1 General Information 1. 2 Manager s Report 2. 3 Statement By The Manager Statement Of Comprehensive Income 11

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2 CONTENTS PAGE 1 General Information 1 2 Manager s Report 2 3 Statement By The Manager 10 4 Statement Of Comprehensive Income 11 5 Statement Of Financial Position 12 6 Statement Of Changes In Equity 14 7 Statement Of Cash Flows 15 8 Notes To The Financial Statements 16 9 Corporate Information 24 i

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4 1 GENERAL INFORMATION 1.1 THE TRUST MANULIFE The Fund commenced operations on 3 April 20 and will continue its operations until terminated as provided under Clause 25 of the Deed. 1.2 FUND TYPE / CATEGORY Income/Wholesale (Feeder) 1.3 BASE CURRENCY Singapore Dollar () 1.4 OBJECTIVE OF THE FUND The Fund seeks to provide income and capital appreciation by investing in one collective investment scheme, which invests primarily in fixed income or debt securities. Note: Any material change to the Fund s investment objective would require Unit Holders approval. 1.5 DISTRIBUTION POLICY Depending on the level of income (if any) the Fund generates, the Fund aims to distribute all or part of its distributable income on a quarterly basis. The payment of distributions, if any, from the Fund will vary from period to period depending on the market conditions, performance of the Fund and the Target Fund. The Manager has the right to make provisions for reserves in respect of distribution of the Fund. If the distribution available is too small or insignificant, any distribution may not be of benefit to the Unit Holders as the total cost to be incurred in any such distribution may be higher than the amount for distribution. The Manager has the discretion to decide on the amount to be distributed to the Unit Holders. 1.6 PERFORMANCE BENCHMARK There is no benchmark to measure the performance of the Target Fund is measured as there is no suitable benchmark that reflects the investment strategies of the Target Fund. 1.7 INVESTMENT STYLE AND STRATEGY The Fund will invest at least 95% of the Fund s NAV in share class B-QDis () of Manulife Funds Manulife Income Fund (the Target Fund ), while 2%-5% of the Fund s NAV will be invested in money market instruments (including fixed income securities which have remaining maturity period of less than 365 days) and placement of deposits with financial institutions for liquidity purposes. The Fund s portfolio will be closely monitored and rebalanced from time to time to ensure that the Fund s assets are allocated in accordance with its prescribed asset allocation. During the three-month financial period under review, there was no significant change in the state of the affairs of the Fund and there were no circumstances that materially affect any interest of the unit holders. 1

5 2 MANAGER S REPORT 2.1 FIRST QUARTER REPORT FOR THE FINANCIAL PERIOD ENDED 31 JULY 20 This is the first Quarter Report of the Fund for the financial period ended 31 July 20, and it covers the financial period from 13 March 20 (Launch date) to 31 July FUND PERFORMANCE For the three-month financial period ended 31 July 20, the Fund s return in Class decreased by 0.27%. The RM Hedged-Class was up by 0.34%, GBP Hedged-Class decreased by 0.49%, EUR Hedged-Class decreased by 0.71% and CNH Hedged-Class increased by 0.50% during the period. During the period, the Target Fund posted negative returns largely attributed to higher yields and wider corporate bond spreads, which were partially offset by positive carry. The graph below shows the performance of the Feeder Fund for the 3-month period ended 31 July 20 for all share classes: Class 0.0% -0.1% -0.2% -0.3% -0.4% -0.5% -0.6% -0.7% -0.8% Apr Fund Performance vs. Benchmark Index Return May Jun Manulife Income Fund - Class Jul RM Class Note: There are no data for the RM Class as the Fund has yet to receive any subscription. RM Hedged-Class 0.4% 0.3% 0.2% 0.1% 0.0% -0.1% -0.2% -0.3% -0.4% Apr Fund Performance vs. Benchmark Index Return May Jun Manulife Income Fund RM Hedged-Class Jul 2

6 GBP Hedged-Class 0.0% -0.1% -0.2% -0.3% -0.4% -0.5% -0.6% -0.7% -0.8% -0.9% Apr Fund Performance vs. Benchmark Index Return May Jun Manulife Income Fund GBP Hedged-Class Jul EUR Hedged-Class 0.0% -0.2% -0.4% -0.6% -0.8% -1.0% -1.2% Apr Fund Performance vs. Benchmark Index Return May Jun Manulife Income Fund EUR Hedged-Class Jul CNH Hedged-Class 0.6% 0.5% 0.4% 0.3% 0.2% 0.1% 0.0% Apr Fund Performance vs. Benchmark Index Return May Jun Manulife Income Fund CNH Hedged-Class Jul 3

7 Fund Size The Fund s total NAV is 1.97mil during the financial period under review. Fund s Returns (a) The graph below shows the performance of the Feeder Fund since commencement. Class 0.0% -0.1% -0.2% -0.3% -0.4% -0.5% -0.6% -0.7% -0.8% -0.9% Apr Fund Performance vs. Benchmark Index Return May Jun Manulife Income Fund - Class Jul RM Class Note: There are no data for the RM Class as the Fund has yet to receive any have subscription. RM Hedged-Class 0.0% -0.2% -0.4% -0.6% -0.8% -1.0% -1.2% Apr Fund Performance vs. Benchmark Index Return May Jun Manulife Income Fund RM Hedged-Class Jul 4

8 GBP Hedged-Class 0.0% -0.2% -0.4% -0.6% -0.8% -1.0% -1.2% -1.4% Apr Fund Performance vs. Benchmark Index Return May Jun Manulife Income Fund GBP Hedged-Class Jul EUR Hedged-Class 0.0% -0.5% -1.0% -1.5% -2.0% -2.5% Apr Fund Performance vs. Benchmark Index Return May Jun Manulife Income Fund EUR Hedged-Class Jul CNH Hedged-Class 0.6% 0.5% 0.4% 0.3% 0.2% 0.1% 0.0% Apr Fund Performance vs. Benchmark Index Return May Jun Manulife Income Fund CNH Hedged-Class Jul 5

9 (b) (i) Average Total Return of the Fund: Class For the period ended 31 July 20 Fund Benchmark Since commencement n.a n.a Commencement date: 3 April 20 Note: No annualised figures are available since the Fund has less than one year in operation. (ii) RM Class Note: There are no data for the RM Class as the Fund has yet to receive any subscription. (iii) RM Hedged-Class For the period ended 31 July 20 Fund Benchmark Since commencement n.a n.a Commencement date: 3 April 20 Note: No annualised figures are available since the Fund has less than one year in operation. (iv) GBP Hedged-Class For the period ended 31 July 20 Fund Benchmark Since commencement n.a n.a Commencement date: 3 April 20 Note: No annualised figures are available since the Fund has less than one year in operation. (v) EUR Hedged-Class For the period ended 31 July 20 Fund Benchmark Since commencement n.a n.a Commencement date: 3 April 20 Note: No annualised figures are available since the Fund has less than one year in operation. (vi) CNH Hedged-Class For the period ended 31 July 20 Fund Benchmark Since commencement n.a n.a Commencement date: 3 April 20 Note: Less than one year no annualised figures will be provided. 6

10 (c) (i) Annual Total Return of the Fund: Class For the period ended: Fund Benchmark Since commencement to 31 July 20 (0.35) n.a Commencement date: 3 April 20 (ii) RM Class Note: There are no data for the RM Class as the Fund has yet to receive any subscription. (iii) RM Hedged-Class For the period ended: Fund Benchmark Since commencement to 31 July 20 (0.46) n.a Commencement date: 3 April 20 (iv) GBP Hedged-Class For the period ended: Fund Benchmark Since commencement to 31 July 20 (0.87) n.a Commencement date: 3 April 20 (v) EUR Hedged-Class For the period ended: Fund Benchmark Since commencement to 31 July 20 (1.66) n.a Commencement date: 3 April 20 (vi) CNH Hedged-Class For the period ended: Fund Benchmark Since commencement to 31 July n.a Commencement date: 3 April 20 7

11 BASES OF CALCULATION 1. Net Asset Value (NAV) Net Asset Value of the Fund is determined by deducting the value of all the Fund s liabilities from the value of all the Fund s assets, at the valuation point. 2. Net Asset Value per unit Net Asset Value per unit is the net asset value of the Fund divided by the total number of units in circulation, at the valuation point. 3. Fund s Return Fund s return can be calculated based on the computation methods as follows: Daily Total Fund s Return = {[End NAV (Ex-distribution) - Beginning NAV + Dividend Distribution] / Beginning NAV} x 100% Total Fund s Return Average Total Return = Total Fund s return for the period is derived from geometrically linking together the daily total fund s returns. The linking formula is = [(1+ R 1 ) x (1+ R 2 ) x (1+ R n )] -1 where: R 1 is the first daily return for the period, R 2 is the second daily return for the period, and R n is the last daily return for the period. = Annualised Total Return (Actual number of days in a year/ [(1+ Total fund s return for the period) number of days during the period) -1] x 100% 2.3 MARKET REVIEW US treasury yields ended the second quarter of the year higher across the curve as the US economy maintained its positive growth trajectory amid further interest rate hikes by the US Federal Reserve (Fed). Singapore sovereign yields were also broadly higher on the back of better-than-expected economic data with both the externally-oriented and domestic economies picking up. Credit wise, both the Singapore dollar and Asian US dollar corporate spreads were broadly wider at the end of the second quarter. The Fed normalised further its monetary policy in the second quarter as it hiked the benchmark interest rate by 0.25% in June, taking it into the 1.75% - 2.0% range. In addition, the Fed continued to unwind its balance sheet, ceasing to reinvest capital from principal payments and proceeds. Trade disputes and rhetoric heated up in the second quarter with the Trump administration officially enacting tariffs on steel and aluminium imports from the European Union (EU). In retaliation, the EU targeted EUR2.8bn worth of US goods for extra tariffs. Political uncertainty continued unabated in the Eurozone with a Euro-sceptic government coming into power in Italy and German Chancellor Merkel narrowly avoiding a government collapse after reaching an eleventh-hour agreement on the ongoing migrant crisis. Closer to home, China s economy grew 6.8% year-on-year in the first quarter of 20. This was the third straight quarter of 6.8% growth rate for the world s second largest economy and was broadly in line with expectations. Manufacturing activity in China moderated in the latter part of the second quarter with the June purchasing managers index (PMI) falling to 51.5, below the forecast of In Singapore, the final data showed that the economy grew 4.4% in the first quarter of 20, roughly in line with consensus and a touch higher than 4Q17 s figure of 4.3%. Manufacturing and exports remained strong throughout the first quarter and was once again the primary driver of growth. In view of this, the Monetary Authority of Singapore (MAS) tightened policy in its April meeting by slightly increasing the slope of the policy band from zero percent previously. The mid-point and bandwidth of the Nomimal Effective Exchange Rate (NEER) remained unchanged. 8

12 2.4 PORTFOLIO PERFORMANCE REVIEW MANULIFE The Target Fund posted negative returns over the second quarter of the year largely attributed to higher yields and wider corporate bond spreads which were partially offset by positive carry. In terms of key portfolio changes over the quarter, we have decreased the Target Fund s risk profile by slightly lowering our high yield exposure amid the prevailing market volatility. As a result, the average quality of the Target Fund has improved one notch from BBB- to BBB. In addition, we have also reduced our exposure in issuers based in the European Union (EU) due to the ongoing geopolitical tensions in the region. 2.5 MARKET OUTLOOK AND INVESTMENT STRATEGY Global growth has diverged with the US economy continuing to tick along while Europe, China and Japan have all shown signs of moderating growth. We have seen the US economy posting strong growth figures amid a tightening labour market. Trade policies and disputes continue to be top of mind for investors and will weigh on the global economy going forward should a full-scale trade war materialise. We expect the US rate normalisation cycle to continue at a measured pace that has transpired so far. On valuations, we continue to see value in spreads after widening further over the past quarter and believe this provides select opportunities from a value based perspective. Yields on Asian credits are still attractive from a medium term perspective. We believe this is justified by strong regional growth and solid credit fundamentals of select Asian credit issuers and sovereigns. Thus, investors should continue to remain focused on bottom-up fundamentals. Singapore continues to benefit from improvements in exports and manufacturing with data also showing that the domestic economy has picked up further in the second quarter of 20. gross domestic product (GDP) growth estimates have been revised tighter into the 2.5%- 3.5% range from 1.5%-3.5% earlier in the year. We forecast Singapore s 20 growth to be in the range of 3.0% 3.5%, with headline inflation to print between 0% and 1%. 9

13 3 STATEMENT BY THE MANAGER We, Edmond Cheah Swee Leng and Chong Soon Min, being two of the Directors of Manulife Asset Management Services Berhad (the Manager ), do hereby state that, in the opinion of the Manager, the unaudited financial statements comprising the statement of comprehensive income, statement of financial position, statement of changes in equity, statement of cash flows, summary of significant accounting policies and notes to the financial statements, are drawn up in accordance with the provisions of the Deeds and give a true and fair view of the financial position of the Fund as at 31 July 20 and of its financial performance, changes in equity and cash flows of the Fund for the three months financial period from 13 March 20 to 31 July 20 in accordance with the Malaysian Financial Reporting Standards ( MFRS ) and the International Financial Reporting Standards ( IFRS ). For and on behalf of the Manager MANULIFE ASSET MANAGEMENT SERVICES BERHAD EDMOND CHEAH SWEE LENG Director CHONG SOON MIN Director Kuala Lumpur 20 September 20 10

14 4 STATEMENT OF COMPREHENSIVE INCOME FOR THE THREE MONTHS FINANCIAL PERIOD FROM 13 MARCH 20 (LAUNCH DATE) TO 31 JULY 20 Note from to INVESTMENT LOSS Interest income 164 Net loss on financial assets at fair value through profit or loss 6 (4,163) Net foreign currency exchange loss (30,707) (34,706) EXPENSES Manager s fee 3 5,510 Trustee s fee Auditors remuneration 778 Tax agent s fee 362 Other expenses 1,290 8,160 LOSS BEFORE TAXATION (42,866) TAXATION 5 - LOSS AFTER TAXATION AND TOTAL COMPREHENSIVE LOSS (42,866) Loss after taxation is made up as follows: Realised (38,703) Unrealised (4,163) (42,866) The accompanying summary of significant accounting policies and notes to the financial statements form an integral part of these financial statements. 11

15 5 STATEMENT OF FINANCIAL POSITION AS AT 31 JULY 20 Note from to ASSETS Financial assets at fair value through profit or loss 6 1,879,337 Amount due from Manager 6 13,312 Amount due from stockbrokers 6 Cash and cash equivalents 7 85,913 TOTAL ASSETS 1,978,580 LIABILITIES Amount due to Manager - Manager s fee 1,661 Forward foreign currency contracts 4,156 Amount due to Trustee 66 Other payables 8 1,726 TOTAL LIABILITIES 7,609 NET ASSET VALUE ( NAV ) OF THE FUND 1,970,971 EQUITY Unit holders capital 2,013,837 Accumulated lossess (42,866) 1,970,971 NET ASSETS ATTRIBUTABLE TO UNIT HOLDERS 2 1,970,971 NET ASSETS ATTRIBUTABLE TO UNIT HOLDERS - CLASS 386,917 - RM CLASS - - RM HEDGED-CLASS 474,886 - GBP HEDGED-CLASS 49,950 - EUR HEDGED-CLASS 778,819 - CNH HEDGED-CLASS 280,399 1,970,971 The accompanying summary of significant accounting policies and notes to the financial statements form an integral part of these financial statements. 12

16 5 STATEMENT OF FINANCIAL POSITION (CONTINUED) AS AT 31 JULY 20 Note from to UNITS IN CIRCULATION - CLASS 9 388,285 - RM CLASS RM HEDGED-CLASS 9 1,426,521 - GBP HEDGED-CLASS 9 28,235 - EUR HEDGED-CLASS 9 497,493 - CNH HEDGED-CLASS 9 1,393,814 3,734,348 NAV PER UNIT IN RESPECTIVE CURRENCIES - CLASS RM CLASS (Initial offer price) RM HEDGED-CLASS GBP HEDGED-CLASS EUR HEDGED-CLASS CNH HEDGED-CLASS The accompanying summary of significant accounting policies and notes to the financial statements form an integral part of these financial statements. 13

17 6 STATEMENT OF CHANGES IN EQUITY FOR THE THREE MONTHS FINANCIAL PERIOD FROM 13 MARCH 20 (LAUNCH DATE) TO 31 JULY 20 Unit holders Accumulated capital lossess Total BALANCE AS AT 13 MARCH 20 (LAUNCH DATE) Movement in unit holders contribution: Creation of units 2,014,209-2,014,209 Cancellation of units (372) - (372) Total comprehensive loss for the period - (42,866) (42,866) BALANCE AS AT 31 JULY 20 2,013,837 (42,866) 1,970,971 The accompanying summary of significant accounting policies and notes to the financial statements form an integral part of these financial statements. 14

18 7 STATEMENT OF CASH FLOWS FOR THE THREE MONTHS FINANCIAL PERIOD FROM 13 MARCH 20 (LAUNCH DATE) TO 31 JULY 20 Note from to CASH FLOWS FROM OPERATING ACTIVITIES Proceeds from sale of investments 955,595 Purchase of investments (2,828,576) Net realised foreign exchange loss (26,551) Interest income received 164 Manager's fee paid (3,850) Trustee's fee paid (154) Payment for other fees and expenses (721) Net cash used in operating activities (1,904,093) CASH FLOWS FROM FINANCING ACTIVITIES Proceeds from creation of units 1,987,585 Payments for cancellation of units (372) Net cash generated from financing activities 1,987,213 Net increase in cash and cash equivalents 83,120 Cash and cash equivalents at beginning of the financial period - Cash and cash equivalents at end of the financial period 7 85,913 Cash and cash equivalents comprise: Bank balances in a licensed bank 7 85,913 The accompanying summary of significant accounting policies and notes to the financial statements form an integral part of these financial statements. 15

19 8 NOTES TO THE FINANCIAL STATEMENTS FOR THE THREE MONTHS FINANCIAL PERIOD FROM 13 MARCH 20 (LAUNCH DATE) TO 31 JULY 20 1 INFORMATION ON THE FUND Manulife Income Fund ( the Fund ) was established pursuant to a Principal Deed dated 9 February 20 (hereinafter referred to as the Deed ) between Manulife Asset Management Services Berhad ( the Manager ) and HSBC (Malaysia) Trustee Berhad ( the Trustee ). The principal activity of the Fund is to invest in Investments as defined under Clause 17 of the Deed. The Fund may invest in one collective investment scheme and money market instruments( including fixed income securities which have remaining maturity period of less than 365 days) and deposits with any financial instituitions and any other forms of by the Management Company from time to time that is in line with the Fund s objectives. The Fund commenced operations on 3 April 20 and will continue its operations until terminated as provided under Clause 25 of the Deed. The main objective of the Fund is to provide income and achieve capital appreciation over medium- to long-term period by investing in the Target Fund (MAS). The Target Fund aims to achieve capital growth by investing in a diversified portfolio of public companies which are listed on the Stock Exchange of Hong Kong Limited ( SEHK ) and/or the Growth Enterprise Market of The Stock Exchange of Hong Kong Limited ( GEM ) and/or, although not incorporated or listed on either stock exchange in Hong Kong, are incorporated or listed on a stock exchange in any other jurisdiction and have substantial business interests in Hong Kong and/or derive a substantial portion of their revenue from their businesses carried in Hong Kong. The Target Fund may invest directly in certain China A-Shares listed on the Shanghai Stock Exchange ( SSE ) via Shanghai-Hong Kong Stock Connect. In any event where the Target Fund invests in China A-Shares, it is expected that the Fund will not hold more than 95% of its total net asset value in such shares. A proportion of the Target Fund may also be invested in equity warrants and convertible bonds issued by, or in respect of its target companies. The Manager of the Fund, a company incorporated in Malaysia, is a wholly-owned subsidiary of Manulife Holdings Berhad, a public limited liability company, incorporated and domiciled in Malaysia, and listed on the main market of Bursa Malaysia. Its principal activities are the management of unit trusts, private retirement schemes, fund management activities and financial planning. The financial statements were authorised for issue by the Board of Directors of the Manager in accordance with a resolution of the Directors on 20 September NET ASSETS ATTRIBUTABLE TO UNIT HOLDERS The net assets attributable to unit holders meet the definition of puttable instruments classified as equity instruments under the revised MFRS 132 Financial Instruments: Presentation. The units in the Fund are puttable instruments which entitle the unit holders to a pro-rata share of the net assets of the Fund. The units are subordinated and have identical features. There is no contractual obligation to deliver cash or another financial asset other than the obligation on the Fund to repurchase the units. The total expected cash flows from the units in the Fund over the life of the units are based on the change in the net assets of the Fund. 16

20 3 MANAGER S FEE In accordance with the Deed, the Manager is entitled to Manager s fee at a rate of 1.00% per annum of the net asset value of the Fund before deducting Trustee s fee and Manager s fee for the day, calculated on a daily basis. There will be no further liability to the Manager in respect of Manager s fee other than the amount recognised above. 4 TRUSTEE S FEE In accordance with the Deed, the Trustee is entitled to a fee of 0.04% per annum of the net asset value of the Fund before deducting Trustee s fee and Manager s fee for the day, calculated on a daily basis. There will be no further liability to the Trustee in respect of Trustee s fee other than the amount recognised above. 5 TAXATION from to Current taxation - Numerical reconciliation between loss before taxation multiplied by the Malaysian statutory tax rate and tax expenses of the Fund is as follows: from to Loss before taxation (42,866) Tax calculated at Malaysian tax rate of 24% (10,288) Tax effect in respect of: - Expenses not deductible for tax purposes Restriction on tax deductible expenses for unit trust funds 1,638 - Investment income not subject to tax Effect of foreign tax on foreign taxable income 7,369 Tax expenses - 17

21 6 FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS from to Designated at fair value through profit or loss - Collective investment scheme 1,879,337 from to Net loss on financial assets at fair value through profit or loss - Realised (38,703) - Unrealised (4,163) (42,866) COLLECTIVE INVESTMENT SCHEME Quantity Cost of shares Fair value as at Fair value as at expressed as percentage of value of Fund Units % Manulife Income Fund Class B-ODIS () 1,886,884 1,883,500 1,879, TOTAL COLLECTIVE INVESTMENT SCHEME 1,886,884 1,883,500 1,879, ACCUMULATED UNREALISED LOSS ON FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS (4,163) FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS 1,879,337

22 7 CASH AND CASH EQUIVALENTS from to Bank balance in a licensed bank 85,913 8 OTHER PAYABLES from to Auditors remuneration 778 Tax agent s fee 362 Sundry payables and accruals 586 1,726 9 UNITS IN CIRCULATION (i) Class from to No of units At beginning of the financial period - Add: Creation of units 388,285 Less: Cancellation of units - At end of the financial period 388,285 (ii) RM Class from to No of units At beginning of the financial period - Add: Creation of units - Less: Cancellation of units - At end of the financial period - 19

23 (iii) RM Hedged- Class At beginning of the financial period from to No of units Add: Creation of units 1,426,521 Less: Cancellation of units - At end of the financial period 1,426,521 (iv) GBP Hedged-Class from to No of units At beginning of the financial period - Add: Creation of units 28,235 Less: Cancellation of units - At end of the financial period 28,235 (v) EUR Hedged-Class from to No of units At beginning of the financial period - Add: Creation of units 497,493 Less: Cancellation of units - At end of the financial period 497,493 20

24 (vi) CNH Hedged-Class from to No of units At beginning of the financial period - Add: Creation of units 1,395,582 Less: Cancellation of units (1,768) At end of the financial period 1,393, BROKERS' AND FINANCIAL INSTITUTION TRANSACTIONS There were no transactions with brokers as at 31 July 20. As at the end of the financial period, there were no dealers'/brokers' transactions with related parties. 11 UNITS HELD BY THE MANAGER AND PARTIES RELATED TO THE MANAGER The related parties and their relationship with the Fund are as follows: Related parties Manulife Asset Management Services Berhad Manulife Financial Corporation ( Manulife ) Manulife Holdings Berhad Subsidiaries and associates of Manulife as disclosed in its financial statements Relationship The Manager Ultimate holding company of the Manager Immediate holding company of the Manager Subsidiaries and associate companies of the ultimate holding company of the Manager Units held by the Manager: (i) Class As at: MANAGER MANULIFE ASSET MANAGEMENT SERVICES BERHAD * No. of units

25 (ii) RM Class As at: MANAGER MANULIFE ASSET MANAGEMENT SERVICES BERHAD * No. of units (iii) RM Hedged-Class As at: MANAGER MANULIFE ASSET MANAGEMENT SERVICES BERHAD * No. of units (iv) GBP Hedged-Class As at: MANAGER MANULIFE ASSET MANAGEMENT SERVICES BERHAD * No. of units ,507 9,463 (v) EUR Hedged-Class As at: MANAGER MANULIFE ASSET MANAGEMENT SERVICES BERHAD * No. of units

26 (vi) CNH Hedged-Class As at: MANAGER MANULIFE ASSET MANAGEMENT SERVICES BERHAD * No. of units * The units are held legally and beneficially In addition to the related party disclosure mentioned elsewhere in the financial statements, there were no other significant related party transactions and balances. 12 MANAGEMENT EXPENSES RATIO ( MER ) from to MER 0.48 MER represents expenses including Manager s fee, Trustee s fee, auditors remuneration, tax agent s fee and other expenses expressed as an annual percentage of the Fund s average net asset value calculated on a daily basis. 13 PORTFOLIO TURNOVER RATIO ( PTR ) from to PTR (times) 0.56 PTR represents the average of total acquisitions and disposals of investments in the Fund for the financial period over the Fund s average net asset value calculated on a daily basis. 23

27 9 CORPORATE INFORMATION MANAGER Manulife Asset Management Services Berhad ( U) 13 th Floor, Menara Manulife No. 6, Jalan Gelenggang Damansara Heights Kuala Lumpur BOARD OF DIRECTORS Datuk Seri Panglima Mohd Annuar Bin Zaini (Independent) Dato Md Agil Bin Mohd Natt (Independent) Edmond Cheah Swee Leng (Independent) Gianni Fiacco (Non-Independent) Mark Steven O Dell (Non-Independent) Wong Boon Choy (Non-Independent) Chong Soon Min (Jason) (Non-Independent Executive) INVESTMENT COMMITTEE Dato Dr Zaha Rina Binti Zahari (Independent) Dato Md Agil Bin Mohd Natt (Independent) Edmond Cheah Swee Leng (Independent) Wong Boon Choy (Non-Independent) Chong Soon Min (Jason) (Non-Independent) INVESTMENT MANAGER Manulife Asset Management Services Berhad ( U) 10 th Floor, Menara Manulife No. 6, Jalan Gelenggang Damansara Heights Kuala Lumpur TRUSTEE OF THE FUND HSBC (Malaysia) Trustee Berhad (1281-T) 13 th Floor, Bangunan HSBC, South Tower, No. 2, Leboh Ampang Kuala Lumpur AUDITORS PricewaterhouseCoopers PLT (LLP LCA & AF 1146) Level 10, 1 Sentral, Jalan Travers Kuala Lumpur Sentral P O Box Kuala Lumpur TAX CONSULTANTS Deloitte Tax Services Sdn Bhd (36421-T) Level 16, Menara LGB 1, Jalan Wan Kadir Taman Tun Dr Ismail Kuala Lumpur 24

28 HEAD OFFICE Manulife Asset Management Services Berhad ( U) 13 th Floor, Menara Manulife No. 6, Jalan Gelenggang Damansara Heights Kuala Lumpur Tel: (03) Fax: (03) MY_CustomerService@manulife.com Website: BRANCH OFFICES Kota Bharu 1 st Floor, Lot Wisma Seri Setia Jalan Dusun Muda, Sek Kota Bharu Kelantan Tel: (09) Fax: (09) Sungai Petani Lot 88, No.17, 2 nd Floor Jalan Perdana Heights 2/2 Perdana Heights Sungai Petani Kedah Darul Aman Tel: (04) Fax: (04) Penang 1-2-, Elit Avenue Jalan Mayang Pasir Bayan Baru Penang Tel: (04) / Fax: (04) Ipoh No. 1, 1A & 1B Pusat Perdagangan Canning 2 Pusat Perdagangan Canning Ipoh Perak Darul Ridzuan Tel: (05) Fax: (05) Dataran Sunway 26-2 & 28-2, Jalan PJU 5/8 Dataran Sunway Kota Damansara Petaling Jaya Selangor Darul Ehsan Tel: (03) / Fax: (03)

29 Shah Alam 30-1, Block 5 Jalan Setia Prima (S) U13/S, Setia Alam Seksyen U Shah Alam Selangor Darul Ehsan Tel: (03) Fax: (03) Klang No. 3-1 & 3-2 Jalan Mahogani 5/KS7 Bandar Botanic Klang Selangor Darul Ehsan Tel: (03) Fax: (03) Seremban 160-2, Taipan Senawang Jalan Taman Komersil Senawang 1 Taman Komersil Senawang Seremban Negeri Sembilan Tel: (06) Fax: (06) Melaka No & Jalan Melaka Raya 25 Taman Melaka Raya Melaka Tel: (06) Fax: (06) Johor Bahru No. 1-01, Jalan Setia Tropika 1/15 Taman Setia Tropika Johor Bahru Johor Darul Takzim Tel: (07) Fax: (07) Kuching No. 63 & 65, 2 nd Floor Jalan Tun Jugah Kuching Sarawak Tel: (082) Fax: (082)

30 Miri Lot st & 2nd Floor Block 5 MCLD Jalan Miri Pujut 101 Commercial Centre Miri Sarawak. Tel: (085) Fax: (085) Bintulu No. 2, Lot st & 2nd Floor Parkcity Commerce Square Jalan Tun Ahmad Zaidi Bintulu Sarawak Tel: (086) Fax: (086) Sibu No. A, 1st Floor Jalan Kampung Datu Sibu Sarawak Tel: (084) Fax: (084) Kota Kinabalu Lot J-55-2, Block J 2 nd Floor, Signature Office KK Times Square, Off Jalan Coastal Highway Kota Kinabalu Sabah Tel: (088) / (088) Fax: (088) Sandakan Block J, Lot 70, Ground Floor Bandar Pasaraya Batu 4, Jalan Utara Sandakan Sabah Tel: (089) / (089) Fax: (089) Tawau Block A, Lot 32-1 TB st Floor, Kubota Square Jalan Kubota Tawau Sabah Tel: (089) Fax: (089)

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