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34q234q

June 2016

Phillip Funds Focus A MONTHLY NEWSLETTER EXCLUSIVELY FOR

INVESTMENT PROFESSIONALS

The anticipated US non-farm payroll added 38,000 jobs in May, the smallest number

of jobs addition in six years, opposing the trend of improving economic data that was showing strength in housing and consumer spending. The strike by Verizon workers subtracted roughly 30,000 from last month’s jobs increase and weaker job growth can be seen on broad-based. Private employment in the service area see the weakest rise of 61,000 since June 2012. Despite lacklustre employment data, unemployment rate dropped to 4.7%, lowest since November 2007 as labour participation rate fell for two consecutive months.

China Caixin Manufacturing PMI edged lower in May, down to 49.2 from 49.4 in April. This is the weakest reading in three months as output fell fractionally whilst new order rose at slower pace and job creation eased to marginal rate. Manufacturing employment is coming down and pace of services employment is doing little to pick up the slide. Job reduction persisted across the sector and weak demand conditions underpinned further falls in both purchasing activity and inventory holdings.

European Central Banks (ECB) announced that they will extend its stimulus program

back in March where ECB will start buying into investment-grade corporate bonds. As part of its 80 billion euros asset purchase plan a month, ECB will begin buying corporate bonds on June 8 whilst main refinancing rate remain at zero and deposit rate also kept at minus 0.4 percent level. As of May, ECB has bought more than 800billion euros of government bonds since March 2015. ECB continues to struggle in its fight against deflation as inflation in euro areas edged lower to minus 0.1 percent in May, far from ECB target of 2 percent.

Asian bourses had a mixed performance in May, with Philippines Composite Index (PCOMP) and Stock Exchange of Thailand (SET) landed on the positive territory, gained 3.4% and 1.4% respectively. Jakarta Composite Index (JCI) inched down 0.9% in May whilst Straits Times Index (STI) and FTSE Bursa Malaysia KLCI (FBMKLCI) fell 1.7% and 2.8% respectively, extended their losses in April.

Moving forward, the EU referendum’s result has changed the tone of the global

equity markets and further pushed the Fed to sit on their hands in raising the interest rate. We think the market will remain volatile in medium term, whilst we remain cautious on a possible second EU referendum by UK. Investors are advised to increase their cash holdings or increase exposure to income funds to ride out this volatility.

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: Labor market strength intact – US retail sales beat the

market expectation of 0.3% after rising 0.5% for the month.

This shows that the economic growth was still firm despite

recording disappointing payroll figures. It was the second

straight month of gains, after 1.3% increase in April. The core

retail sales, which excludes automobiles, gasoline, building

materials and food services rose 0.4% last month after it rose

1.0% in April. The strong May retail sales figure projects

strengthening consumer confidence on the market.

Eurozone: “Brexit” is a reality – A referendum was held by

United Kingdom (UK) on 23 June to allow British people vote

whether UK should exit or remain in the European Union (EU).

The outcome is not within the market expectation as 52%

voted for exit and 48% voted for UK to remain. Majority of exit

votes came from England and Wales whilst Scotland and

Northern Ireland voted to remain.

China’s industrial production remained - China industrial

value-added growth was maintained at a stable 6.0% yoy in

May. The output of cement and steel slightly rebounded for the

month, suggesting pickup from infrastructure and property

activities. Meanwhile, fixed-asset investment (FAI) growth

missed the consensus number of 10.5%, after came in at 9.6%

yoy. Private-sector FAI was reduced from 5.2% in April to

3.9% yoy for the month. State-sector FAI surged 23.3% for the

month, however failed to offset the drop in the private-sector

which made up 62% of total FAI.

Window to the World

A Peep into Malaysia

Source: Bloomberg Note: Percentage changes are in local currencies

FBMKLCI slipped in May – FBMKLCI declined 2.8% in May,

following April’s negative figure of 2.6%. The index closed at

1626.0 from 1672.7 the previous month. Foreign investors sold

RM4.3bil worth of stocks for the month as local market outlook

was marred by political uncertainties in light of recent Bi-

election and possibility of Brexit. Local institution turned net

buyer, buying RM4.0bil worth of shares followed by the local

retailer who bought RM243mil for the month of May.

Ringgit slumped on the negative sentiment – Ringgit

slumped by 5.7% to close at RM4.13 against US Dollar

compared to RM3.90 in the previous month. Ringgit’s sluggish

performance was on the back of weakened investor sentiment

following the default in sovereign fund bond. The weakening of

ringgit also contributed to the large foreign outflows from

Malaysian market as investors anticipate the US interest rate

hike in June.

Inflation rate hit 13-month low – Malaysia inflation rate rose

2.0%, the lowest rate since April 2015 and in line with the

economists’ estimate. Food and non-alcoholic beverages

extended decline for third successive months, moderated to

4.1% for the month. This was due to the decline of fresh fish

prices which had eased for two consecutive month and

personal care products and garments slid 0.3% and 0.1%

respectively. However, note that the price for fresh vegetable

continued to be in an upward momentum after registering a

strong increase of 4.8% M-o-M.

Source: Bloomberg

M-o-M

(%)

YTD (%)

China

-0.8%

-17.6%

Hong Kong

-1.2% -5.0%

Japan

3.4% -9.5%

Malaysia

-2.8% -3.9%

South Korea

-0.5% 1.1%

US 0.1% 2.1%

Markets Performance

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US rate hikes postponed indefinitely, unquantifiable Brexit risk (chain effect) Massive redemption from risk assets back to developed markets is unlikely due to lower likelihood of a fed rate hike due to the “Brexit” event. Brexit poses an unquantifiable risk to global growth and thus the equity markets as a whole. Over the short term, risk emanating from Scotland breaking away from Great Britain, to the existence of Euro could be questioned and also the new Prime Minister to be elected would cause volatility to equity markets as a whole. We expect further stimulus from central banks / governments including potential interest rate cuts in Malaysia. We think Malaysia could be a safe haven to the volatility abroad on the back of GLC/ EPF support to equity markets whilst a surprise general elections could spur the local markets and provide strength to the ringgit. We advocate, dividend funds/bond fund to ride out this volatility.

Lighting Up Your Path

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Actual PMB Model Portfolio* Illustrative PMB Islamic Model Portfolio*

Asset Allocation Return Asset Allocation Return

Mar-16 Apr-16 May-16 Jun-16 May-16 Mar-16 Apr-16 May-16 Jun-16 May-16

Kenanga Growth 25% 25% 25% 20% -0.8% Affin Hwang Aiiman Growth

25% 25% 25% - -0.3%

Aberdeen Islamic World Equity

- - - 4% 3.8% Eastspring Investments Dana al-Ilham

25% 25% 25% 25% -0.3%

Affin Hwang Select Asia Quantum

15% 15% 15% 15% 4.2% Kenanga Syariah Growth

25% 25% 25% 25% -0.3%

Eastspring Investments My Focus

5% 5% 5% 5% 1.6% Eastspring Investments Islamic Income

25% 25% 25% 25% 0.3%

Eastspring Investments Equity Income

15% 15% 15% 20% 2.1% PMB Shariah Agressive

- - - 25% 2.7%

RHB-OSK-GS US Equity

5% 5% 5% 5% 1.6%

Phillip Master Money Market

15% 15% 15% 15% 0.3%

CIMB Principal Asia Pacific Dynamic Income

7% 7% 7% 7% 6.8%

Manulife India Equity 6% 6% 6% 2% 8.2%

TA European 7% 7% 7% 7% 5.3%

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

PMB Model Portfolio

Eastspring Investments Equity Income gained 2.1%

but Kenanga Growth decreased marginally by 0.8%.

Both fund outperformed the FBMKLCI which fell

2.8% for the month. We increased our exposure to

Eastspring Equity Income to ride on the market

volatility in light of recent Brexit event.

Affin Hwang Select Asia Quantum gained 4.2% as

foreign fund flowed into South East Asia amid the

uncertainty in the developed markets. CIMB

Principal Asia Pacific Dynamic Income turned

positive, it rose 6.8% for the month, mainly fueled by

the surge in the fund’s top holdings. Housing

Development Finance Corporation (India), Ramsay

Health Ltd (Australia) and Tencent Holdings Ltd

(Hong Kong) surged 13.7%, 12.0% and 9.8%

respectively.

Source: PCM

Eastspring Investments MY Focus gained 1.6% in May, coming back from 1.0% drop in April. Berjaya Auto, which

is one of the top holdings gained 8.6% in May on the back of the positive sentiment on the management buyout

exercise involving Berjaya Auto reflecting the confidence in the company’s outlook.

The US exposure fund RHB-OSK-GS US Equity extended its growth by 1.6% for the month, outperforming the Dow

Jones Index which increased marginally by 0.1%. The fund recorded gain for the month as Apple, one of the fund

biggest holdings improved 7.2%, coming back from the steep drop in April following the earnings disappointment.

For our exposure in Eurozone, TA European Equity rose 5.3% for the month reflecting the improved economic

sentiment exceeding expectations. Manulife India Equity surged 8.8%, earmarking continuous uptrend momentum

after recovering from the slump in February this year. However, we had reduced our exposure to the fund on the

back of the recent resignation of the country’s Central Banker, and uncertainties on future economic landscape.

In May, our PMB Model portfolio increased 2.1%, outperforming FBMKLCI which dropped 2.8% for the month whilst

PMB Islamic portfolio slipped 0.2% in May.

Source: PCM

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Name % Growth

Name

% Growth

M-o-M YTD

M-o-M YTD

MALAYSIA CONVENTIONAL

ASIA

Equity

Equity

1 Eastspring Investments Small-Cap 1.9 0.9 18

Affin Hwang Select Asia (Ex Japan) Quantum

4.2 2.2

2 Kenanga Growth -0.8 -3.2 19 Affin Hwang Select Dividend 1.0 2.7

3 Eastspring Investments MY Focus 1.6 0.5

20 RHB China-India Dynamic Growth 6.6 -7.9

4 RHB Smart Treasure 0.0 -5.0

21 Affin Hwang Select Opportunity 1.3 1.8

5 Eastspring Investments Equity Income 2.1 4.0

22 CIMB-Principal Asia Pacific Dynamic Income

6.8 -2.3

Mixed Assets

6 Affin Hwang Select Balanced 1.7 1.9

Mixed Assets

7 RHB-OSK Smart Balanced 0.8 -0.7

23 Eastspring Investments Asia Select Income

2.5 -1.2

8 Eastspring Investments Balanced -0.7 -3.1

GLOBAL

Fixed Income Equity

9 AMB Income Trust 0.3 2.1

24 Eastspring Investments Global Basics MY

3.5 1.4

10 AmBond 0.5 2.7

25 Eastspring Investments Global Emerging Markets

3.2 -3.3

26 AmGlobal Property Equities 5.4 0.0

MALAYSIA (ISLAMIC) 27 Manulife India Equity 8.2 -3.1

Equity 28 TA European 5.3 -2.8

11 PMB Shariah Premier 0.4 -5.1

12 Affin Hwang AIIMAN Growth -0.3 -2.5

13 Eastspring Investments Dana al-Ilham -0.3 -4.6

14 Kenanga Syariah Growth -0.3 -3.0

15 CIMB Islamic Balanced Growth -0.3 -3.9

16 Dana Makmur Pheim -1.9 -3.0

Fixed Income

17 AmBon Islam 0.5 2.5

Tracking our Recommendations

Our recommended Malaysian equity funds outperformed the FBM KLCI which dropped 2.8% for the month. Kenanga Growth recorded negative returns in May, falling marginally by 0.8% m-o-m and 3.2% YTD .

In Asia Equity Category, CIMB Principal Asia Pacific Dynamic Income and RHB China-India Dynamic Growth both

jumped 6.8% and 6.6% respectively on the back of the improvement in the Indian market in May.

For the Fixed Income Category, we are of the view that investors may want to consider having exposures to fixed income funds as per our recommendations in light of near to medium term volatility post Brexit event.

For the Asian Mixed Asset Category, Eastspring Investments Asia Select Income rose 2.5% on the back on the strong performance of the Indian market. The fund however was dragged by the performance coming from China related securities as country-wise, the percentage allocation was quite similar.

All of our tracking funds in the Global Equity category recorded positive return in April led by Manulife India Equity,

which surged 8.2% in May. This was due to the 4.1% rise in Sensex Index coming from the improved corporate earnings and the positive view on the country as the fastest growing economy in the world in the first quarter.

Note: Preferred * Shariah Compliant # Watch list

Source: Lipper

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Name

Launch

Date

6-MTH

(%)

RETURN

YTD

(%)

1-YR

(%)

3-YR

(%)

STD DEV

1-YR

(%)

RTN/

RISK

RANK

ABS

(1-YR)

RANK

RAR

(1-YR)

Malaysia, Equity-Growth

Affin Hwang Equity 29/4/1993 0.91 -0.52 -1.6 -7.36 10.24 -0.11 11 11

Affin Hwang Growth 28/6/2011 0.43 -0.81 -2.03 -5.85 9.87 -0.16 13 15

E Affin Hwang Principled Growth 22/7/2009 0.46 -0.98 -4.05 -6.99 10.54 -0.34 23 26

E AMB Ethical Trust 7/1/2003 -0.18 -2.07 -6.42 3.81 10.98 -0.55 31 29

E AMB SmallCap Trust 3/3/2004 -2.63 -5.06 -6.74 0.94 13.76 -0.44 32 27

E AMB Unit Trust 26/3/1992 1.09 -0.88 -1.8 1.97 10.28 -0.13 12 14

E AMB Value Trust A MYR 7/1/2003 0.8 0.09 -3.39 -4.33 9.44 -0.32 22 23

E AmDividend Income 28/3/2005 -2.35 -4.6 -2.45 8.48 9.75 -0.21 15 17

E AmMalaysia Equity 15/10/2001 -1.24 -5.32 1.3 11.14 11.21 0.17 8 8

E AmTotal Return 10/1/1989 -0.92 -3.02 -5.77 -1.78 9.22 -0.60 28 34

Areca equityTrust 23/4/2007 2.82 -1.14 3.65 24.94 14.8 0.31 6 7

E CIMB-Principal Equity 1/8/1995 -0.75 -2.43 -2.57 5.81 8.79 -0.26 18 20

E CIMB-Principal Equity Aggressive 3 12/3/1998 -0.35 -1.51 0.93 0.53 11.9 0.13 9 9

E Eastspring Investments Equity Income 18/10/2004 4.58 4.02 6.24 22.51 8.93 0.72 3 1

E Eastspring Investments Growth 29/5/2001 -0.89 -4.29 -4.13 15.47 16.04 -0.19 25 16

Eastspring Investments MY Focus 1/3/2011 1.93 0.47 5.15 54.38 14.32 0.42 4 4

KAF Tactical 2/9/2004 -1.99 -3.19 -9.14 -26.09 14.54 -0.59 33 33

E Kenanga Growth 17/1/2000 -1.08 -3.21 3.3 39.49 12.37 0.32 7 6

Kenanga Malaysian Inc 9/11/2007 2.25 -1.4 4.24 18.79 12.85 0.38 5 5

Kenanga OA Inv-Kenanga Blue Chip 23/4/2004 1.01 -0.1 -4.67 -3.51 8.67 -0.51 27 28

E Kenanga Premier 26/11/1996 0.64 -0.89 -3.18 0.95 11.96 -0.21 20 18

E Libra DividendEXTRA 18/3/2005 1.37 2.68 -2.05 17.43 11.81 -0.12 14 12

E Libra EquityEXTRA 10/9/1999 -0.31 -0.01 -11.01 5.78 17.91 -0.56 34 30

Maybank Q-Opportunities 4/7/2011 -0.13 -1.93 -2.7 -5.05 8.99 -0.26 19 21

MIDF Amanah Dynamic 5/5/1976 -7.85 -10.29 -6.16 16.47 15.76 -0.33 30 25

MIDF Amanah Growth 2/12/1966 -3.66 -6.63 -2.53 5.13 13.46 -0.13 16 13

Phillip Master Equity Growth 18/6/2003 1.66 -1.34 7.96 14.9 16.02 0.56 2 3

E RHB Capital 12/4/1995 -0.51 -3.42 -4.12 -3.01 14.31 -0.23 24 19

E RHB KLCI Tracker 3/4/2000 -2.05 -3.38 -5.82 -4.1 9.68 -0.57 29 31

E RHB Malaysia Dividend 4/3/2008 -0.21 -3.68 0.47 2.08 13.9 0.10 10 10

E RHB Smart Treasure 7/9/2004 -1.58 -5.01 11.27 34.04 22.21 0.59 1 2

TA Comet 1/10/1999 -2.48 -3.93 -4.66 4.13 7.7 -0.58 26 32

TA Growth 1/7/1996 -0.96 -2.3 -2.55 0.74 8.16 -0.28 17 22

TA High Growth 7/6/2004 -0.18 -1.32 -3.25 -5.07 9.05 -0.32 21 24

AVERAGE -0.36 -2.28 -1.71 6.96 12.04 -0.13

Malaysia, Equity-Islamic Growth

Aberdeen Islamic Malaysia Equity A 17/1/2013 -0.71 -1.01 -4.31 -1.17 7.68 -0.54 26 30

Affin Hwang Aiiman Equity 1/8/2007 -0.19 -1.63 -3.27 -2.55 10.13 -0.28 21 24

E Affin Hwang Aiiman Growth 8/10/2002 -0.69 -2.45 -2.16 5.24 10.15 -0.17 17 18

AmanahRaya Islamic Equity 23/4/2008 -1.85 -5.34 0.43 2.78 11.86 0.09 7 7

E AMB Dana Ikhlas 17/9/2002 0.39 -0.15 0.15 7.54 6.44 0.05 8 9

E AMB Dana Yakin 24/11/2000 -2.51 -4.72 -3.75 -0.24 12.26 -0.25 25 23

AMB Shariah Value Plus A-MYR 16/6/2015 -1.91 -2.47

AMB Shariah Value Plus C-MYR 16/6/2015 -1.78 -2.39

E AmIslamic Growth 10/9/2004 -2.44 -5.81 -3.56 6.09 9.96 -0.32 24 26

E AmIttikal 12/1/1993 -1.86 -5.19 -2.74 4.5 9.94 -0.23 19 19

BIMB i Dividend 18/3/2011 -6.65 -9.07 -11.4 -14.66 13.54 -0.83 33 33

BIMB i Growth 30/6/1994 -6.06 -9.98 -17.07 -18.06 16.68 -1.03 34 34

CIMB Islamic Al-Azzam Equity 1/8/2012 -5.99 -9.17 -3.32 5.48 11.14 -0.25 22 22

E CIMB Islamic Equity Aggressive 15/6/1995 -0.61 -2.53 2.77 12.01 12.83 0.27 4 5

E Eastspring Investments Dana al-Ilham 14/8/2002 -1.76 -4.55 -0.58 26.97 11.25 0.00 12 12

E KAF Dana Adib 25/3/2004 -8.27 -9.88 -9.79 -3.28 13.1 -0.72 32 32

Kenanga Islamic 15/8/2002 -0.53 -1.93 0.13 9.03 10.03 0.06 9 8

E Kenanga OA Inv-Kenanga Ekuiti Islam 23/4/2004 0.78 -1.31 3.38 7.2 10.7 0.36 3 2

E Kenanga OA Inv-Kenanga Shariah Growth Opps

23/4/2004 -0.07 -1.69 1.15 10.41 11.33 0.15 6 6

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 Syariah Growth 29/1/2002 -1.42 -3.01 -0.47 10.69 10.59 0.00 11 11

Libra Amanah Saham Wanita 4/5/1998 -0.55 -0.52 -4.66 10.43 15.16 -0.24 27 21

Manulife Shariah-Dana Ekuiti 27/5/2013 0.72 -2.49 5.74 22.86 11.95 0.52 1 1

MIDF Amanah Islamic 14/5/1971 -4.98 -7.36 -0.96 16.48 13.91 0.00 13 13

Pacific Dana Dividen 26/7/2007 -3.22 -3.53 -5.09 2.44 12.14 -0.37 28 27

PMB Dana Al-Aiman 19/5/1997 -5.07 -8.56 -5.21 -1.56 10.76 -0.45 29 28

PMB Dana Bestari 3/10/2002 -4.36 -7.42 -3.04 0.05 10.82 -0.24 20 20

PMB Dana Mutiara 5/8/2004 -2.99 -7.17 -1.7 -2.16 11.39 -0.10 16 15

E PMB Shariah Aggressive 21/11/2005 -3.12 -9.15 5.15 33.79 18.78 0.36 2 3

PMB Shariah Dividend 21/7/2008 -2.39 -5.93 -2.45 11.85 13.61 -0.12 18 16

E PMB Shariah Growth 28/12/1972 -4.72 -9.51 -1.41 13.31 16.42 -0.01 14 14

E PMB Shariah Index 25/3/2002 -4.89 -7.19 -5.27 -0.72 10.68 -0.46 30 29

E PMB Shariah Premier 12/6/1995 0.5 -5.11 2.57 9.73 10.13 0.30 5 4

E PMB Shariah Tactical 29/10/1979 -2.82 -5.77 -3.42 1.37 10.02 -0.30 23 25

E RHB Dana Islam 26/10/2001 -2.43 -6.76 -0.37 9.68 14.49 0.04 10 10

RHB-OSK Islamic Growth 26/1/2004

TA Dana Fokus 17/6/2008 -2.74 -4.06 -6.81 -13.55 11.56 -0.55 31 31

TA Islamic 24/4/2001 -3.59 -6.65 -1.44 -2.3 8.76 -0.12 15 17

AVERAGE -2.52 -5.04 -2.43 5.28 11.77 -0.16

Malaysia Equity Small Cap

E CIMB-Principal Small Cap 20/4/2004 -4.62 -12.45 0.59 16.58 21.24 0.13 5 5

E Eastspring Investments Small-cap 29/5/2001 3.06 0.9 12.04 79.36 15.9 0.79 1 1

E KAF Vision 1/3/2000 -3.35 -8.07 5.39 44.19 17.82 0.38 3 3

E Kenanga OA Inv-Kenanga Growth Opportunities

23/4/2004 2.39 -0.01 3.08 20.02 12.77 0.30 4 4

MIDF Amanah Strategic 1/6/1970 -6.76 -9.39 -5.95 18.23 20.65 -0.20 6 6

E RHB Small Cap Opportunity 20/4/1998 6.07 -0.64 11.5 51.25 22.71 0.59 2 2

TA Small Cap 9/2/2004 -3.53 -3.84 -8.63 -10.31 12.5 -0.66 7 7

AVERAGE

-0.96 -4.79 2.57 31.33 17.66 0.19

Asia Equity Offshore

Affin Hwang China Growth 11/7/2011 -19.01 -19.61 -32.62 12.96 26.44 -1.33 48 48

Affin Hwang Select APAC ex-Japan REITs and Infra

25/4/2007 -0.14 -0.1 3.12 22.13 9.64 0.36 6 5

Affin Hwang Select Asia (ex Japan) Opportunity

18/7/2006 -0.29 0.29 -1.96 9.73 10.5 -0.14 18 23

Affin Hwang Select Asia (ex Japan) Quantum

15/4/2004 2.73 2.17 1.23 15.74 11.78 0.16 11 11

Affin Hwang Select Dividend 28/3/2011 3.32 2.69 2.23 14.8 7.16 0.34 8 6

E Affin Hwang Select Opportunity 7/9/2001 2.44 1.75 -1.72 8.43 8.64 -0.16 17 24

AmASEAN Equity 6/6/2011 1.33 -1.35 1.13 7.12 8.72 0.17 12 10

E AmAsia Pacific Equity Income 18/4/2012 -0.9 -1.93 -10.73 15.8 18.93 -0.51 39 38

AmAsia Pacific Leisure Dividend 25/2/2013 -3.56 -3.56 -3.19 -5.03 13.29 -0.18 26 25

AmAsia Pacific REITs B MYR 18/7/2011 9.56 7.74 16.11 36.91 9.02 1.71 1 1

AmAsia Pacific REITs Plus 1/7/2013 5.38 2.24 9.96 11.79 0.86 4 3

AmAsia-Pacific Property Equities 18/7/2006 0.78 -1.36 3.48 24.43 12.47 0.33 5 7

AmCumulative Growth 24/7/1996 -6.61 -6.18 -7.59 20.12 15.12 -0.45 37 35

CIMB-Principal ASEAN Equity 12/9/2007 0.35 -0.52 -2.58 2.99 11.1 -0.18 22 26

CIMB-Principal Asia Pacific Dynamic Income MYR

25/4/2011 -0.84 -2.27 -3.73 33.39 13.97 -0.21 28 29

CIMB-Principal China-India-Indonesia Equity

21/1/2010 -2.23 -5.13 -2.23 30.33 13.67 -0.10 19 20

E CIMB-Principal Equity Growth & Income 15/5/1991 -1.51 -2.58 -3.73 13.79 7.96 -0.44 29 34

CIMB-Principal Greater China Equity 12/6/2007 -5.11 -6.42 -10.76 46.96 18.88 -0.51 40 39

Eastspring Investments Asia Pacific Equity MY

21/7/2005 -6.64 -6.29 -13.94 12.61 17.93 -0.75 41 41

Eastspring Investments Dinasti Equity 26/10/2009 -5.81 -3.41 -2.52 32.55 16.05 -0.08 20 19

Eastspring Investments Indonesia Equity MY

27/4/2011 4.68 0.3 -3 -12.65 21.09 -0.05 25 18

Kenanga Asean Tactical Total Return 1/7/2015 1.28 -2.27

Kenanga Asia Pacific Total Return 11/7/2013 -5.26 -4.58 -7.04 13.61 -0.47 35 36

Kenanga Global Opportunities 21/6/2010 -7.74 -7.18 -3.28 -6.95 15.85 -0.14 27 22

Libra Consumer and Leisure Asia 18/7/2007 4.89 6.49 1.97 43.07 17.44 0.19 9 9

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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 8/4/2015 -9.41 -9.26 -16.54 13.68 -1.25 43 47

Manulife China Equity 7/1/2010 -13.57 -15.32 -22.39 24.33 19.94 -1.16 47 46

Manulife Equity Plus 29/12/2009 0.94 -1.2 0.18 10.39 9.79 0.06 14 15

Manulife Global Resources 7/1/2010 6.59 12.88 -0.03 -2.72 24.44 0.11 15 14

Manulife Investment Asia-Pacific REIT 7/6/2007 6.17 4.9 11.65 33.39 10.38 1.11 3 2

Manulife Investment Greater China 21/10/2008 -7.91 -6.68 -15.49 20.01 18.42 -0.82 42 42

Manulife Investment Indonesia Equity 19/10/2010 6.62 2.09 -4.32 -42.8 16.68 -0.19 32 28

Manulife Investment Pacific 23/6/2005 -2.24 -3.15 -0.53 24.57 17.37 0.05 16 16

Pacific Focus China 19/5/2009 -8.2 -7.68 -16.63 24.4 17.19 -0.97 44 45

Pheim Asia Ex-Japan 30/6/2006 -5.07 -6.21 -5.43 9.51 14.72 -0.31 33 33

RHB Asean 2/12/2009 2.94 1.6 2.43 3.63 15.24 0.23 7 8

RHB Asia Consumer 18/1/2010 -3.37 -3.95 -2.55 -10.26 14.05 -0.12 21 21

RHB Asia Financials 11/1/2011 -10.49 -10.22 -18.09 18.17 18.97 -0.95 46 44

RHB Asia Pacific 6/1/2006 -3.64 -1.57 -7.24 9.3 12.96 -0.52 36 40

RHB Asian Growth Opportunities 8/1/2008 -3.09 -2.96 -4.25 7.19 14.94 -0.22 31 30

RHB Big Cap China Enterprise 3/12/2007 -10.08 -10.42 -17.62 31.83 20.57 -0.83 45 43

RHB China-India Dynamic Growth 11/3/2010 -6.59 -7.9 -6.7 53.76 18.85 -0.28 34 32

RHB Emerging Opportunity 18/5/2004 0.06 -2.83 0.94 10.78 21.02 0.14 13 13

RHB Equity 8/8/1996 1.47 -2.02 -2.62 -11.25 19 -0.05 24 17

RHB Indonesia Equity Growth 4/4/2011 7.77 3.51 1.34 -11.89 16.57 0.15 10 12

E RHB Resources 16/5/2006 0.97 1.33 -7.83 -9.03 15.04 -0.47 38 37

RHB Singapore Income Feeder MYR 18/1/2016

TA Asian Dividend Income 15/8/2007 -1.21 -3.1 -4.01 19.74 14.02 -0.22 30 31

TA South East Asia Equity 28/11/2005 1.68 1.97 -2.6 7.56 11.17 -0.18 23 27

Templeton Asian Growth MYR A 21/9/2015 -8.63 -5.14

Templeton Asian Smaller Companies MYR A

7/10/2015 -0.39 0.16

United ASEAN Discovery 8/12/2014 5.94 4.15 13.47 17.14 0.82 2 4

AVERAGE

-1.60 -2.32 -4.09 13.63 15.07 -0.16

Equity Offshores-Others

Affin Hwang European Unconstrained-MYRH

9/11/2015 -4.15 -4.42

Affin Hwang Global Commodity 20/8/2007

Affin Hwang Global Equity MYR 23/11/2015 -3.76 -3.8

AmBRIC Equity 9/11/2009

AmCommodities Equity 19/7/2010 -5.46 0.51 -8.61 -4.91 18.41 -0.40 27 24

AmGlobal Agribusiness 3/5/2007 -7.19 -5.46 -10.94 4.03 18.26 -0.54 29 28

AmGlobal Emerging Market Opportunities 18/3/2008 -6.52 -4.28 -4.11 13.47 14.24 -0.23 17 18

AmGlobal Property Equities 25/10/2005 1.85 0.01 16.77 45.2 13.81 1.19 3 1

AmPan European Property Equities 6/3/2007 -0.23 -0.93 18.81 90.61 18.62 1.02 2 2

AmPrecious Metals 15/11/2007 44.5 44.24 16.41 -10.72 49.1 0.52 4 6

AmSchroder European Equity Alpha 8/8/2006 -2.71 -4.06 4.59 40.35 15.84 0.36 10 10

CIMB-Principal Australian Equity 20/3/2010 2.71 -2.45 -4.49 8.11 16.84 -0.19 18 17

CIMB-Principal Global Titans 18/7/2005 -5.91 -5.36 4.14 54.03 14.63 0.35 11 12

Eastspring Investments Global Basics MY

17/1/2007 1.19 1.41 2.93 22.37 14.89 0.26 14 14

Eastspring Investments Global Emerging Markets

11/1/2008 -4.66 -3.31 -6.08 10.98 14.77 -0.35 21 22

Eastspring Investments Global Leaders MY

23/3/2006 -4.66 -3.6 4.99 36.81 18.28 0.36 9 11

Franklin U.S. Opportunities MYR 8/5/2013 -5.98 -4 -7.31 31.35 16.41 -0.38 24 23

Global Multi-Asset Income MYR 17/3/2014 1.68 2.91 -0.64 6.51 -0.07

KAF Global Diversified Property 9/8/2007

KAF Global Equities 19/5/2006

Kenanga Global Dividend 19/3/2007 -4.25 -2.34 3.2 35.81 14.11 0.29 13 13

Manulife India Equity 7/1/2010 0.9 -3.09 6.43 65.94 19.16 0.42 8 8

Manulife Investment U.S. Equity 21/10/2009 -3.17 -3.38 8.41 57.44 12.53 0.70 6 4

Pacific Asia Brands 20/1/2006 -6.14 -6.05 -10.18 9.84 17.66 -0.52 28 27

Pacific Focus18 16/6/2005 -6.27 -5.1 -8.51 1.48 15.61 -0.50 26 26

Pacific Glb Agriculture, Infra And Resources

12/4/2010 1.17 2.27 -6.09 -5.67 18.15 -0.26 22 19

Pacific Global Stars 20/7/2006 -6.54 -5.81 -1.28 16.79 14.01 -0.03 16 16

RHB Agriculture 11/8/2011 -3.03 -2.29 -5.88 -38.9 2.92 -2.05 20 31

RHB Global Equity Yield 9/11/2005 -9.9 -8.83 -7.19 24.61 19.65 -0.28 23 20

- 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)

RHB Global Food Islamic Equity 11/8/2011 2.13 1.93 3.55 18.73 9.6 0.41 12 9

RHB Global New Stars 24/1/2007 -11.55 -9.54 -17.34 -8.33 16.97 -1.03 31 30

RHB Global Themes 5/1/2007

RHB Gold And General 21/7/2009 50.39 48.65 25.34 9.8 50.47 0.66 1 5

RHB US Focus Equity 15/10/2010 2.69 5.33 1.44 37.03 15.66 0.16 15 15

RHB-GS BRIC Equity 11/1/2011

RHB-GS US Equity 18/5/2011 -6.7 -5.59 -7.39 22.41 19.36 -0.31 25 21

TA BRIC and Emerging Markets 25/2/2010 -3.15 -0.23 -5.72 11.16 11.96 -0.44 19 25

TA European Equity 20/3/2007 -3.57 -2.84 8.43 49.53 11.32 0.77 5 3

TA Global Technology 26/5/2011 -6.26 -5.94 7.69 59.1 17.52 0.50 7 7

Templeton Global Equity MYR A 13/4/2015 -5.6 -2.31 -13.4 17.08 -0.76 30 29

AVERAGE -0.53 0.07 0.25 23.62 17.32 -0.76

Asia Equity Offshore Islamic

Aberdeen Islamic APAC ex Japan Equity A MYR

2/12/2015 -1.81

Aberdeen Islamic World Equity A MYR 17/1/2013 -3.15 -0.39 -0.75 30.29 12.97 0.00 1 1

Affin Hwang Aiiman Asia (ex Japan) Growth MYR

14/12/2015 3.12

AmIslamic Greater China 8/11/2010 -8.48 -8.93 -21.15 -17.38 16.03 -1.39 8 8

AmOasis Global Islamic Equity 21/4/2006 -4.39 -4.62 -3.16 27.74 11.56 -0.22 4 4

BIMB-Arabesque i Global Dividend 1 - MYR

5/11/2015 -4.16 -4.98

CIMB Islamic Asia Pacific Equity 2/6/2006 -3.18 -4.95 -2.28 27.71 12.57 -0.12 2 3

Eastspring Investments Asia Pacific Shariah Equity

22/11/2007

Manulife Investment Shariah Asia-Pacific 16/1/2008 -3.26 -3.84 -6.34 4.04 14.21 -0.39 6 6

Namaa' Asia-Pacific Equity Growth 15/8/2008 -10.36 -9.87 -10.47 -1.46 11.1 -0.94 7 7

Pheim Asia Ex-Japan Islamic 1/11/2006 -2.14 -5.01 -4.94 15.28 13.97 -0.30 5 5

RHB Islamic Asean Megatrend MYR 26/4/2016

RHB Islamic Global Developed Markets MYR

28/5/2015 -7.59 -5.58 -2.38 13.06 -0.12 3 2

RHB-OSK Asia Pacific Maqasid 23/2/2010 AVERAGE -5.19 -4.26 -6.43 12.32 13.18 -0.44

Malaysia Mixed Assets

Affin Hwang Aiiman Select Income 1/3/2013 2.54 1.86 2 7.56 4.51 0.46 13 12

Affin Hwang Select Balanced 28/7/2003 2.07 1.86 0.92 7.94 5.25 0.20 17 15

E Affin Hwang Select Income 6/1/2005 1.48 1.43 4.24 18.21 4.17 1.02 8 5

Affin Hwang Select SGD Income MYR 1/8/2012 2.15 0.43 7.25 27.64 10.01 0.75 3 9

Affin Hwang Tactical 10/8/2010 2.43 0.92 -1.71 -2.6 9.65 -0.13 28 27

E AMB Balanced Trust 19/9/1994 2.1 0.82 1.84 9.53 6.43 0.31 14 13

E AMB Index-Linked Trust 16/5/2002 -2.22 -3.58 -5.37 -2.47 8.7 -0.59 31 33

E AmBalanced 16/9/2003 -0.58 -2.48 -3.27 -1.29 6.69 -0.47 30 30

E AmConservative 16/9/2003 2.78 1.65 4.44 12.65 4.16 1.07 7 4

E Eastspring Investments Balanced 29/5/2001 -0.02 -3.1 -1.68 25.89 13.22 -0.06 27 25

Eastspring Investments Dynamic 6/11/2003 -0.19 -3.26 -0.53 43.73 14.02 0.03 22 21

InterPac Cash 25/7/2007 1.6 1.32 3.19 8.4 0.04 82.36 10 1

InterPac Dynamic Equity 25/7/2007 2.52 1.23 5.11 -5.58 4.54 1.12 5 3

E KAF Enhanced Bond 30/1/2002 4.14 3.74 3.69 12.69 4.09 0.91 9 8

KAF First 16/1/1996 0.4 -2.48 2.31 17.74 8.33 0.31 12 14

E KAF Jade 1/11/2006 -7.79 -7.57 -10.98 9.49 18.79 -0.53 35 31

E Kenanga Balanced 23/5/2001 0.55 -1 0.6 6.07 7.5 0.12 19 19

Kenanga OA Inv-Kenanga Diversified 23/4/2004 0.82 -1.44 0.44 3.69 10.16 0.09 20 20

Kenanga OA Inv-Kenanga Managed Growth

23/4/2004 1.3 -1.11 1.25 3.59 9.32 0.18 15 16

E Libra Resource Equity 18/3/2011 -4.6 -4.39 -10.13 16.67 -0.56 33 32

Libra TacticalEXTRA 18/3/2005 -0.18 0.17 -10.79 -0.91 14.89 -0.69 34 35

E Maybank Q-Target Return 4/7/2011 1.8 0.62 -0.45 0.4 5.97 -0.05 21 24

E Pacific SELECT Balance 11/8/2003 -3.12 -2.8 -6.13 -3.81 9.79 -0.60 32 34

Pacific SELECT Income 11/8/2003 -0.41 -0.33 -1.47 1.01 3.47 -0.41 26 29

Pheim Emerging Companies Balanced 28/1/2002 -1.96 -3.74 -1.89 11.89 10.03 -0.14 29 28

E Pheim Income 28/1/2002 0.31 -0.77 3.02 10.91 3.2 0.95 11 7

E RHB Goldenlife 2020 21/2/2005 1.39 -2.12 1.02 8.28 10.18 0.15 16 17

E RHB Goldenlife 2030 21/2/2005 1.61 -2.85 0.73 9.57 14.78 0.12 18 18

- 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 RHB Goldenlife Today 21/2/2005 3.94 1.96 4.9 13.47 3.79 1.28 6 2

E RHB Growth And Income Focus 7/1/2005 0.7 -2.21 6.34 25.44 15.69 0.47 4 11

E RHB Kidsave 10/5/1999 -1.14 -3.63 -1.43 2.3 13.79 -0.04 25 23

E RHB Smart Balanced 7/9/2004 1.91 -0.74 7.42 39.28 15.95 0.53 2 10

E RHB Smart Income 7/9/2004 3.37 1.16 8.86 27.58 9.34 0.96 1 6

Malaysia Mixed Assets-Islamic

Affin Hwang Aiiman Balanced 11/11/2001 1.34 0.36 -0.48 -0.39 7.57 -0.03 10 10

AmIslamic Balanced 10/9/2004 0.37 -1.21 1.36 10.65 6.93 0.23 8 8

E BIMB Dana Al-Falah 27/12/2001 -7.85 -9.95 -18.99 -21.4 15.01 -1.32 18 17

BIMB Dana Al-Munsif 27/12/2001 -2.93 -4.86 -12.25 -13.12 9.99 -1.25 16 16

CIMB Islamic Balanced Growth 26/5/2003 -1.89 -3.9 -1.27 6.65 6.93 -0.15 12 12

E CIMB Islamic Enhanced Sukuk 23/2/2005 1.22 -0.14 2.25 8.52 3.2 0.71 5 2

E Dana Makmur Pheim 28/1/2002 -0.24 -3.03 4.62 22.62 9.51 0.52 3 3

E Eastspring Investments Dana al-Islah 14/8/2002 0.95 0.06 1.43 7.37 3.31 0.44 7 5

E Eastspring Investments Dana Dinamik 25/2/2004 -1.03 -2.85 2.93 23.61 11.46 0.31 4 6

E InterPac Dana Safi 25/7/2007 1.73 0.36 4.82 -4.42 4.11 1.17 2 1

KAF Dana Alif 26/2/2003 -4.85 -6.13 -5.76 -0.28 9.1 -0.61 15 15

E Kenanga Islamic Balanced 6/12/2004 0.07 -1.14 0.84 7.41 6.63 0.16 9 9

E Kenanga OA Inv-Kenanga Shariah Balanced

23/4/2004 -4.74 -5.23 -12.84 -22.74 9.14 -1.45 17 18

Libra SyariahEXTRA 1/1/2003 2.15 2.19 1.9 17.34 7.81 0.28 6 7

E PMB Shariah Balanced 8/12/1997 -0.81 -3.01 -0.71 9.65 6.16 -0.09 11 11

RHB Dana Hazeem 18/2/2013 -0.73 -4.21 7.2 19.99 17.38 0.48 1 4

RHB Mudharabah 9/5/1996 -2.56 -4.08 -3.98 -7.55 8.94 -0.41 14 14

E TA Dana Optimix 17/1/2005 -4.7 -7.17 -3.15 -3.39 8.54 -0.34 13 13

AVERAGE -1.36 -3.00 -1.78 3.36 8.43 -0.08

Mixed Assets Offshore

Affin Hwang Select AUD Income MYR 18/3/2010 0.83 -1.91 9.9 17.4 11.11 0.9 1 2

AmAustralia 15/3/2011 -0.63 -3.7 2.45 17.82 13.05 0.25 5 5

Amundi International 3/9/2015 2.68 2.68

Eastspring Investments Asia Select Income 18/11/2005 -1.04 -1.22 0.11 21.9 6.62 0.05 7 7

Eastspring Investments Enhanced Income 28/5/2007 0.31 -0.1 -0.55 11.32 4.32 -0.11 8 10

KAF Core Income 2/9/2004 5.65 4.33 -2.05 7.86 14.71 -0.07 10 9

E Libra IncomeEXTRA 10/9/1999 6.19 6.36 3.26 29.27 9.33 0.39 4 4

Pacific Income 18/8/2000 -0.18 -0.79 -2.63 0.07 5.44 -0.46 11 11

Pacific Real Opportunities Absolute Return 21/4/2016

RHB Asian Income MYR 5/6/2012 2.08 1.98 9.02 34.81 9.28 0.98 2 1

RHB Golden Dragon 8/5/2007 -8.09 -7.69 -14.03 20.06 14.25 -0.99 13 12

RHB-OSK Muhibbah Income 12/3/2007

TA Asia Pacific Islamic Balanced 7/11/2006 -4.85 -4.46 -1.07 12.26 9.57 -0.07 9 8

TA Global Asset Allocator 12/6/2006 -6.13 -5.94 1.43 21.56 12.69 0.17 6 6

Templeton Global Balanced MYR A 5/5/2015 -3.95 -1.31 -13.34 13.57 -0.99 12 13

United Bond & Equity Strategic Trust 8/9/2014 1.73 0.36 5.57 8.89 0.65 3 3

AVERAGE -0.39 -0.82 -0.15 17.67 10.22 0.05

Fixed Income

Affin Hwang Bond 12/12/2001 2.89 2.55 3.79 9.45 1.28 2.93 20 10

Affin Hwang Select Bond 28/7/2003 2.88 2.64 6.44 19.76 2.31 2.72 9 15

AmanahRaya Unit Trust 21/9/2006 2.89 2.36 3.58 9.43 1.31 2.69 22 17

E AMB Dana Arif A MYR 27/4/2004 2.58 2.08 3.66 13.99 0.89 4.03 21 6

E AMB Dividend Trust 6/6/2006 1.28 0.43 -2.02 12.58 6.59 -0.28 32 32

AMB Enhanced Bond Trust 27/5/2003 2.3 1.46 3.33 12.26 3.18 1.05 27 30

AMB Lifestyle Trust Today 25/11/2004 4.48 2.67 5.48 15.9 3.57 1.51 12 24

E AmBond 20/1/2000 3.36 2.74 4.12 7.2 2.16 1.89 17 21

E AmConstant Multi Maturity 18/11/2010

AmConstant Multi Maturity 2 17/10/2011

AmDynamic Bond 16/9/2003 3.14 2.22 5.02 11.51 2.72 1.82 13 22

E AmIncome Plus 17/6/2004 1.9 1.54 3.43 9.73 0.36 9.3 25 1

- 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)

E AmTactical Bond B MYR 29/10/2012 4.56 3.5 11.33 15.64 4 2.71 5 16

Amundi Bond Global Aggregate 3/9/2015 0 0 E Areca incomeTrust 23/4/2007 2.14 1.76 3.22 9.44 0.7 4.51 28 4

CIMB-Principal Bond 15/11/1995 2.64 2.03 3.37 9.88 1.14 2.91 26 12

CIMB-Principal Strategic Bond 23/3/2004 2.99 2.63 3.53 7.67 1.36 2.55 24 18

E Eastspring Investments Bond 29/5/2001 2.76 2.28 4.62 19.61 1.15 3.94 15 7

Eastspring Investments Bond Plus 1/4/2013 2.46 2.18 4.53 11.13 0.9 4.94 16 2

Franklin Malaysia Sukuk A MYR 18/11/2015 2.25 2.02

Franklin Malaysia Sukuk I MYR 18/11/2015 2.51 2.24 E KAF Bond 1/11/2006 3.71 3.34 5.54 15.36 1.6 3.38 11 8

Kenanga Bond 15/8/2002 2.23 1.85 2.66 5.66 0.92 2.85 30 13

Kenanga Global Emerging Markets Debt 22/7/2008

Kenanga OA Inv-Kenanga Income Plus 23/4/2004 2.55 2.06 3.03 7.39 1.08 2.78 29 14

Libra BondEXTRA 8/10/2002 5.29 4.2 6.57 16.86 2.19 2.92 8 11

Libra Strategic Opportunity 1/11/2012 -64.44 -75.35 -67.9 -65.21 71.22 -1.2 35 35

Manulife Bond Plus 29/12/2009 1.7 1.21 4.67 11.26 0.99 4.64 14 3

Maybank Financial Institutions Income 17/12/2009 2.37 2.03 3.54 10.33 0.83 4.23 23 5

Maybank Global Bond 4/11/2013 -6.65 -4.18 -0.51 7.73 -0.03 31 31

Maybank Q-Income 4/7/2011 0.42 0.36 6.43 10.76 5.2 1.23 10 26

Opus Dynamic Income 11/5/2009 3.43 3.11 4 12.51 1.88 2.1 18 19

RHB Asian High Yield-MYR 8/6/2015 5.26 6.1

RHB Asian Total Return 26/2/2007 -0.48 -0.76 15.48 40.44 12.67 1.2 1 27

RHB Emerging Markets Bond 3/1/2012 0.62 2.08 13.74 36.48 11.96 1.14 3 29

E RHB Energy 23/3/2009 17.83 18.88 15.46 -2.15 10.86 1.38 2 25

RHB Income 1 18/4/2001

RHB Income 2 26/2/2003 3.39 2.89 3.97 12.3 2.49 1.57 19 23

TA All-Cycle Commodities Income 4/5/2009 3.64 1.61 6.85 14.37 3.29 2.03 7 20

TA Total Return Fixed Income 1/10/2012 1.37 0.65 10.78 24.65 9.14 1.17 6 28

Templeton Asian Bond MYR 5/2/2013 -1.69 -0.56 -9.17 -9.2 8.63 -1.07 34 34

Templeton Global Total Return MYR 14/11/2012 -4.55 -1.67 -7.96 -4.88 9.01 -0.88 33 33

United Asian High Yield MYR 30/6/2015 1.06 1.12

United Income Plus 9/2/2015 2.34 0.79 11.48 3.72 2.95 4 9

United RMB Income & Growth MYR 28/11/2013

AVERAGE 0.74 0.23 2.75 10.06 5.69 2.33

Fixed Income Islamic

Affin Hwang Aiiman Global Sukuk MYR 14/12/2015

(2.28)

Affin Hwang Aiiman Income Plus 28/6/2004 3.25 2.82 4.01 9.65 1.47 2.68 6 9

E AmanahRaya Syariah Trust 21/9/2006 2.92 2.39 3.26 8.43 1.28 2.51 12 10

AMB Income Trust 19/6/1996 2.84 2.07 4.37 27.21 1.07 3.99 4 4

E AmBon Islam 26/11/2001 3.08 2.52 3.61 9.57 1.97 1.81 8 13

AmDynamic Sukuk A 12/6/2012 3.9 3.27 4.74 12.58 2.27 2.06 3 12

BIMB Dana Al-Fakhim 13/9/2012 1.69 1.42 3.29 9.24 0.08 43.03 10 1

CIMB Islamic Enhanced Sukuk 23/2/2005 1.22 -0.14 2.25 8.52 3.2 0.71 14 15

Eastspring Investments Dana Wafi 21/2/2005 2.53 2.18 3.29 9.02 1.01 3.21 11 6

Kenanga OA Inv-Kenanga Bon Islam 23/4/2004 1.59 1.32 1.29 3.25 1.19 1.08 15 14

E Libra ASnitaBOND 18/3/2005 4.56 3.66 5.9 15.25 1.31 4.38 2 3

Libra Dana Safa 1/12/2009 2.15 1.81 3.92 11.7 0.21 18.69 7 2

Manulife Shariah-Dana Sukuk 27/5/2013 2.85 2.52 3.36 8.57 1.54 2.15 9 11

Opus Shariah Income 18/9/2013 3.33 2.96 4.18 1.37 2.99 5 7

Pacific Dana Murni 25/3/2003 2.4 1.98 3.22 9.1 0.91 3.50 13 5

RHB Islamic Bond 25/8/2000 4.47 3.49 7.17 18.36 2.37 2.94 1 8

AVERAGE 2.85 2.00 3.86 11.46 1.42 6.38

The Mechanism

1) Superior ranking based on risk-adjusted-return.

2) Commendable ranking based on absolute return.

3) Fund size (minimum RM25 million)

4) Check on short-term return (1-month or 3-month returns)

5) Check top holdings and sectors allocation

6) Qualitative evaluations (if needed)

Note: ABS denotes ranking based on absolute return RAR denotes ranking based on risk-adjusted return - YTD is from 31/12/2015 to 31/05/2016.

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

- 12 -

12

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

- 13 -

13

Date KLCI m-o-m %

Change PMB Portfolio

m-o-m %

Change

PMB Islamic

Portfolio

m-o-m %

Change

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Appendix

- 14 -

14

Date KLCI m-o-m %

Change PMB Portfolio

m-o-m %

Change

PMB Islamic

Portfolio

m-o-m %

Change

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

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

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

Sep-12 1636.66 -0.6 168.2 0.0 159.9 -0.2

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

* Performance includes income distribution of funds using reinvestment method.