Principal DALI Asia Pacific Equity Growth Fund Report - June 2021

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1. Principal DALI Asia Pacific Equity Growth Fund 3-year Fund Volatility 14 .43 30 June 2021 High Lipper Analytics 15 Jun 2021 Available under the EPF Members Investment Scheme. Fund Objective Fund Performance To provide investors with long-term capital growth by investing principally in equities. The Fund also seeks to outperform the benchmark. 350% 300% 250% ISIN Code: MYU1000BD009 200% Bloomberg Ticker: SBBIKLS MK 150% 100% Fund Information Location Domicile 50% Malaysia Malaysia Fund Currency Ringgit Malaysia Fund Size (MYR) MYR 1.62 billion Fund Unit 2.39 billion units Fund Launch 8 October 2004 Benchmark Dealing Application Fee - 50% Fund Benchmark Past performance does not guarantee future results. Asset allocation and diversification do not ensure a profit or protect against a loss. 30% FTSE Bursa Malaysia EMAS Shariah Index + 70% MSCI AC Asia ex Japan Islamic Index Daily (as per Bursa Malaysia trading day) IUTAs: 6.50% of the NAV per unit Principal Agency Distributor: 6.50% of the NAV per unit Management Fee 1.50% p.a. of the NAV Trustee Fee 0.06% p.a. of the NAV Unit NAV (MYR) 0% Ju n0 Fe 5 b0 O 6 ct -0 Ju 6 n0 Fe 7 b0 O 8 ct -0 Ju 8 n0 Fe 9 b1 O 0 ct -1 Ju 0 n1 Fe 1 b1 O 2 ct -1 Ju 2 n1 F 3 eb -1 O 4 ct -1 Ju 4 n1 Fe 5 b1 O 6 ct -1 Ju 6 n1 Fe 7 b1 O 8 ct -1 Ju 8 n1 Fe 9 b2 O 0 ct -2 Ju 0 n21 Currency: MYR MYR 0.6794 Cumulative Performance (%) YTD Fund 4.91 Benchmark 2.77 Since 1 Month 3 Months 6 Months 1-Year 3-Year 5-Year Inception -0.86 -0.29 4.91 31.42 37.25 60.97 327.26 -1.58 -0.22 2.77 24.64 25.44 56.40 219.25 Calendar Year Returns (%) 2020 2019 2018 2017 2016 2015 Fund 24.91 15.73 -15.58 20.73 -1.10 9.99 Benchmark 19.41 14.03 -16.12 24.23 3.08 5.07 2020 Oct 2017 Sep 2016 Sep 2015 Oct 2014 Nov 2012 Nov 3.20 2.00 1.00 5.40 5.35 4.60 2.88 2.37 1.17 6.34 6.04 5.92 Most Recent Fund Distributions Gross (Sen/Unit) Annualised Yield (%) 2021 Mar 4:5 Most Recent Unit Splits Ratio Note: October 2004 to June 2021. 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 Fund Risk Statistics Top 10 Holdings Taiwan Semiconducter Manuf Country Taiwan % of net assets 8.74 Samsung Electronics Co. Ltd South Korea 6.24 Information Ratio ASML Holding N.V. Netherlands 3.63 1.07 United States 3.08 HK, China 3.07 India 3.07 South Korea 2.95 SEA LTD Tencent Hldg Ltd Reliance Industries Ltd SK Hynix Inc Press Metal Aluminium Hldg Bhd Malaysia 2.33 Alibaba Group Holding Ltd Cayman Islands 2.27 Samsung Electronics-PFD South Korea 2.19 The holdings listed do not 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. Beta 0.95 Sharpe Ratio 0.73 3 years monthly data
2. Principal DALI Asia Pacific Equity Growth Fund As of 30 June 2021 Sector Allocation (%) Asset Allocation (%) 5.84 0.46 Utilities 0.88 1.49 Mutual Fund Mutual Fund 1.49 Energy 24.66 6.58 Industrials 9.22 Communication Services Shariah-compliant Equities (Foreign) 68.02 9.69 10.51 Materials Consumer Discretionary 10 20 30 40 50 60 70 1.10 1.19 2.27 3.08 Australia 3.57 Netherlands 3.63 11.91 0 5 10 9.65 Hong Kong SAR China 9.74 China 9.86 11.70 15 12.68 South Korea 34.43 Fund India Taiw an Information Technology 0 Thailand Indonesia 4.12 Health Care Shariah-compliant Equities (Local) 1.05 United States 2.65 Consumer Staples Ireland Cayman Islands 2.21 Financials 5.84 Cash 5.84 Cash Real Estate Cash Regional Allocation (%) 20 25 30 Fund 35 24.66 Malaysia 0 5 10 15 20 25 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 In June, the Fund fell 0.86% in MYR terms, outperforming the benchmark by 72 basis points (bps) contributed mainly from China and India. Year-to-date, the Fund rose +4.91%, outperforming the Benchmark by 214bps. Asian equities as measured by the MSCI AC Asia ex Japan Islamic Index fell 1.4% in US$ terms in June. Indonesia and Malaysia were detractors due to the Covid situation while Korea and India outperformed. Crude oil surged further to US$75/barrel while industrial metal prices corrected on China’s attempt to clamp down rising prices via releasing its reserves. The Dollar Index strengthened 2.7% on Fed officials’ earlier than expected interest rates increase from 2023 onwards vs 2024 previously. Despite the near-term Covid deterioration especially in ASEAN, the vaccination rollout should improve in Asia from the second half of the year. Economic activities should gradually return to normal as we head into 2022 and support our view that the market leadership should broaden out, both sector or country wise. As for Malaysia, we remain cautious on the market, given the prolonged movement controls and lack of clear re-rating catalyst. We are selective on stocks from a bottom-up basis that plays into the reopening theme and thus remain constructive on sectors such as Cyclicals namely Consumer Discretionary and select Transport. We turn positive on Technology, following the recent pullback, and maintain our underweight stance on Gloves and Plantations. ^Based on the fund's portfolio returns as at 15 June 2021, the Volatility Factor (VF) for this fund is 14.430 and is classified as "High" (source: FIMM). 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 FIMM 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 (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, currency risk, risk of investing in emerging markets, risks associated with investment in warrants and stock specific 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. 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