AmTotal Return & AmIttikal...Designer: Razib Abdul Karim Publisher : AmFunds Management Berhad (154432-A) Syahir Rokib SpotlightDear valued investors, 03 Best ETF Provider Award for

PP15882/07/2012 (030055)

O C T O B E R 2 0 1 7

AmTotal Return & AmIttikalfor potential income and growth

Page 4

What’s Next for PRS in Malaysia Page 8

ETFs – An Alternative Investment Vehicle Page 6

What’s Next for PRS in Malaysia Page 8

ETFs – An Alternative Investment Vehicle Page 6

02

Note to Valued Investors Contents

Editorial

Editor : Nancy Chow Contributors : Janet Wong (Senior Vice President, Corporate Communications Desiree’ Diane Vanisha & Marketing)

Designer : Razib Abdul Karim Publisher : AmFunds Management Berhad (154432-A)

Syahir Rokib

Spotlight 03Best ETF Provider Award for Second Year

Fund Focus 04• AmTotal Return• AmIttikal

Feature 06ETFs – An Alternative Investment Vehicle to Help Build YourInvestment Portfolio

PRS Corner 08The PRS Industry in Malaysia and What’s Next

New On Board 10Gan Kong YikHead of Equities (Conventional)

Announcement 11

Performance 12

Happenings 17

Dear valued investors,

Good day.

We are happy to share that we have been acknowledged for the second year running as Malaysia’s Best ETF Provider at The Asset Triple A Private Banking, Wealth Management, Investment and ETF Awards 2017 held recently.1 AmInvest pioneered Malaysia’s �rst bond and equity Exchange Traded Funds (ETFs).2 Our Acting Chief Executive, Goh Wee Peng in our Feature section takes a closer look at this investment vehicle, its place within investors’ portfolios as well as provides some industry insights.

In this quarter’s Fund Focus section, we highlight two AmInvest equity funds and why it deserves a spot in your investment portfolio to reap potential income, at the same time to a lesser extent, potential capital growth. Our AmTotal Return and AmIttikal (Shariah-compliant) funds aim to participate in Malaysia’s growth.

Year end is also fast approaching and do you know that you can enjoy tax relief of up to RM3,000 yearly with Private Retirement Scheme (PRS)?3 Our PRS Corner features an interview with Alex Tan Cheng Leong, Head, Retail & Retirement Funds at AmInvest. Hear his thoughts on the current landscape of the PRS industry in Malaysia and opportunities that lie ahead.

Happy investing!

Yours sincerely,

Raja Teh MaimunahCEO AmInvestment Bank & Managing Director,Wholesale Banking, AmBank Group

Sources1 The Asset Triple A Private Banking, Wealth Management, Investment and ETF Awards, 2016 and 2017, August 2017. 2 Based on the launch dates of the list of ETF in Malaysia. Data extracted from Lipper for Investment Management by Lipper, a Thomson Reuters company and AmInvest as at September 2017. 3 Applicable for 10 years from 2012-2021. Terms and conditions apply. Details at www.ppa.com.

AmInvest Wins Malaysia’s Best ETF Provider Award for Second Year

Spotlight

03

AmInvest, Malaysia’s largest Exchange Traded Funds (ETF) Provider1 was honoured as Best ETF Provider, Malaysia for the second year running at The Asset Triple A Private Banking, Wealth Management, Investment and ETF Awards 20172 recently.

Goh Wee Peng, Acting Chief Executive Officer of AmInvest receiving the Best ETF Provider, Malaysia award at The Asset Triple A Private Banking, Wealth Management, Investment and ETF Awards 2017 at the awards dinner held in Hong Kong on 19 September 2017.

“AmInvest is the brand for AmFunds Management Berhad, a wholly owned subsidiary under AmInvestment Bank. We pioneered Malaysia’s �rst bond and equity ETFs, namely ABF Malaysia Bond Index Fund (ABF Malaysia) in 2005 and FTSE Bursa Malaysia KLCI etf (FBM KLCI etf) in 20071,” explained Raja Teh Maimunah, Chief Executive O�cer, AmInvestment Bank and Managing Director, Wholesale Banking, AmBank Group.

ABF Malaysia buys into a portfolio of mainly Malaysian government bonds. It tracks the performance of Markit iBoxx®ABF Malaysia Bond Index. FBM KLCI etf is designed to follow the performance of its benchmark index, FTSE Bursa Malaysia KLCI (FBM KLCI). FBM KLCI can be seen as representing the barometer of Malaysia’s top 30 largest companies in terms of market capitalisation. For both ETFs, investors can buy into a trading board lot size of 100 units which is listed on Bursa Malaysia.

“Receiving this award for the second year running is a huge honour for us and we are pleased that our o�erings have been recognised as

relevant to meet the evolving needs of our investors throughout the years,” said Goh Wee Peng, Acting Chief Executive O�cer of AmInvest who received the award on AmInvest’s behalf at an awards dinner held in Hong Kong on 19 September 2017.

The Asset is a leading �nancial publishing group in Asia-Paci�c and has the widest reach among Asian issuers and global institutional investors active in the region.2

For further details on ABF Malaysia and FBM KLCI etf, please visit www.fbmklcietf.com.my or www.abfmy1.com.my.

Sources:1 Based on the launch dates of the list of ETFs in Malaysia. Data extracted from Lipper for Investment Management by Lipper, a Thomson Reuters company as at September 2017.2 The Asset Triple A Private Banking, Wealth Management, Investment and ETF Awards, 2016 and 2017, August 2017.

Fund Focus - AmTotal Return & AmIttikal

04

This year, our domestic equity market has risen to new heights, which is currently riding on a pick-up in the economy, driven by global trades and the government’s investment on infrastructure projects. Against this backdrop with the surge of domestic demand, investors can definitely look for opportunities within the local market.

AmInvest presents to you two of our flagship equity funds that invest in our local market – AmTotal Return (a conventional fund) and AmIttikal (a Shariah-compliant* fund). Both funds are designed to provide a potential regular flow of income and to a lesser extent, capital growth, which cater to investors who have medium to long term investment goals and want to participate in Malaysia’s growth.

* While the Fund has been structured to conform to Shariah principles, investors should seek their own independent Shariah advisor prior to investing.

The two funds are managed by us, backed by our award winning track record:

Best Investment Management Company,Malaysia (six consecutive years)

World Finance Investment Management Awards 2017

Best Islamic Asset Management Houseof the Year, Malaysia (three consecutive years)

The Asset Triple A Islamic Finance Awards 2017

Fund Focus - AmTotal Return & AmIttikal

05

Key Reasons to Invest in AmTotal Return (Fund)

Source: AmFunds Management Berhad as at 31 August 2017. Sector allocation is subject to frequent change on a daily basis.

Diversified exposure to core business sectors

• The Fund’s sector allocation:

Trading / Services Finance Industrial products Technology

Consumer products Properties Construction Plantations

Real Estate Investment Trusts (REITs)

Offers long-term capital growth

• The Fund invests mainly in large cap stocks that generally o�er strong balance sheet and cash �ow with steady dividend payout.

• The Fund also invests in small and medium cap stocks to potentially enhance capital growth.

Source: World Economic Outlook, International Monetary Fund as at April 2017. Forecasts, projections or targets are indicative only and are not guaranteed in any way.

Exposure to Malaysia’s growth

• Malaysia’s economic outlook remains broadly favourable.

• Domestic demand is expected to continue to anchor economic growth.

Country/Region Gross Domestic Product (GDP) Growth Forecast (%)

2018 2020 2022

Malaysia 4.7 4.9 4.8

World 3.6 3.7 3.8

United States 2.5 1.8 1.7

Euro Area 1.6 1.5 1.5

Investment in unit trust funds involve risks which include the risk of total capital loss with no income distribution. For further details, please refer to the Prospectuses.

Key Reasons to Invest in AmIttikal (Fund)

Access to Shariah-compliant income

• The Fund’s investment strategy conforms to principles of Shariah* and aims to provide potential returns through a regular �ow of Shariah-compliant income.

Source: World Economic Outlook, International Monetary Fund as at April 2017. Forecasts, projections or targets are indicative only and are not guaranteed in any way.

Country / Region Gross Domestic Product (GDP) Growth Forecast (%)

2018 2020 2022

Malaysia 4.7 4.9 4.8

World 3.6 3.7 3.8

United States 2.5 1.8 1.7

Euro Area 1.6 1.5 1.5

Exposure to Malaysia’s growth

• Malaysia’s economic outlook remains broadly favourable.

• Domestic demand is expected to continue to anchor economic growth.

Multidimensional Shariah-compliant* investment strategy

Invests intoDividend paying

Shariah-compliant*companies emphasising

on dividend growth

Invests intoStable cash-�ow

Shariah-compliant*companies withquality earnings

Invests intoShariah-compliant*

companies with stronggrowth potential andattractive valuation

* While the Fund has been structured to conform to Shariah principles, investors should seek their own independent Shariah advice prior to investing.

Diversified exposure to core business sectors

• The Fund’s sector allocation:

Trading / Services Finance Industrial products Technology Consumer products Properties Construction Plantations

Infrastructure project companies

Source: AmFunds Management Berhad as at 31 August 2017. Sector allocation is subject to frequent change on a daily basis.

06

ETFs – An Alternative Investment Vehicle to

Help Build Your Investment Portfolio

AmInvest pioneered Malaysia’s first bond

and equity ETFs namely ABF Malaysia

Bond Index Fund in 2005 and FTSE Bursa

Malaysia KLCI etf in 2007.1 At present,

AmInvest is managing the largest and

only bond ETF in the country, ABF

Malaysia in terms of fund size of around

RM1.5 billion (out of a total industry of

RM1.9 billion), which represents 79% of

the Malaysian total ETF fund size.1

Goh Wee Peng, Acting Chief Executive O�cer, AmInvest takes a closer look at this alternative investment vehicle, its place within investors’ portfolios as well as provides some industry insight into how it can be better promoted. Read more on the next page.

Feature

07

Feature

At a glance, Malaysia’s current eight Exchange Traded Funds (ETFs) are experiencing low participation due to lack of awareness and understanding of the product as well as perhaps the product’s eco-system. How true is such an observation?

Lack of awareness and low product comprehension factors do partially contribute to the low rate of participation in Malaysian ETFs. However, it is the ETFs‘ lack of appeal to investors factor that has persistently stunted the growth of ETFs in Malaysia.

ETFs should be used by investors to build a diversi�ed portfolio for the long term. Unfortunately, our local investors are short term trading oriented with preference on stock speci�c ideas. There appears to be a basic mismatch between what our retail investors expect and what ETFs o�er. One way of addressing this matter would be to develop short or leveraged ETFs/vehicles to encourage shorter/intraday trading.

Another proposition would be to make ETFs easily available and eligible under retirement savings schemes and pension plans for longer terms investments. Our ETFs are designed for small monthly investments of a minimum of 100 units - which is from as low as RM100 and above, and should be a�ordable to most savers as long term savings instruments. Also, existing ETFs do not appeal to retail investors as Malaysian retail investors are spoilt for choice in terms of unit trusts where actively managed unit trusts are generally still able to deliver the alpha or excess returns compared to the market. In comparison, our present ETFs are index tracking, their returns would generally be giving the market or index returns. This is a phenomenon that occurs in emerging and still developing markets.

In addition, the low participation in Malaysian ETFs can also be attributed to the lack of appeal for investors locally.

What is the best remedy to spur investors’ participation in Malaysia given the global value of ETF has easily surpassed 3 trillion United States Dollars (USD) and continues to scale new heights? What are the roles of Bursa Malaysia or fund managers here? Who else should assist in promoting ETFs?

The United States (US) ETFs assets under management passed the USD3 trillion mark this year. Between 2015 and 2016, the US market grew by 20%. European countries ETF growth is following closely behind.2 In the United Kingdom, for instance, the spur of growth came from the fact that �nancial advisors can no longer take remuneration as a percentage. They have to get used to fee based services rather than trailer commission.

For much of Asia2 and Malaysia included, the mutual fund industry pays commission to intermediaries such as banks, brokerages or �nancial advisors that might recommend them. Unfortunately, ETFs are disadvantaged because they are traded openly at stock exchanges and not structured to

pay commission. As such, a vibrant ETF market would depend on the evolution of fee based advisory model and networks.

In the US, ETFs emerged into a market where there were lots of registered investment advisors incentivised to use lower costs products for their clients.2 We are seeing changes in Asia – in Japan, the regulators are encouraging fee based sales with a new �duciary code for this objective. Neighbouring regulators will draw lessons from the successes or failures of the Japanese model.2 As a matter of fact, Australia introduced reforms to increase the transparency around fund pricing, encouraging the growth in ETFs.2

Bursa Malaysia and Securities Commission Malaysia (SC) have been very supportive to grow the fund size, depth and breadth of the ETFs listed in Malaysia. In May 2017 this year, a task force on ETFs chaired by Securities Commission Malaysia (SC) and comprising Bursa Malaysia, fund managers, market makers and institutional investors was set up to attract greater investor participation and incentivising issuances by ETF managers in the Malaysian market.3 Among the recommendations included facilitating issuances and investments, enabling product innovation and intensifying investor engagements via nationwide roadshows and investor education programmes.3

Although continuous investor education has been staged to create awareness, such e�ort has not really borne the desired fruits. What is the reason behind this?

The ETF market in Asia has indicated despite the growth in The Taiwan, Korea and Japan, challenges relating to costs, regulations and the resulting lack of trading activity still persists.

What would be the best way to address the ecosystem factor, i.e. enhancing liquidity as well as getting more market makers and dealers involved?

ETFs are liquid as long as the market makers are there quoting bid and o�er prices at the exchange. When the market could see that money could be made as a market maker, there will be more players in the market. It boils down to demand for ETFs.

In reference to the above task force, SC and Bursa Malaysia are providing rebates and waiving relevant fees applicable to ETF market makers, including a 100% clearing fee rebate as they recognise the important role of market makers in the ecosystem in providing trading liquidity to ETFs.3

Sources:1 Based on the launch dates of the list of ETF in Malaysia. Data extracted from Lipper for Investment Management by Lipper, a Thomson Reuters company and AmInvest as at September 2017. 2 Article by Financial Times titled ‘Fee model would boost Asia funds’ published on 11 September 2017. 3 Media Release/Statement by Securities Commission Malaysia titled ‘SC-led ETF Task Force Recommends Measures to Spur Innovation and Drive Industry Growth’ published online via www.sc.com.my dated 17 May 2017.

1

2

3

4

08

The PRS Industry in Malaysia and What’s Next

AmInvest is an appointed PRS Provider by Securities Commission Malaysia and offers a total of 10 AmPRS funds.

Recently, we sat down with Alex Tan Cheng Leong, Head, Retail & Retirement Funds at AmInvest to talk about the current landscape of the PRS industry in Malaysia and opportunities that lie ahead.

Read excerpts of the interview below.

1. How has the take-up of AmPRS funds been compared against expectations during its launch in 2013?

The take up for AmInvest PRS has been positive since its launch in 2013. Our Assets Under Management (AUM) for PRS more than doubled from RM26.25 million as at our Financial Year Ended (FYE) 2014 (31 March 2014) to RM53.18 million as at FYE 2017(31 March 2017). As of 4 October 2017, our AUM for our PRS funds stands at around RM66.20 million.

2. Do you feel that there is su�cient incentive for the investing public to purchase PRS as part of their retirement planning? If not, how can it be improved?

The PRS Youth incentive has increased the participation rate from 7% of the total contribution in 2013 to 18% as at end 2016.1 Should the incentive be continued beyond 2018, it could further encourage GEN Y and millennials to save for their retirement via PRS. Based on our �ndings, the industry ticket size for PRS is only RM3,000 p.a. so far which shows that PRS is still perceived as a tax-saving product. Corporations do not see an incentive to swing contributions from the Malaysian mandatory retirement scheme to PRS, extra work for them. We propose to make it mandatory for all corporates in Malaysia to also undertake PRS as mandatory bene�t in overall employee bene�ts scheme.

3. How has AmInvest supported the rollout of PRS? Has it done anything di�erent to market the product as compared with your other investment products?

We distribute PRS through AmBank and Corporate Private Retirement Advisors (CPRA).

Cover StoryPRS Corner

What makes AmPRS attractive:

• AmInvest o�ers the most diverse range of retirement funds in the market – across asset classes and geographical exposure in both conventional and Shariah-compliant spaces. We o�er a total of 10 AmPRS funds.

• AmInvest is the only PRS Provider in the country that o�ers unique PRS non-core funds in its suite of PRS non-core o�erings, Real Estate Asia Paci�c and bond funds to help investors build and customise their investment portfolios for a comfortable retirement.2

4. Does AmInvest plan on intensifying the marketing and promotion of PRS?

Marketing activities for PRS have always been a priority for us. Our initiatives include:

• Promotional events and roadshows like participation in investment carnivals, conferences and lunch talks.

• Interviews and advertisements e.g. print/digital media, AmBank branch displays etc.

5. How and in what ways do you think we can encourage millennials and employers to take up and promote PRS?

• The growth of the PRS industry is dependent on the development of the capital markets. The mature stock and bond markets will support the growth of the industry. • To get the millennials to invest, we should: - Teach them to put saving on auto-pilot. Retirement saving should be treated as a recurring expense, so that it is included in the budget.

- Let them know that it is never too early to start saving for your golden years. The power of saving lies in compounding interest – “interest on top of interest” which the great Albert Einstein once famously said “Compound interest is the eighth wonder of the world. He who understands it, earns it ... he who doesn't ... pays it.” This means, the compounding e�ect of this will enable you to grow your saving for your retirement. - Teach them to ignore the global market hype or news trends which makes them less con�dent about investing. The truth is that, asset management companies and fund managers have the expertise to see through the volatility to earn the best returns.

• Employers should play a part in building a retirement ready nation. The bene�ts for the employers include: - Attract employees Employer’s contribution to PRS enhances the overall bene�ts package and e�ectively positions companies as an employer of choice. This would help companies to attract best talents for the job. - Retain employees Through customised vesting programmes, employer contributions to PRS can be an e�ective tool to retention. - Enriching employees to unleash their potential With PRS, employers could reward and recognise employees’ e�ciency. - Enjoy tax deduction under corporate income tax Employers who contribute to PRS on behalf of their employees are eligible for tax deduction of up to 19%.3 This allows employers to contribute up to 7% of employees’ remuneration into PRS.

Sources:1 Data extracted from Securities Commission Malaysia Annual Report 2016 via www.sc.com.my. Data extracted 17 August 2017. 2 Based on Lipper for Investment Management by Lipper, a Thomson Reuters company under Global Lipper Classification: Bond Global (AmPRS-Dynamic# Sukuk D), Bond Asia Pacific (AmPRS-Tactical Bond D) and Equity Sector Real Estate Asia Pacific (AmPRS-Asia Pacific REITs D) as at 30 September 2017. Data extracted 9 October 2017.3 Data extracted from www.ppa.my. Data extracted 17 August 2017.

# The word “Dynamic” in this context refers to the Fund’s investment strategy which is active management, not buy-and-hold strategy.

The PRS Industry in Malaysia and What’s Next

AmInvest is an appointed PRS Provider by Securities Commission Malaysia and offers a total of 10 AmPRS funds.

Recently, we sat down with Alex Tan Cheng Leong, Head, Retail & Retirement Funds at AmInvest to talk about the current landscape of the PRS industry in Malaysia and opportunities that lie ahead.

Read excerpts of the interview below.

1. How has the take-up of AmPRS funds been compared against expectations during its launch in 2013?

The take up for AmInvest PRS has been positive since its launch in 2013. Our Assets Under Management (AUM) for PRS more than doubled from RM26.25 million as at our Financial Year Ended (FYE) 2014 (31 March 2014) to RM53.18 million as at FYE 2017(31 March 2017). As of 4 October 2017, our AUM for our PRS funds stands at around RM66.20 million.

2. Do you feel that there is su�cient incentive for the investing public to purchase PRS as part of their retirement planning? If not, how can it be improved?

The PRS Youth incentive has increased the participation rate from 7% of the total contribution in 2013 to 18% as at end 2016.1 Should the incentive be continued beyond 2018, it could further encourage GEN Y and millennials to save for their retirement via PRS. Based on our �ndings, the industry ticket size for PRS is only RM3,000 p.a. so far which shows that PRS is still perceived as a tax-saving product. Corporations do not see an incentive to swing contributions from the Malaysian mandatory retirement scheme to PRS, extra work for them. We propose to make it mandatory for all corporates in Malaysia to also undertake PRS as mandatory bene�t in overall employee bene�ts scheme.

3. How has AmInvest supported the rollout of PRS? Has it done anything di�erent to market the product as compared with your other investment products?

We distribute PRS through AmBank and Corporate Private Retirement Advisors (CPRA).

PRS Corner

What makes AmPRS attractive:

• AmInvest o�ers the most diverse range of retirement funds in the market – across asset classes and geographical exposure in both conventional and Shariah-compliant spaces. We o�er a total of 10 AmPRS funds.

• AmInvest is the only PRS Provider in the country that o�ers unique PRS non-core funds in its suite of PRS non-core o�erings, Real Estate Asia Paci�c and bond funds to help investors build and customise their investment portfolios for a comfortable retirement.2

4. Does AmInvest plan on intensifying the marketing and promotion of PRS?

Marketing activities for PRS have always been a priority for us. Our initiatives include:

• Promotional events and roadshows like participation in investment carnivals, conferences and lunch talks.

• Interviews and advertisements e.g. print/digital media, AmBank branch displays etc.

5. How and in what ways do you think we can encourage millennials and employers to take up and promote PRS?

• The growth of the PRS industry is dependent on the development of the capital markets. The mature stock and bond markets will support the growth of the industry. • To get the millennials to invest, we should: - Teach them to put saving on auto-pilot. Retirement saving should be treated as a recurring expense, so that it is included in the budget.

- Let them know that it is never too early to start saving for your golden years. The power of saving lies in compounding interest – “interest on top of interest” which the great Albert Einstein once famously said “Compound interest is the eighth wonder of the world. He who understands it, earns it ... he who doesn't ... pays it.” This means, the compounding e�ect of this will enable you to grow your saving for your retirement. - Teach them to ignore the global market hype or news trends which makes them less con�dent about investing. The truth is that, asset management companies and fund managers have the expertise to see through the volatility to earn the best returns.

• Employers should play a part in building a retirement ready nation. The bene�ts for the employers include: - Attract employees Employer’s contribution to PRS enhances the overall bene�ts package and e�ectively positions companies as an employer of choice. This would help companies to attract best talents for the job. - Retain employees Through customised vesting programmes, employer contributions to PRS can be an e�ective tool to retention. - Enriching employees to unleash their potential With PRS, employers could reward and recognise employees’ e�ciency. - Enjoy tax deduction under corporate income tax Employers who contribute to PRS on behalf of their employees are eligible for tax deduction of up to 19%.3 This allows employers to contribute up to 7% of employees’ remuneration into PRS.

Sources:1 Data extracted from Securities Commission Malaysia Annual Report 2016 via www.sc.com.my. Data extracted 17 August 2017. 2 Based on Lipper for Investment Management by Lipper, a Thomson Reuters company under Global Lipper Classification: Bond Global (AmPRS-Dynamic# Sukuk D), Bond Asia Pacific (AmPRS-Tactical Bond D) and Equity Sector Real Estate Asia Pacific (AmPRS-Asia Pacific REITs D) as at 30 September 2017. Data extracted 9 October 2017.3 Data extracted from www.ppa.my. Data extracted 17 August 2017.


Private Retirement Scheme (PRS)

When it comesto savings,

every bit counts.

Start now to enjoy yearly tax reliefof up to RM3,000*.

Find out more from our AmBank Personal Banker orRelationship Manager today.

* Terms apply. Applicable for 10 years, from 2012 to 2021. Details at www.ppa.my.

Best Pension Manager, MalaysiaWorld's Best Pension Managers Awards 2017

by Global Finance

Best Pension Fund Manager, Malaysia(four consecutive years)

Asia Asset Management Best of the Best Awards 2016

For more info: Call our AmPRS Consultants: Janice Lee – 016 656 8951 | Afiq Abdul – 012 268 9651 Pauline Chia – 012 606 6551 | Samantha Loh – 012 257 7227

aminvest.com

10

New On Board

Gan Kong Yik | Head of Equities (Conventional), AmInvest

Kong Yik, who has recently joined our investment team, currently manages various AmInvest unit trust and retirement funds. His responsibilities also encompass performing financial analysis, earnings forecasts, valuation of regional banking sectors and making investment recommendations based on these analysis.

Kong Yik holds a Bachelor of Business in Economics and Finance from RMIT University, Melbourne, Australia and a Capital Markets Services Representative’s License for the regulated activity of fund management.

Years of experience in funds management:17 years

Fund Manager for:AmTotal Return, AmDividend Income and retirement funds.

How do you keep yourself in sync with the pace of the markets?Markets are continuously evolving and as such, continuous reading is of upmost importance. My reading list includes dailies, magazines, journals/reports and websites such as Bloomberg news.

Who keeps you motivated at work?Being a fund manager was my dream job as far as I could remember. Finding ways to beat the competition and successfully doing so definitely keeps me motivated!

Who inspires you/What is your motto at work?Never give up!

More about Kong Yik:

Qualifications:Bachelor of Business in Economics and Finance from RMIT, Melbourne, Australia

Hometown:Melaka

Hobbies:Running and cycling

Favourite food:There are so many that I love but curry noodles definitely tops my list!

Favourite travel destination:Japan

What is the quote you live by?For me, adopting and most importantly, maintaining a positive attitude as well as outlook plays a key role in striving to be the best version of myself. There will always be challenges in life and it is how you turn these challenges into opportunities for learning and growth is what matters.

“If you think you can do it, you most likely can.”

How do you de-stress?To unwind, I love running, cycling and most often, watching movies as well. But spending quality time with my lovely family is my uptmost priority, above everything else.

Announcement

Equity

AmInvest is pleased to announce the income distribution for 11 of its conventional and Shariah-compliant funds for the third quarter of the year (July - September) ended 30 September 2017 as follows:

Fund Name Fund Category Frequency of IncomeDistribution (if any)

Net Income Distributionper Unit (sen)

AmAsia Pacific REITs Fund-of-Funds Yearly 1.57

AmAsia Pacific ex Japan Total Return Equity Yearly 1.07

AmIttikal Equity (Islamic) Yearly 2.67

Global Dividend- RM Class- USD Class

Wholesale (Feeder Fund) Quarterly 0.600.65

Fixed Income/Money Market

AmConstant Extra 5 Fixed Income (close-ended) Yearly 4.00

AmDynamic# Bond Bond Twice Yearly 1.43

AmIncome Management Fixed Income Monthly 1.56

AmTactical Bond Bond Twice Yearly 4.50

Mixed Assets

AmDynamic Allocator Fund-of-Funds (Mixed assets) Yearly 1.30

Global Multi-Asset Income- AUD Class- RM Class- SGD Class- USD Class

Wholesale (Feeder Fund) Quarterly1.201.401.251.30

US-Canada Income and Growth Wholesale (Feeder Fund) Quarterly 2.00

#The word “Dynamic” in this context refers to the Fund’s investment strategy which is active management, not buy-and-hold strategy.

PRS

Private Retirement Scheme (PRS)

Save RM1,000 and receive another RM1,000*

20-30 years old?

Malaysian?

Growing Your Investments in a Changing World

*Receive a one-o� incentive of RM1,000 into your PRS account for Malaysians aged between 20-30 years old who contribute RM1,000 in PRS. Applicable for two years from 2017-2018.Terms and conditions apply. Source: www.ppa.my

Best Pension Fund Manager, Malaysia (Four consecutive years)Asia Asset Management Best of the Best Awards 2016

Best Pension Manager, MalaysiaWorld's Best Pension Managers Awards 2017 by Global Finance

aminvest.com

12

Performance as at 30 September 2017

Malaysian Fixed Income Fund Size(RM’ mil) 6-month 1-year 3-year 5-year FVF* FVC*

AmAl-AminBenchmark (%): Maybank Banking Berhad Al-Mudharabah (GIA) 1-Month Rate

133.62 1.51 3.05 9.56 15.72 Very Low 0.05

1.63 3.44 11.08 17.40

AmBon IslamBenchmark (%): BPAM Corporates (3 years to 7 years)Sukuk Index

46.02 2.37 3.79 14.05 20.13 Very Low 1.66

2.60 3.84 15.64 22.84

AmCash ManagementBenchmark (%): Malayan Banking Berhad Overnight Rate

1,447.74 1.28 2.50 8.16 13.01 Very Low 0.06

0.88 1.77 5.87 9.79

Malaysian Mixed Assets

AmBalancedBenchmark (%): 50% Medium MGS Index by Quantshop plus 50% FTSE Bursa Malaysia Top 100 Index

3.26 7.11 13.70 9.02 28.96 Moderate 6.45

2.30 4.83 5.34 16.35

AmConservativeBenchmark (%): 15% FTSE Bursa Malaysia Top 100 Index plus 85% Quantshop Medium MGS Index

6.50 0.58 5.92 13.68 30.92 Low 3.26

2.85 3.27 10.99 19.54

AmIslamic BalancedBenchmark (%): 50% FTSE Bursa Malaysia EMAS Shariah Index plus 50% Quantshop Medium GII Index

5.82 4.73 8.07 12.20 32.15 Low 5.29

1.28 2.84 5.23 17.18

AmDynamic AllocatorBenchmark (%): AmBank (M) Berhad 12-month fixed deposit rate + 3.00% per annum

34.40 3.17 8.32 20.63 34.40 Moderate 7.80

3.04 6.15 20.02 35.33

AmDynamic# BondBenchmark (%): BPAM Corporates All Bond Index

97.43 2.54 3.28 16.71 23.10 Low 2.35

2.78 3.60 15.07 22.01

AmIncomeBenchmark (%): Malayan Banking Berhad 1-Month Fixed Deposit Rate

3,108.42 1.60 3.15 9.71 15.89 Very Low 0.05

1.49 2.99 9.64 16.42

AmIncome PlusBenchmark (%): Malayan Banking Berhad 1-Month Fixed Deposit Rate

499.87 1.95 3.30 10.94 17.66 Very Low 0.56

1.49 2.99 9.64 16.42

AmIslamic Fixed Income ConservativeBenchmark (%): Maybank 12-month General Investment Account rate-i

97.78 1.95 3.18 11.21 18.12 Very Low 0.86

1.68 3.45 11.20 18.43

W.e.f October 2016, BPAM Corporates All Bond Index. Prior to October 2016, Quantshop All MGS Index.

AmIncome Extra (AmIncome Extra was relaunched on 5 July 2013)

Benchmark (%): BPAM Corporates All Bond Index

9.11 2.68 2.74 12.35 N/A

2.78 3.60 15.07 N/A

W.e.f October 2016, BPAM Corporates All Bond Index. Prior to October 2016, Quantshop ALL MGS Index.

AmIncome Reward (AmIncome Reward was relaunched on 5 July 2013)


3.94 2.49 2.92 13.00 N/A

Very Low 1.76

Very Low 1.79

2.78 3.60 15.07 N/A

AmBond 170.68 2.53 3.27 14.40 16.66 Low 1.88

2.78 3.60 15.07 22.07

W.e.f October 2016, BPAM Corporates All Bond Index. Prior to October 2016, RAM Quantshop ALL Malaysian Government Securities (MGS) Index. Prior to July 2013, RAM Quantshop Medium Malaysian Government Securities (MGS) Index.

W.e.f October 2016, BPAM Corporates All Bond Index. Prior to October 2016, RAM Quantshop All Malaysian Government Securities (MGS) Index.

W.e.f October 2016, BPAM Corporates (3 years to 7 years) Sukuk Index. Prior to October 2016, RAM Quantshop Medium Government Investment Issues (GII) Index.



13



** Fund performances are calculated based on the funds' currency.

Exchange Traded Funds

ABF Malaysia Bond Index FundBenchmark (%): Markit iBoxx® ABF Malaysia Bond Index

1,504.77 2.90 1.66 11.81 17.60

2.93 1.95 12.76 19.16

FTSE Bursa Malaysia KLCI etf

Benchmark (%): FTSE Bursa Malaysia KLCI

3.07 1.89 8.33 1.46 18.92

2.57 9.56 4.30 25.16

N/A N/A

N/A N/A

AmTactical Bond B RM

Benchmark (%): Quantshop All MGS Index

82.15 1.81 2.82 27.79 N/A 3.47Low

3.28 2.02 13.31 N/A

Global Fixed Income

AmDynamic# Sukuk ABenchmark (%): BPAM Corporate Sukuk Index

6.05 2.17 2.20 13.69 22.84 Low 2.18

2.80 3.52 12.77 16.75

W.e.f July 2015, Bond Pricing Agency Malaysia (BPAM) Corporate Sukuk Index. Prior to July 2015, Bloomberg AIBIM Bursa Malaysia Sovereign Shariah Index.

Malaysian Equity Fund Size(RM’ mil) 6-month 1-year 3-year 5-year FVF* FVC*

AmDividend IncomeBenchmark (%): FTSE Bursa Malaysia Top 100 Index

26.33 3.60 11.42 9.67 40.33 Moderate 8.13

1.52 7.04 -2.53 11.34

AmIslamic Growth

Benchmark (%): FTSE Bursa Malaysia EMAS Shariah Index

17.19 2.66 7.79 6.08 39.22 Moderate 7.54

-0.11 3.64 -2.95 12.83

AmMalaysia EquityBenchmark (%): FTSE Bursa Malaysia EMAS Index

2.59 3.97 11.85 12.81 50.62 High 8.83

1.37 7.22 -3.04 12.83

AmIttikalBenchmark (%): Malayan Banking Berhad 12-month Islamic General Investment Account plus 3% spread

151.31 0.84 4.07 3.78 30.01 Moderate 7.43

3.12 6.42 21.16 36.66

AmTotal ReturnBenchmark (%): Malayan Banking Berhad 12-month Fixed Deposit Rate plus 3% spread

51.18 3.77 12.88 1.15 30.53 Moderate 7.67

3.01 6.10 19.85 35.09

Global Mixed Asset

US-Canada Income and Growth

Benchmark (%): S&P 500 Index

101.11 1.81 10.04 36.68 N/A High 8.78

2.77 21.10 75.14 N/A

Global Multi-Asset Income AUD**

Fund is actively managed without reference to any performance benchmark.

AUD 11.36 3.45 6.97 11.76 N/A

Global Multi-Asset Income RM** RM 18.06 3.71 7.66 13.19 N/A

Global Multi-Asset Income SGD** SGD 7.34 2.95 6.08 8.35 N/A

Global Multi-Asset Income USD** USD 4.53 3.37 6.87 8.69 N/A

Low

Low

Low

Low

4.41

4.38

4.37

4.42

14

Global Equity Fund Size(RM’ mil) 6-month 1-year 3-year 5-year FVF* FVC*

Advantage Asia Pacific ex Japan Dividend(formerly known as AmAdvantage Asia Paci�c ex Japan Dividend)

Benchmark (%): MSCI AC Asia Pacific ex-Japan Index

29.21 4.91 20.62 50.92 74.69 10.25High

7.34 23.21 56.88 91.15

AmASEAN Equity

Benchmark (%): S&P Shariah ASEAN Index

3.66 2.19 -0.49 11.66 21.87 Moderate 7.35

1.63 6.35 11.82 20.73

Asia Pacific Equity Income(formerly known as AmAsia Paci�c Equity Income)

Benchmark (%): MSCI AC Asia Pacific ex-Japan (Net) Index

654.86 3.84 15.21 38.88 69.36 Very High 13.93

7.34 23.21 56.88 91.15

AmAsia Paci�c ex Japan Total ReturnBenchmark (%): AmBank (M) Berhad 12-month conventional fixed deposit rate plus 5.00% per annum

1.63 4.60 5.19 14.57 N/A High 10.03

4.01 8.15 26.93 N/A

AmAsia Pacific Leisure Dividend

Benchmark (%): MSCI Asia Pacific ex-Japan Index

9.14 6.99 10.13 15.41 N/A High 9.00

5.45 19.96 44.18 N/A

AmAsia Pacific REITs PlusBenchmark (%): S&P Pan Asia Property Index

28.05 1.98 2.94 35.98 N/A High 8.66

4.46 9.90 45.01 N/A

AmAsia-Paci�c Property EquitiesBenchmark (%): FTSE EPRA/NAREIT Pure Asia TotalReturn Net Dividend Index (capital constrained)

11.98 -1.50 0.42 32.60 55.63 High 9.42

-0.70 4.29 40.78 72.70

AmChina A-Shares

Benchmark (%): MSCI China A Total Return (Net)

19.88 14.71 22.42 154.68 192.00 Very High 30.95

8.41 16.81 78.62 129.80

Commodities Equity(formerly known as AmCommodities Equity)

Benchmark (%): 50% Dow Jones Islamic Market Oil &Gas plus 50% Dow Jones Islamic Market Basic Materials

21.21 -0.95 9.65 -12.31 4.07 Very High 15.02

-0.53 11.11 15.14 22.69

AmCumulative Growth

Benchmark (%): MSCI Far East Ex-Japan Composite Index

22.77 13.85 21.30 47.10 66.02 High 11.02

9.38 23.62 51.76 75.79

AmGlobal Property Equities FundBenchmark (%): FTSE EPRA/NAREIT Developed Index TR

17.64 1.75 3.30 50.34 75.54 Very High 12.54

0.09 3.66 56.80 99.25

Global Emerging Market Opportunities(formerly known as AmGlobal Emerging Market Opportunities)

Benchmark (%): MSCI Emerging Markets Index

6.02 11.28 27.68 41.16 67.49 High 10.44

7.69 22.25 38.50 49.04

AmAsia Paci�c REITs B RM

Benchmark (%): S&P Pan Asia REITs Index

329.73 -0.14 2.36 41.34 62.04 Moderate 7.09

-5.48 -5.96 35.46 50.98

W.e.f July 2014, S&P Pan Asia REITs Index. Prior to July 2014, Bloomberg Asia REIT Index

Global Agribusiness (formerly known as AmGlobal Agribusiness)

Benchmark (%): MSCI World

15.66 5.07 17.38 17.55 29.60 Very High 13.37

3.49 18.81 50.34 102.85

The benchmark is only used as a reference benchmark as the Fund is benchmark independent.


15


AmPRS Core Funds

AmPRS-Conservative D 2.77 5.13 7.52 16.24 N/A

AmPRS-Conservative I 7.31 5.11 7.52 16.22 N/A

N/A

N/A

N/A

N/A

Benchmark (%): 1-year Malayan Banking BerhadConventional Fixed Deposit Rate

1.55 3.09 9.97 N/A

AmPRS-Growth D 4.00 10.79 15.24 20.85 N/A

AmPRS-Growth I 19.45 10.93 15.54 21.81 N/A

N/A

N/A

N/A

N/A

Benchmark (%): 30% FTSE Bursa Malaysia Top 100 Index+ 30% MSCI AC Asia Pacific ex Japan Index + 40% RAM Quantshop Medium MGS Index

3.35 9.09 17.10 N/A

AmPRS-Moderate D 2.75 10.08 12.93 9.58 N/A

AmPRS-Moderate I 11.64 10.23 13.23 10.44 N/A

N/A

N/A

N/A

N/A

Benchmark (%): 25% FTSE Bursa Malaysia Top 100 Index + 25% MSCI AC Asia Pacific ex Japan Index + 50% RAM Quantshop Medium MGS Index

3.30 7.99 16.53 N/A

Global Equity (cont.) Fund Size(RM’ mil) 6-month 1-year 3-year 5-year FVF* FVC*

AmOasis Global Islamic Equity

Benchmark (%): Dow Jones Islamic Market Index

12.76 -2.51 6.58 19.98 54.96 High 9.98

4.99 17.84 55.32 106.71

Namaa' Asia-Paci�c Equity GrowthBenchmark (%): Dow Jones Islamic Market Index Asia-Pacific (ex-Japan)

11.28 2.97 13.79 21.45 22.32

10.69 19.66 51.94 75.14

High 8.46

Europe Equity GrowthBenchmark (%): S&P Europe LargeMidCap Growth NetTotal Return

65.06 2.07 16.28 60.41 N/A N/A N/A

7.40 18.90 46.76 N/A

AmSchroders European Equity AlphaBenchmark (%): MSCI Europe Net (Total Return) Index

117.79 7.21 25.27 50.62 104.22 13.35Very High

9.00 24.98 45.48 101.77

AmPan European Property EquitiesBenchmark (%): FTSE EPRA/NAREIT Developed Europe Capped Index Net TRI

40.40 16.68 15.31 64.16 139.87 Very High 16.17

8.43 7.63 43.18 92.92

Precious Metals Securities(formerly known as AmPrecious Metals)

Benchmark (%): FTSE Gold Mines Index

360.41 -5.06 -15.28 5.30

-5.31 -11.17 47.76 -36.94

-48.33 Very High 34.47

Global Dividend - RM

Benchmark (%): MSCI All Countries World Net Index

RM 63.08 0.35 9.48 N/A N/A N/A N/A

3.49 18.81 N/A N/A

Global Dividend - USD

Benchmark (%): MSCI All Countries World Net Index

USD 22.17 5.29 7.42 N/A N/A N/A N/A

8.47 16.36 N/A N/A

** The benchmark and fund performance are based on the funds’ currency

16



Source: Data extracted from Lipper for Investment Management by Lipper, a Thomson Reuters company. Performance is shown in the respective fund’s based currency on a Net Asset Value (NAV) price basis with income distribution reinvested. Performance �gures are calculated net of all fees, charges and expenses, except entry charge and exit penalty (if any). Past performance is not indicative of future performance. Data extracted 16 October 2017.* Based on the funds’ portfolio returns as at 30 September2017 the Volatility Factor (VF) for the funds are listed in FVF column and classi�ed in di�erent Volatility Classes (VC) as listed in FVC column (Source: Lipper). The VF means there is a possibility for the funds in generating an upside return or downside return around this VF. The VC is assigned by Lipper based on quintile ranks of VF for quali�ed funds. VF is subject to monthly revision and VC will be revised every 6 months. The funds’ portfolio may have changed since this date and there is no guarantee that the funds 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.

AmPRS-Islamic Balanced D 0.45 4.75 10.07 14.72 N/A N/A N/A

AmPRS-Islamic Balanced I 0.87 4.73 10.07 14.70 N/A N/A N/A

Benchmark (%): 25% FTSE Bursa Malaysia Emas Shariah Index + 25% MSCI AC Asia Pacific Islamic ex Japan Index + 50% RAM Quantshop Medium GII Index

4.10 7.66 16.75 N/A

AmPRS-Islamic Fixed Income D 0.04 2.44 4.13 8.84 N/A N/A N/A

AmPRS-Islamic Fixed Income I 0.12 2.42 4.11 8.84 N/A N/A N/A

Benchmark (%): 1-Year Malayan Banking Berhad General Investment Account Rate

1.63 3.44 11.08 N/A

AmPRS Non-Core Funds(Shariah-compliant)

AmPRS-Dynamic# Sukuk D 0.14 2.10 2.12 13.21 N/A

AmPRS-Dynamic# Sukuk I 0.31 2.10 2.14 13.23 N/A

N/A N/A

N/A N/A

Benchmark (%): BPAM Corporates Sukuk Index 2.80 3.52 12.77 N/A

W.e.f July 2015, Bond Pricing Agency Malaysia (BPAM) Corporate Sukuk Index. Prior to July 2015, Bloomberg AIBIM Bursa Malaysia Sovereign Shariah Index (BMSSI).

AmPRS-Islamic Equity D 1.10 8.80 17.73 30.58 N/A N/A N/A

AmPRS-Islamic Equity I 3.24 8.80 17.71 30.58 N/A N/A N/A

Benchmark (%): 40% FTSE Bursa Malaysia Emas Shariah Index + 30% MSCI AC Asia Pacific Islamic ex Japan Index + 30% RAM Quantshop Medium GII Index

4.10 9.00 15.52 N/A

AmPRS-Asia Paci�c REITs D 5.85 -0.29 1.81 N/A N/A

AmPRS-Asia Paci�c REITs I 4.77 -0.15 2.13 N/A N/A

N/A

N/A

N/A

N/A

Benchmark (%): S&P Pan Asia REITs Index -5.48 -5.96 N/A N/A

AmPRS-Tactical Bond D 0.53 1.75 2.64 22.10 N/A

AmPRS-Tactical Bond I 0.31 1.75 2.66 22.12 N/A

N/A N/A

N/A N/A

Benchmark (%): RAM Quantshop All MGS Index 3.28 2.02 13.31 N/A

AmPRS Non-Core Funds(Conventional)

Fund Size(RM’ mil)

6-month 1-year 3-year 5-year FVF* FVC*

17

At the FIMM Annual Convention 2017, licensed �nancial planners and consultants kept abreast on investment opportunities through unit trust and Private Retirement Scheme (PRS). AmInvest’s Head of Retail & Retirement Funds, Alex Tan Cheng Leong was invited to be part of the panel for “PRS for Smart Retirees” session to discuss the challenges and value proposition of promoting PRS as a saving vehicle for retirement. Issues such as lack of awareness and interest amongst the young population despite incentives from the government via their up to RM3,000 tax deduction and RM1,000 youth incentive and how to motivate the young people to save for early retirement were discussed by Alex.

Alex Tan presenting AmInvest’s views on PRS.

Alex Tan (L) with other penallists.

A snapshot of the points addressed during the panel discussion on the issues and challenges surrounding PRS.

Happenings

AmInvest PRS Marketing ActivitiesFIMM Annual Convention 201728 September 2017 | Berjaya Times Square Hotel, Kuala Lumpur

18

Happenings

InvestSmart Fest 2017 (ISF 2017) was recently held at Hall 5, Kuala Lumpur Convention Centre from 13 until 15 October 2017. The three-day investor education fair was aimed at equipping investors with the fundamentals in making sound investment decisions.

AmInvestment Bank’s Funds Management Division was at the exhibition to promote its AmInvest’s Private Retirement Scheme (PRS) o�erings to the public. Alex Tan Cheng Leong, Head of Retail & Retirement Funds, AmInvest was at the event to share on the topic of "Making Saving For Your Retirement a 2017 Goal with AmInvest PRS" on the �rst day.

Since the launch of the inaugural InvestSmart fest in 2014, it has managed to reach over a million Malaysians through seminars, roadshows and engagement sessions with community leaders across the country.

Alex Tan educating the public on the importance of saving for your retirement and AmInvest PRS offerings.

AmInvestment Bank’s impressive booth at the fair to promote AmInvest PRS fund offerings.

InvestSmart Fest13 -15 October 2017 | Kuala Lumpur Convention Centre

Kuala Lumpur Islamic Finance Forum (KLIFF) has been held annually since 2004. KLIFF o�ers an integrated basis for promoting Islamic �nancial system dialogue amongst companies and institutions to foster the orderly development of an e�cient, competitive, sound and innovative Islamic �nance in a rapidly changing global environment.

An AmPRS consultant promoting our AmInvest PRS fund offerings at the conference.

Kuala Lumpur Islamic Finance Forum (KLIFF)3 - 5 October 2017 | Hotel Istana, Kuala Lumpur

DISCLAIMERS - The information contained in this promotional material is general information only and does not take into account your individual objectives, �nancial situations or needs. You should seek your own �nancial advice from an appropriately licensed adviser before investing. You should be aware that investments in unit trust funds, wholesale funds, exchange-traded funds and Private Retirement Scheme funds carry risks. An outline of some of the risks is contained in the Master Prospectus of AmInvest dated 10 September 2017 and First Supplementary Master Prospectus dated 4 January 2018 (“Prospectuses”); AmInvest Prospectus for Am-Namaa’ Asia-Paci�c Equity Growth, Namaa’ Asia-Paci�c Equity Growth and Am-Mateen Asia-Paci�c Equity dated 11 August 2017 and Prospectus for FTSE Bursa Malaysia KLCI etf dated 7 June 2009, its Supplementary Prospectus dated 6 July 2009, its Second Supplementary Prospectus dated 1 December 2014, its Third Supplementary Prospectus dated 1 April 2015 and its Fourth Supplementary Prospectus dated 10 September 2015; Prospectus for ABF Malaysia Bond Index Fund dated 13 July 2009, its Supplementary Prospectus dated 1 December 2014, its Second Supplementary Prospectus dated 1 April 2015 and its Third Supplementary Prospectus dated 10 September 2015; Prospectus for AmConstant Extra 5 dated 12 July 2016; Second Replacement Disclosure Document for AmPRS dated 7 October 2016 and First Supplementary Disclosure Document dated 7 November 2016; Information Memorandum for Advantage Global Equity Volatility Focused dated 20 August 2015; Replacement Information Memorandum for AmChina A-Shares dated 1 December 2014, its First Supplementary Information Memorandum dated 1 April 2015 and Second Supplementary Information Memorandum dated 10 September 2015; Replacement Information Memorandum for Europe Equity Growth dated 1 December 2014, its First Supplementary Information Memorandum dated 1 April 2015 and its Second Supplementary Information Memorandum dated 10 September 2015; Information Memorandum for Global Dividend dated 11 April 2016; Replacement Information Memorandum for Global Multi-Asset Income dated 1 December 2014, its First Supplementary Information Memorandum dated 1 April 2015 and its Second Supplementary Information Memorandum dated 10 September 2015; Replacement Information Memorandum for US-Canada Income and Growth dated 1 December 2014, its First Supplementary Information Memorandum dated 1 April 2015 and its Second Supplementary Information Memorandum dated 10 September 2015.

Please refer to the Prospectus(es) and/or Information Memorandum(s) and/or Disclosure Document(s) for detailed information on the speci�c risks for the Funds. Please also refer to the speci�c risks of the target fund before investing. While Shariah-compliant funds have been structured to conform to Shariah principles, investors should seek their own independent Shariah advice prior to investing. Unit prices and income distribution, if any, may rise or fall. Past performance of a Fund is not indicative of future performance. Please consider the fees and charges involved before investing. Investors are advised that following the issue of distribution, the Net Asset Value (NAV) per unit will be reduced from cum-distribution NAV to ex-distribution NAV. Units will be issued upon receipt of completed application form accompanying the Prospectus(es), Information Memorandum(s) and/or Disclosure Document(s) and subject to terms and conditions therein. You have the right to request for a copy of Product Highlights Sheet for the Fund. You are advised to read and understand the contents of the Product Highlights Sheet and/or Prospectus(es) and/or Information Memorandum(s) and/or Disclosure Document(s) before making an investment decision. The Prospectus(es) and/or Information Memorandum(s) and/or Disclosure Document(s) have been registered/lodged with the Securities Commission Malaysia, who takes no responsibility for its contents. You can obtain a copy of the Product Highlights Sheet, Prospectus(es) and/or Information Memorandum(s) and/or Disclosure Document(s) from any of our representative o�ces and authorised distributor. AmInvest [AmFunds Management Berhad and AmIslamic Funds Management Sdn Bhd] does not guarantee any returns on the investments. In the event of any dispute or ambiguity arising out of the other language translation in this material, the English version shall prevail. The Privacy Notice can be accessed via www.aminvest.com and available at our head o�ce.

For our Exchange Traded Funds (ETFs), you may also view the Prospectus(es) from www.bursamalaysia.com or at the Funds' respective websites: www.abfmy1.com.my and www.fbm30etf.com.my. You should rely on your evaluation to assess the merits and risks of the investment. If you are in doubt as to the action to be taken you should consult your stockbroker, bank manager, solicitor, accountant or other professional adviser immediately. While AmFunds Management Berhad provides the information in good faith, it accepts no responsibility for the accuracy, completeness or timeliness of the information.

All fees, charges and expenses disclosed in this issue of Insight are expressed on a Goods and Services Tax (GST)-exclusive basis. Accordingly, to the extent that services provided are subject to GST, the amount of GST payable on any related fees, charges and/or expenses will be payable by the unit holder(s) and/or the fund (as the case may be) in addition to the fees, charges and expenses disclosed in this issue. Investors are advised that following the issue of additional units/distribution, the NAV per unit will be reduced from pre-unit split NAV/cum-distribution NAV to post-unit split NAV/ex-distribution NAV.

LICENSING DISCLOSURE STATEMENTS -iBoxx disclaimer: iBoxx is a registered trademark of International Index Company Limited (IIC) and has been licensed for the use by AmFunds Management Berhad. IIC does not approve, endorse or recommend AmFunds Management Berhad or ABF Malaysia Bond Index Fund. This product is not sponsored, endorsed or sold by IIC and IIC makes no representation regarding the suitability of investing in the product.

FTSE disclaimer: “FTSE®”, “FT-SE®” and “Footsie®” are trademarks of the London Stock Exchange Plc and The Financial Times Limited and are used by FTSE International Limited (“FTSE”) under licence. “BURSA MALAYSIA” is a trade mark of Bursa Malaysia Berhad (“BURSA MALAYSIA”). The FTSE Bursa Malaysia KLCI is calculated by FTSE. All intellectual property rights in the index values and constituent list vests in FTSE and BURSA MALAYSIA. Neither FTSE nor BURSA MALAYSIA sponsor, endorse or promote this product and are not in any way connected to it and do not accept any liability. AmFunds Management Berhad has obtained full licence from FTSE to use such intellectual property rights in the creation of this product.

The FTSE Bursa Malaysia KLCI (“Index”) is calculated by FTSE. All intellectual property rights in the index values and constituent list vests in FTSE and BURSA MALAYSIA. Neither FTSE nor BURSA MALAYSIA sponsor, endorse or promote this product and are not in any way connected to it and do not accept any liability. AmFunds Management Berhad has obtained full license from FTSE to use such intellectual property rights in the creation of this product.

AmTotal Return & AmIttikal...Designer: Razib Abdul Karim Publisher : AmFunds Management Berhad (154432-A) Syahir Rokib SpotlightDear valued investors, 03 Best ETF Provider Award for

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