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Prudential Global Basics FundFor the 6-month period ended30 June 2008
PRUglobal basics fund
Inte
rim
Rep
ort
Interim Report
--------------------------------------------------------------------------------- 1 Customer Service :
03-2332 1000
PRUglobal basics fund
INTERIM REPORTFor the 6-month period ended
30 June 2008
2 03-2332 1000Customer Service :
Contents
A Note From PRU 4
Fund Information 5
Fund Performance 6
Manager’s Report 7
Rebates and Soft Commissions 9
Nota daripada PRU 10
Maklumat Dana 11
Prestasi Dana 12
Laporan Pengurus 13
Rebat dan Komisen Ringan 15
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PRUglobal basics fund Interim Report
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Statement By The Manager 22
Trustee’s Report To The Unitholders
of PRUglobal basics fund 23
Unaudited Income Statement 24
Unaudited Statement of Assetsand Liabilities 25
Unaudited Statement of Changes
in Net Assets Attributable
to Unitholders 26
Unaudited Cash Flow Statement 27
Summary Of Significant
Accounting Policies 28
Notes To The Unaudited Financial 33
Statements
Corporate Directory 48
16
17
18
19
21
PruGlobal basic IR 2008.qxp 8/27/08 5:04 PM Page 3
4 03-2332 1000Customer Service :
A Note from PRU
Although the recent down cycle of global economies has shaken the investing public confidence
in investing, we are optimistic that these are the best time to explore new opportunities. We
believe in the old saying that “in times of volatility there are always opportunities” and as fund
managers we are constantly looking out for opportunities and value investments.
After enjoying a “bull run” for the past 10 years, it is aptly normal that the markets will at times
undergo unanticipated turbulence. We truly understand your fear of losing your investments.
However, we strongly encourage you to stay and continue investing unless your investment
objectives have changed. Do remember that investing in unit trusts requires a medium to long-
term commitment and this includes riding out short term volatilities.
At Prudential, we continue to offer viable investment solutions to assist you in dealing with rising
costs and weak markets sentiment around the world. The Prudential Emerging Market Rates Fund,
which made its debut on 20 August 2008, offers investors the opportunity to leverage on higher
interest rates across 18 countries and is an avenue for you to harvest potential gains in this bearish
market.
During the six-month period under review, the PRUglobal basics fund posted a healthy return of
6.55%. For the longer-term since inception, the Fund’s performance was at 17.24%, comfortably
outperforming the benchmark return of 5.53%.
We would like to take this opportunity to thank you for staying with us. With this, we present you
the PRUglobal basics fund Interim Report.
PruGlobal basic IR 2008.qxp 8/27/08 5:04 PM Page 4
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PRUglobal basics fund Interim Report
Customer Service :
Fund Information
PRUglobal basics fund
Feeder/ Growth
The objective of the Fund is to maximise long term capital appreciation byinvesting in another collective investment scheme primarily the M&G GlobalBasics Fund (Target Fund), which invests wholly or mainly in companiesoperating in basic industries [‘primary’ industries (extracting raw materials) and‘secondary’ industries (products and services)] and also in companies that servicethese industries.
FTSE Global Basics Composite Index(obtainable from www.mandg-investments.de)
Incidental, on a best effort basis only
As at 30 June 2008, the size of PRUglobal basics fund stood at 253.241 millionunits.
BREAKDOWN OF UNITHOLDINGS
* exclude units held by the Manager
Name ofFund
FundCategory/Type
FundObjective
FundBenchmark
Fund IncomeDistributionPolicy
BreakdownofUnitholdingsby Size
No. of No. of Units*Unitholdings Unitholders % (‘000) %
5,000 units and below 368 12.05 1,025 0.415,001 to 10,000 units 731 23.93 6,441 2.5510,001 to 50,000 units 1,468 48.05 32,351 12.7950,001 to 500,000 units 461 15.09 54,629 21.60500,001 units and above 27 0.88 158,511 62.65
Total 3,055 100.00 252,957 100.00
Jan‘2008
Feb‘2008
Mar‘2008
Apr‘2008
May‘2008
Jun‘2008
FUND SIZE
0
100
200
300
400
500
Un
its
(Mill
ion
)
PruGlobal basic IR 2008.qxp 8/27/08 5:04 PM Page 5
6 03-2332 1000Customer Service :
Fund Performance
The following information is for the financial period from 17 January 2007 until 31 December 2007.
Category %
Collective investment scheme 97.57 Cash And Liquid Assets 2.43
Total 100.00
Net Asset Value (RM'000) 209,026 Units In Circulation (Units '000) 402,776 Net Asset Value Per Unit (RM) 0.5190Manager's Highest NAV (RM) 0.5503Manager's Lowest NAV (RM) 0.4408Total Return (%)- Capital Growth 10.03- Income Distributions -
Gross Distribution Per Unit (RM) - Net Distribution Per Unit (RM) -Management Expense Ratio (%) 0.64Portfolio Turnover Ratio (times) 0.65
Average Annual ReturnPeriodSince Launch of Fund (17 January 2007) 10.03
The unit price of the Fund may go down as well as up and the past performancefigures shown are not indicative of future performance.
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PRUglobal basics fund Interim Report
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FundPerformanc
Analysis ofFundPerformance
PRUglobal basics fund generated a healthy return for the period under review (1January – 30 June 2008), the Fund gained positive returns of 6.55% (NAV perunit to NAV per unit) for the six-month period, outperformed its benchmarkreturn of -5.89%. The Fund has also achieved a positive return of 17.24% sinceinception, outperformed the benchmark return of 5.53% for the same period.
Source: Lipper Hindsight 5 and and M&G, 30 June 2008Past performance is no indication of the future performance of the Fund.
For the period from 1 January 2008 to 30 June 2008
Income Capital Total Total ReturnReturn (%) Return* (%) Return (%) of Benchmark (%)
0.00 6.55 6.55 (5.89)
* Capital return components:1) Collective Investment Scheme2) Cash and cash equivalents
(10)
(5)
0
5
10
15
20
25
30
(10)
(5)
0
5
10
15
20
25
30
SI %
Ret
urn
PRUglobal basics fund Vs M&G Composite Benchmark
Feb‘2007
Mar‘2007
Apr‘2007
May‘2007
Jun‘2007
Jul‘2007
Aug‘2007
Sep‘2007
Oct‘2007
Nov‘2007
Dec‘2007
Mar‘2008
Apr‘2008
May‘2008
Jun‘2008
Jan‘2008
Feb‘2008
Date
PRUglobal basics fund M&G Composite Benchmark
Manager's Report
PruGlobal basic IR 2008.qxp 8/27/08 5:04 PM Page 7
8 03-2332 1000Customer Service :
No distribution or unit splits were declared for the period under review ended 30June 2008.
The Target Fund continued to invest mainly in companies operating in basic(primary and secondary) industries and those that service these industries. Thesole aim of the Target Fund is long-term capital growth. The focus was onidentifying companies best equipped to benefit from fundamental trends andanomalies. Stocks were selected on a pure bottom-up basis, with no sector, size,country or currency views imposed or reference made to a benchmark index.
Asset Allocation 30 June 2008 31 December 2007 Changes
(%) (%) (%)
Collective Investment Scheme 99 98 1Cash and cash equivalents 1 2 (1)
There have been no significant changes to the asset allocation since the Fund’slast report.
There have been neither significant change to the state of affairs of the Fund norany circumstances that materially affect any interests of the unit holders duringthe period under review (1 January - 30 June 2008).
Distribution/unit splits
InvestmentStrategyDuringPeriod UnderReview
AssetAllocation
State ofAffairs ofthe Fund
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This report is replicated from M&G’sreport which does not contain the marketreport.
REBATES AND SOFTCOMISSIONS
The Manager, our delegates and the Trustee
are not entitled to any rebates or to share in
any commission from any broker in
consideration for direct dealings in the
investments of the Funds. Accordingly, any
rebates and shared commissions are directed
to the account of the relevant Funds.
Notwithstanding the aforesaid, the Manager
may receive goods or services by way of soft
commissions provided always that the goods
or services are of demonstrable benefit to the
Funds and that the execution of a transaction
is consistent with the best execution
standards.
During the period under review, (1 January –
30 June 2008) the Manager and the Trustee
have received soft commissions from
stockbrokers in the form of computer
hardware and software which are incidental
to the investment management of the Fund.
The Manager, our delegates and the Trustee
have not received any rebates or shared any
commissions from any brokers during the
same period under review.
In case of discrepancy between the English and
Bahasa Malaysia/Chinese versions of this report, the
English version shall prevail.
PruGlobal basic IR 2008.qxp 8/27/08 5:04 PM Page 9
10 03-2332 1000Customer Service :
Nota daripada PRU
Walaupun kitaran kejatuhan ekonomi global baru-baru ini telah memberi tamparan kepada
keyakinan awam untuk melabur, kami tetap optimistik bahawa ini merupakan waktu terbaik untuk
menerokai peluang-peluang baru. Kami percaya kata-kata lama bahawa “pada masa pergolakan,
sering wujud peluang-peluang”, dan sebagai pengurus dana, kami sentiasa mencari peluang-
peluang dan nilai pelaburan.
Setelah menikmati “prestasi bul” sepanjang 10 tahun yang lepas, adalah biasa pasaran diikuti
dengan satu pergolakan di luar jangkaan. Kami benar-benar memahami kerisauan anda terhadap
kerugian pelaburan. Namun, kami memang menggalak anda untuk tetap dan terus melabur
melainkan objektif pelaburan anda telah berubah. Diingatkan bahawa melabur dalam unit
amanah memerlukan komitmen jangka sederhana hingga panjang dan tempoh ini merangkumi
pergolakan jangka pendek.
Di Prudential, kami terus menawarkan penyelesaian pelaburan berdaya maju untuk membantu
anda menghadapi kenaikan kos dan kelemahan sentimen pasaran di seluruh dunia. Dana
Prudential Emerging Market Rates, yang dilancarkan pada 20 Ogos 2008, menyediakan para
pelabur peluang pengumpilan dalam kadar faedah yang lebih tinggi melintangi 18 negara dan ia
merupakan satu cara bagi anda meraih peluang keuntungan di pasaran yang lemah ini.
Dalam tempoh enam-bulan di bawah tinjauan, Dana PRUglobal basics telah mencatat pulangan
yang baik, iaitu sebanyak 6.55%. Bagi tempoh yang lebih panjang iaitu sejak dilancarkan, Dana
telah mencatat prestasi sebanyak 17.24%, dengan itu mendahului prestasi penanda arasnya, iaitu
5.53%, dengan nyata sekali.
Kami ingin mengambil kesempatan ini untuk mengucapkan terima kasih kerana anda terus
bersama kami. Dengan ini dilampirkan Laporan Interim Dana PRUglobal basics.
PruGlobal basic IR 2008.qxp 8/27/08 5:04 PM Page 10
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PRUglobal basics fund Interim Report
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Maklumat Dana
Dana PRUglobal basics
Dana Perantara/Pertumbuhan Ekuiti
Objektif Dana ialah untuk memaksimumkan pertumbuhan modal berjangkapanjang dengan melabur dalam satu skim pelaburan kolektif terutamanya DanaM&G Global Basics, yang melabur secara keseluruhan atau terutamanya dalamsyarikat-syarikat yang beroperasi dalam industri-industri asas [industri-industri“utama” (mengeluarkan bahan-bahan mentah) dan industri-industri“sekunder” (produk dan perkhidmatan)] di samping syarikat-syarikat yangmenawarkan perkhidmatan kepada industri-industri tersebut.
FTSE Global Basics Composite Index(diperolehi daripada www.mandg-investments.de)
Sampingan, berdasarkan prestasi Dana.
Setakat 30 Jun 2008, saiz Dana PRUglobal basics berada pada 253.241 juta unit.
HURAIAN PEGANGAN UNIT
* tidak termasuk unit yang dipegang oleh Pengurus
Jumlah Jumlah Unit*Pegangan Unit Pemegang Unit % (‘000) %
5,000 unit ke bawah 368 12.05 1,025 0.415,001 hingga 10,000 unit 731 23.93 6,441 2.5510,001 hingga 50,000 unit 1,468 48.05 32,351 12.7950,001 hingga 500,000 unit 461 15.09 54,629 21.60500,001 unit ke atas 27 0.88 158,511 62.65
Jumlah 3,055 100.00 252,957 100.00
Nama Dana
Kategori/Jenis Dana
ObjektifDana
TandaAras Dana
PolisiPengagihanPendapatanDana
HuraianPeganganUnitMengikutSaiz Dana
Jan‘2008
Feb‘2008
Mac‘2008
Apr‘2008
Mei‘2008
Jun‘2008
SAIZ DANA
0
100
200
300
400
500
Un
it (
Juta
)
PruGlobal basic IR 2008.qxp 8/27/08 5:04 PM Page 11
Customer Service :
Prestasi Dana
Maklumat berikut ialah bagi tempoh kewangan dari 17 Januari 2007 sehingga 31 Disember 2007.
Kategori %
Skim Pelaburan Kolektif 97.57 Tunai dan Aset Cair 2.43
Jumlah 100.00
Nilai Aset Bersih (RM'000) 209,026 Unit Dalam Edaran ('000 Unit) 402,776 Nilai Aset Bersih Seunit (RM) 0.5190NAB Tertinggi bagi Pengurus (RM) 0.5503NAB Terendah bagi Pengurus (RM) 0.4408Jumlah Pulangan (%)- Pertumbuhan Modal 10.03- Agihan Pendapatan -
Agihan Kasar Seunit (RM) - Agihan Bersih Seunit (RM) -Nisbah Perbelanjaan Pengurusan (%) 0.64Nisbah Pusing Ganti Portfolio (kali) 0.65
Purata Pulangan TahunanTempohSejak Dana Dilancarkan (17 Januari 2007) 10.03
Harga unit Dana boleh naik atau turun dan prestasi masa lalu bukanlah petunjukprestasi masa depan.
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03-2332 1000 13
PRUglobal basics fund Interim Report
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Prestasi
Dana
Analisis
Prestasi
Dana
Dana PRUglobal basics telah menjana satu pulangan yang baik bagi tempohtinjauan (1 Januari – 30 Jun 2008), dengan mencatat pulangan positif sebanyak6.55% (pada asas NAB seunit ke NAB seunit) untuk tempoh 6 bulan ini, denganitu mendahului prestasi penanda arasnya yang mencatatkan pulangan sebanyak-5.89%. Dana turut mencatatkan satu pulangan positif sebanyak 17.24% sejakdilancarkan, mendahului pulangan penanda arasnya 5.53% bagi tempoh yangsama.
Sumber: Lipper Hindsight 5 dan M&G, 30 Jun 2008
Prestasi masa lalu Dana ini tidak mencerminkan prestasi masa depannya.
Untuk tempoh bermula 1 Januari sehingga 30 Jun 2008
Pulangan Pulangan Jumlah Jumlah PulanganPendapatan (%) Modal* (%) Pulangan (%) Tanda Aras (%)
0.00 6.55 6.55 (5.89)
* Komponen Pulangan Modal:
1) Skim Pelaburan Kolektif
2) Tunai dan kesetaraan tunai
(10)
(5)
0
5
10
15
20
25
30
(10)
(5)
0
5
10
15
20
25
30
% P
ula
ng
an S
ejak
Dila
nca
rkan
Dana PRUglobal basics berbanding Penanda Aras M&G Composite
Feb‘2007
Mac‘2007
Apr‘2007
Mei‘2007
Jun‘2007
Jul‘2007
Ogos‘2007
Sep‘2007
Okt‘2007
Nov‘2007
Dis‘2007
Mac‘2008
Apr‘2008
Mei‘2008
Jun‘2008
Jan‘2008
Feb‘2008
Tarikh
Dana PRUglobal basics Penanda Aras M&G Composite
Laporan Pengurus
PruGlobal basic IR 2008.qxp 8/27/08 5:04 PM Page 13
14 03-2332 1000Customer Service :
Tiada sebarang agihan dan pecahan unit diisytiharkan dalam tempoh di bawahtinjauan yang berakhir 30 Jun 2008.
Dana Sasaran terus melabur terutamanya dalam syarikat-syarikat yangberoperasi dalam industri asas (utama dan sekunder) dan mereka yangmenyediakan perkhidmatan kepada industri-industri ini. Satu-satunya matlamatDana Sasaran ialah untuk mendapatkan pertumbuhan modal dalam jangkapanjang. Tumpuan diberi dalam mengenal pasti syarikat-syarikat yang bersiapsedia meraih manfaat daripada trend dasar dan luar biasa. Saham dipilihsemata-mata berlandaskan bawah-atas (bottom-up) tanpa tinjauan sektor, saiz,negara atau mata wang, mahupun rujukan kepada satu indeks penanda aras.
Peruntukan Aset 30 Jun 2008 31 Disember 2007 Perubahan(%) (%) (%)
Skim Pelaburan Kolektif 99 98 1Tunai dan kesetaraan tunai 1 2 (1)
Tiada perubahan ketara dalam peruntukan aset sejak laporan yang lepas.
Tiada perubahan ketara terhadap kedudukan hal-ehwal Dana ini mahupunkeadaan yang memberi kesan yang besar kepada sebarang kepentinganpemegang unit sepanjang tempoh dalam tinjauan (1 Januari 2007 – 30 Jun2008).
Pengagihan/Pecahan Unit
StrategiPelaburanSemasaTempoh DiBawahTinjauan
PeruntukanAset
KedudukanHal-EhwalDana
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03-2332 1000 15
PRUglobal basics fund Interim Report
Customer Service :
Laporan ini adalah replikasi daripada
laporan M&G yang mana tidak
mengandungi laporan pasaran.
REBAT DAN KOMISENRINGAN
Pengurus dan Pemegang Amanah tidak
berhak menerima sebarang rebat atau
berkongsi sebarang komisen daripada mana-
mana broker sebagai balasan untuk urus
niaga langsung dalam pelaburan Dana-dana.
Sehubungan itu, sebarang rebat dan komisen
yang dikongsi itu akan dimasukkan ke dalam
akaun Dana-dana yang berkaitan.
Walau bagaimanapun, Pengurus boleh
menerima barangan atau perkhidmatan
dalam bentuk komisen ringan selagi
barangan dan perkhidmatan itu ternyata
bermanfaat kepada Dana-dana dan
pelaksanaan sesuatu urus niaga itu adalah
selaras dengan piawai pelaksanaan terbaik.
Semasa tempoh di bawah tinjauan (1 Julai
2007 – 30 Jun 2008), pengurus telah
menerima komisen ringan daripada syarikat
broker saham dalam bentuk perisian dan
perkakasan komputer yang berkaitan dengan
pengurusan pelaburan Dana. Pengurus,
delegasi dan Pemegang Amanah kami tidak
menerima sebarang rebat atau berkongsi
sebarang komisen daripada mana-mana
broker sepanjang tempoh yang sama di
bawah tinjauan.
Laporan kewangan ini adalah terjemahan dari versi
Bahasa Inggeris kepada Bahasa Malaysia. Jika
terdapat percanggahan antara versi Bahasa Inggeris
dan terjemahan versi Bahasa Malaysia, maka versi
Bahasa Inggeris akan diterima pakai.
PruGlobal basic IR 2008.qxp 8/27/08 5:04 PM Page 15
16 03-2332 1000Customer Service :
“ ”
10
2008 8
20 18
6 6.55%
17.24% 5.53%
PruGlobal basic IR 2008.qxp 8/27/08 5:04 PM Page 16
03-2332 1000 17
PRUglobal basics fund Interim Report
Customer Service :
/
M&G
[ ]
( www.mandg-investments.de)
2008 6 30 , 2 5 3 24 1
5,000 368 12.05 1,025 0.415,001 10,000 731 23.93 6,441 2.5510,001 50,000 1,468 48.05 32,351 12.7950,001 500,000 416 15.09 54,629 21.60500,001 27 0.88 158,511 62.65
3,055 100.00 252,957 100.00
% (‘000) %*
0
100
200
300
400
500
2008年1月
2008年2月
2008年3月
2008年4月
2008年5月
2008年6月
PruGlobal basic IR 2008.qxp 8/27/08 5:04 PM Page 17
18 03-2332 1000Customer Service :
2007 1 17 2007 12 31
%
97.57 2.43
100.00
(RM'000) 209,026 ('000) 402,776
(RM) 0.5190 (RM) 0.5503 (RM) 0.4408
(%)
- 10.03 - -
(RM) - (RM) - (%) 0.64
0.65
(2007 1 17 ) 10.03
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PRUglobal basics fund Interim Report
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2008 1 1 2008 6 30
(%) (%) (%) (%)
0.00 6.55 6.55 (5.89)
* :1) 2)
2008 1 1 -6 30 – 6
6.55%
-5.89% 17.24% 5.53%
: Lipper Hindsight 5 M&G, 2008 6 30
(10)
(5)
0
5
10
15
20
25
30
(10)
(5)
0
5
10
15
20
25
30
072
073
074
075
076
077
078
079
0711
0712
081
082
0710
083
084
085
086
PruGlobal basic IR 2008.qxp 8/27/08 5:04 PM Page 19
20 03-2332 1000Customer Service :
(%) (%) (%)
99 98 1
1 2 (1)
2008 6 30 2007 12 31
2008 1 1 2008 6 30
2008 6 30
PruGlobal basic IR 2008.qxp 8/27/08 5:04 PM Page 20
03-2332 1000 21
PRUglobal basics fund Interim Report
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Prudential Fixed Maturity Fund Interim Report
,
2007 7 1 2008 6 30
M&GM&G
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22 03-2332 1000Customer Service :
STATEMENT BY THE MANAGER
We, Dato’ Tharmaratnam s/o Kanagaratnam and Mark Toh Chin Hian, two of the Directors of
Prudential Global Basics Fund, do hereby state that, in the opinion of the Manager, the financial
statements set out on pages 24 to 47 are drawn up in accordance with the provisions of the Deed
and give a true and fair view of the state of affairs of the Fund as at 30 June 2008 and of its results,
changes in net assets attributable to unitholders and cash flows of the Fund for the six months
financial period ended on that date in accordance with the Financial Reporting Standards, the
MASB Approved Accounting Standards in Malaysia for Entities Other than Private Entities and the
Securities Commission’s Guidelines on Unit Trust Funds.
For and on behalf of the Manager,
PRUDENTIAL FUND MANAGEMENT BERHAD
DATO’ THARMARATNAM S/O KANAGARATNAM
DIRECTOR
MARK TOH CHIN HIAN
DIRECTOR
Kuala Lumpur
Date: 25 August 2008
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PRUglobal basics fund Interim Report
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TRUSTEE’S REPORT TO THE UNITHOLDERS OFPRUDENTIAL GLOBAL BASICS FUND
We have acted as Trustee of Prudential Global Basics Fund (the “Fund”) for the six months
financial period ended 30 June 2008. To the best of our knowledge, Prudential Fund
Management Berhad, the Manager, has managed the Fund in accordance with the limitations
imposed on the investment powers of the management company and the trustee under the Deed,
other provisions of the Deed, the Securities Commission Act 1993, the applicable Guidelines on
Unit Trust Funds and other applicable laws during the financial period then ended.
We have also ensured the following:
(a) the procedures and processes employed by Prudential Fund Management Berhad to value
and/or price the units of the Fund are adequate and that such valuation/pricing is carried out
in accordance with the Deed of the Fund and relevant regulatory requirements; and
(b) the creation and release of units have been carried out in accordance with the Deed and
relevant regulatory requirements.
For HSBC (Malaysia) Trustee Berhad
(Company No.: 001281-T)
WONG YOON LING
CO-HEAD, UNIT TRUST
Kuala Lumpur
Date: 25 August 2008
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24 03-2332 1000Customer Service :
UNAUDITED INCOME STATEMENT
FOR THE SIX MONTHS FINANCIAL PERIOD ENDED 30 JUNE 2008
Financial Financial period from period from
01.01.2008 17.01.2007to to
30.06.2008 30.06.2007Note RM RM
INVESTMENT INCOME
Interest income from deposit with licensed financial institutions 40,100 302,973
Net realised gains on sales of investment 4,361,098 36,029Net realised gain/(losses) on
foreign currency exchange 4 10,898,158 (208,025) Net unrealised gain on foreign currency exchange - 3,149,972
15,299,356 3,280,949EXPENSES
Management fee 5 460,696 519,095Trustee’s fee 6 62,549 54,758Auditors’ remuneration 2,983 2,742Tax agent’s fee 1,392 1,323Administrative expenses 12,346 2,940
539,966 580,858
NET INCOME BEFORE TAXATION 14,759,390 2,700,091
TAXATION 7 - -
INCREASE IN NET ASSETS ATTRIBUTABLETO UNITHOLDERS 14,759,390 2,700,091
Net income after taxation is made up of the following:
Realised amount 10,332,780 2,700,091Unrealised amount 4,426,610 -
14,759,390 2,700,091
The accompanying summary of significant accounting policies and notes to the financial statements form anintegral part of these financial statements.
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PRUglobal basics fund Interim Report
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UNAUDITED STATEMENT OF ASSETS ANDLIABILITIESAS AT 30 JUNE 2008
2008 2007Note RM RM
INVESTMENT
Collective investment scheme – foreign 8 138,041,931 210,254,156
138,041,931 210,254,156
OTHER ASSETS
Receivables 9 314,377 2,331,352Bank balance in a licensed bank 7,589,137 2,203,100
7,903,514 4,534,452
TOTAL ASSETS 145,945,445 214,788,608
LIABILITIES
Payables 10 5,911,850 206,363
LIABILITIES (EXCLUDING NET ASSETSATTRIBUTABLE TO UNITHOLDERS) 5,911,850 206,363
NET ASSETS ATTRIBUTABLETO UNITHOLDERS 11 140,033,595 214,582,245
REPRESENTED BY
Fair value of outstanding units 11 140,033,595 214,582,245
NUMBER OF UNITS IN CIRCULATION 11 253,241,000 406,353,000
NET ASSET VALUE PER UNIT 0.5530 0.5281
The accompanying summary of significant accounting policies and notes to the financial statements form anintegral part of these financial statements.
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UNAUDITED STATEMENT OF CHANGES IN NETASSETS ATTRIBUTABLE TO UNITHOLDERSFOR THE FINANCIAL PERIOD ENDED 30 JUNE 2008
Financial Financial period from period from
01.01.2008 17.01.2007to to
to 30.06.2008 30.06.2007Note RM RM
NET ASSETS ATTRIBUTABLE TO UNITHOLDERSAT THE BEGINNING OF THE FINANCIAL PERIOD/DATE OF COMMENCEMENT 209,025,822 -
Movement due to units created and releasedduring the financial period:
Creation of units 11 11,548,284 201,213,292Cancellation of units 11 (91,962,108) (8,692,373)
(80,413,824) (192,520,919)
Net increase in net assets attributable to unitholders during the financial period:
Net income after taxation 14,759,390 2,700,091Net change in fair value reserve (3,337,793) 19,361,235
NET ASSETS ATTRIBUTABLE TOUNITHOLDERS AT THE END OF THEFINANCIAL PERIOD 11 140,033,595 214,582,245
The accompanying summary of significant accounting policies and notes to the financial statements form anintegral part of these financial statements.
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UNAUDITED CASH FLOW STATEMENT
FOR THE SIX MONTHS FINANCIAL PERIOD ENDED 30 JUNE 2008
Financial Financial period from period from
01.01.2008 17.01.2007to to
30.06.2008 to 30.06.2007Note RM RM
CASH FLOW FROM INVESTING ANDOPERATING ACTIVITIES
Proceeds from sales of investments 86,311,806 2,432,721Purchases of investments (8,554,495) (190,125,643)Other Income receivedInterest received 40,532 302,578Management fee paid net of rebates (418,025) (428,256)Trustee’s fee paid (56,064) (31,214)Payment for other fees and expenses (12,345) (2,940)Net realised foreign exchange gain/( losses) 77,515 (222,022)Net cash generated from/(used in)
investing and operating activities 77,388,924 (188,074,776)
CASH FLOW FROM FINANCING ACTIVITIES
Proceeds from units created 11,705,604 198,882,335Payments for release of units (86,219,372) (8,604,459)
Net cash (used in)/generated fromfinancing activities (74,513,768) 190,277,876
NET INCREASE IN CASH AND CASH EQUIVALENTS 2,875,156 2,203,100
CASH AND CASH EQUIVALENTS AT THEBEGINNING OF THE FINANCIAL PERIOD 4,713,981 -
CASH AND CASH EQUIVALENTS AT THEEND OF THE FINANCIAL PERIOD 7,589,137 2,203,100
Cash and cash equivalents comprise:Bank balance in a licensed bank 7,589,137 2,203,100
The accompanying summary of significant accounting policies and notes to the financial statements form anintegral part of these financial statements.
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The following accounting policies have beenused in dealing with items which are consideredmaterial in relation to the financial statements.
A BASIS OF PREPARATION OF THEFINANCIAL STATEMENTS
The financial statements of the Fund havebeen prepared under the historical costconvention, unless otherwise indicated, inaccordance with the Deeds, the FinancialReporting Standards (“FRS”), and theSecurities Commission’s (“SC”) Guidelineson Unit Trust Funds.
Standards and amendments topublished standards and interpretationsthat are effective.
The amendments to published standardseffective for the Fund’s financial periodbeginning on or after 1 July 2007 are asfollows:
FRS 124 Related Party Disclosure
All changes in accounting policies havebeen made in accordance with thetransitional provisions in the respectivestandard. The new standard adopted bythe fund has been apply retrospectively.
The adoption of the new standard did nothave a material impact on the financialstatements of the Fund.
The new standard that has been issuedand effective for accounting periodbegining on or after 1 January 2010 is:
FRS 139 Financial Instruments:Recognition and measurement (effectivedate of which has yet to be determined byMASB). The new standard establishesprinciples for recognising and measuringfinancial assets, financial liabilities andsome contracts to buy and sell non-financial items. Hedge accounting ispermitted only under strict circumstances.The Fund will apply this standards wheneffective.
B INCOME RECOGNITION
Interest income from short term depositsis recognised on the accrual basis.
Dividend income from the UnderlyingFund is recognised on the ex-dividenddate.
Realised gains and losses on sales of listedinvestments are accounted for as thedifference between the net disposalproceeds and the carrying amount ofinvestments, determined on a weightedaverage cost basis for equities.
SUMMARY OF SIGNIFICANT ACCOUNTINGPOLICIESFOR THE SIX MONTHS FINANCIAL PERIOD ENDED 30 JUNE 2008
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C TAXATION
Current tax expense is determined
according to the Malaysian tax laws of the
jurisdiction in which the Fund operates
and includes all taxes based upon the
taxable profits. Dividend income from
foreign quoted investments is based on
the tax regime of the respective countries
that the Fund invested in.
D PRESENTATION AND FUNCTIONAL
CURRENCY
The financial statements are presented in
Ringgit Malaysia, which is the Fund’s
presentation and functional currency.
E INVESTMENTS
Investments are initially recorded at cost,
which include transaction costs, and
subsequently revalued to their fair values
as at the date of the statement of assets
and liabilities.
Valuation of the Underlying Fund shall be
based at the most recent price if a single
price for buying and selling units is
quoted. If separate buying and selling
prices are quoted, valuation shall be at the
average of the two prices provided the
buying price has been reduced by any
initial charge included therein and the
selling prices excludes any exit or
redemption charge attributable thereto. If
in the opinion of the fund manager of
M&G Global Basics Fund, the price
obtained is unreliable or no recent traded
price is available or no recent price exists,
valuation shall be at a value which, in the
opinion of the said fund manager, is fair
and reasonable.
Unrealised gains or losses are transferred
to the fair value reserve included in the
net assets attributable to unitholders and
are not distributable.
F FOREIGN CURRENCY TRANSLATION
Foreign currency transactions in the Fund
are translated into the functional currency
using the exchange rates prevailing at the
transaction dates. Foreign exchange gains
and losses resulting from the settlement
of such transactions and from the
translation at year-end exchange rates of
monetary assets and liabilities
denominated in foreign currencies are
recognised in the income statement.
The principal closing rates used in the
translation of foreign currencies were as
follows:
Foreign currency 2008 2007
RM RM
1 EURO Dollar 5.1440 4.6716
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G CASH AND CASH EQUIVALENTS
For the purpose of the cash flowstatement, cash and cash equivalentscomprise cash and bank balances anddeposits that are readily convertible toknown amounts of cash and which aresubject to an insignificant risk of changesin value.
H CREATION AND CANCELLATION OFUNITS
The Fund issues cancellable units, whichare cancelled at the unitholder’s optionand are classified as financial liability.Cancellable units can be put back to theFund at any time for cash equal to aproportionate share of the Fund’s netasset value. The outstanding units iscarried at the redemption amount that ispayable at the balance sheet date if theholder exercises the right to put the unitback to the Fund.
Units are created and cancelled at theholder’s option at prices based on theFund’s net asset value per unit at the timeof creation or cancellation. The Fund’s netasset value is calculated by dividing thenet assets attributable to unitholders withthe total number of outstanding units. Inaccordance with the SC Guidelines onUnit Trust Funds, investment positions arevalued based on the last traded marketprice for the purpose of determining the
net asset value per unit for creations andcancellations.
I PROCEEDS AND PAYMENTS ONCREATION AND CANCELLATION OFUNITS
The net asset value per unit is computedfor each dealing day. The price at whichunits are created or cancelled is calculatedby reference to the net asset value perunit as at the close of business on therelevant dealing day. Units in the Fundare classified as financial liability in thestatement of net assets and liabilities andare stated at fair value representating theprice at which unitholders can redeem theunits from the Fund.
J SEGMENTAL INFORMATION
A business segment is a group of assetsand operations engaged in providingproducts or services that are subject torisks and returns that are different fromthose of other business segments. Ageographical segment is engaged inproviding products or services within aparticular economic environment that aresubject to risks and returns that aredifferent from those of segmentsoperating in other economicenvironments. In the opinion of theManager, all activities of the Fund are inthe single business of investment activities
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conducted mainly in England and Wales.Consequently, no segmental reporting isprovided in the Fund’s financialstatements.
K FINANCIAL INSTRUMENTS
Financial instruments comprise financialassets and financial liabilities. Fair value isthe amount at which a financial assetcould be exchanged or a financial liabilitysettled, between knowledgeable andwilling parties in an arm’s lengthtransaction. The information presentedherein represents the estimates of fairvalues as at the statement of assets andliabilities date.
Where available, quoted and observablemarket prices are used as the measure offair values. Where such quoted andobservable market prices are notavailable, fair values are estimated basedon a range of methodologies andassumptions regarding risk characteristicsof various financial instruments, discountrates, estimates of future cash flows andother factors. Changes in theuncertainties and assumptions couldmaterially affect these estimates and theresulting fair value estimates.
A range of methodologies andassumptions had been used in derivingthe fair values of the Fund’s financial
instruments as at the statement of assetsand liabilities date. The total fair value ofeach financial instrument is not materiallydifferent from the total carrying value.
The fair values are based on the followingmethodologies and assumptions:
(a) Short term deposits
For deposits and placements withfinancial institutions with maturities ofless than three months, the carryingvalue is a reasonable estimate of fairvalue. For deposits and placementswith maturities three months andabove, estimated fair value is based ondiscounted cash flows using prevailingmoney market interest rates at whichsimilar deposits and placements wouldbe made with financial institutions ofsimilar credit risk and remaining periodto maturity.
(b) Collective investment scheme
The valuation of each unit or share inany collective investment scheme willbe based on the last published NAVper unit or share of such collectiveinvestment scheme or, if unavailable,on the average of the last publishedbuying price and the last publishedselling price of such unit or share(excluding any sales charge included insuch selling price).
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(c) Other short term financial instruments
Other short term financial instrumentscomprise interest receivable, dividendsreceivable, receivables, payables andaccruals.
The carrying value of these assets andliabilities are assumed to approximatetheir fair value due to short tenure ofless than one year.
L CRITICAL ACCOUNTING ESTIMATESAND JUDGEMENTS
The preparation of financial statements inconformity with the Financial ReportingStandards and the SC Guidelines on UnitTrust Funds requires the use of estimatesand assumptions that affect the reportedamounts of assets and liabilities at thedate of the financial statements and thereported amounts of revenues andexpenses during the financial period.Although these estimates are based onthe Manager’s best knowledge of currentevents and actions, actual results coulddiffer from those estimates.
Estimates and judgments are continuallyevaluated by the Manager and the Trusteeand are based on historical experienceand other factors, including expectationsof future events that are believed to bereasonable under the circumstances.
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1 INFORMATION ON THE FUND
Prudential Global Basics Fund (“theFund”) was constituted pursuant to theexecution of a Master Deed (“the Deed”)dated 6 March 2006 between HSBC(Malaysia) Trustees Bhd (“the Trustee”)and Prudential Fund Management Berhad(“the Manager”).
The Fund commenced operations on 17January 2007 and will continue itsoperations until terminated by the Trusteeas provided under Part 12 of the Deed.
The main objective of the Fund is to seekto maximise long term total return (thecombination of income and growth ofcapital) by investing in a collectiveinvestment scheme, the M&G GlobalBasics Fund (“ the Underlying Fund’),which in turn invests in a wide range ofglobal equities that are considered to beleading in their field.
All investments will be subject to the SCGuidelines, the SC requirements, theDeed, except where exemptions orvariations have been approved by the SC,internal policies and procedures and theFund’s objective.
The Manager is a company incorporatedin Malaysia and is related to PrudentialPlc., a public listed company in the UnitedKingdom. The principal activity of theManager is the establishment,management and distribution of unittrust funds.
2 FINANCIAL RISK MANAGEMENTOBJECTIVES AND POLICIES
The Fund is exposed to a variety of risks
which include market risk, single security
risk, foreign exchange/currency risk,
country risk, liquidity risk, interest rate risk
and credit risk.
Financial risk management is carried out
through internal control processes
adopted by the Manager and adherence
to the investment restrictions as stipulated
by the SC Guidelines on Unit Trust Funds.
Market Risk
This risk refers to changes and
developments in regulations, politics and
the economy of the country. The very
nature of a unit trust fund, however,
helps mitigate this risk. The Underlying
Fund that is the M&G Global Basics Fund
would generally hold a well-diversified
portfolio of securities from different
market sectors that the collapse of any
one security or any one market sector
would not impact too greatly on the
value of the M&G Global Basics Fund.
Single Security Risk
The fund essentially invests in a single
security, which is the M&G Global Basics
Fund. The feeder fund mitigates single
securities risk by investing in a diversified
portfolio of equities.
NOTES TO THE UNAUDITED FINANCIALSTATEMENTSFOR THE SIX MONTHS FINANCIAL PERIOD ENDED 30 JUNE 2008
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This risk is associated with a feeder fund
that essentially invests in a single security,
which is the M&G Global Basics Fund in
this case. The M&G Global Basics Fund,
by investing in a diversified portfolio of
equities helps to mitigate this single
security risk.
Foreign Exchange/Currency Risk
As the Underlying Fund, M&G Global
Basics Fund may invest its assets in
securities denominated in a wide range of
currencies other than Ringgit Malaysia,
the NAV of the M&G Global Basics Fund
expressed in Euro may be affected
favourably or unfavourably by exchange
control regulations or changes in the
exchange rates between Euro and such
other currencies. This risk is minimized
through investing in a wide range of
foreign currencies denominated assets
and thus, diversifying the risk of single
currency exposure. It also minimizes the
foreign exchange/currency risk between
Ringgit Malaysia (the Fund) and Euro (the
M&G Global Basics Fund).
In the normal course of investment, the
M&G Global Basics Fund will usually not
hedge foreign currency exposure. The
M&G Global Basics Fund may however
depending on prevailing market
circumstances at a particular point in
time, choose to use forward or option
contracts for hedging and risk reduction
purposes. Similarly, the Fund shall not
hedge foreign currency exposure.
Country Risk
The NAV of the M&G Global Basics Fund
may be affected by uncertainties such as
currency fluctuations, international
political developments, restrictions on
foreign investment and currency
repatriation, changes in governmental
policies, changes in taxation and other
developments in the laws and regulations
of countries in which investment may be
made. In addition, the reduced availability
of public information, the legal
infrastructure and the lack of uniform
accounting, auditing and financial
reporting standards or other regulatory
practices and requirements may reduce
the degree of investor protection
afforded. Some of the securities may also
be subjected to government taxes or
incur higher custodian expenses which
may reduce the yield on such securities.
Investing into various markets will
however mitigate the country risk of the
portfolio.
Liquidity Risk
The Fund maintains sufficient level of
liquid assets, after consultation with the
Trustee, to meet anticipated payments
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and cancellations of units by unitholders.
Liquid assets comprise cash, deposits with
licensed financial institutions and other
instruments which are capable of being
converted into cash within 7 days. The
Fund has a policy of maintaining a
minimum level of one percent (1%) of
liquid assets to reduce the liquidity risk.
Interest Rate Risk
The Fund is exposed to interest rate risk.
To the extent the Fund invests in the
Underlying Fund, it is exposed to the risk
of interest rate changes. If the markets’
interest change, the price of these
securities may be deeply affected and this
applies to a greater degree if the
Underlying Fund holds securities with
high correlation to the interest rates.
Changes in interest rates will affect the
value of the investments and its returns.
To manage the risk, investments will be
concentrated in investment grade issues
by financial institutions and companies
determined by the Manager.
Interest rate risk is a general economic
indicator that will have an impact on the
management of the fund. The reason for
this is because a high level of interest
rates will inevitably affect corporate
profits and this will have an impact on the
value of investments.
As at the date of the statement of assets
and liabilities, the net asset value of the
Fund can be analysed into interest and
non-interest bearing balances, as follows:
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2 FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES (CONTINUED)
Interest Rate Risk (Continued)
1 year but 2 years but 3 years but Up to not more not more not more1 year than 2 years than 3 years than 4 years
RM RM RM RM
As at 30 June 2008
Assets
Collective InvestmentScheme- Foreign - - - -
Bank balance in a licensed bank - - - -
Other receivables - - - -
- - - -
Liability
Other payables and accruals - - - -Amount due to manager - - - -Amount due to trustee - - - -
- - - -
Total interest sensitivity gap - - - -
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4 years but not more More Non-interest
than 5 years than 5 years Bearing TotalRM RM RM RM
As at 30 June 2008
Assets
Collective InvestmentScheme- Foreign - - 138,041,931 138,041,931
Bank balance in a licensed bank - - 7,589,137 7,589,137
Other receivables - - 314,377 314,377
- - 145,945,445 145,945,445
Liability
Other payables and accruals - - (12,975) (12,975)Amount due to manager - - (5,879,850) (5,879,850)Amount due to trustee - - (19,025) (19,025)
- - (5,911,850) (5,911,850)
Total interest sensitivity gap - - 140,033,595
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2 FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES (CONTINUED)
Interest Rate Risk (Continued)
1 year but 2 years but 3 years but Up to not more not more not more1 year than 2 years than 3 years than 4 years
RM RM RM RM
As at 30 June 2007
Assets
Collective InvestmentScheme- Foreign - - - -
Bank balance in a licensed bank - - - -
Amount due from Manager - - - -Other receivables - - - -
- - - -
Liability
Other payables and accruals - - - -Amount due to manager - - - -Amount due to trustee - - - -
- - - -
Total interest sensitivity gap - - - -
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4 years but not more More Non-interest
than 5 years than 5 years Bearing TotalRM RM RM RM
As at 30 June 2007
Assets
Collective InvestmentScheme- Foreign - - 210,254,156 210,254,156
Bank balance in a licensed bank - - 2,203,100 2,203,100
Amount due from Manager - - 2,330,958 2,330,958Other receivables - - 394 394
- - 214,788,608 214,788,608
Liability
Other payables and accruals - - (4,065) (4,065)Amount due to manager - - (178,753) (178,753)Amount due to trustee - - (23,545) (23,545)
- - (206,363) (206,363)
Total interest sensitivity gap - - 214,582,245
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Credit risk
Credit risk refers to the ability of an issuer or a counter party to make timely payments of
interest, principals and proceeds from realisation of investments.
The credit risk arising from placements of deposits in licensed financial institutions is managed
by ensuring that the Fund will only place deposits in reputable licensed financial institutions.
For amount due from stockbrokers, the settlement terms are governed by the relevant rules
and regulations as prescribed by Bursa Securities. The settlement terms of the proceeds from
the creation of units receivable from the Manager are governed by the Securities
Commission’s Guidelines on Unit Trust Funds.
Collective Cash Amount
investment balance and due from Other
scheme deposits brokers assets Total
RM RM RM RM RM
As at 30 June 2008
Trust 138,041,931 - - - 138,041,931
Others - 7,589,137 - 314,377 7,903,514
138,041,931 7,589,137 - 314,377 145,945,445
As at 30 June 2007
Trust 210,254,156 - - - 210,254,156
Others - 2,203,100 - 2,331,352 4,534,452
210,254,156 2,203,100 - 2,331,352 214,788,608
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3 NET ASSETS ATTRIBUTABLE TO UNITHOLDERS
In accordance with the provisions of the Fund’s Deed, quoted investments are stated at thelast traded price on the valuation date for the purpose of determining the net asset value perunit for creations and cancellations and for various fee calculation. Net assets attributable tounitholders represent a liability in the balance sheet, carried at the redemption amount thatwould be payable at the balance sheet date if the unitholder exercised the right to redeemunit of the Fund.
4 NET FOREIGN EXCHANGE GAINS
Financial Financialperiod from period from
01.01.2008 17.01.2007to 30.06.2008 to 30.06.2007
RM RM
Realised foreign exchange gains / (losses) 5,971,683 (208,025)Unrealised foreign exchange gains 4,926,475 3,149,972
10,898,158 2,941,947
5 MANAGEMENT FEE
In accordance with the Deed, the Manager is entitled to a management fee at a rate of
1.80% (2007: 1.80%) per annum on the net asset value of the Fund accrued on a daily basis
for the financial period.
Rebates of management fee relate to the rebate for investing in M&G Global Basics Fund .The
rebates is 1.30% (2007: 1.30%) per annum calculated on net asset value of M&G Global
Basics Fund on a daily basis.
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6 TRUSTEE’S FEE
In accordance with the Deed, the Trustee is entitled to a fee at a rate of 0.07% (2007: 0.07%)
per annum on the net asset value of the Fund accrued on a daily basis for the financial period
subject to a minimum fee of RM18,000 (RM18,000) per annum.
7 TAXATION
Financial Financial period from period from
01.01.2008 17.01.2007to 30.06.2008 to 30.06.2007
RM RM
Current taxation - local - -
The numerical reconciliation between the applicable statutory income tax rate and the
average effective tax rate of the Fund is as follows:
Net income before taxation 14,759,390 2,700,091
Tax at applicable rate of 26% (2007: 27%) 3,837,442 729,025
Tax effect of:
- Income exempt from tax (3,977,833) (885,856
- Expenses not deductible for tax purposes 140,391 156,831
Tax expense - -
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8 COLLECTIVE INVESTMENT SCHEME - FOREIGN
Market valueexpressed as
percentageAggregate Market of value
Name of counter Quantity cost value of FundUnits RM RM %
As at 30 June 2008
M & G Global Basics Fund 1,128,700 119,604,464 138,041,931 98.58
1,128,700 119,604,464 138,041,931 98.58
As at 30 June 2008
M & G Global Basics Fund 1,801,926 187,742,949 210,254,156 97.98
1,801,926 187,742,949 210,254,156 97.98
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9 RECEIVABLES
Financial Financialperiod from period from
01.01.2008 17.01.2007to 30.06.2008 to 30.06.2007
RM RM
Interest receivable - 394Amount due from Manager – creation of units 314,377 2,330,958
314,377 2,331,352
10 PAYABLES
Financial Financialperiod from period from
01.01.2008 17.01.2007to 30.06.2008 to 30.06.2007
RM RM
Amount due to Manager- Release of units 5,742,736 87,915- Management fee 137,114 90,838Amount due to Trustee 19,025 23,545Auditors’ remuneration 8,783 2,742Tax agent’s fee 4,192 1,323
5,911,850 206,363
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11 NUMBER OF UNITS IN CIRCULATION AND NET ASSETS ATTRIBUTABLE TOUNITHOLDERS
Financial Financial period from period from01.01.2008 17.01.2007
to 30.06.2008 to 30.06.2007No. of units RM No. of units RM
At beginning of thefinancial period/date of commencement 402,776,000 209,025,822 - -
Creation of units during the financial period 21,226,171 11,548,284 423,977,000 201,213,292
Release of units during the financial period (170,761,171) (91,962,108) (17,624,000) (8,692,373)
Net increase in net assets attributable to unitholders - 14,759,390 - 2,700,091
Net change in fair value reserve - (3,337,793) - 19,361,235
At end of the financial period 253,241,000 140,033,595 406,353,000 214,582,245
Approved size of Fund 600,000,000 600,000,000
In accordance with the Deed, the Manager may increase the size of the Fund from time totime with the approval of the Trustee and the SC. The maximum number of units that can beissued out for circulation by the Fund is 600,000,000. As at 30 June 2008, the number ofunits not yet issued by the Fund is 346,759,000 (2007: 193,647,000).
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12 TRANSACTIONS WITH BROKERDetails of transactions with the broker are as follows:
PercentagePercentage of total
Value of total Brokerage brokerageof trade trades fees fee
Name of brokers RM % RM %
Financial period ended 30 June 2008M & G International
Investment Limited 94,991,410 100.00 - -
94,991,410 100.00 - -
Financial period ended 30 June 2007M & G International
Investment Limited 192,558,364 100.00 - -
192,558,364 100.00 - -
M&G International Investments Limited is part of the Prudential Group whose ultimateholding company, Prudential Plc is listed on both the London and New York Stock Exchange.
13 UNITS HELD BY THE MANAGER AND PARTIES RELATED TO THE MANAGER
The related parties of and their relationship with the Fund are as follows:
Related parties Relationship
Prudential Fund Management Berhad The Manager
2008 2007 No. of units RM No. of units RM
Prudential Fund Management Berhad 283,900 156,997 412,826 217,317
The above units were transacted at the prevailing market price.
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14 SEGMENT INFORMATION
Segmental information has been provided by virtue of disclosing the investments undertakenby the Fund by industry sector and country as disclosed in Note 8 to the financial statements.
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Corporate Directory
THE MANAGER
NAME
PRUDENTIAL FUND MANAGEMENT BERHAD
COMPANY NO.
531241-U
REGISTERED OFFICE
18th Floor, Wisma Sime Darby
Jalan Raja Laut
50350 Kuala Lumpur
HEAD OFFICE
Level 12, Menara Prudential
10, Jalan Sultan Ismail
50250 Kuala Lumpur
TELEPHONE NO.
03-2052 3388
FAX NO.
03-2170 0399
WEBSITE
www.prudential.com.my
THE TRUSTEE
NAME
HSBC (MALAYSIA) TRUSTEE BERHAD
COMPANY NO.
001281-T
REGISTERED OFFICE/HEAD OFFICESuite 9019th Floor, Wisma Hamzah-Kwong HingNo.1 Leboh Ampang50100 Kuala Lumpur
TELEPHONE NO.
03 - 2074 3200
FAX NO
03 - 2078 0145
THE TRUSTEE'S DELEGATE (Local)NAME
THE HONGKONG AND SHANGHAI BANKING
CORPORATION LIMITED (as Custodian)
and assets held through
HSBC NOMINEES (TEMPATAN) SDN BHD
COMPANY NO.
258854-D
REGISTERED OFFICE/HEAD OFFICE
No. 2 Leboh Ampang
50100 Kuala Lumpur
TELEPHONE NO.
03 - 2070 0744
FAX NO.
03 - 2070 6944
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Customer Service :
THE TRUSTEE'S DELEGATE (Foreign)NAMEHSBC INSTITUTIONAL TRUST SERVICES (ASIA)LIMITED
REGISTERED OFFICE/HEAD OFFICE6th Floor, Tower OneHSBC Centre1 Sham Mong Road Kowloon, Hong Kong
TELEPHONE NO.852 – 2533 6333
FAX NO.852 – 2533 6120
BOARD OF DIRECTORS
1. Dato' Tharmaratnam a/l Kanagaratnam
(independent)
2. Ho Yik (independent)
3. Tan Sri Datuk Abdul Rahim bin Haji Din
(non-independent)
4. Mark Toh Chin Hian (non-independent)
5. Julian Christopher Vivian Pull
(non-independent)
INVESTMENT COMMITTEE
1. Ho Yik (independent)
2. Robert Yap Yen Choon (independent)
3. Mark Toh Chin Hian (non-independent)
4. Tan Sri Datuk Abdul Rahim bin Haji Din
(non-independent)
AUDIT & COMPLIANCE COMMITTEE
1. Dato' Tharmaratnam a/l Kanagaratnam
(independent)
2. Ho Yik (independent)
COMPANY SECRETARIES
NAMES
JENNIFER CHEONG NGEI FAAN (BC/C/049)
ADDRESS
RDL Corporate Services Sdn Bhd
18th Floor, Wisma Sime Darby
Jalan Raja Laut
50350 Kuala Lumpur
TELEPHONE NO.
03 - 2694 9999
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50 03-2332 1000Customer Service :
OUR AUDITORS & REPORTING
ACCOUNTANTS
NAME
KPMG
ADDRESS
Wisma KPMG
Jalan Dungun, Damansara Heights
50490 Kuala Lumpur
TELEPHONE NO.
03 - 2095 3388
AUDITORS & REPORTING ACCOUNTANTS
FOR THE FUND
NAME
PRICEWATERHOUSECOOPERS
ADDRESS
Level 10, 1 Sentral
Jalan Travers
Kuala Lumpur Sentral
P.O. Box 10192
50706 Kuala Lumpur
TELEPHONE NO.
03-2173 1188
TAXATION ADVISER FOR THE FUND
NAME
PRICEWATERHOUSECOOPERS TAXATION
SERVICES SDN BHD
ADDRESS
Level 10, 1 Sentral
Jalan Travers
Kuala Lumpur Sentral
P.O. Box 10192
50706 Kuala Lumpur
TELEPHONE NO.
03-2173 1188
SOLICITORS
NAME
RAJA, DARRYL & LOH
ADDRESS
18th Floor, Wisma Sime Darby
Jalan Raja Laut
50350 Kuala Lumpur
TELEPHONE NO.
03 - 2694 9999
PRINCIPAL BANKERS
NAME
MALAYAN BANKING BERHAD
ADDRESS
100, Jalan Tun Perak
50050 Kuala Lumpur
TELEPHONE NO.
03 - 2070 8833
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Customer Service :
NAME
STANDARD CHARTERED BANK
MALAYSIA BERHAD
ADDRESS
No. 2, Jalan Ampang
50450 Kuala Lumpur
TELEPHONE NO.
03 - 2074 4309
NAME
HSBC BANK MALAYSIA BERHAD
ADDRESS
No. 2, Leboh Ampang
50100 Kuala Lumpur
TELEPHONE NO.
03 - 2070 0744
SALE & PURCHASE OF UNITS
NAME
PRUDENTIAL FUND MANAGEMENT BERHAD
ADDRESS
Level 12 Menara Prudential
10 Jalan Sultan Ismail
50250 Kuala Lumpur
TELEPHONE NO.
03-2052 3388
FAX NO.
03-2070 6129
BRANCHES
Bandar Sri Damansara
No. 9-2, Jalan Damar SD 15/1
Bandar Sri Damansara
52200 Kuala Lumpur
TELEPHONE NO.
03 - 6279 5888
Kota Kinabalu
Suite E3, 9th Floor
CPS Tower, Centre Point Sabah
No. 1 Jalan Centre Point
88000 Kota Kinabalu, Sabah
TELEPHONE NO.
088 - 238 613
ENQUIRIES
CUSTOMER SERVICE
03 – 2332 1000
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Prudential Fund Management Berhad (531241-U) Level 12, Menara Prudential, 10 Jalan Sultan Ismail, 50250 Kuala Lumpur.
General Tel No.: 03-2052 3388 General Fax No.: 03-2070 6129 Customer Service: 603-2332 1000 Customer Service Fax No.: 603-2026 5577
Email: [email protected]
website: www.prudential.com.my