1 30 June 2018. CIMB-Principal asia Pacific Dynamic income Fund - Class SGD. A S S E T MA N A GE ME N T. FUND INFORMATION FUND OBJECTIVE. Domicile Malaysia The investment objective of the Fund is to aim to provide regular income by investing primarily Base Currency Dollar in the asia Pacific ex Japan region and at the same time to achieve capital appreciation over the medium to long term. Fund Launch 9 September 2015. Fund Inception 30 September 2015. Benchmark/Target Return 8% FUND PERFORMANCE in SGD. Application Fee Up to of the NAV. 60%. Management Fee Up to of the NAV. 55%. Trustee Fee Up to of the NAV 50%. Switching Fee Currently up to 1% 45%. Total Fund Size (USD) USD billion 40%. 35%. NAV per unit SGD 30%. 25%. (As at 30 June 2018) Fund 20%.
2 Distribution Frequency Refer to page 28 of the Fund's Singapore Benchmark 15%. Prospectus 10%. Manager CIMB-Principal Asset Management 5%. Berhad 0%. O - 15. D t- 15. Ja - 15. Fe - 16. A p - 16. M r- 16. Ju 16. Au l- 16. Se 16. No - 16. D - 16. Ja - 16. M - 17. A - 17. Ju - 17. Ju 17. Au l- 17. O - 17. No t- 17. De - 17. Fe - 17. M - 18. M r- 18. Ju - 18. 18. Trustee HSBC (Malaysia) Trustee Berhad - 5%. - g- n- n- ar pr p n b p n g b ec ay v ec v c ay a c c Se Custodian The Hong Kong and Shanghai Banking - 10%. - 15%. Corporation Ltd and assets held through - 20%. HSBC Nominees (Tempatan) Sdn Bhd (in Cumulative Performance (%). Malaysia) and HSBC Institutional trust Since Services ( asia ) Limited (outside Malaysia) YTD 1 Month 3 Months 6 Months 1 Year 3 Years 5 Years Inception ISIN Code MYU1001FH009 Fund N/A N/A Bloomberg Ticker CPASSGD MK Benchmark/Target Return N/A N/A Calendar Year Performance (%).
3 2017 2016 2015 2014 2013 2012. Fund N/A N/A N/A N/A. Benchmark N/A N/A N/A N/A. Most Recent Fund Distributions **. 2018. Apr Gross (Sen/Unit) Yield (%) Note: September 2015 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. The Manager of the CIMB-Principal asia Pacific Dynamic income Fund is CIMB-Principal Asset Management Berhad. The Manager has appointed CIMB-Principal Asset Management (S) Pte. Ltd. (Company Registration No. 200607208K) as its Singapore Representative and agent for service of process in Singapore. Copies of the prospectus are available from the Singapore Representative at 50 Raffles Place, #22-03A Singapore Land Tower, Singapore 048623 or at Investors should read the prospectus before deciding to purchase any units in the Fund ( Units ).
4 The listing of the Units does not guarantee a liquid market for the Units. The value of the Units and the income derived from them, if any, may fall as well as rise. Past performances of the Fund, the Manager are not necessarily indicative of their future performance. The information contained herein is for your general information only Details of Singapore Representative: and does not have any regard to your specific investment objectives, financial situation and any of your particular needs. You may wish to seek advice from a financial adviser before making a commitment to purchase Units. If you choose not to seek advice from a financial adviser, you should consider whether the Fund is suitable for you. CIMB-Principal Asset Management (S) Pte Ltd 50, Raffles Place Although the information contained herein has been taken from sources that are believed to be accurate, no warranty or representation is made as to its correctness, completeness or accuracy.
5 The Manager accepts no liability whatsoever #22-03A Singapore Land Tower for any direct, indirect or consequential loss arising from any use or reliance of the information herein. Singapore 048623. Tel: (65) 6210 8488. Fax: (65) 6210 8489. Website: Page 1 of 2. 30 June 2018. CIMB-Principal asia Pacific Dynamic income Fund - Class SGD. A S S E T MA N A GE ME N T. FUND MANAGER'S REPORT PORTFOLIO ANALYSIS. In June, the Fund decreased by 226bps. Year-to-date ASSET ALLOCATION. the Fund is down 75bps. Equities (Foreign) Asian Pac ex-Japan equities fell 5% (US$ ). Equities (Local) month-on-month in June on rising trade tensions between the US and China and US$ dollar strength Cash (Dollar Index +3% ytd to 95). Australia outperformed Total while China, Korea and ASEAN underperformed.
6 The energy sector outperformed as oil prices rallied on continued concerns of a supply shortfall despite the OPEC agreement to boost supply. Topical issues: how will the US-China trade tiff be resolved?, could Asian currencies weaken materially from here? We are Neutral on Asian equities in the short term. A range-bound scenario is likely due to the ongoing US-China trade rift and US$ strength. Asian currencies, especially the SECTOR BREAKDOWN COUNTRY ALLOCATION. Chinese Yuan (weakened -2% ytd) are an important indicator of trade & capital flows and sentiment. Our view is that the trade rift is more about intellectual property protection than just tariffs on goods and hence any softening of the stance on the former should be taken positively.
7 Meantime, Asian corporate earnings are expected to grow by +11% and +9% in 2018 & 2019. which should underpin longer term returns. While this is a downgrade from consensus estimates of +13% and +10%, it should not be a surprise given how markets Finance Hong Kong have been de-rated. We are positive on Asian equities Consumer Australia in the longer term. Industrials China The portfolio has a Beta of 1 and are geared towards Technology India strong franchises and defensive growth ideas. We have Basic Materials Singapore recently added selective energy, industrials (transport) Telecommunications Taiwan and telecom. The portfolio is 91% invested and our Health Care Indonesia preference in terms of country is China/Hong Kong and Oil & Gas Malaysia Singapore.
8 We remained cautious on India and the Philippines due to the current account deficit. In sector Trading / Services United States terms, we prefer financials in general; tech in China and Cash South Korea materials in China and Australia. Thailand Cayman Islands Cash Total Total TOP HOLDINGS. 1 Tencent Hldg Ltd Hong Kong 2 BHP Billiton Ltd Australia 3 AIA Group Ltd Hong Kong 4 Industrial and Commercial Bank China 5 Samsung Electronics Co. Ltd South Korea 6 Taiwan Semiconducter Manuf Taiwan 7 Anhui Conch Cement Co. Ltd -A China 8 Autohome Inc -ADR United States 9 Housing Development Finance Corp Ltd India 10 Galaxy Entertainment Grp Ltd Hong Kong Total Page 2 of 2.