MARKET UPDATE I quarterly review and outlook GLOBAL EQUITIESaffinhwangam.com/downloads/fundamentals/2016/... · MARKET UPDATE I quarterly review and outlook GLOBAL EQUITIES ... MARKET

MARKET UPDATE I quarterly review and outlook GLOBAL EQUITIES

REGIONAL EQUITIES

Source: Bloomberg

▪ Asian markets took the brunt of the hit in January, stemming from concerns surrounding the sustainability of China’s growth. The regional index dipped 11.0% in MYR terms, dragged down primarily by Shanghai Composite Index which tumbled 26.5% over the same period.

▪ Market confidence in the China equity market was shaken after the index dipped by 7% in 2 separate occasions triggering the “circuit breaker” system. The system was soon lifted but did little to help the markets which remained under the pressure of slow factory activity that has tumbled to a 3-year low, and weakness within the manufacturing sector.

▪ Resilience was seen in Thailand (+1.0%), and Indonesia (+0.5%) in a month where most regional markets ended lower. The Bank of Indonesia (BoI) cut its interest rates by 0.25% to 7.25%, 1-day after the surprise terror attack in the country’s capital. The move signaled focus on addressing the slowing economy which is currently growing at its slowest pace since 2009. With inflation being contained, the BoI remains in a comfortable zone to take on more easing measures if need be.

▪ STRATEGY: Regional markets are likely to take lead from

China’s equity market performance, and with uncertainties intensifying, we expect regional markets to remain volatile in the interim. We are holding a more optimistic outlook on Indonesia given its structural reforms, and believe that there will still be pockets of opportunities in the market.

▪ Following a tumultuous 2015, the equity market started the New Year on a shaky footing. Most global equity markets ended the month in negative territory after one of the worst starts to the year for equity markets after concerns of global growth, and slumping oil prices dragged down market confidence.

▪ Elevated production levels of oil had dragged down prices to a 12-year low, dipping below US$27 per barrel before seeing a slight recovery. A sanction lift on Iran is expected to lead to a further 600,000 to 800,000 additional barrels a day over 2016, putting additional pressure on the already weak oil price.

▪ The Bank of Japan (BoJ) surprised the market with its bold move in cutting the benchmark interest rate below zero to minus 0.1%. The move was seen as a positive step in the direction of achieving its 2% inflation target – the Nikkei inched up 3%, while the Yen slid 2% against the USD.

▪ STRATEGY: Outside the US, we expect central banks to

continue with its easing measures in a bid to address the weakness in growth. Markets are likely to remain fragile given the intensifying uncertainties leading to a challenging market environment. We will continue to remain tactically cautious, holding on to moderately higher cash levels in the interim.

Source: Bloomberg

01 FEBRUARY 2016 I FUNDamentals

MARKET UPDATE I quarterly review and outlook LOCAL EQUITIES

GLOBAL & LOCAL FIXED INCOME

Source: Bloomberg

Despite the heightened volatility in global market, volatility

in the domestic equity market remained low relative to its regional peers. The KLCI recording a marginal loss of 1.5% over the month, outperforming the broader regional index which dipped 11.0% in the same period.

The Ringgit strengthened more than 3% against the USD, leading to a divergence with crude oil prices, which dipped 9.2% in USD terms over the course of the month.

Bank Negara Malaysia (BNM) made a surprise cut to the Statutory Reserve Requirements (SRR) by 50 bps to 3.50%. The move is expected to see RM6 billion flowing into the financial system, boosting liquidity as well as market sentiments.

The budget recalibration has forecasted a slightly slower

growth of 4.0 - 4.5% from the previous 4.0% - 5.0% for 2016. Nevertheless, the infrastructure sector is expected to remain robust with tenders worth RM9 billion for the LRT 3 slated to take place in March.

STRATEGY: The domestic market is likely to remain under

the pressure of the development from global economies. We expect the oil & gas sector to remain challenging given the suppressed oil price, but expect oil producers to be the main beneficiary once the dust has settled.

Source: Bloomberg

The global fixed income market was shaped by the monetary policy decisions from major central banks, prolonged decline in crude oil prices and the rise in risk aversion due to market volatility.

Developed markets’ sovereign bond yields slid (prices rose correspondingly) across the curve as the Federal Reserve kept the policy rate unchanged, the European Central Bank signaled further easing in the coming March meeting while the Bank of Japan made a surprise negative interest rate decision.

Crude oil prices fell 9.2% (in local currency terms) in a month, exerting downward pressure on the market based inflation across the globe. Falling inflation risk lowered the longer end of the curve and pushed out the rate hike expectations further into the year.

In Malaysia, the yields for Malaysia Government Securities eased noticeably (7 basis points to 32 basis points) within a month, mainly attributed to 50 basis points surprise reduction in Statutory Reserve Requirement (SRR) and fiscal discipline committed in January’s recalibrated budget.

STRATEGY: We believe the spread for Asian credits will be

capped at current elevated level. While the market volatility shows no signs of abating so far, we are cautious on the risks in fixed income markets and prefer to hold moderately higher cash levels to maintain a more defensive stance for the portfolios.


MARKET UPDATE I quarterly review and outlook REITs & INFRASTRUCTURE

Source: Bloomberg

▪ The Bloomberg Asia REIT Index ended the month marginally lower at -0.3% in local currency terms, staying resilient against regional equity markets which trended lower in January. The index was recorded lower in Ringgit terms (-4.0%) on the back of the Ringgit’s appreciation against the USD.

▪ Volatility in equity market has driven investors to seek out safer haven investments through S-REITs, which has remained resilient comparative to the broader Singapore equity market. Increased expectations of a delay in further rate hikes in the US will keep borrowing cost low, and maintain the attractiveness of these income yielding investments. Singapore REITs are currently yielding an average of 7%.

▪ The MSCI AC Asia ex Japan Infrastructure Index slid 3.6% in the first month of the year local currency terms, and 7.1% in RM terms moving in line with the broader equity market.

▪ The dismal China macro readings and weaker Asian growth outlook hurt the performance of China-exposed equities (-18.1%) in particular. Seaport owners and operators fell -13.6% while railroad companies fell -6.5% in a month. Highway firms fared better, averaging -0.7% for that month.

▪ STRATEGY: The Manager remains optimistic on both

these sectors as the trimmed expectation for the US rate hike should be positive for the REITs asset class as investors continue to seek out yield-themed investments driving demand for REITs. The accelerated spending on the infrastructure sector whereas, will likely keep the infrastructure sector robust as governments look at addressing the current sluggish growth environment.


04Asset Management

Content

Fund Factsheets

01-03

05

Fund Risk Classification 43Market Update: Monthly Review & Outlook

Affin Hwang's Recommended Funds

Disclaimer:This content has been prepared by Affin Hwang Asset Management Berhad (hereinafter referred to as “Affin Hwang AM”) specific for its use, a specific target audience, and for discussion purposes only. All information contained within this presentation belongs to Affin Hwang AM and may not be copied, distributed or otherwise disseminated in whole or in part without written consent of Affin Hwang AM.

The information contained in this presentation may include, but is not limited to opinions, analysis, forecasts, projections and expectations (collectively referred to as “Opinions”). Such information has been obtained from various sources including those in the public domain, are merely expressions of belief. Although this presentation has been prepared on the basis of information and/or Opinions that are believed to be correct at the time the presentation was prepared, Affin Hwang AM makes no expressed or implied warranty as to the accuracy and completeness of any such information and/or Opinions.

As with any forms of financial products, the financial product mentioned herein (if any) carries with it various risks. Although attempts have been made to disclose all possible risks involved, the financial product may still be subject to inherent risk that may arise beyond our reasonable contemplation. The financial product may be wholly unsuited for you, if you are adverse to the risk arising out of and/or in connection with the financial product.

Affin Hwang AM is not acting as an advisor or agent to any person to whom this presentation is directed. Such persons must make their own independent assessments of the contents of this presentation, should not treat such content as advice relating to legal, accounting, taxation or investment matters and should consult their own advisers.

Affin Hwang AM and its affiliates may act as a principal and agent in any transaction contemplated by this presentation, or any other transaction connected with any such transaction, and may as a result earn brokerage, commission or other income. Nothing in this presentation is intended to be, or should be construed as an o�er to buy or sell, or invitation to subscribe for, any securities.

Neither Affin Hwang AM nor any of its directors, employees or representatives are to have any liability (including liability to any person by reason of negligence or negligent misstatement) from any statement, opinion, information or matter (expressed or implied) arising out of, contained in or derived from or any omission from this presentation, except liability under statute that cannot be excluded.

Absolute Return Fund II

Absolute Return Fund III

Aiiman Growth Fund

Aiiman Income Plus Fund

Aiiman PRS Shariah Growth Fund

Aiiman Select Income Fund

ASEAN Flexi Fund

China Growth Fund

Dividend Value Fund

Enhanced Deposit Fund

European Unconstrained Fund

Fixed Maturity Income Fund VI

Fixed Maturity Income Fund VII

Fixed Maturity Income Fund VIII

Fixed Maturity Income Fund IX

Fixed Maturity Income Fund X

Fixed Maturity Income Fund XI

Fixed Maturity Income Fund XII

Fixed Maturity Income Fund XIII

Fixed Maturity Income Fund XIV

Flexible Maturity Income Fund I

Flexible Maturity Income Fund II

Global Equity Fund

Japan Growth Fund

PRS Conservative Fund

PRS Growth Fund

PRS Moderate Fund

Select Asia (ex Japan) Opportunity Fund

Select Asia (ex Japan) Quantum Fund

Select Asia Pacific (ex Japan) Balanced Fund

Select Asia Pacific (ex Japan) Dividend Fund

Select Asia Pacific (ex Japan) REITs and Infrastructure Fund

Select AUD Income Fund

Select Balanced Fund

Select Bond Fund

Select Dividend Fund

Select Income Fund

Select Opportunity Fund

Select SGD Income Fund

Structured Income Fund VIII

33

34

25

27

10

26

12

30

31

24

29

35

35

36

36

37

37

38

38

39

40

40

32

28

09

07

08

13

11

18

16

15

20

19

23

17

22

14

21

41

05 Asset Management

Affin Hwang’s Recommended Funds

FUNDS FUND CATEGORY

Income

Income

SHARIAH FUNDS

Aiiman Income Plus Fund

Aiiman Select Income Fund

Aiiman Growth Fund

Bond

Mixed Asset (Conservative)

Equity Growth

FUND TYPE

CONVENTIONAL FUNDS

Select Bond Fund

Select AUD Income Fund

Select Asia Pacific (ex Japan) Balanced Fund

Select Balanced Fund

Select Income Fund

Select SGD Income Fund

Select Asia (ex Japan) Opportunity Fund

Select Asia Pacific (ex Japan) Dividend Fund

Select Asia Pacific (ex Japan) REITs and Infrastructure Fund

Select Dividend Fund

Select Opportunity Fund

Dividend Value Fund

ASEAN Flexi Fund

China Growth Fund

European Unconstrained Fund

Japan Growth Fund

Select Asia (ex Japan) Quantum Fund

Bond

Mixed Asset

Balanced

Balanced

Fixed Income

Mixed Asset (Conservative)

Equity

Equity

Mixed Asset

Equity

Equity

Feeder (Wholesale)

Mixed Asset

Feeder (Wholesale)

Equity Feeder (Wholesale)

Equity

Equity

Income

Income & Growth

Growth & Income

Growth & Income

Income & Growth

Income

Growth

Growth & Income

Income & Growth

Income & Growth

Growth

Growth

Growth & Income

Growth

Growth

Growth

Growth

Name of Scheme Performance Record as at 31 January 2016* Performance Table as at 31 January 2016*

Cumulative Returns Over The Period (%)

: 1 Month 1 Year 3 Year

Fund -5.7 -2.8 12.2 16.6

Fund Category : Benchmark -4.4 -3.9 8.7 12.5

: Source: Lipper

:

Benchmark

1 Year 3 Year 5 Year

Fund -2.8 3.9 N/A 4.9

: Benchmark -3.9 2.8 N/A 3.8

: Source: Lipper

:

:

: 2015 2014 2013

: Fund -5.7 5.4 5.5 8.7

Maturity Date : Benchmark -4.4 3.4 1.9 8.0Source: Lipper

Financial Year End

Top Holdings as at 31 January 2016* Income Distribution History

26.4% Yield

Subscription 14.9% (%)

Cash 2013 3.714.3% 2014 3.7

Sales Charge 2015 1.25 2.2

Not applicable Affin Hwang Global Equity Fund 14.2%

9.6%

Redemption Charge

Not applicable

Fees by the PPA●Annual Fee (2)

RM8.00 per annum

●Pre-Retirement Withdrawal RM25 for each withdrawal request

Annual Management FeeUp to 1.8% per annum

Minimum Investment

RM100

RM50

As at 31 January 2016*

Fund Size

NAV Per Unit

(2) The Private Pension Adminstrator (PPA) Annual Fee is not payable by the Member for the year the Member's account is first opened and the year(s) where no contribution has been made.

(1) Distribution Policy : Distribution of income, if any, would be on annual basis

Launch Date / IOP

Country Allocation of Underlying Asset as at

31 January 2016*

Minimum Subsequent

Investment

(1) Where a distribution is declared, investors are advised that following the issue of additional Units/distribution, the NAV per Unit will be reduced from cum-distribution NAV to ex-distribution NAV.

Gross Distribution

Asset Allocation of Underlying Asset as at

31 January 2016*

Affin Hwang PRS Growth Fund

November 2012 to January 2016 NAV-NAV prices and assuming reinvestment of

distributions into the Fund, gross investment based in RM. The value of Units may

go down as well as up. Past performance is not indicative of future performance.

Source: Lipper

Total

Return(%)

Since

Inception

* The data provided above is that of the Fund and is a percentage of NAV as at 31 January 2016. All figures are subject to frequent changes on a daily basis. The total for Asset and Country Allocation might not add up to 100% due to

rounding.

Affin Hwang Select Opportunity Fund

2.00

N/A

This document is prepared by Affin Hwang Asset Management Bhd (429786-T). It is not intended to be an offer invitation to subscribe or purchase any securities. The information contained herein has been obtained from sources

believed in good faith to be reliable, however, no guarantee is given in its accuracy or completeness. Past performance of the Fund is not an indicative of its future performance. Prices and distribution payable, if any, can go down as well

as up. A Product Highlights Sheet (PHS) is available for the Fund and investors have the right to request for a copy of it. The Replacement Disclosure Document (RDD) dated 1 July 2015 has been registered as well as the PHS has been

lodged with the Securities Commission Malaysia, who takes no responsibility for its contents. Investors are advised to read and understand the contents of the PHS and the RDD before investing. Application for Units can only be made

on receipt of a form of application referred to in and accompanying the PHS and the RDD Investors should also consider the fees and charges involved. A copy of the PHS and the RDD can be obtained at our office or any of our sales

offices. The Fund may not be suitable for all and if in doubt, investors should seek independent advice.

31 July

Affin Hwang Select Bond Fund

RM0.5300

RM55.6 million

2.00

(sen)

35% FTSE Bursa Malaysia Top

100 Index + 35% MSCI AC Asia

ex Japan Index + 30% Maybank

12-Month FD rate

Since

Inception

Year To

Date

Affin Hwang Select Asia (ex Japan) Quantum

Fund

Affin Hwang Select Asia (ex Japan)

Opportunity Fund

Affin Hwang Private Retirement

Scheme

Core (Growth)

Annualised

Return(%)

Calendar Year

Return(%)

A Fund that facilitates the accumulation of retirement savings by Members for their retirement needs, by aiming to generate capital

growth.

02 November 2012 / RM0.50

95

100

105

110

115

120

125

130

Nov 12 Jun 13 Dec 13 Jun 14 Dec 14 Jul 15 Jan 16

Indexed P

erf

orm

ance (

%)

Benchmark

PRSG

9.8%

4.2%

28.1%

57.9%

Cash & Cash Equivalents

Money Market Instruments

Fixed Income Instruments

Equities

9.8%

3.5%

6.5%

6.6%

7.0%

7.9%

9.2%

10.1%

13.4%

25.1%


Australia

Japan

Singapore

Indonesia

United States

Hong Kong

China

Others

Malaysia

7

FEBRUARY 2016 I FUNDamentals




Fund -4.1 -1.0 13.3 15.2


: Source: Lipper

:

Benchmark


Fund -1.0 4.3 N/A 4.5

: Benchmark -5.3 0.6 N/A 1.2

: Source: Lipper

:

:

: 2015 2014 2013

: Fund -4.1 5.5 4.5 7.4

: Benchmark -3.9 0.0 -4.8 2.7

Maturity Date Source: Lipper

Financial Year End Top Holdings as at 31 January 2016* Income Distribution History

25.7% Yield

24.3% (%)

Subscription 2013 2.9

Cash Affin Hwang Select Dividend Fund 15.1% 2014 2.814.2% 2015 1.25 2.2

Sales Charge

Not applicable 11.3%

Redemption Charge

Not applicable


RM8.00 per annum



Minimum Investment

RM100

RM50


Fund Size

NAV Per Unit



31 January 2016*

Country Allocation of Underlying Asset as at

31 January 2016*


RM22.1 million

RM0.5328

* The data provided above is that of the Fund and is a percentage of NAV as at 31 January 2016. All figures are subject to frequent changes on a daily basis. The total for Asset and Country Allocation might not add up to 100% due to

rounding.







Affin Hwang Select Balanced Fund

Minimum Subsequent

Investment

1.50

1.50

Gross Distribution31 July

(1)Distribution Policy : Distribution of income, if any, would be on semi-annual

basis

Since

Inception

Calendar Year

Return(%)

Year To

Date

Annualised

Return(%)




Source: LipperN/A

Affin Hwang PRS Moderate Fund


Scheme

Total

Return(%)

Since

Inception

Core (Moderate)

A Fund that seeks income and capital growth from its investments to facilitate the accumulation of retirement savings for Members'

retirement needs.

Affin Hwang Select Asia (ex Japan)

Opportunity Fund


100 Index + 30% Dow

Jones/Asia Pacific Select

Dividend 30 Index + 40%

Maybank 12-Month FD Rate

Affin Hwang Asia Pacific (ex Japan) Select

Balanced Fund

Launch Date / IOP


(sen)


95

100

105

110

115

120

125

130


Indexed P

erf

orm

ance (

%)

7.7%

4.8%

38.2%

49.3%




Equities

7.7%

2.6%

3.1%

4.5%

5.4%

8.9%

9.3%

10.8%

12.9%

34.0%


Philippines

Thailand

Singapore

United States

Hong Kong

Indonesia

China

Others

Malaysia

PRSM

Benchmark




1 Month 1 Year 3 Year

Fund -0.2 2.1 10.6 11.1

Fund Category Benchmark 0.3 3.3 10.0 10.7Source: Lipper

Benchmark


Fund 2.1 3.4 N/A 3.4

Benchmark 3.3 3.2 N/A 3.2Source: Lipper

Maturity Date 2015 2014 2013

Fund -0.2 3.0 1.6 6.1

Benchmark 0.3 3.3 3.2 3.2

Financial Year End Source: Lipper

Subscription Top Holdings as at 31 January 2016* Income Distribution History

Cash Affin Hwang Aiiman Income Plus Fund 33.0% Yield

Affin Hwang Enhanced Deposit Fund 23.7% (%)

Sales Charge Affin Hwang Aiiman Growth Fund 21.3% 2013 1.9

Not applicable 7.50% Public Finance Bhd (05.06.59) 11.6% 2014 1.9

8.25% Eon Bank Bhd (10.09.19) 6.6% 2015 0.50 0.9

Redemption Charge 6.80% Mah Sing Group Bhd (31.03.20) 3.0%

Not applicable


RM8.00 per annum



Minimum Investment

RM100

RM50


Fund Size

NAV Per Unit








RM8.4 million

RM0.5298

* The data provided above is that of the Fund and is a percentage of NAV as at 31 January 2016. All figures are subject to frequent changes on a daily basis. The total for Asset Allocation of Underlying Asset might not add up to 100%

due to rounding.(1)

Where a distribution is declared, investors are advised that following the issue of additional Units/distribution, the NAV per Unit will be reduced from cum-distribution NAV to ex-distribution NAV.

Minimum Subsequent

Investment

(1)Distribution Policy : Distribution of income, if any, would be on semi-annual

basis


31 January 2016*

1.00

Gross Distribution

(sen)

1.00


Maybank 12-Month Fixed

Deposit Rate

Annualised

Return(%)

Since

Inception

Launch Date / IOP

31 July

Core (Conservative)

N/A

Calendar Year

Return(%)

Year To

Date




Source: Lipper

Affin Hwang PRS Conservative Fund

A Fund that aims to provide Members with a capital preservation for their retirement needs.


Scheme

Total

Return(%)

Since

Inception

95

100

105

110

115


Indexed P

erf

orm

ance (

%)

1.9%

18.1%

27.6%

52.5%


Equities



PRSC

Benchmark





Fund -2.7 -1.3 22.3 23.0


: Source: Lipper

:

Benchmark


Fund -1.3 6.9 N/A 6.7

: Benchmark -3.4 3.8 N/A 3.7

: Source: Lipper

:

:

Maturity Date : 2015 2014 2013

: Fund -2.7 3.8 -1.6 21.7

: Benchmark -3.0 2.4 -4.2 13.3

Financial Year End Source: Lipper

Subscription Target Fund Holding as at 31 January 2016* Income Distribution History

Cash Equities % Yield

Tenaga Nasional Bhd 7.1% (%)

Sales Charge IJM Corporation Bhd 5.2% 2013 3.5

Not applicable Syarikat Takaful Malaysia 4.2% 2014 5.0

Telekom Malaysia Bhd 4.0% 2015 2.50 4.5

Redemption Charge Genting Plantations Bhd 3.9%

Not applicable Axiata Group Bhd 3.9%

QL Resources Berhad 3.7%

Fees by the PPA WCT Holdings Bhd 3.5%●Annual Fee (2) Gamuda Bhd 3.3%

RM8.00 per annum Sime Darby Bhd 3.3%


Annual Management Fee Asset Allocation as at 31 January 2016*

Up to 1.8% per annum Affin Hwang Aiiman Growth Fund 99.5%

Cash & Cash Equivalents 0.5%

Minimum Investment

RM100

RM50


Fund Size

NAV Per Unit

^Shariah-compliant Financials which is inclusive of Property and REITs.


Affin Hwang Aiiman PRS Shariah Growth Fund


Scheme

Total

Return(%)

Since

Inception

Launch Date / IOP

A Fund that facilitate the accumulation of Shariah-compliant retirement savings by Members for their retirement needs. The Fund

aims to generate capital growth through investments in a collective investment scheme that invests primarily in Shariah-compliant

equities.


Annualised

Return(%)

Since

Inception

Feeder (Equity)

FTSE Bursa Malaysia Emas

Shariah Index

N/ANovember 2012 to January 2016 NAV-NAV prices and assuming reinvestment of



Source: Lipper31 July

Gross Distribution

Calendar Year

Return(%)

Year To

Date

Minimum Subsequent

Investment

RM22.7 million

RM0.5421

(sen)

2.00







3.00


* The data provided above is that of the Fund and is a percentage of NAV as at 31 January 2016. All figures are subject to frequent changes on a daily basis. The total for Target Fund Asset Allocation might not add up to 100% due to

rounding.

Target Fund Sector Allocation as at

31 January 2016*

The data provided above are that of the Fund and are a percentage of NAV as at 31

January 2016


95

105

115

125

135

145


Indexed P

erf

orm

ance (

%)

15.8%

3.9%

4.1%

7.1%

7.8%

8.5%

9.8%

12.0%

12.8%

18.2%


Health Care

Other

Utilities

Technology

Oil & Gas

Telecommunications

Financials^

Consumer Goods

Industrials

Benchmark

APRSSG



Fund Category Performance Record as at 31 January 2016* Performance Table as at 31 January 2016*Equity

1 Month 1 Year 3 Year Fund Type Fund -7.1 -2.2 26.7 208.5Growth Benchmark -11.9 -3.8 16.2 65.7

Source: Lipper

Benchmark

1 Year 3 Year 5 Year Fund -2.2 8.2 12.0 10.1

Launch Date / IOP Benchmark -3.8 5.1 1.2 4.415 April 2004 / RM0.50 Source: Lipper

Maturity DateN/A 2015 2014 2013

Fund -7.1 9.4 8.9 21.5Financial Year End Benchmark -11.9 16.0 6.6 12.3

Source: Lipper

Initial Sales ChargeMax 5.5% of the NAV per unit Top Holdings as at 31 January 2016* Income Distribution History

Equities % YieldSubscription 5.9% (%)Cash 4.5% 2012 4.9

4.2% 2013 4.2Annual Management Fee 3.6% 2014 4.0Up to 1.5% per annum 3.5% 2015 3.8

3.5% (1) Distribution Policy : Incidental Minimum Investment 3.4%RM1,000 3.4%

3.2%Minimum Subsequent 3.2%InvestmentRM100

Sector Allocation as at 31 January 2016* Country Allocation as at 31 January 2016*Repurchase ChargeNil

As at 31 January 2016Fund Size

NAV Per Unit

Overall rating**

Mapletree Greater China

28 February (or 29 February in the event of a leap year)

China Aviation Oil Sg Corp Ltd

RM142.0 million

Allianz Malaysia Berhad

Robinsons Retail Holdings Inc

Value Partners Group Ltd

Religare Health Trust

XL Axiata Tbk PT

RM1.2397

Gross Distribution

5.00

(sen)

5.00

* The data provided above are that of the Fund and are a percentage of NAV as at 31 January 2016. All figures are subject to frequent changes on a daily basis. The total for Sector and Country Allocation might not add up to 100%due to rounding.

Nippon Indosari Corpindo Tbk

Affin Hwang Select Asia (ex Japan) Quantum Fund

A total return fund that seeks to capture the high growth of developing companies within the Asia (ex-Japan) region.

MSCI AC Asia (ex Japan) Small Cap Index

May 2004 to January 2016 NAV-NAV prices and assuming reinvestment ofdistributions into the Fund, gross investment based in RM. The value of Units maygo down as well as up. Past performance is not indicative of future performance.Source: Lipper

Total Return(%)

Del Monte Pacific Ltd5.00

Year To Date

This document is prepared by Affin Hwang Asset Management Bhd (429786-T). It is not intended to be an offer or invitation to subscribe or purchase any securities. The information contained herein has been obtained from sourcesbelieved in good faith to be reliable, however, no guarantee is given in its accuracy or completeness. Past performance of the Fund is not an indicative of its future performance. Prices and distribution payable, if any, can go down aswell as up. A Product Highlights Sheet (PHS) is available for the Fund and investors have the right to request for a copy of it. The Master Prospectus (MP) dated 18 July 2015 has been registered as well as the PHS has been lodgedwith the Securities Commission Malaysia, who takes no responsibility for its contents. Investors are advised to read and understand the contents of the PHS and the MP before investing. Application for Units can only be made onreceipt of a form of application referred to in and accompanying the PHS and the MP. Investors should also consider the fees and charges involved. A copy of the PHS and the MP can be obtained at our office or any of our salesoffices. The Fund may not be suitable for all and if in doubt, investors should seek independent advice.


IGB REIT

Annualised Return(%)

Calendar Year Return(%)

Since Inception

Since Inception

5.00

(1) The Fund is not expected to make distribution. However, incidental distribution may be declared whenever is appropriate. Where a distribution is declared, investors are advised that following the issue of additionalUnits/distribution, the NAV per Unit will be reduced from cum-distribution NAV to ex-distribution NAV. The yield of the distributions are calculated based on the total dividend payout/ex-distribution NAV.(2) From inception to 23 June 2006, the Kuala Lumpur Emas Index was used as benchmark until it was discontinued by the exchange as of 26 June 2006. The Benchmark was replaced by the FTSE Bursa Malaysia Small-Cap Indexfrom 26 June 2006 onwards. As of 4 February 2008, MSCI AC Asia ex Japan Small Cap Index was used as the Benchmark as the Fund assumed its new mandate.

The VF means there is a possibility for the Fund in generating an upside return or downside return around this VF. The Volatility Class (VC) is assigned by Lipper based on quintile ranks of VF for qualified funds. The Fund's portfoliomay have changed since this date and there is no guaranteed that the Fund will continue to have the same VF or VC in the future. Presently, only funds launched in the market for at least 36 months will display the VF and its VC.

**The Morningstar Rating is an assessment of a Fund's past performance-based on both return and risk-which shows how similar investments compare with their competitors. A high rating alone is insufficient basis for an investmentdecision.

Based on the Fund's portfolio returns as at 31 December 2015, the Volatility Factor (VF) for this Fund is 10.3 and is classified as High (source: Lipper). High includes Funds with VF that are above 8.645 but not more than 10.595.

50

100

150

200

250

300

350

May 04 Sep 06 Jan 09 May 11 Sep 13 Jan 16

Inde

xed

Per

form

ance

(%)

Benchmark

(2)

8.3%

1.5%

2.9%

3.4%

4.0%

10.6%

12.4%

13.8%

16.9%

26.2%


Basic Materials

Technology

Telecommunications

Health Care

Oil & Gas

Consumer Services

Industrials

Consumer Goods

Financials

8.3%

2.6%

7.3%

8.5%

11.9%

12.0%

17.8%

31.6%


Australia

Hong Kong

China

Philippines

Indonesia

Singapore

Malaysia

SAQF


Fund Category Performance Record as at 31 January 2016* Performance Table as at 31 January 2016*Mixed-asset Cumulative Returns Over The Period (%)

1 Month 1 Year 3 Year Fund Type Fund -5.7 -8.8 N/A -3.9Growth & Income Benchmark -2.2 4.2 N/A 14.6

Source: Lipper

Benchmark

1 Year 3 Year 5 Year Fund -8.8 N/A N/A -3.0Benchmark 4.2 N/A N/A 10.7Source: Lipper

Launch Date / IOP8 September 2014 / RM0.50

2015 2014 2013Maturity Date Fund -5.7 0.5 1.4 -N/A Benchmark -2.2 10.7 29.7 -

Source: Lipper

Financial Year End30 November

Top Holdings as at 31 January 2016* Income Distribution HistoryInitial Sales Charge BondsMax 5.5% of the NAV per unit Issuer Coupon Maturity Date %

Yinson TMC Sdn Bhd 7.00% 25.09.20 4.4%Subscription Marquee Land Ptd Ltd 9.75% 05.08.17 4.2%Cash Genting SG PLC 5.13% 12.09.17 3.0%

Annual Management Fee1.8% per annum

Equities %Minimum Investment Metropolitan Bank & Trust Co 4.0%RM1,000 Robinsons Retail Holdings Inc 3.8%

Astra International Tbk PT 3.8%Minimum Subsequent Matahari Department Store Tbk 3.6%Investment UOL Group Ltd 3.6%RM100

Sector Allocation as at 31 January 2016* Country Allocation as at 31 January 2016*Repurchase ChargeNil

Fund Size

Credit Profile as at 31 January 2016*Others 37.9%B^^ 36.2%BBB^^ 25.9%

^^Foreign bonds rated either by Standard & Poor's or Moody's

The Credit Profile above are a percentage of the Fund's fixed income portion only.

Affin Hwang Asean Flexi Fund

Total Return(%)

(1) Distribution Policy : Distribution of income, if any, would be on annualbasis

NAV Per Unit

A mixed asset fund that seeks to provide capital appreciation and regular income over the medium to long term period via investments in the ASEAN region.

50% FTSE/ASEAN 40 Index (for equity investments) + 50% RAM Quantshop MGS All Index (for fixed income investments)

September 2014 to January 2016 NAV-NAV prices and assuming reinvestment ofdistributions into the Fund, gross investment based in RM. The value of Units may godown as well as up. Past performance is not indicative of future performance.Source: Lipper

Since Inception


Since Inception


Year To Date

This document is prepared by Affin Hwang Asset Management Bhd (429786-T). It is not intended to be an offer or invitation to subscribe or purchase any securities. The information contained herein has been obtained from sourcesbelieved in good faith to be reliable, however, no guarantee is given in its accuracy or completeness. Past performance of the Fund is not an indicative of its future performance. Prices and distribution payable, if any, can go down as wellas up. A Product Highlights Sheet (PHS) is available for the Fund and investors have the right to request for a copy of it. The Prospectus dated 8 September 2015 has been registered as well as the PHS has been lodged with theSecurities Commission Malaysia, who takes no responsibility for its contents. Investors are advised to read and understand the contents of the PHS and the Prospectus before investing. Application for Units can only be made on receipt ofa form of application referred to in and accompanying the PHS and the Prospectus. Investors should also consider the fees and charges involved. A copy of the PHS and the Prospectus can be obtained at our office or any of our salesoffices. The Fund may not be suitable for all and if in doubt, investors should seek independent advice.

(1) The distribution is subject to availability of income, the Fund will distribute income on an annual basis after the end of the first financial year of the Fund.

* The data provided above is that of the Fund and is a percentage of NAV as at 31 January 2016 . All figures are subject to frequent changes on a daily basis. The total for Sector Allocation, Country Allocation and Credit Profile might not add up to 100% due to rounding.

(2) As at 8 September 2015, the Benchmark was replaced by the 50% FTSE/ASEAN 40 Index for equity investments and 50% RAM Quantshop MGS All Index for fixed income investments.


RM93.9 million

RM0.4804

95

100

105

110

115

120

125

Sep 14 Jan 15 May 15 Sep 15 Jan 16

Inde

xed

Per

form

ance

(%)

Benchmark

AFlexiF

10.8%

1.5%

5.5%

5.8%

11.6%

12.2%

12.3%

40.3%


Utilities

Telecommunications

Industrials

Bonds

Consumer Goods

Consumer Services

Financials

10.8%

8.5%

13.2%

16.4%

24.9%

26.2%


Thailand

Philippines

Malaysia

Indonesia

Singapore

(2)


Fund Category Performance Record as at 31 January 2016*Equity


Source: Lipper

MSCI AC Asia ex Japan Index1 Year 3 Year 5 Year

Launch Date / IOP Fund -1.5 2.6 3.4 1.619 July 2006 / RM0.50 Benchmark -8.9 3.5 3.8 0.4

Source: Lipper

Maturity DateN/A

2015 2014 2013Financial Year End Fund -6.9 10.3 2.7 6.231 January Benchmark -11.0 9.0 9.1 8.2

Source: Lipper

Initial Sales ChargeMax 5.5% of the NAV per unit

Income Distribution HistorySubscription Equities % YieldCash Tencent Holdings Ltd 5.1% (%)

Kangwon Land Inc 3.3% 2008 8.8Annual Management Fee Allianz Malaysia Berhad 3.2%Up to 1.5% per annum Tenaga Nasional Bhd 3.2%

Bank Mandiri Persero Tbk PT 3.2%Minimum Investment Astra International Tbk PT 3.0%RM1,000 CP ALL PCL 2.9%

AIA Group Ltd 2.9%Minimum Subsequent HKBN Ltd 2.8%Investment Cheung Kong Infrastructure 2.8%RM100

Repurchase Charge Sector Allocation as at 31 January 2016* Country Allocation as at 31 January 2016*Nil

As at 31 January 2016*Fund Size

NAV Per Unit

(1) As at 15 June 2012, the Benchmark was replaced by the MSCI AC Asia Ex Japan Index.

Benchmark

(2) The Fund is not expected to make distribution. However, incidental distribution may be declared whenever is appropriate. Where a distribution is declared, investors are advised that following the issue of additional Units/distribution, theNAV per Unit will be reduced from cum-distribution NAV to ex-distribution NAV. The yield of the distributions are calculated based on the total dividend payout/ex-distribution NAV.

* The data provided above are that of the Fund and are a percentage of NAV as at 31 January 2016 . All figures are subject to frequent changes on a daily basis. The total for Sector and Country Allocation might not add up to 100% due to rounding.


(2) Distribution Policy : Incidental

Gross Distribution

RM126.1 million

RM0.5055

Based on the Fund's portfolio returns as at 31 December 2015, the Volatility Factor (VF) for this Fund is 7.6 and is classified as Moderate (source: Lipper). Moderate includes Funds with VF that are above 6.550 but not more than 8.645.The VF means there is a possibility for the Fund in generating an upside return or downside return around this VF. The Volatility Class (VC) is assigned by Lipper based on quintile ranks of VF for qualified funds. The Fund's portfolio mayhave changed since this date and there is no guaranteed that the Fund will continue to have the same VF or VC in the future. Presently, only funds launched in the market for at least 36 months will display the VF and its VC.

(sen)5.00


This document is prepared by Affin Hwang Asset Management Bhd (429786-T). It is not intended to be an offer invitation to subscribe or purchase any securities. The information contained herein has been obtained from sources believedin good faith to be reliable, however, no guarantee is given in its accuracy or completeness. Past performance of the Fund is not an indicative of its future performance. Prices and distribution payable, if any, can go down as well as up. AProduct Highlights Sheet (PHS) is available for the Fund and investors have the right to request for a copy of it. The Replacement Master Prospectus (MP) dated 18 July 2015 has been registered as well as the PHS has been lodged withthe Securities Commission Malaysia, who takes no responsibility for its contents. Investors are advised to read and understand the contents of the PHS and the MP before investing. Application for Units can only be made on receipt of aform of application referred to in and accompanying the PHS and the MP. Investors should also consider the fees and charges involved. A copy of the PHS and the MP can be obtained at our office or any of our sales offices. The Fundmay not be suitable for all and if in doubt, investors should seek independent advice

Top Holdings as at 31 January 2016*

Year To Date

Affin Hwang Select Asia (ex Japan) Opportunity Fund

An equity fund that provides exposure to prevailing opportunities and themes through investments within the Asian (ex Japan) region.

August 2006 to January 2016 NAV-NAV prices and assuming reinvestment ofdistributions into the Fund, gross investment based in RM. The value of Units maygo down as well as up. Past performance is not indicative of future performance.Source: Lipper

Performance Table as at 31 January 2016*Total Return(%)

Since Inception


Since Inception

50

70

90

110

130

150

170

190

Aug 06 Jun 08 May 10 Apr 12 Mar 14 Jan 16

Inde

xed

Per

form

ance

(%)

(1)

Benchmark

SAOF

18.9%

2.0%

4.5%

7.8%

7.9%

9.8%

11.5%

14.2%

23.4%


Oil & Gas

Telecommunications

Industrials

Utilities

Technology

Consumer Goods

Consumer Services

Financials

18.9%

2.1%

4.0%

4.5%

4.5%

5.0%

9.8%

14.5%

16.6%

20.1%


Others

Thailand

Taiwan

Singapore

South Korea

Malaysia

Indonesia

China

Hong Kong




Source: Lipper

Benchmark


Launch Date / IOP Benchmark -5.8 1.1 2.1 7.57 September 2001 / RM0.50 Source: Lipper


Fund -3.0 2.0 2.6 21.3Financial Year End Benchmark -1.7 -2.9 -6.2 11.431 July Source: Lipper

Initial Sales Charge Top Holdings as at 31 January 2016* Income Distribution History (past 10 years)Cash Sales Equities % YieldMax 5.5% of the NAV per unit Tenaga Nasional Bhd 6.1% (%)EPF Sales Genting Plantations Bhd 5.9% 2006 8.00 11.7Max 3.0% of the NAV per unit QL Resources Berhad 4.2% 2007 12.00 13.0

Fraser & Neave Holdings Bhd 4.0% 2008 10.00 18.3Subscription Malayan Banking Bhd 3.8% 2009 2.00 3.4Cash / EPF Axiata Group Bhd 3.8% 2010 5.00 7.6

IGB REIT 3.6% 2011 5.00 6.4Annual Management Fee CIMB Group Holdings Bhd 3.2% 2012 5.10 6.3Up to 1.5% per annum Boustead Holdings Berhad 3.0% 2013 10.00 10.7

Allianz Malaysia Berhad 2.8% 2014 5.00 5.2Minimum Investment 2015 5.00 5.3RM1,000

Minimum SubsequentInvestment Sector Allocation as at 31 January 2016* Country Allocation as at 31 January 2016*RM100

Repurchase ChargeNil


NAV Per Unit

Overall rating**


RM0.8825

(sen)


RM542.3 million

September 2001 to January 2016 NAV-NAV prices and assuming reinvestment ofdistributions into the Fund, gross investment based in RM. The value of Units maygo down as well as up. Past performance is not indicative of future performance.Source: Lipper


Year To Date

Gross Distribution

Since Inception

Based on the Fund's portfolio returns as at 31 December 2015, the Volatility Factor (VF) for this Fund is 8.9 and is classified as High (source: Lipper). High includes Funds with VF that are above 8.645 but not more than 10.595.The VF means there is a possibility for the Fund in generating an upside return or downside return around this VF. The Volatility Class (VC) is assigned by Lipper based on quintile ranks of VF for qualified funds. The Fund's portfolio mayhave changed since this date and there is no guaranteed that the Fund will continue to have the same VF or VC in the future. Presently, only funds launched in the market for at least 36 months will display the VF and its VC.

**The Morningstar Rating is an assessment of a Fund's past performance-based on both return and risk-which shows how similar investments compare with their competitors. A high rating alone is insufficient basis for an investmentdecision.(1) Where a distribution is declared, investors are advised that following the issue of additional Units/distribution, the NAV per Unit will be reduced from cum-distribution NAV to ex-distribution NAV. The yield of the distributions arecalculated based on the total dividend payout/ex-distribution NAV.

This document is prepared by Affin Hwang Asset Management Bhd (429786-T). It is not intended to be an offer or invitation to subscribe or purchase any securities. The information contained herein has been obtained from sourcesbelieved in good faith to be reliable, however, no guarantee is given in its accuracy or completeness. Past performance of the Fund is not an indicative of its future performance. Prices and distribution payable, if any, can go down as wellas up. A Product Highlights Sheet (PHS) is available for the Fund and investors have the right to request for a copy of it. The Master Prospectus (MP) dated 18 July 2015 has been registered as well as the PHS has been lodged with theSecurities Commission Malaysia, who takes no responsibility for its contents. Investors are advised to read and understand the contents of the PHS and the MP before investing. Application for Units can only be made on receipt of a formof application referred to in and accompanying the PHS and the MP. Investors should also consider the fees and charges involved. A copy of the PHS and the MP can be obtained at our office or any of our sales offices. The Fund maynot be suitable for all and if in doubt, investors should seek independent advice.

* The data provided above is that of the Fund and is a percentage of NAV as at 31 January 2016 . All figures are subject to frequent changes on a daily basis. The total for Sector and Country Allocation might not add up to 100% due to rounding.


An unconstrained equity fund, anchored by Malaysian stocks with an Asian focus that attempts to provide absolute returns across market cycles.

Total Return(%)

FTSE Bursa MalaysianTop 100 Index (FBM100)

Since Inception


90

190

290

390

490

590

690

790

Sep 01 Feb 04 Jul 06 Nov 08 Apr 11 Aug 13 Jan 16

Inde

xed

Per

form

ance

(%)

Benchmark

SOF

8.0%

2.4%

3.9%

5.8%

6.0%

6.4%

7.7%

10.5%

15.0%

34.3%


Health Care

Technology

Oil & Gas

Telecommunications

Industrials

Utilities

Consumer Services

Consumer Goods

Financials

8.0%

1.0%

1.2%

2.3%

3.0%

5.0%

5.4%

74.1%


South Korea

Philippines

Hong Kong

China

Indonesia

Singapore

Malaysia


Fund Category Performance Record as at 31 January 2016* Performance Table as at 31 January 2016*Mixed Assets

1 Month 1 Year 3 Year Fund Type Fund -5.8 -0.9 24.7 15.9Income and Growth Benchmark -6.3 -3.5 23.8 18.6

Source: Lipper

Benchmark

1 Year 3 Year 5 Year Fund -0.9 7.7 8.2 1.7Benchmark -3.5 7.4 7.7 2.0Source: Lipper

Launch Date / IOP

2015 2014 2013Maturity Date Fund -5.8 10.2 14.2 8.5N/A Benchmark -6.3 11.2 15.6 6.2

Source: Lipper

Financial Year End30 April

Top Holdings as at 31 January 2016* Income Distribution HistoryInitial Sales Charge Equities YieldMax 5.5% of the NAV per Unit Tenaga Nasional Bhd 6.7% (%)

CT Environment Group Ltd 5.5% 2008 1.2Subscription IGB REIT 4.4% 2013 10.8Cash Harmonicare Medical Hldgs Ltd 4.4% 2014 4.7

Sunway REIT 4.3% 2015 1.0Annual Management Fee Telekomunikasi Indonesia 4.1%1.8% per annum PT Jasa Marga 3.9%

Pembangunan Perumahan Persero 3.4%Minimum Investment Waskita Karya Persero Tbk PT 3.2%RM1,000 CapitaLand Retail China Trust 3.1%

Minimum SubsequentInvestment Sector Allocation as at 31 January 2016* Country Allocation as at 31 January 2016*RM100



NAV Per Unit

(2) As at 21 December 2014 the Benchmark was replaced by the 75% MSCI AC Asia ex Japan Infrastructure Index and 25% Bloomberg Asia REIT Index.

Affin Hwang Select Asia Pacific (ex Japan) REITs and Infrastructure Fund

The VF means there is a possibility for the Fund in generating an upside return or downside return around this VF. The Volatility Class (VC) is assigned by Lipper based on quintile ranks of VF for qualified funds. The Fund's portfoliomay have changed since this date and there is no guaranteed that the Fund will continue to have the same VF or VC in the future. Presently, only funds launched in the market for at least 36 months will display the VF and its VC.


RM0.4627

Since Inception


RM103.1 million

0.50

Since Inception


5.00

25 April 2007 / RM0.50

Based on the Fund's portfolio returns as at 31 December 2015, the Volatility Factor (VF) for this Fund is 6.9 and is classified as Moderate (source: Lipper). Moderate includes Funds with VF that are above 6.550 but not more than 8.645

This document is prepared by Affin Hwang Asset Management Bhd (429786-T). It is not intended to be an offer or invitation to subscribe or purchase any securities. The information contained herein has been obtained from sourcesbelieved in good faith to be reliable, however, no guarantee is given in its accuracy or completeness. Past performance of the Fund is not an indicative of its future performance. Prices and distribution payable, if any, can go down aswell as up. A Product Highlights Sheet (PHS) is available for the Fund and investors have the right to request for a copy of it. The Master Prospectus dated 18 July 2015 has been registered as well as the PHS has been lodged with theSecurities Commission Malaysia, who takes no responsibility for its contents. Investors are advised to read and understand the contents of the PHS and the Prospectus before investing. Application for Units can only be made on receiptof a form of application referred to in and accompanying the PHS and the Prospectus. Investors should also consider the fees and charges involved. A copy of the PHS and the Prospectus can be obtained at our office or any of oursales offices. The Fund may not be suitable for all and if in doubt, investors should seek independent advice.

0.50

(1) Where a distribution is declared, investors are advised that following the issue of additional Units/distribution, the NAV per Unit will be reduced from cum-distribution NAV to ex-distribution NAV. The yield of the distributions arecalculated based on the total dividend payout/ex-distribution NAV.


2.00


A mixed assets fund that aims to provide a combination of income and growth through investments in the REITs and infrastructure sector within the Asia Pacific (ex Japan) region.

May 2007 to January 2016 NAV-NAV prices and assuming reinvestment ofdistributions into the Fund, gross investment based in RM. The value of Units maygo down as well as up. Past performance is not indicative of future performance.Source: Lipper

Gross Distribution(sen)

Total Return(%)

75% MSCI All Country Asia ex Japan Infrastructure Index + 25% Bloomberg Asia Real Estate Investment Trust Index

Year To Date

50

70

90

110

130

150

May 07 Oct 08 Apr 10 Sep 11 Feb 13 Aug 14 Jan 16

Inde

xed

Per

form

ance

(%)

(2)

SAPRIF

Benchmark

21.5%

3.0%

4.4%

6.0%

6.7%

28.1%

30.3%


Technology

Health Care

Telecommunications

Utilities

Industrials

Financials

21.5%

0.5%

2.5%

3.0%

4.2%

9.1%

17.4%

18.7%

23.1%


India

Thailand

Hong Kong

Philippines

Singapore

China

Indonesia

Malaysia



1 Month 1 Year 3 Year Fund Type Fund -6.8 -1.5 N/A 0.5Growth & Income Benchmark -11.1 -16.5 N/A -13.2

Source: Lipper

Benchmark

1 Year 3 Year 5 Year Fund -1.5 N/A N/A 0.4

Launch Date / IOP Benchmark -16.5 N/A N/A -12.2Source: Lipper


Fund -6.8 8.0 - -Financial Year End Benchmark -11.1 -3.4 - -31 August Source: Lipper

Initial Sales ChargeMax 5.5% of the NAV per Unit Top Holdings as at 31 January 2016* Income Distribution History

EquitiesSubscription HKBN Ltd 3.5%Cash MTR Corp Ltd 3.4%

Dah Sing Banking Group Ltd 3.3%Annual Management Fee Bank Mandiri Persero Tbk PT 3.1%1.85% per annum Tenaga Nasional Bhd 3.0%

Cheung Kong Infrastructure 3.0%Minimum Investment CP ALL PCL 2.9%RM1,000 AIA Group Ltd 2.9%

Hong Leong Bank Bhd 2.4%Minimum Subsequent Great Eastern Holdings LTD 2.3%InvestmentRM100

Sector Allocation as at 31 January 2016* Country Allocation as at 31 January 2016*Repurchase Charge


NAV Per Unit

Total Return(%)

December 2014 to January 2016 NAV-NAV prices and assuming reinvestmentof distributions into the Fund, gross investment based in RM. The value of Unitsmay go down as well as up. Past performance is not indicative of futureperformance.Source: Lipper


This document is prepared by Affin Hwang Asset Management Bhd (formerly known as Hwang Investment Management Bhd) (429786-T). It is not intended to be an offer or invitation to subscribe or purchase any securities.The information contained herein has been obtained from sources believed in good faith to be reliable, however, no guarantee is given in its accuracy or completeness. Past performance of the Fund is not an indicative of itsfuture performance. Prices and distribution payable, if any, can go down as well as up. A Product Highlights Sheet (PHS) is available for the Fund and investors have the right to request for a copy of it. The Prospectus dated8 December 2015 has been registered as well as the PHS has been lodged with the Securities Commission Malaysia, who takes no responsibility for its contents. Investors are advised to read and understand the contents ofthe PHS and the Prospectus before investing. Application for Units can only be made on receipt of a form of application referred to in and accompanying the PHS and the Prospectus. Investors should also consider the feesand charges involved. A copy of the PHS and the Prospectus can be obtained at our office or any of our sales offices. The Fund may not be suitable for all and if in doubt, investors should seek independent advice.

Affin Hwang Select Asia Pacific (ex Japan) Dividend Fund

An equity fund that seeks to provide regular income and capital growth over the medium to long-term period through investments in dividendyielding equities and “future dividend leaders".

MSCI AC Asia Pacific ex Japan High Dividend Yield Index

8 December 2014 / RM0.50


Since Inception

Distribution Policy : Distribution of income, if any, would be on semi-annual basis.


RM198.8 million

RM0.5025

Year To Date


1.0% of the NAV per Unit for any investment within the first 6 months.

(1) As at 8 December 2015, the Benchmark was replaced by the MSCI AC Asia Pacific ex Japan High Dividend Yield Index.

Since Inception

85

90

95

100

105

110

115

Dec 14 Apr 15 Jul 15 Oct 15 Jan 16

Inde

xed

Per

form

ance

(%)

SAPDF

Benchmark

22.0%

2.2%

3.3%

3.7%

3.7%

7.6%

7.8%

8.0%

11.5%

30.2%


Health Care

Consumer Goods

Industrials

Oil & Gas

Technology

Telecommunications

Utilities

Consumer Services

Financials

22.0%

0.5%

2.2%

2.9%

6.4%

7.3%

8.4%

10.9%

18.2%

21.2%


Others

Taiwan

Thailand

Australia

China

Indonesia

Singapore

Malaysia

Hong Kong

(1)

Fund Category Performance Record as at 31 January 2016* Performance Table as at 31 January 2016*

Equity Cumulative Returns Over The Period (%)

1 Month 1 Year 3 Year

Fund Type Fund -2.1 -0.6 20.7 52.2Benchmark -4.7 -8.8 -1.0 8.4Source: Lipper

Benchmark


Fund -0.6 6.5 N/A 9.2

Benchmark -8.8 -0.3 N/A 1.7Source: Lipper

2015 2014 2013

Maturity Date Fund -2.1 4.4 7.1 10.9

N/A Benchmark -4.7 -2.5 -4.6 11.2Source: Lipper

Financial Year End

Top Holdings as at 31 January 2016* Income Distribution History

Initial Sales Charge Equities % Yield

Cash Sales Tenaga Nasional Bhd 5.8% (%)

Max 5.5% of the NAV per Unit Malayan Banking Bhd 5.2% 2012 5.4

EPF Sales Allianz Malaysia Berhad 4.6% 2013 6.5

Max 3.0% of the NAV per Unit Hong Leong Financial Group Bhd 4.2% 2014 8.1

Public Bank Bhd 4.1% 2015 8.5

Subscription Reach Energy Bhd 3.9%

Cash / EPF IGB REIT 3.6%

Telekom Malaysia Bhd 3.5%

Annual Management Fee QL Resources Berhad 3.4%

1.5% per annum Spritzer Bhd 3.2%

Minimum Investment

RM1,000 Sector Allocation as at 31 January 2016* Country Allocation as at 31 January 2016*

RM100

Repurchase Charge

Nil


Fund Size

NAV Per Unit

RM0.5782

Overall rating**

3.10

Gross Distribution

(sen)

**The Morningstar Rating is an assessment of a Fund's past performance-based on both return and risk-which shows how similar investments compare with their competitors. A high rating alone is insufficient basis for an investment

decision.

Based on the Fund's portfolio returns as at 31 December 2015, the Volatility Factor (VF) for this Fund is 6.5 and is classified as Low (source: Lipper). Low includes Funds with VF that are above 1.395 but not more than 6.550.

Minimum Subsequent

Investment

4.00

The VF means there is a possibility for the Fund in generating an upside return or downside return around this VF. The Volatility Class (VC) is assigned by Lipper based on quintile ranks of VF for qualified funds. The Fund's portfolio

may have changed since this date and there is no guaranteed that the Fund will continue to have the same VF or VC in the future. Presently, only funds launched in the market for at least 36 months will display the VF and its VC.

Since

Inception

Annualised

Return(%)

Since

Inception

Calendar Year

Return(%)

Year To

Date

Launch Date / IOP

28 March 2011 / RM0.50

April 2011 to January 2016 NAV-NAV prices and assuming reinvestment of



Source: Lipper

30 September

Affin Hwang Select Dividend Fund

An income driven, absolute return focused fund that aims for capital appreciation and semi annual income distribution through

investments in high dividend yielding equities and future potential dividend generating equities .


100 Index + 30% Dow Jones/Asia

Pacific Select Dividend 30 Index

Total

Return(%)

Income & Growth

* The data provided above are that of the Fund and are a percentage of NAV as at 31 January 2016 . All figures are subject to frequent changes on a daily basis. The total for Sector and Country Allocation might not add up to 100% due

to rounding.

RM185.6 million

(1)Where a distribution is declared, investors are advised that following the issue of additional Units/distribution, the NAV per Unit will be reduced from cum-distribution NAV to ex-distribution NAV. The yield of the distributions are

calculated based on the total dividend payout/ex-distribution NAV.

5.00

(1)Distribution Policy : Distribution of income, if any, would be on semi-

annual basis

5.00


believed in good faith to be reliable, however, no guarantee is given in its accuracy or completeness. Past performance of the Fund is not an indicative of its future performance. Prices and distribution payable, if any, can go down as

well as up. A Product Highlights Sheet (PHS) is available for the Fund and investors have the right to request for a copy of it. The Prospectus dated 28 March 2015 and Supplemental Prospectus dated 6 April 2015 have been registered

as well as the PHS has been lodged with the Securities Commission Malaysia, who takes no responsibility for its contents. Investors are advised to read and understand the contents of the PHS and the Prospectuses before investing.

Application for Units can only be made on receipt of a form of application referred to in and accompanying the PHS and the Prospectuses. Investors should also consider the fees and charges involved. A copy of the PHS and the

Prospectuses can be obtained at our office or any of our sales offices. The Fund may not be suitable for all and if in doubt, investors should seek independent advice.

80

100

120

140

160

180

Apr 11 Jun 12 Sep 13 Nov 14 Jan 16

Indexed P

erf

orm

ance (

%)

Benchmark

SDF

6.1%

2.4%

2.6%

4.2%

6.8%

7.1%

8.1%

8.2%

13.7%

40.8%


Health Care

Technology

Industrials

Utilities

Consumer Services

Telecommunications

Oil & Gas

Consumer Goods

Financials

6.1%

2.3%

2.4%

2.9%

3.6%

6.6%

76.1%


Hong Kong

China

Thailand

South Korea

Indonesia

Malaysia




1 Month 1 Year 3 Year Fund Type Fund -4.8 -0.8 N/A 0.3

Benchmark -4.9 5.2 N/A 12.7Source: Lipper

Benchmark

1 Year 3 Year 5 Year Fund -0.8 N/A N/A 0.3Benchmark 5.2 N/A N/A 11.5Source: Lipper


Fund -4.8 5.3 - -Financial Year End Benchmark -4.9 17.4 - -30 April Source: Lipper

Initial Sales Charge Top Holdings as at 31 January 2016* Income Distribution HistoryMax 5.5% of the NAV per Unit Bonds

Issuer Coupon Maturity Date %RGB International Bhd 0.00% 14.03.16 6.0%

Cash Public Bank Bhd 6.84% 22.08.16 5.1%Yinson TMC Sdn Bhd 7.00% 25.09.20 5.0%

Annual Management Fee Greenland Global Invt Ltd 3.50% 17.10.17 5.0%Up to 1.85% per annum Lippo Karawaci Tbk PT 7.00% 16.05.16 5.0%

Minimum Investment Equities %RM1,000 Tencent Holdings Ltd 2.6%

Bank Mandiri Persero Tbk PT 2.5%Minimum Subsequent Astra International Tbk PT 2.1%Investment Telekomunikasi Indonesia 2.0%RM100 Tenaga Nasional Bhd 2.0%

Repurchase ChargeSector Allocation as at 31 January 2016* Credit Profile as at 31 January 2016*


NAV Per UnitRM0.5015

5.9%

2.4 years (%)


^^ Bonds rated either by Standard & Poor's or Moody

This document is prepared by Affin Hwang Asset Management Bhd (formerly known as Hwang Investment Management Bhd) (429786-T). It is not intended to be an offer or invitation to subscribe or purchase any securities. The informationcontained herein has been obtained from sources believed in good faith to be reliable, however, no guarantee is given in its accuracy or completeness. Past performance of the Fund is not an indicative of its future performance. Prices anddistribution payable, if any, can go down as well as up. A Product Highlights Sheet (PHS) is available for the Fund and investors have the right to request for a copy of it. The Prospectus dated 8 December 2015 has been registered as wellas the PHS has been lodged with the Securities Commission Malaysia, who takes no responsibility for its contents. Investors are advised to read and understand the contents of the PHS and the Prospectus before investing. Application forUnits can only be made on receipt of a form of application referred to in and accompanying the PHS and the Prospectus. Investors should also consider the fees and charges involved. A copy of the PHS and the Prospectus can beobtained at our office or any of our sales offices. The Fund may not be suitable for all and if in doubt, investors should seek independent advice.

RM16.5 million

Maturity Date

Portfolio Duration

* The data provided above is that of the Fund and is a percentage of NAV as at 31 January 2016. All figures are subject to frequent changes on a daily basis. The total for Sector Allocation and Credit Profile might not add up to 100% due torounding.

Coupon

(1) As at 8 December 2015, the Benchmark was replaced by the 50% MSCI AC Asia Pacific ex Japan Index for equity investment and 50% RAM Quantshop MGS All Index for fixed income investment.

Distribution Policy : Distribution of income, if any, would be on semi-annualbasis.

50% MSCI AC Asia Pacific ex Japan Index + 50% RAM Quantshop MGS All Index

Launch Date / IOP

Since Inception

Since Inception

8 December 2014 / RM0.50

Portfolio Yield

1.0% of the NAV per Unit for any investment within the first 6 months.


Growth and Income

Subscription

Affin Hwang Select Asia Pacific (ex Japan) Balanced Fund

Total Return(%)



Year To Date

Balanced

A balanced fund that seeks to provide growth and income opportunities through a diversified portfolio containing a mixture of equities and fixed incomeinstruments within the Asia Pacific (ex Japan) region.

December 2014 to January 2016 NAV-NAV prices and assuming reinvestment ofdistributions into the Fund, gross investment based in RM. The value of Units may go downas well as up. Past performance is not indicative of future performance.Source: Lipper

90

95

100

105

110

115

120

125

Dec 14 Apr 15 Jul 15 Oct 15 Jan 16

Inde

xed

Per

form

ance

(%)

Benchmark

SAPBAF

17.7%

1.3%

2.0%

3.1%

4.5%

5.8%

6.7%

7.8%

10.7%

40.4%


Oil & Gas

Utilities

Telecommunications

Industrials

Technology

Consumer Services

Consumer Goods

Financials

Bonds

12.4%

37.2%

50.4%

BB^^

BBB^^

Others

(1)



1 Month 1 Year 3 Year Fund Type Fund -1.8 0.4 14.6 211.4

Benchmark -0.7 -1.2 6.9 93.1Source: Lipper

Benchmark

1 Year 3 Year 5 Year Fund 0.4 4.6 6.5 9.5Benchmark -1.2 2.3 2.7 5.4Source: Lipper


Fund -1.8 4.4 0.2 11.1Financial Year End Benchmark -0.7 0.3 -1.5 7.330 June Source: Lipper

Initial Sales Charge Top Holdings as at 31 January 2016* Income Distribution History (past 10 years)Cash Sales Bonds YieldMax 5.5% of the NAV per Unit Issuer Coupon Maturity Date % (%)EPF Sales Mah Sing Group Bhd 6.80% 31.03.49 4.0% 2006 5.3Max 3.0% of the NAV per Unit Yinson TMC Sdn Bhd 7.00% 25.09.49 3.3% 2007 8.5

Public Finance Berhad 7.50% 05.06.59 2.2% 2008 9.9BGSM Management Sdn Bhd 7.10% 28.12.22 2.2% 2009 10.7

Cash / EPF Inverfin Sdn Bhd 4.20% 28.02.19 2.2% 2010 9.52011 8.6

Annual Management Fee Equities % 2012 8.6Up to 1.5% per annum Genting Plantations Bhd 3.2% 2013 4.6

Tenaga Nasional Bhd 3.1% 2014 4.5Minimum Investment Tencent Holdings Ltd 2.9% 2015 4.8RM1,000 Malayan Banking Bhd 2.4%

QL Resources Berhad 2.2%Minimum SubsequentInvestmentRM100 Sector Allocation as at 31 January 2016* Credit Profile as at 31 January 2016*




4.6%

3.1 years (%)


^^ Bonds rated either by Standard & Poor's or Moody

Overall rating**

This document is prepared by Affin Hwang Asset Management Bhd (429786-T). It is not intended to be an offer or invitation to subscribe or purchase any securities. The information contained herein has been obtained from sourcesbelieved in good faith to be reliable, however, no guarantee is given in its accuracy or completeness. Past performance of the Fund is not an indicative of its future performance. Prices and distribution payable, if any, can go down as wellas up. A Product Highlights Sheet (PHS) is available for the Fund and investors have the right to request for a copy of it. The Master Prospectus (MP) dated 18 July 2015 has been registered as well as the PHS has been lodged with theSecurities Commission Malaysia, who takes no responsibility for its contents. Investors are advised to read and understand the contents of the PHS and the MP before investing. Application for Units can only be made on receipt of a formof application referred to in and accompanying the PHS and the MP. Investors should also consider the fees and charges involved. A copy of the PHS and the MP can be obtained at our office or any of our sales offices. The Fund maynot be suitable for all and if in doubt, investors should seek independent advice.

RM249.9 million

Maturity Date

5.00

Portfolio Duration

* The data provided above is that of the Fund and is a percentage of NAV as at 31 January 2016. All figures are subject to frequent changes on a daily basis. The total for Sector Allocation and Credit Profile might not add up to 100% dueto rounding.**The Morningstar Rating is an assessment of a Fund's past performance-based on both return and risk-which shows how similar investments compare with their competitors. A high rating alone is insufficient basis for an investment(1) Where a distribution is declared, investors are advised that following the issue of additional Units/distribution, the NAV per Unit will be reduced from cum-distribution NAV to ex-distribution NAV.

Coupon

Since Inception

Since Inception

28 July 2003 / RM0.50

2.90

5.00

Growth and Income

Subscription

5.005.10

5.00

3.00(1) Distribution Policy : Distribution of income, if any, would be on semi-annual basis

3.00

2.505.00

Balanced

50% FBM Top 100 Index + 50% Maybank 12-Month Fixed Deposit Rate

Launch Date / IOP

Gross Distribution


(sen)

Portfolio Yield

Based on the Fund's portfolio returns as at 31 December 2015, the Volatility Factor (VF) for this Fund is 5.4 and is classified as Low (source: Lipper). Low includes Funds with VF that are above 1.395 but not more than 6.550.The VF means there is a possibility for the Fund in generating an upside return or downside return around this VF. The Volatility Class (VC) is assigned by Lipper based on quintile ranks of VF for qualified funds. The Fund's portfolio mayhave changed since this date and there is no guaranteed that the Fund will continue to have the same VF or VC in the future. Presently, only funds launched in the market for at least 36 months will display the VF and its VC.


An absolute return focused fund that targets to provide a balance between high level of cash flow as well as growth, through a mixture of investments in Malaysian and foreign fixed income and equities.

August 2003 to January 2016 NAV-NAV prices and assuming reinvestment of distributionsinto the Fund, gross investment based in RM. The value of Units may go down as well as up.Past performance is not indicative of future performance.Source: Lipper

Total Return(%)



Year To Date

95

135

175

215

255

295

335

Aug 03 Sep 05 Oct 07 Oct 09 Nov 11 Dec 13 Jan 16

Inde

xed

Per

form

ance

(%)

Benchmark

SBAF

8.2%

0.8%

1.2%

3.7%

4.4%

4.7%

5.1%

11.4%

16.6%

43.9%


Oil & Gas

Other

Utilities

Technology

Telecommunications

Industrials

Consumer Goods

Financials

Bond

2.0%

7.3%

19.5%

20.0%

51.2%

BB^^

BBB^^

Others

AAA

AA



1 Month 1 Year 3 Year Fund Type Fund (AUD) 0.1 1.1 17.5 37.1Income & Growth Benchmark -0.9 -1.1 6.2 18.7

Fund (RM) -6.2 5.7 7.1 38.1Benchmark Source: Lipper

1 Year 3 Year 5 Year Fund (AUD) 1.1 5.5 N/A 6.7Benchmark -1.1 2.0 N/A 3.6

Base Currency Fund (RM) 5.7 2.3 5.7 5.7AUD Source: Lipper

Launch Date / IOP2015 2014 2013

Fund (AUD) 0.1 2.8 9.0 5.9Benchmark -0.9 -0.2 3.0 5.6

Financial Year End Fund (RM) -6.2 12.7 7.0 -2.531 August Source: Lipper

Initial Sales Charge Top Holdings as at 31 January 2016* Income Distribution HistoryMax 3.0% of the NAV per Unit Bonds

Issuer Coupon Maturity Date % RM ClassSubscription Australian Government 3.25% 21.04.25 3.0% sen/(%)Cash Crown Group Finance Ltd 4.50% 18.11.19 2.9% 2011 2.50 / 4.7

Australian Government 4.75% 21.04.27 2.4% 2012 2.50 / 4.7 2.55 / 4.6Annual Management Fee ICICI Bank Limited 6.13% 03.04.19 2.4% 2013 2.00 / 3.6 2.00 / 3.71.5% per annum Hyundai Cap Serv Inc 4.50% 16.05.17 2.3% 2014 1.25 / 2.2 2.50 / 4.6

2015 1.25 / 2.1 2.50 / 4.4Minimum Investment / (1) Equities %

Caltex Australia Ltd 1.6%Sydney Airport 1.5%

AUD5,000 / AUD1,000 Transurban Group 1.4%RM1,000 / RM100 AMP Ltd 1.1%

Westpac Banking Corp 1.1%As at 31 January 2016*Fund Size / NAV Per UnitAUD157.8 million / AUD0.6057 Sector Allocation as at 31 January 2016* Credit Profile as at 31 January 2016*

Portfolio Yield3.4%

Portfolio Duration4.0 years


Affin Hwang Select AUD Income Fund

Based on the Fund's portfolio returns as at 31 December 2015, the Volatility Factor (VF) for this Fund is 3.4 and is classified as Low. Whereas the VF for Affin Hwang Select AUD Income Fund (RM Class) is 8.1 and is classified as Moderate. (source: Lipper). Low includes Funds with VF that are above 1.395 but not more than 6.550. While Moderate includes funds with VF that are above 6.550 but not more than 8.645.

The VF means there is a possibility for the Fund in generating an upside return or downside return around this VF. The Volatility Class (VC) is assigned by Lipper based on quintile ranks of VF for qualified funds. The Fund's portfolio mayhave changed since this date and there is no guaranteed that the Fund will continue to have the same VF or VC in the future. Presently, only funds launched in the market for at least 36 months will display the VF and its VC.

(2) Where a distribution is declared, investors are advised that following the issue of additional Units/distribution, the NAV per Unit will be reduced from cum-distribution NAV to ex-distribution NAV. The yield of the distributions arecalculated based on the total dividend payout/ex-distribution NAV.

Minimum Subsequent Investment

RM47.4 million / RM0.5572

(2) Distribution Policy : Distribution of income, if any, would be on semi-annual basis

(1) To invest in the AUD Class, investors are required to have a foreign currency accout (Australian Dollars)with any financial institutions as all transactions relating to the AUD Class will ONLY be made via telegraphic transfers.

This document is prepared by Affin Hwang Asset Management Bhd (429786-T). It is not intended to be an offer invitation to subscribe or purchase any securities. The information contained herein has been obtained from sources believedin good faith to be reliable, however, no guarantee is given in its accuracy or completeness. Past performance of the Fund is not an indicative of its future performance. Prices and distribution payable, if any, can go down as well as up. AProduct Highlights Sheet (PHS) is available for the Fund and investors have the right to request for a copy of it. The Prospectus dated 18 March 2015, Supplemental Prospectus dated 6 April 2015 have been regand SecondSupplemental Prospectus dated 7 August 2015 have been registered as well as the PHS has been lodged with the Securities Commission Malaysia, who takes no responsibility for its contents. Investors are advised to read andunderstand the contents of the PHS and the Prospectuses before investing. Application for Units can only be made on receipt of a form of application referred to in and accompanying the PHS and the Prospectuses. Investors shouldalso consider the fees and charges involved. A copy of the PHS and the Prospectuses can be obtained at our office or any of our sales offices. The Fund may not be suitable for all and if in doubt, investors should seek independentadvice

Since Inception


80% Reserve Bank of Australia Average Rate of Term Deposits + 20% Dow Jones Australia Select Dividend 30 Index

Since Inception

* The data provided above are that of the Fund and are a percentage of NAV as at 31 January 2016 . All figures are subject to frequent changes on a daily basis. The total for Sector Allocation and Credit Profile might not add up to 100%due to rounding.

Gross Distribution / YieldAUD Class

Total Return(%)

cents/(%)

An income driven, absolute return focused fund that targets to provide a high level of cash flow as well as growth, through mixture of investments in Australian fixed income and equities.

18 March 2011 / AUD0.5018 March 2010 / RM0.50



Year To Date

March 2011 to January 2016 NAV-NAV prices and assuming reinvestment of distributions into the Fund, gross investment based in AUD. The value of Units may go down as well as up. Past performance is not indicative of future performance.Source: Lipper

90

100

110

120

130

140

150

Mar 11 May 12 Aug 13 Oct 14 Jan 16

Inde

xed

Per

form

ance

(%)

Benchmark

SAUDIF (AUD Class)

14.7%

0.3%

1.5%

1.6%

3.8%

5.8%

72.2%


Consumer Goods

Health Care

Oil & Gas

Financials

Industrials

Bond

14.2%

14.8%

32.3%

38.7%

AAA

AA

A

BBB

RM Class AUD Class



1 Month 1 Year 3 Year Fund Type Fund (SGD) -1.6 -3.8 3.2 7.7Income Benchmark -2.7 -7.0 -5.4 -3.3

Fund (RM) -5.7 4.3 19.7 25.4Benchmark Source: Lipper

1 Year 3 Year 5 Year Fund (SGD) -3.8 1.0 N/A 2.2

Base Currency Benchmark -7.0 -1.9 N/A -1.0Fund (RM) 4.3 6.2 N/A 6.8Source: Lipper

Launch Date / IOP

2015 2014 2013Fund (SGD) -1.6 -0.9 5.0 2.9

Financial Year End Benchmark -2.7 -4.2 2.1 0.331 March Fund (RM) -5.7 13.8 7.3 6.4

Source: Lipper

Initial Max 3.0%

Income Distribution History

BondsSubscription Issuer Coupon Maturity Date % RM ClassCash Genting Singapore PLC 5.13% 12.09.17 4.3% sen/(%)

Religare Health Trust 4.50% 22.07.18 2.8% 2013 1.00 / 2.0 1.00 / 1.9Annual Management Fee ABN AMRO bank 4.70% 25.10.17 2.5% 2014 1.25 / 2.4 2.50 / 4.61.5% per annum Danga Capital Bhd 3.73% 11.08.20 2.2% 2015 1.00 / 1.9 1.53 / 2.7

Yinson TMC Sdn Bhd 7.00% 25.09.20 2.1%Minimum Investment / (1)

Equities %DBS Group Holdings Ltd 3.1%

SGD5,000 / SGD1,000 Mapletree Greater China 2.5%RM1,000 / RM100 Religare Health Trust 2.5%

CapitaLand Retail China Trust 2.1%As at 31 January 2016* Jardine Cycle & Carriage Ltd 1.8%Fund Size / NAV Per UnitSGD101.1 million / SGD0.5061

Sector Allocation as at 31 January 2016* Credit Profile as at 31 January 2016*

Portfolio Yield4.4%



(1) Investors are required to have a foreign currency account (Singapore Dollars) with any financial institutions as all transactions relating to the SGD Class will ONLY be made via telegraphic transfers.


^^ A large portion of the SGD-denominated bond universe does not have credit rating.

* The data provided above are that of the Fund and are a percentage of NAV as at 31 January 2016 . All figures are subject to frequent changes on a daily basis. The total for Sector Allocation and Credit Profile might not add up to 100% dueto rounding.


Year To Date

This document is prepared by Affin Hwang Asset Management Bhd (429786-T). It is not intended to be an offer or invitation to subscribe or purchase any securities. The information contained herein has been obtained from sources believedin good faith to be reliable, however, no guarantee is given in its accuracy or completeness. Past performance of the Fund is not an indicative of its future performance. Prices and distribution payable, if any, can go down as well as up. AProduct Highlights Sheet (PHS) is available for the Fund and investors have the right to request for a copy of it. The Prospectus dated 1 July 2015 has been registered as well as the PHS has been lodged with the Securities CommissionMalaysia, who takes no responsibility for its contents. Investors are advised to read and understand the contents of the PHS and the Prospectus before investing. Application for Units can only be made on receipt of a form of applicationreferred to in and accompanying the PHS and the Prospectus. Investors should also consider the fees and charges involved. A copy of the PHS and the Prospectus can be obtained at our office or any of our sales offices. The Fund maynot be suitable for all and if in doubt, investors should seek independent advice.

SGD Classcents/(%)

Since Inception


Top Holdings as at 31 January 2016*

70% 12-Month Singapore Banks Average FD rate + 30% Singapore's FTSE Straits Times

SGD

01 August 2012/ SGD0.5001 August 2012/ RM0.50

RM306.7 million / RM0.5727


Gross Distribution / Yield


Affin Hwang Select SGD Income Fund

An income driven, absolute return focused fund that endeavours to provide steady income distribution through investments primarily in SGD-denominated assets.

August 2012 to January 2016 NAV-NAV prices and assuming reinvestment of distributionsinto the Fund, gross investment based in SGD. The value of Units may go down as well asup. Past performance is not indicative of future performance.Source: Lipper

Total Return(%)

Since Inception


90

100

110

120

130

Aug 12 Mar 13 Oct 13 Apr 14 Nov 14 Jun 15 Jan 16

Inde

xed

Per

form

ance

(%)

Benchmark

SSGDIF (SGD Class)

10.7%

1.3%

2.5%

4.6%

16.9%

64.0%


Industrials

Consumer Goods

Consumer Services

Financials

Bonds

1.6%

13.3%

35.0%

50.1%

AA

A

BBB

Others^^


Fund Category Performance Record as at 31 January 2016*Fixed Income Cumulative Returns Over The Period (%)

1 Month 1 Year 3 Year Fund Type Fund -2.2 3.8 15.6 125.6Income and Growth Benchmark -3.4 -1.0 24.0 73.8

Source: Lipper

Benchmark

1 Year 3 Year 5 Year Fund 3.8 5.0 7.0 7.7Benchmark -1.0 7.4 5.8 5.1Source: Lipper

Launch Date / IOP6 January 2005 / RM0.50

2015 2014 2013Maturity Date Fund -2.2 8.6 6.9 2.9N/A Benchmark -3.4 7.5 10.9 7.2

Source: Lipper

Financial Year EndTop Holdings as at 31 January 2016* Income Distribution History (past 10 years)Bonds Yield

Initial Sales Charge Issuer Coupon Maturity Date % (%)Max 3.0% of the NAV per unit Genting Singapore PLC 5.13% 29.03.49 3.0% 2006 3.50 7.1

Yinson TMC Sdn Bhd 7.00% 25.09.49 2.8% 2007 3.50 6.7Subscription Malayan Banking Bhd 3.25% 20.09.22 1.9% 2008 0.50 1.0Cash China Life Ins Co. Ltd 4.00% 03.07.75 1.6% 2009 2.50 4.9

Parkson Retail Group Ltd 4.50% 03.05.18 1.5% 2010 2.50 4.3Annual Management Fee 2011 2.53 4.3Up to 1.5% per annum(3) Equities % 2012 2.03 3.2

AIA Group Ltd 3.0% 2013 2.50 3.9Minimum Investment Tenaga Nasional Bhd 2.0% 2014 2.50 3.8RM1,000 Tencent Holdings Ltd 1.2% 2015 2.50 3.6

Telekomunikasi Indonesia 1.0%Minimum Subsequent Allianz Malaysia Berhad 1.0%InvestmentRM100

Sector Allocation as at 31 January 2016* Currency Exposure as at 31 January 2016*Repurchase ChargeNil

As at 31 January 2016Fund Size

NAV Per Unit

5.2%

2.9 years

Overall rating**

Affin Hwang Select Income Fund

An income driven, absolute return focused fund that targets to provide a high level of cash flow as well as growth, through mixture of investments in fixed income and equities globally with an Asian focus.

70% Maybank 12-month Fixed Deposit Rate + 30% Dow Jones/Asia Pacific Select Dividend 30 Index


Since Inception

Since Inception

* The data provided above is that of the Fund and is a percentage of NAV as at 31 January 2016. All figures are subject to frequent changes on a daily basis. The total for Sector Allocation and Currency Exposure might not add up to 100%due to rounding.

January 2005 to January 2016 NAV-NAV prices and assuming reinvestment ofdistributions into the Fund, gross investment based in RM. The value of Units may go downas well as up. Past performance is not indicative of future performance.Source: Lipper


(1) Distribution Policy : Distribution of income, if any, would be on quarterlybasis


RM1,307.8 million

RM0.6926

Portfolio Yield

Based on the Fund's portfolio returns as at 31 December 2015, theVolatility Factor (VF) for this Fund is 3.5 and is classified as Low (source : Lipper). Low includes funds with VF that are above 1.395 but not more than 6.550.


Year To Date


The VF means there is a possibility for the Fund in generating an upside return or downside return around this VF. The Volatility Class (VC) is assigned by Lipper based on quintile ranks of VF for qualified funds. The Fund's portfolio mayhave changed since this date and there is no guaranteed that the Fund will continue to have the same VF or VC in the future. Presently, only funds launched in the market for at least 36 months will display the VF and its VC.This document is prepared by Affin Hwang Asset Management Bhd (429786-T). It is not intended to be an offer or invitation to subscribe or purchase any securities. The information contained herein has been obtained from sourcesbelieved in good faith to be reliable, however, no guarantee is given in its accuracy or completeness. Past performance of the Fund is not an indicative of its future performance. Prices and distribution payable, if any, can go down as well asup. A Product Highlights Sheet (PHS) is available for the Fund and investors have the right to request for a copy of it. The Master Prospectus (MP) dated 18 July 2015 has been registered as well as the PHS has been lodged with theSecurities Commission Malaysia, who takes no responsibility for its contents. Investors are advised to read and understand the contents of the PHS and the MP before investing. Application for Units can only be made on receipt of a formof application referred to in and accompanying the PHS and the MP. Investors should also consider the fees and charges involved. A copy of the PHS and the MP can be obtained at our office or any of our sales offices. The Fund may notbe suitable for all and if in doubt, investors should seek independent advice.

(1) Where a distribution is declared, investors are advised that following the issue of additional Units/distribution, the NAV per Unit will be reduced from cum-distribution NAV to ex-distribution NAV. The yield of the distributions are calculatedbased on the total dividend payout/ex-distribution NAV.

Portfolio Duration

(2) As at 18 July 2015, the Benchmark was replaced by 70% Maybank 12-month Fixed Deposit Rate and 30% Dow Jones/Asia Pacific Select Dividend 30 Index.(3) Effective 1 November 2015, the Management Fee shall be revised to 1.50% per annum of the NAV of the Fund.


95

115

135

155

175

195

215

235

Jan 05 Nov 06 Sep 08 Jul 10 May 12 Mar 14 Jan 16

Inde

xed

Per

form

ance

(%)

Benchmark

SIF

(2)

9.9%

1.1%

1.2%

1.2%

1.4%

2.0%

2.6%

3.2%

10.8%

66.6%


Telecommunications

Industrials

Technology

Health Care

Utilities

Consumer Goods

Consumer Services

Financials

Bond

0.0%

0.4%

1.0%

1.1%

1.5%

2.9%

4.7%

8.0%

12.6%

67.8%

1.6%

0.7%

1.0%

1.1%

1.6%

8.3%

4.7%

8.1%

45.7%

27.2%

Australia Dollar

Philippine Peso

South Korean Won

Chinese Yuan

Others

Singapore Dollar

Indonesia Rupiah

Hong Kong Dollar

US Dollar

Malaysia Ringgit

Before Hedging After Hedging


Fund Category Performance Record as at 31 January 2016* Performance Table as at 31 January 2016*Bond

1 Month 1 Year 3 Year Fund Type Fund (RM) -0.5 5.4 17.2 103.5Income Benchmark 0.3 5.7 37.5 88.5

Fund (USD) -0.8 0.8 N/A 5.2Benchmark Source: Lipper

1 Year 3 Year 5 Year Base Currency Fund (RM) 5.4 5.4 6.5 5.9RM Benchmark 5.7 11.2 7.9 5.2

Fund (USD) 0.8 N/A N/A 2.0Launch Date / IOP Source: Lipper

28 July 2003 / RM0.5018 July 2013 / USD0.50

2015 2014 2013Financial Year End Fund (RM) -0.5 7.3 8.0 2.430 June Benchmark 0.3 11.6 16.3 5.9

Fund (USD) -0.8 2.1 5.7 -1.8Initial Sales Charge Source: Lipper

Max 2.0% of the NAV per unit Top Holdings as at 31 January 2016* Income Distribution History (past 10 years)Bonds

Subscription Issuer Coupon Maturity Date % USD ClassCash Malayan Banking Bhd 3.25% 20.09.22 4.6% cents/(%)

Genting Singapore PLC 5.13% 29.03.49 3.2% 2006 2.50 / 4.9Shimao Property Hldgs Ltd 8.13% 22.01.21 2.8% 2007 2.50 / 4.8

Up to 1.0% per annum US Treasury N/B 1.38% 31.10.20 2.6% 2008 1.75 / 3.3Yinson TMC Sdn Bhd 7.00% 25.09.49 2.6% 2009 2.50 / 4.6

Minimum Investment / Royal Capital B.V. 6.25% 05.05.49 2.5% 2010 1.50 / 2.7Minimum Subsequent LS Finance Ltd 4.25% 16.10.22 2.5% 2011 2.50 / 4.4Investment PTT Exploration & Prod 4.88% 18.06.49 2.5% 2012 2.50 / 4.2RM1,000 / RM100 Franshion Brilliant Ltd 5.75% 19.03.19 2.1% 2013 2.50 / 4.1USD5,000 / USD1,000 Longfor Properties Co Ltd 6.75% 29.01.23 2.0% 2014 2.50 / 4.1 0.75 / 1.5

2015 3.00 / 4.7 1.00 / 2.0As at 31 January 2016*Fund Size / NAV Per UnitRM587.0 million / RM0.6452 Sector Allocation as at 31 January 2016* Credit Profile as at 31 January 2016*

Portfolio Yield5.1%


^^Foreign bonds rated either by Standard & Poor's or Moody's

Currency Exposure as at 31 January 2016*

Malaysia Ringgit 26.9% 78.0%US Dollar 52.4% 17.4%Indonesia Rupiah 3.4% 3.4%Chinese Yuan 1.0% 1.0%Australian Dollar 7.6% 0.1%Singapore Dollar 8.1% 0.1%Euro 0.7% 0.0%

Based on the Fund's portfolio returns as at 31 December 2015 , the Volatility Factor (VF) for this Fund is 2.5 and is classified as Low (source : Lipper). Low includes funds with VF that are above 1.395 but not more than 6.550.

* The data provided above are that of the Fund and are a percentage of NAV as at 31 January 2016 . All figures are subject to frequent changes on a daily basis. The total for Sector Allocation, Credit Profile and Currency Exposure might notadd up to 100% due to rounding.

Before Hedging

After Hedging

USD9.7 million / USD0.5080

The VF means there is a possibility for the Fund in generating an upside return or downside return around this VF. The Volatility Class (VC) is assigned by Lipper based on quintile ranks of VF for qualified funds. The Fund's portfolio may havechanged since this date and there is no guaranteed that the Fund will continue to have the same VF or VC in the future. Presently, only funds launched in the market for at least 36 months will display the VF and its VC.

**The Morningstar Rating is an assessment of a Fund's past performance-based on both return and risk-which shows how similar investments compare with their competitors. A high rating alone is insufficient basis for an investment decision.

(2) As at 18 July 2015, the Benchmark was replaced by the Maybank 12-month fixed deposit rate.



A global bond fund with Asian focus that seeks to provide a general level of income distribution and total returns from MYR perspective.

Total Return(%)



Year To Date

Cumulative Returns Over The Period (%) Since Inception

Since Inception

sen/(%)

This document is prepared by Affin Hwang Asset Management Bhd (429786-T). It is not intended to be an offer or invitation to subscribe or purchase any securities. The information contained herein has been obtained from sources believed ingood faith to be reliable, however, no guarantee is given in its accuracy or completeness. Past performance of the Fund is not an indicative of its future performance. Prices and distribution payable, if any, can go down as well as up. A ProductHighlights Sheet (PHS) is available for the Fund and investors have the right to request for a copy of it. The Master Prospectus (MP) dated 18 July 2015 has been registered as well as the PHS has been lodged with the Securities CommissionMalaysia, who takes no responsibility for its contents. Investors are advised to read and understand the contents of the PHS and the MP before investing. Application for Units can only be made on receipt of a form of application referred to inand accompanying the PHS and the MP. Investors should also consider the fees and charges involved. A copy of the PHS and the MP can be obtained at our office or any of our sales offices. The Fund may not be suitable for all and if indoubt, investors should seek independent advice.

Maybank 12-month Fixed Deposit Rate

August 2003 to January 2016 NAV-NAV prices and assuming reinvestment of distributions into the Fund, gross investment based in RM. The value of Units may go down as well as up. Past performance is not indicative of future performance.Source: Lipper

(1) Distribution Policy : Distribution of income, if any, would be on quarterly basis

Gross Distribution / YieldRM Class

Annual Management Fee

95

115

135

155

175

195

215

Aug 03 Sep 05 Oct 07 Oct 09 Nov 11 Dec 13 Jan 16

Inde

xed

Per

form

ance

(%)

SBOF (RM Class)

Benchmark

(2)

6.2%

4.3%

4.9%

6.1%

6.6%

8.8%

10.1%

10.3%

21.0%

21.7%


Insurance

Financial Services

Government

Oil & Gas

Others

Consumer Services

Industrials

Banks

Real Estate

6.2%

1.8%

2.2%

4.6%

5.0%

8.9%

11.5%

13.1%

20.4%

26.3%

Cash

AAA

B^^

AAA^^

AA^^

AA

A^^

BB^^

Others

BBB^^

RM Class


Fund Category Performance Record as at 31 January 2016* Performance Table as at 31 January 2016*Money Market

1 Month 1 Year 3 Year Fund Type Fund 0.3 3.6 10.4 40.4Income Benchmark 0.2 2.0 5.8 26.0

Source: Lipper

Benchmark

1 Year 3 Year 5 Year Launch Date / IOP Fund 3.6 3.4 3.2 3.218 April 2005 / RM1.00 Benchmark 2.0 1.9 1.8 2.2

Source: Lipper

Maturity DateN/A

2015 2014 2013Financial Year End Fund 0.3 3.6 3.3 3.130 April Benchmark 0.2 2.0 1.9 1.8

Source: Lipper

Initial Sales ChargeNil

Credit Profile as at 31 January 2016* Income Distribution HistoryYield

Cash / EPF (%)2006 2.72007 3.9

Up to 0.5% per annum 2008 3.22009 5.2

Minimum Investment 2010 2.3RM10,000 2011 2.1

2012 3.72013 1.32014 0.9

RM10,000 2015 0.96 0.9

Repurchase ChargeNil Maturity Profile as at 31 January 2016*

At as 31 January 2016*Fund Size

NAV Per Unit

Portfolio Yield4.4%

Portfolio Duration150 days

Maybank Overnight Repo Rate

(1) Distribution Policy : Distribution of income, if any, would be on monthly basis


RM1.0834

3.255.152.26


Subscription Gross Distribution(sen)

Affin Hwang Enhanced Deposit Fund

A money market fund that targets to provide enhanced yield over deposit rates while providing a high level of liquidity.

Total Return(%)



Year To Date

1.330.89

Since Inception

Since Inception

2.704.00

April 2005 to January 2016 NAV-NAV prices and assuming reinvestment ofdistributions into the Fund, gross investment based in RM. The value of Unitsmay go down as well as up. Past performance is not indicative of futureperformance.Source: Lipper


This document is prepared by Affin Hwang Asset Management Bhd (429786-T). It is not intended to be an offer or invitation to subscribe or purchase any securities. The information contained herein has been obtained from sourcesbelieved in good faith to be reliable, however, no guarantee is given in its accuracy or completeness. Past performance of the Fund is not an indicative of its future performance. Prices and distribution payable, if any, can go down as wellas up. A Product Highlights Sheet (PHS) is available for the Fund and investors have the right to request for a copy of it. The Master Prospectus (MP) dated 31 March 2015 has been registered as well as the PHS has been lodged withthe Securities Commission Malaysia, who takes no responsibility for its contents. Investors are advised to read and understand the contents of the PHS and the MP before investing. Application for Units can only be made on receipt of aform of application referred to in and accompanying the PHS and the MP. Investors should also consider the fees and charges involved. A copy of the PHS and MP the can be obtained at our office or any of our sales offices. The Fundmay not be suitable for all and if in doubt, investors should seek independent advice.

* The data provided above are that of the Fund and are a percentage of NAV as at 31 January 2016 . All figures are subject to frequent changes on a daily basis. The total for Sector Allocation, Credit Profile and Currency Exposure might not add up to 100% due to rounding.(1) Where a distribution is declared, investors are advised that following the issue of additional Units/distribution, the NAV per Unit will be reduced from cum-distribution NAV to ex-distribution NAV. The yield of the distributions are calculated based on the total dividend payout/ex-distribution NAV.

Based on the Fund's portfolio returns as at 31 December 2015 , the Volatility Factor (VF) for this Fund is 0.1 and is classified as Very Low (source : Lipper). Very Low includes funds with VF that are not more than 1.395.

The VF means there is a possibility for the Fund in generating an upside return or downside return around this VF. The Volatility Class (VC) is assigned by Lipper based on quintile ranks of VF for qualified funds. The Fund's portfolio may have changed since this date and there is no guaranteed that the Fund will continue to have the same VF or VC in the future. Presently, only funds launched in the market for at least 36 months will display the VF and its VC.

2.11

RM222.4 million

3.62

95

105

115

125

135

145

Apr 05 Feb 07 Nov 08 Sep 10 Jun 12 Apr 14 Jan 16

Inde

xed

Per

form

ance

(%)

Benchmark

AHEDF

79.3%

2.2%

4.4%

6.6%

7.5%

Cash

AAA

Others

P1

AA

17.9%

20.2%

25.2%

36.7%

9 - 12 months

6 - 9 months

3 - 6 months

0 - 3 months




Source: Lipper

BenchmarkFBM Emas Shariah Index


8 October 2002 / RM0.50 Benchmark -3.4 3.8 4.0 7.5Source: Lipper

N/A

Financial Year End 2015 2014 201331 August Fund -2.7 4.3 -1.2 24.5

Benchmark -3.0 2.4 -4.2 13.3Initial Sales Charge Source: Lipper

Cash Sales

Top Holdings as at 31 January 2016* Income Distribution History (past 10 years)Equities % YieldTenaga Nasional Bhd 7.1% (%)

EPF Sales IJM Corporation Bhd 5.2% 2006 7.0Max 3.0% of the NAV per Unit Syarikat Takaful Malaysia 4.2% 2007 8.2

Telekom Malaysia Bhd 4.0% 2008 8.5Genting Plantations Bhd 3.9% 2009 4.3

Cash / EPF Axiata Group Bhd 3.9% 2010 4.0QL Resources Berhad 3.7% 2011 6.3

Annual Management Fee WCT Holdings Bhd 3.5% 2012 3.6Up to 1.5% per annum Gamuda Bhd 3.3% 2013 10.0

Sime Darby Bhd 3.3% 2014 4.7Minimum Investment 2015 1.5RM1,000

Sector Allocation as at 31 January 2016*RM100

Nil


NAV Per Unit

Overall rating**

^Shariah-compliant Financials which is inclusive of Property and REITs.

RM0.9979

1.50

4.006.005.003.003.005.003.10

10.005.00

(1) The maximum sales charge of 6.5% may be imposed by Institutional Unit Trust Agents (IUTA) and 5.5% by Internal Distribution Channel of the Management Company (IDC) and Unit Trust Consultants (UTC).

Affin Hwang Aiiman Growth Fund

A total return fund that aims for capital appreciation through investment in Shariah-compliant Malaysian equities.

● Max 5.5% of the NAV per Unit for sales by IDC & UTC (1)

October 2002 to January 2016 NAV-NAV prices and assuming reinvestment ofdistributions into the Fund, gross investment based in RM. The value of Units maygo down as well as up. Past performance is not indicative of future performance.Source: Lipper

Total Return(%)



Since Inception

Since Inception

Subscription

Equity

Launch Date / IOP

(sen)

● Max 6.5% of the NAV per Unit sales by IUTA (1)

Year To Date

Gross Distribution

Maturity Date

RM321.1 million

Repurchase Charge

Based on the Fund's portfolio returns as at 31 December 2015, the Volatility Factor (VF) for this Fund is 11.1 and is classified as Very High (source: Lipper). Very High includes Funds with VF that are above 10.595.The VF means there is a possibility for the Fund in generating an upside return or downside return around this VF. The Volatility Class (VC) is assigned by Lipper based on quintile ranks of VF for qualified funds. The Fund's portfolio mayhave changed since this date and there is no guaranteed that the Fund will continue to have the same VF or VC in the future. Presently, only funds launched in the market for at least 36 months will display the VF and its VC.


(2) Where distribution is declared, investors are advised that following the issue of additional Units/distribution, the NAV per Unit will be reduced from cum-distribution NAV to ex-distribution NAV.


* The data provided above are that of the Fund and are a percentage of NAV as at 31 January 2016 . All figures are subject to frequent changes on a daily basis. The total for Sector Allocation might not add up to 100% due to rounding.

This document is prepared by Affin Hwang Asset Management Bhd. It is not intended to be an offer or invitation to subscribe or purchase any securities. The information contained herein has been obtained from sources believed in goodfaith to be reliable, however, no guarantee is given in its accuracy or completeness. Past performance of the Fund is not indicative of its future performance. Prices and distribution payable, if any, can go down as well as up. A ProductHighlights Sheet (PHS) is available for the Fund and investors have the right to request for a copy of it. The Replacement Master Prospectus dated 22 September 2014 and Supplemental Master Prospectus dated 6 April 2015 have beenregistered as well as the PHS has been lodged with the Securities Commission Malaysia, who takes no responsibility for its contents. Investors are advised to read and understand the contents of the PHS and the Master Prospectusesbefore investing. Application for Units can only be made on receipt of a form of application referred to in and accompanying the PHS and the Master Prospectuses. Investors should also consider the fees and charges involved. A copy ofthe PHS and the Master Prospectuses can be obtained at our office or any of our sales offices. The Fund may not be suitable for all and if in doubt, investors should seek independent advice.



90

190

290

390

490

590

Oct 02 Dec 04 Mar 07 Jun 09 Aug 11 Nov 13 Jan 16

Inde

xed

Per

form

ance

(%)

Benchmark

AGF

15.8%

3.9%

4.1%

7.1%

7.8%

8.5%

9.8%

12.0%

12.8%

18.2%


Health Care

Other

Utilities

Technology

Oil & Gas

Telecommunications

Financials^

Consumer Goods

Industrials


Fund Category Performance Record as at 31 January 2016* Performance Table as at 31 January 2016*Cumulative Returns Over The Period (%)

1 Month 1 Year 3 Year Fund Type Fund -1.4 -0.8 N/A 10.8Income Benchmark -0.7 1.7 N/A 10.7

Source: Lipper

Benchmark

1 Year 3 Year 5 Year Fund -0.8 N/A N/A 3.6Benchmark 1.7 N/A N/A 3.6Source: Lipper

1 March 2013 / RM0.50 2015 2014 2013Fund -1.4 2.0 3.5 6.4

Maturity Date Benchmark -0.7 3.4 1.1 6.7N/A Source: Lipper

Financial Year End31 March Top Holdings as at 31 January 2016* Income Distribution History

Sukuk YieldIssuer Coupon Maturity Date % (%)Al-'Aqar Capital Sdn Bhd 4.35% 04.05.18 12.5% 2014 4.8Gamuda Bhd 4.21% 26.10.18 11.8% 2015 2.50 4.9

Subscription First Resources Ltd 4.45% 31.07.17 6.3%Cash AmBank Islamic Bhd 4.40% 30.09.21 5.0%

First Resources Ltd 4.30% 08.12.17 5.0%Annual Management Fee1.2% per annum Equities %

IJM Corporation Bhd 1.6%Minimum Investment BIMB Holdings Bhd 1.5%RM1,000 Tenaga Nasional Bhd 1.4%

Axiata Group Bhd 1.4%Tencent Holdings Ltd 1.3%

RM100Sector Allocation as at 31 January 2016* Currency Exposure as at 31 January 2016*

Nil


NAV Per Unit

Portfolio Yield4.4%


Max 3.0% of the NAV per Unit



70% 12-month Maybank General Investment Account (GIA) + 30% FTSE Bursa Malaysia EMAS Shariah Index (FBMSHA)

Launch Date / IOP

* The data provided above is that of the Fund and is a percentage of NAV as at 31 January 2016. All figures are subject to frequent changes on a daily basis. The total for Sector Allocation and Currency Exposure might not add up to 100%due to rounding.

Initial Sales Charge

This document is prepared by Affin Hwang Asset Management Bhd (429786-T). It is not intended to be an offer or invitation to subscribe or purchase any securities. The information contained herein has been obtained from sources believedin good faith to be reliable, however, no guarantee is given in its accuracy or completeness. Past performance of the Fund is not indicative of its future performance. Prices and distribution payable, if any, can go down as well as up. AProduct Highlights Sheet (PHS) is available for the Fund and investors have the right to request for a copy of it. The Prospectus dated 1 March 2015 and Supplemental Prospectus dated 6 April 2015 have been registered as well as the PHShas been lodged with the Securities Commission Malaysia, who takes no responsibility for its contents. Investors are advised to read and understand the contents of the PHS and the Prospectuses before investing. Application for Units canonly be made on receipt of a form of application referred to in and accompanying the PHS and the Prospectuses. Investors should also consider the fees and charges involved. A copy of the PHS and the Prospectuses can be obtained atour office or any of our sales offices. The Fund may not be suitable for all and if in doubt, investors should seek independent advice.

RM79.9 million

Affin Hwang Aiiman Select Income Fund

An income and absolute return focused fund that aims to provide regular income stream through investment in sukuk and Shariah-compliant equities.

March 2013 to January 2016 NAV-NAV prices and assuming reinvestment of distributionsinto the Fund, gross investment based in RM. The value of Units may go down as well asup. Past performance is not indicative of future performance.Source: Lipper

Total Return(%)

Since Inception


Since Inception

Repurchase Charge

RM0.5039


Year To Date

Mixed Assets

Currency Exposure for the Fund is shown after reflecting currency forward contracts

Gross Distribution(sen)2.50


95

100

105

110

115

120

Mar 13 Jul 13 Dec 13 Apr 14 Aug 14 Dec 14 May 15 Sep 15 Jan 16

Inde

xed

Per

form

ance

(%)

Benchmark

ASIF

7.7%

1.1%

1.5%

1.9%

3.0%

4.0%

4.3%

8.0%

68.5%


Consumer Services

Utilities

Consumer Goods

Financials

Technology

Telecommunications

Industrials

Sukuk

1.0%

1.1%

1.7%

1.3%

2.0%

2.2%

90.7%

South Korean Won

Philippine Peso

Taiwan Dollar

Hong Kong Dollar

Indonesia Rupiah

Singapore Dollar

Ringgit Malaysia


Fund Category Performance Record as at 31 January 2016* Performance Table as at 31 January 2016*Bond

1 Month 1 Year 3 Year Fund Type Fund 0.7 3.7 9.4 90.2Income Benchmark 0.3 3.7 10.5 66.0

Source: Lipper

Benchmark

1 Year 3 Year 5 Year Fund 3.7 3.0 4.4 5.7Benchmark 3.7 3.4 3.3 4.5

28 June 2004 / RM0.50 Source: Lipper


Fund 0.7 3.4 3.1 2.2Financial Year End Benchmark 0.3 3.6 3.2 3.231 August Source: Lipper

Cash Sales Top Holdings as at 31 January 2016* Income Distribution HistoryMax 2.0% of the NAV per Unit Sukuk YieldEPF Sales Issuer Coupon Maturity Date % (%)Max 2.0% of the NAV per Unit Bumitama Agri Ltd 5.00% 02.09.19 3.8% 2006 4.1

Al-'Aqar Capital Sdn Bhd 4.35% 04.05.18 3.8% 2007 7.2Kapar Engy Ventures SB 4.55% 05.07.21 3.8% 2008 8.4

Cash / EPF Axis REIT Sukuk Bhd 4.50% 12.07.24 3.8% 2009 3.7BGSM Management Sdn Bhd 4.90% 27.12.18 3.6% 2010 7.5

Annual Management Fee Tanjung Bin Power Sdn Bhd 4.66% 14.08.20 2.7% 2011 4.4Up to 1.0% per annum Tanjung Bin Engy Issuer Bhd 5.55% 15.09.25 2.3% 2012 4.1

Gas District Cooling Putrajaya 7.25% 02.12.22 2.2% 2013 3.5Minimum Investment First Resources Ltd 4.45% 31.07.17 2.1% 2014 2.8RM1,000 Tanjung Bin Engy Issuer Bhd 5.80% 16.03.28 2.0% 2015 3.5

RM100 Sector Allocation as at 31 January 2016* Credit Profile as at 31 January 2016*

Nil



4.6%

4.8 years

Overall rating**

(1) As at 15 April 2010, the Benchmark was replaced by the 12-month Maybank General Investment Account (GIA) rate as the Fund assumed its new mandate.


RM263.4 million

2.402.251.901.501.90

4.004.002.004.00

Since Inception


Since Inception


Year To Date

Gross Distribution

Affin Hwang Aiiman Income Plus Fund

A local sukuk fund that looks to provide total returns over the medium to long term as well as a regular income distributions.

12-month Maybank General Investment Account (GIA) rate

July 2004 to January 2016 NAV-NAV prices and assuming reinvestment of distributions intothe Fund, gross investment based in RM. The value of Units may go down as well as up.Past performance is not indicative of future performance.Source: Lipper

Total Return(%)

Launch Date / IOP


**The Morningstar Rating is an assessment of a Fund's past performance-based on both return and risk-which shows how similar investments compare with their competitors. A high rating alone is insufficient basis for an investment

Based on the Fund's portfolio returns as at 31 December 2015, the Volatility Factor (VF) for this fund is 1.2 and is classified as Very Low (source: Lipper). Very Low includes Funds with VF that are not more than 1.395.The VF means there is a possibility for the Fund in generating an upside return or downside return around this VF. The Volatility Class (VC) is assigned by Lipper based on quintile ranks of VF for qualified funds. The Fund's portfolio mayhave changed since this date and there is no guaranteed that the Fund will continue to have the same VF or VC in the future. Presently, only funds launched in the market for at least 36 months will display the VF and its VC.

(sen)



Repurchase Charge

2.00


Subscription

Portfolio Yield

Portfolio Duration

* The data provided above are that of the Fund and are a percentage of NAV as at 31 January 2016 . All figures are subject to frequent changes on a daily basis. The total for Sector Allocation and Credit Profile might not add up to 100%due to rounding.

This document is prepared by Affin Hwang Asset Management Bhd (429786-T). It is not intended to be an offer or invitation to subscribe or purchase any securities. The information contained herein has been obtained from sourcesbelieved in good faith to be reliable, however, no guarantee is given in its accuracy or completeness. Past performance of the Fund is not indicative of its future performance. Prices and distribution payable, if any, can go down as well asup. A Product Highlights Sheet (PHS) is available for the Fund and investors have the right to request for a copy of it. The Replacement Master Prospectus dated 22 September 2014 and the Supplemental Master Prospectus dated 6 April2015 have been registered as well as the PHS has been lodged with the Securities Commission Malaysia, who takes no responsibility for its contents. Investors are advised to read and understand the contents of PHS and the MasterProspectuses before investing. Application for Units can only be made on receipt of a form of application referred to in and accompanying the PHS and the Master Prospectuses. Investors should also consider the fees and chargesinvolved. A copy of the PHS and the Master Prospectuses can be obtained at our office or any of our sales offices. The Fund may not be suitable for all and if in doubt, investors should seek independent advice.

95

110

125

140

155

170

185

200

Jul 04 Jun 07 Apr 10 Mar 13 Jan 16

Inde

xed

Per

form

ance

(%)

(1)

Benchmark

AIPF

9.2%

2.2%

2.7%

3.1%

3.2%

5.8%

11.3%

13.1%

19.1%

30.3%


Oil & Gas

Banks

Telecommunications

Government

Financial Services

Real Estate

Consumer Goods

Utilities

Industrials

9.2%

1.6%

3.2%

18.5%

67.5%

Cash

Others

SOV

AAA

AA


Fund Category Performance Record as at 31 January 2016* Performance Table as at 31 January 2016*Equity Cumulative Returns Over The Period (%)

1 Month 1 Year 3 Year Fund Type Fund (%) -7.6 0.4 N/A 19.9Growth Benchmark (%) -11.1 14.2 N/A 37.7

Benchmark

1 Year 3 Year 5 Year Fund (%) 0.4 N/A N/A 10.2

External Fund Manager Benchmark (%) 14.2 N/A N/A 18.8

3 March 2014 / RM0.50 2015 2014 2013Fund (%) -7.6 7.2 21.1 -

Maturity Date Benchmark (%) -11.1 36.7 13.4 -N/A

Financial Year EndTop 10 Holdings as at 31 January 2016* Sector Allocation as at 31 January 2016*Equities %

Toyota Motor Corp 4.0%Daikin Industries Ltd 2.6%Mitsubishi UFJ Fin Group Inc 1.8%

Subscription Yondoshi Holdings Inc 1.8%Cash ESPEC Corp 1.7%

Nitori Holdings Co Ltd 1.4%Annual Management Fee Nissin Electric Co Ltd 1.4%Up to 1.8% per annum Hitachi Ltd 1.3%

KDDI Corp 1.3%Minimum Investment Taihei Dengyo Kaisha Ltd 1.3%RM1,000

RM100

Incidental



Repurchase Charge

* The data provided above are that of the Fund and are a percentage of NAV as at 31 January 2016 . All figures are subject to frequent changes on a daily basis. The total for Sector Allocation might not add up to 100% due to rounding.

(1) The Fund is not expected to make distribution. However, incedental distribution may be declared whenever is appropriate.

Nikko Asset Management Co. Ltd

1.0% of the NAV per Unit within the first 6 months from the date of investment

Launch Date / IOP

Affin Hwang Japan Growth Fund

An equity fund that provides exposure into Japanese economy by investing in under-valued Japanese companies with growth potential.

Total Return(%)

Since Inception


Since Inception

TOPIX (Tokyo Stock Price Index) Total Return Index



March 2014 to January 2016 NAV-NAV prices and assuming reinvestment ofdistributions into the Fund, gross investment based in RM. The value of Unitsmay go down as well as up. Past performance is not indicative of futureperformance.Source: Lipper

This document is prepared by Affin Hwang Asset Management Bhd (429786-T). It is not intended to be an offer or invitation to subscribe or purchase any securities. The information contained herein has been obtained from sourcesbelieved in good faith to be reliable, however, no guarantee is given in its accuracy or completeness. Past performance of the Fund is not an indicative of its future performance. Prices and distribution payable, if any, can go down aswell as up. A Product Highlights Sheet (PHS) is available for the Fund and investors have the right to request for a copy of it. The Replacement Prospectus dated 3 March 2015 and Supplemental Prospectus dated 6 April 2015 havebeen registered as well as the PHS has been lodged with the Securities Commission Malaysia, who takes no responsibility for its contents. Investors are advised to read and understand the contents of the PHS and the Prospectusesbefore investing. Application for Units can only be made on receipt of a form of application referred to in and accompanying the PHS and the Prospectuses. Investors should also consider the fees and charges involved. A copy of thePHS and the Prospectuses can be obtained at our office or any of our sales offices. The Fund may not be suitable for all and if in doubt, investors should seek independent advice.

Income Distribution (1)

RM274.5 million

Initial Sales ChargeMax 5.5% of the NAV per Unit

Year To Date


90

100

110

120

130

140

150

160

170

Mar 14 Jul 14 Oct 14 Feb 15 Jun 15 Sep 15 Jan 16

Inde

xed

Per

form

ance

(%)

Benchmark

JGF

17.1%

0.8%

1.4%

2.7%

3.0%

5.2%

11.2%

13.7%

16.9%

28.0%


Others

Technology

Health Care

Telecommunications

Basic Materials

Consumer Services

Financials

Consumer Goods

Industrials


Fund Category Performance Record as at 31 January 2016* Performance Table as at 31 January 2016*Feeder Fund (Wholesale)

1 Month 1 Year 3 Year Fund TypeGrowth

Target Fund Manager1 Year 3 Year 5 Year

Target Fund

2014 2013 2012

Benchmark

Target Fund Top Holdings as at 31 December 2015# Asset Allocation as at 31 December 2015**Base Currency EquitiesEUR Novartis AG 9.1%

Bayer AG NPV 4.0% Cash & Cash Equivalents 30.8%Nestle SA 3.6%Unilever Ord 3.4%Novo Nordisk A/S-B 2.9%

Initial Offer Price Astrazeneca 2.7% Income Distribution HistoryBG Group 2.6%

EUR Class : EUR0.50 Reckitt Benckiser Group 2.5%AUD Hedged-Class : AUD0.50 Nordea Bank 2.3%

Allianz 2.3%

Financial Year End31 March Target Fund Sector Allocation as at 31 December 2015# Target Fund Country Allocation as at 31 December 2015#


SubscriptionCash


▪ RM10,000 / RM5,000▪ EUR5,000 / EUR1,000▪ AUD5,000 / AUD1,000▪ SGD5,000 / SGD1,000

As at 31 January 2016*Fund Size / NAV Per UnitRM73.6 million / RM0.4795

AUD6.1 million / AUD0.5008

MYR Hedged-Class : RM0.50

Launch Date

EUR0.6million /EUR0.4788

"Not applicable as the Fund has less than one year track record"

**The data provided above are that of the Fund and are a percentage of NAV as at 31 December 2015.

69.2%

Year To Date

MSCI Europe Index

Since Inception

UBS (Lux) Equity SICAV – European Opportunity Unconstrained

This document is prepared by Affin Hwang Asset Management Bhd (429786-T). It is not intended to be an offer invitation to subscribe or purchase any securities. The information contained herein has been obtained from sources believed in good faith to be reliable, however, no guarantee is given in its accuracy or completeness. Past performance of the Fund is not an indicative of its future performance. Prices and distribution payable, if any, can go down as well as up. A Product Highlights Sheet (PHS) is available for the Fund and investors have the right to request for a copy of it. The Infomation Memorandum (IM) dated 9 November 2015 has been registered as well as the PHS has been lodged with the Securities Commission Malaysia, who takes no responsibility for its contents. Investors are advised to read and understand the contents of the PHS and the IM before investing. Application for Units can only be made on receipt of a form of application referred to in and accompanying the PHS and the IM. Investors should also consider the fees and charges involved. A copy of the PHS and the IM can be obtained at our office or any of our sales offices. The Fund may not be suitable for all and if in doubt, investors should seek independent advice.

(2) Where a distribution is declared, investors are advised that following the issue of additional Units/distributions, te NAV per Unit will be reduced from cum-distribution NAV to ex-distribution NAV.

UBS (Lux) Equity SICAV – European Opportunity Unconstrained

# The data provided above are that of the Fund by UBS Global Asset Management (UK) Ltd, London and is a percentage of NAV of the Target Fund as at 31 December 2015 as the data is provided by the Target Fund Manager after Affin Hwang Asset Management Bhd publication cut-off date. Please note that the asset exposure for the Target Fund is subject to frequent changes on daily basis.

(1) To invest in a Class other than RM Class, investors are required to have a foreign currency account with any Financial Institutions as all transactions relating to the particular foreign currency will ONLY be made via telegraphic transferThe total for Asset Allocation, Target Fund Sector Allocation and Target Fund Country Allocation might not add up to 100% due to rounding.

Affin Hwang European Unconstrained Fund

Total Return(%)


(2)Distribution Policy : Distribution of income, if any, would be on quarterlybasis and will be after the end of the first financial year.

An equity feeder fund that provides investors with an unconstrained access into european opportunities, primarily through a portfolio of equities.

"Not applicable as the Fund has less than one year track record."

Minimum Investment / Minimum Subsequent Investment (1)

UBS Global Asset Management (UK) Ltd, London "Not applicable as the Fund has less than one year track record"

SGD Hedged-Class : SGD0.50

* The data provided above are that of the Fund and are a percentage of NAV as at 31 January 2016 . All figures are subject to frequent changes on a daily basis.

SGD4.1 million / SGD0.5010



Since Inception

9 November 2015

1.2%

2.9%

4.7%

5.6%

6.2%

6.8%

9.9%

10.3%

20.0%

29.0%

31.1%

-2.8%

-2.6%

-0.8%

-1.9%

-0.4%

-2.4%

-3.8%

-9.3%

-4.0%

-3.4%

0.0%

Others

Materials

Telecomm Services

Energy

Information Technology

Utility

Consumer Discretionary

Industrials

Consumer Staples

Financial Services

Health Care

Short Long

1.8%

5.8%

6.4%

6.7%

6.7%

8.3%

10.2%

11.1%

16.7%

21.4%

32.6%

0.0%

-3.6%

-3.2%

-0.4%

-7.4%

-2.7%

-0.5%

-2.8%

-3.3%

-3.6%

-3.9%

Belgium

Spain

Italy

Denmark

Others

Sweden

Netherlands

France

Switzerland

Germany

United Kingdom

Short Long




Source: Lipper

Target Fund Manager

1 Year 3 Year 5 Year Target Fund Sub-Manager Fund -16.8 5.2 N/A 6.4

Benchmark -10.7 4.3 N/A 3.8Source: Lipper

Target FundChina Select Fund

2015 2014 2013Benchmark Fund -21.9 10.1 16.3 25.1

Benchmark -17.7 14.0 20.0 7.4Source: Lipper

Target Fund Top Holdings as at 31 December 2015# Asset Allocation as at 31 December 2015**Equities China Select Fund 93.7%

Maturity Date Tencent Holdings Ltd 7.8% Cash & Cash Equivalents 6.3%China Resources Land Ltd 3.5%CSPC Pharmaceutical Group Ltd 3.5%

Financial Year End Ping An Insurance Group Co of China Ltd 3.3%Industrial & Commercial Bank of China Ltd 3.3%


Target Fund Sector Allocation as at 31 December 2015# Target Fund Country Allocation as at 31 December 2015#SubscriptionCash


Minimum InvestmentRM30,000

Minimum SubsequentInvestmentRM10,000


Income DistributionN/A (1)



(1) The Fund is not expected to make distribution.

Year To Date

* The data provided above are that of the Fund and are a percentage of NAV as at 31 January 2016 . All figures are subject to frequent changes on a daily basis. The total for Asset Allocation, Target Fund Sector Allocation and Target FundCountry Allocation might not add up to 100% due to rounding.**Overall rating as at 31 December 2015 in the Greater China Category and this rating reflects only the rating of the China Select Fund and it does not represent the rating of Affin Hwang China Growth Fund which is unrated by Morningstar.The Morningstar Rating is an assessment of a Fund's past performance-based on both return and risk which shows how similar investment compare with their competitors. A high rating alone is insufficient basis for an investment decision.

Overall Morningstar Rating of Target Fund**

July 2011 to January 2016 NAV-NAV prices and assuming reinvestment of distributionsinto the Fund, gross investment based in RM. The value of Units may go down as wellas up. Past performance is not indicative of future performance.Source: Lipper

80% MSCI China Index + 20% China Securities Index 300

#The data provided above are that of the Fund by Citigroup First Investment Management Ltd (CFIM) and is a percentage of NAV of the Target Fund as at 31 December 2015 as the data is provided by the Target Fund Manager after AffinHwang Asset Management Bhd publication cut-off date. Please note that asset exposure for the Target Fund is subject to frequent changes on a daily basis.

N/A

31 December

RM70.4 million


Launch Date / IOP11 July 2011 / RM0.50

This document is prepared by Affin Hwang Asset Management Bhd (429786-T). It is not intended to be an offer invitation to subscribe or purchase any securities. The information contained herein has been obtained from sources believed ingood faith to be reliable, however, no guarantee is given in its accuracy or completeness. Past performance of the Fund is not an indicative of its future performance. Prices and distribution payable, if any, can go down as well as up. AProduct Highlights Sheet (PHS) is available for the Fund and investors have the right to request for a copy of it. The Infomation Memorandum (IM) dated 6 April 2015 has been registered as well as the PHS has been lodged with the SecuritiesCommission Malaysia, who takes no responsibility for its contents. Investors are advised to read and understand the contents of the PHS and the IM before investing. Application for Units can only be made on receipt of a form of applicationreferred to in and accompanying the PHS and the IM. Investors should also consider the fees and charges involved. A copy of the PHS and the IM can be obtained at our office or any of our sales offices. The Fund may not be suitable for alland if in doubt, investors should seek independent advice.


China Asset Management (Hong Kong) Limited

A feeder fund that provides exposure into the Chinese economy through investments into companies which derive their profits from mainland China by investing into companies on official stocks markets in Hong Kong, China (A-Share and B-Share markets), United States, Taiwan, Singapore and other countries.

Based on the Fund's portfolio returns as at 31 December 2015, the Volatility Factor (VF) for this Fund is 16.8 and is classified as Very High (source: Lipper). Very High includes Funds with VF that are above 10.595.

The (VF means there is a possibility for the Fund in generating an upside return or downside return around this VF. The Volatility Class (VC) is assigned by Lipper based on quintile ranks of VF for qualified funds. The Fund's portfolio mayhave changed since this date and there is no guaranteed that the Fund will continue to have the same VF or VC in the future. Presently, only funds launched in the market for at least 36 months will display the VF and its VC.


Affin Hwang China Growth Fund

Citigroup First Investment Management Limited

Total Return(%)

Since Inception


Since Inception

70

90

110

130

150

170

190

210

Jul 11 Sep 12 Oct 13 Nov 14 Jan 16

Inde

xed

Per

form

ance

(%)

Benchmark

AHCGF

4.3%

2.2%

2.6%

2.9%

11.1%

14.9%

17.0%

21.8%

23.1%


Materials

Utilities

Telecommunication Services

Health Care


Industrials

Financial


4.3%

1.9%

7.6%

23.5%

62.7%


China B-Share

Others

China A-Share

Hong Kong H-Share




Target Fund ManagerValue Partners Limited 1 Year 3 Year 5 Year

Target Fund

2014 2013 2012Benchmark

Target Fund Top Holdings as at 31 December 2015# Asset Allocation as at 31 December 2015**Base Currency Equities Value Partners High-Dividend Stocks Fund 83.6%USD China Life Insurance 3.5% Cash & Cash Equivalents 16.4%

Bank Of China 3.2%China Construction Bank 3.1%Amorepacific Corp. 2.9%China Overseas Land & Investment 2.7%

Initial Offer Price Samsung Electronics 2.5% Income Distribution HistoryGree Electric Appliances 2.5%

USD Class : USD0.50 Longfor Properties 2.2%AUD Class : AUD0.50 CK Hutchison 2.1%

Samsung Fire & Marine Insurance 2.0%

Financial Year End31 March Target Fund Sector Allocation as at 31 December 2015# Target Fund Country Allocation as at 31 December 2015#


SubscriptionCash


▪ RM30,000 / RM10,000▪ USD10,000 / USD5,000▪ AUD10,000 / AUD5,000▪ SGD10,000 / SGD5,000



This document is prepared by Affin Hwang Asset Management Bhd (429786-T). It is not intended to be an offer invitation to subscribe or purchase any securities. The information contained herein has been obtained from sources believed in good faith to be reliable, however, no guarantee is given in its accuracy or completeness. Past performance of the Fund is not an indicative of its future performance. Prices and distribution payable, if any, can go down as well as up. A Product Highlights Sheet (PHS) is available for the Fund and investors have the right to request for a copy of it. The Infomation Memorandum (IM) dated 8 June 2015 has been registered as well as the PHS has been lodged with the Securities Commission Malaysia, who takes no responsibility for its contents. Investors are advised to read and understand the contents of the PHS and the IM before investing. Application for Units can only be made on receipt of a form of application referred to in and accompanying the PHS and the IM. Investors should also consider the fees and charges involved. A copy of the PHS and the IM can be obtained at our office or any of our sales offices. The Fund may not be suitable for all and if in doubt, investors should seek independent advice.

# The data provided above are that of the Fund by Value Partners Ltd and is a percentage of NAV of the Target Fund as at 31 December 2015 as the data is provided by the Target Fund Manager after Affin Hwang Asset Management Bhd publication cut-off date. Please note that the asset exposure for the Target Fund is subject to frequent changes on daily basis.

Since Inception


Since Inception

8 June 2015

Year To Date

Value Partners High-Dividend Stocks Fund




Calendar Year

Affin Hwang Dividend Value Fund

Total Return(%)



(2)Distribution Policy : Distribution of income, if any, would be on quarterlybasis and will be after the end of the first financial year.

A feeder fund that provides capital appreciation by investing primarily in a portfolio of Asian focused equity securities.

Dow Jones Asia Select Dividend 30 Index

Launch Date

USD5.0 million / USD0.4103AUD12.5 million / AUD0.4377SGD12.6 million / SGD0.4266

SGD Class : SGD0.50

RM Class : RM0.50

(1) To invest in a Class other than RM Class, investors are required to have a foreign currency account with any Financial Institutions as all transactions relating to the particular foreign currency will ONLY be made via telegraphic transfer

* The data provided above are that of the Fund and are a percentage of NAV as at 31 January 2016 . All figures are subject to frequent changes on a daily basis.The total for Asset Allocation, Target Fund Sector Allocation and Target Fund Country Allocation might not add up to 100% due to rounding.


1.0%

2.0% 2.0%

3.0% 3.0% 3.0%

4.0% 5.0% 5.0%

7.0% 7.0%

12.0% 14.0%

16.0% 16.0%

CashOthers

Other FinancialsREITs

Telecom ServicesEnergyBonds

Consumer StaplesUtilities

Information TechnologyInsurance

BanksConsumer Discretionary

IndustrialsReal Estate

1.0%

2.0%

4.0%

4.0%

4.0%

7.0%

7.0%

10.0%

16.0%

22.0%

23.0%

Cash

Thailand

Taiwan

Bonds

China A Shares

Others

Singapore

Red Chips

South Korea

H Shares

Hong Kong


Fund Category Performance Record as at 31 January 2016* Performance Table as at 31 January 2016*Equity Feeder (Wholesale)


Target Fund ManagerNikko Asset Management Asia Ltd. 1 Year 3 Year 5 Year

Target Fund Sub-ManagerNikko Asset Management Europe Ltd.

Target Fund 2014 2013 2012

Benchmark Target Fund Top Holdings as at 31 December 2015# Asset Allocation as at 31 December 2015**Equities Nikko AM Shenton Global Opportunities Fund 85.1%Microsoft Corp 4.5% Cash & Cash Equivalents 14.9%

Base Currency Facebook Inc-A 4.1%SGD Tyson Foods Inc-A 2.9%

AbbVie Inc 2.8%Launch Date Livanova PLC 2.8%23 November 2015 Treasury Wine Estates Ltd 2.7% Income Distribution History

Apple Inc 2.7%Initial Offer Price Caltex Australia Ltd 2.5%RM Class : RM0.50 Huntington Bancshares Inc 2.5%USD Class : USD0.50 Advance Auto Parts Inc 2.5%SGD Class : SGD0.50

Financial Year End Target Fund Sector Allocation as at 31 December 2015# Target Fund Country Allocation as at 31 December 2015#30 September


SubscriptionCash


▪ RM30,000 / RM10,000▪ USD10,000 / USD5,000▪ SGD10,000 / SGD5,000


(1) To invest in a Class other than RM Class, investors are required to have a foreign currency account with any Financial Institutions as all transactions relating to the particular foreign currency will ONLY be made via telegraphic transfer

* The data provided above are that of the Fund and are a percentage of NAV as at 31 January 2016 . All figures are subject to frequent changes on a daily basis.The total for Asset Allocation, Target Fund Sector Allocation and Target Fund Country Allocation might not add up to 100% due to rounding.


Affin Hwang Global Equity Fund

Total Return(%)


(2)Distribution Policy : Distribution of income, if any, would be on quarterly basisand will be after the end of the first financial year.

A feeder fund that aims to provide capital appreciation through access into global equity opportunities.

Since Inception


Since Inception

Year To Date




Calendar Year


This document is prepared by Affin Hwang Asset Management Bhd (429786-T). It is not intended to be an offer invitation to subscribe or purchase any securities. The information contained herein has been obtained from sources believed in good faith to be reliable, however, no guarantee is given in its accuracy or completeness. Past performance of the Fund is not an indicative of its future performance. Prices and distribution payable, if any, can go down as well as up. A Product Highlights Sheet (PHS) is available for the Fund and investors have the right to request for a copy of it. The Infomation Memorandum (IM) dated 23 November 2015 has been registered as well as the PHS has been lodged with the Securities Commission Malaysia, who takes no responsibility for its contents. Investors are advised to read and understand the contents of the PHS and the IM before investing. Application for Units can only be made on receipt of a form of application referred to in and accompanying the PHS and the IM. Investors should also consider the fees and charges involved. A copy of the PHS and the IM can be obtained at our office or any of our sales offices. The Fund may not be suitable for all and if in doubt, investors should seek independent advice.

# The data provided above are that of the Fund by Nikko Asset Management Asia Ltd and is a percentage of NAV of the Target Fund as at 31 December 2015 as the data is provided by the Target Fund Manager after Affin Hwang Asset Management Bhd publication cut-off date. Please note that the asset exposure for the Target Fund is subject to frequent changes on daily basis.

Nikko AM Shenton Global Opportunities Fund

MSCI World Free Index


USD1.0 million / USD0.4637SGD4,674 / SGD0.4674

1.1%

5.7%

10.6%

12.8%

13.3%

18.7%

18.7%

19.0%


Energy

Consumer Staples


Others


Financials

Health Care

1.1%

4.1%

5.2%

5.3%

6.1%

9.6%

18.0%

50.5%


Ireland

China

Australia

Germany

Japan

Others

United States


Fund Category Performance Record as at 31 January 2016*Mixed Assets

1 Month 1 Year 3 Year Fund Type Fund -5.4 4.4 43.5 88.4Growth Benchmark 0.7 8.0 26.0 86.1

MSCI World -9.5 6.2 35.1 28.4Benchmark Source: Lipper

Absolute return of 8% per annum

1 Year 3 Year 5 Year 18 December 2007 / RM0.50 Fund 4.4 12.8 9.5 8.2

Benchmark 8.0 8.0 8.0 8.0Maturity Date MSCI World 6.2 10.5 10.1 3.2N/A Source: Lipper

Financial Year End31 May 2015 2014 2013

Fund -5.4 12.5 13.1 23.9Initial Sales Charge Benchmark 0.7 8.0 8.0 8.0

MSCI World -9.5 19.6 9.8 33.4Source: Lipper

Cash Sector Allocation as at 31 January 2016* Country Allocation as at 31 January 2016*


Performance Fee


RM10,000

Top 10 Holdings as at 31 January 2016*Equities %Tencent Holdings Ltd 4.9%Bank Mandiri Persero Tbk PT 3.1%

Incidental Astra International Tbk PT 3.1%Kangwon Land Inc 3.0%

As at 31 January 2016* CP ALL PCL 2.9%Fund Size Dah Sing Banking Group Ltd 2.9%

HKBN Ltd 2.8%Alibaba Group Holding Ltd 2.6%

NAV Per Unit Scicom MSC Bhd 2.5%RM0.9419 AIA Group Ltd 2.3%

Since InceptionLaunch Date / IOP


Year To Date

RM118.8 million


Affin Hwang Absolute Return Fund II

A thematically driven and unconstrained mixed asset fund that seeks to provide total returns through investments globally, across all sectors and asset classes.


Since Inception

Repurchase Charge


20.0% of the increase in the NAV per unit over and above the hurdle value (1)


1.0% of the NAV per Unit redeemed within the 6 months from the date of investment.


January 2008 to January 2016 NAV-NAV prices and assuming reinvestment ofdistributions into the Fund, gross investment based in RM. The value of Units maygo down as well as up. Past performance is not indicative of future performance.Source: Lipper


Subscription


(1) Hurdle value is the Fund's high water mark plus 8.00%. High water mark refers to the highest NAV per Unit that the Fund has achieved at the end of the preceding performance period. The performance period is always measure from 1 June to 31 May every year, to coincide with the start and the end of the Fund's financial year.(2) The Fund is not expected to make distribution. However, incidental distribution may be declared whenever is appropriate.

Based on the Fund's portfolio returns as at 31 December 2015, the Volatility Factor (VF) for this Fund is 8.0 and is classified as Moderate (source: Lipper). Moderate includes Funds with VF that are above 6.550 but not more than 8.645.

This document is prepared by Affin Hwang Asset Management Bhd (429786-T). It is not intended to be an offer invitation to subscribe or purchase any securities. The information contained herein has been obtained from sources believed in

The (VF means there is a possibility for the Fund in generating an upside return or downside return around this VF. The Volatility Class (VC) is assigned by Lipper based on quintile ranks of VF for qualified funds. The Fund's portfolio may have changed since this date and there is no guaranteed that the Fund will continue to have the same VF or VC in the future. Presently, only funds launched in the market for at least 36 months will display the VF and its VC.

40

65

90

115

140

165

190

215

Jan 08 May 09 Sep 10 Jan 12 May 13 Sep 14 Jan 16

Inde

xed

Per

form

ance

(%)

Benchmark

AHARFII

MSCI World

29.5%

1.9%

3.2%

3.4%

3.5%

6.5%

7.7%

14.1%

14.2%

16.0%


Oil & Gas

Utilities

Telecommunications

Bond

Consumer Goods

Technology

Financials

Consumer Services

Industrials

29.5%

0.5%

2.2%

3.0%

3.1%

4.0%

12.3%

13.2%

15.4%

16.7%


Others

Taiwan

South Korea

Australia

Thailand

China

Hong Kong

Indonesia

Malaysia


Fund Category Performance Record as at 31 January 2016*Mixed Assets

1 Month 1 Year 3 Year Fund Type Fund -4.6 -0.6 N/A 2.2Growth Benchmark 0.7 8.0 N/A 9.2

Source: Lipper

BenchmarkAbsolute return of 8% per annum

1 Year 3 Year 5 Year 18 November 2014 / RM0.50 Fund -0.6 N/A N/A 2.0

Benchmark 8.0 N/A N/A 8.0Maturity Date Source: Lipper

N/A

Financial Year End 2015 2014 201330 June Fund -4.6 7.1 - -

Benchmark 0.7 8.0 - -Initial Sales Charge Source: Lipper

Sector Allocation as at 31 January 2016* Country Allocation as at 31 January 2016*

Cash


Performance Fee


RM10,000

Top 10 Holdings as at 31 January 2016*Equities %Tencent Holdings Ltd 6.0%Alibaba Group Holding Ltd 3.5%Jaks Resources Bhd 3.3%Astra International Tbk PT 3.1%

Incidental Telekomunikasi Indonesia 3.1%CP ALL PCL 3.1%

As at 31 January 2016* Bank Mandiri Persero Tbk PT 2.8%Fund Size Waskita Karya Persero Tbk PT 2.7%

Tenaga Nasional Bhd 2.6%Allianz Malaysia Berhad 2.6%


(2) The Fund is not expected to make distribution. However, incidental distribution may be declared whenever is appropriate.

December 2014 to January 2016 NAV-NAV prices and assuming reinvestment ofdistributions into the Fund, gross investment based in RM. The value of Units maygo down as well as up. Past performance is not indicative of future performance.Source: Lipper

A thematically driven and unconstrained mixed asset fund that seeks to provide total returns through investments globally, across all sectors and assetclasses.

This document is prepared by Affin Hwang Asset Management Bhd (formerly known as Hwang Investment Management Bhd) (429786-T). It is not intended to be an offer invitation to subscribe or purchase any securities. The informationcontained herein has been obtained from sources believed in good faith to be reliable, however, no guarantee is given in its accuracy or completeness. Past performance of the Fund is not an indicative of its future performance. Prices anddistribution payable, if any, can go down as well as up. A Product Highlights Sheet (PHS) is available for the Fund and investors have the right to request for a copy of it. The Information Memorandum (IM) dated 18 November 2014 andSupplemental IM dated 5 January 2015 have been registered as well as the PHS has been lodged with the Securities Commission Malaysia, who takes no responsibility for its contents. Investors are advised to read and understand thecontents of the PHS and the IM before investing. Application for Units can only be made on receipt of a form of application referred to in and accompanying the PHS and the IM. Investors should also consider the fees and chargesinvolved. A copy of the PHS and the IM can be obtained at our office or any of our sales offices. The Fund may not be suitable for all and if in doubt, investors should seek independent advice.


Subscription


20.0% of the increase in the NAV per unit over and above the hurdle value (1)

(1) Hurdle value is the Fund's high water mark plus 8.00%. High water mark refers to the highest NAV per Unit that the Fund has achieved at the end of the preceding performance period. The performance period is always measure from 1July to 30 June every year, to coincide with the start and the end of the Fund's financial year.

Repurchase Charge

RM46.4 million

1.0% of the NAV per Unit redeemed within the 6 months from the date of investment.


Launch Date / IOP

* The data provided above are that of the Fund and are a percentage of NAV as at 31 January 2016 . All figures are subject to frequent changes on a daily basis. The total for Sector and Country Allocation might not add up to 100% due torounding.

Affin Hwang Absolute Return Fund III

Performance Record 31 January 2016*Total Return(%)

Since Inception


Since Inception


Year To Date


94

96

98

100

102

104

106

108

110

Dec 14 Feb 15 Mar 15 May 15 Jul 15 Sep 15 Nov 15 Jan 16

Inde

xed

Per

form

ance

(%)

Benchmark

AHARFIII

29.8%

2.6%

3.2%

4.1%

6.0%

7.1%

7.6%

16.4%

23.2%


Utilities

Consumer Goods

Oil & Gas

Technology

Telecommunications

Consumer Services

Industrials

Financials

29.8%

3.1%

4.1%

6.3%

15.8%

19.8%

21.1%


Thailand

Singapore

Hong Kong

China

Indonesia

Malaysia



Fund Type 1 Month 1 Year 3 Year Income Fund 0.4 6.4 N/A 22.5Benchmark Benchmark 0.3 3.3 N/A 9.6

Source: Lipper

Income Distribution HistoryMaturity Date Yield9 April 2016 (%)Financial Year End 2014 4.531 May 2015 4.3Initial Sales Charge

NilMinimum InvestmentClosed for purchase Top Holdings as at 31 January 2016* Asset Allocation as at 31 January 2016*

BondsFrom the commencement date Issuer Coupon Maturity Date %● 1st year 3.0% Commonwealth Bank of Aus 6.02% 15.03.16 14.2%● 2nd year 2.0% Westpac Capital Trust 5.26% 31.03.16 7.8%● 3rd year 1.0% Yinson TMC Sdn Bhd 7.00% 25.09.20 5.8%● At maturity Nil


NAV Per Unit



Source: Lipper

28 May 2013/ RM1.00 Income Distribution HistoryMaturity Date Yield12 June 2016 (%)Financial Year End 2014 4.530 September 2015 4.3Initial Sales Charge

NilMinimum InvestmentClosed for purchase

Top Holdings as at 31 January 2016* Asset Allocation as at 31 January 2016*From the commencement date Bonds● 1st year 3.0% Issuer Coupon Maturity Date %● 2nd year 2.0% Westpac Capital Trust 5.26% 31.03.16 12.9%● 3rd year 1.0% Citic Pacific Limited 7.88% 15.04.49 10.4%● At maturity Nil Hong Leong Bank Bhd 4.35% 05.05.16 7.1%

Standard Chartered PLC 6.41% 30.01.17 4.4%As at 31 January 2016* Commonwealth Bank of Aus 6.02% 15.03.16 1.5%Fund Size

NAV Per Unit

Since Inception


* The data provided above is that of the Fund and is a percentage of NAV as at 31 January 2016. All figures are subject to frequent changes on a daily basis. The total for the Asset Allocation might not add up to 100% due to rounding.

Repurchase Charge

June 2013 to January 2016 NAV-NAV prices and assuming reinvestment of distributions intothe Fund, gross investment based in RM. The value of units may go down as well as up. Pastperformance is not indicative of future performance.Source: Lipper



Bond (closed-ended)

36-Month Maybank Fixed Deposit RateLaunch Date / IOP

Total Return(%)

RM1.1235


RM140.2 million

RM1.1003

This document is prepared by Affin Hwang Asset Management Bhd (429786-T). It is not intended to be an offer invitation to subscribe or purchase any securities. The information contained herein has been obtained from sources believed ingood faith to be reliable, however, no guarantee is given in its accuracy or completeness. Past performance of the Fund is not an indicative of its future performance. Prices and distribution payable, if any, can go down as well as up. A ProductHighlights Sheet (PHS) is available for the Fund and investors have the right to request for a copy of it. The Prospectus for Affin Hwang Fixed Maturity Income Fund VI dated 25 March 2013 and Affin Hwang Fixed Maturity Income Fund VII dated28 May 2013 have been registered as well as the PHS has been lodged with the Securities Commission Malaysia, who takes no responsibility for its contents. Investors are advised to read and understand the contents of the PHS and theProspectuses before investing. Application for Units can only be made on receipt of a form of application referred to in and accompanying the PHS and the Prospectuses. Investors should also consider the fees and charges involved. A copyof the PHS and the Prospectuses can be obtained at our office or any of our sales offices. The Funds may not be suitable for all and if in doubt, investors should seek independent advice.

Launch Date / IOP

Max 3.0% of the NAV per UnitApril 2013 to January 2016 NAV-NAV prices and assuming reinvestment of distributions intothe Fund, gross investment based in RM. The value of units may go down as well as up. Pastperformance is not indicative of future performance.Source: Lipper

RM178.4 million

Affin Hwang Fixed Maturity Income Fund VIA 3-year, closed-ended global bond fund with a principal hold-to-maturity strategy that targets to provide stable levels of annual coupons with the potential for a bonus coupon at Maturity (in MYR terms).

Bond (closed-ended)

36-Month Maybank Fixed Deposit Rate

Since Inception

Total Return(%)


(sen)4.64

Repurchase Charge

4.644.64

A 3-year, closed-ended global bond fund with a principal hold-to-maturity strategy that targets to provide stable levels of annual coupons with the potential for a bonus coupon at Maturity (in MYR terms).

Affin Hwang Fixed Maturity Income Fund VII

4.64

25 March 2013/ RM1.00

Annual Management Fee(1) Distribution Policy : Distribution of income, if any, would be on annualbasis

Gross Distribution

95

100

105

110

115

120

125

Jun 13 Nov 13 Apr 14 Sep 14 Feb 15 Jul 15 Jan 16

Inde

x P

erfo

rman

ce (

%)

95

100

105

110

115

120

125

Apr 13 Oct 13 May 14 Nov 14 Jun 15 Jan 16

Inde

x P

erfo

rman

ce (

%)

AHFMIFVI

Benchmark

72.3%

27.7%


Bonds

AHFMIFVII

Benchmark

63.6%

36.4%


Bonds




Source: Lipper

Income Distribution HistoryMaturity Date Yield

(%)Financial Year End 2014 4.5

2015 4.3Initial Sales Charge


Top Holdings as at 31 January 2016* Asset Allocation as at 31 January 2016*From the commencement date Bonds● 1st year 3.0% Issuer Coupon Maturity Date %● 2nd year 2.0% Standard Chartered PLC 6.41% 30.01.17 12.0%● 3rd year 1.0% Hutchison Whampoa Intl Ltd 6.00% 07.05.17 11.6%● At maturity Nil Greentown China Hldgs Ltd 8.50% 04.02.16 10.6%

Franshion Invt Ltd 4.70% 26.10.17 10.4%As at 31 January 2016* National Australia Bank Ltd 8.00% 24.09.16 8.4%Fund Size

NAV Per Unit


Fund Type 1 Month 1 Year 3 Year Income Fund -0.1 5.6 N/A 15.7Benchmark Benchmark 0.3 3.3 N/A 7.2

Source: Lipper



2015 4.4Initial Sales Charge


Top Holdings as at 31 January 2016* Asset Allocation as at 31 January 2016*From the commencement date Bonds● 1st year 3.0% Issuer Coupon Maturity Date %● 2nd year 2.0% Majid Al Futtaim Hldg LLC 7.13% 29.10.18 14.6%● 3rd year 1.0% Standard Chartered PLC 4.00% 12.07.17 14.5%● At maturity Nil Genting Singapore PLC 5.13% 12.09.17 13.9%

Franshion Brilliant Ltd 5.38% 17.10.18 12.1%As at 31 January 2016* ICICI Bank Ltd 7.25% 31.10.16 10.2%Fund Size

NAV Per Unit

(1) Where a distribution is declared, investors are advised that following the issue of additional Units/distribution, the NAV per Unit will be reduced from cum-distribution NAV to ex-distribution NAV.This document is prepared by Affin Hwang Asset Management Bhd (formerly known as Hwang Investment Management Bhd) (429786-T). It is not intended to be an offer invitation to subscribe or purchase any securities. The informationcontained herein has been obtained from sources believed in good faith to be reliable, however, no guarantee is given in its accuracy or completeness. Past performance of the Fund is not an indicative of its future performance. Prices anddistribution payable, if any, can go down as well as up. A Product Highlights Sheet (PHS) is available for the Fund and investors have the right to request for a copy of it. The Prospectus for Affin Hwang Fixed Maturity Income Fund VIII dated 1October 2013 and Affin Hwang Fixed Maturity Income Fund IX dated 6 November 2013 has been registered as well as the PHS has been lodged with the Securities Commission Malaysia, who takes no responsibility for its contents. Investorsare advised to read and understand the contents of the PHS and the Prospectuses before investing. Application for Units can only be made on receipt of a form of application referred to in and accompanying the PHS and the Prospectuses.Investors should also consider the fees and charges involved. A copy of the PHS and the Prospectuses can be obtained at our office or any of our sales offices. The Funds may not be suitable for all and if in doubt, investors should seekindependent advice

Launch Date / IOP

Repurchase Charge

December 2013 to January 2016 NAV-NAV prices and assuming reinvestment ofdistributions into the Fund, gross investment based in RM. The value of units may go down aswell as up. Past performance is not indicative of future performance.Source: Lipper

RM1.0608

* The data provided above are that of the Fund and are a percentage of NAV as at 31 January 2016 . All figures are subject to frequent changes on a daily basis. The total for Asset Allocation might not add up to 100% due to rounding.

9 December 2016


Repurchase Charge


October 2013 to January 2016 NAV-NAV prices and assuming reinvestment of distributionsinto the Fund, gross investment based in RM. The value of units may go down as well as up.Past performance is not indicative of future performance.Source: Lipper

21 October 2016

30 April


Max 3.0% of the NAV per UnitAnnual Management Fee

4.64

(sen)4.64


RM142.7 million

30 April

Total Return(%)

Since Inception


6 November 2013 / RM1.00Gross Distribution

Bond (closed-ended)

Affin Hwang Fixed Maturity Income Fund VIIIA 3-year, closed-ended global bond fund with a principal hold-to-maturity strategy that targets to provide stable levels of annual coupons with the potential for a bonus coupon at Maturity (in MYR terms).

Bond (closed-ended)


Total Return(%)

Since Inception


Launch Date / IOP1 October 2013 / RM1.00



4.644.64


RM204.4 million

RM1.0856

Affin Hwang Fixed Maturity Income Fund IX

95

100

105

110

115

120

Oct 13 May 14 Nov 14 Jun 15 Jan 16

Inde

xed

Per

form

ance

(%)

AHFMIFVIII

Benchmark

6.5%

93.5%


Bonds

0.3%

99.7%


Bonds

95

100

105

110

115

120

Dec 13 Apr 14 Aug 14 Jan 15 May 15 Sep 15 Jan 16

Inde

xed

Per

form

ance

(%)

AHFMIFIX

Benchmark




Source: Lipper





Top Holdings as at 31 January 2016* Asset Allocation as at 31 January 2016*From the commencement date Bonds● 1st year 3.0% Issuer Coupon Maturity Date %● 2nd year 2.0% Genting Singapore PLC 5.13% 12.09.17 12.3%● 3rd year 1.0% Malayan Banking Bhd 3.25% 20.09.17 11.8%● At maturity Nil Petron Corp 7.50% 06.08.18 9.0%

Standard Chartered PLC 6.41% 30.01.17 7.4%As at 31 January 2016* Far East Horizon Ltd 5.55% 23.06.17 6.7%Fund Size

NAV Per Unit



Source: Lipper





Top Holdings as at 31 January 2016* Asset Allocation as at 31 January 2016*From the commencement date Bonds● 1st year 3.0% Issuer Coupon Maturity Date %● 2nd year 2.0% SMC Global Power Hldgs Corp 7.50% 07.11.19 10.0%● 3rd year 1.0% Greenland HK Hldgs Ltd 4.38% 07.08.17 9.2%● At maturity Nil Krung Thai Bank PLC 5.20% 26.12.19 7.9%

Franshion Brilliant Ltd 5.38% 17.10.18 7.2%As at 31 January 2016* PTT Exploration & Production 4.88% 18.06.19 6.9%Fund Size

NAV Per Unit


RM212.2 million

RM1.1092


Affin Hwang Fixed Maturity Income Fund XA 3-year, closed-ended global bond fund with a principal hold-to-maturity strategy that targets to provide stable levels of annual coupons with the potential for a bonus coupon at Maturity (in MYR terms).

Bond (closed-ended)


Total Return(%)


Launch Date / IOP8 January 2014 / RM1.00

Since Inception

RM269.4 million


4 August 2017

1 July 2014 / RM1.00

Total Return(%)

Launch Date / IOP


Gross Distribution

Repurchase Charge

Annual Management Fee February 2014 to January 2016 NAV-NAV prices and assuming reinvestment of distributions intothe Fund, gross investment based in RM. The value of units may go down as well as up. Pastperformance is not indicative of future performance.Source: Lipper

24 February 2017


This document is prepared by Affin Hwang Asset Management Bhd (429786-T). It is not intended to be an offer invitation to subscribe or purchase any securities. The information contained herein has been obtained from sources believed in goodfaith to be reliable, however, no guarantee is given in its accuracy or completeness. Past performance of the Fund is not an indicative of its future performance. Prices and distribution payable, if any, can go down as well as up. A Product HighlightsSheet (PHS) is available for the Fund and investors have the right to request for a copy of it. The Prospectus for Affin Hwang Fixed Maturity Income Fund X dated 8 January 2014 and Affin Hwang Fixed Maturity Income Fund XI dated 10 June 2014has been registered as well as the PHS has been lodged with the Securities Commission Malaysia, who takes no responsibility for its contents. Investors are advised to read and understand the contents of the PHS and the Prospectuses beforeinvesting. Application for Units can only be made on receipt of a form of application referred to in and accompanying the PHS and the Prospectuses. Investors should also consider the fees and charges involved. A copy of the PHS and theProspectuses can be obtained at our office or any of our sales offices. The Funds may not be suitable for all and if in doubt, investors should seek independent advice.



30 April

Gross Distribution


4.64

Repurchase Charge

August 2014 to January 2016 NAV-NAV prices and assuming reinvestment of distributions intothe Fund, gross investment based in RM. The value of units may go down as well as up. Pastperformance is not indicative of future performance.Source: Lipper

(sen)


RM1.0417


30 April

(sen)4.64

Affin Hwang Fixed Maturity Income Fund XI

Since Inception

Bond (closed-ended)

95

100

105

110

115

120

Feb 14 Jun 14 Oct 14 Feb 15 May 15 Sep 15 Jan 16

Inde

xed

Per

form

ance

(%)

AHFMIFX

Benchmark

4.2%

95.8%


Bonds

1.2%

98.9%


Bonds

95

100

105

110

115

120

Aug 14 Nov 14 Jan 15 Apr 15 Jul 15 Oct 15 Jan 16

Inde

xed

Per

form

ance

(%)

Benchmark

AHFMIFXI




Source: Lipper





Top Holdings as at 31 January 2016* Asset Allocation as at 31 January 2016*From the commencement date Bonds● 1st year 3.0% Issuer Coupon Maturity Date %● 2nd year 2.0% PTT Exploration & Production 4.88% 18.06.19 12.8%● 3rd year 1.0% Dianjian Haixing Ltd 4.05% 21.10.19 10.1%● At maturity Nil CLP Power HK Fin Ltd 4.25% 07.11.19 8.4%

Wells Fargo & Company 7.98% 15.03.18 7.9%As at 31 January 2016* Korean Reinsurance Co 4.50% 21.10.19 7.7%Fund Size

NAV Per Unit


Fund Type 1 Month 1 Year 3 Year IncomeBenchmark

Income Distribution HistoryMaturity Date

Financial Year End



Top Holdings as at 31 January 2016* Asset Allocation as at 31 January 2016*From the commencement date Bonds● 1st year 3.0% Issuer Coupon Maturity Date %● 2nd year 2.0% Genting Singapore PLC 5.13% 12.09.17 18.0%● 3rd year 1.0% PTT Exploration & Production 4.88% 18.06.19 15.4%● At maturity Nil Sinochem Global Cap Co Ltd 5.00% 02.11.18 8.1%

Beijing Capital Polaris Inv Co 2.88% 01.04.18 6.6%As at 31 January 2016* Yinson TMC Sdn. Bhd. 7.00% 25.09.20 5.7%Fund Size

NAV Per Unit

(1) Where a distribution is declared, investors are advised that following the issue of additional Units/distribution, the NAV per Unit will be reduced from cum-distribution NAV to ex-distribution NAV.This document is prepared by Affin Hwang Asset Management Bhd (429786-T). It is not intended to be an offer invitation to subscribe or purchase any securities. The information contained herein has been obtained from sources believed ingood faith to be reliable, however, no guarantee is given in its accuracy or completeness. Past performance of the Fund is not an indicative of its future performance. Prices and distribution payable, if any, can go down as well as up. A ProductHighlights Sheet (PHS) is available for the Fund and investors have the right to request for a copy of it. The Prospectus for Affin Hwang Fixed Maturity Income Fund XII dated 23 October 2014 and Affin Hwang Fixed Maturity Income Fund XIIIdated 12 January 2015 have been registered as well as the PHS has been lodged with the Securities Commission Malaysia, who takes no responsibility for its contents. Investors are advised to read and understand the contents of the PHSand the Prospectuses before investing. Application for Units can only be made on receipt of a form of application referred to in and accompanying the PHS and the Prospectuses. Investors should also consider the fees and chargesinvolved. A copy of the PHS and the Prospectuses can be obtained at our office or any of our sales offices. The Funds may not be suitable for all and if in doubt, investors should seek independent advice.

RM220.0 million

RM1.0253



31 May

Launch Date / IOP

Repurchase Charge

Repurchase Charge

Annual Management FeeNovember 2014 to January 2016 NAV-NAV prices and assuming reinvestment ofdistributions into the Fund, gross investment based in RM. The value of units may go down aswell as up. Past performance is not indicative of future performance.Source: Lipper

17 November 2017

30 September

Gross Distribution(sen)4.89

Distribution Policy : Distribution of income, if any, would be on annualbasis

"Not applicable as the Fund is less than one year track record"

16 February 2018

12 January 2015 / RM1.00

Bond (closed-ended)


Total Return(%)

Since Inception


Affin Hwang Fixed Maturity Income Fund XIIA 3-year, closed-ended global bond fund with a principal hold-to-maturity strategy that targets to provide stable levels of annual coupons with the potential for a bonus coupon at Maturity (in MYR terms).

Bond (closed-ended)


Total Return(%)

Since Inception

Launch Date / IOP23 October 2014 / RM1.00



RM273.7 million

RM0.9954

Affin Hwang Fixed Maturity Income Fund XIII


95

100

105

110

115

120

Nov 14 Feb 15 May 15 Jul 15 Oct 15 Jan 16

Inde

xed

Per

form

ance

(%)

0.0%

100.0%


Bonds

16.8%

83.2%


Bonds

AHFMIFXII

Benchmark





Financial Year End



Top Holdings as at 31 January 2016* Asset Allocation as at 31 January 2016*From the commencement date Bonds● 1st year 3.0% Issuer Coupon Maturity Date %● 2nd year 2.0% Wells Fargo & Company 7.98% 15.03.18 11.1%● 3rd year 1.0% HSBC Hldgs PLC 5.63% 17.01.20 10.4%● At maturity Nil PTT Exploration & Prod 4.88% 18.06.19 10.0%

Standard Chartered PLC 6.50% 02.04.20 6.7%As at 31 January 2016* Franshion Brilliant Ltd 5.38% 17.10.18 6.5%Fund Size

NAV Per Unit

Launch Date / IOP6 April 2015 / RM1.00


Distribution Policy : Distribution of income, if any, would be on annual basis


RM233.8 million

RM1.0174

Affin Hwang Fixed Maturity Income Fund XIVA 3-year, closed-ended global bond fund with a principal hold-to-maturity strategy that targets to provide stable levels of annual coupons with the potential for a bonus coupon at Maturity (in MYR terms).

Bond (closed-ended)


Total Return(%)

Since Inception


Repurchase Charge


20 April 2018

31 May

* The data provided above are that of the Fund and are a percentage of NAV as at 31 January 2016 . All figures are subject to frequent changes on a daily basis. The total for Asset Allocation might not add up to 100% due to rounding.This document is prepared by Affin Hwang Asset Management Bhd (formerly known as Hwang Investment Management Bhd) (429786-T). It is not intended to be an offer invitation to subscribe or purchase any securities. The informationcontained herein has been obtained from sources believed in good faith to be reliable, however, no guarantee is given in its accuracy or completeness. Past performance of the Fund is not an indicative of its future performance. Prices anddistribution payable, if any, can go down as well as up. A Product Highlights Sheet (PHS) is available for the Fund and investors have the right to request for a copy of it. The Prospectus for Affin Hwang Fixed Maturity Income Fund XIV dated 6April 2015 have been registered as well as the PHS has been lodged with the Securities Commission Malaysia, who takes no responsibility for its contents. Investors are advised to read and understand the contents of the PHS and theProspectuses before investing. Application for Units can only be made on receipt of a form of application referred to in and accompanying the PHS and Prospectus. Investors should also consider the fees and charges involved. A copy of thePHS and the Prospectuses can be obtained at our office or any of our sales offices. The Funds may not be suitable for all and if in doubt, investors should seek independent advice.

3.2%

96.8%


Bonds





Financial Year End



Top Holdings as at 31 January 2016* Asset Allocation as at 31 January 2016*From the commencement date Bonds● 1st year 3.0% Issuer Coupon Maturity Date %● 2nd year 2.0% Yinson TMC Sdn Bhd 7.00% 25.09.20 12.3%● 3rd year 1.0% HSBC Hldgs PLC 5.63% 17.01.20 12.0%● At maturity Nil PTT Exploration & Prod 4.88% 18.06.19 11.6%

QBE Capital Funding II LP 6.80% 01.06.17 11.0%As at 31 January 2016* Genting Singapore PLC 5.13% 12.09.17 8.4%Fund Size

NAV Per Unit




Financial Year End



Top Holdings as at 31 January 2016* Asset Allocation as at 31 January 2016*From the commencement date Bonds● 1st year 3.0% Issuer Coupon Maturity Date %● 2nd year 2.0% Citic Pacific Ltd 8.63% 22.11.18 5.9%● 3rd year 1.0% Genting Singapore PLC 5.13% 12.09.17 5.4%● At maturity Nil QBE Capital Funding II LP 6.80% 01.06.17 5.4%

Majid Al Futtaim Hldgs LLC 7.13% 29.10.18 5.3%As at 31 January 2016* Yinson TMC Sdn Bhd 7.00% 25.09.20 5.3%Fund Size

NAV Per Unit

Launch Date / IOP7 September 2015 / RM1.00




RM67.3 million

RM1.0131

Affin Hwang Flexible Maturity Income Fund IA 3-year, closed-ended global bond fund with a principal hold-to-maturity strategy that targets to provide stable levels of annual coupons with the potential for a bonus coupon at Maturity (in MYR terms).

Fixed Income (closed-ended)

3-years Maybank Fixed Deposit Rate

Total Return(%)

Since Inception


Since Inception

Fixed Income (closed-ended)

3-years Maybank Fixed Deposit RateLaunch Date / IOP

Repurchase Charge

RM39.1 million

10 December 2018

26 October 2015 / RM1.00


30 September

Affin Hwang Flexible Maturity Income Fund IIA 3-year, closed-ended global bond fund with a principal hold-to-maturity strategy that targets to provide stable levels of annual coupons with the potential for a bonus coupon at Maturity (in MYR terms).

Total Return(%)

Repurchase Charge


22 October 2018

30 September

This document is prepared by Affin Hwang Asset Management Bhd (formerly known as Hwang Investment Management Bhd) (429786-T). It is not intended to be an offer invitation to subscribe or purchase any securities. The informationcontained herein has been obtained from sources believed in good faith to be reliable, however, no guarantee is given in its accuracy or completeness. Past performance of the Fund is not an indicative of its future performance. Prices anddistribution payable, if any, can go down as well as up. A Product Highlights Sheet (PHS) is available for the Fund and investors have the right to request for a copy of it. The Prospectus for Affin Hwang Flexible Maturity Income Fund Idated 7 September 2015 and Affin Hwang Flexible Maturity Income Fund II dated 26 October 2015 have been registered as well as the PHS has been lodged with the Securities Commission Malaysia, who takes no responsibility for itscontents. Investors are advised to read and understand the contents of the PHS and the Prospectuses before investing. Application for Units can only be made on receipt of a form of application referred to in and accompanying the PHSand the Prospectuses. Investors should also consider the fees and charges involved. A copy of the PHS and the Prospectuses can be obtained at our office or any of our sales offices. The Funds may not be suitable for all and if in doubt,investors should seek independent advice.

RM1.0078





7.9%

92.1%


Bonds

8.7%

91.3%


Bonds




Source: Lipper

Launch Date / IOPIncome Distribution History

Maturity Date Yield(%)

2013 1.40 1.432014 5.63 5.78

Financial Year End 2015 5.58 5.9231 October

Max 3.0% of the NAV per UnitAnnual Management FeeNil

Composition of Underlying Credit Basket Asset Allocation as at 31 January 2016*Closed for purchase 1. Petroleo Brasileiro SARepurchase Charge 2. HSBC Bank Plc

3. Temasek Holdings Pte Ltd4. Crown Ltd5. Volkswagen Aktiengesellschaft

● Not applicable on Maturity Date. 6. PCCW-HKT Telephone LtdAs at 31 January 2016* 7. Reliance Industries LtdFund Size 8. Bank of America Corporation

9. Republic of IndonesiaNAV Per Unit 10. Alliance SERM319.5 million

Minimum Investment

Affin Hwang Structured Income Fund VIIIA 3-year, closed-ended fund that seeks to provide stable levels of calendar quarterly coupons through structured product investments linked to quality Global corporate credits.

Structured Product (closed-ended)


Total Return(%)

20 September 2016 or earlier if an Early call Event is triggered or occurrence of a Default Event.

RM0.9557

Since Inception

Gross Distribution


(sen)

15 August 2013 / RM1.00

This document is prepared by Affin Hwang Asset Management Bhd (formerly known as Hwang Investment Management Bhd) (429786-T). It is not intended to be an offer invitation to subscribe or purchase any securities. The informationcontained herein has been obtained from sources believed in good faith to be reliable, however, no guarantee is given in its accuracy or completeness. Past performance of the Fund is not an indicative of its future performance. Prices anddistribution payable, if any, can go down as well as up. A Product Highlights Sheet (PHS) is available for the Fund and investors have the right to request for a copy of it. The Information Memorandum (IM) for Affin Hwang Structured IncomeFund VIII dated 15 August 2013 have been registered as well as the PHS has been lodged with the Securities Commission Malaysia, who takes no responsibility for its contents. Investors are advised to read and understand the contents of thePHS before investing. Application for Units can only be made on receipt of a form of application referred to in and accompanying the PHS and IM. Investors should also consider the fees and charges involved. A copy of the PHS and IM can beobtained at our office or any of our sales offices. The Funds may not be suitable for all and if in doubt, investors should seek independent advice.


● 5.0% from the commencement date up to the day before the Maturity Date.

September 2013 to January 2016 NAV-NAV prices and assuming reinvestment ofdistributions into the Fund, gross investment based in RM. The value of units may go downas well as up. Past performance is not indicative of future performance.Source: Lipper

90

95

100

105

110

115

Sep 13 Feb 14 Aug 14 Feb 15 Aug 15 Jan 16

Inde

xed

Per

form

ance

(%)

STRIF VIIII

Benchmark

0.1%

99.9%


Cimb Structured Product

43 Asset Management

Fund Risk ClassificationFUNDS SCORE RISK CATEGORY GROUP

0 - 5

6 - 11

12 - 18

19 - 25

26 - 32

Very Low

Low

Moderate

High

Very High

G1

G2

G3

G4

G5

Affin Hwang Aiiman Cash Fund I

Affin Hwang Aiiman Money Market Fund

Affin Hwang Enhanced Deposit Fund

Affin Hwang Select Cash Fund

Affin Hwang Aiiman Global Sukuk Fund

Affin Hwang Aiiman Income Plus Fund

Affin Hwang Bond Fund

Affin Hwang PRS Conservative Fund


Affin Hwang Aiiman Balanced Fund

Affin Hwang Aiiman PRS Shariah Moderate Fund

Affin Hwang Aiiman Select Income Fund

Affin Hwang PRS Moderate Fund

Affin Hwang Select Asia Pacific (ex Japan) Balanced Fund

Affin Hwang Select AUD Income Fund


Affin Hwang Select Income Fund

Affin Hwang Select SGD Income Fund

Affin Hwang Aiiman Asia (ex Japan) Growth Fund

Affin Hwang Aiiman Equity Fund

Affin Hwang Aiiman Growth Fund

Affin Hwang Aiiman PRS Shariah Growth Fund

Affin Hwang Dividend Value Fund

Affin Hwang Equity Fund

Affin Hwang Global Equity Fund

Affin Hwang Growth Fund

Affin Hwang Principled Growth Fund

Affin Hwang PRS Growth Fund

Affin Hwang Select Asia (ex Japan) Opportunity Fund

Affin Hwang Select Asia Pacific (ex Japan) Dividend Fund

Affin Hwang Select Asia Pacific (ex Japan) REITs and Infrastructure Fund

Affin Hwang Select Dividend Fund


Affin Hwang Tactical Fund

Note: Investors are advised to take the Suitability Assessment Test before investing to determine your risk profile.

Affin Hwang Absolute Return Fund II

Affin Hwang Absolute Return Fund III

Affin Hwang ASEAN Flexi Fund

Affin Hwang China Growth Fund

Affin Hwang European Unconstrained Fund

Affin Hwang Japan Growth Fund

Affin Hwang Select Asia (ex Japan) Quantum Fund

nicolewong

Typewritten Text

nicolewong

Typewritten Text

nicolewong

Typewritten Text

nicolewong

Typewritten Text

nicolewong

Typewritten Text

nicolewong

Typewritten Text

Pioneering investment strategies for a brighter financial future

A�n Hwang Asset Management Berhad (429786-T) www.a�nhwangam.com

We’re a distinguished asset management house committed to deliver positive absolute returns to investors for over a decade.

CashManagementSolutions

UnitTrustFunds

Portfolio ManagementServices

PrivateRetirementScheme

DISCLAIMER: This content has been prepared by A�n Hwang Asset Management Berhad (hereinafter referred to as “A�n Hwang AM”) specific for its use, a specific target audience, and for discussion purposes only. All information contained within this presentation belongs to A�n Hwang AM and may not be copied, distributed or otherwise disseminated in whole or in part without written consent of A�n Hwang AM. As with any forms of financial products, the financial product mentioned herein (if any) carries with it various risks. Although attempts have been made to disclose all possible risks involved, the financial product may still be subject to inherent risk that may arise beyond our reasonable contemplation. The financial product may be wholly unsuited for you, if you are averse to the risk arising out of and/ or in connection with the financial product. A�n Hwang AM is not acting as an advisor or agent to any person to whom this presentation is directed. Such persons must make their own independent assessments of the contents of this presentation, should not treat such content as advice relating to legal, accounting, taxation or investment matters and should consult their own advisers. A�n Hwang AM and its a�liates may act as a principal and agent in any transaction contemplated by this presentation, or any other transaction connected with any such transaction, and may as a result earn brokerage, commission or other income. Nothing in this presentation is intended to be, or should be construed as an o�er to buy or sell, or invitation to subscribe for, any securities. Neither A�n Hwang AM nor any of its directors, employees or representatives are to have any liability (including liability to any person by reason of negligence or negligent misstatement) from any statement, opinion, information or matter (expressed or implied) arising out of, contained in or derived from or any omission from this presentation, except liability under statute that cannot be excluded.

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