Message from the Chief Executive Officer - .Message from the Chief Executive Officer ... risks and

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Transcript of Message from the Chief Executive Officer - .Message from the Chief Executive Officer ... risks and

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    Message from the Chief Executive Officer Dear Investors, Thank you for expressing an interest in our MAYBANK GLOBAL BOND FUND (the Fund). The Fund is a feeder fund that aims to maximise investment returns by investing in a target fund, the Templeton Global Bond Fund. The Fund will invest in the Class A (mdis) SGD H1 shares of the sub-fund of the Franklin Templeton Investment Funds that is, the Templeton Global Bond Fund (Target Fund). The Target Fund is an open-ended collective investment scheme domiciled in the Grand Duchy of Luxembourg and was launched on 28 February 1991. Its indicative asset allocation is as follows: At least 95% of the Funds Net Asset Value - Investments in the Shares of the Target Fund. 2% - 5% of the Funds Net Asset Value - Investments in liquid assets. The specific risks of investing in this Fund are currency risk, country risk, credit/default risk, concentration risk and investment manager risk and the specific risks associated with investing in the Target Fund are class hedging risk, counterparty risk, credit risk, credit-linked securities risk, defaulting fixed income securities risk, derivative risk, emerging markets risk, eurozone risk, foreign currency risk, interest rate risk, liquidity risk, low-rated or non-investment grade securities risk, market risk, sovereign debt risk, structured notes risk and swap agreement risk. These specific risks and other general risks are elaborated in Chapter 4 Risk Factors of the Prospectus. This Fund is suitable for investors: (i) who seek to maximise investment returns; (ii) who are willing to tolerate the risk associated with investing in non-investment grade

    securities; and (iii) with a Medium to Long Term investment horizon. Investors wishing to invest in the Fund will incur a sales charge of up to 1.00% of the NAV per Unit. Other fees and charges that may be incurred when you invest in the Fund are elaborated in Chapter 6 Fees, Charges and Expenses of the Prospectus. If you are interested in the Fund, have any queries or require further information, please contact our client servicing personnel at 03-2297 7888 (ext. 7806/ 7923) at anytime during office hours (8.45 a.m. to 5.45 p.m.) from Monday to Thursday and (8.45 a.m. to 4.45 p.m.) on Friday on a Business Day. Alternatively, you may contact our distribution branches detailed in Section 19 of this Prospectus or e-mail your enquiries to enquiries@maybank-am.com.

    We look forward to being of service to you. Best wishes,

    Nor Azamin bin Salleh Managing Director/Chief Executive Officer

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    Responsibility Statements

    This Prospectus has been reviewed and approved by the directors of Maybank Asset Management Sdn Bhd and they collectively and individually accept full responsibility for the accuracy of the information. Having made all reasonable enquiries, they confirm to the best of their knowledge and belief, there are no false or misleading statements, or omission of other facts which would make any statement in this Prospectus false or misleading.

    Statements of Disclaimer

    The Securities Commission Malaysia has authorized the Fund and a copy of this Prospectus has been registered with the Securities Commission Malaysia.

    The authorization, and the registration of this Prospectus, should not be taken to indicate that the Securities Commission Malaysia recommends the Fund or assumes responsibility for the correctness of any statement made or opinion or report expressed in this Prospectus.

    The Securities Commission Malaysia is not liable for any non-disclosure on the part of the Manager responsible for the Fund and takes no responsibility for the contents in this Prospectus. The Securities Commission Malaysia makes no representation on the accuracy or completeness of this Prospectus, and expressly disclaims any liability whatsoever arising from, or in reliance upon, the whole or any part of its contents.

    INVESTORS SHOULD RELY ON THEIR OWN EVALUATION TO ASSESS THE MERITS AND RISKS OF THE INVESTMENT. IN CONSIDERING THE INVESTMENT, INVESTORS WHO ARE IN DOUBT ON THE ACTION TO BE TAKEN SHOULD CONSULT THEIR PROFESSIONAL ADVISERS IMMEDIATELY. Additional Statements

    No Units of the Fund will be issued or sold on the basis of this Prospectus later than one (1) year after the date of this Prospectus.

    Investors are advised to note that recourse for false or misleading statements or acts made in connection with this Prospectus is directly available through sections 248, 249 and 357 of the Capital Markets and Services Act 2007.

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    Table of Contents

    (1) DEFINITIONS ................................................................................................... 1

    (2) CORPORATE DIRECTORY .................................................................................... 3

    (3) KEY DATA ...................................................................................................... 5

    (4) RISK FACTORS ................................................................................................10

    4.1 General Risks of Investing in the Fund .............................................................. 10 4.2 Specific Risks of the Fund ............................................................................. 11 4.3 Specific Risks of the Target Fund .................................................................... 12 4.4 Differences in Law ...................................................................................... 19

    (5) INFORMATION ON THE FUND .............................................................................20

    5.1 Investment Objective of MGBF........................................................................ 20 5.2 Performance Benchmark ............................................................................... 20 5.3 Investment Strategy .................................................................................... 20 5.4 Temporary Defensive Positions ....................................................................... 20 5.5 Asset Allocation ......................................................................................... 20 5.6 Investor Profile .......................................................................................... 21 5.7 Risk Management Strategies........................................................................... 21 5.8 Borrowings and Securities Lending ................................................................... 21 5.9 Permitted Investments ................................................................................. 21 5.10 Investment Restrictions ................................................................................ 21 5.11 Bases of Valuation Of Investments ................................................................... 22 5.12 Information on the Target Fund ...................................................................... 22

    (6) FEES, CHARGES AND EXPENSES ..........................................................................33

    6.1 Sales Charge .............................................................................................. 33 6.2 Redemption Charge ..................................................................................... 33 6.3 Transfer Fee .............................................................................................. 34 6.4 Switching Fee ............................................................................................ 34 6.5 Management Fee ........................................................................................ 34 6.6 Trustee Fee............................................................................................... 34 6.7 Fund Expenses ........................................................................................... 35

    (7) TRANSACTION INFORMATION .............................................................................37

    7.1 Valuation Point .......................................................................................... 37 7.2 Computation of NAV and NAV per Unit .............................................................. 37 7.3 Pricing of Units .......................................................................................... 38 7.4 Incorrect Pricing ......................................................................................... 39

    (8) TRANSACTION DETAILS ....................................................................................40

    8.1 How and where to Purchase and Redeem Units of the Fund .................................... 40 8.2 Investment................................................................................................ 40 8.3 Redemption of Units .................................................................................... 40 8.4 Transfer of Units ........................................................................................ 40 8.5 Switching between Funds .............................................................................. 40 8.6 Dealing Cut-Off Time for Investment and Redemption of Units ................................ 40 8.7 Notice of Cooling-off Period........................................................................... 41 8.8 Distribution of Income .................................................................................. 41 8.9 Anti-Money Laundering Policies and Procedures................................................... 41

    (9) THE MANAGEMENT AND ADMINISTRATION OF THE FUND...........................................43

    9.1 Background Information ................................................................................ 43 9.2 Functions, Duties and Responsibilities of the Manager ...........