Growth Fund

Smart Investment Choice for Constant Capital Growth

Fund Factsheet 30 September 2016

The fund's objective is to achieve a steady *long-term income and capital growth
through a diversified portfolio of larger capitalization equity investments.

INVESTOR PROFILE
The fund is suitable for all investors whose primary interest is in investments for the *long term and capital growth of their investment. It is for those who are seeking investment in larger blue chips and
growth stocks.
* ( long term - a period of more than 5 years)

FUND DETAILS AS AT 30 SEPTEMBER 2016

Fund Inception
Financial Year
Unit In Circulation
Unit NAV
Fund Category
Initial Sales Charge
Annual Management Fee
Benchmark
Asset Allocation

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INVESTMENT COMMITTEE MEMBERS

March 26, 1992

June 30
103.43 Million
RM 0.7298
Equity Fund
Up to 6.50% of NAV per unit (not inclusive of GST)
1.50% of NAV
90% of FBM KLCI
10% of the 1-month fixed deposit rate of commercial banks
Min 70% Max 98% in equities
Min 2% in liquid assets

Tan Sri Abdul Wahid Omar (Chairman)

Tan Sri Dato' Dr. Wan Mohd. Zahid bin Mohd. Noordin
Tan Sri Dato' Md. Desa bin Pachi

PERFORMANCE RECORD
3 Years Growth Total Return from 30 September 2013 to 30 September 2016

Asset Allocation as at 30 September 2016

22%
78%

Equities
Cash & Cash
Equivalent

Source : Lipper(G) - Equity-Malaysia

Cumulative Total Return

Asset Allocation as at 30 September 2016

YTD (1 January 2016 - 30 September 2016)

1 - Month (31 August 2016 - 30 September 2016)
6 - Month (31 March 2016 - 30 September 2016)
1 - Year (30 September 2015 - 30 September 2016)
3 - Year (30 September 2013 - 30 September 2016)
5 - Year (30 September 2011 - 30 September 2016)
10 - Year (30 September 2006 - 30 September 2016)
Source : Lipper(G) - Equity-Malaysia

Fund (%)
5.46
-0.15
4.83
12.28
13.54
51.27
96.78

Rank

High
0.7353
0.7353
0.8399
0.8399
0.8399

Low
0.6789
0.6500
0.6119
0.6119
0.4243

3
14
15
32

High/Low NAV (RM)

6 - Month (31 March 2016 - 30 September 2016)
1 - Year (30 September 2015 - 30 September 2016)
3 - Year (30 September 2013 - 30 September 2016)
5 - Year (30 September 2011 - 30 September 2016)
10 - Year (30 September 2006 - 30 September 2016)
Price as at 30 September 2016 RM 0.7298

Income Distribution Declared by Management Company

Net (sen per unit)
Yield (%)
2012
7.85
10.43
2013
5.92
8.57
2014
6.99
9.30
2015
2.94
3.91

/
/
/
/

54
54
52
39

Equities
Construction
Consumer Products
Finance
Industrial Products
Properties
REITs
Technology
Trading/Services
Infrastucture Product/IPC
Plantations
TOTAL

% of
portfolio
4.30
0.00
19.98
7.35
3.01
4.16
2.05
24.45
4.65
7.64
77.59

Top 10 Largest Holdings in Equity

1) TENAGA NASIONAL BERHAD
2) PUBLIC BANK BERHAD
3) TIME DOTCOM BERHAD
4) BURSA MALAYSIA BERHAD
5) CIMB GROUP HOLDINGS BERHAD
6) SP SETIA BERHAD
7) OLDTOWN BERHAD
8) GENTING PLANTATIONS BERHAD
9) FELDA GLOBAL VENTURES HOLDINGS BERHAD
10) PRESS METAL BERHAD

Source : Lipper

Based on the fund's portfolio returns as at 15 September 2016, the Volatility Factor (VF) for this fund is 8.2 and its Volatility Class (VC) is classified as "Moderate" (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. 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 , interest rate risk, currency risk and country risk. Units will only be issued on receipt of an
application form referred to and accompanying the Prospectus which can be obtained at Amanah Mutual Berhad and any distribution channels as mentioned in the Prospectus.
34th Floor Menara PNB, 201-A Jalan Tun Razak, 50400 Kuala Lumpur. Tel: +603-2034 0800 Fax: +603 2163 3212/2535
Email: ambcare@pnb.com.my Website: www.ambmutual.com.my

Page 1 of 2

Growth Fund
Smart Investment Choice for Constant Capital Growth
Fund Review as at 30 September 2016

The fund's objective is to achieve a steady *long-term income and capital growth
through a diversified portfolio of larger capitalization equity investments.

INVESTOR PROFILE
The fund is suitable for all investors whose primary interest is in investments for the *long term and capital growth of their investment. It is for those who are seeking investment in larger blue chips and growth stocks.
* ( long term - a period of more than 5 years)

RATING
,

Lipper Total Return

Lipper Consistent Return
Lipper Preservation Return

3- Year
4
4
4

5-Year
4
4
4

REVIEW

Market Review
For the month, the FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) closed 1.5% lower at 1,653 points. The broader market outperformed as the FTSE
Bursa Malaysia EMAS Index (FBM Emas) declined by only 0.8% to close at 11,688 points while the FTSE Bursa Malaysia SmallCap Index (FBM Small Cap Index) rose 1.5%
to 15,394 points. Among regional bourses, Hong Kong and Singapore were the outperformers while Japan, China, and Thailand were laggards.
September 2016 was a volatile month for Malaysia as the FBM KLCI initially rebounded post the United States (US) Federal Reserves decision to leave rate unchanged
following their September meeting. However, the positive sentiment was overturned by negative developments on the financial health of Deutsche Bank, the largest
German bank.
On the local corporate front, Ekovest Berhad has proposed to sell a 40% interest in Konsortium Lebuhraya Utara-Timur (KL) Sdn Bhd for RM1.1 billion to Employees
Provident Fund (EPF). Meanwhile, Transport Minister Datuk Seri Liow Tiong Lai affirmed that a new Passenger Service Charge (PSC) rate structure would be implemented
across all Malaysian airports by 1 January 2017.
At the Monetary Policy Committee (MPC) meeting, Bank Negara Malaysia maintained the Overnight Policy Rate (OPR) at 3.00% citing that the rate is consistent with the
policy stance to ensure that the domestic economy is on a steady growth path amid stable inflation.
Managers Comments
The fund outperformed the benchmark mainly due to asset allocation and stock selection. The fund was holding some cash and this helped to cushion the fund from the
decline in the general market during the month. The top performing holdings for the fund were mainly from consumer sector including 7-Eleven Malaysia Holdings
Berhad, Oldtown Berhad, and Berjaya Food Berhad.
The manager anticipates higher market volatility in the run up to the US Presidential Elections in Nov 2016 and the possibility of a US interest rate hike by year end. As a
result of market volatility, the manager would take advantage of market declines to add. We would employ a stockpicking strategy to generate outperformance. The
focus would be on undervalued companies to ride on selected investment themes including companies that provide good and services that have relatively resilient
demand, beneficiaries of higher construction spending, strong consumer franchises, and companies that offer attractive dividend yield.

Investors are advised to read and understand the contents of the Master Prospectus for Conventional Funds dated 17 September 2016, and the Product Highlight Sheet (PHS) before investing. 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 , interest rate risk, currency risk and country risk. Units will only be
issued on receipt of an application form referred to and accompanying the Prospectus, which can be obtained at Amanah Mutual Berhad, and any distribution channels as mentioned in the Prospectus.
34th Floor Menara PNB, 201-A Jalan Tun Razak, 50400 Kuala Lumpur. Tel: +603-2034 0800 Fax: +603 2163 3212/2535
Email: ambcare@pnb.com.my Website: www.ambmutual.com.my

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