MARKET UPDATE I monthly review and outlook GLOBAL EQUITIES REGIONAL EQUITIES

Transcription

1 MARKET UPDATE I monthly review and outlook GLOBAL EQUITIES Source: Bloomberg REGIONAL EQUITIES April wrapped up a positive month for the global equity market. Most indices ended the month in positive territory as recovery in the global equity market continued to take place. In contrast to the last quarter, the broader market advanced, with the MSCI World Index closing at 2.5% higher in MYR terms in April. Likewise, similar trend was observed in the Developed Markets as the S&P 500 Index and Tokyo Stock Price Index recorded a gain of 1.4% and 3.6% respectively in MYR terms. The Bank of Japan s decision in its April monetary policy meeting defied expectations of many market participants by keeping its policy unchanged while cutting its GDP growth to 1.2% from previous estimate of 1.5%. The Emerging Markets remained strong on the back of rising commodity prices as well as the Federal Reserve s (Fed) dovishness on the interest rate hike ending the month with 1.5% gains. STRATEGY: April s performance was largely driven by Fed s dovishness and improvement in oil price level. We will continue to take a cautious stance on markets believing that it will remain volatile as key fundamental risk remain unresolved. The regional markets gauged by the MSCI AC Asia (ex Japan) Index ended the month on a flat note, recording a marginal gain of 0.1% in MYR terms while the Shanghai Composite Index slid 1.4% in MYR terms over the same period as data showed that the world s second-largest economy had grown 6.7% year-on-year in the first quarter, its lowest quarterly figure in seven years Nevertheless, recent economic data flowing out of China suggested that the world s second largest economy was slowly regaining its poise China s export rose at their fastest clip in March while industrial profits picked up in the first quarter of The Official PMI contracted to 49.4 in April, lower than its previous month s 49.7 while the services sector continued to show expansion with the Caixin services PMI posted 51.8 in April. Within the ASEAN region, politics took center stage in April. The impending May 9 election in Manila has set the foreign investors to become net sellers of Manila stocks amid fear that the new President is incapable of generating the economic momentum built during President Benigno Aquino s 6-year single term. As such, the Philippines peso fell to its weakest at peso to a dollar. STRATEGY: The Manager expects the regional markets to remain challenging on expectations that the US Dollar will soon regain its strength in near term. As such, the Manager is taking a more cautious stance, and has raised cash levels amid the volatile market condition. Source: Bloomberg 01 MAY 2016 I FUNDamentals

2 MARKET UPDATE I monthly review and outlook LOCAL EQUITIES The domestic equity market ended on a negative note with the FBM KLCI inched down 2.6% in the month of April. The underperformance was partly driven by the state fund 1MDB woes. Malaysian shares slumped, lagging behind its regional peers as heightened concerns on the recent default weighed on market sentiments. The benchmark index underperformed against most of its ASEAN peers with the FTSE ASEAN40 ending the month with a loss of 1.1%. Following that, the Malaysian ringgit weakened against the USD over the month closing at RM3.91 to a dollar. The appointment of the new governor of BNM has calmed the market somewhat. Source: Bloomberg The prospect of a production freeze among world s largest oil exporters dimmed after the Doha meeting regarding oil output ended in stalemate. Nevertheless, crude oil soared 12% settled at $48.13 per barrel on expectations that the supply glut will be rebalanced by 2017 amid falling production numbers. GLOBAL & LOCAL FIXED INCOME STRATEGY: The Manager will maintain a moderately high cash levels for the domestic portfolios as key risk remained unresolved. Optimism remains within the infrastructure sector given the continuous support and commitment by the Malaysian government. The positive run-ups in the financial market and waning demand on safe haven assets led to the softening in US Treasury notes in April. The yields for 3-year and 10-year Treasury notes rose 8 bps and 7 bps respectively though the timeline of potential rate hikes had been pushed out to 2H2016. The negative interest rate experiment embraced by the Bank of Japan (BOJ) deepened the yields for Japanese Government (JGB) into the negative zone. JGB yields lowered by 8 bps and 9 bps on 1-year and 10-year tenures as a result of rising skepticism over BoJ s 2% inflation target amid tepid growth outlook. After months of positive inflow, the Malaysian government bonds reversed some early gains as market optimism waned on domestic bonds. The selective 1MDB default affected market sentiment though the knee-jerk reactions were rather muted in the financial market. The Malaysian Government Securities (MGS) retreated as yields for 3-year and 10-year MGS went up 6 bps and 11 bps respectively over the month. Despite the rise in MGS yields, the ringgit denominated corporate bonds remained resilient on the back of favourable supply and demand dynamics amid an ample liquidity environment. Source: Bloomberg STRATEGY: The volatility in the financial markets has tapered off somewhat, supporting the pick-up in the debt issuance in the primary market. In anticipation of more primary issuances, the Manager intends to participate in the bidding process. However, the Manager remains prudent with its stringent selection process. 02 MAY 2016 I FUNDamentals

3 MARKET UPDATE I monthly review and outlook REITs & INFRASTRUCTURE The year-to-date rally in Asian Real Estate Investment Trusts (REITs) continued, underpinned by yield-searching frenzy and subdued capital growth prospect. The Asian REITs extended the monthly gains by 4.4% (in USD terms) in April alone, bringing the year-to-date return to 17.0% (in USD terms). Nonetheless, the YTD gain was eroded by a 10% MYR appreciation over the same period. Income yielding equities outperformed broader Asian stocks by a whopping 14.8% (in MYR terms) since the early of the year. The solid outperformance was primarily driven by the marked shift in investors flow toward income assets which were able to offer attractive yields relative to the low yielding traditional fixed income assets. Source: Bloomberg The month-long rally in Infrastructure stocks took a breather in April. It returned flat in USD terms but edged up 1.1% in MYR terms due to foreign exchange gain. The Asian infrastructure theme remains attractive as the regional governments continued to pump prime their respective domestic economy through infrastructure spending. The infrastructure-led boom is expected to remain as the prime economic growth driver in coming years. STRATEGY: The Manager believes the investment landscape is set to be characterised by low growth and low yield environment. As global central banks race to the bottom in deepening the policy rate cuts, the popularity of income theme is likely to gain strong traction going forward. The Manager remains positive with the REITs and infrastructure stocks that are set to benefit from the multiyear infrastructure-led economic boom. 03 MAY 2016 I FUNDamentals

4 Content Market Update: Monthly Review & Outlook Affin Hwang's Recommended Funds Fund Risk Classification 43 Fund Factsheets Absolute Return Fund II 35 Flexible Maturity Income Fund I 41 Absolute Return Fund III 36 Flexible Maturity Income Fund II 41 Aiiman Asia (ex Japan) Growth Fund 25 Flexible Maturity Income Fund 5 42 Aiiman Global Sukuk Fund 28 Global Equity Fund 34 Aiiman Growth Fund 26 Japan Growth Fund 30 Aiiman Income Plus Fund 29 PRS Conservative Fund 08 Aiiman PRS Shariah Growth Fund 09 PRS Growth Fund 06 Aiiman PRS Shariah Moderate Fund 10 PRS Moderate Fund 07 Aiiman Select Income Fund 27 Select Asia (ex Japan) Opportunity Fund 13 ASEAN Flexi Fund 12 Select Asia (ex Japan) Quantum Fund 11 China Growth Fund 32 Select Asia Pacific (ex Japan) Balanced Fund 18 Dividend Value Fund 33 Select Asia Pacific (ex Japan) Dividend Fund 16 Enhanced Deposit Fund 24 Select Asia Pacific (ex Japan) REITs and Infrastructure Fund 15 European Unconstrained Fund 31 Select AUD Income Fund 20 Fixed Maturity Income Fund VII 37 Select Balanced Fund 19 Fixed Maturity Income Fund VIII 37 Select Bond Fund 23 Fixed Maturity Income Fund IX 38 Select Dividend Fund 17 Fixed Maturity Income Fund X 38 Select Income Fund 22 Fixed Maturity Income Fund XI 39 Select Opportunity Fund 14 Fixed Maturity Income Fund XII 39 Select SGD Income Fund 21 Fixed Maturity Income Fund XIII 40 Structured Income Fund VIII 42 Fixed Maturity Income Fund XIV 40 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. Asset Management 04

5 Affin Hwang s Recommended Funds FUNDS FUND CATEGORY 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 SHARIAH FUNDS Aiiman Income Plus Fund Aiiman Global Sukuk Fund Aiiman Select Income Fund Aiiman Growth Fund Aiiman Asia (ex Japan) Growth Fund Bond Fixed Income Mixed Asset (Conservative) Equity Equity Income Income Income Growth Growth 05 Asset Management

6 Affin Hwang PRS Growth Fund A Fund that facilitates the accumulation of retirement savings by Members for their retirement needs, by aiming to generate capital growth. Name of Scheme Performance Record as at 30 April 2016* Performance Table as at 30 April 2016* Affin Hwang Private Retirement Scheme : 1 Month 1 Year 3 Year Inception 130 Fund Fund Category : PRSG Core (Growth) : 120 : % FTSE Bursa Malaysia Top 1 Year 3 Year 5 Year Inception 100 Index + 35% MSCI AC Asia Fund N/A 5.2 ex Japan Index + 30% Maybank : N/A Month FD rate : 100 : 02 November 2012 / RM0.50 : : 95 Nov 12 Jun 13 Jan 14 Jul 14 Feb 15 Sep 15 Apr 16 Calendar Year Year To : November 2012 to April 2016 NAV-NAV prices and assuming reinvestment of Fund 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. N/A Financial Year End 31 July Top Holdings as at 30 April 2016* Income Distribution History Affin Hwang Select Bond Fund 26.2% Gross Distribution Yield Subscription Affin Hwang Select Opportunity Fund 19.0% (sen) (%) Cash Affin Hwang Global Equity Fund 14.1% Affin Hwang Select Asia (ex Japan) 10.3% Sales Charge Opportunity Fund Not applicable Affin Hwang Select Dividend Fund 9.4% Distribution Policy : Distribution of income, if any, would be on annual basis Redemption Charge Not applicable Pre-Retirement Withdrawal 8.0% tax penalty Asset Allocation of Underlying Asset as at 30 April 2016* Country Allocation of Underlying Asset as at 30 April 2016* Transfer Fee RM25 for each withdrawal request Equities 60.1% Malaysia Others 15.0% 34.8% Fees by the PPA Annual Fee (2) RM8.00 per annum Up to 1.8% per annum Minimum Investment RM100 Minimum Subsequent Investment RM50 Fixed Income Instruments Money Market Instruments 2.9% 5.5% 31.5% United States China Hong Kong Singapore Japan Indonesia Australia 8.0% 7.6% 7.0% 6.8% 6.3% 5.7% 3.3% 5.5% RM59.1 million RM * The data provided above is that of the Fund and is a percentage of NAV as at 30 April 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. 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. Based on the Fund's portfolio returns as at 31 March 2016, the Volatility Factor (VF) for this Fund is 6.2 and is classified as Low (source: Lipper). Low includes Funds with VF that are above but not more than 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) 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. This document is prepared by Affin Hwang Asset Management Bhd ( 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. 06 MAY 2016 I FUNDamentals

7 Affin Hwang PRS Moderate Fund A Fund that seeks income and capital growth from its investments to facilitate the accumulation of retirement savings for Members' retirement needs. Name of Scheme Performance Record as at 30 April 2016* Performance Table as at 30 April 2016* Affin Hwang Private Retirement Scheme : Month 1 Year 3 Year Inception Fund Fund Category : Core (Moderate) : 120 PRSM : % FTSE Bursa Malaysia Top 1 Year 3 Year 5 Year Inception 100 Index + 30% Dow Fund N/A 5.1 Jones/Asia Pacific Select : N/A Dividend 30 Index + 40% : Maybank 12-Month FD Rate 02 November 2012 / RM0.50 N/A : 100 : Calendar Year Year To : 95 Nov 12 Jun 13 Jan 14 Jul 14 Feb 15 Sep 15 Apr 16 : Fund : November 2012 to April 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. Financial Year End Top Holdings as at 30 April 2016* Income Distribution History 31 July Affin Hwang Select Bond Fund 25.3% Gross Distribution Yield Affin Hwang Asia Pacific (ex Japan) Select 24.5% (sen) (%) Subscription Balanced Fund Cash Affin Hwang Select Dividend Fund 19.4% Affin Hwang Select Balanced Fund 11.3% Sales Charge Affin Hwang Select Asia (ex Japan) 10.3% Distribution Policy : Distribution of income, if any, would be on semi-annual Not applicable Opportunity Fund basis Redemption Charge Not applicable Asset Allocation of Underlying Asset as at 30 April 2016* Country Allocation of Underlying Asset as at 30 April 2016* Pre-Retirement Withdrawal 8.0% tax penalty Equities 47.2% Malaysia Others 14.2% 36.2% Transfer Fee RM25 for each withdrawal Fees by the PPA Annual Fee (2) RM8.00 per annum Fixed Income Instruments Money Market Instruments 1.9% 44.7% Indonesia China Hong Kong Singapore United States 9.3% 7.6% 7.4% 6.7% 5.3% Up to 1.5% per annum 6.3% Korea Australia 3.7% 3.4% Minimum Investment RM % Minimum Subsequent Investment RM50 RM23.6 million RM * The data provided above is that of the Fund and is a percentage of NAV as at 30 April 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. 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. Based on the Fund's portfolio returns as at 31 March 2016, the Volatility Factor (VF) for this Fund is 5.1 and is classified as Low (source: Lipper). Low includes Funds with VF that are above but not more than 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) 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. This document is prepared by Affin Hwang Asset Management Bhd ( 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. 07 MAY 2016 I FUNDamentals

8 Affin Hwang PRS Conservative Fund A Fund that aims to provide Members with a capital preservation for their retirement needs. Name of Scheme Performance Record as at 30 April 2016* Performance Table as at 30 April 2016* Affin Hwang Private Retirement Scheme 1 Month 1 Year 3 Year Inception 115 Fund Fund Category PRSC Core (Conservative) Maybank 12-Month Fixed Year 3 Year 5 Year Inception Deposit Rate Fund N/A N/A November 2012 / RM0.50 Calendar Year Year To 95 N/A Nov 12 Jun 13 Jan 14 Jul 14 Feb 15 Sep 15 Apr 16 Fund November 2012 to April 2016 NAV-NAV prices and assuming reinvestment of distributions into the Fund, gross investment based in RM. The value of Units may Financial Year End go down as well as up. Past performance is not indicative of future performance. 31 July Subscription Top Holdings as at 30 April 2016* Income Distribution History Cash Affin Hwang Aiiman Growth Fund 22.2% Gross Distribution Yield 6.24% Jimah East Power Sdn Bhd ( ) 13.6% (sen) (%) Sales Charge 7.50% Public Finance Bhd ( ) 12.0% Not applicable Affin Hwang Aiiman Income Plus Fund 11.4% % Eon Bank Bhd ( ) 6.8% Redemption Charge 6.80% Mah Sing Group Bhd ( ) 3.1% Distribution Policy : Distribution of income, if any, would be on semi-annual Not applicable basis Pre-Retirement Withdrawal 8.0% tax penalty Transfer Fee RM25 for each withdrawal request Fees by the PPA Annual Fee (2) RM8.00 per annum Asset Allocation of Underlying Asset as at 30 April 2016* Fixed Income Instruments Money Market Instruments 37.5% 45.4% Up to 1.3% per annum Minimum Investment RM100 Equities 1.5% 15.6% Minimum Subsequent Investment RM50 RM8.1 million RM * The data provided above is that of the Fund and is a percentage of NAV as at 30 April 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. 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. Based on the Fund's portfolio returns as at 31 March 2016, the Volatility Factor (VF) for this Fund is 2.8 and is classified as Low (source: Lipper). Low includes Funds with VF that are above but not more than 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) 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. This document is prepared by Affin Hwang Asset Management Bhd ( 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. 08 MAY 2016 I FUNDamentals

9 Affin Hwang Aiiman PRS Shariah Growth Fund 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. Name of Scheme Performance Record as at 30 April 2016* Performance Table as at 30 April 2016* Affin Hwang Private Retirement Scheme : 1 Month 1 Year 3 Year Inception 145 Fund Fund Category : APRSSG Feeder (Equity) : 135 : 125 FTSE Bursa Malaysia Emas 1 Year 3 Year 5 Year Inception Shariah Index Fund N/A : N/A 2.9 : 02 November 2012 / RM0.50 : 105 : Calendar Year Year To 95 : Nov 12 Jun 13 Jan 14 Jul 14 Feb 15 Sep 15 Apr 16 N/A : Fund : November 2012 to April 2016 NAV-NAV prices and assuming reinvestment of distributions into the Fund, gross investment based in RM. The value of Units may Financial Year End go down as well as up. Past performance is not indicative of future performance. 31 July Subscription Target Fund Holding as at 30 April 2016* Income Distribution History Cash Equities % Gross Distribution Yield Tenaga Nasional Bhd 6.7% (sen) (%) Sales Charge IJM Corporation Bhd 4.0% Not applicable Syarikat Takaful Malaysia 4.0% Telekom Malaysia Bhd 3.7% Redemption Charge Axiata Group Bhd 3.5% Not applicable Genting Plantations Bhd 3.1% Distribution Policy : Distribution of income, if any, would be on annual basis BIMB Holdings Bhd 3.1% Pre-Retirement Withdrawal Gamuda Bhd 3.1% 8.0% tax penalty Petronas Gas Berhad 2.6% QL Resources Berhad 2.3% Transfer Fee RM25 for each withdrawal request Target Fund Sector Allocation as at Fees by the PPA 30 April 2016* Asset Allocation as at 30 April 2016* Annual Fee (2) Affin Hwang Aiiman Growth Fund 99.9% RM8.00 per annum 14.3% 0.1% Up to 1.8% per annum Minimum Investment RM100 Minimum Subsequent Investment RM50 RM23.6 million RM Financials^ Consumer Goods Telecommunications Utilities Oil & Gas Technology Health Care Other 3.4% 2.8% 8.7% 6.7% 6.0% 5.9% 12.0% 10.0% 30.1% ^Shariah-compliant Financials which is inclusive of Property and REITs. The data provided above are that of the Fund and are a percentage of NAV as at 30 April 2016 * The data provided above is that of the Fund and is a percentage of NAV as at 30 April 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. 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. Based on the Fund's portfolio returns as at 31 March 2016, the Volatility Factor (VF) for this Fund is 10.7 and is classified as Very High (source: Lipper). Very High includes Funds with VF that are above 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) 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. This document is prepared by Affin Hwang Asset Management Bhd ( 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. 09 MAY 2016 I FUNDamentals

10 Affin Hwang Aiiman PRS Shariah Moderate Fund A Fund that seeks to facilitate the accumulation of Shariah-compliant retirement needs by generating income and capital growth. Name of Scheme Performance Record as at 30 April 2016* Performance Table as at 30 April 2016* Affin Hwang Private Retirement Scheme : 1 Month 1 Year 3 Year Inception Fund Category : Mixed Asset (Income & Growth) : : 60% FTSE Bursa Malaysia EMAS Shariah Index + 40% Maybank 12-Month General Investment Account (GIA) rate. 01 July 2015 / RM0.50 : N/A "Not applicable as the Fund is less tha one year" "Not applicable as the Fund is less than one year" 1 Year 3 Year 5 Year Inception : "Not applicable as the Fund is less than one year" : : : : Calendar Year Year To : "Not applicable as the Fund is less than one year" Financial Year End 31 July Top Holding as at 30 April 2016* Affin Hwang Aiiman Select Income Fund 48.6% Subscription Affin Hwang Aiiman Growth Fund 39.6% Cash Affin Hwang Aiiman Money Market Fund 10.0% Income Distribution History Distribution Policy : Distribution of income, if any, would be on semi-annual basis Sales Charge Not applicable Redemption Charge Not applicable Pre-Retirement Withdrawal 8.0% tax penalty Transfer Fee RM25 for each withdrawal request Asset Allocation of Underlying Asset as at 30 April 2016* Equities Fixed Income Instruments 35.4% 46.6% Fees by the PPA Annual Fee (2) RM8.00 per annum Money Market Instruments 2.3% 15.7% Up to 1.5% per annum Minimum Investment RM100 Minimum Subsequent Investment RM50 RM0.3 million RM * The data provided above is that of the Fund and is a percentage of NAV as at 30 April 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. 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. (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. This document is prepared by Affin Hwang Asset Management Bhd. 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. 10 MAY 2016 I FUNDamentals

11 Affin Hwang Select Asia (ex Japan) Quantum Fund Best Asset Manager in Malaysia A total return fund that seeks to capture the high growth of developing companies within the Asia (ex Japan) region. Equity 1 Month 1 Year 3 Year Inception Fund Type 350 (2) Fund Growth SAQF MSCI AC Asia (ex Japan) Small Cap Index Year 3 Year 5 Year Inception Fund April 2004 / RM N/A 50 May 04 Sep 06 Feb 09 Jun 11 Nov 13 Apr 16 Calendar Year Year To Fund May 2004 to April 2016 NAV-NAV prices and assuming reinvestment of distributions Financial Year End into the Fund, gross investment based in RM. The value of Units may go down as February (or 29 February in well as up. Past performance is not indicative of future performance. the event of a leap year) Max 5.5% of the NAV per unit Top Holdings as at 30 April 2016* Income Distribution History Equities % Gross Distribution Yield Subscription Religare Health Trust 5.4% (sen) (%) Cash HKBN Ltd 4.6% Mapletree Greater China 4.3% China Aviation Oil Sg Corp Ltd 4.3% Up to 1.5% per annum Nippon Indosari Corpindo Tbk 4.0% Duty Free International Ltd 3.6% Distribution Policy : Incidental Minimum Investment Ekovest Bhd 3.4% RM1,000 IGB REIT Allianz Malaysia Berhad 3.3% 3.3% Minimum Subsequent Reach Energy Bhd 2.8% Investment RM100 RM144.4 million RM Indexed Performance (%) 300 Sector Allocation as at 30 April 2016* Country Allocation as at 30 April 2016* Financials Consumer Goods Oil & Gas Consumer Services Technology 7.4% 6.5% 11.4% 11.3% 15.7% 26.9% Malaysia Singapore Indonesia Hong Kong Philippines South Korea 4.3% 2.6% 7.5% 7.2% 22.6% 34.9% Utilities 2.4% Australia 1.9% Overall rating** Health Care 1.8% United States 1.8% Basic Materials 1.3% Others 1.8% 15.4% 15.4% * The data provided above are that of the Fund and are a percentage of NAV as at 30 April 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. **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. 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, 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 The was replaced by the FTSE Bursa Malaysia Small-Cap Index from 26 June 2006 onwards. As of 4 February 2008, MSCI AC Asia ex Japan Small Cap Index was used as the as the Fund assumed its new mandate. Based on the Fund's portfolio returns as at 31 March 2016, the Volatility Factor (VF) for this Fund is 10.6 and is classified as High (source: Lipper). High includes Funds with VF that are above but not more than 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. This document is prepared by Affin Hwang Asset Management Bhd ( 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 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 Master Prospectus (MP) dated 18 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 MP 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 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 in doubt, investors should seek independent advice. 11 MAY 2016 I FUNDamentals

12 Affin Hwang Asean Flexi Fund Best Asset Manager in Malaysia 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. Mixed Assets 1 Month 1 Year 3 Year Inception 125 (2) Fund Type Fund N/A 2.7 Growth & Income N/A 17.7 Indexed Performance (%) % FTSE/ASEAN 40 Index (for equity investments) + 50% RAM 1 Year 3 Year 5 Year Inception Quantshop MGS All Index (for 105 Fund -3.9 N/A N/A 1.7 fixed income investments) 7.7 N/A N/A AFlexiF 95 8 September 2014 / RM0.50 Calendar Year Year To Sep 14 Feb 15 Jul 15 Nov 15 Apr 16 September 2014 to April 2016 NAV-NAV prices and assuming reinvestment of Fund N/A 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. Financial Year End 30 November Top Holdings as at 30 April 2016* Max 5.5% of the NAV per unit Issuer Coupon % Genting SG PLC 5.13% % Subscription Cash Income Distribution History Distribution Policy : Distribution of income, if any, would be on annual basis 1.8% per annum Equities % Minimum Investment Major Cineplex Group PCL 5.2% RM1,000 Robinsons Retail Holdings Inc 4.8% DBS Group Holdings Ltd 4.6% Minimum Subsequent Metropolitan Bank & Trust Co 4.5% Investment Tenaga Nasional Berhad 4.3% RM100 Sector Allocation as at 30 April 2016* Country Allocation as at 30 April 2016* Financials 30.8% Singapore RM90.9 million RM Consumer Services Consumer Goods Utilities 4.3% 9.8% 14.1% 19.2% Indonesia Philippines Thailand 13.8% 13.1% 16.3% 28.3% Telecommunications 3.2% 1.5% Malaysia 11.5% 17.0% 17.0% Credit Profile as at 30 April 2016* BBB^^ 100.0% ^^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. * The data provided above is that of the Fund and is a percentage of NAV as at 30 April 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. 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. (2) As at 8 September 2015, the was replaced by the 50% FTSE/ASEAN 40 Index for equity investments and 50% RAM Quantshop MGS All Index for fixed income investments. This document is prepared by Affin Hwang Asset Management Bhd ( 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 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 8 September 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 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 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 may not be suitable for all and if in doubt, investors should seek independent advice. 12 MAY 2016 I FUNDamentals

13 Affin Hwang Select Asia (ex Japan) Opportunity Fund Best Asset Manager in Malaysia An equity fund that provides exposure to prevailing opportunities and themes through investments within the Asian (ex Japan) region. Fund Category Performance Record as at 30 April 2016* Performance Table as at 30 April 2016* Equity Month 1 Year 3 Year Inception Fund Type Fund Growth SAOF MSCI AC Asia ex Japan Index 1 Year 3 Year 5 Year Inception Fund July 2006 / RM Indexed Performance (%) N/A Aug 06 Jul 08 Jun 10 May 12 Apr 14 Apr 16 Calendar Year Year To Financial Year End August 2006 to April 2016 NAV-NAV prices and assuming reinvestment of Fund January 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. Max 5.5% of the NAV per unit Top Holdings as at 30 April 2016* Income Distribution History Subscription Equities % Gross Distribution Yield Cash Tenaga Nasional Bhd 5.1% (sen) (%) Tencent Holdings Ltd 4.9% Kangwon Land Inc 4.3% Up to 1.5% per annum KEPCO Plant Serv & Engineering 3.5% Allianz Malaysia Berhad 3.1% (2) Distribution Policy : Incidental Minimum Investment Alibaba Group Holding Ltd 3.1% RM1,000 HKBN Ltd 3.0% AIA Group Ltd 3.0% Minimum Subsequent Major Cineplex Group PCL 2.7% Investment IGB REIT 2.6% RM100 Sector Allocation as at 30 April 2016* Country Allocation as at 30 April 2016* Consumer Services 16.6% Hong Kong 15.6% Financials 16.2% Malaysia 11.8% RM122.6 million 15.5% China 11.5% Technology 12.0% South Korea 9.9% RM Taiwan 7.5% Utilities 9.1% Singapore 7.3% Consumer Goods 4.6% Indonesia 5.9% Health Care 1.5% Thailand 5.7% Telecommunications 1.2% Others 1.5% 23.3% 23.3% * The data provided above are that of the Fund and are a percentage of NAV as at 30 April 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. **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 As at 15 June 2012, the was replaced by the MSCI AC Asia Ex Japan Index. (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, 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 March 2016, the Volatility Factor (VF) for this Fund is 8.6 and is classified as Moderate (source: Lipper). Moderate includes Funds with VF that are above but not more than 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. This document is prepared by Affin Hwang Asset Management Bhd ( 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 Master Prospectus (MP) dated 18 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 MP 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 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 in doubt, investors should seek independent advice 13 MAY 2016 I FUNDamentals

14 Affin Hwang Select Opportunity Fund An unconstrained equity fund, anchored by Malaysian stocks with an Asian focus that attempts to provide absolute returns across market cycles. Equity Month 1 Year 3 Year Inception Fund Type Fund Growth 690 SOF FTSE Bursa MalaysianTop 100 Index (FBM100) Year 3 Year 5 Year Inception 290 Fund September 2001 / RM Sep 01 Feb 04 Aug 06 Jan 09 Jun 11 Nov 13 Apr 16 N/A Calendar Year Year To September 2001 to April 2016 NAV-NAV prices and assuming reinvestment of Fund distributions into the Fund, gross investment based in RM. The value of Units may Financial Year End go down as well as up. Past performance is not indicative of future performance July Cash Sales Top Holdings as at 30 April 2016* Income Distribution History (past 10 years) Max 5.5% of the NAV per unit Equities % Gross Distribution Yield EPF Sales Axiata Group Bhd 5.4% (sen) (%) Max 3.0% of the NAV per unit Tenaga Nasional Bhd 4.9% Fraser & Neave Holdings Bhd 4.8% Subscription Genting Plantations Bhd 4.7% Cash / EPF IGB REIT 3.6% Sunway Reit 2.9% Ekovest Bhd 2.9% Up to 1.5% per annum Reach Energy Bhd 2.9% Malayan Banking Bhd 2.9% Minimum Investment Allianz Malaysia Berhad 2.8% RM1, Distribution Policy : Distribution of income, if any, would be on annual basis Minimum Subsequent Investment RM100 Sector Allocation as at 30 April 2016* Country Allocation as at 30 April 2016* RM557.2 million RM Financials Consumer Goods Technology Utilities Telecommunications Consumer Services 12.3% 9.8% 8.5% 7.3% 6.2% 6.0% 31.7% Malaysia Singapore Hong Kong China Indonesia Philippines 7.0% 4.1% 3.9% 2.2% 2.2% 66.5% Oil & Gas 5.3% South Korea 2.0% Overall rating** Basic Materials 1.3% 11.6% Thailand 0.5% 11.6% * The data provided above is that of the Fund and is a percentage of NAV as at 30 April 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. **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. 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 March 2016, the Volatility Factor (VF) for this Fund is 9.1 and is classified as High (source: Lipper). High includes Funds with VF that are above but not more than 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. This document is prepared by Affin Hwang Asset Management Bhd ( 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 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 Master Prospectus (MP) dated 18 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 MP 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 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 in doubt, investors should seek independent advice. 14 MAY 2016 I FUNDamentals

15 Affin Hwang Select Asia Pacific (ex Japan) REITs and Infrastructure Fund 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. Mixed Assets 1 Month 1 Year 3 Year Inception Fund Type (2) Fund Income and Growth % MSCI All Country Asia ex Japan Infrastructure Index + 1 Year 3 Year 5 Year Inception 25% Bloomberg Asia Real 90 Fund Estate Investment Trust Index SAPRIF 25 April 2007 / RM Calendar Year Year To May 07 Nov 08 May 10 Nov 11 May 13 Oct 14 Apr 16 May 2007 to April 2016 NAV-NAV prices and assuming reinvestment of distributions Fund N/A 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. Financial Year End 30 April Top Holdings as at 30 April 2016* Income Distribution History Equities Gross Distribution Yield Max 5.5% of the NAV per Unit Tenaga Nasional Bhd 8.4% (sen) (%) Mapletree Greater China 5.3% Subscription CT Environment Group Ltd 5.2% Cash HKBN Ltd 5.0% Harmonicare Medical Hldgs Ltd 4.7% IGB REIT 4.5% Distribution Policy : Distribution of income, if any, would be on annual basis 1.8% per annum Pembangunan Perumahan Persero 4.5% PT Jasa Marga 3.6% Minimum Investment CapitaLand Retail China Trust 3.2% RM1,000 Sunway REIT 3.1% Minimum Subsequent Investment Sector Allocation as at 30 April 2016* Country Allocation as at 30 April 2016* RM % Malaysia RM104.3 million RM Financials Utilities Technology Health Care Telecommunications Consumer Services Oil & Gas 2.0% 0.5% 5.0% 4.7% 4.5% 8.4% 25.0% Indonesia China Singapore Hong Kong Thailand Philippines 4.4% 3.2% 7.0% 13.2% 11.9% 16.1% 23.3% 20.9% 20.9% * The data provided above are that of the Fund and are a percentage of NAV as at 30 April 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. 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. (2) As at 21 December 2014 the was replaced by the 75% MSCI AC Asia ex Japan Infrastructure Index and 25% Bloomberg Asia REIT Index. Based on the Fund's portfolio returns as at 31 March 2016, the Volatility Factor (VF) for this Fund is 7.7 and is classified as Moderate (source: Lipper). Moderate includes Funds with VF that are above but not more than 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. This document is prepared by Affin Hwang Asset Management Bhd ( 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 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 Master Prospectus (MP) dated 18 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 MP 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 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 in doubt, investors should seek independent advice. 15 MAY 2016 I FUNDamentals

16 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 dividend yielding equities and future dividend leaders" primarily within the Asia Pacific ex Japan region. Equity 1 Month 1 Year 3 Year Inception 115 Fund Type Fund N/A 4.5 Growth & Income SAPDF N/A MSCI AC Asia Pacific ex Japan High Dividend Yield Index Year 3 Year 5 Year Inception 95 Fund 0.1 N/A N/A N/A N/A December 2014 / RM Dec 14 Apr 15 Aug 15 Dec 15 Apr 16 Calendar Year Year To N/A December 2014 to April 2016 NAV-NAV prices and assuming reinvestment of Fund distributions into the Fund, gross investment based in RM. The value of Units Financial Year End may go down as well as up. Past performance is not indicative of future 31 August Max 5.5% of the NAV per Unit Top Holdings as at 30 April 2016* Income Distribution History Equities Subscription Tenaga Nasional Bhd 4.5% Cash KEPCO Plant Serv & Engineering 3.4% AIA Group Ltd 3.2% HKBN Ltd 3.0% 1.85% per annum CK Hutchison Holdings Ltd 2.7% IGB REIT 2.7% Minimum Investment Major Cineplax Group PCL 2.6% RM1,000 Great Eastern Holdings LTD 2.5% Hong Leong Bank Bhd 2.4% Minimum Subsequent Allianz Malaysia Berhad 2.3% Investment RM100 RM202.0 million RM performance. Distribution Policy : Distribution of income, if any, would be on semiannual basis. Sector Allocation as at 30 April 2016* Country Allocation as at 30 April 2016* Financials Utilities Technology 11.2% 9.2% 17.2% 28.9% Malaysia Hong Kong Singapore Australia 7.4% 16.6% 14.5% 19.9% Consumer Services 8.1% Taiwan 6.2% Telecommunications 4.0% China 6.1% Oil & Gas 1.6% Thailand 5.5% Consumer Goods 1.5% South Korea 5.4% 18.4% 18.4% * The data provided above are that of the Fund and are a percentage of NAV as at 30 April 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. As at 8 December 2015, the was replaced by the MSCI AC Asia Pacific ex Japan High Dividend Yield Index. This document is prepared by Affin Hwang Asset Management Bhd ( 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 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 8 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 of the 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 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 may not be suitable for all and if in doubt, investors should seek independent advice. 16 MAY 2016 I FUNDamentals

17 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 "dividend leaders". Equity Month 1 Year 3 Year Inception Fund Type Fund (2) Income & Growth SDF 70% FTSE Bursa Malaysia Top Index + 30% MSCI AC Asia 1 Year 3 Year 5 Year Inception Pacific ex Japan High Dividend 120 Fund Yield Index March 2011 / RM Calendar Year Year To Apr 11 Jul 12 Oct 13 Jan 15 Apr 16 Fund N/A April 2011 to April 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. Financial Year End 30 September Top Holdings as at 30 April 2016* Income Distribution History Equities % Gross Distribution Yield Cash Sales Tenaga Nasional Bhd 4.4% (sen) (%) Max 5.5% of the NAV per Unit Malayan Banking Bhd 4.3% EPF Sales Allianz Malaysia Berhad 4.2% Max 3.0% of the NAV per Unit Hong Leong Financial Group Bhd 4.1% Reach Energy Bhd 3.8% Subscription IGB REIT 3.4% Distribution Policy : Distribution of income, if any, would be on semiannual Cash / EPF Telekom Malaysia Bhd 2.8% basis Public Bank Bhd 2.7% Bursa Malaysia Berhad 2.7% 1.5% per annum Kangwon Land Inc 2.5% Minimum Investment RM1,000 Sector Allocation as at 30 April 2016* Country Allocation as at 30 April 2016* Minimum Subsequent Investment RM100 RM206.6 million Financials Consumer Goods Oil & Gas Consumer Services Telecommunications Utilities Technology 12.1% 7.2% 6.7% 6.6% 6.5% 5.6% 4.5% 32.5% Malaysia Hong Kong Singapore South Korea Indonesia Thailand China 5.1% 4.6% 4.1% 3.7% 1.5% 1.3% 61.4% RM Health Care 1.0% 17.3% Philippines 1.0% 17.3% Overall rating** * The data provided above are that of the Fund and are a percentage of NAV as at 30 April 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. **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. 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. (2) As at 28 March 2016, the was replaced by the 70% FTSE Bursa Malaysia Top 100 Index + 30% MSCI AC Asia Pacific ex Japan High Dividend Yield Index. Based on the Fund's portfolio returns as at 31 March 2016, the Volatility Factor (VF) for this Fund is 6.8 and is classified as Moderate (source: Lipper). Moderate includes Funds with VF that are above but not more than 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. This document is prepared by Affin Hwang Asset Management Bhd ( 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 Prospectus dated 28 March 2016 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 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 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 may not be suitable for all and if in doubt, investors should seek independent advice. 17 MAY 2016 I FUNDamentals

18 Affin Hwang Select Asia Pacific (ex Japan) Balanced Fund A balanced fund that seeks to provide growth and income opportunities through a diversified portfolio containing a mixture of equities and fixed income instruments within the Asia Pacific (ex Japan) region. Balanced Month 1 Year 3 Year Inception Fund Type Fund N/A 3.6 Growth and Income N/A % MSCI AC Asia Pacific ex Japan Index + 50% RAM Quantshop MGS All Index 8 December 2014 / RM SAPBAF 1 Year 3 Year 5 Year Inception Fund -0.6 N/A N/A N/A N/A 10.9 N/A 90 Dec 14 Apr 15 Aug 15 Dec 15 Apr 16 Calendar Year Year To Financial Year End December 2014 to April 2016 NAV-NAV prices and assuming reinvestment of distributions Fund 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 April Top Holdings as at 30 April 2016* Income Distribution History Max 5.5% of the NAV per Unit Issuer Coupon % Distribution Policy : Distribution of income, if any, would be on semi-annual Subscription Perusahaan Penerbit SBSN 4.55% % basis. Cash AusNet Serv Hldgs Pty PT 5.75% % Lippo Karawaci Tbk PT 7.00% % Malayan Banking Berhad 3.91% % Up to 1.85% per annum Public Bank Bhd 6.84% % Minimum Investment Equities % RM1,000 Kangwon Land Inc 3.1% HKBN Ltd 3.0% Minimum Subsequent Tenaga Nasional Berhad 2.6% Investment Tencent Holdings Ltd 2.6% RM100 KEPCO Plant Serv & Engineering 2.2% Sector Allocation as at 30 April 2016* Credit Profile as at 30 April 2016* RM17.3 million 43.1% RM Portfolio Yield 4.9% Portfolio Duration 4.2 years Consumer Services Technology Financials Consumer Goods Utilities 2.6% 6.5% 5.2% 10.1% 9.3% 8.7% BBB^^ Others 31.0% 58.3% Telecommunications 1.4% 13.2% BB^^ 10.7% Coupon (%) The Credit Profile above are a percentage of the Fund's fixed income portion only. ^^ rated either by Standard & Poor's or Moody * The data provided above is that of the Fund and is a percentage of NAV as at 30 April 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. As at 8 December 2015, the 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. This document is prepared by Affin Hwang Asset Management Bhd ( 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 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 8 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 of the 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 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 may not be suitable for all and if in doubt, investors should seek independent advice. 18 MAY 2016 I FUNDamentals

19 Affin Hwang Select Balanced Fund Best Asset Manager in Malaysia An absolute return focused fund that targets to provide a balance between high level of cash flow as well as growth, through a balanced exposure into Malaysian focused fixed income and equities. Balanced 1 Month 1 Year 3 Year Inception 335 Fund Type Fund Growth and Income 295 SBAF % FBM Top 100 Index + 50% 255 Maybank 12-Month Fixed Deposit Year 3 Year 5 Year Inception Rate Fund July 2003 / RM0.50 Indexed Performance (%) 135 N/A 95 Aug 03 Sep 05 Nov 07 Dec 09 Jan 12 Mar 14 Apr 16 Calendar Year Year To Financial Year End August 2003 to April 2016 NAV-NAV prices and assuming reinvestment of distributions into Fund 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 June Top Holdings as at 30 April 2016* Income Distribution History (past 10 years) Cash Sales Gross Distribution Yield Max 5.5% of the NAV per Unit Issuer Coupon % (sen) (%) EPF Sales Mah Sing Group Bhd 6.80% % Max 3.0% of the NAV per Unit Yinson TMC Sdn Bhd 7.00% % Sabah Development Bank Bhd 0.00% % Subscription Tan Chong Motor Hldgs Bhd 4.70% % Cash / EPF Public Finance Berhad 7.50% % Equities % Up to 1.5% per annum Tenaga Nasional Bhd 3.7% Genting Plantations Bhd 3.1% Minimum Investment Axiata Group Bhd 2.4% RM1,000 Fraser & Neave Holdings Bhd 2.4% Distribution Policy : Distribution of income, if any, would be on semiannual Mapletree Greater China 2.2% basis Minimum Subsequent Investment RM100 Sector Allocation as at 30 April 2016* Credit Profile as at 30 April 2016* Financials 15.4% 47.4% AA 54.5% RM251.1 million RM Portfolio Yield 4.3% Consumer Goods Technology Utilities Telecommunications Consumer Services 4.3% 3.1% 2.3% 7.8% 6.4% 6.1% Portfolio Duration 7.2% 3.5 years Coupon (%) Others AAA BBB^^ BB^^ 19.0% 14.2% 10.4% 1.9% Overall rating** The Credit Profile above are a percentage of the Fund's fixed income portion only. ^^ rated either by Standard & Poor's or Moody * The data provided above is that of the Fund and is a percentage of NAV as at 30 April 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. **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 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. Based on the Fund's portfolio returns as at 31 March 2016, 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 but not more than 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. This document is prepared by Affin Hwang Asset Management Bhd ( 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 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 Master Prospectus (MP) dated 18 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 MP 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 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 in doubt, investors should seek independent advice. 19 MAY 2016 I FUNDamentals

20 Affin Hwang Select AUD 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 Australian Dollar denominated fixed income and equities. AUD Class RM Class Mixed Assets 1 Month 1 Year 3 Year Inception Fund Type 150 Fund (AUD) Income & Growth Fund (RM) SAUDIF (AUD Class) 80% Reserve Bank of Australia 130 Average Rate of Term Deposits + 20% Dow Jones Australia Year 3 Year 5 Year Inception Select Dividend 30 Index Fund (AUD) Base Currency Fund (RM) AUD Calendar Year Year To Mar 11 Jun 12 Sep 13 Jan 15 Apr March 2010 / RM March 2011 / AUD0.50 March 2011 to April 2016 NAV-NAV prices and assuming reinvestment of distributions into Fund (AUD) 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 Financial Year End Fund (RM) August Top Holdings as at 30 April 2016* Income Distribution History Max 3.0% of the NAV per Unit Gross Distribution / Yield Issuer Coupon % AUD Class RM Class Subscription Perth Airport Pty Ltd 5.50% % cents/(%) sen/(%) Cash SGSP Australia Assets Pty L 5.50% % / 4.7 Australian Government 3.25% % / / 4.6 Export-Import Bk Korea 4.50% % / / % per annum Crown Group Finance Ltd 4.50% % / / / / 4.4 Minimum Investment / Equities % / / 0.9 Minimum Subsequent Sydney Airport 1.5% (2) Distribution Policy : Distribution of income, if any, would be on semiannual Investment Transurban Group 1.5% basis AUD5,000 / AUD1,000 Caltex Australia Ltd 1.5% RM1,000 / RM100 AGL Energy Ltd 1.1% Spotless Group Holdings Ltd 1.1% / AUD161.9 million / AUD Sector Allocation as at 30 April 2016* Credit Profile as at 30 April 2016* RM45.0 million / RM % Portfolio Yield 3.4% 7.3% BBB 40.5% Portfolio Duration 3.3 years Financials Health Care 4.0% 3.1% A 30.7% Oil & Gas Utilities 1.7% 1.1% AA 17.6% Consumer Goods 0.5% 9.1% AAA 11.2% The Credit Profile above are a percentage of the Fund's fixed income portion only. * The data provided above are that of the Fund and are a percentage of NAV as at 30 April 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. 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. (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 are calculated based on the total dividend payout/ex-distribution NAV. Based on the Fund's portfolio returns as at 31 March 2016, 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 8.9 and is classified as High. (source: Lipper). Low includes Funds with VF that are above but not more than While High includes funds with VF that are above but not more than 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. This document is prepared by Affin Hwang Asset Management Bhd ( 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 Prospectus dated 18 March 2016 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 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 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 may not be suitable for all and if in doubt, investors should seek independent advice 20 MAY 2016 I FUNDamentals

21 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. SGD Class RM Class Mixed Assets 1 Month 1 Year 3 Year Inception 130 Fund Type Fund (SGD) Income Fund (RM) SSGDIF (SGD Class) 70% 12-Month Singapore Banks Average FD rate + 30% Singapore's FTSE Straits Times 1 Year 3 Year 5 Year Inception Fund (SGD) N/A 3.0 Base Currency N/A -0.3 SGD Fund (RM) N/A August 2012/ RM0.50 Aug 12 Mar 13 Nov 13 Jun 14 Jan 15 Sep 15 Apr 16 Calendar Year Year To 01 August 2012/ SGD0.50 August 2012 to April 2016 NAV-NAV prices and assuming reinvestment of distributions into Fund (SGD) Financial Year End the Fund, gross investment based in SGD. The value of Units may go down as well as up. Past performance is not indicative of future performance March Fund (RM) Initial Max 3.0% Top Holdings as at 30 April 2016* Income Distribution History of NAV Gross Distribution / Yield Subscription Issuer Coupon % SGD Class RM Class Cash Genting Singapore PLC 5.13% % cents/(%) sen/(%) FCL Treasury Pte Ltd 5.00% % / / 1.9 Wing Tai Properties Fin Ltd 4.25% % / / % per annum GLL IHT Pte Ltd 4.70% % / / 2.7 ABN AMRO Bank 4.70% % / / 0.2 Minimum Investment / (2) Distribution Policy : Distribution of income, if any, would be on semiannual Minimum Subsequent Equities % basis Investment Mapletree Greater China 3.1% SGD5,000 / SGD1,000 Croesus Retail Trust 3.1% RM1,000 / RM100 Thai Beverage PCL 2.4% CapitaLand Retail China Trust 2.2% Religare Heath Trust 2.2% / SGD102.4 million / SGD RM283.1 million / RM Sector Allocation as at 30 April 2016* Credit Profile as at 30 April 2016* Portfolio Yield 3.7% 64.5% Others^^ 53.2% Portfolio Duration 3.0 years Financials Consumer Goods 5.1% 16.3% BBB 31.4% Consumer Services 2.0% 1.3% A 15.4% 10.8% The Credit Profile above are a percentage of the Fund's fixed income portion only. ^^ 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 30 April 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. 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. (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. Based on the Fund's portfolio returns as at 31 March 2016, the Volatility Factor (VF) for this Fund is 4.8 and is classified as Low. Whereas the VF for Affin Hwang Select AUD Income Fund (RM Class) is 6.6 and is classified as Moderate. (source: Lipper). Low includes Funds with VF that are above but not more than While Moderate includes funds with VF that are above but not more than 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. This document is prepared by Affin Hwang Asset Management Bhd ( 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 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 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 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 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 may not be suitable for all and if in doubt, investors should seek independent advice. 21 MAY 2016 I FUNDamentals

22 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. Fund Category Performance Record as at 30 April 2016* Performance Table as at 30 April 2016* Fixed Income 235 (2) 1 Month 1 Year 3 Year Inception Fund Type Fund Income and Growth % Maybank 12-month Fixed Deposit Rate + 30% Dow Jones/Asia Pacific Select Dividend 30 Index 1 Year 3 Year 5 Year Inception Fund Jan 05 Dec 06 Oct 08 Sep 10 Jul 12 Jun 14 Apr 16 6 January 2005 / RM0.50 Calendar Year Year To January 2005 to April 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 Fund N/A up. Past performance is not indicative of future performance Financial Year End 28 February (or 29 February in the Top Holdings as at 30 April 2016* Income Distribution History (past 10 years) event of a leap year) Gross Distribution Yield Issuer Coupon % (sen) (%) Max 3.0% of the NAV per unit Genting Singapore PLC 5.13% % JD.com Inc 3.88% % Subscription Malayan Banking Bhd 3.25% % Cash LS Finance Ltd 4.25% % Theta Capital Pte Ltd 6.13% % Up to 1.5% per annum (3) Equities % Tenaga Nasional Bhd 2.4% Minimum Investment AIA Group Ltd 1.4% RM1,000 Alibaba Group Holding Ltd 1.1% KEPCO Plant Serv & Engineering 0.9% Minimum Subsequent Allianz Malaysia Berhad 0.9% Distribution Policy : Distribution of income, if any, would be on quarterly Investment RM100 basis Sector Allocation as at 30 April 2016* Currency Exposure as at 30 April 2016* 66.9% Malaysia Ringgit 23.8% RM1,469.9 million RM Portfolio Yield 4.7% Portfolio Duration 3.9 years Financials Consumer Services Utilities Technology Consumer Goods Telecommunications Health Care 3.3% 2.4% 1.5% 1.4% 1.0% 0.9% 0.6% 6.5% SIF 15.4% US Dollar Hong Kong Dollar Indonesia Rupiah Singapore Dollar Philippine Peso Chinese Yuan South Korean Won Thailand Baht Others 3.3% 3.3% 9.1% 2.9% 1.6% 1.5% 1.5% 1.5% 1.8% 1.8% 0.5% 0.5% 7.0% 7.0% 1.8% 0.4% 19.0% 49.7% 62.1% Before Hedging After Hedging Overall rating** * The data provided above is that of the Fund and is a percentage of NAV as at 30 April 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. **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. 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. (2) As at 18 July 2015, the 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 was revised to 1.50% per annum of the NAV of the Fund. Based on the Fund's portfolio returns as at 31 March 2016, thevolatility Factor (VF) for this Fund is 3.8 and is classified as Low (source : Lipper). Low includes funds with VF that are above but not more than 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. This document is prepared by Affin Hwang Asset Management Bhd ( 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 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 Master Prospectus (MP) dated 18 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 MP 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 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 in doubt, investors should seek independent advice. 22 MAY 2016 I FUNDamentals

23 Affin Hwang Select Bond Fund A global bond fund with Asian focus that seeks to provide a general level of income distribution and total returns from MYR perspective. Bond 1 Month 1 Year 3 Year Inception Fund Type 215 Fund (RM) Income (2) Fund (USD) N/A 6.3 Maybank 12-month Fixed Deposit Rate 175 SBOF (RM Class) Base Currency Year 3 Year 5 Year Inception RM Fund (RM) Fund (USD) 1.8 N/A N/A July 2003 / RM July 2013 / USD Aug 03 Sep 05 Nov 07 Dec 09 Jan 12 Feb 14 Apr 16 Calendar Year Year To Financial Year End 30 June August 2003 to April 2016 NAV-NAV prices and assuming reinvestment of distributions into Fund (RM) 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 Fund (USD) Max 2.0% of the NAV per unit Top Holdings as at 30 April 2016* Income Distribution History (past 10 years) Subscription Gross Distribution / Yield Cash Issuer Coupon % RM Class USD Class Malayan Banking Bhd 3.25% % sen/(%) cents/(%) Indonesia Treasury Bond 8.75% % / 4.9 Up to 1.0% per annum Genting Singapore PLC 5.13% % / 4.8 Shimao Property Hldgs Ltd 8.13% % / 3.3 Minimum Investment / US TREASURY N/B 1.38% % / 4.6 Minimum Subsequent PTT Exploration & Prod 4.88% % / 2.7 Investment Royal Capital B.V. 6.25% % / 4.4 RM1,000 / RM100 Majapahit Holding BV 8.00% % / 4.2 USD5,000 / USD1,000 DBNGP Fin. Co Pty Ltd 6.00% % / 4.1 Franshion Brilliant Ltd 5.75% % / / / / 2.0 / / / 0.4 RM636.1 million / RM Distribution Policy : Distribution of income, if any, would be on USD11.9 million / USD quarterly basis Sector Allocation as at 30 April 2016* Credit Profile as at 30 April 2016* Portfolio Yield 4.4% Banks 19.8% BBB^^ 33.0% Real Estate 17.7% Others 14.9% Portfolio Duration 3.6 years Government Others 11.8% 9.9% A^^ AA 14.2% 10.4% Utilities Financial Services Oil & Gas Consumer Services 4.8% 4.7% 5.3% 8.9% 8.6% 8.6% BB^^ AA^^ AAA^^ B^^ AAA Cash 3.2% 2.2% 1.6% 5.2% 5.3% 9.9% RM Class Currency Exposure as at 30 April 2016* Before After Hedging Hedging Malaysia Ringgit 25.3% 71.4% US Dollar 53.4% 22.5% Indonesia Rupiah 9.9% 5.0% Chinese Yuan 0.9% 0.9% Singapore Dollar 8.0% 0.1% Australian Dollar 6.9% 0.1% Euro 0.6% 0.0% ^^Foreign bonds rated either by Standard & Poor's or Moody's * The data provided above are that of the Fund and are a percentage of NAV as at 30 April 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. **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. 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. (2) As at 18 July 2015, the was replaced by the Maybank 12-month fixed deposit rate. Based on the Fund's portfolio returns as at 31 March 2016, the Volatility Factor (VF) for this Fund is 2.6 and is classified as Low (source : Lipper). Low includes funds with VF that are above but not more than 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. This document is prepared by Affin Hwang Asset Management Bhd ( 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 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 Master Prospectus (MP) dated 18 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 MP 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 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 in doubt, investors should seek independent advice. 23 MAY 2016 I FUNDamentals

24 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. Money Market Month 1 Year 3 Year Inception Fund Type Fund Income 135 AHEDF Maybank Overnight Repo Rate Year 3 Year 5 Year Inception 115 Fund April 2005 / RM N/A 95 Calendar Year Year To Apr 05 Feb 07 Dec 08 Oct 10 Aug 12 Jun 14 Apr 16 Financial Year End April 2005 to April 2016 NAV-NAV prices and assuming reinvestment of Fund April 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. Credit Profile as at 30 April 2016* Income Distribution History Subscription Gross Distribution Yield Cash / EPF (sen) (%) Others 2.3% Up to 0.5% per annum P % Minimum Investment RM10,000 AA 13.8% Minimum Subsequent Investment Cash 79.3% RM10, Maturity Profile as at 30 April 2016* Distribution Policy : Distribution of income, if any, would be on monthly basis At as 30 April 2016* RM218.8 million 0-3 months 3-6 months 30.5% 40.4% RM months 20.8% Portfolio Yield 4.4% Portfolio Duration 136 days 9-12 months months 4.6% 3.7% * The data provided above are that of the Fund and are a percentage of NAV as at 30 April 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. **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. 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 March 2016, 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 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. This document is prepared by Affin Hwang Asset Management Bhd ( 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 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 Master Prospectus (MP) dated 31 March 2016 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 MP 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 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 Fund may not be suitable for all and if in doubt, investors should seek independent advice. 24 MAY 2016 I FUNDamentals

25 Affin Hwang Aiiman Asia (ex Japan) Growth Fund A Shariah-compliant equity fund focused on achieving capital appreciation through opportunities within Asia ex-japan. Equity 1 Month 1 Year 3 Year Inception Fund Type "Not applicable as the Fund has less than one year track record." Growth Dow Jones Islamic Market Asia/Pacific ex Japan Index Base Currency RM Launch Date 14 December 2015 "Not applicable as the Fund has less than one year track record" 1 Year 3 Year 5 Year Inception "Not applicable as the Fund has less than one year track record" Calendar Year Year To Date "Not applicable as the Fund has less than one year track record" Initial Offer Price Top Holdings as at 30 April 2016* Income Distribution History MYR Class : RM0.50 Equities Tencent Holdings Ltd 8.5% Financial Year End Taiwan Semiconductor Manufac 4.8% 31 October Tenaga Nasional Bhd 4.3% Baidu Inc 4.2% HKBN Ltd 4.1% Max 6.5% of the NAV per Unit KEPCO Plant Serv & Engineering 3.3% NAVER Corp 3.2% Subscription Alibaba Group Holding Ltd 3.1% Cash ComfortDelGro Corporation Ltd 2.9% Religare Health Trust 2.7% 1.8% per annum Distribution Policy : Distribution of income, if any, would be annual basis after the end of the first financial year. Minimum Investment / Minimum Subsequent Investment RM1,000 / RM100 Sector Allocation as at 30 April 2016* Country Profile as at 30 April 2016* Technology 27.1% China 20.7% RM20.0 million RM Consumer Services Utilities Financials 9.0% 8.7% 5.8% 15.0% Singapore Malaysia Hong Kong Taiwan South Korea 9.7% 9.1% 8.5% 8.3% 7.0% Consumer Goods Health Care 5.2% 2.1% 27.2% Thailand Indonesia Philippines Cash 4.6% 3.7% 1.1% 27.2% * The data provided above are that of the Fund and are a percentage of NAV as at 30 April 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. 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 ( 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 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 14 December 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 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 may not be suitable for all and if in doubt, investors should seek independent advice. 25 MAY 2016 I FUNDamentals

26 Affin Hwang Aiiman Growth Fund A total return fund that aims for capital appreciation through investment in Shariah-compliant Malaysian equities. Equity 1 Month 1 Year 3 Year Inception Fund Type 590 Fund Growth AGF FBM Emas Shariah Index Year 3 Year 5 Year Inception 290 Fund October 2002 / RM N/A 90 Oct 02 Jan 05 Apr 07 Jul 09 Oct 11 Jan 14 Apr 16 Calendar Year Year To Financial Year End October 2002 to April 2016 NAV-NAV prices and assuming reinvestment of 31 August distributions into the Fund, gross investment based in RM. The value of Units may Fund go down as well as up. Past performance is not indicative of future performance Cash Sales Max 6.5% of the NAV per Unit sales by IUTA Top Holdings as at 30 April 2016* Income Distribution History (past 10 years) Max 5.5% of the NAV per Unit Equities % Gross Distribution Yield for sales by IDC & UTC Tenaga Nasional Bhd 6.7% (sen) (%) EPF Sales IJM Corporation Bhd 4.0% Max 3.0% of the NAV per Unit Syarikat Takaful Malaysia 4.0% Telekom Malaysia Bhd 3.7% Subscription Axiata Group Bhd 3.5% Cash / EPF Genting Plantations Bhd 3.1% BIMB Holdings Bhd 3.1% Gamuda Bhd 3.1% Up to 1.5% per annum Petronas Gas Berhad 2.6% QL Resources Berhad 2.3% Minimum Investment RM1,000 (2) Distribution Policy : Distribution of income, if any, would be on annual basis Minimum Subsequent Investment RM100 Sector Allocation as at 30 April 2016* 14.3% Financials^ 12.0% Consumer Goods 10.0% RM356.6 million RM Telecommunications Utilities Oil & Gas Technology Health Care Other 8.7% 6.7% 6.0% 5.9% 3.4% 2.8% Overall rating** 30.1% ^Shariah-compliant Financials which is inclusive of Property and REITs. * The data provided above are that of the Fund and are a percentage of NAV as at 30 April 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. **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. 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). (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. Based on the Fund's portfolio returns as at 31 March 2016, the Volatility Factor (VF) for this Fund is 11.2 and is classified as Very High (source: Lipper). Very High includes Funds with VF that are above 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. 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 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. 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 22 September 2015 and Supplemental Master Prospectus dated 29 February 2016 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 Master 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 Master Prospectuses. Investors should also consider the fees and charges involved. 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. 26 MAY 2016 I FUNDamentals

27 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. Mixed Assets Month 1 Year 3 Year Inception Fund Type Fund Income 115 ASIF % 12-month Maybank General Investment Account (GIA) + 30% FTSE Bursa Malaysia EMAS Shariah Index (FBMSHA) 1 Year 3 Year 5 Year Inception Fund N/A N/A 3.4 Calendar Year Year To 1 March 2013 / RM0.50 March 2013 to April 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. Fund Past performance is not indicative of future performance N/A Financial Year End 31 March Top Holdings as at 30 April 2016* Income Distribution History Sukuk Gross Distribution Yield Issuer Coupon % (sen) (%) Max 3.0% of the NAV per Unit Al-'Aqar Capital Sdn Bhd 4.35% % Gamuda Bhd 4.21% % Subscription Jimah East Power SB 6.24% % Distribution Policy : Distribution of income, if any, would be on semiannual Cash Plus Bhd 4.64% % basis DanaInfra Nasional Bhd 5.02% % 1.2% per annum Equities % Axiata Group Bhd 1.6% Minimum Investment Scientex Bhd 1.4% RM1,000 Tenaga Nasional Bhd 1.2% BIMB Holdings Bhd 1.2% Minimum Subsequent Matrix Concepts Holdings Bhd 1.2% Investment RM100 Sector Allocation as at 30 April 2016* Currency Exposure as at 30 April 2016* Sukuk 61.7% Malaysia Ringgit 88.5% RM71.1 million RM Portfolio Yield 4.5% Portfolio Duration 5.5 years Mar 13 Aug 13 Dec 13 May 14 Oct 14 Feb 15 Jul 15 Nov 15 Apr 16 Financials Telecommunications Technology Consumer Goods Consumer Services Utilities 4.9% 4.1% 2.1% 2.0% 1.5% 1.2% 7.6% 14.9% US Dollar Singapore Dollar Hong Kong Dollar Taiwan Dollar Indonesia Rupiah Philippine Peso 4.5% 3.6% 1.4% 0.9% 0.6% 0.5% Currency Exposure for the Fund is shown after reflecting currency forward contracts * The data provided above is that of the Fund and is a percentage of NAV as at 30 April 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. 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 ( 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 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 1 March 2016 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 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 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 may not be suitable for all and if in doubt, investors should seek independent advice. 27 MAY 2016 I FUNDamentals

28 Affin Hwang Aiiman Global Sukuk Fund A fund that aims at proiding a regular income stream through a portfolio of global Shariah-compliant fixed income opportunities. Fixed Income 1 Month 1 Year 3 Year Inception Fund Type "Not applicable as the Fund has less than one year track record." Income Dow Jones Sukuk Index "Not applicable as the Fund has less than one year track record" 1 Year 3 Year 5 Year Inception Base Currency USD Launch Date 14 December 2015 Initial Offer Price USD Class : USD0.50 Top Holdings as at 30 April 2016* MYR Class : RM0.50 Sukuk Issuer Coupon % Financial Year End Sharjah Sukuk Ltd 3.84% % 31 May Malaysia Sukuk Global Bhd 3.18% % Danga Capital Bhd 3.04% % Initial Perusahaan Penerbit SBSN 3.30% % Max 2.0% of the NAV per Unit TF Varlik Kiralama AS 5.38% % Perusahaan Penerbit SBSN 4.55% % Subscription QIB Sukuk Ltd 2.75% % Cash DP World Ltd 6.25% % SoQ Sukuk A Q.S.C 3.24% % EMG Sukuk Ltd 4.56% % 1.2% per annum "Not applicable as the Fund has less than one year track record" Calendar Year Year To Date Income Distribution History "Not applicable as the Fund has less than one year track record" Distribution Policy : Distribution of income, if any, would be annual basis after the end of the first financial year. Minimum Investment / Minimum Subsequent Investment USD5,000 / USD1,000 RM1,000 / RM500 / USD4.9 million / USD RM1,391 / RM Portfolio Yield 3.0% Portfolio Duration 4.4 years Sector Allocation as at 30 April 2016* Credit Profile as at 30 April 2016* Government 44.4% A Banks 19.8% Utilities 8.3% BBB Quasi-Gov 8.2% Others 8.3% Real Estate 4.2% 4.2% AA 4.3% Oil & Gas 4.1% 6.8% Cash 6.8% 37.8% 42.8% * The data provided above is that of the Fund and is a percentage of NAV as at 30 April 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. 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 ( 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 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 14 December 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 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 may not be suitable for all and if in doubt, investors should seek independent advice. 28 MAY 2016 I FUNDamentals

29 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 regular income distributions. Bond Month 1 Year 3 Year Inception Fund Type Fund AIPF Income month Maybank General 155 Investment Account (GIA) rate Year 3 Year 5 Year Inception Fund June 2004 / RM Jul 04 Jun 07 May 10 Apr 13 Apr 16 Calendar Year Year To N/A July 2004 to April 2016 NAV-NAV prices and assuming reinvestment of distributions into the Fund Fund, gross investment based in RM. The value of Units may go down as well as up. Past Financial Year End performance is not indicative of future performance August Cash Sales Top Holdings as at 30 April 2016* Income Distribution History Max 2.0% of the NAV per Unit Sukuk Gross Distribution Yield EPF Sales Issuer Coupon % (sen) (%) Max 2.0% of the NAV per Unit Jimah East Power Sdn Bhd 6.28% % GII 4.39% % Subscription GII 4.07% % Cash / EPF Bumitama Agri Ltd 5.00% % Kapar Energy Ventures SB 4.55% % Axis REIT Sukuk Bhd 4.50% % Up to 1.0% per annum Al-'Aqar Capital Sdn Bhd 4.35% % BGSM Management Sdn Bhd 4.90% % Minimum Investment Prasarana Malaysia Bhd 4.75% % RM1,000 BGSM Management Sdn Bhd 6.60% % Minimum Subsequent (2) Distribution Policy : Distribution of income, if any, would be on quarterly Investment basis RM100 Sector Allocation as at 30 April 2016* Credit Profile as at 30 April 2016* Utilities 21.7% 28.1% AA 56.2% RM398.2 million RM Portfolio Yield 4.5% Portfolio Duration 5.6 years Consumer Goods Real Estate Government Financial Services Banks Telecommunications Oil & Gas Quasi-Gov 10.0% 8.5% 8.4% 6.4% 2.5% 1.6% 1.5% 0.8% 10.5% AAA SOV Others Cash 4.0% 8.4% 10.5% 20.9% Overall rating** * The data provided above are that of the Fund and are a percentage of NAV as at 30 April 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. **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 As at 15 April 2010, the was replaced by the 12-month Maybank General Investment Account (GIA) rate as the Fund assumed its new mandate. (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. Based on the Fund's portfolio returns as at 31 March 2016, the Volatility Factor (VF) for this fund is 1.3 and is classified as Very Low (source: Lipper). Very Low includes Funds with VF that are not more than 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. 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 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. 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 22 September 2015 and Supplemental Master Prospectus dated 29 February 2016 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, the Master Prospectus and Supplemental Master Prospectus before investing. Application for Units can only be made on receipt of a form of application referred to in and accompanying the PHS the Master Prospectus and Supplemental Master Prospectus. Investors should also consider the fees and charges involved. A copy of the PHS Master Prospectus and Supplemental Master 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. 29 MAY 2016 I FUNDamentals

30 Affin Hwang Japan Growth Fund Best Asset Manager in Malaysia An equity fund that provides exposure into Japanese economy by investing in under-valued Japanese companies with growth potential. Equity 1 Month 1 Year 3 Year Inception Fund Type 170 Fund (%) N/A 14.4 Growth 160 (%) N/A TOPIX (Tokyo Stock Price Index) 130 Return Index 1 Year 3 Year 5 Year Inception 120 Fund (%) N/A N/A 6.6 External Fund Manager JGF (%) 3.2 N/A N/A 15.8 Nikko Asset Management Co. Ltd Mar 14 Jul 14 Nov 14 Apr 15 Aug 15 Dec 15 Apr 16 March 2014 to April 2016 NAV-NAV prices and assuming reinvestment of Calendar Year Year To 3 March 2014 / RM0.50 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. Fund (%) (%) N/A Financial Year End 28 February (or 29 February in the event of a leap year) Max 5.5% of the NAV per Unit Top 10 Holdings as at 30 April 2016* Sector Allocation as at 30 April 2016* Equities % Toyota Motor Corp 3.0% Daikin Industries Ltd 2.7% ESPEC Corp 1.9% Consumer Goods Yondoshi Holdings Inc 1.7% Financials Subscription Mitsubishi UFJ Fin Group Inc 1.6% Cash Nitori Holdings Co Ltd 1.5% Softbank Corp 1.5% KDDI Corp 1.5% Up to 1.8% per annum Hitachi Ltd 1.3% Ajinomoto Co Inc 1.3% Minimum Investment RM1,000 Minimum Subsequent Investment RM100 Consumer Services Basic Materials Telecommunications Health Care Technology Others 1.7% 0.8% 5.6% 3.9% 3.3% 12.9% 11.2% 17.0% 14.1% 29.4% Income Distribution Incidental RM260.6 million RM * The data provided above are that of the Fund and are a percentage of NAV as at 30 April 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. The Fund is not expected to make distribution. However, incedental distribution may be declared whenever is appropriate. This document is prepared by Affin Hwang Asset Management Bhd ( 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 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 Prospectus dated 3 March 2016 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 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 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 may not be suitable for all and if in doubt, investors should seek independent advice. 30 MAY 2016 I FUNDamentals

31 Affin Hwang European Unconstrained Fund An equity feeder fund that provides investors with an unconstrained access into European opportunities, primarily through a portfolio of equities. Feeder Fund (Wholesale) 1 Month 1 Year 3 Year Inception Fund Type "Not applicable as the Fund has less than one year track record." Growth Target Fund Manager UBS Global Asset Management (UK) Ltd, London Target Fund UBS (Lux) Equity SICAV European Opportunity Unconstrained 1 Year 3 Year 5 Year "Not applicable as the Fund has less than one year track record" MSCI Europe Index Target Fund Top Holdings as at 31 March 2016# Asset Allocation as at 31 March 2016** Base Currency Equities UBS (Lux) Equity SICAV European EUR Novartis AG 9.6% Opportunity Unconstrained 79.7% Bayer AG NPV 4.2% 20.3% Launch Date Nestle SA 4.2% 9 November 2015 Unilever Ord 3.6% **The data provided above are that of the Fund and are a percentage of NAV as at 31 March GSK 3.2% Initial Offer Price Novo Nordisk A/S-B 3.0% Income Distribution History MYR Hedged-Class : RM0.50 Reckitt Benckiser Group 2.8% (2) Distribution Policy : Distribution of income, if any, would be on quarterly EUR Class : EUR0.50 SAP 2.7% basis and will be after the end of the first financial year. AUD Hedged-Class : AUD0.50 Allianz 2.6% SGD Hedged-Class : SGD0.50 National Grid 2.4% USD Hedged-Class : USD0.50 Financial Year End Target Fund Sector Allocation as at 31 March 2016# Target Fund Country Allocation as at 31 March 2016# 31 March Health Care 0.0% United Kingdom 35.1% 34.0% -7.7% Financial Services -4.4% Germany 24.8% Max 5.5% of the NAV per Unit 28.0% -3.3% -5.0% Switzerland 17.4% Consumer Staples -5.2% 22.2% Subscription -16.4% France 12.3% -4.1% Cash 12.1% -6.2% Netherlands 12.1% Consumer Discretionary -0.4% 11.3% -2.3% Sweden 8.7% Up to 1.8% per annum Energy -4.4% 6.8% -0.9% Others 8.5% Information Technology -13.1% 6.5% Minimum Investment / Minimum Subsequent Investment Telecommunication Services -0.9% Denmark 7.3% -0.5% 6.3% RM10,000 / RM5,000 Utility -2.3% Italy 6.9% -4.3% 6.2% EUR5,000 / EUR1, % AUD5,000 / AUD1,000 Materials -4.7% Belgium -0.1% 1.8% SGD5,000 / SGD1, % Others 0.0% United States 0.0% USD5,000 / USD1, % / RM91.5 million / RM EUR1.0 million / EUR AUD6.7 million / AUD SGD4.5 million / SGD USD0.9 million / USD "Not applicable as the Fund has less than one year track record" Short Long Year To Date Inception "Not applicable as the Fund has less than one year track record" Calendar Year Short Long # 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 March 2016 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. * The data provided above are that of the Fund and are a percentage of NAV as at 30 April 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. 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 (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. This document is prepared by Affin Hwang Asset Management Bhd ( 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 Infomation Memorandum (IM) dated 2 February 2016 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 replacement 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 replacement IM. Investors should also consider the fees and charges involved. A copy of the PHS and the replacement 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. 31 MAY 2016 I FUNDamentals

32 Affin Hwang China Growth Fund Best Asset Manager in Malaysia 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. Feeder Fund (Wholesale) 1 Month 1 Year 3 Year Inception Fund Type 210 Fund Growth Target Fund Manager Citigroup First Investment AHCGF 150 Management Limited Year 3 Year 5 Year Inception Target Fund Sub-Manager Fund N/A 6.0 China Asset Management (Hong N/A 4.2 Kong) Limited 90 Target Fund 70 China Select Fund Jul 11 Sep 12 Dec 13 Feb 15 Apr 16 Calendar Year Year To July 2011 to April 2016 NAV-NAV prices and assuming reinvestment of distributions into Fund the Fund, gross investment based in RM. The value of Units may go down as well as 80% MSCI China Index + 20% up. Past performance is not indicative of future performance China Securities Index July 2011 / RM0.50 Target Fund Top Holdings as at 31 March 2016# Asset Allocation as at 31 March 2016** Equities China Select Fund 94.8% Tencent Holdings Ltd 9.6% 5.2% N/A China Resources Land Ltd 3.5% Industrial & Commercial Bank of China Ltd 3.5% **The data provided above are that of the Fund and are a percentage of NAV as at 31 March Financial Year End China Mobile Ltd 3.5% 31 December CSPC Pharmaceutical Group Ltd 3.4% Max 5.5% of the NAV per Unit Subscription Cash Up to 1.8% per annum Minimum Investment RM30,000 Minimum Subsequent Investment RM10,000 Income Distribution N/A RM72.8 million RM Overall Morningstar Rating of Target Fund** Target Fund Sector Allocation as at 31 March 2016# Target Fund Country Allocation as at 31 March 2016# Financials 23.8% Hong Kong H-Share 67.6% Consumer Discretionary 20.3% Information Technology 17.5% China A-Share 17.5% Health Care 14.2% 8.7% Others 8.0% Materials 3.7% Telecommunication Services 3.5% China B-Share 2.0% Utilities 2.8% Consumer Staples 0.6% 5.0% 5.0% #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 March 2016 as the data is provided by the Target Fund Manager after Affin Hwang 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. * The data provided above are that of the Fund and are a percentage of NAV as at 30 April 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. **Overall rating as at 31 March 2016 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. The Fund is not expected to make distribution. Based on the Fund's portfolio returns as at 31 March 2016, the Volatility Factor (VF) for this Fund is 21.2 and is classified as Very High (source: Lipper). Very High includes Funds with VF that are above 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. This document is prepared by Affin Hwang Asset Management Bhd ( 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 6 April 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. 32 MAY 2016 I FUNDamentals

33 Affin Hwang Dividend Value Fund Best Asset Manager in Malaysia A feeder fund that provides capital appreciation by investing primarily in a portfolio of Asian focused equity securities. Feeder Fund (Wholesale) 1 Month 1 Year 3 Year Inception Fund Type "Not applicable as the Fund has less than one year track record." Growth Target Fund Manager Value Partners Limited "Not applicable as the Fund has less than one year track record" 1 Year 3 Year 5 Year Target Fund Value Partners High-Dividend Stocks Fund Dow Jones Asia Select Dividend 30 "Not applicable as the Fund has less than one year track record" Index Target Fund Top Holdings as at 31 March 2016# Asset Allocation as at 31 March 2016** Base Currency Equities Value Partners High-Dividend Stocks Fund 80.9% USD China Overseas Land & Investment 3.2% 19.1% China Construction Bank 3.0% Launch Date China Life Insurance 2.9% **The data provided above are that of the Fund and are a percentage of NAV as at 31 March June 2015 Longfor Properties 2.4% Amorepacific Corp. 2.3% Initial Offer Price Samsung Fire & Marine Insurance 2.2% Income Distribution History RM Class : RM0.50 Korea Electric Power 2.1% USD Class : USD0.50 China Power International Development 2.0% AUD Class : AUD0.50 Gree Electric Appliances 1.9% SGD Class : SGD0.50 Dongbu Insurance 1.8% Calendar Year "Not applicable as the Fund has less than one year track record" Year To Date Financial Year End 31 March Target Fund Sector Allocation as at 31 March 2016# Target Fund Country Allocation as at 31 March 2016# Inception (2) Distribution Policy : Distribution of income, if any, would be on quarterly basis and will be after the end of the first financial year. Max 5.5% of the NAV per Unit Subscription Cash Up to 1.65% per annum Minimum Investment / Minimum Subsequent Investment RM30,000 / RM10,000 USD10,000 / USD5,000 AUD10,000 / AUD5,000 SGD10,000 / SGD5,000 / RM94.8 million / RM USD7.7 million / USD AUD13.3 million / AUD SGD12.2 million / SGD Real Estate Consumer Discretionary Banks Insurance Utilities Information Technology Consumer Staples Reits Other Financials Energy Telecom Services Others Cash 7.0% 6.0% 5.0% 5.0% 4.0% 4.0% 3.0% 3.0% 2.0% 1.0% 5.0% 16.0% 15.0% 13.0% 11.0% Hong Kong H Shares South Korea Red Chips Singapore Others China A Shares Taiwan Thailand Cash 7.0% 7.0% 4.0% 3.0% 3.0% 2.0% 5.0% 22.0% 18.0% 17.0% 12.0% # 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 March 2016 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. * The data provided above are that of the Fund and are a percentage of NAV as at 30 April 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. 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 (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. This document is prepared by Affin Hwang Asset Management Bhd ( 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. 33 MAY 2016 I FUNDamentals

34 Affin Hwang Global Equity Fund A feeder fund that aims to provide capital appreciation through access into global equity opportunities. Equity Feeder (Wholesale) 1 Month 1 Year 3 Year Inception Fund Type "Not applicable as the Fund has less than one year track record." Growth Target Fund Manager Nikko Asset Management Asia Ltd. "Not applicable as the Fund has less than one year track record" 1 Year 3 Year 5 Year Target Fund Sub-Manager "Not applicable as the Fund has less than one year track record" Nikko Asset Management Europe Ltd. Calendar Year To Target Fund Year Date Nikko AM Shenton Global Opportunities Fund "Not applicable as the Fund has less than one year track record" Target Fund Top Holdings as at 31 March 2016# Asset Allocation as at 31 March 2016** MSCI World Free Index Equities Nikko AM Shenton Global Opportunities Fund 80.8% Microsoft Corp 3.9% 19.2% Base Currency Facebook Inc-A 3.5% SGD AT&T Inc 3.0% **The data provided above are that of the Fund and are a percentage of NAV as at 31 March Treasury Wine Estates Ltd 3.0% Launch Date AbbVie Inc 2.8% 23 November 2015 Advance Auto Parts Inc 2.6% Income Distribution History Livanova PLC 2.6% (2) Distribution Policy : Distribution of income, if any, would be on quarterly basis Initial Offer Price Tyson Foods Inc-Cl A 2.5% and will be after the end of the first financial year. RM Class : RM0.50 Coca-Cola Co (The) 2.4% USD Class : USD0.50 Caltex Australia Ltd 2.4% SGD Class : SGD0.50 Financial Year End Target Fund Sector Allocation as at 31 March 2016# Target Fund Country Allocation as at 31 March 2016# 30 September Inception Max 5.5% of the NAV per Unit Health Care Others 16.0% 18.9% United States Others 15.4% 51.8% Subscription Cash Financials 15.8% Japan 8.8% Up to 1.8% per annum Minimum Investment / Minimum Subsequent Investment RM30,000 / RM10,000 USD10,000 / USD5,000 SGD10,000 / SGD5,000 / RM11.8 million / RM USD0.2 million / USD SGD4,684 / SGD Information Technology Consumer Staples Consumer Discretionary 1.9% 7.6% 12.9% 12.1% 14.9% Britain Germany Australia China 5.8% 5.6% 5.4% 5.4% 1.9% # 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 March 2016 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. * The data provided above are that of the Fund and are a percentage of NAV as at 30 April 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. 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 (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. This document is prepared by Affin Hwang Asset Management Bhd ( 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. 34 MAY 2016 I FUNDamentals

35 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. Fund Category Performance Record as at 30 April 2016* Performance Table as at 30 April 2016* Mixed Assets Month 1 Year 3 Year Inception Fund Type AHARFII Fund Growth MSCI World Absolute return of 8% per annum Year 3 Year 5 Year Inception 18 December 2007 / RM MSCI World Fund MSCI World N/A 40 Jan 08 May 09 Oct 10 Feb 12 Jul 13 Nov 14 Apr 16 Financial Year End 31 May January 2008 to April 2016 NAV-NAV prices and assuming reinvestment of Calendar Year Year To 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. Fund Max 2.0% of the NAV per Unit MSCI World Subscription Cash Sector Allocation as at 30 April 2016* Country Allocation as at 30 April 2016* 1.0% per annum Consumer Services 16.0% 21.3% Malaysia Hong Kong 10.9% 23.2% Performance Fee 20.0% of the increase in the NAV per unit over and above the hurdle value Minimum Investment RM30,000 Minimum Subsequent Investment RM10,000 Technology Financials Utilities Consumer Goods Telecommunications 3.1% 1.8% 4.8% 11.0% 10.6% 9.4% 22.0% South Korea China Thailand Indonesia Taiwan Australia Others 10.9% 9.6% 6.3% 5.7% 5.2% 3.5% 2.6% 22.0% 1.0% of the NAV per Unit redeemed within the 6 months from the date of investment. Top 10 Holdings as at 30 April 2016* Equities % Tenaga Nasional Bhd 4.9% Tencent Holdings Ltd 4.8% Income Distribution (2) Incidental Kangwon Land Inc 4.2% Major Cineplex Group PCL 3.4% KEPCO Plant Serv & Engineering 3.4% NAVER Corp 3.2% RM125.5 million Alibaba Group Holding Ltd 3.0% HKBN Ltd 3.0% Mega First Corp Bhd 2.8% RM AIA Group Ltd 2.8% * The data provided above are that of the Fund and are a percentage of NAV as at 30 April 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. 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. **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) 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 March 2016, the Volatility Factor (VF) for this Fund is 8.8 and is classified as High (source: Lipper). High includes Funds with VF that are above but not more than 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. This document is prepared by Affin Hwang Asset Management Bhd ( 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 Information Memorandum dated 22 September 2014 and Supplemental Information Memorandum 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 Information Memorandum 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 Information Memorandum. Investors should also consider the fees and charges involved. A copy of the PHS and the Information Memorandum 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. 35 MAY 2016 I FUNDamentals

36 Affin Hwang Absolute Return Fund III A thematically driven and unconstrained mixed asset fund that seeks to provide total returns through investments globally, across all sectors and asset classes. Fund Category Performance Record as at 30 April 2016* Performance Record 30 April 2016* Mixed Assets 1 Month 1 Year 3 Year Inception Fund Type 114 Fund N/A 5.3 Growth N/A 11.3 Absolute return of 8% per annum Year 3 Year 5 Year Inception November 2014 / RM0.50 Fund 1.1 N/A N/A AHARFIII 8.0 N/A N/A N/A 92 Dec 14 Feb 15 Apr 15 Jul 15 Sep 15 Nov 15 Feb 16 Apr 16 Calendar Year Year To Financial Year End 30 June December 2014 to April 2016 NAV-NAV prices and assuming reinvestment of Fund 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 Max 2.0% of the NAV per Unit Sector Allocation as at 30 April 2016* Country Allocation as at 30 April 2016* Subscription Cash 21.8% Malaysia 35.2% 1.5% per annum Performance Fee 20.0% of the increase in the NAV per unit over and above the hurdle value Minimum Investment RM30,000 Minimum Subsequent Investment RM10, % of the NAV per Unit redeemed within the 6 months from the date of investment. 108 Financials Technology Consumer Services Utilities Telecommunications Oil & Gas Consumer Goods 25.7% Top 10 Holdings as at 30 April 2016* Equities % Tencent Holdings Ltd 4.8% Jaks Resources Bhd 4.2% Alibaba Group Holding Ltd 3.6% Prestariang Berhad 3.1% Income Distribution (2) Incidental NAVER Corp 2.9% Ekovest Bhd 2.6% Tenaga Nasional Bhd 2.5% CT Environment Group Ltd 2.5% RM48.9 million CP ALL PCL 2.5% Allianz Malaysia Berhad 2.5% RM % 1.5% 0.7% 4.7% 9.1% 12.5% 18.3% China Indonesia South Korea Hong Kong Thailand Singapore 4.6% 3.9% 2.8% 5.1% 12.5% 10.2% 25.7% * The data provided above are that of the Fund and are a percentage of NAV as at 30 April 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. 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 July to 30 June 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. This document is prepared by Affin Hwang Asset Management Bhd (formerly known as Hwang Investment Management Bhd) ( 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 Information Memorandum (IM) dated 18 November 2014 and Supplemental 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 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. 36 MAY 2016 I FUNDamentals

37 Index Performance (%) Index Performance (%) Affin Hwang Fixed Maturity Income Fund VII A 3-year closed-ended bond fund that aims to provide investors with a steady annual income stream. Bond (closed-ended) Fund Type Month 1 Year 3 Year Inception Income Fund N/A N/A Month Maybank Fixed Deposit Rate 115 AHFMIFVII 28 May 2013 / RM Income Distribution History Gross Distribution Yield 12 June (sen) (%) Financial Year End September Jun 13 Feb 14 Nov 14 Jul 15 Apr June 2013 to April 2016 NAV-NAV prices and assuming reinvestment of distributions into the Max 3.0% of the NAV per Unit Fund, gross investment based in RM. The value of units may go down as well as up. Past Distribution Policy : Distribution of income, if any, would be on annual performance is not indicative of future performance. basis Minimum Investment Closed for purchase Top Holdings as at 30 April 2016* Asset Allocation as at 30 April 2016* From the commencement date Issuer Coupon % 1st year 3.0% Prominic Bhd 5.05% % 14.2% 2nd year 2.0% Hong Leong Bank Bhd 4.35% % 3rd year 1.0% At maturity RM141.0 million 85.8% RM1.1 Affin Hwang Fixed Maturity Income Fund VIII A 3-year closed-ended bond fund that aims to provide investors with a steady annual income stream. Bond (closed-ended) Fund Type Month 1 Year 3 Year Inception Income AHFMIFVIII Fund N/A N/A Month Maybank Fixed 115 Deposit Rate 1 October 2013 / RM Income Distribution History Gross Distribution Yield Oct-16 (sen) (%) Financial Year End April Sep 13 Mar 14 Oct 14 Apr 15 Oct 15 Apr September 2013 to April 2016 NAV-NAV prices and assuming reinvestment of distributions Max 3.0% of the NAV per Unit into the Fund, gross investment based in RM. The value of units may go down as well as up. Distribution Policy : Distribution of income, if any, would be on annual Past performance is not indicative of future performance. basis Minimum Investment Closed for purchase Top Holdings as at 30 April 2016* Asset Allocation as at 30 April 2016* From the commencement date 1st year 3.0% Issuer Coupon % 2nd year 2.0% National Australia Bank Ltd 8.00% % 57.7% 3rd year 1.0% Berjaya Land Berhad 7.88% % At maturity Quill Retail Malls Sdn Bhd 4.15% % 42.3% Malayan Banking Bhd 4.10% % Axis Bank Ltd / India 7.25% % RM198.5 million RM * The data provided above is that of the Fund and is a percentage of NAV as at 30 April 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. 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 ( 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 Prospectus for Affin Hwang Fixed Maturity Income Fund VII dated 28 May 2013 and Affin Hwang Fixed Maturity Income Fund VIII dated 1 October 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 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 seek independent advice. 37 MAY 2016 I FUNDamentals

38 Indexed Performance (%) Affin Hwang Fixed Maturity Income Fund IX A 3-year closed-ended bond fund that aims to provide investors with a steady annual income stream. Bond (closed-ended) Fund Type 1 Month 1 Year 3 Year Inception 120 Income Fund N/A AHFMIFIX N/A Month Maybank Fixed Deposit Rate 6 November 2013 / RM Income Distribution History Gross Distribution Yield December 2016 (sen) (%) Financial Year End April Oct 13 May 14 Jan 15 Aug 15 Apr October 2013 to April 2016 NAV-NAV prices and assuming reinvestment of distributions into Max 3.0% of the NAV per Unit the Fund, gross investment based in RM. The value of units may go down as well as up. Past Distribution Policy : Distribution of income, if any, would be on annual performance is not indicative of future performance. basis Minimum Investment Closed for purchase Top Holdings as at 30 April 2016* Asset Allocation as at 30 April 2016* From the commencement date 1st year 3.0% Issuer Coupon % 2nd year 2.0% AmBank Islamic Bhd 4.00% % 58.3% 3rd year 1.0% ICICI Bank Ltd 7.25% % At maturity Majid Al Futtaim Hldg LLC 7.13% % 41.7% National Australia Bank Ltd 8.00% % Greenland Hong Kong Hldgs Ltd 4.75% % RM143.9 million RM Affin Hwang Fixed Maturity Income Fund X A 3-year closed-ended bond fund that aims to provide investors with a steady annual income stream. Bond (closed-ended) Fund Type 1 Month 1 Year 3 Year Inception 120 Income Fund N/A Month Maybank Fixed N/A 7.4 Deposit Rate AHFMIFX 8 January 2014 / RM1.00 Income Distribution History 105 Gross Distribution Yield 24 February 2017 (sen) (%) Financial Year End April Max 3.0% of the NAV per Unit Dec 13 May 14 Sep 14 Feb 15 Jul 15 Nov 15 Apr 16 Distribution Policy : Distribution of income, if any, would be on annual basis December 2013 to April 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 Minimum Investment Closed for purchase performance is not indicative of future performance. Top Holdings as at 30 April 2016* Asset Allocation as at 30 April 2016* From the commencement date 1st year 3.0% Issuer Coupon % 2nd year 2.0% Standard Chartered PLC 6.41% % 66.0% 3rd year 1.0% Malayan Banking Bhd 3.25% % At maturity Far East Horizon Ltd 5.55% % Greenland Hong Kong Hldgs Ltd 4.75% % 34.0% QBE Capital Funding II LP 6.80% % RM207.0 million RM * The data provided above are that of the Fund and are a percentage of NAV as at 30 April 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. 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) ( 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 Prospectus for Affin Hwang Fixed Maturity Income Fund IX dated 6 November 2013 and Affin Hwang Fixed Maturity Income Fund X dated 8 January 2014 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 Funds may not be suitable for all and if in doubt, investors should seek independent advice. 38 MAY 2016 I FUNDamentals

39 Indexed Performance (%) Affin Hwang Fixed Maturity Income Fund XI A 3-year closed-ended bond fund that aims to provide investors with a steady annual income stream. Bond (closed-ended) Fund Type 1 Month 1 Year 3 Year Inception 120 Income Fund N/A Month Maybank Fixed Deposit N/A 6.0 Rate AHFMIFXI 1 July 2014 / RM1.00 Income Distribution History 105 Gross Distribution Yield 4 August 2017 (sen) (%) Financial Year End April 95 Max 3.0% of the NAV per Unit Aug 14 Dec 14 Apr 15 Aug 15 Dec 15 Apr 16 Distribution Policy : Distribution of income, if any, would be on quarterly basis August 2014 to April 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 Minimum Investment Closed for purchase performance is not indicative of future performance. Top Holdings as at 30 April 2016* Asset Allocation as at 30 April 2016* From the commencement date 1st year 3.0% Issuer Coupon % 2nd year 2.0% SMC Global Power Hldgs Corp 7.50% % 96.0% 3rd year 1.0% Krung Thai Bank PLC 5.20% % At maturity Yinson TMC Sdn Bhd 7.00% % Franshion Brilliant Ltd 5.38% % 4.0% Ltd KWG Property Holding 13.25% % RM276.5 million RM Affin Hwang Fixed Maturity Income Fund XII A 3-year closed-ended bond fund that aims to provide investors with a steady annual income stream. Bond (closed-ended) Fund Type Month 1 Year 3 Year Inception Income Fund N/A N/A Month Maybank Fixed Deposit Rate AHFMIFXII 23 October 2014 / RM Income Distribution History Gross Distribution Yield 17 November 2017 (sen) (%) 100 Financial Year End September 95 Nov 14 Mar 15 Jun 15 Sep 15 Dec 15 Apr 16 Max 3.0% of the NAV per Unit Distribution Policy : Distribution of income, if any, would be on annual basis November 2014 to April 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 Minimum Investment Closed for purchase performance is not indicative of future performance. Top Holdings as at 30 April 2016* Asset Allocation as at 30 April 2016* From the commencement date 1st year 3.0% Issuer Coupon % 2nd year 2.0% PTT Exploration & Production 4.88% % 98.6% 3rd year 1.0% Dianjian Haixing Ltd 4.05% % At maturity CLP Power HK Fin Ltd 4.25% % Wells Fargo & Company 7.98% % 1.4% Korean Reinsurance Co 4.50% % RM279.1 million RM * The data provided above are that of the Fund and are a percentage of NAV as at 30 April 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. 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 ( 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 Prospectus for Affin Hwang Fixed Maturity Income Fund XI dated 10 June 2014 and Affin Hwang Fixed Maturity Income Fund XII dated 23 October 2014 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 Funds may not be suitable for all and if in doubt, investors should seek independent advice. 39 MAY 2016 I FUNDamentals

40 Indexed Performance (%) Affin Hwang Fixed Maturity Income Fund XIII A 3-year closed-ended bond fund that aims to provide investors with a steady annual income stream. Bond (closed-ended) Fund Type 1 Month 1 Year 3 Year Inception Income 120 Fund N/A N/A Month Maybank Fixed 115 Deposit Rate AHFMIFXIII 12 January 2015 / RM1.00 Income Distribution History 105 Gross Distribution Yield 16 February (sen) (%) Financial Year End May Feb 15 May 15 Sep 15 Dec 15 Apr 16 Distribution Policy : Distribution of income, if any, would be on quarterly Max 3.0% of the NAV per Unit February 2015 to April 2016 NAV-NAV prices and assuming reinvestment of distributions into basis the Fund, gross investment based in RM. The value of units may go down as well as up. Past Minimum Investment Closed for purchase performance is not indicative of future performance. Top Holdings as at 30 April 2016* Asset Allocation as at 30 April 2016* From the commencement date 1st year 3.0% Issuer Coupon % 2nd year 2.0% Genting Singapore PLC 5.13% % 93.3% 3rd year 1.0% PTT Exploration & Production 4.88% % At maturity Yinson TMC Sdn. Bhd. 7.00% % Sinochem Global Cap Co Ltd 5.00% % 6.7% Petron Corp 7.50% % RM215.9 million RM Affin Hwang Fixed Maturity Income Fund XIV A 3-year closed-ended fixed income fund that aims to provide investors with a steady annual income stream. Bond (closed-ended) Fund Type 1 Month 1 Year 3 Year Inception Income 120 Fund N/A N/A Month Maybank Fixed 115 Deposit Rate AHFMIFXIV 6 April 2015 / RM1.00 Income Distribution History 105 Gross Distribution Yield 20 April (sen) (%) Financial Year End May 95 Apr 15 Oct 15 Apr 16 Distribution Policy : Distribution of income, if any, would be on quarterly Max 3.0% of the NAV per Unit April 2015 to January 2016 NAV-NAV prices and assuming reinvestment of distributions into basis the Fund, gross investment based in RM. The value of units may go down as well as up. Past Minimum Investment Closed for purchase performance is not indicative of future performance. Top Holdings as at 30 April 2016* Asset Allocation as at 30 April 2016* From the commencement date 1st year 3.0% Issuer Coupon % 2nd year 2.0% PTT Exploration & Prod 4.88% % 99.6% 3rd year 1.0% Wells Fargo & Company 7.98% % At maturity HSBC Hldgs PLC 5.63% % 0.4% Yinson TMC Sdn Bhd 7.00% % Standard Chartered PLC 6.50% % RM229.1 million RM * The data provided above are that of the Fund and are a percentage of NAV as at 30 April 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. 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 ( 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 Prospectus for Affin Hwang Fixed Maturity Income Fund XIII dated 12 January 2015 and Affin Hwang Fixed Maturity Income Fund XIV 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 Funds may not be suitable for all and if in doubt, investors should seek independent advice. 40 MAY 2016 I FUNDamentals

41 Affin Hwang Flexible Maturity Income Fund I A 3-year closed-ended fixed income fund that aims to provide investors with a steady annual income stream. Fixed Income (closed-ended) Fund Type 1 Month 1 Year 3 Year Inception Income "Not applicable as the Fund has less than one year track record" 36-Month Maybank Fixed Deposit Rate "Not applicable as the Fund has less than one year track record" 7 September 2015 / RM1.00 Income Distribution History 22 October 2018 Distribution Policy : Distribution of income, if any, would be on annual basis Financial Year End 30 September Max 3.0% of the NAV per Unit Minimum Investment Closed for purchase Top Holdings as at 30 April 2016* Asset Allocation as at 30 April 2016* From the commencement date 1st year 3.0% Issuer Coupon % 2nd year 2.0% Yinson TMC Sdn Bhd 7.00% % 86.5% 3rd year 1.0% PTT Exploration & Prod 4.88% % At maturity HSBC Hldgs PLC 5.63% % 13.5% QBE Capital Funding II LP 6.80% % Genting Singapore PLC 5.13% % RM69.5 million RM Affin Hwang Flexible Maturity Income Fund II A 3-year closed-ended fixed income fund that aims to provide investors with a steady annual income stream. Fixed Income (closed-ended) Fund Type 1 Month 1 Year 3 Year Inception Income "Not applicable as the Fund has less than one year track record" 36 Month Maybank Fixed Deposit Rate "Not applicable as the Fund has less than one year track record" 26 October 2015 / RM1.00 Income Distribution History 10 December 2018 Distribution Policy : Distribution of income, if any, would be on annual basis Financial Year End 30 September Max 3.0% of the NAV per Unit Minimum Investment Closed for purchase Top Holdings as at 30 April 2016* Asset Allocation as at 30 April 2016* From the commencement date 1st year 3.0% Issuer Coupon % 2nd year 2.0% Genting Singapore PLC 5.13% % 87.6% 3rd year 1.0% Hutchison Whampoa Europe 3.75% % At maturity Citic Pacific Ltd 8.63% % Majid Al Futtaim Hldgs LLC 7.13% % 12.4% QBE Capital Funding II LP 6.80% % RM40.3 million RM * The data provided above are that of the Fund and are a percentage of NAV as at 30 April 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 ( 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 Prospectus for Affin Hwang Flexible Maturity Income Fund I dated 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 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 Funds may not be suitable for all and if in doubt, investors should seek independent advice. 41 MAY 2016 I FUNDamentals

42 Affin Hwang Flexible Maturity Income Fund V A 3-year closed-ended fixed income fund that aims to provide investors with a steady annual income stream. Bond (closed-ended) Fund Type 1 Month 1 Year 3 Year Inception Income "Not applicable as the Fund has less than one year track record" 36-Month Maybank Fixed Deposit Rate "Not applicable as the Fund has less than one year track record" 4 April 2015 / RM1.00 Income Distribution History 28 April 2018 Distribution Policy : Distribution of income, if any, would be on annual basis Financial Year End 31 May Max 3.0% of the NAV per Unit Minimum Investment Closed for purchase Top Holdings as at 30 April 2016* Asset Allocation as at 30 April 2016* From the commencement date 1st year 3.0% Issuer Coupon % 2nd year 2.0% Genting Singapore PLC 5.13% % 13.1% 3rd year 1.0% Yinson TMC Sdn Bhd 7.00% % At maturity 86.9% RM126.0 million RM Affin Hwang Structured Income Fund VIII A 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. Fund Category Performance Record as at 31 March 2016* Performance Table as at 31 March 2016* Structured Product (closed-ended) Fund Type 1 Month 1 Year 3 Year Inception Income 115 Fund N/A 16.9 STRIF VIIII 12-Month Maybank Fixed Deposit N/A 9.1 Rate August 2013 / RM Income Distribution History Gross Distribution Yield 20 September 2016 or earlier if an 95 (sen) (%) Early Call Event is triggered or occurrence of a Default Event Sep 13 Jul 14 May 15 Apr 16 Financial Year End October September 2013 to January 1900 NAV-NAV prices and assuming reinvestment of distributions into the Fund, gross investment based in RM. The value of units may go down Distribution Policy : Distribution of income, if any, would be on quarterly Max 3.0% of the NAV per Unit as well as up. Past performance is not indicative of future performance. basis Minimum Investment Composition of Underlying Credit Basket Asset Allocation as at 31 March 2016* Closed for purchase 5.0% from the commencement date up to the day before the. Not applicable on. RM339.1 million RM Petroleo Brasileiro SA 2. HSBC Bank Plc 3. Temasek Holdings Pte Ltd 4. Crown Ltd 5. Volkswagen Aktiengesellschaft 6. PCCW-HKT Telephone Ltd 7. Reliance Industries Ltd 8. Bank of America Corporation 9. Republic of Indonesia 10. Alliance SE Cimb Structured Product 0.1% 99.9% * The data provided above are that of the Fund and are a percentage of NAV as at 30 April 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 ( 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 Prospectus for Affin Hwang Flexible Maturity Income Fund V dated 6 April 2015 and the replacement Information Memorandum (IM) for Affin Hwang Structured Income Fund 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 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, replacement IM and Prospectus. Investors should also consider the fees and charges involved. A copy of the PHS, replacement IM 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. 42 MAY 2016 I FUNDamentals

43 Fund Risk Classification FUNDS SCORE RISK CATEGORY GROUP Affin Hwang Aiiman Cash Fund I Affin Hwang Aiiman Money Market Fund Affin Hwang Enhanced Deposit Fund 0-5 Very Low G1 Affin Hwang Select Cash Fund Affin Hwang Aiiman Global Sukuk Fund Affin Hwang Aiiman Income Plus Fund Affin Hwang Bond Fund 6-11 Low G2 Affin Hwang PRS Conservative Fund Affin Hwang Select Bond 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 Moderate G3 Affin Hwang Select AUD Income Fund Affin Hwang Select Balanced 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 High G4 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 Select Opportunity Fund Affin Hwang Tactical Fund Affin Hwang Absolute Return Fund II Affin Hwang Absolute Return Fund III Affin Hwang ASEAN Flexi Fund Affin Hwang China Growth Fund Very High G5 Affin Hwang European Unconstrained Fund Affin Hwang Japan Growth Fund Affin Hwang Select Asia (ex Japan) Quantum Fund Note: Investors are advised to take the Suitability Assessment Test before investing to determine your risk profile. 43 Asset Management

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