A unit trust fund is a vehicle which enables individuals, corporations and institutions that have common investment objectives to pool their money. Professional fund managers then use this pooled money to acquire investments they consider will help meet those objectives. These investments are collectively referred to as the fund's assets. As a safeguard for investors, the manager is not allowed to hold the fund's assets in its own name. Instead, a trustee is appointed to act as custodian of the assets.

In summary, a unit trust fund is a three-way relationship between:

1. a unitholder - who invests money in the fund by buying units.

2. a trustee - who is required to use due care in protecting the unitholders' rights and interests. The fund's assets are held by the trustee and the trustee receives all income from those assets.

3. a manager - who is responsible for setting and implementing the investment strategy and is also responsible for the proper administration of the fund.

Switching is allowed between funds managed by AmFunds Management Berhad subject to a fee. Please refer to the fund’s respective prospectus for more information.

Transfer of the fund units is allowed at the Manager’s discretion, subject to a fee. Please refer to the fund’s respective prospectus for more information.

Individual Investors

For a single applicant
The applicant must be 18 years of age and above.

For joint applicants
The first named applicant must be 18 years of age and above. The joint applicant can be of any age.

Corporate Investors

Companies, co-operatives, societies, sole proprietors, institutions, etc.

For most funds, the minimum amount is RM1,000. Please refer to the respective prospectus for more information.

For applicants applying for AmCash Management account without cheque writing facility:

• Account Opening form
• One (1) set of specimen signature card
• Pre-Investment form

For applicants applying for AmCash Management account with cheque writing facility:

• Account Opening form
• Three (3) sets of specimen signature card
• The "Biro Maklumat Cek" Declaration Form
• Pre-Investment form

For applicants of all other funds:

• Account Opening form
• One (1) set of specimen signature card
• Pre-Investment form

Individual investor

For a single applicant and first named joint applicants

• photocopy of National Registration Identity Card (NRIC) or passport

For joint named applicants

• photocopy of NRIC or passport of first applicant
• photocopy of NRIC or passport or birth bertificate of joint applicant

Corporate Investors

• a certified true copy of the Memorandum and Articles of Association or its equivalent
• a certified true copy of Form 24 and 49 or its equivalent
• an original copy of a Board Resolution approving investments in the fund or its equivalent
• list of authorised personnel to effect any instructions pertaining to the fund if not mentioned in the Board Resolution or its equivalent
• a copy of the latest audited Financial Statement of Accounts
• any other approvals required from relevant authorities

Payments can be made using cheque, draft, or money order made payable to:

"AmFunds Management Berhad - Trust A/C 1"

Applicants are to write their names and NRIC numbers or passport numbers at the back of the cheque, draft or money order.

You can either mail the application with complete documentation and payment to us or give it to any of our distributors for delivery to us. If we do not receive complete documentation with the payment, we reserve the right to reject the application. If you deposit payment into our account and do not notify or provide us with the complete documentation, we shall reject your application and hold such amount until claimed.

Note: Where payment is by cheque, the cheque must be issued by the investor. Third party cheque paymentmust be accompanied with a properly signed letter fromthe issuer of the cheque stating that he/she is aware that the cheque is used for investment in unit trust by the investor duly named in the case of bank draft ormoney order, a copy of the application for the bank draft or money order as approved by the relevant bank/post office must be submitted with the bank draft or money order. If the draft is applied by a third party, then a letter from the third party attesting to the use of the draft for the investment in unit trust by the investor must be submitted.

Please send the payment, application form and other relevant documentation to us, or hand them to one of our person dealing in unit trust or institutional unit trust agents for delivery to us.

Please do not mail cash.

You are required to complete a Transaction Form and forward it with payment as done under Question 5 above.

Regular savings plan/Autodebit plan (subject to terms & conditions)

You may make regular investments in the Fund by giving your bank a standing instruction. These payments must be for a minimum additional investment amount and can be made at regular intervals such as monthly, quarterly, half yearly and annually.

You are advised to notify us if you plan to make regular saving investment/autodebit plan in order to receive a copy of the latest Prospectus at each renewal date of the Prospectus to allow you to have updated information of the Funds.

You are also required to provide a copy of your bank pass book upon making regular saving investment/autodebit plan and deliver to us.

For Fixed Income, Equities, Mixed Asset Funds and Feeder Funds

All investments made through the regular savings and autodebit will be processed at the close of the Business Day (forward pricing) the Manager is notified of the investment by the relevant financial institution.

Automatic Teller Machine (ATM) investment (subject to terms & conditions)

For AmTotal Return, AmIttikal, AmCumulative Growth and AmCash Management
You will need to complete the necessary documentation available at the respective financial institutions to transfer minimum additional investment amounts from your savings account to your funds account with us.

You are advised to notify us if you plan to make ATM investment in order to receive a copy of the latest Prospectus at each renewal date of the Prospectus to allow you to have updated information on the funds.

All investments made through the ATM will be processed at the close of the Business Day (forward pricing) the Manager is notified of the investment by the relevant financial institution.

A regular savings plan is a cost-effective and systematic approach to accumulate assets in the long term. It is designed to take advantage of the dollar cost averaging concept by investing a fixed amount of money at regular time intervals (usually on a monthly basis) regardless of market fluctuations or whether the price of unit trust you are investing is low or high. Over a period ofmarket volatility, the average cost of investment is less than the average price of the fund because more units are bought when the price is low and fewer units when the price is high.

Over the long term, this strategy helps to smooth out the volatility of the market. Other benefits include prevention frominvesting a lump sum during theworstmarket condition and eliminates the need for “market-timing”.

You may withdraw all or part of your units on any business day subject to the following minimum withdrawal and minimum holding amount unless it is a complete withdrawal. Please refer to the respective fund’s prospectus for more information.

You can make a withdrawal by completing a transaction form. A repurchase notice can take any of the following forms provided the terms and conditions for such repurchase notice are adhered to.

The tick (v) indicates the repurchase notice available for a fund.

Withdrawal proceeds shall be paid by us in the following manner:-

• Transfer to a bank account nominated by you in writing ; or
• By cheque

No withdrawals will be paid in cash under any circumstances.

Please refer to the respective fund’s prospectus for more information.

For investments made under the EPF Members Investment Scheme, the maximum entry charge is 3% of the NAV per unit. Notwithstanding the maximum entry charge shown, investors are advised that they may negotiate for lower entry charge with the distributor prior to concluding the sales.

The annual management fee is to cover investment management and ongoing fund administration expenses, while the trustee is entitled to an annual trustee fee for acting as custodian of the fund's assets and safeguarding the unitholders interest.

Switching fee

You can switch all or some of your investments from one fund to another by simply completing a switching form. It should be noted that when you switch into a fund, the amount switched must meet the minimum application amount of that fund. You may be charged up to 6% of amount switched, per switch when you switch into any of the funds managed by us. However, we may at our discretion waive or vary the switching fee of any fund to an amount not exceeding 6% of amount switched, per switch.

Transfer fee

You can transfer all or some of your investments to another person by simply completing a transfer form and signed by both parties (transferor and transferee). A specimen signature card is also equired to be filled by the transferee. A fee of RM50may be charged to the transferor for each account transferred. However, in the case of a deceased person, the transfer fee of RM50 will be waived.

Fund expenses

The Manager and Trustee may be reimbursed out of each fund for any cost reasonably incurred in the administration of the funds. The fund expenses currently include but are not limited to commission payable to brokers (if any), audit fee, tax agent’s fee, printing and stationery, bank charges, investment committee fee for independent directors, lodgment/delivery fee for fund’s reports, and other expenses as permitted by the Deed.

Bank charges/fees

When withdrawals are made, you may incur bank charges/fees.

Fees related to services provided by the Manager

Please refer to the fund’s prospectus for further details.

The MER is the ratio of all the inherent costs incurred in operating the fund to the average NAV of the fund calculated on a daily basis. The MER which is paid directly from a fund includes the:

a. Manager's fee
b. Trustee's fee; and
c. Trust expenses.

A Fund's MER is calculated in accordance to the following formula:

MER = Fees of the Fund + recoverable expenses of the Fund
Average NAV of the fund calculated on a daily basis x 100%