Principal Islamic Deposit Fund - Class AI Report - November 2021

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1. Principal Islamic Deposit Fund - Class AI 3-year Fund Volatility 0 .21 30 November 2021 Very Low Lipper Analytics 15 Nov 2021 Fund Objective Fund Performance Aims to provide investors with liquidity and regular income, whilst maintaining capital stability by investing primarily in deposits that comply with the Shariah principles. Currency: MYR 50% 45% 40% 35% 30% ISIN Code: MY1000DF000 25% 20% Bloomberg Ticker: CIMBIDF MK 15% 10% 5% Fund Information Domicile Malaysia Fund Currency Ringgit Malaysia Fund Size (MYR) MYR 3.86 billion Fund Unit 3.86 billion units Fund Launch Benchmark Dealing Fund Islamic Interbank Overnight Rate Daily (as per Bursa Malaysia trading day) 0.30% p.a. of the NAV Trustee Fee 0.02% p.a. of the NAV MYR 1.0000 Benchmark Past performance does not guarantee future results. Asset allocation and diversification do not ensure a profit or protect against a loss. Cumulative Performance (%) 9 September 2009 Management Fee Unit NAV (MYR) Fe b Malaysia -1 A 0 ug -1 Fe 0 b1 A 1 ug -1 Fe 1 b1 A 2 ug -1 Ja 2 n13 Ju l- 1 Ja 3 n14 Ju l- 1 Ja 4 n15 Ju l- 1 Ja 5 n1 Ju 6 n1 D 6 ec -1 Ju 6 n1 D 7 ec -1 Ju 7 n1 D 8 ec -1 Ju 8 n1 N 9 ov -1 M 9 ay -2 N 0 ov -2 M 0 ay -2 N 1 ov -2 1 0% Location YTD Fund 1.53 Benchmark 1.59 Since 1 Month 3 Months 6 Months 1-Year 3-Year 5-Year Inception 0.14 0.42 0.84 1.67 7.49 14.64 37.69 0.14 0.43 0.87 1.74 7.23 14.03 40.43 Calendar Year Returns (%) 2020 2019 2018 2017 2016 2015 Fund 2.24 3.26 3.36 3.21 3.04 3.13 Benchmark 2.18 3.11 3.24 3.04 3.14 3.19 2021 Nov 2021 Oct 2021 Sep 2021 Aug 2021 Jul 2021 Jun 0.14 0.14 0.14 0.14 0.14 0.13 1.68 1.68 1.68 1.68 1.68 1.56 Most Recent Fund Distributions Gross (Sen/Unit) Annualised Yield (%) Note: September 2009 to November 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 Top 10 Holdings Public Islamic Bank Bhd Country Malaysia % of net assets 20.20 RHB Islamic Bank Bhd Malaysia 20.12 AmBank Islamic Malaysia 19.94 CIMB Islamic Bank Malaysia 19.76 Maybank Islamic Bhd Malaysia 9.29 Hong Leong Islamic Bank Bhd Malaysia 6.21 Affin Islamic Bank Bhd Malaysia 3.88 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.
2. Principal Islamic Deposit Fund - Class AI As of 30 November 2021 Sector Allocation (%) Asset Allocation (%) Cash 0.60 Cash 0.60 99.40 Money Market 0 10 Regional Allocation (%) 20 30 40 50 60 70 80 90 100 Cash 0.60 99.40 Money Market 0 Fund 10 20 30 40 50 60 70 80 90 100 99.40 Malaysia 0 Fund 10 20 30 40 50 60 70 80 90 100 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 delivered 0.14% in the month of November 2021, similar to the benchmark, and delivered 1.67% in the 12-months period ending November 2021, underperforming the benchmark by 7bps. The end of November 2021 saw investors seeking flight to safe havens with fear and uncertainty being the key factors following the news of the heavily mutated Omicron variant. As at 5 Dec 2021, Malaysia’s first dose/fully vaccinated ratio currently stands at 79.2%/77.9% of the total population. (98.5%/97.1% of the adult population and 90%/86.5% for adolescents). As for booster shots, it has reached around 8.35% of the total population. On that note, R0 however is on the rise which needs to be monitored. Malaysia’s CPI increased by 2.9% in October 2021 from a year earlier on factors including rising fuel prices and discontinuation of electricity bill discounts by the government. MoM, CPI increased by 0.7% whilst YTD, the CPI increased by 2.3% between January to October 2021. The Malaysian economy contracted by -4.5% YoY in 3Q2021 (2Q2021:+16.1% YoY) which was largely due to the strict containment measures particularly in July under the National Recovery Plan. The construction sector contracted the most during the period with domestic demand declining by 4.1% YoY (2Q2021: +12.4%) weighed down mainly by the contraction in private consumption and investment activities, while continued increase in public sector consumption spending provided support to growth. We limit our investment exposure to short-term Islamic deposit placements due to the very low risk nature of the Fund. ^Based on the fund's portfolio returns as at 15 November 2021, the Volatility Factor (VF) for this fund is 0.210 and is classified as "Very Low" (source: 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 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 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 VC. FIMM). The VF means on quintile ranks of VF date and there is no display the VF and its 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 credit and default 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