FUND FACT SHEET

USD FIXED INCOME FUND

PT. AIA FINANCIAL registered and supervised by the Financial Services Authority
31 December 2018
INVESTMENT MANAGER

Established in 15 July 1996, PT. AIA FINANCIAL (AIA) is one of the leading life insurance companies in Indonesia that registered and supervised by the Indonesian
Financial Services Authority. AIA in Indonesia is a subsidiary of the AIA Group. With experienced personnel, AIA's Investment team manages the investments of all
existing funds in accordance with its investment objectives and risk profile. AIA's Investment team has the profiency to identify economic conditions and investment
movements to generate competitive investment returns through a variety of financial instruments such as money market, bonds, shares and/or mutual funds.

INVESTMENT OBJECTIVE TARGET ALLOCATION

To provide investor an attractive investment return through strategic and selective 0% - 20% : Money Market Instruments
investments in US dollar denominated fixed income instruments with moderate risk 80% - 100% : Fixed Income Securities
tolerence.

FUND INFORMATION
Launch Date : 7 November 2000 Fund Size (million) : USD 49.94
Launch Price : USD 1.00 Fund Management Fee : 1.45% per annum
Unit Price (NAV) : USD 2.62 Pricing Frequency : Daily
Risk Level : Moderate Benchmark : 90% BBG USD EM Indonesia Sov. Bond
Fund Duration : 7.40 10% 1 Month USD Avg Time Deposit (Net)
Benchmark Duration : 7.24

FUND PERFORMANCE
Fund Performance
Fund Annualised
1 Month 3 Months YTD 1 Year
3 Years 5 Years Since Inception
USD Fixed Income 1.63% -0.21% -4.33% -4.33% 2.09% 2.44% 5.44%

Benchmark* 2.01% -0.14% -4.09% -4.09% 0.67% 0.16% 0.14%

* current benchmark is effective from 1 Jan 2018
From 1 Dec 2016 to 31 Dec 2017: 90% BBG USD EM Indonesia Sov. Bond Indonesia + 10% Deposit Rate Avg 3M USD (Net of 20% WHT)
From 1 Mar 2013 to 30 Nov 2016: Indonesia Deposit Rate Avg 3M USD (Net of 20% WHT)
Since inception to 28 Feb 2013: Indonesia Deposit Rate Avg 1M USD (Net of 20.0% WHT)
LAST 3 YEARS CUMULATIVE RETURN LAST 3 YEARS MONTHLY RETURN
Cummulative Return Monthly Return
20.00%
4.00%
15.00%
10.00% 2.00%
5.00%
0.00%
0.00%
-5.00% -2.00%
-10.00%
-4.00%
Apr-16

Aug-16
Sep-16
Oct-16

Apr-17

Aug-17
Sep-17
Oct-17

Apr-18

Aug-18
Sep-18
Oct-18
Jan-16

Jun-16

Jan-17

Jun-17

Jan-18

Jun-18
Dec-15

Nov-16
Dec-16

Nov-17
Dec-17

Nov-18
Dec-18
Feb-16

May-16

Feb-17

May-17

Feb-18

May-18
Mar-16

Mar-17

Mar-18
Jul-16

Jul-17

Jul-18

USD Fixed Income Fund Benchmark

ASSET ALLOCATION SECTOR

ALOKASI ALLOCATION
SEKTOR TOP HOLDINGS
Government Bond 77.93% INDON 2021
Energy 1.53% INDON 2024
Government Materials 3.59% INDON 2027
Bond, 77.93% Corporate Utilities 10.82% INDON 2035
Bond TD + Cash 6.14% INDON 2038
15.93%
INDON 2042
INDON 2044
Money Market INDON 2045
Instrument,
6.14% INDON 2047
Majapahit Holding BV 2020 Bond

FUND MANAGER COMMENTARY

USD Fixed Income Fund recorded performance of +1.63% in December 2018, as investors still viewed Indonesia positively and had added positions in Indonesia bonds.
The yields given by USD-denominated Indonesia sovereign bonds were deemed attrative. Overall Indonesia sovereign bonds prices gained, led by the 7-year tenor. In
the first month of 2019, bonds prices will remain volatile, depending on US - China trade negotiation, US and China economic condition and upcoming election in
Indonesia.

DISCLAIMER: USD Fixed Income Fund is an investment-linked fund offered by PT. AIA FINANCIAL. This document is prepared by PT. AIA FINANCIAL and solely for
informational use only. This document is not an offer for sale nor a solicitation of an offer to purchase. Investment in unit-link product contains risks including but not
limited to political risk, risk on changes in government decree or other government regulations, interest rate risk, liquidity risk, credit risk, equity risk and exchange rate
risk. The performances of the funds are not guaranteed; the unit price and the investment result may increase or decrease. Past performances do not constitute a
guarantee for future performance.
 FUND FACT SHEET

IDR FIXED INCOME FUND

PT. AIA FINANCIAL registered and supervised by the Financial Services Authority
31 December 2018
INVESTMENT MANAGER

Established in 15 July 1996, PT. AIA FINANCIAL (AIA) is one of the leading life insurance companies in Indonesia that registered and supervised by the Indonesian
Financial Services Authority. AIA in Indonesia is a subsidiary of the AIA Group. With experienced personnel, AIA's Investment team manages the investments of all
existing funds in accordance with its investment objectives and risk profile. AIA's Investment team has the profiency to identify economic conditions and investment
movements to generate competitive investment returns through a variety of financial instruments such as money market, bonds, shares and/or mutual funds.

INVESTMENT OBJECTIVE TARGET ALLOCATION

To provide investor an attractive investment return through strategic and selective 0% - 20% : Money Market Instruments
investments in IDR fixed income instruments issued by the Government of 80% - 100% : IDR Fixed Income securities and/ or
Indonesia and highly rated corporate bonds with moderate risk tolerance. IDR Fixed Income mutual fund(s)

FUND INFORMATION
Launch Date : 7 November 2000 Fund Size (million) : IDR 954,152.74
Launch Price : IDR 1,000.00 Fund Management Fee : 1.65% per annum
Unit Price (NAV) : IDR 3,602.13 Pricing Frequency : Daily
Risk Level : Moderate Benchmark : 90% Bloomberg Indonesia Lcl Sov. Index
10% 3-Month IDR Avg Time Deposit (Net)
Fund Duration : 5.60 Benchmark Duration : 5.38
FUND PERFORMANCE
Fund Performance
Fund Annualised
1 Month 3 Months YTD 1 Year
3 Years 5 Years Since Inception
IDR Fixed Income -0.10% 1.88% -3.70% -3.70% 6.46% 5.72% 7.32%

Benchmark * 0.10% 1.99% -3.07% -3.07% 7.35% 6.37% 9.92%

* current benchmark is effective from 1 May 2016
1 Mar 2013 to 30 Apr 2016: 90%HSBC Indonesia Local Currency Govt Bond (Net)+10% Indonesia Deposit Rate Avg 3 Month IDR (Net)
1 Jan 2001 to 28 Feb 2013: HSBC Indonesia Local Currency Govt Bond TR (Net)
Since Inception to 31 Dec 2000: Indonesia SBI 1M Auction Avg yield (Net)
LAST 3 YEARS CUMULATIVE RETURN LAST 3 YEARS MONTHLY RETURN
Cummulative Return Monthly Return
45.00%
6.00%
35.00%
4.00%
25.00%
2.00%
15.00%
0.00%
5.00%
-2.00%
-5.00%
-15.00% -4.00%
-6.00%
Dec-15

Aug-16
Sep-16

Aug-18
Sep-18
May-16

Dec-16

Aug-17
Sep-17
May-17

Nov-17
Dec-17

May-18

Dec-18
Jul-16

Oct-16
Nov-16

Jul-17

Oct-17

Jul-18

Oct-18
Nov-18
Feb-16

Apr-16

Feb-17

Apr-17

Feb-18

Apr-18
Jan-16

Jun-16

Jan-17

Jun-17

Jan-18

Jun-18
Mar-16

Mar-17

Mar-18

IDR Fixed Income Fund Benchmark

ASSET ALLOCATION SECTOR

ALOKASI ALLOCATION
SEKTOR TOP HOLDINGS
Indosat Palapa Company BV
Mutual Fund FI 94.54% Bank Bukopin
TD + Cash 5.46% Government Bond FR0056
Government Bond FR0070
Mutual Fund FI Government Bond FR0071
94.54%
Government Bond FR0072
Government Bond FR0075
Government Bond FR0077
Money Market Government Bond FR0078
Instrument
5.46% PT Telekomunikasi Indonesia 2020 Bond
PT Waskita Raya 2021 Bond
FUND MANAGER COMMENTARY
IDR Fixed Income Fund recorded performance of -0.10% in December 2018, as foreign funds reduced holdings of IDR government bonds slightly by IDR 7.3tn and
Rupiah depreciated 0.62% MoM to IDR14,390/USD. Inflation in November 2018 stayed stable at 3.20% YoY (October 2018 at 3.16% YoY) as Clothing, Health,
Transportation, Housing, Water and Energy prices increased. Volatility will remain in Indonesia government bond market next month as investors will continue to watch
the progress of trade negotiation between US and China, US and China economic conditions, and upcoming election in Indonesia.

DISCLAIMER: IDR Fixed Income Fund is an investment-linked fund offered by PT. AIA FINANCIAL. This document is prepared by PT. AIA FINANCIAL and solely for
informational use only. This document is not an offer for sale nor a solicitation of an offer to purchase. Investment in unit-link product contains risks including but not
limited to political risk, risk on changes in government decree or other government regulations, interest rate risk, liquidity risk, credit risk, equity risk and exchange rate
risk. The performances of the funds are not guaranteed; the unit price and the investment result may increase or decrease. Past performances do not constitute a
guarantee for future performance
 FUND FACT SHEET

IDR EQUITY FUND

PT. AIA FINANCIAL registered and supervised by the Financial Services Authority
31 December 2018
INVESTMENT MANAGER

Established in 15 July 1996, PT. AIA FINANCIAL (AIA) is one of the leading life insurance companies in Indonesia that registered and supervised by the Indonesian
Financial Services Authority. AIA in Indonesia is a subsidiary of the AIA Group. With experienced personnel, AIA's Investment team manages the investments of all existing
funds in accordance with its investment objectives and risk profile. AIA's Investment team has the profiency to identify economic conditions and investment movements to
generate competitive investment returns through a variety of financial instruments such as money market, bonds, shares and/or mutual funds.

INVESTMENT OBJECTIVE TARGET ALLOCATION

To provide investor with aggressive growth that aims to give superior long-term 0% - 20% : Money Market Instruments
investment returns with high risk tolerance through investments in a diversified portfolio of 80% - 100% : Equities listed in IDX and/ or
listed companies in the Indonesia Stock Exchange (IDX). Equity mutual funds

FUND INFORMATION
Launch Date : 7 November 2000 Fund Size (million) : IDR 16,796,796.22
Launch Price : IDR 1,000.00 Fund Management Fee : 2.10% per annum
Unit Price (NAV) : IDR 15,239.82 Pricing Frequency : Daily
Risk Level : High Benchmark : 98% Jakarta Composite Index
2% 3-Month IDR Avg Time Deposit (Net)
FUND PERFORMANCE
Fund Performance
Fund Annualised
1 Month 3 Months YTD 1 Year
3 Years 5 Years Since Inception
IDR Equity 1.24% 3.44% -7.49% -7.49% 5.86% 5.74% 16.20%

Benchmark * 2.13% 3.35% -2.20% -2.20% 10.38% 7.61% 16.55%

* current benchmark is effective from 1 April 2014
Since inception to 31 Mar 2014: Jakarta Composite Index (Total Return)
LAST 3 YEARS CUMULATIVE RETURN LAST 3 YEARS MONTHLY RETURN
Cummulative return Monthly return
55.00%
8.00%
45.00% 6.00%
35.00% 4.00%
25.00% 2.00%
15.00% 0.00%
5.00% -2.00%
-5.00% -4.00%
Apr-17

Apr-18
Aug-16

Aug-17

Aug-18
Dec-15

Apr-16

Dec-16

Dec-17

Dec-18
Oct-16

Oct-17

Oct-18
Jun-16

Jun-17

Jun-18
Feb-16

Feb-17

Feb-18

-6.00%
-8.00%
Dec-15

Nov-16
Dec-16

Nov-17
Dec-17

Nov-18
Dec-18
May-16

Oct-16

May-17

Oct-17

May-18

Oct-18
Jan-16
Feb-16

Jun-16

Feb-17
Apr-17

Feb-18
Apr-16

Jan-17

Jun-17

Sep-17

Jan-18

Apr-18
Jun-18
Aug-16
Sep-16

Aug-17

Aug-18
Sep-18
Mar-16

Mar-17

Mar-18
Jul-16

Jul-17

Jul-18
IDR Equity Fund Benchmark

ASSET ALLOCATION SECTOR

ALOKASI ALLOCATION
SEKTOR TOP HOLDINGS
Consumer Discretionary 8.82% PT Astra International Tbk
Consumer Staples 20.16% PT Bank Central Asia Tbk
Energy 4.42% PT Bank Mandiri Tbk
Financials 37.67% PT Bank Negara Indonesia Tbk
Equity Health Care 1.51% PT Bank Rakyat Indonesia Tbk
93.38% Industrials 0.62% PT Gudang Garam Tbk
Information Technology 0.11% PT HM Sampoerna Tbk SHS
Materials 6.04% PT Telekomunikasi Indonesia Tbk
Real Estate 2.24% PT Unilever Indonesia Tbk
Money Market
Instrument Telecommunication Services 10.55% PT United Tractors Tbk
6.62% Utilities 1.24%
MF Money Market 4.08%
TD + Cash 2.54%
FUND MANAGER COMMENTARY
In December 2018, IDR Equity Fund booked performance of +1.24% mom, in line with JCI (+2.28% mom). By sector, inside JCI, Consumer Staples was the largest positive
contributors (+1.26% contribution) while Consumer Discretionary become the largest negative contributors (-0.2% contribution). Despite global market correction which
was driven by worry on trade negotiations due to Huawei CFO arrest and less dovish Fed stance, Indonesian market performed positively. BI maintained benchmark rate
at 6.0%. Full year 2018 inflation remained under control at 3.13% yoy. While November trade data reached unexpeced huge deficit at USD 2.05bn. Going forward,
Indonesia Equity market will continue to depend on domestic economy development, USD/IDR currency movement and global risks’ dynamics.

DISCLAIMER: IDR Equity Fund is an investment-linked fund offered by PT. AIA FINANCIAL. This document is prepared by PT. AIA FINANCIAL and solely for informational
use only. This document is not an offer for sale nor a solicitation of an offer to purchase. Investment in unit-link product contains risks including but not limited to political
risk, risk on changes in government decree or other government regulations, interest rate risk, liquidity risk, credit risk, equity risk and exchange rate risk. The
performances of the funds are not guaranteed; the unit price and the investment result may increase or decrease. Past performances do not constitute a guarantee for
future performance.
 FUND FACT SHEET

IDR MONEY MARKET FUND

PT. AIA FINANCIAL registered and supervised by the Financial Services Authority
31 December 2018
INVESTMENT MANAGER

Established in 15 July 1996, PT. AIA FINANCIAL (AIA) is one of the leading life insurance companies in Indonesia that registered and supervised by the Indonesian
Financial Services Authority. AIA in Indonesia is a subsidiary of the AIA Group. With experienced personnel, AIA's Investment team manages the investments of all
existing funds in accordance with its investment objectives and risk profile. AIA's Investment team has the profiency to identify economic conditions and investment
movements to generate competitive investment returns through a variety of financial instruments such as money market, bonds, shares and/or mutual funds.

INVESTMENT OBJECTIVE TARGET ALLOCATION

To provide investors a stable and optimum growth rate with high degree of 100% : Money Market Instruments
principal safety and low risk tolerance through investment in high quality IDR
money market instruments in Indonesia with maturity less than or equal to one
year.
FUND INFORMATION
Launch Date : 5 May 2006 Fund Size (million) : IDR 189,380.85
Launch Price : IDR 1,000.00 Fund Management Fee : 1.65% per annum
Unit Price (NAV) : IDR 1,869.29 Pricing Frequency : Daily
Risk Level : Low Benchmark : 3-Month IDR Avg Time Deposit (Net)

FUND PERFORMANCE
Fund Performance
Fund Annualised
1 Month 3 Months YTD 1 Year
3 Years 5 Years Since Inception
IDR Money Market 0.38% 1.16% 4.16% 4.16% 4.62% 5.15% 5.07%

Benchmark * 0.30% 0.86% 3.13% 3.13% 3.41% 3.74% 4.17%

* current benchmark is effective from 1 Dec 2010
1 Aug 2010 to 30 Nov 2010: Indonesia SBI 3M Auction Avg Yield (net)
Since inception to 31 Jul 2010: Indonesia SBI 1M Auction Avg Yield (net)
LAST 3 YEARS CUMULATIVE RETURN LAST 3 YEARS MONTHLY RETURN
Cummulative return Monthly return
30.00%
1.00%
25.00%
20.00%
0.50%
15.00%
10.00%
5.00% 0.00%
0.00%
-5.00% -0.50%
-10.00%
Dec-15

Aug-16

Dec-16

Aug-17

Dec-17

Aug-18

Dec-18
Apr-16

Oct-16

Apr-17

Oct-17

Apr-18

Oct-18
Jun-16

Jun-17

Jun-18
Feb-16

Feb-17

Feb-18

-1.00%
Apr-16

Aug-16
Sep-16
Oct-16

Apr-17

Aug-17
Sep-17
Oct-17

Apr-18

Aug-18
Sep-18
Oct-18
Jan-16

Jun-16

Jan-17

Jun-17

Jan-18

Jun-18
Dec-15

Jul-16

Nov-16
Dec-16

Jul-17

Nov-17
Dec-17

Jul-18

Nov-18
Dec-18
Feb-16

May-16

Feb-17

May-17

Feb-18

May-18
Mar-16

Mar-17

Mar-18

IDR Money Market Fund Benchmark

ASSET ALLOCATION SECTOR

ALOKASI ALLOCATION
SEKTOR TOP HOLDINGS
Mutual Fund MM 0.77% Bank Bukopin
Bond < 1 Year 26.74% Bank Danamon Syariah
Money Market TD + Cash 72.49% Bank Kesejahteraan Ekonomi
Instrument Bank Mayapada
100.00%
Bank Panin Syariah
Bank Syariah Bukopin
Bank Tabungan Pensiunan Nasional Syariah
Bond Series I PT Excelcomindo Pratama I -2018A
Bond Series III PT Tower Bersama Infr. Tbk II 2018
MTN Syariah Ijarah I Telkom-2018A
FUND MANAGER COMMENTARY
During December 2018, IDR Money Market Fund booked return of +0.38%. Inflation in November 2018 stood firm at 3.23% yoy (+0.27% mom), compared to the
previous month’s figure of 3.16% yoy (+0.28% mom). Bank Indonesia kept the 7-days Repo Rate unchanged at 6.00% as anticipated. The recent consolidation in
USD/IDR provides scope for BI to hold following its pre-emptive 25bp hike in November. Meanwhile, Banks increased their time deposit rates at the range of 7.25%-
9.50%.
DISCLAIMER: IDR Money Market Fund is an investment-linked fund offered by PT. AIA FINANCIAL. This document is prepared by PT. AIA FINANCIAL and solely for
informational use only. This document is not an offer for sale nor a solicitation of an offer to purchase. Investment in unit-link product contains risks including but not
limited to political risk, risk on changes in government decree or other government regulations, interest rate risk, liquidity risk, credit risk, equity risk and exchange rate
risk. The performances of the funds are not guaranteed; the unit price and the investment result may increase or decrease. Past performances do not constitute a
guarantee for future performance.
 FUND FACT SHEET

IDR DANA BERKAH FUND

PT. AIA FINANCIAL registered and supervised by the Financial Services Authority
31 December 2018
INVESTMENT MANAGER

Established in 15 July 1996, PT. AIA FINANCIAL (AIA) is one of the leading life insurance companies in Indonesia that registered and supervised by the Indonesian
Financial Services Authority. AIA in Indonesia is a subsidiary of the AIA Group. With experienced personnel, AIA's Investment team manages the investments of all
existing funds in accordance with its investment objectives and risk profile. AIA's Investment team has the profiency to identify economic conditions and investment
movements to generate competitive investment returns through a variety of financial instruments such as money market, bonds, shares and/or mutual funds.

INVESTMENT OBJECTIVE TARGET ALLOCATION

To provide investors a stable and optimum growth rate with high degree of 100% : Sharia money market instruments
principal safety and low risk tolerance through investment in high quality IDR
money market instruments in Indonesia with maturity less than or equal to one
year.
FUND INFORMATION
Launch Date : 5 May 2006 Fund Size (million) : IDR 10,990.54
Launch Price : IDR 1,000.00 Fund Management Fee : 1.65% per annum
Unit Price (NAV) : IDR 1,780.42 Pricing Frequency : Daily
Risk Level : Low Benchmark : 3-Month IDR Avg Time Deposit (Net)
FUND PERFORMANCE
Fund Performance
Fund Annualised
1 Month 3 Months YTD 1 Year
3 Years 5 Years Since Inception
IDR Dana Berkah 0.39% 1.09% 3.82% 3.82% 4.31% 5.00% 4.66%

Benchmark 0.30% 0.86% 3.13% 3.13% 3.41% 3.74% 4.09%

* current benchmark is effective from 1 Dec 2010
1 Aug 2010 to 30 Nov 2010: Indonesia SBI 3M Auction Avg Yield (net)
Since inception to 31 Jul 2010: Indonesia SBI 1M Auction Avg Yield (net)
LAST 3 YEARS CUMULATIVE RETURN LAST 3 YEARS MONTHLY RETURN
Cummulative return Monthly return
30.00%
1.00%
25.00%
20.00%
0.50%
15.00%
10.00%
5.00% 0.00%
0.00%
-5.00% -0.50%
-10.00%
Dec-15

Aug-16

Dec-16

Aug-17

Dec-17

Aug-18

Dec-18
Apr-16

Oct-16

Apr-17

Oct-17

Apr-18

Oct-18
Jun-16

Jun-17

Jun-18
Feb-16

Feb-17

Feb-18

-1.00%
Apr-16

Aug-16
Sep-16
Oct-16

Apr-17

Aug-17
Sep-17
Oct-17

Apr-18

Aug-18
Sep-18
Oct-18
Jan-16

Jun-16

Jan-17

Jun-17

Jan-18

Jun-18
Dec-15

Jul-16

Nov-16
Dec-16

Jul-17

Nov-17
Dec-17

Jul-18

Nov-18
Dec-18
Feb-16

May-16

Feb-17

May-17

Feb-18

May-18
Mar-16

Mar-17

Mar-18

IDR Dana Berkah Fund Benchmark

ASSET ALLOCATION SECTOR

ALOKASI ALLOCATION
SEKTOR TOP HOLDINGS
TD + Cash 100.00% Bank Central Asia Syariah
Bank Panin Syariah
Bank Syariah Bukopin
Bank Tabungan Negara Syariah
Money Market
Instrument
100.00%

FUND MANAGER COMMENTARY

During December 2018, IDR Dana Berkah Fund booked return of +0.39%. Inflation in November 2018 stood firm at 3.23% yoy (+0.27% mom), compared to the
previous month’s figure of 3.16% yoy (+0.28% mom). Bank Indonesia kept the 7-days Repo Rate unchanged at 6.00% as anticipated. The recent consolidation in
USD/IDR provides scope for BI to hold following its pre-emptive 25bp hike in November. Meanwhile, Sharia Banks increased their mudharabah rates at the range of
7.25%-9.25%.
DISCLAIMER: IDR Dana Berkah Fund is an Sharia investment-linked fund offered by PT. AIA FINANCIAL. This document is prepared by PT. AIA FINANCIAL and
solely for informational use only. This document is not an offer for sale nor a solicitation of an offer to purchase. Investment in Sharia unit-link product contains risks
including but not limited to political risk, risk on changes in government decree or other government regulations, risk on distribution on income / margin / fee, liquidity
risk, credit risk, equity risk and exchange rate risk. The performances of the funds are not guaranteed; the unit price and the investment result may increase or
decrease. Past performances do not constitute a guarantee for future performance.
 FUND FACT SHEET

IDR BALANCED FUND

PT. AIA FINANCIAL registered and supervised by the Financial Services Authority
31 December 2018
INVESTMENT MANAGER

Established in 15 July 1996, PT. AIA FINANCIAL (AIA) is one of the leading life insurance companies in Indonesia that registered and supervised by the Indonesian Financial
Services Authority. AIA in Indonesia is a subsidiary of the AIA Group. With experienced personnel, AIA's Investment team manages the investments of all existing funds in
accordance with its investment objectives and risk profile. AIA's Investment team has the profiency to identify economic conditions and investment movements to generate
competitive investment returns through a variety of financial instruments such as money market, bonds, shares and/or mutual funds.

INVESTMENT OBJECTIVE TARGET ALLOCATION

To achieve superior returns with moderate to high risk tolerance through investments in IDR 0% - 40% : Money Market Instruments
fixed income instruments issued by the Government of Indonesia, highly rated corporate 30% - 80% : IDR Fixed Income securities and/ or
bonds and listed stocks with diversified level of risk. Fixed Income Mutual Fund(s) incl. ETF
30% - 80% : Equities listed in IDX and/ or
Equity Mutual Fund(s) incl. ETF

FUND INFORMATION
Launch Date : 15 August 2008 Fund Size (million) : IDR 182,867.50
Launch Price : IDR 1,000.00 Fund Management Fee : 1.65% per annum
Unit Price (NAV) : IDR 2,000.90 Pricing Frequency : Daily
Risk Level : Moderate to High Benchmark : 50% MSCI Indonesia
50% Bloomberg Indonesia Local Sovereign Index
FUND PERFORMANCE
Fund Performance
Fund Annualised
1 Month 3 Months YTD 1 Year
3 Years 5 Years Since Inception
IDR Balanced 0.65% 4.42% -3.83% -3.83% 6.77% 6.31% 6.91%

Benchmark * 0.66% 3.76% -4.43% -4.43% 8.82% 6.66% 4.65%

* current benchmark is effective from 1 Jan 2018

1 May 2016 to 31 Dec 2017: 50.0% Jakarta Composite Index (Total Return) + 50.0% Bloomberg Indonesia Local Sovereign Index
1 Jul 2015 to 30 Apr 2016: 50.0% Jakarta Composite Index (Total Return) + 50.0% Customized HSBC Indonesia Local Currency Govt Bond TR (Net)
1 Mar 2013 to 30 Jun 2015: 50.0% Jakarta Composite Index (Total Return) + 50.0% Indonesia Deposit Rate Avg 3M IDR (Net)
1 Mar 2011 to 28 Feb 2013: 5% Jakarta Composite Index (Total Return) + 95% Indonesia Deposit Rate Avg 3 Months (Net)
Since Inception to 28 Feb 2010: 60% Jakarta Composite Index (Total Index) + 40% Customized HSBC Indonesia Local Currency Govt Bond TR (Net)
LAST 3 YEARS CUMULATIVE RETURN LAST 3 YEARS MONTHLY RETURN
Cummulative return Monthly return

55.00% 6.00%
45.00% 4.00%
35.00% 2.00%
25.00% 0.00%
15.00% -2.00%
5.00% -4.00%
-5.00% -6.00%
Dec-15

Dec-16

Dec-17

Dec-18
Oct-16

Oct-17

Oct-18
Apr-17

Apr-18
Apr-16

Jun-16

Aug-16

Jun-17

Aug-17

Jun-18

Aug-18
Feb-16

Feb-17

Feb-18

-8.00%
Dec-15

Nov-17
Dec-17

Nov-18
Oct-17
May-16

Aug-16
Sep-16

Nov-16
Dec-16
Oct-16

May-17

Aug-18
Sep-18
Oct-18

Dec-18
Apr-17

Aug-17
Sep-17

May-18
Jan-16

Apr-16

Mar-17
Mar-16

Jun-16

Jun-17

Jan-18

Apr-18
Mar-18

Jun-18
Jul-16

Jan-17

Jul-18
Jul-17
Feb-17

Feb-18
Feb-16

IDR Balanced Fund Benchmark

ASSET ALLOCATION SECTOR

ALOKASI ALLOCATION
SEKTOR TOP HOLDINGS
Consumer Discretionary 5.57% ABF Indonesia Bond Index ETF
Consumer Staples 8.24% Bank Bukopin
Energy 1.88% PT Astra International Tbk
Mutual Fund FI
45.76% Financials 21.03% PT Bank Central Asia Tbk
Health Care 0.30% PT Bank Mandiri Tbk
Industrials 0.65% PT Bank Negara Indonesia
Materials 2.59% PT Bank Rakyat Indonesia Tbk
Equity Real Estate 1.35% PT Telekomunikasi Indonesia Tbk
48.62%
Money Market Telecommunication Services 6.13% PT Unilever Indonesia Tbk
Instrument Utilities 0.87% SAM Sukuk Syariah Berkembang MF
5.62%
MF Fixed Income 45.76%
Bond < 1 Year 2.22%
TD + Cash 3.39%
FUND MANAGER COMMENTARY
In December 2018, IDR Balanced Fund booked performance of +0.65%. Indonesian Equity market performed positively despite global market correction which was driven by worry
on trade negotiations due to Huawei CFO arrest and less dovish Fed stance. While in the other hand, foreign funds reduced holdings of IDR government bonds slightly by IDR
7.3tn and Rupiah depreciated 0.62% MoM to IDR14,390/USD. Inflation in November 2018 stayed stable at 3.20% YoY (October 2018 at 3.16% YoY) as Clothing, Health,
Transportation, Housing, Water and Energy prices increased. Volatility will remain in Indonesia government bond market next month as investors will continue to watch the
progress of trade negotiation between US and China, US and China economic conditions, and upcoming election in Indonesia.

DISCLAIMER: IDR Balanced Fund is an investment-linked fund offered by PT. AIA FINANCIAL. This document is prepared by PT. AIA FINANCIAL and solely for informational use
only. This document is not an offer for sale nor a solicitation of an offer to purchase. Investment in unit-link product contains risks including but not limited to political risk, risk on
changes in government decree or other government regulations, interest rate risk, liquidity risk, credit risk, equity risk and exchange rate risk. The performances of the funds are
not guaranteed; the unit price and the investment result may increase or decrease. Past performances do not constitute a guarantee for future performance.
 FUND FACT SHEET

IDR CASH SYARIAH FUND

PT. AIA FINANCIAL registered and supervised by the Financial Services Authority
31 December 2018
INVESTMENT MANAGER

Established in 15 July 1996, PT. AIA FINANCIAL (AIA) is one of the leading life insurance companies in Indonesia that registered and supervised by the Indonesian
Financial Services Authority. AIA in Indonesia is a subsidiary of the AIA Group. With experienced personnel, AIA's Investment team manages the investments of all
existing funds in accordance with its investment objectives and risk profile. AIA's Investment team has the profiency to identify economic conditions and investment
movements to generate competitive investment returns through a variety of financial instruments such as money market, bonds, shares and/or mutual funds.

INVESTMENT OBJECTIVE TARGET ALLOCATION

To provide investors a stable and optimum growth rate with high degree of 100% : Sharia money market instruments
principal safety and low risk tolerance through investment in high quality IDR
money market instruments in Indonesia with maturity less than or equal to one
year.

FUND INFORMATION
Launch Date : 29 October 2009 Fund Size (million) : IDR 14,531.04
Launch Price : IDR 1,000.00 Fund Management Fee : 1.65% per annum
Unit Price (NAV) : IDR 1,465.85 Pricing Frequency : Daily
Risk Level : Low Benchmark : 3-Month IDR Avg Time Deposit (Net)

FUND PERFORMANCE
Fund Performance
Fund Annualised
1 Month 3 Months YTD 1 Year
3 Years 5 Years Since Inception
IDR Cash Syariah 0.35% 1.04% 3.93% 3.93% 4.36% 4.66% 4.26%

Benchmark * 0.30% 0.86% 3.13% 3.13% 3.41% 3.74% 3.50%

* current benchmark is effective from 1 Dec 2010

1 Aug 2010 to 30 Nov 2010: Indonesia SBI 3M Auction Avg Yield (net)
Since inception to 31 Jul 2010: Indonesia SBI 1M Auction Avg Yield (net)
LAST 3 YEARS CUMULATIVE RETURN LAST 3 YEARS MONTHLY RETURN
Cummulative return Monthly return
30.00%
1.00%
25.00%
20.00%
0.50%
15.00%
10.00%
5.00% 0.00%
0.00%
-5.00% -0.50%
-10.00%
Dec-15

Aug-16

Dec-16

Aug-17

Dec-17

Aug-18

Dec-18
Apr-16

Oct-16

Apr-17

Oct-17

Apr-18

Oct-18
Jun-16

Jun-17

Jun-18
Feb-16

Feb-17

Feb-18

-1.00%
Apr-16

Aug-16
Sep-16
Oct-16

Apr-17

Aug-17
Sep-17
Oct-17

Apr-18

Aug-18
Sep-18
Oct-18
Jan-16

Jun-16

Jan-17

Jun-17

Jan-18

Jun-18
Dec-15

Jul-16

Nov-16
Dec-16

Jul-17

Nov-17
Dec-17

Jul-18

Nov-18
Dec-18
Feb-16

May-16

Feb-17

May-17

Feb-18

May-18
Mar-16

Mar-17

Mar-18

IDR Cash Syariah Fund Benchmark

ASSET ALLOCATION SECTOR

ALOKASI ALLOCATION
SEKTOR TOP HOLDINGS
TD + Cash 100.00% Bank Bukopin Syariah
Bank Central Asia Syariah
Bank Jabar Syariah
Money Market Bank Muamalat
Instrument
100.00% Bank Panin Syariah
Bank Tabungan Negara Syariah
MTN Syariah Ijarah I Telkom-18A

FUND MANAGER COMMENTARY

During December 2018, IDR Cash Syariah Fund booked return of +0.35%. Inflation in November 2018 stood firm at 3.23% yoy (+0.27% mom), compared to the
previous month’s figure of 3.16% yoy (+0.28% mom). Bank Indonesia kept the 7-days Repo Rate unchanged at 6.00% as anticipated. The recent consolidation in
USD/IDR provides scope for BI to hold following its pre-emptive 25bp hike in November. Meanwhile, Sharia Banks increased their mudharabah rates at the range of
7.25%-9.25%.

DISCLAIMER: IDR Cash Syariah Fund is an Sharia investment-linked fund offered by PT. AIA FINANCIAL. This document is prepared by PT. AIA FINANCIAL and
solely for informational use only. This document is not an offer for sale nor a solicitation of an offer to purchase. Investment in Sharia unit-link product contains risks
including but not limited to political risk, risk on changes in government decree or other government regulations, risk on distribution on income / margin / fee, liquidity
risk, credit risk, equity risk and exchange rate risk. The performances of the funds are not guaranteed; the unit price and the investment result may increase or
decrease. Past performances do not constitute a guarantee for future performance.
 FUND FACT SHEET

IDR EQUITY SYARIAH FUND

PT. AIA FINANCIAL registered and supervised by the Financial Services Authority
31 December 2018
INVESTMENT MANAGER

Established in 15 July 1996, PT. AIA FINANCIAL (AIA) is one of the leading life insurance companies in Indonesia that registered and supervised by the Indonesian Financial
Services Authority. AIA in Indonesia is a subsidiary of the AIA Group. With experienced personnel, AIA's Investment team manages the investments of all existing funds in
accordance with its investment objectives and risk profile. AIA's Investment team has the profiency to identify economic conditions and investment movements to generate
competitive investment returns through a variety of financial instruments such as money market, bonds, shares and/or mutual funds.

INVESTMENT OBJECTIVE TARGET ALLOCATION

To provide investor with aggressive growth that aims to give superior long-term investment 0% - 20% : Sharia money morket instrument
returns with high risk tolerance through investments in a diversified portfolio of listed 80% - 100% : Equities listed in Sharia Securities List and/ or
companies in the Indonesia Stock Exchange (IDX). Sharia mutual funds incl. ETF

FUND INFORMATION
Launch Date : 25 June 2010 Fund Size (million) : IDR 4,692,953.11
Launch Price : IDR 1,000.00 Fund Management Fee : 2.10% per annum
Unit Price (NAV) : IDR 1,131.99 Pricing Frequency : Daily
Risk Level : High Benchmark : 98% Jakarta Islamic Index
2% 3-Month IDR Avg Time Deposit (Net)
FUND PERFORMANCE
Fund Performance
Fund Annualised
1 Month 3 Months YTD 1 Year
3 Years 5 Years Since Inception
IDR Equity Syariah 2.06% 2.22% -9.86% -9.86% 2.68% 1.22% 1.47%

Benchmark * 3.27% 3.08% -8.74% -8.74% 4.68% 3.72% 5.10%

* current benchmark is effective from 1 Apr 2014

Since inception to 31 Mar 2014: Jakarta Islamic Index (Total Return)
LAST 3 YEARS CUMULATIVE RETURN LAST 3 YEARS MONTHLY RETURN
Cummulative return Monthly return
45.00%
8.00%
35.00% 6.00%
4.00%
25.00% 2.00%
0.00%
15.00%
-2.00%
5.00% -4.00%
-6.00%
-5.00% -8.00%
Apr-16

Dec-16
Dec-15

Apr-17

Dec-17

Apr-18

Dec-18
Jun-16

Jun-17

Oct-17

Jun-18
Feb-16

Feb-17

Aug-18
Aug-16

Oct-16

Aug-17

Feb-18

Oct-18

-10.00%
Aug-17

Aug-18
Sep-18
Aug-16
Sep-16
Oct-16

Sep-17
Oct-17

Oct-18
Apr-16

Apr-17

Apr-18
Dec-15
Jan-16

May-16
Jun-16

Dec-16
Jan-17
Nov-16

May-17
Jun-17

Jan-18
Nov-17
Dec-17

May-18
Jun-18

Nov-18
Dec-18
Mar-16

Mar-17

Mar-18
Jul-17
Feb-16

Jul-16

Feb-17

Feb-18

Jul-18
IDR Equity Syariah Fund Benchmark

ASSET ALLOCATION SECTOR

ALOKASI ALLOCATION
SEKTOR TOP HOLDINGS
Consumer Discretionary 15.34% PT Astra Internasional Indonesia Tbk
Consumer Staples 26.80% PT Chandra Asri Petrochemical TBK
Energy 9.51% PT Indocement Tunggal Prakasa
Financials 0.54% PT Indofood CBP Sukses Makmur Tbk
Equity
97.17% Health Care 2.60% PT Indofood Sukses Makmur Tbk
Industrials 3.02% PT Perusahaan Gas Negara Tbk
Materials 13.32% PT Semen Indonesia TBK
Real Estate 3.82% PT Telekomunikasi Indonesia Tbk
Telecommunication Services 19.47% PT Unilever Indonesia Tbk
Money Market Utilities 2.76% PT United Tractors Tbk
Instrument 0.06%
MF Money Market
2.83%
TD + Cash 2.77%

FUND MANAGER COMMENTARY

In December 2018, IDR Equity Syariah booked performance of +2.06% mom, in line with JII (+3.4% mom). By sector, inside JII, Consumer Staples was the largest positive
contributors (+2.7% contribution) while Consumer Discretionary become the largest negative contributors (-0.5% contribution). Despite global market correction which was
driven by worry on trade negotiations due to Huawei CFO arrest and less dovish Fed stance, Indonesian market performed positively. BI maintained benchmark rate at 6.0%.
Full year 2018 inflation remained under control at 3.13% yoy. While November trade data reached unexpeced huge deficit at USD 2.05bn. Going forward, Indonesia Equity
market will continue to depend on domestic economy development, USD/IDR currency movement and global risks’ dynamics.

DISCLAIMER: IDR Equity Syariah Fund is an Sharia investment-linked fund offered by PT. AIA FINANCIAL. This document is prepared by PT. AIA FINANCIAL and solely
for informational use only. This document is not an offer for sale nor a solicitation of an offer to purchase. Investment in Sharia unit-link product contains risks including but
not limited to political risk, risk on changes in government decree or other government regulations, risk on distribution on income / margin / fee, liquidity risk, credit risk, equity
risk and exchange rate risk. The performances of the funds are not guaranteed; the unit price and the investment result may increase or decrease. Past performances do not
constitute a guarantee for future performance.
 FUND FACT SHEET

IDR BALANCED SYARIAH FUND

PT. AIA FINANCIAL registered and supervised by the Financial Services Authority
31 December 2018
INVESTMENT MANAGER

Established in 15 July 1996, PT. AIA FINANCIAL (AIA) is one of the leading life insurance companies in Indonesia that registered and supervised by the Indonesian Financial
Services Authority. AIA in Indonesia is a subsidiary of the AIA Group. With experienced personnel, AIA's Investment team manages the investments of all existing funds in
accordance with its investment objectives and risk profile. AIA's Investment team has the profiency to identify economic conditions and investment movements to generate
competitive investment returns through a variety of financial instruments such as money market, bonds, shares and/or mutual funds.

INVESTMENT OBJECTIVE TARGET ALLOCATION

To achieve superior returns with moderate to high risk tolerance through investments in IDR 0% - 40% : Sharia Money Market Instruments
fixed income instruments issued by the Government of Indonesia, highly rated corporate 30% - 80% : IDR Sharia Fixed Income securities and/ or
bonds and stocks listed in Sharia Securities List with diversified level of risk. Sharia Fixed Income Mutual Fund(s) incl. ETF
30% - 80% : Equities listed in Sharia Securities List and/ or
Sharia Mutual Fund(s) incl. ETF

FUND INFORMATION
Launch Date : 25 June 2010 Fund Size (million) : IDR 1,735,149.68
Launch Price : IDR 1,000.00 Fund Management Fee : 1.85% per annum
Unit Price (NAV) : IDR 1,523.28 Pricing Frequency : Daily
Risk Level : Moderate to High Benchmark : 50% Jakarta Islamic Index
50% 3-Month IDR Avg Time Deposit (Net)
FUND PERFORMANCE
Fund Performance
Fund Annualised
1 Month 3 Months YTD 1 Year
3 Years 5 Years Since Inception
IDR Balanced Syariah 1.13% 2.07% -7.10% -7.10% 5.03% 4.78% 5.07%

Benchmark * 1.82% 2.01% -2.92% -2.92% 4.24% 3.93% 5.15%

* current benchmark is effective from 1 Mar 2013

10 Dec 2010 to 28 Feb 2013: 50% Jakarta Islamic Index (Total Return) + 50% SBI Syariah (net)
Since inception to 9 Dec 2010: 100% Jakarta Islamic Index (Total Return)
LAST 3 YEARS CUMULATIVE RETURN LAST 3 YEARS MONTHLY RETURN
Cummulative return Monthly return

45.00% 8.00%
6.00%
35.00%
4.00%
25.00% 2.00%
15.00% 0.00%
-2.00%
5.00%
-4.00%
-5.00% -6.00%
Oct-16

Oct-17

Oct-18
Apr-16

Dec-16

Apr-17

Dec-17

Apr-18

Dec-18
Dec-15

Jun-16

Aug-16

Jun-17

Aug-17

Jun-18

Aug-18
Feb-17

Feb-18
Feb-16

-8.00%
Oct-16

Oct-17

Aug-18
Sep-18
Oct-18
Aug-16
Sep-16

Aug-17
Sep-17

Apr-18
Jun-18

Nov-18
Dec-18
Dec-15
Jan-16

Apr-16
Jun-16

Nov-16
Dec-16
Jan-17

Apr-17
Jun-17

Nov-17
Dec-17
Jan-18
May-16

May-17

May-18
Feb-18
Mar-18
Feb-16
Mar-16

Feb-17
Mar-17

Jul-18
Jul-16

Jul-17

IDR Balanced Syariah Fund Benchmark

ASSET ALLOCATION SECTOR

ALOKASI ALLOCATION
SEKTOR TOP HOLDINGS
Consumer Discretionary 7.56% Bahana Sukuk Syariah MF
Consumer Staples 13.36% Premier Fixed Income Syariah MF
Energy 5.15% PT Chandra Asri Petrochemical Tbk
Mutual Fund FI
43.11% Financials 0.26% PT Astra International Tbk
Health Care 1.05% PT Indofood CBP Sukses Makmur Tbk
Industrials 1.57% PT Telekomunikasi Indonesia Tbk
Materials 6.88% PT Unilever Indonesia Tbk
Equity
49.80% Money Market Real Estate 2.39% PT United Tractors Tbk
Instrument
Telecommunication Services 9.98% Sam Sukuk Syariah Berkembang MF
5.77%
Corporate Bond Utilities 1.59% Sukuk Ijarah Series II PT Excelcomindo I -2018A
1.33%
Telecommunication Services 1.33%
MF Fixed Income 43.11%
Bond < 1 Year 1.91%
TD + Cash 3.86%

FUND MANAGER COMMENTARY

In December 2018, IDR Balanced Syariah Fund booked performance of +1.13%. Indonesian Equity market performed positively despite global market correction which was
driven by worry on trade negotiations due to Huawei CFO arrest and less dovish Fed stance. While in the other hand, foreign funds reduced holdings of IDR government
bonds slightly by IDR 7.3tn and Rupiah depreciated 0.62% MoM to IDR14,390/USD. Inflation in November 2018 stayed stable at 3.20% YoY (October 2018 at 3.16% YoY) as
Clothing, Health, Transportation, Housing, Water and Energy prices increased. Volatility will remain in Indonesia government bond market next month as investors will
continue to watch the progress of trade negotiation between US and China, US and China economic conditions, and upcoming election in Indonesia.

DISCLAIMER: IDR Balanced Syariah Fund is an Sharia investment-linked fund offered by PT. AIA FINANCIAL. This document is prepared by PT. AIA FINANCIAL and solely
for informational use only. This document is not an offer for sale nor a solicitation of an offer to purchase. Investment in Sharia unit-link product contains risks including but not
limited to political risk, risk on changes in government decree or other government regulations, risk on distribution on income / margin / fee, liquidity risk, credit risk, equity risk
and exchange rate risk. The performances of the funds are not guaranteed; the unit price and the investment result may increase or decrease. Past performances do not
constitute a guarantee for future performance.
 FUND FACT SHEET

IDR CHINA INDIA INDONESIA EQUITY FUND

PT. AIA FINANCIAL registered and supervised by the Financial Services Authority
31 December 2018
INVESTMENT MANAGER

Established in 15 July 1996, PT. AIA FINANCIAL (AIA) is one of the leading life insurance companies in Indonesia that registered and supervised by the Indonesian Financial
Services Authority. AIA in Indonesia is a subsidiary of the AIA Group. With experienced personnel, AIA's Investment team manages the investments of all existing funds in
accordance with its investment objectives and risk profile. AIA's Investment team has the profiency to identify economic conditions and investment movements to generate
competitive investment returns through a variety of financial instruments such as money market, bonds, shares and/or mutual funds.

INVESTMENT OBJECTIVE TARGET ALLOCATION

To provide investor with long-term capital appreciation with high risk tolerance by investing 0% - 20% : Money Market Instruments
primarily in a managed portfolio of shares issued by companies with economic exposure to 8 - 100% : Equity instruments in Indonesia Stock Exchange inlc. ETF
China, India and Indonesia, with an Indonesia bias. 0% - 25% : Equity instruments in Hongkong Stock Exchange incl. ETF
0% - 25% : Equity instruments in National Stock Exc. of India incl. ETF
FUND INFORMATION
Launch Date : 06 January 2011 Fund Size (million) : IDR 5,423,694.20
Launch Price : IDR 1,000.00 Fund Management Fee : 2.00% per annum
Unit Price (NAV) : IDR 1,806.10 Pricing Frequency : Daily
Risk Level : High Benchmark : 70% MSCI Indonesia Index
15% MSCI China + 15% MSCI India Index
FUND PERFORMANCE
Fund Performance
Fund Annualised
1 Month 3 Months YTD 1 Year
3 Years 5 Years Since Inception
IDR China-India-
0.32% 2.35% -5.85% -5.85% 8.79% 6.86% 7.69%
Indonesia Equity

Benchmark * 0.04% 1.20% -6.62% -6.62% 8.94% 7.93% 6.24%

* current benchmark is effective since 1 Jan 2018

Since inception to 31 Dec 2017: 80% MSCI Indonesia Index + 10% MSCI China + 10% MSCI India Index
LAST 3 YEARS CUMULATIVE RETURN LAST 3 YEARS MONTHLY RETURN
Cummulative return Monthly return
65.00%
8.00%
55.00% 6.00%
45.00% 4.00%
35.00% 2.00%
25.00% 0.00%
15.00% -2.00%
5.00% -4.00%
-5.00% -6.00%
Oct-18
Oct-16

Oct-17
Dec-15

Dec-16

Apr-17

Dec-18
Apr-16

Dec-17

Apr-18
Jun-17

Aug-17

Jun-18

Aug-18
Jun-16

Aug-16
Feb-16

Feb-17

Feb-18

-8.00%
Oct-16

Oct-17

Aug-18
Sep-18
Oct-18
Aug-16
Sep-16

Aug-17
Sep-17

Apr-18
Jun-18

Nov-18
Dec-18
Dec-15
Jan-16

Apr-16
Jun-16

Nov-16
Dec-16
Jan-17

Apr-17
Jun-17

Nov-17
Dec-17
Jan-18
May-16

May-17

May-18
Feb-18
Mar-18
Feb-16
Mar-16

Feb-17
Mar-17

Jul-18
Jul-16

Jul-17

IDR CII Equity Fund Benchmark

ASSET ALLOCATION SECTOR

ALOKASI ALLOCATION
SEKTOR TOP HOLDINGS
Consumer Discretionary 8.88% PT Astra International Tbk
Consumer Staples 13.22% PT Bank Central Asia Tbk
Energy 5.07% PT Bank Mandiri Tbk
Equity Financials 37.93% PT Bank Negara Indonesia
92.91%
Health Care 2.00% PT Bank Rakyat Indonesia Tbk
Industrials 2.46% PT Charoen Pokphand Indonesia Tbk
Information Technology 2.65% PT Gudang Garam Tbk
Materials 5.44% PT Telekomunikasi Indonesia Tbk
Money Market Real Estate 2.13% PT Unilever Indonesia Tbk
Instrument
7.09% Telecommunication Services 11.69% Tencent Holdings Ltd
Utilities 1.45%
MF Money Market 2.42%
TD + Cash 4.67%

FUND MANAGER COMMENTARY

During December 2018, IDR China India Indonesia Equity Fund booked performance of +0.32%, in line with mixed movement of the three underlying markets in IDR (MSCI
Indonesia +1.3% mom, MSCI China -5.5% mom, MSCI India +1.1% mom) amid global market correction, driven by worry on trade negotiations due to Huawei CFO arrest and
less dovish Fed stance. Going forward, China, India, and Indonesia equities will continue to depend on economic development, currency’s stability, and global risks’ dynamics.

DISCLAIMER: IDR China-India-Indonesia Equity Fund is an investment-linked fund offered by PT. AIA FINANCIAL. This document is prepared by PT. AIA FINANCIAL and
solely for informational use only. This document is not an offer for sale nor a solicitation of an offer to purchase. Investment in unit-link product contains risks including but not
limited to political risk, risk on changes in government decree or other government regulations, interest rate risk, liquidity risk, credit risk, equity risk and exchange rate risk.
The performances of the funds are not guaranteed; the unit price and the investment result may increase or decrease. Past performances do not constitute a guarantee for
future performance.
 FUND FACT SHEET

IDR PRIME EQUITY FUND

PT. AIA FINANCIAL registered and supervised by the Financial Services Authority
31 December 2018
INVESTMENT MANAGER

Established in 15 July 1996, PT. AIA FINANCIAL (AIA) is one of the leading life insurance companies in Indonesia that registered and supervised by the Indonesian
Financial Services Authority. AIA in Indonesia is a subsidiary of the AIA Group. With experienced personnel, AIA's Investment team manages the investments of all
existing funds in accordance with its investment objectives and risk profile. AIA's Investment team has the profiency to identify economic conditions and investment
movements to generate competitive investment returns through a variety of financial instruments such as money market, bonds, shares and/or mutual funds.

INVESTMENT OBJECTIVE TARGET ALLOCATION

To provide investor with aggressive growth that aims to give superior long-term 0% - 20% : Money Market Instruments
investment returns with high risk tolerance through investments in a diversified 80% - 100% : Equity Mutual Funds
portfolio of listed companies in the Indonesia Stock Exchange (IDX) through
mutual funds investment selection.

FUND INFORMATION
Launch Date : 08 October 2014 Fund Size (million) : IDR 720,680.59
Launch Price : IDR 1,000.00 Fund Management Fee : 1.00% per annum
Unit Price (NAV) : IDR 1,136.85 Pricing Frequency : Daily
Risk Level : High Benchmark : 90% Jakarta Composite Index
10% 3-Month IDR Avg Time Deposit (Net)
FUND PERFORMANCE
Fund Performance
Fund Annualised
1 Month 3 Months YTD 1 Year
3 Years 5 Years Since Inception
IDR Prime Equity Fund 0.53% 1.71% -6.95% -6.95% 5.32% N/A 3.08%

Benchmark * 2.07% 3.42% -0.70% -0.70% 10.99% N/A 6.35%

* current benchmark is effective since inception

LAST 3 YEARS CUMULATIVE RETURN LAST 3 YEARS MONTHLY RETURN
Cummulative return Monthly return
65.00%
8.00%
55.00%
6.00%
45.00%
4.00%
35.00%
2.00%
25.00%
15.00% 0.00%
5.00% -2.00%
-5.00% -4.00%
-15.00% -6.00%
Feb-16

Feb-17

Feb-18
Apr-16

Apr-17

Apr-18
Dec-16

Dec-17
Dec-15

Jun-16

Aug-16

Dec-18
Oct-16

Jun-17

Oct-17
Aug-17

Jun-18

Aug-18

Oct-18

-8.00%
Aug-16
Sep-16

Aug-17
Sep-17

Aug-18
Sep-18
Dec-15

Oct-16
Nov-16
Dec-16

Oct-17
Nov-17
Dec-17

Oct-18
Nov-18
Dec-18
Feb-16

May-16

Feb-17

May-17

Feb-18
Apr-16

Apr-17

Apr-18
May-18
Jan-16

Jun-16

Jan-17

Jun-17

Jan-18

Jun-18
Jul-16

Mar-17

Jul-17

Mar-18

Jul-18
Mar-16

IDR Prime Equity Fund Benchmark

ASSET ALLOCATION PORTFOLIO ALLOCATION

Schroder Dana Istimewa 50.03%
Schroder Dana Prestasi 49.97%
Mutual Fund EQ, TD + Cash 0.00%
100.00%

FUND MANAGER COMMENTARY

In December 2018, IDR Prime Equity booked performance of +0.53% mom, in line with JCI (+2.28% mom). By sector, inside JCI, Consumer Staples was the largest
positive contributors (+1.26% contribution) while Consumer Discretionary become the largest negative contributors (-0.2% contribution). Despite global market
correction which was driven by worry on trade negotiations due to Huawei CFO arrest and less dovish Fed stance, Indonesian market performed positively. BI
maintained benchmark rate at 6.0%. Full year 2018 inflation remained under control at 3.13% yoy. While November trade data reached unexpeced huge deficit at
USD 2.05bn. Going forward, Indonesia Equity market will continue to depend on domestic economy development, USD/IDR currency movement and global risks’
dynamics.

DISCLAIMER: IDR Prime Equity Fund is an investment-linked fund offered by PT. AIA FINANCIAL. This document is prepared by PT. AIA FINANCIAL and solely
for informational use only. This document is not an offer for sale nor a solicitation of an offer to purchase. Investment in unit-link product contains risks including but
not limited to political risk, risk on changes in government decree or other government regulations, interest rate risk, liquidity risk, credit risk, equity risk and
exchange rate risk. The performances of the funds are not guaranteed; the unit price and the investment result may increase or decrease. Past performances do
not constitute a guarantee for future performance.
 FUND FACT SHEET

IDR PRIME FIXED INCOME FUND

PT. AIA FINANCIAL registered and supervised by the Financial Services Authority
31 December 2018
INVESTMENT MANAGER

Established in 15 July 1996, PT. AIA FINANCIAL (AIA) is one of the leading life insurance companies in Indonesia that registered and supervised by the Indonesian
Financial Services Authority. AIA in Indonesia is a subsidiary of the AIA Group. With experienced personnel, AIA's Investment team manages the investments of all
existing funds in accordance with its investment objectives and risk profile. AIA's Investment team has the profiency to identify economic conditions and investment
movements to generate competitive investment returns through a variety of financial instruments such as money market, bonds, shares and/or mutual funds.

INVESTMENT OBJECTIVE TARGET ALLOCATION

To achieve superior returns with moderate to high risk tolerance through 0% - 15% : Money Market Instruments
investments in IDR fixed income instruments issued by the Government of 85% - 100% : IDR Fixed Income mutual fund(s)
Indonesia and a highly rated corporate bonds with moderate risk tolerance
through high quality IDR mutual funds selection.

FUND INFORMATION
Launch Date : 21 October 2014 Fund Size (million) : IDR 88,885.86
Launch Price : IDR 1,000.00 Fund Management Fee : 0.60% per annum
Unit Price (NAV) : IDR 1,261.34 Pricing Frequency : Daily
Risk Level : Moderate Benchmark : 85% Bloomberg Indonesia Lcl Sov. Index
15% 3-Month IDR Avg Time Deposit (Net)
Fund Duration : 4.86 Benchmark Duration : 5.1
FUND PERFORMANCE
Fund Performance
Fund Annualised
1 Month 3 Months YTD 1 Year
3 Years 5 Years Since Inception

IDR Prime Fixed Income -0.12% 2.82% -1.88% -1.88% 7.16% N/A 5.69%

Benchmark * 0.19% 2.20% -1.71% -1.71% 7.89% N/A 6.79%

* current benchmark is effective since 1 May 2016

21 Oct 2014 to 30 Apr 2016: 85% HSBC Indonesia Local Currency Govt Bond (Net) + 15% Indonesia Deposit Rate Avg 3M IDR (Net)
LAST 3 YEARS CUMULATIVE RETURN LAST 3 YEARS MONTHLY RETURN
Cummulative return Monthly return
40.00% 6.00%
35.00%
30.00% 4.00%
25.00%
2.00%
20.00%
15.00% 0.00%
10.00%
-2.00%
5.00%
0.00% -4.00%
Feb-16

Feb-17

Feb-18
Jun-16

Jun-17

Jun-18
Dec-15

Apr-16

Aug-16

Oct-16

Dec-16

Apr-17

Aug-17

Oct-17

Dec-17

Apr-18

Aug-18

Oct-18

Dec-18

-6.00%
Apr-16

Aug-16
Sep-16
Oct-16

Apr-17

Aug-17
Sep-17
Oct-17

Apr-18

Aug-18
Sep-18
Oct-18
Jan-16

Jun-16

Jan-17

Jun-17

Jan-18

Jun-18
Dec-15

Nov-16
Dec-16

Nov-17
Dec-17

Nov-18
Dec-18
Feb-16

May-16

Feb-17

May-17

Feb-18

May-18
Mar-16

Mar-17

Mar-18
Jul-16

Jul-17

Jul-18

IDR Prime Fixed Income Fund Benchmark

ASSET ALLOCATION PORTFOLIO ALLOCATION

Schroder Dana Mantap Plus II MF 54.85%
BNP Paribas Prima II MF 32.32%
TD + Cash 12.83%
Mutual Fund FI, 87.17%

Money Market
Instrument,
12.83%

FUND MANAGER COMMENTARY

IDR Prime Fixed Income Fund recorded performance of -0.12% in December 2018, as foreign funds reduced holdings of IDR government bonds slightly by IDR 7.3tn
and Rupiah depreciated 0.62% MoM to IDR14,390/USD. Inflation in November 2018 stayed stable at 3.20% YoY (October 2018 at 3.16% YoY) as Clothing, Health,
Transportation, Housing, Water and Energy prices increased. Volatility will remain in Indonesia government bond market next month as investors will continue to watch
the progress of trade negotiation between US and China, US and China economic conditions, and upcoming election in Indonesia.

DISCLAIMER: IDR Prime Fixed Income Fund is an investment-linked fund offered by PT. AIA FINANCIAL. This document is prepared by PT. AIA FINANCIAL and
solely for informational use only. This document is not an offer for sale nor a solicitation of an offer to purchase. Investment in unit-link product contains risks including
but not limited to political risk, risk on changes in government decree or other government regulations, interest rate risk, liquidity risk, credit risk, equity risk and
exchange rate risk. The performances of the funds are not guaranteed; the unit price and the investment result may increase or decrease. Past performances do not
constitute a guarantee for future performance.
 FUND FACT SHEET

IDR GROWTH EQUITY SYARIAH FUND

PT. AIA FINANCIAL registered and supervised by the Financial Services Authority
31 December 2018
INVESTMENT MANAGER

Established in 15 July 1996, PT. AIA FINANCIAL (AIA) is one of the leading life insurance companies in Indonesia that registered and supervised by the Indonesian Financial
Services Authority. AIA in Indonesia is a subsidiary of the AIA Group. With experienced personnel, AIA's Investment team manages the investments of all existing funds in
accordance with its investment objectives and risk profile. AIA's Investment team has the profiency to identify economic conditions and investment movements to generate
competitive investment returns through a variety of financial instruments such as money market, bonds, shares and/or mutual funds.

INVESTMENT OBJECTIVE TARGET ALLOCATION

To provide investor with aggressive growth that aims to give superior long-term investment 0% - 20% : Sharia money morket instrument
returns with high risk tolerance through investments in a diversified portfolio of listed 80% - 100% : Equities listed in Sharia Securities List and/ or
companies in the Indonesia Sharia Index. Sharia mutual funds

FUND INFORMATION
Launch Date : 10 June 2015 Fund Size (million) : IDR 63,519.68
Launch Price : IDR 1,000.00 Fund Management Fee : 2.10% per annum
Unit Price (NAV) : IDR 1,003.63 Pricing Frequency : Daily
Risk Level : High Benchmark : 98% Indonesia Sharia Index
2% 3-Month IDR Avg Time Deposit (Net)

FUND PERFORMANCE
Fund Performance
Fund Annualised
1 Month 3 Months YTD 1 Year
3 Years 5 Years Since Inception
IDR Growth Equity
2.25% 2.92% -6.22% -6.22% 3.33% N/A 0.10%
Syariah
Benchmark * 3.08% 3.20% -2.56% -2.56% 8.22% N/A 4.01%

* current benchmark is effective since inception

LAST 3 YEARS CUMULATIVE RETURN LAST 3 YEARS MONTHLY RETURN
Cummulative return Monthly return
35.00%
8.00%
25.00% 6.00%
4.00%
15.00% 2.00%
0.00%
5.00%
-2.00%
-5.00% -4.00%
-6.00%
-15.00% -8.00%
Jun-16

Aug-16

Aug-17

Jun-18
Oct-17

Aug-18

Oct-18
Apr-17
Apr-16

Oct-16

Jun-17

Apr-18
Dec-16

Dec-17
Dec-15

Dec-18
Feb-16

Feb-18
Feb-17

-10.00%
Jan-16

Jun-16
Aug-16
Sep-16

Aug-17
Sep-17

Jan-18

Jun-18
Aug-18
Sep-18
Oct-17
Apr-16

Oct-16

Jan-17

Apr-17
May-17
Jun-17

Apr-18

Oct-18
Mar-16
May-16

Mar-18
May-18
Mar-17
Dec-15

Nov-16
Dec-16

Jul-17

Dec-17

Nov-18
Jul-16

Nov-17
Feb-17

Jul-18

Dec-18
Feb-16

Feb-18

IDR Growth Equity Syariah Fund Benchmark

ASSET ALLOCATION SECTOR

ALOKASI ALLOCATION
SEKTOR TOP HOLDINGS
Consumer Discretionary 14.35% Bank Bukopin Syariah
Consumer Staples 24.83% Bank Tabungan Negara Syariah
Energy 6.02% PT Astra Internasional Tbk
Financials 1.29% PT Charoen Pokphand Indonesia Tbk
Equity, Health Care 1.38% PT Indofood CBP Sukses Makmur Tbk
81.52%
Money Market Industrials 2.30% PT Indofood Sukses Makmur Tbk
Instrument, Materials 9.64% PT Semen Indonesia Persero Tbk
18.48%
Real Estate 5.56% PT Telekomunikasi Indonesia Tbk
Telecommunication Services 13.90% PT Unilever Indonesia Tbk
Utilities 2.24% PT United Tractors Tbk
TD + Cash 18.48%

FUND MANAGER COMMENTARY

In December 2018, IDR Growth Equity Syariah booked performance of +2.25% mom, in line with ISSI (+3.2% mom). By sector, inside ISSI, Consumer Staples was the largest
positive contributors (+2% contribution) while Consumer Discretionary become the largest negative contributors (-0.26% contribution). Despite global market correction which was
driven by worry on trade negotiations due to Huawei CFO arrest and less dovish Fed stance, Indonesian market performed positively. BI maintained benchmark rate at 6.0%. Full
year 2018 inflation remained under control at 3.13% yoy. While November trade data reached unexpeced huge deficit at USD2.05bn. Going forward, Indonesia Equity market will
continue to depend on domestic economy development, USD/IDR currency movement and global risks’ dynamics.

DISCLAIMER: IDR Growth Equity Syariah Fund is an Sharia investment-linked fund offered by PT. AIA FINANCIAL. This document is prepared by PT. AIA FINANCIAL and solely
for informational use only. This document is not an offer for sale nor a solicitation of an offer to purchase. Investment in Sharia unit-link product contains risks including but not
limited to political risk, risk on changes in government decree or other government regulations, risk on distribution on income / margin / fee, liquidity risk, credit risk, equity risk
and exchange rate risk. The performances of the funds are not guaranteed; the unit price and the investment result may increase or decrease. Past performances do not
constitute a guarantee for future performance.
 FUND FACT SHEET

IDR DYNAMIC SYARIAH FUND

PT. AIA FINANCIAL registered and supervised by the Financial Services Authority
31 December 2018
INVESTMENT MANAGER

Established in 15 July 1996, PT. AIA FINANCIAL (AIA) is one of the leading life insurance companies in Indonesia that registered and supervised by the Indonesian Financial
Services Authority. AIA in Indonesia is a subsidiary of the AIA Group. With experienced personnel, AIA's Investment team manages the investments of all existing funds in
accordance with its investment objectives and risk profile. AIA's Investment team has the profiency to identify economic conditions and investment movements to generate
competitive investment returns through a variety of financial instruments such as money market, bonds, shares and/or mutual funds.

INVESTMENT OBJECTIVE TARGET ALLOCATION

To achieve superior returns with moderate to high risk tolerance through investments in IDR 0% - 40% : Sharia Money Market Instruments
fixed income instruments issued by the Government of Indonesia, highly rated corporate 30% - 80% : IDR Sharia Fixed Income securities and/ or
bonds and stocks listed in Sharia Securities List with diversified level of risk. : Sharia Fixed Income Mutual Fund(s) incl. ETF
30% - 80% : Equities listed in Sharia Securities List and/ or
Sharia Mutual Fund(s) incl. ETF

FUND INFORMATION
Launch Date : 10 June 2015 Fund Size (million) : IDR 56,080.89
Launch Price : IDR 1,000.00 Fund Management Fee : 1.85% per annum
Unit Price (NAV) : IDR 1,064.73 Pricing Frequency : Daily
Risk Level : Moderate to High Benchmark : 50% Indonesia Sharia Index
50% 3-Month IDR Avg Time Deposit (Net)

FUND PERFORMANCE
Fund Performance
Fund Annualised
1 Month 3 Months YTD 1 Year
3 Years 5 Years Since Inception
IDR Dyanamic Syariah 1.16% 3.00% -5.30% -5.30% 4.51% N/A 1.78%

Benchmark * 1.72% 2.08% 0.33% 0.33% 5.98% N/A 3.91%

* current benchmark is effective since inception

LAST 3 YEARS CUMULATIVE RETURN LAST 3 YEARS MONTHLY RETURN
Cummulative return Monthly return
35.00%
7.00%
25.00% 5.00%

15.00% 3.00%
1.00%
5.00%
-1.00%
-5.00% -3.00%
-15.00% -5.00%
Oct-16

Oct-17

Oct-18
Apr-16

Aug-16

Apr-17

Aug-17

Aug-18
Dec-15

Dec-16

Dec-17

Apr-18

Dec-18
Jun-16

Jun-17

Jun-18
Feb-16

Feb-17

Feb-18

-7.00%
Sep-16

Aug-17
Aug-16

Sep-17

Aug-18
Sep-18
Oct-16

Oct-17

Oct-18
Jan-16

Apr-16
Jun-16

Dec-16

Jun-17

Nov-17
Jan-18

Apr-18

Dec-18
Dec-15

Nov-16
Jan-17
May-16

Feb-17
Apr-17
May-17

Dec-17
Feb-18

Jun-18

Nov-18
May-18
Feb-16

Mar-17
Mar-16

Jul-16

Mar-18

Jul-18
Jul-17

IDR Dynamic Syariah Fund Benchmark

ASSET ALLOCATION SECTOR

ALOKASI ALLOCATION
SEKTOR TOP HOLDINGS
Consumer Discretionary 8.70% Bahana Sukuk Syariah MF
Consumer Staples 14.58% Bank Bukopin Syariah
Energy 3.46% MTN Syariah Ijarah I Telkom-18B
Mutual Fund FI, Financials 0.58% Premier Fixed Income Syariah MF
41.61% Health Care 0.71% PT Astra Internasional Tbk
Money Market
Instrument, Industrials 1.79% PT Indofood CBP Sukses Makmur Tbk
6.32% Materials 5.02% PT Telekomunikasi Indonesia Tbk
Real Estate 4.70% PT Unilever Indonesia Tbk
Equity,
48.49% Telecommunication Services 7.68% Sam Sukuk Syariah Berkembang MF
Corp. Bond, Utilities 1.26% Sukuk Ijarah II PT Excelcomindo I 2018A
3.58%
Telecommunication Services 3.58%
MF Fixed Income 41.61%
Bond < 1 Year 2.72%
TD + Cash 3.59%

FUND MANAGER COMMENTARY

In December 2018, IDR Dynamic Syariah Fund booked performance of +1.16%. Indonesian Equity market performed positively despite global market correction which was
driven by worry on trade negotiations due to Huawei CFO arrest and less dovish Fed stance. While in the other hand, foreign funds reduced holdings of IDR government bonds
slightly by IDR 7.3tn and Rupiah depreciated 0.62% MoM to IDR14,390/USD. Inflation in November 2018 stayed stable at 3.20% YoY (October 2018 at 3.16% YoY) as Clothing,
Health, Transportation, Housing, Water and Energy prices increased. Volatility will remain in Indonesia government bond market next month as investors will continue to watch
the progress of trade negotiation between US and China, US and China economic conditions, and upcoming election in Indonesia.

DISCLAIMER: IDR Dynamic Syariah Fund is an Sharia investment-linked fund offered by PT. AIA FINANCIAL. This document is prepared by PT. AIA FINANCIAL and solely for
informational use only. This document is not an offer for sale nor a solicitation of an offer to purchase. Investment in Sharia unit-link product contains risks including but not
limited to political risk, risk on changes in government decree or other government regulations, risk on distribution on income / margin / fee, liquidity risk, credit risk, equity risk
and exchange rate risk. The performances of the funds are not guaranteed; the unit price and the investment result may increase or decrease. Past performances do not
constitute a guarantee for future performance.
 FUND FACT SHEET

USD GLOBAL GROWTH OPPORTUNITY EQUITY FUND

PT. AIA FINANCIAL registered and supervised by the Financial Services Authority
31 December 2018
INVESTMENT MANAGER

Established in 15 July 1996, PT. AIA FINANCIAL (AIA) is one of the leading life insurance companies in Indonesia that registered and supervised by the Indonesian
Financial Services Authority. AIA in Indonesia is a subsidiary of the AIA Group. With experienced personnel, AIA's Investment team manages the investments of all
existing funds in accordance with its investment objectives and risk profile. AIA's Investment team has the profiency to identify economic conditions and investment
movements to generate competitive investment returns through a variety of financial instruments such as money market, bonds, shares and/or mutual funds.

INVESTMENT OBJECTIVE TARGET ALLOCATION

To provide investor with long-term capital appreciation with high risk tolerance by 0% - 20% : Money Market Instruments
investing primarily in a managed portfolio of shares issued by companies with 80% - 100% : Listed Equities and/ or Equity Mutual Fund(s) incl. ETF
economic exposure to Develop Market + Tactical US and or Asian Market. listed / invest in global stock markets

FUND INFORMATION
Launch Date : 23 September 2016 Fund Size (million) : USD 13.17
Launch Price : USD 1.00 Fund Management Fee : 2.10% per annum
Unit Price (NAV) : USD 0.9766 Pricing Frequency : Daily
Risk Level : High Benchmark : 90% MSCI World Index +
10% MSCI Asia Ex. Japan

FUND PERFORMANCE
Fund Performance
Fund Annualised
1 Month 3 Months YTD 1 Year
3 Years 5 Years Since Inception
USD Global Growth
-7.51% -14.21% -12.57% -12.57% N/A N/A -1.04%
Equity Fund
Benchmark * -6.77% -12.79% -11.75% -11.75% N/A N/A 2.92%

* current benchmark is effective since 1 Jan 2018

Since inception to 31 Dec 2017: 90% Dow Jones Islamic Mkt World Index + 10% MSCI World Index
LAST 3 YEARS CUMULATIVE RETURN LAST 3 YEARS MONTHLY RETURN
Cummulative Return Monthly Return
25.00%
20.00% 4.00%
15.00% 2.00%
10.00% 0.00%
5.00% -2.00%
0.00% -4.00%
-5.00%
-6.00%
-10.00%
-15.00% -8.00%
Nov-17
Nov-16
Dec-16

Dec-17

Nov-18
Dec-18
Apr-17

Apr-18
Aug-17
Sep-17
Oct-16

Jan-18

May-18

Aug-18
Sep-18
Jan-17

May-17
Jun-17

Oct-17

Jun-18

Oct-18
Mar-18
Mar-17
Inception

Jul-18
Jul-17
Feb-17

Feb-18

-10.00%

Nov-18
Nov-16
Dec-16

Nov-17
Dec-17

Dec-18
Apr-17

Apr-18
Aug-17
Sep-17

Aug-18
Sep-18
Oct-16

May-17

Oct-17
Jan-17
Feb-17

Jun-17

Feb-18

May-18

Oct-18
Jun-18
Jan-18
Mar-17

Mar-18

Jul-18
Inception

Jul-17

USD Global Growth Equity Fund Benchmark

ASSET ALLOCATION PORTFOLIO ALLOCATION

Aberdeen Syariah Asia Pacific Equity MF 9.87%
Schroder Global Syariah Equity MF 87.75%
TD + Cash 2.38%
Mutual Fund EQ,
97.62%

Money
Market
Instrument,
2.38%

FUND MANAGER COMMENTARY

During December 2018, USD Global Growth Opportunity Equity Fund booked performance of -7.51%, in-line with MSCI World ( -7.1%) and MSCI Asia ex-Japan (-2.9%).
Global market correction was driven by worry on trade negotiations due to Huawei CFO arrest and less dovish Fed stance. Going forward, global equities will continue to
depend on economic development, currency’s stability, and global risks’ dynamics.

DISCLAIMER: USD Global Growth Opportunity Equity Fund is an investment-linked fund offered by PT. AIA FINANCIAL. This document is prepared by PT. AIA
FINANCIAL and solely for informational use only. This document is not an offer for sale nor a solicitation of an offer to purchase. Investment in unit-link product contains
risks including but not limited to political risk, risk on changes in government decree or other government regulations, interest rate risk, liquidity risk, credit risk, equity risk
and exchange rate risk. The performances of the funds are not guaranteed; the unit price and the investment result may increase or decrease. Past performances do not
constitute a guarantee for future performance.
 FUND FACT SHEET

USD ONSHORE EQUITY FUND

PT. AIA FINANCIAL registered and supervised by the Financial Services Authority
31 December 2018
INVESTMENT MANAGER

Established in 15 July 1996, PT. AIA FINANCIAL (AIA) is one of the leading life insurance companies in Indonesia that registered and supervised by the Indonesian Financial
Services Authority. AIA in Indonesia is a subsidiary of the AIA Group. With experienced personnel, AIA's Investment team manages the investments of all existing funds in
accordance with its investment objectives and risk profile. AIA's Investment team has the profiency to identify economic conditions and investment movements to generate
competitive investment returns through a variety of financial instruments such as money market, bonds, shares and/or mutual funds.

INVESTMENT OBJECTIVE TARGET ALLOCATION

To provide investor with aggressive growth that aims to give superior long-term investment 0% - 20% : Money Market Instruments
returns with high risk tolerance through investments in a diversified portfolio of listed 80% - 100% : Equities listed in IDX and/ or
companies in the Indonesia Stock Exchange (IDX). Equity mutual funds incl. ETF

FUND INFORMATION
Launch Date : 21 April 2017 Fund Size (million) : USD 2.05
Launch Price : USD 1.00 Fund Management Fee : 2.10% per annum
Unit Price (NAV) : USD 0.9872 Pricing Frequency : Daily
Risk Level : High Benchmark : 98% MXID Index (In USD Term) +
2% average 3-month USD Time Deposit

FUND PERFORMANCE
Fund Performance
Fund Annualised
1 Month 3 Months YTD 1 Year
3 Years 5 Years Since Inception
USD Onshore Equity
0.27% 8.40% -10.13% -10.13% N/A N/A -0.76%
Fund
Benchmark * 0.66% 8.94% -10.87% -10.87% N/A N/A -0.60%

* current benchmark is effective since inception

LAST 2 YEARS CUMULATIVE RETURN LAST 2 YEARS MONTHLY RETURN
Cummulative Return Monthly Return
20.00% 10.00%
15.00% 8.00%
10.00% 6.00%
5.00% 4.00%
0.00% 2.00%
-5.00% 0.00%
-10.00% -2.00%
-15.00% -4.00%
-20.00% -6.00%
Sep-17

Aug-18
Aug-17

Oct-17

Sep-18

Oct-18
May-17

Jun-17

Jan-18

May-18
Apr-18

Jun-18
Jul-17

Mar-18

Jul-18
Dec-17

Dec-18
Nov-17

Nov-18
Feb-18
Inception

-8.00%
Nov-17
Dec-17

Nov-18
Dec-18
May-17

Oct-17

May-18

Oct-18
Aug-17
Sep-17

Apr-18

Aug-18
Sep-18
Jun-17

Jan-18

Jun-18
Mar-18
Jul-17

Feb-18

Jul-18
Inception

USD OnshoreE Equity Benchmark

ASSET ALLOCATION SECTOR

ALOKASI ALLOCATION
SEKTOR TOP HOLDINGS
Consumer Discretionary 10.54% PT Astra Internasional Tbk
Consumer Staples 16.07% PT Bank Central Asia Tbk
Energy 3.42% PT Bank Mandiri Tbk
Equity, Financials 45.96% PT Bank Negara Indonesia
98.72%
Health Care 1.14% PT Bank Rakyat Indonesia Tbk
Industrials 0.71% PT Charoen Pokphand Indonesia Tbk
Materials 5.18% PT Gudang Garam Tbk
Money Real Estate 1.58% PT Telekomunikasi Indonesia Tbk
Market Telecommunication Services 12.69% PT Unilever Indonesia Tbk
Instrument, 1.45%
Utilities PT United Tractors Tbk
1.28%
TD + Cash 1.28%

FUND MANAGER COMMENTARY

In December 2018, USD Onshore Equity booked performance of +0.27% mom, in line with MSCI Indonesia in USD term (flat mom). By sector, inside MSCI Indonesia, Consumer
Staples was the largest positive contributors (+1.2% contribution) while Consumer Discretionary become the largest negative contributors (-0.5% contribution). Despite global
market correction which was driven by worry on trade negotiations due to Huawei CFO arrest and less dovish Fed stance, Indonesian market performed positively. BI maintained
benchmark rate at 6.0%. Full year 2018 inflation remained under control at 3.13% yoy. While November trade data reached unexpeced huge deficit at USD 2.05bn. Going
forward, Indonesia Equity market will continue to depend on domestic economy development, USD/IDR currency movement and global risks’ dynamics.

DISCLAIMER: USD Onshore Equity Fund is an investment-linked fund offered by PT. AIA FINANCIAL. This document is prepared by PT. AIA FINANCIAL and solely for
informational use only. This document is not an offer for sale nor a solicitation of an offer to purchase. Investment in unit-link product contains risks including but not limited to
political risk, risk on changes in government decree or other government regulations, interest rate risk, liquidity risk, credit risk, equity risk and exchange rate risk. The
performances of the funds are not guaranteed; the unit price and the investment result may increase or decrease. Past performances do not constitute a guarantee for future
performance.
 FUND FACT SHEET

USD PRIME GLOBAL EQUITY FUND

PT. AIA FINANCIAL registered and supervised by the Financial Services Authority
31 December 2018
INVESTMENT MANAGER

Established in 15 July 1996, PT. AIA FINANCIAL (AIA) is one of the leading life insurance companies in Indonesia that registered and supervised by the Indonesian
Financial Services Authority. AIA in Indonesia is a subsidiary of the AIA Group. With experienced personnel, AIA's Investment team manages the investments of all
existing funds in accordance with its investment objectives and risk profile. AIA's Investment team has the profiency to identify economic conditions and investment
movements to generate competitive investment returns through a variety of financial instruments such as money market, bonds, shares and/or mutual funds.

INVESTMENT OBJECTIVE TARGET ALLOCATION

To obtain optimal, long-term investment growth with high risk tolerance through 0% - 20% : Money Market Instruments
investment diversification on equity-based mutual fund(s) of listed companies on 80% - 100% : Equity Mutual Funds
the bourse of developed markets and Asia-ex-Japan

FUND INFORMATION
Launch Date : 19 January 2018 Fund Size (million) : USD 31.94
Launch Price : USD 1.00 Fund Management Fee : 2.10% per annum
Unit Price (NAV) : USD 0.8860 Pricing Frequency : Daily
Risk Level : High Benchmark : 90% Dow Jones Islamic World
10% MSCI AC Asia Ex Japan

FUND PERFORMANCE
Fund Performance
Fund Annualised
1 Month 3 Months YTD 1 Year
3 Years 5 Years Since Inception
USD Prime Global
-7.13% -12.18% N/A N/A N/A N/A -11.40%
Equity Fund
Benchmark * -6.55% -13.28% N/A N/A N/A N/A -13.97%

* current benchmark is effective since inception

LAST 1 YEAR CUMULATIVE RETURN LAST 1 YEAR MONTHLY RETURN
Cummulative return Monthly return
10.00% 8.00%
6.00%
5.00%
4.00%
0.00% 2.00%
0.00%
-5.00%
-2.00%
-10.00% -4.00%
-6.00%
-15.00%
-8.00%
Jun-18

Nov-18

Dec-18
Feb-18

Aug-18

Sep-18
Inception

May-18
Mar-18

Oct-18
Apr-18

Jul-18

Apr-18

Aug-18

Sep-18

Nov-18

Dec-18
Mar-18

Jun-18

Oct-18
Feb-18

May-18
Inception

Jul-18

USD Prime Global Equity Fund Benchmark

ASSET ALLOCATION PORTFOLIO ALLOCATION

BNP Paribas Cakra Syariah MF 84.55%
Schroder Asian Equity Yield Class A MF 9.87%
TD + Cash 5.58%

Mutual Fund EQ,

94.42%

Money Market
Instrument,
5.58%

FUND MANAGER COMMENTARY

During December 2018, USD Prime Global Equity Fund booked performance of -7.13% in line with Dow Jones Islamic Market World (-6.9% mom). Global market
correction was driven by worry on trade negotiations due to Huawei CFO arrest and less dovish Fed stance. Going forward, global equities will continue to depend on
economic development, currency’s stability, and global risks’ dynamics.

DISCLAIMER: USD Prime Global Equity Fund is an investment-linked fund offered by PT. AIA FINANCIAL. This document is prepared by PT. AIA FINANCIAL and solely
for informational use only. This document is not an offer for sale nor a solicitation of an offer to purchase. Investment in unit-link product contains risks including but not
limited to political risk, risk on changes in government decree or other government regulations, interest rate risk, liquidity risk, credit risk, equity risk and exchange rate
risk. The performances of the funds are not guaranteed; the unit price and the investment result may increase or decrease. Past performances do not constitute a
guarantee for future performance.
 FUND FACT SHEET

USD PRIME EMERGING MARKET EQUITY FUND

PT. AIA FINANCIAL registered and supervised by the Financial Services Authority
31 December 2018
INVESTMENT MANAGER

Established in 15 July 1996, PT. AIA FINANCIAL (AIA) is one of the leading life insurance companies in Indonesia that registered and supervised by the Indonesian
Financial Services Authority. AIA in Indonesia is a subsidiary of the AIA Group. With experienced personnel, AIA's Investment team manages the investments of all
existing funds in accordance with its investment objectives and risk profile. AIA's Investment team has the profiency to identify economic conditions and investment
movements to generate competitive investment returns through a variety of financial instruments such as money market, bonds, shares and/or mutual funds.

INVESTMENT OBJECTIVE TARGET ALLOCATION

To obtain optimal, long-term investment growth with high risk tolerance through 0% - 20% : Money Market Instruments
investment diversification on equity-based mutual fund(s) of listed companies on 80% - 100% : Equity Mutual Funds
the bourse of emerging markets.

FUND INFORMATION
Launch Date : 18 January 2018 Fund Size (million) : USD 28.67
Launch Price : USD 1.00 Fund Management Fee : 2.10% per annum
Unit Price (NAV) : USD 0.7454 Pricing Frequency : Daily
Risk Level : High Benchmark : 100% MSCI Emerging Market

FUND PERFORMANCE
Fund Performance
Fund Annualised
1 Month 3 Months YTD 1 Year
3 Years 5 Years Since Inception
USD Prime Emerging
-2.56% -9.58% N/A N/A N/A N/A -25.46%
Market Equity Fund
Benchmark * -2.83% -7.96% N/A N/A N/A N/A -21.06%

* current benchmark is effective since inception

LAST 1 YEAR CUMULATIVE RETURN LAST 1 YEAR MONTHLY RETURN
Cummulative return Monthly return
10.00%
5.00%
5.00%
0.00%
0.00%
-5.00%
-10.00%
-5.00%
-15.00%
-20.00%
-25.00% -10.00%

-30.00%
Feb-18

Mar-18

May-18

Oct-18
Jun-18
Inception

Apr-18

Jul-18

Aug-18

Sep-18

Nov-18

Dec-18

-15.00%
May-18

Oct-18
Feb-18

Apr-18

Jun-18

Jul-18

Nov-18

Dec-18
Inception

Mar-18

Aug-18

Sep-18

USD Prime Emerging Market Equity Fund Benchmark

ASSET ALLOCATION PORTFOLIO ALLOCATION

Fidelity Emerging Market Class A ACC MF 99.98%
TD + Cash 0.02%

Mutual Fund EQ,

99.98%

Money Market
Instrument,
0.02%

FUND MANAGER COMMENTARY

During December 2018, USD Prime Emerging Market Equity Fund booked performance of -2.56%, in line with the pull back in emerging markets equities of -2.9% (MSCI
Emerging Market Index). Global market correction was driven by worry on trade negotiations due to Huawei CFO arrest and less dovish Fed stance. Going forward,
global equities will continue to depend on economic development, currency’s stability, and global risks’ dynamics.

DISCLAIMER: USD Prime Emerging Market Equity Fund is an investment-linked fund offered by PT. AIA FINANCIAL. This document is prepared by PT. AIA FINANCIAL
and solely for informational use only. This document is not an offer for sale nor a solicitation of an offer to purchase. Investment in unit-link product contains risks
including but not limited to political risk, risk on changes in government decree or other government regulations, interest rate risk, liquidity risk, credit risk, equity risk and
exchange rate risk. The performances of the funds are not guaranteed; the unit price and the investment result may increase or decrease. Past performances do not
constitute a guarantee for future performance.
 FUND FACT SHEET

IDR ULTIMATE EQUITY FUND

PT. AIA FINANCIAL registered and supervised by the Financial Services Authority
31 December 2018
INVESTMENT MANAGER

Established in 15 July 1996, PT. AIA FINANCIAL (AIA) is one of the leading life insurance companies in Indonesia that registered and supervised by the Indonesian
Financial Services Authority. AIA in Indonesia is a subsidiary of the AIA Group. With experienced personnel, AIA's Investment team manages the investments of all existing
funds in accordance with its investment objectives and risk profile. AIA's Investment team has the profiency to identify economic conditions and investment movements to
generate competitive investment returns through a variety of financial instruments such as money market, bonds, shares and/or mutual funds.

INVESTMENT OBJECTIVE TARGET ALLOCATION

To obtain optimal, long-term investment growth with high risk tolerance through equity 0% - 20% : Money Market Instruments
mutual fund selection having investment diversifications on companies listed in the 80% - 100% : Equities listed in IDX and/ or
Indonesian Stock Exchange. Equity mutual funds

FUND INFORMATION
Launch Date : 26 October 2018 Fund Size (million) : IDR 1,970.80
Launch Price : IDR 1,000.00 Fund Management Fee : 2.40% per annum
Unit Price (NAV) : IDR 1,030.34 Pricing Frequency : Daily
Risk Level : High Benchmark : 98% Jakarta Composite Index
2% 3-Month IDR Avg Time Deposit (Net)
FUND PERFORMANCE
Fund Performance
Fund Annualised
1 Month 3 Months YTD 1 Year
3 Years 5 Years Since Inception
IDR Ultimate Equity Fund 0.84% N/A N/A N/A N/A N/A 3.03%

Benchmark * 2.11% N/A N/A N/A N/A N/A 6.52%

* current benchmark is effective since inception

LAST 1 YEAR CUMULATIVE RETURN LAST 1 YEAR MONTHLY RETURN

Cummulative return Monthly return
10.00%
3.00%
7.00% 2.50%
4.00% 2.00%
1.50%
1.00%
1.00%
-2.00% 0.50%
-5.00% 0.00%
Inception Nov-18 Dec-18 -0.50%
-1.00%
Inception Nov-18 Dec-18
IDR Ultimate Equity Fund Benchmark

ASSET ALLOCATION ALOKASI

SECTORSEKTOR
ALLOCATION TOP HOLDINGS
MF Equity 62.40% Ashmore Dana Ekuitas Nusantara MF 18.01%
TD + Cash 37.60% Ashmore Dana Progresif Nusantara MF 13.23%
Batavia Dana Saham MF 19.67%
Money Market
Instrument Schroder Dana Prestasi MF 11.49%
37.60%

Mutual Fund EQ
62.40%

FUND MANAGER COMMENTARY

In December 2018, IDR Ultimate Equity Fund booked performance of +0.84% mom, in line with JCI (+2.28% mom). By sector, inside JCI, Consumer Staples was the
largest positive contributors (+1.26% contribution) while Consumer Discretionary become the largest negative contributors (-0.2% contribution). Despite global market
correction which was driven by worry on trade negotiations due to Huawei CFO arrest and less dovish Fed stance, Indonesian market performed positively. BI maintained
benchmark rate at 6.0%. Full year 2018 inflation remained under control at 3.13% yoy. While November trade data reached unexpeced huge deficit at USD 2.05bn. Going
forward, Indonesia Equity market will continue to depend on domestic economy development, USD/IDR currency movement and global risks’ dynamics.

DISCLAIMER: IDR Ultimate Equity Fund is an investment-linked fund offered by PT. AIA FINANCIAL. This document is prepared by PT. AIA FINANCIAL and solely for
informational use only. This document is not an offer for sale nor a solicitation of an offer to purchase. Investment in unit-link product contains risks including but not limited
to political risk, risk on changes in government decree or other government regulations, interest rate risk, liquidity risk, credit risk, equity risk and exchange rate risk. The
performances of the funds are not guaranteed; the unit price and the investment result may increase or decrease. Past performances do not constitute a guarantee for
future performance.