1

34q234q

November 2017

Phillip Funds Focus A MONTHLY NEWSLETTER EXCLUSIVELY FOR

INVESTMENT PROFESSIONALS

The US Conference Board’s consumer confidence index rose to 125.9 in

October, the highest since December 2000, from the revised 120.6 in September. This upshot indicates a turnaround in regards to economic activity and confidence as well as the dispersion of the effects from the recent hurricanes. Moreover, present conditions measure and consumer expectations gauge increased to 151.1 and 109.1 in October from 146.9 and 103.0 the previous month, respectively.

China’s Caixin Manufacturing PMI maintained at 51.0 in October from its previous measure in September indicating the manufacturing industries in China are expanding at a weak but stable pace. However, production is expected to be further affected in the coming months due to both strict production regulations regarding pollution and low inventory levels adding to cost pressure on companies.

The Bank of England (BOE) raised its key interest rate from 0.25% to 0.5%,

its first hike in 10 years after the Monetary Policy Committee voted 7-2 to raise the rate. This new hike comes at time of slow economic growth and lack of clarity over Brexit discussions. Those effected by the hike are mainly homeowners, who will have to contend with an increase in mortgages.

ASEAN bourses had a much improved performance in October, as

Singapore’s Straits Times Index (STI) led the gain at 4.8%. Followed suit were Stock Exchange of Thailand (SET), Philippines’ Stock Exchange (PCOMP) and Indonesia’s Jakarta Composite Index (JCI) with 2.9%, 2.4% and 1.8% gains, respectively while FTSE Bursa Malaysia KLCI (FBMKLCI) continued to decline at 0.4% in October.

We currently have a neutral stance on the market. In the US, President

Donald Trump has selected Jerome Powell as the 16th chairperson for the US Federal Reserve. Reactions by critics have been mixed to slight positive as Jerome does not have a strong career in economics but in law and he is expected to induce little change when it comes to monetary policy. Meanwhile, China’s Communist Party has revealed its new party leaders in the Political Bureau Standing Committee with President Xi Jinping as its head but did not reveal any potential successor in the committee, leading to the speculation that Xi Jinping plans to remain in power past his current term. In Malaysia, the 2018 National Budget was unveiled in late October. Our outlook on the budget is neutral as we expect the announcements made will have positive but short term impacts.

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

US’ Oct17 non-farm payrolls came in lower-than-expected

– Non-farm payrolls in the US increased by 261,000 in

October, lower than market expectations of 310,000 new jobs.

Employment in food services and drinking places surged for

the month, offsetting the decline in September (due to

Hurricane Irma and Harvey). Average hourly earnings were

little changed in Oct17, slipped by 1cent, following a sharp

jump of 12cent in Sep17.

China Services PMI expanded faster in Oct17 – China’s

services sector expanded faster during the month, came in at

51.2 from 50.6 in Sep17. This was partly driven by the surge in

Chinese demand as Golden Week and Mooncake festivals

took place in the first week of Oct. However, new order sub-

index rose modestly because of a combination of firmer

underlying client demand and new products.

Japan services PMI grew fastest in October – Nikkei-Markit

services purchasing managers’ index rose to 53.4 in October,

up from 51.0 in September, marking the fastest growth rate in

two years. The strong figure was mainly supported by the

sharpest increase in new orders alongside with strong new job

addition, boosted by the rising levels of new business.

Confidence among service providers were lifted by Abe’s

comfortable victory in lower house elections in October,

reducing the risk of course of government policy being altered.

Window to the World

A Peep into Malaysia

Source: Bloomberg Note: Percentage changes are in local currencies

FBMKLCI down marginally in October – FBMKLCI slipped

0.4% m-o-m in October, bringing the year-to-date (YTD)

performance to 6.5%. Looking at trading participants, foreigners

continued to be net seller for the third consecutive month,

disposing RM226m worth of shares. Local retailers turned net

seller in October, selling RM111m worth of shares. This was

however supported by local institutions, after they purchased

RM337m worth of shares for the month.

Strong 3Q17 Industrial Production Index (IPI) hints for

strong GDP – IPI in 3Q17 recorded at 5.9%, marked the fastest

expansion in ten quarters. This was in tandem with external

trade performance, which made the productions of

manufactured goods in an expansion mode. Manufacturing

sales rose by 10.7% yoy in September, which is the tenth

consecutive months of double digit expansion. This may

translate to better 2017 GDP economic growth, which is

expected to be within 5.0-5.5%.

Malaysia’s exports growth moderated – Exports expanded

by 14.8% in Sep17, well below market expectations of 20%

growth. Similar trend witnessed in imports after registering

15.2% growth for the month. Among others, high base effect is

a key factor for the deceleration in both exports and imports.

Overall, exports and imports grew by 22% and 19.8% yoy

respectively in the third quarter, which is by far the strongest

quarter in 2017. Source: Bloomberg

M-o-M

(%)

YTD (%)

China

1.3%

9.3%

Hong Kong

2.5% 28.4%

Japan

8.1% 15.2%

Malaysia

-0.4% 6.5%

South Korea

5.4% 24.5%

US 4.3% 18.3%

Markets Performance

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

3

Issues in the passage of US tax reform policy; Not much excitement in Budget 2018 Massive redemptions from developed market (the US) back to emerging economies is possible with the long-awaited tax reform announced by President Trump are facing hurdles. The House vote shifted the tax debate to the US Senate, and four Republicans senators (which are enough to derail the legislation) are rumoured to oppose the bill following concerns the move may balloon the federal deficit. Thus, we think that the US market may remain sideways, as the passage of the tax overhaul is still anybody’s guess.

In Malaysia, we think that current market lacks catalyst, pending the 14th General Election (GE) which is likely to be next year. We think that Budget 2018, which was tabled on 27th October is a short-term election budget, as it concentrates on short-term handout instead of long-term policy matters. The individual income tax reduction may be enforced in 2018, and should translate to increase in overall disposable income in 2019. With the rise in crude oil prices forces the government to hike fuel price, we think that consumer spending may remain lacklustre.

Lighting Up Your Path

4

Actual PMB Model Portfolio* Illustrative PMB Islamic Model Portfolio*

Asset Allocation Return Asset Allocation Return

Aug-17 Sep-17 Oct-17 Nov-17 Oct-17 Aug-17 Sep-17 Oct-17 Nov-17 Oct-17

Kenanga Growth 13% 13% 13% 13% 3.1% Eastspring Investments Dana al-Ilham

25% 25% 25% 25% 3.3%

Eastspring Investments Equity Income

30% 30% 30% 30% 0.8% Kenanga Syariah Growth

25% 25% 25% 25% 3.6%

Phillip Master Equity Growth

13% 13% 13% 13% 4.2% Eastspring Investments Islamic Income

25% 25% 25% 25% 0.3%

CIMB Principal Asia Pacific Dynamic Income

10% 10% 10% 10% 7.0% MIDF Amanah Islamic

25% 25% 25% 25% 1.7%

Eastspring Investment Asia Pacific Equity

10% 10% 10% 10% 4.2%

CIMB Principal Greater China Equity

3% 3% 3% 3% 3.9%

Manulife India 3% 3% 3% 3% 5.6%

RHB-OSK-GS US Equity

7% 7% 7% 7% 1.6%

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 continued

its momentum, rose 4.2%, attributable to its

exposure to Green Packet, which surged 14.3%

in Oct17. Sentiment on Green Packet was

boosted after the company has obtained approval

from the government to provide money lending

services, via its wholly-owned subsidiary Packet

Interactive Sdn Bhd (PISB). PISB had received a

conditional letter of approval from the Ministry of

Wellbeing, Housing and Local Government under

Monet Lending Act 1951 in Sep17. The subsidiary

had previously completed the acquisition of an

80% stake in e-payment firm WebOnline Dot Com

in Jan17.

Source: PCM

The RHB-GS US Equity fund climbed 1.6%, following the optimism on the long-awaited corporate tax cut announced

by President Trump. The tax bill is expected to slash the corporate tax rate to 20% from the current 35%, which

aimed to attract US companies to repatriate their businesses back to the US, thus creating more jobs.

The CIMB Principal Asia Pacific Dynamic Income fund escalated 7.0% for the month, contributed by strong

performance of KOSPI Index and Sensex Index which rose 5.4% and 6.2% respectively. As of Oct17, the fund

exposure to South Korea and India are 11.0% and 10.2% respectively.

Manulife India soared 5.6% in Oct17 on the back of strong macroeconomic data. India Industrial Production (IIP),

grew to a six-month high of 5.2% in Sep17, mainly driven by a strong performance in coal, natural gas and refinery

segments. This had supported the Sensex Index and Nifty50 Index to reach a record high in the month, gaining 6.2%

and 5.6% respectively.

In Oct17, our PMB Model portfolio rose 1.2%, outperforming the FBMKLCI, which slipped 0.4%. Meanwhile, our

PMB Islamic portfolio turned positive for the month, recording a gain of 1.8%.

Source: PCM

Source: PCM

Oct-

17

5

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

1 Eastspring Investments Equity Income 0.8 10.9 C 23 Affin Hw ang AIIMAN Equity 3.3 21.5

2 Eastspring Investments MY Focus 1.6 20.0 24 BIMB I Grow th 4.9 30.3

3 Kenanga Grow th 3.1 22.4 C 25 Dana Makmur Pheim 3.2 20.0

4 Phillip Master Equity Grow th 4.2 27.7 C 26 Eastspring Investments Dana al-Ilham 3.3 5.9 C

27 Kenanga Syariah Grow th 3.6 10.3 C

28 MIDF Amanah Islamic 1.7 18.4 C

5 Affin Hw ang Select Balanced 2.7 12.1

6 Affin Hw ang Select Income 1.3 11.3

29 AmBon Islam 0.3 4.1

7 AMB Income Trust 0.1 3.8

8 AmBond 0.2 4.0

30 Aberdeen Islamic World Equity (Class A) 0.9 8.5

31 CIMB Islamic Asia Pacif ic Equity 5.3 28.8

32 Eastspring Investments Dinasti Equity 3.5 35.8

9 Affin Hw ang Select Dividend 2.1 18.8

10 Affin Hw ang Select Opportunity 1.1 19.7

11 Affin Hw ang Select Asia ex-Japan Quantum 2.1 16.1 C 33 CIMB Islamic Balanced Grow th 1.6 7.4

12 CIMB-Principal Asia Pacif ic Dynamic Income 7.0 28.0 C

13 CIMB Principal Greater China Equity 3.9 31.7 C

14 Eastspring Investments Asia Pacif ic Equity 4.2 22.4 C 34 Phillip Master Money Market 0.3 3.0 C

15 Manulife India Equity 5.6 28.2 C 35 Eastspring Investment Islamic Income 0.3 3.0 C

16 RHB China-India Dynamic Grow th 3.7 26.7 36 MIDF Amanah Shariah Money Market 0.0 2.4

17 Eastspring Investments Asia Select Income 2.1 12.4 37 AmGlobal Property Equities 0.2 2.2

38 Precious Metals Securities -1.5 -3.4

39 Manulife Investment Asia Pacif ic REIT 2.4 13.3

18 CIMB Global Titans 2.3 10.5

19 Eastspring Investments Global Basics MY 3.1 13.8

20 Eastspring Investments Global Emerging 4.1 24.6

21 RHB-OSK-GS US Equity 1.6 12.2 C

22 TA European 1.0 7.0

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 BIMB I Growth fund rose 4.9% for the month, mainly attributed to exposure in rubber gloves product i.e. Top Glove and Kossan Rubber Industries, which gained 12.6% and 3.1% respectively. The strong performance of rubber glove counters were due to pent up demand as China’s government addresses environmental issues (by reducing coal consumption). This has affected the supply chain of vinyl gloves from the Chinese manufacturers.

The CIMB-Principal Global Titans fund gained 2.3% in Oct17, supported by its exposure to the US market i.e. Apple Inc. Investors were optimistic on the company’s launching of a new smartphone model, which is the iPhone X, as it comes with the facial recognition, a new technology for iPhone series.

For regional exposure, the CIMB Islamic Asia Pacific equity fund rose 5.3% for the month. 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 performance was backed by the strong performance of China market as sentiment was boosted during the Communist Party of China meeting.

We have added back the Affin Hwang Select Asia ex-Japan Quantum fund to our recommendations. After a rapid rise in fund size, the fund was halted previously, which enabled the manager to gradually deploy cash back into the market.

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 5.17 20.6 16.93 15.89 8.04 2.00 10 9

Affin Hwang Growth 28/6/2011 4.38 19.18 15.54 14.9 7.96 1.86 13 13

Affin Hwang Principled Growth 22/7/2009 4.52 20.71 17.25 12.13 8.46 1.93 9 10

E Affin Hwang Select Dividend 28/3/2011 6.68 18.82 17.59 28.45 4.86 3.38 8 1

E Affin Hwang Select Opportunity 7/9/2001 2.39 19.74 17.99 29.36 8.18 2.07 7 8

E AMB Dividend Trust 6/6/2006 6.15 15.16 12.93 21.31 4.99 2.47 19 4

E AMB Ethical Trust 7/1/2003 0.19 11.58 9.02 -1.37 6.99 1.27 25 27

E AMB Index-Linked Trust 16/5/2002 0.66 7.41 5.46 -0.97 5.26 1.04 39 34

E AMB Unit Trust 26/3/1992 -0.37 12.54 9.82 7.78 7.66 1.26 23 28

AMB Value Trust A MYR 7/1/2003 -0.24 10.35 7.25 1.27 7.02 1.03 32 35

E AmDividend Income 28/3/2005 1.99 14.97 12.83 11.12 6.95 1.78 20 15

E AmMalaysia Equity 15/10/2001 2.06 13.89 10.95 15.58 6.9 1.55 22 21

E AmTotal Return 10/1/1989 2.15 15.61 13.86 3.2 7.11 1.87 15 12

E CIMB-Principal Equity 1/8/1995 0.14 10.72 7.52 7.53 6.69 1.12 31 31

CIMB-Principal Equity Aggressive 3 12/3/1998 4.27 18.38 13.54 8.08 8.81 1.49 18 23

E CIMB-Principal Equity Growth & Income 15/5/1991 8.94 21.4 18.34 26.23 5.81 2.94 6 2

E Eastspring Investments Equity Income 18/10/2004 3 10.85 8.41 19.99 5.03 1.63 28 19

E Eastspring Investments Growth 29/5/2001 4.09 16.19 14.3 12.71 8.87 1.56 14 20

E Eastspring Investments MY Focus 1/3/2011 2.96 20.03 16.26 19.72 8.03 1.92 12 11

E KAF Core Income 2/9/2004 -1.45 5.8 3.67 2.25 6.52 0.58 43 42

KAF Tactical 2/9/2004 5.14 26.29 25.11 8.71 9.79 2.36 2 6

E Kenanga Growth 17/1/2000 4.18 22.42 19.16 36.38 8.29 2.17 4 7

E Kenanga Malaysian Inc 9/11/2007 4.96 20.47 18.35 33.29 7.15 2.40 5 5

Kenanga OA Inv-Kenanga Blue Chip 23/4/2004 2.88 10.67 6.93 0.23 6 1.15 33 30

E Kenanga Premier 26/11/1996 0.48 6.85 4.51 5.6 6.9 0.67 42 39

E Libra DividendEXTRA 18/3/2005 3.79 17.08 19.63 26.84 6.22 2.93 3 3

E Libra EquityEXTRA 10/9/1999 3.83 18.07 16.65 3.23 9.23 1.72 11 16

Manulife Equity Plus 29/12/2009 1.87 14.67 11.49 15.66 6.71 1.66 21 18

Maybank Q-Opportunities 4/7/2011 -5.33 9.32 5.96 0.45 10.27 0.61 35 41

E MIDF Amanah Dynamic 5/5/1976 -2.65 9.4 5.73 7.05 9.24 0.65 37 40

MIDF Amanah Growth 2/12/1966 1.98 17.28 13.64 18.05 8.54 1.54 17 22

Pacific Dividend 18/11/2003 -2.88 8.25 5.18 -5.68 7.46 0.71 40 38

Pacific Millennium 15/4/1999 2 10.52 8.09 -8.02 4.73 1.67 30 17

Pacific Premier 10/8/1995 -1.39 9.68 5.65 -3.07 8.14 0.71 38 37

Pacific Recovery 15/4/1999 2.03 13.4 9.82 0.47 7.05 1.37 24 26

Phillip Master Equity Growth 18/6/2003 5.93 27.7 26.61 30.58 13.55 1.82 1 14

RHB Capital 12/4/1995 0.72 16.28 8.76 3.49 10.72 0.84 26 36

RHB Equity 8/8/1996 -6.32 8.69 2.52 -17.53 11.65 0.27 44 44

RHB KLCI Tracker 3/4/2000 -0.36 7.43 5.76 -2.35 5.31 1.08 36 32

RHB Malaysia DIVA 3/5/1999 11.62 22.58 13.65 0.52 10.95 1.23 16 29

E RHB Malaysia Dividend 4/3/2008 -3.28 10.78 4.66 -0.03 9.92 0.51 41 43

E RHB Smart Treasure 7/9/2004 -4.67 8.51 1.54 13.75 9.83 0.20 45 45

E TA Comet 1/10/1999 -0.66 8.79 8.39 11.56 5.68 1.45 29 24

TA Growth 1/7/1996 -1.38 7.98 6.34 6.75 6.08 1.04 34 33

TA High Growth 7/6/2004 0.31 10.79 8.63 4.81 5.90 1.43 27 25

Average

1.79 14.40 11.38 9.91 7.68 1.49

Malaysia, Equity-Islamic Growth

Aberdeen Islamic Malaysia Equity A 17/1/2013 1.65 7.44 1.7 3.21 7.64 0.26 25 25

Affin Hwang Aiiman Equity 1/8/2007 6.46 21.45 19.12 12.87 7.12 2.51 2 1

E Affin Hwang Aiiman Growth 8/10/2002 3.57 15.22 13.53 11.47 6.06 2.13 4 3

AmanahRaya Islamic Equity 23/4/2008 0.08 7.7 4.54 8.75 5.93 0.78 23 22

E AMB Dana Yakin 24/11/2000 -0.38 9.89 7.2 5.02 7.56 0.96 16 20

E AMB Shariah Value Plus A-MYR 16/6/2015 5.46 9.11 9.62 5.26 1.78 11 6

E AmIslamic Growth 10/9/2004 3.48 12.59 10.49 9.42 5.07 2.00 9 4

E AmIttikal 12/1/1993 1.33 8.58 6.18 5.35 5.44 1.13 18 16

BIMB i Dividend

18/3/2011

4.24

14.02

9.5

-5.85

8.18

1.15

12

15

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 13.81 30.34 27.66 4.86 10.97 2.30 1 2

BIMB-Arabesque Malaysia Shariah-ESG Equity MYR 9/3/2017 5.71

E CIMB Islamic Al-Azzam Equity 1/8/2012 4.8 13.88 9.31 10.47 7.61 1.21 13 14

E CIMB Islamic Equity Aggressive 15/6/1995 4.55 13.75 9.27 15.27 7.58 1.21 14 13

E Eastspring Investments Dana al-Ilham 14/8/2002 1.72 5.87 3.83 7.26 5.45 0.72 24 24

E KAF Dana Adib 25/3/2004 4.67 18.21 13.26 3.3 10.32 1.26 6 11

E Kenanga Islamic 15/8/2002 1.51 8.26 5.53 7.29 5.53 1.00 21 19

E Kenanga OA Inv-Kenanga Ekuiti Islam 23/4/2004 1.17 9.62 6.21 8.93 6.03 1.03 17 18

E Kenanga OA Inv-Kenanga Shariah Growth Opps 23/4/2004 1.97 9.49 5.67 6.96 6.12 0.93 19 21

E Kenanga Syariah Growth 29/1/2002 2.97 10.28 7.65 8.59 6.2 1.22 15 12

E Libra Amanah Saham Wanita 4/5/1998 3.32 17.14 12.27 6.71 9.52 1.27 7 10

Manulife Shariah-Dana Ekuiti 27/5/2013 4.13 15.76 11.85 21.36 6.44 1.78 8 5

E MIDF Amanah Islamic 14/5/1971 3.68 18.41 13.38 19.3 8.76 1.48 5 7

Pacific Dana Aman 16/4/1998 -2.63 3.16 -0.42 -8.12 7.53 -0.02 27 27

PMB Dana Al-Aiman 19/5/1997 -6.28 0.64 -1.18 -3.29 9.56 -0.08 28 28

PMB Dana Bestari 3/10/2002 -6.33 2.9 0.4 0.03 10.03 0.09 26 26

PMB Dana Mutiara 5/8/2004 -6.27 0.63 -1.22 -0.45 8.95 -0.10 29 29

PMB Shariah Index 25/3/2002 1.62 8.03 5.64 1.49 5.15 1.09 20 17

RHB Dana Islam 26/10/2001 1.02 13.11 9.8 9.92 6.89 1.39 10 8

TA Dana Fokus 17/6/2008 1.7 15.89 13.97 3.34 9.89 1.38 3 9

TA Islamic 24/4/2001 -1.9 4.94 4.86 5.43 6.46 0.77 22 23

Average 2.03

11.25

8.26

6.39 7.35

1.12

Malaysia Equity Small Cap

AMB SmallCap Trust 3/3/2004 5.91 23.76 19.09 10.54 9.18 1.96 4 2

E CIMB-Principal Small Cap 20/4/2004 7.85 28.72 22.71 10.04 10.97 1.93 2 3

Eastspring Investments Islamic Small-Cap 25/5/2017

E KAF Vision 1/3/2000 2.64 19.65 13.54 36.46 11.16 1.20 6 6

E Kenanga OA Inv-Kenanga Growth Opportunities 23/4/2004 0.56 7.29 4.43 10.15 7.19 0.64 9 9

MIDF Amanah Strategic 1/6/1970 7.74 27.13 21.22 26.2 11.34 1.76 3 4

Pacific Pearl 6/1/1997 -7.21 1.69 -3.35 -22.4 12.65 -0.21 11 11

PMB Shariah Mid-Cap 20/4/1992 -5.09 0.68 -0.81 -3.59 6.9 -0.09 10 10

PMB Shariah Small-Cap 16/5/2016 9.84 28.70 25.00

10.00 2.30 1 1

E RHB Emerging Opportunity 18/5/2004 3.39 15.74 10.32 3.42 9.94 1.04 7 7

E RHB Small Cap Opportunity 20/4/1998 -0.02 20.04 14.82 26.15 11.97 1.22 5 5

TA Small Cap 9/2/2004 -5.04 10.32 9.08 -2.14 10.32 0.89 8 8

Average 1.87 16.70 12.37 9.48 10.15 1.15

Asia Equity Offshore

Affin Hwang Select APAC ex-Japan Dividend MYR 8/12/2014 8.74 22.23 22.59 7.84 2.66 16 15

E Affin Hwang Select APAC ex-Japan REITs and Infra 25/4/2007 5.81 11.59 10.1 32.5 5.51 1.78 35 29

E Affin Hwang Select Asia (ex Japan) Opportunity 18/7/2006 11.02 24.47 24.83 46.12 6.75 3.35 13 5

E Affin Hwang Select Asia (ex Japan) Quantum 15/4/2004 -3.13 16.08 13.2 40.94 11.03 1.18 32 36

Affin Hwang World Series - Japan Growth 3/3/2014 18.34 21.19 30.15 39.58 6.36 4.22 5 2

E AmCumulative Growth 24/7/1996 20.35 27.85 29.03 53.24 7.76 3.35 6 4

E Asia Pacific Equity Income 18/4/2012 9.22 22.04 23.72 42.49 10.2 2.15 14 26

CIMB-Principal ASEAN Equity 12/9/2007 8.54 17.71 14.67 31.96 6.3 2.21 29 25

CIMB-Principal Australian Equity 20/3/2010 1.84 5.8 16.49 24.79 11.42 1.40 26 33

CIMB-Principal China-India-Indonesia Equity 21/1/2010 13.22 23.99 21.9 57.78 6.87 2.94 17 10

E CIMB-Principal Greater China Equity 12/6/2007 18.06 31.72 32.23 84.61 11.1 2.60 4 17

Eastspring Investments Asia Pacific Equity MY 21/7/2005 9.63 22.4 27.19 41.19 9.72 2.54 7 19

KAF Jade 1/11/2006 10.76 19.8 25.72 32.93 9.57 2.46 9 22

Kenanga Asean Tactical Total Return 1/7/2015 3.57 8.27 8.57 5.14 1.63 36 31

E Kenanga Asia Pacific Total Return 11/7/2013 5.42 14.04 14.09 29.63 5.28 2.54 30 20

Manulife Asian Small Cap Equity MYR 8/4/2015 9.63 20.76 19.71 7.6 2.42 21 24

Manulife China Equity 7/1/2010 12.6 21.62 25.92 51.21 8.97 2.63 8 16

Manulife Dragon Growth USD 3/11/2016 27.28 35.76

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 9.4 28.15 25.19 66.9 11.41 2.04 12 27

Manulife Investment Greater China 21/10/2008 21.87 34.69 32.31 68.76 10.4 2.77 3 14

Manulife Investment Indonesia Equity 19/10/2010 -1.37 3.07 0 -2.11 8.67 0.04 38 38

Manulife Investment Pacific 23/6/2005 11.1 21.5 22.76 65.79 7.26 2.88 15 12

Pacific Focus China 19/5/2009 17.06 30.93 33.89 60.8 9.54 3.14 1 8

E Pheim Asia Ex-Japan 30/6/2006 10.29 20.12 20.87 26.35 6.83 2.83 19 13

E RHB Asean 2/12/2009 4.9 12.9 10.57 22.12 6.01 1.71 34 30

RHB Asia Consumer 18/1/2010 11.79 21.17 20.92 30.12 5.83 3.31 18 6

RHB Asia Pacific 6/1/2006 14.23 21.45 20.6 24.39 4.96 3.83 20 3

RHB Asian Growth Opportunities 8/1/2008 5.05 12.15 14.82 32.12 7.9 1.80 28 28

RHB Big Cap China Enterprise 3/12/2007 17.91 29.55 33.7 70.5 12.37 2.43 2 23

RHB China-India Dynamic Growth 11/3/2010 12.55 26.74 25.23 59.74 9.17 2.52 11 21

RHB Dividend Valued Equity 13/7/2005 9.42 16.11 16.47 28.35 4.82 3.21 27 7

RHB Entrepreneur 14/10/2014 18.34 20.13 25.34 47.9 7.63 3.02 10 9

RHB Indonesia Equity Growth 4/4/2011 -3.52 -1.87 -4.62 13.09 8.72 -0.50 39 39

RHB Resources 16/5/2006 3.21 6.81 11.57 4.45 9.38 1.22 33 35

RHB Singapore Income Feeder MYR 18/1/2016 0.62 11.34 14 9.69 1.40 31 32

E TA Asian Dividend Income 15/8/2007 6.92 14.72 17.46 37.28 5.66 2.89 24 11

E TA South East Asia Equity 28/11/2005 6.59 14.22 18.59 30.42 3.59 4.80 22 1

Templeton Asian Growth MYR A 21/9/2015 8.43 17.21 17.97 6.58 2.56 23 18

Templeton Asian Smaller Companies MYR A 7/10/2015 7.03 26.79 16.57 11.66 1.38 25 34

United ASEAN Discovery 8/12/2014 -2.51 6.15 4.76 6.24 0.77 37 37

Average 9.51 19.03 19.46 40.50 7.99 2.36

Equity Offshores-Others

Affin Hwang Absolute Return III 18/11/2014 3.16 16.05 15 7.25 1.97 25 30

Affin Hwang Fixed Maturity Income XII 22/10/2014 2.58 5.98 5.92 19.72 1.73 3.33 38 9

Affin Hwang Fixed Maturity Income XIII 12/1/2015 3.2 6.42 7 1.06 6.41 35 1

Affin Hwang Income Focus 1 24/8/2017

Affin Hwang Structured Income 9 18/10/2016 4.28 8.61 6.88 4.01 1.68 36 32

E AmAsia Pacific Leisure Dividend 25/2/2013 11.18 18.52 16.41 21.88 6.99 2.22 21 24

E AmAsia Pacific REITs B MYR 18/7/2011 2.19 4.66 6.19 39.24 3.51 1.73 37 31

AmAsia Pacific REITs Plus 1/7/2013 3.73 7.22 7.39 33.88 4.38 1.65 33 33

E AmAsia-Pacific Property Equities 18/7/2006 1.84 4.14 5.13 30.79 5.89 0.88 39 43

Affin Hwang Absolute Return III 18/11/2014 3.16 16.05 15 7.25 1.97 25 30

Affin Hwang Fixed Maturity Income XII 22/10/2014 2.58 5.98 5.92 19.72 1.73 3.33 38 9

AmGlobal Property Equities 25/10/2005 1.72 2.18 9.05 42.74 6.72 1.33 29 37

E AmPan European Property Equities 6/3/2007 10.23 17.22 25.35 62.56 8.24 2.81 6 16

AmSchroders European Equity Alpha 8/8/2006 5.42 10.73 25.23 53.56 8.97 2.57 7 19

E CIMB-Principal Asia Pacific Dynamic Income MYR 25/4/2011 16.52 28.01 29.68 53.91 9.03 2.95 1 12

E CIMB-Principal Global Titans 18/7/2005 5.95 10.5 22.18 58.05 7.14 2.86 11 15

CIMB-Principal Total Return Bond 3 11/7/2016 2.37 4.61 4.94 1.19 4.08 41 3

Eastspring Investments APAC ex-Japan Target Return 10/10/2014 10.53 17.26 16.91 25.17 5.78 2.75 20 17

E Eastspring Investments Global Basics MY 17/1/2007 8.35 13.8 23.46 52.92 6.84 3.14 8 10

Eastspring Investments Global Emerging Markets 11/1/2008 13.87 24.61 27.56 51.62 6.81 3.64 4 5

E Eastspring Investments Global Leaders MY 23/3/2006 6.2 9.78 22.28 55.53 8.72 2.36 10 21

Franklin U.S. Opportunities MYR 8/5/2013 10.93 24.89 25.69 30.93 6.63 3.51 5 8

Global Agribusiness 3/5/2007 6.93 8.28 19.8 20.47 7.9 2.34 14 22

Global Emerging Market Opportunities 18/3/2008 13.62 23.99 28.49 44.89 5.49 4.64 3 2

E Kenanga Global Dividend 19/3/2007 2.31 3.58 14.85 37.43 8.79 1.62 26 34

Kenanga Global Opportunities 21/6/2010 0.49 3.18 4.98 -9.58 4.45 1.12 40 39

E Libra Consumer and Leisure Asia 18/7/2007 -5.4 0.59 1.14 26.64 8 0.18 46 46

Libra Resource Equity 18/3/2011 6.1 9.26 16.05 7.2 6.71 2.26 24 23

Manulife Global Resources 7/1/2010 2.47 -3.51 7.92 19.35 12.4 0.67 31 44

Manulife Investment Asia-Pacific REIT 7/6/2007 6.39 13.34 12.4 52.7 5.51 2.16 27 25

Manulife Investment U.S. Equity 21/10/2009 5 7.95 20.08 52.97 9.42 2.00 13 29 E

Pacific Asia Brands

20/1/2006

-1.17

1.47

8.34

20.41

8.36

1.00

30

41

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)

E Pacific Global Stars 20/7/2006 2.43 3.1 9.95 26.28 6.49 1.50 28 36

Pacific Real Opportunities Absolute Return 21/4/2016 -3.12 -0.12 -0.6 6.05 -0.07 48 49

RHB Asia Financials 11/1/2011 9.84 16.9 19.63 42.17 11.59 1.61 15 35

RHB Energy 23/3/2009 0 -8.28 -0.95 -7.93 9.27 -0.06 49 48

RHB European Select 3/3/2015 4.99 15.27 23.4 6.02 3.55 9 7

E RHB Global Equity Yield 9/11/2005 7.3 12.13 17.03 36.73 5.48 2.91 19 13

RHB Global New Stars 24/1/2007 6.68 11.3 18.27 18.14 8.08 2.13 17 27

RHB Gold And General 21/7/2009 4.57 3.42 0.54 71.34 16.92 0.11 47 47

E RHB Goldenlife 2020 21/2/2005 -2.8 6.16 1.94 -1.76 6.87 0.31 45 45

E RHB Goldenlife 2030 21/2/2005 0.14 12.77 7.2 -0.42 8.26 0.88 34 42

RHB Pre-IPO & Special Situation 2 22/7/2014 0.51 0.68 -13.05 22.18 14.98 -0.85 51 50

RHB Pre-IPO & Special Situation 3-MYR 5/10/2015 1.77 1.82 3.29 3.19 1.03 44 40

RHB Private Equity Opportunity 1 28/7/2016 -0.72 -3.97 -3.61 3.32 -1.09 50 51

RHB US Focus Equity 15/10/2010 4.62 9.51 16.31 34.22 7.51 2.06 23 28

RHB-GS US Equity 18/5/2011 3.37 12.17 18.28 17.44 5.92 2.88 16 14

E TA European Equity 20/3/2007 3.66 6.99 16.32 48.66 5.94 2.59 22 18

TA Global Technology 26/5/2011 11.38 24.54 28.64 77.34 6.37 4.02 2 4

TA Structured Income 3/3/2016 4.52 10.81 7.62 5.72 1.31 32 38

Templeton Global Equity MYR A 13/4/2015 6.46 13.21 18.21 5.57 3.05 18 11

United Global Quality Equity MYR Hedged 26/9/2016 11.30 22.14 20.37 5.26 3.57 12 6

United Target Income Bond 7 18/7/2016

2.58

4.56

3.95

1.81 2.15

42

26

United Trigger Bond 26/5/2014

1.92

3.77

3.56

17.11

1.44 2.44

43

20

Average

4.75

9.45

12.80

33.50 6.67 2.08

Asia Equity Offshore Islamic

Aberdeen Islamic APAC ex Japan Equity A MYR 2/12/2015 3.2 10.26 10.98 6.79

1.57 10 9

Aberdeen Islamic World Equity A MYR 17/1/2013 5.07 8.51 15.72 29.57 4.6 3.22 8 4

AmASEAN Equity 6/6/2011 3.29 4.42 2.46 13.88 4.05 0.62 14 14

AmIslamic Income Regular 1 12/9/2017

E AmOasis Global Islamic Equity 21/4/2006 -1.32 -0.14 9.11 21.04 8.22 1.10 11 11

ASEAN Equity 6/2/2014 -0.72 2.62 0.57 8.57 3.82 0.17 15 15

BIMB-Arabesque i Global Dividend 1 - MYR 5/11/2015 7.9 15.5 25.87 7.68

3.06 3 5

E CIMB Islamic Asia Pacific Equity 2/6/2006 19.25 28.8 28 53.13 7.69 3.28 2 3

Commodities Equity 19/7/2010 2.52 -3.15 9.02 -2.79 12.44 0.75 12 12

E Eastspring Investments Dinasti Equity 26/10/2009 20.08 35.81 35.58 82.24 8.69 3.59 1 2

ICD Global Sustainable 23/6/2017

KAF Australia Islamic Property A MYR 1/8/2016 4.01 8.89 12.5 7.79 1.56 9 10

Manulife Investment Shariah Asia-Pacific 16/1/2008 14.14 21.97 23.28 38.44 7.69 2.78 4 7

Maybank Bosera Greater China Asean Equity-I A 27/4/2015 9.23 20.35 20.92 5.26 3.67 6 1

Pacific Dana Dividen 26/7/2007 -3.37 0.92 2.61 3.02 4.05 0.66 13 13

E Pheim Asia Ex-Japan Islamic 1/11/2006 10.66 25.22 22.75 29.79 8.92 2.36 5 8

E Precious Metals Securities 15/11/2007 -2.43 -3.43 -6.24 19.18 12.2 -0.47 17 16

RHB Global Food Islamic Equity 11/8/2011 -7.7 -8.37 -5.69 10.26 5.29 -1.08

16

17

RHB Islamic Global Developed Markets MYR 28/5/2015

5.56

10.29

20.25

6.58 2.86

7

6

Average

5.26

10.50

13.39

25.53

7.16 1.75

Malaysia Mixed Assets

Affin Hwang ASEAN Flexi MYR 8/9/2014 8.42 11.18 12.22 23.44 5.69 2.06 11 12

Affin Hwang Select Balanced 28/7/2003 4.77 12.11 11.14 20 4.13 2.58 14 8

Affin Hwang Select Income 6/1/2005 5.9 11.3 11.58 27.98 2.03 5.44 12 1

Affin Hwang Tactical 10/8/2010 3.21 14.26 10.87 9.56 6.23 1.69 15 17

E AMB Balanced Trust 19/9/1994 1.1 6.45 4.76 8.87 3.84 1.23 26 22

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 Lifestyle Trust Today 25/11/2004 1.12 4.34 4.04 16.64 2.58 1.55 29 19

E AmBalanced 16/9/2003 7.2 20.05 17.1 12.41 7.52 2.15 4 11

E AmConservative 16/9/2003 0.33 6.99 6.53 14.69 3.42 1.87 22 15

AmDynamic Allocator 23/4/2012 5.36 7.21 11.17 20.6 3.43 3.12 13 4

E Eastspring Investments Asia Select Income 18/11/2005 6.05 12.41 12.84 33.6 3.24 3.77 10 2

E Eastspring Investments Balanced 29/5/2001 4.26 14.23 13.45 18.81 6.56 1.96 9 14

E Eastspring Investments Dynamic 6/11/2003 3.45 15.27 13.5 36.34 8.05 1.62 8 18

InterPac Dynamic Equity 25/7/2007 25.1 54.8 54.12 47.2 13.65 3.29 1 3

E KAF First 16/1/1996 0 5.35 1.92 11.53 6.06 0.34 34 34

E Kenanga Balanced 23/5/2001 4.82 17.33 15.94 22.05 6.19 2.43 6 10

E Kenanga OA Inv-Kenanga Diversified 23/4/2004 7.24 21.87 20.6 25.14 6.71 2.84 2 6

E Kenanga OA Inv-Kenanga Managed Growth 23/4/2004 6.53 20.94 19.68 25.34 6.77 2.70 3 7

Libra Strategic Opportunity 1/11/2012 -21.44 -44.5 -50.8 -84.51 39 -1.56 35 35

E Libra TacticalEXTRA 18/3/2005 2.92 16.44 14.43 2.17 9.53 1.47 7 20

Maybank Q-Target Return 4/7/2011 -0.33 9.49 7.32 5.99 5.88 1.23 20 21

Pacific Dynamic AsiaPac 29/7/2013 5.69 10.12 8.89 13.27 5.04 1.72 17 16

Pacific Income 18/8/2000 -0.2 5.3 3.53 2.5 4.48 0.80 30 30

Pacific SELECT Balance 11/8/2003 2.42 9.29 5.95 -1.57 6.5 0.92 23 27

Pacific SELECT Income 11/8/2003 0.45 3.42 2.34 1.24 2.62 0.90 33 28

E Pheim Income 28/1/2002 3.33 5.06 5.56 15.6 2.66 2.05 25 13

RHB Golden Dragon 8/5/2007 8.85 15.92 16.58 38.71 5.23 2.97 5 5

E RHB Goldenlife Today 21/2/2005 0.34 5.69 3.36 13.71 4.28 0.79 31 31

E RHB Growth And Income Focus 7/1/2005 -1.59 9.23 4.12 9.85 8.08 0.54 28 33

RHB Kidsave 10/5/1999 -2.95 11.18 5.84 1.1 9.94 0.62 24 32

E RHB Smart Balanced 7/9/2004 -1.34 10.42 6.92 19.79 7.46 0.93 21 26

E RHB Smart Income 7/9/2004 -0.15 7.12 4.62 19.69 4.95 0.94 27 25

E RHB Thematic Growth 26/9/2007 0.81 15.39 8.53 17.98 10.21 0.85 18 29

E TA Global Asset Allocator 12/6/2006 1.3 0.54 7.72 19.07 6.51 1.18 19 23

TA Income 6/5/2002 2.65 9.92 9.01 8.2 3.42 2.55 16 9

United Income Plus 9/2/2015 1.04 5.09 3.27 3.42 0.96 32 24

Average 2.76 10.32 8.82 14.03 6.72 1.73

Malaysia Mixed Assets-Islamic

Affin Hwang Aiiman Balanced 11/11/2001 4.68 13.22 11.29 15.29 4.63 2.34 6 5

E Affin Hwang Aiiman Select Income 1/3/2013 4.18 8.71 7.59 14.71 2.77 2.66 10 3

E AMB Dana Ikhlas 17/9/2002 0.22 3.77 2.22 3.85 3.53 0.64 15 14

E AmIslamic Balanced 10/9/2004 5.19 11.16 9.58 14.48 3.72 2.49 9 4

BIMB Dana Al-Munsif 27/12/2001 10.62 15.1 12.8 -1.82 8.05 1.54 4 11

E CIMB Islamic Balanced Growth 26/5/2003 2.79 7.42 5.2 6.91 4 1.29 11 13

E CIMB Islamic Enhanced Sukuk 23/2/2005 2.47 5.05 3.97 10.81 2.49 1.57 12 10

E Dana Makmur Pheim 28/1/2002 9.39 20.03 18.72 30.32 6.41 2.72 2 2

E Eastspring Investments Dana al-Islah 14/8/2002 2.04 4.39 3.7 8.57 2.28 1.60 13 9

E Eastspring Investments Dana Dinamik 25/2/2004 5.14 13.56 11.06 17.37 6.1 1.76 7 7

InterPac Dana Safi 25/7/2007 28.02 57.75 57.05 54.67 16.91 2.79 1 1

E KAF Dana Alif 26/2/2003 3.61 16.05 15.38 12.34 6.78 2.15 3 6

E Kenanga Islamic Balanced 6/12/2004 0.56 4.36 2.05 6.11 4.33 0.49 16 15

Kenanga OA Inv-Kenanga Shariah Balanced 23/4/2004 -8.47 -10.87 -13.78 -32.19 2.4 -6.14 19 19

E Libra SyariahEXTRA 1/1/2003 2.47 12.19 10.16 14.98 5.64 1.75 8 8

Pacific Dana Imbang 2/6/2014 -0.02 2.94 0.9 -11.16 5.96 0.18 17 17

PMB Shariah Tactical 29/10/1979 -12.21 -6.87 -8.56 -10.17 9.82 -0.86 18 18

RHB Dana Hazeem 18/2/2013 -0.76 6.61 2.76 7.53 6.23 0.47 14 16

TA Dana Optimix 17/1/2005 -0.24 14.06 12.59 14.22 9.23 1.33 5 12

Average

3.14

10.45

8.67

9.31 5.86

1.09

Mixed Assets Offshore

Affin Hwang Aiiman Asia (ex Japan) Growth MYR 14/12/2015 15.26 25.63 26.14 5.96 3.96 1 1

Affin Hwang Select APAC ex-Japan Balanced MYR 8/12/2014 5.47 10.78 11.93 4.9 2.33 7 11

Affin Hwang Select AUD Income MYR 18/3/2010 2.85 6.12 7.63 28.68 9.51 0.82 14 16

Affin Hwang Select SGD Income MYR 1/8/2012 7.16 11.87 14.94 38.94 4.59 3.07 4 7

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 -3.14 -3.61 0.43 9.93 6.55 0.10 18 18

Amundi International 3/9/2015 4.86 9.43 10.36 2.82 3.53 10 4

BIMB Dana Al-Falah 27/12/2001 9.33 10.27 7.91 8.45 0.94 12 15

CIMB-Principal Global Multi Asset Income 20/3/2014 0.97 3.35 7.9 22.83 5.1 1.52 13 13

Eastspring Investments ASEAN al-Adiil 28/10/2013 4.58 5.24 5.25 22.73 3.17 1.63 15 12

Libra IncomeEXTRA 10/9/1999 -2.75 2.39 3.21 6.75 0.50 17 17

Pacific AsiaPac Income 28/11/2006 6.65 13.21 15.21 30.32 4.04 3.54 3 3

Pheim Emerging Companies Balanced 28/1/2002 4.99 11.23 11.74 15.62 3.57 3.14 8 6

E RHB Asian Income MYR 5/6/2012 3.54 7.91 10.02 38.12 3.93 2.46 11 10

RHB Multi Asset Regular Income 7/12/2012 0.46 3.05 4.13 30.92 3.17 1.29 16 14

E TA Asia Pacific Islamic Balanced 7/11/2006 8.24 14.1 14.07 35.68 3.87 3.44 6 5

TA BRIC and Emerging Markets 25/2/2010 6.73 9.87 16.37 27.74 6.13 2.52 2 9

Templeton Global Balanced MYR A 5/5/2015 5.73 12.68 14.94 3.83 3.67 5 2

United Bond & Equity Strategic Trust 8/9/2014 2.76 10.98 11.09 22.44 3.85 2.76 9 8

Average 4.65 9.14 10.74 27.00 5.01 2.29

Fixed Income

Fixed Income

E Affin Hwang Bond 12/12/2001 1.8 4.29 3.52 12.49 2.57 1.36 15 19

Affin Hwang Select Bond 28/7/2003 2.4 5.13 5.51 22.63 1.2 4.49 7 1

E AmanahRaya Unit Trust 21/9/2006 2.1 4.04 3.36 12.55 2.03 1.64 17 12

E AMB Enhanced Bond Trust 27/5/2003 1.46 3.74 2.83 11.15 2.1 1.34 28 20

E AMB Income Trust 19/6/1996 1.63 3.81 2.98 18.07 2.12 1.39 23 17

AmBond 20/1/2000 2.2 4.01 3.11 14.07 2.35 1.32 22 21

E AmDynamic Bond 16/9/2003 2.13 4.12 2.88 16.06 2.73 1.05 26 27

AmTactical Bond B MYR 29/10/2012 1.59 2.98 2 27.08 2.77 0.73 31 31

Amundi Bond Global Aggregate MYR 3/9/2015 3.49 5.15 7.97 1.84 4.18 4 2

E CIMB-Principal Bond 15/11/1995 2.05 3.8 3.11 11.75 2.06 1.50 21 14

E CIMB-Principal Strategic Bond 23/3/2004 0.26 2.12 1.55 9.42 1.99 0.79 32 30

E Eastspring Investments Bond 29/5/2001 2.02 3.95 3.29 21.68 1.81 1.80 18 9

Eastspring Investments Global Target Income 18/7/2016 5.12 9.93 8.55 4.23 1.96 2 6

KAF Bond 1/11/2006 2.37 4.45 3.84 17.22 2.32 1.64 12 11

KAF Enhanced Bond 30/1/2002 0.68 2.28 2.16 6.57 1.99 1.08 30 26

Kenanga Bond 15/8/2002 1.73 3.29 2.89 10.1 1.52 1.89 25 8

Kenanga OA Inv-Kenanga Income Plus 23/4/2004 1.8 3.56 3.16 11.27 1.62 1.94 20 7

E Libra BondEXTRA 8/10/2002 1.98 3.9 4.27 18.65 1.04 4.03 10 3

Manulife Bond Plus 29/12/2009 1.98 3.46 2.22 12.75 2.55 0.88 29 28

Maybank Financial Institutions Income 17/12/2009 2.13 3.83 3.57 12.46 1.25 2.81 14 5

Maybank Financial Institutions Income Asia 26/8/2014 4.11 8.24 5.33 26.85 3.61 1.46 8 16

Maybank Global Bond 4/11/2013 -0.96 0.66 8.03 14.47 7.35 1.09 3 25

Opus Dynamic Income 3/6/2009 2.27 4.06 2.89 14.21 2.62 1.10 24 24

RHB Asian High Yield-MYR 8/6/2015 2.38 6.55 5.95 2.06 2.82 6 4

RHB Asian Total Return 26/2/2007 0.08 -0.33 2.84 37.51 3.96 0.73 27 32

E RHB Bond 10/10/1997 2.32 4.37 4.06 18.93 2.58 1.56 11 13

RHB Emerging Markets Bond 3/1/2012 1.27 3.37 4.93 39.29 3.27 1.49 9 15

E RHB Income 2 26/2/2003 1.96 4.39 3.47 14.99 2.63 1.31 16 22

E TA Total Return Fixed Income 1/10/2012 0.68 2.41 3.21 24.71 4.04 0.80 19 29

Templeton Asian Bond MYR 5/2/2013 0.97 2.2 3.67 -8.42 2.64 1.38 13 18

Templeton Global Total Return MYR 14/11/2012 -0.21 4.14 8.82 2.26 5.17 1.67 1 10

United Asian High Yield MYR 30/6/2015 0.09 0.79 6.88 5.87 1.16 5 23

Average 1.75 3.83 4.15 16.10 2.75 1.70

Fixed Income - Islamic

Affin Hwang Aiiman Global Sukuk MYR 14/12/2015 -3.02 -4.32 0.38 5.49 0.09 15 15

E Affin Hwang Aiiman Income Plus 28/6/2004 1.75 3.41 2.35 12.68 2.61 0.90 9 10

AmanahRaya Syariah Trust 21/9/2006 2.37 4.3 3.11 12.74 2.64 1.18 4 7

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 AMB Dana Arif A MYR 27/4/2004 1.97 3.56 3.07 13.54 1.76 1.73 5 3

E AmBon Islam 26/11/2001 2.13 4.05 3.61 13.94 1.98 1.81 1 2

E AmDynamic Sukuk A 12/6/2012 1.77 3.17 1.93 13.51 2.87 0.68 11 12

Eastspring Investments Dana Wafi 21/2/2005 1.79 3.37 2.75 11.14 1.75 1.56 8 5

Franklin Malaysia Sukuk A MYR 18/11/2015 1.88 3.85 3.33 1.73 1.91 3 1

Kenanga OA Inv-Kenanga Bon Islam 23/4/2004 0.97 2.13 1.55 6.22 1.48 1.05 14 9

E Libra ASnitaBOND 18/3/2005 1.92 3.86 3.02 16.84 2.18 1.38 6 6

Manulife Shariah-Dana Sukuk 27/5/2013 2.03 3.61 1.94 10.9 2.88 0.68 10 13

Opus Shariah Income 18/9/2013 1.91 3.52 1.7 12.35 3.26 0.53 13 14

Pacific Dana Murni 25/3/2003 1.85 3.56 3.01 11.19 1.74 1.71 7 4

E PMB Sukuk 8/12/1997 0.45

E RHB Islamic Bond 25/8/2000 1.96 4.27 3.37 19.76 2.91 1.15 2 8

TA Dana Afif 1/10/2014 1.56 2.81 1.86 12.82 2.46 0.76 12 11

Average 1.46 3.01 2.47 12.89 2.52 1.14

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 30/10/2017.

- 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

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

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

Appendix

14

Date KLCI m-o-m %

Change PMB Portfolio

m-o-m %

Change

PMB Islamic

Portfolio

m-o-m %

Change

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

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

* Performance includes income distribution of funds using reinvestment method.