31 January 2018

CIMB-Principal Asia Pacific Dynamic

Income Fund - Class MYR
A S S E T MA N A GE ME N T

Available under the EPF Members Investment Scheme.

INVESTMENT VOLATILITY FUND OBJECTIVE

Aims to provide regular income by investing primarily in the Asia Pacific ex Japan region and
3-year
at the same time aims to achieve capital appreciation over the medium to long term.
Fund Volatlity

11.47 Very High

Lipper Analytcs FUND PERFORMANCE in MYR
15 Jan 2018

190%

170%
FUND INFORMATION
150%

Location Kuala Lumpur, Malaysia 130%

Domicile Malaysia 110%

Fund Currency U.S Dollar 90%
Fund Size (MYR) MYR 3.18 billion Fund
70% Benchmark
Fund Unit 8.00 billion units
50%

30%
Fund Launch 25 April 2011
Fund Inception (MYR) 16 May 2011 10%

- 10%
O -11
Ja -11
M -12
Au -12
N -12
Fe -12
Ju -13
Se -13
D e -13
M -13
Ju 14
O -14
Ja -14
Ap -15
A r -15
N -15
Fe -15
M -16
Se -16
D e -16
M -16
Ju -17
O 17
Ja -17
18
-

n-

n-
ct

ct

ct
ay

ov

ov

ay

c
l

l
ar

ar
n

b
n
p

ug

p
Ju

Benchmark 8% p.a. - 30%

Dealing Daily (as per Bursa Malaysia trading day)
- 50%
Application Fee CWA: Up to 6.50% of the NAV per unit
Cumulative Performance (%)
IUTAs: Up to 5.50% of the NAV per unit Since
YTD 1 Month 3 Months 6 Months 1 Year 3 Years 5 Years Inception
Management Fee Up to 1.80% p.a. of the NAV
Trustee Fee Up to 0.05% p.a. of the NAV Fund 3.42 3.42 3.03 8.16 27.37 44.13 107.91 173.90
Benchmark 0.64 0.64 1.94 3.92 8.00 25.97 46.93 68.12

Unit NAV (MYR) MYR 0.3967 Calendar Year Performance (%)

2017 2016 2015 2014 2013 2012

Fund 27.52 6.82 8.91 18.57 20.58 26.07

Benchmark 8.00 8.00 8.00 8.00 8.00 8.00

Most Recent Fund Distributions

2018 2017 2017 2017 2015 2014
Jan Nov Jul Apr May Mar

Gross (Sen/Unit) 0.35 0.38 0.34 0.31 1.20 1.35

Yield (%) 1.03 1.12 1.01 0.92 3.96 3.96

Most Recent Unit Split

2014
Oct

Ratio 2:5
Note: May 2011 to January 2018.
Performance data represents the combined income & capital return as a result of holding units in the fund for the
specified length of time, based on bid to bid prices. Earnings are assumed to be reinvested.

CIMB-PRINCIPAL AWARDS AND ACCOLADES

^Based on the fund's portfolio returns as at 15 January 2018, the Volatility Factor (VF) for this fund is 11.47 and is
classified as "Very High" (source: Lipper). "Very High" includes funds with VF that are above 7.795 but not more than
Currency ISIN Code Bloomberg Ticker 10.615. The VF means there is a possibility for the fund in generating an upside return or downside return around this
VF. The Volatility Class (VC) is assigned by Lipper based on quintile ranks of VF for qualified funds. VF is subject to
MYR MYU1000DP009 CPASPDI MK monthly revision and VC will be revised every six months. The fund's portfolio may have changed since this date and
there is no guarantee that the fund will continue to have the same VF or VC in the future. Presently, only funds launched
in the market for at least 36 months will display the VF and its VC.

We recommend that you read and understand the contents of CIMB-Principal Asia Pacific Dynamic Income Fund
Prospectus Issue No. M3 dated 31 May 2017, which has been duly registered with the Securities Commission
Malaysia, before investing and that you keep the said Fund Prospectus for your record. Any issue of units to which the
Fund Prospectus relates to will only be made upon receipt of the completed application form referred to in and
CIMB-Principal Asset Management Berhad accompanying the Fund Prospectus, subject to the terms and conditions therein. Investments in the Fund are exposed
to country risk, credit and default risk, currency risk, interest rate risk, liquidity risk, manager’s risk, market risk, risk of
10th Floor, Bangunan CIMB, Jalan Semantan investing in emerging markets, risks associated with investment in warrants and stock specific risk. You can obtain a
copy of the Fund Prospectus from the head office of CIMB-Principal Asset Management Berhad or from any of our
Damansara Heights, 50490 Kuala Lumpur. approved distributors. Product Highlight Sheet ("PHS") is available and that investors have the right to request for a
PHS; and the PHS and any other product disclosure document should be read and understood before making any
investment decision. There are fees and charges involved in investing in the Fund. We suggest that you consider these
Tel: (603) 2084 8888 charges carefully prior to making an investment. Unit prices and income distributions, if any, may fall or rise. Past
Fax: (603) 2084 8899 performance is not reflective of future performance and income distributions are not guaranteed. You are also advised
to read and understand the contents of the Financing for Investment in Unit Trust Risk Disclosure Statement/Unit Trust
Website: www.cimb-principal.com.my Loan Financing Risk Disclosure Statement before deciding to borrow to purchase units. Where a unit split/distribution
is declared, you are advised that following the issue of additional units/distribution, the NAV per unit will be reduced
from pre-unit split NAV/cum-distribution NAV to post-unit split NAV/ex-distribution NAV; and where a unit split is
declared, the value of your investment in Malaysian ringgit will remain unchanged after the distribution of the additional
units.

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 31 January 2018

CIMB-Principal Asia Pacific Dynamic

Income Fund - Class MYR
A S S E T MA N A GE ME N T

Available under the EPF Members Investment Scheme.

FUND MANAGER'S REPORT PORTFOLIO ANALYSIS

In January, the Fund rose by 3.42% mainly contributed

ASSET ALLOCATION
by China.

Equities (Foreign) 90.17%

Asia Pac ex-Japan equities got off to a roaring start in
Equities (Local) 3.58%
January gaining +6.7% (US$). The rally was broad
based with energy, financials and healthcare leading Cash 6.25%
the charge while telecom and utilities underperformed .
Total 100.00%
BUY Asian equities: Equity market corrections caused by
bond market tantrums judged against strong economic
growth and a low unemployment rate should be buying
opportunities. While there will be variability in markets
caused by investor positioning and flows, we think
equity markets should be able to stomach a rise in
volatility, yields and inflation provided these do not
shoot up too quickly and the US dollar remains at
current levels. A 2.8-3.0% US 10 year Treasury yield
may look alarming as it is the highest level since 2014
SECTOR BREAKDOWN COUNTRY ALLOCATION
but this is in the context of the strongest global GDP
growth in 7 years and the lowest US unemployment rate
in 17 years. Back to Asia, the key metric remains EPS
growth. At a 13x FY18 PER and 13% EPS growth, Asian
equities look reasonably priced and has upside
especially if the cyclical sectors can see earnings
upgrades. We like companies that are deploying
technology to gain a competitive advantage and
differentiate, e.g., selective names in the banking and
mining sector. Finance 30.78% China 21.31%
Consumer 20.55% Hong Kong 19.87%
The APDI is fully invested with cash level 10%, we have Industrials 13.42% Australia 10.85%
taken some profit for companies that likely to face slow
Technology 11.57% India 7.40%
down in industry growth and valuation seems full, as
well as on the expectation of correction after a strong Oil & Gas 8.68% Taiwan 6.25%
run up. We continue to like China, we also like Basic Materials 5.50% Thailand 6.22%
Thailand. On sectors, we like industries that will benefit Telecommunications 2.29% South Korea 6.12%
on technology upgrade. Trading / Services 0.96% Singapore 4.01%
Cash 6.25% Indonesia 3.67%
Malaysia 3.58%
United States 3.24%
Cayman Islands 1.23%
Cash 6.25%

Total 100.00% Total 100.00%

TOP HOLDINGS

1 Tencent Hldg Ltd Hong Kong 5.78%

2 Industrial and Commercial Bank China 4.01%
3 BHP Billiton Ltd Australia 3.88%
4 Midea Group Co Ltd -A China 3.61%
5 Hangzhou Hikv China 3.54%
RISK STATISTICS
6 Samsung Electronics Co. Ltd South Korea 3.48%
Beta 0.44 7 Autohome Inc -ADR United States 3.24%
Information Ratio 0.47 8 Xinyi Glass Hldg Co. Ltd Hong Kong 2.74%
Sharpe Ratio 0.84 9 CIMB Group Hldgs Bhd Malaysia 2.62%
3 years monthly data
10 Ping An Insurance Group Co. -H China 2.58%

Total 35.48%

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