Download CIMB-Principal ASEAN Total Return Fund

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%
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