Fund Fact Sheet, July 2021

Mandiri Investa Dana Obligasi Seri IIFixed Income FundPrice: IDR 1,426.01Reporting Date30-July-2021

Effective StatementS-3188/PM/2004

Effective Date14-October-2004

Custodian BankDeutsche Bank, Jakarta

Inception Date08-Dec-2004

Asset Under ManagementIDR 723.16 Billion

CurrencyIndonesian rupiah (IDR)

Pricing FrequencyDaily

Investment MinimumIDR 50.000

Number of Offered Unit4.000.000.000 (Four Billion)

Management FeeMax. 3.00% p.a

Custodian FeeMax. 0.25% p.a

Subscription FeeMax. 1.00%

Redemption FeeMaks. 1.00% (< 1 tahun*) * holding period

Switching FeeMax. 1.00%

ISIN codeIDN000004009

Bloomberg codeMANIPT2 : IJ

Main Risk Factor- Risks of Changes in Economic and Political- Risk of Default- Risk of Liquidity

Investment Period<3 3-5 >5

3-5 : Medium Term

Risk Level

Medium

DescriptionMIDO 2 Fund Investing in Bond Instrument with Medium Term and categorized Low - Medium Risk. This Mutual fund’s Portfolio carries various risks for investors.

Information on Mutual Fund OwnershipInformation on Mutual Fund Ownership Confirmation letter for subscription,redemption and switching of mutual funds are valid legal proof of mutual fund ownership issued and delivered by the custodian bank. In case there is Securities Ownership (AKSES) facility, Participation Unit Holders could see Mutual Fund ownership through KSEI Akses web page, https://akses.ksei.co.id/

About Mandiri InvestasiPT Mandiri Manajemen Investasi (Mandiri Investasi) is a separate subsidiary of PT Mandiri Sekuritas established in December 28, 2004. PT Mandiri Sekuritas is Indonesia’s leading investment bank and a subsidiary of PT Bank Mandiri (Persero) Tbk., the country’s largest stateowned Bank. Mandiri Investasi and/or its predecessors have been managing investment portfolios since 1993, with Business License Number : No. Kep-11/PM/MI/2004. Mandiri Investasi is Indonesia’s largest domestic mutual fund, with total assets under management totaling Rp 54.91 Trillion (as of 30 July 2021).

Custodian ProfileDeutsche Bank AG, Jakarta Branch (“DB“) is a branch office of Deutsche Bank AG, a banking institution domiciled and having its headquarter in Germany. DB has a license from the OJK to operate as a custodian in the capital market based on BAPEPAM Chairman Decision No. Kep-07/PM/1994 dated 19 January 1994. DB is registered and supervised by the OJK.

Investment ObjectiveTo provide a relatively stable level of income by investing in fixed income instruments selectively.

Investment Policy Portfolio AllocationMoney Market : 0% - 20% Money Market : 8.99%Bonds : 80% - 100% Bonds : 91.01%

Fund PerformanceMIDO2 Benchmark*

Dec-04 Dec-05 Dec-06 Dec-07 Nov-08 Nov-09 Oct-10 Oct-11 Oct-12 Sep-13 Sep-14 Sep-15 Aug-16 Aug-17 Aug-18 Jul-19 Jul-20 Jul-21

-20%

0%

20%

40%

60%

80%

100%

120%

140%

160%

Top Holding Monthly ReturnMIDO2 Benchmark*

-6%

-5%

-4%

-3%

-2%

-1%

0%

1%

2%

3%

Dec-16 May-17 Oct-17 Mar-18 Aug-18 Jan-19 Jun-19 Nov-19 Apr-20 Sep-20 Feb-21 Jul-21

Performance - 30 July 20211 Month 3 Months 6 Months 1 Year 3 Years 5 Years YTD Since

Inception

Best Month Dec-08 4.95% This fund has achieved best performance 4.95% at Dec-08 and achieved worst performance -12.78% at Aug-05.Worst Month Aug-05 -12.78%

* 90% Bloomberg Indonesia Local Sovereign Index + 10% TD 1 Month

Market Outlook

MIDO2 1.96% 2.51% 1.10% 7.00% 26.11% 29.88% -0.75% 172.45%Benchmark* 1.60% 3.01% 3.15% 9.94% 34.59% 46.03% 2.53% 71.13%

Deutsche Bank AG, Cabang Jakarta Bank Mandiri Cabang Bursa Efek Indonesia, JakartaREKSA DANA MANDIRI INVESTA DANA OBLIGASI SERI II REKSA DANA MANDIRI INVESTA DANA OBLIGASI SERI II0098434-009 104-000-441-3246

Fund Bank Account

July has brought INDOGB yield back to the level same like end of January 2021. The INDOGB 10 year yield reached 6.3% from previous month closing at 6.6%, 30 bps stronger. We see there are combined efforts between Ministry of Finance and Bank Indonesia that benefit bond. Ministry of Finance has officially announced to spend last year excess budget (Saldo Anggaran Lebih/SAL 2020) and size down bond issuance around Rp 200 trillion. We think investors can this as signal bond supply won’t be that much and yield likely won’t go higher considering INDOGB yield is very attractive among other EM due to high real yield. Additionally, Bank Indonesia has tapered Open Market Operation (OMO) significantly, therefore banks need to find other source of income. That is intentionally conducted in order to drive loan growth so that economic activities can thrive again. Apparently, there is an improvement in loan growth but still low and banks are still the major buyer of INDOGB. Meanwhile, US Treasury yield has strengthened caused by rising Covid cases around the world due to delta variant and fear of a peak in economic expansion raised doubts over the path of monetary policy. US 10 year Treasury yield has strengthened 20 bps from 1.4% in June to 1.2% in July. We have adjusted our target yield from range 5.75% - 6.25% to range 6.00% - 6.25% based on the changing the Fed plan in rising the Fed rate in 2023 and tapering probably in 2022. We see these reasons mentioned before as the backbone of our view to recommend fixed income asset class for the rest of this year.

In Alphabetical Order

Bank Tabungan Negara Deposit

BPD Jawa Barat dan Banten Deposit

Ban Pemerintah RI Bonds