1. ISLAMIC INVESTORFUND FOCUSWSF Reliance Global Shariah Growth Fund US$ ITo seek long-term capital growth from an actively managed portfolio of Shariah compliant securities whichmay be located in any jurisdiction or in any economic sector provided that such securities are listed securities orsecurities quoted on a recognized stock exchange.What led to this fund being launched?market is currently rewarding with FACT SHEETReliance Asset Management (Malaysia) outperformance, so we take measuredInvestment Reliance Assetis a wholly-owned subsidiary of Reliance stock risk. The fund holds about 100 managerManagement (Malaysia)Capital Asset Management, Indiaspositions, which both increases ourTrusteeState Street Trusteeslargest asset management company.ability to gain exposure to preferred (Guernsey)The investment team has managed topstyles, whilst at the same timeShariahCIMB Islamicperforming mutual funds in the past, sominimizing stock specic risk. advisor(s)we chose to oer a strategy based uponthis proven investment process.How often do you review this fund? BenchmarkS&P Developed BMI(Index)Shariah Index The portfolio is restructured once perWhy has this particular region / asset month, in line with the rebalancingDomicile Guernseyclass been chosen? schedule of the S&P Shariah benchmarkInception date 16th August 2010We wished to provide investors with aindex. Fund Fund Size (Total)broad based exposure to global equities characteristicsUS$11.04 millionas a solid foundation for their investment What is the rate of return of this fund? (as at 31st May2011)NAV per shareportfolios.The fund has returned 12.29% year-to- Class I US$: 13.25 date and 32.5% since inception. Minimum InvestmentWhat are the key factors that drive theUS$ I Class = US$/GBPfunds performance?What is the market outlook for this 500,000We observe most of the indicators that fund? Annual Management Feetraditional investors analyze, but we do Our investment process is designed to I Class: 0.3 % p.a.this in a systematic, data-intensive way.be an all weather strategy; regardless(performance fee of 20%The fund invests in companies around of the investment climate the process of the net increase above 8% of NAV)the world that oer the most compellingsystematically adapts stock selectioncombinations of the most favorable criteria to suit the prevailing economic PERFOMANCE SUMMARYinvestment styles, such as value, growth conditions. WSF Reliance S&Por momentum. Global Shariah Developed How has this fund performed comparedGrowth Fund BMI ShariahWho are your investors (prole)? to your initial expectations? US$IInvestors tend to be private investors This fund is the best performing ShariahYTD Return12.29% 7.58%and high net worth individuals.compliant global equity fund both year-However it would be wrong to assumeto-date and since inception. Hence, it hasReturn sincethat a Shariah fund only appeals tofullled our expectations.32.5%28.66%InceptionMuslims. In fact, as of year-to-date,the fund is in the top 3% of all globalHas your strategy for this fund changedequity funds, so there is no give up insince inception, and if so how?FUND PORTFOLIO COMPOSITIONterms of performance.The process has not changed since inception. What does change is the shape Cash 2.24%What specic risks does the fund takeof the portfolio as it shifts the balance Asia13.36%into consideration and why?of exposure between momentum, valueWe look for the stocks that best express and growth characteristics within sectorsEurope25.25%the nancial characteristics that theacross the regions.America59.16% COMPARISON GRAPH INDUSTRY ALOCATION Utilities 1356.65%9.5% 8.6% Telecommunications 13016.2%Information16.1%Technology 125 10.9% 17.3% Financials 12017.6%Health Care 115 Consumer Staples 110S&P Developed BMI ShriahWSF Reliance Global Shariah Growth FundConsumer 105 Discretionary 100 Industrials95 Materials2.2%10 111010 1111 Energy 10 1011 11ugay0.5%p ovac precct b nSe CashM Fe AMO Ja AD N0.4% 1717 1717 17 171717 17 170.6% 6th July 2011