I have asked FSM about this.
FSM won't issue annual statement for PRS funds.
PRS funds are directly under your name.
PRS provider will issue annual statement to you.
I believe PPA also has its own annual statement thingy.

Hi guys, newbie here have a noob question

Want to ask all master and sifu, will the distribution taken into consideration while choosing a fund?

TQ!

No.

What is your opinion on investing all on growth fund?

I've just successfully put my first Rm1k and looking if it's a smart move to put all under growth funds or spread it across moderate funds too?

i will opt for growth fund if im young.

I saw CIMB-Principal PRS Plus Asia Pacific Ex Japan Equity got many category
class C , class X, class A. What's the different between them? I read the descriptions all are identical.

do take note though, despite no charges for the 1st year of topup, subsequent years you will be charged rm8 per house fund if u topup.

didnt know this. thanks.
but i thought the rm8 is for PPA itself.

Class C for retail inventors.

Not sure either A or X is for institutions.

Different classes is to indicate different distribution channel

Class X is for institutional. Means company buy for employee.

Class A & C is retail investors.

Now the rest here is my guess work. Class A charges 3% sales charge, means normal customer who buys from bank staff, sales staff, will be under Class A. Hence that's why Class A fund size is the biggest.

Class C is like us who bought via FSM. (not sure what others falls under this class)

Class C charges 1.5% p.a. Fund Management Charge. Class A & X is slightly lower at 1.4%.

who is the guarantor for PRS ? it is more like buying mutual fund?

No guarantee. Yes like mutual fund.

PRS is a unit trust/mutual fund except when you compare with traditional ones, this one lock your money up until 55 years old

Fuh... finally done going through all from page 1. Learn a lot. Thanks guys. Gonna start 1 fund next month

so mind to share which one do you intend to pick next month?

I'm still mooting between CIMB Princ AP x Japan, AH Growth, AH moderate, Am Tactical Bond Class D, am Asia Pacific reits.. all oversea one bcoz I already have 1 it on local small cap. Looking to diversify and enjoy the relief and youth incentive.

Did a comparison table of shariah prs funds. I found out amprs scores higher sharpe ratio and invested in REITS unlike other funds.

Since I'm not yet reached 30 yo, gonna opt for this fund.

Well others might have different opinion but mine is this:

There are 2 sources of profit making- capital gain and distribution. You can buy a house then did nothing and sell back after some years to get profit, why don't rent them while waiting for the price to grow?

I'm not keen with fund that says there will be no distribution for this fund, I'm still young..

This post has been edited by effectz: Mar 21 2017, 10:56 PM

....
Next time,.. may I suggest explain more lah...else others may simple shoots other views or uses wrong analogy which is NOT good.

Distribution is distributing of asset which includes profits if any after minus other liabilities...

What is the net asset value (NAV)?

The price of each unit is based on the fund’s net asset value (NAV) divided by the number of units outstanding. The NAV of a fund is the market value of the fund's net assets (investments, cash and other assets minus expenses, payables and other liabilities). The NAV is usually computed daily to reflect changes in the prices of the investments held by the fund.

What is the return?
You invest in a fund by buying units in the fund. There is capital gain when the price of the units rises above the price you paid for the fund.
Some funds pay dividends, in terms of units which are reinvested (before distribution you have RM 1000 current value, after distribution you still have RM1000 in it....bcos you got extra units but at lesser NAV).

If nothing is changed on that day of distribution.....the NAV of that fund would drops to reflects the distributed amount....I think we get back abit less cos need to pay govt taxes.....if no distribution no pay taxes thus more in own asset?

in short...distribution is "Left pocket money goes into right pocket" (abit of cents are dropped in that process)(govt taxes, extra cost incurred due to distribution & other extra operational expenses)

so TS, what do you think about this?..."will the distribution taken into consideration while choosing a fund?"

do you think the analogy of buying and renting a house is correct?

if still want to use that analogy,...just add this to it, ...all the rental collected will be used to pay for the repairs, lawyer/agent fees, etc, etc.....Left pocket money goes into right pocket...

This post has been edited by T231H: Mar 22 2017, 08:11 AM

just a note...
"Past performance is not necessarily indicative of the future or likely performance of the fund"

anyway, some investors would say
"age" should not be used to determine a fund selection

while other would suggest, those below 30 yrs old should be more aggressive in their fund selection, bcos of longer investment horizon...

anyway, the choice is still yours cos you should know yourself better..."Good Luck & May the odds be with you forever".
happy investing