Date of Constitution Eastspring Investments Cash Management Fund May 2003 Eastspring Investments Islamic Income Fund... 8 February

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INVESTORS ARE ADVISED TO READ AND UNDERSTAND THE CONTENTS OF THIS MASTER PROSPECTUS. IF IN DOUBT, PLEASE CONSULT A PROFESSIONAL ADVISER. FOR INFORMATION CONCERNING CERTAIN RISK FACTORS WHICH SHOULD BE CONSIDERED BY

MANAGER

Eastspring Investments Berhad (531241-U)

TRUSTEE

Deutsche Trustees Malaysia Berhad

MASTER

PROSPECTUS

THIS MASTER PROSPECTUS IS DATED 15 JULY 2014 AND IS VALID UNTIL 14 JULY 2015

Comprising 25 funds: MONEY MARKET FUND

Eastspring Investments Cash Management Fund Eastspring Investments Islamic Income Fund BOND FUND

Eastspring Investments Bond Fund Eastspring Investments Bond Plus Fund Eastspring Investments Institutional Income Fund Eastspring Investments Enhanced Income Fund Eastspring Investments Dana Wafi

Eastspring Investments Dana al-Islah BALANCED FUND

Eastspring Investments Balanced Fund Eastspring Investments Asia Select Income Fund Eastspring Investments ASEAN al-Adiil Fund MIXED ASSET FUND

Eastspring Investments Dynamic Fund Eastspring Investments Dana Dinamik EQUITY FUND

Eastspring Investments Small-cap Fund Eastspring Investments Growth Fund Eastspring Investments Equity Income Fund Eastspring Investments MY Focus Fund

Eastspring Investments Asia Pacific Equity MY Fund Eastspring Investments Dana al-Ilham

Eastspring Investments Asia Pacific Shariah Equity Fund Eastspring Investments Dinasti Equity Fund

FEEDER FUND

Eastspring Investments Indonesia Equity MY Fund Eastspring Investments Global Emerging Markets Fund Eastspring Investments Global Basics MY Fund Eastspring Investments Global Leaders MY Fund

... ... Date of Constitution 29 May 2003 8 February 2007 Date of Constitution 29 May 2001 1 April 2013 7 April 2005 28 May 2007 21 February 2005 14 August 2002 Date of Constitution 29 May 2001 18 November 2005 28 October 2013 Date of Constitution 6 November 2003 25 February 2004 Date of Constitution 29 May 2001 29 May 2001 18 October 2004 1 March 2011 21 July 2005 14 August 2002 22 November 2007 26 October 2009 Date of Constitution 27 April 2011 11 January 2008 17 January 2007 23 March 2006 ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...

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PREFACE

Dear Investor,

At Eastspring Investments Berhad (“Eastspring”), we provide a broad range of unit trust funds to cater to the varying investment needs of our unit trust investors.

We are pleased to feature in this master prospectus, our range of unit trust funds comprising conventional and Shariah-compliant equity, balanced, mixed-assets, bond and money market funds.

You will find that Chapter 3: Key Data is a useful section of this master prospectus which will provide you with a summary of the respective Funds’ objective and investment strategy. The Key Data also sets out the investor’s profile which will give some indication as to whether any of our Funds would be suitable for your investment needs. All investments carry some form of risk. Please refer to Chapter 4: Risk Factors for further information on the specific risks of the Fund.

It is also important to note that there are fees and charges relating to the Fund such as sales charge, repurchase charge, annual management fee, annual trustee fee, switching fee, transfer fee and other expenses. The fees and charges are also set out in the Key Data section. You may buy or sell Units at any of our branches listed on page 339 or through our

Authorised Distributors listed on pages 340, 341 and 342.

Should you have any enquiries, you may contact our client services at 603-2332 1000 or our Authorised Distributors near you.

Yours faithfully for and on behalf of

Eastspring Investments Berhad

CHEAH LEE LING

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

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

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

RESPONSIBILITY

STATEMENTS

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

STATEMENT

OF DISCLAIMER

The Securities Commission Malaysia has authorized the Funds and a copy of this master prospectus has been registered with the Securities Commission Malaysia.

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ADDITIONAL STATEMENTS

No Units will be issued or sold based on this master prospectus later than one (1) year after the date of this master prospectus. Investors are advised to note that recourse for false or misleading statements or acts made in connection with this master prospectus is directly available through sections 248, 249 and 357 of the Capital Markets and Services Act 2007.

Eastspring Investments Islamic Trust (comprising Eastspring Investments Dana al-Ilham, Eastspring Investments Dana al-Islah and Eastspring Investments Dana Wafi), Eastspring Investments Dana Dinamik, Eastspring Investments Islamic Income Fund, Eastspring Investments Asia Pacific Shariah Equity Fund, Eastspring Investments Dinasti Equity Fund and Eastspring Investments ASEAN al-Adiil Fund have been certified as being Shariah-compliant by the Shariah advisers appointed for the Funds.

This master prospectus does not constitute an offer or solicitation by anyone in any country or jurisdiction other than in Malaysia. Accordingly, this master prospectus may not be used for the purpose of an offer or solicitation in any jurisdiction or in any circumstances in which such offer and solicitation is not authorized.

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01. DEFINITIONS 1

02. CORPORATE DIRECTORY 9

03. KEY DATA 15

General information 16

Fund information 18

Money market fund 18

Bond fund 20

Balanced fund 26

Mixed asset fund 30

Equity fund 32

Feeder fund 41

Fees, charges and expenses 50

Transaction details 56

Income distribution 61

Other information 63

04. RISK FACTORS 69

05. INFORMATION ON THE FUND 85

Eastspring Investments Cash Management Fund 86 Eastspring Investments Islamic Income Fund 87

Eastspring Investments Bond Fund 89

Eastspring Investments Bond Plus Fund 91

Eastspring Investments Institutional Income Fund 93 Eastspring Investments Enhanced Income Fund 94

Eastspring Investments Dana Wafi 96

Eastspring Investments Dana al-Islah 98

Eastspring Investments Balanced Fund 100

Eastspring Investments Asia Select Income Fund 102 Eastspring Investments ASEAN al-Adiil Fund 104

Eastspring Investments Dynamic Fund 106

Eastspring Investments Dana Dinamik 108

Eastspring Investments Small-cap Fund 110

Eastspring Investments Growth Fund 112

Eastspring Investments Equity Income Fund 114

Eastspring Investments MY Focus Fund 115

Eastspring Investments Asia Pacific Equity MY Fund 118

Eastspring Investments Dana al-Ilham 119

Eastspring Investments Asia Pacific Shariah Equity Fund 121 Eastspring Investments Dinasti Equity Fund 123 Eastspring Investments Indonesia Equity MY Fund 125 Eastspring Investments Global Emerging Markets Fund 126

DEFINITIONS

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“ACD” means M&G Securities Limited, the Authorised Corporate Director of M&G Investment Funds (1);

_______________

“Act” means the Capital Markets and Services Act 2007 as may be amended from time to time;

_______________

“Authorised Distributors” refers to Institutional Unit Trust Advisers (IUTA), Corporate Unit Trust Advisers (CUTA), Unit Trust Consultants (UTC), and the Manager and any other entities authorised by the Manager to market and distribute the Funds;

_______________

“BNM” means Bank Negara Malaysia; ________________

“Bursa Malaysia” means the stock exchange managed and operated by the Bursa Malaysia Securities Berhad; _______________

“Business Day”

means a day in which Bursa Malaysia is open for trading. The Manager may also declare certain Business Days as non-Business Days when

one or more of the foreign markets in which the Fund is invested therein is closed for trading; and/or one or more of the collective investment schemes in which the Fund is invested therein declared certain business days as non business days;

DEFINITIONS

In this master prospectus the following abbreviations or words shall have the following meanings unless expressly stated.

“COLL” refers to the appropriate chapter or rule in the Collective Investment Schemes Sourcebook issued by the Financial Conduct Authority (FCA) as amended or re-enacted from time to time;

_______________

“CSSF” means the Commission de Surveillance du Secteur Financier (Luxembourg financial supervisory authority);

_______________

“CUTA” means the Corporate Unit Trust Advisers licensed by the Securities Commission Malaysia and registered with the Federation of Investment Managers Malaysia to market and distribute unit trust funds;

_______________

“Date of Constitution” means the date of the first Prospectus of the Fund and is the date on which sales of the Fund were first made; the Date of Constitution is also the launch date of the Fund; ________________

“Deed” means the deeds or master deeds for the respective Funds and any other supplemental deeds and master supplemental deeds that may be entered into between the Manager and the Trustee and registered with the Securities Commission Malaysia;

_______________

“Deposits” means money placed with financial institutions in fixed deposit or current account;

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“DJIM APxJ Index” means the Dow Jones Islamic Market Asia Pacific ex-Japan Index;

_______________

“DJIM Great China Index” means the Dow Jones Islamic Market Greater China Index;

_______________

“EEA” means European Economic Area; _______________

“Eligible Market” means a market that is regulated by a regulatory authority; operates regularly; is open to the public and has adequate liquidity for the purposes of the Fund in question; _______________

“Eligible State” means any EU member state of the European Union (EU), any EU member state of the Organisation for Economic Co-operation and Development (OECD), and any other state which the board of directors of Schroder International Selection Fund deem appropriate;

_______________

“EPF” means the Employees Provident Fund;

_______________

“ETF” means exchange traded fund; _______________

“External Fund Manager” means Eastspring Investments (Singapore) Limited appointed for Eastspring Investments Asia Pacific Equity MY Fund;

“FBMS” means FTSE Bursa Malaysia EMAS Shariah Index;

_______________

“FBM100” means the FTSE Bursa Malaysia 100 Index;

_______________

“FBMKLCI” means FTSE Bursa Malaysia KLCI Index;

_______________

“FBMSC” means FTSE Bursa Malaysia Small Cap Index;

_______________

“FTSE Global Basics Composite Index” means the Financial Times Stock Exchange Global Basics Composite Index;

_______________ “financial institution”

if the institution is in Malaysia – i. licensed bank;

ii. licensed investment bank; or iii. Islamic bank;

if the institution is outside Malaysia, any institution that is licensed, registered, approved or authorised to provide financial services by the relevant banking regulator.

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“the Fund or Funds” means the following twenty five (25) funds covered under this master prospectus which are collectively called “the Funds” and individually called “the Fund”: Eastspring Investments Islamic Trust comprises of three

funds:-i) Eastspring Investments Dana al-Ilham Eastspring Dana al-Ilham ii) Eastspring Investments Dana al-Islah Eastspring Dana al-Islah iii) Eastspring Investments Dana Wafi Eastspring Dana Wafi Eastspring Investments Dana Dinamik Eastspring Dana Dinamik Eastspring Investments Islamic Income Fund Eastspring Islamic Income

Eastspring Investments Asia Pacific Shariah Equity Fund Eastspring Asia Pacific Shariah Equity Eastspring Investments Dinasti Equity Fund Eastspring Dinasti Equity

Eastspring Investments Master Trust comprises of five

funds:-i) Eastspring Investments Small-cap Fund Eastspring Small-cap ii) Eastspring Investments Growth Fund Eastspring Growth iii) Eastspring Investments Balanced Fund Eastspring Balanced iv) Eastspring Investments Bond Fund Eastspring Bond

v) Eastspring Investments Cash Management Fund Eastspring Cash Management Eastspring Investments Dynamic Fund Eastspring Dynamic

Eastspring Investments Equity Income Fund Eastspring Equity Income Eastspring Investments Institutional Income Fund Eastspring Institutional Income Eastspring Investments MY Focus Fund Eastspring MY Focus

Eastspring Investments Asia Pacific Equity MY Fund Eastspring Asia Pacific Equity MY Eastspring Investments Asia Select Income Fund Eastspring Asia Select Income Eastspring Investments Global Leaders MY Fund Eastspring Global Leaders MY Eastspring Investments Global Basics MY Fund Eastspring Global Basics MY Eastspring Investments Enhanced Income Fund Eastspring Enhanced Income Eastspring Investments Global Emerging Markets Fund Eastspring Global Emerging Markets Eastspring Investments Indonesia Equity MY Fund Eastspring Indonesia Equity MY Eastspring Investments Bond Plus Fund Eastspring Bond Plus

Eastspring Investments ASEAN al-Adiil Fund Eastspring ASEAN al-Adiil _______________

“GIA” means General Investment Account; _______________

“Greater China” includes People’s Republic of China, Hong Kong, Macau and Taiwan and other administrative regions managed by the People’s Republic of China;

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“Guidelines” means the Guidelines on Unit Trust Funds issued by the Securities Commission Malaysia as may be amended from time to time; ________________

“Investment Manager” means in relation to feeder funds managed by Eastspring Investments Berhad, the Investment Manager of the Target Fund. In the case of Eastspring Investments Global Leaders MY Fund and Eastspring Investments Global Basics MY Fund means the M&G Investment Management Limited, Eastspring Investments Global Emerging Markets Fund means the Schroder Investment Management (United Kingdom) Limited, and Eastspring Investments Indonesia Equity MY Fund means Eastspring Investments (Singapore) Limited; ________________

“IOSCO” means the International Organization of Securities Commissions; _______________

“IUTA” means an Institutional Unit Trust Advisers approved by the Securities Commission Malaysia and registered with the Federation of Investment Managers Malaysia to market and distribute unit trust funds;

_______________

“JCI” means the Jakarta Composite Index;

_______________

“Law” means the law on undertakings for collective investment dated 17 December 2010;

“liquid assets” means any permitted investments capable of being converted into cash within seven (7) days; _______________

“long-term” means a period of more than 5 years;

_______________

“Manager or We” means Eastspring Investments Berhad;

_______________

“medium-term” means a period of three (3) to five (5) years;

_______________

“MSCI” means Morgan Stanley Capital International;

_______________

“MSCI AC APxJ Index” means the Morgan Stanley Capital International All Country Asia Pacific ex Japan Index; _______________

“MSCI China Index” means the Morgan Stanley Capital International China Index; _______________

“MSCI EM Net TR USD” means Morgan Stanley Capital International Emerging Markets Net Total Return United States Dollar;

_______________

“MSCI India Index” means the Morgan Stanley Capital International India Index; _______________

“MSCI World Index” means Morgan Stanley Capital International World Index;

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“Net Asset Value (NAV) of the Fund” is determined by deducting the value of all the Fund’s liabilities from the value of all the Fund’s assets, at the valuation point. For the purpose of computing the annual management fee and annual trustee fee, the NAV of the Fund should be inclusive of the management fee and trustee fee for the relevant day; _______________

“NAV per Unit” means the NAV of the Fund divided by the number of units in circulation, at the valuation point; _______________

“Quant Shop MGS Short Index” means the Quant Shop Malaysian Government Securities Short Index; _______________

“Quant Shop MGS Medium Index” means the Quant Shop Malaysian Government Securities Medium Index; _______________

“RAM” means RAM Rating Services Berhad;

_______________

“Regulated Market” means a market within the meaning of Directive 2004/39/ EC of the European Parliament and of the Council of 21 April 2004 on markets in financial instruments or another regulated market, which operates regularly and is recognised and open to the public in an Eligible State;

_______________

“SAC” means the Shariah Advisory Council;

“SACSC” means the Shariah Advisory Council of the Securities Commission; _______________

“SC” means the Securities Commission Malaysia established under the Securities Commission Act 1993;

_______________

“Shareholder(s)” means the holder of one or more Shares of any class of any Sub-fund in the Prospectus of the Target Funds;

_______________

“Share(s)” means a share of the Target Fund in the capital of the SICAV; _______________

“Shariah” means Islamic Law comprising the whole body of rulings pertaining to human conducts derived from sources of the Shariah;

_______________

“Shariah adviser” means IBFIM; _______________

“Shariah-compliant” with respect to securities, means securities that are approved by the SACSC and/ or the Shariah adviser based on the interpretation of the Shariah by the SACSC and/or the Shariah adviser; _______________

“Shariah requirements” is a phrase or expression which generally means making sure that any human conduct must not involve any prohibition and that in performing that conduct all the essential elements that make up

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the conduct must be present and each essential element must meet all the necessary conditions required by the Shariah for that element;

_______________

“short-term” means a period of less than three (3) years;

_______________

“the SICAV” means in relation the Eastspring Investments and Schroder International Selection Fund, a Luxembourg investment company with variable capital (Société d’Investissement à Capital Variable) subject to Part one of the 2002 Law incorporated as a public limited liability company (Société anonyme);

_______________

“Special Resolution” means a resolution passed at a meeting of Unit Holders duly convened in accordance with the Deed and carried by a majority in number representing at least three-fourths of the value of the Units held by the Unit Holders voting at the Meeting in person or by proxy;

_______________

“Sub-fund” means a portfolio of assets invested according to a specific investment policy set out in the Eastspring Investments Prospectus, the Schroder International Selection Fund Prospectus and the M&G Investment Funds (1) Prospectus;

“sukuk1_{” means certificates of equal}

value which evidence undivided ownership or investment in the assets using Shariah principles and concepts endorsed by the SAC;

_______________

“the Target Fund” means the M&G Global Leaders Fund relating to Eastspring Investments Global Leaders MY Fund; the M&G Global Basics Fund relating to Eastspring Investments Global Basics MY Fund; the Schroder International Selection Fund Emerging Markets relating to Eastspring Investments Global Emerging Markets Fund; the Eastspring Investments – Indonesia Equity Fund relating to Eastspring Investments Indonesia Equity MY Fund and the Eastspring Investments – Dragon Peacock Fund relating to Eastspring Investments Asia Select Income Fund (for the avoidance of doubt, the Eastspring Investments Asia Select Income Fund is not a feeder fund); _______________

“transferable securities” means equities, debentures and warrants; _______________

“Trustee” means Deutsche Trustees Malaysia Berhad;

_______________

“UCITS” is an “undertaking for collective investment in transferable securities” within the meaning of Article 1(2)

__________________________

1 _{Extracted from the Securities Commission, Guidelines on Sukuk; Revised: 8 January 2014,} Effective: 8 January 2014

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of Council Directive 85/611/EEC of 20 December 1985, as amended; _______________

“UCI” is an “other undertaking for collective investment” within the meaning of the first and second indent of Article 1(2) of Council Directive 85/611/EEC of 20 December 1985, as amended;

_______________

“Unit(s)” means an undivided share in the beneficial interest and/or right in the Fund and a measurement of the interest and/ or right of a Unit Holder in the Fund and means a Unit of the Fund;

_______________

“Unit Holder(s) or you” means the person for the time being who is registered pursuant to the Deed as a holder of Units of the Fund; and

_______________

“UTC” means an Unit Trust Consultant registered with the Federation of Investments Managers Malaysia to market and distributes unit trust funds.

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CORPORATE DIRECTORY

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THE MANAGER

_______________________ NAME

EASTSPRING INVESTMENTS BERHAD COMPANY NO.

531241-U REGISTERED OFFICE 16th_{Floor, Wisma Sime Darby} Jalan Raja Laut

50350 Kuala Lumpur HEAD OFFICE

Level 12, Menara Prudential No. 10, Jalan Sultan Ismail 50250 Kuala Lumpur TELEPHONE NO. 603-2052 3388 FAX NO. 603-2070 6129 EMAIL cs.my@eastspring.com WEBSITE www.eastspringinvestments.com.my

THE MANAGER’S DELEGATE – EXTERNAL FUND MANAGER FOR EASTSPRING INVESTMENTS ASIA PACIFIC EQUITY MY FUND _______________________ NAME EASTSPRING INVESTMENTS (SINGAPORE) LIMITED COMPANY NO. 199407631H REGISTERED OFFICE No. 10, Marina Boulevard

#32-01 Marina Bay Financial Center Tower 2 Singapore 018983 TELEPHONE NO. 65-6349 9100 FAX NO. 65-6509 9813 WEBSITE www.eastspring.com.sg TRUSTEE _______________________ NAME

DEUTSCHE TRUSTEES MALAYSIA BERHAD

COMPANY NO. 763590-H

REGISTERED OFFICE/BUSINESS OFFICE Level 18-20, Menara IMC

No. 8, Jalan Sultan Ismail 50250 Kuala Lumpur TELEPHONE NO. 603-2053 7522 FAX NO. 603-2053 7526 TRUSTEE’S DELEGATE – CUSTODIAN _______________________ NAME

DEUTSCHE BANK (MALAYSIA) BERHAD

CORPORATE DIRECTORY

02.

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COMPANY NO. 312552-W REGISTERED OFFICE Level 18, Menara IMC No. 8, Jalan Sultan Ismail 50250 Kuala Lumpur HEAD OFFICE

Level 18-20, Menara IMC No. 8, Jalan Sultan Ismail 50250 Kuala Lumpur TELEPHONE NO. 603-2053 6788 FAX NO. 603-2031 8710

BOARD OF DIRECTORS OF THE MANAGER

_______________________ Guy Robert Strapp

(Chairman, non-independent director) Ho Yik

(Independent, non-executive director) Iskander bin Ismail Mohamed Ali (Independent, non-executive director) Tan Sri Datuk Abdul Rahim bin Haji Din (Non-independent, non-executive director) Cheah Lee Ling

(Non-independent, executive director) Julian Christopher Vivian Pull

(Non-independent, non-executive director)

INVESTMENT COMMITTEE OF THE FUNDS

_______________________ Ho Yik

(Independent member) Robert Yap Yen Choon (Independent member) Abdul Khalil bin Abdul Hamid (Independent member, for Shariah-compliant Funds only)

Cheah Lee Ling

(Non-independent member)

Tan Sri Datuk Abdul Rahim bin Haji Din (Non-independent member, for conventional Funds and Shariah-compliant Funds) SHARIAH ADVISER _______________________ NAME IBFIM COMPANY NO. 763075-W REGISTERED ADDRESS No. 149A, 149B, 151B Persiaran Raja Muda Musa 42000 Port Klang Selangor Darul Ehsan BUSINESS ADDRESS

3rd_{Floor, Menara Takaful Malaysia} Jalan Sultan Sulaiman

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TELEPHONE NO. 603-2031 1010 FAX NO. 603-2078 5250 WEBSITE www.ibfim.com

AUDIT AND COMPLIANCE COMMITTEE OF THE MANAGER _______________________ Ho Yik

(Independent)

Iskander bin Ismail Mohamed Ali (Independent)

Niall Dermot Grady (Non-independent)

COMPANY SECRETARY OF THE MANAGER

_______________________ NAME

Vijey a/l R. Mohana Krishnan (BC/V/143)

ADDRESS

RDL Corporate Services Sdn Bhd 16th_{Floor, Wisma Sime Darby} Jalan Raja Laut

50350 Kuala Lumpur TELEPHONE NO. 603-2694 9999 FEDERATION OF INVESTMENT MANAGERS MALAYSIA _______________________ ADDRESS 19-06-1, 6th_Floor PNB Damansara No. 19, Lorong Dungun Damansara Heights 50490 Kuala Lumpur TELEPHONE NO. 603-2093 2600 FAX NO. 603-2093 2700 EMAIL info@fimm.com.my WEBSITE www.fimm.com.my

AUDITORS OF THE MANAGER AND FOR EASTSPRING INVESTMENTS MASTER TRUST _______________________ NAME KPMG ADDRESS Level 10, KPMG Tower No. 8, First Avenue Bandar Utama 47800 Petaling Jaya Selangor

TELEPHONE NO. 603-7721 3388

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

TAXATION ADVISER FOR EASTSPRING INVESTMENTS MASTER TRUST _______________________ NAME KPMG Tax Services Sdn Bhd ADDRESS Level 10, KPMG Tower No. 8, First Avenue Bandar Utama 47800 Petaling Jaya Selangor

TELEPHONE NO. 603-7721 3388

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

COMPANY NO. 312552-W REGISTERED OFFICE Level 18, Menara IMC No. 8, Jalan Sultan Ismail 50250 Kuala Lumpur HEAD OFFICE

Level 18-20, Menara IMC No. 8, Jalan Sultan Ismail 50250 Kuala Lumpur TELEPHONE NO. 603-2053 6788 FAX NO. 603-2031 9822

REGISTRAR AND TRANSFER AGENT

_______________________ NAME

DEUTSCHE TRUSTEES MALAYSIA BERHAD

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COMPANY NO. 763590-H

REGISTERED OFFICE/ BUSINESS OFFICE Level 18-20, Menara IMC No. 8, Jalan Sultan Ismail 50250 Kuala Lumpur TELEPHONE NO. 603-2053 7522 FAX NO. 603-2053 7526 SOLICITORS _______________________ NAMES

MESSRS NAQIZ & PARTNERS ADDRESS

No. 42A, Lorong Dungun Damansara Heights 50490 Kuala Lumpur TELEPHONE NO. 603-2081 7888 PRINCIPAL BANKERS _______________________ NAME

ADDRESS

Level 18, Menara IMC No. 8, Jalan Sultan Ismail 50250 Kuala Lumpur TELEPHONE NO. 603-2053 6788

NAME

MALAYAN BANKING BERHAD ADDRESS

No. 100, Jalan Tun Perak 50050 Kuala Lumpur TELEPHONE NO. 603-2070 8833 NAME

STANDARD CHARTERED BANK MALAYSIA BERHAD

ADDRESS

Level 16, Menara Standard Chartered No. 30, Jalan Sultan Ismail

50250 Kuala Lumpur TELEPHONE NO. 603-2117 7777 NAME

HSBC BANK MALAYSIA BERHAD ADDRESS

No. 2, Leboh Ampang 50100 Kuala Lumpur TELEPHONE NO. 603-2075 3000

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KEY DATA

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KEY DATA

THIS SECTION IS ONLY A SUMMARY OF THE SALIENT INFORMATION ABOUT THE FUNDS, INVESTORS SHOULD READ AND UNDERSTAND THE WHOLE MASTER PROSPECTUS BEFORE MAKING ANY INVESTMENT DECISIONS.

GENERAL INFORMATION

Fund name Fund type

Shariah-compliant Funds EPF Members Investment Scheme Geographical coverage

MONEY MARKET FUND Eastspring Cash Management Income - Malaysia Eastspring Islamic Income Income Malaysia BOND FUND

Eastspring Bond Income - Malaysia

Eastspring Bond Plus Income - - Malaysia & Global Eastspring Institutional Income Income - - Malaysia Eastspring Enhanced Income Growth & income

- - Malaysia & Asia

Pacific

Eastspring Dana Wafi Income - Malaysia

Eastspring Dana al-Islah

Income Malaysia

BALANCED FUND

Eastspring Balanced Growth & income

- Malaysia

Eastspring Asia Select Income Growth & income - - Malaysia, China & India Eastspring ASEAN al-Adiil Growth & income - ASEAN

03.

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Fund name Fund type Shariah-compliant Funds EPF Members Investment Scheme Geographical coverage

MIXED ASSET FUND

Eastspring Dynamic Growth - Malaysia

Eastspring Dana Dinamik Growth & income Malaysia EQUITY FUND

Eastspring Small-cap Growth - Malaysia

Eastspring Growth Growth - Malaysia

Eastspring Equity Income

Income - Malaysia

Eastspring MY Focus Growth & income

- Malaysia

Eastspring Asia Pacific Equity MY

Growth - - Asia Pacific

Eastspring Dana al-Ilham

Growth Malaysia

Eastspring Asia Pacific Shariah Equity

Growth - Asia Pacific

Eastspring Dinasti Equity

Growth - Greater China

FEEDER FUND Eastspring Indonesia Equity MY Growth - - Indonesia Eastspring Global Emerging Markets

Growth - - Global Emerging

Markets Eastspring Global Basics MY Growth - - Global Eastspring Global Leaders MY Growth - - Global

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FUND INFORMATION

Eastspring Cash Management MONEY MARKET FUND

Fund Category/ Fund Type

Money market/income

Fund Objective The Fund seeks to provide a high level of liquidity with reasonable returns by investing in a portfolio of money market and other short-term debt instruments.

Investment Strategy

The Fund seeks to achieve its objective by investing in a portfolio of short-term money market instruments and short-term debentures.

Asset Allocation Up to 99% of the Fund’s NAV in permitted investments which have a remaining maturity period of not more than 365 days.

Up to 10% of the Fund’s NAV in permitted investments which have a remaining maturity period of more than 365 days but fewer than 732 days.

At least 1% of the Fund’s NAV in Deposits or liquid assets. Principal Risks Credit or Default risk

Interest rate risk Investor Profile Investors who

have low risk tolerance

adopt a short-term investment horizon Performance

Benchmark

Maybank overnight rate

Source: www.maybank2u.com.my

Note: The risk profile of the Fund is different from the risk profile of the performance benchmark.

Launch Date 29 May 2003

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Eastspring Islamic Income MONEY MARKET FUND

Shariah money market/income

Fund Objective The Fund seeks to provide liquidity and a steady income* stream by investing in money market instruments and short-term debentures which are Shariah-compliant.

The Fund seeks to achieve its objective by investing in a portfolio of short-term Islamic money market instruments and short-term sukuk.

Asset Allocation Up to 99% of the Fund’s NAV in permitted investments which have a remaining maturity period of not more than 365 days.

Up to 10% of the Fund’s NAV in permitted investments which have a remaining maturity period of more than 365 days but fewer than 732 days.

At least 1% of the Fund’s NAV in Islamic Deposits or Islamic liquid assets.

Principal Risks Credit or Default risk Interest rate risk Investor Profile Investors who:

seek liquidity and a steady income* stream have low risk tolerance

Benchmark

Maybank Islamic overnight rate Source: www.maybank2u.com.my

Launch Date 8 February 2007 Financial Year End 31 March

* Income will be reinvested into additional Units unless Unit Holder opts for the distribution to be paid out. Kindly refer to page 61 for more information on the mode of distribution.

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Eastspring Bond BOND FUND

Bond/income

Fund Objective The Fund seeks to provide investors with a steady stream of income* returns by investing principally in a portfolio of investment grade fixed income securities with exposure in non-investment grade fixed income securities which yield above average returns.

The Fund seeks to achieve its objective by investing in a portfolio of fixed income securities.

Asset Allocation Up to 99% of the Fund’s NAV in fixed income securities. Up to 99% of the Fund’s NAV in debt instruments issued by the government, government agencies and/or BNM. At least 1% of the Fund’s NAV in Deposits or liquid assets. Principal Risks Credit or Default risk

Interest rate risk Investor Profile Investors who:

seek a steady income* stream have low to medium risk tolerance adopt a medium-term investment horizon Performance

Benchmark

Quant Shop MGS Medium Index Source: www.quantshop.com

Financial Year End 31 December

(29)

Eastspring Bond Plus BOND FUND

Bond/income

Fund Objective The Fund seeks to provide a steady stream of income*. Investment

Strategy

The Fund seeks to achieve its objective by investing a minimum of 70% of the Fund’s NAV in fixed income securities. Not more than 30% of the Fund’s NAV may be invested in foreign fixed income securities. The fixed income securities comprise, amongst others, sovereign bonds and corporate bonds (listed and unlisted). The Fund may also invest in fixed income collective investment schemes as well as liquid assets.

Asset Allocation Minimum 70% of the Fund’s NAV in fixed income securities. Maximum 30% of the Fund’s NAV in fixed income collective investment schemes as well as liquid assets.

Principal Risks Credit or Default risk Counterparty risk

Interest rate risk

Countries or Foreign securities risk Currency risk

Income distribution risk Investor Profile Investors who:

seek a steady income* stream have low to moderate risk tolerance adopt a medium-term investment horizon Performance

Benchmark

Launch Date 1 April 2013 Financial Year End 31 March

(30)

Eastspring Institutional Income BOND FUND

Fund Category/ Type of Fund

Bond/income

Fund Objective The Fund seeks to provide a stable stream of income* by investing in fixed income securities.

The Fund seeks to achieve its objective by investing in a portfolio of fixed income securities.

Asset Allocation Up to 99% of the Fund’s NAV in permitted investments with portfolio maturing within 365 days.

Up to 30% of the Fund’s NAV in permitted investments with portfolio maturity exceeding 365 days.

At least 1% of the Fund’s NAV in Deposits or liquid assets. Principal Risks Credit or Default risk

Interest rate risk Investor Profile Investors who:

seek a stable income* stream have medium risk tolerance

Benchmark

Maybank overnight rate

Source: www.maybank2u.com.my

Launch Date 7 April 2005 Financial Year End 30 September

(31)

Eastspring Enhanced Income BOND FUND

Fixed income/growth and income

Fund Objective The Fund seeks to provide income* stream and an opportunity for capital appreciation by investing in a portfolio of Malaysian and foreign securities.

Note: The Fund’s focus is on income. Investment

Strategy

The Fund seeks to achieve its objective by investing in a portfolio comprising Malaysian fixed income securities and money market instruments as well as Malaysian and foreign equities and equity-related securities, and collective investment schemes that invest in the Asia Pacific markets.

Asset Allocation Up to 30% of the Fund’s NAV in equities and equity-related securities, and collective investment schemes.

The remaining of the Fund’s NAV in fixed income securities, Deposits and/or liquid assets.

At least 0.2% of the Fund’s NAV in Deposits or liquid assets. Principal Risks Credit or Default risk

Interest rate risk Security risk

Investor Profile Investors who:

seek a steady income* stream have medium risk tolerance

adopt a medium to long-term investment horizon Performance

Benchmark

70% Quant Shop MGS Medium Index + 30% MSCI AC APxJapan Index

Source: www.msci.com and www.quantshop.com

Financial Year End 30 September

(32)

Eastspring Dana Wafi BOND FUND

Shariah fixed income/income

Fund Objective The Fund seeks to generate stable income* by investing in Shariah-compliant fixed income securities.

The Fund seeks to achieve its objective by investing in a portfolio of sukuk.

Asset Allocation Up to 99% of the Fund’s NAV in sukuk and Islamic money market instruments issued by the government, government agencies and/or BNM.

At least 1% of the Fund’s NAV in Islamic Deposits or Islamic liquid assets.

Principal Risks Credit or Default risk Interest rate risk Investor Profile Investors who:

seek a stable income* stream have low to medium risk tolerance adopt a medium-term investment horizon Performance

Benchmark

Launch Date 21 February 2005 Financial Year End 31 March

(33)

Eastspring Dana al-Islah BOND FUND

Shariah fixed income/income

Fund Objective The Fund seeks to provide investors with a stable income* stream and an opportunity for capital appreciation from Shariah-compliant fixed income and equity securities.

The Fund seeks to achieve its objective by investing in a portfolio comprising primarily sukuk and partially Shariah-compliant equities and equity-related securities.

Asset Allocation Up to 99% of the Fund’s NAV in sukuk and Islamic liquid assets.

Up to 30% of the Fund’s NAV in Shariah-compliant equities and equity-related securities.

Principal Risks Credit or Default risk Interest rate risk Security risk Investor Profile Investors who:

seek a stable income* stream have low to medium risk tolerance adopt a medium-term investment horizon Performance

Benchmark

78% Quant Shop MGS Short Index + 22% FBMS

Source: www.quantshop.com and www.bursamalaysia.com Note: The risk profile of the Fund is different from the risk profile of the performance benchmark.

Launch Date 14 August 2002 Financial Year End 31 March

(34)

Eastspring Balanced BALANCED FUND

Fund Category/ Type of Fund

Balanced/growth & income

Fund Objective The Fund seeks to provide investors with capital appreciation and a reasonable level of current income* by investing in a mixed portfolio of companies with good dividend yield and low price volatility and a portfolio of investment grade fixed income securities.

Note: The Fund’s focus is on growth. Investment

Strategy

The Fund seeks to achieve its objective by investing in a balanced portfolio comprising equities and equity-related securities and fixed income securities.

Asset Allocation Up to 70% of the Fund’s NAV in equities and equity-related securities.

Up to 70% of the Fund’s NAV in fixed income securities. At least 1% of the Fund’s NAV in Deposits or liquid assets. Principal Risks Security risk

Credit or Default risk Interest rate risk Investor Profile Investors who

seek capital appreciation and income* have medium risk tolerance

adopt a medium-term investment horizon Performance

Benchmark

50% FBM100 + 50% Maybank 12-month fixed deposit rate Source: www.bursamalaysia.com and www.maybank2u.com.my Note: The risk profile of the Fund is different from the risk profile of the performance benchmark.

Financial Year End 31 December

(35)

Eastspring Asia Select Income BALANCED FUND

Balanced/growth & income

Fund Objective The Fund seeks to provide a stable income* stream and an opportunity for capital appreciation by investing primarily in a portfolio of Malaysian investment grade fixed income securities and a collective investment scheme primarily the Eastspring Investments – Dragon Peacock Fund, which invests in equities and equity-related securities of corporations which are incorporated in, or listed in, or operating principally from, or carrying on significant business in, or derive substantial revenue from, or whose subsidiaries, related or associated corporations, derive substantial revenue from the People’s Republic of China (PRC) and India.

Note: The Fund’s focus is on income. Investment

Strategy

The Fund seeks to achieve its objective by investing in securities consisting of:

Malaysian investment grade fixed income securities; and A collective investment scheme namely the Eastspring Investments – Dragon Peacock Fund, incorporated in Luxembourg.

Asset Allocation Up to 40% of the Fund’s NAV in the Eastspring Investments – Dragon Peacock Fund.

The remaining of the Fund’s NAV will be invested in fixed income securities.

At least 1% of the Fund’s NAV in Deposits or liquid assets. Principal Risks Security risk

Credit or Default risk Interest rate risk Investor Profile Investors who:

seek capital growth

want to participate in the India and China markets have medium to high risk tolerance

adopt a medium to long-term investment horizon

(36)

Eastspring Asia Select Income BALANCED FUND

Performance Benchmark

20% MSCI China Index + 20% MSCI India Index + 60% Quant Shop MGS Medium Index

Source: www.msci.com and www.quantshop.com

Launch Date 18 November 2005 Financial Year End 30 June

Eastspring ASEAN al-Adiil BALANCED FUND

Balanced (Shariah)/growth and income

Fund Objective The Fund seeks to provide capital appreciation and income* by investing in Shariah-compliant securities in the ASEAN markets. Note: The Fund’s focus is on growth and income. Investment

Strategy

The Fund seeks to achieve its objective by investing in Shariah-compliant equities and equity-related securities, such as rights and Shariah-compliant warrants, which are listed on the ASEAN exchanges.

The Fund also invests in domestic and/or foreign sukuk issued by corporations, financial institutions and governments of ASEAN member countries which are traded in the ASEAN markets or listed on the ASEAN exchanges. Corporations and financial institutions which issue sukuk shall have their business incorporated in the ASEAN member countries. Domestic sukuk which is issued by the corporations and financial institutions shall carry a rating of at least BBB3 by RAM or its equivalent rating by any other domestic rating agencies whilst foreign sukuk shall carry a rating of at least BB3 by Standard & Poor’s or its equivalent rating by any other global rating agencies. However, sukuk issued by governments need not be rated. The Fund’s investments may also include Islamic liquid assets.

(37)

Eastspring ASEAN al-Adiil BALANCED FUND

The Fund will invest in ASEAN markets where the regulatory authority is a member of IOSCO. The ASEAN markets where the Fund will invest in include but not limited to Indonesia, Malaysia, Singapore, Philippines and Thailand.

Asset Allocation 40% to 60% of the Fund’s NAV in Shariah-compliant equities and equity-related securities.

40% to 60% of the Fund’s NAV in sukuk and Islamic liquid assets.

Principal Risks Security risk Credit or Default risk Counterparty risk

Interest rate risk

Reclassification of Shariah status risk Investor Profile Investors who:

seek both capital appreciation and income* have a moderate risk tolerance

have a medium-term investment horizon Performance

Benchmark

50% DJIM ASEAN Index + 50% Maybank 12-month GIA Source: www.djindexes.com and www.maybank2u.com.my Note: The risk profile of the Fund is different from the risk profile of the performance benchmark.

Launch Date 28 October 2013 Financial Year End 30 June

(38)

Eastspring Dynamic MIXED ASSET FUND

Mixed Asset/growth

Fund Objective The Fund seeks to provide investors with capital appreciation by actively investing in equity and equity-related securities. For defensive consideration, the Fund may invest in debentures and money market instruments.

The Fund seeks to achieve its objective by adopting a flexible asset allocation strategy between the different asset classes of equities and equity-related securities, debentures and liquid assets, depending on the investment market outlook.

Up to 100% of the Fund’s NAV in debentures and liquid assets. Principal Risks Security risk

Credit or Default risk Interest rate risk Investor Profile Investors who:

seek capital appreciation

have medium to high risk tolerance adopt a medium-term investment horizon Performance

Benchmark

a) If 100% of the Fund’s NAV invested in equities and equity-related securities:

FBM100

b) If 100% of the Fund’s NAV invested in debentures and liquid assets:

Maybank 12-month fixed deposit rate

c) If invested in a mix of equities and equity-related securities, debentures and liquid assets:

50% FBM100 + 50% Maybank 12-month fixed deposit rate Source: www.bursamalaysia.com and www.maybank2u.com.my Note: The risk profile of the Fund is different from the risk profile of the performance benchmark.

Launch Date 6 November 2003 Financial Year End 30 June

(39)

Eastspring Dana Dinamik MIXED ASSET FUND

Mixed Asset (Shariah)/growth & income

Fund Objective The Fund seeks to provide investors with capital appreciation by actively investing in Shariah approved equities and equity-related securities. For defensive considerations, the Fund may invest in Shariah-approved debentures and money market instruments. Note: The Fund’s focus is on growth.

The Fund seeks to achieve its objective by adopting a flexible asset allocation strategy between the different asset classes of Shariah-compliant equities and equity-related securities, sukuk and Islamic liquid asssets depending on the investment market outlook.

Asset Allocation Up to 100% of the Fund’s NAV in Shariah-compliant equities and equity-related securities.

Up to 100% of the Fund’s NAV in sukuk and Islamic liquid assets.

Principal Risks Security risk Credit or Default risk Interest rate risk

have medium to high risk tolerance adopt a medium-term investment horizon Performance

Benchmark

a) If 100% of the Fund’s NAV invested in Shariah-compliant equities and equity-related securities:

FBMS

b) If 100% of the Fund’s NAV invested in sukuk and Islamic liquid assets:

Maybank 12-month (GIA) Tier II rate

c) If the Fund is investing in a mixture of Shariah-compliant equities and equity-related securities, sukuk and Islamic liquid assets:

(40)

Eastspring Dana Dinamik MIXED ASSET FUND

Source: www.bursamalaysia.com and www.maybank2u.com.my Note: The risk profile of the Fund is different from the risk profile of the performance benchmark.

Launch Date 25 February 2004 Financial Year End 30 September

Eastspring Small-cap EQUITY FUND

Equity (small-cap)/growth

Fund Objective The Fund seeks to provide investors with maximum capital appreciation by investing principally in small market capitalisation companies which will appreciate in value.

Note: The Fund will invest in small market capitalization companies at the point of acquisition.

The Fund seeks to achieve its objective by investing in equities and equity-related securities of companies with market capitalization of up to RM3 billion at the point of acquisition. Asset Allocation Up to 99% of the Fund’s NAV in securities of small

capitalization companies.

At least 1% of the Fund’s NAV in Deposits or liquid assets. Principal Risk Security risk

seek capital appreciation have higher risk tolerance

adopt a long-term investment horizon Performance

Benchmark

FBMSC

Source: www.bursamalaysia.com

(41)

Eastspring Growth EQUITY FUND

Equity/growth

Fund Objective The Fund seeks to provide investors with long-term capital appreciation by investing principally in larger companies which will appreciate in value.

The Fund seeks to achieve its objective by investing in equities and equity-related securities of undervalued companies which have good growth potential.

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

At least 1% of the Fund’s NAV in Deposits or liquid assets. Principal Risk Security risk

have medium to high risk tolerance

Benchmark

FBM100

(42)

Eastspring Equity Income EQUITY FUND

Equity/income

Fund Objective The Fund seeks to provide a stable income* stream with medium to long-term capital growth.

The Fund seeks to achieve its objective by investing in equities and equity-related securities of companies that have consistent track record of dividend distributions and prospects for capital growth or increase in future dividend distributions.

Up to 15% of the Fund’s NAV in fixed income securities. At least 1% of the Fund’s NAV in Deposits or liquid assets. Principal Risk Security risk

seek a stable income* stream and capital appreciation have medium risk tolerance

Benchmark

FBM100

Launch Date 18 October 2004 Financial Year End 30 June

(43)

Eastspring MY Focus EQUITY FUND

Equity/growth and income

Fund Objective The Fund seeks to provide investors with capital appreciation in the medium to long-term with an opportunity for income*, if any. Note: The Fund’s focus is on growth.

The Fund seeks to achieve its objective by employing a value-oriented investment style with bottom-up security selection. The investment approach is focused, by investing up to but not limited to 30 Malaysian stocks that are expected to provide medium to long-term capital appreciation and income* potential. Further, the Fund may minimise potential equity downside risk by allocating up to 30% of the Fund’s NAV into Malaysian fixed income securities, money market instruments and Deposits.

Pursuant to the Fund’s objective and strategy, the Manager is not constrained by market benchmarks i.e. the Manager is ‘benchmark-aware’ but is not compelled to invest in a stock that is a major constituent of a market barometer like the FTSE Bursa Malaysia KLCI Index, if the stock does not fulfil the Manager’s selection criteria. The Manager may also employ derivatives and derivative-related instruments and products to capitalise on the market’s upside potential and/or hedge against stock price declines.

Asset Allocation Minimum 70% of the Fund’s NAV in equities and equity-related securities.

Maximum 30% of the Fund’s NAV in fixed income securities, money market instruments and Deposits.

Maximum 10% of the Fund’s NAV in derivatives. Minimum 0.2% of the Fund’s NAV in Deposits or liquid assets.

Principal Risks Security risk Concentration risk

Credit or Default risk Interest rate risk

(44)

Eastspring MY Focus EQUITY FUND

seek capital appreciation have high risk tolerance

Benchmark

FBMKLCI

Launch Date 1 March 2011 Financial Year End 31 December

Eastspring Asia Pacific Equity MY EQUITY FUND

Equity/growth

Fund Objective The Fund seeks to provide medium to long-term capital growth. Investment

Strategy

The Fund seeks to achieve its objective by investing in equities and equity-related securities of companies in the local and Asia Pacific ex-Japan region with good capital growth potential. Asset Allocation At least 80% of the Fund’s NAV in equities and

equity-related securities.

At least 1% of the Fund’s NAV in Deposits or liquid assets. Principal Risks Security risk

Investor Profile Investors who: seek capital growth

want to participate in the Asia Pacific ex-Japan region have high risk tolerance

(45)

Eastspring Asia Pacific Equity MY EQUITY FUND

Performance Benchmark

MSCI AC APxJ Index Source: www.msci.com

Launch Date 21 July 2005 Financial Year End 31 March Other Information

External Fund Manager

Eastspring Investments (Singapore) Limited

Eastspring Dana al-Ilham EQUITY FUND

Shariah equity/growth

Fund Objective The Fund seeks to provide investors with high capital appreciation* from Shariah-compliant investments which have the potential of substantial value appreciation.

The Fund seeks to achieve its objective by investing in a portfolio of undervalued Shariah-compliant equities and equity-related securities with good growth potential.

Asset Allocation Up to 99% of the Fund’s NAV in Shariah-compliant equities and equity-related securities.

At least 0.2% of the Fund’s NAV in Islamic Deposits or Islamic liquid assets.

Principal Risks Security risk

Reclassification of Shariah status risk

(46)

Eastspring Dana al-Ilham EQUITY FUND

seek capital appreciation have high risk tolerance

Benchmark

FBMS

Launch Date 14 August 2002 Financial Year End 31 March

Eastspring Asia Pacific Shariah Equity EQUITY FUND

Fund Objective The Fund seeks medium to long-term capital appreciation by investing primarily in Shariah-compliant undervalued companies with potential for re-rating in the Asia Pacific ex-Japan region. Investment

Strategy

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

(47)

Eastspring Asia Pacific Shariah Equity EQUITY FUND

The Fund may also invest in the American Depository Receipts (ADRs) and Global Depository Receipts (GDRs), China ‘A’ shares and exchange traded derivatives (index and stock), subject to the approval of the Shariah adviser.

Asset Allocation At least 75% of the Fund’s NAV in Shariah-compliant equities and equity-related securities.

Up to 25% of the Fund’s NAV in sukuk.

At least 0.2% of the Fund’s NAV in Islamic Deposits or other Islamic liquid assets.

Principal Risks Security risk

Credit or Default risk Interest rate risk License risk

want to participate in the Asia Pacific ex-Japan region have high risk tolerance

adopt a long-term investment horizon Performance

Benchmark

DJIM APxJ Index

Source: www.djindexes.com

Launch Date 22 November 2007 Financial Year End 30 September

(48)

Eastspring Dinasti Equity EQUITY FUND

Fund Objective The Fund aims to provide investors with long-term capital appreciation by investing in Shariah-compliant investments with exposure to the Greater China region.

The Fund seeks to achieve its objective by investing primarily in Shariah-compliant equities and equity-related securities of companies based in the Greater China region which potentially offer attractive long-term value. These include Shariah-compliant securities of Greater China-based companies listed or to be listed on recognised exchanges of People’s Republic of China, Hong Kong and Taiwan, as well as other recognised exchanges such as in Malaysia, Singapore and the United States of America where the regulatory authority is a member of the IOSCO.

The Fund may minimise potential equity downside risk by investing the remainder of the Fund’s NAV not invested in Shariah-compliant equities and equity-related securities into Islamic financial instruments which include but not limited to sukuk and Islamic liquid assets.

Asset Allocation At least 70% of the Fund’s NAV in Shariah-compliant equities and equity-related securities.

The remaining of the Fund’s NAV not invested in the Shariah-compliant equities and equity-related securities will be invested in sukuk and Islamic liquid assets.

Principal Risks Security risk Credit or Default risk Interest rate risk

Counterparty risk License risk

Shariah-compliant derivative risk Prepayment and commitment risk Reclassification of Shariah status risk

Date of Constitution Eastspring Investments Cash Management Fund May 2003 Eastspring Investments Islamic Income Fund... 8 February

MASTER

PROSPECTUS

PREFACE

RESPONSIBILITY

STATEMENTS

STATEMENT

OF DISCLAIMER

ADDITIONAL STATEMENTS

TABLE OF CONTENTS

DEFINITIONS

DEFINITIONS

CORPORATE DIRECTORY

CORPORATE DIRECTORY

02.

KEY DATA

KEY DATA

03.