1

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January 2018

Phillip Funds Focus A MONTHLY NEWSLETTER EXCLUSIVELY FOR

INVESTMENT PROFESSIONALS

The US Conference Board’s consumer confidence index fell to 122.1 in

December from the revised 128.6 in November, an indication that American consumers have a less positive view on the current market outlook. This reading however is still on the upside with expectations of growth to continue on into 2018. In addition, consumer condition climbed again to 156.6 from 154.9 while consumer expectations gauge fell to 99.1 from 111.0. Meanwhile, U.S. President Donald Trump has signed the Republican tax reform bill into law after being passed by the House of Representatives. National and critical opinion on the bill have been quite negative as it is expected to provide more benefits for US corporations and the wealthy through a reduced corporate tax rate of 21% and the cutting of individual tax rates. Further effects and perception of the bill are believed to play a major role in the 2018 midterm elections, which will decide whether Democrats or Republicans control Congress.

The Bank of Japan (BOJ) ruled to maintain its aggressive monetary policy after an 8-1 majority vote during the last policy meeting of 2017. This decision also comes at a time where the BOJ’s inflation has yet to reach its targeted 2% despite growth in the economy. The BOJ’s short-term interest rate will be maintained at -0.1% while the target for the 10-year government bond yield will be at 0%.

The European Central Bank (ECB) lowered its purchasing of corporate bonds

and government bonds. In December, ECB bought corporate bonds at 3.08 billion euros or 3.7 billion US dollars’ worth of credit, less than half the amounts purchased in each of the previous three months while government bonds were reduced to 46.2 billion euros from the previous month’s 50.7 billion euros. This may indicate that the ECB is taking steps with its plan to end its stimulus program in 2018 if the economy continues to prosper.

All ASEAN bourses saw a positive performance in December except

Singapore’s Straits Times Index (STI) which loss 0.9%. Indonesia’s Jakarta Composite Index (JCI) rose at 6.8% followed by the Philippines Stock Exchange (PCOMP), Stock Exchange of Thailand (SET), and FTSE Bursa Malaysia KLCI (FBMKLCI) with gains of 3.7%, 3.3% and 4.6%, respectively.

Last month, we rebalanced our cash and increased exposure to Malaysian

funds. This month, we increase position into ex-Malaysian funds i.e. CIMB-Principal Greater China Equity, Manulife India Equity and RHB-GS US Equity following our view that these countries may continue to post strong economic figures which may support the markets.

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

December’s US nonfarm payrolls disappoints – The US

economy added a disappointing 148,000 jobs in Dec17, lower-

than-street’s expectation of 190,000. This was mainly

attributed to an unexpected loss of 20,000 retail positions

during the holiday season. Biggest gain came from healthcare

at 31,000, construction at 30,000 and manufacturing at 25,000.

Meanwhile, average hourly earnings rose at an annualized

gain of 2.5%, which is on par with the gain recorded in Nov17.

China’s manufacturing ends 2017 with slower expansion –

China’s manufacturing PMI came in at 51.6 in Dec17,

decelerating from 51.8 in Nov17. This may be due to the faster

rates of decline in raw material stocks and orders in hand amid

lengthening supplier delivery time. Despite an overall slower

expansion in Dec17, the country has been in expansionary

mode for 17 months in a row.

India’s factory activity expands fastest in Dec17 – India’s

Nikkei manufacturing PMI climbed to 54.7 in Dec17 from 52.6

in Nov17, marking the best reading in 5 years. Strong

business performance was underpinned by the fastest

expansions in output and new orders, which support the case

of stronger market demand from home and international

markets. This has allowed firms to raise prices at the fastest

pace in 10 months to make up for rising input costs, which

suggest inflation could remain buoyed above the central

bank’s target of 4.0%.

Window to the World

A Peep into Malaysia

Source: Bloomberg Note: Percentage changes are in local currencies

FBMKLCI ended 2017 with a gain – FBMKLCI reversed the

loss made in Nov17, after gaining 4.6% in Dec17, bringing 2017

performance to 9.5%. Looking at trading participants, foreigners

turned net buyer for the month, bought RM960m worth of

shares after being net seller since Aug17. Local institutions and

local retailers took the chance to offload their positions, sold

RM861m and RM99m worth of shares respectively. In 2017,

foreigners remain in net buying position at RM10.3bn, whilst

both local institutions and local retailers were the net seller at

RM9.1bn and RM1.2bn respectively.

Malaysia’s exports remained healthy – Exports maintained a

healthy pace of 14.4% in Nov17, albeit slower than Oct17. The

slowdown can be attributed to a slower growth in shipment of

commodities and non E&E products as a high base effect came

into effect. Trade balance narrowed to RM90bn in the

cumulative Jan17-Nov17 period, however still better than a

surplus of RM79.2bn in the corresponding period last year.

Malaysia’s currency strengthens to below MYR4.00/USD –

MYR strengthened by 1.7% to MYR3.9985 per USD in the first

week of Jan18, after appreciating by 0.6% in Dec17. The

stronger MYR was underpinned by expectations of a hike in

Overnight Policy Rate (OPR) by BNM this year and a weakness

in USD. This marks the first time Ringgit to be below

MYR4.00/USD level after been under pressure for the past

three years. For full year 2017, MYR strengthened by 9.8%,

after depreciating by 4.5% in 2016. Source: Bloomberg

M-o-M

(%)

YTD (%)

China

-0.3%

6.6%

Hong Kong

2.5% 36.0%

Japan

0.2% 19.1%

Malaysia

4.6% 9.5%

South Korea

-0.4% 21.8%

US 1.8% 25.1%

Markets Performance

DXY Index performance: M-o-M: -1.0%, YTD: -9.9%

3

US corporates to benefit from tax cut, Malaysia election-driven market Massive redemptions from developed markets especially the US back to emerging economies is unlikely as the US government has forced the corporate tax cut into law, boosting sentiment on the stock market as the law is expected to increase US corporates earnings via tax savings. We think that the tax cut may also lead to a big investments by the corporates, as witnessed in the higher capital expenditure plan by Fiat Chrysler and Foxconn at the start of the 2018. Thus, we still think that the US market may continue its upward momentum in the immediate term, until the earnings base normalizes.

Locally, we think that the major catalyst of Malaysian market will still be the 14th General Election (GE) which is expected to be in the 1H18 (vs the deadline to dissolve the parliament by 24 June 2018). The market has witnessed a strong inflow of foreign funds in Dec17, reversing the net selling position since Aug17. We think that the strong inflow may be sustainable moving, as the market is historically strong pre-GE.

Lighting Up Your Path

4

Actual PMB Model Portfolio* Illustrative PMB Islamic Model Portfolio*

Asset Allocation Return Asset Allocation Return

Oct-17 Nov-17 Dec-17 Jan-18 Dec-17 Oct-17 Nov-17 Dec-17 Jan-18 Dec-17

Kenanga Growth 13% 13% 13% 13% 2.3% Eastspring Investments Dana al-Ilham

25% 25% - - 3.3%

Eastspring Investments Equity Income

30% 30% 15% 15% 4.1% Kenanga Syariah Growth

25% 25% - - 2.2%

Phillip Master Equity Growth

13% 13% 20% 20% 3.4% Eastspring Investments Islamic Income

25% 25% - - 0.3%

CIMB Principal Asia Pacific Dynamic Income

10% 10% 10% 10% 2.5% MIDF Amanah Islamic

25% 25% - - 2.7%

Eastspring Investment Asia Pacific Equity

10% 10% 10% 10% 2.2% Affin Hwang Aiiman Equity

- - 25% 25% 3.0%

CIMB Principal Greater China Equity

3% 3% 3% 5% 1.0% Dana Makmur Pheim

- - 25% 25% 1.9%

Manulife India 3% 3% 3% 4% 4.4% CIMB Islamic Asia Pacific Equity

- - 25% 25% 0.0%

RHB-OSK-GS US Equity

7% 7% 7% 8% 1.9% MIDF Amanah Shariah Money Market

- - 25% 25% 0.0%

Dana Makmur Pheim - - 12% 12% 1.9%

Phillip Master Money Market

11% 11% 7% 3% 0.3%

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

PMB Model Portfolio

The Phillip Master Equity Growth fund rose 3.4% in

Dec17, mainly supported by its top holding

Pentamaster Berhad, which surged 24.7% for the

month. The stellar performance came in after the

company confirmed the listing of its HK subsidiary

on the Hong Kong Stock Exchange in Jan18. The

IPO proceeds will be used to expand its Penang

factory floor space from the existing 23,500 sq ft to

36,500 sq ft and build a new plant in Batu Kawan

with 47,700 sq ft floor space. Currently, its Penang

plant is running at 120% utilization rate and given its

current growth and order book, the management

guided that the new plant will last for another two

years before capex will have to start to kick in again.

Source: PCM

The RHB-GS US Equity fund continued its momentum, rose 1.9% for the month. This was attributed to optimism on the

passage of the President Trump’s corporate tax cut, which slash corporate tax rate from the current 35% to 21%. This may

translate to better earnings for US corporations, at the same time attracting business outside of the US to be repatriated

back to the country, thus creating more jobs. Following the development, we increase our exposure to the fund.

The CIMB-Principal Greater China Equity fund rose 1.0% in Dec17, supported by its exposure to the banking sector. The

manufacturing sector in the country is rapidly expanding, witnessed in the expansionary in PMI, and is expected to

continue driving the economy following stable domestic and international demand. We increase our allocation to the fund to

ride on the country’s economic growth.

The Manulife India fund recorded a gain of 4.4% for the month, following optimism on the country’s economy by the World

Bank, stating that the economy can grow its GDP for 2018 to 8% thanks to the measures taken by Prime Minister Modi to

restructure the economy. We increase our exposure to the fund to ride on the expectation of strong India economy.

In December, our PMB Model portfolio gained 2.2%, underperforming the FBMKLCI index with 4.6% gain. Meanwhile, our

PMB Islamic portfolio recorded a gain of 1.9% for the month.

Source: PCM

Source: PCM

5

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

1 Eastspring Investments Equity Income 4.1 14.9 C 23 Affin Hw ang AIIMAN Equity 3.0 25.1

2 Eastspring Investments MY Focus 2.6 21.4 24 BIMB I Grow th 2.7 31.3

3 Kenanga Grow th 2.3 25.8 C 25 Dana Makmur Pheim 1.9 20.7

4 Phillip Master Equity Grow th 3.4 30.8 C 26 Eastspring Investments Dana al-Ilham 3.3 10.5 C

27 Kenanga Syariah Grow th 2.2 13.0 C

28 MIDF Amanah Islamic 2.7 22.0 C

5 Affin Hw ang Select Balanced 1.9 13.6

6 Dana Makmur Pheim 1.9 20.7 C

29 AmBon Islam 0.3 4.6

7 AMB Income Trust 0.4 4.4

8 AmBond 0.4 4.7

30 Aberdeen Islamic World Equity (Class A) 0.2 7.4

31 CIMB Islamic Asia Pacif ic Equity 0.0 23.9

32 Eastspring Investments Dinasti Equity 1.0 34.3

9 Affin Hw ang Select Dividend 3.0 20.4

10 Affin Hw ang Select Opportunity 2.9 20.4

11 Affin Hw ang Select Asia ex-Japan Quantum -0.8 10.9 33 CIMB Islamic Balanced Grow th 1.7 9.1

12 CIMB-Principal Asia Pacif ic Dynamic Income 2.5 27.5 C

13 CIMB Principal Greater China Equity 1.0 29.6 C

14 Eastspring Investments Asia Pacif ic Equity 2.2 20.5 C 34 Phillip Master Money Market 0.3 3.6 C

15 Manulife India Equity 4.4 31.2 C 35 Eastspring Investment Islamic Income 0.3 3.6 C

16 RHB China-India Dynamic Grow th 1.8 27.2 36 MIDF Amanah Shariah Money Market 0.0 3.0

17 Eastspring Investments Asia Select Income 1.0 12.2 37 AmGlobal Property Equities 0.0 1.4

38 Precious Metals Securities 4.6 -3.3

39 Manulife Investment Asia Pacif ic REIT 1.8 15.6

18 CIMB Global Titans 0.0 8.2

19 Eastspring Investments Global Basics MY 0.0 12.6

20 Eastspring Investments Global Emerging 1.8 24.0

21 RHB-OSK-GS US Equity 1.9 16.7 C

22 TA European -0.5 3.5

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 Eastspring Investments Equity Income fund recorded a gain of 4.1%, mainly thanks to its top holdings CIMB Group Holdings Berhad. The share price had surged as much as 8.1% in Dec17, mainly attributed to the sentiment over its improved net interest margin, healthier non-interest income, better cost efficiency and lower credit-cost ratio.

The CIMB-Principal Asia Pacific Dynamic Income fund rose 2.5% for the month, supported by its exposure in China. China manufacturing PMI has been in an expansionary mode for the past 17 months, and the fund’s performance was supported with its exposure to manufacturing companies like Midea Group and Hangzhou Hikvision Digital Technology, which climbed 8.3% and 5.4% respectively in Dec7.

In commodities space, the Precious Metal Securities fund reversed the loss made in Nov17, as it gained 4.6% in Dec17. The fund with 77% exposure to gold was supported by the highest annual close in 2017 as US dollar was wilting. Gold is known to be the anti-dollar ended 2017 at 1,257.57/Oz, marking the 1-year gold performance at 9.1%.

For Fixed Income Caterfory, we are of the view that risk-averse investors may want to take this chance to explore opportunity in 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 4.09 22.4 22.4 25.72 6.44 3.19 8 7

Affin Hwang Growth 28/6/2011 3.42 20.99 20.99 23.41 6.41 3.03 12 8

Affin Hwang Principled Growth 22/7/2009 3.39 22.76 22.76 21.4 7.08 2.95 7 12

E Affin Hwang Select Dividend 28/3/2011 4.9 20.39 20.39 32.41 5.22 3.61 15 4

E Affin Hwang Select Opportunity 7/9/2001 0.52 20.43 20.43 32.55 8.51 2.24 14 26

E AMB Dividend Trust 6/6/2006 4.91 17 17 23.44 4.78 3.33 19 6

E AMB Ethical Trust 7/1/2003 1.66 14.98 14.98 9.39 5.98 2.37 25 23

E AMB Index-Linked Trust 16/5/2002 3.06 10.75 10.75 6.69 5.86 1.78 37 33

E AMB Unit Trust 26/3/1992 1.47 15.6 15.6 18.96 6.86 2.16 22 27

AMB Value Trust A MYR 7/1/2003 2.36 14.35 14.35 12.51 7.32 1.88 29 32

E AmDividend Income 28/3/2005 0.1 14.8 14.8 17.25 6.55 2.15 27 28

E AmMalaysia Equity 15/10/2001 3.14 17.42 17.42 27.23 5.47 2.98 18 11

E AmTotal Return 10/1/1989 0.5 15.6 15.6 8.69 6.42 2.30 23 25

E CIMB-Principal Equity 1/8/1995 2.44 14.05 14.05 15.77 6.56 2.04 30 30

CIMB-Principal Equity Aggressive 3 12/3/1998 6.42 21.02 21.02 18.95 7.11 2.74 11 16

E CIMB-Principal Equity Growth & Income 15/5/1991 9.42 24.96 24.96 31.83 5.18 4.37 5 1

E Eastspring Investments Equity Income 18/10/2004 4.76 14.86 14.86 31.36 4.7 2.99 26 10

E Eastspring Investments Growth 29/5/2001 8.31 20.18 20.18 24.67 7.2 2.61 16 20

E Eastspring Investments MY Focus 1/3/2011 1.69 21.4 21.4 32.84 7.23 2.74 9 17

E KAF Core Income 2/9/2004 4.77 11.54 11.54 16.22 7.24 1.55 34 36

KAF Tactical 2/9/2004 1.65 27.96 27.96 29.08 9.59 2.64 3 18

E Kenanga Growth 17/1/2000 7.23 25.83 25.83 52.07 6.68 3.50 4 5

E Kenanga Malaysian Inc 9/11/2007 7.46 24.25 24.25 50.83 5.99 3.69 6 3

Kenanga OA Inv-Kenanga Blue Chip 23/4/2004 4.71 15.83 15.83 10.14 4.92 3.03 20 9

E Kenanga Premier 26/11/1996 3.01 8.65 8.65 14.85 6.01 1.41 42 39

E Libra DividendEXTRA 18/3/2005 3.27 17.8 17.8 39.36 6.45 2.59 17 21

E Libra EquityEXTRA 10/9/1999 5.79 20.46 20.46 15.53 6.72 2.83 13 14

Manulife Equity Plus 29/12/2009 0.86 15.04 15.04 22.46 6.04 2.36 24 24

Maybank Q-Opportunities 4/7/2011 -2.85 10.77 10.77 13.64 10.08 1.07 36 41

E MIDF Amanah Dynamic 5/5/1976 -2.22 8.68 8.68 16.74 8.38 1.04 41 42

MIDF Amanah Growth 2/12/1966 3.54 21.16 21.16 31.42 7.12 2.75 10 15

Pacific Dividend 18/11/2003 0.37 10.53 10.53 3.5 6.63 1.55 39 37

Pacific Millennium 15/4/1999 5.45 13.92 13.92 5.14 4.53 2.91 31 13

Pacific Premier 10/8/1995 2.65 13.37 13.37 9.69 6.21 2.06 32 29

Pacific Recovery 15/4/1999 5.17 15.8 15.8 12.89 6.25 2.39 21 22

Phillip Master Equity Growth 18/6/2003 7.97 30.8 30.8 55.05 10.54 2.62 1 19

RHB Capital 12/4/1995 -2.38 14.65 14.65 12.98 7.4 1.89 28 31

RHB Equity 8/8/1996 -10.21 1.81 1.81 -16.40 11.42 0.21 45 45

RHB KLCI Tracker 3/4/2000 2.81 10.98 10.98 6.09 6.51 1.64 35 35

RHB Malaysia DIVA 3/5/1999 18.79 29.45 29.45 21.05 6.52 4.03 2 2

E RHB Malaysia Dividend 4/3/2008 -6.03 6.64 6.64 2.39 8.98 0.76 43 43

E RHB Smart Treasure 7/9/2004 -9.64 1.92 1.92 18.69 9.53 0.24 44 44

E TA Comet 1/10/1999 2.98 10.58 10.58 16.75 6.99 1.48 38 38

TA Growth 1/7/1996 1.25 9.84 9.84 16.59 6.82 1.41 40 40

TA High Growth 7/6/2004 1.92 12.12 12.12 13.98 6.78 1.73 33 34

Average

2.78 16.32 16.32 20.13 6.92 2.33

Malaysia, Equity-Islamic Growth

Aberdeen Islamic Malaysia Equity A 17/1/2013 1.87 7.61 7.61 8.44 5.07 1.47 23 22

Affin Hwang Aiiman Equity 1/8/2007 8.75 25.11 25.11 21.85 6.09 3.74 2 1

E Affin Hwang Aiiman Growth 8/10/2002 3.08 15.42 15.42 19.16 5.97 2.45 8 9

AmanahRaya Islamic Equity 23/4/2008 3 10.16 10.16 15.01 4.67 2.10 17 13

E AMB Dana Yakin 24/11/2000 0.05 9.84 9.84 14.37 6.5 1.48 19 21

E AMB Shariah Value Plus A-MYR 16/6/2015 0.52 5.16 5.16 7.68 0.69 25 26

E AmIslamic Growth 10/9/2004 6.32 16.37 16.37 19.74 4.43 3.47 7 3

E AmIttikal 12/1/1993 2.13 9.42 9.42 10.48 4.75 1.93 21 17

BIMB i Dividend

18/3/2011

-0.36

9.75

9.75

-3.47

8.37

1.15

20

23

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)

BIMB i Growth 30/6/1994 7.27 31.29 31.29 12.71 10.66 2.63 1 6

BIMB-Arabesque Malaysia Shariah-ESG Equity MYR 9/3/2017 7.91

E CIMB Islamic Al-Azzam Equity 1/8/2012 5.8 14.84 14.84 17.87 6.09 2.31 10 11

E CIMB Islamic Equity Aggressive 15/6/1995 5.72 14.86 14.86 20.99 6.02 2.34 9 10

E Eastspring Investments Dana al-Ilham 14/8/2002 6.01 10.47 10.47 17.51 4.93 2.05 16 15

E KAF Dana Adib 25/3/2004 -0.15 16.68 16.68 5.7 9.37 1.70 6 18

E Kenanga Islamic 15/8/2002 2.82 9.27 9.27 15.91 4.32 2.08 22 14

E Kenanga OA Inv-Kenanga Ekuiti Islam 23/4/2004 2.29 10.71 10.71 17.14 4.47 2.31 14 12

E Kenanga OA Inv-Kenanga Shariah Growth Opps 23/4/2004 4.07 11.23 11.23 17.97 4.09 2.63 13 5

E Kenanga Syariah Growth 29/1/2002 5.67 12.96 12.96 20.85 4.7 2.63 12 7

E Libra Amanah Saham Wanita 4/5/1998 3.83 18.34 18.34 14.3 6.85 2.51 4 8

Manulife Shariah-Dana Ekuiti 27/5/2013 4.81 18.19 18.19 33.37 4.7 3.60 5 2

E MIDF Amanah Islamic 14/5/1971 4.62 22.02 22.02 33.08 6.44 3.14 3 4

Pacific Dana Aman 16/4/1998 1.77 4.67 4.67 0.85 6.88 0.70 26 25

PMB Dana Al-Aiman 19/5/1997 -10.79 -4.35 -4.35 -3.42 10.32 -0.38 29 29

PMB Dana Bestari 3/10/2002 -7.33 1.81 1.81 5.91 9.79 0.23 28 28

PMB Dana Mutiara 5/8/2004 -1.9 4.66 4.66 10.36 9.3 0.53 27 27

PMB Shariah Index 25/3/2002 3.84 9.97 9.97 9.1 4.9 1.97 18 16

RHB Dana Islam 26/10/2001 -0.53 10.66 10.66 21.85 6.79 1.53 15 20

TA Dana Fokus 17/6/2008 -0.27 14.08 14.08 10.65 8.58 1.58 11 19

TA Islamic 24/4/2001 0.24 6.18 6.18 15.06 8.23 0.77 24 24

Average

2.37

11.98

11.98

14.41 6.58

1.91

Malaysia Equity Small Cap

AMB SmallCap Trust 3/3/2004 5.69 25.4 25.4 27.57 7.04 3.28 2 2

E CIMB-Principal Small Cap 20/4/2004 3.2 23.47 23.47 17.47 10.18 2.14 3 3

Eastspring Investments Islamic Small-Cap 25/5/2017 8.84

E KAF Vision 1/3/2000 -2.52 15.88 15.88 47.41 9.69 1.57 5 5

E Kenanga OA Inv-Kenanga Growth Opportunities 23/4/2004 2.85 7.45 7.45 26.52 6.39 1.16 9 7

MIDF Amanah Strategic 1/6/1970 -1.15 21.47 21.47 34.86 11.72 1.73 4 4

Pacific Pearl 6/1/1997 -5.44 -2.31 -2.31 -14.29 10.76 -0.17 11 10

PMB Shariah Mid-Cap 20/4/1992 -6.2 -1.63 -1.63 0.06 6.95 -0.20 10 11

PMB Shariah Small-Cap 16/5/2016 4.14 32.78 32.78

8.39 3.46 1 1

E RHB Emerging Opportunity 18/5/2004 -1.29 11.20 11.20 8.81 8.72 1.26 8 6

E RHB Small Cap Opportunity 20/4/1998 -6.76 13.44 13.44 27.89 11.76 1.13 6 8

TA Small Cap 9/2/2004 -0.06 11.21 11.21 14.72 10.13 1.10 7 9

Average 0.11 14.40 14.40 19.10 9.25 1.50

Asia Equity Offshore

Affin Hwang Select APAC ex-Japan Dividend MYR 8/12/2014 8.72 24.87 24.87 41.72 6.66 3.40 14 9

E Affin Hwang Select APAC ex-Japan REITs and Infra 25/4/2007 1.15 7.19 7.19 23.18 7.73 0.94 34 33

E Affin Hwang Select Asia (ex Japan) Opportunity 18/7/2006 9.74 25 25 49.19 6.39 3.56 12 8

E Affin Hwang Select Asia (ex Japan) Quantum 15/4/2004 -7.52 10.91 10.91 35.92 11.65 0.95 30 32

Affin Hwang World Series - Japan Growth 3/3/2014 17.07 26.3 26.3 39.2 5.6 4.23 11 4

E AmCumulative Growth 24/7/1996 17.26 30.99 30.99 47.87 6.86 4.01 5 5

E Asia Pacific Equity Income 18/4/2012 9.74 23.04 23.04 38.45 10.97 1.96 15 27

CIMB-Principal ASEAN Equity 12/9/2007 5.47 17.03 17.03 24.81 4.84 3.29 24 11

CIMB-Principal Australian Equity 20/3/2010 3.96 7.14 7.14 31.94 10.44 0.71 35 35

CIMB-Principal China-India-Indonesia Equity 21/1/2010 6.36 22.02 22.02 47.32 7.83 2.60 17 15

E CIMB-Principal Greater China Equity 12/6/2007 8.79 29.6 29.6 70.23 9.18 2.90 6 13

Eastspring Investments Asia Pacific Equity MY 21/7/2005 5.84 20.49 20.49 34.08 10.89 1.77 19 28

KAF Jade 1/11/2006 11.62 21.53 21.53 31.9 7.06 2.82 18 14

Kenanga Asean Tactical Total Return 1/7/2015 4.28 7.92 7.92 5.17 1.50 32 31

E Kenanga Asia Pacific Total Return 11/7/2013 2.88 11.61 11.61 29.7 5.68 1.97 29 26

Manulife Asian Small Cap Equity MYR 8/4/2015 15.5 27.59 27.59 6.73 3.69 8 7

Manulife China Equity 7/1/2010 5.14 17.66 17.66 35.31 8.44 1.98 23 25

Manulife Dragon Growth USD 3/11/2016 23.8 42.4 42.4 8.17 4.43 1 1

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 India Equity 7/1/2010 10.24 31.21 31.21 63.61 11.07 2.53 4 18

Manulife Investment Greater China 21/10/2008 15.13 34.72 34.72 60.57 8.24 3.70 2 6

Manulife Investment Indonesia Equity 19/10/2010 1.07 4.97 4.97 5.53 7.24 0.70 38 36

Manulife Investment Pacific 23/6/2005 7.35 19.83 19.83 57.7 7.5 2.46 20 20

Pacific Focus China 19/5/2009 9.1 26.5 26.5 46.43 9.43 2.56 10 16

E Pheim Asia Ex-Japan 30/6/2006 7 18.24 18.24 28.3 8.38 2.05 21 24

E RHB Asean 2/12/2009 0.27 10.85 10.85 20.13 6.75 1.56 31 30

RHB Asia Consumer 18/1/2010 8.87 24.89 24.89 36.25 5.29 4.27 13 2

RHB Asia Pacific 6/1/2006 4.68 16.05 16.05 16.98 6.91 2.20 26 21

RHB Asian Growth Opportunities 8/1/2008 2.42 11.68 11.68 30.06 7 1.62 28 29

RHB Big Cap China Enterprise 3/12/2007 10.2 27.98 27.98 54.5 9.91 2.56 7 17

RHB China-India Dynamic Growth 11/3/2010 9.86 27.15 27.15 48.43 8.29 2.97 9 12

RHB Dividend Valued Equity 13/7/2005 -0.3 7.51 7.51 19.05 9.13 0.84 33 34

RHB Entrepreneur 14/10/2014 9.51 22.08 22.08 45.51 8.24 2.48 16 19

RHB Indonesia Equity Growth 4/4/2011 -2.25 1.11 1.11 10.37 8.4 0.17 40 40

RHB Resources 16/5/2006 4.42 6.27 6.27 14.84 10.98 0.61 36 39

RHB Singapore Income Feeder MYR 18/1/2016 -4.72 5.69 5.69 9.28 0.64 37 38

E TA Asian Dividend Income 15/8/2007 2.54 13.67 13.67 31.29 6.3 2.07 27 23

E TA South East Asia Equity 28/11/2005 6.52 17.77 17.77 31.55 5.01 3.31 22 10

Templeton Asian Growth MYR A 21/9/2015 5.9 16.65 16.65 7.16 2.20 25 22

Templeton Asian Smaller Companies MYR A 7/10/2015 10.16 32.75 32.75 6.78 4.26 3 3

United ASEAN Discovery 8/12/2014 -2.18 4.59 4.59 31.12 7.02 0.67 39 37

Average 6.64 18.89 18.89 36.27 7.87 2.33

Equity Offshores-Others

Affin Hwang Absolute Return III 18/11/2014 3.34 15.93 15.93 33.52 7.26 2.08 12 22

Affin Hwang Fixed Maturity Income XII 22/10/2014

Affin Hwang Fixed Maturity Income XIII 12/1/2015 2.47 6.79 6.79 0.79 8.39 29 1

Affin Hwang Income Focus 1 24/8/2017

Affin Hwang Structured Income 9 18/10/2016 5.25 10.82 10.82 1.35 7.63 19 3

E AmAsia Pacific Leisure Dividend 25/2/2013 5.98 18.02 18.02 23.47 6.64 2.54 9 15

E AmAsia Pacific REITs B MYR 18/7/2011 2.32 5.57 5.57 36.72 3.62 1.52 30 27

AmAsia Pacific REITs Plus 1/7/2013 2.36 7.7 7.7 29.85 4.36 1.73 27 24

E AmAsia-Pacific Property Equities 18/7/2006 1.38 3.64 3.64 26.37 5.59 0.67 35 35

AmGlobal Property Equities 25/10/2005 -0.62 1.35 1.35 31.09 5.29 0.28 41 42

E AmPan European Property Equities 6/3/2007 10.85 21.95 21.95 50.63 8.3 2.45 6 18

AmSchroders European Equity Alpha 8/8/2006 0.22 7.8 7.8 41.1 6.75 1.15 25 32

E CIMB-Principal Asia Pacific Dynamic Income MYR 25/4/2011 9.22 27.52 27.52 48.35 9.84 2.54 1 16

E CIMB-Principal Global Titans 18/7/2005 2.87 8.16 8.16 42.4 4.52 1.76 24 23

CIMB-Principal Total Return Bond 3 11/7/2016 1.95 5.09 5.09 0.64 7.81 32 2

Eastspring Investments APAC ex-Japan Target Return 10/10/2014 9.68 18.84 18.84 26.35 5.76 3.04 8 8

E Eastspring Investments Global Basics MY 17/1/2007 5.83 12.63 12.63 44.55 5.42 2.23 16 19

Eastspring Investments Global Emerging Markets 11/1/2008 10.09 23.97 23.97 49.04 8.04 2.73 4 13

E Eastspring Investments Global Leaders MY 23/3/2006 5.52 9.4 9.4 47.76 5.55 1.65 22 25

Franklin U.S. Opportunities MYR 8/5/2013 9.87 26.1 26.1 31.02 6.7 3.53 2 7

Global Agribusiness 3/5/2007 8.09 8.67 8.67 14.21 5.76 1.47 23 29

Global Emerging Market Opportunities 18/3/2008 8.49 21.9 21.9 42.65 7.6 2.66 7 14

E Kenanga Global Dividend 19/3/2007 1.29 2.55 2.55 30.91 4.79 0.55 39 37

Kenanga Global Opportunities 21/6/2010 -4.48 -2.06 -2.06 -1.05 6.31 -0.30 45 46

E Libra Consumer and Leisure Asia 18/7/2007 -11.18 -4.11 -4.11 18.23 9.66 -0.39 47 47

Libra Resource Equity 18/3/2011 -2.5 2.85 2.85 14.68 8 0.39 38 39

Manulife Global Resources 7/1/2010 8.13 -2.41 -2.41 20.91 10.48 -0.19 46 45

Manulife Investment Asia-Pacific REIT 7/6/2007 5.79 15.6 15.6 47.89 4.98 2.95 13 9

Manulife Investment U.S. Equity 21/10/2009 4.26 7.74 7.74 41.47 5.15 1.48 26 28

E Pacific Asia Brands 20/1/2006 -4.2 -1.13 -1.13 15.58 6.64 -0.14 44 44

E Pacific Global Stars 20/7/2006 0.91 1.93 1.93 23.84 4.5 0.45 40 38

Pacific Real Opportunities Absolute Return

21/4/2016

-4.08

-4.56

-4.56

7.08

-0.63

48

48

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)

RHB Asia Financials 11/1/2011 5.09 14.89 14.89 27.12 10.66 1.36 14 31

RHB Energy 23/3/2009 7.37 -5.85 -5.85 17.7 6.92 -0.84 50 49

RHB European Select 3/3/2015 0.12 10.85 10.85 7.25 1.46 18 30

E RHB Global Equity Yield 9/11/2005 5.08 10.47 10.47 29.4 4.85 2.08 20 21

RHB Global New Stars 24/1/2007 5.38 10.38 10.38 19.5 6.53 1.55 21 26

RHB Gold And General 21/7/2009 6.76 5.32 5.32 61.12 16.99 0.38 31 40

E RHB Goldenlife 2020 21/2/2005 -4.23 3.27 3.27 0.2 5.71 0.59 37 36

E RHB Goldenlife 2030 21/2/2005 -5.55 7.06 7.06 3.33 8.12 0.88 28 33

RHB Pre-IPO & Special Situation 2 22/7/2014 -0.36 0.12 0.12 14.47 3.02 0.05 43 43

RHB Pre-IPO & Special Situation 3-MYR 5/10/2015 0.02 1.06 1.06 3.14 0.35 42 41

RHB Private Equity Opportunity 1 28/7/2016 -2.06 -5.13 -5.13 3.23 -1.61 49 50

RHB US Focus Equity 15/10/2010 7.77 14.06 14.06 34.8 6.23 2.15 15 20

RHB-GS US Equity 18/5/2011 7.08 16.72 16.72 18.68 5.59 2.81 10 11

E TA European Equity 20/3/2007 -0.38 3.46 3.46 34.57 4.86 0.72 36 34

TA Global Technology 26/5/2011 7.4 22.46 22.46 59.57 7.21 2.87 5 10

TA Structured Income 3/3/2016 4.16 11.29 11.29 4.39 2.47 17 17

Templeton Global Equity MYR A 13/4/2015 6.46 16.07 16.07 5.54 2.73 11 12

United Global Quality Equity MYR Hedged 26/9/2016 9.51 24.15 24.15 3.83 5.72 3 5

United Target Income Bond 7 18/7/2016

2.00

4.39

4.39

1.18 3.66

33

6

United Trigger Bond 26/5/2014

1.64

4.08

4.08

18.61

0.67 5.99

34

4

Average

3.25

8.95

8.95

30.02 5.87

1.95

Asia Equity Offshore Islamic

Aberdeen Islamic APAC ex Japan Equity A MYR 2/12/2015 2.08 7.15 7.15 8.2

0.88 10 11

Aberdeen Islamic World Equity A MYR 17/1/2013 2.46 7.39 7.39 24.78 3.82

1.89 9 8

AmASEAN Equity 6/6/2011 3.82 6.44 6.44 12.95 3.33 1.90 11 7

AmIslamic Income Regular 1 12/9/2017

E AmOasis Global Islamic Equity 21/4/2006 1.56 -0.3 -0.3 11.56 4.1

(0.05) 14 14

ASEAN Equity 6/2/2014 -2.07 2.34 2.34 6.37 4.32

0.56 12 12

BIMB-Arabesque i Global Dividend 1 - MYR 5/11/2015 4.03 12.81 12.81 5.42

2.26 7 5

E CIMB Islamic Asia Pacific Equity 2/6/2006 9.77 23.93 23.93 43.03 9.38

2.35 2 3

Commodities Equity 19/7/2010 7.05 -1.88 -1.88 -5.69 8.74

(0.18) 15 15

E Eastspring Investments Dinasti Equity 26/10/2009 13.08 34.25 34.25 75.5 8.27

3.64 1 1

ICD Global Sustainable 23/6/2017 5.17

KAF Australia Islamic Property A MYR 1/8/2016 2.61 12.94 12.94 9.33

1.35 6 10

Manulife Investment Shariah Asia-Pacific 16/1/2008 8.99 20.91 20.91 36.06 8.47

2.30 4 4

Maybank Bosera Greater China Asean Equity-I A 27/4/2015 6.21 19.19 19.19 5.79 3.08 5 2

Pacific Dana Dividen 26/7/2007 -2.13 1.46 1.46 7.47 5.16 0.30 13 13

E Pheim Asia Ex-Japan Islamic 1/11/2006 5.15 21.39 21.39 29.54 8.92 2.23 3 6

E Precious Metals Securities 15/11/2007 -2.33 -3.28 -3.28 13.63 13.1 -0.19 16 16

RHB Global Food Islamic Equity 11/8/2011 -7.56 -9.49 -9.49 8.09 4.06 -2.43

17

17

RHB Islamic Global Developed Markets MYR 28/5/2015

4.19

8.22

8.22

4.93 1.63

8

9

Average

3.45

9.62

9.62

21.94 6.78

1.27

Malaysia Mixed Assets

Affin Hwang ASEAN Flexi MYR 8/9/2014 10.5 14.19 14.19 25.78 6.37 2.12 10 20 Affin Hwang Select Balanced 28/7/2003 4.34 13.55 13.55 23.71 4.04 3.18 13 7

Affin Hwang Select Income 6/1/2005 3.32 10.44 10.44 24.87 2.69 3.73 17 4

Affin Hwang Tactical 10/8/2010 2.83 16.24 16.24 16.09 4.96 3.07 8 9

E AMB Balanced Trust 19/9/1994 2.42 8.51 8.51 13.65 2.99 2.75 19 11

E AMB Lifestyle Trust Today 25/11/2004 -1.2 3.9 3.9 16.38 2.31 1.67 32 25

E AmBalanced 16/9/2003 9.62 25.68 25.68 21.95 5.75 4.04 2 3

E AmConservative 16/9/2003 0.3 7.07 7.07 17.16 3.32 2.08 21 21

Affin Hwang ASEAN Flexi MYR 8/9/2014 10.5 14.19 14.19 25.78 6.37 2.12 10 20

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)

AmDynamic Allocator 23/4/2012 2.57 5.11 5.11 14.39 3.54 1.43 28 28

E Eastspring Investments Asia Select Income 18/11/2005 3.98 12.15 12.15 29.7 3.76 3.08 14 8

E Eastspring Investments Balanced 29/5/2001 6.81 17.41 17.41 30.29 5.1 3.19 6 6

E Eastspring Investments Dynamic 6/11/2003 5.64 17.3 17.3 48.62 6.39 2.54 7 14

InterPac Dynamic Equity 25/7/2007 2.74 45.83 45.83 56 16.85 2.35 1 16

E KAF First 16/1/1996 -2.9 3.54 3.54 14.47 4.91 0.73 33 31

E Kenanga Balanced 23/5/2001 5.25 18.89 18.89 29.01 5.07 3.46 5 5

E Kenanga OA Inv-Kenanga Diversified 23/4/2004 8.03 24.82 24.82 36.21 5.36 4.20 3 1

E Kenanga OA Inv-Kenanga Managed Growth 23/4/2004 7.51 24.04 24.04 36.03 5.39 4.06 4 2

Libra Strategic Opportunity 1/11/2012 0.32 -44.5 -44.5 -82.88 38.76 -1.27 35 35

E Libra TacticalEXTRA 18/3/2005 0.72 14.68 14.68 7.73 7.46 1.88 9 22

Maybank Q-Target Return 4/7/2011 -0.57 10.02 10.02 17.67 5.25 1.85 18 23

Pacific Dynamic AsiaPac 29/7/2013 2.19 8.08 8.08 11.17 5.4 1.47 20 27

Pacific Income 18/8/2000 0.42 5.11 5.11 5.09 3.29 1.53 27 26

Pacific SELECT Balance 11/8/2003 4.33 10.61 10.61 6.8 3.74 2.72 16 12

Pacific SELECT Income 11/8/2003 0.9 3.91 3.91 4.03 1.43 2.69 31 13

E Pheim Income 28/1/2002 2.82 5.36 5.36 16.32 2.33 2.26 26 18

RHB Golden Dragon 8/5/2007 4.57 13.68 13.68 29.16 5.73 2.28 11 17

E RHB Goldenlife Today 21/2/2005 0.4 6.06 6.06 14.51 2.47 2.40 23 15

E RHB Growth And Income Focus 7/1/2005 -3.44 5.08 5.08 13.99 7.25 0.72 29 32

RHB Kidsave 10/5/1999 -5.93 5.81 5.81 0.08 8.97 0.67 24 33

E RHB Smart Balanced 7/9/2004 -5.77 6.13 6.13 23.56 7 0.88 22 30

E RHB Smart Income 7/9/2004 -2.75 4.63 4.63 20.17 4.18 1.10 30 29

E RHB Thematic Growth 26/9/2007 -2.72 13.58 13.58 21.18 7.64 1.71 12 24

E TA Global Asset Allocator 12/6/2006 -0.21 -1.48 -1.48 11.62 3.52 -0.41 34 34

TA Income 6/5/2002 2.69 11.72 11.72 15.21 4 2.80 15 10

United Income Plus 9/2/2015 0.68 5.76 5.76 2.52 2.24 25 19

Average 2.01 10.08 10.08 17.34 5.99 2.15

Malaysia Mixed Assets-Islamic

Affin Hwang Aiiman Balanced 11/11/2001 5.69 15.19 15.19 20.53 3.19 4.47 5 5

E Affin Hwang Aiiman Select Income 1/3/2013 3.24 8.81 8.81 16.4 1.55 5.48 11 2

E AMB Dana Ikhlas 17/9/2002 2.29 5.28 5.28 7.32 2.4 2.16 14 11

E AmIslamic Balanced 10/9/2004 6.52 14.11 14.11 21.45 2.87 4.64 8 4

BIMB Dana Al-Munsif 27/12/2001 7.99 17.78 17.78 3.45 6.9 2.42 4 10

E CIMB Islamic Balanced Growth 26/5/2003 3.8 9.05 9.05 10.62 2.55 3.42 10 8

E CIMB Islamic Enhanced Sukuk 23/2/2005 2.77 6.1 6.1 12.15 0.85 7.02 13 1

E Dana Makmur Pheim 28/1/2002 7.86 20.7 20.7 35.12 5.56 3.44 2 7

E Eastspring Investments Dana al-Islah 14/8/2002 3.29 6.11 6.11 11.45 1.18 5.04 12 3

E Eastspring Investments Dana Dinamik 25/2/2004 7.68 18.16 18.16 27.85 4.61 3.67 3 6

InterPac Dana Safi 25/7/2007 -4.13 40.12 40.12 50.63 21.58 1.68 1 14

E KAF Dana Alif 26/2/2003 -0.65 14.69 14.69 13.6 6.78 2.06 6 12

E Kenanga Islamic Balanced 6/12/2004 0.68 4.29 4.29 10.27 2.31 1.83 15 13

Kenanga OA Inv-Kenanga Shariah Balanced 23/4/2004 -10.31 -14.85 -14.85 -30.7 3.68 -4.33 19 19

E Libra SyariahEXTRA 1/1/2003 3.72 14.05 14.05 21.12 3.92 3.39 9 9

Pacific Dana Imbang 2/6/2014 1.3 2.43 2.43 -6.62 3.9 0.63 17 17

PMB Shariah Tactical 29/10/1979 -13.81 -13.13 -13.13 -12.98 10.4 -1.30 18 18

RHB Dana Hazeem 18/2/2013 -2.66 3.94 3.94 9.95 5.54 0.73 16 16

TA Dana Optimix 17/1/2005 1.03 14.44 14.44 19.52 9.67 1.45 7 15

Average

1.38

9.86

9.86

12.69 5.23 2.52

Mixed Assets Offshore

Affin Hwang Aiiman Asia (ex Japan) Growth MYR 14/12/2015 10.34 23.1 23.1 6.36 3.32 1 4

Affin Hwang Select APAC ex-Japan Balanced MYR 8/12/2014 4.97 11.08 11.08 28.05 4.31 2.47 7 6

Affin Hwang Select AUD Income MYR 18/3/2010 -0.96 4.29 4.29 24.75 9.6 0.48 14 14

Affin Hwang Select SGD Income MYR 1/8/2012 2 9.1 9.1 32.09 4.98 1.78 10 10

AmAustralia 15/3/2011

Amundi International 3/9/2015 5.39 11.38 11.38 2.76 3.93 6 1

BIMB Dana Al-Falah 27/12/2001 8.47 13.06 13.06 8.45 1.50 5 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)

CIMB-Principal Global Multi Asset

Income 20/3/2014 -1.09 2.02 2.02 19.36 4.7 0.45 15 15

Eastspring Investments ASEAN al-Adiil 28/10/2013 3.21 5.54 5.54 20.41 3.88 1.41 13 12

Libra IncomeEXTRA 10/9/1999 -6.38 -0.44 -0.44 7.29 -0.03 17 17

Pacific AsiaPac Income 28/11/2006 5.8 14.16 14.16 29.78 3.77 3.55 3 3

Pheim Emerging Companies Balanced 28/1/2002 4.01 10.53 10.53 17.32 4.12 2.46 8 7

E RHB Asian Income MYR 5/6/2012 2.79 8.25 8.25 31.99 3.72 2.15 12 9

RHB Multi Asset Regular Income 7/12/2012 -1.62 0.19 0.19 21.94 4.29 0.07 16 16

E TA Asia Pacific Islamic Balanced 7/11/2006 5.85 13.52 13.52 32.46 4.46 2.88 4 5

TA BRIC and Emerging Markets 25/2/2010 3.22 8.81 8.81 27.58 7.07 1.23 11 13

Templeton Global Balanced MYR A 5/5/2015 4.86 14.17 14.17 3.69 3.63 2 2

United Bond & Equity Strategic Trust 8/9/2014 0.34 10.03 10.03 23.88 4.49 2.16 9 8

Average 3.01 9.34 9.34 25.80 5.17 1.97

Fixed Income

E Affin Hwang Bond 12/12/2001 1.87 5.06 5.06 13.1 0.93 5.35 7 16

Affin Hwang Select Bond 28/7/2003 1.32 4.7 4.7 20.17 1.42 3.26 12 23

E AmanahRaya Unit Trust 21/9/2006 2.14 4.82 4.82 12.96 0.45 10.49 10 3

E AMB Enhanced Bond Trust 27/5/2003 1.36 4.48 4.48 12.45 0.81 5.43 18 15

E AMB Income Trust 19/6/1996 1.59 4.39 4.39 14.63 0.87 4.95 19 17 AmBond 20/1/2000 2.06 4.66 4.66 14.38 0.57 7.95 14 7

E AmDynamic Bond 16/9/2003 2.14 4.79 4.79 15.51 0.67 7.04 11 10

AmIncome Plus 17/6/2004 1.78 3.89 3.89 11.06 0.22 17.62 22 1

AmTactical Bond B MYR 29/10/2012 1.04 2.96 2.96 24.35 0.88 3.32 24 22

Amundi Bond Global Aggregate MYR 3/9/2015 2.77 5.82 5.82 1.28 4.43 4 18

E CIMB-Principal Bond 15/11/1995 1.99 4.48 4.48 12.03 0.52 8.48 17 6

E CIMB-Principal Strategic Bond 23/3/2004 1.18 3.3 3.3 11.69 1.07 3.05 23 24

E Eastspring Investments Bond 29/5/2001 1.79 4.51 4.51 21.37 0.46 9.69 16 5

Eastspring Investments Global Target Income 18/7/2016 5.26 10.59 10.59 2.37 4.29 1 19

KAF Bond 1/11/2006 2.24 5.24 5.24 17.56 0.45 11.42 5 2

KAF Enhanced Bond 30/1/2002 -0.23 1.99 1.99 6.91 1.83 1.08 27 25

Kenanga Bond 15/8/2002 1.48 3.76 3.76 10.35 0.48 7.73 22 8

Kenanga OA Inv-Kenanga Income Plus 23/4/2004 1.59 4.14 4.14 11.45 0.57 7.18 20 9

E Libra BondEXTRA 8/10/2002 1.98 4.69 4.69 18.99 0.45 10.32 13 4

Manulife Bond Plus 29/12/2009 1.8 4.07 4.07 13 0.58 6.94 21 11

Maybank Financial Institutions Income 17/12/2009 2.02 4.52 4.52 12.8 0.31 14.45 15 1

Maybank Financial Institutions Income Asia 26/8/2014 2.15 7.69 7.69 25.04 1.87 3.99 2 21

Maybank Global Bond 4/11/2013 -4.23 -3.38 -3.38 9.46 6.1 -0.54 30 30

Opus Dynamic Income 3/6/2009 2.26 4.89 4.89 14.82 0.74 6.45 9 12

RHB Asian High Yield-MYR 8/6/2015 2.52 7.04 7.04 1.68 4.06 3 20

RHB Asian Total Return 26/2/2007 -3.94 -4.96 -4.96 26.44 4.72 -1.06 32 32

E RHB Bond 10/10/1997 2.25 5.11 5.11 18.34 0.8 6.26 6 13

RHB Emerging Markets Bond 3/1/2012 -1.95 -0.6 -0.6 31.18 4.86 -0.10 29 29

E RHB Income 2 26/2/2003 1.88 4.98 4.98 14.65 0.84 5.77 8 14

E TA Total Return Fixed Income 1/10/2012 -2.88 -0.4 -0.4 17.36 4.78 -0.06 28 28

Templeton Asian Bond MYR 5/2/2013 0.41 2.26 2.26 -6.86 2.14 1.05 26 26

Templeton Global Total Return MYR 14/11/2012 -0.66 2.93 2.93 3.73 4.51 0.66 25 27

United Asian High Yield MYR 30/6/2015 -3.58 -3.95 -3.95 4.95 -0.79 31 31

Average 0.99 3.58 3.58 14.92 1.72 5.08

Fixed Income - Islamic

Affin Hwang Aiiman Global Sukuk MYR 14/12/2015 -6.51 -8.36 -8.36 3.86 -2.24 15 15

E Affin Hwang Aiiman Income Plus 28/6/2004 1.59 3.98 3.98 12.99 0.66 5.91 10 9

AmanahRaya Syariah Trust 21/9/2006 2.28 5.02 5.02 13.24 0.51 9.71 1 1

E AMB Dana Arif A MYR 27/4/2004 1.85 4.21 4.21 13.03 0.49 8.45 7 5

E AmBon Islam 26/11/2001 1.79 4.55 4.55 13.95 0.5 8.88 4 4

E AmDynamic Sukuk A 12/6/2012 1.72 3.8 3.8 13.8 0.66 5.66 13 10

Eastspring Investments Dana Wafi 21/2/2005 1.62 3.92 3.92 11.41 0.4 9.57 11 2

Franklin Malaysia Sukuk A MYR 18/11/2015 1.68 4.32 4.32 0.45 9.40 6 3

Kenanga OA Inv-Kenanga Bon Islam 23/4/2004 0.67 2.33 2.33 6.42 0.52 4.41 14 13

E Libra ASnitaBOND 18/3/2005 1.77 4.56 4.56 16.67 0.53 8.42 3 6

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)

Manulife Shariah-Dana Sukuk 27/5/2013 1.77 4.2 4.2 11.25 0.55 7.55 8 7

Opus Shariah Income 18/9/2013 2.2 4.52 4.52 13.09 0.81 5.47 5 12

Pacific Dana Murni 25/3/2003 1.69 4.08 4.08 11.27 0.54 7.42 9 8

E PMB Sukuk 8/12/1997 0.39

E RHB Islamic Bond 25/8/2000 1.87 4.92 4.92 19.17 0.87 5.55 2 11

TA Dana Afif 1/10/2014 1.99 3.8 3.8 13.05 0.91 4.10 12 14 Average 1.15 3.32 3.32 13.03 0.82 6.55

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 31/12/2016 to 31/12/2017.

- 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

Dec-17 1796.81 +4.6 274.0 +2.2 195.1 +1.9

Nov-17 1717.86 -1.7 268.1 -0.7 191.5 +0.4

Oct-17 1747.92 -0.4 270.0 +1.2 190.7 +1.8

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

Appendix

14

Date KLCI m-o-m %

Change PMB Portfolio

m-o-m %

Change

PMB Islamic

Portfolio

m-o-m %

Change

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

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

* Performance includes income distribution of funds using reinvestment method.