second supplementary master prospectus · (sources: ) the benchmark is derived based strategic...

A copy of this Second Supplementary Master Prospectus, the Principal Master Prospectus dated 30 June 2017 and the First Supplementary Master Prospectus dated 15 December 2017, have been registered and lodged with the Securities Commission Malaysia, who takes no responsibility for their content. The authorization of the Funds and the registration of this Second Supplementary Master Prospectus, should not be taken to indicate that the Securities Commission Malaysia recommends the Funds or assumes responsibility of any statement made, opinion expressed or reports contained in this

Second Supplementary Master Prospectus and Principal Master Prospectus. Investors are advised to read and understand the contents of this Second Supplementary Master prospectus, which has to be read together with the Principal Master Prospectus dated 30 June 2017 and the First Supplementary Master Prospectus dated 15 December 2017. If in doubt, please consult a professional adviser. For information concerning risk factors which should be

considered by respective investors, see “risk factors” commencing on Section 3.2 of the Principal Master prospectus dated 30 June 2017.

SECOND SUPPLEMENTARYMASTER PROSPECTUS

This Second Supplementary Master Prospectus is dated 1 April 2018 (“Second Supplementary Master Prospectus”)

INVESTORS ARE ADVISED TO READ AND UNDERSTAND THE CONTENTS OF THIS SECOND SUPPLEMENTARY MASTER PROSPECTUS DATED 1 APRIL 2018 WHICH IS TO BE READ TOGETHER WITH THE PRINCIPAL MASTER PROSPECTUS DATED 30 JUNE 2017, AND THE FIRST SUPPLEMENTARY MASTER PROSPECTUS DATED 15 DECEMBER 2017 WHICH ARE ANNEXED.

Funds and Date Constituted

AMANAH SAHAM NASIONAL - 14 April 1981AMANAH SAHAM BUMIPUTERA - 21 October 1989

AMANAH SAHAM WAWASAN 2020 - 14 August 1996ASN EQUITY 2 - 8 June 1999

(formerly known as Amanah Saham Nasional 2) AMANAH SAHAM MALAYSIA - 13 April 2000

AMANAH SAHAM DIDIK - 14 April 2001ASN IMBANG (Mixed Asset Balanced) 1 - 24 September 2001

(formerly known as Amanah Saham Nasional 3 Imbang)

ASN Umbrella: The Umbrella Fund for ASN Imbang (Mixed Asset Balanced) 2 - 11 March 2003

(formerly known as Amanah Saham Pendidikan)ASN Sara (Mixed Asset Conservative) 1 - 11 March 2003

(formerly known as Amanah Saham Persaraan) andASN Equity 3 - 11 March 2003

(formerly known as Amanah Saham Kesihatan)

AMANAH SAHAM 1MALAYSIA - 25 June 2009AMANAH SAHAM BUMIPUTERA 2 - 26 March 2014

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INVESTORS ARE ADVISED TO READ AND UNDERSTAND THE CONTENTS OF THIS SECOND SUPPLEMENTARY MASTER PROSPECTUS DATED 1 APRIL 2018 WHICH IS TO BE READ TOGETHER WITH THE PRINCIPAL MASTER PROSPECTUS DATED 30 JUNE 2017, AND THE FIRST

SUPPLEMENTARY MASTER PROSPECTUS DATED 15 DECEMBER 2017 WHICH ARE ANNEXED.

RESPONSIBILITY STATEMENT

This Second Supplementary Master Prospectus has been reviewed and approved by the directors of Amanah

Saham Nasional Berhad and they collectively and individually accept full responsibility for the accuracy of the

information. Having made all reasonable enquiries, they confirm to the best of their knowledge and belief,

that there are no false or misleading statements, or omission of other facts which would make any statement

in this Second Supplementary Master Prospectus false or misleading.

STATEMENTS OF DISCLAIMER

The Securities Commission Malaysia has authorised the Funds and a copy of this Second Supplementary

Master Prospectus has been registered with the Securities Commission Malaysia.

The authorisation of the Funds, and registration of this Second Supplementary Master Prospectus, should not

be taken to indicate that Securities Commission Malaysia recommends the said Funds or assumes

responsibility for the correctness of any statement made, opinion expressed or report contained in this Second

Supplementary Master Prospectus.

The Securities Commission Malaysia is not liable for any non-disclosure on the part of the management

company responsible for the said Funds and takes no responsibility for the contents in this Second

Supplementary Master Prospectus. The Securities Commission Malaysia makes no representation on the

accuracy or completeness of this Second Supplementary Master Prospectus, and expressly disclaims any

liability whatsoever arising from, or in reliance upon, the whole or any part of its contents.

INVESTORS SHOULD RELY ON THEIR OWN EVALUATION TO ASSESS THE MERITS AND RISKS OF THE

INVESTMENT. IF INVESTORS ARE UNABLE TO MAKE THEIR OWN EVALUATION, THEY ARE ADVISED TO

CONSULT PROFESSIONAL ADVISERS.

Investors should note that they may seek recourse under the Capital Markets and Services Act 2007 for breaches of

securities laws including any statement in this Second Supplementary Master Prospectus that is false, misleading, or from

which there is a material omission; or for any misleading or deceptive act in relation to this Second Supplementary Master

Prospectus or the conduct of any other person in relation to the Funds.

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Unless otherwise provided in this Second Supplementary Master Prospectus, all the capitalised terms used herein shall have the same meanings ascribed to them in the Principal Master Prospectus dated 30 June 2017.

1. Definitions used in the Principal Master Prospectus to be applicable

The expressions and abbreviations used in this Second Supplementary Master Prospectus have, unless

repugnant to the context or otherwise provided herein, the same meaning as in the Principal Master

Prospectus.

FBM 100 : FTSE Bursa Malaysia Kuala Lumpur Top 100 Index.

First Supplementary Master

Prospectus

: The First Supplementary Master Prospectus dated 15 December

2017 which is to be read together with the Principal Master

Prospectus dated 30 June 2017.

Second Supplementary Master

Prospectus

: The Second Supplementary Master Prospectus dated 1 April

2018 which is to be read together with the Principal Master

Prospectus dated 30 June 2017 and First Supplementary Master

Prospectus.

Principal Master Prospectus : The Master Prospectus dated 30 June 2017 registered with the

Securities Commission Malaysia in respect of the Funds.

2. Amendment to Section 1 on page 5 – “GLOSSARY OF TERMS / ABBREVIATIONS”

Section 1 on page 5 of the Principal Master Prospectus under “Glossary of Terms/Abbreviations” is

amended as follows:

(i) Change of Funds name of ASN 2, ASN 3 Imbang, ASG, ASG-Kesihatan, ASG-Pendidikan and

ASG-Persaraan to read as follows:

ASN Umbrella Amanah Saham Nasional, the umbrella fund for ASN Equity 3, ASN Imbang (Mixed Asset

Balanced) 2 and ASN Sara (Mixed Asset Conservative) 1

ASN Equity 2 ASN Equity 2 [formerly known as Amanah Saham Nasional 2, ASN 2]

ASN Equity 3 ASN Equity 3 [formerly known as Amanah Saham Gemilang Kesihatan, ASG-Kesihatan]]

ASN Imbang 1 ASN Imbang (Mixed Asset Balanced) 1 [formerly known as Amanah Saham Nasional 3 Imbang, ASN 3]

ASN Imbang 2 ASN Imbang (Mixed Asset Balance) 2 [formerly known as Amanah Saham Gemilang –Pendidikan, ASG-

Pendidikan]

ASN Sara 1 ASN Sara (Mixed Asset Conservative) 1 [formerly known as Amanah Saham Gemilang – Persaraan,

ASG-Persaraan]

(ii) Insertion of a new definition to read as follows:

Maybank Malayan Banking Berhad (3813-K)

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(iii) Insertion of a new explanation note under the table of “Glossary of Terms/Abbreviations” to

read as follows:

Note:

The change of name of the above Funds will take effect on May 1, 2018. Any references to ASN 2,

ASN 3, ASG, ASG-Kesihatan, ASG-Pendidikan, and ASG Persaraan throughout the Principal Master

Prospectus and the First Supplementary Master Prospectus are to be changed to ASN Equity 2, ASN

Imbang 1, ASN Umbrella, ASN Equity 3, ASN Imbang 2 and ASN Sara 1, respectively.

3. Amendment to Section 3.1.1 on page 11 – “ASN” under “INFORMATION OF THE FUNDS”

Section 3.1.1 on page 11 of the Principal Master Prospectus under “Information of the Funds” pertaining

to “ASN” on the “Performance Benchmark” is deleted in its entirety and substituted with the following:

Performance

Benchmark

The performance of the Fund is benchmarked against the performance of other

instruments that have similar features with that of the Fund. Being a variable

price Fund, the return to Unit Holders will mainly be in the form of total return

which comprises of capital return and income distribution yield (if any).

The benchmarks of the Fund is a composite benchmark index comprising:

80% FBM 100

(sources: www.bursamalaysia.com.my)

20% Maybank 12 Months Fixed Deposit

(sources: www.maybank2u.com.my)

The benchmark is derived based strategic asset allocation, where in the long run, the Fund is expected to be 80% invested in equities and 20% in fixed income securities.

The performance of the Fund and its benchmark is available on ASNB website

at www.asnb.com.my

4. Amendment to Section 3.1.2 on page 14 – “ASN EQUITY 2” under “INFORMATION OF THE FUNDS”


to “ASN Equity 2” on the “Performance Benchmark” is deleted in its entirety and substituted with the

following:

Performance

Benchmark

The performance of the Fund is benchmarked against the performance of other

instruments that have similar features with that of the Fund. Being a variable

price Fund, the return to Unit Holders will mainly be in the form of total return

which comprises of capital return and income distribution yield (if any).

The benchmarks of the Fund is a composite benchmark index comprising:

80% FBM 100 (sources: www.bursamalaysia.com.my)

http://www.bursamalaysia.com.my/

http://www.maybank2u.com.my/


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20% Maybank 12 Months Fixed Deposit (sources: www.maybank2u.com.my)

The benchmark is derived based strategic asset allocation, where in the long

run, the Fund is expected to be 80% invested in equities and 20% in fixed income

securities.


at www.asnb.com.my

5. Amendment to Section 3.1.3 on page 17 – “ ASN IMBANG 1” under “INFORMATION OF THE FUNDS”


to “ASN Imbang 1” on the “Performance Benchmark” is deleted in its entirety and substituted with the

following:

Performance

Benchmark

The performance of the Fund is benchmarked against the performance of other instruments that have similar features with that of the Fund. Being a variable price Fund, the return to Unit Holders will mainly be in the form of total return which comprises of capital return and income distribution yield (if any).

The benchmark of the Fund is a composite benchmark index comprising:



The benchmark is derived based strategic asset allocation, where in the long run, the Fund is expected to be 50% invested in equities and 50% in fixed income securities.

The performance of the Fund and its benchmark is available on ASNB website at www.asnb.com.my

6. Amendment to Section 3.1.4 on pages 19 to 21 – “THE THREE FUNDS UNDER THE UMBRELLA OF ASN (ASN EQUITY

3, ASN IMBANG 2, ASN SARA 1”) under “INFORMATION OF THE FUNDS”

(a) Section 3.1.4 on page 19 of the Principal Master Prospectus under “Information of the Funds”

pertaining to “ASN Imbang 2” and “ASN Sara 1”on the “Category of Fund” is deleted in its entirety and

substituted with the following:

ASN IMBANG 2

Category Mixed Asset Balanced

Note: The change of category of the fund will take effect on May 1, 2018.

ASN SARA 1

Category Mixed Asset Conservative

Note: The change of category of the fund will take effect on May 1, 2018.




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(b) Section 3.1.4 on page 19 of the Principal Master Prospectus under “Information of the Funds”

pertaining to “ASN Imbang 2 and ASN Sara 1” on the “Asset Allocation Strategy” is deleted in its

entirety and substituted with the following:

ASN IMBANG 2

Asset Allocation

Strategy

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.

Note: The change of asset allocation strategy of the fund will take effect on May 1, 2018.

ASN SARA 1

Asset Allocation

Strategy

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.


(c) Section 3.1.4 on page 20 of the Principal Master Prospectus under “Information of the Funds”

pertaining to “ASN Imbang 2, ASN Equity 3 and ASN Sara 1” on the “Performance Benchmark” is

deleted in its entirety and substituted with the following:

Performance

Benchmark

The performance of the Fund is benchmarked against the performance of

other instruments that have similar features with that of the Fund. Being a

variable price Fund, the return to Unit Holders will mainly be in the form of

total return which comprises of capital return and income distribution yield

(if any).

The benchmark of the Fund is a composite benchmark index comprising:

ASN IMBANG 2



ASN SARA 1




ASN EQUITY 3










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The benchmark is derived based strategic asset allocation, where in the long

run, ASN Imbang 2 is expected to be 50% invested in equities and 50% in fixed

income securities; ASN Equity 3 is expected to be 80% invested in equities and

20% in fixed income securities and ASN Sara 1 is expected to be 30% invested

in equities and 70% invested in fixed income.


at www.asnb.com.my

7. Amendment to Section 3.1.5 on pages 23 to 24 – “ASB” under “INFORMATION OF THE FUNDS”

Section 3.1.5 on pages 23-24 of the Principal Master Prospectus under “Information of the Funds”

pertaining to “ASB” on the ”Category, Asset Allocation Strategy and Performance Benchmark” is deleted

in its entirety and substituted with the following:

Category Mixed Asset Note: The change of category of the fund will take effect on May 1, 2018.

Asset Allocation

Strategy

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


Performance

Benchmark



fixed price fund, the return to Unit Holders will mainly be in the form of income

distribution yield (if any).

The benchmark of the Fund is :

Maybank 12 Months Fixed Deposit (sources: www.maybank2u.com.my)


at www.asnb.com.my

8. Amendment to Section 3.1.6 on pages 26 to 27 – “ASW 2020” under “INFORMATION OF THE FUNDS”


pertaining to “ASW 2020” on the “Category, Asset Allocation Strategy and Performance Benchmark” is



Asset Allocation

Strategy

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


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Performance

Benchmark





The benchmarks of the Fund is :



at www.asnb.com.my

9. Amendment to Section 3.1.7 on pages 29 to 30 - “ASM” under ‘INFORMATION OF THE FUNDS”


pertaining to “ASM” on the “Category, Asset Allocation Strategy and Performance Benchmark” is deleted



Asset Allocation

Strategy

Asset Allocation:



Minimum 5% of VOF in cash or liquid asset Note: The change of asset allocation strategy of the fund will take effect on May 1, 2018.

Performance

Benchmark








at www.asnb.com.my

10. Amendment to Section 3.1.8 on pages 32 to 33 – “ASD” under ‘INFORMATION OF THE FUNDS”


pertaining to “ASD” on the “Category, Asset Allocation Strategy and Performance Benchmark” is deleted





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Asset Allocation

Strategy

Asset Allocation:



Minimum 5% of VOF in cash or liquid asset Note: The change of asset allocation strategy of the fund will take effect on May 1, 2018.

Performance Benchmark

The performance of the Fund is benchmarked against the performance of other instruments that have similar features with that of the Fund. Being a fixed price fund, the return to Unit Holders will mainly be in the form of income distribution yield (if any).




11. Amendment to Section 3.1.9 on pages 35 to 36 – “AS 1Malaysia” under ‘INFORMATION OF THE FUNDS”


pertaining to “AS 1Malaysia” on the “Category, Asset Allocation Strategy and Performance Benchmark” is



Asset Allocation Strategy

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







12. Amendment to Section 3.1.10 on page 39 – “ASB 2” under ‘INFORMATION OF THE FUNDS”


to “ASB 2“ on the “Performance Benchmark” is deleted in its entirety and substituted with the following:



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13. New Section 3.3 on page 44 – “CHANGE IN BENCHMARK”

New Section 3.3 pertaining to “Change in Benchmark” on page 44 of the Principal Master Prospectus be

inserted as follows:

With effect from May 1, 2018, the benchmarks for fixed price funds and customized benchmarks for

variable price fund have been changed as follows:

FUNDS CURRENT CHANGED TO

FIXED PRICE FUNDS

ASB, ASW 2020, ASM, ASD

3-month KLIBOR Maybank 12-months fixed deposit rate

ASB 2, AS 1Malaysia 5-Year MGS

VARIABLE PRICE FUNDS

ASN, ASN Equity 2 80% FBM 100 : 20% 3-month KLIBOR 80% FBM 100 : 20% Maybank 12-months fixed deposit rate

ASN Imbang 1 50% FBM 100 : 50% 3-month KLIBOR 50% FBM 100 : 50% Maybank 12-months fixed deposit rate

ASN Equity 3 70% FBM 100 : 30% 3-month KLIBOR 80% FBM 100 : 20% Maybank 12-months fixed deposit rate

ASN Imbang 2 60% FBM 100: 40% 3-month KLIBOR 50% FBM 100 : 50% Maybank 12-months fixed deposit rate

ASN Sara 1 40% FBM 100 : 60% 3-month KLIBOR 30% FBM 100 : 70% Maybank 12-months fixed deposit rate

Note: (i) The use of Maybank 12-months fixed deposit rate is more appropriate as the benchmark component is widely

available to unit holders as compared to 3 months KLIBOR and 5 year MGS. (ii) For variable price funds, the new benchmarks align with the respective category and investment strategy of the

funds.

14. Additional information to Section 5.9 on page 74 – “LIST OF THE DEEDS ENTERED BETWEEN THE

MANAGER AND THE TRUSTEE

The following information under Section 5.9 on page 74 of the Principal Master Prospectus under “LIST OF

THE DEEDS ENTERED BETWEEN THE MANAGER AND THE TRUSTEE” be inserted as follows:

FUNDS DEED

Variable Price Funds

ASN Equity 2 The Deed dated 8 June 1999, made between the Manager, the Trustee and the Unit holders, together with the following Supplementary Deeds:

• 1 March 2018


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ASN Imbang 1 The Deed dated 24 September 2001, made between the Manager, the Trustee and the Unit Holders, together with the following Supplementary Deeds:

• 1 March 2018

ASN Umbrella : ASN Imbang 2 ASN Sara 1 ASN Equity 3

The Deed dated 11 March 2003, between the Manager, the Trustee and the Unit Holders, together with the following Supplementary Deeds:

• 1 March 2018

15. Additional information to Section 14 on page 126 – “LIST OF AGENTS”

The following information under Section 14 on page 126 of the Principal Master Prospectus under “LIST

OF AGENTS” be inserted as follows:

Bank Muamalat Malaysia Berhad

16. Principal Master Prospectus to Remain in Full Force Subject to Amendments

Subject only to the variations herein contained and such other alterations as may be necessary to make

the Principal Master Prospectus and the First Supplementary Master Prospectus consistent with this

Second Supplementary Master Prospectus, the Principal Master Prospectus and the First Supplementary

Master Prospectus shall remain in full force and effect and shall be read and construed and be enforceable

as if the terms of this Second Supplementary Master Prospectus was inserted therein by way of addition

or substitution as the case may be.

17. Consent

The Trustee and Solicitors have given and have not subsequently withdrawn their consent for the issue of

this Second Supplementary Master Prospectus.

second supplementary master prospectus · (sources: ) the benchmark is derived based strategic...

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