The document is a bi-weekly report on the DF PANS Bandung discretionary fund from PT Panin Sekuritas Tbk. dated June 15, 2009. It provides an overview of the fund's current and previous net asset values, fees, portfolio composition, returns, and the fund manager's rationale for recent and planned trades. Specifically, it notes that the current NAV is 1986.29, the portfolio is 76.27% cash and 23.73% in PNLF stock, and the fund manager plans to sell Panin Life stock and rebuild the portfolio with large capitalization stocks.
1. P T Pa n i n S e k u r i t a s , Tb k .
June 15, 2009
Previous 2 week NAV:
D ISCRETIONARY F UND 1 , 8 1 7. 3 0
PANS B ANDUNG Current NAV:
1 9 8 6. 2 9
DF PANS Bandung
Administration Profile 2,200.00
2,000.00
Entry Fee 0%
1,800.00
1,600.00
Exit Fee 0%
1,400.00
Management Fee 3% p.a.
1,200.00
1,000.00
Report Bi-Weekly 800.00
600.00
Entry Period Anytime 400.00
2/12/2008
4/12/2008
6/12/2008
8/12/2008
10/12/2008
12/12/2008
2/12/2009
4/12/2009
6/12/2009
Redemption Period February and
July
Custodian PT Panin
Sekuritas,
Tbk. Discretionary PANS Bandung IHSG Avg Mutual Fund
DF PANS Bandung Kom posisi Saham DF per 12 Juni 2009
PORTFOLIO
Fund Manager Bandung
RETURN
Dr. Adrian Teja
adrianteja@yahoo.com
2008 2009
(022) 426-7291 PNLF, 23.73%
DF PANS -10.20% 121.18%
DF PANS Bandung IHSG -47.71% 54.27%
Strategic Profile:
Average Cash, 76.27%
-47.54% 61.38%
• Aggressive Trading
Mutual
• Margin Max. 30% Fund
• Risk: High. PORTFOLIO Previous 2 Week Activity: Next 2 Week Activity:
1. Reduce stock position. 1. Sell Panin Life.
• Diversification (max. 10 RETURN TO RISK 2. Buy Panin Life 2. Rebuilding portfolio
stocks) consist of big capitali-
RATIO zation stock.
Reasons:
• Allocation:
2008 2009 1. Market enter consoli-
dation period at level Reasons:
•Popular Sector 1. Building portfolio, when
near 2100.
DF PANS -0.57 11.16 2. Uptrend and unusual consolidation period
• Tactical Asset Allocation end and level 2100
market activity.
IHSG -4.05 10.61 become support level
•0%-100% cash for market to continue
Average uptrend path.
-3.95 12.31
•0%-130% stock Mutual
Fund