PNB Unit Trust

Permodalan Nasional Berhad (PNB), a GLC in leading investment institution with a diversified portfolio of interests that include unit trusts, institution property trust, property management and asset management.
Under it belt carried unit trust Funds like ASN, ASN2, ASN3, ASG-Pendidikan, ASG-Kesihatan, ASG-Persaraan, ASB, ASW2020, ASM and ASD. All of this funds trade with NAV per unit except for ASB, ASW2020, ASM and ASD which trade fixed at RM1.00 a unit. Out of this 4 fixed trade unit trust, ASB and ASD is only eligible to bumiputra. ASW2020 with approved size funds of 51% is eligible to bumiputra and for ASM is eligible to all Malaysian.

Details of ASM as follows,

1) Launched on 20th April 2000 with size fund of RM2bil
2) Current funds size is RM4bil
3) Trustee by Amanah Raya Berhad and the investment manager is PNB
3) Selling fixed at RM1.00/unit and buying fixed at RM1.00/unit with the minimum initial investment of 100 units and minimum additional investment of 1 unit
4) Financial end at 31st March
5) There are NO charges or fees like initial service charges, redemption fee and annual fees to the unitholders. The indirect fees and charges accur like administration, the management's fees, the trustee's fee, the auditor remuneration etc will be paid by the Fund.
6) Maximum investment is unlimited and subject to availability of units of the Fund.
7) Unlimited frequency of redemption and no cooling-off period.
8) Fees and expenses accured to the Fund as follows
8.1) Annual management fee - up to a maximum of 1% per annum of the value of the Fund calculated and accured monthly, as may be agreed between the trustee and manager.
8.2) Annual trustee's fee - RM300,000 or 0.08% per annum of the value of the Fund whichever is lower, calculated and accured monthly.

History and facts of ASM,

1) Launch at year 2000 with the size Fund of RM2bil sold out within 3 months. Additional RM1bil open to public last year and fully subscribe within 3 hours. Currently, on 22nd April 2006 additional of RM1bil avail and fully subscribe within 1hour 45 minutes (which agents and PNB branches experience 20min of system breakdown)
2) Dividend pay out by the Fund on year 2000/01 (7.8%), 2001/02 (7.0%), 2002/03 (6.6%), 2003/04 (7.0%), 2004/05 (7.2%) and 2005/06 (6.75%). The average dividend pay out is 7.06% annually.
3) Currently (22nd April 2006) additional of RM1bil Fund, a total of 32,687 investors successfully subscribed. More than 82% made an investment of less than RM50,000.00 each while another 11% invested less than RM1,000.00 each.