31 August 2015
CIMB-Principal Balanced Fund
A S S E T
MA N A GE ME N T
Available under the EPF Members Investment Scheme.
INVESTMENT VOLATILITY
FUND OBJECTIVE
The objective of the Fund is to grow the value of investments over the long -term through
investment in a diversified mix of Malaysian assets.
3-year
Fund Volatlity
6.63
Moderate
FUND PERFORMANCE in MYR
Lipper Analytcs
15 Aug 2015
500%
450%
FUND INFORMATION
400%
Location
Kuala Lumpur, Malaysia
350%
Domicile
Malaysia
300%
Ringgit Malaysia
250%
Dealing
Application Fee
Management Fee
Daily (as per Bursa Malaysia trading day)
Up to 5.00% of the NAV per unit
0.08% p.a. of the NAV
MYR 0.4182
Unit NAV (MYR)
Feb-2015
Feb-2014
Feb-2013
Feb-2012
Feb-2011
Cumulative Performance (%)
YTD 1 Month
Up to 1.85% p.a. of the NAV
Trustee Fee
Feb-2010
- 50%
- 100%
Feb-2009
Fixed Deposit Rate
Feb-2008
0%
70% FBM100 + 30% CIMB Bank 1-Month
Feb-2007
50%
Feb-2006
12 March 1998
Feb-2005
Fund Inception (MYR)
Feb-2004
100%
Feb-2003
12 March 1998
Feb-2002
150%
Fund Launch
Benchmark
Fund
Benchmark
200%
Feb-2001
226.32 million units
Fund Unit
Feb-2000
MYR 94.65 million
Fund Size (MYR)
Feb-1999
Fund Currency
Fund
Benchmark
-2.11
-5.77
3 Months
6 Months
-4.28
-6.00
-5.15
-8.11
-5.08
-4.97
1 Year 3 Years 5 Years
-8.89
-9.34
7.35
0.80
Since
Inception
32.39
15.74
399.81
184.09
Calendar Year Performance (%)
Fund
Benchmark
2014
2013
2012
2011
2010
2009
-4.71
-3.39
12.95
8.87
8.55
7.62
4.65
2.43
21.09
15.75
42.47
30.80
Most Recent Fund Distributions
Gross (Sen/Unit)
Yield (%)
2015
Jan
2014
Jan
2013
Jan
2011
Dec
2010
Dec
2009
Dec
3.00
5.89
3.00
6.24
2.69
5.90
2.62
5.67
2.50
5.62
2.50
6.40
Note: March 1998 to August 2015.
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
MYU1000AP005
COMBALI 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 August 2015, the Volatility Factor (VF) for this fund is 6.63 and is
classified as "Moderate" (source: Lipper). "Moderate" includes funds with VF that are above 6.310 but not more than
7.975. 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 Issue No. 19 dated 30 June 2015,
which has been duly registered with the Securities Commission Malaysia, before investing and that you keep the said
Master Prospectus for your records. Any issue of units to which the Master Prospectus relates will only be made upon
receipt of the completed application form referred to in and accompanying the Master Prospectus, subject to the terms
and conditions therein. Investments in the Fund are exposed to credit (default) and counterparty risk, interest rate risk
and stock specific risk. You can obtain a copy of the Master Prospectus 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/Unit Trust Loan Financing Risk Disclosure Statement before deciding to borrow 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.
Page 1 of 2
31 August 2015
CIMB-Principal Balanced Fund
A S S E T
MA N A GE ME N T
Available under the EPF Members Investment Scheme.
FUND MANAGER'S REPORT
PORTFOLIO ANALYSIS
The Fund lost 5.08% in August 2015, underperforming
the benchmark by 11 basis points ("bps"). On a
year-to-date ("YTD") basis, the fund is down 2.11%,
outperforming the benchmark by 366 bps. During the
month,
equities
outperformed
while
fixed
income
underperformed. In terms of stock holdings, the equities
performance was partly driven by its overweight position
in Westports Holdings and underweight position in Sime
Darby. For fixed income, the main contributors were
from the banking and ports related bonds in the Fund.
ASSET ALLOCATION
Equities (Local)
60.83%
Bond/Sukuk
35.20%
Cash
3.97%
100.00%
Total
We expect corporate earnings to be downgraded post
results season, as the recent second quarter of 2015
("2Q15")
earnings
continued
to
disappoint.
Market
continues to be very narrow and lacks positive catalysts.
Healthy earnings growth is essential for the market to
move up from here. Earnings per share ("EPS") growth
is 0% and 9.5% for 2015 and 2016 respectively, with
corresponding price-earnings ratio ("PER") of 16.1 times
and 14.7 times. Despite the sharp correction, the FTSE
Bursa
Malaysia
Kuala
Lumpur
Composite
Index
("FBMKLCI") continues to look fair for 2016.
SECTOR BREAKDOWN
We favour stocks which show strong growth despite
being in a low growth environment. We like Exporters,
Ports and Utilities. We remain underweighted in Oil &
Gas, Plantations,
Telcos
and
Financials.
For
fixed
income, we aim to be fully invested with concentration
on selective repriced corporate bonds from the primary
and secondary market with higher yields for better yield
enhancement.
Bond/Sukuk
35.20%
Trading / Services
20.93%
Finance
14.14%
Industrials
9.99%
IPC
4.95%
Construction
3.64%
Technology
3.20%
Consumer
2.19%
Properties
1.10%
Plantations
0.69%
Cash
3.97%
100.00%
Total
RISK STATISTICS
TOP HOLDINGS
Beta
1.11
1 Public Bank Bhd - Local
Malaysia
5.50%
Information Ratio
0.77
2 HSBC Bank Malaysia Bhd
Malaysia
5.31%
3 Nur Power Sdn Bhd
Malaysia
5.25%
4 Malayan Banking Bhd
Malaysia
4.80%
5 Tenaga Nasional Bhd
Malaysia
4.72%
6 Krung Thai Bank PCL
Malaysia
2.63%
7 Digi.com Bhd
Malaysia
2.55%
8 CIMB Group Hldgs Bhd
Malaysia
2.50%
9 Jimah Energy Ventures
Malaysia
2.49%
Sharpe Ratio
-0.10
3 years monthly data
10 Time Dotcom Bhd
Total
Malaysia
2.40%
38.15%
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