CIMB-Principal PRS Plus Growth IR PDF

CIMB-PRINCIPAL PRS PLUS GROWTH
UNAUDITED FINANCIAL STATEMENTS
FOR THE SIX MONTHS FINANCIAL PERIOD ENDED 31 JULY 2018

CONTENTS PAGE(S)
MEMBERS’ LETTER 1
PRS PROVIDER’S REPORT 2 - 12
Fund Objective and Policy
Performance Data
Market Review
Fund Performance
Portfolio Structure
Market Outlook
Investment Strategy
Members Statistics
Soft Commissions and Rebates
STATEMENT BY THE PRS PROVIDER 13
TRUSTEE’S REPORT 14
UNAUDITED STATEMENT OF COMPREHENSIVE INCOME 15
UNAUDITED STATEMENT OF FINANCIAL POSITION 16
UNAUDITED STATEMENT OF CHANGES IN NET ASSETS ATTRIBUTABLE TO

MEMBERS 17
UNAUDITED STATEMENT OF CASH FLOWS 18
NOTES TO THE FINANCIAL STATEMENTS 19 - 48
DIRECTORY 49
0
MEMBERS’ LETTER
Dear Valued Members,
Thank you for your continued support and for the confidence that you have placed in us. We are
pleased to share that CIMB-Principal Asset Management Berhad (“CIMB-Principal”) Malaysia has
achieved RM54.85 billion in Asset under Management (“AUM”) as at June 2018.
The Edge| Thomson Reuters Lipper Malaysia Fund Awards 2018

 Best Fund Over 5 Years, Equity Global - Malaysia : CIMB-Principal Global Titans Fund
 Best Fund Over 5 Years, Equity Asia Pacific ex Japan - Malaysia :
CIMB-Principal Asian Equity Fund
 Best Fund Over 5 Years, Equity Asia Pacific ex Japan - Malaysia :
CIMB Islamic Asia Pacific Equity Fund
 Best Fund Over 5 Years, Equity Malaysia Diversified - Malaysia :
CIMB-Principal Equity Growth & Income Fund
 Best Fund Over 5 Years, Mixed Asset MYR Bal - Malaysia :
CIMB-Principal Income Plus Balanced Fund
 Best Fund Over 3 Years, Equity Global - Malaysia : CIMB-Principal Global Titans Fund
In addition, we received recognition from Fundsupermart.com for ‘Fund House of the Year’ award and
Recommended Unit Trust 2018/2019 awards for the following funds:
 CIMB-Principal Global Titans Fund
 CIMB-Principal Asia Pacific Dynamic Income Fund
 CIMB Islamic Asia Pacific Equity Fund
 CIMB-Principal Greater China Equity Fund
 CIMB-Principal PRS Plus Conservative
 CIMB-Principal PRS Plus Growth
Our latest accomplishment is The Asset Triple A Private Banking, Wealth Management, Investment
and Exchange-Traded Fund (“ETF”) Awards 2018 where we have been recognized for the Best
Wealth Manager in Malaysia.
These prestigious awards are a celebration of the trust that you have placed in us and testament to
our capability in bringing potential value to your financial goals and needs. We look forward to serving
you for many years to come and to the best of our ability.
Thank you.
Yours faithfully,
for CIMB-Principal Asset Management Berhad
Munirah Khairuddin
Chief Executive Officer/Executive Director
1
PRS PROVIDER’S REPORT
FUND OBJECTIVE AND POLICY
What is the investment objective of the Fund?

The Fund seeks to provide capital growth over the long-term by investing in a portfolio of primarily
equities with some exposure in fixed income instruments.
Has the Fund achieved its objective?

For the financial period under review, the Fund underperformed its benchmark as described under
the Fund Performance section. Nevertheless, the Fund's objective of providing capital growth over
the long-term is still in place.
What are the Fund investment policy and principal investment strategy?
The Fund will invest in a portfolio of mixed assets, primarily in equities with some exposure in Fixed
Income Instruments, to provide capital growth to the Fund.
The investments by the Fund in equities which include foreign exposure shall not exceed 70% of the
Fund’s Net Asset Value (“NAV”) and investments in both local and foreign Fixed Income Instruments
shall not be less than 30% of its NAV with a minimum credit rating of “BBB3” or “P2” by RAM Ratings
(“RAM”) or equivalent rating by Malaysia Rating Corporation Berhad (“MARC”) or “BBB” by Standard
& Poor’s (“S&P”) or equivalent rating by Moody’s or Fitch.
The fixed income portion will provide capital stability to the Fund whilst the equity portion will provide
the added return in a rising market. The Fund may opt to invest in Fixed Income Instruments and
equities either directly or via collective investment schemes.
Fund category/type
Core (Growth)
When was the Fund launched?

12 November 2012
What was the size of the Fund as at 31 July 2018?

RM43.24 million (63.58 million units)
What is the Fund’s benchmark?

70% Financial Times Stock Exchange (“FTSE”) Bursa Malaysia (“FBM”) Top 100 (“FBM100”) Index +
30% Quant shop Malaysian Government Securities (“MGS”) Short Index
Note: The risk profile of the Fund is not the same as the risk profile of the benchmark.
What is the Fund distribution policy?

The Fund is not expected to pay any distribution.
2
PERFORMANCE DATA
Details of portfolio composition of the Fund for the last three unaudited financial periods are as
follows:
31.07.2018 30.07.2017 31.07.2016

% % %
Collective investment schemes - 99.54 98.31
Quoted securities
- Basic Materials 6.17 - -
- Consumer Products 16.94 - -
- Energy 1.15 - -
- Finance 20.99 - -
- Healthcare 0.87 - -
- Industrials 9.40 - -
-Trading/Services 3.72
- Technology 5.52 - -
- Telecommunications 0.87 - -
Unquoted securities 32.15 - -
Cash and other net assets 2.22 0.46 1.69
100.00 100.00 100.00
Performance details of the Fund for the last three unaudited financial periods are as follows:
31.07.2018 31.07.2017 31.07.2016

NAV (RM Million)
- Class A 17.72 13.50 9.07
- Class C 2.24 1.25 0.84
- Class X 23.28 16.76 10.31
Units in circulation (Million)
- Class A 26.05 20.24 15.68
- Class C 3.29 1.87 1.44
- Class X 34.24 25.12 17.82
NAV per unit (RM)
- Class A 0.6799 0.6670 0.5785
- Class C 0.6801 0.6671 0.5786
- Class X 0.6801 0.6671 0.5786
01.02.2018 01.02.2017 01.02.2016

to 31.07.2018 to 31.07.2017 to 31.07.2016
Highest NAV per unit (RM)
- Class A 0.7279 0.6670 0.5818
- Class C 0.7280 0.6671 0.5819
- Class X 0.7280 0.6671 0.5819
Lowest NAV per unit (RM)
- Class A 0.6697 0.6059 0.5189
- Class C 0.6698 0.6061 0.5191
- Class X 0.6699 0.6061 0.5191
Total return (%)
- Class A (6.13) 10.38 9.98
- Class C (6.13) 10.37 9.98
- Class X (6.11) 10.39 9.98
3
PERFORMANCE DATA (CONTINUED)
01.02.2018 01.02.2017 01.02.2016

to 31.07.2018 to 31.07.2017 to 31.07.2016
Capital growth (%)
- Class A (6.13) 10.38 9.98
- Class C (6.13) 10.37 9.98
- Class X (6.11) 10.39 9.98
Income distribution (%)
- Class A - - -
- Class C - - -
- Class X - - -
Management Expense Ratio (“MER”) (%) ^ 0.08 0.10 0.09

Portfolio Turnover Ratio (“PTR”) (times) # 0.15 0.37 0.51
^ The Fund's MER decreased from 0.10% to 0.08% mainly due to increase in average NAV during
the financial period under review.
# The Fund’s PTR decreased from 0.37 times to 0.15 times as there were less trading activities
during the financial period under review.
31.07.2018 31.07.2017 31.07.2016 31.07.2015 31.07.2014

% % % % %
Annual total return
- Class A 1.95 15.06 3.43 0.68 9.09
- Class C 1.95 15.06 3.42 0.68 9.09
- Class X 1.95 15.07 3.42 0.66 9.11
(Launch date: 12 November 2012)
Past performance is not necessarily indicative of future performance and that unit prices and investment returns may go
down, as well as up. All performance figures for the financial period have been extracted from Lipper.
MARKET REVIEW (1 FEBRUARY 2018 TO 31 JULY 2018)
Fixed Income
During the financial period under review, Bank Negara Malaysia’s (“BNM”) Monetary Policy
Committee (“MPC”) met three times from the month of February 2018 up to the end of July 2018.
There were no changes to the Overnight Policy Rate (“OPR”) throughout the six months following the
last rate hike in January 2018. At the last MPC meeting on 11 July 2018, the MPC stated that the
positive growth performance of the Malaysian economy is expected to be sustained, driven by both
domestic and external demand. However, the MPC’s statement was a bit dovish as it mentioned that
the balance of risks to the global growth outlook in Asia has slightly tilted to the downside due to the
global trade tensions. They remain positive on the local economic outlook and stated that the
domestic financial markets have remained resilient despite non-resident portfolio outflows.
In terms of inflation, headline inflation averaged at 3.7% in 2017. In June 2018, the Consumer Price
Index (“CPI”) rose by 0.8% in comparison to June 2017. This was the first time within 40 months that
the CPI recorded a value of below 1.0%. We believe this was due to the Government’s
announcement on the abolishment of the Goods and Services Tax (“GST”) to zero starting on 1 June
2018. Overall, CPI increased by 2.7% in January 2018 and eased lower to c.1.4% between the
months of February 2018 to April 2018. It spiked up slightly in May 2018 to 1.8% before settling much
lower as mentioned above in June 2018. It is expected to average lower in 2018, on expectations of a
smaller effect from global cost factors.
4
MARKET REVIEW (1 FEBRUARY 2018 TO 31 JULY 2018) (CONTINUED)
Fixed Income (continued)
The Malaysian economy grew 5.4% year-on-year (“y-o-y”) in the first quarter ended 31 March 2018
and 4.5% y-o-y in the second quarter ended 30 June 2018. Supply disruptions resulted in slower
economic growth in the second quarter. The growth in the second quarter continued to be supported
by private sector activity but commodity-specific shocks affected growth slightly. On a quarter-on-
quarter (“q-o-q”) basis, the economy grew by 0.3%. Following the release of the second quarter
Gross Domestic Product (“GDP”) numbers, the Central Bank brought down its full year growth
forecast to 5.0% from the earlier 5.5% - 6.0% range.
The Malaysian 14th General Elections were held on 9 May 2018. The elections saw the Barisan
Nasional party being ousted from power for the first time since the country gained independence. It is
expected that BNM may revise its forecast for the country’s GDP growth once details of the new set
of economic initiatives are released by the Council of Eminent Persons. It is expected that the
changes to the GST would also likely affect inflation.
On the external front, the US Federal Reserve (the “Fed”) raised interest rates twice during the
financial period under review. They raised interest rates by 25 basis points (“bps”) at the Federal
Open Market Committee (“FOMC”) meetings held in March 2018 and June 2018. In the last FOMC
statement released, they changed multiple phrases from its previous missives, pointing to a more
optimistic view on economic growth and higher inflation expectations. They also indicated a very high
likelihood of two more rate increases in 2018.
Foreign Equity
The Morgan Stanley Capital International All Country (“MSCI AC”) Asia Pacific Ex Japan Index fell by
7.4% in Malaysian Ringgit (“MYR”) terms over the six months financial period under review. In US
Dollar (“USD”) terms, the Index fell by 10.7%.
After peaking in January 2018, the markets corrected on US-China trade war fears, concerns over
slowdown in global growth, with global Purchasing Managers’ Index (“PMI”) declining. The sectors
that outperformed in the first quarter of 2018 were China Real Estate, Singapore Financials and
China Utilities. Meanwhile, the markets that outperformed were Taiwan, Thailand and Malaysia. The
US-China trade tensions escalated in the second quarter of 2018 when President Trump released a
final list of tariffs on USD50 billion worth of Chinese imports and threatened a potential 10% tariff on
an additional USD200 billion worth of Chinese imports, while China retaliated by introducing 25%
tariffs on USD34 billion of US imports. Concerns over the magnitude of the slowdown in economic
growth in China in the second half of 2018 loomed in the minds of investors as the total social
financing growth slowed significantly in the second quarter of 2018. The Chinese Government
continued its deleveraging stance which is putting a strain on economic growth. Sentiment turned
negative and there was a massive sell-off in China equities which slumped more than 17% as
measured by the China Securities Index (“CSI”) 300 Index in local currency terms for the six months
ending July 2018. The Chinese Yuan Renminbi (“RMB”) also saw a sharp depreciation from mid June
2018 to end at RMB6.82 against USD in July 2018. The earnings downgrade especially in technology
sector also added to market jittery. Consequently, commodities in general also declined, with copper
falling by almost 16% from the recent peak. On the other hand, oil prices were stronger and ended
closer to USD70 per barrel for the financial period under review as the supply discipline by
Organisation of the Petroleum Exporting Countries (“OPEC”) continued and there was an expectation
of increased tightness due to possible sanctions on Venezuela and Iran. In the second quarter of
2018, the sectors that outperformed were Australian Energy and Healthcare as well as China Energy.
In July 2018, China continued to underperform and RMB depreciated further. Association of
Southeast Asian Nations (“ASEAN”) performed well in July 2018, with fund inflows to Thailand,
Philippines and Indonesia.
5
FUND PERFORMANCE
6 months 1 year
to 31.07.2018 to 31.07.2018
Class A Class C Class X Class A Class C Class X
% % % % % %
Income - - - - - -
Capital (6.13) (6.13) (6.11) 1.95 1.95 1.95
Total Return (6.13) (6.13) (6.11) 1.95 1.95 1.95
Benchmark (2.98) (2.98) (2.98) 2.39 2.39 2.39
Average Total Return N/A N/A N/A 1.95 1.95 1.95
3 years 5 years
to 31.07.2018 to 31.07.2018
Class A Class C Class X Class A Class C Class X
% % % % % %
Income - - - - - -
Capital 21.32 21.32 21.33 33.25 33.25 33.27
Total Return 21.32 21.32 21.33 33.25 33.25 33.27
Benchmark 8.72 8.72 8.72 7.93 7.93 7.93
Average Total Return 6.65 6.65 6.66 5.91 5.91 5.91
Since inception
to 31.07.2018
Class A Class C Class X
% % %
Income - - -
Capital 36.00 36.02 36.04
Total Return 36.00 36.02 36.04
Benchmark 15.85 15.85 15.85
Average Total Return 5.52 5.52 5.53
In the past six months, the Fund has been pressured by the weak stock market conditions. As a
result, the Fund has declined by over 6% in the financial period under review.
6
FUND PERFORMANCE (CONTINUED)
6 months to 31.07.2018
0.00%
-1.00%
-2.00%
-3.00%
Class A, C and X*
-4.00%
Benchmark
-5.00%
-6.00%
-7.00%
-8.00%
1 year to 31.07.2018
12.00%
10.00%
8.00%
6.00% Class A, C and X*

Benchmark
4.00%
2.00%
0.00%
7
3 years to 31.07.2018
35.00%
30.00%
25.00%
20.00%
Class A, C and X*
15.00%
Benchmark
10.00%
5.00%
0.00%
-5.00%
-10.00%
5 years to 31.07.2018
50.00%
40.00%
30.00%
Class A, C and X*
20.00%
Benchmark
10.00%
0.00%
-10.00%
8
Since inception to 31.07.2018
48.00%
43.00%
38.00%
33.00%
28.00% Class A, C and X*

23.00% Benchmark
18.00%
13.00%
8.00%
3.00%
-2.00%
* Performance of Class A, Class C and Class X are almost the same. Slight variation was due to different timing of units
created for each of the class.
Changes in NAV
CLASS A 31.07.2018 31.07.2017 Changes

%
NAV (RM Million) 17.72 13.50 31.26
NAV/Unit (RM) 0.6799 0.6670 1.93
CLASS C 31.07.2018 31.07.2017 Changes

%
NAV (RM Million) 2.24 1.25 79.20
NAV/Unit (RM) 0.6801 0.6671 1.95
CLASS X 31.07.2018 31.07.2017 Changes

%
NAV (RM Million) 23.28 16.76 38.90
NAV/Unit (RM) 0.6801 0.6671 1.95
The Fund recorded positive net inflow from unit creations over the financial period under review for all
the three classes - Class A, Class C and Class X.
Class X remained the most preferred choice as seen in its total NAV which grew by 38.90% to
RM23.28 million whilst increased in NAV per unit by 1.95%. Meanwhile, the total NAV of Class A and
Class C rose by 31.26% and 79.20% whilst increased in NAV per unit by 1.93% and 1.95%.
respectively.
For the 1-year period, the Fund ranked ranked 6th in Quartile 2 under the Mixed Asset MYR
Aggressive category in the Lipper rankings.
9
Changes in NAV (continued)
Performance data represents the combined income and capital return as a result of holding units in the Fund for the
specified length of time, based on NAV to NAV price. The performance data assumes that all earnings from the Fund are
reinvested and are net of management and trustee fees. Past performance is not reflective of future performance and
income distributions are not guaranteed. Unit prices and income distributions, if any, may fall and rise. All performance
figures for the financial period have been extracted from Lipper.
PORTFOLIO STRUCTURE
Asset allocation
(% of NAV) 31.07.2018 31.07.2017

Collective investment schemes - 99.54
Quoted securities 65.63 -
Unquoted fixed income securities 32.15 -
Cash and other net assets 2.22 0.46
TOTAL 100.00 100.00
The Fund was fully invested during the six months financial period under review. The Fund’s uoted
securities allocation stood at 65.63%, whilst unquoted fixed income securities allocation was at
32.15% as at the end of July 2018. A minimal level of liquid assets was maintained primarily for
redemption purposes.
MARKET OUTLOOK*
Fixed Income
In the 14th Malaysia General Elections, the Pakatan Harapan coalition defeated the ruling Barisan Nasional
coalition by a simple majority. Post-elections, the MPC kept the OPR at 3.25% as widely-expected. In March
2018, BNM raised its forecast for Malaysia’s economic growth to 5.5% - 6.0% from 5.0% - 5.5% previously.
However, they have revised their forecast to 5.0% following the release of the second quarter GDP growth
figure.
Overall, we expect the Central Bank to maintain OPR at 3.25% for the remainder of 2018. We also expect
headline inflation to moderate this year in line with the Central Bank’s view. We foresee an increase in near
term volatility following the change in Government as well as pockets of policy uncertainty. That being said, we
believe there may be long term gains following this short term volatility.
Foreign Equity
In the near term, the stock market outlook in Asia is clouded by the escalating trade war the
deleveraging exercise undertaken by China which is causing the economy to slow and the tightening
monetary policy in the US which is causing Asian/EM currencies to fall. This is likely to dampen
investor enthusiasm for Asian equities. However, we remain positive on the outlook for the Asian
stock markets in the longer run. We expect the trade tensions to be resolved eventually while we also
expect the growth in China to be stable and on a better footing as the deleveraging exercise continue.
The Asian stock markets remain attractive due to the numerous growth opportunities available to the
investors. Asia remains a fast growing region supported by a young, growing population with
increasing urbanisation and innovations.
* This market outlook does not constitute an offer, invitation, commitment, advice or recommendation to make a purchase of
any investment. The information given in this article represents the views of CIMB-Principal or based on data obtained from
sources believed to be reliable by CIMB-Principal. Whilst every care has been taken in preparing this, CIMB-Principal
makes no guarantee, representation or warranty and is under no circumstances liable for any loss or damage caused by
reliance on, any opinion, advice or statement made in this market outlook.
10
INVESTMENT STRATEGY
Fixed Income
In line with the cautious investor sentiment, we have a preference for high quality corporate bonds
with strong fundamentals versus government bonds for better yield pick-up and better total return.
Foreign Equity
As we expect growth in Asia to be positive in the medium to long-term, the Fund shall remain well
invested. The Fund shall focus on growth companies involved in the Information technology,
consumer discretionary, financial and the materials sectors. However, the Portfolio may hold more
defensive stocks in the short term than usual due to the volatility and near term headwinds as
described.
MEMBERS STATISTICS AS AT 31 JULY 2018
CLASS A
Size of unit holdings (units) No. of members No. of units held % of units held
(million)
5,000 and below 3,891 6.61 25.37
5,001-10,000 927 6.12 23.48
10,001-50,000 644 11.04 42.38
50,001-500,000 19 2.28 8.77
500,001 and above - - -
Total 5,481 26.05 100.00
CLASS C
(million)
5,000 and below 353 0.64 19.46
5,001-10,000 116 0.76 23.16
10,001-50,000 58 1.03 31.38
50,001-500,000 4 0.86 26.00
500,001 and above - - -
Total 531 3.29 100.00
CLASS X
(million)
5,000 and below 3,365 4.23 12.37
5,001-10,000 784 5.71 16.66
10,001-50,000 963 19.37 56.59
50,001-500,000 70 4.93 14.38
500,001 and above - - -
Total 5,182 34.24 100.00
11
SOFT COMMISSIONS AND REBATES
CIMB-Principal Asset Management Berhad (the “PRS Provider”) and the Trustee (including their
officers) will not retain any form of rebate or soft commission from, or otherwise share in any
commission with, any broker in consideration for directing dealings in the investments of the Funds
unless the soft commission received is retained in the form of goods and services such as financial
wire services and stock quotations system incidental to investment management of the Funds. All
dealings with brokers are executed on best available terms.
During the financial period under review, the PRS Provider and the Trustee did not receive any
rebates from the brokers or dealers but have retained soft commissions in the form of goods and
services such as financial wire services and stock quotations system incidental to investment
management of the Funds.
12
STATEMENT BY THE PRS PROVIDER TO THE MEMBERS OF

We, being the Directors of CIMB-Principal Asset Management Berhad (the “PRS Provider”), do
hereby state that, in the opinion of the PRS Provider, the accompanying unaudited financial
statements set out on pages 15 to 48 are drawn up in accordance with the provisions of the Deeds
and give a true and fair view of the financial position of the Fund as at 31 July 2018 and of its
financial performance, changes in net assets attributable to members and cash flows for the financial
period then ended in accordance with the provisions of the Malaysian Financial Reporting Standards
(“MFRS”) 134 - Interim Financial Reporting and International Accounting Standards (“IAS”) 34 - Interim
Financial Reporting.
For and on behalf of the PRS Provider

CIMB-Principal Asset Management Berhad
(Company No.: 304078-K)
ALEJANDRO ECHEGORRI PEDRO ESTEBAN BORDA

Executive Director Director
Kuala Lumpur
24 September 2018
13
TRUSTEE’S REPORT TO THE MEMBERS OF

We have acted as Trustee for CIMB-Principal PRS Plus Growth (the “Fund”) for the financial period
ended 31 July 2018. To the best of our knowledge, for the financial period under review, CIMB-
Principal Asset Management Berhad (the “PRS Provider”) has operated and managed the Fund in
accordance with the following:-
(a) limitations imposed on the investment powers of the PRS Provider under the Deed(s), the
Securities Commission’s Guidelines on Private Retirement Schemes, the Capital Markets and
Services Act 2007 and other applicable laws;
(b) valuation and pricing for the Fund has been carried out in accordance with the Deed(s) of the
Fund and applicable regulatory requirements; and
(c) creation and cancellation of units for the Fund have been carried out in accordance with the
Deed(s) of the Fund and applicable regulatory requirement.
For Deutsche Trustees Malaysia Berhad
SOON LAI CHING RICHARD LIM HOCK SENG

Senior Manager, Trustee Operations Chief Executive Officer
Kuala Lumpur
24 September 2018
14
UNAUDITED STATEMENT OF COMPREHENSIVE INCOME

01.02.2018 01.02.2017
to 31.07.2018 to 31.07.2017
Note RM RM
INVESTMENT (LOSS) INCOME

Dividend income 517,555 457,231
Interest income 6 306,123 -
Net (loss)/gain on financial assets at fair value
through profit or loss 8 (3,504,532) 2,352,907
Net foreign exchange loss (13,753) -
(2,694,607) 2,810,138
EXPENSES
Private Pension Administrator's fee 4 8,293 5,675
Trustee’s fee 5 14,875 5,675
Audit fee 5,800 5,710
Tax agent’s fee 3,300 2,000
Transaction costs 28,148 -
Other expenses 2,398 8,827
62,815 27,887
(LOSS) / PROFIT BEFORE TAXATION (2,757,421) 2,782,251
Taxation 7 (21,042) -
(DECREASE) / INCREASE IN NET ASSETS

ATTRIBUTABLE TO
MEMBERS (2,778,463) 2,782,251
(Decrease) / Increase in net assets attributable to

members is made up as follows:
Realised amount 405,086 1,400,532
Unrealised amount (3,183,549) 1,381,719
(2,778,463) 2,782,251
The accompanying notes to the financial statements form an integral part of the unaudited financial
statements.
15
UNAUDITED STATEMENT OF FINANCIAL POSITION

AS AT 31 JULY 2018
31.07.2018 31.01.2018
Audited
Note RM RM
ASSETS
Cash and cash equivalents 9 298,585 348,967
Financial assets at fair value through profit or loss 8 42,276,696 40,565,404
Amount due from the PRS Provider 10 564,904 460,308
Dividend receivable 122,473 -
TOTAL ASSETS 43,262,658 41,374,679
LIABILITIES
Amount due to the PRS Provider 10 6,336 32,561
Other payables and accruals 18,767 18,758
TOTAL LIABILITIES (EXCLUDING NET ASSETS
ATTRIBUTABLE TO MEMBERS) 25,103 51,319
NET ASSET VALUE OF THE FUND 43,237,555 41,323,360
NET ASSETS ATTRIBUTABLE TO MEMBERS 43,237,555 41,323,360
REPRESENTED BY:
FAIR VALUE OF OUTSTANDING UNITS

- Class A 17,715,638 17,664,019
- Class C 2,239,198 2,149,161
- Class X 23,282,719 21,510,180
43,237,555 41,323,360
NUMBER OF UNITS IN CIRCULATION (UNITS)

- Class A 26,052,937 24,299,517
- Class C 3,292,470 2,956,036
- Class X 34,232,307 29,584,254
11 63,577,714 56,839,807
NET ASSET VALUE PER UNIT (RM)

- Class A 0.6799 0.7269
- Class C 0.6800 0.7270
- Class X 0.6801 0.7270
statements.
16
UNAUDITED STATEMENT OF CHANGES IN NET ASSETS ATTRIBUTABLE TO MEMBERS

01.02.2018 01.02.2017
to 31.07.2018 to 31.07.2017
31.07.2018
RM RM
NET ASSETS ATTRIBUTABLE TO MEMBERS AT

THE BEGINNING OF THE FINANCIAL PERIOD 41,323,360 25,497,507
Movement due to units created and cancelled

during the financial period:
- Creation of units from applications 5,972,759 4,303,554
- Cancellation of units (1,280,100) (1,073,240)
46,016,019 28,727,821
(Decrease) / Increase in net assets attributable to

members during the financial period (2,778,464) 2,782,251
NET ASSETS ATTRIBUTABLE TO MEMBERS
AT THE END OF THE FINANCIAL PERIOD 43,237,555 2,782,251
statements.
17
UNAUDITED STATEMENT OF CASH FLOWS

01.02.2018 01.02.2017
to 31.07.2018 to 31.07.2017
Note RM RM
CASH FLOWS FROM OPERATING ACTIVITIES

Proceeds from disposal of quoted securities 3,775,561 -
Proceeds from disposal of collective investment
schemes - 9,351,875
Purchase of quoted securities (7,480,296)
Purchase of collective investment schemes - (12,793,000)
Purchase of unquoted fixed income securities (1,684,918) -
Dividend income received 375,790 -
Interest income received from deposits with licensed
financial institutions 6,280 -
Interest income received from unquoted fixed
income securities 353,867 -
Private Pension Administrator’s fees paid (8,261) (5,472)
Trustee's and custodian paid (8,261) (5,472)
Payments for other fees and expenses (18,138) (9,994)
Net realised foreign exchange loss 66,106 -
Net cash used in operating activities (4,622,270) (3,462,063)
CASH FLOWS FROM FINANCING ACTIVITIES

Cash proceeds from units created 5,868,163 4,519,973
Payments for cancellation of units (1,306,325) (1,112,271)
Net cash generated from financing activities 4,561,838 3,407,702
Net decrease in cash and cash equivalents (60,432) (54,361)

Effects of foreign exchange differences 10,050 -
Cash and cash equivalents at the beginning of the
financial period 348,967 107,786
Cash and cash equivalents at the end of the
financial period 9 298,585 53,425
Cash and cash equivalents comprised of:

Deposits with licensed financial institutions 147,013 -
Bank balances 151,572 53,425
Cash and cash equivalents at the end of the
financial period 9 298,585 53,425
statements.
18
NOTES TO THE FINANCIAL STATEMENTS

1. THE FUND, THE PRS PROVIDER AND ITS PRINCIPAL ACTIVITY
CIMB-Principal PRS Plus Growth (the “Fund”) is governed by a Deed dated 8 November
2012, a First Supplemental Deed dated 2 January 2014 and a Second Supplemental Deed
dated 25 November 2014 (collectively referred to as the “Deeds”) made between CIMB-
Principal Asset Management Berhad (the “PRS Provider”) and Deutsche Trustee Malaysia
Berhad (the “Trustee”).
The Fund offers three classes of units known respectively as Class A, Class C and Class X. In
accordance with the Disclosure Document, Class A and Class C are for members who have
attained the age 18 years as of the date of opening a private pension account. Class A and C
have different management fee. Class X is for members who participate via respective
employers and is subject to a minimum of 200 participating employees per employer or 50
participating employees under payroll deduction per employer.
The Fund will invest in a portfolio of mixed assets, primarily in equities with some exposure in
Fixed Income Instruments, to provide capital growth to the Fund.
The investments by the Fund in equities which include foreign exposure shall not exceed 70%
of the Fund’s NAV and investments in both local and foreign Fixed Income Instruments shall
not be less than 30% of its NAV with a minimum credit rating of “BBB3” or “P2” by RAM or
equivalent rating by MARC or “BBB” by S&P or equivalent rating by Moody’s or Fitch.
The fixed income portion will provide capital stability to the Fund whilst the equity portion will
provide the added return in a rising market. The Fund may opt to invest in Fixed Income
Instruments and equities either directly or via collective investment schemes.
All investments are subjected to the Securities Commission Malaysia’s (“SC”) Guidelines on
PRS, SC requirements, the Deeds, except where exemptions or variations have been
approved by the SC, internal policies and procedures and the Fund’s objective.
The Manager, a company incorporated in Malaysia, is jointly owned by CIMB Group Sdn Bhd
and Principal International (Asia) Limited. The principal activities of the Manager are the
establishment and management of unit trust funds and fund management activities.
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The following accounting policies have been used consistently in dealing with items which are
considered material in relation to the financial statements:
(a) Basis of preparation
The financial statements have been prepared in accordance with the provisions of the
MFRS and International Financial Reporting Standards (“IFRS”).
The financial statements have been prepared under the historical cost convention, as
modified by financial assets at fair value through profit or loss.
19
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
(a) Basis of preparation (continued)
The preparation of financial statements in conformity with MFRS and IFRS requires the
use of certain critical accounting estimates and assumptions that affect the reported
amounts of assets and liabilities and disclosure of contingent assets and liabilities at
the date of the financial statements, and the reported amounts of revenues and
expenses during the reported period.
It also requires the PRS Provider to exercise their judgment in the process of applying
the Fund’s accounting policies. Although these estimates and assumptions are based
on the PRS Provider’s best knowledge of current events and actions, actual results
may differ.
The areas involving a higher degree of judgment or complexity, or areas where

assumptions and estimates are significant to the financial statements are disclosed in
Note 2(k).
Standards, amendments to published standards and interpretations to existing

standards that are effective:
The Fund has applied the following amendments for the first time for the financial
period beginning 1 February 2018:
 MFRS 9 “Financial Instruments” (effective from 1 January 2018) will replace

MFRS 139 “Financial Instruments: Recognition and Measurement
The adoption of these amendments did not have any impact on the current financial
period or any prior financial period and is not likely to affect future financial periods.
(b) Financial assets and financial liabilities
Classification
The Fund designates its investments in collective investment schemes, quoted

securities and unquoted fixed income securities as financial assets at fair value
through profit or loss at inception.
Financial assets are designated at fair value through profit or loss when they are
managed and their performance are evaluated on a fair value basis.
Loans and receivables are non-derivative financial assets with fixed or determinable
payments that are not quoted in an active market and have been included in current
assets. The Fund’s loans and receivables comprise cash and cash equivalents, and
amount due from the PRS Provider and dividend receivable.
Financial liabilities are classified according to the substance of the contractual

arrangements entered into and the definitions of a financial liability.
The Fund classifies amount due to the PRS Provider and other payables and accruals
as other financial liabilities.
20
(b) Financial assets and financial liabilities (continued)
Recognition and measurement
Regular purchases and sales of financial assets are recognised on the trade-date, the
date on which the Fund commits to purchase or sell the asset. Investments are initially
recognised at fair value. Transaction costs are expensed in the statement of
comprehensive income.
Financial liabilities, within the scope of MFRS 139, are recognised in the statement of
financial position when, and only when, the Fund becomes a party to the contractual
provisions of the financial instrument.
Financial assets are derecognised when the rights to receive cash flows from the
investments have expired or have been transferred and the Fund has transferred
substantially all risks and rewards of ownership.
Financial liabilities are derecognised when it is extinguished, i.e. when the obligation
specified in the contract is discharged or cancelled or expired.
Unrealised gains or losses arising from changes in the fair value of the financial assets
at fair value through profit or loss are presented in the statement of comprehensive
income within net gain or loss on financial assets at fair value through profit or loss in
the financial period which they arise.
Dividend income from financial assets at fair value through profit or loss is recognised
in the statement of comprehensive income as part of gross dividend income when the
Fund’s right to receive payments is established.
Collective investment schemes are valued based on the most recent published NAV
per unit or share of such collective investment schemes or, if unavailable, on the last
published price of such unit or share (excluding any sales charge included in such
selling price).
Quoted securities in Malaysia are valued at the last done market price quoted on
Bursa Malaysia Securities Bhd (“Bursa Securities”) at the date of the statement of
financial position.
Foreign quoted securities are valued at the last traded market price quoted on the
respective foreign stock exchanges at the close of the business day of the respective
foreign stock exchanges.
Loans and receivables and other financial liabilities are subsequently carried at
amortised cost using the effective interest method.
21
(b) Financial assets and financial liabilities (continued)
Recognition and measurement (continued)
If a valuation based on the market price does not represent the fair value of the quoted
securities, for example during abnormal market conditions or when no market price is
available, including in the event of a suspension in the quotation of the quoted
securities for a period exceeding 14 days, or such shorter period as agreed by the
Trustee, then the quoted securities are valued as determined in good faith by the PRS
Provider, based on the methods or bases approved by the Trustee after appropriate
technical consultation.
Unquoted fixed income securities denominated in Ringgit Malaysia (“RM”) are

revalued on a daily basis based on fair value prices quoted by a Bond Pricing Agency
(“BPA”) registered with the SC as per the SC Guidelines on Unit Trust Funds. Refer to
Note 2(k) for further explanation.
Deposits with licensed financial institutions are stated at cost plus accrued interest
calculated on the effective interest method over the period from the date of placement
to the date of maturity of the respective deposits.
Loans and receivables and other financial liabilities are subsequently carried at
amortised cost using the effective interest method.
Impairment for assets carried at amortised costs
For assets carried at amortised cost, the Fund assesses at the end of the reporting
period whether there is objective evidence that a financial asset or group of financial
assets is impaired. A financial asset or a group of financial assets is impaired and
impairment losses are incurred only if there is objective evidence of impairment as a
result of one or more events that occurred after the initial recognition of the asset (a
‘loss event’) and that loss event (or events) has an impact on the estimated future cash
flows of the financial asset or group of financial assets that can be reliably estimated.
The amount of the loss is measured as the difference between the asset’s carrying
amount and the present value of estimated future cash flows (excluding future credit
losses that have not been incurred) discounted at the financial asset’s original effective
interest rate. The asset’s carrying amount is reduced and the amount of the loss is
recognised in statement of comprehensive income. If ‘loans and receivables’ has a
variable interest rate, the discount rate for measuring any impairment loss is the
current effective interest rate determined under the contract.
As a practical expedient, the Fund may measure impairment on the basis of an

instrument’s fair value using an observable market price.
If, in a subsequent financial period, the amount of the impairment loss decreases and
the decrease can be related objectively to an event occurring after the impairment was
recognised (such as an improvement in the debtor’s credit rating), the reversal of the
previously recognised impairment loss is recognised in statement of comprehensive
income.
When an asset is uncollectible, it is written off against the related allowance account.
Such assets are written off after all the necessary procedures have been completed
and the amount of the loss has been determined.
22
(c) Income recognition
Dividend income is recognised on the ex-dividend date when the right to receive
payment is established.
Interest income from deposits with licensed financial institutions and unquoted fixed
income securities are recognised on a time proportionate basis using the effective
interest rate method on an accrual basis.
Realised gain or loss on disposal of collective investment schemes and quoted

securities are accounted for as the difference between the net disposal proceeds and
the carrying amount of collective investment schemes and quoted securities,
determined on a weighted average cost basis.
Realised gain or loss on disposal of unquoted fixed income securities is accounted for
as the difference between the net disposal proceeds and the carrying amount of
unquoted fixed income securities, determined on cost adjusted for accretion of
discount or amortisation of premium.
(d) Foreign currency
Functional and presentation currency
Items included in the financial statements of the Fund are measured using the
currency of the primary economic environment in which the Fund operates (the
“functional currency”). The financial statements are presented in RM, which is the
Fund’s functional and presentation currency.
Due to mixed factors in determining the functional currency of the Fund, the PRS
Provider has used its judgement to determine the functional currency that most
faithfully represents the economic effects of the underlying transactions, events and
conditions and have determined the functional currency to be in RM primarily due to
the following factors:
i) The Fund's units are denominated in RM.

ii) Significant portion of the Fund’s expenses are denominated in RM.
Transactions and balances
Foreign currency transactions are translated into the functional currency using the
exchange rates prevailing at the dates of the transactions or valuation where items are
remeasured. Foreign exchange gains and losses resulting from the settlement of such
transactions and from the translation at financial period-end exchange rates of
monetary assets and liabilities denominated in foreign currencies are recognised in
statement of comprehensive income.
23
(e) Creation and cancellation of units
The members’ contributions to the Fund meet the definition of puttable instruments
classified as financial liability under MFRS 132 “Financial Instruments: Presentation”.
The Fund issues cancellable units, in three classes of units, known respectively as the
Class A, Class C and Class X, which are cancelled at the member’s option and do not
have identical features subject to restrictions as stipulated in the Disclosure Document
and SC Guidelines on PRS. The units are classified as financial liabilities. Cancellable
units can be put back to the Fund at any time for cash equal to a proportionate share
of the Fund’s NAV of respective classes. The outstanding units are carried at the
redemption amount that is payable at the date of the statement of financial position if
the member exercises the right to put back the unit to the Fund.
Units are created and cancelled at the member’s option at prices based on the Fund’s
NAV per unit of respective classes at the close of business on the relevant dealing
day. The Fund’s NAV per unit of respective classes is calculated by dividing the net
assets attributable to members of respective classes with the total number of
outstanding units of respective classes.
(f) Cash and cash equivalents
For the purpose of statement of cash flows, cash and cash equivalents comprise bank
balances and deposits held in highly liquid investments that are readily convertible to
known amounts of cash and which are subjected to an insignificant risk of changes in
value.
(g) Taxation
Current tax expense is determined according to Malaysian tax laws at the current rate
based upon the taxable profit earned during the financial period.
Tax on dividend income from foreign quoted securities is based on the tax regime of
the respective countries that the Fund invests in.
(h) Increase/Decrease in net assets attributable to members
Income not distributed is included in net assets attributable to members.
(i) Transaction costs
Transaction costs are costs incurred to acquire or dispose financial assets or liabilities
at fair value through profit or loss. They include fees and commissions paid to agents,
advisors, brokers and dealers. Transaction costs, when incurred, are immediately
recognised in the statement of comprehensive income as expenses.
(j) Segment information
Operating segments are reported in a manner consistent with the internal reporting
used by the chief operating decision-maker. The chief operating decision-maker is
responsible for allocating resources and assessing performance of the operating
segments.
24
(k) Critical accounting estimates and judgments in applying accounting policies
The Fund makes estimates and assumptions concerning the future. The resulting
accounting estimates will, by definition, rarely equal the related actual results. To
enhance the information content of the estimates, certain key variables that are
anticipated to have material impact to the Fund’s results and financial position are
tested for sensitivity to changes in the underlying parameters.
Estimates and judgments are continually evaluated by the PRS Provider and are
based on historical experience and other factors, including expectations of future
events that are believed to be reasonable under the circumstances.
Estimate of fair value of unquoted fixed income securities
In undertaking any of the Fund’s investment, the Manager will ensure that all assets of
the Fund under management will be valued appropriately, that is at fair value and in
compliance with the SC Guidelines on Unit Trust Funds.
Ringgit-denominated unquoted fixed income securities are valued using fair value
prices quoted by a BPA. Where the Manager is of the view that the price quoted by
BPA for a specific unquoted fixed income securities differs from the market price by
more than 20 bps, the Manager may use market price, provided that the Manager
records its basis for using a non-BPA price, obtains necessary internal approvals to
use the non-BPA price, and keeps an audit trail of all decisions and basis for adopting
the use of non-BPA price.
25
3. RISK MANAGEMENT OBJECTIVES AND POLICIES
The Fund seeks to provide capital growth over the long-term by investing in a portfolio of
primarily equities with some exposure in fixed income instruments.
The Fund is exposed to a variety of risks which include market risk (inclusive of price risk,
interest rate risk and currency risk), credit risk and liquidity risk.
Financial risk management is carried out through internal control process adopted by the PRS
Provider and adherence to the investment restrictions as stipulated in the Deeds and SC
Guidelines on PRS.
(a) Market risk
(i) Price risk
This is the risk that the fair value of investments in collective investment
schemes, quoted securities and unquoted fixed income securities will fluctuate
because of changes in market prices. The value of investments may fluctuate
according to the activities of individual companies, sector and overall political
and economic conditions. Such fluctuation may cause the Fund’s NAV and
prices of units to fall as well as rise, and income produced by the Fund may
also fluctuate.
The price risk is managed through diversification and selection of collective
investment schemes, quoted securities, unquoted fixed income securities and
other financial instruments within specified limits according to the Deeds.
(ii) Interest rate risk
In general, when interest rates rise, unquoted fixed income securities prices will
tend to fall and vice versa. Therefore, the NAV of the Fund may also tend to fall
when interest rates rise or are expected to rise. However, investors should be
aware that should the Fund holds an unquoted fixed income securities till
maturity, such price fluctuations would dissipate as it approaches maturity, and
thus the growth of the NAV shall not be affected at maturity. In order to mitigate
interest rates exposure of the Fund, the PRS Provider will manage the duration
of the portfolio via shorter or longer tenured assets depending on the view of
the future interest rate trend of the PRS Provider, which is based on its
continuous fundamental research and analysis.
Investors should note that the movement in prices of unquoted fixed income
securities and money market instruments are benchmarked against interest
rates. As such, the investments are exposed to the movement of the interest
rates.
This risk is crucial since unquoted fixed income securities portfolio

management depends on forecasting interest rate movements. Prices of
unquoted fixed income securities move inversely to interest rate movements,
therefore as interest rates rise, the prices of unquoted fixed income securities
decrease and vice versa. Furthermore, unquoted fixed income securities with
longer maturity and lower yield interest rates are more susceptible to interest
rate movements.
Such investments may be subject to unanticipated rise in interest rates which

may impair the ability of the issuers to meet the obligation under the
instrument, especially if the issuers are highly leveraged. An increase in
interest rates may therefore increase the potential for default by an issuer.
26
3. RISK MANAGEMENT OBJECTIVES AND POLICIES (CONTINUED)
(a) Market risk (continued)
(iii) Currency risk
Currency risk of the Fund is associated with investments that are quoted and/or
priced in foreign currency denomination. Foreign currency risk is the risk that
the value of financial instruments will fluctuate due to changes in foreign
exchange rates. The PRS Provider will evaluate the likely directions of a
foreign currency versus RM based on considerations of economic
fundamentals such as interest rate differentials, balance of payments position,
debt levels, and technical chart considerations.
(b) Credit risk
Credit risk refers to the risk that a counter party will default on its contractual obligation
resulting in financial loss to the Fund.
Investment in unquoted fixed income securities may involve a certain degree of

credit/default risk with regards to the issuers. Generally, credit risk or default risk is the
risk of loss due to the issuer’s non-payment or untimely payment of the investment
amount as well as the returns on investment. This will cause a decline in value of the
defaulted unquoted fixed income securities and subsequently depress the NAV of the
Fund. Usually credit risk is more apparent for an investment with a longer tenure, i.e.
the longer the duration, the higher the credit risk.
Credit risk can be managed by performing continuous fundamental credit research and
analysis to ascertain the creditworthiness of its issuer. In addition, the PRS Provider
imposes a minimum rating requirement as rated by either local and/or foreign rating
agencies and manages the duration of the investment in accordance with the objective
of the Fund. For this Fund, the unquoted fixed income securities must satisfy a
minimum rating requirement of at least “BBB3” or “P2” by RAM or equivalent rating by
MARC or “BBB” by S&P or equivalent rating by Moody’s or Fitch.
The credit risk arising from placements of deposits in licensed financial institutions is
managed by ensuring that the Fund will only place deposits in reputable licensed
financial institutions.
For amount due from the PRS Provider, the settlement terms of the proceeds from the
creation of units’ receivable from the PRS Provider are governed by the SC Guidelines
on PRS.
27
(c) Liquidity risk
Liquidity risk is the risk that the Fund will encounter difficulty in meeting its financial
obligations.
The PRS Provider manages this risk by maintaining sufficient level of liquid assets to
meet anticipated payments and cancellations of the units by members. Liquid assets
comprise bank balances and deposits with licensed financial institutions, which are
capable of being converted into cash within 7 business days. Generally, all
investments are subject to a certain degree of liquidity risk depending on the nature of
the investment instruments, market, sector and other factors. For the purpose of the
Fund, the PRS Provider will attempt to balance the entire portfolio by investing in a mix
of assets with satisfactory trading volume and those that occasionally could encounter
poor liquidity. This is expected to reduce the risks for the entire portfolio without limiting
the Fund’s growth potential.
(d) Capital risk management
The capital of the Fund is represented by net assets attributable to members of

RM43,237,555 (31.01.2018: RM41,323,360). The amount of net assets attributable to
members can change significantly on a daily basis as the Fund is subject to daily
subscriptions and redemptions at the discretion of the members. The Fund’s objective
when managing capital is to safeguard the Fund’s ability to continue as a going
concern in order to provide returns to the members and benefits for other stakeholders
and to maintain a strong capital base to support the development of the investment
activities of the Fund.
(e) Fair value estimation
Fair value is defined as the price that would be received to sell an asset or paid to
transfer a liability in an orderly transaction between market participants at the
measurement date (i.e. an exit price).
The fair values of financial assets traded in active markets (such as trading securities)
are based on quoted market prices at the close of trading on the financial period end
date. The Fund utilises the last traded market price for financial assets where the last
traded price falls within the bid-ask spread. In circumstances where the last traded
price is not within the bid-ask spread, the PRS Provider will determine the point within
the bid-ask spread that is most representative of the fair value.
28
(e) Fair value estimation (continued)
An active market is a market in which transactions for the asset or liability take place
with sufficient frequency and volume to provide pricing information on an ongoing
basis.
The fair value of financial assets that are not traded in an active market is determined
by using valuation techniques.
(i) Fair value hierarchy
The table below analyses financial instruments carried at fair value. The
different levels have been defined as follows:
 Quoted prices (unadjusted) in active market for identical assets or

liabilities (Level 1)
 Inputs other than quoted prices included within Level 1 that are
observable for the asset or liability, either directly (that is, as prices) or
indirectly (that is, derived from prices) (Level 2)
 Inputs for the asset and liability that are not based on observable
market data (that is, unobservable inputs) (Level 3)
The level in the fair value hierarchy within which the fair value measurement is
categorised in its entirety is determined on the basis of the lowest level input
that is significant to the fair value measurement in its entirety. For this purpose,
the significance of an input is assessed against the fair value measurement in
its entirety.
If a fair value measurement uses observable inputs that require significant

adjustment based on unobservable inputs, that measurement is a Level 3
measurement.
Assessing the significance of a particular input to the fair value measurement in

its entirety requires judgment, considering factors specific to the asset or
liability.
The determination of what constitutes ‘observable’ requires significant

judgment by the Fund. The Fund considers observable data to be that market
data that is readily available, regularly distributed or updated, reliable and
verifiable, not proprietary, and provided by independent sources that are
actively involved in the relevant market.
29
(e) Fair value estimation (continued)
(i) Fair value hierarchy (continued)
Level 1 Level 2 Level 3 Total

RM RM RM RM
31.07.2018
Financial
assets at fair
value through
profit or loss:
- Quoted
securities 28,378,827 - - 28,378,827
- Unquoted
fixed income
securities - 13,897,869 - 13,897,869
28,378,827 13,897,869 - 42,276,696
Level 1 Level 2 Level 3 Total

RM RM RM RM
31.01.2018
Audited
Financial
assets at fair
value through
profit or loss:
- Quoted
securities 28,269,636 - - 28,269,636
- Unquoted
fixed income
securities - 12,295,768 - 12,295,768
28,269,636 12,295,768 - 40,565,404
Investments which values are based on quoted market prices in active

markets, and are therefore classified within Level 1, include collective
investments schemes and quoted securities. The Fund does not adjust the
quoted prices for these instruments. The Fund’s policies on valuation of these
financial assets are stated in Note 2(b).
Financial instruments that trade in markets that are not considered to be active
but are valued based on quoted market prices, dealer quotations or alternative
pricing sources supported by observable inputs are classified within Level 2.
This includes unquoted fixed income securities. As Level 2 instruments include
positions that are not traded in active markets and/or are subject to transfer
restrictions, valuations may be adjusted to reflect illiquidity and/or non-
transferability, which are generally based on available market information. The
Fund’s policies on valuation of these financial assets are stated in Note 2(b).
(ii) The carrying values of cash and cash equivalents, amount due from the PRS
Provider, dividend receivable and all current liabilities are a reasonable
approximation of their fair values due to their short term nature.
30
4. MANAGEMENT FEE AND PRIVATE PENSION ADMINISTRATOR’S FEE
In accordance with the Deeds, the PRS Provider is entitled to a maximum management fee of
3.00% per annum for each unit class, calculated daily based on the NAV of the Fund.
For the financial period ended 31 July 2018 and 31 July 2017, the management fee for the
respective classes is recognised at the following rates:
Class A Class C Class X

1.40% 1.50% 1.40%
Nonetheless, no management fee is charged on the Fund for the financial period as the
management fee has been waived by the PRS Provider.
The Private Pension Administrator’s fee is recognised at a rate of 0.04% per annum
(31.07.2017: 0.04% per annum) for each unit class, calculated daily based on the NAV of the
Fund.
There is no further liability in respect of management fee and Private Pension Administrator’s
fee other than the amount recognised above.
5. TRUSTEE’S FEE
In accordance with the Deeds, the Trustee is entitled to a maximum fee of 0.04% per annum
for each unit class, calculated daily based on the NAV of the Fund. The Trustee’s fee includes
local custodian fees but excludes foreign custodian fees.
For the financial period ended 31 July 2018, the Trustee’s fee is recognised at a rate of 0.04%
per annum (31.07.2017: 0.04% per annum) for each unit class.
There is no further liability to the Trustee in respect of Trustee’s fee other than the amount
recognised above.
6. INTEREST INCOME
01.02.2018 01.02.2017
to 31.07.2018 to 31.07.2017
RM RM
Interest income from deposits with licensed financial
institutions 6,280 -
Interest income from unquoted fixed income securities 299,843 -
306,123 -
31
7. TAXATION
01.02.2018 01.02.2017
to 31.07.2018 to 31.07.2017
RM RM
Tax charged for the financial period:
- Withholding tax (loss) 21,042 -
A numerical reconciliation between the profit before taxation multiplied by the Malaysian
statutory income tax rate and tax expense of the Fund is as follows:
01.02.2018 01.02.2017
to 31.07.2018 to 31.07.2017
RM RM
(Loss) / Profit before taxation (2,757,422) 2,782,251
Taxation at Malaysian statutory rate of 24%

(31.07.2017: 24%) (661,781) 667,740
Tax effects of:
Investment loss not deductable for tax purposes /
q(Investment income not subject to tax) 646,706 (674,433)
Expenses not deductible for tax purposes 13,579 3,615
Restriction on tax deductible expenses for PRS
Funds 1,496 3,078
Investment income subject to withholding tax 21,042
Taxation 21,042 -
8. FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS
31.07.2018 31.01.2018
Audited
RM RM
Designated at fair value through profit or loss at
inception:
- Quoted securities 28,378,827 28,269,636
- Unquoted fixed income securities 13,897,869 12,295,768
42,276,696 40,565,404
01.02.2018 01.02.2017
to 31.07.2018 to 31.07.2017
RM RM
Net (loss)/gain on financial assets at fair value
through profit
or loss:
- Realised (loss)/gain on disposals (305,769) 971,188
- Unrealised fair value (loss)/gain (3,198,763) 1,381,719
(3,504,532) 2,352,907
32
8. FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS (CONTINUED)
Aggregate Market Percentage

Name of counter Quantity cost value of NAV
Units RM RM %
31.07.2018
QUOTED SECURITIES
AUSTRALIA
Basic Materials
BHP Billiton Ltd 14,825 1,332,962 1,558,564 3.60
BlueScope Steel Ltd 20,849 885,185 1,110,398 2.57
35,674 2,218,147 2,668,962 6.17
Consumer Products
Aristocrat Leisure Ltd 2,287 214,780 222,088 0.51
Seven Group Holdings Ltd 10,839 653,575 626,960 1.45
13,126 868,355 849,048 1.96
Health Care
CSL Ltd 636 311,647 377,108 0.87
Industrials
Boral Ltd 39,283 946,734 787,823 1.82
Transurban Group 5,730 208,559 202,182 0.47
Cleanaway Waste
Management Ltd 100,626 487,834 564,450 1.31
145,639 1,643,127 1,554,455 3.60
TOTAL AUSTRALIA 195,075 5,041,276 5,449,573 12.60
CAYMAN ISLANDS
Consumer Products
Alibaba Group Holding Ltd 1,278 923,347 972,553 2.25
TOTAL CAYMAN
qISLANDS 1,278 923,347 972,553 2.25
33

Units RM RM %
31.07.2018 (CONTINUED)
QUOTED SECURITIES
(CONTINUED)
CHINA
Finance
China Vanke Co Ltd - H1 50,000 762,088 648,795 1.50
Industrial and Commercial
Bank of China Ltd 437,000 1,480,418 1,315,186 3.04
Ping An Insurance (Group)
Co of China Ltd - H1 30,500 1,179,355 1,150,167 2.66
517,500 3,421,861 3,114,148 7.20
Industrials
Anhui Conch Cement Co
Ltd 31,500 555,542 819,929 1.90
TOTAL CHINA 549,000 3,977,403 3,934,077 9.10
HONG KONG
Consumer Products
Brilliance China
Automotive Holdings Ltd 76,000 828,186 403,128 0.93
China Mengniu Dairy Co
Ltd 61,000 704,038 767,831 1.78
Galaxy Entertainment
Group Ltd 22,000 715,500 718,518 1.66
Techtronic Industries Co
Ltd 28,000 689,383 633,825 1.47
187,000 2,937,107 2,523,302 5.84
Finance
AIA Group Ltd 45,400 1,493,247 1,610,928 3.73
HSBC Holdings PLC 4,400 168,374 170,028 0.39
49,800 1,661,621 1,780,956 4.12
Technology
Tencent Holdings Ltd 11,800 2,371,915 2,171,125 5.02
TOTAL HONG KONG 248,600 6,970,643 6,475,383 14.98
34

Units RM RM %
QUOTED SECURITIES
(CONTINUED)
INDONESIA
Consumer Products
Ace Hardware Indonesia
Tbk PT 1,098,600 410,761 405,845 0.94
Mitra Adiperkasa Tbk PT 2,028,000 417,247 506,128 1.17
3,126,600 828,008 911,973 2.11
Telecommunications
PT Telekomunikasi Tbk 373,400 424,947 375,917 0.87
TOTAL INDONESIA 3,500,000 1,252,955 1,287,890 2.98
MALAYSIA
Finance
CIMB Group Holdings Bhd 191,626 1,386,291 1,119,096 2.59
Industrials
V.S. Industry Bhd 291,375 710,955 489,510 1.13
Trading/Services
Bermaz Auto Bhd 193,500 433,440 421,830 0.98
Malaysia Airports Holdings
Bhd 127,900 1,157,495 1,183,075 2.74
321,400 1,590,935 1,604,905 3.72
TOTAL MALAYSIA 804,401 3,688,181 3,213,511 7.44
SINGAPORE
Energy
Keppel Corp Ltd 24,300 574,701 498,252 1.15
Finance
City Developments Ltd 21,100 824,047 630,380 1.46
DBS Group Holdings Ltd 20,000 1,453,959 1,596,761 3.69
CDL Hospitality Trusts 129,800 641,566 627,590 1.45
170,900 2,919,572 2,854,731 6.60
35

Units RM RM %
QUOTED SECURITIES
(CONTINUED)
SINGAPORE (CONTINUED)
Industrials
Venture Corp Ltd 24,100 1,438,536 1,199,773 2.77
TOTAL SINGAPORE 219,300 4,932,809 4,552,756 10.52
THAILAND
Consumer Products
Erawan Group PCL -
NVDR2 619,400 649,286 553,460 1.28
CP ALL PCL -NVDR 100,900 1,041,948 926,285 2.14
720,300 1,691,234 1,479,745 3.42
TOTAL THAILAND 720,300 1,691,234 1,479,745 3.42
SOUTH KOREA
Consumer Products
Samsung Electronics Co.
; Ltd 3,500 651,717 587,979 1.36
Technology
SK Hynix Inc 691 222,970 216,607 0.50
TOTAL SOUTH KOREA 4,191 874,687 804,586 1.86
UNITED STATES
Finance
HDFC Bank Ltd 497 223,502 208,753 0.48
TOTAL UNITED STATES 497 223,502 208,753 0.48
36

Units RM RM %
QUOTED SECURITIES
(CONTINUED)
TOTAL QUOTED
SECURITIES 6,242,642 29,576,037 28,378,827 65.63
ACCUMULATED
UNREALISED LOSS ON
QUOTED SECURITIES
AT FAIR VALUE
THROUGH PROFIT OR
LOSS (1,197,210)
TOTAL QUOTED
SECURITIES AT FAIR
VALUE THROUGH
PROFIT OR LOSS 28,378,827
Nominal Aggregate Market Percentage

Name of issuer value cost value of NAV
RM RM RM %
31.07.2018
UNQUOTED FIXED
INCOME SECURITIES
Bandar Serai Development

Sdn Bhd 4.780%
27/10/2020 (AA3) 1,500,000 1,530,631 1,524,753 3.53
Bank Pembangunan
Malaysia Bhd 4.28%
02/03/2022 (AAA) 700,000 709,113 706,525 1.63
Celcom Transmission (M)
Sdn Bhd IMTN 4.85%
29/08/2022 (AA) 500,000 512,421 514,481 1.19
Genting Capital Bhd MTN
4.42% 08/06/2022 (AAA) 2,250,000 2,246,956 2,231,031 5.16
Imtiaz Sukuk II Bhd
4.580% 27/05/2022 (AA2) 750,000 756,754 756,094 1.75
Jimah Energy Ventures
Sdn Bhd 9.15%
05/12/2020 (AA3) 750,000 826,513 825,239 1.91
Sdn Bhd 9.35%
12/05/2020 (AA3) 750,000 829,325 828,099 1.91
MMC Corporation Bhd
5.64% 27/04/2027 (AA) 750,000 777,114 763,773 1.77
Telekom Malaysia Bhd
4.20% 13/09/2021 (AAA) 250,000 254,550 253,549 0.59
37

Units RM RM %
UNQUOTED SECURITIES
(CONTINUED)
UEM Edgenta Bhd 4.85%

26/04/2022 (AA) 300,000 306,069 305,709 0.71
UniTapah Sdn Bhd 5.01%
12/06/2019 (AA1) 900,000 912,500 912,216 2.11
United Growth Bhd 4.73%
21/06/2022 (AA2) 300,000 303,945 303,538 0.70
WCT Holdings Bhd 4.80%
28/12/2018 (AA) 950,000 955,237 955,339 2.21
11/05/2022 (AA) 750,000 763,783 765,048 1.77
YTL Corporation Bhd
4.38% 25/04/2023 (AA1) 2,250,000 2,252,965 2,252,475 5.21
TOTAL UNQUOTED
FIXED INCOME
SECURITIES
13,650,000 13,937,876 13,897,869 32.15
ACCUMULATED
UNREALISED LOSS ON
UNQUOTED FIXED
INCOME SECURITIES
AT FAIR VALUE
THROUGH PROFIT OR
LOSS (40,007)
TOTAL UNQUOTED
FIXED INCOME
SECURITIES AT FAIR
VALUE THROUGH
38

Units RM RM %
31.01.2018
Audited
QUOTED SECURITIES
MALAYSIA
Finance
CIMB Group Holdings Bhd 188,100 1,124,092 1,363,725 3.30
Industrials
V.S. Industry Bhd 233,100 706,176 710,955 1.72
Trading/Services
Bermaz Auto Bhd 193,500 399,564 433,440 1.05
Malaysia Airports Holdings
Bhd 127,900 1,071,994 1,157,495 2.80
321,400 1,471,558 1,590,935 3.85
TOTAL MALAYSIA 742,600 3,301,826 3,665,615 8.87
AUSTRALIA
Basic Materials
BHP Billiton Ltd 14,825 1,332,962 1,411,332 3.42
BlueScope Steel Ltd 20,849 885,185 952,973 2.31
35,674 2,218,147 2,364,305 5.73
Industrials
Boral Ltd 39,283 946,734 990,654 2.40
Cleanaway Waste
Management Ltd 100,626 487,834 458,359 1.11
139,909 1,434,568 1,449,013 3.51
TOTAL AUSTRALIA 175,583 3,652,715 3,813,318 9.24
CHINA
Consumer Products
GuangZhou Automobile
Group Co Ltd 22,000 221,561 194,296 0.47
39

Units RM RM %
Audited (Continued)
QUOTED SECURITIES
(CONTINUED)
CHINA (CONTINUED)
Finance
China Vanke Co Ltd - H1 50,000 762,088 954,436 2.31
Industrial and Commercial
Bank of China Ltd 583,000 1,975,020 2,150,197 5.20
Ping An Insurance Group
Co of China - H1 30,500 1,179,355 1,408,391 3.41
663,500 3,916,463 4,513,024 10.92
Industrials
Anhui Conch Cement Co
Ltd 48,000 846,540 1,031,090 2.50
TOTAL CHINA 733,500 4,984,564 5,738,410 13.89
HONG KONG
Consumer Products
Brilliance China
Automotive Holdings Ltd 76,000 828,186 757,568 1.83
China Mengniu Dairy Co
Ltd 61,000 704,038 776,781 1.88
Galaxy Entertainment
Group Ltd 15,000 489,865 518,087 1.25
Sands China Ltd 51,200 1,050,019 1,189,143 2.88
Techtronic Industries Co
Ltd 28,000 689,383 727,066 1.76
231,200 3,761,491 3,968,645 9.60
Energy
CNOOC Ltd 91,000 520,858 552,417 1.34
Finance
AIA Group Ltd 38,200 1,245,474 1,275,605 3.09
Technology
Tencent Holdings Ltd 11,800 2,371,915 2,726,487 6.60
TOTAL HONG KONG 372,200 7,899,738 8,523,154 20.63
40

Units RM RM %
Audited (Continued)
QUOTED SECURITIES
(CONTINUED)
INDONESIA
Consumer Products
Ace Hardware Indonesia
Tbk PT 1,098,600 410,761 431,733 1.04
Mitra Adiperkasa TBK PT 202,800 417,247 430,956 1.03
1,301,400 828,008 862,689 2.07
TOTAL INDONESIA 1,301,400 828,008 862,689 2.07
SINGAPORE
Energy
Keppel Corp Ltd 24,300 574,701 627,556 1.52
Finance
City Developments Ltd 32,700 1,277,078 1,291,570 3.13
DBS Group Holdings Ltd 21,800 1,584,815 1,714,301 4.15
54,500 2,861,893 3,005,871 7.28
Industrials
Venture Corp Ltd 24,100 1,438,536 1,655,400 4.00
TOTAL SINGAPORE 102,900 4,875,130 5,288,827 12.80
THAILAND
Consumer Products
Erawan Group PCL -
NVDR2 86,400 89,124 89,779 0.22
Finance
TMB Bank PCL - NVDR2 797,600 301,985 287,844 0.69
TOTAL THAILAND 884,000 391,109 377,623 0.91
41

Units RM RM %
Audited (Continued)
QUOTED SECURITIES
(CONTINUED)
TOTAL QUOTED
SECURITIES 4,312,183 25,933,090 28,269,636 68.41
ACCUMULATED
UNREALISED GAIN ON
QUOTED SECURITIES
AT FAIR VALUE
THROUGH PROFIT OR
LOSS 2,336,546
TOTAL QUOTED
SECURITIES AT FAIR
VALUE THROUGH

RM RM RM %
31.01.2018
Audited
UNQUOTED FIXED
INCOME SECURITIES
Bandar Serai Development

Sdn Bhd 4.78%
27/10/2020 (AA3) 1,500,000 1,533,303 1,526,300 3.69
Bank Pembangunan
Malaysia Bhd 4.28%
02/03/2022 (AAA) 700,000 708,963 708,528 1.71
Celcom Transmission (M)
Sdn Bhd 4.85%
29/08/2022 (AA1) 500,000 512,796 513,274 1.24
Genting Capital Bhd MTN
4.42% 8/06/2022 (AAA) 2,250,000 2,245,177 2,240,438 5.42
Imtiaz Sukuk II Bhd 4.58%
27/05/2022 (AA2) 750,000 756,950 757,171 1.83
Sdn Bhd 9.15%
05/12/2020 (AA3) 750,000 843,092 842,775 2.04
Sdn Bhd 9.35%
12/05/2020 (AA3) 750,000 846,568 846,322 2.05
MMC Corporation Bhd
5.64% 27/04/2027 (AA3) 750,000 777,939 778,941 1.88
Telekom Malaysia Bhd
4.20% 13/09/2021 (AAA) 250,000 254,624 254,154 0.62
42

RM RM RM %
Audited (Continued)
UNQUOTED FIXED
INCOME SECURITIES
(CONTINUED)
UEM Edgenta Bhd 4.85%

26/04/2022 (AA3) 300,000 306,377 305,983 0.74
United Growth Bhd 4.73%
21/06/2022 (AA2) 300,000 304,256 304,360 0.74
28/12/2018 (AA3) 200,000 201,359 201,374 0.49
11/05/2022 (AA3) 750,000 764,506 764,573 1.85
YTL Corporation Bhd
4.38% 25/04/2023 (AA1) 2,250,000 2,251,071 2,251,575 5.45
TOTAL UNQUOTED
FIXED INCOME
SECURITIES 12,000,000 12,306,981 12,295,768 29.75
ACCUMULATED
UNREALISED LOSS ON
UNQUOTED FIXED
INCOME SECURITIES
AT FAIR VALUE
THROUGH PROFIT OR
LOSS (11,213)
TOTAL UNQUOTED
FIXED INCOME
SECURITIES AT FAIR
VALUE THROUGH
1
H shares refer to the shares of companies incorporated in the Chinese mainland that are
listed on the Hong Kong Stock Exchange or other foreign exchange. H shares are still
regulated by Chinese law, but they are denominated in Hong Kong dollars and trade the
same as other equities on the Hong Kong Stock exchange.
2
NVDR, or non-voting depository receipt, is a trading instrument issued by Thai NVDR
Company Limited, a subsidiary wholly owned by the Stock Exchange of Thailand (“SET”). It
is a valid security as specified by the United States Securities and Exchange Commission
(“SEC”) and is automatically regarded as a listed security by the SET. The underlying
security is a listed security in the SET.
43
9. CASH AND CASH EQUIVALENTS
31.07.2018 31.01.2018
Audited
RM RM
Deposits with licensed financial institutions 147,013 102,019
Bank balances 151,572 246,948
298,585 102,019
10. AMOUNT DUE FROM/TO THE PRS PROVIDER
31.07.2018 31.01.2018
Audited
RM RM
Amount due from the PRS Provider:
- Creation of units 564,904 460,308
564,904 460,308
Amount due to the PRS Provider:

- Cancellation of units 6,336 32,561
6,336 32,561
11. NUMBER OF UNITS IN CIRCULATION (UNITS)
01.02.2018 01.08.2016
to 31.07.2018 to 31.07.2018
Audited
No. of units No. of units
Class A (i) 26,052,937 24,299,517
Class C (ii) 3,292,470 2,956,036
Class X (iiii) 34,232,307 29,584,254
63,577,714 56,839,807
(i) Class A
01.02.2018 01.08.2016
to 31.07.2018 to 31.07.2018
Audited
At the beginning of the financial period/year 24,299,517 18,893,903
Add: Creation of units from applications 2,511,647 7,686,993
Less: Cancellation of units (758,227) (2,281,379)
At the end of the financial period/year 26,052,937 24,299,517
44
11. NUMBER OF UNITS IN CIRCULATION (UNITS) (CONTINUED)
(ii) Class C
01.02.2018 01.08.2016
to 31.07.2018 to 31.07.2018
Audited
Add: Creation of units from applications 382,482 1,263,285
Less: Cancellation of units (46,048) (45,478)
(iii) Class X
01.02.2018 01.08.2016
to 31.07.2018 to 31.07.2018
Audited
Add: Creation of units from applications 5,654,195 9,782,126
Less: Cancellation of units (1,006,142) (1,749,004)
12. MANAGEMENT EXPENSE RATIO (“MER”)
01.02.2018 01.02.2017
to 31.07.2018 to 31.07.2017
% %
MER 0.08 0.10
MER is derived from the following calculation:
MER = (A + B + C + D + E) x 100
F
A = Private Pension Administrator’s fee

B = Audit fee
C = Tax agent’s fee
D = Trustee’s fee
E = Other expenses excluding GST on transaction costs
F = Average NAV of the Fund calculated on a daily basis
The average NAV of the Fund for the financial period calculated on a daily basis is
RM41,967,962 (31.07.2017: RM28,611,621).
45
13. PORTFOLIO TURNOVER RATIO (“PTR”)
01.02.2018 01.02.2017
to 31.07.2018 to 31.07.2017
PTR (times) 0.15 0.37
PTR is derived based on the following calculation:
(Total acquisition for the financial period + total disposal for the financial period)  2
Average NAV of the Fund for the financial period calculated on a daily basis
where:
total acquisition for the financial period = RM 8,988,846 (31.07.2017: RM12,373,000)
total disposal for the financial period = RM 3,765,698 (31.07.2017: RM9,001,875)
14. UNITS HELD BY THE PRS PROVIDER AND PARTIES RELATED TO THE PRS
PROVIDER, AND SIGNIFICANT RELATED PARTIES TRANSACTIONS AND BALANCES
The related parties and their relationship with the Fund are as follows:
Related parties Relationship
CIMB-Principal Asset Management Bhd The PRS Provider
Principal Financial Group, Inc. Ultimate holding company of shareholder of

the PRS Provider
Principal International (Asia) Ltd Shareholder of the PRS Provider
Subsidiaries and associates of Principal Fellow subsidiary and associated companies

Financial Group Inc., other than above, as of the ultimate holding company of
disclosed in its financial statements shareholder of the PRS Provider
CIMB Group Holdings Bhd Ultimate holding company of shareholder of

the PRS Provider
CIMB Group Sdn Bhd Shareholder of the PRS Provider
Subsidiaries and associates of CIMB Group Fellow subsidiary and associated companies
Holdings Berhad, other than above, as of the ultimate holding company of
disclosed in its financial statements shareholder of the PRS Provider
CIMB Bank Bhd Fellow related party to PRS Provider
CIMB-GK Securities Pte Ltd Fellow related party to PRS Provider
CIMB Securities (Singapore) Pte Ltd Fellow related party to PRS Provider
46
14. UNITS HELD BY THE PRS PROVIDER AND PARTIES RELATED TO THE PRS
PROVIDER, AND SIGNIFICANT RELATED PARTIES TRANSACTIONS AND BALANCES
(CONTINUED)
Units held by the PRS Provider and parties related to the PRS Provider
01.02.2018 01.02.2017
to 31.07.2018 to 31.07.2017
RM RM
Significant related party transactions
Purchase of collective investment schemes:
- CIMB-Principal Asset Management Bhd - 12,373,000
Disposal of collective investment schemes:

- CIMB-Principal Asset Management Bhd - 9,001,875
There were no significant related party balances during each financial period/year, other than
those already disclosed in the financial statements.
15. TRANSACTIONS WITH BROKERS/DEALERS
Details of transactions with the top 10 brokers/dealers for the six months financial period
ended 31 July 2018 are as follows:
Percentage
Percentage of total
Value of of total Brokerage brokerage
Brokers/Dealers trades trades fees fees
RM % RM %
CIMB Securities (Singapore)

Pte Ltd # 3,848,842 30.18 9,383 33.33
Credit Suisse (Hong Kong) Ltd 1,210,846 9.49 2,365 8.4
Sanford C. Bernstein & Co. 1,117,208 8.76 3,997 14.2
DBS Vickers Securities
(Singapore) Pte Ltd 867,738 6.80 2,670 9.49
Hong Investment Bank Bhd 707,490 5.55 - 0
JP Morgan Securities
Singapore Pte Ltd 707,468 5.55 2,186 7.77
Macquarie Capital Securities
Singapore Pte Ltd 627,303 4.92 1,302 4.63
Citigroup Global Markets Ltd 534,617 4.19 1,292 4.59
CLSA (Hong Kong) Ltd 514,442 4.03 660 2.35
RHB Investment Bank Bhd 502,540 3.94 - -
Others# 2,116,050 16.59 4,293 15.24
12,754,544 100.00 28,148 100.00
47
15. TRANSACTIONS WITH BROKERS/DEALERS (CONTINUED)
Details of transactions with the brokers/dealers for the six months financial period ended 31
July 2017 are as follows:
Percentage
Percentage of total
Value of of total Brokerage brokerage
Brokers/Dealers trades trades fees fees
RM % RM %
CIMB-Principal Asset
Management Bhd # 21,374,875 100.00 - -
# Included in the transactions by the Fund are trades conducted with CIMB-Principal Asset
Management Bhd, the PRS Provider, amounting to nil (31.07.2017: RM21,374,875) and
CIMB Securities (Singapore) Pte Ltd, fellow related parties to the PRS Provider amounting
to RM3,848,842 (31.07.2017: Nil). The PRS Provider is of the opinion that all transactions
have been entered into in the normal course of business at agreed terms between the
related parties.
16. SEGMENT INFORMATION
The internal reporting provided to the chief operating decision-maker for the Fund’s assets,
liabilities and performance is prepared on a consistent basis with the measurement and
recognition principles of MFRS and IFRS. The chief operating decision-maker is responsible
for the performance of the Fund and considers the business to have a single operating
segment located in Malaysia. Asset allocation decisions are based on a single, integrated
investment strategy and the Fund’s performance is evaluated on an overall basis.
The investment objective of the Fund is to provide capital growth over the long-term by
investing in a portfolio of primarily equities with some exposure in fixed income instruments.
The reportable operating segment derives its income by seeking investments to achieve
targeted returns consummate with an acceptable level of risk within the portfolio. These
returns consist of interest income and dividend income earned from investments and gains on
the appreciation in the value of investments, which are derived from Ringgit denominated
deposits with licensed financial institutions, Malaysia domiciled collective investment
schemes, quoted securities listed on the Bursa Securities, Malaysia, quoted securities of
companies domicilied in, listed in, and/or have significant operations in countries in Asia
Pacific ex Japan and unquoted fixed income securities traded in Malaysia.
There were no changes in reportable operating segment during the financial period.
48
DIRECTORY
Head office of the PRS Provider

CIMB-Principal Asset Management Berhad (Company No.: 304078-K)
10th floor, Bangunan CIMB,
Jalan Semantan,
Damansara Heights,
50490 Kuala Lumpur, MALAYSIA.
Tel: (03) 2084 8888
Postal address
CIMB-Principal Asset Management Berhad (Company No.: 304078-K)
P.O.Box 10571,
Website
www.cimb-principal.com.my
E-mail address
service@cimb-principal.com.my
General investment enquiries

(03) 7718 3100
Trustee for the CIMB-Principal PRS Plus Growth

Deutsche Trustees Malaysia Berhad
Level 20 Menara IMC,
8 Jalan Sultan Ismail,
49
CIMB-Principal Asset Management Berhad (304078-K)
Enquiries:
Customer Care Centre (603) 7718 3100
Email service@cimb-principal.com.my
http://www.cimb-principal.com

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CIMB-PRINCIPAL PRS PLUS GROWTH

UNAUDITED FINANCIAL STATEMENTS

FOR THE SIX MONTHS FINANCIAL PERIOD ENDED 31 JULY 2018

PRS PROVIDER’S REPORT 2 - 12

Fund Objective and Policy

Soft Commissions and Rebates

STATEMENT BY THE PRS PROVIDER 13

UNAUDITED STATEMENT OF COMPREHENSIVE INCOME 15

UNAUDITED STATEMENT OF FINANCIAL POSITION 16

UNAUDITED STATEMENT OF CHANGES IN NET ASSETS ATTRIBUTABLE TO

UNAUDITED STATEMENT OF CASH FLOWS 18

NOTES TO THE FINANCIAL STATEMENTS 19 - 48

Dear Valued Members,

The Edge| Thomson Reuters Lipper Malaysia Fund Awards 2018

PRS PROVIDER’S REPORT

FUND OBJECTIVE AND POLICY

What is the investment objective of the Fund?

Has the Fund achieved its objective?

When was the Fund launched?

What was the size of the Fund as at 31 July 2018?

What is the Fund’s benchmark?

What is the Fund distribution policy?

31.07.2018 30.07.2017 31.07.2016

31.07.2018 31.07.2017 31.07.2016

01.02.2018 01.02.2017 01.02.2016

PERFORMANCE DATA (CONTINUED)

01.02.2018 01.02.2017 01.02.2016

Management Expense Ratio (“MER”) (%) ^ 0.08 0.10 0.09

31.07.2018 31.07.2017 31.07.2016 31.07.2015 31.07.2014

(Launch date: 12 November 2012)

MARKET REVIEW (1 FEBRUARY 2018 TO 31 JULY 2018)

MARKET REVIEW (1 FEBRUARY 2018 TO 31 JULY 2018) (CONTINUED)

Fixed Income (continued)

FUND PERFORMANCE (CONTINUED)

6.00% Class A, C and X*

FUND PERFORMANCE (CONTINUED)

FUND PERFORMANCE (CONTINUED)

Since inception to 31.07.2018

28.00% Class A, C and X*

CLASS A 31.07.2018 31.07.2017 Changes

CLASS C 31.07.2018 31.07.2017 Changes

CLASS X 31.07.2018 31.07.2017 Changes

FUND PERFORMANCE (CONTINUED)

Changes in NAV (continued)

(% of NAV) 31.07.2018 31.07.2017

MEMBERS STATISTICS AS AT 31 JULY 2018

SOFT COMMISSIONS AND REBATES

STATEMENT BY THE PRS PROVIDER TO THE MEMBERS OF

For and on behalf of the PRS Provider

ALEJANDRO ECHEGORRI PEDRO ESTEBAN BORDA

TRUSTEE’S REPORT TO THE MEMBERS OF

For Deutsche Trustees Malaysia Berhad

SOON LAI CHING RICHARD LIM HOCK SENG

UNAUDITED STATEMENT OF COMPREHENSIVE INCOME

INVESTMENT (LOSS) INCOME

(LOSS) / PROFIT BEFORE TAXATION (2,757,421) 2,782,251

(DECREASE) / INCREASE IN NET ASSETS

(Decrease) / Increase in net assets attributable to

UNAUDITED STATEMENT OF FINANCIAL POSITION

NET ASSET VALUE OF THE FUND 43,237,555 41,323,360

NET ASSETS ATTRIBUTABLE TO MEMBERS 43,237,555 41,323,360

FAIR VALUE OF OUTSTANDING UNITS

NUMBER OF UNITS IN CIRCULATION (UNITS)