Public Savings Fund: 3rd Quarter 08 Review

Public Savings Fund

Fund objective:
To achieve long-term capital appreciation while at the same time producing a reasonable level of income.

Investor's Risk Profile:
Moderate

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

Morningstar Rating: 4 STAR
Morningstar Category: Malaysia Equity

Financial Year End: 31 December

Approved Fund Size: 1.5 billion units

Current Fund Size:
NAV: RM 409.14 million
Units: 656.29 million

Public Savings Fund (PSF) posted a -9.43% compared to the benchmark KLCI's -18.34% in the 6 months ending 30 September 2008. Since launched on 29th March 1981, PSF has always outperformed the benchmark KLCI.

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

1) Financial (31.18%)
2) Utilities (9.29%)
3) Communications (6.96%)
4) Industrial (6.53%)
5) Consumer, Cyclical (6.48%)

Top 5 Holdings

1) Public Bank (10.42% of NAV)
2) Bumiputra Commerce Holdings Berhad- 28/11/2008 (6.07%)
3) Tenaga Nasional Berhad (5.11%)
4) Malakoff Corporation Berhad- 30/10/2008 (4.87%)
5) Digi.Com Berhad (4.09%)

Asset Allocation by Country for Equities & Derivatives

1) Malaysia (95.24%)
2) China (4.04%)
3) Singapore (0.72%)