30 June 2018 CIMB Islamic DALI Equity Fund - …

1 30 June 2018. cimb Islamic dali Equity fund A S S E T MA N A GE ME N T. Available under the EPF Members Investment Scheme. INVESTMENT VOLATILITY fund OBJECTIVE. To achieve a consistent capital growth over the medium to long-term. 3-year fund Volatlity Moderate Lipper Analytcs fund PERFORMANCE in MYR. 15 Jun 2018. 300%. 280%. 260%. fund INFORMATION. 240%. 220%. Location Kuala Lumpur, Malaysia 200%. Domicile Malaysia 180%. fund Currency Ringgit Malaysia 160%. fund Size (MYR) MYR billion 140% fund 120% Benchmark fund Unit million units 100%. 80%. fund Launch 30 April 2003 60%. fund Inception (MYR) 30 April 2003 40%. 20%. 0%. Benchmark 70% FTSE Bursa Malaysia EMAS Shariah ay 3. D - 04. Au - 04. M - 05. O - 06. Ju - 06. Ja - 07. Au - 08. Ap - 08. N o r- 09. Ju - 09. Fe - 10. Se - 11. A - 11. D e r- 12. Ju 12. Fe l- 13. O - 14. M t- 14. D e - 15. A - 15. M - 16. O - 17. Ju - 17. 18. M t- 0. c- n- Index + 30% MSCI AC Asia ex Japan ec v ay c ar ar g n n g n b p b ug ct ct c c p O.

2 Islamic Index Cumulative Performance (%). Dealing Daily (as per Bursa Malaysia trading day) Since YTD 1 Month 3 Months 6 Months 1 Year 3 Years 5 Years Inception Application Fee IUTAs: of the NAV per unit CWA: of the NAV per unit fund Management Fee of the NAV Benchmark Trustee Fee of the NAV Calendar Year Performance (%). 2017 2016 2015 2014 2013 2012. Unit NAV (MYR) MYR fund Benchmark Most Recent fund Distributions 2017 2016 2015 2014 2013 2012. Nov Jun Jun Jun Jun Jun Gross (Sen/Unit) Yield (%) Note: April 2003 to June 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 June 2018, the Volatility Factor (VF) for this fund is and is classified as "Moderate" (source: Lipper).

3 "Moderate" includes funds with VF that are above but not more than The Currency ISIN Code Bloomberg Ticker 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 MYU1000BC001 BHLPDA2 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 the Master Prospectus (Shariah-Compliant Funds) Issue No. 10 dated 30 June 2017, which has been duly registered with the Securities Commission Malaysia, before investing and that you keep the said Master Prospectus (Shariah-Compliant Funds) for your records.

4 Any issue of units to which the Master Prospectus (Shariah-Compliant Funds) relates will only be made upon receipt of the completed application cimb -Principal Asset Management Berhad form referred to in and accompanying the Master Prospectus (Shariah-Compliant Funds), subject to the terms and conditions therein. Investments in the fund are exposed to country risk, currency risk, risk of investing in emerging 10th Floor, Bangunan cimb , Jalan Semantan markets and stock specific risk. You can obtain a copy of the Master Prospectus (Shariah-Compliant Funds) from the head office of cimb -Principal Asset Management Berhad or from any of our approved Highlight Damansara Heights, 50490 Kuala Lumpur. 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.

5 There are fees and charges involved in investing in the funds. We suggest that you consider these fees and charges carefully prior to Tel: (603) 2084 8888 making an investment. Unit prices and income distributions, if any, may fall or rise. Past performance is not reflective of Fax: (603) 2084 8899 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 before deciding to obtain financing to Website: 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.

6 Page 1 of 2. 30 June 2018. cimb Islamic dali Equity fund 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 June, the fund declined , outperforming the ASSET ALLOCATION. benchmark by 29 basis points (bps). Year-to-date, the fund declined , underperforming the benchmark Shariah-compliant Equities (Local) by 64 bps. Korea contributed positively while Malaysia Shariah-compliant Equities (Foreign) and Taiwan were detractors. In sector terms, Basic Materials contributed positively while Industrials was a Preferred Stock detractor. Cash Islamic Asian ex-Japan equities declined 5% in June on Total rising trade tensions between US and China and continued appreciation of the US$ (+ YTD). The energy sector outperformed as oil prices rallied after OPEC decided to produce less oil than expected despite pressures from Saudi Arabia and Russia.

7 The Chinese Yuan depreciated 3% during the month with minimal intervention by the Chinese government to stem the decline. The Malaysian market continues to be SECTOR BREAKDOWN COUNTRY ALLOCATION. sold off in June, rattled by continuous newsflow on 1 MDB and policy overhang on some of the mega projects like ECRL, MRT3 and HSR. Telcos and Banks underperformed due to fear of lower broadband charges and re-pricing of risk arising from expectation of a slower GDP in 2018 and 2019 respectively. We see opportunities in selective ASEAN companies whose operations have been challenging previously but are now showing signs of turnaround. The fund is Trading / Services Malaysia overweight Information Technology, Energy, Industrials, Consumer Hong Kong Consumer Staples and Underweight Utilities, Real Industrials South Korea Estate and Telecommunications. We had recently Plantations China added selective Energy stocks with supply side discipline in oil production keeping crude oil price Technology Cayman Islands elevated.

8 We expect the Malaysia Equity market to Finance India remain volatile in 2H2018 given a more challenging Oil & Gas Taiwan macro backdrop. Developments in the local front will Basic Materials Australia also remain fluid especially with respect to the changes Construction Indonesia of GLC management team and the government's fiscal Properties United States management. We are cognisant of the fact that valuations at selective sectors remain quite compelling. IPC Singapore As such, we will start to deploy cash gradually into Mutual fund Cash quality names with reasonable risk/reward profiles Cash during market retracements. Total Total TOP HOLDINGS. 1 Tenaga Nasional Bhd Malaysia 2 Petronas Chemicals Group Bhd Malaysia 3 Axiata Group Bhd Malaysia 4 Alibaba Group Holding Ltd Cayman Islands 5 Samsung Electronics Co. Ltd South Korea RISK STATISTICS. 6 Sime Darby Bhd Malaysia Beta 7 IHH Healthcare Bhd Malaysia Information Ratio 8 IOI Corp Bhd Malaysia Sharpe Ratio 9 YINSON Hldg Bhd Malaysia 3 years monthly data 10 Top Glove Corp Bhd Malaysia Total Page 2 of 2.