This Fund aims to maximise total returns through a combination of long term* growth of capital and current income.

*Note: "long term" in this context refers to a period of between 5 - 7 years.

Investment Policies and Strategies

The Fund seeks to achieve its investment objective through a diversified portfolio of primarily Asian core/large companies [1] securities, Asian small companies [2] securities and Asian fixed income securities and money market instruments [3].

The External Investment Manager will initially invest approximately 50% of the Fund's Net Asset Value ("NAV") in the securities of and securities relating to Asian core / large companies, 30% of the Fund's NAV in the securities of and securities relating to Asian small companies and 20% of the Fund's NAV in Asian fixed income securities / money market instruments.

The Fund's investments in the securities of Asian core / large companies and Asian small companies are those companies that are listed on the approved Asian stock exchanges (inclusive of the Australian and New Zealand Stock Exchanges) and have at least 50% of its business operations located in Asia and/or have at least 50% of its revenues derived from Asia.

[1] Companies that are not belonging to the below criteria set for the definition of Asian smaller companies and may be constituent or non-constituent stocks of the MSCI AC Far East ex Japan equities Index .

[2] Companies with a market capitalisation lower than the market capitalisation of the 50th percentile constituent (i.e. the median point of the index constituents market capitalisation) company (the "Cap"*) of the MSCI AC Asia Pacific Ex Japan Index or other recognised Asia Pacific ex Japan index ("Index"^); and which may be constituent or non-constituent stocks of the Index.

* Investors should note that the Fund will only observe the Cap at the time of investment in a company. If the Fund invests in a company and the market capitalisation of the company is subsequently higher than the current Cap, the Fund may continue to hold the stock in the company.

^ Investors should note that the Index used may be different from the benchmark against which the performance of the Fund is measured, namely, the FTSE Global Smallcap Series Asia Pacific Ex Japan (formerly known as FTSE Asia Pacific x Japan Small Cap).

[3] Asian fixed income securities and money market instruments are defined as debt securities issued by Asian corporations, financial institutions, governments and their agencies (including money market instruments).

For the purposes of its tactical asset allocation, the External Investment Manager will have the discretion to allocate 20% to 60% of the Fund's NAV for investments in the securities of Asian core/large companies and / or up to 40% of the Fund's NAV in the securities of Asian small companies and / or 20% to 60% of the Fund's NAV in fixed income securities / money market instruments from the various segments which represents the asset allocation.

The asset allocation decisions will be made by the External Investment Manager who will examine the case for small cap, large cap and fixed income securities at different market and business cycles every quarter. Besides the quarterly strategy meeting to determine the asset allocation, the External Investment Manager will also meet monthly to ensure that the quarterly strategy asset allocation remains relevant. Asset allocation decisions are based on their respective performance, valuation, market/sector exposure and liquidity.

This Fund's portfolio will be structured as follows:

20% - 60% of Net Asset Value
- Investments in securities of and securities relating to Asian core/large companies.

Up to 40% of Net Asset Value
- Investments in securities of and securities relating to Asian small companies.

20% - 60% of Net Asset Value
- Investments in Asian fixed income securities and money market instruments including cash and deposits with licensed financial institutions.

Some basic fees:

Fund Category / Type	-	Equity/Bond / Growth and Income fund
Service Charge	-	Up to 5% of investment amount
Annual Management Fee	-	1.80% of Net Asset Value before deducting the Manager's and Trustee's fees for that particular day.
Annual Trustee Fee	-	0.08% of Net Asset Value before deducting the Manager's and Trustee's fees for that particular day, subject to a minimum of RM18,000 per annum (excluding foreign custodian fees and charges). Further, if the Trustee is the counter party for a hedge transaction in relation to the Fund, then an additional fee of 0.03% per annum of the amount hedged or the security value under the hedge, whichever is higher, is payable to the Trustee.
Investor Profiles	-	This Fund is suitable for investors who: wish to participate in the fast growing Asian markets; seek a flexible investment mandate capable of capitalising and adapting to prevailing market conditions; and are willing to accept moderate risk in their investments in order to achieve long term capital growth and income.
Income Distribution Mode	-	Distributions, if any will be reinvested to purchase additional units in the Fund based on the Net Asset Value of a Unit as at the first Business Day when units are quoted ex-entitlement. Allotment of such units shall be within one month thereafter. However, Unit Holders may, after allotment, redeem the said reinvested units for cash, if they so wish. They can make a request to repurchase all or part of their units.