A-MYR (RETAIL) Growth Fund Smart Investment Choice for Constant Capital Growth Fund Factsheet 28 February 2017

Transcription

1 Fund Factsheet 28 February 2017 A-MYR (RETAIL) The fund's objective is to provide investors with capital growth through investments into securities that are trading at a discount to their intrinsic values, while minimising the risk in the *medium to **long-term. The fund is suitable for investors who are willing to accept risk for returns presented by the equity and bond markets, want to capitalise on the value investment approach when investing in equity and bond markets and have a **long term investment horizon. FUND DETAILS AS AT 28 FEBRUARY 2017 Fund Inception : 7 January 2003 Financial Year : 31 August Unit In Circulation : 1, Million Unit NAV : RM Fund Category : Equity Fund Sales Charge : Up to 6.50% of NAV per unit (not inclusive of GST) Annual Management Fee : 1.50% of NAV Benchmark : FBM KLCI Asset Allocation : 70% - 98% in equities : 2% - 30% in cash or bonds (or a combination of both) INVESTMENT COMMITTEE MEMBERS Tan Sri Abdul Wahid bin Omar (Chairman) Dato' Abdul Rahman bin Ahmad Dato' Noorizah binti Hj Abd Hamid Puan Norlin binti Samad 3 Years Growth Total Return from 28 February 2014 to 28 February 2017 PERFORMANCE RECORD Asset Allocation as at 28 February 2017" 16% 84% Equities Cash & cash equivalent Source : Lipper(G) - Equity Malaysia. Cumulative Total Return Asset Allocation as at 28 February 2017" Fund (%) Rank % of YTD (1 January February 2017) 3.35 Equities portfolio 1 - Month (31 January February 2017) 1.71 Construction Month (31 August February 2017) 1.04 Consumer Year (29 February February 2017) / 58 Finance Year (28 February February 2017) / 55 Industrial Product Year (29 February February 2017) / 54 Plantations Year (28 February February 2017) / 40 Properties 2.23 Source : Lipper(G) - Equity Malaysia. REITS 1.92 Technology 2.30 Trading & Services High/Low Unit NAV (RM) TOTAL High Low 6 - Month (31 August February 2017) Year (29 February February 2017) Year (28 February February 2017) Top 10 Largest Holdings in Equity" 5 - Year (29 February February 2017) ) MALAYAN BANKING BERHAD 10 - Year (28 February February 2017) ) TENAGA NASIONAL BERHAD Price as at 28 February 2017 RM ) CIMB GROUP HOLDINGS BERHAD 4) SIME DARBY BERHAD 5) PUBLIC BANK BERHAD Income Distribution 6) PETRONAS CHEMICALS GROUP BERHAD Net (sen per unit) Yield (%) 7) BURSA MALAYSIA BERHAD ) AMMB HOLDINGS BERHAD 2014 Unit Split 1:6 9) CAHYA MATA SARAWAK BERHAD ) OLDTOWN BERHAD Source : Lipper for Investment Management " Asset Allocation & Top 10 Largest Holding shown are inclusive of all classes Based on the fund's portfolio returns as at 15 February 2017, the Volatility Factor (VF) for this fund is 7.7 and its Volatility Class (VC) is classified as "Moderate" (source: Lipper). "Moderate" includes funds with VF that are between 6.0 to 8.0 (source: Lipper). The VF means there is a possibility for the fund in generating an upside return or downside return around this VF. The VC is assigned by Lipper based on quintile ranks of VF for qualified funds. VF is subject to monthly revision and VC will be revised every six months. The fund's portfolio may have changed and there is no guarantee 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. Investors are advised to read and understand the contents of the Master Prospectus for Conventional Funds dated 17 September 2016, and the Product Highlight Sheet (PHS) before investing. The Prospectus has been registered and lodged with the Securities Commission Malaysia. Among others, investor should consider the fees and charges involved. The price of units and distributions payable, if any, may go down as well as up. Past performances of the fund should not be taken as indicative of its future performance. Where a distribution is declared, investors are advised that following the distribution, the NAV per unit will be reduced from pre-unit NAV /cum-distribution NAV to post-unit split NAV/ex-distribution NAV.In the case of the unit split, the value of the investment in Malaysia ringgit will remain unchanged after the distribution of the additional units. Investments in the fund is exposed to equity specific risk, credit and default risk, interest rate risk, currency risk and country risk. Units will only be issued on receipt of an application form referred to and accompanying the Prospectus which can be obtained at Amanah Mutual Berhad and any distribution channels as mentioned in the Prospectus. Page 1 of 2

2 Fund Review as at 28 February 2017 A-MYR (RETAIL) The fund's objective is to provide investors with capital growth through investments into securities that are trading at a discount to their intrinsic values, while minimising the risk in the *medium to **long-term. The fund is suitable for investors who are willing to accept risk for returns presented by the equity and bond markets, want to capitalise on the value investment approach when investing in equity and bond markets and have a **long term investment horizon. RATING 3- Year 5-Year Lipper Total Return 2 3 Lipper Consistent Return 2 3 Lipper Preservation Return 3 4 Market Review REVIEW For the month, the FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) closed 1.3% higher at 1,694 points. The broader market outperformed with FTSE Bursa Malaysia EMAS Index (FBM Emas Index) posting a larger gain of 1.8% to close at 11,950 points while the FTSE Bursa Malaysia Small Cap Index (FBM Small Cap Index) increased 2.2% to end at 15,764 points. Among regional bourses, Taiwan and China were the outperformers while Thailand and Philippines were laggards. The month of February was a good one for Malaysian equities as cooling tensions between United States (US) and China, signalled by President Donald J. Trump s (President Trump) backing of the One China policy and better Chinese economic data fuelled investor optimism. Brent crude oil futures held steady for the month at US$56/barrel while spot crude palm oil (CPO) fell 10.0% to RM2,946/ton. Meanwhile, the Ringgit weakened marginally by 0.3% against the US Dollar for the month. On the local corporate front, Prime Minister Najib Razak has announced that Saudi Arabia s state oil company Aramco is investing US$7 billion into Petronas Refinery and Petrochemical Integrated Project (RAPID). Meanwhile, it has been reported that French PSA Group is likely to be chosen as the foreign strategic partner for DRB-Hicom s Proton as it presented the best proposal among contenders to rescue and expand the unit s operations in Association of Southeast Asia Nation (ASEAN). Malaysia s consumer price index (CPI) in January rose 3.2% year on year, its highest level since February The figure was above consensus growth forecast of 2.8%, mainly driven by higher food and housing, utilities and transport costs. The Malaysian government expects inflation to remain between 2% 3% for Manager s Comments For the month, the fund outperformed the benchmark mainly due to stock selection. In terms of attribution analysis, the positive contributors to the fund performance were Oldtown Berhad, Bumi Armada Berhad, and Malayan Banking Berhad. In the near term, we could see some volatility in markets due to a potential rate hike in the US and policy uncertainties from President Trump. We would employ a stockpicking strategy to generate outperformance. With the fund s cash holding, we would be adding on any unjustified price weakness. The focus would be on undervalued companies to ride on selected investment themes including companies that are beneficiaries of higher construction spending, stronger CPO prices, strong consumer franchises, and companies that offer attractive dividend yield. Investors are advised to read and understand the contents of the Master Prospectus for Conventional Funds dated 17 September 2016, and the Product Highlight Sheet (PHS) before investing. The Prospectus has been registered and lodged with the Securities Commission Malaysia. Among others, investor should consider the fees and charges involved. The price of units and distributions payable, if any, may go down as well as up. Past performances of the fund should not be taken as indicative of its future performance. Where a distribution is declared, investors are advised that following the distribution, the NAV per unit will be reduced from pre-unit NAV /cum-distribution NAV to post-unit split NAV/ex-distribution NAV. In the case of the unit split, the value of the investment in Malaysia ringgit will remain unchanged after the distribution of the additional units. Investments in the fund is exposed to equity specific risk, credit and default risk, interest rate risk, currency risk and country risk. Units will only be issued on receipt of an application form referred to and accompanying the Prospectus which can be obtained at Amanah Mutual Berhad and any distribution channels as mentioned in the Prospectus. Page 2 of 2

3 Fund Factsheet 28 February 2017 A-JPY (RETAIL) (***UNHEDGED) The fund's objective is to provide investors with capital growth through investments into securities that are trading at a discount to their intrinsic values, while minimising the risk in the *medium to **longterm. The fund is suitable for investors who are willing to accept risk for returns presented by the equity and bond markets, want to capitalise on the value investment approach when investing in equity and bond markets and have a **long term investment horizon. FUND DETAILS AS AT 28 FEBRUARY 2017 Fund Inception : 10 December 2012 Financial Year : 31 August Unit In Circulation : 200 Unit NAV : JPY 10,397 Fund Category : Equity Fund Sales Charge : Up to 6.50% of NAV per unit (not inclusive of GST) Annual Management Fee : 1.92% of NAV Benchmark : FBM KLCI Asset Allocation : 70% - 98% in equities : 2% - 30% in cash or bonds (or a combination of both) INVESTMENT COMMITTEE MEMBERS Tan Sri Abdul Wahid bin Omar (Chairman) Dato' Abdul Rahman bin Ahmad Dato' Noorizah binti Hj Abd Hamid Puan Norlin binti Samad PERFORMANCE RECORD 3 Years Growth Total Return from 28 February 2014 to 28 February 2017 Asset Allocation as at 28 February 2017" 16% 84% Equities Cash & cash equivalent Source : Lipper(G) - Equity Malaysia. Cumulative Total Return Asset Allocation as at 28 February 2017" Fund (%) Benchmark % of Since Inception (10 December February 2017) Equities portfolio YTD (1 January February 2017) Construction Month (31 January February 2017) Consumer Month (31 August February 2017) Finance Year (29 February February 2017) Industrial Product Year (28 February February 2017) Plantations 8.59 Source : Lipper(G) - Equity Malaysia Properties 2.23 REITS 1.92 Technology 2.30 High/Low Unit NAV (JPY) Trading & Services High Low TOTAL Since Inception (10 December February 2017) 14,626 7, Month (31 August February 2017) 10,487 9, Year (29 February February 2017) 11,402 9,745 Price as at 28 February 2017 JPY 10,397 Top 10 Largest Holdings in Equity" 1) MALAYAN BANKING BERHAD 2) TENAGA NASIONAL BERHAD Exchange Rates JPY 100/ Ringgit -Middle Rate -BNM 3) CIMB GROUP HOLDINGS BERHAD 31-Dec May Oct ) SIME DARBY BERHAD 29-Jan Jun Nov ) PUBLIC BANK BERHAD 29-Feb Jul Dec ) PETRONAS CHEMICALS GROUP BERHAD 31-Mac Aug Jan ) BURSA MALAYSIA BERHAD 29-Apr Sep Feb ) AMMB HOLDINGS BERHAD Source: 9) CAHYA MATA SARAWAK BERHAD 10) OLDTOWN BERHAD " Asset Allocation & Top 10 Largest Holding shown are inclusive of all classes *** Exhange rate between RM & JPY are not hedged therefore movement of exchange rate will be reflected in the performance of the fund Based on the fund's portfolio returns as at 15 February 2017, the Volatility Factor (VF) for this fund is 14.7 and its Volatility Class (VC) is classified as "Very High" (source: Lipper). "Very High" includes funds with VF that are more than 10.6 (source: Lipper). The VF means there is a possibility for the fund in generating an upside return or downside return around this VF. The VC is assigned by Lipper based on quintile ranks of VF for qualified funds. VF is subject to monthly revision and VC will be revised every six months. The fund's portfolio may have changed and there is no guarantee 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. Investors are advised to read and understand the contents of the Master Prospectus for Conventional Funds dated 17 September 2016, and the Product Highlight Sheet (PHS) before investing. The Prospectus has been registered and lodged with the Securities Commission Malaysia. Among others, investor should consider the fees and charges involved. The price of units and distributions payable, if any, may go down as well as up. Past performances of the fund should not be taken as indicative of its future performance. Where a distribution is declared, investors are advised that following the distribution, the NAV per unit will be reduced from cum-distribution NAV to ex-distribution NAV. Investments in the fund is exposed to equity specific risk, credit and default risk, interest rate risk, currency risk and country risk. Units will only be issued on receipt of an application form referred to and accompanying the Prospectus which can be obtained at Amanah Mutual Berhad andanydistribution channels asmentioned in the Prospectus. Page 1 of 2

4 Fund Review as at 28 February 2017 A-JPY (RETAIL) The fund's objective is to provide investors with capital growth through investments into securities that are trading at a discount to their intrinsic values, while minimising the risk in the *medium to **long-term. The fund is suitable for investors who are willing to accept risk for returns presented by the equity and bond markets, want to capitalise on the value investment approach when investing in equity and bond markets and have a **long term investment horizon. 3- Year Lipper Total Return 2 Lipper Consistent Return 2 Lipper Preservation Return 1 RATING Market Review REVIEW For the month, the FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) closed 1.3% higher at 1,694 points. The broader market outperformed with FTSE Bursa Malaysia EMAS Index (FBM Emas Index) posting a larger gain of 1.8% to close at 11,950 points while the FTSE Bursa Malaysia Small Cap Index (FBM Small Cap Index) increased 2.2% to end at 15,764 points. Among regional bourses, Taiwan and China were the outperformers while Thailand and Philippines were laggards. The month of February was a good one for Malaysian equities as cooling tensions between United States (US) and China, signalled by President Donald J. Trump s (President Trump) backing of the One China policy and better Chinese economic data fuelled investor optimism. Brent crude oil futures held steady for the month at US$56/barrel while spot crude palm oil (CPO) fell 10.0% to RM2,946/ton. Meanwhile, the Ringgit weakened marginally by 0.3% against the US Dollar for the month. On the local corporate front, Prime Minister Najib Razak has announced that Saudi Arabia s state oil company Aramco is investing US$7 billion into Petronas Refinery and Petrochemical Integrated Project (RAPID). Meanwhile, it has been reported that French PSA Group is likely to be chosen as the foreign strategic partner for DRB-Hicom s Proton as it presented the best proposal among contenders to rescue and expand the unit s operations in Association of Southeast Asia Nation (ASEAN). Malaysia s consumer price index (CPI) in January rose 3.2% year on year, its highest level since February The figure was above consensus growth forecast of 2.8%, mainly driven by higher food and housing, utilities and transport costs. The Malaysian government expects inflation to remain between 2% 3% for Manager s Comments For the month, the fund outperformed the benchmark mainly due to stock selection. In terms of attribution analysis, the positive contributors to the fund performance were Oldtown Berhad, Bumi Armada Berhad, and Malayan Banking Berhad. In the near term, we could see some volatility in markets due to a potential rate hike in the US and policy uncertainties from President Trump. We would employ a stockpicking strategy to generate outperformance. With the fund s cash holding, we would be adding on any unjustified price weakness. The focus would be on undervalued companies to ride on selected investment themes including companies that are beneficiaries of higher construction spending, stronger CPO prices, strong consumer franchises, and companies that offer attractive dividend yield. Investors are advised to read and understand the contents of the Master Prospectus for Conventional Funds dated 17 September 2016, and the Product Highlight Sheet (PHS) before investing. The Prospectus has been registered and lodged with the Securities Commission Malaysia. Among others, investor should consider the fees and charges involved. The price of units and distributions payable, if any, may go down as well as up. Past performances of the fund should not be taken as indicative of its future performance. Where a distribution is declared, investors are advised that following the distribution, the NAV per unit will be reduced from cum-distribution NAV to ex-distribution NAV. Investments in the fund is exposed to equity specific risk, credit and default risk, interest rate risk, currency risk and country risk. Units will only be issued on receipt of an application form referred to and accompanying the Prospectus which can be obtained at Amanah Mutual Berhad and any distribution channels as mentioned in the Prospectus. Page 2 of 2

5 Fund Factsheet 28 February 2017 B-JPY (RETAIL) (***UNHEDGED) The fund's objective is to provide investors with capital growth through investments into securities that are trading at a discount to their intrinsic values, while minimising the risk in the *medium to **long-term. The fund is suitable for investors who are willing to accept risk for returns presented by the equity and bond markets, want to capitalise on the value investment approach when investing in equity and bond markets and have a **long term investment horizon. FUND DETAILS AS AT 28 FEBRUARY 2017 Fund Inception : 4 October 2013 Financial Year : 31 August Unit In Circulation : 1,060 Unit NAV : JPY 8,486 Fund Category : Equity Fund Sales Charge : Up to 6.50% of NAV per unit (not inclusive of GST) Annual Management Fee : 1.92% of NAV Benchmark : FBM KLCI Asset Allocation : 70% - 98% in equities : 2% - 30% in cash or bonds (or a combination of both) INVESTMENT COMMITTEE MEMBERS Tan Sri Abdul Wahid bin Omar (Chairman) Dato' Abdul Rahman bin Ahmad Dato' Noorizah binti Hj Abd Hamid Puan Norlin binti Samad 3 Years Growth Total Return from 28 February 2014 to 28 February 2017 PERFORMANCE RECORD Asset Allocation as at 28 February 2017" 16% 84% Equities Cash & cash equivalent Source : Lipper(G) - Equity Malaysia. Cumulative Total Return Asset Allocation as at 28 February 2017" Fund (%) Benchmark % of Since Inception (4 October February 2017) Equities portfolio YTD (1 January February 2017) Construction Month (31 January February 2017) Consumer Month (31 August February 2017) Finance Year (29 February February 2017) Industrial Product Year (28 February February 2017) Plantations 8.59 Source : Lipper(G) - Equity Malaysia Properties 2.23 REITS 1.92 Technology 2.30 Trading & Services High/Low Unit NAV (JPY) TOTAL High Low Since Inception (4 October February 2017) 11,944 7, Month (31 August February 2017) 8,559 8, Year (29 February February 2017) 9,301 7,950 Top 10 Largest Holdings in Equity" Price as at 28 February 2017 JPY 8,486 1) MALAYAN BANKING BERHAD 2) TENAGA NASIONAL BERHAD 3) CIMB GROUP HOLDINGS BERHAD 4) SIME DARBY BERHAD Exchange Rates JPY 100/Ringgit-Middle Rate -BNM 5) PUBLIC BANK BERHAD 31-Mac Jul Nov ) PETRONAS CHEMICALS GROUP BERHAD 29-Apr Aug Dec ) BURSA MALAYSIA BERHAD 31-May Sep Jan ) AMMB HOLDINGS BERHAD 30-Jun Oct Feb ) CAHYA MATA SARAWAK BERHAD Source: 10) OLDTOWN BERHAD ***Exhange rate between RM & JPY are not hedged therefore movement of exchange rate will be reflected in the performance of the fund " Asset Allocation & Top 10 Largest Holding shown are inclusive of all classes Based on the fund's portfolio returns as at 15 February 2017, the Volatility Factor (VF) for this fund is 14.8 and its Volatility Class (VC) is classified as "Very High" (source: Lipper). "Very High" includes funds with VF that are more than 10.6 (source: Lipper). The VF means there is a possibility for the fund in generating an upside return or downside return around this VF. The VC is assigned by Lipper based on quintile ranks of VF for qualified funds. VF is subject to monthly revision and VC will be revised every six months. The fund's portfolio may have changed and there is no guarantee 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. Investors are advised to read and understand the contents of the Master Prospectus for Conventional Funds dated 17 September 2016, and the Product Highlight Sheet (PHS) before investing. The Prospectus has been registered and lodged with the Securities Commission Malaysia. Among others, investor should consider the fees and charges involved. The price of units and distributions payable, if any, may go down as well as up. Past performances of the fund should not be taken as indicative of its future performance. Where a distribution is declared, investors are advised that following the distribution, the NAV per unit will be reduced from cum-distribution NAV to ex-distribution NAV. Investments in the fund is exposed to equity specific risk, credit and default risk, interest rate risk, currency risk and country risk. Units will only be issued on receipt of an application form referred to and accompanying the Prospectus which can be obtained at Amanah Mutual Berhad and any distribution channels as mentioned in the Prospectus. Page 1 of 2

6 Fund Review as at 28 February 2017 B-JPY (RETAIL) The fund's objective is to provide investors with capital growth through investments into securities that are trading at a discount to their intrinsic values, while minimising the risk in the *medium to **long-term. The fund is suitable for investors who are willing to accept risk for returns presented by the equity and bond markets, want to capitalise on the value investment approach when investing in equity and bond markets and have a *long term investment horizon. RATING 3- Year Lipper Total Return 2 Lipper Consistent Return 3 Lipper Preservation Return 1 Market Review REVIEW For the month, the FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) closed 1.3% higher at 1,694 points. The broader market outperformed with FTSE Bursa Malaysia EMAS Index (FBM Emas Index) posting a larger gain of 1.8% to close at 11,950 points while the FTSE Bursa Malaysia Small Cap Index (FBM Small Cap Index) increased 2.2% to end at 15,764 points. Among regional bourses, Taiwan and China were the outperformers while Thailand and Philippines were laggards. The month of February was a good one for Malaysian equities as cooling tensions between United States (US) and China, signalled by President Donald J. Trump s (President Trump) backing of the One China policy and better Chinese economic data fuelled investor optimism. Brent crude oil futures held steady for the month at US$56/barrel while spot crude palm oil (CPO) fell 10.0% to RM2,946/ton. Meanwhile, the Ringgit weakened marginally by 0.3% against the US Dollar for the month. On the local corporate front, Prime Minister Najib Razak has announced that Saudi Arabia s state oil company Aramco is investing US$7 billion into Petronas Refinery and Petrochemical Integrated Project (RAPID). Meanwhile, it has been reported that French PSA Group is likely to be chosen as the foreign strategic partner for DRB-Hicom s Proton as it presented the best proposal among contenders to rescue and expand the unit s operations in Association of Southeast Asia Nation (ASEAN). Malaysia s consumer price index (CPI) in January rose 3.2% year on year, its highest level since February The figure was above consensus growth forecast of 2.8%, mainly driven by higher food and housing, utilities and transport costs. The Malaysian government expects inflation to remain between 2% 3% for Manager s Comments For the month, the fund outperformed the benchmark mainly due to stock selection. In terms of attribution analysis, the positive contributors to the fund performance were Oldtown Berhad, Bumi Armada Berhad, and Malayan Banking Berhad. In the near term, we could see some volatility in markets due to a potential rate hike in the US and policy uncertainties from President Trump. We would employ a stockpicking strategy to generate outperformance. With the fund s cash holding, we would be adding on any unjustified price weakness. The focus would be on undervalued companies to ride on selected investment themes including companies that are beneficiaries of higher construction spending, stronger CPO prices, strong consumer franchises, and companies that offer attractive dividend yield. Investors are advised to read and understand the contents of the Master Prospectus for Conventional Funds dated 17 September 2016, and the Product Highlight Sheet (PHS) before investing. The Prospectus has been registered and lodged with the Securities Commission Malaysia. Among others, investor should consider the fees and charges involved. The price of units and distributions payable, if any, may go down as well as up. Past performances of the fund should not be taken as indicative of its future performance. Where a distribution is declared, investors are advised that following the distribution, the NAV per unit will be reduced from cumdistribution NAV to ex-distribution NAV. Investments in the fund is exposed to equity specific risk, credit and default risk, interest rate risk, currency risk and country risk. Units will only beissued on receipt ofan application form referred to and accompanying the Prospectus which can beobtained at Amanah Mutual Berhad and any distribution channels as mentioned in the Prospectus. Page 2 of 2

7 Fund Factsheet 28 February 2017 B-SGD (RETAIL) (***UNHEDGED) The fund's objective is to provide investors with capital growth through investments into securities that are trading at a discount to their intrinsic values, while minimising the risk in the *medium to **long-term. The fund is suitable for investors who are willing to accept risk for returns presented by the equity and bond markets, want to capitalise on the value investment approach when investing in equity and bond markets and have a **long term investment horizon. FUND DETAILS AS AT 28 FEBRUARY 2017 Fund Inception : 31 January 2013 Financial Year : 31 August Unit In Circulation : 50,000 Unit NAV : SGD Fund Category : Equity Fund Sales Charge : Up to 6.50% of NAV per unit (not inclusive of GST) Annual Management Fee : 1.50% of NAV Benchmark : FBM KLCI Asset Allocation : 70% - 98% in equities : 2% - 30% in cash or bonds (or a combination of both) INVESTMENT COMMITTEE MEMBERS Tan Sri Abdul Wahid bin Omar (Chairman) Dato' Abdul Rahman bin Ahmad Dato' Noorizah binti Hj Abd Hamid Puan Norlin binti Samad PERFORMANCE RECORD 3 Years Growth Total Return from 28 February 2014 to 28 February 2017 Asset Allocation as at 28 February 2017" 16% 84% Equities Cash & cash equivalent Source : Lipper(G) - Equity Malaysia. Cumulative Total Return Asset Allocation as at 28 February 2017" Fund (%) Benchmark % of Since Inception (31 January February 2017) Equities portfolio YTD (1 January February 2017) Construction Month (31 January February 2017) Consumer Month (31 August February 2017) Finance Year (29 February February 2017) Industrial Product Year (28 February February 2017) Plantations 8.59 Source : Lipper(G) - Equity Malaysia Properties 2.23 REITS 1.92 Technology 2.30 Trading & Services High/Low Unit NAV (SGD) TOTAL High Low Since Inception (31 January February 2017) Month (31 August February 2017) Year (29 February February 2017) Price as at 28 February 2017 SGD Top 10 Largest Holdings in Equity" 1) MALAYAN BANKING BERHAD 2) TENAGA NASIONAL BERHAD 3) CIMB GROUP HOLDINGS BERHAD Exchange Rates SGD/Ringgit -Middle Rate -BNM 4) SIME DARBY BERHAD 31-Mac Jul Nov ) PUBLIC BANK BERHAD 29-Apr Aug Dec ) PETRONAS CHEMICALS GROUP BERHAD 31-May Sep Jan ) BURSA MALAYSIA BERHAD 30-Jun Oct Feb ) AMMB HOLDINGS BERHAD Source: 9) CAHYA MATA SARAWAK BERHAD 10) OLDTOWN BERHAD " Asset Allocation & Top 10 Largest Holding shown are inclusive of all classes *** Exhange rate between RM & SGD are not hedged therefore movement of exchange rate will be reflected in the performance of the fund Based on the fund's portfolio returns as at 15 February 2017, the Volatility Factor (VF) for this fund is 13.3 and its Volatility Class (VC) is classified as "Very High" (source: Lipper). "Very High" includes funds with VF that are more than 10.6 (source: Lipper). The VFmeans there is a possibility for the fund in generating an upside return or downside return around this VF. The VC is assigned by Lipper based on quintile ranks of VFfor qualified funds. VF is subject to monthly revision and VC will be revised every six months. The fund's portfolio may have changed and there is no guarantee 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. Investors are advised to read and understand the contents of the Master Prospectus for Conventional Funds dated 17 September 2016, and the Product Highlight Sheet (PHS) before investing. The Prospectus has been registered and lodged with the Securities Commission Malaysia. Among others, investor should consider the fees and charges involved. The price of units and distributions payable, if any, may go down as well as up. Past performances of the fund should not be taken as indicative of its future performance. Where a distribution is declared, investors are advised that following the distribution, the NAV per unit will be reduced from cum-distribution NAV to ex-distribution NAV. Investments in the fund is exposed to equity specific risk, credit and default risk, interest rate risk, currency risk and country risk. Units will only be issued on receipt of an application form referred to and accompanying the Prospectus which can be obtained at Amanah Mutual Berhad and any distribution channels as mentioned in the Prospectus. Page 1 of 2

8 Fund Review as at 28 February 2017 B-SGD (RETAIL) The fund's objective is to provide investors with capital growth through investments into securities that are trading at a discount to their intrinsic values, while minimising the risk in the *medium to **long-term. The fund is suitable for investors who are willing to accept risk for returns presented by the equity and bond markets, want to capitalise on the value investment approach when investing in equity and bond markets and have a **long term investment horizon. 3- Year Lipper Total Return 3 Lipper Consistent Return 3 Lipper Preservation Return 3 RATING Market Review REVIEW For the month, the FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) closed 1.3% higher at 1,694 points. The broader market outperformed with FTSE Bursa Malaysia EMAS Index (FBM Emas Index) posting a larger gain of 1.8% to close at 11,950 points while the FTSE Bursa Malaysia Small Cap Index (FBM Small Cap Index) increased 2.2% to end at 15,764 points. Among regional bourses, Taiwan and China were the outperformers while Thailand and Philippines were laggards. The month of February was a good one for Malaysian equities as cooling tensions between United States (US) and China, signalled by President Donald J. Trump s (President Trump) backing of the One China policy and better Chinese economic data fuelled investor optimism. Brent crude oil futures held steady for the month at US$56/barrel while spot crude palm oil (CPO) fell 10.0% to RM2,946/ton. Meanwhile, the Ringgit weakened marginally by 0.3% against the US Dollar for the month. On the local corporate front, Prime Minister Najib Razak has announced that Saudi Arabia s state oil company Aramco is investing US$7 billion into Petronas Refinery and Petrochemical Integrated Project (RAPID). Meanwhile, it has been reported that French PSA Group is likely to be chosen as the foreign strategic partner for DRB-Hicom s Proton as it presented the best proposal among contenders to rescue and expand the unit s operations in Association of Southeast Asia Nation (ASEAN). Malaysia s consumer price index (CPI) in January rose 3.2% year on year, its highest level since February The figure was above consensus growth forecast of 2.8%, mainly driven by higher food and housing, utilities and transport costs. The Malaysian government expects inflation to remain between 2% 3% for Manager s Comments For the month, the fund outperformed the benchmark mainly due to stock selection. In terms of attribution analysis, the positive contributors to the fund performance were Oldtown Berhad, Bumi Armada Berhad, and Malayan Banking Berhad. In the near term, we could see some volatility in markets due to a potential rate hike in the US and policy uncertainties from President Trump. We would employ a stockpicking strategy to generate outperformance. With the fund s cash holding, we would be adding on any unjustified price weakness. The focus would be on undervalued companies to ride on selected investment themes including companies that are beneficiaries of higher construction spending, stronger CPO prices, strong consumer franchises, and companies that offer attractive dividend yield. Investors are advised to read and understand the contents of the Master Prospectus for Conventional Funds dated 17 September 2016, and the Product Highlight Sheet (PHS) before investing. The Prospectus has been registered and lodged with the Securities Commission Malaysia. Among others, investor should consider the fees and charges involved. The price of units and distributions payable, if any, may go down as well as up. Past performances of the fund should not be taken as indicative of its future performance. Where a distribution is declared, investors are advised that following the distribution, the NAV per unit will be reduced from cum-distribution NAV to exdistribution NAV. Investments in the fund is exposed to equity specific risk, credit and default risk, interest rate risk, currency risk and country risk. Units will only be issued on receipt of an application form referred to and accompanying the Prospectus which can be obtained at Amanah Mutual Berhad and any distribution channels as mentioned in the Prospectus. Page 2 of 2

9 Fund Factsheet 28 February 2017 B-USD (RETAIL) (***UNHEDGED) The fund's objective is to provide investors with capital growth through investments into securities that are trading at a discount to their intrinsic values, while minimising the risk in the *medium to **long-term. The fund is suitable for investors who are willing to accept risk for returns presented by the equity and bond markets, want to capitalise on the value investment approach when investing in equity and bond markets and have a **long term investment horizon. FUND DETAILS AS AT 28 FEBRUARY 2017 Fund Inception : 11 September 2013 Financial Year : 31 August Unit In Circulation : 110,000 Unit NAV : USD Fund Category : Equity Fund Sales Charge : Up to 6.50% of NAV per unit (not inclusive of GST) Annual Management Fee : 1.50% of NAV Benchmark : FBM KLCI Asset Allocation : 70% - 98% in equities : 2% - 30% in cash or bonds (or a combination of both) INVESTMENT COMMITTEE MEMBERS Tan Sri Abdul Wahid bin Omar (Chairman) Dato' Abdul Rahman bin Ahmad Dato' Noorizah binti Hj Abd Hamid Puan Norlin binti Samad 3 Years Growth Total Return from 28 February 2014 to 28 February 2017 PERFORMANCE RECORD Asset Allocation as at 28 February 2017" 16% 84% Equities Cash & cash equivalent Source : Lipper(G) - Equity Malaysia. Cumulative Total Return Asset Allocation as at 28 February 2017" Fund (%) Benchmark % of Since Inception (11 Sept February 2017) Equities portfolio YTD (1 January February 2017) Construction Month (31 January February 2017) Consumer Month (31 August February 2017) Finance Year (29 February February 2017) Industrial Product Year (28 February February 2017) Plantations 8.59 Source : Lipper(G) - Equity Malaysia Properties 2.23 REITS 1.92 Technology 2.30 Trading & Services High/Low Unit NAV (USD) TOTAL High Low Since Inception (11 Sept February 2017) Month (31 August February 2017) Year (29 February February 2017) Top 10 Largest Holdings in Equity" 3 - Year (28 February February 2017) ) MALAYAN BANKING BERHAD Price as at 28 February 2017 USD ) TENAGA NASIONAL BERHAD 3) CIMB GROUP HOLDINGS BERHAD 4) SIME DARBY BERHAD 5) PUBLIC BANK BERHAD Exchange Rates USD/Ringgit -Middle Rate -BNM 6) PETRONAS CHEMICALS GROUP BERHAD 31-Dec May Oct ) BURSA MALAYSIA BERHAD 29-Jan Jun Nov ) AMMB HOLDINGS BERHAD 29-Feb Jul Dec ) CAHYA MATA SARAWAK BERHAD 31-Mac Aug Jan ) OLDTOWN BERHAD 29-Apr Sep Feb Source: " Asset Allocation & Top 10 Largest Holding shown are inclusive of all classes *** Exhange rate between RM & USD are not hedged therefore movement of exchange rate will be reflected in the performance of the fund Based on the fund's portfolio returns as at 15 February 2017, the Volatility Factor (VF) for this fund is 15.8 and its Volatility Class (VC) is classified as "Very High" (source: Lipper). "Very High" includes funds with VF that are more than 10.6 (source: Lipper). The VF means there is a possibility for the fund in generating an upside return or downside return around this VF. The VC is assigned by Lipper based on quintile ranks of VF for qualified funds. VF is subject to monthly revision and VC will be revised every six months. The fund's portfolio may have changed and there is no guarantee 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. Investors are advised to read and understand the contents of the Master Prospectus for Conventional Funds dated 17 September 2016, and the Product Highlight Sheet (PHS) before investing. The Prospectus has been registered and lodged with the Securities Commission Malaysia. Among others, investor should consider the fees and charges involved. The price of units and distributions payable, if any, may go down as well as up. Past performances of the fund should not be taken as indicative of its future performance. Where a distribution is declared, investors are advised that following the distribution, the NAV per unit will be reduced from cum-distribution NAV to ex-distribution NAV. Investments in the fund is exposed to equity specific risk, credit and default risk, interest rate risk, currency risk and country risk. Units will only be issued on receipt of an application form referred to and accompanying the Prospectus which can be obtained at Amanah Mutual Berhad and any distribution channels as mentioned in the Prospectus. Page 1 of 2

10 Fund Review as at 28 February 2017 B-USD (RETAIL) The fund's objective is to provide investors with capital growth through investments into securities that are trading at a discount to their intrinsic values, while minimising the risk in the *medium to **long-term. 3- Year Lipper Total Return 3 Lipper Consistent Return 3 Lipper Preservation Return 3 The fund is suitable for investors who are willing to accept risk for returns presented by the equity and bond markets, want to capitalise on the value investment approach when investing in equity and bond markets and have a **long term investment horizon. RATING Market Review REVIEW For the month, the FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) closed 1.3% higher at 1,694 points. The broader market outperformed with FTSE Bursa Malaysia EMAS Index (FBM Emas Index) posting a larger gain of 1.8% to close at 11,950 points while the FTSE Bursa Malaysia Small Cap Index (FBM Small Cap Index) increased 2.2% to end at 15,764 points. Among regional bourses, Taiwan and China were the outperformers while Thailand and Philippines were laggards. The month of February was a good one for Malaysian equities as cooling tensions between United States (US) and China, signalled by President Donald J. Trump s (President Trump) backing of the One China policy and better Chinese economic data fuelled investor optimism. Brent crude oil futures held steady for the month at US$56/barrel while spot crude palm oil (CPO) fell 10.0% to RM2,946/ton. Meanwhile, the Ringgit weakened marginally by 0.3% against the US Dollar for the month. On the local corporate front, Prime Minister Najib Razak has announced that Saudi Arabia s state oil company Aramco is investing US$7 billion into Petronas Refinery and Petrochemical Integrated Project (RAPID). Meanwhile, it has been reported that French PSA Group is likely to be chosen as the foreign strategic partner for DRB-Hicom s Proton as it presented the best proposal among contenders to rescue and expand the unit s operations in Association of Southeast Asia Nation (ASEAN). Malaysia s consumer price index (CPI) in January rose 3.2% year on year, its highest level since February The figure was above consensus growth forecast of 2.8%, mainly driven by higher food and housing, utilities and transport costs. The Malaysian government expects inflation to remain between 2% 3% for Manager s Comments For the month, the fund outperformed the benchmark mainly due to stock selection. In terms of attribution analysis, the positive contributors to the fund performance were Oldtown Berhad, Bumi Armada Berhad, and Malayan Banking Berhad. In the near term, we could see some volatility in markets due to a potential rate hike in the US and policy uncertainties from President Trump. We would employ a stockpicking strategy to generate outperformance. With the fund s cash holding, we would be adding on any unjustified price weakness. The focus would be on undervalued companies to ride on selected investment themes including companies that are beneficiaries of higher construction spending, stronger CPO prices, strong consumer franchises, and companies that offer attractive dividend yield. Investors are advised to read and understand the contents of the Master Prospectus for Conventional Funds dated 17 September 2016, and the Product Highlight Sheet (PHS) before investing. The Prospectus has been registered and lodged with the Securities Commission Malaysia. Among others, investor should consider the fees and charges involved. The price of units and distributions payable, if any, may go down as well as up. Past performances of the fund should not be taken as indicative of its future performance. Where a distribution is declared, investors are advised that following the distribution, the NAV per unit will be reduced from cum-distribution NAV to exdistribution NAV. Investments in the fund is exposed to equity specific risk, credit and default risk, interest rate risk, currency risk and country risk. Units will only be issued on receipt of an application form referred to and accompanying the Prospectus which can be obtained at Amanah Mutual Berhad and any distribution channels as mentioned in the Prospectus. Page 2 of 2

11 Fund Factsheet 28 February 2017 C-MYR (INSTITUTIONAL) Standard Deviation (MYR) 7.54% 30/11/ /02/2017 (Annualized ) - Lipper (***UNHEDGED) The fund's objective is to provide investors with capital growth through investments into securities that are trading at a discount to their intrinsic values, while minimising the risk in the *medium to **long-term. The fund is suitable for investors who are willing to accept risk for returns presented by the equity and bond markets, want to capitalise on the value investment approach when investing in equity and bond markets and have a **long term investment horizon. FUND DETAILS AS AT 28 FEBRUARY 2017 Fund Inception : 11 September 2013 Financial Year : 31 August Unit In Circulation : Million Unit NAV : RM Fund Category : Equity Fund Sales Charge : Up to 6.50% of NAV per unit (not inclusive of GST) Annual Management Fee : 1.30% of NAV Benchmark : FBM KLCI Asset Allocation : 70% - 98% in equities : 2% - 30% in cash or bonds (or a combination of both) INVESTMENT COMMITTEE MEMBERS Tan Sri Abdul Wahid bin Omar (Chairman) Dato' Abdul Rahman bin Ahmad Dato' Noorizah binti Hj Abd Hamid Puan Norlin binti Samad 3 Years Growth Total Return from 28 February 2014 to 28 February 2017 PERFORMANCE RECORD Asset Allocation as at 28 February 2017" 16% 84% Equities Cash & cash equivalent Source : Lipper(G) - Equity Malaysia. Cumulative Total Return Asset Allocation as at 28 February 2017" Fund (%) Benchmark % of Since Inception (11 Sept February 2017) Equities portfolio YTD (1 January February 2017) Construction Month (31 January February 2017) Consumer Month (31 August February 2017) Finance Year (29 February February 2017) Industrial Product Year (28 February February 2017) Plantations 8.59 Source : Lipper(G) - Equity Malaysia Properties 2.23 REITS 1.92 Technology 2.30 Trading & Services High/Low Unit NAV (MYR) TOTAL High Low Since Inception (11 Sept February 2017) Month (31 August February 2017) Year (29 February February 2017) Price as at 28 February 2017 RM Top 10 Largest Holdings in Equity" 1) MALAYAN BANKING BERHAD 2) TENAGA NASIONAL BERHAD 3) CIMB GROUP HOLDINGS BERHAD Income Distribution 4) SIME DARBY BERHAD Net (sen per unit) Yield (%) 5) PUBLIC BANK BERHAD ) PETRONAS CHEMICALS GROUP BERHAD ) BURSA MALAYSIA BERHAD ) AMMB HOLDINGS BERHAD Source : Lipper for Investment Management 9) CAHYA MATA SARAWAK BERHAD 10) OLDTOWN BERHAD " Asset Allocation & Top 10 Largest Holding shown are inclusive of all classes Investors are advised to read and understand the contents of the Master Prospectus for Conventional Funds dated 17 September 2016, and the Product Highlight Sheet (PHS) before investing. The Prospectus has been registered and lodged with the Securities Commission Malaysia. Among others, investor should consider the fees and charges involved. The price of units and distributions payable, if any, may go down as well as up. Past performances of the fund should not be taken as indicative of its future performance. Where a distribution is declared, investors are advised that following the distribution, the NAV per unit will be reduced from cumdistribution NAV to ex-distribution NAV. Investments in the fund is exposed to equity specific risk, credit and default risk, interest rate risk, currency risk and country risk. Units will only be issued on receipt of an application form referred to and accompanying the Prospectus which can be obtained at Amanah Mutual Berhad and any distribution channels as mentioned in the Prospectus. Page 1 of 2

12 Fund Review as at 28 February 2017 C-MYR (INSTITUTIONAL) The fund's objective is to provide investors with capital growth through investments into securities that are trading at a discount to their intrinsic values, while minimising the risk in the *medium to **long-term. The fund is suitable for investors who are willing to accept risk for returns presented by the equity and bond markets, want to capitalise on the value investment approach when investing in equity and bond markets and have a **long term investment horizon. INVESTOR PROFILE 3- Year Lipper Total Return 2 Lipper Consistent Return 3 Lipper Preservation Return 3 Market Review REVIEW For the month, the FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) closed 1.3% higher at 1,694 points. The broader market outperformed with FTSE Bursa Malaysia EMAS Index (FBM Emas Index) posting a larger gain of 1.8% to close at 11,950 points while the FTSE Bursa Malaysia Small Cap Index (FBM Small Cap Index) increased 2.2% to end at 15,764 points. Among regional bourses, Taiwan and China were the outperformers while Thailand and Philippines were laggards. The month of February was a good one for Malaysian equities as cooling tensions between United States (US) and China, signalled by President Donald J. Trump s (President Trump) backing of the One China policy and better Chinese economic data fuelled investor optimism. Brent crude oil futures held steady for the month at US$56/barrel while spot crude palm oil (CPO) fell 10.0% to RM2,946/ton. Meanwhile, the Ringgit weakened marginally by 0.3% against the US Dollar for the month. On the local corporate front, Prime Minister Najib Razak has announced that Saudi Arabia s state oil company Aramco is investing US$7 billion into Petronas Refinery and Petrochemical Integrated Project (RAPID). Meanwhile, it has been reported that French PSA Group is likely to be chosen as the foreign strategic partner for DRB-Hicom s Proton as it presented the best proposal among contenders to rescue and expand the unit s operations in Association of Southeast Asia Nation (ASEAN). Malaysia s consumer price index (CPI) in January rose 3.2% year on year, its highest level since February The figure was above consensus growth forecast of 2.8%, mainly driven by higher food and housing, utilities and transport costs. The Malaysian government expects inflation to remain between 2% 3% for Manager s Comments For the month, the fund outperformed the benchmark mainly due to stock selection. In terms of attribution analysis, the positive contributors to the fund performance were Oldtown Berhad, Bumi Armada Berhad, and Malayan Banking Berhad. In the near term, we could see some volatility in markets due to a potential rate hike in the US and policy uncertainties from President Trump. We would employ a stockpicking strategy to generate outperformance. With the fund s cash holding, we would be adding on any unjustified price weakness. The focus would be on undervalued companies to ride on selected investment themes including companies that are beneficiaries of higher construction spending, stronger CPO prices, strong consumer franchises, and companies that offer attractive dividend yield. Investors are advised to read and understand the contents of the Master Prospectus for Conventional Funds dated 17 September 2016, and the Product Highlight Sheet (PHS) before investing. The Prospectus has been registered and lodged with the Securities Commission Malaysia. Among others, investor should consider the fees and charges involved. The price of units and distributions payable, if any, may go down as well as up. Past performances of the fund should not be taken as indicative of its future performance. Where a distribution is declared, investors are advised that following the distribution, the NAV per unit will be reduced from cum-distribution NAV to exdistribution NAV. Investments in the fund is exposed to equity specific risk, credit and default risk, interest rate risk, currency risk and country risk. Units will only be issued on receipt of an application form referred to and accompanying the Prospectus which can be obtained at Amanah Mutual Berhad and any distribution channels as mentioned in the Prospectus. Page 2 of 2

13 Fund Factsheet 28 February 2017 C-USD (INSTITUTIONAL) Standard Deviation (USD) 15.58% 30/11/ /02/2017 (Annualized ) - Lipper (***UNHEDGED) The fund's objective is to provide investors with capital growth through investments into securities that are trading at a discount to their intrinsic values, while minimising the risk in the *medium to **longterm. The fund is suitable for investors who are willing to accept risk for returns presented by the equity and bond markets, want to capitalise on the value investment approach when investing in equity and bond markets and have a **long term investment horizon. FUND DETAILS AS AT 28 FEBRUARY 2017 Fund Inception : 7 January 2003 Financial Year : 31 August Unit In Circulation : 20,000 Unit NAV : USD Fund Category : Equity Fund Sales Charge : Up to 6.50% of NAV per unit (not inclusive of GST) Annual Management Fee : 1.30% of NAV Benchmark : FBM KLCI Asset Allocation : 70% - 98% in equities : 2% - 30% in cash or bonds (or a combination of both) INVESTMENT COMMITTEE MEMBERS Tan Sri Abdul Wahid bin Omar (Chairman) Dato' Abdul Rahman bin Ahmad Dato' Noorizah binti Hj Abd Hamid Puan Norlin binti Samad PERFORMANCE RECORD 3 Years Growth Total Return from 28 February 2014 to 28 February 2017 Asset Allocation as at 28 February 2017" 16% 84% Equities Cash & cash equivalent Source : Lipper(G) - Equity Malaysia. Cumulative Total Return Asset Allocation as at 28 February 2017" Fund (%) Benchmark % of Since Inception ( 11 Sept February 2017) Equities portfolio YTD (1 January February 2017) Construction Month (31 January February 2017) Consumer Month (31 August February 2017) Finance Year (29 February February 2017) Industrial Product Year (28 February February 2017) Plantations 8.59 Source : Lipper(G) - Equity Malaysia Properties 2.23 REITS 1.92 Technology 2.30 High/Low Unit NAV (USD) Trading & Services High Low TOTAL Since Inception (11 Sept February 2017) Month (31 August February 2017) Year (29 February February 2017) Year (28 February February 2017) Price as at 28 February 2017 USD Top 10 Largest Holdings in Equity" 1) MALAYAN BANKING BERHAD 2) TENAGA NASIONAL BERHAD Exchange Rates USD/Ringgit -Middle Rate -BNM 3) CIMB GROUP HOLDINGS BERHAD 31-Mac Jul Nov ) SIME DARBY BERHAD 29-Apr Aug Dec ) PUBLIC BANK BERHAD 31-May Sep Jan ) PETRONAS CHEMICALS GROUP BERHAD 30-Jun Oct Feb ) BURSA MALAYSIA BERHAD Source: 8) AMMB HOLDINGS BERHAD 9) CAHYA MATA SARAWAK BERHAD 10) OLDTOWN BERHAD " Asset Allocation & Top 10 Largest Holding shown are inclusive of all classes *** Exhange rate between RM & USD are not hedged therefore movement of exchange rate will be reflected in the performance of the fund Investors are advised to read and understand the contents of the Master Prospectus for Conventional Funds dated 17 September 2016, and the Product Highlight Sheet (PHS) before investing. The Prospectus has been registered and lodged with the Securities Commission Malaysia. Among others, investor should consider the fees and charges involved. The price of units and distributions payable, if any, may go down as well as up. Past performances of the fund should not be taken as indicative of its future performance. Where a distribution is declared, investors are advised that following the distribution, the NAV per unit will be reduced from cum-distribution NAV to ex-distribution NAV. Investments in the fund is exposed to equity specific risk, credit and default risk, interest rate risk, currency risk and country risk. Units will only be issued on receipt of an application form referred to and accompanying the Prospectus which can be obtained at Amanah Mutual Berhad and any distribution channels as mentioned in the Prospectus. Page 1 of 2