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30 June 2017 CIMB-Principal ASEAN Total Return Fund -Class USD A S S E T MA N A GE ME N T FUND INFORMATION FUND OBJECTIVE Location Kuala Lumpur, Malaysia Domicile Malaysia Fund Currency US Dollar (USD) Fund Size (USD) USD 0.39 million Fund Unit 0.70 million units Fund Launch 3 March 2015 Fund Inception (USD) 3 March 2015 9% p.a. Benchmark Dealing Application Fee The Fund aims to achieve capital appreciation over the medium to long term by investing in the ASEAN region. FUND PERFORMANCE in USD 30% 25% 20% Daily (as per Bursa Malaysia trading day) 15% CWA: Up to 6.50% of the NAV per unit 10% IUTAs: Up to 5.50% of the NAV per unit Up to 1.80% per annum of the NAV of Trustee Fee Up to 0.06% per annum of the NAV of the Class in Malaysia. the Class in Malaysia. Fund Benchmark 5% 0% Au g Se -15 pO 15 ct N -15 ov D e -15 cJa 15 n Fe -16 b M -16 ar Ap 16 r M -16 ay Ju 16 nJu 16 l Au -16 g Se -16 pO 16 ctN 16 ov D e -16 cJa 16 nFe 17 b M -17 ar Ap 17 r M -17 ay Ju 17 n17 Management Fee - 5% - 10% USD 0.5523 Unit NAV (USD) - 15% - 20% Cumulative Performance (%) YTD 1 Month 3 Months 6 Months Fund 18.42 Benchmark/Target Return 4.40 1.02 0.72 8.63 2.18 18.42 4.40 Since 1 Year 3 Years 5 Years Inception 12.10 9.00 N/A N/A N/A N/A 10.46 21.40 Calendar Year Performance (%) ** Fund Benchmark 2016 2015 2014 2013 2012 2011 1.95 9.00 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A Note: March 2015 to June 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. Source: Lipper Currency USD ISIN Code Bloomberg Ticker MYU1002FG009 CIMATRU MK CIMB-Principal Asset Management Berhad 10th Floor, Bangunan CIMB, Jalan Semantan Damansara Heights, 50490 Kuala Lumpur. Tel: (603) 2084 8888 Fax: (603) 2084 8899 Website: www.cimb-principal.com.my We recommend that you read and understand the contents of the CIMB-Principal ASEAN Total Return Fund Prospectus Issue No. 1 dated 3 March 2015 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 will only be made upon receipt of the completed application form referred to in and 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, Equity specific risk, interest rate risk, liquidity risk, risk associated with temporary defensive positions and risk of investing in emerging markets. 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 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 funds. We suggest that you consider these charges carefully prior to making an investment. Unit prices and income distributions, if any, may fall or rise. Past performance is not reflective of future performance and income distributions are not guaranteed. You are advised to read and understand the contents of the Unit Trust Loan Financing Risk Disclosure Statement before deciding to borrow to purchase units. Where a unit split/distribution is declared, investors 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 U.S. Dollar will remain unchanged after the distribution of the additional units. Page 1 of 2 30 June 2017 CIMB-Principal ASEAN Total Return Fund -Class USD A S S E T MA N A GE ME N T FUND MANAGER'S REPORT PORTFOLIO ANALYSIS The Fund posted a 1.02% return in June 2017, outperforming the benchmark by 0.30%. At the country level, Thailand and Indonesia were the outperformers, while Consumer Services and Industrial were the sector contributors. Year-to-date, the Fund has posted a 18.42% return, outperforming the benchmark by 14.02%. ASSET ALLOCATION Equities (Local) 48.06% Equities (Foreign) 42.77% Cash 9.17% 100.00% Total MSCI AC ASEAN index (USD terms) rallied by 0.86% in June. Outperformers were Indonesia (+2.38%), Thailand (+1.24%) and Singapore (+1.16%), whilst Philippines (-1.12%) and Malaysia (-0.29%) underperformed. While we continue to overweight Indonesia, we recently turned less negative on the Thailand market due to the government incentive to revitalize the investment climate in the country through the Eastern Economic Corridor scheme (EEC), a 20-year strategy to achieve long-term sustainable growth. The government is hopeful the EEC initiative would take Thailand to the next level, making it a part of China’s One-Belt-One-Road (OBOR) initiative. Furthermore , there are signs of recovery in consumption pattern. Earlier, Thailand’s consumer confidence was dented by the passing of the King in October 2016 and the prolonged rainy season in early 2017. We turned positive on ASEAN markets at the beginning of 2017 on the back of stabilising commodities prices which will eventually lead to recovery in consumption and capital expenditure. Our favoured sectors are early cyclicals such as Financials, Industrials and Consumer Discretionary in selective markets. SECTOR BREAKDOWN COUNTRY ALLOCATION Finance 24.48% Malaysia 48.06% Trading / Services 17.10% Indonesia 23.01% Consumer 13.70% Thailand 12.21% Industrials 11.01% Philippines 6.59% Construction 8.99% Singapore 0.96% Properties 5.55% Cash 9.17% Telecommunications 4.73% Technology 3.44% Utilities 1.83% Cash 9.17% Total 100.00% 100.00% Total TOP HOLDINGS 1 Malayan Banking Bhd Malaysia 5.94% 2 Malaysia Airports Hldg Bhd Malaysia 5.89% 3 YINSON Hldg Bhd Malaysia 5.41% 4 Telekomunikasi TBK PT Indonesia 4.73% 5 Gabungan AQRS Bhd Malaysia 4.56% 6 Gamuda Bhd Malaysia 3.96% 7 TPI Polene Power PCL Foreign Thailand 3.91% 8 Mitra Adiperkasa TBK PT Indonesia 3.77% 9 Pembangunan Perumahan Persero Indonesia 3.35% Indonesia 3.24% 10 Bank Mandiri Total 44.76% Page 2 of 2