Rhbim MP

Responsibility Statement
This Master Prospectus has been reviewed and approved by the directors of RHB
Investment Management Sdn Bhd (RHBIM) and they collectively and individually
accept full responsibility for the accuracy of the information. Having made all
reasonable inquiries, 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.

Statements of Disclaimer
The Securities Commission Malaysia has approved the issue of, offer for subscription
or purchase, or issue an invitation to subscribe for or purchase units of the unit trust
funds and a copy of this Master Prospectus has been registered with the Securities
Commission Malaysia.
The approval, 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 RHBIM who is responsible for the Funds and takes no responsibility for the
contents of 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.
Additional Statement
No units will be issued or sold on the basis of this Master Prospectus later than
17th May 2012.
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.
The RHB Mudharabah Fund, RHB Islamic Bond Fund, RHB Islamic Growth
Fund and RHB Islamic Cash Management Fund have been certified as being
Shariah compliant by the Shariah Adviser appointed for the Shariah funds.
PREFACE
Dear Valued Investor,

Thank you for considering to invest with RHB Investment Management Sdn Bhd (RHBIM).

With a full spectrum of investment solutions to meet your specific needs and objectives, we offer a
comprehensive range of conventional and Shariah Funds, ranging from equity to fixed income and
money market funds as well as a Fund-of-Funds and Feeder Funds.

Catering to diversified investor profiles, these Funds aim to achieve their respective objectives which
range from medium to long term capital appreciation or growth, income and growth, liquidity, income
yielding liquid investment to regular income. For more information on our family of Funds such as
their investment objectives, investment strategies and investor profiles, kindly refer to the Key
Features of the Funds chapter of this Master Prospectus.

As with any investment, there are risks involved in investing in our Funds. The general risks are
common to all Funds including loan financing risk, management risk, liquidity risk, non-compliance
risk and other variable factors. Meanwhile, specific risks are explicit to each Fund according to its
nature of investment assets. The principal risks in the Key Features of the Funds chapter lists the
specific risks for the respective funds, which include credit/default risk, interest rate risk, liquidity
risk, individual stock risk and stock market risk. The risks, both general risks as well as specific risks
of the investments are outlined in detail along with its mitigating factors in the Risk Factors chapter
of this Master Prospectus.

The Sales Charge varies for each Fund and a Repurchase Charge applicable for certain Funds will be
charged based on the NAV per unit of each Fund when investing in the Funds. A Management Fee
and Trustee Fee will also be chargeable to the Funds. These fees along with any other fees and/or
charges that may be incurred directly and/or indirectly to the investments in the Funds are stated in the
Key Features of the Funds chapter (Fees & Charges) of this Master Prospectus.

Investments in our Funds can be made directly at our offices, RHB Bank Berhads branches or with
any of our Approved Distributors. The list of distributors can be found in the Directory of Offices
and IUTA chapter at the back of this Master Prospectus.

Please read this Master Prospectus carefully in order to decide on the suitability of our Funds for you.
For more information, kindly contact our Customer Care Centre at 1-800-88-3656; our helpful
personnel will gladly assist you in making a decision that is balanced and well-informed.
Yours sincerely,
Managing Director
Table of contents
Section Page
1 GLOSSARY OF TERMS i
2 CORPORATE DIRECTORY v
3 KEY FEATURES OF THE FUNDS 1
3.1 Funds Information 1
3.2 Fees And Charges 14
3.3 Other Information For The Funds 20
3.4 EPF Approved Funds 23
4 DETAILED INFORMATION ON THE FUNDS 24
4.1 Fund Profile 24
4.2 Automatic Termination And Merger Of RHB GoldenLife Funds 89
4.3 Shariah Investment Guidelines 90
4.4 Authorised Investments Of The Funds 92
4.5 Investment Restrictions 94
4.6 Bases Of Valuation Of Investments Of The Fund 99
4.7 Policy In Respect Of Valuation Point 100
4.8 Policy On Gearing And Assets Of The Fund 101
4.9 Zakat Payment 101
5 FEES, CHARGES AND EXPENSES 102
5.1 Charges Of The Funds 102
5.2 Fees And Expenses Of The Funds 104
5.3 Policy On Rebates And Soft Commission 108
5.4 Other cost of investing in Feeder Funds 108
6 TRANSACTION INFORMATION 109
6.1 Determination Of Prices And Computation Of Net Asset Value 109
And Net Asset Value Per Unit
6.2 Basis Of Determining The Repurchase And Selling Prices 111
6.3 Unit Pricing And The Single Pricing Regime 112
6.4 Policy On Rounding Adjustments 113
6.5 Incorrect Pricing 113
6.6 Transaction Details 114
6.7 Switching Process 118
6.8 Distribution Channels 119
6.9 Distribution Policy And Payment 120
6.10 Policy On Unclaimed Moneys 120
7 PERFORMANCE OF THE FUNDS 121
8 HISTORICAL FINANCIAL HIGHLIGHTS OF THE FUNDS 140
8.1 Extract Of Financial Statements Of The Funds 140
8.2 Expenses Incurred By The Funds 150
9 RISK FACTORS 152
9.1 General Risks Of Investing In Unit Trust Funds 152
9.2 Specific Risks Of The Funds 153
9.3 Risk Management Strategies 174
10 THE MANAGEMENT AND ADMINISTRATION OF THE FUNDS 176
10.1 Corporate Profile Of RHB Investment Management Sdn Bhd 176
10.2 Financial Highlights 177
10.3 Profile Of The Board Of Directors and Managing Director 178
10.4 Profile Of The Key Management Staff 180
10.5 Profile Of The Investment Team 181
10.6 Profile Of The Investment Committee 181
10.7 Disclosure Of Material Litigation and Arbitration 182
10.8 The Shariah Adviser 182
11 EXTERNAL INVESTMENT MANAGER 184
11.1 UOB-OSK Asset Management Sdn Bhd (UOB-OSKAM) 184
11.2 RHB Islamic Asset Management Sdn Bhd (RHBIAM) 185
12 THE TRUSTEES OF THE FUNDS 186
12.1 Profile Of CIMB Trustee Berhad 186
12.2 Profile Of HSBC (Malaysia) Trustee Berhad 187
12.3 Profile Of Mayban Trustees Berhad 190
12.4 Profile Of OSK Trustees Berhad 192
12.5 Duties And Responsibilities Of The Trustees 195
12.6 Statement Of Responsibility By The Trustees 195
13 SALIENT TERMS OF DEED 196
13.1 Rights Of Unit Holders 196
13.2 Liabilities And Limitation Of Unit Holders 196
13.3 Maximum Fees And Charges Permitted By The Deed 197
13.4 Expenses Permitted By The Deed 203
13.5 Retirement, Removal Or Replacement Of The Manager 204
13.6 Power Of the Manager To Remove / Replace The Trustee 204
13.7 Retirement, Removal Or Replacement Of The Trustee 204
13.8 Power Of The Trustee To Remove, Retire Or Replace The Manager 205
13.9 Termination Of The Funds 205
13.10 Meetings Of Unit Holders 205
14 APPROVALS AND CONDITIONS 207
15 RELATED-PARTY TRANSACTIONS / CONFLICT OF INTEREST / 208
CROSS TRADES
16 TAXATION OF THE TRUSTS AND UNIT HOLDERS 210
17 ADDITIONAL INFORMATION 216
17.1 Unit Holders Services Toll - Free Hotline 1-800-88-3656 216
17.2 Information On Investment 216
17.3 Anti-Money Laundering Policy 217
17.4 Distribution Channels 217
18 CONSENTS 218
19 DOCUMENTS AVAILABLE FOR INSPECTION 219
20 LOAN FINANCING RISK DISCLOSURE STATEMENT 220
21 DIRECTORY OF OFFICES AND IUTA 221
22 APPLICATION FORM 222

i
1. GLOSSARY OF TERMS

In this Prospectus, the following abbreviations or words shall have the following definitions unless
stated otherwise:

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

Business Day means a day on which the Bursa Malaysia is open for trading and/or banks in Kuala
Lumpur are open for business. The Manager may declare certain business days to be a non business
day although Bursa Malaysia and/or the banks in Kuala Lumpur are open for business, if some foreign
markets in which the Funds are invested in are closed for business. This is to ensure that investors will
be given a fair valuation of those Funds at all times;

CMSA means the Capital Markets and Services Act 2007;

CPF means Central Provident Fund, Singapore;

CUTA means Corporate Unit Trust Advisers;

Days means calendar days unless otherwise stated;

Deed means the following master deeds relating to the Funds entered into between the Manager
and the Trustee and any supplemental(s) thereto:-
(a) RHBDF, RHBCF, RHBBF, RHBMDF, RHBINCF, RHBDVEF, RHBGTF, RHBATRF,
RHBGFF, RHBCMF and RHBGMMF are governed by a master deed dated 12 June 2008, a
supplemental master deed dated 25 August 2008, a second supplemental master deed dated 12
December 2008 and a third supplemental master deed dated 19 June 2009;
(b) RHBMF, RHBIBF, RHBIGF and RHBICMF are governed by a master deed dated 12 June
2008 and a first supplemental master deed dated 19 June 2009; and
(c) RHBGLF is governed by a master deed dated 12 June 2008, a first supplemental master deed
dated 25 August 2008 and a second supplemental master deed dated 19 June 2009.

By virtue of an investor purchasing Units and becoming a Unit Holder, he is deemed to have agreed to
be bound by the provisions of the relevant Deed(s);

Employees Provident Fund Board means the Malaysian Employees Provident Fund Board
established under section 3 of the Employees Provident Fund Act 1991;

EPF means the Malaysian Employees Provident Fund set up under section 24 of the Employees
Provident Fund Act 1991;

EPF Members Investment Scheme means the Investment schemes approved by the Minister
charged with responsibility for matters relating to the Employees Provident Fund Board, subject to
such terms and conditions as he thinks fit, which the Employees Provident Fund Board may, subject
to any regulations and rules made under the Employees Provident Fund Act 1991, authorize an
application for investment, made by a member of the EPF, partly any amount standing to the credit of
such member of the EPF;

External Investment Manager means UOB-OSK Asset Management Sdn Bhd, the external
investment manager for RHBDVEF; and RHB Islamic Asset Management Sdn Bhd, the external
investment manager for RHBMF, RHBIBF, RHBIGF and RHBICMF;

FBM KLCI means the FTSE Bursa Malaysia KLCI Index;

ii
Funds means the following unit trust schemes covered by this Prospectus collectively known as the
Funds and individually the Fund:-

Name of the Fund Abbreviation

Local RHB Dynamic Fund RHBDF
Conventional : RHB Capital Fund RHBCF
RHB Bond Fund RHBBF
RHB Malaysia DIVA Fund RHBMDF
RHB Income Fund RHBINCF
RHB GoldenLife Funds RHBGLF
RHB GoldenLife Today RHBGLF Today

RHB GoldenLife 2020 RHBGLF 2020
RHB GoldenLife 2030 RHBGLF 2030
RHB Cash Management Fund RHBCMF

Local RHB Mudharabah Fund RHBMF
Shariah : RHB Islamic Bond Fund RHBIBF
RHB Islamic Growth Fund RHBIGF
RHB Islamic Cash Management Fund RHBICMF

Foreign : RHB Dividend Valued Equity Fund RHBDVEF
RHB Global Themes Fund RHBGTF
RHB Asian Total Return Fund RHBATRF
RHB Global Fortune Fund RHBGFF
RHB Global Multi Manager Fund RHBGMMF

Government means the Government of Malaysia;

Guidelines means the Guidelines on Unit Trust Funds issued by the SC as may be amended from
time to time, including the guidance notes and circulars issued pursuant thereto;

IUTA means an Institutional Unit Trust Adviser licensed by the SC (where necessary) and
registered with the Federation of Investment Managers Malaysia (FIMM) (formerly known as
Federation of Malaysian Unit Trust Managers) to market and distribute unit trust funds;

KWSP means the Kumpulan Wang Simpanan Pekerja;

Long term means 5 years and above;

Low Load Fund means a Fund with Sales Charge of up to 2%;

NAV means in relation to a Fund, the Net Asset Value of that Fund;

Net Asset Value of the Fund or NAV of the Fund is determined by deducting the value of all a
Funds liabilities from the value of all that Funds 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;

Net Asset Value per Unit or NAV per Unit is the NAV of the Fund at a particular valuation
point divided by the number of Units of that Fund in circulation at the same valuation point;

Non-Resident is as defined under the Exchange Control of Malaysia Notices (ECM Notices) issued
by Bank Negara Malaysia;

iii
Normal Load Fund means a Fund with Sales Charge of up to 6%;

Medium term means 3 to 5 years;

MER means the management expense ratio of a Fund which is the ratio of the sum of the fees and
the recovered expenses of a Fund to the average value of that Fund calculated on a daily basis;

MSCI means the Morgan Stanley Capital International Inc., a provider of equity (international and
United States of America), fixed income and hedge fund indices;

MSCI World (Net) means the MSCI index of world or global stocks maintained by MSCI and a
common benchmark for world or global stock funds;

Performance Benchmark means the benchmark against which the performance of a Fund can be
measured;

PIMCO means Pacific Investment Management Company, LLC;

Portfolio Turnover Ratio means the ratio of the average sum of acquisitions and disposals of a
Fund for the year to the average value of that Fund for the year calculated on a daily basis

The portfolio turnover ratio of the Fund is determined as follows:-

(Total acquisitions of the Fund for the year + Total disposals of the Fund for the year)/2
Average value of the Fund for the year calculated on a daily basis

RAM means the Rating Agency of Malaysia Berhad;

RCM means RCM Capital Management LLC;

Repurchase Charge means fee payable by an investor for his/her redemption of units. It is
represented as a percentage of the NAV per unit;

Resident is as defined under the Exchange Control of Malaysia Notices (ECM Notices) issued by
Bank Negara Malaysia

RHBIAM or External Investment Manager means RHB Islamic Asset Management Sdn Bhd
(Company No. 917852-K);

RHBIM or Manager or Management Company means RHB Investment Management Sdn
Bhd (Company No. 174588-X);

RHB GoldenLife Funds means the umbrella fund comprising of the following sub-funds:-
(a) RHB GoldenLife Today;
(b) RHB GoldenLife 2020; and
(c) RHB GoldenLife 2030;

RM and Sen means Ringgit Malaysia and Sen respectively;

Sales Charge means a fee payable by an investor for his/her purchase of units. It is represented as a
percentage of the NAV per unit;

SC means the Securities Commission of Malaysia;

SGD means the Singapore Dollar, the lawful currency of Singapore;

iv
Securities Laws means the Capital Markets & Services Act 2007 and unless expressly stated
otherwise, include any regulations, orders, notifications or other subsidiary legislation made under
those laws;

Shariah Adviser means RHB Islamic Bank Berhad (appointed for the Shariah Funds i.e. RHBMF,
RHBIBF, RHBIGF and RHBICMF);

Short term means less than 3 years;

Target Fund means the target fund(s) or underlying fund(s) which a Fund may invest in;

Trustee means the respective trustee of a Fund, being the following:-
(a) CIMB Trustee Berhad;
(b) HSBC (Malaysia) Trustee Berhad;
(c) Mayban Trustees Berhad; and
(d) OSK Trustees Berhad.

Unit or Units in relation to a Fund, means unit of that Fund and where applicable includes a
fraction of a unit;

UIC means Units in circulation i.e. the total number of Units in issue for a Fund at a point in time;

Unit Holder means in relation to a Fund, the person for the time being who is registered pursuant
to the Deed as a holder of Units of that Fund; and

USD means the United States Dollar, the lawful currency of United States of America.

v
2. CORPORATE DIRECTORY

MANAGER
RHB INVESTMENT MANAGEMENT SDN BHD
Head Office
Level 7, Tower One
RHB Centre
Jalan Tun Razak
50400 Kuala Lumpur
Wilayah Persekutuan
Malaysia
Hotline: 1-800-88-3656
Tel: 03-9286 2666
Fax: 03-9286 2407/03-9286 2835
Web: http://www.rhb.com.my
Email: rhbim@rhb.com.my

Registered Office
Level 10, Tower One
RHB Centre
Jalan Tun Razak
50400 Kuala Lumpur
Wilayah Persekutuan
Malaysia
Tel: 03-9285 2233
Fax: 03-9281 9314

Regional/Branch Offices
Northern Regional Office
Level 3A, 44 Lebuh Pantai
Georgetown
10300 Pulau Pinang
Malaysia
Tel: 04-263 4848/1333
Fax: 04-262 8844

Sabah Regional Office
Lot No. C-02-04, 2
nd
Floor
Block C, Warisan Square
Jalan Tun Fuad Stephens
88000 Kota Kinabalu
Sabah
Malaysia
Tel: 088-528 777
Fax: 088-528 685

Sarawak Regional Office
Lot 7418, First Floor
Jalan Simpang Tiga
93300 Kuching
Sarawak
Malaysia
Tel: 082-231 326
Fax: 082-230 326

vi
BOARD OF DIRECTORS OF MANAGER
Patrick Chin Yoke Chung
(Independent Non-Executive Chairman)
Tuan Haji Khairuddin Ahmad
(Senior Independent Non-Executive Director)
Dato Mohamed Khadar Merican
(Independent Non-Executive Director)
Dato Othman Jusoh
Renzo Christopher Viegas
(Non-Independent Non-Executive Director)
Sharifatul Hanizah Said Ali
(Non-Independent Director / Managing Director)

INVESTMENT COMMITTEE MEMBERS
(Independent Chairman)
Dato Othman Jusoh
(Independent Member)
Lim Chee Sing
(Non Independent Member)

MANAGING DIRECTOR OF THE MANAGER

BUSINESS OFFICE AND OFFICE OF THE REGISTRAR
Level 7, Tower One
RHB Centre
Jalan Tun Razak
50400 Kuala Lumpur
Wilayah Persekutuan
Malaysia

TRUSTEES

CIMB Trustee Berhad
Delegate CIMB Group Nominees (Tempatan) Sdn Bhd (as custodian)

Registered Office
5
th
Floor, Bangunan CIMB
Jalan Semantan, Damansara Heights
50490 Kuala Lumpur
Malaysia
Tel: 03-2084 8888
Fax: 03-2093 9688
Web: http://www.cimb.com

vii
CIMB Trustee Berhad
Business Office
7
th
Floor, Wisma Amanah Raya Berhad
50490 Kuala Lumpur
Malaysia
Tel: 03-2084 8888
Fax: 03-2092 2717
Web: http://www.cimb.com

Delegate:
CIMB Group Nominees (Tempatan) Sdn Bhd (as custodian)
Business Office
7
th
Floor, Wisma Amanah Raya Berhad
50490 Kuala Lumpur
Malaysia
Tel: 03-2084 8888
Fax: 03-2093 3720
Web: http://www.cimb.com.

HSBC (Malaysia) Trustee Berhad
Registered Office
Suite 901, 9
th
Floor,
Wisma Hamzah-Kwong Hing
1, Lebuh Ampang
50100 Kuala Lumpur
Tel: 03-2074 3200
Fax: 03-2078 0145

Business Office
Suite 901, 9
th
Floor,
Wisma Hamzah-Kwong Hing
1, Lebuh Ampang
50100 Kuala Lumpur
Tel: 03-2074 3200
Fax: 03-2078 0145

Delegate:
The Hongkong And Shanghai Banking Corporation
Limited (as Custodian and Assets held through)

(i) HSBC Nominees (Tempatan) Sdn Bhd
No 2, Leboh Ampang
50100 Kuala Lumpur
Tel: 03-2070 0744
Fax: 03-2072 9787

(ii) HSBC Institutional Trust Services (Asia) Limited
6
th
Floor, Tower One
HSBC Centre, No 1, Sham Mong Road
Kowloon, Hong Kong
Tel: 852- 2533 6333
Fax: 852- 2869 6120

viii
Mayban Trustees Berhad
Registered Office/Place Of Business:
34
th
Floor Menara Maybank
100 Jalan Tun Perak
50050 Kuala Lumpur
Tel: 03-2078 8363
Fax: 03-2070 9387
Web: http://www.maybank2u.com.my

Delegate:-
Malayan Banking Berhad (3813-K)
(Maybank Custody Services)
Registered Office:
14
th
Floor Menara Maybank
100 Jalan Tun Perak
50050 Kuala Lumpur
Tel: 03- 2074 8158
Fax: 03- 2070 0966

Place Of Business
6th Floor Menara Maybank
100 Jalan Tun Perak
50050 Kuala Lumpur
Tel: 03- 2074 8158
Fax: 03- 2070 0966

Standard Chartered Bank Malaysia Berhad
(as custodian) Assets held through:
Cartaban Nominees (Tempatan) Sdn Bhd
Level 16, Menara Standard Chartered
30 Jalan Sultan Ismail
50250 Kuala Lumpur
Tel: 03-2117 7800
Fax: 03-2117 7619

OSK Trustees Berhad
Registered Office
20
th
Floor, Plaza OSK
Jalan Ampang
50450 Kuala Lumpur
Wilayah Persekutuan
Malaysia
Tel: 03-9207 7777
Fax: 03-2175 3288

Business Office
6
th
Floor, Plaza OSK
Jalan Ampang
50450 Kuala Lumpur
Wilayah Persekutuan
Malaysia
Tel: 03-9207 7777
Fax: 03-2175 3288
Web: www.osktrustees.com.my
Email: oskt_hq-corptrustop@my.oskgroup.com

ix
Delegate:-
United Overseas Bank (Malaysia) Bhd (as custodian)
Level 9, Bangunan UOB
Medan Pasar
10-12 Medan Pasar
50050 Kuala Lumpur
Tel: 03-2772 8000
Fax: 03-2031 0470
Email: custody@uob.com.my
Web: http://www.uob.com.my

EXTERNAL INVESTMENT MANAGER

UOB-OSK Asset Management Sdn Bhd
Level 13, Menara UOB
Jalan Raja Laut
50350 Kuala Lumpur
Tel: 03-2732 1181
Fax: 03-2732 1100
Web: www.uob.com.my
Email: uobosk@bloomberg.net

RHB Islamic Asset Management Sdn Bhd
Level 10, Tower One
RHB Centre, Jalan Tun Razak
50400 Kuala Lumpur
Wilayah Persekutuan
Malaysia
Tel: 03-9285 2233
Fax: 03-9281 9314

SHARIAH ADVISER

RHB Islamic Bank Berhad (Company No. 680329-V)
Registered Office
Level 10, Tower One
RHB Centre
Jalan Tun Razak
50400 Kuala Lumpur
Tel : 603-92878888
Fax: 603-92806507

Business Office
Level 11, Menara Yayasan Tun Razak
200, Jalan Bukit Bintang
55100 Kuala Lumpur
Tel : 603-21715000
Fax: 603-21715001

x
COMPANY SECRETARY
Azman Shah Md Yaman (LS No. 0006901)
Level 10, Tower One
RHB Centre
Jalan Tun Razak
50400 Kuala Lumpur
Wilayah Persekutuan
Malaysia

FEDERATION OF INVESTMENT MANAGERS MALAYSIA (FIMM)
(formerly known as Federation Of Malaysian Unit Trust Managers)

19-07-3, 7
th
Floor, PNB Damansara
No. 19, Lorong Dungun
Damansara Heights
50490 Kuala Lumpur Malaysia
Tel: 03-2093 2600
E-mail: info@fimm.com.my
Web: www.fimm.com.my

SOLICITOR
Soon Gan Dion & Partners
1
st
Floor, No. 73, Jalan SS 21/1A
Damansara Utama
47400 Petaling Jaya
Selangor Darul Ehsan
Malaysia
Tel: 03-7726 3168
Fax: 03-7726 3445

BANKERS
RHB Bank Berhad
RHB Centre
Jalan Tun Razak
50400 Kuala Lumpur
Wilayah Persekutuan
Malaysia

Malayan Banking Berhad
KL Main Office
Menara Maybank
100, Jalan Tun Perak
50050 Kuala Lumpur
Wilayah Persekutuan
Malaysia

xi
AUDITOR & REPORTING ACCOUNTANT
PricewaterhouseCoopers
Level 10, 1 Sentral
Jalan Travers
Kuala Lumpur Sentral
50706 Kuala Lumpur
Malaysia

TAXATION ADVISER
PricewaterhouseCoopers Taxation Services Sdn Bhd
Level 10, 1 Sentral
Jalan Travers
50706 Kuala Lumpur
Malaysia

INSTITUTIONAL UNIT TRUST ADVISERS

RHB Bank Berhad
Level 10, Tower One
RHB Centre
Jalan Tun Razak
50400 Kuala Lumpur
Wilayah Persekutuan
Malaysia

RHB Islamic Bank Berhad
Level 10, Tower One
RHB Centre
Jalan Tun Razak
50400 Kuala Lumpur
Wilayah Persekutuan
Malaysia

Other approved distributors, including institutional unit trust advisers or authorised tied agents (as
and when appointed by the Manager from time to time)

-1-
3. KEY FEATURES OF THE FUNDS

This section is only a summary of the salient information of the Funds. You should read and
understand the whole Prospectus before investing in the Funds.
3.1 Funds Information
Local Conventional Funds
RHB
Dynamic
Fund
RHB
Capital
Fund
RHB Bond
Fund
RHB
Malaysia
DIVA Fund
RHB
Income
Fund
Commencement
Date
15
September
1992
12 April
1995
10 October
1997
3 May 1999 18 April
2001
Category of
Fund
Equity Equity Bond Equity Balanced
Type of Fund Capital
Growth and
Income
Capital
Growth
Income Income and
Capital
Growth
Income
Trustee Mayban
Trustees
Berhad
Mayban
Trustees
Berhad
HSBC
(Malaysia)
Trustee
Berhad
CIMB
Trustee
Berhad
HSBC
(Malaysia)
Trustee
Berhad
Maturity
Date
N/A N/A N/A N/A N/A
Approved Fund
Size
750,000,000
Units
750,000,000
Units
1,000,000,000
Units
500,000,000
Units
125,000,000
Units
UIC as at
30
th
April 2011
43,749,000
Units
118,022,000
Units
30,158,000
Units
15,375,000
Units
10,943,000
Units
Note : N/A Not applicable
-2-
RHB
GoldenLife
Funds RHB
GoldenLife
Today
RHB GoldenLife
Funds RHB
GoldenLife 2020
RHB
GoldenLife
Funds RHB
GoldenLife
2030
RHB Cash
Management
Fund
Commencement
Date
21 February
2005
21 February 2005 21 February
2005
23 August 2007
Category of
Fund
Bond Balanced Equity Money Market
Type of Fund Income Capital Growth
and Income
Capital Growth Income
Trustee OSK Trustees
Berhad
OSK Trustees
Berhad
OSK Trustees
Berhad
OSK Trustees
Berhad
Maturity
Date
N/A 29 February 2020 28 February
2030
N/A
Approved Fund
Size
Collective size
under RHBGLF
800,000,000
Units
Collective size
under RHBGLF
800,000,000 Units
Collective size
under RHBGLF
800,000,000
Units
500,000,000
Units
UIC as at
30
th
April 2011
23,023,000
Units
12,601,000
Units
7,047,000
Units
199,884,000
Units
Local Shariah Funds
RHB
Mudharabah
Fund
RHB Islamic
Bond Fund
RHB Islamic
Growth Fund
RHB Islamic
Cash
Management
Fund
Commencement
Date
9 May 1996 25 August 2000 26 January 2004 30 June 2008
Category of
Fund
Balanced
(Shariah)
Bond (Shariah) Equity (Shariah) Money Market
(Shariah)
Type of Fund Capital Growth
and Income
Income Growth Income
Trustee CIMB Trustee
Berhad
CIMB Trustee
Berhad
CIMB Trustee
Berhad
OSK Trustees
Berhad
Maturity
Date
N/A N/A N/A N/A
Approved Fund
Size
750,000,000
Units
500,000,000
Units
500,000,000
Units
500,000,000
Units
UIC as at
30
th
April 2011
33,477,000
Units
43,444,000
Units
13,356,000
Units
22,868,000
Units
-3-
Foreign Funds
RHB
Dividend
Valued Equity
Fund
RHB Global
Fortune Fund
RHB Global
Themes Fund
RHB Asian
Total Return
Fund
Commencement
Date
13 July 2005 8 August 2006 5 January 2007 26 February
2007
Category of Fund Equity Feeder Fund Feeder Fund Feeder Fund
and Income
Income Growth Income
Trustee OSK Trustees
Berhad
OSK Trustees
Berhad
HSBC
(Malaysia)
Trustee Berhad
OSK Trustees
Berhad
Maturity
Date
N/A N/A N/A N/A
Approved Fund
Size
500,000,000
Units
500,000,000
Units
500,000,000
Units
300,000,000
Units
UIC as at
30
th
April 2011
136,425,000
Units
69,882,000
Units
89,770,000
Units
45,911,000
Units
RHB Global Multi Manager Fund
Commencement
Date
23 August 2007
Category of Fund Fund of Funds
Type of Fund Growth and Income
Trustee CIMB Trustee Berhad
Maturity
Date
N/A
Approved Fund
Size
500,000,000 Units
UIC as at
30
th
April 2011
90,520,000
Units
-4-
The objectives, investment strategy and policy, principal risks, asset allocation, investor profile and
performance benchmark for each Fund is as follows:-
RHB Dynamic Fund RHB Capital Fund RHB Bond Fund
Fund Objective To provide investors
with regular income
and capital gain at an
acceptable level of risk
by investing primarily
in Malaysian public
listed companies with
steady and good
growth potential.
To achieve long term
growth through capital
appreciation with all
income including profits
on realisation of
investments being
automatically reinvested
for its compounding
effect.
To provide investors with
higher than average
income returns compared
to fixed deposits over the
medium to long term
through investments in
bonds and other fixed
income securities with
minimum risk to capital
invested.
Investment
Strategy and
Policy and Asset
Allocation
The Fund invests
primarily in Malaysian
public listed
companies with steady
income and good
growth potential. In
analyzing companies,
the Manager looks for
businesses that
demonstrate leadership
in their respective
sector with strong
growth potential
coupled with
consistent dividend
policy.
Asset Allocation
- Up to 95% of the
Funds NAV will be
invested in equities
- Minimum of 5% of
the Funds NAV will
be invested in fixed
income securities
and/or liquid assets
The Fund invests primarily
in Malaysian public listed
companies with strong
growth potential. The
Manager utilises a strategy
that seeks attractively
priced companies in
undervalued sectors, or in
sectors that have strong
upward stock price
momentum which
demonstrate strong
increases in earnings per
share and continue to
strengthen their
fundamental capabilities
and competitive positions,
amongst others.
Asset Allocation
- Up to 95% of the Funds
NAV will be invested in
equities
- Minimum of 5% of the
Funds NAV will be
invested in fixed income
securities and/or liquid
assets
The Fund will invest in
quality fixed income
securities which carry a
minimum long term
credit rating of BBB and
above assigned by RAM
or its equivalent. To
contain credit risk, the
Manager will ensure that
the diversification of
credit rating (and duration
standing) in the bond
portfolio mitigate the
overall risk position of
the portfolio.
Asset Allocation
- Up to 95% of the
Funds NAV will be
securities
- Minimum of 5% of the
Funds NAV will be
invested in liquid assets
Principal Risks Stock market risk,
Liquidity risk,
Individual stock risk
and Issuer risk
Stock market risk,
Liquidity risk, Individual
stock risk
and Issuer risk
Interest rate risk, Credit /
Default risk, Liquidity
risk and Issuer risk
-5-
RHB Dynamic Fund RHB Capital Fund RHB Bond Fund

Investor Risk
Profile
Aggressive Aggressive Conservative
Performance
Benchmark
FBM KLCI FBM KLCI Maybanks 12 Months
Fixed Deposit Rate
RHB Malaysia DIVA Fund RHB Income Fund
Fund Objective To provide total returns primarily through
investment in equity and equity related
securities of companies which offer
potentially high dividend yields and
sustainable dividend payments.
To provide investors with a
balanced mix of income and
potential growth through
investments across various types
of asset.
Investment
Strategy and
Policy and Asset
Allocation
The Fund will invest in companies that offer
higher than expected dividend yields
compared to other companies in the market
and whose cash-flow generated by business
and management activities are expected to
support such dividend payments.
The Fund therefore seeks to identify and
invest in companies that focus on
shareholder value in the form of sustainable
dividend returns combined with the prospect
for capital growth.
Asset Allocation
Up to 100% of the Funds NAV can be
invested in equities and/or fixed income
securities or liquid assets
The Fund strives to achieve a
balanced return between
consistent realized income and
capital appreciation that will also
lead to preservation of capital in
the long term. The Fund invests
in a diversified portfolio
consisting primarily of high
quality equities/stocks and fixed
income securities, with an
emphasis on bonds to reduce
Fund volatility. The Manager
invests primarily in
equities/stocks which have strong
fundamentals and debt securities,
which are of investment grades
by a nationally recognised
agency.
Asset Allocation
Equities: Up to 70% of the
Funds NAV
Fixed Income: Up to 70% of the
Funds NAV
Principal Risks Stock market risk, Liquidity risk, Individual
stock risk, Interest rate risk, Credit / Default
risk and Issuer risk
Stock market risk, Liquidity risk,
Issuer risk, Interest rate risk and
Credit / Default risk
Investor Risk
Profile
Moderate Conservative
Performance
Benchmark
Maybanks 12 Months Fixed Deposit Rate Weighted average of FBM KLCI
(30%) and Maybanks 12 Months
Fixed Deposit Rate (70%)
-6-
RHB GoldenLife
Funds RHB
GoldenLife Today
RHB GoldenLife Funds
RHB GoldenLife 2020
RHB GoldenLife 2030
Fund Objective To provide retired
investors or investors
who are retiring in the
very near future a
steady income stream
in planning for their
financial needs upon
retirement.
To provide investors
planning to retire in the
year 2020, a wealth
accumulation vehicle for
meeting their financial
needs upon retirement.
To provide investors
planning to retire in the
year 2030, a wealth
accumulation vehicle for
meeting their financial
needs upon retirement.
Investment
Strategy and
Policy and Asset
Allocation
The Fund will place
more emphasis on
fixed income securities
in Malaysia given that
it is a bond fund.
Asset Allocation
- Up to 20% of the
Funds NAV will be
- Minimum of 80%
and up to 100% of the
Funds NAV will be
invested in fixed
income securities
equities and fixed income
securities in Malaysia and
in accordance with an
asset allocation that will
become increasingly
conservative as the year
2020 approaches.
Asset Allocation
- Minimum of 40% and up
to 70% of the Funds NAV
will be invested in equities
- Minimum of 30% and up
to 60% of the Funds NAV
will be invested in fixed
income securities and/or
liquid assets
equities and fixed income
securities in Malaysia and
in accordance with an
asset allocation that will
become increasingly
conservative as the year
2030 approaches.
Asset Allocation
- Minimum of 70% and
up to 100% of the Funds
NAV will be invested in
equities
- Up to 30% of the
Funds NAV will be
securities and/or liquid
assets
Principal Risks Allocation risks, Stock
market risk, Interest
rate risk, Individual
stock risk, Credit /
Default risk, Liquidity
risk, Issuer risk and
Inflation / Purchasing
power risk
Allocation risks, Stock
market risk, Interest rate
risk, Individual stock risk,
Credit / Default risk,
Liquidity risk, Issuer risk
and Inflation / Purchasing
power risk
Allocation risks, Stock
market risk, Interest rate
risk, Individual stock risk,
Credit / Default risk,
Liquidity risk, Issuer risk
and Inflation / Purchasing
power risk
Investor Risk
Profile
Conservative Moderate Aggressive
Performance
Benchmark
Weighted average of
FBM KLCI (10%) and
Maybanks 12 Months
Fixed Deposit Rate
(90%)
Weighted average of FBM
KLCI (55%) and
Maybanks 12 Months
Weighted average of
FBM KLCI (85%) and
Maybanks 12 Months
-7-
RHB Cash Management Fund

Fund Objective The objective is to provide liquidity and regular income for investors through
investments primarily in the money market.
Investment
Strategy and
Policy and Asset
Allocation
The investment strategy is to invest in a diversified portfolio of short-term money
market instruments.
Asset Allocation
- Up to 100% of the Funds NAV will be invested in money market instruments
Principal Risks Interest rate risk, Credit default risk, Inflation risk, Liquidity risk and Issuer risk
Investor Risk
Profile
Conservative
Performance
Benchmark
Maybanks Savings Rate
-8-
Local Shariah Funds

RHB Mudharabah
Fund
RHB Islamic
Bond Fund
RHB Islamic
Growth Fund
RHB Islamic
Cash
Management
Fund
Fund
Objective
To provide a
balanced mix of
income and potential
for capital growth by
investing in stocks
listed on the Bursa
Malaysia or on any
other stock
exchanges, unlisted
stocks and Islamic
debt securities and
other non-interest
bearing assets
acceptable under
principles of
Shariah. The Funds
activities shall be
conducted strictly in
accordance with the
requirement of the
Shariah principles
and shall be
monitored by the
Shariah Adviser of
the Fund.
To provide regular
income to
investors through
investments in
Islamic debt
securities and
bonds which are
acceptable
investment under
the principles of
Shariah.
To achieve long
term growth by
mainly investing in
public listed
companies with
growth potential,
Islamic debt
securities and other
securities
acceptable under
the Shariah
principles.
Aims to provide
liquidity and a
regular stream of
income by
investing in
Shariah
compliant money
market
instruments.
Investment
Strategy and
Policy and
Asset
Allocation
The Funds
objective is to
achieve returns from
the sukuk and
Shariah compliant
debt instruments
income stream, the
dividend income
stream, as well as
capital appreciation.
The adjustments of
asset allocation
between equity,
sukuk and Shariah
compliant debt
instrument are
formulated based on
the economic cycles
and valuations of
securities.
The Fund will
invest in sukuk
and Islamic fixed
income securities.
Investments must
carry a minimum
long term credit
rating of BBB and
above or a
minimum short
term rating of P3
as assigned by
RAM or its
equivalent. To
contain credit risk,
the Manager will
ensure that the
diversification of
credit rating (and
duration standing)
in the bond
portfolio mitigate
The Fund will be
mainly investing in
public listed
companies with
growth potential,
sukuk, Islamic debt
securities and other
securities
acceptable under
the Shariah
principles.
Asset Allocation
- Up to 95% of the
Funds NAV will
be invested in
equities
- Minimum of 5%
of the Funds NAV
will be invested in
The investment
strategy is to
invest in a
diversified
portfolio of
Islamic short-
term money
market
instruments and
deposits with
financial
institutions.
Asset Allocation
- At least 90%
invested into
Islamic money
market
instruments and
investment
accounts with
-9-
RHB Mudharabah
Fund
RHB Islamic
Bond Fund
RHB Islamic
Growth Fund
RHB Islamic
Cash
Management
Fund
Asset Allocation
- Up to 60% of the
Funds NAV will be
- Minimum of 40%
of the Funds NAV
will be invested in
sukuk, Islamic debt
instruments and/or
liquid assets
acceptable under
Shariah principle.
the overall risk
position of the
portfolio.
Asset Allocation
- Up to 95% of the
Funds NAV will
be invested in
sukuk and Islamic
debt instruments.
- Minimum of 5%
of the Funds
NAV will be
invested in liquid
assets acceptable
under Shariah
principle.
sukuk,Islamic debt
instruments,
Islamic Money
Market Instruments
acceptable under
Shariah principle.
licensed financial
institutions that is
not more than
365 days
maturity;
- Up to 10%
invested in
Islamic money
market
instruments and
investment
accounts with
licensed financial
institutions that is
more than 365
days but fewer
than 732 days
maturity.
Principal
Risks
Stock market risk,
Individual stock
risk, Liquidity risk,
Issuer risk, Interest
rate risk, Credit /
Default risk and
Shariah specific risk,
Credit / Default
risk, Issuer risk,
Interest rate risk,
Liquidity risk and
Shariah specific
risk
Stock market risk,
Individual stock
risk, Liquidity risk,
Issuer risk, Interest
rate risk, Credit /
Default risk and
Shariah specific
risk
Interest rate risk,
Credit/default
risk, Liquidity
risk, Inflation risk
and Shariah
specific risk
Investor Risk
Profile
Moderate Conservative Aggressive Conservative
Performance
Benchmark
Weighted average of
FTSE Bursa
Malaysia Emas
Shariah Index (50%)
and Maybanks 12
Months General
Investment Account
Rate (50%)
Maybanks 12
Months General
Investment
Account Rate
FTSE Bursa
Malaysia Emas
Shariah Index
Maybank Al-
Mudharabah
(GIA) 1-Month
Rate
-10-
Foreign Funds
RHB Dividend
Valued Equity
Fund
RHB Global
Fortune Fund
RHB Global
Themes Fund
RHB Asian
Total Return
Fund
Fund
Objective
To provide
investors with total
returns primarily
through investment
in equity and equity
related securities of
companies which
offer attractive
yields and
sustainable dividend
payments.
The Fund aims to
provide total return
from dividend
income, option
premiums and
capital
appreciation,
sustainable
distributions and
typically lower
portfolio volatility
compared to a
normal equity
investment.
To provide
investors with long
term growth of
capital through a
diversified
international
portfolio investing
in marketable
securities, primarily
equity securities,
including common
stocks, preferred
stocks, warrants
and debt securities
convertible into
common stocks.
The Fund aims to
provide investors
with income
return primarily
through
investment in a
portfolio of
bonds and other
fixed and floating
rate securities
issued by
governments,
government
agencies, supra-
national and
corporate issuers
in Asia excluding
Japan.
Investment
Strategy and
Policy and
Asset
Allocation
The Fund will
invest in companies
that offer higher
expected dividend
yields compared to
other companies in
the market and
whose cash-flow
generated by
business and
management
activities are
expected to support
such dividend
payments.
Asset Allocation
- Minimum 70%
and up to 98% of
the Funds NAV
will be invested in
equities
- Minimum of 2%
and up to 30% of
the Funds NAV
will be invested in
fixed income
The Fund will
invest principally in
the Allianz Global
Investors Premier
Funds-RCM Global
High Payout Fund
which is managed
by Allianz Global
Investors Singapore
Limited.
The Target Fund is
regulated under the
Securities &
Futures Act
(Chapter 289) of
Singapore and by
the Monetary
Authority of
Singapore.
When the
investment in
Allianz Global
Investors Premier
Funds-RCM Global
High Payout Fund
(a fund domiciled
in Singapore which
had been launched
The Fund will
invest principally in
the DWS Global
Themes Equity
Fund which is
managed by
Deutsche Asset
Management (Asia)
Limited.
The Target Fund is
regulated under the
Securities &
Futures Act
(Chapter 289) of
Singapore and by
the Monetary
Authority of
Singapore.
When the
investment in the
DWS Global
Themes Equity
Fund (a fund
domiciled in
Singapore which
had been launched
on 24 July 2006
and which invests
The Fund will
invest principally
in the SISF Asian
Bond Absolute
Return which is
managed by
Schroder
Investment
Management
(Luxembourg)
S.A.
The Target Fund
is regulated under
the laws of the
Grand Duchy of
Luxembourg and
by the
Commission de
Surveillance du
Secteur Financier
(Luxembourg
Financial Sector
Supervisory
Authority).
When the
investment in the
SISF Asian Bond
Absolute Return
-11-
RHB Dividend
Valued Equity
Fund
RHB Global
Fortune Fund
RHB Global
Themes Fund
RHB Asian
Total Return
Fund
securities and/or
liquid assets
in January 2006
and which invests
globally in equities
and selling of call
options) does not
meet the objectives
of the Fund, the
Manager may
choose to replace it
with other
collective
investment scheme
with similar
objectives, subject
to the approval
from Unit Holders.
Asset Allocation
- At least 95% of
the Funds NAV
will be invested in
a Target Fund
- Up to 5% of the
Funds NAV will
be invested in
liquid assets to
provide for
liquidity purpose
globally in equities)
does not meet the
objectives of the
Fund, the Manager
may choose to
replace it with
other collective
investment scheme
with similar
objectives, subject
to the approval
from Unit Holders.
Asset Allocation
- At least 95% of
the Funds NAV
will be invested in
a Target Fund
- Up to 5% of the
Funds NAV will
be invested in
liquid assets to
provide for
liquidity purpose
(a fund domiciled
in Luxembourg
which had been
launched on 16
October 1998)
does not meet the
objectives of the
Fund, the
Manager may
choose to replace
it with other
collective
investment
scheme with
similar
objectives,
subject to the
approval from
Unit Holders.
Asset Allocation
- At least 95% of
the Funds NAV
will be invested
in a Target Fund
- Up to 5% of the
Funds NAV will
be invested in
liquid assets to
provide for
liquidity purpose
Principal
Risks
Stock market risk,
Currency risk,
Liquidity risk,
Country risk, Sector
risk, Interest rate
risk, Credit/Default
risk, Issuer risk,
Inflation/Purchasing
power risk, Fund
manager risk and
Regulatory risk
Interest rate risk,
General market
risk, Stock and
issuer risk,
Currency risk and
Country & transfer
risk, Fund manager
risk and Regulatory
risk
Interest rate risk,
General market
risk, Stock & issuer
risk, Currency risk
and Country risk,
Liquidity risk, Tax
risk, Credit risk,
Fund manager risk
and Regulatory risk
Interest rate risk,
Stock risk,
Currency risk,
Country &
foreign
investment risk,
Smaller
capitalisation
companies risk,
Liquidity risk,
Credit rating risk,
Regulatory risk,
Market risk,
Counterparty
risk, Default risk,
Suspension of
share dealing
-12-
RHB Dividend
Valued Equity
Fund
RHB Global
Fortune Fund
RHB Global
Themes Fund
RHB Asian
Total Return
Fund
risk, Emerging
and Less
Developed
Markets Risks,
Fund manager
risk and Issuer
downgrade risk
Investor Risk
Profile
Moderate Moderate Moderate Moderate
Performance
Benchmark
Morgan Stanley
Capital
International Asia
Pacific Free ex
Japan Index (MSCI)
60% MSCI World
& 40% Dividend
Yield (MSCI
World)
MSCI World (Net)
Index
Citigroup
Treasury/Agency
Index (Total
Return)
Fund
Objective
To provide investors with long-term growth of capital with reduced levels of risk
through a highly diversified international growth and income portfolio based on a
global multi manager approach.
Investment
Strategy and
Policy and
Asset
Allocation
The Fund is a Fund-of-funds where at least 95% of the Funds NAV will be invested
in other collective investment schemes and up to 5% in liquid assets.
The Manager will decide on the asset allocation and appropriate Target Funds to
invest in to build a well-diversified portfolio of funds. The Fund will invest in
collective investment schemes in a range of asset classes i.e. equities, fixed income
securities and money market instruments.
The Fund will be invested in a minimum of five (5) collective investment schemes at
all times, with a maximum exposure of 30% of the Funds NAV in any one (1)
collective investment scheme.
Principal
Risks
Market risk, Country risk, Currency risk, Interest rate risk, Credit risk, Stock and
issuer risk, Regulatory risk and Fund manager risk
Investor Risk
Profile
Moderate
Performance
Benchmark
50% MSCI World (Net) Index
30% Barclays Global Aggregate Index
10% FBM KLCI Index
10% Maybanks Savings Rate
-13-
Please refer to Section 4: Detailed Information On The Funds for detailed information on the
characteristics and objectives of each Fund, which will help you to decide on the most suitable Fund
to suit your profile and financial goals.
The names and the profiles for the designated fund manager to each Fund can be obtained in Section
10: The Management And Administration Of The Funds, on page 176 and Section 11: External
Investment Manager, on page 184.
Information on each Trustee can be obtained in Section 12: The Trustees Of The Funds, on pages
186 to 195.
There are risks involved in investing in the Funds. The general and specific risks can be obtained in
Section 9: Risk Factors, on pages 152 to 174.
The RHBDF, RHBCF, RHBBF, RHBMDF, RHBINCF, RHBDVEF, RHBGTF, RHBATRF,
RHBGFF, RHBCMF and RHBGMMF are governed by a master deed dated 12 June 2008, as
supplemental master deed dated 25 August 2008, a second supplemental master deed dated 12
December 2008 and a third supplemental master deed dated 19 June 2009; the RHBMF, RHBIBF,
RHBIGF and RHBICMF are governed by a master deed dated 12 June 2008 and a first supplemental
master deed dated 19 June 2009; and the RHBGLF is governed by a master deed dated 12 June 2008,
a first supplemental master deed dated 25 August 2008 and a second supplemental master deed dated
19 June 2009.

-14-
3.2 Fees And Charges

There are annual operating expenses involved in running a fund such as management fee,
trustee fee, audit fee and other direct administrative costs.
This table describes the charges that you may directly incur when you buy or sell units of the
Funds.
Fees and Charges Equity, Balanced, Feeder
Funds and Fund of Funds
Bond Funds Money Market
Funds
Sales Charge per
Unit*
Cash Investors:
Direct Investment with
RHBIM
- Up to 6.0% of the NAV
per Unit
Via Tied Agents
per Unit
Via IUTA
per Unit
Note :- Investors may
negotiate for a lower Sales
Charge.
Investors investing under the
EPF Members Investment
Scheme:
Up to 3% of the NAV per
Unit for all distribution
channels and direct
investment with RHBIM.
(In respect of any Equity,
Balanced, Bond or Money
Market Funds, the sales
charge levied for investors
investing under the EPF
Members Investment
Scheme is regulated by EPF)
Nil.
However, for RHBGLF
Today, the Sales Charge
imposed will be up to
0.75% of the NAV per
channels (i.e. direct
investment with
RHBIM, tied agents and
IUTA).
negotiate for a lower
Sales Charge.
Nil
-15-
Repurchase Charge
per Unit*
Nil. An administrative charge such as courier or telegraphic transfer charges
will also be imposed by the Manager for remittance of repurchase proceeds.
However, for RHBBF and RHBIBF, the repurchase charge of up to 1.0% of
the NAV per Unit will be imposed for all repurchase made via all distribution
channels (i.e. direct investment with RHBIM, tied agents and IUTA) on or
before the 1
st
year of investment, thereafter, no repurchase charge will be
imposed. No repurchase charge will be charged during the cooling-off period.
The repurchase charge may be waived at the discretion of RHBIM for
investments initially made from Normal Load Funds into these bond funds
which are then redeemed for investments back into Normal Load Funds.
Note :- Investors may negotiate for a lower Repurchase Charge.
Switching Fee Please see Note 1 below.
Transfer Fee Nil
Note:
Subject to the Deed, Units are transferable without restriction. However the
Manager may decline any transfer if it would result in the transferor or
transferee being a Unit Holder of Units of the Fund of less than the applicable
Minimum Holding.
Dilution
fee/transaction cost
factor, if any
Nil
Other charges
payable directly by
an investor when
purchasing or
redeeming units
Administrative charges such as courier or telegraphic transfer charges may be
imposed by the Manager for remittance of repurchase proceeds.
* - all sales charge and/or repurchase charge shall be subject to Section 13.3.
-16-
Note 1. Switching Fee

Current Fund
Recipient Fund
Low Load Fund Normal Load Fund
Low Load Fund
RHB Bond Fund
RHB Islamic Bond Fund
RHB GoldenLife Today
1
RHB Islamic Cash Management Fund
Free
50% of the Sales Charge
of the Recipient Fund
Normal Load Fund
RHB Dynamic Fund
RHB Capital Fund
RHB Mudharabah Fund
RHB Malaysia DIVA Fund
RHB Income Fund
RHB Islamic Growth Fund
RHB GoldenLife 2020
1
RHB GoldenLife 2030
1
RHB Dividend Valued Equity Fund
RHB Global Fortune Fund
RHB Global Themes Fund
RHB Asian Total Return Fund
Free Free
Notes:
1 No switching fee charged for switching within RHB GoldenLife Funds (RHB GoldenLife
Today, RHB GoldenLife 2020 and RHB GoldenLife 2030)
For closed ended funds, switching option is not applicable.
The Manager reserves the right, at its absolute discretion, to waive the switching fee for any
subsequent switching.
The Manager reserves the right to reject any switching request:-
(i) that it regards as disruptive to efficient portfolio management; or
(ii) if deemed by the Manager to be contrary to the best interest of the Fund.

-17-
The table below describes the fees that you may indirectly incur when you invest in the
Funds.
Fees Equity, Balanced,
Feeder Funds and
Fund of Funds
Funds
Annual
Management Fee
RHBDF, RHBCF,
RHBMDF, RHBINCF,
RHBGLF 2020 and
RHBGLF 2030
Up to 1.50% per annum
of the NAV of the Fund
RHBMF and RHBIGF
RHBDVEF, RHBGTF
and RHBGMMF
RHBATRF
RHBGFF
RHBBF
Up to 1.00% per
annum of the NAV of
the Fund
RHBGLF Today
Up to 1.25% per
annum of the NAV of
the Fund
RHBIBF
Profit sharing scheme
between the Manager
and Fund in the ratio
of 15:85 respectively
based on the net
investment income,
which is the income
of the Fund less the
Trustees fee and all
permitted or
allowable expenses
under the Deed.
RHBCMF
Up to 0.30% per
annum of the NAV
of the Fund
RHBICMF
Up to 0.30% per
annum of the NAV
of the Fund
-18-

Feeder Funds and
Fund of Funds
Funds
Annual Trustee
Fee
RHBDF
0.07% per annum of the
NAV of the Fund
RHBCF
NAV of the Fund
RHBMDF and
RHBINCF
NAV of the Fund subject
to a minimum of
RM18,000.00 per annum
RHB GLF 2020 and
RHBGLF 2030
to a minimum of
RHBMF
NAV of the Fund
RHBIGF
NAV of the Fund
RHBDVEF
NAV of the Fund
attributed to investments
in Malaysia and 0.1%
per annum of the NAV
of the Fund attributed to
investments abroad, but
subject to a minimum of
RHBBF
0.08% per annum of
the NAV of the Fund
RHBIBF
0.10% per annum of
the NAV of the Fund
subject to a minimum
of RM35,000.00 per
annum
RHBGLF Today
0.07% per annum of
the NAV of the Fund
subject to a minimum
of RM18,000.00 per
annum
RHBCMF and
RHBICMF
0.08% per annum
of the NAV of the
Fund subject to a
minimum of
RM18,000.00 per
annum
-19-

Feeder Funds and
Fund of Funds
Funds
RHBGFF
to a minimum of
(excluding foreign
custodian fee and
charges)
RHBGTF, RHBATRF
and RHBGMMF
to a minimum of
(excluding foreign
custodian fee and
charges)
Other fees
payable
indirectly by an
investor (if any)
Shariah Advisers fees for the Shariah Funds (if any).
Note *:-
The annual management fees and annual trustee fees are calculated and accrued daily based
on the NAV of the Fund before deducting the management fees and trustee fees on the
relevant day and be divided by the number of days in the year, thereafter multiplied by the
rate of the annual management fees or annual trustee fees stated in the table above.
For more information on the fees, charges and expenses of the Funds, please refer to Section
5: Fees, Charges and Expenses, on pages 102 to 108 and Section 6: Transaction
Information, on pages 109 to 120.
-20-
3.3 Other Information For The Funds

Avenue for advice
available to
prospective
investors
RHBIM strives to provide investors with high quality information
services to assist investors to make well informed investment
decisions and keep abreast of developments in the Funds. RHBIMs
Unit Holders Services executives are always available to investors on
its Toll-Free Hotline 1-800-88-3656 during normal office hours
whenever you have any enquiries or require any form of assistance
with your investments.
Enquiries can also be made through:
(1) telephone no: 03-92862666 or fax no: 03-92862407;
(2) regional offices; and
(3) our website at http://www.rhb.com.my
Normal Business Hours (Malaysian Time): Monday Friday from
9.00 a.m. 5.00 p.m.
Distribution Policy See Note 1 below.
Note 1:-
Income Distribution
Policy
RHB Bond Fund,
RHB Income Fund,
RHB Malaysia DIVA Fund,
RHB GoldenLife Today,
RHB Islamic Bond Fund,
RHB Dividend Valued Equity Fund,
RHB Global Fortune Fund,
RHB Asian Total Return Fund.
Income (if any) will be
distributed during the financial
year.
RHB Dynamic Fund,
RHB Capital Fund,
RHB GoldenLife 2020,
RHB Mudharabah Fund,
RHB Islamic Growth Fund,
RHB Global Themes Fund,
RHB Global Multi Manager Fund.
Subject to the availability of
income at the end of the
financial year.
RHB Cash Management Fund,
RHB Islamic Cash Management
Fund.
Income is paid monthly,
depending on the level of
income (if any) the Fund
generates.
Frequency of Income
Distribution
Fund.
Monthly (if any)
RHB Asian Total Return Fund.
Semi annual (if any)
-21-
RHB Income Fund,

RHB Bond Fund,
RHB Dividend Valued Equity Fund.
Annual (if any)
RHB Dynamic Fund,
RHB Capital Fund,
Incidental
-22-
Mode of Income
Distribution
RHB Dynamic Fund,
RHB Capital Fund,
RHB Bond Fund,
RHB Income Fund,
RHB Dividend Valued Equity Fund,
RHB Asian Total Return Fund,
Distribution, if any, which is
less than or equal to the amount
of RM300.00, will be
automatically reinvested into
the Fund based on the Net Asset
Value per Unit seven (7)
Business Days after the ex-
dividend date. No Sales Charge
or costs shall be incurred or
payable by the Unit Holders for
the reinvestment.
For income distribution (if any)
which is more than RM300.00,
Unit Holders may however
choose to receive the income
distribution by way of cheque
by selecting the appropriate
option in the Application Form.
A Unit Holder must notify the
Manager in writing seven (7)
Business Days prior to each
date fixed for the distribution of
any change in his distribution
instructions.
In the absence of the Unit
Holders written instructions,
income distribution from the
Fund will be automatically
reinvested into the Fund based
on the Net Asset Value per Unit
seven (7) Business Days after
the ex-dividend date. No Sales
Charge or costs shall be
incurred or payable by the Unit
Holders for the reinvestment.
Fund.
Distribution, if any, will be
automatically reinvested into
the Fund based on the Net Asset
Value per Unit of the Business
Day on which the distribution is
declared, unless the Unit Holder
specifically requests for
physical distribution via cheque.
No Sales Charge or costs shall
be incurred or payable by the
Unit Holders for the
reinvestment.
-23-
3.4 EPF Approved Funds

Under the EPF Members' Investment Scheme, investors are able to invest in the EPF
approved funds which include:
RHB Dynamic Fund
RHB Capital Fund
RHB Income Fund
RHB Mudharabah Fund
The list of Funds that is allowed under the EPF Members Investment Scheme will be
updated on the website at http://www.rhb.com.my as and when EPF revises the list.
Alternatively, you may contact our Customer Care Centre at 1-800-88-3656 for
further information.
There are fees and charges involved and investors are advised to consider them before investing
in the Funds.
Unit prices and distributions payable, if any, may go down as well as up.
For information concerning certain risk factors which should be considered by prospective
investors, see risk factors commencing on page 152.
Past performances of the Funds are not an indication of its future performance.
-24-
4. DETAILED INFORMATION ON THE FUNDS

4.1 Fund Profile
Name of Fund RHB Dynamic Fund
Category of Fund Equity
Type of Fund Capital Growth and Income
Investor Risk Profile Aggressive
Fund Objective
To provide investors with regular income and capital gain at an acceptable level of
risk by investing primarily in Malaysian public listed companies with steady and
good growth potential.
Note : Any material changes to the objective of the Fund require the Unit Holders approval.
Investor Profile
Suitable for investors who:-
want a professionally managed portfolio of shares and fixed income securities;
have a medium to long term investment horizon of 3 to 5 years or more;
want to achieve regular income and capital gain at an acceptable level of risk; and
want to invest in shares but do not have the time to manage their own portfolio.
Asset Allocation
Up to 95% of the Funds NAV will be invested in equities
Minimum of 5% of the Funds NAV will be invested in fixed income securities
Investment Strategy And Policy
RHB Dynamic Fund seeks regular income and capital gain. To pursue this goal, the
Fund invests primarily in Malaysian public listed companies with steady income and
good growth potential. In analyzing companies, the Manager looks for businesses that
demonstrate leadership in their respective sector with strong growth potential coupled
with consistent dividend policy.
The Manager uses fundamental valuation parameters, focusing on several key
numbers with respect to the companys historical price levels and relative value to its
peer universe. These numbers include price/earnings multiple of the company,
earnings growth rates, relative price earnings to growth, dividend yield, cashflow,
balance sheet strength, quality of management, return on assets and return on
-25-
investments, among others. Quarterly earnings expectations and results are carefully
followed, and the Funds portfolio managers investment strategy could differ if key
macro and micro factors materially changes.
In addition to those described above, the Fund may invest in fixed income securities
to preserve the value of the Fund.

Performance Benchmark
FBM KLCI
To obtain the latest information on the FBM KLCI, investors can refer to Bursa
Malaysias website (www.bursamalaysia.com).
Risk Management Strategies
Please refer to Section 9.3 on page 174.
-26-
Name of Fund RHB Capital Fund

Fund Objective
To achieve long term growth through capital appreciation with all income including
profits on realisation of investments being automatically reinvested for its
compounding effect.
Investor Profile
want a professionally managed portfolio of shares and fixed income securities;
have a medium to long term investment horizon of 3 to 5 years or more;
want to achieve potential capital growth (accumulation) at an acceptable level of
risk; and
Asset Allocation
Minimum of 5% of the Funds NAV will be invested in fixed income securities
RHB Capital Fund seeks long term capital appreciation. To pursue this goal, the Fund
invests primarily in Malaysian public listed companies with strong growth potential.
The Manager utilises a strategy that seeks attractively priced companies in
undervalued sectors, or in sectors that have strong upward stock price momentum
which demonstrate strong increases in earnings per share and continue to strengthen
their fundamental capabilities and competitive positions, amongst others.
The Manager uses fundamental valuation parameters to determine the relative value
of the company compared to its peer universe. These numbers include price/earnings
multiple of the company, earnings growth rates, relative price earnings to growth,
cashflow, balance sheet strength, quality of management, relative positioning of the
company in the industry in which it operates, return on equity, return on assets and
return on investments, among others. Quarterly earnings expectations and results are
carefully followed, and the Funds portfolio managers investment strategy could
differ if any of the key macro and micro factors materially changes.
-27-
In addition to those described above, the Fund may invest in fixed income securities
to preserve the value of the Fund.

FBM KLCI
-28-
Name of Fund RHB Bond Fund

Category of Fund Bond
Type of Fund Income
Investor Risk Profile Conservative
Fund Objective
To provide investors with higher than average income returns compared to fixed
deposits over the medium to long term through investments in bonds and other fixed
income securities with minimum risk to capital invested.
Investor Profile
are risk averse;
want to protect the purchasing power of their wealth against inflation;
want to enjoy a relatively more predictable income on a yearly basis;
want to diversify their overall investment portfolio by including bonds as an asset
class.
Asset Allocation
Up to 95% of the Funds NAV will be invested in fixed income securities
Minimum of 5% of the Funds NAV will be invested in liquid assets
The Fund will invest in quality fixed income securities which carry a minimum long
term credit rating of BBB and above assigned by RAM or its equivalent. To contain
credit risk, the Manager will ensure that the diversification of credit rating (and
duration standing) in the bond portfolio mitigate the overall risk position of the
portfolio.
The Manager may also take temporary defensive measures that may be inconsistent
with the Funds principal strategy in attempting to respond to adverse market
conditions, economics, political or any other conditions which the Manager deem
detrimental to the Fund. The defensive measures that the Manager may undertake are
in no way to be deviated from the mandates or breaching any laws and regulations.
The Funds strategies in yield enhancement for the portfolio will also be balanced
with other investment needs of the Fund, such as liquidity and risk management. On
liquidity management, the Fund will maintain sufficient amount of portfolio in liquid
bond to accommodate redemption. As for risk management, the portfolio duration is
kept at optimal level where yield enhancement can be optimised on risk adjusted
-29-
basis, and at the same time, balanced with the need for containing portfolios
volatility.
Hence, during the temporary defensive period, the Manager may choose to increase
the asset allocation by allocating more investment into risk free investments which
are money market instruments and deposit in adverse market condition.
Maybanks 12 Months Fixed Deposit Rate.
Unit Holders may log on to the Maybank website (www.maybank2u.com.my) to
obtain the latest information on the Maybanks Fixed Deposit Rate.
-30-
Name of Fund RHB Malaysia DIVA Fund

Type of Fund Income and Capital Growth
Investor Risk Profile Moderate
Fund Objective
To provide total returns primarily through investment in equity and equity related
securities of companies which offer potentially high dividend yields and sustainable
dividend payments.
Investor Profile
are looking for potential income through equities that offer dividend and growth
potential;
have medium to long-term investment horizon.
Asset Allocation
Up to 100% of the Funds NAV can be invested in equities and/or fixed income
securities or liquid assets.
The Fund will invest in companies that offer higher than expected dividend yields
compared to other companies in the market and whose cash-flow generated by
business and management activities are expected to support such dividend payments.
The Fund therefore seeks to identify and invest in companies that focus on
shareholder value in the form of sustainable dividend returns combined with the
prospect for capital growth.

-31-
Name of Fund RHB Income Fund

Category of Fund Balanced
Type of Fund Income
Fund Objective
To provide investors with a balanced mix of income and potential growth through
investments across various types of asset.
Investor Profile
Suitable for investors whose primary investment requirement is income.
Asset Allocation
Equities: Up to 70% of the Funds NAV
Fixed Income: Up to 70% of the Funds NAV
RHB Income Fund strives to achieve a balanced return between consistent realized
income and capital appreciation that will also lead to preservation of capital in the
long term. The Fund invests in a diversified portfolio consisting primarily of high
quality equities/stocks and fixed income securities, with an emphasis on bonds to
reduce Fund volatility. The Manager invests primarily in equities/stocks which have
strong fundamentals and debt securities, which are of investment grades by a
nationally recognised agency.
Weighted average of FBM KLCI (30%) and Maybanks 12 Months Fixed Deposit
Rate (70%).
This benchmark is selected to reflect the neutral strategy of the Fund which aims to
provide investors with a balanced mix of income and potential growth through
investments across various types of asset.
-32-
Name of Fund RHB GoldenLife Funds RHB

GoldenLife Today
Category of Fund Bond
Type of Fund Income
Fund Objective
To provide retired investors or investors who are retiring in the very near future a
steady income stream in planning for their financial needs upon retirement.
Maturity Date
There is no maturity date, however, upon maturity of the RHB GoldenLife 2020 and
RHB GoldenLife 2030, those Funds will be merged into RHB GoldenLife Today.
Please refer to Section 4.2 on page 89 on the Automatic Termination and Merger.
Investor Profile
Suitable for retired investors or investors who are retiring in the near future.
Asset Allocation
Minimum of 80% and up to 100% of the Funds NAV will be invested in fixed
income securities and/or liquid assets
RHB GoldenLife Today will place more emphasis on fixed income securities in
Malaysia in view that it is a conservative fund. Given that the rebalancing exercise
and asset allocation process is dynamic, a dynamic and active investment strategy
will be employed. The asset allocation will be reviewed from time to time depending
on the judgement of the Manager as to the general market and economic conditions.
The bulk of the investments will be invested to provide income and short-term capital
appreciation with active disposal and liquidation of the investments, a strategy to
control risk as well as to optimise capital gains. Other risk management strategies and
techniques include diversification in terms of asset allocation and the use of futures
contracts for hedging purposes.
When deemed appropriate and for the benefit of the Fund, the Manager may take
temporary defensive positions in dealing with adverse market, economic, political and
other conditions, that may be inconsistent with the Funds principal strategy. The
-33-
Manager may choose to increase the asset allocation by allocating more investment
into risk free investments which are money market instruments and deposit in adverse
market condition.
Rate (90%).
The benchmark reflects the return of each asset classes as the Fund invests in more
than one asset classes.
-34-

GoldenLife 2020
Category of Fund Balanced
Fund Objective
To provide investors planning to retire in the year 2020, a wealth accumulation
vehicle for meeting their financial needs upon retirement.
Maturity Date
29
th
February 2020.
This Fund is designed to produce total return for investors planning to retire around
the year 2020. As the year 2020 approaches, this portfolio will increasingly resemble
RHB GoldenLife Today. This Fund will on its maturity date be automatically
terminated and merged into RHB GoldenLife Today. Please refer to Section 4.2 on
page 89 on the Automatic Termination and Merger.
Investor Profile
Suitable for investors who are planning to retire around the year 2020.
Asset Allocation
Minimum of 40% and up to 70% of the Funds NAV will be invested in equities
RHB GoldenLife 2020 will invest in equities and fixed income securities in Malaysia
and in accordance with an asset allocation that will become increasingly conservative
as the year 2020 approaches. Given that the rebalancing exercise and asset allocation
process is dynamic, a dynamic and active investment strategy will be employed. The
asset allocation will be reviewed from time to time depending on the judgement of the
Manager as to the general market and economic conditions. However, this entire asset
allocation structure will gradually resemble RHB GoldenLife Today as the Fund
approaches the year 2020.
The bulk of the investments will be invested over a medium to long term period with
active disposal and liquidation of the investments, a strategy to control risk as well as
-35-
to optimise capital gains. This is especially so when the full growth potential of the
investment is deemed to have been reduced over a prolonged bull run; and the
resultant liquidity may prove handy for further investments along similar lines when
the market has sufficiently eased off. Other risk management strategies and
techniques employed by the Manager include diversification in terms of asset
allocation and the use of futures contracts for hedging purposes.
market condition.

Rate (45%).
The benchmark is selected as it is consistent with the characteristic of the portfolio as
a balanced fund which invests into equities and fixed income securities.
-36-

GoldenLife 2030
Fund Objective
To provide investors planning to retire in the year 2030, a wealth accumulation
vehicle for meeting their financial needs upon retirement.
Maturity Date
28
th
February 2030.
This Fund is designed to produce total return for investors planning to retire around
the year 2030. As the year 2030 approaches, this portfolio will increasingly resemble
RHB GoldenLife Today. This Fund will on its maturity date be automatically
terminated and merged into RHB GoldenLife Today. Please refer to Section 4.2 on
page 89 on the Automatic Termination and Merger.

Investor Profile

Suitable for investors who are planning to retire around the year 2030.
Asset Allocation
Up to 30% of the Funds NAV will be invested in fixed income securities and/or
liquid assets
RHB GoldenLife 2030 will invest in equities and fixed income securities in Malaysia
and in accordance with an asset allocation that will become increasingly conservative
as the year 2030 approaches. Given that the rebalancing exercise and asset allocation
process is dynamic, a dynamic and active investment strategy will be employed. The
asset allocation will be reviewed from time to time depending on the judgement of the
Manager as to the general market and economic conditions. However this entire asset
allocation structure will gradually resemble RHB GoldenLife Today as the Fund
approaches the year 2030.
The bulk of the investments will be invested over a medium to long term period with
active disposal and liquidation of the investments, a strategy to control risk as well as
-37-
to optimise capital gains. This is especially so when the full growth potential of the
investment is deemed to have been reduced over a prolonged bull run; and the
resultant liquidity may prove handy for further investments along similar lines when
the market has sufficiently eased off. Other risk management strategies and
techniques employed by the Manager include diversification in terms of asset
allocation and the use of futures contracts for hedging purposes.
market condition.
Rate (15%).
The benchmark reflects the return of each asset classes as the Fund invests in more
than one asset classes.
-38-
Name of Fund RHB Cash Management Fund

Category of Fund Money Market
Type of Fund Income
Fund Objective
Aims to provide liquidity and regular income for investors through investments
primarily in the money market.
Investor Profile
Suitable for investors wanting to earn returns higher than savings deposits while
maintaining a high degree of liquidity.
Asset Allocation
Up to 100% of the Funds NAV will be invested in money market instruments
The investment strategy is to invest in a diversified portfolio of short-term money
market instruments, depending on the interest rate environment and the anticipated
redemption requests by the Unit Holders.
The risk management strategies and technique employed by the Manager include
diversification of the Funds assets allocation in terms of its exposure to various
classes/type of investment. The permitted investments and restrictions imposed by the
SC also provide a risk management framework. Moreover, the Manager in making its
investment decisions shall at all times comply with the investment restrictions and
requirements as set out in the Deed.

Maybanks Savings Rate.
Unit Holders may also log on to the Maybank website (www.maybank2u.com.my) to
obtain the latest information on the Maybanks Savings Rate.
-39-

Additional Disclosure
The minimum credit rating for the rated instruments to be invested by the Fund shall
be BBB3 or P3 by RAM or equivalent rating by any other similar rating agencies. In
the event of a credit downgrade of a particular instrument below the minimum
stipulated, the Manager will endeavour to take the necessary steps to divest that
instrument within a time frame deemed reasonable by the Manager. However, in
order to best protect the interests of the Fund, the Manager has the discretion to take
into consideration all relevant factors that affect the value of the investment before
deciding on the manner and time frame of its liquidation.
Investment in the Fund is not the same as placement in a deposit with a financial institution.
There are risks involved and investors should rely on their own evaluation or the advice of their
own professional advisers to assess the merits and risks when investing in the Fund.
-40-
Local Shariah Funds

Name of Fund RHB Mudharabah Fund
Category of Fund Balanced (Shariah)
External Investment
Manager
Fund Objective
To provide a balanced mix of income and potential for capital growth by investing in
stocks listed on the Bursa Malaysia or on any other stock exchanges, unlisted stocks
and Islamic debt securities and other non-interest bearing assets acceptable under
principles of Shariah. The Funds activities shall be conducted strictly in accordance
with the requirement of the Shariah principles and shall be monitored by the Shariah
Committee of the Fund.
Investor Profile
want an investment that complies with the principles of Shariah;
want a professionally managed portfolio of Shariah compliant equities, sukuk and
Islamic debt securities;
want to have a balanced portfolio that provides both income and capital growth;
and
Asset Allocation
Minimum of 40% of the Funds NAV will be invested in sukuk, Islamic debt
instruments, Islamic money market instruments and/or liquid assets acceptable
under Shariah principle.
RHB Mudharabah Fund is geared towards investors who look for Shariah based
investments that provide a mixture of safety, income, and capital appreciation. The
Funds objective is to achieve returns from the sukuk and Shariah compliant debt
instruments income stream, the dividend income stream, as well as capital
appreciation. The adjustments of asset allocation between equity, sukuk and Shariah
compliant debt instrument are formulated based on the economic analysis and
valuations of securities.
-41-
Equity investments of the Fund are limited to those in the SCs Shariah list which is
updated and published twice a year. These investments generally focus on companies
that have healthy prospective earnings growth, reasonable valuations and preferably
yielding dividend that are superior to the fixed deposit rates.
For Shariah compliant debt instrument, the Fund seeks investments amongst the
Shariah principled Shariah compliant debt instrument papers that are of investment
grade. The investments will be a duration led strategy depending on the yield curve
movement.

Weighted average of FTSE Bursa Malaysia Emas Shariah Index (50%) and
Maybanks 12 Months General Investment Account Rate (50%).
The FTSE Bursa Malaysia Emas Shariah Index is publicly available from major
newspaper publications. To obtain the latest information on the FTSE Bursa Malaysia
Emas Shariah Index, investors can refer to Bursa Malaysia website
(www.bursamalaysia.com).
Unit Holders may also log on to the Maybank website (www.maybank2u.com.my) to
obtain the latest information on the Maybanks 12 Months General Investment
Account Rate.
This benchmark is selected to reflect the neutral strategy of the Fund which aims to
provide investors with a balanced mix of income and potential capital growth by
investing in listed and non listed Shariah compliance stocks on Bursa Malaysia,
Islamic debt securities and other non-interest bearing assets.
-42-
Name of Fund RHB Islamic Bond Fund

Category of Fund Bond (Shariah)
Type of Fund Income
External Investment
Manager
Fund Objective
To provide regular income to investors through investments in Islamic debt securities
and bonds which are acceptable investment under the principles of Shariah.
Investor Profile
are risk averse;
want an investment that complies with the principles of Shariah;
want to have regular income from their investment;
want a professionally managed portfolio of sukuk and Islamic fixed income
securities; and
require higher returns than Islamic fixed deposits at an acceptable level of risk.
Asset Allocation
Up to 95% of the Funds NAV will be invested in sukuk and Islamic debt
instruments.
Minimum of 5% of the Funds NAV will be invested in liquid assets acceptable
under Shariah principle
The Fund will invest in sukuk and Islamic fixed income securities. Investments must
carry a minimum long term credit rating of BBB and above or a minimum short term
rating of P3 as assigned by RAM or its equivalent. To contain credit risk, the External
Investment Manager will ensure that the diversification of credit rating (and duration
standing) in the bond portfolio mitigate the overall risk position of the portfolio.
The External Investment Manager may also take temporary defensive measures that
may be inconsistent with the Funds principal strategy in attempting to respond to
adverse market conditions, economics, political or any other conditions which the
External Investment Manager deem detrimental to the Fund. The defensive measures
that the External Investment Manager may undertake are in no way to be deviated
from the mandates or breaching any laws and regulations. The Funds strategies in
yield enhancement for the portfolio will also be balanced with other investment needs
-43-
of the Fund, such as liquidity and risk management. On liquidity management, the
Fund will maintain sufficient amount of portfolio in liquid bond to accommodate
redemption. As for risk management, the portfolio duration is kept at optimal level
where yield enhancement can be optimised on risk adjusted basis, and at the same
time, balanced with the need for containing portfolios volatility.
Hence, during the temporary defensive period, the External Investment Manager may
choose to increase the asset allocation by allocating more investment into risk free
investments which are money market instruments and deposit in adverse market
condition.
Maybanks 12 Months General Investment Account Rate.
obtain the latest information on the Maybanks 12 Months General Investment
Account Rate.
-44-
Name of Fund RHB Islamic Growth Fund

Category of Fund Equity (Shariah)
Type of Fund Growth
External Investment
Manager
Fund Objective
To achieve long term growth by mainly investing in public listed companies with
growth potential, Islamic debt securities and other securities acceptable under the
Shariah principles.
Investor Profile
Suitable for investors who prefer higher capital growth investments acceptable under
the Shariah principles.
Asset Allocation
Minimum of 5% of the Funds NAV will be invested in sukuk, Islamic debt
instruments, Islamic money market instruments and/or liquid assets acceptable
under Shariah principle
RHB Islamic Growth Fund is geared towards investors who look for Shariah
compliant instruments that provide long term capital appreciation. The Fund will be
mainly investing in public listed companies with growth potential, sukuk, Islamic
debt securities and other securities acceptable under the Shariah principles.
Selection of equity investments of the Fund will be in line with those in the SCs
Shariah list which is updated and published twice a year. The External Investment
Manager utilises a strategy that seeks attractively priced companies in undervalued
sectors, or in sectors that have strong upward stock price momentum by seeking
businesses that demonstrate strong increase in earnings per share and continue to
strengthen their fundamental capabilities and competitive positions, amongst others.
The Fund may invest in fixed income securities to preserve the value of the Fund
under volatile market conditions. For fixed income securities, the Fund seeks
investments amongst the Shariah compliant fixed income papers that are of
investment grades. As such, the equities holding may be reduced.
-45-
FTSE Bursa Malaysia Emas Shariah Index.
To obtain the latest information on the FTSE Bursa Malaysia Emas Shariah Index,
investors can refer to Bursa Malaysias website (www.bursamalaysia.com).
-46-
Name of Fund RHB Islamic Cash Management Fund

Category of Fund Money Market (Shariah)
Type of Fund Income
External Investment
Manager
Fund Objective
To provide liquidity and a regular stream of income by investing in Shariah compliant
money market instruments.
Investor Profile
Suitable for investors wanting to earn returns higher than savings deposits while
maintaining a high degree of liquidity.
Asset Allocation
At least 90% invested into Islamic money market instruments and investment
accounts with licensed financial institutions that is not more than 365 days
maturity
Up to 10% invested in Islamic money market instruments and investment
accounts with licensed financial institutions that is more than 365 days but fewer
than 732 days maturity
The Fund is an Islamic money market fund whose investment strategy is to invest in a
diversified portfolio of short-term Islamic money market instruments and deposits
with financial institutions. Although the Fund is actively managed, any such trading
strategy will depend on the market opportunities and the anticipated redemption
requests by the Unit Holders. Specific risks associated with such securities and
investments are as elaborated in Section 9.2 of the Prospectus.
The risk management strategies and techniques employed by the External Investment
Manager include diversification of the Funds assets allocation in terms of its
exposure to various classes/type of investment. The permitted investments and
restrictions imposed by the SC also provide a risk management framework.
Moreover, the External Investment Manager in making its investment decisions shall
at all times comply with the investment restrictions, requirements as set out in the
Deed and the principles of the Shariah.
-47-
The Investment Policy takes into consideration the direct correlation between risk and
return for any investment alternative. The Investment Policy requires the Investment
Committee to:-
employ strategies for maximum capital protection through diversification and
risk acceptance strategies for optimal return on investment;
oversee the asset allocation between various forms of investments made to
meet the Investment Objectives of the Fund; and
review the investment results on a monthly basis against the performance of
benchmark indices.
Results will be evaluated on a total rate of return basis. The Investment Committee
also evaluates the Fund for compliance with its specific Investment Objectives.
The Investment Policy above applies to the Fund and may be varied by the Investment
Committee from time to time with the knowledge of the Trustee. Depending on the
prevailing circumstances, the Fund will adopt a suitable level of activeness and
frequency in trading for the purpose of meeting the Funds objective.
Maybank Al-Mudharabah (GIA) 1-Month Rate.
obtain the latest information on the Maybank Al-Mudharabah (GIA) 1-Month Rate.
To mitigate the risks confronting the Fund, the External Investment Manager will,
amongst other things:
constantly monitor market liquidity and pricing
adhere to the Funds objectives and investment restrictions and limits
constantly liaise with the Investment Committee for the Fund
Additional Disclosure
The minimum credit rating for the rated instruments to be invested by the Fund shall
be A by Malaysia Rating Corporation Berhad or equivalent rating by any other
similar rating agencies. In the event of a credit downgrade of a particular instrument
below the minimum stipulated, the External Investment Manager will endeavour to
take the necessary steps to divest that instrument within a time frame deemed
reasonable by the External Investment Manager. However, in order to best protect the
interests of the Fund, the External Investment Manager has the discretion to take into
consideration all relevant factors that affect the value of the investment before
deciding on the manner and time frame of its liquidation.
Investment in the Fund is not the same as placement in a deposit with a financial
institution. There are risks involved and investors should rely on their own evaluation or
the advice of their own preferred advisers to assess the merits and risks when investing
in the Fund.
-48-
Foreign Funds
Name of Fund RHB Dividend Valued Equity Fund
External Investment
Manager
UOB-OSK Asset Management Sdn Bhd
Fund Objective
To provide investors with total returns primarily through investment in equity and
equity related securities of companies which offer attractive yields and sustainable
dividend payments.
Investor Profile
Suitable for investors who want capital growth as well as income and are willing to
accept short term fluctuations in capital values.
Asset Allocation
The External Investment Manager will invest in companies that offer higher expected
dividend yields compared to other companies in the market and whose cash-flow
generated by business and management activities are expected to support such
dividend payments. The External Investment Manager therefore seeks to identify and
invest in companies that focus on shareholder value in the form of sustainable
dividend returns combined with the prospect for capital growth.
The Fund will invest abroad following the liberalisation of Bank Negara Malaysias
regulations on investments abroad. Any foreign investments made by the Fund will
be in line with the Funds objective and in foreign markets where the regulatory
authorities are members of the International Organization of Securities Commissions
(IOSCO). The Funds foreign investment will primarily be in equity and equity
related securities listed on established stock exchanges in countries within Asia and
other regions, namely China, Hong Kong, India, Indonesia, Korea, Philippines,
Singapore, Taiwan, Thailand, Australia and such other countries which are deemed fit
-49-
by the External Investment Manager. The SC will be duly notified of the foreign
markets in which the Fund will invest in. There is no target industry or sector. On top
of that, the Fund has the option to invest in stocks whether or not listed on the stock
exchange of the regions stated above but with assets in and revenues derived from
these regions. Subject to the investment restrictions of the Fund, the Deed and the
relevant laws, the Fund targets to invest up to 98% of its NAV abroad. For the
avoidance of doubt, the Fund has the discretion to invest in the local market
depending on the conditions of the local and foreign markets.
The External Investment Manager employs rigorous research to determine the
securities to be included in the investment portfolio. The External Investment
Manager believes long-term investment performance can be achieved by employing a
rigorous research process that enables it to identify companies that generate superior
cash flows as well as companies that are undervalued.
As mentioned above, fundamental and valuation analysis (bottom-up) forms an
integral part of the External Investment Managers research effort. Key elements of
this include:
Fundamental Evaluation - This includes the evaluation of company management,
products and services, competitive positioning, operating outlook, earnings
prospects, risk factors and corporate governance standards.
Valuation Analysis - We use the following approach to differing degrees
depending on the depth of coverage of the respective company:-
Valuation Models - We use variations of the discounted cash flow model
depending on the relevance of the model to the various industries. This
includes the Dividend Discount Model, the Gordon Growth Model and/or the
Discounted Free Cash Flow Model.
Comparative Multiples (P/Es, P/Bs, P/CF, P/NAV and Dividend Yield) and a
wide range of profitability measures (Operating Margin, ROE, ROIC vs. Cost
of Capital) are also used in our evaluation of the value of the company.
Financial Analysis As far as practical, we develop financial models to help
assess the businesses we are invested in. As part of this, estimates of
revenue, margins and earnings and cash flow, together with an assessment of
capital structure is required.
In addition, company visits, meetings with management and participation in
conference calls are important to the External Investment Managers research effort.
In the stock screening process, the External Investment Manager actively screens a
reasonable number of equity securities from a larger universe.

Morgan Stanley Capital International Asia Pacific Free ex Japan Index (MSCI).
Unit Holders can obtain information on the Morgan Stanley Capital International
Asia Pacific Free ex Japan Index (MSCI) from Bloomberg.
-50-

The External Investment Manager adopts the following forms of risk management
strategies to mitigate the risks inherent in the Fund:-
Adhering to the Funds investment objectives and investment restrictions and
limits;
Reporting investment matters to the Investment Committee of the Fund;
Diversification across asset classes;
Imposing limits on exposure to single company/group;
Duration management of the fixed income portfolio;
Liquidity management;
In-depth study of issuer (credit/bond structure/security);
Hedging against market risk through the use of derivative instruments such as
options and futures, where applicable;
Hedging against currency risks at point of transaction especially for transactions
involving fixed income securities; and
Hedging against credit/default risks by limiting the purchase of bonds to either
bank guaranteed bonds or approved investment grade bonds rated by RAM or any
other approved rating agencies.
-51-
Name of Fund RHB Global Themes Fund

Category of Fund Feeder Fund
Type of Fund Growth
Fund Objective
To provide investors with long-term growth of capital through a diversified
international portfolio investing in marketable securities, primarily equity securities,
including common stocks, preferred stocks, warrants and debt securities convertible
into common stocks.
Investor Profile
Suitable for investors with a moderate risk profile.
Asset Allocation
At least 95% of the Funds NAV will be invested in a Target Fund.
Up to 5% of the Funds NAV will be invested in liquid assets to provide for
liquidity purpose.
Although the Fund is passively managed, the investments in the Fund will be
rebalanced from time to time to meet redemptions and to enable the proper and
efficient management of the Fund.
The Fund is a feeder fund that invests in the DWS Global Themes Equity Fund. The
risk management strategies and techniques employed will be at the DWS Scheme
level through its global flexible approach and investment strategy that involves a high
degree of diversification between the asset classes and securities as well as
diversification across global geographical markets.
The Manager may take temporary defensive positions that may be inconsistent with
the Funds principal strategy in attempting to respond to adverse economic, political
or any other market conditions. In such circumstances, the Manager may reallocate up
to 100% of the Funds investments into other asset classes such as fixed income
securities, money market instruments, cash and deposits with licensed financial
institutions, which are defensive in nature.
-52-
Notwithstanding the above, the Manager may, in consultation with the Trustee,
replace the DWS Global Themes Equity Fund with another collective investment
scheme with a similar objective if, in the Managers opinion, the DWS Global
Themes Equity Fund no longer meets the Funds investment objective, or when
acting in interest of the Unit Holders. However, Unit Holders approval must be
obtained.

MSCI World (Net) Index.
Unit Holders can obtain information on the MSCI World (Net) Index from
Bloomberg.
The Manager adopts the following forms of risk management strategies to mitigate
the risk inherent in the Fund:-
The investment shall be monitored daily with regards to the investments position
in relation to the benchmark, sector exposure, investment restrictions, etc. As
some of the risks involved are inherent and may not be within the direct control of
the Manager, it may not be possible to completely hedge all risks. The Manager
shall however then take prudent and reasonable steps to anticipate foreseeable risks
and to minimise potential loss to the Unit Holders.
The Manager may exercise economic acumen by utilizing a network of research
and information providers to provide foresight on international and local
developments, which can impact investments. Such information will give the
Manager lead-time to re-align the investment, if required.
Temporary Defensive Measures
These can be undertaken upon consultation with the Investment Committee and
may include holding a high level of cash over investments in the DWS Global
Themes Equity Fund. The Manager also reserves the right to seek an alternative
investment manager and/or other collective investment scheme if the DWS
Global Themes Equity Fund is inconsistent with the objective of the Fund, with
approval of the Unit Holders.
Information On The DWS Global Themes Equity Fund
The DWS Global Themes Equity Fund Manager
The DWS Global Themes Equity Fund Manager is Deutsche Asset Management
(Asia) Limited, whose business address is at One Raffles Quay, #15-00 South Tower,
Singapore 048583.
Deutsche Asset Management group is one of the worlds leading investment
management organisations, with approximately Euros 532.5 billion (as at 30
September 2010) in assets under management globally. Deutsche Asset
Managements global team of investment professionals is dedicated to serving clients
-53-
around the clock and across the globe. Their investment professionals strive to deliver
out-performance and to develop new products to meet clients investment needs.
Deutsche Asset Management group is geographically divided into three regions, the
Americas (covering North America and South America), Europe and Asia Pacific,
providing the full range of investment management products across the risk/return
spectrum.
The DWS Global Themes Equity Fund Manager has been managing collective
investment schemes and discretionary funds in Singapore since 1987.
The Target Fund is regulated under the Securities & Futures Act (Chapter 289) of
Singapore and by the Monetary Authority of Singapore.
The 1-year fund performance versus the benchmark as at 30
th
April 2011:
30/4/2010-29/4/2011
DWS Global Themes Equity Fund (%) 8.08
MSCI World (%) 9.99
Source: Bloomberg and Lipper Hindsight
Structure Of The DWS Global Themes Equity Fund
The DWS Global Themes Equity Fund is a Singapore-authorised open-ended unit
trust with no fixed duration.
Classes
The DWS Global Themes Equity Fund currently offers three classes of units, namely
the Class A, Class B and Class I (Classes). The Classes may differ in terms of the
fees and charges, the minimum threshold amounts relating to subscription and
minimum realisation and holding requirements.
Limit Of Repurchase
Realisation of units of the DWS Global Themes Equity Fund by the investors may be
limited by the total number of units of the DWS Global Themes Equity Fund to be
realised on any dealing day to not exceed 10% of the total number of units of the
DWS Global Themes Equity Fund then in issue for the relevant class.
Sub-Manager Of The DWS Global Themes Equity Fund
Global Thematic Partners LLC has been appointed as the sub-manager for the DWS
Global Themes Equity Fund. Global Thematic Partners LLC is domiciled in the
United States of America and has been managing collective investment schemes and
discretionary funds since 1 July 2010. Global Thematic Partners LLC is registered as
an investment advisor with the Securities and Exchange Commission of the United
States of America, and their duties will include managing the futures contracts and
options on futures contracts held as investments of the DWS Global Themes Equity
Fund.
-54-
Investment Objective Of The DWS Global Themes Equity Fund

The DWS Global Themes Equity Fund seek to provide long-term growth of capital
through a diversified international portfolio of marketable securities, primarily equity
securities, including common stocks, preferred stocks, warrants and debt securities
convertible into common stocks.
Investment Focus And Approach Of The DWS Global Themes Equity Fund
The DWS Global Themes Equity Fund will generally invest in equity securities of
established companies listed on securities exchanges worldwide, but also may invest
in securities traded on any regulated market which operates regularly and is
recognised and open to the public. It may also invest in debt securities convertible
into common stocks, convertible and non-convertible preferred stock and fixed-
income securities of governments, government agencies, supranational agencies and
companies, when the DWS Global Themes Equity Fund Sub-Manager believes that
the potential for appreciation will equal or exceed that available from investments in
equity securities. Under certain circumstances, the DWS Global Themes Equity Fund
may also invest in zero coupon securities and, to the extent permitted by law and in
compliance with the DWS Global Themes Equity Funds investment restrictions,
securities of other collective investment schemes.
The DWS Global Themes Equity Fund may invest indirectly in securities of
European issuers through sponsored or unsponsored depository receipts. European
Depository Receipts (EDRs) represent interests in the equity securities of European
companies. EDRs in which the DWS Global Themes Equity Fund will invest are
transferable securities that are listed on a stock exchange or traded on a regulated
market which operates regularly and is recognised and open to the public. EDRs may
be issued in connection with either sponsored or unsponsored facilities. Unsponsored
facilities are created by a depository bank or trust company without the participation
of the private issuer. Sponsored facilities are created in the same manner as
unsponsored facilities except that they are established jointly by the depository bank
or trust company and the private issuer enters into a deposit agreement with the
depository bank.
The DWS Global Themes Equity Fund may invest indirectly in securities of
European issuers through sponsored or unsponsored Global Depository Receipts
(GDRs). GDRs are a financial instrument that private markets use to raise capital
denominated in U.S. Dollars or Euros. A bank certificate is issued in more than one
country for shares in a foreign company, and a foreign branch of an international
branch holds the shares. The shares trade as domestic shares, but are offered for sale
globally through various bank branches.
Investment Restrictions
The Non-Specialised Funds Investment Guidelines and the CPF Investment
Guidelines apply to the DWS Global Themes Equity Fund.
Distribution Policy For The DWS Global Themes Equity Fund
At the sole discretion of the DWS Global Themes Equity Fund Manager.
-55-
Qualified Portfolio Manager For The DWS Global Themes Equity Fund
Lead Portfolio Manager of DWS Global Themes Equity Fund
Oliver S. Kratz
Oliver Kratz began his career in the mid-1990s in the global equities team of Bankers
Trust Investment Management in New York, where he worked until it was acquired
by Deutsche Bank in 1999. Oliver became a portfolio manager for European Equities
and in 2002 the head of global emerging markets at DWS Scudder. In 2003, he
assumed the role of portfolio manager for Global Thematic Equities. Under Oliver's
leadership, the global thematic product more than quintupled its assets under
management by attracting a diverse, top-tier institutional client base.
In 2010, Oliver founded Global Thematic Partners, LLC, which takes the same
approach to global investing that has been cultivated and refined over the past 10
years. Over this period, he has assembled a team of analysts hailing from the US,
Europe, Japan, Latvia, and Pakistan, who are based in New York and continue to
support GTP's flagship Global Thematic Equity product.
Oliver spends most of his time evaluating investment ideas for the Global Thematic
Equity strategy via meetings with company management teams, think tanks,
academics, politicians, journalists, industry experts and other thought leaders around
the world.
Dr. Kratz received his PhD from the Fletcher School at Tufts University. Frankfurt-
born, studied in Frankfurt, Boston and Prague, he has published numerous articles on
global finance, as well as a book entitled Frontier Emerging Equity Markets
Securities Pricing Behavior and Valuation (Kluwer Academic Publishers).
Risks
Investment in collective investment schemes is intended to produce returns over the
medium to long term and is not suitable for short-term speculation. Investors should be
aware that the price and value of the units, and the income deriving or accruing from
them, may fall or rise, and that there is the possible loss of the original amount invested.
The Manager gives no assurance that the investment objective of the DWS Global
Themes Equity Fund (or, where relevant, any underlying fund) will be met.
Before investing in DWS Global Themes Equity Fund, investors should consider and
satisfy themselves as to the risks of investing in the DWS Global Themes Equity Fund.
The risks described below are not exhaustive and investors should be aware that the
DWS Global Themes Equity Fund might be exposed to other risks of an exceptional
nature from time to time.
The risks described below are not exhaustive and investors should be aware that the
DWS Global Themes Equity Fund and the underlying funds might be exposed to
other risks of an exceptional nature from time to time.
Investment in securities is subject to general market, political and economic
conditions and the value of securities fluctuate in response to the activities and
performance results of the companies invested into.
-56-
Under certain market conditions, it may be difficult or impossible to liquidate or

rebalance positions. For example, this may occur during volatile markets or crisis
situations or where trading under the rules of the relevant stock exchange is
suspended, restricted or otherwise impaired. During such times, the DWS Global
Themes Equity Fund may be unable to dispose of certain assets due to thin
trading or lack of a market or buyers. Placing a stop-loss order may not
necessarily limit the DWS Global Themes Equity Fund's losses to intended
amounts as market conditions may make it impossible to execute such an order at
the ideal price. In addition, such circumstances may force the DWS Global
Themes Equity Fund to dispose of assets at reduced prices, thereby adversely
affecting the DWS Global Themes Equity Fund's performance. Further, such
investments may be difficult to value with any degree of accuracy or certainty.
The dumping of securities in the market could further deflate prices. If the DWS
Global Themes Equity Fund incurs substantial trading losses, the need for
liquidity could rise sharply at the same time that access to liquidity is impaired.
Further, in a market downturn, the DWS Global Themes Equity Fund's
counterparties' financial conditions could be weakened, thereby increasing the
DWS Global Themes Equity Fund's credit risk to them.
Securities in emerging markets and some Asia markets may be more volatile than
securities of developed markets. This volatility may stem from political,
economic, legal, trading liquidity, currency and interest rate factors. There may
also be the possibility of changes in government policies in some of these markets
that may affect the ability to repatriate capital, income and proceeds. The
securities may also be less liquid, which will affect the ability to acquire or
dispose of these securities at the desired price and time. The laws and regulatory
framework of these countries may be less stringent and the disclosure,
accounting, auditing and financial standards may differ significantly from
internationally recognised standards. As a result, information on the company's
accounts of such securities may not be an accurate reflection of its financial
position.
Unlisted securities may involve a high degree of business and financial risks as
these securities are less liquid than listed securities. Further, the issuers of such
securities may not be subject to the same disclosure and investor protection
measures that are applicable to listed securities. Investments in warrants may
involve higher risks than investments in ordinary shares. When DWS Global
Themes Equity Fund invests in warrants, the values of these warrants are likely to
fluctuate more than the prices of the underlying securities because of the greater
volatility of warrant prices.
The assets and income of the DWS Global Themes Equity Fund may be
denominated in a number of different currencies other than the SGD and will thus
be subject to fluctuations in currency exchange rates and in certain cases,
exchange control regulations. The DWS Global Themes Equity Fund Manager
may fully or partially hedge the assets of the DWS Global Themes Equity Fund
back to the SGD if they deem this appropriate for the DWS Global Themes
Equity Fund. In such event, the DWS Global Themes Equity Fund Manager make
forecasts of currency exchange rates under different scenarios based on their
analysis of fundamental, technical and valuation factors that influence currency
movements. These forecasts are compared with the costs of hedging non-SGD
currencies. Non-SGD currency exposures are usually hedged when the expected
impact of currency movements are, in the DWS Global Themes Equity Fund
Managers reasonable opinion, adverse and more than outweigh the cost of
-57-
hedging. For DWS Global Themes Equity Fund structured as feeder funds, the
DWS Global Themes Equity Fund Manager does not intend to hedge the
currency exposure of investing into the underlying fund.
The prices of units of the DWS Global Themes Equity Fund may be quoted in a
currency other than the base currency of the DWS Global Themes Equity Fund.
Changes in the exchange rate between the base currency and the quoted currency
may lead to a depreciation of the value of such units as expressed in the quoted
currency. The DWS Global Themes Equity Fund Manager may, but currently do
not intend, to hedge against such exchange rate risks. Where a class of units is
designated in a currency other than the base currency, the DWS Global Themes
Equity Fund Manager may or may not mitigate the exchange rate risk to the
extent of the Net Asset Value attributed to such class. Although the financial
instrument used to mitigate the risk is not in relation to the other classes of units
within the DWS Global Themes Equity Fund, the financial instrument will
comprise the assets (or liabilities) of the DWS Global Themes Equity Fund as a
whole. The gains (or losses) on and the costs of the relevant financial instruments
will however accrue solely to the relevant class of units of the DWS Global
Themes Equity Fund.
Unless otherwise specified, the DWS Global Themes Equity Fund Manager use
derivatives (which may include currency forwards, currency options, bond
futures, warrants, swaps and options) to a limited degree and only where the
relevant investment guidelines permit. The DWS Global Themes Equity Fund
Manager will ensure that the risk management and compliance procedures and
controls adopted are adequate and that they has the necessary expertise and
control systems for investments in derivatives.
The use of derivatives involves increased risk. The successful use of such
instruments depends on the ability to accurately predict movements in stock
prices, interest rates, currency exchange rates or other economic factors and the
availability of liquid markets. If the predictions are wrong, or if the derivatives do
not work as anticipated, it may result in greater losses than if derivatives had not
been used. If over-the-counter (OTC) derivatives are used, there is increased
risk that the counterparty may fail to honour its contract. Risks are also greater for
instruments not traded on a recognised market, which are afforded less protection
as may apply to participants trading futures or options on organised exchanges,
such as the performance guarantee of an exchange clearing house. The volatility
of these securities is not constant. For example, changes in volatility may impact
on the value of certain options, especially for out-of-the-money options.
Volatility also tends to be mean reverting. When volatility reaches a very high
level, the value of these securities are more likely to decline than to rise.
Conversely, when volatility reaches a very low level the value of these securities
are more likely to rise than to decline.
The value of bonds and fixed income instruments are subject to interest rate
fluctuations and credit risks, such as risk of default by issuers.
The DWS Global Themes Equity Fund may be subject to tax exposure on their
underlying investments, whether in Singapore or elsewhere. Any such tax
exposure will be borne by the DWS Global Themes Equity Fund and may impact
the value of the DWS Global Themes Equity Fund.
-58-
The insolvency of any counterparty, including a custodian, can adversely affect

the ability of such counterparty to meet its payment obligations to the DWS
Global Themes Equity Fund. The insolvency of a counterparty may lead to the
forced liquidation or closing of DWS Global Themes Equity Funds position held
with it and the DWS Global Themes Equity Fund may not recover the
investments already made.
Credit ratings of instruments invested into by DWS Global Themes Equity Fund
represent the rating agencies opinions regarding the credit quality of the
instruments or institution and are not a guarantee of quality. Rating agencies
rating methodology relies on historical data, which may not be predictive of
future trends and the agencies may also fail to make timely changes in credit
ratings in response to subsequent change of circumstances.
The DWS Global Themes Equity Fund Manager are entitled to rely, without
independent investigation, upon pricing information and valuations furnished to
the DWS Global Themes Equity Fund by third parties, including pricing services
and independent brokers/dealers. Their accuracy depends on these parties
methodology, due diligence and timely response to changing conditions. The
DWS Global Themes Equity Fund Manager cannot be held responsible for any
failures by such parties in their valuations.
The DWS Global Themes Equity Fund Manager may accept subscriptions from
institutional investors and such subscriptions may constitute a large portion of the
total investments in DWS Global Themes Equity Fund. Whilst these institutional
investors will not have any control over the DWS Global Themes Equity Fund
Managers investment decisions, the actions of such investors may have a
material effect on the DWS Global Themes Equity Fund. For example,
substantial realisations of units by an institutional investor over a short period of
time could necessitate the liquidation of DWS Global Themes Equity Fund's
assets at a time and in a manner which does not provide the most economic
advantage to DWS Global Themes Equity Fund and which could therefore
adversely affect the value of DWS Global Themes Equity Fund's assets.
Global Thematic Partners LLC may use financial derivative instruments for the
purpose of hedging the DWS Global Themes Equity Funds existing positions,
efficient portfolio management and/or meeting the investment objective of the
DWS Global Themes Equity Fund.
The use of financial derivative instruments may entail greater risks than direct
investment in the underlying assets. Risks associated with derivatives include:
(a) the risk that the derivative is not well correlated with the security, index or
currency for which it is acting as a substitute;
(b) the risk that derivatives used for risk management may not have the intended
effects and may result in losses or missed opportunities;
(c) the risk that the DWS Global Themes Equity Fund will be unable to sell the
derivative because of an illiquid secondary market;
(d) the risk that a counterparty is unwilling or unable to meet its obligations;
(e) the risk of interest rate movements; and
(f) the risk that the derivatives transaction could expose the DWS Global Themes
Equity Fund to the effect of leverage, which could increase the DWS Global
Themes Equity Funds exposure to the market and magnify potential losses that it
could have if it had not entered into these transactions.
-59-
There is no guarantee that these derivatives activities will be employed or that

they will work, and their use could cause lower returns or even losses to the DWS
Global Themes Equity Fund.
Global Thematic Partners LLC will ensure that the exposure of the DWS Global
Themes Equity Fund to financial derivative instruments will not at any time
exceed 100% of the value of the deposited property of the DWS Global Themes
Equity Fund. Such exposure will be calculated by converting the derivative
positions into equivalent positions in the underlying assets embedded in those
derivatives.
Global Thematic Partners LLC has established limits for every approved broker
and derivatives counterparty (counterparties). The limits will vary according to
the credit standings (with minimum short term ratings: P1 (Moody) / A-
1(Standard & Poors) / F-1 (Fitch)) of the counterparties. Such limits are
monitored daily for outstanding exposure against established limits and any limit
breach will be escalated internally.
Global Thematic Partners LLC has also established internal exposure limits for
the Fund to various financial derivative instruments such as options and futures
contracts. Such product specific limits are closely monitored by the Global
Thematic Partners LLC's compliance department, which is independent from the
investment staff.
All transactions are subject to post-trade checks. There is also proper segregation
of duties between portfolio managers initiating the trades and derivative traders
who will execute the trades. The trade support team will verify that all
appropriate signoffs were obtained before processing the trade. Any incomplete
trade authorisation or incomplete trade information will be immediately
communicated to compliance for review and resolution.
Global Thematic Partners LLC will ensure that the risk management and
compliance procedures and controls adopted are adequate and that it has the
necessary expertise to control and manage the risks relating to the use of financial
derivative instruments. Global Thematic Partners LLC may modify the risk
management and compliance procedures and controls as it deem fit and in the
interests of the DWS Global Themes Equity Fund.
(Source : DWS Premier Investments Funds Prospectus dated 8
th
November 2010)
-60-
Name of Fund RHB Asian Total Return Fund

Type of Fund Income
Fund Objective
The Fund aims to provide investors with income return primarily through investment
in a portfolio of bonds and other fixed and floating rate securities issued by
governments, government agencies, supra-national and corporate issuers in Asia
excluding Japan.
Investor Profile
Asset Allocation
At least 95% of the Funds NAV will be invested in a Target Fund
liquidity purpose
The Fund will invest principally in Schroder International Selection Fund Asian Bond
Absolute Return (SISF Asian Bond Absolute Return) launched on 16 October 1998
(Class A distribution shares). The SISF Asian Bond Absolute Return is a collective
investment scheme domiciled in Luxembourg investing in a portfolio of bonds and
other fixed and floating rate securities issued by governments, government agencies,
supra-national and corporate issuers in Asia excluding Japan.
Although the Fund is passively managed, the investments in the Fund will be
rebalanced from time to time to meet redemptions and to enable the proper and
efficient management of the Fund.
The Fund is a feeder fund that invests in the SISF Asian Bond Absolute Return. The
SISF Asian Bond Absolute Return seeks to capture and participate meaningfully in
broad market themes in Asia (ex Japan) fixed income markets and combine these
themes with security-specific credit ideas to achieve its aim of achieving positive
returns over the medium term. The SISF Asian Bond Absolute Return is actively
managed and seeks to add value to investors through diversified sources in a
benchmark unconstrained framework. The SISF Asian Bond Absolute Return uses a
mix of top-down macroeconomic analysis and bottom-up security selection in seeking
to add value in the three core areas of interest rates, currencies and credits. The risk
management strategies and techniques employed will be at the SISF Asian Bond
Absolute Return level through its global flexible approach and investment strategy
that involve a high degree of diversification between securities as well as
diversification across geographical markets. By investing across different Asian
-61-
countries in debt denominated in both major and regional currencies and selected
diversification outside of Asia (where permitted), the SISF Asian Bond Absolute
Return seeks to reduce overall portfolio volatility.
institutions, which are defensive in nature. In addition, the Manager may take foreign
exchange hedge positions in order to mitigate currency exposure that may erode the
Funds returns.
Notwithstanding the above, the Manager may, in consultation with the Trustee,
replace the SISF Asian Bond Absolute Return with another collective investment
scheme with a similar objective if, in the Managers opinion, the SISF Asian Bond
Absolute Return no longer meets the Funds investment objective, or when acting in
the interest of the Unit Holders. However, Unit Holders approval must be obtained.

Citigroup Treasury/Agency Index (Total Return).
Unit Holders can obtain information on the Citigroup Treasury/Agency Index (Total
Return) from Bloomberg.
The investment shall be monitored daily with regards to the investments position
in relation to sector exposure, investment restrictions, etc. As some of the risks
involved are inherent and may not be within the direct control of the Manager, it
may not be possible to completely hedge all risks. The Manager shall however then
take prudent and reasonable steps to anticipate foreseeable risks and to minimise
potential loss to Unit Holders.
The Manager may exercise economic acumen by utilizing a network of research
and information providers to provide foresight on international and local
developments, which can impact investments. Such information will give the
Manager lead-time to re-align the investment, if required.
Temporary Defensive Measures
These can be undertaken upon consultation with the Investment Committee and
may include holding a high level of cash over investments in the SISF Asian
Bond Absolute Return. The Manager also reserves the right to seek an alternative
investment manager and/or other collective investment scheme if the SISF Asian
Bond Absolute Return is inconsistent with the objective of the Fund, with
approval of the SC.
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Information On The SISF Asian Bond Absolute Return

About Schroder International Selection Fund (SISF) Asian Bond Absolute Return
SISF is an umbrella structured open-ended investment company with limited liability,
organised as a socit anonyme under the laws of the Grand Duchy of Luxembourg
and qualifies as a Socit dInvestissement a Capital Variable (SICAV). SISF
operates separate funds, each of which is represented by one or more classes of
shares. The funds are distinguished by their specific investment policy or any other
specific features. The SISF Asian Bond Absolute Return, launched on 16 October
1998, is one of the said funds.
SISF constitutes a single legal entity, but the assets of each fund shall be invested for
the exclusive benefit of the shareholders of the corresponding fund and the assets of a
specific fund are solely accountable for the liabilities, commitments and obligations
of that fund.

SISF has appointed J.P. Morgan Bank Luxembourg S.A. (J.P. Morgan) as its
custodian. J.P. Morgan was incorporated as a socit anonyme and its principal
activities are custodial and investment administration services.
The Target Fund is regulated under the laws of the Grand Duchy of Luxembourg and
by the Commission de Surveillance du Secteur Financier (Luxembourg Financial
Sector Supervisory Authority).
th
April 2011:
30/4/2010-29/4/2011
SISF Asian Bond Absolute Return (%) -3.45
Citigroup Treasury/Agency Index (Total Return) (%) -2.72
Management Company Of The SISF Asian Bond Absolute Return
The Directors of SISF have designated Schroder Investment Management
(Luxembourg) S.A. (Schroders (Luxembourg)) as its management company to
perform investment management, administration and marketing functions. Schroders
(Luxembourg) was incorporated as a socit anonyme in Luxembourg and has been
authorized as a management company to provide collective portfolio management
services to undertakings for collective investment. Schroders (Luxembourg) has also
delegated certain management functions to the investment manager of the SISF Asian
Bond Absolute Return, namely Schroder Investment Management (Singapore) Ltd
(SIMSL).

SIMSL was incorporated in Singapore on 29 February 1992 and has been managing
collective investment schemes and discretionary funds in Singapore since the
1970s.The company is a member of the Schroders Group (Schroders). Schroders
offers a range of investment products which as at 31 March 2011 managed
investment assets of approximately US$322.8 billion worldwide. The Schroders
Group is one of the largest and most internationally diverse independent investment
managers providing investment management, research and marketing services from
offices located in 25 countries. While many financial institutions try to provide all
things to their clients, Schroders specialise in just one pure investment management.
As at 31 March 2011, Schroders employ 2,613 talented people worldwide operating
from 32 offices in 25 different countries across Europe, the Americas, Asia and the
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Middle East, close to the markets in which we invest and close to our clients.
Schroders aims to apply its specialist asset management skills in serving the needs of
its clients worldwide through its large network of offices and over 328 portfolio
managers and analysts covering the worlds investment markets.
Schroders is a leading global asset management company, whose history dates back
200 years. The groups holding company, Schroders Plc is and has been listed on the
London Stock Exchange since 1959.
Investment Objective Of The SISF Asian Bond Absolute Return
The SISF Asian Bond Absolute Return seeks to provide an absolute return of capital
growth and income primarily through investment in a portfolio of bonds and other
fixed and floating rate securities issued by governments, government agencies, supra-
national and corporate issuers in Asia excluding Japan.
Classes Of Shares Under The SISF Asian Bond Absolute Return
The SISF Asian Bond Absolute Return currently offers six classes of shares, namely
the Class A, Class A1, Class B, Class B1, Class C and Class I (Classes). The
Classes may differ in terms of the fees structure, currency of denomination or other
specific feature. The Fund invests in Class A distribution shares of the SISF Asian
Bond Absolute Return.
Investment Strategy Of The SISF Asian Bond Absolute Return
The SISF Asian Bond Absolute Return seeks to capture and participate meaningfully
in broad market themes in Asia (ex Japan) fixed income markets and combine these
themes with security-specific credit ideas to achieve its aim of achieving positive
absolute returns over the medium term. The SISF Asian Bond Absolute Return is
actively managed and seeks to add value to investors through diversified sources in a
benchmark unconstrained framework. The SISF Asian Bond Absolute Return uses a
mix of top-down macroeconomic analysis and bottom-up security selection in seeking
to add value in the three core areas of interest rates, currencies and credits. By
investing across different Asian countries in debt denominated in both major and
regional currencies and selected diversification outside of Asia (where permitted), the
SISF Asian Bond Absolute Return seeks to reduce overall portfolio volatility.
Key features of the SISF Asian Bond Absolute Returns investment process:
(i) Three lever investment approach seeking to add value in three core areas of
interest rates, currencies and credits;
(ii) Combines top-down macroeconomic analysis with bottom-up security
selection;
(iii) Benchmark unconstrained approach enables active management within risk
parameters;
(iv) Highly integrated with Schroders global fixed income strategy group for
strategy formulation;
(v) Proprietary research database enables efficient internal information exchange
and communication.
Investment Scope Of The SISF Asian Bond Absolute Return
Detailed below is a summary of the investment scope and restrictions applicable to
SISF Asian Bond Absolute Return as a whole as set out in SISFs prospectus (the
SISF Prospectus). If you need more information, kindly visit their website at
www.schroders.lu.
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Investment In Transferable Securities And Liquid Assets

(A) SISF will invest in:
(i) Transferable securities and money market instruments admitted to an official
listing on a stock exchange in an Eligible State (as defined in the SISF
Prospectus); and/or
(ii) Transferable securities and money market instruments dealt in on another
market which is regulated, operates regularly and is recognized and open to the
public in an Eligible State (Regulated Market); and/or
(iii) Recently issued transferable securities and money market instruments,
provided that the terms of issue include an undertaking that application will be
made for admission to official listing on an official stock exchange or another
Regulated Market and such admission is achieved within one year of the issue.
(iv) Units of undertaking for collective investment in transferable securities
(UCITS) and/or of other undertakings for collective Investment (other
UCIs) within the meaning of Article 1(2) of Council Directive 85/611/EEC of
20 December 1985, as amended, whether situated in an European Union
(EU) member state or not, provided that:
- Such other UCIs have been authorised under laws which provide that
they are subject to supervision considered by the Commission de
Surveillance du Secteur Financier to be equivalent to that laid down in
EU Law, and that cooperation between authorities is sufficiently
ensured,
- The level of protection for shareholders in such other UCIs is
equivalent to that provided for Shareholders in a UCITS, and in
particular that the rules on assets segregation, borrowing, lending, and
uncovered sales of transferable securities and money market
instruments are equivalent to the requirements of directive
85/661/EEC,
- The business of such other UCIs is reported in half-yearly and annual
reports to enable an assessment of the assets and liabilities, income and
operations over the reporting period,
- No more than 10% of the assets of the UCITS or of the other UCIs,
whose acquisition is contemplated, can, according to their
constitutional documents, in aggregate be invested in units of other
UCITS or other UCIs; and/or
(v) Deposits with credit institutions which are repayable on demand or have the
right to be withdrawn, and maturing in no more than 12 months, provided that
the credit institution has its registered office in a country which is an EU
member state or, if the registered office of the credit institution is situated in a
non-EU member state, provided that it is subject to prudential rules considered
by the CSSF as equivalent to those laid down in EU Law; and/or
(vi) Financial derivative instruments, including equivalent cash-settled instruments,
dealt in on a Regulated Market and/or financial derivative instruments dealt in
over-the-counter ("OTC derivatives"), provided that:
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- The underlying consists of securities covered by this section (A),

financial indices, interest rates, foreign exchange rates or currencies, in
which the SISF funds may invest according to their investment
objective;
- The counterparties to OTC derivative transactions are institutions
subject to prudential supervision, and belonging to the categories
approved by the Luxembourg supervisory authority;
- The OTC derivatives are subject to reliable and verifiable valuation on
a daily basis and can be sold, liquidated or closed by an offsetting
transaction at any time at their fair value at SISFs initiative.
and /or
(vii) Money market instruments other than those dealt in on a Regulated Market, if
the issue or the issuer of such instruments are themselves regulated for the
purpose of protecting investors and savings, and provided that such instruments
are:
- Issued or guaranteed by a central, regional or local authority or by a
central bank of an EU member state, the European Central Bank, the
European Union or the European Investment Bank, a non-EU member
state or, in case of a Federal State, by one of the members making up
the federation, or by a public international body to which one or more
EU member states belong, or
- Issued by an undertaking any securities of which are dealt in on
Regulated Markets, or
- Issued or guaranteed by an establishment subject to prudential
supervision, in accordance with criteria defined in EU Law.
- Issued by other bodies belonging to categories approved by the
Luxembourg supervisory authority provided that investments in such
instruments are subject to investor protection equivalent to that laid
down in the first, the second or the third indent and provided that the
issuer is a company whose capital and reserves amount to at least ten
million euro (10,000,000 euro) and which presents and publishes its
annual accounts in accordance with the fourth Directive 78/660/EEC, is
an entity which, within a group of companies which includes one or
several listed companies, is dedicated to the financing of the group or is
an entity which is dedicated to the financing of securitisation vehicles
which benefit from a banking liquidity line.
In addition, SISF may invest a maximum of 10% of the net asset value of the
SISF Asian Bond Absolute Return in transferable securities and money market
instruments other than those referred to under sub-sections (i) to (vii) above.
(B) The SISF Asian Bond Absolute Return, may hold ancillary liquid assets. Liquid
assets used to back-up financial derivative exposure are not considered as
ancillary liquid assets.
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(C) (i) The SISF Asian Bond Absolute Return may invest no more than 10% of its
net asset value in transferable securities or money market instruments issued
by the same issuing body (and in the case of structured financial instruments
embedding derivative instruments, both the issuer of the structured financial
instruments and the issuer of the underlying securities). The SISF Asian Bond
Absolute Return may not invest more than 20% of its net assets in deposits
made with the same body. The risk exposure to a counterparty of a fund in an
OTC derivative transaction may not exceed 10% of its net assets when the
counterparty is a credit institution referred to in (A)(v) above or 5% of its net
assets in other cases.
(ii) Furthermore, where the SISF Asian Bond Absolute Return holds investments
in transferable securities and money market instruments of any issuing body
which individually exceed 5% of the net asset value of the SISF Asian Bond
Absolute Return, the total value of all such investments must not account for
more than 40% of the net asset value of the SISF Asian Bond Absolute
Return.
This limitation does not apply to deposits and OTC derivative transactions
made with financial institutions subject to prudential supervision.
Notwithstanding the individual limits laid down in sub-paragraph (C) (i), the
SISF Asian Bond Absolute Return may not combine:
- Investments in transferable securities or money market instruments
issued by,
- Deposits made with, and/or
- Exposures arising from OTC derivative transactions undertaken with
a single body in excess of 20% of its net assets.
(iii) The limit of 10% laid down in sub-paragraph (C)(i) above shall be 35% in
respect of transferable securities or money market instruments which are
issued or guaranteed by an EU member state, its local authorities or by an
Eligible State or by public international bodies of which one or more EU
member states are members.
(iv) The limit of 10% laid down in sub-paragraph (C) (i) above shall be 25% in
respect of debt securities which are issued by highly rated credit institutions
having their registered office in an EU member state and which are subject
by law to a special public supervision for the purpose of protecting the
holders of such debt securities, provided that the amount resulting from the
issue of such debt securities are invested, pursuant to applicable provisions
of the law, in assets which are sufficient to cover the liabilities arising from
such debt securities during the whole period of validity thereof and which are
assigned to the preferential repayment of capital and accrued interest in the
case of a default by such issuer.
If the SISF Asian Bond Absolute Return invests more than 5% of its assets in
the debt securities referred to in the sub-paragraph above and issued by one
issuer, the total value of such investments may not exceed 80% of the value
of the assets of the SISF Asian Bond Absolute Return.
(v) The transferable securities and money market instruments referred to in sub-
paragraphs (C)(iii) and (C)(iv) are not included in the calculation of the limit
of 40% referred to in sub-paragraph (C)(ii).
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The limits set out in sub-paragraphs (C)(i), (C)(ii), (C)(iii) and (C)(iv) above
may not be aggregated and, accordingly, the value of investments in
transferable securities and money market instruments issued by the same
body, in deposits or derivative instruments made with this body, effected in
accordance with sub-paragraphs (C)(i), (C)(ii), (C)(iii) and (C) (iv) may not,
in any event, exceed a total of 35% of the SISF Asian Bond Absolute
Returns net asset value.
Companies which are included in the same group for the purposes of
consolidated accounts, as defined in accordance with directive 83/349/EEC
or in accordance with recognised international accounting rules, are regarded
as a single body for the purpose of calculating the limits contained in this
paragraph (C).
The SISF Asian Bond Absolute Return may cumulatively invest up to 20%
of its net assets in transferable securities and money market instruments
within the same group.
(vi) Without prejudice to the limits laid down in sub-paragraph (D), the limits
laid down in this sub-paragraph (C) shall be 20% for investments in shares
and/or bonds issued by the same body if the aim of the SISF Asian Bond
Absolute Returns investment policy is to replicate the composition of a
certain stock or bond index which is recognised by the Luxembourg
supervisory authority, provided
- The composition of the index is sufficiently diversified,
- The index represents an adequate benchmark for the market to which
it refers,
- It is published in an appropriate manner.
The limit laid down in the subparagraph above is raised to 35% where it
proves to be justified by exceptional market conditions in particular in
regulated markets where certain transferable securities or money market
instruments are highly dominant provided that investment up to 35% is only
permitted for a single issuer.
(vii) Where the SISF Asian Bond Absolute Return has invested in accordance
with the principle of risk spreading in transferable securities or money
market instruments issued or guaranteed by an EU member state, by its local
authorities or by an Eligible State or by public international bodies of which
one or more EU member states are members, SISF may invest 100% of the
net asset value of the SISF Asian Bond Absolute Return in such securities
provided that the SISF Asian Bond Absolute Return must hold securities
from at least six different issues and the value of securities from any one
issue must not account for more than 30% of the net asset value of the SISF
Asian Bond Absolute Return.

Subject to having due regard to the principle of risk spreading, the SISF
Asian Bond Absolute Return need not comply with the limits set out in this
paragraph (C) for a period of 6 months following the date of its launch.
(D) (i) SISF may not normally acquire shares carrying voting rights which would
enable SISF to exercise significant influence over the management of the
issuing body.
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(ii) SISF may acquire no more than (a) 10% of the non-voting shares of any
single issuing body, (b) 10% of the value of debt securities of any single
issuing body, (c) 10% of the money market instruments of the same issuing
body, and/or (d) 25% of the units of the same collective investment
undertaking. However, the limits laid down in (b), (c) and (d) above may be
disregarded at the time of acquisition if at that time the gross amount of the
debt securities or of the money market instruments or the net amount of
securities in issue cannot be calculated.
The limits set out in sub-paragraph (D)(i) and (ii) above shall not apply to:
(i) Transferable securities and money market instruments issued or guaranteed
by an EU member state or its local authorities;
(ii) Transferable securities and money market instruments issued or guaranteed
by any other Eligible State;
(iii) Transferable securities and money market instruments issued by public
international bodies of which one or more EU member states are members;
or
(iv) Shares held in the capital of a company incorporated in a non-EU member
state which invests its assets mainly in the securities of issuing bodies having
their registered office in that state where, under the legislation of that state,
such holding represents the only way in which the SISF Asian Bond
Absolute Returns assets may invest in the securities of the issuing bodies of
that state, provided, however, that such company in its investment policy
complies with the limits laid down in Articles 43, 46 and 48 (1) and (2) of
the Law of 20 December 2002 (as defined in the SISF Prospectus).
(E) The SISF Asian Bond Absolute Return may not invest more than 10% of its net asset
value in units of UCITS or other UCIs. In addition, the following limits shall apply:

(i) When the SISF Asian Bond Absolute Return invests in the units of other
UCITS and/or other UCIs linked to SISF by common management or
control, or by a direct or indirect holding of more than 10% of the capital or
the voting rights, or managed by a management company linked to the
investment manager, no subscription or redemption fees may be charged to
SISF on account of its investment in the units of such other UCITS and/or
UCIs.
In respect of the SISF Asian Bond Absolute Return's investments in UCITS
and other UCIs linked to SISF as described in the preceding paragraph, there
shall be no management fee charged to that portion of the assets of the SISF
Asian Bond Absolute Return. SISF will indicate in its annual report the total
management fees charged both to the SISF Asian Bond Absolute Return and
to the UCITS and other UCIs in which SISF Asian Bond Absolute Return
has invested during the relevant period.
(ii) SISF may acquire no more than 25% of the units of the same UCITS and/or
other UCI. This limit may be disregarded at the time of acquisition if at that
time the gross amount of the units in issue cannot be calculated. In case of a
UCITS or other UCI with multiple sub-funds, this restriction is applicable by
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reference to all units issued by the UCITS/UCI concerned, all sub-funds

combined.
(iii) The underlying investments held by the UCITS or other UCIs in which the
SISF Asian Bond Absolute Return invest do not have to be considered for
the purpose of the investment restrictions set forth under (C) above.
Investment In Other Assets
SISF will not make investments in precious metals or certificates representing these, nor
make investments into commodities. In addition, SISF will not enter into financial
derivative instruments on precious metals or commodities. This does not prevent SISF
from gaining exposure to precious metals or commodities by investing into financial
instruments backed by precious metals or commodities or financial instruments whose
performance is linked to precious metals or commodities.
SISF will not purchase or sell real estate or any option, right or interest therein, provided
SISF may invest in securities secured by real estate or interests therein or issued by
companies which invest in real estate or interests therein.
SISF may not carry out uncovered sales of transferable securities, money market
instruments or other financial instruments referred to in (A) (iv), (vi) and (vii).
SISF may not borrow for the account of SISF Asian Bond Absolute Return, other than
amounts which do not in aggregate exceed 10% of the net asset value of the SISF Asian
Bond Absolute Return, and then only as a temporary measure. For the purpose of this
restriction back to back loans are not considered to be borrowings.
SISF will not mortgage, pledge, hypothecate or otherwise encumber as security for
indebtedness any securities held for the account of SISF Asian Bond Absolute Return,
except as may be necessary in connection with the borrowings mentioned in paragraph
(E) above, and then such mortgaging, pledging, or hypothecating may not exceed 10% of
the net asset value of the SISF Asian Bond Absolute Return. In connection with swap
transactions, option and forward exchange or futures transactions the deposit of securities
or other assets in a separate account shall not be considered a mortgage, pledge or
hypothecation for this purpose.
SISF will not underwrite or sub-underwrite securities of other issuers.
SISF will on a Fund by Fund basis comply with such further restrictions as may be
required by the regulatory authorities in any country in which the shares are marketed
Financial Derivative Instruments
As specified in (A)(vi) above, SISF may in respect of the SISF Asian Bond Absolute Return
invest in financial derivative instruments.
SISF shall ensure that the global exposure of the SISF Asian Bond Absolute Return relating
to derivative instruments does not exceed the total net assets of the Asian Bond. The SISF
Asian Bond Absolute Return's overall risk exposure shall consequently not exceed 200% of
its total net assets. In addition, this overall risk exposure may not be increased by more than
10% by means of temporary borrowings (as referred to in section 2(E) above) so that it may
not exceed 210% of the SISF Asian Bond Absolute Return's total net assets under any
circumstances.
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The global exposure relating to derivative instruments is calculated taking into account the
current value of the underlying assets, the counterparty risk, foreseeable market movements
and the time available to liquidate the positions. This shall also apply to the following
subparagraphs.
The SISF Asian Bond Absolute Return may invest in financial derivative instruments, as a
part of its investment policy and within the limits laid down in section (A)(vi) and restriction
(C)(v), in financial derivative instruments provided that the exposure to the underlying assets
does not exceed in aggregate the investment limits laid down in restrictions (C)(i) to (vii).
When SISF Asian Bond Absolute Return in index-based financial derivative instruments
compliant with the provisions of restriction (C)(i) to (vii), these investments do not have to
be combined with the limits laid down in section (C). When a transferable security or money
market instrument embeds a derivative, the latter must be taken into account when complying
with the requirements of this restrictions. SISF Asian Bond Absolute Return may use
financial derivative instrument for investment purposes and for hedging purposes, within the
limits of the Law of 20 December 2002. Under no circumstances shall the use of these
instruments and techniques cause SISF Asian Bond Absolute Return to diverge from its
investment policy or objective. The risks against which SISF Asian Bond Absolute Return
could be hedged may be, for instance, market risk, foreign exchange risk, interest rates risk,
credit risk, volatility or inflation risks.
Unless specified in the SISF Asian Bond Absolute Returns investment objective, the global
exposure relating to financial derivative instruments will be calculated using a commitment
approach. Funds applying a Value-at-Risk (VaR) approach to calculate their global exposure
will contain an indication thereto in Appendix III. VaR reports will be produced and
monitored on a daily basis based on the following criteria:
1 month holding period ;
99% unilateral confidence interval ;
at least a one year effective historical observation period (250 days) unless market
conditions require a shorter observation period; and
parameters used in the model are updated at least quarterly.
Stress testing will also be applied at a minimum of once per month.
Use Of Techniques And Instruments Relating To Transfer Of Securities And Money Market
Instruments
Techniques and instruments (including, but not limited to, securities lending or repurchase
agreements) relating to transferable securities and money market instruments may be used by
each Fund for the purpose of efficient portfolio management.
To the extent permitted by and within the limits prescribed by the Regulations and in
particular the Commission de Surveillance du Secteur Financier (Luxembourg Financial
Sector Supervisory Authority) Circular 08/356 relating to the use of financial techniques and
instruments, SISF Asian Bond Absolute Return may for the purpose of generating additional
capital or income or for reducing its costs or risks, enter as purchaser or seller into optional or
non-optional repurchase transactions and engage in securities lending transactions.
In respect of repurchase transactions, the SISF Asian Bond Absolute Return will obtain from
its counterparty collateral of a type and market value sufficient to satisfy the requirements of
the Regulations.
In respect of securities loans, SISF Asian Bond Absolute Return will ensure that its
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counterparty delivers and each day maintains collateral of at least the market value of the
securities lent. Such collateral must be in the form of cash or securities that satisfy the
requirements of the Regulations.
A fund, within the limits provided for by the Regulations and in particular Commission de
Surveillance du Secteur Financier (Luxembourg Financial Sector Supervisory Authority)
Circular 08/356 referred to above, may reinvest the cash that it receives as collateral against a
repurchase transaction or a securities loan in (a) shares or units issued by money market
undertakings for collective investment calculating a daily net asset value and being assigned a
rating of AAA or its equivalent, (b) short-term bank deposits, (c) money market instruments
permitted by the Regulations, (d) short-term bonds issued or guaranteed by the governments,
local authorities or supranational institutions and undertakings of the United States, member
states of the EU, Australia, Canada, Finland, Japan, Norway, Sweden or Switzerland, (e)
bonds issued or guaranteed by first class issuers offering an adequate liquidity, and (f) reverse
repurchase agreement transactions, provided that such reverse repurchase transactions must
themselves be fully and continuously collateralized by securities issued or guaranteed by the
governments, local authorities or supranational institutions and undertakings of the United
States, the EU, Australia, Canada, Finland, Japan, Norway, Sweden or Switzerland. Such
reinvestment will be taken into account for the calculation of each concerned funds global
exposure if required.
Distribution Policy For The SISF Asian Bond Absolute Return
At the sole discretion of SISF.
Charges By The SISF Asian Bond Absolute Return
Currently, Class A shares of the SISF Asian Bond Absolute Return charges an initial charge of
up to 5.26315% of the NAV per Class. SISF can partly or fully waive the initial charge at its
discretion. As the Fund invests in SISF Asian Bond Absolute Return at its NAV, the initial
charge is fully waived by SISF. The management fee for Class A shares of the SISF Asian
Bond Absolute Return is 1.25% per annum of the NAV. There will be no double charging of
management fee. As the Fund invests into the SISF Asian Bond Absolute Return, any
management fee charged by SISF Asian Bond Absolute Return to the Fund will be fully
refunded in units.
Qualified Portfolio Manager for The SISF Asian Bond Absolute Return
Head of Asia (ex Japan) Fixed Income
Goh How Phuang, CFA
How Phuang is based in Singapore and is responsible for investment strategy for
Asian fixed income markets and day-to-day management of Asia (ex Japan) fixed
income portfolios. He joined Schroders in December 1994. His investment career
commenced in December 1989 when he joined the Monetary Authority of
Singapore working on the Domestic Money Market desk. How Phuang has a
Degree in Accountancy, National University of Singapore.
Head of Credit Research, Asia
Richard Brown
Richard is a Fixed Income Credit Analyst with responsibility for high grade and
high yield bond issuers in Asia (ex Japan), based in Singapore. Prior to this role,
he was Head of Pan European Credit Research. Richard joined Schroders in
2000. Prior to joining Schroders, Richard worked at National Westminster Bank
(1980-2000). Between 1990-2000, he undertook a series of credit-related roles
involving high grade, high yield and leveraged loan assets in London and New
York. Richard is an Associate Member of the Association of Corporate
-72-
Treasurers (AMCT), Associate of the Chartered Institute of Bankers (ACIB). He

has a MBA from Edinburgh Business School.
Portfolio Manager
Angus Hui, CFA
Angus is currently responsible for credit investments in Asia (ex Japan) and is
based in Hong Kong. Angus joined Schroder Investment Management (Hong
Kong) Limited in 2000 as a credit analyst researching Asian high yield and high
grade credits with portfolio management responsibilities for Hong Kong and
global bond portfolios. Prior to joining Schroders, he worked for HSBC in Hong
Kong as a credit analyst in the Asian fixed income research team. His investment
career commenced in 1997 with Standard & Poors in Australia. Angus has a
Bachelor of Commerce and Master of Commerce with First Class Honours from
University of Melbourne.
Portfolio Manager
Ang Chow Yang, CFA
Chow Yang is a Portfolio Manager based in Singapore. He is responsible for
interest rate and currency strategy formulation for Asian Fixed Income portfolio.
He is also a portfolio specialist for Singapore Dollar and Hong Kong Dollar fixed
income portfolios. In August 2004 Chow Yang became an Asian credit analyst in
the Asian Fixed Income team. He joined Schroders in 2001 as an equity fund
managers assistant. His investment career commenced in 1999 as a treasury
product control analyst with JPMorgan. He has a Bachelor of Business Degree
from Nanyang Technological University.
Risk Of Investments
Detailed below are summary of the material investment risks applicable to each Fund
under SISF as set out in SISFs Prospectus. If you need more information, kindly visit
SISFs website at www.schroders.lu. The risks described below are not exhaustive
and investors should be aware that the SISF Asian Bond Absolute Return might be
exposed to other risks of an exceptional nature from time to time.
Currency
Where the currency of the relevant fund varies from the investors home
currency, or where the currency of the relevant fund varies from the currencies
of the markets in which the fund invests, there is the prospect of additional loss
(or the prospect of additional gain) to the investor greater than the usual risks of
investment.
Interest Rate
The values of bonds and other debt instruments usually rise and fall in response
to changes in interest rates. Declining interest rates generally increase the values
of existing debt instruments, and rising interest rates generally reduce the value
of existing debt instruments. Interest rate risk is generally greater for
investments with long durations or maturities. Some investments give the issuer
the option to call or redeem an investment before its maturity date. If an issuer
calls or redeems an investment during a time of declining interest rates, the fund
might have to reinvest the proceeds in an investment offering a lower yield, and
therefore might not benefit from any increase in value as a result of declining
interest rates.
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Regulatory
SISF is domiciled in Luxembourg and investors should note that all the
regulatory protections provided by their local regulatory authorities may not
apply. Investors should consult their financial or other professional adviser for
further information in this area.
Suspension Of Share Dealings
Investors are reminded that in certain circumstances their right to redeem or
switch shares may be suspended.
Fund Investing In Smaller Companies
Funds which invest in smaller companies may fluctuate in value more than other
funds. Smaller companies may offer greater opportunities for capital
appreciation than larger companies, but may also involve certain special risk.
They are more likely than larger companies to have limited product lins, markets
or financial resources, or to depend on a a small, inexperienced management
group. Securities of smaller companies may, especially during periods where
markets are falling, become less liquid and experience short-term price volatility
and wide spreads between dealing prices. They may also trade in the OTC
market or on a regional exchange, or may otherwise have limited liquidity.
Consequently investment in smaller companies may be more vulnerable to
adverse developments than those in larger companies and the funds may have
more difficulty establishing or closing out its securities positions in smaller
companies at prevailing market prices. Also, there may be less publicly
available information about smaller companies or less market interest in the
securities, and it may take longer for the prices or the securities to reflect the full
value of the issuers earning potential or assets.
Funds Investing In Technology Related Companies
Investments in the technology sector may present a greater risk and a higher
volatility than investments in a broader range of securities covering different
economic sectors. The equity securities of the companies in which the funds
may invest are likely to be affected by world-wide scientific or technological
developments, and their products or services may rapidly fall into obsolescence.
In addition, some of these companies offer products or services that are subject
to governmental regulation and may, therefore, be adversely affected by
governmental policies. The investments made by the funds may thus drop
sharply in value in response to market, research or regulatory setbacks.
Funds Investing In Lower Rated, Higher Yielding Debt Securities
The Funds may invest in lower rated, higher yielding debt securities, which are
subject to greater market and credit risks than higher rated securities. Generally,
lower rated securities pay higher yields than more highly rated securities to
compensate investors for the higher risk. The lower ratings of such securities
reflect the greater possibility that adverse changes in the financial condition of
the issuer, or rising interest rates, may impair the ability of the issuer to make
payments to holders of the securities. Accordingly, an investment in these funds
is accompanied by a higher degree of credit risk than is present with investments
in higher rated, lower yielding securities.
Investment In The Securities Of Property and Real Estate Companies
The risks associated with investment in securities of companies principally
engaged in the real estate industry include: the cyclical nature of real estate
values, risks related to general and local economic conditions, overbuilding and
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increased competition, increases in property taxes and operating expenses,

demographic trends and variations in rental income, changes in zoning laws,
casualty or condemnation losses, environmental risks, regulatory limitations on
rents, changes in neighbourhood values, related party risks, changes in the
appeal of properties to tenants, increases in interest rates and other real estate
capital market influences. Generally, increases in interest rates will increase the
costs of obtaining financing, which could directly and indirectly decrease the
value of the Funds investments.
The real estate market has, at certain times, not performed in the same manner as
equity and bond markets. As the real estate market frequently performs,
positively or negatively and without any correlation to the equity or bond
markets, these investments may affect the performance of the relevant funds
either in a positive or a negative manner.
Initial Public Offering
Certain funds may invest in initial public offerings, which frequently are smaller
companies. Such securities have no trading history, and information about such
companies may only be available for limited periods. The prices of securities
involved in initial public offerings may be subject to greater price volatility than
more established securities.
Emerging And Less Developed Markets Risks
Investing in emerging markers and less developed markets securities poses risks
different from, and/or greater than, risks of investing in the securities of
developed countries. These risks include; smaller market-capitalisation of
securities markets, which may suffer periods of relative illiquidity; significant
price volatility; restrictions on foreign investment; and possible repatriation of
investment income and capital. In addition, foreign Investors may be required to
register the proceeds of sales, and future economic or political crises could lead
to price controls, forced mergers, expropriation or confiscatory taxation, seizure,
nationalisation or the creation of government monopolies. Inflation and rapid
fluctuations in inflation rates have had, and may continue to have, negative
effects on the economies and securities markets of certain emerging and less
developed countries.
Although many of the emerging and less developed market securities in which a
fund may invest are traded on securities exchanges, they may trade in limited
volume and may encounter settlement systems that are less well organised than
those of developed markets. Supervisory authorities may also be unable to apply
standards that are comparable with those in developed markets. Thus there may
be risks that settlement may be delayed and that cash or securities belonging to
the relevant fund may be in jeopardy because of failures of or defects in the
systems or because of defects in the administrative operations of counterparties.
Such counterparties may lack the substance or financial resources of similar
counterparties in a developed market. There may also be a danger that
competing claims may arise in respect of securities held by or to be transferred
to the fund and compensation schemes may be non-existent or limited or
inadequate to meet the funds claims in any of these events.
In addition investments in certain emerging and less developed countries, such
as Russia and Ukraine, are currently subject to certain heightened risks with
regard to the ownership and custody of securities. In these countries,
shareholdings are evidenced by entries in the books of a company or its registrar
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(which is neither an agent nor responsible to the Custodian). No certificates

representing shareholdings in companies will be held by the Custodian or any of
its local correspondents or in an effective central depository system. As a result
of this system and the lack of effective state regulation and enforcement, SISF
could lose its registration and ownership of the securities through fraud,
negligence or even mere oversight. Debt securities also have an increased
custodial risk associated with them as such securities may, in accordance with
market practice in the emerging or less developed countries, be held in custody
with institutions in those countries which may not have adequate insurance
coverage to cover loss due to theft, destruction or default. It should be taken into
consideration that when investing in government debt of emerging or less
developed countries, particularly Ukraine, whether via the primary or secondary
market, local regulations may stipulate that Investors maintain a cash account
directly with the sub-custodian. Such balance represents a debt due from the
sub-custodian to the Investors and the Custodian shall not be liable for this
balance.
Additional risks of emerging market securities may include: greater social,
economic and political uncertainty and instability; more substantial
governmental involvement in the economy; less governmental supervision and
regulation; unavailability of currency hedging techniques; companies that are
newly organised and small; differences in auditing and financial reporting
standards, which may result in unavailability of material information about
issuers; and less developed legal systems. In addition taxation of interest and
capital gains received by non-residents varies among emerging and less
developed markets and, in some cases may be comparatively high. There may
also be less well-defined tax laws and procedures and such laws may permit
retroactive taxation so that the fund could in the future become subject to local
tax liabilities that had not been anticipated in conducting investment activities or
valuing assets.
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Name of Fund RHB Global Fortune Fund

Type of Fund Income
Fund Objective
The Fund aims to provide total return from dividend income, option premiums and
capital appreciation, sustainable distributions and typically lower portfolio volatility
compared to a normal equity investment.
Investor Profile
Asset Allocation
At least 95% of the Funds NAV will be invested in a Target Fund
liquidity purpose
The Fund will invest principally in the Allianz Global Investors Premier Funds-RCM
Global High Payout Fund (the Underlying Fund). Although the Fund is passively
managed, the investments in the Fund will be rebalanced from time to time to meet
redemptions and to enable the proper and efficient management of the Fund. Specific
risks associated with such securities and investments are as elaborated below. The
Fund is a feeder fund that invests in the Underlying Fund. The risk management
strategies and techniques employed will be at the AllianzGI Scheme level through its
global flexible approach and investment strategy that involve a high degree of
diversification between the asset classes and securities as well as diversification
across global geographical markets.
institutions, which are defensive in nature. Notwithstanding the above, the Manager
may, in consultation with the Trustee, replace the Underlying Fund with another
collective investment scheme with a similar objective if, in the Managers opinion,
the Underlying Fund no longer meets the Funds investment objective, or when acting
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in the interest of the Unit Holders. However, Unit Holders approval must be
obtained.
60% MSCI World and 40% Dividend Yield (MSCI World) (for more information on
the indices, please log on to the following website: www.msci.com).
The benchmark is selected to reflect the strategy of the Fund which aims to provide
return in the form of income and capital appreciation.
Information On The Underlying Fund
The Fund Manager Of The Underlying Fund
The Underlying Fund is managed by Allianz Global Investors Singapore Limited,
a part of Allianz Group.
The Fund Manager of the Underlying Fund has managed collective investment
schemes or discretionary funds in Singapore since 1996.
Allianz Global Investors, the asset management subsidiary of Allianz SE, has
more than EUR 1.5 trillion (as of 31 December 2010) of assets under
management for its clients worldwide. The Allianz Global Investors investment
managers PIMCO, RCM, NFJ Investment Group and Allianz Global Investors
Capital LLC offer their own distinctive philosophy and culture, and provide
clients with a comprehensive and constantly evolving range of investment styles
and products. Its 4,900 employees around the globe, including more than 1000
investment professionals, are committed to helping clients achieve their goals by
combining global expertise and local market knowledge with innovative solutions
and world-class professional service. In Asia Pacific, Allianz Global Investors
has been managing discretionary funds for over 21 years.
The Target Fund is regulated under the Securities & Futures Act (Chapter 289) and
by the Monetary Authority of Singapore.
th
April 2011:
30/04/2010-
29/04/2011
Allianz Global Investors Premier Funds RCM Global High
Payout Fund (%)
11.25
60% MSCI World & 40% Dividend Yield (MSCI World) (%) 10.90
The Structure Of The Underlying Fund
The Underlying Fund is a non-specialised global equities fund.
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Classes
The Underlying Fund currently offers two classes of units, namely the SGD Class and
USD Class. The SGD Class Units and USD Class Units have different minimum
investment and minimum realisation and holding requirements. SGD Class Units may
only be subscribed for in SGD, whereas USD Class Units may only be subscribed for
in USD.
Limit Of Repurchase
With a view to protecting the interests of unit holders of the Underlying Fund, the
Fund Manager of the Underlying Fund may, with the approval of the Underlying
Fund Trustee, limit the total number of units of the Underlying Fund which unit
holders may realise on any dealing days to 10% of the total number of units of the
Underlying Fund then in issue.
Sub-Manager Of The Underlying Fund
The Fund Manager of the Underlying Fund has delegated the management of the
assets of RCM Global High Payout to Allianz Global Investors
Kapitalanlagegesellschaft mbH (AllianzGI KAG), Frankfurt.
AllianzGI KAG was established in Frankfurt, Germany. It has been managing
discretionary funds since 1955 and is Germanys second oldest investment
company. It is part of Allianz Global Investors.
Investment Objective Of The Underlying Fund
The Underlying Fund aims to provide:
Total return from dividend income, option premiums and capital appreciation;
Sustainable distributions; and
Typically lower portfolio volatility compared to an equity investment, by
investing in:
(a) A globally diversified portfolio of equities which offer attractive and
sustainable dividend yields; and
(b) Selling call options to generate option premiums which will enhance
dividends and reduce overall portfolio risk.
Investment Focus And Approach To The Underlying Fund
The Underlying Fund employs a distinctive two-part investment process:
(a) Global equities - The Underlying Fund will hold a diversified portfolio of global
equities. In the stock selection process, the Sub-Manager of the Underlying Fund
combines a proprietary rule-based stock selection model together with a
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fundamental company analysis in an attempt to identify the most attractive

international investment opportunities. This research driven approach focuses on
seeking stocks that pay high dividend yields to generate current income from
dividends on such stocks. Equity exposure may also be constructed by the use of
derivative strategies (e.g. long futures, long call options).
(b) Selling of call options - The Underlying Fund will employ an integrated strategy
of selling covered call options on equities, baskets of equities or equity indices.
The option premiums received represent additional earnings, helping to enhance
the dividends payable to investors and to reduce overall portfolio risk.
The Underlying Fund aims to achieve returns based on dividends, option
premium income and share price gains.
Equities sub-portfolio
Disciplined investment process
with qualitative and quantitative
selection criteria
Objective:
Buying stocks with above-
average dividend yield
+
Options sub-portfolio
Systematic selling of call
options
Objective:
Continuous option premium
income generating a buffer
to lower equities volatility,
albeit forgoing additional
capital gain above strike
price plus premium

Underlying Fund
- Total return from dividend income, option premiums and capital
appreciation
- Sustainable distributions.
- Typically lower portfolio volatility compared to an equity investment due to
investing in a globally diversified portfolio of high yielding equities
coupled with a steady flow of option premium income
Call options will be sold for the shares held in the portfolio of the Underlying
Fund. The intention is to aim for a call option ratio of approximately 70-100% of
the portfolio on an annual basis.
In employing the Underlying Funds call option-selling strategy, the Sub-
Manager of the Underlying Fund will adopt the following:
(a) Systematic, multi-stage process for selecting attractive options.
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(b) Valuations based, in particular, on technical indicators and fundamentals

(e.g. volatility).
(c) Typically tenure of call options will be between 1 to 12 months in order to be
able to react more flexibly to market conditions and to optimise the
generation of additional earnings.
(d) Options on equities, baskets of equities or equity indices may be used.
A call option gives the holder the right to buy a stock at a specific price (the strike
price) at a future point in time. A covered call option is a call option that is sold
on a stock that is held by the seller. If the call option is exercised, the seller of the
option is covered because he/she holds the stock (i.e. the liability on the call
option is fully offset).
The selling of call options is intended to help the Underlying Fund outperform a
direct investment in the underlying portfolio of stocks in all but strong rising
market scenarios. In exchange for its benefits of enhanced income and reduced
overall portfolio risk, the Underlying Fund gives up potential appreciation in the
value of its portfolio securities above the strike price. In a strong rising market,
this call option strategy will result in the Underlying Fund under performing its
benchmark albeit with positive returns.
There is no guarantee that the portfolio risk of the strategy is reduced.
There is no guarantee that the Underlying Fund will outperform in all but a strong
bull market.
The Underlying Fund may engage in securities lending subject to the provisions
of the CPF Investment Guidelines.
Investment Restrictions
The Underlying Fund may:
(a) Employ an integrated strategy of selling covered call options on the equities,
aiming for a call option ratio of approximately 70% to 100% of the portfolio
on an annual basis.
(b) In employing the selling of call options, the typical tenure of the call options
will be between 1 to 12 months.
(c) Options on equities, baskets of equities or equity indices may be used.
The Underlying Fund may hold assets denominated in foreign currencies, thus
may use currency forwards, futures, options and swap agreements to reduce the
currency deviations of the portfolio. However, the Sub-Manager currently does
not intend to hedge any foreign currency exposure of the portfolio, hence the
Underlying Fund is subject to currency risk.
Investment in FDIs (including options, foreign exchange forward contracts and
equity index futures contracts) by the Underlying Fund will be subject to risks
associated with such investments. The use of such investment strategies may be
-81-
restricted by market conditions or as a result of regulatory limits and there is no

assurance that the pursuit of such strategies will in fact achieve the desired aim.
The investment restriction of the portfolio is also guided by Appendix 1 and
Annex 1a (and read with Annex 1b to the Code on Collective Investment
Schemes, issued by the Monetary Authority of Singapore, which may be
amended from time to time by the Authority.
Distribution Policy Of The Underlying Fund
Currently, the Fund Manager of the Underlying Fund intends to make
distributions of 8% per annum of the net asset value of the Underlying Fund,
payable semi-annually.
The amount of distributions payable to a holder shall be based on the number of
units of the relevant Class of the Underlying Fund held by that Holder as at the
distribution date as evidenced by the register of Holders. In the event any
distribution date falls on a Dealing Day, Holders who realise their Units or who
submit a realisation request on or before that distribution date (before the Dealing
Deadline for that Dealing Day) or whose realisation request is in the course of
being processed on that distribution date will not be treated as a registered Holder
in respect of the Units realised on that distribution date or as set out in the
realisation request and therefore, will not receive the relevant distribution in
relation to those Units (unless otherwise determined by the Managers).
Investors should note that the intention of the Managers to make distributions as
outlined in the above table is not guaranteed and the Managers will review the
distribution policy of the Underlying Fund depending on prevailing market
conditions.
The Managers have the absolute discretion to determine whether a distribution
is to be made in respect of the Underlying Fund as well as the rate and
frequency of any distributions to be made.
Distribution payments in respect of the Underlying Fund will, at the sole
discretion of the Managers, be made out of either (a) income; or (b) net capital
gains; or (c) capital of the Underlying Fund or a combination of (a) and/or (b)
and/or (c). In the event the increase in the NAV per Unit is less than the
distribution payable per Unit, distributions will be made out of the capital of the
Underlying Fund.
Distributions made in respect of the Underlying Fund will be payable to Holders
within 30 days from the relevant distribution date. Investors may choose, at the
time of an initial application for Units, to elect for the automatic reinvestment of
all (but not part) of the distributions to be received by him in the Underlying Fund
(i.e. the purchase of further Units) instead of receiving the distributions in cash
(Distribution Reinvestment Mandate).
A Distribution Reinvestment Mandate for the Underlying Fund once made will
apply to all of the Units in the Underlying Fund then held by the same Holder at
any particular time. A Distribution Reinvestment Mandate may only be
withdrawn by the Holder giving the Managers not less than 30 days notice in
writing prior to the date of any particular distribution. Once withdrawn, the
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distribution to be made to such Holder will be the relevant amount in cash

available for distribution in respect of such Holders unitholding.
Investors should note that regular distributions of any of the Underlying Fund are
not guaranteed and are not in any way a forecast or projection of the future or
likely performance of the relevant Underlying Fund. The making of any
distribution will not be taken to imply that further distributions will be made.
While the Managers will endeavour to make the distributions as set out above,
certain market or economic conditions prevailing at the time of the intended
distributions may render the intended distributions non-viable. In such instances,
the Managers may vary the frequency and/or amount of the distributions.
Investors should also note that any distributions made in respect of the
Underlying Fund will reduce the NAV of the relevant Underlying Fund. In
addition, distributions of the Underlying Fund may be made out of the capital of
the Underlying Fund (for instance, where the amount of distribution exceeds the
total return of the Underlying Fund). Where distributions are made out of the
capital of an Underlying Fund, the capital of the Underlying Fund is reduced
accordingly and this will also be reflected in the NAV per Unit of the Underlying
Fund. Therefore, any Holder redeeming his Units may receive an amount less
than his initial investment amount. Such distributions may also result in reduced
future returns to Holders. The Manager will, in their communication with the
Holders in respect of each distribution payment, inform the Holders of the
proportion of the distribution which has been made out of the capital of the
Underlying Fund.
Qualified Portfolio Managers For The Underlying Fund
Lead Portfolio Manager of the Underlying Fund
Dr. Kai Hirschen, CAIA, FRM
Dr. Kai Hirschen joined the RCM Systematic Equity team in January 2009.
Previously he worked for a leading international consultancy, specialising in the area
of risk management and risk modeling. Kai graduated in mathematics at the
University of Hanover, Germany in 2003 and received a PhD in numerical modeling
at the University of Technology in Darmstadt, Germany in 2005. He also obtained a
masters degree in Finance and Accounting from Goethe University Frankfurt,
Germany in 2008 and has been Chartered Alternative Investment Analyst (CAIA)
since 2010 and a Certified Financial Risk Manager (FRM) since 2007.
Risks
General risks
Investment in a collective investment scheme is meant to produce returns over the
long term. Investors should not expect to obtain short-term gains from such
investments. The prices of units in a collective investment scheme and the income
from them may go up as well as down. A possible loss of the principal invested
cannot be ruled out. The risks of investments made by a collective investment
scheme include economic, political, foreign exchange, liquidity, regulatory,
interest rate, default and repatriation risks.
Specific risks
(a) To the extent the Underlying Fund invests in interest bearing securities, it is
exposed to risk of interest rate changes. If the market interest rate increases,
-83-
the price of the interest bearing securities included in the Underlying Fund
may drop significantly. This applies to an even greater degree if the
Underlying Fund also holds interest-bearing securities with a longer time to
maturity and a lower nominal interest return.
(b) To the extent the Underlying Fund invests in equities, even if indirectly, it is
exposed to various general trends and tendencies in the equities market,
which are partially attributable to irrational factors. Such factors may lead to
a more significant and longer lasting decline in prices affecting the entire
market. Securities of top-rated issuers are exposed to general market risk in
basically the same manner.
(c) Options are sensitive to the volatility of equity markets. Before expiry of the
option, the price of the option can change with the price of the stock
remaining unchanged due to changes in volatility.
(d) Options on baskets are subject to correlation / dispersion risks. The price of
this kind of option will change if the prices of the stocks in the basket do not
change together in the way anticipated.
(e) The price development of the securities and money market instruments held
by the Underlying Fund is also dependent on company-specific factors, for
example, the issuer's business situation. If the company-specific factors
deteriorate, the price of the specific security may drop significantly and
enduringly, possibly even without regard to an otherwise generally positive
stock market trend.
(f) The issuer of a security held by the Underlying Fund or the debtor of a claim
belonging to the Underlying Fund may become insolvent. This could result
in the corresponding assets of the Underlying Fund becoming economically
worthless.
(g) The Underlying Fund may hold assets denominated in foreign currencies.
The Sub-Manager of the Underlying Fund may use currency forwards,
futures, options and swap agreements to reduce the currency deviations of
the portfolio of the Underlying Fund. However, the Sub-Manager of the
Underlying Fund currently does not intend to hedge any foreign currency
exposure of the portfolio, hence the Underlying Fund is subject to currency
risk.
(h) Economic or political instability occurring in countries in which the
Underlying Fund is invested may result in the Underlying Fund not receiving
the full amount of monies to which it is entitled despite the solvency of the
issuer of the respective security. Currency or transfer limitations or other
legal changes, for example, may be of significance in this regard.
(i) The Fund Managers/Sub-Manager of the Underlying Fund will make use of
derivative instruments for the Underlying Fund (including forward
transactions and options) for hedging purposes and/or for efficient portfolio
management in pursuing the Underlying Funds investment objective. The
use of such investment strategies may be restricted by market conditions or
as a result of regulatory limits and there is no assurance that the pursuit of
such strategies will in fact achieve the desired aim. Examples of the function
of selected derivatives:
Options on Transferable securities
An option is the right to buy or sell a specific asset for a fixed price at a
future time or within a specific period of time.
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Forward contracts
Trading in forward contracts such as futures, options and swaps on financial
instruments and combined transactions, such as swaptions, constitutes trading
in contracts with respect to the future value of transferable securities and
other financial instruments.
(j) The use of derivative instruments to hedge the Underlying Funds assets
reduces the economic risk inherent in an asset of the Underlying Fund to the
greatest extent possible. At the same time, however, there is a possible risk
that the Underlying Fund will no longer be able to participate in a positive
development of the hedged asset.
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Name of Fund RHB Global Multi Manager Fund

Category of Fund Fund of Funds
Type of Fund Growth and Income
Fund Objective
To provide investors with long-term growth of capital with reduced levels of risk
through a highly diversified international growth and income portfolio based on a
global multi manager approach.
Investor Profile
Suitable for investors with a moderate risk profile who are looking at investing in a
globally well diversified portfolio. The Fund is designed as the core holding for any
investment portfolio.
Asset Allocation
At least 95% of the Funds NAV will be invested in other collective investment
schemes
liquidity purpose
The Manager will employ a multi style, multi manager approach. Multiple managers
and strategies are employed to capture sources of alpha (excess return) while avoiding
unnecessary risk at the total fund level.
The Fund is broadly diversified and provides an ideal vehicle for an investors core
exposure to both international and domestic capital markets. The Fund will be
invested in a portfolio of reputable domestic and global funds that are registered with
recognised exchanges and/or authorities including, but not limited to, the following
countries: Malaysia, United States, Europe, United Kingdom, Australia, Japan, Hong
Kong and/or Singapore.
The Manager will actively make the asset allocation decision and invest in the
appropriate Target Funds to build a well-diversified portfolio of funds. The Fund will
invest in collective investment schemes in a range of asset classes i.e. equities, fixed
income securities and money market instruments.
The Fund will primarily invest in a portfolio of equities, fixed income and money
market collective investment schemes where the issuers are incorporated or having
their principal business activities in developed countries and/or Malaysia.
-86-
The Manager will use a combination of top-down and bottom-up analysis to arrive at
an investment decision.
Portfolio construction is undertaken within a structured risk controlled framework to
ensure diversification across countries, asset classes and credits. The Manager will
actively select and combine the Target Funds to produce an optimal diversified
portfolio. Factors taken into consideration include the risk and correlation of each
asset class, the overall risk-return ratio of the combined portfolio, and the current and
expected outlook for each asset class/region.
Solid management and sound investment performance of the Target Funds are factors
that the Manager also considers. In evaluating the suitability of Target Funds for
investment, the Manager will conduct a review of the track record of the manager and
the Target Fund, investment objective of the Target Fund, investment policy and
strategies, fund performance and other factors deemed important by the Manager.
The Manager will invest in the Target Funds in a manner which will be in the best
interest of the Unit Holders. The switch to another collective investment scheme may
be performed on a staggered basis to facilitate a smooth transition. Hence during the
transition period, the Funds investment may differ from the stipulated investment
strategies.
The Fund will be invested in a minimum of five (5) collective investment schemes at
all times, with a maximum exposure of 30% of the Funds NAV in one (1) collective
investment scheme. The asset classes that have been identified for the Fund to invest
in are equities and fixed income securities.
In constructing the Fund, we seek to emphasise those return sources that provide the
most reliable means of excess return while controlling risks we believe are
uncompensated over the long term.
A core investment vehicle is characterised by consistent returns and lower levels of
risk. The best way to reduce risk is through high levels of diversification. The Fund
achieves this high level of diversification by utilising the investment approach
pioneered by Russell, the Multi Asset, Multi Style, Multi Manager
TM
approach.
The Fund will invest principally in a minimum of 5 international and domestic
collective investment schemes. The initial Target Funds will be chosen from funds
managed by Russell Investment Group and the Manager.
The list of Target Funds may vary from time to time, as the Funds allocation in the
asset classes/funds would depend on the Managers view and the outlook for each
asset class/geographical region/country. Additionally, if the investment in any of the
Target Funds does not meet the objective of the Fund, the Manager may choose to
replace that fund with another collective investment scheme with similar objectives.
The Manager will continuously monitor the Target Funds and make changes, if and
when required, to the composition of the Target Funds.
The investment strategy adheres to guidelines pertaining to Fund-of-funds issued by
SC. As such any changes to the Fund-of-funds guidelines would tantamount to a
change to this investment strategy.

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50% MSCI World (Net) Index
30% Barclays Global Aggregate Index
10% FBM KLCI Index
10% Maybanks Savings Rate
obtain the latest information on the Maybanks Savings Rate.
Unit Holders can obtain information on the MSCI World (Net) Index and Barclays
Global Aggregate Index from Bloomberg.
The benchmark is selected to reflect the performance of the Funds investment into
various asset classes. This is in line with its objective to provide investors with long
term capital growth.
Risk Management Strategy
Risk management is at the core of our investment process. Every proposed decision
made by the investment team is considered in the context of the overall portfolio risk-
return trade-off.
The investments in the Target Funds will be monitored daily with regards to the
investments position in relation to sector exposure, investment restrictions, etc. As
some of the risks involved are inherent and may not be within the direct control of the
Manager, it may not be possible to completely hedge all risks. The Manager shall
however then take prudent and reasonable steps to anticipate foreseeable risks and to
minimise potential loss to Unit Holders.
The Manager may exercise economic acumen by utilising a network of research and
information providers to provide foresight on international and local developments,
which can impact investments. Such information will give the Manager lead-time to
re-align the investment, if required.
The Fund is a Fund-of-funds that invests in at least five (5) other collective
investment schemes. The Manager aims to select Target Funds that will be well
diversified among various asset classes and various regions across the world, hence
investment risk is expected to be lower.
The Fund may be hedged against the currencies denomination of the Target Funds
should the circumstances warrant it to hedge against adverse currency movements.
-88-
Temporary Defensive Positions

The Manager may take temporary defensive positions, upon consultation with the
Investment Committee that may be inconsistent with the Funds principal strategy in
attempting to respond to adverse economic, political or any other market conditions.
In response to adverse conditions such as market conditions or economic conditions
and as part of its risk management strategy, the Manager may utilise derivative
instruments such as futures contracts but only for hedging purposes. In addition, the
Manager may take foreign exchange hedge positions in order to mitigate currency
exposure that may erode the Funds returns and foreign exchange exposure to
international bonds will be hedged to the Malaysian Ringgit.
-89-
4.2 Automatic Termination And Merger Of RHB GoldenLife Funds

RHB GoldenLife 2020; and
RHB GoldenLife 2030.
Save for RHB GoldenLife Today which does not have a specific target maturity date,
RHB GoldenLife 2020 and RHB GoldenLife 2030 are all of limited duration and will,
on their respective maturity dates (i.e. the last day of their financial years ending in
the year 2020 and 2030 respectively), be automatically terminated and merged into
RHB GoldenLife Today. Upon such Automatic Termination and Merger of a
particular Fund, the units in that Fund will be cancelled and the assets/investments of
that Fund (after retention by the Trustee of monies to repay all fees, cost, charges,
expenses, claims and demands incurred, made or apprehended by the Trustee in
connection with or arising out of the Automatic Termination and Merger) shall be
held by the Trustee and form part of the assets/investments of the RHB GoldenLife
Today.
In exchange, the Manager will issue to each Unit Holder of units in a particular Fund
the number of units in RHB GoldenLife Today calculated as follows:-
N = V x Z
Y x NAV
where:-
N = the number of units in RHB GoldenLife Today to be issued to the relevant
Unit Holder of units in the Funds which has undergone Automatic
Termination and Merger;
V = the value of the net assets/investments of the Funds which has undergone
Automatic Termination and Merger transferred to RHB GoldenLife Today, to
be terminated by the Manager with effect on the maturity date of the said
Funds, upon consultation with auditors of the funds;
Y = the number of units in issue of the Funds which has undergone Automatic
Termination and Merger on its maturity date;
NAV = the NAV of a unit in RHB GoldenLife Today on the maturity date of the
Funds which has undergone Automatic Termination and Merger; and
Z = the number of units in the Funds which has undergone Automatic Termination
and Merger held by the relevant Unit Holder on its maturity date.
Unit Holders will be informed of the auto termination and merger process of the
Funds and the subsequent units allocated to them in the RHB GoldenLife Today.
Upon the automatic termination and merger of a particular Fund, a new fund may be
introduced to the RHB GoldenLife family of funds to cater to investors of a new life
cycle.
-90-
4.3 Shariah Investment Guidelines

For securities listed on the Bursa Malaysia, reference is made to the list of the Shariah
compliant securities determined by the Shariah Advisory Council of the SC on a
half-yearly basis. Otherwise, the Shariah Adviser of the Shariah Funds is consulted to
ascertain their Shariah status. The Shariah Funds investments in foreign securities (if
any) will be selected in accordance with the securities classified as Shariah-compliant
by the Shariah Adviser. RHBIM will seek the Shariah Advisers advice in identifying
the securities which satisfy their investment criteria which will then be utilized as an
investment universe for RHBIM and the respective External Investment Manager. All
the necessary documents with the latest information pertaining to business activities,
financial statement and other related information will be submitted to the Shariah
Adviser for Shariah stock screening process which involves both quantitative and
qualitative analysis. For the quantitative analysis process, the Shariah Adviser will
deduce if the financial ratios (interest income, debt ratio of interest bearing loans,
etc.) of the security comply with the Shariah Advisers internal financial thresholds.
Should any of the calculation fail to satisfy the financial thresholds, the Shariah
Adviser will not accord Shariah-compliant status for the company. Qualitative
analysis involves scrutinising the particulars security as a whole. The security must
not be involved in business activities that are not permitted by Shariah, such as
alcohol, pork and pork-related products, gambling, tobacco, pornography,
conventional financial services, etc. The Shariah Adviser will look into the aspects of
general public perception of the companys image, core business which is considered
important and maslahah (beneficial) to the muslim ummah and the country, the non-
permissible elements are very small and involve matters like umum balwa (common
plight and difficult to avoid), uruf (custom) and rights of the non-muslim community
which are accepted by Islam. To ensure strict compliance with Shariah requirements,
this list of the Shariah-compliant securities will be updated by the Shariah Adviser
twice yearly, for inclusion/exclusion from the said list.

The Shariah Funds investments in domestic sukuk will be selected from the list of
sukuk readily available at the SCs website after consultation with the Shariah
Adviser.
Shariah-compliant securities which are reclassified to be Shariah non-compliant upon
review of the securities by the Shariah Advisory Council of the SC or the Shariah
Adviser will render the securities to be disposed off should their market value exceed
the original investment cost on the announcement day. For the purpose of
cleansing/purification of the Shariah Funds, any capital gain arising from the disposal
of the Shariah non-compliant securities made at the time of the announcement day
can be kept. However, any excess capital gain derived from the disposal after the
announcement day at market price that is higher than the closing price on the
announcement day should be channelled to charitable bodies.
Divestment
In the event the Fund invests in non Shariah-compliant instruments by mistake, the
Fund shall dispose of any such non Shariah-compliant instruments, within a month of
knowing the status of the securities. Any gain made in the form of capital gain or
dividend received during or after the disposal of the instruments shall be channelled
to charitable bodies, as approved by the Shariah Adviser and the Trustee. The Fund
has a right to retain only the original investment cost, which may include brokerage
fee and other transaction costs.
-91-
Periodic Review
The Shariah Adviser will review the Fund on a quarterly basis or from time to time to
ensure the Funds operating procedures and investments comply with the Shariah
principles.
The investment portfolio of the RHBMF, RHBIBF, RHBIGF and RHBICMF comprises
securities which have been classified as Shariah compliant by the Shariah Advisory
Council (SAC) of the SC and/or the Shariah Advisers. For securities not certified by the
SAC, the status of the securities has been determined in accordance with the rulings
issued by the Shariah Adviser after consultation with the Shariah Adviser.
-92-
4.4 Authorised Investments Of The Funds

The Funds will be invested in the following permitted investments subject to the
following restrictions imposed or as may be amended from time to time by the SC
and/or the relevant authorities and/or the Deed and, in respect of the Shariah Funds,
the principles of the Shariah and as approved by the Shariah Adviser and/or the
Shariah Advisory Council of the SC:-
Authorised Investments Equity & Equity Related Feeder Funds
R
H
B

D
y
n
a
m
i
c

F
u
n
d

R
H
B

G
o
l
d
e
n
L
i
f
e

2
0
3
0

R
H
B

C
a
p
i
t
a
l

F
u
n
d

R
H
B

M
a
l
a
y
s
i
a

D
I
V
A

F
u
n
d

R
H
B

D
i
v
i
d
e
n
d

V
a
l
u
e
d

E
q
u
i
t
y

F
u
n
d

R
H
B

G
l
o
b
a
l

F
o
r
t
u
n
e

F
u
n
d

R
H
B

G
l
o
b
a
l

T
h
e
m
e
s

F
u
n
d

R
H
B

I
s
l
a
m
i
c

G
r
o
w
t
h

F
u
n
d
*

- Securities of companies listed on the
Bursa Malaysia
/ / / / / /
- Unlisted fixed income / debt securities / / / / / /
- Malaysian Government Securities,
Cagamas Bonds, Bank Negara Malaysia
Certificates, Malaysian Treasury Bills,
Bankers' Acceptance, Government
Investment Certificate and Negotiable
Certificates of Deposit
/ / / / / /
- Bonds, Negotiable Certificates of
Deposit, loan stocks and Private Debt
Securities
/ / / /
- Securities listed on an exempt stock
market or on a futures market and an
exempt futures market declared by the
Minister under the CMSA 2007
/
- Securities not listed on any eligible
market but have been approved for such
listing and offered directly to the Fund by
the issuer
/ / / / / /
- Units or shares in other collective
investment schemes
/ / / / / / / /
- Foreign investments traded in or under
the rules of a foreign market approved by
SC
/
- Liquid assets comprising of money
market instruments and cash/cash
equivalents
/ / / / / / / /
- Foreign exchange spot, forward and
futures contract (both local and foreign)
for hedging purposes only
/ / /
Note * - For Shariah Funds, all authorised investments must be Shariah compliant and approved by
the Shariah Adviser and/or the Shariah Advisory Council of the SC.
-93-
Authorised Investments
Mixed Assets and Fund of Funds
R
H
B

I
n
c
o
m
e

F
u
n
d

R
H
B

G
o
l
d
e
n
L
i
f
e

2
0
2
0

R
H
B

G
l
o
b
a
l

M
u
l
t
i

M
a
n
a
g
e
r

F
u
n
d

R
H
B

M
u
d
h
a
r
a
b
a
h

F
u
n
d
*

- Securities of companies listed on the
Bursa Malaysia
/ / /
- Unlisted fixed income /debt securities / / /
- Malaysian Government Securities,
Cagamas Bonds, Bank Negara Malaysia
Certificates, Malaysian Treasury Bills,
Bankers' Acceptance, Government
Investment Certificate and Negotiable
Certificates of Deposit
/ / /
- Bonds, Negotiable Certificates of Deposit,
loan stocks and Private Debt Securities
/ / /
- Convertible debt securities and
redeemable debt securities
/ / /
- Units or shares in other collective
investment schemes
/ / / /
- Liquid assets comprising of money market
instruments and cash/cash equivalents
/ / / /
- Foreign exchange spot, forward and
futures contract (both local and foreign) for
hedging purposes only
/
Authorised Investments Fixed Income and Fixed Income Related Feeder Funds
R
H
B

B
o
n
d

F
u
n
d

R
H
B

G
o
l
d
e
n
L
i
f
e

T
o
d
a
y

R
H
B

A
s
i
a
n

T
o
t
a
l

R
e
t
u
r
n

F
u
n
d

R
H
B

I
s
l
a
m
i
c

B
o
n
d

F
u
n
d
*

R
H
B

C
a
s
h

M
a
n
a
g
e
m
e
n
t

F
u
n
d

R
H
B

I
s
l
a
m
i
c

C
a
s
h

M
a
n
a
g
e
m
e
n
t

F
u
n
d
*

- Unlisted fixed income/debt securities / / / /
- Malaysian Government Securities, Cagamas
Bonds, Bank Negara Malaysia Certificates,
Malaysian Treasury Bills, Bankers' Acceptance,
Government Investment Certificate and
Negotiable Certificates of Deposit
/ / / /
- Bonds, Negotiable Certificates of Deposit, loan
stocks and Private Debt Securities
/ / /
- Units or shares in other equity collective
investment schemes
/ / / / / /
- Liquid assets comprising of money market and
cash/cash equivalents
/ / / / / /
- Foreign exchange spot, forward and futures
contract (for local and foreign) for hedging
purposes only
/
-94-
4.5 Investment Restrictions

The investment restrictions on the Funds are guided by the Guidelines and Guidance
Notes issued by the SC, which may be amended from time to time by the SC.
The Funds are subject to the following investment restrictions that are imposed by the
SC:
(i) For equity and balanced funds i.e. RHBDF, RHBCF, RHBMDF, RHBINCF,
RHBGLF 2020, RHBGLF 2030, RHBMF, RHBIGF and RHBDVEF
(a) The value of each Funds investments in unlisted securities must not
exceed 10% of that Funds NAV; however the said limit does not
apply to unlisted securities that are:
(aa) equities not listed or quoted on a stock exchange but have
been approved by the relevant regulatory authority for such
listing and quotation, and are offered directly to that Fund by
the issuer;
(bb) debentures traded on an organised over-the-counter (OTC)
market; and
(cc) structured products.
(b) The value of each Funds investments in ordinary shares issued by
any single issuer must not exceed 10% of that Funds NAV;
(c) The value of each Funds investments in transferable securities and
money market instruments issued by any single issuer must not
exceed 15% of that Funds NAV;
(d) The value of the Funds placement in deposits with any single
institution must not exceed 20% of that Funds NAV;
(e) For investments in derivatives -
(aa) the exposure to the underlying assets of that derivative must
not exceed the investment spread limits stipulated in the
Guidelines; and
(bb) the value of each Funds over-the-counter (OTC) derivative
transaction with any single counter-party must not exceed
10% of that Funds NAV;
(f) Each Funds exposure from derivatives position should not exceed
that Funds NAV at all times;
(g) The value of each Funds investments in structured products issued
by any single counter-party must not exceed 15% of that Funds
NAV;
(h) The single counter-party limit under (g) is entirely waived if
(aa) the counter-party has a minimum long-term rating by any
domestic or global rating agency that indicates very strong
capacity for timely payment of financial obligations
provided; and
(bb) the structured product has a capital protection feature.
(i) The aggregate value of each Funds investments in equities,
debentures, warrants, money market instruments, deposits, OTC
derivatives and structured products issued by or placed with (as the
case may be) any single issuer/institution must not exceed 25% of
that Funds NAV;
(j) The value of each Funds investments in units/shares of any
collective investment scheme must not exceed 20% of that Funds
NAV;
-95-
(k) The collective investment scheme has to be regulated and registered

or authorised or approved by the relevant regulatory authority in its
home jurisdiction;
(l) The investments in collective investment schemes must operate on
the principle of prudent spread of risk and comply with the general
investment principles and/or requirements of the Guidelines;
(m) There must not be any cross-holding between a Fund and the
collective investment schemes;
(n) The warrants a Fund invests in must carry the right in respect of a
security traded in or under the rules of an eligible market;
(o) The value of each Funds investments in transferable securities and
money market instruments issued by any group of companies must
not exceed 20% of that Funds NAV;
(p) Each Funds investments in transferable securities (other than
debentures) must not exceed 10% of the securities issued by any
single issuer;
(q) Each Funds investments in debentures must not exceed 20% of the
debentures issued by any single issuer;
(r) Each Funds investments in money market instruments must not
exceed 10% of the instruments issued by any single issuer. This limit
does not apply to money market instruments that do not have a pre-
determined issue size;
(s) Each Funds investments in collective investment schemes must not
exceed 25% of the units/shares in any one collective investment
scheme; and
(t) Each Fund may invest in foreign securities subject to the limits
imposed by Bank Negara Malaysia and/or the SC.
For RHBGLF, each sub-fund of the umbrella fund is subject to the investment
restriction and spread limits within which it is categorised under, and will be
treated as a single fund, however, the investment concentration limits will
apply at the level of the umbrella fund. Each sub-fund must not consist of
units/shares of another sub-fund within the same umbrella fund.
(ii) For bond funds i.e. RHBBF, RHBGLF Today and RHBIBF
(a) The value of each Funds investments in unlisted securities must not
exceed 10% of that Funds NAV; however the said limit does not
apply to unlisted securities that are:
(aa) debentures traded on an organised over-the-counter (OTC)
market; and
(bb) structured products.
(b) The value of each Funds investments in ordinary shares issued by
any single issuer must not exceed 10% of that Funds NAV.
(c) The value of each Funds investments in debentures issued by any
single issuer must not exceed 20% of that Funds NAV. This single
issuer limit may be increased to 30% if the debentures are rated by
any domestic or global rating agency to be of the best quality and
offer highest safety for timely payment of interest and principal. For
the purpose of (i), where the single issuer limit is increased to 30%
pursuant hereto, the aggregate value of the Funds investment must
not exceed 30%;
(d) The value of the Funds placement in deposits with any single
institution must not exceed 20% of that Funds NAV;
-96-
(e) Each Funds exposure from derivatives position should not exceed
that Funds NAV at all times;
(f) The value of each Funds investments in structured products issued
by any single counter-party must not exceed 15% of that Funds
NAV;
(g) The single counter-party limit under (f) is entirely waived if
(aa) the counter-party has a minimum long-term rating by any
domestic or global rating agency that indicates very strong
capacity for timely payment of financial obligations
provided; and
(bb) the structured product has a capital protection feature.
(h) The aggregate value of each Funds investments in debentures,
warrants, money market instruments, deposits, OTC derivatives and
structured products issued by or placed with (as the case may be) any
single issuer/institution must not exceed 25% of that Funds NAV;
(i) The value of each Funds investments in units/shares of any
collective investment scheme must not exceed 20% of that Funds
NAV;
(j) The collective investment scheme has to be regulated and registered
or authorised or approved by the relevant regulatory authority in its
home jurisdiction;
(k) The investments in collective investment schemes must operate on
the principle of prudent spread of risk and comply with the general
investment principles and/or requirements of the Guidelines;
(l) There must not be any cross-holding between a Fund and the
collective investment schemes;
(m) The warrants a Fund invests in must carry the right in respect of a
security traded in or under the rules of an eligible market;
(n) The value of each Funds investments in debentures issued by any
one group of companies must not exceed 30% of the funds NAV;
(o) Each Funds investments in debentures must not exceed 20% of the
debentures issued by any single issuer;
(p) Each Funds investments in money market instruments must not
exceed 10% of the instruments issued by any single issuer. This limit
does not apply to money market instruments that do not have a pre-
determined issue size;
(q) Each Funds investments in collective investment schemes must not
exceed 25% of the units/shares in any one collective investment
scheme; and
(r) Each Fund may invest in foreign securities subject to the limits
imposed by Bank Negara Malaysia and/or the SC.
Note :- For RHBGLF, each sub-fund of the umbrella fund is subject to the
investment restriction and spread limits within which it is categorised under,
and will be treated as a single fund, however, the investment concentration
limits will apply at the level of the umbrella fund. Each sub-fund must not
consist of units/shares of another sub-fund within the same umbrella fund.
-97-
(iii) For money market funds i.e. RHBCMF and RHBICMF

(a) Permitted investments are debentures, money market instruments and
placement of deposits with financial institutions;
(b) The value of the Funds investment in permitted investments must
not be less than 90% of the Funds NAV;
(c) The value of the Funds investments in permitted investments which
have a remaining maturity period of not more than 365 days must not
be less than 90% of the Funds NAV;
(d) The value of the Funds investments in permitted investments which
have a remaining maturity period of more than 365 days but fewer
than 732 days must not exceed 10% of the Funds NAV;
(e) The value of the Funds holdings in debentures and money market
instruments issued by any single issuer must not exceed 20% of the
Funds NAV;
(f) The single issuer limit in sub-paragraph (e) above, may be increased
to 30% if the debentures are rated by any domestic or global rating
agency to be of the best quality and offer highest safety for timely
payment of interest and principal;
(g) The value of the Funds placement in deposits with any single
institution must not exceed 20% of the Funds NAV;
(h) The value of the Funds investments in debentures and money
market instruments issued by any group of companies must not
exceed 30% of the Funds NAV;
(i) The aggregate value of the Funds investments in debentures and
money market instruments, deposits issued by or placed with (as the
case may be) any single issuer/institution must not exceed 25% of the
Funds NAV;
(j) The Funds investment in debentures must not exceed 20% of the
securities issued by any single issuer;
(k) The Funds investments in money market instruments must not
exceed 20% of the instruments issued by any single issuer.
Note: RHMICMF will only invest in the above mentioned permitted Islamic
money market instruments and investment according to the principles of the
Shariah and as approved by the Shariah Adviser and/or the Shariah Advisory
Council of the SC.
(iv) For feeder funds i.e. RHBATRF, RHBGTF and RHBGFF
(a) Each Fund must not invest in
(aa) a Fund-of-funds;
(bb) a Feeder Fund; and
(cc) any sub-fund of an umbrella scheme which is a Fund-of
Funds or a Feeder Fund.
(b) Each Fund that invests in a sub-fund of an umbrella scheme, the sub-
fund of the umbrella scheme should be treated as if it is a separate
collective investment scheme;
(c) For investment in collective investment schemes:-
(aa) The target fund must :-
(i) be regulated by a regulatory authority;
(ii) (if the target fund is constituted in Malaysia) be
approved by the SC;
(iii) (if the target fund is constituted outside Malaysia) be
registered/authorised/approved by the relevant
regulatory authority in its home jurisdiction; and
-98-
(iv) operate on the principle of prudent spread of risk and

its investments do nor diverge from the general
investment principles of the Guidelines.
(bb) The target fund must be managed by another management
company or a foreign operator.
(v) For fund-of-funds i.e. RHBGMMF
(a) The Fund must not invest in a Fund-of-funds, a feeder fund and any
sub-fund of an umbrella scheme which is a Fund-of-funds or a feeder
fund. Where the Fund invests in a sub-fund of an umbrella scheme,
the sub-funds of the umbrella scheme should be treated as if it is a
separate collective investment scheme.
(b) For investment in collective investment schemes:-
(aa) The target fund must :-
(i) be regulated by a regulatory authority;
(ii) (if the target fund is constituted in Malaysia) be
approved by the SC;
(iii) (if the target fund is constituted outside Malaysia) be
registered/authorised/approved by the relevant
regulatory authority in its home jurisdiction; and
(iv) operate on the principle of prudent spread of risk and
its investments do nor diverge from the general
investment principles of the Guidelines.
(bb) Where the Fund invests in a target fund operated by the same
management company or its related corporation, the Manager
must ensure that :-
(i) there is no cross-holding between the Fund and the
target fund;
(ii) all initial charges on the target fund is waived; and
(iii) the management fee must only be charged once,
either at the fund or the target fund.
(c) The Fund must invest in at least five (5) collective investment
schemes at all times;
(d) The value of the Funds investment in units/shares of any collective
investment scheme must not exceed 30% of the Funds NAV; and
(e) The Funds investment in collective investment schemes must not
exceed 25% of the units/shares in any collective investment scheme.
The abovementioned limits and restrictions will be complied with at all times
based on the up-to-date value of the Fund, and the value of their investments
and instruments, unless the SC grants the exemption or variation. However, a
5% allowance in excess of any limits or restrictions may be permitted where the
limit or restriction is breached through the appreciation or depreciation of the
NAV of the Fund (whether as a result of an appreciation or depreciation in the
value of the investments, or as a result of repurchase of units or payment made
from the Fund). The Manager should not make any further acquisitions to
which the relevant limit is breached and the Manager should within a
reasonable period of not more than three months from the date of the breach
take all necessary steps and actions to rectify the breach.
-99-
4.6 Bases Of Valuation Of Investments Of The Fund

In undertaking any of the Funds investments, the Manager will ensure that all the
assets of the Fund under its management will be valued appropriately, that is, at fair
market value and at all times in compliance with the SCs valuation guidelines as set
out in the Guidelines.
Accordingly:
(i) Listed equity securities, foreign equity securities and listed fixed income
securities will be valued daily based on the closing market price.
(ii) Unlisted Ringgit Malaysia denominated fixed income securities will be valued
on daily basis using fair value prices quoted by a bond pricing agency (BPA)
registered with the SC. If the Manager is of the view that the price quoted by
the BPA differs from the market price by more than 20 basis points, the
Manager may use the market price provided that the Manager adheres to the
Guidelines. For investment in foreign fixed income securities, either market
value or in the absence of reliable market quotation, the average indicative
price obtained from at least 3 independent dealers/financial institutions will be
used.
(iii) Unlisted equity securities that are not listed in or under the rules of an eligible
market will be valued every 3 months or as and when appropriate at fair value
as determined in good faith by the Manager, verified by the auditor of the Fund
and approved by the Trustee.
(iv) Suspended securities will be valued at their last done price prior to suspension.
In the event of a suspension in the quotation of the securities for a period
exceeding 14 days, or such shorter period as agreed by the Trustee, then the
securities should be valued at fair value, as determined in good faith by the
Manager and verified by the auditor of the Fund, based on the methods or bases
approved by the Trustee after appropriate technical consultation.
(v) Collective Investment Schemes will be valued based on the last published net
asset value per unit or (where considered appropriate by the Manager and
approved by the Trustee and verified by the auditor) the value shall be
determined by reference to the mean of bid and offer prices at the last closing.
Unlisted collective investment schemes which are feeder funds or fund of funds
will be valued by reference to the underlying funds next available bid price
(the basis of dealing of the Fund is forward pricing). If the quotations referred
to above are not available or if the value determined in the manner described
above, in the opinion of the Manager, does not represent a fair value of the
investments, then the value shall be any reasonable value as may be determined
by the Manager (with the consent of the Trustee) and verified by the auditor of
the Fund.
(vi) Futures contracts positions will be marked to market at the close of each
trading day.
(vii) Bank deposits and deposits placed with other financial institutions will be
valued each day by reference to the principal value of such investments.
Interest/profit receivables will be accrued each day based on the rate of
interest/profit attached to the deposits.
Unless otherwise prescribed by the SCs valuation guidelines, the valuation method
for an asset is to be determined by RHBIM, verified by the auditor of the Funds and
approved by the relevant Trustee.
-100-
4.7 Policy In Respect Of Valuation Point

For all local equity, balanced and bond funds i.e. RHBDF, RHBCF, RHBBF,
RHBMDF, RHBINCF, RHBGLF, RHBMF, RHBIBF and RHBIGF:-
The NAV of the Fund is determined at 5.00 pm of each Business Day and is the total
value of all investments and cash held by the Fund including income derived by the
Fund which has not been distributed to Unit Holders, less any amount owing or
payable in respect of the Fund including any provisions that the Trustee or the
Manager considers necessary to be made. Such NAV per Unit will be published in the
Unit Trusts Column of the newspapers on the following day.
For all foreign equity, bond, feeder and fund of funds i.e. RHBGTF, RHBATRF and
RHBGMMF (except RHBDVEF and RHBGFF):-
The valuation of the Fund will be carried out at the time of the close of business of
the relevant exchanges. A pre-determined time is set at 5:00 pm on the following
Business Day. Hence, unit pricing for a Business Day will be known only on the
following Business Day. For any transactions encompassing purchases, redemptions,
switching or transfer before 4.00 pm on a Business Day, the price for these
transactions will be the unit pricing for that Business Day, which will be known only
on the following Business Day. Should investors rely upon the local dailies, the unit
prices can be obtained two (2) days later. For transactions at or after 4.00 pm, it will
be processed using the unit pricing for the next Business Day.
For RHBDVEF:-
the relevant exchanges. A pre-determined time is set at 10:30 am on the following

For RHBGFF:-
For all local money market funds i.e. RHBCMF and RHBICMF
-101-
4.8 Policy On Gearing And Assets Of The Fund
The fund is prohibited from borrowing other assets (including borrowing of securities
within the meaning of Guidelines on Securities Borrowing and Lending) in
connection with its activities. Notwithstanding the above, the fund may borrow cash
for the purpose of meeting repurchase requests for units and for short-term bridging
requirements. For the said purposes, the management company should ensure that: (a)
the funds cash borrowing is only on a temporary basis and that borrowings are not
persistent; (b) the borrowing period should not exceed one month; (c) the aggregate
borrowings of a fund should not exceed 10% of the funds NAV at the time the
borrowing is incurred; and (d) the fund may only borrow from financial institutions.
4.9 Zakat Payment

The Shariah Funds do not pay zakat on behalf of Muslim individuals and Muslim
legal entities who are investors of the Shariah Funds since doing so would not satisfy
completely their zakat obligations. Such investors are thus required to pay on their
own behalf.
-102-
5. FEES, CHARGES AND EXPENSES

5.1 Charges Of The Funds
The following describes the charges that you may directly incur when you purchase or
redeem units in the Fund:
(a) Sales Charge*
Equity, Balanced, Feeder Funds
and Fund of Funds
Bond Funds Money Market Funds
Cash Investors:
Direct Investment with RHBIM
- Up to 6.0% of the NAV per Unit
Via Tied Agents
Via IUTA
Note :- Investors may negotiate for a
lower Sales Charge.
Investors investing under the EPF
Members Investment Scheme:
Up to 3% of the NAV per Unit for all
distribution channels and direct
investment with RHBIM.
(In respect of any Equity, Balanced,
Bond or Money Market Funds, the
sales charge levied for investors
investing under the EPF Members
Investment Scheme is regulated by
EPF)
Nil
However, for RHBGLF
Today, the Sales Charge
imposed will be up to
0.75% of the NAV per
channels (i.e. direct
investment with RHBIM,
tied agents and IUTA)
negotiate for a lower Sales
Charge.
Nil
* Note :- Investors may negotiate for a lower Sales Charge.
* All Sales Charge will be rounded up to two (2) decimal places and will be
retained by the Manager.
* Please refer to Section 6.3 of the Transaction Information chapter for an
illustration on how the Sales Charge is calculated.
-103-
(b) Repurchase Charge

The Manager will not impose any Repurchase Charge for any repurchase of
Units of the Funds. However, for RHBBF and RHBIBF, the repurchase
charge of up to 1.0% of the NAV per Unit will be imposed for all repurchase
made via all distribution channels (i.e. direct investment with RHBIM, tied
agents and IUTA) on or before the 1
st
year of investment, thereafter, no
repurchase charge will be imposed. No repurchase charge will be charged
during the cooling-off period. The repurchase charge may be waived at the
discretion of RHBIM for investments initially made from Normal Load
Funds into these bond funds which are then redeemed for investments back
into Normal Load Funds.
Note :- Investors may negotiate for a lower Repurchase Charge.
All Repurchase Charge will be rounded up to two (2) decimal places and will
be retained by the Manager.
Please refer to Section 6.3 of the Transaction Information chapter for an
illustration on how the Repurchase Charge is calculated.

(c) Switching Of Units
Unit Holders may exercise the switching facility on any Business Day by
completing and sending a Switching Form as prescribed by the Manager to
the head office or any regional branch offices of the Manager.
There are fees involved for the switching of units. Please refer to pages 15 to
16 of Section 3: Key Features of the Funds.
(d) Transfer Of Units

There is no transfer fee imposed by the Manager for the transfer of Units.

Note: Subject to the Deed, Units are transferable without restriction.
However the Manager may decline any transfer if it would result in the
transferor or transferee being a Unit Holder of Units of the Fund less than
the applicable Minimum Holding.
(e) Fees And Charges For Feeder Funds And Fund of Funds
The Target Fund(s) to which RHBGTF, RHBATRF, RHBGFF and
RHBGMMF invest in do not charge any service/sales charge. Annual
management fee charged by the Target Fund(s) to the respective Funds, if
any, will be fully refunded in cash or units.
RHBGFF: The Manager is entitled to a Management Fee of 1.85% per
annum of the NAV of the Fund. For the purposes of computing the
Management Fee, the NAV of the Fund should inclusive (that is, before
deduction) of the Management Fee and the Trustee Fee for the relevant day.
The Management Fee is calculated and accrued daily and payable monthly to
the Manager. As the Fund invests into the AllianzGI Global High Payout
Fund, any management fee charged by AllianzGI Global High Payout Fund
-104-
to the Fund will be fully refunded in cash. Accordingly, there is No Double

Charging of Management Fee in the Fund.

5.2 Fees And Expenses Of The Funds
The following describes the fees that you may indirectly incur when you invest in the
Funds.
(a) Annual Management Fee;
Equity, Balanced, Feeder
RHBDF, RHBCF, RHBMDF,
RHBINCF, RHBGLF 2020
and RHBGLF 2030
Up to 1.50% per annum of the
NAV of the Fund
RHBMF and RHBIGF
NAV of the Fund
RHBDVEF, RHBGTF and
RHBGMMF
NAV of the Fund
RHBATRF
NAV of the Fund
RHBGFF
NAV of the Fund
RHBBF
NAV of the Fund
RHBGLF Today
NAV of the Fund
RHBIBF
Profit sharing scheme between
the Manager and Fund in the
ratio of 15:85 respectively
based on the net investment
income, which is the income
of the Fund less the Trustees
fee and all permitted or
allowable expenses under the
Deed.
RHBCMF
Up to 0.30% per annum of
the NAV of the Fund
RHBICMF
Up to 0.30% per annum of
the NAV of the Fund
Assuming that the annual management fee is up to 1.50% per annum of the NAV of
the Fund, the annual management fee is calculated and accrued daily and payable
monthly to the Management Company.
Illustration 1: Computation of Annual Management Fee
Please note that the example below is for illustration only:
Assuming that the total NAV (before deducting the Management Fee and the Trustee
Fee) of the Fund is RM100,000,000. The calculation of annual management fee based
on total NAV of the Fund is:
RM100,000,000 x 1.50%
365 days = RM4,109.59 per day
-105-
Please note that at least 95% of the NAV of RHBGFF, RHBGTF and RHBATRF will be invested in
their respective Target Fund, no additional management fee will be charged to the investor.
Management fee charged x% out of the management
by the Manager fee paid to the target fund
Management Fee charged by the Target Fund will be paid out of the Management Fee charged
by RHBIM
THERE IS NO DOUBLE CHARGING OF FEES
(b) Annual Trustee Fee;
RHBDF
0.07% per annum of the NAV
of the Fund
RHBCF
of the Fund
RHBMDF and RHBINCF
of the Fund subject to a
minimum of RM18,000.00 per
annum
RHBGLF 2020 and RHBGLF
2030
annum
RHBMF
of the Fund
RHBIGF
RHBBF
NAV of the Fund
RHBIBF
NAV of the Fund subject to a
minimum of RM35,000.00
per annum
RHBGLF Today
NAV of the Fund subject to a
minimum of RM18,000.00
per annum
RHBCMF and RHBICMF
annum
Management Fee
RHB Feeder Fund Target Fund
-106-

of the Fund
RHBDVEF
investments in Malaysia and
investments abroad, but
subject to a minimum of
RHBGFF
annum
RHBGTF, RHBATRF and
RHBGMMF
annum (excluding foreign
custodian fee and charges)
-107-
Assuming that the trustee fee for the Fund is 0.08% per annum, on the NAV of
the Fund, the trustee fee is calculated and accrued daily and paid monthly to
the Trustee.
Illustration 2: Computation of Annual Trustee Fee
Please note that the example below is for illustration only:
Assuming that the total NAV
(before deducting the Management Fee
and Trustee Fee) is RM100,000,000
Trustee Fee 0.08%
Accrued Trustee Fee RM100,000,000 x 0.08%
(on daily basis) 365 days
= RM219.18 per day
(c) Expenses
There are annual operating expenses involved in running a Fund, including
but not limited to those stated herein below, and such expenses are paid out of
the Funds assets:-
(1) Annual Management Fee;
(2) Annual Trustee Fee;
(3) Trustee expenses as permitted under the Deed(s);
(4) Commissions/fees paid to brokers in effecting dealings in the
investments of the Fund;
(5) Tax and other duties charged on the Fund by the government and
other authorities;
(6) Fees and other expenses properly incurred by the auditors appointed
for the Funds;
(7) Fees for valuation of any investment of the Fund by independent
valuers for the benefit of the Fund;
(8) Costs incurred for the modification of the Deeds other than those for
the benefit of the Manager or Trustee;
(9) Costs incurred for any meeting of the Unit Holders other than those
convened by, or for the benefit of the Manager or Trustee;
(10) Administrative charges like printing of annual reports, distribution
cheques and postage;
(11) Shariah Adviser fees (if any); and
(12) Fees and charges payable to the custodian of the Funds assets.
Expenses associated with the management and administration of the Fund,
such as general overheads and costs for services expected to be provided by
the Manager, will not be charged to the Fund.
-108-
5.3 Policy On Rebates And Soft Commission

Any rebate on brokerage fees or shared commission is to be credited into the accounts
of the Fund (where such brokerage fees or shared commission are paid out or to be
paid out of that Fund). Goods and services (Soft Commission) received from
brokers are retained by the Manager or its delegate only if the goods and services are
of demonstrable benefit to the Unit Holders such as research materials and computer
software incidental to the investment management of that Fund.

5.4 Other costs of investing in Feeder Funds
In respect of RHBGFF, RHBGTF and RHBATRF, since the Manager will invest in
unit/shares of the Target Fund, there are other fees and charges indirectly incurred by
the respective Target Fund such as the annual custodian fees and transaction fees
which are incurred at that Target Funds level. The rates for these fees will vary
according to the country of investment and, in some cases, according to asset class.
Thus the custody cost to a Target Fund will depend on its asset allocation at any time.
As such, unit holders of a Feeder Fund will indirectly bear the custodian fee and
transaction fees charged at that Target Funds level.
Other fees borne by a Target Fund include operating and related expenses including
but not limited to, stamp duties, taxes, commissions and other dealing costs, foreign
exchange costs, bank charges, registration fees in relation to investments, insurance
and security costs, fees and expenses of the auditor, the remuneration and expenses of
its directors and officers, all expenses incurred in the collection of income and certain
other expenses incurred in the administration of that Target Fund and in the
acquisition, holding and disposal of investments. A Target Fund will also be
responsible for the costs of preparing, translating, printing and distributing all its
respective rating agencies, statements, notices, accounts, prospectuses and reports.
These fees and charges are imputed into the calculation of each of the Target Funds
NAV. As such, Unit holders of the Target Fund are indirectly bearing the above fees
and expenses charged at the Target Fund level.
As a result of investing in the Target Fund, Unit Holders will be subjected to
higher fees and charges arising from the layered investment structure.
There are fees and charges involved and investors are advised to consider them before
investing in the Fund.
-109-
6. TRANSACTION INFORMATION
6.1 Determination Of Prices And Computation Of Net Asset Value And Net Asset
Value Per Unit

For all local equity, balanced and bond funds i.e. RHBDF, RHBCF, RHBBF,
RHBMDF, RHBINCF, RHBGLF, RHBMF, RHBIBF and RHBIGF:-
For all foreign equity, bond, feeder and fund of funds i.e. RHBGTF, RHBATRF and
RHBGMMF (except RHBDVEF and RHBGFF):-
For RHBDVEF:-
the relevant exchanges. A pre-determined time is set at 10:30 am on the following

For RHBGFF:-
-110-
Illustration
For transaction made before 4.00 pm on a Business Day
For the market close of 22 June 2011, the unit price for the Business Day will be
calculated on the next Business Day, that is, 23 June 2011. The unit pricing will be
made known at 5:00 pm on 24 June 2010. However, the publication date on local
dailies for the prices as at 22 June 2011 will be on 24 June 2011.
For transaction made at or after 4.00 pm on a Business Day
For the market close of 22 June 2011, the unit price will be for the next Business Day,
which will be calculated two (2) days later, that is, 24 June 2011. The unit pricing
will be made known at 5.00 pm on 24 June 2011. However, the publication date on
local dailies will be on 27 June 2011.
The rationale for this is that the Fund may invest into markets which will remain open
for trading after the close of the Malaysian market. As such any prices adopted for the
foreign investments of the Fund may not be final for the relevant Business Day. To
value the investments better, it would be best to extract the closing prices of all
markets after their respective close, hence unit pricing is best performed on the
following day.
For all local money market funds i.e. RHBCMF and RHBICMF
The NAV of the Fund is determined at 2.00 p.m. of each Business Day and is the total
Computation of NAV
Illustration 1: Computation of NAV
The following is an illustration using hypothetical figures of a valuation carried out
for the Fund after the Initial Offer Period
RM

Net Asset Value of the Fund RM981,906,688.68
Units in Circulation 981,000,000 Units
Therefore, NAV per Unit is RM981,906,688,68
981,000,000 Units
= RM1.000924 (before rounding
adjustments)
= RM1.0009 (rounded to 4 decimal points)
-111-
6.2 Basis Of Determining The Repurchase And Selling Prices

The repurchase and sale transactions will be executed at prices next determined, i.e.
forward pricing basis. Under the forward pricing basis:-
(a) the sale of Units by the Manager to an investor will be executed at the NAV
per Unit at the next valuation point after the purchase request from the
investor is received by the Manager; and
(b) the repurchase of Units by the Manager from an investor/Unit Holder will be
executed at the NAV per Unit at the next valuation point after the
repurchase/redemption request from the investor/Unit Holder is received by
the Manager.
For all equity, balanced, bond, feeder and fund of funds i.e. RHBDF, RHBCF,
RHBBF, RHBMDF, RHBINCF, RHBGLF, RHBMF, RHBIBF, RHBIGF,
RHBDVEF, RHBGTF, RHBATRF, RHBGFF and RHBGMMF:-
A transaction of Units of the Fund by an investor/Unit Holder is considered as carried
out on a particular Business Day only if the payment together with completed
application form and relevant supporting documents are received by the Manager not
later than 4.00 pm (or such other time as the Manager may deem fit in its discretion)
on that same Business Day. In the event the same is only received by the Manager
after 4.00 pm (or such other time as the Manager may deem fit in its discretion), the
transaction is considered as carried out on the immediate following Business Day.
Any payment made on a non-Business Day shall be treated as payment made on the
following Business Day.
Applications for redemption must be submitted to the Manager on a Business Day no
later than 4.00 pm. Such redemption requests are deemed received only if all
documents and forms received by the Manager are duly and correctly completed. Any
documents and forms received by the Manager after 4.00 p.m. on a Business Day shall
be treated as having been received by the Manager on the immediate following
Business Day.
Notwithstanding the preceding paragraphs above, the business hours, payment cut-off
time and payment system of the IUTAs are subject to the internal policies of the
respective IUTAs.
For RHBCMF and RHBICMF
A transaction of Units of the Fund by an investor/Unit Holder is considered as carried
out on a particular Business Day only if the payment (in cleared funds) together with
completed application form and relevant supporting documents are received by the
Manager not later than 12.00 noon (or such other time as the Manager may deem fit in
its discretion) on that same Business Day. In the event the same is only received by
the Manager after 12.00 noon (or such other time as the Manager may deem fit in its
discretion), the transaction is considered as carried out on the immediate following
Business Day. Any payment (in cleared funds) made on a non-Business Day shall be
treated as payment made on the following Business Day.
Applications for redemption must be submitted to the Manager on a Business Day no
later than 12.00 noon. Such redemption requests are deemed received only if all
documents and forms received by the Manager are duly and correctly completed. Any
documents and forms received by the Manager after 12.00 noon on a Business Day
-112-
shall be treated as having been received by the Manager on the immediate following
Business Day.
Notwithstanding the preceding paragraphs above, the business hours, payment cut-off
time and payment system of the IUTAs are subject to the internal policies of the
respective IUTAs.
6.3 Unit Pricing And The Single Pricing Regime
Under the single pricing regime (SPR), both the Repurchase Price and the Selling
Price should be the NAV per Unit of the Fund as at the next valuation point following
an application to purchase or request for repurchase of Units of the Fund is received
by the Manager. The Repurchase Charge and Sales Charge are calculated and charged
separately. The SPR will provide greater transparency to the investors on the charges
imposed by the Manager and each distribution channel such as tied agents and IUTAs.
(a) Sales Of Units
Making an Investment
Buying of Units by investors is transacted at the NAV per Unit of the Fund.
Assuming that a Fund which an investor wishes to purchase has a fixed Sales
Charge of 5.0% of the NAV per Unit.
Illustration: Purchase of Units
Hypothetical figures are used for the purposes of this illustration. On 30 June
2011, if Investor A decided to invest RM5,000 in the Fund.
Let us assume that the NAV per Unit of the Fund is RM0.5000 and that the
Sales Charge payable on the purchase of units in the Fund is 5.0% of the
NAV per Unit.
Based on the above, Investor A will have 10,000 Units credited into his
investment account as shown below:
Units Credited to
Investors account
Amount Invested = RM5,000 10,000 Units
NAV per Unit RM0.5000
Sales Charge per unit = NAV per Unit x Sales Charge (%)
= RM0.5000 x 5.0%
= RM0.0250
Total Sales Charge
incurred by Investor A = Sales Charge per unit x Units credited to
investor
= RM0.0250 x 10,000 units
= RM250
Following the above, the total amount payable by Investor A:
= Amount invested in the Fund + Sales Charge incurred
= RM5,000 + RM250
= RM5,250
-113-
(b) Repurchase Charge

Redeeming An Investment
Redemption of units by investors is transacted at the NAV per Unit of the
Fund. Assuming the Manager does not impose a redemption/repurchase
charge for redemption of Units.
Illustration: Redemption of Units
Hypothetical figures are used for the purposes of this illustration. On 30 June
2011, Investor B decides to redeem 10,000 units of the Fund. He submits his
redemption request.
Let us assume that the NAV per Unit of the Fund is RM0.5000.
Based on the above,
the amount redeemed = Units redeemed x NAV per Unit
= 10,000 units x RM0.5000
= RM5,000
Repurchase charge per unit = NAV per Unit x Repurchase
Charge (%)
= RM0.5000 x 0%
= RM0

Total Repurchase Charge
incurred by Investor B = Repurchase Charge per Unit x
Units redeemed
= RM0 x 10,000 units
= RM0
Following the above, the repurchase proceeds received by Investor B within
10 days from the Managers receipt of his redemption request:
= Amount redeemed from the Fund - Repurchase Charge incurred
= RM5,000 RM0
= RM5,000
6.4 Policy On Rounding Adjustments

The NAV per Unit for the Fund is rounded to 4 decimal points.
6.5 Incorrect Pricing
In the event of any incorrect pricing of Units of the Fund, the Manager shall take
immediate remedial action and make all necessary reimbursements where that
incorrect pricing
(i) is equal or more than zero point five per centum (0.5%) of the Net Asset Value
per Unit; and
(ii) results in a sum total of Ringgit Malaysia Ten (RM10.00) or more to be
reimbursed to the affected Unit Holder or former Unit Holder for each sale or
repurchase transaction.
Subject to any regulatory requirements, the Manager shall have the right to amend,
vary or revise the abovesaid limits or threshold from time to time.
-114-
6.6 Transaction Details

(a) Minimum Initial Investment
All the Funds except for RHBCMF and RHBICMF, the minimum initial
investment in the Funds is RM1,000.00, or such amounts as the Manager may
from time to time decide.
For RHBCMF and RHBICMF, the minimum initial investment in the Fund is
RM100,000.00 for institutional investors and RM50,000.00 for retail
investors or multiples thereof, or such amounts as the Manager may from
time to time decide.
(b) Minimum Additional Investment
All the Funds except for RHBCMF and RHBICMF, the minimum additional
investment in the Funds is RM100.00, or such amounts as the Manager may
from time to time decide.
For RHBCMF and RHBICMF, the minimum additional investment in the
Fund is RM50,000.00 for institutional investors and RM25,000.00 for retail
investors or multiples thereof, or such amounts as the Manager may from
time to time decide.

(c) Minimum Repurchase Amount
The Manager does not impose any minimum amount for any repurchase
transaction but subject to the Minimum Holding requirement.
(d) Minimum Holding
For RHBDF, RHBCF, RHBMDF, RHBBF, RHBIBF, RHBMF and
RHBINCF, a minimum holding of 1,000 Units of the Fund, or such other
amount as the Manager shall determine from time to time. If the value of an
investment falls below the stipulated limit due to a withdrawal, transfer,
switching, distribution or fall in the unit price, RHBIM can withdraw the
entire investment and forward the proceeds to the investor.
For RHBGLF, RHBIGF, RHBGTF, RHBGFF, RHBDVEF, RHBATRF and
RHBGMMF, a minimum holding of 2,000 Units of the Fund, or such other
For RHBCMF and RHBICMF, in the case of an institutional investor, a
minimum holding of 100,000 Units of the Fund and in the case of a retail
investor, a minimum holding of 50,000 Units of the Fund, or such other

(e) Procedure and Processes
(i) Making an investment with RHBIM is simple. Units can be
purchased or sold at the Managers head office, its regional/branch
offices or any of its authorised IUTAs and tied agents.
-115-
(ii) The application forms and prospectuses can also be obtained from
these offices and distributors. Please refer to section 6.7 for further
details.
(iii) Completed application forms accompanied by the necessary
remittance can then be forwarded to these offices before their
respective cut-off time.
TRANSACTIONS OPERATIONAL REQUIREMENTS
MAKING AN INITIAL
INVESTMENT
Individual investor (single or joint applicant)
completed Account Application Form,
Transaction Purchase Form and Pre-Investment
Form;
completed KWSP 9N (AHL) Form (if
individual is an investor investing via the EPF
Members Investment Scheme);
photocopy of identity card, birth certificate (if
joint applicant is a minor) or passport (if
applicant is a Malaysian resident or foreigner);
and
payment for the investment in cleared funds.
Corporate investor
completed Account Application Form,
Transaction Purchase Form.
a copy each of the companys resolution and
certificate of incorporation (certified by a
director or company secretary); and list of
authorised signatories and specimen signatures
Form 11, 13, 49 and other documents, if
required; and
An investor is recognised as a registered Unit
Holder by RHBIM upon acceptance and receipt of
payment together with completed Account
Application Form and other relevant supporting
documents by RHBIM. The Manager will then issue
a notification confirming the investment within 5
Business Days upon receipt of the aforesaid
documents provided that the application monies
have cleared. In respect of a foreign investor, the
Manager will issue a notification confirming the
investment within 8 Business Days upon receipt of
the aforesaid documents provided that the
application monies have cleared.
MAKING AN
ADDITIONAL
INVESTMENT
Individual investor (single or joint applicant)
completed Transaction Purchase Form; and
Corporate investor
completed Transaction Purchase Form; and
-116-

The additional investments are recognised by the
Manager upon its receipt of payment together with
the relevant supporting documents. The Manager
will then issue a notification confirming the
investment within 5 Business Days upon receipt of
the aforesaid documents provided that the
application monies have cleared.
REPURCHASE OF UNITS Individual investor (single or joint applicant)
completed Repurchase Form.
Corporate investor
completed Repurchase Form.
Repurchase can be made in part provided the
applicable Minimum Holding is not breached or
entirely on any Business Day. There is no
restriction on the frequency of repurchase unless
the applicable Minimum Holding is breached. For
the avoidance of doubt, the Manager will deem an
automatic request for full repurchase to have been
made by the Unit Holder should a request for
partial redemption reduce the Unit holdings of that
investor to below the required holding of units i.e
the applicable Minimum Holding.
However, the Manager may at its sole discretion
determine the maximum number of units which can
be made the subject of any request to repurchase
delivered to an agent at any one time. It may
likewise at its sole discretion determine an interval
of time which shall elapse between the making of
requests to repurchase by a Unit Holder to an
agent.
For all the Funds except for RHBCMF and
RHBICMF, Unit Holders may receive the
repurchase proceeds within ten (10) days from the
date the Manager is in receipt of the duly completed
Repurchase Forms.
For RHBCMF and RHBICMF, Unit Holders may
receive the repurchase proceeds on the following
Business Day upon receipt of the duly completed
Repurchase Forms by the Manager.
For EPF Unit Holders, the repurchase proceeds
will be remitted to Kumpulan Wang Simpanan
Pekerja (KWSP) by crediting into the members
-117-

provident account.
TRANSFER Individual investor (single or joint applicant)
completed Transfer Form;
Account Application Form (Transferee to
complete) and Pre-Investment Form (for new
transferee); and
photocopy of identity card or passport of
transferee.
Corporate investor
completed Transfer Form;
Account Application Form (Transferee to
complete) and Pre-Investment Form (for new
transferee, who is an individual); and
a copy each of the transferors and transferees
companys resolution and certificate of
incorporation (certified by a director or company
secretary) and list of authorised signatories and
specimen signatures
The Manager will then issue a notification
confirming the transaction within 5 Business Days
upon receipt of the aforesaid documents. In respect
of a foreign investor, the Manager will issue a
notification confirming the transaction within 8
Business Days upon receipt of the aforesaid
documents.
SWITCHING Individual investor (single or joint applicant)
completed Switching Form.
Corporate investor
completed Switching Form.
The Manager will then issue a notification
confirming the transaction within 5 Business Days
upon receipt of the aforesaid documents.
Please refer to section 3.2, section 5.1(c) and section
6.7 for further details.
-118-

COOLING-OFF A qualified first time investor fulfilling the criteria
set out below is entitled to exercise his cooling-off
right within 6 Business Days from the date of the
acceptance of the application (which shall be the
date on which the investment monies are deposited
into the collection accounts of RHBIM). During this
cooling-off period, should a Unit Holder change his
mind about the investment, he may exercise his
cooling-off right via a letter and shall be paid within
10 days of the receipt of the cooling-off notice by
the Manager, the total sum of :
(a) the purchase price per Unit on the day the Units
were purchased; and
(b) the Sales Charge per Unit originally imposed on
the day the Units were purchased.
For investors who pay by cheque, the refund will be
made upon clearance of the cheque.
The cooling-off right is only accorded to a qualified
investor investing for the first time in any of the
funds managed by the Manager and would exclude:
(a) a corporation or institution;
(b) a staff of the Manager; and
(c) persons registered to deal in unit trusts of
the Manager.
In the case of an investor investing via the
Employees Provident Fund (EPF) Members
Investment Scheme, cooling-off right is subject to
the terms and conditions imposed by EPF.
6.7 Switching Process
A switch is processed as a withdrawal from one fund and an investment into another.
If RHBIM receives a valid switch request before 4:00 pm (or such other time as the
Manager may deem fit in its discretion) (for all Funds except for RHBCMF and
RHBICMF), RHBIM will process it using the NAV per Unit calculated for that
Business Day. If RHBIM receives the request at or after 4:00 pm, then it will be
processed using the NAV per Unit calculated for the next Business Day.
However, Unit holders of RHBCMF and RHBICMF should note that, depending on
the type of funds involved, the price of the fund to be switched out from and the price
of the fund to be switched in to will be that of different days. The table below sets out
the pricing policy applicable to the different types of switching for RHBCMF and
RHBICMF:
-119-
For RHB Cash Management Fund and RHB Islamic Cash Management Fund
If we receive a valid switching request before 12.00 noon (or such other time as the
Manager may deem fit in its discretion), RHBIM will process it using the unit pricing
for that Business Day. If we receive the request at or after 12.00 noon, it will be
processed using the unit pricing for the next Business Day.
However, investors should note that, depending on the type of funds involved, the
price of the fund to be switched out from and the price of the fund to be switched in
to will be that of different days.
The table sets out the pricing policy applicable to the different types of switching:
Switching Type Pricing Date
Switch out fund Switch in fund
From other funds
(non-Money
Market Fund) to
this Fund
T*
(application received by the
cut-off time on the same
Business Day)
T + 3 Business Day
Business Day)
From this Fund to
other funds (non
Money Market
fund)
T
Business Day)
T*
Business Day)
From this Fund to
another Money
Market Fund and
vice versa
T
Business Day)
T+1
Business Day)
T = Business Day

* For funds that have foreign exposure, pricing as at T will be made known on
T + 1 Business Day

6.8 Distribution Channels
The Fund is distributed via the following channels:
Institutional Unit Trust Advisers (IUTAs)
Tied Agents
CUTA
Direct investment via RHBIM
The addresses and contact numbers of the head office and regional offices of RHBIM
are disclosed in the Corporate Directory. The approved distributors of the Funds are
listed in Section 21: Directory of Offices and IUTA.
Investors are advised not to make payment in cash when purchasing units of the Funds
via any Tied Agents and/or IUTAs.
-120-
6.9 Distribution Policy And Payment

For each of the Funds Income Distribution Policy, Frequency of Income Distribution
and Mode of Income Distribution please refer to Section 3.3: Other Information
For The Funds.
Auto Re-investment Of Distribution Cheques Upon The Lapse Of Six Months
Cheque Validity Period
All unclaimed distributions will be automatically reinvested into additional units at
the expiry of the validity period of the cheques based on the prevailing NAV per Unit
seven (7) Business Days after the validity period of the cheques.
6.10 Policy On Unclaimed Moneys
All outstanding unclaimed payments including money under any Unit Holders
account with the Manager which has been closed will be filed and paid to the
Registrar of Unclaimed Moneys after the lapse of 1 year from the date of payment. If
the Unit Holders wish to make claims after the moneys have been paid to the
Registrar of Unclaimed Moneys, they have to forward their claims to the Registrar of
Unclaimed Moneys themselves.
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7. PERFORMANCE OF THE FUNDS

RHB Dynamic Fund
Average Total Returns For The Following Period Ended 31 December 2010
1-Year 3-Year 5-Year
RHB Dynamic Fund (%) 21.42 5.28 14.15
FBM KLCI (%) 19.34 1.70 13.76
Annual Total Return For The Financial Years Ended 31 December
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
RHB Dynamic Fund (%) 14.00 3.10 28.10 4.63 -7.83 15.43 27.67 -33.37 43.20 21.42
FBM KLCI (%) 2.42 -7.15 22.84 14.29 -0.84 21.83 31.82 -39.33 45.17 19.34
Source: Lipper Hindsight, 22 April 2011
1-Year Fund Performance Review
The Fund registered a total return of 21.42% for the financial year ended 31 December 2010 in
comparison to the benchmark FBM KLCIs return of 19.34% over the same period.
Asset Allocation
2008 2009 2010
Equity Investments (%) 70.00 94.41 93.28
Collective Investment Schemes (%) 7.32 0.00 0.00
Liquid Assets and Other Net Current Assets (%) 22.68 5.59 6.72
As at 31 December 2010, 93.28% of the Fund has been invested in equities and the balance of 6.72%
in liquid assets and other net current assets.
Portfolio Turnover Ratio (PTR)
2008 2009 2010
PTR (times) 0.76 0.89 0.62
The Portfolio Turnover of the Fund for the financial year ended 31 December 2010 was slightly lower
as compared to that in financial year ended 31 December 2009 as there were less trading activities to
take advantage of the rise in the equity market during the financial year under review.
Distribution
2008 2009 2010
Gross Distribution Per Unit (sen) - - -
Net Distribution Per Unit (sen) - - -
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RHB Capital Fund

Average Total Returns For The Following Period Ended 30 April 2011
RHB Capital Fund (%) 17.33 11.38 14.00
FBM KLCI (%) 14.01 6.64 12.34
Annual Total Return For The Financial Years Ended 30 April
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
RHB Capital Fund
(%)
44.39 -14.96 37.84 -2.14 6.59 28.38 -1.26 -16.68 37.20 17.33
FBM KLCI (%) 35.84 -20.61 32.97 4.86 7.99 39.30 -3.21 -22.59 35.90 14.01
Source: Lipper Hindsight, 30 May 2011
The Fund registered a total return of 17.33% for the financial year ended 30 April 2011 in comparison
with a return of 14.01% in the FBM KLCI.
Asset Allocation
2009 2010 2011
As at 30 April 2011, the Fund has invested 93.42% in equities and the balanced of 6.58% was held in
liquid assets and other net current assets.
2009 2010 2011
PTR (times) 0.71 0.73 0.60
The Portfolio Turnover for RHB Capital Fund in 2011 was slightly lower as compared to that in 2010
as there were less trading activities to take advantage of the rise in the equity market during the year.
Distribution
2009 2010 2011
Gross Distribution Per Unit (sen) - - 6.0000
Net Distribution Per Unit (sen) - - 5.2115
Distribution is in the form of cash.
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RHB Bond Fund

Average Total Returns For The Following Period Ended 30 September 2010
RHB Bond Fund (%) -0.39 -1.80 -0.002
Maybanks 12 Months Fixed Deposit Rate
(%)
2.65 3.19 3.58
Annual Total Return For The Financial Years Ended 30 September
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
RHB Bond Fund (%) 7.51 9.22 6.31 4.35 7.82 2.18 3.45 -11.84 7.71 -0.39
Maybanks 12 Months
Fixed Deposit Rate (%)
4.24 4.02 3.89 3.70 3.70 3.77 3.72 3.72 2.90
2.65
The Fund registered a negative return of 0.39% for the financial year ended 30 September 2010 as
compared to the benchmark of Maybanks 12 Months Fixed Deposit Rate of 2.65% over the same
period.
Asset Allocation
2008 2009 2010
Unquoted Fixed Income Securities (%) 79.04 92.91 78.68
Quoted Investment (ICULS) (%) 1.11 0.61 0.00
Collective Investment Scheme (%) 1.67 2.21 0.00
As at 30 September 2010, the Fund has invested 78.68% in unquoted fixed income securities and the
balance of 21.32% in liquid assets and other net current assets.
2008 2009 2010
PTR (times) 0.87 0.26 0.33
The Portfolio Turnover Ratio increased to 0.33 times for the financial year ended 30 September 2010
compared to 0.26 times previously. This is in line with the Managers active tactical strategy to
enhance the Funds potential returns.
Distribution
2008 2009 2010
Gross Distribution Per Unit (sen) - 5.0000 -
Net Distribution Per Unit (sen) - 5.0000 -
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Average Total Returns For The Following Period Ended 31 March 2011
1-Year
RHB Malaysia DIVA Fund (%) 17.33
Maybanks 12 Months Fixed Deposit Rate
(%)
2.83
Annual Total Return For The Financial Years Ended 31 March
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
RHB Malaysia DIVA Fund (%) 44.15 -16.49 63.98 -17.22 -8.48 23.54 0.96 -23.48 37.27 17.33
Maybanks 12 Months Fixed
Deposit Rate (%)
4.11 4.02 3.74 3.70 3.70 3.79 3.71 3.50 2.50 2.83
The Fund registered a gain of 17.33% for the financial year ended 31 March 2011 compared to the
benchmark of Maybanks 12 Months Fixed Deposit Rate of 2.83% over the same period.
Asset Allocation
2009 2010 2011
Equity Investments (%) 58.37 100.39* 98.98
As at 31 March 2011, the Fund has invested 98.98% in equities and the balance of 1.02% in liquid
assets and other net current assets.
*The market value in excess of 100% is attributable to provision made for income distribution during
the financial year ended 31 March 2010, which has yet to be paid as at 31 March 2010.
2009 2010 2011
PTR (times) 0.95 0.92 0.78
The Portfolio Turnover for the financial year ended 31 March 2011 was slightly lower, as trading
activities were considerably less in order to take advantage of the uptrend in the equity market.
Distribution
2009 2010 2011
Gross Distribution Per Unit (sen) - 3.0000 4.0000
Net Distribution Per Unit (sen) - 2.4926 3.5816
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RHB Income Fund

Average Total Returns For The Following Period Ended 30 April 2011
RHB Income Fund (%) 11.33 8.57 8.36
Benchmark (%) * 7.56 4.55 6.76
Annual Total Return For The Financial Years Ended 30 April
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
RHB Income Fund (%) 13.73 -1.45 22.96 0.92 7.36 11.69 1.00 -3.53 17.06 11.33
Benchmark (%) * 13.78 -4.96 12.62 4.11 5.25 16.99 0.65 -7.65 14.41 7.56
* The benchmark is the weighted average of 30% of FBM KLCI and 70% of Maybanks 12 Months Fixed
Deposit Rate.
The Fund registered a gain of 11.33% versus the benchmarks return of 7.56% over the financial year
ended 30 April 2011. The benchmark is the weighted average of 30% of FBM KLCI and 70% of
Asset Allocation
2009 2010 2011*
Fixed Income Securities (%) 49.98 36.35 27.88
As at 30 April 2011, the Fund has invested 72.16% in equities, and 27.88% in fixed income securities.
*The market value in excess of 100% is attributable to provision made for income distribution during
the financial year ended 30 April 2011, which has yet to be paid as at 30 April 2011.
2009 2010 2011
PTR (times) 1.51 0.90 0.97
The Portfolio Turnover Ratio for RHB Income Fund for the financial year ended 30 April 2011 was
higher as compared to the previous financial year given the higher profit taking and re-positioning
activities executed during the period in order to maximize profits.
Distribution
2009 2010 2011
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RHB GoldenLife Funds RHB GoldenLife Today

Average Total Returns For The Following Period Ended 28 February 2011
RHB GoldenLife Today (%) 9.30 5.79 9.58
Benchmark (%) * 4.50 3.08 4.35
Annual Total Return For The Financial Years Ended 28 February
2006 2007 2008 2009 2010 2011
RHB GoldenLife Today (%) 2.70 9.97 14.59 1.54 5.75 9.30
Benchmark (%) * 3.57 6.28 4.88 -1.34 5.96 4.50
Deposit Rate.
The Fund registered a total return of 9.30% compared to a gain of 4.50% recorded by the weighted
average return of the FBM KLCI (10%) and Maybank's 12 Months Fixed Deposit Rate (90%).
Asset Allocation
2009 2010 2011
As at 28 February 2011, 7.77% of the Fund has been invested in equities, 89.66% in fixed income
securities and the balance of 2.57% in liquid assets and other net current assets.
2009 2010 2011
PTR (times) 0.95 0.37 0.33
The Portfolio Turnover Ratio for financial year ended 28 February 2011 was lower due to less trading
activities. This was helped by a recovering market which provided more certainty on the direction of
the market.
Distribution
2009 2010 2011
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RHB GoldenLife Funds RHB GoldenLife 2020

Average Annual Returns For The Following Period Ended 28 February 2011
RHB GoldenLife 2020 (%) 15.74 11.08 25.41
Benchmark (%) * 11.41 3.20 8.21
2006 2007 2008 2009 2010 2011
RHB GoldenLife 2020 (%) 4.75 31.58 29.50 -15.42 36.11 15.74
Benchmark (%) * 2.97 17.48 9.56 -20.01 22.98 11.41
Deposit Rate.
The Fund registered a total return of 15.74% compared with a gain of 11.41% recorded by the
weighted average return of the FBM KLCI (55%) and Maybank's 12 Months Fixed Deposit Rate
(45%).
Asset Allocation
2009 2010 2011
As at 28 February 2011, 53.30% of the Fund has been invested in equities, 25.03% in fixed income
securities and the balance of 21.67% in liquid assets and other net current assets.
2009 2010 2011
PTR (times) 1.87 0.95 0.70
the market.
Distribution
2009 2010 2011
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RHB GoldenLife Funds RHB GoldenLife 2030

RHB GoldenLife 2030 (%) 18.63 9.48 26.75
Benchmark (%) * 15.46 3.26 10.80
2006 2007 2008 2009 2010 2011
RHB GoldenLife 2030 (%) 8.69 39.33 30.63 -20.48 36.15 18.63
Benchmark (%) * 2.84 25.01 12.23 -29.97 35.77 15.46
Deposit Rate.
The Fund registered a total return of 18.63% compared with a gain of 15.46% recorded by the
weighted average return of the FBM KLCI (85%) and Maybank's 12 Months Fixed Deposit Rate
(15%).
Asset Allocation
2009 2010 2011
As at 28 February 2011, 70.92% of the Fund has been invested in equities and the balance of 29.08%
2009 2010 2011
PTR (times) 2.26 1.32 1.13
the market.
Distribution
2009 2010 2011
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Average Total Returns For The Following Period Ended 31 July 2010
1-Year
RHB Cash Management Fund (%) 1.94
Maybanks Savings Rate (%) 1.12
Annual Total Return For The Financial Year Ended 31 July
2008 2009 2010
RHB Cash Management Fund (%) 2.33 2.42 1.94
Maybanks Savings Rate (%) 1.42 1.26 1.12
The Fund registered a gain of 1.94% compared to the Maybanks Savings Rate of 1.12%.
Asset Allocation
2008 2009 2010
Deposits with Licensed Financial Institutions (%) 93.10 99.92 92.19
As at 31 July 2010, the Fund has invested 92.19% in deposits with licensed financial institutions and
the balance of 7.81% in liquid assets and other net current assets.
2008 2009 2010
PTR (times) 30.65 19.69 18.82
The decrease in the Portfolio Turnover Ratio was a result of the increase of the average net asset value
of the Fund.
Distribution
2008 2009 2010
Gross Distribution Per Unit (sen) 2.3103 2.3918 1.9180
Net Distribution Per Unit (sen) 2.3103 2.3918 1.9180
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Local Shariah Funds

RHB Mudharabah Fund
RHB Mudharabah Fund (%) 12.76 5.83 11.30
Benchmark (%) * 10.47 1.18 8.63
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
RHB Mudharabah Fund (%) 11.94 -5.83 18.75 -1.01 -7.73 15.24 15.13 -15.52 23.32 12.76
Benchmark (%) * - - 18.40 0.30 0.46 19.21 16.28 -23.63 22.73 10.47
* Maybanks 12 Months General Investment Account Rate is only available in Lipper Hindsight from
November 2002 onwards. The benchmark is the weighted average of 50% of FTSE Bursa Malaysia Emas
Shariah Index (FBMS) and 50% of Maybanks 12 Months General Investment Account Rate.
The Fund registered a total return of 12.76% compared with a return of 10.47% by its benchmark -
weighted average return of the FTSE Bursa Malaysia Emas Shariah Index (FBMS) (50%) and
Maybanks 12 Months General Investment Account Rate (50%).
Asset Allocation
2009 2010 2011
Quoted Shariah Compliant Equity Investments
(%)
30.02 57.81 61.74
Unquoted Sukuk (%) 38.31 32.78 35.98
As at 28 February 2011, the Fund has invested 61.74% in quoted Shariah compliant equities, 35.98%
in unquoted sukuk and the balance 2.28% in liquid assets and other net current assets.
2009 2010 2011
PTR (times) 0.45 0.89 1.53
The Portfolio Turnover Ratio was higher mainly due to the Funds increased trading activities in line
with the recovery in the economy and stock market during the financial year ended 28 February 2011.
Distribution
2009 2010 2011
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Average Total Returns For The Following Period Ended 30 September 2010
RHB Islamic Bond Fund (%) 8.60 8.07 5.69
Maybanks 12 Months General Investment
Account Rate (%) *
2.71 2.96 3.45
Annual Total Return For The Financial Years Ended 30 September
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
(%)
7.34 8.16 5.63 5.42 8.24 2.61 0.79 5.18 8.74 8.60
Maybank 12 Months
General Investment Account
Rate (%) *
- - - 3.49 3.61 3.67 3.88 3.15 2.78 2.71
* Maybanks 12 Months General Investment Account Rate is only available in Lipper Hindsight from
November 2002 onwards.
The Fund achieved a total return of 8.60% as compared to the benchmark of Maybanks 12 Months
General Investment Account Rate of 2.71%.
Asset Allocation
2008 2009 2010
Shariah Compliant Collective Investment
Scheme (%)
0.86 0.98 0.95
Unquoted Sukuk (%) 92.09 79.03 80.59
As at 30 September 2010, the Fund has invested 80.59% in unquoted sukuk, 0.95% in Shariah
compliant collective investment scheme and the balance of 18.46% in liquid assets and other net
current assets.
2008 2009 2010
PTR (times) 0.62 0.16 0.37
The Portfolio Turnover Ratio is higher for 2010 as compared to the previous financial year. This is in
line with the Managers active tactical strategy to enhance the Funds potential returns.
Distribution
2008 2009 2010
Gross Distribution Per Unit (sen) 5.3400 5.5000 -
Net Distribution Per Unit (sen) 5.3400 5.5000 -
-132-

Average Total Returns For The Following Period Ended 31 January 2011
RHB Islamic Growth Fund (%) 22.61 2.45 20.26
FTSE Bursa Malaysia Emas Shariah (%) 23.95 3.58 13.90
Annual Total Return For The Financial Years Ended 31 January
2005 2006 2007 2008 2009 2010 2011
RHB Islamic Growth Fund (%) 0.64 -11.44 18.46 33.31 -33.86 32.36 22.61
FTSE Bursa Malaysia Emas
Shariah (%)
6.96 -3.13 38.34 31.40 -38.24 44.66 23.95
The Fund registered a gain of 22.61% compared to a gain of 23.95% recorded by the FTSE Bursa
Malaysia EMAS Shariah Index (FBMS).
Asset Allocation
2009 2010 2011
Shariah Compliant Equity Investments (%) 67.88 92.77 90.90
Shariah Compliant Collective Investment
Scheme (%)
3.29 2.83 5.01
As at 31 January 2011, 90.90% of the Fund has been invested in Shariah compliant equities, 5.01% in
Shariah compliant collective investment scheme RHB Islamic Cash Management Fund and the
2009 2010 2011
PTR (times) 0.73 0.80 0.84
Portfolio Turnover Ratio is higher for financial year ended 31 January 2011 as compared to previous
financial year as there was an increase in trading activities due to better market conditions.
Distribution
2009 2010 2011
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Average Total Returns For The Following Period Ended 30 November 2010
1-Year
RHB Islamic Cash Management Fund (%) 2.06
Maybank Al-Mudharabah (GIA) 1-Month Rate (%) 2.44
Annual Total Return For The Financial Years Ended 30 November
2008 2009 2010
RHB Islamic Cash Management Fund (%) 0.74 1.92 2.06
Maybank Al-Mudharabah (GIA) 1-Month Rate (%) 0.96 2.21 2.44
The Fund registered a gain of 2.06% compared to a return of 2.44% recorded by the Maybank Al-
Mudharabah (GIA) 1-Month Rate.
Asset Allocation
2009 2010
Short Term Shariah-Based Deposits (%) 99.85 99.74
Liquid Assets and Other Net Current Assets (%) 0.15 0.26
As at 30 November 2010, the Fund has invested 99.74% in short term Shariah-based deposits and the
2009 2010
PTR (times) 23.69 15.85
The Portfolio Turnover Ration for the financial year under review is lower compared to the previous
financial year due to the decrease of the average net asset value of the Fund.
Distribution
2009* 2010
Gross Distribution Per Unit (sen) 2.8720 1.9977
Net Distribution Per Unit (sen) 2.8720 1.9977
* Financial period from 30 June 2008 (date of commencement of operations) to 30 November 2009
-134-
Foreign Funds
Average Total Returns For The Following Period Ended 31 May 2010
1-Year 3-Year
RHB Dividend Valued Equity Fund (%) 5.74 -6.64
MSCI Asia Pacific Free ex Japan (%) 10.32 -6.05
Annual Total Return For The Financial Years Ended 31 May
2006 2007 2008 2009 2010
RHB Dividend Valued Equity Fund (%) 12.20 37.84 -1.81 -22.88 5.74
MSCI Asia Pacific Free ex Japan (%) 13.94 26.52 2.78 -27.80 10.32
The Fund registered a gain of 5.74% compared to a gain of 10.32% recorded by the Morgan Stanley
Capital International Asia Pacific Free ex Japan Index (MSCI).
Asset Allocation
2008 2009 2010
As at 31 May 2010, 93.29% of the Fund has been invested in equities of which 2.07% was in local
investments and the balance of 6.71% in liquid assets and other net current assets.
2008 2009 2010
PTR (times) 0.72 0.58 1.23
The increase in the Portfolio Turnover Ratio (PTR) was due to the restructuring that was carried out
at the beginning of 2010. This process was necessary to increase the weightage of growth stocks in
the portfolio as opposed to defensive stocks. In addition, during financial year ended 31 May 2009,
the Fund was defensively positioned and held a relatively high cash level, which explains the low
PTR in financial year ended 31 May 2009.
Distribution
2008 2009 2010
Gross Distribution Per Unit (sen) 3.0000 2.2000 -
Net Distribution Per Unit (sen) 2.9819 2.1994 -
Unit Split - - -
Distribution is in the form of cash and units.
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1-Year 3-Year
RHB Global Themes Fund (%) - -7.85
MSCI World (%) 0.65 -6.56
Annual Total Return For The Financial Year Ended 31 December
2007 2008 2009 2010
RHB Global Themes Fund (%) -3.28 -44.83 38.58 -
MSCI World (%) 3.61 -37.97 28.64 0.65
During the financial year under review, price performance of the Fund was flat year-on-year as
compared to a return of 0.65% in the MSCI World (Net) Index.
Asset Allocation
2008 2009 2010
As at 31 December 2010, 99.17% of the Fund has been invested in collective investment scheme-
DWS Global Themes Equity Fund and the balance of 0.83% in liquid assets and other net current
assets.
2008 2009 2010
PTR (times) 0.17 0.09 0.25
The portfolio has been turned around 0.25 times in the financial year ended 31 December 2010 as
compared to 0.09 times in the previous financial year ended 31 December 2009. This is due to higher
redemption and portfolio rebalancing during the financial year under review.
Distribution
2008 2009 2010
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1-Year 3-Year
RHB Asian Total Return Fund (%) -4.86 -2.52
Citigroup Treasury/Agency Index (Total
Return) (%)
-4.75 2.79
Annual Total Return For The Financial Year Ended 31 December
2007 2008 2009 2010
RHB Asian Total Return Fund (%) 1.60 0.21 -3.03 -4.86
Citigroup Treasury/Agency Index (Total
Return) (%)
3.20 18.21 -3.76 -4.75
The Fund registered a loss of 4.86% as compared to a loss of 4.75% in the Citigroup Treasury/Agency
Index (Total Return).
Asset Allocation
2008 2009 2010
Unlisted Investment Singapore (%) 98.60* 98.80 96.99
*Inclusive of forward foreign currency contract
As at 31 December 2010, the Fund has invested 96.99% in collective investment scheme Schroder
International Selection Funds SISF Asian Bond and the balance of 3.01% in liquid assets and other
net current assets.
2008 2009 2010
PTR (times) 0.33 0.06 0.44
For financial year ended 31 December 2010, the increase in Portfolio Turnover Ratio was due to
redemption of units by the Funds unitholders. The Fund has to be highly invested in the Target Fund
at all times, hence the Fund has to sell down the Target Fund to meet material amounts of redemption
by unitholders.
Distribution
2008 2009 2010
Gross Distribution Per Unit (sen) 3.5350 - -
Net Distribution Per Unit (sen) 3.5350 - -
-137-

Average Total Returns For The Following Period Ended 28 February 2011
1-Year 3-Year
RHB Global Fortune Fund (%) 4.87 -3.02
Benchmark (%) * 1.52 -0.82
2007 2008 2009 2010 2011
RHB Global Fortune Fund (%) 1.07 -10.82 -32.13 27.78 4.87
Benchmark (%) * 2.93 -9.02 -19.76 19.75 1.52
* Allianz Global Investors, 16 May 2011
* The benchmark is the weighted average of 60% of MSCI World and 40% of Dividend Yield (MSCI World).
The Fund registered a gain of 4.87% compared to a gain of 1.52% in the weighted average of 60%
MSCI World and 40% Dividend Yield (MSCI World).
Asset Allocation
2009 2010 2011
As at 28 February 2011, 97.21% of the Fund has been invested in the collective investment scheme
Allianz Global Investors Premier Funds RCM Global High Payout Fund and the balance of 2.79%
2009 2010 2011
PTR (times) 0.16 0.04 0.87
The increase in the Portfolio Turnover was due to rebalancing of the portfolio to facilitate redemption
by unitholders for the financial year ended 28 February 2011.
Distribution
2009 2010 2011
Gross Distribution Per Unit (sen) 0.5500 0.8000 0.6000
Net Distribution Per Unit (sen) 0.5500 0.8000 0.6000
-138-

Average Total Returns For The Following Period Ended 31 July 2010
1-Year
RHB Global Multi Manager Fund (%) 5.00
Benchmark (%) * 4.06
Annual Total Return For The Financial Year Ended 31 July
2008 2009 2010
RHB Global Multi Manager Fund (%) -12.14 -6.21 5.00
Benchmark (%) * -4.04 -5.72 4.06
* The benchmark is the weighted average of 50% of MSCI World (Net) Index, 30% of Barclays Global
Aggregate Index, 10% of FBM KLCI and 10% of Maybanks Savings Rate.
The Fund registered a gain of 5.00% compared to a gain of 4.06% recorded by the blended benchmark
of MSCI World (Net) Index (50%), Barclays Global Aggregate Index (30%), FBM KLCI (10%) and
Maybanks Savings Rate (10%).
Asset Allocation
2008 2009 2010
Collective Investment Scheme - Local (%) 23.29 18.87 34.48
Collective Investment Scheme Foreign* (%) 74.28 80.35 63.66
As at 31 July 2010, the Fund has invested 63.66% in collective investment scheme foreign, 34.48%
in collective investment scheme local and the balance of 1.86% in liquid assets and other net current
assets.
* Inclusive of the value of foreign forward currency contract purchased for the purpose of hedging
the investment in collective investment scheme.
2008 2009 2010
PTR (times) 0.73 0.49 0.43
The lower portfolio turnover ratio reflected the lower trading activities executed for the Fund due to
the fund managers decision to maintain the high market exposure of the Fund to ride on the global
market performance during the financial year under review.
Distribution
2008 2009 2010
-139-
The average annual returns and total returns for all the Funds are indicative returns and were
calculated on a NAV to NAV basis. The average annual returns for all the Funds were derived
by dividing the total returns of the Funds with the number of years under review.
Past performances of the Funds are not an indication of their future performance.
-140-
8. HISTORICAL FINANCIAL HIGHLIGHTS OF THE FUNDS

8.1 Extract Of Financial Statements Of The Funds
This section covers the extracts of the following funds audited Statement of Comprehensive Income
and Statement of Financial Position for the past three (3) financial years preceding the date of this
prospectus:
RHB Dynamic Fund Page 141
RHB Capital Fund Page 141
RHB Bond Fund Page 142
RHB Malaysia DIVA Fund Page 142
RHB Income Fund Page 143
RHB GoldenLife Today Page 143 & 144
RHB GoldenLife 2020 Page 143 & 144
RHB GoldenLife 2030 Page 144
RHB Cash Management Fund Page 145
RHB Mudharabah Fund Page 145
RHB Islamic Bond Fund Page 146
RHB Islamic Growth Fund Page 146
RHB Islamic Cash Management Fund Page 147
RHB Dividend Valued Equity Fund Page 147
RHB Global Fortune Fund Page 148
RHB Global Themes Fund Page 148
RHB Asian Total Return Fund Page 149
RHB Global Multi Manager Fund Page 149
Past performance of the Funds are not an indication of their future performance.
The audited financial statements of the Funds are disclosed in the respective Funds annual
report.
The Funds annual report is available upon request.
-141-

RHB Dynamic Fund
Extract of Statement of Comprehensive Income for the financial years ended 31 December:
2008 2009 2010
RM RM RM
Investment Income 3,396,593 453,768 11,608,072
Total Expenses (944,976) (852,049) (899,774)
Net Investment Income/(Loss) 2,451,617 (398,281) 10,708,298
Net Income/(Loss) Before Taxation 2,451,617 (398,281) 10,708,298
Net Income/(Loss) After Taxation 2,502,403 (574,107) 10,565,131
Extract of Statement of Financial Position as at 31 December:
2008 2009 2010
RM RM RM
Total Investments 34,151,647 53,915,630 51,106,344
Total Other Assets 10,114,496 3,341,884 3,849,112
Total Assets 44,266,143 57,257,514 54,955,456
Total Liabilities (97,196) (149,310) (165,366)
Net Asset Value 44,168,947 57,108,204 54,790,090
Unitholders Capital 44,168,947 57,108,204 54,790,090
RHB Capital Fund
Extract of Statement of Comprehensive Income for the financial years ended 30 April:
2009 2010 2011
RM RM RM
Investment (Loss)/Income (8,410,856) 8,433,687 26,539,836
Total Expenses (1,844,784) (2,128,004) (2,379,566)
Net Investment (Loss)/Income (10,255,640) 6,305,683 24,160,270
Net (Loss)/Income Before Taxation (10,255,640) 6,305,683 24,160,270
Net (Loss)/Income After Taxation (10,851,030) 5,989,637 23,611,031
Extract of Statement of Financial Position as at 30 April:
2009 2010 2011
RM RM RM
Total Assets 114,403,412 150,417,131 155,630,811
Total Liabilities (1,603,905) (896,625) (6,643,833)
Net Asset Value 112,799,507 149,520,506 148,986,978
-142-
RHB Bond Fund

Extract of Statement of Comprehensive Income for the financial years ended 30 September:
2008 2009 2010
RM RM RM
Total Expenses (828,667) (628,543) (460,577)
Extract of Statement of Financial Position as at 30 September:
2008 2009 2010
RM RM RM
Total Assets 60,240,964 49,000,932 36,385,693
Total Liabilities (114,960) (2,571,979) (111,934)
Net Asset Value 60,126,004 46,428,953 36,273,759
Extract of Statement of Comprehensive Income for the financial years ended 31 March:
2009 2010 2011
RM RM RM
Total Expenses (172,230) (160,060) (158,502)
Net Investment (Loss)/Income (1,833,282) 956,262 1,324,996
Net (Loss)/Income Before Taxation (1,833,282) 956,262 1,324,996
Net (Loss)/Income After Taxation (1,864,825) 926,531 1,297,805
Extract of Statement of Financial Position as at 31 March:
2009 2010 2011
RM RM RM
Total Other Assets 2,893,439 472,653 736,298
Total Assets 7,196,816 8,035,855 7,949,542
Net Asset Value 7,023,593 7,533,528 7,287,389
-143-
RHB Income Fund

Extract of Statement of Comprehensive Income for the financial years ended 30 April:
2009 2010 2011
RM RM RM
Investment Income 91,185 1,856,923 1,478,717
Total Expenses (167,177) (282,772) (205,046)
Net Investment (Loss)/Income (75,992) 1,574,151 1,273,671
Net (Loss)/Income Before Taxation (75,992) 1,574,151 1,273,671
Net (Loss)/Income After Taxation (87,488) 1,551,686 1,231,436
Extract of Statement of Financial Position as at 30 April:
2009 2010 2011
RM RM RM
Total Other Assets 1,784,603 1,377,652 702,968
Total Assets 16,255,635 12,619,197 10,735,684
Net Asset Value 16,049,757 11,594,755 10,029,100
Extract of Statement of Comprehensive Income for the financial years ended 28 February:
2009 2010 2011
RM RM RM
Investment Income 223,642 108,303 1,697,981
Total Expenses (79,043) (66,423) (238,827)
Net Investment Income 144,599 41,880 1,459,154
Net Income Before Taxation 144,599 41,880 1,459,154
Net Income After Taxation 139,331 39,887 1,453,123
RHB GoldenLife 2020
2009 2010 2011
RM RM RM
Total Expenses (155,075) (158,970) (171,058)
-144-
RHB GoldenLife 2030

2009 2010 2011
RM RM RM
Investment (Loss)/Income (467,622) 756,066 909,118
Total Expenses (80,437) (93,639) (106,872)
Net Investment (Loss)/Income (548,059) 662,427 802,246
Net (Loss)/Income Before Taxation (548,059) 662,427 802,246
Net (Loss)/Income After Taxation (559,624) 656,014 786,934
Extract of Statement of Financial Position as at 28 February:
2009 2010 2011
RM RM RM
Total Other Assets 589,183 4,160,782 1,557,888
Total Assets 2,757,608 19,751,112 14,853,880
Total Liabilities (19,486) (30,967) (1,206,609)
Net Asset Value 2,738,122 19,720,145 13,647,271
RHB GoldenLife 2020
2009 2010 2011
RM RM RM
Total Assets 7,355,024 8,211,471 9,568,522
Net Asset Value 7,328,937 8,124,198 9,049,364
RHB GoldenLife 2030
2009 2010 2011
RM RM RM
Total Other Assets 1,457,591 759,626 1,820,584
Total Assets 2,922,691 4,131,398 5,535,140
Net Asset Value 2,901,780 4,083,158 5,237,658

-145-

Extract of Statement of Comprehensive Income for the financial period/year ended 31 July:
*2008 2009 2010
RM RM RM
Investment Income 437,647 2,432,281 3,352,717
Total Expenses (45,037) (344,501) (568,295)
Net Investment Income 392,610 2,087,780 2,784,422
Net Income Before Taxation 392,610 2,087,780 2,784,422
Net Income After Taxation 392,610 2,087,780 2,784,422
* Financial period from 23.8.2007 (date of commencement of operations) to 31.7.2008
Extract of Statement of Financial Position as at 31 July:
2008 2009 2010
RM RM RM
Total Other Assets 609,140 370,178 7,412,903
Total Assets 8,607,007 142,537,424 92,814,390
Net Asset Value 8,590,500 142,280,000 92,641,000
Local Shariah Funds
RHB Mudharabah Fund
2009 2010 2011
RM RM RM
Investment Income 2,585,599 3,963,383 6,035,390
Total Expenses (1,017,424) (957,486) (732,110)
Net Investment Income 1,568,175 3,005,897 5,303,280
Net Income Before Taxation 1,568,175 3,005,897 5,303,280
Net Income After Taxation 1,457,794 2,974,869 5,245,104
2009 2010 2011
RM RM RM
Total Assets 59,399,727 58,645,287 28,221,250
Total Liabilities (1,047,164) (778,839) (1,745,201)
Net Asset Value 58,352,563 57,866,448 26,476,049
-146-

Extract of Statement of Comprehensive Income for the financial years ended 30 September:
2008 2009 2010
RM RM RM
Total Expenses (94,885) (431,695) (609,670)
Extract of Statement of Financial Position as at 30 September:
2008 2009 2010
RM RM RM
Total Assets 60,359,424 54,382,278 56,032,882
Total Liabilities (1,815,483) (1,850,201) (563,152)
Net Asset Value 58,543,941 52,532,077 55,469,730
Extract of Statement of Comprehensive Income for the financial years ended 31 January:
2009 2010 2011
RM RM RM
Investment (Loss)/Income (1,052,592) 335,442 3,379,695
Total Expenses (299,774) (292,005) (261,765)
Net Investment (Loss)/Income (1,352,366) 43,437 3,117,930
Net (Loss)/Income Before Taxation (1,352,366) 43,437 3,117,930
Net (Loss)/Income After Taxation (1,455,849) 7,613 3,079,890
Extract of Statement of Financial Position as at 31 January:
2009 2010 2011
RM RM RM
Total Other Assets 4,482,613 1,164,358 685,050
Total Assets 15,438,705 18,645,369 10,835,064
Net Asset Value 15,394,288 18,284,824 10,582,732
-147-

Extract of Statement of Comprehensive Income for the financial period/year ended 30 November:
*2009 2010
RM RM
Investment Income 813,199 322,542
Total Expenses (134,434) (64,235)
Net Investment Income 678,765 258,307
Net Income Before Taxation 678,765 258,307
Net Income After Taxation 678,765 258,307
Extract of Statement of Financial Position as at 30 November:
2009 2010
RM RM
Total Investments 17,740,037 13,690,181
Total Other Assets 58,315 64,222
Total Assets 17,798,352 13,754,403
Total Liabilities (32,053) (28,105)
Net Asset Value 17,766,299 13,726,298
Unitholders Capital 17,766,299 13,726,298
Foreign Funds
Extract of Statement of Comprehensive Income for the financial years ended 31 May:
2008 2009 2010
RM RM RM
Investment Income/(Loss) 4,351,769 (9,275,595) 4,445,946
Total Expenses (1,488,934) (1,268,478) (1,591,296)
Net Investment Income/(Loss) 2,862,835 (10,544,073) 2,854,650
Net Income/(Loss) Before Taxation 2,862,835 (10,544,073) 2,854,650
Net Income/(Loss) After Taxation 2,729,657 (11,043,877) 2,604,461
Extract of Statement of Financial Position as at 31 May:
2008 2009 2010
RM RM RM
Total Assets 85,490,092 64,552,455 68,771,613
Total Liabilities (2,822,919) (2,995,180) (268,022)
Net Asset Value 82,667,173 61,557,275 68,503,591
-148-

2009 2010 2011
RM RM RM
Investment Income 4,614,981 5,033,814 857,549
Total Expenses (196,807) (216,896) (137,912)
Net Investment Income 4,418,174 4,816,918 719,637
Net Income Before Taxation 4,418,174 4,816,918 719,637
Net Income After Taxation 4,418,174 4,816,918 719,637
2009 2010 2011
RM RM RM
Total Other Assets 4,193,319 652,105 921,628
Total Assets 61,141,635 67,003,048 25,566,478
Total Liabilities (1,867,330) (197,602) (214,711)
Net Asset Value 59,274,305 66,805,446 25,351,767
2008 2009 2010
RM RM RM
Investment Income/(Loss) 496,407 (2,998,660) (337,915)
Total Expenses (749,373) (508,144) (482,175)
Net Investment Loss (252,966) (3,506,804) (820,090)
Net Loss Before Taxation (252,966) (3,506,804) (820,090)
Net Loss After Taxation (252,966) (3,506,804) (820,090)
2008 2009 2010
RM RM RM
Total Other Assets 725,367 233,030 341,920
Total Assets 39,420,188 48,777,350 33,833,615
Net Asset Value 39,317,859 48,710,675 33,772,084
-149-

2008 2009 2010
RM RM RM
Investment Income/(Loss) 7,468,902 (2,187,987) (1,953,208)
Total Expenses (151,616) (84,188) (63,193)
Net Investment Income/(Loss) 7,317,286 (2,272,175) (2,016,401)
Net Income/(Loss) Before Taxation 7,317,286 (2,272,175) (2,016,401)
Net Income/(Loss) After Taxation 7,317,286 (2,272,175) (2,016,401)
2008 2009 2010
RM RM RM
Total Assets 69,078,558 61,682,407 26,632,943
Net Asset Value 68,524,082 61,585,965 26,335,225
Extract of Statement of Comprehensive Income for the financial period/year ended 31 July:
*2008 2009 2010
RM RM RM
Investment Income/(Loss) 2,012,729 (7,517,809) (4,553,083)
Total Expenses (1,001,981) (655,484) (553,474)
Net Investment Income/(Loss) 1,010,748 (8,173,293) (5,106,557)
Net Income/(Loss) Before Taxation 1,010,748 (8,173,293) (5,106,557)
Net Income/(Loss) After Taxation 1,010,748 (8,173,293) (5,106,557)
Extract of Statement of Financial Position as at 31 July:
2008 2009 2010
RM RM RM
Total Assets 81,815,657 62,184,062 51,099,658
Net Asset Value 81,342,322 61,094,494 50,716,442
-150-
8.2 Expenses Incurred By The Funds

The following table shows the total annual expenses incurred by the Funds in their respective
preceding financial year ends:-
Fund Name
Management
Fee
Trustee Fee
Other
Expenses
Total
Annual
Expenses
Management
Expense
Ratio
RM % RM % RM % RM %
RHB Dynamic Fund
817,055 1.50 38,129 0.07 44,590 0.08 899,774 1.65
RHB Capital Fund 2,248,076 1.50 89,923 0.06 41,567 0.03 2,379,566 1.59
RHB Mudharabah Fund 664,824 1.50 39,890 0.09 27,396 0.06 732,110 1.65
RHB Bond Fund 407,806 1.00 32,652 0.08 20,119 0.05 460,577 1.13
RHB Malaysia DIVA
Fund
120,221 1.50 18,000 0.23 20,281 0.25 158,502 1.98
RHB Islamic Bond
Fund *
538,744 1.00* 53,729 0.10 17,197 0.03 609,670 1.13
RHB Income Fund 170,388 1.50 18,000 0.16 16,658 0.15 205,046 1.81
RHB Islamic Growth
Fund
231,100 1.50 7,755 0.05 22,910 0.14 261,765 1.69
RHB GoldenLife Today 202,701 1.25 18,000 0.11 18,126 0.11 238,827 1.47
RHB GoldenLife 2020 136,769 1.50 18,000 0.20 16,289 0.18 171,058 1.88
RHB GoldenLife 2030 72,763 1.50 18,000 0.37 16,109 0.33 106,872 2.20
RHB Cash
Management Fund
439,579 0.30 117,221 0.08 11,495 0.01 568,295 0.39
RHB Islamic Cash
Management Fund
39,717 0.30 11,593 0.08 12,925 0.11 64,235 0.49
RHB Dividend Valued
Equity Fund
1,360,403 1.80 73,524 0.09 157,369 0.21 1,591,296 2.10
RHB Global Fortune
Fund
92,244 0.24 27,098 0.07 18,570 0.05 137,912 0.36
RHB Global Themes
Fund
435,845 1.07 32,864 0.08 13,466 0.03 482,175 1.18
RHB Asian Total
Return Fund
9,919 0.02 33,949 0.08 19,325 0.05 63,193 0.15
RHB Global Multi
Manager Fund
490,440 0.84 46,786 0.08 16,248 0.03 553,474 0.95
Notes:-
* There will be no fixed rate of Annual Management Fee for RHB Islamic Bond Fund. Profit sharing scheme
between the Manager and Fund in the ratio of 15:85 respectively based on the net investment income, which
is the income of the Fund less the Trustees fee and all permitted or allowable expenses under the Deed.
The disclosure on management and trustee fees and other expenses is based on the percentage of average NAV
for the respective Funds financial year.
All the above fees and charges are measured in the MER of the respective Funds. The MER of a Fund is
calculated by dividing the total amount of the Funds operating expenses with its average Fund size in NAV
terms. The MER represents a comparative indicator of the expenses borne by one Fund relative to other similar
Funds.
-151-
The Management Expense Ratios (MER) of the Funds for their latest financial year are as
follows:-
Fund
Financial
Year End
MER for Financial Year
2009 2010 2011
RHB Islamic Growth Fund 31 January
1.67 1.64 1.69
RHB GoldenLife Today 28 February
2.19 2.37
1.47
RHB GoldenLife 2020 28 February
1.97 1.95
1.88
RHB GoldenLife 2030 28 February
2.75 2.45
2.20
RHB Mudharabah Fund 28 February
1.62 1.64 1.65
RHB Global Fortune Fund 28 February
0.23 0.31 0.36
RHB Malaysia DIVA Fund 31 March 2.05 2.02 1.98
RHB Capital Fund 30 April 1.59 1.60 1.59
RHB Income Fund 30 April 2.16 1.66 1.81
2008 2009 2010
RHB Dividend Valued Equity Fund 31 May
2.08 2.11 2.10
RHB Cash Management Fund 31 July 0.33 0.38 0.39
RHB Global Multi Manager Fund 31 July 1.19 1.04 0.95
RHB Bond Fund 30 September
1.11 1.11 1.13
RHB Islamic Bond Fund 30 September
0.13 0.75 1.13
RHB Islamic Cash Management Fund 30 November
- 0.54 0.49
RHB Dynamic Fund 31 December
1.65 1.65 1.65
RHB Global Themes Fund 31 December 1.18 1.17 1.18
RHB Asian Total Return Fund 31 December 0.15 0.13 0.15
Past Performances of the Funds are not an indication of its future performance.
The audited financial statements of the Funds are disclosed in the respective Funds annual
report.
The Funds annual report is available upon request.
-152-
9. RISK FACTORS
9.1 General Risks Of Investing In Unit Trust Funds
Just like any other form of investment, unit trust funds also carry some risks. Risk is
the term used to describe the extent to which any form of investment may fluctuate in
value. One should consider, amongst others, the following when investing in a unit
trust fund:
(a) Loan financing risk
Investors should assess the inherent risk of investing with borrowed money,
which should include the following:
The ability to service the loan repayments and the effect of increase in
interest rates on the loan repayments; and
If units are used as collateral, investors may be required to provide
additional collateral should the Funds prices fall below a certain level.
(b) Management risk
Poor management of the Fund may jeopardise the investment of each Unit
Holder. Therefore, it is important for the Manager to set the investment
policies and appropriate strategies to be in line with the investment objective
before any investment activities can be considered. However, there can be
no guarantee that these measures will produce the desired results.
(c) Liquidity risk
Liquidity risk exists when particular investments are difficult to sell, possibly
preventing a unit trust fund from selling such illiquid securities at an
advantageous time or price. Unit trust funds with principal investment
strategies that involve foreign securities, derivatives or securities with
substantial market and/or credit risk tend to have the greater exposure to
liquidity risk.
(d) Non-compliance risk
The operations and administration of the Fund by the Manager or its delegate
are governed by the Deed, all relevant laws and regulations or internal
policies and procedures. Non-compliance risk may adversely affect the
investment of the Fund especially if the Manager is forced to sell the
investment of the Fund at a lower price to rectify the non-compliance.
(e) Affected by Variable factors
The performance of the Fund is driven by many variable factors and is not
guaranteed. These include the economic and financial market conditions,
interest rate fluctuation, stability of local currency, general economic
environment and the Managers capability. Furthermore, proven track records
may not guarantee better performance. The prices of units may go down as
well as up. Likewise, distribution may vary from year to year depending on
the performance of the Fund.
Investors are reminded that the above list of risks may not be exhaustive and if necessary, they
should consult their adviser(s), e.g. their bankers, lawyers, stockbrokers or independent
financial advisers for a better understanding of the risks.
-153-
9.2 Specific Risks Of The Funds

(a) RHB Dynamic Fund
Stock market risk
Securities may decline in value due to factors affecting securities markets
generally or particular industries represented in the securities markets. The value
of a security may decline due to general market conditions which are not
specifically related to a particular company, such as real or perceived adverse
economic conditions, changes in the general outlook for corporate earnings,
changes in interest or currency rates or adverse investors sentiment generally.
They may also decline due to factors that affect a particular industry or industries,
such as labour shortages or increased production costs and competitive conditions
within an industry. Equity securities generally have greater price volatility than
fixed income securities. The market price of securities owned by a unit trust fund
might go down or up, sometimes rapidly or unpredictably.
Liquidity risk
advantageous time or price. Unit trust funds with principal investment strategies
that involve securities or securities with substantial market and/or credit risk tend
to have the greater exposure to liquidity risk. As part of its risk management,
RHBIM will attempt to manage the liquidity of the Fund through asset allocation
and diversification strategies within the portfolio. RHBIM will also conduct
constant fundamental research and analysis to forecast future liquidity of its
investments.
The performance of each individual stock that a unit trust fund invests is
dependent upon the management quality of the particular company and its growth
potential. Hence, this would have an impact on the unit trust funds prices and its
dividend income. RHBIM aims to reduce all these risks by using diversification
that is expected to reduce the volatility as well as the risk for the Funds portfolio.
In addition, RHBIM will also perform continuous fundamental research and
analysis to aid its active asset allocation management especially in its stock
selection process.
Issuer risk
The value of each individual fixed income securities that a unit trust fund invests
in may decline for a number of reasons which is directly related to the issuer,
such as, the management performance, financial leverage and reduced demand
for the issuers goods or services. RHBIM aims to reduce all these risks by using
diversification that is expected to reduce the volatility as well as the risk for the
Funds portfolio.
(b) RHB Capital Fund
Stock market risk
-154-

Liquidity risk
investments.
selection process.
Issuer risk
Funds portfolio.
(c) RHB Bond Fund
Interest rate risk
Bond prices move in the opposite direction of interest rates; a rise/fall in interest
rates will cause a fall/rise in bond prices and investor will experience a capital
loss/gain should the bond be sold before maturity. In order to mitigate interest
rates exposure of the Fund, RHBIM will manage the duration of the portfolio via
shorter or longer tenured assets depending on the view of the future interest rate
trend of RHBIM, which is based on its continuous fundamental research and
analysis.
Credit/Default risk
This refers to the likelihood that the company issuing the bonds may default.
Securities are subject to varying degrees of credit risk, which are often reflected
in credit ratings. Municipal bonds are subject to the risk that litigation, legislation
or other political events, local business or economic conditions, or the bankruptcy
-155-
of an issuer could have a significant effect on the issuers ability to make

payments of principal and/or interest. A unit trust fund could lose money if the
issuer or guarantor of a fixed income security, or the counterpart to a derivatives
contract, repurchase agreement or a loan of portfolio securities, is unable or
unwilling to make timely principal and/or interest payments, or to otherwise
honour its obligations. Credit risk can be managed by performing continuous
fundamental credit research and analysis to ascertain the creditworthiness of its
issuer.
Liquidity risk
investments.
Issuer risk
Funds portfolio.
(d) RHB Malaysia DIVA Fund
Stock market risk
Liquidity risk
that involve securities with substantial market and/or credit risk tend to have
greater exposure to liquidity risk. As part of its risk management, RHBIM will
attempt to manage the liquidity of the Fund through asset allocation and
diversification strategies within the portfolio. RHBIM will also conduct constant
fundamental research and analysis to forecast future liquidity of its investments.
-156-

selection process.
Interest rate risk
analysis.
Credit/Default risk
issuer.
Issuer risk
Funds portfolio.
(h) RHB Income Fund
Stock market risk
-157-
Liquidity risk
investments.
Interest rate risk
analysis.
Issuer risk
Funds portfolio.
Credit/Default risk
issuer.
(i) RHB GoldenLife Funds
Allocation Risks
As the Funds adopt a metamorphosis concept (that is, the asset allocation of
each Fund will automatically evolve over time), there is a risk that the
recommended allocation of a Fund at any one point in time will neither maximise
returns nor minimise risks.
-158-
There is also a risk that given a particular time horizon, a recommended

allocation will not prove to be the ideal allocation in all circumstances for every
investor.
Each Fund has a different level of risk. The Funds with shorter time horizons
(RHB GoldenLife Today for instance) will tend to be less risky and have lower
expected returns over the long term than the Funds with longer time horizon
(RHB GoldenLife 2020 and RHB GoldenLife 2030, for instance). For example,
to the extent a Fund emphasises equities, such as RHB GoldenLife 2030, it
presents a higher degree of equities investment risk. Conversely, to the extent a
Fund emphasises on bonds, such as RHB GoldenLife Today, it presents a higher
degree of fixed income securities investment risk. The value of the investment in
a Fund is based, in large part, on the prices of the equities and fixed income
securities in which the Fund invests.
Stock market risk
Interest rate risk
analysis.
selection process.
Credit/Default risk
-159-

issuer.
Liquidity risk
investments.
Issuer risk
Funds portfolio.
Inflation/Purchasing Power risk
Inflation can be defined as increases of price level of goods and services and is
commonly reported using the Consumer Price Index as a measure. Inflation is
one of the major risks to investors over the long term and results in uncertainty
over the future value of the investments. Inflation reduces purchasing power of
money. In an inflationary environment, fixed rate securities are exposed to
higher inflation risks than inflation-linked securities. This risk can be minimised
by investing in securities that can provide positive real rate of return.
(j) RHB Cash Management Fund
Interest Rate Risk
Interest rate risk is crucial in this Fund since debt securities portfolio management
depends on forecasting interest rate movements. Prices of short term debt
securities move inversely with interest rates and the degree of price sensitivity to
interest rates is a function of debt securities and coupon maturity as well as the
level of interest rates. In the event of rising interest rates, prices of debt securities
will decrease and vice versa. Therefore, interest rate risk should be low for short-
term bonds, moderate for intermediate term bonds and high for long-term bonds.
In order to mitigate interest rates exposure of the Fund, RHBIM will manage the
duration of the portfolio via shorter or longer tenured assets depending on the
view of the future interest rate trend of RHBIM, which is based on its continuous
fundamental research and analysis. The interest rate risk here refers to the general
interest rate risk of the country which may affect the value of investment even if
the Shariah based fund does not invest in interest bearing instruments.
Inflation Risk
Inflation reduces the purchasing power of money. Therefore in an inflationary
environment, there is a possibility that income from debt securities may not be
-160-
able to keep up with inflation. This risk can be minimised by investing in

securities that can provide positive real rate of return.
Liquidity Risk
It is generally accepted that the Malaysian debt market is less liquid than the equity
market. Thus, the Fund may not be able to liquidate their investments easily if there
are no willing buyers. As part of its risk management, RHBIM will attempt to
manage the liquidity of the Fund through asset allocation and diversification
strategies within the portfolio. RHBIM will also conduct constant fundamental
research and analysis to forecast future liquidity of its investments.
Local Shariah Funds
(a) RHB Mudharabah Fund
Stock market risk
dividend income. RHBIAM aims to reduce all these risks by using diversification
selection process.
Liquidity risk
that involve foreign securities, derivatives or securities with substantial market
and/or credit risk tend to have the greater exposure to liquidity risk. As part of its
risk management, RHBIAM will attempt to manage the liquidity of the Fund
through asset allocation and diversification strategies within the portfolio. RHBIM
will also conduct constant fundamental research and analysis to forecast future
liquidity of its investments.
Issuer risk
for the issuers goods or services. RHBIAM aims to reduce all these risks by
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using diversification that is expected to reduce the volatility as well as the risk for
the Funds portfolio.
Interest rate risk
loss/gain should the bond be sold before maturity. In the case of Shariah
compliant unit trust funds, the fluctuation in profit rates will affect the prices of
its debt securities instruments. The interest rate risk here refers to the general
The Shariah compliant debt securities indicative rate is influenced by the yield
curve of the conventional interest rates. Thus, any movement in the conventional
interest rates may be reflected in the indicative rates of Shariah compliant debt
securities as well.
However, this does not in any way suggest that the Fund will invest in fixed
income securities where conventional interest rates apply. All the investments
carried out for the Fund will be in accordance with Shariah principles. In order to
mitigate interest rates exposure of the Fund, RHBIAM will manage the duration
of the portfolio via shorter or longer tenured assets depending on the view of the
future interest rate trend of RHBIM, which is based on its continuous
fundamental research and analysis.
Credit/Default risk
issuer.
Shariah specific risk
The risk that the investments do not conform to the principle of Shariah may
result in those investments being not Shariah compliant. Although the probability
of such occurrences is minute, should the situation arise, RHBIAM will need to
take the necessary steps to dispose of such investments in accordance with the
rules of divestment of non Shariah-compliant investments. If this occurs, the
Fund could suffer losses from the disposal and thus, adversely affecting the value
of the Fund.
(b) RHB Islamic Bond Fund
Credit/Default risk
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issuer.
Issuer risk
Interest rate risk
securities as well.
Liquidity risk
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of the Fund.
(c) RHB Islamic Growth Fund
Stock market risk
dividend income. RHBIAM aims to reduce all these risks by using diversification
selection process.
Liquidity risk
Issuer risk
Interest rate risk
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securities as well.
Credit/Default risk
issuer.
of the Fund.
(d) RHB Islamic Cash Management Fund
Interest Rate Risk
Interest rate risk is crucial in this Fund since debt securities portfolio management
depends on forecasting interest rate movements. Prices of short term debt
securities move inversely with interest rates and the degree of price sensitivity to
interest rates is a function of debt securities and coupon maturity as well as the
level of interest rates. In the event of rising interest rates, prices of debt securities
will decrease and vice versa. Therefore, interest rate risk should be low for short-
term bonds, moderate for intermediate term bonds and high for long-term bonds.
Even though the Fund does not invest in interest bearing instruments, the interest
rate referred herein is to the general interest rate of the country which may affect
the value of the investment of the Fund. However, given the short term nature of
the investments, the Fund is exposed to minimal interest rate risk. The interest
rate risk here refers to the general interest rate risk of the country which may
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affect the value of investment even if the Shariah based fund does not invest in
interest bearing instruments.
Credit/Default Risk
This risk refers to the possibility that the issuer of a particular investment will not
be able to make timely or full payments of principal or income due on that
investment. In the case of the Fund, the Manager will endeavour to minimize this
risk by selecting only issuers with prescribed and acceptable credit ratings. The
minimum credit rating for rated instruments to be invested by the Fund shall be
A by Malaysia Rating Corporation Berhad or equivalent rating by any other
similar rating agencies. In the event of a credit downgrade of a particular
instrument below the minimum stipulated, the Manager will endeavour to take
the necessary steps to divest that instrument within a time frame deemed
reasonable by the Manager. However, in order to best protect the interests of the
Fund, the Manager has the discretion to take into consideration all relevant
factors that affect the value of the investment before deciding on the manner and
time frame of its liquidation.
Liquidity Risk
It is generally accepted that the Malaysian debt market is less liquid than the
equity market. Thus, the Fund may not be able to liquidate their investments
easily if there are no willing buyers. To minimise this risk, up to 10% of the Fund
will be invested in Islamic money market instruments and deposits with financial
institutions of between 365 days and 732 days in maturity. The rest of the Fund
will be invested in Islamic money market fund instruments that are less than 365
days, which is highly liquid in nature.
Inflation Risk
Inflation reduces the purchasing power of money. Therefore in an inflationary
environment, there is a possibility that income from debt securities may not be
able to keep up with inflation.
rules of divestment of non Shariah compliant investments. If this occurs, the Fund
could suffer losses from the disposal and thus, adversely affecting the value of the
Fund.
Foreign Funds
(a) RHB Dividend Valued Equity Fund

Stock market risk
They may also decline due to factors that affect a particular industry or
industries, such as labour shortages or increased production costs and
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competitive conditions within an industry. Equity securities generally have

greater price volatility than fixed income securities. The market price of
securities owned by a unit trust fund might go down or up, sometimes rapidly or
unpredictably.
Currency risk
As for unit trust funds that invest overseas, fluctuations in the denominated
currencies of the foreign shares and fixed income securities/debentures may
affect the price of the units. RHBIM could utilise two pronged approaches in
order to mitigate the currency risk. Firstly by spreading the investments across
differing currencies (i.e. diversification) and secondly by hedging the currencies
when it is deemed necessary.
Country risk
The stock prices may be affected by the political and economic conditions of the
country in which the stocks are listed. To mitigate these risks, RHBIM will select
securities that spread across countries within its portfolio in an attempt to avoid
such events. Decision on diversification will be based on its constant fundamental
research and analysis on the global markets.
Liquidity risk
risk management, RHBIM will attempt to manage the liquidity of the Fund through
asset allocation and diversification strategies within the portfolio. RHBIM will also
conduct constant fundamental research and analysis to forecast future liquidity of its
investments.
Sector risk
Securities may decline in value due to factors affecting the technology industry or
the securities markets generally. The value of a security may decline due to
general market conditions that are not specifically related to a particular
company, such as real or perceived adverse economic conditions, cyclical or
seasonal changes in the industry, technological changes within the industry,
changes in the general outlook of the industry, corporate earnings, or adverse
investors sentiment generally. RHBIM will endeavour to minimize such risks by
investing in a portfolio that diversifies the Fund's assets within that sector. This is
expected to reduce the volatility as well as the risk for the Funds portfolio.
Interest rate risk
analysis.
Credit/Default risk
-167-
issuer.
Issuer risk
Funds portfolio.
selection process.
Inflation/Purchasing power risk
Inflation can be defined as increases of price level of goods and services and is
commonly reported using the Consumer Price Index as a measure. Inflation is one
of the major risks to investors over the long term and results in uncertainty over
the future value of the investments. Inflation reduces purchasing power of money.
In an inflationary environment, fixed rate securities are exposed to higher
inflation risks than inflation-linked securities. This risk can be minimised by
investing in securities that can provide positive real rate of return.
Fund manager risk
Since the Fund is managed by another fund house, RHBIM has no control over
the respective fund house's investment technique, knowledge or management
expertise. In the event of mismanagement, the NAV of the Fund would be
affected negatively. Although the probability of such occurrences is minute,
should the situation arise RHBIM reserves the right to seek an alternative fund
manager.
Regulatory risk
Any changes in national policies and regulations may have an effect on the
capital markets in which the Fund is investing. If this occurs there is a possibility
that the unit price of the Fund may be adversely affected.
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(b) RHB Global Themes Fund

As the Fund may invest up to 100% of its NAV in the DWS Global Themes Equity
Fund, it is subject to the management risk of the management company and
investment manager of the DWS Global Themes Equity Fund. Poor management of
the DWS Global Themes Equity Fund will jeopardize the investment of the Fund in
the DWS Global Themes Equity Fund, and in turn, the Unit Holders investment
through the loss of capital invested in the Fund.
Interest rate risk
To the extent the Fund invests in the DWS Global Themes Equity Fund, it is
exposed to the risk of interest rate fluctuations if the DWS Global Themes
Equity Fund holds securities with high correlation to the interest rates. If the
markets interest rates change, the price of these securities may be deeply
affected.
General market risk
As the DWS Global Themes Equity Fund invests in equities, it is exposed to
various general trends and tendencies in the equities market which are
particularly attributable to irrational factors. Such factors may lead to a more
significant and long lasting decline in prices affecting the entire market.
Stock & issuer risk
The investment in securities by the DWS Global Themes Equity Fund is also
dependent on the issuer specific factors like the issuers management, activities,
business situation and performance. If the issuer-specific factors deteriorate, the
price of the specific security may drop significantly and permanently, possibly
even regardless of an otherwise generally positive stock market trend. Other
risks to issuer include but are not limited to competitive operating environments
and changing industry conditions.
Currency risk
While the DWS Global Themes Equity Fund is denominated in SGD, it may be
invested in whole or in part in securities quoted in other currencies and thus
subject to fluctuations in currency exchange rates and in certain cases, exchange
control regulations. The performance of the DWS Global Themes Equity Fund
will therefore be affected by movements in the exchange rate between the
currencies in which its assets are held and its base currency (if foreign currency
positions have not been hedged). In addition, as the Fund is denominated in
Ringgit Malaysia, whereas the DWS Global Themes Equity Fund is
denominated in SGD, the performance of Units in the Fund will be affected by
movements in the exchange rate between Ringgit Malaysia and SGD. Changes
in rates of exchange between currencies may cause the value of the Funds
investment in DWS Global Themes Equity Fund to diminish or increase which in
turn will affect the value of the Unit Holders investments.
Country & foreign investment risk
The investments by the DWS Global Themes Equity Fund in foreign markets
may be subject to the changes in the countrys economic fundamentals, social
and political stability, currency movements and foreign investment policies.
These factors may have an impact on the prices of the securities that the DWS
Global Themes Equity Fund invests in. There may also be the possibility of
changes in government policies in some of these markets that may affect the
ability to repatriate capital income and proceeds.
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Liquidity risk
The DWS Global Themes Equity Fund may invest in securities which are less
liquid, and affect its ability to acquire or dispose of these securities at the desired
price and time.
Tax risk
The DWS Global Themes Equity Fund may be subject to tax exposures on their
underlying investments. Any such tax exposure will be borne by the DWS Gloal
Themes Equity Fund and may in turn, impact the value of that Fund.
Credit risk
Credit ratings of instruments investment into by the DWS Global Themes
Equity Fund represent the rating agencies opinion regarding the instruments
credit quality and are not a guarantee of quality. Rating agencies rating
methodology relies on historical data, which may not be predictive of future
trends.
Fund manager risk
Since the Fund invests into a fund managed by another fund house, RHBIM has
no control over the respective fund houses investment technique, knowledge or
management expertise. In the event of mismanagement, the NAV of the Fund
which invests into the Target Fund would be affected negatively. Although the
probability of such occurrences is minute, should the situation arise RHBIM
reserves the right to seek an alternative fund manager and/or other collective
investment scheme that is consistent with the objective of the Fund.
Regulatory risk
capital markets in which the Target Fund is investing. If this occurs there is a
possibility that the unit price of the Fund may be adversely affected.
(c) RHB Asian Total Return Fund
As the Fund may invest up to 100% of its NAV in the SISF Asian Bond Absolute
Return, it is subject to the management risk of the management company and
investment manager of the SISF Asian Bond Absolute Return. Poor management of
the SISF Asian Bond Absolute Return will jeopardize the investment of the Fund in
the SISF Asian Bond Absolute Return and in turn, the Unit Holders investment
through the loss of capital invested in the Fund.
Interest rate risk
To the extent the Fund invests in the SISF Asian Bond Absolute Return it is
exposed to the risk of interest rate fluctuations if the SISF Asian Bond Absolute
Return holds securities with high correlation to the interest rates. If the markets
interest rates change, the price of these securities may be deeply affected.
Stock & issuer risk
The investment in securities by the SISF Asian Bond Absolute Return is also
dependent on the issuer-specific factors like the issuers management, activities,
business situation and performance. If the issuer-specific factors deteriorate, the
price of the specific security may drop significantly and permanently, possibly
even regardless of an otherwise generally positive stock market trend. Other risks
to issuer include but are not limited to competitive operating environments and
changing industry conditions.
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Currency risk
While the SISF Asian Bond Absolute Return is denominated in USD, it may be
invested in whole or in part in securities quoted in other currencies and thus
subject to fluctuations in currency exchange rates and in certain cases, exchange
control regulations. The performance of the SISF Asian Bond Absolute Return
will therefore be affected by movements in the exchange rate between the
currencies in which its assets are held and its base currency (if foreign currency
positions have not been hedged). In addition, as the Fund is denominated in
Ringgit Malaysia, whereas the SISF Asian Bond Absolute Return is denominated
in USD, the performance of Units in the Fund will be affected by movements in
the exchange rate between Ringgit Malaysia and USD. Changes in rates of
exchange between currencies may cause the value of the Funds investment in SISF
Asian Bond Absolute Return to diminish or increase which in turn will affect the
value of the Unit Holders investments.
Country & foreign investment risk
The investments by the SISF Asian Bond Absolute Return in foreign markets
may be subject to the changes in the countrys economic fundamentals, social and
political stability, currency movements and foreign investment policies. These
factors may have an impact on the prices of the securities that the SISF Asian
Bond Absolute Return invests in. There may also be the possibility of changes in
government policies in some of these markets that may affect the ability to
repatriate capital income and proceeds.
Smaller capitalisation companies
The investments by the SISF Asian Bond Absolute Return in securities of smaller
companies may fluctuate and especially during periods when markets are falling,
become less liquid and experience short-term price volatility and wide spreads
between dealing prices.
Emerging and less developed markets risks
The SISF Asian Bond Absolute Return may invest in emerging and less
developed markets. The risks present in investing in emerging and less developed
markets instruments may include the following:
- Political and economic instability;
- Accounting practices may not accord with international standards;
- Shareholders are not adequately protected;
- Lack of liquidity, efficiency and regulatory and supervisory controls in the
securities market;
- Tax law and practice is not clearly established.
Liquidity risk
The SISF Asian Bond Absolute Return may invest in securities which are less
liquid, and affect its ability to acquire or dispose of these securities at the desired
price and time.
Credit rating risk
Credit ratings of instruments investment into by the SISF Asian Bond Absolute
Return represent the rating agencies opinion regarding the instruments credit
quality and are not a guarantee of quality. Rating agencies rating methodology
relies on historical data, which may not be predictive of future trends.
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Regulatory risk
capital markets in which the SISF Asian Bond Absolute Return is investing. If
this occurs there is a possibility that the unit price of the Fund may be adversely
affected. Also to note that the SISF Asian Bond Absolute Return is domiciled in
Luxembourg and all the regulatory protections provided by the local authorities
may not apply to the Fund.
Market risk
The value of the securities in which SISF Asian Bond Absolute Return invests,
may go up or down in response to the prospects of individual companies and/or
prevailing economic conditions. Movement of overseas markets may also have an
impact on the local markets.
Counterparty risk
The risk that an issuer of a security, or a bank or financial institution that has
entered into a repurchase agreement, may default on its repayment obligations.
Default risk
The issue of fixed income securities held by SISF Asian Bond Absolute Return
may default on its obligation to pay interest and repay principal. If this occurs,
there is a possibility that the unit price of the Fund may be adversely affected.
Suspension of share dealings risk
The Fund invests in SISF Asian Bond Absolute Return which allows for
circumstances to suspend the right to redeem or switch.
Issuer downgrade risk
The investments in securities by the SISF Asian Bond Absolute Return may be
subject to the risk that the ratings agencies reduces its credit rating on an issuer,
signalling its belief that the credit quality of an issuer has deteriorated because of
a deterioration in its financial condition. Credit rating agencies announce reviews
of issuer at times when the financial health of the issuer is changing, which may
be an upgrade or downgrade. A negative rating will decrease the price of all
securities by that issuer.
Fund manager risk
(d) RHB Global Fortune Fund
As the Fund may invest up to 100% of its NAV in the Allianz Global Investors
Premier Funds-RCM Global High Payout Fund (Underlying Fund), it is subject to
the management risk of the management company and investment manager of the
Underlying Fund. Poor management of the Underlying Fund will jeopardize the
investment of the Fund in the Underlying Fund, and in turn, the Unit Holders
investment through the loss of capital invested in the Fund.
-172-
Interest rate risk

To the extent the Fund invests in the Underlying Fund, it is exposed to the risk of
interest rate changes. If the markets interest rates change, the price of these
securities may be deeply affected and this applies to a greater degree if the
Underlying Fund holds securities with high correlation to the interest rates.
General market risk
As the Underlying Fund invests in equities, it is exposed to various general trends
and tendencies in the equities market which are particularly attributable to
irrational factors. Such factors may lead to a more significant and long lasting
decline in prices affecting the entire market.
Stock & issuer risk
The performance of equities and money market instruments held by the
Underlying Fund is also dependent on company specific factors like the issuers
business situation. If the company-specific factors deteriorate, the price of the
specific security may drop significantly and permanently, possibly even
regardless of an otherwise generally positive stock market trend. Risks include
but are not limited to competitive operating environments, changing industry
conditions and poor management.
Currency risk
While the Underlying Fund is denominated in SGD, it may be invested in whole
or in part in securities quoted in other currencies. The performance of the
Underlying Fund will therefore be affected by movements in the exchange rate
between the currencies in which its assets are held and its base currency (if
foreign currency positions have not been hedged). In addition, as the Fund is
denominated in Ringgit Malaysia, whereas the Underlying Fund is denominated
in SGD, the performance of Units in the Fund will be affected by movements in
the exchange rate between Ringgit Malaysia and SGD. Changes in rates of
exchange between currencies may cause the value of the Funds investment in the
Underlying Fund to diminish or increase which in turn will affect the value of the
Unit Holders investments.
Country & transfer risk
The investments by the Underlying Fund in foreign markets may be subject to the
changes in the countrys economic fundamentals, social and political stability,
currency movements and foreign investment policies. These factors may have an
impact on the prices of the securities that the Underlying Fund invests in.
Currency or transfer limitations or other legal changes may be of significance in
this regard.
Fund manager risk
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Regulatory risk
capital markets in which the Target Fund is investing. If this occurs there is a
(e) RHB Global Multi Manager Fund
Since a large portion of the Funds NAV is invested in the Target Funds, investment
into the Fund assumes the risks inherent in the respective Target Funds.
The specific risks to investors when investing in the Fund include the following:
Market risk
Market risk is the risk of negative movements that affect the price of all assets in
a particular capital market. The factors influencing the performance of the
markets include: -

1) Economic and financial market conditions
2) Political Change
3) Broad investor sentiment
4) Movements in interest rate and inflation
Stock values fluctuate in response to the activities of individual companies and
general market or economic conditions. Such movements in the underlying
values of the shares of the investment portfolio will cause the NAV or prices of
units to fall as well as rise, and income produced by the Target Funds may also
fluctuate. By investing in Target Funds which invest in markets that are not
highly correlated, the market risk of the Fund could be reduced. In addition,
active asset allocation management will be employed to reduce the market risk.
Country risk
If a fund invests in foreign markets, the foreign investments portion of the fund
may be affected by risks specific to the country that it invests in. Such risks
include changes in the countrys economic fundamentals, social and political
stability, currency movements and foreign investments policies. These factors
may have impact on the prices of the securities that the Target Funds invested in
and depress its net asset value growth. To mitigate these risks the Manager will
select Target Funds that spread across countries in an attempt to avoid such
events.
Currency risk
This risk is associated with investments that are quoted in foreign currency
denomination. When an underlying fund is denominated in a foreign currency
which fluctuates unfavourably against the Ringgit, the investment in the Fund
may face currency loss in addition to the capital gains/losses. This will lead to a
lower NAV of the Fund. Currency risks could be mitigated on a two-pronged
approach. Firstly by spreading the investable assets across differing currencies
and secondly by utilising forward contracts to hedge the currencies if it is deemed
as necessary to do so.
Interest rate risk
Interest rate risk is generally the most important risk presented by bond funds.
Most bonds change in market value to reflect interest rate changes. As interest
rates rise, the price of a bond typically falls, which causes the NAV of the

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underlying bond fund to fall and vice versa. Interest rate risk is higher for bonds
with longer maturities/duration and lower coupon rates. The Manager will
manage this risk by changing the Target Funds of different duration based on
interest rate expectation/outlook.

Credit/Default risk
Bond issuers may default or reschedule their repayment. When this occurs the
value of the defaulted bond would fall and cause the NAV of the underlying fund
to decline in a similar proportion. This risk can be mitigated by careful selection
of bond funds and in any case this Fund only invests in bond funds that invest in
investment grade bonds.

Stock & issuer risk
The performance of equities and money market instruments held by the
underlying funds are also dependent on company specific factors like the issuers
business situation. If the company-specific factors deteriorate, the price of the
specific security may drop significantly and permanently, possibly even
regardless of an otherwise generally positive stock market trend. Risks include
but are not limited to competitive operating environments, changing industry
conditions and poor management.

Fund manager risk
Since the Fund invests into funds managed by other fund houses, the Manager
has no control over the respective fund houses investment technique, knowledge
or management expertise. In the event of mismanagement, the NAV of the Fund
which invests into the Target Funds would be affected negatively. Although the
probability of such occurrences is minute, should the situation arise the Manager

Regulatory risk
capital markets in which the Target Funds are investing. If this occurs there is a

9.3 Risk Management Strategies

The Manager adopts the following forms of risk management strategies to mitigate the
risks inherent in the respective Funds:-

limits;
Reporting investment matters to the Investment Committee of the Fund;
Duration management of the fixed income portfolio;
In-depth study of issuer (credit/bond structure/security);
Hedging against currency risks at point of transaction especially for transactions
involving fixed income securities; and
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Hedging against credit/default risks by limiting the purchase of bonds to either

bank guaranteed bonds or approved investment grade bonds rated by RAM or any
other approved rating agencies.
For Shariah Funds, RHBIAM adopts the following forms of risk management
strategies:-
limits;
Duration management of the sukuk portfolio;
In-depth study of issuer (credit/sukuk/security);
Hedging against credit/default risks by limiting the purchase of sukuks to either
bank guaranteed sukuks or approved investment grade sukuks rated by RAM or
any other approved rating agencies.
It is important to note that events affecting the investments cannot always be foreseen.
Therefore, it is not always possible to protect your investment against all risks. The various
asset classes generally exhibit different levels of risk.
The investment of each of the Funds carries risk and we recommend that you read the whole
Prospectus to assess the risks of the Funds.
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10. THE MANAGEMENT AND ADMINISTRATION OF THE FUNDS

10.1 CORPORATE PROFILE OF RHB INVESTMENT MANAGEMENT SDN
BHD
The Manager, RHB Investment Management Sdn Bhd, is a wholly-owned subsidiary
of RHB Investment Bank Berhad. The Manager is a holder of a Capital Markets
Services License issued under the Capital Markets and Services Act 2007. The
Manager has been in operation since 1989. Its latest audited shareholders fund as at
31 December 2010 was RM30,273,583.08. As at 31 December 2010, RHBIM has an
authorised capital of RM10 million and issued and paid up capital of RM10 million.
As at 30 April 2011, it was supported by 109 employees made up of 90 executives
and 19 non-executives; and manages in excess of RM13.34 billion of funds. It is well
supported in terms of research and economic and market analysis by RHB Research
Institute Sdn Bhd, a recognised research house in Malaysia.
As at 30 April 2011, RHBIM currently has 27 unit trust funds, namely:
RHBIMFunds Date Launched
RHB DYNAMIC FUND 15 September 1992
RHB CAPITAL FUND 12 April 1995
RHB MUDHARABAH FUND 9 May 1996
RHB BOND FUND 10 October 1997
RHB MALAYSIA DIVA FUND 3 May 1999
RHB ISLAMIC BOND FUND 25 August 2000
RHB INCOME FUND 18 April 2001
RHB ISLAMIC GROWTH FUND 26 January 2004
RHB GOLDENLIFE FUNDS, which consists of three
sub-funds:
(a) RHB GoldenLife Today;
(b)RHB GoldenLife 2020; and
(c) RHB GoldenLife 2030.
21 February 2005
RHB DIVIDEND VALUED EQUITY FUND 13 July 2005
RHB GLOBAL ISLAMIC PORTFOLIO SERIES 1*
(WHOLESALE FUND)
28 June 2006
RHB GLOBAL FORTUNE FUND 8 August 2006
RHB GLOBAL THEMES FUND 5 January 2007
RHB ASIAN TOTAL RETURN FUND 26 February 2007
RHB GLOBAL MULTI MANAGER FUND 23 August 2007
RHB CASH MANAGEMENT FUND 23 August 2007
RHB COMMODITIES CAPITAL PROTECTED
FUND*
30 April 2008
RHB ISLAMIC CASH MANAGEMENT FUND 30 June 2008
RHB CHINA AVERAGING CAPITAL PROTECTED
FUND*
2 March 2009
RHB ISLAMIC INCOME PLUS FUND 1
(WHOLESALE FUND)
3 September 2009
RHB INCOME PLUS FUND 1
(WHOLESALE FUND)
27 January 2010
RHB ASIA PACIFIC MAQASID FUND 23 February 2010
(WHOLESALE FUND)
2 August 2010
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RHBIMFunds Date Launched

(WHOLESALE FUND)
27 October 2010
(WHOLESALE FUND)
2 November 2010
RHB-GS BRIC EQUITY FUND 11 January 2011
RHB DYNAMIC OIL-GOLD CAPITAL
PROTECTED FUND*
11 March 2011
Note* :-
RHB Global Islamic Portfolio Series I, RHB Commodities Capital Protected Fund,
RHB China Averaging Capital Protected Fund and RHB Dynamic Oil-Gold Capital
Protected Fund are close-ended funds. No units were sold after their respective offer
period. References to these funds are for information purpose only.
RHBIM is responsible for the day-to-day administration of its in house unit trust
funds in accordance with the provisions of the relevant deeds constituting such
RHBIM unit trust funds. The main responsibilities of RHBIM include:
Establishment of new unit trust schemes;
Selecting and managing investments of the Funds;
Executing, supervising and valuing investments of the Funds;
Arrangement of sale and repurchase of units;
Keeping of proper records of the Funds;
Issuing of the Funds half-yearly/yearly reports to Unit Holders;
Distribution of income to Unit Holders (if any); and
Marketing of the units of the Funds to potential investors.
RHBIM is a member of the Federation of Investment Managers Malaysia (FIMM)
(formerly known as Federation Of Malaysian Unit Trust Managers). It maintains a
tied sales agency force which is duly registered with FIMM which markets and
distributes its proprietary unit trust funds to prospective investors. It also has an IUTA
arrangement with RHB Bank Berhad and RHB Islamic Bank Berhad and/or such
other approved distributors as may be appointed by RHBIM from time to time.
10.2 FINANCIAL HIGHLIGHTS
The following is a summary of the past performance of RHBIM based on the audited
accounts for the past three financial years:-
Financial Year
Ended
31.12.2008
RM000
Financial Year
Ended
31.12.2009
RM000
Financial Year
Ended
31.12.2010
RM000
Paid-up Capital 10,000 10,000 10,000
Shareholders Fund 26,337 26,419 30,274
Revenue 26,327 20,910 27,326
Pre-tax Profit 137 633 4,635
Profit After Tax 188 82 3,854
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10.3 PROFILE OF THE BOARD OF DIRECTORS AND MANAGING DIRECTOR

The Board of Directors of RHBIM takes an active part in the affairs of the Manager
and the unit trust funds under its management. The Board of Directors meets at least
once every 2 months to receive recommendations and reports on investment activities
from the Investment Committee, set policies and guidelines of the Manager and to
review performance, financial and audit reports of the Manager. Additional meetings
shall also be convened, should the need arises.
The Board of Directors comprises:-
PATRICK CHIN YOKE CHUNG
(Independent Non-Executive Chairman)
Mr Patrick Chin Yoke Chung (Mr Patrick Chin) was appointed as the Chairman of
RHBIM on 1 March 2011. Previously, he was appointed as a Director of RHBIM on
10 August 2009. Mr Patrick Chin was a Chairman of Schroders Malaysia Sdn Bhd
and Chief Representative/Country Head of Bankers Trust Company, Kuala Lumpur
from 1995 to 1999. From 1994 to 1995, he was the Chief Representative of Morgan
Grenfell responsible for co-ordinating the companys activities and business interests
in Malaysia. He was also an Executive Director of Morgan Grenfell Asia-Kenanga
Sdn Bhd and Head of Corporate Finance in Kuala Lumpur. From 1973 to 1993, he
was with Asian International Merchant Bankers Berhad as Deputy Chief Executive
Officer and Head of Corporate Finance.
Mr Patrick Chin is a Fellow Member of the Institute of Chartered Accountants in
England and Wales. He also attended the Management Development Program at
Harvard Business School.
Mr Patrick Chins other directorships in public companies include RHB Investment
Bank Berhad, Muda Holdings Berhad and Leader Universal Holdings Berhad.
TUAN HAJI KHAIRUDDIN AHMAD
(Senior Independent Non-Executive Director)
Tuan Haji Khairuddin Ahmad (Tuan Haji Khairuddin) was appointed as a Director
of RHBIM on 1 January 2008. He began his career in the banking industry and was
previously with Citibank N.A., Southern Bank Berhad, Bank of Commerce Berhad
and Arab Malaysian Finance Berhad.
Tuan Haji Khairuddin attended the Advance Management Course at Columbia
Business School in New York, USA.
Tuan Haji Khairuddins other directorships in public companies include RHB Bank
Berhad and RHB Insurance Berhad (Chairman).
DATO MOHAMED KHADAR MERICAN
Dato Mohamed Khadar Merican (Dato Khadar) was re-designated as a Director
of RHBIM on 1 March 2011. Prior to that, he was appointed as the Chairman of
RHBIM on 1 January 2008. Dato Khadar has had more than 25 years experience in
financial and general management. He served as an auditor and a consultant in an
international accounting firm, before joining a financial services group in 1986. Dato
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Khadar has held various senior management positions in Pernas International

Holdings Berhad (now known as Tradewinds Corporation Berhad) between 1988 and
2003, including those of President and Chief Operating Officer.
Dato Khadar is a Member of the Institute of Chartered Accountants in England and
Wales and is also a Member of the Malaysian Institute of Accountants.
Dato Khadars other directorships in public companies include RHB Capital Berhad
(Chairman), RHB Investment Bank Berhad (Chairman), Rashid Hussain Berhad (In
Members Voluntary Liquidation), Astro All Asia Networks Plc and AirAsia Berhad.
DATO OTHMAN JUSOH
Dato Othman Jusoh (Dato Othman) was appointed as a Director of RHBIM on 1
January 2008. He has held various senior positions in the Ministry of Finance until
his retirement in June 2004. He has also served as the Group Chief Executive of
Malaysian Kuwaiti Investment Co. Sdn Bhd from 1995 to 1998 and as the Executive
Director of Asian Development Bank from August 2000 to July 2003. He was also
the Chief Executive Officer of Perbadanan Tabung Pendidikan Tinggi Nasional from
August 2004 to August 2006. He is currently the Chairman of TH Technologies Sdn
Bhd, since 1 June 2005. Dato Othman holds a Bachelor of Economics (Honours) in
Analytical Economics from the University of Malaya and a Masters in Business
Administration from the University of Oregon, USA.
Dato Othmans other directorships in public companies include RHB Insurance
Berhad and Asia Media Growth Berhad.
RENZO CHRISTOPHER VIEGAS
(Non Independent Non-Executive Director)
Mr Renzo Christopher Viegas (Mr Renzo Viegas) was appointed as a Director of
RHBIM on 11 May 2010. He graduated with a Bachelor of Commerce from the
University of Bombay, India and is a Fellow of the Institute of Chartered Accountants
of India. He also completed an Advanced Management programme in Strategic
Marketing Planning at the University of Michigan, Ann Arbor, United States of
America.
Prior to joining the RHB Banking Group, Mr Renzo Viegas headed various aspects of
banking operations in India, Singapore, Malaysia and the United States of America
with Citibank N.A. for over a 23-year period. He was the Consumer Finance and
Unsecured Business Head for the Asia Pacific region with Citibank N.A. before he
joined Citibank Malaysia where he served as the Chief Operating Officer and Chief
Financial Officer.
Mr Renzo Viegas joined the RHB Banking Group on 10 March 2008 as the Group's
Head of Retail Banking. Pursuant to a recent internal re-organisation, Mr Renzo
Viegas has been appointed as Principal Officer of RHB Bank Berhad.
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SHARIFATUL HANIZAH SAID ALI

(Non Independent Director/Managing Director)
Puan Sharifatul Hanizah Said Ali (Puan Sharifatul) joined RHBIM in December
2006 as its Chief Executive Officer. She was appointed as the Managing Director of
RHBIM on 7 February 2007 upon obtaining approval from the Securities
Commission.
Puan Sharifatul has 21 years of experience in the financial services industry. She
began her career in the capital markets industry in 1988 with a bank backed broking
house prior to joining Permodalan Nasional Berhad (PNB) in 1991. Puan Sharifatul
was formerly the Vice President at Pengurusan Pelaburan ASN Bhd, a wholly owned
subsidiary of PNB. She has extensive and diverse experience encompassing the field
of investment analysis, portfolio management and equity trading. She is currently a
holder of the Capital Markets Services Representative Licence for fund management
as well as investment advisory as well as a Fellow of the Financial Services Institute
of Australasia and a Certified Financial Planner. During her tenure in PNB, she also
served on the boards of both listed and private companies invested by PNB as a
nominee of the state investment corporation. Puan Sharifatuls other directorships
include RHB Research Institute Sdn Bhd, RHB Private Equity Management Ltd,
RHB Islamic Asset Management Sdn Bhd and RHB Unit Trust Management Berhad.
10.4 PROFILE OF THE KEY MANAGEMENT STAFF
Managing Director
Sharifatul Hanizah Said Ali (as mentioned above)
Chief Investment Officer
Azlan Hussin
Azlan Hussin (Azlan) has more than 12 years of experience in fund management.
He started his career with SBB Asset Management (SBBAM) as an Investment
Analyst and he was later promoted to Vice President of Investment managing a
portfolio ranging from unit trust, government agencies and corporate to insurance
companies.
During his tenure at SBBAM, Azlan was the fund manager responsible for the
portfolio of a major statutory body. Subsequently, he left SBBAM to join
AmanahRaya-JMF Asset Management as the General Manager for Equity Investment
where he managed portfolios worth RM1 billion ranging from trust funds, state
government funds and corporate funds. At AmanahRaya-JMF Asset Management, he
also assisted in drafting the overall investment policies and guidelines for Amanah
Raya Berhad which is wholly owned by the Ministry of Finance (Incorporated). He
graduated with BA (Hons.) in Accounting and Finance from the South Bank
University, London and later obtained his ACCA from Emile Woolf College,
London.
Head of Compliance
Mariam Veronica Abu Bakkar Seddek
Mariam Veronica graduated in Bachelor of Science in Accounting from University of
Wales Cardiff, United Kingdom in 1998. She worked as a teacher in the UK for a
year before joining the Securities Commission, Malaysia in 1999. She served the SC
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for 8.5 years where she specialised in auditing asset management companies. She
joined RHB Investment Management in 2008 as a Compliance Manager
10.5 PROFILE OF THE INVESTMENT TEAM
The investment team is jointly responsible for the overall investment decisions made
on behalf of the Fund. However, under the Guidelines, the unit trust scheme is
required to appoint a designated fund manager for the Fund. The key member(s) of
the Investment Team is/are:
Chief Investment Officer/Designated Fund Manager of the Fund
Azlan Hussin
Designated Investment Manager/Fund Manager for RHB Capital Fund, RHB
Dynamic Fund, RHB Bond Fund, RHB Income Fund, RHB Malaysia DIVA Fund,
RHB Global Islamic Portfolio Series I, RHB GoldenLife Funds, RHB Global Themes
Fund, RHB Global Fortune Fund, RHB Asian Total Return Fund, RHB Global Multi
Manager Fund, RHB Cash Management Fund, RHB Commodities Capital Protected
Fund, RHB Global Financials Capital Protected, RHB China Averaging Capital
Protected Fund, RHB Islamic Income Plus 1, RHB Income Plus Fund 1 and RHB
Asia Pacific Maqasid Fund. His profile is as aforementioned.
The Chief Investment Officer is supported by a team of experienced investment
managers/fund managers who are responsible to actively manage the funds in
accordance with the investment objectives of the funds and the provision of the
Deeds. The investment team shall have discretionary authority over the investments
of the funds subject to the rules and guidelines issued by the relevant authorities.
10.6 PROFILE OF THE INVESTMENT COMMITTEE
The Investment Committee is responsible for formulation of the Investment
Objective, the Investment Policies and the Investment Strategy for the Fund. It has
broad discretionary authority over the investments of the Fund. The Investment
Committee also oversees the activities of the fund manager which is responsible for
research, securities recommendation and asset allocation.
The Investment Committee meets every month and has the responsibility to decide
and approve the following:-
Asset allocation;
Schedule of securities for purchase and disposal;
Risk exposure, e.g. country and specific market risks; and
Schedule of income distribution to Unit Holders.
The fund manager will fine tune the asset allocation in response to periodic changes
in the prevailing market condition, particularly interest rates movements and sales
operations.
The Investment Committee comprises the following members, with specific area of
expertise and experience as indicated below:-
(Independent Chairman)
Banking and financial services.
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Dato' Othman Jusoh

(Independent Member)
Banking and financial services.
Lim Chee Sing
(Non-Independent Member)
Economics.
(Non-Independent Member)
Financial services.

Please refer to the section on Profile of the Board of Directors for information on the
qualifications and experience of some of the abovementioned Investment Committee
members. The Investment Committee members were appointed on 1 January 2008
save and except for Lim Chee Sing who was appointed on 22 April 2011. Please refer
to the profile of Lim Chee Sing as shown below.
LIM CHEE SING
Lim Chee Sing is the Head of Research and Chief Economist of RHB Research
Institute Sdn Bhd, an institute that has gained recognition as one of the best research
houses in Malaysia. Lim is responsible to produce regular reports on the Malaysian
economy, market outlook and strategies for investing in the Malaysian equity and
debt markets. He graduated with a Bachelor of Economics degree and a Master of
Business Administration degree from the University of Malaya. An economist by
training, he began his career with the Central Bank of Malaysia, where he worked
there for close to 11 years, after which he moved to the private sector and joined RHB
Research Institute as its Chief Economist. He has been in the securities industry for
about 20 years now and has assumed the Head of Research role for the Malaysian
market since July 2002.
10.7 DISCLOSURE OF MATERIAL LITIGATION AND ARBITRATION
As at 30 April 2011, there is no material litigation and arbitration, including those
pending or threatened, and any facts likely to give rise to any proceedings which
might materially and adversely affect the business/financial position of the Manager
or any of its delegates.
10.8 THE SHARIAH ADVISER
RESPONSIBILITIES OF THE SHARIAH ADVISER
The Shariah Adviser functions independently of the Manager and has responsibility
only to the Funds Unit Holders. The Shariah Adviser meets every quarterly to review
the investments of the Shariah Funds and advise the Manager on the conformance of
the investments, operations and marketing aspects of all the Funds with the Shariah
principles.
The duties and responsibilities of the Shariah Adviser is as follows:-
(a) Ensure that the Fund is managed and administered in accordance with
Shariah principles;
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(b) Consult with the Securities Commission where there is any ambiguity or
uncertainty as to an investment, instrument, system, procedure and/or
process;
(c) Provide expertise and guidance in all matters relating to Shariah principles;
(d) Act with due care, skill and diligence in carrying out its duties and
responsibilities; and
(e) Scrutinize the Funds compliance report and investment transaction reports to
ensure that the Funds investments are in line with Shariah principles.
THE SHARIAH ADVISER
RHB Islamic Bank Berhad (RHB Islamic Bank), a wholly-owned subsidiary of
RHB Bank Berhad, was incorporated on 2 February 2005 and officially commenced
its operations on 16 March 2005. RHB Banking Group was the first commercial
banking group to have a full-fledged Islamic bank in Malaysia that was transformed
from an Islamic banking window when it first commenced its operations.
RHB Islamic Bank focuses on customising innovative Shariah compliant products
and services to meet each clients requirements. Products and services are offered to
both Muslims and non-Muslims for personal banking and businesses. These include
savings and current accounts, investment accounts, treasury - trade/guarantee
products and services, capital market products and electronic payment/gateway
solutions. RHB Islamic Bank also offers customised financing solutions and capital
markets advisory services.
RHB Islamic Bank has an authorised capital of RM1.0 billion and as at 31st
December 2010, the issued and paid up capital was RM523 million. RHB Islamic
Bank has surged to the forefront of the Islamic banking business, managing over
RM13.8 billion in assets as at 30 April 2011 and is backed by the strength of the RHB
Banking Group. RHB Islamic Bank serves its clients through more than 180 RHB
Bank and RHB Islamic Bank branches and over 500 ATMs. As at 30 April 2011,
RHB Islamic Bank has a total staff strength of 662 employees.
The following is the designated person responsible for all Shariah matters for the
RHB Mudharabah Fund, RHB Islamic Bond Fund, RHB Islamic Growth Fund and
RHB Islamic Cash Management Fund:-
The following is the designated person responsible for all Shariah matters for RHB
Mudharabah Fund, RHB Islamic Bond Fund, RHB Islamic Growth Fund and RHB
Islamic Cash Management Fund:-
Professor Dr Joni Tamkin Borhan
Prof. Dr. Joni Tamkin was educated at University of Malaya where he obtained a
B.Sh (Shariah) in 1990. He also received a Masters Degree in Islamic Economics
from University of Malaya in 1994 and a PhD in Islamic Banking from Edinburgh,
Scotland in 1997.
Prof. Dr. Joni Tamkin was a member of the National Shariah Advisory Council on
Islamic Banking and Takaful (NSAC) (1999 - 2004), National Accreditation Board
(LAN), Fellow at the Religious Department at Victoria University of Wellington,
Head of Department of Shariah & Economics at University of Malaya and Head of
Department of Shariah & Management at University of Malaya. He has published
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and written numerous books, articles and journals. He also sits as a speaker for
various workshops and conferences in various fields mostly in Islamic Banking.
Prof. Dr. Joni Tamkin was appointed as Professor in 2007 and currently is a Deputy
Director of Undergraduate Degree, Academy of Islamic Studies, University of
Malaya.
11. EXTERNAL INVESTMENT MANAGER
11.1 UOB-OSK Asset Management Sdn Bhd (UOB-OSKAM)
RHBIM has appointed UOB-OSK Asset Management Sdn Bhd as its External Investment
Manager to manage RHB Dividend Valued Equity Fund. The Company is a licensed fund
manager under the CMSA. In this respect, the role and responsibilities of UOB-OSKAM
includes management of the investment portfolio in accordance with the investment objective
and subject to the CMSA and the Guidelines as well as the terms and conditions of the
Investment Management Agreement.
UOB-OSKAM is guided by an investment management policy determined by the Investment
Committee. The policy includes the Guidelines and securities laws as may be varied and
approved by the authorities. Its officers are also bound by confidentiality requirements under
its policy and code of ethics to deal with any conflict of interest situation.
UOB-OSKAMs appointment as the External Investment Manager is derived from the
delegation of powers given to RHBIM by the Deeds. UOB-OSKAM shall not hold office as a
member of the Investment Committee.
RHBIM delegated its power to manage RHB Dividend Valued Equity Fund to UOB-OSKAM
pursuant to a mandate between them, as may be varied from time to time. In conformity with
the mandate, UOB-OSKAM will be paid its management fee by RHBIM from its Annual
Management Fee remuneration.
UOB-OSKAM is one of the foreign fund management companies in Malaysia which offers
investment management expertise to unit trust funds as well as institutions, corporations and
individuals through customized portfolio management services.
Established in June 1991, UOB-OSKAM is a 70% subsidiary of UOB Asset Management
Ltd, which is one of the largest fund managers in Singapore in terms of assets under
management. The 30% joint venture partner of UOB-OSKAM is OSK Investment Bank Bhd,
a regional investment banking group which offers a wide range of financial products and
services for corporate and retail clients in areas such as Corporate Finance, Mergers and
Acquisitions, Venture Capital, Derivatives, Equities, Bonds and Wealth Management.
UOB-OSKAM commenced operations in Kuala Lumpur in March 1997 and it has the support
and resource backing of an experienced team of investment professionals at its holding
company, who have specialized skills in portfolio investments in both the Asian and global
markets. The funds under management as at 30 April 2011 are in excess of RM1.73 billion.
The Company has been in the industry for over 14 years, and its investment team personnel
have an average of 10 years experience in the industry covering various aspects of fund
management. As at 30 April 2011, the Company has total staff strength of 20.
The following is the designated External Investment Manager/Fund Manager for RHB
Dividend Valued Equity Fund:-
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Chief Executive Officer

Lim Suet Ling
She is the Chief Executive Officer of UOB-OSKAM. Prior to her appointment, she was an
Associate Director of UOB Asset Management Ltd. She holds a Bachelor of Business
Administration (Hons) degree and is also a Chartered Financial Analyst. Her current license
was renewed on 15 November 2010 and remains valid until 20 December 2012. She has more
than 20 years of experience in the industry and has had numerous equity portfolios under her
management. Her mandates have been wide-ranging, covering both local and international
ones, as well as varying in investment style and focus. She has particular expertise in
Malaysian and Asia ex-Japan equities and has been the portfolio manager of several award-
winning funds both in Singapore and Malaysia.
11.2 RHB Islamic Asset Management Sdn Bhd (RHBIAM)
RHB Investment Management Sdn Bhd (RHBIM) has appointed RHB Islamic Asset
Management Sdn Bhd (RHBIAM) as its External Investment Manager to manage RHB
Mudharabah Fund, RHB Islamic Bond Fund, RHB Islamic Growth Fund and RHB Islamic
Cash Management Fund. RHBIAM is a holder of a Capital Markets Services License in fund
management issued under the CMSA 2007. The role and responsibilities of RHBIAM
includes management of the investment portfolio in accordance with the investment objective
and subject to the CMSA and the Guidelines as well as the terms and conditions of the
Investment Management Agreement.
RHBIAM is a wholly-owned subsidiary of RHBIM, which in turn was a wholly owned
subsidiary of RHB Investment Bank Berhad. The company was incorporated on 11 October
2010 with an authorised capital of RM5.0 million and paid-up capital of RM4.0 million. The
asset under management as at 15 June 2011 is RM136.27 million.
RHBIM delegated its power to manage the four Islamic Funds as mentioned above to
RHBIAM pursuant to a mandate between them, as may be varied from time to time. In
conformity with the mandate, RHBIAM will be paid its management fee by RHBIM from its
Annual Management Fee remuneration.
The following is the designated External Investment Manager for RHB Mudharabah Fund,
RHB Islamic Bond Fund, RHB Islamic Growth Fund and RHB Islamic Cash Management
Fund:-
Chief Investment Officer
Norlia Binti Mohd Ali
Puan Norlia obtained her Bachelor of Science in Business Administration from West Virginia
University, majoring in Finance, in 1989.

Prior to joining RHB Islamic Asset Management Sdn Bhd, Puan Norlia was the General
Manager for RHB Investment Management Sdn Bhd since 2007. Her main responsibilities
were managing Shariah-compliant unit trust funds as well as Shariah and ethical mandates for
private institutional clients. She was with Philip Capital Sdn Bhd from 2005 to 2007, where
she served as the Vice President in Investment. Puan Norlia was also the Vice President in
Investment of Tahan Insurance Bhd in 2003. She worked as a Business Support Analyst for
IBM World Trade Corporation before she joined Mayban Investment Management Sdn Bhd
as a Senior Fund Manager from 2000 to 2003, and Mayban Securities Sdn Bhd as an Equity
Analyst from 1994 to 1999. She is currently a holder of the Capital Markets Services
Representatives Licence for fund management.
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12. THE TRUSTEES OF THE FUNDS

12.1 Profile Of CIMB Trustee Berhad
(a) General Information
CIMB Trustee was incorporated on 19 January 1988 and registered as a trust
company under the Trust Companies Act, 1949 and having its registered office at 5th
Floor, Bangunan CIMB, Jalan Semantan, Damansara Heights, 50490 Kuala Lumpur,
Malaysia. The Trustee is qualified to act as a trustee for collective investment
schemes approved under the Capital Markets and Services Act 2007. CIMB Trustee
has a paid up share capital of RM500,000 comprising 100,000 ordinary shares of
RM5.00 each.
Shareholders %
CIMB Bank Berhad 20
S.B. Venture Capital Corporation Sdn Bhd 20
S.B. Properties Sdn Bhd 20
CIMB Holdings Sdn Bhd 20
CIMB Berhad 20
Total 100
(b) Financial Highlights
The following is a summary of the past performance of CIMB Trustee Berhad based
on audited accounts for the past three financial years ended 31 December:-
(c) Experience In Trustee Business
CIMB Trustee Berhad acts as trustee to, nineteen (19) unit trust funds, three (3) real
estate investment trust funds and eleven (11) wholesale funds.
In addition to overseeing these funds, CIMB Trustee Berhad also acts as trustee to
private debt securities issues such as bonds and notes. Other than being the
administrator of deceaseds estates, executor of wills, trustee for minors or
incapacitated persons, CIMB Trustee Berhad also acts as trustee for public,
charitable, staff retirement, and pension/ gratuity fund scheme, custodian trustee for
associations, clubs and others.
CIMB Trustee Berhad is supported by 20 staffs, constituting 15 executives and 5 non-
executives as at 30 April 2011.
2010 2009
2008
RM000 RM000
RM000
Paid-Up Capital
500 500
500
Shareholders
Fund
4,631 4,406 4,881
Turnover
5,644 4,970
4,552
Pretax Profit
1,836 1,918 1,651
Profit After Tax
1,357 1,400 1,234
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(d) Board Of Directors and Chief Operating Officer

The following table sets out information regarding the board of directors of CIMB
Trustee Berhad:-
Name Position / Directorship
Zahardin Omardin Independent Director & Chairman
Loh Shai Weng Non-Independent Director
Kok Kong Chin
Liew Pik Yoong
Non-Independent Director
Alternate Director to Kok Kong Chin
Khoo Leng Kee Chief Operating Officer
(e) Trustees Declaration
CIMB Trustee Berhad is independent of the Manager. CIMB Trustee Berhad will
carry out transactions on an arms length basis and on terms which are best available
for the Funds, as well as act at all times in the best interest of the Unit Holders. CIMB
Trustee Berhad also has adequate procedures and processes in place to prevent or
control conflicts of interest.
(f) Delegates
CIMB Trustee Berhad has appointed CIMB Group Nominees (Tempatan) Sdn Bhd as
the Trustees delegate to perform custodial function. CIMB Group Nominees
(Tempatan) Sdn Bhd is a wholly owned subsidiary of CIMB Bank Berhad. Its
custodial function includes safekeeping, settlement and corporate action related
processing and cash and security reporting,
All investments are automatically registered in the name of the Fund. CIMB Group
Nominees (Tempatan) Sdn Bhd acts only in accordance with instructions from the
Trustee.
(g) Material Litigation And Arbitration
As at 30 April 2011, CIMB Trustee Berhad is not engaged in any material litigation
and arbitration, including those pending or threatened, and any facts likely to give rise
to any proceedings which might materially affect the business/financial position of the
Trustee or any of its delegates.
12.2 Profile Of HSBC (Malaysia) Trustee Berhad
HSBC (Malaysia) Trustee Berhad (Company No. 1281-T), a company incorporated in
Malaysia since 1937 and registered as a trust company under the Trust Companies
Act 1949, with its registered address at Suite 901, 9
th
Floor, Wisma Hamzah-Kwong
Hing, No.1 Lebuh Ampang, 50100 Kuala Lumpur. HSBC (Malaysia) Trustee Berhad
is a member of the HSBC Holdings Plc. group of companies and forms part of the
global network of trust companies within HSBC Holdings Plc.
HSBC (Malaysia) Trustee Berhad has a paid-up capital of RM500,000.00. As at 31
December 2010, its shareholders funds totalled RM23.33 million and it achieved a
profit before tax of RM11.25 million.
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The following is a summary of the past performance of HSBC (Malaysia) Trustee

Berhad based on audited accounts for the last 3 years:
Year Ended 31 December
2008
(RM)
2009
(RM)
2010
(RM)
Paid-up Share Capital 500,000 500,000 500,000
Shareholders Funds 14,353,116 17,521,023 23,330,550
Turnover 17,843,570 18,006,590 20,989,037
Profit before Tax 10,470,535 10,930,880 11,253,763
Profit after Tax 7,754,577 8,200,407 8,314,528
Since 1993, HSBC (Malaysia) Trustee Berhad has acquired experience in the
administration of unit trusts and as at 30 April 2011 is the trustee for 174 unit trust
funds (including Exchange Traded Funds and Wholesale Funds).
As at 30 April 2011, HSBC (Malaysia) Trustee Berhad has a workforce of 55
employees consisting of 40 executives and 15 non-executives. A good number of the
staff has been with HSBC (Malaysia) Trustee Berhad for many years. This element of
continuity reflects an intrinsic characteristic of trust services. HSBC (Malaysia)
Trustee Berhad also believes in building team and talents by recruiting new members
with relevant experiences to replace the long serving retired colleagues.
Each clients account is under the supervision of a trust officer who is able to focus
his personal attention on the administration of the account and reports directly to his
manager.
HSBC (Malaysia) Trustee Berhad also has a Compliance Section whose
responsibilities is to ensure that HSBC (Malaysia) Trustee Berhads business is
carried on in accordance with all relevant laws, codes, rules and standards of good
market practice.
(d) Board of Directors and Managing Director
Board Of Directors Managing Director
Mr Jonathan William Addis Ms Lim Liang Hua
Ms Lim Liang Hua
Dato Ranita Mohd Hussein
Ms Zainon Baba
Mr Alastair E Murray
Ms On Bee Heong
Ms Hew Su Chan (Alternate to Ms On Bee Heong)
HSBC (Malaysia) Trustee Berhad is independent of the Manager. HSBC (Malaysia)
Trustee Berhads board of directors declare that the requirements of the guidelines on
allowing a person to be appointed or to act as trustee under subsection 290(1) of the
CMSA have been complied with at the appointment of application.
(f) Delegates
HSBC (Malaysia) Trustee Berhad has appointed The Hongkong And Shanghai
Banking Corporation Ltd as custodian oI the quoted and unquoted local investments
oI the Fund. The assets oI the Fund are held through their nominee company, HSBC
Nominees (Tempatan) Sdn Bhd. II and when the Fund should invest overseas, HSBC
Institutional Trust Services (Asia) Limited will be appointed as the custodian oI the
Ioreign assets oI the Fund. Both The Hongkong And Shanghai Banking Corporation
Ltd and HSBC Institutional Trust Services (Asia) Limited are wholly owned
subsidiaries oI HSBC Holdings Plc, the holding company oI the HSBC Group. The
custodian`s comprehensive custody and clearing services cover traditional settlement
processing and saIekeeping as well as corporate related services including cash and
security reporting, income collection and corporate events processing. All
investments are automatically registered into the name oI the Fund. The custodian
acts only in accordance with instructions Irom HSBC (Malaysia) Trustee Berhad.
HSBC (Malaysia) Trustee Berhad shall be responsible Ior the acts and omissions oI
its delegate as though they were its owns acts or omissions.
However, HSBC (Malaysia) Trustee Berhad is not liable Ior the acts, omissions or
Iailure oI third party depository such as central securities depositories, clearing and/or
settlement systems and/or authorised depository institutions, where the law or
regulation oI the relevant jurisdiction requires it to deal through such third parties.
HSBC (Malaysia) Trustee Berhad`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)20700744 Fax No: (603)20729787

2) HSBC Institutional Trust Services (Asia) Limited
6th Floor, Tower One
HSBC Centre
No 1 Sham Mong Road
Kowloon, Hong Kong
Telephone No: (852)25336333 Fax No: (852)28696120

As at 30 April 2011, HSBC (Malaysia) Trustee Berhad is not engaged in any material
litigation and arbitration, including those pending and threatened, and is not aware oI
any Iacts likely to give rise to any proceedings which might materially eIIect the
business/Iinancial position oI HSBC (Malaysia) Trustee Berhad and any oIits
delegate.

Anti-Money Laundering And Anti-Terrorism Financing Provisions
The Trustee has in place policies and procedures across the HSBC Group, which may
exceed local regulations. Subject to any local regulations, the Trustee shall not be
liable Ior any loss resulting Irom compliance oI such policies, except in the case oI
negligence, wilIul deIault or Iraud oI the Trustee.

Statement of Disclaimer
The Trustee is not liable Ior doing or Iailing to do any act Ior the purpose oI
complying with law, regulation or court orders. In respect oI monies paid by an
investor Ior the application oI units, the Trustee`s responsibility arises when the

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monies are received in the relevant account of the Trustee for the Funds and in respect
of redemption, the Trustees responsibility is discharged once it has paid the
redemption amount to the Manager.

12.3 Profile Of Mayban Trustees Berhad

Mayban Trustees Berhad (5004-P) is the Trustee of the Fund with its registered office
at 34th Floor, Menara Maybank, 100 Jalan Tun Perak, 50050 Kuala Lumpur.

Mayban Trustees Berhad was incorporated on 12 April 1963 and registered as a Trust
Company under the Trust Companies Act 1949 on 11 November 1963. It was one of
the first local trust companies to provide trustee services with the objective of
meeting the financial needs of both individual and corporate clients. As at 29
th
April
2011, Mayban Trustees Berhad has a total of thirty nine (39) staff, comprising twenty
seven (27) executives and twelve (12) non-executives.

Summary of Mayban Trustees Berhads audited financial figures for financial years
ended 30 June:

Year Ended 30 June
2010
RM

2009
RM
2008
RM
Paid-up capital 500,000 500,000 500,000
Shareholders funds 3,901,376 8,623,251 22,112,805
Turnover 9,114,792 8,975,102 9,760,237
Profit Before Taxation 3,052,910 7,645,425 7,958,333
Profit After Taxation 2,278,125 5,730,466 5,916,114

With more than 19 years experience as Trustee to unit trust funds/schemes, Mayban
Trustees Berhad has under its trusteeship a total of fifty three (53) unit trust funds and
three (3) real estate investment trust / property trust funds as at 29 April 2011.

(d) Board Of Directors and Chief Executive Officer
En Zainal Abidin Jamal - Non Independent Director & Chairman
En Mohd. Hanif bin Suadi - Non Independent Director
Dato' Dr Tan Tat Wai - Independent Director
En Badirul Bin Ismail - Chief Executive Officer

Mayban Trustees Berhad is independent of the Manager. Mayban Trustees Berhad
will carry out transactions on an arms length basis and on terms which are best
available for the fund, as well as act at all times in the best interest of the Unit
Holders. Mayban Trustees Berhad also has adequate procedures and processes in
place to prevent or control conflicts of interest.

Mayban Trustees Berhads board of directors declare that the requirements of the
guidelines on allowing a person to be appointed or to act as trustee under subsection
290(1) of the CMSA have been complied with at the appointment of application.
-191-
(f) Delegates
MTB has delegated its custodian function to Malayan Banking Berhad. The custodian
function is run under Maybank Custody Services (MCS), a unit within Malayan
Banking Berhad. MCS commenced operations in 1983 and has been appointed as
custodian of unit trust funds since 1989. It provides clearing and custody services for
Malaysian equity and fixed income securities to domestic and foreign institutional
clients. In addition, it offers global custody services to domestic institutions/clients
that have foreign investments.
MCS has a staff strength of 30 employees, comprising of 22 Executives and 8 Non-
Executives as at 30 April 2011.
The custodians act only in accordance with instructions from Mayban Trustees
Berhad.
As at 29 April 2011, save for the suits mentioned herein below, the Trustee is not
engaged in any material litigation as plaintiff or defendant and the Trustee is not
aware of any proceedings, pending or threatened or of any facts likely to give rise to
any proceedings which might materially and adversely affect its financial position or
business.
The Bondholders of the Al-Bai Bithaman Ajil [ABBA] Bonds issued by Pesaka
Astana (M) Sdn Bhd [PASB] have sued PASB for its failure to meet its bonds
payment obligations under Kuala Lumpur High Court Civil Suit No. D5(D6)-22-
1810-2005 [the ABBA Suit] and cited the Trustee as one of 12 co-defendants in the
ABBA Suit. The claim in the ABBA Suit is for RM149,315,000.00 or any other sum
that the Court deems fit. The other defendants in the ABBA Suit include among
others the Facility Agent, PASBs Chief Executive Officer, one of PASBs directors
and associate companies of the Chief Executive Officer and the said director. The
Trustee has defended the ABBA Suit and its trial has concluded.
The Trustee has appealed against the decision made by the High Court on 30 June
2010 in respect of the ABBA Suit in awarding judgement against it and another
Defendant. The appeals are set for hearing on 20-23 September 2011 and 26-30
September 2011.
Connected to the ABBA Suit, Amanah Short Deposits Berhad [now MIDF Amanah
Investment Bank Berhad (MIDF)], a Noteholder of the Combined Commercial Papers
and/or Medium Term Notes/Letters of Credit/Financial Guarantee Facilities
[CP/MTN] totalling RM13 million and issued by PASB, have also sued PASB for
full payment under CP/MTN arising from a cross-default by PASB under its ABBA
Bonds, under Kuala Lumpur High Court Civil Suit No. D2-22-1085-2006 [the
CP/MTN Suit]. The Trustee was cited as one of 5 co-defendants in the CP/MTN Suit.
The claim in the CP/MTN Suit is for RM13 million or any other sum that the Court
deems fit and damages. The other defendants in the CP/MTN Suit are the Facility
Agent, PASBs Chief Executive Officer and one of PASBs directors. The Trustee is
defending the CP/MTN Suit. Trial dates for the CP/MTN Suit fixed on 25 and 26
November 2010 have been vacated.
In any event, any successful claim that may be established against the Trustee will be
covered by the Trustees insurer and/or Malayan Banking Berhad as the ultimate
holding company of the Trustee. As such, the ABBA Suit and the CP/MTN Suit will
not materially affect the business or financial position of the Trustee.
-192-
Connected to the CP/MTN Suit, MIDF has under Kuala Lumpur High Court
Originating Summons No. 24A-30-2011 against the Trustee and another Defendant
sought a declaration that the Trustee hold in trust for MIDF the sum of
RM3,453,000.00, which said sum is in the possession of the Trustee, and that the said
sum be paid to MIDF upon the order of the Court [the OS]. The OS is fixed for
hearing on 19 May 2011.The OS will not materially affect the business or financial
position of the Trustee.

The sole Junior Noteholder of the Junior Notes issued by Aldwich Berhad [Aldwich]
has sued the Trustee and the Security Agent of the Senior Bonds and the Junior Notes
also issued by Aldwich for the sum of RM556,500,000.00 together with interest and
costs under Kuala Lumpur High Court Suit No : D-22NCC-2339-2010 [the JN Suit].
The JN Suit arises in the Trustees ordinary course of business and in the performance
of its duties and responsibilities to the Senior Bondholders and in acting responsibly
further to the instructions of the Senior Bondholders via special resolution in
declaring an Event Of Default for the Senior Bonds [EOD For Bonds]. Subsequently,
the EOD For Bonds had caused a cross default on the Junior Notes resulting in the
Trustee acting responsibly in declaring an Event Of Default for the Junior Notes in
order to avoid the interests of the Junior Noteholder being jeopardized. The Trustee
does not admit any liability to and is defending the JN Suit. The Trustees lawyers are
of the view that the JN Suit is devoid of merit. The JN Suit is fixed for trial on 5, 15
and 19 July 2011. The JN Suit will not materially affect the business or financial
position of the Trustee.
The Trustee reiterates that it has in place a strong team of professionals with priority
chiefly on protecting the interest of all stakeholders and upholding best standards of
service and management practice.
12.4 Profile Of OSK Trustees Berhad
OSK Trustees Berhad was incorporated in Malaysia under the Companies Act, 1965
on 6 March 2002. It is registered as a trust company under the Trust Companies Act,
1949 and is also registered with the SC to conduct unit trust business. The principal
activity of OSK Trustees Berhad is providing private and corporate trustee services.
OSK Trustees Berhad has been in the trustee business since 2002.
The present authorised share capital of OSK Trustees Berhad is RM25,000,000
comprising 2,500,000 ordinary shares of RM10.00 each, of which 1,200,000 are
currently issued and credited as partially paid-up of RM5.00 each in OSK Trustees
Berhad. The shareholders are as follows:
Shareholders %
OSK Holdings Berhad 20
OSK Investment Bank Berhad 20
OSK Nominees (Tempatan) Sdn Bhd 20
OSK Nominees (Asing) Sdn Bhd 20
OSK Futures and Options Sdn Bhd 20
-193-

The following is a summary of the past performance of OSK Trustees Berhad based
on audited accounts for the last 3 years:
Financial Year Ended 31 December
2010
(RM)
2009
(RM)
2008
(RM)
Paid-up capital 6,000,000 4,500,000 4,500,000
Shareholders
funds
5,266,851 3,160,228 2,249,076
Turnover 6,029,432 6,004,690 5,262,678
Profit/(Loss)
before taxation
465,288 920,714 218,003
Profit/(Loss) after
taxation
606,623 911,152 201,699
OSK Trustees Berhad undertakes all types of trustee business allowed under the Trust
Companies Act 1949, ranging from private trustee services to corporate trustee
services. OSK Trustees Berhad offers corporate trustee services such as trustee for
real estate investment trusts (REITs), unit trusts funds, custodian services, private
debt securities, golf clubs/associations, time sharing schemes, provident and
retirement funds, sinking funds and stakeholders. Its private trustee services includes
estate planning services (will writing, custodian, executor/trustee services), trustee of
charitable trust, trustee of insurance trust, attorney/agent for executor, administrator
or trustee and trustee of private purpose trusts.
As of 30 April 2011, OSK Trustees Berhad is the trustee for seventeen (17) unit trust
funds, eleven (11) wholesale funds and two (2) REITs under the revised Guidelines
on REIT dated 21 August 2008.
As of 30 April 2011, OSK Trustees Berhads staff strength comprises 43 executives
and 6 non-executive staff.
(d) Board Of Directors and Chief Operating Officer
The following table sets out information regarding the COO and board of directors of
OSK Trustees Berhad:-
Name Position / Directorship
Foo San Kan Independent Non-Executive Director
Woo Lai Mei
Dato Nik Mohamed Din bin Datuk
Nik Yusoff
Woon Chong Boon
Non-Independent Executive Director
-194-
Dato Abdul Manjit Bin Ahmad Khan Independent Non-Executive Director

Woo Lai Mei Chief Operating Officer
The Trustee is independent of the Manager. The Trustee will carry out transactions on
an arms length basis and on terms which are best available for the fund, as well as
act at all times in the best interest of the Unit Holders. The Trustee also has adequate
procedures and processes in place to prevent or control conflicts of interest.
The Trustees Board of Directors declares that the requirements of the guidelines on
allowing a person to be appointed or to act as trustee under subsection 290(1) of the
Capital Markets and Services Act 2007 have been complied with at the point of
application.
(f) Delegates
OSK Trustees Berhad has appointed United Overseas Bank (Malaysia) Bhd as the
custodian for quoted and unquoted investments for the RHB Dividend Valued Equity
Fund and RHB GoldenLife Funds. The custodian has been providing custody services
to domestic and foreign, retail and institutional investors since 1984. The custody
services provided by the custodian includes clearing and settlement, safekeeping,
corporate events monitoring and processing, income collection, reporting on
securities and cash transactions and positions. All investments are registered in the
name of the custodian or its nominee company for the account of the Fund. The
custodian acts only in accordance with instructions from its principal, OSK Trustees
Berhad.
As at 30 April 2011, two (2) legal actions have been commenced against OSK
Trustees Berhad as Trustee of Sunway Real Estate Investment Trust (SUNREIT) in
connection with its acquisition for and on behalf of SUNREIT, of Putra Place Land at
a public auction. The Plantiffs had inter-alia sought declarations from the High Court
of Malaya in Kuala Lumpur that the sale by public auction on Geran 10012 for Lot 38
Seksyen 0051 situated in Bandar Kuala Lumpur, Daerah Kuala Lumpur, Wilayah
Persekutuan (Putra Place Land) on 30 March 2011 has breached the Proclamation
and Conditions of Sale and/or the National Land Code 1965 and the sale of the Putra
Place Land to OSK Trustees Berhad be set aside as being null and void.
For both the above matters, OSK Trustees Berhad is taking the position that at all
material times OSK Trustees Berhad is acting as Trustee of SUNREIT and is
accordingly indemnified from the funds of the SUNREIT.
-195-
12.5 Duties And Responsibilities Of The Trustees

Each of the Trustees functions, duties and responsibilities are set out in the Deed.
The general function, duties and responsibility of each of the Trustee include, but are
not limited to, the followings:
(a) acting as trustee and safeguarding the rights and interests of the Unit Holders;
(b) holding the assets of the relevant Fund for the benefit of the Unit Holders;
and
(c) exercising all the powers of a trustee and the powers that are incidental to the
ownership of the assets of the relevant Fund.
Each of the Trustee has covenanted in the Deed that it will exercise all due diligence
and vigilance in carrying out its functions and duties, and in safeguarding the rights
and interests of Unit Holders in accordance with the provisions of the Deed, Capital
Markets and Services Act 2007 and the Securities Commissions Guidelines on Unit
Trust Funds. Apart from being the legal owner of the Funds assets, the Trustee is also
responsible for ensuring that the Manager performs its duties and obligations in
accordance with the provisions of the Deed, Capital Markets and Services Act 2007
and the Guidelines.
12.6 Statement Of Responsibility By The Trustees
Each of the Trustee has given their willingness to assume the position as Trustee of
their respective Fund and all the obligations in accordance with the Deed, the
Guidelines, securities laws and other relevant law.
-196-
13. SALIENT TERMS OF DEED

Money invested by an investor in the Funds will purchase a number of units, which represents the
Unit Holders interest in the Funds. Each unit held in the Fund represents an equal undivided
beneficial interest in the assets of the Funds. However, the unit does not give a Unit Holder an interest
in any particular part of the Funds or a right to participate in the management or operation of the
Funds (other than through Unit Holders meetings).
A Unit Holder will be recognised as a registered Unit Holder in the Funds on the Business Day his/
her details are entered onto the Register of Unit Holders.
13.1 Rights Of Unit Holders
A Unit Holder has the right, among others, to the following:
To inspect the Register, free of charge, at any time at the registered office of the Manager, and
obtain such information pertaining to its units as permitted under the Deed and the SC Guidelines;
To receive the distribution of the Funds (if any), participate in any increase in the capital value of
the units and to other rights and privileges as set out in the Funds Deed;
To call for Unit Holders meetings;
To vote for the removal of the Trustee or the Manager through an extraordinary resolution;
To receive annual reports, interim reports or any other reports of the Funds; and
To exercise cooling-off for qualified investors.
Unit Holders rights may be varied by changes to the Deed, the SC Guidelines or judicial decisions or
interpretation.
13.2 Liabilities And Limitation Of Unit Holders
Liabilities
(i) The liability of a Unit Holder is limited to the purchase price per Unit and the Application Fee
paid or agreed to be paid for a Unit. A Unit Holder need not indemnify the Trustee or the
Manager if there is a deficiency in the assets of the Funds to meet the claim of any creditor of
the Trustee or Manager in respect of the Funds.
(ii) The recourse of the Trustee, the Manager and any creditor is limited to the assets of the Funds.
Limitations
A Unit Holder cannot:
(i) interfere with any rights or powers of the Manager and/or Trustee under the Deed;
(ii) exercise a right in respect of an asset of the Funds or lodge a caveat or other notice affecting
the asset of the Funds or otherwise claim any interest in the asset of the Funds; or
(iii) require the asset of the Funds to be transferred to the Unit holder.
-197-
For full details of the rights of a registered Unit Holder of the Funds, please refer to the relevant
Deeds.
13.3 Maximum Fees And Charges Permitted By The Deed
Fund Management
Fee
Trustee Fee Sales
Charge
Repurchase
Charge
Switching Fee
RHBDF Up to 1.5%
per annum,
calculated
daily on the
Net Asset
Value of the
Fund
Up to 0.1% per
annum subject to
a minimum of
0.07% per annum
of the Net Asset
Value of the Fund
prior to any
deduction for
management fees
and trustee fees
for the particular
day.
Up to 6% of
the Net
Asset Value
per Unit.
Up to
RM0.05 per
Unit
Up to 7% of
the Net Asset
Value per Unit.
An
administrative
fee in relation
to switching
may be
charged as set
out in the
Prospectus.
RHBCF Up to 1.5%
per annum,
calculated
daily on the
Net Asset
Value of the
Fund
Up to 0.1% per
annum subject to
a minimum of
0.06% per annum
of the Net Asset
Value of the Fund
prior to any
deduction for
management fees
and trustee fees
for the particular
day (excluding
foreign custodian
fees and charges).
Up to 6% of
the Net
Asset Value
per Unit.
Up to
RM0.05 per
Unit
Up to 7% of
the Net Asset
Value per Unit.
An
administrative
fee in relation
to switching
may be
charged as set
out in the
Prospectus.
RHBBF Up to 1.5%
per annum,
calculated
daily on the
Net Asset
Value of the
Fund
Up to 0.1% per
annum subject to
a minimum of
0.08% per annum
of the Net Asset
Value of the Fund
prior to any
deduction for
management fees
and trustee fees
for the particular
day.
Nil Up to 2% of
the Net Asset
Value per
Unit.
Up to 7% of
the Net Asset
Value per Unit.
An
administrative
fee in relation
to switching
may be
charged as set
out in the
Prospectus.
-198-
Fund Management
Fee
Trustee Fee Sales
Charge
Repurchase
Charge
Switching Fee
RHBMDF Up to 1.5%
per annum,
calculated
daily on the
Net Asset
Value of the
Fund
Up to 0.08% per
annum, calculated
daily on the Net
Asset Value, but
subject to a
minimum fee of
RM18,000.00 per
annum
Up to 10% is
charged on
the Net
Asset Value
per Unit
Up to 10% of
the Net Asset
Value per
Unit
Up to 7% of
the Net Asset
Value per Unit.
An
administrative
fee in relation
to switching
may be
charged as set
out in the
Prospectus.
RHBINCF Up to 3.0%
per annum
subject to a
minimum of
1.5% per
annum,
calculated
daily on the
Net Asset
Value.
Up to 0.08% per
annum,
calculated daily
on the Net Asset
Value, but
subject to a
minimum fee of
RM18,000 per
annum
Up to 8% is
charged on
the Net
Asset Value
per Unit
Nil Up to 7% of
the Net Asset
Value per Unit.
An
administrative
fee in relation
to switching
may be
charged as set
out in the
Prospectus.
RHBGLF
Today
Up to 2.0%
per annum,
calculated
daily on the
Net Asset
Value
Up to 0.07% per
annum,
calculated daily
on the Net Asset
Value, but
subject to a
minimum fee of
RM18,000 per
annum
Up to 10% is
charged on
the Net
Asset Value
per Unit
Up to 5% of
the Net Asset
Value per
Unit
A switching
fee may be
charged as set
out in the
Prospectus,
however, no
switching fee
will be charge
for any
switching
between the
Sub-Funds of
the RHB
GoldenLife
Funds.
RHBGLF
2020
Up to 2.0%
per annum,
calculated
daily on the
Net Asset
Value
Up to 0.07% per
annum,
calculated daily
on the Net Asset
Value, but
subject to a
minimum fee of
RM18,000 per
annum
Up to 10% is
charged on
the Net
Asset Value
per Unit
Up to 5% of
the Net Asset
Value per
Unit
A switching
fee may be
charged as set
out in the
Prospectus,
however, no
switching fee
will be charge
for any
switching
between the
Sub-Funds of
-199-
Fund Management
Fee
Trustee Fee Sales
Charge
Repurchase
Charge
Switching Fee
the RHB
GoldenLife
Funds.
RHBGLF
2030
Up to 2.0%
per annum,
calculated
daily on the
Net Asset
Value
Up to 0.07% per
annum,
calculated daily
on the Net Asset
Value, but
subject to a
minimum fee of
RM18,000 per
annum
Up to 10% is
charged on
the Net
Asset Value
per Unit
Up to 5% of
the Net Asset
Value per
Unit
A switching
fee may be
charged as set
out in the
Prospectus,
however, no
switching fee
will be charge
for any
switching
between the
Sub-Funds of
the RHB
GoldenLife
Funds.
RHBCMF Up to 1.0%
per annum,
calculated
daily on the
Net Asset
Value of the
Fund
Up to 0.1% per
annum of the Net
Asset Value of
the Fund prior to
any deduction for
management fees
and trustee fees
for the particular
day subject to a
minimum of
RM18,000.00
only per annum
(excluding
foreign custodian
fees and charges)
Nil Nil Up to 7% of
the Net Asset
Value per Unit.
An
administrative
fee in relation
to switching
may be
charged as set
out in the
Prospectus.
RHBMF Up to 1.5%
per annum,
calculated
daily on the
Net Asset
Value of the
Fund
Up to 0.1% per
annum of the Net
Asset Value of
the Fund prior to
any deduction for
management fees
and trustee fees
for the particular
day
Up to 6% of
the Net
Asset Value
per Unit.
Nil Up to 7% of
the Net Asset
Value per Unit.
An
administrative
fee in relation
to switching
may be
charged as set
out in the
Prospectus.
RHBIBF Profit sharing
scheme with
the
Management
Company and
Up to 0.1% per
annum of the Net
Asset Value of
the Fund prior to
any deduction for
Nil Up to 1% of
the Net Asset
Value per
Unit
Up to 7% of
the Net Asset
Value per Unit.
An
administrative
-200-
Fund Management
Fee
Trustee Fee Sales
Charge
Repurchase
Charge
Switching Fee
Fund ratio of
15:85
respectively
based on the
net
investment
income,
which is the
income of the
Fund less the
Trustee fee
and all
permitted or
allowable
expenses
under the
Deed.
management fees
and trustee fees
for the particular
day subject to a
minimum of
RM35,000.00
only per annum.
fee in relation
to switching
may be
charged as set
out in the
Prospectus.
RHBIGF Up to 1.5%
per annum,
calculated
daily on the
Net Asset
Value of the
Fund
(a) For the first
year of the Fund,
up to 0.07% per
annum of the Net
Asset Value of
the Fund prior to
any deduction for
management fees
and trustee fees
for the particular
day;
(b) For
subsequent years,
up to 0.05% per
annum of the Net
Asset Value of
the Fund prior to
any deduction for
management fees
and trustee fees
for the particular
day.
Up to 6% of
the Net
Asset Value
per Unit
Nil Up to 7% of
the Net Asset
Value per Unit.
An
administrative
fee in relation
to switching
may be
charged as set
out in the
Prospectus.
RHBICMF Up to 3% per
annum,
calculated
daily on the
Net Asset
Value of the
Fund prior to
any deduction
for
Up to 0.2% per
annum of the Net
Asset Value of
the Fund prior to
any deduction for
management fees
and trustee fees
for the particular
day subject to a
Up to 7% of
the Net
Asset Value
per Unit
Up to 5% of
the Net Asset
Value per
Unit
Up to 7% of
the Net Asset
Value per Unit.
An
Administrative
fee in relation
to switching
may be
charged as set
-201-
Fund Management
Fee
Trustee Fee Sales
Charge
Repurchase
Charge
Switching Fee
management
fees and
trustee fees
for the
particular day
minimum of
RM18,000.00
only per annum
(excluding
foreign custodian
fees and charges)
out in the
Prospectus
RHBDVEF Up to 2.0%
per annum,
calculated
daily on the
Net Asset
Value of the
Fund
The rate is :-
(a) 0.07% per
annum of the Net
Asset Value of
the Fund
attributed to
investments in
Malaysia and
0.1% per annum
of the Net Asset
Value of the Fund
attributed to
investments
abroad; or
(b) RM18,000.00
only per annum,
whichever is the
higher.
Up to 10%
of the Net
Asset Value
per Unit.
Up to 5% of
the Net Asset
Value per
Unit.
Up to 7% of
the Net Asset
Value per Unit.
An
administrative
fee in relation
to switching
may be
charged as set
out in the
Prospectus.
RHBGTF Up to 2.0%
per annum,
calculated
daily on the
Net Asset
Value of the
Fund
Up to 0.5% per
annum of the Net
Asset Value of
the Fund prior to
any deduction for
management fees
and trustee fees
for the particular
day subject to a
minimum of
RM18,000.00
only per annum
(excluding
foreign custodian
fees and charges)
Up to 10%
of the Net
Asset Value
per Unit.
Up to 5% of
the Net Asset
Value per
Unit.
Up to 7% of
the Net Asset
Value per Unit.
An
administrative
fee in relation
to switching
may be
charged as set
out in the
Prospectus.
RHBATRF Up to 2.0%
per annum,
calculated
daily on the
Net Asset
Value of the
Fund
Up to 0.1% per
annum of the Net
Asset Value of
the Fund prior to
any deduction for
management fees
and trustee fees
for the particular
Up to 10%
of the Net
Asset Value
per Unit.
Up to 5% of
the Net Asset
Value per
Unit.
Up to 7% of
the Net Asset
Value per Unit.
An
administrative
fee in relation
to switching
may be
-202-
Fund Management
Fee
Trustee Fee Sales
Charge
Repurchase
Charge
Switching Fee
day subject to a
minimum of
RM18,000.00
only per annum
(excluding
foreign custodian
fees and charges)
charged as set
out in the
Prospectus.
RHBGFF Up to 2.0%
per annum,
calculated
daily on the
Net Asset
Value of the
Fund
Up to 0.1% per
annum of the Net
Asset Value of
the Fund prior to
any deduction for
management fees
and trustee fees
for the particular
day subject to a
minimum of
RM18,000.00
only per annum
(excluding
foreign custodian
fees and charges)
Up to 10%
of the Net
Asset Value
per Unit.
Up to 5% of
the Net Asset
Value per
Unit.
Up to 7% of
the Net Asset
Value per Unit.
An
administrative
fee in relation
to switching
may be
charged as set
out in the
Prospectus.
RHBGMMF Up to 3.0%
per annum,
calculated
daily on the
Net Asset
Value of the
Fund
Up to 0.1% per
annum of the Net
Asset Value of
the Fund prior to
any deduction for
management fees
and trustee fees
for the particular
day subject to a
minimum of
RM18,000.00
only per annum
(excluding
foreign custodian
fees and charges)
Up to 7% is
charged on
the Net
Asset Value
per Unit
Up to 5% of
the Net Asset
Value per
Unit
Up to 7% of
the Net Asset
Value per Unit.
An
administrative
fee in relation
to switching
may be
charged as set
out in the
Prospectus.
A lower fee and/or charges than what is stated in the Deed may be charged, all current fees and/or
charges are disclosed in the Prospectus.
Any increase of the fees and/or charges above that stated in the current Prospectus may be made
provided that a supplemental Prospectus is issued and the maximum stated in the Deed shall not be
breached.
Any increase of the fees and/or charges above the maximum stated in the Deed shall require Unit
Holders' approval.
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13.4 Expenses Permitted By The Deed

The Deed also provides for payment of other expenses. The major expenses recoverable directly from
the Funds include:
commissions/fees paid to brokers/dealers in effecting dealings in the investments of the Funds,
shown on the contract notes or confirmation notes or difference accounts;
(where the custodial function is delegated by the Trustee), charges/fees paid to the sub-custodian;
tax and other duties charged on the Funds by the government and other authorities if any and
bank fees;
the fees and other expenses properly incurred by the Auditor;
remuneration and out of pocket expenses of the independent members of the investment
committee and/or the members of the Shariah committee or advisers (if any) of the Funds, unless
the Manager decides to bear the same;
fees for valuation of any investment of the Funds by independent valuers for the benefit of the
Funds;
costs incurred for the modification of the Deed otherwise than for the benefit of the Manager or
Trustee;
costs incurred for any meeting of Unit holders other than those convened by, or for the benefit of
the Manager or Trustee;
the sale, purchase, insurance, custody and any other dealings of investments including
commissions/fees paid to brokers;
costs involved with external specialists approved by the Trustee in investigating and evaluating
any proposed investment;
the engagement of valuers, advisers and contractors of all kinds;
preparation and audit of the taxation returns and accounts of the Funds;
termination of the Funds and the retirement or removal of the Trustee or Manager and the
appointment of a new trustee or Manager;
any proceedings, arbitration or other dispute concerning the Funds or any Asset, including
proceedings against the Trustee or the Manager by the other of them for the benefit of the Funds
(except to the extent that legal costs incurred for the defense of either of them are not ordered by
the court to be reimbursed out of the Funds); and
costs of obtaining experts opinion by the Trustee and the Manager for the benefit of the Funds.
The Manager and the Trustee are required to ensure that any fees or charges payable are reasonable
and in accordance with the Deed which stipulates the maximum rate in percentage terms that can be
charged.
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13.5 Retirement, Removal Or Replacement Of The Manager

The Manager may retire upon giving twelve (12) months notice to the Trustee of its desire to do so, or
such lesser time as the Manager and Trustee may agree, in favour of another corporation.
The Manager may be removed by the Trustee under certain circumstances outlined in the Deed. These
include:
if the Manager shall have gone into liquidation (except a voluntary liquidation for the purpose of
reconstruction or amalgamation upon terms previously approved in writing by the Trustee) or
cease to carry on business or if a receiver shall be appointed for the undertaking or assets of the
Manager or if any encumbrances shall take possession of any of its assets;
if a Special Resolution is duly passed by the Unit Holders that the Manager be removed;
if the Manager is in breach of any of its obligations under the Deed; or
if the Manager has failed or neglected to carry out its duties to the satisfaction of the Trustee and
the Trustee considers that it would be in the interests of the Unit holders for it to do so, after the
Trustee has given notice to it of that opinion and the reasons for that opinion, and has considered
any representations made by the Manager in respect of that opinion, and after consultation with
the Securities Commission and with the approval of the Unit holders.
The Manager may be replaced by another corporation appointed as manager by extraordinary
resolution of the Unit Holders at a Unit Holders meeting convened in accordance with the Deed
either by the Trustee or the Unit Holders.
13.6 Power Of The Manager To Remove/Replace The Trustee
The Trustee may be removed in the event that:
the Trustee goes into liquidation;
the Trustee is placed under receivership, ceases to exist, fails or neglects its duties;
the Trustee ceases to be approved by the SC to be a trustee for unit trust schemes; or
if a Special Resolution is duly passed by the Unit Holders that the Trustee be removed.
Additionally, the Manager is legislatively empowered under Section 299 of the CMSA to remove a
Trustee under specific circumstances set out therein.
The Trustee may be replaced by another corporation appointed as trustee by Special Resolution of the
Unit Holders at a Unit Holders meeting convened in accordance with the Deed either by the Manager
or the Unit holders.
13.7 Retirement , Removal Or Replacement Of The Trustee
The Trustee may retire upon giving twelve (12) months notice to the Manager of its desire to do so,
or such shorter period as the Manager and the Trustee may agree, and may by Deed appoint in its
stead a new Trustee approved by the SC.
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The Trustee may be removed and another trustee may be appointed by Special Resolution of the Unit
holders at a Unit Holders meeting convened in accordance with the Deed or as stipulated in the
CMSA.
The Manager shall take reasonable steps to remove and replace the Trustee as soon as practicable after
becoming aware of any such circumstances as stated under the heading Power of Manager to
remove/replace Trustee.
13.8 Power Of The Trustee To Remove, Retire Or Replace The Manager
The Manager may be removed by the Trustee on the grounds that:
a) the Manager goes into liquidation (except for the purpose of amalgamation or reconstruction
or some other purpose approved by the relevant authorities); or has had a receiver appointed;
or has ceased to carry on business; or is in breach of its obligations under the Deed, CMSA or
the SC Guidelines; or
b) the Manager has failed or neglected to carry out its duties to the satisfaction of the Trustee and
the Trustee considers that it would be in the interests of Unit holders for it to do so after the
Trustee has given notice to the Manager of that opinion and the reasons for that opinion, and
after consultation with the SC and with the approval of the Unit holders by way of a Special
Resolution.
In any of above said grounds, the Manager for the time being shall upon receipt of such notice by the
Trustee cease to be the Manager and the Trustee shall by writing under its seal appoint another
corporation to be the Manger of the Funds subject to such corporation entering into a deed(s) with the
Trustee and thereafter act as Manager during the remaining period of the Funds.
13.9 Termination Of The Funds
The Funds may be terminated or wound-up upon the occurrence of any of the following events:-
(a) the SC's approval is revoked under Section 212(7)(A) of the CMSA;
(b) a Special Resolution is passed at a Unit holders' meeting to terminate or wind-up the Funds,
following the occurrence of events stipulated under Section 301(1) of the Act and the court
has confirmed the resolution, as required under Section 301(2) of the CMSA;
(c) a Special Resolution is passed at a Unit holders' meeting to terminate or wind-up the Funds;
(d) on reaching its maturity date (if any); or
(e) the effective date of an approved transfer scheme, as defined under the Guidelines, has
resulted in the Funds, which is the subject of the transfer scheme, being left with no
asset/property.
13.10 Meetings Of Unit Holders
A Unit Holders' meeting may be called by the Manager, Trustee and/or Unit holders.
Where the Manager or the Trustee convenes a meeting, the notice of the time and place of the meeting
and terms of resolution to be proposed shall be given to the Unit Holders in the following manner:
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(a) by sending by post a notice of the proposed meeting at least fourteen (14) days before the date of
the proposed meeting, to each Unit Holder at the Unit Holder's last known address or, in the case
of Joint holders, to the Joint holder whose name stands first in the records of the Manager at the
Joint holder's last known address; and
(b) by publishing, at least fourteen (14) days before the date of the proposed meeting, an
advertisement giving notice of the meeting in a national language newspaper published daily and
circulating generally throughout Malaysia, and in one other newspaper as may be approved by the
SC.
The Manager shall within twenty-one (21) days after an application is delivered to the Manager at its
registered office, being an application by not less than fifty (50), or one-tenth (1/10) in number,
whichever is less, of the Unit holders to which this Deed relates, summon a meeting of the Unit
Holders: -
(i) by sending a notice by post of the proposed meeting at least seven (7) days before the date of the
proposed meeting to each of those Unit holders at his last known address or in the case of joint
Unit holder, to the joint Unit holder whose name stands first in the Manager's records at the joint
Unit holder's last known address; and
(ii) by publishing at least fourteen (14) days before the date of the proposed meeting, an
advertisement giving notice of the meeting in a national language national daily newspaper and in
one other newspaper as may be approved by the SC,
for the purpose of considering the most recent financial statements of the Funds, or for the purpose of
requiring the retirement or removal of the Manager OR Trustee, or for the purpose of giving to the
Trustee such directions as the meeting thinks proper, or for the purpose of considering any other
matter in relation to this Deed.
The quorum for a meeting of Unit Holders of the Funds is five (5) Unit Holders of the Funds present
in person or by proxy, provided that for a meeting which requires a Special Resolution the quorum for
that meeting shall be five (5) Unit Holders, whether present in person or by proxy, holding in
aggregate at least twenty five per centum (25%) of the Units in issue for the Funds at the time of the
meeting. If the Funds have five (5) or less Unit Holders, the quorum required shall be two (2) Unit
Holders, whether present or by proxy and if the meeting requires a Special Resolution the quorum for
that meeting shall be two (2) Unit holders, whether present in person or by proxy, holding in
aggregate at least twenty five per centum (25%) of the Units in issue for the Funds at the time of the
meeting.
Voting is by a show of hands, unless a poll is duly demanded or the resolution proposed is required by
this deed or by law to be decided by a percentage of all Units. Each Unit Holder present in person or
by proxy has one vote on a show of hands. On a poll, each Unit Holder present in person or by proxy
has one vote for each whole fully paid Unit held. In the case of joint Unit Holders, only the person
whose name appears first in the register may vote. Units held by the Manager or its nominees shall
have no voting rights in any Unit holders' meeting of the Funds. In respect of the termination or
winding-up of the Funds, voting shall only be carried out by poll.
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14. APPROVALS AND CONDITIONS

In respect of RHBBF, the Manager has received a variation to SCs investment restrictions on 8 May
1998 and is allowed to hold securities that are not traded in or under the rules of an eligible market up
to a maximum of 50% of the Funds NAV. The normal restriction is 10% of the NAV of the Fund.
In respect of the automatic termination and merger of RHB GoldenLife Funds (Section 4.2 on page
87), the Manager has received an exemption to clause 10.06 of the Guidelines on 24 February 2010,
where:
a. the exemption to create units of RHB GoldenLife Today not for cash is applicable only for the
automatic termination and merger exercise with RHB GoldenLife 2020 and RHB GoldenLife
2030, on their respective maturity dates as defined in the deed of the funds; and
b. the exemption to cancel units of RHB GoldenLife 2020 and RHB GoldenLife 2030 not for
cash at the said maturity dates, is applicable only for their automatic termination and merger
with RHB GoldenLife today.
The approved exemption is subject to the following conditions:
a. The transfer of asset should be effected at arms length based on the market value of the
respective portfolios of RHB GoldenLife 2020 and RHB GoldenLife 2030 (the Transferor
Funds) at their maturity dates;
b. The Trustee of RHB GoldenLife Today (the Transferee Fund) must ensure that the receipt of
assets from the Transferor Funds at their respective automatic and merger dates-
1) is not likely to result in any material prejudice to the interest of unit holders of the
Transferee Fund
2) is consistent with the investment objective and strategy of the Transferee Fund; and
3) could be effected without any breach of investments of the Transferee Fund;
c. The Manager must ensure that the portfolio of the Transferor Funds at the point of their
respective termination and merger is consistent with the investment objective and strategy of
the Transferee Fund; and
The Trustee of the Transferee Fund and the Manager are to submit a declaration confirming items b.
and c. above to SC, for the respective automatic termination and merger of each Transferor Fund
before the exercise is conducted.
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15. RELATED-PARTY TRANSACTIONS/CONFLICT OF INTEREST/CROSS TRADES

The Directors and officers of the Manager, and members of the Investment Committee should
avoid any conflict of interest arising, and if any conflict arises, should ensure that the Funds
are not disadvantaged by the transaction concerned. Any transaction carried out by or on
behalf of the Funds should be executed on terms which are the best available for the Funds
and which are no less favourable to the Funds than an arms length transactions between
independent parties. In the event the interest of any Directors and employees of the Manager,
and members of the Investment Committee is directly or indirectly involved, he or she would
abstain from being involved with any decision making process of the said transaction. If in
doubt, the Trustee is empowered to act in accordance to the Deed or Guidelines and securities
laws applicable at the point in time.

No fees other than the ones set out in this Prospectus have been paid to any promoter of the
Funds, or the Trustee (either to become a Trustee or for other services in connection with the
Funds), or the Manager for any purpose or as allowed by regulations or approved by the
authorities.
Interests in the Funds and Employees securities dealings
Subject to the paragraph below and any legal and regulatory requirement, any officers or
directors of the Manager, Trustee or any of their respective related corporations, may invest in
the Funds. Such officers or directors will receive no payments from the Funds other than
usual income distributions that they may receive as a result of investment in the Funds.
The Manager has in place a policy contained in its Rules of Business Conduct, which
regulates its employees securities dealings. An annual declaration of securities trading is
required of all employees to ensure that there is no potential conflict of interest between the
employees securities trading and the execution of the employees duties to the company and
customers of the company.
The Funds may also invest in related companies and/or instruments issued by related
companies of the Manager and/or deposit money in financial institutions related to the
Manager. All related party transaction will be transacted at arms length and are established on
terms and conditions that are stipulated in the applicable regulations of the respective stock
exchanges and/or other applicable laws and market convention.
Cross Trades
The Fund(s) may conduct cross trades with another fund/client of RHBIM provided that:
1) the sale and purchase decisions are in the best interest of both clients;
2) transactions are executed on an arms length and fair value basis;
3) reason for such transactions is documented prior to execution;
4) transaction is executed through a dealer/financial institution.
Cross trades between staff personal account and the funds account(s), and cross trades
between proprietary accounts and the funds account(s) are prohibited.
HSBC (Malaysia) Trustee Berhad
As Trustee for the Fund, there may be related party transaction involving or in connection
with the Fund in the following events:-
1) Where the Fund invests in instruments offered by the related party of the Trustee (e.g
placement of monies, structured products, etc);
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2) Where the Fund is being distributed by the related party of the Trustee as Institutional
Unit Trust Adviser (IUTA);
3) Where the assets of the Fund are being custodised by the related party of the Trustee
both as sub-custodian and/or global custodian of the Fund (Trustees delegate); and
4) Where the Fund obtains financing as permitted under the Securities Commissions
Guidelines on Unit Trust, from the related party of the Trustee.
The Trustee has in place policies and procedures to deal with conflict of interest, if any. The
Trustee will not make improper use of its position as the owner of the fund's assets to gain,
directly or indirectly, any advantage or cause detriment to the interests of Unit Holders. Any
related party transaction is to be made on terms which are best available to the Fund and
which are not less favourable to the Fund than an arms-length transaction between
independent parties.
Subject to any local regulations, the Trustee and/or its related group of companies may deal
with each other, the Fund or any Unit Holder or enter into any contract or transaction with
each other, the Fund or any Unit Holder or retain for its own benefit any profits or benefits
derived from any such contract or transaction or act in the same or similar capacity in relation
to any other scheme.
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16. TAXATION OF THE TRUSTS AND UNIT HOLDERS

TAXATION ADVISERS LETTER
ON TAXATION OF THE TRUSTS AND UNITHOLDERS
PricewaterhouseCoopers Taxation Services Sdn Bhd
Level 10, 1 Sentral, Jalan Travers
P.O.Box 10192
50706 Kuala Lumpur
6th June 2011
The Board of Directors
RHB Investment Management Sdn Bhd
Level 7, Tower One
RHB Centre
Jalan Tun Razak
50400 Kuala Lumpur

TAXATION OF THE TRUSTS OFFERED UNDER THE MASTER PROSPECTUS AND
UNITHOLDERS
Dear Sirs,
This letter has been prepared for inclusion in the Master Prospectus in connection with the offer of
units in the trusts listed in the Appendix (the Trusts).

The taxation of income for both the Trusts and the Unitholders are subject to the provisions of the
Malaysian Income Tax Act 1967 (the Act). The applicable provisions are contained in Section 61 of
the Act, which deals specifically with the taxation of Trust bodies in Malaysia.
TAXATION OF THE TRUSTS
The Trusts will be regarded as resident for Malaysian tax purposes since the Trustees of the Trusts are
resident in Malaysia.
(1) Foreign Investments
Income of the Trusts in respect of overseas investment is exempt from Malaysian tax by virtue of
Paragraph 28 of Schedule 6 of the Act and distributions from such income will be tax exempt in the
hands of the Unitholders. Such income from foreign investments may be subject to taxes or
withholding taxes in the specific foreign country. However, any foreign tax suffered on the income in
respect of overseas investment is not tax refundable to the Trusts in Malaysia.
PricewaterhouseCoopers
Taxation Services Sdn Bhd
Reg. No. 464731-M
Level 10, 1 Sentral
Jalan Travers
P O Box 10192
50706 Kuala Lumpur, Malaysia
Telephone +60 3 2173 1188
Facsimile +60 3 2173 1288
www.pwc.com/my
RBB Nastei Piospectus uateu }uly
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The foreign income exempted from Malaysian tax at the Trusts level will also be exempted from tax
upon distribution to the Unitholders.
(2) Domestic Investments
(i) General taxation
The income of the Trusts consisting of dividends, interest or profit
1
(other than interest and profit
1
which is exempt from tax) and other investment income derived from or accruing in Malaysia, after
deducting tax allowable expenses, is liable to Malaysian income tax at the rate of 25 per cent.
Gains on disposal of investments by the Trusts will not be subject to income tax.
(ii) Tax Credit
With effect from 1 January 2008, Malaysia introduced the single-tier system where dividends paid by
companies would not be taxable. However, during the transitional period from 1 January 2008 to 31
December 2013, companies may still continue to be under the imputation system where dividends
paid are taxed at source and tax credits available to recipients.
Dividends received from companies that are under the single-tier system would be exempted from tax
and the expenses incurred on such dividends would be disregarded. There will no longer be any tax
refunds available for single-tier dividends received.
Dividends received by the Trusts would have suffered tax deduction at source at 25 per cent, unless
specific exemptions apply e.g. pioneer dividends. No further tax will be payable by the Trusts on the
dividends. However, such tax or part thereof will be refundable to the Trusts if the total tax so
deducted at source exceeds the tax liability of the Trusts.
(iii) Exempt Income
The Trusts may receive Malaysian dividends which are tax exempt. The exempt dividends may be
received from investments in companies which had previously enjoyed or are currently enjoying the
various tax incentives provided under the law. The Trusts will not be taxable on such exempt income.
With effect from 1 January 2008, dividends received from companies under the single-tier system
would also be exempted.
_______________________________________________
1
Section 2(7) of the Malaysian Income Tax Act 1967, provides that any reference to interest shall apply
equally to gains or profits received and expenses incurred, in lieu of interest, in transactions conducted
in accordance with the principles of Shariah. The effect of this is that any gains or profits received and
expenses incurred in Shariah transactions will be given the same tax treatment as interest similar to a
conventional transaction.
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Interest income or profit

1
or discount income derived from the following investments are exempt from
tax:
(a) Securities or bonds issued or guaranteed by the Government;
(b) Debentures and Islamic Securities, other than convertible loan stocks approved by the
Securities Commission (SC); and
(c) Bon Simpanan Malaysia issued by Bank Negara Malaysia.
As such, provided the investment in structured products is seen to be debentures under the Capital
Markets and Services Act 2007, the income received will be exempted. Otherwise, tax implications
could arise.
Interest income or profit
1
derived from the following investments are exempt from tax:
(a) Interest or profit
1
paid or credited by any bank or financial institution licensed under the
Banking and Financial Institutions Act 1989 or the Islamic Banking Act 1983; and
(b) Bonds, other than convertible loan stocks, paid or credited by any company listed on
the Malaysia Exchange of Securities Dealing and Automated Quotation Berhad (now
known as Bursa Malaysia Securities Berhad ACE Market).
The income exempted from tax at the Trusts level will also be exempted from tax upon distribution to
the Unitholders.
(3) Hedging Instruments
The tax treatment of hedging instruments would depend on the particular hedging instruments entered
into.
Generally, any gain / loss relating to the principal portion will be treated as capital gain / loss. Gains /
losses relating to the income portion would normally be treated as revenue gains / losses. The gain /
loss on revaluation will only be taxed or claimed upon realisation. Any gain / loss on foreign
exchange is treated as capital gain / loss if it arises from the revaluation of the principal portion of the
investment.
(4) Income from Malaysia Real Estate Investment Trusts (REITs)
Income from distribution from REITs will be received net of final withholding tax of 10 per cent. No
further tax will be payable by the Trusts on the distribution. Distribution from such income by the
Trusts will also not be subject to further tax in the hands of the unit holders.
(5) Tax Deductible Expenses
Expenses wholly and exclusively incurred in the production of gross income are allowable as
deductions under Section 33(
1
) of the Act. In addition, Section 63B of the Act provides for tax
deduction in respect of managers remuneration, expenses on maintenance of the register of
Unitholders, share registration expenses, secretarial, audit and accounting fees, telephone charges,
printing and stationery costs and postages. The deduction is based on a formula subject to a minimum
of 10 per cent and a maximum of 25 per cent of the expenses.
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(6) Real Property Gains Tax (RPGT)

With effect from 1 January 2010, Real Property Gains Tax of 5 per cent will be applicable on gains on
disposal of investments representing shares in real property companies
2
where the disposal is within 5
years of ownership.
TAXATION OF UNITHOLDERS
Unitholders will be taxed on an amount equivalent to their share of the total taxable income of the
Trusts to the extent of the distributions received from the Trusts. The income distribution from the
Trusts will carry a tax credit in respect of the Malaysian tax paid by the Trusts. Unitholders will be
entitled to utilise the tax credit against the tax payable on the income distribution received by them.
No additional withholding tax will be imposed on the income distribution from the Trusts.
Non-resident Unitholders may also be subject to tax in their respective jurisdictions. Depending on the
provisions of the relevant countrys tax legislation and any double tax treaty with Malaysia, the
Malaysian tax suffered may be creditable against the relevant foreign tax.
Corporate Unitholders, resident
3
and non-resident, will generally be liable to income tax at 25 per cent
on distribution of income received from the Trusts. The tax credits attributable to the distribution of
income can be utilised against the tax liabilities of these Unitholders.

_______________________________________________
2
A real property company is a controlled company which owns or acquires real property or shares in real
property companies with a market value of not less than 75 per cent 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.
3
Resident companies with paid up capital in respect of ordinary shares of RM2.5 million and below will pay
tax at 20 per cent for the first RM500,000 of chargeable income with the balance taxed at 25 per cent.
With effect from year of assessment 2009, the above shall not apply if more than -
(a) 50 per cent of the paid up capital in respect of ordinary shares of the company is directly or indirectly
owned by a related company;
(b) 50 per cent of the paid up capital in respect of ordinary shares of the related company is directly or
indirectly owned by the first mentioned company;
(c) 50 per cent of the paid up capital in respect of ordinary shares of the first mentioned company and the
related company is directly or indirectly owned by another company.
Related company means a company which has a paid up capital in respect of ordinary shares of more than
RM2.5 million at the beginning of the basis period for a year of assessment.
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Individuals and other non-corporate Unitholders who are tax resident in Malaysia will be subject to
income tax at graduated rates ranging from 1 per cent to 26 per cent. Individuals and other non-
corporate Unitholders who are not resident in Malaysia will be subject to income tax at 26 per cent.
The tax credits attributable to the distribution of income can be utilised against the tax liabilities of
these Unitholders.
The distribution of exempt income and gains arising from the disposal of investments by the Trusts
will be exempted from tax in the hands of the Unitholders.
Any gains realised by Unitholders (other than dealers in securities, insurance companies or financial
institutions) on the sale or redemption of the units are treated as capital gains and will not be subject
to income tax. This tax treatment will include gains in the form of cash or residual distribution in the
event of the winding up of the Trusts.
Unitholders electing to receive their income distribution by way of investment in the form of new
units will be regarded as having purchased the new units out of their income distribution after tax.
Unit splits issued by the Trusts are not taxable in the hands of Unitholders.
We hereby confirm that the statements made in this report correctly reflect our understanding of the
tax position under current Malaysian tax legislation. Our comments above are general in nature and
cover taxation in the context of Malaysian tax legislation only and do not cover foreign tax legislation.
The comments do not represent specific tax advice to any investors and we recommend that investors
obtain independent advice on the tax issues associated with their investments in the Trusts.
Yours faithfully,
for and on behalf of
PRICEWATERHOUSECOOPERS TAXATION SERVICES SDN BHD
Frances Po
Senior Executive Director
PricewaterhouseCoopers Taxation Services Sdn Bhd have given their written consent to the inclusion
of their report as Taxation Adviser in the form and context in which it appears in this Prospectus and
have not withdrawn such consent prior to the delivery of a copy of this Prospectus for approval.
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APPENDIX
The 18 Trusts are:-
1. RHB Dynamic Fund
2. RHB Capital Fund
3. RHB Bond Fund
4. RHB Malaysia DIVA Fund
5. RHB Income Fund
6. RHB GoldenLife Funds - RHB GoldenLife Today
7. RHB GoldenLife Funds - RHB GoldenLife 2020
8. RHB GoldenLife Funds - RHB GoldenLife 2030
9. RHB Cash Management Fund
10. RHB Mudharabah Fund
11. RHB Islamic Bond Fund
12. RHB Islamic Growth Fund
13. RHB Islamic Cash Management Fund
14. RHB Dividend Valued Equity Fund
15. RHB Global Themes Fund
16. RHB Asian Total Return Fund
17. RHB Global Fortune Fund
18. RHB Global Multi Manager Fund

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17. ADDITIONAL INFORMATION

17.1 Unit Holders Services Toll - Free Hotline 1-800-88-3656
(a) RHBIM strives to provide investors with high quality information services to
assist investors to make well informed investment decisions and keep abreast
of developments in the Funds. RHBIMs Unit Holders Services executives
are always available to investors on its Toll-Free Hotline 1-800-88-3656
during normal office hours whenever you have any enquiries or require any
form of assistance with your investments.
(b) Enquiries can also be made through:
(1) telephone no: 03-92862666 or fax no: 03-92862407;
(2) regional offices; and
(3) our website at http://www.rhb.com.my
(c) Normal Business Hours (Malaysian Time): Monday Friday from 9.00 a.m.
5.00 p.m.
17.2 Information On Investment
(a) As soon as an investor has made his investment in the Funds, RHBIM will
send him a Confirmation of Investment. As the Funds are scriptless Funds, no
certificates shall be issued for any units of the Funds. The Manager will also
on half-yearly basis, or such other period, issue to each Unit Holder a
Statement of Investment.
(b) During any particular financial year of the Funds, a Unit Holder will receive:
(1) An audited annual report for the financial year end of the Funds
which provides an account of the Funds including a complete
portfolio listing;
(2) An unaudited interim report which provides an account of the Funds
including a complete portfolio listing; and
(3) A tax statement/voucher showing details required for submission to
the Inland Revenue Department at every income distribution (not
applicable to foreign investors).
(c) A Unit Holder can also:
(1) Check the current value of his investments by calling the Managers
head office, its regional/branch offices and any of its IUTAs offices
throughout Malaysia;
(2) Check the NAV per Unit and/or management fee of the Funds by
referring to the Unit Trusts Column published daily in major
newspaper publications in Malaysia or log on to the Managers
website i.e. http://www.rhb.com.my.
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17.3 Anti-Money Laundering Policy

All investors are required to provide identification information including proof of
identity to enable the Manager to identify and verify the investors, beneficial
ownership and control of such transaction and conduct on going due diligence to
ensure information provided are relevant and updated. The required identification
information, as determined by the Manager, are contained in the application form.
The Manager may also require further information from the investors if the
information provided in the application is considered insufficient.
The Manager has the right to reject any application for units if the identity of the
investors could not be verified and determined or the investors refused to provide the
required information.
Where the Manager has reason or reasons to suspect an investor is involved in illegal
activities or the source of investment moneys could not be ascertained, the Manager is
required by law to report such investor to the relevant regulatory authority.
Investors investing through IUTA will be subjected to the anti-money laundering
measures of the relevant IUTA.
17.4 Distribution Channels
The Funds are distributed via the following channels:
Institutional Unit Trust Advisers (IUTAs)
Tied Agents
CUTA
Direct investment via RHBIM
The addresses and contact numbers of the head office and regional offices of RHBIM
are disclosed in the Corporate Directory. The approved distributors of the Funds are
listed in Section 21: Directory of Offices and IUTA.
-218-
18. CONSENTS
The consents of the Trustee, Solicitor, auditors, taxation and Shariah advisers for inclusion in
this Prospectus of their names in the form and context in which such names appear have been
given before the issue of this Prospectus and have not subsequently been withdrawn.
PricewaterhouseCoopers Taxation Services Sdn Bhd have given their written consent to the
inclusion of the Taxation Advisers letter on taxation of the Funds and Unit Holders as Tax
Advisers in the form and context in which it appears in this Prospectus and have not
withdrawn such consent prior to the lodgement of a copy of this Prospectus for registration.
-219-
19. DOCUMENTS AVAILABLE FOR INSPECTION

During the validity period of this Prospectus, i.e. 1 July 2011 until 17 May 2012, the
Prospectus, the following documents are available for inspection at the Managers and the
Trustees business office upon request without charge:
(a) The Deed;
(b) Any material contract or document referred to in this Prospectus;
(c) All reports, letters or other documents, valuations and statements by any expert, any
part of which is extracted or referred to in this Prospectus;
(d) The audited accounts of RHBIM and the Funds for the last 5 financial years or from
the date of incorporation/inception;
(e) Any consent given by experts or persons named in the Prospectus;
(f) Latest annual and interim reports of the Funds; and
(g) Writ and relevant cause papers for all current material litigation and arbitration
disclosed in the Prospectus.
-220-
20. LOAN FINANCING RISK DISCLOSURE STATEMENT

Investing in a unit trust scheme with borrowed money is more risky than investing with own
savings.
You should assess if loan financing is suitable for you in light of your objectives, attitude to
risk and financial circumstances. You should be aware of the risks, which would include the
following:
(a) The higher the margin of financing (that is, the amount of money you borrow for
every Ringgit of your own money that you put in as deposit or down payment), the
greater the potential for losses as well as gains.
(b) You should assess whether you have the ability to service the repayments on the
proposed loan. If your loan is a variable rate loan, and if interest rates rise, your total
repayment amount will be increased.
(c) If unit prices fall beyond a certain level, you may be asked to provide additional
acceptable collateral or pay additional amounts on top of your normal instalments. If
you fail to comply within the time prescribed, your units may be sold to settle your
loan.
(d) Returns on unit trust are not guaranteed and may not be earned evenly over time. This
means that there may be some years where returns are high and other years where
losses are experienced. Whether you eventually realise a gain or loss may be affected
by the timing of the sale of your units. The value of units may fall just when you want
your money back even though the investment may have done well in the past.
This brief statement cannot disclose all the risks and other aspects of loan financing. You
should therefore carefully study the terms and conditions before you decide to take the loan. If
you have doubts in respect of any aspect of this Risk Disclosure Statement or the terms of the
loan financing, you should consult the institution offering the loan.
ACKNOWLEDGEMENT OF RECEIPT OF RISK DISCLOSURE STATEMENT
I acknowledge that I have received a copy of this Unit Trust Loan Financing Risk Disclosure
Statement and understand its contents.
Signature: _____________________
Full Name: _____________________
I.C. No.: _____________________
Date: _____________________
-221-
21. DIRECTORY OF OFFICES AND IUTA

RHB INVESTMENT MANAGEMENT SDN BHDS OFFICES
Head Office
RHB Investment Management Sdn Bhd
Level 7, Tower One
RHB Centre
Jalan Tun Razak
50400 Kuala Lumpur
Wilayah Persekutuan
Malaysia
Hotline: 1-800-88-3656
Tel: 03-9286 2666
Fax: 03-9286 2407/2835
Web: http://www.rhb.com.my
REGIONAL / BRANCH OFFICES
Sabah Regional Office
Lot No. C-02-04, 2
nd
Floor
Block C, Warisan Square
Jalan Tun Fuad Stephens
88000 Kota Kinabalu
Sabah
Malaysia
Tel: 088-528 777
Fax: 088-528 685
Northern Regional Office
Level 3A, 44 Lebuh Pantai
Georgetown
10300 Pulau Pinang
Malaysia
Tel: 04-263 4848/1333
Fax: 04-262 8844
Sarawak Regional Office
Lot 7418, First Floor
Jalan Simpang Tiga
93300 Kuching
Sarawak
Malaysia
Tel: 082-231326
Fax: 082-230326
INSTITUTIONAL UNIT TRUST ADVISERS
RHB Bank Berhad
Level 10, Tower One
RHB Centre
Jalan Tun Razak
50400 Kuala Lumpur
Wilayah Persekutuan
Malaysia
RHB Islamic Bank Berhad
Level 10, Tower One
RHB Centre
Jalan Tun Razak
50400 Kuala Lumpur
Wilayah Persekutuan
Malaysia
Other approved distributors including institutional unit trust advisers or authorised tied agents (as
and when appointed by the Manager from time to time).
This page is intentionally left blank
This Form should not be circulated unless accompanied by the relevant Prospectus(es) / Information Memorandum(s). Investor(s) are advised to read and
understand the contents of the relevant Prospectus(es) / Information Memorandum(s) and Supplementary Prospectus(es), if any before completing this Form.
Please complete in BLOCK LETTERS only, and tick () where applicable. For 1st time investor, please ll up the Purchase / Switch Form to be submitted
with this Form.
PARTICULARS OF FIRST INDIVIDUAL APPLICANT
You MUST be 18 years and above as at the date of this application. Please provide a copy of your NRIC or Passport.
Name as in NRIC/Passport
NRIC (old)/Passport No./Birth Certicate No. NRIC No (new) :
Date of Birth (DD/MM/YYYY) Sex : Male Female
Marital Status Single Married Widowed Divorced No. of Dependents (please indicate)______
Nationality Status Malaysian Others, Please Specify________________________
Religion Muslim Non Muslim Bumiputera Status: Yes / No
Race Malay Chinese Indian Others
Occupation
Education Level Primary Secondary STPM / Diploma / PreU Degree Post Graduate
Annual Household Income Below RM18,000 RM18,001 RM36,000 RM36,001 RM60,000
RM60,001 RM90,000 RM90,001 and above
Source of Income Employment Business Savings / Inheritance
Mothers Maiden Name
INVESTMENT OBJECTIVE & EXPERIENCE
Investment Objective Investment Experience
Capital Growth Regular Income Capital Protection Unit Trust ____ year(s) Trading on Bursa Malaysia ____ year(s)
Investment Time Frame Futures / options ____ year(s) Others ____ year(s)
Long Term (>5 years) Medium Term (3-5 years) Short Term (<3 years) No experience
PARTICULARS OF JOINT INDIVIDUAL APPLICANT
Name as in NRIC/Passport
NRIC (old)/Passport No. NRIC No (new) :
Date of Birth (DD/MM/YYYY) Sex : Male Female
Nationality Status Malaysian Non-Malaysian
Please Specify_______________________________
Bumiputera Status Yes / No
Occupation
Relationship to First Individual Applicant Parent Spouse Child Sibling Relative Others
CORRESPONDENCE ADDRESS
Address
Post Code Town / City
State Country
Tel No (house) (mobile)
(o ce) ext. Fax No.
First Individual Applicant Email Address :
BY PROVIDING YOUR EMAIL ADDRESS TO RHBIM, YOU HAVE CONSENTED TO RECEIVE COMMUNICATIONS AND/OR INFORMATION FROM RHBIM RELATING TO
YOUR INVESTMENT VIA EMAIL. NOTICES DELIVERED VIA EMAIL TO APPLICANT ARE DEEMED SENT AND RECEIVED ON THE DATE SUCH EMAIL IS SENT.
FOR OFFICE USE ONLY
Account No. Trans. Sequence No
Kuala Lumpur (Cheras)
Tel: 03-9282 8669
Fax: 03-9282 2669
Sabah (Kota Kinabalu)
Tel: 088-528 686/ 692
Fax: 088-528 685
Sarawak (Kuching)
Tel: 082-231 326
Fax: 082-230 326
Penang
Tel: (04) 263 4848 / 1333
Fax: (04) 262 8844
ACCOUNT APPLICATION FORM
I n d i v i d u a l / C o r p o r a t e
Individual Joint Corporate
RHB INVESTMENT MANAGEMENT SDN BHD (Company No.174588-X)
Level 7, Tower One, RHB Centre, Jalan Tun Razak, 50400 Kuala Lumpur.
Tel: 603-92862666 Fax: 603-92862407/92878068 Toll Free No: 1-800-88-3656
Website: www.rhb.com.my
RHB Investment Management Sdn Bhd o ces:
Price of Transaction
DECLARATIONS AND SIGNATURES
PARTICULARS OF CORPORATE APPLICANT
Name of Applicant (as in Certicate of Incorporation):
Company/Registration No.
Nature of Business:
Status Incorporated in Malaysia
Incorporated outside Malaysia, please specify________________________________________________
Source of Income Disposal of non-core business/asset/investments Fund raising exercise such as right issue
Cash in hand/surplus funds/working capital
Contact Person (1):
Designation:
Department:
Tel No: ext Fax No
O ce Email Address
Contact Person (2):
Designation:
Department:
Tel No: ext Fax No
O ce Email Address
BY PROVIDING YOUR EMAIL ADDRESS TO RHBIM, YOU HAVE CONSENTED TO RECEIVE COMMUNICATIONS AND/OR INFORMATION FROM RHBIM RELATING TO YOUR
INVESTMENT VIA EMAIL. NOTICES DELIVERED VIA EMAIL TO APPLICANT ARE DEEMED SENT AND RECEIVED ON THE DATE SUCH EMAIL IS SENT.
Please refer to clause 4 of the Terms and Conditions to ascertain the documents required to be submitted with this application.
CORRESPONDENCE ADDRESS
Address
Post Code Town / City
State Country
Tel No (o ce) ext.
Fax No
EXCHANGE CONTROL DECLARATION BY NON MALAYSIAN RESIDENTS/REGISTERED ORGANISATIONS
I/We declare that I am / we are non-Malaysian resident(s) / a non-Malaysian registered organisation. I am a / we are permanent
resident(s) / Our organisation is incorporated in __________________________________________________________________.
For UTCs Use Only
Branch Code
Stamp of UTC
Name of Sta/UTC
FIMM No.
Code of Sta/UTC
Signature of Sta/UTC
For O ce Use Only
Account No
Trans. Sequence No.
Price Of Transaction
RM.........................................
per unit
You are advised to read and understand
the relevant Prospectus(es)/ Information
Memorandum(s) and deed(s) which shall be
made available upon request before investing
in the fund(s)
MINIMUM INVESTMENT
Initial and subsequent investments must be
for a minimum amount stated in the Funds
Prospectus(es)/ Information Memorandum(s)
basedontheFundsclosingNet AssetValue/Unit
on the day.
FIRST INDIVIDUAL APPLICANT
Applicant must be 18 years old and above.
Pleaseencloseaphotocopyof your identitycard
or passport.
JOINT INDIVIDUAL APPLICANT
Pleaseencloseaphotocopyof your identitycard
or passport.
If aged 18 years and above, he/she is also
required to sign the application form.
In the case of death of a joint-holder, the
surviving holder will be the only person
recognised by the Manager and the Trustee as
having any title to or interest in the units held.
In the absence of written explicit instructions,
I/we acknowledge that instructions must be
given by both of us.
CORPORATE APPLICANT
Pleaseencloseacopyof theMemorandumand
Articlesof association, Companyslatest audited
accounts, list of Authorised Signatories and
Specimen Signatures.
For a corporation, the Common Seal or the
Company stamp will have to be a xed. If the
Company Stamp is used, an Authorised O cer
must sign and state his/her representative
capacity.
Certied True Copy (by company secretary, if
applicable) of the Board Resolution, Form11,
Form9, Form13 (if applicable), Form24, Form
44, Form49 and latest Annual Return.
RIGHTS OF THE MANAGER
The Manager reserves the right to accept or
reject anyapplicationinwholeor inpart thereof
and reject any Fund Application Formwhich is
not completed in full and supported by the
requested documents and payments.
CUSTOMER CARE
If yourequirefurther informationor clarication,
please contact our Unitholder Services Hotline
No. 1-800-88-3656 (Toll Free) or 603-9286
2666.
All notices and other communications sent by
or to the applicant shall be sent at the risk of
the applicant. Unless due to willful default or
negligence of the Manager, the Manager shall
notberesponsibleforanyinaccuracy, interruption,
error, delay or failure in transmission or delivery
of any notices via whatever means, or for any
equipment failure or malfunction. The Manager
shall not be liable for any direct or indirect
consequential losses arising fromthe foregoing.
The information that you have provided will
be used strictly for our own purposes and shall
not be shared with any other parties unless as
required by law.
TERMS AND CONDITIONS
ALL APPLICANTS MUST SIGN THIS FORM
For Joint Application, please
tick () account operating
mode for future transactions.
Either Applicant to sign
Both Applicants to sign
First Applicant/Authorised Signatory(ies)
Date
Joint Applicant/Authorised Signatory(ies)
Date
INDIVIDUAL APPLICANT
I/WeacknowledgethatI/Wehavereceived, readand
understoodtherelevantProspectus(es)/Information
Memorandum(s) for the Fund(s) to be invested in,
the Terms and Conditions of this form and I/We
undertake to be bound by themfor my/our initial
andsubsequent transactions withRHBInvestment
Management Sdn. Bhd. (RHBIM).
I/We acknowledge that I/We are aware of the fees
andchargesthat I/Wewill incur directlyor indirectly
when investing in the Fund(s).
I/Weundertaketobeboundbytheprovisionsof the
documents constituting the Fund(s) subscribed to
as if I was/we were a party thereto.
I am/Weare18yearsandaboveasat thedateof this
application. Copy/Copies of my/our NRIC/passport
is/are enclosed.
I/We do declare and represent that as at the date
hereof, I/weam/arenot anundischargedbankrupt
nor has any petition for bankruptcy been filed
against me/us.
I/We declare that I am/we are neither engaged
in any unlawful activity nor are my/our monies
obtained fromany illegal source or related to any
illegal activity.
I/We declare that I am/we are in compliance and
undertakethat I/wewill complywithall applicable
laws and regulations.
I/We undertake to provide RHBIM with all
information as it may require for the purpose of
and in connection with completing the Account
Application Form, including but not limited to,
my/our informationonnancial position, condition,
or prospect.
I/We acknowledge that I/we shall keep RHBIM
informed of any change of my/our particulars as
stated in this Account Application Formand/or of
any material facts that will, directly or indirectly,
aect my/our nancial position(s), condition(s) or
prospect(s).
I/We undertake to provide such information and
documentsasRHBIMmayreasonablyrequireforthe
purposeof duediligence/enchancedduediligence
as requiredunder theAnti-MoneyLaunderingand
Anti-TerrorismFinancing Act 2001 (AMLA).
(For joint application only) In the absence of
written explicit instructions, I/we acknowledge
that instructions must be given by both of us.
(Distribution Instruction as per Purchase/Switch
Form) Intheabsenceof writtenexplicit instruction,
I/weagreethatanydistributionwill beautomatically
reinvested into further Units in the relevant Fund.
I/We hereby declare and acknowledge that I/We
havesolelegal andproprietaryright over all monies
accompanying this application.
I/We hereby agree to indemnify RHBIMagainst all
actions, suits, proceedings, claims, damages and
losses which may be suered by RHBIMas a result
of any inaccuracy of the declarations herein.
CORPORATE APPLICANT
I/WeacknowledgethatI/Wehavereceived, readand
understoodtherelevantProspectus(es)/Information
Memorandum(s) for the Fund(s) to be invested
in, theTerms and Conditions of this formand I/We
undertake to be bound by themfor my/our initial
andsubsequent transactions withRHBInvestment
Management Sdn. Bhd. (RHBIM).
I/Weundertaketobeboundbytheprovisionsof the
documents constituting the Fund(s) subscribed to
as if I was/We were a party thereto.
I/We acknowledge that I/We are aware of the fees
andchargesthat I/Wewill incur directlyor indirectly
when investing in the Fund(s).
I am/We are duly authorised officer(s) of the
Corporation, andwarrant that the Corporationhas
thepower andcapacitytoenter intothisagreement
and undertake transactions involving the Fund(s).
Attachedis acertiedtruecopyof theCorporations
list of authorised signatories.
I/We do declare and represent that as at the date
hereof, I/weam/arenot anundischargedbankrupt
nor has any petition for bankruptcy been filed
against me/us.
I/We, as director(s) of the Corporation do
hereby declare that the Corporation is a legally
incorporatedCorporation. Copyof my/our certicate
of incorporation is enclosed.
I/We, hereby declare and represent that as at this
date, the Corporation is not wound up nor has
there been any winding-up petition presented to
the Corporation.
I/We further declare that the Corporation is
neither engaged in any unlawful activity nor are
theCorporations monies obtainedfromanyillegal
source or related to any illegal activity.
I/We undertake to provide RHBIM with all
information as it may require for the purpose of
and in connection with completing the Account
ApplicationForm, includingbut not limitedto, the
Corporationanditsgroupof companiesinformation
onnancial position, condition, operation, business
or prospect.
I/We acknowledge that I/we shall keep RHBIM
informed of any change of the information stated
in this Account Application Form and/or of any
material facts that will directly or indirectly, aect
the Corporation and its group of companies
nancial position, condition, operation, business
or prospect.
I/We undertake to provide such information and
documentsasRHBIMmayreasonablyrequireforthe
purposeof duediligence/enchancedduediligence
as required under the AMLA.
(Distribution Instruction as per Purchase/Switch
Form) Intheabsenceof writtenexplicit instruction,
I/weagreethatanydistributionwill beautomatically
reinvested into further Units in the relevant Fund.
I/We hereby declare and acknowledge that I/We
havesolelegal andproprietaryright over all monies
accompanying this application.
I/We hereby agree to indemnify RHBIMagainst all
actions, suits, proceedings, claims, damages and
losses which may be suered by RHBIMas a result
of any inaccuracy of the declarations herein.
RHB-FR-OPE/UHS-046
Issue No. 1 / rev.2
For UTCs Use Only
Branch Code Name of Sta/UTC Code of Sta/UTC
FIMM No. Signature of Sta/UTC Stamp of UTC
FOR OFFICE USE ONLY
Account No. Trans. Sequence No Price of Transaction
PURCHASE / SWITCH FORM
Account No.
(for existing unit holders only)
Notes to be read before completing this section:
Cheque / bank drafts should be crossed and made payable
to RHB INVESTMENT MANAGEMENT SDN BHD and must
be drawn on a bank located in Malaysia. You should write
your full name and NRIC No. on the back of each cheque. The
cheque(s) / bank draft(s) must be attached with this Form.
You may bank-in cash or deposit cheques into one of the
accounts as stated above. Please attach the bank-in slip or a
copy of the Direct Transfer form with this Form. It must clearly
show your name, NRIC No, amount remitted and the name of
the Fund(s) you are investing into.
If you are investing via Standing Instruction, kindly ll up the
Standing Instruction Form from the relevant bank and attach
it with this Form.
This Form should not be circulated unless accompanied by the relevant Prospectus(es)/Information Memorandum(s). Investor(s) are advised to read and understand the contents of the
relevant Prospectus(es)/Information Memorandum(s) and Supplementary Prospectus(es), if any before completing this Form. Please complete in BLOCK LETTERS only, and tick () where
applicable. For 1st time investors, please ll up the Application Form to be submitted with this Form.
Name of First Individual Applicant
NRIC No (old) : Tel
NRIC No (new) :
Update Remain as previous application
Occupation
Education Level Primary Secondary STPM / Diploma / PreU Degree Post Graduate
Annual Household Income Below RM18,000 RM18,001 RM36,000 RM36,001 RM60,000
RM60,001 RM90,000 RM90,001 and above
Source of Income Employment Business Savings / Inheritance
Name of Joint Individual Applicant
NRIC No (old) : Tel
NRIC No (new) :
CORPORATE APPLICANT
Update on Corporations documents Remain as previous application
Name of Company
Company Registration No
Name of Contact Person(s)
Tel (o ce) ext. Fax
Note: Select a Distribution Instruction only if this is an initial investment in the relevant Fund(s) of RHB Investment Management Sdn Bhd. Income Distribution will be reinvested if there are no instructions
otherwise. A written notice to RHBIM is required to eect a change to a Distribution Instruction made previously. However, Income Distribution (if any) for non-RHBIM Funds will be automatically reinvested.
INVESTMENT OBJECTIVE & EXPERIENCE
Investment Objective Investment Experience
Capital Growth Regular Income Capital Protection Unit Trust ____ year(s) Trading on Bursa Malaysia ____ year(s)
Investment Time Frame Futures / options ____ year(s) Others ____ year(s)
Long Term (>5 years) Medium Term (3-5 years) Short Term (<3 years) No experience
DETAILS OF INVESTMENT APPLICATION
Fund Name Investment Management Company Amount In RM Investment Type Distribution Instruction (If Applicable)*
1. Initial Additional Standing Instruction Reinvest Pay by cheque Credit into bank account
TOTAL
Kuala Lumpur (Cheras)
Tel: 03-9282 8669
Fax: 03-9282 2669
Sabah (Kota Kinabalu)
Tel: 088-528 686/ 692
Fax: 088-528 685
Sarawak (Kuching)
Tel: 082-231 326
Fax: 082-230 326
Penang
Tel: (04) 263 4848 / 1333
Fax: (04) 262 8844
RHB INVESTMENT MANAGEMENT SDN BHD (Company No.174588-X)
Level 7, Tower One, RHB Centre, Jalan Tun Razak, 50400 Kuala Lumpur.
Tel: 603-92862666 Fax: 603-92862407/92878068 Toll Free No: 1-800-88-3656
Website: www.rhb.com.my
RHB Investment Management Sdn Bhd o ces:
*Account Details for income distribution to be credited:
Name of bank :
Branch :
Account No :
Type :
Current Savings
Payment Mode for investment :
Cheque/Bank Draft No. _____________________ (Payable to RHB Investment Management Sdn Bhd)
EPF Investment Scheme
Loan (RM)______________________ Name of Bank_____________________________ Branch__________________________
Cash Deposit, kindly indicate the bank account which you banked into:
Fund Name Bank Account No:
1 All Funds except for item 4 and 5 below RHB 2-14129-00200777
2 All Funds except for item 4 and 5 below Maybank 514011-592181
3 All Funds except for item 4 and 5 below RHB Multi Currency 6-14129-00007029
(Direct transfer for currencies other than (RM)
4 RHB Cash Management Fund RHB 2-14129-0021227-9
5 RHB Islamic Cash Management Fund RHB 2-64317-0000042-5
LOAN FINANCING RISK DISCLOSURE STATEMENT
DETAILS OF SWITCHING APPLICATION
Please ensure you maintain the minimum amount required in the original Fund as stated in the Funds prospectus
SWITCH FROM
Fund Name No of Units
1.
2.
3.
4.
5.
SWITCH TO
Fund Name Distribution Instruction (If Applicable)*
1. Reinvest Pay by cheque Credit into bank account
I / We acknowledge that I / we have read and understood the contents of the investment Loan Financing Risk Disclosure Statement. I / we do declare and represent
that as at the date hereof, I/we am/are not an undischarged bankrupt nor has any petition for bankruptcy been led against me/us. With the completion of this
form, it constitutes that I have read, understood and agreed to be bound by the notes, terms and conditions stated in this form. I also accept and acknowledge
that RHB Investment Management Sdn Bhd has absolute discretion to reply on facsimile conrmation from me and undertake to indemnify and hold harmless RHB
Investment Management Sdn Bhd, its employees and agents at all costs, expenses, loss of liabilities, claims and demands arising out of this conrmation.
DECLARATIONS AND SIGNATURES
I/We acknowledge that I/We have received, read and understood the relevant Prospectus(es)/Information Memorandum(s) for the Fund(s) to be invested in, the
Terms and Conditions of this Form and I/We undertake to be bound by them for my/our initial and subsequent transactions with RHB Investment Management
Sdn Bhd (RHBIM).
I/We undertake to be bound by the provisions of the documents constituting the Fund(s) subscribed to as if I was/We were a party thereto.
I/We acknowledge that I/We are aware of the fees and charges that I/We will incur directly or indirectly when investing in the Fund(s).
I/We hereby declare and acknowledge that I/We have sole legal and proprietary right over all monies accompanying this application.
I/We hereby agree to indemnify RHBIM against all actions, suits, proceedings, claims, damages and losses which may be suered by RHBIM as a result of any
inaccuracy of the declarations herein.
RHB-FR-OPE/UHS-047
Issue No. 1 / rev.1
*Account Details for income distribution to be credited:
Name of bank :
Branch :
Account No :
Type : Current Savings
ALL APPLICANTS MUST SIGN THIS FORM
First Applicant / Authorised Signatory(ies)
Date
Joint Applicant / Authorised Signatory(ies)
Date
Investing in an investment scheme with borrowed money is more risky than
investing with your own savings. You should assess if loan nancing is suitable
for you in light of your objectives, attitude to risk and nancial circumstances.
You should be aware of the risks, which would include the following:-
(i) The higher the margin of nancing (that is, the amount of money you
borrow for every Ringgit of your own money that you put in as deposit
or down payment) the greater the potential for losses as well as gains.
(ii) You should assess whether you have the ability to service the repayments
on the proposed loan. If your loan is a variable rate loan, and if interest
rates rise, your total repayment amount will be increased.
(iii) If unit prices fall beyond a certain level, you may be asked to provide
additional acceptable collateral or pay additional amount on top of
your normal installments. If you fail to comply within the prescribed
time, your units may be sold to settle your loan.
(iv) Returns on investment are not guaranteed and may not be earned
evenly over time. This means that there may be some years where
returns are high and other years where losses are incurred instead.
Whether you eventually realise a gain or incur loss may be aected by
the timing of the sale of your units. The value of units may fall just when
you want your money back even though the investment may have
done well in the past.
This brief statement cannot disclose all the risks and other aspects of loan
nancing. You should therefore carefully study the terms and conditions
before you decide to take the loan. If you have doubts in respect of any aspect
of this Risk Disclosure Statement or the terms of the loan nancing, you should
consult the institution offering the loan.

Rhbim MP

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Responsibility Statement

3. KEY FEATURES OF THE FUNDS

RHB Dynamic Fund RHB Capital Fund RHB Bond Fund

RHB Cash Management Fund

Local Shariah Funds

3.2 Fees And Charges

Note 1. Switching Fee

Fees Equity, Balanced,

Fees Equity, Balanced,

3.3 Other Information For The Funds

RHB Income Fund,

3.4 EPF Approved Funds

4. DETAILED INFORMATION ON THE FUNDS

Name of Fund RHB Capital Fund

Name of Fund RHB Bond Fund

Name of Fund RHB Malaysia DIVA Fund

Name of Fund RHB Income Fund

Name of Fund RHB GoldenLife Funds RHB

Name of Fund RHB GoldenLife Funds RHB

Name of Fund RHB GoldenLife Funds RHB

Name of Fund RHB Cash Management Fund

Risk Management Strategies

Local Shariah Funds

Name of Fund RHB Islamic Bond Fund

Name of Fund RHB Islamic Growth Fund

Name of Fund RHB Islamic Cash Management Fund

Risk Management Strategies

Name of Fund RHB Global Themes Fund

Investment Objective Of The DWS Global Themes Equity Fund

Under certain market conditions, it may be difficult or impossible to liquidate or

The insolvency of any counterparty, including a custodian, can adversely affect

There is no guarantee that these derivatives activities will be employed or that

Name of Fund RHB Asian Total Return Fund

Information On The SISF Asian Bond Absolute Return

Investment In Transferable Securities And Liquid Assets

- The underlying consists of securities covered by this section (A),

reference to all units issued by the UCITS/UCI concerned, all sub-funds

Treasurers (AMCT), Associate of the Chartered Institute of Bankers (ACIB). He

increased competition, increases in property taxes and operating expenses,

(which is neither an agent nor responsible to the Custodian). No certificates

Name of Fund RHB Global Fortune Fund

fundamental company analysis in an attempt to identify the most attractive

(b) Valuations based, in particular, on technical indicators and fundamentals

restricted by market conditions or as a result of regulatory limits and there is no

distribution to be made to such Holder will be the relevant amount in cash

Name of Fund RHB Global Multi Manager Fund

Temporary Defensive Positions

4.2 Automatic Termination And Merger Of RHB GoldenLife Funds

4.3 Shariah Investment Guidelines

4.4 Authorised Investments Of The Funds

4.5 Investment Restrictions

(k) The collective investment scheme has to be regulated and registered

(iii) For money market funds i.e. RHBCMF and RHBICMF

(iv) operate on the principle of prudent spread of risk and

4.6 Bases Of Valuation Of Investments Of The Fund

4.7 Policy In Respect Of Valuation Point

5. FEES, CHARGES AND EXPENSES

(b) Repurchase Charge

to the Fund will be fully refunded in cash. Accordingly, there is No Double

Equity, Balanced, Feeder

5.3 Policy On Rebates And Soft Commission

6.2 Basis Of Determining The Repurchase And Selling Prices