Monthly Fund Fact Sheet - June 2018

Monthly Fund Fact Sheet - June 2018
HLA Venture Growth Fund (HLAVGF)




Monthly Fund Fact Sheet
— June 2018
Monthly Fund Fact Sheet - June 2018
Contents


Daily Valuation Funds

HLA Venture Growth Fund ........................................................................................................................................................1
HLA Venture Blue Chip Fund .....................................................................................................................................................3
HLA Venture Dana Putra ...........................................................................................................................................................5
HLA Venture Flexi Fund .............................................................................................................................................................7
HLA Value Fund .........................................................................................................................................................................9
Hong Leong SMART Invest Fund .............................................................................................................................................12
Hong Leong SMART Growth Fund ...........................................................................................................................................15
HLA Venture Global Fund ........................................................................................................................................................18
HLA Venture Managed Fund ...................................................................................................................................................21
HLA Venture Income Fund ......................................................................................................................................................24



Weekly Valuation Funds

HLA EverGreen Funds ..............................................................................................................................................................26
HLA Dana Suria ........................................................................................................................................................................32
HLA Secure Fund .....................................................................................................................................................................35
HLA Cash Fund.........................................................................................................................................................................38
Fund Risk Type & Customer Risk Appetite ..............................................................................................................................41
Monthly Fund Fact Sheet - June 2018
HLA Venture Growth Fund (HLAVGF)
HLA Venture Growth Fund
June 2018

Fund Features                                                                                   Historical Performance
1. Investment Objective                                                                               2.90
                                                                                                                                                 HLAVGF                                                 Benchmark
The objective of the fund is to achieve higher returns than the
general stock market by investing into growth stocks which                                            2.40
                                                                                                  I
potentially generate more superior returns.
                                                                                                  n
                                                                                                  d   1.90
2. Investment Strategy & Approach
This fund focuses on growth stocks listed in Bursa Malaysia and/or                                e
in any foreign stock exchanges that provide potentially higher                                    x   1.40
capital gains.                                                                                    e
                                                                                                  d   0.90
3. Asset Allocation
The fund may invest up to 95% of its NAV in equities.
                                                                                                      0.40




                                                                                                             19-Jan-00
                                                                                                                         19-Jan-01
                                                                                                                                     19-Jan-02
                                                                                                                                                 19-Jan-03
                                                                                                                                                              19-Jan-04
                                                                                                                                                                          19-Jan-05
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                                                                                                                                                                                                                                                                                        19-Jan-14
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4. Target Market
This fund is suitable for investors with moderate to high-risk
appetite with a medium to long-term investment horizon.
                                                                                                                                                                                                                          Period
Fund Details
Unit Price (29/6/2018)                             :RM2.1206                                                                                                                                                                                                                            10                        Since
                                                                                                                                 YTD                     1 month 1 year 3 years                                                                    5 years
Fund Size (29/6/2018)                              :RM377.0mil                                                                                                                                                                                                                         years                    Inception
Fund Management Fee                                : 1.45% p.a. (capped at 1.50%)                HLAVGF                     -12.58%                          -1.81%                      -6.04%                           3.42%                           2.49%                        53.17%                               112.06%
(effective as at 01/11/2016)                                                                     Benchmark*                   -5.86%                         -2.82%                      -4.09%                           -0.89%                         -4.63%                        42.55%                               81.22%
Fund Manager                      :Hong Leong Assurance Berhad                                   Relative                     -6.72%                         1.01%                       -1.95%                           4.31%                           7.12%                        10.61%                               30.84%
Fund Category                     :Equity                                                       *Source: Bloomberg
Fund Inception                    :19 Jan 2000
Benchmark                         :FTSE Bursa Malaysia KLCI                                     Market Review, Outlook & Strategy
                                   Index (FBM KLCI)                                             June was a volatile month for global equity markets which took the cue from the
Frequency of Unit Valuation :Daily                                                              many macro and geo-political events. The decision by US President Donald
The Company reserves the right to change the cap of Fund                                        Trump on the US$50b in tariffs on Chinese imports and China’s subsequent
Management Fee (% p.a.) by giving the Policy Owner ninety (90)                                  retaliation spooked investors once again. As such, emerging markets were the
days prior written notice. The Fund Management Fee will be                                      worst affected on the back of escalating trade war tensions as money flowed back
reviewed monthly and will be revised if the previous month end                                  to developed markets in particular the US, on the back of a strong US dollar. A
actual asset allocation deviates by more than ten percent (10%) of                              more apparent synchronized tightening of liquidity in global markets also did not
the initial asset allocation.                                                                   help markets. The European Central Bank signaled a close to its quantitative
                                                                                                easing program while the Fed raised rates, followed by the guidance of 2 more
         Asset & Sector Allocation of HLAVGF as at 29 June 2018                                 hikes for the rest of the year.
                    Equity -
                                                                                                Domestically, foreign selling continued with total cumulative net selling of RM7b on
                   Properties
                     1.3%                                                                       a year to date basis. Investors were mainly concerned over short term policy
 Equity -                             Equity - Trading/
Plantation                                Services                                              uncertainty, opting to sell ahead of any potential negative news. The government
   4.5%                                    35.1%                                                was also seen undertaking GLC reform initiatives following the resignation of heads
                                                                                                in Telekom Malaysia, MRCB, Malaysian Airports and the chairman of PNB. The
    Equity -
  Manufacturing
                                                                                                Government also announced Datuk Nor Shamsiah as the new Bank Negara
     3.4%                                                   Cash                                governor following Tan Sri Muhammad Ibrahim’s resignation. Following the
                                                           19.2%                                retracement in oil prices which came under pressure from a proposed initiative by
                                                                                                Opec and Russia to ease up on global supply cuts despite softening demand, the
      Equity -
  Infrastructure                                                                                Ringgit depreciated in tandem to above RM4/US$ level.
       1.1%                     Equity - Finance
                                     16.7%                                   Equity - Foreign   During the month, the KLCI fell by 2.8% mom to close at 1,691.50pts on the back of
                                                                                  11.3%
                                                                                                a heavy sell down in the banking and telco sectors. Similarly broader markets also
              Equity -
             Industrial                                         Equity -
                                                                                                fell in tandem. FTSE Emas fell 1.4% mom in June and FTSE Emas Shariah was
              Product                                         Construction                      down by 0.7% mom, FTSE Bursa Small Cap index posted an increase of 1.5%
               3.3%                                              4.1%                           mom in June as it had fallen substantially much earlier. The Ringgit depreciated by
                                                                                                1.5% mom against the US$ to 4.0385.
Top 10 Holdings for HLAVGF as at 29 Jun 2018                                     %
 1.     MAYBANK                                                                8.4              Going forward, regional markets are expected to be volatile in the second half of the
 2.     CIMB                                                                   8.3              year due to short term uncertainties especially as trade war brick bats between the
 3.     TENAGA                                                                 7.4              two super powers continue whilst China’s economy is starting to slow down.
 4.     DIALOG                                                                 5.9              Domestically markets will also be volatile taking its cue from the region
 5.     TENCENT                                                                4.8              compounded by the ongoing review on mega projects, higher minimum wages,
 6.     YINSON                                                                 4.6              potential break up of monopolies and possible downgrade of corporate earnings.
 7.     INARI                                                                  3.4              Among the key events to watch for will be the upcoming Budget 2019 in November
 8.     AXIATA                                                                 3.2              as well as new policies introduced following the formation of the new cabinet.
 9.     SIMEPLT                                                                2.8              However, a volatile market does offer buying opportunities and themes that we still
 10     GENTING                                                                2.6              like are: 1) rising consumerism following more positive consumer sentiment, 2)
                                                                                                elevated crude oil prices and 3) blue chips with defensive earnings quality that
        Total Top 10                                                           51.4
                                                                                                offers steady dividend yield.




Hong Leong Assurance Berhad (94613-X)
Level 3, Tower B, PJ City Development, No. 15A, Jalan 219, Seksyen 51A, 46100 Petaling Jaya, Selangor.
Telephone 03-7650 1818 Fascimile 03-7650 1991
Customer Service Hotline 03-7650 1288 Customer Service Hotfax 03-7650 1299                                                                                                                                                                                                                                                                           1
Monthly Fund Fact Sheet - June 2018
HLA Venture Growth Fund (HLAVGF)
Actual Annual Investment Returns for the Past Five (5) Calendar Years
  Year                           2013             2014              2015             2016               2017
  Benchmark                     10.5%            -5.7%             -3.9%            -3.0%               9.5%
  HLAVGF- Gross                 16.3%            -3.2%             -0.6%            -0.1%              26.0%
  HLAVGF - Net                  13.6%            -4.4%             -1.9%            -1.5%              22.5%
Net returns are adjusted for tax and fund management fees.
Those are the actual returns in the past five (5) years, or since inception if shorter, and are strictly the performance of the investment-linked fund. Thus,
the returns are not earned on the actual premium paid of the investment-linked product.

Investment Risks
All investments carry risks. Policy Owners must be prepared to accept certain degree of risk associated with this Investment. The following are the non-
exhaustive list of risks associated to this fund.
1. Market Risk
      Market risk stems from the fact that there are other economy-wide perils, which threaten all businesses. It is mainly caused by uncertainties in the
      economy, political and social environment.

2.   Liquidity Risk
     Liquidity risk is the risk that the fund invested cannot be readily sold and converted into cash. This may arise when the trading volume is low and/or
     where there is a lack of demand for the security.

3.   Credit Risk
     This refers to the possibility that the issuer of a security will not be able to make timely payments of interest or principal repayment on the maturity
     date. The default may lead to a fall in the value of the funds.

4.   Interest Rate Risk
     The level of interest rates has an impact on the value of investments. Any increase in rates will lead to a fall in the value of securities, thus affecting
     the value of the funds.

5.   Country Risk
     The foreign investment of a fund may be affected by the political & economic conditions of the country which the investments are made.

6.   Currency Risk
     This risk is associated with investments that are denominated in foreign currencies. Fluctuation in foreign exchange rates will have an impact on the
     value of the funds.

Basis of Unit Valuation
1. The assets of every fund are to be valued to determine the value at which units of a particular fund can be liquidated or purchased for investment
    purposes.
2. The unit price of a unit of a fund shall be determined by the Company but in any event shall not be less than the value of fund of the relevant fund (as
    defined below), divided by the number of units of the given fund in issue on the business day before the valuation date, and the result adjusted to the
    nearest one hundredth of a cent.
3. The maximum value of any asset of any fund shall not exceed the following price:
    a) The last transacted market price at which those assets could be purchased or sold on the business day before the valuation date; or
    b) In the case of securities for which market values are not readily available, the price at which, in our Investment Manager’s opinion, the asset
         may have been purchased on the business day before the valuation date;
    plus any expenses which would have been incurred in its acquisition.
4. To ensure fair treatment to all unit holders, the cost of acquiring and disposing of assets is recouped by making a transaction cost adjustment to the
    net asset value per unit.

Exceptional Circumstances
The Company reserves the right to defer the payment of benefits (other than death benefit) under this Policy for a period not exceeding six (6) months
from the date the payment would have been normally effected if not for intervening events such as temporary closure of any Stock Exchange in which the
fund is invested which the Company, in its discretion, may consider exceptional.

Basis of Calculation of Past Performance
The historical performance of the fund is calculated based on the price difference over the period in consideration compared to the older price of the
period in consideration.

                         Unit Pricet − Unit Pricet-1
                               Unit Price t-1

Others
HLA Venture Growth Fund is managed by Hong Leong Assurance Berhad (HLA). Any amount invested in this fund is invested by HLA on behalf of Policy
Owner in equity, fixed income, collective investment scheme, foreign asset, derivatives and money market instrument/s. If the financial institutions and/or
corporations issuing the equity, fixed income, collective investment scheme, foreign asset, derivatives and money market instruments defaults or insolvent,
the Policy Owner risks losing part or all of his/her amount that were invested into the instruments on his/her behalf by HLA.

THIS IS AN INSURANCE PRODUCT THAT IS TIED TO THE PERFORMANCE OF THE UNDERLYING ASSETS, AND IS NOT A PURE INVESTMENT
PRODUCT SUCH AS UNIT TRUSTS.

Disclaimer:
Policy Owner must evaluate your options carefully and satisfy yourself that the investment-linked fund chosen meets your risk appetite. Past performance
of the fund is not an indication of its future performance. The intention of this document is to enable Policy Owner to better understand the fund features
and details in order to assist Policy Owner to making an informed decision. This document shall not be construed as professional advice on investment
choices.




                                                                                                                                                                   2
HLA Venture Blue Chip Fund (HLAVBCF)
HLA Venture Blue Chip Fund
June 2018

Fund Features                                                                 Historical Performance
1. Investment Objective                                                            2.80
                                                                                                                               HLAVBCF                                                 Benchmark
The objective of the fund is to achieve returns comparable to the
general stock market by taking average risks, with focus on well-              I   2.40
capitalised and financially sound “blue chip” stocks to achieve a              n   2.00
balance of capital gains and dividend income.                                  d
                                                                               e   1.60
2. Investment Strategy & Approach
                                                                               x   1.20
This fund provides participation in the stock market without taking
excessive risk by focusing on fundamentally strong “blue chip”                 e
                                                                               d   0.80
stocks listed in Bursa Malaysia and/or in any foreign stock
exchanges. This fund is suitable for investors with moderate risk                  0.40
tolerance and expects returns that are comparable to the market as




                                                                                          31-Jan-00
                                                                                                      31-Jan-01
                                                                                                                   31-Jan-02
                                                                                                                               31-Jan-03
                                                                                                                                           31-Jan-04
                                                                                                                                                         31-Jan-05
                                                                                                                                                                     31-Jan-06
                                                                                                                                                                                 31-Jan-07
                                                                                                                                                                                             31-Jan-08
                                                                                                                                                                                                          31-Jan-09
                                                                                                                                                                                                                       31-Jan-10
                                                                                                                                                                                                                                   31-Jan-11
                                                                                                                                                                                                                                               31-Jan-12
                                                                                                                                                                                                                                                           31-Jan-13
                                                                                                                                                                                                                                                                       31-Jan-14
                                                                                                                                                                                                                                                                                   31-Jan-15
                                                                                                                                                                                                                                                                                               31-Jan-16
                                                                                                                                                                                                                                                                                                           31-Jan-17
                                                                                                                                                                                                                                                                                                                       31-Jan-18
represented by the FTSE Bursa Malaysia Kuala Lumpur Composite
Index (FBM KLCI).

3. Asset Allocation                                                                                                                                                                                      Period
The fund may invest up to 95% of its NAV in equities.
                                                                                                                                                                                                                                                                             10                          Since
                                                                                                                   YTD                       1 month                             1 year 3 years 5 years
4. Target Market                                                                                                                                                                                                                                                            years                      Inception
This fund is suitable for investors with moderate risk tolerance and           HLAVBCF                            -12.38%                              -1.70%                     -6.61%                              1.64%                     11.25%                         79.03%                      139.20%
expects returns that are comparable to the market as represented               Benchmark*                         -5.86%                               -2.82%                     -4.09%                              -0.89%                     -4.63%                        42.55%                        81.22%
by the FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM                   Relative                           -6.52%                               1.12%                      -2.51%                              2.53%                     15.88%                         36.47%                        57.98%
KLCI).                                                                        *Source: Bloomberg

Fund Details                                                                  Market Review, Outlook & Strategy
Unit Price (29/6/2018)                     : RM2.392                          June was a volatile month for global equity markets which took the cue from the
Fund Size (29/6/2018)                      : RM207.6mil                       many macro and geo-political events. The decision by US President Donald
Fund Management Fee                        : 1.48% p.a. (capped at 1.50%)     Trump on the US$50b in tariffs on Chinese imports and China’s subsequent
(effective as at 01/04/2017)                                                  retaliation spooked investors once again. As such, emerging markets were the
Fund Manager                       : Hong Leong Assurance Berhad              worst affected on the back of escalating trade war tensions as money flowed
Fund Category                      : Equity                                   back to developed markets in particular the US, on the back of a strong US
Fund Inception                     : 19 Jan 2000                              dollar. A more apparent synchronized tightening of liquidity in global markets
Benchmark                          : FTSE Bursa Malaysia KLCI Index           also did not help markets. The European Central Bank signaled a close to its
                                     (FBM KLCI)                               quantitative easing program while the Fed raised rates, followed by the
Frequency of Unit Valuation        : Daily                                    guidance of 2 more hikes for the rest of the year.
The Company reserves the right to change the cap of Fund
Management Fee (% p.a.) by giving the Policy Owner ninety (90)                Domestically, foreign selling continued with total cumulative net selling of RM7b
days prior written notice. The Fund Management Fee will be                    on a year to date basis. Investors were mainly concerned over short term policy
reviewed monthly and will be revised if the previous month end                uncertainty, opting to sell ahead of any potential negative news. The
actual asset allocation deviates by more than ten percent (10%) of            government was also seen undertaking GLC reform initiatives following the
the initial asset allocation.                                                 resignation of heads in Telekom Malaysia, MRCB, Malaysian Airports and the
                                                                              chairman of PNB. The Government also announced Datuk Nor Shamsiah as
                                                                              the new Bank Negara governor following Tan Sri Muhammad Ibrahim’s
             Asset & Sector Allocation of HLAVBCF as at 29 Jun 2018
                                                                              resignation. Following the retracement in oil prices which came under pressure
          Equity - Reits                                                      from a proposed initiative by Opec and Russia to ease up on global supply cuts
 Equity -     1.1%
                                                                              despite softening demand, the Ringgit depreciated in tandem to above
Properties                      Equity -                                      RM4/US$ level.
  1.5%                          Trading/
                                Services          Cash
 Equity -                        31.4%
                                                                              During the month, the KLCI fell by 2.8% mom to close at 1,691.50pts on the
                                                 19.1%
Plantation                                                                    back of a heavy sell down in the banking and telco sectors. Similarly broader
   3.3%                                                          Equity -     markets also fell in tandem. FTSE Emas fell 1.4% mom in June and FTSE
          Equity -                                               Foreign      Emas Shariah was down by 0.7% mom, FTSE Bursa Small Cap index posted
      Manufacturing                                               10.4%       an increase of 1.5% mom in June as it had fallen substantially much earlier.
            3.5%                      Equity -                                The Ringgit depreciated by 1.5% mom against the US$ to 4.0385.
    Equity -                          Finance
Infrastructure      Equity -           20.3%                                  Going forward, regional markets are expected to be volatile in the second half
     0.8%          Industrial                              Equity -           of the year due to short term uncertainties especially as trade war brick bats
                   Product                               Construction         between the two super powers continue whilst China’s economy is starting to
                    4.6%                                    4.1%              slow down. Domestically markets will also be volatile taking its cue from the
Top 10 Holdings for HLAVBCF as at 29 Jun 2018                     %           region compounded by the ongoing review on mega projects, higher minimum
 1.     CIMB                                                       8.3        wages, potential break up of monopolies and possible downgrade of corporate
 2.     MAYBANK                                                    8.0        earnings. Among the key events to watch for will be the upcoming Budget 2019
 3.     TENAGA                                                     6.7        in November as well as new policies introduced following the formation of the
 4.     YINSON                                                     6.6        new cabinet. However, a volatile market does offer buying opportunities and
 5.     TENCENT                                                    4.1        themes that we still like are: 1) rising consumerism following more positive
 6.     PBBANK                                                     4.1        consumer sentiment, 2) elevated crude oil prices and 3) blue chips with
 7.     INARI                                                      3.5        defensive    earnings    quality   that   offers   steady     dividend   yield.
 8.     AXIATA                                                     3.0
 9.     GENM                                                       3.0
 10     DIGI                                                       2.5
        Total Top 10                                              49.7


Hong Leong Assurance Berhad (94613-X)
Level 3, Tower B, PJ City Development, No. 15A, Jalan 219, Seksyen 51A, 46100 Petaling Jaya, Selangor.
Telephone 03-7650 1818 Fascimile 03-7650 1991
Customer Service Hotline 03-7650 1288 Customer Service Hotfax 03-7650 1299                                                                                                                                                                                                                                                     3
HLA Venture Blue Chip Fund (HLAVBCF)
Actual Annual Investment Returns for the Past Five (5) Calendar Years
 Year                       2013            2014             2015                     2016              2017
 Benchmark                 10.5%           -5.7%            -3.9%                    -3.0%             9.5%
 HLAVBF- Gross             21.4%            3.2%            1.1%                     -0.1%             23.6%
 HLAVBF - Net              18.3%            1.5%            -0.4%                    -1.6%             20.3%

Net returns are adjusted for tax and fund management fees.
Those are the actual returns in the past five (5) years, or since inception if shorter, and are strictly the performance of the investment-linked fund. Thus,
the returns are not earned on the actual premium paid of the investment-linked product.
Investment Risks
All investments carry risks. Policy Owners must be prepared to accept certain degree of risk associated with this Investment. The following are the non-
exhaustive list of risks associated to this fund.
1. Market Risk
      Market risk stems from the fact that there are other economy-wide perils, which threaten all businesses. It is mainly caused by uncertainties in the
      economy, political and social environment.

2.   Liquidity Risk
     Liquidity risk is the risk that the fund invested cannot be readily sold and converted into cash. This may arise when the trading volume is low and/or
     where there is a lack of demand for the security.
3.   Credit Risk
     This refers to the possibility that the issuer of a security will not be able to make timely payments of interest or principal repayment on the maturity
     date. The default may lead to a fall in the value of the funds.
4.   Interest Rate Risk
     The level of interest rates has an impact on the value of investments. Any increase in rates will lead to a fall in the value of securities, thus affecting
     the value of the funds.

5.   Country Risk
     The foreign investment of a fund may be affected by the political & economic conditions of the country which the investments are made.

6.   Currency Risk
     This risk is associated with investments that are denominated in foreign currencies. Fluctuation in foreign exchange rates will have an impact on the
     value of the funds.
Risk Management
The Company has in place its Authorized Investment Framework which forms part of the Risk Management process. The authority framework will cover
the nature and scope of the investment authority that is exercisable by various parties in managing the Company’s investments. Besides this, sensitivity
and stress testing is conducted to inform the Company’s management the profit & loss profiles of their investments under different pre-defined risk
scenarios and the necessary action to be taken if the potential losses exceed the Company’s risk tolerance level.
Basis of Unit Valuation
1. The assets of every fund are to be valued to determine the value at which units of a particular fund can be liquidated or purchased for investment
    purposes.
2. The unit price of a unit of a fund shall be determined by the Company but in any event shall not be less than the value of fund of the relevant fund (as
    defined below), divided by the number of units of the given fund in issue on the business day before the valuation date, and the result adjusted to the
    nearest one hundredth of a cent.
3. The maximum value of any asset of any fund shall not exceed the following price:
    a) The last transacted market price at which those assets could be purchased or sold on the business day before the valuation date; or
    b) In the case of securities for which market values are not readily available, the price at which, in our Investment Manager’s opinion, the asset
         may have been purchased on the business day before the valuation date;
    plus any expenses which would have been incurred in its acquisition.
4. To ensure fair treatment to all unit holders, the cost of acquiring and disposing of assets is recouped by making a transaction cost adjustment to the
    net asset value per unit.

Exceptional Circumstances

The Company reserves the right to defer the payment of benefits (other than death benefit) under this Policy for a period not exceeding six (6) months
from the date the payment would have been normally effected if not for intervening events such as temporary closure of any Stock Exchange in which the
fund is invested which the Company, in its discretion, may consider exceptional.

Basis of Calculation of Past Performance
The historical performance of the fund is calculated based on the price difference over the period in consideration compared to the older price of the
period in consideration.
                                                                                Unit Pricet − Unit Pricet-1
                                                                                      Unit Price t-1
Others
HLA Venture Blue Chip Fund is managed by Hong Leong Assurance Berhad (HLA). Any amount invested in this fund is invested by HLA on behalf of
Policy Owner in equity, fixed income, collective investment scheme, foreign asset, derivatives and money market instrument/s. If the financial institutions
and/or corporations issuing the equity, fixed income, collective investment scheme, foreign asset, derivatives and money market instruments defaults or
insolvent, the Policy Owner risks losing part or all of his/her amount that were invested into the instruments on his/her behalf by HLA.

THIS IS AN INSURANCE PRODUCT THAT IS TIED TO THE PERFORMANCE OF THE UNDERLYING ASSETS, AND IS NOT A
PURE INVESTMENT PRODUCT SUCH AS UNIT TRUSTS.
Disclaimer:
Policy Owner must evaluate your options carefully and satisfy yourself that the investment-linked fund chosen meets your risk appetite. Past performance
of the fund is not an indication of its future performance. The intention of this document is to enable Policy Owner to better understand the fund features
and details in order to assist Policy Owner to making an informed decision. This document shall not be construed as professional advice on investment
choices.

                                                                                                                                                                   4
HLA Venture Dana Putra (HLAVDP)
June 2018

Fund Features                                                                 Historical Performance
1. Investment Objective
The objective of the fund is to achieve capital growth over the                     3.10
                                                                                                                                 HLAVDP                                                 Benchmark
medium to long term.
                                                                                I   2.60
2. Investment Strategy & Approach
This fund invests in Syariah-approved securities and money market               n
instruments. This is a balanced fund with a medium risk profile.                d   2.10
                                                                                e
3. Asset Allocation                                                             x   1.60
The fund will invest up to 90% but not less than 40% of its NAV in
equities.                                                                       e
                                                                                    1.10
                                                                                d
4. Target Market
This fund is suitable for investors who are willing to take moderate                0.60




                                                                                           19/Jul/00
                                                                                                        19/Jul/01
                                                                                                                    19/Jul/02
                                                                                                                                19/Jul/03
                                                                                                                                            19/Jul/04
                                                                                                                                                        19/Jul/05
                                                                                                                                                                    19/Jul/06
                                                                                                                                                                                19/Jul/07
                                                                                                                                                                                            19/Jul/08
                                                                                                                                                                                                         19/Jul/09
                                                                                                                                                                                                                     19/Jul/10
                                                                                                                                                                                                                                  19/Jul/11
                                                                                                                                                                                                                                              19/Jul/12
                                                                                                                                                                                                                                                          19/Jul/13
                                                                                                                                                                                                                                                                       19/Jul/14
                                                                                                                                                                                                                                                                                   19/Jul/15
                                                                                                                                                                                                                                                                                               19/Jul/16
                                                                                                                                                                                                                                                                                                           19/Jul/17
risk.

Fund Details
 Unit Price (29/6/2018)                : RM2.4668                                                                                                                                                Period
 Fund Size (29/6/2018)                 : RM68.3mil                                                                                                                                                                                                                                               Since
                                                                                                        YTD                     1 month                             1 year                      3 years                          5 years                     10 years
                                                                                                                                                                                                                                                                                               Inception
 Fund Management Fee                   : 1.40% p.a. (capped at 1.40%)
 (effective as at 01/09/2016)                                                 HLAVDP                   -11.06%                         0.81%                         -5.36%                             2.54%                      10.92%                             54.45%                      146.68%
                                                                              Benchmark*               -9.10%                        -0.69%                          -5.69%                             -0.95%                      -1.64%                            40.82%                         90.96%
 Fund Manager                          : Hong Leong Assurance Berhad          Relative        -1.96%                                   1.50%                          0.33%                             3.49%                      12.56%                             13.63%                         55.72%
 Fund Category                         : Equity                               Source: Bloomberg
 Fund Inception                        : 19 Jul 2000
 Benchmark                             : FBM EmasShariah Index (KL            Market Review, Outlook & Strategy
                                          Shariah Index)                      June was a volatile month for global equity markets which took the cue from the
                                                                              many macro and geo-political events. The decision by US President Donald
 Frequency of Unit Valuation           : Daily                                Trump on the US$50b in tariffs on Chinese imports and China’s subsequent
                                                                              retaliation spooked investors once again. As such, emerging markets were the
The Company reserves the right to change the cap of Fund                      worst affected on the back of escalating trade war tensions as money flowed
Management Fee (% p.a.) by giving the Policy Owner ninety (90)                back to developed markets in particular the US, on the back of a strong US
days prior written notice. The Fund Management Fee will be                    dollar. A more apparent synchronized tightening of liquidity in global markets also
reviewed monthly and will be revised if the previous month end                did not help markets. The European Central Bank signaled a close to its
actual asset allocation deviates by more than ten percent (10%) of            quantitative easing program while the Fed raised rates, followed by the guidance
the initial asset allocation.                                                 of 2 more hikes for the rest of the year.
              Asset & Sector Allocation of HLAVDP as at 29 Jun 2018
                                                                              Domestically, foreign selling continued with total cumulative net selling of RM7b
                                 Equity -                          Equity -   on a year to date basis. Investors were mainly concerned over short term policy
                                Properties                       Technology   uncertainty, opting to sell ahead of any potential negative news. The government
          Equity -                3.6%                                        was also seen undertaking GLC reform initiatives following the resignation of
                                                                    3.0%
        Plantation                                                            heads in Telekom Malaysia, MRCB, Malaysian Airports and the chairman of
            8.1%                                                              PNB. The Government also announced Datuk Nor Shamsiah as the new Bank
   Equity -
                                                                              Negara governor following Tan Sri Muhammad Ibrahim’s resignation. Following
 Manufacturin                                         Equity -
                                                                              the retracement in oil prices which came under pressure from a proposed
      g          Equity -                             Trading/
                                                                              initiative by Opec and Russia to ease up on global supply cuts despite softening
    4.3%         Finance                              Services
                                                                              demand, the Ringgit depreciated in tandem to above RM4/US$ level.
                   1.8%                                27.1%
                                                                              During the month, the KLCI fell by 2.8% mom to close at 1,691.50pts on the back
       Equity -     Equity -                                                  of a heavy sell down in the banking and telco sectors. Similarly broader markets
      Industrial   Consumer                       Cash                        also fell in tandem. FTSE Emas fell 1.4% mom in June and FTSE Emas Shariah
      Products       8.0%                        30.8%                        was down by 0.7% mom, FTSE Bursa Small Cap index posted an increase of
        10.2%               Equity -                                          1.5% mom in June as it had fallen substantially much earlier. The Ringgit
                        Construction                                          depreciated by 1.5% mom against the US$ to 4.0385.
                             3.3%
                                                                              Going forward, regional markets are expected to be volatile in the second half of
Top 10 Holdings for HLAVDP as at 29 Jun 2018                       %          the year due to short term uncertainties especially as trade war brick bats
 1.     TENAGA                                                8.0             between the two super powers continue whilst China’s economy is starting to
 2.     QL                                                    5.3             slow down. Domestically markets will also be volatile taking its cue from the
 3.     INARI                                                 4.2             region compounded by the ongoing review on mega projects, higher minimum
 4.     DIALOG                                                4.2             wages, potential break up of monopolies and possible downgrade of corporate
 5.     YINSON                                                3.8             earnings. Among the key events to watch for will be the upcoming Budget 2019
 6.     IOICORP                                               3.1             in November as well as new policies introduced following the formation of the
 7.     SIMEPLT                                               3.1             new cabinet. However, a volatile market does offer buying opportunities and
 8.     KERJAYA                                               2.9             themes that we still like are: 1) rising consumerism following more positive
 9.     AXIATA                                                2.7             consumer sentiment, 2) elevated crude oil prices and 3) blue chips with
 10     SPSETIA                                               2.4             defensive earnings quality that offers steady dividend yield.
        Total Top 10                                         39.7

                                                                              HLA Venture Dana Putra



Hong Leong Assurance Berhad (94613-X)
Level 3, Tower B, PJ City Development, No. 15A, Jalan 219, Seksyen 51A, 46100 Petaling Jaya, Selangor.
Telephone 03-7650 1818 Fascimile 03-7650 1991
Customer Service Hotline 03-7650 1288 Customer Service Hotfax 03-7650 1299                                                                                                                                                                                                                                             5
HLA Venture Dana Putra (HLAVDP)
Actual Annual Investment Returns for the Past Five (5) Calendar Years
 Year                       2013            2014            2015                      2016              2017
 Benchmark                 13.3%           -4.2%            2.4%                     -6.1%             10.7%
 HLAVDP- Gross             32.6%           -1.1%            4.9%                     -2.4%             20.8%
 HLAVDP - Net              28.6%           -2.4%            3.1%                     -3.6%             17.7%

Net returns are adjusted for tax and fund management fees.
Those are the actual returns in the past five (5) years, or since inception if shorter, and are strictly the performance of the investment-linked fund. Thus,
the returns are not earned on the actual premium paid of the investment-linked product.

Investment Risks
All investments carry risks. Policy Owners must be prepared to accept certain degree of risk associated with this Investment. The following are the non-
exhaustive list of risks associated to this fund.
1. Market Risk
      Market risk stems from the fact that there are other economy-wide perils, which threaten all businesses. It is mainly caused by uncertainties in the
      economy, political and social environment.

2.   Liquidity Risk
     Liquidity risk is the risk that the fund invested cannot be readily sold and converted into cash. This may arise when the trading volume is low and/or
     where there is a lack of demand for the security.

3.   Credit Risk
     This refers to the possibility that the issuer of a security will not be able to make timely payments of interest or principal repayment on the maturity
     date. The default may lead to a fall in the value of the funds.

4.   Interest Rate Risk
     The level of interest rates has an impact on the value of investments. Any increase in rates will lead to a fall in the value of securities, thus affecting
     the value of the funds.

Risk Management
The Company has in place its Authorized Investment Framework which forms part of the Risk Management process. The authority framework will cover
the nature and scope of the investment authority that is exercisable by various parties in managing the Company’s investments. Besides this, sensitivity
and stress testing is conducted to inform the Company’s management the profit & loss profiles of their investments under different pre-defined risk
scenarios and the necessary action to be taken if the potential losses exceed the Company’s risk tolerance level.

Basis of Unit Valuation
1. The assets of every fund are to be valued to determine the value at which units of a particular fund can be liquidated or purchased for investment
    purposes.
2. The unit price of a unit of a fund shall be determined by the Company but in any event shall not be less than the value of fund of the relevant fund (as
    defined below), divided by the number of units of the given fund in issue on the business day before the valuation date, and the result adjusted to the
    nearest one hundredth of a cent.
3. The maximum value of any asset of any fund shall not exceed the following price:
    a) The last transacted market price at which those assets could be purchased or sold on the business day before the valuation date; or
    b) In the case of securities for which market values are not readily available, the price at which, in our Investment Manager’s opinion, the asset
         may have been purchased on the business day before the valuation date;
    plus any expenses which would have been incurred in its acquisition.
4. To ensure fair treatment to all unit holders, the cost of acquiring and disposing of assets is recouped by making a transaction cost adjustment to the
    net asset value per unit.

Exceptional Circumstances
The Company reserves the right to defer the payment of benefits (other than death benefit) under this Policy for a period not exceeding six (6) months
from the date the payment would have been normally effected if not for intervening events such as temporary closure of any Stock Exchange in which the
fund is invested which the Company, in its discretion, may consider exceptional.

Basis of Calculation of Past Performance
The historical performance of the fund is calculated based on the price difference over the period in consideration compared to the older price of the
period in consideration.

                                                                                Unit Pricet − Unit Pricet-1
                                                                                      Unit Price t-1

Others
HLA Venture Dana Putra is managed by Hong Leong Assurance Berhad (HLA). Any amount invested in this fund is invested by HLA on behalf of Policy
Owner in equity, fixed income, collective investment scheme, foreign asset, derivatives and money market instrument/s. If the financial institutions and/or
corporations issuing the equity, fixed income, collective investment scheme, foreign asset, derivatives and money market instruments defaults or
insolvent, the Policy Owner risks losing part or all of his/her amount that were invested into the instruments on his/her behalf by HLA.

THIS IS AN INSURANCE PRODUCT THAT IS TIED TO THE PERFORMANCE OF THE UNDERLYING ASSETS, AND IS NOT A
PURE INVESTMENT PRODUCT SUCH AS UNIT TRUSTS.

Disclaimer:
Policy Owner must evaluate your options carefully and satisfy yourself that the investment-linked fund chosen meets your risk appetite. Past performance
of the fund is not an indication of its future performance. The intention of this document is to enable Policy Owner to better understand the fund features
and details in order to assist Policy Owner to making an informed decision. This document shall not be construed as professional advice on investment
choices.




                                                                                                                                                                   6
HLA Venture Flexi Fund (HLAVFF)
HLA Venture Flexi Fund
June 2018                                                                                  Historical Performance
                                                                                                2.40
Fund Features                                                                                                                           Benchmark                                              HLAVFF
1. Investment Objective                                                                         2.20
                                                                                            I
The objective of the fund is to provide investors the opportunity to                        n   2.00
enjoy medium to long-term capital appreciation from the prevailing                          d   1.80
sectorial and investment themes in Malaysian equities market.                                   1.60
                                                                                            e
2. Investment Strategy & Approach                                                           x   1.40
The fund would be actively managed, rotating between sectors                                e   1.20
deemed to benefit the most at any given point in time, and would                            d   1.00
comprise several Core Sectors and Trading / Rotational Sectors                                  0.80
which would vary depending on prevailing market conditions. The




                                                                                                       6-Apr-09
                                                                                                                  6-Oct-09
                                                                                                                             6-Apr-10
                                                                                                                                        6-Oct-10
                                                                                                                                                   6-Apr-11
                                                                                                                                                              6-Oct-11
                                                                                                                                                                         6-Apr-12
                                                                                                                                                                                    6-Oct-12
                                                                                                                                                                                               6-Apr-13
                                                                                                                                                                                                           6-Oct-13
                                                                                                                                                                                                                      6-Apr-14
                                                                                                                                                                                                                                 6-Oct-14
                                                                                                                                                                                                                                            6-Apr-15
                                                                                                                                                                                                                                                       6-Oct-15
                                                                                                                                                                                                                                                                  6-Apr-16
                                                                                                                                                                                                                                                                             6-Oct-16
                                                                                                                                                                                                                                                                                        6-Apr-17
                                                                                                                                                                                                                                                                                                   6-Oct-17
                                                                                                                                                                                                                                                                                                              6-Apr-18
strategy will be to identify the themes in its early phase to capitalize
on its growth. This fund is suitable for aggressive investors who are
willing to take higher risk and wish to seek higher returns from a
diversified portfolio with thematic investment opportunities.                                                                                                                                             Period
3. Asset Allocation                                                                                                                                                                                                                                                                           Since
                                                                                                                             YTD                   1 month                           1 year                           3 years                           5 years
The fund will invest a minimum of 30% and up to 95% of its NAV in                                                                                                                                                                                                                           Inception
equities.                                                                                   HLAVFF                     -17.52%                        -0.62%                        -11.13%                                4.47%                             12.32%                                81.66%
                                                                                            Benchmark*                  -5.86%                        -2.82%                          -4.09%                              -0.89%                             -4.63%                                83.11%
4. Target Market                                                                            Relative        -11.66%                                    2.20%                          -7.04%                               5.36%                             16.94%                                -1.45%
This fund is suitable for aggressive investors who are willing to take                     *Source: Bloomberg
higher risk and wish to seek higher returns from a diversified
portfolio with thematic investment opportunities.                                          Market Review, Outlook & Strategy
                                                                                           June was a volatile month for global equity markets which took the cue from the
Fund Details                                                                               many macro and geo-political events. The decision by US President Donald
Unit Price (29/6/2018)                         : RM0.9083                                  Trump on the US$50b in tariffs on Chinese imports and China’s subsequent
                                                                                           retaliation spooked investors once again. As such, emerging markets were the
Fund Size (29/6/2018)                          : RM45.9mil
                                                                                           worst affected on the back of escalating trade war tensions as money flowed
Fund Management Fee                            : 1.45% p.a. (capped at 1.48%)              back to developed markets in particular the US, on the back of a strong US
(effective as at 01/09/2016)                                                               dollar. A more apparent synchronized tightening of liquidity in global markets also
Fund Manager                                   : Hong Leong Assurance Berhad               did not help markets. The European Central Bank signaled a close to its
Fund Category                                  : Equity                                    quantitative easing program while the Fed raised rates, followed by the guidance
Fund Inception                                 : 06 April 2009                             of 2 more hikes for the rest of the year.
Benchmark                                      : FTSE Bursa Malaysia KLCI
                                                 Index (FBM KLCI)                          Domestically, foreign selling continued with total cumulative net selling of RM7b
                                                                                           on a year to date basis. Investors were mainly concerned over short term policy
Frequency of Unit Valuation                    : Daily                                     uncertainty, opting to sell ahead of any potential negative news. The government
The Company reserves the right to change the cap of Fund                                   was also seen undertaking GLC reform initiatives following the resignation of
Management Fee (% p.a.) by giving the Policy Owner ninety (90)                             heads in Telekom Malaysia, MRCB, Malaysian Airports and the chairman of
days prior written notice. The Fund Management Fee will be                                 PNB. The Government also announced Datuk Nor Shamsiah as the new Bank
reviewed monthly and will be revised if the previous month end                             Negara governor following Tan Sri Muhammad Ibrahim’s resignation. Following
actual asset allocation deviates by more than ten percent (10%) of                         the retracement in oil prices which came under pressure from a proposed
the initial asset allocation.                                                              initiative by Opec and Russia to ease up on global supply cuts despite softening
                                                                                           demand, the Ringgit depreciated in tandem to above RM4/US$ level.
          Asset & Sector Allocation of HLAVFF as at 29 Jun 2018
                                        Equity -                                           During the month, the KLCI fell by 2.8% mom to close at 1,691.50pts on the back
                                      Technology                                           of a heavy sell down in the banking and telco sectors. Similarly broader markets
                                         3.8%                                              also fell in tandem. FTSE Emas fell 1.4% mom in June and FTSE Emas Shariah
                     Equity - REITS
                                                             Equity - Trading/
                         1.1%
                                                                 Services
                                                                                           was down by 0.7% mom, FTSE Bursa Small Cap index posted an increase of
                                                                  28.3%                    1.5% mom in June as it had fallen substantially much earlier. The Ringgit
         Equity -             Equity -
        Properties
                                                                                           depreciated by 1.5% mom against the US$ to 4.0385.
                             Plantation
           2.4%                 4.1%
                                                                          Cash             Going forward, regional markets are expected to be volatile in the second half of
                   Equity -                                              24.3%
                 Manufacturing
                                                                                           the year due to short term uncertainties especially as trade war brick bats
                    4.0%                                                                   between the two super powers continue whilst China’s economy is starting to
                                                   Equity - Finance
                                                        15.3%
                                                                                           slow down. Domestically markets will also be volatile taking its cue from the
                                       Equity -
                                                                                           region compounded by the ongoing review on mega projects, higher minimum
                     Equity -         Industrial      Equity -                Equity -     wages, potential break up of monopolies and possible downgrade of corporate
                                                                            Construction
                 Infrastructure       Products       Consumer
                                                                              11.47%
                                                                                           earnings. Among the key events to watch for will be the upcoming Budget 2019
                      1.4%              8.6%           3.2%                                in November as well as new policies introduced following the formation of the
Top 10 Holdings for HLAVFF as at 29 Jun 2018                                       %       new cabinet. However, a volatile market does offer buying opportunities and
 1.     MAYBANK                                                                   7.9      themes that we still like are: 1) rising consumerism following more positive
 2.     CIMB                                                                      7.5      consumer sentiment, 2) elevated crude oil prices and 3) blue chips with
 3.     TENAGA                                                                    4.8      defensive earnings quality that offers steady dividend yield.
 4.     INARI                                                                     4.0
 5.     YINSON                                                                    3.5
 6.     GENM                                                                      2.7
 7.     LAYHONG                                                                   2.5
 8.     MMSV                                                                      2.5
 9.     AXIATA                                                                    2.4
 10     DIALOG                                                                    2.0
        Total Top 10                                                             39.7

Hong Leong Assurance Berhad (94613-X)
Level 3, Tower B, PJ City Development, No. 15A, Jalan 219, Seksyen 51A, 46100 Petaling Jaya, Selangor.
Telephone 03-7650 1818 Fascimile 03-7650 1991
Customer Service Hotline 03-7650 1288 Customer Service Hotfax 03-7650 1299                                                                                                                                                                                                                                               7
HLA Venture Flexi Fund (HLAVFF)
Actual Annual Investment Returns for the Past Five (5) Calendar Years
  Year                           2013             2014             2015              2016               2017
  Benchmark                     10.5%            -5.7%            -3.9%             -3.0%               9.5%
  HLAVFF- Gross                 24.1%            -3.9%            12.2%             -2.4%              30.6%
  HLAVFF - Net                  20.8%            -5.0%             9.8%             -3.7%              26.7%
Net returns are adjusted for tax and fund management fees.
Those are the actual returns in the past five (5) years, or since inception if shorter, and are strictly the performance of the investment-linked fund. Thus,
the returns are not earned on the actual premium paid of the investment-linked product.

Investment Risks
All investments carry risks. Policy Owners must be prepared to accept certain degree of risk associated with this Investment. The following are the non-
exhaustive list of risks associated to this fund.
1. Market Risk
      Market risk stems from the fact that there are other economy-wide perils, which threaten all businesses. It is mainly caused by uncertainties in the
      economy, political and social environment.

2.   Liquidity Risk
     Liquidity risk is the risk that the fund invested cannot be readily sold and converted into cash. This may arise when the trading volume is low and/or
     where there is a lack of demand for the security.

3.   Credit Risk
     This refers to the possibility that the issuer of a security will not be able to make timely payments of interest or principal repayment on the maturity
     date. The default may lead to a fall in the value of the funds.

4.   Interest Rate Risk
     The level of interest rates has an impact on the value of investments. Any increase in rates will lead to a fall in the value of securities, thus affecting
     the value of the funds.

5.   Country Risk
     The foreign investment of a fund may be affected by the political & economic conditions of the country which the investments are made.

6.   Currency Risk
     This risk is associated with investments that are denominated in foreign currencies. Fluctuation in foreign exchange rates will have an impact on the
     value of the funds.

Risk Management
The Company has in place its Authorized Investment Framework which forms part of the Risk Management process. The authority framework will cover
the nature and scope of the investment authority that is exercisable by various parties in managing the Company’s investments. Besides this, sensitivity
and stress testing is conducted to inform the Company’s management the profit & loss profiles of their investments under different pre-defined risk
scenarios and the necessary action to be taken if the potential losses exceed the Company’s risk tolerance level.

Basis of Unit Valuation
1. The assets of every fund are to be valued to determine the value at which units of a particular fund can be liquidated or purchased for investment
     purposes.
2. The unit price of a unit of a fund shall be determined by the Company but in any event shall not be less than the value of fund of the relevant fund (as
     defined below), divided by the number of units of the given fund in issue on the business day before the valuation date, and the result adjusted to the
     nearest one hundredth of a cent.
3. The maximum value of any asset of any fund shall not exceed the following price:
     a) The last transacted market price at which those assets could be purchased or sold on the business day before the valuation date; or
     b) In the case of securities for which market values are not readily available, the price at which, in our Investment Manager’s opinion, the asset
           may have been purchased on the business day before the valuation date;
     plus any expenses which would have been incurred in its acquisition.
4. To ensure fair treatment to all unit holders, the cost of acquiring and disposing of assets is recouped by making a transaction cost adjustment to the
     net asset value per unit.
Exceptional Circumstances
The Company reserves the right to defer the payment of benefits (other than death benefit) under this Policy for a period not exceeding six (6) months
from the date the payment would have been normally effected if not for intervening events such as temporary closure of any Stock Exchange in which the
fund is invested which the Company, in its discretion, may consider exceptional.

Basis of Calculation of Past Performance
The historical performance of the fund is calculated based on the price difference over the period in consideration compared to the older price of the
period in consideration.
                                                                                Unit Pricet − Unit Pricet-1
                                                                                      Unit Price t-1
Others
HLA Venture Flexi Fund is managed by Hong Leong Assurance Berhad (HLA). Any amount invested in this fund is invested by HLA on behalf of Policy
Owner in equity, fixed income, collective investment scheme, foreign asset, derivatives and money market instrument/s. If the financial institutions and/or
corporations issuing the equity, fixed income, collective investment scheme, foreign asset, derivatives and money market instruments defaults or
insolvent, the Policy Owner risks losing part or all of his/her amount that were invested into the instruments on his/her behalf by HLA.

THIS IS AN INSURANCE PRODUCT THAT IS TIED TO THE PERFORMANCE OF THE UNDERLYING ASSETS, AND IS NOT A
PURE INVESTMENT PRODUCT SUCH AS UNIT TRUSTS.

Disclaimer:
Policy Owner must evaluate your options carefully and satisfy yourself that the investment-linked fund chosen meets your risk appetite. Past performance
of the fund is not an indication of its future performance. The intention of this document is to enable Policy Owner to better understand the fund features
and details in order to assist Policy Owner to making an informed decision. This document shall not be construed as professional advice on investment
choices.

                                                                                                                                                                   8
HLA Value Fund (HLVF)
HLA Value Fund
June 2018

Fund Features                                                               Top 10 Holdings for HLVF as at 29 Jun 2018                                                                                                                 %
1. Investment Objective                                                      1.     MALAYAN BANKING BERHAD                                                                                                                            7.1
The objective of the fund is to achieve large capital gains by               2.     GAMUDA BERHAD                                                                                                                                     6.5
investing in companies that are well-managed and financially stable          3.     BURSA MALAYSIA BERHAD                                                                                                                             6.4
which are undervalued or at deep discount to their net tangible              4.     IHH HEALTHCARE BERHAD                                                                                                                             5.8
asset values.                                                                5.     GENTING MALAYSIA BERHAD                                                                                                                           5.6
                                                                             6.     PUBLIC BANK BERHAD                                                                                                                                5.0
2. Investment Strategy & Approach                                            7.     FRASER & NEAVE HOLDINGS BERHAD                                                                                                                    4.9
The strategy is to provide investors an access into a diversified            8.     MALAYSIA AIRPORTS HOLDINGS
portfolio of value stocks listed on Bursa Malaysia and/or in any                    BERHAD                                                                                                                                         4.9
foreign stock exchanges that offer potential capital appreciation.           9.     TENAGA NASIONAL BERHAD                                                                                                                         4.8
The fund may feed into collective investment schemes that meet               10     AEON CREDIT SERVICE M BHD                                                                                                                      4.6
the fund’s objective. At inception, the fund will invest by feeding into            Total Top 10                                                                                                                                   55.5
Hong Leong Penny Stock Fund (‘Target Fund’) with the option to
increase the number of funds or replace the Target Fund in future.          Historical Performance
The Target Fund will invest with a value investment strategy across
                                                                                  1.32
equity securities of all market capitalization level of companies                                                 Benchmark                                HLAVF
                                                                              I   1.27
operating in Malaysia. Generally, companies that have valuations                  1.22
at a discount to the market and/or its sector peers are selected.             n
                                                                                  1.17
Additionally, the Target Fund may also invest in stocks with market           d
                                                                                  1.12
capitalization of up to RM1 billion that are not well covered by              e   1.07
equity research houses and stockbrokers.                                      x   1.02
                                                                              e   0.97
3. Plough Back Mechanism                                                      d   0.92




                                                                                                                          1-Apr-16




                                                                                                                                                                                             1-Apr-17




                                                                                                                                                                                                                                                                1-Apr-18
                                                                                         1-Oct-15

                                                                                                    1-Dec-15




                                                                                                                                                           1-Oct-16

                                                                                                                                                                      1-Dec-16




                                                                                                                                                                                                                               1-Oct-17

                                                                                                                                                                                                                                          1-Dec-17
                                                                                                                                                1-Aug-16




                                                                                                                                                                                                                    1-Aug-17
                                                                                                                                     1-Jun-16




                                                                                                                                                                                                        1-Jun-17




                                                                                                                                                                                                                                                                           1-Jun-18
                                                                                                               1-Feb-16




                                                                                                                                                                                  1-Feb-17




                                                                                                                                                                                                                                                     1-Feb-18
In the event that the net fund performance is below 5% per annum
based on the performance assessment on the last business day of
September of each year, an amount equivalent to 0.5% per annum
of the fund’s Net Asset Value (NAV) will be ploughed back to the
                                                                                                                                                                                 Period
fund in four equal weekly payments. The first payment will be due
on the first business day of October of each year.                                                                                                                                                                                            Since
                                                                                                        YTD                  1 month 6 months 1 year                                                               2 years
                                                                                                                                                                                                                                            Inception
4. Asset Allocation                                                         HLVF          -                                                                   -
The indicative asset allocation for Hong Leong Penny Stock Fund                        4.79%                                   -1.30%                      4.79%                     1.66%                         16.36%                      16.01%
(‘Target Fund’) is to invest a minimum of 70% of its NAV in equities        Benchmark*    -                                                                   -
and maximum 30% of its NAV in fixed income securities. Generally,                      7.58%                                   -1.39%                      7.58%                   -5.06%                           3.74%                        6.10%
HLA Value Fund may invest up to 95% of its NAV in equities.
                                                                            Relative   2.79%                                    0.08%                      2.79%                    6.72%                          12.62%                        9.91%
                                                                            *Source: Bloomberg
5. Target Market
This fund is suitable for investors who have a higher than average          Market Review, Outlook & Strategy
risk tolerance level, medium-term investment horizon, and are able          During the month, the FTSE BM KLCI declined 2.8% to close at 1,692 points.
to accept the anticipated higher volatility of the fund.                    The broader market outperformed as the FTSE BM EMAS Index declined 1.4%
                                                                            to close at 11,961 points. Small caps outperformed as the FTSE BM Small Cap
Fund Details                                                                Index rose 1.5% to close at 14,013 points.
Unit Price (29/6/2018)            : RM 1.1601
Fund Size (29/6/2018)             : RM 71.4mil                              Foreign outflow continued unabated during the month. Regional market
Fund Management Fee               : 1.45% p.a.                              weakness also contributed to the overall poor market sentiment.
(effective as at 01/10/2015)
Fund Manager                      : Hong Leong Assurance Berhad             On the corporate front, Sapura Energy Berhad secured nine contracts worth
Fund Category                     : Equity                                  about RM1.8 billion. MISC Berhad clinched a long-term charter contract to own
Fund Inception                    : 01 October 2015                         and operate four specialist tankers from Petrobas. MyEG Services Berhad’s
Benchmark                         : FTSE Bursa Malaysia EMAS                contract with the Immigration Department to implement the government’s rehiring
Frequency of Unit Valuation       : Daily                                   exercise of undocumented foreign workers will be terminated by the end of June.
Fund management charge of underlying Collective Investment
Scheme(s) is part of Fund Management Fee as stated in table                 The Fund will continue to invest in companies that would benefit from superior
above. There are no additional charges being charged to the Policy          pricing power and efficient cost management.
Owner. The Company reserves the right to change the Fund
Management Fee (% p.a.) by giving the Policy Owner ninety (90)
days prior written notice.

            Asset & Sector Allocation of HLVF as at 29 Jun 2018
                                                              Collective
        Equity -               Equity -                      Investment
      Technology               Trading/                       Schemes
         3.3%                  Services                         3.2%
                                25.1%        Cash         Infrastructure
                                            11.0%             Project
     Equity -                                               Companies
    Industrial                 Equity -                        4.3%
    Products                   Finance
      7.1%                      33.1%                      Equity -
                                                Equity - Construction
                                               Consumer     6.5%
                                                 6.4%

Hong Leong Assurance Berhad (94613-X)
Level 3, Tower B, PJ City Development, No. 15A, Jalan 219, Seksyen 51A, 46100 Petaling Jaya, Selangor.
Telephone 03-7650 1818 Fascimile 03-7650 1991
Customer Service Hotline 03-7650 1288 Customer Service Hotfax 03-7650 1299                                                                                                                                                                                                            9
HLA Value Fund (HLVF)
Actual Annual Investment Returns for the Past Three (3) Calendar Years
 Year                       2015            2016            2017
 Benchmark                  4.6%           -2.8%           12.9%
 HLVF- Gross               -0.1%            4.7%           22.2%
 HLVF - Net                -0.4%            2.8%           19.0%

Net returns are adjusted for tax and fund management fees.
Those are the actual returns in the past three (3) years, or since inception if shorter, and are strictly the performance of the investment-linked fund. Thus,
the returns are not earned on the actual premium paid of the investment-linked product.

The fund was only launched on 1 October 2015. The actual investment returns are calculated based on unit price from 1 October 2015 to 31 December
2015.

Investment Risks
All investments carry risks. Policy Owners must be prepared to accept certain degree of risk associated with this Investment. The following are the non-
exhaustive list of risks associated to this fund.

1.   Market Risk
     Market risk stems from the fact that there are other economy-wide perils, which threaten all businesses. It is mainly caused by uncertainties in the
     economy, political and social environment.

2.   Liquidity Risk
     Liquidity risk is the risk that the fund invested cannot be readily sold and converted into cash. This may arise when the trading volume is low and/or
     where there is a lack of demand for the security.

3.   Credit Risk
     This refers to the possibility that the issuer of a security will not be able to make timely payments of interest or principal repayment on the maturity
     date. The default may lead to a fall in the value of the funds.

4.   Interest Rate Risk
     The level of interest rates has an impact on the value of investments. Any increase in rates will lead to a fall in the value of securities, thus affecting
     the value of the funds.

5.   Concentration Risk
     This risk is associated with a feeder fund whereby the investments of such fund are not diversified. A feeder fund invests mainly into another
     collective investment scheme.

6.   Country Risk
     The foreign investment of a fund may be affected by the political & economic conditions of the country which the investments are made.

7.   Currency Risk
     This risk is associated with investments that are denominated in foreign currencies. Fluctuation in foreign exchange rates will have an impact on the
     value of the funds.

Risk Management
The Company has in place its Authorized Investment Framework which forms part of the Risk Management process. The authority framework will cover
the nature and scope of the investment authority that is exercisable by various parties in managing the Company’s investments. Besides this, sensitivity
and stress testing is conducted to inform the Company’s management the profit & loss profiles of their investments under different pre-defined risk
scenarios and the necessary action to be taken if the potential losses exceed the Company’s risk tolerance level.

Basis of Unit Valuation
1. The assets of every fund are to be valued to determine the value at which units of a particular fund can be liquidated or purchased for investment
    purposes.
2. The unit price of a unit of a fund shall be determined by the Company but in any event shall not be less than the value of fund of the relevant fund (as
    defined below), divided by the number of units of the given fund in issue on the business day before the valuation date, and the result adjusted to the
    nearest one hundredth of a cent.
3. The maximum value of any asset of any fund shall not exceed the following price:
    a) The last transacted market price at which those assets could be purchased or sold on the business day before the valuation date; or
    b) In the case of securities for which market values are not readily available, the price at which, in our Investment Manager’s opinion, the asset
         may have been purchased on the business day before the valuation date;
    plus any expenses which would have been incurred in its acquisition.
4. To ensure fair treatment to all unit holders, the cost of acquiring and disposing of assets is recouped by making a transaction cost adjustment to the
    net asset value per unit.

Exceptional Circumstances
The Company reserves the right to defer the payment of benefits (other than death benefit) under this Policy for a period not exceeding six (6) months
from the date the payment would have been normally effected if not for intervening events such as temporary closure of any Stock Exchange in which the
fund is invested which the Company, in its discretion, may consider exceptional.

Target Fund Details
Hong Leong Penny Stock Fund is an Equity fund managed by Hong Leong Asset Management. The past performance of this fund is as follows:
Year                 2013        2014          2015        2016         2017
Performance         19.6%        1.1%         18.8%        3.1%        21.7%
Source: Hong Leong Asset Management




                                                                                                                                                               10
HLA Value Fund (HLVF)
Basis of Calculation of Past Performance
The historical performance of the fund is calculated based on the price difference over the period in consideration compared to the older price of the
period in consideration.
                                                                           Unit Pricet − Unit Pricet-1
                                                                                 Unit Price t-1

For the underlying Target Fund, past performance is calculated after adjusting for distribution and/or additional units, if any.

Others
HLA Value Fund is managed by HLA. Any amount invested in this fund is invested by HLA on behalf of Policy Owner in equity, fixed income, collective
investment scheme, foreign asset, derivatives and money market instrument/s. If the financial institutions and/or corporations issuing the equity, fixed
income, collective investment scheme, foreign asset, derivatives and money market instruments defaults or insolvent, the Policy Owner risks losing part or
all of his/her amount that were invested into the instruments on his/her behalf by HLA.


THIS IS AN INSURANCE PRODUCT THAT IS TIED TO THE PERFORMANCE OF THE UNDERLYING ASSETS, AND IS NOT A
PURE INVESTMENT PRODUCT SUCH AS UNIT TRUSTS.

Disclaimer:
Policy Owner must evaluate your options carefully and satisfy yourself that the investment-linked fund chosen meets your risk appetite. Past performance
of the fund is not an indication of its future performance. The intention of this document is to enable Policy Owner to better understand the fund features
and details in order to assist Policy Owner to making an informed decision. This document shall not be construed as professional advice on investment
choices.
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