Eastspring Investments Islamic China A-Shares Fund Report - May 2022

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1. ADVERTISEMENT ISLAMIC CHINA A-SHARES FUND MAY 2022 ALL DATA AS AT 30 APRIL 2022 UNLESS OTHERWISE STATED FUND INFORMATION FUND OBJECTIVE Launch Date : 13 September 2021 The Fund seeks to provide investor with capital appreciation in the long-term. . . Fund Category/Fund Type: Equity (Shariah-compliant) / Growth ASSET ALLOCATION . Fund Size: RM91,909,255.08 . 1. 2. 3. 4. 5. 6. Initial Offer Price: RM0.5000 . NAV per Unit: RM0.3898 . EPF Investment Scheme: Nil . ISIN No: MYU0100A1615 . Industrials Consumer Goods Health care Technology Basic Materials Cash & cash equivalents 32.47% 19.73% 11.96% 8.63% 7.98% 6.89% 7. Utilities 8. Consumer Staples 9. Information Technology 10. Energy 11. Exchange Trade Fund 5.39% 3.31% 2.31% 1.29% 0.04% * as percentage of NAV. . FEES, CHARGES AND EXPENSES Annual Management Fee: Up to 1.80% of the Fund's NAV per annum . Annual Trustee Fee: Up to 0.065% of the Fund's NAV per annum, subject to a minimum of RM15,000 per annum (excluding foreign custodian fees and charges) . TOP HOLDINGS 1. Contemporary Amperex Technology Co., Limited 2. China Yangtze Power Co., Limited 3. Shenzhen Mindray Bio-Medical Electronics Co., Limited 7.94% 5.39% 5.36% 4. BYD Co Ltd 5. Inner Mongolia Yili Industrial Group Co., Limited * as percentage of NAV. Sales Charge: Up to 5.50% of the NAV per unit . FUND PERFORMANCE Redemption charge: Nil . Eastspring Investments Islamic China A-Shares Fund - Since Inception (SI) Return Vs Benchmark Redemption Payment Period: Ten (10) Calendar Days . SI % Change TRANSACTION DETAILS Minimum Initial Investment: Lump Sum: RM1000* Regular Investment: RM100* . Minimum Additional Investment: Lump Sum & Regular Investment: RM100* "Not available as the fund performance is less than one year" . * The Manager reserves the right to change the minimum amounts stipulated above from time to time . Date DISTRIBUTIONS Eastspring Investments Islamic China A-Shares Fund Income Distribution Policy: Distribution of income, if any, will be incidental, after deduction of taxation and expenses . Fund NAV: 52-Week High 52-Week Low NAV n.a. n.a. Date n.a. n.a. FUND MANAGER Fund Manager: External Investment Manager Eastspring Al-Wara’ Investments Berhad . Eastspring Investments Berhad 200001028634 (531241-U) Level 22, Menara Prudential, Persiaran TRX Barat, 55188 Tun Razak Exchange, Kuala Lumpur Tel: 603 - 2778 3888 E-mail: cs.my@eastspring.com Web: www.eastspring.com/my Benchmark The performance is calculated on NAV-to-NAV basis with gross income or dividend reinvested Source: Lipper for Investment Management. Past performance is not necessarily indicative of future performance. 5.19% 5.02%
2. ADVERTISEMENT ISLAMIC CHINA A-SHARES FUND MAY 2022 ALL DATA AS AT 30 APRIL 2022 UNLESS OTHERWISE STATED PERFORMANCE TABLE 1 month 6 months 1 year 3 years 5 years Since Inception Fund Benchmark * "Not available as the fund performance is less than one year" Lipper Ranking * Dow Jones Islamic Market China A 100 Index . FUND MANAGER’S COMMENTARY Chinese equity markets fell in April with the Dow Jones Shariah A-share 100 index declining 11.31% in USD terms during the month. Markets tumbled as China’s zero-Covid lockdowns and its impact to China’s growth were digested by investors . Global inflationary pressures continued as the cost of the Russia-Ukraine war dragged on. Meanwhile, a more hawkish US Federal Reserve sent the US Dollar higher and put further pressure on emerging market equities. In China, Q1 GDP came in ahead of expectations at 4.8% growth year-over-year with manufacturing and fixed asset investments ahead of expectations. However, there was little to cheer for as March macroeconomic data had begun to show weakness with industrial production, retail sales and labor market employment all declining vs a month ago. The cost of China’s stringent Covid-19 induced lockdowns were putting a strain on the economy. The government upped its rhetoric to support its 2022 GDP growth target of 5.5%, with focuses on infrastructure and consumer demand while also vowing to support platform economies. The news sent shares of internet companies higher, but investor scepticism remained on government measures to support growth after a brutal crackdown on the internet companies in the past year. The mainland Shanghai Shenzhen 300 Composite fell 4.89% during the month. During the month, the Fund fell 8.60%, outperforming the benchmark which fell 8.76%. Key contributor was cash allocation. OTHER INFORMATION ABOUT THE FUND Year - - - - - Annual Fund Performance (%) - - - - - Annual Benchmark Performance (%) Date/Distribution (RM) "Not available as the fund performance is less than one year" - - - - - Distribution Yield (%) - - - - - Source: n.a. . IMPORTANT INFORMATION Investors are advised to read and understand the contents of the Eastspring Investments Islamic China A -Shares Fund (“Fund”) Prospectus dated 13 September 2021 (“Prospectus”) and the Fund’s Product Highlights Sheet (“PHS”) before investing. The Prospectus and PHS are available at offices of Eastspring Investments Berhad or its authorised distributors and investors have the right to request for a copy of the Prospectus and PHS. This advertisement has not been reviewed by the Securities Commission Malaysia ("SC"). The Prospectus has been registered with the SC who takes no responsibility for its contents. The registration of Prospectus with the SC does not amount to nor indicate that the SC has recommended or endorsed the product. Units will only be issued upon receipt of the application form accompanying the Prospectus. Past performance is not an indication of the future performance. Unit prices and distributions payable, if any, may go down as well as up. Where a unit split/distribution is declared, investors are advised that following the issue of additional units/distribution, the Net Asset Value (“NAV”) per unit will be reduced from pre-unit split NAV/cum-distribution NAV to post-unit split NAV/ex-distribution NAV. Where a unit split is declared, investors are advised that the value of their investment in Malaysian Ringgit will remain unchanged after the issue of the additional units. Investments in the Fund are exposed to Islamic collective investment scheme risk, equity risk, single country risk, currency risk, counterparty risk and Shariah status reclassification risk. Investors are advised to consider these risks and other general risks as elaborated in the Prospectus, as well as the fees, charges and expenses involved before investing. Investors may also wish to seek advice from a professional adviser before making a commitment to invest in units of any of our funds. Eastspring Investments ("Eastspring") is an ultimately wholly owned subsidiary of Prudential plc. Prudential plc, is incorporated and registered in England and Wales. Registered office: 1 Angel Court, London EC2R 7AG. Registered number 1397169. Prudential plc is a holding company, some of whose subsidiaries are authorized and regulated, as applicable, by the Hong Kong Insurance Authority and other regulatory authorities . Prudential plc is not affiliated in any manner with Prudential Financial , Inc., a company whose principal place of business is in the United States of America or with the Prudential Assurance Company Limited , a subsidiary of M&G plc. A company incorporated in the United Kingdom.