Public Growth Fund (PGF): September 2008 Review

Public Growth Fund

Fund objective:
To achieve long-term capital appreciation with income considered incidental.

Investor's Risk Profile:
Moderate

Lipper Leaders Rating:
4 for Consistent Return
3 for Preservation
4 for Total Return

Morningstar Rating: 4 STAR
Morningstar Category: Malaysia Equity

Financial Year End: 31 July

Approved Fund Size: 4.5 billion units

Current Fund Size:
NAV: RM 557.13 million
Units: 1,345.33 million

Public Growth Fund (PGF) posted a -14.39% compared to the benchmark KLCI's -18.34% in the 6 months ending 30 September 2008. Since launched on 11th December 1984, PGF has consistently outperformed the benchmark KLCI.

The Top 5 Sectors where the PGF is invested is in:

1) Financial (34.55%)
2) Utilities (16.50%)
3) Diversified (10.41%)
4) Industrial (8.74%)
5) Consumer, Non-Cyclical (3.37%)

Top 5 Holdings

1) Public Bank (10.25% of NAV)
2) Tenaga Nasional Berhad (7.28%)
3) Boustead Holdings Berhad (5.05%)
4) Sarawak Energy Berhad (4.92%)
5) Datang International Power Generation Company Limited - H Shares (4.29%)

Asset Allocation by Country for Equities & Derivatives

1) Malaysia (79.83%)
2) China (13.25%)
3) Singapore (2.79%)
4) Taiwan (1.64%)
5) USA (1.11%)
6) Japan (0.99%)
7) Korea (0.39%)