FWD ISLAMIC SUKUK FUND

Monthly Fund Performance Update - 30 June 2020

Fund Details Fund Performance Table

Fund Category ^Since Local Fixed Income – Islamic (Feeder Fund) Return (%) 3 MTH 6 MTH 1 YR 3 YR Inception

Management Fee Fund 2.93 2.95 6.56 18.54 30.67 1.0% per annum of the Fund’s value Benchmark 3.05 4.65 7.73 18.71 24.94

The Fund’s Manager FWD Takaful Berhad Calendar Year (formerly known as HSBC Amanah Takaful (Malaysia) Berhad) Return (%) 2019 2018 2017 2016 Target Fund 8.48 4.47 4.65 5.04 Target Fund Benchmark 6.74 4.08 4.62 3.95

Principal Islamic Lifetime Sukuk Fund (The Target Fund’s name changed from CIMB Islamic Sukuk Fund to Principal ^Inception: February 2016 Islamic Lifetime Sukuk Fund, effective 31st Dec 2019) The basis of calculation for the past performance: Benchmark NAV Return = (End Period NAV per Unit/Begin Period NAV per Unit) - 1 Quantshop GII Medium Index (Source: www.quantshop.com) Past performance of the fund is not an indication of its future performance. Investment Objective This is strictly the performance of the investment fund, and not the returns To achieve capital appreciation in medium to long term by investing in earned on the actual contributions paid of the investment-linked product. Principal Islamic Lifetime Sukuk Fund (“Target Fund”), a Shariah-compliant collective investment scheme aims to gain higher than average income over Strategy & Market Review the medium to long term by investing in a diversified portfolio consisting principally of Sukuk, certificates of deposit, short term market  The fund invests up to 100% of its net asset value (NAV) into the Target Fund instruments & other permissible investments under the Shariah principles. which invest in a diversified portfolio of Shariah-compliant fixed income securities consisting of Sukuk and aims to provide a steady stream of income .Performance Chart from the profit of Sukuk. The assets allocation strategy will be reviewed

periodically to suit the market conditions. Since Inception - Percentage Growth Total Return  In Jun, capital markets continue to recover in the third consecutive months 35 amid supporting fiscal and monetary stimulus, and the reopening of

30 economies. Malaysia Government has announced its third stimulus package of RM35bn bringing total stimulus to date to RM295bn while monetary 25 policy is likely to remain accommodative to support domestic consumption.

 Malaysia recorded a trade deficit of RM3.5bn for Apr, the first deficit since 20 Oct 1997 while the country’s Consumer Price Index (CPI) fell by 2.9% YoY in Apr inviting more rate cuts in the next BNM’s Meeting 15 scheduled on 7 July.

10  The GII yield increased in June: 3y, 5y, 7y, 10y, and 15y indicative yields were at 2.33% (+3bps), 2.57% (+6bps), 2.73% (+4bps), 2.84% (+14bps), and 3.48% 5 (+19bps). The foreign funds inflow into local debt securities rose to RM11.6bn in Jun, which is the fastest pace in over four years attributed to 0 recovery optimism following the Government’s implementation of the Feb 16 Dec 16 Nov 17 Sep 18 Aug 19 Jun 20 Recovery Movement Control Order (RMCO) on June 10. Fund Benchmark Target Fund - Portfolio Composition

Principal Islamic Lifetime Sukuk Fund – Asset Allocation Top Holdings (%)

Islamic Money Market Instruments / Cash Government Investments Issues 14.0 10.93% DRB-Hicom Bhd 8.8 Edra Energy Sdn Bhd 6.9 Mah Sing Group Bhd 4.4 Unquoted Sukuk YTL Power International Bhd 4.3 89.07% Quantum Solar Park 4.1 Perbadanan Kemajuan Negeri Selangor 2.6 UEM Sunrise Bhd 2.5 IJM Corp Bhd 2.4 WCT Holdings Bhd 2.4 Source: Principal Asset Management Bhd

(formerly known as CIMB-Principal Asset Management Bhd)

Risk Disclosure

The investment risks associated to the fund include Fund Management Risk, Market Risk, Credit Risk, Counterparty Risk, Liquidity Risk and Rate Risk. Other risks of investing in the Target Funds are stated in the prevailing prospectus of the Target Funds. This Monthly Fund Performance Update should be read in conjunction with the Product Disclosure Sheet and the Fund Fact Sheet which include the detail risks associated, the basis and frequency of valuing assets underlying of the Fund, the fund management fee and other charges related to the Fund. The risks disclosed above are not all risks which may be possibly relevant to a specific prospective participant. The fund may be exposed to other risks from time to time. Viewers are advised to contact FWD Takaful Berhad for further information and professional advice pertaining to the products offered by us.

Disclaimer: This Monthly Fund Performance Update has been prepared by FWD Takaful Berhad strictly for general information and illustration purposes only and should not be construed as an offer, solicitation or recommendation to sell or buy any security, financial product or to conclude a Takaful Certificate. Although the materials used in preparing this presentation are obtained from sources believed to be reliable, FWD Takaful Berhad makes no guarantee on the accuracy and completeness of the information. Any analysis, opinion, and forward-looking statement expressed are without any obligation and subject to change without notification. It is not in any way or manner intended to be treated as giving you any form of advice. Past performance is not an indication of future performance. FWD Takaful Berhad hereby disclaims any liability whatsoever should viewers suffer losses merely relying on the information contained herein.

FWD Takaful Berhad, Registration No. 200601011780 [731530-M] Level 29 Menara Shell, 211 Jalan Tun Sambanthan, Brickfields, 50470 Kuala Lumpur | (T) 03 2771 7888 | (F) 03 2710 7800 | fwd.com.my