*YTD = Year to Date

HOW TO CALCULATE YOUR OMAKASE RETURNS

Your Omakase return is the weighted sum of each portfolio's monthly return. Using the balanced allocation as an example:

For instance, assuming allocations of 30% to the Growth portfolio, 47% to the Income portfolio and 23% to the Inflation Hedge Portfolio, the YTD portfolio return in MYR as of February would be 1.74%. [(30% x 1.38%) + (47% x -2.05%) + (23% x 10.17%)]

Your actual return varies based on your personal allocation and investment timing.

February's market landscape saw two main dominant themes: the continuation of a long-term geographic rotation into Asian technology and heightening geopolitical risks that favoured tangible assets. While all MYTHEO portfolios delivered positive performance in USD terms, the Malaysian Ringgit’s appreciation against the Greenback moderated the final returns for investors holding MYR-denominated accounts.

1. The Persistence of the Asian Tech Trend

The outperformance of Asian technology stocks remained a defining theme in February, extending a trend that has been building since late 2025. High investor conviction in regional leaders drove South Korea, Taiwan, and Japan to be the biggest winners during the period under review, with gains of 19.53%, 10.45%, and 10.37%, respectively. This sustained momentum continues to have a direct positive impact on our Growth, ESG, and Izdihar portfolios.

Our Growth Portfolio captured this ongoing trend through its exposure in Pacific market (VPL). Japan represents the largest holding at approximately 58%, with South Korea as the second-largest market at 18%. This concentration helped drive VPL up by more than 10% in February, and position it as the top-performing asset in the Growth strategy.

The Global ESG Portfolio also benefited from this multi-month rally via the iShares ESG Aware MSCI EM ETF (ESGE), which capitalised on its holdings in Taiwan and South Korea. Industry giants like TSMC, Samsung Electronics, and SK Hynix (which together account for nearly a quarter of the ETF’s allocation) have been central to this regional strength since the end of last year. Additionally, the portfolio’s exposure to the iShares ESG Aware MSCI EAFE ETF (ESGD) provided a boost, as Japan remains its largest allocation at over 18%.

The Izdihar Portfolio similarly participated in this long-term shift through global ex-US exposure in the Wahed Dow Jones Islamic World ETF (UMMA) and the SP Funds S&P World ex-US ETF (SPWO). In both funds, TSMC remains the single largest holding, with the combined weight of TSMC and Samsung representing more than 20% of the ETFs. This consistent exposure has allowed our Shariah-compliant investors to benefit from the regional tech rally as it evolves.

2. Commodities & Real Assets as a Geopolitical Buffer

Heightened geopolitical uncertainty provided a powerful tailwind for both the Inflation Hedge and Essential portfolios, though the underlying performance drivers were distinct.

Within the Omakase suite, the Inflation Hedge Portfolio added 3.65% (MYR) this month, bringing its year-to-date gain to 10.17%. Its performance was primarily characterised by a classic "flight to safety," with investors seeking protection in precious metals. This drove Silver (SLV) and Gold (IAU) up by 12.66% and 8.63%, respectively, during the review period.

Simultaneously, the Essential Products Portfolio rose by a stronger 4.93% (MYR), reaching a remarkable 12.04% year-to-date. Unlike the precious metals play, this portfolio was more geared toward the threat of potential supply disruptions. This was evident in the sharp rallies across the energy and agriculture sectors:

• Energy: Market concerns over supply availability saw the Energy Select Sector SPDR (XLE) and Global Wind Energy (FAN) rally by 9.54% and 8.66%, respectively.
• Agriculture: Supply chain anxieties also pushed commodity prices for wheat (+9.90%) and soybeans (+8.74%) higher, supporting a 9.45% rally in the Agriculture Product sector (VEGI).

3. Fixed Income and Yield Dynamics

In our Income Portfolio, performance was anchored by a surprising decline in US yields. Following an unexpected drop in the US Consumer Price Index (CPI) to 2.4% in January (from 2.7% in December), the 10-year Treasury yield closed the month below 4% for the first time since September 2024.

This environment was highly favourable for long-duration bonds, driving the iShares 20+ Year Treasury Bond ETF (TLT) up by 4.63%. Despite a strong 1.09% return in USD terms, the Income Portfolio reported a flat 0% return in MYR due to the Malaysian Ringgit's offsetting strength.

Conclusion

February 2026 illustrated how MYTHEO's automated algo-driven diversification operates across multi-asset classes. While our Inflation Hedge and Essential Products portfolios were both influenced by the same geopolitical events, they responded through distinct mechanisms: the former via precious metals' safe-haven characteristics, while the latter reflected supply disruptions in energy and agriculture.

Furthermore, the portfolio's systematic allocation to Asian technology regions continued to provide exposure to the trend that emerged since late 2025. By allocating across various asset classes, the portfolio structure is designed to balance cyclical growth opportunities and resilience characteristics across different market conditions. MYTHEO's systematic rebalancing process maintains target allocations across asset classes. The monthly review compares actual weightings to target ranges, with adjustments made to maintain the portfolio's intended risk profile. This approach aims to keep your personalized allocation disciplined, data-driven, and aligned with long-term objectives.

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*Past performance is not indicative of future results. All investments involve risk, including possible loss of principal.

This material is subject to MYTHEO’s Notice and Disclaimer.