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34q234q

September 2016

Phillip Funds Focus A MONTHLY NEWSLETTER EXCLUSIVELY FOR

INVESTMENT PROFESSIONALS

US economy added 151,000 new jobs in August, lower than the street

expectation. The street was anticipating the nonfarm payroll report to show a gain of 180,000 in the month together with unemployment rate ticking down to 4.8% from the current 4.9% level. The report is not going to convince Fed officials to vote for a rate hike later this month and traders have been cutting the probability of September hike from 27% to 12%. However, the Fed would still want to tighten the monetary policy although the timeframe is still unknown.

China’s Caixin Manufacturing PMI slightly weakened to 50.0 in August from 50.6 in July, but remained above the 50 threshold for the second straight month. The stagnation that follows the signs of recovery in July may have been caused by a temporary tightening of proactive fiscal policies. The dormant manufacturing sector was backed by the uptick in services sector, where Caixin Services PMI rose to 52.1 in August from 51.7 in July. We are more convinced with August data compared to mixed July data and reckon the economy is showing signs of recovery. However, we are still cautious on the volatility of the market.

The ASEAN bourses performance were mixed in the month of August.

Jakarta Composite Index (JCI) leading the gainers after rising 3.3% followed by Stock Exchange of Thailand (SET) and FTSE Bursa Malaysia KLCI (FBMKLCI) with 1.6% and 1.5% return respectively. However, Philippines Composite Index (PCOMP) and Straits Times Index (STI) landed in negative territory of 2.2% and 1.7% respectively.1.7% respectively.

Nymex WTI crude oil rose 7.5% for the month to $44.7/barrel from

$41.6/barrel in July. This was chiefly due to spurred sentiment in expectation on production cut by OPEC. Crude palm oil price surged 17.5% in August to close at RM2,789.0/MT from RM2,374.0/MT in the previous month on the back of surprise increase in demand from China. Gold contracted 3.1%, from $1,349.0 in July to $1,307.9 in August mainly due to an early US interest rate expectation which caused investors to turn away from the safe haven asset.

US interest rate hike would still be the main event to watch out by the

emerging economies moving forward as it will determine the fund flows into the developing countries. We still like the stories in Thailand and Indonesia and cautiously optimistic on Philippines market as investors’ sentiment were damaged due to the recent bombing in the country to protest the newly-elected government. We also believe that China is recovering, but we think that the market can be very volatile.

A Brief Synopsis Where to Look Out For… Page

…Window to the World 2

…A Peep into Malaysia 2

…Lighting Up Your Path 3

…Walking With You 3

…PMB Model Portfolio 4

…Tracking Our Recommendations 5

…From the Scoreboard 6-11

…Appendix 12-13

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

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US Fed: No interest rate hike but case of rate rise

strengthened – US’s Fed Chair, Janet Yellen delayed interest

rate increase to give the economy more room to expand whilst

agreeing that the case for rate rise had strengthened and

made clear of central bank intention to raise rates this year.

Fed also scaled back the number of hike it expects next year

from three to two.

China stabilising growth but remain volatile – China’s

economic condition’s showed signs of recoveries amid

government series of support, which include speed-up of

approvals for infrastructure projects and growing state-driven

investment. However, sluggish recoveries from the private

investment remain a major setback as private sector has

limited funding channel and less advantage in receiving

contracts from government’s pro-growth policies. Another

concern raised from the consumption growth in the long run as

income growth has been underperforming the GDP growth for

two consecutive quarters.

Bank of Japan (BOJ) targets Japan’s Yield Curve – BOJ

shifted it policy framework from expanding the money supply

to controlling interest rates, keeping its bond purchase

program at JPY80tril annually over the long term while

adjusting the volume of its asset purchases as necessary in

the short term to control bond yields. This effectively help BOJ

to manage the impact of its purchases and negative interest

rates on Japanese banks. As a result, Japan’s 10-year

government bond yields hit the positive territory for the first

time since March, climbing to as high as 0.005%, from minus

0.065% a day before. BOJ also announced to expand its ETF

buying program.

Window to the World

A Peep into Malaysia

Source: Bloomberg Note: Percentage changes are in local currencies

FBMKLCI rebounded in August– FBMKLCI gained 1.5% in

August to close at 1678.1 from 1653.3 in July. Foreign investors

continues to be the net buyers for the month, buying RM1.6bil

worth of stocks, extending its net buyer position for the year to

RM2.6bil. Local institution remained as net seller, disposing

Rm1.7bil whilst local retailer turned net buyer, buying RM82mil

worth of stocks.

Ringgit stalls, pending US and Japan central bank plans –

Ringgit inched down 0.05% in August, to close at RM4.0675

against US Dollar compared to RM4.066 in the previous month

despite crude oil rebounded 7.4% in August. This is mainly due

to investors waited for central banks in the US and Japan to

review their monetary policies that supported demand for

higher-yielding assets in early September.

Malaysia's export declined 5.3%y-o-y in July – The sharp

drop in export growth was broad-based, across all main product

groups, which includes manufactured, agricultural and mining

products. Export of manufactured goods fell by 3.9%y-o-y in

July, dragged by a sharp 6% decline in exports of electrical and

electronic products due to lacklustre demand from China, Japan

and Europe, in tandem with lower global semiconductor sales,

which fell 2.8%y-o-y in July.

Source: Bloomberg

M-o-M

(%)

YTD (%)

China

3.6%

-12.8%

Hong Kong

5.0% 4.9%

Japan

1.9% -11.3%

Malaysia

1.5% -0.9%

South Korea

0.9% 3.7%

US -0.2% 5.6%

Markets Performance

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No rate hike in US, China’s economic shows sign of stabilising, and ASEAN emerging markets back in limelight. Massive redemption from risky assets back to developed markets deemed unlikely for now with delay in interest rate hikes by US Federal Reserve and BOJ shifting its policy framework from expanding money supply to controlling interest rate. We are cautiously optimistic on China as the data have largely remained at expansionary mode despite the government slowly transforming the economy from heavy industries towards consumer driven and services economy. We are positive on ASEAN markets namely Indonesia, Philippines and Thailand given their stable economic and political situation. We are of the view that the government infrastructure and consumer driven theme remain valid but slightly cautious on Philippines market due to recent comment made by its President, Rodrigo Duterte towards US. These markets remain stock selective markets as the valuation are already at premium due to massive foreign fund flows. We are neutral on Malaysia equity market as corporate earnings remain lacklustre. We are of the view that the markets performance would still be tepid therefore we maintain our portfolio with exception to the addition of CIMB Principal Greater China Equity last month to reflect the change in our view on China’s equity market but we will closely monitor China market as we still think that it can be very volatile. We will also keep monitoring the development of US Presidential Election, due to the uncertainty it will reign over the global economic environment post-election in November. Risk-aversed, investors could consider increasing cash holdings or investing into fixed income instruments.

Lighting Up Your Path

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Actual PMB Model Portfolio* Illustrative PMB Islamic Model Portfolio*

Asset Allocation Return Asset Allocation Return

Jun-16 Jul-16 Aug-16 Sep-16 Aug-16 Jun-16 Jul-16 Aug-16 Sep-16 Aug-16

Kenanga Growth 25% 20% 13% 13% 0.4% Eastspring Investments Dana al-Ilham

25% 25% 25% 25% 1.1%

Aberdeen Islamic World Equity

- 4% 4% 4% -1.0% Kenanga Syariah Growth

25% 25% 25% 25% 0.3%

Affin Hwang Select Asia Quantum

15% 15% 15% 15% 4.6% Eastspring Investments Islamic Income

25% 25% 25% 25% 0.3%

Eastspring Investments My Focus

5% 5% 5% 5% -5.3% PMB Shariah Agressive

25% 25% 25% 25% -5.4%

Eastspring Investments Equity Income

15% 20% 20% 20% 1.1%

RHB-OSK-GS US Equity

5% 5% 5% 5% 1.9%

Phillip Master Money Market

15% 15% 17% 17% 0.3%

CIMB Principal Asia Pacific Dynamic Income

7% 7% 7% 7% 0.4%

Manulife India Equity 6% 2% 2% 2% 1.0%

CIMB Principal Greater China Equity

- - 5% 5% 5.2%

TA European 7% 7% 7% 7% 1.0%

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

PMB Model Portfolio

Affin Hwang Select Asia Quantum climbed 4.6% on

the back of Ciputra Development, one of its top

holding stocks which surged 10.0% on August. This

is due to positive sentiment on property sector

outlook in Indonesia, driven by the passing of the

tax amnesty bill and lower final property sales tax.

Eastspring Investment MY Focus slipped 5.3% in

August, dragged by United U-Li which plunged

42.6% in August. The company stock performance

was dragged by the uncertainty bestow upon RHB

Asset Management after the resignation its CIO as

several RHB funds owned United U-Li. The

company has recorded higher revenue and better

profit margin achieved during its 2QFY2016 result

released.

Source: PCM

PMB Shariah Aggressive was down 5.4% in August, dragged by its top holding performance, namely SLP

Resources and Oriental Food Industries Holding which plunged 27.7% and 30.5% respectively. Both of these

stocks was affected by the resignation of RHB CIO in similar manner like United U-Li.

CIMB Principal Greater China rose 5.2% in August, uplifted by Sina Corp and Weibo Crop which escalated 42%

and 46.8% respectively. Sina benefited from the monetization of Weibo, which is well on track to monetize

through the increasingly popular Key Opinion Leader (KOL) economy in China. KOLs referred to people who are

followed by a large online audience, from celebrities to the broad masses of consumers and they mobilize internet

platforms to create content and monetize their fan bases.

For the month of August, our PMB Model portfolio extended gains by 0.95%, underperforming FBMKLCI which

gained 1.5% for the month whilst PMB Islamic portfolio declined 1.1% for the month.

Source: PCM

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Name % Growth

Name % Growth

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

MALAYSIA CONVENTIONAL ASIA

Equity Equity

1 Eastspring Investments Small-Cap

-4.1 -0.5 18 Affin Hwang Select Asia (Ex Japan) Quantum 4.6 13.1

2 Kenanga Growth 0.4 -0.4 19 Affin Hwang Select Dividend 1.2 5.7

3 Eastspring Investments MY Focus

-5.3 -2.3 20 RHB China-India Dynamic Growth 1.5 -1.4

4 Eastspring Investments Equity Income

1.1 7.9 21 Affin Hwang Select Opportunity 1.5 7.4

22 CIMB-Principal Asia Pacific Dynamic Income 0.4 3.8

Mixed Assets 23 CIMB Principal Greater China Equity 5.2 4.6

5 Affin Hwang Select Balanced 0.9 4.8

6 Affin Hwang Select Income 0.3 3.8 Mixed Assets

24 Eastspring Investments Asia Select Income 2.2 3.6

Fixed Income

7 AMB Income Trust 0.5 3.8 GLOBAL

8 AmBond 0.8 4.7 Equity

25 Aberdeen Islamic World Equity -1.0 2.9

MALAYSIA (ISLAMIC) 26 Eastspring Investments Global Basics MY 1.2 5.7

Equity

27 Eastspring Investments Global Emerging Markets

3.1 6.0

9 PMB Shariah Premier 0.3 -4.5 28 AmGlobal Property Equities -3.1 3.7

10 PMB Shariah Aggressive -5.4 -13.4 29 Manulife India Equity 1.1 3.7

11 Affin Hwang AIIMAN Growth 0.9 -0.4

30 TA European 1.0 -4.2

12 Eastspring Investments Dana al-Ilham

1.1 -2.3 31 CIMB Global Titans 0.5 -6.0

13 Eastspring Investment Islamic Income

0.3 2.6 32 RHB-OSK-GS US Equity 1.9 -1.3

14 Kenanga Syariah Growth 0.3 -1.2

15 CIMB Islamic Balanced Growth 0.8 -2.0

MONEY MARKET

16 Dana Makmur Pheim 1.0 -0.9 33 Phillip Master Money Market 0.3 2.5

Fixed Income OTHERS

17 AmBon Islam 0.9 4.9

34 AmPrecious Metals -8.6 64.3

35 Manulife Investment Asia Pacific REIT -0.2 14.4

Tracking our Recommendations

Manulife India extended 1.0% in August, following announcement by the Reserve Bank of India (RBI) on series of positive measures intended to develop its bond market, to enhance participation and improve systemic liquidity. This move would liberalize the bond market and improve accessibility of funds for corporates. In order to encourage activity in the corporate bond market, broker authorized as market makers will be allowed to participate in the corporate bond repo market

For the Fixed Income Category, we are of the view that investors may want to consider having exposure to fixed income funds as per our recommendations, in light of near to medium term volatility. Overall low yield environment in developed nations will benefit emerging market bonds massively as investors seek yield.

As for the mixed asset category, Eastspring Investments Asia Select Income gained 2.2% in August, supported by its allocation into India and China. China’s August activity data was marginally better than July reading thanks to September mid-Autumn Festival and G20 summit that was held in China in early September. The summit led to many factories required by the Chinese government to go on hiatus in order to minimise pollution. Thus, led to manufacturers and exporters front-loading their activities and deliveries in August.

With the prolonged low interest rate environment in developed countries i.e. Japan, Europe and England and also the further delay in the Fed interest rate hike, we reckon investors will continue to hunt for yields, which would benefit REIT funds. Therefore, we would like to reiterate that we added Manulife Investments Asia Pacific REIT and AmPrecious Metals, a safe haven proxy in our tracking recommendations.

Note: Preferred

Source: Lipper

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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

Affin Hwang Equity 29/4/1993 4.19 2.03 9.44 -2.45 6.42 1.441 18 13

Affin Hwang Growth 28/6/2011 4.24 1.82 8.81 -0.27 6.2 1.397 21 16

Affin Hwang Principled Growth 22/7/2009 4.32 1.81 8.98 -2.11 6.32 1.395 20 17

E AMB Ethical Trust 7/1/2003 2.84 0.48 8.16 9.77 6.04 1.33 24 20

AMB SmallCap Trust 3/3/2004 6.37 1.8 14.15 16.2 8.67 1.575 7 8

E AMB Unit Trust 26/3/1992 7.39 5.62 15.8 16.77 6.18 2.417 4 2

E AMB Value Trust A MYR 7/1/2003 5.81 4.25 9.96 3.88 5.58 1.732 16 6

E AmDividend Income 28/3/2005 -1.18 -4.41 4.03 13.64 6.15 0.672 31 31

E AmMalaysia Equity 15/10/2001 2.16 -2.27 9.39 20.5 7.7 1.205 19 21

E AmTotal Return 10/1/1989 0.61 -2.62 3.44 0.38 5.11 0.686 32 30

Areca equityTrust 23/4/2007 3.55 0.6 13.37 30.1 8.31 1.556 8 10

E CIMB-Principal Equity 1/8/1995 2.83 0.01 6.26 10.77 5.74 1.086 28 24

E CIMB-Principal Equity Aggressive 3 12/3/1998 3.94 0.93 10.33 5.02 7.21 1.402 14 14

E Eastspring Investments Equity Income 18/10/2004 7.42 7.94 16.38 30.62 4.89 3.143 3 1

E Eastspring Investments Growth 29/5/2001 1.41 -2.92 12.77 22.26 9.36 1.333 10 18

E Eastspring Investments MY Focus 1/3/2011 1.01 -2.26 11.6 48.17 10.32 1.116 12 23

KAF Tactical 2/9/2004 7.6 3.19 12.79 -16.5 9.38 1.332 9 19

E Kenanga Growth 17/1/2000 3.15 -0.41 11.91 48.11 7.65 1.512 11 11

E Kenanga Malaysian Inc 9/11/2007 6.16 3.28 16.82 31.05 8.03 1.985 2 4

Kenanga OA Inv-Kenanga Blue Chip 23/4/2004 4.15 2.81 7.1 3.69 4.45 1.568 27 9

E Kenanga Premier 26/11/1996 2.79 2.29 11.29 9.71 6.43 1.699 13 7

E Libra DividendEXTRA 18/3/2005 8.18 4.68 10.21 20.51 9.98 1.025 15 25

E Libra EquityEXTRA 10/9/1999 5.17 2.9 14.28 6.66 9.48 1.459 6 12

Maybank Q-Opportunities 4/7/2011 4.11 1.77 8.5 2.03 5.96 1.402 23 15

E MIDF Amanah Dynamic 5/5/1976 -3.69 -7.77 7.79 24.52 11.02 0.733 26 29

MIDF Amanah Growth 2/12/1966 -1.55 -4.15 9.45 11.88 9.89 0.963 17 26

Phillip Master Equity Growth 18/6/2003 6.67 2.25 18.47 16.15 8.12 2.139 1 3

E RHB Capital 12/4/1995 7.14 2.66 15.72 6.32 8.42 1.783 5 5

RHB KLCI Tracker 3/4/2000 2.08 -0.1 5.39 1.36 7.18 0.766 29 28

E RHB Malaysia Dividend 4/3/2008 -8.45 -12.17 0.01 -1.91 17.76 0.085 34 34

E RHB Smart Treasure 7/9/2004 -9.55 -13.55 8.09 29.19 21.77 0.46 25 32

E TA Comet 1/10/1999 3.1 -0.24 1.56 14.08 7.56 0.24 33 33

TA Growth 1/7/1996 3.19 0.12 5.38 10.58 6.67 0.818 30 27

TA High Growth 7/6/2004 4.68 2.52 8.55 5.39 7.19 1.178 22 22

AVERAGE 3 0.08 9.89 13.12 8.15 1.313

Malaysia, Equity-Islamic Growth

Aberdeen Islamic Malaysia Equity A 17/1/2013 8.17 5.85 8.21 12.41 6.76 1.2 12 10

Affin Hwang Aiiman Equity 1/8/2007 2.34 -0.89 6.79 1.32 6.52 1.04 20 16

E Affin Hwang Aiiman Growth 8/10/2002 2.45 -0.37 8.19 12.55 6.62 1.22 13 9

AmanahRaya Islamic Equity 23/4/2008 0.97 -3.35 9.21 10.73 8.4 1.09 8 13

E AMB Dana Ikhlas 17/9/2002 3.61 1.99 7.21 11.61 3.9 1.81 18 1

E AMB Dana Yakin 24/11/2000 3.18 0.64 12.32 10.46 7.31 1.63 3 2

AMB Shariah Value Plus A-MYR 16/6/2015 4 0.46 6.91 6.46 1.07 19 15

AMB Shariah Value Plus C-MYR 16/6/2015 4.06 0.56 7.09 6.47 1.09

E AmIslamic Growth 10/9/2004 1.01 -3.44 6.26 12.63 7.66 0.83 26 22

E AmIttikal 12/1/1993 3.51 -1.01 8.98 13.56 7.8 1.14 9 12

BIMB i Dividend 18/3/2011 -1.37 -6.79 2.51 -7.41 10.1 0.29 32 32

BIMB i Growth 30/6/1994 -4.13 -11.23 -2.81 -11.72 10.3 -0.23 35 35

BIMB-Arabesque i Global Dividend 1 - MYR 5/11/2015 6.8 -2.24

E CIMB Islamic Al-Azzam Equity 1/8/2012 0.92 -4.86 6.2 13.13 9.16 0.7 27 25

E CIMB Islamic Equity Aggressive 15/6/1995 4.61 0.22 12.39 18.31 8.84 1.37 2 6

E Eastspring Investments Dana al-Ilham 14/8/2002 2.2 -2.29 9.56 32.97 8.04 1.18 7 11

E KAF Dana Adib 25/3/2004 -3.13 -9.85 -1.58 0 9.62 -0.12 34 34

E Kenanga Islamic 15/8/2002 1.63 -0.52 7.57 13.48 5.86 1.28 15 8

E Kenanga OA Inv-Kenanga Ekuiti Islam 23/4/2004 3.34 0.53 10.31 11.97 6.74 1.49 5 3

E Kenanga OA Inv-Kenanga Shariah Growth Opps 23/4/2004 2.71 -0.24 8.69 16.74 6.49 1.32 10 7

From the Scoreboard

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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 Syariah Growth 29/1/2002 2.19 -1.16 7.3 14.4 6.78 1.07 16 14

E Libra Amanah Saham Wanita 4/5/1998 2.6 1.5 12.23 12.96 8.22 1.45 4 4

Manulife Shariah-Dana Ekuiti 27/5/2013 0.21 -1.77 12.67 27.33 8.97 1.38 1 5

E MIDF Amanah Islamic 14/5/1971 -2.97 -6.08 8.6 22 10.55 0.83 11 21

Pacific Dana Dividen 26/7/2007 4.18 -0.32 6.69 8.03 10.47 0.67 21 26

PMB Dana Al-Aiman 19/5/1997 -2.41 -7.26 4.3 1.7 8.62 0.53 30 29

PMB Dana Bestari 3/10/2002 -2.54 -7.43 4.03 3.54 8.68 0.5 31 30

PMB Dana Mutiara 5/8/2004 -2.75 -6.02 7.29 2.23 8.84 0.84 17 20

E PMB Shariah Aggressive 21/11/2005 -4.81 -13.36 6.51 30.49 15.67 0.48 24 31

PMB Shariah Dividend 21/7/2008 1.9 -3.65 9.65 19.28 9.74 0.99 6 17

E PMB Shariah Growth 28/12/1972 -3.4 -10.24 6.64 19.54 11.56 0.61 22 27

E PMB Shariah Index 25/3/2002 -0.04 -4.06 6.49 5.31 8.03 0.82 25 23

E PMB Shariah Premier 12/6/1995 -1.02 -4.53 8.08 13.06 8.15 0.99 14 18

PMB Shariah Small-Cap 16/5/2016

PMB Shariah Tactical 29/10/1979 -1.38 -4.41 5.91 5 7.36 0.82 28 24

E RHB Dana Islam 26/10/2001 -8.6 -11.95 1.93 5.13 13.33 0.21 33 33

RHB-OSK Islamic Growth 26/1/2004

TA Dana Fokus 17/6/2008 4.14 -1.55 6.59 -4.87 7.61 0.88 23 19

TA Islamic 24/4/2001 2.13 -4.18 4.4 6.95 8.61 0.54 29 28

AVERAGE 0.84 -3.44 7.04 10.73 8.51 0.91

Malaysia Equity Small Cap

E CIMB-Principal Small Cap 20/4/2004 -7.85 -15.55 4.31 8.75 16.21 0.33 6 6

E Eastspring Investments Small-cap 29/5/2001 2.02 -0.46 17.94 73.52 10.61 1.61 1 2

E KAF Vision 1/3/2000 4.22 -5.77 10.29 48.32 12.81 0.83 5 3

E Kenanga OA Inv-Kenanga Growth Opportunities 23/4/2004 3.93 2.33 14.61 23.95 7.62 1.83 3 1

MIDF Amanah Strategic 1/6/1970 -3.76 -7.69 11.67 27.34 15.11 0.8 4 4

E RHB Small Cap Opportunity 20/4/1998 -4.98 -8.23 15.8 45.07 21.04 0.8 2 5

TA Small Cap 9/2/2004 6.42 0.54 1.81 1.04 9.79 0.23 7 7

AVERAGE 0 -4.98 10.92 32.57 13.31 0.92

Asia Equity Offshore

Affin Hwang Select APAC ex-Japan REITs and Infra 25/4/2007 9.4 5.55 10.82 37.58 10.53 1.03 19 14

Affin Hwang Select Asia (ex Japan) Opportunity 18/7/2006 11.08 6.32 9.92 22.33 10.47 0.96 22 17

Affin Hwang Select Asia (ex Japan) Quantum 15/4/2004 19.19 13.09 21.59 36.12 11.16 1.82 4 5

Affin Hwang Select Dividend 28/3/2011 6.48 5.74 11.75 24.21 5.12 2.2 15 3

Affin Hwang Select Opportunity 7/9/2001 9.18 7.36 13.95 18.1 5.86 2.27 12 2

E Affin Hwang World Series - China Growth 11/7/2011 11.69 -12.06 -6.03 22.09 26.12 -0.1 48 48

AmASEAN Equity 6/6/2011 5.78 3.39 10.31 25.8 8.33 1.22 20 10

AmAsia Pacific Equity Income 18/4/2012 21.61 8.1 11.56 28.78 18.51 0.68 16 25

AmAsia Pacific Leisure Dividend 25/2/2013 8.33 0.71 6.97 5.62 12.69 0.59 31 28

AmAsia Pacific REITs B MYR 18/7/2011 10.59 13.8 20.2 51.7 9.68 1.96 5 4

AmAsia Pacific REITs Plus 1/7/2013 8.75 7.84 16.02 44.19 12.1 1.29 9 9

AmAsia-Pacific Property Equities 18/7/2006 8.8 3.6 7.65 27.29 13.72 0.6 26 27

AmCumulative Growth 24/7/1996 12.54 -1.44 3.54 29.11 15.34 0.3 36 36

CIMB-Principal ASEAN Equity 12/9/2007 10.91 7.46 7 23.21 12.02 0.62 29 26

CIMB-Principal Asia Pacific Dynamic Income MYR 25/4/2011 11.38 3.79 4.07 47.9 14.79 0.34 35 35

CIMB-Principal China-India-Indonesia Equity 21/1/2010 16.99 5.04 10.11 61.87 14.9 0.72 21 21

E CIMB-Principal Equity Growth & Income 15/5/1991 6.09 1.1 5.69 20.4 6.79 0.85 32 18

CIMB-Principal Greater China Equity 12/6/2007 18.06 4.61 11.99 56.3 19.34 0.68 14 24

E Eastspring Investments Asia Pacific Equity MY 21/7/2005 15.42 1.55 2.31 24.54 19.2 0.21 40 41

Eastspring Investments Dinasti Equity 26/10/2009 15.14 6.04 11.18 38.17 17.07 0.7 17 23

Eastspring Investments Indonesia Equity MY 27/4/2011 9.65 14.41 24.35 28.32 21.3 1.13 2 12

Kenanga Asean Tactical Total Return 1/7/2015 5.32 1.95 9.62 7.81 1.22 23 11

Kenanga Asia Pacific Total Return 11/7/2013 8.43 -0.5 1.39 36.34 13.67 0.17 42 42

Kenanga Global Opportunities 21/6/2010 1.75 -9.54 -9.02 -13.37 17.27 -0.46 49 49

Libra Consumer and Leisure Asia 18/7/2007 12.84 5.3 12.99 52.64 15.96 0.84 13 19

Manulife Asian Small Cap Equity MYR 8/4/2015 12.03 -1.04 2.29 14.92 0.22 41 39

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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)

Manulife China Equity 7/1/2010 11.37 -7.94 -3.34 33.88 20.2 -0.07 47 47

Manulife Equity Plus 29/12/2009 2.13 1.2 10.94 16.68 7.29 1.46 18 7

Manulife Global Resources 7/1/2010 18.72 18.54 14.21 -1.97 21.94 0.71 11 22

Manulife Investment Asia-Pacific REIT 7/6/2007 12.38 14.43 18.97 56.35 11.45 1.58 6 6

Manulife Investment Greater China 21/10/2008 17.93 3.34 7.36 31.52 18.85 0.47 27 31

Manulife Investment Indonesia Equity 19/10/2010 8.22 14.21 18.51 -12.2 16.31 1.12 7 13

Manulife Investment Pacific 23/6/2005 18.15 6.63 16.38 37.65 17.44 0.96 8 16

Pacific Focus China 19/5/2009 15.65 1.09 0.43 30.82 17.95 0.11 44 44

E Pheim Asia Ex-Japan 30/6/2006 3.17 -3.97 5.08 15.59 13.94 0.42 33 33

RHB Asean 2/12/2009 11.5 6.92 14.4 25.04 14.47 1 10 15

RHB Asia Consumer 18/1/2010 10.66 -0.72 3.26 -2.22 14.12 0.29 37 37

RHB Asia Financials 11/1/2011 15.7 -3.05 -2.43 34.76 19.04 -0.04 46 46

E RHB Asia Pacific 6/1/2006 10.57 2.08 -0.06 10.42 12.88 0.05 45 45

RHB Asian Growth Opportunities 8/1/2008 12.73 2.6 7.97 28.32 15.36 0.57 25 30

RHB Big Cap China Enterprise 3/12/2007 16.81 -1.64 2.58 38.03 21.5 0.22 38 38

RHB China-India Dynamic Growth 11/3/2010 20.1 -1.4 1.04 73.99 19.74 0.15 43 43

E RHB Emerging Opportunity 18/5/2004 -5.13 -8.81 6.98 10.24 17.74 0.46 30 32

E RHB Equity 8/8/1996 -8.69 -13.33 2.43 -12.27 20.54 0.21 39 40

RHB Indonesia Equity Growth 4/4/2011 10.34 13.89 22.9 23.98 16.15 1.36 3 8

E RHB Resources 16/5/2006 8.85 5.84 7.25 -3.6 13.67 0.58 28 29

RHB Singapore Income Feeder MYR 18/1/2016 3.25

TA Asian Dividend Income 15/8/2007 10.53 0.86 4.6 27.26 14.99 0.37 34 34

E TA South East Asia Equity 28/11/2005 11.75 9.19 8.93 24.3 11.67 0.79 24 20

Templeton Asian Growth MYR A 21/9/2015 10.04 3.37

Templeton Asian Smaller Companies MYR A 7/10/2015 19.12 9.16

United ASEAN Discovery 8/12/2014 7.62 7.14 25.86 8.93 2.64 1 1

AVERAGE 10.79 3.56 8.7 26.87 14.71 0.76

Equity Offshores-Others

Affin Hwang Global Commodity 20/8/2007

Affin Hwang World Series - EU Unconstrained MYR H 9/11/2015 0.94 -5.28

Affin Hwang World Series - Global Equity MYR 23/11/2015 6.46 -2.42

AmBRIC Equity 9/11/2009

AmCommodities Equity 19/7/2010 -1.46 -6.08 -7.36 -15.26 18.51 -0.33 31 29

AmGlobal Agribusiness 3/5/2007 7.09 -2.67 -8.75 13.57 19.25 -0.38 32 31

AmGlobal Emerging Market Opportunities 18/3/2008 14.6 3.14 5.16 24.51 15.52 0.4 12 11

AmGlobal Property Equities 25/10/2005 10.49 3.65 11.99 52.93 14.67 0.84 5 5

AmPan European Property Equities 6/3/2007 8.4 -4.71 -0.37 74.99 21.34 0.08 21 20

AmPrecious Metals 15/11/2007 27.1 64.33 57.29 -4.5 45.4 1.2 2 3

AmSchroder European Equity Alpha 8/8/2006 4.81 -7.42 -7.04 23.59 18.8 -0.3 30 28

BIMB-Arabesque i Global Dividend 1 - MYR 5/11/2015 6.8 -2.24

CIMB-Principal Australian Equity 20/3/2010 16.5 2.88 4.83 10.38 18.76 0.34 13 13

CIMB-Principal Global Titans 18/7/2005 4.57 -5.97 -1.93 45.06 16.43 -0.04 24 24

Eastspring Investments Global Basics MY 17/1/2007 12.7 5.7 8.13 23.03 16.41 0.56 8 9

Eastspring Investments Global Emerging Markets 11/1/2008 18.26 5.96 7.77 23.47 15.51 0.56 9 8

Eastspring Investments Global Leaders MY 23/3/2006 10.26 -1.84 2.35 33.35 21.29 0.21 18 18

Franklin U.S. Opportunities MYR 8/5/2013 11.47 -0.95 -1.78 31.58 16.15 -0.04 23 23

Global Dividend - MYR 11/4/2016

Global Dividend - USD 11/4/2016

Global Multi-Asset Income MYR 17/3/2014 9.14 6.21 5.48 6.61 0.84

KAF Global Diversified Property 9/8/2007

KAF Global Equities 19/5/2006

Kenanga Global Dividend 19/3/2007 6.93 -1.9 -1.48 29.83 15.65 -0.02 22 22

Manulife India Equity 7/1/2010 23.97 3.71 5.87 110.53 19.89 0.38 11 12

Manulife Investment Pacific 23/6/2005 18.15 6.63 16.38 37.65 17.44 0.96 3 4

Manulife Investment U.S. Equity 21/10/2009 6.22 -1.78 2.66 50.7 12.85 0.26 15 15

Pacific Asia Brands 20/1/2006 12.46 -1.98 2.45 15.28 17.83 0.22 17 17

Pacific Focus18 16/6/2005 6.75 -2.17 2.49 4.89 13.42 0.25 16 16

- 9 -

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)

Pacific Glb Agriculture, Infra And

Resources 12/4/2010 11.97 7.46 11.73 -2.78 16.5 0.75 6 6

Pacific Global Stars 20/7/2006 6.26 -5.54 -0.09 16.22 14.88 0.06 20 21

RHB Agriculture 11/8/2011 -3.98 -4.96 -6.69 -34.21 1.65 -4.17 29 32

RHB Global Equity Yield 9/11/2005 10.66 -6.33 -4.33 20.43 21.89 -0.1 27 25

RHB Global Food Islamic Equity 11/8/2011 14.41 13.16 16.13 20.86 10.37 1.5 4 1

RHB Global Macro Opportunities MYR 1/6/2016

RHB Global Macro Opportunities USD 1/6/2016

RHB Global New Stars 24/1/2007 9.02 -6.53 -4.44 -4.1 17.18 -0.18 28 27

RHB Global Themes 5/1/2007

RHB Gold And General 21/7/2009 27.96 63.95 61.73 16.32 48.19 1.22 1 2

RHB Private Equity Opportunity 1 28/7/2016 RHB US Focus Equity 15/10/2010 15.12 10.39 10.71 38.4 15.83 0.72 7 7

RHB-GS BRIC Equity 11/1/2011

RHB-GS US Equity 18/5/2011 12.27 -1.26 4.15 20.6 19.11 0.3 14 14

TA BRIC and Emerging Markets 25/2/2010 8.15 1.91 -3.96 14.48 10.17 -0.35 26 30

TA European Equity 20/3/2007 3.03 -4.18 0.62 38.02 13.19 0.11 19 19

TA Global Technology 26/5/2011 9.87 -1.48 7 57.08 18.86 0.45 10 10

Templeton Global Equity MYR A 13/4/2015 11.06 -0.14 -3.42 17.32 -0.12 25 26

AVERAGE 10.97 3.72 5.87 25.38 18.13 0.17

Asia Equity Offshore Islamic

Aberdeen Islamic APAC ex Japan Equity A MYR 2/12/2015 11.99 4.12

Aberdeen Islamic World Equity A MYR 17/1/2013 10.49 2.91 0.3 28.72 13.28 0.08 6 6

Affin Hwang Aiiman Asia (ex Japan) Growth MYR 14/12/2015 8 8.06

AmIslamic Greater China 8/11/2010 11.97 -2.03 0.75 -7.79 14.79 0.12 5 5

E AmOasis Global Islamic Equity 21/4/2006 2.43 -4.66 -3.59 22.95 13.4 -0.21 9 8

E CIMB Islamic Asia Pacific Equity 2/6/2006 8.84 -0.03 1.97 31.47 12.3 0.22 4 4

Eastspring Investments Asia Pacific Shariah Equity 22/11/2007

KAF Australia Islamic Property A AUD 1/8/2016

KAF Australia Islamic Property A MYR 1/8/2016

Manulife Investment Asia-Pacific REIT 7/6/2007 12.38 14.43 18.97 56.35 11.45 1.58 1 1

Manulife Investment Shariah Asia-Pacific 16/1/2008 14.22 4.33 7.63 13.78 14.51 0.58 3 3

Namaa' Asia-Pacific Equity Growth 15/8/2008 2.73 -5.27 -3.54 4.59 11.49 -0.26 8 9

E Pheim Asia Ex-Japan Islamic 1/11/2006 4.18 0 12.55 18.38 11.92 1.05 2 2

RHB Islamic Asean Megatrend B USD 26/4/2016

RHB Islamic Asean Megatrend MYR 26/4/2016

RHB Islamic Global Developed Markets MYR 28/5/2015 6.4 -4.63 -2.85 13.84 -0.14 7 7

RHB-OSK Asia Pacific Maqasid 23/2/2010

AVERAGE 8.51 1.57 3.58 21.06 13 0.34

Malaysia Mixed Assets

Affin Hwang Aiiman Select Income 1/3/2013 5.46 4.94 8.34 14.07 3.08 2.63 14 3

E Affin Hwang Select Balanced 28/7/2003 5.79 4.77 8.59 16.63 3.9 2.14 13 7

Affin Hwang Select Income 6/1/2005 6.02 3.79 6.37 24.72 4.48 1.4 18 19

Affin Hwang Select SGD Income MYR 1/8/2012 4.65 1.77 4.67 27.64 9.36 0.53 23 29

E Affin Hwang Tactical 10/8/2010 4.95 3.35 10.74 2.48 5.69 1.83 6 11

E AMB Balanced Trust 19/9/1994 3.9 3.2 8.72 13.2 3.46 2.44 10 5

E AMB Index-Linked Trust 16/5/2002 2.28 0.13 5.56 3.51 6.59 0.85 21 25

E AmBalanced 16/9/2003 0.84 -1.13 4.08 2.59 3.93 1.04 27 22

E AmConservative 16/9/2003 2.75 3.28 8.18 15.78 2.55 3.11 15 2

E Eastspring Investments Balanced 29/5/2001 0.77 -2.16 11.67 33.36 7.51 1.51 4 17

E Eastspring Investments Dynamic 6/11/2003 2.5 -1.19 14.23 50.53 8.27 1.66 2 12

InterPac Cash 25/7/2007 1.58 2.11 3.2 8.8 0.04 76.17 30 1

InterPac Dynamic Equity 25/7/2007 -1.28 -0.6 4.36 -2.57 4.56 0.96 26 24

KAF Enhanced Bond 30/1/2002 0.57 4.12 5.86 16.41 3.56 1.62 19 14

E KAF First 16/1/1996 3.14 -0.15 9.19 23.37 6.08 1.48 8 18

KAF Jade 1/11/2006 9.33 -5.62 0.36 8.42 19.42 0.11 35 34

E Kenanga Balanced 23/5/2001 3.67 1.82 8.76 13.4 4.32 1.97 9 10

E Kenanga OA Inv-Kenanga Diversified 23/4/2004 4.85 2.14 11.64 10.45 5.5 2.04 5 9

- 10 -

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

Kenanga OA Inv-Kenanga Managed

Growth 23/4/2004 5.13 2.59 11.77 10.96 5.3 2.13 3 8

Libra Resource Equity 18/3/2011 9.05 -1.9 2.77 15.89 0.25 32 32

E Libra TacticalEXTRA 18/3/2005 3.2 2.13 10.61 1.21 7.46 1.39 7 20

Maybank Q-Target Return 4/7/2011 4.29 3.58 7.81 4.43 2.89 2.63 16 4

E Pacific SELECT Balance 11/8/2003 4.36 1.97 7.23 1.42 7.17 1.01 17 23

E Pacific SELECT Income 11/8/2003 1.58 1.33 3.25 2.91 2.01 1.61 29 15

E Pheim Emerging Companies Balanced 28/1/2002 2.13 -2.38 5.23 15.14 8.95 0.61 22 28

E Pheim Income 28/1/2002 1.71 0.68 4.53 13.73 2.85 1.57 24 16

E RHB Goldenlife 2020 21/2/2005 -6.49 -8.35 1.56 4 10.36 0.2 33 33

E RHB Goldenlife 2030 21/2/2005 -6.86 -9.87 4.42 5.33 14.27 0.37 25 30

E RHB Goldenlife Today 21/2/2005 1.03 1.43 5.74 13.98 3.49 1.62 20 13

E RHB Growth And Income Focus 7/1/2005 -7.62 -10.26 3.71 21.98 16.55 0.3 28 31

E RHB Kidsave 10/5/1999 -7.68 -11.65 0.4 -2.31 15.72 0.1 34 35

E RHB Smart Balanced 7/9/2004 -3.52 -6.51 8.72 32.58 13.29 0.69 12 27

E RHB Smart Income 7/9/2004 -1.07 -1.8 8.72 25 7.85 1.1 11 21

E RHB Thematic Growth 26/9/2007 11.44 7.29 21.45 26.48 8.99 2.22 1 6

TA Income 6/5/2002 2.62 1.44 3.02 4.04 3.81 0.8 31 26

AVERAGE 2.14 -0.16 7.01 13.64 7.12 3.49

Malaysia Mixed Assets-Islamic

Affin Hwang Aiiman Balanced 11/11/2001 3.72 2.49 8.68 4.16 4.32 1.95 4 4

E AmIslamic Balanced 10/9/2004 2.18 0.72 7.72 15.46 4.22 1.79 5 5

BIMB Dana Al-Falah 27/12/2001

BIMB Dana Al-Munsif 27/12/2001 -0.71 -3.69 0.13 -8.56 4.69 0.05 15 15

E CIMB Islamic Balanced Growth 26/5/2003 1.17 -2 5.18 11.93 5.03 1.03 11 9

E CIMB Islamic Enhanced Sukuk 23/2/2005 2.97 2.25 6.41 12.85 2.21 2.83 6 1

E Dana Makmur Pheim 28/1/2002 0.96 -0.86 11.48 26.39 6.92 1.61 1 7

E Eastspring Investments Dana al-Islah 14/8/2002 1.94 1.94 5.55 10.88 2.04 2.66 9 2

E Eastspring Investments Dana Dinamik 25/2/2004 2.62 -1.92 9.98 28.86 8.16 1.21 3 8

InterPac Dana Safi 25/7/2007 -1.37 -1.21 3.63 -0.49 4.29 0.85 13 10

E KAF Dana Alif 26/2/2003 -0.88 -5.25 1.04 4.16 6.59 0.19 14 14

E Kenanga Islamic Balanced 6/12/2004 1.77 0.54 6.33 10.06 3.69 1.68 7 6

Kenanga OA Inv-Kenanga Shariah Balanced 23/4/2004 -2.01 -5.29 -2.45 -20.75 4.91 -0.48 17 17

E Libra SyariahEXTRA 1/1/2003 3.53 3.89 10.53 18.4 4.26 2.38 2 3

E PMB Shariah Balanced 8/12/1997 -0.5 -2.59 3.69 8.74 4.45 0.84 12 11

E RHB Dana Hazeem 18/2/2013 -5.88 -9.99 6.03 11.14 15.24 0.46 8 13

RHB Mudharabah 9/5/1996 -7.13 -8.31 -0.47 -7.88 9.9 0 16 16

TA Dana Optimix 17/1/2005 1.93 -3.47 5.29 9.55 8.3 0.66 10 12

AVERAGE 0.25 -1.93 5.22 7.94 5.84 1.16

Mixed Assets Offshore

Affin Hwang Select AUD Income MYR 18/3/2010 6.13 2.09 7.4 24.54 8.88 0.85 5 7

AmAustralia 15/3/2011 11.04 -1.86 4.83 17.71 15.46 0.38 9 9

Amundi International 3/9/2015 7.29 7.29

Amundi International - USD 3/5/2016

E Eastspring Investments Asia Select Income 18/11/2005 10.14 3.61 5.58 30.95 7.26 0.78 7 8

Eastspring Investments Enhanced Income 28/5/2007 5.81 3.32 5.23 16.32 4.75 1.1 8 5

E KAF Core Income 2/9/2004 8.26 8.72 20.23 10.82 7.56 2.49 1 1

Libra IncomeEXTRA 10/9/1999 7.64 5.05 9.52 7.95 1.18 3 4

Pacific Income 18/8/2000 3.34 2.72 5.8 5.16 3.78 1.51 6 3

Pacific Real Opportunities Absolute Return 21/4/2016

RHB Asian Income MYR 5/6/2012 8.18 6.32 8.69 40.48 9.76 0.9 4 6

RHB Golden Dragon 8/5/2007 9.27 -1.21 1.01 26.1 14.49 0.14 10 10

RHB-OSK Muhibbah Income 12/3/2007

E TA Asia Pacific Islamic Balanced 7/11/2006 3.16 -2.56 -1.28 16.53 9.7 -0.09 11 11

E TA Global Asset Allocator 12/6/2006 3.98 -4.75 -3.31 20.26 12.39 -0.21 13 13

Templeton Global Balanced MYR A 5/5/2015 8.74 1.31 -1.9 12.98 -0.09 12 12

United Bond & Equity Strategic Trust 8/9/2014 5.51 3.77 14.15 6.25 2.16 2 2

AVERAGE 7.04 2.41 5.84 20.89 9.32 0.85

- 11 -

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)

Fixed Income

Affin Hwang Bond 12/12/2001 3.85 5 6.52 12.58 0.79 8.02 19 8

Affin Hwang Flexible Maturity Income IV 21/6/2016

Affin Hwang Select Bond 28/7/2003 5.52 5.52 8.17 25.58 2.45 3.23 9 21

E AmanahRaya Unit Trust 21/9/2006 3.37 4.33 5.79 12.78 0.55 10.19 22 6

E AMB Dana Arif A MYR 27/4/2004 3.09 3.86 5.05 16.09 0.75 6.55 26 11

E AMB Dividend Trust 6/6/2006 6.53 5.28 8.08 20.72 5.93 1.34 10 27

E AMB Enhanced Bond Trust 27/5/2003 3.11 3.38 6.62 14.41 1.46 4.41 18 19

E AMB Lifestyle Trust Today 25/11/2004 6.59 6.81 11.66 22.23 3.57 3.12 3 22

AmBond 20/1/2000 3.5 4.68 6.72 11.35 0.62 10.59 17 4

AmConstant Multi Maturity 18/11/2010

AmConstant Multi Maturity 2 17/10/2011

E AmDynamic Bond 16/9/2003 2.8 4.67 7.41 15.47 2.18 3.3 14 20

E AmIncome Plus 17/6/2004 2.08 2.75 4.11 10.57 0.26 15.68 31 1

AmTactical Bond B MYR 29/10/2012 4.23 6.85 10.86 22.46 4 2.61 4 23

Amundi Bond Global Aggregate MYR 3/9/2015 -0.34 -0.34

Amundi Bond Global Aggregate USD 3/6/2016

Areca incomeTrust 23/4/2007 2.7 3.46 4.66 11.12 0.47 9.76 28 7

E CIMB-Principal Bond 15/11/1995 3.16 3.99 5.25 12.04 0.76 6.75 24 9

E CIMB-Principal Strategic Bond 23/3/2004 3.83 5 6.11 11.69 0.89 6.7 21 10

E Eastspring Investments Bond 29/5/2001 3 3.96 6.17 22.29 0.49 12.26 20 2

Eastspring Investments Bond Plus 1/4/2013 3.11 3.77 5.26 14.64 1.11 4.63 23 17

Franklin Malaysia Sukuk A MYR 18/11/2015 1.99 2.89

Franklin Malaysia Sukuk I MYR 18/11/2015 3.27 4.28

KAF Bond 1/11/2006 4.15 5.58 7.63 17.87 0.7 10.52 12 5

Kenanga Bond 15/8/2002 2.87 3.6 4.29 8.7 0.76 5.52 30 13

Kenanga Global Emerging Markets Debt 22/7/2008

Kenanga OA Inv-Kenanga Income Plus 23/4/2004 2.99 3.87 4.66 10.25 0.96 4.77 29 16

E Libra BondEXTRA 8/10/2002 4.4 6.75 9.11 19.6 1.81 4.84 6 15

Libra Strategic Opportunity 1/11/2012 -50.47 -68.84 -54.16 -50.54 113.16 -0.2 37 34

Manulife Bond Plus 29/12/2009 2.8 3.24 5.04 14.98 1.08 4.58 27 18

Maybank Financial Institutions Income 17/12/2009 2.8 3.7 5.21 12.25 0.44 11.51 25 3

Maybank Global Bond 4/11/2013 0.42 -5.41 -4.21 6.96 -0.58 36 36

Maybank Q-Income 4/7/2011 -3.07 -2.97 -2.68 7.52 3.19 -0.84 35 37

Opus Dynamic Income 3/6/2009 3.95 5.58 6.91 16.13 1.02 6.55 15 12

RHB Asian High Yield-MYR 8/6/2015 13.81 12.87 14.52 6.8 2.04 2 26

E RHB Asian Total Return 26/2/2007 3.88 2.38 6.73 44.25 10.58 0.67 16 31

RHB Emerging Markets Bond 3/1/2012 9.15 7.49 7.9 46.26 9.63 0.84 11 29

RHB Energy 23/3/2009 16.14 18.27 17.43 -9.6 14.02 1.22 1 28

E RHB Income 1 18/4/2001

E RHB Income 2 26/2/2003 3.47 5.09 7.47 15.17 1.37 5.3 13 14

TA All-Cycle Commodities Income 4/5/2009 2.12 5.18 10.07 18.04 4.45 2.18 5 24

TA Total Return Fixed Income 1/10/2012 3.23 1.88 3.28 23.73 6.97 0.5 32 32

Templeton Asian Bond MYR 5/2/2013 1.57 -1.47 -2.48 -3.45 7.09 -0.32 34 35

Templeton Global Total Return MYR 14/11/2012 3.99 -1.32 -1.12 -0.01 8.23 -0.1 33 33

United Asian High Yield MYR 30/6/2015 6.14 4.41 8.67 10.67 0.83 7 30

United Income Plus 9/2/2015 3.83 3.07 8.45 3.77 2.17 8 25

United RMB Income & Growth MYR 28/11/2013

United Target Income Bond 7 18/7/2016

AVERAGE 2.57 2.28 4.63 13.55 6.48 4.62

Fixed Income Islamic

Affin Hwang Aiiman Global Sukuk MYR 14/12/2015 -1.22 -1.54

E Affin Hwang Aiiman Income Plus 28/6/2004 4.02 5.35 6.87 13.32 0.78 8.54 5 4

E AmanahRaya Syariah Trust 21/9/2006 3.78 4.77 5.98 12.77 0.76 7.69 9 8

E AMB Income Trust 19/6/1996 3.31 3.81 5.38 29.2 0.98 5.39 10 13

E AmBon Islam 26/11/2001 4.04 4.95 6.55 13.56 0.92 6.93 6 9

AmDynamic Sukuk A 12/6/2012 4.35 5.79 7.85 16.09 1.18 6.46 3 11

BIMB Dana Al-Fakhim 13/9/2012 1.67 2.24 3.37 9.42 0.04 78.57 14 1

E CIMB Islamic Enhanced Sukuk 23/2/2005 2.97 2.25 6.41 12.85 2.21 2.83 7 15

Eastspring Investments Dana Wafi 21/2/2005 3.06 4.05 5.23 11.72 0.55 9.29 11 3

- 12 -

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)

Kenanga OA Inv-Kenanga Bon Islam 23/4/2004 2.17 2.78 3.24 6.05 0.74 4.3 15 14

E Libra ASnitaBOND 18/3/2005 4.61 6.14 8.2 18.57 1 7.94 2 6

Libra Dana Safa 1/12/2009 2.3 3.02 4.37 12.45 0.13 32.48 13 2

Manulife Shariah-Dana Sukuk 27/5/2013 3.68 5.02 6.38 12 0.99 6.25 8 12

Opus Shariah Income 18/9/2013 4.42 5.78 7.08 1.06 6.5 4 10

Pacific Dana Murni 25/3/2003 2.99 3.82 4.93 11.29 0.62 7.82 12 7

E RHB Islamic Bond 25/8/2000 4.3 6.16 9.12 21.27 1.09 8.01 1 5

AVERAGE 3.15 4.02 6.07 14.32 0.87 13.27

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 (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)

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 31/12/2015 to 31/08/2016.

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

- 13 -

13

Date KLCI m-o-m %

Change PMB Portfolio

m-o-m %

Change

PMB Islamic

Portfolio

m-o-m %

Change

Aug-16 1678.06 +1.5 232.6 +0.9 176.5 -1.2

July-16 1653.26 -0.1 230.4 +3.1 178.6 +0.6

June-16 1654.08 1.7 223.5 -0.6 177.5 +0.1

May-16 1626.0 -2.8 224.8 +2.1 177.2 -0.2

Apr-16 1672.72 -2.6 220.2 -0.0 177.5 -1.4

Mar-16 1717.6 +3.8 220.2 +1.4 179.7 +0.5

Feb-16 1654.8 -0.8 217.1 +0.4 178.9 -0.2

Jan-16 1667.8 -1.5 216.3 -3.8 179.3 -2.3

Dec-15 1692.51 +1.2 224.8 +0.8 183.5 +1.6

Nov-15 1672.16 +0.4 223.0 +0.1 180.6 +0.6

Oct-15 1665.71 +2.8 222.9 +2.4 179.5 +1.1

Sep-15 1621.74 +0.51 217.7 +2.2 177.5 +2.9

Aug-15 1612.74 -6.4 213.0 -3.0 172.5 -4.9

July-15 1723.14 +1.0 219.6 +0.4 181.3 +0.9

June-15 1706.64 -2.3 218.7 -0.7 179.7 -1.2

May-15 1747.52 -3.9 220.2 -0.3 181.9 -2.0

Apr-15 1818.28 -0.7 220.9 +1.6 185.6 +1.0

Mar-15 1830.78 +0.5 217.7 -0.2 183.8 -2.0

Feb-15 1821.21 +2.2 218.1 +2.0 187.5 +2.1

Jan -15 1781.26 +1.1 213.8 +3.4 183.6 +2.4

Dec-14 1761.25 -3.3 206.7 -3.0 179.3 -3.0

Nov-14 1820.89 -1.9 213.1 -1.0 184.8 -1.9

Oct-14 1855.15 +0.5 215.3 -0.5 188.4 -0.5

Sep-14 1846.31 -1.1 216.4 +0.3 189.3 +0.2

Aug-14 1866.11 -0.3 215.8 -0.2 188.9 -1.0

Jul-14 1871.36 -0.6 216.2 +1.8 190.8 +0.7

Jun-14 1882.71 +0.5 212.4 +1.6 189.5 +1.7

May-14 1873.38 +0.1 209.1 +1.1 186.3 +0.7

Apr-14 1871.52 +1.2 206.8 +0.7 185.0 +0.3

Mar-14 1849.21 +0.7 205.4 +2.4 184.5 +1.3

Feb-14 1835.66 +1.8 200.6 +2.1 182.2 +1.4

Jan-14 1804.03 -3.4 196.5 -1.0 179.7 -1.0

Dec-13 1866.96 +3.0 198.5 +1.9 181.5 +1.9

Nov-13 1812.72 +0.3 194.7 +0.9 178.0 +0.4

Oct-13 1806.85 +2.2 193.0 +0.8 177.3 +2.5

Sep-13 1768.62 +2.4 191.5 +1.5 173.1 +2.0

Aug-13 1727.58 -2.5 188.7 -1.6 169.7 -1.6

Jul-13 1772.62 -0.1 191.7 +0.8 172.5 +0.1

Jun-13 1773.54 +0.2 190.2 -2.4 172.4 -1.2

May-13 1769.22 +3.0 195.0 +5.2 174.5 +5.6

Appendix

- 14 -

14

Date KLCI m-o-m %

Change PMB Portfolio

m-o-m %

Change

PMB Islamic

Portfolio

m-o-m %

Change

Apr-13 1717.65 +2.8 185.4 +1.7 165.3 +1.2

Mar-13 1671.63 +2.1 182.3 +2.5 163.4 +1.6

Feb-13 1637.63 +0.6 177.9 +1.2 160.8 +0.1

Jan-13 1627.55 -3.6 175.8 +0.5 160.7 -1.6

Dec-12 1688.95 +4.8 175.0 +2.3 163.3 +3.3

Nov-12 1610.83 -3.7 171.1 -0.2 158.1 -2.4

Oct-12 1673.07 +2.2 171.5 +2.0 162.0 +1.3

Sep-12 1636.66 -0.6 168.2 0.0 159.9 -0.2

Aug-12 1646.11 +0.9 168.2 +1.0 160.2 +1.6

July-12 1631.60 +2.0 166.6 +2.3 157.7 +3.9

Jun-12 1599.15 +1.2 162.8 +1.1 151.9 +1.2

May-12 1580.67 +0.6 161.0 -0.9 150.1 -0.5

Apr-12 1570.61 -1.6 162.5 +0.3 150.9 -0.1

Mar-12 1596.33 +1.7 162.0 +1.4 151.1 +0.2

Feb-12 1569.65 +3.0 159.8 +3.0 150.8 +2.3

Jan-12 1521.29 -0.6 155.1 +2.7 147.4 +2.0

Dec-11 1530.73 +4.0 151.1 +1.6 144.5 +4.0

Nov-11 1472.10 -1.3 148.7 +1.9 138.9 +1.0

Sep-11 1387.13 -4.2 140.0 -3.9 132.0 -3.6

Aug-11 1447.27 -6.6 145.7 -4.9 136.9 -6.0

Jul-11 1518.91 -1.9 153.2 +0.2 145.6 +0.8

Jun-11 1579.07 +1.3 152.9 +1.0 144.5 +1.0

May-11 1558.29 +1.5 151.4 +2.6 143.1 +0.9

Apr-11 1534.95 -0.7 147.6 +1.7 141.8 -0.6

Mar-11 1545.13 +3.6 145.1 +3.6 142.7 +3.7

Feb-11 1491.25 -1.9 140.1 -1.8 137.6 -2.1

Jan-11 1519.94 +0.1 142.7 +1.8 140.5 +2.1

Dec-10 1518.91 +2.3 140.2 +4.3 137.6 +2.6

Nov-10 1485.23 -1.4 135.9 +1.4 135.0 +0.1

Oct-10 1505.56 +2.9 134.5 +2.6 134.9 +3.5

Sep-10 1,463.50 +2.9 131.9 +2.6 131.4 +3.7

Aug-10 1,422.49 +4.5 129.3 +1.5 127.7 -0.9

Jul-10 1,360.92 +3.6 127.8 +3.2 128.6 +2.5

Jun-10 1,314.02 +2.3 124.6 +0.5 126.1 +1.5

May-10 1,285.01 -4.6 124.1 -4.1 124.6 -4.3

Apr-10 1,346.38 +2.0 128.2 +1.2 128.9 +0.3

Mar-10 1,320.57 +3.9 127.0 +3.3 128.6 +2.9

Feb-10 1,270.78 +0.9 123.7 +0.3 124.9 +0.9

Jan-10 1,259.16 -1.1 123.4 -0.9 123.9 +0.1

Dec-09 1,272.78 +1.1 124.3 +1.4 123.8 +1.6

* Performance includes income distribution of funds using reinvestment method.