30 June 2018 CIMB-Principal Asia Pacific Dynamic …

1 30 June 2018 CIMB-Principal asia Pacific Dynamic income fund - Class MYRA vailable under the EPF Members Investment S S E T M A N A G E M E N T 2017 2016 2015 2014 2013 50%- 30%- 10%10%30%50%70%90%110%130%150%170%190%Ju l-11 Oct-11 Feb-12 May-12 Sep-12 Dec-12 Apr-13 Jul-13 Nov-13 Feb-14 May-14 Sep-14 Dec-14 Apr-15 Jul-15 Nov-15 Feb-16 Jun-16 Sep-16 Dec-16 Apr-17 Jul-17 Nov-17 Feb-18 Jun-18 FundBenchmarkFUND OBJECTIVEFUND PERFORMANCE in MYRC umulative Performance (%) CIMB-Principal Asset Management Berhad10th Floor, Bangunan cimb , Jalan SemantanDamansara Heights, 50490 Kuala : (603) 2084 8888 Fax: (603) 2084 8899 Website: TickerISIN CodeCurrencyMYRMYU1000DP009 CPASPDI MKAims to provide regular income by investing primarily in the asia Pacific ex Japan region and at the same time aims to achieve capital appreciation over the medium to long VOLATILITYFUND INFORMATIONL ocationKuala Lumpur, MalaysiaDomicileMalaysiaFund DollarFund Size (MYR)MYR billionFund billion unitsFund Launch25 April 2011 fund Inception (MYR)16 May 2011 Benchmark8% (as per Bursa Malaysia trading day)Application FeeCWA: Up to of the NAV per unitIUTAs: Up to of the NAV per unitManagement FeeUp to of the NAVT rustee FeeUp to of the NAVUnit NAV (MYR)MYR Months6 Months3 Years5 YearsSince Inception1 Year1 High15 Jun 20183-yearFund VolatlityLipper Analytcs^Based on the fund 's portfolio returns as at 15 June 2018, the Volatility Factor (VF) for this fund is and is classified as "Very High" (source: Lipper).

2 "Very High" includes funds with VF that are above 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 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 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.

3 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 accompanying the fund Prospectus, subject to the terms and conditions therein. Investments in the fund are exposed to counterparty risk, country risk, credit (default) risk, currency risk, interest rate risk, liquidity risk, market risk, risk associated with 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 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.

4 There are fees and charges involved in investing in the fund . 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 also advised to read and understand the contents of the Financing for Investment in Unit Trust Risk Disclosure Statement/Unit Trust Loan 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 Recent fund Distributions (Sen/Unit) (%) CIMB-Principal AWARDS AND ACCOLADESNote: May 2011 to June 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.

5 Earnings are assumed to be reinvested. Most Recent Unit SplitRatio2014 Oct2:5 Calendar Year Performance (%)Page 1 of 230 June 2018 CIMB-Principal asia Pacific Dynamic income fund - Class MYRA vailable under the EPF Members Investment S S E T M A N A G E M E N T fund MANAGER'S REPORTRISK STATISTICSPORTFOLIO ANALYSISASSET ALLOCATIONSECTOR BREAKDOWNTOP HOLDINGSCOUNTRY ALLOCATIONE quities (Foreign) (Local) Materials Care & Gas / Services Kong States Korea Islands 1 Tencent Hldg LtdHong Kong 2 BHP Billiton LtdAustralia 3 AIA Group LtdHong Kong 4 Industrial and Commercial BankChina 5 Samsung Electronics Co. LtdSouth Korea 6 Taiwan Semiconducter ManufTaiwan 7 Anhui Conch Cement Co. Ltd -AChina 8 Autohome Inc -ADRU nited States 9 Housing Development Finance Corp LtdIndia 10 Galaxy Entertainment Grp LtdHong Kong June, the fund decreased by 276bps. Year-to-date the fund is down Pac ex-Japan equities fell 5% (USD) month-on-month in June on rising trade tensions between the US and China and US$ dollar strength (Dollar Index +3% ytd to 95).

6 Australia outperformed while China, Korea and ASEAN underperformed. 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 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 have been de-rated. We are positive on Asian equities in the longer term. The portfolio has a Beta of 1 and are geared towards strong franchises and defensive growth ideas. We have recently added selective energy, industrials (transport) and telecom. The portfolio is 91% invested and our preference in terms of country is China/Hong Kong and Singapore. We remained cautious on India and the Philippines due to the current account deficit. In sector terms, we prefer financials in general; tech in China and materials in China and Ratio Ratio years monthly dataPage 2 of 2