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34q234q

Mar 2016

Phillip Funds Focus A MONTHLY NEWSLETTER EXCLUSIVELY FOR

INVESTMENT PROFESSIONALS

US continued its longest uninterrupted job gain in February, easing fears that the

economy was heading into recession and allow the Federal Reserve to gradually raise interest rates this year. Nonfarm payrolls added 242,000 jobs for the month, holding the unemployment rate at an eight-year low of 4.9%. However, the average hourly earnings was reported down by three cent, as payback for January rose by 0.5%. The strong job report increased the chances for borrowing costs hike, however continuous slowdown in China and tumultuous stock market could dampen the Fed intention.

China's Caixin Purchasing Managers’ Index (PMI) fell to 48.0 in February, which was

below market expectations of 48.3 and January’s reading of 48.4. China’s factory has been under pressure from weak demand at home and abroad and massive overcapacity in key industries such as steel and coal, diluting the impact of six central bank interest rate cuts and a series of other support measures since 2014. The weak demand abroad can be seen from the sharp plunge in the trade surplus, came in at USD32.6bil from USD63.3bil in January. For the month, China’s exports slumped 25.4% Y-o-Y whilst imports declined by 13.8% from a year earlier. This large slump in exports reflected the unusually late Lunar Year in China.

Eurozone inflation turned negative again, recording -0.2% in February. The

unpleasant figure comes more from core inflation which stood at +0.7% which is the lowest in a year. This was mainly due in part to statistical volatility and deferred transmission of oil price's decline to other sectors.

Asian bourses performance were mixed in February, with Jakarta Composite Index (JCI), Stock Exchange of Thailand (SET) and Straits Times Index (STI) recording positive returns of 3.4%, 2.4% and 1.4% respectively whilst others declined. Philippines Composite Index (PCOMP) slipped 0.3% and FTSE Bursa Malaysia KLCI (FBMKLCI) inched down 0.8% for the month.

Nymex WTI crude oil increased marginally by 0.4% to $33.8/barrel in February from

$33.6/barrel in the prior month while Brent crude oil gained 3.5% from $34.7/barrel in January to $35.9/barrel in February. CPO gained 5.5% for the month to close at RM2, 479.0/MT from RM2, 349.0/MT in January. Gold jumped 10.6% from RM1, 116.4 in January to RM1, 234.4 in February.

Moving forward, the US interest rate hike decision and China economic data remain

the main focus to watch out for. We are relatively positive on local bourse, with limited downside risk persists given that positive foreign inflows into the emerging markets amid the negative interest rate environment and slowdown in the developed markets. We made 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: January ISM Nonmanufacturing PMI eased further –

The ISM Non-Manufacturing PMI came out at 53.4, declined

marginally by 0.1 percentage point from 53.5 recorded in

January. This marked the lowest reading since February of

2014 as new orders and price decreased. The new order index

registered at 55.5, lowered 1 percentage point from 56.5

registered in January whilst the price index decreased 0.9

percentage point from January reading of 46.4 to 45.5.

ECB expand stimulus with more QE, lower rates – Mario

Draghi, delivered interest-rate cuts, more bond purchases and

potential subsidy to lenders in a renewed counter against

deflation. The interest rate was reduced by 10 bps to minus

0.4% and lowered its benchmark rate to zero. Corporate bonds

will now be eligible under its bond purchasing program and

increased to 80 billion euros (USD 87 billion) a month from 60

billion euros. A new series of long-term loans to banks will

begin in June to increase liquidity and stimulate market.

China cuts Banks’ Reserve Requirement Ratio (RRR) –

People’s Bank of China (PBOC) cuts the RRR by 50 basis

point, to 17% effective on March 1st. This would inject about

685 billion yuan (USD105 billion) into the financial system,

based on Bloomberg estimate. PBOC lowered the RRR to

guide stable and appropriate growth in credit, which then

would create appropriate monetary and financial condition for

supply-side structural reform. China announced during the

National People’s Congress that it is setting GDP growth

target of 6.5% to 7.0% and deficit of 3%.

Window to the World

A Peep into Malaysia

Source: Bloomberg Note: Percentage changes are in local currencies

FBMKLCI dropped marginally in February– FBMKLCI

inched down marginally at 0.8% in February to close at 1654.8

from 1667.8 in the previous month. Foreign investors bought

total of RM433mil in February and local retailers bought total of

RM45mil. Local institution on the other hand took to chance to

offload some of their positon, sold RM478mil in February.

Ringgit flattish performance in February – Ringgit

weakened by 1.3% to close at RM4.20 against US Dollar

compare to RM4.15 in the previous month but remained on the

positive note for year-to-date, strengthening at 2.1%. Forex

reserves on the other hand stabilized at RM410.5bn at end of

Feb 2016, which sufficient to finance 8.3 months of retained

imports and 1.2 months of short-term debt. In US dollar terms,

forex reserves increased USD 0.1bn, coming at USD 95.6bn at

end of Feb 2016

Export contracted in January – Export growth m-o-m in Jan

2016 slipped 9.4% following the historical cycles whereby

exports contracted every month of January for at least past 10

years. However, this drop caused exports to contract y-o-y by

2.8% whilst import growth saw some uptick, albeit marginally

by 3.3%. Thus led the trade surplus to narrow to RM5.4b in

January, the smallest since August 2015.

Source: Bloomberg

M-o-M

(%)

YTD (%)

China

-1.8%

-24.1%

Hong Kong

-2.9% -12.8%

Japan

-8.5% -15.8%

Malaysia

-0.8% -2.2%

South Korea

0.2% -2.3%

US 0.3% -5.2%

Markets Performance

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US interest rate unchanged in March and the negative interest rate environment to benefit emerging economies Foreign investors started to stage a comeback into emerging markets after dumping shares for the first three weeks of 2016. As of February end, foreign investor have turned net buyer at RM433mil whilst the cumulative year-to-date outflow for 2016 have shrunk to RM436mil from RM869mil in January. The average daily traded value of shares kept at RM1.03bil, which was a rare occurrence for the Malaysian market since first of April 2013, prior to General Election. A confluence of factors brought foreign funds back to emerging markets namely Japan as it introduced negative interest rates, ECB expanded its stimulus packages, China reducing RRR rates and US Fed guiding interest rate increase for 2016 to 0.5% from 1.0%. Whilst we expect the fund flow and negative/ low interest rate environment to be long term positive for the emerging markets, we are also cautious as earnings continue to be weak and thus the upswing may not be sustainable.

Lighting Up Your Path

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Actual PMB Model Portfolio* Illustrative PMB Islamic Model Portfolio*

Asset Allocation Return Asset Allocation Return

Nov-15 Dec-15 Jan-16 Feb-16 Feb-16 Nov-15 Dec-15 Jan-16 Feb-16 Feb-16

Kenanga Growth 15% 25% 25% 25% 0.1% Affin Hwang Aiiman Growth

25% 25% 25% 25% -0.1%

Affin Hwang Select Asia Quantum

15% 15% 15% 15% 2.2% Eastspring Investments Dana al-Ilham

25% 25% 25% 25% -1.0%

Eastspring Investments My Focus

5% 5% 5% 5% -0.2% Kenanga Syariah Growth

25% 25% 25% 25% 0.3%

Eastspring Investments Equity Income

10% 15% 15% 15% 0.6% Eastspring Investments Islamic Income

25% 25% 25% 25% 0.3%

RHB-OSK-GS US Equity

5% 5% 5% 5% -0.1%

Phillip Master Money Market

30% 15% 15% 15% 0.3%

CIMB Principal Asia Pacific Dynamic Income

7% 7% 7% 7% 2.6%

Manulife India Equity 6% 6% 6% 6% -8.0%

TA European 7% 7% 7% 7% 0.2%

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

PMB Model Portfolio

Kenanga Growth inched up marginally at 0.1% in

February, outperforming FBMKLCI which declined

0.8% for the month. The fund’s top holdings, United

U-Li and Hup Seng Industries gained 4.7% and

1.6% respectively.

Affin Hwang Select Asia Quantum gained 2.2% in

February, rebounded after registering negative

return last month. CIMB Principal Asia Pacific

Dynamic Income rebounded 2.6% in February amid

the economic anxieties across the region. Singapore

and Australia stocks such as Ramsay Health Care

(Australia), Singapore Telecommunications and

Comfortdelgro Group (Singapore) gained 9.3%,

6.3% and 6.4% respectively.

Source: PCM

Eastspring Investments MY Focus recorded marginal loss at 0.2% in February. This was mostly contributed by

the weak performance of their top holdings, Gamuda and IJM Corp which declined 2.8% and 0.6% respectively

but cushioned by United U-Li strong performance of 4.7%. Eastspring Investments Equity Income gained 0.6%

for February.

The US exposure fund RHB-OSK-GS US Equity inched down 0.1% for the month, underperformed the Dow

Jones Index which gained 0.3% in February. For our exposure in Eurozone, TA European inched higher at 0.2%

whilst Manulife India Equity continues to plunge at 8.0%. The main holdings such as Infosys Limited and

Hindustan Unilever were in positive territory, however other holdings were in the red for the month.

In January, our PMB Model portfolio gained 0.38%, outperforming FBMKLCI which fell marginally at 0.8% for the

month whilst PMB Islamic portfolio dropped -0.2%.

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 0.2 -2.4 18

Affin Hwang Select Asia (Ex Japan) Quantum

2.2 -5.1

2 Kenanga Growth 0.1 -3.5 19 Affin Hwang Select Dividend 1.4 -0.7

3 Eastspring Investments MY Focus -0.2 -3.2

20 RHB China-India Dynamic Growth -4.4 -17.9

4 RHB Smart Treasure -0.6 -4.4

21 Affin Hwang Select Opportunity 1.3 -1.7

5 Eastspring Investments Equity Income 0.6 0.5

22 CIMB-Principal Asia Pacific Dynamic Income

2.6 -6.8

Mixed Assets

6 Affin Hwang Select Balanced 0.8 -1.0

Mixed Assets

7 RHB-OSK Smart Balanced 0.4 -3.1

23 Eastspring Investments Asia Select Income

-1.3 -5.9

8 Eastspring Investments Balanced 0.1 -2.9

GLOBAL

Fixed Income Equity

9 AMB Income Trust 0.1 0.5

24 Eastspring Investments Global Basics MY

4.9 -6.2

10 AmBond 0.4 1.1

25 Eastspring Investments Global Emerging Markets

0.3 -10.4

26 AmGlobal Property Equities 2.4 -6.2

MALAYSIA (ISLAMIC) 27 Manulife India Equity -8.0 -16.3

Equity 28 TA European 0.2 -7.0

11 PMB Shariah Premier -0.8 -3.5

12 Affin Hwang AIIMAN Growth -0.1 -2.8

13 Eastspring Investments Dana al-Ilham -1.0 -4.4

14 Kenanga Syariah Growth 0.3 -3.3

15 CIMB Islamic Balanced Growth -0.7 -3.1

16 Dana Makmur Pheim 0.4 -1.8

Fixed Income

17 AmBon Islam 0.1 0.9

Tracking our Recommendations

Most of our recommended Malaysian equity funds outperformed the FBM KLCI which dropped 0.8% in February. Eastspring Investments Equity Income gained 0.6% for the month, placing itself as one of the best performing fund amongst its peers. Top holding stocks in the fund such as Bursa Malaysia and Berjaya Auto gained 2.4% and 1.4% respectively to set off the losses from the other holdings.

In Asia Equity Category, all our tracking recommendation recorded positive returns in February, with RHB China-India

Dynamic Growth being the sole exemption. RHB China-India Dynamic Growth dropped 4.4% for the month as China and Hong Kong index retreated 1.8% and 2.9% 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, Eastspring Investment Select Income fell 1.3% for the month of February, attributed by the slump in its feeder fund, Eastspring Investments Dragon Peacock Fund which slipped 3.2% for the month.

All our funds in the Global Equity category rebounded from the selling pressure experienced in January. Manulife

India Equity dived 8% whilst other fund landed in the positive territory.

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 5.04 -2.07 -4.11 2.19 9.72 -0.385 18 19

Affin Hwang Growth 28/6/2011 4.39 -2.32 -4.65 1.43 9.45 -0.458 19 22

E Affin Hwang Principled Growth 22/7/2009 4.47 -2.41 -7.13 0.63 10.09 -0.683 25 27

E AMB Ethical Trust 7/1/2003 5.18 -2.29 -8.52 23.63 10.77 -0.773 29 29

E AMB SmallCap Trust 3/3/2004 7.32 -4.3 -7.71 18.42 13.86 -0.511 26 23

E AMB Unit Trust 26/3/1992 7.83 -1.65 -4.68 15.48 10.29 -0.417 20 21

E AMB Value Trust A MYR 7/1/2003 3.92 -1.47 -8.15 6.55 9.05 -0.893 28 30

E AmDividend Income 28/3/2005 5.28 -3.26 -3.05 23.64 9.79 -0.27 15 13

E AmMalaysia Equity 15/10/2001 7.08 -4.34 -0.08 28.91 10.96 0.044 9 11

E AmTotal Return 10/1/1989 2.81 -3.21 -8.85 9.63 9.38 -0.939 30 32

Areca equityTrust 23/4/2007 9.49 -2.85 3.45 45.85 14.85 0.299 5 5

E CIMB-Principal Equity 1/8/1995 3.34 -2.74 -3.58 21.39 8.58 -0.384 16 18

E CIMB-Principal Equity Aggressive 3 12/3/1998 6.15 -2.89 -4.03 11.6 11.67 -0.297 17 14

E Eastspring Investments Equity Income 18/10/2004 8.34 0.48 1.27 32.56 8.94 0.183 8 8

E Eastspring Investments Growth 29/5/2001 11.2 -4.26 -6.27 30.04 15.87 -0.331 24 15

Eastspring Investments MY Focus 1/3/2011 10.48 -3.24 -0.19 79.27 14.13 0.054 11 10

KAF Tactical 2/9/2004 4.82 -4.1 -13.77 -11.89 14.31 -0.961 33 33

E Kenanga Growth 17/1/2000 8.5 -3.45 5.81 62.22 12.29 0.518 2 2

Kenanga Malaysian Inc 9/11/2007 10.04 -2.71 3.53 34.43 12.65 0.333 4 4

Kenanga OA Inv-Kenanga Blue Chip 23/4/2004 2.83 -1.29 -8.89 8.69 8.17 -1.096 31 34

E Kenanga Premier 26/11/1996 8.26 -0.49 -5.2 16.06 11.73 -0.398 21 20

E Libra DividendEXTRA 18/3/2005 1.88 -3.24 -2.59 20.53 12.69 -0.148 12 12

E Libra EquityEXTRA 10/9/1999 8.67 -2.16 -14.15 19.76 17.71 -0.772 34 28

Maybank Q-Opportunities 4/7/2011 4.22 -2.25 -5.24 3.09 8.55 -0.589 22 24

MIDF Amanah Dynamic 5/5/1976 11.92 -4.24 2.64 36.89 15.8 0.24 6 6

MIDF Amanah Growth 2/12/1966 11.18 -2.64 3.88 17.38 12.21 0.37 3 3

Phillip Master Equity Growth 18/6/2003 11.05 -4.15 2.02 32.32 16.07 0.201 7 7

E RHB Capital 12/4/1995 8.01 -4.19 -9.03 9.85 14.17 -0.598 32 26

E RHB KLCI Tracker 3/4/2000 3.24 -2.14 -8.09 5.93 8.65 -0.93 27 31

E RHB Malaysia Dividend 4/3/2008 9.23 -4.07 -0.09 13.6 13.23 0.056 10 9

E RHB Smart Treasure 7/9/2004 19.5 -4.42 20.6 56.69 22.08 0.96 1 1

TA Comet 1/10/1999 -1.5 -3.24 -2.94 14.79 7.43 -0.367 14 17

TA Growth 1/7/1996 2.12 -2.98 -2.71 5.18 7.47 -0.333 13 16

TA High Growth 7/6/2004 3.7 -2.06 -5.57 6.46 8.97 -0.596 23 25

AVERAGE 6.76 -2.84 -3.12 20.68 11.81 -0.29

Malaysia, Equity-Islamic Growth

Aberdeen Islamic Malaysia Equity A 17/1/2013 0.03 -2.15 -6 13.64 7.18 -0.83 28 32

Affin Hwang Aiiman Equity 1/8/2007 4.34 -3.16 -6.84 5.33 10.06 -0.66 30 30

E Affin Hwang Aiiman Growth 8/10/2002 5.6 -2.75 -3.05 25.21 10.1 -0.26 23 23

AmanahRaya Islamic Equity 23/4/2008 8.16 -4.28 0.44 16.04 11.33 0.09 10 10

E AMB Dana Ikhlas 17/9/2002 3.48 -1.56 -3.31 13.66 6.24 -0.51 24 28

E AMB Dana Yakin 24/11/2000 8.86 -2.45 -2.87 17.14 12.35 -0.18 21 20

AMB Shariah Value Plus A-MYR 16/6/2015 2.8 -3.4

AMB Shariah Value Plus C-MYR 16/6/2015 2.91 -3.37

E AmIslamic Growth 10/9/2004 5.21 -4.4 -2.87 28.06 9.81 -0.25 22 22

E AmIttikal 12/1/1993 5.29 -4.37 -5.14 21.47 10.16 -0.47 26 27

BIMB i Dividend 18/3/2011 3.93 -5.49 -12.02 -5.75 13.1 -0.91 33 33

BIMB i Growth 30/6/1994 1.37 -7.41 -17.71 -7.3 16.27 -1.11 34 34

CIMB Islamic Al-Azzam Equity 1/8/2012 5.23 -5.73 -0.07 26.11 11.35 0.05 11 11

E CIMB Islamic Equity Aggressive 15/6/1995 7.44 -4.19 -1.78 27.15 12.51 -0.09 18 16

E Eastspring Investments Dana al-Ilham 14/8/2002 7.2 -4.4 -0.34 44.55 11.04 0.02 12 12

E KAF Dana Adib 25/3/2004 1.61 -6.94 -8.58 15.49 13.11 -0.62 31 29

Kenanga Islamic 15/8/2002 5.84 -2.12 -0.43 27.13 10.1 0 13 13

E Kenanga OA Inv-Kenanga Ekuiti Islam 23/4/2004 6.74 -2.72 -0.83 20.21 10.59 -0.03 14 14

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 23/4/2004 5.82 -2.88 -2.01 26.82 11.34 -0.13 19 19

E Kenanga Syariah Growth 29/1/2002 5 -3.28 -1.52 27.61 10.47 -0.1 17 17

Libra Amanah Saham Wanita 4/5/1998 9.39 -1.07 -6.41 24.83 15.53 -0.35 29 24

Manulife Shariah-Dana Ekuiti 27/5/2013 12.44 -1.98 4.93 12.17 0.45 6 6

MIDF Amanah Islamic 14/5/1971 11.93 -3.2 5.66 31.93 12.94 0.49 4 4

Pacific Dana Dividen 26/7/2007 2.41 -4.32 -5.38 8.19 11.28 -0.44 27 26

PMB Dana Al-Aiman 19/5/1997 6.87 -4.97 -2.8 8.84 10.87 -0.21 20 21

PMB Dana Bestari 3/10/2002 6.74 -5.01 1.63 10.42 10.88 0.2 8 8

PMB Dana Mutiara 5/8/2004 10.32 -3.36 2.11 14.48 11.14 0.24 7 7

E PMB Shariah Aggressive 21/11/2005 11.89 -8.99 8 74.82 18.68 0.5 1 3

PMB Shariah Dividend 21/7/2008 7.61 -5.44 1.55 19.32 13.96 0.18 9 9

E PMB Shariah Growth 28/12/1972 10.4 -7.07 6.68 45.66 16.69 0.47 3 5

E PMB Shariah Index 25/3/2002 6.53 -4.03 -4.56 11.64 10.3 -0.4 25 25

E PMB Shariah Premier 12/6/1995 9.2 -3.54 5.28 20.73 10.45 0.54 5 2

E PMB Shariah Tactical 29/10/1979 7.39 -3.08 -1.45 12.54 9.93 -0.1 16 18

E RHB Dana Islam 26/10/2001 11.52 -3.67 7.47 31.79 14.51 0.57 2 1

RHB-OSK Islamic Growth 26/1/2004

TA Dana Fokus 17/6/2008 2.36 -5.46 -8.89 -2.27 11.57 -0.75 32 31

TA Islamic 24/4/2001 2.22 -6.18 -1.03 6.02 8.94 -0.07 15 15

AVERAGE 6.38 -4.14 -1.83 20.05 11.67 -0.14

Malaysia Equity Small Cap

E CIMB-Principal Small Cap 20/4/2004 13.2 -8.36 -1.35 58.74 22.13 0.04 6 6

E Eastspring Investments Small-cap 29/5/2001 15.6 -2.44 10.99 133.46 15.73 0.74 2 1

E KAF Vision 1/3/2000 5.83 -9.58 5.79 78.07 17.58 0.4 3 3

E Kenanga OA Inv-Kenanga Growth Opportunities 23/4/2004 10.28 -1.54 2.67 37.23 12.56 0.27 4 4

MIDF Amanah Strategic 1/6/1970 16.04 -4.08 2.57 45.93 21.2 0.22 5 5

E RHB Small Cap Opportunity 20/4/1998 21.87 -3.42 12.33 69.28 22.49 0.63 1 2

TA Small Cap 9/2/2004 -4.33 -5.52 -13.99 -3.06 12.44 -1.15 7 7

AVERAGE

11.21 -4.99 2.72 59.95 17.73 0.16

Asia Equity Offshore

Affin Hwang China Growth 11/7/2011 -15.86 -21.27 -17.62 18.28 31.27 -0.46 43 29

Affin Hwang Select APAC ex-Japan REITs and Infra 25/4/2007 1.29 -3.52 1.1 24.46 8.98 0.16 6 6

Affin Hwang Select Asia (ex Japan) Opportunity 18/7/2006 -1.05 -4.29 -0.25 10.2 10.48 0.03 9 9

Affin Hwang Select Asia (ex Japan) Quantum 15/4/2004 2.01 -5.12 -1.66 25.98 11.33 -0.1 12 14

Affin Hwang Select Dividend 28/3/2011 4.95 -0.69 -0.63 20.81 7.08 -0.06 10 12

E Affin Hwang Select Opportunity 7/9/2001 4.38 -1.66 -4.38 22.77 8.27 -0.5 18 30

AmASEAN Equity 6/6/2011 4.27 -2.26 -3.29 13.15 9.06 -0.33 15 21

E AmAsia Pacific Leisure Dividend 25/2/2013 -1.26 -11.12 -4.96 -6.45 11.23 -0.4 20 27

AmAsia Pacific REITs B MYR 18/7/2011 8.69 -7.03 9.58 28.04 8.7 1.09 2 1

AmAsia Pacific REITs Plus 1/7/2013 6.68 2.91 5.53 11.69 0.52 3 3

AmAsia-Pacific Property Equities 18/7/2006 -1.06 -0.84 3.09 17.84 12.4 0.3 4 4

AmCumulative Growth 24/7/1996 -8 -4.78 -6.03 9.44 15.09 -0.34 28 23

Asia Pacific Equity Income 18/4/2012 -8.27 -12.42 -12.84 1.68 18.43 -0.65 39 39

CIMB-Principal ASEAN Equity 12/9/2007 -3.53 -3.11 -6.32 4.17 11.31 -0.52 29 34

CIMB-Principal Asia Pacific Dynamic Income MYR 25/4/2011 -6.56 -6.82 -5.05 32.61 12.47 -0.36 21 26

CIMB-Principal China-India-Indonesia Equity 21/1/2010 -5.88 -10.21 -5.97 23.11 12.63 -0.43 27 28

E CIMB-Principal Equity Growth & Income 15/5/1991 -0.38 -4.7 -5.16 22.66 8.05 -0.62 23 37

CIMB-Principal Greater China Equity 12/6/2007 -5.14 -11.39 -1.89 34.51 21.09 0.01 13 11

Eastspring Investments Asia Pacific Equity MY 21/7/2005 -11.35 -12.01 -16.48 1.14 17.01 -0.97 42 42

Eastspring Investments Dinasti Equity 26/10/2009 -3.44 -7.9 2.18 24.79 15.58 0.21 5 5

Eastspring Investments Indonesia Equity MY 27/4/2011 13.41 4.34 -4.57 -5.65 24.49 -0.08 19 13

Kenanga Asean Tactical Total Return 1/7/2015 4.08 -3.2

Kenanga Asia Pacific Total Return 11/7/2013 -6.5 -8.24 -3.57 14.44 -0.18 16 16

Kenanga Global Opportunities 21/6/2010 -10.58 -11.09 -5.09 -7.95 14.33 -0.3 22 19

Libra Consumer and Leisure Asia 18/7/2007 0.14 -6.68 -0.93 26.41 16.41 0.02 11 10

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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 -8.7 -11.67

Manulife China Equity 7/1/2010 -13.21 -17.34 -10.81 19.87 24.27 -0.35 34 25

Manulife Equity Plus 29/12/2009 8.62 -0.91 0.02 23.74 9.64 0.05 8 8

Manulife Global Resources 7/1/2010 -3.8 -0.15 -12.73 -18.36 22.34 -0.51 38 31

Pacific Focus China 19/5/2009 -13.17 -12.59 -10.99 14.81 19.1 -0.52 35 33

Pheim Asia Ex-Japan 30/6/2006 1.84 -6.93 -2.86 5.47 15.25 -0.12 14 15

RHB Asean 2/12/2009 2.6 -4.11 -5.56 4.63 14.35 -0.33 25 22

RHB Asia Consumer 18/1/2010 -6.69 -10.29 -7.64 -12.58 13.84 -0.51 31 32

RHB Asia Financials 11/1/2011 -15.68 -16.21 -14.36 8.59 20.25 -0.66 41 40

RHB Asia Pacific 6/1/2006 -9.62 -7.68 -12.97 1.98 11.28 -1.17 40 43

RHB Asian Growth Opportunities 8/1/2008 -4.22 -8.99 -4.21 11.23 14.48 -0.23 17 18

RHB Big Cap China Enterprise 3/12/2007 -12.18 -15.8 -9.72 23.16 24.63 -0.3 32 20

RHB China-India Dynamic Growth 11/3/2010 -15.87 -17.9 -11.75 37.36 17.27 -0.64 37 38

RHB Emerging Opportunity 18/5/2004 12.76 -3.88 0.23 33.73 21.04 0.11 7 7

RHB Equity 8/8/1996 12.18 -5.09 -11.15 1.37 18.98 -0.53 36 35

RHB Indonesia Equity Growth 4/4/2011 11.38 3.21 -5.86 -6.56 19.35 -0.22 26 17

E RHB Resources 16/5/2006 -1.47 -2.76 -10.37 -19.53 13.99 -0.71 33 41

RHB Singapore Income Feeder MYR 18/1/2016

TA Asian Dividend Income 15/8/2007 -5.36 -8.75 -5.23 12.52 13.08 -0.35 24 24

TA South East Asia Equity 28/11/2005 -2.52 -2.29 -7.1 6.22 11.07 -0.61 30 36

Templeton Asian Growth MYR A 21/9/2015 -6.06

Templeton Asian Smaller Companies MYR A 7/10/2015 -8.36

United ASEAN Discovery 8/12/2014 16.94 -0.45 11.61 16.97 0.73 1 2

AVERAGE -1.89 -6.77 -5.04 12.24 15.19 -0.25

Equity Offshores-Others

Affin Hwang Global Commodity 20/8/2007

AmBRIC Equity 9/11/2009

AmGlobal Agribusiness 3/5/2007 -14.79 -4.69 -14.01 -0.54 18.08 -0.74 27 24

AmGlobal Property Equities 25/10/2005 1.35 -9.11 8.6 37.34 14.9 0.63 1 2

AmPan European Property Equities 6/3/2007 -8.09 -10 5.85 81.2 17.62 0.4 3 4

AmSchroder European Equity Alpha 8/8/2006 -11.3 -6.2 -1.29 38.15 14.56 -0.02 9 10

CIMB-Principal Australian Equity 20/3/2010 -10.01 -12.1 -14.57 -10.83 14.92 -0.98 28 27

CIMB-Principal Global Titans 18/7/2005 -6.22 29.3 3.27 55.82 13.57 0.3 6 5

Commodities Equity 19/7/2010 -6 -11.67 -17.92 -8.87 17.5 -1.04 29 28

Eastspring Investments Global Basics MY 17/1/2007 -4.06 -11.69 -1.56 13.36 14.22 -0.04 10 11

Eastspring Investments Global Emerging Markets 11/1/2008 -8.88 -10.08 -10.82 0.16 13.68 -0.77 20 25

Eastspring Investments Global Leaders MY 23/3/2006 -7.18 -6.22 0.87 37.45 17.39 0.13 7 8

Franklin U.S. Opportunities MYR 8/5/2013 -11.88 -10.4 -12.19 15.08 -0.79 23 26

Global Emerging Market Opportunities 18/3/2008 -8.23 -10.98 -8.8 5.01 13.32 -0.62 17 20

Global Multi-Asset Income MYR 17/3/2014 -3.35 -11.14 -6 5.16 -1.17

KAF Global Diversified Property 9/8/2007 -2.68

KAF Global Equities 19/5/2006

Kenanga Global Dividend 19/3/2007 -7.86 -0.76 34.02 12.69 0 8 9

Manulife India Equity 7/1/2010 -14.6 -8.25 -12.47 44.8 19.81 -0.58 24 18

Pacific Asia Brands 20/1/2006 -8.9 -16.34 -7.78 1.2 18.3 -0.35 16 15

Pacific Focus18 16/6/2005 -3.98 -12.84 -9.97 -0.23 14.42 -0.66 18 22

Pacific Glb Agriculture, Infra And Resources 12/4/2010 -0.21 -8.35 -11.14 -19.67 17.83 -0.58 22 19

Pacific Global Stars 20/7/2006 -5.98 -4.03 -2.73 5.23 13.51 -0.14 12 12

Precious Metals Securities 15/11/2007 23.75 -11.11 -2.25 -37.47 47.59 0.15 11 7

RHB Agriculture 11/8/2011 -2.83 -1.02 -10.29 -38.77 5.53 -1.93 19 29

RHB Global Equity Yield 9/11/2005 -13.55 -15.36 -11.07 20.13 19.11 -0.52 21 17

RHB Global Food Islamic Equity 11/8/2011 1.5 -1.09 -3.55 16.2 10.87 -0.28 13 14

RHB Global New Stars 24/1/2007 -12.34 -14.26 -13.41 -16.13 18.53 -0.68 26 23

RHB Global Themes 5/1/2007

RHB Gold And General 21/7/2009 26.38 28.12 4.35 -23.75 44.62 0.29 5 6

RHB US Focus Equity 15/10/2010 -3.83 -4.11 -4.64 35.65 14.42 -0.26 14 13

RHB-GS BRIC Equity 11/1/2011

RHB-GS US Equity 18/5/2011 -7.23 -12.05 -12.79 22.7 18.71 -0.64 25 21

- 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)

TA BRIC and Emerging Markets 25/2/2010 -11.2 -5.77 -5.17 0.3 12.35 -0.37 15 16

TA European Equity 20/3/2007 -2.34 -6.99 6.61 50.72 11.17 0.63 2 1

TA Global Technology 26/5/2011 -2.61 -10.33 5.53 58.97 15.77 0.42 4 3

Templeton Global Equity MYR A 13/4/2015 -13.04 -10.09

AVERAGE -5.14 -6.63 -5.31 14.36 17.24 -0.31

Asia Equity Offshore Islamic

Aberdeen Islamic APAC ex Japan Equity A MYR 2/12/2015 -7.03

Aberdeen Islamic World Equity A MYR 17/1/2013 -9.22 -6.86 -7.63 25.4 11.75 -0.62 5 5

AmIslamic Greater China 8/11/2010 -10.02 -12.5 -22.45 -24.98 15.58 -1.54 7 7

AmOasis Global Islamic Equity 21/4/2006 -5.88 -6.92 -3.88 33.6 10.89 -0.31 4 4

CIMB Islamic Asia Pacific Equity 2/6/2006 -6.31 -8.15 -1.59 18.44 11.93 -0.08 2 2

Eastspring Investments Asia Pacific Shariah Equity 22/11/2007 -6.15 -8.4 10.66 16.9 19.57 0.6 1 1

Namaa' Asia-Pacific Equity Growth 15/8/2008 -6.11 -7.79 -8.86 -1.18 10.5 -0.83 6 6

Pheim Asia Ex-Japan Islamic 1/11/2006 8.03 -4.02 -3.17 22.6 14.09 -0.16 3 3

RHB Islamic Global Developed Markets MYR 28/5/2015 -8.69 -10.37

RHB-OSK Asia Pacific Maqasid 23/2/2010

AVERAGE -5.54 -8 -5.28 12.97 13.47 -0.42

Malaysia Mixed Assets

Affin Hwang Aiiman Select Income 1/3/2013 2.73 -0.49 -0.5 4.13 -0.1 20 23

Affin Hwang Select Balanced 28/7/2003 2.64 -0.97 0.01 14.61 4.82 0.02 18 18

E Affin Hwang Select Income 6/1/2005 0.33 -2.1 3.26 14.92 4.07 0.81 11 9

Affin Hwang Select SGD Income MYR 1/8/2012 0.02 -2.75 7.88 23.43 9.5 0.85 5 7

Affin Hwang Tactical 10/8/2010 5.52 -1.52 -5.9 2.32 9.01 -0.63 30 30

E AMB Balanced Trust 19/9/1994 4.64 -0.67 -0.99 14.73 6.15 -0.13 21 24

E AMB Index-Linked Trust 16/5/2002 3.21 -2.1 -7.4 8.94 8.24 -0.89 32 35

E AmBalanced 16/9/2003 3.21 -1.95 -4.67 7.31 6.89 -0.66 28 31

E AmConservative 16/9/2003 5.29 0.52 4.78 18.59 3.94 1.21 8 5

E Eastspring Investments Balanced 29/5/2001 10.82 -2.9 1.06 37.47 13.23 0.14 16 16

Eastspring Investments Dynamic 6/11/2003 11.44 -3.61 12.84 58.04 19.16 0.72 1 12

InterPac Cash 25/7/2007 1.59 0.52 3.18 8.01 0.05 69.19 12 1

InterPac Dynamic Equity 25/7/2007 5.71 0.68 4.63 3.28 4.34 1.06 9 6

E KAF Enhanced Bond 30/1/2002 5.26 3.53 2.93 13.02 4 0.74 13 10

KAF First 16/1/1996 5.86 -3.19 5.08 27.34 8.19 0.64 7 13

E KAF Jade 1/11/2006 -8.21 -13.68 -11.19 3.77 18.64 -0.54 33 29

E Kenanga Balanced 23/5/2001 4.91 -1.78 -0.36 14.2 7.45 -0.01 19 19

Kenanga OA Inv-Kenanga Diversified 23/4/2004 6.47 -2.58 -1.14 11.83 10.18 -0.06 23 20

Kenanga OA Inv-Kenanga Managed Growth 23/4/2004 6.31 -2.41 -1.09 11.15 9.35 -0.07 22 21

E Libra Resource Equity 18/3/2011 -5.76 -10.04 -13.84 15.94 -0.85 35 34

Libra TacticalEXTRA 18/3/2005 7.18 -1.04 -12.5 9.31 14.63 -0.84 34 33

E Maybank Q-Target Return 4/7/2011 3.38 -0.67 -1.61 5.41 6.18 -0.23 27 25

E Pacific SELECT Balance 11/8/2003 2.75 -2.29 -7.09 5.06 8.91 -0.78 31 32

Pacific SELECT Income 11/8/2003 1.64 -0.25 -1.2 4.53 3.37 -0.34 24 27

Pheim Emerging Companies Balanced 28/1/2002 3.04 -4.42 -1.37 15.8 10.06 -0.09 25 22

E Pheim Income 28/1/2002 2.77 -1.01 4.42 11.03 3.23 1.36 10 3

E RHB Goldenlife 2020 21/2/2005 8.61 -2 1.63 17.78 9.92 0.21 15 15

E RHB Goldenlife 2030 21/2/2005 12.11 -3.24 0.1 24.53 14.77 0.08 17 17

E RHB Goldenlife Today 21/2/2005 4.66 0.4 5.29 15.3 3.75 1.39 6 2

E RHB Growth And Income Focus 7/1/2005 12.27 -2.86 10.68 44.35 15.73 0.72 4 11

E RHB Kidsave 10/5/1999 8.75 -4.3 2.68 8.68 13.64 0.26 14 14

E RHB Smart Balanced 7/9/2004 12.68 -3.1 12.76 64.55 16.32 0.82 2 8

E RHB Smart Income 7/9/2004 9.89 -0.74 12.24 40.88 9.6 1.25 3 4

RHB Thematic Growth 26/9/2007 8.98 -3.73 -5.65 14.97 12.46 -0.41 29 28

TA Income 6/5/2002 0.39 -1.15 -1.43 5.46 4.68 -0.29 26 26

AVERAGE 4.89 -2.23 0.5 17.59 8.99 2.13

Malaysia Mixed Assets-Islamic Affin Hwang Aiiman Balanced 11/11/2001 4.79 -1.19 -3.86 5 7.59 -0.48 14 14

- 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)

AmIslamic Balanced 10/9/2004 5.42 -1.42 -0.05 19.37 6.97 0.03 10 10

E BIMB Dana Al-Falah 27/12/2001 -0.72 -6.71 -18.52 -11.62 14.66 -1.31 18 16

BIMB Dana Al-Munsif 27/12/2001 0.85 -3 -12.97 -4.39 9.91 -1.35 16 17

CIMB Islamic Balanced Growth 26/5/2003 3.97 -3.14 -1.66 18.05 6.97 -0.21 12 12

E CIMB Islamic Enhanced Sukuk 23/2/2005 3.34 -0.7 1.57 11.46 3.23 0.5 5 5

E Dana Makmur Pheim 28/1/2002 10.41 -1.8 4.5 47.02 9.16 0.52 3 4

E Eastspring Investments Dana al-Islah 14/8/2002 3.54 0 1.8 12.32 3.15 0.58 4 3

E Eastspring Investments Dana Dinamik 25/2/2004 7.16 -4.43 1.02 36.36 11.17 0.14 6 6

E InterPac Dana Safi 25/7/2007 5.06 0.15 5.69 8.11 4.06 1.39 2 1

KAF Dana Alif 26/2/2003 1.94 -4.4 -4.96 13.53 9.04 -0.52 15 15

E Kenanga Islamic Balanced 6/12/2004 4.47 -1.22 0.69 17.15 6.75 0.13 7 7

E Kenanga OA Inv-Kenanga Shariah Balanced 23/4/2004 -0.45 -3.35 -14.36 -14.54 9.05 -1.66 17 18

Libra SyariahEXTRA 1/1/2003 6.76 0.35 0.35 26.53 7.84 0.08 9 9

E PMB Shariah Balanced 8/12/1997 4.22 -2.1 0.52 16.03 5.97 0.11 8 8

RHB Dana Hazeem 18/2/2013 12.66 -4.36 10.75 23.74 17.29 0.68 1 2

RHB Mudharabah 9/5/1996 7.18 -1.27 -0.48 1.19 8.91 -0.01 11 11

E TA Dana Optimix 17/1/2005 3.29 -5.31 -2.26 2.8 8.51 -0.23 13 13

AVERAGE 4.66 -2.44 -1.79 12.67 8.35 -0.09

Mixed Assets Offshore

Affin Hwang Select AUD Income MYR 18/3/2010 1.2 -3.81 7.1 10.38 11.17 0.67 1 2

AmAustralia 15/3/2011 -5.59 -11.62 -8.42 -2.67 11.95 -0.68 11 11

Amundi International 3/9/2015 0

Eastspring Investments Asia Select Income 18/11/2005 -4.14 -5.94 -1.69 17.35 6.02 -0.26 6 9

Eastspring Investments Enhanced Income 28/5/2007 -0.55 -2.36 -0.76 8.32 4.25 -0.16 5 7

E KAF Core Income 2/9/2004 11.1 0.42 -5.41 16.3 13.82 -0.34 10 10

Libra IncomeEXTRA 10/9/1999 1.75 -2.41 -1.72 25.12 8.86 -0.16 7 6

RHB Asian Income MYR 5/6/2012 0.47 -1.72 5.38 28.19 8.2 0.68 2 1

RHB Golden Dragon 8/5/2007 -7.56 -9.59 -4.46 17.33 17.09 -0.19 9 8

RHB-OSK Muhibbah Income 12/3/2007

TA Asia Pacific Islamic Balanced 7/11/2006 -4.31 -5.55 0.21 10.18 9.63 0.07 4 4

TA Global Asset Allocator 12/6/2006 -7.01 -8.39 -2 16.46 11.54 -0.12 8 5

Templeton Global Balanced MYR A 19/5/2015 -9.79 -6.84

United Bond & Equity Strategic Trust 8/9/2014 8.19 -1.65 5.21 8.59 0.63 3 3

AVERAGE -1.36 -4.57 -0.6 14.7 10.1 0.01

Fixed Income

Affin Hwang Bond 12/12/2001 2.57 1.11 3.36 9.87 1.27 2.62 24 16

Affin Hwang Select Bond 28/7/2003 2.51 0 5.27 17.42 2.43 2.13 13 19

AmanahRaya Unit Trust 21/9/2006 2.34 0.93 3.54 9.73 1.3 2.67 22 14

E AMB Dana Arif A MYR 27/4/2004 1.9 0.74 4.49 14.35 1.26 3.5 16 7

E AMB Dividend Trust 6/6/2006 1.45 -1.17 -3.58 20.55 6.51 -0.53 32 33

AMB Enhanced Bond Trust 27/5/2003 3.41 0.26 2.91 13.3 3.11 0.94 28 29

AMB Lifestyle Trust Today 25/11/2004 4.75 0.2 3.76 15.89 3.31 1.13 20 28

E AmBond 20/1/2000 3.11 1.14 4.69 6.92 2.25 2.05 15 20

E AmConstant Multi Maturity 18/11/2010

AmConstant Multi Maturity 2 17/10/2011

AmDynamic Bond 16/9/2003 4.49 1.81 6.5 13.85 2.42 2.63 10 15

E AmIncome Plus 17/6/2004 1.99 0.65 3.54 9.65 0.38 9.27 21 1

E AmTactical Bond B MYR 29/10/2012 6.36 2.51 12.2 15.67 3.55 3.27 4 9

Amundi Bond Global Aggregate 3/9/2015 0

E Areca incomeTrust 23/4/2007 1.91 0.74 3.41 9.32 0.74 4.53 23 4

CIMB-Principal Bond 15/11/1995 2.02 0.8 3.34 10.49 1.14 2.9 25 11

CIMB-Principal Strategic Bond 23/3/2004 2.19 1.13 3.15 10.85 1.33 2.34 26 17

E Eastspring Investments Bond 29/5/2001 3.08 0.93 11.99 20.12 6.87 1.69 5 23

Eastspring Investments Bond Plus 1/4/2013 2.08 0.64 4.7 0.77 5.95 14 2

Franklin Malaysia Sukuk A MYR 18/11/2015 0.89

Franklin Malaysia Sukuk I MYR 18/11/2015 0.98

E KAF Bond 1/11/2006 3.34 1.37 5.53 18.67 1.59 3.4 11 8

Kenanga Bond 15/8/2002 1.37 0.71 2.62 5.73 0.92 2.81 29 12

- 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)

Kenanga Global Emerging Markets Debt 22/7/2008

Kenanga OA Inv-Kenanga Income Plus 23/4/2004 1.62 0.85 3.05 7.44 1.08 2.78 27 13

Libra BondEXTRA 8/10/2002 4.52 2.26 6.63 16.45 2.18 2.96 9 10

Libra Strategic Opportunity 1/11/2012 -7.46 -37.09 -26.91 12.05 57.13 -0.31 35 32

Manulife Bond Plus 29/12/2009 2.18 0.43 5.31 11.43 1.06 4.88 12 3

Maybank Financial Institutions Income 17/12/2009 2.35 0.88 3.82 10.47 0.88 4.28 19 5

Maybank Global Bond 4/11/2013 -4.6 -5.8 0.05 7.51 0.04 30 30

Maybank Q-Income 4/7/2011 0.41 0.1 7.14 11.87 5.15 1.37 7 25

Opus Dynamic Income 11/5/2009 2.84 1.56 4.36 12.45 1.92 2.23 17 18

RHB Asian High Yield-MYR 8/6/2015 0.63 -0.82

RHB Asian Total Return 26/2/2007 2.75 -1.45 16.88 38.33 10.76 1.51 1 24

RHB Emerging Markets Bond 3/1/2012 -1.14 -1.53 13.44 28.76 10.72 1.23 3 26

E RHB Energy 23/3/2009 1.11 1.84 -0.36 -17.98 11.97 0.02 31 31

RHB Income 1 18/4/2001

RHB Income 2 26/2/2003 3.87 1.57 4.32 12.68 2.47 1.73 18 22

TA All-Cycle Commodities Income 4/5/2009 7.78 2.99 6.71 17.19 3.65 1.8 8 21

TA Total Return Fixed Income 1/10/2012 0.05 -1.31 10.48 18.5 8.61 1.2 6 27

Templeton Asian Bond MYR 5/2/2013 -3.98 -2.99 -11.38 -12.65 7.3 -1.61 34 35

Templeton Global Total Return MYR 14/11/2012 -4.92 -5.11 -11.15 -8.14 7.87 -1.46 33 34

United Asian High Yield MYR 30/6/2015 2.38 -1.64

United Income Plus 9/2/2015 4.45 -0.73 14.9 3.82 3.68 2 6

AVERAGE 1.78 -0.78 3.68 11.91 5.29 2.28

Fixed Income Islamic

Affin Hwang Aiiman Income Plus 28/6/2004 2.74 1.28 3.92 9.71 1.46 2.64 6 9

E AmanahRaya Syariah Trust 21/9/2006 2.12 0.95 3.34 9.08 1.31 2.52 11 10

AMB Income Trust 19/6/1996 2.01 0.49 6.25 29.22 2.21 2.77 2 8

E AmBon Islam 26/11/2001 2.41 0.87 3.43 9.39 1.95 1.74 9 13

AmDynamic Sukuk A 12/6/2012 3.36 1.38 4.37 12.92 2.2 1.96 4 12

BIMB Dana Al-Fakhim 13/9/2012 1.67 0.56 3.19 9.01 0.08 40.19 12 1

CIMB Islamic Enhanced Sukuk 23/2/2005 3.34 -0.7 1.57 11.46 3.23 0.5 14 15

Eastspring Investments Dana Wafi 21/2/2005 2.11 0.96 3.46 9.25 1.03 3.3 8 5

Kenanga OA Inv-Kenanga Bon Islam 23/4/2004 1.05 0.59 1.54 3.23 1.24 1.24 15 14

E Libra ASnitaBOND 18/3/2005 3.43 1.46 5.62 14.28 1.2 4.57 3 3

Libra Dana Safa 1/12/2009 2.02 0.7 3.86 11.54 0.2 18.92 7 2

Manulife Shariah-Dana Sukuk 27/5/2013 2.6 1.28 3.41

1.54 2.19 10 11

Opus Shariah Income 18/9/2013 2.54 1.3 4.02

1.34 2.96 5 7

Pacific Dana Murni 25/3/2003 1.89 0.8 3.15 9.05 0.89 3.5 13 4

RHB Islamic Bond 25/8/2000 4.62 1.78 7.37 19.94 2.36 3.04 1 6

AVERAGE 2.53 0.91 3.9 12.16 1.48 6.14

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)

Note: ABS denotes ranking based on absolute return RAR denotes ranking based on risk-adjusted return - YTD is from 31/12/2015 to 29/02/2016.

- 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

Feb-16 1654.8 -0.8 217.1 +0.38 178.9 -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

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

Appendix

- 13 -

13

Date KLCI m-o-m %

Change PMB Portfolio

m-o-m %

Change

PMB Islamic

Portfolio

m-o-m %

Change

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

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

* Performance includes income distribution of funds using reinvestment method.