Pheim ASEAN All-Cap Equity Fund ranked No. 1 out of 101 ASEAN funds for the YTD period ended May, June and July 2025, by Morningstar

Pheim ASEAN All-Cap Equity Fund was ranked No. 1 out of 101 ASEAN funds for the year-to-date (YTD) period ended May, June and July 2025, by Morningstar, a globally respected institution known for its independent ratings and in-depth analysis of mutual funds and ETFs. This recognition underscores the Fund’s consistent performance and reflects our active, disciplined investment approach within the ASEAN region.

Period	Fund Return	Relative Benchmark Return
YTD ended May 2025	+18.46%*	-0.38%*
YTD ended June 2025	+18.36%*	-0.45%*
YTD ended July 2025	+22.08%*	+2.13%*

* Externally verified