The fund's objective is to achieve *medium to **long-term capital growth by

primarily investing into securities of small and medium size companies:- i) listed
on Bursa Malaysia's Main Market, ACE Market and/or any other boards approved
by the Securities Commission (SC) ii) with the market capitalisation of not more
than the limit considered by the SC to be appropriate for fund similiar to this Fund
and iii) which have the potential for capital appreciation over *medium to **long
term.

Growth Fund
Smart Investment Choice for Constant Capital Growth
Fund Factsheet 30 September 2016

INVESTOR PROFILE
The fund is suitable for investor who:are seeking medium to **long-term capital growth through investment in small to medium sized companies.
are willing to accept higher level of risk in order to obtain higher growth of their capital.
have a *medium to **long-term investment horizon.
* ( medium term - a period between 3 to 5 years)
** ( 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

INVESTMENT COMMITTEE MEMBERS

:
:
:
:
:
:
:
:

March 3, 2004
July 31
226.24 Million
RM 0.5026
Equity Fund
Up to 6.50% of NAV per unit (not inclusive of GST)
1.50% of NAV
60% FBM SmallCap Index
35% FBM Top 100 Index
5% 1-month fixed deposit rate of commercial banks
: Min 70% Max 98% in stocks and shares of small and medium
cap companies
: Min 2% Max 30% in liquid assets and short-term money market
investments

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

20%

80%

Equities

Cash & cash equivalent

Source : Lipper(G) - Equity Malaysia Small & Mid Cap.

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 Small & Mid Cap.

Fund (%)
3.80
1.97
6.71
12.06
15.01
54.89
90.99

Rank

High
0.5048
0.5048
0.6155
0.6155
0.6155

Low
0.4544
0.4485
0.4219
0.3812
0.2547

3
8
8
10

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 0.5026

Income Distribution Declared by Management Company

Net (sen per unit)
Yield (%)
2012
2.39
5.44
2013
2.90
6.60
2014
3.97
8.46
2015
NIL
NIL

/
/
/
/

13
12
11
11

% of
portfolio
1.89
3.78
9.92
31.65
9.31
8.11
2.06
6.97
6.48
0.00
80.17

Equities
Consumer Products
Infrastructure/IPC
Construction
Trading & Services
Industrial Products
Finance
Reits
Properties
Plantations
Technology
TOTAL

Top 10 Largest Holdings in Equity

1) TIME DOTCOM BERHAD
2) OLDTOWN BERHAD
3) PRESS METAL BERHAD
4) DKSH HOLDINGS MALAYSIA BERHAD
5) 7-ELEVEN MALAYSIA HOLDINGS BERHAD
6) GEORGE KENT MALAYSIA BERHAD
7) PROTASCO BERHAD
8) MITRAJAYA HOLDINGS BERHAD
9) SP SETIA BERHAD
10) FELDA GLOBAL VENTURES HOLDINGS BERHAD

Source : Lipper

Based on the fund's portfolio returns as at 15 September 2016, the Volatility Factor (VF) for this fund is 11.9 and its Volatility Class (VC) is classified as "Very High" (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 in volved. 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, inves tors 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 credit and default risk, interest rate risk, and equity specific 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 P rospectus.
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

The fund's objective is to achieve *medium to **long-term capital growth by primarily

investing into securities of small and medium size companies:- i) listed on Bursa
Malaysia's Main Market, ACE Market and/or any other boards approved by the
Securities Commission (SC) ii) with the market capitalisation of not more than the limit
considered by the SC to be appropriate for fund similiar to this Fund and iii) which
have the potential for capital appreciation over *medium to **long term.

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

INVESTOR PROFILE
The fund is suitable for investor who:are seeking *medium to **long-term capital growth through investment in small to medium sized companies.
are willing to accept higher level of risk in order to obtain higher growth of their capital.
have a *medium term to **long-term investment horizon.
* ( medium term - a period between 3 to 5 years)
** ( long term - a period of more than 5 years)

RATING

Lipper Total Return

Lipper Consistent Return
Lipper Preservation Return

3- Year
3
2
2

5-Year
2
2
2

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 was a volatile month for Malaysia as the FTSE Bursa Malaysia Kuala Lumpur Composite Index (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 stock selection. The top performing holdings for the fund were 7-Eleven Malaysia Holdings Berhad, George
Kent (Malaysia) 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. The
Prospectus has been registered and lodged with the Securities Commission Malaysia. Among others, investor should consider the fees and charges involved. The price of units and distributions
payable, if any, may go down as well as up. Past performances of the fund should not be taken as indicative of its future performance. Where a distribution is declared, investors are advised that
following the distribution, the NAV per unit will be reduced from cum-distribution NAV to ex-distribution NAV. Investments in the fund is exposed to credit and default risk, interest rate risk, and
equity specific 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 2 of 2