Public Shariah MFR November 2017

November
2017
For funds distributed by UTCs
FBM KLCI Eased Amid a Lack of Fresh Leads
 Commencing at 1,748 points at end-October, the FBM KLCI trended lower due to profit-taking activities and a lack of fresh catalysts. The Index
subsequently closed at 1,718 points for the month of November to register a decline of 1.7%.
 Regional markets generally trended lower, weighed by losses in the Chinese markets as well as the rotation out of technology stocks.
 On Wall Street, the Dow Jones Industrial Average (DJIA) continued to touch record highs on the back of robust corporate earnings and the
progress of the tax reform bill.
Comparison of Stock Markets’ Performances Stock Market Commentary
• In North Asia, both the Shanghai and Taiwan markets declined by

As at Performance (%) 2.2% in November. In South-East Asia, the Thailand and Philippine
Index 30 November markets fell by 1.4% and 1.3% respectively for the month.
2017 Oct’17 Nov’17 YTD*
• On Wall Street, the DJIA continued to touch record highs on the back
of robust corporate earnings and the progress of the tax reform bill.
South-East Asia The DJIA closed 3.8% higher at 24,272 points for the month of
November.
Philippines 8,254^ +2.4 -1.3 +20.7
• Meanwhile, the technology-heavy Nasdaq rose by 2.2% to close at
Singapore 3,434 +4.8 +1.8 +19.2 6,874 points over the same period.
Stock Market Chart

Indonesia 5,952 +1.8 -0.9 +12.4
Thailand 1,697 +2.9 -1.4 +10.0
Malaysia 1,718 -0.4 -1.7 +4.6
North Asia
Hong Kong 29,177 +2.5 +3.3 +32.6
South Korea 2,476 +5.4 -1.9 +22.2
HS China Enterprises 11,476 +5.5 -0.3 +22.1
TOPIX 1,792 +5.4 +1.5 +18.0
Taiwan 10,560 +3.9 -2.2 +14.1
Shanghai Composite 3,317 +1.3 -2.2 +6.9
Tracking the FBM KLCI: 1 January 2013 to 30 November 2017

U.S., Europe & Others 1< 2< 3< 4<
FBM KLCI FBM KLCI touches FBM KLCI retreats on FBM KLCI retraces
rebounds after the a new record concerns of the in tandem with the
Nasdaq 6,874 +3.6 +2.2 +27.7 Fed maintains its intraday high of impact of softening oil sell-down in global
monthly bond- 1,896 points on prices on the and regional
buying program. 8 July 2014. Malaysian economy. markets.
Dow Jones 24,272 +4.3 +3.8 +22.8
5< 6< 7<
FBM KLCI rebounds amid FBM KLCI eases amid FBM KLCI rebounds in tandem
German Dax 13,024 +3.1 -1.6 +13.4 a moderate recovery in oil lacklustre regional markets with firmer regional markets
prices. and the weaker Ringgit. and higher oil prices.
Australia 5,970 +4.0 +1.0 +5.4
FTSE 100 7,327 +1.6 -2.2 +2.6

Source: Bloomberg
^
As at 29 November 2017 * As at 30 November 2017
1
Economic Update Stock Market Outlook
Malaysia • Global: Investors in the U.S. market saw increased hopes for the
• Malaysia’s GDP growth accelerated from 5.8% in 2Q 2017 to a 3-year passage of the tax reform bill after House Republicans passed their
high of 6.2% in 3Q 2017 due to higher investment spending and version of the tax proposal. Meanwhile, President Trump’s nomination
export growth. Growth in investment spending increased to 6.7% from of Jerome Powell as the next Federal Reserve Chairman bodes well
4.1% while export growth gained pace to 11.8% from 9.6% over the for the market, as his assurance of gradual interest rate hikes
same period. represents continuity for the central bank’s monetary policy.
Malaysia’s GDP Growth Breakdown by Aggregate Demand • China: Despite short-term market volatility due to concerns over
Quarterly Annual tighter liquidity conditions by regulators, China’s improving economic
fundamentals will continue to help underpin the country’s growth
(%) YoY
2Q 2017 3Q 2017 2017F
^
2018F
^
momentum. Investment sentiment is expected to be supported by
positive corporate earnings revisions and further investment flows
Private Consumption 7.1 7.2 6.9 6.8 relating to the Stock-Connect programs between the stock markets in
Total Investment 4.1 6.7 7.4 5.0 Mainland China and Hong Kong.
Government Spending 3.3 4.2 2.7 1.3
• Taiwan/Korea: The Taiwanese market is expected to trade range-
Exports 9.6 11.8 8.0 2.3 bound in December as investors await the release of 4Q 2017
Imports 10.7 13.4 9.9 2.5 corporate earnings. The earnings outlook of selected Taiwanese tech
companies will depend on the orders for the iPhone X as well as the
GDP Growth 5.8 6.2 5.2-5.7 5.0-5.5 strength of the Taiwan Dollar. Meanwhile, investor sentiment in the
Korean market remains positive amid robust corporate earnings.
Malaysia’s GDP Growth Breakdown by Sector Looking ahead, the Korean market will remain supported by improving
Quarterly Annual shareholder policies and resilient corporate earnings driven by the
(%) YoY technology sector.
^
2Q 2017 3Q 2017 2017F 2018F^
Regional and Global Markets’ Valuations
Services 6.3 6.6 5.9 5.8
Historic Prospective Discount / Estimated
Manufacturing 6.0 7.0 5.5 5.3 P/E (2) P/E Premium Dividend
(x) (x) (%) Yield (%)
Agriculture 5.9 4.1 5.6 2.4
ASEAN
Mining 0.2 3.1 0.5 0.9
Thailand 12.8 17.0 +32.8 2.7
Construction 8.3 6.1 7.6 7.5
Philippines 16.1 20.1* +24.8 1.5*
GDP Growth 5.8 6.2 5.2-5.7 5.0-5.5
^ Indonesia 14.8 17.4 +17.6 2.1
Source: Department of Statistics Malaysia Economic Report 2017/2018, MOF
Singapore 14.3 15.7 +9.8 3.2
• The inflation rate eased to 3.7% in October from 4.3% in September,
Malaysia 16.4 15.6 -4.9 3.3
driven by a slower increase in transportation costs amid lower fuel
prices. Given that the inflation rate for the first 10 months of 2017 was North Asia
above the Overnight Policy Rate (OPR) of 3.0%, the real OPR has Hong Kong 12.7 13.2 +3.9 3.4
turned negative.
Taiwan 15.3 14.7 -3.9 3.8
• The Ringgit firmed by 3.4% against the United States Dollar (US$) on Korea 11.3 10.7 -5.3 1.6
expectations of a tighter monetary policy amid stronger economic data
Japan 17.5 15.7 -10.3 1.9
to close at RM4.09/US$ for the month of November. On a year-to-date
basis, the Ringgit appreciated by 9.6% against the greenback. China 'H' Shares 10.8 8.7 -19.4 3.5
Global Markets
China
U.S.(1) 17.3(3) 19.8 +14.5 1.9
• Export growth moderated to 6.9% in October from 8.1% in September Eurozone 13.9(3) 15.9 +14.4 3.8
due to slower exports to the U.S. Likewise, import growth softened to
17.2% from 18.7% over the same period. The trade surplus widened Australia 14.6 16.3 +11.6 4.3
to US$38.2 billion in October from US$28.6 billion in September. Source: Bloomberg, 30 November 2017 * As at 29 November 2017
(1)
S&P 500 Index (2) 2007-2016 historical average (3) 1997-2016 historical average
• China’s official manufacturing Purchasing Managers' Index (PMI)
edged down to 51.6 points in October from 52.4 points in September, • South-East Asia: In Indonesia, higher subsidies by the government
weighed by slower new orders and production levels. Meanwhile, the and the mid-2018 regional elections may help provide a boost to
services PMI declined to 54.3 points from 55.4 points over the same consumption. Meanwhile, Thai banks are expected to benefit from
period. improving asset quality as the economy strengthens. In Singapore,
higher growth in the services sector will be supportive of GDP growth
U.S. in 2018. The consumer sector in the Philippines is expected to
continue benefiting from strong domestic demand, spurred by
• The U.S. Institute of Supply Management’s manufacturing PMI increased infrastructure and social spending.
declined to 58.7 points in October from 60.8 points in September amid
lower new orders and production levels. The services PMI edged up • Malaysia: On the local front, sentiment is expected to be underpinned
to 60.1 points in October from 59.8 points in September over the by the recent strong economic data, the strengthening of the Ringgit
same period. as well as the recent rally in oil prices. However, any upside for the
local bourse is also dependent on the momentum of corporate
• The U.S. Personal Consumption Expenditures (PCE) inflation rate earnings and foreign fund flows.
climbed to 1.6% in September from 1.4% in August on the back of
higher food and energy prices. • Bursa Securities registered a net outflow of RM0.1 billion from foreign
funds in November, resulting in a total net outflow of RM1.3 billion in
• New non-farm jobs rebounded to 261,000 in October from 18,000 the August to November period. The inflow in the first 11 months of
jobs added in September. The unemployment rate fell to a 17-year 2017 stood at RM10.1 billion.
low of 4.1% from 4.2% over the same period.
2
Bond Market Review and Outlook
RM billion Net Foreign Fund Flows of Bursa Malaysia
6.0 • The U.S. Treasury (UST) market ended lower in November in tandem
4.4 with the high possibility of a Federal funds rate hike in December and
4.0 2.7
improved prospects of a U.S. tax reform. Yields of 3-year, 5-year and
2.1 10-year UST notes rose by 3 to 16 basis points (bps) to close at
2.0 1.0 1.89%, 2.14% and 2.41% respectively.
0.5 0.3 0.4
0.0 • The Malaysian Government Securities (MGS) benchmark yields
-0.2 -0.2 -0.1 moved lower on the back of the Ringgit’s appreciation and resilient
-2.0 -1.0 -0.8
crude oil prices. Foreign holdings of MGS decreased to RM153.22
billion in October from RM156.71 billion in September. The yields of
-4.0 3-year, 5-year and 10-year MGS fell by 5 to 7 bps to close at 3.40%,
-3.9
3.60% and 3.89% respectively.
-6.0
Nov-16 Feb-17 May-17 Aug-17 Nov-17 • The local corporate bond market was traded moderately in November.
Source: Bursa Malaysia The yields of 3-year, 5-year and 10-year AAA-rated corporate bonds
rose by 6 to 8 bps to close at 4.29%, 4.51% and 4.79% respectively.
• Malaysia’s foreign reserves firmed by 7.3% to reach US$101.5 billion
as at 15 November 2017 compared to US$94.6 billion at end-2016. At • In the AA-rated space, yields of 3-year, 5-year and 10-year bonds
the current level, the reserve position is sufficient to finance 7.5 rose by 1 to 4 bps to close at 4.49%, 4.67% and 5.01% respectively.
months of retained imports and is equivalent to 1.1 times the short-
term external debt. • Looking ahead, market participants will continue to monitor the
potential impact of the monetary policy outlook of the U.S. Federal
• At the FBM KLCI’s closing level of 1,718 points on 30 November Reserve and the European Central Bank (ECB) on global and
2017, the local stock market was trading at a prospective P/E ratio of domestic bond yields. In the domestic bond market, market
15.6x, which was below its 10-year average of 16.4x. Meanwhile, the participants will continue to monitor the timing and quantum of a
local market’s dividend yield was 3.33%. potential OPR hike in 2018.
Monthly Bond Yields

P/E (x) Bursa Securities' P/E Ratio*
October 2017 November 2017 Change*
Tenor / Date
25.0 (%) (%) (bps)
30 Nov' 17:
15.59x
Average: 3 Year Bonds
20.0
16.43x
U.S. Treasury Bond 1.73 1.89 +16
15.0
MGS 3.45 3.40 -5
10.0 'AAA' Corporate Bond 4.23 4.29 +6
'AA' Corporate Bond 4.48 4.49 +1

5.0
07 08 09 10 11 12 13 14 15 16 17 5 Year Bonds
U.S. Treasury Bond 2.02 2.14 +12
MGS 3.67 3.60 -7

% Bursa Securities' Dividend Yield*
'AAA' Corporate Bond 4.43 4.51 +8
8.0
31 Oct' 08:
6.38% 'AA' Corporate Bond 4.66 4.67 +1
6.0
Average: 30 Nov' 17: 10 Year Bonds
3.56% 3.33%
4.0 U.S. Treasury Bond 2.38 2.41 +3
MGS 3.94 3.89 -5

2.0
'AAA' Corporate Bond 4.73 4.79 +6
0.0 'AA' Corporate Bond 4.97 5.01 +4

07 08 09 10 11 12 13 14 15 16 17
* in basis points
* Source: Bloomberg Note: Q = Quarter
The above Market Commentary is prepared based on material

compiled from data considered to be reliable at the time of writing, but
Public Mutual Berhad does not make any representation or warranty,
express or implied, as to its accuracy, completeness or correctness.
No part of this report may be shared, reproduced, distributed,
transmitted, displayed or published in any manner without the written
consent of Public Mutual Berhad. Public Mutual Berhad does not
accept any liability, be it directly, indirectly or consequential losses or
damages that may arise from any reliance based on this report.
3
Funds’ Performance Review
Name of Funds Launch Date Risk Level* Page No.
Equity - Local
Public Ittikal Fund (P ITTIKAL) 10.04.1997 4 5
Public Islamic Equity Fund (PIEF) 28.05.2003 4 6
Public Islamic Opportunities Fund (PIOF) 28.06.2005 5 7
Public Islamic Dividend Fund (PIDF) 14.02.2006 4 8
Public Islamic Sector Select Fund (PISSF) 13.11.2007 4 9
Public Islamic Select Treasures Fund (PISTF) 26.02.2008 5 10
Public Islamic Optimal Growth Fund (PIOGF) 08.04.2008 4 11
Public Islamic Select Enterprises Fund (PISEF) 14.08.2008 4 12
Public Islamic Alpha-40 Growth Fund (PIA40GF) 16.11.2010 4 13
Public Islamic Treasures Growth Fund (PITGF) 19.07.2011 5 14
Public Ittikal Sequel Fund (PITSEQ) 11.10.2011 4 15
Public Islamic Savings Fund (PISVF) 15.12.2011 4 16
Public Islamic Growth & Income Fund (PISGIF) 07.01.2014 4 17
Public Islamic Enterprises Equity Fund (PIENTEF) 18.03.2015 4 18
Public Islamic Advantage Growth Equity Fund (PIAVGEF) 08.09.2015 4 19
Public Islamic Emerging Opportunities Fund (PIEMOF) 30.03.2016 5 20
Equity - Regional
Public Asia Ittikal Fund (PAIF) 22.08.2006 5 21
Public Islamic Asia Dividend Fund (PIADF) 03.04.2007 5 22
Public China Ittikal Fund (PCIF) 20.11.2007 5 23
Public Islamic Asia Leaders Equity Fund (PIALEF) 19.01.2010 5 24
Public Islamic Optimal Equity Fund (PIOEF) 26.07.2016 5 25
Balanced - Local
Public Islamic Growth Balanced Fund (PIGRBF) 07.10.2015 3 26
Mixed Asset - Local

Public Islamic Mixed Asset Fund (PIMXAF) 20.09.2005 4 27
Public Ehsan Mixed Asset Conservative Fund (PESMACF) 25.11.2014 3 28
Public Ehsan Mixed Asset Growth Fund (PESMAGF) 25.11.2014 4 29
Mixed Asset - Regional
Public Islamic Asia Tactical Allocation Fund (PIATAF) 21.08.2007 5 30
Bond / Fixed Income

Public Islamic Bond Fund (PI BOND) 15.08.2001 2 31
Public Islamic Enhanced Bond Fund (PIEBF) 28.11.2006 2 32
Public Islamic Select Bond Fund (PISBF) 10.07.2007 2 33
Public Islamic Income Fund (PI INCOME) 14.08.2008 2 34
Public Islamic Infrastructure Bond Fund (PIINFBF) 16.11.2010 2 35
Public Islamic Strategic Bond Fund (PISTBF) 30.12.2010 2 36
Public Sukuk Fund (PSKF) 19.07.2011 2 37
Money Market
Public Islamic Money Market Fund (PIMMF) 05.06.2007 1 38
Public e-Islamic Cash Deposit Fund (PeICDF) 25.08.2014 1 39
*Risk level is referred as follows: 5 – Very High, 4 – High, 3 – Moderate to High, 2 – Low to Moderate and 1 – Very Low
Please refer to page 40 for page reference index of the respective funds according to alphabetical order and financial year end.
4
PUBLIC ITTIKAL FUND (P ITTIKAL)
(1)
Fund Objective 3-year
Fund Volatility
5.4
To achieve steady capital growth over the medium to long term period by investing in a portfolio of investments that complies with Shariah
principles. low
Lipper Analytics
15 Nov 17
Lipper Leaders (Overall Ratings) : Morningstar Rating TM (Overall) :

2 5 2
Lipper Classification : Equity Malaysia Morningstar Category TM : Equity - Malaysia Large-cap
Consistent (Syariah)
Preservation Total Return
Return
Financial Year End : 31 May Breakdown of Equity Exposure as at 30 November 2017

Distribution Policy : Incidental
Launch Date : 10.04.1997 Top 5 Foreign Countries
Current Fund Size : NAV : RM5,677.26 Million Countries
UNITS : 6,655.24 Million USA 9.62%
China 2.92%
Performance of Public Ittikal Fund vs its Benchmark Index Taiwan 2.71%
Over the Following Periods Ended 30 November 2017 Australia 2.31%
P ITTIKAL Benchmark P ITTIKAL Benchmark Korea 1.06%
(%) (%) (%) (%)
Total Total Annualised Annualised
Return Return Return Return Top 5 Sectors
1-year 6.30 8.56 6.30 8.56 Sectors
3-year 3.88 -0.89 1.27 -0.30 Consumer, Non-cyclical 23.90%
5-year 32.65 17.91 5.81 3.35 Communications 22.63%
10-year 47.24 28.71 3.94 2.55 Utilities 10.70%
20-year 484.08 202.73 9.22 5.69 Energy 8.40%
Since commencement 404.99 68.55 8.19 2.57 Industrial 6.63%
Performances of P ITTIKAL and Benchmark Index

(Since Fund Commencement* to 30 November 2017) Top 5 Holdings
450% Security Name

Tenaga Nasional Berhad
P ITTIKAL Benchmark
Petronas Chemicals Group Berhad
300% Telekom Malaysia Berhad
IHH Healthcare Berhad
Total Returns
Axiata Group Berhad

150%
Distribution History
0%
Financial Distribution Distribution (2) Declaration Distribution Annualised
Year Type (Sen) Date Yield (%) Yield (%)
-150% Interim 10.00 30.11.07 9.0

May-97 Jun-02 Aug-07 Sep-12 Nov-17 2008 14.6
Final 5.00 30.5.08 5.1
Benchmark: 2009 Final 6.00 29.5.09 7.7 7.7
Kuala Lumpur Syariah Index (prior to 1 November 2007). 2010 Final 8.00 31.5.10 10.1 10.1
FTSE Bursa Malaysia EMAS Shariah Index (w.e.f. 1 November 2007). 2011 Final 8.00 31.5.11 8.8 8.8
Underlying index data are sourced from Lipper. 2012 Final 5.25 31.5.12 6.5 6.5
2013 Final 5.00 31.5.13 5.5 5.5
* Commencement Date - 9 May 1997 2014 Final 6.65 30.5.14 7.3 7.3
2015 Final 6.00 29.5.15 6.9 6.9
Asset Allocation as at 30 November 2017 2016 Final 3.50 31.5.16 4.3 4.3
Asset Type 2017 Final 3.00 31.5.17 3.6 3.6
Shariah-compliant Equities & Related Securities - Domestic 76.24% Note: Distribution yield simply measures the level of distributions and is not a measure
Shariah-compliant Equities & Related Securities - Foreign 19.32% of fund performance.
Islamic Money Market Instruments & Others 4.44%
Total 100.00%
Annual Returns for Calendar Years Ended 31 December

Calendar Year 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
(2)
Fund Return (%) 38.57 -35.67 37.31 14.10 -0.78 12.68 13.02 5.67 1.54 -2.06
Benchmark (%) 43.69 -43.52 43.03 18.20 2.41 11.85 13.29 -4.17 2.35 -6.14
Notes :
(1)
Based on the fund's portfolio returns as at 15 November 2017, the Volatility Factor (VF) for this fund is 5.4 and is classified as "Low" (source : Lipper).
(2)
Fund performance and distributions payable (if any) may go down as well as up. Past performance and distributions of the fund is not indicative of future performance and distributions.
5
PUBLIC ISLAMIC EQUITY FUND (PIEF)
Fund Objective 3-year (1)
Fund Volatility
To achieve capital growth through a diverse selection of growth stocks that complies with Shariah principles.
6.2 low
Lipper Analytics
15 Nov 17

4 5 3
Return

UNITS : 7,357.86 Million USA 10.27%
China 2.91%
Performance of Public Islamic Equity Fund vs its Benchmark Index Taiwan 2.47%
Over the Following Periods Ended 30 November 2017 Thailand 1.93%
PIEF Benchmark PIEF Benchmark Indonesia 0.98%
(%) (%) (%) (%)
1-year 9.48 8.56 9.48 8.56 Sectors
3-year 8.18 -0.89 2.65 -0.30 Communications 24.31%
5-year 30.41 17.91 5.45 3.35 Consumer, Non-cyclical 19.74%
10-year 60.82 28.71 4.86 2.55 Industrial 12.64%
Since commencement 267.99 164.78 9.42 6.96 Utilities 10.61%
Energy 7.69%
Performances of PIEF and Benchmark Index
(Since Fund Commencement* to 30 November 2017)
320% Top 5 Holdings
Security Name
PIEF Benchmark
240%
160% Axiata Group Berhad
Total Returns
Telekom Malaysia Berhad
80%
0%
-80% Interim 5.00 30.11.07 13.3
Jun-03 Jan-07 Sep-10 Apr-14 Nov-17 2008 18.4
Final 1.50 30.5.08 4.6
Benchmark: 2009 Final 1.75 29.5.09 6.4 6.4
FTSE Bursa Malaysia EMAS Shariah Index (w.e.f. 1 November 2007). 2011 Final 2.00 31.5.11 5.9 5.9
Underlying index data are sourced from Lipper. 2012 Final 2.00 31.5.12 6.1 6.1
2013 Final 2.00 31.5.13 5.6 5.6
* Commencement Date - 17 June 2003 2014 Final 2.50 30.5.14 6.9 6.9
2015 Final 2.65 29.5.15 7.8 7.8
Asset Allocation as at 30 November 2017 2016 Final 1.25 31.5.16 3.9 3.9
Asset Type 2017 Final 1.00 31.5.17 3.0 3.0
Shariah-compliant Equities & Related Securities - Domestic 75.70% Note: Distribution yield simply measures the level of distributions and is not a measure
Shariah-compliant Equities & Related Securities - Foreign 20.02% of fund performance.
Total 100.00%

Calendar Year 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
(2)
Fund Return (%) 42.26 -34.79 33.84 17.53 4.13 15.26 11.94 0.09 4.44 -2.83
Benchmark (%) 43.69 -43.52 43.03 18.20 2.41 11.85 13.29 -4.17 2.35 -6.14
Notes :
(1)
(2)
6
PUBLIC ISLAMIC OPPORTUNITIES FUND (PIOF)
(1)
Fund Volatility
To achieve capital growth through investments in companies with small market capitalisation which comply with Shariah principles.
8.0
moderate
Lipper Analytics
15 Nov 17

4 5 4
Lipper Classification : Equity Malaysia Morningstar Category TM : Equity - Malaysia Mid/Small-cap
Small & Mid Cap Consistent (Syariah)
Return
Financial Year End : 31 July Breakdown of Equity Exposure as at 30 November 2017

Launch Date : 28.06.2005 Foreign Country
Current Fund Size : NAV : RM1,001.01 Million Country
UNITS : 2,195.03 Million Singapore 3.65%
Performance of Public Islamic Opportunities Fund vs its Benchmark

Index Over the Following Periods Ended 30 November 2017 Top 5 Sectors
PIOF Benchmark PIOF Benchmark Sectors
(%) (%) (%) (%) Industrial 36.44%
Total Total Annualised Annualised Communications 13.45%
Return Return Return Return Consumer, Non-cyclical 12.28%
1-year 18.69 13.37 18.69 13.37 Technology 9.43%
3-year 29.25 0.002 8.90 0.001 Financial 9.37%
5-year 77.81 45.02 12.19 7.71
10-year 139.58 58.29 9.12 4.70
Since commencement 340.66 159.15 12.71 7.99 Top 5 Holdings
Security Name
Performances of PIOF and Benchmark Index MY E.G. Services Berhad
(Since Fund Commencement* to 30 November 2017) V.S. Industry Berhad
420%
Inari Amertron Berhad
PIOF Benchmark Uchi Technologies Berhad
350% SKP Resources Berhad
280%
Total Returns
210% Distribution History

(2)
140% Financial Distribution Distribution
Declaration Date
Year (Sen) Yield (%)
70% 2008 4.00 31.7.08 14.2
2009 2.00 31.7.09 7.1
0%
2010 2.50 30.7.10 7.7
-70% 2011 3.00 29.7.11 9.3
Jul-05 Aug-08 Sep-11 Oct-14 Nov-17
2012 2.25 31.7.12 6.9
Benchmark:
2013 2.50 31.7.13 6.7
Kuala Lumpur Syariah Index (prior to 1 November 2007).
2014 3.00 31.7.14 7.6
FTSE Bursa Malaysia EMAS Shariah Index (1 November 2007 to 29 April 2013).
2015 2.50 31.7.15 6.4
FTSE Bursa Malaysia Small Cap Shariah Index (w.e.f. 30 April 2013).
2017 1.00 31.7.17 2.3
Underlying index data are sourced from Lipper.
Note: Distribution yield simply measures the level of distributions and is not
a measure of fund performance.
* Commencement Date - 12 July 2005
Asset Allocation as at 30 November 2017

Asset Type
Shariah-compliant Equities & Related Securities - Domestic 86.07%
Shariah-compliant Equities & Related Securities - Foreign 3.65%
Islamic Debt Securities 2.05%
Total 100.00%

Calendar Year 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
(2)
Fund Return (%) 51.19 -35.08 53.07 18.46 -4.47 16.92 28.36 3.20 18.70 -7.05
Benchmark (%) 43.69 -43.52 43.03 18.20 2.41 11.85 32.94 -5.29 9.51 -9.42
Notes :
(1)
Based on the fund's portfolio returns as at 15 November 2017, the Volatility Factor (VF) for this fund is 8.0 and is classified as "Moderate" (source : Lipper).
(2)
7
PUBLIC ISLAMIC DIVIDEND FUND (PIDF)
Fund Volatility
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. 5.7 low
Lipper Analytics
15 Nov 17

3 5 2
Lipper Classification : Equity Malaysia Morningstar Category TM : Equity - Malaysia Income
Income Consistent
Return
Financial Year End : 30 April Breakdown of Equity Exposure as at 30 November 2017

Distribution Policy : Semi-annual (on a best effort basis subject to availability
of realised income and/or realised gains). Top 5 Foreign Countries
Launch Date : 14.02.2006 Countries
Current Fund Size : NAV : RM4,937.43 Million USA 11.17%
UNITS : 13,540.84 Million Taiwan 2.57%
China 1.34%
Performance of Public Islamic Dividend Fund vs its Benchmark Index Thailand 1.20%
Over the Following Periods Ended 30 November 2017 Indonesia 0.90%
PIDF Benchmark PIDF Benchmark
(%) (%) (%) (%)
Total Total Annualised Annualised Top 5 Sectors
Return Return Return Return Sectors
5-year 25.78 18.21 4.69 3.40 Industrial 15.10%
10-year 75.27 27.68 5.77 2.47 Utilities 10.22%
Since commencement 172.17 110.41 8.90 6.54 Energy 8.07%
Performances of PIDF and Benchmark Index

200% Security Name
PIDF Benchmark Tenaga Nasional Berhad
Total Returns

50%
-50%
Mar-06 Feb-09 Jan-12 Dec-14 Nov-17 2008 Final 2.00 30.4.08 6.5 6.5
Benchmark: 2009 Final 1.25 30.4.09 4.9 4.9
FTSE Bursa Malaysia EMAS Shariah Index (1 November 2007 to 29 April 2010), 2011 Final 2.00 29.4.11 5.9 5.9
90% FTSE Bursa Malaysia EMAS Shariah Index and 10% 3-Month Islamic Interbank 2012 Final 2.00 30.4.12 5.7 5.7
Money Market (IIMM) rate (w.e.f. 30 April 2010). 2013 Final 2.00 30.4.13 5.4 5.4
Underlying index data are sourced from Lipper and Bank Negara Malaysia. 2014 Final 3.00 30.4.14 7.8 7.8
Interim 1.00 31.10.14 2.6
2015 5.4
* Commencement Date - 6 March 2006 Final 1.00 30.4.15 2.7
Interim 0.50 30.10.15 1.4
2016 2.8
Asset Allocation as at 30 November 2017 Final 0.50 29.4.16 1.4
Asset Type Interim 0.50 31.10.16 1.4
2017 2.8
Shariah-compliant Equities & Related Securities - Domestic 75.76% Final 0.50 28.4.17 1.4
Shariah-compliant Equities & Related Securities - Foreign 19.49% 2018 Interim 0.50 31.10.17 1.4 -
Islamic Debt Securities 0.49% Note: Distribution yield simply measures the level of distributions and is not a measure
Islamic Money Market Instruments & Others 4.26% of fund performance.
Total 100.00%

Calendar Year 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Fund Return (2) (%) 36.98 -30.19 33.99 18.78 9.20 15.62 10.84 0.06 3.60 -1.62
Benchmark (%) 43.69 -43.52 43.03 17.15 2.55 10.98 12.28 -3.39 2.54 -5.19
Notes :
(1)
(2)
8
PUBLIC ISLAMIC SECTOR SELECT FUND (PISSF)
Fund Objective
3-year (1)
To seek long-term capital appreciation by investing in a portfolio of securities, mainly equities, that complies with Shariah requirements from market Fund Volatility
sectors in the domestic market. 6.4

moderate
Lipper Analytics
15 Nov 17

1 4 2
Return
Financial Year End : 30 November Breakdown of Equity Exposure as at 30 November 2017

Distribution Policy
: Incidental
Launch Date : 13.11.2007 Top 5 Sectors
Current Fund Size : NAV : RM1,591.75 Million Sectors
UNITS : 6,080.99 Million Consumer, Non-cyclical 25.56%
Communications 21.50%
Performance of Public Islamic Sector Select Fund vs its Benchmark Energy 15.58%
Index Over the Following Periods Ended 30 November 2017 Industrial 15.08%
PISSF FBMS Index PISSF FBMS Index Utilities 10.93%
(%) (%) (%) (%)
Return Return Return Return Top 5 Holdings
1-year 4.01 8.56 4.01 8.56 Security Name
3-year -2.14 -0.89 -0.72 -0.30 Tenaga Nasional Berhad
5-year 18.84 17.91 3.51 3.35 IHH Healthcare Berhad
Since commencement 62.59 26.33 4.98 2.36 Dialog Group Berhad
Axiata Group Berhad
Performances of PISSF and FTSE Bursa Malaysia EMAS Shariah DiGi.Com Berhad
(FBMS) Index (Since Fund Commencement* to 30 November 2017)
90%
PISSF FBMS Index
Financial Distribution (2) Distribution
60% Declaration Date
2009 0.50 30.11.09 2.2

30%
2010 1.00 30.11.10 3.5
Total Returns
2011 2.00 30.11.11 7.2

0% 2012 2.00 30.11.12 7.1
2013 3.50 29.11.13 11.9
2014 2.75 28.11.14 10.2
-30%
2015 1.00 30.11.15 3.8
-60% a measure of fund performance.
Dec-07 Jun-10 Nov-12 May-15 Nov-17
Benchmark:
Index data are sourced from Lipper.
* Commencement Date - 3 December 2007

Asset Type
Total 100.00%

Calendar Year 2008 2009 2010 2011 2012 2013 2014 2015 2016
Fund Return (2) (%) -31.82 36.63 30.64 7.19 8.05 14.63 -1.63 1.71 -4.45
Benchmark (%) -43.52 43.03 18.20 2.41 11.85 13.29 -4.17 2.35 -6.14
Notes :
(1)
(2)
9
PUBLIC ISLAMIC SELECT TREASURES FUND (PISTF)
Fund Volatility
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. 8.5
high
Lipper Analytics
15 Nov 17

4 5 3
Return

UNITS : 3,127.23 Million Industrial 24.77%
Consumer, Non-cyclical 18.68%
Performance of Public Islamic Select Treasures Fund vs its Benchmark Financial 12.97%
Index Over the Following Periods Ended 30 November 2017 Communications 10.07%
PISTF Benchmark PISTF Benchmark Technology 8.20%
(%) (%) (%) (%)
3-year 24.44 20.25 7.54 6.32 TIME dotCom Berhad
5-year 50.02 74.37 8.45 11.76 Inari Amertron Berhad
Since commencement 110.71 127.94 7.98 8.85 KPJ Healthcare Berhad
Syarikat Takaful Malaysia Berhad
Performances of PISTF and Benchmark Index Lingkaran Trans Kota Holdings Berhad
160%
PISTF Benchmark Distribution History
120% (2)
Financial Distribution Distribution
Declaration Date
80% 2010 1.25 31.5.10 4.9

Total Returns
2011 1.50 31.5.11 4.9

40% 2012 1.50 31.5.12 5.1
2013 2.00 31.5.13 5.7
0% 2014 2.50 30.5.14 7.6
2015 2.00 29.5.15 6.2
-40% 2016 1.00 31.5.16 3.1
Mar-08 Aug-10 Jan-13 Jun-15 Nov-17
2017 1.50 31.5.17 4.4
Benchmark:
FTSE Bursa Malaysia EMAS Shariah Index (prior to 30 April 2013).
FTSE Bursa Malaysia Small Cap Shariah Index (30 April 2013 to 29 April 2015).
Customised index by FTSE based on the constituents with market capitalisation below
RM6.0 billion within the FTSE Bursa Malaysia EMAS Shariah Index (w.e.f. 30 April 2015).
Underlying index data are sourced from FTSE International Limited and Lipper.
* Commencement Date - 17 March 2008

Asset Type
Total 100.00%

Calendar Year 2009 2010 2011 2012 2013 2014 2015 2016
Fund Return (2) (%) 31.00 23.99 -0.14 9.78 17.92 -3.26 18.37 -2.67
Benchmark (%) 43.03 18.20 2.41 11.85 32.94 -5.29 15.97 -4.29
Notes :
(1)
Based on the fund's portfolio returns as at 15 November 2017, the Volatility Factor (VF) for this fund is 8.5 and is classified as "High" (source : Lipper).
(2)
10
PUBLIC ISLAMIC OPTIMAL GROWTH FUND (PIOGF)
(1)
Fund Volatility
To provide income and capital growth by investing in Shariah-compliant stocks which offer attractive dividend yields and growth stocks in the
domestic market. 6.2
moderate
Lipper Analytics
15 Nov 17

1 4 1
Return
Financial Year End : 31 January Breakdown of Equity Exposure as at 30 November 2017

Distribution Policy : Annual (on a best effort basis subject to availability
of realised income and/or realised gains). Top 5 Sectors
Launch Date : 08.04.2008 Sectors
Current Fund Size : NAV : RM1,286.68 Million Consumer, Non-cyclical 25.40%
UNITS : 4,584.48 Million Communications 18.17%
Industrial 11.57%
Performance of Public Islamic Optimal Growth Fund vs its Benchmark Utilities 9.53%
Index Over the Following Periods Ended 30 November 2017 Energy 8.47%
PIOGF FBMS Index PIOGF FBMS Index
(%) (%) (%) (%)
Total Total Annualised Annualised Top 5 Holdings
Return Return Return Return Security Name
1-year 5.47 8.56 5.47 8.56 Tenaga Nasional Berhad
3-year 1.07 -0.89 0.36 -0.30 Telekom Malaysia Berhad
5-year 23.24 17.91 4.27 3.35 Petronas Chemicals Group Berhad
Since commencement 62.14 39.65 5.16 3.54 IHH Healthcare Berhad
Axiata Group Berhad
Performances of PIOGF and FTSE Bursa Malaysia EMAS Shariah
PIOGF FBMS Index Financial Distribution (2) Distribution
Declaration Date
48%
2009 0.30 30.1.09 1.6
2010 0.50 29.1.10 2.0
24% 2011 1.25 31.1.11 4.4
Total Returns
2012 1.50 31.1.12 5.3

0% 2013 1.25 31.1.13 4.4
2014 1.50 30.1.14 5.0
2015 1.75 30.1.15 5.7
-24%
2016 1.00 29.1.16 3.5
2017 1.50 31.1.17 5.5
-48%
Apr-08 Sep-10 Feb-13 Jul-15 Nov-17 Note: Distribution yield simply measures the level of distributions and is not
Benchmark:
* Commencement Date - 28 April 2008

Asset Type
Total 100.00%

Calendar Year 2009 2010 2011 2012 2013 2014 2015 2016
Fund Return (2) (%) 34.50 17.70 3.28 11.21 13.71 -0.80 2.94 -3.66
Benchmark (%) 43.03 18.20 2.41 11.85 13.29 -4.17 2.35 -6.14
Notes :
(1)
(2)
11
PUBLIC ISLAMIC SELECT ENTERPRISES FUND (PISEF)
(1)
Fund Volatility
6.2
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. low
Lipper Analytics
15 Nov 17

1 4 1
Return
Financial Year End : 31 July Breakdown of Equity Exposure as at 30 November 2017

Performance of Public Islamic Select Enterprises Fund vs its Benchmark Utilities 9.72%
Index Over the Following Periods Ended 30 November 2017 Energy 9.72%
PISEF FBMS Index PISEF FBMS Index Industrial 9.22%
(%) (%) (%) (%)
3-year -0.27 -0.89 -0.09 -0.30 Tenaga Nasional Berhad
5-year 21.20 17.91 3.92 3.35 Axiata Group Berhad
Since commencement 127.13 72.82 9.28 6.10 Sime Darby Plantation Berhad
Performances of PISEF and FTSE Bursa Malaysia EMAS Shariah Maxis Berhad
180%
PISEF FBMS Index
(2)
Declaration Date
120%
2009 1.25 31.7.09 4.3
2010 1.25 30.7.10 4.1
Total Returns
60% 2011 2.00 29.7.11 5.5

2012 2.00 31.7.12 5.2
2013 2.25 31.7.13 5.5
0%
2014 2.50 31.7.14 6.0
2015 2.25 31.7.15 5.8
2016 1.00 29.7.16 2.7
-60%
Sep-08 Dec-10 Apr-13 Aug-15 Nov-17 2017 1.00 31.7.17 2.7
Benchmark: a measure of fund performance.
* Commencement Date - 3 September 2008

Asset Type
Total 100.00%

Calendar Year 2009 2010 2011 2012 2013 2014 2015 2016
Fund Return (2) (%) 30.66 19.10 11.59 16.66 11.98 0.63 1.95 -4.95
Benchmark (%) 43.03 18.20 2.41 11.85 13.29 -4.17 2.35 -6.14
Notes :
(1)
(2)
12
PUBLIC ISLAMIC ALPHA-40 GROWTH FUND (PIA40GF)
Fund Volatility
To achieve capital growth by investing in stocks which comply with Shariah requirements.
6.6
moderate
Lipper Analytics
15 Nov 17

3 5 3
Return

Current Fund Size : NAV : RM217.12 Million Countries
(Cum Distribution) UNITS : 725.16 Million China 5.88%
USA 5.20%
Performance of Public Islamic Alpha-40 Growth Fund vs its Benchmark Korea 4.90%
Index Over the Following Periods Ended 30 November 2017 Taiwan 2.11%
PIA40GF Benchmark PIA40GF Benchmark Indonesia 0.59%
(%) (%) (%) (%)
1-year 10.64 9.85 10.64 9.85 Sectors
5-year 28.22 26.85 5.09 4.87 Industrial 17.12%
Since commencement 46.24 38.67 5.59 4.79 Consumer, Non-cyclical 14.95%
Technology 9.03%
Performances of PIA40GF and Benchmark Index Utilities 8.69%
60%
PIA40GF Benchmark Top 5 Holdings
Security Name
40% Tenaga Nasional Berhad
Axiata Group Berhad
Total Returns
20% Tencent Holdings Limited

DiGi.Com Berhad
0%
-20%
Declaration Date
Dec-10 Sep-12 Jun-14 Feb-16 Nov-17 Year (Sen) Yield (%)
Benchmark: 2011 0.75 30.11.11 3.0

Benchmark for PIA40GF is a composite of 75% FTSE Bursa Malaysia EMAS Shariah Index, 2012 1.50 30.11.12 5.7
15% customised index by S&P Dow Jones Indices, LLC based on Top 100 constituents 2013 1.25 29.11.13 4.4
by market capitalisation of the S&P Shariah BMI Asia Ex-Japan Index and 10% 3-Month 2014 1.25 28.11.14 4.5
Islamic Interbank Money Market (IIMM) rate. 2015 0.50 30.11.15 1.8
Underlying index data are sourced from S&P Dow Jones Indices, LLC, Lipper and Bank 2016 0.25 30.11.16 0.9
Negara Malaysia and expressed in Ringgit terms. 2017 0.50 30.11.17 1.7

Asset Type
Total 100.00%

Calendar Year 2011 2012 2013 2014 2015 2016
(2)
Fund Return (%) 5.81 13.04 12.34 -2.01 4.94 -3.92
Benchmark (%) 0.96 11.52 11.69 -1.37 4.26 -3.07
Notes :
(1)
(2)
13
PUBLIC ISLAMIC TREASURES GROWTH FUND (PITGF)
Fund Objective (1)
3-year
Fund Volatility
To achieve capital growth over the medium to long-term period by investing primarily in small and medium sized companies, which comply with
Shariah principles. 8.3high
Lipper Analytics
15 Nov 17

2 4 1
Return
Financial Year End : 31 August Breakdown of Equity Exposure as at 30 November 2017

Current Fund Size : NAV : RM565.62 Million Sectors
Financial 17.74%
Performance of Public Islamic Treasures Growth Fund vs its Benchmark Industrial 16.82%
Index Over the Following Periods Ended 30 November 2017 Communications 14.00%
PITGF Benchmark PITGF Benchmark Technology 7.13%
(%) (%) (%) (%)
3-year 12.93 19.54 4.12 6.11 MY E.G. Services Berhad
5-year 33.91 68.46 6.01 10.99 Inari Amertron Berhad
Since commencement 57.89 86.32 7.50 10.35 Dutch Lady Milk Industries Berhad
V.S. Industry Berhad
Performances of PITGF and Benchmark Index Top Glove Corporation Berhad
120%
PITGF Benchmark Distribution History

(2)
80% Financial Distribution Distribution
Declaration Date
2012 1.50 30.8.12 5.2

Total Returns
40%
2013 2.00 30.8.13 6.5
2014 2.50 29.8.14 7.9
0% 2015 1.50 28.8.15 5.7
2017 0.50 30.8.17 1.7
-40% Note: Distribution yield simply measures the level of distributions and is not
Aug-11 Mar-13 Oct-14 May-16 Nov-17 a measure of fund performance.
Benchmark:
Benchmark for PITGF is a composite of 90% FTSE Bursa Malaysia EMAS Shariah
Index (prior to 30 April 2013), 90% FTSE Bursa Malaysia Small Cap Shariah Index
(FBMSSC) (30 April 2013 to 29 April 2015), 90% customised index by FTSE based
on the constituents with market capitalisation below RM6.0 billion within the FTSE
Bursa Malaysia EMAS Shariah Index (w.e.f. 30 April 2015) and 10% 3-Month Islamic
Interbank Money Market (IIMM) rate.
Underlying index data are sourced from FTSE International Limited, Lipper and Bank
Negara Malaysia.
* Commencement Date - 8 August 2011

Asset Type
Total 100.00%

Calendar Year 2012 2013 2014 2015 2016
(2)
Fund Return (%) 16.58 22.50 -10.04 11.34 -6.62
Benchmark (%) 10.98 29.78 -4.35 14.78 -3.50
Notes :
(1)
(2)
14
PUBLIC ITTIKAL SEQUEL FUND (PITSEQ)
(1)
Fund Volatility
To achieve capital growth over the medium to long term period by investing in a portfolio of investments that complies with Shariah principles.
6.3 low
Lipper Analytics
15 Nov 17

Lipper Classification : Equity Malaysia 3 5 4 Morningstar Category TM : Equity - Malaysia Large-cap
Return

(Cum Distribution) UNITS : 10,227.19 Million China 7.09%
USA 2.89%
Performance of Public Ittikal Sequel Fund vs its Benchmark Index Taiwan 2.14%
Over the Following Periods Ended 30 November 2017 Singapore 1.04%
PITSEQ FBMS Index PITSEQ FBMS Index Indonesia 0.71%
(%) (%) (%) (%)
1-year 8.27 8.56 8.27 8.56 Sectors
Financial 9.00%
Performances of PITSEQ and FTSE Bursa Malaysia EMAS Shariah Utilities 8.96%
48%60%
PITSEQ FBMS Index
PITSEQ FBMS Index Top 5 Holdings
Security Name
36%
40% Tenaga Nasional Berhad
Axiata Group Berhad
24%
Dialog Group Berhad
Total Returns

12% DiGi.Com Berhad
0%
0%
(2)
Declaration Date
-12%
-20% Year (Sen) Yield (%)
Oct-11
Oct-11 Aug-12May-13 Jun-13 Nov-14 Apr-14 Jan-15
May-16 Nov-17
2012 1.25 30.11.12 4.7
Benchmark: 2013 1.75 29.11.13 6.0
Index data are sourced from Lipper. 2014 1.75 28.11.14 6.1
2015 0.50 30.11.15 1.7
* Commencement Date - 31 October 2011 2016 0.50 30.11.16 1.7
2017 0.50 30.11.17 1.7
Asset Type a measure of fund performance.
Total 100.00%

Calendar Year 2012 2013 2014 2015 2016
Fund Return (2) (%) 12.17 16.61 2.65 7.40 -4.94
Benchmark (%) 11.85 13.29 -4.17 2.35 -6.14
Notes :
(1)
(2)
15
PUBLIC ISLAMIC SAVINGS FUND (PISVF)
(1)
Fund Volatility
6.2
To provide income over the medium to long-term period by investing in a portfolio of investments that complies with Shariah requirements and which
offer or have the potential to offer attractive dividend yields. moderate
Lipper Analytics
15 Nov 17

3 5 3
Lipper Classification : Equity Malaysia Morningstar Category TM : Equity - Malaysia Income
Income Consistent
Return
Financial Year End : 31 December Breakdown of Equity Exposure as at 30 November 2017

Distribution Policy : Semi-annual (on a best effort basis subject to availability
Current Fund Size : NAV : RM155.76 Million USA 11.19%
UNITS : 504.61 Million Taiwan 4.59%
Singapore 2.27%
Performance of Public Islamic Savings Fund vs its Benchmark Index Thailand 2.04%
Over the Following Periods Ended 30 November 2017 Korea 1.81%
PISVF Benchmark PISVF Benchmark
(%) (%) (%) (%)
5-year 34.22 18.21 6.06 3.40 Industrial 17.18%
Since commencement 45.01 25.37 6.47 3.89 Technology 13.00%
Utilities 8.74%
Performances of PISVF and Benchmark Index
Top 5 Holdings
50%
Security Name
PISVF Benchmark
40%
30%
Axiata Group Berhad
Total Returns
20% Inari Amertron Berhad
10%
0% Financial Distribution Distribution (2) Declaration Distribution Annualised
-10% 2012 Final 1.00 31.12.12 3.7 3.7
Dec-11 Jun-13 Dec-14 Jun-16 Nov-17
2013 Final 0.75 31.12.13 2.5 2.5
Benchmark: Interim 0.50 30.6.14 1.7
2014 3.4
Benchmark for PISVF is a composite of 90% FTSE Bursa Malaysia EMAS Shariah Final 0.50 31.12.14 1.7
Index and 10% 3-Month Islamic Interbank Money Market (IIMM) rate. Interim 0.50 30.6.15 1.7
2015 3.4
Underlying index data are sourced from Lipper and Bank Negara Malaysia. Final 0.50 31.12.15 1.7
Interim 0.25 30.6.16 0.9
2016 2.3
* Commencement Date - 30 December 2011 Final 0.40 30.12.16 1.4
2017 Interim 0.25 30.6.17 0.8 -
Asset Allocation as at 30 November 2017 Note: Distribution yield simply measures the level of distributions and is not a measure
Asset Type of fund performance.
Total 100.00%

Calendar Year 2012 2013 2014 2015 2016
Fund Return (2) (%) 12.08 13.09 0.16 6.40 -3.33
Benchmark (%) 10.98 12.28 -3.39 2.54 -5.19
Notes :
(1)
(2)
16
PUBLIC ISLAMIC GROWTH & INCOME FUND (PISGIF)
(1)
Fund Volatility
To seek capital growth and income by investing in a portfolio of Shariah-compliant growth and dividend stocks.
6.2
moderate
Lipper Analytics
15 Nov 17

2 4 2
Income Consistent (Syariah)
Return
Financial Year End : 31 December Breakdown of Equity Exposure as at 30 November 2017

Current Fund Size : NAV : RM214.60 Million China 4.26%
UNITS : 874.75 Million Singapore 2.85%
Thailand 2.85%
Performance of Public Islamic Growth & Income Fund vs its Benchmark USA 2.34%
Index Over the Following Periods Ended 30 November 2017 Taiwan 2.15%
PISGIF FBMS Index PISGIF FBMS Index
(%) (%) (%) (%)
Energy 9.61%
Performances of PISGIF and FTSE Bursa Malaysia EMAS Shariah Utilities 7.14%
16%
Top 5 Holdings
PISGIF FBMS Index
Security Name
Axiata Group Berhad
8%
DiGi.Com Berhad
Total Returns

0%
Maxis Berhad
-8%
(2)
Declaration Date
Jan-14 Jan-15 Dec-15 Dec-16 Nov-17
2014 0.50 31.12.14 2.0
Benchmark: 2015 0.50 31.12.15 2.1
Index data are sourced from Lipper. 2016 0.25 30.12.16 1.1
* Commencement Date - 27 January 2014 a measure of fund performance.

Asset Type
Total 100.00%

Calendar Year 2015 2016
(2)
Fund Return (%) 2.48 -4.41
Benchmark (%) 2.35 -6.14
Notes :
(1)
(2)
17
PUBLIC ISLAMIC ENTERPRISES EQUITY FUND (PIENTEF)
Fund Objective
To achieve capital growth over the medium to long-term period by investing in a portfolio of investments that complies with Shariah requirements.
Financial Year End : 30 September Breakdown of Equity Exposure as at 30 November 2017

Launch Date : 18.03.2015 Foreign Countries
UNITS : 167.91 Million China 6.00%
USA 4.77%
Performance of Public Islamic Enterprises Equity Fund vs its Benchmark Taiwan 2.96%
Index Over the Following Periods Ended 30 November 2017 Korea 2.75%
PIENTEF Benchmark PIENTEF Benchmark
(%) (%) (%) (%)
Since commencement 6.03 -0.99 2.23 -0.37 Industrial 16.76%
Consumer, Non-cyclical 11.94%
Performances of PIENTEF and Benchmark Index Utilities 8.86%
(Since Fund Commencement* to 30 November 2017) Basic Materials 6.95%
8%
PIENTEF Benchmark
Top 5 Holdings
Security Name
Total Returns
Hartalega Holdings Berhad

-8%
Declaration Date
-16%
Apr-15 Dec-15 Aug-16 Apr-17 Nov-17 2017 0.50 29.9.17 2.0
Benchmark for PIENTEF is a composite of 75% FTSE Bursa Malaysia Hijrah Shariah
Index, 15% customised index by S&P Dow Jones Indices, LLC 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.
Underlying index data are sourced from S&P Dow Jones Indices, LLC, Lipper and
Bank Negara Malaysia and expressed in Ringgit terms.

Asset Type
Total 100.00%
Annual Returns for Calendar Year Ended 31 December

Calendar Year 2016
Fund Return (1) (%) -4.28
Benchmark (%) -3.20
Note :
(1)
18
PUBLIC ISLAMIC ADVANTAGE GROWTH EQUITY FUND (PIAVGEF)
Fund Objective
To achieve capital growth over the medium to long-term period by investing in a diversified portfolio of stocks that complies with Shariah requirements.
Financial Year End : 30 September Breakdown of Equity Exposure as at 30 November 2017

UNITS : 79.75 Million Taiwan 1.20%
China 1.07%
Performance of Public Islamic Advantage Growth Equity Fund vs its Korea 1.06%
Benchmark Index Over the Following Periods Ended 30 November 2017 Singapore 0.92%
PIAVGEF FBMHS Index PIAVGEF FBMHS Index
(%) (%) (%) (%)
Performances of PIAVGEF and FTSE Bursa Malaysia Hijrah Shariah Technology 8.26%
(FBMHS) Index (Since Fund Commencement* to 30 November 2017) Consumer, Cyclical 8.01%
20%
PIAVGEF FBMHS Index

Top 5 Holdings
15%
Security Name
Top Glove Corporation Berhad
MY E.G. Services Berhad
10% Dutch Lady Milk Industries Berhad
Total Returns
Fraser & Neave Holdings Berhad

5%
0%
Declaration Date
-5%
Sep-15 Apr-16 Oct-16 May-17 Nov-17 2017 0.50 29.9.17 1.8

Asset Type
Total 100.00%

Calendar Year 2016
(1)
Fund Return (%) -1.23
Benchmark (%) -6.31
Note :
(1)
19
PUBLIC ISLAMIC EMERGING OPPORTUNITIES FUND (PIEMOF)
Fund Objective
To achieve capital growth through investments in Shariah-compliant companies with mid and small market capitalisation.
Financial Year End : 31 January Breakdown of Equity Exposure as at 30 November 2017

Launch Date : 30.03.2016 Foreign Country
Current Fund Size : NAV : RM178.83 Million Country
UNITS : 608.31 Million Korea 1.11%
Performance of Public Islamic Emerging Opportunities Fund vs its

Benchmark Index Over the Following Periods Ended 30 November 2017 Top 5 Sectors
PIEMOF Benchmark PIEMOF Benchmark Sectors
(%) (%) (%) (%) Consumer, Non-cyclical 23.91%
Total Total Annualised Annualised Industrial 21.60%
Return Return Return Return Financial 13.22%
Since commencement 17.60 16.65 10.55 10.00 Consumer, Cyclical 8.12%
Performances of PIEMOF and Benchmark Index

Security Name
24%
V.S. Industry Berhad
PIEMOF Benchmark
18% Padini Holdings Berhad
Dutch Lady Milk Industries Berhad
MY E.G. Services Berhad
12%
Total Returns
6%
0%
-6%
Apr-16 Sep-16 Feb-17 Jul-17 Nov-17
Benchmark:
Benchmark for PIEMOF is a composite of 90% customised index by FTSE based
on the constituents with market capitalisation below RM6.0 billion within the FTSE
Bursa Malaysia EMAS Shariah Index and 10% 3-Month Islamic Interbank Money
Market (IIMM) rate.
Underlying index data are sourced from FTSE International Limited and Bank
Negara Malaysia.

Asset Type
Total 100.00%
20
PUBLIC ASIA ITTIKAL FUND (PAIF)
Fund Objective Fund Award Won 3-year
(1)
Fund Volatility
9.6
To achieve capital growth over the medium to long term period by investing in a - The Edge-Lipper Malaysia Fund Awards 2017:
portfolio of investments in domestic and regional markets that complies with
Shariah requirements.
. Best Equity Asia Pacific - Malaysia Provident, 3 years high
Lipper Analytics
15 Nov 17

4 4 4
Lipper Classification : Equity Asia Pacific Morningstar Category TM : Equity - Asia Pacific
Consistent
Return
Financial Year End : 31 October Breakdown of Equity Exposure as at 30 November 2017

UNITS : 5,904.09 Million China 26.03%
Korea 20.86%
Performance of Public Asia Ittikal Fund vs its Benchmark Index Taiwan 19.14%
Over the Following Periods Ended 30 November 2017 Japan 15.19%
PAIF Benchmark PAIF Benchmark Hong Kong 3.76%
(%) (%) (%) (%)
1-year 20.77 17.65 20.77 17.65 Sectors
5-year 70.40 78.86 11.24 12.32 Technology 23.06%
10-year 69.25 66.01 5.40 5.20 Industrial 20.17%
Since commencement 130.42 132.64 7.72 7.81 Consumer, Non-cyclical 7.21%
Consumer, Cyclical 6.72%
Performances of PAIF and Benchmark Index
160% Top 5 Holdings
PAIF Benchmark Security Name

Taiwan Semiconductor Manufacturing Company Limited
80%
Total Returns
Samsung Electronics Company Limited

Alibaba Group Holding Limited - ADR
40% Sunny Optical Technology (Group) Company Limited
0%
-40% Financial Distribution
(2)
Distribution
Sep-06 Jul-09 Apr-12 Feb-15 Nov-17 Declaration Date
Benchmark:
2009 0.50 30.10.09 1.9
Benchmark for PAIF is a composite of 30% Kuala Lumpur Syariah Index (prior to
2010 1.00 29.10.10 3.8
1 November 2007), 30% FTSE Bursa Malaysia EMAS Shariah Index (1 November
2007 to 29 April 2011), 30% FTSE Bursa Malaysia Hijrah Shariah Index (30 April 2011 1.25 31.10.11 5.1
2011 to 29 April 2013), 15% FTSE Bursa Malaysia Hijrah Shariah Index (w.e.f. 2012 1.00 31.10.12 3.8
30 April 2013), 15% customised index by S&P Dow Jones Indices, LLC based on 2013 0.75 31.10.13 2.8
top 20 constituents by market capitalisation of the S&P BMI Shariah Japan Index 2014 1.00 31.10.14 3.6
(w.e.f. 30 April 2013) and 70% Dow Jones Islamic Market Asia Ex-Japan IndexSM 2015 1.00 30.10.15 3.1
(prior to 1 January 2009), 70% S&P Shariah BMI Asia Ex-Japan Index (w.e.f.
2016 1.00 31.10.16 3.1
1 January 2009).
2017 1.50 31.10.17 3.9
Underlying index data are sourced from S&P Dow Jones Indices, LLC and Lipper
and expressed in Ringgit terms. Note: Distribution yield simply measures the level of distributions and is not

Asset Type
Total 100.00%

Calendar Year 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Fund Return (2) (%) 25.69 -36.95 47.51 3.89 -6.52 15.35 6.07 4.55 15.42 4.22
Benchmark (%) 25.92 -47.67 59.21 8.86 -6.82 14.43 10.37 7.61 16.16 5.44
Notes :
(1)
(2)
21
PUBLIC ISLAMIC ASIA DIVIDEND FUND (PIADF)
(1)
Fund Volatility
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. 8.8high
Lipper Analytics
15 Nov 17

4 5 4
Lipper Classification : Equity Asia Pacific Morningstar Category TM : Equity - Asia Pacific ex-Japan
ex-Japan Consistent (Syariah)
Return

Current Fund Size : NAV : RM380.38 Million China 30.28%
UNITS : 1,056.95 Million Korea 20.87%
Taiwan 20.26%
Performance of Public Islamic Asia Dividend Fund vs its Benchmark Hong Kong 5.39%
Index Over the Following Periods Ended 30 November 2017 Thailand 4.09%
PIADF Benchmark PIADF Benchmark
(%) (%) (%) (%)
3-year 40.62 34.50 12.00 10.35 Technology 22.80%
5-year 63.05 62.16 10.27 10.15 Industrial 18.35%
Performances of PIADF and Benchmark Index

150% Security Name
PIADF Benchmark Tencent Holdings Limited
100%
Total Returns
Sunny Optical Technology (Group) Company Limited

50%
0%
-50% Declaration Date
Apr-07 Dec-09 Aug-12 Apr-15 Nov-17
2008 0.40 30.4.08 1.8

Benchmark:
2009 0.25 30.4.09 1.4
Benchmark for PIADF is a composite of 30% Kuala Lumpur Syariah Index (prior to
2010 0.75 30.4.10 3.5
1 November 2007), 30% FTSE Bursa Malaysia EMAS Shariah Index (1 November
2007 to 29 April 2011), 20% FTSE Bursa Malaysia Hijrah Shariah Index (w.e.f. 30 April 2011 0.40 29.4.11 1.7
2011), 70% Dow Jones Islamic Market Asia Ex-Japan IndexSM (prior to 1 January 2009), 2012 0.40 30.4.12 1.7
70% S&P Shariah BMI Asia Ex-Japan Index (w.e.f. 1 January 2009) and 10% 3-Month 2013 0.40 30.4.13 1.6
Islamic Interbank Money Market (IIMM) rate. 2014 0.40 30.4.14 1.4
Underlying index data are sourced from S&P Dow Jones Indices, LLC, Lipper 2015 1.00 30.4.15 3.4
and Bank Negara Malaysia and expressed in Ringgit terms. 2016 1.00 29.4.16 3.7
2017 1.00 28.4.17 3.1
Asset Type
Total 100.00%

Calendar Year 2008 2009 2010 2011 2012 2013 2014 2015 2016
(2)
Fund Return (%) -39.09 43.14 8.68 0.88 14.74 6.99 3.34 11.77 2.99
Benchmark (%) -47.67 59.21 8.86 -6.90 13.21 9.91 6.49 11.60 3.49
Notes :
(1)
(2)
22
PUBLIC CHINA ITTIKAL FUND (PCIF)
(1)
Fund Volatility
To achieve capital growth over the medium to long-term period by investing in a portfolio of Shariah-compliant investments in the greater China
region and the balance in the domestic market. 10.4 high
Lipper Analytics
15 Nov 17

Lipper Classification : Equity Greater China
2 3 3 Morningstar Category TM : Equity - Greater China
Consistent
Return

Taiwan 23.42%
Performance of Public China Ittikal Fund vs its Benchmark Index Hong Kong 10.46%
Over the Following Periods Ended 30 November 2017
PCIF Benchmark PCIF Benchmark
(%) (%) (%) (%) Top 5 Sectors
Total Total Annualised Annualised Sectors
Return Return Return Return Communications 32.42%
1-year 19.23 16.79 19.23 16.79 Industrial 19.15%
3-year 43.05 45.87 12.64 13.37 Technology 13.55%
5-year 83.61 87.62 12.91 13.40 Consumer, Cyclical 5.22%
Since commencement 26.91 59.96 2.42 4.82 Utilities 4.22%
Performances of PCIF and Benchmark Index

90% Security Name
PCIF Benchmark Tencent Holdings Limited
60% Taiwan Semiconductor Manufacturing Company Limited
China Mobile Limited
Total Returns
30%
Techtronic Industries Company Limited
0%
-30% Distribution History

(2)
Declaration Date
Dec-07 Jun-10 Dec-12 Jun-15 Nov-17
2016 0.30 30.11.16 1.1
Benchmark:
Benchmark for PCIF is a composite of 50% Dow Jones Islamic Market Hong Kong
SM
Index (prior to 1 January 2009), 50% S&P Shariah BMI 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).
Underlying index data are sourced from S&P Dow Jones Indices, LLC and Lipper
and expressed in Ringgit terms.

Asset Type
Total 100.00%

Calendar Year 2008 2009 2010 2011 2012 2013 2014 2015 2016
(2)
Fund Return (%) -41.91 43.81 -0.91 -20.32 8.78 11.97 10.34 10.09 6.61
Benchmark (%) -47.45 61.42 4.35 -12.20 12.84 14.34 9.17 14.83 6.90
Notes :
(1)
(2)
23
PUBLIC ISLAMIC ASIA LEADERS EQUITY FUND (PIALEF)
Fund Objective Fund Award Won (1)
3-year
Fund Volatility
To achieve capital growth over the medium to long term period by - The Edge-Lipper Malaysia Fund Awards 2017:
investing mainly in stocks of companies with market capitalisation of . Best Equity Asia Pacific Ex-Japan - Malaysia Islamic, 3 years 10.3 high
US$1 billion and above in domestic and regional markets that Lipper Analytics
complies with Shariah requirements. 15 Nov 17

5 5 5
Lipper Classification : Equity Asia Pacific Morningstar Category TM : Equity - Asia Pacific ex-Japan
ex-Japan Consistent (Syariah)
Return

Korea 23.99%
Performance of Public Islamic Asia Leaders Equity Fund vs its Taiwan 17.97%
Benchmark Index Over the Following Periods Ended 30 November 2017 Hong Kong 5.30%
PIALEF Benchmark PIALEF Benchmark Thailand 0.94%
(%) (%) (%) (%)
1-year 20.86 18.91 20.86 18.91 Sectors
5-year 69.35 76.55 11.10 12.03 Technology 21.94%
Performances of PIALEF and Benchmark Index Consumer, Non-cyclical 4.66%
125%
PIALEF Benchmark Top 5 Holdings
100%
Security Name
75%
Total Returns

25%
0%

Feb-10 Jan-12 Jan-14 Dec-15 Nov-17
Benchmark: Declaration Date
Benchmark for PIALEF is a composite of 90% customised index by S&P Dow Jones
2010 0.75 30.11.10 2.9
Indices, LLC based on Top 100 constituents by market capitalisation of the S&P
2011 0.75 30.11.11 3.2
Shariah BMI Asia Ex-Japan Index and 10% 3-Month Islamic Interbank Money Market
(IIMM) rate. 2012 0.75 30.11.12 3.2
Underlying index data are sourced from S&P Dow Jones Indices, LLC and Bank Negara 2016 0.15 30.11.16 0.5
Malaysia and expressed in Ringgit terms. Note: Distribution yield simply measures the level of distributions and is not
* Commencement Date - 8 February 2010

Asset Type
Total 100.00%

Calendar Year 2011 2012 2013 2014 2015 2016
(2)
Fund Return (%) -9.60 8.33 6.51 5.96 15.10 3.38
Benchmark (%) -7.36 13.79 8.20 9.01 12.51 7.92
Notes :
(1)
(2)
24
PUBLIC ISLAMIC OPTIMAL EQUITY FUND (PIOEF)
Fund Objective
To achieve capital growth over the medium to long-term period by investing in a diversified portfolio of stocks that complies with Shariah requirements.
Financial Year End : 28 February Breakdown of Equity Exposure as at 30 November 2017

Taiwan 12.68%
Performance of Public Islamic Optimal Equity Fund vs its Benchmark Korea 8.94%
Index Over the Following Periods Ended 30 November 2017 Thailand 1.01%
PIOEF Benchmark PIOEF Benchmark
(%) (%) (%) (%)
1-year 20.71 12.70 20.71 12.70 Industrial 22.18%
Since commencement 21.24 12.65 16.06 9.65 Communications 15.32%
Technology 15.15%
Performances of PIOEF and Benchmark Index Consumer, Non-cyclical 7.30%
(Since Fund Commencement* to 30 November 2017) Basic Materials 6.68%
30%
PIOEF Benchmark
Top 5 Holdings
24%
Security Name
Tencent Holdings Limited
Total Returns
Hartalega Holdings Berhad

12% Samsung Electronics Company Limited
6%
0%
-6%
Aug-16 Dec-16 Apr-17 Aug-17 Nov-17
Benchmark:
Benchmark for PIOEF is a composite of 50% customised index by S&P Dow Jones
Indices, LLC based on Top 100 constituents by full market capitalisation of the S&P
Shariah BMI Asia Ex-Japan Index, 40% FTSE Bursa Malaysia Hijrah Shariah Index
and 10% 3-Month Islamic Interbank Money Market (IIMM) rate.
Underlying index data are sourced from S&P Dow Jones Indices, LLC, Lipper and
Bank Negara Malaysia and expressed in Ringgit terms.

Asset Type
Total 100.00%
25
PUBLIC ISLAMIC GROWTH BALANCED FUND (PIGRBF)
Fund Objective
To achieve capital growth over the medium to long-term period through a balanced asset allocation approach.

Taiwan 1.40%
Performance of Public Islamic Growth Balanced Fund vs its Benchmark Singapore 1.19%
Index Over the Following Periods Ended 30 November 2017
PIGRBF Benchmark PIGRBF Benchmark
(%) (%) (%) (%) Top 5 Sectors
Return Return Return Return Industrial 16.04%
Basic Materials 4.40%
Performances of PIGRBF and Benchmark Index Communications 4.23%
24%
Top 5 Holdings
PIGRBF Benchmark
Security Name
18% Press Metal Aluminium Holdings Berhad
Dialog Group Berhad
Kossan Rubber Industries Berhad
12% Hong Leong Industries Berhad
Total Returns
Wellcall Holdings Berhad
6%
0% Financial Distribution (1) Distribution
Declaration Date
2016 0.25 31.10.16 1.0

-6%
Oct-15 May-16 Nov-16 May-17 Nov-17 2017 1.00 31.10.17 3.5
Benchmark for PIGRBF is a composite of 60% FTSE Bursa Malaysia Hijrah Shariah
Index and 40% 3-Month Islamic Interbank Money Market (IIMM) rate.
Underlying index data are sourced from Lipper and Bank Negara Malaysia.
* Commencement Date - 27 October 2015

Asset Type
Total 100.00%

Calendar Year 2016
Fund Return (1) (%) -1.85
Benchmark (%) -2.42
Note :
(1)
26
PUBLIC ISLAMIC MIXED ASSET FUND (PIMXAF)
Fund Volatility
To achieve capital growth over the medium to long-term period by investing in a portfolio of investments that complies with Shariah requirements.
5.7 low
Lipper Analytics
15 Nov 17

1 2 1
Lipper Classification : Mixed Asset Morningstar Category TM : Blended - Balanced (Syariah)
MYR Aggressive Consistent
Return

UNITS : 1,015.97 Million Taiwan 10.80%
China 6.68%
Performance of Public Islamic Mixed Asset Fund vs its Benchmark USA 6.20%
Index Over the Following Periods Ended 30 November 2017 Korea 2.61%
PIMXAF Benchmark PIMXAF Benchmark Thailand 2.21%
(%) (%) (%) (%)
1-year 7.12 7.07 7.12 7.07 Sectors
3-year 2.63 2.90 0.87 0.95 Industrial 17.77%
Since commencement 24.75 29.38 3.77 4.40 Technology 11.05%
Utilities 5.53%
Performances of PIMXAF and Benchmark Index Consumer, Non-cyclical 4.75%
(Since 12 December 2011* to 30 November 2017)
40%
PIMXAF Benchmark Top 5 Holdings
30% Security Name
Total Returns

10%
0%
-10%
Dec-11 Jun-13 Dec-14 May-16 Nov-17 Distribution History
Benchmark: (4)
Declaration Date
Benchmark for PIMXAF is a composite of 70% FTSE Bursa Malaysia EMAS Shariah Index Year (Sen) Yield (%)
and 30% 3-Month Islamic Interbank Money Market (IIMM) rate (w.e.f. 12 December 2011). 2007 2.25 30.11.07 7.5
2008 1.00 28.11.08 4.8
2009 0.25 30.11.09 1.0
* Note: Upon the issuance of supplementary prospectus on 12 December 2011, Public
Islamic Balanced Fund (PIBF) has adopted its new name Public Islamic Mixed 2010 1.00 30.11.10 3.6
Asset Fund (PIMXAF) to reflect the change in fund objective, investment policy, 2011 1.00 30.11.11 3.7
investment strategy and benchmark. 2012 1.50 30.11.12 5.5
2013 1.75 29.11.13 6.2
Asset Allocation as at 30 November 2017 2014 2.00 28.11.14 7.5
Asset Type 2015 2.00 30.11.15 8.0
Shariah-compliant Equities & Related Securities - Domestic 38.52% 2016 0.40 30.11.16 1.7
Islamic Debt Securities 23.85% a measure of fund performance.
Total 100.00%

2011
Calendar Year 2007 2008 2009 2010 30/12/2010 - 12/12/2011 - 2012 2013 2014 2015 2016
9/12/2011 30/12/2011
Fund Return (4) (%) 22.93 -28.18 26.14 10.10 0.12 2.47 (2) 8.14 8.84 -0.90 3.10 -4.85
(3)
Benchmark (%) 26.54 -27.54 25.34 11.82 -0.07 3.43 (2) 9.26 10.27 -1.84 2.90 -3.28
Notes :
(1)
(2)
The figure shown is for period since PIMXAF commencement date - 12 December 2011.
(3)
Prior to 12 December 2011, the benchmark for PIBF is a composite of 60% the returns of the KLSI and 40% the returns on 3-Month Islamic Interbank Money Market (IIMM) rate.
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.
(4)
27
PUBLIC EHSAN MIXED ASSET CONSERVATIVE FUND (PESMACF)
Fund Objective
To provide income and achieve capital growth over the medium to long-term period primarily through a portfolio allocation across sukuk and Shariah-compliant
equities.

5 5 5
Lipper Classification : Mixed Asset Morningstar Category TM : Blended - Conservative
MYR Conservative Consistent
Return

of realised income and/or realised gains). Top 5 Sectors
Launch Date : 25.11.2014 Sectors
Current Fund Size : NAV : RM8.56 Million Industrial 8.35%
UNITS : 31.10 Million Consumer, Non-cyclical 6.06%
Utilities 3.07%
Performance of Public Ehsan Mixed Asset Conservative Fund vs its Communications 2.14%
Benchmark Index Over the Following Periods Ended 30 November 2017 Basic Materials 1.95%
PESMACF Benchmark PESMACF Benchmark
(%) (%) (%) (%)
Total Total Annualised Annualised Top 5 Holdings
Return Return Return Return Security Name
1-year 11.69 4.25 11.69 4.25 Tenaga Nasional Berhad
Since commencement 16.63 7.56 5.33 2.49 Uchi Technologies Berhad
Kossan Rubber Industries Berhad
Performances of PESMACF and Benchmark Index Globetronics Technology Berhad
(Since Fund Commencement* to 30 November 2017) Dialog Group Berhad
20%
PESMACF Benchmark
15%
Declaration Date
10% 2016 0.75 29.4.16 2.9

Total Returns
2017 0.75 28.4.17 2.9
5%
0%
-5%
Dec-14 Sep-15 Jun-16 Mar-17 Nov-17
Benchmark:
Benchmark for PESMACF is a composite of 65% 3-Month Islamic Interbank Money
Market (IIMM) rate and 35% FTSE Bursa Malaysia Hijrah Shariah Index.

Asset Type
Total 100.00%

Fund Return (1) (%) 3.52 0.43
Benchmark (%) 2.25 0.04
Note :
(1)
28
PUBLIC EHSAN MIXED ASSET GROWTH FUND (PESMAGF)
Fund Objective
To achieve capital growth over the medium to long-term period primarily through a portfolio allocation across Shariah-compliant equities and sukuk.

5 4 5
Lipper Classification : Mixed Asset Morningstar Category TM : Blended - Balanced (Syariah)
MYR Aggressive Consistent
Return

Taiwan 1.08%
Performance of Public Ehsan Mixed Asset Growth Fund vs its Singapore 0.33%
Benchmark Index Over the Following Periods Ended 30 November 2017
PESMAGF Benchmark PESMAGF Benchmark
(%) (%) (%) (%) Top 5 Sectors
Return Return Return Return Consumer, Non-cyclical 20.56%
Technology 8.89%
Performances of PESMAGF and Benchmark Index Consumer, Cyclical 8.35%
40%
Top 5 Holdings
PESMAGF Benchmark
Security Name
30% Top Glove Corporation Berhad
TIME dotCom Berhad
20%
Total Returns
Cocoaland Holdings Berhad

KESM Industries Berhad
10%
0%
Declaration Date
2016 0.40 29.4.16 1.4

-10%
Dec-14 Sep-15 Jun-16 Mar-17 Nov-17 2017 0.75 28.4.17 2.5
Benchmark for PESMAGF is a composite of 70% FTSE Bursa Malaysia Hijrah Shariah
Index and 30% 3-Month Islamic Interbank Money Market (IIMM) rate.

Asset Type
Total 100.00%

Fund Return (1) (%) 18.61 -0.90
Benchmark (%) 0.58 -3.40
Note :
(1)
29
PUBLIC ISLAMIC ASIA TACTICAL ALLOCATION FUND (PIATAF)
Fund Objective Fund Award Won 3-year
(1)
Fund Volatility
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
- The Edge-Lipper Malaysia Fund Awards 2017:
. Best Mixed Asset MYR Flexible - Malaysia Islamic, 3 years 9.1high
with Shariah requirements. Lipper Analytics
15 Nov 17

5 2 5
Lipper Classification : Mixed Asset Morningstar Category TM : Blended - Flexible
MYR Flexible Consistent
Return

Taiwan 24.47%
Performance of Public Islamic Asia Tactical Allocation Fund vs its Korea 21.23%
Benchmark Index Over the Following Periods Ended 30 November 2017 Hong Kong 4.70%
PIATAF Benchmark PIATAF Benchmark Indonesia 1.97%
(%) (%) (%) (%)
1-year 20.58 14.94 20.58 14.94 Sectors
5-year 65.45 62.48 10.59 10.19 Technology 22.31%
Performances of PIATAF and Benchmark Index Basic Materials 4.17%
(Since 12 December 2011* to 30 November 2017)
100%
PIATAF Benchmark Top 5 Holdings
80%
Security Name
60%
Total Returns
40% Samsung Electronics Company Limited

20% Win Semiconductors Corporation
0%

Dec-11 Jun-13 Dec-14 May-16 Nov-17
(4)
Benchmark: Declaration Date
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). 2010 0.75 29.10.10 3.3
Underlying index data are sourced from S&P Dow Jones Indices, LLC and Bank Negara Note: Distribution yield simply measures the level of distributions and is not
Malaysia and expressed in Ringgit terms. a measure of fund performance.
* Note: Upon the issuance of supplementary prospectus on 12 December 2011, Public

Islamic Asia Balanced Fund (PIABF) has adopted its new name Public Islamic
Asia Tactical Allocation Fund (PIATAF) to reflect the change in fund objective,
investment policy, investment strategy and benchmark.

Asset Type
Total 100.00%

2011
Calendar Year 2008 2009 2010 30/12/2010 - 12/12/2011 - 2012 2013 2014 2015 2016
9/12/2011 30/12/2011
Fund Return (4) (%) -30.73 30.36 2.08 -8.70 1.05 (2) 13.58 6.56 5.06 14.57 2.69
Benchmark (3) (%) -32.05 37.54 4.23 -6.33 0.59 (2) 10.80 7.91 7.01 12.62 5.60
Notes :
(1)
(2)
The figure shown is for period since PIATAF commencement date - 12 December 2011.
(3)
Prior to 12 December 2011, the benchmark for PIABF is a composite of 60% Dow Jones Islamic Market Asia Ex-Japan IndexSM (prior to 1 January 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.
(4)
30
PUBLIC ISLAMIC BOND FUND (PI BOND)
(1)
Fund Volatility
1.7
To provide annual income to investors through investment in Islamic debt securities.
very low
Lipper Analytics
15 Nov 17

5 4 5
Lipper Classification : Bond MYR Morningstar Category TM : Bonds - Malaysia (Syariah)
Consistent
Return
Financial Year End : 31 October Distribution History

of realised income and/or realised gains). Declaration Date
Launch Date : 15.08.2001
2008 4.00 31.10.08 4.1
Current Fund Size : NAV : RM437.59 Million
2009 4.00 30.10.09 3.9
UNITS : 455.19 Million
2010 5.00 29.10.10 4.7
Performance of Public Islamic Bond Fund vs its Benchmark Index 2011 5.00 31.10.11 4.8
Over the Following Periods Ended 30 November 2017 2012 6.00 31.10.12 5.8
PI BOND 12-M GIA PI BOND 12-M GIA 2013 6.00 31.10.13 5.9
(%) (%) (%) (%) 2014 6.00 31.10.14 6.1
2015 6.00 30.10.15 6.2
Return Return Return Return
2016 6.00 31.10.16 6.2
1-year 4.98 3.11 4.98 3.11
2017 4.50 31.10.17 4.7
3-year 14.41 9.96 4.58 3.21
5-year Note: Distribution yield simply measures the level of distributions and is not
22.70 16.63 4.17 3.12
10-year 70.66 36.53 5.49 3.16
Since commencement 145.57 68.97 5.68 3.28
Performances of PI BOND and 12-Month General Investment Account

(GIA) Rate (Since Fund Commencement* to 30 November 2017)
160%
PI BOND 12-Month GIA
120%
80%
Total Returns
40%
0%
-40%
Sep-01 Sep-05 Oct-09 Oct-13 Nov-17
Source: Bank Negara Malaysia

Asset Type
Total 100.00%

Calendar Year 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Fund Return (2) (%) 3.32 3.90 9.95 6.95 7.64 3.88 3.84 3.44 4.13 5.65
Benchmark (%) 3.72 3.45 3.01 2.93 3.25 3.33 2.98 2.99 3.20 3.33
Notes :
(1)
Based on the fund's portfolio returns as at 15 November 2017, the Volatility Factor (VF) for this fund is 1.7 and is classified as "Very Low" (source : Lipper).
(2)
31
PUBLIC ISLAMIC ENHANCED BOND FUND (PIEBF)
(1)
Fund Volatility
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. 1.6
very low
Lipper Analytics
15 Nov 17

3 5 3
Lipper Classification : Mixed Asset MYR Morningstar Category TM : Blended - Conservative
Conservative Consistent
Return
Financial Year End : 31 December Distribution History


2007 3.50 31.12.07 3.4
UNITS : 70.49 Million 2008 1.75 31.12.08 1.8
2009 2.00 31.12.09 1.9
Performance of Public Islamic Enhanced Bond Fund vs its Benchmark 2010 3.00 30.12.10 2.8
Index Over the Following Periods Ended 30 November 2017 2011 3.00 30.12.11 2.8
PIEBF 12-M GIA PIEBF 12-M GIA
2012 5.00 31.12.12 4.6
(%) (%) (%) (%)
2013 5.00 31.12.13 4.7
2014 4.25 31.12.14 4.0
1-year 2015 4.50 31.12.15 4.2
5.15 3.11 5.15 3.11
3-year 13.09 9.96 4.17 3.21 2016 4.00 30.12.16 3.7
5-year 21.74 16.63 4.01 3.12 Note: Distribution yield simply measures the level of distributions and is not
10-year 50.07 36.53 4.14 3.16 a measure of fund performance.
Performances of PIEBF and 12-Month General Investment Account

80%
PIEBF 12-Month GIA
60%
40%
Total Returns
20%
0%
-20%

Asset Type
Total 100.00%

Calendar Year 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Fund Return (2) (%) 5.22 -4.73 10.18 4.87 6.09 5.22 2.80 3.80 4.37 3.55
Benchmark (%) 3.72 3.45 3.01 2.93 3.25 3.33 2.98 2.99 3.20 3.33
Notes :
(1)
(2)
32
PUBLIC ISLAMIC SELECT BOND FUND (PISBF)
Fund Volatility
To provide annual income through investments in Islamic debt securities which have remaining maturities of 7 years and below and Islamic money
market instruments. 1.0
very low
Lipper Analytics
15 Nov 17

3 5 3
Consistent
Return
Financial Year End : 31 July Distribution History

Distribution Policy : Annual (on a best effort basis subject to availability (2)
Declaration Date
of realised income and/or realised gains). Year (Sen) Yield (%)
2008 1.50 31.7.08 1.5
2009 3.50 31.7.09 3.4
2010 5.00 30.7.10 4.8
2011 5.00 29.7.11 4.9
Performance of Public Islamic Select Bond Fund vs its Benchmark
2012 5.00 31.7.12 4.9
PISBF 12-M GIA PISBF 12-M GIA 2013 3.50 31.7.13 3.5
(%) (%) (%) (%) 2014 4.00 31.7.14 4.0

Total Total Annualised Annualised 2015 3.75 31.7.15 3.7
Return Return Return Return 2016 3.00 29.7.16 2.9
1-year 5.16 3.11 5.16 3.11 2017 3.50 31.7.17 3.4
3-year 12.53 9.96 4.00 3.21
10-year 51.01 36.53 4.20 3.16
Performances of PISBF and 12-Month General Investment Account

60%
PISBF 12-Month GIA
40%
Total Returns
20%
0%
-20%
Jul-07 Feb-10 Sep-12 Apr-15 Nov-17
* Commencement Date - 30 July 2007

Asset Type
Total 100.00%

Calendar Year 2008 2009 2010 2011 2012 2013 2014 2015 2016
(2)
Fund Return (%) 2.57 6.83 4.65 5.50 4.01 3.18 3.16 3.51 4.14
Benchmark (%) 3.45 3.01 2.93 3.25 3.33 2.98 2.99 3.20 3.33
Notes :
(1)
(2)
33
PUBLIC ISLAMIC INCOME FUND (PI INCOME)
(1)
Fund Volatility
To provide annual income over the medium to long-term period by investing in sukuk and Islamic money market instruments.
1.0
very low
Lipper Analytics
15 Nov 17

2 5 2
Consistent
Return
Financial Year End : 31 July Distribution History

2009 2.50 31.7.09 2.4
2010 3.50 30.7.10 3.3
2011 3.50 29.7.11 3.4
Performance of Public Islamic Income Fund vs its Benchmark Index 2012 3.50 31.7.12 3.4
Over the Following Periods Ended 30 November 2017 2013 3.75 31.7.13 3.6
PI INCOME 12-M GIA PI INCOME 12-M GIA 2014 4.00 31.7.14 3.9
(%) (%) (%) (%) 2015 3.75 31.7.15 3.7
1-year 4.13 3.11 4.13 3.11
5-year 19.23 16.63 3.58 3.12
Performances of PI INCOME and 12-Month General Investment Account

50%
PI INCOME 12-Month GIA

40%
30%
Total Returns
20%
10%
0%
-10%
Sep-08 Dec-10 Apr-13 Aug-15 Nov-17

Asset Type
Total 100.00%

Calendar Year 2009 2010 2011 2012 2013 2014 2015 2016
Fund Return (2) (%) 7.18 4.75 5.47 2.70 3.64 3.19 3.56 3.86
Benchmark (%) 3.01 2.93 3.25 3.33 2.98 2.99 3.20 3.33
Notes :
(1)
(2)
34
PUBLIC ISLAMIC INFRASTRUCTURE BOND FUND (PIINFBF)
Fund Objective (1)
3-year
Fund Volatility
To provide annual income to investors through investments in sukuk of companies in the infrastructure sector.
1.8
very low
Lipper Analytics
15 Nov 17
Lipper Leaders (Overall Ratings) :

Lipper Classification : Bond MYR
4 3 4
Consistent
Return
Financial Year End : 30 November Distribution History

Distribution Policy : Annual (on a best effort basis subject to availability Financial Distribution
(2)
Distribution
Declaration Date
Launch Date : 16.11.2010 2011 2.50 30.11.11 2.4
Current Fund Size : NAV : RM375.29 Million 2012 4.00 30.11.12 3.9
(Cum Distribution) UNITS : 348.44 Million
2013 4.25 29.11.13 4.2
2014 4.50 28.11.14 4.4
Performance of Public Islamic Infrastructure Bond Fund vs its Benchmark 2015 4.00 30.11.15 3.9
PIINFBF 12-M GIA PIINFBF 12-M GIA
2017 4.25 30.11.17 4.1
(%) (%) (%) (%)
1-year 5.07 3.11 5.07 3.11
3-year 13.89 9.96 4.42 3.21
5-year 23.13 16.63 4.25 3.12
Performances of PIINFBF and 12-Month General Investment Account

40%
PIINFBF 12-Month GIA
30%
20%
Total Returns
10%
0%
-10%
Dec-10 Sep-12 Jun-14 Feb-16 Nov-17

Asset Type
Total 100.00%

Calendar Year 2011 2012 2013 2014 2015 2016
Fund Return (2) (%) 6.02 2.80 4.37 3.72 3.91 5.29
Benchmark (%) 3.25 3.33 2.98 2.99 3.20 3.33
Notes :
(1)
(2)
35
PUBLIC ISLAMIC STRATEGIC BOND FUND (PISTBF)
Fund Objective
3-year (1)
Fund Volatility
To provide annual income to investors through investments in sukuk and Islamic money market instruments.
1.5
very low
Lipper Analytics
15 Nov 17

2 4 2
Consistent
Return
Financial Year End : 31 December Distribution History

2011 3.00 30.12.11 2.9
2012 3.50 31.12.12 3.4
2013 3.50 31.12.13 3.4
2014 4.00 31.12.14 3.9
Performance of Public Islamic Strategic Bond Fund vs its Benchmark
2015 4.25 31.12.15 4.1
2016 4.00 30.12.16 3.9
PISTBF 12-M GIA PISTBF 12-M GIA
(%) (%) (%) (%) Note: Distribution yield simply measures the level of distributions and is not
1-year 4.15 3.11 4.15 3.11
3-year 11.78 9.96 3.77 3.21
5-year 19.50 16.63 3.62 3.12
Performances of PISTBF and 12-Month General Investment Account

40%
PISTBF 12-Month GIA
30%
20%
Total Returns
10%
0%
-10%

Asset Type
Total 100.00%

Calendar Year 2011 2012 2013 2014 2015 2016
(2)
Fund Return (%) 6.33 3.66 3.16 3.58 3.46 4.56
Benchmark (%) 3.25 3.33 2.98 2.99 3.20 3.33
Notes :
(1)
(2)
36
PUBLIC SUKUK FUND (PSKF)
Fund Objective (1)
3-year
Fund Volatility
To provide annual income through investments in sukuk and Islamic money market instruments.
1.9 low
Lipper Analytics
15 Nov 17

4 3 4
Consistent
Return
Financial Year End : 31 August Distribution History

of realised income and/or realised gains).
Declaration Date
2012 2.25 30.8.12 2.2
2013 3.50 30.8.13 3.4
2014 4.00 29.8.14 3.9
2015 3.75 28.8.15 3.7
Performance of Public Sukuk Fund vs its Benchmark Index
2016 3.75 30.8.16 3.6
Over the Following Periods Ended 30 November 2017
PSKF 12-M GIA PSKF 12-M GIA 2017 3.75 30.8.17 3.6
(%) (%) (%) (%) Note: Distribution yield simply measures the level of distributions and is not
Total Total Annualised Annualised a measure of fund performance.
1-year 5.22 3.11 5.22 3.11
3-year 13.36 9.96 4.26 3.21
5-year 20.69 16.63 3.83 3.12
Performances of PSKF and 12-Month General Investment Account

30%
PSKF 12-Month GIA
20%
Total Returns
10%
0%
-10%
Aug-11 Mar-13 Oct-14 May-16 Nov-17

Asset Type
Total 100.00%

Calendar Year 2012 2013 2014 2015 2016
(2)
Fund Return (%) 3.97 2.47 3.78 3.59 5.02
Benchmark (%) 3.33 2.98 2.99 3.20 3.33
Notes :
(1)
(2)
37
PUBLIC ISLAMIC MONEY MARKET FUND (PIMMF)
(1)
Fund Volatility
0.1
To provide liquidity and current income, while maintaining capital stability by investing in instruments that comply with Shariah requirements.
very low
Lipper Analytics
15 Nov 17
Morningstar Rating TM (Overall) :

Morningstar Category TM : Money Market - Malaysia
(Syariah)
Financial Year End : 30 June Distribution History

2008 2.00 30.6.08 2.0
2009 2.50 30.6.09 2.5
2010 2.00 30.6.10 2.0
Performance of Public Islamic Money Market Fund vs its Benchmark 2011 2.50 30.6.11 2.5
PIMMF Benchmark PIMMF Benchmark 2013 2.50 28.6.13 2.5
(%) (%) (%) (%) 2014 3.00 30.6.14 2.9
1-year 3.20 2.77 3.20 2.77
2017 4.00 30.6.17 4.0
3-year 10.10 8.71 3.25 2.82
5-year Note: Distribution yield simply measures the level of distributions and is not
16.74 14.93 3.14 2.82
10-year 32.84 32.82 2.88 2.88
Performances of PIMMF and Benchmark Index

40%
PIMMF Benchmark
30%
20%
Total Returns
10%
0%
-10%
Jun-07 Jan-10 Aug-12 Apr-15 Nov-17
Benchmark:
3-Month Islamic Interbank Money Market (IIMM) rate (prior to 30 April 2010).
1-Month Islamic Interbank Money Market (IIMM) rate (30 April 2010 to 29 April 2013).
90% Public Islamic Bank 1-Month Mudharabah General Investment Account-i (30 April
2013 to 29 April 2015), 90% Public Islamic Bank 1-Month Term Deposit-i (w.e.f. 30 April
2015) and 10% Public Islamic Bank Wadiah Savings Account-i (w.e.f. 30 April 2013).
Source: Bank Negara Malaysia and Public Bank Berhad.
* Commencement Date - 5 June 2007

Asset Type

Calendar Year 2008 2009 2010 2011 2012 2013 2014 2015 2016
Fund Return (2) (%) 3.09 1.99 2.24 2.80 2.97 2.91 3.06 3.38 3.15
Benchmark (%) 3.60 2.29 2.51 3.13 3.11 2.87 2.76 2.85 2.83
Notes :
(1)
(2)
38
PUBLIC e-ISLAMIC CASH DEPOSIT FUND (PeICDF)
Fund Objective
To provide liquidity and income while maintaining capital stability.
Morningstar Rating TM (Overall) :

Morningstar Category TM : Money Market - Malaysia
(Syariah)
Financial Year End : 31 March Distribution History

Distribution Policy : Monthly (on a best effort basis subject to availability
Financial Distribution (1) Annualised
2015* 1.51 1.5
UNITS : 217.73 Million 2016 3.03 3.1
2017 2.90 2.9

Performance of Public e-Islamic Cash Deposit Fund vs its Benchmark
PeICDF Benchmark PeICDF Benchmark Financial Distribution (1) Declaration Distribution
Year 2018 (Sen) Date Yield (%)
(%) (%) (%) (%)
Total Total Annualised Annualised Month 1 - Apr 0.23 28.4.17 0.2
Return Return Return Return Month 2 - May 0.26 31.5.17 0.3
1-year 3.16 2.77 3.16 2.77
Month 3 - Jun 0.29 30.6.17 0.3
3-year 9.49 8.71 3.06 2.82
Since commencement Month 4 - Jul 0.30 31.7.17 0.3
10.17 9.48 3.01 2.81
Month 5 - Aug 0.30 30.8.17 0.3
Performances of PeICDF and Benchmark Index Month 6 - Sep 0.28 29.9.17 0.3
Month 7 - Oct 0.30 31.10.17 0.3
12%
Month 8 - Nov 0.29 30.11.17 0.3
PeICDF Benchmark
10% Total 2.25 - 2.3
8% Notes: Distribution yield simply measures the level of distributions and is not
Total Returns
6% * The figure shown is for period since fund commencement.
4%
2%
0%
-2%
Aug-14 Jun-15 Apr-16 Feb-17 Nov-17
Benchmark:
90% Public Islamic Bank 1-Month Mudharabah General Investment Account-i
(prior to 30 April 2015), 90% Public Islamic Bank 1-Month Term Deposit-i
(w.e.f. 30 April 2015) and 10% Public Islamic Bank Wadiah Savings Account-i.
Source: Public Bank Berhad.

Asset Type

(1)
Fund Return (%) 3.00 3.06
Benchmark (%) 2.85 2.83
Note :
(1)
39
Name of Funds by Alphabetical Order Page No. Name of Funds by Financial Year End Financial Year End Page No.
Public Asia Ittikal Fund 21 Public Islamic Emerging Opportunities Fund 31 January 20
Public China Ittikal Fund 23 Public Islamic Optimal Growth Fund 31 January 11
Public Ehsan Mixed Asset Conservative Fund 28 Public Islamic Optimal Equity Fund 28 February 25
Public Ehsan Mixed Asset Growth Fund 29 Public e-Islamic Cash Deposit Fund 31 March 39
Public e-Islamic Cash Deposit Fund 39 Public Ehsan Mixed Asset Conservative Fund 30 April 28
Public Islamic Advantage Growth Equity Fund 19 Public Ehsan Mixed Asset Growth Fund 30 April 29
Public Islamic Alpha-40 Growth Fund 13 Public Islamic Asia Dividend Fund 30 April 22
Public Islamic Asia Dividend Fund 22 Public Islamic Dividend Fund 30 April 8
Public Islamic Asia Leaders Equity Fund 24 Public Islamic Equity Fund 31 May 6
Public Islamic Asia Tactical Allocation Fund 30 Public Islamic Select Treasures Fund 31 May 10
Public Islamic Bond Fund 31 Public Ittikal Fund 31 May 5
Public Islamic Dividend Fund 8 Public Islamic Money Market Fund 30 June 38
Public Islamic Emerging Opportunities Fund 20 Public Islamic Income Fund 31 July 34
Public Islamic Enhanced Bond Fund 32 Public Islamic Opportunities Fund 31 July 7
Public Islamic Enterprises Equity Fund 18 Public Islamic Select Bond Fund 31 July 33
Public Islamic Equity Fund 6 Public Islamic Select Enterprises Fund 31 July 12
Public Islamic Growth & Income Fund 17 Public Islamic Treasures Growth Fund 31 August 14
Public Islamic Growth Balanced Fund 26 Public Sukuk Fund 31 August 37
Public Islamic Income Fund 34 Public Islamic Advantage Growth Equity Fund 30 September 19
Public Islamic Infrastructure Bond Fund 35 Public Islamic Enterprises Equity Fund 30 September 18
Public Islamic Mixed Asset Fund 27 Public Asia Ittikal Fund 31 October 21
Public Islamic Money Market Fund 38 Public Islamic Asia Tactical Allocation Fund 31 October 30
Public Islamic Opportunities Fund 7 Public Islamic Bond Fund 31 October 31
Public Islamic Optimal Equity Fund 25 Public Islamic Growth Balanced Fund 31 October 26
Public Islamic Optimal Growth Fund 11 Public China Ittikal Fund 30 November 23
Public Islamic Savings Fund 16 Public Islamic Alpha-40 Growth Fund 30 November 13
Public Islamic Sector Select Fund 9 Public Islamic Asia Leaders Equity Fund 30 November 24
Public Islamic Select Bond Fund 33 Public Islamic Infrastructure Bond Fund 30 November 35
Public Islamic Select Enterprises Fund 12 Public Islamic Mixed Asset Fund 30 November 27
Public Islamic Select Treasures Fund 10 Public Islamic Sector Select Fund 30 November 9
Public Islamic Strategic Bond Fund 36 Public Ittikal Sequel Fund 30 November 15
Public Islamic Treasures Growth Fund 14 Public Islamic Enhanced Bond Fund 31 December 32
Public Ittikal Fund 5 Public Islamic Growth & Income Fund 31 December 17
Public Ittikal Sequel Fund 15 Public Islamic Savings Fund 31 December 16
Public Sukuk Fund 37 Public Islamic Strategic Bond Fund 31 December 36
40
A copy of the Master Prospectus 1 of Public Series of Shariah-Based Funds dated 30 April 2017 and Prospectus of Public e-Islamic Cash Deposit
Fund dated 9 March 2017 have been registered by, and lodged with, the Securities Commission Malaysia (SC), which shall not be interpreted to
mean that the SC recommends the investment.
The SC shall not be liable for any non-disclosure on the part of the management company and takes no responsibility for the contents of the
Prospectuses, makes no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss
howsoever arising from or in reliance upon the whole or any part of the contents of the Prospectuses.
Investors are advised to read and understand the contents of the above Prospectuses. If in doubt, please consult a professional adviser.
You have the right to request for a copy of the Product Highlights Sheet of the fund(s). You are advised to read and understand the contents of
the relevant fund’s Product Highlights Sheet before making any investment decision.
Applications by investors to purchase units of the funds must come in the form of a duly completed application form referred to and accompanying
the (relevant) Prospectuses.
Investors should note that there are fees, charges and risks involved in investing in unit trust funds. Therefore, you should consider carefully the
fees, charges and risks before making an investment decision. Please refer to the Prospectuses for more information.
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.
Where a unit split is declared, investors should note that the value of their investment in Ringgit Malaysia terms will remain unchanged after the
distribution of additional units.
While it is the Manager’s policy to discourage loan financing in the purchase of units, nevertheless, this facility is available to interested investors.
However, YOU are advised to read and understand the contents of the unit trust loan financing risk disclosure statement before deciding to
borrow to purchase units.
Where a free copy of Prospectus and Product Highlights Sheet can be obtained: Unit Trust Consultants (UTCs) of Public Mutual or contact
Public Mutual Hotline: 03-6207 5000 for assistance.
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, and Lipper does not guarantee the accuracy of this information.
Lipper Leaders (overall) - All Ratings as of 30 November 2017 - 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 2017 are 0.000 ≤ VF ≤ 1.870, 1.870 < VF ≤ 6.225, 6.225 < VF ≤ 8.225, 8.225 < VF ≤ 10.735
and VF more than 10.735 respectively. For this period to 31 December 2017 the VCs for the funds are based on the VFs of the respective funds as at 30 June 2017.
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.
41
Morningstar Rating™
The Morningstar Rating™ is a quantitative assessment of a fund’s past performance, incorporating fee, return and risk, 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.
© 2017 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 P ITTIKAL, PIEF, PIOF, PIDF, PAIF, PIADF, PISSF, PCIF, PISTF, PIOGF, PISEF, PIA40GF, PITGF, PITSEQ, PISVF, PIMXAF, PISGIF, PIENTEF, PESMACF,
PESMAGF, PIAVGEF, PIGRBF, PIEMOF and PIOEF are not in any way sponsored, endorsed, sold or promoted by FTSE International Limited ("FTSE") or by Bursa
Malaysia Berhad ("BURSA MALAYSIA") or by the London Stock Exchange Group companies (the "LSEG") and neither FTSE nor BURSA MALAYSIA nor LSEG makes
any warranty or representation whatsoever, expressly or impliedly, either as to the results to be obtained from the use of the FTSE BURSA MALAYSIA EMAS SHARIAH
INDEX, FTSE BURSA MALAYSIA SMALL CAP SHARIAH INDEX, FTSE BURSA MALAYSIA HIJRAH SHARIAH INDEX and the customised index by FTSE based on
the constituents with market capitalisation below RM6.0 billion within the FTSE BURSA MALAYSIA EMAS SHARIAH INDEX ("the Indices"), and/or the figure at which
the said Indices stand at any particular time on any particular day or otherwise. The Indices are compiled and calculated by FTSE. However, neither FTSE nor BURSA
MALAYSIA nor LSEG shall be liable (whether in negligence or otherwise) to any person for any error in the Indices and neither FTSE nor BURSA MALAYSIA nor LSEG
shall be under any obligation to advise any person of any error therein.
"FTSE®", "FT-SE®" and "Footsie®" are trade marks of LSEG and are used by FTSE under licence. "BURSA MALAYSIA" is a trade mark of BURSA MALAYSIA.
The 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
index for PAIF, the customised benchmark index for PIALEF, the customised benchmark index for PIA40GF, the customised benchmark index for PIENTEF and the
customised benchmark index for PIOEF are products of S&P Dow Jones Indices LLC (“SPDJI”), and have been licensed for use by Public Mutual Berhad. Standard &
Poor’s® and S&P® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark
Holdings LLC (“Dow Jones”); Standard & Poor’s®, S&P® and Dow Jones® are trademarks of the SPDJI; and these trademarks have been licensed for use by SPDJI
and sublicensed for certain purposes by Public Mutual Berhad. Public Mutual Berhad’s PAIF, PIADF, PCIF, PIALEF, PIA40GF, PIENTEF, PIATAF and PIOEF are not
sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates and none of such parties make any representation regarding the
advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the 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 index for PAIF, the customised benchmark index for
PIALEF, the customised benchmark index for PIA40GF, the customised benchmark index for PIENTEF and the customised benchmark index for PIOEF.
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 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 UTCs, agency offices, branches Public Mutual Berhad (23419-A)
or call Public Mutual Hotline at 03-6207 5000 or visit us at our website at http://www.publicmutual.com.my Block B, Sri Damansara Business Park, Persiaran Industri,
Bandar Sri Damansara, 52200 Kuala Lumpur, Malaysia.
Tel : 03-62796800 Fax : 03-62779800
42

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November

For funds distributed by UTCs

FBM KLCI Eased Amid a Lack of Fresh Leads

Comparison of Stock Markets’ Performances Stock Market Commentary

• In North Asia, both the Shanghai and Taiwan markets declined by

Stock Market Chart

Thailand 1,697 +2.9 -1.4 +10.0

Malaysia 1,718 -0.4 -1.7 +4.6

Hong Kong 29,177 +2.5 +3.3 +32.6

South Korea 2,476 +5.4 -1.9 +22.2

HS China Enterprises 11,476 +5.5 -0.3 +22.1

TOPIX 1,792 +5.4 +1.5 +18.0

Taiwan 10,560 +3.9 -2.2 +14.1

Shanghai Composite 3,317 +1.3 -2.2 +6.9

Tracking the FBM KLCI: 1 January 2013 to 30 November 2017

Australia 5,970 +4.0 +1.0 +5.4

FTSE 100 7,327 +1.6 -2.2 +2.6

Monthly Bond Yields

10.0 'AAA' Corporate Bond 4.23 4.29 +6

'AA' Corporate Bond 4.48 4.49 +1

U.S. Treasury Bond 2.02 2.14 +12

MGS 3.67 3.60 -7

MGS 3.94 3.89 -5

0.0 'AA' Corporate Bond 4.97 5.01 +4

* Source: Bloomberg Note: Q = Quarter

The above Market Commentary is prepared based on material

Name of Funds Launch Date Risk Level* Page No.

Public Islamic Growth Balanced Fund (PIGRBF) 07.10.2015 3 26

Mixed Asset - Local

Mixed Asset - Regional

Public Islamic Asia Tactical Allocation Fund (PIATAF) 21.08.2007 5 30

Bond / Fixed Income

Lipper Leaders (Overall Ratings) : Morningstar Rating TM (Overall) :

Financial Year End : 31 May Breakdown of Equity Exposure as at 30 November 2017

Performances of P ITTIKAL and Benchmark Index

450% Security Name

Axiata Group Berhad

-150% Interim 10.00 30.11.07 9.0

Annual Returns for Calendar Years Ended 31 December

Lipper Leaders (Overall Ratings) : Morningstar Rating TM (Overall) :

Financial Year End : 31 May Breakdown of Equity Exposure as at 30 November 2017

Telekom Malaysia Berhad

Annual Returns for Calendar Years Ended 31 December

Lipper Leaders (Overall Ratings) : Morningstar Rating TM (Overall) :

Financial Year End : 31 July Breakdown of Equity Exposure as at 30 November 2017

Performance of Public Islamic Opportunities Fund vs its Benchmark

210% Distribution History

Asset Allocation as at 30 November 2017

Annual Returns for Calendar Years Ended 31 December

Lipper Leaders (Overall Ratings) : Morningstar Rating TM (Overall) :

Financial Year End : 30 April Breakdown of Equity Exposure as at 30 November 2017

Performances of PIDF and Benchmark Index

Petronas Chemicals Group Berhad

Annual Returns for Calendar Years Ended 31 December

sectors in the domestic market. 6.4

Lipper Leaders (Overall Ratings) : Morningstar Rating TM (Overall) :

Financial Year End : 30 November Breakdown of Equity Exposure as at 30 November 2017

2009 0.50 30.11.09 2.2

2011 2.00 30.11.11 7.2

* Commencement Date - 3 December 2007

Asset Allocation as at 30 November 2017

Annual Returns for Calendar Years Ended 31 December

Lipper Leaders (Overall Ratings) : Morningstar Rating TM (Overall) :

Financial Year End : 31 May Breakdown of Equity Exposure as at 30 November 2017