1

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November 2018

Phillip Funds Focus A MONTHLY NEWSLETTER EXCLUSIVELY FOR

INVESTMENT PROFESSIONALS

In US, the IHS Manufacturing Purchasing Manager Index (PMI) inched up slightly

at 55.7 in Oct 2018. Nonfarm payrolls increased by 250,000 in Oct 2018 indicates that companies in US were still adding more jobs in the market. Cost of employment increased in 3Q2018 as labour market tightening, due to accelerated private sectors salaries. On the US housing, contracts to buy previously-owned US homes rose 0.5% MoM, indicate that the recent market slump may start to stabilize. The rise in employment with higher wage growth signalled a further pick up in US growth momentum.

China’s official manufacturing PMI further soften to 50.2 in Oct 2018, from 50.8 in Sep 2018. New export orders sub-index dropped for the seventh straight month, recorded at 46.9%, amid the ongoing trade tension. The meeting between Trump and Xi Jinping in G20 Summit provides hopes for constructive solutions between the two economic giants. On the other hand, further stimulus measures are being planned in China, as economic data showed disappointing result.

In Europe, the IHS Markit Eurozone Manufacturing fell for a third month, recorded

at 52.0 in Oct 2018 compared to 53.2 in Sep 2018. Slowdown in growth was broad-based, where there was a decline in new export orders, deterioration in overall order books and fall in new work. Despite the fall in new orders, the manufacturing sector recorded a net increase in production during Oct 2018. Business confidence slumped in Oct 2018 to the lowest level since the end of 2012. The growing risk aversion, linked to the worries about the global economic environment, trade war, and political uncertainty.

All ASEAN bourses registered sharp fall in performance in Oct 2018 where

Singapore’s Straits Times index (STI) plunged the most, fell by 7.3% MoM. Followed by Thailand’s Stock Exchange Index (SET), FTSE Bursa Malaysia KLCI index (FBMKLCI), Indonesia’s Jakarta Composite index (JCI), and Philippines’ Stock Exchange index (PCOMP), fell by 5.0%, 4.7%, 2.4%, and 1.9% MoM respectively.

In view of democrats wins a simple majority on the house representative during the

recent US midterm election, we expect situation relating to US-China trade war to become better although the market will remain volatile in the next 2 to 3 months. Back to local market, the recent Budget 2019 themed “A Resurgent Malaysia, A Dynamic Economy, A Prosperous Society” was neutral. Though there were some sacrifices made from Budget 2019, it was generally within expectation as we were expecting a more punitive budget.

A Brief Synopsis Where to Look Out For… Page

…Window to the World 2

…A Peep into Malaysia 2

…Lighting Up Your Path 3

…PMB Model Portfolio 4

…Tracking Our Recommendations 5

…From the Scoreboard 6-13

Phillip Capital Management Sdn Bhd B-3-6, Block B, Level 3 Unit 6 Megan Avenue II 12 Jalan Yap Kwan Seng 50450 Kuala Lumpur Malaysia Contact No: 603 – 2783 0300 E-mail: pcm@poems.com.my

2

US: Labour Market Improved – US recorded 250,000 rise in payroll employment, above the 213,000 average for the first ten months of 2018. The recent gain reflected increased of 3.3% yoy in goods-producing jobs, 2.3% yoy in factory sector, 4.4% yoy in construction and 10.1% yoy in the mining sector. Average hourly earnings also increased by 0.2% during Oct18, raised the yoy increase to 3.1%, the strongest gain since Apr09 whilst unemployment rate kept at 3.7%.

EU: GDP slows in 3Q18 – Eurostat mentioned that the euro are

economy grew by 0.2% in 3Q18, halving from 0.4% in 2Q18.

Preliminary estimate released adding to the fears that the bloc’s

economy is losing momentum. The economy expanded by an

annualized 1.7% in the three months to September, slowing from a

upwardly revised 2.2% in the second quarter, missing forecasts of

1.9%.

China: Export robust as Front-Loading kicks in – China’s export in

Oct18 rose 15.6% yoy, picked up from +14.5% in Sept18 as shippers

rushed goods to the U.S., its biggest trading partner in effort to beat

higher tariff rates that is due to kick in at the start of 2019. Container

ship rates from China to the U.S. West Coast remained near record

highs, suggesting shipments will remain solid well into Nov18 and

possibly early Dec18. China’s exports to the U.S. rose 13.2% from a

year earlier in October.

Window to the World

A Peep into Malaysia Source: Bloomberg Note: Percentage changes are in local currencies FBMKLCI decreased further by 4.7% MoM – Looking at the trading

participants for the month, foreign investors became net seller, sold

RM1.4bil worth of shares in Oct18. Both local retailer and local

institution were buying RM707mil worth of shares each. On year-to-

date (YTD) basis, foreign investors remain as the net seller, selling

RM9.7bil whilst the local institutions and local retailers are the net

buyer, buying RM7.0bil and RM2.8bil worth of shares respectively.

Sept18 Exports recovered but the momentum is weak – Export

growth in MYR term rebounded in Sept18, gaining 6.7% yoy after

suffering a 0.3% yoy drop in Aug18. Electrics & Electronics (E&E)

picked up slightly, to register a growth of 6.5% yoy, from +3.2% yoy in

Aug18. This is supported by stronger exports of electrical machinery &

apparatus (mostly semiconductors) and a rebound in

telecommunication & sound recording. Commodity export also

rebounded stronger, to grow by 5.6% yoy, after declining for three

consecutive months. This is on the back of recovery in LNG exports

and smaller drop in palm oil export which somewhat offset by slower

growth in crude oil exports.

Malaysia Budget 2019 – Restoring the Malaysian Economy as an

Asian Tiger – Tabled on 2Nov18 by the Finance Minister, the new

government’s budget focusses on optimal allocation efficiency. Various

measures are taken to raise revenues ranging from new tax measures,

revision of existing tax measures and non-tax measures. A range of

new tax initiatives were introduced such as service tax on imported

online services, soda tax, departure levy on outbound travellers, new

tiered levy system on foreign labour and digital tax (which is expected

to be implemented from 1Jan20). As for the existing tax, the new

administration has raised the rates for gaming tax, fees and levy as

well as real property gains tax including property stamp duty.

Meanwhile, the disposal of non-core assets, plan scheduled &

staggered land sales through auction and open tender mechanism for

Private Partnership Projects public projects will also be constantly

carried by the new administration. The fiscal deficit for 2018 was

revised higher with targets of 3.7% of GDP and 3.4% of GDP for 2019.

M-o-M

(%)

YTD (%)

China

-7.8%

-21.3%

Hong Kong

-10.1% -16.5%

Japan

-9.1% -3.7%

Malaysia

-4.7% -4.9%

South Korea

-13.4% -17.7%

US -5.1% 1.6%

Markets Performance

DXY Index performance: M-o-M: 2.1%, YTD: 5.4%

Source: Bloomberg

3

In search of silver lining among the dark clouds,

October month saw one of the sharpest one-month declines for global equities since May12. The US Dow Jones Industrial Average fell 5.1% mom while the China’s Shanghai Stock Exchange Composite Index tumbled 7.8% mom. Other Asian benchmarks, such as Hong Kong’s Hang Seng Index, Japan’s Nikkei 225 and Korea’s KOSPI dropped in the range of 9%-13%. The US dollar gained 2.1% in Oct18, where other currencies generally depreciated against the green back. The Thai Baht, Indian Rupee and Indonesia Rupiah saw even greater depreciation against the dollar, ranging from 2%-3%, whilst the Ringgit depreciated 1.1% versus the Dollar, to close the month at MYR 4.1842/USD. In view of the Democrats wins a simple majority on the house representative during the recent US midterm election, we expect situation relating to US-China trade war to become better although the market will remain volatile in the next 2 to 3 months. Redemption back to developed nation may continue as US Fed is broadly expected to raise another 25bps during its Dec18 meeting. In Malaysia, Budget 2019 came in as neutral in our view, as we were expecting broadly punitive budget as both the Prime Minister and Finance Minister alluded a budget with more taxes and “…expect some pain and even offer some sacrifice” during the Malaysia: A New Dawn Investors’ Conference, a month ago. At the same time, it is within expectation that it is unlikely for the new government to attain fiscal deficit consolidation to 2.8% or RM39.8bn of GDP for the year 2018, as budgeted by the previous government. As such, the fiscal deficit for 2018 has been revised to 3.7% of GDP due to implementation of SST to replace GST, which has led to lower tax revenue collections and also after taking into account of the unbudgeted items arising from such as interest servicing cost for 1MDB debts, compensation for the acquisition of Eastern Dispersal Link in Johor including rail projects as well as some GST refunds made. For 2019, the new Pakatan Harapan government expects 2019 fiscal deficit to contract to 3.4% through prudent spending and one-off special dividend contribution of RM30bn from Petronas. We maintain our allocation as we have raised slight cash earlier as part of our tactical allocation.

Lighting Up Your Path

4

Actual PMB Model Portfolio* Illustrative PMB Islamic Model Portfolio*

Asset Allocation Return Asset Allocation Return

Aug-18 Sep-18 Oct-18 Nov-18 Oct-18 Aug-18 Sep-18 Oct-18 Nov-18 Oct-18

Eastspring Investments Equity Income

15% 15% 15% 15% -4.3% Affin Hwang Aiiman Equity

20% 20% 20% 20% -5.2%

Phillip Master Equity Growth

20% 20% 20% 20% -8.2% Dana Makmur Pheim

25% 25% 25% 25% -4.8%

Kenanga Malaysian Inc

5% 5% 5% 5% -6.0% CIMB Islamic Asia Pacific Equity

15% 15% 10% 10% -10.7%

CIMB Principal Greater China Equity

5% 5% 5% 5% -10.3% Eastspring Investments Dana Al-Ilham

20% 20% 20% 20% -4.7%

Manulife India 6% 6% 3% 3% -4.5% Eastspring Investments Dinasti Equity

12% 12% 12% 12% -10.5%

RHB -GS US Equity

8% 8% 8% 8% -5.4% Aberdeen Islamic World Equity

5% 5% 5% 5% -6.5%

RHB Entrepreneur

7% 7% 7% 7% -10.4% Phillip Master Islamic Cash 3% 3% 8% 8% 0.3%

AmSchroders European Equity Alpha

10% 10% 5% 5% -4.8%

Affin Hwang Select Asia (ex Japan) Opportunity

11% 11% 8% 8% -6.3%

Dana Makmur Pheim

10% 10% 15% 15% -4.8%

Phillip Master Money Market

3% 3% 9% 9% 0.3%

Total: 100% 100% 100% 100% Total: 100% 100% 100% 100%

Performance Table - Conventional

Performance Table - Islamic

1mth 6mths 1Yr 3Yrs Since Incept

1mth 6mths 1Yr 3Yrs Since Incept

Actual PMB Model Portfolio*

-8.1% -7.8% -12.5% 5.9% 98.9% Actual PMB Islamic Model Portfolio*

-5.8% -5.2% -6.7% 0.1% 48.1%

Benchmark -6.1% -9.7% -6.6% 1.7% 40.4% Benchmark -7.2% -10.6% -10.0% -5.0% 39.8%

PMB Model Portfolio

Source: PCM

Source: PCM

Source: PCM Source: PCM

Source: PCM

Source: PCM

5

M-o-M YTD M-o-M YTD

1 Eastspring Investments Equity Income -4.3 -3.1 C 21 Affin Hwang AIIMAN Equity -5.2 -12.7 C

2 Kenanga Malaysian Inc -6.0 -12.4 C 22 BIMB I Growth -11.0 -10.1

3 Kenanga Growth -6.1 -15.0 23 Dana Makmur Pheim -4.8 -4.8 C

4 Phillip Master Equity Growth -8.2 -18.8 C 24 Eastspring Investments Dana al-Ilham -4.7 -5.7 C

25 Kenanga Syariah Growth -6.2 -11.2

26 MIDF Amanah Islamic -4.9 -14.0

5 Affin Hwang Select Balanced -3.2 -5.3

27 AmBon Islam 0.3 3.4

6 AMB Income Trust 0.3 3.1

7 AmBond 0.4 3.4

28 Aberdeen Islamic World Equity (Class A) -6.5 -4.7

29 CIMB Islamic Asia Pacific Equity -10.7 -17.7 C

8 Affin Hwang Select Dividend -4.3 -9.4 30 Eastspring Investments Dinasti Equity -10.5 -16.9 C

9 Affin Hwang Select Opportunity -4.0 -11.3

10 Affin Hwang Select Asia ex-Japan Opportunity -6.3 -16.1 C

11 CIMB-Principal Asia Pacific Dynamic Income -8.5 -13.7 C 31 CIMB Islamic Balanced Growth -3.5 -5.2

12 CIMB Principal Greater China Equity -10.3 -15.2 C

13 Eastspring Investments Asia Pacific Equity -10.6 -16.4 C

14 Manulife India Equity -4.5 -11.4 C 32 Phillip Master Money Market 0.3 3.0 C

15 RHB Entrepreneur -10.4 -6.6 C 33 Phillip Master Islamic Cash 0.3 2.1 C

34 MIDF Amanah Shariah Money Market 0.3 2.9

16 Eastspring Investments Asia Select Income -2.4 -5.2

35 AmGlobal Property Equities -2.8 5.8

36 Precious Metals Securities 3.3 -10.9

37 Manulife Investment Asia Pacific REIT -5.2 -3.4

17 CIMB Global Titans -6.4 -2.5

18 Eastspring Investments Global Emerging -8.1 -16.4

19 RHB-GS US Equity -5.4 0.4 C

20 AmSchroders European Equity Alpha -4.8 -10.7 C

Name% Growth

Name% Growth

MALAYSIA - CONVENTIONAL MALAYSIA - ISLAMIC

Equity Equity 

Mixed Assets

 Fixed Income

Fixed Income

Mixed Assets

GLOBAL - CONVENTIONAL

OTHER

Equity

GLOBAL - ISLAMIC

Equity

ASIA - CONVENTIONAL

Equity

Mixed Assets

MONEY MARKET

Generally, funds that are invested in Asia region succumbed to the selling pressure as contagion risk spooked investors. The sharp 30% plunge in Argentina’s peso (ARS) between late Jul18 and early Sept18, and the 50% depreciation of the Turkish lira (TRY), has raised concerns about the risk of a contagion effect among emerging economies currencies. On top of that, China GDP recorded at 6.5%growth for 3Q18 (vs 6.6% expectation) added to investors fear that China economy is losing its momentum. The second quarter sequential growth for China was revised down from the previously reported 1.8%, suggesting the economy carried over less momentum into the second half of 2018. Faced with rising headwinds to the economy, policymakers are shifting their priorities to reducing risks to growth by gradually easing monetary and fiscal policy. Chinais expected to maintain China GDP growth at around 6.5%.

Funds invested in Malaysia were not sparred from the contagion risk as all funds within our tracking recommendation for Malaysia exposure recorded a negative return, in tandem with FBMKLCI and FBM EMAS which fell 4.7% and 6.1% respectively in Oct18. However, Malaysia still enjoy a current account surplus which put it in a better position to weather volatility in the stocks markets, despite the budget deficit was revised higher to 3.7% of GDP in 2018, before narrowing to 3.4% of GDP in 2019 during the recent Budget 2019 announcement.

AmSchroders European Equity Alpha fund recorded a negative return of 4.8% as the preliminary estimate of Eurozone GDP released adding the fears that the bloc’s economy is losing momentum. Eurostat mentioned that the euro economy grew by 0.2% in 3Q18, halving from 0.4% in 2Q18. The economy expanded by an annualized 1.7% in the three months to September, slowing from a upwardly revised 2.2% in the second quarter, missing forecasts of 1.9%.

For Fixed Income Category, we are of the view that risk-averse investors may want to take this chance to explore opportunity in quality bonds as developed nations are looking forward to increase its interest rate as US Fed has increased its Fed Fund Rate by 75bps this year and anticipated to reach 2.375% at the end of 2018 during Dec18 FOMC meeting.

Source: Lipper Note: C Preferred

6

Name

Launch

Date

6-MTH (%)

RETURN

YTD (%)

1-YR

(%)

3-YR

(%)

STD DEV

1-YR (%)

RTN/

RISK

RANK

ABS

(1-YR)

RANK

RAR

(1-YR)

Malaysia, Equity-Growth

E Affin Hwang Equity 29/4/1993 -5.37 -7.09 -5.71 16.83 9.71 -0.559 15 22

Affin Hwang Growth 28/6/2011 -5.44 -7.55 -6.15 14.41 9.63 -0.612 21 27

Affin Hwang Principled Growth 22/7/2009 -5.67 -7.56 -5.99 16.34 9.58 -0.599 19 26

E Affin Hwang Select Dividend 28/3/2011 -7.79 -6.07 -4.83 19.69 8.22 -0.564 11 23

E Affin Hwang Select Opportunity 7/9/2001 -8.66 -7.04 -6.50 21.28 9.41 -0.669 26 31

E AMB Dividend Trust 6/6/2006 -2.86 -4.22 -4.36 7.18 7.66 -0.545 10 19

E AMB Ethical Trust 7/1/2003 1.88 7.60 10.93 29.37 11.48 0.960 1 1

AMB Index-Linked Trust 16/5/2002 -2.75 -3.84 -3.85 10.91 7.02 -0.525 9 18

E AMB Unit Trust 26/3/1992 -8.72 -6.63 -3.82 6.19 12.84 -0.243 8 8

AMB Value Trust A MYR 7/1/2003 -4.56 -8.37 -6.33 9.99 14.01 -0.401 23 11

E AmDividend Income 28/3/2005 -8.96 -9.09 -6.43 13.92 10.96 -0.554 24 21

E AmMalaysia Equity 15/10/2001 -2.60 -1.34 2.23 22.50 8.01 0.312 3 3

AmTotal Return 10/1/1989 -4.52 -12.05 -9.04 9.74 12.58 -0.692 33 33

E CIMB-Principal Equity 1/8/1995 -4.38 -6.06 -4.99 16.98 9.36 -0.502 12 16

E CIMB-Principal Equity Aggressive 3 12/3/1998 -9.69 -14.50 -9.86 3.56 15.00 -0.619 34 28

E CIMB-Principal Equity Growth & Income 15/5/1991 -6.44 -10.08 -8.89 21.97 13.16 -0.644 32 29

E Eastspring Investments Equity Income 18/10/2004 -8.01 -14.05 -11.66 11.75 11.46 -1.023 35 36

E Eastspring Investments Growth 29/5/2001 -6.86 -11.26 -8.48 19.37 9.82 -0.853 31 35

E Eastspring Investments MY Focus 1/3/2011 -2.34 1.58 6.32 18.11 8.34 0.775 2 2

E KAF Core Income 2/9/2004 -6.02 -7.52 -5.97 2.79 12.27 -0.442 18 13

KAF Tactical 2/9/2004 -9.22 -13.84 -13.31 9.42 8.83 -1.565 36 41

E Kenanga Growth 17/1/2000 -4.23 -9.81 -7.99 11.04 11.37 -0.676 30 32

E Kenanga Malaysian Inc 9/11/2007 -10.83 -17.68 -17.41 -1.52 11.18 -1.645 40 42

Kenanga OA Inv-Kenanga Blue Chip 23/4/2004 -8.54 -7.53 -6.05 11.22 8.96 -0.653 20 30

E Kenanga Premier 26/11/1996 -10.75 -9.02 -6.25 4.75 12.24 -0.468 22 14

E Libra DividendEXTRA 18/3/2005 -6.73 -1.95 1.10 8.58 12.63 0.145 4 4

Libra EquityEXTRA 10/9/1999 -14.98 -16.56 -15.45 -6.10 20.80 -0.698 37 34

Manulife Equity Plus 29/12/2009 -9.89 -7.58 -5.07 12.43 12.35 -0.363 14 9

Maybank Q-Opportunities 4/7/2011 -10.95 -9.14 -5.85 6.62 13.80 -0.372 16 10

E MIDF Amanah Dynamic 5/5/1976 -13.72 -18.63 -19.17 -15.06 13.61 -1.486 42 40

E MIDF Amanah Growth 2/12/1966 -11.41 -18.42 -15.72 -2.59 14.18 -1.132 38 38

Pacific Dividend 18/11/2003 -9.18 -7.88 -5.94 0.96 10.75 -0.519 17 17

Pacific Focus18 16/6/2005 -8.82 -9.48 -7.51 -16.20 12.17 -0.582 29 25

Pacific Millennium 15/4/1999 -7.28 -3.16 -0.18 7.01 11.01 0.035 5 5

Pacific Premier 10/8/1995 -9.71 -9.63 -6.59 -1.83 10.80 -0.579 28 24

Pacific Recovery 15/4/1999 -8.27 -8.49 -6.56 4.69 11.24 -0.549 27 20

Phillip Master Equity Growth 18/6/2003 -7.66 -19.13 -17.16 19.17 14.56 -1.215 39 39

RHB Capital 12/4/1995 -13.07 -16.87 -18.04 -4.18 17.26 -1.061 41 37

RHB Equity 8/8/1996 -11.20 -29.87 -34.31 -38.73 10.97 -3.713 45 45

RHB KLCI Tracker 3/4/2000 -8.05 -4.03 -0.86 6.49 13.36 -0.003 6 6

RHB Malaysia DIVA 3/5/1999 -9.56 -11.41 -6.45 -1.36 12.59 -0.468 25 15

RHB Malaysia Dividend 4/3/2008 -9.89 -24.19 -27.03 -25.87 10.96 -2.788 44 44

E RHB Smart Treasure 7/9/2004 -8.96 -21.54 -26.31 -30.90 10.98 -2.695 43 43

E TA Comet 1/10/1999 -5.52 -6.54 -5.00 4.13 11.23 -0.404 13 12

E TA Growth 1/7/1996 -6.39 -4.61 -2.96 5.76 10.70 -0.231 7 7

Average

-7.66 -9.82 -8.21 5.80 11.53 -0.70

Malaysia, Equity-Islamic Growth

E Affin Hwang Aiiman Equity 1/8/2007 -6.73 -13.36 -10.75 8.06 10.83 -0.995 11 18

E Affin Hwang Aiiman Growth 8/10/2002 -4.63 -7.48 -7.33 7.51 7.91 -0.922 4 16

E AmanahRaya Islamic Equity 23/4/2008 -15.91 -21.14 -19.34 -13.00 15.95 -1.259 30 26

E AMB Dana Yakin 24/11/2000 -9.89 -15.00 -12.14 -2.93 11.05 -1.113 14 20

AMB Shariah Value Plus A-MYR 16/6/2015 -12.15 -14.96 -14.30 -6.94 13.54 -1.069 22 19

E AmIslamic Growth 10/9/2004 -15.79 -28.64 -31.31 -28.02 15.94 -2.246 32 32

E AmIttikal 12/1/1993 9.56 -12.94 -12.31 9.30 20.43 -0.543 15 5

BIMB i Dividend 18/3/2011 -2.22 -10.25 -8.46 10.97 -0.751 7 11

BIMB i Growth 30/6/1994 -6.55 -11.42 -10.67 -2.20 13.89 -0.744 10 10

BIMB-Arabesque Malaysia Shariah-ESG 9 /3/2017 -6.01 -10.60 -9.72 2.02 14.21 -0.650 8 6

Tracking our Recommendations From the Scoreboard

7

Equity MYR

Name

Launch

Date

6-MTH (%)

RETURN

YTD (%)

1-YR

(%)

3-YR

(%)

STD DEV

1-YR (%)

RTN/

RISK

RANK

ABS

(1-YR)

RANK

RAR

(1-YR)

E CIMB Islamic Al-Azzam Equity 1/8/2012 -3.35 -3.98 0.20 5.64 8.45 0.062 1 1

E CIMB Islamic Equity Aggressive 15/6/1995 -3.60 -14.95 -13.78 12.10 -1.162 21 22

E Eastspring Investments Dana al-Ilham 14/8/2002 -8.44 -15.01 -16.11 -12.49 13.38 -1.240 24 25

Eastspring Investments Islamic Small-Cap

25/5/2017 -9.62 -16.89 -16.11 -8.85 12.23 -1.368 25 27

KAF Dana Adib 25/3/2004 -10.90 -16.06 -15.23 -5.38 12.89 -1.212 23 24

E Kenanga Islamic 15/8/2002 -6.76 -13.81 -12.44 -3.96 13.98 -0.879 16 13

E Kenanga OA Inv-Kenanga Ekuiti Islam 23/4/2004 -5.79 -10.46 -8.28 0.81 10.23 -0.794 6 12

E Kenanga OA Inv-Kenanga Shariah Growth Opps

23/4/2004 -10.62 -18.23 -16.52 -0.87 10.14 -1.719 26 29

E Kenanga Syariah Growth 29/1/2002 -9.01 -9.74 -9.98 2.41 10.99 -0.901 9 14

Manulife Shariah-Dana Ekuiti 27/5/2013 -12.42 -11.98 -12.85 -10.00 17.98 -0.673 17 8

Maybank Malaysia Equity-I 8/1/2014 -7.86 -15.72 -18.78 -7.78 10.27 -1.959 29 31

E MIDF Amanah Islamic 14/5/1971 -6.73 -14.65 -12.05 -1.08 10.30 -1.193 13 23

Pacific Dana Aman 16/4/1998 -12.07 -14.46 -13.21 -12.00 14.52 -0.902 19 15

PMB Dana Al-Aiman 19/5/1997 -10.04 -14.45 -18.70 -20.98 13.56 -1.450 28 28

PMB Dana Bestari 3/10/2002 -7.91 -10.37 -11.32 -14.20 15.13 -0.719 12 9

PMB Dana Mutiara 5/8/2004 7.84 -11.14 -7.58 -8.41 18.60 -0.333 5 2

PMB Shariah Index 25/3/2002 -8.32 -7.28 -5.62 -0.94 12.44 -0.406 2 4

PMB Shariah Mid-Cap 20/4/1992 -1.08 -11.08 -13.12 -13.72 11.93 -1.116 18 21

PMB Shariah Small-Cap 16/5/2016 -0.84 -20.19 -17.66 17.95 -0.987 27 17

RHB Dana Islam 26/10/2001 -12.84 -18.22 -19.99 -15.96 12.26 -1.745 31 30

TA Dana Fokus 17/6/2008 0.02 -12.05 -13.43 -2.56 19.08 -0.663 20 7

TA Islamic 24/4/2001 -1.00 -7.19 -6.09 -1.49 14.89 -0.352 3 3

Average -6.61 -13.55 -12.97 -5.45 13.38 -1.00

Malaysia Equity Small Cap

E CIMB-Principal Small Cap 20/4/2004 0.99 -15.55 -19.00 -2.24 20.09 -0.945 5 2

E Eastspring Investments Small-cap 29/5/2001 -1.68 -13.61 -12.91 10.90 10.31 -1.286 2 6

InterPac Top30 EX100 22/8/2018

E KAF Vision 1/3/2000 -12.11 -25.71 -28.05 -13.50 15.78 -1.982 8 8

E Kenanga OA Inv-Kenanga Growth Opportunities

23/4/2004 -5.47 -15.27 -15.15 -6.07 15.55 -0.975 4 3

Maybank SmallCap Trust 3/3/2004 -11.16 -15.47 -14.35 9.12 13.63 -1.065 3 4

E MIDF Amanah Strategic 1/6/1970 1.01 -17.77 -21.43 -8.05 17.92 -1.248 7 5

Pacific Pearl 6/1/1997 -9.04 -17.41 -20.66 -23.85 12.67 -1.751 6 7

E RHB Emerging Opportunity 18/5/2004 -17.58 -32.29 -34.94 -32.51 12.28 -3.379 10 10

E RHB Small Cap Opportunity 20/4/1998 -13.94 -30.05 -33.90 -24.52 12.59 -3.172 9 9

TA Small Cap 9/2/2004 -2.52 -5.64 -4.88 6.18 11.99 -0.361 1 1

Average -7.15 -18.88 -20.53 -8.45 14.28 -1.62

Asia Equity Offshore

Advantage BRIC 19/10/2010 -3.06 -4.30 -5.21 44.75 14.67 -0.297 25 23

Affin Hwang Absolute Return III 18/11/2014 -9.61 -10.69 -10.78 11.47 10.16 -1.071 35 39

Affin Hwang Select Asia (ex Japan) Opportunity AUD

18/7/2018

Affin Hwang Select Asia (ex Japan) Opportunity GBP

18/7/2018

Affin Hwang Select Asia (ex Japan) Opportunity SGD

18/7/2018

Affin Hwang Select Asia (ex Japan) Opportunity USD

18/7/2018

Affin Hwang Select Asia (ex Japan) Quantum AUD

18/7/2018

Affin Hwang Select Asia (ex Japan) Quantum GBP

18/7/2018

Affin Hwang Select Asia (ex Japan) Quantum SGD

18/7/2018

Affin Hwang Select Asia (ex Japan) Quantum USD

18/7/2018

Affin Hwang Structured Income 9 18/10/2016 2.83 6.12 8.28

1.43 5.595 2 3

Affin Hwang World Series - EU Unconstrained EUR

9/11/2015 1.94 0.85 -0.92

11.57 -0.026 16 15

Affin Hwang World Series - Global Equity SGD

23/11/2015 -0.96 2.24 2.95

11.17 0.313 9 9

AmAsia Pacific Leisure Dividend 25/2/2013 -9.46 -12.66 -13.03 5.20 7.75 -1.755 42 51

E AmAsia Pacific REITs B MYR 18/7/2011 2.29 -2.35 -1.50 18.06 6.69 -0.195 19 19

E AmAsia Pacific REITs Plus 1/7/2013 -2.58 -7.58 -7.16 5.61 6.08 -1.189 28 43

8

Name

Launch

Date

6-MTH (%)

RETURN YTD (%)

1-YR (%)

3-YR (%)

STD DEV 1-YR (%)

RTN/ RISK

RANK ABS

(1-YR)

RANK RAR

(1-YR)

E AmAsia-Pacific Property Equities 18/7/2006 -4.85 -6.18 -6.63 0.48 8.75 -0.741 27 29

AmGlobal Property Equities 25/10/2005 4.72 1.87 1.04 9.26 9.10 0.156 11 12

E AmPan European Property Equities 6/3/2007 -2.69 -2.46 1.48 5.50 11.70 0.180 10 10

E AmSchroders European Equity Alpha 8/8/2006 -7.63 -8.26 -10.69 5.04 11.70 -0.908 34 35

Amundi Equity Emerging Focus USD 14/2/2017 -17.04 -18.39 -14.73 14.75 -1.005 49 37

ASEAN 5 ESG Opportunity MYR 31/1/2017 -10.43 -12.34 -12.46 13.70 -0.902 40 34

CIMB-Principal ASEAN Total Return USD 3/3/2015 -13.06 -9.61 -4.61 30.23 13.14 -0.298 24 24

CIMB-Principal Asia Pacific Dynamic Growth - USD

25/4/2016 -19.12 -18.86 -14.49 15.57 -0.925 47 36

CIMB-Principal Asia Pacific Dynamic Income MYR

25/4/2011 -9.99 -10.75 -11.09 18.00 11.02 -1.010 36 38

CIMB-Principal China Direct Opportunities MYR

8/3/2018 -27.47

CIMB-Principal China Direct Opportunities SGD

8/3/2018 -28.87

CIMB-Principal China Direct Opportunities USD

8/3/2018 -31.99

E CIMB-Principal Global Titans 18/7/2005 0.43 -0.75 -2.85 12.53 10.70 -0.220 22 20

CIMB-Principal Total Return Bond 3 11/7/2016 2.25 3.04 3.51 0.45 7.676 7 2

Eastspring Investments APAC ex-Japan Target Return

10/10/2014 -7.91 -13.07 -11.90 1.54 9.57 -1.272 38 45

Eastspring Investments Global Emerging 11/1/2008 -10.72 -13.59 -14.04 15.46 10.93 -1.323 45 46

Franklin U.S. Opportunities MYR 8/5/2013 0.18 5.68 6.70 29.25 14.76 0.510 4 7

E Global Agribusiness 3/5/2007 3.67 -2.26 -1.91 5.30 11.19 -0.120 21 18

Global Dividend - USD 11/4/2016 -1.33 -2.50 -1.26 8.06 -0.120 17 17

Global Emerging Market Opportunities 18/3/2008 -11.29 -12.41 -13.89 14.30 10.40 -1.380 43 48

Kenanga AUD Alternative Income 1 AUD 26/9/2017 2.62 4.77 5.49 0.65 8.272 5 1

E Kenanga Global Dividend 19/3/2007 1.58 0.78 -0.23 10.72 7.86 0.007 14 14

Kenanga Global Opportunities 21/6/2010 -11.15 -21.15 -25.15 -33.76 11.92 -2.344 55 53

Libra Consumer and Leisure Asia 18/7/2007 -10.52 -13.78 -17.82 -12.41 11.14 -1.694 53 50

Libra Resource Equity 18/3/2011 -6.88 -9.37 -14.68 1.71 16.61 -0.872 48 33

Manulife Flexi Growth and Income 18/8/2016 -10.38 -16.71 -15.19 11.46 -1.374 50 47

Manulife Global Resources 7/1/2010 -9.12 -13.07 -12.08 2.00 16.86 -0.681 39 28

Manulife Investment Asia-Pacific REIT 7/6/2007 -0.64 -5.08 -3.18 20.90 9.72 -0.287 23 22

Manulife Investment U.S. Equity 21/10/2009 9.72 4.94 4.74 23.95 10.38 0.494 6 8

E Pacific Asia Brands 20/1/2006 -3.83 -7.38 -9.76 -4.61 8.37 -1.182 33 42

Pacific Glb Agriculture, Infra And Resources

12/4/2010 -2.76 -8.86 -13.94 -4.65 9.15 -1.588 44 49

E Pacific Global Stars 20/7/2006 -2.21 -6.59 -7.65 -3.09 9.78 -0.766 30 30

Pacific Real Opportunities Absolute Return

21/4/2016 -5.19 -10.13 -14.13 7.24 -2.058 46 52

RHB Energy 23/3/2009 1.00 4.02 6.77 23.33 5.53 1.215 3 4

RHB European Select 3/3/2015 -2.35 -5.54 -9.16 1.96 10.73 -0.842 31 32

E RHB Global Equity Yield 9/11/2005 0.72 -4.19 -5.60 5.75 10.62 -0.492 26 25

RHB Global Macro Opportunities USD 1/6/2016 -3.30 -0.87 -1.74 6.82 -0.227 20 21

E RHB Global New Stars 24/1/2007 -12.18 -16.45 -17.15 -12.05 14.02 -1.265 52 44

RHB Gold And General 21/7/2009 -7.85 -14.23 -12.65 32.05 15.07 -0.823 41 31

E RHB Goldenlife 2020 21/2/2005 -3.32 -12.84 -15.22 -15.65 6.71 -2.414 51 55

E RHB Goldenlife 2030 21/2/2005 -6.72 -16.62 -20.85 -16.61 9.64 -2.357 54 54

RHB Pre-IPO & Special Situation 2 22/7/2014 -14.21 -14.80 -9.66 -17.22 16.47 -0.533 32 26

RHB Pre-IPO & Special Situation 3-MYR 5/10/2015 -0.42 0.84 0.57 1.58 4.05 0.160 13 11

RHB Private Equity Opportunity 1 28/7/2016 1.05 4.56 3.29 2.79 1.176 8 5

RHB US Focus Equity 15/10/2010 -2.42 -5.24 -1.30 24.42 11.69 -0.057 18 16

RHB-GS US Equity 18/5/2011 3.73 4.87 9.13 23.72 10.93 0.853 1 6

E TA European Equity 20/3/2007 -7.07 -8.57 -11.58 -1.92 10.67 -1.097 37 41

TA Global Technology 26/5/2011 2.69 2.52 0.81 30.60 14.46 0.123 12 13

Templeton Global Equity MYR A 13/4/2015 -7.99 -7.69 -5.36 6.90 12.17 -0.395

United Global Quality Equity MYR Hedged

26/9/2016 -1.57 2.32 4.00 11.12 0.405

United Golden Opportunity USD 7/11/2016 -8.66 -9.13 -7.41 6.83 -1.091 29 40

United Target Income Bond 7 18/7/2016 0.64 -0.46 -0.62 1.05 -0.583 15 27

United Trigger Bond 26/5/2014

Average -5.48 -6.11 -6.18 7.79 9.96 -0.22

Equity Offshores-Others

Affin Hwang Absolute Return III 18/11/2014 -9.61 -10.69 -10.78 11.47 10.16 -1.071 31 33

Affin Hwang Income Focus 1 24/8/2017 2.03 -0.58 -0.45 2.46 -0.173 13 16

9

Name

Launch

Date

6-MTH (%)

RETURN

YTD (%)

1-YR

(%)

3-YR

(%)

STD DEV

1-YR (%)

RTN/

RISK

RANK

ABS

(1-YR)

RANK

RAR

(1-YR)

Affin Hwang Structured Income 9 18/10/2016 2.83 6.12 8.28 1.43 5.595 2 2

Affin Hwang World Series - Global Quantum AUD

18/1/2018 -2.17

Affin Hwang World Series - Global Quantum GBP

18/1/2018 -0.96

Affin Hwang World Series - Global Quantum MYR

18/1/2018 -1.94

Affin Hwang World Series - Global Quantum SGD

18/1/2018 -3.92

Affin Hwang World Series - Global Quantum USD

18/1/2018 -8.07

AmAsia Pacific Leisure Dividend 25/2/2013 -9.46 -12.66 -13.03 5.20 7.75 -1.755 37 43

E AmAsia Pacific REITs B MYR 18/7/2011 2.29 -2.35 -1.50 18.06 6.69 -0.195 17 17

E AmAsia Pacific REITs Plus 1/7/2013 -2.58 -7.58 -7.16 5.61 6.08 -1.189 24 36

E AmAsia-Pacific Property Equities 18/7/2006 -4.85 -6.18 -6.63 0.48 8.75 -0.741 23 25

AmGlobal Property Equities 25/10/2005 4.72 1.87 1.04 9.26 9.10 0.156 9 10

E AmPan European Property Equities 6/3/2007 -2.69 -2.46 1.48 5.50 11.70 0.180 8 8

E AmSchroders European Equity Alpha 8/8/2006 -7.63 -8.26 -10.69 5.04 11.70 -0.908 30 30

CIMB-Principal Asia Pacific Dynamic Growth - AUD

25/4/2016 -13.93 -10.56 -7.48 12.23 -0.575

CIMB-Principal Asia Pacific Dynamic Growth - MYR

25/4/2016 -13.72 -16.06 -15.45 12.32 -1.293

CIMB-Principal Asia Pacific Dynamic Growth - SGD

25/4/2016 -15.46 -15.84 -13.02 12.94 -1.010

CIMB-Principal Asia Pacific Dynamic Growth - USD

25/4/2016 -19.12 -18.86 -14.49 15.57 -0.925 41 31

CIMB-Principal Asia Pacific Dynamic Income MYR

25/4/2011 -9.99 -10.75 -11.09 18.00 11.02 -1.010 32 32

CIMB-Principal Asia Pacific Dynamic Income SGD

9/9/2015 -11.68 -10.29 -8.24 20.33 11.39 -0.699

CIMB-Principal Asia Pacific Dynamic Income USD

9/9/2015 -15.50 -13.51 -9.79 21.93 14.02 -0.667

E CIMB-Principal Global Titans 18/7/2005 0.43 -0.75 -2.85 12.53 10.70 -0.220 19 18

CIMB-Principal Total Return Bond 3 11/7/2016 2.25 3.04 3.51 0.45 7.676 6 1

Eastspring Investments APAC ex-Japan Target Return

10/10/2014 -7.91 -13.07 -11.90 1.54 9.57 -1.272 34 39

Eastspring Investments Global Emerging Markets

11/1/2008 -10.72 -13.59 -14.04 15.46 10.93 -1.323 39 40

Franklin U.S. Opportunities MYR 8/5/2013 0.18 5.68 6.70 29.25 14.76 0.510 4 6

E Global Agribusiness 3/5/2007 3.67 -2.26 -1.91 5.30 11.19 -0.120 18 15

Global Dividend - USD 11/4/2016 -1.33 -2.50 -1.26 8.06 -0.120 15 14

Global Emerging Market Opportunities 18/3/2008 -11.29 -12.41 -13.89 14.30 10.40 -1.380 38 41

E Kenanga Global Dividend 19/3/2007 1.58 0.78 -0.23 10.72 7.86 0.007 12 12

Kenanga Global Opportunities 21/6/2010 -11.15 -21.15 -25.15 -33.76 11.92 -2.344 47 45

Kenanga Growth Series 2 MYR 28/5/2018

Kenanga Growth Series 2 USD 28/5/2018

Libra Consumer and Leisure Asia 18/7/2007 -10.52 -13.78 -17.82 -12.41 11.14 -1.694 45 42

Libra Resource Equity 18/3/2011 -6.88 -9.37 -14.68 1.71 16.61 -0.872 42 29

Manulife Global Resources 7/1/2010 -9.12 -13.07 -12.08 2.00 16.86 -0.681 35 24

Manulife Investment Asia-Pacific REIT 7/6/2007 -0.64 -5.08 -3.18 20.90 9.72 -0.287 20 19

Manulife Investment U.S. Equity 21/10/2009 9.72 4.94 4.74 23.95 10.38 0.494 5 7

E Pacific Asia Brands 20/1/2006 -3.83 -7.38 -9.76 -4.61 8.37 -1.182 28 35

E Pacific Global Stars 20/7/2006 -2.21 -6.59 -7.65 -3.09 9.78 -0.766 25 26

Pacific Real Opportunities Absolute Return

21/4/2016 -5.19 -10.13 -14.13 7.24 -2.058 40 44

RHB Energy 23/3/2009 1.00 4.02 6.77 23.33 5.53 1.215 3 3

RHB European Select 3/3/2015 -2.35 -5.54 -9.16 1.96 10.73 -0.842 26 28

E RHB Global Equity Yield 9/11/2005 0.72 -4.19 -5.60 5.75 10.62 -0.492 22 20

E RHB Global New Stars 24/1/2007 -12.18 -16.45 -17.15 -12.05 14.02 -1.265 44 38

RHB Gold And General 21/7/2009 -7.85 -14.23 -12.65 32.05 15.07 -0.823 36 27

E RHB Goldenlife 2020 21/2/2005 -3.32 -12.84 -15.22 -15.65 6.71 -2.414 43 47

E RHB Goldenlife 2030 21/2/2005 -6.72 -16.62 -20.85 -16.61 9.64 -2.357 46 46

RHB Pre-IPO & Special Situation 2 22/7/2014 -14.21 -14.80 -9.66 -17.22 16.47 -0.533 27 22

RHB Pre-IPO & Special Situation 3-MYR 5/10/2015 -0.42 0.84 0.57 1.58 4.05 0.160 11 9

RHB Private Equity Opportunity 1 28/7/2016 1.05 4.56 3.29 2.79 1.176 7 4

RHB US Focus Equity 15/10/2010 -2.42 -5.24 -1.30 24.42 11.69 -0.057 16 13

RHB-GS US Equity 18/5/2011 3.73 4.87 9.13 23.72 10.93 0.853 1 5

Robotech RM H 8/8/2018

Robotech USD 8/8/2018

10

Name

Launch

Date

6-MTH (%)

RETURN

YTD (%)

1-YR

(%)

3-YR

(%)

STD DEV

1-YR (%)

RTN/

RISK

RANK

ABS

(1-YR)

RANK

RAR

(1-YR)

E TA European Equity 20/3/2007 -7.07 -8.57 -11.58 -1.92 10.67 -1.097 33 34

TA Global Technology 26/5/2011 2.69 2.52 0.81 30.60 14.46 0.123 10 11

TA Structured Income 3/3/2016 -3.28 -5.90 -5.50 4.63 -1.198 21 37

Templeton Global Equity MYR A 13/4/2015 -7.99 -7.69 -5.36 6.90 12.17 -0.395

United Global Quality Equity MYR Hedged

26/9/2016 -1.57 2.32 4.00 11.12 0.405

United Global Technology MYR 23/10/2017 -8.10 -8.05 -10.20 16.56 -0.569

United Global Technology MYR Hedged 23/10/2017 -13.27 -10.61 -9.79 17.44 -0.506

United Global Technology USD 23/10/2017 -13.87 -10.91 -9.85 17.58 -0.505 29 21

United Target Income Bond 7 18/7/2016 0.64 -0.46 -0.62 1.05 -0.583 14 23

Average -4.90 -6.75 -6.69 7.29 10.27 -0.39

Asia Equity Offshore Islamic

Aberdeen Islamic APAC ex Japan Equity A MYR

2/12/2015 -11.66 -13.63 -16.07 12.67 -1.313 19 17

Aberdeen Islamic World Equity A MYR 17/1/2013 -0.67 -4.53 -5.51 5.93 9.53 -0.549 6 7

Affin Hwang Aiiman Asia (ex Japan) Growth MYR

14/12/2015 -6.59 -7.46 -9.32 8.83 -1.062 9 15

AmASEAN Equity 6/6/2011 -3.46 -11.24 -9.53 -6.00 7.30 -1.332 10 18

Amintelligent Glo Eq Mlt Strgy-Developed Mkt MYR

5/9/2018

Amintelligent Glo Eq Mlt Strgy-Developed Mkt USD I

5/9/2018

Amintelligent Glo Eq Mlt Strgy-Developed Mkt USD R

5/9/2018

AmIslamic Income Regular 1 12/9/2017 2.57 4.32 5.29 0.26 19.977 1 1

E AmOasis Global Islamic Equity 21/4/2006 1.36 -2.21 -2.36 0.10 9.14 -0.219 2 3

ASEAN Equity 6/2/2014 -6.99 -12.31 -12.55 -10.59 7.93 -1.644 16 21

BIMB-Arabesque Asia Pacific Shariah-ESG Equity USD

19/1/2018 -15.50

BIMB-Arabesque i Global Dividend 1 - MYR

5/11/2015 0.94 -0.19 -2.51 14.72 -0.103 3 2

E CIMB Islamic Asia Pacific Equity 2/6/2006 -12.82 -15.38 -18.58 3.86 12.84 -1.526 21 20

Commodities Equity 19/7/2010 -8.97 -11.85 -10.69 -12.75 18.83 -0.511 12 6

E Eastspring Investments Dinasti Equity 26/10/2009 -11.00 -15.73 -16.70 21.62 12.89 -1.345 20 19

ICD Global Sustainable 23/6/2017 -6.49 -7.64 -6.14 10.00 -0.585 7 8

KAF Australia Islamic Property A MYR 1/8/2016 -4.67 -12.44 -9.19 10.02 -0.912 8 11

Manulife Investment Shariah Asia-Pacific 16/1/2008 -7.48 -10.55 -11.33 11.29 13.84 -0.798 14 9

Maybank Asiapac Ex-Japan Equity-I 8/1/2014 -9.13 -9.96 -10.82 12.56 11.41 -0.944 13 12

Maybank Greater China Asean Equity-I A 27/4/2015 -7.96 -9.00 -9.87 8.32 9.49 -1.047 11 14

Pacific Dana Dividen 26/7/2007 -7.90 -13.03 -12.57 -11.17 10.65 -1.205 17 16

Pheim Asia Ex-Japan Islamic 1/11/2006 -5.46 -9.10 -11.88 11.71 11.81 -1.010 15 13

Precious Metals Securities 15/11/2007 -8.77 -13.41 -13.27 5.97 14.74 -0.892 18 10

RHB Islamic Asean Megatrend B USD 26/4/2016 -17.80 -22.24 -22.88 12.01 -2.086 22 22

RHB Islamic Global Developed Markets MYR

28/5/2015 0.94 -2.60 -4.42 8.85 10.16 -0.397 5 5

TA BRIC and Emerging Markets 25/2/2010 2.32 -1.88 -2.82 10.97 9.05 -0.274 4 4

Average -6.31 -9.18 -9.71 4.05 10.82 0.01

Malaysia Mixed Assets

Affin Hwang ASEAN Flexi MYR 8/9/2014 -10.40 -10.46 -8.04 9.75 10.73 -0.728 25 19

E Affin Hwang Select Balanced 28/7/2003 -4.26 -2.99 -1.75 15.04 5.52 -0.294 8 7

Affin Hwang Select Income 6/1/2005 -2.91 -3.68 -4.42 10.59 3.20 -1.395 16 28

Affin Hwang Tactical 10/8/2010 -4.72 -5.36 -3.73 14.02 8.40 -0.412 14 11

E AMB Balanced Trust 19/9/1994 -0.76 -2.79 1.76 22.42 9.12 0.234 1 3

E AMB Lifestyle Trust Today 25/11/2004 -1.94 -2.29 -2.22 9.78 2.32 -0.953 9 23

E AmBalanced 16/9/2003 -1.52 -5.73 -7.58 -5.85 9.20 -0.810 23 20

E AmConservative 16/9/2003 -2.32 -3.41 -3.64 14.23 5.13 -0.699 13 18

E AmDynamic Allocator 23/4/2012 -1.65 -7.50 -4.92 13.78 8.02 -0.591 18 17

E Eastspring Investments Asia Select Income

18/11/2005 0.20 -7.14 -5.50 15.69 11.15 -0.455 19 12

E Eastspring Investments Balanced 29/5/2001 3.67 -25.69 -30.00 8.16 23.83 -1.364 34 27

E Eastspring Investments Dynamic 6/11/2003

InterPac Dynamic Equity 25/7/2007 -3.08 -11.06 -12.58 -6.26 6.92 -1.899 29 30

InterPac Flexible Asset Trust 22/8/2018 -4.15 -8.18 -6.95 14.28 8.08 -0.852 22 22

E KAF First 16/1/1996 -0.89 -6.02 -3.75 25.90 10.24 -0.324 15 9

E Kenanga Balanced 23/5/2001 -0.41 -5.86 -3.45 26.27 10.20 -0.296 11 8

11

Name

Launch

Date

6-MTH (%)

RETURN

YTD (%)

1-YR

(%)

3-YR

(%)

STD DEV

1-YR (%)

RTN/

RISK

RANK

ABS

(1-YR)

RANK

RAR

(1-YR)

E Kenanga OA Inv-Kenanga Diversified 23/4/2004 -3.66 -3.32 -4.78 12.18 8.64 -0.526 17 15

E Kenanga OA Inv-Kenanga Managed Growth

23/4/2004 -4.83 -5.40 -3.56 6.63 7.35 -0.458 12 13

Libra TacticalEXTRA 18/3/2005 0.97 1.53 1.10 15.79 1.95 0.573 2 1

Maybank Q-Target Return 4/7/2011 -5.73 -5.96 -5.51 7.72 8.98 -0.587 20 16

Pacific Dynamic AsiaPac 29/7/2013 -4.46 -6.64 -8.37 -1.64 5.41 -1.584 26 29

Pacific Income 18/8/2000 -4.67 -6.72 -6.88 -1.01 6.35 -1.091 21 25

Pacific SELECT Balance 11/8/2003 -3.92 -1.33 -0.14 6.20 8.22 0.021 6 6

Pacific SELECT Income 11/8/2003 -1.37 -0.24 0.22 3.38 2.96 0.089 5 5

E Pheim Income 28/1/2002 0.88 -1.91 -1.63 7.43 3.25 -0.491 7 14

RHB Golden Dragon 8/5/2007 -5.33 -6.62 -8.42 4.79 7.43 -1.145 27 26

E RHB Goldenlife Today 21/2/2005 0.81 0.42 0.77 10.30 2.50 0.320 3 2

E RHB Growth And Income Focus 7/1/2005 -8.72 -24.38 -27.24 -26.79 9.22 -3.359 33 34

RHB Kidsave 10/5/1999 -4.28 -20.23 -24.09 -25.05 9.08 -2.956 32 32

E RHB Smart Balanced 7/9/2004 -6.03 -19.51 -22.64 -17.74 7.54 -3.332 31 33

E RHB Smart Income 7/9/2004 -1.80 -9.96 -12.05 -5.80 4.77 -2.656 28 31

E RHB Thematic Growth 26/9/2007 -10.40 -12.59 -13.96 6.63 16.59 -0.823 30 21

E TA Global Asset Allocator 12/6/2006 -1.84 -5.79 -7.68 -8.41 7.76 -0.991 24 24

TA Income 6/5/2002 -5.84 -4.10 -2.54 8.79 7.13 -0.327 10 10

United Income Plus 9/2/2015 -0.39 0.09 0.73 7.44 4.45 0.183 4 4

Average -3.11 -7.08 -7.16 5.84 7.70 -0.88

Malaysia Mixed Assets-Islamic

E Affin Hwang Aiiman Balanced 11/11/2001 -3.29 -7.18 -5.57 13.86 6.58 -0.838 12 14

E Affin Hwang Aiiman Select Income 1/3/2013 -1.01 -2.31 -2.22 11.85 2.92 -0.755 4 12

AMB Dana Ikhlas 17/9/2002 -5.55 -9.17 -6.76 5.59 8.19 -0.814 14 13

E AmIslamic Balanced 10/9/2004 12.25 -7.63 -5.29 18.70 -0.204 11 4

BIMB Dana Al-Falah 27/12/2001 -1.54 -15.00 -13.01 -3.37 11.05 -1.203 19 18

BIMB Dana Al-Munsif 27/12/2001 8.63 -18.17 -13.77 3.59 20.00 -0.642 21 9

BIMB i Flexi 25/3/2014 -3.48 -4.30 -2.84 3.46 5.99 -0.453 5 7

E CIMB Islamic Balanced Growth 26/5/2003 1.05 1.55 2.56 11.32 1.77 1.438 2 2

E CIMB Islamic Enhanced Sukuk 23/2/2005 0.83 -4.39 -3.86 20.29 10.74 -0.317 7 5

E Dana Makmur Pheim 28/1/2002 0.80 1.71 3.39 10.64 2.11 1.593 1 1

E Eastspring Investments Dana al-Islah 14/8/2002 -3.09 -4.69 -0.83 12.37 8.25 -0.062 3 3

E Eastspring Investments Dana Dinamik 25/2/2004 3.50 -24.04 -32.53 5.71 24.03 -1.499 23 22

InterPac Dana Safi 25/7/2007 -0.58 -2.60 -3.74 8.09 9.18 -0.372 6 6

KAF Dana Alif 26/2/2003 -3.56 -4.98 -5.05 0.28 7.24 -0.681 9 10

E Kenanga Islamic Balanced 6/12/2004

Kenanga OA Inv-Kenanga Shariah Balanced

23/4/2004 -5.48 -11.56 -10.64 0.90 7.72 -1.415 18 21

E Libra Amanah Saham Wanita 4/5/1998 -3.33 -5.97 -4.41 9.98 4.07 -1.088 8 16

E Libra SyariahEXTRA 1/1/2003 -5.12 -6.58 -5.22 0.02 7.18 -0.711 10 11

Pacific Dana Imbang 2/6/2014 -5.99 -8.37 -8.83 -11.37 7.75 -1.153 16 17

PMB Shariah Tactical 29/10/1979 -4.03 -11.25 -17.22 -24.31 14.34 -1.241 22 19

RHB Dana Hazeem 18/2/2013 -5.24 -10.82 -13.06 -14.55 4.88 -2.831 20 23

RHB Mudharabah 9/5/1996 -4.71 -8.37 -9.04 -3.72 7.09 -1.299 17 20

E TA Asia Pacific Islamic Balanced 7/11/2006 -5.58 -6.22 -6.69 6.56 6.23 -1.079 13 15

E TA Dana Optimix 17/1/2005 -1.70 -8.40 -8.09 2.86 13.26 -0.573 15 8

Average -1.58 -7.77 -7.51 3.18 9.10 -0.70

Mixed Assets Offshore

Affin Hwang Absolute Return II - AUD Class

29/3/2018 -13.71

Affin Hwang Absolute Return II - GBP Class

29/3/2018 -12.85

Affin Hwang Absolute Return II - MYR Class

18/12/2007 -13.89 -11.82 -12.46 12.94 10.10 -1.264 15 12

Affin Hwang Absolute Return II - SGD Class

29/3/2018 -15.24

Affin Hwang Absolute Return II - USD Class

29/3/2018 -18.89

Affin Hwang Select APAC ex-Japan Balanced MYR

8/12/2014 -7.69 -7.60 -7.35 11.24 6.41 -1.157 10 8

Affin Hwang Select AUD Income MYR 18/3/2010 0.34 -7.49 -9.09 5.48 7.71 -1.195 12 10

Affin Hwang Select SGD Income MYR 1/8/2012 -2.90 -3.81 -6.20 10.50 4.26 -1.481 7 14

12

Name

Launch

Date

6-MTH (%)

RETURN

YTD (%)

1-YR

(%)

3-YR

(%)

STD DEV

1-YR (%)

RTN/

RISK

RANK

ABS

(1-YR)

RANK

RAR

(1-YR)

Affin Hwang World Series-Global Balanced-EURH

16/5/2018

Affin Hwang World Series-Global Balanced-USD

1/9/2016 -4.25 -5.21 -3.87 6.47 -0.579 3 2

Amundi International 3/9/2015 -4.97 -5.64 -3.96 12.29 8.12 -0.459 4 1

CIMB-Principal Global Multi Asset Income

20/3/2014 -0.87 -5.01 -6.23 2.26 5.56 -1.128 8 7

Global Multi-Asset Income USD 17/3/2014 -2.57 -3.96 -3.49 6.13 4.36 -0.794 1 4

Libra IncomeEXTRA 10/9/1999 -5.45 -3.51 -6.18 3.96 7.08 -0.865 6 5

Manulife Asia Pacific Income and Growth MYR

12/12/2017 -2.21 -6.25

Manulife Asia Pacific Income and Growth MYR Hedged

12/12/2017 -7.67 -8.81

Pacific AsiaPac Income 28/11/2006 -4.59 -5.58 -4.79 14.24 5.18 -0.922 5 6

E Pheim Emerging Companies Balanced 28/1/2002 -4.44 -9.35 -9.92 1.19 8.16 -1.237 13 11

RHB Asian Income - Multi Currencies AUD Hedged

10/7/2018

RHB Asian Income - Multi Currencies EUR Hedged

10/7/2018

RHB Asian Income - Multi Currencies GBP Hedged

10/7/2018

RHB Asian Income - Multi Currencies MYR Hedged

10/7/2018

RHB Asian Income - Multi Currencies RMB Hedged

10/7/2018

RHB Asian Income - Multi Currencies USD Hedged

10/7/2018

E RHB Asian Income MYR 5/6/2012 -2.32 -3.91 -3.61 10.73 5.30 -0.669 2 3

RHB Islamic Regional Balanced MYR 8/4/2014 -4.46 -5.67 -7.86 4.35 5.02 -1.601 11 15

RHB Islamic Regional Balanced USD 17/6/2014 -10.28 -8.16 -6.44 9.23 9.32 -0.670

E RHB Multi Asset Regular Income 7/12/2012 -0.10 -3.76 -6.43 0.39 5.48 -1.186 9 9

Templeton Global Balanced MYR A 5/5/2015 -7.03 -7.16 -5.93 5.61 9.38 -0.607

United Bond & Equity Strategic Trust 8/9/2014 -5.80 -9.67 -10.44 5.97 7.94 -1.346 14 13

Average -6.60 -6.44 -6.72 7.28 6.81 -1.01

Fixed Income

E Affin Hwang Bond 12/12/2001 2.97 4.13 4.90 15.20 0.90 5.330 5 16

Affin Hwang Flexible Maturity Income 8 1/8/2018

Affin Hwang Flexible Maturity Income 9 18/9/2018

Affin Hwang Income Focus 2 8/3/2018 -1.61

Affin Hwang Select Bond 28/7/2003 1.48 0.55 0.13 12.99 1.30 0.109 23 23

Affin Hwang World Series - Global Income AUD H

23/5/2016 -0.77 -1.65 -1.45 1.37 -1.058

Affin Hwang World Series - Global Income GBP H

1/9/2016 -1.49 -2.60 -2.62 1.30 -2.028

Affin Hwang World Series - Global Income MYR

1/9/2016 6.08 1.73 -2.59 6.31 -0.386

Affin Hwang World Series - Global Income SGD H

23/5/2016 -1.08 -2.32 -2.19 1.34 -1.646

Affin Hwang World Series - Global Income USD

23/5/2016 -0.57 -1.41 -1.21 1.32 -0.915 26 29

Affin Hwang World Series-US Shrt Dur High Inc AUDH

3/3/2017 0.76 0.55 0.73 1.45 0.506

Affin Hwang World Series-US Shrt Dur High Inc GBPH

28/6/2017 -0.25 -0.92 -1.08 1.53 -0.702

Affin Hwang World Series-US Shrt Dur High Inc MYR

3/3/2017 7.33 3.35 -1.14 6.80 -0.137

Affin Hwang World Series-US Shrt Dur High Inc SGDH

3/3/2017 0.40 -0.24 -0.22 1.55 -0.134

Affin Hwang World Series-US Shrt Dur High Inc USD

3/3/2017 0.85 0.62 0.68 1.53 0.447 22 22

E AmanahRaya Unit Trust 21/9/2006 2.39 3.48 4.26 14.06 0.48 8.670 10 3

E AMB Enhanced Bond Trust 27/5/2003 2.61 3.82 4.47 14.66 0.67 6.576 8 9

E AMB Income Trust 19/6/1996 3.73 5.20 5.87 16.45 0.86 6.660 1 7

AmBond 20/1/2000 2.10 3.24 3.84 11.65 0.21 17.818 15 1

E AmDynamic Bond 16/9/2003 2.86 3.30 3.28 16.15 1.27 2.543 20 18

E AmIncome Plus 17/6/2004 -0.67 -0.83 -0.20 8.47 2.39 -0.072 24 24

E AmTactical Bond B MYR 29/10/2012 -3.92 -3.76 -3.65 5.39 -0.664 31 27

Amundi Bond Global Aggregate MYR 3/9/2015 2.60 3.73 4.41 13.73 0.62 7.027 9 4

Amundi Bond Global Emerging Blended USD

14/2/2017 1.89 2.28 3.46 11.89 2.51 1.368 18 21

E CIMB-Principal Bond 15/11/1995 -3.59 -5.76 -5.98 6.36 3.38 -1.805 33 35

CIMB-Principal Strategic Bond 23/3/2004 2.36 3.31 3.86 13.71 0.55 6.886 14 5

13

Name

Launch

Date

6-MTH (%)

RETURN

YTD (%)

1-YR

(%)

3-YR

(%)

STD DEV

1-YR (%)

RTN/

RISK

RANK

ABS

(1-YR)

RANK

RAR

(1-YR)

Eastspring Investments Asian High Yield Bd MY-USD

16/6/2015 -4.05 -3.65 -3.07 3.64 -0.837 30 28

E Eastspring Investments Bond 29/5/2001 1.57 2.74 3.51 15.46 1.73 2.000 17 19

Eastspring Investments Global Target Income

18/7/2016 -0.41 -0.88 -1.17 6.13 0.31 -3.783 25 37

KAF Bond 1/11/2006 2.08 2.96 3.43 11.56 0.52 6.471 19 10

KAF Enhanced Bond 30/1/2002 2.28 3.13 3.70 12.68 0.61 5.945 16 14

Kenanga Bond 15/8/2002 2.95 4.35 5.14 19.65 0.76 6.623 2 8

Kenanga OA Inv-Kenanga Income Plus 23/4/2004 2.42 3.33 3.93 10.84 0.64 6.060 13 13

E Libra BondEXTRA 8/10/2002 0.10

Manulife Bond Plus 29/12/2009 -2.16

Manulife SGD Income (Malaysia) CNH Hedged

13/3/2018 -1.74

Manulife SGD Income (Malaysia) EUR Hedged

13/3/2018 -0.38

Manulife SGD Income (Malaysia) GBP 13/3/2018 -0.34

Manulife SGD Income (Malaysia) MYR 13/3/2018 -1.22

Manulife SGD Income (Malaysia) MYR Hedged

13/3/2018 -1.23 -2.73 -2.54 10.06 1.75 -1.464 29 34

Manulife SGD Income (Malaysia) SGD 13/3/2018

Maybank Bluewaterz Total Return MYR 24/7/2015 1.76 2.01 2.74 11.02 1.36 1.989 21 20

Maybank Bluewaterz Total Return USD 18/6/2018 2.24 3.45 4.14 13.50 0.29 13.857 11 2

Maybank Financial Institutions Income 17/12/2009 0.52 -1.90 -2.40 13.60 1.87 -1.287 27 32

Maybank Financial Institutions Income Asia

26/8/2014 0.33 -0.54 -4.52 -0.81 7.97 -0.544 32 26

Maybank Global Bond 4/11/2013 2.41 3.39 4.00 12.74 0.58 6.771 12 6

Opus Dynamic Income 3/6/2009 2.93 3.94 4.77 15.52 0.77 6.108 6 12

Opus Fixed Income 7/7/2008 2.70 3.69 4.49 14.65 0.71 6.177 7 11

RHB Asian High Yield-AUD 8/6/2015 -4.63 -6.14 -6.12 10.12 4.50 -1.381

RHB Asian High Yield-USD 8/6/2015 -4.48 -5.86 -5.90 8.56 4.46 -1.341

RHB Asian Total Return 26/2/2007 3.82 -2.00 -6.56 -0.43 6.35 -1.035 35 30

E RHB Bond 10/10/1997 3.02 4.26 5.00 18.33 0.88 5.541 3 15

RHB Emerging Markets Bond 3/1/2012 1.62 -5.06 -8.71 1.94 6.63 -1.339 37 33

E RHB Income 2 26/2/2003 3.17 4.35 4.94 16.27 1.08 4.471 4 17

RHB Strategic Income - Series 3 20/8/2018

E TA Total Return Fixed Income 1/10/2012 -0.46 -5.95 -8.53 -4.14 4.38 -2.007 36 36

Templeton Global Total Return MYR 14/11/2012 -2.72 -1.27 -2.42 6.85 9.42 -0.216 28 25

United Asian High Yield MYR 30/6/2015 2.77 -1.70 -6.32 6.14 6.06 -1.047 34 31

Average 0.77 0.50 0.19 11.02 2.39 2.34

Fixed Income Islamic

Affin Hwang Aiiman Global Sukuk MYR 14/12/2015 7.18 2.14 -2.17 6.25 -0.322 16 16

E Affin Hwang Aiiman Income Plus 28/6/2004 2.97 3.88 4.45 14.21 1.02 4.275 7 12

E AmanahRaya Syariah Trust 21/9/2006 2.51 3.68 4.40 14.73 0.61 7.045 9 2

E AMB Dana Arif A MYR 27/4/2004 2.67 3.76 4.27 15.26 0.69 6.110 11 4

E AmBon Islam 26/11/2001 3.17 4.36 4.99 15.03 0.91 5.352 2 9

E AmDynamic Sukuk A 12/6/2012 2.05 3.12 3.59 0.35 10.194 13 1

Franklin Malaysia Sukuk A MYR 18/11/2015 0.99 0.78 0.99 6.23 0.68 1.450 14 15

Kenanga OA Inv-Kenanga Bon Islam 23/4/2004 2.93 4.12 4.82 16.95 0.82 5.763 3 7

E Libra ASnitaBOND 18/3/2005 6.33

MAMG Global Shariah Income 13/3/2018 0.10

Manulife SGD Income (Malaysia) CNH Hedged

13/3/2018 -2.16

Manulife SGD Income (Malaysia) EUR Hedged

13/3/2018 -0.34

Manulife SGD Income (Malaysia) MYR Hedged

13/3/2018 -1.22

Manulife SGD Income (Malaysia) SGD 13/3/2018

Manulife Shariah-Dana Sukuk 27/5/2013 2.65 3.77 4.41 13.26 0.69 6.264 8 3

Maybank Malaysia Sukuk 8/1/2014 3.14 4.09 4.77 14.03 1.11 4.209 4 13

Opus Shariah Dynamic Income 10/8/2015 2.59 3.55 4.31 12.97 0.83 5.069 10 10

Opus Shariah Income 18/9/2013 2.64 3.59 4.60 13.56 0.77 5.870 6 6

Pacific Dana Murni 25/3/2003 2.01 3.14 3.66 12.33 0.61 5.919 12 5

PMB Sukuk 8/12/1997 0.54 0.68 0.92 0.27 3.320 15 14

E RHB Islamic Bond 25/8/2000 3.18 4.47 5.12 18.11 1.00 5.027 1 11

TA Dana Afif 1/10/2014 2.58 3.67 4.66 13.26 0.81 5.618 5 8

14

Name

Launch

Date

6-MTH (%)

RETURN

YTD (%)

1-YR

(%)

3-YR

(%)

STD DEV

1-YR (%)

RTN/

RISK

RANK

ABS

(1-YR)

RANK

RAR

(1-YR)

Average 2.12 2.99 3.50 13.92 1.06 5.07

DISCLAIMER:

This publication is solely for information only. It should not be construed as an offer or solicitation for the subscription, purchase or sale of the securities mentioned herein. The publication has been prepared by Phillip Capital Management Sdn Bhd on the basis of publicly available information, internally developed data and other sources believed to be reliable. Whilst we have taken all reasonable care to ensure that the information contained in this publication is accurate and the opinions are fair and reasonable, it does not guarantee the accuracy or completeness of this publication. Accordingly, no warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of any person or group of persons acting on such information and advice. This publication was prepared without regard to your specific investment objectives, financial situation or particular needs. Whilst views and advice given are in good faith, you should not regard the publication as a substitute for the exercise of your own judgement and should seek other professional advice for your specific investment needs or financial situations.

For Phillip Capital Management Sdn Bhd ____________________________ Nona Salleh Executive Chairperson

The Mechanism

1) Superior ranking based on risk-adjusted-return.

2) Commendable ranking based on absolute return.

3) Fund size (preferably RM25 million)

4) Check on short-term return (1-month or 3-month returns)

5) Check top holdings and sectors allocation

6) Qualitative evaluations (if needed)

The Mechanism

1) Superior ranking based on risk-adjusted-return.

2) Commendable ranking based on absolute return.

3) Fund size (minimum RM25 million)

4) Check on short-term return (1-month or 3-month returns)

5) Check top holdings and sectors allocation

6) Qualitative evaluations (if needed)

Note: ABS denotes ranking based on absolute return RAR denotes ranking based on risk-adjusted return - YTD is from 31/12/2017 to 31/10/2018.

- 1 and 3 year returns are based on rolling returns. ‘E’ EPF approved