Public e-Carbon Efficient Fund (PeCEF) (1)

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Some of the big inventions, discoveries & expansion that mankind have
achieved in history.

Industrial Manufacturing Oil & Gas Computing
Exploration & IT

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Air Pollution Soil Pollution Water Pollution

Main Effect

1. Global warming

2. Increased level of CO2
3. Rising water level

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Let’s Watch A Video

https://www.youtube.com/watch?v=DhhVr5iLF-c

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Growth and development is inevitable,
but how we do it, speak much of our part in
protecting Mother Earth for the next generation.

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1. 2. 3.

Individual Company Individual + Company

SOCIALLY
RESPONSIBLE
INVESTMENT

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Public e-Carbon
Efficient Fund

(PeCEF)

9 February 2021

Disclaimer

THE CONTENT OF THIS PRESENTATION IS STRICTLY FOR INFORMATION PURPOSES ONLY AND NO PART
OF THIS PRESENTATION IS TO BE CONSTRUED AS AN OFFER OR SOLICITATION OF AN OFFER TO INVEST
IN PUBLIC MUTUAL’S FUNDS.

This presentation summarises fund features of Public e-Carbon Efficient Fund as well as the investment
strategy and is intended for circulation to the Unit Trust Consultants (UTCs) of Public Mutual and personal
financial executives (PFEs) of Public Bank branches.

This presentation is prepared based on material compiled from data considered to be reliable at the
time of preparation, but Public Mutual does not make any representation or warranty, express or implied,
as to the accuracy, completeness or correctness of the information contained herein or mentioned during
the presentation.

No part of this presentation may be shared, reproduced, distributed, transmitted, displayed or published
in any manner without the written consent of Public Mutual. Public Mutual does not accept any
responsibility, liability or consequential losses or damages, be it directly or indirectly, that may arise from
any reliance based on the information contained herein or mentioned during the presentation.

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Main Topics

I. Fund Features

II. Investment Strategy

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I. Fund Features

Public e-Carbon Efficient Fund (PeCEF)

PeCEF is the FIRST conventional equity fund of Public
Mutual which focuses primarily on the environmental
aspect of the Sustainable and Responsible
Investment (SRI) theme.

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Special Feature of PeCEF

PeCEF has the objective to invest in companies
with efficient carbon footprints* which are
component stocks of a global Environmental,
Social and Governance (ESG) index.

* Companies with efficient carbon footprints refer to companies that
have lower levels of carbon emissions relative to peers within a
particular industry.

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All riogrhotsthrersemrvaetedr.iaTlhsewiinthfoorumt athtieonprpiourbwlisrhitetednmcaoynsneonttboefrPeupbrolidcuMcuetduoalr Bcoeprhiead.into another document
or other materials without the prior written consent of Public Mutual Berhad. FOR INTERNAL CIRCULATION ONLY

Fund Objective of PeCEF
To achieve capital growth over the long term

Note: Long term refers to a period of more than 5 years.

Risk Profile: 5
Risk Level: Very High

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Fund Profile of PeCEF

Category of Fund: Equity

Financial Year End: 31 March

Distribution Policy: Incidental

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Asset Allocation of PeCEF

Equity & equity- Remaining balance
related in liquid assets

securities of Foreign assets:
carbon-efficient Up to 98% of the

companies Fund’s NAV
within a global

ESG index:
75%-98% of the

Fund’s NAV

If the outlook for the equity market is unfavourable, the exposure to equity and equity-related securities
may be reduced to below the range indicated above as a temporary defensive strategy.

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Typical Asset Classes of PeCEF

Equity & equity- Collective Liquid assets
related securities investment schemes

Stocks of global ESG- Warrants Money market Deposits
compliant instruments

companies with
efficient carbon

footprints

Investor Profile of PeCEF

Long-term investors
Seek to achieve long-term
capital growth through
investments in stocks of ESG-
compliant companies with
efficient carbon footprints

Benchmark of PeCEF

3-Month Kuala Lumpur
Interbank Offered Rate

10%

Customised index by S&P Dow Jones
Indices, LLC based on constituents with
lower carbon footprints of the S&P Global

1200 ESG Index
90%

Source: Fund Prospectus FOR INTERNAL CIRCULATION ONLY 18

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Screening for PeCEF’s Equity Benchmark

S&P Global 1200 Index 1,222
constituents

S&P Global 1200 ESG Index 765
constituents

Customised S&P Global 1200 ESG Index which 555
excludes high carbon impact industry groups constituents

Source: Factsheet of S&P Dow Jones Indices as at 31 Dec’2020. FOR INTERNAL CIRCULATION ONLY 19

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Historical Returns of PeCEF’s Benchmark

Benchmark for PeCEF* As at 31 December 2020
(Performance in MYR)
1-Year 3-Year

Total Return (%) 13.82 33.75

Annualised Return (%) 13.82 10.15

*Benchmark:
90% Customised index by S&P Dow Jones Indices, LLC based on constituents with lower carbon footprints of
the S&P Global 1200 ESG Index; and
10% 3-Month Kuala Lumpur Interbank Offered Rate (KLIBOR).

Source: S&P Dow Jones Indices, LLC.
Note: Historical performance is not an indication of future performance.

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Country Allocation of PeCEF’s Benchmark

Others* Cash
3% 10%

Asia Pacific
14%

Japan, 6% Europe U.S.
China, 2% 14% 59%
Australia, 2%
South Korea, 2% *Includes Canada, Mexico, Brazil, Chile and Colombia.
Taiwan, 1% Source: S&P Dow Jones Indices, LLC. Data as at 31 Dec’2020.
Hong Kong, 1%
Singapore, 0.3%

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Sector Allocation of PeCEF’s Benchmark

Others* Cash Information
6% 10% Technology

Industrials 25%
8%

Communication Financials
Services 15%
10%
Health Care
Consumer 13%
Discretionary

13%

*Includes Consumer Staples and Real Estate.
Source: S&P Dow Jones Indices LLC. Data as at 31 Dec’2020.

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Top 5 Benchmark Stocks by Index Weight

No Stock Sector

1 Apple Inc. Information Technology

2 Microsoft Corp. Information Technology

3 Amazon.com Inc. Consumer Discretionary

4 Facebook Inc. Communication Services

5 Alphabet Inc. – Class A Communication Services

Source: S&P Dow Jones Indices LLC. Data as at 31 Dec’2020

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Similar Funds

No Fund Series Main Focus Foreign Exposure

1 Public e-Islamic E-series Islamic Focus on companies which Up to 98%
Sustainable incorporate environmental
Millennial Fund E-series & social factors in their Up to 98%
(PeISMF) Conventional business operation
new
2 Public e-Carbon Focus on companies with
Efficient Fund efficient carbon footprints
(PeCEF) which are component
stocks of an ESG index

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Target Customers
Retail Investors Corporate Investors

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Fees & Charges

Sales Charge • Up to 3.75% of NAV per unit

Redemption • Nil
Charge
• 1.85% p.a of the NAV of the fund
Management
Fee • 0.06% p.a, subject to:
• Min fee: RM18,000 p.a
Trustee Fee • Max fee: RM 600,000 p.a

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Offer Period Offer Period

RM0.25 9 February to
NAV per unit 1 March 2021

During the IOP, switching of loaded units

(i.e. units which have incurred a sales charge of 3% or more)

into PeCEF is not allowed.

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Public Mutual Online (PMO)
Subscriber Only

Purchases & Min. Initial Min. Additional
Redemption Price of Investment (PII) Investment (PAI)

Unit • RM100 • RM100

• At NAV per unit

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Transactions

*Otherwise, redemption proceeds will be paid to investors within 10 days. FOR INTERNAL CIRCULATION ONLY 29

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Direct Commission

Non- EPF Scheme
(Sales Charge of 3.75%)

Rank Personal/

Personal Group Total

Overriding

UTC 2.1500% - 2.1500%

UTC-AS 2.1500% 0.3563% 2.5063%

UTC-AM/CM 2.1500% 0.5875% 2.7375%

UTC-GAM/SCM 2.1500% 0.7500% 2.9000%

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Career Benefit

PSNAV Personal CB* GSNAV Group CB
First 3 Million (0 - 3m) 0.21%
Next 3 Million (>3m - 6m) 0.22% UTC - AS 0.04%
Next 4 Million (>6m - 10m) 0.23% UTC - AM/CM 0.06%
Next 5 Million (>10m - 15m) 0.24% UTC – GAM/SCM 0.08%

Next 10 Million (>15m - 25m)* 0.25%

Thereafter (> 100m) 0.32%

*Higher Personal CB for Higher PSNAV

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Additional Career Benefit

Public e-Carbon Efficient Fund (PeCEF)
(Annual Management Fee : 1.85%)

Rank Personal Overriding Total
Career Benefit Career Benefit
UTC
UTC-AS Additional CB of 0.2000%
UTC-AM/CM
UTC-GAM/SCM 0.1600% - 0.1600%

0.1600% 0.0200% 0.1800%

0.1600% 0.0300% 0.1900%

0.1600% 0.0400% 0.2000%

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We Receive, We Live, & We Give

[Live freely, Invest happily, Depart responsibly]

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II. Investment Strategy

What is a
Carbon
Footprint?

Carbon Footprint

A carbon footprint is the
total greenhouse gas
(GHG) emissions caused
directly and indirectly by
an individual, organisation,
event or product.

Carbon Footprint

It measures the impact our
activities have on the
environment, particularly
climate change.

Global Greenhouse Gas Emissions by Gas

74%

17% 2%
6%
F-gases
Carbon Dioxide Methane Nitrous Oxide (HFCs, CFCs, SF6)
(CO2) (CH4) (N2O) (HFCs, CFCs, SF6)

(CO2) (CH4) (N2O)

Source: Climate Watch, the World Resources Institute 2020.

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Source: Global Carbon Project, Carbon Dioxide Information Analysis Centre (CDIAC).

Source: Global Carbon Project, Carbon Dioxide Information Analysis Centre (CDIAC).

Source of Carbon Dioxide Emissions by Country

30% 30%

15%
9%
7%
5% 4%

China U.S. EU India Russia Japan Others

Source: 2014 Global CO2 Emissions from Fossil Fuel Combustion and Some Industrial Processes,
U.S. Environmental Protection Agency.

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Source: CAIT Climate Data Explorer via Climate Watch.

Environmental Impacts of Global Warming

Heat waves Frigid cold Droughts

Wildfires Floods Hurricanes

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Paris Agreement

Source: Enhancing Nationally Determined Contributions (NDCs) by 2020:
Achieving the Goals of the Paris Agreement, World Resources Institute.

Paris Agreement

A legally-binding international treaty
on climate change signed in 2016
Aims to limit global warming to below
2.0 degrees Celcius, compared to pre-
industrial levels
Targets to achieve a carbon-neutral
world by 2050

Source: Climate Watch, the World Resources Institute 2020.

Source: Climate Action Tracker (based on national policies and pledges as of December 2019).

Why Invest in
Carbon-
efficient

Companies?

Carbon-efficient Companies Tend to Possess:

Greater innovation
Improved efficiency
Enhanced corporate
image

Reasons of Investing in Carbon-efficient Companies

Better-positioned to operate under
tighter environmental regulations
globally

A portfolio focused on low-carbon
and sustainable investments tends
to exhibit improved risk/return
profiles

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Rising Global Sustainable Investing Assets

US$ tril +169% 30.7
35.0
30.0 18.3 22.9
25.0
20.0

15.0 11.4
10.0

5.0

0.0 2014 2016 2018
2012

Source: 2018 Global Sustainable Investment Review.

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