Monthly Review April 2018

Transcription

1 Manulife Investment Growth 8.2 high Growth / Equity 15 To provide Unit Holders with medium- to long-term capital growth through investments in a diversified portfolio of equities The is designed for investors with a higher risk tolerance with low income requirement. Investors should ideally have a medium- to longterm investment horizon of between 3 and 5 years. Malaysia's equity market outlook remains intact supported by the global synchronized economic growth and positive corporate earnings momentum. While the further escalation of trade war tension will negatively impact trade dependent economies such as Malaysia, our base case scenario is there would be no full blown trade war. That said, we are cognizant of rising policies risk and the resulting volatilities in currencies and fund flows. The upcoming general elections may cause investors to feel jittery in the run-up to the polling day. This will be only be temporary as we expect the equity market to be driven by fundamentals post-elections. Our strategy remains to be more vigilant in our investments, focusing on valuations and earnings visibility with a more opportunistic approach. 1-Month 6-Month YTD 1-Year 3-Year 5-Year 10-Year HSBC (Malaysia) Trustee Bhd (1281-T) NAV/Unit RM No. Security Name No. Asset/ Sector Name Size RM mil 1 CIMB GROUP HOLDINGS BHD TRADING/SERVICES Units In Circulation mil 2 TENAGA NASIONAL BHD FOREIGN Launch Date 18 Feb MALAYAN BANKING BHD FINANCE Inception Date 11 Mar PETRONAS CHEMICALS GROUP BHD INDUSTRIAL PRODUCTS Financial Year 31 Jul 5 TELEKOM MALAYSIA BHD CONSTRUCTION Currency MYR 6 CASH INSTRUMENT Management Fee Up to 1.5% of NAV p.a. HIGHEST & LOWEST NAV 7 CONSUMER PRODUCTS Trustee Fee Up to 0.06% of NAV 8 INFRASTRUCTURE Sales Charge Up to 6.5% of NAV per unit 9 PROPERTIES OTHERS FTSE Bursa Malaysia EMAS Index 73.9 Distribution (Sen) HONG KONG 9.4 Distribution Yield (%) CASH INSTRUMENT KOREA-SOUTH OTHERS

2 Manulife Investment Progress 11.5 very high Growth / Equity To provide Unit Holders with a steady long-term capital growth at a reasonable level of risk by investing in a diversified portfolio of small- to medium-size public listed companies The is designed for investors who are willing to accept a higher level of risk and for investors who seek to maximise long-term capital appreciation from their investments. These investors should also have low income requirements and ideally have a medium- to long-term investment horizon of between 3 and 5 years. Malaysia's equity market outlook remains intact supported by the global synchronized economic growth and positive corporate earnings momentum. While the further escalation of trade war tension will negatively impact trade dependent economies such as Malaysia, our base case scenario is there would be no full blown trade war. That said, we are cognizant of rising policies risk and the resulting volatilities in currencies and fund flows. The upcoming general elections may cause investors to feel jittery in the run-up to the polling day. This will be only be temporary as we expect the equity market to be driven by fundamentals post-elections. Our strategy remains to be more vigilant in our investments, focusing on valuations and earnings visibility with a more opportunistic approach. HSBC (Malaysia) Trustee Bhd (1281-T) NAV/Unit RM No. Security Name No. Asset/ Sector Name Size RM mil 1 PESTECH INTERNATIONAL BHD TRADING/SERVICES 28.6 Units In Circulation mil 2 UCHI TECHNOLOGIES BHD INDUSTRIAL PRODUCTS 22.0 Launch Date 18 Feb MALAYSIA AIRPORTS HLDGS BHD CASH INSTRUMENT 12.4 Inception Date 11 Mar SAM ENGINEERING & EQUIPMENT CONSTRUCTION 8.4 Financial Year 31 Jul 5 ENGTEX GROUP BHD CONSUMER PRODUCTS 7.7 Currency MYR 6 TECHNOLOGY 6.2 Management Fee Up to 1.5% of NAV p.a. HIGHEST & LOWEST NAV 7 PROPERTIES 4.3 Trustee Fee Up to 0.06% of NAV 8 PLANTATIONS 3.6 Sales Charge Up to 6.5% of NAV per unit 9 FINANCE OTHERS FTSE Bursa Malaysia Small Cap Index + 5 FTSE Bursa Malaysia Mid Distribution (Sen) CASH INSTRUMENT 12.4 Distribution Yield (%)

3 Manulife Investment Bond 2.1 low Income / Bond 5 To provide Unit Holders with higher than average returns compared to fixed deposits in medium- to long- term periods by investing in bonds and other fixed income securities with minimum risk to capital invested The is designed for investors who prefer a lower level of risk. The is suitable for investors who are less concerned on capital appreciation but seek consistent, reasonable and stable income distribution from their investments. Investors should ideally have a medium- to long-term investment horizon of between 3 and 5 years. The intends to maintain the current fund duration. Current cash balance will be invested in higher income papers subject to availability. HSBC (Malaysia) Trustee Bhd (1281-T) NAV/Unit RM No. Security Name No. Asset/ Sector Name Size RM mil 1 KRUNG THAI BANK/CAYMAN /04/ FIXED INCOME 88.2 Units In Circulation mil 2 PROJEK LEBUHRAYA USAHASA 5.07% 1/10/ CASH INSTRUMENT 11.8 Launch Date 18 Feb RHB BANK /08/ Inception Date 11 Mar GENM CAPITAL BHD /22/ Financial Year 31 Oct 5 UEM EDGENTA BHD /26/ Currency Management Fee Trustee Fee Sales Charge Redemption Charge Distribution Frequency MYR Up to 0.75% of NAV p.a. Up to 0.06% of NAV Up to 0.25% of NAV per unit Nil Annually 5-year MGS Bond Index returns High HIGHEST & LOWEST NAV Distribution (Sen) CASH INSTRUMENT 11.8 Distribution Yield (%)

4 Manulife Investment Al-Faid 6.8 moderate Growth / Islamic Equity To provide Unit Holders with medium- to long-term capital growth through investments in a diversified portfolio of equities which are Shariah-compliant The is designed for those seeking investments that comply with Shariah requirements and are willing to accept a medium to high level of risk. Investors should have a medium- to long-term investment horizon of between 3 and 5 years. The is suitable for investors who seek long-term capital appreciation from their investments. Malaysia's equity market outlook remains intact supported by the global synchronized economic growth and positive corporate earnings momentum. While the further escalation of trade war tension will negatively impact trade dependent economies such as Malaysia, our base case scenario is there would be no full blown trade war. That said, we are cognizant of rising policies risk and the resulting volatilities in currencies and fund flows. The upcoming general elections may cause investors to feel jittery in the run-up to the polling day. This will be only be temporary as we expect the equity market to be driven by fundamentals post-elections. Our strategy remains to be more vigilant in our investments, focusing on valuations and earnings visibility with a more opportunistic approach. HSBC (Malaysia) Trustee Bhd (1281-T) NAV/Unit RM No. Security Name No. Asset/ Sector Name Size RM mil 1 TENAGA NASIONAL BHD TRADING/SERVICES 29.9 Units In Circulation mil 2 TELEKOM MALAYSIA BHD INDUSTRIAL PRODUCTS 17.0 Launch Date 30 Jun PETRONAS GAS BHD CASH INSTRUMENT 16.7 Inception Date 22 Jul TIME DOTCOM BHD PLANTATIONS 8.3 Financial Year 31 Jul 5 IHH HEALTHCARE BHD INFRASTRUCTURE 7.5 Currency MYR 6 CONSUMER PRODUCTS 7.3 Management Fee Up to 1.5% of NAV p.a. HIGHEST & LOWEST NAV 7 CONSTRUCTION 7.0 Trustee Fee Up to 0.06% of NAV 8 PROPERTIES 3.9 Sales Charge Up to 6.5% of NAV per unit 9 TECHNOLOGY 2.4 Redemption Charge Nil High FTSE Bursa Malaysia EMAS Shariah Index 83.3 Distribution (Sen) CASH INSTRUMENT 16.7 Distribution Yield (%)

5 Manulife Investment As-Saad 2.1 low Income / Islamic Bond 5 To provide Unit Holders with higher than average returns compared to fixed deposits in medium- to long-term periods by investing in bonds and other fixed income securities which are Shariahcompliant The is designed for investors who prefer to invest in sukuk with a lower level of risk. The is suitable for investors who are less concerned on capital appreciation but seek consistent, reasonable and stable income distribution from their investments that comply with Shariah requirements. Investors should ideally have a medium- to longterm investment horizon of between 3 and 5 years. The intends to maintain the current fund duration. Current cash balance will be invested in higher income papers subject to availability. HSBC (Malaysia) Trustee Bhd (1281-T) NAV/Unit RM No. Security Name No. Asset/ Sector Name Size RM mil 1 IJM CORPORATION BERHAD /10/ FIXED INCOME 96.8 Units In Circulation mil 2 BUMITAMA AGRI LTD 5 09/02/ CASH INSTRUMENT 3.2 Launch Date 30 Jun CELCOM NETWORKS SDN BHD /29/ Inception Date 22 Jul SARAWAK ENERGY BHD 5.15% 6/23/ Financial Year 31 Oct 5 JIMAH ENERGY VENTURES /12/ Currency Management Fee Trustee Fee Sales Charge Redemption Charge Distribution Frequency MYR Up to 0.75% of NAV p.a. Up to 0.06% of NAV Up to 0.25% of NAV per unit Nil Annually 5-year MGS Bond Index returns High HIGHEST & LOWEST NAV Distribution (Sen) CASH INSTRUMENT 3.2 Distribution Yield (%)

6 Manulife Investment Syariah Index 8.2 high Index Tracking / Islamic Equity To track the performance of the FBMSHA. Also aims to generate annual distribution The is designed for investors who seek capital appreciation over the long term of at least 5 years. The is suitable for investors seeking Shariahcompliant investment avenues. The will continue to track the Index performance. The Manager has rebalanced the to closely track the FBM Emas Shariah Index, when the invested level is affected by changes in the index components and inflow and outflow of funds. The Manager aims to maintain tracking accuracy of around 95-97%. Maybank Trustees Berhad (5004-P) NAV/Unit RM No. Security Name No. Asset/ Sector Name Size RM mil 1 TENAGA NASIONAL BHD TRADING/SERVICES 45.4 Units In Circulation mil 2 AXIATA GROUP BERHAD INDUSTRIAL PRODUCTS 18.5 Launch Date 04 Jan PETRONAS CHEMICALS GROUP BHD PLANTATIONS 11.8 Inception Date 26 Jan SIME DARBY PLANTATION BHD CONSUMER PRODUCTS 6.6 Financial Year 30 Jun 5 IHH HEALTHCARE BHD CONSTRUCTION 5.8 Currency MYR 6 PROPERTIES 4.5 Management Fee Up to 1.5% of NAV p.a. HIGHEST & LOWEST NAV 7 CASH INSTRUMENT 4.0 Trustee Fee Up to 0.08% of NAV 8 TECHNOLOGY 1.6 Sales Charge Up to 6.5% of NAV per unit 9 INFRASTRUCTURE OTHERS 0.9 Distribution Frequency Annually FTSE Bursa Malaysia EMAS Shariah Index Distribution (Sen) CASH INSTRUMENT Distribution Yield (%)

7 Manulife Investment Value 8.9 high Growth / Equity 15 To target growth through capital appreciation by investing in high quality and high growth companies in Malaysia The is designed for investors with higher risk tolerance and low income requirements. Investors should ideally have a medium- to long-term investment horizon of between 3 and 5 years. The is suitable for investors who seek capital appreciation from their investment. Malaysia's equity market outlook remains intact supported by the global synchronized economic growth and positive corporate earnings momentum. While the further escalation of trade war tension will negatively impact trade dependent economies such as Malaysia, our base case scenario is there would be no full blown trade war. That said, we are cognizant of rising policies risk and the resulting volatilities in currencies and fund flows. The upcoming general elections may cause investors to feel jittery in the run-up to the polling day. This will be only be temporary as we expect the equity market to be driven by fundamentals post-elections. Our strategy remains to be more vigilant in our investments, focusing on valuations and earnings visibility with a more opportunistic approach. Maybank Trustees Berhad (5004-P) NAV/Unit RM No. Security Name No. Asset/ Sector Name Size RM mil 1 MALAYAN BANKING BHD TRADING/SERVICES 37.2 Units In Circulation mil 2 CIMB GROUP HOLDINGS BHD FINANCE 24.9 Launch Date 28 Jun TENAGA NASIONAL BHD INDUSTRIAL PRODUCTS 8.0 Inception Date 28 Jul GENTING BHD PLANTATIONS 6.6 Financial Year 31 Jul 5 PUBLIC BANK BERHAD INFRASTRUCTURE 5.9 Currency MYR 6 CASH INSTRUMENT 4.9 Management Fee Up to 1.5% of NAV p.a. HIGHEST & LOWEST NAV 7 CONSTRUCTION 4.8 Trustee Fee Up to 0.08% of NAV 8 PROPERTIES 4.8 Sales Charge Up to 6.5% of NAV per unit 9 CONSUMER PRODUCTS TECHNOLOGY FTSE Bursa Malaysia EMAS Index 95.1 Distribution (Sen) CASH INSTRUMENT 4.9 Distribution Yield (%)

8 Manulife Investment Balanced 6.2 moderate Growth & Income / Balanced To achieve medium- to long-term capital appreciation and to provide dividend income The is designed for investors who seek capital appreciation and regular income. The is suitable for conservative investors seeking relatively higher returns than fixed deposits but dislike the higher risks associated with a full equity portfolio. Malaysia's equity market outlook remains intact supported by the global synchronized economic growth and positive corporate earnings momentum. While the further escalation of trade war tension will negatively impact trade dependent economies such as Malaysia, our base case scenario is there would be no full blown trade war. That said, we are cognizant of rising policies risk and the resulting volatilities in currencies and fund flows. On the local front, the upcoming general elections may cause investors to feel jittery in the run-up to the polling day. This will only be temporary as we expect the equity market to be driven by fundamentals post-elections. Our strategy remains to be more vigilant in our investments, focusing on valuations and earnings visibility with a more opportunistic approach. For the fixed income portion, we intend to invest in medium to long dated credits with attractive yields, subject to market availability. Maybank Trustees Berhad (5004-P) NAV/Unit RM No. Security Name No. Asset/ Sector Name Size RM mil 1 JIMAH ENERGY VENTURES /12/ FIXED INCOME 41.0 Units In Circulation mil 2 SOUTHERN POWER GENERATIO 5 04/30/ TRADING/SERVICES 23.5 Launch Date 02 May GENM CAPITAL BHD /22/ FINANCE 11.5 Inception Date 02 Jun CIMB GROUP HOLDINGS BHD INDUSTRIAL PRODUCTS 9.3 Financial Year 30 Jun 5 BUMITAMA AGRI LTD 5 09/02/ CASH INSTRUMENT 3.1 Currency MYR 6 CONSTRUCTION 3.0 Management Fee Up to 1.5% of NAV p.a. HIGHEST & LOWEST NAV 7 INFRASTRUCTURE 2.3 Trustee Fee Up to 0.08% of NAV 8 PLANTATIONS 2.0 Sales Charge Up to 6.5% of NAV per unit 9 CONSUMER PRODUCTS OTHERS 2.5 Distribution Frequency Semi-annually, if any FBM Maybank 12-month FD rate ** 96.9 Distribution (Sen) CASH INSTRUMENT 3.1 Distribution Yield (%) ** Interim distribution (semi-annual)

9 Manulife Investment Equity Index 7.6 moderate Index Tracking / Equity To track the performance of the FBM KLCI at less than average market risk through its overall investment strategy of investing predominantly in index-linked stocks The is designed for investors who are seeking capital appreciation over the long term of at least 5 years. The is suitable for investors who wants to track the FBM KLCI performance, have low income requirements and ideally should have a longterm investment horizon of at least 5 years. The will continue to track the Index performance. The Manager has rebalanced the to closely track the KLCI Index, when the invested level is affected by changes in the index components and inflow and outflow of funds. The Manager aims to maintain tracking accuracy of around 95-97%. Maybank Trustees Berhad (5004-P) NAV/Unit RM No. Security Name No. Asset/ Sector Name Size RM mil 1 PUBLIC BANK BERHAD FINANCE 37.6 Units In Circulation mil 2 TENAGA NASIONAL BHD TRADING/SERVICES 37.3 Launch Date 26 May MALAYAN BANKING BHD PLANTATIONS 8.4 Inception Date 26 Jun CIMB GROUP HOLDINGS BHD INDUSTRIAL PRODUCTS 8.0 Financial Year 30 Jun 5 AXIATA GROUP BERHAD CONSUMER PRODUCTS 3.6 Currency MYR 6 INFRASTRUCTURE 3.0 Management Fee Up to 1.5% of NAV p.a. HIGHEST & LOWEST NAV 7 CASH INSTRUMENT 1.6 Trustee Fee Up to 0.06% of NAV 8 REITS 0.5 Sales Charge Up to 6.5% of NAV per unit Redemption Charge Nil High FTSE Bursa Malaysia KLCI 98.4 Distribution (Sen) CASH INSTRUMENT 1.6 Distribution Yield (%)

10 Manulife Investment Regular Savings 9.4 high Growth / Equity To provide long-term goal of capital appreciation by maintaining a minimum exposure of 8 in equities and equity-related instruments at all times The is designed for investors who are willing to accept moderate to high level of risk. It is suitable for investors seeking capital appreciation. Investors should ideally have a medium- to long-term investment horizon of between 3 and 5 years. Malaysia's equity market outlook remains intact supported by the global synchronized economic growth and positive corporate earnings momentum. While the further escalation of trade war tension will negatively impact trade dependent economies such as Malaysia, our base case scenario is there would be no full blown trade war. That said, we are cognizant of rising policies risk and the resulting volatilities in currencies and fund flows. The upcoming general elections may cause investors to feel jittery in the run-up to the polling day. This will be only be temporary as we expect the equity market to be driven by fundamentals post-elections. Our strategy remains to be more vigilant in our investments, focusing on valuations and earnings visibility with a more opportunistic approach. HSBC (Malaysia) Trustee Bhd (1281-T) NAV/Unit RM No. Security Name No. Asset/ Sector Name Size RM mil 1 CIMB GROUP HOLDINGS BHD TRADING/SERVICES 32.0 Units In Circulation mil 2 MALAYAN BANKING BHD FINANCE 29.0 Launch Date 08 Sep PUBLIC BANK BERHAD INDUSTRIAL PRODUCTS 12.2 Inception Date 29 Sep TENAGA NASIONAL BHD CONSTRUCTION 7.1 Financial Year 30 Jun 5 GENTING BHD CASH INSTRUMENT 4.2 Currency MYR 6 PROPERTIES 3.9 Management Fee Up to 1.5% of NAV p.a. HIGHEST & LOWEST NAV 7 INFRASTRUCTURE 3.6 Trustee Fee Up to 0.06% of NAV 8 PLANTATIONS 3.1 Sales Charge Up to 6.5% of NAV per unit 9 CONSUMER PRODUCTS TECHNOLOGY FTSE Bursa Malaysia Top 100 Index 95.8 Distribution (Sen) CASH INSTRUMENT 4.2 Distribution Yield (%)

11 Manulife Investment Money Market 0.1 very low Income / Money Market To provide Unit Holders with liquidity and current income while maintaining capital stability. 35% 3 25% 2 15% 1 5% The will continue to make placements in deposits to obtain income return and to provide liquidity. The is designed for investors who are conservative in nature and are temperament towards risk-reward trade-off. These investors should have a short-term investment horizon of less than 1 to 3 years and wish to temporarily liquidate or reduce exposure in equities. HSBC (Malaysia) Trustee Bhd (1281-T) NAV/Unit RM No. Security Name No. Asset/ Sector Name Size RM mil NIL 1 CASH INSTRUMENT Units In Circulation Launch Date Inception Date Financial Year Currency Management Fee Trustee Fee Sales Charge Redemption Charge Distribution Frequency mil 08 Sep Sep Oct MYR Up to 0.5% of NAV p.a. Up to 0.06% of NAV N/A Nil As the fund is an income fund, the Manager will distribute income at least once a year (if any). Maybank 1-month FD Rate High Distribution (Sen) Distribution Yield (%) 0.25 HIGHEST & LOWEST NAV No. Country Name 1 CASH INSTRUMENT

12 Manulife Investment-ML Flexi 8.7 high Growth / Mixed Assets To provide Unit Holders with long-term capital appreciation The is designed for investors who seek capital appreciation and are willing to accept medium to high level of risk. The is also suitable for investors who do not seek a regular income stream and ideally have a medium- to long-term investment horizon of between 3 and 5 years. Malaysia's equity market outlook is still intact supported by the global synchronized economic growth and positive corporate earnings momentum. While the further escalation of trade war tension will negatively impact trade dependent economies such as Malaysia, our base case scenario is there would be no full blown trade war. That said, we are cognizant of rising policies risk and the resulting volatilities in currencies and fund flows. The upcoming general elections may cause investors to feel jittery in the run-up to the polling day. This will be only be temporary as we expect the equity market to be driven by fundamentals post-elections. Our strategy remains to be more vigilant in our investments, focusing on valuations and earnings visibility with a more opportunistic approach. Maybank Trustees Berhad (5004-P) NAV/Unit RM No. Security Name No. Asset/ Sector Name Size RM mil 1 CIMB GROUP HOLDINGS BHD TRADING/SERVICES 29.7 Units In Circulation mil 2 TENAGA NASIONAL BHD FOREIGN 20.9 Launch Date 06 Sep MALAYAN BANKING BHD INDUSTRIAL PRODUCTS 16.3 Inception Date 27 Sep PETRONAS CHEMICALS GROUP BHD FINANCE 14.2 Financial Year 31 Mar 5 TELEKOM MALAYSIA BHD CASH INSTRUMENT 5.1 Currency MYR 6 CONSTRUCTION 4.9 Management Fee Up to 1.5% of NAV p.a. HIGHEST & LOWEST NAV 7 PROPERTIES 2.4 Trustee Fee Up to 0.07% of NAV 8 TECHNOLOGY 2.3 Sales Charge Up to 6.5% of NAV per unit 9 INFRASTRUCTURE OTHERS FTSE Bursa Malaysia Top 100 Index + 5 Maybank 12- month FD rate Distribution (Sen) HONG KONG 9.6 Distribution Yield (%) CASH INSTRUMENT KOREA-SOUTH OTHERS 7.4

13 Manulife Investment Al-Fauzan 6.5 moderate Income / Islamic Equity 15 To provide Unit Holders with a steady recurring income that is potentially higher than prevailing GIA rates. At the same time, the also attempts to attain medium- to long-term capital appreciation The is designed for investors who prefer a regular income stream, stable investment returns and potential for medium- to long- term capital appreciation of between 3 and 5 years. It is suitable for conservative investors who seek relatively higher return than GIA rates but are averse to higher risks associated with high equity exposures and investments which comply with Shariah requirements. HSBC (Malaysia) Trustee Bhd (1281-T) Malaysia's equity market outlook remains intact supported by the global synchronized economic growth and positive corporate earnings momentum. While the further escalation of trade war tension will negatively impact trade dependent economies such as Malaysia, our base case scenario is there would be no full blown trade war. That said, we are cognizant of rising policies risk and the resulting volatilities in currencies and fund flows. The upcoming general elections may cause investors to feel jittery in the run-up to the polling day. This will be only be temporary as we expect the equity market to be driven by fundamentals post-elections. Our strategy remains to be more vigilant in our investments, focusing on valuations and earnings visibility with a more opportunistic approach NAV/Unit RM No. Security Name No. Asset/ Sector Name Size RM mil 1 TENAGA NASIONAL BHD TRADING/SERVICES 30.0 Units In Circulation mil 2 PETRONAS CHEMICALS GROUP BHD CASH INSTRUMENT 14.5 Launch Date 06 Sep TELEKOM MALAYSIA BHD INDUSTRIAL PRODUCTS 13.2 Inception Date 27 Sep PPB GROUP BERHAD FOREIGN 10.3 Financial Year 30 Sep 5 MISC BHD PLANTATIONS 7.0 Currency MYR 6 CONSTRUCTION 5.9 Management Fee Up to 1.5% of NAV p.a. HIGHEST & LOWEST NAV 7 CONSUMER PRODUCTS 5.2 Trustee Fee Up to 0.06% of NAV 8 PROPERTIES 4.2 Sales Charge Up to 6.5% of NAV per unit 9 INFRASTRUCTURE OTHERS 5.9 Distribution Frequency Semi-annually, if any FBMSHA + 1 CIMB Bank 12-month Fixed Return Income Account-i (FRIA-i) Fixed ** 75.2 Maturity rate Distribution (Sen) CASH INSTRUMENT 14.5 Distribution Yield (%) HONG KONG 6.1 ** Interim distribution (semi-annual) 4 KOREA-SOUTH OTHERS 2.0

14 Manulife Investment Dividend 6.8 moderate Income / Equity 20 To provide steady recurring income that is potentially higher than prevailing fixed deposit rates. At the same time, the also attempts to attain medium- to long-term capital appreciation The is designed for investors who prefer a regular income stream, stable investment returns and potential for medium- to long-term capital appreciation between 3 and 5 years. It is suitable for conservative investors who seek relatively higher returns than fixed deposit but are averse to higher risks associated with high equity exposure. Malaysia's equity market outlook remains intact supported by the global synchronized economic growth and positive corporate earnings momentum. While the further escalation of trade war tension will negatively impact trade dependent economies such as Malaysia, our base case scenario is there would be no full blown trade war. That said, we are cognizant of rising policies risk and the resulting volatilities in currencies and fund flows. The upcoming general elections may cause investors to feel jittery in the run-up to the polling day. This will be only be temporary as we expect the equity market to be driven by fundamentals post-elections. Our strategy remains to be more vigilant in our investments, focusing on valuations and earnings visibility with a more opportunistic approach. HSBC (Malaysia) Trustee Bhd (1281-T) NAV/Unit RM No. Security Name No. Asset/ Sector Name Size RM mil 1 MALAYAN BANKING BHD TRADING/SERVICES 25.9 Units In Circulation mil 2 PUBLIC BANK BERHAD FINANCE 24.3 Launch Date 28 Mar CIMB GROUP HOLDINGS BHD FOREIGN 14.8 Inception Date 18 Apr TENAGA NASIONAL BHD INDUSTRIAL PRODUCTS 8.1 Financial Year 30 Apr 5 PETRONAS GAS BHD CASH INSTRUMENT 4.8 Currency MYR 6 PLANTATIONS 4.3 Management Fee Up to 1.5% of NAV p.a. HIGHEST & LOWEST NAV 7 CONSTRUCTION 4.1 Trustee Fee Up to 0.06% of NAV 8 INFRASTRUCTURE 3.9 Sales Charge Up to 6.5% of NAV per unit 9 PROPERTIES OTHERS 6.6 Distribution Frequency Semi-annually, if any FBM Maybank 12-month FD rate ** 80.5 Distribution (Sen) HONG KONG 5.6 Distribution Yield (%) CASH INSTRUMENT 4.8 ** Interim distribution (semi-annual) 4 KOREA-SOUTH OTHERS

15 Manulife Investment Al-Umran 5.8 low Growth & Income/ Balanced (Islamic) To produce medium- to long-term capital appreciation and current income The is designed for investors who seek a regular income from investments which comply with Shariah requirements. The is suitable for conservative investors seeking relatively higher returns than GIA rates but dislike the higher risks associated with a full Shariah-compliant equity portfolio. Investors should have a medium- to longterm investment horizon of between 3 and 5 years. Malaysia's equity market outlook remains intact supported by the global synchronized economic growth and positive corporate earnings momentum. While the further escalation of trade war tension will negatively impact trade dependent economies such as Malaysia, our base case scenario is there would be no full blown trade war. That said, we are cognizant of rising policies risk and the resulting volatilities in currencies and fund flows. On the local front, the upcoming general elections may cause investors to feel jittery in the run-up to the polling day. This will only be temporary as we expect the equity market to be driven by fundamentals post-elections. Our strategy remains to be more vigilant in our investments, focusing on valuations and earnings visibility with a more opportunistic approach. For the Sukuk portion, we intend to invest in medium to long dated credits with attractive returns, subject to market availability. Maybank Trustees Berhad (5004-P) NAV/Unit RM No. Security Name No. Asset/ Sector Name Size RM mil 1 DANAINFRA NASIONAL 4.38% 2/8/ FIXED INCOME 40.7 Units In Circulation mil 2 BUMITAMA AGRI LTD 5 09/02/ TRADING/SERVICES 20.8 Launch Date 28 Mar JIMAH ENERGY VENTURES /12/ INDUSTRIAL PRODUCTS 14.6 Inception Date 18 Apr PETRONAS CHEMICALS GROUP BHD CASH INSTRUMENT 6.6 Financial Year 31 May 5 TENAGA NASIONAL BHD CONSTRUCTION 4.3 Currency MYR 6 INFRASTRUCTURE 3.4 Management Fee Up to 1.5% of NAV p.a. HIGHEST & LOWEST NAV 7 PROPERTIES 3.3 Trustee Fee Up to 0.07% of NAV 8 PLANTATIONS 3.0 Sales Charge Up to 6.5% of NAV per unit 9 CONSUMER PRODUCTS TECHNOLOGY 1.1 Distribution Frequency Semi-annually, if any FBMSHA + 5 CIMB Bank 12-month Fixed Return Income Account-i (FRIA-i) Fixed ** 93.4 Maturity rate Distribution (Sen) CASH INSTRUMENT 6.6 Distribution Yield (%) ** Interim distribution (semi-annual)

16 Manulife Investment-CM Flexi 9.2 high Growth / Mixed Assets 15 To provide Unit Holders with long-term capital appreciation The is designed for investors who seek capital appreciation and are willing to accept medium to high level of risk. The is also suitable for investors who do not seek regular income stream and ideally have a medium- to long-term investment horizon of between 3 and 5 years. Mounting US-China trade tensions have unnerved equity markets as evidenced by the global selldown. In our opinion, a full-blown trade war will be avoided as it is detrimental to all. Locally, the 14th General Elections (GE14) will be held on May 9. Our base case is for no major political changes following GE14. However, until we get a firm resolution on the US-China trade war and the final outcome of the GE14, volatility in the equity markets is expected to remain high. We remain constructive on Malaysian equities and will look to selectively add to our preferred stocks opportunistically in market corrections. We will stay invested, and continue to prefer large caps to small caps, to maintain portfolio liquidity. We continue to like Financials, Tourism and Industrials. We will also re-look at sectors which have retraced substantially CIMB-Principal Asset Management Bhd Maybank Trustees Berhad (5004-P) NAV/Unit RM No. Security Name No. Asset/ Sector Name Size RM mil 1 Public Bank Bhd - Local TRADING/SERVICES 27.3 Units In Circulation mil 2 Malayan Banking Bhd FINANCE 25.2 Launch Date 23 Jan Tenaga Nasional Bhd CASH INSTRUMENT 21.0 Inception Date 13 Feb CIMB Group Hldgs Bhd INDUSTRIAL PRODUCTS 10.2 Financial Year 31 Mar 5 Genting Bhd CONSUMER PRODUCTS 6.3 Currency MYR 6 TECHNOLOGY 4.3 Management Fee Up to 1.5% of NAV p.a. HIGHEST & LOWEST NAV 7 CONSTRUCTION 3.1 Trustee Fee Up to 0.08% of NAV 8 PROPERTIES 1.7 Sales Charge Up to 6.5% of NAV per unit 9 PLANTATIONS 1.0 Redemption Charge Nil High FTSE Bursa Malaysia Top CIMB 12-month FD rate Distribution (Sen) CASH INSTRUMENT 21.0 Distribution Yield (%)

17 Manulife Investment Al-Ma'mun 0.1 very low Income / Islamic Money Market To provide Unit Holders with liquidity and current income while maintaining capital stability. 35% 3 25% 2 15% 1 5% The will continue to invest good return short term paper to enhance fund return while maintaining adequate level of liquidity. The is designed for investors who are conservative in nature and have a low tolerance for risk. These investors should have a short-term investment horizon and wish to temporarily liquidate or reduce exposure in equities. It is suitable for investors who seek Shariah-compliant investment avenues. Maybank Trustees Berhad (5004-P) NAV/Unit RM No. Security Name No. Asset/ Sector Name Size RM mil 1 GAMUDA BERHAD /26/ FIXED INCOME 53.2 Units In Circulation mil 2 BUMITAMA AGRI LTD /18/ CASH INSTRUMENT 46.8 Launch Date 23 Jan JIMAH ENERGY VENTURES /11/ Inception Date 24 Jan UEM SUNRISE BHD /13/ Financial Year 30 Nov 5 IMTIAZ SUKUK II BHD /20/ Currency Management Fee MYR Up to 0.5% of NAV p.a. HIGHEST & LOWEST NAV Trustee Fee Up to 0.08% of NAV Sales Charge N/A Redemption Charge Nil High Distribution Frequency As the fund is an income fund, the Manager will distribute income at least once a year (if any) CIMB Bank 1-month Distribution (Sen) CASH INSTRUMENT 46.8 Fixed Return Income Distribution Yield (%) Account-i (FRIA-i) Fixed Maturity rate

18 Manulife Investment-HW Flexi 7.6 moderate Growth / Mixed Asset 25 To provide Unit Holders with long-term capital appreciation The is designed for investors who seek capital appreciation and are willing to accept medium to high level of risk. The is also suitable for investors who do not seek a regular income stream and ideally have a medium- to long-term investment horizon of between 3 and 5 years. The big disconnect between KLCI performance and the broader market continues. We're relooking into small/mid cap space, but cautious that the sector could overshoot on the downside first. We are expecting a post election relief rally. We have raised some cash by selling certain expensive names like Dialog and Nestle. We will redeploy selectively into stocks with very reasonable valuations backed by strong fundamentals, driven by good management and earnings growth Affin Hwang Asset Management Berhad Maybank Trustees Berhad (5004-P) NAV/Unit RM No. Security Name No. Asset/ Sector Name Size RM mil 1 Malayan Banking Bhd FINANCE 28.2 Units In Circulation mil 2 Tenaga Nasional Bhd TRADING/SERVICES 19.2 Launch Date 26 Jul Public Bank Berhad CASH INSTRUMENT 14.6 Inception Date 16 Aug CIMB Group Holdings Bhd INDUSTRIAL PRODUCTS 9.8 Financial Year 31 Aug 5 Fraser & Neave Holdings Bhd PROPERTIES 7.2 Currency MYR 6 CONSUMER PRODUCTS 6.2 Management Fee Up to 1.5% of NAV p.a. HIGHEST & LOWEST NAV 7 REITS 4.8 Trustee Fee Up to 0.08% of NAV 8 PLANTATIONS 4.6 Sales Charge Up to 6.5% of NAV per unit 9 CONSTRUCTION TECHNOLOGY FTSE Bursa Malaysia Top Maybank 12-month FD rate 85.5 Distribution (Sen) CASH INSTRUMENT 14.6 Distribution Yield (%)

19 Manulife Investment-CM Shariah Flexi 8.4 high Growth / Mixed Asset (Islamic) 15 To provide Unit Holders with long-term capital appreciation The is designed for investors who seek capital appreciation and are willing to accept medium to high level of risk. The is suitable for investors who seek investments which conform to the requirements of the Shariah, who do not seek a regular income stream and ideally have a mediumto long-term investment horizon of between 3 and 5 years. The tit-for-tat US-China trade spat has weighed on global markets. We believe that there will not be a full-blown trade war as all involved will stand to lose. Instead, we believe it is the start of dialogue and negotiation between US and China on strategic economic sectors. Locally, the 14th General Elections (GE14) will be held on May 9. Our base case is for no major political changes following GE14. We remain constructive on Malaysian equities and will look to selectively add to our preferred stocks opportunistically in market corrections. We will stay invested, and continue to prefer large caps to small caps, to maintain portfolio liquidity. We continue to like Consumer, Technology and Industrials. We will also re-look at sectors which have retraced substantially CIMB-Principal Asset Management Bhd Maybank Trustees Berhad (5004-P) NAV/Unit RM No. Security Name No. Asset/ Sector Name Size RM mil 1 Tenaga Nasional Bhd TRADING/SERVICES 35.8 Units In Circulation mil 2 Petronas Chemicals Group Bhd CASH INSTRUMENT 20.4 Launch Date 06 Nov IHH Healthcare Bhd INDUSTRIAL PRODUCTS 11.6 Inception Date 27 Nov Axiata Group Bhd PLANTATIONS 8.8 Financial Year 30 Nov 5 IOI Corp Bhd CONSUMER PRODUCTS 7.0 Currency MYR 6 CONSTRUCTION 5.1 Management Fee Up to 1.5% of NAV p.a. HIGHEST & LOWEST NAV 7 TECHNOLOGY 4.1 Trustee Fee Up to 0.08% of NAV 8 PROPERTIES 3.3 Sales Charge Up to 6.5% of NAV per unit 9 INFRASTRUCTURE FINANCE FTSE Bursa Malaysia Emas Shariah Index + 5 CIMB Bank 12-month Fixed Return 79.6 Income Account-i (FRIAi) rate Distribution (Sen) CASH INSTRUMENT 20.4 Distribution Yield (%)

20 Manulife Investment Shariah Progress 10.8 very high Growth / Islamic Equity 15 SINCE INCEPTION PERFORMANCE AS AT 31 MARCH 2018 * The seeks to provide Unit Holders with steady long-term capital growth at a reasonable level of risk by investing in a diversified portfolio of small- to medium-capitalised Shariah-compliant equities and equity-related instruments Apr-11 Sep-11 Feb-12 Jul-12 Dec-12 May-13 Oct-13 Mar-14 Aug-14 Jan-15 Jun-15 Nov-15 Apr-16 Sep-16 Feb-17 Jul-17 Dec-17 The is designed for investors who are willing to accept a higher level of risk and seek to maximise long-term capital appreciation from their investments. These investors should also have a low income stream requirement and a medium- to long-term investment horizon of between 3 and 5 years. The Syariah small cap Index declined % during the month of March. The decline was large casued by exporter - Tech and manufacturing stocks which were exposed to weaker USD and fear of Trump trade war. The strategy is to maintain high cash between 2-25%, we are cautious of the market given that there may continue to see trade off negotiations between China and US. We will continue to invest into stocks with strong fundamentals, driven by good management with earnings growth. Stocks are now at very reasonable valuations and will look to be nimble and add on good companies. 1-Month 6-Month YTD 1-Year 3-Year 5-Year Affin Hwang Asset Management Berhad Since Inception RHB Trustees Berhad ( U) NAV/Unit RM No. Security Name No. Asset/ Sector Name Size RM mil 1 Dialog Group Bhd CASH INSTRUMENT 24.4 Units In Circulation mil 2 Fraser & Neave Holdings Bhd TRADING/SERVICES 23.6 Launch Date 20 Apr Scientex Bhd CONSTRUCTION 16.8 Inception Date 11 May Sunway Bhd INDUSTRIAL PRODUCTS 10.8 Financial Year 30 Apr 5 IJM Corporation Bhd TECHNOLOGY 7.5 Currency MYR 6 PROPERTIES 7.3 Management Fee Up to 1.5% of NAV p.a. HIGHEST & LOWEST NAV 7 CONSUMER PRODUCTS 4.6 Trustee Fee Up to 0.08% of NAV 8 REITS 3.0 Sales Charge Up to 6.5% of NAV per unit 9 PLANTATIONS 2.0 Redemption Charge Nil High of the FTSE Bursa Malaysia Small Cap Index + 5 of the FTSE Bursa Malaysia 75.6 Mid 70 Index Distribution (Sen) CASH INSTRUMENT 24.4 Distribution Yield (%)

21 Manulife Investment-HW Shariah Flexi 9.2 high Growth / Mixed Asset (Islamic) The seeks to provide Unit Holders with long term* capital appreciation. *Long-term in this context refers to a period of at least 5 years SINCE INCEPTION PERFORMANCE AS AT 31 MARCH 2018 * -2 Oct-12 Feb-13 Jun-13 Oct-13 Feb-14 Jun-14 Oct-14 Feb-15 Jun-15 Oct-15 Feb-16 Jun-16 Oct-16 Feb-17 Jun-17 Oct-17 Feb-18 The is designed for investors who seek capital appreciation and are willing to accept medium to high level of risk. The is suitable for investors who seek investments which conform to the requirements of the Shariah, who do not seek regular income stream and ideally have a long-term investment horizon of at least 5 years. The fund reduced position in Technology and manufacturers due to the hightened fears of Trump trade wars and the weak USD. The fund is positioning into the Oil & Gas sector. The strategy currently is to temporarily increase cash level The current market valuations present a very good buying opportunity, but we remain mindful of the implications of the trade war to other neighbouring countries. We will continue to focus on companies with strong fundamentals and focused management during a market selldown, as well as switch out of overvalued stocks. 1-Month 6-Month YTD 1-Year 3-Year 5-Year Affin Hwang Asset Management Berhad Since Inception RHB Trustees Berhad ( U) NAV/Unit RM No. Security Name No. Asset/ Sector Name Size RM mil 1 Tenaga Nasional Bhd TRADING/SERVICES 33.9 Units In Circulation mil 2 Petronas Chemicals Group Bhd CONSTRUCTION 15.0 Launch Date 18 Oct Dialog Group Bhd INDUSTRIAL PRODUCTS 14.9 Inception Date 08 Nov Fraser & Neave Holdings Bhd CASH INSTRUMENT 11.4 Financial Year 31 Jan 5 Gamuda Bhd TECHNOLOGY 7.5 Currency MYR 6 PROPERTIES 6.8 Management Fee Up to 1.5% of NAV p.a. HIGHEST & LOWEST NAV 7 CONSUMER PRODUCTS 3.8 Trustee Fee Up to 0.07% of NAV 8 PLANTATIONS 3.2 Sales Charge Up to 5.5% of NAV per unit 9 REITS FINANCE FTSE Bursa Malaysia Emas Shariah Index + 5 CIMB Bank 12-month Fixed Return Income Account-i (FRIAi) rate Distribution (Sen) CASH INSTRUMENT 11.4 Distribution Yield (%)

22 Manulife Investment-ML Shariah Flexi - very low Growth / Mixed Asset (Islamic) SINCE INCEPTION PERFORMANCE AS AT 31 MARCH 2018 * 25% The seeks to provide Unit Holders with long term* capital appreciation. * long-term in this context refers to a period of at least 5 years. 2 15% 1 5% -5% Jul-15 Sep-15 Nov-15 Jan-16 Mar-16 May-16 Jul-16 Sep-16 Nov-16 Jan-17 Mar-17 May-17 Jul-17 Sep-17 Nov-17 Jan-18 Mar-18 The is designed for investors who seek capital appreciation and are willing to accept medium to high level of risk. The is suitable for investors who seek investments which conform to the requirements of the Shariah, who do not seek regular income stream and ideally have a long-term investment horizon of at least 5 years. HSBC (Malaysia) Trustee Bhd (1281-T) N/A N/A N/A N/A Malaysia's equity market outlook remains intact supported by the global synchronized economic growth and positive corporate earnings momentum. While the further escalation of trade war tension will negatively impact trade dependent economies such as Malaysia, our base case scenario is there would be no full blown trade war. That said, we are cognizant of rising policies risk and the resulting volatilities in currencies and fund flows. The upcoming general elections may cause investors to feel jittery in the run-up to the polling day. This will be only be temporary as we expect the equity market to be driven by fundamentals post-elections. Our strategy remains to be more vigilant in our investments, focusing on valuations and earnings visibility with a more opportunistic approach. 1-Month 6-Month YTD 1-Year 3-Year 5-Year N/A N/A N/A N/A NAV/Unit RM No. Security Name No. Asset/ Sector Name Size RM mil 1 TENAGA NASIONAL BHD TRADING/SERVICES 28.7 Units In Circulation mil 2 PETRONAS CHEMICALS GROUP BHD INDUSTRIAL PRODUCTS 22.3 Launch Date 30 Jun PETRONAS GAS BHD FOREIGN 13.5 Inception Date 20 Jul TELEKOM MALAYSIA BHD CASH INSTRUMENT 11.9 Financial Year 31 May 5 NAN YA PLASTICS CORP CONSTRUCTION 8.5 Currency MYR 6 CONSUMER PRODUCTS 5.9 Management Fee Up to 1.5% of NAV p.a. HIGHEST & LOWEST NAV 7 PLANTATIONS 4.1 Trustee Fee Up to 0.06% of NAV 8 PROPERTIES 2.4 Sales Charge Up to 5.5% of NAV per unit 9 TECHNOLOGY INFRASTRUCTURE FTSE Bursa Malaysia Emas Shariah Index and 5 CIMB Bank 12-month Fixed 74.6 Return Income Accounti (FRIA-i) Fixed Maturity Distribution (Sen) CASH INSTRUMENT 11.9 Distribution Yield (%) HONG KONG 10.1 rate 4 TAIWAN Since Inception 2017