Principal Islamic Money Market Fund Report - November 2020

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1. Principal Islamic Money Market Fund (formerly known as CIMB Islamic Money Market Fund) 3-year Fund Volatility 0.18 30 November 2020 Very Low Lipper Analytics 15 Nov 2020 Available under the EPF Members Investment Scheme. Fund Objective Fund Performance Aims to provide investors with liquidity and regular income, whilst maintaining capital stability by investing primarily in money market instruments that conform with Shariah principles. Currency: MYR 50% 45% 40% 35% 30% ISIN Code: MYU1000CX005 25% 20% Bloomberg Ticker: CIMISMM MK 15% 10% 5% Fund Information Domicile Malaysia Fund Currency Ringgit Malaysia Fund Size (MYR) MYR 1.27 billion Fund Unit 1.18 billion units Fund Launch Benchmark Dealing Fund CIMB Islamic 1-Month Fixed Return Income Account-i (FRIA-i) Daily (as per Bursa Malaysia trading day) 0.50% p.a. of the NAV Trustee Fee 0.03% p.a. of the NAV MYR 1.0774 Benchmark Past performance does not guarantee future results. Asset allocation and diversification do not ensure a profit or protect against a loss. Cumulative Performance (%) 17 March 2008 Management Fee Unit NAV (MYR) S ep Malaysia -0 M 8 ar -0 S 9 ep -0 M 9 ar -1 S 0 ep -1 M 0 ar -1 Se 1 p1 M 1 ar -1 S 2 ep -1 A 2 pr -1 O 3 ct -1 A 3 pr -1 O 4 ct -1 A 4 pr -1 O 5 ct -1 Ap 5 r1 O 6 ct -1 M 6 ay -1 N 7 ov M 17 ay -1 N 8 ov M 18 ay -1 N 9 ov M 19 ay -2 N 0 ov -2 0 0% Location YTD Fund 2.36 Benchmark 2.00 Since 1 Month 3 Months 6 Months 1-Year 3-Year 5-Year Inception 0.15 0.46 1.06 2.65 10.18 18.15 47.19 0.14 0.43 0.89 2.25 8.77 15.53 41.12 Calendar Year Returns (%) 2019 2018 2017 2016 2015 2014 Fund 3.46 3.78 3.72 3.36 3.36 3.09 Benchmark 3.09 3.19 2.99 3.12 2.88 2.78 2020 Nov 2020 Oct 2020 Sep 2020 Aug 2020 Jul 2020 Jun 0.36 0.32 0.15 0.20 0.21 0.42 3.96 3.60 1.68 2.16 2.28 4.68 Most Recent Fund Distributions Gross (Sen/Unit) Annualised Yield (%) Note: March 2008 to November 2020. 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. Annualised yield is calculated as the most recent monthly dividend distribution multiplied by the Fund’s dividend frequency and divided by the latest NAV. Source : Lipper Top 10 Holdings Fund Risk Statistics Beta Sabah Credit Corp % of net Country assets Malaysia 7.86 Aeon Co. M Bhd Malaysia 6.13 Information Ratio First Resources Ltd Malaysia 5.62 4.09 Malakoff Power Bhd Malaysia 5.13 UMW Hldg Bhd Malaysia 3.21 Gamuda Land (T12) Sdn Bhd Malaysia 3.15 Gulf Investment Corp Malaysia 3.08 Public Islamic Bank Bhd Malaysia 2.79 Sarawak Energy Bhd Malaysia 2.00 Teknologi Tenaga Perlis Malaysia 1.98 The holdings listed do no constitute a recommendation to purchase or sell a particular security. Cash and/or derivative positions that are not part of the core investment strategy will not be reflected in the top holdings list. 1.11 Sharpe Ratio -0.02 3 years monthly data
2. Principal Islamic Money Market Fund (formerly known as CIMB Islamic Money Market Fund) Asset Allocation (%) Sector Allocation (%) Cash 38.76 61.24 10 20 30 40 Regional Allocation (%) Cash Sukuk 0 As of 30 November 2020 50 60 Cash 38.76 61.24 Sukuk 0 Fund 10 20 30 40 50 60 Fund 38.76 61.24 Malaysia 0 10 20 30 40 50 60 Fund Source: Factset. Fund holdings and allocations shown are unaudited and may not be representative of current or future investments. Percentages may not add up to 100% due to rounding and/or inclusion or exclusion of cash will not be reflected in the top holdings list. Fund Manager's Report The Fund’s performance for the month of November 2020 came in at 0.15%, outperforming the benchmark's return by 1bps. For the 12-months period ending 30 November 2020, the Fund delivered 2.65%, outperforming the benchmark by 40bps. In the November MPC meeting, BNM maintained its OPR at 1.75% as BNM sounded upbeat and optimistic in the recovery of the global and domestic economies. BNM expects Malaysia’s growth for 2020 to be within the earlier forecasted range of -3.5 to -5.5% and considers the current stance of the monetary policy to be “appropriate and accommodative”. Malaysia’s Budget 2021 was passed at its policy stage via a majority voice vote on 27th November 2020 with additional measures/amendments including a further loan moratorium for the B40 and micro SMEs and the expansion of i-Sinar facility to include all EPF members whose income has been affected persons from by the pandemic. 3Q GDP rebounded to +2.7% YoY as against the 2Q GDP’s contraction of 17.1% and market consensus of -4.0% YoY. We remain cognizant that credit metrics for corporates may weaken in the near-term and we will continue our bottom-up approach on credit selection to avoid any risk on credit migration. ^Based on the fund's portfolio returns as at 15 November 2020, the includes funds with VF that are below 3.635. The VF means there is Class (VC) is assigned by Lipper based on quintile ranks of VF for portfolio may have changed since this date and there is no guarantee the market for at least 36 months will display the VF and its VC. Volatility Factor (VF) for this fund is 0.180 and is classified as "Very Low" (source: Lipper). "Very Low" a possibility for the fund in generating an upside return or downside return around this VF. The Volatility qualified funds. VF is subject to monthly revision and VC will be revised every six months. The fund 's that the fund will continue to have the same VF or VC in the future. Presently, only funds launched in We recommend that you read and understand the contents of the Master Prospectus (Islamic Funds) dated 31 December 2019, 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 country risk, credit and default risk, currency risk and interest rate risk*. You can obtain a copy of the Master Prospectus (Shariah-Compliant Funds) from the head office of 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. *Note: The Fund does not invest in interest bearing instruments; the interest rate referred herein is to the general interest rate of the country, which may affect the value of the investments of the Fund. Carefully consider a fund's objective, risks, charges and expenses. Visit www.principal.com.my for a prospectus containing this and other information. Please read it carefully before investing. 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.principal.com.my