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30 April 2016

CIMB Islamic Asia Pacific Equity Fund


A S S E T

MA N A GE ME N T

FUND OBJECTIVE
Aims to achieve long-term capital appreciation and income while complying with Shariah
investment criteria, through investments in the emerging and developed markets of Asia
Pacific ex Japan region.

FUND PERFORMANCE in MYR


60%
50%

INVESTMENT VOLATILITY

40%
30%

3-year
Fund Volatlity

8.73

20%

Fund
Benchmark

10%

Moderate

FUND INFORMATION

Malaysia

Domicile

Ringgit Malaysia

Fund Currency
Fund Size (MYR)

MYR 220.29 million

Fund Unit

328.55 million units

Fund Launch

2 June 2006

Fund Inception (MYR)

2 June 2006

Benchmark
Dealing
Application Fee

Apr-2016

Oct-2015

Apr-2015

Oct-2014

Apr-2014

Oct-2013

Apr-2013

Oct-2012

Apr-2012

Oct-2011

Apr-2011

Oct-2010

Apr-2010

Oct-2009

Apr-2009

Oct-2008

Apr-2008

- 20%

Kuala Lumpur, Malaysia

Location

Oct-2007

0%
- 10%

Apr-2007

15 Apr 2016

Oct-2006

Lipper Analytcs

MSCI AC Asia ex Japan Islamic Index


Daily (as per Bursa Malaysia trading day)

- 30%
- 40%

Cumulative Performance (%)


YTD 1 Month
Fund
Benchmark

-9.39
-6.47

-0.75
-0.23

3 Months

6 Months

-0.58
2.65

-10.68
-9.54

1 Year 3 Years 5 Years


-6.28
-6.94

21.58
19.89

Since
Inception

12.44
8.17

40.80
26.38

Calendar Year Performance (%)

Fund
Benchmark

2015

2014

2013

2012

2011

2010

14.87
10.31

10.25
7.63

5.79
6.75

14.23
10.88

-19.13
-17.17

-1.09
6.30

IUTA: Up to 5.00% of the NAV per unit


CWA: Up to 5.00% of the NAV per unit

Management Fee

Up to 1.80% p.a.of the NAV


0.07% p.a.of NAV

Trustee Fee

MYR 0.6704

Unit NAV (MYR)

Note: June 2006 to April 2016.


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

CIMB-PRINCIPAL AWARDS AND ACCOLADES

Currency
MYR

ISIN Code

Bloomberg Ticker

MYU1000AA007

CIMAPAD 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

^Based on the fund's portfolio returns as at 15 April 2016, the Volatility Factor (VF) for this fund is 8.73 and is classified
as "Moderate" (source: Lipper). "Moderate" includes funds with VF that are above 6.550 but not more than 8.645. 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 VC.
We recommend that you read and understand the contents of the Master Prospectus (Shariah-Compliant Funds) Issue
No. 8 dated 30 June 2015, 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. Any issue of units to which
the Master Prospectus (Shariah-Compliant Funds) relates will only be made upon receipt of the completed application
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 counterparty risk, country risk, currency risk, risks
associated with investment in warrants and/or options 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 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. 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 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.

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30 April 2016

CIMB Islamic Asia Pacific Equity Fund


A S S E T

MA N A GE ME N T

FUND MANAGER'S REPORT

PORTFOLIO ANALYSIS

In
April
2016,
the
Fund
was
down
0.75% ,
underperforming the benchmark by 0.52%. We are
overweight in Hong Kong, Indonesia and Philippines,
and
underweight
in
China,
Korea
and
Malaysia.
Sector-wise, we are overweight in Telecommunications,
Financials and Consumer Services and underweight in
Oil & Gas, Technology, Industrials, Basic Materials and
Utilities.
Year-to-date,
the
Fund
is
down
9.39%,
underperforming the benchmark by 2.92%.

ASSET ALLOCATION
Shariah-compliant Equities (Foreign)

90.57%

Cash

9.43%

100.00%

Total

Asian equity markets ended a flat month in April 2016


with concerns over the Bank of Japans ability to
stimulate the economy, and the sustainability of Chinas
economic rebound in the face of a spiraling debt
burden.
Following a strong risk-on rally in March 2016,
the market rally appears to have petered out. We have a
neutral view of Asian Equities and expect markets to
remain range-bound, limited by lack of earnings and
fear of deflation, but supported by central banks market
friendly interventions.

SECTOR BREAKDOWN

Our research efforts continue to be on companies and


sectors with above-market growth rates, such as those
which would benefit from the new economic structure
such as internet, fintech, robotics and automation. We
also favour interest-rate sensitive stocks in Asia, as
Central banks in Asia have the option of cutting interest
rates to boost growth, as well as companies that could
benefit from roll-out of infrastructure spending.

COUNTRY ALLOCATION

Consumer

25.64%

Hong Kong

31.76%

Telecommunications

20.76%

India

11.29%

Technology

9.62%

South Korea

11.19%

Financials

9.51%

Taiwan

10.02%

Oil & Gas

9.46%

Indonesia

9.26%

Industrials

5.69%

Singapore

6.46%

Basic Materials

4.45%

China

6.40%

Utilities

2.06%

Philippines

4.19%

Mutual Fund

1.77%

Cash

9.43%

Health Care

1.61%

Cash

9.43%

Total

100.00%

100.00%

Total

TOP HOLDINGS

RISK STATISTICS

1 Tencent Hldg Ltd

Hong Kong

9.62%

2 Chunghwa Telecom Co. Ltd

Taiwan

7.07%

3 LG Chem Ltd

South Korea

4.45%

4 Amorepacific Corp

South Korea

4.39%

5 Telekomunikasi TBK PT

Indonesia

4.34%

6 Techtronic Industries Co

Hong Kong

4.16%

Beta

0.77

7 Singapore Telecommunications

Singapore

3.84%

Information Ratio

0.08

8 CNOOC Ltd

Hong Kong

3.57%

Sharpe Ratio

0.39

9 MTR Corp Ltd

Hong Kong

3.51%

India

3.45%

3 years monthly data

10 Reliance Industries Ltd


Total

48.40%

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