1

34q234q

October 2017

Phillip Funds Focus A MONTHLY NEWSLETTER EXCLUSIVELY FOR

INVESTMENT PROFESSIONALS

The US Conference Board’s consumer confidence index fell by 0.5% m-o-m

to 119.8 from 120.4 the preceding month in reflection to impact of hurricanes Harvey and Irma. Inflation expectations over the next 1 year rose to 4.9% in Sep17 from 4.5% in Aug17 due to higher gasoline prices that continued after the passing of Hurricane Harvey. At the same time, US President Donald Trump had insisted that by engaging in his plans for tax cuts and tax code streamlining, would generate economic growth that would aid hurricane affected communities to recover. Although his critics remain sceptical on his proposal.

China’s Caixin Manufacturing PMI fell to 51.0 in Sep17, down from 51.6 in Aug17. This was due to the reduction of foreign demand as cost rose during a campaign by the government to lower excess capacity.

Eurozone Flash Composite PMI saw a rise to 56.7 in Sep17 from 55.7 in

Aug17. This was supported by an increase of new orders that showed a renewed surge in demand after a slowdown in the past two months. Also, manufacturing and service sectors experienced an accelerated growth and the goods-producing sector continued to show promise due to rising exports.

ASEAN bourses again had a mixed performance in Sep17, as the Stock

Exchange of Thailand (SET) continued to lead the gain at 3.5%. Followed suit were Philippines’ Stock Exchange (PCOMP) and Indonesia’s Jakarta Composite Index (JCI) with 2.7% and 0.6% gains respectively. While FTSE Bursa Malaysia KLCI (FBMKLCI) and Singapore’s Straits Times Index (STI) declined 1.0% and 1.8% for Sep17, respectively.

We remain cautiously optimistic of the markets despite an update on Donald

Trump’s tax rate policy, which was long overdue. We are still cautious due to ongoing tensions in the Korean Peninsula, which will cause the market to be volatile. Donald Trump had signed an executive order that would target anyone caught conducting business with the northern state. However, it remains to be seen how effective this executive order could be as many nations trading with North Korea are strong trading partners of the US as well. We are neutral on Malaysia, and October 27th will see the unveiling of the 2018 National Budget, which is expected to emphasize on both key citizens’ issues and a mid-to-long term growth plan for the country. Infrastructure spending and development is anticipated to be a maintained element in the 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 6-12

…Appendix 13-14

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

IMF raises global growth projections – The International

Monetary Fund (IMF) expects global GDP to expand 3.6% (vs

3.5%) in 2017 and 3.7% (vs 3.6%) in 2018, driven by pickup in

trade, investment and consumer confidence. The upgrades for

2017 was on the back of better prospects for the advanced

economies, whereas emerging market and developing

economy played a bigger role for 2018’s positive revision.

Japan pick-up in Capex in Aug17 – Japan’s core machinery

orders, which exclude orders of ships and utilities electrical

power equipment, rose 3.4% in Aug17, whilst the orders for

non-manufacturers picked-up 3.1% m-o-m. Manufacturers’

orders grew 6.1% m-o-m in Aug17, driven by general-purpose

production machinery such as machine tools. Overseas

orders, which do not accounted for core orders surged 11.5%

m-o-m, thanks to some big-ticket orders including power

generators and aircraft.

US’s non-farm payrolls hit by hurricanes – US’s non-farm

payrolls recorded contraction of 33k jobs to the labour market,

compared to a revised 169k jobs added in Aug17. This was

mainly due to the impact of hurricane Harvey and Irma during

the month, which mainly reflected in the service sectors; as the

leisure and hospitality sector retrenched 111k workers.

Business services, education and healthcare sectors hired

fewer workers in Sep17 whilst the hiring in manufacturing

sector reversed into a retrenchment.

Window to the World

A Peep into Malaysia

Source: Bloomberg Note: Percentage changes are in local currencies

FBMKLCI dropped 1.0% in Aug17 – FBMKLCI dropped 1.0%

m-o-m in Sep17, bringing the Year-to-date (YTD) performance

to 6.9%. Looking at trading participants, local retailers returned

as net buyers, which saw a buying of RM108m worth of shares

for the month. Local institutions continued to be net buyers for

the month, purchasing RM630m worth of shares. Foreign

investors continued to be net sellers for the second month,

selling RM737m worth of shares in Sep17. YTD, foreigners

remain as net buyers, buying at RM9.6bn worth of shares.

Export eased in Aug17 but near record high – Export surged

21.5% y-o-y in Aug17, albeit slowed from 30.9% in Jul17. The

slowdown was broad-based, following slowdown in commodity,

non-Electric & Electronic (E&E) and E&E exports. Aug17 saw

the exports break the RM80 bil mark for the second time this

year, hovering near the record-high of RM82.6 bil in Mar17,

indicating a still robust external activity. In term of shipment

volume, the deceleration in exports can be seen in shipments to

China, Europe, Japan and ASEAN.

Malaysia’s forex reserve rose to USD101.2 bil – After taking

into account the adjustment for forex revaluation changes as

Ringgit Malaysia (RM) strengthened, Malaysia forex reserves

dropped RM4 bil to close at RM427.7 bil as at end Sep17. At

current levels, the forex reserves are sufficient to finance 7.6

months of retained imports, which is slightly lower compared to

8.4 months a year ago. Similarly, the reserves covered 1.1x the

short-term external debt of the nation, which is slightly lower

than 1.2x coverage from a year ago.

Source: Bloomberg

M-o-M

(%)

YTD (%)

China

-0.4%

7.9%

Hong Kong

-1.5% 25.2%

Japan

3.6% 6.5%

Malaysia

-1.0% 6.9%

South Korea

1.3% 18.2%

US 2.1% 13.4%

Markets Performance

DXY Index performance: M-o-M: +0.4%, YTD: -8.9%

3

Long-awaited US tax rate update fuelled up the market. US Federal Reserve decision to start to reduce its balance sheet is welcomed as signal toward normality after global financial crisis (2008). At the same time, the long-awaited US corporate tax rate cut has finally seen some light, with President Trump recently proposed to cut company rate from 35% to 20% and simplify code, where individual will see three tax brackets of 12%, 25% and 35% compared to existing seven tax brackets. We are in view that Trump and the Republicans would be more prepared, if not aggressive as they seek to secure their first big legislative victory following the latest attempts to repeal Obamacare has met with a failure at end Sept17. This would continue to act as a confidence booster for US market to climb higher. In China, the 19th People Party’s Congress is expected to be held on 18th Oct 2017. We believe the Chinese and Hong Kong markets would remain buoyant until then. Thereafter, we would not be surprised if profit-taking sets in. The Malaysian stock market slipped 1.0% in September, partly attributed to fund redemption by foreign investors, earmarking the second consecutive month of foreign net selling in 2017. We think that current market is lack of catalyst, pending the 14th General Election which is yet to be announced. Budget 2018, which will be tabled on 27th October is likely to be an election budget and we anticipate for the budget to be people-centric, focusing on developing the wellbeing of the citizen to ease the burden of the rising cost of living. As such, we remain neutral on the Malaysian equity market and think that it is still a cherry-picking market. Also, we think that the equity market may continue to benefit from rising optimism on global trade, especially those in the technology sector. We introduce a few fund into our tracking recommendation, namely Aberdeen Islamic World Equity (Class A) fund, CIMB Islamic Asia Pacific Equity fund and Eastspring Investments Dinasti Equity.

Lighting Up Your Path

4

Actual PMB Model Portfolio* Illustrative PMB Islamic Model Portfolio*

Asset Allocation Return Asset Allocation Return

Jul-17 Aug-17 Sep-17 Oct-17 Sep-17 Jul-17 Aug-17 Sep-17 Oct-17 Sep-17

Kenanga Growth 13% 13% 13% 13% 0.1% Eastspring Investments Dana al-Ilham

25% 25% 25% 25% -0.3%

Eastspring Investments Equity Income

30% 30% 30% 30% -0.4% Kenanga Syariah Growth

25% 25% 25% 25% -0.3%

Phillip Master Equity Growth

13% 13% 13% 13% 2.6% Eastspring Investments Islamic Income

25% 25% 25% 25% 0.3%

CIMB Principal Asia Pacific Dynamic Income

10% 10% 10% 10% -1.7% MIDF Amanah Islamic

25% 25% 25% 25% 0.1%

Eastspring Investment Asia Pacific Equity

10% 10% 10% 10% -2.7%

CIMB Principal Greater China Equity

3% 3% 3% 3% -1.9%

Manulife India 3% 3% 3% 3% -3.6%

RHB-OSK-GS US Equity

7% 7% 7% 7% 2.6%

Phillip Master Money Market

11% 11% 11% 11% 0.3%

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

PMB Model Portfolio

The Phillip Master Equity Growth fund rose 2.6%,

attributable to its exposure to Yong Tai Bhd and

Serba Dinamik Holdings. Yong Tai surged 10.9%,

fueled by growing anticipation from its soon-to-

open Impression series theater in Malaysia

Melaka state, which could generate net profit of

circa RM60 mil per year. Serba Dinamik also

surged 10.5%, following announcement that it has

secured three new operations and maintenance

contracts and four new engineering, procurement,

construction and commissioning (EPCC)

contracts with a combined value of circa RM206

mil.

Source: PCM

The RHB-GS US Equity fund rose 2.6%, in tandem with the growing optimism on technology sector (the fund has

returned 22.4% as of 31Aug17) following the announcement of new iPhone 8/8+/X. The overall US market also

remained buoyant thanks to the announcement made by President Donald Trump on the long-awaited US corporate

tax rate cut, which has finally seen some light.

The Eastspring Investment Asia Pacific equity fund dropped 2.7% in Sep17, following circa 40% of its exposure to

China and Hong Kong market. In the month of Sep17, Shanghai Stock Exchange Composite Index of China

(SHCOMP) retreated 0.4% whilst the Hang Seng Index of Hong Kong (HSI) dropped 1.5%.

Manulife India retreated 3.6% in Sep17 on the back of a weak 2Q17 GDP that was released on 1Sep. Indian

economic growth declined to a three-year low of 5.7%, from 7.9% seen in the same quarter last year and 6.1% in the

preceding quarter. The slowdown in growth was caused by the impact of currency demonetization and uncertainty

related to the GST rollout amid slowdown in manufacturing activities.

In Aug17, our PMB Model portfolio inched up by 0.9%, outperforming the FBMKLCI, which dropped 1.0%. However,

PMB Islamic portfolio retreated 0.3% for the month.

Source: PCM

Source: PCM

5

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

1 Eastspring Investments Equity Income -0.4 10.0 C 22 Affin Hw ang AIIMAN Equity -0.3 17.5

2 Eastspring Investments MY Focus -1.0 18.2 23 BIMB I Grow th -3.1 24.2

3 Kenanga Grow th 0.1 18.8 C 24 Dana Makmur Pheim 3.5 16.4

4 Phillip Master Equity Grow th 2.6 22.6 C 25 Eastspring Investments Dana al-Ilham -0.3 2.5 C

26 Kenanga Syariah Grow th -0.3 6.4 C

27 MIDF Amanah Islamic 0.1 16.4 C

5 Affin Hw ang Select Balanced -1.2 9.2

6 Affin Hw ang Select Income -0.1 9.8

28 AmBon Islam 0.4 3.8

7 AMB Income Trust 0.2 3.7

8 AmBond 0.5 3.8

29 Aberdeen Islamic World Equity (Class A) 2.2 7.5

30 CIMB Islamic Asia Pacif ic Equity 0.4 22.3

31 Eastspring Investments Dinasti Equity 0.5 31.3

9 Affin Hw ang Select Dividend -0.2 16.4

10 Affin Hw ang Select Opportunity -2.3 18.4

11 CIMB-Principal Asia Pacif ic Dynamic Income -1.7 19.7 C 32 CIMB Islamic Balanced Grow th 0.0 5.7

12 CIMB Principal Greater China Equity -1.9 26.8 C

13 Eastspring Investments Asia Pacif ic Equity -2.7 17.5 C

14 Manulife India Equity -3.6 21.4 C 33 Phillip Master Money Market 0.3 2.7 C

15 RHB China-India Dynamic Grow th -0.7 22.3 34 Eastspring Investment Islamic Income 0.3 2.7 C

35 MIDF Amanah Shariah Money Market 0.0 2.1

16 Eastspring Investments Asia Select Income -0.3 10.1

36 AmGlobal Property Equities -0.8 2.0

37 Precious Metals Securities -6.4 -1.9

38 Manulife Investment Asia Pacif ic REIT -1.5 10.7

17 CIMB Global Titans 1.9 8.0

18 Eastspring Investments Global Basics MY 2.1 10.4

19 Eastspring Investments Global Emerging -0.7 19.7

20 RHB-OSK-GS US Equity 2.6 10.4 C

21 TA European 2.4 6.0

Mixed Assets

GLOBAL

OTHER

Equity

ASIA AND OFFSHORE (ISLAMIC)

Equity

ASIA

Equity

Mixed Assets

MONEY MARKET

Equity Equity 

Mixed Assets

 Fixed Income

Fixed Income

Name% Growth

Name% Growth

MALAYSIA CONVENTIONAL MALAYSIA (ISLAMIC)

Tracking our Recommendations

The TA European fund rose 2.4% in Sep, in tandem with stellar performance from the Germany market which gained 6.4%. This was due to Germany election ended within market expectation, with Angela Merkel re-elected chancellor of Germany.

We have included Aberdeen Islamic World Equity (Class A) into our tracking recommendation as a proxy for diversified shariah global exposure. The fund has thus far consistently delivered commendable return on risk-adjusted basis for one and three year period whilst its volatility was kept at bay, in relative to its peers.

Similarly, we have included CIMB Islamic Asia Pacific equity fund as the proxy for shariah Asia Pacific exposure. The fund invested circa 30% of its exposure to China and Hong Kong market whilst the rest was mainly invested in ASEAN countries. The fund has superior ranking in term of risk adjusted return and volatility while consistently delivered income distribution to its investors.

We added Eastspring Investment Dinasti Equity into our tracking recommendation as a proxy to China market and also the fund has persistently provide high return to investors while keeping its volatility slightly lower in relative to its peers.

For Fixed Income Category, we are of the view that risk-averse investors may want to take this chance to explore into quality bonds.

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

Affin Hwang Equity 29/4/1993 5.02 17.16 15.56 10.06 7.87 1.885 8 6

Affin Hwang Growth 28/6/2011 4.21 16.07 14.4 9.82 7.82 1.766 11 8

Affin Hwang Principled Growth 22/7/2009 4.14 17.35 15.8 7.67 8.31 1.814 6 7

E AMB Ethical Trust 7/1/2003 1.88 11.1 9.36 -2.71 6.98 1.319 18 21

AMB SmallCap Trust 3/3/2004 6.16 19.63 15.77 4.26 8.96 1.685 7 10

E AMB Unit Trust 26/3/1992 0.95 11.48 8.7 5.5 7.71 1.121 20 26

AMB Value Trust A MYR 7/1/2003 2.35 10.32 8.19 0.55 7 1.161 25 25

E AmDividend Income 28/3/2005 3.6 13.08 11.42 9.67 6.94 1.597 17 14

E AmMalaysia Equity 15/10/2001 3.97 12.12 11.85 12.81 7.03 1.631 15 12

E AmTotal Return 10/1/1989 3.77 13.49 12.88 1.15 7.06 1.756 14 9

Areca equityTrust 23/4/2007 10.36 31.56 27.85 30.65 12.3 2.073 1 4

E CIMB-Principal Equity 1/8/1995 2.86 10.59 8.87 6.79 6.7 1.304 19 22

CIMB-Principal Equity Aggressive 3 12/3/1998 5.91 15.42 11.81 3.41 8.66 1.334 16 20

E Eastspring Investments Equity Income 18/10/2004 3.93 10.02 8.21 18.22 5.03 1.597 23 13

E Eastspring Investments Growth 29/5/2001 2.3 10.16 8.27 6.31 7.56 1.089 22 27

E Eastspring Investments MY Focus 1/3/2011 3.88 18.16 14.2 15.79 8.16 1.673 12 11

KAF Tactical 2/9/2004 5.71 22.75 23.92 0.36 9.73 2.268 2 2

E Kenanga Growth 17/1/2000 4.94 18.79 16.77 31.48 8.12 1.957 5 5

E Kenanga Malaysian Inc 9/11/2007 4.64 16.7 15.4 26.13 6.91 2.118 9 3

Kenanga OA Inv-Kenanga Blue Chip 23/4/2004 3 9 6.12 -0.75 5.91 1.035 31 29

E Kenanga Premier 26/11/1996 -2.46 3.4 1.91 -1.51 6.13 0.337 35 35

E Libra DividendEXTRA 18/3/2005 3.08 13.62 17.47 21.2 6 2.73 4 1

E Libra EquityEXTRA 10/9/1999 4.69 15.54 14.76 -0.69 9.2 1.546 10 16

Maybank Q-Opportunities 4/7/2011 -1.98 7.85 5.7 -3.42 10.25 0.589 32 33

E MIDF Amanah Dynamic 5/5/1976 -1.92 9.01 7.04 5.24 9.3 0.776 28 30

MIDF Amanah Growth 2/12/1966 4.89 15.92 13.03 15.4 8.55 1.479 13 17

Pacific Dividend 18/11/2003 -2.07 7.63 5.06 -6.51 7.46 0.697 34 31

Pacific Pearl 6/1/1997 -7.52 0.06 -4.09 -26.6 12.55 -0.273 37 37

Pacific Recovery 15/4/1999 1.15 10.45 8.2 -4.27 6.77 1.199 24 24

Phillip Master Equity Growth 18/6/2003 4.99 22.57 22.39 19.35 13.4 1.581 3 15

RHB Capital 12/4/1995 2.62 15.02 6.95 -1.02 10.8 0.674 29 32

RHB KLCI Tracker 3/4/2000 1.51 7.87 7.48 -1.39 5.26 1.398 26 19

E RHB Malaysia Dividend 4/3/2008 -0.32 11.17 5.47 -0.82 9.88 0.585 33 34

E RHB Smart Treasure 7/9/2004 -1.63 8.96 1.77 12.05 9.82 0.223 36 36

E TA Comet 1/10/1999 -1.37 7.2 8.3 8.43 5.67 1.437 21 18

TA Growth 1/7/1996 -0.66 6.9 6.33 4.32 6.08 1.039 30 28

TA High Growth 7/6/2004 1.38 9.4 7.41 0.86 5.89 1.244 27 23

Average 2.38 12.91 10.83 6.43 8.05 1.34

Malaysia, Equity-Islamic Growth

Aberdeen Islamic Malaysia Equity A 17/1/2013 0.67 5.41 0.43 1.57 7.42 0.09 33 33

Affin Hwang Aiiman Equity 1/8/2007 5.14 17.53 16.55 9.69 6.83 2.29 6 2

E Affin Hwang Aiiman Growth 8/10/2002 2.51 12.13 11.14 7.86 5.79 1.86 8 6

AmanahRaya Islamic Equity 23/4/2008 -0.46 5.78 3.52 7.04 5.75 0.63 27 29

E AMB Dana Ikhlas 17/9/2002 0.77 3.52 2.58 3.77 3.56 0.73 30 25

E AMB Dana Yakin 24/11/2000 -1.78 7.2 5.18 2.79 7.27 0.73 21 26

AMB Shariah Value Plus A-MYR 16/6/2015 0.75 3.94 5.81 2.74 2.08 17 3

AMB Shariah Value Plus C-MYR 16/6/2015 1.12 3.89 5.81 2.66 2.14

E AmIslamic Growth 10/9/2004 2.66 9.5 7.79 6.08 4.59 1.66 15 8

E AmIttikal 12/1/1993 0.84 6.26 4.07 3.78 5.13 0.8 25 22

BIMB i Dividend 18/3/2011 2.13 10.04 5.73 -8.67 7.59 0.77 18 24

BIMB i Growth 30/6/1994 10.2 24.24 23.03 0.62 10.56 2.03 2 4

BIMB-Arabesque i Global Dividend 1 - MYR 5/11/2015 5.86 11.85 17.81 9.16 1.84 5 7

BIMB-Arabesque Malaysia Shariah-ESG Equity MYR 9/3/2017 3.64

E CIMB Islamic Al-Azzam Equity 1/8/2012 3.22 9.22 5.2 6.91 6.58 0.8 20 23

E CIMB Islamic Equity Aggressive 15/6/1995 3.2 9.25 5.42 9.4 6.64 0.83 19 20

E Eastspring Investments Dana al-Ilham 14/8/2002 -0.56 2.49 0.89 3.18 4.4 0.22 32 32

From the Scoreboard

7

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 Islamic Small-

Cap 25/5/2017

E KAF Dana Adib 25/3/2004 2.4 14.43 11.07 1.34 10.04 1.1 9 14

E Kenanga Islamic 15/8/2002 0.52 5.5 3.46 3.04 5.02 0.7 28 28

E Kenanga OA Inv-Kenanga Ekuiti Islam 23/4/2004 0.81 7.31 4.59 5.18 5.77 0.81 23 21

E Kenanga OA Inv-Kenanga Shariah Growth Opps 23/4/2004 1.31 6.82 3.96 1.71 5.74 0.71 26 27

E Kenanga Syariah Growth 29/1/2002 1.12 6.43 4.63 3.96 5.29 0.88 22 17

E Libra Amanah Saham Wanita 4/5/1998 3.08 14.15 8.03 2.74 9.59 0.85 14 19

Manulife Shariah-Dana Ekuiti 27/5/2013 4.09 13.48 9.83 18.16 6.37 1.51 11 10

E MIDF Amanah Islamic 14/5/1971 5.77 16.39 11.19 17.4 8.82 1.25 7 13

Pacific Dana Aman 16/4/1998 -4.38 1.18 -2.44 -9.96 7.22 -0.31 35 35

Pacific Dana Dividen 26/7/2007 -4.68 0.33 2.35 2.39 4.03 0.59 31 30

PMB Dana Al-Aiman 19/5/1997 -8.39 -2.72 -3.83 -6.65 8.82 -0.4 37 37

PMB Dana Bestari 3/10/2002 -6.28 0.54 -1.54 -4.22 9.73 -0.11 34 34

PMB Dana Mutiara 5/8/2004 -7.49 -2.13 -3.34 -4.75 8.43 -0.36 36 36

E PMB Shariah Aggressive 21/11/2005 14.23 27.63 24.1 33.22 8.23 2.68 1 1

E PMB Shariah Dividend 21/7/2008 2.32 12.81 10.75 14.76 8.17 1.29 10 11

E PMB Shariah Growth 28/12/1972 9.46 25.52 18.74 22.55 10.83 1.65 4 9

PMB Shariah Index 25/3/2002 0.9 5.93 4.16 -0.21 4.88 0.86 24 18

E PMB Shariah Premier 12/6/1995 5.85 15.57 9.61 21.12 7.47 1.27 12 12

PMB Shariah Small-Cap 16/5/2016 15.33 26.85 21.85 10.44 1.96 3 5

PMB Shariah Tactical 29/10/1979 -13.39 -8.97 -10.37 -12.51 9.34 -1.12 38 38

RHB Dana Islam 26/10/2001 0.24 10.19 7.23 3.15 6.6 1.09 16 15

RHB-OSK Islamic Growth 26/1/2004

TA Dana Fokus 17/6/2008 0.85 11.11 9 -0.84 9.33 0.97 13 16

TA Islamic 24/4/2001 -2.44 2.64 3.37 2.29 6.17 0.57 29 31

Average 1.53 9.06 6.86 4.80 7.00 0.97

Malaysia Equity Small Cap

E CIMB-Principal Small Cap 20/4/2004 8.22 23.59 20.58 5.25 10.69 1.81 1 2

Eastspring Investments Islamic Small-Cap 25/5/2017

E Eastspring Investments Small-cap 29/5/2001 5.57 18.6 16 31.24 7.69 1.98 3 1

E KAF Vision 1/3/2000 6.33 17.94 13.81 30.68 11.17 1.22 4 4

E Kenanga OA Inv-Kenanga Growth Opportunities 23/4/2004 -3.28 3.27 0.88 1.81 6.09 0.17 7 7

MIDF Amanah Strategic 1/6/1970 7.8 23.29 19.04 13.26 11.24 1.61 2 3

E RHB Small Cap Opportunity 20/4/1998 2.67 18.58 12.95 20.06 12.08 1.07 5 5

TA Small Cap 9/2/2004 -4.85 8.55 8.57 -8.75 10.28 0.85 6 6

Average 3.21 16.26 13.12 13.36 9.89 1.24

Asia Equity Offshore

E

Affin Hwang Select APAC ex-Japan REITs and Infra 25/4/2007 2.37 6.55 3.58 25.88 3.98 0.9 42 40

E Affin Hwang Select Asia (ex Japan) Opportunity 18/7/2006 8.08 19.5 19.2 39.43 6.65 2.69 12 7

E Affin Hwang Select Asia (ex Japan) Quantum 15/4/2004 -3.57 13.74 12.3 35.93 10.98 1.11 27 36

E Affin Hwang Select Dividend 28/3/2011 6.73 16.36 15.75 25.85 4.85 3.06 18 5

E Affin Hwang Select Opportunity 7/9/2001 3 18.43 17.44 27.43 8.22 2.01 14 26

Affin Hwang World Series - China Growth MYR 11/7/2011 7.38 17.66 16.94 32.19 12.83 1.29

AmASEAN Equity 6/6/2011 2.19 2.57 -0.49 11.66 3.84 -0.11 52 52

E AmAsia Pacific Leisure Dividend 25/2/2013 6.99 12.18 10.13 15.41 5.22 1.88 36 27

E AmAsia Pacific REITs B MYR 18/7/2011 -0.14 3.5 2.36 41.34 4.54 0.54 47 43

E AmAsia Pacific REITs Plus 1/7/2013 1.98 6.61 2.94 35.98 6.07 0.51 44 44

E AmAsia-Pacific Property Equities 18/7/2006 -1.5 1.59 0.42 32.6 5.91 0.1 50 50

E AMB Dividend Trust 6/6/2006 4.76 12.32 10.51 18.55 4.75 2.13 34 21

E AmCumulative Growth 24/7/1996 13.85 21.68 21.3 47.1 7.75 2.55 7 10

E Asia Pacific Equity Income 18/4/2012 3.84 16.7 15.21 38.88 10.61 1.39 20 30

CIMB-Principal ASEAN Equity 12/9/2007 5.83 13.19 11.53 26.94 5.5 2.02 29 25

E CIMB-Principal Asia Pacific Dynamic Income MYR 25/4/2011 9.7 19.67 19.36 49.63 8.11 2.24 11 15

CIMB-Principal China-India-Indonesia Equity 21/1/2010 11.64 20.5 19.41 59.88 6.78 2.66 10 8

E CIMB-Principal Equity Growth & Income 15/5/1991 8.43 17.9 15.76 23.07 5.59 2.66 17 9

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 CIMB-Principal Greater China Equity 12/6/2007 14.52 26.82 27.35 84.2 11.21 2.23 4 16

Eastspring Investments Asia Pacific Equity MY 21/7/2005 3.26 17.52 22.78 38.34 9.54 2.21 6 18

E Eastspring Investments Dinasti Equity 26/10/2009 18.36 31.28 31.36 81.99 8.93 3.13 1 4

Eastspring Investments Indonesia Equity MY 27/4/2011

Kenanga Asean Tactical Total Return 1/7/2015 -0.44 4.12 4.71 3.68 1.27 40 34

E Kenanga Asia Pacific Total Return 11/7/2013 2.95 10.49 10.82 24.48 4.8 2.17 30 20

Kenanga Global Opportunities 21/6/2010 1.64 3.86 2.44 -9.28 5.58 0.46 46 45

E Libra Consumer and Leisure Asia 18/7/2007 -5.48 -0.09 -0.18 27.36 8.01 0.01 51 51

Manulife Asian Small Cap Equity MYR 8/4/2015 4.67 16.72 12.03 8.59 1.37 28 31

Manulife China Equity 7/1/2010 8.29 16.58 20.61 50.37 8.79 2.19 9 19

Manulife Dragon Growth MYR Hedged 3/11/2016 25.5 39.23

Manulife Dragon Growth USD 3/11/2016 28.9 31.62

Manulife Equity Plus 29/12/2009 2.68 13.31 10.75 13.64 6.71 1.56 31 29

Manulife Global Resources 7/1/2010 -1.86 -3.92 3.94 5.5 13.02 0.36 41 46

Manulife Investment Asia-Pacific REIT 7/6/2007 4.15 10.74 6.31 53.52 6.68 0.95 39 39

Manulife Investment Greater China 21/10/2008 17.26 28.76 25.47 68.8 10.56 2.22 5 17

E Manulife Investment Indonesia Equity 19/10/2010 -2.07 2.38 1.36 -7.5 8.89 0.19 48 48

Manulife Investment Pacific 23/6/2005 6.68 16.03 16.38 61.92 6.86 2.26 16 14

Pacific Focus China 19/5/2009 12.6 24.93 28.83 60.02 9.32 2.79 3 6

Pheim Asia Ex-Japan 30/6/2006 4.56 13.95 14.8 17.28 5.54 2.53 21 11

E RHB Asean 2/12/2009 4.4 11.64 10.66 19.61 6.01 1.72 33 28

RHB Asia Consumer 18/1/2010 8.36 16.96 14.12 23.07 6.52 2.07 24 24

RHB Asia Financials 11/1/2011 4.23 12.01 14.73 42.03 11.24 1.28 22 32

RHB Asia Pacific 6/1/2006 12.99 17.4 17.54 21.27 4.56 3.59 13 1

RHB Asian Growth Opportunities 8/1/2008 3.06 10.81 10.29 26.71 8.83 1.15 35 35

RHB Big Cap China Enterprise 3/12/2007 13.62 24.95 29 73.01 12.53 2.11 2 23

RHB China-India Dynamic Growth 11/3/2010 7.88 22.27 20.75 60.61 9.16 2.12 8 22

RHB Dividend Valued Equity 13/7/2005 6.24 10.81 10.73 24.07 3.24 3.17 32 3

E RHB Emerging Opportunity 18/5/2004 1.87 12.5 7.03 -2.81 9.74 0.74 38 41

RHB Equity 8/8/1996 -2.26 10.22 2.86 -15.57 11.61 0.3 45 47

E RHB Indonesia Equity Growth 4/4/2011 -1.86 -1.01 0.56 15.38 9.94 0.1 49 49

RHB Resources 16/5/2006 -2.63 3.52 9.02 0.92 9.06 1 37 38

RHB Singapore Income Feeder MYR 18/1/2016 -0.51 9.12 12.54 9.65 1.27 25 33

E TA Asian Dividend Income 15/8/2007 4.18 12.26 14.38 37.84 5.86 2.33 23 13

E TA South East Asia Equity 28/11/2005 4.5 12.19 15.71 28.07 4.12 3.58 19 2

Templeton Asian Growth MYR A 21/9/2015 8.1 16.69 17.13 6.73 2.39 15 12

Templeton Asian Smaller Companies MYR A 7/10/2015 7.43 23.41 12.35 11.76 1.05 26 37

United ASEAN Discovery 8/12/2014 -3.62 3.53 3.28 5.86 0.58 43 42

Average 5.70 14.08 12.76 32.18 7.65 1.66

Equity Offshores-Others

Affin Hwang Global Commodity 20/8/2007

Affin Hwang World Series - EU Unconstrained MYR H 9/11/2015 1.34 5.62 3.39 10.93 0.36

Affin Hwang World Series - Global Equity MYR 23/11/2015 6.93 10.76 18.67 7.38 2.37

AmBRIC Equity 9/11/2009

E AmGlobal Agribusiness 3/5/2007 5.07 6.34 17.38 17.55 8.09 2.03 11 13

AmGlobal Property Equities 25/10/2005 1.75 2 3.3 50.34 8.91 0.41 30 30

E AmPan European Property Equities 6/3/2007 16.68 17.33 15.31 64.16 12.93 1.17 20 24

AmSchroders European Equity Alpha 8/8/2006 7.21 11.01 25.27 50.62 8.97 2.58 2 7

BIMB-Arabesque i Global Dividend 1 - MYR 5/11/2015 5.86 11.85 17.81 9.16 1.84 9 16

CIMB-Principal Australian Equity 20/3/2010 -1.91 4.52 16.12 28.97 11.43 1.37 16 23

E CIMB-Principal Global Titans 18/7/2005 4 7.98 19.9 55.04 7.21 2.57 6 8

Commodities Equity 19/7/2010 -0.79 -3.58 9.83 -12.17 12.51 0.81 25 29

E Eastspring Investments Global Basics MY 17/1/2007 4.61 10.39 16.12 45.87 8.18 1.87 17 15

Eastspring Investments Global Emerging Markets 11/1/2008 9.51 19.77 23.41 45.95 6.57 3.26 3 3

E Eastspring Investments Global Leaders MY 23/3/2006 2.81 6.15 17.09 47.45 8.89 1.83 13 17

Franklin U.S. Opportunities MYR 8/5/2013 8.8 20.2 18.18 29.51 7.47 2.29 7 10

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)

Global Dividend - MYR 11/4/2016 0.35 5.21 9.48 6.48 1.43

Global Dividend - USD 11/4/2016 5.29 12.01 7.42 7.22 1.03 27 26

Global Emerging Market Opportunities 18/3/2008 11.28 20.93 27.68 41.16 5.48 4.53 1 1

Global Multi-Asset Income MYR 17/3/2014 3.71 6.56 7.66 13.19 1.87 3.96

KAF Global Diversified Property 9/8/2007

KAF Global Equities 19/5/2006

E Kenanga Global Dividend 19/3/2007 0.74 3.62 16.1 37.38 8.69 1.77 18 20

Manulife India Equity 7/1/2010 5.32 21.35 20.42 64.68 10.68 1.8 5 19

Manulife Investment Pacific 23/6/2005 6.68 16.03 16.38 61.92 6.86 2.26 15 12

Manulife Investment U.S. Equity 21/10/2009 1.75 5.91 18.16 54.3 9.5 1.81 8 18

E Pacific Asia Brands 20/1/2006 -5.44 0.11 9.2 18.95 8.47 1.08 26 25

Pacific Focus18 16/6/2005 -9.97 -0.28 -4.46 -9.41 10.45 -0.39 33 32

Pacific Glb Agriculture, Infra And Resources 12/4/2010 -3.85 2.21 6.4 6.37 6.72 0.96 29 27

E Pacific Global Stars 20/7/2006 -0.29 1.74 10.23 25.43 6.52 1.53 24 22

E Precious Metals Securities 15/11/2007 -5.06 -1.95 -15.28 5.3 16.14 -0.94 35 33

RHB Agriculture 11/8/2011

E RHB Global Equity Yield 9/11/2005 4.93 9.72 16.88 35.12 5.46 2.9 14 4

RHB Global Food Islamic Equity 11/8/2011 -9.35 -8.54 -5.73 12.25 5.28 -1.09 34 35

RHB Global Macro Opportunities MYR 1/6/2016 12.82 11.59 8.73 7.69 1.13

RHB Global Macro Opportunities USD 1/6/2016 12.24 10.73 6.88 7.96 0.87 28 28

RHB Global New Stars 24/1/2007 1.38 6.12 14.34 9.4 7.15 1.92 22 14

RHB Global Themes 5/1/2007

RHB Gold And General 21/7/2009 -0.1 4.59 -3.44 45.14 17.68 -0.12 31 31

RHB Private Equity Opportunity 1 28/7/2016 -1.13 -3.83 -3.47 3.33 -1.04 32 34

RHB US Focus Equity 15/10/2010 3.99 8 13.64 36.17 7.83 1.68 23 21

RHB-GS BRIC Equity 11/1/2011

RHB-GS US Equity 18/5/2011 3.54 10.43 16.03 19.56 6.18 2.45 19 9

TA BRIC and Emerging Markets 25/2/2010 5.71 9.23 17.42 29.2 6.08 2.68 10 6

E TA European Equity 20/3/2007 3.82 5.95 14.76 45.26 6.16 2.28 21 11

TA Global Technology 26/5/2011 7.85 19.07 22.82 71.67 6.13 3.41 4 2

Templeton Global Equity MYR A 13/4/2015 7.01 12.7 17.25 5.78 2.8 12 5

Average 3.38 7.99 12.18 33.75 8.16 1.64

Asia Equity Offshore Islamic

Aberdeen Islamic APAC ex Japan Equity A MYR 2/12/2015 -1.14 6.15 5.15 6.35 0.82 11 10

Aberdeen Islamic World Equity A MYR 17/1/2013 4.14 7.5 11.26 27.68 6.23 1.75 7 7

Affin Hwang Aiiman Asia (ex Japan) Growth MYR 14/12/2015 12.06 20.58 19.96 6.08 3.05 2 1

AmIslamic Greater China 8/11/2010

E AmOasis Global Islamic Equity 21/4/2006 -2.59 -0.45 6.49 19.88 8.7 0.76 9 11

E CIMB Islamic Asia Pacific Equity 2/6/2006 14.93 22.32 20.18 49.3 7.45 2.52 1 2

Eastspring Investments Asia Pacific Shariah Equity 22/11/2007

KAF Australia Islamic Property A AUD 1/8/2016 6.36 8.26 5.42 10.93 0.53

KAF Australia Islamic Property A MYR 1/8/2016 4.06 10.67 10.86 8.42 1.27 8 8

Manulife Investment Asia-Pacific REIT 7/6/2007 4.15 10.74 6.31 53.52 6.68 0.95 10 9

Manulife Investment Shariah Asia-Pacific 16/1/2008 7.85 16.57 16.57 34.22 7.49 2.09 3 5

Namaa' Asia-Pacific Equity Growth 15/8/2008 2.97 10.02 13.79 21.45 5.25 2.5 6 3

Pheim Asia Ex-Japan Islamic 1/11/2006 5.51 18.2 16.47 20.51 7.7 2.03 4 6

RHB Islamic Asean Megatrend B USD 26/4/2016 3.79 8.22 2.98 7.05 0.45 12 12

RHB Islamic Asean Megatrend MYR 26/4/2016 -0.97 1.82 5.06 4.97 1.02

RHB Islamic Global Developed Markets MYR 28/5/2015 2.07 7.26 15.58 6.95 2.13 5 4

RHB-OSK Asia Pacific Maqasid 23/2/2010

Average

4.51

10.56

11.15

32.37

7.16

1.56

Malaysia Mixed Assets

E Affin Hwang Aiiman Select Income 1/3/2013 4.26 7.59 6.97 12.79 2.74 2.48 21 6

E Affin Hwang Select Balanced 28/7/2003 2.83 9.16 8.09 15.64 3.73 2.11 17 12

Affin Hwang Select Income 6/1/2005 5.46 9.83 9.38 27.06 2.51 3.6 12 2

Affin Hwang Select SGD Income MYR 1/8/2012 4.6 9.6 11.84 34.24 4.82 2.35 9 8

Affin Hwang Tactical 10/8/2010 3.24 11.93 9.82 6.41 6.1 1.57 10 17

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 AMB Balanced Trust 19/9/1994 2.65 6.49 5.74 8.34 3.84 1.47 24 19

E AMB Index-Linked Trust 16/5/2002 1.89 7.35 6.69 -0.63 5.29 1.25 22 21

E AmBalanced 16/9/2003 7.11 16.27 13.7 9.02 7.29 1.8 7 15

E AmConservative 16/9/2003 0.58 5.85 5.92 13.68 3.37 1.73 23 16

E Eastspring Investments Balanced 29/5/2001 3.36 9.91 9.26 13.63 5.82 1.56 13 18

E Eastspring Investments Dynamic 6/11/2003 2.33 10.32 8.63 30.32 7.18 1.19 15 23

InterPac Cash 25/7/2007 1.19 1.91 2.64 9.18 0.14 18.13 32 1

InterPac Dynamic Equity 25/7/2007 26.9 47.57 46.64 34.74 14.12 2.82 1 3

KAF Enhanced Bond 30/1/2002 1.55 2.51 2.26 6.87 1.97 1.15 33 24

E KAF First 16/1/1996 -0.53 3.87 1.87 10.89 6.05 0.33 34 35

KAF Jade 1/11/2006 9.61 16.34 22.97 26.89 9.57 2.22 2 11

E Kenanga Balanced 23/5/2001 4.43 14.08 13.06 17.66 6 2.08 8 13

E Kenanga OA Inv-Kenanga Diversified 23/4/2004 7.48 18.32 17.37 19.25 6.65 2.46 4 7

E Kenanga OA Inv-Kenanga Managed Growth 23/4/2004 6.76 17.47 16.53 19.94 6.69 2.33 5 9

Libra Resource Equity 18/3/2011 1.23 6.21 19.79 -3.29 8.21 2.25 3 10

E Libra TacticalEXTRA 18/3/2005 4.73 15.28 13.94 -0.93 9.54 1.42 6 20

Maybank Q-Target Return 4/7/2011 1.38 8.3 7.03 2.29 5.86 1.19 20 22

Pacific SELECT Balance 11/8/2003 1.71 8.17 3.88 -2.99 6.62 0.61 29 31

Pacific SELECT Income 11/8/2003 0.39 3.07 1.86 0.91 2.63 0.71 35 30

Pheim Emerging Companies Balanced 28/1/2002 3.79 8.84 9.72 11.07 3.33 2.81 11 4

E Pheim Income 28/1/2002 1.93 3.84 4.73 14.15 2.54 1.84 26 14

E RHB Goldenlife 2020 21/2/2005 -0.24 7.05 3.17 -1.78 6.78 0.49 30 32

E RHB Goldenlife 2030 21/2/2005 2.61 12.96 8.31 -1.95 8.22 1.01 16 27

E RHB Goldenlife Today 21/2/2005 1.47 5.87 4.64 14.33 4.32 1.07 27 26

E RHB Growth And Income Focus 7/1/2005 -0.37 8.26 2.8 5.61 8.09 0.38 31 34

RHB Kidsave 10/5/1999 -1.37 11.01 4.17 -0.02 10.12 0.45 28 33

E RHB Smart Balanced 7/9/2004 2.41 11.47 8.04 19.59 7.3 1.1 18 25

E RHB Smart Income 7/9/2004 1.5 7.26 4.88 19.03 4.93 0.99 25 28

E RHB Thematic Growth 26/9/2007 2.6 14.77 7.57 16.72 10.27 0.76 19 29

TA Income 6/5/2002 4.23 9.16 8.94 7.42 3.42 2.53 14 5

Average 3.53 10.51 9.51 11.89 5.89 2.06

Malaysia Mixed Assets-Islamic

Affin Hwang Aiiman Balanced 11/11/2001 4.44 11.14 14.08 13.05 5.77 2.32 4 4

E AmIslamic Balanced 10/9/2004 4.73 8.68 8.07 12.2 3.34 2.35 9 3

BIMB Dana Al-Falah 27/12/2001 5.82 6.22 3.85 7.73 0.52 12 14

BIMB Dana Al-Munsif 27/12/2001 5.71 10.75 8.89 -4.52 7.42 1.19 5 11

E CIMB Islamic Balanced Growth 26/5/2003 2.39 5.74 3.97 6.04 3.79 1.05 11 12

E CIMB Islamic Enhanced Sukuk 23/2/2005 2.38 4.25 3.27 9.94 2.46 1.33 13 10

E Dana Makmur Pheim 28/1/2002 7.45 16.36 15.48 23.62 6.21 2.36 2 2

E Eastspring Investments Dana al-Islah 14/8/2002 1.51 3.44 3.07 7.57 2.19 1.39 14 7

E Eastspring Investments Dana Dinamik 25/2/2004 3.07 9.43 7.15 12.45 5.25 1.34 10 9

InterPac Dana Safi 25/7/2007 28.89 49.72 48.98 41.73 17.28 2.42 1 1

E KAF Dana Alif 26/2/2003 4.11 13.75 14.46 11.45 6.72 2.05 3 5

E Kenanga Islamic Balanced 6/12/2004 0.2 3.1 1.29 3.69 4.19 0.33 16 15

Kenanga OA Inv-Kenanga Shariah Balanced 23/4/2004 -8.28 -10.25 -14.16 -33.12 2.33 -6.5 17 17

E Libra SyariahEXTRA 1/1/2003 2.59 10.65 8.39 13.08 5.69 1.45 6 6

E PMB Sukuk 8/12/1997 0.51

RHB Dana Hazeem 18/2/2013 -0.39 5.82 1.5 5.89 6.24 0.27 15 16

RHB Mudharabah 9/5/1996 1.43 9.93 8.13 -3.19 5.87 1.36 8 8

TA Dana Optimix 17/1/2005 -0.62 10.13 8.29 11.03 8.88 0.94 7 13

Average 3.66 9.93 8.51 8.18 5.96 0.95

Mixed Assets Offshore

Affin Hwang Select AUD Income MYR 18/3/2010 0.08 6.73 7.98 32.41 9.47 0.86 9 12

Affin Hwang World Series-Global Balanced-AUDH 1/9/2016 5.06 7.71 8.17 2.75 2.88

Affin Hwang World Series-Global Balanced-MYRH 1/9/2016 5.93 10.29 11.58 2.4 4.6

Affin Hwang World Series-Global Balanced-SGDH 1/9/2016 4.94 7.82 8.91 2.97 2.89

Affin Hwang World Series-Global Balanced-USD 1/9/2016 5.39 9.41 9.02 2.91 2.99 6 4

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)

AmAustralia 15/3/2011 -6.34 -3.56 -1.21 14.28 6.78 -0.15 18 18

AmDynamic Allocator 23/4/2012 3.17 5.73 8.32 20.63 3.96 2.04 7 9

Amundi International 3/9/2015 3.45 8.1 7.7 3.42 2.19 10 7

Amundi International - USD 3/5/2016 3.37 7.74 7 3.53 1.94

E Eastspring Investments Asia Select Income 18/11/2005 4.25 10.13 11.41 32.83 3.03 3.6 5 1

Eastspring Investments Enhanced Income 28/5/2007

E KAF Core Income 2/9/2004 -3.38 3.51 2.8 -0.44 6.3 0.47 15 15

Libra IncomeEXTRA 10/9/1999 -4.17 -0.15 2.31 6.48 0.38 16 16

Pacific AsiaPac Income 28/11/2006 4.1 10.6 12.1 28.65 4.12 2.8 4 5

Pacific Income 18/8/2000 0.13 4.78 3.23 2 4.47 0.73 14 13

Pacific Real Opportunities Absolute Return 21/4/2016 -4.94 -0.92 -0.78 6.02 -0.1 17 17

E RHB Asian Income MYR 5/6/2012 1.24 6.31 6.76 37.85 4.46 1.49 11 10

RHB Golden Dragon 8/5/2007 6.61 12.81 13.82 39.16 5.05 2.6 2 6

E RHB Multi Asset Regular Income 7/12/2012 -1.57 1.95 3.63 32.57 3.08 1.17 13 11

E TA Asia Pacific Islamic Balanced 7/11/2006 5.93 11.09 12.51 31.31 3.48 3.42 3 3

E TA Global Asset Allocator 12/6/2006 -0.39 -0.33 4.64 20.37 7.01 0.68 12 14

Templeton Global Balanced MYR A 5/5/2015 6.61 12.61 14.55 3.95 3.47 1 2

United Bond & Equity Strategic Trust 8/9/2014 2.39 8.6 8.22 19.85 3.78 2.11 8 8

Average 1.90 6.41 7.39 23.96 4.52 1.96

Fixed Income

E Affin Hwang Bond 12/12/2001 2.38 4.23 3.42 12.75 2.58 1.31 17 26

Affin Hwang Flexible Maturity Income 7 25/10/2016 4.47 6.92

Affin Hwang Flexible Maturity Income IV 21/6/2016 3.64 6.04 6.9 1.25 5.36 6 1

Affin Hwang Select Bond 28/7/2003 2.34 4.5 5.07 22.75 1.22 4.08 8 3

Affin Hwang Structured Income 9 18/10/2016 4.64 7.83

E AmanahRaya Unit Trust 21/9/2006 2.21 3.7 3.29 12.63 2.03 1.6 22 18

E AMB Dana Arif A MYR 27/4/2004 2.21 3.34 2.99 13.63 1.76 1.68 28 16

E AMB Enhanced Bond Trust 27/5/2003 2.02 3.74 3.34 11.13 2.1 1.58 18 20

E AMB Lifestyle Trust Today 25/11/2004 1.59 4.23 4.09 16.38 2.58 1.57 11 21

AmBond 20/1/2000 2.53 3.84 3.27 14.4 2.35 1.38 24 25

AmConstant Multi Maturity 18/11/2010

AmConstant Multi Maturity 2 17/10/2011

E AmDynamic Bond 16/9/2003 2.54 3.98 3.28 16.71 2.74 1.19 23 29

E AmIncome Plus 17/6/2004 1.95 3.02 3.3 10.94 0.88 3.69 21 5

AmTactical Bond B MYR 29/10/2012 1.81 2.9 2.82 27.79 2.85 0.99 32 32

Amundi Bond Global Aggregate MYR 3/9/2015 3.52 4.42 7.66 1.86 3.99 4 4

Amundi Bond Global Aggregate USD 3/6/2016 3.38 4.03 2.25 2.63 0.86

Areca incomeTrust 23/4/2007 1.86 2.88 2.98 10.94 1.19 2.47 29 8

E CIMB-Principal Bond 15/11/1995 2.25 3.6 3.07 11.95 2.06 1.48 27 23

E CIMB-Principal Strategic Bond 23/3/2004 0.71 2.17 1.95 9.55 1.99 0.98 36 33

E Eastspring Investments Bond 29/5/2001 2.19 3.72 3.33 21.92 1.8 1.83 20 15

Eastspring Investments Bond Plus 1/4/2013

Eastspring Investments Global Target Income 18/7/2016 5.85 8.81 8.2 4.22 1.9 3 14

Franklin Malaysia Sukuk A MYR 18/11/2015 2.05 3.6 3.33 1.73 1.91 19 13

Franklin Malaysia Sukuk I MYR 18/11/2015 2.32 4 3.88 1.73 2.22

KAF Bond 1/11/2006 2.53 4.15 3.94 17.46 2.32 1.68 13 17

Kenanga Bond 15/8/2002 1.91 3.1 2.95 10.18 1.51 1.93 30 12

E Kenanga Global Emerging Markets Debt 22/7/2008

Kenanga OA Inv-Kenanga Income Plus 23/4/2004 2 3.36 3.17 11.28 1.62 1.94 25 11

E Libra BondEXTRA 8/10/2002 2.14 3.64 4.44 18.73 1.04 4.2 9 2

Libra Strategic Opportunity 1/11/2012 -25.69 -44.5 -61.83 -84.93 42.14 -1.97 40 40

Manulife Bond Plus 29/12/2009 2.27 3.33 2.06 13.01 2.56 0.81 35 34

Maybank Financial Institutions Income 17/12/2009 2.24 3.54 3.58 12.4 1.25 2.82 16 7

Maybank Global Bond 4/11/2013 -2.65 1.54 12.45 15.55 7.55 1.6 2 19

Maybank Q-Income 4/7/2011

Opus Dynamic Income 3/6/2009 2.7 3.97 3.14 14.7 2.62 1.19 26 28

Opus Fixed Income 7/7/2008 2.54 3.86 2.82 14.31 2.76 1.02 31 31

RHB Asian High Yield-MYR 8/6/2015 2.41 5.96 6.43 2.13 2.94 7 6

E RHB Asian Total Return 26/2/2007 -1.99 -1.18 2.13 38.82 3.91 0.56 34 36

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)

E RHB Emerging Markets Bond 3/1/2012 0.17 2.66 4.03 40.36 3.3 1.22 12 27

RHB Energy 23/3/2009 -2.84 -9.28 -4.09 -13.56 9.4 -0.4 39 39

E RHB Income 1 18/4/2001

E RHB Income 2 26/2/2003 2.61 4.31 3.71 15.49 2.62 1.4 14 24

TA All-Cycle Commodities Income 4/5/2009 -2.44 -0.54 0.95 9.69 3.12 0.32 38 38

E TA Total Return Fixed Income 1/10/2012 -0.09 2.76 2.34 25.55 4.26 0.56 33 35

Templeton Asian Bond MYR 5/2/2013 0.73 1.8 4.31 -8.65 2.73 1.56 10 22

Templeton Global Total Return MYR 14/11/2012 0.3 4.97 14.42 4.24 5.99 2.29 1 9

United Asian High Yield MYR 30/6/2015 -2.08 -0.08 6.91 5.88 1.17 5 30

United Income Plus 9/2/2015 0.82 4.31 1.29 3.66 0.37 37 37

United RMB Income & Growth MYR 28/11/2013

United Target Income Bond 7 18/7/2016 2.52 4.2 3.68 1.83 1.99 15 10

Average 1.10 2.30 2.41 11.50 3.71 1.70

Fixed Income - Islamic

Affin Hwang Aiiman Global Sukuk MYR 14/12/2015 -4.36 -4.45 1.02 5.54 0.21 16 16

E Affin Hwang Aiiman Income Plus 28/6/2004 2.14 3.34 2.51 13.01 2.61 0.96 11 12

E AmanahRaya Syariah Trust 21/9/2006 2.49 3.99 3.23 12.88 2.64 1.22 6 9

E AMB Income Trust 19/6/1996 1.89 3.67 2.96 18.23 2.12 1.39 9 7

E AmBon Islam 26/11/2001 2.37 3.79 3.79 14.05 1.98 1.89 1 3

E AmDynamic Sukuk A 12/6/2012 2.17 3.01 2.2 13.69 2.88 0.77 12 13

BIMB Dana Al-Fakhim 13/9/2012 1.55 2.3 3.03 9.69 0.06 49.95 7 1

E CIMB Islamic Enhanced Sukuk 23/2/2005 2.38 4.25 3.27 9.94 2.46 1.33 5 8

Eastspring Investments Dana Wafi 21/2/2005 1.92 3.14 2.74 11.37 1.75 1.55 10 5

Kenanga OA Inv-Kenanga Bon Islam 23/4/2004 1.18 2.09 1.61 6.42 1.48 1.08 15 11

E Libra ASnitaBOND 18/3/2005 2.18 3.65 3.32 17.26 2.19 1.5 4 6

Libra Dana Safa 1/12/2009 1.77 2.75 3.35 12.07 0.46 7.19 3 2

Manulife Shariah-Dana Sukuk 27/5/2013 2.22 3.38 1.73 10.95 2.89 0.61 14 14

Opus Shariah Income 18/9/2013 2.25 3.37 1.81 12.95 3.26 0.57 13 15

Pacific Dana Murni 25/3/2003 1.95 3.3 3.01 11.26 1.74 1.71 8 4

E RHB Islamic Bond 25/8/2000 2.28 4.11 3.53 20.31 2.91 1.21 2 10

Average 1.65 2.86 2.69 12.94 2.31 4.57

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

Note: ABS denotes ranking based on absolute return RAR denotes ranking based on risk-adjusted return - YTD is from 31/12/2016 to 30/9/2017.

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

13

Date KLCI m-o-m %

Change PMB Portfolio

m-o-m %

Change

PMB Islamic

Portfolio

m-o-m %

Change

Sep-17 1755.58 -1.0 266.9 +0.9 187.4 -0.3

Aug-17 1773.16 +0.8 264.4 +0.2 187.9 -0.3

Jul-17 1760.03 -0.2 263.8 +1.4 188.5 -0.5

Jun-17 1763.67 -0.1 260.2 -0.3 189.4 +1.7

May-17 1765.87 -0.1 261.0 +0.0 186.2 +0.4

Apr-17 1768.06 +1.6 260.9 +1.9 185.5 +1.5

Mar-17 1740.09 +2.7 256.1 +3.8 182.8 +2.1

Feb-17 1693.77 +1.3 246.7 +2.2 179.0 +1.0

Jan-17 1671.54 +1.8 241.4 +0.4 177.2 +1.3

Dec-16 1641.73 +1.4 240.4 +2.5 174.9 +0.3

Nov-16 1619.12 -3.2 234.5 -0.4 174.4 -1.8

Oct-16 1672.46 +1.2 235.4 +0.2 177.6 +0.1

Sep-16 1652.55 -1.5 234.9 +1.0 177.4 +0.5

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

Appendix

14

Date KLCI m-o-m %

Change PMB Portfolio

m-o-m %

Change

PMB Islamic

Portfolio

m-o-m %

Change

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

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

* Performance includes income distribution of funds using reinvestment method.