30 June 2018 CIMB-Principal Asian Equity Fund

1 30 June 2018 CIMB-Principal Asian Equity FundAvailable under the EPF Members Investment S S E T M A N A G E M E N T 2017 2016 2015 2014 2013 60%- 50%- 40%- 30%- 20%- 10%0%10%20%30%40%50%60%70%80%90%100%Aug- 06 Jan-07 Jul-07 Jan-08 Jul-08 Jan-09 Jul-09 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Dec-15 Jun-16 Dec-16 Jun-17 Dec-17 Jun-18 FundBenchmarkINVESTMENT VOLATILITYFUND INFORMATIONFUND 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: Lumpur, MalaysiaDomicileMalaysiaFund CurrencyRinggit MalaysiaFund Size (MYR)MYR millionFund million unitsFund Launch1 March 2006 fund Inception (MYR)1 March 2006 BenchmarkMSCI All Country Asia ex Japan IndexDealingDaily (as per Bursa Malaysia trading day)Application of the NAV per unitManagement of the NAVT rustee of the NAVUnit NAV (MYR)MYR TickerISIN CodeCurrencyMYRMYU1000AS009 SBBAEQF MKTo seek capital growth by investing primarily in equities and Equity related instruments in the Asia ex-Japan (excluding Malaysia).

2 3 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). "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.

3 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 Issue No. 21 dated 30 June 2017, which has been duly registered with the Securities Commission Malaysia, before investing and that you keep the said Master Prospectus for your records. Any issue of units to which the Master Prospectus relates will only be made upon receipt of the completed application form referred to in and accompanying the Master Prospectus, subject to the terms and conditions therein. Investments in the fund are exposed to country risk, currency risk, liquidity risk, risk of investing in emerging markets, risks associated with investment in warrants and stock specific risk.

4 You can obtain a copy of the Master 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 fees and 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.

5 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 AWARDS AND ACCOLADESNote: March 2006 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.

6 Earnings are assumed to be reinvested. Source: LipperCalendar Year Performance (%)Page 1 of 230 June 2018 CIMB-Principal Asian Equity FundAvailable 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) & Gas / Services fund Materials Kong Korea Islands States 1 Tencent Hldg LtdHong Kong 2 Samsung Electronics Co. LtdSouth Korea 3 Alibaba Group Holding LtdCayman Islands 4 Industrial and Commercial BankChina 5 Taiwan Semiconducter ManufTaiwan 6 Galaxy Entertainment Grp LtdHong Kong 7 AIA Group LtdHong Kong 8 DBS Group Hldg LtdSingapore 9 Nvidia CorpUnited States 10 Venture Corp LtdSingapore June, the fund declined by 482bps underperforming the benchmark by 104bps.

7 Asian 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). 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.

8 A range-bound scenario is likely due to the ongoing US-China trade rift and USD 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. Meantime, Asian corporate earnings are expected to grow by +11% and +9% in 2018 & 2019 which should underpin longer term returns. We are positive on Asian equities in the longer term.

9 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 portfolios are 91% invested and Overweight in Singapore & Indonesia, Underweight Korea, Taiwan and India. In sector terms, we are overweight financials in Singapore; industrials in Malaysia; materials in China+HK; consumer in China+HK, Indonesia, Thailand; tech in China, Singapore; real estate in Singapore, energy in India. Underweight health care, telecoms and Ratio years monthly dataPage 2 of 2