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34q234q

Nov 2015

Phillip Funds Focus A MONTHLY NEWSLETTER EXCLUSIVELY FOR

INVESTMENT PROFESSIONALS

US manufacturing PMI increased to 54.1 in October from 53.1 in September

indicating US activity in manufacturing sector had gained momentum. Dow Jones Index rose 8.6% in October; closing at 17,663.5 from 16,272.0 in September. Job growth grew better-than-expected as the non-farm payrolls increased 271,000 from the previous month 142,000 addition whilst the unemployment rate decline to 5.0% for the month from 5.1% in September. Interest rate decision remains to be the main concerns during the FOMC meeting this coming December.

PBoC continued the intervention to support the economy by cutting its interest rate

by another 25bps to 4.6% in October after slashing the same amount in August. SHCOMP Index rose 10.8% in October boosted by the robust consumer spending. However, exports plunged 6.9% for the month after falling by 3.7% in September signifying that growth would continue to elude China's Manufacturing PMI which came in at 49.8, unchanged for a third straight month but missed the market expectations of 50.0.

The major European equity markets gained in October after ECB stated that they

are ready to provide more stimulus into the market following the Volkswagen emission scandal widened to gas powered cars. The DAX Index gained most, rising 12.3% for the month followed by CAC Index and CAC Index with 9.9% and 4.9% gain respectively.

The Asian bourses edged higher for the month, led by Straits Times Index with 7.4% gain, followed by the Jakarta Composite Index (JCI) which rose 5.5%. Philippines Composite Index (PCOMP) gained 3.5% while the Stock Exchange of Thailand (SET) gained 3.4% in October 2015.

Nymex (WTI) crude oil rose 3.3% to $46.6/barrel in October from $45.1/barrel in

September while Brent crude oil increased 2.5% from $48.4/barrel in prior month to $49.6/barrel in October. CPO dropped 2.9% from 2306.0/MT in September to 2238.0/MT in October. Gold gained 2.3% from 1115.5 in September to 1141.4 in October

We reckon that US will likely to raise interest rate this December considering the

unemployment rate had softened therefore putting a downside pressure on the emerging markets and the risk of foreign outflows from Malaysian market. We expect further stimulus programs in China as the data coming from the country still showing contractions. We make no changes to the portfolio.

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: ISM non-manufacturing PMI improved for October –

US ISM non-manufacturing PMI recovered significantly for the

month of October after a slight drop in September; climbing to

59.1 from 56.9, beating market expectation of 56.5. The

increase was led by sharp recovery on new orders index which

registered at 62.0%, up 5.3% from 56.7% in September. The

business activity also gained 2.8% for the month recorded at

63.0 and employment index increased by 0.9% to 59.2% from

58.3% in September which indicate growth for October.

EU: Italy staged a positive economic comeback – Italian

market recorded higher reading for both manufacturing and

services PMI registered at 54.1 from 52.7 and 53.4 from 53.3 a

month earlier, respectively. Consumer Confidence shot up to

116.9 in October from 113.0 in September; its highest level

since early 2002. Italian unemployment rate on the other hand

remained high at 11.8% in September but has finally started to

fall reaching its lowest value since January 2013. After years

of stagnation, the economy finally started to show signs of

positive growth with its GDP annual growth rate expand for the

first two quarter in 2015.

China exports slump for October– China’s export fell to

$192.4 bn from $205.6 bn, recording a drop of 6.9% yoy for

October, its fourth consecutive drop for the year amid weaker

global demand. Domestic demand is expected to remain

weak, despite a slight rebound in October to $145.2 bn from

$136.5 bn, recording -18.8% yoy, underperforming consensus’

data of -16.0% for October. Both exports and imports

contributes to China’s growth slowdown as falling commodity

prices continue to weigh on trade flows.

Window to the World

A Peep into Malaysia

Source: Bloomberg Note: Percentage changes are in local currencies

FBMKLCI extend its recovery momentum – FBMKLCI rose

2.8% in October closing at 1665.7 from 1621.0 a month earlier. Foreign investors turned net buyer for the month, buying total of RM 622m, whilst local institution and local retailers took the opportunity to offload some position, turning net seller for the month at RM 454m and RM 168m respectively.

Malaysia’s Ringgit strengthened against US dollar –

Malaysia’s ringgit strengthened 2.1% against US dollar for

October but remained as the worst performing currency YTD at

-23.0%. Investors are focused on the possibility of a US

interest rate hike in December after Fed Chair Janet Yellen

expressed possibility of a Dec rate hike during FOMC

Statement in October.

Malaysia Budget 2016 highlights – Budget 2016 continued

to focus on infrastructure spending while subsidizing the lower

income group. Despite 50% drop in oil price, government

expects 2015 fiscal deficit to be lower at 3.2% of GDP

compare to 3.4% in 2014. Development expenditure will

continue in 2016, with the construction sector forecasting to

grow at 8.8% in 2015 and 8.4% in 2016.

Source: Bloomberg

M-o-M

(%)

YTD (%)

China

10.8%

4.6%

Hong Kong

8.6% -4.1%

Japan

9.8% 9.4%

Malaysia

2.8% -5.4%

South Korea

3.4% 15.9%

US 8.5% -0.9%

Markets Performance

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Walking With You

Fed’s changing tone, ECB sent out clear signal for additional policy easing and Malaysia’s Budget 2016 emphasis on infrastructure

December interest rate hike seems likely now as economic activity has been expanding at moderate pace; with last month US payroll exhibit unexpected strength in the labor market. The Fed hawkish tone effectively set a scenario of increased market volatility until next meeting on December 16. We reckon that massive redemption back to developed markets remain as one of the key risk to equity markets in the emerging markets as foreign investors evidently has reversed their position as net buyer from 3-4 preceding weeks upon the announcement was made. For Malaysia, China expressing their entrance into Malaysia bond market and current non-default status of 1MDB may somewhat stabilised the market, we view that December rate hike from the US side may already have been priced in and will not pose as a key risk to Malaysia. ECB President Draghi has laid the groundwork for additional policy easing, sending out a clear signal that it could occur as early as its December Policy meeting. We are positive on European market as ECB has made its stance to use "all instrument" within its mandate to support activity and lift inflation back to target amid the concern over emerging market growth prospects and ongoing weakness in oil prices. For Malaysia, government Budget 2016 is determined to cut its fiscal deficit to 3.1% whereby the consumer sector stands out the key beneficiary although the construction sector will still gain from awarding of infrastructure projects. The government forecast moderated economic growth at 4.0-5.0% in 2016. We remain neutral on this budget as most of the infrastructure projects were already announced during the previous budget, and did not see much catalyst moving forward to actually boost the market. Corporate earnings may continue to remain lacklustre, whilst high valuation crimp on equity market outlook. However, higher than expected GST collection will undoubtedly boost the government coffers, whilst recent uptrend on crude oil price amidst Middle East tension may bode positively to the local bourse.

Lighting Up Your Path

Equities Mixed Assets Fixed Income^

Low Risk 25% 50% 25%

Moderate Risk 55% 35% 10%

High Risk 90% 5% 5%

Source: PCM

* The recommendation may vary based on individual's risk profile

^ Fixed Income includes capital protected funds and money market funds

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Actual PMB Model Portfolio* Illustrative PMB Islamic Model Portfolio*

Asset Allocation Return Asset Allocation Return

Jul-15 Aug-15 Sep-15 Oct-15 Oct-15 Jul-15 Aug-15 Sep-15 Oct-15 Oct-15

Kenanga Growth 15% 15% 15% 15% 3.9% Affin Hwang Aiiman Growth

25% 25% 25% 25% 2.8%

Affin Hwang Select Asia Quantum

15% 15% 15% 15% 1.7% Eastspring Investments Dana al-Ilham

25% 25% 25% 25% 3.9%

Eastspring Investments My Focus

5% 5% 5% 5% 5.0% Kenanga Syariah Growth

25% 25% 25% 25% 2.7%

Eastspring Investments Equity Income

10% 10% 10% 10% 3.8% Eastspring Investments Islamic Income

25% 25% 25% 25% 0.3%

RHB-OSK-GS US Equity

5% 5% 5% 5% 10.7%

Phillip Master Money Market

35% 30% 30% 30% 0.3%

CIMB Principal Asia Pacific Dynamic Income

7% 7% 7% 7% 1.7%

Manulife India Equity

3% 6% 6% 6% -2.0%

TA European 5% 7% 7% 7% 3.6%

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

PMB Model Portfolio

Kenanga Growth gained 3.9% in October,

outperforming FBMKLCI which rose 2.8% for the

month. The fund’s top holdings all landed on

positive territory as Inari Amerton, Pestech, Public

Bank, Gamuda and Globetronic recorded 5.3%,

5.0%, 3.2%, 2.5% and 1.1% gain respectively.

Affin Hwang Select Asia Quantum was up 1.7% for

October after a strong return of 4.7% in September.

Meanwhile, CIMB Principal Asia Pacific Dynamic

Income recorded 1.7% gain despite the ongoing

concerns on China’s slow economic growth with

equity selection on industrial and financial sectors

contributed positively for the month.

Source: PCM

Eastspring Investments MY Focus and Eastspring Investments Equity Income both climbed up for the month with

return of 5.0% and 3.8% respectively. This was mostly contributed by the performance of their top holdings such

as United U-Li Corporations which gained 8.3% and Tenaga Nasional Berhad which gained 5.3%.

The US exposure fund RHB-OSK-GS US Equity is the best performing fund for the month, recording at high

10.7% return for October. The fund outperformed the Dow Jones Index which gained 8.5% in October. For our

exposure in Eurozone, TA European recorded a gain of 3.6% for the month as data coming from Europe is

getting stronger for the second month, signaling the strengthening of the European market. Manulife India Equity

on the other hand slipped 2.0%.

In October, our PMB Model portfolio gained 2.4%, slightly underperforming FBMKLCI, which stood at 2.8% for

the month whilst PMB Islamic portfolio gained 1.1%.

Source: PCM

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Name

% Growth

Name

% Growth

M-o-M YTD

s

M-o-M YTD

MALAYSIA CONVENTIONAL

ASIA

Equity

Equity

1 Eastspring Investments Small-Cap 5.8 19.8 18 Affin Hwang Select Asia (Ex Japan) Quantum

1.7 8.3

2 Kenanga Growth 3.9 17.0 19 Affin Hwang Select Dividend 3.2 3.9

3 Eastspring Investments MY Focus 5.0 6.7

20 RHB China-India Dynamic Growth 2.4 21.2

4 RHB Smart Treasure 9.0 34.8

21 Affin Hwang Select Opportunity 2.8 1.6

5 Eastspring Investments Equity Income 3.8 5.8

22 CIMB-Principal Asia Pacific Dynamic Income

1.7 12.2

Mixed Assets

6 Affin Hwang Select Balanced 1.6 4.3

Mixed Assets

7 RHB-OSK Smart Balanced 5.6 20.1

23 Eastspring Investments Asia Select Income

1.2 9.7

8 Eastspring Investments Balanced 3.8 5.9

GLOBAL

Fixed Income Equity

9 AMB Income Trust 0.2 5.1

24 Eastspring Investments Global Basics MY

5.5 15.4

10 AmBond 0.8 3.6

25 Eastspring Investments Global Emerging Markets

4.3 11.5

26 AmGlobal Property Equities 2.9 22.2

MALAYSIA (ISLAMIC) 27 Manulife India Equity -2.0 20.4

Equity 28 TA European 3.6 25.5

11 PMB Shariah Premier 3.1 9

12 Affin Hwang AIIMAN Growth 2.8 2.6

13 Eastspring Investments Dana al-Ilham 3.9 6.8

14 Kenanga Syariah Growth 2.7 7.4

15 CIMB Islamic Balanced Growth 1.8 2.3

16 Dana Makmur Pheim 3.8 7.4

Fixed Income

17 AmBon Islam 0.6 2.6

Tracking our Recommendations

Most of our recommended Malaysian equity funds outperformed the FBM KLCI which gained 2.8% in October. RHB smart treasure was the main gainer as it gained 9.0% for the month, where it top holdings such as Oriental Food Industries, United U-Li corporation and SKP resources all recorded high returns of 21.2%, 8.32% and 7.63% respectively.

In Asia Equity Category, all of our recommendations landed on the positive territory. Affin Hwang Select Dividend and

Affin Hwang Select Opportunity come out as the top performing with 3.2% and 2.8% gains for the month respectively.

For the Fixed Income Category, our stance remains the same. We do not have bond exposure and urge caution for investors who insist on having bond exposure. We adapted our portfolio by balancing weighting between equity and money market exposure.

For the Asian Mixed Asset Category, our preferred recommendation, RHB Smart Balanced Fund gained 5.6% for the month October, attributed by improved market sentiments on the local fronts.

In Global Equity category, Eastspring Investments Global Emerging Markets gained 4.3%, led by its top three

holdings recent uptrends. China Construction Bank gained 9.3%, Tencent Holdings rose 13.4% whilst Tencent Holdings skyrocketed 21.0% for the month of October. Eastspring Investment Global Basics MY on the other hand is the top gainer for the global equity category with 5.5% gain in October. The gains were led by its top three holdings which gained more than 10% for the month of October; Kerry group gained 10.4%, Symrise recorded 11.4% gains and Microsoft jumped 18.9%. We are included TA European Equity Fund and Manulife India Equity in our Tracking Recommendation moving forward due to their performance track records and high sharpe ratios, volatility wise, both these funds possess high volatility.

Note: Preferred * Shariah Compliant # Watch list

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 30/4/1997 -5.07 -0.02 -6.47 -27.24 10.57 -0.58 18 20

Affin Hwang Growth 29/6/2015 -4.97 -0.27 -5.74 -28.4 10.05 -0.54 17 19

E Affin Hwang Principled Growth 23/7/2013 -6.98 -3.54 -9.39 -29.1 10.41 -0.90 25 28

E AMB Ethical Trust 8/1/2007 -8.15 -4.98 -11.72 -12.52 11.7 -1.01 31 30

E AMB SmallCap Trust 4/3/2008 -6.6 -1.17 -13.24 -15.47 16.21 -0.80 32 27

E AMB Unit Trust 27/3/1996 -5.65 -2.21 -8.99 -19.43 11.24 -0.78 22 26

E AMB Value Trust A MYR 8/1/2007 -7.28 -4.12 -10.58 -24.57 10.39 -1.02 29 31

E AmDividend Income 29/3/2009 -3.42 4.78 -0.84 -12.18 11.49 -0.02 10 10

E AmMalaysia Equity 16/10/2005 -1.47 5.82 -0.9 -8.82 11.81 -0.02 11 11

E AmTotal Return 11/1/1993 -8.91 -5.76 -10.53 -20.14 9.72 -1.09 28 34

Areca equityTrust 24/4/2011 -0.66 8.45 -0.73 2.62 16.08 0.03 9 9

E CIMB-Principal Equity 2/8/1999 -4.6 1.8 -2.6 -12.65 9.43 -0.24 14 16

E CIMB-Principal Equity Aggressive 3 13/3/2002 -2.05 -0.91 -7.96 -21.94 12.73 -0.59 21 21

E Eastspring Investments Equity Income 19/10/2008 -0.95 5.79 0.13 -5 10.59 0.06 8 8

E Eastspring Investments Growth 30/5/2005 -7.65 -0.09 -6.58 -9.31 16.52 -0.33 19 17

Eastspring Investments MY Focus 2/3/2015 -1.96 6.69 -2.76 26.52 16.02 -0.10 15 13

KAF Tactical 3/9/2008 -10.76 -4.84 -18.8 -36.2 17.86 -1.07 34 32

E Kenanga Growth 18/1/2004 2.53 16.95 7.81 15.06 14.87 0.58 2 2

Kenanga Malaysian Inc 10/11/2011 -0.22 12.13 2.2 -6.78 15.21 0.21 3 5

Kenanga OA Inv-Kenanga Blue Chip 24/4/2008 -8.19 -5.26 -9.77 -24 9.18 -1.07 27 33

E Kenanga Premier 27/11/2000 -5.82 3.33 -3.4 -18.7 14.42 -0.17 16 14

E Libra DividendEXTRA 19/3/2009 1.48 9.73 0.5 -9.79 13.67 0.10 7 7

E Libra EquityEXTRA 11/9/2003 -11.34 -6.17 -14.46 -14.39 19.29 -0.71 33 24

Maybank Q-Opportunities 5/7/2015 -5.44 0.99 -9.55 -27.7 12.14 -0.77 26 25

MIDF Amanah Dynamic 6/5/1980 -2.1 11.85 1.88 -10.99 17.87 0.19 5 6

MIDF Amanah Growth 3/12/1970 -1.18 10.07 2.14 -24.68 13.91 0.22 4 4

Phillip Master Equity Growth 19/6/2007 -0.85 5.22 -9.23 -8.7 18.52 -0.43 24 18

E RHB Capital 13/4/1999 -7.18 -1.98 -11.47 -23.16 16.01 -0.68 30 23

E RHB KLCI Tracker 4/4/2004 -7.78 -4.39 -9.08 -25.98 9.51 -0.95 23 29

E RHB Malaysia Dividend 5/3/2012 -1.95 4.7 -1.59 -20.61 13.25 -0.06 12 12

E RHB Smart Treasure 8/9/2008 14.46 34.76 21.31 10.27 24 0.93 1 1

TA Comet 2/10/2003 -1.73 4.78 1.77 -12.39 6.19 0.31 6 3

TA Growth 2/7/2000 -1.86 5.16 -2.05 -22.27 9.17 -0.18 13 15

TA High Growth 8/6/2008 -5.15 0.17 -6.79 -20.82 10.06 -0.65 20 22

AVERAGE -3.81 3.16 -4.63 -14.69 13.24 -0.36

Malaysia, Equity-Islamic Growth

Aberdeen Islamic Malaysia Equity A 18/1/2017 -3.58 1.57 -3.16 7.86 -0.37 26 29

Affin Hwang Aiiman Equity 2/8/2011 -5.65 -2.31 -6.78 -24.93 10.34 -0.63 30 32

E Affin Hwang Aiiman Growth 9/10/2006 -3.71 2.55 -3.91 -10.74 11.26 -0.30 28 28

AmanahRaya Islamic Equity 24/4/2012 -0.61 4.25 0.83 -21.11 10.6 0.13 13 13

E AMB Dana Ikhlas 18/9/2006 -1.99 0.24 -1.59 -18.42 6.8 -0.20 21 24

E AMB Dana Yakin 25/11/2004 -5.28 0.8 -7.48 -18.13 13.72 -0.50 31 30

AMB Shariah Value Plus A-MYR 17/6/2019

AMB Shariah Value Plus C-MYR 17/6/2019

E AmIslamic Growth 11/9/2008 -3.7 4.85 -0.97 -8.96 10.65 -0.04 17 19

E AmIttikal 13/1/1997 -4.54 0.97 -2.98 -14.04 10.06 -0.25 25 26

BIMB i Dividend 19/3/2015 -6.97 -4.3 -10.15 -31.27 12.99 -0.76 33 33

BIMB i Growth 1/7/1998 -14.27 -10.23 -15.87 -32.71 15.7 -1.02 34 34

CIMB Islamic Al-Azzam Equity 2/8/2016 -0.82 6.76 0.9 -9.89 11.18 0.13 12 12

E CIMB Islamic Equity Aggressive 16/6/1999 0.96 6.02 2 -8.77 12.88 0.21 9 9

E Eastspring Investments Dana al-Ilham 15/8/2006 -1.44 6.8 1.73 1.68 11.49 0.20 10 10

E KAF Dana Adib 26/3/2008 -3.66 2.66 -0.97 -15.05 12.84 -0.02 18 17

Aberdeen Islamic Malaysia Equity A 18/1/2017 -3.58 1.57 -3.16 7.86 -0.37 26 29

Kenanga Islamic 16/8/2006 -1.56 5.68 -1.26 -10.71 11.69 -0.05 20 20

E Kenanga OA Inv-Kenanga Ekuiti Islam 24/4/2008 0.1 3.92 -2.41 -17.24 11.35 -0.16 23 23

From the Scoreboard

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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)

E Kenanga OA Inv-Kenanga Shariah Growth Opps 24/4/2008 -0.77 5.87 -2.48 -11.37 13.22 -0.13 24 21

E Kenanga Syariah Growth 30/1/2006 -0.84 7.35 -1.19 -8.87 12.59 -0.04 19 18

Libra Amanah Saham Wanita 5/5/2002 -5.95 0.18 -5.5 -13.14 16.67 -0.26 29 27

Manulife Shariah-Dana Ekuiti 28/5/2017 0.44 10 2.19 13.93 0.22 8 8

MIDF Amanah Islamic 15/5/1975 1.64 14.82 6.06 -14.94 15.32 0.46 4 4

Pacific Dana Dividen 27/7/2011 1.47 5.21 1.4 -17.21 10.55 0.18 11 11

PMB Dana Al-Aiman 20/5/2001 -3.95 4.56 -0.5 -23.87 11.11 0.01 16 16

PMB Dana Bestari 4/10/2006 -0.33 10.65 3.39 -23.12 11.76 0.34 7 6

PMB Dana Mutiara 6/8/2008 -1.71 7.06 0.45 -21.88 11.7 0.09 15 15

E PMB Shariah Aggressive 22/11/2009 4.96 29.58 15.43 24.42 21.72 0.77 1 1

PMB Shariah Dividend 22/7/2012 -1.52 11.08 4.76 -15.85 14.62 0.39 5 5

E PMB Shariah Growth 29/12/1976 0.33 20.5 8.11 1.69 19.24 0.50 2 3

E PMB Shariah Index 26/3/2006 -4.53 2.11 -3.31 -22.39 11.33 -0.24 27 25

E PMB Shariah Premier 13/6/1999 -0.96 8.96 6.73 -18.73 9.25 0.75 3 2

E PMB Shariah Tactical 30/10/1983 -3.53 2.04 -1.75 -21.24 9.84 -0.13 22 22

E RHB Dana Islam 27/10/2005 0.74 18.57 4.64 -7.43 18.58 0.33 6 7

RHB-OSK Islamic Growth 27/1/2008

TA Dana Fokus 18/6/2012 -6.04 -0.13 -8.18 -31.91 12.72 -0.61 32 31 TA Islamic 25/4/2005 1.1 8.41 0.5 -23.58 9.28 0.10 14 14

AVERAGE -2.24 5.8 -0.63 -15.3 12.5 -0.03

Malaysia Equity Small Cap

E CIMB-Principal Small Cap 21/4/2008 -0.15 1.47 -8.83 8.84 20.26 -0.36 6 6

E Eastspring Investments Small-cap 30/5/2005 5.46 19.83 7.14 61.87 18.92 0.45 4 3

E KAF Vision 2/3/2004 5.8 26.59 13.5 28.31 19.63 0.74 1 1

E Kenanga OA Inv-Kenanga Growth Opportunities 24/4/2008 0.37 14.13 -0.49 -4.56 17.75 0.06 5 5

MIDF Amanah Strategic 2/6/1974 -2.25 20.6 7.83 -3.52 25.17 0.42 3 4

E RHB Small Cap Opportunity 21/4/2002 6.3 18.51 10.46 29.6 22.31 0.55 2 2

TA Small Cap 10/2/2008 -4.35 1.95 -12.33 -24.71 15.95 -0.75 7 7

AVERAGE

1.6 14.73 2.47 13.69 20 0.16

Asia Equity Offshore

Affin Hwang China Growth 12/7/2015 -9.03 10.04 24.23 18.58 22.86 1.06 7 22

Affin Hwang Select APAC ex-Japan REITs and Infra 26/4/2011 5.42 12.7 16.45 3.95 6.77 2.29 14 4

Affin Hwang Select Asia (ex Japan) Opportunity 19/7/2010 0.6 12.04 10.21 -8.65 8.79 1.15 23 19

Affin Hwang Select Asia (ex Japan) Quantum 16/4/2008 0.21 8.32 7.32 7.64 9.2 0.81 25 25

Affin Hwang Select Dividend 29/3/2015 -2.91 3.91 2.13 -11.96 7.49 0.32 34 32

E Affin Hwang Select Opportunity 8/9/2005 -5.11 1.6 -0.27 -6.92 8.85 0.01 36 38

AmASEAN Equity 7/6/2015 1.53 6.65 9.6 -14.75 10.11 0.96 24 23

E AmAsia Pacific Equity Income 19/4/2016 -6.28 6.84 10.87 -5.68 13.66 0.82 22 24

AmAsia Pacific Leisure Dividend 26/2/2017 0.98 2.51 0.76 10.21 0.12 35 35

AmAsia Pacific REITs B MYR 19/7/2015 7.36 13.1 16.18 -4.94 5.95 2.56 15 3

AmAsia Pacific REITs Plus 2/7/2017 5.89 13.64 17.69 7.5 2.22 13 5

AmAsia-Pacific Property Equities 19/7/2010 7.99 17.99 21.53 4.31 6.03 3.29 9 1

AmCumulative Growth 25/7/2000 2.88 14.86 21.95 -1.54 9.57 2.13 8 7

CIMB-Principal ASEAN Equity 13/9/2011 0.2 1.74 6.95 -15.47 9.3 0.77 26 26

CIMB-Principal Asia Pacific Dynamic Income MYR 26/4/2015 0.19 12.21 15.97 21.24 8.29 1.84 16 10

CIMB-Principal China-India-Indonesia Equity 22/1/2014 5.59 13.16 19.27 8.36 9.58 1.90 11 8

E CIMB-Principal Equity Growth & Income 16/5/1995 -3.47 5.2 3.68 -5.38 8.14 0.48 30 30

CIMB-Principal Greater China Equity 13/6/2011 -0.31 20.82 28.92 17.26 15.05 1.77 3 11

Eastspring Investments Asia Pacific Equity MY 22/7/2009 -2.69 7.67 11.6 -6.37 10.26 1.12 20 20

Eastspring Investments Dinasti Equity 27/10/2013 4.23 21.6 24.82 4.42 10.38 2.20 5 6

Eastspring Investments Indonesia Equity MY 28/4/2015 -1.39 -6.99 -0.98 -29.33 22.8 0.06 38 37

Kenanga Asean Tactical Total Return 2/7/2019

Kenanga Asia Pacific Total Return 12/7/2017 1.31 18.06 15.48 10.49 1.43 17 16

Kenanga Global Opportunities 22/6/2014 11.69 17.78 2.17 -18.47 18.92 0.21 33 34

Libra Consumer and Leisure Asia 19/7/2011 2.91 16.38 18.82 7.36 13.65 1.33 12 18

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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 Asian Small Cap Equity MYR 9/4/2019 -2.69

Manulife China Equity 8/1/2014 -5.7 18.29 27.88 20.5 17.08 1.53 4 14

Manulife Equity Plus 30/12/2013 -3.17 2.37 -3.01 -14.99 10.44 -0.24 39 40

Manulife Global Resources 8/1/2014 -4.52 3.05 2.87 -37.73 16.65 0.25 32 33

Pacific Focus China 20/5/2013 -4.32 13.12 20.03 5.11 13.4 1.43 10 15 Pheim Asia Ex-Japan 1/7/2010 1.32 10.32 6.95 -10.28 13.32 0.57 27 28

RHB Asean 3/12/2013 2.31 5.4 5.2 -12 11.35 0.50 29 29

RHB Asia Consumer 19/1/2014 3.9 12.65 10.88 -22.19 10.13 1.07 21 21

RHB Asia Financials 12/1/2015 -2.9 13.23 24.46 7.77 14.01 1.64 6 13 RHB Asia Pacific 7/1/2010 1.45 4.21 5.88 -11.1 9.07 0.67 28 27

RHB Asian Growth Opportunities 9/1/2012 1.31 12.18 13.48 1.16 9.33 1.41 19 17

RHB Big Cap China Enterprise 4/12/2011 -4.09 21.26 32.2 15.83 17.91 1.66 1 12

RHB China-India Dynamic Growth 12/3/2014 6.55 21.2 30.86 28.26 9.58 2.88 2 2

RHB Emerging Opportunity 19/5/2008 1.25 9.16 -0.31 7.4 21.2 0.09 37 36

RHB Equity 9/8/2000 -6.16 -4.3 -11.57 -18.78 19.15 -0.55 42 41

RHB Indonesia Equity Growth 5/4/2015 0.13 -8.68 -3.58 -27.87 17.78 -0.12 40 39

E RHB Resources 17/5/2010 -3.74 0.06 -9.46 -32.4 12.77 -0.72 41 42

TA Asian Dividend Income 16/8/2011 2.05 10.86 14.85 -2.7 7.51 1.89 18 9

TA South East Asia Equity 29/11/2009 -1.36 1.07 3.32 -13.43 8.75 0.41 31 31

Templeton Asian Growth MYR A 22/9/2019

United ASEAN Discovery 9/12/2018 6.8 13.64

AVERAGE 0.37 9.56 11.34 -3.94 11.98 1.08

Equity Offshores-Others

Affin Hwang Global Commodity 21/8/2011

AmBRIC Equity 10/11/2013 -1.53 14.27 13.5 -15.92 12.12 1.10 14 18

AmCommodities Equity 20/7/2014 -5.64 -4.72 -0.5 -22.65 12.95 0.02 27 28

AmGlobal Agribusiness 4/5/2011 2.68 6.01 12.22 -11.69 10.58 1.14 17 16

AmGlobal Emerging Market Opportunities 19/3/2012 5.27 9.32 9.16 -6.88 8.08 1.13 20 17

AmGlobal Property Equities 26/10/2009 19.33 22.24 32.01 15.33 13.37 2.16 5 10

AmPan European Property Equities 7/3/2011 28.08 39.27 56.37 57.86 11.39 4.05 1 1

AmPrecious Metals 16/11/2011 -9.9 -7.14 -2.46 -69.33 32.84 0.08 28 27

AmSchroder European Equity Alpha 9/8/2010 13.49 23.23 30.56 20.86 7.78 3.50 6 4

CIMB-Principal Australian Equity 21/3/2014 -4.29 1.19 -3.08 -19.87 10.64 -0.25 29 29

CIMB-Principal Global Titans 19/7/2009 15.94 25.59 36.44 34.24 7.95 3.99 3 2

Eastspring Investments Global Basics MY 18/1/2011 6.71 15.41 20.83 -8.8 7.69 2.51 11 8

Eastspring Investments Global Emerging Markets 12/1/2012 1.05 11.54 12.89 -10.57 9.21 1.36 16 13

Eastspring Investments Global Leaders MY 24/3/2010 15.28 23.22 29.25 23.17 9.3 2.83 7 7

Franklin U.S. Opportunities MYR 9/5/2017 0.43 7.13 8.09 14.04 0.62 22 21

Global Multi-Asset Income MYR 18/3/2018 -1.87 0.37 0.93 5.12 0.20

KAF Global Diversified Property 10/8/2011

KAF Global Equities 20/5/2010

Kenanga Global Dividend 20/3/2011 12.45 19.15 23.84 16.17 7.11 3.07 9 5

Manulife India Equity 8/1/2014 16.98 20.42 25.77 28.89 19.09 1.30 8 14

Pacific Asia Brands 21/1/2010 4.08 12.22 13.91 -6.81 11.95 1.15 13 15

Pacific Focus18 17/6/2009 3.57 9.18 2.81 -15.87 13.42 0.27 25 25

Pacific Glb Agriculture, Infra And Resources 13/4/2014 -0.05 5.22 0.71 -33.19 13.93 0.11 26 26

Pacific Global Stars 21/7/2010 11.62 19.37 20.34 -9.13 8.23 2.30 12 9

RHB Agriculture 12/8/2015 -1.4 -12.58 -12.49 -59.9 8.16 -1.59 30 30

RHB Global Equity Yield 10/11/2009 7.97 17.24 22.05 8.94 11.92 1.74 10 11 RHB Global Food Islamic Equity 12/8/2015 8.83 7.73 8.56 -9.11 9.86 0.88 21 20 RHB Global New Stars 25/1/2011 2.09 13.52 11.29 -30.76 12.83 0.90 19 19

RHB Global Themes 6/1/2011

RHB Gold And General 22/7/2013 -6.73 4.65 13.33 -64.66 33.08 0.54 15 23

RHB US Focus Equity 16/10/2014 -2.32 2.67 6.47 10.65 11.06 0.62 23 22

RHB-GS BRIC Equity 12/1/2015

RHB-GS US Equity 19/5/2015 1.12 0.6 3.59 8.51 15.92 0.29 24 24

TA BRIC and Emerging Markets 26/2/2014 4.26 12.81 11.86 -14.54 8.48 1.37 18 12

TA European Equity 21/3/2011 17.19 25.45 34.01 24.24 8.3 3.61 4 3

- 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)

Templeton Global Equity MYR A 14/4/2019 -8.55

AVERAGE 5.77 12.32 15.94 -4.34 12.4 1.46

Asia Equity-Islamic Growth

Aberdeen Islamic World Equity A 18/1/2017 6.66 12.47 15.58 7.44 1.99 4 3

AmIslamic Greater China 9/11/2014 -12.16 -4.77 -8.39 -8.78 13.97 -0.56 7 7

AmOasis Global Islamic Equity 22/4/2010 4.5 8.98 18.06 10.23 6.77 2.50 3 2

CIMB Islamic Asia Pacific Equity 3/6/2010 4.93 16.53 20.04 2.71 6.92 2.69 2 1

Eastspring Investments Asia Pacific Shariah Equity 23/11/2011 17.71 34.09 34.91 -1.34 16.84 1.87 1 4

Namaa' Asia-Pacific Equity Growth 16/8/2012 2.07 7.38 14.04 -19.52 7.62 1.77 5 5

Pheim Asia Ex-Japan Islamic 2/11/2010 -2.16 5.41 2.38 -6.9 13.48 0.24 6 6

RHB-OSK Asia Pacific Maqasid 24/2/2014

AVERAGE 3.08 11.44 13.8 -3.93 10.43 1.50

Malaysia Mixed Assets

Affin Hwang Aiiman Select Income 2/3/2017 -0.37 1.66 0.27 4.21 0.08 16 16

Affin Hwang Select Balanced 29/7/2007 -0.81 4.32 2.49 -16.13 5.26 0.49 13 13

E Affin Hwang Select Income 7/1/2009 4.13 8.76 10.61 -14.2 3.31 3.08 6 3

Affin Hwang Select SGD Income MYR 2/8/2016 8.95 14.98 17.94 -5.72 5.12 3.27 1 2

Affin Hwang Tactical 11/8/2014 -6.38 -3.65 -7.49 -28.22 9.01 -0.82 32 32

E AMB Balanced Trust 20/9/1998 -1.96 0.83 -1.54 -19.29 6.67 -0.20 21 20

E AMB Index-Linked Trust 17/5/2006 -7.3 -3.66 -7.8 -24.96 9.02 -0.85 33 34

E AmBalanced 17/9/2007 -5.68 -3.17 -6.56 -22.99 7.06 -0.93 29 35

E AmConservative 17/9/2007 1.88 4.28 2.16 -17.26 4.3 0.52 15 11

E Eastspring Investments Balanced 30/5/2005 -1.67 5.92 -0.72 -4.54 14.14 0.02 18 17

Eastspring Investments Dynamic 7/11/2007 9.83 19.29 11.37 11.27 19.95 0.63 5 9

InterPac Cash 26/7/2011 1.53 2.57 3.08 -23.75 0.07 42.82 11 1

InterPac Dynamic Equity 26/7/2011 2.54 7.18 -4.73 -27.78 9.98 -0.44 26 26

E KAF Enhanced Bond 31/1/2006 -1.04 -0.16 -0.76 -23.07 2.12 -0.35 19 23

KAF First 17/1/2000 2.18 8.61 4.01 -8.83 8.28 0.51 9 12

E KAF Jade 2/11/2010 1.15 10.07 12.54 -7.83 11.44 1.09 3 7

E Kenanga Balanced 24/5/2005 -1.91 3.66 -0.62 -19.29 8.34 -0.04 17 18

Kenanga OA Inv-Kenanga Diversified 24/4/2008 -3.48 1.68 -4.33 -21.8 10.65 -0.36 25 24

Kenanga OA Inv-Kenanga Managed Growth 24/4/2008 -3.53 1.41 -4.16 -22.9 9.77 -0.39 24 25

E Libra Resource Equity 19/3/2015 -0.5 2.19 -10.08 13.36 -0.73 34 31

Libra TacticalEXTRA 19/3/2009 -11.71 -7.15 -13.28 -21.93 15.79 -0.82 35 33

E Maybank Q-Target Return 5/7/2015 -3.33 2.73 -7.02 -24.89 10.09 -0.67 30 29

E Pacific SELECT Balance 12/8/2007 -4.23 -0.77 -7.45 -23.08 10.28 -0.70 31 30

Pacific SELECT Income 12/8/2007 -1.38 0.38 -1.85 -25.67 3.82 -0.47 22 27

Pheim Emerging Companies Balanced 29/1/2006 1.12 5.09 2.92 -10.52 8.98 0.36 12 14

E Pheim Income 29/1/2006 2.36 6.21 5.85 -18.25 3.21 1.79 8 4

E RHB Goldenlife 2020 22/2/2009 -1.51 3.54 -1.25 -17.93 10.1 -0.08 20 19

E RHB Goldenlife 2030 22/2/2009 -3.52 3.32 -5.47 -14.4 15.48 -0.29 28 21

E RHB Goldenlife Today 22/2/2009 1.15 4.26 3.89 -19.61 3.5 1.11 10 6

E RHB Growth And Income Focus 8/1/2009 4.5 17.75 9.17 9.87 16.47 0.61 7 10

E RHB Kidsave 11/5/2003 -0.19 6.52 2.4 -18.17 13.23 0.24 14 15

E RHB Smart Balanced 8/9/2008 3.76 20.9 12.65 17.91 17.72 0.76 2 8

E RHB Smart Income 8/9/2008 4.64 14.86 11.74 -0.63 10.15 1.15 4 5

RHB Thematic Growth 27/9/2011 -7.07 -0.66 -4.8 -18.19 12.83 -0.32 27 22

TA Income 7/5/2006 -0.92 1.56 -3.07 -24.5 5.41 -0.55 23 28

AVERAGE -0.54 4.72 0.58 -15.37 9.12 1.41

Malaysia Mixed Assets-Islamic

Affin Hwang Aiiman Balanced 12/11/2005 -3.98 -1.74 -4.38 -26.05 7.76 -0.54 14 15

AmIslamic Balanced 11/9/2008 -1.02 4.48 1.1 -16.08 8.1 0.17 8 8

E BIMB Dana Al-Falah 28/12/2005 -13.97 -11.46 -15.17 -34.19 13.95 -1.10 17 16 BIMB Dana Al-Munsif 28/12/2005 -10.74 -9 -11.62 -31.65 9.94 -1.19 16 17

CIMB Islamic Balanced Growth 27/5/2007 -1.36 2.33 0.4 -16.5 6.78 0.09 10 10 E CIMB Islamic Enhanced Sukuk 24/2/2009 0.38 2.3 2.09 -21.18 3.11 0.68 4 1

E Dana Makmur Pheim 29/1/2006 1.89 7.39 4.16 3.04 9.44 0.48 2 3

- 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 Eastspring Investments Dana al-Islah 15/8/2006 -0.05 2.45 1.46 -20.93 3.36 0.45 7 4

E Eastspring Investments Dana Dinamik 26/2/2008 0.77 8.44 3.59 -3.39 11.48 0.36 3 5

E InterPac Dana Safi 26/7/2011 3.2 8.24 -1.29 -23.96 8.39 -0.12 13 13

KAF Dana Alif 27/2/2007 -1.97 2.38 0.05 -17.36 8.95 0.05 11 11

E Kenanga Islamic Balanced 7/12/2008 -1.13 4.49 0.47 -18.5 7.68 0.10 9 9

E Kenanga OA Inv-Kenanga Shariah Balanced 24/4/2008 -10.86 -9.82 -15.7 -38.37 9.58 -1.72 18 18

Libra SyariahEXTRA 2/1/2007 -2.02 3.55 -0.07 -12.8 8.8 0.03 12 12

E PMB Shariah Balanced 9/12/2001 -0.97 4.24 1.6 -19.08 6.43 0.28 6 6

RHB Dana Kidsave 19/2/2017 7.66 14.75 9.4 17.19 0.61 1 2

RHB Mudharabah 10/5/2000 -3.5 4.1 -5.22 -30.48 11.65 -0.40 15 14

E TA Dana Optimix 18/1/2009 0.11 6.44 2.06 -25.33 9.18 0.26 5 7

AVERAGE -2.09 2.42 -1.5 -20.75 8.99 -0.08

Mixed Assets Offshore

Affin Hwang Select AUD Income MYR 19/3/2014 8.32 9.41 10.9 -18.12 8.14 1.31 6 7

AmAustralia 16/3/2015 2.61 7.24 5.62 -15.81 8.23 0.7 7 8

Eastspring Investments Asia Select Income 19/11/2009 3.12 9.67 12.71 -8.04 3.53 3.42 5 1

Eastspring Investments Enhanced Income 29/5/2011 0.03 4.24 5.51 -18.93 2.92 1.86 8 5

KAF Core Income 3/9/2008 -9.01 -4.05 -11 -20.33 14.55 -0.73 11 11

E Libra IncomeEXTRA 11/9/2003 0.63 7.95 3.93 -11.63 9.51 0.45 9 9

RHB Asian Income 6/6/2016 9.58 14.53 20.22 0.54 5.64 3.32 2 2

RHB Golden Dragon 9/5/2011 -2.4 15.1 21.23 0.84 12.13 1.65 1 6

RHB-OSK Muhibbah Income 13/3/2011

TA Asia Pacific Islamic Balanced 8/11/2010 6.55 16.58 18.8 -12.55 6.26 2.8 4 3

TA Global Asset Allocator 13/6/2010 11.99 14.81 20.01 -4.14 6.67 2.79 3 4

Templeton Global Balanced MYR A 20/5/2019

United Bond & Equity Strategic Trust 9/9/2018 2.25 5.59 3.48 8.78 0.43 10 10 AVERAGE 3.06 9.19 10.13 -10.82 7.85 1.64

Fixed Income

Affin Hwang Bond 13/12/2005 0.8 2.23 2.44 -21.85 1.19 2.03 29 22

Affin Hwang Select Bond 29/7/2007 4.3 6.93 8.68 -14.92 2.19 3.82 8 5

AmanahRaya Unit Trust 22/9/2010 0.84 2.49 2.88 -22.57 1.26 2.26 24 21

E AMB Dana Arif A MYR 28/4/2008 1.12 3.55 4.67 -19.78 1.33 3.44 15 9

E AMB Dividend Trust 7/6/2010 -2.11 2.63 2.48 -12.79 6.53 0.40 28 33

AMB Enhanced Bond Trust 28/5/2007 1.08 3.33 2.86 -19.88 3.26 0.88 25 29

AMB Lifestyle Trust Today 26/11/2008 -0.15 2.05 1.84 -19.99 3.06 0.61 32 31

E AmBond 21/1/2004 1.05 3.57 3.94 -24.85 2.24 1.74 17 25

E AmConstant Multi Maturity 19/11/2014 1.75 8.04 8.68 -36.23 4.46 1.89 9 24

AmConstant Multi Maturity 2 18/10/2015 2.02 3.46 3.9 -24.67 0.74 5.20 18 4

AmDynamic Bond 17/9/2007 2.5 4.34 5.52 -21.06 2.32 2.33 13 19

E AmIncome Plus 18/6/2008 1.45 2.69 3.2 -22.47 0.36 8.67 22 1

E AmTactical Bond B MYR 30/10/2016 8.39 10.59 13 -19.28 3.23 3.81 5 6

E Areca incomeTrust 24/4/2011 1.04 2.57 2.67 -22.75 0.8 3.31 26 10

CIMB-Principal Bond 16/11/1999 0.62 2.19 2.6 -22.52 1.04 2.48 27 14

CIMB-Principal Strategic Bond 24/3/2008 0.5 2.09 1.17 -22.06 1.59 0.74 33 30

E Eastspring Investments Bond 30/5/2005 8.22 10.28 11.15 -15.58 6.93 1.56 6 27

Eastspring Investments Bond Plus 2/4/2017 2.53 4.72 5.96 0.79 7.39 11 2

E KAF Bond 2/11/2010 1.93 4.61 5.09 -18.29 1.61 3.11 14 11

Kenanga Bond 16/8/2006 0.46 1.85 2.08 -25.23 0.88 2.33 31 18

Kenanga Global Emerging Markets Debt 23/7/2012

Kenanga OA Inv-Kenanga Income Plus 24/4/2008 0.46 2 2.41 -24.35 0.98 2.42 30 16

Libra BondEXTRA 9/10/2006 1.42 3.77 4.25 -21.42 1.14 3.68 16 7

Libra Strategic Opportunity 2/11/2016 -10.9 -11.12 -19.61 16.72 -1.22 37 37

Manulife Bond Plus 30/12/2013 3.55 5.34 5.72 -20.73 0.98 5.71 12 3

Maybank Financial Institutions Income 18/12/2013 1.18 2.81 3.19 -22.09 0.86 3.66 23 8

Maybank Global Bond 5/11/2017 7.31 9.77 10.18 3.98 2.47 7 15

Maybank Q-Income 5/7/2015 6.19 7.43 7.95 -20.14 5.07 1.54 10 28

Opus Dynamic Income 12/5/2013 0.97 3.31 3.58 -20.7 1.83 1.94 20 23

RHB Asian High Yield-MYR 9/6/2019

- 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)

RHB Asian Total Return 27/2/2011 20.5 24.45 29.05 2.28 9.86 2.66 2 12

RHB Emerging Markets Bond 4/1/2016 16.78 22.17 24.74 -1.31 8.58 2.64 3 13

RHB Energy 24/3/2013 -3.71 -0.73 -20.29 -39.81 20.7 -0.99 37 35

E RHB Income 1 19/4/2005

RHB Income 2 27/2/2007 0.82 2.9 3.78 -21.08 2.37 1.58 19 26

TA All-Cycle Commodities Income 5/5/2013 0.48 -0.95 -0.44 -21.2 2.71 -0.15 33 33

TA Total Return Fixed Income 2/10/2016 11.88 15.14 18.99 -13.89 7.73 2.3 4 20

Templeton Asian Bond MYR 6/2/2017 -8.01 -7.57 -9.07 7.38 -1.25 35 37

Templeton Global Total Return MYR 15/11/2016 -5.2 -4.15 -6.61 6.95 -0.95 34 34 United Asian High Yield MYR 1/7/2019

United Income Plus 10/2/2019 11.73

United RMB Income & Growth MYR 29/11/2017 20.91 23.27 29.11 11.25 2.35 1 17

AVERAGE 3.02 4.92 4.91 -20.36 4.19 2.33

Fixed Income Islamic

Affin Hwang Aiiman Income Plus 29/6/2008 0.91 2.77 3.05 -22.74 1.4 2.15 9 9

E AmanahRaya Syariah Trust 22/9/2010 0.48 2.34 2.59 -22.89 1.27 2.02 12 10

AMB Income Trust 20/6/2000 1.89 5.14 8.91 7.46 3.6 2.39 1 8

E AmBon Islam 27/11/2005 0.79 2.58 3.08 -23.05 1.87 1.63 7 13

AmDynamic Sukuk A 13/6/2016 1.2 3.24 3.6 -20.8 2.09 1.70 5 12

BIMB Dana Al-Fakhim 14/9/2016 1.52 2.54 3.05 -22.94 0.07 42.02 8 1

CIMB Islamic Enhanced Sukuk 24/2/2009 0.38 2.3 2.09 -21.18 3.11 0.68 14 15

Eastspring Investments Dana Wafi 22/2/2009 0.81 2.51 2.8 -22.83 1.03 2.69 10 6

Kenanga OA Inv-Kenanga Bon Islam 24/4/2008 -0.31 0.96 0.98 -27.08 1.21 0.81 15 14

E Libra ASnitaBOND 19/3/2009 1.6 3.88 4.73 -19.94 0.88 5.26 3 3

Libra Dana Safa 2/12/2013 1.71 3.2 3.94 -21.17 0.21 18.55 4 2

Manulife Shariah-Dana Sukuk 28/5/2017 0.75 2.33 2.59

1.36 1.89 13 11

Opus Shariah Income 19/9/2017 1 3.16 3.48

1.29 2.67 6 7

Pacific Dana Murni 26/3/2007 0.78 2.17 2.61 -23.08 0.83 3.13 11 4

RHB Islamic Bond 26/8/2004 2.75 5.41 6.59 -4.99 2.28 2.82 2 5

AVERAGE 1.08 2.97 3.61 -18.86 1.5 6.03

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)

Note: ABS denotes ranking based on absolute return RAR denotes ranking based on risk-adjusted return - YTD is from 31/12/2014 to 31/10/2015.

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

- 12 -

12

Date KLCI m-o-m %

Change PMB Portfolio

m-o-m %

Change

PMB Islamic

Portfolio

m-o-m %

Change

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

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

Appendix

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13

Date KLCI m-o-m %

Change PMB Portfolio

m-o-m %

Change

PMB Islamic

Portfolio

m-o-m %

Change

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

Nov-09 1,259.11 +1.3 122.9 +0.4 121.9 -0.8

Oct-09 1,243.23 +3.4 122.5 +1.0 122.9 +1.1

Sep-09 1,202.08 +2.4 121.5 +2.4 121.6 +1.8

Aug-09 1,174.27 -0.1 119.1 +0.8 119.4 +1.4

Jul-09 1,174.90 +9.3 118.3 +5.7 117.7 +4.5

Jun-09 1,075.24 +3.0 112.6 +0.9 112.6 +0.4

May-09 1,044.11 +5.4 111.7 +4.5 112.1 +4.7

Apr-09 990.74 +13.6 107.2 +4.6 107.1 +5.4

Mar-09 872.55 -2.0 102.6 +2.9 101.6 +1.6

Feb-09 890.67 +0.7 99.7 +0.1 100.0 -

* Performance includes income distribution of funds using reinvestment method.