PRUlink FUNDS - Prudential Malaysia

PRUlink FUNDSReport And Statement Of The ManagerFor The Year Ended 31 December 2010Laporan Dan Penyata PengurusBagi Tahun Berakhir 31 Disember 2010I EQUITY FUNDI BOND FUNDI MANAGED FUNDI MANAGED FUND III GOLDEN EQUITY FUNDI GOLDEN BOND FUNDI DANA UNGGULI DANA AMANI DANA URUSI DANA URUS III ASIA MANAGED FUNDI ASIA PROPERTY SECURITIES FUNDI ASIA LOCAL BOND FUNDI GLOBAL MARKET NAVIGATOR FUNDI DRAGON PEACOCK FUNDI EDUCATION EQUITY FUNDI EDUCATION BOND FUNDI ASIA EQUITY FUNDI MYOPTIMIZER FUNDI GUARANTEED ACCOUNT

ForewordLove is always listening, always understanding.At Prudential, this simple belief lays the foundation forall we do. Every financial solution that we provide is theresult of time spent listening to and understanding theneeds and concerns of our customers. Just as you listento your child with loving patience, it is good to know thatPrudential is always by your side – ready to listen to yourprotection, savings and financial needs, and with a wealthof experience to understand what you seek.As your preferred insurer, we promise we will always staytrue to this conviction and work hard to help you secureyour financial future. Truly, that is love in action.PendahuluanSentiasa mendengar, sentiasa memahami. Inilah ertikasih sayang.Di Prudential, kepercayaan ini turut menjadi pegangandalam kesemua usaha kami. Setiap penyelesaian kewanganyang kami tawarkan adalah hasil daripada masa yang kamilaburkan untuk mendengar dan memahami keperluandan keutamaan para pelanggan kami. Sebagaimana andamendengar suara hati anak anda dengan penuh kasihsayang dan kesabaran, begitu jugalah janji kami kepadaanda. Berbekalkan pengalaman kami yang luas, Prudentialakan sentiasa berada di sisi anda untuk mendengar danmemahami setiap keperluan perlindungan, simpanan dankewangan anda.Sebagai syarikat insurans pilihan anda, kami berjanji akanberpegang kepada kepercayaan ini dan berusaha ke arahmenjamin masa depan kewangan anda. Inilah kasih sayangsejati.

Contents / KandunganCEO’s Message 1Fund Objectives 3Investment Review 5Fund Performance 7Investment Outlook 9Financial Highlights 11Statement of Assets and Liabilities 62Statement of Changes in Net Asset Value 83Statement of Income and Expenditure 93Notes to the Financial Statements 113Perutusan Ketua Pegawai Eksekutif 115Objektif Dana 117Tinjauan Pelaburan 119Prestasi Dana 121Tinjauan Masa Depan Pelaburan 123Sorotan Kewangan 126Penyata Aset dan Liabiliti 177Penyata Perubahan dalam Nilai Aset Bersih 198Penyata Pendapatan dan Perbelanjaan 208Nota pada Penyata Kewangan 228This report contains the Bahasa Malaysia translation of the text used. In the event of any conflict of interpretation between the English and Bahasa Malaysia text, the English version shall prevail.Laporan ini mengandungi penterjemahan Bahasa Malaysia. Sekiranya terdapat ketidakselarian antara text Bahasa Inggeris dengan Bahasa Malaysia, versi Bahasa Inggeris akan diutamakan.PRUlink Funds 2

Ceo’s MessageDear Valued Policyholder,2010 was an extraordinary year for Prudential AssuranceMalaysia. I am proud to inform our valued customers thatPrudential is the first life insurance company in Malaysia toexceed RM1 billion in new business sales.For the financial year ended 31 December 2010, Prudential’stotal new business Annual Premium Equivalent (or APE)sales – combined Life insurance and Family Takaful 1 – grew24% to RM1.021 billion, from year 2009.We would like to recognise and thank our Wealth Planners,agents, Quality Leaders, bancassurance partners and stafffor achieving a new milestone in Prudential’s 87-year historyin Malaysia. And to all our customers, please accept oursincerest gratitude for your continued trust and confidencein Prudential. From the bottom of our hearts, Thanks aBillion! We are truly honoured to have the opportunity toserve your financial and protection needs.As your preferred insurer, we remain absolutely committedto nurturing and strengthening our relationship with you,your family and loved ones. We continue to invest inrecruiting, developing and retaining staff and managerswhose mission is to make it easy and convenient for youto do business with Prudential. Our Wealth Planners andagents go through systematic training and development toensure their continued professional growth - as a trustedadvisor who will be there for you to help you find the rightsolutions to your changing life stage needs.We continue to listen in order to understand your needs andcome up with innovative products. PRUmy child, which weintroduced in March 2010, is a great example of “AlwaysListening, Always Understanding”. By listening to theinnermost concerns of both parents and expectant parents,we have made it possible for them to start protecting theirchild even before birth – a first in Malaysia to offer suchprotection. Besides standard lifetime protection, this planalso provides a growing education fund with guaranteedpayouts and potential higher returns to help parents meetthe child’s future educational expenses. Since its debut,PRUmy child has grown to become one of our most popularproducts. It was an important driver to our company’s newbusiness growth last year.We started upgrading and expanding our branch networkacross Malaysia in 2010 and will continue this work in 2011.I think you’ll agree, technology is becoming a necessity inlife. Exploring ways to leverage technology to serve youbetter is top priority for Prudential.1Takaful products distributed by Prudential Assurance Malaysia’s agency distribution are underwritten by Prudential BSN Takaful Berhad, which is a joint venturebetween Prudential and Bank Simpanan Nasional.PRUlink Funds 1

As we have experienced in the past, the global, regionaland local economic and financial conditions can change.At Prudential there is one thing that will never change -our responsibility to make sure the company remains viableand financially strong for many years to come. You haveentrusted us with the enormous responsibility of securingyour financial future; we owe it to you to ensure that ourbusiness continues to be strong so that we can be there foryou when the unexpected happens – be it critical illness,disability or death of a breadwinner.2010 PRUlink Funds PerformanceIn addition to managing our business prudently, we also takegreat care in nurturing the growth of your investments withus. Our investment philosophy to always create value forour policyholders over the long term has once again provenbeneficial, with majority of our PRUlink funds (investmentlinkedfunds) posting positive returns for the year 2010.For instance, our local equity fund – PRUlink equity fund,which was first incepted in July 1997 – recorded a returnof 21.34% for the year under review. Its Net Asset Value asat 31 December 2010 increased to RM3.189 per unit fromRM2.628 recorded at the end of 2009.In 2010, we added five new funds to our existing portfolio,which allowed us to offer our policyholders more optionsto grow their money that were consistent with their riskappetite, investment goals and time horizon. These fundswere PRUlink dragon peacock fund, PRUlink education equityfund, PRUlink education bond fund, PRUlink asia equityfund and PRUlink MyOptimizer fund. All of them, with theexception of PRUlink MyOptimizer fund which was onlyincepted on 30 December, had performed well during theyear.Your investment-linked insurance policy is intended to meetyour long-term financial goals and protect your family’sfinancial future. We understand that your situation in lifeand your corresponding needs may change along the way.Our investment-linked insurance plans provide you with theoption of directing your premium or fund value to a choiceof different PRUlink funds at any time during the term ofyour policy via our fund switching facility. The first fourswitches within the same year are free.For full details of all our PRUlink funds and their individualperformances, kindly turn to page 7 of this report. If you haveany questions regarding your investments, please do nothesitate to call on your Prudential Wealth Planner or agent.You may also contact our Customer Service Representativesat 03-2116 0228, or send your queries to customer.mys@prudential.com.my. We will be pleased to assist you.To conclude, I want to thank you once again for givingPrudential the opportunity to serve your financial andinsurance needs. We appreciate your kind support and lookforward to serving you well into the future.Best wishes for a prosperous, healthy and peaceful yearahead.Yours sincerely,Charlie E. Oropeza CLU, ChFC, CPCUChief Executive OfficerPrudential Assurance Malaysia BerhadPRUlink Funds 2

Fund ObjectivesPRUlink equity fund aims to maximise returns over mediumto long term by investing in high quality shares listed on theKuala Lumpur Stock Exchange.PRUlink bond fund (formerly known as PRUlink fixed interestfund) aims to provide medium to long term accumulationof capital by investing in selected fixed interest securities,corporate bonds and fixed deposits.PRUlink managed fund / PRUlink managed fund II seek tomaximise returns over medium to long term by investing inshares and fixed interest securities through PRUlink equityfund and PRUlink bond fund and in any other PRUlink fundsthat may become available in the future.PRUlink golden equity fund aims to maximise returns overmedium to long term, taking into account the need to meetguaranteed payouts. This is achieved by investing in highquality shares listed on the Bursa Malaysia and any otherfinancial instruments to be used for hedging the portfolio.PRUlink golden bond fund aims to provide medium to longterm accumulation of capital, taking into account the needto meet guaranteed payouts. This is achieved by investing inselected fixed interest securities, corporate bonds and fixeddeposits, and any other financial instruments to be used forhedging the portfolio.PRUlink dana unggul (formerly known as PRUlink dana ra’sulmal) aims to maximise returns over medium to long term byinvesting in high quality Syariah-approved shares listed onthe Kuala Lumpur Stock Exchange.PRUlink dana aman (formerly known as PRUlink dana sanad)aims to provide medium to long term accumulation ofcapital by investing in selected Islamic debt securities.PRUlink dana urus (formerly known as PRUlink dana idarah)/ PRUlink dana urus II are actively managed funds that seekto maximise returns over medium to long term. These areachieved by investing in Syariah-approved shares and Islamicdebt securities through PRUlink dana unggul and PRUlinkdana aman and in any other such PRUlink funds that maybecome available in the future.PRUlink asia managed fund aims to maximise returns overmedium to long term through active asset allocation amongdifferent asset classes (equities, fixed income and moneymarket instruments) in the Asia Pacific region ex Japanregion.PRUlink asia property securities fund is an actively managedfund that seeks to maximise income and long-term returns.This is achieved by investing in listed Real Estate InvestmentTrusts (REITs) and property related securities of companies,which are incorporated, listed or have their area of primaryactivity in the Asia Pacific region including Japan, Australiaand New Zealand.PRUlink asia local bond fund is an actively managed fund thataims to maximise total returns through investing in fixedincome or debt securities that are rated as well as unrated.PRUlink global market navigator fund is an actively managedfund that aims to achieve positive absolute returns overthe medium-term through the implementation of anactively managed asset allocation strategy in a diversifiedrange of global assets including cash, equities, bonds andcurrencies.PRUlink dragon peacock fund is a fund that aims to maximiselong-term total return by investing primarily in equity andequity-related instruments of corporations, which areincorporated in, or listed in, or operating principally from,or carrying on significant business in, or derive substantialrevenue from, or whose subsidiaries, related or associatedcorporations derive substantial revenue from the People’sRepublic of China (PRC) and India.At inception, PRUlink dragon peacock fund will invest in asub-fund called International Opportunities Funds – DragonPeacock managed by Prudential Asset Management(Singapore) Limited. The investments of the Sub-Fundinclude, but not limited to, listed securities in the RecognisedMarkets, depository receipts including American DepositoryReceipts (ADRs) and Global Depository Receipts (GDRs),debt securities, convertible into common shares, preferenceshares and warrants. The fund may invest in any other fundsor sub-funds managed by Prudential Asset Management(Singapore) Limited or any other fund managers to bedetermined from time to time.PRUlink Funds 3

PRUlink education equity fund aims to maximise returns overmedium to long term, taking into account the need to meetguaranteed payouts. This is achieved by investing in highquality shares listed on the Bursa Malaysia and any otherfinancial instruments to be used for hedging the portfolio.PRUlink education bond fund aims to provide medium to longterm accumulation of capital, taking into account the needto meet guaranteed payouts. This is achieved by investing inselected fixed interest securities, corporate bonds and fixeddeposits, and any other financial instruments to be used forhedging the portfolio.PRUlink asia equity fund is a fund that aims to maximise longtermtotal return by investing in equity and equity-relatedsecurities of companies, which are incorporated, or havetheir area of primary activity in Asia Pacific ex-Japan. TheAsia Pacific ex-Japan region includes but is not limited to thefollowing countries: Korea, Taiwan, Hong Kong, Philippines,Thailand, Malaysia, Singapore, Indonesia, the People’sRepublic of China (PRC), India, Pakistan, Australia and NewZealand. The fund may also invest in depository receipts[including American Depository Receipts (ADRs) and GlobalDepository Receipts (GDRs)], debt securities convertible intocommon shares, preference shares and warrants.PRUlink MyOptimizer fund is a 5-year close-ended fund withcapital guaranteed at maturity by Prudential AssuranceMalaysia Berhad. The Fund invests into a structured depositwhich provides investors with exposure to (1) Malaysianfixed income securities and (2) multiple asset classes suchas global equities, commodities, bonds and cash-likeinstruments. PRUlink MyOptimizer fund aims to achievehighest risk adjusted returns to provide potential upsides,if any, in the form of yearly performance bonus to investorswhile protecting 100% of the capital at maturity.PRUlink guaranteed account aims to provide 5-year termaccumulation of capital by investing its funds in selectedbonds and / or other fixed income instruments and theequity markets.PRUlink Funds 4

Investment ReviewEquity Market2010 was another strong year. After rebounding 43% in2009, the FBM KLCI gained 18% year-to-date and in theprocess broke many records including its previous high.Domestic factors that stoked the market include thegovernment’s transformation efforts such as the EconomicTransformation Programme (ETP), the New Economic Model(NEM) and the 10th Malaysia Plan (10MP). The market raninto headwinds towards the middle of the year as investorfret over a double-dip recession in Europe and the US. Butforeign funds turned sizeable net buyers in the secondhalf of the year following the waning of double-dip fearsand rising awareness of the stronger growth potential ofemerging markets.2010 started off slow. There were not many catalysts to drivethe local bourse other than the announcement of the NEMat the end of March. Concerns of the Europe debt crisisparticularly in Greece capped any major rallies in the globaland regional equity markets. Malaysia was experiencingforeign funds new outflow from January to May.However global and regional equity markets started to rallystrongly after the sharp April to May sell-off. The FBM KLCIdeclined from the 1,350 levels to bottom at the 1,240 levelduring this period. However, since the May bottom, equitymarkets worldwide have experienced strong rallies. Malaysiastarted to experience foreign funds net inflow from June.On the local front, there were plenty of announcementsfrom the Malaysian governments that got investors excitedabout Malaysia. There was the 10MP announced in Junefollowed by the ETP Open Day in September. This was thenfollowed by Budget 2011 in October. UMNO also had itsGeneral Assembly in October last year. In September, FTSEupgraded Malaysia from secondary emerging market toadvanced emerging markets.Plantation stocks enjoyed a re-rating in October, thanksto higher commodity prices including CPO. Constructionstocks were re-rated on the back of Gamuda’s strong gainsand reappearance in the FBM KLCI. Also, the government’scommitment to pump-prime was reaffirmed many times,for instance, during the release of the 10MP in June, thesoft launch of the ETP in September and the 2011 Budgetin October. Property stocks crept up unsuspectingly asinvestors shrugged off concerns over a cap on the loans-tovalueratio and gave weight to the earnings impact of recordsales in 2010. Newsflow on potential landbanking and landprivatisation projects by the big developers also helped inre-rating the sector.However, by November, the rally from June took a pause. TheFBM KLCI had rallied from 1,243 points at the end of May toreach 1,531 points mid November. Concerns of Ireland fiscalcrisis coupled with tension from North Korea’s attacks sawglobal and regional equity markets also pause from theirrespective rallies. We see this period as a consolidation phasefor global and regional equity markets after the strong Juneto November rally.Bond MarketIn January 2010, Bank Negara Malaysia (BNM) kept theovernight policy rate (OPR) unchanged at 2.0%. Hints ofnormalisation of interest rates led to market speculation onthe timing and quantum of rate hike in the coming MPCmeets. On 4 March 2010, BNM became the first central bankin Asia to hike its benchmark policy rate. It raised the OPR by25 basis points to 2.25%, signalling a start towards interestrate normalisation from the current unprecedented low levelof 2.00% since February 2009. The mid- to long-term tenoryields of sovereign bonds fell, as demand improved on theback of currency play.On 13 May 2010, BNM hiked its benchmark policy ratefor the second time in a year by 25 basis points to 2.50%,aiming to normalise interest rates to prevent financialimbalances from building up. S&P affirmed Malaysia’ssovereign credit rating of A+ (local currency rating) / A-(foreign currency rating) with a stable outlook. The ratingwas premised on the country’s moderately strong externalliquidity position, open economy and the robust ability torefinance government debt. The manageable inflation, thesurging Ringgit and a reaffirmed sovereign credit rating byS&P had spurred interest in the government bonds.PRUlink Funds 5

BNM lifted the OPR by another 25 basis points to 2.75%on 8 July 2010, the third consecutive rise since March-10.Whilst domestic economic activity remained robust in thesecond quarter, BNM cautioned that external developmentsin the international financial and economic environmentmay result in some moderation in the pace of growth.BNM maintained the OPR on 2 September 2010, as theglobal growth momentum moderated due to the continuedweakness in the labour market. In addition, impact ofthe temporary boost to economic activity provided by theinventory build up and the policy stimulus has begun tofade.For the 1-year period under review, the 3-, 5- and 10-yearsovereign bond yields changed by -13bps, -45bps and-25bps to close at 3.11%, 3.34% and 4.00% respectively.The corporate bond market saw the downgrade of debtissuances of Selangor’s water operators. This was due to theuncertainties surrounding the unresolved restructuring of theSelangor’s water industry. Corporate bond yields generallymoved in tandem with sovereign bond yields, albeit at a lag.Activities in the corporate bond market were supported byample liquidity and were dominated by selected names inthe AAA and AA segments.BNM decided to maintain the OPR Rate at 2.75% at theMonetary Policy Committee meet on 12 November 2010.The Monetary Policy Committee considers the currentmonetary policy as appropriate and consistent with the latestassessment of the economic growth and inflation prospects.In the Malaysian Budget 2011, Malaysia’s fiscal deficit wastargeted to narrow to 5.4% of GDP in 2011 (5.6% of GDPin 2010). As such, total gross Government borrowings in2011 are expected to increase from about RM60billion in2010 to an estimated RM90billion. With the release of the2011 sovereign bonds auction calendar which showed alarger number of longer-dated issuances, the longer end ofthe sovereign yield curve is likely to rise.PRUlink Funds 6

Fund PerformancePRUlink equity fundAs at December 2010, the Net Asset Value per unit of thePRUlink equity fund stood at RM3.189 as compared toRM2.628 at the end of 2009. For the period under review,the fund performance of 21.34% underperformed thebenchmark of 21.76%.Since its inception in July 1997, the Fund achieved an overallgain of 219.21% against the benchmark performance of48.52%; thus outperforming the market by 170.69%.PRUlink bond fundAs at 31 December 2010, the Net Asset Value per unit ofthe PRUlink bond fund increased to RM2.437 from RM2.304at the end of 2009, recording a return of 5.74% for theyear.Since its launch on 15 July 1997, the Fund achieved a gainof 143.51%.PRUlink managed fundAs at 31 December 2010, the Net Asset Value per unitof the PRUlink managed fund was RM2.674 compared toRM2.293 at the end of 2009. For the period under review,the PRUlink managed fund reported a return of 16.59%which underperformed the benchmark return of 17.14%.Since its inception on 14 September 1999, the Fund recordeda gain of 167.35%.PRUlink managed fund IIAs at 31 December 2010, the Net Asset Value per unitof the PRUlink managed fund II was RM1.639 comparedto RM1.383 at the end of 2009. For the period underreview, the PRUlink managed fund reported a return of18.50% marginally underperformed the benchmark returnof 18.68%.Since its inception in August 2006, the Fund recorded a gainof 63.89%.PRUlink golden equity fundAs of 31 December 2010, the Net Asset Value per unit ofthe PRUlink golden equity fund was RM1.252 compared toRM1.031 at the end of 2009. For the 1 year performance, thefund registered a return of 21.45% which underperformedthe benchmark return of 21.76%.Since its inception on 19 November 2007, the Fund recordeda negative return of 25.19%.PRUlink golden bond fundAs of 31 December 2010, the Net Asset Value per unit ofthe PRUlink golden bond fund was RM1.135 compared toRM1.079 at the end of 2009, recording a gain of 5.13%.Since its inception on 19 November 2007, the Fund recordeda gain of 13.47%.PRUlink dana unggulThe PRUlink dana unggul closed 2010 at RM2.367 comparedto RM2.004 at the end of 2009. For the year, the fundperformance of 18.10% underperformed the benchmarkreturn of 18.20%.Since its launch on 1 August 2000, the Fund recorded apositive return of 136.73%.PRUlink dana amanAs at 31 December 2010, the Net Asset Value per unit of thePRUlink dana aman increased to RM1.835 from RM1.733 atthe end of 2009, recording a return of 5.89% for the year.Since its launch on 1 August 2000, the Fund achieved a gainof 82.45%.PRUlink dana urusAs at 31 December 2010, the Net Asset Value per unit ofthe PRUlink dana urus was RM2.197 compared to RM1.924at the end of 2009. For the year under review, the fundperformance of 14.19% underperformed the benchmarkreturn of 14.65%.Since its inception, the Fund recorded a gain of 119.42%.PRUlink Funds 7

PRUlink dana urus IIAs of 31 December 2010, the Net Asset Value per unit of thePRUlink dana urus II was RM1.555 compared to RM1.343at the end of 2009. For the year under review, the fundperformance of 15.79% underperformed the benchmarkreturn of 15.83%.Since its inception on 1 August 2006, the Fund recorded apositive return of 55.46%.PRUlink asia managed fundThe PRUlink asia managed fund closed 2010 at RM1.287compared to RM1.231 at the end of 2009. For the year2010, the fund reported a return of 4.56% underperformedits benchmark of 5.76%.Since its inception on 30 November 2005, the Fund recordeda return of 28.95%.PRUlink asia property securities fundAs of 31 December 2010, the Net Asset Value per unit of thePRUlink asia property securities fund was RM0.821. Year-todate,the fund registered a return of 12.05% outperformedthe benchmark return of 9.19%.Since its inception on 12 February 2008, the Fund recordeda negative return of 18.26%.PRUlink asia local bond fundAs of 31 December 2010, the Net Asset Value per unit ofthe PRUlink asia local bond fund was RM1.258. Year-todate,the fund registered a return of 3.49% outperformedthe benchmark return of 1.77%.Since its inception on 16 September 2008, the Fund recordeda positive return of 26.00%.PRUlink global market navigator fundAs of 31 December 2010, the Net Asset Value per unit of thePRUlink global market navigator fund was RM1.161. Year-todate,the fund registered a negative return of 2.14%. Sinceits inception on 16 September 2008, the Fund recorded apositive return of 16.36%.PRUlink dragon peacock fundAs at 31 December 2010, the Net Asset Value per unit ofthe PRUlink dragon peacock fund stood at RM1.096. Since itsinception on 20 January 2010, the Fund achieved a gain of9.57% against the benchmark performance of 3.21%; thusoutperforming the market by 6.37%.PRUlink education equity fundAs at 31 December 2010, the Net Asset Value per unit ofthe PRUlink education equity fund was RM1.173, recording areturn of 17.31%. Since its inception on 10 March 2010, thePRUlink education equity fund outperformed its benchmarkperformance of 16.55%.PRUlink education bond fundAs at 31 December 2010, the Net Asset Value per unitof the PRUlink education bond fund was RM1.043 witha performance of 4.29%. Since its inception on 10March 2010, the PRUlink education bond fund marginallyunderperformed its benchmark return by 1.02%.PRUlink asia equity fundAs at 31 December 2010, the Net Asset Value per unit of thePRUlink asia equity fund was RM1.062. Since its inception on17 September 2010, the fund performance of the PRUlinkasia equity fund of 6.21% underperformed the benchmarkreturn of 9.29%.PRUlink MyOptimizer fundAs the PRUlink MyOptimizer fund was incepted on 30December 2010, no performance was recorded. The NetAsset Value per unit of the PRUlink MyOptimizer fund stoodat RM0.960 as at 31 December 2010.PRUlink guaranteed accountPRUlink guaranteed account matured on 30 April 2010.Kindly refer to the closing report for more information.PRUlink Funds 8

Investment OutlookEquityWe remain cautiously positive on Malaysian equities in 2011.Corporate earnings are expected to remain fairly robust,spurred by the resilience in consumer demand, the strengthin commodity prices and supported by the government’sEconomic Transformation Programme (ETP) initiatives. Wealso expect more Entry Point Projects (EPP) to be announcedunder the ETP and look to the implementation of the EPPprojects that have already been announced.Mergers and acquisitions (M&As) will continue to be amajor theme domestically. The line-up for IPOs is expectedto be strong, thus potentially driving equity capital marketsfurther. A snap election in 2011 may stir up uncertaintyamong investors.We continue to favour a bottom-up investment strategymoving forward, whereby tactical stock selection andasset allocation will drive fund outperformance. We willcontinue to look for companies with stability in earnings,competitiveness in local or overseas markets, transparencyand good corporate governance practice.BondSubsequent removal of subsidies will be executed in 2011,in line with the government’s subsidy-removal plan every 6months. This, along with increasing world food prices andcommodity prices, will lead to a pick-up in inflation that is agrowing regional concern. However, Bank Negara Malaysia(BNM) expects inflation to remain moderate in 2011 despitethe subsidy rationalization. Any increase in policy rates islikely only towards the second half of 2011.BNM released the sovereign bonds auction calendar witha larger supply of auctions coupled with more longerdatedissuances. Regional currency strength, particularlythe Ringgit, and carry trade advantage continue to provideunderlying support for Ringgit-denominated sovereign bondyields as investors seeks out higher yielding assets. However,a sudden reversal of the flow of funds due to risk aversionwill trigger volatility in emerging market asset classes,including Ringgit-denominated sovereign bonds.The activity in corporate bonds is expected to pick up asissuers take advantage of the relatively low interest rateenvironment and improving risk appetite of investors, tolock-in cheaper borrowing costs.We expect that the bond market will continue to besupported by ample domestic liquidity and an improvingcredit environment. We will continue to accumulatequality issues with stable cash flow and look for tradingopportunities.ASIAMarket OverviewAsian markets outside Japan delivered yet another sterlingyear, up 17% from the previous year which was also a goodyear. The flow of liquidity into the region attracted by lowinterest rates and strong structural fundamentals droveprices up, fuelling inflationary pressures.Central banks in the region went on a round of rate hikesthroughout the year, led by the first rate hike by BankNegara Malaysia. While the People Bank of China increasedreserve requirement ratios six times during the year, otherAsian countries were seen lagging behind in rate hikes forfear of scarring away foreign investments. Asian countriesalso took initiatives to curb rising food prices. China andHong Kong, in particular placed various controls on theirrising property bubbles.Towards the end of the year, tensions in the Koreanpeninsular caught market attention but did not take thefocus off economic growth, inflationary pressures and therise in global commodity and food prices.OutlookCentral banks across the region will be walking a tight linebetween stoking economic growth and limiting inflationarypressures as prices, in particular food and commodity,continue to rise. More rate hikes are expected throughoutthe year together with a further appreciation in Asiancurrencies, in order to curb spiralling inflation. While Asiangovernments shift to focus on domestic consumptioninstead of depending on exports to drive their economies,governments will continue to spend on infrastructure toraise the quality of living in the emerging nations. Furthercontrols are expected to be implemented and those put inPRUlink Funds 9

place over the previous year will be tested for its effectivenessin curbing China’s property bubble.As we are cautious that stock markets may become volatile iftriggered by global events, the Fund Managers will continueto focus on bottom-up approach and stock pick stockundervalued stocks. Favourable fundamentals in Asia arelikely to continue to support demand from global investorsseeking higher yield and returns from Asian bonds and valuecan still be found in selected markets and sectors.GLOBALMarket OverviewGlobal equities painted a positive picture after a muchhoped for recovery in 2009. The MSCI AC World index wasup 10.4%, confirming that the global economy was indeedimproving. Political tension in Korea and the Middle Eastsparked concerns during the year but did not bring downthe overall positive market sentiments.Fears of whether the US recovery was a temporary highbefore another dip, prompted the US to jumpstart theireconomy further with a second round of QuantitativeEasing (QE2).The European Union (EU) went on an austerity drive to fix itsdebt crisis. Member governments within the EU cut publicspending and social welfare as well as reduce respectivegovernments’ budget deficits through an austerity plan.With Greece and Ireland receiving bailouts, concerns overthe contagion of the European debt woes continue to be anissue, with investors looking at Spain and Portugal closely.With liquidity flooding the markets and seeking betterreturns, Asia was a benefactor on the attractiveness of lowerinterest rates, stronger financial structures and corporateearnings as well as carry trade. 2010 saw many countriesin the Asian region already implementing policies to controlthese issues that have settled across Asia.OutlookThe new confidence coupled with the policies made bygovernments in 2010 sets the stage for what is in storefor 2011. We see three different issues that will dominatethe year where the implementation and withdrawal of itspolicies are key:1. QE2 in the US2. Austerity programme in the Europe3. Controls in AsiaThe effectiveness of the second round of US QE2 will betested on the issues that it was intended to fix, namelyto spur economic growth, lower the stubbornly highunemployment rate and lower US trade deficit.In the Euro-zone, the divide between the peripheral countriesand its more stable neighbours, Germany and France, willquestion the stability and effectiveness of the EuropeanUnion bloc and the Euro. Whether the austerity programmewill serve its purpose remains a hope for 2011.Central banks in Asia will have to continue tightening its fiscaland monetary policies to control rising inflation, propertybubbles and appreciating currencies more aggressively.Other areas that will drive any economic changes are theubiquitous climate change, rising commodity prices andpolitical tensions in Korea and the Middle East. 2011 willalso see financial institutions rushing to meet the new BaselIII requirement which require higher levels of capital andreporting transparency.Global equities are seen to offer some good value in 2011.The Fund Managers will continue to focus on bottom-upapproach and pick stock that is under value. As corporatebonds generally reflect value, corporate balance sheetsthat have strengthened throughout 2010 are expectedto continue into 2011. The yield gap differential betweencorporate and sovereigns is still sufficiently wide to makeeven high-yield bonds look attractive. The Fund Managerswill continue to favour credits which appear to offer extremevalue relative to risk.PRUlink Funds 10

Financial HighlightsComparative Performance Table For The Financial Year Ended 31 DecemberPRUlink equity fundCategory2010%2009%2008%2007%2006%EquityBuilding MaterialsConglomeratesConstructionConsumer ProductsBanking & FinanceGamingIndustrialManufacturingMediaMotorOil & GasPlantationPowerPropertyServicesTechnologyTelecommunicationsTimberTransportationWater0.577.075.283.0629.268.651.670.161.141.685.197.015.103.16-1.0612.31-2.500.2395.110.109.372.710.9825.5712.092.85-2.491.652.798.176.301.70-0.9110.710.021.670.4190.510.198.702.921.6520.5311.141.41-2.301.335.306.616.152.53-0.619.190.043.340.0884.011.2313.574.882.3717.8614.391.07-2.623.058.531.447.114.33-0.885.340.184.000.2193.070.515.895.452.9020.6914.190.25-2.962.686.392.7810.192.620.090.638.45-5.81-92.47Cash and DepositsOther AssetsTotal LiabilitiesTotal5.660.32(1.09)100.009.230.98(0.72)100.0017.180.98(2.17)100.007.012.21(2.29)100.007.570.89(0.92)100.00PRUlink Funds 11

Comparative Performance Table For The Financial Year Ended 31 DecemberPRUlink equity fundCategory2010%2009%2008%2007%2006%Total Net Asset Value (RM)Units in CirculationNAV Per Unit (RM)Highest NAV per unit (RM)Lowest NAV per unit (RM)Total Return (+)- Capital Growth- Income Distribution4,878,213,3631,529,617,6133.1893.1982.57121.34%-3,671,739,4741,397,005,6322.6282.6291.77942.47%-2,143,409,6411,161,871,1701.8452.7951.776(31.29%)-2,499,605,255931,032,0432.6852.6932.11627.82%-1,679,978,001799,841,6022.1002.1031.74119.83%-Average Annual Return - Fund (+)PeriodOne yearThree yearsFive years21.34%5.94%12.74%Average Annual Return-Benchmark: FTSE Bursa MalaysiaTop 100 Index (FBM100)PeriodOne yearThree yearsFive years21.76%2.30%11.45%PRUlink Funds 12

PRUlink equity fund Performance(Since Inception)PRUlink equity fund Vs. FTSE Bursa Malaysia Top 100 Index (FBM100)220.00%200.00%180.00%160.00%140.00%120.00%100.00%PEFIndex-FBM100220.00%200.00%180.00%160.00%140.00%120.00%100.00%SI % Change80.00%60.00%40.00%80.00%60.00%40.00%20.00%0.00%(20.00%)(40.00%)(60.00%)(80.00%)20.00%0.00%(20.00%)(40.00%)(60.00%)(80.00%)(100.00%)(100.00%)JulMarSepMarSepMarSepMarSepMarSepMarSepMarSepMarSepMarSepMarSepMarSepMarSepMarSep979898999900000101020203030404050506060707080809091010Date+ The Fund returns are calculated based on five decimal placeThe unit prices of the Fund may go down as well as up and the past performance figures shown are not indicative of future performance.The performance of the Fund is not guaranteed.PRUlink Funds 13

Comparative Performance Table For The Financial Year Ended 31 DecemberPRUlink bond fundCategory2010%2009%2008%2007%2006%Fixed Income Securities:- Corporate Bonds/Securities- Negotiable Certificate of DepositsCash and DepositsOther AssetsTotal LiabilitiesTotal91.100.498.230.79(0.61)100.0093.820.655.830.93(1.23)100.0086.730.8311.981.48(1.02)100.0082.061.0915.642.00(0.79)100.0089.971.937.011.93(0.84)100.00Total Net Asset Value (RM)Units in CirculationNAV Per Unit (RM)Highest NAV per unit (RM)Lowest NAV per unit (RM)Total Return (+)- Capital Growth- Income Distribution1,035,786,244425,071,2982.4372.4352.3065.74%-800,343,864347,298,0062.3042.3052.1706.23%-654,170,071301,559,4772.1692.1692.0932.44%-494,300,406233,422,2972.1182.1182.0324.41%-285,503,729140,774,5042.0282.0311.8846.43%Average Annual Return - Fund (+)PeriodOne yearThree yearsFive years5.74%4.76%5.02%Average Annual Return-Benchmark: Maybank 12 Month Tier 1Fixed Deposit RatePeriodOne yearThree yearsFive years2.74%2.99%3.29%PRUlink Funds 14

PRUlink bond fund Performance(Since Inception)160.00%PRUlink bond fund Vs. 12 Month Maybank T1 Fixed Deposit Rate160.00%140.00%120.00%PBF12M MBB T1FD rate140.00%120.00%100.00%100.00%SI % Change80.00%80.00%60.00%60.00%40.00%40.00%20.00%20.00%0.00%Jul97Mar98Sep98Mar99Sep99Mar00Sep00Mar01Sep01Mar02Sep02Mar03Sep03Mar04Sep04Mar05Sep05Mar06Sep06Mar07Sep07Mar08Sep08Mar09Sep09Mar100.00%Sep10Date+ The Fund returns are calculated based on five decimal placeThe unit prices of the Fund may go down as well as up and the past performance figures shown are not indicative of future performance.The performance of the Fund is not guaranteed.PRUlink Funds 15

Comparative Performance Table For The Financial Year Ended 31 DecemberPRUlink managed fundCategory2010%2009%2008%2007%2006%Investment in -PRUlink equity fundPRUlink bond fundCash and DepositsOther AssetsTotal LiabilitiesTotal73.9226.08---100.0071.3028.70---100.0064.6635.34---100.0075.8224.18---100.0071.8928.11---100.00Total Net Asset Value (RM)Units in CirculationNAV Per Unit (RM)Highest NAV per unit (RM)Lowest NAV per unit (RM)Total Return (+)- Capital Growth- Income Distribution1,339,546,299501,044,2752.6742.6772.26116.59%-1,070,426,887466,787,1942.2932.2941.73729.36%-721,152,508406,807,4061.7732.3661.721(22.70%)-781,813,876340,912,4262.2932.2981.91120.71%-566,823,443298,345,3661.9001.9251.63515.68%-Average Annual Return - Fund (+)PeriodOne yearThree yearsFive years16.59%5.25%10.24%Average Annual Return-Benchmark: 70% FTSE Bursa Malaysia Top 100Index (FBM 100) + 30% Maybank 12 Month Tier 1 Fixed Deposit RatePeriodOne yearThree yearsFive years16.05%2.51%9.25%PRUlink Funds 16

PRUlink managed fund Performance(Since Inception)PRUlink managed fund Vs. 70% FBM100 + 30% 12 Month Maybank T1 Fixed Deposit Rate180.00%180.00%160.00%140.00%PMF70% FBM100 + 30%12M MBB T1 FD rate160.00%140.00%120.00%120.00%SI % Change100.00%80.00%60.00%100.00%80.00%60.00%40.00%40.00%20.00%20.00%0.00%0.00%(20.00%)Sep Dec Apr Aug Dec Apr Aug Dec Apr Aug Dec Apr Aug Dec Apr Aug Dec Apr Aug Dec Apr Aug Dec Apr Aug Dec Apr Aug Dec Apr Aug Dec99 99 00 00 00 01 01 01 02 02 02 03 03 03 04 04 04 05 05 05 06 06 06 07 07 07 08 08 08 09 09 09Date(20.00%)Apr Aug Dec10 10 10+ The Fund returns are calculated based on five decimal placeThe unit prices of the Fund may go down as well as up and the past performance figures shown are not indicative of future performance.The performance of the Fund is not guaranteed.PRUlink Funds 17

Comparative Performance Table For The Financial Year Ended 31 DecemberPRUlink managed fund IICategory2010%2009%2008%2007%2006%Investment in -PRUlink equity fundPRUlink bond fundCash and DepositsOther AssetsTotal LiabilitiesTotal82.9117.09---100.0081.4218.58---100.0076.2623.74---100.0083.0416.96---100.0081.5018.50---100.00Total Net Asset Value (RM)Units in CirculationNAV Per Unit (RM)Highest NAV per unit (RM)Lowest NAV per unit (RM)Total Return (+)- Capital Growth- Income Distribution304,142,421185,582,5661.6391.6411.36018.50%-196,601,514142,153,4011.3831.3831.00634.02%-102,997,51299,809,5661.0321.4310.999(25.37%)-82,686,67959,799,4381.3831.3861.13422.69%-13,325,29511,827,8451.1271.1270.99912.66%-Average Annual Return - Fund (+)PeriodOne yearThree yearsFive years18.50%5.83%n/aAverage Annual Return-Benchmark: 80% FTSE Bursa Malaysia Top 100Index (FBM 100) + 20% Maybank 12 Month Tier 1 Fixed Deposit RatePeriodOne yearThree yearsFive years17.95%2.44%n/aPRUlink Funds 18

PRUlink managed fund II Performance(Since Inception)70.00%PRUlink managed fund II Vs. 80% FBM100 + 20% 12 Month Maybank T1 Fixed Deposit Rate70.00%50.00%50.00%SI % Change30.00%30.00%10.00%PMF280% FBM100 + 20%12M MBB T1 FD rate10.00%(10.00%)Aug 06 Mar 07 Nov 07 Jun 08 Feb 09 Sep 09 May 10 Dec 10(10.00%)Date+ The Fund returns are calculated based on five decimal placeThe unit prices of the Fund may go down as well as up and the past performance figures shown are not indicative of future performance.The performance of the Fund is not guaranteed.PRUlink Funds 19

Comparative Performance Table For The Financial Year Ended 31 DecemberPRUlink golden equity fundCategory2010%2009%2008%2007%Investment in -PRUlink equity fundCash and DepositsOther AssetsTotal LiabilitiesTotal99.990.01--100.0099.990.01--100.0099.980.02--100.0099.980.02--100.00Total Net Asset Value (RM)Units in CirculationNAV Per Unit (RM)Highest NAV per unit (RM)Lowest NAV per unit (RM)Total Return (+)- Capital Growth- Income Distribution109,840,80787,742,7021.2521.2541.00821.45%-69,938,25767,853,4571.0311.0310.69842.47%-36,522,15550,482,1780.7231.0960.697(31.27%)-35,942,94434,143,7511.0531.0561.0005.27%-Average Annual Return - Fund (+)PeriodOne yearThree yearsFive years21.45%18.92%n/aAverage Annual Return-Benchmark: FTSE Bursa Malaysia Top 100 Index (FBM 100)PeriodOne yearThree yearsFive years21.76%7.07%n/aPRUlink Funds 20

PRUlink golden equity fund Performance(Since Inception)30.00%PRUlink golden equity fund Vs. FTSE Bursa Malaysia Top 100 Index (FBM100)30.00%20.00%20.00%10.00%10.00%0.00%0.00%SI % Change(10.00%)(10.00%)(20.00%)(20.00%)(30.00%)(30.00%)(40.00%)PGEIndex-FBM100(40.00%)(50.00%)Nov07Dec07Feb08Apr08Jun08Aug08Oct08Dec08Feb09Apr09Jun09Aug09Oct09Dec09Feb10Apr10Jun10Aug10Oct10Dec10(50.00%)Date+ The Fund returns are calculated based on five decimal placeThe unit prices of the Fund may go down as well as up and the past performance figures shown are not indicative of future performance.The performance of the Fund is not guaranteed.PRUlink Funds 21

Comparative Performance Table For The Financial Year Ended 31 DecemberPRUlink golden bond fundCategory2010%2009%2008%2007%Investment in -PRUlink bond fundCash and DepositsOther AssetsTotal LiabilitiesTotal100.00---100.00100.00---100.00100.00---100.00100.00---100.00Total Net Asset Value (RM)Units in CirculationNAV Per Unit (RM)Highest NAV per unit (RM)Lowest NAV per unit (RM)Total Return (+)- Capital Growth- Income Distribution249,642,277220,001,9511.1351.1351.0805.13%-173,430,109160,677,5261.0791.0801.0215.70%-124,566,722121,987,8341.0211.0960.6971.94%-80,078,45579,945,3831.0021.0021.0000.17%-Average Annual Return - Fund (+)PeriodOne yearThree yearsFive years5.13%13.29%n/aAverage Annual Return-Benchmark: Maybank 12 Month Tier 1 Fixed Deposit RatePeriodOne yearThree yearsFive years2.74%9.24%n/aPRUlink Funds 22

PRUlink golden bond fund Performance(Since Inception)PRUlink golden bond fund Vs. 12 Month Maybank Tier 1 Fixed Deposit Rate14.50%13.50%12.50%11.50%10.50%9.50%8.50%PGB12M MBB T1 FD rate14.50%13.50%12.50%11.50%10.50%9.50%8.50%SI % Change7.50%6.50%5.50%7.50%6.50%5.50%4.50%3.50%2.50%1.50%0.50%(0.50%)4.50%3.50%2.50%1.50%0.50%(0.50%)(1.50%)Nov07Dec07Feb08Apr08Jun08Aug08Oct08Dec08Feb09Apr09Jun09Aug09Oct09Dec09Feb10Apr10Jun10Aug10Oct10Dec10(1.50%)Date+ The Fund returns are calculated based on five decimal placeThe unit prices of the Fund may go down as well as up and the past performance figures shown are not indicative of future performance.The performance of the Fund is not guaranteed.PRUlink Funds 23

Comparative Performance Table For The Financial Year Ended 31 DecemberPRUlink dana unggulCategory2010%2009%2008%2007%2006%EquityBuilding MaterialsConglomeratesConstructionConsumer ProductsFinanceIndustrialManufacturingMediaMotorOil & GasPlantationPowerPropertyServicesTechnologyTelecommunicationsTimberTransportationWater2.2510.8613.822.310.141.651.090.101.839.1312.758.607.02-0.4317.52-5.99-95.483.2813.377.663.110.435.90--1.595.7414.5910.475.05-0.6313.12-3.740.7289.401.524.2312.702.440.202.07-0.630.9013.7912.990.213.93--9.79-5.029.0379.455.1115.828.612.98-4.90-1.503.859.967.548.506.52-2.166.310.795.792.0692.404.657.748.626.08-3.84-1.141.868.126.3914.846.120.263.029.79-6.890.8290.18Cash and DepositsOther AssetsTotal LiabilitiesTotal5.620.54(1.64)100.0010.860.83(1.09)100.0020.283.15(2.88)100.007.191.56(1.15)100.009.201.45(0.83)100.00PRUlink Funds 24

Comparative Performance Table For The Financial Year Ended 31 DecemberPRUlink dana unggulCategory2010%2009%2008%2007%2006%Total Net Asset Value (RM)Units in CirculationNAV Per Unit (RM)Highest NAV per unit (RM)Lowest NAV per unit (RM)Total Return (+)- Capital Growth- Income Distribution404,622,738170,971,0172.3672.3841.95018.10%-299,136,664149,279,6132.0042.0041.43238.82%-173,428,270120,144,6621.4432.3291.364(35.69%)-203,168,39990,512,5302.2452.2781.70433.73%-118,610,25170,665,7521.6781.6791.36222.69%-Average Annual Return - Fund (+)PeriodOne yearThree yearsFive years18.10%1.78%11.59%Average Annual Return-Benchmark: FTSE-Bursa MalaysiaEmas Shariah Index (FBMSHA)PeriodOne yearThree yearsFive years18.20%(1.53%)11.18%PRUlink Funds 25

PRUlink dana unggul Performance(Since Inception)PRUlink dana unggul Vs. FTSE-Bursa Malaysia Emas Shariah Index (FBMSHA)140.00%140.00%120.00%100.00%PDUFBMSHA120.00%100.00%80.00%80.00%SI % Change60.00%40.00%60.00%40.00%20.00%20.00%0.00%0.00%(20.00%)(20.00%)(40.00%)Aug00Dec00May01Oct01Mar02Aug02Jan03Jun03Nov03Apr04Sep04Feb05Jul05Dec05May06Oct06Mar07Aug07Jan08Jun08Nov08Apr09Sep09Feb10Jul10Dec10(40.00%)Date+ The Fund returns are calculated based on five decimal placeThe unit prices of the Fund may go down as well as up and the past performance figures shown are not indicative of future performance.The performance of the Fund is not guaranteed.PRUlink Funds 26

Comparative Performance Table For The Financial Year Ended 31 DecemberPRUlink dana amanCategory2010%2009%2008%2007%2006%Fixed Income Securities:- Corporate Bonds/Securities- Negotiable Certificate of DepositsCash and DepositsOther AssetsTotal LiabilitiesTotal89.45-10.440.68(0.57)100.0094.05-5.960.83(0.84)100.0075.03-24.961.06(1.05)100.0090.30-9.600.99(0.89)100.0085.90-13.831.10(0.83)100.00Total Net Asset Value (RM)Units in CirculationNAV Per Unit (RM)Highest NAV per unit (RM)Lowest NAV per unit (RM)Total Return (+)- Capital Growth- Income Distribution56,965,61131,048,4841.8351.8331.7335.89%-47,311,57427,305,8891.7331.7331.6415.59%-38,283,83923,329,5981.6411.6411.5852.08%-29,041,48718,064,8441.6081.6081.5464.32%-20,417,05413,248,3661.5411.5501.4565.81%Average Annual Return - Fund (+)PeriodOne yearThree yearsFive years5.89%4.46%4.70%Average Annual Return-Benchmark: Maybank 12 Month Tier 1Fixed Deposit RatePeriodOne yearThree yearsFive years2.74%2.99%3.29%PRUlink Funds 27

PRUlink dana aman Performance(Since Inception)PRUlink dana aman Vs. 12 Month Maybank Tier 1 Fixed Deposit Rate100.00%100.00%80.00%PDA12M MBB T1 FD rate80.00%SI % Change60.00%40.00%60.00%40.00%20.00%20.00%0.00%0.00%Aug00Dec00May01Oct01Mar02Aug02Jan03Jun03Nov03Apr04Sep04Feb05Jul05Dec05May06Oct06Mar07Aug07Jan08Jun08Nov08Apr09Sep09Feb10Jul10Dec10Date+ The Fund returns are calculated based on five decimal placeThe unit prices of the Fund may go down as well as up and the past performance figures shown are not indicative of future performance.The performance of the Fund is not guaranteed.PRUlink Funds 28

Comparative Performance Table For The Financial Year Ended 31 DecemberPRUlink dana urusCategory2010%2009%2008%2007%2006%Investment in -PRUlink dana unggulPRUlink dana amanCash and DepositsOther AssetsTotal LiabilitiesTotal72.8927.11---100.0070.7929.21---100.0064.4935.51---100.0075.8824.12---100.0072.3027.70-0.01(0.01)100.00Total Net Asset Value (RM)Units in CirculationNAV Per Unit (RM)Highest NAV per unit (RM)Lowest NAV per unit (RM)Total Return (+)- Capital Growth- Income Distribution107,985,91349,146,5562.1972.2081.89814.19%-85,955,03244,672,5691.9241.9241.51226.72%-57,187,77737,664,7491.5182.1201.457(26.32%)-60,515,19529,367,4782.0612.0841.66924.90%-38,958,58723,612,9971.6501.6531.40017.51%-Average Annual Return - Fund (+)PeriodOne yearThree yearsFive years14.19%2.16%9.37%Average Annual Return-Benchmark: 70% FTSE-Bursa Malaysia Emas ShariahIndex (FBMSHA) + 30% Maybank 12 Month Tier 1 Fixed Deposit RatePeriodOne yearThree yearsFive years13.56%(0.13%)9.04%PRUlink Funds 29

PRUlink dana urus Performance(Since Inception)PRUlink dana urus Vs. 70% FBMSHA + 30% 12 Month Maybank Tier 1 Fixed Deposit Rate120.00%120.00%100.00%80.00%PDI70% FBMSHA & 30%12M MBB T1 FD rate100.00%80.00%60.00%60.00%SI % Change40.00%40.00%20.00%20.00%0.00%0.00%(20.00%)(20.00%)(40.00%)Aug00Jan01Jul01Jan02Jul02Jan03Jul03Jan04Jul04Jan05Jul05Jan06Jul06Jan07Jul07Jan08Jul08Jan09Jul09Jan10Jul10(40.00%)Date+ The Fund returns are calculated based on five decimal placeThe unit prices of the Fund may go down as well as up and the past performance figures shown are not indicative of future performance.The performance of the Fund is not guaranteed.PRUlink Funds 30

Comparative Performance Table For The Financial Year Ended 31 DecemberPRUlink dana urus IICategory2010%2009%2008%2007%2006%Investment in -PRUlink dana unggulPRUlink dana amanCash and DepositsOther AssetsTotal LiabilitiesTotal82.2517.75---100.0081.1218.88---100.0076.3523.65---100.0083.1816.82---100.0079.4320.57-0.01(0.01)100.00Total Net Asset Value (RM)Units in CirculationNAV Per Unit (RM)Highest NAV per unit (RM)Lowest NAV per unit (RM)Total Return (+)- Capital Growth- Income Distribution23,580,78215,168,4771.5551.5631.31915.79%-14,623,27310,892,0351.3431.3431.01831.10%-6,999,1816,834,7811.0241.4930.977(29.26%)-5,176,9023,576,3341.4481.4621.14627.91%-533,679471,5841.1321.1331.00013.17%Average Annual Return - Fund (+)PeriodOne yearThree yearsFive years15.79%2.40%n/aAverage Annual Return-Benchmark: 80% FTSE-Bursa Malaysia Emas ShariahIndex (FBMSHA) + 20% Maybank 12Month Tier 1 Fixed Deposit RatePeriodOne yearThree yearsFive years15.11%(0.59%)n/aPRUlink Funds 31

PRUlink dana urus II Performance(Since Inception)PRUlink dana urus II Vs. 80% FBMSHA + 20% 12 Month Maybank T1 Fixed Deposit Rate80.00%80.00%60.00%60.00%SI % Change40.00%20.00%40.00%20.00%0.00%PDI280% FBMSHA & 20%12M MBB T1 FD rate0.00%(20.00%)(20.00%)Aug 06 Nov 06 Mar 07 Jul 07 Nov 07 Mar 08 Jul 08 Nov 08 Mar 09 Jul 09 Nov 09 Mar 10 Jul 10 Nov 10Date+ The Fund returns are calculated based on five decimal placeThe unit prices of the Fund may go down as well as up and the past performance figures shown are not indicative of future performance.The performance of the Fund is not guaranteed.PRUlink Funds 32

Comparative Performance Table For The Financial Year Ended 31 DecemberPRUlink asia managed fundCategory2010%2009%2008%2007%2006%Investment in -Asian Equity FundAsian Bond FundCash and DepositsOther AssetsTotal LiabilitiesTotal75.4328.160.23-(3.82)100.0073.0431.350.150.01(4.55)100.0071.8528.140.990.14(1.12)100.0071.3127.702.240.59(1.84)100.0071.7925.415.320.63(3.15)100.00Total Net Asset Value (RM)Units in CirculationNAV Per Unit (RM)Highest NAV per unit (RM)Lowest NAV per unit (RM)Total Return (+)- Capital Growth- Income Distribution241,982,226187,961,2551.2871.3111.0984.56%-263,042,900213,629,8111.2311.2310.73858.30%-160,694,301206,599,2940.7781.3000.672(40.70%)-216,201,796164,833,9541.3121.4031.08116.23%-52,166,01746,228,0151.1281.1310.95212.92%-Average Annual Return - Fund (+)PeriodOne yearThree yearsFive years4.56%(0.56%)5.23%Average Annual Return-Benchmark: 70% MSCI Asia Ex-Japan Index+ 30% JP Morgan Asia Credit IndexPeriodOne yearThree yearsFive years5.76%1.08%8.35%PRUlink Funds 33

PRUlink asia managed fund Performance(Since Inception)PRUlink asia managed fund Vs. 70% MSCI Asia Ex-Japan Index + 30% JP Morgan Asia Credit Index80.00%80.00%60.00%AMF70% MSCI & 30% JPMorgan60.00%40.00%40.00%SI % Change20.00%20.00%0.00%0.00%(20.00%)(20.00%)(40.00%)Nov 05 May 06 Nov 06 May 07 Nov 07 May 08 Nov 08 May 09Nov 09 May 10 Nov 10(40.00%)Date+ The Fund returns are calculated based on five decimal placeThe unit prices of the Fund may go down as well as up and the past performance figures shown are not indicative of future performance.The performance of the Fund is not guaranteed.PRUlink Funds 34

Comparative Performance Table For The Financial Year Ended 31 DecemberASIAN EQUITY FUNDCurrency Breakdown2010%2009%Thai BahtHong Kong DollarIndian RupeeIndonesian RupiahMalaysian RinggitNew Taiwan DollarPhilippine PesoSingapore DollarUS DollarKorean WonCash And Cash EquivalentTotal2.9534.0912.653.243.2714.280.885.022.3320.800.49100.002.9935.5112.924.322.2115.011.194.793.1815.362.52100.00Category2010%2009%EquityAuto - Auto PartsBreweries & Leisure & HotelsBuilding & ConstructionBuilding MaterialsChemicals & PharmaceuticalsCommercial ServicesComputers & SoftwareDiversified Operations2.410.812.25-3.510.698.171.99-1.041.381.631.331.194.733.11PRUlink Funds 35

Comparative Performance Table For The Financial Year Ended 31 DecemberASIAN EQUITY FUNDCategory2010%2009%EquityElectronics & Electrical EquipmentEnergyEngineeringEquitiesExtractive IndustriesFinancialFood & Textiles & ApparelHealth CareHolding Companies-DiversInsuranceManufacturingPropertyReal EstateRetailSemiconductorsTelecommunicationsTransport & TelecomunicationsWarrantsCash And Cash EquivalentTotalNote: Asian Equity Fund is managed by Prudential Asset Management (Singapore) Ltd and sub-managed by Prudential Asset Management (HK) Ltd.9.848.765.293.935.3916.591.940.773.405.831.051.653.043.592.061.105.440.0199.510.49100.0013.419.222.143.364.5620.341.362.262.443.411.673.502.623.652.042.864.23-97.482.52100.00PRUlink Funds 36

Comparative Performance Table For The Financial Year Ended 31 DecemberASIAN BOND FUNDCurrency Breakdown2010%2009%Chinese Yuan RenminbiMalaysian RinggitPhilippine PesoUS DollarCash And Cash EquivalentTotal0.110.320.8895.673.02100.00-0.39-99.61-100.00Category2010%2009%Fixed Income Securities:Corporate BondGovernment BondTreasury BillMortgage RelatedTime DepositCash And Cash EquivalentTotalNote: Asian Bond Fund is managed by Prudential Asset Management (Singapore) Ltd.68.2228.380.38--3.02100.0072.4921.53-0.762.812.41100.00PRUlink Funds 37

Comparative Performance Table For The Financial Year Ended 31 DecemberPRUlink asia property securities fundCategory2010%2009%2008%Investment in -Asian Property Securities FundCash and DepositsOther AssetsTotal LiabilitiesTotal102.150.010.23(2.39)100.0099.102.640.87(2.61)100.0099.930.050.51(0.49)100.00Total Net Asset Value (RM)Units in CirculationNAV Per Unit (RM)Highest NAV per unit (RM)Lowest NAV per unit (RM)Total Return (+)- Capital Growth- Income Distribution21,375,31526,038,1450.8210.8170.66712.05%-18,951,57725,867,6610.7330.7400.43634.42%-8,928,23416,381,2370.5451.0220.483(45.50%)-Average Annual Return - Fund (+)PeriodOne yearThree yearsFive years12.05%(6.50%)n/aAverage Annual Return-Benchmark: MSCI AC Asia Pacific REITPeriodOne yearThree yearsFive years9.19%(7.63%)n/aPRUlink Funds 38

PRUlink asia property securities fund Performance(Since Inception)PRUlink asia property securities fund Vs. MSCI AC Asia Pacific REIT10.00%10.00%0.00%0.00%(10.00%)(10.00%)SI % Change(20.00%)(30.00%)(20.00%)(30.00%)(40.00%)(40.00%)(50.00%)APSFMSCI(50.00%)(60.00%)Feb 08 Jun 08 Nov 08 Apr 09 Sep 09 Feb 10 Jul 10 Dec 10(60.00%)Date+ The Fund returns are calculated based on five decimal placeThe unit prices of the Fund may go down as well as up and the past performance figures shown are not indicative of future performance.The performance of the Fund is not guaranteed.PRUlink Funds 39

Comparative Performance Table For The Financial Year Ended 31 DecemberASIAN PROPERTY SECURITIES FUNDCurrency Breakdown2010%2009%Australian DollarThai BahtHong Kong DollarMalaysian RinggitSingapore DollarJapanese YenIndonesian RupiahCash And Cash EquivalentTotal42.191.479.384.6519.3320.131.331.52100.0041.211.1914.495.6618.6415.303.51100.00Category2010%2009%Equity:Diversified OperationsEquitiesFinancialPropertyReal EstateRetailCash And Cash EquivalentTotalNote: Asian Property Securities Fund is managed by Prudential Asset Management (Singapore) Ltd and sub-managed by Prudential Asset Management (HK) Ltd.-9.221.1283.244.610.291.52100.001.441.180.9891.751.14-3.51100.00PRUlink Funds 40

Comparative Performance Table For The Financial Year Ended 31 DecemberPRUlink asia local bond fundCategory2010%2009%2008%Investment in -Asian Local Bond FundCash and DepositsOther AssetsTotal LiabilitiesTotal102.180.11-(2.29)100.00213.790.11-(113.90)100.0087.617.0011.75(6.36)100.00Total Net Asset Value (RM)Units in CirculationNAV Per Unit (RM)Highest NAV per unit (RM)Lowest NAV per unit (RM)Total Return (+)- Capital Growth- Income Distribution3,520,3492,798,6661.2581.2931.2113.49%-1,316,5211,083,1841.2151.2211.00217.72%-878,436850,8151.0321.0320.9573.25%-Average Annual Return - Fund (+)PeriodOne yearThree yearsFive years3.49%8.01%n/aAverage Annual Return-Benchmark: HSBC Customised Index CompositePeriodOne yearThree yearsFive years1.77%3.69%n/aPRUlink Funds 41

PRUlink asia local bond fund Performance(Since Inception)PRUlink asia local bond fund Vs. HSBC Customised Index Composite32.00%32.00%30.00%30.00%28.00%26.00%24.00%ALBFHSBC28.00%26.00%24.00%22.00%22.00%20.00%20.00%18.00%18.00%SI % Change16.00%14.00%12.00%10.00%16.00%14.00%12.00%10.00%8.00%8.00%6.00%6.00%4.00%4.00%2.00%2.00%0.00%0.00%(2.00%)(2.00%)(4.00%)(4.00%)Sep08Oct08Nov08Dec08Jan09Feb09Mar09Apr09May09Jun09Jul09Aug09Sep09Oct09Nov09Dec09Jan10Feb10Mar10Apr10May10Jun10Jul10Aug10Sep10Oct10Nov10Dec10Date+ The Fund returns are calculated based on five decimal placeThe unit prices of the Fund may go down as well as up and the past performance figures shown are not indicative of future performance.The performance of the Fund is not guaranteed.PRUlink Funds 42

Comparative Performance Table For The Financial Year Ended 31 DecemberASIAN LOCAL BOND FUNDCurrency Breakdown2010%2009%Malaysian RinggitSingapore DollarUS DollarHong Kong DollarPhilippine PesoTaiwan DollarThai BahtIndonesian RupiahKorean WonChinese Yuan RenminbiCash And Cash EquivalentTotal9.7416.757.8210.504.558.917.0912.0918.690.033.83100.009.1215.376.9211.595.409.615.6512.1920.09-4.06100.00Category2010%2009%Fixed Income Securities:Corporate BondGovernment BondMortgage RelatedCash And Cash EquivalentTotalNote: Asian Local Bond Fund is managed by Prudential Asset Management (Singapore) Ltd.26.0669.860.253.83100.0025.3170.63-4.06100.00PRUlink Funds 43

Comparative Performance Table For The Financial Year Ended 31 DecemberPRUlink global market navigator fundCategory2010%2009%2008%Investment in -Global Market Navigator FundCash and DepositsOther AssetsTotal LiabilitiesTotal104.660.03-(4.69)100.0098.971.301.20(1.47)100.0099.350.740.98(1.07)100.00Total Net Asset Value (RM)Units in CirculationNAV Per Unit (RM)Highest NAV per unit (RM)Lowest NAV per unit (RM)Total Return (+)- Capital Growth- Income Distribution33,294,89528,676,5581.1611.1871.050(2.14%)-44,898,46937,842,2381.1861.2001.06212.44%-4,597,0864,356,5251.0551.1310.9625.52%0Average Annual Return - Fund (+)PeriodOne yearThree yearsFive years(2.14%)5.18%n/aAverage Annual Return-Benchmark: Maybank 12 Month Tier 1 Fixed Deposit RatePeriodOne yearThree yearsFive years2.74%2.99%n/aPRUlink Funds 44

PRUlink global market navigator fund Performance(Since Inception)PRUlink global market navigator fund Vs. 12 Month Maybank Tier 1 Fixed Deposit Rate20.00%20.00%18.00%16.00%14.00%GMNF12M MBBT1 FD rate18.00%16.00%14.00%SI % Change12.00%10.00%8.00%12.00%10.00%8.00%6.00%6.00%4.00%4.00%2.00%2.00%0.00%Sep08Oct08Nov08Dec08Jan09Feb09Mar09Apr09May09Jun09Jul09Aug09Sep09Oct09Nov09Dec09Jan10Feb10Mar10Apr10May10Jun10Jul10Aug10Sep10Oct10Nov10Dec100.00%Date+ The Fund returns are calculated based on five decimal placeThe unit prices of the Fund may go down as well as up and the past performance figures shown are not indicative of future performance.The performance of the Fund is not guaranteed.PRUlink Funds 45

Comparative Performance Table For The Financial Year Ended 31 DecemberGLOBAL MARKET NAVIGATOR FUNDCurrency Breakdown2010%2009%Australian DollarBrazil RealBritish PoundEuroIndonesian RupiahJapanese YenKorean WonMexican PesoPhilippine PesoTurkish LiraUS DollarCash And Cash EquivalentTotal(0.02)-10.35(0.40)-0.07-5.386.20-25.9352.49100.00-4.575.193.194.90-7.725.675.933.2037.5722.06100.00Category2010%2009%EquitiesFuturesGovernment BondGovernment GiltsInvestment TrustsMutual FundCash And Cash EquivalentTotal2.00(0.10)11.584.11-29.9252.49100.0018.757.7536.45-5.189.8122.06100.00Note: Global Market Navigator Fund is managed by Prudential Asset Management (Singapore) Ltd and sub-managed by Prudential Asset Management (HK) Ltd.PRUlink Funds 46

Comparative Performance Table For The Financial Year Ended 31 DecemberPRUlink dragon peacock fundCategory2010%Investment in -Dragon Peacock FundCash and DepositsOther AssetsTotal LiabilitiesTotalTotal Net Asset Value (RM)Units in CirculationNAV Per Unit (RM)Highest NAV per unit (RM)Lowest NAV per unit (RM)Total Return (+)- Capital Growth- Income Distribution100.002.290.29(2.58)100.0024,799,11622,632,3371.0961.1920.9409.57%-Average Annual Return - Fund (+)PeriodOne yearThree yearsFive years9.57%n/an/aAverage Annual Return-Benchmark: 50% MSCI China & 50% MSCI India Index 1PeriodOne yearThree yearsFive years0.88%n/an/aPRUlink Funds 47

PRUlink dragon peacock fund Performance(Since Inception)PRUlink dragon peacock fund Vs. 50% MSCI China & 50% MSCI India Index 120.00%18.00%16.00%14.00%12.00%10.00%8.00%PDPF50% MSCI China & 50% MSCI India Index20.00%18.00%16.00%14.00%12.00%10.00%8.00%SI % Change6.00%4.00%2.00%6.00%4.00%2.00%0.00%(2.00%)(4.00%)(6.00%)(8.00%)(10.00%)0.00%(2.00%)(4.00%)(6.00%)(8.00%)(10.00%)(12.00%)Jan 10 Feb 10 Mar 10 Apr 10 May 10 Jun 10 Jul 10 Aug 10 Sep 10 Oct 10 Nov 10 Dec 10(12.00%)Date+ The Fund returns are calculated based on five decimal placeThe unit prices of the Fund may go down as well as up and the past performance figures shown are not indicative of future performance.The performance of the Fund is not guaranteed.PRUlink Funds 48

Comparative Performance Table For The Financial Year Ended 31 DecemberDRAGON PEACOCK FUNDCurrency BreakdownHong Kong DollarIndian RupeeUS DollarCash And Cash EquivalentTotal2010%43.7047.175.193.94100.00CategoryAerospace & Air TransportAgricultural OperationsAuto - Auto PartsBuilding & ConstructionChemicals & PharmaceuticalsComputers & SoftwareElectronics & Electrical EquipmentEnergyEquitiesExtractive IndustriesFinancialInsuranceManufacturingOil&GasPropertyReal EstateTelecommunicationsTransport & TelecomunicationsCash And Cash EquivalentTotalNote: Dragon Peacock Fund is managed by Prudential Asset Management (Singapore) Ltd and sub-managed by Prudential Asset Management (HK) Ltd.2010%2.141.235.111.684.8911.082.2714.155.835.2822.042.454.281.171.722.834.143.773.94100.00PRUlink Funds 49

Comparative Performance Table For 10 Months Period Ended 31 DecemberPRUlink education equity fundCategory2010%Investment in -PRUlink equity fundCash and DepositsOther AssetsTotal LiabilitiesTotalTotal Net Asset Value (RM)Units in CirculationNAV Per Unit (RM)Highest NAV per unit (RM)Lowest NAV per unit (RM)Total Return (+)- Capital Growth- Income Distribution100.00---100.00148,669126,7321.1731.1750.96117.31%-Average Annual Return - Fund (+)PeriodOne yearThree yearsFive yearsn/an/an/aAverage Annual Return-Benchmark: FTSE Bursa Malaysia Top 100 Index (FBM 100)PeriodOne yearThree yearsFive yearsn/an/an/aPRUlink Funds 50

PRUlink education equity fund Performance(Since Inception)PRUlink education equity fund Vs. FTSE Bursa Malaysia Top 100 Index (FBM100)SI % Change24.00%22.00%20.00%18.00%16.00%14.00%12.00%10.00%8.00%6.00%4.00%2.00%0.00%(2.00%)(4.00%)(6.00%)(8.00%)(10.00%)(12.00%)EDUEIndex-FBM100Feb 10 Mar 10 Apr 10 May 10 Jun 10 Jul 10 Aug 10 Sep 10 Oct 10 Nov 10 Dec 1024.00%22.00%20.00%18.00%16.00%14.00%12.00%10.00%8.00%6.00%4.00%2.00%0.00%(2.00%)(4.00%)(6.00%)(8.00%)(10.00%)(12.00%)Date+ The Fund returns are calculated based on five decimal placeThe unit prices of the Fund may go down as well as up and the past performance figures shown are not indicative of future performance.The performance of the Fund is not guaranteed.PRUlink Funds 51

Comparative Performance Table For 10 Months Period Ended 31 DecemberPRUlink education bond fundCategory2010%Investment in -PRUlink bond fundCash and DepositsOther AssetsTotal LiabilitiesTotalTotal Net Asset Value (RM)Units in CirculationNAV Per Unit (RM)Highest NAV per unit (RM)Lowest NAV per unit (RM)Total Return (+)- Capital Growth- Income Distribution100.00---100.00241,361231,4441.0431.0431.0004.29%-Average Annual Return - Fund (+)PeriodOne yearThree yearsFive yearsn/an/an/aAverage Annual Return-Benchmark: Maybank 12 Month Tier 1 Fixed Deposit RatePeriodOne yearThree yearsFive yearsn/an/an/aPRUlink Funds 52

PRUlink education bond fund Performance(Since Inception)PRUlink education bond fund Vs. 12 Month Maybank Tier 1 Fixed Deposit Rate20.00%20.00%17.50%15.00%EDUB12M MBB T1 FD Rate17.50%15.00%12.50%12.50%SI % Change10.00%10.00%7.50%7.50%5.00%5.00%2.50%2.50%0.00%Feb 10 Mar 10 Apr 10 May 10 Jun 10 Jul 10 Aug 10 Sep 10 Oct 10 Nov 10 Dec 100.00%Date+ The Fund returns are calculated based on five decimal placeThe unit prices of the Fund may go down as well as up and the past performance figures shown are not indicative of future performance.The performance of the Fund is not guaranteed.PRUlink Funds 53

Comparative Performance Table For 5 Months Period Ended 31 DecemberPRUlink asia equity fundCategory2010%Investment in -Asian Equity FundCash and DepositsOther AssetsTotal LiabilitiesTotalTotal Net Asset Value (RM)Units in CirculationNAV Per Unit (RM)Highest NAV per unit (RM)Lowest NAV per unit (RM)Total Return (+)- Capital Growth- Income Distribution97.584.542.37(4.49)100.007,215,0486,793,4981.0621.0750.9996.21%-Average Annual Return - Fund (+)PeriodOne yearThree yearsFive yearsn/an/an/aAverage Annual Return-Benchmark: MSCI Asia Ex-Japan IndexPeriodOne yearThree yearsFive yearsn/an/an/aPRUlink Funds 54

PRUlink asia equity fund Performance(Since Inception)PRUlink asia equity fund Vs. MSCI Asia Ex-Japan Index20.00%20.00%18.00%16.00%PAEFMSCI Asia Ex-Japan Index18.00%16.00%14.00%14.00%12.00%12.00%SI % Change10.00%8.00%10.00%8.00%6.00%6.00%4.00%4.00%2.00%2.00%0.00%0.00%(2.00%)(2.00%)Aug 10 Sep 10 Oct 10 Nov 10Dec 10Date+ The Fund returns are calculated based on five decimal placeThe unit prices of the Fund may go down as well as up and the past performance figures shown are not indicative of future performance.The performance of the Fund is not guaranteed.PRUlink Funds 55

Comparative Performance Table For 5 Months Period Ended 31 DecemberASIAN EQUITY FUNDCurrency BreakdownThai BahtHong Kong DollarIndian RupeeIndonesian RupiahMalaysian RinggitNew Taiwan DollarPhilippine PesoSingapore DollarUS DollarKorean WonCash And Cash EquivalentTotal2010%2.9534.0912.653.243.2714.280.885.022.3320.800.49100.00PRUlink Funds 56

Comparative Performance Table For 5 Months Period Ended 31 DecemberASIAN EQUITY FUNDCategory2010%EquityAuto - Auto PartsBreweries & Leisure & HotelsBuilding & ConstructionChemicals & PharmaceuticalsCommercial ServicesComputers & SoftwareDiversified OperationsElectronics & Electrical EquipmentEnergyEngineeringEquitiesExtractive IndustriesFinancialFood & Textiles & ApparelHealth CareHolding Companies-DiversInsuranceManufacturingPropertyReal EstateRetailSemiconductorsTelecommunicationsTransport & TelecomunicationsWarrantsCash And Cash EquivalentTotalNote: Asian Equity Fund is managed by Prudential Asset Management (Singapore) Ltd and sub-managed by Prudential Asset Management (HK) Ltd.2.410.812.253.510.698.171.999.848.765.293.935.3916.591.940.773.405.831.051.653.043.592.061.105.440.0199.510.49100.00PRUlink Funds 57

Comparative Performance Table For 1 Month Period Ended 31 DecemberPRUlink MyOptimizer fundCategory2010%Investment in -Structured ProductCash and DepositsOther AssetsTotal LiabilitiesTotalTotal Net Asset Value (RM)Units in CirculationNAV Per Unit (RM)Highest NAV per unit (RM)Lowest NAV per unit (RM)Total Return (+)- Capital Growth- Income Distribution100.00-100.00(100.00)100.0048,052,80050,055,0000.9600.9600.960--Average Annual Return - Fund (+)PeriodOne yearThree yearsFive yearsn/an/an/aPRUlink Funds 58

Comparative Performance Table For The Financial Year Ended 31 DecemberPRUlink guaranteed accountCategory2010%2009%2008%2007%2006%EquityConsumerConstructionOil and GasIndustrialsFinancePlantationPowerTelecommunicationFixed Income Securities:- Corporate Bonds/Securities- Negotiable Certificate of DepositsCash and DepositsOther AssetsTotal LiabilitiesTotal------------------------6.6696.540.100.21(3.51)100.00---------1.43100.930.020.21(2.60)100.000.20-0.611.32--0.560.292.986.0392.470.110.21(1.80)100.000.380.180.300.48-0.450.43-2.305.9291.201.650.20(1.27)100.00PRUlink Funds 59

Comparative Performance Table For The Financial Year Ended 31 DecemberPRUlink guaranteed accountCategory2010%2009%2008%2007%2006%Total Net Asset Value (RM)Units in CirculationNAV Per Unit (RM)Highest NAV per unit (RM)Lowest NAV per unit (RM)Total Return (+)- Capital Growth- Income Distribution---1.1981.191n/a-13,715,95312,483,2041.0991.1951.146(5.02%)-16,119,91013,934,8891.1571.1571.1182.76%-17,045,58915,141,1391.1261.1261.0624.90%-17,618,11516,415,9041.0731.0741.0155.44%Average Annual Return - Fund (+)PeriodOne yearThree yearsFive years3.31%3.65%n/aAverage Annual Return - Benchmark: Maybank 1 Month Tier 2Fixed Deposit RatePeriodOne yearThree yearsFive years1.90%2.57%n/aPRUlink Funds 60

PRUlink guaranteed account Performance(Since Inception)PRUlink guaranteed account Vs. 1 Month Maybank T2 Fixed Deposit Rate25.00%25.00%20.00%PGA1M MBB T2 FD Rate20.00%15.00%15.00%SI % Change10.00%10.00%5.00%5.00%0.00%0.00%(5.00%)May 05 Jan 06 Oct 06 Jun 07Mar 08 Nov 08 Aug 09 Apr 10(5.00%)Date+ The Fund returns are calculated based on five decimal placeThe unit prices of the Fund may go down as well as up and the past performance figures shown are not indicative of future performance.The performance of the Fund is not guaranteed.PRUlink Funds 61

Statement Of Assets And LiabilitiesStatement Of Assets And Liabilities As At 31 December 2010PRUlink equity fundRM2010 2009%RM%InvestmentsEquities4,639,524,10995.113,323,148,02690.51Cash and DepositsCash at bankDeposits9,503276,190,0000.005.6610,031338,750,0000.009.23Tax Assets1,309,7630.0313,768,3450.37Other Assets14,267,1430.2922,384,0850.61Total Assets4,931,300,518101.093,698,060,487100.72Provision for Deferred Tax(53,087,155)(1.09)(26,318,746)(0.72)Other Liabilities--(2,267)(0.00)Total Liabilities(53,087,155)(1.09)(26,321,013)(0.72)Net Asset Value of the Fund4,878,213,363100.003,671,739,474100.00Policyholders’ FundCapitalGenerated Income carried forward2,961,986,2731,916,227,09060.7239.282,581,481,9051,090,257,56970.3129.694,878,213,363100.003,671,739,474100.00Net Asset Value Per Unit (RM)3.1892.628PRUlink Funds 62

Statement Of Assets And Liabilities As At 31 December 2010PRUlink bond fundRM2010 2009%RM%InvestmentsFixed Income Securities948,627,83191.59756,047,25594.47Cash and DepositsCash at bankDeposits7,70385,200,0000.008.2310,37646,630,0000.005.83Other Assets8,254,9060.797,490,1030.93Total Assets1,042,090,440100.61810,177,734101.23Provision for Taxation(3,512,956)(0.34)(3,618,541)(0.45)Provision for Deferred Tax(1,117,494)(0.11)(575,236)(0.07)Other Liabilities(1,673,746)(0.16)(5,640,093)(0.71)Total Liabilities(6,304,196)(0.61)(9,833,870)(1.23)Net Asset Value of the Fund1,035,786,244100.00800,343,864100.00Policyholders’ FundCapitalGenerated Income carried forward868,158,626167,627,61883.8216.18683,505,537116,838,32785.4014.601,035,786,244100.00800,343,864100.00Net Asset Value Per Unit (RM)2.4372.304PRUlink Funds 63

Statement Of Assets And Liabilities As At 31 December 2010PRUlink managed fundRM2010 2009%RM%Investments in -PRUlink equity fundPRUlink bond fund990,186,752349,370,10373.9226.08763,263,191307,162,48271.3028.70Cash At Bank--1,2140.00Total Assets1,339,556,855100.001,070,426,887100.00Other Liabilities(10,556)(0.00)--Total Liabilities(10,556)(0.00)--Net Asset Value of the Fund1,339,546,299100.001,070,426,887100.00Policyholders’ FundCapitalGenerated Income carried forward862,176,041477,370,25864.3635.64778,247,290292,179,59772.7027.301,339,546,299100.001,070,426,887100.00Net Asset Value Per Unit (RM)2.6742.293PRUlink Funds 64

Statement Of Assets And Liabilities As At 31 December 2010PRUlink managed fund IIRM2010 2009%RM%Investments in -PRUlink equity fundPRUlink bond fund252,164,61751,986,50182.9117.09160,074,62936,526,88581.4218.58Total Assets304,151,118100.00196,601,514100.00Other Liabilities(8,697)(0.00)--Total Liabilities(8,697)(0.00)--Net Asset Value of the Fund304,142,421100.00196,601,514100.00Policyholders’ FundCapitalGenerated Income carried forward238,414,61165,727,81078.3921.61172,956,39023,645,12487.9712.03304,142,421100.00196,601,514100.00Net Asset Value Per Unit (RM)1.6391.383PRUlink Funds 65

Statement Of Assets And Liabilities As At 31 December 2010PRUlink golden equity fundRM2010 2009%RM%Investments in -PRUlink equity fund109,835,22499.9969,932,97199.99Cash and Deposits5,5830.015,8490.01Total Assets109,840,807100.0069,938,820100.00Other Liabilities--(563)(0.00)Total Liabilities--(563)(0.00)Net Asset Value of the Fund109,840,807100.0069,938,257100.00Policyholders’ FundCapitalGenerated Income carried forward87,123,50422,717,30379.3220.6864,808,6615,129,59692.677.33109,840,807100.0069,938,257100.00Net Asset Value Per Unit (RM)1.2521.031PRUlink Funds 66

Statement Of Assets And Liabilities As At 31 December 2010PRUlink golden bond fundRM2010 2009%RM%Investments in -PRUlink bond fund249,643,953100.00173,428,666100.00Cash and Deposits1,7400.001,6710.00Total Assets249,645,693100.00173,430,337100.00Other Liabilities(3,416)(0.00)(228)(0.00)Total Liabilities(3,416)(0.00)(228)(0.00)Net Asset Value of the Fund249,642,277100.00173,430,109100.00Policyholders’ FundCapitalGenerated Income carried forward228,792,29420,849,98391.658.35162,916,98410,513,12593.946.06249,642,277100.00173,430,109100.00Net Asset Value Per Unit (RM)1.1351.079PRUlink Funds 67

Statement Of Assets And Liabilities As At 31 December 2010PRUlink dana unggulRM2010 2009%RM%InvestmentsEquities386,325,41295.48267,437,45889.40Cash and DepositsCash at bankDeposits8,61922,750,0000.005.627,41032,470,0000.0010.86Tax Assets--524,3700.18Other Assets2,178,5350.541,952,7530.65Total Assets411,262,566101.64302,391,991101.09Provision for Taxation(1,053,747)(0.26)--Provision for Deferred Tax(3,252,081)(0.80)(1,761,804)(0.59)Other Liabilities(2,334,000)(0.58)(1,493,523)(0.50)Total Liabilities(6,639,828)(1.64)(3,255,327)(1.09)Net Asset Value of the Fund404,622,738100.00299,136,664100.00Policyholders’ FundCapitalGenerated Income carried forward282,036,688122,586,05069.7030.30235,069,21564,067,44978.5821.42404,622,738100.00299,136,664100.00Net Asset Value Per Unit (RM)2.3672.004PRUlink Funds 68

Statement Of Assets And Liabilities As At 31 December 2010PRUlink dana amanRM2010 2009%RM%InvestmentsFixed Income Securities50,955,61489.4544,496,92394.05Cash and DepositsCash at bankDeposits6,2955,940,0000.0110.431,7642,820,0000.005.96Other Assets386,2750.68394,4230.83Total Assets57,288,184100.5747,713,110100.84Provision for Taxation(177,847)(0.31)(199,023)(0.42)Provision for Deferred Tax(79,341)(0.14)(34,147)(0.07)Other Liabilities(65,385)(0.12)(168,366)(0.35)Total Liabilities(322,573)(0.57)(401,536)(0.84)Net Asset Value of the Fund56,965,611100.0047,311,574100.00Policyholders’ FundCapitalGenerated Income carried forward47,485,6959,479,91683.3616.6440,793,9656,517,60986.2213.7856,965,611100.0047,311,574100.00Net Asset Value Per Unit (RM)1.8351.733PRUlink Funds 69

Statement Of Assets And Liabilities As At 31 December 2010PRUlink dana urusRM2010 2009%RM%Investments in -PRUlink dana unggulPRUlink dana aman78,711,97029,274,74572.8927.1160,847,63125,107,06370.7929.21Cash at bank--3380.00Total Assets107,986,715100.0085,955,032100.00Other Liabilities(802)(0.00)--Total Liabilities(802)(0.00)--Net Asset Value of the Fund107,985,913100.0085,955,032100.00Policyholders’ FundCapitalGenerated Income carried forward77,948,61430,037,29972.1827.8268,846,54817,108,48480.1019.90107,985,913100.0085,955,032100.00Net Asset Value Per Unit (RM)2.1971.924PRUlink Funds 70

Statement Of Assets And Liabilities As At 31 December 2010PRUlink dana urus IIRM2010 2009%RM%Investments inPRUlink dana unggulPRUlink dana aman19,394,0574,186,93382.2517.7511,861,7932,761,27181.1218.88Cash at bank--2090.00Total Assets23,580,990100.0014,623,273100.00Other Liabilities(208)(0.00)--Total Liabilities(208)(0.00)--Net Asset Value of the Fund23,580,782100.0014,623,273100.00Policyholders’ FundCapitalGenerated Income carried forward19,605,0523,975,73083.1416.8613,393,6561,229,61791.598.4123,580,782100.0014,623,273100.00Net Asset Value Per Unit (RM)1.5551.343PRUlink Funds 71

Statement Of Assets And Liabilities As At 31 December 2010PRUlink asia managed fundRM2010 2009%RM%Investments in -Asian Equity FundAsian Bond Fund182,528,83168,147,63675.4328.16192,122,54582,456,77373.0431.35Cash and DepositsCash at bankDeposits554,741-0.23-196,711200,0000.070.08Tax Assets--26,4920.01Other Assets--1,0120.00Total Assets251,231,208103.82275,003,533104.55Provision for Taxation(964,261)(0.40)--Provision for Deferred Tax(1,721,327)(0.71)(1,256,186)(0.48)Other Liabilities(6,563,394)(2.71)(10,704,447)(4.07)Total Liabilities(9,248,982)(3.82)(11,960,633)(4.55)Net Asset Value of the Fund241,982,226100.00263,042,900100.00Policyholders’ FundCapitalGenerated Income carried forward210,678,72731,303,49987.0612.94241,978,01321,064,88791.998.01241,982,226100.00263,042,900100.00Net Asset Value Per Unit (RM)1.2871.231PRUlink Funds 72

Statement Of Assets And Liabilities As At 31 December 2010PRUlink asia property securities fundRM2010 2009%RM%Investment in -Asian Property Securities Fund21,834,921102.1518,780,42199.10Cash and DepositsCash at bankDeposits2,005-0.01-9,833490,000.000.052.59Tax Assets1,5590.01--Provision for Deferred Tax47,9930.2270,6450.37Other Assets--95,5970.50Total Assets21,886,478102.3919,446,496102.61Provision for Taxation--(6,221)(0.03)Other Liabilities(511,163)(2.39)(488,698)(2.58)Total Liabilities(511,163)(2.39)(494,919)(2.61)Net Asset Value of the Fund21,375,315100.0018,951,577100.00Policyholders’ FundCapitalGenerated Income carried forward21,084,301291,01498.641.3621,041,611(2,090,034)111.03(11.03)21,375,315100.0018,951,577100.00Net Asset Value Per Unit (RM)0.8210.733PRUlink Funds 73

Statement Of Assets And Liabilities As At 31 December 2010PRUlink asia local bond fundRM2010 2009%RM%Investment in -Asian Local Bond Fund3,596,956102.182,814,652213.79Cash at bank4,0560.111,4040.11Tax Assets--440.00Total Assets3,601,012102.292,816,100213.90Provision for Taxation(17,266)(0.49)--Provision for Deferred Tax(8,491)(0.24)(8,818)(0.67)Other LiabilitiesAmount due to Operating Fund(54,906)(54,906)(1.56)(1,490,761)(1,490,761)(113.23)Total Liabilities(80,663)(2.29)(1,499,579)(113.90)Net Asset Value of the Fund3,520,349100.001,316,521100.00Policyholders’ FundCapitalGenerated Income carried forward3,238,954281,39592.017.991,116,871199,65084.8415.16Net Asset Value Per Unit (RM)3,520,349100.001,316,521100.001.2581.215PRUlink Funds 74

Statement Of Assets And Liabilities As At 31 December 2010PRUlink global market navigator fundRM2010 2009%RM%Investment in -Global Market Navigator Fund34,847,232104.6644,438,10698.97Cash and DepositsCash at bankDeposits9,113-0.03-94,144490,0000.211.09Tax Assets--2,1680.00Other Assets--537,1401.20Total Assets34,856,345104.6945,561,558101.47Provision for Taxation(70,336)(0.21)--Provision for Deferred Tax(59,120)(0.18)(82,556)(0.18)Other Liabilities(1,431,994)(4.30)(580,533)(1.29)Total Liabilities(1,561,450)(4.69)(663,089)(1.47)Net Asset Value of the Fund33,294,895100.0044,898,469100.00Policyholders’ FundCapitalGenerated Income carried forward32,755,223539,67298.381.6243,155,5521,742,91796.123.8833,294,895100.0044,898,469100.00Net Asset Value Per Unit (RM)1.1611.186PRUlink Funds 75

Statement Of Assets And Liabilities As At 31 December 2010PRUlink dragon peacock fundRM2010%Investment in -Dragon Peacock Fund24,799,750100.00Cash and DepositsCash at bankDepositsOther AssetsTotal AssetsProvision for TaxationProvision for Deferred TaxOther LiabilitiesTotal LiabilitiesNet Asset Value of the Fund6,821560,00072,15225,438,723(294)(82,540)(556,773)(639,607)24,799,1160.032.260.29102.58(0.00)(0.33)(2.25)(2.58)100.00Policyholders’ FundCapitalGenerated Income carried forwardNet Asset Value Per Unit (RM)23,061,5021,737,61424,799,1161.09692.997.01100.00PRUlink Funds 76

Statement Of Assets And Liabilities As At 31 December 2010PRUlink education equity fundRM2010%Investment in -PRUlink equity fund148,669100.00Total Assets148,669100.00Total Liabilities--Net Asset Value of the Fund148,669100.00Policyholders’ FundCapitalGenerated Income carried forward139,2479,42293.666.34148,669100.00Net Asset Value Per Unit (RM)1.173PRUlink Funds 77

Statement Of Assets And Liabilities As At 31 December 2010PRUlink education bond fundRM2010%Investment in -PRUlink bond fund241,361100.00Total Assets241,361100.00Total Liabilities--Net Asset Value of the Fund241,361100.00Policyholders’ FundCapitalGenerated Income carried forward238,6002,76198.861.14241,361100.00Net Asset Value Per Unit (RM)1.043PRUlink Funds 78

Statement Of Assets And Liabilities As At 31 December 2010PRUlink asia equity fundRM2010%Investment in -Asian Equity Fund7,040,43497.58Cash and DepositsCash at bankDeposits7,325320,0000.104.44Other Assets171,0302.37Total Assets7,538,789104.49Provision for Taxation(56)(0.00)Provision for Deferred Tax(5,119)(0.07)Other Liabilities(318,566)(4.42)Total Liabilities(323,741)(4.49)Net Asset Value of the Fund7,215,048100.00Policyholders’ FundCapitalGenerated Income carried forward7,107,291107,75798.511.497,215,048100.00Net Asset Value Per Unit (RM)1.062PRUlink Funds 79

Statement Of Assets And Liabilities As At 31 December 2010PRUlink MyOptimizer fundRM2010%Investment in -Structured Product48,052,800100.00Other AssetsAmount due from Operating Fund48,052,80048,052,800100.00Total Assets96,105,600200.00Other LiabilitiesTrade Purchase Payables(48,052,800)(48,052,800)(100.00)Total Liabilities(48,052,800)(100.00)Net Asset Value of the Fund48,052,800100.00Policyholders’ FundCapitalGenerated Income carried forward48,052,800-100.00-48,052,800100.00Net Asset Value Per Unit (RM)0.960PRUlink Funds 80

Statement Of Assets And Liabilities As At 31 December 2010PRUlink guaranteed accountRM2010 2009%RM%Investments in -Fixed Income SecuritiesCorporate/Debt Securities--993,464993,4646.66Other InvestmentsNegotiable Certificate of Deposits--14,401,92514,401,92596.54Cash and DepositsCash at bank--15,4480.10Other Assets--31,3280.21Total Assets--15,442,165103.51Provision for Taxation--(5,296)(0.03)Provision for Deferred Tax--(102,443)(0.69)Investment Management Fees--(339,499)(2.28)Other Liabilities--(76,996)(0.51)Total Liabilities--(524,234)(3.51)Net Asset Value of the Fund--14,917,931100.00PRUlink Funds 81

Statement Of Assets And Liabilities As At 31 December 2010PRUlink guaranteed accountRM2010 2009%RM%Policyholders’ FundCapitalGenerated Income carried forward(2,955,301)2,955,301--11,927,1822,990,74979.9520.05--14,917,931100.00Net Asset Value Per Unit (RM)-1.195PRUlink Funds 82

Statement Of Changes In Net Asset ValueStatement Of Changes In Net Asset Value For The Financial Year Ended 31 December 2010PRUlink equity fund2010RM2009RMNet Asset Value at beginning of year3,671,739,4742,143,409,641Amounts received from units created1,116,068,0031,070,218,055Amounts paid for units cancelled(735,563,635)(552,980,103)Excess of Income over Outgo825,969,5211,011,091,881Value of fund at end of year4,878,213,3633,671,739,474Statement Of Changes In Net Asset Value For The Financial Year Ended 31 December 2010PRUlink bond fund2010RM2009RMNet Asset Value at beginning of year800,343,864654,170,071Amounts received from units created386,477,430260,629,906Amounts paid for units cancelled(201,824,341)(158,121,707)Excess of Income over Outgo50,789,29143,665,594Value of fund at end of year1,035,786,244800,343,864PRUlink Funds 83

Statement Of Changes In Net Asset Value For The Financial Year Ended 31 December 2010PRUlink managed fund2010RM2009RMNet Asset Value at beginning of year1,070,426,887721,152,508Amounts received from units created233,154,738247,032,417Amounts paid for units cancelled(149,225,987)(126,515,868)Excess of Income over Outgo185,190,661228,757,830Value of fund at end of year1,339,546,2991,070,426,887Statement Of Changes In Net Asset Value For The Financial Year Ended 31 December 2010PRUlink managed fund II2010RM2009RMNet Asset Value at beginning of year196,601,514102,997,512Amounts received from units created137,354,967103,729,037Amounts paid for units cancelled(71,896,746)(52,362,482)Excess of Income over Outgo42,082,68642,237,447Value of fund at end of year304,142,421196,601,514PRUlink Funds 84

Statement Of Changes In Net Asset Value For The Financial Year Ended 31 December 2010PRUlink golden equity fund2010RM2009RMNet Asset Value at beginning of year69,938,25736,522,155Amounts received from units created46,068,59331,370,623Amounts paid for units cancelled(23,753,750)(16,008,987)Excess of Income over Outgo17,587,70718,054,466Value of fund at end of year109,840,80769,938,257Statement Of Changes In Net Asset Value For The Financial Year Ended 31 December 2010PRUlink golden bond fund2010RM2009RMNet Asset Value at beginning of year173,430,109124,566,724Amounts received from units created67,797,87342,226,913Amounts paid for units cancelled(1,922,563)(1,478,619)Excess of Income over Outgo10,336,8588,115,091Value of fund at end of year249,642,277173,430,109PRUlink Funds 85

Statement Of Changes In Net Asset Value For The Financial Year Ended 31 December 2010PRUlink dana unggul2010RM2009RMNet Asset Value at beginning of year299,136,664173,428,270Amounts received from units created122,019,482109,748,077Amounts paid for units cancelled(75,052,009)(59,158,901)Excess of Income over Outgo58,518,60175,119,218Value of fund at end of year404,622,738299,136,664Statement Of Changes In Net Asset Value For The Financial Year Ended 31 December 2010PRUlink dana aman2010RM2009RMNet Asset Value at beginning of year47,311,57438,283,839Amounts received from units created17,468,47315,826,297Amounts paid for units cancelled(10,776,743)(9,031,621)Excess of Income over Outgo2,962,3072,233,059Value of fund at end of year56,965,61147,311,574PRUlink Funds 86

Statement Of Changes In Net Asset Value For The Financial Year Ended 31 December 2010PRUlink dana urus2010RM2009RMNet Asset Value at beginning of year85,955,03257,187,777Amounts received from units created24,535,01525,902,356Amounts paid for units cancelled(15,432,949)(13,781,076)Excess of Income over Outgo12,928,81516,645,975Value of fund at end of year107,985,91385,955,032Statement Of Changes In Net Asset Value For The Financial Year Ended 31 December 2010PRUlink dana urus II2010RM2009RMNet Asset Value at beginning of year14,623,2736,999,181Amounts received from units created15,722,17810,802,000Amounts paid for units cancelled(9,510,782)(5,850,168)Excess of Income over Outgo2,746,1132,672,260Value of fund at end of year23,580,78214,623,273PRUlink Funds 87

Statement Of Changes In Net Asset Value For The Financial Year Ended 31 December 2010PRUlink asia managed fund2010RM2009RMNet Asset Value at beginning of year263,042,900160,694,301Amounts received from units created21,226,82230,368,693Amounts paid for units cancelled(52,526,108)(27,497,908)Excess of Income over Outgo10,238,61299,477,814Value of fund at end of year241,982,226263,042,900Statement Of Changes In Net Asset Value For The Financial Year Ended 31 December 2010PRUlink asia property securities fund2010RM2009RMNet Asset Value at beginning of year18,951,5778,928,234Amounts received from units created5,646,5027,126,301Amounts paid for units cancelled(5,603,812)(1,166,961)Excess of Income over Outgo2,381,0484,064,003Value of fund at end of year21,375,31518,951,577PRUlink Funds 88

Statement Of Changes In Net Asset Value For The Financial Year Ended 31 December 2010PRUlink asia local bond fund2010RM2009RMNet Asset Value at beginning of year1,316,521878,436Amounts received from units created4,010,6503,251,077Amounts paid for units cancelled(1,888,567)(2,985,562)Excess of Income over Outgo81,745172,570Value of fund at end of year3,520,3491,316,521Statement Of Changes In Net Asset Value For The Financial Year Ended 31 December 2010PRUlink global market navigator fund2010RM2009RMNet Asset Value at beginning of year44,898,4694,597,086Amounts received from units created1,672,37243,606,065Amounts paid for units cancelled(12,072,701)(4,846,839)Net (Outgo) / Income(1,203,245)1,542,157Value of fund at end of year33,294,89544,898,469PRUlink Funds 89

Statement Of Changes In Net Asset Value For The Financial Year Ended 31 December 2010PRUlink dragon peacock fund2010RMNet Asset Value at beginning of yearAmounts received from units createdAmounts paid for units cancelledExcess of Income over OutgoValue of fund at end of year-27,430,554(4,369,052)1,737,61424,799,116Statement Of Changes In Net Asset Value For 10 Months Period Ended 31 December 2010PRUlink education equity fund2010RMNet Asset Value at beginning of periodAmounts received from units createdAmounts paid for units cancelledExcess of Income over OutgoValue of fund at end of period-181,791(42,544)9,422148,669PRUlink Funds 90

Statement Of Changes In Net Asset Value For 10 Months Period Ended 31 December 2010PRUlink education bond fund2010RMNet Asset Value at beginning of periodAmounts received from units createdAmounts paid for units cancelledExcess of Income over OutgoValue of fund at end of period-304,869(66,269)2,761241,361Statement Of Changes In Net Asset Value For 5 Months Period Ended 31 December 2010PRUlink asia equity fund2010RMNet Asset Value at beginning of periodAmounts received from units createdAmounts paid for units cancelledExcess of Income over OutgoValue of fund at end of period-7,493,843(386,552)107,7577,215,048PRUlink Funds 91

Statement Of Changes In Net Asset Value For 1 Month Period Ended 31 December 2010PRUlink MyOptimizer fund2010RMNet Asset Value at beginning of periodAmounts received from units createdAmounts paid for units cancelledExcess of Income over OutgoValue of fund at end of period-48,052,800--48,052,800Statement Of Changes In Net Asset Value For The Financial Year Ended 31 December 2010PRUlink guaranteed account2010RM2009RMNet Asset Value at beginning of year14,917,93116,119,909Amounts received from units created--Amounts paid for units cancelled(14,882,483)(1,683,381)Excess of Income over Outgo(35,448)481,403Value of fund at end of year-14,917,931PRUlink Funds 92

Statement Of Income And ExpenditureStatement Of Income And Expenditure For The Financial Year Ended 31 December 2010PRUlink equity fundNet Investment IncomeInterest incomeDividend incomeProfits on DisposalSecuritiesUnrealised Capital GainProvision for taxationTotal IncomeInvestment Management FeesLoss on DisposalSecuritiesProvision for taxationOther OutgoTotal OutgoExcess of Income over OutgoGenerated Income brought forwardGenerated Income carried forward2010RM153,001,0698,987,278144,013,791117,297,021117,297,021665,773,997-936,072,087(62,711,463)(1,234,078)(1,234,078)(46,100,199)(56,826)(110,102,566)825,969,5211,090,257,5691,916,227,0902009RM96,525,3849,335,11887,190,26658,956,57658,956,576989,194,8815,476,2291,150,153,070(43,540,378)(95,097,249)(95,097,249)-(423,562)(139,061,189)1,011,091,88179,165,6881,090,257,569PRUlink Funds 93

Statement Of Income And Expenditure For The Financial Year Ended 31 December 2010PRUlink bond fundNet Investment IncomeInterest incomeProfits on DisposalSecuritiesUnrealised Capital GainTotal IncomeInvestment Management FeesLoss on DisposalSecuritiesProvision for taxationOther OutgoTotal OutgoExcess of Income over OutgoGenerated Income brought forwardGenerated Income carried forward2010RM43,131,55143,131,5511,218,0361,218,03614,400,09658,749,683(4,568,180)--(3,383,871)(8,341)(7,960,392)50,789,291116,838,327167,627,6182009RM35,650,88035,650,880150,500150,50014,932,05350,733,433(3,601,506)(547,896)(547,896)(2,906,508)(11,929)(7,067,839)43,665,59473,172,733116,838,327PRUlink Funds 94

Statement Of Income And Expenditure For The Financial Year Ended 31 December 2010PRUlink managed fundNet Investment IncomeFee RebateProfits on DisposalSecuritiesUnrealised Capital GainTotal IncomeInvestment Management FeesLoss on DisposalSecuritiesTotal OutgoExcess of Income over OutgoGenerated Income brought forwardGenerated Income carried forward2010RM14,528,72714,528,72731,784,65331,784,653156,691,873203,005,253(17,814,592)--(17,814,592)185,190,661292,179,597477,370,2582009RM10,676,69210,676,69212,298,80912,298,809221,510,364.00244,485,865(13,467,368)(2,260,667)(2,260,667)(15,728,035)228,757,83063,421,767292,179,597PRUlink Funds 95

Statement Of Income And Expenditure For The Financial Year Ended 31 December 2010PRUlink managed fund IINet Investment IncomeFee RebateProfits on DisposalSecuritiesUnrealised Capital GainTotal IncomeInvestment Management FeesLoss on DisposalSecuritiesTotal OutgoExcess of Income over OutgoGenerated Income brought forwardGenerated Income carried forward2010RM3,172,4043,172,40410,316,40010,316,40031,726,15345,214,957(3,132,271)--(3,132,271)42,082,68623,645,12465,727,8102009RM1,910,6951,910,6952,805,6782,805,67841,966,97046,683,343(1,912,236)(2,533,660)(2,533,660)(4,445,896)42,237,447(18,592,323)23,645,124PRUlink Funds 96

Statement Of Income And Expenditure For The Financial Year Ended 31 December 2010PRUlink golden equity fundNet Investment IncomeFee RebateProfits on DisposalSecuritiesUnrealised Capital GainOther IncomeTotal IncomeInvestment Management FeesLoss on DisposalSecuritiesOther OutgoTotal OutgoExcess of Income over OutgoGenerated Income brought forwardGenerated Income carried forward2010RM1,311,3571,311,3571,701,7821,701,78215,885,76429818,899,201(1,311,494)---(1,311,494)17,587,7075,129,59622,717,3032009RM785,224785,224311,015311,01518,382,386-19,478,625(783,454)(640,105)(640,105)(600)(1,424,159)18,054,466(12,924,870)5,129,596PRUlink Funds 97

Statement Of Income And Expenditure For The Financial Year Ended 31 December 2010PRUlink golden bond fundNet Investment IncomeFee RebateProfits on DisposalSecuritiesUnrealised Capital GainOther IncomeTotal IncomeInvestment Management FeesLoss on DisposalSecuritiesOther OutgoTotal OutgoExcess of Income over OutgoGenerated Income brought forwardGenerated Income carried forward2010RM1,041,7061,041,706172,719172,71911,205,56829812,420,291(2,083,433)---(2,083,433)10,336,85810,513,12520,849,9832009RM726,715726,71586,30986,3098,756,793-9,569,817(1,454,126)--(600)(1,454,726)8,115,0912,398,03410,513,125PRUlink Funds 98

Statement Of Income And Expenditure For The Financial Year Ended 31 December 2010PRUlink dana unggulNet Investment IncomeInterest incomeDividend incomeProfits on DisposalSecuritiesUnrealised Capital GainProvision for taxationTotal IncomeInvestment Management FeesLoss on DisposalSecuritiesProvision for taxationOther OutgoTotal OutgoExcess of Income over OutgoGenerated Income brought forwardGenerated Income carried forward2010RM11,171,008772,34510,398,66323,983,72423,983,72436,897,104-72,051,836(5,111,549)(4,970,402)(4,970,402)(3,407,174)(44,110)(13,533,235)58,518,60164,067,449122,586,0502009RM7,283,876629,2186,654,65813,984,68313,984,68372,430,5361,103,68894,802,783(3,582,291)(16,038,947)(16,038,947)-(62,327)(19,683,565)75,119,218(11,051,769)64,067,449PRUlink Funds 99

Statement Of Income And Expenditure For The Financial Year Ended 31 December 2010PRUlink dana amanNet Investment IncomeInterest incomeProfits on DisposalSecuritiesUnrealised Capital GainTotal IncomeInvestment Management FeesLoss on DisposalSecuritiesProvision for taxationOther OutgoTotal OutgoExcess of Income over OutgoGenerated Income brought forwardGenerated Income carried forward2010RM2,131,2462,131,246104,892104,8921,158,1243,394,262(259,838)--(164,766)(7,351)(431,955)2,962,3076,517,6099,479,9162009RM1,885,9901,885,990--825,3142,711,304(212,075)(123,052)(123,052)(133,331)(9,787)(478,245)2,233,0594,284,5506,517,609PRUlink Funds 100

Statement Of Income And Expenditure For The Financial Year Ended 31 December 2010PRUlink dana urusNet Investment IncomeFee RebateProfits on DisposalSecuritiesUnrealised Capital GainTotal IncomeInvestment Management FeesLoss on DisposalSecuritiesTotal OutgoExcess of Income over OutgoGenerated Income brought forwardGenerated Income carried forward2010RM1,156,8341,156,8342,293,5272,293,52710,907,25014,357,611(1,428,796)--(1,428,796)12,928,81517,108,48430,037,2992009RM858,486858,486883,157883,15716,484,72018,226,363(1,085,477)(494,911)(494,911)(1,580,388)16,645,975462,50917,108,484PRUlink Funds 101

Statement Of Income And Expenditure For The Financial Year Ended 31 December 2010PRUlink dana urus IINet Investment IncomeFee RebateProfits on DisposalSecuritiesUnrealised Capital GainTotal IncomeInvestment Management FeesLoss on DisposalSecuritiesTotal OutgoExcess of Income over OutgoGenerated Income brought forwardGenerated Income carried forward2010RM234,823234,823967,647967,6471,775,8052,978,275(232,162)--(232,162)2,746,1131,229,6173,975,7302009RM136,330136,330309,502309,5022,623,5693,069,401(136,449)(260,692)(260,692)(397,141)2,672,260(1,442,643)1,229,617PRUlink Funds 102

Statement Of Income And Expenditure For The Financial Year Ended 31 December 2010PRUlink asia managed fundNet Investment IncomeInterest incomeOthersProfits on DisposalSecuritiesUnrealised Capital GainProvision for TaxationTotal IncomeInvestment Management FeesLoss on DisposalSecuritiesProvision for TaxationOther OutgoTotal OutgoExcess of Income over OutgoGenerated Income brought forwardGenerated Income carried forward2010RM(4,800,607)430(4,801,037)12,315,21912,315,2197,288,958-14,803,570(3,284,557)--(1,277,380)(3,021)(4,564,958)10,238,61221,064,88731,303,4992009RM805,33415,697789,6372,298,3312,298,331106,518,231225,210109,847,106(2,943,649)(7,421,530)(7,421,530)-(4,113)(10,369,292)99,477,814(78,412,927)21,064,887PRUlink Funds 103

Statement Of Income And Expenditure For The Financial Year Ended 31 December 2010PRUlink asia property securities fundNet Investment IncomeInterest incomeOthersProfits on DisposalSecuritiesUnrealised Capital GainProvision for TaxationTotal IncomeInvestment Management FeesProvision for TaxationOther OutgoTotal OutgoExcess of Income over OutgoGenerated Income brought forwardGenerated Income carried forward2010RM(48,457)468(48,925)7,9927,9922,728,892-2,688,427(296,118)(10,013)(1,248)(307,379)2,381,048(2,090,034)291,0142009RM(3,535)1,412(4,947)--4,207,58953,2864,257,340(188,654)-(4,683)(193,337)4,064,003(6,154,037)(2,090,034)PRUlink Funds 104

Statement Of Income And Expenditure For The Financial Year Ended 31 December 2010PRUlink asia local bond fundNet Investment IncomeInterest incomeOthersProfits on DisposalSecuritiesUnrealised Capital GainTotal IncomeInvestment Management FeesUnrealised Capital LossProvision for TaxationOther OutgoBank chargesTotal OutgoExcess of Income over OutgoGenerated Income brought forwardGenerated Income carried forward2010RM(56,920)849(57,769)198,091198,091-141,171(26,299)(16,558)(15,275)(1,294)(1,294)(59,426)81,745199,650281,3952009RM(19,761)997(20,758)--210,896191,135(9,716)-(8,220)(629)(629)(18,565)172,57027,080199,650PRUlink Funds 105

Statement Of Income And Expenditure For The Financial Year Ended 31 December 2010PRUlink global market navigator fundNet Investment IncomeInterest incomeOthersProfits on DisposalSecuritiesUnrealised Capital GainTotal IncomeInvestment Management FeesProvision for TaxationUnrealised Capital LossOther OutgoTotal OutgoNet (Outgo) / IncomeGenerated Income brought forwardGenerated Income carried forward2010RM(952,722)329(953,051)940,024940,024-(12,698)(481,612)(41,984)(666,508)(443)(1,190,547)(1,203,245)1,742,917539,6722009RM(78,624)15,072(93,696)--1,925,3671,846,743(222,963)(74,155)-(7,468)(304,586)1,542,157200,7601,742,917PRUlink Funds 106

Statement Of Income And Expenditure For The Financial Year Ended 31 December 2010PRUlink dragon peacock fund2010RMNet Investment IncomeInterest incomeOthersUnrealised Capital GainTotal IncomeInvestment Management FeesProvision for TaxationOther OutgoTotal OutgoExcess of Income over OutgoGenerated Income brought forwardGenerated Income carried forward(73,836)9,164(83,000)2,137,3312,063,495(237,301)(82,834)(5,746)(325,881)1,737,614-1,737,614PRUlink Funds 107

Statement Of Income And Expenditure For 10 Months Period Ended 31 December 2010PRUlink education equity fund2010RMNet Investment IncomeFee RebateProfits on DisposalSecuritiesUnrealised Capital GainTotal IncomeInvestment Management FeesTotal OutgoExcess of Income over OutgoGenerated Income brought forwardGenerated Income carried forward6216211,6341,6347,78810,043(621)(621)9,422-9,422PRUlink Funds 108

Statement Of Income And Expenditure For 10 Months Period Ended 31 December 2010PRUlink education bond fund2010RMNet Investment IncomeFee RebateProfits on DisposalSecuritiesUnrealised Capital GainTotal IncomeInvestment Management FeesTotal OutgoExcess of Income over OutgoGenerated Income brought forwardGenerated Income carried forward3323327007002,3923,424(663)(663)2,761-2,761PRUlink Funds 109

Statement Of Income And Expenditure For 5 Months Period Ended 31 December 2010PRUlink asia equity fund2010RMNet Investment IncomeInterest incomeOthersUnrealised Capital GainTotal IncomeInvestment Management FeesProvision for TaxationOther OutgoTotal OutgoExcess of Income over OutgoGenerated Income brought forwardGenerated Income carried forward(6,296)3,059(9,355)134,263127,967(13,087)(5,175)(1,948)(20,210)107,757-107,757PRUlink Funds 110

Statement Of Income And Expenditure For 1 Month Period Ended 31 December 2010PRUlink MyOptimizer fund2010RMNet Investment IncomeInterest incomeOthersUnrealised Capital GainTotal IncomeInvestment Management FeesProvision for TaxationOther OutgoTotal OutgoExcess of Income over OutgoGenerated Income brought forwardGenerated Income carried forward-----------PRUlink Funds 111

Statement Of Income And Expenditure For The Financial Year Ended 31 December 2010PRUlink guaranteed accountNet Investment IncomeInterest incomeDividend incomeProfits on DisposalSecuritiesUnrealised Capital GainOther IncomeTotal IncomeInvestment Management FeesUnrealised Capital LossProvision for taxationOther OutgoTotal OutgoNet (Outgo) / IncomeGenerated Income brought forwardGenerated Income carried forward2010RM62,97962,979-2,620,0222,620,022-1,1532,684,154(24,432)(2,561,063)(133,847)(260)(2,719,602)(35,448)2,990,7492,955,3012009RM66,66466,664-264,612264,612263,03313,093607,402(75,867)-(41,701)(8,431)(125,999)481,4032,509,3462,990,749PRUlink Funds 112

Notes To The Financial Statements1. Summary of Significant Accounting Policiesa. Basis of AccountingThe financial statements have been prepared in accordance with Guidelines on Investment-LinkedInsurance Business (BNM/RH/GL 010-15), modified by the following for the purposes of unit pricing:i. investments at market value are adjusted to include future cost of acquisitions.This is to ensure equitable unit pricing for incoming, outgoing and remaining unit-holders;ii. provision for deferred tax on unrealised gains using an actuarially calculated rate of 4% instead ofthe statutory rate of 8%.The Board of Directors are of the opinion that since these gains will only be realised in the future,the lower tax rate of 4% has been used to ensure equitable unit pricing for incoming, outgoing andremaining unit-holders; andb. InvestmentsQuoted investments are valued at the closing market prices at the end of the financial year.Unquoted loan stocks/bonds are valued at the prevailing prices quoted by financial institutions.Net unrealised gains or losses in value of investments are credited or charged to the Statement of Incomeand Expenditure.c. Dividend IncomeDividend income is recognised when the right to receive payment is established.d. Interest IncomeInterest income is recognised on an accrual basis.PRUlink Funds 113

e. Gains/Losses on Disposal of InvestmentsGains or losses arising from the disposal of investments are credited or charged to the Statement ofIncome and Expenditure.f. Investment Management FeesInvestment management fees are calculated in accordance with the provisions of the policy document.g. Fee RebateThis relates to a rebate of fees from the Fund Manager in respect of investment held in PRUlink equityfund and PRUlink bond fund for the PRUlink managed fund / PRUlink managed fund II / PRUlink goldenequity fund / PRUlink golden bond fund / PRUlink education equity fund / PRUlink education bond fund andin PRUlink dana unggul and PRUlink dana aman for the PRUlink dana urus / PRUlink dana urus II.h. Cash and Cash EquivalentsCash and cash equivalents consist of cash on hand and balances with banks, excluding fixed and calldeposits.2. Other Outgo comprises bank charges and custodian charges.3. Rebates and Soft CommissionsThe Fund Managers are restricted by the regulation from receiving any rebate or share any commission fromany broker/dealer. Accordingly, any rebate and soft commission received from stockbrokers/dealers shallbe directed to the Funds. However, soft commissions received in the form of goods and services which areof demonstrable benefit to unit-holders such as fundamental databases, financial wire services, technicalanalysis software and stock quotation system incidental to investment management of the Funds are retainedby the Fund Manager.4. At 31 December 2010, the Funds had no contingent liabilities or commitments.5. All amounts are stated in Ringgit Malaysia.PRUlink Funds 114

Perutusan Ketua Pegawai EksekutifPemegang Polisi Yang Dihargai,Tahun 2010 merupakan tahun yang sungguh luarbiasa bagi Prudential Assurance Malaysia. Saya denganbangganya memaklumkan kepada pelanggan kami yangdihargai sekalian bahawa Prudential merupakan syarikatinsurans hayat pertama di Malaysia yang meraih nilai jualanperniagaan baru melebihi RM1 bilion.Bagi tahun kewangan berakhir 31 Disember 2010, jumlahjualan Kesetaraan Premium Tahunan (atau APE) perniagaanbaru Prudential – yang merangkumi jualan insurans Hayatdan Takaful Keluarga 1 – meningkat 24% kepada RM1.021bilion, dari tahun 2009.Kami ingin menyampaikan rasa penghargaan dan terimakasih kepada para Perancang Kewangan, ejen, ketuaagensi, rakan kongsi bankasurans dan kakitangan kamikerana mencapai tahap kecemerlangan baru dalam sejarahPrudential selama 87 tahun di Malaysia. Kepada semuapelanggan kami, kami ucapkan terima kasih yang tidakterhingga di atas kepercayaan dan keyakinan anda terhadapPrudential. Dari lubuk hati kami, kami ucapkan, SebilionTerima Kasih! Kami amat berbangga kerana berpeluangmemenuhi keperluan kewangan dan perlindungan anda.Sebagai penanggung insurans pilihan anda, kami tetapkomited untuk memupuk dan mengukuhkan hubungankami dengan anda, keluarga anda dan orang tersayang.Kami terus melabur dalam pengambilan, pembangunandan pengekalan kakitangan dan pengurus kami yang manamisi mereka adalah untuk memudahkan anda berurusandengan Prudential. Perancang Kewangan dan ejen kamiperlu menjalani latihan dan pembangunan yang sistematikdemi memastikan perkembangan profesional mereka yangberterusan – sebagai penasihat yang dipercayai yang akansentiasa menolong anda mencari penyelesaian kewanganyang tepat kepada keperluan peringkat hidup anda yangberubah-ubah.Kami terus mendengar untuk memahami keperluan andadan menawarkan produk yang inovatif. PRUmy child, yangdiperkenalkan pada Mac 2010, merupakan satu contohyang tepat kepada moto kami “Sentiasa Mendengar,Sentiasa Memahami”. Dengan mendengari kebimbangandi hati kecil para ibu bapa dan bakal ibu bapa, kami telahmembolehkan mereka mula melindungi anak merekasebelum anak mereka lahir lagi – PRUmy child adalahpelan insurans pertama di Malaysia yang menawarkanperlindungan seumpama itu. Di samping perlindungansepanjang hayat yang standard, ia juga menyediakan danapendidikan dengan pembayaran terjamin dan potensimemberi pulangan yang mungkin lebih tinggi bagi menolongibu bapa membiayai perbelanjaan pendidikan anak merekapada masa depan. Sejak kemunculannya, PRUmy child telahberkembang menjadi salah satu produk kami yang palingpopular. Ia adalah pemacu penting kepada pertumbuhanperniagaan baru syarikat kami tahun lalu.1Produk Takaful yang diedarkan oleh para agensi Prudential Assurance Malaysia ditajajamin oleh Prudential BSN Takaful Berhad, satu usaha sama antara Prudentialdan Bank Simpanan Nasional.PRUlink Funds 115

Kami juga mula menaik taraf dan mengembangkanrangkaian cawangan kami di seluruh Malaysia pada tahun2010 dan akan meneruskan usaha ini pada tahun 2011.Saya rasa anda akan bersetuju dengan saya bahawateknologi telah menjadi satu keperluan dalam hidup. DiPrudential, kami sentiasa berusaha untuk menerokai carauntuk memanfaatkan teknologi supaya dapat memberiperkhidmatan yang lebih baik kepada anda.Sepertimana yang telah kita alami pada masa lalu, keadaanekonomi dan kewangan dunia, serantau dan tempatanboleh berubah. Namun di Prudential ada satu perkarayang tidak pernah berubah, iaitu tanggungjawab kamiuntuk memastikan syarikat kami terus berdaya maju danmempunyai kedudukan kewangan yang teguh untukbertahun-tahun akan datang. Anda telah mengamanahkankami dengan tanggungjawab yang besar untuk menjaminmasa depan kewangan anda. Demi anda semua, kamibertanggungjawab memastikan perniagaan kami teruskukuh supaya kami dapat membantu serta menunaikanjanji kami terhadap anda apabila sesuatu yang tidak didugaberlaku – sama ada penyakit kritikal, hilang upaya ataukematian pencari nafkah keluarga.Prestasi Dana PRUlink Pada Tahun 2010Selain menguruskan perniagaan kami dengan berhemat,kami juga memberi perhatian berat kepada memupukpertumbuhan pelaburan anda dengan kami. Falsafahpelaburan kami untuk sentiasa mencipta nilai bagipemegang polisi kami dalam jangka panjang sekali lagiterbukti memberi faedah dengan sebahagian besar danaPRUlink (dana berkaitan pelaburan) kami mencatatkanpulangan yang positif bagi tahun 2010.Sebagai contohnya, dana ekuiti tempatan kami – PRUlinkequity fund, yang dimulakan pada Julai 1997 – mencatatkanpulangan sebanyak 21.34% bagi tahun dalam tinjauan.Nilai Aset Bersihnya pada 31 Disember 2010 meningkatkepada RM3.189 seunit daripada RM2.628 yang dicatatkanpada akhir tahun 2009.Pada tahun 2010, kami berjaya menambahkan lima danabaru kepada portfolio kami yang sedia ada. Ini telahmembolehkan kami menawarkan lebih banyak pilihankepada para pemegang polisi kami untuk menambahkanwang mereka selaras dengan selera risiko, matlamat dantempoh masa pelaburan mereka. Dana-dana ini ialahPRUlink dragon peacock fund, PRUlink education equity fund,PRUlink education bond fund, PRUlink asia equity fund danPRUlink MyOptimizer fund. Kesemuanya, kecuali PRUlinkMyOptimizer fund yang hanya dimulakan pada 30 Disember,telah mencatatkan prestasi yang memberangsangkan dalamtahun itu.Polisi insurans berkaitan pelaburan anda bertujuan untukmemenuhi matlamat kewangan jangka panjang anda danmelindungi masa depan kewangan keluarga anda. Kamimemahami bahawa situasi anda dalam hidup dan keperluananda mungkin berubah dari masa ke semasa. Pelan insuransberkaitan pelaburan kami memberi anda pilihan untukmengarahkan premium atau nilai dana anda kepada pilihandana PRUlink yang berlainan pada bila-bila masa dalamtempoh polisi anda melalui kemudahan pemindahan danakami. Empat pemindahan pertama dalam tahun yang samaadalah percuma.Untuk butir-butir lengkap mengenai semua dana PRUlinkkami dan prestasi mereka masing-masing, sila lihathalaman 188 laporan ini. Jika anda mempunyai sebarangpertanyaan mengenai pelaburan anda, sila hubungiPerancang Kewangan Prudential atau ejen anda. Anda jugaboleh menghubungi Wakil Perkhidmatan Pelanggan kamidi talian 03-2116 0228, atau hantarkan pertanyaan andakepada customer.mys@prudential.com.my. Kami sediamembantu anda.Akhir kata, izinkan saya mengucapkan terima kasih sekali lagikerana memberi kami peluang untuk memenuhi keperluankewangan dan insurans anda. Kami menghargai sokongananda dan berharap untuk terus memberi perkhidmatanyang terbaik buat anda.Semoga anda sihat, makmur dan bahagia sepanjang tahunini.Yang ikhlas,Charlie E. Oropeza CLU, ChFC, CPCUKetua Pegawai EksekutifPrudential Assurance Malaysia BerhadPRUlink Funds 116

Objektif DanaPRUlink equity fund bertujuan untuk memaksimumkanpulangan dalam jangka sederhana hingga panjang denganmelabur dalam saham berkualiti tinggi yang tersenarai diBursa Saham Kuala Lumpur.PRUlink bond fund (dahulunya dikenali sebagai PRUlink fixedinterest fund) bertujuan untuk menyediakan pengumpulanmodal dalam jangka sederhana hingga panjang denganmelabur dalam sekuriti faedah tetap terpilih, bon korporatdan deposit tetap.PRUlink managed fund / PRUlink managed fund II berusahauntuk memaksimumkan pulangan dalam jangka sederhanahingga panjang dengan melabur dalam saham dan sekuritifaedah tetap menerusi PRUlink equity fund dan PRUlink bondfund dan dalam mana-mana dana PRUlink yang mungkindisediakan pada masa depan.PRUlink golden equity fund bertujuan untuk memaksimumkanpulangan dalam jangka sederhana hingga panjang denganmengambil kira keperluan untuk menjelaskan pembayaranyang dijamin. Ini dicapai dengan melabur dalam sahamberkualiti tinggi yang tersenarai di Bursa Malaysia danmana-mana instrumen kewangan lain yang akan digunakanuntuk melindung nilai portfolio.PRUlink golden bond fund bertujuan untuk menyediakanpengumpulan modal jangka sederhana hingga panjangdengan mengambil kira keperluan untuk menjelaskanpembayaran yang dijamin. Ini dicapai dengan melaburdalam sekuriti faedah tetap terpilih, bon korporat dandeposit tetap, dan mana-mana instrumen kewangan lain yangakan digunakan untuk melindung nilai portfolio.PRUlink dana unggul (dahulunya dikenali sebagai PRUlinkdana ra’sul mal) bertujuan untuk memaksimumkan pulangandalam jangka sederhana hingga panjang dengan melaburdalam saham berkualiti tinggi yang diluluskan Syariah yangtersenarai di Bursa Saham Kuala Lumpur.PRUlink dana aman (dahulunya dikenali sebagai PRUlink danasanad) bertujuan untuk menyediakan pengumpulan modaldalam jangka sederhana hingga panjang dengan melaburdalam sekuriti hutang Islam terpilih.PRUlink dana urus (dahulunya dikenali sebagai PRUlink danaidarah) / PRUlink dana urus II adalah dana yang diuruskansecara aktif yang bertujuan untuk memaksimumkan pulangandalam jangka sederhana hingga panjang. Ini dicapai denganmelabur dalam saham yang diluluskan Syariah dan sekuritihutang Islam menerusi PRUlink dana unggul dan PRUlink danaaman dan dalam mana-mana dana PRUlink seumpamanyayang mungkin disediakan pada masa depan.PRUlink asia managed fund bertujuan untuk memaksimumkanpulangan dalam jangka sederhana hingga panjang melaluiperuntukan aset yang aktif di kalangan kelas aset yangberlainan (ekuiti, pendapatan tetap dan instrumen pasaranwang) di rantau Asia Pasifik kecuali Jepun.PRUlink asia property securities fund adalah dana yangdiuruskan secara aktif yang bertujuan untuk memaksimumkanpendapatan dan pulangan jangka panjang. Ini dicapaidengan melabur dalam Dana Pelaburan Harta Tanah (REIT)yang tersenarai dan sekuriti syarikat-syarikat berkaitan hartayang diperbadankan, tersenarai atau menjalankan aktivitiutamanya di rantau Asia Pasifik termasuk Jepun, Australiadan New Zealand.PRUlink asia local bond fund adalah dana yang diuruskansecara aktif yang bertujuan untuk memaksimumkan jumlahpulangan melalui pelaburan dalam sekuriti pendapatantetap atau sekuriti hutang yang ditarafkan dan juga tidakditarafkan.PRUlink global market navigator fund adalah dana yangdiuruskan secara aktif yang bertujuan untuk mencapaipulangan mutlak yang positif dalam jangka sederhanamelalui pelaksanaan strategi peruntukan aset yangdiuruskan secara aktif dalam aset global yang terpelbagaitermasuk tunai, ekuiti, bon dan mata wang.PRUlink dragon peacock fund adalah satu dana yang bertujuanuntuk memaksimumkan jumlah pulangan jangka panjangmelalui pelaburan terutamanya dalam ekuiti dan instrumenberkaitan ekuiti syarikat, yang diperbadankan, disenaraikan,atau beroperasi terutamanya dari, atau menjalankanperniagaan utama dalam, atau memperolehi kebanyakanhasil pendapatan dari, atau di mana anak syarikat, syarikatberkaitan atau bersekutu yang memperolehi kebanyakanhasil pendapatan dari Republik China (PRC) dan India.PRUlink Funds 117

Pada permulaan, PRUlink dragon peacock fund akandilaburkan dalam dana kecil bernama Dana PeluangAntarabangsa – Dragon Peacock (International OpportunitiesFunds – Dragon Peacock) yang diuruskan oleh PrudentialAsset Management (Singapore) Limited. Pelaburan dalamDana Kecil termasuk, tetapi tidak terhad kepada, sekurititersenarai dalam Pasaran Teriktiraf, resit simpanan termasukResit Simpanan Amerika (American Depository Receiptsatau ADR) dan Resit Simpanan Global (Global DepositoryReceipts atau GDR), sekuriti hutang yang boleh ditukar kesaham biasa, saham keutamaan dan waran. Dana mungkindilaburkan dalam dana atau dana kecil lain yang diuruskanoleh Prudential Asset Management (Singapore) Limited ataumana-mana pengurus dana yang ditetapkan dari masa kesemasa.PRUlink education equity fund bertujuan untukmemaksimumkan pulangan dalam jangka sederhanahingga panjang, dengan mengambil kira keperluan untukmemenuhi pembayaran keluar yang terjamin. Ini dicapaidengan pelaburan dalam saham berkualiti tinggi yangtersenarai di Bursa Malaysia dan lain-lain alat kewanganyang digunakan untuk melindungi nilai portfolio.PRUlink education bond fund bertujuan menyediakanpertumbuhan modal jangka sederhana hingga panjang,dengan mengambil kira keperluan dana untuk memenuhipembayaran keluar yang terjamin. Ini dilakukan denganpelaburan dalam sekuriti faedah tetap, bon korporat,deposit tetap dan lain-lain alat kewangan yang digunakanuntuk melindungi nilai portfolio.PRUlink asia equity fund adalah satu dana yang bertujuanuntuk memaksimumkan jumlah pulangan jangka panjangmelalui pelaburan dalam ekuiti dan syarikat sekuritiberkaitan ekuiti, yang diperbadankan, atau mempunyaiaktiviti utama bidang mereka di kawasan Asia Pasifik tidaktermasuk Jepun. Kawasan Asia Pasifik tidak termasukJepun termasuk tetapi tidak terhad kepada negara-negaraberikut: Korea, Taiwan, Hong Kong, Filipina, Negara Thai,Malaysia, Singapura, Indonesia, Republik China (PRC), India,Pakistan, Australia dan New Zealand. Dana juga mungkinmelabur dalam resit simpanan [termasuk Resit SimpananAmerika (American Depository Receipts atau ADR) dan ResitSimpanan Global (Global Depository Receipts atau GDR)],sekuriti hutang yang boleh ditukar ke saham biasa, sahamkeutamaan dan waran.PRUlink MyOptimizer fund adalah dana tertutup lima tahundengan modal terjamin pada kematangan oleh PrudentialAssurance Malaysia Berhad. Dana ini melabur dalam satudeposit berstruktur yang memberi pelabur pendedahankepada (1) sekuriti pendapatan tetap Malaysia dan (2) kelasaset berbilang seperti ekuiti global, komoditi, bon daninstrumen tunai. PRUlink MyOptimizer fund berusaha untukmencapai risiko pulangan terlaras tertinggi yang berpotensimemberi pulangan baik, jika ada, sebagai bonus prestasitahunan kepada pelabur sambil memberi perlindunganmodal 100% pada kematangan.PRUlink guaranteed account bertujuan untuk menyediakanpengumpulan modal bertempoh 5 tahun denganmelaburkan dananya dalam bon terpilih dan/atau instrumenpendapatan tetap lain dan pasaran ekuiti.PRUlink Funds 118

Tinjauan PelaburanPasaran EkuitiTahun 2010 merupakan satu lagi tahun yang amatmemberangsangkan. Selepas melantun 43% pada tahun 2009,Indeks Komposit Kuala Lumpur FBM (IKKL FBM) meningkat18% setakat ini dan dalam proses itu memecahkan banyakrekod termasuk paras tertingginya sebelum ini. Faktorfaktordomestik yang merancakkan pasaran ialah usahatransformasi kerajaan seperti Program TransformasiEkonomi (ETP), Model Ekonomi Baru (NEM) dan RancanganMalaysia Ke-10 (RMK-10). Pasaran menghadapi rintanganmenjelang pertengahan tahun kerana pelabur bimbangtentang kemelesetan berulang di Eropah dan AmerikaSyarikat (AS), tetapi dana asing bertukar menjadi pembelibersih yang besar dalam separuh kedua tahun itu ekoranredanya kebimbangan tentang kemelesetan berulang danmeningkatnya kesedaran tentang potensi pertumbuhanyang lebih kukuh dalam pasaran sedang muncul.Tahun 2010 bermula perlahan. Tidak banyak pemangkinuntuk memacu bursa tempatan selain daripada pengumumantentang NEM pada akhir Mac. Kebimbangan tentang krisishutang Eropah terutamanya di Greece mengehadkansebarang lonjakan besar dalam pasaran ekuiti global danserantau. Malaysia mengalami aliran keluar baru dana asingdari Januari hingga Mei.Walau bagaimanapun, pasaran ekuiti global dan serantaumula melonjak kukuh selepas jualan besar-besaran padabulan April hingga Mei. IKKL FBM merosot daripada paras1,350 mata ke paras terendah 1,240 mata dalam tempohini. Namun begitu, sejak paras terendah yang dicatatkanpada bulan Mei, pasaran ekuiti di seluruh dunia mengalamilonjakan kukuh. Malaysia mula mengalami aliran masukbersih dana asing dari bulan Jun.Di dalam negara, banyak pengumuman daripada kerajaanMalaysia yang membuatkan pelabur teruja tentang Malaysia.Terdapat pengumuman mengenai RMK-10 pada bulan Jundisusuli dengan Hari Terbuka ETP pada bulan September,kemudian disusuli pula dengan Bajet 2011 pada bulanOktober. UMNO juga mengadakan Perhimpunan Agungnyapada Oktober tahun lepas. Pada bulan September, FTSEmenaikkan taraf Malaysia daripada pasaran sedang munculsekunder kepada pasaran sedang muncul maju.Saham perladangan menikmati penarafan semula padabulan Oktober, terima kasih kepada harga komoditi yanglebih tinggi termasuk minyak sawit mentah (CPO). Sahampembinaan ditaraf semula berikutan peningkatan kukuhGamuda dan kemunculan semulanya di IKKL FBM. Juga,komitmen kerajaan untuk merangsangkan ekonomitempatan telah ditegaskan semula banyak kali, misalnya,semasa pengumuman RMK-10 pada bulan Jun, pelancaranringan ETP pada bulan September dan Bajet 2011 pada bulanOktober. Saham harta menokok naik tanpa diduga apabilapelabur tidak menghiraukan kebimbangan tentang hadyang dikenakan ke atas nisbah pinjaman kepada nilai danmemberi perhatian kepada kesan perolehan jualan tertinggipada tahun 2010. Aliran berita tentang perbankan tanahdan projek penswastaan tanah yang mungkin dilaksanakanoleh pemaju-pemaju besar juga menolong menarafkansemula sektor ini.Namun begitu, pada bulan November, lonjakan dari bulanJun terhenti. IKKL FBM meningkat daripada paras 1,243mata pada akhir bulan Mei untuk mencapai paras 1,531mata pada pertengahan November. Kebimbangan tentangkrisis fiskal Ireland dengan ketegangan daripada seranganKorea Utara menyaksikan pasaran ekuiti global dan serantaujuga terhenti daripada lonjakannya masing-masing. Kamimelihat tempoh ini sebagai fasa pembetulan bagi pasaranekuiti global dan serantau selepas lonjakan kukuh padabulan Jun hingga November.Pasaran BonPada Januari 2010, Bank Negara Malaysia (BNM)mengekalkan kadar dasar semalaman (OPR) pada paras2.0%. Ura-ura tentang pernomalan kadar faedahmenimbulkan spekulasi pasaran mengenai masa danjumlah kenaikan kadar pada mesyuarat Jawatankuasa DasarKewangan (MPC) yang akan datang. Pada 4 Mac 2010,BNM menjadi bank pusat yang pertama di Asia menaikkankadar dasar penanda arasnya. Ia menaikkan OPR sebanyak25 mata asas kepada 2.25%, menandakan permulaan kearah pernomalan kadar faedah daripada paras terendahsemasa yang belum pernah dialami sebelum ini, iaitu 2%sejak Februari 2009. Kadar hasil bon berdaulat bertempohPRUlink Funds 119

sederhana hingga panjang merosot apabila permintaanbertambah baik berikutan dagangan mata wang.Pada 13 Mei 2010, BNM telah menaikkan kadar dasarpenanda arasnya buat kali kedua dalam masa setahunsebanyak 25 mata asas kepada 2.50%, bertujuanuntuk menormalkan kadar faedah bagi mencegahketidakseimbangan kewangan daripada meningkat. S&Pmengesahkan penarafan kredit berdaulat Malaysia A+(penarafan mata wang tempatan) / A- (penarafan mata wangasing) dengan tinjauan masa depan yang stabil. Penarafanini adalah berdasarkan kedudukan kecairan luaran negarayang agak kukuh, ekonomi terbuka dan kemampuan teguhuntuk membiayai semula hutang kerajaan. Inflasi yang bolehdiurus, kenaikan nilai Ringgit dan pengesahan penarafankredit berdaulat oleh S&P telah mendorong minat dalambon kerajaan.BNM telah menaikkan OPR sebanyak 25 mata asas lagikepada 2.75% pada 8 Julai 2010, kenaikan kali ketigaberturut-turut sejak 10 Mac. Walaupun aktiviti ekonomidomestik terus kukuh pada suku kedua, BNM memberiperingatan bahawa perkembangan luaran dalampersekitaran kewangan dan ekonomi antarabangsaboleh menyebabkan penurunan dalam kadar kepesatanpertumbuhan. BNM mengekalkan OPR pada 2 September2010 apabila momentum pertumbuhan global menyusutdisebabkan kelemahan berterusan dalam pasaran buruh.Selain itu, kesan rangsangan sementara kepada aktivitiekonomi yang diberikan oleh pertambahan inventori danrangsangan dasar juga mula pudar.BNM membuat keputusan untuk mengekalkan kadar OPRpada paras 2.75% pada mesyuarat Jawatankuasa DasarKewangan (MPC) pada 12 November 2010. JawatankuasaDasar Kewangan menganggap dasar kewangan semasasebagai sesuai dan selaras dengan taksiran terbarupertumbuhan ekonomi dan prospek inflasi. Dalam Bajet2011 Malaysia, defisit fiskal Malaysia disasarkan berkurangankepada 5.4% daripada Keluaran Dalam Negara Kasar(KDNK) pada tahun 2011 (5.6% daripada KDNK pada tahun2010). Oleh yang demikian, jumlah peminjaman Kerajaankasar pada tahun 2011 dijangka meningkat daripada kirakiraRM60 bilion pada tahun 2010 kepada anggaran RM90bilion. Dengan keluarnya kalendar lelongan bon berdaulat2011 yang menunjukkan bilangan terbitan bertarikh panjangyang lebih besar, maka bahagian keluk hasil berdaulat yangbertempoh panjang mungkin akan meningkat.Bagi tempoh 1 tahun dalam tinjauan, kadar hasil bonberdaulat bertempoh 3, 5 dan 10 tahun berubah masingmasingsebanyak -13 mata asas, -45 mata asas dan -25mata asas untuk ditutup pada paras 3.11%, 3.34% dan4.00%.Pasaran bon korporat menyaksikan penurunan tarafterbitan hutang pengendali air Selangor. Ini disebabkanketidakpastian yang menyelubungi penstrukturan semulaindustri air Selangor yang belum selesai. Kadar hasil bonkorporat bergerak seiring dengan kadar hasil bon berdaulatwalaupun ketinggalan. Aktiviti dalam pasaran bon korporatdisokongan oleh kecairan yang melimpah dan didominasikanoleh nama-nama terpilih dalam segmen AAA dan AA.PRUlink Funds 120

Prestasi DanaPRUlink equity fundPada Disember 2010, Nilai Aset Bersih seunit PRUlink equityfund adalah pada paras RM3.189 berbanding denganRM2.628 pada akhir tahun 2009. Bagi tempoh dalamtinjauan, prestasi dana sebanyak 21.34% adalah lebihrendah daripada prestasi penanda aras iaitu 21.76%.Sejak dimulakan pada Julai 1997, Dana ini telah mencatatkanpeningkatan keseluruhan sebanyak 219.21% berbandingdengan prestasi penanda aras iaitu 48.52%, justerumengatasi prestasi pasaran sebanyak 170.69%.PRUlink bond fundPada 31 Disember 2010, Nilai Aset Bersih seunit PRUlinkbond fund meningkat kepada RM2.437 daripada RM2.304pada akhir tahun 2009, mencatatkan pulangan sebanyak5.74% bagi tahun itu.Sejak dilancarkan pada 15 Julai 1997, Dana ini mencatatkanpeningkatan sebanyak 143.51%.PRUlink managed fundPada 31 Disember 2010, Nilai Aset Bersih seunit PRUlinkmanaged fund ialah RM2.674 berbanding dengan RM2.293pada akhir tahun 2009. Bagi tempoh dalam tinjauan,PRUlink managed fund melaporkan pulangan sebanyak16.59% yang lebih rendah daripada pulangan penandaaras sebanyak 17.14%.Sejak dimulakan pada 14 September 1999, Dana inimencatatkan peningkatan sebanyak 167.35%.PRUlink managed fund IIPada 31 Disember 2010, Nilai Aset Bersih seunit PRUlinkmanaged fund II ialah RM1.639 berbanding denganRM1.383 pada akhir tahun 2009. Bagi tempoh dalamtinjauan, PRUlink managed fund II melaporkan pulangansebanyak 18.50% yang lebih rendah daripada pulanganpenanda aras yang sebanyak 18.68%.Sejak dimulakan pada Ogos 2006, Dana ini mencatatkanpeningkatan sebanyak 63.89%.PRUlink golden equity fundPada 31 Disember 2010, Nilai Aset Bersih seunit PRUlinkgolden equity fund ialah RM1.252 berbanding denganRM1.031 pada akhir tahun 2009. Bagi prestasi 1 tahun, Danaini mencatatkan pulangan sebanyak 21.45% yang lebihrendah daripada pulangan penanda aras iaitu 21.76%.Sejak dimulakan pada 19 November 2007, Dana inimencatatkan pulangan negatif sebanyak 25.19%.PRUlink golden bond fundPada 31 Disember 2010, Nilai Aset Bersih seunit PRUlinkgolden bond fund ialah RM1.135 berbanding denganRM1.079 pada akhir tahun 2009, sekali gus mencatatkanpeningkatan sebanyak 5.13%.Sejak dimulakan pada 19 November 2007, Dana ini mencatatkanpeningkatan sebanyak 13.47%.PRUlink dana unggulPRUlink dana unggul menutup tahun 2010 pada parasRM2.367 berbanding dengan RM2.004 pada akhir tahun2009. Bagi tahun tersebut, prestasi dana sebanyak 18.10%adalah lebih rendah daripada pulangan penanda aras iaitu18.20%.Sejak dilancarkan pada 1 Ogos 2000, Dana ini mencatatkanpulangan positif sebanyak 136.73%.PRUlink dana amanPada 31 Disember 2010, Nilai Aset Bersih seunit PRUlinkdana aman meningkat kepada RM1.835 daripada RM1.733pada akhir tahun 2009, sekali gus mencatatkan pulangansebanyak 5.89% bagi tahun itu.Sejak dilancarkan pada 1 Ogos 2000, Dana ini mencatatkanpeningkatan 82.45%.PRUlink dana urusPada 31 Disember 2010, Nilai Aset Bersih seunit PRUlinkdana urus ialah RM2.197 berbanding dengan RM1.924 padaakhir tahun 2009. Bagi tahun dalam tinjauan, prestasi Danasebanyak 14.19% adalah lebih rendah daripada pulanganpenanda aras iaitu 14.65%.Sejak dimulakan, Dana ini mencatatkan peningkatansebanyak 119.42%.PRUlink Funds 121

PRUlink dana urus IIPada 31 Disember 2010, Nilai Aset Bersih seunit PRUlinkdana urus II ialah RM1.555 berbanding dengan RM1.343pada akhir tahun 2009. Bagi tahun dalam tinjauan, prestasiDana sebanyak 15.79% adalah lebih rendah daripadapulangan penanda aras iaitu 15.83%.Sejak dimulakan pada 1 Ogos 2006, Dana ini mencatatkanpulangan positif sebanyak 55.46%.PRUlink asia managed fundPRUlink asia managed fund menutup tahun 2010 pada parasRM1.287 berbanding dengan RM1.231 pada akhir 2009.Bagi tahun 2010, dana ini melaporkan pulangan sebanyak4.56% di mana penanda aras adalah 5.76%.Sejak dimulakan pada 30 November 2005, Dana inimencatatkan pulangan sebanyak 28.95%.PRUlink asia property securities fundPada 31 Disember 2010, Nilai Aset Bersih seunit PRUlinkasia property securities fund ialah RM0.821. Sehingga kinidalam tahun ini, dana ini mencatatkan pulangan sebanyak12.05%, mengatasi pulangan penanda aras iaitu 9.19%.Sejak dimulakan pada 12 Februari 2008, Dana inimencatatkan pulangan negatif sebanyak 18.26%.PRUlink asia local bond fundPada 31 Disember 2010, Nilai Aset Bersih seunit PRUlinkasia local bond fund ialah RM1.258. Sehingga kini dalamtahun ini, Dana ini mencatatkan pulangan sebanyak 3.49%,mengatasi pulangan penanda aras iaitu 1.77%.Sejak dimulakan pada 16 September 2008, Dana inimencatatkan pulangan positif sebanyak 26.00%.PRUlink global market navigator fundPada 31 Disember 2010, Nilai Aset Bersih seunit PRUlinkglobal market navigator fund ialah RM1.161. Sehingga kinidalam tahun ini, dana ini mencatatkan pulangan negatif2.14%. Sejak dimulakan pada 16 September 2008, Danaini mencatatkan pulangan positif sebanyak 16.36%.PRUlink dragon peacock fundPada 31 Disember 2010, Nilai Aset Bersih seunit PRUlinkdragon peacock fund ialah RM1.096. Sejak dimulakan pada20 Januari 2010, Dana ini mencatatkan pulangan sebanyak9.57% berbanding dengan prestasi penanda aras iaitu3.21%, maka ia mengatasi prestasi pasaran sebanyak6.37%.PRUlink education equity fundPada 31 Disember 2010, Nilai Aset Bersih seunit PRUlinkeducation equity fund ialah RM1.173, mencatatkan pulangansebanyak 17.31%. Sejak dimulakan pada 10 Mac 2010,PRUlink education equity fund mengatasi pulangan penandaaras iaitu 16.55%.PRUlink education bond fundPada 31 Disember 2010, Nilai Aset Bersih seunit PRUlinkeducation bond fund ialah RM1.043 dengan prestasipulangan 4.29%. Sejak dimulakan pada 10 Mac 2010,PRUlink education bond fund mencatatkan pulangan dibawah penanda aras sebanyak 1.02%.PRUlink asia equity fundPada 31 Disember 2010, Nilai Aset Bersih seunit PRUlinkasia equity fund ialah RM1.062. Sejak dimulakan pada 17September 2010, PRUlink asia equity fund mencatatkanpulangan 6.21%, di bawah penanda aras iaitu 9.29%.PRUlink MyOptimizer fundPRUlink MyOptimizer fund hanya dimulakan pada 30Disember 2010, tiada pulangan dicatatkan. Nilai Aset Bersihseunit PRUlink MyOptimizer fund ialah RM0.960 setakat 31Disember 2010.PRUlink guaranteed accountDana PRUlink guaranteed account matang pada 30 April2010. Sila rujuk kepada laporan penutup untuk maklumatlanjut.PRUlink Funds 122

Tinjauan Masa Depan PelaburanEkuitiKami tetap positif tetapi berhati-hati tentang ekuiti Malaysiapada tahun 2011. Perolehan korporat dijangka terus teguh,didorong oleh permintaan pengguna yang berdaya tahan,harga komoditi yang kukuh dan disokong oleh inisiatifProgram Transformasi Ekonomi (ETP) kerajaan. Kami jugamenjangkakan lebih banyak Projek Titik Masuk (EPP) bakaldiumumkan di bawah ETP dan mengharapkan pelaksanaanprojek-projek EPP yang telah diumumkan.Penggabungan & Pengambilalihan (M&A) akan terus menjaditema utama di dalam negara. Barisan syarikat yang bakalmelaksanakan IPO dijangka kukuh, justeru itu berpotensimemacu pasaran modal ekuiti lebih jauh lagi. Pilihan rayakilat pada tahun 2011 boleh mencetuskan ketidakpastian dikalangan pelabur.Kami terus memilih strategi pelaburan bawah ke atas bagitempoh akan datang, di mana pemilihan saham taktikaldan peruntukan aset akan memacu prestasi dana yangmemberangsangkan. Kami akan terus mencari syarikatyang mempunyai kestabilan dalam perolehan, daya saingdalam pasaran tempatan atau luar negara, ketelusan danamalan tadbir urus korporat yang baik.BonPemansuhan subsidi berikutnya akan dilaksanakanpada tahun 2011, sejajar dengan pelan pemansuhansubsidi kerajaan setiap 6 bulan. Ini, bersama dengankenaikan harga makanan dan harga komoditi dunia akanmenyebabkan peningkatan inflasi yang merupakan satufenomena yang semakin membimbangkan di rantauini. Walau bagaimanapun, Bank Negara Malaysia (BNM)menjangkakan inflasi akan terus sederhana pada tahun2011 meskipun terdapat rasionalisasi subsidi. Sebarangkenaikan dalam kadar dasar kemungkinan akan hanyadilaksanakan menjelang separuh kedua 2011.BNM telah mengeluarkan kalendar lelongan bon berdaulatdengan penawaran lelongan yang lebih besar bersertalebih banyak terbitan yang bertempoh panjang. Keteguhanmata wang serantau, terutamanya Ringgit, dan kelebihandagangan mata wang terus memberikan sokongan asasbagi kadar hasil bon berdaulat yang didenominasikan dalamRinggit kerana pelabur mencari aset yang mendatangkanpulangan keuntungan yang lebih tinggi. Namun begitu,aliran keluar dana yang tiba-tiba disebabkan pengelakanrisiko akan mencetuskan kemeruapan dalam kelas asetpasaran sedang muncul, termasuk bon berdaulat yangdidenominasikan dalam Ringgit.Aktiviti dalam bon korporat dijangka bertambah rancakkerana penerbit mengambil kesempatan daripadapersekitaran kadar faedah yang secara relatifnya rendah danselera risiko pelabur yang bertambah baik, untuk menguncikos peminjaman yang lebih murah.Kami menjangkakan bahawa pasaran bon akan terusdisokong oleh kecairan domestik yang melimpah danpersekitaran kredit yang bertambah baik. Kami akan terusmengumpulkan terbitan berkualiti dengan aliran tunai yangstabil dan mencari peluang dagangan.ASIAGambaran Keseluruhan PasaranPasaran Asia di luar Jepun mencatatkan satu lagi tahunyang memberangsangkan, meningkat 17% daripada tahunsebelumnya yang juga merupakan satu tahun yang amatbaik. Aliran kecairan ke rantau ini yang didorong oleh kadarfaedah yang rendah dan asas struktur yang kukuh memacuharga naik, lantas meningkatkan tekanan inflasi.Bank-bank pusat di rantau ini melaksanakan satu pusingankenaikan kadar sepanjang tahun, bermula dengan kenaikankadar yang pertama oleh Bank Negara Malaysia. MeskipunBank Rakyat China menaikkan nisbah keperluan rizabPRUlink Funds 123

sebanyak enam kali dalam tahun itu, negara-negara Asiayang lain kelihatannya ketinggalan dalam menaikkan kadarkerana bimbang langkah itu akan menakutkan pelaburanasing. Negara-negara Asia juga mengambil inisiatif untukmembendung kenaikan harga makanan. China dan HongKong terutamanya mengenakan pelbagai kawalan ke atasgelembung hartanah yang semakin membesar.Menjelang akhir tahun, ketegangan di semenanjungKorea menarik perhatian pasaran tetapi tidak mengalihkantumpuan daripada pertumbuhan ekonomi, tekanan inflasidan kenaikan harga komoditi serta makanan global.Tinjauan Masa DepanBank-bank pusat di seluruh rantau ini perlu menjagakeseimbangan antara merangsangkan pertumbuhanekonomi dan mengehadkan tekanan inflasi kerana harga,terutamanya makanan dan komoditi, terus meningkat.Lebih banyak kenaikan kadar dijangka berlaku sepanjangtahun ini berserta kenaikan lagi dalam nilai mata wangAsia, untuk membendung inflasi yang melambung. Ketikakerajaan Asia beranjak untuk fokus kepada penggunaandomestik dan bukannya bergantung pada eksport untukmemacu ekonomi mereka, kerajaan akan terus membelanjake atas infrastruktur untuk meningkatkan kualiti hidup dinegara-negara sedang muncul. Kawalan lanjut dijangkaakan dilaksanakan dan kawalan yang telah dilaksanakanpada tahun sebelumnya akan diuji keberkesanannya dalammembendung gelembung hartanah di China.Sedangkan kami berwas-was bahawa pasaran stok mungkinakan meruap jikalau timbul sebarang peristiwa global,Pengurus Dana akan terus fokus kepada strategi pelaburanbawah ke atas dan pemilihan saham di bawah nilai. Asaskegemaran di Asia akan terus menyokong permintaan daripelabur global yang mencari hasil dan pulangan lebih tinggidari bon Asian, juga nilai yang masih boleh didapati dipasaran dan sektor terpilih.GLOBALGambaran Keseluruhan PasaranEkuiti global memberikan gambaran yang positif selepasbegitu mengharapkan pemulihan pada tahun 2009. IndeksMSCI AC World meningkat 10.4%, sekaligus mengesahkanbahawa ekonomi global sememangnya bertambah baik.Ketegangan politik di Korea dan Timur Tengah mencetuskankebimbangan dalam tahun itu tetapi tidak menghakissentimen pasaran keseluruhan yang positif.Kebimbangan tentang sama ada pemulihan yang tinggidi Amerika Syarikat (AS) hanyalah sementara sebelummenjunam lagi mendorong AS merangsangkan lagiekonominya dengan melaksanakan Pelonggaran Kuantitatifkali kedua (QE2).Kesatuan Eropah (EU) melaksanakan kempen jimat cermatuntuk memulihkan krisis hutangnya. Kerajaan-kerajaananggota dalam EU memotong perbelanjaan awam dankebajikan sosial serta mengurangkan defisit belanjawankerajaan masing-masing melalui pelan jimat cermat.Dengan Greece dan Ireland menerima suntikan kecairan,kebimbangan tentang penularan kemelut hutang Eropahakan terus menjadi satu isu, dengan pelabur begitu bimbangtentang Sepanyol dan Portugal.Dengan kecairan membanjiri pasaran dan mencari pulanganyang lebih tinggi, Asia merupakan penyumbang disebabkandaya tarikan kadar faedahnya yang rendah, strukturkewangan dan perolehan korporat yang lebih teguh sertapelaksanaan dagangan. Tahun 2010 menyaksikan banyaknegara di rantau Asia telah melaksanakan dasar untukmengawal isu-isu ini yang telah melanda seluruh Asia.Tinjauan Masa DepanKeyakinan baru berserta dasar-dasar yang digubal olehkerajaan-kerajaan pada tahun 2010 mewujudkan suasanauntuk apa yang bakal dihadapi di tahun 2011. Kamimelihat tiga isu yang berlainan bakal mendominasi tahunPRUlink Funds 124

ini di mana pelaksanaan dan penarikan balik dasar-dasarnyamerupakan kunci:1. QE2 di AS2. Program jimat cermat di Eropah3. Kawalan di AsiaKeberkesanan QE2 AS kali kedua akan diuji mengenai isuisuyang telah dirancang untuk dipulihkan oleh program itu,iaitu merangsangkan pertumbuhan ekonomi, menurunkankadar pengangguran yang begitu tinggi dan menurunkandefisit perdagangan AS.Di kawasan Euro, pembahagian antara negara-negarapinggiran dan jirannya yang lebih stabil, iaitu Jerman danPerancis, akan mencetuskan persoalan kestabilan dankeberkesanan blok Kesatuan Eropah dan Euro. Sama adaprogram jimat cermat akan mencapai tujuannya tetapmenjadi satu harapan bagi tahun 2011.Faktor lain yang akan memacu sebarang perubahanekonomi ialah perubahan iklim yang sentiasa melanda dimana-mana, kenaikan harga komoditi dan keteganganpolitik di Korea dan Timur Tengah. Tahun 2011 juga akanmenyaksikan institusi kewangan bergegas untuk memenuhikeperluan baru Basel III yang memerlukan paras modal dantahap ketelusan pelaporan yang lebih tinggi.Ekuiti global dilihat akan menawarkan nilai yang baik ditahun 2011. Pengurus Dana akan terus berfokus kepadastrategi pelaburan bawah ke atas dan pemilihan sahamyang di bawah nilai. Oleh sebab bon korporat lazimnyamembayangkan nilai, kunci kira-kira korporat yang telahdiperteguh sepanjang tahun 2010 dijangka akan teruspada tahun 2011. Jurang perbezaan hasil antara korporatdan pemerintah masih mencukupi untuk menjadikan bonpulangan tinggi kelihatan menarik. Pengurus Dana akanterus berpihak kepada kredit yang menawarkan nilaiekstrem berbanding dengan risiko.Bank-bank pusat di Asia terpaksa terus mengetatkan dasarfiskal dan kewangannya dengan lebih agresif bagi mengawalkenaikan inflasi, gelembung hartanah dan kenaikan nilaimata wang.PRUlink Funds 125

Sorotan KewanganJadual Prestasi Perbandingan Bagi Tahun Kewangan Berakhir 31 DisemberPRUlink equity fundKategori2010%2009%2008%2007%2006%EkuitiBahan BinaanKonglomeratPembinaanBarang PenggunaPerbankan & KewanganPerjudianPerusahaanPerkilanganMediaMotorMinyak & GasPerladanganKuasaHartaPerkhidmatanTeknologiTelekomunikasiPerkayuanPengangkutanAir0.577.075.283.0629.268.651.670.161.141.685.197.015.103.16-1.0612.31-2.500.2395.110.109.372.710.9825.5712.092.85-2.491.652.798.176.301.70-0.9110.710.021.670.4190.510.198.702.921.6520.5311.141.41-2.301.335.306.616.152.53-0.619.190.043.340.0884.011.2313.574.882.3717.8614.391.07-2.623.058.531.447.114.33-0.885.340.184.000.2193.070.515.895.452.9020.6914.190.25-2.962.686.392.7810.192.620.090.638.45-5.81-92.47Tunai dan DepositAset LainJumlah LiabilitiJumlah5.660.32(1.09)100.009.230.98(0.72)100.0017.180.98(2.17)100.007.012.21(2.29)100.007.570.89(0.92)100.00PRUlink Funds 126

Jadual Prestasi Perbandingan Bagi Tahun Kewangan Berakhir 31 DisemberPRUlink equity fundKategori2010%2009%2008%2007%2006%Jumlah Nilai Aset Bersih (RM)Unit dalam EdaranNAB Seunit (RM)NAB Tertinggi Seunit (RM)NAB Terendah Seunit (RM)Jumlah Pulangan (+)- Pertumbuhan Modal- Agihan Pendapatan4,878,213,3631,529,617,6133.1893.1982.57121.34%-3,671,739,4741,397,005,6322.6282.6291.77942.47%-2,143,409,6411,161,871,1701.8452.7951.776(31.29%)-2,499,605,255931,032,0432.6852.6932.11627.82%-1,679,978,001799,841,6022.1002.1031.74119.83%-Pulangan Tahunan Purata - Dana (+)TempohSatu tahunTiga tahunLima tahun21.34%5.94%12.74%Pulangan Tahunan Purata - Penanda Aras: Indeks FTSE Bursa Malaysia Top 100 (FBM100)TempohSatu tahunTiga tahunLima tahun21.76%2.30%11.45%PRUlink Funds 127

Prestasi PRUlink equity fund(Sejak Dimulakan)PRUlink equity fund berbanding Indeks FTSE Bursa Malaysia Top 100 (FBM100)220.00%200.00%180.00%160.00%140.00%120.00%PEFIndex-FBM100220.00%200.00%180.00%160.00%140.00%120.00%% Perubahan SD100.00%80.00%60.00%40.00%20.00%100.00%80.00%60.00%40.00%20.00%0.00%(20.00%)(40.00%)(60.00%)(80.00%)0.00%(20.00%)(40.00%)(60.00%)(80.00%)(100.00%)(100.00%)JulMacSepMacSep MacSepMacSepMacSepMacSepMacSepMac SepMacSepMacSepMacSepMacSepMacSep979898999900000101020203030404050506060707080809091010Tarikh+ Pulangan Dana dikira berdasarkan lima tempat perpuluhanHarga unit Dana mungkin turun dan juga naik dan angka prestasi lepas yang ditunjukkan tidak membayangkan prestasi masa depan.Prestasi Dana adalah tidak dijamin.PRUlink Funds 128

Jadual Prestasi Perbandingan Bagi Tahun Kewangan Berakhir 31 DisemberPRUlink bond fundKategori2010%2009%2008%2007%2006%Sekuriti Pendapatan Tetap:- Bon/Sekuriti Korporat- Sijil Deposit Boleh NiagaTunai dan DepositAset LainJumlah LiabilitiJumlah91.100.498.230.79(0.61)100.0093.820.655.830.93(1.23)100.0086.730.8311.981.48(1.02)100.0082.061.0915.642.00(0.79)100.0089.971.937.011.93(0.84)100.00Jumlah Nilai Aset Bersih (RM)Unit dalam EdaranNAB Seunit (RM)NAB Tertinggi Seunit (RM)NAB Terendah Seunit (RM)Jumlah Pulangan (+)- Pertumbuhan Modal- Agihan Pendapatan1,035,786,244425,071,2982.4372.4352.3065.74%-800,343,864347,298,0062.3042.3052.1706.23%-654,170,071301,559,4772.1692.1692.0932.44%-494,300,406233,422,2972.1182.1182.0324.41%-285,503,729140,774,5042.0282.0311.8846.43%Pulangan Tahunan Purata - Dana (+)TempohSatu tahunTiga tahunLima tahun5.74%4.76%5.02%Pulangan Tahunan Purata - Penanda Aras: Kadar FD Maybank 12 Bulan Tingkat 1TempohSatu tahunTiga tahunLima tahun2.74%2.99%3.29%PRUlink Funds 129

Prestasi PRUlink bond fund(Sejak Dimulakan)160.00%PRUlink bond fund berbanding Kadar FD Maybank 12 Bulan Tingkat 1160.00%140.00%120.00%PBF12M MBB T1FD rate140.00%120.00%% Perubahan SD100.00%80.00%60.00%100.00%80.00%60.00%40.00%40.00%20.00%20.00%0.00%Jul97Mac98Sep98Mac99Sep Mac99 00Sep00Mac01Sep01Mac02Sep02Mac03Sep03Mac04Sep04Mac Sep05 05Mac06Sep06Mac07Sep07Mac08Sep08Mac09Sep09Mac100.00%Sep10Tarikh+ Pulangan Dana dikira berdasarkan lima tempat perpuluhanHarga unit Dana mungkin turun dan juga naik dan angka prestasi lepas yang ditunjukkan tidak membayangkan prestasi masa depan.Prestasi Dana adalah tidak dijamin.PRUlink Funds 130

Jadual Prestasi Perbandingan Bagi Tahun Kewangan Berakhir 31 DisemberPRUlink managed fundKategori2010%2009%2008%2007%2006%Pelaburan dalam-PRUlink equity fundPRUlink bond fundTunai dan DepositAset LainJumlah LiabilitiJumlah73.9226.08---100.0071.3028.70---100.0064.6635.34---100.0075.8224.18---100.0071.8928.11---100.00Jumlah Nilai Aset Bersih (RM)Unit dalam EdaranNAB Seunit (RM)NAB Tertinggi Seunit (RM)NAB Terendah Seunit (RM)Jumlah Pulangan (+)- Pertumbuhan Modal- Agihan Pendapatan1,339,546,299501,044,2752.6742.6772.26116.59%-1,070,426,887466,787,1942.2932.2941.73729.36%-721,152,508406,807,4061.7732.3661.721(22.70%)-781,813,876340,912,4262.2932.2981.91120.71%-566,823,443298,345,3661.9001.9251.63515.68%-Pulangan Tahunan Purata - Dana (+)TempohSatu tahunTiga tahunLima tahun16.59%5.25%10.24%Pulangan Tahunan Purata-Penanda Aras: 70% Indeks FTSE Bursa Malaysia Top 100 (FBM 100) + 30% Kadar FD Maybank 12 Bulan Tingkat 1TempohSatu tahunTiga tahunLima tahun16.05%2.51%9.25%PRUlink Funds 131

Prestasi PRUlink managed fund(Sejak Dimulakan)PRUlink managed fund berbanding 70% FBM100 + 30% Kadar FD Maybank 12 Bulan T1180.00%180.00%160.00%140.00%PMF70% FBM100 + 30%12 MTH MBB T1 FD rate160.00%140.00%120.00%120.00%% Perubahan SD100.00%80.00%60.00%100.00%80.00%60.00%40.00%40.00%20.00%20.00%0.00%0.00%(20.00%)(20.00%)SepDisApr Ogo Dis Apr OgoDisApr Ogo DisApr Ogo DisApr Ogo DisApr Ogo DisApr OgoDisApr OgoDisApr OgoDisApr OgoDisApr OgoDis9999000000010101020202030303040404050505060606070707080808090909101010Tarikh+ Pulangan Dana dikira berdasarkan lima tempat perpuluhanHarga unit Dana mungkin turun dan juga naik dan angka prestasi lepas yang ditunjukkan tidak membayangkan prestasi masa depan.Prestasi Dana adalah tidak dijamin.PRUlink Funds 132

Jadual Prestasi Perbandingan Bagi Tahun Kewangan Berakhir 31 DisemberPRUlink managed fund IIKategori2010%2009%2008%2007%2006%Pelaburan dalam -PRUlink equity fundPRUlink bond fundTunai dan DepositAset LainJumlah LiabilitiJumlah82.9117.09---100.0081.4218.58---100.0076.2623.74---100.0083.0416.96---100.0081.5018.50---100.00Jumlah Nilai Aset Bersih (RM)Unit dalam EdaranNAB Seunit (RM)NAB Tertinggi Seunit (RM)NAB Terendah Seunit (RM)Jumlah Pulangan (+)- Pertumbuhan Modal- Agihan Pendapatan304,142,421185,582,5661.6391.6411.36018.50%-196,601,514142,153,4011.3831.3831.00634.02%-102,997,51299,809,5661.0321.4310.999(25.37%)-82,686,67959,799,4381.3831.3861.13422.69%-13,325,29511,827,8451.1271.1270.99912.66%-Pulangan Tahunan Purata - Dana (+)TempohSatu tahunTiga tahunLima tahun18.50%5.83%tiadaPulangan Tahunan Purata-Penanda Aras: 80% Indeks FTSE Bursa Malaysia Top 100 (FBM 100) + 20% Kadar FD Maybank 12 Bulan Tingkat 1TempohSatu tahunTiga tahunLima tahun17.95%2.44%tiadaPRUlink Funds 133

Prestasi PRUlink managed fund II(Sejak Dimulakan)70.00%PRUlink managed fund II berbanding 80% FBM100 + 20% Kadar FD Maybank 12 Bulan T170.00%50.00%50.00%% Perubahan SD30.00%30.00%10.00%PMF280% FBM100 + 20%12M MBB T1 FD rate10.00%(10.00%)Ogos 06 Mac 07 Nov 07 Jun 08 Feb 09 Sep 09 Mei 10 Dis 10(10.00%)Tarikh+ Pulangan Dana dikira berdasarkan lima tempat perpuluhanHarga unit Dana mungkin turun dan juga naik dan angka prestasi lepas yang ditunjukkan tidak membayangkan prestasi masa depan.Prestasi Dana adalah tidak dijamin.PRUlink Funds 134

Jadual Prestasi Perbandingan Bagi Tahun Kewangan Berakhir 31 DisemberPRUlink golden equity fundKategori2010%2009%2008%2007%Pelaburan dalam-PRUlink equity fundTunai dan DepositAset LainJumlah LiabilitiJumlah99.990.01--100.0099.990.01--100.0099.980.02--100.0099.980.02--100.00Jumlah Nilai Aset Bersih (RM)Unit dalam EdaranNAB Seunit (RM)NAB Tertinggi Seunit (RM)NAB Terendah Seunit (RM)Jumlah Pulangan (+)- Pertumbuhan Modal- Agihan Pendapatan109,840,80787,742,7021.2521.2541.00821.45%-69,938,25767,853,4571.0311.0310.69842.47%-36,522,15550,482,1780.7231.0960.697(31.27%)-35,942,94434,143,7511.0531.0561.0005.27%-Pulangan Tahunan Purata - Dana (+)TempohSatu tahunTiga tahunLima tahun21.45%18.92%tiadaPulangan Tahunan Purata-Penanda Aras: Indeks FTSE Bursa Malaysia Top 100 (FBM 100)TempohSatu tahunTiga tahunLima tahun21.76%7.07%tiadaPRUlink Funds 135

Prestasi PRUlink golden equity fund(Sejak Dimulakan)30.00%PRUlink golden equity fund berbanding Indeks FTSE Bursa Malaysia Top 100 (FBM100)30.00%20.00%20.00%10.00%10.00%% Perubahan SD0.00%(10.00%)(20.00%)0.00%(10.00%)(20.00%)(30.00%)(30.00%)(40.00%)PGEIndex-FBM100(40.00%)(50.00%)Nov07Dis07Feb08Apr08Jun08Ogos08Okt08Dis08Feb09Apr09Jun09Ogos09Okt09Dis09Feb10Apr10Jun10Ogos10Okt10Dis10(50.00%)Tarikh+ Pulangan Dana dikira berdasarkan lima tempat perpuluhanHarga unit Dana mungkin turun dan juga naik dan angka prestasi lepas yang ditunjukkan tidak membayangkan prestasi masa depan.Prestasi Dana adalah tidak dijamin.PRUlink Funds 136

Jadual Prestasi Perbandingan Bagi Tahun Kewangan Berakhir 31 DisemberPRUlink golden bond fundKategori2010%2009%2008%2007%Pelaburan dalam-PRUlink bond fundTunai dan DepositAset LainJumlah LiabilitiJumlah100.00---100.00100.00---100.00100.00---100.00100.00---100.00Jumlah Nilai Aset Bersih (RM)Unit dalam EdaranNAB Seunit (RM)NAB Tertinggi Seunit (RM)NAB Terendah Seunit (RM)Jumlah Pulangan (+)- Pertumbuhan Modal- Agihan Pendapatan249,642,277220,001,9511.1351.1351.0805.13%-173,430,109160,677,5261.0791.0801.0215.70%-124,566,722121,987,8341.0211.0960.6971.94%-80,078,45579,945,3831.0021.0021.0000.17%-Pulangan Tahunan Purata - Dana (+)TempohSatu tahunTiga tahunLima tahun5.13%13.29%tiadaPulangan Tahunan Purata-Penanda Aras: Kadar FD Maybank 12 Bulan Tingkat 1TempohSatu tahunTiga tahunLima tahun2.74%9.24%tiadaPRUlink Funds 137

Prestasi PRUlink golden bond fund(Sejak Dimulakan)PRUlink golden bond fund berbanding Kadar FD Maybank 12 Bulan T114.50%13.50%12.50%11.50%10.50%9.50%PGB12M MBB T1 FD rate14.50%13.50%12.50%11.50%10.50%9.50%% Perubahan SD8.50%7.50%6.50%5.50%4.50%8.50%7.50%6.50%5.50%4.50%3.50%2.50%1.50%0.50%(0.50%)3.50%2.50%1.50%0.50%(0.50%)(1.50%)Nov07Dis07Feb08Apr08Jun08Ogos08Okt08Dis08Feb09Apr09Jun09Ogos09Okt09Dis09Feb10Apr10Jun10Ogos10Okt10Dis10(1.50%)Tarikh+ Pulangan Dana dikira berdasarkan lima tempat perpuluhanHarga unit Dana mungkin turun dan juga naik dan angka prestasi lepas yang ditunjukkan tidak membayangkan prestasi masa depan.Prestasi Dana adalah tidak dijamin.PRUlink Funds 138

Jadual Prestasi Perbandingan Bagi Tahun Kewangan Berakhir 31 DisemberPRUlink dana unggulKategori2010%2009%2008%2007%2006%EkuitiBahan BinaanKonglomeratPembinaanBarang PenggunaKewanganPerusahaanPerkilanganMediaMotorMinyak & GasPerladanganKuasaHartaPerkhidmatanTeknologiTelekomunikasiPerkayuanPengangkutanAir2.2510.8613.822.310.141.651.090.101.839.1312.758.607.02-0.4317.52-5.99-95.483.2813.377.663.110.435.90--1.595.7414.5910.475.05-0.6313.12-3.740.7289.401.524.2312.702.440.202.07-0.630.9013.7912.990.213.93--9.79-5.029.0379.455.1115.828.612.98-4.90-1.503.859.967.548.506.52-2.166.310.795.792.0692.404.657.748.626.08-3.84-1.141.868.126.3914.846.120.263.029.79-6.890.8290.18Tunai dan DepositAset LainJumlah LiabilitiJumlah5.620.54(1.64)100.0010.860.83(1.09)100.0020.283.15(2.88)100.007.191.56(1.15)100.009.201.45(0.83)100.00PRUlink Funds 139

Jadual Prestasi Perbandingan Bagi Tahun Kewangan Berakhir 31 DisemberPRUlink dana unggulKategori2010%2009%2008%2007%2006%Jumlah Nilai Aset Bersih (RM)Unit dalam EdaranNAB Seunit (RM)NAB Tertinggi Seunit (RM)NAB Terendah Seunit (RM)Jumlah Pulangan (+)- Pertumbuhan Modal- Agihan Pendapatan404,622,738170,971,0172.3672.3841.95018.10%-299,136,664149,279,6132.0042.0041.43238.82%-173,428,270120,144,6621.4432.3291.364(35.69%)-203,168,39990,512,5302.2452.2781.70433.73%-118,610,25170,665,7521.6781.6791.36222.69%-Pulangan Tahunan Purata - Dana (+)TempohSatu tahunTiga tahunLima tahun18.10%1.78%11.59%Pulangan Tahunan Purata-Penanda Aras: Indeks Syariah Emas FTSE-Bursa Malaysia (FBMSHA)TempohSatu tahunTiga tahunLima tahun18.20%(1.53%)11.18%PRUlink Funds 140

Prestasi PRUlink dana unggul(Sejak Dimulakan)PRUlink dana unggul berbanding Indeks Syariah Emas FTSE-Bursa Malaysia (FBMSHA)140.00%140.00%120.00%100.00%PDUFBMSHA120.00%100.00%80.00%80.00%% Perubahan SD60.00%40.00%60.00%40.00%20.00%20.00%0.00%0.00%(20.00%)(20.00%)(40.00%)Ogo00Dis00Mei01Okt01Mac02Ogo02Jan03Jun03Nov03Apr04Sep04Feb05Jul05Dis05Mei06Okt06Mac07Ogo07Jan08Jun08Nov08Apr09Sep09Feb10Jul10Dis10(40.00%)Tarikh+ Pulangan Dana dikira berdasarkan lima tempat perpuluhanHarga unit Dana mungkin turun dan juga naik dan angka prestasi lepas yang ditunjukkan tidak membayangkan prestasi masa depan.Prestasi Dana adalah tidak dijamin.PRUlink Funds 141

Jadual Prestasi Perbandingan Bagi Tahun Kewangan Berakhir 31 DisemberPRUlink dana amanKategori2010%2009%2008%2007%2006%Sekuriti Pendapatan Tetap:- Bon/Sekuriti Korporat- Sijil Deposit Boleh NiagaTunai dan DepositAset LainJumlah LiabilitiJumlah89.45-10.440.68(0.57)100.0094.05-5.960.83(0.84)100.0075.03-24.961.06(1.05)100.0090.30-9.600.99(0.89)100.0085.90-13.831.10(0.83)100.00Jumlah Nilai Aset Bersih (RM)Unit dalam EdaranNAB Seunit (RM)NAB Tertinggi Seunit (RM)NAB Terendah Seunit (RM)Jumlah Pulangan (+)- Pertumbuhan Modal- Agihan Pendapatan56,965,61131,048,4841.8351.8331.7335.89%-47,311,57427,305,8891.7331.7331.6415.59%-38,283,83923,329,5981.6411.6411.5852.08%-29,041,48718,064,8441.6081.6081.5464.32%-20,417,05413,248,3661.5411.5501.4565.81%Pulangan Tahunan Purata - Dana (+)TempohSatu tahunTiga tahunLima tahun5.89%4.46%4.70%Pulangan Tahunan Purata-Penanda Aras: Kadar FD Maybank 12 Bulan Tingkat 1TempohSatu tahunTiga tahunLima tahun2.74%2.99%3.29%PRUlink Funds 142

Prestasi PRUlink dana aman(Sejak Dimulakan)PRUlink dana aman berbanding Kadar FD Maybank 12 Bulan T1100.00%100.00%80.00%PDA12M MBB T1 FD rate80.00%% Perubahan SD60.00%40.00%60.00%40.00%20.00%20.00%0.00%0.00%Ogo00Dis00Mei01Okt01Mac02Ogo02Jan03Jun03Nov03Apr04Sep04Feb05Jul05Dis05Mei06Okt06Mac07Ogo07Jan08Jun08Nov08Apr09Sep09Feb10Jul10Dis10Tarikh+ Pulangan Dana dikira berdasarkan lima tempat perpuluhanHarga unit Dana mungkin turun dan juga naik dan angka prestasi lepas yang ditunjukkan tidak membayangkan prestasi masa depan.Prestasi Dana adalah tidak dijamin.PRUlink Funds 143

Jadual Prestasi Perbandingan Bagi Tahun Kewangan Berakhir 31 DisemberPRUlink dana urusKategori2010%2009%2008%2007%2006%Pelaburan dalam -PRUlink dana unggulPRUlink dana amanTunai dan DepositAset LainJumlah LiabilitiJumlah72.8927.11---100.0070.7929.21---100.0064.4935.51---100.0075.8824.12---100.0072.3027.70-0.01(0.01)100.00Jumlah Nilai Aset Bersih (RM)Unit dalam EdaranNAB Seunit (RM)NAB Tertinggi Seunit (RM)NAB Terendah Seunit (RM)Jumlah Pulangan (+)- Pertumbuhan Modal- Agihan Pendapatan107,985,91349,146,5562.1972.2081.89814.19%-85,955,03244,672,5691.9241.9241.51226.72%-57,187,77737,664,7491.5182.1201.457(26.32%)-60,515,19529,367,4782.0612.0841.66924.90%-38,958,58723,612,9971.6501.6531.40017.51%-Pulangan Tahunan Purata - Dana (+)TempohSatu tahunTiga tahunLima tahun14.19%2.16%9.37%Pulangan Tahunan Purata-Penanda Aras: 70% Indeks Syariah Emas FTSE-Bursa Malaysia (FBMSHA) + 30% Kadar FD Maybank 12 Bulan Tingkat 1TempohSatu tahunTiga tahunLima tahun13.56%(0.13%)9.04%PRUlink Funds 144

Prestasi PRUlink dana urus(Sejak Dimulakan)PRUlink dana urus berbanding 70% FBMSHA + 30% Kadar FD Maybank 12 Bulan T1120.00%120.00%100.00%80.00%PDI70% FBMSHA & 30%12M MBB T1 FD rate100.00%80.00%% Perubahan SD60.00%40.00%20.00%60.00%40.00%20.00%0.00%0.00%(20.00%)(20.00%)(40.00%)Ogos00Jan01Jul01Jan02Jul02Jan03Jul03Jan04Jul04Jan05Jul05Jan06Jul06Jan07Jul07Jan08Jul08Jan09Jul09Jan10Jul10(40.00%)Tarikh+ Pulangan Dana dikira berdasarkan lima tempat perpuluhanHarga unit Dana mungkin turun dan juga naik dan angka prestasi lepas yang ditunjukkan tidak membayangkan prestasi masa depan.Prestasi Dana adalah tidak dijamin.PRUlink Funds 145

Jadual Prestasi Perbandingan Bagi Tahun Kewangan Berakhir 31 DisemberPRUlink dana urus IIKategori2010%2009%2008%2007%2006%Pelaburan dalam-PRUlink dana unggulPRUlink dana amanTunai dan DepositAset LainJumlah LiabilitiJumlah82.2517.75---100.0081.1218.88---100.0076.3523.65---100.0083.1816.82---100.0079.4320.57-0.01(0.01)100.00Jumlah Nilai Aset Bersih (RM)Unit dalam EdaranNAB Seunit (RM)NAB Tertinggi Seunit (RM)NAB Terendah Seunit (RM)Jumlah Pulangan (+)- Pertumbuhan Modal- Agihan Pendapatan23,580,78215,168,4771.5551.5631.31915.79%-14,623,27310,892,0351.3431.3431.01831.10%-6,999,1816,834,7811.0241.4930.977(29.26%)-5,176,9023,576,3341.4481.4621.14627.91%-533,679471,5841.1321.1331.00013.17%Pulangan Tahunan Purata - Dana (+)TempohSatu tahunTiga tahunLima tahun15.79%2.40%tiadaPulangan Tahunan Purata-Penanda Aras: 80% Indeks Syariah Emas FTSE-Bursa Malaysia (FBMSHA) + 20% Kadar FD Maybank 12 Bulan Tingkat 1TempohSatu tahunTiga tahunLima tahun15.11%(0.59%)tiadaPRUlink Funds 146

Prestasi PRUlink dana urus II(Sejak Dimulakan)PRUlink dana urus II berbanding 80% FBMSHA + 20% Kadar FD Maybank 12 Bulan T180.00%80.00%60.00%60.00%% Perubahan SD40.00%20.00%40.00%20.00%0.00%PDI280% FBMSHA & 20%12M MBB T1 FD rate0.00%(20.00%)(20.00%)Ogos 06 Nov 06 Mac 07 Jul 07 Nov 07 Mac 08 Jul 08 Nov 08 Mac 09 Jul 09 Nov 09 Mac 10 Jul 10 Nov 10Tarikh+ Pulangan Dana dikira berdasarkan lima tempat perpuluhanHarga unit Dana mungkin turun dan juga naik dan angka prestasi lepas yang ditunjukkan tidak membayangkan prestasi masa depan.Prestasi Dana adalah tidak dijamin.PRUlink Funds 147

Jadual Prestasi Perbandingan Bagi Tahun Kewangan Berakhir 31 DisemberPRUlink asia managed fundKategori2010%2009%2008%2007%2006%Pelaburan dalam -Asian Equity FundAsian Bond FundTunai dan DepositAset LainJumlah LiabilitiJumlah75.4328.160.23-(3.82)100.0073.0431.350.150.01(4.55)100.0071.8528.140.990.14(1.12)100.0071.3127.702.240.59(1.84)100.0071.7925.415.320.63(3.15)100.00Jumlah Nilai Aset Bersih (RM)Unit dalam EdaranNAB Seunit (RM)NAB Tertinggi Seunit (RM)NAB Terendah Seunit (RM)Jumlah Pulangan (+)- Pertumbuhan Modal- Agihan Pendapatan241,982,226187,961,2551.2871.3111.0984.56%-263,042,900213,629,8111.2311.2310.73858.30%-160,694,301206,599,2940.7781.3000.672(40.70%)-216,201,796164,833,9541.3121.4031.08116.23%-52,166,01746,228,0151.1281.1310.95212.92%-Pulangan Tahunan Purata - Dana (+)TempohSatu tahunTiga tahunLima tahun4.56%(0.56%)5.23%Pulangan Tahunan Purata-Penanda Aras: 70% Indeks MSCI AsiaKecuali Jepun + 30% Indeks JP Morgan Asia CreditTempohSatu tahunTiga tahunLima tahun5.76%1.08%8.35%PRUlink Funds 148

Prestasi PRUlink asia managed fund(Sejak Dimulakan)PRUlink asia managed fund berbanding 70% Indeks MSCI Asia Kecuali Jepun + 30% Indeks JP Morgan Asia Credit80.00%80.00%60.00%AMF70% MSCI & 30% JPMorgan60.00%40.00%40.00%% Perubahan SD20.00%20.00%0.00%0.00%(20.00%)(20.00%)(40.00%)Nov 05 Mei 06 Nov 06 Mei 07 Nov 07 Mei 08 Nov 08 Mei 09Nov 09 Mei 10 Nov 10(40.00%)Tarikh+ Pulangan Dana dikira berdasarkan lima tempat perpuluhanHarga unit Dana mungkin turun dan juga naik dan angka prestasi lepas yang ditunjukkan tidak membayangkan prestasi masa depan.Prestasi Dana adalah tidak dijamin.PRUlink Funds 149

Jadual Prestasi Perbandingan Bagi Tahun Kewangan Berakhir 31 DisemberASIAN EQUITY FUNDPecahan Mata Wang2010%2009%Baht ThaiDolar Hong KongRupee IndiaRupiah IndonesiaRinggit MalaysiaDolar Baru TaiwanPeso FilipinaDolar SingapuraDolar ASWon KoreaTunai dan Kesetaraan TunaiJumlah2.9534.0912.653.243.2714.280.885.022.3320.800.49100.002.9935.5112.924.322.2115.011.194.793.1815.362.52100.00Kategori2010%2009%EkuitiAuto - Komponen AutoKilang Arak & Riadah & HotelBangunan & PembinaanBahan BinaanKimia & FarmaseutikalPerkhidmatan PerdaganganKomputer & PerisianOperasi Terpelbagai2.410.812.25-3.510.698.171.99-1.041.381.631.331.194.733.11PRUlink Funds 150

Jadual Prestasi Perbandingan Bagi Tahun Kewangan Berakhir 31 DisemberASIAN EQUITY FUNDKategori2010%2009%EkuitiPeralatan Elektronik & ElektrikTenagaKejuruteraanEkuitiIndustri EkstraktifKewanganMakanan & Tekstil & PakaianPenjagaan KesihatanSyarikat Pemegangan-TerpelbagaiInsuransPerkilanganHartaHarta TanahRuncitSemikonduktorTelekommunikasiPengangkutan & TelekomunikasiWaranTunai dan Kesetaraan TunaiJumlahNota: Asian Equity Fund diuruskan oleh Prudential Asset Management (Singapore) Ltd dan disub-uruskan oleh Prudential Asset Management (HK) Ltd.9.848.765.293.935.3916.591.940.773.405.831.051.653.043.592.061.105.440.0199.510.49100.0013.419.222.143.364.5620.341.362.262.443.411.673.502.623.652.042.864.23-97.482.52100.00PRUlink Funds 151

Jadual Prestasi Perbandingan Bagi Tahun Kewangan Berakhir 31 DisemberASIAN BOND FUNDPecahan Mata Wang2010%2009%Yuan Renminbi ChinaRinggit MalaysiaPeso FilipinaDolar ASTunai dan Kesetaraan TunaiJumlah0.110.320.8895.673.02100.00-0.39-99.61-100.00Kategori2010%2009%Sekuriti Pendapatan Tetap:Bon KorporatBon KerajaanBil PerbendaharaanBerkaitan Gadai JanjiDeposit BertempohTunai dan Kesetaraan TunaiJumlahNota: Asian Bond Fund diuruskan oleh Prudential Asset Management (Singapore) Ltd.68.2228.380.38--3.02100.0072.4921.53-0.762.812.41100.00PRUlink Funds 152

Jadual Prestasi Perbandingan Bagi Tahun Kewangan Berakhir 31 DisemberPRUlink asia property securities fundKategori2010%2009%2008%Pelaburan dalam -Asian Property Securities FundTunai dan DepositAset LainJumlah LiabilitiJumlah102.150.010.23(2.39)100.0099.102.640.87(2.61)100.0099.930.050.51(0.49)100.00Jumlah Nilai Aset Bersih (RM)Unit dalam EdaranNAB Seunit (RM)NAB Tertinggi Seunit (RM)NAB Terendah Seunit (RM)Jumlah Pulangan (+)- Pertumbuhan Modal- Agihan Pendapatan21,375,31526,038,1450.8210.8170.66712.05%-18,951,57725,867,6610.7330.7400.43634.42%-8,928,23416,381,2370.5451.0220.483(45.50%)-Pulangan Tahunan Purata - Dana (+)TempohSatu tahunTiga tahunLima tahun12.05%(6.50%)tiadaPulangan Tahunan Purata-Penanda Aras: MSCI AC Asia Pacific REITTempohSatu tahunTiga tahunLima tahun9.19%(7.63%)tiadaPRUlink Funds 153

Prestasi PRUlink asia property securities fund(Sejak Dimulakan)PRUlink asia property securities fund berbanding MSCI AC Asia Pacific REIT10.00%10.00%0.00%0.00%(10.00%)(10.00%)% Perubahan SD(20.00%)(30.00%)(20.00%)(30.00%)(40.00%)(40.00%)(50.00%)APSFMSCI(50.00%)(60.00%)Feb 08 Jun 08 Nov 08 Apr 09 Sep 09 Feb 10 Jul 10 Dis 10(60.00%)Tarikh+ Pulangan Dana dikira berdasarkan lima tempat perpuluhanHarga unit Dana mungkin turun dan juga naik dan angka prestasi lepas yang ditunjukkan tidak membayangkan prestasi masa depan.Prestasi Dana adalah tidak dijamin.PRUlink Funds 154

Jadual Prestasi Perbandingan Bagi Tahun Kewangan Berakhir 31 DisemberASIAN PROPERTY SECURITIES FUNDPecahan Mata Wang2010%2009%Dolar AustraliaBaht ThaiDolar Hong KongRinggit MalaysiaDolar SingapuraYen JepunRupiah IndonesiaTunai dan Kesetaraan TunaiJumlah42.191.479.384.6519.3320.131.331.52100.0041.211.1914.495.6618.6415.303.51100.00Kategori2010%2009%Ekuiti:Operasi TerpelbagaiEkuitiKewanganHartaHarta TanahRuncitTunai dan Kesetaraan TunaiJumlah-9.221.1283.244.610.291.52100.00Nota: Asian Property Securities Fund diuruskan oleh Prudential Asset Management (Singapore) Ltd dan disub-uruskan oleh Prudential Asset Management (HK) Ltd.1.441.180.9891.751.14-3.51100.00PRUlink Funds 155

Jadual Prestasi Perbandingan Bagi Tahun Kewangan Berakhir 31 DisemberPRUlink asia local bond fundKategori2010%2009%2008%Pelaburan dalam -Asian Local Bond FundTunai dan DepositAset LainJumlah LiabilitiJumlah102.180.11-(2.29)100.00213.790.11-(113.90)100.0087.617.0011.75(6.36)100.00Jumlah Nilai Aset Bersih (RM)Unit dalam EdaranNAB Seunit (RM)NAB Tertinggi Seunit (RM)NAB Terendah Seunit (RM)Jumlah Pulangan (+)- Pertumbuhan Modal- Agihan Pendapatan3,520,3492,798,6661.2581.2931.2113.49%-1,316,5211,083,1841.2151.2211.00217.72%-878,436850,8151.0321.0320.9573.25%-Pulangan Tahunan Purata - Dana (+)TempohSatu tahunTiga tahunLima tahun3.49%8.01%tiadaPulangan Tahunan Purata-Penanda Aras: HSBC Customised Index CompositeTempohSatu tahunTiga tahunLima tahun1.77%3.69%tiadaPRUlink Funds 156

Prestasi PRUlink asia local bond fund(Sejak Dimulakan)PRUlink asia local bond fund berbanding HSBC Customised Index Composite32.00%32.00%30.00%30.00%28.00%26.00%24.00%ALBFHSBC28.00%26.00%24.00%22.00%22.00%20.00%20.00%% Perubahan SD18.00%16.00%14.00%12.00%10.00%18.00%16.00%14.00%12.00%10.00%8.00%8.00%6.00%6.00%4.00%4.00%2.00%2.00%0.00%0.00%(2.00%)(2.00%)(4.00%)(4.00%)Sep08Okt08Nov08Dis08Jan09Feb09Mac09Apr09Mei09Jun09Jul09Ogos09Sep09Okt09Nov09Dis09Jan10Feb10Mac10Apr10Mei10Jun10Jul10Ogos10Sep10Okt10Nov10Dis10Tarikh+ Pulangan Dana dikira berdasarkan lima tempat perpuluhanHarga unit Dana mungkin turun dan juga naik dan angka prestasi lepas yang ditunjukkan tidak membayangkan prestasi masa depan.Prestasi Dana adalah tidak dijamin.PRUlink Funds 157

Jadual Prestasi Perbandingan Bagi Tahun Kewangan Berakhir 31 DisemberASIAN LOCAL BOND FUNDPecahan Mata Wang2010%2009%Ringgit MalaysiaDolar SingapuraDolar ASDolar Hong KongPeso FilipinanDolar TaiwanBaht ThaiRupiah IndonesiaWon KoreaYuan Renminbi ChinaTunai dan Kesetaraan TunaiJumlah9.7416.757.8210.504.558.917.0912.0918.690.033.83100.009.1215.376.9211.595.409.615.6512.1920.09-4.06100.00Kategori2010%2009%Sekuriti Pendapatan Tetap:Bon KorporatBon KerajaanBerkaitan Gadai JanjiTunai dan Kesetaraan TunaiJumlahNota: Asian Local Bond Fund diuruskan oleh Prudential Asset Management (Singapore) Ltd.26.0669.860.253.83100.0025.3170.63-4.06100.00PRUlink Funds 158

Jadual Prestasi Perbandingan Bagi Tahun Kewangan Berakhir 31 DisemberPRUlink global market navigator fundKategori2010%2009%2008%Pelaburan dalam -Global Market Navigator FundTunai dan DepositAset LainJumlah LiabilitiJumlah104.660.03-(4.69)100.0098.971.301.20(1.47)100.0099.350.740.98(1.07)100.00Jumlah Nilai Aset Bersih (RM)Unit dalam EdaranNAB Seunit (RM)NAB Tertinggi Seunit (RM)NAB Terendah Seunit (RM)Jumlah Pulangan (+)- Pertumbuhan Modal- Agihan Pendapatan33,294,89528,676,5581.1611.1871.050(2.14%)-44,898,46937,842,2381.1861.2001.06212.44%-4,597,0864,356,5251.0551.1310.9625.52%-Pulangan Tahunan Purata - Dana (+)TempohSatu tahunTiga tahunLima tahun(2.14%)5.18%tiadaPulangan Tahunan Purata-Penanda Aras: Kadar FD Maybank 12 Bulan Tingkat 1TempohSatu tahunTiga tahunLima tahun2.74%2.99%tiadaPRUlink Funds 159

Prestasi PRUlink global market navigator fund(Sejak Dimulakan)PRUlink global market navigator fund berbanding Kadar FD Maybank 12 Bulan T120.00%20.00%18.00%16.00%14.00%GMNF12M MBBT1 FD rate18.00%16.00%14.00%% Perubahan SD12.00%10.00%8.00%12.00%10.00%8.00%6.00%6.00%4.00%4.00%2.00%2.00%0.00%Sep08Okt08Nov08Dis08Jan09Feb09Mac09Apr09Mei09Jun09Jul09Ogos09Sep09Okt09Nov09Dis09Jan10Feb10Mac10Apr10Mei10Jun10Jul10Ogos10Sep10Okt10Nov10Dis100.00%Tarikh+ Pulangan Dana dikira berdasarkan lima tempat perpuluhanHarga unit Dana mungkin turun dan juga naik dan angka prestasi lepas yang ditunjukkan tidak membayangkan prestasi masa depan.Prestasi Dana adalah tidak dijamin.PRUlink Funds 160

Jadual Prestasi Perbandingan Bagi Tahun Kewangan Berakhir 31 DisemberGLOBAL MARKET NAVIGATOR FUNDPecahan Mata Wang2010%2009%Dolar AustraliaReal BrazilPound BritishEuroRupiah IndonesiaYen JepunWon KoreaPeso MexicoPeso FilipinaLira TurkiDolar ASTunai dan Kesetaraan TunaiJumlah(0.02)-10.35(0.40)-0.07-5.386.20-25.9352.49100.00-4.575.193.194.90-7.725.675.933.2037.5722.06100.00Kategori2010%2009%EkuitiNiaga HadapanBon KerajaanGilt KerajaanAmanah PelaburanDana MutualTunai dan Kesetaraan TunaiJumlah2.00(0.10)11.584.11-29.9252.49100.0018.757.7536.45-5.189.8122.06100.00Nota: Global Market Navigator Fund diuruskan oleh Prudential Asset Management (Singapore) Ltd dan disub-uruskan oleh Prudential Asset Management (HK) Ltd.PRUlink Funds 161

Jadual Prestasi Perbandingan Bagi Tahun Kewangan Berakhir 31 DisemberPRUlink dragon peacock fundKategori2010%Pelaburan dalam -Dragon Peacock FundTunai dan DepositAset LainJumlah LiabilitiJumlahJumlah Nilai Aset Bersih (RM)Unit dalam EdaranNAB Seunit (RM)NAB Tertinggi Seunit (RM)NAB Terendah Seunit (RM)Jumlah Pulangan (+)- Pertumbuhan Modal- Agihan Pendapatan100.002.290.29(2.58)100.0024,799,11622,632,3371.0961.1920.9409.57%-Pulangan Tahunan Purata - Dana (+)TempohSatu tahunTiga tahunLima tahun9.57%tiadatiadaPulangan Tahunan Purata-Penanda Aras: 50% Indeks MSCI China & 50% Indeks MSCI IndiaTempohSatu tahunTiga tahunLima tahun0.88%tiadatiadaPRUlink Funds 162

Prestasi PRUlink dragon peacock fund(Sejak Dimulakan)PRUlink dragon peacock fund berbanding 50% Indeks MSCI China & 50% Indeks MSCI India20.00%18.00%16.00%14.00%12.00%10.00%PDPF50% MSCI China & 50% MSCI India Index20.00%18.00%16.00%14.00%12.00%10.00%% Perubahan SD8.00%6.00%4.00%2.00%0.00%8.00%6.00%4.00%2.00%0.00%(2.00%)(4.00%)(6.00%)(8.00%)(10.00%)(2.00%)(4.00%)(6.00%)(8.00%)(10.00%)(12.00%)Jan 10 Feb 10 Mac 10 Apr 10 Mei 10 Jun 10 Jul 10 Ogos 10 Sep 10 Okt 10 Nov 10 Dis 10(12.00%)Tarikh+ Pulangan Dana dikira berdasarkan lima tempat perpuluhanHarga unit Dana mungkin turun dan juga naik dan angka prestasi lepas yang ditunjukkan tidak membayangkan prestasi masa depan.Prestasi Dana adalah tidak dijamin.PRUlink Funds 163

Jadual Prestasi Perbandingan Bagi Tahun Kewangan Berakhir 31 DisemberDRAGON PEACOCK FUNDPecahan Mata WangDolar Hong KongRupee IndiaDolar ASTunai dan Kesetaraan TunaiJumlah2010%43.7047.175.193.94100.00KategoriAngkasa Lepas & Pengangkutan UdaraOperasi PertanianAuto - Komponen AutoBangunan & PembinaanKimia & FarmaseutikalKomputer & PerisianPeralatan Elektronik & ElektrikTenagaEkuitiIndustri EkstraktifKewanganInsuransPerkilanganMinyak & GasHartaHarta TanahTelekomunikasiPengangkutan & TelekomunikasiTunai dan Kesetaraan TunaiJumlah2010%2.141.235.111.684.8911.082.2714.155.835.2822.042.454.281.171.722.834.143.773.94100.00Nota: Dragon Peacock Fund diuruskan oleh Prudential Asset Management (Singapore) Ltd dan disub-uruskan oleh Prudential Asset Management (HK) Ltd.PRUlink Funds 164

Jadual Prestasi Perbandingan Bagi Tempoh 10 Bulan Berakhir 31 DisemberPRUlink education equity fundKategori2010%Pelaburan dalam -PRUlink equity fundTunai dan DepositAset LainJumlah LiabilitiJumlahJumlah Nilai Aset Bersih (RM)Unit dalam EdaranNAB Seunit (RM)NAB Tertinggi Seunit (RM)NAB Terendah Seunit (RM)Jumlah Pulangan (+)- Pertumbuhan Modal- Agihan Pendapatan100.00---100.00148,669126,7321.1731.1750.96117.31%-Pulangan Tahunan Purata - Dana (+)TempohSatu tahunTiga tahunLima tahuntiadatiadatiadaPulangan Tahunan Purata-Penanda Aras: Indeks FTSE Bursa Malaysia Top 100 (FBM 100)TempohSatu tahunTiga tahunLima tahuntiadatiadatiadaPRUlink Funds 165

Prestasi PRUlink education equity fund(Sejak Dimulakan)PRUlink education equity fund berbanding Indeks FTSE Bursa Malaysia Top 100 (FBM 100)% Perubahan SD24.00%22.00%20.00%18.00%16.00%14.00%12.00%10.00%8.00%6.00%4.00%2.00%0.00%(2.00%)(4.00%)(6.00%)(8.00%)(10.00%)(12.00%)EDUEIndex-FBM100Feb 10 Mac 10 Apr 10 Mei 10 Jun 10 Jul 10 Ogos 10 Sep 10 Okt 10 Nov 10 Dis 1024.00%22.00%20.00%18.00%16.00%14.00%12.00%10.00%8.00%6.00%4.00%2.00%0.00%(2.00%)(4.00%)(6.00%)(8.00%)(10.00%)(12.00%)Tarikh+ Pulangan Dana dikira berdasarkan lima tempat perpuluhanHarga unit Dana mungkin turun dan juga naik dan angka prestasi lepas yang ditunjukkan tidak membayangkan prestasi masa depan.Prestasi Dana adalah tidak dijamin.PRUlink Funds 166

Jadual Prestasi Perbandingan Bagi Tempoh 10 Bulan Berakhir 31 DisemberPRUlink education bond fundKategori2010%Pelaburan dalam -PRUlink bond fundTunai dan DepositAset LainJumlah LiabilitiJumlahJumlah Nilai Aset Bersih (RM)Unit dalam EdaranNAB Seunit (RM)NAB Tertinggi Seunit (RM)NAB Terendah Seunit (RM)Jumlah Pulangan (+)- Pertumbuhan Modal- Agihan Pendapatan100.00---100.00241,361231,4441.0431.0431.0004.29%-Pulangan Tahunan Purata - Dana (+)TempohSatu tahunTiga tahunLima tahuntiadatiadatiadaPulangan Tahunan Purata-Penanda Aras: Kadar FD Maybank 12 Bulan Tingkat 1TempohSatu tahunTiga tahunLima tahuntiadatiadatiadaPRUlink Funds 167

Prestasi PRUlink education bond fund(Sejak Dimulakan)PRUlink education bond fund berbanding Kadar FD Maybank 12 Bulan Tingkat 120.00%20.00%17.50%15.00%EDUB12M MBB T1 FD Rate17.50%15.00%% Perubahan SD12.50%10.00%7.50%12.50%10.00%7.50%5.00%5.00%2.50%2.50%0.00%Feb 10 Mac 10 Apr 10 Mei 10 Jun 10 Jul 10 Ogos 10 Sep 10 Okt 10 Nov 10 Dis 100.00%Tarikh+ Pulangan Dana dikira berdasarkan lima tempat perpuluhanHarga unit Dana mungkin turun dan juga naik dan angka prestasi lepas yang ditunjukkan tidak membayangkan prestasi masa depan.Prestasi Dana adalah tidak dijamin.PRUlink Funds 168

Jadual Prestasi Perbandingan Bagi Tempoh 5 Bulan Berakhir 31 DisemberPRUlink asia equity fundKategori2010%Pelaburan dalam -Asian Equity FundTunai dan DepositAset LainJumlah LiabilitiJumlahJumlah Nilai Aset Bersih (RM)Unit dalam EdaranNAB Seunit (RM)NAB Tertinggi Seunit (RM)NAB Terendah Seunit (RM)Jumlah Pulangan (+)- Pertumbuhan Modal- Agihan Pendapatan97.584.542.37(4.49)100.007,215,0486,793,4981.0621.0750.9996.21%-Pulangan Tahunan Purata - Dana (+)TempohSatu tahunTiga tahunLima tahuntiadatiadatiadaPulangan Tahunan Purata-Penanda Aras: Indeks MSCI Asia Kecuali JepunTempohSatu tahunTiga tahunLima tahuntiadatiadatiadaPRUlink Funds 169

Prestasi PRUlink asia equity fund(Sejak Dimulakan)PRUlink asia equity fund berbanding Indeks MSCI Asia Kecuali Jepun20.00%20.00%18.00%16.00%PAEFMSCI Asia Ex-Japan Index18.00%16.00%14.00%14.00%12.00%12.00%% Perubahan SD10.00%8.00%6.00%10.00%8.00%6.00%4.00%4.00%2.00%2.00%0.00%0.00%(2.00%)Ogos 10 Sep 10 Okt 10 Nov 10Dis 10(2.00%)Tarikh+ Pulangan Dana dikira berdasarkan lima tempat perpuluhanHarga unit Dana mungkin turun dan juga naik dan angka prestasi lepas yang ditunjukkan tidak membayangkan prestasi masa depan.Prestasi Dana adalah tidak dijamin.PRUlink Funds 170

Jadual Prestasi Perbandingan Bagi Tempoh 5 Bulan Berakhir 31 DisemberASIAN EQUITY FUNDPecahan Mata WangBaht ThaiDolar Hong KongRupee IndiaRupiah IndonesiaRinggit MalaysiaDolar Baru TaiwanPeso FilipinaDolar SingapuraDolar ASWon KoreaTunai dan Kesetaraan TunaiJumlah2010%2.9534.0912.653.243.2714.280.885.022.3320.800.49100.00PRUlink Funds 171

Jadual Prestasi Perbandingan Bagi Tempoh 5 Bulan Berakhir 31 DisemberASIAN EQUITY FUNDKategori2010%EkuitiAuto - Komponen AutoKilang Arak & Riadah & HotelBangunan & PembinaanKimia & FarmaseutikalPerkhidmatan PerdaganganKomputer & PerisianOperasi TerpelbagaiPeralatan Elektronik & ElektrikTenagaKejuruteraanEkuitiIndustri EkstraktifKewanganMakanan & Tekstil & PakaianPenjagaan KesihatanSyarikat Pemegangan-TerpelbagaiInsuransPerkilanganHartaHarta TanahRuncitSemikonduktorTelekomunikasiPengangkutan & TelekomunikasiWaranTunai dan Kesetaraan TunaiJumlahNota: Asian Equity Fund diuruskan oleh Prudential Asset Management (Singapore) Ltd dan disub-uruskan oleh Prudential Asset Management (HK) Ltd.2.410.812.253.510.698.171.999.848.765.293.935.3916.591.940.773.405.831.051.653.043.592.061.105.440.0199.510.49100.00PRUlink Funds 172

Jadual Prestasi Perbandingan Bagi Tempoh 1 Bulan Berakhir 31 DisemberPRUlink MyOptimizer fundKategori2010%Pelaburan dalam -Produk BerstrukturTunai dan DepositAset LainJumlah LiabilitiJumlahJumlah Nilai Aset Bersih (RM)Unit dalam EdaranNAB Seunit (RM)NAB Tertinggi Seunit (RM)NAB Terendah Seunit (RM)Jumlah Pulangan (+)- Pertumbuhan Modal- Agihan Pendapatan100.00-100.00(100.00)100.0048,052,80050,055,0000.9600.9600.960--Pulangan Tahunan Purata - Dana (+)TempohSatu tahunTiga tahunLima tahuntiadatiadatiadaPRUlink Funds 173

Jadual Prestasi Perbandingan Bagi Tahun Kewangan Berakhir 31 DisemberPRUlink guaranteed accountKategori2010%2009%2008%2007%2006%EkuitiPenggunaPembinaanMinyak dan GasPerusahaanKewanganPerladanganKuasaTelekomunikasiSekuriti Pendapatan Tetap:-Bon/Sekuriti Korporat-Sijil Deposit Boleh NiagaTunai dan DepositAset LainJumlah LiabilitiJumlah------------------------6.6696.540.100.21(3.51)100.00---------1.43100.930.020.21(2.60)100.000.20-0.611.32--0.560.292.986.0392.470.110.21(1.80)100.000.380.180.300.48-0.450.43-2.305.9291.201.650.20(1.27)100.00PRUlink Funds 174

Jadual Prestasi Perbandingan Bagi Tahun Kewangan Berakhir 31 DisemberPRUlink guaranteed accountKategori2010%2009%2008%2007%2006%Jumlah Nilai Aset Bersih (RM)Unit dalam EdaranNAB Seunit (RM)NAB Tertinggi Seunit (RM)NAB Terendah Seunit (RM)Jumlah Pulangan (+)- Pertumbuhan Modal- Agihan Pendapatan---1.1981.191tiada-13,715,95312,483,2041.0991.1951.146(5.02%)-16,119,91013,934,8891.1571.1571.1182.76%-17,045,58915,141,1391.1261.1261.0624.90%-17,618,11516,415,9041.0731.0741.0155.44%Pulangan Tahunan Purata - Dana (+)TempohSatu tahunTiga tahunLima tahun3.31%3.65%tiadaPulangan Tahunan Purata-Penanda Aras: Kadar FD Maybank 1 BulanTingkat 2TempohSatu tahunTiga tahunLima tahun1.90%2.57%tiadaPRUlink Funds 175

Prestasi PRUlink guaranteed account(Sejak Dimulakan)PRUlink guaranteed account berbanding Kadar FD Maybank 1 Bulan Tingkat 225.00%25.00%20.00%PGA1M MBB T2 FD Rate20.00%15.00%15.00%% Perubahan SD10.00%10.00%5.00%5.00%0.00%0.00%(5.00%)Mei 05 Jan 06 Okt 06 Jun 07Mac 08 Nov 08 Ogos 09 Apr 10(5.00%)Tarikh+ Pulangan Dana dikira berdasarkan lima tempat perpuluhanHarga unit Dana mungkin turun dan juga naik dan angka prestasi lepas yang ditunjukkan tidak membayangkan prestasi masa depan.Prestasi Dana adalah tidak dijamin.PRUlink Funds 176

Penyata Aset Dan LiabilitiPenyata Aset Dan Liabiliti Pada 31 Disember 2010PRUlink equity fundRM2010 2009%RM%PelaburanEkuiti4,639,524,10995.113,323,148,02690.51Tunai dan DepositTunai di bankDeposit9,503276,190,0000.005.6610,031338,750,0000.009.23Aset Cukai1,309,7630.0313,768,3450.37Aset Lain14,267,1430.2922,384,0850.61Jumlah Aset4,931,300,518101.093,698,060,487100.72Peruntukan Cukai Tertunda(53,087,155)(1.09)(26,318,746)(0.72)Liabiliti Lain--(2,267)(0.00)Jumlah Liabiliti(53,087,155)(1.09)(26,321,013)(0.72)Nilai Aset Bersih Dana4,878,213,363100.003,671,739,474100.00Dana Pemegang PolisiModalPendapatan Dijana dibawa ke depan2,961,986,2731,916,227,09060.7239.282,581,481,9051,090,257,56970.3129.694,878,213,363100.003,671,739,474100.00Nilai Aset Bersih Seunit (RM)3.1892.628PRUlink Funds 177

Penyata Aset Dan Liabiliti Pada 31 Disember 2010PRUlink bond fundRM2010 2009%RM%PelaburanSekuriti Pendapatan Tetap948,627,83191.59756,047,25594.47Tunai dan DepositTunai di bankDeposit7,70385,200,0000.008.2310,37646,630,0000.005.83Aset Lain8,254,9060.797,490,1030.93Jumlah Aset1,042,090,440100.61810,177,734101.23Peruntukan Cukai(3,512,956)(0.34)(3,618,541)(0.45)Peruntukan Cukai Tertunda(1,117,494)(0.11)(575,236)(0.07)Liabiliti Lain(1,673,746)(0.16)(5,640,093)(0.71)Jumlah Liabiliti(6,304,196)(0.61)(9,833,870)(1.23)Nilai Aset Bersih Dana1,035,786,244100.00800,343,864100.00Dana Pemegang PolisiModalPendapatan Dijana dibawa ke depan868,158,626167,627,61883.8216.18683,505,537116,838,32785.4014.601,035,786,244100.00800,343,864100.00Nilai Aset Bersih Seunit (RM)2.4372.304PRUlink Funds 178

Penyata Aset Dan Liabiliti Pada 31 Disember 2010PRUlink managed fundRM2010 2009%RM%Pelaburan dalam -PRUlink equity fundPRUlink bond fund990,186,752349,370,10373.9226.08763,263,191307,162,48271.3028.70Tunai di bank--1,2140.00Jumlah Aset1,339,556,855100.001,070,426,887100.00Liabiliti Lain(10,556)(0.00)--Jumlah Liabiliti(10,556)(0.00)--Nilai Aset Bersih Dana1,339,546,299100.001,070,426,887100.00Dana Pemegang PolisiModalPendapatan Dijana dibawa ke depan862,176,041477,370,25864.3635.64778,247,290292,179,59772.7027.301,339,546,299100.001,070,426,887100.00Nilai Aset Bersih Seunit (RM)2.6742.293PRUlink Funds 179

Penyata Aset Dan Liabiliti Pada 31 Disember 2010PRUlink managed fund IIRM2010 2009%RM%Pelaburan dalam -PRUlink equity fundPRUlink bond fund252,164,61751,986,50182.9117.09160,074,62936,526,88581.4218.58Jumlah Aset304,151,118100.00196,601,514100.00Liabiliti Lain(8,697)(0.00)--Jumlah Liabiliti(8,697)(0.00)--Nilai Aset Bersih Dana304,142,421100.00196,601,514100.00Dana Pemegang PolisiModalPendapatan Dijana dibawa ke depan238,414,61165,727,81078.3921.61172,956,39023,645,12487.9712.03304,142,421100.00196,601,514100.00Nilai Aset Bersih Seunit (RM)1.6391.383PRUlink Funds 180

Penyata Aset Dan Liabiliti Pada 31 Disember 2010PRUlink golden equity fundRM2010 2009%RM%Pelaburan dalamPRUlink equity fund109,835,22499.9969,932,97199.99Tunai dan Deposit5,5830.015,8490.01Jumlah Aset109,840,807100.0069,938,820100.00Liabiliti Lain--(563)(0.00)Jumlah Liabiliti--(563)(0.00)Nilai Aset Bersih Dana109,840,807100.0069,938,257100.00Dana Pemegang PolisiModalPendapatan Dijana dibawa ke depan87,123,50422,717,30379.3220.6864,808,6615,129,59692.677.33109,840,807100.0069,938,257100.00Nilai Aset Bersih Seunit (RM)1.2521.031PRUlink Funds 181

Penyata Aset Dan Liabiliti Pada 31 Disember 2010PRUlink golden bond fundRM2010 2009%RM%Pelaburan dalamPRUlink bond fund249,643,953100.00173,428,666100.00Tunai dan Deposit1,7400.001,6710.00Jumlah Aset249,645,693100.00173,430,337100.00Liabiliti Lain(3,416)(0.00)(228)(0.00)Jumlah Liabiliti(3,416)(0.00)(228)(0.00)Nilai Aset Bersih Dana249,642,277100.00173,430,109100.00Dana Pemegang PolisiModalPendapatan Dijana dibawa ke depan228,792,29420,849,98391.658.35162,916,98410,513,12593.946.06249,642,277100.00173,430,109100.00Nilai Aset Bersih Seunit (RM)1.1351.079PRUlink Funds 182

Penyata Aset Dan Liabiliti Pada 31 Disember 2010PRUlink dana unggulRM2010 2009%RM%PelaburanEkuiti386,325,41295.48267,437,45889.40Tunai dan DepositTunai di bankDeposit8,61922,750,0000.005.627,41032,470,0000.0010.86Aset Cukai--524,3700.18Aset Lain2,178,5350.541,952,7530.65Jumlah Aset411,262,566101.64302,391,991101.09Peruntukan Cukai(1,053,747)(0.26)--Peruntukan Cukai Tertunda(3,252,081)(0.80)(1,761,804)(0.59)Liabiliti Lain(2,334,000)(0.58)(1,493,523)(0.50)Jumlah Liabiliti(6,639,828)(1.64)(3,255,327)(1.09)Nilai Aset Bersih Dana404,622,738100.00299,136,664100.00Dana Pemegang PolisiModalPendapatan Dijana dibawa ke depan282,036,688122,586,05069.7030.30235,069,21564,067,44978.5821.42404,622,738100.00299,136,664100.00Nilai Aset Bersih Seunit (RM)2.3672.004PRUlink Funds 183

Penyata Aset Dan Liabiliti Pada 31 Disember 2010PRUlink dana amanRM2010 2009%RM%PelaburanSekuriti Pendapatan Tetap50,955,61489.4544,496,92394.05Tunai dan DepositTunai di bankDeposit6,2955,940,0000.0110.431,7642,820,0000.005.96Aset Lain386,2750.68394,4230.83Jumlah Aset57,288,184100.5747,713,110100.84Peruntukan Cukai(177,847)(0.31)(199,023)(0.42)Peruntukan Cukai Tertunda(79,341)(0.14)(34,147)(0.07)Liabiliti Lain(65,385)(0.12)(168,366)(0.35)Jumlah Liabiliti(322,573)(0.57)(401,536)(0.84)Nilai Aset Bersih Dana56,965,611100.0047,311,574100.00Dana Pemegang PolisiModalPendapatan Dijana dibawa ke depan47,485,6959,479,91683.3616.6440,793,9656,517,60986.2213.7856,965,611100.0047,311,574100.00Nilai Aset Bersih Seunit (RM)1.8351.733PRUlink Funds 184

Penyata Aset Dan Liabiliti Pada 31 Disember 2010PRUlink dana urusRM2010 2009%RM%Pelaburan dalamPRUlink dana unggulPRUlink dana aman78,711,97029,274,74572.8927.1160,847,63125,107,06370.7929.21Tunai di bank--3380.00Jumlah Aset107,986,715100.0085,955,032100.00Liabiliti Lain(802)(0.00)--Jumlah Liabiliti(802)(0.00)--Nilai Aset Bersih Dana107,985,913100.0085,955,032100.00Dana Pemegang PolisiModalPendapatan Dijana dibawa ke depan77,948,61430,037,29972.1827.8268,846,54817,108,48480.1019.90107,985,913100.0085,955,032100.00Nilai Aset Bersih Seunit (RM)2.1971.924PRUlink Funds 185

Penyata Aset Dan Liabiliti Pada 31 Disember 2010PRUlink dana urus IIRM2010 2009%RM%Pelaburan dalamPRUlink dana unggulPRUlink dana aman19,394,0574,186,93382.2517.7511,861,7932,761,27181.1218.88Tunai di bank--2090.00Jumlah Aset23,580,990100.0014,623,273100.00Liabiliti Lain(208)(0.00)--Jumlah Liabiliti(208)(0.00)--Nilai Aset Bersih Dana23,580,782100.0014,623,273100.00Dana Pemegang PolisiModalPendapatan Dijana dibawa ke depan19,605,0523,975,73083.1416.8613,393,6561,229,61791.598.4123,580,782100.0014,623,273100.00Nilai Aset Bersih Seunit (RM)1.5551.343PRUlink Funds 186

Penyata Aset Dan Liabiliti Pada 31 Disember 2010PRUlink asia managed fundRM2010 2009%RM%Pelaburan dalam -Asian Equity FundAsian Bond Fund182,528,83168,147,63675.4328.16192,122,54582,456,77373.0431.35Tunai dan DepositTunai di bankDeposit554,741-0.23-196,711200,0000.070.08Aset Cukai--26,4920.01Aset Lain--1,0120.00Jumlah Aset251,231,208103.82275,003,533104.55Peruntukan Cukai(964,261)(0.40)--Peruntukan Cukai Tertunda(1,721,327)(0.71)(1,256,186)(0.48)Liabiliti Lain(6,563,394)(2.71)(10,704,447)(4.07)Jumlah Liabiliti(9,248,982)(3.82)(11,960,633)(4.55)Nilai Aset Bersih Dana241,982,226100.00263,042,900100.00Dana Pemegang PolisiModalPendapatan Dijana dibawa ke depan210,678,72731,303,49987.0612.94241,978,01321,064,88791.998.01241,982,226100.00263,042,900100.00Nilai Aset Bersih Seunit (RM)1.2871.231PRUlink Funds 187

Penyata Aset Dan Liabiliti Pada 31 Disember 2010PRUlink asia property securities fundRM2010 2009%RM%Pelaburan dalam -Asian Property Securities Fund21,834,921102.1518,780,42199.10Tunai dan DepositTunai di bankDeposit2,005-0.01-9,833490,000.000.052.59Aset Cukai1,5590.01--Peruntukan Cukai Tertunda47,9930.2270,6450.37Aset Lain--95,5970.50Jumlah Aset21,886,478102.3919,446,496102.61Peruntukan Cukai--(6,221)(0.03)Liabiliti Lain(511,163)(2.39)(488,698)(2.58)Jumlah Liabiliti(511,163)(2.39)(494,919)(2.61)Nilai Aset Bersih Dana21,375,315100.0018,951,577100.00Dana Pemegang PolisiModalPendapatan Dijana dibawa ke depan21,084,301291,01498.641.3621,041,611(2,090,034)111.03(11.03)21,375,315100.0018,951,577100.00Nilai Aset Bersih Seunit (RM)0.8210.733PRUlink Funds 188

Penyata Aset Dan Liabiliti Pada 31 Disember 2010PRUlink asia local bond fundRM2010 2009%RM%Pelaburan dalam -Asian Local Bond Fund3,596,956102.182,814,652213.79Tunai di bank4,0560.111,4040.11Aset Cukai--440.00Jumlah Aset3,601,012102.292,816,100213.90Peruntukan Cukai(17,266)(0.49)--Peruntukan Cukai Tertunda(8,491)(0.24)(8,818)(0.67)Liabiliti LainAmaun yang patut dibayar kepada Dana Kendalian(54,906)(54,906)(1.56)(1,490,761)(1,490,761)(113.23)Jumlah Liabiliti(80,663)(2.29)(1,499,579)(113.90)Nilai Aset Bersih Dana3,520,349100.001,316,521100.00Dana Pemegang PolisiModalPendapatan Dijana dibawa ke depan3,238,954281,39592.017.991,116,871199,65084.8415.163,520,349100.001,316,521100.00Nilai Aset Bersih Seunit (RM)1.2581.215PRUlink Funds 189

Penyata Aset Dan Liabiliti Pada 31 Disember 2010PRUlink global market navigator fundRM2010 2009%RM%Pelaburan dalam -Global Market Navigator Fund34,847,232104.6644,438,10698.97Tunai dan DepositTunai di bankDeposit9,113-0.03-94,144490,0000.211.09Aset Cukai--2,1680.00Aset Lain--537,1401.20Jumlah Aset34,856,345104.6945,561,558101.47Peruntukan Cukai(70,336)(0.21)--Peruntukan Cukai Tertunda(59,120)(0.18)(82,556)(0.18)Liabiliti Lain(1,431,994)(4.30)(580,533)(1.29)Jumlah Liabiliti(1,561,450)(4.69)(663,089)(1.47)Nilai Aset Bersih Dana33,294,895100.0044,898,469100.00Dana Pemegang PolisiModalPendapatan Dijana dibawa ke depan32,755,223539,67298.381.6243,155,5521,742,91796.123.8833,294,895100.0044,898,469100.00Nilai Aset Bersih Seunit (RM)1.1611.186PRUlink Funds 190

Penyata Aset Dan Liabiliti Pada 31 Disember 2010PRUlink dragon peacock fundRM2010%Pelaburan dalam -Dragon Peacock Fund24,799,750100.00Tunai dan DepositTunai di bankDepositAset LainJumlah AsetPeruntukan CukaiPeruntukan Cukai TertundaLiabiliti LainJumlah LiabilitiNilai Aset Bersih Dana6,821560,00072,15225,438,723(294)(82,540)(556,773)(639,607)24,799,1160.032.260.29102.58(0.00)(0.33)(2.25)(2.58)100.00Dana Pemegang PolisiModalPendapatan Dijana dibawa ke depanNilai Aset Bersih Seunit (RM)23,061,5021,737,61424,799,1161.09692.997.01100.00PRUlink Funds 191

Penyata Aset Dan Liabiliti Pada 31 Disember 2010PRUlink education equity fundRM2010%Pelaburan dalam -PRUlink equity fund148,669100.00Jumlah Aset148,669100.00Jumlah Liabiliti--Nilai Aset Bersih Dana148,669100.00Dana Pemegang PolisiModalPendapatan Dijana dibawa ke depan139,2479,42293.666.34148,669100.00Nilai Aset Bersih Seunit (RM)1.173PRUlink Funds 192

Penyata Aset Dan Liabiliti Pada 31 Disember 2010PRUlink education bond fundRM2010%Pelaburan dalam -PRUlink bond fund241,361100.00Jumlah Aset241,361100.00Jumlah Liabiliti--Nilai Aset Bersih Dana241,361100.00Dana Pemegang PolisiModalPendapatan Dijana dibawa ke depan238,6002,76198.861.14241,361100.00Nilai Aset Bersih Seunit (RM)1.043PRUlink Funds 193

Penyata Aset Dan Liabiliti Pada 31 Disember 2010PRUlink asia equity fundRM2010%Pelaburan dalam -Asian Equity Fund7,040,43497.58Tunai dan DepositTunai di bankDeposit7,325320,0000.104.44Aset Lain171,0302.37Jumlah Aset7,538,789104.49Peruntukan Cukai(56)(0.00)Peruntukan Cukai Tertunda(5,119)(0.07)Liabiliti Lain(318,566)(4.42)Jumlah Liabiliti(323,741)(4.49)Nilai Aset Bersih Dana7,215,048100.00Dana Pemegang PolisiModalPendapatan Dijana dibawa ke depan7,107,291107,75798.511.497,215,048100.00Nilai Aset Bersih Seunit (RM)1.062PRUlink Funds 194

Penyata Aset Dan Liabiliti Pada 31 Disember 2010PRUlink MyOptimizer fundRM2010%Pelaburan dalam -Produk Berstruktur48,052,800100.00Aset LainAmaun patut diterima daripada Dana Kendalian48,052,80048,052,800100.00Jumlah Aset96,105,600200.00Liabiliti LainBelian perdagangan belum bayar(48,052,800)(48,052,800)(100.00)Jumlah Liabiliti(48,052,800)(100.00)Nilai Aset Bersih Dana48,052,800100.00Dana Pemegang PolisiModalPendapatan Dijana dibawa ke depan48,052,800-100.00-48,052,800100.00Nilai Aset Bersih Seunit (RM)0.960PRUlink Funds 195

Penyata Aset Dan Liabiliti Pada 31 Disember 2010PRUlink guaranteed accountRM2010 2009%RM%Pelaburan dalam -Sekuriti Pendapatan TetapSekuriti Korporat/Sekuriti Hutang--993,464993,4646.66Pelaburan LainSijil Deposit Boleh Niaga--14,401,92514,401,92596.54Tunai dan DepositTunai di bank--15,4480.10Aset Lain--31,3280.21Jumlah Aset--15,442,165103.51Peruntukan Cukai--(5,296)(0.03)Peruntukan Cukai Tertunda--(102,443)(0.69)Yuran Pengurusan Pelaburan--(339,499)(2.28)Liabiliti Lain--(76,996)(0.51)Jumlah Liabiliti--(524,234)(3.51)Nilai Aset Bersih Dana--14,917,931100.00PRUlink Funds 196

Penyata Aset Dan Liabiliti Pada 31 Disember 2010PRUlink guaranteed accountRM2010 2009%RM%Dana Pemegang PolisiModalPendapatan Dijana dibawa ke depan(2,955,301)2,955,301--11,927,1822,990,74979.9520.05--14,917,931100.00Nilai Aset Bersih Seunit (RM)-1.195PRUlink Funds 197

Penyata Perubahan Dalam Nilai Aset BersihPenyata Perubahan Dalam Nilai Aset Bersih Bagi Tahun Kewangan Berakhir 31 Disember 2010PRUlink equity fund2010RM2009RMNilai Aset Bersih pada awal tahun3,671,739,4742,143,409,641Amaun diterima daripada unit yang diterbitkan1,116,068,0031,070,218,055Amaun dibayar bagi unit yang dibatalkan(735,563,635)(552,980,103)Lebihan Pendapatan berbanding Perbelanjaan825,969,5211,011,091,881Nilai dana pada akhir tahun4,878,213,3633,671,739,474Penyata Perubahan Dalam Nilai Aset Bersih Bagi Tahun Kewangan Berakhir 31 Disember 2010PRUlink bond fund2010RM2009RMNilai Aset Bersih pada awal tahun800,343,864654,170,071Amaun diterima daripada unit yang diterbitkan386,477,430260,629,906Amaun dibayar bagi unit yang dibatalkan(201,824,341)(158,121,707)Lebihan Pendapatan berbanding Perbelanjaan50,789,29143,665,594Nilai dana pada akhir tahun1,035,786,244800,343,864PRUlink Funds 198

Penyata Perubahan Dalam Nilai Aset Bersih Bagi Tahun Kewangan Berakhir 31 Disember 2010PRUlink managed fund2010RM2009RMNilai Aset Bersih pada awal tahun1,070,426,887721,152,508Amaun diterima daripada unit yang diterbitkan233,154,738247,032,417Amaun dibayar bagi unit yang dibatalkan(149,225,987)(126,515,868)Lebihan Pendapatan berbanding Perbelanjaan185,190,661228,757,830Nilai dana pada akhir tahun1,339,546,2991,070,426,887Penyata Perubahan Dalam Nilai Aset Bersih Bagi Tahun Kewangan Berakhir 31 Disember 2010PRUlink managed fund II2010RM2009RMNilai Aset Bersih pada awal tahun196,601,514102,997,512Amaun diterima daripada unit yang diterbitkan137,354,967103,729,037Amaun dibayar bagi unit yang dibatalkan(71,896,746)(52,362,482)Lebihan Pendapatan berbanding Perbelanjaan42,082,68642,237,447Nilai dana pada akhir tahun304,142,421196,601,514PRUlink Funds 199

Penyata Perubahan Dalam Nilai Aset Bersih Bagi Tahun Kewangan Berakhir 31 Disember 2010PRUlink golden equity fund2010RM2009RMNilai Aset Bersih pada awal tahun69,938,25736,522,155Amaun diterima daripada unit yang diterbitkan46,068,59331,370,623Amaun dibayar bagi unit yang dibatalkan(23,753,750)(16,008,987)Lebihan Pendapatan berbanding Perbelanjaan17,587,70718,054,466Nilai dana pada akhir tahun109,840,80769,938,257Penyata Perubahan Dalam Nilai Aset Bersih Bagi Tahun Kewangan Berakhir 31 Disember 2010PRUlink golden bond fund2010RM2009RMNilai Aset Bersih pada awal tahun173,430,109124,566,724Amaun diterima daripada unit yang diterbitkan67,797,87342,226,913Amaun dibayar bagi unit yang dibatalkan(1,922,563)(1,478,619)Lebihan Pendapatan berbanding Perbelanjaan10,336,8588,115,091Nilai dana pada akhir tahun249,642,277173,430,109PRUlink Funds 200

Penyata Perubahan Dalam Nilai Aset Bersih Bagi Tahun Kewangan Berakhir 31 Disember 2010PRUlink dana unggul2010RM2009RMNilai Aset Bersih pada awal tahun299,136,664173,428,270Amaun diterima daripada unit yang diterbitkan122,019,482109,748,077Amaun dibayar bagi unit yang dibatalkan(75,052,009)(59,158,901)Lebihan Pendapatan berbanding Perbelanjaan58,518,60175,119,218Nilai dana pada akhir tahun404,622,738299,136,664Penyata Perubahan Dalam Nilai Aset Bersih Bagi Tahun Kewangan Berakhir 31 Disember 2010PRUlink dana aman2010RM2009RMNilai Aset Bersih pada awal tahun47,311,57438,283,839Amaun diterima daripada unit yang diterbitkan17,468,47315,826,297Amaun dibayar bagi unit yang dibatalkan(10,776,743)(9,031,621)Lebihan Pendapatan berbanding Perbelanjaan2,962,3072,233,059Nilai dana pada akhir tahun56,965,61147,311,574PRUlink Funds 201

Penyata Perubahan Dalam Nilai Aset Bersih Bagi Tahun Kewangan Berakhir 31 Disember 2010PRUlink dana urus2010RM2009RMNilai Aset Bersih pada awal tahun85,955,03257,187,777Amaun diterima daripada unit yang diterbitkan24,535,01525,902,356Amaun dibayar bagi unit yang dibatalkan(15,432,949)(13,781,076)Lebihan Pendapatan berbanding Perbelanjaan12,928,81516,645,975Nilai dana pada akhir tahun107,985,91385,955,032Penyata Perubahan Dalam Nilai Aset Bersih Bagi Tahun Kewangan Berakhir 31 Disember 2010PRUlink dana urus II2010RM2009RMNilai Aset Bersih pada awal tahun14,623,2736,999,181Amaun diterima daripada unit yang diterbitkan15,722,17810,802,000Amaun dibayar bagi unit yang dibatalkan(9,510,782)(5,850,168)Lebihan Pendapatan berbanding Perbelanjaan2,746,1132,672,260Nilai dana pada akhir tahun23,580,78214,623,273PRUlink Funds 202

Penyata Perubahan Dalam Nilai Aset Bersih Bagi Tahun Kewangan Berakhir 31 Disember 2010PRUlink asia managed fund2010RM2009RMNilai Aset Bersih pada awal tahun263,042,900160,694,301Amaun diterima daripada unit yang dibatalkan21,226,82230,368,693Amaun dibayar bagi unit yang dibatalkan(52,526,108)(27,497,908)Lebihan Pendapatan berbanding Perbelanjaan10,238,61299,477,814Nilai dana pada akhir tahun241,982,226263,042,900Penyata Perubahan Dalam Nilai Aset Bersih Bagi Tahun Kewangan Berakhir 31 Disember 2010PRUlink asia property securities fund2010RM2009RMNilai Aset Bersih pada awal tahun18,951,5778,928,234Amaun diterima daripada unit yang diterbitkan5,646,5027,126,301Amaun dibayar untuk unit yang dibatalkan(5,603,812)(1,166,961)Lebihan Pendapatan berbanding Perbelanjaan2,381,0484,064,003Nilai dana pada akhir tahun21,375,31518,951,577PRUlink Funds 203

Penyata Perubahan Dalam Nilai Aset Bersih Bagi Tahun Kewangan Berakhir 31 Disember 2010PRUlink asia local bond fund2010RM2009RMNilai Aset Bersih pada awal tahun1,316,521878,436Amaun diterima daripada unit yang diterbitkan4,010,6503,251,077Amaun dibayar bagi unit yang dibatalkan(1,888,567)(2,985,562)Lebihan Pendapatan berbanding Perbelanjaan81,745172,570Nilai dana pada akhir tahun3,520,3491,316,521Penyata Perubahan Dalam Nilai Aset Bersih Bagi Tahun Kewangan Berakhir 31 Disember 2010PRUlink global market navigator fund2010RM2009RMNilai Aset Bersih pada awal tahun44,898,4694,597,086Amaun diterima daripada unit yang diterbitkan1,672,37243,606,065Amaun dibayar bagi unit yang dibatalkan(12,072,701)(4,846,839)(Perbelanjaan)/Pendapatan Bersih(1,203,245)1,542,157Nilai dana pada akhir tahun33,294,89544,898,469PRUlink Funds 204

Penyata Perubahan Dalam Nilai Aset Bersih Bagi Tahun Kewangan Berakhir 31 Disember 2010PRUlink dragon peacock fund2010RMNilai Aset Bersih pada awal tahunAmaun diterima daripada unit yang diterbitkanAmaun dibayar bagi unit yang dibatalkanLebihan Pendapatan berbanding PerbelanjaanNilai dana pada akhir tahun-27,430,554(4,369,052)1,737,61424,799,116Penyata Perubahan Dalam Nilai Aset Bersih Bagi Tempoh 10 Bulan Berakhir 31 Disember 2010PRUlink education equity fund2010RMNilai Aset Bersih pada awal tempohAmaun diterima daripada unit yang diterbitkanAmaun dibayar bagi unit yang dibatalkanLebihan Pendapatan berbanding PerbelanjaanNilai dana pada akhir tempoh-181,791(42,544)9,422148,669PRUlink Funds 205

Penyata Perubahan Dalam Nilai Aset Bersih Bagi Tempoh 10 Bulan Berakhir 31 Disember 2010PRUlink education bond fund2010RMNilai Aset Bersih pada awal tempohAmaun diterima daripada unit yang diterbitkanAmaun dibayar bagi unit yang dibatalkanLebihan Pendapatan berbanding PerbelanjaanNilai dana pada akhir tempoh-304,869(66,269)2,761241,361Penyata Perubahan Dalam Nilai Aset Bersih Bagi Tempoh 5 Bulan Berakhir 31 Disember 2010PRUlink asia equity fund2010RMNilai Aset Bersih pada awal tempohAmaun diterima daripada unit yang diterbitkanAmaun dibayar bagi unit yang dibatalkanLebihan Pendapatan berbanding PerbelanjaanNilai dana pada akhir tempoh-7,493,843(386,552)107,7577,215,048PRUlink Funds 206

Penyata Perubahan Dalam Nilai Aset Bersih Bagi Tempoh 1 Bulan Berakhir 31 Disember 2010PRUlink MyOptimizer fund2010RMNilai Aset Bersih pada awal tempohAmaun diterima daripada unit yang diterbitkanAmaun yang dibayar bagi unit yang dibatalkanLebihan Pendapatan berbanding PerbelanjaanNilai dana pada akhir tempoh-48,052,800--48,052,800Penyata Perubahan Dalam Nilai Aset Bersih Bagi Tahun Kewangan Berakhir 31 Disember 2010PRUlink guaranteed account2010RM2009RMNilai aset bersih pada awal tahun14,917,93116,119,909Amaun diterima daripada unit yang diterbitkan--Amaun dibayar untuk unit yang dibatalkan(14,882,483)(1,683,381)Lebihan Pendapatan berbanding Perbelanjaan(35,448)481,403Nilai dana pada akhir tahun-14,917,931PRUlink Funds 207

Penyata Pendapatan Dan PerbelanjaanPenyata Pendapatan Dan Perbelanjaan Bagi Tahun Kewangan Berakhir 31 Disember 2010PRUlink equity fundPendapatan Pelaburan BersihPendapatan faedahPendapatan dividenKeuntungan daripada PenjualanSekuritiKeuntungan Modal Belum TerealisasiPeruntukan CukaiJumlah PendapatanYuran Pengurusan PelaburanKerugian daripada PenjualanSekuritiPeruntukan CukaiPerbelanjaan LainJumlah PerbelanjaanLebihan Pendapatan berbanding PerbelanjaanPendapatan Dijana dihantar ke depanPendapatan Dijana dibawa ke depan2010RM153,001,0698,987,278144,013,791117,297,021117,297,021665,773,997-936,072,087(62,711,463)(1,234,078)(1,234,078)(46,100,199)(56,826)(110,102,566)825,969,5211,090,257,5691,916,227,0902009RM96,525,3849,335,11887,190,26658,956,57658,956,576989,194,8815,476,2291,150,153,070(43,540,378)(95,097,249)(95,097,249)-(423,562)(139,061,189)1,011,091,88179,165,6881,090,257,569PRUlink Funds 208

Penyata Pendapatan Dan Perbelanjaan Bagi Tahun Kewangan Berakhir 31 Disember 2010PRUlink bond fundPendapatan Pelaburan BersihPendapatan faedahKeuntungan daripada PenjualanSekuritiKeuntungan Modal Belum TerealisasiJumlah PendapatanYuran Pengurusan PelaburanKerugian daripada PenjualanSekuritiPeruntukan CukaiPerbelanjaan LainJumlah PerbelanjaanLebihan Pendapatan berbanding PerbelanjaanPendapatan Dijana dihantar ke depanPendapatan Dijana dibawa ke depan2010RM43,131,55143,131,5511,218,0361,218,03614,400,09658,749,683(4,568,180)--(3,383,871)(8,341)(7,960,392)50,789,291116,838,327167,627,6182009RM35,650,88035,650,880150,500150,50014,932,05350,733,433(3,601,506)(547,896)(547,896)(2,906,508)(11,929)(7,067,839)43,665,59473,172,733116,838,327PRUlink Funds 209

Penyata Pendapatan Dan Perbelanjaan Bagi Tahun Kewangan Berakhir 31 Disember 2010PRUlink managed fundPendapatan Pelaburan BersihRebat YuranKeuntungan daripada PenjualanSekuritiKeuntungan Modal Belum TerealisasiJumlah PendapatanYuran Pengurusan PelaburanKerugian daripada PenjualanSekuritiJumlah PerbelanjaanLebihan Pendapatan berbanding PerbelanjaanPendapatan Dijana dihantar ke depanPendapatan Dijana dibawa ke depan2010RM14,528,72714,528,72731,784,65331,784,653156,691,873203,005,253(17,814,592)--(17,814,592)185,190,661292,179,597477,370,2582009RM10,676,69210,676,69212,298,80912,298,809221,510,364.00244,485,865(13,467,368)(2,260,667)(2,260,667)(15,728,035)228,757,83063,421,767292,179,597PRUlink Funds 210

Penyata Pendapatan Dan Perbelanjaan Bagi Tahun Kewangan Berakhir 31 Disember 2010PRUlink managed fund IIPendapatan Pelaburan BersihRebat YuranKeuntungan daripada PenjualanSekuritiKeuntungan Modal Belum TerealisasiJumlah PendapatanYuran Pengurusan PelaburanKerugian daripada PenjualanSekuritiJumlah PerbelanjaanLebihan Pendapatan berbanding PerbelanjaanPendapatan Dijana dihantar ke depanPendapatan Dijana dibawa ke depan2010RM3,172,4043,172,40410,316,40010,316,40031,726,15345,214,957(3,132,271)--(3,132,271)42,082,68623,645,12465,727,8102009RM1,910,6951,910,6952,805,6782,805,67841,966,97046,683,343(1,912,236)(2,533,660)(2,533,660)(4,445,896)42,237,447(18,592,323)23,645,124PRUlink Funds 211

Penyata Pendapatan Dan Perbelanjaan Bagi Tahun Kewangan Berakhir 31 Disember 2010PRUlink golden equity fundPendapatan Pelaburan BersihRebat YuranKeuntungan daripada PenjualanSekuritiKeuntungan Modal Belum TerealisasiPendapatan LainJumlah PendapatanYuran Pengurusan PelaburanKeuntungan daripada PenjualanSekuritiPerbelanjaan LainJumlah PerbelanjaanLebihan Pendapatan berbanding PerbelanjaanPendapatan Dijana dihantar ke depanPendapatan Dijana dibawa ke depan2010RM1,311,3571,311,3571,701,7821,701,78215,885,76429818,899,201(1,311,494)---(1,311,494)17,587,7075,129,59622,717,3032009RM785,224785,224311,015311,01518,382,386-19,478,625(783,454)(640,105)(640,105)(600)(1,424,159)18,054,466(12,924,870)5,129,596PRUlink Funds 212

Penyata Pendapatan Dan Perbelanjaan Bagi Tahun Kewangan Berakhir 31 Disember 2010PRUlink golden bond fundPendapatan Pelaburan BersihYuran RebatKeuntungan daripada PenjualanSekuritiKeuntungan Modal Belum TerealisasiPendapatan LainJumlah PendapatanYuran Pengurusan PelaburanKerugian daripada PenjualanSekuritiPerbelanjaan LainJumlah PerbelanjaanLebihan Pendapatan berbanding PerbelanjaanPendapatan Dijana dihantar ke depanPendapatan Dijana dibawa ke depan2010RM1,041,7061,041,706172,719172,71911,205,56829812,420,291(2,083,433)---(2,083,433)10,336,85810,513,12520,849,9832009RM726,715726,71586,30986,3098,756,793-9,569,817(1,454,126)--(600)(1,454,726)8,115,0912,398,03410,513,125PRUlink Funds 213

Penyata Pendapatan Dan Perbelanjaan Bagi Tahun Kewangan Berakhir 31 Disember 2010PRUlink dana unggulPendapatan Pelaburan BersihPendapatan faedahPendapatan dividenKeuntungan daripada PenjualanSekuritiKeuntungan Modal Belum TerealisasiPeruntukan CukaiJumlah PendapatanYuran Pengurusan PelaburanKerugian daripada PenjualanSekuritiPeruntukan CukaiPerbelanjaan LainJumlah PerbelanjaanLebihan Pendapatan berbanding PerbelanjaanPendapatan Dijana dihantar ke depanPendapatan Dijana dibawa ke depan2010RM11,171,008772,34510,398,66323,983,72423,983,72436,897,104-72,051,836(5,111,549)(4,970,402)(4,970,402)(3,407,174)(44,110)(13,533,235)58,518,60164,067,449122,586,0502009RM7,283,876629,2186,654,65813,984,68313,984,68372,430,5361,103,68894,802,783(3,582,291)(16,038,947)(16,038,947)-(62,327)(19,683,565)75,119,218(11,051,769)64,067,449PRUlink Funds 214

Penyata Pendapatan Dan Perbelanjaan Bagi Tahun Kewangan Berakhir 31 Disember 2010PRUlink dana amanPendapatan Pelaburan BersihPendapatan faedahKeuntungan daripada PenjualanSekuritiKeuntungan Modal Belum TerealisasiJumlah PendapatanYuran Pengurusan PelaburanKerugian daripada PenjualanSekuritiPeruntukan CukaiPerbelanjaan LainJumlah PerbelanjaanLebihan Pendapatan berbanding PerbelanjaanPendapatan Dijana dihantar ke depanPendapatan Dijana dibawa ke depan2010RM2,131,2462,131,246104,892104,8921,158,1243,394,262(259,838)--(164,766)(7,351)(431,955)2,962,3076,517,6099,479,9162009RM1,885,9901,885,990--825,3142,711,304(212,075)(123,052)(123,052)(133,331)(9,787)(478,245)2,233,0594,284,5506,517,609PRUlink Funds 215

Penyata Pendapatan Dan Perbelanjaan Bagi Tahun Kewangan Berakhir 31 Disember 2010PRUlink dana urusPendapatan Pelaburan BersihYuran RebatKeuntungan daripada PenjualanSekuritiKeuntungan Modal Belum TerealisasiJumlah PendapatanYuran Pengurusan PelaburanKerugian daripada PenjualanSekuritiJumlah PerbelanjaanLebihan Pendapatan berbanding PerbelanjaanPendapatan Dijana dihantar ke depanPendapatan Dijana dibawa ke depan2010RM1,156,8341,156,8342,293,5272,293,52710,907,25014,357,611(1,428,796)--(1,428,796)12,928,81517,108,48430,037,2992009RM858,486858,486883,157883,15716,484,72018,226,363(1,085,477)(494,911)(494,911)(1,580,388)16,645,975462,50917,108,484PRUlink Funds 216

Penyata Pendapatan Dan Perbelanjaan Bagi Tahun Kewangan Berakhir 31 Disember 2010PRUlink dana urus IIPendapatan Pelaburan BersihRebat YuranKeuntungan daripada PenjualanSekuritiKeuntungan Modal Belum TerealisasiJumlah PendapatanYuran Pengurusan PelaburanKerugian daripada PenjualanSekuritiJumlah PerbelanjaanLebihan Pendapatan berbanding PerbelanjaanPendapatan Dijana dihantar ke depanPendapatan Dijana dibawa ke depan2010RM234,823234,823967,647967,6471,775,8052,978,275(232,162)--(232,162)2,746,1131,229,6173,975,7302009RM136,330136,330309,502309,5022,623,5693,069,401(136,449)(260,692)(260,692)(397,141)2,672,260(1,442,643)1,229,617PRUlink Funds 217

Penyata Pendapatan Dan Perbelanjaan Bagi Tahun Kewangan Berakhir 31 Disember 2010PRUlink asia managed fundPendapatan Pelaburan BersihPendapatan faedahLain-lainKeuntungan daripada PenjualanSekuritiKeuntungan Modal Belum TerealisasiPeruntukan CukaiJumlah PendapatanYuran Pengurusan PelaburanKerugian daripada PenjualanSekuritiPeruntukan CukaiPerbelanjaan LainJumlah PerbelanjaanLebihan Pendapatan berbanding PerbelanjaanPendapatan Dijana dihantar ke depanPendapatan Dijana dibawa ke depan2010RM(4,800,607)430(4,801,037)12,315,21912,315,2197,288,958-14,803,570(3,284,557)--(1,277,380)(3,021)(4,564,958)10,238,61221,064,88731,303,4992009RM805,33415,697789,6372,298,3312,298,331106,518,231225,210109,847,106(2,943,649)(7,421,530)(7,421,530)-(4,113)(10,369,292)99,477,814(78,412,927)21,064,887PRUlink Funds 218

Penyata Pendapatan Dan Perbelanjaan Bagi Tahun Kewangan Berakhir 31 Disember 2010PRUlink asia property securities fundPendapatan Pelaburan BersihPendapatan faedahLain-lainKeuntungan daripada PenjualanSekuritiKentungan Modal Belum TerealisasiPeruntukan CukaiJumlah PendapatanYuran Pengurusan PelaburanPeruntukan CukaiPerbelanjaan LainJumlah PerbelanjaanLebihan Pendapatan berbanding PerbelanjaanPendapatan Dijana dihantar ke depanPendapatan Dijana dibawa ke depan2010RM(48,457)468(48,925)7,9927,9922,728,892-2,688,427(296,118)(10,013)(1,248)(307,379)2,381,048(2,090,034)291,0142009RM(3,535)1,412(4,947)--4,207,58953,2864,257,340(188,654)-(4,683)(193,337)4,064,003(6,154,037)(2,090,034)PRUlink Funds 219

Penyata Pendapatan Dan Perbelanjaan Bagi Tahun Kewangan Berakhir 31 Disember 2010PRUlink asia local bond fundPendapatan Pelaburan BersihPendapatan faedahLain-lainKeuntungan daripada PenjualanSekuritiKeuntungan Modal Belum TerealisasiJumlah PendapatanYuran Pengurusan PelaburanKerugian Modal Belum TerealisasiPeruntukan CukaiPerbelanjaan LainCaj BankJumlah PerbelanjaanLebihan Pendapatan berbanding PerbelanjaanPendapatan Dijana dihantar ke depanPendapatan Dijana dibawa ke depan2010RM(56,920)849(57,769)198,091198,091-141,171(26,299)(16,558)(15,275)(1,294)(1,294)(59,426)81,745199,650281,3952009RM(19,761)997(20,758)--210,896191,135(9,716)-(8,220)(629)(629)(18,565)172,57027,080199,650PRUlink Funds 220

Penyata Pendapatan Dan Perbelanjaan Bagi Tahun Kewangan Berakhir 31 Disember 2010PRUlink global market navigator fundPendapatan Pelaburan BersihPendapatan faedahLain-lainKeuntungan daripada PenjualanSekuritiKeuntungan Modal Belum TerealisasiJumlah PendapatanYuran Pengurusan PelaburanPeruntukan CukaiKeuntungan Modal Belum TerealisasiPerbelanjaan LainJumlah Perbelanjaan(Perbelanjaan)/Pendapatan BersihPendapatan Dijana dihantar ke depanPendapatan Dijana dibawa ke depan2010RM(952,722)329(953,051)940,024940,024-(12,698)(481,612)(41,984)(666,508)(443)(1,190,547)(1,203,245)1,742,917539,6722009RM(78,624)15,072(93,696)--1,925,3671,846,743(222,963)(74,155)-(7,468)(304,586)1,542,157200,7601,742,917PRUlink Funds 221

Penyata Pendapatan Dan Perbelanjaan Bagi Tahun Kewangan Berakhir 31 Disember 2010PRUlink dragon peacock fund2010RMPendapatan Pelaburan BersihPendapatan faedahLain-lainKeuntungan Modal Belum TerealisasiJumlah PendapatanYuran Pengurusan PelaburanPeruntukan CukaiPerbelanjaan LainJumlah PerbelanjaanLebihan Pendapatan berbanding PerbelanjaanPendapatan Dijana dihantar ke depanPendapatan Dijana dibawa ke depan(73,836)9,164(83,000)2,137,3312,063,495(237,301)(82,834)(5,746)(325,881)1,737,614-1,737,614PRUlink Funds 222

Penyata Pendapatan Dan Perbelanjaan Bagi Tempoh 10 Bulan Berakhir 31 Disember 2010PRUlink education equity fund2010RMPendapatan Pelaburan BersihRebat YuranKeuntungan daripada PenjualanSekuritiKeuntungan Modal Belum TerealisasiJumlah PendapatanYuran Pengurusan PelaburanJumlah PerbelanjaanLebihan Pendapatan berbanding PerbelanjaanPendapatan Dijana dihantar ke depanPendapatan Dijana dibawa ke depan6216211,6341,6347,78810,043(621)(621)9,422-9,422PRUlink Funds 223

Penyata Pendapatan Dan Perbelanjaan Bagi Tempoh 10 Bulan Berakhir 31 Disember 2010PRUlink education bond fund2010RMPendapatan Pelaburan BersihRebat YuranKeuntungan daripada PenjualanSekuritiKeuntungan Modal Belum TerealisasiJumlah PendapatanYuran Pengurusan PelaburanJumlah PerbelanjaanLebihan Pendapatan berbanding PerbelanjaanPendapatan Dijana dihantar ke depanPendapatan Dijana dibawa ke depan3323327007002,3923,424(663)(663)2,761-2,761PRUlink Funds 224

Penyata Pendapatan Dan Perbelanjaan Bagi Tempoh 5 Bulan Berakhir 31 Disember 2010PRUlink asia equity fund2010RMPendapatan Pelaburan BersihPendapatan faedahLain-lainKeuntungan Modal Belum TerealisasiJumlah PendapatanYuran Pengurusan PelaburanPeruntukan CukaiPerbelanjaan LainJumlah PerbelanjaanLebihan Pendapatan berbanding PerbelanjaanPendapatan Dijana dihantar ke depanPendapatan Dijana dibawa ke depan(6,296)3,059(9,355)134,263127,967(13,087)(5,175)(1,948)(20,210)107,757-107,757PRUlink Funds 225

Penyata Pendapatan Dan Perbelanjaan Bagi Tempoh 1 Bulan Berakhir 31 Disember 2010PRUlink MyOptimizer fund2010RMPendapatan Pelaburan BersihPendapatan faedahLain-lainKeuntungan Modal Belum TerealisasiJumlah PendapatanYuran Pengurusan PelaburanPeruntukan CukaiPerbelanjaan LainJumlah PerbelanjaanLebihan Pendapatan berbanding PerbelanjaanPendapatan Dijana dihantar ke depanPendapatan Dijana dibawa ke depan-----------PRUlink Funds 226

Penyata Pendapatan Dan Perbelanjaan Bagi Tahun Kewangan Berakhir 31 Disember 2010PRUlink guaranteed accountPendapatan Pelaburan BersihPendapatan faedahPendapatan dividenKeuntungan daripada PenjualanSekuritiKeuntungan Modal Belum TerealisasiPendapatan LainJumlah PendapatanYuran Pengurusan PelaburanKerugian Modal Belum TerealisasiPeruntukan CukaiPerbelanjaan LainJumlah Perbelanjaan(Perbelanjaan)/Pendapatan BersihPendapatan Dijana dihantar ke depanPendapatan Dijana dibawa ke depan2010RM62,97962,979-2,620,0222,620,022-1,1532,684,154(24,432)(2,561,063)(133,847)(260)(2,719,602)(35,448)2,990,7492,955,3012009RM66,66466,664-264,612264,612263,03313,093607,402(75,867)-(41,701)(8,431)(125,999)481,4032,509,3462,990,749PRUlink Funds 227

Nota Pada Penyata Kewangan1. Ringkasan Dasar Perakaunan Pentinga. Asas PerakaunanPenyata kewangan telah disediakan menurut Garis Panduan mengenai Perniagaan Insurans Berkaitan Pelaburan(BNM/RH/GL 010-15) yang diubah suai oleh yang berikut bagi tujuan penentuan harga unit:i. pelaburan pada nilai pasaran dilaraskan untuk merangkumi kos pemerolehan masa depan.Ini untuk memastikan penentuan harga unit yang saksama bagi pemegang unit yang masuk, keluar dan yangtinggal;ii. peruntukan cukai tertunda ke atas keuntungan yang belum direalisasikan menggunakan kadar yang dikirasecara aktuari sebanyak 4% dan bukannya kadar berkanun sebanyak 8%.Lembaga Pengarah berpendapat bahawa oleh sebab keuntungan ini akan hanya direalisasikan pada masadepan, maka kadar cukai yang lebih rendah sebanyak 4% telah digunakan untuk memastikan penentuan hargaunit yang saksama bagi pemegang unit yang masuk, keluar dan yang tinggal; danb. PelaburanPelaburan disebut harga dinilai pada harga penutup pasaran pada akhir tahun kewangan.Stok/bon pinjaman tidak disebut harga dinilai pada harga semasa yang disebut oleh institusi kewangan.Keuntungan atau kerugian belum terealisasi bersih dalam nilai pelaburan dikreditkan atau dicajkan ke PenyataPendapatan dan Perbelanjaan.c. Pendapatan DividenPendapatan dividen diiktiraf apabila hak untuk menerima bayaran dapat ditentukan.d. Pendapatan FaedahPendapatan faedah diiktiraf berdasarkan akruan.PRUlink Funds 228

e. Keuntungan/Kerugian daripada Penjualan PelaburanKeuntungan atau kerugian daripada penjualan pelaburan dikreditkan atau dicajkan ke Penyata Pendapatan danPerbelanjaan.f. Yuran Pengurusan PelaburanYuran pengurusan pelaburan dikira menurut peruntukan-peruntukan dokumen polisi.g. Rebat YuranIni adalah berkaitan dengan rebat yuran daripada Pengurus Dana bagi pelaburan yang dipegang dalam PRUlinkequity fund dan PRUlink bond fund untuk PRUlink managed fund/PRUlink managed fund II/PRUlink golden equity fund/PRUlink golden bond fund/PRUlink education equity fund/PRUlink education bond fund dan dalam PRUlink dana ungguldan PRUlink dana aman untuk PRUlink dana urus/PRUlink dana urus II.h. Tunai dan Kesetaraan TunaiTunai dan kesetaraan tunai terdiri daripada tunai dalam tangan dan baki dengan bank, tidak termasuk deposit tetapdan panggilan.2. Perbelanjaan lain terdiri daripada caj bank dan caj penjaga.3. Rebat dan Komisen RinganPengurus Dana dilarang oleh peraturan daripada menerima sebarang rebat atau berkongsi sebarang komisen daripadamana-mana broker/peniaga. Oleh yang demikian, sebarang rebat dan komisen ringan yang diterima daripada brokersaham/peniaga akan disalurkan kepada Dana-dana. Walau bagaimanapun, komisen ringan yang diterima dalambentuk barangan dan perkhidmatan yang ternyata memberi manfaat kepada pemegang unit seperti pangkalan dataasas, perkhidmatan kawat kewangan, perisian analisis teknikal dan sistem sebut harga saham yang berkaitan denganpengurusan pelaburan Dana-dana ini akan disimpan oleh Pengurus Dana.4. Pada 31 Disember 2010, Dana-dana ini tidak mempunyai liabiliti atau komitmen luar jangka.5. Semua amaun dinyatakan dalam Ringgit Malaysia.PRUlink Funds 229

Prudential Assurance Malaysia Berhad (107655-U)Level 17, Menara Prudential, No.10, Jalan Sultan Ismail, 50250 Kuala Lumpur, Malaysia.Tel: 03-2116 0228 Fax: 03-2032 3939 Email: customer.mys@prudential.com.mywww.prudential.com.myPRUlink Funds 230