Quaterly fund review q4 2010
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Official Public Mutual 2010 Q4 Fund Review

Official Public Mutual 2010 Q4 Fund Review

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Quaterly fund review q4 2010 Quaterly fund review q4 2010 Document Transcript

  • QUARTERLY FUND REVIEW QUARTER 4, 2010Quarterly Stock Market Report for 4Q 2010 Performance of FTSE Bursa Malaysia KLCIFBM KLCI Remained Firm in Fourth Quarter of 2010 30 December 2005 - 30 December 2010After rising by 11.4% in 3Q 2010, the FBM KLCI continued to strengthen in4Q 2010 to register a gain of 3.8% and close at 1,518.9 points. Commencing 1,800the quarter at 1,463.5 points, the FBM KLCI briefly rose above 1,500 points 1,600 1,445.03 1,518.91in mid-October 2010 in line with the rebound in offshore markets. The FBM 1,400 1,272.78KLCI strengthened further to touch a record high of 1,531.9 points on 10 1,200November 2010 supported by buying of blue chip index stocks. The FBM 1,096.24 1,000 899.79KLCI subsequently closed at 1,518.9 points to register a gain of 3.8% for the 876.75quarter. 800 Index TRACKING THE FBM KLCI: 1 JANUARY 2007 TO 30 DECEMBER 2010 600 400 Index 1,700 200 1,600 11 10 0 2 8 Dec-05 Dec-06 Dec-07 Dec-08 Dec-09 Dec-10 1,500 1,400 1,300 3 1,200 5 Economic Pulse 1,100 7 9 1,000 1 2007 2008 2009 2010(f) 2011(f) 900 4 Real GDP Growth, % 6.5 4.7 -1.7 7.1 5.5 800 6 Per Capita Income, RM 23,033 25,784 23,842 26,355 27,950 700 Jan 07 Jul 07 Jan 08 Jul 08 Jan 09 Jul 09 Jan 10 Jul 10 Inflation Rate, % 2.0 5.4 0.6 2.0 3.0 1 2 3 4 5 6 Unemployment Rate, % 3.2 3.3 3.5 3.4 3.3 ...................... ...................... ...................... ...................... ...................... ...................... Global markets FBM KLCI hits Oil prices FBM KLCI hits U.S. government bails Global markets retreat on all time high of touches record 2008 low of out Fannie Mae, Freddie retreat on a 3-Month KLIBOR, % 3.6 3.4 2.2 2.9 3.3 in ationary 1,524.7 points high of 801.27 points Mac and takes control of slower economic Average Base Lending concerns US$146/barrel AIG activities 6.7 6.5 5.6 6.3 6.5 Rate, % ...................... ...................... ...................... ...................... ...................... 7 8 9 10 11 12-Month Fixed Deposit 3.7 3.7 2.5 3.0 3.3 FBM KLCI breaks FBM KLCI breaks Global markets retreat FBM KLCI strengthens FBM KLCI hits all Average Interest Rate, % 1,000 points 1,300 points on concerns over the admist rebound in time high of 1,531.9 European sovereign o shore markets points Source: Bank Negara Malaysia Annual Report 2009, Economic Report 2010/2011, MOF. debt crisis f = Consensus ForecastComparison of Stock Market Performance as at Key Stock Exchange Indices31 December 2010 As at Performance (%) 6-month 1-year 2-year 3-year 5-year 10-year Index 31 December Dow Jones 2010 2009 3Q 2010 4Q 2010 2010 18.45 11.02 31.92 -12.72 8.02 7.33 Industrial Index, % South East Asia FTSE Bursa Malaysia 15.59 19.34 73.24 5.11 68.81 123.49 Indonesia 3,703.5^ +87.0 +20.2 +5.8 +46.1 KLCI, % Thailand 1,032.8^ +63.2 +22.3 +5.9 +40.6 Philippines 4,201.1^ +63.0 +21.6 +2.5 +37.6 Regional markets continued to strengthen in 4Q 2010 on optimism that Malaysia 1,518.9^ +45.2 +11.4 +3.8 +19.3 global economic activities will continue to improve. In North Asia, the South Singapore 3,190.0 +64.5 +9.2 +3.0 +10.1 Korea and Taiwan markets rose by 9.5% and 8.9% respectively following resilient domestic economic activities. In South East Asia, the Thailand North Asia and Indonesia markets rose by 5.9% and 5.8% respectively in 4Q 2010 on South Korea 2,051.0^ +49.7 +10.3 +9.5 +21.9 expectations that a more stable outlook for global economic activities Taiwan 8,972.5 +78.3 +12.4 +8.9 +9.6 would lead to a rebound in exports. Hong Kong 23,035.5 +52.0 +11.1 +3.0 +5.3 On Wall Street, the Dow remained well supported in October 2010 and rose HS China Enterprises 12,692.4 +62.1 +8.2 +2.3 -0.8 to a 25-month high of 11,451.5 points on 5 November 2010 after the U.S. TOPIX 898.8^ +5.6 -1.4 +8.4 -1.0 Federal Reserve announced that it will purchase US$600 billion of Treasury Shanghai Composite 2,808.1 +80.0 +10.7 +5.7 -14.3 securities up till June 2011 to boost the U.S. economy. However, profit taking caused the Dow to retreat towards the end of November 2010. The Dow U.S. & Europe subsequently rebounded in December 2010 following a series of positive Nasdaq 2,652.9 +43.9 +12.3 +12.0 +16.9 economic data. Sentiment was also lifted by moves by the U.S. Congress German Index 6,914.2^ +23.8 +4.4 +11.0 +16.1 to extend the Bush-era tax cuts for another two years. The Dow closed the Dow Jones 11,577.5 +18.8 +10.4 +7.3 +11.0 quarter at 11,577.5 points to register a gain of 7.3% in 4Q 2010 while the Nasdaq rose by wider margin of 12.0% to close at 2,652.9 points over the FTSE 100 5,899.9 +22.1 +12.8 +6.3 +9.0 same period. Australia 4,745.2 +30.8 +6.5 +3.5 -2.6^Index as at 30 December 2010 1
  • Economic Review On the local front, the normalisation of Bank Negara’s overnight policy rate is expected to continue with a potential 25 to 50 basis points hike toOn the domestic front, Malaysia’s GDP growth eased to 5.3% in 3Q 2010 3% - 3.25% in 2011 after the 75 basis points hike this year. This auger wellfrom 8.9% in 2Q 2010 due to slower growth in the manufacturing and for domestic demand as real interest rates, after accounting for a projectedservices sector. For the first nine months of 2010, Malaysia’s GDP expanded inflation rate of 3%, will continue to remain low.by 8.0% compared to a decline of 1.7% in 2009 amidst a rebound in exportsand private investment. At the KLCI’s closing level of 1,518.9 points on 30 December 2010, the local stock market is trading at a prospective P/E of 16.5x on 2011 earnings, which is comparable to its 10-year average P/E ratio of 16.7x. The localMalaysia’s GDP Growth by Sector market is supported by a gross dividend yield of about 3.5%, which exceeds Quarterly Annual the current 12-month fixed deposit rate of 2.85%. (%) YoY 3Q 4Q 1Q 2Q 3Q 2009 2009 2010 2010 2010 2009 2010f 2011f Bond Market Review & Outlook Agriculture -0.4 5.9 6.8 2.4 2.7 0.4 3.1 3.8 For the quarter ended 31 December 2010, the U.S. Treasury market weakened as better-than-expected U.S. economic data reduced trading interest in U.S. Mining -3.6 -2.8 2.1 1.1 -1.1 -3.8 0.4 1.4 Treasury bonds. The 3, 5 and 10-year Treasury yields rose by between 36 basis points (bps) and 75 bps to 0.99%, 2.01% and 3.29% respectively for the Manufacturing -8.6 5.0 17.0 16.0 7.5 -9.4 11.0 4.9 quarter. Construction 7.9 9.3 8.7 4.2 2.8 5.8 4.8 4.3 Looking ahead, U.S. Treasury bond prices are expected to remain supported Services 3.4 5.2 8.5 7.3 5.4 2.6 6.8 6.0 amidst the extension of the Federal Reserve’s continued accommodative monetary policies and sustained demand for safe-haven assets. Real GDP Growth -1.2 4.4 10.1 8.9 5.3 -1.7 7.1 5.5 Malaysian Government Securities (MGS) closed generally lower onf = Consensus Forecast expectations of higher government bond issuance in 2011 following a larger-than-expected budget deficit of 5.4% projected for 2011 by theMalaysia’s export growth rose to 5.3% in November from 1.3% in October government. The 5 and 10-year MGS yields rose by 10 bps and 38 bps toon higher exports of commodities. Meanwhile, import growth slowed to 3.34% and 4.00% respectively in 4Q 2010 while the 3-year MGS yield fell by6.1% from 12.5% over the same period. As imports outpaced exports, the 4 bps to 3.11% over the same period.cumulative trade surplus for the first eleven months of 2010 narrowed by5.4% to RM100.5 billion compared to the same period last year. The local corporate bond market strengthened with the 5 and 10-year AAA corporate bond yields declining by 3 bps and 9 bps to 4.16% and 4.88%On the regional front, the People’s Bank of China raised the reserve respectively over the quarter. Meanwhile, the 3-year AAA corporate bondrequirement ratio by 150 basis points in 4Q 2010 to 18.5% to curb inflationary yields remained unchanged at 3.85% over the same period.pressures and excess liquidity in the market. Furthermore, the 1-year lending In the money market, the spread of the 3-month Kuala Lumpur Interbankrate and 1-year fixed deposit rate were increased by 50 basis points to 5.81% Offer Rate (KLIBOR) over the 3-month U.S. Treasury bill rate widened fromand 2.75% respectively in 4Q 2010. 278 bps in September 2010 to 286 bps in December 2010 as the 3-monthIn the U.S., the manufacturing sector expanded with the Institute of Supply KLIBOR rose by 5 bps to 2.98% while the 3-month U.S. Treasury bill fell by 3Management’s Purchasing Managers Index (PMI) rising to a 7-month high bps to 0.12% over the quarter.of 57.0 in December from 56.6 in November as new orders and employmentremained resilient. Monthly Interest Rates & Bond YieldsMeanwhile, the U.S. labour market continued to strengthen as non-farm Tenor/ Date 31 December 2010 30 September 2010 Change*jobs rose for the second consecutive month by 39,000 jobs in November (%) (%) (bps)compared to 172,000 jobs created in October as firms in the services sectorcontinued to hire. 3 Months KLIBOR 2.98^ 2.93 +5.0On 7 December 2010, the U.S. Congress agreed to extend the Bush-era incometax cuts for another two years to help bolster consumer and investment U.S. Treasury bill 0.12 0.15 -3.0spending. The tax cut package is estimated to cost the government US$857.8 3 Year Bondsbillion over the next 10 years with 43.6% of the total amount expected to beincurred in 2011. As a result, U.S. GDP growth for 2011 is revised up to 3.0% ‘AAA’ Corporate 3.85^ 3.85 -from earlier estimates of 1.5% - 2.0% as the extension of tax cuts is expected MGS 3.11^ 3.15 -4.0to boost consumer and investment spending and increase 2011 real GDP U.S. Treasury bond 0.99 0.63 +36.0growth by between 0.5% and 1.2%. 5 Year BondsAfter rising by 5.7% in 3Q 2010, crude oil prices rose to a 26-month high ofUS$91.49/barrel on 28 December 2010 on expectations that a recovery in ‘AAA’ Corporate 4.16^ 4.19 -3.0economic activities will fuel global demand for energy. Oil prices closed at MGS 3.34^ 3.24 +10.0US$91.38/barrel to register a gain of 14.3% in 4Q 2010. U.S. Treasury bond 2.01 1.26 +75.0 10 Year BondsStock Market Outlook ‘AAA’ Corporate 4.88^ 4.97 -9.0Most global and regional markets strengthened in 4Q 2010 on expectations MGS 4.00^ 3.62 +38.0that the global and regional economies will continue to register resilientgrowth in 2011. To some extent, the recent increase in government bond U.S. Treasury bond 3.29 2.51 +78.0yields in developed countries such as the U.S. and Germany reflect investors’ * in basis points ^ as at 30 December 2010expectations of sustained recovery in their economies. However, centralbanks’s policy interest rates remain low and combined with quantitative On the domestic front, the MGS market is expected to be supported byeasing policies in the U.S., may cause potential inflationary pressures in the continued demand for sovereign bonds, moderate inflationary pressures andfuture. Bank Negara’s supportive monetary policy to sustain economic growth. Over the longer term, the local bond market is projected to benefit from resilientOn the regional front, inflationary pressures in several regional economies demand for quality corporate bonds and sustained liquidity in the domesticcontinue to build up on the back of higher food prices, rents and wages. economy.Despite two recent interest rate hikes by the Chinese central bank, China’sreal interest rates remain negative and monetary conditions continue to be Note: Q = Quarteraccommodative. In general, nominal interest rates in regional economies areexpected to continue to trend up in the year ahead to contain both consumerand asset price inflationary pressures. 2
  • PUBLIC SAvINGS FUND (PSF) Fund Objective To achieve long-term capital appreciation while at the same time producing a reasonable level of income. (1) 3-year Investor’s Risk Profile Fund Volatility 15.8 high Lipper Analytics Moderate 15 Dec 10Lipper Leaders (Overall Ratings) : Morningstar RatingTM (Overall) : 5 4 5[Lipper Equity Malaysia Funds Classification Morningstar CategoryTM : Malaysia Equitycalculated out of 125 funds] Consistent Preservation Total Return ReturnFinancial Year End : 31 December Asset Allocation as at 30 December 2010 Money Market InstrumentsLaunch Date : 29.03.1981 & Others 12.64%Approved Fund Size : 1.5 Billion Units Equities & Derivatives 87.36%Current Fund Size : NAv : RM963.49 Million(Cum Distribution) Asset Allocation by Country UNITS : 1,295.21 Million Malaysia 68.63% Singapore 9.13%Performance of Public Savings Fund vs its Benchmark Index China 4.55%Over the Following Periods Ended 30 December 2010 Hong Kong 2.65% United States of America 0.77% PSF Benchmark PSF Benchmark Australia 0.75% (%) (%) (%) (%) Indonesia 0.48% Taiwan 0.40% Total Total Annualised Annualised Return Return Return Return 1-year 16.40 19.34 16.40 19.34 Top 5 Sectors as at 30 December 2010 3-year 20.07 5.11 6.29 1.68 Sector Name % NAv 5-year 104.02 68.81 15.32 11.03 Financial 33.56 10-year 214.45 123.49 12.12 8.36 Consumer, Non-cyclical 18.06 Industrial 11.61Performances of PSF and Benchmark Index Consumer, Cyclical 9.22(Since Fund Commencement* to 30 December 2010) Communications 6.00 1000% PSF Benchmark 900% 800% 700% Top 5 Holdings as at 30 December 2010Total Returns 600% 500% Security Name 400% 300% Public Bank Berhad 200% CIMB Group Holdings Berhad 100% 0% Malayan Banking Berhad -100% Apr-81 Apr-87 Mar-93 Feb-99 Jan-05 Dec-10 IOI Corporation BerhadBenchmark: Kuala Lumpur Composite Index (prior to 6 July 2009). Indofood Agri Resources Limited FTSE Bursa Malaysia KLCI (w.e.f. 6 July 2009). Index data are sourced from Lipper.* Commencement Date - 27 April 1981Annual Returns for Financial Years Ended December 31 Year 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 PSF (%) 3.59 2.72 22.65 13.91 3.67 24.24 36.77 -28.32 43.90 16.40 Benchmark Index (%) 2.42 -7.15 22.84 14.29 -0.84 21.83 31.82 -39.33 45.17 19.34 Unit Split 1 for 20 1 for 10 1 for 6 - - - - - - - Distribution (Sen) 3.00 1.00 1.50 4.00 5.00 6.50 10.00 7.50 8.00 9.00 Distribution Yield (%) 4.7 1.7 2.3 6.6 8.6 9.6 12.6 14.7 12.4 13.6 12-Month FD Average (%) 4.0 4.0 3.7 3.7 3.7 3.7 3.7 3.7 2.5 3.0 EPF Dividend Rate (%) 5.0 4.25 4.5 4.75 5.0 5.15 5.8 4.5 5.65 -Note:(1) Based on the fund’s portfolio returns as at 15 December 2010, the volatility Factor (vF) for this fund is 15.8 and is classified as “High” (source : Lipper). 3
  • PUBLIC GROWTH FUND (PGF) Fund Objective To achieve long-term capital appreciation with income considered incidental. (1) 3-year Investor’s Risk Profile Fund Volatility 20.4 very high Lipper Analytics Moderate 15 Dec 10Lipper Leaders (Overall Ratings) : Morningstar RatingTM (Overall) : 4 3 4[Lipper Equity Malaysia Funds Classification Morningstar CategoryTM : Malaysia Equitycalculated out of 125 funds] Consistent Preservation Total Return ReturnFinancial Year End : 31 July Asset Allocation as at 30 December 2010Launch Date : 11.12.1984 Fixed Income Securities Money Market Instruments & Others 2.14% 2.66%Approved Fund Size : 4.5 Billion Units Equities & Derivatives 95.20%Current Fund Size : NAv : RM873.09 Million Asset Allocation by Country UNITS : 1,599.99 Million Malaysia 66.69% China 13.35%Performance of Public Growth Fund vs its Benchmark Index United States of America 6.88%Over the Following Periods Ended 30 December 2010 Taiwan 2.91% Indonesia 2.32% PGF Benchmark PGF Benchmark Japan 1.44% (%) (%) (%) (%) Hong Kong 1.12% Total Total Annualised Annualised Korea 0.49% Return Return Return Return Top 5 Sectors as at 30 December 2010 1-year 17.79 19.34 17.79 19.34 3-year 14.59 5.11 4.64 1.68 Sector Name % NAv 5-year 101.21 68.81 15.00 11.03 Financial 36.55 10-year 201.32 123.49 11.64 8.36 Communications 17.17Performances of PGF and Benchmark Index Industrial 13.01(Since Fund Commencement* to 30 December 2010) Consumer, Cyclical 10.64 1000% Utilities 7.47 PGF Benchmark 900% 800% Top 5 Holdings as at 30 December 2010 700%Total Returns 600% 500% Security Name 400% 300% Public Bank Berhad 200% Tenaga Nasional Berhad 100% 0% CIMB Group Holdings Berhad -100% RHB Capital Berhad Jan-85 Mar-90 May-95 Aug-00 Oct-05 Dec-10Benchmark: Kuala Lumpur Composite Index (prior to 6 July 2009). Malaysia Airports Holdings Berhad FTSE Bursa Malaysia KLCI (w.e.f. 6 July 2009). Index data are sourced from Lipper.* Commencement Date - 9 January 1985Annual Returns for Financial Years Ended July 31 Year 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 PGF (%) -13.88 12.16 2.16 14.33 11.74 4.78 51.85 -7.75 5.29 14.26 Benchmark Index (%) -17.45 9.43 -0.14 15.74 12.40 -0.16 46.79 -15.33 1.02 15.83 Unit Split 1 for 20 1 for 10 1 for 20 - - - - - - - Distribution (Sen) 1.00 1.50 - 2.50 3.50 4.00 9.00 10.00 4.00 5.00 Distribution Yield (%) 2.1 3.1 - 5.3 7.1 8.4 14.7 20.9 8.5 10.4 12-Month FD Average (%) 4.0 4.0 3.7 3.7 3.7 3.7 3.7 3.7 2.5 3.0 EPF Dividend Rate (%) 5.0 4.25 4.5 4.75 5.0 5.15 5.8 4.5 5.65 -Note:(1) Based on the fund’s portfolio returns as at 15 December 2010, the volatility Factor (vF) for this fund is 20.4 and is classified as “very High” (source : Lipper). 4
  • PUBLIC INDEX FUND (PIX) Fund Objective To achieve long-term capital appreciation while at the same time attempting to outperform the FTSE Bursa Malaysia Top 100 Index. (1) 3-year Investor’s Risk Profile Fund Volatility 18.0 high Lipper Analytics Moderate 15 Dec 10Lipper Leaders (Overall Ratings) : Morningstar RatingTM (Overall) : 4 3 3[Lipper Equity Malaysia Funds Classification Morningstar CategoryTM : Malaysia Equitycalculated out of 125 funds] Consistent Preservation Total Return ReturnFinancial Year End : 31 January Asset Allocation as at 30 December 2010 Money Market InstrumentsLaunch Date : 02.03.1992 & Others 4.24%Approved Fund Size : 2.25 Billion Units Equities & Derivatives 95.76%Current Fund Size : NAv : RM1,003.46 Million Asset Allocation by Country UNITS : 1,289.52 Million Malaysia 95.76%Performance of Public Index Fund vs its Benchmark IndexOver the Following Periods Ended 30 December 2010 PIX Benchmark PIX Benchmark (%) (%) (%) (%) Total Total Annualised Annualised Top 5 Sectors as at 30 December 2010 Return Return Return Return 1-year 21.09 21.76 21.09 21.76 Sector Name % NAv 3-year 8.29 7.05 2.69 2.30 Financial 35.16 5-year 86.06 71.92 12.97 11.44 Consumer, Non-cyclical 13.72 10-year 178.88 127.60 10.78 8.56 Consumer, Cyclical 12.99 Industrial 9.15Performances of PIX and Benchmark Index Diversified 8.21(Since Fund Commencement* to 30 December 2010) 600% PIX Benchmark 540% 480% Top 5 Holdings as at 30 December 2010 420% Security NameTotal Returns 360% 300% Public Bank Berhad 240% 180% CIMB Group Holdings Berhad 120% Malayan Banking Berhad 60% 0% Sime Darby Berhad -60% Mar-92 Dec-95 Sep-99 Jun-03 Mar-07 Dec-10 Genting BerhadBenchmark: Kuala Lumpur Composite Index (prior to 6 July 2009). FTSE Bursa Malaysia Top 100 Index (w.e.f. 6 July 2009). Underlying index data are sourced from Lipper.* Commencement Date - 31 March 1992Annual Returns for Financial Years Ended January 31 Year 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 PIX (%) -17.70 3.96 -1.73 20.78 11.02 7.49 33.29 19.82 -36.07 45.02 Benchmark Index (%) -21.08 -1.22 -7.52 23.19 11.88 -0.25 30.12 17.14 -36.52 42.62 Unit Split - 1 for 10 1 for 10 - - - 1 for 10 - - - Distribution (Sen) - - - - 6.00 5.00 7.50 20.00 5.00 5.00 Distribution Yield (%) - - - - 7.9 6.5 7.9 23.9 10.5 7.8 12-Month FD Average (%) 4.0 4.0 3.7 3.7 3.7 3.7 3.7 3.7 2.5 3.0 EPF Dividend Rate (%) 5.0 4.25 4.5 4.75 5.0 5.15 5.8 4.5 5.65 -Note:(1) Based on the fund’s portfolio returns as at 15 December 2010, the volatility Factor (vF) for this fund is 18.0 and is classified as “High” (source : Lipper). 5
  • PUBLIC INDUSTRY FUND (PIF) Fund Objective To achieve a high level of capital appreciation over the medium to long term period through investments in growth industries. (1) 3-year Investor’s Risk Profile Fund Volatility 18.8 very high Lipper Analytics Moderate 15 Dec 10Lipper Leaders (Overall Ratings) : Morningstar RatingTM (Overall) : 2 2 2[Lipper Equity Malaysia Funds Classification Morningstar CategoryTM : Malaysia Equitycalculated out of 125 funds] Consistent Preservation Total Return ReturnFinancial Year End : 31 October Asset Allocation as at 30 December 2010 Money Market InstrumentsLaunch Date : 18.11.1993 & Others 5.54%Approved Fund Size : 1.0 Billion Units Equities & Derivatives 94.46%Current Fund Size : NAv : RM182.25 Million Asset Allocation by Country UNITS : 334.39 Million Malaysia 69.42% United States of America 5.88%Performance of Public Industry Fund vs its Benchmark Index China 5.30% Singapore 4.30%Over the Following Periods Ended 30 December 2010 Korea 4.18% Indonesia 2.13% PIF Benchmark PIF Benchmark Taiwan 2.13% (%) (%) (%) (%) Hong Kong 1.12% Total Total Annualised Annualised Return Return Return Return 1-year 9.94 19.34 9.94 19.34 Top 5 Sectors as at 30 December 2010 3-year -7.89 5.11 -2.70 1.68 5-year 73.11 68.81 11.59 11.03 Sector Name % NAv 10-year 175.78 123.49 10.66 8.36 Financial 26.44 Consumer, Non-cyclical 17.22Performances of PIF and Benchmark Index Industrial 12.63(Since Fund Commencement* to 30 December 2010) Communications 10.76 240% PIF Benchmark 200% Technology 8.98 160%Total Returns Top 5 Holdings as at 30 December 2010 120% 80% 40% Security Name 0% Public Bank Berhad -40% CIMB Group Holdings Berhad -80% Apple Incorporation Dec-93 May-97 Oct-00 Mar-04 Aug-07 Dec-10 Malaysia Airports Holdings BerhadBenchmark: Kuala Lumpur Composite Index (prior to 6 July 2009). FTSE Bursa Malaysia KLCI (w.e.f. 6 July 2009). Golden Agri-Resources Limited Index data are sourced from Lipper.* Commencement Date - 17 December 1993Annual Returns for Financial Years Ended October 31 Year 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 PIF (%) -15.35 15.51 25.50 3.74 10.91 18.05 59.69 -40.11 35.63 14.68 Benchmark Index (%) -20.24 9.92 23.89 5.39 5.76 8.51 43.04 -38.91 43.96 21.11 Unit Split - - 1 for 6 - - - - - - - Distribution (Sen) 5.00 - - 2.50 4.50 5.00 10.00 7.50 4.50 5.00 Distribution Yield (%) 12.0 - - 4.8 8.5 8.6 12.4 17.5 8.7 9.2 12-Month FD Average (%) 4.0 4.0 3.7 3.7 3.7 3.7 3.7 3.7 2.5 3.0 EPF Dividend Rate (%) 5.0 4.25 4.5 4.75 5.0 5.15 5.8 4.5 5.65 -Note:(1) Based on the fund’s portfolio returns as at 15 December 2010, the volatility Factor (vF) for this fund is 18.8 and is classified as “very High” (source : Lipper). 6
  • PUBLIC AGGRESSIvE GROWTH FUND (PAGF) Fund Objective To seek high capital growth over the medium to long term period through investments in situational and high growth stocks. (1) 3-year Fund Volatility Investor’s Risk Profile 23.3 very high Lipper Analytics Aggressive 15 Dec 10Lipper Leaders (Overall Ratings) : Morningstar RatingTM (Overall) : 4 1 4[Lipper Equity Malaysia Funds Classification Morningstar CategoryTM : Malaysia Equitycalculated out of 125 funds] Consistent Preservation Total Return ReturnFinancial Year End : 31 March Asset Allocation as at 30 December 2010 Fixed Income Securities Money Market InstrumentsLaunch Date : 25.04.1994 0.87% & Others 7.97%Approved Fund Size : 1.0 Billion Units Equities & Derivatives 91.16%Current Fund Size : NAv : RM447.82 Million Asset Allocation by Country UNITS : 627.05 Million Malaysia 63.29% China 13.76%Performance of Public Aggressive Growth Fund vs its Benchmark United States of America 5.94% Taiwan 2.80%Index Over the Following Periods Ended 30 December 2010 Indonesia 2.26% Japan 1.43% PAGF Benchmark PAGF Benchmark Hong Kong 1.16% (%) (%) (%) (%) Korea 0.52% Total Total Annualised Annualised Return Return Return Return 1-year 19.52 19.34 19.52 19.34 Top 5 Sectors as at 30 December 2010 3-year 6.33 5.11 2.07 1.68 Sector Name % NAv 5-year 114.91 68.81 16.52 11.03 10-year 219.06 123.49 12.28 8.36 Financial 32.83 Communications 16.64Performances of PAGF and Benchmark Index Consumer, Cyclical 11.68(Since Fund Commencement* to 30 December 2010) Industrial 10.25 240% Utilities 7.49 PAGF Benchmark 200% 160% Top 5 Holdings as at 30 December 2010Total Returns 120% 80% Security Name 40% Public Bank Berhad 0% Tenaga Nasional Berhad -40% RHB Capital Berhad -80% CIMB Group Holdings Berhad May-94 Sep-97 Jan-01 May-04 Sep-07 Dec-10 Telekom Malaysia BerhadBenchmark: Kuala Lumpur Composite Index (prior to 6 July 2009). FTSE Bursa Malaysia KLCI (w.e.f. 6 July 2009). Index data are sourced from Lipper.* Commencement Date - 24 May 1994Annual Returns for Financial Years Ended March 31 Year 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 PAGF (%) -36.93 22.46 -13.43 45.68 -3.96 12.28 42.39 9.30 -28.69 54.32 Benchmark Index (%) -33.55 16.78 -15.92 41.86 -3.38 6.34 34.56 0.05 -30.06 51.35 Unit Split - 1 for 10 1 for 10 - - - - - - - Distribution (Sen) 4.00 - - - 3.50 4.50 6.00 15.00 5.00 8.00 Distribution Yield (%) 8.0 - - - 5.9 7.3 7.5 20.6 10.5 12.2 12-Month FD Average (%) 4.0 4.0 3.7 3.7 3.7 3.7 3.7 3.7 2.5 3.0 EPF Dividend Rate (%) 5.0 4.25 4.5 4.75 5.0 5.15 5.8 4.5 5.65 -Note:(1) Based on the fund’s portfolio returns as at 15 December 2010, the volatility Factor (vF) for this fund is 23.3 and is classified as “very High” (source : Lipper). 7
  • PUBLIC REGULAR SAvINGS FUND (PRSF) Fund Objective To achieve consistent capital growth over the medium to long term period and to achieve a steady growth in income. (1) 3-year Investor’s Risk Profile Fund Volatility 18.3 very high Lipper Analytics Moderate 15 Dec 10 Lipper Leaders (Overall Ratings) : Morningstar RatingTM (Overall) : 5 3 5 [Lipper Equity Malaysia Funds Classification Morningstar CategoryTM : Malaysia Equity calculated out of 125 funds] Consistent Preservation Total Return Return Financial Year End : 31 March Asset Allocation as at 30 December 2010 Fixed Income Securities Money Market Instruments Launch Date : 25.04.1994 1.82% & Others 5.14% Approved Fund Size : 4.5 Billion Units Equities & Derivatives 93.04% Current Fund Size : NAv : RM2,149.14 Million Asset Allocation by Country UNITS : 3,251.81 Million Malaysia 93.04% Performance of Public Regular Savings Fund vs its Benchmark Index Over the Following Periods Ended 30 December 2010 PRSF Benchmark PRSF Benchmark (%) (%) (%) (%) Total Total Annualised Annualised Top 5 Sectors as at 30 December 2010 Return Return Return Return Sector Name % NAv 1-year 24.34 21.76 24.34 21.76 3-year 20.80 7.05 6.50 2.30 Financial 44.22 5-year 102.27 71.92 15.12 11.44 Communications 10.73 10-year 220.46 127.60 12.33 8.56 Industrial 10.06 Consumer, Cyclical 8.57 Performances of PRSF and Benchmark Index Utilities 8.40 (Since Fund Commencement* to 30 December 2010) 420% PRSF Benchmark 360% 300% Top 5 Holdings as at 30 December 2010Total Returns 240% Security Name 180% 120% Public Bank Berhad 60% CIMB Group Holdings Berhad 0% Tenaga Nasional Berhad -60% Malaysia Airports Holdings Berhad -120% May-94 Sep-97 Jan-01 May-04 Sep-07 Dec-10 Telekom Malaysia Berhad Benchmark: Kuala Lumpur Composite Index (prior to 6 July 2009). FTSE Bursa Malaysia Top 100 Index (w.e.f. 6 July 2009). Underlying index data are sourced from Lipper. * Commencement Date - 24 May 1994 Annual Returns for Financial Years Ended March 31 Year 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 PRSF (%) -28.57 18.55 -8.12 41.94 -1.79 11.75 33.39 3.24 -23.24 57.65 Benchmark Index (%) -33.55 16.78 -15.92 41.86 -3.38 6.34 34.56 0.05 -30.06 52.44 Unit Split - 1 for 5 1 for 5 - - - - - - - Distribution (Sen) 4.50 1.75 1.25 2.00 3.50 4.50 6.00 10.00 3.50 4.50 Distribution Yield (%) 8.2 2.7 2.6 3.7 6.9 8.7 9.5 18.1 8.9 7.9 12-Month FD Average (%) 4.0 4.0 3.7 3.7 3.7 3.7 3.7 3.7 2.5 3.0 EPF Dividend Rate (%) 5.0 4.25 4.5 4.75 5.0 5.15 5.8 4.5 5.65 - Note: (1) Based on the fund’s portfolio returns as at 15 December 2010, the volatility Factor (vF) for this fund is 18.3 and is classified as “very High” (source : Lipper). 8
  • PUBLIC BALANCED FUND (PBF) Fund Objective To provide a steady income and capital growth over the medium to long-term period. (1) 3-year Investor’s Risk Profile Fund Volatility 14.4 moderate Lipper Analytics Conservative to moderate 15 Dec 10Lipper Leaders (Overall Ratings) : Morningstar RatingTM (Overall) : 4 2 4[Lipper Mixed Asset MYR Balanced Classification Morningstar CategoryTM : MYR Balancedcalculated out of 44 funds] Consistent Preservation Total Return ReturnFinancial Year End : 31 May Asset Allocation as at 30 December 2010 Fixed Income Securities Money Market InstrumentsLaunch Date : 07.06.1995 19.37% & Others 20.53%Approved Fund Size : 1.5 Billion Units Equities & Derivatives 60.10%Current Fund Size : NAv : RM403.63 Million UNITS : 512.72 Million Asset Allocation by Country Malaysia 32.24% China 14.49%Performance of Public Balanced Fund vs its Benchmark Index United States of America 7.28%Over the Following Periods Ended 30 December 2010 Taiwan 2.26% Indonesia 1.94% PBF (%) PBEIX (%) PBF (%) PBEIX (%) Japan 0.95% Total Total Annualised Annualised Hong Kong 0.94% Return Return Return Return 1-year 10.72 12.48 10.72 12.48 3-year 9.67 7.50 3.12 2.44 Top 5 Sectors as at 30 December 2010 5-year 73.98 47.60 11.71 8.09 Sector Name % NAv 10-year 167.89 87.63 10.34 6.48 Financial 26.77 Communications 8.65Performances of PBF and Public Balanced Equity Index (PBEIX)(Since Fund Commencement* to 30 December 2010) Utilities 7.04 200% Industrial 6.44 PBF PBEIX 160% Consumer, Cyclical 4.60 120%Total Returns 80% Top 5 Holdings as at 30 December 2010 40% Security Name 0% Public Bank Berhad -40% CIMB Group Holdings Berhad -80% Tenaga Nasional Berhad Jul-95 Aug-98 Sep-01 Oct-04 Nov-07 Dec-10 RHB Investment Bank Berhad - 5.30% / 2012 / 2017*Benchmark: Public Balanced Equity Index (PBEIX) is a composite of 60% the returns of the Kuala Lumpur Composite Index (prior to 6 July 2009), 60% FTSE Bursa Netflix, Incorporation Malaysia KLCI (w.e.f. 6 July 2009) and 40% the returns on 3MKlibor. The Index is an appropriate performance benchmark for balanced fund. Note: Index data are sourced from Lipper and Bank Negara Malaysia. * Bonds.* Commencement Date - 6 July 1995Annual Returns for Financial Years Ended May 31 Year 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 PBF (%) -25.00 28.54 -2.99 16.25 7.18 11.60 38.85 4.00 -8.46 15.50 Benchmark Index - PBEIX (%) -22.95 18.66 -4.44 13.55 4.72 5.98 27.18 -1.35 -9.87 14.42 Unit Split 1 for 20 0.7 for 100 - - - - - - - - Distribution (Sen) 2.00 1.80 - 3.00 3.50 4.00 9.00 15.00 5.00 7.00 Distribution Yield (%) 3.8 2.9 - 4.5 5.2 5.5 9.9 18.4 7.3 9.8 12-Month FD Average (%) 4.0 4.0 3.7 3.7 3.7 3.7 3.7 3.7 2.5 3.0 EPF Dividend Rate (%) 5.0 4.25 4.5 4.75 5.0 5.15 5.8 4.5 5.65 -Note:(1) Based on the fund’s portfolio returns as at 15 December 2010, the volatility Factor (vF) for this fund is 14.4 and is classified as “Moderate” (source : Lipper). 9
  • PUBLIC BOND FUND (P BOND) Fund Objective Fund Award Won To provide a steady stream of income returns through investment - The Edge-Lipper Malaysia Fund Awards 2010 : in the money market and private debt securities. • Bond MYR, 10 years (1) 3-year Investor’s Risk Profile Fund Volatility 2.8 very low Lipper Analytics Conservative 15 Dec 10Lipper Leaders (Overall Ratings) : Morningstar RatingTM (Overall) : 5 4 5[Lipper Bond MYR Classification calculated out of Morningstar CategoryTM : MYR Bond67 funds] Consistent Preservation Total Return ReturnFinancial Year End : 31 July Asset Allocation as at 30 December 2010Launch Date : 11.06.1996 Money Market Instruments & Others 18.21%Approved Fund Size : 2.5 Billion UnitsCurrent Fund Size : NAv : RM1,556.79 Million Fixed Income Securities UNITS : 1,597.90 Million 81.79%Performance of Public Bond Fund vs its Benchmark IndexOver the Following Periods Ended 30 December 2010 P BOND (%) 12-M FD (%) P BOND (%) 12-M FD (%) Total Total Annualised Annualised Return Return Return Return Top 5 Holdings as at 30 December 2010 1-year 7.62 2.75 7.62 2.75 Security Name 3-year 16.83 9.32 5.32 3.02 5-year 30.39 17.69 5.45 3.31 Public Bank Berhad - 5.10% / 2016 / 2036 10-year 95.23 42.44 6.91 3.59 EON Bank Berhad - 8.25% / 2019 / 2039 Malakoff Corporation Berhad - 6.682% / 2022Performances of P BOND and 12-Month Fixed Deposits Rate RHB Investment Bank Berhad - 5.30% / 2012 / 2017(Since Fund Commencement* to 30 December 2010) RHB Bank Berhad - 5.50% / 2017 / 2022 240% P BOND 12-Month FD 200% 160%Total Returns 120% 80% 40% 0% -40% Jul-96 Jun-99 Apr-02 Mar-05 Feb-08 Dec-10Source: Malayan Banking Berhad* Commencement Date - 10 July 1996Annual Returns for Financial Years Ended July 31 Year 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 P BOND (%) 5.44 15.55 9.85 2.58 9.43 2.90 8.75 -1.33 8.01 7.64 Benchmark Index - 12-Month FD (%) 4.24 4.04 3.94 3.70 3.69 3.77 3.75 3.71 3.09 2.49 Unit Split - - 1 for 25 1 for 25 1 for 50 - - - - - Distribution (Sen) 6.25 14.00 7.00 4.50 7.00 4.50 4.50 5.00 5.00 5.00 Distribution Yield (%) 6.3 13.9 6.7 4.6 7.3 4.9 4.7 5.6 5.4 5.3 12-Month FD Average (%) 4.0 4.0 3.7 3.7 3.7 3.7 3.7 3.7 2.5 3.0 EPF Dividend Rate (%) 5.0 4.25 4.5 4.75 5.0 5.15 5.8 4.5 5.65 -Note:(1) Based on the fund’s portfolio returns as at 15 December 2010, the volatility Factor (vF) for this fund is 2.8 and is classified as “very Low” (source : Lipper). 10
  • PUBLIC ITTIKAL FUND (P ITTIKAL) Fund Objective Fund Award Won To achieve steady capital growth over the medium to long term - The Edge-Lipper Malaysia Fund Awards 2010 : period by investing in a portfolio of investments that complies • Equity Malaysia - Islamic, 10 years with Shariah Principles. (1) 3-year Investor’s Risk Profile Fund Volatility 17.2 high Lipper Analytics Moderate 15 Dec 10 Lipper Leaders (Overall Ratings) : Morningstar RatingTM (Overall) : 3 4 3 [Lipper Equity Malaysia Funds Classification Morningstar CategoryTM : Islamic Syariah Equity calculated out of 125 funds] Consistent Preservation Total Return Return Financial Year End : 31 May Asset Allocation as at 30 December 2010 Launch Date : 10.04.1997 Islamic Debt Securities Islamic Money Market Instruments 0.19% & Others Approved Fund Size : 3.75 Billion Units 8.77% Current Fund Size : NAv : RM2,201.02 Million Shariah-compliant Equities & Islamic Derivatives UNITS : 2,388.48 Million 91.04% Asset Allocation by Country Performance of Public Ittikal Fund vs its Benchmark Index Malaysia 64.08% Over the Following Periods Ended 30 December 2010 China 11.51% Korea 7.65% Taiwan 3.27% P ITTIKAL Benchmark P ITTIKAL Benchmark Japan 2.29% (%) (%) (%) (%) United States of America 1.07% Total Total Annualised Annualised Singapore 1.05% Return Return Return Return Indonesia 0.12% 1-year 14.10 18.20 14.10 18.20 3-year 0.80 -4.51 0.27 -1.53 Top 5 Sectors as at 30 December 2010 5-year 75.27 69.85 11.87 11.17 10-year 205.82 106.34 11.81 7.50 Sector Name % NAv Communications 16.41 Performances of P ITTIKAL and Benchmark Index Industrial 15.62 (Since Fund Commencement* to 30 December 2010) Consumer, Cyclical 15.02 280% P ITTIKAL Benchmark Consumer, Non-cyclical 13.29 240% Utilities 8.98 200% 160%Total Returns Top 5 Holdings as at 30 December 2010 120% 80% 40% Security Name 0% Tenaga Nasional Berhad -40% Telekom Malaysia Berhad -80% May-97 Jan-00 Oct-02 Jul-05 Apr-08 Dec-10 Samsung Electronics Company Limited Benchmark: Kuala Lumpur Syariah Index (prior to 1 November 2007). Petronas Chemicals Group Berhad FTSE Bursa Malaysia EMAS Shariah Index (w.e.f. 1 November 2007). Uderlying index data are sourced from Lipper. PLUS Expressways Berhad * Commencement Date - 9 May 1997 Annual Returns for Financial Years Ended May 31 Year 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 P ITTIKAL (%) -18.42 18.84 1.23 28.95 7.24 12.91 46.13 2.98 -16.07 14.25 Benchmark Index (%) -37.09 22.05 -8.25 21.29 1.00 7.12 48.04 -1.95 -19.04 16.35 Unit Split 1 for 4 - - - - - - - - - Distribution (Sen) 4.00 6.00 1.75 6.50 3.75 4.50 9.00 15.00 6.00 8.00 Distribution Yield (%) 5.4 9.4 2.8 8.7 5.0 5.5 8.2 14.6 7.7 10.1 12-Month FD Average (%) 4.0 4.0 3.7 3.7 3.7 3.7 3.7 3.7 2.5 3.0 EPF Dividend Rate (%) 5.0 4.25 4.5 4.75 5.0 5.15 5.8 4.5 5.65 - Note: (1) Based on the fund’s portfolio returns as at 15 December 2010, the volatility Factor (vF) for this fund is 17.2 and is classified as “High” (source : Lipper). 11
  • PUBLIC SMALLCAP FUND (P SmallCap) Fund Objective Fund Award Won To achieve high capital growth through investments in companies - The Edge-Lipper Malaysia Fund Awards 2010 : with small market capitalisation with special focus on growth • Equity Malaysia Small & Mid Caps, 3 years stocks. • Equity Malaysia Small & Mid Caps, 5 years (1) 3-year Investor’s Risk Profile Fund Volatility 18.7 very high Lipper Analytics Aggressive 15 Dec 10Lipper Leaders (Overall Ratings) : Morningstar RatingTM (Overall) : 5 4 5[Lipper Equity Malaysia Small & Mid Cap Morningstar CategoryTM : Malaysia EquityClassification calculated out of 15 funds] Consistent Preservation Total Return ReturnFinancial Year End : 31 August Asset Allocation as at 30 December 2010Launch Date : 13.06.2000 Fixed Income Securities Money Market Instruments 1.13% & OthersApproved Fund Size : 700 Million Units 8.13%Current Fund Size : NAv : RM460.51 Million Equities & Derivatives 90.74% UNITS : 511.51 Million Asset Allocation by Country Malaysia 67.35%Performance of Public SmallCap Fund vs its Benchmark Index China 17.46%Over the Following Periods Ended 30 December 2010 Indonesia 1.90% Singapore 1.57% P SmallCap Benchmark P SmallCap Benchmark Thailand 1.26% (%) (%) (%) (%) Australia 0.76% Total Total Annualised Annualised Korea 0.44% Return Return Return Return 1-year 32.82 24.19 32.82 24.19 Top 5 Sectors as at 30 December 2010 3-year 34.55 6.39 10.40 2.09 5-year 180.62 70.86 22.91 11.30 Sector Name % NAv 10-year 379.57 126.20 16.94 8.49 Financial 26.28 Communications 16.94Performances of P SmallCap and Benchmark Index Industrial 12.81(Since Fund Commencement* to 30 December 2010) Consumer, Cyclical 11.98 360% 320% P SmallCap Benchmark Consumer, Non-cyclical 10.95 280% 240% Top 5 Holdings as at 30 December 2010Total Returns 200% 160% Security Name 120% 80% Media Prima Berhad 40% Time DotCom Berhad 0% -40% Manulife Holdings Berhad Jul-00 Aug-02 Sep-04 Oct-06 Nov-08 Dec-10 Unisem (Malaysia) BerhadBenchmark: Kuala Lumpur Composite Index (prior to 30 April 2008). KrisAssets Holdings Berhad FTSE Bursa Malaysia Small Cap Index (w.e.f. 30 April 2008). Underlying index data are sourced from Lipper.* Commencement Date - 3 July 2000Annual Returns for Financial Years Ended August 31 Year 22001 2002 2003 2004 2005 2006 2007 2008 2009 2010 P SmallCap (%) 0.00 * 19.09 13.46 13.15 3.80 11.42 55.60 -2.13 9.66 35.15 Benchmark Index (%) -13.45 * 3.52 4.49 11.39 10.34 4.88 32.96 -14.75 10.01 13.55 Unit Split - - - - - - - - - - Distribution (Sen) - 4.00 3.50 5.00 6.00 5.00 9.00 8.00 8.00 9.00 Distribution Yield (%) - 7.7 6.3 8.7 11.1 9.0 11.4 11.9 12.1 11.2 12-Month FD Average (%) 4.0 4.0 3.7 3.7 3.7 3.7 3.7 3.7 2.5 3.0 EPF Dividend Rate (%) 5.0 4.25 4.5 4.75 5.0 5.15 5.8 4.5 5.65 -Notes:* The figure shown is for period since fund commencement.(1) Based on the fund’s portfolio returns as at 15 December 2010, the volatility Factor (vF) for this fund is 18.7 and is classified as “very High” (source : Lipper). 12
  • PUBLIC ISLAMIC BOND FUND (PI BOND) Fund Objective Fund Award Won To provide annual income to investors through investment in - The Edge-Lipper Malaysia Fund Awards 2010 : Islamic Debt Securities. • Bond MYR-Islamic, 3 years • Bond MYR-Islamic, 5 years (1) 3-year Investor’s Risk Profile Fund Volatility 3.2 very low Lipper Analytics Conservative 15 Dec 10 Lipper Leaders (Overall Ratings) : Morningstar RatingTM (Overall) : 5 3 5 [Lipper Bond MYR Classification calculated out of Morningstar CategoryTM : Islamic Global Bond 67 funds] Consistent Preservation Total Return Return Financial Year End : 31 October Asset Allocation as at 30 December 2010 Launch Date : 15.08.2001 Islamic Money Market Instruments & Others Approved Fund Size : 1.8 Billion Units 1.80% Current Fund Size : NAv : RM779.69 Million UNITS : 758.10 Million Islamic Debt Securities Performance of Public Islamic Bond Fund vs its Benchmark 98.20% Index Over the Following Periods Ended 30 December 2010 PI BOND 12-M GIA PI BOND 12-M GIA (%) (%) (%) (%) Total Total Annualised Annualised Return Return Return Return Top 5 Holdings as at 30 December 2010 1-year 6.95 2.92 6.95 2.92 3-year 22.18 9.68 6.90 3.13 Security Name 5-year 33.10 17.76 5.88 3.32 Malakoff Corporation Berhad - 5.783% / 2013* Since 78.78 36.16 6.43 3.37 Commencement Binariang GSM Sendirian Berhad - 5.90% / 2016* Special Power vehicle Berhad - 3.00% / 2020* Performances of PI BOND and 12-Month General Investment Special Power vehicle Berhad - 3.00% / 2017* Account (GIA) Rates (Since Fund Commencement* to Special Power vehicle Berhad - 3.00% / 2021* 30 December 2010) 100% Note: PI BOND 12-Month GIA * Sukuk (Islamic Bonds). 80%Total Returns 60% 40% 20% 0% -20% Sep-01 Mar-03 Oct-04 May-06 Nov-07 Jun-09 Dec-10 Source: Bank Negara Malaysia * Commencement Date - 4 September 2001 Annual Returns for Financial Years Ended October 31 Year 2002 2003 2004 2005 2006 2007 2008 2009 2010 PI BOND (%) 5.82 * 7.91 5.51 10.72 3.90 4.10 3.27 10.07 7.75 Benchmark Index - 12-Month GIA (%) 4.09 * 3.52 3.32 3.31 3.45 3.69 3.55 3.03 2.89 Unit Split - 1 for 20 1 for 25 1 for 20 - - - - 1 for 25 Distribution (Sen) 4.75 4.00 4.50 5.00 3.75 4.00 4.00 4.00 5.00 Distribution Yield (%) 4.7 3.8 4.5 4.9 3.8 4.1 4.1 3.9 4.7 12-Month GIA Rates Average (%) 3.5 3.7 3.7 3.7 3.7 3.7 3.7 2.5 3.0 EPF Dividend Rate (%) 4.25 4.5 4.75 5.0 5.15 5.8 4.5 5.65 - Notes: * The figure shown is for period since fund commencement. (1) Based on the fund’s portfolio returns as at 15 December 2010, the volatility Factor (vF) for this fund is 3.2 and is classified as “very Low” (source : Lipper). 13
  • PUBLIC EQUITY FUND (PEF) Fund Objective To achieve capital growth through the aggressive selection of growth stocks from diversified economic sectors. (1) 3-year Investor’s Risk Profile Fund Volatility 21.0 very high Lipper Analytics Aggressive 15 Dec 10 Lipper Leaders (Overall Ratings) : Morningstar RatingTM (Overall) : 4 2 4 [Lipper Equity Malaysia Funds Classification Morningstar CategoryTM : Malaysia Equity calculated out of 125 funds] Consistent Preservation Total Return Return Financial Year End : 31 October Asset Allocation as at 30 December 2010 Fixed Income Securities Money Market Instruments Launch Date : 15.08.2001 0.64% & Others 7.86% Approved Fund Size : 5.0 Billion Units Equities & Derivatives 91.50% Current Fund Size : NAv : RM695.10 Million Asset Allocation by Country UNITS : 2,235.61 Million Malaysia 63.40% China 14.95% Performance of Public Equity Fund vs its Benchmark Index United States of America 5.23% Over the Following Periods Ended 30 December 2010 Indonesia 2.26% Taiwan 2.19% PEF Benchmark PEF Benchmark Japan 1.44% (%) (%) (%) (%) Hong Kong 1.02% Total Total Annualised Annualised Korea 1.01% Return Return Return Return 1-year 17.32 19.34 17.32 19.34 3-year 14.71 5.11 4.68 1.68 Top 5 Sectors as at 30 December 2010 5-year 97.07 68.81 14.52 11.03 Since Sector Name % NAv 230.01 120.86 13.66 8.87 Commencement Financial 36.32 Communications 14.61 Performances of PEF and Benchmark Index Industrial 10.74 (Since Fund Commencement* to 30 December 2010) 240% Consumer, Cyclical 10.69 Benchmark PEF Utilities 7.50 200% 160% Top 5 Holdings as at 30 December 2010Total Returns 120% 80% Security Name 40% Public Bank Berhad 0% CIMB Group Holdings Berhad -40% Tenaga Nasional Berhad Sep-01 Mar-03 Oct-04 May-06 Nov-07 Jun-09 Dec-10 RHB Capital Berhad Benchmark: Kuala Lumpur Composite Index (prior to 6 July 2009). FTSE Bursa Malaysia KLCI (w.e.f. 6 July 2009). Malaysia Airports Holdings Berhad Index data are sourced from Lipper. * Commencement Date - 4 September 2001 Annual Returns for Financial Years Ended October 31 Year 2002 2003 2004 2005 2006 2007 2008 2009 2010 PEF (%) 10.69 * 26.83 5.42 10.51 15.26 51.35 -41.53 58.52 21.92 Benchmark Index (%) -4.09 * 23.89 5.39 5.76 8.57 43.04 -38.91 43.96 21.11 Unit Split - 1 for 20 - - - - - - - Distribution (Sen) - 1.80 2.00 2.50 3.00 6.00 5.00 2.50 4.50 Distribution Yield (%) - 5.8 6.8 8.3 9.4 14.3 24.4 8.7 14.8 12-Month FD Average (%) 4.0 3.7 3.7 3.7 3.7 3.7 3.7 2.5 3.0 EPF Dividend Rate (%) 4.25 4.5 4.75 5.0 5.15 5.8 4.5 5.65 - Notes: * The figure shown is for period since fund commencement. (1) Based on the fund’s portfolio returns as at 15 December 2010, the volatility Factor (vF) for this fund is 21.0 and is classified as “very High” (source : Lipper). 14
  • PUBLIC ISLAMIC EQUITY FUND (PIEF) Fund Objective To achieve capital growth through a diverse selection of growth stocks that complies with Shariah Principles. (1) 3-year Fund Volatility Investor’s Risk Profile 15.0 high Lipper Analytics Aggressive 15 Dec 10 Lipper Leaders (Overall Ratings) : Morningstar RatingTM (Overall) : 3 3 2 [Lipper Equity Malaysia Funds Classification Morningstar CategoryTM : Islamic Syariah Equity calculated out of 125 funds] Consistent Preservation Total Return Return Financial Year End : 31 May Asset Allocation as at 30 December 2010 Launch Date : 28.05.2003 Islamic Debt Securities Islamic Money Market Instruments 0.33% & Others Approved Fund Size : 6.0 Billion Units 3.00% Current Fund Size : NAv : RM1,530.66 Million Shariah-compliant Equities & Islamic Derivatives UNITS : 4,484.71 Million 96.67% Asset Allocation by Country Performance of Public Islamic Equity Fund vs its Benchmark Malaysia 96.67% Index Over the Following Periods Ended 30 December 2010 PIEF Benchmark PIEF Benchmark (%) (%) (%) (%) Total Total Annualised Annualised Return Return Return Return Top 5 Sectors as at 30 December 2010 1-year 17.53 18.20 17.53 18.20 3-year 2.58 -4.51 0.85 -1.53 Sector Name % NAv 5-year 81.93 69.85 12.71 11.17 Consumer, Non-cyclical 20.47 Since Communications 17.71 147.82 106.12 12.79 10.06 Commencement Industrial 13.42 Diversified 12.23 Performances of PIEF and Benchmark Index (Since Fund Commencement* to 30 December 2010) Consumer, Cyclical 9.53 160% PIEF Benchmark 140% 120% Top 5 Holdings as at 30 December 2010 100%Total Returns 80% Security Name 60% Axiata Group Berhad 40% Sime Darby Berhad 20% IOI Corporation Berhad 0% Tenaga Nasional Berhad -20% Jun-03 Sep-04 Dec-05 Mar-07 Jun-08 Sep-09 Dec-10 PPB Group Berhad Benchmark: Kuala Lumpur Syariah Index (prior to 1 November 2007). FTSE Bursa Malaysia EMAS Shariah Index (w.e.f. 1 November 2007). Underlying index data are sourced from Lipper. * Commencement Date - 17 June 2003 Annual Returns for Financial Years Ended May 31 Year 2004 2005 2006 2007 2008 2009 2010 PIEF (%) 20.32 * 8.10 9.41 45.36 3.16 -13.88 15.47 Benchmark Index (%) 18.34 * 1.00 7.12 48.04 -1.95 -19.04 16.35 Unit Split - - - - - - - Distribution (Sen) 1.00 1.50 1.50 4.25 6.50 1.75 1.75 Distribution Yield (%) 3.7 5.4 5.1 11.0 18.4 6.4 6.0 12-Month FD Average (%) 3.7 3.7 3.7 3.7 3.7 2.5 3.0 EPF Dividend Rate (%) 4.75 5.0 5.15 5.8 4.5 5.65 - Notes: * The figure shown is for period since fund commencement. (1) Based on the fund’s portfolio returns as at 15 December 2010, the volatility Factor (vF) for this fund is 15.0 and is classified as “High” (source : Lipper). 15
  • PUBLIC MONEY MARKET FUND (PMMF) Fund Objective To provide liquidity and current income, while maintaining capital stability. (1) 3-year Investor’s Risk Profile Fund Volatility 0.2 very low Conservative Lipper Analytics 15 Dec 10 Morningstar RatingTM (Overall) : Morningstar CategoryTM : MYR Money Market Financial Year End : 31 January Asset Allocation as at 30 December 2010 Launch Date : 16.12.2003 Fixed Income Securities Approved Fund Size : 1.5 Billion Units 15.63% Current Fund Size : NAv : RM410.12 Million Money Market Instruments UNITS : 407.14 Million & Others 84.37% Performance of Public Money Market Fund vs its Benchmark Index Over the Following Periods Ended 30 December 2010 PMMF Benchmark PMMF Benchmark (%) (%) (%) (%) Total Total Annualised Annualised Return Return Return Return Top 5 Holdings as at 30 December 2010 1-year 2.31 2.63 2.31 2.63 Security Name 3-year 7.78 8.75 2.53 2.83 5-year 14.71 16.84 2.78 3.16 RHB Capital Berhad - 7.20% / 2011** Since Rantau Abang Capital Berhad - 4.39% / 2011*** 22.31 23.91 2.90 3.09 Commencement Public Islamic Bank Berhad - 02/03/2011* Pengurusan Air SPv Berhad - 08/02/2011**** Performances of PMMF and Benchmark Index Public Islamic Bank Berhad - 09/03/2011* (Since Fund Commencement* to 30 December 2010) 28% Notes: PMMF Benchmark * Negotiable Islamic Debt Certificate (NIDC). 24% ** Bonds. *** Sukuk (Islamic Bonds). 20% **** Islamic Commercial Papers (ICP). 16%Total Returns 12% 8% 4% 0% -4% Dec-03 Feb-05 Apr-06 Jun-07 Aug-08 Oct-09 Dec-10 Benchmark: 3-Month Kuala Lumpur Interbank Offered Rates (prior to 30 April 2010). 1-Month Kuala Lumpur Interbank Offered Rates (w.e.f. 30 April 2010). Index data are sourced from Bank Negara Malaysia. * Commencement Date - 16 December 2003 Annual Returns for Financial Years Ended January 31 Year 2005 2006 2007 2008 2009 2010 PMMF (%) 3.77 * 3.00 3.21 3.13 3.14 2.05 Benchmark Index (%) 3.32 * 2.89 3.75 3.62 3.58 2.17 Unit Split 1 for 75 - - - - - Distribution (Sen) 2.25 3.25 4.00 3.00 3.00 2.50 Distribution Yield (%) 2.2 3.3 4.0 3.0 3.0 2.5 12-Month FD Average (%) 3.7 3.7 3.7 3.7 2.5 3.0 EPF Dividend Rate (%) 5.0 5.15 5.8 4.5 5.65 - Notes: * The figure shown is for period since fund commencement. (1) Based on the fund’s portfolio returns as at 15 December 2010, the volatility Factor (vF) for this fund is 0.2 and is classified as “very Low” (source : Lipper). 16
  • PUBLIC FOCUS SELECT FUND (PFSF) Fund Objective To achieve capital growth through investments in medium-sized companies in terms of market capitalisation from diversified economic sectors. (1) 3-year Investor’s Risk Profile Fund Volatility 16.6 high Lipper Analytics Aggressive 15 Dec 10Lipper Leaders (Overall Ratings) : Morningstar RatingTM (Overall) : 4 3 4[Lipper Equity Malaysia Small & Mid Cap Morningstar CategoryTM : Malaysia EquityClassification calculated out of 15 funds] Consistent Preservation Total Return ReturnFinancial Year End : 31 December Asset Allocation as at 30 December 2010 Money Market InstrumentsLaunch Date : 25.11.2004 & Others 18.15%Approved Fund Size : 1.85 Billion Units Equities & Derivatives 81.85%Current Fund Size : NAv : RM232.69 Million(Cum Distribution) Asset Allocation by Country UNITS : 846.17 Million Malaysia 68.60% China 5.47%Performance of Public Focus Select Fund vs its Benchmark Hong Kong 4.75% Singapore 3.03%Index Over the Following Periods Ended 30 December 2010 PFSF Benchmark PFSF Benchmark (%) (%) (%) (%) Total Total Annualised Annualised Top 5 Sectors as at 30 December 2010 Return Return Return Return 1-year 26.16 31.79 26.16 31.79 Sector Name % NAv 3-year 20.79 15.00 6.50 4.77 Financial 28.35 5-year 104.47 84.69 15.37 13.05 Consumer, Non-cyclical 16.32 Since 113.79 83.67 13.40 10.58 Industrial 15.23 Commencement Consumer, Cyclical 11.94Performances of PFSF and Benchmark Index Energy 5.56(Since Fund Commencement* to 30 December 2010) 128% PFSF Benchmark 112% Top 5 Holdings as at 30 December 2010 96% 80% Security NameTotal Returns 64% S P Setia Berhad 48% LPI Capital Berhad 32% 16% Dialog Group Berhad 0% Kencana Petroleum Berhad -16% KFC Holdings (Malaysia) Berhad -32% Dec-04 Mar-06 May-07 Jul-08 Oct-09 Dec-10Benchmark: Kuala Lumpur Composite Index (prior to 30 April 2008). FTSE Bursa Malaysia Mid 70 Index (w.e.f. 30 April 2008). Underlying index data are sourced from Lipper.* Commencement Date - 15 December 2004Annual Returns for Financial Years Ended December 31 Year 2005 2006 2007 2008 2009 2010 PFSF (%) 4.56 * 30.59 29.62 -32.89 42.66 26.16 Benchmark Index (%) -0.55 * 21.83 31.82 -42.57 51.95 31.79 Unit Split - 1 for 8 - - - - Distribution (Sen) 0.85 2.50 7.50 1.25 0.75 2.00 Distribution Yield (%) 3.6 8.5 29.5 7.7 3.4 7.7 12-Month FD Average (%) 3.7 3.7 3.7 3.7 2.5 3.0 EPF Dividend Rate (%) 5.0 5.15 5.8 4.5 5.65 -Notes:* The figure shown is for period since fund commencement.(1) Based on the fund’s portfolio returns as at 15 December 2010, the volatility Factor (vF) for this fund is 16.6 and is classified as “High” (source : Lipper). 17
  • PUBLIC ENHANCED BOND FUND (PEBF) Fund Objective Seeks to provide a combination of annual income and modest capital growth primarily through a portfolio allocation across quality bonds and equities. (1) 3-year Investor’s Risk Profile Fund Volatility 4.7 low Lipper Analytics Conservative to moderate 15 Dec 10 Lipper Leaders (Overall Ratings) : Morningstar RatingTM (Overall) : 4 5 2 [Lipper Mixed Asset Other Conservative Classification Morningstar CategoryTM : MYR Bond calculated out of 11 funds] Consistent Preservation Total Return Return Financial Year End : 31 January Asset Allocation as at 30 December 2010 Launch Date : 19.01.2005 Fixed Income Securities 73.13% Money Market Instruments & Others Approved Fund Size : 1.0 Billion Units 11.62% Current Fund Size : Equities & Derivatives NAv : RM308.87 Million 15.25% UNITS : 282.10 Million Asset Allocation by Country Malaysia 13.47% Performance of Public Enhanced Bond Fund vs its Benchmark China 1.78% Index Over the Following Periods Ended 30 December 2010 PEBF (%) 12-M FD (%) PEBF (%) 12-M FD (%) Total Total Annualised Annualised Return Return Return Return Top 5 Holdings as at 30 December 2010 1-year 8.29 2.75 8.29 2.75 3-year 11.27 9.32 3.62 3.02 Security Name 5-Year 34.56 17.69 6.11 3.31 Public Bank Berhad - 5.10% / 2016 / 2036* Since 43.08 21.63 6.25 3.37 RHB Bank Berhad - 5.00% / 2012 / 2017* Commencement RHB Investment Bank Berhad - 5.30% / 2012 / 2017* Performances of PEBF and 12-Month Fixed Deposits Rate EON Bank Berhad - 8.25% / 2019 / 2039* (Since Fund Commencement* to 30 December 2010) LPI Capital Berhad 48% PEBF 12-Month FD Note: 42% * Bonds. 36%Total Returns 30% 24% 18% 12% 6% 0% -6% Feb-05 Apr-06 Jun-07 Aug-08 Oct-09 Dec-10 Source: Malayan Banking Berhad * Commencement Date - 2 February 2005 Annual Returns for Financial Years Ended January 31 Year 2006 2007 2008 2009 2010 PEBF (%) 7.02 * 10.99 7.75 -5.62 8.83 Benchmark Index - 12-Month FD (%) 3.64 * 3.84 3.70 3.67 2.53 Unit Split 1 for 35 1 for 20 - - - Distribution (Sen) 3.50 5.00 7.25 2.00 2.00 Distribution Yield (%) 3.4 4.7 7.1 2.1 2.0 12-Month FD Average (%) 3.7 3.7 3.7 2.5 3.0 EPF Dividend Rate (%) 5.15 5.8 4.5 5.65 - Notes: * The figure shown is for period since fund commencement. (1) Based on the fund’s portfolio returns as at 15 December 2010, the volatility Factor (vF) for this fund is 4.7 and is classified as “Low” (source : Lipper). 18
  • PUBLIC DIvIDEND SELECT FUND (PDSF) 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. (1) 3-year Investor’s Risk Profile Fund Volatility 15.1 moderate Lipper Analytics Moderate 15 Dec 10 Lipper Leaders (Overall Ratings) : Morningstar RatingTM (Overall) : 5 5 4 [Lipper Equity Malaysia Funds Classification Morningstar CategoryTM : Malaysia Equity calculated out of 125 funds] Consistent Preservation Total Return Return Financial Year End : 31 May Asset Allocation as at 30 December 2010 Fixed Income Securities Launch Date : 03.05.2005 1.64% Money Market Instruments & Others 3.77% Approved Fund Size : 3.0 Billion Units Current Fund Size : NAv : RM531.82 Million Equities & Derivatives 94.59% UNITS : 1,737.59 Million Asset Allocation by Country Performance of Public Dividend Select Fund vs its Benchmark Malaysia 87.94% Index Over the Following Periods Ended 30 December 2010 Singapore 5.28% Hong Kong 1.37% PDSF Benchmark PDSF Benchmark (%) (%) (%) (%) Total Total Annualised Annualised Return Return Return Return Top 5 Sectors as at 30 December 2010 1-year 23.06 20.30 23.06 20.30 3-year 19.97 5.76 6.26 1.89 Sector Name % NAv 5-Year 102.31 69.85 15.13 11.17 Financial 43.71 Since Consumer, Non-cyclical 19.59 111.36 71.45 14.23 10.06 Commencement Communications 10.50 Performances of PDSF and Benchmark Index Consumer, Cyclical 7.48 (Since Fund Commencement* to 30 December 2010) Industrial 5.45 120% PDSF Benchmark 100% 80% Top 5 Holdings as at 30 December 2010 Security NameTotal Returns 60% 40% Public Bank Berhad 20% CIMB Group Holdings Berhad 0% Malayan Banking Berhad IOI Corporation Berhad -20% May-05 Jul-06 Aug-07 Sep-08 Nov-09 Dec-10 Kuala Lumpur Kepong Berhad Benchmark: Kuala Lumpur Composite Index (prior to 6 July 2009). FTSE Bursa Malaysia Top 100 Index (w.e.f. 6 July 2009 to 29 April 2010), 90% FTSE Bursa Malaysia Top 100 Index and 10% 3-Month Kuala Lumpur Interbank Offered Rates (KLIBOR) (w.e.f. 30 April 2010). Underlying index data are sourced from Lipper and Bank Negara Malaysia. * Commencement Date - 17 May 2005 Annual Returns for Financial Years Ended May 31 Year 2006 2007 2008 2009 2010 PDSF (%) 9.03 * 42.33 2.75 -10.16 20.59 Benchmark Index (%) 4.08 * 45.17 -5.26 -18.18 23.97 Unit Split - - - - - Distribution (Sen) 1.25 2.50 5.25 2.00 3.00 Distribution Yield (%) 5.1 7.7 17.9 8.4 11.9 12-Month FD Average (%) 3.7 3.7 3.7 2.5 3.0 EPF Dividend Rate (%) 5.15 5.8 4.5 5.65 - Notes: * The figure shown is for period since fund commencement. (1) Based on the fund’s portfolio returns as at 15 December 2010, the volatility Factor (vF) for this fund is 15.1 and is classified as “Moderate” (source : Lipper). 19
  • PUBLIC ISLAMIC OPPORTUNITIES FUND (PIOF) Fund Objective To achieve capital growth through investments in companies with small market capitalisation which comply with Shariah Principles. (1) 3-year Investor’s Risk Profile Fund Volatility 18.6 very high Lipper Analytics Aggressive 15 Dec 10 Lipper Leaders (Overall Ratings) : Morningstar RatingTM (Overall) : 5 3 4 [Lipper Equity Malaysia Small & Mid Cap Morningstar CategoryTM : Islamic Syariah Equity Classification calculated out of 15 funds] Consistent Preservation Total Return Return Financial Year End : 31 July Asset Allocation as at 30 December 2010 Launch Date : 28.06.2005 Islamic Money Market Instruments & Others 3.03% Approved Fund Size : 1.5 Billion Units Shariah-compliant Equities & Islamic Derivatives Current Fund Size : NAv : RM363.52 Million 96.97% UNITS : 1,061.33 Million Asset Allocation by Country Malaysia 84.17% Performance of Public Islamic Opportunities Fund vs its Singapore 4.46% Benchmark Index Over the Following Periods Ended China 3.43% Korea 2.63% 30 December 2010 Australia 2.28% PIOF Benchmark PIOF Benchmark (%) (%) (%) (%) Total Total Annualised Annualised Top 5 Sectors as at 30 December 2010 Return Return Return Return 1-year 18.46 18.20 18.46 18.20 Sector Name % NAv 3-year 17.72 -4.51 5.59 -1.53 Industrial 30.00 5-Year 123.00 69.85 17.39 11.17 Consumer, Non-cyclical 24.13 Since 126.51 64.04 16.12 9.47 Commencement Energy 12.19 Consumer, Cyclical 10.82 Performances of PIOF and Benchmark Index (Since Fund Commencement* to 30 December 2010) Communications 5.41 140% PIOF Benchmark 120% 100% Top 5 Holdings as at 30 December 2010 80% Security NameTotal Returns 60% KPJ Healthcare Berhad 40% QSR Brands Berhad 20% Time DotCom Berhad 0% Malaysian Resources Corporation Berhad -20% Jul-05 Aug-06 Sep-07 Oct-08 Nov-09 Dec-10 Kossan Rubber Industries Berhad Benchmark: Kuala Lumpur Syariah Index (prior to 1 November 2007). FTSE Bursa Malaysia EMAS Shariah Index (w.e.f. 1 November 2007). Underlying index data are sourced from Lipper. * Commencement Date - 12 July 2005 Annual Returns for Financial Years Ended July 31 Year 2006 2007 2008 2009 2010 PIOF (%) 9.80 * 72.21 -15.20 6.59 24.47 Benchmark Index (%) 2.64 * 54.87 -16.72 -0.10 12.35 Unit Split - - - - - Distribution (Sen) 1.50 4.00 4.00 2.00 2.50 Distribution Yield (%) 6.1 10.9 14.2 7.1 7.7 12-Month FD Average (%) 3.7 3.7 3.7 2.5 3.0 EPF Dividend Rate (%) 5.15 5.8 4.5 5.65 - Notes: * The figure shown is for period since fund commencement. (1) Based on the fund’s portfolio returns as at 15 December 2010, the volatility Factor (vF) for this fund is 18.6 and is classified as “very High” (source : Lipper). 20
  • PUBLIC ISLAMIC BALANCED FUND (PIBF) Fund Objective To provide steady income and capital growth over the medium to long-term period by investing in a portfolio of investments that complies with Shariah requirements. (1) 3-year Investor’s Risk Profile Fund Volatility 11.1 low Lipper Analytics Conservative to moderate 15 Dec 10 Lipper Leaders (Overall Ratings) : Morningstar RatingTM (Overall) : 2 3 1 [Lipper Mixed Asset MYR Balanced Classification Morningstar CategoryTM : Islamic Balanced calculated out of 44 funds] Consistent Preservation Total Return Return Financial Year End : 30 November Asset Allocation as at 30 December 2010 Launch Date : 20.09.2005 Islamic Debt Securities Islamic Money Market Instruments Approved Fund Size : 3.0 Billion Units 12.18% & Others 29.24% Current Fund Size : NAv : RM545.89 Million Shariah-compliant Equities & Islamic UNITS : 1,945.73 Million Derivatives 58.58% Performance of Public Islamic Balanced Fund vs its Benchmark Asset Allocation by Country Index Over the Following Periods Ended 30 December 2010 Malaysia 48.29% Taiwan 2.84% China 2.21% PIBF PIBX PIBF PIBX Australia 1.76% (%) (%) (%) (%) Indonesia 1.27% Total Total Annualised Annualised Korea 1.15% Return Return Return Return United States of America 1.06% 1-year 10.10 11.82 10.10 11.82 3-year -0.25 1.54 -0.08 0.51 Top 5 Sectors as at 30 December 2010 5-Year 47.39 48.26 8.06 8.19 Since Sector Name % NAv 47.45 44.84 7.72 7.35 Commencement Consumer, Non-cyclical 15.53 Performances of PIBF and Public Islamic Balanced Index (PIBX) Industrial 8.81 (Since Fund Commencement* to 30 December 2010) Communications 8.38 54% PIBF PIBX Diversified 8.35 48% 42% Basic Materials 4.95 36% Top 5 Holdings as at 30 December 2010Total Returns 30% 24% 18% Security Name 12% Sime Darby Berhad 6% 0% Axiata Group Berhad -6% IOI Corporation Berhad Oct-05 Aug-06 Jul-07 May-08 Mar-09 Feb-10 Dec-10 Tenaga Nasional Berhad Benchmark: Public Islamic Balanced Index (PIBX) is a composite of 60% the returns of the KLSI and 40% the returns on 3-Month Islamic Interbank Money Market rate. Public Islamic Bank Berhad - 27/01/2011* Effective from 1 November 2007 Bursa Securities replaced KLSI with FTSE Bursa Malaysia EMAS Shariah Index. Note: The Index is an appropriate performance benchmark for balanced fund. * Negotiable Islamic Debt Certificate (NIDC). Underlying index data are sourced from Lipper and Bank Negara Malaysia. * Commencement Date - 10 October 2005 Annual Returns for Financial Years Ended November 30 Year 2006 2007 2008 2009 2010 PIBF (%) 17.90 * 21.72 -26.42 24.68 10.98 Benchmark Index - PIBX (%) 11.80 * 23.80 -25.80 25.30 10.93 Unit Split - - - - - Distribution (Sen) 1.25 2.25 1.00 0.25 1.00 Distribution Yield (%) 4.7 7.5 4.8 1.0 3.6 12-Month FD Average (%) 3.7 3.7 3.7 2.5 3.0 EPF Dividend Rate (%) 5.15 5.8 4.5 5.65 - Notes: * The figure shown is for period since fund commencement. (1) Based on the fund’s portfolio returns as at 15 December 2010, the volatility Factor (vF) for this fund is 11.1 and is classified as “Low” (source : Lipper). 21
  • PUBLIC FAR-EAST SELECT FUND (PFES) Fund Objective To seek long-term capital appreciation by investing in blue chips and growth stocks in domestic and regional markets. (1) 3-year Investor’s Risk Profile Fund Volatility 25.8 very high Lipper Analytics Aggressive 15 Dec 10Lipper Leaders (Overall Ratings) : Morningstar RatingTM (Overall) : 5 1 5[Lipper Equity Asia Pacific Ex-Japan Classification Morningstar CategoryTM : Asia-Pacific Ex-Japan Equitycalculated out of 31 funds] Consistent Preservation Total Return ReturnFinancial Year End : 31 May Asset Allocation as at 30 December 2010Launch Date : 22.11.2005 Fixed Income Securities Money Market Instruments 1.79% & OthersApproved Fund Size : 3.5 Billion Units 2.00%Current Fund Size : NAv : RM473.49 Million Equities & Derivatives UNITS : 1,627.63 Million 96.21% Asset Allocation by CountryPerformance of Public Far-East Select Fund vs its Benchmark China 59.50%Index Over the Following Periods Ended 30 December 2010 Malaysia 13.72% Korea 7.51% PFES Benchmark PFES Benchmark Taiwan 6.15% (%) (%) (%) (%) Hong Kong 5.79% Indonesia 2.06% Total Total Annualised Annualised Australia 0.98% Return Return Return Return Philippines 0.50% 1-year 0.15 8.26 0.15 8.26 3-year -3.49 -7.87 -1.18 -2.70 Top 5 Sectors as at 30 December 2010 5-Year 76.07 41.55 11.97 7.19 Since 76.22 45.18 11.87 7.66 Sector Name % NAv Commencement Financial 25.97Performances of PFES and Benchmark Index Consumer, Cyclical 23.41(Since Fund Commencement* to 30 December 2010) Industrial 20.42 98% PFES Benchmark 84% Communications 15.68 70% Technology 3.91 56%Total Returns 42% 28% Top 5 Holdings as at 30 December 2010 14% Security Name 0% Public Bank Berhad -14% -28% China National Building Material Company Limited - H Shares Dec-05 Dec-06 Dec-07 Dec-08 Dec-09 Dec-10 Bank of China Limited - H SharesBenchmark: Benchmark for PFES is a composite of 70% MSCI AC Far East Ex-Japan Index and 30% Kuala Lumpur Composite Index (prior to 6 July 2009), Intime Department Store (Group) Company Limited 30% FTSE Bursa Malaysia KLCI (6 July 2009 to 29 April 2010). MSCI Far East Ex-Japan Index (w.e.f. 30 April 2010). China Unicom (Hong Kong) Limited Underlying index data are sourced from Lipper and expressed in Ringgit terms.* Commencement Date - 12 December 2005Annual Returns for Financial Years Ended May 31 Year 2006 2007 2008 2009 2010 PFES (%) 4.47 * 38.74 16.87 -14.49 8.54 Benchmark Index (%) 5.52 * 29.91 2.43 -21.92 12.24 Unit Split - - - - - Distribution (Sen) - 4.00 5.50 - 1.75 Distribution Yield (%) - 13.2 17.7 - 6.7 12-Month FD Average (%) 3.7 3.7 3.7 2.5 3.0 EPF Dividend Rate (%) 5.15 5.8 4.5 5.65 -Notes:* The figure shown is for period since fund commencement.(1) Based on the fund’s portfolio returns as at 15 December 2010, the volatility Factor (vF) for this fund is 25.8 and is classified as “very High” (source : Lipper). 22
  • PUBLIC SELECT BOND FUND (PSBF) 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. (1) 3-year Investor’s Risk Profile Fund Volatility 1.5 very low Lipper Analytics Conservative 15 Dec 10 Lipper Leaders (Overall Ratings) : Morningstar RatingTM (Overall) : 3 5 3 [Lipper Bond MYR Classification calculated out of Morningstar CategoryTM : MYR Bond 67 funds] Consistent Preservation Total Return Return Financial Year End : 31 May Asset Allocation as at 30 December 2010 Launch Date : 22.11.2005 Money Market Instruments & Others 14.45% Approved Fund Size : 1.5 Billion Units Current Fund Size : NAv : RM995.27 Million Fixed Income Securities UNITS : 962.40 Million 85.55% Performance of Public Select Bond Fund vs its Benchmark Index Over the Following Periods Ended 30 December 2010 PSBF 12-M FD PSBF 12-M FD (%) (%) (%) (%) Total Total Annualised Annualised Top 5 Holdings as at 30 December 2010 Return Return Return Return Security Name 1-year 4.04 2.75 4.04 2.75 3-year 13.46 9.32 4.30 3.02 Malayan Banking Berhad - 4.00% / 2012 / 2017 5-Year 25.14 17.69 4.59 3.31 RHB Capital Berhad - 08/07/2011* Since RUN Holding SPv Berhad - 2.50% / 2011 25.36 17.90 4.57 3.31 Commencement Berjaya Land Berhad - 8.00% / 2011 Performances of PSBF and 12-Month Fixed Deposits Rate RHB Capital Berhad - 4.80% / 2015 (Since Fund Commencement* to 30 December 2010) 28% Note: PSBF 12-Month FD * Commercial Papers. 24% 20%Total Returns 16% 12% 8% 4% 0% -4% Dec-05 Dec-06 Dec-07 Dec-08 Dec-09 Dec-10 Source: Malayan Banking Berhad * Commencement Date - 12 December 2005 Annual Returns for Financial Years Ended May 31 Year 2006 2007 2008 2009 2010 PSBF (%) 1.28 * 6.95 2.89 3.78 6.00 Benchmark Index - 12-Month FD (%) 1.72 * 3.79 3.70 3.29 2.51 Unit Split - 1 for 25 - - - Distribution (Sen) - 4.50 4.00 2.50 4.50 Distribution Yield (%) - 4.3 4.1 2.5 4.4 12-Month FD Average (%) 3.7 3.7 3.7 2.5 3.0 EPF Dividend Rate (%) 5.15 5.8 4.5 5.65 - Notes: * The figure shown is for period since fund commencement. (1) Based on the fund’s portfolio returns as at 15 December 2010, the volatility Factor (vF) for this fund is 1.5 and is classified as “very Low” (source : Lipper). 23
  • PUBLIC ISLAMIC DIvIDEND FUND (PIDF) Fund Objective To provide income by investing in a portfolio of stocks that complies with Shariah requirements and which offer or have the potential to offer attractive dividend yields. (1) 3-year Investor’s Risk Profile Fund Volatility 13.4 moderate Lipper Analytics Moderate 15 Dec 10 Lipper Leaders (Overall Ratings) : Morningstar RatingTM (Overall) : 3 5 3 [Lipper Equity Malaysia Funds Classification Morningstar CategoryTM : Islamic Syariah Equity calculated out of 125 funds] Consistent Preservation Total Return Return Financial Year End : 30 April Asset Allocation as at 30 December 2010 Launch Date : 14.02.2006 Islamic Money Market Instruments Islamic Debt Securities & Others Approved Fund Size : 9.0 Billion Units 2.35% 2.59% Current Fund Size : NAv : RM2,154.24 Million Shariah-compliant Equities & UNITS : 6,215.48 Million Islamic Derivatives 95.06% Performance of Public Islamic Dividend Fund vs its Benchmark Asset Allocation by Country Malaysia 93.93% Index Over the Following Periods Ended 30 December 2010 Singapore 1.13% PIDF Benchmark PIDF Benchmark (%) (%) (%) (%) Total Total Annualised Annualised Return Return Return Return 1-year 18.78 17.15 18.78 17.15 Top 5 Sectors as at 30 December 2010 3-year 11.10 -5.36 3.57 -1.82 Since Sector Name % NAv 80.32 63.66 13.01 10.76 Commencement Consumer, Non-cyclical 23.84 Communications 20.49 Performances of PIDF and Benchmark Index Diversified 12.35 (Since Fund Commencement* to 30 December 2010) 98% Industrial 10.04 PIDF Benchmark 84% Utilities 8.24 70%Total Returns 56% 42% Top 5 Holdings as at 30 December 2010 28% Security Name 14% Axiata Group Berhad 0% Sime Darby Berhad -14% Mar-06 Feb-07 Feb-08 Jan-09 Jan-10 Dec-10 IOI Corporation Berhad Tenaga Nasional Berhad Benchmark: Kuala Lumpur Syariah Index (prior to 1 November 2007). FTSE Bursa Malaysia EMAS Shariah Index (1 November 2007 to 29 April Telekom Malaysia Berhad 2010), 90% FTSE Bursa Malaysia EMAS Shariah Index and 10% 3-Month Islamic Interbank Money Market Rate (w.e.f. 30 April 2010). Underlying index data are sourced from Lipper and Bank Negara Malaysia. * Commencement Date - 6 March 2006 Annual Returns for Financial Years Ended April 30 Year 2007 2008 2009 2010 PIDF (%) 40.69 * 4.55 -14.51 27.73 Benchmark Index (%) 49.12 * 0.04 -24.21 31.44 Unit Split - - - - Distribution (Sen) 1.60 2.00 1.25 1.25 Distribution Yield (%) 5.0 6.5 4.9 4.0 12-Month FD Average (%) 3.7 3.7 2.5 3.0 EPF Dividend Rate (%) 5.8 4.5 5.65 - Notes: * The figure shown is for period since fund commencement. (1) Based on the fund’s portfolio returns as at 15 December 2010, the volatility Factor (vF) for this fund is 13.4 and is classified as “Moderate” (source : Lipper). 24
  • PUBLIC REGIONAL SECTOR FUND (PRSEC) Fund Objective Fund Award Won To seek long-term capital appreciation by investing in selected - The Edge-Lipper Malaysia Fund Awards 2010 : market sectors. • Equity Asia Pacific, 3 years (1) 3-year Investor’s Risk Profile Fund Volatility 25.5 very high Lipper Analytics Aggressive 15 Dec 10 Lipper Leaders (Overall Ratings) : Morningstar RatingTM (Overall) : 5 1 5 [Lipper Equity Asia Pacific Classification calculated Morningstar CategoryTM : Asia-Pacific Ex-Japan Equity out of 11 funds] Consistent Preservation Total Return Return Financial Year End : 31 May Asset Allocation as at 30 December 2010 Launch Date : 21.03.2006 Fixed Income Securities Money Market Instruments 1.75% & Others Approved Fund Size : 3.0 Billion Units 1.56% Current Fund Size : NAv : RM341.12 Million Equities & Derivatives 96.69% UNITS : 1,335.73 Million Asset Allocation by Country China 55.64% Performance of Public Regional Sector Fund vs its Benchmark Malaysia 13.45% Index Over the Following Periods Ended 30 December 2010 Korea 6.27% Taiwan 5.79% PRSEC Benchmark PRSEC Benchmark Hong Kong 5.07% (%) (%) (%) (%) Indonesia 4.68% Total Total Annualised Annualised Thailand 2.12% Return Return Return Return Australia 2.07% Singapore 1.11% 1-year -2.52 4.30 -2.52 4.30 Philippines 0.49% 3-year -2.53 -11.35 -0.85 -3.93 Since Top 5 Sectors as at 30 December 2010 51.11 19.86 9.13 3.91 Commencement Sector Name % NAv Performances of PRSEC and Benchmark Index Financial 26.56 (Since Fund Commencement* to 30 December 2010) Industrial 26.49 70% Communications 21.41 PRSEC Benchmark 56% Consumer, Cyclical 14.53 42% Basic Materials 4.83Total Returns 28% 14% 0% Top 5 Holdings as at 30 December 2010 -14% Security Name -28% Public Bank Berhad -42% Apr-06 Mar-07 Feb-08 Feb-09 Jan-10 Dec-10 China National Building Material Company Limited - H Shares Benchmark: Benchmark for PRSEC is a composite of 90% MSCI AC Far East Ex-Japan China Unicom (Hong Kong) Limited Index and 10% 3-Month Kuala Lumpur Interbank Offered Rates (KLIBOR). Underlying index data are sourced from Lipper and Bank Negara Malaysia Bank of China Limited - H Shares and expressed in Ringgit terms. * Commencement Date - 10 April 2006 Zhuzhou CSR Times Electric Company Limited - H Shares Annual Returns for Financial Years Ended May 31 Year 2007 2008 2009 2010 PRSEC (%) 27.65 * 11.39 -10.60 7.70 Benchmark Index (%) 15.94 * 5.41 -21.66 8.08 Unit Split - - - - Distribution (Sen) 2.50 5.00 - 1.75 Distribution Yield (%) 9.0 18.4 - 7.6 12-Month FD Average (%) 3.7 3.7 2.5 3.0 EPF Dividend Rate (%) 5.8 4.5 5.65 - Notes: * The figure shown is for period since fund commencement. (1) Based on the fund’s portfolio returns as at 15 December 2010, the volatility Factor (vF) for this fund is 25.5 and is classified as “very High” (source : Lipper). 25
  • PUBLIC ASIA ITTIKAL FUND (PAIF) Fund Objective To achieve capital growth over the medium to long term period by investing in a portfolio of investments in domestic and regional markets that complies with Shariah requirements. (1) 3-year Investor’s Risk Profile Fund Volatility 18.1 high Lipper Analytics Aggressive 15 Dec 10Lipper Leaders (Overall Ratings) : Morningstar RatingTM (Overall) : 4 2 4[Lipper Equity Asia Pacific Classification calculated Morningstar CategoryTM : Islamic Syariah Equityout of 11 funds] Consistent Preservation Total Return ReturnFinancial Year End : 31 October Asset Allocation as at 30 December 2010Launch Date : 22.08.2006 Islamic Money Market Instruments & OthersApproved Fund Size : 5.0 Billion Units 2.76% Shariah-compliant Equities &Current Fund Size : NAv : RM478.95 Million Islamic Derivatives 97.24% UNITS : 1,747.54 Million Asset Allocation by CountryPerformance of Public Asia Ittikal Fund vs its Benchmark Index Taiwan 21.57% Malaysia 19.61%Over the Following Periods Ended 30 December 2010 Korea 19.36% PAIF Benchmark PAIF Benchmark China 17.48% (%) (%) (%) (%) Singapore 9.46% Total Total Annualised Annualised Hong Kong 3.32% Australia 3.16% Return Return Return Return Japan 2.00% 1-year 3.89 8.86 3.89 8.86 Thailand 1.28% 3-year -3.39 -9.30 -1.14 -3.20 Since Top 5 Sectors as at 30 December 2010 31.32 26.70 6.53 5.65 Commencement Sector Name % NAvPerformances of PAIF and Benchmark Index Industrial 28.49(Since Fund Commencement* to 30 December 2010) 56% Technology 14.93 42% PAIF Benchmark Communications 12.63 Consumer, Cyclical 10.43 28% Basic Materials 10.00Total Returns 14% 0% -14% Top 5 Holdings as at 30 December 2010 -28% Security Name -42% Samsung Electronics Company Limited Sep-06 Jul-07 May-08 Apr-09 Feb-10 Dec-10Benchmark: Benchmark for PAIF is a composite of 30% Kuala Lumpur Syariah Index Taiwan Semiconductor Manufacturing Company Limited (prior to 1 November 2007), 30% FTSE Bursa Malaysia EMAS Shariah Hon Hai Precision Industrial Company Limited Index (w.e.f. 1 November 2007) and 70% Dow Jones Islamic Market Asia Ex-Japan IndexSM (prior to 1 January 2009), 70% S&P Shariah BMI Asia Sime Darby Berhad Ex-Japan Index (w.e.f. 1 January 2009). Underlying index data are sourced from Standard and Poor’s, Financial Axiata Group Berhad Services LLC (“S&P”) and Lipper and expressed in Ringgit terms.* Commencement Date - 11 September 2006Annual Returns for Financial Years Ended October 31 Year 2007 2008 2009 2010 PAIF (%) 44.01 * -41.76 41.90 5.89 Benchmark Index (%) 47.40 * -49.22 45.16 11.48 Unit Split - - - - Distribution (Sen) 2.00 - 0.50 1.00 Distribution Yield (%) 6.3 - 1.9 3.8 12-Month FD Average (%) 3.7 3.7 2.5 3.0 EPF Dividend Rate (%) 5.8 4.5 5.65 -Notes:* The figure shown is for period since fund commencement.(1) Based on the fund’s portfolio returns as at 15 December 2010, the volatility Factor (vF) for this fund is 18.1 and is classified as “High” (source : Lipper). 26
  • PUBLIC GLOBAL SELECT FUND (PGSF) Fund Objective To seek long term capital appreciation by investing in equities and collective investment schemes in domestic and global markets. (1) 3-year Investor’s Risk Profile Fund Volatility 16.9 high Lipper Analytics Aggressive 15 Dec 10Lipper Leaders (Overall Ratings) : Morningstar RatingTM (Overall) : 4 2 4[Lipper Equity Global Classification calculated Morningstar CategoryTM : Global Large-Cap Blend Equityout of 34 funds] Consistent Preservation Total Return ReturnFinancial Year End : 31 May Asset Allocation as at 30 December 2010Launch Date : 28.09.2006 Money Market Instruments & OthersApproved Fund Size : 3.0 Billion Units 6.52%Current Fund Size : NAv : RM98.70 Million Equities & Derivatives 93.48% UNITS : 486.43 Million Asset Allocation by Country United States of America 34.16%Performance of Public Global Select Fund vs its Benchmark Index Malaysia 19.71%Over the Following Periods Ended 30 December 2010 China 11.53% European Region 8.31% PGSF Benchmark PGSF Benchmark Indonesia 6.83% (%) (%) (%) (%) Korea 3.98% Total Total Annualised Annualised Australia 3.04% Return Return Return Return Taiwan 2.66% Japan 1.41% 1-year 2.80 -0.68 2.80 -0.68 Hong Kong 0.71% 3-year -15.51 -20.62 -5.46 -7.41 India 0.66% Since Thailand 0.48% -10.03 -16.59 -2.48 -4.22 Commencement Top 5 Sectors as at 30 December 2010Performances of PGSF and Benchmark Index Sector Name % NAv(Since Fund Commencement* to 30 December 2010) Financial 26.19 24% PGSF Benchmark 16% Trusts 21.72 8% Funds 10.41 0% Communications 8.98Total Returns -8% Industrial 8.72 -16% -24% -32% Top 5 Holdings as at 30 December 2010 -40% Security Name -48% Oct-06 Aug-07 Jun-08 Apr-09 Feb-10 Dec-10 DWS (CH) - U.S. EquitiesBenchmark: Benchmark for PGSF is a composite of 90% MSCI All Country World Index Public Bank Berhad and 10% 1-Month Kuala Lumpur Interbank Offered Rates (KLIBOR). Underlying index data are sourced from Lipper and Bank Negara DWS Invest European Equities - FC Malaysia and expressed in Ringgit terms.* Commencement Date - 18 October 2006 SPDR S&P 500 ETF Trust LPI Capital BerhadAnnual Returns for Financial Years Ended May 31 Year 2007 2008 2009 2010 PGSF (%) 7.41 * -11.11 -19.28 6.25 Benchmark Index (%) 6.76 * -7.07 -28.13 4.69 Unit Split - - - - Distribution (Sen) - - - 0.75 Distribution Yield (%) - - - 4.1 12-Month FD Average (%) 3.7 3.7 2.5 3.0 EPF Dividend Rate (%) 5.8 4.5 5.65 -Notes:* The figure shown is for period since fund commencement.(1) Based on the fund’s portfolio returns as at 15 December 2010, the volatility Factor (vF) for this fund is 16.9 and is classified as “High” (source : Lipper). 27
  • PUBLIC FAR-EAST DIvIDEND FUND (PFEDF) Fund Objective Fund Award Won To provide income by investing in a portfolio of stocks in domestic - The Edge-Lipper Malaysia Fund Awards 2010 : and regional markets which offer or have the potential to offer • Equity Asia Pacific Ex-Japan, 3 years attractive dividend yields. (1) 3-year Investor’s Risk Profile Fund Volatility 21.9 very high Lipper Analytics Moderate 15 Dec 10Lipper Leaders (Overall Ratings) : Morningstar RatingTM (Overall) : 2 1 1[Lipper Equity Asia Pacific Ex-Japan Classification Morningstar CategoryTM : Asia-Pacific Ex-Japan Equitycalculated out of 31 funds] Consistent Preservation Total Return ReturnFinancial Year End : 30 November Asset Allocation as at 30 December 2010Launch Date : 28.11.2006 Money Market Instruments & OthersApproved Fund Size : 7.5 Billion Units 7.34%Current Fund Size : NAv : RM684.99 Million Equities & Derivatives 92.66% UNITS : 2,768.85 Million Asset Allocation by CountryPerformance of Public Far-East Dividend Fund vs its Benchmark China 39.74%Index Over the Following Periods Ended 30 December 2010 Malaysia 14.72% Korea 10.68% PFEDF Benchmark PFEDF Benchmark Taiwan 10.38% Australia 7.73% (%) (%) (%) (%) Singapore 3.63% Total Total Annualised Annualised Hong Kong 3.48% Return Return Return Return Indonesia 2.30% 1-year -0.63 6.99 -0.63 6.99 3-year -11.94 -8.95 -4.15 -3.08 Since Top 5 Sectors as at 30 December 2010 18.56 17.64 4.31 4.11 Commencement Sector Name % NAvPerformances of PFEDF and Benchmark Index Consumer, Cyclical 21.55(Since Fund Commencement* to 30 December 2010) Financial 19.72 48% PFEDF Benchmark Industrial 18.42 36% Basic Materials 11.41 24% 12% Communications 8.97Total Returns 0% -12% -24% Top 5 Holdings as at 30 December 2010 -36% Security Name -48% Dec-06 Oct-07 Jul-08 May-09 Mar-10 Dec-10 Public Bank BerhadBenchmark: Benchmark for PFEDF is a composite of 70% MSCI AC Far-East Ex-Japan Samsung Electronics Company Limited Index (prior to 30 April 2010) and 30% Kuala Lumpur Composite Index (prior to 6 July 2009), 30% FTSE Bursa Malaysia KLCI (6 July 2009 to 29 LPI Capital Berhad April 2010). Air China Limited - H Shares 90% MSCI AC Far-East Ex-Japan Index and 10% 3-Month Kuala Lumpur Interbank Offered Rates (KLIBOR) (w.e.f. 30 April 2010). Far Eastern Department Stores Limited Underlying index data are sourced from Lipper and Bank Negara Malaysia and expressed in Ringgit terms.* Commencement Date - 18 December 2006Annual Returns for Financial Years Ended November 30 Year 2007 2008 2009 2010 PFEDF (%) 30.17 * -39.86 44.04 6.86 Benchmark Index (%) 30.77 * -48.91 58.16 9.19 Unit Split - - - - Distribution (Sen) 2.00 0.35 0.25 0.50 Distribution Yield (%) 6.9 2.1 1.0 2.0 12-Month FD Average (%) 3.7 3.7 2.5 3.0 EPF Dividend Rate (%) 5.8 4.5 5.65 -Notes:* The figure shown is for period since fund commencement.(1) Based on the fund’s portfolio returns as at 15 December 2010, the volatility Factor (vF) for this fund is 21.9 and is classified as “very High” (source : Lipper). 28
  • PUBLIC ISLAMIC ENHANCED BOND FUND (PIEBF) Fund Objective Seeks to provide a combination of annual income and modest capital growth primarily through a portfolio allocation across Islamic debt securities and equities which comply with Shariah requirements. Investor’s Risk Profile Conservative to moderate Lipper Leaders (Overall Ratings) : Morningstar RatingTM (Overall) : 2 2 1 [Lipper Bond MYR Classification calculated out of Morningstar CategoryTM : Islamic Balanced 67 funds] Consistent Preservation Total Return Return Financial Year End : 31 December Asset Allocation as at 30 December 2010 Launch Date : 28.11.2006 Islamic Debt Securities Islamic Money Market Instruments 73.88% & Others Approved Fund Size : 500 Million Units 8.34% Current Fund Size : NAv : RM79.72 Million Shariah-compliant Equities & Islamic (Cum Distribution) UNITS : 73.68 Million Derivatives 17.78% Performance of Public Islamic Enhanced Bond Fund vs its Asset Allocation by Country Malaysia 8.40% Benchmark Index Over the Following Periods Ended Korea 3.43% 30 December 2010 China 2.79% Singapore 1.94% PIEBF 12-M GIA PIEBF 12-M GIA Taiwan 1.22% (%) (%) (%) (%) Total Total Annualised Annualised Top 5 Holdings as at 30 December 2010 Return Return Return Return 1-year 4.87 2.92 4.87 2.92 Security Name 3-year 10.07 9.68 3.25 3.13 Diversified venue Sendirian Berhad - 6.10% / 2013* Since 16.47 13.88 3.85 3.27 Commencement CJ Capital Sendirian Berhad - 4.20% / 2014* Malakoff Corporation Berhad - 6.682% / 2022* Performances of PIEBF and 12-Month General Investment Kapar Energy ventures Sendirian Berhad - 6.55% / 2012* Account (GIA) Rates (Since Fund Commencement* to MTD Infraperdana Berhad - 5.30% / 2020* 30 December 2010) Note: 20% * Sukuk (Islamic Bonds). PIEBF 12-Month GIA 16%Total Returns 12% 8% 4% 0% -4% Dec-06 Aug-07 Apr-08 Dec-08 Aug-09 Apr-10 Dec-10 Source: Bank Negara Malaysia * Commencement Date - 18 December 2006 Annual Returns for Financial Years Ended December 31 Year 2007 2008 2009 2010 PIEBF (%) 5.81 * -4.73 10.18 4.87 Benchmark Index - 12-Month GIA (%) 3.83 * 3.49 3.00 2.92 Unit Split - - - - Distribution (Sen) 3.50 1.75 2.00 3.00 Distribution Yield (%) 3.4 1.8 1.9 2.8 12-Month FD Average (%) 3.7 3.7 2.5 3.0 EPF Dividend Rate (%) 5.8 4.5 5.65 - Note: * The figure shown is for period since fund commencement. 29
  • PUBLIC FAR-EAST BALANCED FUND (PFEBF) Fund Objective To provide income and capital growth over the medium to long- term period. (1) 3-year Investor’s Risk Profile Fund Volatility 16.1 high Lipper Analytics Conservative to moderate 15 Dec 10 Lipper Leaders (Overall Ratings) : Morningstar RatingTM (Overall) : 3 1 2 [Lipper Mixed Asset MYR Balanced-Global Morningstar CategoryTM : Asia Balanced Classification calculated out of 15 funds] Consistent Preservation Total Return Return Financial Year End : 30 April Asset Allocation as at 30 December 2010 Launch Date : 23.01.2007 Fixed Income Securities Money Market Instruments 27.00% & Others 16.94% Approved Fund Size : 3.8 Billion Units Equities & Derivatives Current Fund Size : NAv : RM358.41 Million 56.06% UNITS : 1,597.99 Million Asset Allocation by Country Korea 12.03% Performance of Public Far-East Balanced Fund vs its Benchmark Malaysia 11.79% China 11.71% Index Over the Following Periods Ended 30 December 2010 Hong Kong 7.70% Taiwan 5.96% PFEBF Benchmark PFEBF Benchmark Singapore 5.04% (%) (%) (%) (%) Japan 1.52% Total Total Annualised Annualised Indonesia 0.31% Return Return Return Return 1-year 2.75 3.92 2.75 3.92 Top 5 Sectors as at 30 December 2010 3-year -1.73 -3.06 -0.58 -1.03 Since Sector Name % NAv 10.07 12.71 2.50 3.13 Comencement Consumer, Cyclical 15.98 Performances of PFEBF and Benchmark Index Financial 14.93 (Since Fund Commencement* to 30 December 2010) Industrial 11.33 32% Technology 5.51 PFEBF Benchmark 24% Consumer, Non-cyclical 4.96 16%Total Returns 8% 0% Top 5 Holdings as at 30 December 2010 -8% Security Name -16% Public Bank Berhad -24% Public Bank Berhad - 5.10% / 2016 / 2036* -32% Feb-07 Nov-07 Aug-08 Jun-09 Mar-10 Dec-10 RHB Investment Bank Berhad - 5.30% / 2012 / 2017* Benchmark: Benchmark for PFEBF is a composite of 60% MSCI AC Far-East Malakoff Corporation Berhad - 5.883% / 2014* Ex-Japan Index and 40% 3-Month Kuala Lumpur Interbank Offered Rates (KLIBOR). Samsung SDI Company Limited Underlying index data are sourced from Lipper and Bank Negara Malaysia and expressed in Ringgit terms. Note: * Commencement Date - 12 February 2007 * Bonds. Annual Returns for Financial Years Ended April 30 Year 2008 2009 2010 PFEBF (%) 4.60 * -15.33 17.60 Benchmark Index (%) 9.58 * -18.43 18.28 Unit Split - - - Distribution (Sen) 1.75 - 1.50 Distribution Yield (%) 7.6 - 7.1 12-Month FD Average (%) 3.7 2.5 3.0 EPF Dividend Rate (%) 4.5 5.65 - Notes: * The figure shown is for period since fund commencement. (1) Based on the fund’s portfolio returns as at 15 December 2010, the volatility Factor (vF) for this fund is 16.1 and is classified as “High” (source : Lipper). 30
  • PUBLIC GLOBAL BALANCED FUND (PGBF) Fund Objective 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. (1) 3-year Investor’s Risk Profile Fund Volatility 11.3 low Lipper Analytics Conservative to moderate 15 Dec 10 Lipper Leaders (Overall Ratings) : Morningstar RatingTM (Overall) : 1 2 1 [Lipper Mixed Asset MYR Balanced-Global Morningstar CategoryTM : Dollar Moderate Balanced Classification calculated out of 15 funds] Consistent Preservation Total Return Return Financial Year End : 30 April Asset Allocation as at 30 December 2010 Launch Date : 23.01.2007 Fixed Income Securities Money Market Instruments 38.16% & Others 2.45% Approved Fund Size : 1.5 Billion Units Current Fund Size : NAv : RM74.94 Million Equities & Derivatives 59.39% UNITS : 348.44 Million Asset Allocation by Country United States of America 23.04% Performance of Public Global Balanced Fund vs its Benchmark Malaysia 13.51% Index Over the Following Periods Ended 30 December 2010 China 6.58% European Region 5.56% PGBF Benchmark PGBF Benchmark Indonesia 3.76% (%) (%) (%) (%) Australia 1.99% Total Total Annualised Annualised Taiwan 1.92% Return Return Return Return Korea 1.59% Japan 1.15% 1-year 3.39 0.61 3.39 0.61 Thailand 0.29% 3-year -9.11 -10.46 -3.13 -3.62 Since Commencement -6.17 -7.88 -1.63 -2.09 Top 5 Sectors as at 30 December 2010 Sector Name % NAv Performances of PGBF and Benchmark Index Financial 18.50 (Since Fund Commencement* to 30 December 2010) 12% Trusts 17.61 PGBF Benchmark 6% Funds 6.34 0% Communications 4.44 Industrial 3.62Total Returns -6% -12% Top 5 Holdings as at 30 December 2010 -18% -24% Security Name -30% Malakoff Corporation Berhad - 5.883% / 2014* -36% DWS (CH) - U.S. Equities Feb-07 Nov-07 Aug-08 Jun-09 Mar-10 Dec-10 Benchmark: Benchmark for PGBF is a composite of 60% MSCI All Country World Syarikat Bekalan Air Selangor Sendirian Berhad - 3.00% / 2017* Index and 40% 3-Month Kuala Lumpur Interbank Offered Rates (KLIBOR). Public Bank Berhad Underlying index data are sourced from Lipper and Bank Negara Rantau Abang Capital Berhad - 4.39% / 2011* Malaysia and expressed in Ringgit terms. * Commencement Date - 12 February 2007 Note: * Bonds. Annual Returns for Financial Years Ended April 30 Year 2008 2009 2010 PGBF (%) -5.62 * -15.76 14.68 Benchmark Index (%) -2.31 * -19.73 13.97 Unit Split - - - Distribution (Sen) - - 0.50 Distribution Yield (%) - - 2.4 12-Month FD Average (%) 3.7 2.5 3.0 EPF Dividend Rate (%) 4.5 5.65 - Notes: * The figure shown is for period since fund commencement. (1) Based on the fund’s portfolio returns as at 15 December 2010, the volatility Factor (vF) for this fund is 11.3 and is classified as “Low” (source : Lipper). 31
  • PUBLIC ISLAMIC ASIA DIvIDEND FUND (PIADF) Fund Objective To provide income by investing in a portfolio of stocks in domestic and regional markets that complies with Shariah requirements and which offer or have the potential to offer attractive dividend yields. (1) 3-year Investor’s Risk Profile Fund Volatility 18.4 very high Moderate Lipper Analytics 15 Dec 10 Lipper Leaders (Overall Ratings) : Morningstar RatingTM (Overall) : 3 3 2 [Lipper Equity Asia Pacific Ex-Japan Classification Morningstar CategoryTM : Islamic Syariah Equity calculated out of 31 funds] Consistent Preservation Total Return Return Financial Year End : 30 April Asset Allocation as at 30 December 2010 Launch Date : 03.04.2007 Islamic Money Market Instruments Approved Fund Size : 6.5 Billion Units & Others 2.61% Current Fund Size : NAv : RM771.70 Million Shariah-compliant Equities & UNITS : 3,272.75 Million Islamic Derivatives 97.39% Performance of Public Islamic Asia Dividend Fund vs its Asset Allocation by Country Benchmark Index Over the Following Periods Ended Malaysia 35.41% 30 December 2010 Taiwan 21.74% China 13.93% PIADF Benchmark PIADF Benchmark Singapore 13.23% (%) (%) (%) (%) Korea 9.80% Total Total Annualised Annualised Thailand 2.07% Return Return Return Return Hong Kong 1.21% 1-year 8.68 8.86 8.68 8.86 3-year -5.24 -9.30 -1.78 -3.20 Top 5 Sectors as at 30 December 2010 Since 7.24 5.86 1.91 1.56 Commencement Sector Name % NAv Performances of PIADF and Benchmark Index Communications 26.44 (Since Fund Commencement* to 30 December 2010) Industrial 23.12 30% Technology 11.19 PIADF Benchmark 20% Diversified 9.53 10% Consumer, Non-cyclical 8.91Total Returns 0% -10% -20% Top 5 Holdings as at 30 December 2010 -30% Security Name -40% DiGi.Com Berhad -50% Apr-07 Dec-07 Jul-08 Feb-09 Oct-09 May-10 Dec-10 Samsung Electronics Company Limited Benchmark: Benchmark for PIADF is a composite of 30% Kuala Lumpur Syariah Index Taiwan Semiconductor Manufacturing Company Limited (prior to 1 November 2007), 30% FTSE Bursa Malaysia EMAS Shariah Index (w.e.f. 1 November 2007) and 70% Dow Jones Islamic Market Asia Sime Darby Berhad Ex-Japan IndexSM (prior to 1 January 2009), 70% S&P Shariah BMI Asia Ex-Japan Index (w.e.f. 1 January 2009). China Mobile Limited Underlying index data are sourced from Standard & Poor’s, Financial Services LLC (“S&P”) and Lipper and expressed in Ringgit terms. * Commencement Date - 23 April 2007 Annual Returns for Financial Years Ended April 30 Year 2008 2009 2010 PIADF (%) -1.83 * -21.35 27.85 Benchmark Index (%) 4.55 * -29.26 30.13 Unit Split - - - Distribution (Sen) 0.40 0.25 0.75 Distribution Yield (%) 1.8 1.4 3.5 12-Month FD Average (%) 3.7 2.5 3.0 EPF Dividend Rate (%) 4.5 5.65 - Notes: * The figure shown is for period since fund commencement. (1) Based on the fund’s portfolio returns as at 15 December 2010, the volatility Factor (vF) for this fund is 18.4 and is classified as “very High” (source : Lipper). 32
  • PUBLIC CHINA SELECT FUND (PCSF) 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. 3-year (1) Investor’s Risk Profile Fund Volatility 26.9 very high Lipper Analytics Aggressive 15 Dec 10 Lipper Leaders (Overall Ratings) : Morningstar RatingTM (Overall) : N/A 1 N/A [Lipper Equity Greater China Funds Classification Morningstar CategoryTM : China Equity calculated out of 11 funds] Consistent Preservation Total Return Return Financial Year End : 31 July Asset Allocation as at 30 December 2010 Launch Date : 05.06.2007 Money Market Instruments & Others Approved Fund Size : 15.0 Billion Units 4.86% Current Fund Size : NAv : RM1,484.20 Million Equities & Derivatives 95.14% UNITS : 7,902.45 Million Asset Allocation by Country China 59.15% Performance of Public China Select Fund vs its Benchmark Taiwan 27.22% Index Over the Following Periods Ended 30 December 2010 United States of America 6.71% Hong Kong 2.06% PCSF Benchmark PCSF Benchmark (%) (%) (%) (%) Total Total Annualised Annualised Return Return Return Return Top 5 Sectors as at 30 December 2010 1-year -5.49 -1.05 -5.49 -1.05 Sector Name % NAv 3-year -26.67 -12.21 -9.82 -4.25 Since Financial 22.36 -19.98 0.69 -6.14 0.20 Commencement Industrial 22.00 Performances of PCSF and Benchmark Index Communications 18.24 (Since Fund Commencement* to 30 December 2010) Consumer, Cyclical 17.48 40% Technology 6.61 PCSF Benchmark 30% 20% 10% Top 5 Holdings as at 30 December 2010Total Returns 0% -10% Security Name -20% Apple Incorporation -30% -40% China Mobile Limited -50% China Construction Bank Corporation - H Shares -60% Industrial and Commercial Bank of China Limited - H Shares Jun-07 Jan-08 Aug-08 Mar-09 Oct-09 May-10 Dec-10 Benchmark: Benchmark for PCSF is a composite of 40% Hang Seng China Enterprises Far Eastern Department Stores Limited Index (HSCEI), 30% Hang Seng Index (HSI) and 30% Taiwan (TAIEX) Index (prior to 1 January 2009), MSCI Golden Dragon Index (w.e.f. 1 January 2009). Underlying index data are sourced from Lipper and expressed in Ringgit terms. * Commencement Date - 25 June 2007 Annual Returns for Financial Years Ended July 31 Year 2008 2009 2010 PCSF (%) -18.07 * 0.21 -9.34 Benchmark Index (%) -6.72 * 3.26 -5.65 Unit Split - - - Distribution (Sen) - - - Distribution Yield (%) - - - 12-Month FD Average (%) 3.7 2.5 3.0 EPF Dividend Rate (%) 4.5 5.65 - Notes: * The figure shown is for period since fund commencement. (1) Based on the fund’s portfolio returns as at 15 December 2010, the volatility Factor (vF) for this fund is 26.9 and is classified as “very High” (source : Lipper). 33
  • PUBLIC ISLAMIC MONEY MARKET FUND (PIMMF) Fund Objective To provide liquidity and current income, while maintaining capital stability by investing in instruments that comply with Shariah requirements. (1) 3-year Investor’s Risk Profile Fund Volatility 0.2 very low Lipper Analytics Conservative 15 Dec 10 Morningstar RatingTM (Overall) : Morningstar CategoryTM : Islamic Money Market Financial Year End : 30 June Asset Allocation as at 30 December 2010 Launch Date : 05.06.2007 Islamic Debt Securities 9.90% Approved Fund Size : 1.0 Billion Units Islamic Money Market Instruments & Others Current Fund Size : NAv : RM437.56 Million 90.10% UNITS : 428.54 Million Performance of Public Islamic Money Market Fund vs its Benchmark Index Over the Following Periods Ended 30 December 2010 PIMMF Benchmark PIMMF Benchmark (%) (%) (%) (%) Top 5 Holdings as at 30 December 2010 Total Total Annualised Annualised Return Return Return Return Security Name 1-year 2.24 2.51 2.24 2.51 Rantau Abang Capital Berhad - 4.39% / 2011** 3-year 7.50 8.64 2.44 2.80 Public Islamic Bank Berhad - 29/03/2011* Since 9.10 10.86 2.47 2.93 Pengurusan Air SPv Berhad - 08/02/2011*** Commencement Public Islamic Bank Berhad - 01/04/2011* Performances of PIMMF and Benchmark Index Public Islamic Bank Berhad - 15/03/2011* (Since Fund Commencement* to 30 December 2010) Notes: 12% * Negotiable Islamic Debt Certificate (NIDC). PIMMF Benchmark ** Sukuk (Islamic Bonds). 10% *** Islamic Commercial Papers (ICP). 8%Total Returns 6% 4% 2% 0% -2% Jun-07 Jan-08 Aug-08 Mar-09 Oct-09 May-10 Dec-10 Benchmark: 3-Month Islamic Interbank Money Market Rates (IIMMR) (prior to 30 April 2010). 1-Month Islamic Interbank Money Market Rates (IIMMR) (w.e.f. 30 April 2010). Source: Bank Negara Malaysia * Commencement Date - 5 June 2007 Annual Returns for Financial Years Ended June 30 Year 2008 2009 2010 PIMMF (%) 3.06 * 2.60 1.90 Benchmark Index (%) 3.25 * 3.03 2.29 Unit Split - - - Distribution (Sen) 2.00 2.50 2.00 Distribution Yield (%) 2.0 2.5 2.0 12-Month FD Average (%) 3.7 2.5 3.0 EPF Dividend Rate (%) 4.5 5.65 - Notes: * The figure shown is for period since fund commencement. (1) Based on the fund’s portfolio returns as at 15 December 2010, the volatility Factor (vF) for this fund is 0.2 and is classified as “very Low” (source : Lipper). 34
  • PUBLIC FAR-EAST PRoPERTY & RESoRTS FUnD (PFEPRF) 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. Investor’s Risk Profile Moderate Lipper Leaders (Overall Ratings) : Morningstar RatingTM (Overall) : N/A 1 N/A [Lipper Equity Sector Real Estate Asia Pacific Funds Morningstar CategoryTM : Sector Equity Real Estate Indirect-Asia Classification calculated out of 4 funds] Consistent Preservation Total Return Return Financial Year End : 31 July Asset Allocation as at 30 December 2010 Launch Date : 10.07.2007 Fixed Income Securities Money Market Instruments 0.66% & Others Approved Fund Size : 3.375 Billion Units 5.22% Current Fund Size : NAv : RM468.55 Million Equities & Derivatives 94.12% UNITS : 2,015.59 Million Asset Allocation by Country Malaysia 36.92% Performance of Public Far-East Property & Resorts Fund vs its Singapore 34.96% Benchmark Index Over the Following Periods Ended China 10.03% Indonesia 4.02% 30 December 2010 Australia 3.03% Thailand 2.70% PFEPRF Benchmark PFEPRF Benchmark Korea 1.08% (%) (%) (%) (%) Philippines 0.80% Total Total Annualised Annualised Hong Kong 0.58% Return Return Return Return 1-year 3.75 8.22 3.75 8.22 Top 5 Sectors as at 30 December 2010 3 Year -1.10 -26.76 -0.37 -9.86 Since Sector Name % NAv -2.64 -29.58 -0.78 -9.74 Commencement REITS 43.24 Performances of PFEPRF and Benchmark Index Real Estate 30.12 (Since Fund Commencement* to 30 December 2010) Retail 5.64 16% PFEPRF Benchmark Engineering & Construction/Real Estate 5.22 8% Home Builders 2.84 0% -8%Total Returns -16% -24% Top 5 Holdings as at 30 December 2010 -32% -40% Security Name -48% CDL Hospitality Trusts -56% IGB Corporation Berhad -64% Jul-07 Apr-08 Dec-08 Aug-09 Apr-10 Dec-10 Suntec Real Estate Investment Trust Benchmark: Benchmark for PFEPRF is a customised Asia Pacific Real Estate Sector Sunway Real Estate Investment Trust Index by Dow Jones IndexesSM (prior to 1 January 2009), customised index based on the constituents within the real estate sector of CapitaCommercial Trust Standard & Poor’s BMI Asia Pacific Index (w.e.f. 1 January 2009). Index data is sourced from Standard & Poor’s, Financial Services LLC (“S&P”) and expressed in Ringgit terms. * Commencement Date - 30 July 2007 Annual Returns for Financial Years Ended July 31 Year 2008 2009 2010 PFEPRF (%) -29.04 * 25.76 1.61 Benchmark Index (%) -32.06 * -7.43 -3.00 Unit Split - - - Distribution (Sen) - - 1.00 Distribution Yield (%) - - 4.6 12-Month FD Average (%) 3.7 2.5 3.0 EPF Dividend Rate (%) 4.5 5.65 - Note: * The figure shown is for period since fund commencement. 35
  • PUBLIC ISLAMIC SELECT BOND FUND (PISBF) Fund Objective To provide annual income through investments in Islamic debt securities which have remaining maturities of 7 years and below and Islamic money market instruments. Investor’s Risk Profile Conservative Lipper Leaders (Overall Ratings) : Morningstar RatingTM (Overall) : 3 5 3 [Lipper Bond MYR Classification calculated Morningstar CategoryTM : Islamic Global Bond out of 67 funds] Consistent Preservation Total Return Return Financial Year End : 31 July Asset Allocation as at 30 December 2010 Launch Date : 10.07.2007 Islamic Money Market Instruments & Others 21.69% Approved Fund Size : 500 Million Units Current Fund Size : NAv : RM58.35 Million Islamic Debt Securities 78.31% UNITS : 56.56 Million Performance of Public Islamic Select Bond Fund vs its Benchmark Index Over the Following Periods Ended 30 December 2010 PISBF 12-M GIA PISBF 12-M GIA (%) (%) (%) (%) Top 5 Holdings as at 30 December 2010 Total Total Annualised Annualised Return Return Return Return Security Name 1-year 4.65 2.92 4.65 2.92 Special Power vehicle Berhad - 3.00% / 2016* 3-year 14.68 9.68 4.67 3.13 CJ Capital Sendirian Berhad - 3.30% / 2011* Since 15.82 11.38 4.39 3.20 Diversified venue Sendirian Berhad - 6.10% / 2013* Commencement Malakoff Corporation Berhad - 5.883% / 2014* Performances of PISBF and 12-Month General Investment Cagamas Berhad - 4.62% / 2014* Account (GIA) Rates Note: (Since Fund Commencement* to 30 December 2010) * Sukuk (Islamic Bonds). 18% PISBF 12-Month GIA 16% 14% 12%Total Returns 10% 8% 6% 4% 2% 0% -2% Jul-07 Apr-08 Dec-08 Aug-09 Apr-10 Dec-10 Source: Bank Negara Malaysia * Commencement Date - 30 July 2007 Annual Returns for Financial Years Ended July 31 Year 2008 2009 2010 PISBF (%) 0.25 * 7.10 5.88 Benchmark Index - 12-Month GIA (%) 3.67 * 3.17 2.84 Unit Split - - 1 for 50 Distribution (Sen) 1.50 3.50 5.00 Distribution Yield (%) 1.5 3.4 4.8 12-Month FD Average (%) 3.7 2.5 3.0 EPF Dividend Rate (%) 4.5 5.65 - Note: * The figure shown is for period since fund commencement. 36
  • PUBLIC ISLAMIC ASIA BALANCED FUND (PIABF) Fund Objective To provide income and capital growth over the medium to long-term period by investing in a portfolio of investments in domestic and regional markets that complies with Shariah requirements. Investor’s Risk Profile Conservative to moderate Lipper Leaders (Overall Ratings) : Morningstar RatingTM (Overall) : 3 1 1 [Lipper Mixed Asset MYR Balanced-Global Morningstar CategoryTM : Islamic Balanced Classification calculated out of 15 funds] Consistent Preservation Total Return Return Financial Year End : 31 October Asset Allocation as at 30 December 2010 Launch Date : 21.08.2007 Islamic Money Market Instruments Islamic Debt Securities & Others Approved Fund Size : 1.5 Billion Units 29.53% 10.34% Current Fund Size : NAv : RM100.59 Million UNITS : 437.56 Million Shariah-compliant Equities & Islamic Derivatives Performance of Public Islamic Asia Balanced Fund vs its 60.13% Benchmark Index Over the Following Periods Ended Asset Allocation by Country 30 December 2010 Korea 22.60% Malaysia 13.95% PIABF Benchmark PIABF Benchmark China 10.26% (%) (%) (%) (%) Taiwan 7.41% Total Total Annualised Annualised Singapore 3.13% Return Return Return Return Hong Kong 1.92% Japan 0.86% 1-year 2.08 4.23 2.08 4.23 3-year -7.82 -2.59 -2.68 -0.87 Since Top 5 Sectors as at 30 December 2010 -4.99 -1.87 -1.53 -0.57 Commencement Sector Name % NAv Performances of PIABF and Benchmark Index Industrial 13.39 (Since Fund Commencement* to 30 December 2010) Communications 10.25 12% PIABF Benchmark Technology 8.70 6% Consumer, Non-cyclical 7.99 0% -6% Basic Materials 6.62Total Returns -12% -18% Top 5 Holdings as at 30 December 2010 -24% -30% Security Name -36% Kapar Energy ventures Sendirian Berhad - 7.00% / 2014* -42% Sep-07 May-08 Jan-09 Sep-09 May-10 Dec-10 Malakoff Corporation Berhad - 5.883% / 2014* Benchmark: Benchmark for PIABF is a composite of 60% Dow Jones Islamic Market Lembaga Kemajuan Perusahaan Pertanian Negeri Pahang - 5.75% / 2011* Asia Ex-Japan IndexSM (prior to 1 January 2009), 60% S&P Shariah BMI Asia Ex-Japan Index (w.e.f. 1 January 2009) and 40% 3-month Islamic Diversified venue Sendirian Berhad - 4.65% / 2011* Interbank Money Market (IIMM) rate. China Mobile Limited U nderlying index data are sourced from Standard & Poor’s, Financial Services LLC (“S&P”) and Bank negara Malaysia and expressed in Ringgit Note: terms. * Sukuk (Islamic Bonds). * Commencement Date - 10 September 2007 Annual Returns for Financial Years Ended October 31 Year 2008 2009 2010 PIABF (%) -28.88 * 25.08 4.18 Benchmark Index (%) -30.12 * 27.21 6.49 Unit Split - - - Distribution (Sen) - - 0.75 Distribution Yield (%) - - 3.3 12-Month FD Average (%) 3.7 2.5 3.0 EPF Dividend Rate (%) 4.5 5.65 - Note: * The figure shown is for period since fund commencement. 37
  • PUBLIC SOUTH-EAST ASIA SELECT FUND (PSEASF) 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. Investor’s Risk Profile AggressiveLipper Leaders (Overall Ratings) : Morningstar RatingTM (Overall) : N/A 2 N/A[Lipper Equity ASEAN Funds Classification Morningstar CategoryTM : ASEAN Equitycalculated out of 5 funds] Consistent Preservation Total Return ReturnFinancial Year End : 31 October Asset Allocation as at 30 December 2010Launch Date : 02.10.2007 Money Market Instruments Fixed Income Securities & OthersApproved Fund Size : 7.5 Billion Units 5.20% 4.83%Current Fund Size : NAv : RM742.08 Million Equities & Derivatives UNITS : 2,724.74 Million 89.97% Asset Allocation by CountryPerformance of Public South-East Asia Select Fund vs its Malaysia 34.90%Benchmark Index Over the Following Periods Ended Singapore 30.10% Indonesia 20.46%30 December 2010 Thailand 3.50% Philippines 1.01% PSEASF Benchmark PSEASF Benchmark (%) (%) (%) (%) Total Total Annualised Annualised Return Return Return Return Top 5 Sectors as at 30 December 2010 1-Year 18.44 14.82 18.44 14.82 3-year 8.77 5.28 2.84 1.73 Sector Name % NAv Since 12.90 6.93 3.87 2.12 Financial 47.63 Commencement Industrial 12.23Performances of PSEASF and Benchmark Index Consumer, Cyclical 6.60(Since Fund Commencement* to 30 December 2010) Utilities 6.17 16% 8% PSEASF Benchmark Basic Materials 4.86 0% -8% Top 5 Holdings as at 30 December 2010Total Returns -16% -24% Security Name -32% -40% Public Bank Berhad -48% Tenaga Nasional Berhad -56% CDL Hospitality Trusts Oct-07 Jun-08 Jan-09 Sep-09 May-10 Dec-10 DBS Group Holdings LimitedBenchmark: Benchmark for PSEASF is a composite of 35% Straits Times Index, 30% Kuala Lumpur Composite Index (prior to 6 July 2009), 30% FTSE Bursa United Overseas Bank Limited Malaysia KLCI (w.e.f. 6 July 2009), 15% Jakarta Composite Index, 15% Stock Exchange of Thailand Index and 5% Philippine Stock Exchange Index (prior to 30 April 2010), FTSE/ASEAN 40 Index (w.e.f. 30 April 2010). Underlying index data are sourced from Lipper and expressed in Ringgit terms.* Commencement Date - 22 October 2007Annual Returns for Financial Years Ended October 31 Year 2008 2009 2010 PSEASF (%) -42.12 * 54.73 25.73 Benchmark Index (%) -45.61 * 60.09 22.52 Unit Split - - - Distribution (Sen) - - 1.00 Distribution Yield (%) - - 3.7 12-Month FD Average (%) 3.7 2.5 3.0 EPF Dividend Rate (%) 4.5 5.65 -Note:* The figure shown is for period since fund commencement. 38
  • PUBLIC SECTOR SELECT FUND (PSSF) Fund Objective To seek long-term capital appreciation by investing in a portfolio of securities from selected market sectors in the domestic market. Investor’s Risk Profile Aggressive Lipper Leaders (Overall Ratings) : Morningstar RatingTM (Overall) : 5 3 5 [Lipper Equity Malaysia Fund calculated out of 125 Morningstar CategoryTM : Malaysia Equity funds] Consistent Preservation Total Return Return Financial Year End : 31 October Asset Allocation as at 30 December 2010 Fixed Income Securities Launch Date : 13.11.2007 0.18% Money Market Instruments & Others 5.63% Approved Fund Size : 3.0 Billion Units Equities & Derivatives Current Fund Size : NAv : RM587.81 Million 94.19% UNITS : 1,964.32 Million Asset Allocation by Country Malaysia 94.19% Performance of Public Sector Select Fund vs its Benchmark Index Over the Following Periods Ended 30 December 2010 PSSF Benchmark PSSF Benchmark (%) (%) (%) (%) Total Total Annualised Annualised Top 5 Sectors as at 30 December 2010 Return Return Return Return 1-year 29.30 21.76 29.30 21.76 Sector Name % NAv 3-year 26.23 7.05 8.07 2.30 Financial 37.96 Since Communications 17.34 29.92 8.99 8.88 2.84 Commencement Industrial 12.54 Performances of PSSF and Benchmark Index Consumer, Cyclical 12.53 (Since Fund Commencement* to 30 December 2010) Utilities 8.67 40% PSSF Benchmark 30% 20% 10% Top 5 Holdings as at 30 December 2010Total Returns 0% Security Name -10% Public Bank Berhad -20% CIMB Group Holdings Berhad -30% -40% Tenaga Nasional Berhad -50% RHB Capital Berhad Dec-07 Jul-08 Feb-09 Oct-09 May-10 Dec-10 Telekom Malaysia Berhad Benchmark: Kuala Lumpur Composite Index (prior to 6 July 2009). FTSE Bursa Malaysia Top 100 Index (w.e.f. 6 July 2009). Underlying index data are sourced from Lipper. * Commencement Date - 3 December 2007 Annual Returns for Financial Years Ended October 31 Year 2008 2009 2010 PSSF (%) -36.64 * 52.90 30.59 Benchmark Index (%) -39.15 * 43.96 22.18 Unit Split - - - Distribution (Sen) - - 2.50 Distribution Yield (%) - - 8.6 12-Month FD Average (%) 3.7 2.5 3.0 EPF Dividend Rate (%) 4.5 5.65 - Note: * The figure shown is for period since fund commencement. 39
  • PUBLIC ISLAMIC SECTOR SELECT FUND (PISSF) Fund Objective To seek long-term capital appreciation by investing in a portfolio of securities, mainly equities, that complies with Shariah requirements from market sectors in the domestic market. Investor’s Risk Profile Aggressive Lipper Leaders (Overall Ratings) : Morningstar RatingTM (Overall) : 5 3 5 [Lipper Equity Malaysia Fund calculated out of 125 Morningstar CategoryTM : Islamic Syariah Equity funds] Consistent Preservation Total Return Return Financial Year End : 30 November Asset Allocation as at 30 December 2010 Launch Date : 13.11.2007 Islamic Debt Securities Islamic Money Market Instruments 0.39% & Others 8.16% Approved Fund Size : 4.375 Billion Units Shariah-compliant Equities & Current Fund Size : NAv : RM1,032.32 Million Islamic Derivatives 91.45% UNITS : 3,519.80 Million Asset Allocation by Country Malaysia 91.45% Performance of Public Islamic Sector Select Fund vs its Benchmark Index Over the Following Periods Ended 30 December 2010 PISSF FBMS Index PISSF FBMS Index Top 5 Sectors as at 30 December 2010 (%) (%) (%) (%) Total Total Annualised Annualised Sector Name % NAv Return Return Return Return Consumer, Non-cyclical 23.31 1-year 30.64 18.20 30.64 18.20 3-year 21.70 -4.51 6.77 -1.53 Communications 19.82 Since Consumer, Cyclical 13.74 24.09 -1.66 7.27 -0.54 Commencement Industrial 12.70 Performances of PISSF and FTSE Bursa Malaysia EMAS Shariah Utilities 9.55 (FBMS) Index (Since Fund Commencement* to 30 December 2010) 30% Top 5 Holdings as at 30 December 2010 PISSF FBMS Index 20% Security Name 10% Tenaga Nasional Berhad 0%Total Returns Telekom Malaysia Berhad -10% AirAsia Berhad -20% Time DotCom Berhad -30% -40% Axiata Group Berhad -50% Dec-07 Jul-08 Feb-09 Oct-09 May-10 Dec-10 Benchmark: Index data are sourced from Lipper. * Commencement Date - 3 December 2007 Annual Returns for Financial Years Ended November 30 Year 2008 2009 2010 PISSF (%) -32.20 * 35.46 32.45 Benchmark Index - FBMS (%) -41.22 * 42.76 16.68 Unit Split - - - Distribution (Sen) - 0.50 1.00 Distribution Yield (%) - 2.2 3.5 12-Month FD Average (%) 3.7 2.5 3.0 EPF Dividend Rate (%) 4.5 5.65 - Note: * The figure shown is for period since fund commencement. 40
  • PUBLIC CHINA ITTIKAL FUND (PCIF) Fund Objective To achieve capital growth over the medium to long-term period by investing in a portfolio of Shariah-compliant investments in the greater China region and the balance in the domestic market. Investor’s Risk Profile Aggressive Lipper Leaders (Overall Ratings) : Morningstar RatingTM (Overall) : N/A 2 N/A [Lipper Equity Greater China Funds Classification Morningstar CategoryTM : Islamic Syariah Equity calculated out of 11 funds] Consistent Preservation Total Return Return Financial Year End : 30 November Asset Allocation as at 30 December 2010 Launch Date : 20.11.2007 Islamic Money Market Instruments & Others Approved Fund Size : 7.5 Billion Units 1.89% Shariah-compliant Equities & Current Fund Size : NAv : RM930.07 Million Islamic Derivatives UNITS : 4,488.78 Million 98.11% Asset Allocation by Country Performance of Public China Ittikal Fund vs its Benchmark China 44.74% Taiwan 33.33% Index Over the Following Periods Ended 30 December 2010 Malaysia 12.96% Hong Kong 6.37% PCIF Benchmark PCIF Benchmark Singapore 0.71% (%) (%) (%) (%) Total Total Annualised Annualised Return Return Return Return 1-year -0.91 4.35 -0.91 4.35 Top 5 Sectors as at 30 December 2010 3-year -17.22 -11.48 -6.10 -3.98 Since Sector Name % NAv -17.12 -11.33 -5.96 -3.86 Commencement Industrial 25.26 Performances of PCIF and Benchmark Index Consumer, Cyclical 16.23 (Since Fund Commencement* to 30 December 2010) Communications 15.78 8% PCIF Benchmark Energy 11.64 0% Technology 11.61 -8% -16%Total Returns Top 5 Holdings as at 30 December 2010 -24% -32% -40% Security Name -48% China Mobile Limited -56% Taiwan Semiconductor Manufacturing Company Limited Dec-07 Jul-08 Feb-09 Oct-09 May-10 Dec-10 Hon Hai Precision Industry Company Limited Benchmark: Benchmark for PCIF is a composite of 50% Dow Jones Islamic Market Hong Kong IndexSM (prior to 1 January 2009), 50% S&P Shariah BMI CNOOC Limited Hong Kong and China ‘H’ Shares Index (w.e.f. 1 January 2009), 30% Dow Jones Islamic Market Taiwan IndexSM (prior to 1 January 2009), 30% S&P China National Building Material Company Limtied - H Shares Shariah BMI Taiwan Index (w.e.f. 1 January 2009) and 20% FTSE Bursa Malaysia EMAS Shariah Index. Underlying index data are sourced from Standard & Poor’s, Financial Services LLC (“S&P”) and Lipper and expressed in Ringgit terms. * Commencement Date - 10 December 2007 Annual Returns for Financial Years Ended November 30 Year 2008 2009 2010 PCIF (%) -43.24 * 42.07 3.27 Benchmark Index (%) -48.48 * 54.74 8.20 Unit Split - - - Distribution (Sen) - - - Distribution Yield (%) - - - 12-Month FD Average (%) 3.7 2.5 3.0 EPF Dividend Rate (%) 4.5 5.65 - Note: * The figure shown is for period since fund commencement. 41
  • PUBLIC FAR-EAST CONSUMER THEMES FUND (PFECTF) Fund Objective To achieve long-term capital appreciation by investing in securities, mainly equities, in the consumer sector in the domestic and foreign markets. Investor’s Risk Profile Aggressive Financial Year End : 30 June Asset Allocation as at 30 December 2010 Launch Date : 08.01.2008 Money Market Instruments Approved Fund Size : 1.5 Billion Units & Others 11.56% Current Fund Size : NAv : RM195.45 Million Equities & Derivatives UNITS : 628.36 Million 88.44% Asset Allocation by Country Performance of Public Far-East Consumer Themes Fund vs its China 25.36% Benchmark Index Over the Following Periods Ended Korea 22.91% Hong Kong 12.85% 30 December 2010 Malaysia 12.00% Singapore 10.40% PFECTF Benchmark PFECTF Benchmark Taiwan 2.83% (%) (%) (%) (%) Indonesia 2.09% Total Total Annualised Annualised Return Return Return Return 1-year 7.50 16.50 7.50 16.50 Top 5 Sectors as at 30 December 2010 Since 40.99 28.85 12.47 9.06 Commencement Sector Name % NAv Consumer, Cyclical 35.82 Performances of PFECTF and Benchmark Index Consumer, Non-cyclical 16.65 (Since Fund Commencement* to 30 December 2010) Financial 16.12 50% PFECTF Benchmark Industrial 11.55 40% 30% Technology 5.00 20%Total Returns 10% 0% Top 5 Holdings as at 30 December 2010 -10% -20% Security Name -30% Public Bank Berhad -40% -50% Hyundai Motor Corporation Jan-08 Aug-08 Mar-09 Oct-09 May-10 Dec-10 LPI Capital Berhad Benchmark: Benchmark for PFECTF is a customised index based on consumer sectors by Dow Jones IndexesSM (prior to 1 January 2009), customised index LG Electronics Incorporation based on consumer sectors of Standard & Poor’s BMI Asia Ex-Japan Index (w.e.f. 1 January 2009). Ports Design Limited Index data is sourced from Standard & Poor’s, Financial Services LLC (“S&P”) and expressed in Ringgit terms. * Commencement Date - 28 January 2008 Annual Returns for Financial Years Ended June 30 Year 2008 2009 2010 PFECTF (%) -5.44 * 9.09 16.32 Benchmark Index (%) -8.13 * -10.23 29.67 Unit Split - - - Distribution (Sen) - - 3.50 Distribution Yield (%) - - 13.3 12-Month FD Average (%) 3.7 2.5 3.0 EPF Dividend Rate (%) 4.5 5.65 - Note: * The figure shown is for period since fund commencement. 42
  • PUBLIC ISLAMIC SELECT TREASURES FUND (PISTF) Fund Objective To achieve capital growth through investment in companies with market capitalisation of up to RM6 billion which comply with Shariah requirements in the domestic market. Investor’s Risk Profile Aggressive Financial Year End : 31 May Asset Allocation as at 30 December 2010 Launch Date : 26.02.2008 Islamic Money Market Instruments Approved Fund Size : 3.375 Billion Units & Others 11.82% Current Fund Size : NAv : RM726.07 Million Shariah-compliant Equities & UNITS : 2,314.13 Million Islamic Derivatives 88.18% Performance of Public Islamic Select Treasures Fund vs Asset Allocation by Country its Benchmark Index Over the Following Periods Ended Malaysia 88.18% 30 December 2010 PISTF FBMS Index PISTF FBMS Index (%) (%) (%) (%) Total Total Annualised Annualised Top 5 Sectors as at 30 December 2010 Return Return Return Return Sector Name % NAv 1-year 23.99 18.20 23.99 18.20 Since Industrial 27.78 31.63 19.99 10.36 6.75 Commencement Consumer, Non-cyclical 15.62 Consumer, Cyclical 13.91 Performance of PISTF and FTSE Bursa Malaysia EMAS Shariah (FBMS) Index (Since Fund Commencement* to 30 December Financial 10.55 2010) Energy 10.35 40% PISTF FBMS Index 30% Top 5 Holdings as at 30 December 2010 20% 10% Security NameTotal Returns 0% KFC Holdings (Malaysia) Berhad -10% Malaysian Resources Corporation Berhad -20% KPJ Healthcare Berhad -30% Genting Plantations Berhad -40% Mar-08 Oct-08 Apr-09 Nov-09 Jun-10 Dec-10 S P Setia Berhad Benchmark: Index data are sourced from Lipper. * Commencement Date - 17 March 2008 Annual Returns for Financial Years Ended May 31 Year 2009 2010 PISTF (%) -5.20 * 13.80 Benchmark Index - FBMS (%) -12.42 * 16.35 Unit Split - - Distribution (Sen) - 1.25 Distribution Yield (%) - 4.9 12-Month FD Average (%) 2.5 3.0 EPF Dividend Rate (%) 5.65 - Note: * The figure shown is for period since fund commencement. 43
  • PUBLIC CHINA TITANS FUND (PCTF) 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, Hong Kong and Taiwan markets and including China based companies listed on overseas markets. Investor’s Risk Profile Aggressive Financial Year End : 31 May Asset Allocation as at 30 December 2010 Launch Date : 01.04.2008 Money Market Instruments & Others Approved Fund Size : 1.5 Billion Units 6.87% Current Fund Size : NAv : RM108.87 Million Equities & Derivatives UNITS : 457.75 Million 93.13% Asset Allocation by Country Performance of Public China Titans Fund vs its China 53.72% Benchmark Index Over the Following Periods Ended Taiwan 22.76% 30 December 2010 Hong Kong 15.03% Singapore 1.62% PCTF Benchmark PCTF Benchmark (%) (%) (%) (%) Total Total Annualised Annualised Top 5 Sectors as at 30 December 2010 Return Return Return Return 1-year -7.97 -4.35 -7.97 -4.35 Sector Name % NAv Since Financial 35.36 1.64 -3.01 0.61 -1.13 Commencement Industrial 12.82 Consumer, Cyclical 9.62 Performance of PCTF and Benchmark Index (Since Fund Commencement* to 30 December 2010) Communications 9.18 16% Technology 7.39 PCTF Benchmark 8% 0% Top 5 Holdings as at 30 December 2010 -8%Total Returns -16% Security Name -24% China Construction Bank Corporation - H Shares -32% Bank of China Limited - H Shares -40% Industrial and Commercial Bank of China Limited - H Shares -48% Apr-08 Nov-08 May-09 Nov-09 Jun-10 Dec-10 China Life Insurance Company Limited - H Shares Benchmark: Benchmark for PCTF is a composite of 40% Hang Seng China Enterprises China Mobile Limited Index (HSCEI), 30% Hang Seng Index (HSI) and 30% TSEC Taiwan 50 Index. Underlying index data are sourced from Lipper and expressed in Ringgit terms. * Commencement Date - 21 April 2008 Annual Returns for Financial Years Ended May 31 Year 2009 2010 PCTF (%) -4.32 * -1.76 Benchmark Index (%) -14.82 * 1.70 Unit Split - - Distribution (Sen) - 1.50 Distribution Yield (%) - 6.9 12-Month FD Average (%) 2.5 3.0 EPF Dividend Rate (%) 5.65 - Note: * The figure shown is for period since fund commencement. 44
  • PUBLIC ISLAMIC OPTIMAL GROWTH FUND (PIOGF) Fund Objective To provide income and capital growth by investing in Shariah- compliant stocks which offer attractive dividend yields and growth stocks in the domestic market. Investor’s Risk Profile Aggressive Financial Year End : 31 January Asset Allocation as at 30 December 2010 Launch Date : 08.04.2008 Islamic Money Market Instruments & Others Approved Fund Size : 5.0 Billion Units 8.20% Current Fund Size : NAv : RM1,010.61 Million Shariah-compliant Equities & Islamic Derivatives UNITS : 3,477.34 Million 91.80% Performance of Public Islamic Optimal Growth Fund vs its Asset Allocation by Country Malaysia 91.80% Benchmark Index Over the Following Periods Ended 30 December 2010 PIOGF FBMS Index PIOGF FBMS Index (%) (%) (%) (%) Total Total Annualised Annualised Top 5 Sectors as at 30 December 2010 Return Return Return Return 1-year 17.70 18.20 17.70 18.20 Sector Name % NAv Since Consumer, Non-cyclical 20.49 20.50 8.72 7.22 3.17 Commencement Consumer, Cyclical 13.96 Diversified 13.19 Performance of PIOGF and FTSE Bursa Malaysia EMAS Communications 10.34 Shariah (FBMS) Index (Since Fund Commencement* to 30 December 2010) Industrial 10.24 24% PIOGF FBMS Index 16% 8% Top 5 Holdings as at 30 December 2010 0% Security NameTotal Returns -8% Sime Darby Berhad -16% IOI Corporation Berhad -24% Tenaga Nasional Berhad -32% Axiata Group Berhad -40% Apr-08 Nov-08 May-09 Dec-09 Jun-10 Dec-10 APM Automotive Holdings Berhad Benchmark: Index data are sourced from Lipper. * Commencement Date - 28 April 2008 Annual Returns for Financial Years Ended January 31 Year 2009 2010 PIOGF (%) -24.08 * 34.59 Benchmark Index - FBMS (%) -34.87 * 40.67 Unit Split - - Distribution (Sen) 0.30 0.50 Distribution Yield (%) 1.6 2.0 12-Month FD Average (%) 2.5 3.0 EPF Dividend Rate (%) 5.65 - Note: * The figure shown is for period since fund commencement. 45
  • PUBLIC FAR-EAST TELCo & InFRASTRUCTURE FUnD (PFETIF) Fund Objective To achieve capital growth over the medium to long term period by investing in securities, mainly equities, in the telecommunications, infrastructure and utilities sectors in Far-East markets. Investor’s Risk Profile Aggressive Financial Year End : 30 April Asset Allocation as at 30 December 2010 Launch Date : 08.07.2008 Money Market Instruments & Others Approved Fund Size : 1.5 Billion Units 4.64% Current Fund Size : NAv : RM81.01 Million Equities & Derivatives 95.36% UNITS : 233.83 Million Asset Allocation by Country China 53.48% Performance of Public Far-East Telco & Infrastructure Fund Malaysia 21.31% vs its Benchmark Index Over the Following Periods Ended Singapore 7.70% 30 December 2010 Hong Kong 3.84% Korea 3.30% Indonesia 3.23% PFETIF Benchmark PFETIF Benchmark Thailand 2.01% (%) (%) (%) (%) Philippines 0.49% Total Total Annualised Annualised Return Return Return Return 1-year 6.09 1.32 6.09 1.32 Top 5 Sectors as at 30 December 2010 Since 49.63 -6.54 18.08 -2.75 Sector Name % NAv Commencement Telecommunications 31.97 Performance of PFETIF and Benchmark Index Airlines 11.20 (Since Fund Commencement* to 30 December 2010) Engineering & Construction/Transportation 10.53 64% Electric 9.38 PFETIF Benchmark 48% Building Materials 7.77 32%Total Returns Top 5 Holdings as at 30 December 2010 16% 0% Security Name -16% China Unicom (Hong Kong) Limited -32% Malaysia Airports Holdings Berhad -48% Jul-08 Jan-09 Jul-09 Jan-10 Jul-10 Dec-10 Zhuzhou CSR Times Electric Company Limited - H Shares Benchmark: Benchmark for PFETIF is a customised index based on China National Building Material Company Limited - H Shares Telecommunications, Construction & Materials & Utilities sectors by Dow Jones IndexesSM (prior to 1 January 2009), customised index based China Telecom Corporation Limited - H Shares on Telecommunications, Construction & Materials & Utilities sectors of Standard & Poor’s BMI Asia Ex-Japan Index (w.e.f. 1 January 2009). Index data is sourced from Standard & Poor’s, Financial Services LLC (“S&P”) and expressed in Ringgit terms. * Commencement Date - 28 July 2008 Annual Returns for Financial Years Ended April 30 Year 2009 2010 PFETIF (%) 15.24 * 17.53 Benchmark Index (%) -17.70 * 5.21 Unit Split - - Distribution (Sen) - 2.50 Distribution Yield (%) - 8.0 12-Month FD Average (%) 2.5 3.0 EPF Dividend Rate (%) 5.65 - Note: * The figure shown is for period since fund commencement. 46
  • PUBLIC CAPITAL PROTECTED SELECT PORTFOLIO FUND (PCPSPF) Fund Objective Seeks to achieve capital appreciation over the tenure of the Fund while providing capital protection upon maturity of the Fund. Investor’s Risk Profile Conservative Financial Year End : 31 August Asset Allocation as at 30 December 2010 Launch Date : 29.07.2008 Approved Fund Size : 300 Million Units Money Market Instruments & Others Current Fund Size : NAv : RM16.63 Million 92.11% UNITS : 14.92 Million Equities & Derivatives 7.89% Performance of Public Capital Protected Select Portfolio Fund Asset Allocation by Country vs its Benchmark Index Over the Following Periods Ended China 7.18% Australia 0.71% 30 December 2010 PCPSPF 12M-FD (PBK) PCPSPF 12M-FD (PBK) (%) (%) (%) (%) Total Total Annualised Annualised Return Return Return Return Top 5 Holdings as at 30 December 2010 1-year 3.85 2.75 3.85 2.75 Since Security Name 12.64 6.58 5.31 2.81 Commencement Public Bank Berhad - 0% / 22/09/2011* The Royal Bank of Scotland Berhad - 0% / 22/09/2011* Performance of PCPSPF and 12-Month Fixed Deposits (12M-FD) Rates (Since Fund Commencement* to 30 December 2010) RHB Bank Berhad - 0% / 22/09/2011* 14% AmBank Berhad - 0% / 22/09/2011* PCPSPF 12-Month FD 12% Standard Chartered Bank (Malaysia) Berhad - 0% / 22/09/2011* 10% Note: * Negotiable Instruments of Deposit (NID).Total Returns 8% 6% 4% 2% 0% -2% Sep-08 Feb-09 Aug-09 Jan-10 Jul-10 Dec-10 Source: Public Bank Berhad * Commencement Date - 11 September 2008 Annual Returns for Financial Years Ended August 31 Year 2009 2010 PCPSPF (%) 6.18 * 2.70 Benchmark Index - 12-Month FD (%) 2.85 * 2.65 Unit Split - - Distribution (Sen) - - Distribution Yield (%) - - 12-Month FD Average (%) 2.5 3.0 EPF Dividend Rate (%) 5.65 - Note: * The figure shown is for period since fund commencement. 47
  • PUBLIC ISLAMIC SELECT ENTERPRISES FUND (PISEF) Fund Objective To achieve capital growth through investments in the largest 50 companies in terms of market capitalisation (at the point of purchase) listed on Bursa Securities which comply with Shariah requirements. Investor’s Risk Profile Aggressive Financial Year End : 31 July Asset Allocation as at 30 December 2010 Launch Date : 14.08.2008 Islamic Money Market Instruments Approved Fund Size : 1.5 Billion Units & Others 2.88% Current Fund Size : NAv : RM314.72 Million Shariah-compliant Equities & UNITS : 903.07 Million Islamic Derivatives 97.12% Performance of Public Islamic Select Enterprises Fund vs its Asset Allocation by Country Benchmark Index Over the Following Periods Ended Malaysia 97.12% 30 December 2010 PISEF FBMS Index PISEF FBMS Index (%) (%) (%) (%) Total Total Annualised Annualised Top 5 Sectors as at 30 December 2010 Return Return Return Return 1-year 19.10 18.20 19.10 18.20 Sector Name % NAv Since 51.31 34.54 19.52 13.62 Communications 22.39 Commencement Industrial 18.46 Performance of PISEF and FTSE Bursa Malaysia EMAS Shariah Consumer, Non-cyclical 15.00 (FBMS) Index (Since Fund Commencement* to 30 December Diversified 12.38 2010) Energy 9.69 60% PISEF FBMS Index 48% Top 5 Holdings as at 30 December 2010 36% 24%Total Returns 12% Security Name 0% Sime Darby Berhad -12% Telekom Malaysia Berhad -24% Axiata Group Berhad -36% Sep-08 Feb-09 Aug-09 Jan-10 Jul-10 Dec-10 IOI Corporation Berhad Benchmark: Index data are sourced from Lipper. Tenaga Nasional Berhad * Commencement Date - 3 September 2008 Annual Returns for Financial Years Ended July 31 Year 2009 2010 PISEF (%) 20.64 * 10.61 Benchmark Index - FBMS (%) 8.45 * 12.35 Unit Split - - Distribution (Sen) 1.25 1.25 Distribution Yield (%) 4.3 4.1 12-Month FD Average (%) 2.5 3.0 EPF Dividend Rate (%) 5.65 - Note: * The figure shown is for period since fund commencement. 48
  • PUBLIC ISLAMIC INCOME FUND (PI INCOME) Fund Objective To provide annual income over the medium to long-term period by investing in sukuk and Islamic money market instruments. Investor’s Risk Profile Conservative Financial Year End : 31 July Asset Allocation as at 30 December 2010 Launch Date : 14.08.2008 Approved Fund Size : 500 Million Units Islamic Debt Securities 69.68% Current Fund Size : NAv : RM143.13 Million UNITS : 139.24 Million Islamic Money Market Instruments & Others Performance of Public Islamic Income Fund vs its Benchmark 30.32% Index Over the Following Periods Ended 30 December 2010 PI INCOME 12-M GIA PI INCOME 12-M GIA (%) (%) (%) (%) Total Total Annualised Annualised Return Return Return Return Top 5 Holdings as at 30 December 2010 1-year 4.75 2.92 4.75 2.92 Security Name Since Commencement 13.16 7.12 5.46 3.00 Binariang GSM Sendirian Berhad - 5.90% / 2016* Malakoff Corporation Berhad - 6.682% / 2022* Performance of PI INCOME and 12-Month General Investment Pengurusan Air SPv Berhad - 08/02/2011** Account (GIA) Rates (Since Fund Commencement* to National Bank of Abu Dhabi - 4.90% / 2020* 30 December 2010) Special Power vehicle Berhad - 3.00% / 2015* 14% PI INCOME 12-Month GIA Note: 12% * Sukuk (Islamic Bonds). 10% ** Islamic Commercial Papers.Total Returns 8% 6% 4% 2% 0% -2% Sep-08 Feb-09 Aug-09 Jan-10 Jul-10 Dec-10 Source: Bank Negara Malaysia * Commencement Date - 3 September 2008 Annual Returns for Financial Years Ended July 31 Year 2009 2010 PI INCOME (%) 5.48 * 5.01 Benchmark Index - 12-Month GIA (%) 2.86 * 2.84 Unit Split - 1 for 25 Distribution (Sen) 2.50 3.50 Distribution Yield (%) 2.4 3.3 12-Month FD Average (%) 2.5 3.0 EPF Dividend Rate (%) 5.65 - Note: * The figure shown is for period since fund commencement. 49
  • PUBLIC SELECT ALPHA-30 FUND (PSA30F) Fund Objective To achieve capital growth over the medium to long term period by investing in up to maximum of 30 stocks primarily listed on Bursa Securities. Investor’s Risk Profile Aggressive Financial Year End : 30 November Asset Allocation as at 30 December 2010 Launch Date : 07.04.2009 Money Market Instruments & Others 6.43% Approved Fund Size : 1.5 Billion Units Equities & Derivatives Current Fund Size : NAv : RM86.06 Million 93.57% UNITS : 252.72 Million Asset Allocation by Country Malaysia 88.64% China 3.92% Performance of Public Select Alpha-30 Fund vs its Benchmark Hong Kong 1.01% Index Over the Following Periods Ended 30 December 2010 PSA30F Benchmark PSA30F Benchmark (%) (%) (%) (%) Top 5 Sectors as at 30 December 2010 Total Total Annualised Annualised Return Return Return Return Sector Name % NAv 1-year 17.29 19.34 17.29 19.34 Financial 36.56 Since 50.03 54.97 27.37 29.86 Commencement Consumer, Non-cyclical 10.59 Diversified 10.08 Performances of PSA30F and and Benchmark Index Communications 8.89 (Since Fund Commencement* to 30 December 2010) Consumer, Cyclical 7.56 60% PSA30F Benchmark Top 5 Holdings as at 30 December 2010 50% 40%Total Returns Security Name 30% Malayan Banking Berhad 20% CIMB Group Holdings Berhad 10% Public Bank Berhad 0% Sime Darby Berhad -10% Apr-09 Aug-09 Dec-09 Apr-10 Aug-10 Dec-10 Genting Berhad Benchmark: Kuala Lumpur Composite Index (prior to 6 July 2009). FTSE Bursa Malaysia KLCI (w.e.f. 6 July 2009). Index data are sourced from Lipper. * Commencement Date - 27 April 2009 Annual Returns for Financial Years Ended November 30 Year 2009 2010 PSA30F (%) 25.76 * 16.11 Benchmark Index (%) 28.46 * 17.96 Unit Split - - Distribution (Sen) 0.75 2.50 Distribution Yield (%) 2.4 7.5 12-Month FD Average (%) 2.5 3.0 EPF Dividend Rate (%) 5.65 - Note: * The figure shown is for period since fund commencement. 50
  • PUBLIC NATURAL RESOURCES EQUITY FUND (PNREF) Fund Objective To achieve capital growth over the medium to long-term period by investing in a portfolio of equities and equity-related securities of companies that are engaged in or are substantially related to the natural resources sectors in the domestic and overseas markets. Investor’s Risk Profile Aggressive Financial Year End : 30 November Asset Allocation as at 30 December 2010 Launch Date : 30.06.2009 Fixed Income Securities Money Market Instruments 0.65% & Others 12.32% Approved Fund Size : 1.5 Billion Units Equities & Derivatives Current Fund Size : NAv : RM264.33 Million 87.03% UNITS : 961.10 Million Asset Allocation by Country China 31.56% Australia 26.70% Performance of Public Natural Resources Equity Fund vs its Indonesia 12.74% Benchmark Index Over the Following Periods Ended Malaysia 8.74% 30 December 2010 Korea 5.87% United States of America 1.42% PNREF Benchmark PNREF Benchmark (%) (%) (%) (%) Total Total Annualised Annualised Return Return Return Return Top 5 Sectors as at 30 December 2010 1-year 9.06 7.43 9.06 7.43 Since Sector Name % NAv 16.17 30.34 10.91 20.10 Commencement Mining 19.90 Performance of PNREF and Benchmark Index Iron/Steel 12.24 (Since Fund Commencement* to 30 December 2010) Electric 10.53 36% Coal 9.22 PNREF Benchmark 30% Chemicals 9.21 24%Total Returns 18% 12% Top 5 Holdings as at 30 December 2010 6% 0% Security Name -6% Borneo Lumbung Energi & Metal Tbk, PT -12% OCI Company Limited Jul-09 Nov-09 Feb-10 May-10 Sep-10 Dec-10 Petronas Chemicals Group Berhad Benchmark: Benchmark for PNREF is a customised index based on 40% Energy Sector, 30% Metals and Mining Industry and 30% Agricultural Product BHP Billiton Limited Sub-Industry of S&P/Citigroup BMI Asia Ex-Japan Index. Tenaga Nasional Berhad * Commencement Date - 20 July 2009 Annual Returns for Financial Year Ended November 30 Year 2010 PNREF (%) 12.12* Benchmark Index (%) 24.30* Unit Split - Distribution (Sen) 1.50 Distribution Yield (%) 5.6 12-Month FD Average (%) 3.0 EPF Dividend Rate (%) - Note: * The figure shown is for period since fund commencement. 51
  • PUBLIC AUSTRALIA EQUITY FUND (PAUEF) Fund Objective To achieve capital growth over the medium to long-term period by investing in the Australian market with the balance invested in the New Zealand and domestic markets. Investor’s Risk Profile Aggressive Financial Year End : 31 July Asset Allocation as at 30 December 2010 Launch Date : 08.09.2009 Fixed Income Securities Money Market Instruments 3.78% & Others 9.23% Approved Fund Size : 2.25 Billion Units Equities & Derivatives Current Fund Size : NAv : RM336.49 Million 86.99% UNITS : 1,195.76 Million Asset Allocation by Country Australia 86.99% Performance of Public Australia Equity Fund vs its Benchmark Index Over the Following Periods Ended 30 December 2010 PAUEF Benchmark PAUEF Benchmark (%) (%) (%) (%) Total Total Annualised Annualised Return Return Return Return Top 5 Sectors as at 30 December 2010 1-year 9.07 -0.31 9.07 -0.31 Since Sector Name % NAv 12.56 5.77 9.89 4.57 Commencement Financial 37.78 Basic Materials 19.58 Performance of PAUEF and Benchmark Index (Since Fund Commencement* to 30 December 2010) Communications 11.26 18% Industrial 7.46 PAUEF Benchmark Consumer, Non-cyclical 5.35 12% 6%Total Returns 0% Top 5 Holdings as at 30 December 2010 -6% Security Name -12% Commonwealth Bank of Australia -18% Australia and New Zealand Banking Group Limited -24% Westpac Banking Corporation Sep-09 Dec-09 Mar-10 Jun-10 Sep-10 Dec-10 National Australia Bank Limited Benchmark: S&P/ASX200 Index. Index data are sourced from Lipper. BHP Billiton Limited * Commencement Date - 28 September 2009 Annual Returns for Financial Year Ended July 31 Year 2010 PAUEF (%) -1.84 * Benchmark Index (%) -8.46 * Unit Split - Distribution (Sen) - Distribution Yield (%) - 12-Month FD Average (%) 3.0 EPF Dividend Rate (%) - Note: * The figure shown is for period since fund commencement. 52
  • PUBLIC ISLAMIC ASIA LEADERS EQUITY FUND (PIALEF) Fund Objective To achieve capital growth over the medium to long-term period by investing mainly in stocks of companies with market capitalisation of US$1 billion and above in domestic and regional markets that complies with Shariah requirements. Investor’s Risk Profile Aggressive Financial Year End : 30 November Asset Allocation as at 30 December 2010 Launch Date : 19.01.2010 Islamic Money Market Instruments Approved Fund Size : 1.5 Billion Units & Others 2.99% Current Fund Size : NAv : RM85.82 Million UNITS : 327.21 Million Shariah-compliant Equities & Islamic Derivatives 97.01% Performance of PIALEF and Benchmark Index Asset Allocation by Country (Since Fund Commencement* to 30 December 2010) Korea 42.30% Taiwan 22.44% 16% China 13.96% PIALEF Benchmark Malaysia 11.06% 12% Singapore 3.46% Indonesia 2.49% 8% Hong Kong 1.30%Total Returns 4% Top 5 Sectors as at 30 December 2010 0% Sector Name % NAv -4% Industrial 22.48 -8% Technology 22.17 -12% Feb-10 Apr-10 Jun-10 Aug-10 Oct-10 Dec-10 Consumer, Non-cyclical 12.89 Benchmark: Benchmark for PIALEF is a 90% customised index based on Top 100 Communications 12.41 constituents by market capitalisation of the S&P Shariah BMI Asia Ex-Japan Index and 10% 3-month Islamic Interbank Money Market Basic Materials 9.81 (IIMM) rate. Underlying index data are sourced from Standard & Poor’s, Financial Services LLC (“S&P”), Lipper and bank negara Malaysia and expressed in Ringgit terms. Top 5 Holdings as at 30 December 2010 * Commencement Date - 8 February 2010 Security Name Samsung Electronics Company Limited Taiwan Semiconductor Manufacturing Company Limited China Mobile Limited POSCO Celltrion, Incorporation Annual Returns for Financial Year Ended November 30 Year 2010 PIALEF (%) 5.96 * Benchmark Index (%) 9.05 * Unit Split - Distribution (Sen) 0.75 Distribution Yield (%) 2.9 12-Month FD Average (%) 3.0 EPF Dividend Rate (%) - Note: * The figure shown is for period since fund commencement. 53
  • PUBLIC FAR-EAST ALPHA-30 FUND (PFA30F) Fund Objective To achieve capital appreciation over the medium to long term period by investing in the domestic and regional markets. Investor’s Risk Profile Aggressive Financial Year End : 30 November Asset Allocation as at 30 December 2010 Launch Date : 06.04.2010 Money Market Instruments & Others 15.48% Approved Fund Size : 1.5 Billion Units Equities & Derivatives Current Fund Size : NAv : RM197.31 Million 84.52% UNITS : 746.22 Million Asset Allocation by Country China 35.41% Indonesia 12.82% Performance of PFA30F and Benchmark Index Korea 10.76% (Since Fund Commencement* to 30 December 2010) Malaysia 9.51% Taiwan 5.31% 12% Australia 4.21% PFA30F Benchmark Singapore 4.05% 8% Hong Kong 2.45% 4%Total Returns Top 5 Sectors as at 30 December 2010 0% Sector Name % NAv -4% Industrial 16.83 -8% Consumer, Cyclical 16.17 -12% Communications 16.03 Apr-10 Jun-10 Aug-10 Sep-10 Nov-10 Dec-10 Financial 11.95 Benchmark: Benchmark for PFA30F is a composite 80% MSCI AC Far-East Ex-Japan Index, 10% Tokyo Stock Price Index and 10% 3-Month Kuala Lumpur Consumer, Non-cyclical 8.14 Interbank Offered Rates (KLIBOR). Underlying index data are sourced from Lipper and Bank Negara Malaysia and expressed in Ringgit terms. * Commencement Date - 26 April 2010 Top 5 Holdings as at 30 December 2010 Security Name Public Bank Berhad First Tractor Company Limited - H Shares Hyundai Motor Corporation Tencent Holdings Limited Baidu, Incorporation - ADR Annual Returns for Financial Year Ended November 30 Year 2010 PFA30F (%) 8.00 * Benchmark Index (%) 4.46 * Unit Split - Distribution (Sen) - Distribution Yield (%) - 12-Month FD Average (%) 3.0 EPF Dividend Rate (%) - Note: * The figure shown is for period since fund commencement. 54
  • PUBLIC OPTIMAL GROWTH FUND (POGF) Fund Objective To provide income and capital growth by investing in stocks which offer attractive dividend yields and growth stocks in the domestic market. Investor’s Risk Profile Aggressive Financial Year End : 31 July Asset Allocation as at 30 December 2010 Launch Date : 08.06.2010 Money Market Instruments & Others 12.29% Approved Fund Size : 1.5 Billion Units Equities & Derivatives Current Fund Size : NAv : RM35.66 Million 87.71% UNITS : 124.92 Million Asset Allocation by Country Malaysia 87.71% Performance of POGF and Benchmark Index (Since Fund Commencement* to 30 December 2010) 20% POGF FBM Top 100 Index 16% Top 5 Sectors as at 30 December 2010 12% Sector Name % NAvTotal Returns 8% Financial 30.94 4% Consumer, Non-cyclical 14.36 Communications 14.26 0% Diversified 8.03 -4% Jun-10 Aug-10 Sep-10 Nov-10 Dec-10 Energy 7.03 Benchmark: FTSE Bursa Malaysia Top 100 Index (w.e.f. 6 July 2009). Index data are sourced from Lipper. * Commencement Date - 28 June 2010 Top 5 Holdings as at 30 December 2010 Security Name Public Bank Berhad Malayan Banking Berhad Sime Darby Berhad CIMB Group Holdings Berhad IOI Corporation Berhad 55
  • Investors are advised that there are prospectuses issued in relation to the unit trust funds being reviewed here as follows: Name of Funds Prospectus and Date of Issue Statements of Disclaimer 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 Money Market Fund Public Focus Select Fund Public Enhanced Bond Fund Public Dividend Select Fund Public Far-East Select Fund Master Prospectus of Public Series of Public Select Bond Fund Funds dated 30 April 2010 and expires Public Regional Sector Fund on 29 April 2011. Public Global Select Fund Public Far-East Dividend Fund A copy of the Prospectuses have been registered by, and Public Far-East Balanced Fund Public Global Balanced Fund lodged with, the Securities Commission, which shall not be Public China Select Fund interpreted to mean that the Commission recommends the Public Far-East Property & Resorts Fund investment. Public South-East Asia Select Fund Public Sector Select Fund The Securities Commission shall not be liable for any non- Public Far-East Consumer Themes Fund disclosure on the part of the management company and Public China Titans Fund takes no responsibility for the contents of the Prospectus, Public Far-East Telco & Infrastructure Fund makes no representation as to its accuracy or completeness Public Select Alpha-30 Fund and expressly disclaims any liability whatsoever for any Public Natural Resources Equity Fund loss howsoever arising from or in reliance upon the whole Public Australia Equity Fund or any part of the contents of the Prospectus. Public Far-East Alpha-30 Fund Prospectus of Public Optimal Growth Public Optimal Growth Fund Fund dated 8 June 2010 and expires on INvESTORS SHOULD RELY ON THEIR OWN EvALUATION TO 29 April 2011. ASSESS THE MERITS AND RISKS OF THE INvESTMENT. IN CONSIDERING THE INvESTMENT, INvESTORS WHO ARE IN Prospectus of Public Capital Protected DOUBT AS TO THE ACTION TO BE TAKEN SHOULD CONSULT Public Capital Protected Select Portfolio Fund Select Portfolio Fund dated 29 July 2008 THEIR PROFESSIONAL ADvISERS IMMEDIATELY. and expires on 11 September 2008. Public Ittikal Fund Public Islamic Bond Fund Public Islamic Equity Fund Master Prospectus of Public Series of Public Islamic Opportunities Fund Shariah-Based Funds dated 30 April 2010 Public Islamic Balanced Fund and expires on 29 April 2011. Public Islamic Dividend Fund Public Asia Ittikal Fund Public Islamic Enhanced Bond Fund Public Islamic Asia Dividend Fund Supplemental Prospectus of Public Islamic Dividend Fund & Public Islamic Balanced Public Islamic Money Market Fund Fund dated 1 November 2010 and expires Public Islamic Select Bond Fund on 29 April 2011. Public Islamic Asia Balanced Fund Public Islamic Sector Select Fund Public China Ittikal Fund Public Islamic Select Treasures Fund 2nd Supplemental Prospectus of Public Public Islamic Optimal Growth Fund Islamic Equity Fund dated 1 December Public Islamic Select Enterprises Fund 2010 and express on 29 April 2011. Public Islamic Income Fund Public Islamic Asia Leaders Equity FundWhere a free copy of Prospectus can be obtained : Agents of Public Mutual or contact Public Mutual Hotline: 03-6207 5000 for assistance. Investors are advised to read and understand the contents of the above Where a unit split is declared, investors should note that the value of Prospectuses. If in doubt, please consult a professional adviser; merchant their investment in Ringgit Malaysia terms will remain unchanged after bank, accountant, auditor, lawyer, stockbroking company or independent the distribution of additional units. financial adviser. While it is the Manager’s policy to discourage loan financing in the Applications by investors to purchase units of any of the funds listed above purchase of units, nevertheless, this facility is available to interested must come in the form of a duly completed Application Form referred to and investors. However, YOU are advised to read and understand the accompanying the (relevant) Prospectus. contents of the unit trust loan financing risk disclosure statement before Investors should note that there are fees and charges affecting this deciding to borrow to purchase units. investment. Therefore, you should consider carefully the fees and For capital protected funds, capital protection only applies to charges before making an investment decision. unitholders who hold their investment until the maturity date or until Unit prices and distributions payable, if any, may go down as well as up. the date specified in the prospectus. Any redemption made before the maturity/specified date would be based on the NAV of the fund on that Past performance of the funds should not be taken as an indication of day and would be charged an exit fee. Capital protection does not apply future performance. Neither the Manager nor the Trustee guarantees in this case. There may be a dilution of performance due to the capital the performance of any of the funds or the repayment of capital. protection structure being in place, compared with a conventional fund The funds’ past distribution is not a guarantee of future distributions. without capital protection. Investor are advised to read the prospectus Where unit split or distribution is declared, investors are advised that for further details of the capital protection structure. following the issue of additional units and/or distribution, the net asset value per unit will be reduced accordingly to reflect/account for the unit split and/or distribution. 56
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  • Lipper Leaders : Total Return Lipper ratings for Total Return reflect funds’ historical total return performance relative to peers. Consistent Return Lipper ratings for Consistent Return reflect funds’ historical risk-adjusted returns, adjusted for volatility, relative to peers. Preservation Lipper ratings for Preservation reflect funds’ historical loss avoidance relative to other funds within the same asset class. Preservation ratings are relative, rather than absolutes measures, and funds named Lipper Leaders for Preservation may still experience losses periodically; those losses may be larger for equity and mixed equity funds than fixed income funds. The Lipper ratings are subject to change every month and are based on an equal-weighted average of percentile ranks for the Total Return, Consistent Return and Preservation metrics over overall period. The highest 20% of funds in each peer group are named Lipper Leader or a score of 5, the next 20% receive a score of 4, the middle 20% are scored 3, the next 20% are scored 2, and the lowest 20% are scored 1. Lipper ratings are not intended to predict future results, and Lipper does not guarantee the accuracy of this information. Lipper Leaders (overall) - All Ratings as of 30 December 2010 - Ratings for Total Return reflect funds’ historical total return performance relative to peers. Ratings for Consistent Return reflect funds’ historical risk-adjusted returns relative to peers. Lipper ratings for Preservation are relative, rather than absolute. Lipper Leader ratings DO NOT take into account the effects of sales charges. Ratings are based on an equal-weighted average of percentile ranks for each measure over overall period. More information is available at www.lipperweb.com. Lipper Fund Volatility The volatility Factor (vF) means there is a possibility for the fund in generating an upside return or downside return around this vF. The volatility Class (vC) is assigned by Lipper based on quintile ranks of vF for qualified funds. vF is subject to monthly revision and vC is revised every six months. The volatility banding for the “very Low”, “Low”, “Moderate”, “High” and “very High” vCs as at 30 June 2010 are 0.000 ≤ vF ≤ 4.255, 4.255 < vF ≤ 12.280, 12.280 < vF ≤ 16.115, 16.115 < vF ≤ 19.230 and vF more than 19.230 respectively. For this period to 31 December 2010 the vCs for the funds are based on the vFs of the respective funds as at 30 June 2010. The fund’s portfolio may have changed since this date and there is no guarantee that the fund will continue to have the same vF or vC in the future. Presently, only funds launched in the market for at least 36 months will display the vF and its vC. Morningstar RatingTM The Morningstar RatingTM is a quantitative assessment of a fund’s past performance, incorporating fee, return and risk, as measured from one to five stars. It uses focused comparison groups - the Morningstar Categories - to measure the fund’s risk-adjusted performance and it places stronger emphasis on downside variations. The Top 10% of funds in a category will receive five stars, the next 22.5% will receive four stars, the middle 35% will receive three stars, the next 22.5% will receive two stars and the bottom 10% will receive one star. © 2010 Morningstar Asia Limited All Rights Reserved. The information contained herein: • is proprietary to Morningstar; • may not be copied (save (i) as incidentally necessary in the course of viewing it online, and (ii) in the course of printing off single copies of web pages on which it appears for the personal non-commercial use of those authorised to view it on-line), adapted or distributed; and • is not warranted to be accurate, complete or timely. This Morningstar-sourced information is provided to you by Public Mutual Berhad and is at your own risk. You agree that Morningstar is not responsible for any damages or losses arising from any use of this information and that the information must not be relied upon by you the user without appropriate verification. Public Mutual Berhad informs you as follows: (i) no investment decision should be made in relation to any of the information provided other than on the advice of a professional financial advisor; (ii) past performances is no guarantee of future results; and (iii) the value and income derived from investments can go down as well as up. “ The PSEASF is not in any way sponsored, endorsed, sold or promoted by FTSE International Limited (“FTSE”), the London Stock Exchange Plc (“LSE”) or by The Financial Times Limited (“FT”) and neither FTSE nor LSE nor FT makes any warranty or representation whatsoever, expressly or impliedly, either as to the results to be obtained from the use of the FTSE ASEAN 40 Index (“the Index”) and/or the figure at which the said Index stands at any particular time on any particular day or otherwise. The Index is complied and calculated by FTSE in conjunction with Indonesia Stock Exchange, Bursa Malaysia Berhad, The Philippine Stock Exchange, Inc., Singapore Exchange Securities Trading Limited and the Stock Exchange of Thailand (The “Exchanges”). However, neither FTSE nor LSE nor the Exchanges nor FT shall be liable (whether in negligence or otherwise) to any person for any error in the Index and neither FTSE nor the LSE nor the Exchanges nor FT shall be under any obligation to advise any person of any error thein.” ““FTSE®”, “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. “BURSA MALAYSIA” is a trade mark of Bursa Malaysia Berhad (“BURSA MALAYSIA”). “All-World”, “All-Share” and “All-Small” and “FTSE4Good” are trade marks of FTSE International Limited”. The FTSE BURSA MALAYSIA KLCI INDEX, FTSE BURSA MALAYSIA TOP 100 INDEX, FTSE BURSA MALAYSIA EMAS SHARIAH INDEX, FTSE BURSA MALAYSIA SMALL CAP INDEX and FTSE BURSA MALAYSIA MID 70 INDEX are calculated by FTSE. All intellectual property rights in the index values and constituent list vests in FTSE and BURSA MALAYSIA. Neither FTSE nor BURSA MALAYSIA sponsor, endorse or promote this product and are not in any way connected to it and do not accept any liability. Public Mutual Berhad has obtained full licence from FTSE to use such intellectual property rights in the creation of this product.” The Indexes listed below are the exclusive properties of Standard & Poor’s, Financial Services LLC (“S&P”). Public Mutual Berhad has contracted with S&P to maintain and calculate the Indexes. S&P shall have no liability for any errors or omissions in calculating the Indexes. S&P Shariah BMI Asia Ex-Japan Index; S&P Shariah BMI Hong Kong and China ‘H’ Shares Index; S&P Shariah BMI Taiwan Index; the customised benchmark of PFEPRF; the customised benchmark of PFECTF; the customised benchmark of PFETIF and the customised benchmark of PNREF.notes : • The total return is the overall return of the fund over the period. • The annualised return is the compounded annual rate of return of the fund over the specified period. • Fund performance should be evaluated against the benchmark index. • The performances of funds are calculated on nAV-to-nAV basis and sourced from Lipper. • Commencement date is the last day of the initial offer period. • The distribution yields of funds are computed by dividing gross distribution for the financial year/period over the Ex-nAV per unit and it is not directly comparable with EPF rate and Fixed Deposit rate. The distribution yields for the financial year/period prior to 1 July 2007 was computed by dividing gross distribution for the financial year/period over average selling price. These distribution yields have been adjusted by dividing gross distribution over the Ex-NAv per unit for purpose of comparability in presentation. • The asset allocation presented have been verified by the Trustees. • The stocks invested by the fund are classified according to various criteria which include the country classification assigned by international index providers and the company’s main business interests in terms of geographical segmentation.For more information, please contact any of our authorised agents, agency offices, branches Public Mutual Berhad (23419-A)or call Public Mutual Hotline at 03-6207 5000 (8.30am - 5.30pm, Monday to Friday) Block B, Sri Damansara Business Park, Persiaran Industri,or visit us at our website at http://www.publicmutual.com.my Bandar Sri Damansara, 52200 Kuala Lumpur, Malaysia. Tel : 03-6279 6800 Fax : 03-6277 9800Quarterly Fund Review is prepared quarterly by the Product Development Department. 60