2008 Mutual Fund Performance

PERFORMANCE OF MUTUAL FUNDS IN THE PHILIPPINES
For the Years Ended 2008 and 2007

Peso Stock Funds	2008 Return	2008 Rank	2007 Return	2007 Rank
United Fund, Inc.	(14.28%)	1	8.45%	8
First Metro Save and Learn Equity Fund, Inc.	(30.7%)	2	12.63%	7
Sun Life Prosperity Phil. Equity Fund, Inc.	(37.59%)	3	20.58%	3
Philam Strategic Growth Fund, Inc.	(38.13%)	4	19.86%	4
Philequity Fund, Inc.	(40.67%)	5	18.32%	5
Philequity PSE Index Fund Inc.	(40.75%)	6	21.74%	1
ATR KimEng Equity Opportunity Fund, Inc.	(41.46%)	7	13.87%	6
Philippine Stock Index Fund Corp.	(48.28%)	8	21.42%	2

Peso Balanced Funds	2008 Return	2008 Rank	2007 Return	2007 Rank
First Galleon Family Fund, Inc.	0.6%	1	0.22%	5
First Metro Save and Learn Balanced Fund Inc.	(6.27%)	2	NA	NA
Sun Life Prosperity Balanced Fund, Inc.	(23.75%)	3	17.21%	2
Optima Balanced Fund, Inc.	(23.89%)	4	8.31%	4
MFCP Kabuhayan Fund, Inc.	(29.2%)	5	10.56%	3
GSIS Mutual Fund, Inc.	(31.5%)	6	21.92%	1
Philam Fund, Inc.	(32.52%)	7	NA	NA

Dollar Balanced Funds	2008 Return	2008 Rank	2007 Return	2007 Rank
Sun Life Prosperity Dollar Advantage Fund, Inc.	(8.68%)	1	3.54%	1

Peso Bond Funds	2008 Return	2008 Rank	2007 Return	2007 Rank
Cocolife Fixed Income Fund, Inc.	5.26%	1	5.76%	2
ALFM Peso Bond Fund, Inc.	4.26%	2	5.02%	3
First Metro Save and Learn Fixed Income Fund, Inc.	2.33%	3.5	4.35%	4
Philequity Peso Bond Fund, Inc.	2.33%	3.5	NA	NA
Ekklesia Mutual Fund Inc.	1.96%	5	2.26%	8
Philam Bond Fund, Inc.	1.91%	6	4.29%	5
Sun Life Prosperity Bond Fund, Inc.	1.53%	7	2.42%	7
Philam Managed Income Fund	1.52%	8	(0.05%)	9
Sun Life Prosperity GS Fund, Inc.	0.57%	9	3.83%	6
Prudentialife Fixed Income Fund Inc.	(5.0%)	10	7.58%	1

Foreign Currency Bond Funds	2008 Return	2008 Rank	2007 Return	2007 Rank
AIG Global Bond Fund Phils., Inc.	2.37%	1	NA	NA
ALFM Dollar Bond Fund, Inc.	1.97%	2	5.36%	2
ALFM Euro Bond Fund, Inc.	0.08%	3	1.69%	8
Philequity Dollar Income Fund Inc.	(0.71%)	4	4.88%	3
MAA Privilege Dollar Fixed Income Fund, Inc.	(3.21%)	5	4.35%	5
Grepalife Fixed Income Fund Corp.	(3.44%)	6	2.60%	7
Sun Life Prosperity Dollar Abundance Fund, Inc.	(7.08%)	7	2.61%	6
Grepalife Dollar Bond Fund Corp.	(7.18%)	8	4.65%	4
Philam Dollar Bond Fund, Inc.	(7.44%)	9	6.55%	1
MAA Privilege Euro Fixed Income Fund, Inc.	(13.87%)	10	(2.33%)	9

Peso Money Market Funds	2008 Return	2008 Rank	2007 Return	2007 Rank
Sun Life Prosperity Money Market Fund, Inc.	2.05%	1	2.03%	2
ATR KimEng Money Market Fund, Inc.	(5.12%)	2	(4.72%)	3
Philequity Money Market Fund, Inc.	NA	NA	5.65%	1

Source: Investment Company Association of the Philippines

A Look on the Past Year 2007

Performance of Philippine Mutual Funds in 2007

Equity Funds (primarily invested in Peso equity securities)

• Philequity PSE Index Fund - 21.74%
• Philippine Stock Index Fund - 21.42%
• Sun Life Prosperity Phil. Equity Fund - 20.58%
• Philam Strategic Growth Fund - 19.86%
• Philequity Fund - 18.32%
• ATR KimEng Equity Opportunity Fund - 13.87%
• First Metro Save and Learn Equity Fund - 12.63%
• United Fund - 8.45%

Balanced Funds (primarily invested in Peso debt and equity securities)

• GSIS Mutual Fund - 21.92%
• Sun Life Prosperity Balanced Fund - 17.21%
• MFCP Kabuhayan Fund - 10.56%
• Optima Balanced Fund - 8.31%
• First Galleon Family Fund - 0.22%

Foreign Currency-denominated Balanced Funds

• Sun Life Prosperity Dollar Advantage Fund - 3.54%

Bond Funds (primarily invested in Peso debt securities)

• Prudentialife Fixed Income Fund - 7.58%
• Cocolife Fixed Income Fund - 5.76%
• ALFM Peso Bond Fund - 5.02%
• First Metro Save and Learn Fixed Income Fund - 4.35%
• Philam Bond Fund - 4.29%
• Sun Life Prosperity GS Fund - 3.83%
• Sun Life Prosperity Bond Fund - 2.42%
• Ekklesia Mutual Fund - 2.26%
• Philam Managed Income Fund - (0.05%)
• Legacy GS Fund - (1.65%)

Foreign Currency-denominated Bond Funds

• Philam Dollar Bond Fund - 6.55%
• ALFM Dollar Bond Fund - 5.36%
• Philequity Dollar Income Fund - 4.88%
• Grepalife Dollar Bond Fund - 4.65%
• MAA Privilege Dollar Fixed Income Fund - 4.35%
• Sun Life Prosperity Dollar Abundance Fund - 2.61%
• Grepalife Fixed Income Fund Corp. - 2.60%
• ALFM Euro Bond Fund - 1.69%
• MAA Privilege Euro Fixed Income Fund - (2.33%)

Money Market Funds (primarily invested in short-term Peso securities)

• Philequity Money Market Fund - 5.65%
• Sun Life Prosperity Money Market Fund - 2.03%
• Legacy TD Fund - (1.69%)
• ATR KimEng Money Market Fund - (4.72%)