P QFR-4 2011

Q U A R T E R LY F U N D R E V I E W
QUARTER 4, 2011
Quarterly Stock Market Report for 4Q 2011 Performance of FTSE Bursa Malaysia KLCI
FBM KLCI Remained Firm in Fourth Quarter of 2011
29 December 2006- 30 December 2011
After declining by 12.2% in 3Q 2011, the FBM KLCI rebounded in 4Q 2011,
rising by 10.4% to close at 1,530.7 points. Commencing the quarter at 1,800
1,387.1 points, the FBM KLCI rose above 1,400 points in October 2011 in 1,600 1,518.91
1,530.73
tandem with global markets after European Union (EU) leaders agreed on 1,400
1,445.03
a comprehensive plan to address the Eurozone’s sovereign debt crisis. After 1,272.78
retreating in November 2011, the FBM KLCI rebounded in line with firmer 1,200
regional markets and closed at a 4-month high of 1,530.7 points to register 1,000 1,096.24
Index
a gain of 10.4% for the quarter. 800
876.75
600
TRACKI NG TH E FBM KLCI: 1 JAN UARY 2011 TO 30 DECEMBER 2011
400
Index
200
1,700
4 0
1,650 1 Dec-06 Dec-07 Dec-08 Dec-09 Dec-10 Dec-11
3
1,600
1,550
5
Economic Pulse
1,500
1,450 2008 2009 2010 2011(f) 2012(f)

6
1,400 2 Real GDP Growth, % 4.7 -1.7 7.2 5.0 4.5
1,350 Per Capita Income, RM 26,041 23,841 26,216 27,948 29,784
1,300 Inflation Rate, % 5.4 0.6 1.7 3.5 2.7
Jan 11 Feb 11 Mar 11 Apr 11 May 11 Jun 11 Jul 11 Aug 11 Sep 11 Oct 11 Nov 11 Dec 11
Unemployment Rate, % 3.3 3.7 3.2 3.2 3.1
1 2 3 4 5 6
......................
......................
......................
......................
......................
......................
3-Month KLIBOR, % 3.4 2.2 3.0 3.3 3.6

FBM KLCI FBM KLCI remains FBM KLCI FBM KLCI hits Global and regional FBM KLCI
strengthens volatile due to retreats on all time high of markets retreat on rebounds Average Base Lending
6.5 5.5 6.3 6.6 6.9
admist a geopolitical tension rising 1,597.1 points concerns over the supported by Rate, %
rebound in in the Middle East & domestic European sovereign debt firmer regional
offshore North African and inflationary crisis and slowdown in markets 12-Month Fixed Deposit
3.5 2.5 3.0 3.0 3.3
markets earthquake in Japan pressures global economic activities Average Interest Rate, %
Source: Bank Negara Malaysia Annual Report 2010.

f = Consensus Forecast.
Comparison of Stock Market Performance as at
30 December 2011 Key Stock Exchange Indices
As at Performance (%)
6-month 1-year 2-year 3-year 5-year 10-year
Index 30 Dec’
2011 2010 3Q 2011 4Q 2011* Dow Jones
-1.59 5.53 17.16 39.21 -1.97 21.91
Industrial Index, %
South East Asia
FTSE Bursa Malaysia
Thailand 1,025.3 40.6 -12.0 11.9 KLCI, %
-3.06 0.78 20.27 74.59 39.63 119.90
Malaysia 1,530.7 19.3 -12.2 10.4
Philippines 4,372.0^ 37.6 -6.8 9.3 Regional equity markets were mostly well-supported in 4Q 2011 on
Indonesia 3,822.0 46.1 -8.7 7.7 expectations that U.S. economic activities are improving. In North Asia,
Singapore 2,646.4 10.1 -14.3 -1.1 the Hang Seng China Enterprises Index and the Hong Kong market rose
North Asia by 11.4% and 4.8% respectively for the quarter. In South East Asia, the
HS China Enterprises 9,936.5 -0.8 -29.1 11.4 Thailand and Philippines markets surged by 11.9% and 9.3% respectively
over the same period.
Hong Kong 18,434.4 5.3 -21.5 4.8
South Korea 1,825.7^ 21.9 -15.8 3.2 On Wall Street, share prices strengthened in October 2011 as investors
Taiwan 7,072.1 9.6 -16.5 -2.1 were encouraged by the European leaders’ plans to recapitalise the banking
TOPIX 728.6 -1.0 -10.4 -4.3 sector unveiled at the EU summit in late October 2011. However, the Dow
retreated in November 2011 amidst concerns over the sovereign debt
Shanghai Composite 2,199.4 -14.3 -14.6 -6.8
issues in Europe and U.S. The Dow subsequently rebounded towards the
U.S. & Europe end of the quarter on the back of positive U.S. macroeconomic data to close
Dow Jones 12,217.6 11.0 -12.1 12.0 at 12,218 points and register a gain of 12.0% for the quarter. The Nasdaq
FTSE 100 5,572.3 9.0 -13.7 8.7 was higher by 7.9% to close at 2,605.2 points over the same period.
Nasdaq 2,605.2 16.9 -12.9 7.9
German Dax 5,898.4 16.1 -25.4 7.2
Australia 4,056.6 -2.6 -13.0 1.2
* As at 30 December 2011
^Index as at 29 December 2011
1
Economic Update In the U.S., the Institute of Supply Management’s Purchasing Managers
Index (PMI) rose to a 6-month high of 53.9 in December from 52.7 in
On the domestic front, Malaysia’s GDP growth accelerated to 5.8% in 3Q November on the back of higher production and new orders. A reading
2011 from a revised 4.3% in 2Q 2011 due to stronger government spending above 50 indicates that overall manufacturing activities in the U.S. are
which rose to a 12-year high of 21.7% from 6.6% over the same period. expanding.
Meanwhile, investment growth increased to 6.1% in 3Q 2011 from 3.2% in
2Q 2011 due to faster disbursement of public funds. Private consumption Meanwhile, U.S. non-farm jobs rose at a faster pace of 200,000 jobs in
growth improved to 7.3% from 6.4% over the same period in line with December compared to 100,000 jobs created in November as hiring in the
favourable income growth. private sector increased. The unemployment rate eased to a 34-month low
of 8.5% in December from 8.7% in November.
Malaysia’s GDP Growth by Expenditure The U.S. Joint Committee on Deficit Reduction issued a statement on
(% YoY) 1Q 2011 2Q 2011 3Q 2011 2011F 2012F 21 November 2011 that it could not reach an agreement on a plan to
reduce the U.S. budget deficit by US$1.5 trillion over the next ten years.
Consumption 6.7 6.4 7.3 6.7 6.8
As the Committee failed to reach an agreement to reduce the U.S. debt
Investment 6.5 3.2 6.1 5.1 5.0 by 23 December 2011, it has triggered automatic cuts (also known as
Government 11.7 6.6 21.7 10.2 6.6 “sequester”) totalling US$1.2 trillion over a nine-year period starting 2013.
Exports 1.4 4.1 4.2 3.8 5.1 On 30 November 2011, in a coordinated move to provide liquidity to global
financial markets, six key central banks (the Federal Reserve, Bank of Canada,
Imports 8.4 3.2 3.2 5.0 5.5 Bank of England, Bank of Japan, Swiss National Bank and European Central
Real GDP 5.2 4.3 5.8 5.0 4.5 Bank) agreed to lower the cost of U.S. dollar funding via swap agreements
and provide lines of credit for other currencies.
Malaysia’s GDP Growth by Sector To mitigate deterioration in the Eurozone’s macroeconomic conditions
amid the ongoing sovereign debt crisis, the European Central Bank (ECB)
(% YoY) 1Q 2011 2Q 2011 3Q 2011 2011F 2012F lowered its policy rate for the second consecutive month by 25 basis points
Manufacturing 5.5 2.1 5.1 4.3 3.6 to 1% on 8 December 2011. In addition, the ECB reduced the deposit
Services 7.0 6.8 7.0 6.8 6.1 rate and the marginal lending rate by 25 basis points each to 0.25% and
1.75% respectively. The reserve requirement ratio was cut by 100 basis
Agriculture -0.2 6.9 8.2 7.1 6.5 points to 1% to increase bank lending activities in the region. The ECB also
Construction 3.8 0.6 3.0 2.9 2.5 announced it will conduct the longer-term refinancing operations (LTROs)
Mining -4.2 -9.2 -6.1 -6.4 -3.3 with a maturity of 3 years to enhance credit and lending support measures
to European banks.
Real GDP 5.2 4.3 5.8 5.0 4.5
At the EU Summit on 8-9 December 2011, the EU leaders agreed to enhance
fiscal discipline and strengthen economic policy coordination in the region.
In terms of sectors, Malaysia’s 3Q 2011 GDP was mainly driven by
Additional resources of ¤200 billion in the form of bilateral loans are to be
higher growth in the manufacturing and services sectors. Growth in the
provided by the Eurozone members to the International Monetary Fund
manufacturing sector gained pace to 5.1% in 3Q 2011 from 2.1% in 2Q
(IMF) to support the global lender’s resources in containing the fallout from
2011 while the services sector growth was sustained at 7% from 6.8%
the European debt crisis.
over the same period. Agricultural output growth was robust at 8.2% in 3Q
2011 compared to 6.9% in 2Q 2011 but mining sector growth continued to After registering a decline of 17.0% in 3Q 2011, crude oil prices rose to a
contract by 6.1% after declining by 9.2% over the same period due to lower 41/2 -month high of US$102.59/barrel on 16 November 2011 on expectations
crude oil production. that U.S. economic activities are improving. Oil prices closed at US$98.83/
barrel to register a gain of 24.8% in 4Q 2011.
For the whole of 2011, our GDP growth forecast is revised up to 5% from
earlier estimates of 4.7% due to the economy’s stronger-than-expected 3Q
2011 performance. Stock Market Outlook and Investment Strategy
Malaysia’s export growth was sustained at 15.8% in October compared to Most regional markets strengthened in 4Q 2011 on expectations that
16.6% in September as higher exports of crude petroleum and liquefied the regional economies will be supported by the recent upturn in U.S.
natural gas products mitigated a decline in electronic & electrical (E&E) economic activities. The local market was well-supported with the FBM
exports. Meanwhile, import growth decelerated to 4.6% from 12.9% KLCI registering a gain of 10.4% for 4Q 2011. For 2011, the FBM KLCI
over the same period. As exports outpaced imports, the cumulative trade registered a modest annual gain of 0.8% and was the 3rd best performing
surplus for the first ten months of 2011 widened by 12.2% to RM102.4 market in Asia.
billion compared to RM91.3 billion in the same period last year. Looking ahead into 2012, global and regional equity markets are expected
The inflation rate edged down to 3.3% in November from 3.4% in October to remain volatile with investors continuing to focus on developments in
due to a moderation in food prices. Food & non-alcoholic beverage prices the Eurozone and the pace of U.S. economic activities in an environment of
eased to 5.1% in November from 5.7% in October. elevated risk aversion. In addition, demand for safe haven assets coupled
with the low interest rates environment in the U.S. is expected to continue
On the regional front, China’s manufacturing activities strengthened to result in volatility in major currencies against the U.S. dollar.
with the China Federation of Logistics and Purchasing (CFLP)’s Purchasing
Managers Index rebounding to 50.3 in December from 49.0 in November. On the local front, Malaysia’s GDP growth is projected to be sustained at
4.5% in 2012 compared to 5% estimated for 2011 on the back of resilient
China’s inflation rate eased to a 14-month low of 4.2% in November from growth in the services sector and continued fiscal stimulus from the public
5.5% in October due to lower food prices. The non-food inflation rate edged sector. In addition, the central bank has the flexibility to shift towards a
down to 2.2% from 2.7% over the same period. Following an increase in more accommodative monetary policy to boost domestic demand.
the reserve requirement ratio by 600 basis points over the January 2010
to June 2011 period, the Chinese central bank announced on 30 November As at 30 December 2011, the local stock market is valued at a P/E of about
2011 that it will reduce the reserve requirement ratio by 50 basis points to 14.9x on 2012 earnings, which is lower than its 10-year average P/E ratio of
21%, effective from 5 December 2011, to support economic growth. 16.7x. The local market is also supported by a gross dividend yield of 3.7%,
which is in line with the 10-year average of 3.6% but exceeds the 12-month
fixed deposit rate of 3.15%.
2
Bond Market Review & Outlook
For the quarter ended 30 December 2011, the U.S. Treasury market
consolidated following the release of better-than-expected economic data
which indicates that the U.S. economy is slowly recovering. The 3, 5 and
10-year Treasury yields rose by between 3 basis points (bps) and 10 bps to
0.44%, 0.98% and 2.02% respectively for the quarter.
Looking ahead, the U.S. Treasury bond prices may remain supported
due to growing concerns over slower global economic activities and the
strengthening of the U.S. dollar.
The Malaysian Government Securities (MGS) market generally strengthened
on expectations of weaker global economic outlook and lower domestic
inflationary pressures in 2012. The 3 and 5-year MGS yields fell by 19 bps
each to 3.01% and 3.21% respectively in 4Q 2011 while the 10-year MGS
yield remained unchanged at 3.69% over the same period.
The local corporate bond market remained thinly traded with the 3 and
5-year AAA corporate bond yields rising by 2 bps and 1 basis point (bp) to
3.82% and 4.05% respectively in 4Q 2011. The 10-year AAA corporate bond
yields fell by 4 bps to 4.49% over the same period.
In the money market, the spread of the 3-month Kuala Lumpur Interbank
Offered Rates (KLIBOR) over the 3-month U.S. Treasury bill rate narrowed
from 324 bps in September 2011 to 321 bps in December 2011 as the
3-month KLIBOR fell by 4 bps to 3.22% while the 3-month U.S. Treasury bill
fell by 1 bp to 0.01% over the quarter.
Monthly Interest Rates & Bond Yields

Tenor/ Date 30 December 11 30 September 11 Change*
(%) (%) (bps)
3 Months
KLIBOR 3.22 3.26 -4.0
U.S. Treasury bill 0.01 0.02 -1.0
3 Year Bonds
‘AAA’ Corporate 3.82 3.80 +2.0
MGS 3.01 3.20 -19.0
U.S. Treasury bond 0.44 0.40 +4.0
5 Year Bonds
‘AAA’ Corporate 4.05 4.04 +1.0
MGS 3.21 3.40 -19.0
10 Year Bonds
‘AAA’ Corporate 4.49 4.53 -4.0
MGS 3.69 3.69 -
* in basis points
On the domestic front, the MGS market is expected to remain supported due
to uncertainty over economic growth prospects over the medium-term.
Note : Q = Quarter
3
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
12.7
moderate
Lipper Analytics
Moderate
15 Dec 11
Lipper Leaders (Overall Ratings) : Morningstar RatingTM (Overall) :

3 4 3
[Lipper Equity Malaysia Funds Classification Morningstar CategoryTM : Malaysia Equity
calculated out of 131 funds] Consistent Preservation Total Return
Return
Financial Year End : 31 December Asset Allocation as at 30 December 2011

Money Market Instruments
Launch Date : 29.03.1981 & Others
28.02%
Approved Fund Size : 3.375 Billion Units
Equities
71.98%
Current Fund Size : NAV : RM1,325.33 Million
(Cum Distribution) Asset Allocation by Country
UNITS : 2,136.72 Million
Malaysia 57.65%
China 5.44%
Performance of Public Savings Fund vs its Benchmark Index Korea 3.82%
Over the Following Periods Ended 30 December 2011 Singapore 3.75%
Hong Kong 0.78%
PSF Benchmark PSF Benchmark Taiwan 0.39%
(%) (%) (%) (%) Indonesia 0.15%
Total Total Annualised Annualised
Return Return Return Return
1-year -5.28 0.78 -5.28 0.78 Top 5 Sectors as at 30 December 2011
3-year 58.66 74.59 16.65 20.43
5-year 55.55 39.63 9.23 6.90 Sector Name % NAV
10-year 187.52 119.90 11.14 8.20 Financial 26.60
Communications 10.88
Performances of PSF and Benchmark Index
Consumer, Non-cyclical 7.85
(Since Fund Commencement* to 30 December 2011)
1000%
Consumer, Cyclical 7.58
PSF Benchmark
900% Basic Materials 5.59
800%
700%
Top 5 Holdings as at 30 December 2011
Total Returns
600%
500%
400% Security Name
300%
Public Bank Berhad
200%
100% Tenaga Nasional Berhad
0%
CIMB Group Holdings Berhad
-100%
Apr-81 Jun-87 Aug-93 Sep-99 Nov-05 Dec-11 DiGi.Com Berhad
Benchmark: Kuala Lumpur Composite Index (prior to 6 July 2009).
FTSE Bursa Malaysia KLCI (w.e.f. 6 July 2009). UEM Land Holdings Berhad
Index data are sourced from Lipper.
* Commencement Date - 27 April 1981
Annual Returns for Financial Years Ended December 31

Year 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
PSF (%) 2.72 22.65 13.91 3.67 24.24 36.77 -28.32 43.90 16.40 -5.28
Benchmark Index (%) -7.15 22.84 14.29 -0.84 21.83 31.82 -39.33 45.17 19.34 0.78
Unit Split 1 for 10 1 for 6 - - - - - - - -
Distribution (Sen) 1.00 1.50 4.00 5.00 6.50 10.00 7.50 8.00 9.00 7.50
Distribution Yield (%) 1.7 2.3 6.6 8.6 9.6 12.6 14.7 12.4 13.6 13.8
12-Month FD Average (%) 4.0 3.7 3.7 3.7 3.7 3.7 3.7 2.5 3.0 3.0
Note:
(1)
Based on the fund’s portfolio returns as at 15 December 2011, the Volatility Factor (VF) for this fund is 12.7 and is classified as “Moderate” (source : Lipper).
4
PUBLIC GROWTH fund (PGF)
Fund Objective
To achieve long-term capital appreciation with income considered
incidental.
(1)
3-year

Fund Volatility
15.9
very high
Lipper Analytics
Moderate
15 Dec 11

3 3 3
Return
Financial Year End : 31 July Asset Allocation as at 30 December 2011

Fixed Income Securities Money Market Instruments
Launch Date : 11.12.1984
1.30% & Others
12.18%
Equities
86.52%
UNITS : 2,135.16 Million Asset Allocation by Country
Malaysia 57.89%
China 21.47%
Performance of Public Growth Fund vs its Benchmark Index Indonesia 3.83%
Over the Following Periods Ended 30 December 2011 Korea 2.07%
Taiwan 1.26%
PGF Benchmark PGF Benchmark
(%) (%) (%) (%)
1-year -3.99 0.78 -3.99 0.78
3-year 71.01 74.59 19.60 20.43 Top 5 Sectors as at 30 December 2011
5-year 56.97 39.63 9.43 6.90
Financial 33.23
Performances of PGF and Benchmark Index Communications 19.81
(Since Fund Commencement* to 30 December 2011) Consumer, Cyclical 9.52
1200%
Industrial 9.52
PGF Benchmark
1000%
Utilities 6.47
800%
Total Returns
600%
400%
Security Name
200%
Public Bank Berhad
0%
Telekom Malaysia Berhad
-200%
Jan-85 Jun-90 Oct-95 Mar-01 Aug-06 Dec-11 CIMB Group Holdings Berhad
Benchmark: Kuala Lumpur Composite Index (prior to 6 July 2009). Tenaga Nasional Berhad
FTSE Bursa Malaysia KLCI (w.e.f. 6 July 2009).
Index data are sourced from Lipper. RHB Capital Berhad
* Commencement Date - 9 January 1985
Annual Returns for Financial Years Ended July 31

Year 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
PGF (%) 12.16 2.16 14.33 11.74 4.78 51.85 -7.75 5.29 14.26 23.08
Benchmark Index (%) 9.43 -0.14 15.74 12.40 -0.16 46.79 -15.33 1.02 15.83 13.81
Distribution (Sen) 1.50 - 2.50 3.50 4.00 9.00 10.00 4.00 5.00 6.00
Distribution Yield (%) 3.1 - 5.3 7.1 8.4 14.7 20.9 8.5 10.4 11.2
12-Month FD Average (%) 4.0 3.7 3.7 3.7 3.7 3.7 3.7 2.5 3.0 3.0
Note:
Based on the fund’s portfolio returns as at 15 December 2011, the Volatility Factor (VF) for this fund is 15.9 and is classified as “Very High” (source : Lipper).
(1)
5
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

Fund Volatility
13.9
high
Lipper Analytics
Moderate
15 Dec 11

4 3 4
Return
Financial Year End : 31 January Asset Allocation as at 30 December 2011

& Others
4.18%
Equities
95.82%
Current Fund Size : NAV : RM948.90 Million
Malaysia 95.82%
Performance of Public Index Fund vs its Benchmark Index

Over the Following Periods Ended 30 December 2011
PIX Benchmark PIX Benchmark
(%) (%) (%) (%)
Total Total Annualised Annualised Top 5 Sectors as at 30 December 2011
Sector Name % NAV
1-year 2.09 1.94 2.09 1.94
3-year 82.33 79.86 22.19 21.63 Financial 39.15
5-year 50.09 43.84 8.45 7.53 Communications 14.35
10-year 174.81 126.53 10.63 8.52 Consumer, Cyclical 12.10
Industrial 10.53
Performances of PIX and Benchmark Index
640%
560%
PIX Benchmark
480%
Security Name
400%
Total Returns
320% Public Bank Berhad

240% Malayan Banking Berhad
160%
80%
0%
Axiata Group Berhad
-80% Genting Berhad

Mar-92 Mar-96 Feb-00 Jan-04 Jan-08 Dec-11

FTSE Bursa Malaysia Top 100 Index (w.e.f. 6 July 2009).
Underlying index data are sourced from Lipper.
* Commencement Date - 31 March 1992
Annual Returns for Financial Years Ended January 31

Year 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
PIX (%) 3.96 -1.73 20.78 11.02 7.49 33.29 19.82 -36.07 45.02 23.15
Benchmark Index (%) -1.22 -7.52 23.19 11.88 -0.25 30.12 17.14 -36.52 42.62 23.49
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 6.00
Distribution Yield (%) - - - 7.9 6.5 7.9 23.9 10.5 7.8 8.2
12-Month FD Average (%) 4.0 3.7 3.7 3.7 3.7 3.7 3.7 2.5 3.0 3.0
Note:
Based on the fund’s portfolio returns as at 15 December 2011, the Volatility Factor (VF) for this fund is 13.9 and is classified as “High” (source : Lipper).
(1)
6
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

Fund Volatility
14.9
high
Lipper Analytics
Moderate
15 Dec 11

3 2 2
Return
Financial Year End : 31 October Asset Allocation as at 30 December 2011

& Others
12.05%
Equities
87.95%
UNITS : 344.67 Million Asset Allocation by Country
Malaysia 65.25%
Taiwan 7.10%
Performance of Public Industry Fund vs its Benchmark Index Korea 5.33%
Over the Following Periods Ended 30 December 2011 China 4.68%
United States of America 4.10%
PIF Benchmark PIF Benchmark Hong Kong 1.49%
(%) (%) (%) (%)
1-year 3.31 0.78 3.31 0.78
Top 5 Sectors as at 30 December 2011
3-year 62.52 74.59 17.59 20.43
10-year 174.24 119.90 10.61 8.20 Financial 28.99
Performances of PIF and Benchmark Index
Industrial 15.38
240% Communications 14.55
PIF Benchmark
200% Consumer, Non-cyclical 4.29
160%

Total Returns
120%
80%
Security Name
40%
Public Bank Berhad
0%
-40%
-80% Genting Berhad

Dec-93 Jul-97 Mar-01 Oct-04 May-08 Dec-11
RHB Capital Berhad
FTSE Bursa Malaysia KLCI (w.e.f. 6 July 2009). AirAsia Berhad
* Commencement Date - 17 December 1993
Annual Returns for Financial Years Ended October 31

Year 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
PIF (%) 15.51 25.50 3.74 10.91 18.05 59.69 -40.11 35.63 14.68 4.21
Benchmark Index (%) 9.92 23.89 5.39 5.76 8.51 43.04 -38.91 43.96 21.11 -0.91
Unit Split - 1 for 6 - - - - - - - -
Distribution (Sen) - - 2.50 4.50 5.00 10.00 7.50 4.50 5.00 5.00
Distribution Yield (%) - - 4.8 8.5 8.6 12.4 17.5 8.7 9.2 9.9
12-Month FD Average (%) 4.0 3.7 3.7 3.7 3.7 3.7 3.7 2.5 3.0 3.0
Note:
(1)
7
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 18.9

very high
Lipper Analytics
Aggressive
15 Dec 11

3 1 3
Return
Financial Year End : 31 March Asset Allocation as at 30 December 2011

0.21% & Others
10.82%
Equities
88.97%
Malaysia 61.54%
China 21.17%
Performance of Public Aggressive Growth Fund vs its Benchmark Korea 2.83%
Index Over the Following Periods Ended 30 December 2011 Indonesia 1.93%
PAGF Benchmark PAGF Benchmark Australia 0.69%
(%) (%) (%) (%)
3-year 64.18 74.59 17.99 20.43
10-year 188.83 119.90 11.19 8.20 Financial 26.41
Performances of PAGF and Benchmark Index Consumer, Cyclical 9.95
Utilities 6.66
240%
200%
PAGF Benchmark Industrial 6.27
160%

Total Returns
120%
80%
Security Name
40%
0%
-40%
Public Bank Berhad
-80% Tenaga Nasional Berhad

May-94 Nov-97 Jun-01 Dec-04 Jun-08 Dec-11
AirAsia Berhad
FTSE Bursa Malaysia KLCI (w.e.f. 6 July 2009). IGB Corporation Berhad
* Commencement Date - 24 May 1994
Annual Returns for Financial Years Ended March 31

Year 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
PAGF (%) 22.46 -13.43 45.68 -3.96 12.28 42.39 9.30 -28.69 54.32 23.78
Benchmark Index (%) 16.78 -15.92 41.86 -3.38 6.34 34.56 0.05 -30.06 51.35 17.00
Distribution (Sen) - - - 3.50 4.50 6.00 15.00 5.00 8.00 9.00
Distribution Yield (%) - - - 5.9 7.3 7.5 20.6 10.5 12.2 12.6
12-Month FD Average (%) 4.0 3.7 3.7 3.7 3.7 3.7 3.7 2.5 3.0 3.0
Note:
(1)
8
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

Fund Volatility
13.2
high
Lipper Analytics
Moderate
15 Dec 11

5 4 5
Return
Financial Year End : 31 March Asset Allocation as at 30 December 2011

Fixed Income Securities
Launch Date : 25.04.1994 1.72%
& Others
17.12%
Equities
81.16%
Malaysia 81.16%
Performance of Public Regular Savings Fund vs its Benchmark

Index Over the Following Periods Ended 30 December 2011
PRSF Benchmark PRSF Benchmark
(%) (%) (%) (%) Top 5 Sectors as at 30 December 2011
Sector Name % NAV
1-year 5.01 1.94 5.01 1.94
Financial 36.60
3-year 91.42 79.86 24.19 21.63
10-year 223.48 126.53 12.45 8.52 Consumer, Cyclical 11.50
Utilities 7.65
Performances of PRSF and Benchmark Index
Industrial 6.91
420%
360%
PRSF Benchmark
300%
Security Name
240%
Total Returns

120% Telekom Malaysia Berhad
60%
Tenaga Nasional Berhad
0%
-60%
-120% IGB Corporation Berhad

May-94 Nov-97 Jun-01 Dec-04 Jun-08 Dec-11

Annual Returns for Financial Years Ended March 31

Year 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
PRSF (%) 18.55 -8.12 41.94 -1.79 11.75 33.39 3.24 -23.24 57.65 18.41
Benchmark Index (%) 16.78 -15.92 41.86 -3.38 6.34 34.56 0.05 -30.06 52.44 18.88
12-Month FD Average (%) 4.0 3.7 3.7 3.7 3.7 3.7 3.7 2.5 3.0 3.0
Note:
(1)
9
PUBLIC BALANCEd fund (PBF)
Fund Objective
To provide a steady income and capital growth over the medium to
long-term period.
(1)
3-year

Fund Volatility
11.9
moderate
Lipper Analytics
Conservative to moderate
15 Dec 11

2 1 2
[Lipper Mixed Asset MYR Balanced Funds Classification Morningstar CategoryTM : MYR Allocation
Return
Financial Year End : 31 May Asset Allocation as at 30 December 2011

Launch Date : 07.06.1995 20.39% & Others
21.24%
Equities
58.37%
Malaysia 32.07%
Performance of Public Balanced Fund vs its Benchmark Index China 22.40%
Korea 2.45%
Over the Following Periods Ended 30 December 2011 Taiwan 0.93%
PBF (%) PBEIX (%) PBF (%) PBEIX (%)
1-year -8.69 1.89 -8.69 1.89
3-year 35.49 44.89 10.66 13.17
10-year 130.67 85.13 8.72 6.35 Financial 23.40
Performances of PBF and Public Balanced Equity Index (PBEIX)
Industrial 5.83
240% Utilities 4.30
PBF PBEIX
200% Consumer, Cyclical 3.89
160%

Total Returns
120%
80%
Security Name
40%
Public Bank Berhad
0%
-40%
RHB Investment Bank Berhad - 5.30% / 2012 / 2017*
-80% Telekom Malaysia Berhad

Jul-95 Oct-98 Feb-02 May-05 Sep-08 Dec-11
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 Public Bank Berhad - 5.10% / 2016 / 2036*
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 1995
Annual Returns for Financial Years Ended May 31

Year 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
PBF (%) 28.54 -2.99 16.25 7.18 11.60 38.85 4.00 -8.46 15.50 15.79
Benchmark Index - PBEIX (%) 18.66 -4.44 13.55 4.93 5.98 27.18 -1.35 -9.87 14.42 13.68
Unit Split 0.7 for 100 - - - - - - - - -
Distribution (Sen) 1.80 - 3.00 3.50 4.00 9.00 15.00 5.00 7.00 7.00
Distribution Yield (%) 2.9 - 4.5 5.2 5.5 9.9 18.4 7.3 9.8 9.3
12-Month FD Average (%) 4.0 3.7 3.7 3.7 3.7 3.7 3.7 2.5 3.0 3.0
Note:
(1)
10
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 2011 :
in the money market and private debt securities. • Bond MYR, 10 years
(1)
3-year

Fund Volatility
1.5
very low
Lipper Analytics
Conservative
15 Dec 11

5 4 5
[Lipper Bond MYR Funds Classification calculated out Morningstar CategoryTM : MYR Bond
of 60 funds] Consistent Preservation Total Return
Return

Launch Date : 11.06.1996 Money Market Instruments
& Others
9.04%

UNITS : 1,352.44 Million 90.96%
Performance of Public Bond Fund vs its Benchmark Index

P BOND (%) 12-M FD (%) P BOND (%) 12-M FD (%)
Total Total Annualised Annualised Top 5 Holdings as at 30 December 2011
1-year 8.72 3.04 8.72 3.04 Security Name
3-year 25.39 8.64 7.84 2.80 Public Bank Berhad - 5.10% / 2016 / 2036*
5-year 32.52 16.84 5.79 3.16
EON Bank Berhad - 8.25% / 2019 / 2039*
10-year 84.92 40.80 6.34 3.48
Hong Leong Bank Berhad - 4.35% / 2016 / 2021*
Performances of P BOND and 12-Month Fixed Deposits Rate RHB Bank Berhad - 4.25% / 2016 / 2021*
(Since Fund Commencement* to 30 December 2011) Prominic Berhad - 5.05% / 2016 / 2061*
240%
P BOND 12-Month FD Note:
200% * Bonds.
160%
Total Returns
120%
80%
40%
0%
-40%
Jul-96 Aug-99 Sep-02 Oct-05 Nov-08 Dec-11
Source: Malayan Banking Berhad


Year 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
P BOND (%) 15.55 9.85 2.58 9.43 2.90 8.75 -1.33 8.01 7.64 8.78
Benchmark Index - 12-Month FD (%) 4.04 3.94 3.70 3.69 3.77 3.75 3.71 3.09 2.49 2.91
Unit Split - 1 for 25 1 for 25 1 for 50 - - - - - -
12-Month FD Average (%) 4.0 3.7 3.7 3.7 3.7 3.7 3.7 2.5 3.0 3.0
Note:
(1)
Based on the fund’s portfolio returns as at 15 December 2011, the Volatility Factor (VF) for this fund is 1.5 and is classified as “Very Low” (source : Lipper).
11
PUBLIC ITTIKAL fund (P ITTIKAL)
To achieve steady capital growth over the medium to long term - The Edge-Lipper Malaysia Fund Awards 2011 :
period by investing in a portfolio of investments that complies • Equity Malaysia - Islamic, 10 years
with Shariah Principles.
(1)
3-year

Fund Volatility
13.0
high
Lipper Analytics
Moderate
15 Dec 11

3 4 2
[Lipper Equity Malaysia Funds Classification Morningstar CategoryTM : Islamic Malaysia Equity
Return

Launch Date : 10.04.1997 Islamic Debt Securities Islamic Money Market Instruments
0.67% & Others
Approved Fund Size : 3.75 Billion Units 23.17%

Shariah-compliant Equities
UNITS : 3,557.55 Million 76.16%
Performance of Public Ittikal Fund vs its Benchmark Index Asset Allocation by Country
Over the Following Periods Ended 30 December 2011 Malaysia 55.49%

China 13.05%
P ITTIKAL Benchmark P ITTIKAL Benchmark Korea 3.29%
Taiwan 1.91%
(%) (%) (%) (%)
Australia 0.56%
1-year -0.78 2.41 -0.78 2.41
3-year 55.45 73.12 15.86 20.10
10-year 181.58 105.40 10.90 7.46
Sector Name % NAV
Performances of P ITTIKAL and Benchmark Index Communications 22.48

(Since Fund Commencement* to 30 December 2011) Industrial 12.40
P ITTIKAL Benchmark
240% Utilities 8.82
180% Consumer, Non-cyclical 5.65
Total Returns
120%
60% Top 5 Holdings as at 30 December 2011

0%
Security Name
-60%
-120%
May-97 Apr-00 Mar-03 Feb-06 Jan-09 Dec-11
Benchmark: Kuala Lumpur Syariah Index (prior to 1 November 2007). Axiata Group Berhad
FTSE Bursa Malaysia EMAS Shariah Index (w.e.f. 1 November 2007).
Underlying index data are sourced from Lipper. AirAsia Berhad
* Commencement Date - 9 May 1997 Malaysian Resources Corporation Berhad

Year 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
P ITTIKAL (%) 18.84 1.23 28.95 7.24 12.91 46.13 2.98 -16.07 14.25 23.60
Benchmark Index (%) 22.05 -8.25 21.29 1.00 7.12 48.04 -1.95 -19.04 16.35 21.77
Unit Split - - - - - - - - - -
12-Month FD Average (%) 4.0 3.7 3.7 3.7 3.7 3.7 3.7 2.5 3.0 3.0
Note:
(1)
12
PUBLIC SMALLCAP fund (P SmallCap)
Fund Objective Fund Awards Won
To achieve high capital growth through investments in companies - The Edge-Lipper Malaysia Fund Awards 2011 :
with small market capitalisation with special focus on growth • Equity Malaysia Small & Mid Caps, 3 years
stocks. • Equity Malaysia Small & Mid Caps, 5 year
• Equity Malaysia Small & Mid Caps, 10 years 3-year
(1)

Fund Volatility
15.9
high
Lipper Analytics
Aggressive
15 Dec 11

4 3 5
[Lipper Equity Malaysia Small & Mid Cap Funds Morningstar CategoryTM : Malaysia Equity
Classification calculated out of 20 funds] Consistent Preservation Total Return
Return
Financial Year End : 31 August Asset Allocation as at 30 December 2011

Launch Date : 13.06.2000 Fixed Income Securities Money Market Instruments
0.76% & Others
Current Fund Size : NAV : RM681.18 Million Equities & Derivatives

60.11%
UNITS : 993.51 Million
Asset Allocation by Country
Performance of Public SmallCap Fund vs its Benchmark Index Malaysia 43.67%
Indonesia 1.98%
P SmallCap Benchmark P SmallCap Benchmark Singapore 1.30%
(%) (%) (%) (%) Australia 1.14%
Taiwan 0.62%
Hong Kong 0.60%
1-year -10.46 -7.57 -10.46 -7.57
3-year 74.28 78.09 20.36 21.23
5-year 99.20 29.63 14.76 5.32
Financial 23.60
Performances of P SmallCap and Benchmark Index Communications 9.68
Industrial 8.18
400%
360%
P SmallCap Benchmark Consumer, Cyclical 5.70
320%
280%
Total Returns
240%
200%
160%
120%
80%
Security Name
40% KrisAssets Holdings Berhad
0%
-40% Manulife Holdings Berhad
Time DotCom Berhad
Benchmark: Kuala Lumpur Composite Index (prior to 30 April 2008).
FTSE Bursa Malaysia Small Cap Index (w.e.f. 30 April 2008). Media Prima Berhad
CapitaMalls Malaysia Trust
Annual Returns for Financial Years Ended August 31

Year 22002 2003 2004 2005 2006 2007 2008 2009 2010 2011
P SmallCap (%) 19.09 13.46 13.15 3.80 11.42 55.60 -2.13 9.66 35.15 -0.46
Benchmark Index (%) 3.52 4.49 11.39 10.34 4.88 32.96 -14.75 10.01 13.55 1.71
Unit Split - - - - - - - - - -
12-Month FD Average (%) 4.0 3.7 3.7 3.7 3.7 3.7 3.7 2.5 3.0 3.0
Notes:
* The figure shown is for period since fund commencement.
(1)
13
PUBLIC ISLAMIC BOND fund (PI BOND)
To provide annual income to investors through investment in - The Edge-Lipper Malaysia Fund Awards 2011 :
Islamic Debt Securities. • Bond MYR-Islamic, 5 years
(1)
3-year

Fund Volatility
1.6
very low
Lipper Analytics
Conservative
15 Dec 11

5 4 5
[Lipper Bond MYR Funds Classification calculated Morningstar CategoryTM : Islamic MYR Bond
out of 60 funds] Consistent Preservation Total Return
Return

Launch Date : 15.08.2001 Islamic Money Market Instruments
& Others

Islamic Debt Securities

Performance of Public Islamic Bond Fund vs its Benchmark 92.27%
PI BOND 12-M GIA PI BOND 12-M GIA
(%) (%) (%) (%)
1-year 7.64 3.24 7.64 3.24 Top 5 Holdings as at 30 December 2011
3-year 26.57 9.46 8.18 3.06
Security Name
5-year 35.87 17.45 6.32 3.27
10-year 90.06 38.95 6.63 3.34 Special Power Vehicle Berhad - 3.00% / 2020*
Bank Muamalat Malaysia Berhad - 5.15% / 2016 / 2021*
Performances of PI BOND and 12-Month General Investment Special Power Vehicle Berhad - 3.00% / 2018*
Account (GIA) Rates (Since Fund Commencement* to Binariang GSM Sendirian Berhad - 5.90% / 2016*
30 December 2011)
Encorp Systembilt Sendirian Berhad - 6.00% / 2012*
100%
PI BOND 12-Month GIA Note:
80%
* Sukuk (Islamic Bonds).
60%
Total Returns
40%
20%
0%
-20%
Sep-01 Sep-03 Oct-05 Nov-07 Nov-09 Dec-11
Source: Bank Negara Malaysia

* Commencement Date - 4 September 2001

Year 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
PI BOND (%) 5.82 * 7.91 5.51 10.72 3.90 4.10 3.27 10.07 7.75 7.47
Benchmark Index - 12-Month GIA (%) 4.09 * 3.52 3.32 3.31 3.45 3.69 3.55 3.03 2.89 3.22
Unit Split - 1 for 20 1 for 25 1 for 20 - - - - 1 for 25 -
12-Month GIA Rates Average (%) 3.5 3.7 3.7 3.7 3.7 3.7 3.7 2.5 3.0 3.0
Notes:
(1)
14
PUBLIC EQUITY fund (PEF)
Fund Objective
To achieve capital growth through the aggressive selection
of growth stocks from diversified economic sectors.
(1)
3-year

Fund Volatility
16.8
very high
Lipper Analytics
Aggressive 15 Dec 11

3 2 3
Return

& Others
12.61%
Equities
87.39%
Malaysia 58.72%
China 21.64%
Performance of Public Equity Fund vs its Benchmark Index Indonesia 3.51%
Over the Following Periods Ended 30 December 2011 Korea 1.82%
Taiwan 0.73%
PEF Benchmark PEF Benchmark Australia 0.67%
(%) (%) (%) (%) United States of America 0.30%
1-year -5.58 0.78 -5.58 0.78
5-year 47.44 39.63 8.06 6.90
Financial 31.32
Performances of PEF and Benchmark Index Communications 22.90
280%
PEF Benchmark Industrial 8.26
240%
Utilities 6.69
200%
Total Returns
160%

80%
Security Name
40%
0%
Public Bank Berhad
-40%
Sep-01 Sep-03 Oct-05 Nov-07 Nov-09 Dec-11
FTSE Bursa Malaysia KLCI (w.e.f. 6 July 2009). CIMB Group Holdings Berhad
AirAsia Berhad

Year 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
PEF (%) 10.69 * 26.83 5.42 10.51 15.26 51.35 -41.53 58.52 21.92 -2.69
Benchmark Index (%) -4.09 * 23.89 5.39 5.76 8.57 43.04 -38.91 43.96 21.11 -0.91
Unit Split - 1 for 20 - - - - - - - -
Distribution (Sen) - 1.80 2.00 2.50 3.00 6.00 5.00 2.50 4.50 3.00
Distribution Yield (%) - 5.8 6.8 8.3 9.4 14.3 24.4 8.7 14.8 11.5
12-Month FD Average (%) 4.0 3.7 3.7 3.7 3.7 3.7 3.7 2.5 3.0 3.0
Notes:
(1)
15
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 10.9

moderate
Lipper Analytics
Aggressive
15 Dec 11

3 4 3
Return

Launch Date : 28.05.2003 Islamic Debt Securities
Islamic Money Market Instruments
1.49%
& Others
Current Fund Size : NAV : RM1,648.45 Million Shariah-compliant Equities

UNITS : 4,912.43 Million 87.29%

Performance of Public Islamic Equity Fund vs its Benchmark Malaysia 85.30%
Index Over the Following Periods Ended 30 December 2011 Taiwan 1.38%
Korea 0.61%
PIEF Benchmark PIEF Benchmark
(%) (%) (%) (%)
3-year 63.81 73.12 17.90 20.10
Sector Name % NAV
5-year 51.96 40.51 8.72 7.03
Since Communications 23.86
158.06 111.09 11.74 9.14
Commencement
Industrial 11.55
Performances of PIEF and Benchmark Index
(Since Fund Commencement* to 30 December 2011) Energy 8.25
180% Diversified 7.84
PIEF Benchmark
160%
140%
Total Returns
100%
80%
Security Name
60% Axiata Group Berhad
40%
20%
0% DiGi.Com Berhad
-20%
Jun-03 Feb-05 Nov-06 Jul-08 Apr-10 Dec-11
Benchmark: Kuala Lumpur Syariah Index (prior to 1 November 2007). Petronas Dagangan Berhad
* Commencement Date - 17 June 2003

Year 2004 2005 2006 2007 2008 2009 2010 2011
PIEF (%) 20.32 * 8.10 9.41 45.36 3.16 -13.88 15.47 22.80
Benchmark Index (%) 18.34 * 1.00 7.12 48.04 -1.95 -19.04 16.35 21.77
Unit Split - - - - - - - -
Distribution (Sen) 1.00 1.50 1.50 4.25 6.50 1.75 1.75 2.00
Distribution Yield (%) 3.7 5.4 5.1 11.0 18.4 6.4 6.0 5.9
12-Month FD Average (%) 3.7 3.7 3.7 3.7 3.7 2.5 3.0 3.0
Notes:
(1)
16
PUBLIC MONEY MARKET fund (PMMF)
Fund Objective
To provide liquidity and current income, while maintaining capital
stability.
(1)
3-year

Fund Volatility
0.1
very low
Conservative
Lipper Analytics
15 Dec 11
Morningstar RatingTM (Overall) :

Morningstar CategoryTM : MYR Money Market


Current Fund Size : NAV : RM386.83 Million & Others
100.00%
Performance of Public Money Market Fund vs its Benchmark

PMMF Benchmark PMMF Benchmark
(%) (%) (%) (%)
Security Name
1-year 2.82 3.02 2.82 3.02
3-year 7.46 8.10 2.43 2.63 Public Bank Berhad - 3.45% / 11/01/2012*
5-year 14.33 16.11 2.71 3.03 Public Investment Bank Berhad - 3.15% / 31/01/2012*
Since Public Bank Berhad - 3.40% / 02/03/2012*
Commencement 25.77 27.65 2.89 3.08
Public Islamic Bank Berhad - 12/04/2012**
Performances of PMMF and Benchmark Index Public Investment Bank Berhad - 3.35% / 05/04/2012*
(Since Fund Commencement* to 30 December 2011) Notes:
32% * Negotiable Instruments of Deposits (NID).
28%
PMMF Benchmark ** Negotiable Islamic Debt Certificate (NIDC).
24%
20%
Total Returns
16%
12%
8%
4%
0%
-4%
Dec-03 Jul-05 Feb-07 Oct-08 May-10 Dec-11
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.

Year 2005 2006 2007 2008 2009 2010 2011
PMMF (%) 3.77 * 3.00 3.21 3.13 3.14 2.05 2.37
Benchmark Index (%) 3.32 * 2.89 3.75 3.62 3.58 2.17 2.71
Unit Split 1 for 75 - - - - - -
Distribution (Sen) 2.25 3.25 4.00 3.00 3.00 2.50 2.50
Distribution Yield (%) 2.2 3.3 4.0 3.0 3.0 2.5 2.5
12-Month FD Average (%) 3.7 3.7 3.7 3.7 2.5 3.0 3.0
Notes:
(1)
17
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

Fund Volatility
11.8
high
Lipper Analytics

5 4 5
[Lipper Equity Malaysia Small & Mid Cap Funds Morningstar CategoryTM : Malaysia Equity
Return

& Others
4.60%
Equities
95.40%
(Cum Distribution) Asset Allocation by Country
Malaysia 86.13%
China 5.00%
Performance of Public Focus Select Fund vs its Benchmark Hong Kong 1.80%
Index Over the Following Periods Ended 30 December 2011 Singapore 1.28%
Korea 0.92%
PFSF Benchmark PFSF Benchmark Indonesia 0.27%
(%) (%) (%) (%)
1-year 5.17 6.22 5.17 6.22
5-year 64.66 61.02 10.48 9.98 Financial 28.78
Since
124.83 95.10 12.19 9.95 Consumer, Non-cyclical 27.90
Commencement
Performances of PFSF and Benchmark Index Industrial 10.71
Communications 6.38
144%
PFSF Benchmark
126%
90%
Total Returns
72% Security Name

54% IGB Corporation Berhad
36%
Alliance Financial Group Berhad
18%
0% Kulim (Malaysia) Berhad
-18%
LPI Capital Berhad
-36%
Dec-04 May-06 Oct-07 Mar-09 Jul-10 Dec-11 United Plantations Berhad
Benchmark: Kuala Lumpur Composite Index (prior to 30 April 2008).
FTSE Bursa Malaysia Mid 70 Index (w.e.f. 30 April 2008).

Year 2005 2006 2007 2008 2009 2010 2011
PFSF (%) 4.56 * 30.59 29.62 -32.89 42.66 26.16 5.17
Benchmark Index (%) -0.55 * 21.83 31.82 -42.57 51.95 31.79 6.22
Unit Split - 1 for 8 - - - - -
Distribution (Sen) 0.85 2.50 7.50 1.25 0.75 2.00 2.00
Distribution Yield (%) 3.6 8.5 29.5 7.7 3.4 7.7 8.0
12-Month FD Average (%) 3.7 3.7 3.7 3.7 2.5 3.0 3.0
Notes:
(1)
18
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

Fund Volatility
2.7
low
Lipper Analytics
15 Dec 11

4 5 4
[Lipper Mixed Asset MYR Conservative Funds Morningstar CategoryTM : MYR Bond
Return

Launch Date : 19.01.2005 76.39% Money Market Instruments & Others
9.07%
Equities & Derivatives
Current Fund Size : NAV : RM294.70 Million 14.54%
Malaysia 14.54%
Performance of Public Enhanced Bond Fund vs its Benchmark
PEBF (%) 12-M FD (%) PEBF (%) 12-M FD (%) Top 5 Holdings as at 30 December 2011
Return Return Return Return Security Name
1-year 3.84 3.04 3.84 3.04
Public Bank Berhad - 5.10% / 2016 / 2036*
3-year 24.89 8.64 7.70 2.80
Hong Leong Bank Berhad - 4.35% / 2016 / 2021*
5-year 26.46 16.84 4.80 3.16
Since Malaysian Government Securities - 3.502% / 2027*
48.58 25.33 5.90 3.32
Commencement RHB Capital Berhad - 4.80% / 2015*
LPI Capital Berhad

Performances of PEBF and 12-Month Fixed Deposits Rate
(Since Fund Commencement* to 30 December 2011) Note:
* Bonds.
54%
PEBF 12-Month FD
48%
42%
36%
Total Returns
30%
24%
18%
12%
6%
0%
-6%
Feb-05 Jun-06 Nov-07 Mar-09 Aug-10 Dec-11

* Commencement Date - 2 February 2005

Year 2006 2007 2008 2009 2010 2011
PEBF (%) 7.02 * 10.99 7.75 -5.62 8.83 8.81
Benchmark Index - 12-Month FD (%) 3.64 * 3.84 3.70 3.67 2.53 2.80
Unit Split 1 for 35 1 for 20 - - - 1 for 20
Distribution (Sen) 3.50 5.00 7.25 2.00 2.00 3.00
Distribution Yield (%) 3.4 4.7 7.1 2.1 2.0 2.8
12-Month FD Average (%) 3.7 3.7 3.7 2.5 3.0 3.0
Notes:
(1)
Based on the fund’s portfolio returns as at 15 December 2011, the Volatility Factor (VF) for this fund is 2.7 and is classified as “Low” (source : Lipper).
19
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

Fund Volatility
10.8
moderate
Lipper Analytics
Moderate
15 Dec 11

4 5 4
Return

Launch Date : 03.05.2005 1.07% Money Market Instruments
& Others
28.96%
Current Fund Size : NAV : RM812.64 Million Equities

69.97%
Performance of Public Dividend Select Fund vs its Benchmark Malaysia 66.29%
Index Over the Following Periods Ended 30 December 2011 China
Taiwan
2.01%
0.84%
Singapore 0.83%
PDSF Benchmark PDSF Benchmark
(%) (%) (%) (%)
3-year 74.91 78.02 20.51 21.22 Financial 26.30
5-year 68.70 42.38 11.01 7.31
Since
116.61 75.10 12.38 8.82
Commencement Consumer, Non-cyclical 8.47
Utilities 7.56
Performances of PDSF and Benchmark Index Consumer, Cyclical 7.43
140%
120%
PDSF Benchmark Top 5 Holdings as at 30 December 2011
Security Name
100%
Total Returns
80%
Public Bank Berhad
60%
40%
DiGi.Com Berhad
20%
0%
-20% Petronas Chemicals Group Berhad

May-05 Sep-06 Jan-08 May-09 Aug-10 Dec-11

FTSE Bursa Malaysia Top 100 Index (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.

Year 2006 2007 2008 2009 2010 2011
PDSF (%) 9.03 * 42.33 2.75 -10.16 20.59 26.24
Benchmark Index (%) 4.08 * 45.17 -5.26 -18.18 23.97 21.68
Unit Split - - - - - -
12-Month FD Average (%) 3.7 3.7 3.7 2.5 3.0 3.0
Notes:
(1)
20
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

Fund Volatility
15.6
high
Lipper Analytics

4 3 3
[Lipper Equity Malaysia Small & Mid Cap Funds Morningstar CategoryTM : Islamic Malaysia Equity
Return

& Others
16.99%
Shariah-compliant Equities &
Islamic Derivatives
Malaysia 72.17%
Performance of Public Islamic Opportunities Fund vs its Singapore 4.66%
Benchmark Index Over the Following Periods Ended China 3.40%
30 December 2011 Korea 1.43%
Indonesia 1.35%
PIOF Benchmark PIOF Benchmark
(%) (%) (%) (%)
1-year -4.47 2.41 -4.47 2.41 Sector Name % NAV
3-year 73.24 73.12 20.12 20.10
5-year 70.03 40.51 11.19 7.03
Since Industrial 17.97
116.39 67.99 12.67 8.35
Commencement
Financial 8.19
Performances of PIOF and Benchmark Index
(Since Fund Commencement* to 30 December 2011) Communications 6.45
160%
PIOF Benchmark
120%
100% Security Name

Total Returns
80% KPJ Healthcare Berhad

60%
QSR Brands Berhad
40%
Time DotCom Berhad
20%
0% TSH Resources Berhad

-20% Raffles Medical Group Limited
Benchmark: Kuala Lumpur Syariah Index (prior to 1 November 2007).


Year 2006 2007 2008 2009 2010 2011
PIOF (%) 9.80 * 72.21 -15.20 6.59 24.47 8.55
Benchmark Index (%) 2.64 * 54.87 -16.72 -0.10 12.35 13.91
12-Month FD Average (%) 3.7 3.7 3.7 2.5 3.0 3.0
Notes:
(1)
21
PUBLIC ISLAMIC MIXED ASSET FUND (PIMXAF) (Formerly known as Public Islamic Balanced Fund)
Fund Objective
To achieve capital growth over the medium to long-term period by
investing in a portfolio of investments that complies with Syariah
requirements
(1)
3-year

Fund Volatility
8.4
low
Lipper Analytics
Moderate 15 Dec 11

Morningstar CategoryTM : Islamic MYR Allocation
Financial Year End : 30 November Asset Allocation as at 30 December 2011

Approved Fund Size : 3.0 Billion Units Islamic Debt Securities Islamic Money Market Instruments
19.17% & Others
15.93%
Performance of Public Islamic Balanced Fund vs its Benchmark Index 64.90%
PIBF PIBX PIBF PIBX Asset Allocation by Country
(%) (%) (%) (%) Malaysia 53.52%
Total Total Annualised Annualised China 4.20%
Return Return Return Return Korea 4.09%
1-year -0.34 0.24 -0.34 0.24 Taiwan 3.09%
3-year 41.87 44.61 12.36 13.08

5-year 23.68 28.36 4.34 5.11
Since Top 5 Sectors as at 30 December 2011
47.63 44.74 6.52 6.18
Commencement *
Sector Name % NAV
Performances of PIBF and Public Islamic Balanced Index (PIBX)
60%
PIBF PIBX
54%
48% Industrial 8.02
42%
Utilities 4.25
Total Returns
36%
30%
18%
12%
0%
-6%
Oct-05 Jan-07 Mar-08 Jun-09 Sep-10 Dec-11 Security Name
Benchmark:
Public Islamic Balanced Index (PIBX) is a composite of 60% the returns of the KLSI and 40% the returns on 3-Month Axiata Group Berhad
Islamic Interbank Money Market rate (prior to 12 December 2011). Effective from 1 November 2007 Bursa
Securities replaced KLSI with FTSE Bursa Malaysia EMAS Shariah Index. The Index is an appropriate performance
benchmark for balanced fund. Telekom Malaysia Berhad
* Commencement Date - 10 October 2005 Dialog Group Berhad
Performance of Public Islamic Mixed Asset Fund vs its Benchmark Index Bumiputra Commerce Holdings Berhad - 5.05% / 2013*
Over the Following Period Ended 30 December 2011
Petronas Chemicals Group Berhad
PIMXAF (%) Benchmark (%)
Total Return Total Return Note:
Since * Sukuk (Islamic Bonds).
2.47 3.43
Commencement **
Performances of PIMXAF and Benchmark Index Annual Returns for Financial Years Ended November 30
(Since Fund New Commencement** to 30 December 2011) Year 2006 2007 2008 2009 2010 2011
4%
PIMXAF Benchmark PIMXAF (%) 17.90 * 21.72 -26.42 24.68 10.98 0.96
3%
Benchmark Index (%) 11.80 * 23.80 -25.80 25.30 10.93 1.54
2% Unit Split - - - - - -
Total Returns
1% Distribution (Sen) 1.25 2.25 1.00 0.25 1.00 1.00

0%
12-Month FD
3.7 3.7 3.7 2.5 3.0 3.0
-1% Average (%)
-2% Notes:
9-Dec-11 16-Dec-11 23-Dec-11 30-Dec-11
Benchmark: (1)
Based on the fund’s portfolio returns as at 15 December 2011, the Volatility
Benchmark for PIMXAF is a composite of 70% FTSE Bursa Malaysia EMAS Shariah Index and 30% 3-Month Islamic
Interbank Money Market (IIMM) rate (w.e.f. 12 December 2011). Factor (VF) for this fund is 8.4 and is classified as “Low” (source : Lipper).
** Commencement date – 12 December 2011
22
PUBLIC FAR-EAST SELECT fund (PFES)
To seek long-term capital appreciation by investing in blue chips - The Edge-Lipper Malaysia Fund Awards 2011 :
and growth stocks in domestic and regional markets. • Equity Asia Pacific Ex-Japan, 5 years
(1)
3-year

Fund Volatility
24.9
very high
Lipper Analytics

1 1 2
[Lipper Equity Asia Pacific Ex-Japan Funds Morningstar CategoryTM : Asia ex-Japan Equity
Return

Fixed Income Money Market Instruments
Approved Fund Size : 3.5 Billion Units Securities & Others
2.57% 5.28%
UNITS : 1,684.91 Million 92.15%

Performance of Public Far-East Select Fund vs its Benchmark China 65.46%
Index Over the Following Periods Ended 30 December 2011 Malaysia 12.68%
Indonesia 6.00%
PFES Benchmark PFES Benchmark Korea 4.78%
(%) (%) (%) (%) Taiwan 1.29%
Total Total Annualised Annualised Thailand 0.89%
Return Return Return Return Hong Kong 0.75%
Australia 0.30%
1-year -25.79 -14.24 -25.79 -14.24
3-year 18.76 46.89 5.90 13.69
5-year 4.93 0.57 0.97 0.11
Since Sector Name % NAV
30.77 24.51 4.53 3.69
Commencement
Performances of PFES and Benchmark Index Financial 23.39

112%
PFES Benchmark
Basic Materials 8.93
98%
84%
70%
Total Returns

56%
42%
28%
Security Name
14%
-14% China Unicom (Hong Kong) Limited
-28%
Dec-05 Feb-07 May-08 Jul-09 Oct-10 Dec-11 China Telecom Corporation Limited - H Shares
Benchmark: Benchmark for PFES is a composite of 70% MSCI AC Far East Ex-Japan China National Building Material Company Limited - H Shares
Index and 30% Kuala Lumpur Composite Index (prior to 6 July 2009),
30% FTSE Bursa Malaysia KLCI (6 July 2009 to 29 April 2010). Bank of China Limited - H Shares
MSCI Far East Ex-Japan Index (w.e.f. 30 April 2010).
Underlying index data are sourced from Lipper and expressed in
Ringgit terms.

Year 2006 2007 2008 2009 2010 2011
PFES (%) 4.47 * 38.74 16.87 -14.49 8.54 22.83
Benchmark Index (%) 5.52 * 29.91 2.43 -21.92 12.24 20.54
Distribution (Sen) - 4.00 5.50 - 1.75 1.75
Distribution Yield (%) - 13.2 17.7 - 6.7 5.8
12-Month FD Average (%) 3.7 3.7 3.7 2.5 3.0 3.0
Notes:
(1)
23
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

Fund Volatility
0.7
very low
Lipper Analytics
Conservative 15 Dec 11

3 5 3
[Lipper Bond MYR Funds Classification calculated Morningstar CategoryTM : MYR Bond
Return

& Others
28.17%

Current Fund Size : NAV : RM1,478.19 Million 71.83%
Bonds 59.74%
Performance of Public Select Bond Fund vs its Benchmark Commercial Papers 12.09%

PSBF 12-M FD PSBF 12-M FD
(%) (%) (%) (%) Top 5 Holdings as at 30 December 2011
Return Return Return Return Security Name
1-year 4.60 3.04 4.60 3.04
Binariang GSM Sendirian Berhad - 5.75% / 2015**
3-year 15.72 8.64 4.99 2.80
Gulf Investment Corporation - 4.90% / 2016**
5-year 24.28 16.84 4.44 3.16
Since RHB Capital Berhad - 7.15% / 2012*
31.12 21.49 4.58 3.27
Commencement AmBank (Malaysia) Berhad - 5.23% / 2013 / 2018*
RHB Bank Berhad - 5.00% / 2012 / 2017*
Performances of PSBF and 12-Month Fixed Deposits Rate
(Since Fund Commencement* to 30 December 2011) Notes:
* Bonds.
32%
** Sukuk (Islamic Bonds).
PSBF 12-Month FD
28%
24%
20%
Total Returns
16%
12%
8%
4%
0%
-4%
Dec-05 Feb-07 May-08 Jul-09 Oct-10 Dec-11


Year 2006 2007 2008 2009 2010 2011
PSBF (%) 1.28 * 6.95 2.89 3.78 6.00 3.57
Benchmark Index - 12-Month FD (%) 1.72 * 3.79 3.70 3.29 2.51 2.86
Unit Split - 1 for 25 - - - -
Distribution (Sen) - 4.50 4.00 2.50 4.50 4.50
Distribution Yield (%) - 4.3 4.1 2.5 4.4 4.5
12-Month FD Average (%) 3.7 3.7 3.7 2.5 3.0 3.0
Notes:
(1)
24
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

Fund Volatility
9.2
moderate
Lipper Analytics
Moderate 15 Dec 11

4 5 4
Return
Financial Year End : 30 April Asset Allocation as at 30 December 2011

Islamic Debt Securities Islamic Money Market Instruments
Approved Fund Size : 9.0 Billion Units 3.36% & Others
6.61%
90.03 %
Performance of Public Islamic Dividend Fund vs its Benchmark Asset Allocation by Country
Singapore 0.96%
PIDF Benchmark PIDF Benchmark Taiwan 0.82%
(%) (%) (%) (%)
3-year 73.79 71.83 20.25 19.79
96.91 67.83 12.34 9.30
Commencement
Diversified 9.93
Performances of PIDF and Benchmark Index
112% Utilities 7.82

PIDF Benchmark
98%

84%
70%
Total Returns
56% Security Name

28%
Axiata Group Berhad
14%
Sime Darby Berhad
0%
-14% DiGi.Com Berhad

Mar-06 May-07 Jul-08 Sep-09 Oct-10 Dec-11
Petronas Dagangan Berhad
Benchmark: Kuala Lumpur Syariah Index (prior to 1 November 2007).
FTSE Bursa Malaysia EMAS Shariah Index (1 November 2007 to 29 April
2010), 90% FTSE Bursa Malaysia EMAS Shariah Index and 10% 3-Month
Islamic Interbank Money Market Rate (w.e.f. 30 April 2010).
Annual Returns for Financial Years Ended April 30

Year 2007 2008 2009 2010 2011
PIDF (%) 40.69 * 4.55 -14.51 27.73 16.29
Benchmark Index (%) 49.12 * 0.04 -24.21 31.44 12.36
Unit Split - - - - -
Distribution (Sen) 1.60 2.00 1.25 1.25 2.00
Distribution Yield (%) 5.0 6.5 4.9 4.0 5.9
12-Month FD Average (%) 3.7 3.7 2.5 3.0 3.0
Notes:
(1)
25
PUBLIC Regional Sector fund (PRSEC)
Fund Objective
To seek long-term capital appreciation by investing in selected
market sectors.
(1)
3-year

Fund Volatility
24.5
very high
Lipper Analytics

2 1 3
[Lipper Equity Asia Pacific Funds Classification Morningstar CategoryTM : Asia-Pacific ex-Japan Equity
Return

2.62% & Others

94.90%
Performance of Public Regional Sector Fund vs its Benchmark China 63.87%
Indonesia 8.07%
PRSEC Benchmark PRSEC Benchmark Korea 5.34%
(%) (%) (%) (%) Taiwan 1.43%
Total Total Annualised Annualised Hong Kong 0.75%
1-year -25.37 -12.48 -25.37 -12.48
5-year 1.72 -4.26 0.34 -0.87
Sector Name % NAV
Since
12.77 5.29 2.12 0.90
Commencement Communications 29.85
Financial 24.15
Performances of PRSEC and Benchmark Index Industrial 15.04
84%
70%
PRSEC Benchmark Energy 6.57
56%
42%
Total Returns
28%
14% Security Name

-14%
China Unicom (Hong Kong) Limited
-28%
-42%
China Telecom Corporation Limited - H Shares
Apr-06 Jun-07 Jul-08 Sep-09 Nov-10 Dec-11
China National Building Material Company Limited - H Shares
Benchmark: Benchmark for PRSEC is a composite of 90% MSCI AC Far East Ex-Japan
Index and 10% 3-Month Kuala Lumpur Interbank Offered Rates (KLIBOR). Bank of China Limited - H Shares
Underlying index data are sourced from Lipper and Bank Negara Malaysia
and expressed in Ringgit terms.

Year 2007 2008 2009 2010 2011
PRSEC (%) 27.65 * 11.39 -10.60 7.70 21.30
Benchmark Index (%) 15.94 * 5.41 -21.66 8.08 18.72
Distribution (Sen) 2.50 5.00 - 1.75 1.75
Distribution Yield (%) 9.0 18.4 - 7.6 6.7
12-Month FD Average (%) 3.7 3.7 2.5 3.0 3.0
Notes:
(1)
26
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

Fund Volatility
15.0
high
Lipper Analytics

5 2 5
[Lipper Equity Asia Pacific Funds Classification Morningstar CategoryTM : Islamic Asia Pacific Equity
Return

& Others
Current Fund Size : NAV : RM325.44 Million Islamic Derivatives
89.27%
Performance of Public Asia Ittikal Fund vs its Benchmark Index
Malaysia 31.01%
Korea 17.26%
PAIF Benchmark PAIF Benchmark
Taiwan 12.60%
(%) (%) (%) (%)
Singapore 8.37%
Total Total Annualised Annualised Hong Kong 2.53%
1-year -6.52 -6.82 -6.52 -6.82
3-year 43.26 61.51 12.74 17.34
5-year 13.52 6.42 2.57 1.25
22.76 18.06 3.94 3.18
Commencement
Performances of PAIF and Benchmark Index Industrial 16.85
(Since Fund Commencement* to 30 December 2011) Technology 12.26
56%
PAIF Benchmark Energy 10.69
42%
28%
Total Returns
14%
0%
Security Name
-14%
Samsung Electronics Company Limited
-28%
-42%
Sep-06 Oct-07 Oct-08 Nov-09 Dec-10 Dec-11 Petronas Chemicals Group Berhad
Benchmark: Benchmark for PAIF is a composite of 30% Kuala Lumpur Syariah Index
(prior to 1 November 2007), 30% FTSE Bursa Malaysia EMAS Shariah Taiwan Semiconductor Manufacturing Company Limited
Index (1 November 2007 to 29 April 2011), 30% FTSE Bursa Malaysia
Axiata Group Berhad
Hijrah Shariah Index (w.e.f. 30 April 2011) and 70% Dow Jones Islamic
Market Asia Ex-Japan IndexSM (prior to 1 January 2009), 70% S&P
Shariah BMI Asia Ex-Japan Index (w.e.f. 1 January 2009).
Underlying index data are sourced from Standard and Poor’s, Financial
Services LLC (“S&P”) and Lipper and expressed in Ringgit terms.

Year 2007 2008 2009 2010 2011
PAIF (%) 44.01 * -41.76 41.90 5.89 -2.84
Benchmark Index (%) 47.40 * -49.22 45.16 11.48 -2.76
Distribution (Sen) 2.00 - 0.50 1.00 1.25
Distribution Yield (%) 6.3 - 1.9 3.8 5.1
12-Month FD Average (%) 3.7 3.7 2.5 3.0 3.0
Notes:
(1)
27
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

Fund Volatility
13.5
high
Lipper Analytics

3 2 3
[Lipper Equity Global Funds Classification Morningstar CategoryTM : Global Large-Cap Blend Equity
Return

& Others
23.36%
UNITS : 496.21 Million 76.64%

Performance of Public Global Select Fund vs its Benchmark Index United States of America 39.73%
Over the Following Periods Ended 30 December 2011 Malaysia 10.73%
China 9.89%
PGSF Benchmark PGSF Benchmark
Thailand 2.94%
(%) (%) (%) (%)
Japan 2.70%
Total Total Annualised Annualised Korea 2.56%
Return Return Return Return Hong Kong 2.22%
1-year -10.60 -5.51 -10.60 -5.51 Netherlands 2.09%
Indonesia 1.12%
3-year 18.65 19.75 5.87 6.20
Great Britain 0.93%
5-year -21.32 -22.61 -4.68 -4.99 Taiwan 0.85%
Since Singapore 0.65%
-19.57 -20.99 -4.10 -4.43 Australia 0.23%
Commencement
Performances of PGSF and Benchmark Index Top 5 Sectors as at 30 December 2011

Sector Name % NAV
24%
PGSF Penanda Aras / ޽ᇾ Funds 16.02
16%
Trusts 15.08
8%
Pulangan / ᓁа࿌
0%
-8% Consumer, Cyclical 10.83

-16% Financial 9.06
-24%

-32%
-40%
-48% Security Name

Okt-06 Nov-07 Nov-08 Nov-09 Dis-10 Dis-11
DWS (CH) - U.S. Equities
Benchmark: Benchmark for PGSF is a composite of 90% MSCI All Country World Index
and 10% 1-Month Kuala Lumpur Interbank Offered Rates (KLIBOR). SPDR S&P 500 ETF Trust
Underlying index data are sourced from Lipper and Bank Negara
Malaysia and expressed in Ringgit terms. Public Bank Berhad
* Commencement Date - 18 October 2006
ZTE Corporation - H Shares

Year 2007 2008 2009 2010 2011
PGSF (%) 7.41 * -11.11 -19.28 6.25 12.29
Benchmark Index (%) 6.76 * -7.07 -28.13 4.69 14.57
Distribution (Sen) - - - 0.75 0.75
Distribution Yield (%) - - - 4.1 3.8
12-Month FD Average (%) 3.7 3.7 2.5 3.0 3.0
Notes:
(1)
28
PUBLIC FAR-EAST DIVIDEND FUND (PFEDF)
Fund Objective
To provide income by investing in a portfolio of stocks in domestic
and regional markets which offer or have the potential to offer
attractive dividend yields.
(1)
3-year

Fund Volatility
18.2
very high
Lipper Analytics
Moderate 15 Dec 11

3 1 2
[Lipper Equity Asia Pacific Ex-Japan Funds Morningstar CategoryTM : Asia ex-Japan Equity
Return

& Others

86.31%
Performance of Public Far-East Dividend Fund vs its Benchmark Taiwan 23.13%
Index Over the Following Periods Ended 30 December 2011 China 20.37%
Korea 16.21%
PFEDF Benchmark PFEDF Benchmark Malaysia 13.90%
(%) (%) (%) (%) Hong Kong 4.75%
Total Total Annualised Annualised Indonesia 3.68%
Return Return Return Return Thailand 2.17%
Singapore 1.52%
1-year -15.80 -12.47 -15.80 -12.47 Australia 0.58%
3-year 24.12 48.71 7.48 14.16
Since
-0.18 3.35 -0.04 0.66
Commencement Sector Name % NAV
Performances of PFEDF and Benchmark Index Financial 19.65

48% Industrial 16.55
PFEDF Benchmark
36%
24%
Total Returns
12%

0%
-12%
-24% Security Name
-36% Public Bank Berhad

-48% Taiwan Hon Chuan Enterprise Company Limited
Dec-06 Dec-07 Dec-08 Dec-09 Dec-10 Dec-11
Brilliance China Automotive Holdings Limited
Benchmark: Benchmark for PFEDF is a composite of 70% MSCI AC Far-East Ex-Japan
Index (prior to 30 April 2010) and 30% Kuala Lumpur Composite Index KT Skylife Company Limited
(prior to 6 July 2009), 30% FTSE Bursa Malaysia KLCI (6 July 2009 to 29
April 2010). China National Building Material Company 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).
Malaysia and expressed in Ringgit terms.
Annual Returns for Financial Years Ended November 30

Year 2007 2008 2009 2010 2011
PFEDF (%) 30.17 * -39.86 44.04 6.86 -16.04
Benchmark Index (%) 30.77 * -48.91 58.16 9.19 -11.50
12-Month FD Average (%) 3.7 3.7 2.5 3.0 3.0
Notes:
(1)
29
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.

Lipper Leaders (Overall Ratings) :

[Lipper Mixed Asset MYR Conservative Funds
3 5
4 2
Classification calculated out of 18 funds]
Consistent Preservation Total Return
Return

Islamic Debt Securities & Others
Approved Fund Size : 500 Million Units 77.09% 18.47%
Current Fund Size : NAV : RM70.33 Million Shariah-compliant Equities &

(Cum Distribution) Islamic Derivatives
4.44%
Performance of Public Islamic Enhanced Bond Fund vs its Asset Allocation by Country
Benchmark Index Over the Following Periods Ended Malaysia 3.28%
30 December 2011 Singapore 1.16%
PIEBF 12-M GIA PIEBF 12-M GIA

(%) (%) (%) (%)
3-year 22.57 9.46 7.03 3.06 Diversified Venue Sendirian Berhad - 6.10% / 2013*
5-year 22.87 17.45 4.20 3.27
Special Power Vehicle Berhad - 3.00% / 2015*
Since
23.56 17.58 4.29 3.27 Malakoff Corporation Berhad - 6.682% / 2022*
Commencement
Binariang GSM Sendirian Berhad - 5.90% / 2016*
Performances of PIEBF and 12-Month General Investment Kapar Energy Ventures Sendirian Berhad - 6.55% / 2012*
Account (GIA) Rates (Since Fund Commencement* to
30 December 2011) Note:
* Sukuk (Islamic Bonds).
28%
PIEBF 12-Month GIA
24%
20%
Total Returns
16%
12%
8%
4%
0%
-4%
Dec-06 Dec-07 Dec-08 Dec-09 Dec-10 Dec-11


Year 2007 2008 2009 2010 2011
PIEBF (%) 5.81 * -4.73 10.18 4.87 6.09
Benchmark Index - 12-Month GIA (%) 3.83 * 3.45 3.00 2.93 3.24
12-Month FD Average (%) 3.7 3.7 2.5 3.0 3.0
Note:
30
PUBLIC FAR-EAST BALANCED FUND (PFEBF)
Fund Objective
To provide income and capital growth over the medium to long-
term period.
(1)
3-year

Fund Volatility
11.9
moderate
Lipper Analytics
Conservative to moderate 15 Dec 11

3 1 3
[Lipper Mixed Asset MYR Balanced-Global Funds Morningstar CategoryTM : Asia Allocation
Return

Fixed Income Securities Money Market Instruments & Others
36.69% 11.98%

China 22.40%
Performance of Public Far-East Balanced Fund vs its Benchmark Korea 10.88%
Hong Kong 6.17%
PFEBF Benchmark PFEBF Benchmark Taiwan 2.21%
(%) (%) (%) (%) Singapore 1.00%
1-year -10.14 -7.18 -10.14 -7.18
Since Consumer, Cyclical 12.83
-1.09 4.88 -0.22 0.98
Comencement
Financial 9.37
Performances of PFEBF and Benchmark Index Consumer, Non-cyclical 8.98

(Since Fund Commencement* to 30 December 2011) Basic Materials 4.83
32% Technology 4.71
PFEBF Benchmark
24%

16%
8%
Total Returns
0%
Security Name
-8% RHB Investment Bank Berhad - 5.30% / 2012 / 2017*
-16% Public Bank Berhad - 5.10% / 2016 / 2036*
-24% Malakoff Corporation Berhad - 5.883% / 2014**

Feb-07 Feb-08 Jan-09 Jan-10 Jan-11 Dec-11
PT Bank CIMB Niaga Tbk - 11.30% / 2017*
Benchmark: Benchmark for PFEBF is a composite of 60% MSCI AC Far-East
Ex-Japan Index and 40% 3-Month Kuala Lumpur Interbank Offered Notes:
Rates (KLIBOR). * Bonds.
** Sukuk (Islamic Bonds).

Year 2008 2009 2010 2011
PFEBF (%) 4.60 * -15.33 17.60 6.49
Benchmark Index (%) 9.58 * -18.43 18.28 8.35
Unit Split - - - -
Distribution (Sen) 1.75 - 1.50 0.50
Distribution Yield (%) 7.6 - 7.1 2.3
12-Month FD Average (%) 3.7 2.5 3.0 3.0
Notes:
(1)
31
PUBLIC TACTICAL ALLOCATION FUND (PTAF) (Formerly known as Public Global Balanced Fund)
Fund Objective
investing in equities, collective investment schemes and fixed income
securities in domestic and foreign markets.
(1)
3-year

Fund Volatility
8.7
low
Lipper Analytics

Morningstar CategoryTM : MYR Allocation

Approved Fund Size : 1.5 Billion Units Money Market Instruments & Others
36.44%
Performance of Public Global Balanced Fund vs its Benchmark Index Over 63.56%
the Following Periods Ended 9 December 2011
PGBF Benchmark PGBF Benchmark Korea 14.09%
(%) (%) (%) (%) Taiwan 9.88%
Total Total Annualised Annualised United States of America 8.65%
Return Return Return Return China 7.64%
1-year -7.83 -2.23 -7.83 -2.23 Malaysia 7.49%
Indonesia 5.97%
3-year 13.53 16.48 4.32 5.22 France 2.23%
Since Thailand 1.99%
-13.75 -9.96 -3.02 -2.15
Commencement * Japan 1.35%
Hong Kong 1.16%
Performances of PGBF and Benchmark Index Germany 1.08%
(Since Fund Commencement* to 9 December 2011) Singapore 1.03%
12% Australia 1.00%
PGBF Benchmark

6%
0%
Sector Name % NAV

Total Returns
-6%
-12%
-18%
-24%
-30%
Financial 10.36
-36% Industrial 9.44

Feb-07 Jan-08 Jan-09 Jan-10 Dec-10 Dec-11
Benchmark: Consumer, Non-cyclical 7.05
Benchmark for PGBF is a composite of 60% MSCI All Country World Index and 40% 3-Month Kuala Lumpur
Interbank Offered Rates (KLIBOR) (prior to 12 December 2011).
Underlying index data are sourced from Lipper and Bank Negara Malaysia and expressed in Ringgit terms.
Performance of Public Tactical Allocation Fund vs its Benchmark Index Security Name
Over the Following Period Ended 30 December 2011
LPI Capital Berhad
PTAF (%) Benchmark (%)
Total Return Total Return Soulbrain Company Limited
Since Apple Incorporation
-1.14 0.19
Commencement **
Samsung Electronics Company Limited
Performances of PTAF and Benchmark Index Public Bank Berhad

(Since Fund New Commencement** to 30 December 2011)
2%
PTAF Benchmark
1% Year 2008 2009 2010 2011
PTAF (%) -5.62 * -15.76 14.68 2.53
Total Returns
0%
Benchmark Index (%) -2.31 * -19.73 13.97 6.01
Unit Split - - - -
-1%
-2% Distribution (Sen) - - 0.50 0.50

Distribution Yield (%) - - 2.4 2.4
-3%
9-Dec-11 16-Dec-11 23-Dec-11 30-Dec-11 12-Month FD Average (%) 3.7 2.5 3.0 3.0
Benchmark:
Benchmark for PTAF is a composite of 70% MSCI AC Far East Ex-Japan Index and 30% 3-Month Kuala Lumpur
Interbank Offered Rates (KLIBOR) (w.e.f. 12 December 2011). Notes:
Underlying index data are sourced from Lipper and Bank Negara Malaysia and expressed in Ringgit terms. * The figure shown is for period since fund commencement.
** Commencement date – 12 December 2011 (1)
Factor (VF) for this fund is 8.7 and is classified as “Low” (source : Lipper).
32
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
12.9
high
Moderate Lipper Analytics

15 Dec 11

4 4 5
[Lipper Equity Asia Pacific Ex-Japan Funds Morningstar CategoryTM : Islamic Asia Pacific Equity
Return

Approved Fund Size : 6.5 Billion Units & Others
8.32%
Shariah-compliant Equities & Islamic
UNITS : 2,214.61 Million Derivatives
91.68%
Performance of Public Islamic Asia Dividend Fund vs its
Benchmark Index Over the Following Periods Ended
Malaysia 37.25%
30 December 2011 Taiwan 18.34%
Korea 12.43%
PIADF Benchmark PIADF Benchmark China 12.41%
(%) (%) (%) (%) Singapore 9.75%
Total Total Annualised Annualised Thailand 1.50%
1-year 0.88 -6.90 0.88 -6.90
Since
8.18 -1.44 1.69 -0.31
Commencement Sector Name % NAV
Performances of PIADF and Benchmark Index
Industrial 14.99
30% Technology 10.17
PIADF Benchmark
20%
Diversified 7.53
10%
Energy 7.51
0%
Total Returns
-10%
-20%
-30% Security Name
-40% DiGi.Com Berhad

Apr-07 Mar-08 Mar-09 Feb-10 Jan-11 Dec-11
Benchmark: Benchmark for PIADF is a composite of 30% Kuala Lumpur Syariah Index Samsung Electronics Company Limited
(prior to 1 November 2007), 30% FTSE Bursa Malaysia EMAS Shariah
Index (1 November 2007 to 29 April 2011), 20% FTSE Bursa Malaysia Far Eastone Telecommunications Company Limited
Hijrah Shariah Index (w.e.f. 30 April 2011), 70% Dow Jones Islamic Market
Singapore Telecommunications Limited
Asia Ex-Japan IndexSM (prior to 1 January 2009), 70% S&P Shariah BMI
Asia Ex-Japan Index (w.e.f. 1 January 2009) and 10% 3-month Islamic
Interbank Money Market (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.

Year 2008 2009 2010 2011
PIADF (%) -1.83 * -21.35 27.85 9.92
Benchmark Index (%) 4.55 * -29.26 30.13 12.02
Unit Split - - - -
Distribution (Sen) 0.40 0.25 0.75 0.40
Distribution Yield (%) 1.8 1.4 3.5 1.7
12-Month FD Average (%) 3.7 2.5 3.0 3.0
Notes:
(1)
33
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)

Fund Volatility
20.9
very high
Lipper Analytics

2 1 2
[Lipper Equity Greater China Funds Classification Morningstar CategoryTM : China Equity
Return

& Others

87.96%
Performance of Public China Select Fund vs its Benchmark China 49.78%
Taiwan 31.36%
Index Over the Following Periods Ended 30 December 2011 United States of America 4.58%
Hong Kong 2.24%
PCSF Benchmark PCSF Benchmark
(%) (%) (%) (%)
Return Return Return Return Top 5 Sectors as at 30 December 2011
1-year -21.83 -18.26 -21.83 -18.26
Since Industrial 20.79
-37.45 -17.69 -9.87 -4.22
Commencement
Performances of PCSF and Benchmark Index Communications 16.96

(Since Fund Commencement* to 30 December 2011) Financial 13.79
40% Basic Materials 6.07
PCSF Benchmark
30%
20%
Total Returns
0%
Security Name
-10%
-20% China Telecom Corporation Limited - H Shares
-30%
Apple Incorporation
-40%
-50%
China National Building Materials Company Limited - H Shares
-60% China Unicom (Hong Kong) Limited
Jun-07 Mar-08 Dec-08 Sep-09 Jun-10 Mar-11 Dec-11
Taiwan Hon Chuan Enterprise Company Limited
Benchmark: Benchmark for PCSF is a composite of 40% Hang Seng China Enterprises
Index (HSCEI), 30% Hang Seng Index (HSI) and 30% Taiwan Index (TAIEX)
(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.

Year 2008 2009 2010 2011
PCSF (%) -18.07 * 0.21 -9.34 11.68
Benchmark Index (%) -6.72 * 3.26 -5.65 4.59
Unit Split - - - -
Distribution (Sen) - - - -
Distribution Yield (%) - - - -
12-Month FD Average (%) 3.7 2.5 3.0 3.0
Notes:
(1)
34
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

Fund Volatility
0.1
very low
Lipper Analytics
Financial Year End : 30 June Asset Allocation as at 30 December 2011
Approved Fund Size : 1.0 Billion Units Islamic Money Market

Instruments & Others
Performance of Public Islamic Money Market Fund vs its

30 December 2011
PIMMF Benchmark PIMMF Benchmark Top 5 Holdings as at 30 December 2011
(%) (%) (%) (%)
Total Total Annualised Annualised Security Name
1-year 2.80 3.13 2.80 3.13 Public Islamic Bank Berhad - 17/02/2012*
3-year 7.19 8.14 2.34 2.65 Public Islamic Bank Berhad - 20/02/2012*
Since Public Islamic Bank Berhad - 09/02/2012*
12.16 14.32 2.54 2.97
Commencement
Public Islamic Bank Berhad - 20/02/2012*
Public Islamic Bank Berhad - 16/04/2012*
Performances of PIMMF and Benchmark Index
(Since Fund Commencement* to 30 December 2011) Note:
16% * Negotiable Islamic Debt Certificate (NIDC).
PIMMF Benchmark
14%
12%
10%
Total Returns
8%
6%
4%
2%
0%
-2%
Jun-07 May-08 Apr-09 Feb-10 Jan-11 Dec-11
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).
Index data are sourced from Bank Negara Malaysia.
Annual Returns for Financial Years Ended June 30

Year 2008 2009 2010 2011
PIMMF (%) 3.06 * 2.60 1.90 2.60
Benchmark Index (%) 3.25 * 3.03 2.29 2.75
Unit Split - - - -
12-Month FD Average (%) 3.7 2.5 3.0 3.0
Notes:
(1)
35
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. (1)
3-year

Fund Volatility
25.6
very high
Lipper Analytics
Moderate 15 Dec 11

5 2 5
[Lipper Equity Sector Real Estate Asia Pacific Funds Morningstar CategoryTM : Property-Indirect Asia
Return

5.78%
Approved Fund Size : 3.375 Billion Units Money Market Instruments & Others
6.45%
UNITS : 1,571.01 Million Equities & Derivatives
87.77%
Performance of Public Far-East Property & Resorts Fund vs its Asset Allocation by Country
Indonesia 17.78%
PFEPRF Benchmark PFEPRF Benchmark China 10.69%
(%) (%) (%) (%) Thailand 5.76%
Philippines 0.72%
Korea 0.67%
1-year 1.17 -14.02 1.17 -14.02
3-year 108.34 33.45 27.75 10.11
Since
-1.50 -39.45 -0.34 -10.73
Commencement
Sector Name % NAV
Real Estate 46.55
Performances of PFEPRF and Benchmark Index
(Since Fund Commencement* to 30 December 2011) REITS 25.01
16% Home Builders 5.37

PFEPRF Benchmark
8%
Retail 3.51
0%
Lodging 2.26
-8%
Total Returns
-16%
-24%
-32%
-40% Security Name
-48%
IGB Corporation Berhad
-56%
-64% KrisAssets Holdings Berhad
Jul-07 Jun-08 May-09 Mar-10 Feb-11 Dec-11
CapitaMalls Malaysia Trust
Benchmark: Benchmark for PFEPRF is a customised Asia Pacific Real Estate Sector
Index by Dow Jones IndexesSM (prior to 1 January 2009), customised Indonesia Government Bond - 9.50% / 2031*
index based on the constituents within the real estate sector of
Standard & Poor’s BMI Asia Pacific Index (w.e.f. 1 January 2009). Axis Real Estate Investment Trust
Index data are sourced from Standard & Poor’s, Financial Services LLC
(“S&P”) and expressed in Ringgit terms. Note:
* Bonds.

Year 2008 2009 2010 2011
PFEPRF (%) -29.04 * 25.76 1.61 14.01
Benchmark Index (%) -32.06 * -7.43 -3.00 12.41
Unit Split - - - -
Distribution (Sen) - - 1.00 0.50
12-Month FD Average (%) 3.7 2.5 3.0 3.0
Notes:
(1)
36
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.
(1)
3-year

Fund Volatility
0.9
very low
Lipper Analytics

3 5 3
[Lipper Bond MYR Funds Classification calculated Morningstar CategoryTM : Islamic MYR Bond
Return

& Others
3.95%
Approved Fund Size : 500 Million Units
Current Fund Size : Islamic Debt Securities

NAV : RM131.68 Million
96.05%
Performance of Public Islamic Select Bond Fund vs its

30 December 2011
PISBF 12-M GIA PISBF 12-M GIA Top 5 Holdings as at 30 December 2011
(%) (%) (%) (%)
Total Total Annualised Annualised Security Name
1-year 5.50 3.24 5.50 3.24 Special Power Vehicle Berhad - 3.00% / 2017*
3-year 17.95 9.46 5.66 3.06 Anih Berhad - 4.70% / 2017*

Since Gulf Investment Corporation G.S.C - 5.25% / 2016*
22.20 15.00 4.64 3.21
Commencement
AmIslamic Bank Berhad - 4.30% / 2017*
Performances of PISBF and 12-Month General Investment Gulf Investment Corporation G.S.C - 4.90% / 2016*
Account (GIA) Rates (Since Fund Commencement* to Note:
30 December 2011) * Sukuk (Islamic Bonds).
24%
PISBF 12-Month GIA
20%
16%
Total Returns
12%
8%
4%
0%
-4%
Jul-07 Jun-08 May-09 Mar-10 Feb-11 Dec-11


Year 2008 2009 2010 2011
PISBF (%) 0.25 * 7.10 5.88 4.79
Benchmark Index - 12-Month GIA (%) 3.67 * 3.17 2.84 3.12
Unit Split - - 1 for 50 -
12-Month FD Average (%) 3.7 2.5 3.0 3.0
Notes:
(1)
37
Public ISLAMIC ASIA TACTICAL ALLOCATION fund (pIATAF) (Formerly known as Public Islamic Asia Balanced Fund)
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

Fund Volatility
10.2
moderate
Lipper Analytics

Performance of Public Islamic Asia Balanced Fund vs its Benchmark Index Shariah-compliant Equities &
Islamic Derivatives
Over the Following Periods Ended 9 December 2011 56.96%
PIABF Benchmark PIABF Benchmark
(%) (%) (%) (%) Asset Allocation by Country
Total Total Annualised Annualised Indonesia 14.29%
Return Return Return Return Korea 11.52%
Taiwan 8.00%
1-year -8.38 -6.34 -8.38 -6.34
China 6.86%
3-year 22.94 35.56 7.13 10.67 Malaysia 6.30%
Since Australia 5.28%
-13.25 -8.08 -3.29 -1.96
Commencement * Thailand 4.71%
Performances of PIABF and Benchmark Index

(Since Fund Commencement* to 9 December 2011) Top 5 Sectors as at 30 December 2011
12%
6%
PIABF Benchmark Sector Name % NAV
0% Industrial 14.92
-6%
Technology 12.58
Total Returns
-12%
-18% Financial 5.85

-24%
Energy 5.62
-30%
-36% Consumer, Cyclical 5.44

-42%
Sep-07 Jul-08 May-09 Mar-10 Feb-11 Dec-11
Benchmark:
Benchmark for PIABF is a composite of 60% Dow Jones Islamic Market Asia Ex-Japan IndexSM (prior to 1 January Top 5 Holdings as at 30 December 2011
2009), 60% S&P Shariah BMI Asia Ex-Japan Index (w.e.f. 1 January 2009) and 40% 3-month Islamic Interbank
Money Market (IIMM) rate (prior to 12 December 2011).
Underlying index data are sourced from Standard & Poor’s, Financial Services LLC (“S&P”) and Bank Negara Security Name
* Commencement Date - 10 September 2007 Samsung Electronics Company Limited
Performance of Public Islamic Asia Tactical Allocation Fund vs its Hon Hai Precision Industrial Company Limited
Benchmark Index Over the Following Period Ended 30 December 2011 China Mobile Limited
PIATAF (%) Benchmark (%) Semen Gresik (Persero) Tbk
Total Return Total Return
Since Alam Sutera Realty Tbk
1.05 0.59
Commencement **
Performances of PIATAF and Benchmark Index Annual Returns for Financial Years Ended October 31
(Since Fund New Commencement** to 30 December 2011)
2%
Year 2008 2009 2010 2011
PIATAF Benchmark PIATAF (%) -28.88 * 25.08 4.18 -5.15
1%
Benchmark Index (%) -30.12 * 27.21 6.49 -1.66
Total Returns
0% Unit Split - - - -
Distribution (Sen) - - 0.75 -
-1%
Distribution Yield (%) - - 3.3 -
12-Month FD Average (%) 3.7 2.5 3.0 3.0
-2%
-3% Notes:
9-Dec-11 16-Dec-11 23-Dec-11 30-Dec-11
Benchmark: (1)
Benchmark for PIATAF is a composite of 70% S&P Shariah BMI Asia Ex-Japan Index and 30% 3-Month Islamic
Interbank Money Market (IIMM) rate (w.e.f. 12 December 2011). Factor (VF) for this fund is 10.2 and is classified as “Moderate” (source : Lipper).
Underlying index data are sourced from Standard & Poor’s, Financial Services LLC (“S&P”) and Bank Negara
** Commencement date – 12 December 2011
38
Public south-east asia select fund (pseasf)
Fund Objective
investing in a portfolio of investments in South-East Asia markets.
(1)
3-year

Fund Volatility
17.0
very high
Lipper Analytics

N/A 3 N/A
[Lipper Equity ASEAN Funds Classification Morningstar CategoryTM : ASEAN Equity
Return

Launch Date : 02.10.2007 Fixed Income Money Market Instruments
Securities & Others
Approved Fund Size : 7.5 Billion Units 8.04% 3.42%
88.54%
Performance of Public South-East Asia Select Fund vs its Asset Allocation by Country
Indonesia 23.23%
Thailand 9.85%
PSEASF Benchmark PSEASF Benchmark
(%) (%) (%) (%)
1-year -1.35 -3.48 -1.35 -3.48
Since Financial 43.93

11.38 3.21 2.60 0.76
Commencement
Communications 7.99
Performances of PSEASF and Benchmark Index
24% Utilities 5.23
PSEASF Benchmark
16%
8%
Total Returns
-8%
-16% Security Name
-32%
AirAsia Berhad
-40%
-56%
Oct-07 Aug-08 Jun-09 Apr-10 Feb-11 Dec-11
DBS Group Holdings Limited
Benchmark: Benchmark for PSEASF is a composite of 35% Straits Times Index, 30% Astra International Tbk
Kuala Lumpur Composite Index (prior to 6 July 2009), 30% FTSE Bursa
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).
terms.
* Commencement Date - 22 October 2007

Year 2008 2009 2010 2011
PSEASF (%) -42.12 * 54.73 25.73 -2.35
Benchmark Index (%) -45.61 * 60.09 22.52 -1.90
Unit Split - - - -
12-Month FD Average (%) 3.7 2.5 3.0 3.0
Notes:
(1)
39
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.
(1)
3-year

Fund Volatility
14.8
very high
Lipper Analytics

5 4 5
Return

Launch Date : 13.11.2007 0.19% Money Market Instruments & Others
18.19%
Equities

Malaysia 81.62%
Performance of Public Sector Select Fund vs its Benchmark
PSSF Benchmark PSSF Benchmark
(%) (%) (%) (%)
Sector Name % NAV
1-year 2.72 1.94 2.72 1.94
3-year 94.32 79.86 24.81 21.63 Financial 28.06

33.46 11.10 7.34 2.62
Commencement
Industrial 7.28
Performances of PSSF and Benchmark Index
(Since Fund Commencement* to 30 December 2011) Utilities 6.64
40%
PSSF Benchmark
30%
20%
10% Security Name

Total Returns
0%
-10%
-20%
Public Bank Berhad
-30% CIMB Group Holdings Berhad

-50%
Dec-07 Sep-08 Jul-09 May-10 Mar-11 Dec-11 Time DotCom Berhad

Year 2008 2009 2010 2011
PSSF (%) -36.64 * 52.90 30.59 1.25
Benchmark Index (%) -39.15 * 43.96 22.18 0.54
Unit Split - - - -
12-Month FD Average (%) 3.7 2.5 3.0 3.0
Notes:
(1)
40
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.
(1)
3-year

Fund Volatility
13.5
high
Lipper Analytics

5 5 5
Return
Launch Date : 13.11.2007 Islamic Debt Securities Islamic Money Market Instruments
0.52% & Others
Current Fund Size : NAV : RM962.21 Million Shariah-compliant Equities

UNITS : 3,279.77 Million 74.12%

Performance of Public Islamic Sector Select Fund vs its Malaysia 74.12%
30 December 2011
PISSF FBMS Index PISSF FBMS Index
Return Return Return Return Sector Name % NAV
3-year 91.33 73.12 24.17 20.10 Industrial 12.78
Since
33.01 0.71 7.25 0.17 Consumer, Cyclical 12.07
Commencement
Utilities 9.52
Performances of PISSF and FTSE Bursa Malaysia EMAS Consumer, Non-cyclical 8.44
Shariah (FBMS) Index (Since Fund Commencement* to
30 December 2011)
40%
PISSF FBMS Index
30%
Security Name
20%
10%
Total Returns
0% Axiata Group Berhad

-20%
AirAsia Berhad
-30%
Time DotCom Berhad
-40%
-50%
Dec-07 Sep-08 Jul-09 May-10 Mar-11 Dec-11
Benchmark: Index data are sourced from Lipper.


Year 2008 2009 2010 2011
PISSF (%) -32.20 * 35.46 32.45 3.96
Benchmark Index - FBMS (%) -41.22 * 42.76 16.68 0.20
Unit Split - - - -
Distribution (Sen) - 0.50 1.00 2.00
Distribution Yield (%) - 2.2 3.5 7.2
12-Month FD Average (%) 3.7 2.5 3.0 3.0
Notes:
(1)
41
Public China ittikal fund (PCIF)
Fund Objective
investing in a portfolio of Shariah-compliant investments in the
greater China region and the balance in the domestic market.
(1)
3-year

Fund Volatility
18.5
very high
Lipper Analytics
Lipper Leaders (Overall Ratings) :

3 1 3
[Lipper Equity Greater China Funds Classification
Return

& Others

UNITS : 3,182.16 Million 90.04%

Performance of Public China Ittikal Fund vs its Benchmark China 58.25%
Index Over the Following Periods Ended 30 December 2011 Taiwan 20.57%
Malaysia 9.70%
PCIF Benchmark PCIF Benchmark Hong Kong 1.52%
(%) (%) (%) (%)
1-year -20.32 -12.20 -20.32 -12.20
Since
-33.96 -22.15 -9.72 -5.98 Communications 21.25
Commencement
Performances of PCIF and Benchmark (Since Fund Industrial 14.58
Commencement* to 30 December 2011) Energy 12.46
8%
PCIF Benchmark Technology 8.84
0%
-8%

Total Returns
-16%
-24%
Security Name
-32%
Taiwan Semiconductor Manufacturing Company Limited
-40%
Asia Cement Corporation
-48%
-56%
Dec-07 Sep-08 Jul-09 May-10 Mar-11 Dec-11 China Telecom Corporation Limited - H Shares
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 Xinyi Glass Holdings 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
Shariah BMI Taiwan Index (w.e.f. 1 January 2009) and 20% FTSE Bursa
Malaysia EMAS Shariah Index (prior to 30 April 2011), 20% FTSE Bursa
Malaysia Hijrah Shariah Index (w.e.f. 30 April 2011).
Services LLC (“S&P”) and Lipper and expressed in Ringgit terms.

Year 2008 2009 2010 2011
PCIF (%) -43.24 * 42.07 3.27 -20.37
Benchmark Index (%) -48.48 * 54.74 8.20 -12.52
Unit Split - - - -
Distribution (Sen) - - - -
Distribution Yield (%) - - - -
12-Month FD Average (%) 3.7 2.5 3.0 3.0
Notes:
(1)
42
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.
(1)
3-year

Fund Volatility
19.2
very high
Lipper Analytics

N/A 2 N/A
[Lipper Equity Sector Cyc Cons Gds & Svc Funds Morningstar CategoryTM : Sector Equity Consumer Goods and Services
Return
Financial Year End : 30 June Asset Allocation as at 30 December 2011

4.55%
Performance of Public Far-East Consumer Themes Fund vs its Asset Allocation by Country
China 30.75%
Benchmark Index Over the Following Periods Ended Korea 22.73%
30 December 2011 Hong Kong 14.40%
Malaysia 9.70%
PFECTF Benchmark PFECTF Benchmark Singapore 6.45%
(%) (%) (%) (%) Indonesia 6.29%
Total Total Annualised Annualised Taiwan 2.41%
Return Return Return Return Thailand 1.76%
Great Britain 0.96%
1-year -12.26 -3.29 -12.26 -3.29
3-year 60.08 114.17 17.00 28.93
Since
23.71 24.61 5.57 5.77 Top 5 Sectors as at 30 December 2011
Commencement
Sector Name % NAV
Performances of PFECTF and Benchmark (Since Fund Consumer, Cyclical 47.21
Commencement* to 30 December 2011)
60%
PFECTF Benchmark Financial 10.16
40%
Communications 4.11
20%
Industrial 3.56
Total Returns
0%
-20% Top 5 Holdings as at 30 December 2011

-40% Security Name
-60% Hyundai Motor Corporation

Jan-08 Nov-08 Aug-09 Jun-10 Mar-11 Dec-11
Public Bank Berhad
Benchmark: Benchmark for PFECTF is a customised index based on consumer sectors
by Dow Jones IndexesSM (prior to 1 January 2009), customised index Astra International Tbk
based on consumer sectors of Standard & Poor’s BMI Asia Ex-Japan
Index (w.e.f. 1 January 2009). LPI Capital Berhad
(“S&P”) and expressed in Ringgit terms. Li & Fung Limited
* Commencement Date - 28 January 2008
Annual Returns for Financial Years Ended June 30

Year 2008 2009 2010 2011
PFECTF (%) -5.44 * 9.09 16.32 19.69
Benchmark Index (%) -8.13 * -10.23 29.67 28.29
Unit Split - - - -
12-Month FD Average (%) 3.7 2.5 3.0 3.0
Notes:
(1)
43
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.
(1)
3-year

Fund Volatility
12.8
moderate
Lipper Analytics

2 3 2
Return

17.76%
UNITS : 3,441.86 Million Shariah-compliant Equities
82.24%
Performance of Public Islamic Select Treasures Fund vs Asset Allocation by Country
its Benchmark Index Over the Following Periods Ended Malaysia 82.24%
30 December 2011
PISTF FBMS Index PISTF FBMS Index
(%) (%) (%) (%)
1-year -0.14 2.41 -0.14 2.41 Sector Name % NAV
3-year 62.19 73.12 17.51 20.10
Industrial 23.98
Since
Commencement
Energy 10.16
Performances of PISTF and FTSE Bursa Malaysia EMAS Financial 10.16
30 December 2011)
50%
40%
PISTF FBMS Index Top 5 Holdings as at 30 December 2011
30%
Security Name
20%
Total Returns
KPJ Healthcare Berhad

10%
0% Tradewinds (Malaysia) Berhad

-10% Kencana Petroleum Berhad
-20%
Dialog Group Berhad
-30%
KFC Holdings (Malaysia) Berhad
-40%
Mar-08 Dec-08 Sep-09 Jun-10 Mar-11 Dec-11

Year 2009 2010 2011
PISTF (%) -5.20 * 13.80 26.10
Benchmark Index - FBMS (%) -12.42 * 16.35 21.77
Unit Split - - -
Distribution (Sen) - 1.25 1.50
Distribution Yield (%) - 4.9 4.9
12-Month FD Average (%) 2.5 3.0 3.0
Notes:
(1)
44
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.
(1)
3-year

Fund Volatility
19.4
very high
Lipper Analytics
Aggressive
15 Dec 11

3 1 3
[Lipper Equity Greater China Funds Classification Morningstar CategoryTM : Greater China Equity
Return

& Others

89.13%
Performance of Public China Titans Fund vs its Asset Allocation by Country

Taiwan 19.82%
PCTF Benchmark PCTF Benchmark

(%) (%) (%) (%)
1-year -18.59 -18.01 -18.59 -18.01 Sector Name % NAV
3-year 11.28 27.01 3.63 8.30 Financial 27.65
Since Energy 13.26
-17.25 -20.47 -5.00 -6.01
Commencement
Industrial 12.26
Performances of PCTF and Benchmark Index Consumer, Cyclical 10.73

16%
PCTF Benchmark
8%
0%
Security Name
Total Returns
-8%
-16% China Construction Bank Corporation - H Shares

-24% Industrial and Commercial Bank of China Limited - H Shares
-32% PetroChina Company Limited
-40% L’Occitane International S.A.
-48%
Apr-08 Jan-09 Oct-09 Jul-10 Apr-11 Dec-11
GCL-Poly Energy Holdings Limited
Benchmark: Benchmark for PCTF is a composite of 40% Hang Seng China Enterprises
Index (HSCEI), 30% Hang Seng Index (HSI) and 30% TSEC Taiwan 50 Index.
terms.

Year 2009 2010 2011
PCTF (%) -4.32 * -1.76 9.67
Benchmark Index (%) -14.82 * 1.70 13.89
Unit Split - - -
Distribution (Sen) - 1.50 -
Distribution Yield (%) - 6.9 -
Notes:
(1)
45
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.
(1)
3-year

Fund Volatility
11.8
moderate
Lipper Analytics

3 4 2
Return

& Others

UNITS : 4,044.58 Million Shariah-compliant Equities
92.43%
Performance of Public Islamic Optimal Growth Fund vs Asset Allocation by Country

its Benchmark Index Over the Following Periods Ended Malaysia 92.43%
30 December 2011
PIOGF FBMS Index PIOGF FBMS Index
(%) (%) (%) (%)
Since
Commencement
Industrial 13.46
Performances of PIOGF and FTSE Bursa Malaysia EMAS Consumer, Cyclical 9.78
Shariah (FBMS) Index (Since Fund Commencement* to Financial 8.21
30 December 2011)
36%
PIOGF FBMS Index Top 5 Holdings as at 30 December 2011
24%
12%
Security Name
Axiata Group Berhad
Total Returns
0%
-12%
Sime Darby Berhad
-24%
-36%
Petronas Chemicals Group Berhad
-48%
Apr-08 Jan-09 Oct-09 Jul-10 Apr-11 Dec-11


Year 2009 2010 2011
PIOGF (%) -24.08 * 34.59 18.75
Benchmark Index - FBMS (%) -34.87 * 40.67 20.45
Unit Split - - -
Distribution (Sen) 0.30 0.50 1.25
Distribution Yield (%) 1.6 2.0 4.4
Notes:
(1)
46
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.

Aggressive

4 1 4
[Lipper Equity Asia Pacific Funds Classification Morningstar CategoryTM : Sector Equity Infrastructure
Return

& Others
Performance of Public Far-East Telco & Infrastructure Fund Asset Allocation by Country
China 50.75%
vs its Benchmark Index Over the Following Periods Ended Malaysia 27.85%
30 December 2011 Thailand 5.52%
Korea 4.69%
PFETIF Benchmark PFETIF Benchmark Indonesia 3.79%
(%) (%) (%) (%)
1-year -14.96 -0.69 -14.96 -0.69 Sector Name % NAV
3-year 29.94 24.26 9.13 7.52
Telecommunications 41.29
Since
27.24 -7.18 7.29 -2.15 Building Materials 11.72
Commencement
Media/Internet 5.59
Performances of PFETIF and Benchmark Index Airlines 5.54
Energy - Alternate Sources 5.18
80%
PFETIF Benchmark
64%
48%
Security Name
Total Returns
32%

0% China Unicom (Hong Kong) Limited
-16%
-32%
AirAsia Berhad
-48%
Jul-08 Apr-09 Dec-09 Aug-10 Apr-11 Dec-11 GCL-Poly Energy Holdings Limited
Benchmark: Benchmark for PFETIF is a customised index based on
Telecommunications, Construction & Materials & Utilities sectors by
Dow Jones IndexesSM (prior to 1 January 2009), customised index based
on Telecommunications, Construction & Materials & Utilities sectors of
Standard & Poor’s BMI Asia Ex-Japan Index (w.e.f. 1 January 2009).
(“S&P”) and expressed in Ringgit terms.

Year 2009 2010 2011
PFETIF (%) 15.24 * 17.53 25.59
Benchmark Index (%) -17.70 * 5.21 9.64
Unit Split - - -
Distribution (Sen) - 2.50 2.25
Distribution Yield (%) - 8.0 6.1
Note:
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.

Aggressive

3 5 3
Return

5.76%
Performance of Public Islamic Select Enterprises Fund vs its 94.24%
Benchmark Index Over the Following Periods Ended Asset Allocation by Country
30 December 2011 Malaysia 94.24%
PISEF FBMS Index PISEF FBMS Index

(%) (%) (%) (%)
1-year 11.59 2.41 11.59 2.41
Sector Name % NAV
3-year 73.65 73.12 20.22 20.10
68.85 37.78 17.07 10.12
Commencement Energy 14.23
Industrial 14.16
Performances of PISEF and FTSE Bursa Malaysia EMAS
Utilities 12.45
30 December 2011) Diversified 11.05
84%
PISEF FBMS Index
72%
60%
48% Security Name
Total Returns
36%
Axiata Group Berhad
24%
12% Sime Darby Berhad
-12%
DiGi.Com Berhad
-24%
Sep-08 May-09 Dec-09 Aug-10 Apr-11 Dec-11


Year 2009 2010 2011
PISEF (%) 20.64 * 10.61 24.88
Benchmark Index - FBMS (%) 8.45 * 12.35 13.91
Unit Split - - -
Note:
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.

Conservative

3 4 3
[Lipper Bond MYR Funds Classification calculated out Morningstar CategoryTM : Islamic MYR Bond
of 60 funds] Consistent Preservation Total Return
Return

Approved Fund Size : 750 Million Units & Others
43.14%
Islamic Debt Securities
Performance of Public Islamic Income Fund vs its Benchmark 56.86%
Index Over the Following Periods Ended 30 December 2011 Bonds 54.10%
Commercial Papers 2.76%
PI INCOME 12-M GIA PI INCOME 12-M GIA
(%) (%) (%) (%)
1-year 5.47 3.24 5.47 3.24
Since
19.35 10.59 5.47 3.08 Special Power Vehicle Berhad - 3.00% / 2021*
Commencement
Public Islamic Bank Berhad - 02/08/2012**
Performance of PI INCOME and 12-Month General Investment Gulf Investment Corporation - 4.90% / 2016*
Account (GIA) Rates (Since Fund Commencement* to Sarawak Energy Berhad - 5.15% / 2021*
30 December 2011)
20%
PI INCOME 12-Month GIA Notes:
18%
16% * Sukuk (Islamic Bonds).
14% ** Negotiable Islamic Debt Certificate (NIDC).
12%
Total Returns
10%
8%
6%
4%
2%
0%
-2%
Sep-08 May-09 Dec-09 Aug-10 Apr-11 Dec-11


Year 2009 2010 2011
PI INCOME (%) 5.48 * 5.01 5.48
Benchmark Index - 12-Month GIA (%) 2.86 * 2.84 3.12
Unit Split - 1 for 25 -
Note:
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.

Aggressive

& Others
10.51%

Malaysia 85.95%
Performance of Public Select Alpha-30 Fund vs its Benchmark China 2.21%
Korea 1.33%
PSA30F Benchmark PSA30F Benchmark
(%) (%) (%) (%)
Sector Name % NAV
1-year -2.97 0.78 -2.97 0.78
Since Financial 36.75
45.57 56.18 15.06 18.12
Commencement Communications 11.46
Performance of PSA30F and Benchmark Index
Utilities 7.26
70%
PSA30F Benchmark
60%

Total Returns
40%
Security Name
30%
Public Bank Berhad
20%
Malayan Banking Berhad
10%
0%
Genting Berhad
-10%
Apr-09 Nov-09 May-10 Dec-10 Jun-11 Dec-11
FTSE Bursa Malaysia KLCI (w.e.f. 6 July 2009).

Year 2009 2010 2011
PSA30F (%) 25.76 * 16.11 -4.26
Benchmark Index (%) 28.46 * 17.96 -0.88
Unit Split - - -
Note:
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.

Aggressive

0.74% & Others

Australia 33.42%
Performance of Public Natural Resources Equity Fund vs its China 17.59%
30 December 2011 Korea 5.04%
PNREF Benchmark PNREF Benchmark Singapore 1.55%
(%) (%) (%) (%) Thailand 1.14%
Japan 0.83%
Indonesia 0.61%
1-year -24.44 -17.35 -24.44 -17.35
Since
Commencement -12.22 7.73 -5.19 3.09 Top 5 Sectors as at 30 December 2011
Sector Name % NAV

Performances of PNREF and Benchmark Index
Mining 19.69
40%
Oil & Gas 7.51
32%
PNREF Benchmark Energy - Alternate Sources 6.96
24% Electric 5.67

Chemicals/Energy - Alternate Sources 5.04
Total Returns
16%
8%

-8%
Security Name
-16%
-24%
Jul-09 Jan-10 Jul-10 Jan-11 Jul-11 Dec-11 GCL-Poly Energy Holdings Limited
Benchmark: Benchmark for PNREF is a customised index based on 40% Energy BHP Billiton Limited
Sector, 30% Metals and Mining Industry and 30% Agricultural Product
Sub-Industry of S&P/Citigroup BMI Asia Ex-Japan Index. OCI Company Limited
(“S&P”) and expressed in Ringgit terms. China National Building Material Company Limited - H Shares

Year 2010 2011
PNREF (%) 12.12 * -19.49
Benchmark Index (%) 24.30 * -11.77
Unit Split - -
Distribution (Sen) 1.50 -
Distribution Yield (%) 5.6 -
12-Month FD Average (%) 3.0 3.0
Note:
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.

Aggressive

9.35% & Others
15.60%

Australia 75.05%
Performance of Public Australia Equity Fund vs its
30 December 2011
PAUEF Benchmark PAUEF Benchmark Top 5 Sectors as at 30 December 2011
(%) (%) (%) (%)
Sector Name % NAV
1-year -8.49 -11.82 -8.49 -11.82 Financial 25.33
Since Basic Materials 21.86
3.01 -6.74 1.32 -3.05
Commencement
Energy 9.08
Communications 6.46
Performances of PAUEF and Benchmark Index
(Since Fund Commencement* to 30 December 2011) Consumer, Non-cyclical 4.71
24%
PAUEF Benchmark
12%
Security Name
Total Returns
6%
Commonwealth Bank of Australia
0%
Telstra Corporation Limited
-6%
Westpac Banking Corporation
-12%
Australia and New Zealand Banking Group Limited
-18%
-24%
National Australia Bank Limited
Sep-09 Mar-10 Aug-10 Feb-11 Jul-11 Dec-11
Benchmark: S&P/ASX200 Index.
Index data are sourced from Lipper and expressed in Ringgit terms.

Year 2010 2011
PAUEF (%) -1.84 * 16.18
Benchmark Index (%) -8.46 * 11.48
Unit Split - -
Distribution (Sen) - 2.25
Distribution Yield (%) - 8.4
Note:
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.

Aggressive

13.31%
UNITS : 266.88 Million Shariah-compliant Equities &
Islamic Derivatives
86.69%
Performance of Public Islamic Asia Leaders Equity Fund
vs its Benchmark Index Over the Following Periods Ended Asset Allocation by Country
Korea 27.30%
30 December 2011 China 19.68%
Taiwan 17.81%
PIALEF Benchmark PIALEF Benchmark Malaysia 17.08%
(%) (%) (%) (%) Singapore 4.82%
1-year -9.60 -7.36 -9.60 -7.36
Since Top 5 Sectors as at 30 December 2011
-2.41 4.89 -1.28 2.56
Commencement
Sector Name % NAV
Performance of PIALEF and Benchmark Index Communications 23.03
Technology 15.21
20%
PIALEF Benchmark Basic Materials 12.70
16%
Industrial 7.67
12%
Energy 7.26
Total Returns
8%
4%

-4% Security Name
-8%
Taiwan Semiconductor Manufacturing Company Limited
-12%
Feb-10 Jun-10 Sep-10 Jan-11 May-11 Sep-11 Dec-11
China Mobile Limited
Benchmark: Benchmark for PIALEF is a 90% customised index based on Top 100 Axiata Group Berhad
constituents by market capitalisation of the S&P Shariah BMI Asia
Ex-Japan Index and 10% 3-month Islamic Interbank Money Market Samsung Electronics Company Limited
(IIMM) rate.
CNOOC Limited
Services LLC (“S&P”), Lipper and Bank Negara Malaysia and expressed
in Ringgit terms.

Year 2010 2011
PIALEF (%) 5.96 * -8.64
Unit Split - -
Distribution (Sen) 0.75 0.75
Distribution Yield (%) 2.9 3.2
Note:
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.

Aggressive

& Others
30.78%

China 22.37%
Performance of Public Far-East Alpha-30 Fund vs its Taiwan 19.38%
Korea 15.84%
Benchmark Index Over the Following Periods Ended Australia 3.66%
Indonesia 1.95%
PFA30F Benchmark PFA30F Benchmark Japan 1.84%
(%) (%) (%) (%) Malaysia 1.79%
1-year -20.32 -12.01 -20.32 -12.01
-15.73 -5.77 -9.69 -3.48
Commencement
Performances of PFA30F and Benchmark Index Industrial 15.29

20% Financial 6.82
PFA30F Benchmark
16%
12%
8%

Total Returns
4%
0%
-4% Security Name
-8% President Chain Store Corporation
-12%
KT Skylife Company Limited
-16%
-20% China National Building Material Company Limited - H Shares
Apr-10 Aug-10 Dec-10 Apr-11 Aug-11 Dec-11
Taiwan Hon Chuan Enterprise Company Limited
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 Baidu, Incorporation - ADR
Interbank Offered Rates (KLIBOR).

Year 2010 2011
PFA30F (%) 8.00 * -20.48
Unit Split - -
Distribution (Sen) - 0.25
Distribution Yield (%) - 1.1
Note:
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.

Aggressive

& Others
12.25%
Malaysia 87.75%
Performance of Public Optimal Growth Fund vs its
30 December 2011
POGF Benchmark POGF Benchmark
(%) (%) (%) (%)
1-year 5.98 1.94 5.98 1.94 Financial 30.91

Since Consumer, Cyclical 19.17
21.03 18.29 13.50 11.79
Commencement
Performances of POGF and FTSE Bursa Malaysia Top 100 Index
(Since Fund Commencement* to 30 December 2011) Utilities 3.45
24%
POGF FBM Top 100 Index
16% Security Name
Total Returns

8% Malayan Banking Berhad
4% Genting Malaysia Berhad

DiGi.Com Berhad
-4%
Jun-10 Sep-10 Dec-10 Mar-11 Jun-11 Sep-11 Dec-11
Annual Returns for Financial Year Ended July 31

Year 2011
POGF (%) 18.20 *
Benchmark Index - FBM Top 100 Index (%) 19.98 *
Unit Split -
Distribution (Sen) 1.75
Distribution Yield (%) 6.2
12-Month FD Average (%) 3.0
Note:
55
Public indonesia select FUND (PINDOSF)
Fund Objective
To achieve capital growth over the medium to long-term period by investing
in a portfolio of investments primarily in the Indonesia market.

Aggressive
Financial Year End : 31 August Asset Allocation as at 30 December 2011

10.84%
& Others
11.75%

Indonesia 76.57%
Performance of Public Indonesia Select Fund vs its China 0.84%
30 December 2011
PINDOSF Benchmark PINDOSF Benchmark
1-year 13.54 4.08 13.54 4.08 Financial 21.32
Since Consumer, Non-cyclical 17.15
12.63 13.55 9.78 10.49
Commencement
Performances of PINDOSF and Benchmark Index Industrial 9.98

28%
PINDOSF Benchmark
24%
20%
16%
Security Name
Total Returns
12%
8%
Astra International Tbk
4% Surya Citra Media Tbk
0%
Bank Central Asia Tbk
-4%
Bank Mandiri Tbk
-8%
-12% Gudang Garam Tbk
Sep-10 Dec-10 Mar-11 Jun-11 Sep-11 Dec-11
Benchmark: Jakarta Composite Index (prior to 30 April 2011).

Jakarta LQ-45 Index (w.e.f. 30 April 2011).
Annual Returns for Financial Year Ended August 31

Year 2011
PINDOSF (%) 10.96 *
Benchmark Index (%) 14.15 *
Unit Split -
Note:
56
PUBLIC ISLAMIC ALPHA-40 GROWTH FUND (PIA40GF)
Fund Objective
To achieve capital growth by investing in stocks which comply with
Shariah requirements.

Aggressive

& Others
5.41%
94.59%
Performance of Public Islamic Alpha-40 Growth Fund vs its Malaysia 78.19%
Korea 8.03%
Taiwan 0.95%
PIA40GF Benchmark PIA40GF Benchmark
(%) (%) (%) (%)
Sector Name % NAV
1-year 5.81 0.96 5.81 0.96
5.85 2.20 5.48 2.06
Commencement Energy 16.08
Utilities 10.19
Performances of PIA40GF and Benchmark Index
(Since Fund Commencement* to 30 December 2011) Diversified 9.52
12% Industrial 9.47

PIA40GF Benchmark
8%
4%
Total Returns
Security Name
0%
Axiata Group Berhad
-4%
Sime Darby Berhad
Petronas Gas Berhad
-12%
Dec-10 Feb-11 May-11 Jul-11 Oct-11 Dec-11 DiGi.Com Berhad
Benchmark: Benchmark for PIA40GF is a composite of 75% FTSE Bursa Malaysia EMAS
Shariah Index, 15% customised index based on Top 100 constituents by
market capitalisation of the S&P Shariah BMI Asia Ex-Japan Index and
10% 3-Month Islamic Interbank Money Market (IIMM) rate.
Services LLC (“S&P”), Lipper and Bank Negara Malaysia and expressed
in Ringgit terms.
Annual Returns for Financial Year Ended November 30

Year 2011
PIA40GF (%) 0.36 *
Benchmark Index (%) -1.37 *
Unit Split -
Note:
57
PUBLIC ISLAMIC INFRASTRUCTURE BOND FUND (PIINFBF)
Fund Objective
To provide annual income to investors through investments in
sukuk of companies in the infrastructure sector.

Conservative

& Others
Approved Fund Size : 500 Million Units 28.84%
Current Fund Size : NAV : RM130.25 Million Islamic Debt Securities

Performance of Public Islamic Infrastructure Bond Fund vs its

30 December 2011
PIINFBF 12-M GIA PIINFBF 12-M GIA
Annual Annual Annualised Annualised
Security Name
1-year 6.02 3.24 6.02 3.24
Sarawak Energy Berhad - 5.15% / 2021*
Since
6.22 3.45 5.82 3.23
Commencement Malakoff Corporation Berhad - 6.682% / 2022*
Anih Berhad - 4.60% / 2016*
Performances of PIINFBF and 12-Month General Investment Special Power Vehicle Berhad - 3.00% / 2013*
Account (GIA) Rates Index (Since Fund Commencement* to
30 December 2011) Special Power Vehicle Berhad - 3.00% / 2017*
7% Note:
PIINFBF 12-Month GIA * Sukuk (Islamic Bonds).
6%
5%
Total Returns
4%
3%
2%
1%
0%
-1%
Dec-10 Feb-11 Apr-11 Jun-11 Aug-11 Oct-11 Dec-11

Annual Returns for Financial Year Ended November 30

Year 2011
PIINFBF (%) 5.81 *
Benchmark Index - 12-Month GIA (%) 3.18 *
Unit Split -
Note:
58
PUBLIC ISLAMIC STRATEGIC BOND FUND (PISTBF)
Fund Objective
sukuk and Islamic money market instruments.

Conservative

& Others
Approved Fund Size : 500 Million Units 18.37%
Current Fund Size : NAV : RM198.70 Million Islamic Debt Securities

(Cum Distribution) 81.63%
Performance of Public Islamic Strategic Bond Fund vs its

30 December 2011
PISTBF 12-M GIA PISTBF 12-M GIA
(%) (%) (%) (%)
Security Name
1-year 6.33 3.24 6.33 3.24
Since Malakoff Corporation Berhad - 6.682% / 2022*
6.33 3.24 6.33 3.24
Commencement Special Power Vehicle Berhad - 3.00% / 2015*
Performances of PISTBF and 12-Month General Investment
Sarawak Energy Berhad - 4.70% / 2018*
Account (GIA) Rates (Since Fund Commencement* to
30 December 2011) Manjung Island Energy Berhad - 4.10% / 2019*

7% Note:
PISTBF 12-Month GIA
6% * Sukuk (Islamic Bonds).
5%
Total Returns
4%
3%
2%
1%
0%
-1%
Dec-10 Mar-11 May-11 Aug-11 Oct-11 Dec-11

Annual Returns for Financial Year Ended December 31

Year 2011
PISTBF (%) 6.33*
Benchmark Index - 12-Month GIA(%) 3.24*
Unit Split -
Note:
59
PUBLIC STRATEGIC BOND FUND (PSTBF)
Fund Objective
fixed income securities and money market instruments.

Conservative
Approved Fund Size : 750 Million Units Money Market Instruments & Others
16.24%

(Cum Distribution)
UNITS : 310.06 Million Fixed Income Securities
83.76%
Performance of Public Strategic Bond Fund vs its
30 December 2011
PSTBF 12-M FD PSTBF 12-M FD
Security Name
1-year 6.41 3.04 6.41 3.04
Malakoff Corporation Berhad - 5.783% / 2013**
Since
6.41 3.04 6.41 3.04
Commencement RHB Bank Berhad - 4.25% / 2016 / 2021*
Prominic Berhad - 5.05% / 2016 / 2061*
Performance of PSTBF and 12-Month Fixed Deposits (12M-FD)
EON Bank Berhad - 8.25% / 2019 / 2039*
Rate (Since Fund Commencement* to 30 December 2011)
RHB Capital Berhad - 5.00% / 2013*
7%
PSTBF 12-Month FD
6% Notes:
* Bonds.
5% ** Sukuk (Islamic Bonds).
Total Returns
4%
3%
2%
1%
0%
-1%
Dec-10 Feb-11 Apr-11 Jun-11 Aug-11 Oct-11 Dec-11
Source: Public Bank Berhad
Annual Returns for Financial Year Ended December 31

Year 2011
PSTBF (%) 6.41*
Benchmark Index - 12-Month FD (%) 3.04*
Unit Split -
Note:
60
PUBLIC SINGAPORE EQUITY FUND (PSGEF)
Fund Objective
investing in a portfolio of investments primarily in the Singapore
market.

Aggressive
Financial Year End : 30 September Asset Allocation as at 30 December 2011

Money Market Instruments & Others


Performance of PSGEF and Benchmark Index Singapore 61.48%
(Since Fund Commencement* to 30 December 2011) Hong Kong 4.87%
8%
PSGEF Straits Times Index
4%
0%
Total Returns
-4% Sector Name % NAV
-8% Financial 31.47

-12%
Diversified 9.16
-16%
-20%
Jun-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11 Communications 6.03
Benchmark: Straits Times Index.
* Commencement Date - 27 June 2011 Top 5 Holdings as at 30 December 2011
Security Name
DBS Group Holdings Limited
Wilmar International Limited
Singapore Telecommunications Limited
United Overseas Bank Limited
Oversea - Chinese Banking Corporation Limited
61
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
Public Select Bond Fund Master Prospectus of Public Series of
Funds dated 30 April 2011 and expires
Public Regional Sector Fund on 29 April 2012.
Public Global Select Fund
Public Far-East Dividend Fund
Public Far-East Balanced Fund A copy of the Prospectuses have been registered by, and
Public Tactical Allocation Fund lodged with, the Securities Commission, which shall not be
Public China Select Fund 1st Supplemental Prospectus of interpreted to mean that the Commission recommends the
Public Far-East Property & Resorts Fund Public Tactical Allocation Fund investment.
Public South-East Asia Select Fund dated 12 December 2011 and
expires on 29 April 2012. The Securities Commission shall not be liable for any non-
Public Sector Select Fund
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
Public Optimal Growth Fund
Public Indonesia Select Fund
Public Strategic Bond Fund INVESTORS SHOULD RELY ON THEIR OWN EVALUATION TO
ASSESS THE MERITS AND RISKS OF THE INVESTMENT. IN
Prospectus of Public Singapore Equity CONSIDERING THE INVESTMENT, INVESTORS WHO ARE IN
Public Singapore Equity Fund Fund dated 7 June 2011 and expires on DOUBT AS TO THE ACTION TO BE TAKEN SHOULD CONSULT
29 April 2012. THEIR PROFESSIONAL ADVISERS IMMEDIATELY.
Public Ittikal Fund

Public Islamic Bond Fund
Public Islamic Equity Fund
Public Islamic Opportunities Fund
Public Islamic Mixed Asset Fund
Public Islamic Dividend Fund Master Prospectus of Public Series of
Public Asia Ittikal Fund Shariah-Based Funds dated 30 April 2011
Public Islamic Enhanced Bond Fund and expires on 29 April 2012.
Public Islamic Asia Dividend Fund
Public Islamic Money Market Fund
Public Islamic Select Bond Fund
Public Islamic Asia Tactical Allocation Fund 1st Supplemental Prospectus of
Public Islamic Sector Select Fund Public Islamic Mixed Asset Fund and
Public China Ittikal Fund Public Islamic Asia Tactical Allocation
Public Islamic Select Treasures Fund Fund dated 12 December 2011 and
Public Islamic Optimal Growth Fund expires on 29 April 2012.
Public Islamic Select Enterprises Fund
Public Islamic Income Fund
Public Islamic Asia Leaders Equity Fund
Public Islamic Alpha-40 Growth Fund
Public Islamic Infrastructure Bond Fund
Public Islamic Strategic Bond Fund
Where 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 their
Prospectuses. If in doubt, please consult a professional adviser; merchant bank, investment in Ringgit Malaysia terms will remain unchanged after the
accountant, auditor, lawyer, stockbroking company or independent financial distribution of additional units.
adviser.
While it is the Manager’s policy to discourage loan financing in the purchase
Applications by investors to purchase units of any of the funds listed above of units, nevertheless, this facility is available to interested investors.
must come in the form of a duly completed Application Form referred to and However, YOU are advised to read and understand the contents of the unit
accompanying the (relevant) Prospectus. trust loan financing risk disclosure statement before deciding to borrow to
Investors should note that there are fees and charges affecting this investment. purchase units.
Therefore, you should consider carefully the fees and charges before making
an investment decision.
Unit prices and distributions payable, if any, may go down as well as up.
Past performance of the funds should not be taken as an indication of
future performance. Neither the Manager nor the Trustee guarantees the
performance of any of the funds or the repayment of capital.
The funds’ past distribution is not a guarantee of future distributions. Where
unit split or distribution is declared, investors are advised that 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.
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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
absolute 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 three-, five-, and ten-year periods (if applicable). 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, Lipper does not guarantee the accuracy of this information.
Lipper Leaders (overall) - All Ratings as of 30 December 2011 - 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 2011 are 0.000 < _ VF <
_ 3.775, 3.775 < VF <
_ 10.830, 10.830 < VF <
_ 14.240, 14.240 < VF <_ 17.535 and VF more
than 17.535 respectively. For this period to 31 December 2011 the VCs for the funds are based on the VFs of the respective funds as at 30 June 2011. 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.
© 2011 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 therein.”
““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, FTSE BURSA MALAYSIA TOP 100 INDEX, FTSE BURSA MALAYSIA EMAS SHARIAH INDEX, FTSE BURSA MALAYSIA SMALL CAP INDEX, FTSE
BURSA MALAYSIA MID 70 INDEX and FTSE BURSA MALAYSIA HIJRAH SHARIAH 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 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 interest 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 9800
Quarterly Fund Review is prepared quarterly by the Product Development Department.
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Q U A R T E R LY F U N D R E V I E W

1,450 2008 2009 2010 2011(f) 2012(f)

3-Month KLIBOR, % 3.4 2.2 3.0 3.3 3.6

Source: Bank Negara Malaysia Annual Report 2010.

Monthly Interest Rates & Bond Yields

Investor’s Risk Profile

Lipper Leaders (Overall Ratings) : Morningstar RatingTM (Overall) :

Financial Year End : 31 December Asset Allocation as at 30 December 2011

Annual Returns for Financial Years Ended December 31

Investor’s Risk Profile

Lipper Leaders (Overall Ratings) : Morningstar RatingTM (Overall) :

Financial Year End : 31 July Asset Allocation as at 30 December 2011

Annual Returns for Financial Years Ended July 31

Investor’s Risk Profile

Lipper Leaders (Overall Ratings) : Morningstar RatingTM (Overall) :

Financial Year End : 31 January Asset Allocation as at 30 December 2011

Performance of Public Index Fund vs its Benchmark Index

320% Public Bank Berhad

-80% Genting Berhad

Benchmark: Kuala Lumpur Composite Index (prior to 6 July 2009).

Annual Returns for Financial Years Ended January 31

Investor’s Risk Profile

Lipper Leaders (Overall Ratings) : Morningstar RatingTM (Overall) :

Financial Year End : 31 October Asset Allocation as at 30 December 2011

Top 5 Holdings as at 30 December 2011

-80% Genting Berhad

Annual Returns for Financial Years Ended October 31

Investor’s Risk Profile 18.9

Lipper Leaders (Overall Ratings) : Morningstar RatingTM (Overall) :

Financial Year End : 31 March Asset Allocation as at 30 December 2011

Top 5 Holdings as at 30 December 2011

-80% Tenaga Nasional Berhad

Annual Returns for Financial Years Ended March 31

Investor’s Risk Profile

Lipper Leaders (Overall Ratings) : Morningstar RatingTM (Overall) :

Financial Year End : 31 March Asset Allocation as at 30 December 2011

Performance of Public Regular Savings Fund vs its Benchmark

180% Public Bank Berhad

-120% IGB Corporation Berhad

Benchmark: Kuala Lumpur Composite Index (prior to 6 July 2009).

Annual Returns for Financial Years Ended March 31

Investor’s Risk Profile

Lipper Leaders (Overall Ratings) : Morningstar RatingTM (Overall) :

Financial Year End : 31 May Asset Allocation as at 30 December 2011

Top 5 Holdings as at 30 December 2011

-80% Telekom Malaysia Berhad

Annual Returns for Financial Years Ended May 31

Investor’s Risk Profile

Lipper Leaders (Overall Ratings) : Morningstar RatingTM (Overall) :

Financial Year End : 31 July Asset Allocation as at 30 December 2011

Current Fund Size : NAV : RM1,359.02 Million

Performance of Public Bond Fund vs its Benchmark Index

Source: Malayan Banking Berhad

Annual Returns for Financial Years Ended July 31

Investor’s Risk Profile

Lipper Leaders (Overall Ratings) : Morningstar RatingTM (Overall) :

Financial Year End : 31 May Asset Allocation as at 30 December 2011

Current Fund Size : NAV : RM2,988.18 Million

Over the Following Periods Ended 30 December 2011 Malaysia 55.49%

Performances of P ITTIKAL and Benchmark Index Communications 22.48

60% Top 5 Holdings as at 30 December 2011

Annual Returns for Financial Years Ended May 31

Investor’s Risk Profile

Lipper Leaders (Overall Ratings) : Morningstar RatingTM (Overall) :