives:

      1. Performance-Driven
      • Benchmark Focus
        • Recalibrating of asset allocation strategy and benchmark

      • Total Return Focus

        Increased emphasis on:

        1. The increase in the Net Asset Value (NAV) of the ASNB variable price funds
        2. Consistent income distribution goals

      2. Simplicity
      • "True-to-type" Approach
        • Describe more features & categories of the fund
      • To clearly identify the customer segmentation
        • It is clearer to meet different investor risk requirements and tolerances
      • To facilitate clearer, more structured product advisory
      3. Standardisation of Image
      • New names are introduced according to the characteristics of the funds
      • Logo/image to maintain the same concept to be in line with ASNB fixed price funds
      • To highlight the 'ASN' brand, being the first ASNB unit trust fund, onto all the other variable price funds


     
  2. Changes to the Names of the ASNB Funds
    1. Which of the funds managed by ASNB are is affected by the renaming exercise? What are the new names of the funds?
    2. All ASNB variable price funds managed by ASNB the renaming exercise. The renaming of the funds are as follows:

      Fund Name
      Current NameNew Name
      Amanah Saham Nasional (ASN)No Change
      Amanah Saham Nasional 2 (ASN 2)ASN Equity 2
      Amanah Saham Kesihatan (ASG–Kesihatan)ASN Equity 3
      Amanah Saham Nasional 3 Imbang (ASN 3)ASN Imbang (Mixed Asset Balanced) 1 or ASN Imbang 1
      Amanah Saham Pendidikan (ASG–Pendidikan)ASN Imbang (Mixed Asset Balanced) 2 or ASN Imbang 2
      Amanah Saham Persaraan (ASG–Persaraan)ASN Sara (Mixed Asset Conservative) 1 or ASN Sara 1


    3. How does the new image of the ASNB variable price funds look like?
    4. The new images of the ASNB variable price funds are as follows:

      vp_newlogo


    5. Will there be any changes to the names of the ASNB fixed price funds?
      (Amanah Saham Bumiputera, Amanah Saham Wawasan 2020, Amanah Saham Malaysia, Amanah Saham Didik, Amanah Saham 1Malaysia, Amanah Saham Bumiputera 2)
    6. No. To date, there will be no changes to the names of these funds. Nevertheless, ASNB will notify the unit holders upon any event of changes on its fixed price funds.


    7. Will the previous names of the funds be disclosed along with the new names?
    8. For the benefit of our unit holders, the previous names of the funds will still be disclosed across our documents from the effective date of the change until further notice to avoid confusion and to facilitate acceptance by unit holders on the new names.


     
  3. The Fund Category, Asset Allocation Strategy and Benchmark for ASNB Fixed Price Funds
    1. What are the changes that involve fixed price funds?
    2. FundsCurrentChanged To
      FIXED PRICE FUNDS BENCHMARKS
      ASB, ASW 2020, ASM, ASD3-month KLIBOR
      Maybank 12-months fixed deposit rate
      ASB 2, AS 1Malaysia5-Year MGS
      FIXED PRICE FUNDS CATEGORIES
      ASB, ASM, ASW 2020, ASD and AS 1MalaysiaEquityMixed Assets
      ASB 2Mixed AssetsNo Change
      FIXED PRICE FUNDS ASSET ALLOCATIONS
      ASB, ASM, ASW 2020, ASD and AS 1MalaysiaThe Fund will invest 70% – 90% of its VOF in equities, while the balance of the Fund’s VOF may be invested in fixed income securities and money market instruments inclusive of liquid assets. Asset Allocation:
      • Up to 90% of VOF in equities
      • Up to 50% of VOF in other asset classes
      • Minimum 5% of VOF in cash or liquid asset

      Note: The change of asset allocation strategy of the fund will take effect on 1 May 2018.
      ASB 2 The Fund seeks to achieve its objective by investing the following:
      • Up to 90% of its VOF in equities
      • Up to 50% of its VOF in other asset classes such as variable and fixed income securities
      • Minimum 10% of its VOF in cash or liquid asset
      No Change

    3. What are the rationale for the changes?
      • As an initiative to strengthen the investment portfolio of the funds, PNB has formulated a Strategic Asset Allocation Framework (SAA) to optimize the asset allocation of the funds in accordance with the categories and objectives of the funds.
      • SAA outlines the repositioning of each fund in accordance with the respective categories with the following objectives:
        • Enabling optimal risk-return balance
        • Enhancing long-term returns sustainability
      • SAA requires the need to standardize the current benchmarking approach ie for each fund to be benchmarked relative to appropriate reference portfolio, to better gauge portfolio performance in accordance with the funds’ objectives and categories.
      • Since all fixed price funds share similar features, the benchmarks, category and asset allocation strategy for all fixed price funds will be streamlined.
      • Being fixed price funds, the performance of fixed price funds is benchmarked against instruments that have similar features with that of the funds.
      • The 12-month FD rate is more appropriate from unit holders’ perspective since the 3-month KLIBOR rate is only applicable to banks (interbank rate, while MGS only cater to sophisticated investors.

    4. Will the changes affect the performance of the funds?
      • The investment objectives and risk profiles of all fixed price funds are not changed.
      • Among the objective in the formulation of SAA Framework is delivering sustainable return over a long-term period within appropriate risk levels in accordance with the investment objective and category of funds. Accordingly, the Manager strives to continue to deliver those objectives.

    5. What is the effective date of the changes?
    6. The changes will take effect on 1 May 2018.


     
  4. The Fund Category, Asset Allocation Strategy and Benchmark for ASNB Variable Price Funds
    1. What are the changes that involve the variable price funds?
    2. FundsCurrentChanged To
      VARIABLE PRICE FUNDS BENCHMARKS
      • ASN
      • ASN Equity 2 (formerly known as ASN 2)
      80% FBM 100 : 20% 3-month KLIBOR80% FBM 100 : 20% Maybank 12-months fixed deposit rate
      • ASN Imbang 1 (formerly known as ASN 3)
      50% FBM 100 : 50% 3-month KLIBOR50% FBM 100 : 50% Maybank 12-months fixed deposit rate
      • ASN Equity 3 (formerly known as ASG-Kesihatan)
      70% FBM 100 : 30% 3-month KLIBOR80% FBM 100 : 20% Maybank 12-months fixed deposit rate
      • ASN Imbang 2 (formerly known as ASG-Pendidikan)
      60% FBM 100: 40% 3-month KLIBOR50% FBM 100 : 50% Maybank 12-months fixed deposit rate
      • ASN Sara 1 (formerly known as ASG-Persaraan)
      40% FBM 100 : 60% 3-month KLIBOR30% FBM 100 : 70% Maybank 12-months fixed deposit rate
      VARIABLE PRICE FUNDS CATEGORY
      • ASN Imbang 2 (formerly known as ASG-Pendidikan)
      Mixed AssetsMixed Assets Balanced
      • ASN Sara 1 (formerly known as ASG-Persaraan)
      Mixed AssetsMixed Assets Conservative
      VARIABLE PRICE FUNDS ASSET ALLOCATION
      • ASN Imbang 2 (formerly known as ASG-Pendidikan)
      The Fund may invest 20% - 70% of its NAV in fixed income securities and liquid assets while the balance of the Fund’s NAV may be invested in equities and other instruments.The Fund may invest 25% to 75% of its NAV in equities, while the balance may be invested in fixed income securities and money market instruments inclusive of liquid assets and other instruments.
      • ASN Sara 1 (formerly known as ASG-Persaraan)
      The Fund may invest 20% - 80% of its NAV in fixed income securities and liquid assets while the balance of the Fund’s NAV may be invested in equities and other instruments.The Fund may invest 20% to 80% of its NAV in fixed income securities and money market instruments inclusive of liquid assets, while the balance may be invested in equities and other instruments.

    3. What are the rationale for the changes?
      • As an initiative to strengthen the investment portfolio of the funds, PNB has formulated a Strategic Asset Allocation Framework (SAA) to optimize the asset allocation of the funds in accordance with the categories and objectives of the funds.
      • SAA outlines the repositioning of each fund in accordance with the respective categories with the following objectives:
        • Enabling optimal risk-return balance
        • Enhancing long-term returns sustainability
      • SAA requires the need to standardize the current benchmarking approach ie for each fund to be benchmarked relative to appropriate reference portfolio, to better gauge portfolio performance in accordance with the funds’ objectives and categories.
      • The asset allocation strategies are streamlined to better reflect the categories of the fund and the actual strategies in practice.
      • The asset allocation strategy and benchmarks are streamline according to categories as practiced by the industry . The cash/fixed income components of the benchmark will use the 12-month FD rate as opposed to the current 3-month KLIBOR rate since the 12-month FD rate is more appropriate from unit holders’ perspective since the 3-month KLIBOR rate is only applicable to banks (interbank rate).

    4. Will the changes affect the performance of the funds?
      • The investment objectives and risk profiles for the funds will remain.
      • Among the objective in the formulation of SAA Framework is delivering sustainable return over a long term period within appropriate risk levels in accordance with the investment objective and category of funds. Accordingly, the Manager will strive to continue to deliver those objectives.

    5. What is the effective date of the changes?

      The changes will take effect on 1 May 2018.


     
  5. Launching and Effective Date of the Rebranding Exercise
    1. When is the launching date for the changes in relation to the rebranding of ASNB funds?
    2. The launching date is on 20 April 2018.


    3. When is the effective date for the changes in relation to the rebranding of ASNB funds?
    4. The new names of the funds have been registered via the Second Supplemental Master Prospectus on 1st April 2018. All changes due to this rebranding exercise will take effect on 1st May 2018.


    5. Why is there a difference between the announcement date and the effective date of change?
    6. The announcement prior to the effective date is done to provide early awareness to unit holders and to smoothen the transition process of this renaming exercise.


     
  6. Impact of the Rebranding of ASNB Funds to the Unit Holders
    1. Will the rebranding of ASNB funds have any impact to my account number with ASNB?
    2. No. Unit holders need not be worried are rest assured since rebranding of ASNB funds will not affect the unit holders’ account number with ASNB at the effective date of change.


    3. Will the rebranding of ASNB funds have any effect to my personal information with ASNB?
    4. No. Unit holders are rest assured that the rebranding of funds will not affect the personal details of the unit holders with ASNB at the effective date of change.


    5. Will the change rebranding of names have any effect to my current investments with ASNB?
    6. No. Unit holders are rest assured that the rebranding of funds will not have any effect on unit holders’ investment in all ASNB funds at the effective date of change.


    7. Will there be any costs chargeable that I need to pay or will be chargeable to my account?
    8. No. Any costs in relation to this rebranding exercise will not be borne by the unit holders.


     
  7. Impact of the Rebranding of ASNB Funds to the ASNB Transaction Documents
    1. How will the rebranding of ASNB funds be reflected onto the transaction documents between ASNB and myself?
    2. All documents bearing the fund names of ASNB will continue to be ASNB branded. However, the documents (where affected) will be amended to reflect the latest changes in relation to this rebranding exercise. The existing unit holders’ account number remains unchanged.


     
  8. Impact of the Rebranding of ASNB Funds to Your Existing Hibah Amanah/Pengisytiharan Amanah Contracts
    1. I have previously registered for the Hibah Amanah/Pengisytiharan Amanah facility for my investments under the funds bearing their previous name, asset allocation strategy, fund category and benchmark. Will the rebranding of ASNB funds have a legal impact onto my Hibah Amanah/Pengisytiharan Amanah contract?
    2. No. The rebranding of ASNB funds will not affect the validity of the existing contract signed by the respective parties involved, bearing the previous names of the funds. Hence, unit holders are not required to sign a new Surat Ikatan Hibah / Surat Ikatan Amanah.


     
  9. Action Required by Unit Holders
    1. What are the necessary actions or steps do I need to take upon the effective date of this rebranding exercise?
    2. ASNB has taken all the necessary steps to carefully notify our valued unit holders on the rebranding of variable price funds names. No action is required in respect of your investments with ASNB.


     
  10. Contact Us
    1. I wish to know more on this renaming exercise. How can I seek help?
    2. If you wish to seek for further information on this exercise, you may visit our website at www.asnb.com.my or visit any of our ASNB branches nationwide. Alternatively, you may communicate to us via the following:

      1. In writing:
        Amanah Saham Nasional Berhad
        Agent Management and Customer Relations Dept
        UG, Balai PNB
        201-A, Jalan Tun Razak
        50400 Kuala Lumpur

      2. Hotline: 03-2057 3000

      3. Email: asnbcare@pnb.com.my


      For more information on the changes, please refer to the Second Supplemental Master Prospectus registered with the Securities Commissions Malaysia dated 1 April 2018.


RENAMING OF FIXED PRICE UNIT TRUST FUNDS
     
    1. What is the objective of renaming of ASNB fixed price funds?
    2. The renaming of ASNB fixed price funds was done based on the following objectives:

      • To highlight the 'ASB' brand onto all Bumiputera fixed price funds
      • To highlight the 'ASM' brand onto all Malaysian fixed price funds

    3. Which of the fixed price funds managed by ASNB are affected by the renaming exercise?
      What are the new names of the funds?
    4. The renaming of the fixed price funds are as follows:

      Fund Name
      Current NameNew Name
      Amanah Saham BumiputeraNo Change
      Amanah Saham Bumiputera 2No Change
      Amanah Saham MalaysiaNo Change
      Amanah Saham DidikAmanah Saham Bumiputera 3 - Didik or ASB 3 Didik
      Amanah Saham Wawasan 2020Amanah Saham Malaysia 2 – Wawasan or ASM 2 Wawasan
      Amanah Saham 1MalaysiaAmanah Saham Malaysia 3 or ASM 3


    5. When is the launching date for the changes in relation to the renaming of ASNB fixed price funds?
    6. 27 September 2018


    7. When are the effective dates of the new names of the funds?
    8. 15 October 2018


    9. How does the new logos of the ASNB funds look like?
    10. The new logos of the ASNB funds are as follows:

      vp_newlogo


    11. Will the previous names of the funds be disclosed along with the new names?
    12. For the benefit of our unit holders, the previous names of the funds will still be disclosed across our documents from the effective date of the change until further notice to avoid confusion and to facilitate acceptance by unit holders on the new names.


    13. Why is there a difference between the announcement date and the effective date of change?
    14. The announcement prior to the effective date is done to provide early awareness to unit holders and to smoothen the transition process of this renaming exercise.


    15. I wish to know more on this renaming exercise. How can I seek help?
    16. If you wish to seek for further information, you may visit our website at www.asnb.com.my or visit any of our ASNB branches nationwide. Alternatively, you may communicate to us via the following:

      • Email : asnbcare@pnb.com.my
      • Hotline : 03-2057 3000
      • In writing:

        Amanah Saham Nasional Berhad
        Agent Management and Customer Relations Dept
        UG, Balai PNB,
        201-A Jalan Tun Razak,
        50400 Kuala Lumpur


      For more information on the changes, please refer to the Fourth Supplemental Master Prospectus registered with the Securities Commissions Malaysia on 14 September 2018.

ASNB NEW FUNDS
ASN EQUITY 5 & ASN SARA 2
     
  1. General
    1. Does ASNB plan to launch new funds? And if yes, when and what type of funds will it be?
      • Yes, ASNB is planning to launch two (2) new Variable Price (VP) funds in September 2018.
      • The new funds will be:
        • Equity Growth – ASN Equity 5
        • Mixed Asset Conservative – ASN Sara 2

    2. What is the target market segment for these new funds?
      • The new funds are targeted at investors with different levels of risk tolerance and preference, as outlined in the following:
        • Equity Growth
          • HIGH RISK tolerance investors
          • Investors with preference for CAPITAL APPRECIATION
        • Mixed Asset Conservative
          • CONSERVATIVE and RISK AVERSE investors
          • Investors with preference for INCOME and LIQUIDITY

    3. What is the asset allocation of the respective new funds?
      • During the repositioning of ASNB VP Funds in May 2018, it was emphasised that the variable price funds of ASNB will be repositioned into three (3) distinctive types, namely:
        • Equity Growth;
        • Mixed Asset Balanced; and
        • Mixed Asset Conservative
      • The asset allocation for all the three types of funds has been standardised according to its type.
      • Hence, these new funds will follow the asset allocation as the existing funds under the same type and category as follows:
        • Equity Growth
          The Fund will invest 70% -90% of its net asset value (NAV) NAV in equities, while the balance of the Fund’s NAV may be invested in fixed income securities and money market instruments inclusive of liquid assets.
        • Mixed Asset Conservative
          The Fund may invest 20% to 80% of its NAV in fixed income securities and money market instruments inclusive of liquid assets, while the balance may be invested in equities.

    4. How about the benchmark of these new funds?
      • Benchmark for all VP funds has also been standardised in accordance with its type.
      • Hence, the benchmark of new funds will follow the existing funds’ benchmark under the same type and category, as follows:
        • Equity Growth - 80% FTSE Bursa Malaysia Top 100 (FBM 100) Index : 20% Maybank 12-month Fixed Deposit (FD) rate.
        • Mixed Asset Conservative - Maybank 70% 12-month Fixed Deposit (FD) rate : 30% Bursa Malaysia Top 100 (FBM 100) index.

    5. What are the main key features of these new funds?
      • Previously, all VP funds adopted The Historical Pricing mechanism, where the price of today’s transaction (T-day) is based on the previous business day’s valuation/NAV (T-1 day).
      • However, for these new funds, it will adopt Forward Pricing mechanism, where the price of today’s (T-day) transaction will be based on end of today’s valuation/NAV (T-day).
      • A cooling-off right also introduced to investors of new funds.
      • A cut-off time will be introduced where any transaction done after the cut-off time will be processed on the next business day (T+1 day).

     
  2. Forward pricing mechanism
    1. What is forward pricing mechanism? How does it differ from historical pricing?
      • Forward pricing is the pricing mechanism where the price of today’s (T-day) transaction will be based on end of today’s valuation/NAV (T-day).
      • The price will only be known after the market is closed and valuation of the fund has been carried out to determine the NAV/unit of the fund.
      • As an example:
        • Unit Holder (UH) A makes an investment of RM10,000 in new forward price fund
        • Unit Holder (UH) A will receive acknowledgement receipt stating the amount of investment as a proof of transaction
        • After the market is closed and NAV/unit has been determined, units will be allotted based on the net investment amount (RM10,000 minus sales charge)
        • The Unit Holder UH will receive a notification (based on their Preferred Mailing Mode, (PMM)) on the next business day stating the detailed transaction, i.e. Amount of Investment, price, units allotted and fee payable by the UH.
      • Unlike historical pricing, the price is based on previous business day’s valuation. Hence, upon any investment in historical price fund, the units will be immediately allotted, and the UH is informed of the number of units, price, and fees payable on the spot.

    2. How about redemption? Will I get the amount on-the-spot like current practice?
      • As mentioned earlier, the unit price of forward price fund is available upon valuation after the market is closed. Hence, any redemption transaction will be processed after the price is available, and the UH will receive the proceeds of the redemption within T+10 days upon the redemption transaction.
      • The amount will be credited/received based on their Preferred Payment Mode (bank transfer or cheque).
      • However, UHs are encouraged to update their bank account details at any ASNB Branches and Agents nationwide prior to performing redemption.

    3. Why does ASNB launch its new funds based on forward pricing, when all the existing variable price funds are based on historical pricing?
    4. The unit trust industry has been adopting forward pricing, which is in tandem with international practices in ensuring fairness in unit trust fund transactions. It is also in line with the Guidelines on Unit Trust funds as well as Investment Management Standard by The Federation of Investment Managers Malaysia (FIMM).


     
  3. Cooling-off right
    1. What is cooling-off right?
      • The right is given to a unit holder who is investing in any unit trust funds* managed by ASNB for the first time, to obtain a refund of his investment if she/he so request within the cooling-off period.
      • The cooling-off right, however, does not extend to a corporation or institution, the staff of ASNB or persons registered with the body approved by the SC to deal in unit trust funds.
      • The amount will be refunded within ten (10) days of receipt of the cooling-off application by ASNB.

      Note*: Refers to all of the unit trust funds managed by ASNB that are not granted exemptions from provision in the Guidelines relating to Cooling-off Right. Currently, all of ASNB existing funds are exempted from Clause 11.03, 11.04, 11.05 (a) & (b) of the Guidelines relating to Cooling-off rights.


    2. How long is the cooling-off period?
    3. The cooling-off period is six (6) Business Days commencing from the date of purchase i.e the date on which the Manager receives the application form and the investment amount.


    4. What will the unit holders receive upon exercising their cooling-off right?

      Upon the exercise of the cooling-off right, unit holders will receive the refund in the sum of:

      • The price of a unit on the day the units were purchased; and
      • The charges imposed on the day the units were purchased.


    5. What are the detailed criteria of the eligibility of cooling-off right?
      • Cooling-off right is applicable to existing and new unit holders of ASNB, who invest in new forward pricing funds.
      • Cooling-off will be given once per lifetime, of which when a unit holders have exercised their cooling-off right, they are no longer entitled for cooling-off right in subsequent investments made in the same or/and different forward price funds.
      • Cooling-off right is applicable to initial investments only. To illustrate when a unit holder performs additional subscription to the fund and although it is within the cooling-off period, his cooling-off right will no longer be valid.
      • Upon exercising the cooling-off right, a full refund of the initial investment will be given to the unit holder. Any unit holder who wishes to partially exercise their cooling-off right needs to perform redemption at transaction instead. Having said this, no partial cancellation is allowed.

    6. What is the process of exercising cooling-off right?
      • To exercise the cooling-off right, a unit holder needs to perform the following :
        • The unit holder needs to present to any ASNB Branches or Agents nationwide and request for cancellation of investment
        • The unit holder needs to bring the reference number of initial investment, of which is obtainable in the acknowledgement receipt (issued after making the initial investment) or notification (received T+1 business day after making the transaction), and mentions the reference number to the teller.
        • The teller will process the cancellation application and the refund amount will be received within T+10 days from the day the unit holder exercises his cooling-off right.
      • Cancellation cannot be done on the same day, due to the processing time of the initial investment application. Hence, should the unit holder wishes to request for cancellation, the transaction needs to be done at least one business day after the initial transaction, and within the cooling-off period as mentioned earlier.
      • After the cooling-off period has ended, unit holders cannot exercise their right, and need to perform full redemption if they wish to cancel their investment in the fund.
      • In such cases, the redemption will be based on the unit price of the fund, and all the fees paid by unit holders will not be refunded (following normal redemption process).

     
  4. Transaction cut-off time
    1. When is the transaction cut-off time for forward price funds?
      • The cut-off time will be at 4.00 pm.
      • Any transaction done before the cut-off time will be processed on the same day, whereas transactions made after the cut-off time will be processed on the next business day.

     
  5. Others services
    1. Are Switching and Transfer allowed?
    2. Transfer and Switching will be provided upon official notification from the Manager, on a date to be announced later.


    3. Can transactions for the new funds be performed on myASNB portal and at the Kiosk?
    4. At the moment, these cannot be performed on the myASNB portal or at the kiosk. We will announce when this can be done.




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