30 November 2017

CIMB-Principal Asia Pacific Dynamic

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

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

11.25 High
Lipper Analytcs FUND PERFORMANCE in MYR
15 Nov 2017

190%

170%
FUND INFORMATION
150%

Location Kuala Lumpur, Malaysia 130%

Domicile Malaysia 110%

Fund Currency U.S Dollar 90%
Fund Size (MYR) MYR 2.72 billion Fund
70% Benchmark
Fund Unit 7.24 billion units
50%

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

- 10%
Oc 11
Ja -11
Ap 12
Ju 2
N l-12
Fe -12
M -13
Au -13
N -13
M -13
Ju -14
Se -14
D e -14
M -14
Ju 15
O -15
Ja -15
Ap -16
Ju 16
O -16
Fe t-16
M -17
Au -17
N o -17
17
r -1
l-

n-

r-

v-
t

ct
ov

ay

ov

ay
l

l
ar

ar
b

n
p

g
Ju

c
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 24.44 -2.79 2.19 12.17 23.09 45.60 116.44 158.44
Benchmark 7.31 0.64 1.94 3.92 8.00 25.97 46.93 65.97

Unit NAV (MYR) MYR 0.3754 Calendar Year Performance (%)

2016 2015 2014 2013 2012 2011

Fund 6.82 8.91 18.57 20.58 26.07 N/A

Benchmark 8.00 8.00 8.00 8.00 8.00 N/A

Most Recent Fund Distributions

2017 2017 2017 2015 2014 2013
Nov Jul Apr May Mar Mar

Gross (Sen/Unit) 0.38 0.34 0.31 1.20 1.35 1.89

Yield (%) 1.12 1.01 0.92 3.96 3.96 5.91

Most Recent Unit Split

2014
Oct

Ratio 2:5
Note: May 2011 to November 2017.
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 November 2017, the Volatility Factor (VF) for this fund is 11.25 and is
classified as "High" (source: Lipper). "High" includes funds with VF that are above 8.225 but not more than 10.735.
Currency ISIN Code Bloomberg Ticker 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 monthly
MYR MYU1000DP009 CPASPDI MK 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 (default) and counterparty risk, currency risk, interest rate risk, liquidity risk, risk associated with
10th Floor, Bangunan CIMB, Jalan Semantan temporary defensive positions, risk of investing in emerging markets 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 approved
Damansara Heights, 50490 Kuala Lumpur. 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 charges
Tel: (603) 2084 8888 carefully prior to making an investment. Unit prices and income distributions, if any, may fall or rise. Past performance
Fax: (603) 2084 8899 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 Loan
Website: www.cimb-principal.com.my 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.

Page 1 of 2
 30 November 2017

CIMB-Principal Asia Pacific Dynamic

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

FUND MANAGER'S REPORT PORTFOLIO ANALYSIS

In November, the Fund decreased by 2.79%, bringing

ASSET ALLOCATION
year-to-date returns to 24.44%.

Equities (Foreign) 91.93%

Asian Pacific ex Japan Equities rose 0.44% in US$
Equities (Local) 0.56%
terms in Nov 2017. Performance across sectors was
mixed with consumer and healthcare outperforming Cash 7.51%
while tech underperformed for the first time this year
Total 100.00%
due to profit taking. Topical issues: Can the equity rally
broaden beyond non-tech in 2018? Could the US tax
cut legislation have more than a modest impact on
growth? Could inflation be an issue in China? BUY
Asian Pacific ex Japan equities: We are now seeing a
pause in equity market performance after a strong return
from Asian equities year-to-date. With accelerating
global growth, stable commodity prices, a healthy
export sector and stable fiscal deficits, this is supportive
to further upgrades of Asian earnings growth in 2018.
SECTOR BREAKDOWN COUNTRY ALLOCATION
We expect earnings growth of ~13%, ROE to improve.
Asia also looks cheaper than developed markets on a
P/Book basis (adjusted for ROE). We think equity returns
in 2018 could be from a broader number of sectors,
especially economically sensitive ones. The dynamic
income fund has about 5-10% cash, we took some profit
in tech and added a financial stock which will benefit
from stronger economical outlook. We continue to like
companies that have technology leadership, product
upgrades, and companies that benefit from supply side Finance 30.70% China 22.98%
reform and rising interest rate. Industrials 18.94% Hong Kong 17.32%
Consumer 17.43% Taiwan 10.44%
Technology 11.59% Australia 10.00%
Oil & Gas 6.07% India 9.87%
Basic Materials 4.84% South Korea 8.15%
Telecommunications 2.92% Singapore 5.98%
Cash 7.51% Thailand 3.21%
United States 2.08%
Indonesia 1.90%
Malaysia 0.56%
Cash 7.51%

Total 100.00% Total 100.00%

TOP HOLDINGS

1 Tencent Hldg Ltd Hong Kong 6.17%

2 Samsung Electronics Co. Ltd South Korea 4.66%
3 Industrial and Commercial Bank China 4.09%
4 Hangzhou Hikv China 3.68%
5 Midea Group Co Ltd -A China 3.62%
RISK STATISTICS
6 BHP Billiton Ltd Australia 3.10%
Beta 0.83 7 Xinyi Glass Hldg Co. Ltd Hong Kong 2.97%
Information Ratio 0.49 8 Anhui Conch Cement Co. Ltd -A China 2.72%
Sharpe Ratio 0.85 9 CNOOC Ltd Hong Kong 2.68%
3 years monthly data
10 Venture Corp Ltd Singapore 2.52%

Total 36.21%

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