This document provides information about the Discretionary Fund PANS Bandung mutual fund portfolio for September 1, 2009. It includes details such as the fund manager, investment strategy, asset allocation, portfolio composition, recent activities, and historical returns compared to market benchmarks. The portfolio has a high-risk aggressive trading approach, is diversified across at most 10 stocks, and can allocate between 0-100% in cash and 0-130% in stocks using margin.

1. P T Pa n i n S e k u r i t a s , Tb k .
1 S e pt e m be r 2 0 0 9
N i l a i A k t i v a B e r s i h:
D ISCRETIONARY F UND
PANS B ANDUNG 2019.80
DF PANS Bandung 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
8/12/2009
Redemption Period February and
July
Custodian PT Panin
Sekuritas,
Tbk.
Discretionary PANS Bandung IHSG Avg Mutual Fund
DF PANS Bandung
PORTFOLIO Kom posisi Saham DF per 31 Agustus 2009
Fund Manager Bandung
RETURN
Dr. Adrian Teja
adrianteja@yahoo.com
2008 2009
Cash, 0.21%
UNTR, 3.53% AALI, 3.37%
ADMF, 7.41%
DF PANS -10.20% 124.91% PTBA, 33.99% BNBR, 11.50%
DF PANS Bandung IHSG -47.71% 72.76%
BUMI, 25.27%
ITMG, 3.19%
Strategic Profile: INDY, 11.53%
Average -47.54% 84.02%
• Aggressive Trading
Mutual
• Margin Max. 30% Fund
• Risk: High. PORTFOLIO Aktivitas 2 minggu sebelum- Aktivitas 2 minggu men-
nya: datang:
• Diversification (max. 10 RETURN TO RISK 1. Mempertahankan 1. Mempertahankan sa-
stocks) saham yang ada. ham yang ada.
RATIO 2. M e m p e r t im b a n g k a n
• Allocation: menggunakan fasilitas
Alasan:
2008 2009 margin.
1. Data ekonomi
•Popular Sector mengkonfirmasi eko-
nomi menunjukkan Alasan:
• Tactical Asset Allocation DF PANS -0.57 12.35 trend perbaikan. 1. Investor confidence
index global terus mem-
IHSG -4.05 13.06
•0%-100% cash baik.
2. P e n u r u n a n s a h a m
Average -3.95 15.24
•0%-130% stock Mutual
diperkirakan bersifat
sementara.
Fund