Chubb Rupiah Equity Fund May 2021

Investment Manager Profile Chubb Life is the international life insurance division of Chubb. In Asia, Chubb Life operates in , , Korea, Taiwan, Thailand, Vietnam and participates a joint-venture in China. Chubb Life has been in Indonesia since 2009. To meet the financial protection and security needs of its broad range of customers, Chubb Life in Indonesia (PT Chubb Life Insurance Indonesia) offers a range of protection, savings and investment link insurance solutions through agents, financial advisors, retailers, brokers, , digital networks, direct marketing and telemarketing operations. Additional information can be found at: http://life.chubb.com/id

Investment Objective Chubb Rupiah Equity Fund provide a long term capital gain by capitalizing the growth of Indonesian stock market.

Asset Allocation Top Holdings Performance Chart

Money Market Central Asia 300% AER | Since Inception 2.25% 250% 200% 150% Telekomunikasi Indonesia 100% 50% Equity 0% 97.76% Jul-13 Jul-18 Jan-10 Jun-11 Oct-17 Apr-09 Apr-14 Sep-10 Feb-12 Sep-15 Feb-17 Dec-14 Dec-19 Aug-20 Nov-12 Mar-19 May-16 May-21

Equity Money Market

Fund Performance Since 1 month 3 months 6 months 1 year3 years* 5 years* YTD Inception* Chubb Rupiah Equity Fund -0.07% -5.16% 0.04% 19.76% -5.44% -0.69% -4.93% 8.45% Composite Index (JCI) -0.80%-4.72% 5.97% 25.11% -0.20% 4.39% -0.53% 11.12%

Fund Details

Inception date :20-Apr-09 Fund Management Fee :2.00 % p.a. Risk Level :High Currency :Rupiah (IDR) Asset Under Management :1.38 triliun Unit Price : 2,299.23 : AG Pricing Frequency :Daily Bloomberg Code :ACERPEQ:IJ

Market Commentary

Indonesia reported its Gross Domestic Product (GDP) first quarter of 2021 was -0.74% a year, an increase compared to the previous quarter of -2.19% a year. In May, Indonesia reported inflation of 0.32% in a month or 1.68% in a year. Food and transportation are the main drivers of inflation due to the euphoria of Eid. Indonesia applied movement restrictions for inter-city travel during the Eid holiday. New cases of COVID-19 could still be handled with daily new cases of 5,000 cases, the infection rate dropping to 9% nationally and 3% for Jakarta. However, the impact of the Eid holiday can be seen in early June. At the end of May, the Jakarta Composite Index (JCI) closed down -0.8% in a month. There was an inflow of IDR 3.5 trillion of foreign investors in the stock market in May.

*) Annualized Figures

Terms and condition This report is a periodic report that contains data until the above date. The entire review contained above was made based on the data and information at the time of this report. Various attempts have been made to ensure that the information provided is correct at time of publication. PT. Chubb Life Insurance Indonesia does not guarantee that there are no errors in calculations and in writing. This report can not be used as a basis to buy or sell a stock, but only a record of performance based on historical data.

PT Chubb Life Insurance Indonesia Chubb Square 6th Floor Jl. MH Thamrin No. 10 Jakarta 10230 Telp: (021) 2356 8887