Hong Leong Penny Stock Fund

Hong Leong Penny Stock Fund* (HLPSF) aims to achieve large percentage gains by investing in well-managed and financially stable companies which stocks are selling at prices close to or at deep discounts to their net tangible asset values. The Fund will invest with a value investment strategy across equity securities of all market capitalisation levels of companies operating in Malaysia. Generally, companies that have valuations at a discount to the market and/ or its sector peers are selected.

 
Fund Category Equity
Fund Type Growth
Launch Date 26 April 1999
Asset Allocation
(% of Fund’s NAV)
  • Equities: Minimum 70%.
  • Fixed income securities: Maximum 30%.
Performance Benchmark FBM Emas
Investor Profile The Fund is suitable for investors who:-
  • have a higher than average risk tolerance level;
  • have a medium-term investment horizon; and
  • are able to accept the anticipated higher volatility of the Fund.
Minimum Initial Investment RM100
Minimum Subsequent Investment RM100
Specific Risks Particular security risk, credit/default risk, single issuer risk, small capitalisation companies risk and interest rate risk
Notes:
Hong Leong Penny Stock Fund was established in March 1999 after the Asian Financial Crisis in 1997/98. The usage of the words “Penny Stock” in the Fund was derived given that many stock prices listed in KLSE at that time were trading for less than one Ringgit. The name of the Fund has no direct bearing with its investment objective and strategy. The Fund’s investment objective has always been consistent where the Fund will invest with a value investment strategy across equity securities of all market capitalization levels of companies operating in Malaysia and not limiting the Fund from investing in stocks with market capitalization of up to RM1 billion that are not well covered by equity research houses and stockbrokers.

The benchmark FBM EMAS consists of 255 companies ranging from big to small market capitalization companies with a total market capitalization of RM1.48 trillion which is well represent the Fund’s overall performance.

 
Sales Charge# Up to 6% of the NAV per Unit
Redemption Charge NIL
Switching Fee NIL
Annual Management Fee# 1.50% p.a.
Annual Trustee Fee# 0.07% p.a.
Note:
The fees and charges stated are exclusive of any tax such as GST and/or other indirect or similar tax that may be payable. The Manager/Trustee (where applicable) shall have the right to charge and recover from the Fund any GST or other indirect or similar tax now or hereafter imposed by law or required to be paid in connection with the products or services provided by the Manager/Trustee (where applicable).
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    Printed copies of our prospectuses/information memorandums can be obtained from our offices or authorised agents and distributors. The unit trust funds to which the prospectuses/information memorandums relate are available only in Malaysia and to investors in Malaysia. Hong Leong Asset Management Bhd is responsible for this internet site on which the prospectuses/information memorandums are posted.

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  • Prospectus
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    Printed copies of our prospectuses/information memorandums can be obtained from our offices or authorised agents and distributors. The unit trust funds to which the prospectuses/information memorandums relate are available only in Malaysia and to investors in Malaysia. Hong Leong Asset Management Bhd is responsible for this internet site on which the prospectuses/information memorandums are posted.

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  • Product Highlights Sheet
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    Printed copies of our prospectuses/information memorandums can be obtained from our offices or authorised agents and distributors. The unit trust funds to which the prospectuses/information memorandums relate are available only in Malaysia and to investors in Malaysia. Hong Leong Asset Management Bhd is responsible for this internet site on which the prospectuses/information memorandums are posted.

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  • Invest Facts
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    Printed copies of our prospectuses/information memorandums can be obtained from our offices or authorised agents and distributors. The unit trust funds to which the prospectuses/information memorandums relate are available only in Malaysia and to investors in Malaysia. Hong Leong Asset Management Bhd is responsible for this internet site on which the prospectuses/information memorandums are posted.

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  • Brochure (English)
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    Printed copies of our prospectuses/information memorandums can be obtained from our offices or authorised agents and distributors. The unit trust funds to which the prospectuses/information memorandums relate are available only in Malaysia and to investors in Malaysia. Hong Leong Asset Management Bhd is responsible for this internet site on which the prospectuses/information memorandums are posted.

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  • Annual Report
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    Printed copies of our prospectuses/information memorandums can be obtained from our offices or authorised agents and distributors. The unit trust funds to which the prospectuses/information memorandums relate are available only in Malaysia and to investors in Malaysia. Hong Leong Asset Management Bhd is responsible for this internet site on which the prospectuses/information memorandums are posted.

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