April 1, 2007
For the financial year ending 31 March 2007
We are pleased to inform that we will be declaring the following Distribution to unitholders of Public Aggressive Growth Fund (“PAGF”) and Public Regular Savings Fund (“PRSF”) respectively, who remain in the Register as at 31 March 2007:
| Fund |
Gross Distribution |
| PAGF |
6.00 sen per unit |
| PRSF |
6.00 sen per unit |
Kindly take note of the following:
- The net distribution and tax credit per unit will only be determined once our auditors, Ernst & Young, have finalised the accounts. Unitholders will be notified of the net distribution and tax credit through the Tax Voucher.
- For unitholders who opt for distribution reinvestment, the reinvestment units will be processed based on the buying price that will be determined at the close of business on 2 April 2007.
- The Tax Voucher (including the distribution cheque), Annual Statement and Annual Report will be despatched to unitholders by 31 May 2007
March 29, 2007
A moderate-risk Islamic equity income fund that seeks 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. Up to 70% of the fund’s NAV can be invested in selected foreign markets which include South Korea, China, Taiwan, Hong Kong, Philippines, Indonesia, Singapore, Thailand, Australia, New Zealand and other approved markets. Equity exposure: Generally range from 75% to 90% of its NAV. Suitable for investors with moderate risk-reward temperament with preference for receiving income while capital growth is secondary.
PIADF is actively managed to achieve its goal of providing income by investing in a diversified portfolio of Shariah-compliant stocks that offer or have the potential to offer attractive dividend yields. Notwithstanding this, the fund may also invest in growth or recovery stocks that have the potential to eventually adopt a strong dividend payout policy. In identifying such companies, the fund relies on fundamental research where the financial health, industry prospects, management quality and past track records of the companies are considered.
In terms of stock selection, the fund essentially focuses on investing in companies that have demonstrated consistency in rewarding their shareholders via strong dividend payouts. The fund may also invest in Islamic debt securities such as sovereign bonds, corporate debt and Islamic money market instruments to generate returns. The fund’s investments may also include listed Shariah-compliant warrants and options (if any) to enhance its returns. The fund may also consider investments in unlisted Shariah-compliant equities with attractive potential returns, particularly in companies that are expected to seek listing on the Bursa Securities or selected regional markets within a time frame of two years.
The fund allows investors the opportunity to participate in a diversified portfolio of Shariah-compliant blue chip stocks, growth stocks and fundamentally undervalue stocks which distribute or have the potential to distribute reasonably attractive dividends. It is timely for PIADF to be launched, as selected foreign markets such as Taiwan, Hong Kong, Singapore, Thailand, Australia and New Zealand currently offer average dividend yields of about 3% or higher.
As the fund’s equity exposure generally ranges from 75% to 90% of its NAV, the fund may experience volatility in times of adverse market movements. The fund manager will employ appropriate asset allocation, liquidity management, diversification and hedging strategies to manage the risks. The fund’s investments in foreign markets will be monitored to ensure that the potential returns are commensurate with the risks incurred as a result of investing abroad. To mitigate risks arising from factors which include foreign currency exposure and foreign interest rate movements, the fund may employ hedging strategies to manage the risks posed to the fund.
The fund’s investments in foreign securities will be selected in accordance with the Dow Jones Islamic Market Indexes and/or the securities classified as Shariah compliant by the Shariah Adviser of PIADF, Islamic Banking and Finance Institute Malaysia Sdn Bhd (IBFIM). For securities to be reviewed by the Shariah Adviser of PIADF, IBFIM, the fund manager will first identify the securities which satisfy their investment criteria on the selected foreign markets approved by the Securities Commission. All the necessary documents with the latest information pertaining to business activities, financial statements and other related information will be submitted to the Shariah Adviser of PIADF, IBFIM for Shariah Stock Screening Process based on best practices standards.
To ensure strict compliance with Shariah requirements, this list of Shariah-compliant securities will be updated by the Shariah Adviser of PIADF, IBFIM, on an on-going basis, where securities in the list will be reviewed for inclusion/exclusion from the said list
February 2, 2007
For the financial year ending 31 January 2007
We are pleased to inform that we will be declaring the following Distribution to unitholders of Public Index Fund (“PIX”), Public Enhanced Bond Fund (“PEBF”) and Public Money Market Fund (“PMMF”) respectively, who remain in the Register as at 31 January 2007:
| Fund |
Gross Distribution |
Split Unit |
| PIX |
7.50 sen per unit |
1:10 |
| PEBF |
5.00 sen per unit |
1:20 |
| PMMF |
4.00 sen per unit |
- |
Kindly take note of the following:
- The net distribution and tax credit per unit will only be determined once our auditors, Ernst & Young, have finalised the accounts. Unitholders will be notified of the net distribution and tax credit through the Tax Voucher.
- For unitholders who opt for distribution reinvestment, the reinvestment units will be processed based on the buying price that will be determined at the close of business on 2 February 2007.
- The Tax Voucher (including the distribution cheque), Annual Statement and Annual Report will be despatched to unitholders by 31 March 2007
January 17, 2007
PFEBF is a balanced fund which aims to provide income and capital growth over the medium to long-term period. The equity investment of the fund focuses on a diversified portfolio of stocks that are listed on Bursa Securities and selected regional stock markets. Up to 60% of the fund’s NAV can be invested in selected regional markets which include South Korea, China, Hong Kong, Taiwan, Japan, Singapore, Philippines,Thailand, Indonesia and other approved markets.
Equity exposure: Generally range from 40% to 60% of its NAV, while the balance of the fund’s NAV will be invested in fixed income securities and liquid assets. Suitable for investors who have conservative to moderate risk-reward temperament and have preference for receiving income and a respectable measure of capital growth.
PFEBF is actively managed and seeks to meet its objective of producing income while pursuing long-term capital growth by adhering to a balanced asset allocation approach of investing 40% to 60% of its NAV in equities. The balance of the fund’s NAV would be invested in bonds and other fixed income securities to generate the required recurring income.
PFEBF allows investors the opportunity to participate in the long-term growth potential of a diversified portfolio of blue chip stocks, growth stocks, fundamentally undervalued stocks and dividend stocks listed on Bursa Securities and selected regional stock markets. However, as the fund adopts a balanced approach whereby 40% to 60% of its NAV is invested in equities, while the balance of the fund’s NAV is invested in bonds and other fixed income securities, investors should be able to enjoy significantly less volatile returns from PFEBF as compared to an equity fund. This is because the potentially higher but more volatile returns from equity investments are moderated by the fairly stable performance from fixed income securities.
Free Group Term Life with Total and Permanent Disability plus Group Personal Accident Insurance is provided for unitholders aged between 18-59 years with a minimum NAV of RM5,000 at any point of time in PFEBF. The amount of insurance is equal to the NAV of units held in the ratio of RM1 insurance coverage for every RM1 NAV of units held, subject to a maximum amount of RM100,000 per unitholder of the fund. Only individual investors who are first holders (i.e. persons who are first named in the account/register) are entitled to the free insurance. EPF Scheme unitholders are also entitled to the free insurance. Terms and conditions apply
PGBF is a balanced fund which aims to provide income and capital growth over the
medium to long-term period by investing in equities, collective investment schemes and fixed income securities in domestic and global markets. Up to 60% of the fund’s NAV can be invested in selected global markets which include United States of America, Canada, United Kingdom, Germany, France, Finland, Switzerland, Spain, Italy, Luxembourg, Australia, New Zealand, South Korea, Hong Kong, Japan, China, Taiwan, Singapore, India, Thailand, Indonesia, Philippines and other approved markets.
Equity exposure generally range from 40% to 60% of its NAV, while the balance of the fund’s NAV will be invested in fixed income securities and liquid assets. Suitable for investors who have conservative to moderate risk-reward temperament and have preference for receiving income and a respectable measure of capital growth.
PGBF is actively managed and seeks to meet its objective of producing income while pursuing long-term capital growth by adhering to a balanced asset allocation approach of investing 40% to 60% of its NAV in equities. The balance of the fund’s NAV would be invested in bonds and other fixed income securities to generate the required recurring income.
PGBF allows investors the opportunity to participate in the long-term growth potential of a diversified portfolio of blue chip stocks, index stocks, growth stocks, fundamentally undervalued stocks and dividend stocks listed on Bursa Securities and selected global stock markets. However, as the fund adopts a balanced approach whereby 40% to 60% of its NAV is invested in equities, while the balance of the fund’s NAV is invested in bonds and other fixed income securities, investors should be able to enjoy significantly less volatile returns from PGBF as compared to an equity fund. This is because the potentially higher but more volatile returns from equity investments are moderated by the fairly stable performance from fixed income securities.
Free Group Term Life with Total and Permanent Disability plus Group Personal Accident Insurance is provided for unitholders aged between 18-59 years with a minimum NAV of RM5,000 at any point of time in PGBF. The amount of insurance is equal to the NAV of units held in the ratio of RM1 insurance coverage for every RM1 NAV of units held, subject to a maximum amount of RM100,000 per unitholder of the fund. Only individual investors who are first holders (i.e. persons who are first named in the account/register) are entitled to the free insurance. EPF Scheme unitholders are also entitled to the free insurance. Terms and conditions apply
January 6, 2007
For the financial year ending 31 December 2006
We are pleased to inform that we will be declaring the following Distribution to unitholders of Public Savings Fund (“PSF”) and Public Focus Select Fund (“PFSF”) respectively, who remain in the Register as at 29 December 2006:
| Fund |
Gross Distribution |
Split Unit |
| PSF |
6.50 sen per unit |
- |
| PFSF |
2.50 sen per unit |
1:8 |
Kindly take note of the following:
- The net distribution and tax credit per unit will only be determined once our auditors, Ernst & Young, have finalised the accounts. Unitholders will be notified of the net distribution and tax credit through the Tax Voucher.
- For unitholders who opt for distribution reinvestment, the reinvestment units will be processed based on the buying price that will be determined at the close of business on 3 January 2007.
- The Tax Voucher (including the distribution cheque), Annual Statement and Annual Report will be despatched to unitholders by 28 February 2007
November 30, 2006
Public Islamic Balanced Fund (“PIBF”)
Declaration of distribution for the financial year ending 30 November 2006
We are pleased to inform that we will be declaring a Gross Distribution of 1.25 sen per unit to unitholders of PIBF who remain in the Register as at close of business on 30 November 2006.
Kindly take note of the following:
- The net distribution and tax credit per unit will only be determined once our auditors, Ernst & Young, have finalised the accounts. Unitholders will be notified of the net distribution and tax credit through the Tax Voucher.
- For unitholders who opt for distribution reinvestment, the reinvestment units will be processed based on the buying price that will be determined at the close of business on 1 December 2006.
- The Tax Voucher (including the distribution cheque), Annual Statement and Annual Report will be despatched to unitholders by 31 January 2007
November 23, 2006
The Public Islamic Enhanced Bond Fund (PIEBF) is a low-risk Syariah-based bond fund that 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 Syariah requirements.
Between 70% and 85% of the fund’s NAV will be invested in Islamic debt securities with the aim of producing a steady and recurring stream of income to investors. The fund’s equity exposure of up to 20% of its NAV can be fully invested in Syariahcompliant equities in selected foreign markets to produce enhanced returns to supplement that of the bond portfolio. Suitable for investors with conservative to moderate risk-reward temperament seeking stability of annual income and modest capital growth potential.
PIEBF provides the usual benefits of steady income stream and low volatility risks of a bond fund. In addition, the fund provides the investors with the additional benefit of participating in the upside potential of the Syariah-compliant equity market due to its equity exposure.
PIEBF is essentially a low risk bond fund. Given that PIEBF’s risk tolerance is lower than that of equity or even balanced equity funds, the equity investments adopted by the fund would generally include stocks with defensive profiles. Nevertheless, to mitigate the volatility or risks, the fund’s investments in equities are capped at 20% of the fund’s NAV.
While the fund can invest up to 20% of its NAV in selected foreign markets, the fund’s investments in foreign markets will be monitored to ensure that the potential returns are commensurate with the risks incurred as a result of investing abroad. To mitigate risks arising from factors which include foreign currency exposure and foreign interest rate movements, the fund may employ hedging strategies to manage the risks posed to the fund.
The Public Far-East Dividend Fund (PFEDF) is a moderate-risk equity income fund that seeks 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.
PFEDF is actively managed to achieve its goal of providing income by investing in a
diversified portfolio of stocks in domestic and selected regional markets that offer or have the potential to offer attractive dividend yields. In terms of stock selection, the fund essentially focuses on investing in companies that have demonstrated consistency in rewarding their shareholders via strong dividend pay outs. The fund may also invest in fixed income securities to generate additional returns.
Up to 70% of the fund’s NAV can be invested in selected regional markets which include South Korea, China, Taiwan, Hong Kong, Philippines, Indonesia, Singapore, Thailand and other approved markets. Equity exposure is generally in the range from 75% to 90% of its NAV. Suitable for investors with moderate risk-reward temperament with preference for receiving income while capital growth is secondary.
The fund has an issue price of RM0.25 a unit, and 1% FREE UNITS will be given away during the initial offer period of 28 November 2006 to 18 December 2006.
Public Mutual have obtained approval from the Securities
Commission for the increase of fund size for Public Global Select Fund (PGSF) from
1.5 billion units to 3.0 billion units
