This document is a fund report from PT Panin Sekuritas Tbk that provides information on the Discretionary PANS Bandung fund as of June 1, 2012. The key details include: - The fund's net asset value is Rp7,350 billion with a NAV per unit of Rp2,946.587. - The top 5 holdings as of May 31, 2012 were Bank Lippo Tbk. (38.91%), Astra Agro Lestari Tbk. (22.11%), Indocement Tunggal Prakarsa Tbk. (10.20%), and Bank Negara Indonesia Tbk. (3.64%). - The fund

1. P T Pa n i n S e k u r i t a s , T b k .
1 J un e 2 0 1 2
Net Asset Value:
D ISCR ETION ARY F U ND 7 ,3 5 0 B i o
PANS B AND U NG N A V / U ni t :
2 ,9 4 6 .5 8 7 1
4,400.00
DF Stock As Of 31 Mei 2012
3,900.00
Compos i ti on - Ba ndung
3,400.00
2,900.00
APLN 22.11%
2,400.00
BNGA 3.64%
1,900.00
BNLI 38.91%
1,400.00
INCO 10.20%
900.00
INTP 24.22%
400.00
2/29/2008
4/29/2008
6/29/2008
8/29/2008
10/29/2008
12/29/2008
2/28/2009
4/29/2009
6/29/2009
8/29/2009
10/29/2009
12/29/2009
2/28/2010
4/29/2010
6/29/2010
8/29/2010
10/29/2010
12/29/2010
2/28/2011
4/29/2011
6/29/2011
8/29/2011
10/29/2011
12/29/2011
2/29/2012
4/29/2012
MEDC 14.42%
VRNA 3.26%
Cash -16.75%
Discretionary PANS Bandung IHSG
Fund Manager DF PANS PROFILE
Dr. Adrian Teja DF PANS IDX Sharpe Ratio Sharpe Ratio DF PANS Correlation
Sunda No. 2A Bandung Return Return DF PANS IDX Beta DF PANS
Phone: 022-7321434 With IDX
Fax: 022-7321435 1 Month
-9.92% -8.32% -1.54 -1.83 1.36 0.97
3 Month -4.39% -3.82% -1.10 -1.42 1.26 0.88
Profil DF PANS Bandung
6 Month -3.47% 3.17% -1.50 -0.02 0.56 0.66
Strategy Trading
Since
Inception
Margin Max 30% Yes Feb 2008 194.66% 47.87%
Until Now
Management Fee 3% p.a.
2012 YTD -4.09% 0.28% -1.60 -0.72 0.73 0.66
Risk Very High 2011 -4.35% 3.20 -0.64 -0.01 0.89 0.56
Report Bi Weekly
2010 40.81% 46.13% 2.83 3.79 0.98 0.89
2009 153.90% 86.98% 2.83 4.59 2.86 0.96
Redemption February
July
2008 -10.20% -47.71% -1.25 -2.74 0.38 0.52
Administration PT Panin
Sekuritas, The performance data shown represent past performance, which is not a guarantee of future results. Investment
Tbk. returns and principal value will fluctuate, when sold, may be worth more or less than their original cost. Current
Bandung performance may be lower or higher than the performance data cited.