Growth & Income Fund Smart Investment Choice for Constant Capital Growth Fund Factsheet 31 January 2017

Transcription

1 Smart Investment Choice for Constant Capital Growth Fund Factsheet 31 January 2017 The fund's objective is to provide a balance between income and *long-term capital appreciation. INVESTOR PROFILE The fund is suitable for all investors who are seeking a fully managed and balanced portfolio of investments and who have a *long-term investment horizon. * ( long term - a period of more than 5 years) FUND DETAILS AS AT 31 JANUARY 2017 Fund Inception : 19 September 1994 : 30 September Unit In Circulation : Million Unit NAV : RM Fund Category : Initial Sales Charge : Up to 5.0% of NAV per unit (not inclusive of GST) Annual Management Fee : 1.50% of NAV Benchmark : 50% of FBM KLCI : 50% Maybank 12 Months Fixed Deposit Rate : Min. 40% Max. 58% in equities : Min. 40% Max. 58% in fixed income securities : Min. 2% in liquid assets INVESTMENT COMMITTEE MEMBERS Tan Sri Abdul Wahid bin Omar (Chairman) Dato' Abdul Rahman bin Ahmad Dato' orizah binti Hj Abd Hamid Puan rlin binti Samad 3 Years Growth Total Return from 31 January 2014 to 31 January 2017 PERFORMANCE RECORD as at 31 January % 46% 50%. Cumulative Total Return as at 31 January 2017 Fund (%) Rank % of YTD (1 January January 2017) 2.44 Equities portfolio 1 - Month (31 December January 2017) Month (31 July January 2017) 1.24 Construction Year (31 January January 2017) / 23 Finance Year (31 January January 2017) / 22 Industrial Products Year (31 January January 2017) / 16 Infrastructure/IPC Year (31 January January 2017) / 16 Plantations Properties 0.10 Trading & Services High/Low Unit NAV (RM) TOTAL Highest Lowest 6 - Month (31 July January 2017) Year (31 January January 2017) Top 10 Largest Holdings 3 - Year (31 January January 2017) ) ANIH BERHAD Bond 5 - Year (31 January January 2017) ) MALAKOFF POWER BERHAD Bond 10 - Year (31 January January 2017) ) KUALA LUMPUR KEPONG BERHAD Bond Price as at 31 January 2017 RM ) BUMITAMA AGRICULTURE LIMITED Bond 5) SIME DARBY BERHAD Equity Income Distribution 6) TANJUNG BIN POWER SENDIRIAN BERHAD Bond Net (sen per unit) Yield (%) 7) CIMB BANK BERHAD Bond ) CIMB GROUP HOLDINGS BERHAD Equity ) TENAGA NASIONAL BERHAD Equity ) PUBLIC BANK BERHAD Equity 2016 (Interim) 1.43 Source: Lipper Based on the fund's portfolio returns as at 15 January 2017, the Volatility Factor (VF) for this fund is 4.6 and its Volatility Class (VC) is classified as "Low" (source: Lipper). "Low" includes funds with VF that are between 1.8 to 6.0 (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 cum-distribution NAV to ex-distribution NAV. Investments in the fund is exposed to equity specific risk, credit and default risk, and interest rate risk. Units will only be issued on receipt of anapplication form referred to and accompanying the Prospectus which can be obtained at Amanah Mutual Berhad and any distribution channels as mentioned in the Prospectus. /2535 Page 1 of 2

2 Smart Investment Choice for Constant Capital Growth Fund Review as at 31 January 2017 The fund's objective is to provide a balance between appreciation. RATING INVESTOR PROFILE The fund is suitable for all investors who are seeking a fully managed and balanced portfolio of investments and who have a* long-term investment horizon. * ( long term - a period of more than 5 years) 3- Year 5-Year Lipper Total Return 3 3 Lipper Consistent Return 3 3 Lipper Preservation Return 4 4 REVIEW Manager s Comments Equity The FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBMKLCI) rebounded by 1.8% in January as local funds deployed their excess cash to reposition for the new year. Corporate news on Malaysian Government Linked Companies (GLC) reforms particularly Permodalan Nasional Berhad (PNB) related companies have increased optimism that the GLC restructuring is gathering momentum. We maintain the view that the local market will remain choppy and will trade between 1,650-1,750 points with a slight upward bias. Potential positive catalysts are: 1) fourth quater of 2016 earnings season does not disappoint, followed by earnings upgrades for 2017; 2) further evidence of corporate exercise on GLC restructuring to unlock values; and 3) speculation of early elections. Foreign investors remain very underweight Malaysia and from a valuation and currency perspective, Malaysia remains fairly compelling. picking is key and any dips from global macro concerns are buying opportunities. Stock We have recently upgraded plantations to an overweight and continue to be constructive on companies that will benefit from the GLC restructuring theme in sectors such as Telecommunications, Plantations and Services sectors. We continue to seek growth ideas in the aviation and tourismrelated sectors. Fixed Income The recent better than expected United States (US) economic data has supported the case for the US Federal Reserve to continue with its interest rate normalization. 10-year US Treasury touched a high of 2.50% in January with the market expecting up to 3 rate hikes in We expect the first hike of the year to be in June. President Donald J.Trump (Trump) has been sworn in and the market will be watching his policies closely. He has issued several executive orders but it remains to be seen if he can enact his economic policies. The US Dollar (USD) has retreated with Trump talking down the dollar stating it was too strong. Further weakening of the USD should bode well for emerging markets. Europe will have several elections in 2017, adding to the uncertain market conditions due to possible regime changes. Supply for Malaysia Government Securities (MGS)/Government Investment Issues (GII) issuances is forecasted to be heavier on the medium and longer tenors indicating a possible bear steepening of the MGS/GII curve. We expect RM8.75 billion and RM10.5 billion of MGS and GII to mature in February 2017 and March 2017, respectively, which will provide liquidity to the new issuances. The still high foreign ownership in MGS is a cause for concern. However, foreign outflows have stabilized since the large capital flight seen in vember. Foreigners have already underweighted the Malaysian market in recent months and this may put a cap on large sell offs in the near term. Despite the recent rally in sovereign market in December 2016 and January 2017, the MGS and GII valuations are still relatively attractive taking into consideration our outlook that Overnight Policy Rate (OPR) will stay unchanged for Benchmark MGS and GII are currently trading above the 3-year and 5-year average spread. We expect corporate bond spreads to move wider with new issuances coming into the market. Currently, shorter maturity corporate bonds are more attractive than longer maturity corporate bond spreads-wise. We will be looking to put money to work in MGS and GIIs with preference on the short to medium tenors. We will be cautious as the large and more frequent 2017 MGS/GII issuances could see longer dated yields remain elevated. We will participate in the MGS/GII auctions for opportunistic trade based on attractive valuations. We also propose to switch into re-priced short to medium lower rated corporate bonds from the primary and secondary market for yield pickup. 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, and interest rate 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. /2535 Page 2 of 2

3 Smart Investment Choice for Constant Capital Growth Fund Factsheet 28 February 2017 The fund's objective is to provide a balance between income and *long-term capital appreciation. INVESTORS' PROFILE The fund is suitable for all investors who are seeking a fully managed and balanced portfolio of investments and who have a *long-term investment horizon. *(long term - a period of more than 5 years) FUND DETAILS AS AT 28 FEBRUARY 2017 Fund Inception : 19 September 1994 : 30 September Unit In Circulation : Million Unit NAV : RM Fund Category : Initial Sales Charge : Up to 5.0% of NAV per unit (not inclusive of GST) Annual Management Fee : 1.50% of NAV Benchmark : 50% of FBM KLCI : 50% Maybank 12 Months Fixed Deposit Rate : Min. 40% Max. 58% in equities : Min. 40% Max. 58% in fixed income securities : Min. 2% in liquid assets INVESTMENT COMMITTEE MEMBERS Tan Sri Abdul Wahid bin Omar (Chairman) Dato' Abdul Rahman bin Ahmad Dato' orizah binti Hj Abd Hamid Puan rlin binti Samad 3 Years Growth Total Return from 28 February 2014 to 28 February 2017 PERFORMANCE RECORD as at 28 February % 48% 45%. Cumulative Total Return as at 28 February 2017 Fund (%) Rank Equities % of portfolio YTD (1 January February 2017) 1.72 Construction Month (31 January February 2017) 0.76 Finance Month (31 August February 2017) 0.84 Industrial Products Year (29 February February 2017) / 23 Infrastructure/IPC Year (28 February February 2017) / 22 Plantations Year (29 February February 2017) / 16 Properties Year (28 February February 2017) / 16 Trading & Services TOTAL High/Low Unit NAV (RM) High Low 6 - Month (31 August February 2017) Top 10 Largest Holdings 1 - Year (29 February February 2017) ) ANIH BERHAD Bond 3 - Year (28 February February 2017) ) MALAKOFF POWER BERHAD Bond 5 - Year (29 February February 2017) ) KUALA LUMPUR KEPONG BERHAD Bond 10 - Year (28 February February 2017) ) TANJUNG BIN POWER SENDIRIAN BERHAD Bond Price as at 28 February 2017 RM ) BUMITAMA AGRICULTURE LIMITED Bond 6) MALAYAN BANKING BERHAD Equity 7) SIME DARBY BERHAD Equity Income Distribution 8) BANK ISLAM MALAYSIA BERHAD Bond Net (sen per unit) Yield (%) 9) CIMB GROUP HOLDINGS BERHAD Equity ) TENAGA NASIONAL BERHAD Equity (Interim) 1.43 Source : Lipper for Investment Management Based on the fund's portfolio returns as at 15 February 2017, the Volatility Factor (VF) for this fund is 4.7 and its Volatility Class (VC) is classified as "Low" (source: Lipper). "Low" includes funds with VF that are between 1.8 to 6.0 (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 cumdistribution NAV to ex-distribution NAV. Investments in the fund is exposed to equity specific risk, credit and default risk, and interest rate 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

4 Smart Investment Choice for Constant Capital Growth Fund Review as at 28 February 2017 The fund's objective is to provide a balance between appreciation. INVESTORS' PROFILE The fund is suitable for all investors who are seeking a fully managed and balanced portfolio of investments and who have a* long-term investment horizon. *(long term - a period of more than 5 years) RATING 3- Year 5-Year Lipper Total Return 3 3 Lipper Consistent Return 3 4 Lipper Preservation Return 4 4 Manager s Comments REVIEW Equity The Kuala Lumpur Composite Index (KLCI) rallied further by 1.33% in February led by inflows from foreign funds. Government-linked companies (GLC) restructuring remains a key theme as UMW Holdings Berhad and Sime Darby Group led gainers for the consumer discretionary and industrial sectors. The local market remains well bid with bullish undertones led by foreign flows that remain very underweight on Malaysia. Year-to-date foreign inflows continued to trend higher with inflows amounting to USD293 million. We anticipate that corrections would be shallow and the market is likely to scale to 1,750 in the short term. Fourth quarter of 2016 earnings season has just ended in a mixed bag, but the earnings revision ratio remains much higher than in the previous quarter, indicating very low earnings expectations. We anticipate upgrades will continue to drive the market higher. Sector rotation remains a key strategy and we have started to rotate towards more cyclical sectors like oil and gas, banks, consumer discretionary and aviation in anticipation of a cyclical economic recovery in Malaysia. GLC restructuring and e-commerce plays remain as core holdings in our portfolios. Fixed Income The Federal Reserve (FED) increasingly seems intent on tightening in March. FED officials have been supportive of a hike in their public remarks and the market is now pricing in around a 90% chance for a rate hike in the Federal Open Market Committee (FOMC) meeting in middle March, up from below 50% in middle February. The recent positive surprises in United States (US) survey data (ISMs, consumer sentiment, business confidence) has also supported the case for the FED to continue with its interest rate normalization in a faster pace. The market will be watching closely on the upcoming five FED speeches including FED Chair Yellen, the employment report and any upward revision in the FED dot plot. Malaysia market participants will be focused on the upcoming Monetary Policy Committee (MPC) meeting to be held on 2nd March Though consensus expects Bank Negara Malaysia (BNM) to maintain the policy rate, the market is likely to scrutinize the MPC statement closely for any signs of monetary policy changes in the near term. We expect BNM to maintain Overnight Policy Rate (OPR) at 3.00%. Apart from that, assessment on growth, trade numbers and inflation will be another key focus. In March there will be a large RM10.5 billion maturity of 3.394% 3/15/2017 Malaysia Government Securities (MGS) and thereafter the next maturity will be in June. Reinvestment by real money investors should provide some support to the sovereign market. The market will be watching the three auctions in March which will be the new on-the-run issues for the benchmark tenors. The still high foreign ownership in the local sovereign bonds is a cause for concern. However, we note that foreigners have already underweighted the Malaysian market in recent months and this may put a cap on future large sell-offs. We expect local investors will continue to be the major support with limited foreign inflow in the near term. netheless, we will monitor the pace of fund flows in the market and the potential of rate hikes in the US that could be prompt more outflow of offshore funds. We expect the market to be volatile and investors to adopt a cautious stance in the near term ahead of further news on President Donald J. Trump s (President Trump) budget and tax plans, the FOMC meeting slated for middle March, as well as the sizeable MGS maturities in March. In view of the large supply of sovereign and corporate bonds in the pipeline, we will raise cash by taking profit on existing holdings and participate in new benchmark government auctions and primary corporate issuances opportunistically where we see value. In the corporate bond space, we will focus on corporate bonds from the primary and secondary market that offer better spreads. netheless, we remain aware of rising risks of rating downgrades and defaults in the credit market and will overweight fundamentals in our portfolio activities. 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, and interest rate 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 Smart Investment Choice for Constant Capital Growth Fund Factsheet 31 March 2017 The fund's objective is to provide a balance between income and *long-term capital appreciation. INVESTORS' PROFILE The fund is suitable for all investors who are seeking a fully managed and balanced portfolio of investments and who have a *long-term investment horizon. *(long term - a period of more than 5 years) FUND DETAILS AS AT 31 MARCH 2017 Launch Date : 19 September 1994 : 30 September Unit In Circulation : Million Unit NAV : RM Fund Category : Initial Sales Charge : Up to 5.0% of NAV per unit (not inclusive of GST) Annual Management Fee : 1.50% of NAV Benchmark : 50% of FBM KLCI : 50% Maybank 12 Months Fixed Deposit Rate : Min. 40% Max. 58% in equities : Min. 40% Max. 58% in fixed income securities : Min. 2% in liquid assets INVESTMENT COMMITTEE MEMBERS Tan Sri Abdul Wahid bin Omar (Chairman) Dato' Abdul Rahman bin Ahmad Dato' orizah binti Hj Abd Hamid Puan rlin binti Samad 3 Years Growth Total Return from 31 March 2014 to 31 March 2017 PERFORMANCE RECORD as at 31 March % 51% 44%. Cumulative Total Return as at 31 March 2017 Fund (%) Rank Equities % of portfolio YTD (1 January March 2017) 3.73 Construction Month (28 February March 2017) 1.98 Finance Month (30 September March 2017) 3.00 Industrial Products Year (31 March March 2017) / 23 Infrastructure/IPC Year (31 March March 2017) / 22 Plantations Year (31 March March 2017) / 16 Properties Year (31 March March 2017) / 16 Trading & Services TOTAL High/Low Unit NAV (RM) High Low 6 - Month (30 September March 2017) Year (31 March March 2017) Top 10 Largest Holdings 3 - Year (31 March March 2017) ) ANIH BERHAD BOND 5 - Year (31 March March 2017) ) MALAKOFF POWER BERHAD BOND 10 - Year (31 March March 2017) ) KUALA LUMPUR KEPONG BERHAD BOND Price as at 31 March 2017 RM ) TANJUNG BIN POWER SENDIRIAN BERHAD BOND 5) BUMITAMA AGRICULTURE LIMITED BOND Income Distribution 6) MALAYAN BANKING BERHAD EQUITY Net (sen per unit) Yield (%) 7) CIMB GROUP HOLDINGS BERHAD EQUITY ) BANK ISLAM MALAYSIA BERHAD BOND ) SIME DARBY BERHAD EQUITY ) TENAGA NASIONAL BERHAD EQUITY 2016 (Interim) 1.43 Source : Lipper for Investment Management Based on the fund's portfolio returns as at 15 March 2017, the Volatility Factor (VF) for this fund is 4.7 and its Volatility Class (VC) is classified as "Low" (source: Lipper). "Low" includes funds with VF that are between 1.8 to 6.0 (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 cumdistribution NAV to ex-distribution NAV. Investments in the fund is exposed to equity specific risk, credit and default risk, and interest rate 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.

6 30 APRIL 2017 Objective 3 Years Growth Total Return from 30 April 2014 to 30 April 2017 Income Distribution appreciation *(long term - a period of more than 5 years) Launch Date 2016 (Interim) Million 6 - Month (31 October April 2017) Year (30 April April 2017) Unit NAV 3 - Year (30 April April 2017) RM Year (30 April April 2017) Cumulative Total Return as at 30 April 2017 Top 10 Largest Holdings 10 - Year (30 April April 2017) Initial Sales Charge YTD (1 January April 2017) MALAKOFF POWER BERHAD BOND 41% Up to 5.00% of NAV per unit 1 - Month (31 March April 2017) KUALA LUMPUR KEPONG BERHAD BOND (not inclusive of GST) 6 - Month (31 October April 2017) % 4 TANJUNG BIN POWER SENDIRIAN BERHAD BOND 1 - Year (30 April April 2017) / 23 5 MALAYAN BANKING BERHAD EQUITY Annual Management Fee 3 - Year (30 April April 2017) / 22 6 BUMITAMA AGRICULTURE LIMITED BOND 1.50% of NAV 5 - Year (30 April April 2017) / 16 7 TENAGA NASIONAL BERHAD EQUITY 10 - Year (30 April April 2017) / 16 8 BANK ISLAM MALAYSIA BERHAD BOND Benchmark 9 SIME DARBY BERHAD EQUITY 50% of the performance of the 10 PUBLIC BANK BERHAD EQUITY 6% Based on the fund's portfolio returns as at 15 April 2017, the Volatility Factor (VF) for this fund is 4.8 and its Volatility Class (VC) is classified as "Low" (source: Lipper). "Low" includes funds with VF that are between 1.8 to 6.0 (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 cum-distribution NAV to ex-distribution NAV. Investments in the fund is exposed to equity specific risk, credit and default risk, and interest rate 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.

7 31 MAY 2017 Objective 3 Years Growth Total Return from 31 May 2014 to 31 May 2017 Income Distribution appreciation *(long term - a period of more than 5 years) Launch Date 2016 (Interim) Million 6 - Month (30 vember May 2017) Year (31 May May 2017) Unit NAV 3 - Year (31 May May 2017) RM Year (31 May May 2017) Cumulative Total Return as at 31 May 2017 Top 10 Largest Holdings 10 - Year (31 May May 2017) Initial Sales Charge YTD (1 January May 2017) MALAKOFF POWER BERHAD BOND 44% Up to 5.00% of NAV per unit 1 - Month (30 April May 2017) KUALA LUMPUR KEPONG BERHAD BOND (not inclusive of GST) 6 - Month (30 vember May 2017) % 4 MALAYAN BANKING BERHAD EQUITY 1 - Year (31 May May 2017) / 24 5 TANJUNG BIN POWER SENDIRIAN BERHAD BOND Annual Management Fee 3 - Year (31 May May 2017) / 22 6 BUMITAMA AGRICULTURE LIMITED BOND 1.50% of NAV 5 - Year (31 May May 2017) / 16 7 TENAGA NASIONAL BERHAD EQUITY 10 - Year (31 May May 2017) / 16 8 CIMB GROUP HOLDINGS BERHAD EQUITY Benchmark 9 BANK ISLAM MALAYSIA BERHAD BOND 50% of the performance of the 10 SIME DARBY BERHAD EQUITY Based on the fund's portfolio returns as at 15 May 2017, the Volatility Factor (VF) for this fund is 4.8 and its Volatility Class (VC) is classified as "Low" (source: Lipper). "Low" includes funds with VF that are between 1.8 to 6.0 (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 cum-distribution NAV to ex-distribution NAV. Investments in the fund is exposed to equity specific risk, credit and default risk, and interest rate 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. 3%

8 30 JUNE 2017 Objective 3 Years Growth Total Return from 30 June 2014 to 30 June 2017 Income Distribution appreciation *(long term - a period of more than 5 years) Launch Date 2016 (Interim) Million 6 - Month (31 December June 2017) Year (30 June June 2017) Unit NAV 3 - Year (30 June June 2017) RM Year (30 June June 2017) Cumulative Total Return as at 30 June 2017 Top 10 Largest Holdings 10 - Year (30 June June 2017) Initial Sales Charge YTD (1 January June 2017) MALAKOFF POWER BERHAD BOND 44% Up to 5.00% of NAV per unit 1 - Month (31 May June 2017) KUALA LUMPUR KEPONG BERHAD BOND (not inclusive of GST) 6 - Month (31 December June 2017) % 4 MALAYAN BANKING BERHAD EQUITY 1 - Year (30 June June 2017) / 25 5 TANJUNG BIN POWER SENDIRIAN BERHAD BOND Annual Management Fee 3 - Year (30 June June 2017) / 23 6 BUMITAMA AGRICULTURE LIMITED BOND 1.50% of NAV 5 - Year (30 June June 2017) / 17 7 TENAGA NASIONAL BERHAD EQUITY 10 - Year (30 June June 2017) / 17 8 CIMB GROUP HOLDINGS BERHAD EQUITY Benchmark 9 PUBLIC BANK BERHAD EQUITY 50% of the performance of the 10 BANK ISLAM MALAYSIA BERHAD BOND Based on the fund's portfolio returns as at 15 June 2017, the Volatility Factor (VF) for this fund is 4.8 and its Volatility Class (VC) is classified as "Low" (source: Lipper). "Low" includes funds with VF that are between 1.8 to 6.0 (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 cum-distribution NAV to ex-distribution NAV. Investments in the fund is exposed to equity specific risk, credit and default risk, and interest rate 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. 3%

9 31 JULY 2017 Objective 3 Years Growth Total Return from 31 July 2014 to 31 July 2017 Income Distribution appreciation *(long term - a period of more than 5 years) Launch Date 2016 (Interim) Million 6 - Month (31 January July 2017) Year (31 July July 2017) Unit NAV 3 - Year (31 July July 2017) RM Year (31 July July 2017) Cumulative Total Return as at 31 July 2017 Top 10 Largest Holdings 10 - Year (31 July July 2017) Initial Sales Charge YTD (1 January July 2017) MALAKOFF POWER BERHAD BOND 44% Up to 5.00% of NAV per unit 1 - Month (30 June July 2017) KUALA LUMPUR KEPONG BERHAD BOND (not inclusive of GST) 6 - Month (31 January July 2017) % 4 MALAYAN BANKING BERHAD EQUITY 1 - Year (31 July July 2017) / 25 5 TANJUNG BIN POWER SENDIRIAN BERHAD BOND Annual Management Fee 3 - Year (31 July July 2017) / 23 6 BUMITAMA AGRICULTURE LIMITED BOND 1.50% of NAV 5 - Year (31 July July 2017) / 17 7 TENAGA NASIONAL BERHAD EQUITY 10 - Year (31 July July 2017) / 17 8 PUBLIC BANK BERHAD EQUITY Benchmark 9 BANK ISLAM MALAYSIA BERHAD BOND 50% of the performance of the 10 SIME DARBY BERHAD EQUITY Based on the fund's portfolio returns as at 15 July 2017, the Volatility Factor (VF) for this fund is 4.8 and its Volatility Class (VC) is classified as "Low" (source: Lipper). "Low" includes funds with VF that are between 1.9 to 6.2 (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, the First Supplementary Master Prospectus for Conventional Funds dated 17 July 2017, and the Product Highlight Sheet (PHS) before investing. These Prospectuses 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, and interest rate risk. Units will only be issued on receipt of an application form referred to and accompanying the Prospectuses which can be obtained at Amanah Mutual Berhad and any distribution channels as mentioned in the Prospectuses. 4%

10 31 AUGUST 2017 Objective 3 Years Growth Total Return from 31 August 2014 to 31 August 2017 Income Distribution appreciation *(long term - a period of more than 5 years) Launch Date 2016 (Interim) Million 6 - Month (28 February August 2017) Year (31 August August 2017) Unit NAV 3 - Year (31 August August 2017) RM Year (31 August August 2017) Cumulative Total Return as at 31 August 2017 Top 10 Largest Holdings 10 - Year (31 August August 2017) Initial Sales Charge YTD (1 January August 2017) MALAKOFF POWER BERHAD BOND 44% Up to 5.00% of NAV per unit 1 - Month (31 July August 2017) KUALA LUMPUR KEPONG BERHAD BOND (not inclusive of GST) 6 - Month (28 February August 2017) % 4 TANJUNG BIN POWER SENDIRIAN BERHAD BOND 1 - Year (31 August August 2017) / 25 5 BUMITAMA AGRICULTURE LIMITED BOND Annual Management Fee 3 - Year (31 August August 2017) / 23 6 MALAYAN BANKING BERHAD EQUITY 1.50% of NAV 5 - Year (31 August August 2017) / 17 7 TENAGA NASIONAL BERHAD EQUITY 10 - Year (31 August August 2017) / 17 8 PUBLIC BANK BERHAD EQUITY Benchmark 9 BANK ISLAM MALAYSIA BERHAD BOND 50% of the performance of the 10 GAMUDA BERHAD EQUITY Based on the fund's portfolio returns as at 15 Aug 2017, the Volatility Factor (VF) for this fund is 4.8 and its Volatility Class (VC) is classified as "Low" (source: Lipper). "Low" includes funds with VF that are between 1.9 to 6.2 (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, the First Supplementary Master Prospectus for Conventional Funds dated 17 July 2017, and the Product Highlight Sheet (PHS) before investing. These Prospectuses 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, and interest rate risk. Units will only be issued on receipt of an application form referred to and accompanying the Prospectuses which can be obtained at Amanah Mutual Berhad and any distribution channels as mentioned in the Prospectuses. 5%

11 30 SEPTEMBER 2017 Objective 3 Years Growth Total Return from 30 September 2014 to 30 September 2017 Income Distribution appreciation. *(long term - a period of more than 5 years) (Interim) 1.43 Launch Date Million 6 - Month (31 March September 2017) Year (30 September September 2017) Unit NAV 3 - Year (30 September September 2017) RM Year (30 September September 2017) Year (30 September September 2017) Cumulative Total Return as at 30 September 2017 Top 10 Largest Holdings 5% Initial Sales Charge YTD (1 January September 2017) MALAKOFF POWER BERHAD BOND 45% Up to 5.00% of NAV per unit 1 - Month (30 August September 2017) KUALA LUMPUR KEPONG BERHAD BOND (not inclusive of GST) 6 - Month (31 March September 2017) % 4 TANJUNG BIN POWER SENDIRIAN BERHAD BOND 1 - Year (30 September September 2017) / 25 5 BUMITAMA AGRICULTURE LIMITED BOND Annual Management Fee 3 - Year (30 September September 2017) / 23 6 MALAYAN BANKING BERHAD EQUITY 1.50% of NAV 5 - Year (30 September September 2017) / 17 7 TENAGA NASIONAL BERHAD EQUITY 10 - Year (30 September September 2017) / 17 8 PUBLIC BANK BERHAD EQUITY Benchmark 9 BANK ISLAM MALAYSIA BERHAD BOND 50% of the performance of the 10 SIME DARBY BERHAD EQUITY Based on the fund's portfolio returns as at 15 September 2017, the Volatility Factor (VF) for this fund is 4.7 and its Volatility Class (VC) is classified as "Low" (source: Lipper). "Low" includes funds with VF that are between 1.9 to 6.2 (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 2017, and the Product Highlight Sheet before investing. This 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, and interest rate 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.

12 31 OCTOBER 2017 Objective 3 Years Growth Total Return from 31 October 2014 to 31 October 2017 Income Distribution appreciation. *(long term - a period of more than 5 years) (Interim) 1.43 Launch Date Million 6 - Month (30 April October 2017) Year (31 October October 2017) Unit NAV 3 - Year (31 October October 2017) RM Year (31 October October 2017) Year (31 October October 2017) Cumulative Total Return as at 31 October 2017 Top 10 Largest Holdings in Bond/Equity Initial Sales Charge YTD (1 January October 2017) MALAKOFF POWER BERHAD BOND 45% Up to 5.00% of NAV per unit 1 - Month (30 September October 2017) KUALA LUMPUR KEPONG BERHAD BOND (not inclusive of GST) 6 - Month (30 April October 2017) % 4 TANJUNG BIN POWER SENDIRIAN BERHAD BOND 1 - Year (31 October October 2017) / 25 5 BUMITAMA AGRICULTURE LIMITED BOND Annual Management Fee 3 - Year (31 October October 2017) / 23 6 MALAYAN BANKING BERHAD EQUITY 1.50% of NAV 5 - Year (31 October October 2017) / 17 7 TENAGA NASIONAL BERHAD EQUITY 10 - Year (31 October October 2017) / 17 8 BANK ISLAM MALAYSIA BERHAD BOND Benchmark 9 SIME DARBY BERHAD EQUITY 50% of the performance of the 10 PUBLIC BANK BERHAD EQUITY Based on the fund's portfolio returns as at 15 October 2017, the Volatility Factor (VF) for this fund is 4.7 and its Volatility Class (VC) is classified as "Low" (source: Lipper). "Low" includes funds with VF that are between 1.9 to 6.2 (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 2017, and the Product Highlight Sheet before investing. This 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, and interest rate 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. 2%

13 30 NOVEMBER 2017 Objective 3 Years Growth Total Return from 30 vember 2014 to 30 vember 2017 Income Distribution appreciation. *(long term - a period of more than 5 years) (Interim) 1.43 Launch Date Million 6 - Month (31 May vember 2017) Year (30 vember - 30 vember 2017) Unit NAV 3 - Year (30 vember vember 2017) RM Year (30 vember vember 2017) Year (30 vember vember 2017) Cumulative Total Return * as at 30 vember 2017 Top 10 Largest Holdings in Bond/Equity Initial Sales Charge YTD (1 January vember 2017) MALAKOFF POWER BERHAD BOND 46% Up to 5.00% of NAV per unit 1 - Month (30 September vember 2017) KUALA LUMPUR KEPONG BERHAD BOND 52% (not inclusive of GST) 6 - Month (31 May vember 2017) TANJUNG BIN POWER SENDIRIAN BERHAD BOND 1 - Year (30 vember - 30 vember 2017) / 25 5 BUMITAMA AGRICULTURE LIMITED BOND Annual Management Fee 3 - Year (30 vember vember 2017) / 23 6 MALAYAN BANKING BERHAD BOND 1.50% of NAV 5 - Year (30 vember vember 2017) / 19 7 TENAGA NASIONAL BERHAD EQUITY 10 - Year (30 vember vember 2017) / 17 8 BANK ISLAM MALAYSIA BERHAD BOND Benchmark 9 CIMB GROUP HOLDINGS BERHAD EQUITY 50% of the performance of the * Based on portfolio only 10 MALAYSIA AIRPORT HOLDINGS BERHAD EQUITY Based on the fund's portfolio returns as at 15 vember 2017, the Volatility Factor (VF) for this fund is 4.7 and its Volatility Class (VC) is classified as "Low" (source: Lipper). "Low" includes funds with VF that are between 1.9 to 6.2 (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 2017, and the Product Highlight Sheet before investing. This 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, and interest rate 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. 2%

14 31 DECEMBER 2017 Objective 3 Years Growth Total Return from 31 December 2014 to 31 December 2017 Income Distribution appreciation. *(long term - a period of more than 5 years) (Interim) 1.43 Launch Date Million 6 - Month (30 June December 2017) Year (31 December - 31 December 2017) Unit NAV 3 - Year (31 December December 2017) RM Year (31 December December 2017) Year (31 December December 2017) Cumulative Total Return * as at 31 December 2017 Top 10 Largest Holdings in Bond/Equity Initial Sales Charge YTD (1 January December 2017) KUALA LUMPUR KEPONG BERHAD BOND 39% Up to 5.00% of NAV per unit 1 - Month (30 vember December 2017) TENAGA NASIONAL BERHAD EQUITY (not inclusive of GST) 6 - Month (30 June December 2017) % 4 MALAYAN BANKING BERHAD EQUITY 1 - Year (31 December - 31 December 2017) / 25 5 TANJUNG BIN POWER SENDIRIAN BERHAD BOND Annual Management Fee 3 - Year (31 December December 2017) / 23 6 BUMITAMA AGRICULTURE LIMITED BOND 1.50% of NAV 5 - Year (31 December December 2017) / 20 7 CIMB GROUP HOLDINGS BERHAD EQUITY 10 - Year (31 December December 2017) / 17 8 BANK ISLAM MALAYSIA BERHAD BOND Benchmark 9 MALAYSIA AIRPORT HOLDINGS BERHAD EQUITY 50% of the performance of the * Based on portfolio only 10 SARAWAK ENERGY BERHAD BOND Based on the fund's portfolio returns as at 15 December 2017, the Volatility Factor (VF) for this fund is 4.7 and its Volatility Class (VC) is classified as "Low" (source: Lipper). "Low" includes funds with VF that are between 1.9 to 6.2 (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 2017, and the Product Highlight Sheet before investing. This 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, and interest rate 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. 2% Page 2