The Securities Commission has approved the issue of, offer for subscription or purchase, or issue an invitation to subscribe for or purchase units of the unit trust funds and a copy of this prospectus has been registered with the Securities Commission. The approval, and registration of this prospectus, should not be taken to indicate that the Securities Commission recommends the funds or assumes responsibility for the correctness of any statement made or opinion or report expressed in this prospectus. The Securities Commission is not liable for any non-disclosure on the part of the management company responsible for the funds and takes no responsibility for the contents in this prospectus. The Securities Commission makes no representation on the accuracy or completeness of this prospectus, and expressly disclaims any liability whatsoever arising from, or in reliance upon, the whole or any part of its contents. INVESTORS SHOULD RELY ON THEIR OWN EVALUATION TO ASSESS THE MERITS AND RISKS OF THE INVESTMENT. IN CONSIDERING THE INVESTMENT, INVESTORS WHO ARE IN DOUBT AS TO THE ACTION TO BE TAKEN SHOULD CONSULT THEIR PROFESSIONAL ADVISERS IMMEDIATELY. This prospectus has been reviewed and approved by the directors of Public Mutual Berhad and they collectively and individually accept full responsibility for the accuracy of the information. Having made all reasonable inquiries, they confirm to the best of their knowledge and belief, there are no false or misleading statements, or omission of other facts which would make any statement in the prospectus false or misleading. Investors are advised to note that recourse for false or misleading statements or acts made in connection with the prospectus is directly available through sections 248, 249 and 357 of the Capital Markets and Services Act 2007.

No units will be issued or sold based on this prospectus later than one year after the date of this prospectus.

PREFACE

This Prospectus encompasses the following thirty (30) unit trust funds: (i) (ii) (iii) (iv) (v) (vi) (vii) (viii) (ix) (x) (xi) (xii) (xiii) (xiv) (xv) (xvi) (xvii) (xviii) (xix) (xx) (xxi) (xxii) (xxiii) (xxiv) (xxv) (xxvi) (xxvii) (xxviii) (xxix) (xxx) Public Savings Fund Public Growth Fund Public Index Fund Public Industry Fund Public Aggressive Growth Fund Public Regular Savings Fund Public SmallCap Fund Public Equity Fund Public Focus Select Fund Public Dividend Select Fund Public Far-East Select Fund Public Regional Sector Fund Public Global Select Fund Public Far-East Dividend Fund Public China Select Fund Public Far-East Property & Resorts Fund Public South-East Asia Select Fund Public Sector Select Fund Public Far-East Consumer Themes Fund Public China Titans Fund Public Far-East Telco & Infrastructure Fund Public Balanced Fund Public Far-East Balanced Fund Public Global Balanced Fund Public Bond Fund Public Institutional Bond Fund Public Enhanced Bond Fund Public Select Bond Fund Public Money Market Fund Public Select Alpha-30 Fund

You may refer to pages 11 to 29 of Chapter 1: Key Features of the Funds for a better understanding of the objective and key strategies of each of the funds, risks of investing in the funds, profile of investors suitable to invest in the funds and fees and charges payable when investing in the funds, and to help you to decide on the fund that is most compatible with your personal investment temperament and long term financial goals. Units of the funds can be bought from our agents who are registered with the Federation of Malaysian Unit Trust Managers. Public Mutual branch offices are located throughout the state capitals and major towns of Malaysia to service unitholders who may need to do an enquiry or a transaction with us. Please refer to pages 207 to 209 for the Directory of Public Mutual Branch and Agency Offices.

Yeoh Kim Hong Chief Executive Officer

CONTENTS

GLOSSARY OF TERMS/ABBREVIATIONS MANAGER, TRUSTEES AND ADVISERS 1. KEY FEATURES OF THE FUNDS
1.1 1.2 1.3 1.4 1.5 Summary of Key Data of The Funds Fees and Charges Information on Transaction of Units Free Insurance for PBF, PFEBF and PGBF Distribution Policy

3-5 6-9 10 - 34
10 28 30 32 33

2.

ABOUT UNIT TRUST FUNDS
2.1 2.2 2.3 The Unit Trust Fund Benefits of Investing in Unit Trusts Risk Factors

35 - 36
35 35 35

3.

DETAILED INFORMATION ON THE FUNDS
3.1 3.2 3.3 3.4 3.5 3.6 3.7 Categories of Funds Fund Profiles Investment Risks and Risk Management Authorised Investments Investment Restrictions Valuation of Authorised Investments Policy on Gearing

37 - 117
37 38 108 108 110 115 116

4. 5.

PERFORMANCE OF THE FUNDS HISTORICAL FINANCIAL HIGHLIGHTS OF THE FUNDS
5.1 5.2 Extracts of Financial Statements of The Funds Expenses Incurred by The Funds

118 - 145 146 - 162
146 161

6.

GETTING STARTED WITH PUBLIC MUTUAL
6.1 6.2 6.3 6.4 Investing with Public Mutual How to Buy, Sell or Switch Units of The Funds Statements and Reports Keeping Track of the Daily Prices of Units

163 - 166
163 163 165 166 167 - 168

Dedicated Services to Unitholders of Public Mutual

7.

TRANSACTION INFORMATION
7.1 7.2 7.3 Determination of Prices Computation of Prices Computation of Cooling-Off Proceeds

169 - 171
169 170 171

8.

FEES, CHARGES AND EXPENSES
8.1 8.2 8.3 Charges Imposed on Sale and Purchase of Units Fees and Expenses of The Funds Policy on Stockbroking Rebates and Soft Commissions

172 - 174
172 173 174

1

204 198 198 199 202 203 203 204 204 204 TAXATION OF THE FUNDS AND UNITHOLDERS NETWORK OF PUBLIC MUTUAL BRANCH OFFICES NETWORK OF PUBLIC MUTUAL AGENCY OFFICES 205 .5 11.CONTENTS (CONT’D) 9. THE MANAGER 9.9 Unitholders’ Rights and Liabilities Jointholders Maximum Fees and Charges Permitted by The Deed Permitted Expenses Payable Out of The Funds Retirement. THE TRUSTEES 10.12 9.2 10.9 9.1 9.197 193 193 193 194 196 11.4 11. SALIENT TERMS OF THE DEED 11.4 10.6 9.208 209 2 .3 10.192 175 175 176 178 178 178 179 181 183 188 189 191 192 192 10. Removal and Replacement of The Manager Retirement.8 11.5 9.8 9.13 9.10 9.3 9.206 207 .2 9.1 11. Duties and Responsibilities of The Manager Compliance Unit Financial Performance of Public Mutual The Board of Directors Profile of Key Management Staff Profile of Key Investment Personnel Awards Won by Public Mutual Investment Management Function of The Manager Related Party Transactions/Conflict of Interest Policies and Procedures on Money Laundering Activities Documents Available for Inspection 175 .5 The Trustees’ Willingness to Assume Position Duties and Responsibilities of The Trustees Profile of AmanahRaya Trustees Berhad Profile of Mayban Trustees Berhad Profile of BHLB Trustee Berhad 193 .2 11.11 9.6 11.7 9.1 10.7 11.4 9. Removal and Replacement of The Trustee Termination of The Fund Unitholders’ Meeting The Deed 198 .14 Corporate Profile of Public Mutual Organisation of Public Mutual Unit Trust Funds under Public Mutual Functions.3 11.

x 100 KLCI Management Expense MER 3 . the annual trustee fee and any other fees deducted/deductible directly from the unit trust fund.GLOSSARY OF TERMS/ABBREVIATIONS ART BTB Bursa Malaysia Bursa Securities Business Day(s) AmanahRaya Trustees Berhad (766894-T) BHLB Trustee Berhad (313031-A) Bursa Malaysia Berhad Bursa Malaysia Securities Berhad Each weekday in which Bursa Securities is open for dealing. and persons registered to deal in its unit trust funds. the staff of Public Mutual. Management Expense Ratio (MER) is the ratio of the sum of the fees and the recovered expenses of the unit trust fund to the average value of the unit trust fund calculated on a daily basis. if some of the foreign markets in which the funds are invested therein are closed for business. The cooling-off right. i. be it when buying or redeeming units of the funds. For EPF unitholders. it includes management fee. and obtain a full refund of the said investment within 10 days of receipt of cooling-off notice by Public Mutual. to change his mind and cancel an investment within 6 Business Days from the date of receipt of the application form and payment by Public Mutual. Note: The Manager may declare certain Business Day to be a non Business Day. although Bursa Securities is open for business. This would include the annual management fee. EPF FMUTM Forward Pricing Employees Provident Fund The Federation of Malaysian Unit Trust Managers The selling or buying of units is based on the NAV per unit next determined or calculated after the application/repurchase order from unitholder(s) is received by the Manager in proper form. expressed as a fixed amount calculated on a daily basis. CMSA 2007 Cooling-off Right Capital Markets and Services Act 2007 The right of a unitholder who is investing with Public Mutual for the first time. trustee fee and expenses incurred for fund administrative services. the cooling-off period will commence from the date of receipt of application form by Public Mutual. however. This is to ensure that investors will be given a fair valuation of the funds at all times. Kuala Lumpur Composite Index Management expense is the inherent costs of operating a unit trust fund. does not extend to a corporation or institution.e.: (Fees + Recovered expenses) of the unit trust fund Average value of the unit trust fund calculated on a daily basis Where: Fees = All ongoing fees deducted/deductible directly from the unit trust fund in respect of the year/period covered by the management expense ratio.

in respect of the year/period covered by the management expense ratio. in the universal comparison of the expenses of funds. Public Islamic Optimal Growth Fund. expressed as a fixed amount. Public Islamic Equity Fund. = This expense ratio is directly comparable with that of other funds (under the same fund category) in determining the fund that is more cost effective. Public Islamic Select Treasures Fund. Public Islamic Dividend Fund. Public Bank Public Mutual or the Manager Public Series of Funds Public Series of Shariah-Based Funds Public Bank Berhad (6463-H) Public Mutual Berhad (23419-A) This series of funds comprises the thirty (30) non-Shariah-based unit trust funds covered under this prospectus. NAV per unit Portfolio Turnover Ratio (PTR) 4 . The NAV of the unit trust fund. ceteris paribus. It forms the basis upon which the prices of units of a fund are calculated. MSCI AC Far East Ex-Japan Index MSCI All Country World Index MTB NAV Morgan Stanley Capital International All Country Far East Ex-Japan Index Morgan Stanley Capital International All Country World Index Mayban Trustees Berhad (5004-P) Net Asset Value (“NAV”) of the fund is determined by deducting the value of all the fund’s liabilities (include all amounts payable by the fund. Public Islamic Opportunities Fund. Public Islamic Asia Dividend Fund. Public Islamic Bond Fund. Public Islamic Income Fund and Public Islamic Money Market Fund which are governed by a separate master prospectus dated 30 April 2009 and expires on 29 April 2010. Public China Ittikal Fund. namely Public Ittikal Fund. Public Asia Ittikal Fund. Public Islamic Select Enterprises Fund. Public Islamic Enhanced Bond Fund. The lower the expense ratio of a fund the better. accrued expenses and taxes. Public Islamic Select Bond Fund. the NAV of the fund should be inclusive of the management fee and trustee fee for the relevant day. and any appropriate provisions for contingencies) from the value of the fund’s assets. Public Islamic Sector Select Fund. For the purpose of computing the annual management fee and the annual trustee fee. The NAV per unit is the NAV of a fund divided by the number of units in circulation at the valuation point. A portfolio turnover ratio of 1 time means that the fund has been turned over once for that particular year/period. (Total acquisitions of the fund for the year + total disposals of the fund for the year) / 2 Average value of the fund for the year calculated on a daily basis The annual portfolio turnover ratio will indicate whether the fund buys and sells securities frequently or whether it takes a longer term approach to investment management. less expenses on an accrued basis. calculated on a daily basis. This series of funds comprises eighteen Shariah-based unit trust funds. at the valuation point. Public Islamic Balanced Fund. including net income value of the fund.GLOSSARY OF TERMS/ABBREVIATIONS (CONT’D) Recovered expenses Average value of the unit trust fund = All expenses recovered from/charged to the unit trust fund as a result of the expenses incurred by the operation of the unit trust fund. Public Islamic Asia Balanced Fund.

schedules. as certain of the foreign markets in which the funds may invest in have yet to close due to the different time zones of these countries. “The deed” means the Master Deed dated 28 January 1999 and all supplemental deeds entered into between the Trustee and the Manager for the registered holders of the funds. 5 .m. Valuation point refers to such a time(s) on a Business Day as may be decided by the Manager wherein the Net Asset Value (“NAV”) of the fund is calculated. appendices and guidelines contained therein or made pursuant thereto. The following thirty (30) funds covered under this prospectus are collectively called “the funds” and individually called “the fund”: Public Savings Fund Public Growth Fund Public Index Fund Public Industry Fund Public Aggressive Growth Fund Public Regular Savings Fund Public SmallCap Fund Public Equity Fund Public Focus Select Fund Public Dividend Select Fund Public Far-East Select Fund Public Regional Sector Fund Public Global Select Fund Public Far-East Dividend Fund Public China Select Fund Public Far-East Property & Resorts Fund Public South-East Asia Select Fund Public Sector Select Fund Public Far-East Consumer Themes Fund Public China Titans Fund Public Far-East Telco & Infrastructure Fund Public Select Alpha-30 Fund Public Balanced Fund Public Far-East Balanced Fund Public Global Balanced Fund Public Bond Fund Public Institutional Bond Fund Public Enhanced Bond Fund Public Select Bond Fund Public Money Market Fund PSF PGF PIX PIF PAGF PRSF P SmallCap PEF PFSF PDSF PFES PRSEC PGSF PFEDF PCSF PFEPRF PSEASF PSSF PFECTF PCTF PFETIF PSA30F PBF PFEBF PGBF P BOND PIN BOND PEBF PSBF PMMF “the deed” “the funds”/”the fund” UIC Valuation point Units in circulation (“UIC”) refers to the total number of units in issue at a point in time. the valuation of NAV of funds is conducted on each Business Day at the close of Bursa Securities. Under normal circumstances. For funds with no foreign investments. (or any other such time as may be permitted by the relevant authorities from time to time) on the following day in which the Manager is open for business.GLOSSARY OF TERMS/ABBREVIATIONS (CONT’D) RM SC SC Guidelines Ringgit Malaysia Securities Commission of Malaysia Guidelines on Unit Trust Funds issued by SC on 3 March 2008. Circulars. and shall include any Guidance Notes. only one valuation is conducted on each Business Day. For funds with foreign investments. the valuation of funds will be conducted after the close of business of Bursa Securities for the relevant day. As such. the valuation point will thus be after the close of Bursa Securities but not later than 9:00 a.

my 6 .MANAGER. Yeoh Kim Hong (Chief Executive Officer /Executive Director) Members of the Investment Committee Tan Sri Dato’ Sri Dr.amanahraya. Bandar Sri Damansara 52200 Kuala Lumpur TRUSTEES AmanahRaya Trustees Berhad (766894-T) Registered address: Tingkat 11.com. Pang Siew Han (MIA 6968) c/o Public Mutual Berhad 2nd Floor. Teh Hong Piow Tan Sri Dato’ Thong Yaw Hong (Independent) Tan Sri Dato’ Sri Tay Ah Lek Dato’ Lee Kong Lam Dato’ (Dr) Mohamed Ishak Bin Haji Mohamed Ariff (Independent) Dato’ Haji Abdul Aziz Bin Omar (Independent) Ms.my Web: http://www. Sri Damansara Business Park Persiaran Industri.com.com. Jalan Ampang 50450 Kuala Lumpur Tel: 03-2055 7388 Web: http://www.com. Wisma AmanahRaya No. TRUSTEES AND ADVISERS MANAGER Public Mutual Berhad (23419-A) Registered and business address: Block B.amanahraya. Sri Damansara Business Park Persiaran Industri. Teh Hong Piow (Non-Executive Director/Chairman) Tan Sri Dato’ Thong Yaw Hong (Non-Executive Independent Director/Co-Chairman) Tan Sri Dato’ Sri Tay Ah Lek (Non-Executive Director) Dato’ Lee Kong Lam (Non-Executive Director) Dato’ (Dr) Mohamed Ishak Bin Haji Mohamed Ariff (Non-Executive Independent Director) Dato’ Haji Abdul Aziz Bin Omar (Non-Executive Independent Director) Ms.my Business address: Tingkat 4. Tang Pueh Fong (MIA 8078) c/o Public Mutual Berhad 2nd Floor. 2. Bandar Sri Damansara 52200 Kuala Lumpur Ms. Sri Damansara Business Park Persiaran Industri. Block B. Block B. Yeoh Kim Hong Members of the Audit and Compliance Committee Tan Sri Dato’ Thong Yaw Hong Tan Sri Dato’ Sri Tay Ah Lek Dato’ Lee Kong Lam Dato’ (Dr) Mohamed Ishak Bin Haji Mohamed Ariff Dato’ Haji Abdul Aziz Bin Omar Company Secretaries Ms.publicmutual. Wisma TAS No 21. Bandar Sri Damansara 52200 Kuala Lumpur Tel: 03-6279 6800 Fax: 03-6277 9800 Hotline: 03-6207 5000 e-mail: customer@publicmutual.my Board of Directors Tan Sri Dato’ Sri Dr. Jalan Melaka 50100 Kuala Lumpur Tel: 03-2036 5000 Fax: 03-2072 0320 Web: http://www.

Wisma Amanah Raya Berhad Jalan Semantan Damansara Heights 50490 Kuala Lumpur Tel: 03-2084 8888 Business address: 3rd Floor. Singapore Branch Registered and business address: 3 Temasek Avenue #12-00 Centennial Tower Singapore 39190 Tel : 65-6328 5082 Web: http://www. NA. Menara Maybank 100. Menara Maybank 100.citibank.citigroup. Menara Maybank 100.com.MANAGER. Jalan Tun Perak. NA.com Business address: Level 7. Jalan Tun Perak 50050 Kuala Lumpur Tel: 03-2078 8363/03-2070 8833 email: mtb@maybank.com Mayban Trustees Berhad (5004-P) Registered and business address: 34th Floor. 50050 Kuala Lumpur Citibank. Bangunan CIMB Jalan Semantan Damansara Heights 50490 Kuala Lumpur Trustee’s Delegates CIMB Group Nominees (Tempatan) Sdn Bhd (274740-T) Registered Address 5th Floor. Singapore Branch Registered and business address: 3 Temasek Avenue #12-00 Centennial Tower Singapore 39190 Tel : 65-6328 5082 Web: http://www. Jalan Tun Perak.com BHLB Trustee Berhad (313031-A) Registered address: 5th Floor.my Trustee’s Delegates Malayan Banking Berhad (3813-K) Custody Services Registered address: 14th Floor. NA. 50050 Kuala Lumpur Tel: 03-2074 8158 Business address: Level 7.citibank. Bangunan CIMB Jalan Semantan Damansara Heights 50490 Kuala Lumpur Tel : 03-2084 8888 Citibank. Wisma Amanah Raya Berhad Jalan Semantan Damansara Heights 50490 Kuala Lumpur Tel : 03-2084 8888 7 . Singapore Branch Registered and business address: 3 Temasek Avenue #12-00 Centennial Tower Singapore 39190 Tel: 65-6328 5082 Web: http://www. TRUSTEES AND ADVISERS (CONT’D) Trustee’s Delegate Citibank.

Jalan Ampang 50450 Kuala Lumpur PRINCIPAL INSURANCE COMPANIES Lonpac Insurance Berhad 23rd Floor. 146. Malaysia LEGAL ADVISER Soon Gan Dion & Partners 1st Floor.1 Jalan Maarof. Limited Level 23. No. Tower C Dataran Maybank No. Menara AIA 99 Jalan Ampang 50450 Kuala Lumpur 8 .19 Jalan SS21/56B Damansara Utama 47400 Petaling Jaya Selangor Darul Ehsan PRINCIPAL BANKER Public Bank Berhad Menara Public Bank No. Menara Milenium Jalan Damanlela Pusat Bandar Damansara Damansara Heights 50490 Kuala Lumpur TAX AGENT KPMG Tax Services Sdn Bhd Level 10. Bangunan Public Bank 6. KPMG Tower 8. Jalan Sultan Sulaiman 50000 Kuala Lumpur Etiqa Insurance Berhad Level 19.MANAGER. TRUSTEES AND ADVISERS (CONT’D) AUDITORS Ernst & Young Level 23A. First Avenue Bandar Utama 47800 Petaling Jaya Selangor. Bangsar 59000 Kuala Lumpur Great Eastern Life Assurance (Malaysia) Berhad Menara Great Eastern Level 20 303 Jalan Ampang 50450 Kuala Lumpur American International Assurance Company.

7th Floor PNB Damansara No 19. Letters of consent in respect of each of the above parties have been lodged with the SC. Tax Agent.MANAGER. Auditors. Lorong Dungun Damansara Heights 50490 Kuala Lumpur The Trustees and Delegates. TRUSTEES AND ADVISERS (CONT’D) FEDERATION OF MALAYSIAN UNIT TRUST MANAGERS 19-07-3. Legal Adviser. Principal Banker and Insurers have given and have not withdrawn their written consent to the inclusion in this Prospectus of their names and statements in the manner and context in which such names and statements appear. 9 .

1994 25.6.11.85 3.4.2007 23.335 1.5 0.1 KEY FEATURES OF THE FUNDS 1.5 1.0 1.618 3.5 2.6.3.5 15.1981 11.5 1.253 0.2007 8.2006 5.5 88.2000 15.388 0.11.948 41.422 0.996 0.1.3.0 3.12.682 1.1.11.325 1.4.2006 28.5 1.6.447 1.1994 13.0 7.9 1.3.308 0.2003 19. 10 .7 5.085 0.0 1.0 3.2008 8.2009 (Billion Units) 0.2005 22.6.2008 7.5 1.457 2.172 N/A 0.7.2007 13.12.8.0 3.738 1.2001 25.5 1.0 3.625 UIC as at 1.2005 22.148 0.1.2006 28.640 0.5 4.5 3.2007 10.8 1.2004 3.5 3.1 SUMMARY OF KEY DATA OF THE FUNDS The Manager Fund Name Public Mutual Berhad (23419-A) Launch Date Category Type of Fund of Fund Trustee Approved Fund Size (Billion Units) 1.5 3.693 9.2007 11.0 1.658 0.2005 21.201 2.0 1.2007 2.11.2003 Equity Equity Equity Equity Equity Equity Equity Equity Equity Equity Equity Equity Equity Equity Equity Equity Equity Equity Equity Equity Equity Equity Balanced Balanced Balanced Bond Bond Bond Bond Money Market Capital Growth Capital Growth Capital Growth Capital Growth Capital Growth Capital Growth Capital Growth Capital Growth Capital Growth Income Capital Growth Capital Growth Capital Growth Income Capital Growth Capital Growth and Income Capital Growth Capital Growth Capital Growth Capital Growth Capital Growth Capital Growth Income and Capital Growth Income and Capital Growth Income and Capital Growth Income Income Income and Capital Growth Income Income ART ART ART MTB MTB MTB ART ART BTB ART ART BTB ART ART ART ART ART ART ART ART ART ART MTB ART ART MTB ART ART ART MTB Total This section is only a summary of the salient information about the funds and investors should read and understand the whole prospectus before making investment decisions.1992 18.2009 7.569 0.726 1.1995 23.338 0.10.4.059 1.623 0.1996 30.146 Public Savings Fund Public Growth Fund Public Index Fund Public Industry Fund Public Aggressive Growth Fund Public Regular Savings Fund Public SmallCap Fund Public Equity Fund Public Focus Select Fund Public Dividend Select Fund Public Far-East Select Fund Public Regional Sector Fund Public Global Select Fund Public Far-East Dividend Fund Public China Select Fund Public Far-East Property & Resorts Fund Public South-East Asia Select Fund Public Sector Select Fund Public Far-East Consumer Themes Fund Public China Titans Fund Public Far-East Telco & Infrastructure Fund Public Select Alpha-30 Fund Public Balanced Fund Public Far-East Balanced Fund Public Global Balanced Fund Public Bond Fund Public Institutional Bond Fund Public Enhanced Bond Fund Public Select Bond Fund Public Money Market Fund 29.0 1.032 3.2005 16.11.4.4.1.420 2.582 0.2008 1.9.5 1.375 7.0 0.4.1993 25.7.11.1984 2.283 0.5.

the fund may invest in foreign markets if the returns are assessed to be promising. principal risks and investor profile of each of the funds is tabulated below. Its equity content in terms of NAV will range in the region of 70% to 80% of the NAV of the fund. To achieve increased diversification. The fund focuses on a diversified portfolio of blue chip stocks and companies with good growth prospects that are listed primarily on Bursa Securities. The balance of the fund’s NAV will be invested in fixed income securities and liquid assets. Its equity content in terms of NAV will range in the region of 70% to 85% of the NAV of the fund. Principal Risks Market risk.KEY FEATURES OF THE FUNDS (CONT’D) The fund objective. strategy. To achieve increased diversification. Fund Name Public Savings Fund Fund Objective To achieve longterm capital appreciation while at the same time producing a reasonable level of income. the fund may invest in foreign markets if the returns are assessed to be promising. Moderate Kuala Lumpur Composite Index 11 . The fund may also invest in fixed income securities to generate additional returns. The balance of the fund’s NAV will be invested in fixed income securities and liquid assets. specific stock risk and liquidity risk. The fund may also invest in fixed income securities to generate additional returns. Investment Strategy The fund invests a minimum of 40% of its NAV in KLCI index-linked stocks with the balance invested in a diversified portfolio of blue chip stocks and companies with good growth prospects that are listed primarily on Bursa Securities. specific stock risk and liquidity risk. Market risk. Investor Profile Moderate Benchmark Kuala Lumpur Composite Index Public Growth Fund To achieve longterm capital appreciation with income considered incidental.

specific stock risk and liquidity risk. The balance of the fund’s NAV will be invested in fixed income securities and liquid assets. The fund focuses on a diversified portfolio of stocks in industries undergoing earnings recovery and growth stocks that are listed primarily on Bursa Securities. Its equity content in terms of NAV will range in the region of 80% to 95% of the NAV of the fund. Investment Strategy The fund invests a minimum of 60% of its NAV in KLCI index-linked stocks with the balance invested in a diversified portfolio of blue chip stocks and companies with good growth prospects that are listed on Bursa Securities. Investor Profile Moderate Benchmark Kuala Lumpur Composite Index Public Industry Fund To achieve a high level of capital appreciation over the medium to long term period through investments in growth industries. specific stock risk and liquidity risk. To achieve increased diversification. Principal Risks Market risk. The balance of the fund’s NAV will be invested in fixed income securities and liquid assets. Market risk. the fund may invest in foreign markets if the returns are assessed to be promising. The fund may also invest in fixed income securities to generate additional returns. Its equity content in terms of NAV will range in the region of 70% to 90% of the NAV of the fund. The fund may also invest in fixed income securities to generate additional returns. Moderate Kuala Lumpur Composite Index 12 .KEY FEATURES OF THE FUNDS (CONT’D) Fund Name Public Index Fund Fund Objective To achieve longterm capital appreciation while at the same time attempting to outperform the KLCI.

To achieve increased diversification. Its equity content in terms of NAV will range in the region of 75% to 95% of the NAV of the fund. Investor Profile Aggressive Benchmark Kuala Lumpur Composite Index Public Regular Savings Fund To achieve consistent capital growth over the medium to long term period and to achieve a steady growth in income. Investment Strategy The fund focuses on a diversified portfolio of situational stocks and high growth stocks listed primarily on Bursa Securities. the fund may invest in foreign markets if the returns are assessed to be promising. The fund focuses on a diversified portfolio of blue chip stocks and companies with good growth prospects that are listed on Bursa Securities.KEY FEATURES OF THE FUNDS (CONT’D) Fund Name Public Aggressive Growth Fund Fund Objective To seek high capital growth over the medium to long term period through investments in situational and high growth stocks. Market risk. Principal Risks Market risk. Its equity content in terms of NAV will range in the region of 70% to 80% of the NAV of the fund. specific stock risk and liquidity risk. specific stock risk and liquidity risk. Moderate Kuala Lumpur Composite Index 13 . The balance of the fund’s NAV will be invested in fixed income securities and liquid assets. The balance of the fund’s NAV will be invested in fixed income securities and liquid assets. The fund may also invest in fixed income securities to generate additional returns. The fund may also invest in fixed income securities to generate additional returns.

specific stock risk and liquidity risk. To achieve increased diversification. blue chip stocks and growth stocks that are listed primarily on Bursa Securities. Market risk. The fund may also invest in fixed income securities to generate additional returns. The fund may also invest in fixed income securities to generate additional returns. Aggressive Kuala Lumpur Composite Index 14 . Its minimum equity content is 80% of the NAV of the fund. The balance of the fund’s NAV will be invested in fixed income securities and liquid assets. Investment Strategy The fund focuses on a diversified portfolio of companies with good growth prospects with market capitalisation of RM1. The fund focuses on a diversified portfolio of index linked companies.25 billion and below that are listed on Bursa Securities. Investor Profile Aggressive Benchmark FTSE Bursa Malaysia SmallCap Index Public Equity Fund To achieve capital growth through the aggressive selection of growth stocks from diversified economic sectors.KEY FEATURES OF THE FUNDS (CONT’D) Fund Name Public SmallCap Fund Fund Objective To achieve high capital growth through investments in companies with market capitalisation of RM1. the fund may invest in foreign markets if the returns are assessed to be promising.25 billion and below with special focus on growth stocks. the fund may invest in foreign markets if the returns are assessed to be promising. The balance of the fund’s NAV will be invested in fixed income securities and liquid assets. specific stock risk and liquidity risk. Principal Risks Market risk. To achieve increased diversification. Its equity content in terms of NAV will range in the region of 70% to 80% of the NAV of the fund.

To achieve increased diversification. Investor Profile Aggressive Benchmark FTSE Bursa Malaysia Mid 70 Index Public Dividend Select Fund To provide steady recurring income by investing in a portfolio of stocks which offer or have the potential to offer attractive dividend yields. the fund may invest in foreign markets if the returns are assessed to be promising. The fund may also invest in fixed income securities to generate additional returns.KEY FEATURES OF THE FUNDS (CONT’D) Fund Name Public Focus Select Fund Fund Objective To achieve capital growth through investments in medium-sized companies in terms of market capitalisation from diversified economic sectors. Its equity content in terms of NAV will range in the region of 70% to 80% of the NAV of the fund. To achieve increased diversification. specific stock risk and liquidity risk. The fund may also invest in fixed income securities to generate additional returns. Market risk. specific stock risk and liquidity risk. The balance of the fund’s NAV will be invested in fixed income securities and liquid assets. The balance of the fund’s NAV will be invested in fixed income securities and liquid assets. Moderate Kuala Lumpur Composite Index 15 .25 billion and RM6 billion that are listed on Bursa Securities. Investment Strategy The fund focuses on a diversified portfolio of companies with good growth prospects with market capitalisation of between RM1. The fund seeks to achieve its goal of providing steady recurring income by investing in a diversified portfolio of stocks that offer or have the potential to offer attractive dividend yields. the fund may invest in foreign markets if the returns are assessed to be promising. Principal Risks Market risk. Its equity content in terms of NAV will range in the region of 75% to 90% of the NAV of the fund.

liquidity risk. specific stock risk. Principal Risks Market risk. Aggressive 90% MSCI AC Far East Ex-Japan Index and 10% 3Month Kuala Lumpur Interbank Offered Rates (KLIBOR) 16 . The fund seeks to achieve its goal of capital growth by investing in the most promising market sectors in the domestic and regional equity markets. The fund will invest in a maximum of 6 sectors but will maintain its investments in a minimum of 3 sectors at all times. The fund generally maintains equity exposures within a range of 75% to 90% against its NAV. However the equity range of the fund may be higher or lower depending on the Fund Manager’s assessment of the equity markets. Market risk.KEY FEATURES OF THE FUNDS (CONT’D) Fund Name Public FarEast Select Fund Fund Objective To seek longterm capital appreciation by investing in blue chips and growth stocks in domestic and regional markets. Investor Profile Aggressive Benchmark 30% Kuala Lumpur Composite Index and 70% MSCI AC Far East Ex-Japan Index Public Regional Sector Fund To seek longterm capital appreciation by investing in selected market sectors. The balance of the fund’s NAV will be invested in fixed income securities and liquid assets. specific stock risk. The fund may also invest in fixed income securities to generate additional returns. Investment Strategy The fund seeks to achieve its goal of capital growth by investing in blue chips and growth stocks listed on Bursa Securities and selected regional markets. currency risk and country risk. Its equity content in terms of NAV will range in the region of 75% to 90% of the NAV of the fund. currency risk and country risk. liquidity risk. The balance of the fund’s NAV will be invested in fixed income securities and money market instruments.

KEY FEATURES OF THE FUNDS (CONT’D)

Fund Name Public Global Select Fund

Fund Objective To seek long term capital appreciation by investing in equities and collective investment schemes in domestic and global markets.

Investment Strategy The fund seeks to achieve its goal of capital growth by investing directly or in collective investment schemes which focus on a diversified portfolio of blue chips, index stocks and growth stocks listed on selected global stock markets. The fund will also invest in blue chips, index stocks and growth stocks listed on selected global stock markets. The fund generally maintains equity exposures within a range of 75% to 90% against its NAV. The balance of the fund’s NAV will be invested in fixed income securities and money market instruments. The fund seeks to achieve its goal of providing income by investing in a diversified portfolio of stocks in domestic and regional markets that offer or have the potential to offer attractive dividend yields. The fund may also invest in fixed income securities to generate additional returns. The fund generally maintains equity exposures within a range of 75% to 90% against its NAV. The balance of the fund’s NAV will be invested in fixed income securities and money market instruments.

Principal Risks Market risk, specific stock risk, liquidity risk, currency risk and country risk.

Investor Profile Aggressive

Benchmark 90% MSCI All Country World Index and 10% 1-Month Kuala Lumpur Interbank Offered Rates (KLIBOR)

To provide Public FarEast Dividend income by Fund investing in a portfolio of stocks in domestic and regional markets which offer or have the potential to offer attractive dividend yields.

Market risk, specific stock risk, liquidity risk, currency risk and country risk.

Moderate

30% Kuala Lumpur Composite Index and 70% MSCI AC Far East Ex-Japan Index

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KEY FEATURES OF THE FUNDS (CONT’D)

Fund Name Public China Select Fund

Fund Objective To achieve capital growth over the medium to long-term period by investing in a portfolio of investments in the greater China region namely in Hong Kong, China and Taiwan markets and including China based companies listed on overseas markets. The fund may also invest in companies listed on Bursa Securities and other foreign markets which have significant or potentially significant business operations in the greater China region.

Investment Strategy The fund seeks to achieve its goal of capital growth by investing in a portfolio of investments in the greater China region namely in Hong Kong, China and Taiwan markets and China based companies listed on overseas markets. The fund may also invest in companies listed on the domestic and other foreign markets which have significant or potentially significant business operations in the greater China region. These companies include companies which have at least 30% of their earnings currently derived from the greater China region or have business operations in the greater China region which are projected to contribute at least 30% of group earnings in the next two to three years. The fund generally maintains equity exposures within a range of 75% to 90% against its NAV. The balance of the fund’s NAV will be invested in fixed income securities and money market instruments.

Principal Risks Market risk, specific stock risk, liquidity risk, currency risk and country risk.

Investor Profile Aggressive

Benchmark MSCI Golden Dragon Index

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KEY FEATURES OF THE FUNDS (CONT’D)

Fund Name Public FarEast Property & Resorts Fund

Fund Objective Seeks to achieve capital growth over the medium to long term period by investing in companies that are principally engaged in property investment and development, hotel and resorts development and investment and real estate investment trusts (REITs) in domestic and regional markets. The fund may also invest in companies which have significant property or real estate assets.

Investment Strategy The fund seeks to achieve its goal of capital growth by investing in companies that are principally engaged in property investment and development, hotel and resorts development and investment and real estate investment trusts (REITs) in domestic and regional markets. The fund may also invest in companies which have significant property or real estate assets, i.e. companies which have at least 70% of their assets comprised of property or real estate assets. Its equity content in terms of NAV will range in the region of 75% to 90% of the NAV of the fund. The balance of the fund’s NAV is invested in fixed income securities and liquid assets.

Principal Risks Market risk, specific stock risk, liquidity risk, currency risk and country risk.

Investor Profile Moderate

Benchmark Based on the constituents within the real estate sector of Standard & Poor’s BMI Asia Pacific Index customised to 20% Japan, 20% Australia, 20% Malaysia and the balance 40% for the rest of the countries within the index universe currently including China ‘H’ Shares, Hong Kong, Indonesia, New Zealand, Philippines, Singapore, Taiwan, Korea and Thailand. The real estate sector are as defined by the thencurrent Global Industry Classification Standard (GICS).

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KEY FEATURES OF THE FUNDS (CONT’D)

Fund Name Public SouthEast Asia Select Fund

Fund Objective To achieve capital growth over the medium to long-term period by investing in a portfolio of investments in South-East Asia markets.

Investment Strategy The fund seeks to achieve its goal of capital growth by investing in a diversified portfolio of blue chips, index stocks and growth stocks listed on SouthEast Asia stock markets. The fund may also invest in fixed income securities such as sovereign bonds, corporate debt and money market instruments to help generate returns. The fund generally maintains equity exposures within a range of 75% to 95% against its NAV. The balance of the fund’s NAV will be invested in fixed income securities. The fund seeks to achieve the long-term goal of capital growth by identifying the market sectors in the domestic market which offer the most promising investment returns. The fund will invest in a maximum of 6 of the most promising sectors determined by the Fund Manager. To ensure sufficient diversification, the fund will maintain investments in a minimum of 3 sectors at all times. The fund generally maintains equity exposures within a range of 75% to 95% against its NAV. The balance of the fund’s NAV will be invested in fixed income securities and liquid assets.

Principal Risks Market risk, specific stock risk, liquidity risk, currency risk and country risk.

Investor Profile Aggressive

Benchmark 35% Straits Times Index, 30% Kuala Lumpur Composite Index, 15% Jakarta Composite Index, 15% Stock Exchange of Thailand Index and 5% Philippines Stock Exchange Index

Public Sector Select Fund

To seek longterm capital appreciation by investing in a portfolio of securities from selected market sectors in the domestic market.

Market risk, specific stock risk and liquidity risk.

Aggressive

Kuala Lumpur Composite Index

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The selected sectors are the Consumer Discretionary and Consumer Staples sectors as defined by the thencurrent Global Industry Classification Standard (GICS) 21 . The fund may also invest in multinational corporations in the consumer sector which have a presence in the Far-East region and are listed on the United States. liquidity risk. mainly equities. Philippines. China ‘H’ Shares.KEY FEATURES OF THE FUNDS (CONT’D) Fund Name Public Far-East Consumer Themes Fund Fund Objective To achieve long term capital appreciation by investing in securities. Thailand. The balance of the fund’s NAV will be invested in domestic fixed income securities and liquid assets. Hong Kong. specific stock risk. mainly equities. The fund generally maintains equity exposures within a range of 75% to 90% against its NAV. Europe and Australian markets. in the consumer sector in the domestic and foreign markets. Investor Profile Aggressive Benchmark A customised index based on constituents within the selected sectors of the Standard & Poor’s BMI Asia ExJapan Index comprising Malaysia. Singapore. Taiwan and South Korea. Principal Risks Market risk. Investment Strategy The fund seeks to achieve the long-term goal of capital growth by investing in securities. Indonesia. in the consumer sector in the domestic and foreign markets. currency risk and country risk.

Investor Profile Aggressive Benchmark 40% Hang Seng China Enterprises Index.KEY FEATURES OF THE FUNDS (CONT’D) Fund Name Public China Titans Fund Fund Objective To achieve capital growth over the medium to long-term period by investing in companies with market capitalisation of RM10 billion and above in the greater China region namely China. 30% Hang Seng Index and 30% TSEC Taiwan 50 Index 22 . liquidity risk. Principal Risks Market risk. The fund generally maintains equity exposures within a range of 75% to 90% against its NAV. Hong Kong and Taiwan markets and including China based companies listed on overseas markets. currency risk and country risk. Investment Strategy The fund invests in companies with market capitalisation of RM10 billion and above in the greater China region namely China. Hong Kong and Taiwan markets and including China based companies listed on overseas markets. specific stock risk. The balance of the fund’s NAV will be invested in fixed income securities and money market instruments.

currency risk and country risk. 23 . Investor Profile Aggressive Benchmark A customised index based on the constituents within the selected sectors of the Standard & Poor’s BMI Asia ExJapan Index comprising Malaysia. Investment Strategy The fund seeks to achieve long-term capital growth by focusing its investment in the telecommunications.KEY FEATURES OF THE FUNDS (CONT’D) Fund Name Public FarEast Telco & Infrastructure Fund Fund Objective To achieve capital growth over the medium to long term period by investing in securities. infrastructure and utilities sectors in FarEast markets. infrastructure and utilities sectors in the domestic and foreign markets. Principal Risks Market risk. 40% Telecommunication Service. The fund generally maintains equity exposures within a range of 75% to 90% against its NAV. specific stock risk. China ‘H’ Shares. 30% Construction & Materials and 30% Utilities sectors. Taiwan and South Korea. Singapore. Hong Kong. The above sectors are defined by the thencurrent Global Industry Classification Standard (GICS). mainly equities. liquidity risk. The selected sectors are customised to the following weights i. The balance of the fund’s NAV will be invested in fixed income securities and liquid assets. Indonesia. in the telecommunications.e. Thailand. Philippines.

interest rate risk. Investment Strategy The fund seeks to achieve its goal of capital growth by investing in up to a maximum of 30 stocks primarily listed on Bursa Securities. A significant portion of the balance of fund’s NAV will be invested in fixed income securities to generate the required recurring income. the fund may invest in selected foreign markets if the returns are assessed to be promising. To achieve increased diversification. The fund invests 40% to 60% of its NAV in a diversified portfolio of blue chip stocks and companies with good growth prospects that are listed primarily on Bursa Securities. The equity range may be lower depending on the Fund Manager’s assessment of the equity markets. Market risk.KEY FEATURES OF THE FUNDS (CONT’D) Fund Name Public Select Alpha-30 Fund Fund Objective To achieve capital growth over the medium to long term period by investing in up to a maximum of 30 stocks primarily listed on Bursa Securities. The fund generally maintains equity exposures within a range of 75% to 95% against its NAV. the fund may invest in foreign markets if the returns are assessed to be promising. Conservative Public to moderate Balanced Equity Index (PBEIX) is a hybrid index whose value is subject to the daily changes in the KLCI and the 3-month Kuala Lumpur Interbank Offered Rates on a 60:40 basis. Principal Risks Market risk. To achieve increased diversification. specific stock risk and liquidity risk. credit risk and liquidity risk. specific stock risk. Investor Profile Aggressive Benchmark Kuala Lumpur Composite Index Public Balanced Fund To provide a steady income and capital growth over the medium to long-term period. The balance of the fund’s NAV may be invested in fixed income securities and money market instruments to generate additional returns. 24 .

KEY FEATURES OF THE FUNDS (CONT’D)

Fund Name Public Far-East Balanced Fund

Fund Objective To provide income and capital growth over the medium to long-term period.

Investment Strategy The fund invests 40% to 60% of its NAV in a diversified portfolio of blue chip stocks and companies with good growth prospects that are listed on selected regional markets. The equity range may be lower depending on the Fund Manager’s assessment of the equity markets. A significant portion of the balance of fund’s NAV will be invested in fixed income securities to generate the required recurring income.

Principal Risks

Investor Profile

Benchmark 60% MSCI AC Far East Ex-Japan Index and 40% 3-month Kuala Lumpur Interbank Offered Rates

Market risk, Conservative specific stock to moderate risk, interest rate risk, credit risk, liquidity risk, currency risk and country risk.

Public Global Balanced Fund

To provide income and capital growth over the medium to long-term period by investing in equities, collective investment schemes and fixed income securities in domestic and global markets.

The fund seeks to achieve its goal of providing income and capital growth over the medium to long term period by investing directly or in collective investment schemes which focus on a diversified portfolio of blue chips, index stocks and growth stocks listed on selected global stock markets. The fund will also invest in blue chips, index stocks and growth stocks on selected global markets. Its equity content will range in the region of between 40% to 60% of the NAV of the fund. The balance of the fund’s NAV will be invested in fixed income securities and liquid assets.

Market risk, Conservative specific stock to moderate risk, interest rate risk, credit risk, liquidity risk, currency risk and country risk.

60% MSCI All Country World Index and 40% 3-month Kuala Lumpur Interbank Offered Rates

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KEY FEATURES OF THE FUNDS (CONT’D)

Fund Name Public Bond Fund

Fund Objective To provide a steady stream of income returns through investment in the money market and private debt securities.

Investment Strategy The fund invests in a diversified portfolio of fixed income securities comprising sovereign bonds, private debt securities and money market instruments. The fund may also invest in redeemable loan stocks with convertible features to enhance overall returns. To achieve increased diversification, the fund may invest in foreign fixed income securities if the returns are assessed to be promising. The fund invests in a diversified portfolio of fixed income securities comprising sovereign bonds, private debt securities and money market instruments. 50% of the fund’s holdings of fixed income securities must be in bonds of credit ratings no lower than AA with the balance of its bond holdings invested in bonds with minimum credit ratings of A. The fund may also invest in redeemable loan stocks with convertible features to enhance overall returns. The fund invests primarily in a diversified portfolio of fixed income securities comprising sovereign bonds, private debt securities, redeemable loan stocks with convertible features and money market instruments. The fund may invest up to 20% of its NAV in equities comprising largely defensive stocks to enhance the fund’s returns. To achieve increased diversification, the fund may invest in foreign securities if the returns are assessed to be promising.

Principal Risks Interest rate risk, credit risk and liquidity risk.

Investor Profile Conservative

Benchmark 12-month fixed deposits rate quoted by Malayan Banking Berhad

Public Institutional Bond Fund

To provide annual income through investment in private debt securities.

Interest rate risk, credit risk and liquidity risk.

Conservative

Corporate Bond Index - 1 Year And Above

Public Enhanced Bond Fund

Seeks to provide a combination of annual income and modest capital growth primarily through a portfolio allocation across quality bonds and equities.

Interest rate risk, credit risk and liquidity risk.

Conservative to moderate

12-month fixed deposits rate quoted by Malayan Banking Berhad

26

KEY FEATURES OF THE FUNDS (CONT’D)

Fund Name Public Select Bond Fund

Fund Objective To provide annual income through investments in fixed income securities which have a remaining maturity of 7 years and below and money market instruments.

Investment Strategy The fund seeks to provide annual income by investing in a portfolio of fixed income securities which have a remaining maturity of 7 years and below. Investments in redeemable loan stocks with convertible features to enhance the fund’s returns are also considered. The fund invests in short-term money market instruments comprising bankers’ acceptances and negotiable instruments of deposits (NIDs) and short-dated private debt securities which include commercial papers. The fund is permitted to invest up to 10% of its NAV in fixed income instruments with maturity periods exceeding 365 days but not longer than 732 days.

Principal Risks Interest rate risk, credit risk and liquidity risk.

Investor Profile Conservative

Benchmark 12-month fixed deposits rate quoted by Malayan Banking Berhad

Public Money To provide Market Fund liquidity and current income, while maintaining capital stability.

Interest rate risk, credit risk and liquidity risk.

Conservative

3-month Kuala Lumpur Interbank Offered Rates

You may refer to Chapter 3: Detailed Information on The Funds for a better understanding of the characteristics and objective of each fund, and help you to decide on the fund that is most compatible with your personal investment temperament and long term financial goals. The names of the designated Fund Managers are tabulated in Chapter 3: Detailed Information on The Funds. For profiles of designated Fund Managers, please refer to pages 183 to 187 of Chapter 9: The Manager. For more information on the Trustees, please refer to Chapter 10: The Trustees. There are risks involved in investing with the funds. The general risks of investing with unit trust funds are tabulated in Chapter 2: About Unit Trust Funds, while information on specific fund risks are presented in Chapter 3: Detailed Information on The Funds. The funds are governed by a master deed dated 28 January 1999, a first supplemental master deed dated 30 April 1999, a second supplemental master deed dated 28 October 1999, a third supplemental master deed dated 22 May 2000, a fourth supplemental master deed dated 29 May 2000, a fifth supplemental master deed dated 23 October 2000, a seventh supplemental master deed dated 24 July 2001, an eighth supplemental master deed dated 30 April 2002, a ninth supplemental master deed dated 22 April 2003, a tenth supplemental master deed dated 1 December 2003, an eleventh supplemental master deed dated 3 November 2004, a twelfth supplemental master deed dated 27 December 2004, a thirteenth supplemental master deed dated 13 April 2005, a sixteenth supplemental master deed dated 25 October 2005, an eighteenth supplemental master deed dated 22 February 2006, a twentieth supplemental master deed dated 1 September 2006, a twenty first supplemental master deed dated 6 November 2006, a twenty second supplemental master deed dated 20 December 2006, a twenty fourth supplemental master deed dated 13 April 2007, a twenty fifth supplemental master deed dated 28 May 2007, a twenty sixth supplemental master deed dated 27 June 2007, a twenty seventh supplemental master deed dated 10 July 2007, a twenty ninth supplemental master deed dated 20 July 2007, a thirty first supplemental master deed dated 26 September 2007, a thirty fourth supplemental master deed dated 17 December 2007, a thirty fifth supplemental master deed dated 17 December 2007, a thirty sixth supplemental master deed dated 17 March 2008, a thirty seventh supplemental master deed dated 11 April 2008 and a forty first supplemental master deed dated 8 July 2008.

27

KEY FEATURES OF THE FUNDS (CONT’D)

1.2 FEES AND CHARGES
A summary of all fees and charges of the funds is shown below: Charges Imposed on Sale or Purchase of Units This table describes the charges that you may directly incur when you buy or redeem units of the funds. %/RM Charges Service Charge per Unit Equity and Balanced Funds Purchase of units through agents: Up to 5.5% of NAV per unit. Purchase of units through the Manager: Up to 5.5% of NAV per unit. The Manager may at its discretion charge a lower service charge subject to qualifying criterion. Investors investing under the EPF Members’ Investment Scheme will be levied a service charge of up to 3% of NAV per unit, as regulated by EPF. Repurchase Charge per Unit Switching Charges Transfer Charges Nil. Unitholders may incur charges on their switching transactions. Please refer to page 31 for the charges that are involved. An administration fee of RM25 will be charged for each transfer transaction. Bond and Money Market Funds Purchase of units through agents: Up to 0.25% of NAV per unit. Purchase of units through the Manager: Up to 0.25% of NAV per unit. The Manager may at its discretion charge a lower service charge subject to qualifying criterion.

Bank charges, courier charges and any other indirect charges incurred as a result of redemptions will be borne by the investor. Fees Incurred on Investing in The Funds There are annual operating expenses involved in running a fund such as the management fee, trustee fee, custodian fee, audit fees, and other direct administrative costs. These expenses are deducted from the gross income of the fund.

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80% per annum of NAV.000 and a maximum fee of RM600.000 and a maximum fee of RM300.035% per annum of NAV. PFECTF. PIF.375% per annum of the NAV.5% per annum of the NAV. PEBF: 0. P SmallCap. PBF. PFSF. PEF.KEY FEATURES OF THE FUNDS (CONT’D) This table describes the fees that you may indirectly incur when you invest in the funds. PFECTF and PFETIF: 1.75% per annum of the NAV. subject to a minimum fee of RM18.000 per annum.000 per annum. PSEASF. PRSF: 0. Fees Annual Management Fee %/RM Equity and Balanced Funds PSF.000 and a maximum fee of RM450.5% per annum of the NAV.70% per annum of the NAV. Annual Trustee Fee PSF. PGF. PMMF: 0.000 and a maximum fee of RM400. PGSF.07% per annum of NAV. PSSF and PSA30F: 1. subject to a minimum fee of RM18. PAGF.045% per annum of NAV. PCSF.000 per annum. Any other fees payable by an investor Nil. Charges and Expenses.000 and a maximum fee of RM300.000 per annum.000 and a maximum fee of RM350. PFEBF and PCTF: 1. PAGF. PIF.06% per annum of NAV. PEBF: 1. PFEPRF. PIX.08% per annum of NAV.000 per annum. subject to a minimum fee of RM18. PFEPRF. PDSF and PFES: 0. There are fees and charges involved and investors are advised to consider them before investing in the funds. PRSF. PFSF and PRSEC: 0. you may refer to Chapter 7: Transaction Information and Chapter 8: Fees. subject to a minimum fee of RM18.07% per annum of NAV. subject to a minimum fee of RM18. PFEBF and PGBF: 0. charges and expenses of the funds. PSSF. PCSF. PDSF. PGSF and PGBF: 1. PFEDF. P SmallCap. PEF.000 per annum. PFES. subject to a minimum fee of RM18.035% per annum of NAV.000 per annum. PFEDF. Money Market Fund PMMF: 0. For more details on fees. PIN BOND and PSBF: 0. PRSEC.55% per annum of the NAV. PCTF. subject to a minimum fee of RM18. Bond Funds P BOND and PSBF: 0. PSA30F. PIN BOND: 0.02% per annum of NAV. P BOND: 0.0% per annum of the NAV. PFETIF. subject to a minimum fee of RM18. PBF.000 and a maximum fee of RM450. PIX.000 per annum. PGF. 29 . PSEASF.

000 : RM1. be it when buying or redeeming units of the funds.KEY FEATURES OF THE FUNDS (CONT’D) 1.000 : RM1. Investors may contact the Customer Service or branch to further confirm the unit prices if they so desire. although Bursa Securities is open for business. (Please refer to pages 170 and 171 for illustrations on purchase and redemption of units by investors).000 : 1. it. a service charge of up to 3% of NAV per unit is levied for equity and balanced funds (as regulated by EPF).000. The Manager does not impose a repurchase charge on the sale of units of funds by investors. The Manager may at its discretion charge a lower service charge subject to qualifying criterion.25% of NAV per unit is levied for bond and money market funds.000 units RM100 Notes: * In the event that purchase and repurchase requests are received by the Manager on days which are non-Business Days. whilst a service charge of up to 0. (Please refer to page 116 for more information on valuation of investments in such circumstances). if some of the foreign markets in which the funds are invested therein are closed for business. Note: The Manager may declare certain days to be non Business Days. This ensures that there will always be a market for the units.000 RM1. For investors investing under the EPF Members’ Investment Scheme. cannot be held liable for any error in prices finally published in the press since that would be beyond its realm of control. This is to ensure that investors will be given a fair valuation of the funds at all times. This elaboration holds particular significance on the issue of entitlement to distribution payable by a fund at the close of its financial year/period.000 units : 1. Minimum Initial & Additional Investment PIN BOND PMMF All funds except PIN BOND and PMMF Minimum Account Balance PIN BOND All funds except PIN BOND Minimum Initial Investment : RM10.000. A notice will be posted on Public Mutual’s website to notify investors. however.3 INFORMATION ON TRANSACTION OF UNITS Unit Transactions Units may be bought or sold daily on any Business Day*. Upon the purchase of units of the funds by investors. ** 30 . There is a single price for the buying and selling of units of the funds which is at NAV per unit of the respective funds. a service charge of up to 5.000. then such requests will automatically be carried forward to the first Business Day following therefrom.5% of NAV per unit is levied for equity and balanced funds.000 Minimum Additional Investment RM5. Public Mutual buys from and sells units to unitholders during Business Days. Unit prices of the funds are published daily under the Unit Trusts Column in major newspapers**. While the Manager can ensure that the prices forwarded to the press for publication are accurate.

000.000 units. PIN BOND : 1. the cooling-off period will commence from the date of receipt of application form by Public Mutual. This cooling-off right. Unitholders may redeem units on any Business Day and receive payment of repurchase proceeds within 10 Days.000 units in the case of PIN BOND) in his account with the fund.Loaded units # Bond/Money Market funds . The conditions for switching are set out below: To Recipient Fund Switching From Equity/Balanced funds Equity/ Balanced funds At NAV + RM25 At NAV + RM25 At NAV + Service Charge Money Market funds Bond funds At NAV + RM25 At NAV + RM25 At NAV + RM25 At NAV Bond/Money Market funds . The minimum transaction per switch is 1. the staff of Public Mutual. Low-load units are units which have incurred a service charge of 0. the Manager may elect to repurchase the entire account if the effect thereof would be that the unitholder holds less than 1. For EPF unitholder.KEY FEATURES OF THE FUNDS (CONT’D) Cooling-Off Period Investors who are investing with Public Mutual for the first time may exercise their cooling-off right within 6 Business Days from the date of receipt of the application form and payment by Public Mutual and receive a full refund of the investment paid within 10 days of receipt of cooling-off notice by the Manager.25% or less at the point of purchase.000 units (1.000. however. shall not extend to a corporation or institution. (Please refer to page 171 for more information on cooling-off proceeds). There is no restriction on the frequency of repurchase.000 units In the case of partial repurchase. and persons registered to deal in its unit trust funds.Low-load units ## At NAV At NAV Notes: # Loaded units are units which have incurred a service charge of 3% or more at the point of purchase.000.000 units All funds except PIN BOND : 1.000 units for all funds except PIN BOND which is at 1. ## 31 . Repurchase of Units Minimum Repurchase Units Switching Between Funds Unitholders may switch their investments between funds under the Public Series of Funds and Public Series of Shariah-Based Funds on any Business Day.

An administration fee of RM25 will be charged for each transaction. 32 . or if the switching request is made within twenty one (21) days of the date of purchase of units/switching into that fund. Transfer of Units A unitholder may fully or partially transfer his units in the fund. The terms and conditions of free insurance shall apply. The amount of insurance is equal to the number of units invested in the ratio of RM1 insurance coverage for 1 unit each.000 per unitholder of the fund. the Manager may reject switching requests based on the investor’s history of excessive switching which is contrary to the best interest of the funds and unitholder.000 at any point of time. For PFEBF and PGBF. As such. persons who are first named in the account/register) are entitled to the free insurance. This transfer facility is not available to PIN BOND.000 units. The amount of insurance is equal to the net asset value of units held in the ratio of RM1 insurance coverage for every RM1 net asset value of units held. 1. Only individual investors who are first holders (i. subject to a maximum amount of RM100. Unitholders under the EPF Members Investment Scheme are also entitled to the free insurance. As an example. subject to a maximum amount of RM100. free Group Term Life with Total and Permanent Disability plus Group Personal Accident Insurance is provided for unitholders aged between 18 to 59 years with a minimum investment of 5. The minimum transaction per transfer is 1.KEY FEATURES OF THE FUNDS (CONT’D) The Manager reserves the right to reject any switching request:(a) (b) (c) that it regards as disruptive to efficient portfolio management. PFEBF and PGBF For PBF. or if deemed by the Manager to be contrary to the best interest of the fund. As switching of units is considered a withdrawal of investment from a unit trust fund and an application to purchase units of another unit trust fund.000 units at any point of time.000 per unitholder of the funds.4 FREE INSURANCE FOR PBF. switching requests which are rejected by the Manager would be treated as a redemption of units from a unit trust fund and a rejection of application to purchase units in the intended unit trust fund. free Group Term Life with Total and Permanent Disability plus Group Personal Accident Insurance is provided for unitholders aged between 18 to 59 years with a minimum net asset value of RM5. PFEBF and PGBF.e. Please refer to the brochure on Free Insurance for PBF. unitholders will receive payment of redemption proceeds in the event of a rejection in switching request.

33 . If income is distributed. Income distributions are declared at the end of each financial year. or for any specified period as may be approved by the Trustee. however. it will be forwarded to the unitholders by cheques.5 DISTRIBUTION POLICY Fund Name Equity Funds Public Savings Fund Public Growth Fund Public Index Fund Public Industry Fund Public Aggressive Growth Fund Public Regular Savings Fund Public SmallCap Fund Public Equity Fund Public Focus Select Fund Public Dividend Select Fund Public Far-East Select Fund Public Regional Sector Fund Public Global Select Fund Public Far-East Dividend Fund Public China Select Fund Public Far-East Property & Resorts Fund Public South-East Asia Select Fund Public Sector Select Fund Public Far-East Consumer Themes Fund Public China Titans Fund Public Far-East Telco & Infrastructure Fund Public Select Alpha-30 Fund Balanced Funds Public Balanced Fund Public Far-East Balanced Fund Public Global Balanced Fund Bond Funds Public Bond Fund Public Institutional Bond Fund Public Enhanced Bond Fund Public Select Bond Fund Money Market Fund Public Money Market Fund Annual income Annual income Annual income Annual income Annual income Incidental Incidental Incidental Incidental Incidental Incidental Incidental Incidental Incidental Incidental Incidental Incidental Annual income Incidental Incidental Incidental Annual income Incidental Annual income Incidental Incidental Incidental Incidental Incidental Incidental Distribution Policy Each of the funds carries a distribution policy which is in line with the objective of the fund. Unitholders may. to the latest address shown in the Register. Please refer to Chapter 3: Detailed Information on The Funds for more information on the distribution policy and Chapter 4: Performance of The Funds for past distributions of the respective funds. choose to reinvest the distribution by selecting the appropriate option in the Application Form.KEY FEATURES OF THE FUNDS (CONT’D) 1.

No service charge will be imposed on distribution reinvestments. computed at the close of the first Business Day following the distribution date. the distributions will be reinvested at NAV per unit. 34 . Past performance of the funds is not an indication of their future performance. Unit prices and distributions payable. may go down as well as up. consult their adviser(s). The reinvestment will be executed based on the NAV per unit of the fund on the closing of the fifteenth day of the following month or such earlier date as may be determined by the Manager. computed at the close of the first Business Day following the distribution date. see “risk factors” commencing on page 35. if necessary. Where there are Standing Instructions to reinvest distributions. Prospective unitholders should read and understand the contents of the prospectus and. A unitholder must notify the Manager within 14 Business Days prior to each date fixed for the distribution of any change in his distribution instructions. Auto-Reinvestment of Distribution Amount of Less Than RM100 Payment of distribution of an amount less than RM100 per account will automatically be reinvested on behalf of the unitholder at NAV per unit. Auto-Reinvestment of Distribution Cheques upon Lapse of Six Months Cheque Validity Period For distribution cheques which are unpresented by unitholders after expiry of the six months cheque validity period (from the date of the distribution cheque). if any.KEY FEATURES OF THE FUNDS (CONT’D) Distribution reinvestments will be effected on the first Business Day following the distribution date. the Manager shall reinvest the distributions through the purchase of additional units of the applicable fund on their behalf. For information concerning certain risk factors which should be considered by prospective investors.

but it. unit trusts also provides other recognised benefits that makes them attractive relative to other investment avenues. unit trust investments provide the opportunity to reap capital growth as part of the return on a unitholder’s investment. Diversification: Diversification involves the process of spreading risk over a broad portfolio of stocks and bonds in different companies. Professional Management: Unit trusts either engage or maintain in-house professional fund managers with the expertise and resources to manage the assets of the fund. or other specialised instruments. 3. collective investment scheme that pools unitholders’ monies and invests it toward a specific goal as declared by the investment objective of the scheme. Such movements in the underlying values of the shares of the investment portfolio will cause the NAV or prices of units to fall as well as rise. A unit trust scheme may be illustrated as a tripartite relationship between the manager. This can only be done with substantial amounts of monies to buy a wide variety of stocks. to medium-to-long term investors through investing in a broadly diversified portfolio of stocks and bonds. The Securities Commission regulates the industry as well as the operations and administration of unit trust schemes through the CMSA 2007 and the Guidelines on Unit Trust Funds. Therefore. nevertheless. leading thus to the loss in purchasing power per Ringgit principal to the saver. Capital Gains: Through participation in securities. Among them are as follows: 1. Unit trusts facilitate the diversification process through providing small investors with an avenue to pool their savings for the purchase of a diversified portfolio of stocks and bonds that will bring returns at lower risks to unitholders compared with investing directly in stock markets. 5. stock values fluctuate in response to the activities of individual companies. the trustee and unitholders governed by a legally binding deed registered with the Securities Commission. and general market or economic conditions. Keeping one’s savings in fixed term deposits may probably be the safest on an investment risk-return continuum. Direct investment in the share market or stocks will subject the investor to the specific risk of falling share prices without reprieve offered by the benefit of portfolio diversification or fund management expertise available under collective investment schemes. The investors thus benefit from this professional fund management of their investments in the fund at an affordable (shared) cost.3 RISK FACTORS Any investment carries with it an element of risk. otherwise known as the inflation or purchasing power risk. countries or regions.1 THE UNIT TRUST FUND A unit trust fund is a professionally managed. Where the unit trust participates in stock market-related investments. 4. and income produced by the fund may also fluctuate. the following risks become key considerations: 1. Such a scheme usually aims to provide above-average returns in the form of income distribution and capital growth with reasonable risks. carries with it the risk of negative return when the rate of inflation is higher than the rate of interest return received on fixed deposits. 2. Market Risks: The purchase of equities represents a risk since the prices of stocks underlying the NAV of the fund fluctuate in response to many factors. 35 . sectors. A unit trust fund is exposed to a variety of risks by nature of the investment schemes it is engaged in. Ease of Transactions: Unit trusts do not require cumbersome administrative or paperwork or record keeping on the part of unitholder in managing his investments. Liquidity: Unitholders may redeem all or part of their units on any business day and have their proceeds mailed to them within 10 days. 2. 2.2 ABOUT UNIT TRUST FUNDS 2.2 BENEFITS OF INVESTING IN UNIT TRUSTS Besides the potential for capital growth over the long-term period.

The interest rate here refers to the general interest rate of the country which may affect the value of investment even if the fund (e. Fluctuations in foreign exchange rates will affect the value of the fund’s foreign investments upon conversion to local currency and subsequently impact the value of the unitholders’ investments. the securities may be sold at a discount to its fair value. Credit Risk: Credit risk refers to an issuer’s ability to make timely payments of interest and principal. the returns on unit trusts are not guaranteed and may not be earned evenly over time. This risk is minimised through the process of stock selection and portfolio diversification by the fund managers. Further. 5. Currency Risk: Where a percentage of the value of a fund is invested in foreign currency or assets denominated in foreign currency. hence affecting the value of the unit trust fund. this will lower the value of your investment. the value of the unit trust fund may be adversely affected. investors of unit trust funds need also to consider the following: 1. 3. In addition to the above. 4. In addition. Country Risk: Overseas investments of the fund may be affected by changes in the political and economic conditions of the country in which the investments are made. If a unit trust fund has a large portfolio of securities that are less liquid or difficult to sell. 3. Such political and economic factors may influence the growth and development of business enterprises and impact the stock prices of listed companies. or suffer the higher cost of financing when interest rates trend upwards. be minimised through the process of portfolio diversification by the fund managers. bond (fund) prices move in the opposite direction of interest rates. 2. However the risk can be mitigated by internal controls put in place by the Manager. however. Liquidity Risk: Liquidity risk is defined as the ease with which a security can be sold at or near its fair value depending on the volume traded on the market.g. leading to a decrease in their credit worthiness and default in the payment of interest and principal. the fund may be exposed to currency fluctuation risks. Loan Financing Risk: It is considered not advisable for unitholders to finance the purchase of fund units through borrowings. The price/value of units will fluctuate with the underlying fund portfolio and unitholders may find themselves faced with the scenario of being forced to provide additional funds to top up on their loan margins when the market goes down. In the event that the issuer of the instrument is faced with financial difficulties. 2. If interest rates rise and bond (and bond fund) prices fall. both these events increase the potential for capital loss.ABOUT UNIT TRUST FUNDS (CONT’D) 2. investment in bonds brings forth the following specific investment risks: 1. 36 . Please refer to Chapter 3: Detailed Information on The Funds for information on fund specific risks and risk management. Shariah-based fund) does not invest in interest-bearing instruments. This impact can. Interest Rate Risk: Generally. Manager’s Risk: The risk that investment decisions undertaken by the Manager may adversely affect the performance of the fund. Particular Stock Risk: Any major price fluctuations of a particular stock invested by the fund may affect the NAV and thus impact (adversely or favourably) on the prices of units. Risk of Non-Compliance: The risk arising from non-conformance with regulations and internal policies and procedures by the manager which may adversely affect the investment of unitholders.

on the other hand.2).3 DETAILED INFORMATION ON THE FUNDS 3. fixed income fund and money market fund. would focus on attaining a balance between long-term capital growth and income by investing partly in stocks/shares (though not to the same extent as an equity fund). the key difference between them lies in the selection of equity range of the individual funds and their fund-specific investment strategies as set out in this prospectus. bond fund.1 CATEGORIES OF FUNDS Public Mutual currently promotes various categories of funds. to be categorised as an equity fund denotes that a higher proportion of the fund assets will be invested in stocks/shares in order to secure capital growth for unitholders. and partly in fixed income securities (but to a lesser extent than a bond fund). invests primarily in short-term debentures and money market instruments to secure and distribute annual income to unitholders. bonds and money market instruments.5). investment restrictions (paragraph 3.3). valuation of authorised investments (paragraph 3. Generally. A balanced fund. namely equity fund. concentrates chiefly on investing in fixed income securities to secure and distribute annual income to unitholders. A money market fund. authorised investments (paragraph 3. A bond/fixed income fund. in turn.4). with income considered incidental.7). In terms of these fund categories. 37 . For the equity funds managed by Public Mutual. balanced fund. investment risks and risk management (paragraph 3. The forthcoming paragraphs under this Chapter provides further information on the funds’ profiles (paragraph 3. the difference among them lies with the (asset) allocation among the various asset classes i.e. it is important to note that whilst the general investment strategies pertaining to the respective funds are almost similar.6) and policy on gearing (paragraph 3. however. resulting thus in different emphasis being placed on capital growth and income. with capital growth considered incidental to the investment process. between equities.

62 Pages 63 .80 Pages 81 .47 Pages 48 .40 Pages 41 .64 Pages 65 . policy.73 Pages 74 . Equity Funds Public Savings Fund Public Growth Fund Public Index Fund Public Industry Fund Public Aggressive Growth Fund Public Regular Savings Fund Public SmallCap Fund Public Equity Fund Public Focus Select Fund Public Dividend Select Fund Public Far-East Select Fund Public Regional Sector Fund Public Global Select Fund Public Far-East Dividend Fund Public China Select Fund Public Far-East Property & Resorts Fund Public South-East Asia Select Fund Public Sector Select Fund Public Far-East Consumer Themes Fund Public China Titans Fund Public Far-East Telco & Infrastructure Fund Public Select Alpha-30 Fund Balanced Funds Public Balanced Fund Public Far-East Balanced Fund Public Global Balanced Fund Bond Funds Public Bond Fund Public Institutional Bond Fund Public Enhanced Bond Fund Public Select Bond Fund Money Market Fund Public Money Market Fund Abbreviation PSF PGF PIX PIF PAGF PRSF P SmallCap PEF PFSF PDSF PFES PRSEC PGSF PFEDF PCSF PFEPRF PSEASF PSSF PFECTF PCTF PFETIF PSA30F PBF PFEBF PGBF P BOND PIN BOND PEBF PSBF PMMF Pages 39 . strategy and other key features of each of the funds to assist the investor in making an informed judgement of the distinctive features of each fund in relation to his/her personal investment and financial goals.100 Pages 101 . Investors are requested to read the fund profile(s) carefully before making an investment decision.2 FUND PROFILES The following section lays out the investment objective.51 Pages 52 .89 Pages 90 .54 Pages 55 .96 Pages 97 .49 Pages 50 .76 Pages 77 .68 Pages 69 .66 Pages 67 .94 Pages 95 .107 38 .45 Pages 46 .98 Pages 99 .87 Pages 88 .78 Pages 79 .71 Pages 72 .DETAILED INFORMATION ON THE FUNDS (CONT’D) 3.83 Pages 84 .85 Pages 86 .105 Pages 106 .42 Pages 43 .92 Pages 93 .59 Pages 60 .56 Pages 57 .103 Pages 104 .

Note: Any material changes to the investment objective of the fund would require unitholders’ approval. Although the fund is actively managed. In identifying such companies. the investments in bonds are increased. with the balance in growth stocks Incidental Moderate 3 years Tan Chee Chin and Lum Meng Seng The Fund Manager may adopt temporary defensive strategies by lowering the equity exposure of the fund below the above stated range if the investment climate is deemed to be unfavourable and weakness in the equity markets is expected. Notwithstanding the need for a stable and recurring income stream. Its equity content in terms of NAV will range in the region of 70% to 80% of the NAV of the fund. 39 . Conversely. The balance of the fund’s NAV will be invested in fixed income securities and liquid assets.DETAILED INFORMATION ON THE FUNDS (CONT’D) PUBLIC SAVINGS FUND (PSF) Fund Profile Category of Fund Type of Fund Equity Range of Fund Stock Selection Profile of Fund Distribution Policy Investor’s Risk Profile Suggested Minimum Investment Period Designated Fund Managers Equity fund Capital growth 70% to 80% Minimum of 40% in KLCI-linked stocks. management quality and past track records of the companies are considered. blue chip stocks and companies with growth prospects that are listed on the Bursa Securities. Investor Profile • • • moderate risk-reward temperament medium to long-term investor can withstand extended periods of market highs and lows in pursuit of capital growth Investment Policy PSF invests in a diversified portfolio of primarily Malaysian equities and fixed income instruments to meet its investment objective. The Fund Manager may also increase the fund’s equity exposure above the stated range if the outlook for equity markets is positive and returns are promising. the frequency of its trading strategy will very much depend on market opportunities. Investment Strategy PSF is actively managed to achieve the long-term goal of capital growth by maintaining a reasonable level of exposure to equities over time. Generally. the investment in bonds and fixed income assets are often raised at the expense of equity allocations when weaknesses in the equity markets are anticipated. The fund also maintains a significant portion of its investments in fixed income securities such as sovereign bonds. companies with reasonably good earnings growth prospect over the medium to long-term are sought. when the equity markets are expected to perform well. The equity investment of the fund primarily focuses on a diversified portfolio of index-linked companies. the fund relies on fundamental research where the financial health. corporate debt and money market instruments to help generate income returns expected of it. Fund Objective To achieve long-term capital appreciation while at the same time producing a reasonable level of income. industry prospects. the funds are reallocated from fixed income assets to equities. Where yields are attractive and interest rate trends are favourable.

China. it is deemed the most appropriate benchmark for this fund. foreign exchange risks. the fund may invest in futures contracts and options to hedge against market volatility. the fund may employ hedging strategies to manage the risks posed to the fund. The fund may consider investments in unlisted equities with attractive potential returns. The fund will focus its overseas investments in markets where the prospects are promising and where political and regulatory risks are anticipated to be within acceptable levels. in particular. the above investments are subject to limits and restrictions that are precisely spelt out in the sections titled “Authorised Investments” and “Investment Restrictions”. South Korea. The core of the fund’s equity portfolio comprises of companies that are components of the KLCI. Hong Kong. Furthermore. exposures to bonds are managed accordingly to minimise the risks. the fund’s investments in these instruments will be assessed on an ongoing basis to ensure that their potential returns are commensurate with the additional risks incurred as a result of investing in these investments. The fund’s investments in foreign markets will be monitored to ensure that the potential returns are commensurate with political risks. The fund’s investments may also include listed warrants and options to enhance its returns. high and low for the day and other information. diversification and hedging strategies employed are therefore central to the efforts to manage the risks posed to the fund. Japan. To mitigate risks arising from factors which include foreign currency exposure and foreign interest rate movements. As such. The fund’s exposure to these instruments will also be managed accordingly to minimise these risks. investors can refer to the Bursa Malaysia website (www. The equity exposures of the fund are managed actively with exposures ranging from 70% to 80% depending on the market and economic environment such that it may outperform the equity market over the long run. listed warrants and options can potentially enhance the fund’s returns. As it is also a very widely followed and easily understood representation of the Bursa Securities. comprises 100 major stocks representing 63% of the Bursa Securities’ total market capitalisation. The fund may also invest in collective investment schemes both in the domestic and foreign markets. liquidity risks and regulatory risks incurred as a result of investing abroad. liquidity management. It also maintains investments in fixed income securities to help generate income to the fund. fundamentally undervalued stocks and dividend stocks. these investments can also increase the volatility of the fund’s returns. Philippines and other approved markets. The foreign markets which the fund may invest in include Singapore. particularly in companies that are expected to seek listing on the Bursa Securities or other approved foreign markets within a timeframe of two years. there may even be situations such as when a severe downturn in the equity markets is expected and liquidity risks are high. To mitigate risks. or Kuala Lumpur Composite Index. volume traded. may result in the fund experiencing significant volatilities in times of adverse market movements.bursamalaysia.com under Market Information Section) for a list of the component stocks of the KLCI and transactional information such as last traded price. the fund may invest in foreign markets if the returns are assessed to be promising. While investments in futures contracts.DETAILED INFORMATION ON THE FUNDS (CONT’D) To achieve increased diversification. Fund Specific Risk Management The asset allocation. previous closing price. Indonesia. Selected Performance Benchmark for PSF The KLCI. As such. Fund Specific Benefits The fund allows the investor the opportunity to participate in the long-term growth potential of the equity market through investments in a diversified portfolio of blue chip stocks. Thailand. Hence. To obtain the latest information on the KLCI. Taiwan. The presence of growth stocks in the equity portfolio. 40 . growth stocks. that the equity exposures are reduced to below the levels indicated in the table above. It should be noted that the returns from bond investments may be adversely affected should interest rates hike up sharply.

Investor Profile • • • moderate risk-reward temperament medium to long-term investor can withstand extended periods of market highs and lows in pursuit of capital growth Investment Policy PGF invests in a diversified portfolio of primarily Malaysian equities and fixed income instruments to meet its investment objective. Where yields are attractive and interest rate trends are favourable. industry prospects. In general. Its equity content in terms of NAV will range in the region of 70% to 85% of the NAV of the fund. In identifying such companies. The fund may also invest in fixed income securities such as sovereign bonds. the frequency of its trading strategy will very much depend on market opportunities. companies with reasonably good earnings growth prospect over the medium to long-term are selected to maximise the growth potential of the fund. Investment Strategy PGF is actively managed to achieve the long-term goal of capital growth by maintaining a reasonable level of exposure to equities over time. corporate debt and money market instruments to help generate returns. the funds are reallocated from fixed income assets to equities. 41 . In particular. The Fund Manager may also increase the fund’s equity exposure above the stated range if the outlook for equity markets is positive and returns are promising. however. Note: Any material changes to the investment objective of the fund would require unitholders’ approval. Conversely. Fund Objective To achieve long-term capital appreciation with income considered incidental. The balance of the fund’s NAV will be invested in fixed income securities and liquid assets. In other words. The equity investment of the fund comprise of a diversified portfolio of indexlinked companies. when the equity markets are expected to perform well. blue chip stocks and companies with growth prospects that are listed on the Bursa Securities. management quality and past track records of the companies are considered.DETAILED INFORMATION ON THE FUNDS (CONT’D) PUBLIC GROWTH FUND (PGF) Fund Profile Category of Fund Type of Fund Equity Range of Fund Stock Selection Profile of Fund Distribution Policy Investor’s Risk Profile Suggested Minimum Investment Period Designated Fund Managers Equity fund Capital Growth 70% to 85% High concentration of growth stocks Incidental Moderate 3 years Tan Yan Heong and Lum Peck Woon The Fund Manager may adopt temporary defensive strategies by lowering the equity exposure of the fund below the above stated range if the investment climate is deemed to be unfavourable and weakness in the equity markets is expected. Although the fund is actively managed. the investments in bonds are increased. the fund relies on fundamental research where the financial health. the investment in bonds and fixed income assets is secondary to the focus on equities. the allocations to bonds and fixed income assets are raised usually at the expense of equity allocations when weaknesses in the equity markets are anticipated.

fundamentally undervalued stocks and dividend stocks. Furthermore. To mitigate risks arising from factors which include foreign currency exposure and foreign interest rate movements. Thailand. particularly in companies that are expected to seek listing on the Bursa Securities or other approved foreign markets within a timeframe of two years. Hence. investors can refer to the Bursa Malaysia website (www. comprises 100 major stocks representing 63% of the Bursa Securities’ total market capitalisation. While investments in futures contracts. It is thus potentially a stronger performer in a rising market than a savings oriented equity fund. The fund’s exposure to these instruments will also be managed accordingly to minimise these risks. it is deemed the most appropriate benchmark for this fund. Japan. exposures to bonds are managed accordingly to minimise the risks. the above investments are subject to limits and restrictions that are precisely spelt out in the sections titled “Authorised Investments” and “Investment Restrictions”. Hong Kong. the fund may invest in foreign markets if the returns are assessed to be promising. Fund Specific Benefits The fund allows the investor the opportunity to participate in the long-term growth potential of the equity market through investments in a diversified portfolio of blue chip stocks. Selected Performance Benchmark for PGF The KLCI. There is however greater emphasis on capital growth with lower emphasis on income and as such its equity exposures are in the moderately high range of between 70% and 85%. the fund’s investments in these instruments will be assessed on an ongoing basis to ensure that their potential returns are commensurate with the additional risks incurred as a result of investing in these investments. previous closing price. it is also likely to be more volatile in terms of returns. there may even be situations such as when a severe downturn in the equity markets is expected and liquidity risks are high. diversification and hedging strategies employed are therefore central to the efforts to manage the risks posed to the fund. that the equity exposures are reduced to below the levels indicated in the table above. the fund may employ hedging strategies to manage the risks posed to the fund. The fund’s investments in foreign markets will be monitored to ensure that the potential returns are commensurate with political risks. liquidity risks and regulatory risks incurred as a result of investing abroad. The presence of growth stocks in the equity portfolio. volume traded.com under Market Information Section) for a list of the component stocks of the KLCI and transactional information such as last traded price. As such. these investments can also increase the volatility of the fund’s returns. Fund Specific Risk Management The asset allocation.bursamalaysia. China. high and low for the day and other information. or Kuala Lumpur Composite Index. The fund’s investments may also include listed warrants and options to enhance its returns. The fund will focus its overseas investments in markets where the prospects are promising and where political and regulatory risks are anticipated to be within acceptable levels. liquidity management. The fund may also invest in collective investment schemes both in the domestic and foreign markets. 42 . The foreign markets which the fund may invest in include Singapore. in particular. As it is also a very widely followed and easily understood representation of the Bursa Securities. To mitigate risks. listed warrants and options can potentially enhance the fund’s returns. Taiwan. The core of the fund’s equity portfolio comprises of companies that are components of the KLCI. Commensurate with that. It should be noted that the returns from bond investments may be adversely affected should interest rates hike up sharply.DETAILED INFORMATION ON THE FUNDS (CONT’D) To achieve increased diversification. Philippines and other approved markets. the fund may invest in futures contracts and options to hedge against market volatility. South Korea. To obtain the latest information on the KLCI. As such. foreign exchange risks. may result in the fund experiencing significant volatilities in times of adverse market movements. Indonesia. The fund may consider investments in unlisted equities with attractive potential returns. growth stocks.

In the event this occurs. The Fund Manager may also increase the fund’s equity exposure above the stated range if the outlook for equity markets is positive and returns are promising. management quality and past track records of the companies are considered. the fund will not exactly replicate or track the underlying benchmark’s return. the fund relies on fundamental research where the financial health. with a minimum of 60% of NAV invested in KLCI component stocks. Generally.Index fund Capital growth 80% to 95% Minimum of 60% index-linked stocks Incidental Moderate 3 years Chiang Kang Pey and Liew Mun Hon The Fund Manager may adopt temporary defensive strategies by lowering the equity exposure of the fund below the above stated range if the investment climate is deemed to be unfavourable and weakness in the equity markets is expected. Investor Profile • • • moderate risk-reward temperament medium to long-term investor can withstand extended periods of market volatilities in pursuit of capital growth Investment Policy PIX invests in a diversified portfolio of Malaysian equities and fixed income instruments to meet its investment objective. the fund is likely to track the KLCI very closely. Although the fund is actively managed. industry prospects. blue chip stocks and companies with growth prospects that are listed on the Bursa Securities. In identifying such companies. Bursa Malaysia has announced that the KLCI will adopt the FTSE global index standard and be known as the FTSE Bursa Malaysia KLCI whereby the component stocks will be reduced from 100 stocks to 30 stocks. Note: Any material changes to the investment objective of the fund would require unitholders’ approval. 43 . the frequency of its trading strategy will very much depend on market opportunities. Investment Strategy PIX is actively managed and invests mainly in KLCI index-linked stocks with the objective of outperforming the Index and achieving capital growth over the long-term. As a result. there may exist differences in the fund’s performance when compared to the KLCI due to various reasons such as investments in non-index stocks. variation in equity weightings and the weighting strategies employed for the index components. Its equity content in terms of NAV will range in the region of 80% to 95% of NAV of the fund. The balance of the fund’s NAV will be invested in fixed income securities and liquid assets. The fund undergoes portfolio rebalancing on an ongoing basis with the view of outperforming the benchmark KLCI. However. references to KLCI made in this section will be replaced with the FTSE Bursa Malaysia 100 index. companies with reasonably good earnings growth prospect over the medium to long-term are selected. PIX is not a passive index fund but will invest in a diversified portfolio of index-linked companies. The fund aims to achieve this by maintaining a reasonably high level of exposure to equities over time with a minimum of 60% of NAV invested in KLCI-linked stocks at all times.DETAILED INFORMATION ON THE FUNDS (CONT’D) PUBLIC INDEX FUND (PIX) Fund Profile Category of Fund Type of Fund Equity Range of Fund Stock Selection Profile of Fund Distribution Policy Investor’s Risk Profile Suggested Minimum Investment Period Designated Fund Managers Equity . which comprises of 100 major stocks. Fund Objective To achieve long-term capital appreciation while at the same time attempting to outperform the KLCI. As a result of the high equity exposure and heavy emphasis on index-linked stocks.

The fund may participate in Initial Public Offerings (IPOs) of companies seeking a listing on Bursa Securities.bursamalaysia. Conversely. Hence. It should be noted that the returns from bond investments may be adversely affected should interest rates hike up sharply. “BURSA MALAYSIA” is a trade mark of Bursa Malaysia Berhad (“BURSA MALAYSIA”). Fund Specific Benefits The fund allows the investor the opportunity to participate in the long-term growth potential of the equity market through investments in a diversified portfolio of blue chip stocks. the KLCI is the benchmark for the fund. To obtain the latest information on the KLCI. It is not a passive index fund but nevertheless is a useful investment vehicle for investors who wish to use it for market timing purposes. liquidity management and diversification strategies employed are therefore central to the efforts to manage the risks posed to the fund. “FT-SE®” and “Footsie®” are trade marks of the London Stock Exchange Plc and The Financial Times Limited and are used by FTSE International Limited (“FTSE”) under licence. exposures to bonds are managed accordingly to minimise the risks. Neither FTSE nor BURSA MALAYSIA sponsor. The fund may also invest in collective investment schemes in the domestic market. “”FTSE®”. endorse or promote this product and are not in any way connected to it and do not accept any liability. that the equity exposures are reduced to below the levels indicated in the table above. the allocations to bonds and fixed income assets are raised usually at the expense of equity allocations when weaknesses in the equity markets are anticipated. volume traded. The diversification and asset allocation strategies employed would help in mitigating the market risks and result in improving the performance of the fund. Selected Performance Benchmark for PIX PIX is set up to outperform the KLCI. its performance tend to track the KLCI more closely than the other funds. All intellectual property rights in the index values and constituent list vests in FTSE and BURSA MALAYSIA. The close link between the performance of the fund and that of the KLCI that it tracks may result in the fund experiencing significant volatilities in times of adverse market movements. Note: Bursa Malaysia has announced that the KLCI will adopt FTSE global index standard and be known as the FTSE Bursa Malaysia KLCI whereby the component stocks will be reduced from 100 stocks to 30 stocks. Where yields are attractive and interest rate trends are favourable. Furthermore.com under Market Information Section) for a list of the component stocks of the KLCI and transactional information such as last traded price. fundamentally undervalued stocks and dividend stocks that are primarily components of the KLCI. The FTSE BURSA MALAYSIA 100 INDEX is calculated by FTSE. In other words.DETAILED INFORMATION ON THE FUNDS (CONT’D) The fund may also invest in fixed income securities such as sovereign bonds. the investment in bonds and fixed income assets are secondary to the focus on equities. In general. As it also maintains a fairly high equity exposure range between 80% and 95%. As such. growth stocks.” 44 . previous closing price. when the equity markets are expected to perform well. Fund Specific Risk Management The asset allocation. there may even be situations such as when a severe downturn in the equity markets is expected and liquidity risks are high. however. the above investments are subject to limits and restrictions that are precisely spelt out in the sections titled “Authorised Investments” and “Investment Restrictions”. the funds are reallocated from fixed income assets to equities. Public Mutual Berhad has obtained full licence from FTSE to use such intellectual property rights in the creation of this product. investors can refer to the Bursa Malaysia website (www. high and low for the day and other information. which comprises of 100 major stocks. as its benchmark in place of the KLCI. the benchmark of the fund will be replaced with the FTSE Bursa Malaysia 100 Index. Hence. In the event this occurs. the investment in bonds is increased. corporate debt and money market instruments to help generate returns.

0% 3.8% 6.4% 6. The KLCI is generally accepted as a barometer of the local stockmarket’s performance. There is no guarantee or assurance of exact or identical replication at any time of the performance of the index.DETAILED INFORMATION ON THE FUNDS (CONT’D) Top 10 Holdings in % of NAV as at 1 April 2009 KLCI 1 2 3 4 5 6 7 8 9 10 Sime Darby Bhd MISC Bhd Malayan Banking Bhd Public Bank Bhd Tenaga Nasional Bhd Bumiputra-Commerce Holdings Bhd IOI Corporation Bhd Petronas Gas Bhd Digi.4% 3.0% 5.9% 3. However the fund will be rebalanced on an ongoing basis to manage its tracking error versus the benchmark KLCI. The risk of investing in equity index funds relate to risks arising from its equity holdings which will fluctuate in line with the stockmarket’s movements.5% 5.1% PIX Public Bank Bhd Sime Darby Bhd Tenaga Nasional Bhd MISC Bhd Bumiputra-Commerce Holdings Bhd IOI Corporation Bhd Malayan Banking Bhd Digi.7% 5. As a result.0% 4.Com Bhd Telekom Malaysia Bhd Genting Bhd % of NAV 8. The index is constructed to reflect the performance of listed companies that are representative of the major sectors of the Malaysian economy.Com Bhd Plus Expressways Bhd % Weight in Index 7. there is no guarantee that the fund will exactly replicate or track the underlying benchmark’s return. PIX is targeted to track the Kuala Lumpur Composite Index which comprises 100 major stocks representing about 63% of the Bursa Securities’ total market capitalisation.0% 3.1% Additional Disclosure The KLCI is a market capitalisation weighted index of 100 stocks designed to measure the performance of Bursa Securities.4% 3.5% 6. PIX is not a passive index fund and will also invest in non-KLCI stocks with good growth prospects and attractive valuations to enhance its investment performance.6% 4.2% 6.9% 6. Differences in weights of index stocks held by the fund vs the respective stock’s weightings in the KLCI will also contribute to tracking errors. Tracking error of the fund’s movements vs the KLCI may arise as the fund may invest in non-index stocks. The investment of the scheme may be concentrated in securities of a single issuer or several issuers. The index composition may change and component securities of the underlying index may be delisted. 45 .2% 5.5% 4. The index is rebalanced periodically based on criteria as determined by Bursa Malaysia. Risk of price movements on a stock specific basis can also affect the fund’s overall returns.2% 5. A minimum of 60% of the fund’s NAV will be maintained in component stocks of the KLCI.

In other words. Although the fund is actively managed. The Fund Manager may also increase the fund’s equity exposure above the stated range if the outlook for equity markets is positive and returns are promising. the allocations to bonds and fixed income assets are raised usually at the expense of equity allocations when weaknesses in the equity markets are anticipated. 46 . blue chip stocks and companies with growth prospects that are listed on the Bursa Securities. The balance of the fund’s NAV will be invested in fixed income securities and liquid assets. the frequency of its trading strategy will very much depend on market opportunities. corporate debt and money market instruments to help generate returns. however. when the equity markets are expected to perform well. The fund may also invest in fixed income securities such as sovereign bonds. The equity investment of the fund comprise of a diversified portfolio of indexlinked companies. In identifying such companies. the funds are reallocated from fixed income assets to equities.DETAILED INFORMATION ON THE FUNDS (CONT’D) PUBLIC INDUSTRY FUND (PIF) Fund Profile Category of Fund Type of Fund Equity Range of Fund Stock Selection Profile of Fund Distribution Policy Investor’s Risk Profile Suggested Minimum Investment Period Designated Fund Managers Equity fund Capital growth 70% to 90% High concentration of stocks in recovering or high growth sectors Incidental Moderate 3 years Chiang Kang Pey and Liew Mun Hon The Fund Manager may adopt temporary defensive strategies by lowering the equity exposure of the fund below the above stated range if the investment climate is deemed to be unfavourable and weakness in the equity markets is expected. the investment in bonds and fixed income assets is secondary to the focus on equities. the investments in bonds are increased. Note: Any material changes to the investment objective of the fund would require unitholders’ approval. Where yields are attractive and interest rate trends are favourable. Companies with reasonably good earnings growth prospect over the medium to long term particularly in sectors or industries that have good growth potential or are showing signs of making good recovery are selected to maximise the growth potential of the fund. Its equity content in terms of NAV will range in the region of 70% to 90% of the NAV of the fund. industry prospects. management quality and past track records of the companies are considered. Fund Objective To achieve a high level of capital appreciation over the medium to long term period through investments in growth industries. Investment Strategy PIF is actively managed to achieve the long-term goal of capital growth by maintaining a reasonably high level of exposure to equities over time. In general. Investor Profile • • • moderate risk-reward temperament medium to long-term investor can withstand extended periods of market highs and lows in pursuit of capital growth Investment Policy PIF invests in a diversified portfolio of primarily Malaysian equities and fixed income instruments to meet its investment objective. the fund relies on fundamental research where the financial health. Conversely.

volume traded. As such. listed warrants and options can potentially enhance the fund’s returns. liquidity management. the above investments are subject to limits and restrictions that are precisely spelt out in the sections titled “Authorised Investments” and “Investment Restrictions”. The fund may consider investments in unlisted equities with attractive potential returns. these investments can also increase the volatility of the fund’s returns. Selected Performance Benchmark for PIF The KLCI. It should be noted that the returns from bond investments may be adversely affected should interest rates hike up sharply. The fund’s investments in foreign markets will be monitored to ensure that the potential returns are commensurate with political risks. there may even be situations such as when a severe downturn in the equity markets is expected and liquidity risks are high. Hence. particularly in companies that are expected to seek listing on the Bursa Securities or other approved foreign markets within a timeframe of two years. it is also likely to be more volatile in terms of returns. South Korea. The fund’s exposure to these instruments will also be managed accordingly to minimise these risks. 47 . Taiwan. diversification and hedging strategies employed are therefore central to the efforts to manage the risks posed to the fund. The fund typically maintains a fairly high equity exposure range of between 70% and 90%. To obtain the latest information on the KLCI. Fund Specific Benefits The fund allows the investor the opportunity to participate in the long-term growth potential of the equity market through investments in a diversified portfolio of blue chip stocks. liquidity risks and regulatory risks incurred as a result of investing abroad. previous closing price. Hong Kong. As such. the fund may invest in futures contracts and options to hedge against market volatility. investors can refer to the Bursa Malaysia website (www. in particular. China. it is deemed the most appropriate benchmark for this fund. The fund will focus its overseas investments in markets where the prospects are promising and where political and regulatory risks are anticipated to be within acceptable levels.DETAILED INFORMATION ON THE FUNDS (CONT’D) To achieve increased diversification. Furthermore. may result in the fund experiencing significant volatilities in times of adverse market movements. As it is also a very widely followed and easily understood representation of the Bursa Securities. or Kuala Lumpur Composite Index. To mitigate risks arising from factors which include foreign currency exposure and foreign interest rate movements. comprises 100 major stocks representing 63% of the Bursa Securities’ total market capitalisation. the fund may employ hedging strategies to manage the risks posed to the fund. The presence of growth stocks in the equity portfolio. Indonesia. It is thus potentially a stronger performer in a rising market than a savings oriented equity fund. While investments in futures contracts. Philippines and other approved markets. Commensurate with that. exposures to bonds are managed accordingly to minimise the risks. The core of the fund’s equity portfolio comprises of companies that are components of the KLCI. The fund’s investments may also include listed warrants and options to enhance its returns. Thailand. To mitigate risks. Japan.com under Market Information Section) for a list of the component stocks of the KLCI and transactional information such as last traded price. that the equity exposures are reduced to below the levels indicated in the table above. fundamentally undervalued stocks and dividend stocks with particular attention paid to the industrial themes with good growth potential or undergoing cyclical recovery.bursamalaysia. the fund may invest in foreign markets if the returns are assessed to be promising. The fund may also invest in collective investment schemes both in the domestic and foreign markets. the fund’s investments in these instruments will be assessed on an ongoing basis to ensure that their potential returns are commensurate with the additional risks incurred as a result of investing in these investments. high and low for the day and other information. growth stocks. Fund Specific Risk Management The asset allocation. foreign exchange risks. The foreign markets which the fund may invest in include Singapore.

In particular. the allocations to bonds and fixed income assets are raised usually at the expense of equity allocations when weaknesses in the equity markets are anticipated. corporate debt and money market instruments to help generate returns. Although the fund is actively managed. The fund will also invest in situational plays where the risks are deemed reasonably mitigated. The equity investment of the fund comprise of a diversified portfolio of index-linked companies. Investor Profile • • • aggressive risk-reward temperament medium to long-term investor can withstand extended periods of market highs and lows in pursuit of capital growth Investment Policy PAGF invests in a diversified portfolio of primarily Malaysian equities and fixed income instruments to meet its investment objective. companies with reasonably high earnings growth prospect over the medium to long-term are selected to maximise the growth potential of the fund. industry prospects. Investment Strategy PAGF is actively managed to achieve the long-term goal of capital growth by maintaining a reasonably high level of exposure to equities over time. Fund Objective To seek high capital growth over the medium to long term period through investments in situational and high growth stocks.DETAILED INFORMATION ON THE FUNDS (CONT’D) PUBLIC AGGRESSIVE GROWTH FUND (PAGF) Fund Profile Category of Fund Type of Fund Equity Range of Fund Stock Selection Profile of Fund Distribution Policy Investor’s Risk Profile Suggested Minimum Investment Period Designated Fund Managers Equity fund Capital growth 75% to 95% High concentration of high growth stocks and situational stocks Incidental Aggressive 3 years Tan Yan Heong and Lum Peck Woon The Fund Manager may adopt temporary defensive strategies by lowering the equity exposure of the fund below the above stated range if the investment climate is deemed to be unfavourable and weakness in the equity markets is expected. the funds are reallocated from fixed income assets to equities. In identifying such companies. The fund may also invest in fixed income securities such as sovereign bonds. management quality and past track record of the companies are considered. the investments in bonds are increased. Where yields are attractive and interest rate trends are favourable. In general. the frequency of its trading strategy will very much depend on market opportunities. blue chip stocks and companies with growth prospects that are listed on the Bursa Securities. the fund relies on fundamental research where the financial health. Note: Any material changes to the investment objective of the fund would require unitholders’ approval. In other words. The balance of the fund’s NAV will be invested in fixed income securities and liquid assets. the investment in bonds and fixed income assets is secondary to the focus on equities. Its equity content in terms of NAV will range in the region of 75% to 95% of the NAV of the fund. The Fund Manager may also increase the fund’s equity exposure above the stated range if the outlook for equity markets is positive and returns are promising. however. when the equity markets are expected to perform well. Conversely. 48 .

com under Market Information Section) for a list of the component stocks of the KLCI and transactional information such as last traded price. Selected Performance Benchmark for PAGF The KLCI.bursamalaysia. Hong Kong. Thailand. It is amongst the funds that have the highest risk-reward profiles. comprises 100 major stocks representing 63% of the Bursa Securities’ total market capitalisation. exposures to bonds are managed accordingly to minimise the risks. the fund may invest in foreign markets if the returns are assessed to be promising. It should be noted that the returns from bond investments may be adversely affected should interest rates hike up sharply. volume traded. the fund may invest in futures contracts and options to hedge against market volatility. To obtain the latest information on the KLCI. diversification and hedging strategies employed are therefore central to the efforts to manage the risks posed to the fund. the fund’s investments in these instruments will be assessed on an ongoing basis to ensure that their potential returns are commensurate with the additional risks incurred as a result of investing in these investments. The fund will focus its overseas investments in markets where the prospects are promising and where political and regulatory risks are anticipated to be within acceptable levels. foreign exchange risks. The fund’s exposure to these instruments will also be managed accordingly to minimise these risks. investors can refer to the Bursa Malaysia website (www. or Kuala Lumpur Composite Index. The presence of growth stocks in the equity portfolio. Indonesia. Commensurate with that. it is also likely to be significantly more volatile in terms of returns.DETAILED INFORMATION ON THE FUNDS (CONT’D) To achieve increased diversification. may result in the fund experiencing significant volatilities in times of adverse market movements. the fund may employ hedging strategies to manage the risks posed to the fund. these investments can also increase the volatility of the fund’s returns. in particular. high and low for the day and other information. To mitigate risks. Hence. As such. The foreign markets which the fund may invest in include Singapore. The fund’s investments in foreign markets will be monitored to ensure that the potential returns are commensurate with political risks. The core of the fund’s equity portfolio comprises of companies that are components of the KLCI. there may even be situations such as when a severe downturn in the equity markets is expected and liquidity risks are high. that the equity exposures are reduced to below the levels indicated in the table above. listed warrants and options can potentially enhance the fund’s returns. Japan. To mitigate risks arising from factors which include foreign currency exposure and foreign interest rate movements. Fund Specific Benefits The fund allows the investor the opportunity to participate in the long-term growth potential of the equity market through investments in a diversified portfolio of blue chip stocks. fundamentally undervalued stocks and dividend stocks with the aim of maximising long-term capital growth. As it is also a very widely followed and easily understood representation of the Bursa Securities. its equity exposures is typically maintained within a high equity exposure range of between 75% and 95%. As such. the above investments are subject to limits and restrictions that are precisely spelt out in the sections titled “Authorised Investments” and “Investment Restrictions”. Fund Specific Risk Management The asset allocation. In doing so. While investments in futures contracts. Furthermore. The fund’s investments may also include listed warrants and options to enhance its returns. liquidity risks and regulatory risks incurred as a result of investing abroad. Philippines and other approved markets. it is deemed the most appropriate benchmark for this fund. previous closing price. liquidity management. growth stocks. It is thus set up to perform in a more aggressive manner through a more active trading strategy. South Korea. China. Taiwan. 49 . particularly in companies that are expected to seek listing on the Bursa Securities or other approved foreign markets within a timeframe of two years. The fund may consider investments in unlisted equities with attractive potential returns. The fund may also invest in collective investment schemes both in the domestic and foreign markets.

Conversely. the funds are reallocated from fixed income assets to equities. In identifying such companies. Generally. Investment Strategy PRSF is actively managed to achieve the goal of long-term capital growth by maintaining a reasonable level of exposure to equities over time. 50 . the investment in bonds and fixed income assets is often raised at the expense of equity allocations when weaknesses in the equity markets are anticipated. Note: Any material changes to the investment objective of the fund would require unitholders’ approval.DETAILED INFORMATION ON THE FUNDS (CONT’D) PUBLIC REGULAR SAVINGS FUND (PRSF) Fund Profile Category of Fund Type of Fund Equity Range of Fund Stock Selection Profile of Fund Distribution Policy Investor’s Risk Profile Suggested Minimum Investment Period Designated Fund Managers Equity fund Capital growth 70% to 80% Blue chips and growth stocks Incidental Moderate 3 years Tan Yan Heong and Chen Yuet Fong The Fund Manager may adopt temporary defensive strategies by lowering the equity exposure of the fund below the above stated range if the investment climate is deemed to be unfavourable and weakness in the equity markets is expected. blue chip stocks and companies with growth prospects that are listed on the Bursa Securities. Fund Objective To achieve consistent capital growth over the medium to long term period and to achieve a steady growth in income. The Fund Manager may also increase the fund’s equity exposure above the stated range if the outlook for equity markets is positive and returns are promising. Although the fund is actively managed. The balance of the fund’s NAV will be invested in fixed income securities and liquid assets. Its equity content in terms of NAV will range in the region of 70% to 80% of the NAV of the fund. corporate debt and money market instruments to help generate income returns expected of it. the investments in bonds are increased. The fund may also invest in collective investment schemes in the domestic market. Notwithstanding the need for a stable and recurring income stream. Investor Profile • • • moderate risk-reward temperament medium to long-term investor can withstand extended periods of market highs and lows in pursuit of capital growth Investment Policy PRSF invests in a diversified portfolio of Malaysian equities and fixed income instruments to meet its investment objective. The fund may participate in Initial Public Offerings (IPOs) of companies seeking a listing on Bursa Securities. companies with reasonably good earnings growth prospects over the medium to long-term are sought. the fund relies on fundamental research where the financial health. the frequency of its trading strategy will very much depend on market opportunities. industry prospects. Where yields are attractive and interest rate trends are favourable. management quality and past track records of the companies are considered. The equity investment of the fund primarily focuses on a diversified portfolio of index-linked companies. The fund also maintains a significant portion of its investments in fixed income securities such as sovereign bonds. when the equity markets are expected to perform well.

To obtain the latest information on the KLCI. Hence. As such. The equity exposures of the fund are managed actively with exposures ranging from 70% to 80% depending on the market and economic environment such that it may outperform the equity market over the long run. exposures to bonds are managed accordingly to minimise the risks.bursamalaysia. it is deemed the most appropriate benchmark for this fund. that the equity exposures are reduced to below the levels indicated in the table above. Fund Specific Risk Management The asset allocation. It should be noted that the returns from bond investments may be adversely affected should interest rates hike up sharply. investors can refer to the Bursa Malaysia website (www.com under Market Information Section) for a list of the component stocks of the KLCI and transactional information such as last traded price. previous closing price. The core of the fund’s equity portfolio comprises of companies that are components of the KLCI. volume traded. growth stocks. fundamentally undervalued stocks and dividend stocks. Furthermore. It also maintains investments in fixed income securities to help generate income to the fund. As it is also a very widely followed and easily understood representation of the Bursa Securities. there may even be situations such as when a severe downturn in the equity markets is expected and liquidity risks are high. the above investments are subject to limits and restrictions that are precisely spelt out in the sections titled “Authorised Investments” and “Investment Restrictions”. comprises 100 major stocks representing 63% of the Bursa Securities’ total market capitalisation. 51 .DETAILED INFORMATION ON THE FUNDS (CONT’D) Fund Specific Benefits The fund allows the investor the opportunity to participate in the long-term growth potential of the equity market through investments in a diversified portfolio of blue chip stocks. liquidity management and diversification strategies employed are therefore central to the efforts to manage the risks posed to the fund. high and low for the day and other information. or Kuala Lumpur Composite Index. Selected Performance Benchmark for PRSF The KLCI.

25 billion and below with special focus on growth stocks. Fund Objective To achieve high capital growth through investments in companies with market capitalisation of RM1. Note: Any material changes to the investment objective of the fund would require unitholders’ approval. should the stock’s market capitalisation move above the stated range by a margin of up to 20% for a period of six consecutive months. the frequency of its trading strategy will very much depend on market opportunities. modern telecommunications. Thereafter. Although the fund is actively managed. 52 . The Fund Manager may also increase the fund’s equity exposure above the stated range if the outlook for equity markets is positive and returns are promising. The fund will maintain an equity exposure of between 70% to 80% of its NAV.25 billion at the point of purchase. consumer products. utilities.DETAILED INFORMATION ON THE FUNDS (CONT’D) PUBLIC SMALLCAP FUND (P SmallCap) Fund Profile Category of Fund Type of Fund Equity Range of Fund Stock Selection Profile of Fund Distribution Policy Investor’s Risk Profile Suggested Minimum Investment Period Designated Fund Managers Equity . with special focus on growth stocks Incidental Aggressive 3 years Tan Yan Heong and Loo See Seong The Fund Manager may adopt temporary defensive strategies by lowering the equity exposure of the fund below the above stated range if the investment climate is deemed to be unfavourable and weakness in the equity markets is expected. Such stocks are likely to be found in business sectors that focus on high value-added manufacturing and infrastructural development. Investor Profile • • • aggressive risk-reward temperament medium to long-term investor can withstand wide fluctuations in unit prices and extended periods of volatility Investment Policy P SmallCap is actively managed and invests in a diversified portfolio of primarily Malaysian equities and fixed income instruments to meet its investment objective. services and information technology sectors.SmallCap fund Capital growth 70% to 80% Companies with market capitalisation of RM1. the fund’s holdings of the stock will be disposed within a 6 month period subject to the availability of market liquidity. the fund’s holdings of the stock will be disposed off as expediently as possible subject to availability of market liquidity. Should the stock’s market capitalisation move above the stated range by more than 20%. The rationale of the above proposal is to alleviate the fund from having to dispose of its stock holdings as a result of short term fluctuations in market price. The balance of the fund’s NAV will be invested in fixed income securities and liquid assets.25 billion and below. Emphasis is placed on the accumulation of small-cap stocks with promising high earnings growth prospects in the medium to long-term horizon. P SmallCap will invest in stocks with market capitalisation of up to RM1.

the above investments are subject to limits and restrictions that are precisely spelt out in the sections titled “Authorised Investments” and “Investment Restrictions”.25 billion and below. the fund may employ hedging strategies to manage the risks posed to the fund. listed warrants and options can potentially enhance the fund’s returns. Thailand. The fund’s exposure to these instruments will also be managed accordingly to minimise these risks. the investment in bonds and fixed income assets is raised at the expense of equity allocations when weaknesses in the equity markets are anticipated. Hong Kong. To mitigate risks. the equity exposures of the fund are managed within a more conservative range of between 70% and 80%. As such. Conversely. To mitigate risks arising from factors which include foreign currency exposure and foreign interest rate movements. the investments in bonds are increased. Philippines and other approved markets. Hence.DETAILED INFORMATION ON THE FUNDS (CONT’D) Investment Strategy P SmallCap focuses primarily on investing in companies with market capitalisation of RM1. The presence of growth stocks in the equity portfolio. industry prospects. may result in the fund experiencing significant volatilities in times of adverse market movements. Indonesia. liquidity risks and regulatory risks incurred as a result of investing abroad. liquidity management. The fund may consider investments in unlisted equities with attractive potential returns. The fund also offers effective risk diversification strategies as well as liquidity management for what is essentially an investment category that suffers from lack of liquidity. To achieve increased diversification. companies with reasonably good earnings growth prospect over the medium to long-term are selected. To that end. exposures to bonds are managed accordingly to minimise the risks. South Korea. however. The fund seeks to achieve this goal by maintaining a reasonable level of exposure to equities over time in a diversified portfolio of small to medium sized companies with growth prospects that are listed on the Bursa Securities. Furthermore. Taiwan. Japan. management quality and past track record of the companies are considered. The fund may also invest in collective investment schemes both in the domestic and foreign markets. Generally. The fund’s investments may also include listed warrants and options to enhance its returns. Fund Specific Risk Management The asset allocation. 53 . It should be noted that the returns from bond investments may be adversely affected should interest rates hike up sharply.25 billion which as an investment group is generally under researched by the investment community. The fund may also invest in fixed income securities such as sovereign bonds. these investments can also increase the volatility of the fund’s returns. the fund may invest in foreign markets if the returns are assessed to be promising. In identifying such companies. particularly in companies that are expected to seek listing on the Bursa Securities or other approved foreign markets within a timeframe of two years. In general. the fund may invest in futures contracts and options to hedge against market volatility. the funds are reallocated from fixed income assets to equities. The focus of the fund is on identifying companies that have strong growth potential and companies that trade at attractive valuations given their sound fundamentals. The foreign markets which the fund may invest in include Singapore. foreign exchange risks. diversification and hedging strategies employed are therefore central to the efforts to manage the risks posed to the fund. Fund Specific Benefits The fund allows the investor the opportunity to participate in the long-term growth potential of a diversified portfolio of promising small companies with market capitalisation of below RM1. corporate debt and money market instruments to help generate returns. when the equity markets are expected to perform well. China. that the equity exposures are reduced to below the levels indicated in the table above. the fund’s investments in these instruments will be assessed on an ongoing basis to ensure that their potential returns are commensurate with the additional risks incurred as a result of investing in these investments. The fund’s investments in foreign markets will be monitored to ensure that the potential returns are commensurate with political risks. with the aim of achieving high capital growth over the long-term through investments in such companies that possess the capacity to grow strongly. While investments in futures contracts. The fund will focus its overseas investments in markets where the prospects are promising and where political and regulatory risks are anticipated to be within acceptable levels. As such. the fund relies on fundamental research where the financial health. there may even be situations such as when a severe downturn in the equity markets is expected and liquidity risks are high. Where yields are attractive and interest rate trends are favourable. in particular.

” 54 . “”FTSE®”. To obtain the latest information on the FTSE Bursa Malaysia Small Cap Index. Public Mutual Berhad has obtained full licence from FTSE to use such intellectual property rights in the creation of this product. high and low for the day and other information. endorse or promote this product and are not in any way connected to it and do not accept any liability. “FT-SE®” and “Footsie®” are trade marks of the London Stock Exchange Plc and The Financial Times Limited and are used by FTSE International Limited (“FTSE”) under licence. All intellectual property rights in the index values and constituent list vests in FTSE and BURSA MALAYSIA. previous closing price. “BURSA MALAYSIA” is a trade mark of Bursa Malaysia Berhad (“BURSA MALAYSIA”).bursamalaysia. The FTSE BURSA MALAYSIA SMALL CAP INDEX is calculated by FTSE.com under Market Information Section) for a list of the component stocks of the FTSE Bursa Malaysia Small Cap Index and transactional information such as last traded price. volume traded. investors can refer to the Bursa Malaysia website (www.DETAILED INFORMATION ON THE FUNDS (CONT’D) Selected Performance Benchmark for P SmallCap The benchmark for P SmallCap is the FTSE Bursa Malaysia Small Cap Index which comprises of eligible companies within the top 98% of the Bursa Malaysia Main Board excluding constituents of the FTSE Bursa Malaysia 100 Index. Neither FTSE nor BURSA MALAYSIA sponsor.

the fund may invest in foreign markets if the returns are assessed to be promising. Where yields are attractive and interest rate trends are favourable. when the equity markets are expected to perform well. The fund’s investments may also include listed warrants and options to enhance its returns. management quality and past track records of the companies are considered. Its minimum equity content is 80% of the NAV of the fund. the investments in bonds are increased. the funds are reallocated from fixed income assets to equities. blue chip stocks and companies with growth prospects that are listed on the Bursa Securities. Note: Any material changes to the investment objective of the fund would require unitholders’ approval. Although the fund is actively managed. the fund relies on fundamental research where the financial health. Conversely. however. Indonesia.DETAILED INFORMATION ON THE FUNDS (CONT’D) PUBLIC EQUITY FUND (PEF) Fund Profile Category of Fund Type of Fund Equity Range of Fund Stock Selection Profile of Fund Distribution Policy Investor’s Risk Profile Suggested Minimum Investment Period Designated Fund Managers Fund Objective To achieve capital growth through the aggressive selection of growth stocks from diversified economic sectors. corporate debt and money market instruments to help generate returns. The fund may also invest in collective investment schemes both in the domestic and foreign markets. 55 . The fund may also invest in fixed income securities such as sovereign bonds. Japan. The foreign markets which the fund may invest in include Singapore. the investment in bonds and fixed income assets is secondary to the focus on equities. The fund may consider investments in unlisted equities with attractive potential returns. industry prospects. Hong Kong. In general. the allocations to bonds and fixed income assets are raised usually at the expense of equity allocations when weaknesses in the equity markets are anticipated. Generally. Thailand. companies with reasonably high earnings growth prospect over the medium to long-term are selected. the frequency of its trading strategy will very much depend on market opportunities. The equity investment of the fund primarily focuses on a diversified portfolio of index-linked companies. To achieve increased diversification. particularly in companies that are expected to seek listing on the Bursa Securities or other approved foreign markets within a timeframe of two years. In identifying such companies. Taiwan. Equity fund Capital growth At least 80% Growth stocks Incidental Aggressive 3 years Tan Yan Heong and Lum Peck Woon Investor Profile • • • aggressive risk-reward temperament medium to long-term investor can withstand extended periods of market highs and lows in pursuit of capital growth Investment Policy PEF invests in a diversified portfolio of primarily Malaysian equities and fixed income instruments to meet its investment objective. The balance of the fund’s NAV will be invested in fixed income securities and liquid assets. Philippines and other approved markets. China. Investment Strategy PEF is actively managed to achieve the long-term goal of capital growth by maintaining a high level of exposure to equities of 80% and above at all times. In other words. South Korea.

The core of the fund’s equity portfolio comprises of companies that are components of the KLCI. While investments in futures contracts. As such.bursamalaysia. On the downside. As such. The fund will focus its overseas investments in markets where the prospects are promising and where political and regulatory risks are anticipated to be within acceptable levels. or Kuala Lumpur Composite Index. the above investments are subject to limits and restrictions that are precisely spelt out in the sections titled “Authorised Investments” and “Investment Restrictions”. the fund may invest in futures contracts and options to hedge against market volatility.com under Market Information Section) for a list of the component stocks of the KLCI and transactional information such as last traded price. the fund’s investments in these instruments will be assessed on an ongoing basis to ensure that their potential returns are commensurate with the additional risks incurred as a result of investing in these investments. fundamentally undervalued stocks and dividend stocks. liquidity risks and regulatory risks incurred as a result of investing abroad. Fund Specific Benefits The fund allows the investor the opportunity to participate in the long-term growth potential of the equity market through investments in a diversified portfolio of blue chip stocks. growth stocks. The fund however places a lower emphasis on asset allocation by committing at least 80% of total funds to the equity market at all times. The fund’s exposure to these instruments will also be managed accordingly to minimise these risks. may result in the fund experiencing significant volatilities in times of adverse market movements. volume traded. As it is also a very widely followed and easily understood representation of the Bursa Securities.DETAILED INFORMATION ON THE FUNDS (CONT’D) To mitigate risks. exposures to bonds are managed accordingly to minimise the risks. Furthermore. As such. 56 . Nonetheless. it may have little leeway in avoiding the full brunt of a bearish market. the fund is likely to benefit very meaningfully from a bullish equity market. it is deemed the most appropriate benchmark for this fund. Commensurate with that. listed warrants and options can potentially enhance the fund’s returns. The presence of growth stocks in the equity portfolio. previous closing price. that the equity exposures are reduced to the minimum levels indicated in the table above. To obtain the latest information on the KLCI. It is thus potentially a stronger performer in a rising market than a savings oriented equity fund. in particular. it is also likely to be significantly more volatile in terms of returns. these investments can also increase the volatility of the fund’s returns. Fund Specific Risk Management The diversification and hedging and to a lesser extent asset allocation strategies employed are therefore central to the efforts to manage the risks posed to the fund. To mitigate risks arising from factors which include foreign currency exposure and foreign interest rate movements. It should be noted that the returns from bond investments may be adversely affected should interest rates hike up sharply. there may even be situations such as when a severe downturn in the equity markets is expected and liquidity risks are high. Selected Performance Benchmark for PEF The KLCI. The fund’s investments in foreign markets will be monitored to ensure that the potential returns are commensurate with political risks. the fund may employ hedging strategies to manage the risks posed to the fund. comprises 100 major stocks representing 63% of the Bursa Securities’ total market capitalisation. foreign exchange risks. investors can refer to the Bursa Malaysia website (www. high and low for the day and other information.

PFSF will invest in stocks with market capitalisation of between RM1.25 billion and RM6 billion at the point of purchase. the stock will be disposed off as expediently as possible subject to availability of market liquidity. Although the fund is actively managed. the frequency of its trading strategy will very much depend on market opportunities. However. Note: Any material changes to the investment objective of the fund would require unitholders’ approval. The balance of the fund’s NAV will be invested in fixed income securities and liquid assets. 57 . if the stock’s market capitalisation were to fall below or move above the 10% band. the fund’s holdings of the stock will be disposed within a 3 month period. The Fund Manager may also increase the fund’s equity exposure above the stated range if the outlook for the equity market is positive and returns are promising. The fund generally maintains equity exposures within a range of between 70% and 80% against its NAV. with special focus on growth stocks Incidental Aggressive 3 years Tan Chee Chin and Lum Meng Seng Distribution Policy Investor’s Risk Profile Suggested Minimum Investment Period Designated Fund Managers The Fund Manager may adopt temporary defensive strategies by lowering the equity exposure of the fund below the above stated range if the investment climate is deemed to be unfavourable and weakness in the equity markets is expected. Fund Objective To achieve capital growth through investments in medium-sized companies in terms of market capitalisation from diversified economic sectors. However the equity range of the fund may be higher or lower depending on the fund manager’s assessment of the stockmarket. at the point of purchase. Such stocks are found in a wide variety of business sectors from plantations to banking to information technology. Investor Profile • • • aggressive risk-reward temperament medium to long-term investor can withstand extended periods of market highs and lows in pursuit of capital growth Investment Policy PFSF is actively managed and invests in a diversified portfolio of primarily Malaysian equities and fixed income instruments to meet its investment objective.25 billion and RM6 billion. The rationale of the above proposals is to alleviate the fund from having to dispose off its stock holdings as a result of short term fluctuations in market price. Emphasis is placed on the accumulation of stocks with promising high earnings growth prospects in the medium to long-term horizon. Thereafter. should the stock’s market capitalisation fall below or move above the stated range by a margin of up to 10% for a period of three consecutive months.DETAILED INFORMATION ON THE FUNDS (CONT’D) PUBLIC FOCUS SELECT FUND (PFSF) Fund Profile Category of Fund Type of Fund Equity Range of Fund Stock Selection Profile of Fund Equity fund Capital growth 70% to 80% Medium-sized companies with market capitalisation of between RM1.

South Korea. The fund will focus its overseas investments in markets where the prospects are promising and where political and regulatory risks are anticipated to be within acceptable levels. Hong Kong.25 billion and RM6 billion. corporate debt securities and money market instruments to generate additional returns. exposure to bonds in the portfolio are actively managed to minimise such risks to levels that are commensurate with the potential returns. the fund may employ hedging strategies to manage the risks posed to the fund. that the fund’s equity exposure is reduced to below the levels indicated in the table above. The fund may also invest in fixed income securities such as sovereign bonds. Conversely. The fund may consider investments in unlisted equities with attractive potential returns. Thailand. management quality and past track record of the companies are considered. Japan. In general. diversification and hedging strategies employed are central to the efforts to manage the risks posed to the fund. foreign exchange risks. the asset allocation. the fund may invest in foreign markets if the returns are assessed to be promising. Indonesia. To mitigate risks arising from factors which include foreign currency exposure and foreign interest rate movements. For that reason. listed warrants and options can potentially enhance the fund’s returns. To achieve increased diversification. The fund’s exposure to these instruments will also be managed accordingly to minimise these risks. however. The presence of growth stocks in the equity portfolio. While investments in futures contracts. the investment in bonds is increased. Essentially. when the equity markets are expected to perform well. these investments can also increase the volatility of the fund’s returns. the funds are reallocated from fixed income assets to equities. China. With regards to the bond portfolio of the fund. The foreign markets which the fund may invest in include Singapore. There may be situations such as when a severe downturn in the equity markets is expected and liquidity risks are high. The fund seeks to achieve this goal by maintaining a reasonable level of exposure to equities in a diversified portfolio of medium sized companies with good growth prospects that are listed on the Bursa Securities. the fund may invest in futures contracts and options to hedge against market volatility. As such. it should be noted that the performance of the portfolio might be adversely affected should interest rates rise sharply.DETAILED INFORMATION ON THE FUNDS (CONT’D) Investment Strategy PFSF focuses primarily on investments in medium-sized companies with market capitalisation of between RM1. In identifying such companies. Where yields are attractive and interest rate trends are favourable. To mitigate risks. Taiwan. The fund may also invest in collective investment schemes both in the domestic and foreign markets. The fund’s investments in foreign markets will be monitored to ensure that the potential returns are commensurate with political risks. investments in bonds and fixed income assets are raised at the expense of equity allocations when weaknesses in the equity markets are anticipated. the fund relies on fundamental research where the financial health. Fund Specific Benefits The fund allows the investor the opportunity to participate in the long-term growth potential of a diversified portfolio of promising medium sized companies with market capitalisation of between RM1. with the aim of achieving high capital growth over the long-term through investments in companies with good long-term growth potential. The fund’s investments may also include listed warrants and options to enhance its returns. particularly in companies that are expected to seek listing on the Bursa Securities or other approved foreign markets within a timeframe of two years. in particular. As such. Generally. liquidity management. Fund Specific Risk Management The fund faces liquidity risk especially with regard to investments in shares of medium sized companies. the fund’s investments in these instruments will be assessed on an ongoing basis to ensure that their potential returns are commensurate with the additional risks incurred as a result of investing in these investments. The focus of the fund is on identifying companies that have good growth potential as well as companies which trade at attractive valuations.25 billion and RM6 billion. companies with reasonable earnings growth prospect over the medium to long-term are selected. the equity exposures of the fund are managed within a fairly conservative range of between 70% and 80%. 58 . liquidity risks and regulatory risks incurred as a result of investing abroad. industry prospects. may result in the fund experiencing significant volatilities in times of adverse market movements. Philippines and other approved markets.

excluding the 30 members in the FTSE Bursa Malaysia 30 Index. To obtain the latest information on the FTSE Bursa Malaysia Mid 70 Index. The FTSE BURSA MALAYSIA MID 70 INDEX is calculated by FTSE.” 59 . Neither FTSE nor BURSA MALAYSIA sponsor. high and low for the day and other information.DETAILED INFORMATION ON THE FUNDS (CONT’D) Furthermore. “”FTSE®”. Public Mutual Berhad has obtained full licence from FTSE to use such intellectual property rights in the creation of this product. All intellectual property rights in the index values and constituent list vests in FTSE and BURSA MALAYSIA. the above investments are subject to limits and restrictions that are precisely spelt out in the sections titled “Authorised Investments” and “Investment Restrictions”. endorse or promote this product and are not in any way connected to it and do not accept any liability. “BURSA MALAYSIA” is a trade mark of Bursa Malaysia Berhad (“BURSA MALAYSIA”). Selected Performance Benchmark for PFSF The benchmark for PFSF is the FTSE Bursa Malaysia Mid 70 Index which comprises of the remaining 70 companies in the FTSE Bursa Malaysia Emas Index ranked by full market capitalisation.com under Market Information Section) for a list of the component stocks of the FTSE Bursa Malaysia Mid 70 Index and transactional information such as last traded price.bursamalaysia. previous closing price. investors can refer to the Bursa Malaysia website (www. volume traded. “FT-SE®” and “Footsie®” are trade marks of the London Stock Exchange Plc and The Financial Times Limited and are used by FTSE International Limited (“FTSE”) under licence.

management quality and past track records of the companies are considered. In identifying such companies. The Fund Manager may also increase the fund’s equity exposure above the stated range if the outlook for the equity market is positive and returns are promising. the fund relies on fundamental research where the financial health.DETAILED INFORMATION ON THE FUNDS (CONT’D) PUBLIC DIVIDEND SELECT FUND (PDSF) Fund Profile Category of Fund Type of Fund Equity Range of Fund Stock Selection Profile of Fund Distribution Policy Investor’s Risk Profile Suggested Minimum Investment Period Designated Fund Managers Equity fund Income 75% to 90% Stocks which offer or have the potential to offer attractive dividend yields Annual income Moderate 3 years Tan Chee Chin and Lum Meng Seng The Fund Manager may adopt temporary defensive strategies by lowering the equity exposure of the fund below the above stated range if the investment climate is deemed to be unfavourable and weakness in the equity markets is expected. the fund may also invest in growth or recovery stocks that have the potential to eventually adopt a strong dividend payout policy. Fund Objective To provide steady recurring income by investing in a portfolio of stocks which offer or have the potential to offer attractive dividend yields. Investment Strategy The fund is actively managed to achieve its goal of providing steady recurring income by investing in a diversified portfolio of stocks that offer or have the potential to offer attractive dividend yields. Although the fund is actively managed. There is a growing number of companies listed on Bursa Securities that have demonstrated their consistency in dividend payments over the years. 60 . Its equity content in terms of NAV will range in the region of 75% to 90% of the NAV of the fund. Notwithstanding this. In terms of stock selection. industry prospects. the fund essentially focuses on investing in companies that have demonstrated consistency in rewarding their shareholders via strong dividend pay outs. The Fund Manager may also increase the fund’s equity exposure above the stated range if the outlook for equity markets is positive and returns are promising. The Fund Manager may adopt temporary defensive strategies by lowering the equity exposure of the fund below the above stated range if the investment climate is deemed to be unfavourable and weakness in the equity markets is expected. the frequency of its trading strategy will very much depend on market opportunities. Note: Any material changes to the investment objective of the fund would require unitholders’ approval. Investor Profile • • • moderate risk-reward temperament medium to long-term investor preference for receiving regular income while capital growth is secondary Investment Policy PDSF invests in a diversified portfolio of primarily Malaysian equities and fixed income instruments to meet its investment objective. The balance of the fund’s NAV is invested in fixed income securities and liquid assets.

the fund’s equity range may be higher or lower depending on the Fund Manager’s assessment of the stock market outlook. The fund’s exposure to these instruments will also be managed accordingly to minimise these risks. Conversely. To mitigate risks. may result in the fund experiencing significant volatilities in times of adverse market movements. The equity exposures of the fund are managed actively with exposures ranging from 75% to 90% depending on the Fund Manager’s assessment of the market and economic environment. Fund Specific Benefits The fund allows the investor the opportunity to participate in a diversified portfolio of blue chip stocks. Fund Specific Risk Management The asset allocation. liquidity risks and regulatory risks incurred as a result of investing abroad. these investments can also increase the volatility of the fund’s returns. liquidity management and diversification strategies employed are therefore central to the efforts to manage the risks posed to the fund. the fund may invest in foreign markets if the returns are assessed to be promising. Indonesia. the fund’s exposure to bonds are managed accordingly to minimise these risks. To mitigate risks arising from factors which include foreign currency exposure and foreign interest rate movements. the fund may invest in futures contracts and options to hedge against market volatility. the above investments are subject to limits and restrictions that are precisely spelt out in the sections titled “Authorised Investments” and “Investment Restrictions”. It should be noted that the bond investments may be adversely affected if interest rates were to move up sharply. South Korea. when the equity markets are expected to perform well. To achieve increased diversification. It also maintains investments in fixed income securities to help generate interest income for the fund. While investments in futures contracts. Notwithstanding the need for a stable and recurring income stream. the investments in bonds are increased. However. Hence. The foreign markets which the fund may invest in include Singapore. The fund will focus its overseas investments in markets where the prospects are promising and where political and regulatory risks are anticipated to be within acceptable levels.DETAILED INFORMATION ON THE FUNDS (CONT’D) The fund may invest in fixed income securities such as sovereign bonds. foreign exchange risks. listed warrants and options can potentially enhance the fund’s returns. growth stocks and fundamentally undervalued stocks which distribute or have the potential to distribute reasonably attractive dividends. The fund’s investments in foreign markets will be monitored to ensure that the potential returns are commensurate with political risks. the fund may employ hedging strategies to manage the risks posed to the fund. Furthermore. Philippines and other approved markets. the funds are reallocated from fixed income assets to equities. Taiwan. 61 . As such. particularly in companies that are expected to seek listing on the Bursa Securities or other approved foreign markets within a timeframe of two years. Japan. the fund’s investments in these instruments will be assessed on an ongoing basis to ensure that their potential returns are commensurate with the additional risks incurred as a result of investing in these investments. The presence of growth stocks in the equity portfolio. that the equity exposures are reduced to below the levels indicated in the table above. Hong Kong. The fund may consider investments in unlisted equities with attractive potential returns. Where yields are attractive and interest rate trends are favourable. there may be situations such as when a severe downturn in the equity markets is expected and liquidity risks are high. the investment in bonds and fixed income assets are often raised at the expense of equity allocations when weakness in the equity markets are anticipated. The fund may also invest in collective investment schemes both in the domestic and foreign markets. corporate debt and money market instruments to help generate interest income. China. Thailand. The fund’s investments may also include listed warrants and options to enhance its returns. As such. in particular.

investors can refer to the Bursa Malaysia website (www. It is also a very widely followed and easily understood representation of the Bursa Securities. To obtain the latest information on the KLCI.bursamalaysia.com under Market Information Section) for a list of the component stocks of the KLCI and transactional information such as last traded price. 62 . or Kuala Lumpur Composite Index. high and low for the day and other information. previous closing price. comprises 100 major stocks representing 63% of the Bursa Securities’ total market capitalisation.DETAILED INFORMATION ON THE FUNDS (CONT’D) Selected Performance Benchmark for PDSF The KLCI. volume traded.

Investor Profile • • • aggressive risk-reward temperament medium to long-term investor can withstand extended periods of market highs and lows in pursuit of capital growth Investment Policy PFES invests in a diversified portfolio of blue chips and growth stocks listed on Bursa Securities and selected regional stock markets to meet its investment objective. The fund may also invest in fixed income securities such as sovereign bonds. Japan. In other words. the investment in bonds and fixed income assets is secondary to the focus on equities. Singapore. Generally. Hong Kong.DETAILED INFORMATION ON THE FUNDS (CONT’D) PUBLIC FAR-EAST SELECT FUND (PFES) Fund Profile Category of Fund Type of Fund Equity Range of Fund Stock Selection Profile of Fund Distribution Policy Investor’s Risk Profile Suggested Minimum Investment Period Designated Fund Managers Equity fund Capital growth 75% to 90% Blue chips and growth stocks Incidental Aggressive 3 years Tan Yan Heong and Lum Peck Woon The Fund Manager may adopt temporary defensive strategies by lowering the equity exposure of the fund below the above stated range if the investment climate is deemed to be unfavourable and weakness in the equity markets is expected. In identifying such companies. China. when the equity markets are expected to perform well. Note: Any material changes to the investment objective of the fund would require unitholders’ approval. corporate debt and money market instruments to help generate returns. the frequency of its trading strategy will very much depend on market opportunities. industry prospects. the fund relies on fundamental research where the financial health. Indonesia and other approved markets. Fund Objective To seek long-term capital appreciation by investing in blue chips and growth stocks in domestic and regional markets. 63 . Taiwan. In general. The fund generally maintains equity exposures within a range of 75% to 90% against its NAV. the allocations to bonds and fixed income assets are raised usually at the expense of equity allocations when weaknesses in the equity markets are anticipated. Conversely. The balance of the fund’s NAV will be invested in fixed income securities and money market instruments. The Fund Manager may also increase the fund’s equity exposure above the stated range if the outlook for equity markets is positive and returns are promising. Although the fund is actively managed. Investment Strategy PFES is actively managed to achieve the long-term goal of capital growth by investing in a diversified portfolio of blue chip stocks and companies with growth prospects listed on Bursa Securities and selected regional stock markets. Thailand. companies with reasonably high earnings growth prospect over the medium to long-term are selected. Up to 70% of the fund’s NAV can be invested in selected regional markets which include South Korea. However the equity range of the fund may be higher or lower depending on the Fund Manager’s assessment of the equity markets. the investments in bonds are increased. Philippines. Where yields are attractive and interest rate trends are favourable. the funds are reallocated from fixed income assets to equities. however. management quality and past track records of the companies are considered.

the fund’s exposure to bonds are managed accordingly to minimise these risks. liquidity management.com under Market Information Section) for a list of the component stocks of the KLCI and transactional information such as last traded price.DETAILED INFORMATION ON THE FUNDS (CONT’D) The fund’s investments may also include listed warrants and options to enhance its returns. Investments in fixed income securities may be adversely affected if interest rates were to move up sharply. To mitigate risks. The fund’s investments in foreign markets will be monitored to ensure that the potential returns are commensurate with political risks. diversification and hedging strategies employed are therefore central to the efforts to manage the risks posed to the fund. Fund Specific Benefits The fund allows the investor the opportunity to participate in the long-term growth potential of a diversified portfolio of blue chip stocks.publicmutual. and 70% MSCI AC Far East Ex-Japan Index. The fund will focus its overseas investments in markets where the prospects are promising and where political and regulatory risks are anticipated to be within acceptable levels. investors can refer to the Bursa Malaysia website (www. The presence of growth stocks in the equity portfolio. To mitigate risks arising from factors which include foreign currency exposure and foreign interest rate movements. Furthermore. growth stocks. The performance of the fund and its benchmark is available on Public Mutual’s website at www. previous closing price.P. As such.my. The fund may consider investments in unlisted equities with attractive potential returns.com. that the equity exposures are reduced to below the levels indicated in the table above. the fund may employ hedging strategies to manage the risks posed to the fund. The daily closing index for the MSCI AC Far East Ex-Japan Index is available on Bloomberg L. the above investments are subject to limits and restrictions that are precisely spelt out in the sections titled “Authorised Investments” and “Investment Restrictions”. liquidity risks and regulatory risks incurred as a result of investing abroad. foreign exchange risks. the fund’s investments in these instruments will be assessed on an ongoing basis to ensure that their potential returns are commensurate with the additional risks incurred as a result of investing in these investments. the fund may invest in futures contracts and options to hedge against market volatility. may result in the fund experiencing significant volatilities in times of adverse market movements. there may be situations such as when a severe downturn in the equity markets is expected and liquidity risks are high. Selected Performance Benchmark for PFES The benchmarks of the fund and their respective percentages are as follows: • • 30% Kuala Lumpur Composite Index. Hence. To obtain the latest information on the KLCI. Fund Specific Risk Management The asset allocation. high and low for the day and other information. these investments can also increase the volatility of the fund’s returns. particularly in companies that are expected to seek listing on the Bursa Securities or other approved foreign markets within a timeframe of two years. in particular. fundamentally undervalued stocks and dividend stocks listed on Bursa Securities and selected regional stock markets. volume traded. While investments in futures contracts. listed warrants and options can potentially enhance the fund’s returns. The fund may also invest in collective investment schemes both in the domestic and foreign markets.bursamalaysia. As such. 64 . The fund’s exposure to these instruments will also be managed accordingly to minimise these risks.

To ensure sufficient diversification. the frequency of its trading strategy will very much depend on market opportunities. Generally. Singapore. Note: Any material changes to the investment objective of the fund would require unitholders’ approval. Japan. Fund Objective To seek long-term capital appreciation by investing in selected market sectors. blue chip stocks and companies with growth prospects. Investor Profile • • • aggressive risk-reward temperament medium to long-term investor can withstand extended periods of market highs and lows in pursuit of capital growth Investment Policy PRSEC invests in a diversified portfolio of equities and fixed income instruments to meet its investment objective. the fund relies on fundamental research where the financial health. management quality and past track records of the companies are considered. The equity investment of the fund primarily focuses on a diversified portfolio of index-linked companies. Hong Kong. Philippines.DETAILED INFORMATION ON THE FUNDS (CONT’D) PUBLIC REGIONAL SECTOR FUND (PRSEC) Fund Profile Category of Fund Type of Fund Equity Range of Fund Stock Selection Profile of Fund Distribution Policy Investor’s Risk Profile Suggested Minimum Investment Period Designated Fund Managers Equity fund Capital growth 75% to 90% Index linked. 65 . blue chip and growth stocks Incidental Aggressive 3 years Tan Yan Heong and Lum Peck Woon The Fund Manager may adopt temporary defensive strategies by lowering the equity exposure of the fund below the above stated range if the investment climate is deemed to be unfavourable and weakness in the equity markets is expected. The selection of market sectors to be invested by the fund is based primarily on the growth prospects of the sectors. Taiwan. companies with reasonably high earnings growth prospect over the medium to long-term are selected. China. The Fund Manager may also increase the fund’s equity exposure above the stated range if the outlook for equity markets is positive and returns are promising. industry prospects. The balance of the fund’s NAV will be invested in fixed income securities and liquid assets. Indonesia and other approved markets. However the equity range of the fund may be higher or lower depending on the Fund Manager’s assessment of the equity markets. The fund will invest in a maximum of 6 sectors but will maintain its investments in a minimum of 3 sectors at all times. Thailand. the fund will maintain investments in a minimum of 3 sectors at all times. Investment Strategy PRSEC is actively managed to achieve the long-term goal of capital growth by identifying the market sectors which offer the most promising investment returns. The fund generally maintains equity exposures within a range of 75% to 90% against its NAV. Although the fund is actively managed. In identifying such companies. A minimum of 50% of the fund’s NAV and up to a maximum of 90% of the fund’s NAV can be invested in selected regional markets which include South Korea. The fund will invest in a maximum of 6 of the most promising sectors determined by the Fund Manager.

the funds are reallocated from fixed income assets to equities. To mitigate risks arising from factors which include foreign currency exposure and foreign interest rate movements. Furthermore. corporate debt and money market instruments to help generate returns. The fund’s exposure to these instruments will also be managed accordingly to minimise these risks. The fund may also invest in collective investment schemes both in the domestic and foreign markets. listed warrants and options can potentially enhance the fund’s returns. growth stocks.P. Where yields are attractive and interest rate trends are favourable.publicmutual. diversification and hedging strategies employed are therefore central to the efforts to manage the risks posed to the fund. when the equity markets are expected to perform well. As such. The performance of the fund and its benchmark is available on Public Mutual’s website at www. Selected Performance Benchmark for PRSEC The benchmarks of the fund and their respective percentages are as follows: • • 90% MSCI AC Far East Ex-Japan Index. The fund’s investments in foreign markets will be monitored to ensure that the potential returns are commensurate with political risks. these investments can also increase the volatility of the fund’s returns. foreign exchange risks. liquidity risks and regulatory risks incurred as a result of investing abroad. the investment in bonds and fixed income assets is secondary to the focus on equities. the fund’s investments in these instruments will be assessed on an ongoing basis to ensure that their potential returns are commensurate with the additional risks incurred as a result of investing in these investments. Fund Specific Benefits The fund allows the investor the opportunity to participate in the long-term growth potential of a diversified portfolio of blue chip stocks. the fund may invest in futures contracts and options to hedge against market volatility. there may be situations such as when a severe downturn in the equity markets is expected and liquidity risks are high. the investments in bonds are increased. 66 . The fund’s investments may also include listed warrants and options to enhance its returns.my. The presence of growth stocks in the equity portfolio. To mitigate risks.DETAILED INFORMATION ON THE FUNDS (CONT’D) The fund may also invest in fixed income securities such as sovereign bonds. The fund may consider investments in unlisted equities with attractive potential returns. Fund Specific Risk Management The asset allocation. As such. in particular. The daily closing index for the MSCI AC Far East Ex-Japan Index is available on Bloomberg L. the above investments are subject to limits and restrictions that are precisely spelt out in the sections titled “Authorised Investments” and “Investment Restrictions”. While investments in futures contracts. In other words. liquidity management. that the equity exposures are reduced to below the levels indicated in the table above. Conversely.com. The fund will focus its overseas investments in markets where the prospects are promising and where political and regulatory risks are anticipated to be within acceptable levels. however. fundamentally undervalued stocks and dividend stocks of performing market sectors. Hence. In general. the allocations to bonds and fixed income assets are raised usually at the expense of equity allocations when weaknesses in the equity markets are anticipated. may result in the fund experiencing significant volatilities in times of adverse market movements. and 10% 3-Month Kuala Lumpur Interbank Offered Rates (KLIBOR) Information on the 3-Month KLIBOR is provided by Bank Negara Malaysia. the fund may employ hedging strategies to manage the risks posed to the fund. particularly in companies that are expected to seek listing on the Bursa Securities or other approved foreign markets within a timeframe of two years. Investments in fixed income securities may be adversely affected if interest rates were to move up sharply. which is published in the business sections of the daily newspapers. the fund’s exposure to bonds are managed accordingly to minimise these risks.

France. New Zealand. Indonesia and other approved markets. Hong Kong. The balance of the fund’s NAV will be invested in fixed income securities and money market instruments. Although the fund is actively managed. The Fund Manager may also increase the fund’s equity exposure above the stated range if the outlook for equity markets is positive and returns are promising. China. Australia. the funds are reallocated from fixed income assets to equities. Thailand. index stocks and growth stocks listed on selected global stock markets. Fund Objective To seek long-term capital appreciation by investing in equities and collective investment schemes in domestic and global markets. India. Investor Profile • • • aggressive risk-reward temperament medium to long-term investor can withstand extended periods of market highs and lows in pursuit of capital growth Investment Policy PGSF invests in collective investment schemes which focus in a diversified portfolio of blue chip stocks. Note: Any material changes to the investment objective of the fund would require unitholders’ approval. In identifying such companies. In general. The fund will invest in selected global markets which include United States of America. Taiwan. index stocks and growth stocks listed on selected global stock markets to meet its investment objective. Philippines. management quality and past track records of the companies are considered. Italy. The fund will also invest in a diversified portfolio of blue chips. the investments in bonds are increased. In other words. Japan. index stocks and growth stocks listed on selected global markets. the frequency of its trading strategy will very much depend on market opportunities.DETAILED INFORMATION ON THE FUNDS (CONT’D) PUBLIC GLOBAL SELECT FUND (PGSF) Fund Profile Category of Fund Type of Fund Equity Range of Fund Stock Selection Profile of Fund Distribution Policy Investor’s Risk Profile Suggested Minimum Investment Period Designated Fund Managers Equity fund Capital growth 75% to 90% Blue chips. Conversely. The fund will also invest in blue chips. South Korea. the investment in bonds and fixed income assets is secondary to the focus on equities. however. 67 . Where yields are attractive and interest rate trends are favourable. Singapore. Malaysia. Luxembourg. when the equity markets are expected to perform well. corporate debt and money market instruments to help generate returns. Spain. index stocks & growth stocks Incidental Aggressive 3 years Lum Ming Jang and Chiang Kang Pey The Fund Manager may adopt temporary defensive strategies by lowering the equity exposure of the fund below the above stated range if the investment climate is deemed to be unfavourable and weakness in the equity markets is expected. United Kingdom. Finland. The fund generally maintains equity exposures within a range of 75% to 90% against its NAV. The fund may also invest in fixed income securities such as sovereign bonds. industry prospects. the fund relies on fundamental research where the financial health. Investment Strategy PGSF is actively managed to achieve the long-term goal of capital growth by investing in collective investment schemes which focus on a diversified portfolio of blue chip stocks. Canada. Switzerland. Germany. However the equity range of the fund may be higher or lower depending on the Fund Manager’s assessment of the equity markets. the allocations to bonds and fixed income assets are raised usually at the expense of equity allocations when weaknesses in the equity markets are anticipated. index stocks and growth stocks listed on selected global markets.

Investments in fixed income securities may be adversely affected if interest rates were to move up sharply. As such. Fund Specific Benefits The fund allows the investor the opportunity to participate in the long-term growth potential of a diversified portfolio of blue chip stocks. liquidity management. index stocks. and 10% 1-Month Kuala Lumpur Interbank Offered Rates (KLIBOR) Information on the 1-Month KLIBOR is provided by Bank Negara Malaysia. listed warrants and options can potentially enhance the fund’s returns.com. 68 . which is published in the business sections of the daily newspapers. that the equity exposures are reduced below the minimum levels indicated in the table above. The fund’s exposure to these instruments will also be managed accordingly to minimise these risks. the fund may also invest in futures contracts and options to hedge against market volatility. in particular. Furthermore.P. growth stocks. there may be situations such as when a severe downturn in the equity markets is expected and liquidity risks are high. Hence. the fund may employ hedging strategies to manage the risks posed to the fund. fundamentally undervalued stocks and dividend stocks listed on selected global stock markets. The performance of the fund and its benchmark is available on Public Mutual’s website at www. particularly in companies that are expected to seek listing on the Bursa Securities or selected global markets within a timeframe of two years. liquidity risks and regulatory risks incurred as a result of investing abroad. Selected Performance Benchmark for PGSF The benchmarks of the fund and their respective percentages are as follows: • • 90% MSCI All Country World Index. the above investments are subject to limits and restrictions that are precisely spelt out in the sections titled “Authorised Investments” and “Investment Restrictions”. these investments can also increase the volatility of the fund’s returns. may result in the fund experiencing significant volatilities in times of adverse market movements. the fund’s investments in these instruments will be assessed on an ongoing basis to ensure that their potential returns are commensurate with the additional risks incurred as a result of investing in these investments. Fund Specific Risk Management The asset allocation. The fund may also consider investments in unlisted equities with attractive potential returns. The fund’s investments in foreign markets will be monitored to ensure that the potential returns are commensurate with political risks. To mitigate risks arising from factors which include foreign currency exposure and foreign interest rate movements.publicmutual. The high equity exposures maintained at all times. foreign exchange risks.my. While investments in futures contracts. The daily closing index for the MSCI All Country World Index is available on Bloomberg L. diversification and hedging strategies employed are therefore central to the efforts to manage the risks posed to the fund. To mitigate risks. The fund will focus its overseas investments in markets where the prospects are promising and where political and regulatory risks are anticipated to be within acceptable levels. the fund’s exposure to bonds are managed accordingly to minimise these risks.DETAILED INFORMATION ON THE FUNDS (CONT’D) The fund’s investments may also include listed warrants and options to enhance its returns. As such.

Fund Objective To provide income by investing in a portfolio of stocks in domestic and regional markets which offer or have the potential to offer attractive dividend yields. Philippines. Investor Profile • • • moderate risk-reward temperament medium to long-term investor preference for receiving income while capital growth is secondary Investment Policy PFEDF invests in a diversified portfolio of equities and fixed income instruments to meet its investment objective. Up to 70% of the fund’s NAV can be invested in selected regional markets which include South Korea. China. There is a growing number of companies listed on Bursa Securities and regional stock markets that have demonstrated their consistency in dividend payments over the years. Taiwan. Thailand and other approved markets. Singapore. Notwithstanding this. the fund may also invest in growth or recovery stocks that have the potential to eventually adopt a strong dividend payout policy. The Fund Manager may also increase the fund’s equity exposure above the stated range if the outlook for equity markets is positive and returns are promising. the frequency of its trading strategy will very much depend on market opportunities. management quality and past track records of the companies are considered. Hong Kong. 69 . industry prospects. Investment Strategy The fund is actively managed to achieve its goal of providing income by investing in a diversified portfolio of stocks that offer or have the potential to offer attractive dividend yields. the fund essentially focuses on investing in companies that have demonstrated consistency in rewarding their shareholders via strong dividend pay outs. The Fund Manager may adopt temporary defensive strategies by lowering the equity exposure of the fund below the above stated range if the investment climate is deemed to be unfavourable and weakness in the equity markets is expected. the fund relies on fundamental research where the financial health. Note: Any material changes to the investment objective of the fund would require unitholders’ approval.DETAILED INFORMATION ON THE FUNDS (CONT’D) PUBLIC FAR-EAST DIVIDEND FUND (PFEDF) Fund Profile Category of Fund Type of Fund Equity Range of Fund Stock Selection Profile of Fund Distribution Policy Investor’s Risk Profile Suggested Minimum Investment Period Designated Fund Managers Equity fund Income 75% to 90% Stocks which offer or have the potential to offer attractive dividend yields Annual income Moderate 3 years Chiang Kang Pey and Tan Chee Chin The Fund Manager may adopt temporary defensive strategies by lowering the equity exposure of the fund below the above stated range if the investment climate is deemed to be unfavourable and weakness in the equity markets is expected. The balance of the fund’s NAV is invested in fixed income securities and liquid assets. The Fund Manager may also increase the fund’s equity exposure above the stated range if the outlook for equity markets is positive and returns are promising. In terms of stock selection. Although the fund is actively managed. Indonesia. Its equity content in terms of NAV will range in the region of 75% to 90% of the NAV of the fund. In identifying such companies.

in particular. there may be situations such as when a severe downturn in the equity markets is expected and liquidity risks are high. foreign exchange risks. The equity exposures of the fund are managed actively with exposures ranging from 75% to 90% depending on the Fund Manager’s assessment of the market and economic environment. the investments in bonds are increased. these investments can also increase the volatility of the fund’s returns. Notwithstanding the need for a stable and recurring income stream. As such. To mitigate risks. Fund Specific Risk Management The asset allocation. The fund may invest in collective investment schemes both in the domestic or selected regional markets. the funds are reallocated from fixed income assets to equities. However. may result in the fund experiencing significant volatilities in times of adverse market movements. As such. Conversely. that the equity exposures are reduced to and below the minimum levels indicated in the table above. particularly in companies that are expected to seek listing on the Bursa Securities or selected regional markets within a timeframe of two years. the fund’s investments in these instruments will be assessed on an ongoing basis to ensure that their potential returns are commensurate with the additional risks incurred as a result of investing in these investments. The fund may also consider investments in unlisted equities with attractive potential returns.DETAILED INFORMATION ON THE FUNDS (CONT’D) The fund may invest in fixed income securities such as sovereign bonds. liquidity management. the fund’s equity range may be higher or lower depending on the Fund Manager’s assessment of the outlook for equity markets. While investments in futures contracts. liquidity risks and regulatory risks incurred as a result of investing abroad. The fund’s investments in foreign markets will be monitored to ensure that the potential returns are commensurate with political risks. The fund’s exposure to these instruments will also be managed accordingly to minimise these risks. the fund may employ hedging strategies to manage the risks posed to the fund. the investment in bonds and fixed income assets are often raised at the expense of equity allocations when weakness in the equity markets are anticipated. growth stocks and fundamentally undervalued stocks which distribute or have the potential to distribute reasonably attractive dividends. The fund will focus its overseas investments in markets where the prospects are promising and where political and regulatory risks are anticipated to be within acceptable levels. when the equity markets are expected to perform well. corporate debt and money market instruments to help generate interest income. The fund’s investments may also include listed warrants and options to enhance its returns. The high equity exposures maintained at all times. It should be noted that the bond investments may be adversely affected if interest rates were to move up sharply. diversification and hedging strategies employed are therefore central to the efforts to manage the risks posed to the fund. the above investments are subject to limits and restrictions that are precisely spelt out in the sections titled “Authorised Investments” and “Investment Restrictions”. the fund may also invest in futures contracts and options to hedge against market volatility. It also maintains investments in fixed income securities to help generate interest income for the fund. To mitigate risks arising from factors which include foreign currency exposure and foreign interest rate movements. Where yields are attractive and interest rate trends are favourable. Fund Specific Benefits The fund allows the investor the opportunity to participate in a diversified portfolio of blue chip stocks. 70 . Hence. the fund’s exposure to bonds are managed accordingly to minimise these risks. listed warrants and options can potentially enhance the fund’s returns. Furthermore.

com under Market Information Section) for a list of the component stocks of the KLCI and transactional information such as last traded price. The performance of the fund and its benchmark is available on Public Mutual’s website at www. 71 .bursamalaysia.publicmutual. previous closing price.com. investors can refer to the Bursa Malaysia website (www.P.my. The daily closing index for the MSCI AC Far-East Ex-Japan Index is available on Bloomberg L. volume traded. high and low for the day and other information. and 70% MSCI AC Far-East Ex-Japan Index To obtain the latest information on the KLCI.DETAILED INFORMATION ON THE FUNDS (CONT’D) Selected Performance Benchmark for PFEDF The benchmarks of the fund and their respective percentages are as follows: • • 30% Kuala Lumpur Composite Index.

The fund may also invest in companies listed on Bursa Securities and foreign markets which have significant or potentially significant business operations in the greater China region. industry prospects.DETAILED INFORMATION ON THE FUNDS (CONT’D) PUBLIC CHINA SELECT FUND (PCSF) Fund Profile Category of Fund Type of Fund Equity Range of Fund Stock Selection Profile of Fund Distribution Policy Investor’s Risk Profile Suggested Minimum Investment Period Designated Fund Managers Equity fund Capital growth 75% to 90% Blue chips. Note: Any material changes to the investment objective of the fund would require unitholders’ approval. The fund may also invest in companies listed on Bursa Securities and foreign markets which have significant or potentially significant business operations in the greater China region. The fund may also invest in companies listed on Bursa Securities and other foreign markets which have significant or potentially significant business operations in the greater China region. The balance of the fund’s NAV will be invested in fixed income securities and money market instruments. The fund generally maintains equity exposures within a range of 75% to 90% against its NAV. China and Taiwan markets and including China based companies listed on overseas markets. The fund will also invest in China based companies listed on overseas markets such as Singapore. These companies include companies which have at least 30% of their earnings currently derived from the greater China region or have business operations in the greater China region which are projected to contribute at least 30% of group earnings in the next two to three years. the Fund Manager relies on fundamental research where the financial health. index stocks and growth stocks Incidental Aggressive 3 years Lum Ming Jang and Chiang Kang Pey The Fund Manager may adopt temporary defensive strategies by lowering the equity exposure of the fund below the above stated range if the investment climate is deemed to be unfavourable and weakness in the equity markets is expected. United States of America and other approved markets to meet its investment objective. Investment Strategy PCSF is actively managed to achieve its goal of achieving capital growth by investing in a diversified portfolio of blue chip stocks. management quality and past track records of the companies are considered. China and Taiwan markets. China and Taiwan markets. 72 . In identifying such companies. Although the fund is actively managed. Investor Profile • • • aggressive risk-reward temperament medium to long-term investor can withstand extended periods of market highs and lows in pursuit of capital growth Investment Policy PCSF invests in a diversified portfolio of investments in the greater China region namely in Hong Kong. Fund Objective To achieve capital growth over the medium to long-term period by investing in a portfolio of investments in the greater China region namely in Hong Kong. index stocks and companies with growth prospects in the greater China region namely in Hong Kong. The fund will also invest in China based companies listed on overseas markets such as Singapore and United States of America and other approved markets. the frequency of its trading strategy will very much depend on market opportunities. The Fund Manager may also increase the fund’s equity exposure above the stated range if the outlook for equity markets is positive and returns are promising. However the equity range of the fund may be higher or lower depending on the Fund Manager’s assessment of the equity markets.

To mitigate risks arising from factors which include foreign currency exposure and foreign interest rate movements. may result in the fund experiencing significant volatilities in times of adverse market movements. Investments in fixed income securities may be adversely affected if interest rates were to move up sharply.DETAILED INFORMATION ON THE FUNDS (CONT’D) Up to 98% of the fund’s NAV can be invested in selected foreign markets which include Hong Kong. the funds are reallocated from fixed income assets to equities. fundamentally undervalued stocks and dividend stocks in the greater China region. in particular. The fund may also invest in fixed income securities such as sovereign bonds. The fund may also invest in collective investment schemes both in the domestic and foreign markets. As such. growth stocks.P. Where yields are attractive and interest rate trends are favourable. diversification and hedging strategies employed are therefore central to the efforts to manage the risks posed to the fund. Singapore.com. particularly in companies that are expected to seek listing on the markets within a timeframe of two years. the investments in bonds are increased. The high equity exposures maintained at all times. the fund may also invest in futures contracts and listed options to hedge against market volatility. The fund’s investments in foreign markets will be monitored to ensure that the potential returns are commensurate with political risks. the above investments are subject to limits and restrictions that are precisely spelt out in the sections titled “Authorised Investments” and “Investment Restrictions”. The daily closing index for MSCI Golden Dragon Index is available on Bloomberg L. however. the fund’s exposure to bonds are managed accordingly to minimise these risks. The fund will focus its overseas investments in markets where the prospects are promising and where political and regulatory risks are anticipated to be within acceptable levels. Selected Performance Benchmark for PCSF The benchmark for PCSF is the MSCI Golden Dragon Index which is a market capitalisation weighted index designed to represent the performance of the equity markets of China. The fund may also consider investments in unlisted equities with attractive potential returns. In other words. In general.publicmutual. Taiwan. Furthermore. corporate debt and money market instruments to help generate returns. The fund’s exposure to these instruments will also be managed accordingly to minimise these risks. Fund Specific Benefits The fund allows the investor the opportunity to participate in the long-term growth potential of a diversified portfolio of blue chip stocks. these investments can also increase the volatility of the fund’s returns. the allocations to bonds and fixed income assets are raised usually at the expense of equity allocations when weaknesses in the equity markets are anticipated. listed warrants and options can potentially enhance the fund’s returns. and Hong Kong. Fund Specific Risk Management The asset allocation. While investments in futures contracts. Conversely. that the equity exposures are reduced to and below the minimum levels indicated in the table above. there may be situations such as when a severe downturn in the equity markets is expected and liquidity risks are high. Hence. the fund’s investments in these instruments will be assessed on an ongoing basis to ensure that their potential returns are commensurate with the additional risks incurred as a result of investing in these investments. when the equity markets are expected to perform well. liquidity risks and regulatory risks incurred as a result of investing abroad. As such. United States of America and other approved markets. foreign exchange risks. 73 . The fund’s investments may also include listed warrants and options to enhance its returns. China. The performance of the fund and its benchmark is available on Public Mutual’s website at www.my. liquidity management. To mitigate risks. the investment in bonds and fixed income assets is secondary to the focus on equities. Taiwan. the fund may employ hedging strategies to manage the risks posed to the fund.

In identifying such companies. companies which have at least 70% of their assets comprised of property or real estate assets. i. The balance of the fund’s NAV is invested in fixed income securities and liquid assets. Given the positive demographic factors and rising affluence of the population base in the regional markets. The fund may also invest in companies which have significant property or real estate assets. industry prospects. the long term outlook for companies involved in property investment and development. Note: Any material changes to the investment objective of the fund would require unitholders’ approval. can withstand extended periods of market highs and lows in pursuit of capital growth. hotel and resorts development and REITs is promising. The fund’s investment process also includes assessing various valuation ratios such as the Price Earnings Ratio (PER) and Price to Net Tangible Asset ratio (Price/NTA) of the stock/REIT.e. the fund relies on fundamental research where the financial health. hotel and resorts development and investment and real estate investment trusts (REITs) in domestic and regional markets. Investor Profile • • • moderate risk-reward temperament. hotel and resorts development and investment and real estate investment trusts (REITs) in domestic and regional markets. Although the fund is actively managed. Investment Strategy The fund is actively managed to achieve its goal of providing capital growth by investing in companies that are principally engaged in property investment and development. Fund Objective Seeks to achieve capital growth over the medium to long term period by investing in companies that are principally engaged in property investment and development. The fund may also invest in companies which have significant property or real estate assets. the frequency of its trading strategy will very much depend on market opportunities. management quality and past track records of the companies are considered. The dividend yields of property stocks and REITs are also considered. REITs and fixed income instruments to meet its investment objective. medium to long-term investor. Note: Medium to long term refers to a period of 3 years or more.DETAILED INFORMATION ON THE FUNDS (CONT’D) PUBLIC FAR-EAST PROPERTY & RESORTS FUND (PFEPRF) Fund Profile Category of Fund Type of Fund Equity Range of Fund Stock Selection of Fund Distribution Policy Investor’s Risk Profile Suggested Minimum Investment Period Designated Fund Managers Equity Capital growth and income 75% to 90% Property. 74 . The Fund Manager may also increase the fund’s equity exposure above the stated range if the outlook for equity markets is positive and returns are promising. Investment Policy PFEPRF invests in a diversified portfolio of equities. Its equity content in terms of NAV will range in the region of 75% to 90% of the NAV of the fund. hotel and resorts stocks and Real Estate Investment Trusts Annual income Moderate 3 years Tan Yan Heong and Tan Chee Chin The Fund Manager may adopt temporary defensive strategies by lowering the equity exposure of the fund below the above stated range if the investment climate is deemed to be unfavourable and weakness in the equity markets is expected.

Japan. may result in the fund experiencing significant volatilities in times of adverse market movements. The fund may also consider investments in unlisted equities with attractive potential returns. Where yields are attractive and interest rate trends are favourable. The fund’s exposure to these instruments will also be managed accordingly to minimise these risks. Indonesia. the fund’s exposure to bonds are managed accordingly to minimise these risks. the fund may also invest in futures contracts and listed options to hedge against market volatility. the funds are reallocated from fixed income assets to equities. particularly in companies that are expected to seek listing on the Bursa Securities or selected regional markets within a timeframe of two years. that the equity exposures are reduced to and below the minimum levels indicated in the table above. the investment in bonds and fixed income assets are often raised at the expense of equity allocations when weakness in the equity markets are anticipated. It should be noted that the bond investments may be adversely affected if interest rates were to move up sharply. hotel and resorts development and investment and real estate investment trusts (REITs) in domestic and regional markets. The liquidity and movement of these notes are similar to the underlying shares listed in their respective markets. The Fund Manager may adopt temporary defensive strategies by lowering the equity exposure of the fund below the above stated range if the investment climate is deemed to be unfavourable and weakness in the equity markets is expected. The Fund Manager may also increase the fund’s equity exposure above the stated range if the outlook for equity markets is positive and returns are promising. the fund’s investments in these instruments will be assessed on an ongoing basis to ensure that their potential returns are commensurate with the additional risks incurred as a result of investing in these investments. Fund Specific Benefits The fund allows the investor the opportunity to participate in the long-term growth potential of a diversified portfolio of stocks of companies that are principally engaged in property investment and development. The fund will focus its overseas investments in markets where the prospects are promising and where political and regulatory risks are anticipated to be within acceptable levels. listed warrants and options can potentially enhance the fund’s returns. To mitigate risks arising from factors which include foreign currency exposure and foreign interest rate movements. To mitigate risks. Hence. Notwithstanding the need for a stable and recurring income stream. Conversely. liquidity risks and regulatory risks incurred as a result of investing abroad. The fund’s investments may also include listed warrants and options to enhance its returns. The high equity exposures maintained at all times. As such. corporate debt and money market instruments to help generate interest income. Taiwan. there may be situations such as when a severe downturn in the equity markets is expected and liquidity risks are high. Australia. the fund may employ hedging strategies to manage the risks posed to the fund. The fund may invest in collective investment schemes both in the domestic or selected regional markets. Hong Kong. these investments can also increase the volatility of the fund’s returns. 75 . the investments in bonds are increased. China. Furthermore. New Zealand. diversification and hedging strategies employed are therefore central to the efforts to manage the risks posed to the fund. liquidity management. the above investments are subject to limits and restrictions that are precisely spelt out in the sections titled “Authorised Investments” and “Investment Restrictions”. Fund Specific Risk Management The asset allocation. when the equity markets are expected to perform well. The fund may invest in equity linked Participation Notes for selected regional stocks listed on the Luxembourg Stock Exchange. Philippines.DETAILED INFORMATION ON THE FUNDS (CONT’D) Up to 80% of the fund’s NAV can be invested in selected regional markets which include South Korea. The fund’s investments in foreign markets will be monitored to ensure that the potential returns are commensurate with political risks. Singapore. The fund may invest in fixed income securities such as sovereign bonds. foreign exchange risks. As such. Thailand and other approved markets. While investments in futures contracts. in particular.

S&P shall have no liability for any errors or omissions in calculating the Index.e. “The PFEPRF’s benchmark (the “Index”) is the exclusive property of Standard & Poor’s Financial Services LLC (“S&P”). Taiwan. 20% Malaysia and the balance of the 40% for the rest of the countries within the index universe currently including China ‘H’ Shares. Indonesia. 20% Australia. 20% Japan. The performance of the fund and its benchmark is available on Public Mutual’s website at www.publicmutual. Information on the fund’s benchmark is sourced from Standard & Poor’s.” 76 . The real estate sector are as defined by the then-current Global Industry Classification Standard (GICS). Public Mutual Berhad has contracted with S&P to maintain and calculate the Index. Korea and Thailand.DETAILED INFORMATION ON THE FUNDS (CONT’D) Selected Performance Benchmark for PFEPRF The benchmark of the fund is based on the constituents within the real estate sector of the Standard & Poor’s BMI Asia Pacific Index which is customised to the following weights i. Philippines. Hong Kong.com. Singapore.my. New Zealand.

industry prospects. index stocks and growth stocks listed on domestic and regional markets in South-East Asia to meet its investment objective.DETAILED INFORMATION ON THE FUNDS (CONT’D) PUBLIC SOUTH-EAST ASIA SELECT FUND (PSEASF) Fund Profile Category of Fund Type of Fund Equity Range of Fund Stock Selection Profile of Fund Distribution Policy Investor’s Risk Profile Suggested Minimum Investment Period Designated Fund Managers Equity fund Capital growth 75% to 95% Blue chips. 77 . Singapore. Investment Strategy PSEASF is actively managed to achieve the long-term goal of capital growth by investing in blue chips. The Fund Manager may also increase the fund’s equity exposure above the stated range if the outlook for equity markets is positive and returns are promising. Vietnam and other approved markets. The liquidity and movement of these notes are similar to the underlying shares listed in their respective markets. Although the fund is actively managed. index stocks and growth stocks listed on domestic and regional markets in South-East Asia. The fund may invest in equity linked Participation Notes for selected regional stocks listed on the Luxembourg Stock Exchange. Up to 70% of the fund’s NAV can be invested in selected regional markets which include Indonesia. corporate debt and money market instruments to help generate returns. the frequency of its trading strategy will very much depend on market opportunities. Thailand. The balance of the fund’s NAV will be invested in fixed income securities and money market instruments. management quality and past track records of the companies are considered. index stocks and growth stocks Incidental Aggressive 3 years Tan Yan Heong and Lum Peck Woon The Fund Manager may adopt temporary defensive strategies by lowering the equity exposure of the fund below the above stated range if the investment climate is deemed to be unfavourable and weakness in the equity markets is expected. Note: Any material changes to the investment objective of the fund would require unitholders’ approval. Philippines. Investor Profile • • • aggressive risk-reward temperament medium to long-term investor can withstand extended periods of market highs and lows in pursuit of capital growth Note: Medium to long term refers to a period of 3 years or more. Fund Objective To achieve capital growth over the medium to long-term period by investing in a portfolio of investments in SouthEast Asia markets. The fund may also invest in fixed income securities such as sovereign bonds. In general. the fund relies on fundamental research where the financial health. The fund generally maintains equity exposures within a range of 75% to 95% against its NAV. the investment in bonds and fixed income assets is secondary to the focus on equities. In identifying companies for investment. Investment Policy PSEASF will invest in a diversified portfolio of blue chips.

volume traded. previous closing price. Furthermore. While investments in futures contracts.P.com under Market Information Section) for a list of the component stocks of the KLCI and transactional information such as last traded price. foreign exchange risks. the fund may employ hedging strategies to manage the risks posed to the fund. As such. Selected Performance Benchmark for PSEASF The benchmarks of the fund and their respective percentages are as follows: • • • • • 35% Straits Times Index (STI) 30% Kuala Lumpur Composite Index (KLCI) 15% Jakarta Composite Index (JCI) 15% Stock Exchange of Thailand Index (SET) 5% Philippine Stock Exchange Index (PSEi) To obtain the latest information on the KLCI. that the equity exposures are reduced to and below the minimum levels indicated in the table above. To mitigate risks. the above investments are subject to limits and restrictions that are precisely spelt out in the sections titled “Authorised Investments” and “Investment Restrictions”. high and low for the day and other information. Stock Exchange of Thailand Index and Philippine Stock Exchange Index are available on Bloomberg L.publicmutual. The fund may also consider investments in unlisted equities with attractive potential returns.com. The fund’s exposure to these instruments will also be managed accordingly to minimise these risks. these investments can also increase the volatility of the fund’s returns. The fund will focus its overseas investments in markets where the prospects are promising and where political and regulatory risks are anticipated to be within acceptable levels. may result in the fund experiencing significant volatilities in times of adverse market movements. particularly in companies that are expected to seek listing on domestic and regional markets in South-East Asia markets within a timeframe of two years. diversification and hedging strategies employed are therefore central to the efforts to manage the risks posed to the fund. The high equity exposures maintained at all times. the fund may also invest in futures contracts and listed options to hedge against market volatility. The fund’s investments in foreign markets will be monitored to ensure that the potential returns are commensurate with political risks. in particular. the fund’s investments in these instruments will be assessed on an ongoing basis to ensure that their potential returns are commensurate with the additional risks incurred as a result of investing in these investments. liquidity risks and regulatory risks incurred as a result of investing abroad. growth stocks. The performance of the fund and its benchmark is available on Public Mutual’s website at www.bursamalaysia. 78 . The fund may invest in collective investment schemes both in the domestic or selected regional markets.my. the fund’s exposure to bonds are managed accordingly to minimise these risks.DETAILED INFORMATION ON THE FUNDS (CONT’D) The fund’s investments may also include listed warrants and options to enhance its returns. Fund Specific Risk Management The asset allocation. To mitigate risks arising from factors which include foreign currency exposure and foreign interest rate movements. fundamentally undervalued stocks and dividend stocks listed on domestic and regional markets in South-East Asia. Jakarta Composite Index. investors can refer to the Bursa Malaysia website (www. there may be situations such as when a severe downturn in the equity markets is expected and liquidity risks are high. Hence. Investments in fixed income securities may be adversely affected if interest rates were to move up sharply. Fund Specific Benefits The fund allows the investor the opportunity to participate in the long-term growth potential of a diversified portfolio of blue chip stocks. As such. liquidity management. listed warrants and options can potentially enhance the fund’s returns. The daily closing index for the Straits Times Index.

There are a total of 10 sectors under Bloomberg’s classification namely Basic Materials. The Fund Manager may also increase the fund’s equity exposure above the stated range if the outlook for equity markets is positive and returns are promising. To ensure sufficient diversification. The selection of market sectors to be invested by the fund is based primarily on the growth prospects of the sectors. Industrials. Technology and Utilities. This analysis will include a consideration of key macro factors such as business cycles of selected sectors and income levels and demographic trends which have an effect on various industries’ growth prospects. Investor Profile • • • aggressive risk-reward temperament medium to long-term investor can withstand extended periods of market highs and lows in pursuit of capital growth Investment Policy PSSF invests in a diversified portfolio of equities and fixed income instruments to meet its investment objective. Fund Objective To seek long-term capital appreciation by investing in a portfolio of securities from selected market sectors in the domestic market. Market sectors are defined as industry groups which the companies are classified based on Bloomberg classification. blue chip and growth stocks Incidental Aggressive 3 years Tan Yan Heong and Loo See Seong The Fund Manager may adopt temporary defensive strategies by lowering the equity exposure of the fund below the above stated range if the investment climate is deemed to be unfavourable and weakness in the equity markets is expected. The balance of the fund’s NAV will be invested in fixed income securities and liquid assets. The fund generally maintains equity exposures within a range of 75% to 95% against its NAV. Price to Net Tangible Asset ratio (Price/NTA) and dividend yield. Consumer Cyclical. Energy. Communications. Information on the sector selections of PSSF are updated monthly and can be obtained from Public Mutual’s website. The sector allocations for PSSF will be monitored on an ongoing basis and fund’s sector exposure will be rebalanced on a dynamic basis to ensure that the fund’s sector allocations are positioned to optimise the fund’s returns. Diversified Groups. After the sectors are identified. Stocks will be selected by assessing earnings growth potential and various valuation ratios such as Price Earnings Ratio (PER). Note: Any material changes to the investment objective of the fund would require unitholders’ approval.DETAILED INFORMATION ON THE FUNDS (CONT’D) PUBLIC SECTOR SELECT FUND (PSSF) Fund Profile Category of Fund Type of Fund Equity Range of Fund Stock Selection Profile of Fund Distribution Policy Investor’s Risk Profile Suggested Minimum Investment Period Designated Fund Managers Equity fund Capital growth 75% to 95% Index linked. The fund will invest in a maximum of 6 sectors in the domestic market but will maintain its investments in a minimum of 3 sectors at all times. Consumer Non Cyclical. Investment Strategy PSSF is actively managed to achieve the long-term goal of capital growth by identifying the market sectors in the domestic market which offer the most promising investment returns. the fund will maintain investments in a minimum of 3 sectors at all times. The fund will invest in a maximum of 6 of the most promising sectors determined by the Fund Manager. the Fund Manager will subsequently review the stocks available in the market for selected sectors and build up the fund’s investment portfolio accordingly. 79 . Financials.

it is deemed the most appropriate benchmark for this fund. Selected Performance Benchmark for PSSF The KLCI. Generally. the fund’s exposure to bonds are managed accordingly to minimise these risks. that the equity exposures are reduced to below the levels indicated in the table above. volume traded. As it is also a very widely followed and easily understood representation of the Bursa Securities. The fund may also invest in fixed income securities such as sovereign bonds. Investments in fixed income securities may be adversely affected if interest rates were to move up sharply. In identifying such companies. To obtain the latest information on the KLCI. corporate debt and money market instruments to help generate returns. The fund may participate in Initial Public Offerings (IPOs) of companies seeking a listing on Bursa Securities.bursamalaysia. The core of the fund’s equity portfolio comprises of companies that are components of the KLCI. management quality and past track records of the companies are considered. Although the fund is actively managed. Fund Specific Benefits The fund allows the investor the opportunity to participate in the long-term growth potential of a diversified portfolio of blue chip stocks. The fund may also invest in collective investment schemes in the domestic market. the investment in bonds and fixed income assets is secondary to the focus on equities. the above investments are subject to limits and restrictions that are precisely spelt out in the sections titled “Authorised Investments” and “Investment Restrictions”. investors can refer to the Bursa Malaysia website (www. there may be situations such as when a severe downturn in the equity markets is expected and liquidity risks are high. fundamentally undervalued stocks and dividend stocks of performing market sectors. the frequency of its trading strategy will very much depend on market opportunities. Fund Specific Risk Management The asset allocation. the fund relies on fundamental research where the financial health.DETAILED INFORMATION ON THE FUNDS (CONT’D) The equity investment of the fund primarily focuses on a diversified portfolio of index-linked companies. Furthermore. comprises 100 major stocks representing 63% of the Bursa Securities’ total market capitalisation. previous closing price. 80 . or Kuala Lumpur Composite Index. In general.com under Market Information Section) for a list of the component stocks of the KLCI and transactional information such as last traded price. growth stocks. high and low for the day and other information. As such. Hence. blue chip stocks and companies with growth prospects. liquidity management and diversification strategies employed are therefore central to the efforts to manage the risks posed to the fund. companies with reasonably high earnings growth prospect over the medium to long-term are selected. industry prospects.

The fund may also invest in multinational corporations in the consumer sector which have their products sold in Far East markets or have distribution outlets/establishments in the Far East region and are listed in United States.DETAILED INFORMATION ON THE FUNDS (CONT’D) PUBLIC FAR-EAST CONSUMER THEMES FUND (PFECTF) Fund Profile Category of Fund Type of Fund Equity Range of Fund Stock Selection Profile of Fund Distribution Policy Investor’s Risk Profile Suggested Minimum Investment Period Designated Fund Managers Equity fund Capital growth 75% to 90% Consumer sector stocks Incidental Aggressive 3 years Lum Ming Jang and Tan Chee Chin The Fund Manager may adopt temporary defensive strategies by lowering the equity exposure of the fund below the above stated range if the investment climate is deemed to be unfavourable and weakness in the equity markets is expected. The Fund Manager may also increase the fund’s equity exposure above the stated range if the outlook for equity markets is positive and returns are promising. 81 . The balance of the fund’s NAV will be invested in domestic fixed income securities and liquid assets. The fund generally maintains equity exposures within a range of 75% to 90% against its NAV. mainly equities. Investment Strategy PFECTF is actively managed to achieve the long-term goal of capital growth by focusing its investment in stocks in the consumer sector in the domestic and foreign markets. The fund will focus its investments in stocks in the consumer sector in the domestic and foreign markets. The fund may also invest in multinational corporations in the consumer sector which have their products sold in Far East markets or have distribution outlets/establishments in the Far East region and are listed in United States. Europe and Australian markets. in the consumer sector in the domestic and foreign markets. Fund Objective To achieve long term capital appreciation by investing in securities. The sales contribution of these companies from the Far East region will be evaluated annually. Note: Any material changes to the investment objective of the fund would require unitholders’ approval. Investment Policy PFECTF invests in a diversified portfolio of equities and fixed income instruments to meet its investment objective. These companies should have at least 25% of their existing revenue derived from the Far East region or are projected to derive at least 25% of revenue from the Far East region in the next two to three years. Europe and Australian markets. Investor Profile • • • aggressive risk-reward temperament medium to long-term investor can withstand extended periods of market highs and lows in pursuit of capital growth Note: Medium to long term refers to a period of 3 years or more.

Generally. Hong Kong. liquidity risks and regulatory risks incurred as a result of investing abroad. 82 . In identifying such companies. household goods. Although the fund is actively managed. Singapore. apparel. tobacco. the frequency of its trading strategy will very much depend on market opportunities. industry prospects. In general. Fund Specific Benefits The fund allows the investor the opportunity to participate in the long-term growth potential of a diversified portfolio of stocks in the consumer sector listed on the domestic and foreign markets. United States. fashion. may result in the fund experiencing significant volatilities in times of adverse market movements. The liquidity and movement of these notes are similar to the underlying shares listed in the Korea and Taiwan markets. As such. footwear. the fund relies on fundamental research where the financial health. The fund may also invest in collective investment schemes both in the domestic and foreign markets. the investment in bonds and fixed income assets is secondary to the focus on equities. Australia and other approved markets. The services segment within the consumer sector include companies in retailing. Hence. The fund may also invest in domestic fixed income securities such as sovereign bonds. foreign exchange risks. The fund’s investment process also involves assessing the various valuation ratios such as the Price Earnings Ratio (PER). the fund may invest in futures contracts and options to hedge against market volatility. diversification and hedging strategies employed are therefore central to the efforts to manage the risks posed to the fund. To mitigate risks arising from factors which include foreign currency exposure and foreign interest rate movements. services and leisure industries. there may be situations such as when a severe downturn in the equity markets is expected and liquidity risks are high. liquidity management. the fund’s investments in these instruments will be assessed on an ongoing basis to ensure that their potential returns are commensurate with the additional risks incurred as a result of investing in these investments. Up to 98% of the fund’s NAV can be invested in selected foreign markets which include Japan. China. the long term outlook for companies in the consumer sector is promising. The presence of growth stocks in the equity portfolio. restaurants. Robust economic growth and rising disposable incomes in the Far East region is projected to lead to increased consumer spending which will benefit companies in the consumer sector. the above investments are subject to limits and restrictions that are precisely spelt out in the sections titled “Authorised Investments” and “Investment Restrictions”. As such. the fund’s exposure to bonds are managed accordingly to minimise these risks. The fund’s exposure to these instruments will also be managed accordingly to minimise these risks. Fund Specific Risk Management The asset allocation. Korea. The fund’s investments in foreign markets will be monitored to ensure that the potential returns are commensurate with political risks. Taiwan. these investments can also increase the volatility of the fund’s returns. Furthermore. The fund may invest in equity linked Participation Notes for selected regional stocks listed on the Luxembourg Stock Exchange. the fund may employ hedging strategies to manage the risks posed to the fund. The fund’s investments may also include listed warrants and options to enhance its returns. in particular. Price to Net Tangible Asset Ratio (Price/NTA) and dividend yield of the stocks. Philippines.DETAILED INFORMATION ON THE FUNDS (CONT’D) Given the positive demographic factors and rising affluence of the population base in the Far East region. that the equity exposures are reduced to below the levels indicated in the table above. and consumer electronics and appliances industries. Europe. While investments in futures contracts. corporate debt and money market instruments to help generate returns. The fund will focus its overseas investments in markets where the prospects are promising and where political and regulatory risks are anticipated to be within acceptable levels. Indonesia. beverage. Investments in fixed income securities may be adversely affected if interest rates were to move up sharply. companies with reasonably high earnings growth prospect over the medium to long-term are selected. The fund may consider investments in unlisted equities with attractive potential returns. Thailand. management quality and past track records of the companies are considered. These companies include companies involved in the food. particularly in companies that are expected to seek listing on the Bursa Securities or other approved foreign markets within a timeframe of two years. listed warrants and options can potentially enhance the fund’s returns. To mitigate risks. textiles.

China ‘H’ Shares. Public Mutual Berhad has contracted with S&P to maintain and calculate the Index. The performance of the fund and its benchmark is available on Public Mutual’s website at www.my. Taiwan and South Korea.com.” 83 . Singapore.DETAILED INFORMATION ON THE FUNDS (CONT’D) Selected Performance Benchmark for PFECTF The benchmark of the fund is a customised index based on the constituents within the selected sectors of the Standard & Poor’s BMI Asia Ex-Japan Index comprising Malaysia. The selected sectors are the Consumer Discretionary and Consumer Staples sectors as defined by the then-current Global Industry Classification Standard (GICS). Philippines. Thailand.publicmutual. S&P shall have no liability for any errors or omissions in calculating the Index. “The PFECTF’s benchmark (the “Index”) is the exclusive property of Standard & Poor’s Financial Services LLC (“S&P”). Hong Kong. Indonesia. Information on the fund’s benchmark is sourced from Standard & Poor’s.

In identifying companies for investment. The Fund Manager may also increase the fund’s equity exposure above the stated range if the outlook for equity markets is positive and returns are promising. the Fund Manager relies on fundamental research where the financial health. the fund’s holdings of the stock will be disposed off as expediently as possible subject to availability of market liquidity. Investment Policy The fund will invest in companies with market capitalisation of RM10 billion and above in the greater China region namely China. industry prospects. 84 . the fund’s holdings of the stock will be disposed within a 6 month period subject to the availability of market liquidity. The rationale of the above proposal is to alleviate the fund from having to dispose off its stock holdings as a result of short term fluctuations in market price. Investment Strategy PCTF is actively managed and focuses on investing in companies with market capitalisation of RM10 billion and above in the greater China region namely China. The balance of the fund’s NAV will be invested in fixed income securities and money market instruments. Hong Kong and Taiwan markets and including China based companies listed on overseas markets. Hong Kong and Taiwan markets and including China based companies listed on overseas markets. Should the stock’s market capitalisation move below the stated range by more than 20%. Hong Kong and Taiwan markets and including China based companies listed on overseas markets with the aim of achieving capital growth over the long-term. Generally companies with good earnings growth prospect over the medium to long term are selected. Fund Objective To achieve capital growth over the medium to long-term period by investing in companies with market capitalisation of RM10 billion and above in the greater China region namely China. Note: Any material changes to the investment objective of the fund would require unitholders’ approval. Although the fund is actively managed. management quality and past track records of the companies are considered. Investor Profile • • • aggressive risk-reward temperament medium to long-term investor can withstand extended periods of market highs and lows in pursuit of capital growth Note: Medium to long term refers to a period of 3 years or more.DETAILED INFORMATION ON THE FUNDS (CONT’D) PUBLIC CHINA TITANS FUND (PCTF) Fund Profile Category of Fund Type of Fund Equity Range of Fund Stock Selection Profile of Fund Distribution Policy Investor’s Risk Profile Suggested Minimum Investment Period Designated Fund Managers Equity fund Capital growth 75% to 90% Companies with market capitalisation of RM10 billion and above. The fund generally maintains equity exposures within a range of 75% to 90% against its NAV. at the point of purchase Incidental Aggressive 3 years Lum Ming Jang and Tan Chee Chin The Fund Manager may adopt temporary defensive strategies by lowering the equity exposure of the fund below the above stated range if the investment climate is deemed to be unfavourable and weakness in the equity markets is expected. the frequency of its trading strategy will very much depend on market opportunities. Should the stock’s market capitalisation move below the stated range by a margin of up to 20% for a period of six consecutive months.

may result in the fund experiencing significant volatilities in times of adverse market movements. the fund’s exposure to bonds are managed accordingly to minimise these risks. The fund may also invest in fixed income securities such as sovereign bonds. the fund’s investments in these instruments will be assessed on an ongoing basis to ensure that their potential returns are commensurate with the additional risks incurred as a result of investing in these investments. The fund’s investments may also include listed warrants and options to enhance its returns. the fund may employ hedging strategies to manage the risks posed to the fund. As such. The fund may invest in equity linked Participation Notes for selected regional stocks listed on the Luxembourg Stock Exchange. The performance of the fund and its benchmark is available on Public Mutual’s website at www. The high equity exposures maintained at all times. To mitigate risks. In general. Hong Kong and Taiwan markets and including China based companies listed on overseas markets. that the equity exposures are reduced to below the minimum levels indicated in the table above. The fund’s investments in foreign markets will be monitored to ensure that the potential returns are commensurate with political risks. the investment in bonds and fixed income assets is secondary to the focus on equities. To mitigate risks arising from factors which include foreign currency exposure and foreign interest rate movements. The fund may also consider investments in unlisted equities with attractive potential returns. the above investments are subject to limits and restrictions that are precisely spelt out in the sections titled “Authorised Investments” and “Investment Restrictions”. Selected Performance Benchmark for PCTF The benchmarks of the fund and their respective percentages are as follows: • • • 40% Hang Seng China Enterprises Index (HSCEI) 30% Hang Seng Index (HSI) 30% TSEC Taiwan 50 Index The information on Hang Seng China Enterprises Index. As such. The fund’s exposure to these instruments will also be managed accordingly to minimise these risks. foreign exchange risks. Fund Specific Benefits The fund allows the investor the opportunity to participate in the long-term growth potential of a diversified portfolio of companies with market capitalisation of RM10 billion and above in the greater China region namely China. liquidity risks and regulatory risks incurred as a result of investing abroad.my. While investments in futures contracts. Singapore. these investments can also increase the volatility of the fund’s returns. The fund will focus its overseas investments in markets where the prospects are promising and where political and regulatory risks are anticipated to be within acceptable levels. corporate debt and money market instruments to help generate returns. Furthermore. there may be situations such as when a severe downturn in the equity markets is expected and liquidity risks are high. the fund may also invest in futures contracts and listed options to hedge against market volatility. however. Hang Seng Index and TSEC Taiwan 50 Index is obtainable from Bloomberg L. The focus of the fund is on identifying companies that have strong growth potential and companies that trade at attractive valuations with sound fundamentals. Investments in fixed income securities may be adversely affected if interest rates were to move up sharply.publicmutual. particularly in companies that are expected to seek listing on the markets within a timeframe of two years. liquidity management. in particular. The fund may also invest in collective investment schemes both in the domestic and foreign markets. Fund Specific Risk Management The asset allocation. diversification and hedging strategies employed are therefore central to the efforts to manage the risks posed to the fund. China. listed warrants and options can potentially enhance the fund’s returns. The liquidity and movement of these notes are similar to the underlying shares listed in their respective markets.P. Hence. United States of America and other approved markets. 85 .DETAILED INFORMATION ON THE FUNDS (CONT’D) Up to 98% of the fund’s NAV can be invested in selected foreign markets which include Hong Kong.com.

These Notes are purchased and sold by investors in similar manner to trading of shares. Hong Kong. The liquidity and movement of these notes are similar to the underlying shares listed in their respective markets. Although the fund is actively managed. Japan.DETAILED INFORMATION ON THE FUNDS (CONT’D) PUBLIC FAR-EAST TELCO & INFRASTRUCTURE FUND (PFETIF) Fund Profile Category of Fund Type of Fund Equity Range of Fund Stock Selection Profile of Fund Distribution Policy Investor’s Risk Profile Suggested Minimum Investment Period Designated Fund Managers Equity fund Capital growth 75% to 90% Telecommunications. the fund relies on fundamental research where the financial health. The fund generally maintains equity exposures within a range of 75% to 90% against its NAV. Fund Objective To achieve capital growth over the medium to long term period by investing in securities. Note: Any material changes to the investment objective of the fund would require unitholders’ approval. These Notes are issued by international foreign broking houses for investment by investors who are not able to invest directly in the underlying foreign shares. Generally. the frequency of its trading strategy will very much depend on market opportunities. Taiwan. Investor Profile • • • aggressive risk-reward temperament medium to long-term investor can withstand extended periods of market highs and lows in pursuit of capital growth Note: Medium to long term refers to a period of 3 years or more. The fund may invest in equity linked Participation Notes for selected regional stocks listed on the Luxembourg Stock Exchange. Price to Net Tangible Asset Ratio (Price/NTA) and dividend yield of the stocks. The balance of the fund’s NAV will be invested in fixed income securities and liquid assets. Up to 98% of PFETIF’s NAV can be invested in selected foreign markets which include South Korea. The fund’s investment process also involves assessing the various valuation ratios such as the Price Earnings Ratio (PER). Indonesia. In identifying such companies. Investment Strategy PFETIF is actively managed to achieve the long-term goal of capital growth by focusing its investment in the telecommunications. management quality and past track records of the companies are considered. Equity linked Participation Notes are Over-the-Counter instruments designed to track designated securities. China. Thailand and other approved markets. 86 . Philippines. The Fund Manager may also increase the fund’s equity exposure above the stated range if the outlook for equity markets is positive and returns are promising. infrastructure and utilities stocks Incidental Aggressive 3 years Tan Yan Heong and Lum Peck Woon The Fund Manager may adopt temporary defensive strategies by lowering the equity exposure of the fund below the above stated range if the investment climate is deemed to be unfavourable and weakness in the equity markets is expected. infrastructure and utilities sectors in the domestic and foreign markets. infrastructure and utilities sectors in Far-East markets. Investment Policy PFETIF invests in a diversified portfolio of equities and fixed income instruments to meet its investment objective. The fund will focus its investments in stocks in the telecommunications. Singapore. in the telecommunications. companies with reasonably high earnings growth prospect over the medium to long-term are selected. mainly equities. infrastructure and utilities sectors in the domestic and foreign markets. industry prospects.

Philippines. S&P shall have no liability for any errors or omissions in calculating the Index. Singapore. Fund Specific Benefits The fund allows the investor the opportunity to participate in the long-term growth potential of a diversified portfolio of stocks in the telecommunications. particularly in companies that are expected to seek listing on the Bursa Securities or other approved foreign markets within a timeframe of two years. The selected sectors are customised to the following weights i. As such. the fund may employ hedging strategies to manage the risks posed to the fund. Taiwan and South Korea. The fund’s investments may also include listed warrants and options to enhance its returns. the fund’s exposure to bonds are managed accordingly to minimise these risks. foreign exchange risks. Information on the fund’s benchmark is sourced from Standard & Poor’s.my. infrastructure and utilities sectors in the domestic and foreign markets. Hong Kong. In general.publicmutual. Fund Specific Risk Management The asset allocation. there may be situations such as when a severe downturn in the equity markets is expected and liquidity risks are high.” 87 . the above investments are subject to limits and restrictions that are precisely spelt out in the sections titled “Authorised Investments” and “Investment Restrictions”. The fund will focus its overseas investments in markets where the prospects are promising and where political and regulatory risks are anticipated to be within acceptable levels. China ‘H’ Shares. Investments in fixed income securities may be adversely affected if interest rates were to move up sharply. Hence. While investments in listed warrants and options can potentially enhance the fund’s returns. Thailand. in particular. The performance of the fund and its benchmark is available on Public Mutual’s website at www. Furthermore. liquidity management. 40% Telecommunication Service. Selected Performance Benchmark for PFETIF The benchmark of the fund is a customised index based on the constituents within the selected sectors of the Standard & Poor’s BMI Asia Ex-Japan Index comprising Malaysia. these investments can also increase the volatility of the fund’s returns. diversification and hedging strategies employed are therefore central to the efforts to manage the risks posed to the fund. The fund may also invest in collective investment schemes both in the domestic and foreign markets. The fund may consider investments in unlisted equities with attractive potential returns. To mitigate risks arising from factors which include foreign currency exposure and foreign interest rate movements. The fund’s exposure to these instruments will also be managed accordingly to minimise these risks. the fund may invest in futures contracts and options to hedge against market volatility. Indonesia. To mitigate risks. The fund’s investments in foreign markets will be monitored to ensure that the potential returns are commensurate with political risks. the fund’s investments in these instruments will be assessed on an ongoing basis to ensure that their potential returns are commensurate with the additional risks incurred as a result of investing in these investments. that the equity exposures are reduced to below the levels indicated in the table above. 30% Construction & Materials and 30% Utilities sectors. The above sectors are defined by the then-current Global Industry Classification Standard (GICS). corporate debt and money market instruments to help generate returns. Public Mutual Berhad has contracted with S&P to maintain and calculate the Index.DETAILED INFORMATION ON THE FUNDS (CONT’D) The fund may also invest in fixed income securities such as sovereign bonds. may result in the fund experiencing significant volatilities in times of adverse market movements. The presence of growth stocks in the equity portfolio. liquidity risks and regulatory risks incurred as a result of investing abroad. As such. “The PFETIF’s benchmark (the “Index”) is the exclusive property of Standard & Poor’s Financial Services LLC (“S&P”).com.e. the investment in bonds and fixed income assets is secondary to the focus on equities.

Australia. Philippines and other markets. industry prospects. the investment in bonds and fixed income assets is secondary to the focus on equities. Investor Profile • • • aggressive risk-reward temperament medium to long-term investor can withstand extended periods of market highs and lows in pursuit of capital growth Note: Medium to long-term refers to a period of 3 years or more. New Zealand. Note: Any material changes to the investment objective of the fund would require unitholders’ approval. Investment Policy PSA30F will invest in up to a maximum of 30 stocks primarily listed on Bursa Securities to meet its investment objective. The fund may also invest in equity linked Participation Notes for selected regional stocks listed on the Luxembourg Stock Exchange. Indonesia. the fund may invest in selected foreign markets which include Singapore. Taiwan. Hong Kong. The Fund Manager may adopt temporary defensive strategies by lowering the equity exposure of the fund below the stated range if the investment climate is deemed to be unfavourable and the equity markets are expected to be weak. the Fund Manager relies on fundamental research where the financial health. Fund Objective To achieve capital growth over the medium to long term period by investing in up to a maximum of 30 stocks primarily listed on Bursa Securities. Investment Strategy PSA30F is actively managed to achieve its goal of achieving capital growth by investing in up to a maximum of 30 stocks primarily listed on Bursa Securities. To achieve increased diversification. index stocks and growth stocks Incidental Aggressive 3 years Lum Ming Jang and Andrew Seah Saik Weng The Fund Manager may adopt temporary defensive strategies by lowering the equity exposure of the fund below the above stated range if the investment climate is deemed to be unfavourable and weakness in the equity markets is expected. Although the fund is actively managed. The balance of the fund’s NAV may be invested in fixed income securities and money market instruments. the frequency of its trading strategy will very much depend on market opportunities. Japan. The Fund Manager may also increase the fund’s equity exposure above the stated range if the outlook for equity markets is positive and returns are promising. The fund may also invest in fixed income securities such as sovereign bonds. Thailand. management quality and past track records of the companies are considered. China. corporate debt and money market instruments to help generate returns. 88 . The fund generally maintains equity exposures within a range of 75% to 95% against its NAV. The liquidity and movement of these notes are similar to the underlying shares listed in their respective markets.DETAILED INFORMATION ON THE FUNDS (CONT’D) PUBLIC SELECT ALPHA-30 FUND (PSA30F) Fund Profile Category of Fund Type of Fund Equity Range of Fund Stock Selection Profile of Fund Distribution Policy Investor’s Risk Profile Suggested Minimum Investment Period Designated Fund Managers Equity fund Capital growth 75% to 95% Blue chips. In general. South Korea. The Fund Manager may also increase the fund’s equity exposure above the stated range if the outlook for equity markets is positive and returns are promising. In identifying companies for investment.

bursamalaysia. high and low for the day and other information. Fund Specific Risk Management The asset allocation. previous closing price. As such. the above investments are subject to limits and restrictions that are precisely spelt out in the sections titled “Authorised Investments” and “Investment Restrictions”. The fund’s investments in foreign markets will be monitored to ensure that the potential returns are commensurate with political risks. liquidity management and diversification strategies employed are central to the efforts to manage the risks posed to the fund. the fund’s exposure to bonds are managed accordingly to minimise these risks. The high equity exposures maintained at all times. As it is also a very widely followed and easily understood representation of the Bursa Securities. The fund may also invest in collective investment schemes in the domestic and foreign markets. Furthermore. 89 . Fund Specific Benefits The fund allows the investor the opportunity to participate in the long-term growth potential of a portfolio comprising of up to 30 selected stocks listed primarily on Bursa Securities. the fund’s investments in these instruments will be assessed on an ongoing basis to ensure that their potential returns are commensurate with the additional risks incurred as a result of investing in these investments. these investments can also increase the volatility of the fund’s returns. foreign exchange risks. in particular. that the equity exposures are reduced to and below the minimum levels indicated in the table above. listed warrants and options can potentially enhance the fund’s returns. may result in the fund experiencing significant volatilities in times of adverse market movements. To mitigate risks. Selected Performance Benchmark for PSA30F The KLCI. While investments in futures contracts. comprises 100 major stocks representing 63% of the Bursa Securities’ total market capitalisation. the fund may invest in futures contracts and options to hedge against market volatility.DETAILED INFORMATION ON THE FUNDS (CONT’D) The fund’s investments may also include listed warrants and options to enhance its returns.com under Market Information Section) for a list of the component stocks of the KLCI and transactional information such as last traded price. investors can refer to the Bursa Malaysia website (www. The fund will focus its overseas investments in markets where the prospects are promising and where political and regulatory risks are anticipated to be within acceptable levels. Hence. it is deemed the most appropriate benchmark for this Fund. The fund’s exposure to these instruments will also be managed accordingly to minimise these risks. or Kuala Lumpur Composite Index. particularly in companies that are expected to seek listing on the Bursa Securities or other markets within a timeframe of two years. liquidity risks and regulatory risks incurred as a result of investing abroad. The fund may also consider investments in unlisted equities with attractive potential returns. the fund may employ hedging strategies to manage the risks posed to the fund. As such. volume traded. To mitigate risks arising from factors which include foreign currency exposure and foreign interest rate movements. Investments in fixed income securities may be adversely affected if interest rates were to move up sharply. there may be situations such as when a severe downturn in the equity markets is expected and liquidity risks are high. To obtain the latest information on the KLCI. The core of the fund’s equity portfolio comprises of companies that are components of the KLCI.

Although the fund is actively managed. The balance of the fund’s NAV would be invested in bonds and other fixed income securities to generate the required recurring income. In identifying such companies. the fund relies on fundamental research where the financial health. Where yields are attractive and interest rate trends are favourable. the investments in bonds are increased. the funds are reallocated from fixed income assets to equities. the frequency of its trading strategy will very much depend on market opportunities. Investor Profile • • • conservative to moderate risk-reward temperament preference for receiving regular income and a respectable measure of capital growth medium to long-term investor Investment Policy To create a prudent mix of primarily Malaysian equities and fixed income securities in the ratio of 60:40 which is in line with the fund’s objective. companies with reasonably good earnings growth prospect over the medium to long-term are sought. management quality and past track records of the companies are considered. Generally. industry prospects. Conversely. The balance of the fund’s NAV will be invested in fixed income securities and liquid assets. the investment in bonds and fixed income assets is often raised at the expense of equity allocations when weaknesses in the equity markets are anticipated. blue chip stocks and companies with growth prospects that are listed on the Bursa Securities. Note: Any material changes to the investment objective of the fund would require unitholders’ approval. Investment Strategy PBF is actively managed and seeks to meet its objectives of producing a steady and recurring income while pursuing long-term capital growth by adhering to a balanced asset allocation approach of investing 40% to 60% of the NAV in equities. corporate debt and money market instruments. Fund Objective To provide a steady income and capital growth over the medium to long-term period. The equity investment of the fund primarily focuses on a diversified portfolio of index-linked companies. 90 .DETAILED INFORMATION ON THE FUNDS (CONT’D) PUBLIC BALANCED FUND (PBF) Fund Profile Category of Fund Type of Fund Equity Range of Fund Stock Selection Profile of Fund Distribution Policy Investor’s Risk Profile Suggested Minimum Investment Period Designated Fund Managers Balanced fund Income and capital growth 40% to 60% Blue chips and growth stocks Incidental Conservative to moderate 3 years Tan Yan Heong and Loo See Seong The Fund Manager may adopt temporary defensive strategies by lowering the equity exposure of the fund below the above stated range if the investment climate is deemed to be unfavourable and weakness in equity markets is expected. Notwithstanding the need for a stable and recurring income stream. Its equity content in terms of NAV will range between 40% to 60% of the NAV of the fund. when the equity markets are expected to perform well. The non-equity portion of the fund is invested in fixed income securities such as sovereign bonds.

liquidity management. South Korea. China. The fund’s exposure to these instruments will also be managed accordingly to minimise these risks. The asset allocation. The fund may consider investments in unlisted equities with attractive potential returns. the fund’s investments in these instruments will be assessed on an ongoing basis to ensure that their potential returns are commensurate with the additional risks incurred as a result of investing in these investments. exposures to bonds are managed accordingly to minimise the risks. The fund’s investments in foreign markets will be monitored to ensure that the potential returns are commensurate with political risks. particularly in companies that are expected to seek listing on the Bursa Securities or other approved foreign markets within a timeframe of two years. the above investments are subject to limits and restrictions that are precisely spelt out in the sections titled “Authorised Investments” and “Investment Restrictions”. The fund will focus its overseas investments in markets where the prospects are promising and where political and regulatory risks are anticipated to be within acceptable levels. The core of the fund’s equity portfolio comprises of companies that are components of the KLCI. Nevertheless. listed warrants and options can potentially enhance the fund’s returns. In addition. the effectiveness of any attempts to hedge is subject to errors of judgement and execution that may result in significant underperformance and even losses. To mitigate risks. comprises 100 major stocks representing 63% of the Bursa Securities’ total market capitalisation. sell or trade are based on the decision of the fund managers who adopt an active fund management approach. Thailand. it is deemed that the most appropriate benchmark for this fund is the KLCI. 91 . as in other investment activities. To mitigate risks arising from factors which include foreign currency exposure and foreign interest rate movements. The foreign markets which the fund may invest in include Singapore. the fund may employ hedging strategies to manage the risks posed to the fund. in particular. Furthermore. the Public Balanced Equity Index (PBEIX) was created. Japan. may result in the fund experiencing significant volatilities in times of adverse market movements. Fund Specific Benefits The fund allows the investor the opportunity to invest in a balanced approach where investments are made in equities and fixed income securities in near equal proportion to spread out the risks. As such. To better reflect the scope and parameters of the fund especially with regards to the equity constraints of 60%. foreign exchange risks. diversification and hedging strategies employed are therefore central to the efforts to manage the risks posed to the fund. Taiwan. or Kuala Lumpur Composite Index. The asset allocation between the various investment assets referred to above and the decision to invest. participation by PBF in futures and options contracts should also help reduce the overall risk in the fund’s portfolio by providing a useful hedging tool against undue short-term volatilities. its significant exposure to equities. It should be noted that the returns from bond investments may be adversely affected should interest rates hike up sharply. there may even be situations such as when a severe downturn in the equity markets is expected and liquidity risks are high. The fund’s investments may also include listed warrants and options to enhance its returns. the equity content will range from 40% to 60% of the fund.DETAILED INFORMATION ON THE FUNDS (CONT’D) To achieve increased diversification. PBEIX is a hybrid index whose value is subject to the daily changes in the KLCI and the 3-month Kuala Lumpur Interbank Offered Rates on a 60:40 basis. The fund may also invest in collective investment schemes both in the domestic and foreign markets. the fund may invest in futures contracts and options to hedge against market volatility. Indonesia. that the equity exposures are reduced to below the above stated range. the fund may invest in foreign markets if the returns are assessed to be promising. liquidity risks and regulatory risks incurred as a result of investing abroad. Nevertheless. these investments can also increase the volatility of the fund’s returns. As it is also very widely followed and easily understood representation of the Bursa Securities. the equity portfolio may be reduced accordingly. Hence. In times of actual or anticipated stock market weaknesses. As such. Selected Performance Benchmark for PBF The KLCI. The potentially large but highly volatile returns from equity investments are moderated by the fairly stable performance from the fixed income securities. Philippines and other approved markets. Hong Kong. The index is assumed to be rebalanced to 60% equity exposure at the end of each trading day. While investments in futures contracts. Fund Specific Risk Management Normally. The returns of the fund should be significantly less volatile than the equity market as a result.

92 . This index represents an appropriate performance benchmark for gauging the performance of PBF in view of the fund’s 60% equities portfolio composition. the returns for PBEIX for any given period of time would be made up of 60% from the returns of the KLCI and 40% from 3-Month KLIBOR interest earned for the same period of time. the returns for 3-Month KLIBOR is calculated by accruing interest earned on a daily basis from the daily closing quoted 3-Month KLIBOR rates. Therefore.DETAILED INFORMATION ON THE FUNDS (CONT’D) Public Balanced Equity Index (PBEIX) is a proprietary composite benchmark index comprising of a hypothetical investment in the KLCI and 3-Month KLIBOR in a 60:40 ratio. For the purpose of this index. Information on the performance of the PBEIX is available in the Interim and Annual Reports of PBF.

The balance of the fund’s NAV would be invested in bonds and other fixed income securities to generate the required recurring income. China. Philippines. Hong Kong. Taiwan. Thailand. Japan. management quality and past track records of the companies are considered. The balance of the fund’s NAV will be invested in fixed income securities and liquid assets. when the equity markets are expected to perform well. Conversely. corporate debt and money market instruments. Note: Any material changes to the investment objective of the fund would require unitholders’ approval. Singapore. Although the fund is actively managed.DETAILED INFORMATION ON THE FUNDS (CONT’D) PUBLIC FAR-EAST BALANCED FUND (PFEBF) Fund Profile Category of Fund Type of Fund Equity Range of Fund Stock Selection Profile of Fund Distribution Policy Investor’s Risk Profile Suggested Minimum Investment Period Designated Fund Managers Balanced fund Income and capital growth 40% to 60% Blue chips and growth stocks Incidental Conservative to moderate 3 years Tan Chee Chin and Lum Meng Seng The Fund Manager may adopt temporary defensive strategies by lowering the equity exposure of the fund below the above stated range if the investment climate is deemed to be unfavourable and weakness in equity markets is expected. the fund relies on fundamental research where the financial health. industry prospects. Up to 60% of the fund’s NAV can be invested in selected regional markets which include South Korea. The non-equity portion of the fund is invested in fixed income securities such as sovereign bonds. Fund Objective To provide income and capital growth over the medium to long-term period. Notwithstanding the need for a stable and recurring income stream. the frequency of its trading strategy will very much depend on market opportunities. companies with reasonably good earnings growth prospect over the medium to long-term are selected. Generally. Where yields are attractive and interest rate trends are favourable. Investment Strategy PFEBF is actively managed and seeks to meet its objective of producing income while pursuing long-term capital growth by adhering to a balanced asset allocation approach of investing 40% to 60% of the NAV in equities. Investor Profile • • • conservative to moderate risk-reward temperament preference for receiving income and a respectable measure of capital growth medium to long-term investor Investment Policy To create a prudent mix of equities and fixed income securities in the ratio of 60:40 which is in line with the fund’s objective. the investment in bonds and fixed income assets are often raised at the expense of equity allocations when weaknesses in the equity markets are anticipated. Indonesia and other approved markets. blue chip stocks and companies with growth prospects that are listed on Bursa Securities and selected regional stock markets. Its equity content will range in the region of between 40% to 60% of the NAV of the fund. the funds are reallocated from fixed income assets to equities. In identifying such companies. 93 . the investments in bonds are increased. The equity investment of the fund primarily focuses on a diversified portfolio of index-linked companies.

the fund’s investments in these instruments will be assessed on an ongoing basis to ensure that their potential returns are commensurate with the additional risks incurred as a result of investing in these investments. growth stocks. its significant exposure to equities.P. liquidity risks and regulatory risks incurred as a result of investing abroad. Hence. foreign exchange risks. 94 . the fund may invest in futures contracts and options to hedge against market volatility. which is published in the business sections of the daily newspapers. these investments can also increase the volatility of the fund’s returns. Furthermore. diversification and hedging strategies employed are therefore central to the efforts to manage the risks posed to the fund. The daily closing index for the MSCI AC Far East Ex-Japan Index is available on Bloomberg L. The performance of the fund and its benchmark is available on Public Mutual’s website at www. the fund’s exposure to bonds are managed accordingly to minimise these risks. and 40% 3-Month Kuala Lumpur Interbank Offered Rates (KLIBOR) Information on the 3-Month KLIBOR is provided by Bank Negara Malaysia. in particular. As such. The fund may also consider investments in unlisted equities with attractive potential returns. As such.DETAILED INFORMATION ON THE FUNDS (CONT’D) The fund’s investments may also include listed warrants and options to enhance its returns. Investments in fixed income securities may be adversely affected if interest rates were to move up sharply. The fund may also invest in collective investment schemes both in the domestic and foreign markets.publicmutual. liquidity management. Selected Performance Benchmark for PFEBF The benchmarks of the fund and their respective percentages are as follows: • • 60% MSCI AC Far-East Ex-Japan Index. Fund Specific Risk Management The asset allocation. To mitigate risks arising from factors which include foreign currency exposure and foreign interest rate movements. there may be situations such as when a severe downturn in the equity markets is expected and liquidity risks are high. listed warrants and options can potentially enhance the fund’s returns. fundamentally undervalued stocks and dividend stocks listed on selected regional stock markets. The fund’s exposure to these instruments will also be managed accordingly to minimise these risks. While investments in futures contracts. that the equity exposures are reduced to and below the minimum levels indicated in the table above. The fund’s investments in foreign markets will be monitored to ensure that the potential returns are commensurate with political risks. Nevertheless. particularly in companies that are expected to seek listing on the Bursa Securities or other approved foreign markets within a timeframe of two years. To mitigate risks. the above investments are subject to limits and restrictions that are precisely spelt out in the sections titled “Authorised Investments” and “Investment Restrictions”.com. the fund may employ hedging strategies to manage the risks posed to the fund.my. may result in the fund experiencing significant volatilities in times of adverse market movements. Fund Specific Benefits The fund allows the investor the opportunity to participate in the long-term growth potential of a diversified portfolio of blue chip stocks. The fund will focus its overseas investments in markets where the prospects are promising and where political and regulatory risks are anticipated to be within acceptable levels.

Up to 60% of the fund’s NAV can be invested in selected global markets which include United States of America. industry prospects. The equity investment of the fund will comprise of collective investment schemes which focus on a diversified portfolio of index-linked companies. United Kingdom. Switzerland. collective investment schemes and fixed income securities in domestic and global markets. France. Australia. New Zealand. Germany. Canada. In identifying such companies. the fund relies on fundamental research where the financial health. The fund will also invest in blue chips. Singapore. Note: Any material changes to the investment objective of the fund would require unitholders’ approval. management quality and past track records of the companies are considered. The balance of the fund’s NAV would be invested in bonds and other fixed income securities to generate the required recurring income. Although the fund is actively managed. Investor Profile • • • conservative to moderate risk-reward temperament preference for receiving income and a respectable measure of capital growth medium to long-term investor Investment Policy To create a mix of equities and fixed income securities in the ratio of 60:40 which is in line with the fund’s objective. Philippines and other approved markets. 95 . Thailand. The balance of the fund’s NAV will be invested in fixed income securities and liquid assets. the frequency of its trading strategy will very much depend on market opportunities. Spain. index stocks and growth stocks Incidental Conservative to moderate 3 years Lum Ming Jang and Chiang Kang Pey The Fund Manager may adopt temporary defensive strategies by lowering the equity exposure of the fund below the above stated range if the investment climate is deemed to be unfavourable and weakness in equity markets is expected. Japan. Hong Kong. Its equity content will range in the region of between 40% to 60% of the NAV of the fund. Investment Strategy PGBF is actively managed and seeks to meet its objective of producing income while pursuing long-term capital growth by adhering to a balanced asset allocation approach of investing 40% to 60% of the NAV in equities. Italy. index stocks and growth stocks on selected global markets. Luxembourg. Taiwan.DETAILED INFORMATION ON THE FUNDS (CONT’D) PUBLIC GLOBAL BALANCED FUND (PGBF) Fund Profile Category of Fund Type of Fund Equity Range of Fund Stock Selection Profile of Fund Distribution Policy Investor’s Risk Profile Suggested Minimum Investment Period Designated Fund Managers Balanced fund Income and capital growth 40% to 60% Blue chips. China. blue chip stocks and growth stocks that are listed on Bursa Securities and selected global stock markets. Indonesia. Fund Objective To provide income and capital growth over the medium to long-term period by investing in equities. South Korea. Finland. India.

foreign exchange risks. Investments in fixed income securities may be adversely affected if interest rates were to move up sharply. may result in the fund experiencing significant volatilities in times of adverse market movements. the above investments are subject to limits and restrictions that are precisely spelt out in the sections titled “Authorised Investments” and “Investment Restrictions”. 96 . when the equity markets are expected to perform well. the fund’s exposure to bonds are managed accordingly to minimise these risks. which is published in the business sections of the daily newspapers.P. The fund’s exposure to these instruments will also be managed accordingly to minimise these risks. Where yields are attractive and interest rate trends are favourable. Selected Performance Benchmark for PGBF The benchmarks of the fund and their respective percentages are as follows: • • 60% MSCI All Country World Index. the fund’s investments in these instruments will be assessed on an ongoing basis to ensure that their potential returns are commensurate with the additional risks incurred as a result of investing in these investments. The performance of the fund and its benchmark is available on Public Mutual’s website at www. To mitigate risks arising from factors which include foreign currency exposure and foreign interest rate movements. index stocks. the investment in bonds and fixed income assets are often raised at the expense of equity allocations when weaknesses in the equity markets are anticipated. the investments in bonds are increased. fundamentally undervalued stocks and dividend stocks listed on selected global stock markets. Conversely. To mitigate risks. Fund Specific Benefits The fund allows the investor the opportunity to participate in the long-term growth potential of a diversified portfolio of blue chip stocks. As such.com. diversification and hedging strategies employed are therefore central to the efforts to manage the risks posed to the fund. The fund’s investments may include listed warrants and options to enhance its returns. As such. particularly in companies that are expected to seek listing on the Bursa Securities or selected global markets within a timeframe of two years.DETAILED INFORMATION ON THE FUNDS (CONT’D) The non-equity portion of the fund is invested in fixed income securities such as sovereign bonds.my. listed warrants and options can potentially enhance the fund’s returns. Hence. the fund may employ hedging strategies to manage the risks posed to the fund. liquidity management. growth stocks. in particular. The fund will focus its overseas investments in markets where the prospects are promising and where political and regulatory risks are anticipated to be within acceptable levels. The high equity exposures maintained at all times. The fund may also consider investments in unlisted equities with attractive potential returns.publicmutual. and 40% 3-Month Kuala Lumpur Interbank Offered Rates (KLIBOR) Information on the 3-Month KLIBOR is provided by Bank Negara Malaysia. Fund Specific Risk Management The asset allocation. there may be situations such as when a severe downturn in the equity markets is expected and liquidity risks are high. The daily closing index for the MSCI World Index is available on Bloomberg L. that the equity exposures are reduced to and below the minimum levels indicated in the table above. Notwithstanding the need for a stable and recurring income stream. the funds are reallocated from fixed income assets to equities. The fund’s investments in foreign markets will be monitored to ensure that the potential returns are commensurate with political risks. these investments can also increase the volatility of the fund’s returns. corporate debt and money market instruments. the fund may also invest in futures contracts and options to hedge against market volatility. While investments in futures contracts. liquidity risks and regulatory risks incurred as a result of investing abroad. Furthermore.

Australia. the fund will likely be exposed to the risks of adverse interest rate movements and credit rating downgrades. should interest rates turn favourable i. In doing so.DETAILED INFORMATION ON THE FUNDS (CONT’D) PUBLIC BOND FUND (P BOND) Fund Profile Category of Fund Type of Fund Security Selection Profile of Fund Distribution Policy Investor’s Risk Profile Suggested Minimum Investment Period Designated Fund Managers Fund Objective To provide a steady stream of income returns through investment in the money market and private debt securities. the credit risks assumed are limited to the extent that any bond invested in must have a minimum credit rating of BBB at the point of purchase. Fund Specific Risk Management The fund will seek to maximise its potential return by investing in bonds that command higher yields than money market instruments. to produce returns that are significantly better than fixed deposits. Note: Any material changes to the investment objective of the fund would require unitholders’ approval. The fund invests in a diversified portfolio of bonds. Investment Strategy P BOND seeks to meet its objective of producing a steady and recurring annual income stream with some measure of long-term capital growth by investing in a portfolio of fixed income securities such as sovereign bonds and corporate debt with the balance invested in money market instruments. the frequency of its trading strategy will very much depend on market opportunities. To achieve increased diversification. the fund may invest in foreign fixed income securities if the returns are assessed to be promising. then the fund stands to benefit from the resultant price appreciation. Bond fund Income Fixed income securities Annual income Conservative 3 years Lum Ming Jang and Zaharudin bin Ghazali Investor Profile • • • conservative risk-reward temperament seek stability of annual income with some safety of principal medium term investor Investment Policy P BOND is actively managed and invests in fixed income securities and money market instruments to meet its objective of providing annual income to unitholders. or if credit rating of the bond improves. Although the fund is actively managed. 97 . On the other hand. Fund Specific Benefits The fund allows the investor access to the bond market. Investments in redeemable loan stocks with convertible features to enhance the fund’s returns are included. which comprises mainly of corporate bonds. Investments in redeemable loan stocks with convertible features to enhance the fund’s returns are also considered. It is also able to provide the investor with greater liquidity than fixed deposits and at very low associated costs. The foreign markets which the fund may invest in include Singapore. fall. which is usually inaccessible to the average investor as it is a market for institutions where the minimum transaction block amounts to RM5 million. Its fixed income securities investments comprise government and government-sponsored bonds and private debt securities (listed or unlisted). the fund’s exposure to the potential risks and returns have to be managed actively to achieve the risk-reward tradeoff that is reasonable to the fund. Notwithstanding this. Japan. Hong Kong. United Kingdom and other approved markets.e. Nevertheless.

Moreover. To mitigate risks arising from factors which include foreign currency exposure and foreign interest rate movements. The rationale for this is that the fund is essentially managed in a fairly conservative manner with the primary aim of outperforming fixed deposit returns. Selected Performance Benchmark for P BOND The benchmark for P BOND is based on fixed deposits rates as opposed to a more conventional corporate bond index. the above investments are subject to limits and restrictions that are precisely spelt out in the sections titled “Authorised Investments” and “Investment Restrictions”. 98 . Furthermore. liquidity risks and regulatory risks incurred as a result of investing abroad. the general profile of the unitholders of the fund is such that their returns from the fund are more often than not compared against the returns from fixed deposits. foreign exchange risks. The fund will focus its overseas investments in markets where the prospects are promising and where political and regulatory risks are anticipated to be within acceptable levels. it is felt appropriate to benchmark the fund against an accumulation index based on the 12-month fixed deposits rates (FDR) quoted by Malayan Banking Berhad. the fund may employ hedging strategies to manage the risks posed to the fund. For the purpose of this fund therefore.DETAILED INFORMATION ON THE FUNDS (CONT’D) The fund’s investments in foreign markets will be monitored to ensure that the potential returns are commensurate with political risks.

DETAILED INFORMATION ON THE FUNDS (CONT’D) PUBLIC INSTITUTIONAL BOND FUND (PIN BOND) Fund Profile Category of Fund Type of Fund Security Selection Profile of Fund Distribution Policy Investor’s Risk Profile Suggested Minimum Investment Period Designated Fund Managers Fund Objective To provide annual income through investment in private debt securities. on a standalone basis or with a bank guarantee. or credit rating of the bond improves. To achieve increased diversification. Notwithstanding this. In doing so. fall. The fund essentially offers the investor the benefits of risk management. 99 . proper diversification and liquidity management. Investments in redeemable loan stocks with convertible features to enhance the fund’s opportunity for some measure of capital gains are included. the credit risks assumed are limited to the extent that 50% of the fund’s holding in fixed income securities must be invested in bonds of credit rating no lower than AA and the balance in bonds with minimum credit rating of A at the point of purchase. the fund will likely be exposed to the risks of adverse interest rate movements and credit rating downgrades. Investments in redeemable loan stocks with convertible features to enhance the fund’s opportunity for capital gains are also considered. Investment Strategy PIN BOND seeks to meet its objective of producing a steady and recurring annual income with some measure of long-term capital growth by investing in a portfolio of fixed income securities such as sovereign bonds and corporate debt with the balance invested in money market instruments.e. Although the fund is actively managed. The remainder of the fund’s holding in fixed income securities will be invested in bonds with minimum credit rating of A at the point of purchase. Its fixed income securities investments comprise government and government-sponsored bonds and private debt securities (listed or unlisted). Fund Specific Benefits The fund allows institutional investors the opportunity to invest in the bond market for returns that are potentially higher than fixed deposits. the exposure to the potential risks and returns need to be managed actively to achieve the risk-reward tradeoff that is reasonable to the fund. Note: Any material changes to the investment objective of the fund would require unitholders’ approval. as rated by RAM or its equivalent. On the other hand. the fund may invest in foreign fixed income securities if the returns are assessed to be promising. Bond fund Income Fixed income securities Annual income Conservative 3 years Zaharudin bin Ghazali and Haniza binti Yang Razali Investor Profile • • • conservative risk-reward temperament seek stability of annual income with some safety of principal medium term investor Investment Policy PIN BOND is actively managed and invests in fixed income securities and money market instruments to meet its objective of providing annual income to unitholders. then the fund stands to benefit from the resultant price appreciation. Fund Specific Risk Management The fund will seek to maximise its potential returns by investing in bonds that command higher yields than money market instruments. 50% of the fund’s holding in fixed income securities must be in bonds with credit rating no lower than AA. should interest rates turn favourable i. Nevertheless. The fund may also invest in futures and options contracts to hedge against interest rate risks. the frequency of its trading strategy will very much depend on market opportunities.

the fund may employ hedging strategies to manage the risks posed to the fund. Selected Performance Benchmark for PINBOND The benchmark chosen for PIN BOND will be the Corporate Bond Index – 1 Year And Above (CORP1V) developed and maintained by CIMB Berhad. the fund will be managed with the goal of outperforming this benchmark.DETAILED INFORMATION ON THE FUNDS (CONT’D) The fund’s investments in foreign markets (if any) will be monitored to ensure that the potential returns are commensurate with political risks. Furthermore. 100 . the above investments are subject to limits and restrictions that are precisely spelt out in the sections titled “Authorised Investments” and “Investment Restrictions”. The bond index tracks the aggregate performance of all domestic corporate debt with maturities of 1 year and above. The rationale of the selection of this index is that it essentially represents the broad bond market that the fund will be primarily invested in. foreign exchange risks. liquidity risks and regulatory risks incurred as a result of investing abroad. To mitigate risks arising from factors which include foreign currency exposure and foreign interest rate movements. Thus. to provide above average returns relative to the market. The fund will focus its overseas investments (if any) in markets where the prospects are promising and where political and regulatory risks are anticipated to be within acceptable levels.

101 . Investments in redeemable loan stocks with convertible features are also considered. Thailand.20% Annual income Conservative to moderate 3 years Zaharudin bin Ghazali and Chiang Kang Pey Investor Profile • • • conservative to moderate risk reward temperament seek stability of annual income and modest capital growth potential medium to long term investor Investment Policy PEBF is actively managed and invests primarily in fixed income securities and money market instruments to meet its objective of providing annual income to its unitholders. Investments in redeemable loan stocks with convertible features are also considered. the fund may invest in foreign fixed income securities if the returns are assessed to be promising. Indonesia. Taiwan. Investment Strategy PEBF aims to meet its objectives of producing a steady and recurring stream of income by committing a significant portion of between 70% to 85% of its NAV in fixed income securities. China. Note: Any material changes to the investment objective of the fund would require unitholders’ approval. the investments in fixed income securities may move below the above stated range depending on the Fund Manager’s assessment of the fixed income securities market. The fixed income securities investments of the fund comprise largely of private debt securities (listed or unlisted) and to a lesser extent government and governmentsponsored bonds. Hong Kong. The foreign markets which the fund may invest in include Singapore. Bond fund Income and capital growth Fixed income securities and equities 0% . From the top-down perspective. However. To achieve increased diversification. Philippines and other approved markets. The fund employs both the top-down and bottom-up approach to maximise its potential returns while at the same time strives to manage risks within reasonable limits. bonds and cash actively bearing in mind the riskreward profile of the respective asset class. South Korea. the fund manages its exposures to each of the three main asset classes of equities. the bond portfolio focuses primarily on private debt securities (listed or unlisted) and to a lesser extent government and government-sponsored bonds. To produce the desired level of returns. To that end. the frequency of its trading strategy will very much depend on market opportunities. in view of the increased volatility or risks associated with investments in equities. Japan. the fund’s investments in equities are capped at 20% of the NAV of the fund.DETAILED INFORMATION ON THE FUNDS (CONT’D) PUBLIC ENHANCED BOND FUND (PEBF) Fund Profile Category of Fund Type of Fund Security Selection Profile of Fund Equity Range of Fund Distribution Policy Investor’s Risk Profile Suggested Minimum Investment Period Designated Fund Managers Fund Objective Seeks to provide a combination of annual income and modest capital growth primarily through a portfolio allocation across quality bonds and equities. Although the fund is actively managed. The fund is allowed to participate in the equity markets with the aim of producing enhanced returns to supplement that of the bond portfolio.

In addition to that.DETAILED INFORMATION ON THE FUNDS (CONT’D) Since the fund is primarily a bond fund i. the fund’s portfolio as a whole. Conversely. In short. the fund has the added option of changing its duration profile as well as overall bond exposures to meet the challenges of changing interest rates trends. can be effectively managed through changing the duration or term structure of the portfolio. foreign exchange risks. the same stocks should benefit meaningfully from the general rise in the market. The fund may invest in collective investment schemes both in the domestic or selected global markets. Within the bond portfolio.e. the focus of the fund’s asset allocation strategies therefore lies chiefly with the bond portfolio. Therefore. The fund may look favourably towards investing in redeemable bonds that are also convertible into equities as they offer downside protection. The interest rate sensitivity of the bond portfolio and by extension. The fund will focus its overseas investments in markets where the prospects are promising and where political and regulatory risks are anticipated to be within acceptable levels.e. even if the equity market were to remain weak. the fund may adopt a conservative equity investment approach to generate additional returns to supplement that of its bond investments. the fund ensures that its bond portfolio is sufficiently diversified in its investment concentration. reasonable yields and upside participation in the equity position of the issuer. the equity investments adopted by the fund would generally include stocks with defensive profiles. under more promising equity market conditions. Given that the risk tolerance of the fund is lower than that of equity or even balanced equity funds. should the downside to the equity market appear limited. However. Fund Specific Benefits The fund provides the usual benefits of steady income stream and low price or volatility risks of a conventional bond fund. diversification and market timing strategies to manage the risks posed to the fund in its pursuit of investment returns. attractively priced initial public offerings are also viable investment options for the fund particularly in a robust and conducive equity market environment. a trend of declining interest rates). The fund’s bond exposures are managed according to the risk-reward characteristics of the bond asset class. the fund adopts asset allocation. the fund provides the investor with the additional benefit of participating in the upside potential of the equity market due to its equity exposure. should the equity market perform well as anticipated. Separately. the exposure to bonds is generally increased in view of its positive impact on bond prices. However. To mitigate credit and liquidity risks. the fund generates most of its returns from its investments in bonds. For example. In particular. As for its equity investments. the fund’s exposure to bonds is reduced when interest rates are anticipated to trend upwards. To mitigate risks arising from factors which include foreign currency exposure and foreign interest rate movements. these defensive stocks are likely to hold up relatively better than the market at large and in addition. The fund may also consider investments in unlisted equities with attractive potential returns. their dividends may help mitigate declining stock prices. Essentially. the equity upside is limited in size and scope given that the fund’s equity exposure is capped to a maximum of 20% of NAV. the fund may employ hedging strategies to manage the risks posed to the fund. The fund also places particular emphasis on the bottom-up approach of focusing on credit analysis to minimise such risks as well as to seek attractive and mis-priced bond issues. Nevertheless. The fund’s investments in foreign markets will be monitored to ensure that the potential returns are commensurate with political risks. The fund’s investments may also include listed warrants and options to enhance its returns. the fund may look towards investing in defensive low beta blue-chip stocks that are supported by high dividend yields. the fund may likely resort to having no equity exposures at all in the face of an anticipated decline in the equity market. particularly in companies that are expected to seek listing on the Bursa Securities or selected regional markets within a timeframe of two years. the fund adopts a more market timing and bottom-up approach to investing as the fund’s equity exposure is capped at a maximum of 20%. The balance of the fund’s assets will be invested in cash equivalents and money market instruments. The fund’s equity exposure can be invested in selected foreign markets if the returns are assessed to be promising. liquidity risks and regulatory risks incurred as a result of investing abroad. where interest rate trends are favourable (i. 102 . The fund may also employ hedging strategies to help mitigate anticipated losses to its bond and equity portfolios. which is defined by the inverse relationship between bond prices and interest rates. Fund Specific Risk Management As mentioned above. bond issues of longer duration are more sensitive to interest rate movements than bonds of shorter duration.

the general profile of the unitholders of the fund is such that their returns from the fund are more often than not compared against the returns from fixed deposits. Moreover. it is felt appropriate to benchmark the fund against an accumulation index based on the 12-month fixed deposits rates (FDR) quoted by Malayan Banking Berhad. the fund’s investments in these instruments will be assessed on an ongoing basis to ensure that their potential returns are commensurate with the additional risks incurred as a result of investing in these investments. the above investments are subject to limits and restrictions that are precisely spelt out in the sections titled “Authorised Investments” and “Investment Restrictions”. Furthermore. As such. The rationale for this is that the fund is essentially managed in a fairly conservative manner with the primary aim of outperforming fixed deposit returns. Selected Performance Benchmark for PEBF The benchmark for PEBF is based on fixed deposits rates as opposed to a more conventional corporate bond index. 103 . these investments can also increase the volatility of the fund’s returns. For the purpose of this fund therefore. The fund’s exposure to these instruments will also be managed accordingly to minimise these risks.DETAILED INFORMATION ON THE FUNDS (CONT’D) While investments in listed warrants and options can potentially enhance the fund’s returns.

The fund’s exposure to the potential risks and returns have to be managed actively to achieve the risk-reward tradeoff that is reasonable to the fund. or if credit rating of the bond improves. the above investments are subject to limits and restrictions that are precisely spelt out in the sections titled “Authorised Investments” and “Investment Restrictions”.DETAILED INFORMATION ON THE FUNDS (CONT’D) PUBLIC SELECT BOND FUND (PSBF) Fund Profile Category of Fund Type of Fund Security Selection Profile of Fund Distribution Policy Investor’s Risk Profile Suggested Minimum Investment Period Designated Fund Managers Fund Objective To provide annual income through investments in fixed income securities which have a remaining maturity of 7 years and below and money market instruments. the frequency of its trading strategy will very much depend on market opportunities. comprising sovereign and corporate bonds. should interest rates turn favourable i. Fund Specific Risk Management The fund will seek to invest in bonds that command higher yields than money market instruments. then the fund stands to benefit from the resultant price appreciation. The fund invests in a diversified portfolio of bonds. which comprise mainly of corporate bonds. Investment Strategy PSBF seeks to meet its objective of providing annual income by investing in a portfolio of fixed income securities which have remaining maturities of 7 years and below. Investments in redeemable loan stocks with convertible features to enhance the fund’s returns are also considered. which is usually inaccessible to the average investor as it is a market for institutions where the minimum transaction block amounts to RM5 million. Bond fund Income Fixed income securities Annual income Conservative 3 years Lum Ming Jang and Zaharudin bin Ghazali Investor Profile • • • conservative risk-reward temperament seek stability of annual income with some safety of principal medium term investor Investment Policy PSBF is actively managed and invests in fixed income securities which have a remaining maturity of 7 years and below. Furthermore. On the other hand. In doing so. to produce returns that are significantly better than fixed deposits. 104 .e. the fund will likely be exposed to the risks of adverse interest rate movements and credit rating downgrades. Fund Specific Benefits The fund allows the investor access to the bond market. Although the fund is actively managed. Note: Any material changes to the investment objective of the fund would require unitholders’ approval. fall. The balance of the fund’s assets will be invested in money market instruments. It is also able to provide the investor with greater liquidity than fixed deposits and at very low associated costs.

For the purpose of this fund therefore. Moreover. it is felt appropriate to benchmark the fund against an accumulation index based on the 12-month fixed deposits rates (FDR) quoted by Malayan Banking Berhad. 105 . the general profile of the unitholders of the fund is such that their returns from the fund are more often than not compared against the returns from fixed deposits.DETAILED INFORMATION ON THE FUNDS (CONT’D) Selected Performance Benchmark for PSBF The benchmark for PSBF is based on fixed deposits rates as opposed to a more conventional corporate bond index. The rationale for this is that the fund is essentially managed in a fairly conservative manner with the primary aim of outperforming fixed deposit returns.

DETAILED INFORMATION ON THE FUNDS (CONT’D) PUBLIC MONEY MARKET FUND (PMMF) Fund Profile Category of Fund Type of Fund Security Selection Profile of Fund Distribution Policy Investor’s Risk Profile Suggested Minimum Investment Period Designated Fund Managers Fund Objective To provide liquidity and current income. Fund Specific Risk Management At least 90% of the NAV of the fund must be invested in money market instruments and fixed income securities that mature within 365 days or 1 year. the investments of PMMF are largely confined to short-term money market instruments. Nevertheless the fund is permitted to invest in instruments with maturity periods exceeding 365 days but not longer than 732 days. deposit placements and short dated fixed income securities that are highly liquid. The money market instruments that the fund invests in include bankers’ acceptances and negotiable instruments of deposits (NIDs). These longer dated investments are subject to a cap of 10% of the NAV of the fund. Fund Specific Benefits PMMF provides a safe option for investors with low tolerance to risk who wish to park their monies on a short term basis before investing in or switching back to equity. which is equivalent to approximately 2 years. the frequency of its trading strategy will very much depend on market opportunities. Consequently. in order to protect the best interest of the fund. balanced or bond funds. These are typically deposits and securities that mature within 365 days or 1 year. Money market Income Debentures and money market instruments Annual income Conservative Short term Zaharudin bin Ghazali and Azahari bin Ariffin Investor Profile • • conservative risk-reward temperament short term investor Investment Policy PMMF is a money market fund that is actively managed to provide liquidity to meet the short-term cash flow requirements of its unitholders while providing a reasonable level of current income. the Manager has the discretion to take into consideration all relevant factors that affect the fair value of the investment via an internal credit assessment process before deciding on the manner and time frame of the liquidation. Note: Any material changes to the investment objective of the fund would require unitholders’ approval. Investment Strategy The investment focus of the fund is geared towards liquid short-term money market instruments and fixed income securities of high quality credit rating. while maintaining capital stability. The credit risks assumed are limited to the extent that any bonds invested in must have a minimum credit rating of BBB for long-term instruments and P1 for short-term instruments. An allowance of up to 10% of the NAV of the fund is given to the fund to invest in instruments with maturity periods exceeding 365 days but not longer than 732 days. the Manager will take the necessary steps to divest the asset at risk. 106 . In the event that the credit rating of a particular debt issue is downgraded below the stipulated minimum investment grade. However. Although the fund is actively managed. Its fixed income securities investments comprise government and government-sponsored bonds and short-dated private debt securities which include commercial papers. at the point of purchase.

107 . Essentially. which is published in the business sections of the daily newspapers. There are risks involved.DETAILED INFORMATION ON THE FUNDS (CONT’D) Furthermore. Selected Performance Benchmark for PMMF The benchmark for PMMF is based on the 3-month Kuala Lumpur Interbank Offered Rates (KLIBOR) provided by Bank Negara Malaysia. The KLIBOR is deemed as an appropriate basis for measuring the performance of the fund as its rates are generally closer to those attainable by the fund as compared to the fixed deposits rates quoted by the banks which are often available only to deposits amounting to less than RM1 million. the fund has been structured such that it is confined to instruments of short duration to maturity in order to minimise the impact of fluctuations in interest rates on the performance of the fund over the short term while the credit risks it may face are mitigated by strict limits on concentration of investments and due diligence in the credit assessments by ensuring high credit ratings as mentioned above. The return for any given period for this benchmark is derived by compounding the daily interest earned for KLIBOR deposits from one day to the next for each day spanning the entire period. the above investments are subject to limits and restrictions that are precisely spelt out in the sections titled “Authorised Investments” and “Investment Restrictions”. Investment in the fund is not the same as placements in a deposit with a financial institution. The 3-month period is suitable for benchmarking as the fund is likely to maintain a substantial portion of its investments in instruments that matures in the near term for liquidity requirements such that on a weighted average basis the fund as a whole may have a maturity profile of approximately 3 months. Commensurate to this requirement for high liquidity and low tolerance to credit risk. the overall risk profile of the fund is low. and investors should rely on their own evaluation to assess the merits and risks when investing in the fund.

the Fund Manager may adopt various investment strategies. PIX and PSSF may invest in the following investments: i. Unlisted securities whether or not approved for listing and quotation on Stock Exchanges. Participation in futures contracts and options may help to reduce the overall risk in the respective funds’ portfolio by providing a useful hedging tool against undue short-term volatilities. However. etc. Nevertheless. should the Fund Manager apply an unsuitable investment strategy in the funds’ listed warrants and options. The value of fixed income securities may also fluctuate based on changes in interest rates and in the credit quality of the issuer. to adjust the risk and return characteristics of the funds. the investment policy for each of the funds and the requirements of the SC and other regulatory body.4 AUTHORISED INVESTMENTS The Manager has absolute discretion. Listed Private Debt Securities. interest rate risk. The funds’ participation in futures contracts and options should also help reduce the overall risk in the fund’s portfolio by providing a useful hedging tool against short-term volatilities. The Fund Manager will take reasonable steps to ensure that the above potential risks are managed by adopting various investment strategies. should the Fund Manager judge market conditions incorrectly or apply an unsuitable investment strategy. Bond and Money Market Funds The profile of the bond portfolio in terms of credit risk. all investments carry an element of risk which may lead to capital losses arising from the volatilities of stock prices in response to the activities of individual companies. Nevertheless. Securities of Malaysian companies listed on Stock Exchange(s). Apart from the above investment risk. as in other investment activities. While investments in listed warrants and options can potentially enhance the funds’ returns. While the fund may be expected to produce positive total returns over the long term. and general market and economic conditions.3 INVESTMENT RISKS AND RISK MANAGEMENT Equity and Balanced Funds Notwithstanding the investment strategies of the funds. etc. the effectiveness of any attempt to hedge is subject to errors of judgement and execution that may adversely impact the performance of the funds. subject to the deeds. which are offered directly by the company to the funds. should the Fund Manager judge market conditions incorrectly or apply an unsuitable investment strategy. However. the performance of the fund(s) may be adversely affected. 3. is determined based on the Fund Managers’ assessment of the economic conditions. losses may be incurred in any particular year. as to how the assets of the funds are invested. such as varying the asset allocation. sell or trade are based on the decision of the Fund Managers who adopt an active fund management approach. the performance of the fund may be adversely affected. To meet the challenges and risks posed to the funds. the fund is not suitable for speculative investors seeking short term gains. 108 . Equity and Balanced Funds: All equity and balanced funds except for PRSF. the performance of the fund(s) may be adversely affected. unlisted loan stocks and corporate bonds traded in eligible/money markets. ii.DETAILED INFORMATION ON THE FUNDS (CONT’D) 3. Therefore. such as varying the asset allocation. iii. to adjust the risk and return characteristics of the funds. as in other investment activities. there are also other risks of investing in unit trusts which have been described under pages 35 to 36 of this Prospectus. these investments can also increase the volatility of the fund’s returns. iv. and liquidity risk. The asset allocation between the various investment assets referred to above and the decision to invest. and the allocation mix between money market instruments and private debt securities. the effectiveness of any attempt to hedge is subject to errors of judgement and execution that may adversely impact the performance of the funds. however. In addition. Securities listed on foreign stock exchanges.

PSBF The fund may invest in the following investments: i. Treasury Bills. PRSF. Bond Funds P BOND and PIN BOND The funds may invest in the following investments: i. Bank Negara Bills. and Any other form of investments as may be agreed upon by the Manager and Trustee from time to time. Listed Private Debt Securities. viii. iii. vi. v. Initial Public Offerings (IPOs) of companies seeking a listing on Bursa Securities. iv. Futures contracts and options traded in the futures and options market of an exchange specified under the CMSA 2007. iii.DETAILED INFORMATION ON THE FUNDS (CONT’D) v. 109 . Deposits and money market instruments with financial institutions. Government Investment Issues and other Government approved/guaranteed issues. ii. Fixed income securities listed on Stock Exchanges. Fixed income securities listed on Stock Exchanges. Malaysian Government Securities. Foreign fixed income securities. PIX and PSSF The funds may invest in the following investments: i. x. Malaysian Government Securities. Deposits and money market instruments with financial institutions. The funds may participate in lending of securities within the meaning of the Securities Commission Guidelines on Securities Borrowing and Lending when permitted by the SC and other relevant authorities. Unlisted fixed income securities. viii. Treasury Bills. Government Investment Issues and other Government approved/guaranteed securities. Units/shares of other collective investment schemes with similar objectives. Units/shares of other collective investment schemes with similar objectives. Bank Negara Bills. Malaysian Government Securities. Government Investment Issues and other Government approved/guaranteed issues. viii. Unlisted fixed income securities. iv. vi. Bank Negara Monetary Notes. Treasury Bills. Bank Negara Monetary Notes. vii. ii. ix. Bank Negara Bills. Bank Negara Monetary Notes. Securities of Malaysian companies listed on Stock Exchange(s). and Any other form of investments as may be agreed upon by the Manager and the Trustee from time to time. Bank Negara Monetary Notes. Deposits and money market instruments with financial institutions. vi. unlisted loan stocks and corporate bonds traded in eligible/money markets. Treasury Bills. Government Investment Issues and other Government approved/guaranteed securities. iii. and Any other form of investments as may be agreed upon by the Manager and Trustee from time to time. Units/shares of other collective investment schemes with similar objectives. v. Bank Negara Bills. vii. The funds may participate in lending of securities within the meaning of the Securities Commission Guidelines on Securities Borrowing and Lending when permitted by the SC and other relevant authorities. Futures contracts and options traded in the futures and options market of an exchange specifed under the CMSA 2007. ii. vii. Malaysian Government Securities.

DETAILED INFORMATION ON THE FUNDS (CONT’D) iv. Unlisted fixed income securities. v. Money Market Fund PMMF The fund may invest in the following investments: i. Securities of Malaysian companies listed on Stock Exchange(s). and Any other form of investments which are fixed income in nature. Treasury Bills. Deposits and money market instruments with financial institutions. Listed private debt securities. Government Investment Issues and other Government approved/guaranteed securities. Units/shares of other collective investment schemes with similar objectives. Fixed income securities listed on Stock Exchanges. unlisted loan stocks and corporate bonds traded in eligible/money markets. Any other form of investments as may be agreed upon by the Manager and the Trustee from time to time. ix. vi. Deposits and money market instruments with financial institutions. 110 . The fund may invest in the following investments: i. vi. ii. iv. which are offered directly by the company to the fund. iii. x. vii. v. Units/shares of other money market funds with similar objectives. Treasury Bills. Units/shares of other collective investment schemes with similar objectives. and Any other form of investments as may be agreed upon by the Manager and Trustee from time to time. v. Unlisted securities whether or not approved for listing and quotation on Stock Exchanges. PEBF Deposits and money market instruments with financial institutions. Bank Negara Monetary Notes. The fund may participate in lending of securities within the meaning of the Securities Commission Guidelines on Securities Borrowing and Lending when permitted by the SC and other relevant authorities. viii. ii. The value of each of the fund’s investments in transferable securities and money market instruments issued by any single issuer must not exceed 15% of the respective fund’s NAV. Government Investment Issues and other Government approved/guaranteed securities. Bank Negara Monetary Notes. Malaysian Government Securities. iv.5 INVESTMENT RESTRICTIONS The funds are subject to the following investment restrictions in the course of execution of their investment policies and strategies: Equity and Balanced Funds Investment Spread Limits (a) (b) The value of each of the fund’s investments in ordinary shares issued by any single issuer must not exceed 10% of the respective fund’s NAV. as may be agreed upon by the Manager and the Trustee from time to time. Futures contracts and options traded in the futures and options market of an exchange specified under the CMSA 2007. vi. Malaysian Government Securities. iii. Bank Negara Bills. 3. Bank Negara Bills. Securities listed on foreign stock exchanges.

debentures traded on an organised over-the-counter (OTC) market. The value of each of the fund’s investments in structured products issued by a single counter-party must not exceed 15% of the respective fund’s NAV. For investments in derivatives.DETAILED INFORMATION ON THE FUNDS (CONT’D) (c) (d) The value of each of the fund’s placement in deposits with any single institution must not exceed 20% of the respective fund’s NAV. Each of the fund’s investments in debentures must not exceed 20% of the debentures issued by any single issuer. The value of each of the fund’s investments in units/shares of any collective investment scheme must not exceed 20% of the respective fund’s NAV. This exposure limit does not apply to:i. ii. debentures and warrants. and structured products. deposits. Each of the fund’s investments in money market instruments must not exceed 10% of the instruments issued by any single issuer. However. and the value of each of the fund’s over-the-counter (OTC) derivative transaction with any single counter-party must not exceed 10% of the respective fund’s NAV. (d) Each of the fund’s investments in collective investment schemes must not exceed 25% of the units/shares in any one collective investment scheme. the single issuer limit and single group limit specified in clause (a) and (h) may be exceeded provided that the fund’s investment in any component securities does not exceed its respective weightings in the KLCI. however. and are offered directly to the fund by the issuer. (e) (f) (g) (h) Note: As PIX is targeted to track the KLCI. equities not listed or quoted on a stock exchange but have been approved by the relevant authority for such listing and quotation. The Manager should. The above limits and restrictions shall be complied with at all times based on the most up-to-date value of the respective funds. 111 . Investment Concentration Limits (a) (b) (c) Each of the fund’s investments in transferable securities (other than debentures) must not exceed 10% of the securities issued by any single issuer. General (a) The value of each fund’s investments in unlisted securities must not exceed 10% of the respective fund’s NAV. The value of each of the fund’s investments in transferable securities and money market instruments issued by any group of companies must not exceed 20% of the respective fund’s NAV. OTC derivatives and structured products issued by or placed with any single issuer/institution must not exceed 25% of the respective fund’s NAV. do not apply to securities that are issued or guaranteed by the Government or Bank Negara Malaysia. money market instruments. The aggregate value of each of the fund’s investments in transferable securities. Note: Transferable securities refer to equities. the exposure to the underlying assets must not exceed the investment spread limits stipulated in this section. within a reasonable period of not more than 3 months from the date of the breach. iii. Such limits and restrictions. Note: The limit in (c) does not apply to money market instruments that do not have pre-determined issue size. and the value of their investments and instruments. a 5 per cent allowance in excess of any limits or restrictions may be permitted where the limit or restriction is breached through the appreciation or depreciation in value of each fund’s investment or instruments. take all necessary steps and actions to rectify the breach. or as a result of repurchase of units or payment made from the fund.

Holdings in foreign investments of PRSEC shall not exceed 90% of its NAV. PIN BOND and PSBF Investment Spread Limits (a) The value of each of the fund’s investments in debentures issued by any single issuer must not exceed 20% of the respective fund’s NAV. The aggregate value of each of the fund’s investments in debentures. Note: The limit in (b) does not apply to money market instruments that do not have pre-determined issue size. PAGF. Holdings in foreign investments of PCSF. listed private debt securities. Based on internal limits set by the Manager. deposits. PIF. Holdings in foreign investments of PFEBF and PGBF shall not exceed 60% of the respective fund’s NAV. 112 . PFECTF. The value of each of the fund’s investments in units/shares of any collective investment scheme must not exceed 20% of the respective fund’s NAV. money market instruments. PEF. PFSF. (d) Bond Funds P BOND. This single issuer limit may be increased to 30% if the debentures are rated by any domestic or global rating agency to be of the best quality and offer highest safety for timely payment of interest and principal. The value of each of the fund’s placement in deposits with any single institution must not exceed 20% of the respective fund’s NAV.DETAILED INFORMATION ON THE FUNDS (CONT’D) (b) (c) For PBF. The value of each of the fund’s investments in structured products issued by a single counter-party must not exceed 15% of the respective fund’s NAV. PDSF and PSA30F shall not exceed 30% of the respective fund’s NAV. Each of the fund’s investments in money market instruments must not exceed 10% of the instruments issued by any single issuer. holdings in foreign investments of PSF. Holdings in foreign investments of PFEPRF shall not exceed 80% of its NAV. However this limit may be increased to 30% of the respective fund’s NAV if the single issuer limit is increased to 30% pursuant to item (a). PFEDF and PSEASF shall not exceed 70% of the respective fund’s NAV. OTC derivatives and structured products issued by or placed with any single issuer/institution must not exceed 25% of the respective fund’s NAV. PBF. PCTF and PFETIF shall not exceed 98% of the respective fund’s NAV. and the value of each of the fund’s over-the-counter (OTC) derivative transaction with any single counter-party must not exceed 10% of the respective fund’s NAV. the exposure to the underlying assets must not exceed the investment spread limits stipulated in this section. Each of the fund’s exposure from derivatives position must not exceed the NAV of the respective funds at all times. or rated ‘BBB’ by RAM and/or other recognised rating agencies. Holdings in foreign investments of PFES. For investments in derivatives. PGF. Each fund may invest abroad based on the limits imposed by Bank Negara Malaysia. (b) (c) (d) (e) (f) (g) Investment Concentration Limits (a) (b) Each of the fund’s investments in debentures must not exceed 20% of the debentures issued by any single issuer. (c) Each of the fund’s investments in collective investment schemes must not exceed 25% of the units/shares in any one collective investment scheme. The value of each of the fund’s investments in debentures issued by any group of companies must not exceed 30% of the respective fund’s NAV. unlisted loan stocks and corporate bonds invested by the fund must either be bank guaranteed. P SmallCap.

as rated by RAM or its equivalence. Such limits and restrictions. and structured products. (b) (c) (d) (e) (f) (g) (h) (i) 113 . a 5 per cent allowance in excess of any limits or restrictions may be permitted where the limit or restriction is breached through the appreciation or depreciation in value of the fund’s investment or instruments. Based on internal limits set by the Manager. or as a result of repurchase of units or payment made from the fund. P BOND and PIN BOND may invest abroad based on the limits imposed by Bank Negara Malaysia.DETAILED INFORMATION ON THE FUNDS (CONT’D) The limits and restrictions stated shall be complied with at all times based on the most up-to-date value of the fund. The aggregate value of the fund’s investments in transferable securities. money market instruments. Each of the fund’s exposure from derivatives position must not exceed the NAV of the respective funds at all times. within a reasonable period of not more than 3 months from the date of the breach. (c) (d) PEBF Investment Spread Limits (a) The value of the fund’s investments in debentures issued by any single issuer must not exceed 20% of the fund’s NAV. (b) debentures traded on an organised over-the-counter (OTC) market. For PIN BOND. do not apply to securities that are issued or guaranteed by the Government or Bank Negara Malaysia. 50% of the fund’s holding in fixed income securities must comprise of bonds with credit rating no lower than AA. General (a) The value of the each of the fund’s investments in unlisted securities must not exceed 10% of the respective funds’ NAV. and the value of its investments and instruments. The value of the fund’s investments in structured products issued by a single counter-party must not exceed 15% of the fund’s NAV. This exposure limit does not apply to:i. either on a standalone basis or with a bank guarantee. The value of the fund’s investments in transferable securities (other than debentures) and money market instruments issued by any group of companies must not exceed 20% of the fund’s NAV. deposits. For investments in derivatives. However. The value of the fund’s investments in units/shares of any collective investment scheme must not exceed 20% of the fund’s NAV. The remainder of the fund’s holding in fixed income securities must be invested in bonds with minimum credit rating of A at the point of purchase. however. ii. each of the fund’s holdings in foreign investments shall not exceed 30% of the respective fund’s NAV. The value of the fund’s placement in deposits with any single institution must not exceed 20% of the fund’s NAV. The value of the fund’s investments in ordinary shares issued by any single issuer must not exceed 10% of the fund’s NAV. This single issuer limit may be increased to 30% if the debentures are rated by any domestic or global rating agency to be of the best quality and offer highest safety for timely payment of interest and principal. the exposure to the underlying assets must not exceed the investment spread limits stipulated in this section. However this limit may be increased to 30% of the respective fund’s NAV if the single issuer limit is increased to 30% pursuant to item (a). OTC derivatives and structured products issued by or placed with any single issuer/institution must not exceed 25% of the fund’s NAV. The Manager should. The value of the fund’s investments in debentures issued by any group of companies must not exceed 30% of the fund’s NAV. and the value of the fund’s over-the-counter (OTC) derivative transaction with any single counter-party must not exceed 10% of the fund’s NAV. take all necessary steps and actions to rectify the breach.

or as a result of repurchase of units or payment made from the fund. (b) (c) equities not listed or quoted on a stock exchange but have been approved by the relevant authority for such listing and quotation. Money Market Fund Investment Spread Limits (a) The value of the fund’s investments in debentures and money market instruments issued by any single issuer must not exceed 20% of the fund’s NAV. Based on internal limits set by the Manager. This exposure limit does not apply to:i.DETAILED INFORMATION ON THE FUNDS (CONT’D) Investment Concentration Limits (a) (b) (c) The fund’s investments in debentures must not exceed 20% of the debentures issued by any single issuer. deposits and structured products issued by or placed with any single issuer/institution must not exceed 25% of the fund’s NAV. This single issuer limit may be increased to 30% if the debentures are rated by any domestic or global rating agency to be of the best quality and offer highest safety for timely payment of interest and principal. However. The fund’s investments in transferable securities (other than debentures) must not exceed 10% of the securities issued by any single issuer The fund’s investments in money market instruments must not exceed 10% of the instruments issued by any single issuer. within a reasonable period of not more than 3 months from the date of the breach. General (a) The value of the fund’s investments in unlisted securities must not exceed 10% of the fund’s NAV. (b) (c) (d) (e) 114 . iii. and are offered directly to the fund by the issuer. (d) The fund’s investments in collective investment schemes must not exceed 25% of the units/shares in any one collective investment scheme. the fund’s holdings in foreign investments shall not exceed 30% of its NAV. The value of the fund’s placement in deposits with any single financial institution must not exceed 20% of the fund’s NAV. The fund’s exposure from derivatives position must not exceed the NAV of the fund at all times. The fund may invest abroad based on the limits imposed by Bank Negara Malaysia. Such limits and restrictions. The Manager should. The value of the fund’s investments in debentures and money market instruments issued by any group of companies must not exceed 30% of the fund’s NAV. money market instruments. The limits and restrictions stated shall be complied with at all times based on the most up-to-date value of the fund. and the value of its investments and instruments. take all necessary steps and actions to rectify the breach. Note: The limit in (c) does not apply to money market instruments that do not have pre-determined issue size. ii. do not apply to securities that are issued or guaranteed by the Government or Bank Negara Malaysia. The value of the fund’s investments in structured products issued by a single counter-party must not exceed 10% of the fund’s NAV. a 5 per cent allowance in excess of any limits or restrictions may be permitted where the limit or restriction is breached through the appreciation or depreciation in value of the fund’s investment or instruments. and structured products. however. The aggregate value of the fund’s investments in debentures. debentures traded on an organised over-the-counter (OTC) market.

115 . a 5 per cent allowance in excess of any limits or restrictions may be permitted where the limit or restriction is breached through the appreciation or depreciation in value of the fund’s investment or instruments. and the value of its investments and instruments. The Manager should. Note: Permitted investments refer to debentures. Short term money market instruments are also marked to market daily with rates/yields obtainable from the Electronic Trading Platform (ETP) maintained by Bursa Malaysia Berhad. Cash/Fixed deposits . within a reasonable period of not more than 3 months from the date of the breach. or as a result of repurchase of units or payment made from the fund. verified by the Auditor and approved by the Trustee. do not apply to securities that are issued or guaranteed by the Government or Bank Negara Malaysia. Listed and Unlisted fixed income securities – for listed fixed income securities. warrants and options will be valued based on the last done market price of the respective exchanges. The fund’s investments in collective investment schemes must not exceed 25% of the units/shares in any collective investment scheme. If the Manager is of the view that the price quoted by the BPA for a specific bond differs from the ‘market price’ by more than 20 basis points. The fund may only invest in bonds with minimum credit rating of BBB for long-term instruments and P1 for short-term instruments at the point of purchase. Kuala Lumpur Inter-bank Offered Rate (KLIBOR).the value of such investments which are deposits placed with banks and other financial institutions and bank bills. benchmark Fixed Deposit rate and the average tender rates of new issues of money market instruments with comparable credit ratings and tenors. valuations are carried out on a daily basis using fair value prices quoted by a Bond Pricing Agency (BPA) registered with the SC. as rated by RAM or equivalent rating by other recognised rating agencies. In the case of unlisted fixed income securities. However. take all necessary steps and actions to rectify the breach.6 VALUATION OF AUTHORISED INVESTMENTS Listed equities. Foreign unlisted fixed income securities will be valued daily based on valuations obtained from at least three financial institutions. 3. shall be determined each day by reference to their nominal values and the accrued interest thereon for the relevant period. the Manager may use the ‘market price’ provided that the Manager adheres to the requirements stipulated by the SC. money market instruments and placements of deposits with financial institutions. however. Market price for bonds are derived from market quotations obtained from the panel of active financial institutions that are governed by the Banking and Financial Institutions Act (BAFIA). Unlisted equities . The value of the fund’s investments in permitted investments which have a remaining maturity period of more than 365 days but fewer than 732 days must not exceed 10% of the fund’s NAV. General (a) (b) (c) (d) The value of the fund’s investments in permitted investments must not be less than 90% of the fund’s NAV.valuation is based on methods deemed to be fair and reasonable that are acceptable to the Manager. Such limits and restrictions. The fund’s investments in money market instruments must not exceed 20% of the instruments issued by any single issuer. The limits and restrictions stated shall be complied with at all times based on the most up-to-date value of the fund.DETAILED INFORMATION ON THE FUNDS (CONT’D) Investment Concentration Limits (a) (b) (c) The fund’s investments in debentures must not exceed 20% of the securities issued by any single issuer. the last traded prices quoted on a recognised exchange will be used. The value of the fund’s investments in permitted investments which have a remaining maturity period of not more than 365 days must not be less than 90% of the fund’s NAV. warrants and options – listed equities.

All foreign securities and assets will be translated into Ringgit based on the bid exchange rate quoted by Bloomberg. 116 . the daily prices of the funds will not be published on the next Business Day but instead will be published the next following Business Day (i. although Bursa Securities is open for business. Futures – all futures contracts are marked-to-market at the end of each trading day. the funds are prohibited from gearing or borrowing cash or other assets (including the borrowing of securities) to finance the purchase of investments. Thus the newspaper publication date for the prices as at 8 September 2009 will be 10 September 2009. if some of the foreign markets in which the funds are invested therein are closed for business. 3.will be valued at their suspended price unless there is conclusive evidence to indicate that the value of such shares have gone below the suspended price. For funds with foreign investments. 9 September 2009. the valuation point may be after the close of Bursa Securities but not later than 9:00 a. (or any other such time as may be permitted by the relevant authorities from time to time) on the following day in which the Manager is open for business. whereupon their value will be ascertained in a manner as agreed upon by the Manager and Trustee.DETAILED INFORMATION ON THE FUNDS (CONT’D) Units in other collective investment schemes . be it when buying or redeeming units of the funds. Investors may obtain the latest prices of units of the funds by contacting the Manager directly. the securities will be valued based on methods deemed to be fair and reasonable as agreed upon by the Manager and Trustee.the last published net asset value per unit or (where considered appropriate by the Manager and Trustee. If no market price is available or valuation based on market price does not represent the fair value of foreign investments due to reasons which include abnormal events occurring after the close of the market on which the security is traded. the valuation of NAV of funds is conducted on each Business Day at the close of Bursa Securities. the valuation of funds will be conducted after the close of business of Bursa Securities for the relevant day as certain foreign markets in which the funds may invest in have yet to close due to the different time zones of these countries. Note: For funds with no foreign investments. Illustration: For the market close of 8 September 2009. the prices will be 2 days old).m.7 POLICY ON GEARING Save and except where permitted or approved by the SC.e. and verified by the Auditor) a price arrived at by aggregating the last published bid price and offered price and dividing the result by two. As a result of having a valuation point later than 5:00 p. Suspended securities . This is to ensure that investors will be given a fair valuation of the funds at all times. Any gains or losses are immediately reflected upon marking to market. the valuation date will be next day in which the Manager is open for trading.. The Manager may declare certain Business Days to be a non Business Day. that is. Thus.m.

What is investor’s risk profile? (i) (ii) (iii) (iv) Conservative indicates an investor’s risk disposition favouring safety of principal and stability of income but recognise that it is possible to incur losses by investing in the fund. on a best effort basis. What is “suggested minimum investment period”? Suggested minimum investment period is a guide only. and the demand for these stocks depends very much on current market focus or themes. Glossary of “STOCK TERMS” • • • • • • Blue chips stocks are proven staple stocks with solid earnings/dividends and reasonable growth prospects. Medium to long term refers to a period of 3 years or more. High growth stocks are companies with brighter earnings growth prospects than growth stocks. 117 . Annual income implies that the fund concerned will distribute income annually to unitholders.DETAILED INFORMATION ON THE FUNDS (CONT’D) A glance at the terms used in this Chapter What does distribution policy mean? (i) (ii) Incidental distribution implies that the main focus of the fund will be on securing capital growth. Moderate indicates an investor’s risk disposition favouring higher return and higher risk with the prospect of gains and losses involved. with a balanced risk profile which assume the prospect of gains and losses involved. Conservative-to-moderate indicates an investor’s risk disposition favouring a prudent mix of current income and capital growth. Recovering sectors are economic/business sectors that are seen to be recovering from a market downturn or economic recession. Glossary of “DURATION PERIODS” • • • • Short term refers to a period of less than 3 years. Aggressive indicates an investor’s risk disposition favouring high capital growth and its corresponding high risk. Situational stocks are companies with impending major corporate developments. Long term refers to a period of more than 5 years. Growth stocks are companies with good prospects for earnings growth in the future. Index stocks are index component stocks of a selected benchmark market index. Investors should review their investment in the fund on a regular basis to ensure it continues to meet their investment needs or goals. Medium term refers to a period of 3 to 5 years.

Performances of PFETIF. Page 119 Page 120 Page 121 Page 122 Page 123 Page 124 Page 125 Page 126 Page 127 Page 128 Page 129 Page 130 Page 131 Page 132 Page 133 Page 134 Page 135 Page 136 Page 137 Page 138 Page 139 Page 140 Page 141 Page 142 Page 143 Page 144 Page 145 118 . Past performance of the funds is not an indication of their future performance. Average annual returns of the funds are derived by dividing the total returns of the funds with the number of years under review.4 PERFORMANCE OF THE FUNDS This section covers the following funds that have been in operation for one (1) financial year or more: Public Savings Fund (PSF) Public Growth Fund (PGF) Public Index Fund (PIX) Public Industry Fund (PIF) Public Aggressive Growth Fund (PAGF) Public Regular Savings Fund (PRSF) Public SmallCap Fund (P SmallCap) Public Equity Fund (PEF) Public Focus Select Fund (PFSF) Public Dividend Select Fund (PDSF) Public Far-East Select Fund (PFES) Public Regional Sector Fund (PRSEC) Public Global Select Fund (PGSF) Public Far-East Dividend Fund (PFEDF) Public China Select Fund (PCSF) Public Far-East Property & Resorts Fund (PFEPRF) Public South-East Asia Select Fund (PSEASF) Public Sector Select Fund (PSSF) Public Far-East Consumer Themes Fund (PFECTF) Public Balanced Fund (PBF) Public Far-East Balanced Fund (PFEBF) Public Global Balanced Fund (PGBF) Public Bond Fund (P BOND) Public Institutional Bond Fund (PIN BOND) Public Enhanced Bond Fund (PEBF) Public Select Bond Fund (PSBF) Public Money Market Fund (PMMF) Notes: The total returns and average annual returns of the funds presented on pages 119 to 145 are calculated on NAVto-NAV basis. 31 May 2009 and 30 November 2009 respectively. PCTF and PSA30F will be having their first financial period ending on 30 April 2009. and are sourced from Lipper. Commencement date is the last day of the initial offer period. Please visit our website for the latest updates on fund performance.

50 6.25 2. Annual Total Return for the Financial Years Ended 31 December 1999 PSF (%) KLCI (%) 2000 2001 3.62 time in financial year 2007 due to higher level of rebalancing activities. the fund’s equity weighting was reduced to 72.53 The fund’s PTR increased from 0.33 1-Year Fund Performance Review The PSF outperformed the benchmark KLCI for the financial year ended 31 December 2008 with the fund registering a total return of -28.0% after distribution reinvestment) to weather the market’s consolidation phase.76 2. For the financial year ended 2008.4% (64.5% after distribution reinvestment) in financial year 2006 to 99.19 -16. the fund’s PTR dropped to 0.08 10-Year 12.PERFORMANCE OF THE FUNDS (CONT’D) PERFORMANCE OF PUBLIC SAVINGS FUND (PSF) Average Annual Returns for the following periods ended 31 December 2008 1-Year PSF (%) KLCI (%) -28.95 Since Commencement* 18.29 2005 3.65 22.67 -0.76 2008 7. The KLCI is the selected performance benchmark for this fund as it is a generally accepted barometer of the local stockmarket’s performance.59 -16.42 2002 2.32 31.33% over the same period.48 time in financial year 2006 to 0.71 * The figure shown is for the period since the fund’s commencement (27 April 1981).91 14.67 38. 6.50 5.53 time due to lower level of rebalancing activities performed by the fund.25 -0.23 4.4% (88.6% after distribution reinvestment) in financial year 2007 to capitalise on the bullish sentiment in the market.32% against the KLCI’s return of -39.77 -28.4% 6. Asset Allocation 2006 Equities & Derivatives Fixed Income Securities Money Market Instruments & Others 97.00 9.24 21.6% 2007 99.0% The fund’s equity weightings were increased from 97.0% 2008 72. Portfolio Turnover Ratio (PTR) 2006 PTR (time) 0.57 119 .6% 14.48 2007 0.84 2006 24.59 2.3% (89.4% 13.3% 4.32 -39.33 36.82 -39.15 2003 22.72 -7.83 2007 10. Distribution 2006 Gross Distribution Per Unit (sen) Net Distribution Per Unit (sen) Distribution is in the form of cash.84 2004 13.85 5-Year 8.6% -6.3% -1. For the financial year ended 2008.83 2007 2008 42.33 3-Year 7.62 2008 0.

75 9.PERFORMANCE OF THE FUNDS (CONT’D) PERFORMANCE OF PUBLIC GROWTH FUND (PGF) Average Annual Returns for the following periods ended 31 July 2008 1-Year PGF (%) KLCI (%) -7.7% 1.0% after distribution reinvestment).49 120 .16 2007 51.74 12.19 90.03 times for financial year 2007 and 1.57 2007 9.3% (82.03 2008 1.00 3. The KLCI is the selected performance benchmark for this fund as it is a generally accepted barometer of the local stockmarket’s performance. Asset Allocation 2006 Equities & Derivatives Fixed Income Securities Money Market Instruments & Others 96. Annual Total Return for the Financial Years Ended 31 July 1999 PGF (%) KLCI (%) 46.0% (89.6% after distribution reinvestment) respectively.27 The fund’s PTR increased from 0.48 12.1% -0.16 9. 4. Portfolio Turnover Ratio (PTR) 2006 PTR (time) 0. Distribution 2006 Gross Distribution Per Unit (sen) Net Distribution Per Unit (sen) Distribution is in the form of cash.40 2006 4.3% 2007 98.27 10-Year 19.00 5-Year 17.48 12.8% -7.88 3.83 * The figure shown is for the period since the fund’s commencement (9 January 1985).79 -15.90 -13.55 8.78 -0.3% 8.00 9.33% over the same period.71 18.50 2008 10.4% 2008 98.33 3-Year 15.85 2008 -7.75% against the KLCI’s return of -15.75 -15.53 time for financial year 2006 to 1.87 Since Commencement* 26.3% (86.1% The fund’s equity weighting for financial year 2006 and 2007 were 96.00 8.3% after distribution reinvestment) and 98.74 2005 11.53 2007 1. The corresponding equity weighting for financial year 2008 was 98.0% 2.43 2003 2.27 times for financial year 2008 on account of higher level of rebalancing activities to capitalise on higher liquidity and favourable trading environment in selected regional markets.3% 2.92 -17.33 15.16 -0.14 2004 14.45 46. The fund was positioned to capitalise on investment opportunities in the domestic and selected regional markets.33 1-Year Fund Performance Review The PGF outperformed the benchmark KLCI for the financial year ended 31 July 2008 with the fund generating a total return of -7.91 2000 2001 2002 12.

96 -1.88 2006 7.82 -36.50 6.29 30.95 Since Commencement* 16.36 1.73 -7.14 -36.07% against the KLCI’s return of -36.1% -14.46 121 .12 2008 2009 43.67 2008 20.07 -36.9% (87.08 19.29 2.60 10-Year 7.52 2004 20.62 The fund’s PTR remained at 0.42 2008 0. Annual Total Return for the Financial Years Ended 31 January 2000 PIX (%) KLCI (%) 2001 2002 3.2% 2009 95.00 4.07 17.9% 0.49 -0.08 5-Year 4.44 time due to lower level of rebalancing activities performed by the fund.78 23.91 * The figure shown is for the period since the fund’s commencement (31 March 1992).62 time in financial year 2008 due to ongoing rebalancing activities performed by the fund. For the financial year ended 2009.7% 2008 110.1% The fund’s equity weightings rose from 100.8% after distribution reinvestment) to weather the market’s consolidation phase.7% 0. Distribution 2007 Gross Distribution Per Unit (sen) Net Distribution Per Unit (sen) Distribution is in the form of cash. Asset Allocation 2007 Equities & Derivatives Fixed Income Securities Money Market Instruments & Others 100.70 -1.0% 4. the fund’s equity weighting was reduced to 95.00 19. the fund’s PTR dropped to 0.70 55.PERFORMANCE OF THE FUNDS (CONT’D) PERFORMANCE OF PUBLIC INDEX FUND (PIX) Average Annual Returns for the following periods ended 31 January 2009 1-Year PIX (%) KLCI (%) -36.22 2003 -1.19 2005 11. The KLCI is the selected performance benchmark for this fund as it is the generally accepted barometer of the local stockmarket’s performance.7% (94.0% after distribution reinvestment) in financial year 2007 to 110.25 2007 33.91 -21.36 -17. For the financial year ended 2009. 7.52 3-Year 0.1% 4. Portfolio Turnover Ratio (PTR) 2007 PTR (time) 0.52 1-Year Fund Performance Review The PIX outperformed the benchmark KLCI for the financial year ended 31 January 2009 with the fund registering a total return of -36.0% -0.0% after distribution reinvestment) in financial year 2008.31 2009 5.02 11.62 2009 0.1% (89.73 4.52% over the same period.

74 5.28 11.50 2008 7.00 9.89 time because of lower level of rebalancing activities performed by the fund.92 2003 25.07 -15.71 2007 10. The KLCI is the selected performance benchmark for this fund as it is a generally accepted barometer of the local stockmarket’s performance.5% (70.04 -38.5% 2008 82.3% after distribution reinvestment) in financial year 2007 to capitalise on the bullish sentiment in the market. Annual Total Return for the Financial Years Ended 31 October 1999 PIF (%) KLCI (%) 45.5% -4.0% 17.PERFORMANCE OF THE FUNDS (CONT’D) PERFORMANCE OF PUBLIC INDUSTRY FUND (PIF) Average Annual Returns for the following periods ended 31 October 2008 1-Year PIF (%) KLCI (%) -40. The increase in equity exposure was also partly due to the distribution declared for the financial year 2007.05 8.76 83.91% over the same period.9% after distribution reinvestment) to weather the market’s consolidation phase. Portfolio Turnover Ratio (PTR) 2006 PTR (time) 0. Distribution 2006 Gross Distribution Per Unit (sen) Net Distribution Per Unit (sen) Distribution is in the form of cash.89 2004 3.72 5-Year 5.69 2007 1. 5.76 2006 18.35 1.0% (91.39 2005 10.0% 1.2% 0.30 -1.11 times for the financial year ended 2007 due to higher level of rebalancing activities.69 -40.11 2008 0.39 -1.83 122 .51 9.5% The fund’s equity weighting was increased from 98.91 3-Year 4.51 2007 2008 -4.69 time in financial year 2006 to 1.0% 2.97 1.2% (92. For the financial year ended 2008. For the financial year ended 2008.91 5.29 Since Commencement* 5.8% 2007 102.3% after distribution reinvestment) in financial year 2006 to 102. the fund’s equity weighting was reduced to 82.11 -38.11% for the financial year ended 31 October 2008 in comparison to the benchmark KLCI’s return of -38.5% 0.50 6.50 23. Asset Allocation 2006 Equities & Derivatives Fixed Income Securities Money Market Instruments & Others 98.89 The fund’s PTR rose from 0.49 * The figure shown is for the period since the fund’s commencement (17 December 1993).00 3.14 10-Year 12.28 -20.24 59.91 1-Year Fund Performance Review The PIF registered a total return of -40.11 43. the fund’s PTR dropped to 0.28 2000 2001 2002 15.

03 -36. The fund’s equity exposure was increased to capitalise on investing opportunities in selected regional markets.39 34.30 -28.89 The fund’s PTR rose from 1. Distribution 2007 Gross Distribution Per Unit (sen) Net Distribution Per Unit (sen) Distribution is in the form of cash.78 * The figure shown is for the period since the fund’s commencement (24 May 1994).65 10-Year 10.8% The fund’s equity weight for financial year 2007 and 2008 was 95.46 -13.38 2006 12. Portfolio Turnover Ratio (PTR) 2007 PTR (time) 1.68 41.89 times due to lower level of rebalancing activities.48 2008 15.69 -30. The fund’s equity weight was reduced to 91.78 -33.69% against the KLCI’s return of -30.06 3-Year 3.06% over the same period.43 16.PERFORMANCE OF THE FUNDS (CONT’D) PERFORMANCE OF PUBLIC AGGRESSIVE GROWTH FUND (PAGF) Average Annual Returns for the following periods ended 31 March 2009 1-Year PAGF (%) KLCI (%) -28.92 9.28 6.55 22.69 0.93 -0.86 2005 -3.05 -30.43 times for financial year 2007 to 1.06 1-Year Fund Performance Review The PAGF outperformed the benchmark KLCI for the financial year ended 31 March 2009 with the fund registering a total return of -28.98 times for financial year 2008 due to higher level of rebalancing activities.4% after distribution reinvestment) at the end of financial year 2009 as the fund locked in profits and rebalanced accordingly.94 5-Year 3. Asset Allocation 2007 Equities & Derivatives Money Market Instruments & Others 95. The KLCI is the selected performance benchmark for this fund as it is a generally accepted barometer of the local stockmarket’s performance.2% (83.43 2008 1.4% (87.98 2009 0.4% 2009 91.2% 8. For the financial year 2009.00 14. Annual Total Return for the Financial Years Ended 31 March 2000 PAGF (%) KLCI (%) 2001 2002 2003 2004 45.93 93.36 -0.34 2007 42. 6.6% 4.4% -4.56 2008 2009 79.4% 2008 104.78 -15.48 2009 5.96 -3.00 5.66 -1.2% after distribution reinvestment) respectively.43 123 .35 Since Commencement* 4.6% (89.00 4.86 7.5% after distribution reinvestment) and 104. the fund’s PTR eased back to 0.

38 2006 11.78 -15.90 -1.00 5.79 -3.55 3.64 2009 0.53 2008 10.8% 0.12 2004 41.50 3.8% (81.50 time in financial year 2009 due to lower level of rebalancing activities.06 3-Year 1.50 The fund’s PTR decline from 0.94 41.57 93.34 2007 33.72 2008 0.92 1-Year Fund Performance Review The PRSF outperformed the benchmark KLCI for the financial year ended 31 March 2009 with the fund registering a total return of -23.60 2009 3. Annual Total Return for the Financial Years Ended 31 March 2000 PRSF (%) KLCI (%) 2001 2002 18.2% after distribution reinvestment) at the end of financial year 2009 to weather the market’s consolidation phase.56 2008 2009 57.58 -28.35 Since Commencement* 10. Portfolio Turnover Ratio (PTR) 2007 PTR (time) 0. The KLCI is the selected performance benchmark for this fund as it is a generally accepted barometer of the local stockmarket’s performance.06% over the same period.72 time for financial year 2007 to 0.24 -30.39 34.18 7.05 -30.0% 1.7% (80.20 -0.1% after distribution reinvestment) and 95. Distribution 2007 Gross Distribution Per Unit (sen) Net Distribution Per Unit (sen) Distribution is in the form of cash.55 2003 -8.24 -23.14 -0.0% (90.2% 8.78 -33.2% 2008 95.8% 0.6% after distribution reinvestment) respectively.06 16.24 0.0% 4.7% 5.94 5-Year 3.1% The fund’s equity weight for financial year 2007 and 2008 was 98. The fund’s equity weight was reduced to 86.24% against the KLCI’s return of -30.86 2005 -1.65 10-Year 10.78 * The figure shown is for the period since the fund’s commencement (24 May 1994).75 6.15 124 .64 time in financial year 2008 and 0.PERFORMANCE OF THE FUNDS (CONT’D) PERFORMANCE OF PUBLIC REGULAR SAVINGS FUND (PRSF) Average Annual Returns for the following periods ended 31 March 2009 1-Year PRSF (%) KLCI (%) -23.00 9. 6.2% 2009 86. Asset Allocation 2007 Equities & Derivatives Fixed Income Securities Money Market Instruments & Others 98.

21 times in financial year 2007 due to higher level of rebalancing activities.52 2003 13.75% over the same period.6% The fund’s equity weighting for financial year ended 2006 and 2007 were 94.0% 18. The FTSE Bursa Malaysia Small Cap Index is an index which comprises eligible companies within the top 98% of the Bursa Malaysia Main Board excluding constituents of the FTSE Bursa Malaysia 100 Index.34 2006 11.5% (73. Asset Allocation 2006 Equities & Derivatives Fixed Income Securities Money Market Instruments & Others 94. 5.1% 2007 81.21 Since Commencement* 20.49 2004 13.29 5-Year 19. For financial year ended 2008.00 8. the fund’s equity weightings was increased to 91.4% 0.00 7.45 2002 19.39 2005 3.3% -3. the fund’s benchmark was changed to FTSE Bursa Malaysia Small Cap Index which comprises eligible companies within the top 98% of the Bursa Malaysia Main Board excluding constituents of the FTSE Bursa Malaysia 100 Index.84 9. effective 30 April 2008.00 4.8% 8.13 -14.45 2007 1.56 125 .00 -13.13 32.22 6.75 * The figure shown is for the period since the fund’s commencement (3 July 2000).21 2008 0.2% after distribution reinvestment) respectively.13% versus the benchmark’s return of -14. 1-Year Fund Performance Review The P SmallCap outperformed the benchmark for the financial year ended 31 August 2008 with the fund registering a total return of -2.8% (87.4% (82.51 Annual Total Return for the Financial Years Ended 31 August 2001* P SmallCap (%) Benchmark Index (%) 0.48 time as lower level of rebalancing activities were required.88 2007 55.85 2007 9.2% after distribution reinvestment) and 81.42 4.2% after distribution reinvestment) to participate in investment opportunities in the domestic equity market.75 3-Year 23. For the financial year ended 2008. To better reflect the fund’s investment objective of investing in small sized companies.60 2008 -2.PERFORMANCE OF THE FUNDS (CONT’D) PERFORMANCE OF PUBLIC SMALLCAP FUND (P SmallCap) Average Annual Returns for the following periods ended 31 August 2008 1-Year P SmallCap (%) Benchmark Index (%) -2.75 2008 8.46 4. Portfolio Turnover Ratio (PTR) 2006 PTR (time) 0.5% 2008 91.0% 8. The KLCI is the chosen benchmark for the fund as it is widely accepted to be representative of Bursa Securities.74 4. the fund’s PTR subsequently dropped back down to 0.09 3.5% 0.45 time in financial year 2006 to 1. Distribution 2006 Gross Distribution Per Unit (sen) Net Distribution Per Unit (sen) Distribution is in the form of cash.15 11.96 -14.80 10.48 The fund’s PTR rose from 0. to which the fund is primarily focused on.

33 3.2% (88.00 5.09 2003 26.67 -1.4% -4.5% after distribution reinvestment) and 101.91% over the same period.26 8.10 The fund’s PTR rose from 0.51 2007 51. Asset Allocation 2006 Equities & Derivatives Fixed Income Securities Money Market Instruments & Others 96.35 2008 1.9% (89.2% The fund’s equity weighting for financial year ended 2006 and 2007 were 96.73 2007 6.0% 2007 101.14 Since Commencement* 9.76 2006 15.72 5-Year 3. The fund was essentially positioned to capitalise on bargain investing opportunities in selected regional markets and rebalanced accordingly. 3. 1-Year Fund Performance Review The PEF underperformed the benchmark KLCI for the financial year ended 31 October 2008 with the fund registering a total return of -41.9% -9. the fund’s PTR eased back to 1.8% 3.83 23.76 1. The corresponding equity weighting for financial year 2008 was 107.65 126 . For the financial year 2008.35 43.89 2004 5. The KLCI is the selected performance benchmark for this fund as it is a generally accepted barometer of the local stockmarket’s performance.4% after distribution reinvestment) respectively. Distribution 2006 Gross Distribution Per Unit (sen) Net Distribution Per Unit (sen) Distribution is in the form of cash.57 Annual Total Return for the Financial Years Ended 31 October 2002* PEF (%) KLCI (%) 10.10 times due to lower level of rebalancing activities. Portfolio Turnover Ratio (PTR) 2006 PTR (time) 0.51 5.9% after distribution reinvestment).53 -38.PERFORMANCE OF THE FUNDS (CONT’D) PERFORMANCE OF PUBLIC EQUITY FUND (PEF) Average Annual Returns for the following periods ended 31 October 2008 1-Year PEF (%) KLCI (%) -41.2% 0.69 -4.46 2007 1.00 2.35 times for financial year 2007 due to higher level of rebalancing activities.53 -38.84 2008 5.46 time for financial year 2006 to 1.04 2008 -41.3% 1.42 5.91 3-Year 0.3% 2008 107.3% (86.91 * The figure shown is for the period since the fund’s commencement (4 September 2001).39 2005 10.00 4.53% against the KLCI’s return of -38.9% 2.

86 2008 0. excluding the 30 members in the FTSE Bursa Malaysia 30 Index.0% -12.5% The fund’s equity weightings were increased from 97.05 127 .0% 2008 66.57% over the same period.0% 2007 112.39 The fund’s PTR increased from 0.50 7.43 2007 7.6% -4.5% (62. 2.50 2.56 -0. To better reflect the fund’s investment objective of investing in medium sized companies. 1-Year Fund Performance Review The PFSF outperformed the benchmark for the financial year ended 31 December 2008 with the fund registering a total return of -32. Asset Allocation 2006 Equities & Derivatives Fixed Income Securities Money Market Instruments & Others 97. Distribution 2006 Gross Distribution Per Unit (sen) Net Distribution Per Unit (sen) Distribution is in the form of cash.4% distribution reinvestment) to weather the market’s consolidation phase. effective 30 April 2008.25 1.60 time in financial year 2006 to 0.8% after distribution reinvestment) to 112.83 2007 29.82 2008 -32.64 -2.89% against the benchmark’s return of -42. The KLCI is the chosen benchmark for the fund as it is widely accepted to be representative of Bursa Securities.39 time due to lower level of rebalancing activities performed by the fund.62 31.29 2008 1. the fund’s PTR dropped to 0. For the financial year ended 2008.4% in financial year 2006 (89.0% 33.60 2007 0.5% 0.05 Annual Total Return for the Financial Years Ended 31 December 2005* PFSF (%) Benchmark Index (%) 4. the fund’s benchmark was changed to FTSE Bursa Malaysia Mid 70 Index which comprises of the remaining 70 companies in the FTSE Bursa Malaysia EMAS Index ranked by full market capitalisation.52 -2.59 Since Commencement* 4. Portfolio Turnover Ratio (PTR) 2006 PTR (time) 0.PERFORMANCE OF THE FUNDS (CONT’D) PERFORMANCE OF PUBLIC FOCUS SELECT FUND (PFSF) Average Annual Returns for the following periods ended 31 December 2008 1-Year PFSF (%) Benchmark Index (%) -32. to which the fund is primarily focused on. For the financial year ended 2008.89 -42.59 21.4% 6.57 * The figure shown is for the period since the fund’s commencement (15 December 2004).0% (87.89 -42.86 time in financial year 2007 due to higher level of rebalancing activities.57 3-Year 4.55 2006 30. the fund’s equity weighting was reduced to 66.1% after distribution reinvestment) in financial year 2007 to capitalise on the bullish sentiment in the market.0% 0.

Distribution 2006 Gross Distribution Per Unit (sen) Net Distribution Per Unit (sen) Distribution is in the form of cash.1% 9.75 -5. The KLCI is the selected performance benchmark for this fund as it is a generally accepted barometer of the local stockmarket’s performance.26% over the same period.9% 9.72 The fund’s PTR dropped from 0.09 Since Commencement* 19.03 4.3% after distribution reinvestment) to 96.63 2008 0. Portfolio Turnover Ratio (PTR) 2006 PTR (time) 0.91 16.5% The fund increased its equity weightings from 81.8% 2008 87.56 14.33 45.08 2007 42. For the financial year ended 2008.9% (78.75% for the financial year ended 31 May 2008 in comparison to the benchmark KLCI’s return of -5. For the financial year ended 2008.1% (89.25 5.03 128 .2% (83.50 2.2% 10.PERFORMANCE OF THE FUNDS (CONT’D) PERFORMANCE OF PUBLIC DIVIDEND SELECT FUND (PDSF) Average Annual Returns for the following periods ended 31 May 2008 1-Year PDSF (%) KLCI (%) 2. 1. the fund’s equity weighting was reduced to 87.1% 3.0% 2007 96.63 time in financial year 2007 due to lower level of rebalancing activities.72 time because of higher level of rebalancing activities performed by the fund.0% after distribution reinvestment) to weather the market’s consolidation phase. 1-Year Fund Performance Review The PDSF achieved a total return of 2.3% 2.15 2007 2.26 3-Year 19. Asset Allocation 2006 Equities & Derivatives Fixed Income Securities Money Market Instruments & Others 81.26 * The figure shown is for the period since the fund’s commencement (17 May 2005).3% after distribution reinvestment) in financial year 2007 to capitalise on the bullish sentiment in the market during the period.1% 0.49 2008 5.17 2008 2.25 1.20 Annual Total Return for the Financial Years Ended 31 May 2006* PDSF (%) KLCI (%) 9.75 -5.74 2007 0. the fund’s PTR rose to 0.74 time in financial year 2006 to 0.

6% after distribution reinvestment) respectively.39 * The figure shown is for the period since the fund’s commencement (12 December 2005).72 times for financial year 2008 on account of higher level of rebalancing activities to capitalise on higher liquidity and favourable trading environment in selected regional markets.98 2008 5. 1-Year Fund Performance Review The PFES outperformed the benchmark over the one year period ended 31 May 2008 with the fund achieving a total return of 16.7% 23. 2007 4. Asset Allocation 2006 Equities & Derivatives Money Market Instruments & Others 76.47 5.87 2.44 129 .87% versus the benchmark’s return of 2.52 2007 38.50 5.PERFORMANCE OF THE FUNDS (CONT’D) PERFORMANCE OF PUBLIC FAR-EAST SELECT FUND (PFES) Average Annual Returns for the following periods ended 31 May 2008 1-Year PFES (%) Benchmark Index (%) Annual Total Return for the Financial Years Ended 31 May 2006* PFES (%) Benchmark Index (%) 4. Distribution 2006 Gross Distribution Per Unit (sen) Net Distribution Per Unit (sen) Distribution is in the form of cash.0% 2008 92.9% after distribution reinvestment) as the fund locked in profits amidst elevated valuations in selected regional markets.7% The fund’s equity weighting for financial year 2006 and 2007 was 76.15 16.00 3.0% (93. The fund was positioned to capitalise on the robust sentiment in regional markets at the end of financial year 2007.0% -6.43% over the same period. The returns for the benchmark are accumulated daily with 70% of Ringgit based returns from the MSCI AC Far East Ex-Japan Index and 30% of returns from the KLCI.7% and 106.43 16.3% (87. The corresponding equity weighting at the end of financial year 2008 was 92.43 Since Commencement* 28. Portfolio Turnover Ratio (PTR) 2006 PTR (time) 1.91 2008 16.30 times for financial year 2006 to 1.30 2007 1.3% 2007 106.3% 7.87 2.59 times for financial year 2007 and 2.59 2008 2.74 29.72 The fund’s PTR increased from 1.

38 The fund’s equity weighting for financial year 2007 was 102. 1-Year Fund Performance Review The PRSEC outperformed the benchmark over the one year period ended 31 May 2008 with the fund achieving a total return of 11.49 2008 5.00 4.14 2008 2.39 5. The returns for the benchmark are accumulated daily with 90% of Ringgit based returns from the MSCI AC Far East Ex-Japan Index and 10% of returns from the 3-Month KLIBOR.1% (84.50 2. Asset Allocation 2007 Equities & Derivatives Money Market Instruments & Others 102.39% versus the benchmark’s return of 5.0% -2.9% 27. Distribution 2007 Gross Distribution Per Unit (sen) Net Distribution Per Unit (sen) Distribution is in the form of cash.41 11. The corresponding equity weighting for financial year 2008 was 89.5% after distribution reinvestment).39 5.94 2008 11.65 15.0% 2008 89.54 times for financial year 2008 on account of higher level of rebalancing activities to capitalise on higher liquidity and favourable trading environment in selected regional markets.41% over the same period. Portfolio Turnover Ratio (PTR) 2007 PTR (time) 2.54 The fund’s PTR increased from 2.1% 10.0% (93.5% after distribution reinvestment) as the fund locked in profits amidst elevated valuations in selected regional markets. 2.72 10.41 Since Commencement* 19.92 130 .14 times for financial year 2007 to 2.PERFORMANCE OF THE FUNDS (CONT’D) PERFORMANCE OF PUBLIC REGIONAL SECTOR FUND (PRSEC) Average Annual Returns for the following periods ended 31 May 2008 1-Year PRSEC (%) Benchmark Index (%) Annual Total Return for the Financial Years Ended 31 May 2007* PRSEC (%) Benchmark Index (%) * The figure shown is for the period since the fund’s commencement (10 April 2006).

48 The fund’s equity weightings was reduced from 93.11% for the financial period ended 31 May 2008 as compared to the benchmark’s return of -7.15 The fund recorded a PTR of 1.11 -7.15 times for both financial year 2007 and 2008 due to ongoing rebalancing activities performed by the fund.07 -11.0% 7.6% for the financial year ended 30 April 2008 to weather the consolidation phase in global equity markets.0% for the financial year ended 30 April 2007 to 88. Asset Allocation 2007 Equities & Derivatives Money Market Instruments & Others 93.79 -0.07% over the same period.76 2008 -11.11 -7.41 6. 1-Year Fund Performance Review The PGSF achieved a return of -11. Portfolio Turnover Ratio (PTR) 2007 PTR (time) 1.07 Since Commencement* -2.4% 7.PERFORMANCE OF THE FUNDS (CONT’D) PERFORMANCE OF PUBLIC GLOBAL SELECT FUND (PGSF) Average Annual Returns for the following periods ended 31 May 2008 1-Year PGSF (%) Benchmark Index (%) Annual Total Return for the Financial Years Ended 31 May 2007* PGSF (%) Benchmark Index (%) * The figure shown is for the period since the fund’s commencement (18 October 2006).6% 11. The returns for the benchmark are accumulated daily with 90% of Ringgit based returns from the MSCI AC World Index and 10% of return from the 1-Month KLIBOR.15 2008 1.0% 2008 88. Distribution 2007 Gross Distribution Per Unit (sen) Net Distribution Per Unit (sen) 2008 - 131 .

Portfolio Turnover Ratio (PTR) 2007 PTR (time) 1.9% 2008 82.29 132 .91 -39.86% for the financial year ended 30 November 2008 and outperformed the benchmark return of -48.86 -48.6% The fund’s equity weighting was reduced from 95.17 30. 1-Year Fund Performance Review The PFEDF registered a return of -39.9% 3.8% 12.77 2008 -39.86 -48.2% after distribution reinvestment) by the end of the financial year 2008 to weather the market’s consolidation phase.2% 0.04 * The figure shown is for the period since the fund’s commencement (18 December 2006).52 2008 0.35 0.6% 4. Distribution 2007 Gross Distribution Per Unit (sen) Net Distribution Per Unit (sen) Distribution is in the form of cash. The benchmark for PFEDF is a composite of 30% Kuala Lumpur Composite Index and 70% MSCI AC Far-East Ex-Japan Index.2% after distribution reinvestment) to 82.6% (81.91 2008 0.91 Since Commencement* -11. 2.PERFORMANCE OF THE FUNDS (CONT’D) PERFORMANCE OF PUBLIC FAR-EAST DIVIDEND FUND (PFEDF) Average Annual Returns for the following periods ended 30 November 2008 1-Year PFEDF (%) Benchmark Index (%) Annual Total Return for the Financial Years Ended 30 November 2007* PFEDF (%) Benchmark Index (%) 30.52 times in financial year 2007 to 0.2% (89.00 1.91% over the same period.15 -17.77 The fund’s PTR declined from 1. Asset Allocation 2007 Equities & Derivatives Fixed Income Securities Money Market Instruments & Others 95.77 time in financial year 2008 on account of lower level of rebalancing activities performed by the fund during the year.

PERFORMANCE OF THE FUNDS (CONT’D) PERFORMANCE OF PUBLIC CHINA SELECT FUND (PCSF) Average Annual Returns for the following periods ended 31 July 2008 1-Year PCSF (%) Benchmark Index (%) Annual Total Return for the Financial Year Ended 31 July 2008* PCSF (%) Benchmark Index (%) * The figure shown is for the period since the fund’s commencement (25 June 2007).07 -6. Distribution 2008 Gross Distribution Per Unit (sen) Net Distribution Per Unit (sen) - 133 . Portfolio Turnover Ratio (PTR) 2008 PTR (time) 1. The returns for the benchmark are accumulated daily with 40% of Ringgit based returns from the Hang Seng China Enterprises Index (HSCEI). There is no comparison figure for the previous year because the commencement date of the fund was 25 June 2007.39 times over the period under review.39 The fund recorded a PTR of 1.7% 0.72 -18.9% 14.72 -12.76 Since Commencement* -16. it built up its equity portfolio to capitalise on investment opportunities in the greater China markets. 30% of returns from the Hang Seng Index (HSI) and 30% of returns from the Taiwan (TAIEX) Index.76% over the same period. There is no comparison figure for the previous year because the commencement date of the fund was 25 June 2007. The fund ended the financial period with equity weightings of 84.11 Following the fund’s commencement on 25 June 2007.4% -18.7%.40 -6. 1-Year Fund Performance Review The PCSF registered a total return of -18. Asset Allocation 2008 Equities & Derivatives Fixed Income Securities Money Market Instruments & Others 84.72% for the year ended 31 July 2008 in comparison to the benchmark’s return of -12.

e. 20% Japan. is customised to the following weights i.3% 19. 20% Australia. Portfolio Turnover Ratio (PTR) 2008 PTR (time) 1. Philippines. the Dow Jones Asia Pacific Real Estate Sector IndexSM.7% -29. 20% Malaysia and the balance of 40% for the rest of the countries within the index universe currently including Hong Kong.04 -32. Taiwan.04% for the financial year ended 31 July 2008 in comparison to the benchmark’s return of -32.84 Since Commencement* -28. There is no comparison figure as the date of the fund’s commencement was 30 July 2007. the equity exposure of the fund was progressively increased to 80. Distribution 2008 Gross Distribution Per Unit (sen) Net Distribution Per Unit (sen) - 134 .PERFORMANCE OF THE FUNDS (CONT’D) PERFORMANCE OF PUBLIC FAR-EAST PROPERTY & RESORTS FUND (PFEPRF) Average Annual Returns for the following periods ended 31 July 2008 1-Year PFEPRF (%) Benchmark Index (%) Annual Total Return for the Financial Year Ended 31 July 2008* PFEPRF (%) Benchmark Index (%) * The figure shown is for the period since the fund’s commencement (30 July 2007). The benchmark for PFEPRF.28 times over the period under review.84% over the same period.3% by the end of the financial year ended 31 July 2008 to capitalise on investment opportunities in domestic and regional markets. Asset Allocation 2008 Equities & Derivatives Money Market Instruments & Others 80.06 -29. Indonesia.89 Following its launch.88 -31.04 -32.28 The fund recorded a PTR of 1. Singapore. Thailand and South Korea. New Zealand. There is no comparison figure as the date of the fund’s commencement was 30 July 2007. 1-Year Fund Performance Review The PFEPRF registered a total return of -29.

61 -43. Portfolio Turnover Ratio (PTR) 2008 PTR (time) 1.05% versus the benchmark’s return of -48. The returns for the benchmark are accumulated daily with 35% of Ringgit based returns from the Straits Times Index (STI).95 For the financial period ended 2008.40 The fund’s equity weighting for financial year ended 2008 was 87.15 Since Commencement* -41. There is no comparison figure for the previous year because the commencement date of the fund was 22 October 2007. There is no comparison figure for the previous year because the commencement date of the fund was 22 October 2007.05 -48. the fund’s PTR averaged 1. Distribution 2008 Gross Distribution Per Unit (sen) Net Distribution Per Unit (sen) - 135 .2% 3. Asset Allocation 2008 Equities & Derivatives Fixed Income Securities Money Market Instruments & Others 87.0% -42.15% over the same period.95 times. 1-Year Fund Performance Review The PSEASF outperformed the benchmark over the one year period ended 31 October 2008 with the fund generating a total return of -43.2%.8% 9. 15% of Ringgit based returns each from the Jakarta Composite Index (JCI) and the Stock Exchange of Thailand Index (SET) and 5% of Ringgit based returns from the Philippine Stock Exchange Index (PSEi).12 -45.00 -44. 30% of returns from the Kuala Lumpur Composite Index (KLCI).PERFORMANCE OF THE FUNDS (CONT’D) PERFORMANCE OF PUBLIC SOUTH-EAST ASIA SELECT FUND (PSEASF) Average Annual Returns for the following periods ended 31 October 2008 1-Year PSEASF (%) Benchmark Index (%) Annual Total Return for the Financial Year Ended 31 October 2008* PSEASF (%) Benchmark Index (%) * The figure shown is for the period since the fund’s commencement (22 October 2007).

64% against the KLCI’s return of -39. Portfolio Turnover Ratio (PTR) 2008 PTR (time) 1.9% 33.15 -36.64 -39.40 For the financial period ended 2008. Asset Allocation 2008 Equities & Derivatives Money Market Instruments & Others 66.15 Following its launch.64 -39.PERFORMANCE OF THE FUNDS (CONT’D) PERFORMANCE OF PUBLIC SECTOR SELECT FUND (PSSF) Total Return for the following period ended 31 October 2008 Since Commencement* PSSF (%) KLCI (%) Annual Total Return for the Financial Year Ended 31 October 2008* PSSF (%) KLCI (%) * The figure shown is for the period since the fund’s commencement (3 December 2007).40 times. There is no comparison figure as the commencement date of the fund was 3 December 2007. The KLCI is the selected performance benchmark for this fund as it is a generally accepted barometer of the local stockmarket’s performance. the fund’s equity weighting was increased to 66. the fund’s PTR averaged 1.1% -36.15% over the same period.9% for the financial period ended 2008. There is no comparison figure as the commencement date of the fund was 3 December 2007. Distribution 2008 Gross Distribution Per Unit (sen) Net Distribution Per Unit (sen) - 136 . Fund Performance Review The PSSF outperformed the benchmark KLCI for the financial period ended 31 October 2008 as the fund registered a total return of -36.

Thailand.13 -5.44% for the financial year ended 30 June 2008 in comparison to the benchmark’s return of -8.13% over the same period. The fund’s benchmark is a customised index based on selected sectors within the Dow Jones Asia Pacific IndexSM comprising Malaysia.PERFORMANCE OF THE FUNDS (CONT’D) PERFORMANCE OF PUBLIC FAR-EAST CONSUMER THEMES FUND (PFECTF) Total Return for the following period ended 30 June 2008 Since Commencement* PFETCF (%) Benchmark Index (%) Annual Total Return for the Financial Year Ended 30 June 2008* PFECTF (%) Benchmark Index (%) * The figure shown is for the period since the fund’s commencement (28 January 2008). The stock universe also includes China ‘H’ shares from the Dow Jones China Offshore IndexSM. Singapore. There is no comparison figure as the commencement date of the fund was 28 January 2008.44 -8.1% 32.44 .1% by the end of the financial year ended 30 June 2008 to capitalise on investment opportunities in domestic and regional markets.9% -5. Taiwan and South Korea. Distribution 2008 Gross Distribution Per Unit (sen) Net Distribution Per Unit (sen) - 137 . Hong Kong.8.62 time over the period under review.62 The fund recorded a PTR of 0. Philippines. Fund Performance Review The PFECTF registered a total return of -5. the equity exposure of the fund was progressively increased to 67. Indonesia. Asset Allocation 2008 Equities & Derivatives Money Market Instruments & Others 67. Portfolio Turnover Ratio (PTR) 2008 PTR (time) 0. There is no comparison figure as the commencement date of the fund was 28 January 2008.13 Following its launch.

Distribution 2006 Gross Distribution Per Unit (sen) Net Distribution Per Unit (sen) Distribution is in the form of cash. the fund’s PTR rose further to 0.44 2007 9.PERFORMANCE OF THE FUNDS (CONT’D) PERFORMANCE OF PUBLIC BALANCED FUND (PBF) Average Annual Returns for the following periods ended 31 May 2008 1-Year PBF (%) PBEIX (%) 4.8% 2008 61.3%.76 time because of higher rebalancing activities amidst higher volatility in the markets.31 time in financial year 2006 to 0. Thus. the fund’s equity weightings was reduced to 61.52 15.39 10.9% 13.54 18.3%.00 -1.59 2008 15.65 2008 0.00% versus the PBEIX’s return of -1. Asset Allocation 2006 Equities & Derivatives Fixed Income Securities Money Market Instruments & Others 57.95 2002 28. The fund’s equity weight exceeded 60% due to the distribution declared for the financial year 2008 which caused the fund’s equity weight to increase to 61.35 * The figure shown is for the period since the fund’s commencement (6 July 1995).3% The fund’s equity weightings increased from 57.70 29.33 2000 21.93 2006 11.35 3-Year 20. 4.00 -22. The increase in equity exposure was also partly due to the distribution declared for the financial year 2007 which caused the fund’s equity weight to increase to 64.0% -1.56 138 . The PBEIX is an index computed based on accumulated daily returns from the KLCI and 3-month KLIBOR rates in the ratio of 60:40.3% 40.35% over the same period.67 10-Year 17.3% (58.00 8.00 -1.25 13.7% after distribution reinvestment) to weather the market’s consolidation phase. it is the appropriate benchmark for balanced funds.18 4.60 5.55 2005 7.85 27.35 1-Year Fund Performance Review The PBF outperformed the benchmark Public Balanced Equity Index (PBEIX) over the financial year ended 31 May 2008 with the fund achieving a total return of 4.66 2003 -2. Annual Total Return for the Financial Years Ended 31 May 1999 PBF (%) PBEIX (%) 19.76 The fund’s PTR rose from 0. For the financial year 2008. For the financial year ended 2008.18 2008 4.00 3.65 time for the financial year ended 2007 due to higher level of rebalancing activities.3% 34.0% after distribution reinvestment) in financial year 2006 to 64.63 Since Commencement* 11.8% after distribution reinvestment) in financial year 2007 as the portfolio was rebalanced to capitalise on the market uptrend.9% 0.00 14.31 2007 0.4% 2007 64.99 5-Year 20. which have equity weightings capped at a maximum 60% of the fund’s NAV.31 2001 -25.3% (57.14 11.7% 28.36 4.43 2004 16.30 10.99 -4. Portfolio Turnover Ratio (PTR) 2006 PTR (time) 0.98 2007 38.7% (55.

68 139 .0% 7. There is no comparison figure as the commencement date of the fund was 12 February 2007. The increase in equity exposure was also partly due to the distribution declared for the financial year 2008.58 3.1% 4.75 1. Asset Allocation 2008 Equities & Derivatives Fixed Income Securities Money Market Instruments & Others 63.9% 29.60 9.PERFORMANCE OF THE FUNDS (CONT’D) PERFORMANCE OF PUBLIC FAR-EAST BALANCED FUND (PFEBF) Average Annual Returns for the following periods ended 30 April 2008 1-Year PFEBF (%) Benchmark Index (%) Annual Total Return for the Financial Year Ended 30 April 2008* PFEBF (%) Benchmark Index (%) * The figure shown is for the period since the fund’s commencement (12 February 2007).48% over the same period. Distribution 2008 Gross Distribution Per Unit (sen) Net Distribution Per Unit (sen) Distribution is in the form of cash.72% for the financial year ended 30 April 2008 in comparison to the benchmark’s return of 8. There is no comparison figure as the commencement date of the fund was 12 February 2007.5% after distribution reinvestment) by the end of the financial year ended 30 April 2008 to capitalise on the uptrend in domestic and regional markets.79 7. Portfolio Turnover Ratio (PTR) 2008 PTR (time) 1.72 8.48 Since Commencement* 3. 1-Year Fund Performance Review The PFEBF achieved a total return of 3.21 The fund recorded a PTR of 1. 1.89 The equity exposure of the fund was progressively increased to 63.21 times over the period under review. The returns for the benchmark are accumulated daily with 60% of Ringgit based returns from the MSCI AC Far East Ex-Japan Index and 40% of returns from the 3-Month Kuala Lumpur Interbank Offered Rates.9% (59.

PERFORMANCE OF THE FUNDS (CONT’D) PERFORMANCE OF PUBLIC GLOBAL BALANCED FUND (PGBF) Average Annual Returns for the following periods ended 30 April 2008 1-Year PGBF (%) Benchmark Index (%) Annual Total Return for the Financial Year Ended 30 April 2008* PGBF (%) Benchmark Index (%) * The figure shown is for the period since the fund’s commencement (12 February 2007).36 -4.62 -2.07 The fund recorded a PTR of 1. Asset Allocation 2008 Equities & Derivatives Fixed Income Securities Money Market Instruments & Others 58.91 Following the fund’s commencement on 12 February 2007. 1-Year Fund Performance Review The PGBF registered a return of -7.7% at the end of the review period to capitalise on investment opportunities in the global equity markets.31 -7.21 Since Commencement* -4.07 times over the period under review.36% for the financial period ended 30 April 2008 as compared to the benchmark’s return of -4. Portfolio Turnover Ratio (PTR) 2008 PTR (time) 1. There is no comparative figure for the previous period because the commencement date of the fund was 12 February 2007. There is no comparative figure for the previous period because the commencement date of the fund was 12 February 2007. The returns for the benchmark are accumulated daily with 60% of Ringgit based returns from the MSCI World Index and 40% of returns from the 3-Month KLIBOR.3% -5. the equity exposure of the fund was progressively increased to 58.0% 19.21% over the same period.63 -1. Distribution 2008 Gross Distribution Per Unit (sen) Net Distribution Per Unit (sen) - 140 .7% 22.

54 time in the financial year ended 31 July 2007 due to higher level of rebalancing activities.58 3.00 5.2% -4.2% The fund’s bond weighting declined from 101.75 3.50 2007 4.44 4. Asset Allocation 2006 Fixed Income Securities Money Market Instruments & Others 101.50 4.2% after distribution reinvestment) to 98.53 2007 0.85 3.96 5.50 4. The Benchmark 12MFD is computed based on daily returns from 12-month fixed deposit rates quoted by Malayan Banking Berhad.33 3.04 2003 9. 4.94 2004 2.33% for the financial year ended 31 July 2008 in comparison to the Benchmark 12-month fixed deposit rates (12-MFD) return of 3.84 Since Commencement* 12.PERFORMANCE OF THE FUNDS (CONT’D) PERFORMANCE OF PUBLIC BOND FUND (P BOND) Average Annual Returns for the following periods ended 31 July 2008 1-Year P BOND (%) 12-Month FD Returns (%) -1.69 2006 2. Annual Total Return for the Financial Years Ended 31 July 1999 P BOND (%) 12-Month FD Returns (%) 14.71 1-Year Fund Performance Review P BOND registered a return of -1.81 3.74 4.2% (98.50 2008 5.88 5-Year 4.7% after distribution reinvestment) in the financial year ended 31 July 2008 due to distribution declared for the financial year.55 4.9% (97.9% -1.33 3.46 3.71 3-Year 3.01 10-Year 10.16 * The figure shown is for the period since the fund’s commencement (10 July 1996).44 time due to lower level of rebalancing activities undertaken by the fund.90 3.43 3.7% 2008 104.51 2000 8.44 The fund’s PTR increased from 0.3% (94.9% 2007 98.98 2001 5.0% after distribution reinvestment) in the financial year ended 31 July 2007 as selected bonds in the fund’s bond portfolio matured. Portfolio Turnover Ratio (PTR) 2006 PTR (time) 0. P BOND’s performance was impacted by a weaker local bond market in June 2008 arising from heightened inflationary expectations.54 2008 0.70 2005 9. For the financial year ended 31 July 2008.71% over the same period.20 6.3% 1.77 2007 8.78 4.53 time to 0. Distribution 2006 Gross Distribution Per Unit (sen) Net Distribution Per Unit (sen) Distribution is in the form of cash.00 141 . The bond weighting however. increased to 104.76 2008 -1.24 2002 15. the fund’s PTR declined to 0.

34 6.23 2008 0.80 2.80 2008 2.71 2006 2.1% in the financial year ended 30 April 2008 due to purchases of bonds and distribution of income for the financial year ended 30 April 2008.9% The fund’s bond weighting declined from 97. 1-Year Fund Performance Review PINBOND registered a return of 2.PERFORMANCE OF THE FUNDS (CONT’D) PERFORMANCE OF PUBLIC INSTITUTIONAL BOND FUND (PIN BOND) Average Annual Returns for the following periods ended 30 April 2008 1-Year PIN BOND (%) CORP IV (%) 2.87 2005 4. the fund’s PTR declined to 0. 3. increased to 98.23 time in the financial year ended 30 April 2007 due to higher level of rebalancing activities.20 The fund’s PTR increased from 0.5% 2. For the financial year ended 30 April 2008.2% in the financial year ended 30 April 2007 as selected bonds in the fund’s bond portfolio matured.93 2.85 142 .60 5.5% to 93.1% 1.70 2007 2. Asset Allocation 2006 Fixed Income Securities Money Market Instruments & Others 97.19 2007 0.85 2.93% for the financial year ended 30 April 2008 in comparison to the Benchmark CORPIV Index’s return of 2.76% over the same period.93 2.83 -5.2% 6.56 5.76 3-Year 3.45 2007 4.5% 2007 93.82 5-Year 3.71 6.13 10.19 time to 0. Distribution 2006 Gross Distribution Per Unit (sen) Net Distribution Per Unit (sen) Distribution is in the form of cash. The Benchmark CORPIV Index is essentially a bond index developed by CIMB Berhad to track the changes in values of a basket comprising of all corporate bonds with maturities of 1 year and above. Portfolio Turnover Ratio (PTR) 2006 PTR (time) 0.20 time due to lower level of rebalancing activities undertaken by the fund.70 3. The bond weighting however.13 2008 2.8% 2008 98.16 Annual Total Return for the Financial Years Ended 30 April 2004* PIN BOND (%) CORP IV (%) 2.44 Since Commencement* 3.76 * The figure shown is for the period since the fund’s commencement (20 May 2003).09 10.

00 4.75 3.3% (14.41 The fund’s PTR declined from 0.PERFORMANCE OF THE FUNDS (CONT’D) PERFORMANCE OF PUBLIC ENHANCED BOND FUND (PEBF) Average Annual Returns for the following periods ended 31 January 2009 1-Year PEBF (%) 12-Month FD Returns (%) -5.67 3-Year 4. Portfolio Turnover Ratio (PTR) 2007 PTR (time) 0.00 1. Distribution 2007 Gross Distribution Per Unit (sen) Net Distribution Per Unit (sen) Distribution is in the form of cash.1% 4. the fund’s equity weighting was reduced to 14.6% 83.7% after distribution reinvestment) in financial year 2007 to 83.9% after distribution reinvestment) in financial year 2007 to 20.99 3. 1-Year Fund Performance Review The PEBF registered a total return of -5.6% The fund’s equity weightings were increased from 19.70 2009 -5.98 2008 7.1% (79.25 7.0% after distribution reinvestment) to weather the market’s consolidation phase.71 2009 0.02 3.62 3.67% over the same period.3% 81.71 time in 2008 and 0.62 3.2% after distribution reinvestment) in financial year 2008 to capitalise on the bullish sentiment in the equity market. Asset Allocation 2007 Equities and Derivatives Fixed Income Securities Money Market Instruments & Others 19.10 2009 2.86 time in financial year 2007 to 0.62% for the financial year ended 31 January 2009 in comparison to the benchmark 12-Month Fixed Deposit Returns (FDR) Index’s return of 3.7% 74.2% 2008 20.93 Annual Total Return for the Financial Years Ended 31 January 2006* PEBF (%) 12-Month FD Returns (%) 7.88 Since Commencement* 5.29 3. The fund’s fixed income securities weighting was increased from 74.84 2008 7.7% (18.0% -3.1% 6.86 2008 0. 5.6% after distribution reinvestment) in financial year 2008 and remained high at 81. The benchmark FDR Index is computed based on daily returns from 12-month fixed deposit rates of Malayan Banking Berhad.21 3.82 143 .67 * The figure shown is for the period since the fund’s commencement (2 February 2005).41 time in 2009 because of lower level of rebalancing activities.1% (70.6% 2009 14. For the financial year ended 2009.6% after distribution reinvestment) for the financial year ended 2009.6% (19.64 2007 10.0% (77.

The increase in the fund’s bond exposure was due to purchases of bonds and also partly due to the distribution of income for the financial year ended 31 May 2008.00 144 .72 2007 6.40 times to 1.7% 39.95 3.7% (58.83 The fund’s PTR declined from 1.89 3.79 2008 2.4% -1. PSBF’s performance was impacted by lackluster sentiment in the local bond market as a result of weakness in the global financial markets and rising inflationary pressures. Distribution 2006 Gross Distribution Per Unit (sen) Net Distribution Per Unit (sen) Distribution is in the form of cash.83 time for the financial year ended 31 May 2008 due to lower level of rebalancing activities undertaken by the fund. The Benchmark 12-MFD is computed based on daily returns from 12-month fixed deposit rates quoted by Malayan Banking Berhad.70 2.1% 2007 60. 1-Year Fund Performance Review PSBF registered a return of 2.28 1.4% after distribution reinvestment) in the financial year ended 31 May 2008.4% (97.89% for the financial year ended 31 May 2008 in comparison to the Benchmark 12-month fixed deposit rates (12-MFD) return of 3.70 Since Commencement* 4.PERFORMANCE OF THE FUNDS (CONT’D) PERFORMANCE OF PUBLIC SELECT BOND FUND (PSBF) Average Annual Returns for the following periods ended 31 May 2008 1-Year PSBF (%) 12-Month FD Returns (%) Annual Total Return for the Financial Years Ended 31 May 2006* PSBF (%) 12-Month FD Returns (%) 1.84 * The figure shown is for the period since the fund’s commencement (12 December 2005).4% The fund’s bond exposure was gradually increased from 51.23 2008 0.00 4.50 2008 4.2% after distribution reinvestment) in the financial year ended 31 May 2007 and further to 101.40 2007 1. Asset Allocation 2006 Fixed Income Securities Money Market Instruments & Others 51.70% over the same period.23 times in the financial year ended 31 May 2007 and to 0. Portfolio Turnover Ratio (PTR) 2006 PTR (time) 1.3% 2008 101.89 3.64 3.9% to 60.9% 48.50 4. 2007 4.

0% 100.13 3.78 5-Year 3.77 2009 1. 4.58 3-Year 3. The fund’s performance was lower compared to the benchmark as the fund mainly invested in money market instruments that have a shorter weighted average maturity period of 1 month to meet liquidity requirements.0% 2008 0.94 The fund’s PTR increased from 1.62 2009 3.20 2008 1.58 Annual Total Return for the Financial Years Ended 31 January 2005* PMMF (%) 3-Month KLIBOR (%) 3.PERFORMANCE OF THE FUNDS (CONT’D) PERFORMANCE OF PUBLIC MONEY MARKET FUND (PMMF) Average Annual Returns for the following periods ended 31 January 2009 1-Year PMMF (%) 3-Month KLIBOR (%) 3.8% 97.00 145 .00 3.0% 2009 2.75 2008 3.94 time in the financial year ended 31 January 2009 as fresh inflow of funds led to higher volume of transactions over the financial years.77 time in the financial year ended 31 January 2008 and further to 1.14 3.2% in the financial year ended 31 January 2009 as the fund invested in selected commercial papers to enhance its returns.2% The fund’s money market instruments weighting was 100. Distribution 2007 Gross Distribution Per Unit (sen) Net Distribution Per Unit (sen) Distribution is in the form of cash.26 3.38 3.40 3.58%.32 2006 3.58 Since Commencement* 3.00 2008 3. Asset Allocation 2007 Fixed Income Securities Money Market Instruments & Others 0.0% in the financial years ended 31 January 2007 and 2008. 1-Year Fund Performance Review During the financial year ended 31 January 2009.14 3.00 2009 3.58 * The figure shown is for the period since the fund’s commencement (16 December 2003). The money market instruments weighting was reduced to 97.0% 100.00 2.21 3.00 4. PMMF registered a return of 3.89 2007 3. Portfolio Turnover Ratio (PTR) 2007 PTR (time) 1.20 time to 1.14% against the Benchmark 3month Kuala Lumpur Interbank Offered Rate (KLIBOR) which registered a return of 3.77 3.00 3.

The fund’s annual report is available upon request.5 HISTORICAL FINANCIAL HIGHLIGHTS OF THE FUNDS 5. The audited financial statements of the funds are disclosed in the respective fund’s annual report.1 EXTRACTS OF FINANCIAL STATEMENTS OF THE FUNDS This section covers the extracts of the following funds’ audited Statement of Income and Expenditure and Statement of Assets and Liabilities for the past three (3) financial years preceding the date of this prospectus: Public Savings Fund (PSF) Public Growth Fund (PGF) Public Index Fund (PIX) Public Industry Fund (PIF) Public Aggressive Growth Fund (PAGF) Public Regular Savings Fund (PRSF) Public SmallCap Fund (P SmallCap) Public Equity Fund (PEF) Public Focus Select Fund (PFSF) Public Dividend Select Fund (PDSF) Public Far-East Select Fund (PFES) Public Regional Sector Fund (PRSEC) Public Global Select Fund (PGSF) Public Far-East Dividend Fund (PFEDF) Public China Select Fund (PCSF) Public Far-East Property & Resorts Fund (PFEPRF) Public South-East Asia Select Fund (PSEASF) Public Sector Select Fund (PSSF) Public Far-East Consumer Themes Fund (PFECTF) Public Balanced Fund (PBF) Public Far-East Balanced Fund (PFEBF) Public Global Balanced Fund (PGBF) Public Bond Fund (P BOND) Public Institutional Bond Fund (PIN BOND) Public Enhanced Bond Fund (PEBF) Public Select Bond Fund (PSBF) Public Money Market Fund (PMMF) Note: There are no extracts of Statement of Income and Expenditure and Statement of Assets and Liabilities for the following funds as their first financial year/period end is as tabled below: Fund Name PFETIF PCTF PSA30F Financial Year/Period-Ended 30 April 2009 31 May 2009 30 November 2009 Page 147 Page 147 Page 148 Page 148 Page 149 Page 149 Page 150 Page 150 Page 151 Page 151 Page 152 Page 152 Page 153 Page 153 Page 154 Page 154 Page 155 Page 155 Page 156 Page 156 Page 157 Page 157 Page 158 Page 158 Page 159 Page 159 Page 160 Past performance of the funds is not an indication of their future performance. 146 .

992) 148.672 162.258 2007 RM’000 566.314 11.165) 332.149 142.067 (14.135 375.867 147 .531) 550.HISTORICAL FINANCIAL HIGHLIGHTS OF THE FUNDS (CONT’D) PUBLIC SAVINGS FUND (PSF) Extract of Statement of Income and Expenditure for the financial years ended 31 December 2008 RM’000 Investment income Total expenses Net Investment Income Net Income Before Taxation Net Income After Taxation Extract of Statement of Assets and Liabilities as at 31 December 2008 RM’000 Total investments Total other assets Total Assets Total Liabilities Net Asset Value/Unitholders’ Capital 359.829 2007 RM’000 260.040 (113.986 635.957 231.591 89.883) 799.475) 584.398 2006 RM’000 849.757 845.286 58.109) 89.602 (51.141 (11.321) (100.458 10. 649.743 236.744) 514.969 63.891 14.838 744.980 (9.293) 246.308) 163.769 92.159 2007 RM’000 768.288 16.587 137.127 96.652 78.415) 80.423 (43.036 (13.635 2006 RM’000 628.808 2006 RM’000 78.616 6.161 2007 RM’000 172.410 160.740 157.379 (62.957 PUBLIC GROWTH FUND (PGF) Extract of Statement of Income and Expenditure for the financial years ended 31 July 2008 RM’000 Investment income Total expenses Net Investment Income Net Income Before Taxation Net Income After Taxation Extract of Statement of Assets and Liabilities as at 31 July 2008 RM’000 Total investments Total other assets Total Assets Total Liabilities Net Asset Value/Unitholders’ Capital Note: Unitholder’s Capital refers to the NAV attributable to unitholders.979 861.075 2006 RM’000 95.878 (7.293 (61.018 72.268 664.098) 67.921 577.067 (10.641 76.

401 130.789 4.800 480.590 2006 RM’000 215.283 126.191) 5.832 2.772 2007 RM’000 71.340 259.166 2006 RM’000 20.040 (3.606 844 216.164 2008 RM’000 140.008 63.035) 231.309 131.510 585.371 (9.445 2007 RM’000 77.766) 68.569 13.471) 17.222) 5.501 63.871 2007 RM’000 582.941) 429.923) 67.449 (40.930 PUBLIC INDUSTRY FUND (PIF) Extract of Statement of Income and Expenditure for the financial years ended 31 October 2008 RM’000 Investment income Total expenses Net Investment Income Net Income Before Taxation Net Income After Taxation Extract of Statement of Assets and Liabilities as at 31 October 2008 RM’000 Total investments Total other assets Total Assets Total Liabilities Net Asset Value/Unitholders’ Capital 123.507 (3.036 16.207 2008 RM’000 594.082 598.145 64.407) (117.068 (3.252 5.773) 540.923 (18.849 7.450 (18.474 (8.877 67.625 (28.HISTORICAL FINANCIAL HIGHLIGHTS OF THE FUNDS (CONT’D) PUBLIC INDEX FUND (PIX) Extract of Statement of Income and Expenditure for the financial years ended 31 January 2009 RM’000 Investment income Total expenses Net Investment Income Net Income Before Taxation Net Income After Taxation Extract of Statement of Assets and Liabilities as at 31 January 2009 RM’000 Total investments Total other assets Total Assets Total Liabilities Net Asset Value/Unitholders’ Capital 467.660 148 .643 (8.342 (44.522 7.520) 197.285 4.253 14.560 2.647 470.807 6.930 9.062) 131.988 2007 RM’000 255.252 1.935) 111.

337) (136.740) 2008 RM’000 117.582 (14.765 18.405) 183.829 777.867 4.918 32.839) 4.521 138.706 (13.246 (75.611 (13.018 9.474 400.181 914.149 17.430 (12.142) 159.467 105.127 8.468 (6.483 PUBLIC REGULAR SAVINGS FUND (PRSF) Extract of Statement of Income and Expenditure for the financial years ended 31 March 2009 RM’000 Investment income Total expenses Net Investment Income Net Income Before Taxation Net (Loss)/Income After Taxation Extract of Statement of Assets and Liabilities as at 31 March 2009 RM’000 Total investments Total other assets Total Assets Total Liabilities Net Asset Value/Unitholders’ Capital 850.867 (2.916 307.406) 250.141 85.142) 363.342) 2008 RM’000 160.240) 89.792 87.458 146.166 2008 RM’000 881.097 870.098 7.469 152.926 (81.039 858.481) 794.819 2008 RM’000 290.184 2007 RM’000 393.138) (12.HISTORICAL FINANCIAL HIGHLIGHTS OF THE FUNDS (CONT’D) PUBLIC AGGRESSIVE GROWTH FUND (PAGF) Extract of Statement of Income and Expenditure for the financial years ended 31 March 2009 RM’000 Investment (loss)/income Total expenses Net Investment (Loss)/Income Net (Loss)/Income Before Taxation Net (Loss)/Income After Taxation Extract of Statement of Assets and Liabilities as at 31 March 2009 RM’000 Total investments Total other assets Total Assets Total Liabilities Net Asset Value/Unitholders’ Capital 193.548) 776.449 2007 RM’000 95.932) (16.382) 111.158) (11.590 (57.772) 145.551 149 .099 2007 RM’000 853.224 (18.810 145.086 107.032 (5.572 (37.226) (3.206 202.674 16.741 2007 RM’000 172.

905 68.204 22.877 334.057 723.663 2006 RM’000 73.249) 255.392 1.474 237.849 16.324 37.817 (10.236) 629.910 243.207 (4.327) 37.666 (4.828 59.326 61.164 (93.748 (11.631 2007 RM’000 260.300) 23.095 238.402) 60.592 (34.691 24.107 39.191) 70.475 69.422) 62.715 9.390 2006 RM’000 257.681 321.530 (66.008 65.017 45.219 11.385 2006 RM’000 27.724) 654.HISTORICAL FINANCIAL HIGHLIGHTS OF THE FUNDS (CONT’D) PUBLIC SMALLCAP FUND (P SmallCap) Extract of Statement of Income and Expenditure for the financial years ended 31 August 2008 RM’000 Investment income Total expenses Net Investment Income Net Income Before Taxation Net Income After Taxation Extract of Statement of Assets and Liabilities as at 31 August 2008 RM’000 Total investments Total other assets Total Assets Total Liabilities Net Asset Value/Unitholders’ Capital 226.281 2007 RM’000 684.202) 300.911 PUBLIC EQUITY FUND (PEF) Extract of Statement of Income and Expenditure for the financial years ended 31 October 2008 RM’000 Investment income Total expenses Net Investment Income Net Income Before Taxation Net Income After Taxation Extract of Statement of Assets and Liabilities as at 31 October 2008 RM’000 Total investments Total other assets Total Assets Total Liabilities Net Asset Value/Unitholders’ Capital 304.489 41.570 56.693 (23.263 20.991 (4.534 (25.805 60.142 258.928 2006 RM’000 690.912) 213.816 (8.526) 233.741 (56.907) 249.478 710.781 2007 RM’000 324.571 150 .187 2007 RM’000 74.

247 4.578) (10.05.438) 155.072) (2.05 to 31.118 (17.780 (7.566) 114.785 121.090 (3.150) 186.513 199.421 75.602) 66.296 31.699 23.135 151 .812 2007 RM’000 74.641 503.650) (9.322 2006 RM’000 200.867) 2007 RM’000 80.366 28.043 (3.323 (8.533 13.272) 464.968 (8.928 2008 RM’000 Investment income Total expenses Net Investment Income Net Income Before Taxation Net Income After Taxation Extract of Statement of Assets and Liabilities as at 31 May 2008 RM’000 Total investments Total other assets Total Assets Total Liabilities Net Asset Value/Unitholders’ Capital 390.095 6.174 (38.214 2007 RM’000 195.741 204.868) (10.760 (44.650) 387.711 115.920 (7.233 57.179 406.164 24.581 74.06 RM’000 40.04.725 (26.902 (19.622) 76.126 2006 RM’000 29.606 16.027) 32.630 553.349 PUBLIC DIVIDEND SELECT FUND (PDSF) Extract of Statement of Income and Expenditure for the financial years ended 31 May From 13.902 2006 RM’000 547.377 61.659 111.979 (8.377 3.074 121.706 5.705 2007 RM’000 489.926) 25.HISTORICAL FINANCIAL HIGHLIGHTS OF THE FUNDS (CONT’D) PUBLIC FOCUS SELECT FUND (PFSF) Extract of Statement of Income and Expenditure for the financial years ended 31 December 2008 RM’000 Investment (loss)/income Total expenses Net Investment (Loss)/Income Net (Loss)/Income Before Taxation Net (Loss)/Income After Taxation Extract of Statement of Assets and Liabilities as at 31 December 2008 RM’000 Total investments Total other assets Total Assets Total Liabilities Net Asset Value/Unitholders’ Capital 116.823) 526.209) 114.

387 (8.917) 510.140 (3.922) 457.784 2007 RM’000 439.05.912 PUBLIC REGIONAL SECTOR FUND (PRSEC) Extract of Statement of Income and Expenditure for the financial year/period ended 31 May From 22.801) 112.110 70.048 29.143 61.960 11.275 (21.245 (63.834 (2.875 103.051 119.498 104.10.747) 89.127) 386.731 61.701 (44.090) 85.07 RM’000 94.610 119.06 RM’000 19.189 (46.708 2008 RM’000 Investment income Total expenses Net Investment Income Net Income Before Taxation Net Income After Taxation Extract of Statement of Assets and Liabilities as at 31 May 137.02.05.057) 16.313 449.HISTORICAL FINANCIAL HIGHLIGHTS OF THE FUNDS (CONT’D) PUBLIC FAR-EAST SELECT FUND (PFES) Extract of Statement of Income and Expenditure for the financial years/period ended 31 May From 25.658 427.427 152 .118 2006 RM’000 399.187 2007 RM’000 96.040 2008 RM’000 Investment income Total expenses Net Investment Income Net Income Before Taxation Net Income After Taxation Extract of Statement of Assets and Liabilities as at 31 May 2008 RM’000 Total investments Total other assets Total Assets Total Liabilities Net Asset Value/Unitholders’ Capital 363.932 9.665) 370.06 to 31.05 to 31.227 392.083 11.355 41.857 (7.346 555.299 (6.879 2007 RM’000 414.691 460.531 12.685 118.788 69.716 61.336) 129.762) 380.806 (9.565 2008 RM’000 Total investments Total other assets Total Assets Total Liabilities Net Asset Value/Unitholders’ Capital 514.

744) 20.275 2007 RM’000 292.947 6.337) 3.329 309.05.042 631.496 7.935 2008 RM’000 Investment income Total expenses Net Investment Income Net Income Before Taxation Net Income After Taxation Extract of Statement of Assets and Liabilities as at 30 November 2008 RM’000 Total investments Total other assets Total Assets Total Liabilities Net Asset Value/Unitholders’ Capital 623.116) 302.859 153 .194.HISTORICAL FINANCIAL HIGHLIGHTS OF THE FUNDS (CONT’D) PUBLIC GLOBAL SELECT FUND (PGSF) Extract of Statement of Income and Expenditure for the financial year/period ended 31 May From 01.238) 618.059) 149.539 1.096.410 (2.835) (2.07 RM’000 117.799 (3.730 16.999 32.059 (6.314 (14.273 2007 RM’000 1.310 153.11.006 8.09.146) 101.157.833 (16.570 35.404) 1.07 RM’000 12.06 to 30.943 PUBLIC FAR-EAST DIVIDEND FUND (PFEDF) Extract of Statement of Income and Expenditure for the financial year/period ended 30 November From 06.810 35.263 (97.245 13.06 to 31.11.428 6.284 (3.687 86.048 (12.389) 9.622 82.724 36.840) 2008 RM’000 Investment income Total expenses Net Investment Income Net Income/(Loss) Before Taxation Net Income/(Loss) After Taxation Extract of Statement of Assets and Liabilities as at 31 May 2008 RM’000 Total investments Total other assets Total Assets Total Liabilities Net Asset Value/Unitholders’ Capital 140.555 (4.

07.504) (22.591 (7.635.04.628.129 1.464 (5.08 RM’000 Investment income Total expenses Net Investment Loss Net Loss Before Taxation Net Loss After Taxation Extract of Statement of Assets and Liabilities as at 31 July 2008 RM’000 Total investments Total other assets Total Assets Total Liabilities Net Asset Value/Unitholders’ Capital 1.556 (26.07 to 31.07 to 31.462 118.571) (78.365 30.07.167 3.05.718) 154 .08 RM’000 Investment income Total expenses Net Investment Loss Net Loss Before Taxation Net Loss After Taxation Extract of Statement of Assets and Liabilities as at 31 July 2008 RM’000 Total investments Total other assets Total Assets Total Liabilities Net Asset Value/Unitholders’ Capital 337.555) 361.424) 1.909 1.099 367.654) (22.592) (6.517.HISTORICAL FINANCIAL HIGHLIGHTS OF THE FUNDS (CONT’D) PUBLIC CHINA SELECT FUND (PCSF) Extract of Statement of Income and Expenditure for the financial period ended 31 July From 13.948) (78.969) (23.938 (8.571) PUBLIC FAR-EAST PROPERTY & RESORTS FUND (PFEPRF) Extract of Statement of Income and Expenditure for the financial period ended 31 July From 28.

07 to 31.925) (1.920 48.08 RM’000 Investment loss Total expenses Net Investment Loss Net Loss Before Taxation Net Loss After Taxation Extract of Statement of Assets and Liabilities as at 31 October 2008 RM’000 Total investments Total other assets Total Assets Total Liabilities Net Asset Value/Unitholders’ Capital 500.286) (14.865 524 83.09.745) (6.389 (327) 83.670) (6.558) (50.342) 518.487) (80.670) (7.218 (30.08 RM’000 Investment loss Total expenses Net Investment Loss Net Loss Before Taxation Net Loss After Taxation Extract of Statement of Assets and Liabilities as at 31 October 2008 RM’000 Total investments Total other assets Total Assets Total Liabilities Net Asset Value/Unitholders’ Capital 82.HISTORICAL FINANCIAL HIGHLIGHTS OF THE FUNDS (CONT’D) PUBLIC SOUTH-EAST ASIA SELECT FUND (PSEASF) Extract of Statement of Income and Expenditure for the financial period ended 31 October From 20.10.413) 155 .042) PUBLIC SECTOR SELECT FUND (PSSF) Extract of Statement of Income and Expenditure for the financial period ended 31 October From 26.10.844) (76.298 549.07 to 31.07.876 (36.062 (4.

530 (6.189 (6.212 4.506 72.712 (6.407 4.060 5.220 6.659 17.577 62.759 156 .027 2007 RM’000 431.970 2007 RM’000 106.273 98.439) 100.086 383.478) 65.169 19.HISTORICAL FINANCIAL HIGHLIGHTS OF THE FUNDS (CONT’D) PUBLIC FAR-EAST CONSUMER THEMES FUND (PFECTF) Extract of Statement of Income and Expenditure for the financial period ended 30 June From 10.372 96.907 4.711 64.306 (23.576 2006 RM’000 26.308 435.06.795 (19.549 2006 RM’000 384.581 (369) 150.361) 20.805 3.619 150.962 31.07 to 30.08 RM’000 Investment income Total expenses Net Investment Income Net Income Before Taxation Net Income After Taxation Extract of Statement of Assets and Liabilities as at 30 June 2008 RM’000 Total investments Total other assets Total Assets Total Liabilities Net Asset Value/Unitholders’ Capital 118.07.279) 360.564) 395.252) 3.659 (1.735 389.113 (39.289) 370.790 PUBLIC BALANCED FUND (PBF) Extract of Statement of Income and Expenditure for the financial years ended 31 May 2008 RM’000 Investment income Total expenses Net Investment Income Net Income Before Taxation Net Income After Taxation Extract of Statement of Assets and Liabilities as at 31 May 2008 RM’000 Total investments Total other assets Total Assets Total Liabilities Net Asset Value/Unitholders’ Capital 377.

893 49.08 RM’000 Investment income Total expenses Net Investment Income Net Loss Before Taxation Net Loss After Taxation Extract of Statement of Assets and Liabilities as at 30 April 2008 RM’000 Total investments Total other assets Total Assets Total Liabilities Net Asset Value/Unitholders’ Capital 98.359 (3.731 31.479 (571) 107.988 PUBLIC GLOBAL BALANCED FUND (PGBF) Extract of Statement of Income and Expenditure for the financial period ended 30 April From 20.980 51.302) 1.08 RM’000 Investment income Total expenses Net Investment Income Net Income Before Taxation Net Income After Taxation Extract of Statement of Assets and Liabilities as at 30 April 2008 RM’000 Total investments Total other assets Total Assets Total Liabilities Net Asset Value/Unitholders’ Capital 476.057 (1.527 (11.568 9.570 508.04.687) (1.301 (35.911 108.12.12.06 to 30.943) 472.547) 63.908 4.04.06 to 30.765) 157 .358 75.HISTORICAL FINANCIAL HIGHLIGHTS OF THE FUNDS (CONT’D) PUBLIC FAR-EAST BALANCED FUND (PFEBF) Extract of Statement of Income and Expenditure for the financial period ended 30 April From 20.

841 2007 RM’000 46.605 (11.208.351 1.103) 57.424) (90.132 (9.637) 1.999) 42.524 (73.817 42.864 2006 RM’000 68.151.223 PUBLIC INSTITUTIONAL BOND FUND (PIN BOND) Extract of Statement of Income and Expenditure for the financial years ended 30 April 2008 RM’000 Investment income Total expenses Net Investment Income Net Income Before Taxation Net Income After Taxation Extract of Statement of Assets and Liabilities as at 30 April 2008 RM’000 Total investments Total other assets Total Assets Total Liabilities Net Asset Value/Unitholders’ Capital 2007 RM’000 2006 RM’000 38.243) 81.868 81.124 1.284.127) 57.198.390) 31.781 1.111 (11.372 52 122 29 1.827 1.793 996.775 1.322 996.933 2006 RM’000 48.301) 922.817 1.478 57.841 31.731 53 59 24.295 1.138.177.197.167) 39.231 (6.029 57.100 (6.816 (5.198.232.233.233.246 1.401 (514) (500) (12.296 1.469) (76.029 57.764 158 .817 42.243 1.933 39.716 1.746 1.243 1.284.151.841 31.868 81.202.035 2007 RM’000 93.HISTORICAL FINANCIAL HIGHLIGHTS OF THE FUNDS (CONT’D) PUBLIC BOND FUND (P BOND) Extract of Statement of Income and Expenditure for the financial years ended 31 July 2008 RM’000 Investment income Total expenses Net Investment Income Net Income Before Taxation Net Income After Taxation Extract of Statement of Assets and Liabilities as at 31 July 2008 RM’000 Total investments Total other assets Total Assets Total Liabilities Net Asset Value/Unitholders’ Capital 2007 RM’000 2006 RM’000 66.478 57.933 39.112.

05.615 16.666 9.959 9.382) 407.666 21.029 (1.245) 512.589 3.115 200 615.662 (3.794 82.541 2007 RM’000 524.451) 7.616 1.387 26.898) 21.121 394.950 42.585) 374.047) 16.877 2.353 30.023 2008 RM’000 615.666 21.310 2006 RM’000 80.819) 569.05 to 31.564 (4.578 7.202 554.06 RM’000 874 (210) 664 664 664 159 .810 2008 RM’000 49.555 (42.934 714.205 (5.142 (19.488 2007 RM’000 19.528 415.10.602 PUBLIC SELECT BOND FUND (PSBF) Extract of Statement of Income and Expenditure for the financial years/period ended 31 May 2008 2007 RM’000 RM’000 Investment income Total expenses Net Investment Income Net Income Before Taxation Net Income After Taxation Extract of Statement of Assets and Liabilities as at 31 May 2008 RM’000 Total investments Total other assets Total Assets Total Liabilities Net Asset Value/Unitholders’ Capital 710.315 (45.146 15.HISTORICAL FINANCIAL HIGHLIGHTS OF THE FUNDS (CONT’D) PUBLIC ENHANCED BOND FUND (PEBF) Extract of Statement of Income and Expenditure for the financial years ended 31 January 2009 RM’000 Investment income Total expenses Net Investment Income Net Income Before Taxation Net Income After Taxation Extract of Statement of Assets and Liabilities as at 31 January 2009 RM’000 Total investments Total other assets Total Assets Total Liabilities Net Asset Value/Unitholders’ Capital 412.246) 8.419 (6.516 41.469) 42.496 2007 RM’000 386.021 8.982) 686.370 8.405 (8.523 (27.410 (23) 82.578 From 25.578 7.557 14.

163) 8.265) 893.HISTORICAL FINANCIAL HIGHLIGHTS OF THE FUNDS (CONT’D) PUBLIC MONEY MARKET FUND (PMMF) Extract of Statement of Income and Expenditure for the financial years ended 31 January 2009 RM’000 Investment income Total expenses Net Investment Income Net Income Before Taxation Net Income After Taxation Extract of Statement of Assets and Liabilities as at 31 January 2009 RM’000 Total investments Total other assets Total Assets Total Liabilities Net Asset Value/Unitholders’ Capital 921.015 27.268) 179.283 (7.231 2007 RM’000 8.361 2008 RM’000 412.644 186.236 24.236 2008 RM’000 9.098) 24.152 922.036) 7.639 2.784 (1.495 1.869 414.231 8.626 (29.748 7.748 160 .222) 402.142 2007 RM’000 183.231 8.474 1.364 (12.334 (3.394 (1.748 7.236 24.

67 1. Less than 0.811 8.06 0.327 2.336 6.08 0.395 6.06 0.51 1.592 14.03 0.932 13.851 24.08 0.024 13.05 0.222 3.04 0.04 0.05 0.045 8.892 %# 1.150 7.50 1.02 0.50 1.53 1.547 3.50 1.50 1.745 1.504 8.06 0.07 0.958 4.898 3.02 0.50 1.594 6.03 0.08 0.03 0.75 0.729 11.06 0.03 0.06 0.103 6.08 0.07 0.015 4.07 0.337 14.07 0.58 0.02 0.52 1.05 0.50 1.02 0.779 2.950 3.992 8.04 0.50 1.811 3.141 6.390 5.50 1.03 0.08 0.08 0.HISTORICAL FINANCIAL HIGHLIGHTS OF THE FUNDS (CONT’D) 5.44 1.06 0.75 0.01% The following funds will have their first financial year/period as follows: Fund Name PFETIF PCTF PSA30F Financial Year/Period-ending 30 April 2009 31 May 2009 30 November 2009 161 .06 0.01 ^ Reflected as a percentage of average NAV.66 1.098 0.478 11.50 1.375 Trustee Fee RM’000 269 450 311 138 170 600 166 314 112 271 308 289 168 726 1.035 0.072 4.109 11.50 1.312 388 711 86 55 282 577 155 400 300 223 215 154 %# 0.614 1.015 0.209 8.524 1.01 ^ Total Annual Expenses RM’000 7.07 0.713 6.04 0.744 26.252 6.616 2.50 1.052 13.03 0.50 1.07 0.578 7.846 2.316 7.839 4.246 4.801 3.08 0.50 1.03 0.02 Other Expenses RM’000 111 226 132 103 126 224 86 167 71 164 315 293 145 167 381 152 323 45 56 150 159 102 109 18 65 67 52 %# 0.50 1.52 1.219 3.191 3.08 0.2 EXPENSES INCURRED BY THE FUNDS The table below shows the total annual expenses incurred by the funds in their respective preceding financial year.402 8.03 0.558 1.302 9. Fund Name PSF PGF PIX PIF PAGF PRSF P SmallCap PEF PFSF PDSF PFES PRSEC PGSF PFEDF PCSF PFEPRF PSEASF PSSF PFECTF PBF PFEBF PGBF P BOND PIN BOND PEBF PSBF PMMF # ^ Management Fee RM’000 6.774 7.046 10.08 0.07 0.045 0.07 0.50 1.08 0.04 0.06 0.636 13.00 0.

59 1.78 Fund Name PIN BOND 30 April 2008 30 April 2007 30 April 2006 PEBF 31 January 2009 31 January 2008 31 January 2007 PRSEC* 31 May 2008 31 May 2007 PGSF* 31 May 2008 31 May 2007 PFEDF* 30 November 2008 30 November 2007 PCSF* 31 July 2008 PFEPRF* 31 July 2008 PSEASF* 31 October 2008 PSSF* 31 October 2008 PFECTF* 30 June 2008 PBF 31 May 2008 31 May 2007 31 May 2006 PFEBF* 30 April 2008 PGBF* 30 April 2008 PSBF 31 May 2008 31 May 2007 31 May 2006 PMMF 31 January 2009 31 January 2008 31 January 2007 MER (%) 0.62 1.59 1.60 1.60 1.60 1.80 0.07 1.78 0.62 1.41 0.77 1.40 0.53 0.58 1.62 1.50 1.58 1.62 1.59 1.61 1.83 1.61 1.59 1.59 1.63 1.61 1.58 1.53 1.61 1.58 1.63 1.60 1.64 1.61 1.61 1.81 0.41 * These funds were launched for less than 3 financial years.79 0.HISTORICAL FINANCIAL HIGHLIGHTS OF THE FUNDS (CONT’D) The management expense ratio (MER) of the funds for the past three (3) financial years is as follows: Fund Name PSF 31 December 2008 31 December 2007 31 December 2006 PGF 31 July 2008 31 July 2007 31 July 2006 PIX 31 January 2009 31 January 2008 31 January 2007 PIF 31 October 2008 31 October 2007 31 October 2006 PAGF 31 March 2009 31 March 2008 31 March 2007 PRSF 31 March 2009 31 March 2008 31 March 2007 P SmallCap 31 August 2008 31 August 2007 31 August 2006 PEF 31 October 2008 31 October 2007 31 October 2006 PFSF 31 December 2008 31 December 2007 31 December 2006 PDSF 31 May 2008 31 May 2007 31 May 2006 PFES 31 May 2008 31 May 2007 31 May 2006 P BOND 31 July 2008 31 July 2007 31 July 2006 MER (%) 1.61 1.59 1.53 0.62 1. 162 .64 0.59 1.59 1.87 0.59 1.63 1.62 1.58 1.61 1.06 1.06 1.59 1.71 0.60 1.62 1.59 1.64 1.60 1.61 1.62 1.

If you are a first time investor of Public Mutual. can then be submitted to any of the Public Bank branches.Please refer to page 30 of Chapter 1: Key Features of The Funds.)). For prospective investors of the funds.e. You are advised to retain the bank-in slip issued by the bank for your record and future reference. objective and its distribution policy. together with the investment amount made out in a cheque in favour of Public Mutual Berhad followed by the new NRIC number of the first holder (e. the application must be submitted together with the requisite statutory documents. 163 . sole proprietor or others. For non-individual or corporate applicants. In reading the Prospectus. Public Mutual branch offices are located throughout the state capitals and major towns of Malaysia to service unitholders who may need to do an enquiry or a transaction with us. the types of fund transactions available. your rights as a unitholder. First ask the agent attending to you for information on the funds. Investors have the right to view the authorisation card issued by FMUTM to the attending agent. you are required to complete the Application Form for EPF Members Investment Scheme and KWSP 9N (AHL) Form and submit them together with a copy of your NRIC to the sales agent attending to you.2 HOW TO BUY. please contact our corporate sales desk at 03-6279 6829 for further assistance. you are also required to complete the New Investor Particulars Form. Minimum Initial Investment . permitting him to deal in unit trust products. the fund category.g.6 GETTING STARTED WITH PUBLIC MUTUAL 6. and be sure to request for a copy of the Prospectus. It is important that you read the Prospectus carefully. SELL OR SWITCH UNITS OF THE FUNDS Read and Understand the Prospectus of the Funds It is important that you should understand fully about unit trust investments. partnership. For investors who are investing under the EPF Members Investment Scheme (of which application to invest will be subject to the approval by EPF). Please contact the corporate sales desk at 03-6279 6829 should you need further assistance.1 INVESTING WITH PUBLIC MUTUAL Public Mutual distributes units of the funds through a network of dedicated sales agents who are registered with the FMUTM. the nature and amount of fees and expenses of the fund which you would have to bear. Please refer to the Directory of Public Mutual Branch and Agency Offices on pages 207 to 209 of the Prospectus for details of their addresses and telephone numbers. Please refer to the fund application form for details of the documents required by the different customer types i. do make sure that you understand fully: • • • • • • the nature of collective investment schemes. Your application form. 6. and seek further clarification on any matter that may concern you. the reports that you will receive as a unitholder which keeps you fully informed about the performances of the fund. and what investing with the funds would mean to you in terms of the potential benefits and risks. Public Mutual Berhad (New NRIC No. you would need only to complete the Fund Application Form that comes with the Prospectus obtainable free upon request. To Open an Account For prospective PIN BOND investors. a Malaysian company.

Under the Deed.GETTING STARTED WITH PUBLIC MUTUAL (CONT’D) Adding Regularly to Your Account You may invest regularly into your investment account. Alternatively. the net repurchase proceeds will be remitted to EPF for crediting into the members’ provident accounts. the Manager is given the exclusive right to effect the issue of units for the account of the fund and has absolute discretion to accept or reject in whole or in part any application for units. For EPF unitholders. TeleMutual.000. the cooling-off period will commence from the date of receipt of application form by Public Mutual. 164 . you would only need to complete and submit the Repurchase Form to your nearest Public Mutual branch office or Public Mutual Head Office.Please refer to page 30 of Chapter 1: Key Features of The Funds. Exercise of Repurchase. You will be paid the repurchase proceeds within 10 days from our receipt of your repurchase request. Ask your agent about investing regularly and get a head start on the benefits of dollar-cost-averaging that comes with the regular purchase of units.000 units for all funds except PIN BOND. the request to exercise your cooling-off right must be submitted either to the Public Mutual Head Office or to any of its branch offices within 6 Business Days from the date of receipt of the application form and payment by Public Mutual. you need to complete and submit the Transfer Form instead. This can be easily done through issuing Direct Debit Authorisation with Public Bank. the minimum transaction per repurchase or switching is 1.000 units. Please refer to page 167 for more information on TeleMutual. staff of the Manager and persons/agents registered to deal in its unit trust funds are not entitled to the cooling-off right. You need only to complete and return the Switching Form to your nearest Public Mutual branch office or Public Mutual Head Office. Minimum Additional Investment . Exercise of Cooling-off Right For investors who are investing with Public Mutual for the first time. It is against our Company’s policy to accept cash for the purchase of units in the funds. you may add to your investment account as and when you feel so inclined by depositing your cash/cheque made in favour of Public Mutual Berhad followed by your fund account number. Transfer For transfer of units. switching or transfer is 1. Switching You may move your investments between various funds in response to changing financial goals or market conditions subject to the fees and conditions for switching laid out on pages 31 and 32 of Chapter 1: Key Features of The Funds. For EPF unitholders. You will be paid a full refund of your investment principal within 10 days from the date of exercise of this cooling-off right. You can also execute your repurchase and switching requests using our phone-in voice system. Switching and Transfer The minimum transaction per repurchase. Corporates or institutions. For PIN BOND. Account transfer facility is not available to PIN BOND. Minimum Transaction Amount for Repurchase. An administration fee of RM25 is charged on each transfer transaction. into the collection accounts maintained at Public Bank. As such investors are advised not to make payment in cash when purchasing units of the funds via any retail agent. Switching and Transfer of Units Repurchase Should you later need to partially or fully redeem your units.

In the case of partial repurchase. which will provide you with the latest update of your investment account. unit trusts cannot avoid assuming to a certain extent the market risks inherent in its portfolio investments. It is Our Company’s Policy to Discourage the Use of Loan Financing in the Purchase of Units. Pledging of Units as Collateral Units held by you may be pledged as collateral for securing loans with Public Bank under the Unit Trust Flexi-Loan Express (UNIFLEX) Plan. you will receive annual and interim Statements of Investment. likewise. as well as an updated record of your investment account(s) with us. portfolio holdings and accounts of the funds are detailed twice a year in annual and interim reports which are sent to all unitholders within 2 months from the close of each financial year or interim period. Investors are advised to read and understand fully the Loan Financing Risk Disclosure Statement that forms part of the Fund Application Form before signing off on the form.000. transfer or switching of funds. additional Quarterly Account Summaries of your investments will be generated as part of our Priority Client Service. Borrowing to Purchase Units Unit trusts are considered long term savings vehicles which should. Investing in a unit trust fund with borrowed money is more risky than investing with your own savings. you must always ensure that you leave a minimum balance of 1. 6.000 units (1. The UNIFLEX Plan has many advantages. return better than bank deposits or bonds through its investments in equities or other market-related securities. 165 .GETTING STARTED WITH PUBLIC MUTUAL (CONT’D) Minimum Account Balance Whatever you may do by way of repurchase. But.000 units in the case of PIN BOND) in his/her account with the fund.000 units in the case of PIN BOND) in your account at all times in order to stay invested with the fund. Investors should be aware of the loan financing risk as stated on page 36 of this Prospectus and are advised to read and understand the Loan Financing Risk Disclosure Statement that forms part of the Fund Application Form. Annual and Interim Reports The investment strategies. the Manager may elect to repurchase the entire account if the effect thereof would result in the unitholder holding less than 1.000. Annual/Interim Statement of Investment In addition.3 STATEMENTS AND REPORTS Statements to Confirm and Record Transactions Computer-generated Statements will be issued to provide you a record of each and every transaction made in your account so that you may confirm the status and accuracy of your transactions. For more details on the UNIFLEX Plan. and it would be considered unwise for the unitholder to undertake borrowing to purchase his units as it may serve to accentuate any capital loss incurred by him in the event of a prolonged weak (bear) market. you may call Public Bank Hotline: 1800-883323. sent together with the funds’ interim/ annual reports.000 units (1. theoretically speaking. For Mutual Gold Members. performances.

5 Distribution Policy of Chapter 1: Key Features of The Funds for more information on the mode of distributions and policies and procedures on unclaimed monies/distributions. TeleMutual Service: 03-6279 5252 for fast track information on fund prices. Feel free to contact Public Mutual Hotline: 03-6207 5000 for general enquiries or specific assistance regarding your investments with us. Unitholders may check for the current NAV/price of the funds by referring to the Unit Trusts Column published daily in major newspapers or by visiting our website at http://www. detailing the nature and amount of returns distributed by the funds. You can also access Public Mutual Online. paragraph 1. Public Mutual buys from and sells units to unitholders during Business Days. account balance enquiries. account enquiries and e-statements and e-reports.com.my. You may refer to pages 33 to 34. Take full advantage of our phone-in voice response system. our e-commerce website for online transactions. 6. 166 . (Please refer to page 169 for Determination of Prices).GETTING STARTED WITH PUBLIC MUTUAL (CONT’D) Statement of Distribution of Returns If distribution of returns is declared by the funds.4 KEEPING TRACK OF THE DAILY PRICES OF UNITS Units are valued at their NAV per unit on every Business Day in which the Bursa Securities is open for dealing. EPF next withdrawal date and for execution of repurchase and switching requests. Liquidity of your investment is thus assured. you will receive Statements of Distribution of Returns.publicmutual.

balance inquiry. and investment or financial planning related articles. For further information regarding TeleMutual. Financial Freedom Retirement and Education Planning Software – designed as user-friendly. a secure and convenient facility which allows investors to conduct transactions via the internet. In addition.publicmutual. market reports on a daily.DEDICATED SERVICES TO UNITHOLDERS OF PUBLIC MUTUAL FINANCIAL FREEDOM Public Mutual has a long tradition of promoting sound financial planning among unitholders and investors. monthly and quarterly basis. information on unit trust investment planning. weekly. ‘Do-it-Yourself’ tools to enable you to determine your retirement and children’s education funding requirements. which is designed exclusively for the convenience of our unitholders who do not have the time to call personally at our Offices. the Financial Freedom FP Advisor is available exclusively to Public Mutual’s unit trust consultants to enable them to provide personalised financial planning services with possible solutions to help their unitholders and prospective investors achieve their financial goals in life. • Financial Freedom FP Advisor – a financial planning software that provides a wide array of financial planning services and enables fund investment analyses to be done ‘on the spot’.my for more information PHONE-IN ENQUIRIES TeleMutual is our Voice Response System.00 a.publicmutual.com.com. EPF next withdrawal date inquiry and other transactional services including repurchase and switching of funds are available on TeleMutual. all available at the tip of your hands. Developed in-house. investors also enjoy quick access to their account details and e-statements and funds’ e-reports through Public Mutual Online. Fund prices. TeleMutual will enable you to conduct your investment needs from the comfort of your home or office. please visit Public Mutual website at www. PUBLIC MUTUAL ONLINE Investing has never been easier with Public Mutual Online. all in the comfort of your home.m. Our website carries a variety of information on services we provide including information about our funds.my. Our commitment in this arena is demonstrated by the following financial planning services/tools available to unitholders and investors.00 midnight. Call Public Mutual Hotline: 03-6207 5000 or visit www. Call our Financial Planning Centre: 03-2287 7348 for more information on our financial planning services • PUBLIC MUTUAL WEBSITE For the latest update on the Company’s development. please call: 03-6207 5000 167 . Surf our website in the comforts of your home to search for our funds that best suit your investment needs. to 12. All that’s required of you is a telephone call to 03-62795252. Mondays to Sundays. updates on fund prices and performances. TeleMutual service is available from 7.

time saving services and benefits to high net worth individual unitholders. These insurance policies/plans provide wide coverage for term life. Call Public Mutual Hotline : 03-6207 5000 for more information 168 . The exclusive privileges Mutual Gold and Mutual Gold Elite Members will enjoy include free Will writing. hospitalisation and surgical. critical illnesses. which is offered in collaboration with PB Trustee Services Berhad (PBTSB). free trust nomination service. invitations to Mutual Gold Seminars and Financial Planning Talks and many more. numerous free switchings per annum. repurchase cheques within two Business Days. With trust nomination. free Group Personal Accident with Permanent Disability insurance coverage of up to RM750. you enjoy competitive rates including free acceptance and lifetime custodian fees. Call Public Mutual Hotline : 03-6207 5000 for more information INSURANCE COVERAGE AT ATTRACTIVE PREMIUMS Public Mutual has arranged with established insurers to provide insurance coverage at attractive premiums exclusively for our unitholders. Quarterly Account Summary. total permanent disability.000. * subject to terms and conditions Call Public Mutual HOTLINE: 03-6207 5000 for more information on terms and requirements PUBLIC MUTUAL WILL WRITING SERVICES Unitholders who wish to ensure their legacy are passed on to their loved ones effectively and smoothly upon the unexpected. free Public Bank credit card*. complimentary magazine. can write a Will through Public Mutual Will Writing Services.DEDICATED SERVICES TO UNITHOLDERS OF PUBLIC MUTUAL (CONT’D) PRIORITY SERVICE Mutual Gold and Mutual Gold Elite Priority Services are designed to provide value-added. Under Public Mutual Will Writing Services. etc. your investment is distributed to your loved ones without them having to go through the lengthy process of Probate or Letter of Administration. personal accident. if PBTSB is appointed the executor. Call Public Mutual Hotline: 03-6207 5000 for more information PUBLIC MUTUAL TRUST NOMINATION SERVICE Public Mutual Trust Nomination allows you to name your loved ones as beneficiaries of your unit trust investments by declaring a Trust for their benefit. Mutual Gold Elite Members also enjoy other special benefits and privileges in addition to the above.

000 0.500. Investment deposited into the collection accounts of Public Mutual before 4:00 p. Any payment made on a non-Business Day shall be treated as payment made on the following Business Day.e.250. the valuation point will thus be after the close of Bursa Securities but not later than 9:00 a. variation or revision in the Prospectus.e.550. as certain of the foreign markets in which the funds may invest in have yet to close due to the different time zones of these countries. vary or revise the abovesaid limits or threshold from time to time and disclose such amendment.m. 169 . In the event of incorrect pricing of units of the funds.00) or more to be reimbursed to the affected unitholder for each sale or repurchase transaction. Investment deposited into the collection accounts after 4:00 p. 775. and results in a sum total of Ringgit Malaysia Ten (RM10.m. to be calculated at the next valuation point after the application to purchase units is received and accepted by the Manager. at the next valuation point after the repurchase request is received by the Manager.7 TRANSACTION INFORMATION 7. the valuation of NAV of funds is conducted on each Business Day at the close of the Bursa Securities. on any Business Day will be based on a price determined for the same Business Day.m. a transaction to redeem units by an investor will be done at the price next determined i. A transaction issued today by an investor to purchase units of the fund will be carried out at a price next determined i.1 DETERMINATION OF PRICES Valuation Point Valuation point refers to such a time(s) on a business day as may be decided by the Manager wherein the Net Asset Value (“NAV”) of the fund is calculated.000 1. the Manager shall have the right to amend. (or any other such time as may be permitted by the relevant authorities from time to time) on the following day in which the Manager is open for business. For funds with foreign investments.50000000 Subject to any regulatory requirements. For funds with no foreign investments. Similarly. the valuation of funds will be conducted after the close of business of Bursa Securities for the relevant day. As such. on any Business Day will be based on a price determined for the next Business Day. Illustration 1: Computation of NAV per unit The following is a hypothetical example of the valuation carried out for PEF for the business day of 8 July 2009: Total NAV (RM) UIC (units) NAV per unit (RM) (Total NAV/UIC) Forward Pricing for both Buy and Sell Transactions Both the buy and sell transactions are traded at prices next determined. NAV per Unit The NAV per unit is obtained by dividing the NAV of the fund by the number of units in issue. the Manager shall take immediate remedial action where that incorrect pricing – (i) (ii) is equal or more than zero point five per centum (0.5%) of the NAV per unit.

Making an Investment Buying of units by investors is transacted at the NAV per unit of the funds. Service charge and repurchase charge (if any) that are to be levied on the purchase and sale of units by investors will not be incorporated in the quoted prices of the funds. Investor A decides to invest RM10.000 units credited into his investment account as shown below: Units credited to investor’s account Amount invested NAV per unit Service charge per unit = = = = RM10.50000000. the total amount payable by Investor A: = = = Amount invested in PEF RM10. Following through on illustration 1.000 in PEF.TRANSACTION INFORMATION (CONT’D) 7.50000000 x 5.25% of NAV per unit is levied for bond and money market funds. The service charge levied on the purchase of units in the fund is 5.5% RM0.50000000 NAV per unit x Service Charge (%) RM0.02750000 = = = Service Charge per unit x Units credited to investor RM0.550 Investors are advised not to make payment in cash when purchasing units of the funds via any retail agent. Upon the purchase of units of the funds by investors. Based on the above. Investor A would have 20.02750000 x 20. which is at the NAV per unit of the funds. the NAV per unit of PEF is at RM0. whilst a service charge of up to 0. Illustration 2: Purchase of Units by Investors Let us assume that on 8 July 2009.000 units Total service charge incurred by Investor A Following the above. For investors investing under the EPF Members’ Investment Scheme.000 RM10.5%. + RM550 + Service charge incurred 170 .000 RM0.000 units RM550 20.5% of NAV per unit is levied for equity and balanced funds. These charges will be computed and charged separately.2 COMPUTATION OF PRICES Buying and selling of units are quoted and transacted at a single price. a service charge of up to 5. a service charge of up to 3% of NAV per unit is levied for equity and balanced funds (as regulated by EPF).

During the cooling-off period. the NAV per unit of PEF for the Business Day of 8 July 2009 is at RM0. Following through on Illustration 1. Based on the above. Essentially. may proceed to exercise his cooling-off right by submitting a cooling-off request to any of the Public Mutual branch offices or Public Mutual Head Office. 171 . Under the cooling-off request.000 units x RM0. Investor B decides to redeem 20.50000000 x 0% Nil = = = Repurchase Charge per unit x Units redeemed RM0 x 20. He submits his Repurchase Form to a branch office of Public Mutual. the investor.000 – RM0 – Repurchase Charge Incurred 7. the amount redeemed from PEF = = = Repurchase charge per unit = = = Units redeemed x NAV per unit 20.000 RM10.000 units Nil Total repurchase charge incurred by Investor B Following the above. and (b) the sales charge imposed on the day the units were purchased.50000000.3 COMPUTATION OF COOLING-OFF PROCEEDS A cooling-off period of 6 business days is accorded to an investor who is investing with Public Mutual for the first time. There is no repurchase charge levied on the sale of units of the fund by the investor. the refund for every unit held by the unitholder will be the sum of: (a) the price of a unit on the day the units were purchased. Illustration 3: Redemption of Units by Investors Let us assume that on 8 July 2009.TRANSACTION INFORMATION (CONT’D) Redeeming an Investment Redemption of units by investors is transacted at the NAV per unit of the funds.000 units of PEF. upon changing his mind about the unit trust investment that he has made.50000000 RM10.000 NAV per unit x Repurchase Charge (%) RM0. The Manager does not impose a repurchase charge on the redemption of units of funds by investors. the repurchase proceeds received by Investor B within 10 days from the Manager’s receipt of his repurchase request: = = = Amount redeemed from PEF RM10. the investor will receive a full refund of the initial amount paid by him on his purchase of units within 10 days of receipt of cooling-off notice by the Manager.

50000000 x 5. Investors investing under the EPF Members’ Investment Scheme will be levied a service charge of up to 3% of NAV per unit. The service charge levied on the purchase of units in the fund is 5. Investor A decides to invest in PEF when the NAV per unit of the fund is at RM0.8 FEES. Charges on Switching and Transfer of Units There are charges involved for switching and transfer transactions. Repurchase charge per unit = = = NAV per unit x Repurchase Charge (%) RM0. CHARGES AND EXPENSES 8.5% of NAV per unit. Service charge per unit = = = NAV per unit x Service Charge (%) RM0. Repurchase Charge The Manager does not impose a repurchase charge on the sale of units of funds by the investors. Purchase of units through the Manager: Up to 0. which is at the NAV per unit of the funds.5% of NAV per unit. There is no repurchase charge levied on the sale of units of the fund by investors. These charges will be computed and charged separately.50000000 x 0% Nil The repurchase charge method of computation illustrated above is applicable to all the funds listed under this Prospectus.25% of NAV per unit. Service Charge Service charge levied upon the purchase of units of the funds by investors is as follows: Equity and Balanced Funds Purchase of units through agents: Up to 5. the computation is based on the NAV per unit of the fund that has not been rounded up.02750000 The service charge method of computation illustrated above is applicable to all the funds listed under this Prospectus. Please refer to pages 31 and 32 of Chapter 1: Key Features of The Funds for more information. Purchase of units through the Manager: Up to 5.5%. Service charge and repurchase charge (if any) that are to be levied on the purchase and sale of units by investors will not be incorporated in the quoted prices of the funds. as regulated by EPF.1 CHARGES IMPOSED ON SALE AND PURCHASE OF UNITS Buying and selling of units are quoted and transacted at a single price.50000000. Investor A decides to redeem units of PEF when the NAV per unit of the fund is at RM0.50000000. Illustration 1: Computation of Service Charge Let us assume that on 8 July 2009. Bond and Money Market Funds Purchase of units through agents: Up to 0. The Manager may at its discretion charge a lower service charge subject to qualifying criterion. 172 . For the purpose of calculating service charge and repurchase charge. Illustration 2: Computation of Repurchase Charge Let us assume that on 8 July 2009.25% of NAV per unit.5% RM0.

PEBF: 1. PDSF. postage and other services incurred in the administration of the fund. PSEASF.000 per annum. audit fees. and payable monthly to the Manager.000 and a maximum fee of RM450. PFEBF and PCTF: 1. PSEASF. PCSF.000 per annum. PGSF. subject to a minimum fee of RM18.000 and a maximum fee of RM300. PEBF: 0. distribution cheques. PFEDF.000 and a maximum fee of RM600.000 and a maximum fee of RM300. Money Market Fund PMMF: 0. PFSF.5% per annum of the NAV.5% per annum of the NAV.000 per annum. PAGF.045% per annum of NAV. subject to a minimum fee of RM18. and payable monthly to the Trustees.75% per annum of the NAV. PFES. PIN BOND and PSBF: 0.000 per annum. These costs are paid out of the fund’s assets. PAGF. subject to a minimum fee of RM18. CHARGES AND EXPENSES (CONT’D) 8. P SmallCap.000 and a maximum fee of RM400. PSA30F. trustee’s fee and custody fees. PSSF and PSA30F: 1. 173 .FEES. PBF. PFEPRF. PFETIF. PMMF: 0. PGF. The management fee is calculated and accrued daily. subject to a minimum fee of RM18. PRSF: 0. PFECTF and PFETIF: 1. PIX. PRSEC. PGF. P BOND: 0. subject to a minimum fee of RM18. PSSF.000 and a maximum fee of RM350.000 per annum. PFECTF.2 FEES AND EXPENSES OF THE FUNDS Operating a fund involves a variety of expenses for portfolio management. The trustee fee is calculated and accrued daily.035% per annum of NAV. PIN BOND: 0.08% per annum of NAV.375% per annum of the NAV. subject to a minimum fee of RM18. PIF. PBF. PGSF and PGBF: 1. subject to a minimum fee of RM18. P SmallCap.80% per annum of NAV.07% per annum of NAV. the manager’s fees.000 per annum. PCTF.02% per annum of NAV. PCSF.07% per annum of NAV.55% per annum of the NAV.0% per annum of the NAV. PDSF and PFES: 0. PFEPRF.06% per annum of NAV. subject to a minimum fee of RM18. PFSF and PRSEC: 0. administrative charges such as printing of interim and annual reports. PEF. PIF. Bond Funds P BOND and PSBF: 0.000 and a maximum fee of RM450. Manager’s Fee and Trustee’s Fee %/RM Equity and Balanced Funds Annual Management Fee PSF. PFEDF.035% per annum of NAV. PFEBF and PGBF: 0. PEF.70% per annum of the NAV. PIX.000 per annum. Annual Trustee Fee PSF.000 per annum. PRSF.

There are fees and charges involved and investors are advised to consider them before investing in the funds.FEES.3 POLICY ON STOCKBROKING REBATES AND SOFT COMMISSIONS The management company does not receive any form of rebates or soft commissions from brokers. CHARGES AND EXPENSES (CONT’D) 8. 174 . All dealings with brokers are executed at competitive market rates.

statements. This comes in addition to a national web of support networks comprising the branches of Public Bank that act as collection centres for the banking-in of investments by unitholders. Online transactions and account enquiries are also available through Public Mutual Online. The PB Series of Funds is distributed by Public Mutual’s appointed IUTA(s). Unitholders may also take advantage of quick fund prices and other transactional services currently available on TeleMutual.2 Billion (as at 1 April 2009) from over 2. 28 February 2009 175 .23 9.000 account holders. Public Mutual is a licensed fund manager and is the largest private unit trust manager in terms of NAV. Growth of Net Asset Value (From Dec 1992 to Dec 2008 and 1 Apr 2009) 30 28 26 24 22 RM Billion 20 18 16 14 12 10 8 6 4 2 0 1992 0. Sales Network Sale of the Public Series of Funds and Public Series of Shariah-Based Funds are conducted through Public Mutual’s dedicated direct sales agency force comprising individual agents registered with the FMUTM. Public Mutual has been managing unit trust funds in Malaysia for over two decades.2 ORGANISATION OF PUBLIC MUTUAL Staff Strength Public Mutual maintains a staff strength of approximately 700 personnel as of 1 April 2009 to manage and administer its unit trust schemes.47 1995 2.08 2006 16. Public Mutual currently manages sixty eight (68) unit trust funds with a total NAV of over RM24. a member of the Public Bank Group. distributions and other matters pertaining to their investments with the funds.13 1996 2.081.32 1-Apr-09 24. Public Mutual has a broad network of branches located in state capitals and major towns to service its unitholders and markets. time saving services.16 1993 0.11 2001 5.23 2004 9.9 THE MANAGER 9. Lipper Fund Table. TeleMutual and Public Mutual Online Customer Service of Public Mutual attends to unitholders’ enquiries on the status of their investment transactions.88 2005 12.82 1994 1. Public Mutual maintains the largest market share of assets under management1.25 1999 3.78 1998 2.80 2003 8. Customer Service.83 2000 4. The graph below shows the rapid growth in net asset value managed by Public Mutual since the early 1990s when the unit trust industry came under the purview of the Securities Commission of Malaysia.39 2008 23.03 2002 5. Priority clients may access the exclusive Mutual Gold Service for value-added. 1 Source: The Edge. In terms of NAV and market position within the Malaysian private unit trust industry. Mutual Gold.37 1997 1. Public Mutual began its operations on 2 July 1980 and was among the early pioneers of the industry.19 NAV (RM Bil) 2007 28. Incorporated on 21 July 1975 under its former name Kuala Lumpur Mutual Fund Berhad.1 CORPORATE PROFILE OF PUBLIC MUTUAL The funds listed under this Prospectus are managed by Public Mutual. Call our Hotline: 03-6207 5000 for direct access to Customer Service and Mutual Gold.

5 3.032 3.5 1.201 0.102 0.5 4.822 0.738 1.447 1.635 0.5 3.302 0.369 0.844 0.666 0.569 0.5 3.693 9.368 0.330 0.0 1.011 1.519 0.465 2.085 5.0 1.259 0.018 0.493 0.0 3.059 1.308 0.0 6.552 0.335 1.643 2.283 0.9 1.5 9.079 1.948 1.5 176 .187 0.325 1.396 0.457 2.044 N/A 0.7 5.5 1.195 2.685 2.5 6.643 0.188 0.09 (RM Billion) (Billion Units) 0.388 0.371 0.375 7.5 1.996 0.4.152 0.09 1.5 1.115 0.623 0.618 3.582 0.047 0.85 3.0 7.8 1.338 0.243 0.0 1.454 1.25 2.201 2.338 0.651 1.5 1.5 15.25 1.0 1.640 0.5 2.118 0.0 3.THE MANAGER (CONT’D) 9.172 N/A 0.706 0.0 1.5 0.412 4.5 7.5 1.285 0.125 0.0 1.5 1.5 2.8 0.049 0.253 0.148 0.682 1.5 1.5 0.085 0.5 2.477 0.0 3.732 0.4.0 1.286 0.224 1.389 0.108 0.269 0.0 0.824 0.458 1.126 0.097 0.290 0.384 0.943 1.0 3.420 2.0 5.047 0.726 1.113 0.508 0.5 3.996 5.476 0.658 0.422 0.3 UNIT TRUST FUNDS UNDER PUBLIC MUTUAL Public Mutual manages 68 unit trust funds spread over various fund categories as shown below: Category of Fund Approved Size of Fund (Billion Units) Net Asset Units in Value Circulation as at as at 1.045 Public Series of Funds Public Savings Fund Public Growth Fund Public Index Fund Public Industry Fund Public Aggressive Growth Fund Public Regular Savings Fund Public SmallCap Fund Public Equity Fund Public Focus Select Fund Public Dividend Select Fund Public Far-East Select Fund Public Regional Sector Fund Public Global Select Fund Public Far-East Dividend Fund Public China Select Fund Public Far-East Property & Resorts Fund Public South-East Asia Select Fund Public Sector Select Fund Public Far-East Consumer Themes Fund Public China Titans Fund Public Far-East Telco & Infrastructure Fund Public Select Alpha-30 Fund Public Balanced Fund Public Far-East Balanced Fund Public Global Balanced Fund Public Bond Fund Public Institutional Bond Fund Public Enhanced Bond Fund Public Select Bond Fund Public Money Market Fund Public Series of Shariah-Based Funds Public Ittikal Fund Public Islamic Equity Fund Public Islamic Opportunities Fund Public Islamic Dividend Fund Public Asia Ittikal Fund Public Islamic Asia Dividend Fund Public Islamic Sector Select Fund Public China Ittikal Fund Public Islamic Select Treasures Fund Public Islamic Optimal Growth Fund Public Islamic Select Enterprises Fund Public Islamic Balanced Fund Public Islamic Asia Balanced Fund Public Islamic Bond Fund Public Islamic Enhanced Bond Fund Public Islamic Select Bond Fund Equity Equity Equity Equity Equity Equity Equity Equity Equity Equity Equity Equity Equity Equity Equity Equity Equity Equity Equity Equity Equity Equity Balanced Balanced Balanced Bond Bond Bond Bond Money Market Equity Equity Equity Equity Equity Equity Equity Equity Equity Equity Equity Balanced Balanced Bond Bond Bond 1.

589 0.THE MANAGER (CONT’D) Category of Fund Approved Size of Fund (Billion Units) Net Asset Units in Value Circulation as at as at 1.505 0.095 0.050 0.504 0.223 0.005 0.0 0.0 2.014 84.213 0.115 0.058 0.049 Money Market Money Market Fixed Income Fixed Income Fixed Income 2.0 2.015 24.161 0.006 0.016 0.164 0.113 0.3 0.3 0.218 0.0 0.197 0.208 0.201 0.154 0.223 0.5 0.700 177 .3 0.235 1.038 0.060 0.0 1.135 0.6 2.071 0.056 1.173 0.175 0.3 2.25 1.25 2.436 1.2 172.5 0.305 1.09 1.513 3.103 0.0 2.5 1.5 5.094 0.017 0.006 0.5 1.4.425 1.054 0.4.537 0.395 0.0 0.522 0.0 1.038 0.0 2.006 0.09 (RM Billion) (Billion Units) Public Series of Shariah-Based Funds (cont’d) Public Islamic Income Fund Public Islamic Money Market Fund PB Series of Funds PB Growth Fund PB Asia Equity Fund PB Islamic Equity Fund (Shariah-based) PB Islamic Asia Equity Fund (Shariah-based) PB ASEAN Dividend Fund PB Euro Pacific Equity Fund PB Islamic Asia Strategic Sector Fund (Shariah-based) PB China Pacific Equity Fund PB China ASEAN Equity Fund PB Balanced Fund PB Asia Real Estate Income Fund PB Fixed Income Fund PB Islamic Bond Fund (Shariah-based) PB Cash Management Fund PB Islamic Cash Management Fund (Shariah-based) Wholesale Funds PB Cash Plus Fund PB Islamic Cash Plus Fund (Shariah-based) Capital Protected Funds Public Capital Protected Select Portfolio Fund PB Capital Protected Dragon Fund PB Capital Protected Resources Fund TOTAL Fixed Income Money Market Equity Equity Equity Equity Equity Equity Equity Equity Equity Balanced Balanced Bond Bond Money Market Money Market 0.

and to provide customer support and distribution agency networks to best serve the unitholders of the scheme.960 2008 RM’000 6.880 130. the following:• • • • • to ensure that a unit trust scheme is managed within the ambit of the Deed. and is not aware of any proceedings.. but is not limited to. pending or threatened or of any facts likely to give rise to any proceedings which might materially and adversely affect its business or financial position.000 39. the Securities Laws and the relevant guidelines at all times. 178 .367 As at 1 April 2009. finance and treasury operations.142 182.012 97.288 69.g. and practise high standards of regulatory and operational compliance in keeping with the fiduciary duties and responsibilities. compliance. The department.000 48. the Manager is not engaged in any material litigation and arbitration.THE MANAGER (CONT’D) 9.Internal Audit and Compliance En. The profile of the designated person responsible for compliance matters is as set out below: Senior Manager . Jaafar. is a Certified Internal Auditor and chartered member of the Institute of Internal Auditors Malaysia. duties and responsibilities of the Manager include. comply. 9.530 539. He first joined Public Mutual as the Internal Audit Manager and assumed his present post in 2004. any application to the Securities Commission e. either as plaintiff or defendant. the CMSA 2007. DUTIES AND RESPONSIBILITIES OF THE MANAGER The Manager of a unit trust scheme pools together the collective investments of unitholders and professionally invests the monies within prescribed limits. restrictions and guidelines to meet the objective of the unit trust scheme. The fund management function of funds under the management of Public Mutual is carried out internally by Public Mutual. 9.000 34.811 2007 RM’000 6. is responsible for ensuring that Public Mutual and its unit trust schemes observe.4 FUNCTIONS. He holds a BA (Hons) degree in Accounting and Management Control from Sheffield Hallam University.5 COMPLIANCE UNIT The Internal Audit and Compliance Department in Public Mutual maintains strict oversight of the compliance practices within each unit trust scheme and also that of the Manager in order to ensure compliance with the stringent requirements of the CMSA 2007 and Guidelines on Unit Trust Funds.109 370. to ensure that the interest of the unitholders is best served and protected at all times.289 893. He has more than fifteen years working experience in audit. the success in the launch and sales of any unit trust scheme. the renewal of the Prospectus etc. UK and a Master in Business Administration from International Islamic University Malaysia.6 FINANCIAL PERFORMANCE OF PUBLIC MUTUAL The following is a summary of the past performance of Public Mutual based on the audited financial statements for the past three (3) financial years ended 31 December: 2006 RM’000 Paid-Up Capital Shareholders’ Funds Turnover Pretax Profit Profit After Tax 6. to keep the unitholders informed of the management and performance of the unit trust scheme through the interim and annual reports. The general functions. Abdul Samad B. The Manager is under a fiduciary duty to act in good faith and to avoid advancing a conflicting interest and to exercise due care and diligence when managing the monies of a unitholder and when making any investments for the unit trust scheme. He joined Public Mutual in 1998. to increase the size of the unit trust scheme.752 183.325 155. thus.

Non Independent Director Dato’ (Dr) Mohamed Ishak Bin Haji Mohamed Ariff . Tan Sri Dato’ Sri Dr. The profiles of the Directors are set out below. Dedication and Industry 2006 Asia’s Banker of High Distinction Award 2006 The BrandLaureate Brand Personality Award 2007 ASEAN Most Astute Banker Award 2007 Lifetime Entrepreneurship Achievement Award 2007 The Pila Recognition Award 2007 Asian Banker Par Excellence 2008 Award Tan Sri Dato’ Sri Dr. he was conferred the Doctor of Laws (Honorary) from University of Malaya in 1989. Teh Hong Piow is a Director of Public Mutual since September 2006.THE MANAGER (CONT’D) 9. He began his banking career in 1950 and has 59 years experience in the banking and finance industry. Awards and accolades that he had received include: • • • • • • • • • • • • • • • • Asia’s Commercial Banker of the Year 1991 The ASEAN Businessman of the Year 1994 Malaysia’s Business Achiever of the Year 1997 Malaysia’s CEO of the Year 1998 Best CEO in Malaysia 2004 The Most PR Savvy CEO 2004 The Asian Banker Leadership Achievement Award 2005 for Malaysia Award for Outstanding Contribution to the Development of Financial Services in Asia 2006 Lifetime Achievement Award 2006 Award for Lifetime Achievement in Corporate Excellence. He was re-designated as Chairman of Public Bank and Chairman of Public Bank Group with effect from 1 July 2002. He was appointed as a Director of Public Bank on 30 December 1965 and had been the Chief Executive Officer of the Public Bank Group since its inception in December 1965. Board Members Tan Sri Dato’ Sri Dr. Teh Hong Piow was conferred the Recognition Award 2007 by the National Bank of Cambodia in appreciation of his excellent achievement and significant contribution to the banking industry in Cambodia. Tan Sri Dato’ Sri Dr.7 THE BOARD OF DIRECTORS Responsibility of the Board The Board of Directors meets monthly. Teh Hong Piow was awarded the Medal ‘For the Course of Vietnamese Banking’ by the State Bank of Vietnam in 2002 for his contributions to the Vietnamese banking industry over the past years. In recognition of his contributions to society and the economy. He founded Public Bank in 1965 at the age of 35. 179 .Independent Director Ms Yeoh Kim Hong – Chief Executive Officer / Executive Director Director (Chairman) – Non Independent Tan Sri Dato’ Sri Dr. Teh Hong Piow had won both domestic and international acclaim for his outstanding achievements as a banker and the Chief Executive Officer of a leading financial services group.Non Independent Director (Chairman) Tan Sri Dato’ Thong Yaw Hong .Independent Director Dato’ Haji Abdul Aziz Bin Omar .Non Independent Director Dato’ Lee Kong Lam . The detailed day-to-day running of the Company is left largely with the management of Public Mutual. Teh Hong Piow . and is involved in determining the corporate policies and direction of the Company. of which three are Independent Directors.Independent Director (Co-Chairman) Tan Sri Dato’ Sri Tay Ah Lek . There are seven members on the Board.

United Kingdom and attended the Advanced Management Program at Harvard Business School. He joined Public Bank in November 1996 as General Manager and was subsequently appointed Senior General Manager in 1997 and Executive Vice-President in 1998. Tan Sri Dato’ Thong Yaw Hong is a Distinguished Fellow of the Institute of Strategic and International Studies (ISIS) Malaysia and is also a Fellow of the Institute of Bankers Malaysia. He has 41 years experience in the banking and finance industry. the Institute of Chartered Secretaries and Administrators. the Institute of Administrative Management. He joined the Public Bank Group as a pioneer staff in 1966. He is a Fellow of the Financial Services Institute of Australasia. and is a member of the IPRM Accreditation Privy Council. among others. He was appointed as a Director of Public Bank on 23 June 1986 and was made its Chairman in October 1986. primarily in the fields of socio-economic development planning and finance. he was the Executive Vice President of the former Public Finance Bhd. a Fellow of the Chartered Institute of Bankers. he was with Bank Negara Malaysia (BNM) and was involved primarily in the supervision and examination of banking institutions. He retired in August 1996 as the Head of BNM’s Examination Department and as a member of BNM’s Management Committee. He graduated with a Bachelor of Arts (Hons) degree in Economics from University of Malaya and a Master’s degree in Public Administration from Harvard University. He has had a distinguished career with the Government of Malaysia. He holds a Master’s degree in Business Administration from Henley. he was a member of the Malaysian Business Council from 1991 to 1993. Independent Director (Co-Chairman) Tan Sri Dato’ Thong Yaw Hong is a Director of Public Mutual since September 2006. Ministry of Finance from 1979 until his retirement in 1986. a member of the National Trust Fund from 1988 to 2001. He was the Executive Vice President of Public Bank from 1995 to 1997 and prior to this appointment. the Chartered Institute of Bankers.THE MANAGER (CONT’D) He had served in various capacities in public service bodies in Malaysia. He had served in the Economic Planning Unit in the Prime Minister’s Department since 1957 and became its Director-General from 1971 to 1978 and served as Secretary-General. He has 48 years experience in the banking and finance industry. He is presently the Chairman of the Association of Finance Companies of Malaysia and the Association of Hire Purchase Companies Malaysia. In September 2006. He was re-designated as Co-Chairman of Public Bank with effect from 1 July 2002. Tun Razak Foundation and the Malaysian Institute of Economic Research. Australia and the Malaysian Institute of Management. he was conferred the Doctor of Economics (Honorary) from University Putra Malaysia. Prior to joining Public Bank. United Kingdom. He attended the Advanced Management Program at Harvard Business School. 180 . Director – Non Independent Dato’ Lee Kong Lam is a Director of Public Mutual since July 1999. He was appointed as an Executive Director of Public Bank on 28 November 2001. In June 1998. the Institute of Bankers Malaysia and the Malaysian Institute of Management. Director – Non Independent Tan Sri Dato’ Sri Tay Ah Lek is a Director of Public Mutual since August 1995. United Kingdom. he was appointed a Pro-Chancellor of University Putra Malaysia from which he had retired in end June 2006. He is a Fellow of the Certified Practising Accountants of Australia. He is a Member of the National Payments Advisory Board. Tan Sri Dato’ Thong Yaw Hong also serves as member on the Boards of Trustees of Program Pertukaran Fellowship Perdana Menteri Malaysia. He is a member of the Economic Council and is also a Senior Member of the Working Group of the Executive Committee for the Economic Council and National Implementation Task Force (NITF). He is a Fellow of several institutes which include the Institute of Bankers Malaysia. He was appointed as an Executive Director of Public Bank on 18 June 1997 and was re-designated as Managing Director/Chief Executive Officer with effect from 1 July 2002. a founder member of the Advisory Business Council since 2003. United Kingdom and a Chartered Accountant of the Malaysian Institute of Accountants.

Investment in 2007. Dato’ Haji Abdul Aziz sits as an Independent Non-Executive Director on the Boards of Directors of Public Bank. He was honoured by the University of Newcastle-Upon-Tyne. He is an Independent Non-Executive Director of Public Bank. 181 . During his previous banking experiences. information technology. Chief Executive Officer / Executive Director – Non Independent Ms. LPI Capital Bhd and Lonpac Insurance Bhd. He is also a member of the Board of Directors of Galeri Shah Alam and MIMA Holdings Enterprise Sdn. PB Trustee Services Berhad. Bhd. In 2004. He is a Fellow of the Royal Town Planning Institute London. is a member of the Malaysian Association of Certified Public Accountants and a Chartered Accountant of the Malaysian Institute of Accountants. She has accumulated more than 13 years of experience in the unit trust industry. Yeoh Kim Hong – Please refer to her profile as set out in Section 9. Yeoh joined Public Mutual in 1996 as Senior Manager . CPA. 9. Public Investment Bank Bhd and Public Islamic Bank Bhd. food manufacturing and expressway management. CFP. both locally and in the United States. Yeoh assumed her position as Chief Executive Officer of Public Mutual in July 2007. Public Islamic Bank Bhd. Yeoh was with an international public accounting firm for more than 12 years during which she gained exposures in auditing and management consultancy and advisory. he is the Co-Chairman of the Audit Committee. Public Investment Bank Bhd. Over the years and through his involvement as a Director of several public listed companies.Finance and was promoted to General Manager . Ms. property and housing development. He is a qualified Professional Chartered Town Planner and a Professional Landscape Architect from the University of Newcastle-Upon-Tyne. trading and manufacturing.7 (page 181) of this Chapter. he became a Fellow of the Institute of Bankers Malaysia. He qualified as a Chartered Accountant from the Institute of Chartered Accountants in England & Wales. finance. In addition. and Fellow of Institute of Landscape Architects Malaysia.8 PROFILE OF KEY MANAGEMENT STAFF Chief Executive Officer / Executive Director Ms. Yeoh Kim Hong. England with the Honorary Degree of Doctor in Civil Law in May 1993. Lum Ming Jang. hotel management. holds an honours degree in Accountancy from the National University of Singapore and is a Chartered Financial Analyst. Risk Management Committee and Credit Risk Management Committee of Public Bank and also Co-Chairman of Audit Committee of Public Investment Bank Bhd. He had served in various State and Federal Governments before retiring in 1993. CA(M). customer administration and services. product research and development and other areas of operations of the company. She is currently a council member of the FMUTM and a board member of the Financial Planning Association of Malaysia (FPAM). taxation.Investment Mr. Fellow of Malaysian Institute of Planners. she was promoted to the position of Senior General Manager and was involved in the strategic planning of marketing and sales of unit trusts. His other past experiences had been in the areas of audit and accounting.THE MANAGER (CONT’D) Independent Director Dato’ (Dr) Mohamed Ishak Bin Haji Mohamed Ariff is a Director of Public Mutual since December 1993.Finance & Operations in 1999. Dato’ Mohamed Ishak is the Chairman of Yee Lee Corporation Berhad. Ms. Senior General Manager . and is also a Chartered Accountant of the Malaysian Institute of Accountants. Prior to joining Public Mutual. Ms. plantation. England. he has accumulated vast experiences in various sectors namely. He was a member of the Advisory Board of the City of Kuala Lumpur (Dewan Bandaraya Kuala Lumpur) until December 2004. hotelling. property. He was promoted to General Manager – Investment in 2004 and subsequently Senior General Manager . Independent Director Dato’ Haji Abdul Aziz Bin Omar is a Director of Public Mutual since December 1993. He joined Public Mutual in 2001 as Senior Manager – Investment Research and assumed the position of Senior Manager – Fund Management and co-designated fund manager of various funds in 2003.

Hang is responsible for the overall fundholder administration and the management of customer transactions and records. She has more than 20 years experience in the various aspects of unit trust management.Sc. is a member of the Institute of Administrative Management. Prior to joining Public Mutual. ChFC. USA. He is responsible for Public Mutual’s information technology strategies and operations. he was with a leading insurance company involved in the marketing of insurance products and agency development. He joined Public Mutual in 2000. computation of stock valuations and financial analysis of listed companies on the Bursa Securities. overseeing their investment research functions and institutional sales. He is a Chartered Financial Consultant from The American College. she is in charge of Customer Service and Mutual Gold for Public Mutual. He was promoted to Deputy Senior Manager in 1996 and subsequently Senior Manager . project management. M. Lum has served as a co-fund manager of selected trust funds managed by Public Mutual since 2003 before assuming the position of General Manager – Investment in 2004 and subsequently Senior General Manager . Tan was promoted to Senior Manager. and financial planning products and services. (Hons) Degree in Actuarial Science from University of Kent. Mr. market research. Investment and assumed the position of co-fund manager of various equity and bond funds. Tan has gained experience in managing equity portfolios being involved in all aspects of the work ranging from performing stock analyses and investment valuations to making strategic asset allocation decisions. In early 2000. Alex joined Public Mutual in 1996. a Certified Financial Planner licensee of the Financial Planning Standards Board Ltd. Tan possesses a wide knowledge base which includes software design & development. he was a Chief Technical Officer of a MSC status company specialising in E-commerce solutions. General Manager . website-marketing. General Manager – Agency Operations Mr. he was promoted to Manager. Richard Tan Koon Eam. Ms.. General Manager – Investment Mr. Alex is a member of the Board of Governors for FPAM (Financial Planning Association Malaysia) and a member of the AMA (American Marketing Association). Alex Sito Kok Chau. He is also familiar with analysis of financial and economic trends which affect stockmarket movements.Information Technology Mr. advertising & promotions.Investment in 2007. Lee Kean Gie. holds a diploma in Computer Science and has over 20 years experience in the information technology sector. He has also contributed significantly to the development of bond management capabilities within the in-house developed portfolio management system. General Manager – Customer Administration & Service Ms. In addition. Mr. Prior to joining Public Mutual.THE MANAGER (CONT’D) Mr. Alex has 8 years of experience distributing unit trust and insurance products in the USA. In managing the bond portfolios. AInstAM. has accumulated 20 years of experience in the unit trust industry. where he helped developed a successful distribution channel for a large commercial bank. Hang Siew Eng.Marketing & Financial Planning Mr. Mr. 182 . Canterbury.Investment in 2007. graduated with an honours degree in Economics and Chinese Studies from the University of Malaya. Tan Yan Heong. He assumed the position of Deputy General Manager. She joined Public Mutual in 1980 and was appointed as General Manager. Customer Administration and Service in 2007. He currently oversees areas relating to nationwide agency development and monitoring performance of branches network. consultancy and web-based application development. he is experienced in performing credit analysis and cash flow discounting as well as overseeing the day-to-day money management tasks. ChFC. Investment and designated fund manager of selected funds in 2004. England. and holds a Master’s Degree in Marketing from the University of Newcastle. CFP. Lum’s investment research experience include assessing corporate earnings growth prospects. He is responsible for Public Mutual’s marketing & events.Sales and Training in 1999. Prior to joining Public Mutual. Lum has more than 20 years of experience in investment research and stock broking. USA. CFP. He joined Public Mutual in early 1994 as an Investment Analyst and has since accumulated more than 15 years of working experience in investment research and management. Mr. Lum held management positions at various established local and foreign stock broking houses. Mr. Australia. He joined Public Mutual as Sales Manager in 1994. holds a B. Investment in 2005 and subsequently General Manager .MKTG. He was appointed as General Manager – Sales & Training in 2004 and re-designated as General Manager – Agency Operations in 2006. On the fund management side. evaluating management track record. Mr. General Manager .

9 PROFILE OF KEY INVESTMENT PERSONNEL Senior General Manager . Equities Section Mr. Tang Pueh Fong. Ms. Lum’s profile is set out in Section 9. Public Select Bond Fund. From 2006 onwards. Mr. Mr. Public Global Select Fund. Mr. Ms. He was promoted to the position of Assistant General Manager in 2008. Ms. Tang was a director with an international public accounting firm for more than fifteen years during which she gained extensive knowledge and experience in auditing and business process advisory services with specialisation in fund management operations. Public Global Balanced Fund. He was promoted to the position of Senior Portfolio Manager – Investment. Mr. Assistant General Manager – Investment.Investment Mr. Evelyn Chu Swee Yin. funds accounts. PB Islamic Equity Fund and PB Euro Pacific Equity Fund and co-fund manager of Public Enhanced Bond Fund. Public Far-East Telco & Infrastructure Fund. Chiang Kang Pey . administration and properties management and secretariat of the company. Tang joined Public Mutual as Deputy General Manager – Finance & Operations on 1 July 2007. Public Islamic Dividend Fund. Public Global Balanced Fund. Mr. Public China Titans Fund. PB Capital Protected Dragon Fund and PB Capital Protected Resources Fund. Tan obtained his Capital Markets Services Representative’s license on 31 December 2004. Public Balanced Fund. Public Islamic Equity Fund. Public Islamic Asia Dividend Fund. PB ASEAN Dividend Fund. Chiang holds a Master of Financial Management (Dean’s Honours List) degree from the Rotterdam School of Management. Public South-East Asia Select Fund. Lum Ming Jang – Designated fund manager of Public Bond Fund. Evelyn is responsible for Public Mutual’s agency development and training operations.8 (page 182) of this Chapter. PB Asia Real Estate Income Fund. Public Islamic Bond Fund. Mr.Designated fund manager of Public Index Fund. Public Industry Fund. Public Ittikal Fund. PB Asia Equity Fund. PB China ASEAN Equity Fund. PB Growth Fund. Public Far-East Property and Resorts Fund. is a member of the Malaysian Institute of Certified Public Accountants and a Chartered Accountant of the Malaysian Institute of Accountants. CA(M). Public China Select Fund and PB China Pacific Equity Fund. In this capacity. Equities Section in 2005 and assumed the position of co-fund manager of various equity funds. Ms. monitors and rebalances the equity portfolios to achieve the stated objective of the respective funds. Public Sector Select Fund. he actively constructs. PB Balanced Fund.8 (page 181) of this Chapter. Deputy General Manager – Finance & Operations Ms. securities. 9. Public Islamic Optimal Growth Fund. General Manager – Investment Mr. product development. Public Capital Protected Select Portfolio Fund. Public Global Select Fund. Chiang obtained his Capital Markets Services Representative’s license on 8 February 2005. Public Islamic Balanced Fund. Public SmallCap Fund. She subsequently headed the training and financial planning operations of an agency based unit trust management company. Public Islamic Sector Select Fund. Public Asia Ittikal Fund. Prior to joining Public Mutual. Equities Section where he was involved in managing selected equity funds. graduated with an honours degree in Food Science & Nutrition from University Kebangsaan Malaysia. agency development and financial planning.THE MANAGER (CONT’D) Deputy General Manager – Agency Development & Training Ms. CPA. business process re-engineering. Erasmus University in the Netherlands and a Bachelor of Economics in Accounting from Monash University in Australia. Mr. Public Equity Fund. Tan’s profile is set out in Section 9. CFP.Designated fund manager of Public Growth Fund. She is a Certified Financial Planner licensee and Neuro-Linguistic Programming (NLP) practitioner with more than 16 years of agency training and development exposure in both the insurance and unit trust industries. Public Select Alpha-30 Fund and PB China Pacific Equity Fund. Public Far-East Select Fund. Lum obtained his Capital Markets Services Representative’s license on 31 December 2004. He is a CFA charterholder and has over 11 years of experience in investment analysis and portfolio management. Public Far-East Dividend Fund. Public Far-East Consumer Themes Fund. Prior to joining Public Mutual. 183 . Tan Yan Heong .Chiang was appointed as the designated fund manager of selected equity funds. Public China Ittikal Fund. Public Regional Sector Fund. she was with a multi-national insurance company and was involved in training. Public China Select Fund. Public Regular Savings Fund. Public Aggressive Growth Fund. Chiang joined Public Mutual in 2004 as Manager – Investment Research and was subsequently re-designated as Manager – Investment. Mr. Tang is responsible for the day to day operations of finance.

Chan Kam Khoon – Mr. Public China Titans Fund.Investment. PB Cash Plus Fund. Public Dividend Select Fund and Public Far-East Balanced Fund and co-fund manager of Public Far-East Dividend Fund. Mr. PB Islamic Cash Management Fund and PB Islamic Cash Plus Fund and cofund manager of Public Bond Fund. Chan assumed the position of Senior Manager – Investment in Public Mutual. jointly managing Asia Pacific (ex-Japan) portfolios where he specialised in Malaysian and Thailand equities. he was transferred to Public Finance Bhd and assumed the position of Head of Money Market Department. joined the investment department of a life insurance company. Investment Research. PB Fixed Income Fund. Public Money Market Fund. In 2004. Public Far-East Consumer Themes Fund. he was assigned to assist the fund managers in the cash management operations of the funds. both in private debt securities and Malaysian government securities. She was made Deputy Manager . In 2002. Through his 15 years of involvement in fixed income management. Senior Portfolio Manager – Investment. Senior Portfolio Manager – Investment.Designated fund manager of Public Savings Fund. PB Cash Management Fund. En.THE MANAGER (CONT’D) Mr.Investment. he became Head of the Swap Desk and also managed the Asian Currency Unit desk of the bank. PB Islamic Bond Fund. In 1990. Zaharudin obtained his Capital Markets Services Representative’s license on 12 September 2005. Public Islamic Money Market Fund. Chan joined Public Bank in 1974 and has more than 30 years of banking experience. he was attached to an asset management company initially as Assistant Fund Manager responsible for analysing and valuing listed companies. Tan has over 10 years experience in the Malaysian equity market. In late 1992. She joined Public Mutual in 2003 as Assistant Manager. She was an investment analyst for an established local stockbroking house for a period of time before moving on to the asset management industry. Public Islamic Enhanced Bond Fund. Assistant General Manager – Investment. holds a Bachelor in Library Science from Universiti Teknologi MARA. In 1985. Chan obtained his Capital Markets Services Representative’s license on 8 February 2005. He was mainly involved in various aspects of Treasury activities involving foreign exchange trading. He was promoted to Assistant General Manager in 2005. Public Focus Select Fund. Public FarEast Property and Resorts Fund. Equities Section in 2008. Tan Chee Chin . Zaharudin bin Ghazali – Designated fund manager of Public Institutional Bond Fund. Public Islamic Bond Fund and Public Select Bond Fund. Prior to joining Public Mutual. Ms. Ms. Apart from this. Equities Section and designated co-fund manager of selected funds managed by Public Mutual in 2005. swaps and other derivative products. Public Islamic Select Bond Fund. he has contributed to the development and advancement of operations and system capabilities of the Investment Department. Tan graduated with a Bachelor of Commerce (Hons) in Accounting and Finance from the University of Western Australia and is a CFA charterholder.Investment. CFP. Ms. PB Balanced Fund and PB Asia Real Estate Income Fund. Tan obtained her Capital Markets Services Representative’s license on 8 February 2005. He was later made Fund Manager. Mr. Mr. Fixed Income Section in 2004 and later promoted to Senior Portfolio Manager – Investment. Fixed Income Section in 2006. He joined Public Mutual in early 1991 as an Executive in the Investment Department. he was also an active member of the Public Finance Management team where he assisted in formulating the various funding policies of the company. He was subsequently re-designated as Manager – Investment. En. En. His functions include the optimum utilisation of funds available and he also led a team into active bond trading activities. Chan was transferred back to Public Bank to head the Funding and Fixed Income Sections of the Treasury Division. Zaharudin. Equities Section Ms. Zaharudin was promoted to Assistant Manager – Investment in 1997 and later to Manager – Fixed Income Management in 2001. Fixed Income Section En. Public Islamic Income Fund. Ms Tan previously worked in a foreign financial institution with a global presence before embarking into a career in the financial markets. Ms. overseeing the Fixed Income Section of the Investment Department. Fixed Income Section Mr. Chiang commenced his investment career in 1995 as an equity analyst at a stockbroking firm and subsequently. 184 . Tan assumed her position of Portfolio Manager . Public Enhanced Bond Fund. Equities Section in 2006 and Senior Portfolio Manager .

Mat Radzuan holds a Bachelor of Science Degree in Actuarial Science and Finance from Roosevelt University. Ms. She is a CFA charterholder. PB Fixed Income Fund. Public Islamic Asia Balanced Fund. PB Capital Protected Dragon Fund and PB Capital Protected Resources Fund. She joined Public Mutual in 2004 as Assistant Manager-Investment. Public Islamic Income Fund. stock broking and futures broking companies. Her fund management experience includes setting the investment strategy for the assets under management and management of equity and fixed income portfolios. He is a CFA charterholder and a member of the CFA Institute and CFA Malaysia. Equities Section Ms. Public Regional Sector Fund. Public Islamic Asia Dividend Fund. En. Prior to joining Public Mutual. Equities Section in 2006. Fixed Income Section Cik Haniza binti Yang Razali .Designated co-fund manager of Public Regular Savings Fund. Public Islamic Enhanced Bond Fund. Chen was attached to a local asset management company as a Fund Manager. PB Islamic Bond Fund. Portfolio Manager – Investment. Fixed Income Section in 2006. Cik Haniza was attached to an investment advisory company and was involved in providing portfolio management and investment services. Lum Peck Woon . Public Islamic Equity Fund. She was also previously attached to a local unit trust management company as a designated fund manager and was responsible for the portfolio management and asset allocation decisions for bond and Islamic equity funds. He joined Public Mutual Berhad in 2004 as Assistant Manager – Investment. Public Equity Fund. En. Public Islamic Dividend Fund. Equities Section in 2008. Chen obtained her Capital Markets Services Representative’s license on 19 October 2005. Chen was also previously an investment analyst for a local stock broking house and her investment research experience includes assessing corporate earnings growth prospects. Public Far-East Select Fund. Equities Section and was subsequently made co-fund manager of selected funds managed by Public Mutual in 2005. Fixed Income Section and assumed her present capacity as cofund manager in 2005. Cik Haniza holds a Masters in Business Administration majoring in Finance from International Islamic University Malaysia (IIUM) and BA (Hons) in Accounting & Finance from SouthBank University. Investment and assumed her present position of Portfolio Manager – Investment. Public Capital Protected Select Portfolio Fund. Equities Section in 2006 and Senior Portfolio Manager – Investment. Public Islamic Select Treasures Fund. PB Islamic Asia Strategic Sector Fund and PB Islamic Asia Equity Fund and co-fund manager of Public Ittikal Fund. Public Islamic Select Enterprises Fund. Mat Radzuan has more than 10 years of experience in the Malaysian equity market. Prior to joining Public Mutual. Portfolio Manager – Investment.THE MANAGER (CONT’D) Senior Portfolio Manager – Investment.Designated co-fund manager of Public Institutional Bond Fund. Public Far-East Telco & Infrastructure Fund and PB ASEAN Dividend Fund. PB Cash Plus Fund and PB Islamic Cash Plus Fund. Ms. Public Islamic Sector Select Fund and Public China Ittikal Fund. Public South-East Asia Select Fund. computation of stock valuations and financial analysis of listed companies. En. Mat Radzuan obtained his Capital Markets Services Representative’s license on 8 February 2005. Ms. London. 185 . Chen graduated with a Bachelor of Economics from the University of Malaya. PB Asia Equity Fund. Mat Radzuan assumed his position of Portfolio Manager . Mat Radzuan had worked with various companies including asset management. She also has experience in developing procedures and internal guidelines and monitoring of trading activities to ensure compliance with stipulated procedures and regulations. Public Aggressive Growth Fund. PB China ASEAN Equity Fund. insurance. Equities Section Ms. Ms.Investment. Portfolio Manager – Investment. Chen Yuet Fong . USA. Equities Section En. She joined Public Mutual in 2005 as Assistant Manager.Designated fund manager of Public Islamic Opportunities Fund. Public Islamic Select Bond Fund. Prior to joining Public Mutual. Ms. Mat Radzuan bin Abd Razak . Lum obtained her Capital Markets Services Representative’s license on 15 January 2007. En.Designated co-fund manager of Public Growth Fund. Cik Haniza obtained her Capital Markets Services Representative’s license on 8 February 2005. En. She was re-designated as Portfolio Manager – Investment. Public Asia Ittikal Fund.

In 2004. Shahnaz holds a Bachelor of Accountancy (Hons) from Universiti Teknologi MARA and is an affiliate of The Association of Chartered Certified Accountants (ACCA). Mr. his responsibilities were widened to include analysis of domestic and regional telecommunications stocks. Equities Section Mr. Equities Section in 2008. United Kingdom. computation of stock valuations and financial analysis of listed companies on the Bursa Securities. Lum was attached to a local investment management company as an Assistant Manager in Investment. Equities Section Mr. Loo graduated with a Bachelor of Economics from the University of Putra. Mr. Mr. responsible for equity research in the Malaysian capital market. Public Focus Select Fund. Lum obtained his Capital Markets Services Representative’s license on 25 October 2008. Portfolio Manager – Investment. His fund management experience include formulating investment strategy and management of equity and fixed income portfolios.Designated co-fund manager of Public Islamic Balanced Fund. Lum was also previously an investment analyst for a local venture capital company and her investment research experience includes assessing corporate earnings growth prospects and financial analysis of listed and unlisted companies. Liew Mun Hon – Designated co-fund manager of Public Index Fund. Mr. Prior to joining Public Mutual. Ms. Equities Section En. Public Islamic Optimal Growth Fund and PB Islamic Equity Fund. Equities Section. Investment.THE MANAGER (CONT’D) Ms. Lum holds an honours degree in Accounting and Financial Management and Economics from the University of Sheffield. Portfolio Manager – Investment. Liew obtained his Capital Market Services Representative’s license on 7 November 2008. Public Dividend Select Fund and Public Far-East Balanced Fund. Mr. England. His investment research experience include assessing corporate earnings growth prospects. responsible for assisting in management of equity and fixed income portfolios. He was subsequently promoted to Assistant Manager – Investment in 2005 and his stock coverage was expanded. En. Lum has more than eight years of experience in the Malaysia equity and fixed income markets. Lum Meng Seng – Designated co-fund manager of Public Savings Fund. He was assigned to supervise the generation of statistics reports on stock valuation. Ms. Portfolio Manager – Investment. He started off in the asset management company as an investment analyst. 186 . He started off his career as an investment analyst in an asset management company in 2000. She joined Public Mutual in 2005 as Senior Analyst. PB Growth Fund and PB Euro Pacific Equity Fund. He joined Public Mutual in 2001 as an Executive in the Investment Department. Public Industry Fund. Equities Section in 2007 and assumed her present position as Deputy Manager – Investment. Portfolio Manager – Investment. Mr. He joined Public Mutual in 2006 as Assistant Manager – Investment. Lum holds a Bachelor of Economics (Hons) from the University of Malaya. Mr. Prior to joining Public Mutual. She is a CFA charterholder. Equities Section in 2008. Public SmallCap Fund and Public Sector Select Fund. Equities Section and was promoted to Deputy Manager – Investment. En. Ms. fund and benchmark returns and fund attribution analysis. Loo See Seong – Designated co-fund manager of Public Balanced Fund. Lum was promoted to Assistant Manager – Investment. evaluating management track record. Equities Section Mr. Lum was attached to a local asset management company as an Assistant Manager in equity investment and was responsible for assisting in portfolio management and equity research. Prior to joining Public Mutual. Loo obtained his Capital Markets Services Representative’s license on 20 January 2008. his job scope was further expanded to include portfolio management. He joined Public Mutual in 2007 as Assistant Manager – Investment. In 2008. En. Shahnaz obtained his Capital Markets Services Representative’s license on 5 October 2006. Shahnaz bin Saiful Mulok . Shahnaz was attached to a local asset management company.

Azahari bin Ariffin holds a Bachelor of Finance (Hons) degree from Universiti Teknologi MARA. he was attached to a local life insurance company as a designated Fund Manager and responsible for the portfolio management and asset allocation decisions for fixed income and equity funds. Mr. Mohd Isa holds a Masters in Business Administration majoring in Applied Finance & Investment from Universiti Kebangsaan Malaysia (UKM) and BBA (Hons) in Finance from Universiti Teknologi MARA. His fund management experience includes setting the investment strategy. Prior to joining Public Mutual. Azahari was attached to a local asset management company where he assisted in the portfolio management and asset allocation decisions for the money market fund. Mohd Isa has more than 8 years of experience in the Malaysian equity and fixed income markets. Equities Section Mr. Andrew Seah Saik Weng – Designated co-fund manager of Public Islamic Opportunities Fund. Mohd Isa obtained his Capital Market Services Representative’s license on 19 September 2008.Designated co-fund manager of Public Money Market Fund. Equities Section En. Mr. Azahari obtained his Capital Market Services Representative’s license on 12 February 2009. where he specialised in Malaysian and Singapore equities. computation of stock valuations and financial analysis of listed companies on Bursa Securities. Azahari bin Ariffin . En. Liew was attached to a foreign insurance company as a Fund Manager. In his previous position. He joined Public Mutual in 2008 as Deputy Manager – Investment. Equities Section. Equities Section in 2008. Public Select Alpha-30 Fund and PB Islamic Asia Strategic Sector Fund. he was also involved in equity research which include assessing corporate earnings growth prospects. majoring in Economics from Universiti Sains Malaysia. Mr. Mr. En. Seah has worked in various local stockbroking companies and a regional research house as an equity analyst before moving on to the fund management industry. En. Public Islamic Money Market Fund. Seah has more than 10 years of experience in the Malaysian equity market. En. Seah was attached to a foreign owned insurance company as a Fund Manager. Fixed Income Section En. Mr. Liew assumed his position of Portfolio Manager – Investment. Portfolio Manager – Investment. He was also attached to a local investment bank where he was responsible for dealing in money market and fixed income instruments of both conventional and Shariah-based markets. Prior to joining Public Mutual. Equities Section and assumed his present position of Portfolio Manager – Investment. constructing and rebalancing various investment mandates to achieve its stated objectives. En. Mr. Fixed Income Section. He joined Public Mutual in December 2007 as Assistant Manager – Investment. Liew has more than 10 years of experience in the Malaysian equity market. En. Mr. Prior to joining Public Mutual. Prior to joining Public Mutual. Public Islamic Asia Balanced Fund and PB Islamic Asia Equity Fund.THE MANAGER (CONT’D) Mr. PB Cash Management Fund and PB Islamic Cash Management Fund. Mohd Isa bin Ibrahim – Designated co-fund manager of Public Islamic Select Enterprises Fund. Seah obtained his Capital Market Services Representative’s license on 25 October 2008. Liew was also previously an Investment Analyst/Fund Manager at a local unit trust and asset management company where he was actively involved in the areas of portfolio management and equity research. Mr. Equities Section in 2008. His experience also involved proposing various investment strategies for the assets under management and liaising with corporate clients on matters related to the fixed income funds. Portfolio Manager – Investment. Seah graduated with a Bachelor of Social Science. He joined Public Mutual in 2008 as Deputy Manager – Investment. Mohd Isa was also previously attached to a local asset management company as a designated Fund Manager for Islamic equity funds as well as responsible in managing money market and fixed income portfolios. Portfolio Manager – Investment. 187 . Investment-Equities Section. Liew holds an honours degree in Business from the Nanyang Technological University of Singapore and is a Chartered Financial Analyst. En. Public Islamic Select Treasures Fund. He joined Public Mutual in August 2008 as Deputy Manager. Mr.

established in 1996. The four awards won by Public Mutual are: Fund Public Ittikal Fund Public Growth Fund Public Bond Fund PB Balanced Fund Category Equity Equity Fixed Income Balanced Category Groupings Islamic Syariah Malaysia Equity Malaysia Ringgit Bond Malaysia Ringgit Balanced On 18 November 2008. On 13 March 2009. In June 2008.THE MANAGER (CONT’D) 9.10 AWARDS WON BY PUBLIC MUTUAL On 15 May 2008. Public Mutual won the Best Islamic Fund Manager in Asia Award by the Failaka Advisors for the second consecutive year. Public Mutual won the Most Outstanding Islamic Fund Manager award for the second consecutive year at the 5th KLIFF (Kuala Lumpur Islamic Finance Forum) Islamic Finance Awards 2008 ceremony. In addition. Public Mutual again emerged as the biggest winner in The Edge-Lipper Malaysia Fund Awards 2009 for the sixth consecutive year. Failaka Advisors. This achievement is a testimony of Public Mutual’s collective dedication and commitment to continuously deliver value to investors. Public Mutual’s Public Islamic Bond Fund won the 2008 Morningstar Fund Award in the Malaysian Ringgit Islamic Bond Category. Group Award Best Overall Group Award Fund Awards PB Growth Fund Public SmallCap Fund PB Balanced Fund Public Islamic Bond Fund Public Bond Fund PB Balanced Fund Years 5 5 5 5 10 10 Category Equity Malaysia Equity Malaysia Small and Mid Caps Mixed Asset Malaysian Ringgit Balanced Bond Malaysian Ringgit . Public Mutual received the Best Overall Group Award and also won 6 best fund awards for the year ended 31 December 2008. is a recognised leader in the field of Islamic funds research. Winning this award reinforces Public Mutual’s position in the Islamic unit trust industry and affirms its commitment to excellence. Public Mutual’s Public Islamic Bond Fund won the Failaka Islamic Fund Awards for 2008 in the Best Malaysian Islamic Bond Fund (5-year) category. On 5 February 2009. The objective of the Morningstar Fund Awards is to recognise funds and fund groups that have added the most value within the context of a relevant peer group for investors over the past one year period. 188 . Public Mutual won the 2008 Asia Asset Management Best of the Best Fund House Award and Best House for Offshore Funds categories.Islamic Bond Malaysian Ringgit Mixed Asset Malaysian Ringgit Balanced On 11 March 2009. Public Mutual emerged as the biggest winner at the Morningstar Asia (Malaysia) 2007 Fund Awards by winning 4 out of 6 awards. On 25 March 2009. the funds must also have delivered strong three-year and five-year risk adjusted returns in order to obtain awards.

189 . The investment methodology that is applied is mainly based on fundamental analysis. Review the foreign portfolio strategies of the funds. Mr. Fixed Income Section. Review the reports on weekly sale and purchase of investments. Additional team members comprising Senior Managers. Mr. Review and approve the portfolio strategies recommended by the Investment Department. Senior General Manager – Investment. please refer to pages 179 to 181.11 INVESTMENT MANAGEMENT FUNCTION OF THE MANAGER Public Mutual’s investment team comprises a group of portfolio managers and investment research analysts who possess the necessary expertise and experience to undertake the fund management of its unit trust funds. The team also includes several Senior Portfolio Managers and Portfolio Managers who are involved in the portfolio management of the various unit trust funds managed by Public Mutual.THE MANAGER (CONT’D) 9. Assistant General Manager – Investment. The Committee meets twice a month and keeps in purview the achievement of the long-term investment objective of the funds. For profiles of the members of the Investment Committee. particularly with regard to reviewing the asset allocation and investment strategies proposed by the Fund Manager and his team. Senior Executives and Executives provide further support in the monitoring of macro-economic variables and developments and financial analysis of various listed companies. He reports directly on the management of the funds to the Chief Executive Officer. Deputy Managers. The detailed functions of the Investment Committee are as follows: • • • • • Review the performance and portfolios of the funds. Equities Section and Mr. Lum Ming Jang. The overall responsibility to oversee and review the portfolio strategies recommended by the Fund Managers rests with the Investment Committee. Fund Management and the Investment Process The investment management of the unit trust funds under the management of Public Mutual is undertaken by the Investment Department which is headed by Mr. Review the performance of the markets and their respective outlook. Assistant Managers. Lum is assisted by Mr. Assistant General Manager – Investment. Investment Committee The Investment Committee oversees the investment process of the funds. General Manager – Investment. Tan Yan Heong. The members of the Investment Committee comprises the Board of Directors of Public Mutual. Chiang Kang Pey. Chan Kam Khoon.

Recommends strategic investment decisions and policies to the Chief Executive Officer for approval. Responsible for providing feedback on the fundamental outlook of the equity and fixed income markets. Oversees and supervises the administration of the Investment Department. Presents economic and stockmarket views at investment seminars for the agency force and unitholders. General Manager – Investment • • • • Assists the Senior General Manager – Investment in overseeing the key portfolio management functions of the Investment Department. Senior General Manager – Investment • • • • • Responsible for the daily portfolio management of the unit trust funds under Public Mutual. Oversees the daily management of the funds.Investment Fixed Income Assistant General Manager Senior Portfolio Manager Portfolio Manager Deputy Manager Assistant Managers Senior Executive Executives Senior Assistants (1) (1) (2) (1) (2) (1) (7) (2) Equities Assistant General Manager Senior Portfolio Managers Senior Managers Portfolio Managers Assistant Managers Senior Executives Executives (1) (2) (2) (8) (2) (9) (33) Key Job Functions of the Investment Department Chief Executive Officer • • • • Responsible for the overall direction and asset allocation of the unit trust funds under Public Mutual. Reviews and monitors the performance of the funds. Evaluates and approves strategic investment decisions and policies recommended by the Senior General Manager .THE MANAGER (CONT’D) Organisation Structure of the Investment Department Investment Committee Chief Executive Officer Senior General Manager . 190 . Assists the Senior General Manager – Investment in overseeing and supervising the administration of the Investment Department.Investment General Manager .Investment. Oversees the information management system of the Investment Department. Responsible in ensuring that the investments of the funds comply with their investment guidelines.

Senior Executives and Executives – Investment • • • Carries out the financial analysis of listed companies and monitors the performance of the economy to facilitate portfolio rebalancing and other investment decisions. Assists in the preparation of investment reports for the investment team and for dissemination to unit trust holders and agents. Fixed Income Section • • • Assists in the daily management of the fixed income portfolios of the funds. Senior Managers. Provides research and market intelligence feedback on the market and stocks. Equities Section • • • Assists the Senior General Manager – Investment in overseeing the key portfolio management functions of the Investment Department. Responsible for providing feedback on the fundamental outlook of the equity markets. The related-party transactions of the funds include: • • • dealings on sale and purchase of investment securities and instruments by the funds. the said committee member or director shall abstain from any decision making relating to that particular share or stock of the fund(s). Manages the daily placement and withdrawal of funds with approved financial institutions. Fixed Income Section • • • • Oversees the key management functions of the fixed income portfolios of the funds. 191 . All related-party transactions of the funds are transacted at arms length and are established on terms and conditions that are stipulated in the applicable regulations of respective stock exchanges and/or other applicable laws and market convention. Employees of the Manager who are directly involved in the investment management of the fund(s) or who have direct and timely access to the daily trades done by the Fund Managers. holding of units in the funds by related parties. Deputy Managers. and the fund(s) invests in that particular share or stock belonging to a public listed company. Senior Portfolio Managers and Portfolio Managers – Investment. Provides feedback on the trading activities in the money markets to facilitate the management of the bond portfolios.12 RELATED PARTY TRANSACTIONS/CONFLICT OF INTEREST All transactions carried out for or on behalf of the funds are executed on terms that are best available to the funds and which are no less favourable than arm’s length transactions between independent parties. Where a conflict of interest arises due to the Investment Committee member or director holding substantial shareholding or directorships of public companies.THE MANAGER (CONT’D) Assistant General Manager – Investment. money market deposits and placements by the funds. Assistant General Manager – Investment. Presents market updates and outlook at investment seminars for the agency force and unitholders. Responsible for providing feedback on the fundamental outlook of the domestic fixed income market. Senior Portfolio Manager and Portfolio Manager – Investment. Equities Section • • • Involves in the daily and key portfolio management functions. Analyses and prepares reports on the performance of the funds for distribution to unitholders and agents. Presents updates and outlook on the bond market at investment seminars for the agency force and unitholders. 9. are required to declare their dealings in securities. Assistant Managers. Monitors corporate developments and performs in-depth evaluation of companies through site visits and meetings with the management. Oversees the preparation of fixed income investment reports to unit trust holders.

(e) (f) (g) 192 . the following documents or copies of them or other documents as may be required by the SC (where applicable) is available for inspection at the registered office of the Manager or such other place as the SC may determine: (a) (b) (c) (d) The Master Deed and Supplemental Deeds. with emphasis on front-line personnel and members of the agency force.13 POLICIES AND PROCEDURES ON MONEY LAUNDERING ACTIVITIES The Manager has established a set of policies and procedures to counter the risk involving money laundering and financing of terrorism. preceding the date of this Prospectus. Each material contract or document referred to in this Prospectus (if any). The audited financial statements of the funds and the Manager for the current financial year (where applicable) and last 3 financial years or from the date of establishment/incorporation. valuation and statements by any expert referred to in this Prospectus (if any). 9. letters or other documents.14 DOCUMENTS AVAILABLE FOR INSPECTION For a period of not less than 12 months from the date of this prospectus. The policies and procedures encompassed the following key initiatives: • • • Provision of training and education on the subject matter to all employees.THE MANAGER (CONT’D) 9. 2001 (AMLA). Writ and relevant cause papers for all current material litigation and arbitration disclosed in this Prospectus (if any). Setting up specific measures and controls with regard to customer identification and acceptance which include verification of the identity of customer via relevant identification documents. in compliance with the provisions of Anti-Money Laundering Act. if less than 3 years. All reports. and All consents given by experts disclosed in this Prospectus. Ensuring prompt reporting of suspicious transactions to the Financial Intelligence Unit of Bank Negara Malaysia. The latest annual and interim reports of the funds.

on behalf of the Trustees forwards to the unitholders (at their last known registered address) a copy of the audited annual accounts within two months after the financial year end. The shareholders of ART are: % of equity Amanah Raya Berhad (344986-V) Amanah Raya Nominees (Tempatan) Sdn Bhd (434217-U) Amanah Raya Capital Sdn Bhd (549057-K) AmanahRaya Capital Group Sdn Bhd (760289-U) AmanahRaya Modal Sdn Bhd (760322-X) Amanah Raya Nominees (Asing) Sdn Bhd (684546-P) 20 20 20 20 10 10 193 . ART has an authorised capital of RM5. ART will subsequently substitute for ARB as the existing trustee for the 13 unit trust funds under ARB’s trusteeship and has 109 unit trust funds under ART’s trusteeship. Its issued and paid-up share capital is RM2. dividends.000.1 THE TRUSTEES’ WILLINGNESS TO ASSUME POSITION AmanahRaya Trustees Berhad (“ART”).000. 2. To ensure that the Manager keeps the Trustee fully informed of the details of the Manager’s policies in investments and any changes thereof. 10. To exercise all due diligence and vigilance in carrying out its functions and duties in accordance with the Deed.2 DUTIES AND RESPONSIBILITIES OF THE TRUSTEES The Trustees of the funds will perform among others. 4. the following duties and responsibilities: 1. Mayban Trustees Berhad (“MTB”) and BHLB Trustee Berhad (“BTB”) have indicated their willingness to assume the position of Trustee to the funds and to undertake all the obligations that are attached to it under the Deed.000 and RM1. ART is a subsidiary of Amanah Raya Berhad (ARB) which is wholly owned by the Minister of Finance (Incorporated). 5. ART has 66 staff (44 Executives and 22 Non-Executives). To ensure the accounts are audited at the end of each accrual period by the auditors and the Manager.10 THE TRUSTEES 10. ART took over the corporate trusteeship functions of ARB and acquired ARB’s experience of more than 43 years in trustee business. To act as the custodian of the funds and safeguard the interest of the unitholders. interest and income received and distributed in respect of the funds. CMSA 2007 and securities laws. SC Guidelines. all relevant written laws and rule of law. To ensure proper records are kept of all transactions.3 PROFILE OF AMANAHRAYA TRUSTEES BERHAD (“ART”) ART was incorporated under the Companies Act 1965 on 23 March 2007 and registered as a trust company under the Trust Companies Act 1949. CMSA 2007 and securities laws. 6. As at 1 April 2009. 3.000.000 respectively. SC Guidelines. 10. ART has been registered and approved by the SC to act as trustee to unit trust funds.000. To ensure that the Manager manages and administers the funds in accordance with the Deed.

282 11. 194 . Board of Directors Dato’ Idrus Bin Harun .783 8. Singapore.638 5.917 17. To act as paying agent for the selected cross-border investment which include trade settlement and fund transfer services. MTB has under its stewardship a total of 57 unit trust funds and 3 real estate investment trust/property trust funds.511 2008 (Unaudited) RM’000 1. With more than 16 years of experience as Trustee to unit trust funds.511 10.THE TRUSTEES (CONT’D) Financial Performance The following is a summary of ART’s performance based on its audited financial statements for the financial years ended 31 December since incorporation on 23 March 2007: 2007 RM’000 Paid-up share capital Shareholders’ funds Turnover Pretax profit After tax profit 1.alternate to Hajjah Habsah Binti Bakar Delegation of Custodian Function ART has delegated its custodian function for the foreign investments of the funds to Citibank N. To date. pending or threatened or of any facts likely to give rise to any proceedings which might materially and adversely affect their financial position or business.000 6. comprising 24 Executives and 11 non-Executives. Suhaimi .A in Singapore began providing a security service in the mid-1970’s and a fully operational global custody product was launched in the early 1990’s. their securities services business claims a global client base of premier banks. To provide corporate action information or entitlements arising from the above underlying assets and to provide regular reporting on the activities of the invested portfolios.Director Encik Zainudin Bin Hj.Director / Chief Executive Officer Dato’ Ahmad Rodzi Bin Pawanteh . are as follows: • To act as sub-custodian for the selected cross-border investment of the fund(s) including the opening of cash and custody accounts and to hold in safe keeping the assets of the fund(s) such as equities.Director Datin Aminah Binti Pit Abd Raman .343 7.515 As at 1 April 2009.Director Tuan Haji Ab. bonds and other assets. Singapore branch. Citibank N.Director Dato’ Haji Ahmad Kamal Bin Abdullah Al-Yafii . the Trustee and its delegate are not engaged in any material litigation and arbitration. Ghani Bin Haron .A. fund managers. Citibank N. and the Trustee and its delegate are not aware of any proceedings.000 5.Director Puan Alina Binti Hashim .4 PROFILE OF MAYBAN TRUSTEES BERHAD (“MTB”) MTB was incorporated on 12 April 1963 and registered as a Trust Company under the Trust Companies Act 1949 on 11 November 1963. MTB has been registered and approved by the SC to act as Trustee to unit trust funds. The roles and duties of the trustee’s delegate. It was one of the first local trust companies to provide trustee services with the objective of meeting the financial needs of both individual and corporate clients. As at 1 April 2009 MTB has a total of 35 staff. either as plaintiff or defendant.A.Chairman Hajjah Habsah Binti Bakar . • • 10. broker dealers and insurance companies.

have also sued PASB for full payment under CP/MTN arising from a cross-default by PASB under its ABBA Bonds. Surindar Kaur G 500 15. a Noteholder of the Combined Commercial Papers and/or Medium Term Notes/Letters of Credit/Financial Guarantee Facilities (CP/MTN) totaling RM13 million and issued by PASB.043 2007 RM’000 500 18. As such. Board of Directors Mr. pending or threatened or of any facts likely to give rise to any proceedings which might materially and adversely affect its financial position or business. The Trustee is counter-claiming and also claiming indemnity. Connected to the above. and the Trustee and its delegates are not aware of any proceedings.387 8. The claim.Non Independent Director Chief Executive Officer Ms. The claim in the 1st Suit is for RM157. The other defendants in the 2nd Suit are the Facility Agent. Amanah Short Deposits Berhad.760 7. The other defendants in the 1st Suit include amongst others the Facility Agent.256 7. The claim in the 2nd Suit is for RM13 million or any other sum that the court deems fit and damages. does not take into consideration the sum of RM8. Teh Soon Poh .THE TRUSTEES (CONT’D) Financial Performance The following is a summary of the past performance of MTB based on audited financial statements for the past 3 financial years ended 30 June: 2006 RM’000 Paid-Up Share Capital Shareholders’ Funds Turnover Pretax Profit Profit After Tax Material Litigation and Arbitration As at 1 April 2009.Non Independent Director En. PASB’s Chief Executive Officer and one of PASB’s directors. The Trustee is presently defending both the 1st and the 2nd Suit and does not admit liability to the same. neither the Trustee nor its delegates are engaged in any material litigation as plaintiff or defendant. The Bondholders of the Al-Bai Bithaman Ajil (ABBA) Bonds issued by Pesaka Astana (M) Sdn Bhd (PASB) have sued PASB for its failure to meet its bonds payment obligations under Kuala Lumpur High Court Civil Suit No: D5(D6)22-1810-2005 (the 1st Suit) and cited the Trustee as one of 12 co-defendants in the same suit.548 7. however.801 6. save for the suits mentioned herein below. contribution or other relief from some of the other parties in the 1st Suit and the 2nd suit. PASB’s Chief Executive Officer. Mohd Nazlan Mohd Ghazali .185 5. In any event.958 5. the 1st Suit and the 2nd Suit will not materially affect the business/financial position of the Trustee.291 2008 RM’000 500 22.916 195 . under Kuala Lumpur High Court Civil Suit No.405 Million already paid by PASB to the ABBA Bondholders. Tong Hon Keong .964 5.8 Million or any other sum that the Court deems fit. The Trustee was cited as one of 5 co-defendants in the 2nd Suit. D2-22-1085-2006 (the 2nd Suit).113 9.Independent Director Datuk Johar Che Mat . any successful claim that may be established against the Trustee will be covered by the Trustee’s insurer and/or Malayan Banking Berhad as the ultimate holding company of the Trustee. one of PASB’s directors and associate companies of the Chief Executive Officer and the said director.Independent Director & Chairman Mr.

Singapore branch. Act as settlement agent for shares and monies to counterparties against trustee’s instructions. MCS commenced operations in 1983 and has been appointed as custodian of unit trust funds since 1989. The roles and duties of the trustee’s delegate. Act as agents for money market placement where applicable against trustee’s instructions.750 5. The custodian function is run under Maybank Custody Services (“MCS”). To provide corporate action information or entitlements arising from the above underlying assets and to provide regular reporting on the activities of the invested portfolios. Citibank N. and Other ad-hoc payments for work done for the funds against trustee’s instructions. • • 10. BTB has under its stewardship a total of 64 unit trust funds and 1 Real Estate Investment Trust and a staff strength of 12 employees.731 3. With 13 years of experience as a trustee to unit trust funds.887 5. Financial Performance The following is a summary of the past performance of BTB based on financial statements for the past three (3) financial years ended 31 December: 2006 (Restated) RM’000 Paid-Up Share Capital Shareholders’ Funds Turnover Pretax Profit Profit After Tax 1. are as follows: • To act as sub-custodian for the selected cross-border investment of the fund(s) including the opening of cash and custody accounts and to hold in safe keeping the assets of the fund(s) such as equities. It provides clearing and custody services for Malaysian equity and fixed income securities to domestic and foreign institutional clients. are as follows: • • • • • • Safekeep.THE TRUSTEES (CONT’D) Delegation of Custodian Function MTB has appointed Malayan Banking Berhad. To act as paying agent for the selected cross-border investment which include trade settlement and fund transfer services. The adjustments have been made to the Company’s income statement.008 571 2007 RM’000 1. Singapore.157 2008 (Unaudited) RM’000 1. BTB has been registered and approved by the SC to act as Trustee to unit trust funds.572 1. prepare and submit holdings report to trustee and beneficial owners where relevant. Compile. etc. comprising of 12 Executives as at 1 April 2009.750 2. a unit within Malayan Banking Berhad.750 1. It was registered as a Trust Company under the Trust Companies Act 1949 on 3 July 1995 and commenced operations on 1 September 1995. To date.921 1. their securities services business claims a global client base of premier banks. 196 . reconcile and maintain assets holdings records of funds against trustee’s instructions. The roles and duties of the trustee’s delegate Maybank Custody Services (“MCS”). a unit within Malayan Banking Berhad. as the custodian of the local assets of the funds. balance sheet and statement of changes in equity as at 31 December 2006.193 Note: The 2006 financial statement has been restated due to reversal of the Prepaid Administration Support Service (“Passport”) income.081 6. bonds and other assets. it offers global custody services to domestic institutions/clients who have foreign investments. broker dealers and insurance companies.559 3.A. MTB has delegated its custodian function for the foreign investments of the funds to Citibank N. fund managers.A in Singapore began providing a security service in the mid-1970’s and a fully operational global custody product was launched in the early 1990’s.313 1.240 2.5 PROFILE OF BHLB TRUSTEE BERHAD (“BTB”) BTB was incorporated on 25 August 1994. In addition.A. Citibank N. Disseminate listed companies’ announcements to and follow through for corporate actions instructions from trustee.

CIMB Group Nominees (Tempatan) Sdn Bhd is a wholly owned subsidiary of CIMB Bank Berhad and assists investment advisors/clients..A. Singapore.A. All investments are automatically registered in the name of the funds. Singapore Branch as their delegate for global custody services. consumers and professional markets in the community. The custodian’s custody and clearing services include settlement processing and safekeeping. bonds and other assets.THE TRUSTEES (CONT’D) As at 1 April 2009. With a staff force of about 8.500 Citibank N. managers of domestic and international portfolios. Citibank N.... Singapore Branch was set up in 1902 and is today the largest foreign bank operating in the territory. income collection and corporate events processing. Singapore’s Securities & Fund Services business claims a global client base of premier banks. broker dealers and insurance companies. in Singapore began providing Securities & Fund Services in the mid-1970’s and a fully operational global custody product was launched in the early 1990’s. Singapore Branch provides a wide array of banking and financial services to institutions. and the Trustee and its delegate are not aware of any proceedings. Board of Directors Tan Sri Dato’ Seri Haidar Bin Mohamed Nor Kok Kong Chin Loh Shai Weng Yap Huey Hoong (Alternate director to Loh Shai Weng) Chief Executive Officer Yap Huey Hoong Delegation of Custodian Function BTB has appointed CIMB Group Nominees (Tempatan) Sdn Bhd as the custodian of the assets of the funds.A.A. Citibank N. The custodian acts only in accordance with instructions from the Trustee. Citibank N. To date. are as follows: • To act as sub-custodian for the selected cross-border investment of the fund(s) including the opening of cash and custody accounts and to hold in safe keeping the assets of the fund(s) such as equities. either as plaintiff or defendant. To provide corporate action information or entitlements arising from the above underlying assets and to provide regular reporting on the activities of the invested portfolios. • • 197 . pending or threatened or of any facts likely to give rise to any proceedings which might materially and adversely affect their financial position or business. corporate related services including cash and security reporting. fund managers. The roles and duties of the Trustee’s delegate. Citibank N. To act as paying agent for the selected cross-border investment which include trade settlement and fund transfer services.A. lending banks and international custodians in the movement and management of cash and securities.A. CIMB Group Nominees (Tempatan) Sdn Bhd has appointed Citibank N. the Trustee and its delegates are not engaged in any material litigation and arbitration.

however. No unitholders shall by reason of the provisions of the Deed and the relationship created thereby between the unitholders.1 UNITHOLDERS’ RIGHTS AND LIABILITIES A unitholder is a person registered in the register as a holder of units or fractions of units in a fund which automatically accord him rights and interests in the fund. may exercise his cooling-off right by issuing a cooling-off request to Public Mutual and he will be paid a full refund of his investment principal within 10 days. If the units are held by jointholders of whom one is a minor. shall not extend to a corporation or institution. and to other rights and privileges as are provided for in the Deed. This cooling-off right. upon changing his mind about the unit trust investment that he had made. and persons registered to deal in its unit trust funds. if the surviving jointholder is a minor. Unitholders are vested with the powers to call for a unitholders’ meeting. In the event of the demise of a jointholder.11 SALIENT TERMS OF THE DEED 11. No unitholder shall be entitled to require the transfer to him of any of the assets comprised in the funds or be entitled to interfere with or question the exercise by the Trustee or the Manager on his behalf of the rights of the Trustee as owner of such assets. For EPF unitholders. the staff of Public Mutual. and to vote for the removal of the Trustee or the Manager through an Extraordinary Resolution. 198 . the Trustee and the Manager be liable for any amount in excess of the purchase price paid for the unit.2 JOINTHOLDERS Units may be registered in the name of more than one unitholder subject to a maximum number of two jointholders. Investors who are investing with Public Mutual for the first time are entitled to a cooling-off period of 6 Business Days from the date of receipt of the application form and payment by Public Mutual. and shall not be under any obligation to indemnify the Trustee and/or the Manager in the event that the liabilities incurred by the Trustee and the Manager in the name of or on behalf of the funds pursuant to and/or in the performance of the provisions of the Deed exceed the Gross Asset Value of the funds. the cooling-off period will commence from the date of receipt of application form by Public Mutual. unitholders shall receive annual and interim reports of the funds which are sent out within two months from the close of each financial year/period. During this period of coolingoff. 11. the Manager shall only recognise the surviving jointholder as the rightful person having title or right of interest to the units in the account. the unitholder. However. In addition. the first registered unitholder must be an adult who is not less than 18 years of age. the units in the account shall be vested in the estate of the deceased jointholder upon receipt by the Manager of the necessary documentation. participate in any increase in the capital value of the units. and any right of indemnity of the Trustee and/or Manager will be limited to recourse to the funds. Unitholders shall be entitled to receive the distributions of the funds.

SALIENT TERMS OF THE DEED (CONT’D)

11.3 MAXIMUM FEES AND CHARGES PERMITTED BY THE DEED
Fund Management Fee 1.5% per annum of the NAV. 1.5% per annum of the NAV. 1.5% per annum of the NAV. 1.5% per annum of the NAV. 1.5% per annum of the NAV. 1.5% per annum of the NAV. 2.0% per annum of the NAV. 1.5% per annum of the NAV. 1.5% per annum of the NAV. Trustee Fee Service Charge 7% of the NAV per unit. Repurchase Charge 5 sen per unit.

PSF

Not exceeding 0.2% per annum and not less than 0.08% per annum, calculated daily on the NAV. Not exceeding 0.2% per annum and not less than 0.08% per annum, calculated daily on the NAV. Not exceeding 0.2% per annum and not less than 0.08% per annum, calculated daily on the NAV. Not exceeding 0.08% per annum, calculated daily on the NAV.

PGF

7% of the NAV per unit.

5 sen per unit.

PIX

7% of the NAV per unit.

5 sen per unit.

PIF

7% of the NAV per unit.

5 sen per unit.

PAGF

Not exceeding 0.08% per annum, calculated daily on the NAV.

7% of the NAV per unit.

5 sen per unit.

PRSF

Not exceeding 0.08% per annum, calculated daily on the NAV.

7% of the NAV per unit

5 sen per unit.

P SmallCap

Not exceeding 0.15% per annum, calculated daily on the NAV.

7% of the NAV per unit.

5 sen per unit.

PEF

Not exceeding 0.08% per annum, calculated daily on the NAV.

7% of the NAV per unit.

3% of the NAV per unit.

PFSF

Not exceeding 0.07% per annum, calculated daily on the NAV, but subject to any minimum fee (inclusive of the custodian fee) per annum and/or maximum fee (inclusive of the custodian fee) per annum as shall agreed upon by the Manager and Trustee. Not exceeding 0.07% per annum, calculated daily on the NAV, but subject to any minimum fee (inclusive of the custodian fee) per annum and/or maximum fee (inclusive of the custodian fee) per annum as shall agreed upon by the Manager and Trustee.

7% of the NAV per unit.

3% of the NAV per unit.

PDSF

1.5% per annum of the NAV.

7% of the NAV per unit.

3% of the NAV per unit.

199

SALIENT TERMS OF THE DEED (CONT’D)

Fund

Management Fee 1.6% per annum of the NAV.

Trustee Fee

Service Charge 7% of the NAV per unit.

Repurchase Charge 3% of the NAV per unit.

PFES

Not exceeding 0.06% per annum, calculated daily on the NAV, but subject to any minimum fee (inclusive of the custodian fee) per annum and/or maximum fee (inclusive of the custodian fee) per annum as shall agreed upon by the Manager and Trustee. Not exceeding 0.07% per annum, calculated daily on the NAV, but subject to any minimum fee (inclusive of the custodian fee) per annum and/or maximum fee (inclusive of the custodian fee) per annum as shall agreed upon by the Manager and Trustee. Not exceeding 0.08% per annum, calculated daily on the NAV, but subject to a minimum fee (inclusive of the custodian fee) of RM18,000.00 per annum. Not exceeding 0.08% per annum, calculated daily on the NAV, but subject to a minimum fee (inclusive of the custodian fee) of RM18,000.00 per annum. Not exceeding 0.08% per annum, calculated daily on the NAV, but subject to a minimum fee (inclusive of the custodian fee) of RM18,000.00 per annum. Not exceeding 0.08% per annum, calculated daily on the NAV, but subject to a minimum fee (inclusive of the custodian fee) of RM18,000.00 per annum. Not exceeding 0.08% per annum, calculated daily on the NAV, but subject to a minimum fee (inclusive of the custodian fee) of RM18,000.00 per annum. Not exceeding 0.08% per annum, calculated daily on the NAV, but subject to a minimum fee (inclusive of the custodian fee) of RM18,000.00 per annum.

PRSEC

1.6% per annum of the NAV.

7% of the NAV per unit.

3% of the NAV per unit.

PGSF

2.0% per annum of the NAV.

7% of the NAV per unit.

3% of the NAV per unit.

PFEDF

1.8% per annum of the NAV.

7% of the NAV per unit.

3% of the NAV per unit.

PCSF

1.8% per annum of the NAV.

7% of the NAV per unit.

3% of the NAV per unit.

PFEPRF

1.8% per annum of the NAV.

7% of the NAV per unit.

3% of the NAV per unit.

PSEASF

1.8% per annum of the NAV.

7% of the NAV per unit.

3% of the NAV per unit.

PSSF

1.8% per annum of the NAV.

7% of the NAV per unit.

3% of the NAV per unit.

200

SALIENT TERMS OF THE DEED (CONT’D)

Fund

Management Fee 1.8% per annum of the NAV.

Trustee Fee

Service Charge 7% of the NAV per unit.

Repurchase Charge 3% of the NAV per unit.

PFECTF

Not exceeding 0.08% per annum, calculated daily on the NAV, but subject to a minimum fee (inclusive of the custodian fee) of RM18,000.00 per annum. Not exceeding 0.08% per annum, calculated daily on the NAV, but subject to a minimum fee (inclusive of the custodian fee) of RM18,000.00 per annum. Not exceeding 0.08% per annum, calculated daily on the NAV, but subject to a minimum fee (inclusive of the custodian fee) of RM18,000.00 per annum. Not exceeding 0.08% per annum, calculated daily on the NAV, but subject to a minimum fee (inclusive of the custodian fee) of RM18,000.00 per annum. Not exceeding 0.08% per annum, calculated daily on the NAV.

PCTF

1.8% per annum of the NAV.

7% of the NAV per unit.

3% of the NAV per unit.

PFETIF

1.8% per annum of the NAV.

7% of the NAV per unit

3% of the NAV per unit.

PSA30F

1.8% per annum of the NAV.

7% of the NAV per unit

3% of the NAV per unit.

PBF

1.5% per annum of the NAV. 1.8% per annum of the NAV.

7% of the NAV per unit

5 sen per unit.

PFEBF

Not exceeding 0.08% per annum, calculated daily on the NAV, but subject to a minimum fee (inclusive of the custodian fee) of RM18,000.00 per annum. Not exceeding 0.08% per annum, calculated daily on the NAV, but subject to a minimum fee (inclusive of the custodian fee) of RM18,000.00 per annum. Not exceeding 0.04% per annum, calculated daily on the NAV.

7% of the NAV per unit.

3% of the NAV per unit.

PGBF

2.0% per annum of the NAV.

7% of the NAV per unit.

3% of the NAV per unit.

P BOND

0.75% per annum of the NAV. 1.25% per annum of the NAV.

3% of the NAV per unit.

3 sen per unit.

PIN BOND

Not exceeding 0.1% per annum, calculated daily on the NAV, but subject to any minimum fee (inclusive of the custodian fee) per annum and/or maximum fee (inclusive of the custodian fee) per annum as shall agreed upon by the Manager and Trustee.

3% of the NAV per unit.

3% of the NAV per unit.

201

SALIENT TERMS OF THE DEED (CONT’D)

Fund

Management Fee 1.5% per annum of the NAV.

Trustee Fee

Service Charge 3% of the NAV per unit.

Repurchase Charge 3% of the NAV per unit.

PEBF

Not exceeding 0.07% per annum, calculated daily on the NAV, but subject to any minimum fee (inclusive of the custodian fee) per annum and/or maximum fee (inclusive of the custodian fee) per annum as shall agreed upon by the Manager and Trustee. Not exceeding 0.06% per annum, calculated daily on the NAV, but subject to any minimum fee (inclusive of the custodian fee) per annum and/or maximum fee (inclusive of the custodian fee) per annum as shall agreed upon by the Manager and Trustee. Not exceeding 0.1% per annum, calculated daily on the NAV, but subject to any minimum fee (inclusive of the custodian fee) per annum and/or maximum fee (inclusive of the custodian fee) per annum as shall agreed upon by the Manager and Trustee.

PSBF

1.5% per annum of the NAV.

7% of the NAV per unit.

3% of the NAV per unit.

PMMF

1.0% per annum of the NAV

1% of the NAV per unit.

1% of the NAV per unit.

A lower fee and/or charges than what is stated in the deed may be charged, all current fees and charges are disclosed in the prospectus. Any increase of the fees and/or charges above that stated in the current prospectus may be made provided that a supplemental prospectus is issued and the maximum stated in the deed shall not be breached. Any increase of the fees and/or charges above the maximum stated in the deed shall require unitholders’ approval.

11.4 PERMITTED EXPENSES PAYABLE OUT OF THE FUNDS
Only expenses directly related and necessary in operating and administering a fund may be paid out of the fund. The major expenses that are recoverable directly from the funds include: (i) (ii) (iii) (iv) (v) commission/fees paid to brokers in effecting dealings in the investments of the funds, shown on the contract notes or confirmation notes or difference accounts; (where the custodial function is delegated by the relevant Trustee for foreign markets investment), charges/ fees paid to the sub-custodian; tax and other duties charged on the funds by the Government and other authorities; the fee and other expenses properly incurred by the Auditor and all professional and accounting fees and disbursements approved by the relevant Trustee; fees for the valuation of any investment of the funds by independent valuers for the benefit of the funds;

202

SALIENT TERMS OF THE DEED (CONT’D) (vi) (vii) (viii) costs incurred for the modification of the deed other than those for the benefit of the Manager or the Trustee. after the Trustee has given notice and reasons and has considered any representations made by the Manager in respect of that opinion. and may appoint a new Trustee in his stead or as additional Trustee. 203 . (d) and the Manager shall not accept any extra payment or benefit in relation to such removal or replacement or retirement. distribution warrants. in favour of some other corporation. The Manager is in breach of its obligations under the Deed. notices of meeting of unitholders. 11. the costs of printing and dispatching to unitholders the accounts of the funds. The Trustee shall take reasonable steps to remove and replace the Manager as soon as practicable after becoming aware of any such circumstances: (a) (b) (c) An Extraordinary Resolution to that effect has been duly passed by the unitholders at a meeting called for that purpose. or such shorter period as the Manager and the Trustee shall agree upon. REMOVAL AND REPLACEMENT OF THE MANAGER The Manager may retire upon giving twelve (12) months notice to the Trustee of its desire to do so. or such shorter period as the Manager and the Trustee shall agree upon. and any other expenses properly incurred by the relevant Trustee in the performance of its duties and responsibilities. newspaper advertisement and such other similar costs as may be approved by the relevant Trustee.6 RETIREMENT. and after consultation with the relevant authorities and with the approval of the unitholders. REMOVAL AND REPLACEMENT OF THE TRUSTEE The Trustee may retire upon giving twelve (12) months notice to the Manager of its desire to do so. The Trustee may be removed and another Trustee appointed by Extraordinary Resolution of the unitholders at a Unitholders’ Meeting convened in accordance to the Deed either by the Manager or the unitholders. (ix) 11. The Manager may be removed and another corporation appointed as manager by Extraordinary Resolution of the unitholders at a Unitholders’ Meeting convened in accordance with the Deed either by the Trustee or the unitholders. tax certificates.5 RETIREMENT. The Manager has failed or neglected to carry out its duties to the satisfaction of the Trustee and the Trustee considers that it would be in the interests of unitholders for it to do so. In any of the cases aforesaid the Manager for the time being shall upon receipt of such notice by the Trustee cease to be the Manager and the Trustee shall by writing under its seal appoint some other corporation to be the Manager of the fund subject to such corporation entering into a Deed or Deeds with the Trustee and thereafter act as Manager during the remainder period of the fund. or The Manager has gone into liquidation (except a voluntary liquidation for the purpose of amalgamation or reconstruction or some similar purpose) or has had a receiver appointed or has ceased to carry on business. costs incurred for any meeting of unitholders other than those convened by the Manager or Trustee for its own benefit.

in which case a poll shall be taken. The Trustee is not eligible to be appointed or to act as Trustee under section 290 of the CMSA 2007. which is the subject of the transfer scheme.7 TERMINATION OF THE FUND A fund may be terminated or wound-up upon the occurrence of any of the following events:(a) (b) the Securities Commission’s approval is revoked under Section 212(7)(A) of the CMSA 2007. or a petition is presented for the winding up of the existing Trustee (other than for the purpose of and followed by a reconstruction.8 UNITHOLDERS’ MEETING A unitholders’ meeting may be called by the Manager. provided always that for a meeting which requires an Extraordinary Resolution the quorum for that meeting shall be five (5) unitholders. The Trustee has failed or refused to act as Trustee in accordance with the provisions or covenants of the Deed or the provision of the CMSA 2007. 11. an Extraordinary Resolution is passed at a unitholders’ meeting to terminate or wind-up that fund. or the effective date of an approved transfer scheme. The quorum for a meeting of unitholders of a fund is five (5) unitholders of that fund. Trustee and/or Unitholders. A receiver is appointed over the whole or a substantial part of the assets or undertaking of the existing Trustee and has not ceased to act under the appointment. 204 . All unitholders of units will be entitled to the benefit of. the Companies Act 1965 or any securities law. as required under Section 301(2) of the CMSA 2007. whether present in person or by proxy. On a show of hands every unitholder who is present in person or by proxy shall have one vote. or The Trustee is under investigation for conduct that contravenes Trust Companies Act 1949. copies of which are available as mentioned above. an Extraordinary Resolution is passed at a unitholders’ meeting to terminate or wind-up the fund. whether present or by proxy and if the meeting requires an Extraordinary Resolution the quorum for that meeting shall be two (2) unitholders. has resulted in the fund. holding in aggregate at least twenty five percent (25%) of the units in issue for that fund at the time of the meeting. Any such meeting must be convened in accordance with the deed and/or the Guidelines. being left with no asset/property. If the fund has five (5) or less unitholders. Every question arising at any meeting shall be decided in the first instance by a show of hands unless a poll is demanded or if it be a question which under the deed requires an Extraordinary Resolution.SALIENT TERMS OF THE DEED (CONT’D) The Manager shall take reasonable steps to remove and replace a Trustee as soon as practicable after becoming aware of any such circumstances: (a) (b) (c) (d) (e) The Trustee has ceased to exist. the quorum required shall be two (2) unitholders. 11.9 DEED Copies of the Deed may be obtained from the Manager at a cost of RM20 each or may be inspected free of charge during normal working hours at the offices of the Manager. (f) In addition to the above. as defined under the Guidelines. the Trustee may be removed and another Trustee appointed by Extraordinary Resolution of the unitholders at a Unitholders’ Meeting convened in accordance with the Deed either by the Manager or the unitholders. be bound by and be deemed to have notice of the provisions of the Deed. whether present in person or by proxy. whether present in person or by proxy. the Trustee Act 1949. following the occurrence of events stipulated under Section 301(1) of the CMSA 2007 and the court has confirmed the resolution. unless during or following such reconstruction the existing Trustee becomes or is declared to be insolvent). holding in aggregate at least twenty five percent (25%) of the units in issue for that fund at the time of the meeting. (c) (d) 11. The Trustee has not been validly appointed.

TAXATION OF THE FUNDS AND UNITHOLDERS

(Prepared for inclusion in this Prospectus) The Board of Trustees AmanahRaya Trustees Berhad, Mayban Trustees Berhad and BHLB Trustee Berhad c/o Public Mutual Berhad Block B, Sri Damansara Business Park Persiaran Industri Bandar Sri Damansara 52200 Kuala Lumpur 8 April 2009 Dear Sirs

Re: Taxation of the Funds and Unit Holders
This letter has been prepared for inclusion in this Prospectus in connection with the offer of units in the Public Savings Fund, Public Growth Fund, Public Index Fund, Public Industry Fund, Public Aggressive Growth Fund, Public Regular Savings Fund, Public Balanced Fund, Public Bond Fund, Public SmallCap Fund, Public Equity Fund, Public Institutional Bond Fund, Public Money Market Fund, Public Focus Select Fund, Public Enhanced Bond Fund, Public Dividend Select Fund, Public Far-East Select Fund, Public Select Bond Fund, Public Regional Sector Fund, Public Global Select Fund, Public Far-East Dividend Fund, Public Far-East Balanced Fund, Public Global Balanced Fund, Public China Select Fund, Public Far-East Property & Resorts Fund, Public South-East Asia Select Fund, Public Sector Select Fund, Public Far-East Consumer Themes Fund, Public China Titans Fund, Public Far-East Telco & Infrastructure Fund and Public Select Alpha-30 Fund (“the funds”).

Taxation of the Funds
The funds are unit trusts for Malaysian tax purposes. The taxation of the funds are therefore governed principally by Sections 61 and 63B of the Income Tax Act, 1967. Subject to certain exemptions, the income of the funds in respect of investment income derived from or accruing in Malaysia is liable to income tax at the prevailing rate of 25%. Gains from the realisation of investments by the funds will not be subject to income tax. Taxable dividend income earned by the funds would have suffered a tax deduction at source at the prevailing rate of 25%. The tax deducted will be available for set off either wholly or partly against the tax liability of the funds. Any excess over the tax liability will be refundable to the funds. Based on the Finance Act 2007, only dividends paid in the form of cash from ordinary shares (held continously for 90 days or more – the 90 days condition does not apply to dividends received from shares in public listed companies) would be entitled to tax credits. These tax credits are available for set off against the funds’ tax liability. Interest income earned by the funds from the following are exempt from tax:• • • • • • • any savings certificates issued by the Government; or securities or bonds issued or guaranteed by the Government; or debentures, other than convertible loan stock, approved by the Securities Commission; or Bon Simpanan Malaysia issued by the Central Bank of Malaysia; or bonds or securities issued by Pengurusan Danaharta Nasional Berhad; or bonds other than convertible loan stocks, issued by any company listed in Malaysia Exchange of Securities Dealing and Automated Quotation Berhad; or a bank or financial institution licensed under the Banking and Financial Institutions Act 1989 or Islamic Banking Act 1983.

Single tier dividends received by the funds are exempt from tax. The funds may receive dividends, interest and other income from investments outside Malaysia. Income derived from sources outside Malaysia and received in Malaysia by a resident unit trust is exempt from Malaysian income tax. However, such income may be subject to tax in the country from which it is derived.

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TAXATION OF THE FUNDS AND UNITHOLDERS (CONT’D)

Any income received by the funds from a Sukuk Issue which has been issued by the Malaysia Global Sukuk Inc will be exempt from tax. Discount or profit received by the funds from sale of bonds or securities issued by Pengurusan Danaharta Nasional Berhad or Danaharta Urus Sendirian Berhad is exempt from tax. Discounts earned by the funds from the following are also exempt from tax:• • • securities or bonds issued or guaranteed by the Government; or debentures, other than convertible loan stock, approved by the Securities Commission; or Bon Simpanan Malaysia issued by the Central Bank of Malaysia.

Subject to the single-tier system that was effective 1 January 2008, (savings and transitional provisions for the single-tier system apply during the period from 1 January 2008 to 31 December 2013), deductions in respect of the funds’ expenses such as manager’s remuneration, expenses on maintenance of a register of unit holders, share registration expenses, secretarial, audit and accounting fees, telephone charges, printing and stationery costs and postage (“permitted expenses”) are allowed based on the formula subject to a minimum of 10% and a maximum of 25% of the total permitted expenses. Single tier dividends received by the funds are exempt from tax and expenses incurred by the funds in relation to such dividend income are disregarded.

Taxation of Unit Holders
Unit holders are taxed on an amount equivalent to their share of the total taxable income of the funds, to the extent that this is distributed to them. The income distribution from the funds may carry with it applicable tax credits proportionate to each unit holder’s share of the total taxable income in respect of the tax paid by the funds. Unit holders will be entitled to utilise the tax credit as a set off against the tax payable by them. Any excess over their tax liability will be refunded to the unit holders. No other withholding tax will be imposed on the income distribution of the funds. Corporate unit holders, resident or non resident in Malaysia, would be taxed at the prevailing corporate tax rate of 25% on distributions of income from the funds to the extent of an amount equivalent to their share of the total taxable income of the funds. Corporate unit holders with paid-up capital in the form of ordinary shares of RM2.5 million and below will be subject to a tax rate of 20% on chargeable income of up to RM500,000. For chargeable income in excess of RM500,000, the prevailing rate of 25% is still applicable. However, the said tax rate of 20% on chargeable income of up to RM500,000 would not apply if not more than 50% of the paid up capital in respect of ordinary shares of that corporate unit holder is directly or indirectly owned by a related company which has a paid up capital exceeding RM2.5 million in respect of ordinary shares, or vice versa, or more than 50% of the paid up capital in respect of ordinary shares of both companies are directly or indirectly owned by another company. Individuals and other non-corporate unit holders who are resident in Malaysia will be subject to income tax at scale rates. The prevailing scale rates range from 1% to 27%. Individuals and other non-corporate unit holders who are not resident in Malaysia for tax purposes, will be subject to Malaysian income tax (the prevailing rate is 27%). Non-resident unit holders may also be subject to tax in their respective jurisdictions and depending on the provisions of the relevant tax legislation and any double tax treaties with Malaysia, the Malaysian tax suffered may be creditable in the foreign tax jurisdictions. The distribution of single-tier dividends and tax exempt income by the funds will not be subject to tax in the hands of the unit holders in Malaysia. Distribution of foreign income will also be exempt in the hands of the unit holders. Units split by the funds will be exempt from tax in Malaysia in the hands of the unit holders. Any gains realised by the unit holders (other than financial institutions, insurance companies and those dealing in securities) from the transfers or redemptions of the units are treated as capital gains which are not subject to income tax in Malaysia. The tax position is based on the Malaysian tax laws and provisions as they stand at present. All prospective investors should not treat the contents of this letter as advice relating to taxation matters and are advised to consult their own professional advisers concerning their respective investments. Yours faithfully Chew Theam Hock Executive Director KPMG Tax Services Sdn Bhd

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NETWORK OF PUBLIC MUTUAL BRANCH OFFICES

Head Office
Block B, Sri Damansara Business Park, Persiaran Industri, Bandar Sri Damansara, 52200 Kuala Lumpur. Tel: 03-62796800 Fax: 03-62779800 Hotline: 03-62075000 Web : http://www.publicmutual.com.my Mutual Gold Centre No. 1 & 3, 3rd Floor, Jalan Solaris 1, Solaris Mont Kiara, 50480 Kuala Lumpur. Tel: 03-62075000 Fax: 03-62036682 Financial Planning Centre No. 36-2 & 38-2, Jalan Maarof, Bangsar Baru, 59100 Kuala Lumpur Tel: 03-22877348 Fax: 03-22877358

Branches West Malaysia
Northern Region Alor Star No. 1888, A & B, Jalan Stadium, 05100 Alor Star, Kedah. Tel: 04-7312560 Fax: 04-7310178 Senior Branch Manager: Khaw Bee Ruh Ipoh No. 37 & 39, Persiaran Greentown 4, Greentown Business Centre, 30450 Ipoh, Perak. Tel: 05-2538411/5 Fax: 05-2559859 Senior Branch Manager: Foong Kuan Mun Sungai Petani 9D & 9E, Jalan Kampung Baru, 08000 Sungai Petani, Kedah. Tel: 04-4230642 Fax: 04-4230663 Branch Manager: Suresh Kumar a/l Sundram Central Region Bangsar 11 & 15, Jalan Bangsar Utama 3, Bangsar Utama, 59000 Kuala Lumpur. Tel: 03-2282 7886 Fax: 03-22835739 Senior Branch Manager: Chooi Chan Yen Damansara Perdana No. 1 & 3, Jalan PJU 8/5 I, Perdana Business Centre, Bandar Damansara Perdana, 47820 Petaling Jaya, Selangor. Tel: 03-77222470 Fax: 03-77222475 Branch Manager: Dennis Loong Tien Poh Southern Region Batu Pahat 119A & 119B, Jalan Chengal, Taman Makmur 83000 Batu Pahat, Johor. Tel: 07-4325688 Fax: 07-4326588 Branch Manager: Gigi Kong Siew Ping Johor Bahru 30th Floor, Public Bank Tower, 19, Jalan Wong Ah Fook, 80000 Johor Bahru, Johor. Tel: 07-2281098 Fax: 07-2271098 Senior Branch Manager: Teng Lee Yen Cheras 42-4, 44-2, 44-3 & 44-4, Cheras Commercial Centre, Jalan 5/101C, Off Jalan Kaskas, 56100 Cheras, Kuala Lumpur. Tel: 03-91327620 Fax: 03-91321022 Senior Branch Manager: Khoo Peng Seng Klang No.28, 30 & 32, Lorong Batu Nilam 3B, Bandar Bukit Tinggi, 41200 Klang, Selangor Tel: 03-33234738 Fax: 03-33235632 Senior Branch Manager: Ong Chen Hung Butterworth No. 4223, Jalan Bagan Luar, 12000 Butterworth, Penang. Tel: 04-3317773 Fax: 04-3317775 Senior Branch Manager: Charmane Chew Hui Hsia Penang 16 & 16A, Lintang Burma, 10250 Pulau Tikus, Penang. Tel: 04-2295505 Fax: 04-2295171 Senior Branch Manager: Vincent Seow Weng Sim Bukit Mertajam No. 2646 - 2648, 2nd Floor Jalan Che Bee Noor, 14000 Bukit Mertajam Seberang Prai Tengah, Penang Tel : 04-5376680 Fax : 04-5376580 Assistant Branch Manager: Tong Suat Kee

207

NETWORK OF PUBLIC MUTUAL BRANCH OFFICES (CONT’D)

Southern Region (cont’d) Kluang No. 3, Jalan Dato Teoh Siew Khor 86000 Kluang, Johor. Tel: 07-7736193/4 Fax: 07-7736195 Branch Manager: Tan Kheng Aun Muar No. 46, Ground & 1st Floor, Jalan Sayang, 84000 Muar, Johor. Tel: 06-9542323/5323 Fax: 06-9536830 Branch Manager: Angie Ng Seow Mai East Coast Region Kota Bahru PT304 and PT305, Jalan Kebun Sultan, 15300 Kota Bharu, Kelantan. Tel: 09-7476021 Fax: 09-7476026 Branch Manager: Puan Abiesharni Abdul Kadir Kuantan Ground & 1st Floor, 73, Jalan Haji Abdul Aziz, 25000 Kuantan, Pahang. Tel: 09-5178115 Fax: 09-5161223 Branch Manager: Rachel Chan Mem Fun Kuala Terengganu No. 8, Mezzanine Floor, Jalan Air Jernih, 20300 Kuala Terengganu, Terengganu. Tel: 09-6317020 Fax: 09-6317030 Branch Manager: Wee Suat Hwee Melaka 173, 173-A, 173-B & 172-A, Jalan Merdeka, Taman Melaka Raya, 75000 Melaka. Tel: 06-2837654 Fax: 06-2837354 Branch Manager: Carl Wong Yon Lian Seremban No. 1A & 1B, Ground Floor, Jalan Tuanku Munawir, 70000 Seremban, Negeri Sembilan. Tel: 06-7616663 Fax: 06-7644237 Branch Manager: Michael Wong Cheong Tee

East Malaysia
Sabah Kota Kinabalu Lot 1-0-10, Ground & 1st Floor, Lorong Api-Api 1, Api-Api Centre, 88000 Kota Kinabalu, Sabah. Tel: 088-231080/2 Fax: 088-238389 Branch Manager: Lim Shaw Siang Tawau TB 4437, Lot 28, Block D, Sabindo Square, Jalan Dunlop, 91000 Tawau, Sabah. Tel: 089-765325 Fax: 089-765326 Branch Manager: Janice Chong Mui Lin Sarawak Bintulu No. 4, Lot 2646 Jalan Tun Ahmad Zaidi, 97000 Bintulu, Sarawak. Tel: 086-334718 Fax: 086-330221 Branch Manager: Lilian Lo Fui Ping Miri Lot 578, 1st & 2nd Floor, Pelita Commercial Centre, Jalan Pujut-Lutong, 98000 Miri, Sarawak. Tel: 085-429066 Fax: 085-416195 Branch Manager: Allan Ngo Say Khiang Kuching Lot 205 & 206, Section 49, Jalan Tunku Abdul Rahman, 93100 Kuching, Sarawak. Tel: 082-239285 Fax: 082-239825 Senior Branch Manager: Jones Chen Chung Sze Sibu No. 39-41,1st Floor, Jalan Tuanku Osman, 96000 Sibu, Sarawak. Effective 25 May 2009: No. 10, Lorong 2, Jalan Tuanku Osman, 96000 Sibu Sarawak. Tel: 084-317463 Fax: 084-330269 Sandakan Lot 16, Block B, Ground Floor Bandar Maju Commercial Centre Mile 1.5, North Road 90000 Sandakan, Sabah. Postal Address : Public Mutual Berhad, Sandakan Branch P.O. Box No. 3488, 90739 Sandakan, Sabah. Tel: 089-222922 Fax: 089-222889 Senior Branch Manager: Jonathan Yong Lok Sang

Public Mutual offices are open on Mondays to Fridays, except public holidays, from 9:00 a.m. to 5:00 p.m.

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Damansara Jaya. Tel: 04-6422170/1 Fax: 04-6411268 Selangor (Petaling Jaya) Raymond Chan Agency Office 25A. Selangor. 1st Floor. Jalan Mayang Pasir. Tel: 03-77289522 Fax: 03-77289336 209 . Taman Sri Tunas.NETWORK OF PUBLIC MUTUAL AGENCY OFFICES Penang (Bayan Baru) Liang Wing Sim Agency Office 104. Jalan SS22/19. 47400 Petaling Jaya. Penang. 11950 Bayan Baru.

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PR022592-1101092 .

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