SECOND SUPPLEMENTARY MASTER PROSPECTUS DATED 1 APRIL 2015 ...€¦ · this second supplementary...

SECOND SUPPLEMENTARY MASTER PROSPECTUS DATED 1 APRIL 2015 FOR MASTER PROSPECTUS DATED 10 SEPTEMBER 2014

Manager:

AmInvestment Services Berhad (Company No. 154432-A)

Trustees: HSBC (Malaysia) Trustee Berhad (Company number: 001281-T) AmanahRaya Trustees Berhad (Company number: 766894-T)

Deutsche Trustees Malaysia Berhad (Company number: 763590-H)

This Second Supplementary Master Prospectus dated 1 April 2015 for Master Prospectus dated 10 September 2014 (“Second Supplementary Master Prospectus”) is to be read in conjunction with the Master Prospectus dated 10 September

2014 (“Master Prospectus”) and the Supplementary Master Prospectus dated 1 December 2014 which incorporates the following Funds:

Conventional Funds

MONEY MARKET FUNDS & SHORT TO MEDIUM TERM FIXED INCOME FUNDS AmCash Management (constituted on 28 November 1986) | AmIncome

(constituted on 17 January 2000) | AmIncome Plus* (constituted on 30 October 2001) | AmIncome Advantage (constituted on 18 May 2006) | AmIncome

Management (constituted on 2 December 2013)

FIXED INCOME FUNDS AmBond (constituted on 17 January 2000) |AmDynamic# Bond*(constituted on 11 September 2003) | AmIncome Extra (constituted on

10 May 2005) | AmIncome Reward (constituted on 18 May 2006) | AmTactical Bond (constituted on 29 October 2012)

MIXED ASSETS FUNDS AmBalanced* (constituted on 11 September 2003) | AmConservative* (constituted on 11 September 2003) | AmAustralia (constituted

on 15 March 2011)

EQUITY FUNDS AmTotal Return* (constituted on 23 November 1988) | AmCumulative Growth (constituted on 19 January 1996) | AmDividend Income*

(constituted on 18 March 2005) | AmMalaysia Equity* (constituted on 5 February 2010) | AmAsia Pacific Leisure Dividend (constituted on 29 February 2013) |

AmAsia Pacific ex Japan Total Return (constituted on 17 September 2013)

FEEDER FUNDS AmGlobal Property Equities Fund (constituted on 20 October 2005) | AmAsia-Pacific Property Equities (constituted on 27 June 2006) |

AmSchroder European Equity Alpha (constituted on 30 June 2006) | AmPan European Property Equities (constituted on 29 January 2007) | AmGlobal

Agribusiness (constituted on 2 April 2007) | AmGlobal Emerging Market Opportunities (constituted on 5 February 2008) | AmBRIC Equity (constituted on 4

September 2009) | AmAdvantage BRIC (constituted on 4 May 2010) | AmAdvantage Brazil (constituted on 23 May 2011) | AmAsia Pacific Equity Income

(constituted on 18 April 2012) | AmAdvantage Asia Pacific ex Japan Dividend (constituted on 1 August 2012)

FUND-OF-FUNDS AmAsia Pacific REITs (constituted on 18 July 2011) | AmDynamic Allocator (constituted on 23 April 2012)

REAL ESTATE (REITs) AmAsia Pacific REITs Plus## (constituted on 1 July 2013)

Shariah-Compliant Funds

MONEY MARKET FUNDS & SHORT TO MEDIUM TERM FIXED INCOME FUNDS AmAl-Amin* (constituted on 30 October 2001) | AmIslamic Fixed Income

Conservative (constituted on 9 January 2012)

FIXED INCOME FUNDS AmBon Islam* (constituted on 30 October 2001) | AmDynamic# Sukuk (constituted on 12 June 2012) | AmGlobal Sukuk (constituted on 3

August 2012)

MIXED ASSETS FUNDS AmIslamic Balanced* (constituted on 2 September 2004)

EQUITY FUNDS AmIttikal* (constituted on 19 October 1992) | AmIslamic Growth* (constituted on 2 September 2004) | AmIslamic Greater China (constituted on

27 January 2010) | AmASEAN Equity (constituted on 6 June 2011)

FEEDER FUNDS AmOasis Global Islamic Equity (constituted on 30 March 2006) | AmPrecious Metals (constituted on 20 September 2007) | AmCommodities

Equity (constituted on 25 March 2010)

* Funds approved under EPF Members’ Investment Scheme as at the date of the Prospectus # The word “Dynamic” in this context refers to the Fund’s investment strategy which is active

management, not buy-and-hold strategy ## The word “Plus” is used in the Fund’s name as the Fund is a continuation of the AmAsia Pacific REITs and the Fund may invest in listed equities in the real estate sector.

THIS SECOND SUPPLEMENTARY MASTER PROSPECTUS IS DATED 1 APRIL 2015 AND EXPIRES ON

9 SEPTEMBER 2015, WHICH COINCIDES WITH THE DATE OF EXPIRY OF THE MASTER PROSPECTUS.

INVESTORS ARE ADVISED TO READ AND UNDERSTAND THE CONTENTS OF THE MASTER PROSPECTUS, THE SUPPLEMENTARY MASTER PROSPECTUS AND THIS SECOND SUPPLEMENTARY MASTER PROSPECTUS. IF IN DOUBT,

PLEASE CONSULT A PROFESSIONAL ADVISER.

A copy of this Second Supplementary Master Prospectus, Supplementary Master Prospectus and Master Prospectus has been registered with the Securities Commission Malaysia who takes no responsibility for their contents. Registration does not indicate that the Securities Commission Malaysia recommends the units or assumes responsibility for the correctness of any statement made, opinion expressed or reports contained in the Second Supplementary Master Prospectus, Supplementary Master Prospectus and the Master Prospectus.

THIS IS A SECOND SUPPLEMENTARY MASTER PROSPECTUS DATED 1 APRIL 2015 WHICH HAS TO BE READ IN CONJUNCTION WITH THE MASTER PROSPECTUS DATED 10 SEPTEMBER 2014 AND THE SUPPLEMENTARY MASTER PROSPECTUS DATED 1 DECEMBER 2014.

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RESPONSIBILITY STATEMENTS This Second Supplementary Master Prospectus has been reviewed and approved by the directors of AmInvestment Services 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 authorized the Funds and a copy of this Second Supplementary Master Prospectus has been registered with the Securities Commission Malaysia.

The authorization of the Funds, and registration of this Second Supplementary Master Prospectus, Supplementary Master Prospectus and Master Prospectus should not be taken to indicate that the Securities Commission Malaysia recommends the Funds or assumes responsibility for the correctness of any statement made, opinion expressed or report contained in this Second Supplementary Master Prospectus, Supplementary Master Prospectus and Master Prospectus. The Securities Commission Malaysia is not liable for any non-disclosure on the part of AmInvestment Services Berhad, the management company responsible for the Funds and takes no responsibility for the contents in this Second Supplementary Master Prospectus, Supplementary Master Prospectus and Master Prospectus. The Securities Commission Malaysia makes no representation on the accuracy or completeness of this Second Supplementary Master Prospectus, Supplementary Master Prospectus and 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. ADDITIONAL STATEMENTS

No units of the Funds will be issued or sold based on this Second Supplementary Master Prospectus (to be read in conjunction with the Master Prospectus dated 10 September 2014 and the Supplementary Master Prospectus dated 1 December 2014) after 9 September 2015. AmAl-Amin, AmBon Islam, AmIslamic Balanced, AmIttikal, AmIslamic Growth, AmOasis Global Islamic Equity, AmPrecious Metals, AmCommodities Equity, AmIslamic Greater China, AmASEAN Equity, AmIslamic Fixed Income Conservative, AmDynamic Sukuk and AmGlobal Sukuk have been certified as being Shariah compliant by the Shariah adviser appointed for the Funds. Investors should note that they may seek recourse under the Capital Markets and Services Act 2007 for breaches of securities laws and regulations including any statement in this Second Supplementary Master Prospectus, Supplementary Master Prospectus and 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, Supplementary Master Prospectus and Master Prospectus or the conduct of any other person in relation to the Funds. This Second Supplementary Master Prospectus, Supplementary Master Prospectus and Master Prospectus does not constitute an offer or solicitation to anyone in any jurisdiction in which such offer or solicitation is not authorized or to any person to whom it is unlawful to make such offer or solicitation. An investment in a Fund is not a deposit of any bank. Neither returns nor repayments of capital are guaranteed by any member of the AmBank Group or its group of companies. An investment in a Fund carries with it a degree of risk. The value of units and the income from it, if any, may go down as well as up, and investors may not get back the amount invested. Investors should consider the risk factors set out under the heading Risk Factors in the Master Prospectus dated 10 September 2014.


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Statements made in this Second Supplementary Master Prospectus are based on the law and practice currently in force in Malaysia and are subject to changes in such law. No person has been authorized to issue any advertisement or to give any information, or to make any representations in connection with the offering, placing, subscription, sale, switching or redemption of units in the Funds other than those contained in this Second Supplementary Master Prospectus, Supplementary Master Prospectus and Master Prospectus and, if issued, given or made, such advertisement, information or representations must not be relied upon by an investor. Any purchase made by any person on the basis of statements or representations not contained in or inconsistent with the information and representations in this Second Supplementary Master Prospectus, Supplementary Master Prospectus and Master Prospectus will be solely at the risk of the investor. Investors may wish to consult their independent professional adviser about the suitability of these Funds for their investment needs. Investors in the Funds agree that personal details contained on the application form and data relating to them may be stored, modified and used in any other way by the Funds or the Manager or the Manager’s associated companies within the AmBank Group and its group of companies for the purposes of administering and developing the business relationship with the investor. The Funds have not been and will not be offered for sale or sold in the United States of America, its territories or possessions and all areas subject to its jurisdiction, or to United States persons, except in a transaction which does not violate the securities laws of the United States of America. Personal Data As part of our day to day business, we collect your personal information when you apply to open an account with us, subscribe to any of our products or services or communicate with us. In return, we may use this information to provide you with our products or services, maintain our records or send you relevant information. We may use your personal information for one or more of the following purposes, whether in Malaysia or otherwise:

a. Access and manage your application(s) for our products and services so that we can provide you with more and up to-date information such as improvements and new features to the existing products and services, development of new products and service and promotions by AmInvest and/or AmBank Group, which may be of interest to you;

b. Manage and maintain your account through regular updates, consolidation and improving the accuracy of our records. In this manner we can respond to your enquiries, complaints and to generally resolve disputes quickly so that we can improve our business and your relationship with us;

c. Conduct research for analytical purposes, data mining and analyse your transactions or use of products and services to better understand your current financial or investment position and future needs. We will also produce data, reports and statistics from time to time, however such information will be aggregated so that your identity will remain confidential. Sometimes it may be necessary if required, to verify your financial standing through credit reference or reporting checks;

d. Comply with the requirements of any law binding on us such as conducting anti-money laundering checks, crime detection or prevention, prosecution, protection or enforcement of our rights to recover any debt owing to us including transferring or assigning our rights, interests and obligations under any of your agreement with us;

e. Perform shared services within AmBank Group such as audit, compliance, legal, human resource and risk management including assessing financial risks;

f. Outsourcing of business and back-room operations within AmBank Group; and g. Any other purpose(s) that is required or permitted by any law, regulations, guidelines and/or relevant regulatory

authorities including with the respective trustee of the fund you invest in.

Investors are advised to read our latest or updated Privacy Notice (notice provided as required under the Personal Data Protection Act 2010) available on our website at www.aminvest.com. Our Privacy Notice may be revised from time to time and if there is or are any revision(s), it will be posted on our website and/or other means of communication deemed suitable by us. However any revision(s) will be in compliance with the Personal Data Protection Act 2010.


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Unless otherwise provided in this Second Supplementary Master Prospectus dated 1 April 2015 (“Second Supplementary Master Prospectus”), all the capitalized terms used herein shall have the same meanings ascribed to them in the Master Prospectus dated 10 September 2014 (“the Master Prospectus”). EXPLANATORY NOTE This Second Supplementary Master Prospectus has been issued to inform investors, amongst others, of the following:

The issuance of supplemental deeds for the Funds;

the update to the Manager’s board of directors and audit compliance committee;

the update to the investment committee;

the insertion of the disclosure on the Goods and Services Tax (“GST”);

the renaming of the Management Company for the Allianz BRIC Equity (the Target Fund of AmBRIC Equity);

the removal of repurchase charge/exit fee for AmAdvantage BRIC and AmAdvantage Brazil effective 1 April 2015;

the removal of AmBond from EPF Members’ Investment Scheme effective 1 April 2015; and

the changes to HSBC Trustee’s corporate profile. A. DEFINITIONS

Page 2 - 3 of the Master Prospectus

The insertion of the definition of “GST” as follows:

“GST Goods and services tax, which includes any tax payable on the supply of goods, services, or other things in accordance with the provisions of GST Law”

The insertion of the definition of “GST Law” as follows:

“GST Law The Goods and Services Tax Act 2014, subsidiary legislations, statutory orders and regulations governing the application of GST, as amended from time to time”

The insertion of the definition of “Repurchase charge/exit fee” as follows:

“Repurchase charge, exit fee means exit penalty which will be charged (if applicable) to reduce the negative impact suffered by the Fund as a result of redemption of units. This is to protect the interests of remaining Unit Holders”

B. CORPORATE DIRECTORY

Page 5 of the Master Prospectus

1. The information relating to the board of directors of the Manager is hereby deleted and replaced with the following:-

Board of Directors Kok Tuck Cheong (Non-Independent)


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Tai Terk Lin (Independent) (effective 15 December 2014) Mustafa Bin Mohd Nor (Independent) Datin Maznah Mahbob (Non-Independent) Harinder Pal Singh (Non-Independent) Mohd Fauzi Mohd Tahir (Non-Independent)

2. The information relating to the audit compliance committee of the Manager is hereby deleted and replaced with the

following:- Audit Compliance Committee Kok Tuck Cheong (Non-Independent) Tai Terk Lin (Independent) (effective 15 December 2014) Mustafa Bin Mohd Nor (Independent)

3. The information relating to the investment committee is hereby deleted and replaced with the following:-

Investment Committee Harinder Pal Singh (Non-Independent) Dato’ Mohd Effendi bin Abdullah (Non-Independent) Tai Terk Lin (Independent) (effective 15 December 2014) Mustafa Bin Mohd Nor (Independent) Dr. Frank Richard Ashe (Independent) (effective 16 February 2015)

C. KEY DATA OF THE FUNDS

Page 45 of the Master Prospectus – TARGET FUND INFORMATION

The information on the Target Fund of AmBRIC Equity is hereby changed to read as follows:

Name of Fund Name of Target Fund

Manager of Target Fund

Current information Revised information

AmBRIC Equity Allianz BRIC Equity Allianz Global Investors Luxembourg S.A.

Allianz Global Investors Europe GmbH (on or after 1 July 2014).

Allianz Global Investors GmbH (as of 28 November 2014) (formerly known as Allianz Global Investors Europe GmbH)

2 - 54 of the Master Prospectus – LIST OF CURRENT DEED AND SUPPLEMENTARY DEED The table under the “List of current deed and supplementary deed” is hereby modified by inserting the following supplemental deeds for each Fund as follows:

AmAl - Amin - 20th

Supplemental Deed dated 3 March 2015

AmIncome Plus - 20th


AmBon Islam - 20th


AmIslamic Balanced - 20th


AmTotal Return - 10th


AmIttikal - 9th


AmAustralia - 2nd

Supplemental Deed dated 25 February 2015

AmIslamic Growth - 20th


AmGlobal Property Equities Fund - 20th


AmOasis Global Islamic Equity - 20th


AmAsia-Pacific Property Equities - 20th


AmSchroder European Equity Alpha - 20th



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AmPan European Property Equities - 20th


AmCash Management - 8th


AmIncome - 18th


AmIncome Reward - 18th


AmIncome Extra - 18th


AmIncome Advantage - 18th


AmBond - 18th


AmCumulative Growth - 5th


AmDynamic Bond - 18th


AmConservative - 18th


AmBalanced - 18th


AmDividend Income - 18th


AmMalaysia Equity - 18th


AmIslamic Greater China - Supplemental Deed dated 25 February 2015

AmASEAN Equity - Supplemental Deed dated 25 February 2015

AmGlobal Agribusiness - 18th


AmPrecious Metals - 2nd


AmGlobal Emerging Market Opportunities - Supplemental Deed dated 25 February 2015

AmBRIC Equity - Supplemental Deed dated 25 February 2015

AmCommodities Equity - Supplemental Deed dated 25 February 2015

AmAdvantage BRIC - Supplemental Deed dated 25 February 2015

AmAdvantage Brazil - Supplemental Deed dated 25 February 2015

AmAsia Pacific REITs - 2nd


AmIslamic Fixed Income Conservative - Supplemental Deed dated 25 February 2015

AmDynamic Allocator - Supplemental Deed dated 25 February 2015

AmAsia Pacific Equity Income - 2nd


AmDynamic Sukuk - 3rd


AmAdvantage Asia Pacific ex Japan Dividend - Supplemental Deed dated 25 February 2015

AmGlobal Sukuk - Supplemental Deed dated 25 February 2015

AmTactical Bond - 2nd


AmAsia Pacific Leisure Dividend - Supplemental Deed dated 25 February 2015

AmAsia Pacific REITs Plus - 2nd


AmAsia Pacific ex Japan Total Return - Supplemental Deed dated 25 February 2015

AmIncome Management - Supplemental Deed dated 25 February 2015

Page 57 of the Master Prospectus –CHARGES 1. Effective 1 April 2015, the “repurchase charge/exit fee” for the following Funds is hereby modified to read as follows:

Name of Fund Repurchase charge/exit fee (% of the NAV per unit)


AmAdvantage BRIC Up to 1 if redeemed within 90 days of purchase

Nil AmAdvantage Brazil

2. Effective 1 April 2015, AmBond is no longer approved under EPF Members' Investment Scheme.

Page 57 and 59 of the Master Prospectus – CHARGES AND FEES AND EXPENSES The insertion of the disclosure on the Goods and Services Tax below the “Charges” and “Fees and Expenses” tables as follows: Note: All fees, charges and expenses disclosed in the Prospectus are expressed on a GST-exclusive basis. Accordingly, to the extent that services provided are subject to GST, the amount of GST payable on any related fees, charges and/or


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expenses will be payable by the Unit Holder and/or the Fund (as the case may be) in addition to the fees, charges and expenses disclosed in the Prospectus.

D. FUND’S DETAILED INFORMATION

Page 173 of the Master Prospectus – THE INFORMATION ON ALLIANZ BRIC EQUITY (THE TARGET FUND)

The write-up under the sub-heading “The management of the Target Fund” is deleted in its entirety and amended as follows:

Allianz Global Investors Fund (the “Company”) has appointed Allianz Global Investors GmbH (“Management Company”) to act as its management company, with responsibility for the day-to-day operations of the Company and investment management of the assets of the Company. The Management Company is an investment management company within the meaning of the German Investment Code and was incorporated as a limited liability company (Gesellschaft mit beschränkter Haftung) under the laws of the Federal Republic of Germany in 1955. Its registered office is located at Bockenheimer Landstrasse 42-44, 60323 Frankfurt/Main, Germany (Headquarter). The Management Company is consistently organized by function and has branches in several European countries. Its Luxembourg Branch – through which the Management Company partially operates - is located at 6A, route de Trèves, L-2633 Senningerberg. As at 31 December 2013 its subscribed and paid in capital amounted to EUR 49,900,700.00. The Management Company is part of AllianzGI Group and as of 31 December 2014, asset under management of AllianzGI Group was EUR 412 billion. The Management Company is responsible for all administrative duties required by Luxembourg law, in particular for the registration of the Company, for the preparation of documentation, for drawing-up distribution notifications, for processing and dispatching the prospectus and key investor information, for preparing financial statements and other investor relations documents, for liaising with the administrative authorities, investors of the Target Fund and all other relevant parties. The responsibilities of the Management Company also include bookkeeping and calculation of the net asset value of the shares, the processing of applications for subscription, redemption and conversion of shares, accepting payments, the safekeeping of the register of investors of the Company, and preparation and supervision of the mailing of statements, reports, notices and other documents to investors of the Target Fund.

E. FEES, CHARGES AND EXPENSES

Page 292 of the Master Prospectus –CHARGES 1. Effective 1 April 2015, the “repurchase charge/exit fee” for the following Funds is hereby modified to read as follows:

Name of Fund Repurchase charge/exit fee (% of the NAV per unit)


AmAdvantage BRIC Up to 1 if redeemed within 90 days of purchase

Nil AmAdvantage Brazil

2. Effective 1 April 2015, AmBond is no longer approved under EPF Members' Investment Scheme. Page 292 and 293 of the Master Prospectus – CHARGES AND FEES AND EXPENSES The insertion of the disclosure on the Goods and Services Tax below the “Charges” and “Fees and Expenses” tables of the Master Prospectus dated 10 September 2014 as follows: Note: All fees, charges and expenses disclosed in the Prospectus are expressed on a GST-exclusive basis. Accordingly, to the extent that services provided are subject to GST, the amount of GST payable on any related fees, charges and/or expenses will be payable by the Unit Holder and/or the Fund (as the case may be) in addition to the fees, charges and expenses disclosed in the Prospectus.


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Page 293 to 294 of the Master Prospectus – OTHER CHARGES The item (iii) (a) under “Other charges” is deleted in its entirety and amended as follows: iii. Fees related to services provided by the Manager

(a) Cheque writing facility fees - For AmCash Management investors only

If you are an AmCash Management investor and wish to subscribe for the cheque writing facility (CWF), we may charge the following fees by way of debiting your AmCash Management account:

RM11.25 (out of which RM7.50, which is cheque book fee is subject to GST) for a CWF cheque book of 25 pages; or

RM22.50 (out of which RM15.00, which is cheque book fee is subject to GST) for a CWF cheque book of 50 pages.

No fees are charged or restrictions placed on the number of CWF cheques that can be issued provided that each CWF cheque is issued for RM500 or more.

If more than three CWF cheques for less than RM500 are presented for payment in any calendar month, we may charge a fee for the fourth and each subsequent cheque. This fee is currently at RM5.00 per cheque. A fee of RM10.00 is charged if a stop payment of a CWF cheque is instructed. There will be an additional cheque processing fee of RM 0.50 (subject to GST) imposed on the issuer of the cheque. This fee is in addition to the existing stamp duty of RM0.15 per cheque leaf.

Page 294 – 295 of the Master Prospectus – ONGOING FEES AND EXPENSES The illustrations under this section are hereby deleted and replaced with the following:- a. Management fee/Management profit

Please refer to page 58-59 and 292-293 for management fee/management profit.

Feeder funds We charge a fee for managing the Fund. For the life of this Prospectus the management fee is up to 1.80% p.a. of the NAV of the Fund. The fee is calculated daily and paid monthly to us. From the illustration below, it shows that there is no double charging of management fee. An illustration of the management fee per day calculation and apportionment is as follows: (Assuming the Target Fund’s manager fee is 1.50% p.a. and the management fee of the Feeder Fund is 1.80% p.a. of the NAV of the Fund.)

RM

Investment in the Target Fund 190,000,000.00

Others (liquid assets) 10,000,000.00

NAV (before fees) 200,000,000.00

Management fee for the day is calculated as follows:

(Investments + Liquid Assets) x 1.80%

Number of Days in a year


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1. Charged by the Target Fund

Example : Estimated Fund size of Target Fund in their home currency was about USD 54,000,000

USD 54,000,000 x 1.50% = USD 2,219.18

365 days

2. Charged by the Feeder Fund

a) RM 190,000,000 x 0.30% = RM1,561.64 (rounded to 2 decimal points)

365 days

b) RM 10,000,000 x 1.80% = RM 493.15 (rounded to 2 decimal points)

365 days

= RM 2,054.79

3. GST applicable to the management fee for the day charged by the Feeder Fund

RM 2,054.79 x 6.00% = RM123.29 (rounded to 2 decimal points)

4. Management fee charged by the Feeder Fund inclusive of GST = RM2,054.79 + RM123.29

= RM2,178.08

For all other Funds We charge a fee for managing the Fund. For the life of the Master Prospectus dated 10 September 2014 the

management fee is up to 1.80% p.a. of the NAV of the Fund. An illustration of the management fee per day calculation and apportionment is as follows:

RM

Investment 90,000,000.00

Others (liquid assets) 10,000,000.00

NAV (before fees) 100,000,000.00

Management fee for the day is calculated as follows:

(Investments + Liquid Assets) x 1.80%

Number of Days in a year

RM 100,000,000 x 1.80% = RM4,931.51 (rounded to 2 decimal points)

365

A GST of 6.00% will be applicable to the management fee.

GST applicable to the management fee for the day = Management fee for the day x GST (%) = RM 4,931.51 x 6.00% = RM295.89(rounded to 2 decimal points)


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Management fee for the day charged by the Fund inclusive of GST = RM4,931.51 + RM295.89

= RM5,227.40

Page 295 of the Master Prospectus – TRUSTEES’ FEE The illustration under this section relating to the Trustees’ Fee is hereby deleted and replaced with the following:-

• Trustees’ fee

Please refer to page 58-59 and 292-293 for Trustee fee.

The Trustee is entitled to an annual trustee fee for acting as trustee to safeguard the interest of Unit Holders and as custodian of the Fund’s assets. This fee is calculated daily and paid monthly. An illustration of the trustee fee per day is as follows: Assuming the NAV of the Fund is RM100,000,000 and the trustee fee is 0.05% p.a. of the NAV of the Fund. A GST of 6.00% will be applicable to the trustee fee.

Trustee fee for the day = NAV of the Fund x trustee’s fee rate of the Fund (%) x 1/365 days

= RM 100,000,000 x 0.05% x 1/365 = RM 136.99 (rounded to 2 decimal points)

GST applicable to the trustee fee for the day = trustee fee for the day x GST (%) = RM 136.99 x 6.00% = RM8.22(rounded to 2 decimal points)

Trustee fee for the day charged by the Fund inclusive of GST = RM136.99+ RM8.22

= RM145.21 Page 295 of the Master Prospectus – FUND EXPENSES The insertion of the disclosure on the Goods and Services Tax under the last bullet point of “Fund Expenses” as follows:

Note: All fees, charges and expenses disclosed in the Prospectus are expressed on a GST-exclusive basis. Accordingly, to the extent that services provided are subject to GST, the amount of GST payable on any related fees, charges and/or expenses will be payable by the Unit Holder and/or the Fund (as the case may be) in addition to the fees, charges and expenses disclosed in the Prospectus.

F. TRANSACTION INFORMATION Page 296 of the Master Prospectus – MAKING AN INVESTMENT The illustration under this section is hereby deleted and replaced with the following:- Assuming an investor wants to invest a fixed investment amount of RM10,000 in the Fund. The entry charge is 5.00% of NAV is payable in addition to the amount invested of RM10,000. A GST of 6.00% will be applicable to the entry charge. The investor will need to pay the amount as illustrated below to the Manager:


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Items RM/units Explanation

(i) Amount to be invested (investment amount)

RM10,000

(ii) Units issued to investor 10,000 units RM10,000/RM1.0000 per unit

(iii) Entry charge incurred by investor RM500 RM10,000 x 5.00%

(iv) GST applicable to the entry charge RM30 RM500 x 6.00%

(v) Amount payable by investor RM10,530 RM10,000 + RM500 + RM30

Page 297 of the Master Prospectus – NAV PER UNIT OF THE CLASS(ES)

The illustration table under this section is hereby deleted and replaced with the following:-

Illustration: The following is a hypothetical example of the computation of the NAV per unit in Class currency at each valuation point based on the Multi Class Fund (MCF) Ratio:

Fund

(MYR) Class A Class B Class B Class B

Total (USD) (AUD) (MYR) (SGD)

Day 1 (launch date)

MYR

MYR

NAV of RM Class prior to launch date

A 20,000,000.00

20,000,000.00

Multi Class Fund (MCF) Ratio ^

100.00% 0.00% 0.00% 100.00% 0.00%

Add: Income (proportionate based on MCF^ ratio) B 20,000.00 - - 20,000.00 - Less: Administration expenses (proportionate based on MCF^ Ratio) C -2,000.00 - - -2,000.00 -

Net income/(loss) D=B+C 18,000.00 18,000.00

NAV before management fee, trustee fee and GST for the day E=A+D 20,018,000.00 - - 20,018,000.00 - Less: Management fee (% p.a.)

F

1.00% 1.50% 1.50% 1.50%

Management fee for the day

G=(ExF)/ 365

-822.66 - - -822.66 -

GST on management fee for the day (6%)

G1 -49.36 - - -49.36 -

Less: Trustee fee (% p.a.)

H 0.08%

Trustee fee for the day (proportionate based on MCF^ Ratio)

I=(ExH)/ 365 -43.88 - - -43.88 -


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GST on Trustee fee for the day (6%) I1

-2.63 - - -2.63 -

NAV J=(E-G-G

1-

I- I1)

20,017,081.47 - - 20,017,081.47 -

Units in circulation K 20,000,000.00 - - 20,000,000.00 -

NAV per unit in Class currency for Day 1 L=J/K USD1.0000 AUD1.0000 MYR 1.0009 SGD1.0000

Day 2

MYR USD AUD MYR SGD

Prior NAV of the Fund*

M 20,017,081.47 - - 20,017,081.47 -

Sales amount received for the Fund

N

5,000,000.00 5,000,000.00 20,000,000.00 5,000,000.00

Foreign Exchange (“FX”) translation on Day 1 (FX as per valuation day – using FiMM guidelines) O

3.00 3.00 1.00 2.50

MYR MYR MYR MYR MYR

Value of the Fund in base currency

P=(M+N)xO 82,517,081.47 15,000,000.00 15,000,000.00 40, 017,081.47 12,500,000.00

MCF ratio ^ Q 100.00% 18.18% 18.18% 48.49% 15.15%

Add: Income (proportionate based on MCF^ Ratio) R 60,000.00 10,908.00 10,908.00 29,094.00 9,090.00 Less: Administration expenses (proportionate based on MCF^ Ratio) S -4,000.00 -727.20 -727.20 -1,939.60 -606.00

Net income/(loss) T=R+S 56,000.00 10,180.80 10,180.80 27,154.40 8,484.00

NAV before management fee, trustee fee and GST for the day U=P+T

MYR 82,573,081.47

MYR 15,010,180.80

MYR 15,010,180.80

MYR 40,044,235.87

MYR 12,508,484.00

Class expenses

Less: Management fee (% p.a.)

V

1.00% 1.50% 1.50% 1.50%

Management fee for the day

W=(UxV)/ 365 -3,187.80 -411.24 -616.86 -1,645.65 -514.05

GST on management fee for the day (6%) W

1 -191.26 -24.67 -37.01 -98.74 -30.84

Less: Trustee fee (% p.a.)

X 0.08%

Trustee fee for the day (proportionate based on MCF^ Ratio)

Y=(UxX)/ 365 -180.98 -32.90 -32.90 -87.77 -27.41

GST on Trustee Fee for the day (6%)

Y1 -10.86 -1.97 -1.97 -5.27 -1.65


12

MYR MYR MYR MYR MYR

NAV Z=(U-W- W

1-Y-Y

1)

82,569,510.57 15,009,710.02 15,009,492.06 40,042,398.44 12,507,910.05

Units in circulation A1

5,000,000.00 5,000,000.00 40,000,000.00 5,000,000.00

NAV per unit in base currency

B1=Z/ A

1 MYR3.0019 MYR3.0019 MYR1.0011 MYR2.5016

FX translation on Day 2 (FX as per valuation day – using FiMM guidelines) C

1

3.01 3.02 1.00 2.51

NAV per unit in Class currency

D1= B

1/ C

1 USD0.9973 AUD0.9940 MYR1.0011 SGD0.9966

G. MANAGING THE FUND’S INVESTMENT Pages 320 of the Master Prospectus - THE INVESTMENT COMMITTEE The disclosure under “The Investment Committee” has been amended as follows:- The Investment Committee members are:- Tai Terk Lin (Independent) (profile as mentioned below) Mustafa Bin Mohd Nor (Independent) (profile as mentioned below) Mr. Harinder Pal Singh (profile as mentioned below) Dato’ Mohd Effendi bin Abdullah Dr. Frank Richard Ashe (Independent) Dato’ Mohd Effendi bin Abdullah is the Director/Head of Islamic Markets at AmInvestment Bank, and is responsible for Islamic investment banking and finance opportunities within AmInvestment Bank Group. Having joined the Bank in 1985, he has held management positions in Corporate Banking, Syndication, Structured Finance and Debt Capital Markets. He is one of the pioneers of the initial set-up of the Bank’s Islamic investment banking business in 1993 and is part of the team established to streamline the AmBank Group’s Islamic banking and finance activities across the Group in 2001. Dato’ Mohd Effendi has been an active committee member of the Islamic Capital Market Committee, the Malaysian Investment Banking Association (MIBA) and also sits on various working groups/committees at Bank Negara Malaysia, Securities Commission, Malaysia Accounting Standards Board and Association of Islamic Banking Institutions Malaysia. His most recent appointment is as Director on the Board of the Islamic Banking and Finance Institute Malaysia (IBFIM). Dato’ Mohd Effendi holds a Bachelors (Economics) degree majoring in Accounting and Financial Management from Macquarie University, Sydney, Australia and also holds the Capital Markets Services Representative’s License for the regulated activity of dealing in securities and advising on corporate finance. Dr. Frank Richard Ashe (Independent) was appointed as a member of the investment committee of AmInvestment Services Berhad on 16 February 2015. He has extensive experience in the investment management industry for more than 30 years. He was appointed as the executive director of Legal & General Asset Management, Australia from year 1993 to 1995 contributing in areas such as asset value protection and asset-liability and financial risk management. He was a visiting lecturer at the School of Economics in University of Technology, Sydney in year 1997 lecturing on Yield Curve Analysis and Fixed Interest Securities. Subsequently he became a visiting fellow in Macquarie University from year 1997 to 2001 lecturing in Risk and Portfolio Construction. From 1999 to 2001 he was in charge of the market risk management as a Senior Advisor in the asset management division of Manulife in Canada. He has been an Associate Professor of the Applied Finance Centre of Macquarie University from 2002 to 2014, at the same time he has been an independent consultant since year 2007. Dr. Frank Richard Ashe holds a Bachelor of Arts, First Class Honours, majoring in Actuarial Studies, Statistics, Pure Mathematics, and Applied Mathematics from Macquarie University, and a PhD in Operations Research from the University of New South Wales.


13

Pages 320 of the Master Prospectus - THE DIRECTORS The profile of Prof. Dr. Annuar Md Nassir is hereby deleted and replaced with the following:- Tai Terk Lin (Independent) was appointed to the board of directors of AmInvestment Services Berhad as an independent and non-executive director on 15 December 2014. He was previously the Group Chief Executive Officer of ICB Financial Group Holdings AG, the holding company of ICB Banking Group, and a Commissioner of PT Bank ICB Bumiputera. Before that, Tai was the executive director of Platinum Capital Management (Asia) and a Senior Vice President of DBS Bank in Singapore, heading their hedge funds and private banking business for their Asia and Malaysia market respectively. Tai holds a Master of Business Administration (MBA) from Cranfield University, United Kingdom. He has a Bachelor of Science with Education (B.Sc.Ed (Hons)) from the University of Malaya and holds the Certified Financial Planner (CFP) and the Financial Industry Certified Professional (FICP) from the Institute of Banking and Finance (IBF), Singapore. H. TRUSTEE

Pages 327 of the Master Prospectus – BOARD OF DIRECTORS

The profile of Mr Baldev Singh A/L Gurdial Singh is hereby deleted and replaced with the following:- Mr Piyush Kaul Pages 328 of the Master Prospectus – TRUSTEE’S DELEGATE The item “Trustee’s Delegate” is hereby deleted and replaced with the following:- Trustee’s Delegate The Trustee has appointed The Hongkong and Shanghai Banking Corporation Ltd as custodian of the quoted and unquoted local investments of the Fund. The assets of the Fund are held through their nominee company, HSBC Nominees (Tempatan) Sdn Bhd. If and when the Fund should invest overseas, HSBC Institutional Trust Services (Asia) Limited will be appointed as the custodian of the foreign assets of the Fund. Both The Hongkong And Shanghai Banking Corporation Ltd and HSBC Institutional Trust Services (Asia) Limited are wholly owned subsidiaries of HSBC Holdings Plc, the holding company of the HSBC Group. The custodian’s comprehensive custody and clearing services cover traditional settlement processing and safekeeping as well as corporate related services including cash and security reporting, income collection and corporate events processing. All investments are registered in the name of the Trustee or to the order of the Trustee. The custodian acts only in accordance with instructions from the Trustee. The Trustee shall be responsible for the acts and omissions of its delegate as though they were its own acts and omissions. However, the Trustee is not liable for the acts, omissions or failure of third party depository such as central securities depositories, or clearing and/or settlement systems and/or authorised depository institutions, where the law or regulation of the relevant jurisdiction requires the Trustee to deal or hold any asset of the Fund through such third parties. Trustee’s Delegates 1) The Hongkong And Shanghai Banking Corporation Limited (As Custodian) and assets held through HSBC Nominees

(Tempatan) Sdn Bhd (Co. No. 258854-D) No 2 Leboh Ampang 50100 Kuala Lumpur Telephone No: (603)2075 3000 Fax No: (603)2179 6488

2) HSBC Institutional Trust Services (Asia) Limited

6th Floor, Tower One HSBC Centre


14

No 1 Sham Mong Road Kowloon, Hong Kong Telephone No: (852)2822 1111 Fax No: (852)2810 5259

I. TAXATION Pages 331 - 335 of the Master Prospectus - TAXATION The tax adviser’s letter is hereby deleted in its entirety and replaced with the following: Deloitte Tax Services Sdn Bhd (formerly known as Deloitte KassimChan Tax Services Sdn Bhd) Level 16, menara LGB 1 Jalan Wan Kadir Taman Tun Dr. Ismail 60000 Kuala Lumpur 13

th March 2015

The Board of Directors AmInvestment Services Berhad Level 22, Bangunan AmBank Group No.55, Jalan Raja Chulan 50200 Kuala Lumpur Dear Sirs Taxation of the Fund and Unit Holders

AmCash Management

AmIncome

AmAl-Amin

AmIncome Plus

AmIncome Advantage

AmIslamic Fixed Income Conservative

AmBond

AmBon Islam

AmDynamic Bond

AmIncome Extra

AmIncome Reward

AmDynamic Sukuk

AmGlobal Sukuk

AmTactical Bond

AmIncome Management

AmConservative

AmBalanced

AmIslamic Balanced

AmAustralia

AmTotal Return

AmIttikal

AmCumulative Growth

AmIslamic Growth

AmDividend Income

AmMalaysia Equity

AmIslamic Greater China

AmASEAN Equity

AmAsia Pacific Leisure Dividend

AmAsia Pacific ex Japan Total Return

AmGlobal Property Equities Fund

AmAsia-Pacific Property Equities

AmPan European Property Equities

AmGlobal Agribusiness

AmCommodities Equity

AmPrecious Metals

AmSchroder European Equity Alpha

AmGlobal Emerging Market Opportunities

AmBRIC Equity

AmOasis Global Islamic Equity

AmAdvantange BRIC

AmAdvantage Brazil

AmAsia Pacific Equity Income

AmAdvantage Asia Pacific ex Japan Dividend

AmAsia Pacific REITs

AmDynamic Allocator

AmAsia Pacific REITs Plus


15

1. This letter has been prepared for inclusion in the Second Supplementary Master Prospectus dated 1st April 2015 in connection with the offer of units in the abovementioned Funds (each of the Funds are referred to hereinafter as “the Fund”).

The following is general information based on Malaysian tax law in force at the time of lodging the Second Supplementary Master Prospectus with the Securities Commission Malaysia and investors should be aware that the tax law may be changed at any time. To an extent, the application of tax law depends upon an investor’s individual circumstances. The information provided below does not constitute tax advice. The Manager therefore recommends that an investor consult his accountant or tax adviser on questions about his individual tax position.

2. Taxation of the Fund 2.1 Income Tax

As the Fund’s Trustee is resident in Malaysia, the Fund is regarded as resident in Malaysia. The taxation of the Fund is governed principally by Sections 61 and 63B of the Malaysian Income Tax Act, 1967 (“MITA”). Pursuant to the Section 2(7) of MITA, any reference to interest shall apply, mutatis mutandis, to gains or profits received and expenses incurred, in lieu of interest, in transaction conducted in accordance with the principles of Shariah. The effect of this is that any gains or profits received and expenses incurred, in lieu of interest, in transactions conducted in accordance with the principles of Shariah, will be accorded the same tax treatment as if they were interest. The income of the Fund in respect of dividends, interest or profits from deposits and other investment income (other than income which is exempt from tax) derived from or accruing in Malaysia is liable to Malaysian income tax (“income tax” or “tax”). The Fund may be receiving income such as exit fee which will be subject to tax at the prevailing tax rate applicable on the Fund. Gains on disposal of investments by the Fund will not be subject to income tax. The income tax rate applicable to the Fund is 25%. It has been gazetted in the Finance (No.2) Act 2014 on 30

th

December 2014 that with effect from year of assessment 2016, the income tax rate applicable to the Fund would be reduced to 24%. Tax exempt interest as listed in the Appendix attached received by the Fund are not subject to income tax. With effect from 1

st January 2014, Malaysia has fully moved to a single-tier income tax system. The Fund is not

liable to tax on any Malaysian sourced dividends paid, credited or distributed to the Fund under the single tier tax system, where the company paying such dividend is not entitled to deduct tax under the MITA. The tax deductibility of expenses incurred by the Fund against such dividend income will be disregarded. The Fund may receive Malaysian dividends which are tax exempt from investments in companies which had previously enjoyed or are currently enjoying the various tax incentives provided under the law. The Fund is not subject to income tax on such tax exempt dividend income. The Fund may also receive dividends, profits and other income from investments outside Malaysia. Income derived from sources outside Malaysia and received in Malaysia by a resident unit trust is exempted from Malaysian income tax. However, such income may be subject to foreign tax in the country from which the income is derived. Discount or profit received from the sale of bonds or securities issued by Pengurusan Danaharta Nasional Berhad or Danaharta Urus Sendirian Berhad within and outside Malaysia is exempted from the payment of income tax pursuant to Income Tax Exemption (No. 6) Order 2003.

Income received by the Fund from Sukuk Ijarah, other than convertible loan stock, issued in any currency by 1Malaysia Sukuk Global Berhad and Sukuk Issue which has been issued by the Malaysia Global Sukuk Inc is exempted from the payment of income tax.


16

Income derived from Sukuk Kijang is exempted from the payment of income tax pursuant to Income Tax (Exemption) Order 2013. For the purpose of this order, “Sukuk Kijang” means the Islamic Securities of nominal value of up to two hundred and fifty million United States dollars (USD$250,000,000) issued or to be issued in accordance with the Shariah principle of Ijarah by BNM Kijang Berhad. The tax treatment of hedging instruments would depend on the particular hedging instruments entered into. Generally, any gain or loss relating to the principal portion will be treated as capital gain or loss. Gains or losses relating to the income portion would normally be treated as revenue gains or losses. The gain or loss on revaluation will only be taxed or claimed upon realisation. Any gain or loss on foreign exchange is treated as capital gain or loss if it arises from the revaluation of the principal portion of the investment. Generally, income from distribution from Malaysia Real Estate Investment Trusts will be received net of withholding tax of 10%. No further tax will be payable by the Fund on the distribution. Distribution from such income by the Fund will also not be subject to further tax in the hands of the Unit Holders. Expenses being manager’s remuneration, maintenance of register of Unit Holders, share registration expenses, secretarial, audit and accounting fees, telephone charges, printing and stationery costs and postage, which are not allowed under the general deduction rules, qualify for a special deduction, subject to a minimum of 10% and a maximum of 25% of such expenses pursuant to Section 63B of the MITA.

2.2 Gains on Disposal of Investments

Gains on disposal of investments by the Fund will not be subject to income tax but where the investments represent shares in real property companies, such gains may be subject to Real Property Gains Tax (“RPGT”) under the RPGT Act, 1976. A real property company is a controlled company which owns or acquires real properties or shares in real property companies with a market value of not less than 75% of its total tangible assets. A controlled company is a company which does not have more than 50 members and is controlled by not more than 5 persons.

2.3 Goods and Service Tax (“GST”)

GST will commence from 1st

April 2015 and will replace the current sales and service tax regime. GST will apply at 6% on most goods and services with some exceptions. If it is determined that Fund is required to register for GST, any fees it charges to unitholders will be subject to GST at 6%.

The issuance of units by the Fund to investors will be exempt from GST. To the extent that the Fund invests in any financial services products (e.g. securities, derivatives, units in a fund or unit trust), the acquisition of these interests will be exempted from GST. To the extent that fees are charged to the Fund in relation to these products, these fees would be subject to 6% GST. The GST paid on acquisitions made by the Fund (e.g. fund manager fees, trustee fees etc.) would either unrecoverable in whole or in part and would be subject to further analysis to determine the extent that GST can be recovered.

3. Taxation of Unit Holders 3.1 Taxable Distribution

Unit Holders will be taxed on an amount equivalent to their share of the total taxable income of the Fund to the extent such income is distributed to them. Unit Holders are also liable to pay income tax on the taxable income distributions paid by the Fund. Taxable distributions carry a tax credit in respect of the tax chargeable on that part of the Fund. Unit Holders will be subject to tax on an amount equal to the net taxable distribution plus attributable underlying tax paid by the Fund. Income distributed to Unit Holders is generally taxable as follows in Malaysia :-


17

Unit Holders Malaysian Tax Rates Gazetted in the Finance (No. 2) Act 2014

Malaysian tax residents: Individual and non-corporate

Unit Holders Co-operative societies Trust bodies Corporate Unit Holders

i. A company with paid up capital in respect of ordinary shares of not more than RM2.5 million where the paid up capital in respect of ordinary shares of other companies within the same group as such company is not more than RM2.5 million (at the beginning of the basis period for a year of assessment)

ii. Companies other than

those in (i) above Non-Malaysian tax residents: Individual and non-corporate

Unit Holders Corporate Unit Holders and

trust bodies

Progressive tax rates ranging

from 0% to 26% Progressive tax rates ranging

from 0% to 25% 25% 20% for every first

RM500,000 of chargeable income

25% for chargeable income

in excess of RM500,000 25% 26% 25%

With effect from year of assessment 2015: Progressive tax rates ranging

from 0% to 25% Progressive tax rates ranging

from 0% to 24% With effect from year of assessment 2016: 24% 19% for every first

RM500,000 of chargeable income

24% for chargeable income

in excess of RM500,000 24% With effect from year of assessment 2015: 25% With effect from year of assessment 2016: 24%

The tax credit that is attributable to the income distributed to the Unit Holders will be available for set off against tax payable by the Unit Holders. There is no withholding tax on taxable distributions made to non-resident Unit Holders.


18

Non-resident Unit Holders may also be subject to tax in their respective jurisdictions and depending on the provisions of the relevant tax legislation and any double tax treaties with Malaysia, the Malaysian tax suffered may be creditable in the foreign tax jurisdictions.

3.2 Tax Exempt Distribution

Tax exempt distributions made out of gains from realisation of investments and other exempt income earned by the Fund will not be subject to Malaysian tax in the hands of Unit Holders, whether individual or corporate, resident or non-resident. All Unit Holders do not pay tax on that portion of their income distribution from the Fund’s distribution equalisation account.

3.3 Distribution Voucher

To help complete a Unit Holder’s tax returns, the Manager will send the Unit Holder a distribution voucher as and when distributions are made. This sets out the various components of the income distributed and the amount of attributable income tax already paid by the Fund.

3.4 Sale, Transfer or Redemption of Units

Any gains realised by a Unit Holder on the sale, transfer or redemption of his units are generally tax-free capital gains unless the Unit Holder is an insurance company, a financial institution or a person trading or dealing in securities. Generally, the gains realised by these categories of Unit Holders constitute business income on which tax is chargeable.

3.5 Reinvestment of Distribution

Unit Holders who receive their income distribution by way of investment in the form of the purchase of new units will be deemed to have received their income distribution after tax and reinvested that amount in the Fund.

3.6 Unit Splits Unit splits issued by the Fund are not taxable in the hands of the Unit Holders. 3.7 GST

The Unit Holders should not be subject to GST on the following:-

withdrawal / redemption from the Fund

income distribution from the Fund However, any fee-based charges related to buying and transfer of units charged to the Unit Holders should be

subjected to GST at the standard rate of 6%. Yours faithfully Yee Wing Peng Managing Director


19

Appendix Tax Exempt Interest Income of Unit Trusts

1. Interest or discount paid or credited to unit trusts in respect of the following will be exempt from tax: -

Securities or bonds issued or guaranteed by the government; or

Debentures or Islamic securities, other than convertible loan stock, approved by the Securities Commission Malaysia; or

Bon Simpanan Malaysia issued by the Central Bank of Malaysia.

2. Interest derived from Malaysia and paid or credited by any bank or financial institution licensed under the

Banking and Financial Institutions Act 1989 (BAFIA) or the Islamic Banking Act 1983 (IBA). The BAFIA and the IBA have been repealed with the coming into force of the Financial Services Act 2013 and Islamic Financial Services Act 2013 on 30

th June 2013. No amendment has been made to the Income Tax Act 1967 to reflect the above.

It has been gazetted in the Finance (No.2) Act 2014 on 30

th December 2014 that with effect from year of

assessment 2015, the exemption is extended to the interest derived from Malaysia and paid or credited by any bank or financial institution licensed under any development financial institution regulated under the Development Financial Institutions Act 2002 (DFIA).

3. Interest income derived from bonds, other than convertible loan stocks, paid or credited by any company listed

in Malaysia Exchange of Securities Dealing and Automated Quotation Berhad (“MESDAQ”) (now known as Bursa Malaysia Securities Berhad ACE Market).

4. Interest received in respect of bonds and securities issued by Pengurusan Danaharta Nasional Berhad within and

outside Malaysia.

5. Interest in respect of any savings certificates issued by the government.

6. Interest in respect of Islamic securities originating from Malaysia, other than convertible loan stock, issued in any currency other than RM and approved by the Securities Commission Malaysia or Labuan Financial Services Authority.

7. Interest in respect of Sukuk Wakala, other than a convertible loan stock, issued in any currency by Wakala Global

Sukuk Berhad. We, Deloitte Tax Services Sdn Bhd, being named as the tax adviser in the Second Supplementary Master Prospectus dated 1

st April 2015 for the Fund, in connection with the offer for sale of units in the Fund do hereby confirm that we

have consented to act in that capacity. We further confirm that we have given and have not subsequently withdrawn our consent to act as tax adviser and to the inclusion of our name and tax adviser’s letter in the form and context in which they appear in the Second Supplementary Master Prospectus. We make no representations or warranties as to the completeness or appropriateness of any other information contained in this Second Supplementary Master Prospectus. We have not authorised or caused the issue of the Second Supplementary Master Prospectus. For the avoidance of any doubt, except as stated in this Second Supplementary Master Prospectus, the Master Prospectus dated 10 September 2014 and the Supplementary Master Prospectus dated 1 December 2014 remain unchanged.

SECOND SUPPLEMENTARY MASTER PROSPECTUS DATED 1 APRIL 2015 ...€¦ · this second supplementary...

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