PRUlink funds - Prudential Malaysia

PRUlink fundsReport And Statement Of The Manager For The Year Ended 31 December 2011Laporan Dan Penyata Pengurus Bagi Tahun Berakhir 31 Disember 2011I 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 COMMODITY ALLOCATOR FUNDI COMMODITY ALLOCATOR FUND III DYNA GROWTH I FUNDI DYNA GROWTH II FUNDI DYNA GROWTH III FUNDI DYNA GROWTH IV FUNDI MONEY MARKET FUND

Contents / KandunganCEO’s Message 1Fund Objectives 3Investment Review 5Fund Performance 7Investment Outlook 10Financial Highlights 12Statement of Assets and Liabilities 79Statement of Changes in Net Asset Value 105Statement of Income and Expenditure 118Notes to the Financial Statements 144Perutusan Ketua Pegawai Eksekutif 147Objektif Dana 149Tinjauan Pelaburan 151Prestasi Dana 153Tinjauan Masa Depan Pelaburan 156Sorotan Kewangan 159Penyata Aset dan Liabiliti 226Penyata Perubahan dalam Nilai Aset Bersih 252Penyata Pendapatan dan Perbelanjaan 265Nota pada Penyata Kewangan 291This 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.

CEO’s MessageDear Valued Policyholder,2012 marks a particularly meaningful and exciting timefor Prudential Assurance Malaysia Berhad (PAMB). It is our88th anniversary in Malaysia this year and we have much tocelebrate.From humble beginnings, Prudential has grown to become aleading insurer with presence all across Malaysia. Today, westand proud as a formidable industry leader who remains atthe forefront of product innovation, always striving to bringnew and innovative financial solutions to our customers tohelp fulfil their different life-stage needs.In 2010, we created history by becoming the first everinsurer in the Malaysian industry to achieve RM1 billionin new business sales and we continued on this strongmomentum last year when we exceeded RM1.1 billion intotal new business Annual Premium Equivalent (or APE) sales– with both Life Insurance and Family Takaful contributionscombined.To us, this business achievement was more than justanother new milestone for the Company. Not only is themarked improvement a result of the dedication and hardwork from all our Wealth Planners, agents, Quality Leaders,bancassurance partners and staff; but in a way, it is alsoan indication of the general receptiveness and increasedawareness of the general public towards the need forinsurance as well as their continuous faith in the productsand services offered by Prudential. We owe much of oursuccess to our customers across Malaysia who have to date,exceeded more than 1 million in total.On behalf of Prudential, I want to thank you, our valuedcustomer, for your ongoing support and trust throughoutthe years. Thank you for giving us the opportunity to listento and understand your hopes and dreams, and allowing usto help you plan for a financially secure future for you, yourfamily and loved ones. It has been a tremendous honourto serve you, and we remain absolutely committed tonurturing and strengthening our relationship with you foryears to come.On this note, I am pleased to report that our investmentphilosophy to always create value for our policyholdersover the long term has once again proven beneficial, withmajority of our PRUlink funds (investment-linked insurancefunds) posting positive returns for year 2011. Please turnto page 7-9 of this report for full details of all our PRUlinkfunds and their individual performances.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 you know, your investment-linked insurance policy isintended to meet your long-term financial goals and protectyour family’s financial future. We understand that yoursituation in life and your corresponding needs may changealong the way. It is for this reason that our investmentlinkedinsurance plans have been designed to provide youwith the option of directing your premium or fund value toa choice of different PRUlink funds at any time during theterm of your policy via our fund switching 2 facility. The firstfour switches within the same year are free.Meanwhile, if you have any questions regarding yourinvestments or if you would like to use our fund switchingfacility, please do not hesitate to call on your PrudentialWealth Planner or agent. You may also contact our CustomerService Representatives at 03-2116 0228, send your queriesto customer.mys@prudential.com.my, or visit the nearestbranch. We will be pleased to assist you.Turning 88 this year is without a doubt an importantmilestone for Prudential Assurance Malaysia. But evenmore importantly, it signifies our commitment to be herefor you for the long run. You can be assured that we willcontinue to be prudent in managing our business and at thesame time, leverage on the extensive expertise of our assetmanagement counterpart, Eastspring Investments Berhad(formerly known as Prudential Funds Management Berhad)to nurture the growth of your investments with us. For yourinformation, Eastspring Investments is the new corporatename and brand for Prudential plc’s asset managementoperations in Asia, following a rebranding exercise whichtook place early this year. However, rest assured that thechange in brand name will have no impact on the business’operations, investment strategy or leadership. EastspringInvestments will continue to operate ‘business-as-usual’,with no change to the terms of existing policies.Last but not least, I would like to thank you once again forplacing your trust in us to look after your insurance needs.It has been our privilege to be your preferred insurer andwe promise that we will always stay true to our philosophyof ‘Always Listening, Always Understanding’ and willcontinue to work even harder to provide you with productsand services that exceed your expectations.We look forward to serving you for many more years tocome.Best wishes for a prosperous, healthy and peaceful yearahead.Yours sincerely,Charlie E. Oropeza CLU, ChFC, CPCUChief Executive OfficerPrudential Assurance Malaysia Berhad2Fund switching facility is not available for PRUlink MyOptimizer fund, PRUlink commodity allocator fund, PRUlink commodity allocator II fund and PRUlink dyna growth funds.PRUlink Funds 2

Fund ObjectivesPRUlink equity fund aims to maximise returns over mediumto long term by investing in high quality shares listed on theBursa Malaysia.PRUlink bond fund aims to provide medium to long termaccumulation of capital by investing in selected fixed interestsecurities, corporate bonds and fixed deposits.PRUlink managed fund / PRUlink managed fund II is amanaged fund that seeks to maximise returns over mediumto long term by investing in shares and fixed interestsecurities through PRUlink equity fund and PRUlink bondfund and in any other PRUlink funds that may becomeavailable 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 aims to maximise returns over mediumto long term by investing in high quality Shariah-approvedshares listed on the Bursa Malaysia.PRUlink dana aman aims to provide medium to long termaccumulation of capital by investing in selected Islamic debtsecurities.PRUlink dana urus / PRUlink dana urus II is a managed fundthat seeks to maximise returns over medium to long termby investing in Shariah-approved shares and Islamic debtsecurities through PRUlink dana unggul and PRUlink danaaman and in any other such PRUlink funds that may becomeavailable in the future.PRUlink asia managed fund is an actively managed fundthat seeks to maximise returns over medium to long term.This is achieved by investing directly in shares, fixed interestsecurities and money market instruments in the Asia Pacificex Japan region through any other PRUlink global fundsthat may become available in the future or indirectly viasub-funds managed by Eastspring Investments (Singapore)Limited or any other fund manager to be determined fromtime to time.PRUlink asia property securities fund is an actively managedfund that seeks to maximise income and long-term totalreturn. This is achieved by investing in listed Real EstateInvestment Trusts (REITS) and property related securities ofcompanies, which are incorporated, listed or have their areaof primary activity in the Asia Pacific region including Japan,Australia and New Zealand. The fund may also invest indepository receipts, debt securities convertible into commonshares, preference shares and warrants and through anyother PRUlink global funds that may become available inthe future or indirectly via sub-funds managed by EastspringInvestments (Singapore) Limited or any other fund managerto be determined from time to time.PRUlink asia local bond fund is an actively managed fundthat aims 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 over themedium-term, through the implementation of an activelymanaged asset allocation strategy in a diversified range ofglobal assets including cash, equities, bonds and currencies.Exposure to each asset classes will be primarily throughexchange traded funds, index futures, direct equity andbonds, swaps, options and foreign exchange forwards, eachof which may be traded through recognised exchanges orvia the over-the-counter markets. The use of derivatives isfor efficient portfolio management to gain access to themarkets efficiently in a cost effective manner.PRUlink dragon peacock fund is a fund that aims to maximizelong-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.PRUlink Funds 3

PRUlink education equity fund aims to maximize returnsover medium to long term, taking into account the needto meet guaranteed payouts. This is achieved by investingin high quality shares listed on the Bursa Malaysia and anyother financial instruments to be used for hedging theportfolio.PRUlink education bond fund aims to provide mediumto long term accumulation of capital, taking into accountthe need to meet guaranteed payouts. This is achieved byinvesting in selected fixed interest securities, corporate bondsand fixed deposits, and any other financial instruments tobe used for hedging the portfolio.PRUlink asia equity fund is a fund that aims to maximizelong-term total return by investing in equity and equityrelatedsecurities of companies, which are incorporated, orhave their area of primary activity in Asia Pacific ex-Japan.The Asia Pacific ex-Japan region includes but is not limitedto the following countries: Korea, Taiwan, Hong Kong,Philippines, Thailand, Malaysia, Singapore, Indonesia, thePeople’s Republic of China (PRC), India, Pakistan, Australiaand New Zealand. The fund may also invest in depositoryreceipts [including American Depository Receipts (ADRs)and Global Depository Receipts (GDRs)], debt securitiesconvertible into common shares, preference shares andwarrants.PRUlink MyOptimizer fund is a 5-year close-ended fundwith capital 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 provides potential upside,if any, in the form of yearly performance bonus to investorswhile protecting 100% of the capital at maturity.PRUlink commodity allocator fund is a 3-year 9-monthclose-ended fund with capital guaranteed at maturity byPrudential Assurance Malaysia Berhad. The Fund invests intoa structured deposit which is based on the performance ofDeutsche Bank Liquid Commodity Index (“DBLCI”) Allocator4 TM Index. This structured deposit provides investors withexposure to (1) Malaysian fixed income securities and (2)wide range of commodities under a long only strategy and/or a market neutral strategy. PRUlink commodity allocatorfund pays a guaranteed special bonus at the end of 18months. It also aims to achieve high returns to providepotential upside, if any, in the form of maturity bonus whileprotecting 100% of the capital at maturity.PRUlink commodity allocator fund II is a 3-year 9-monthclose-ended fund with capital guaranteed at maturity byPrudential Assurance Malaysia Berhad. The Fund invests intoa structured deposit which is based on the performance ofDeutsche Bank Liquid Commodity Index (“DBLCI”) Allocator4 TM Index. This structured deposit provides investors withexposure to (1) Malaysian fixed income securities and (2)wide range of commodities under a long only strategy and/or a market neutral strategy. PRUlink commodity allocatorfund II pays a guaranteed special bonus at the end of 18months. It also aims to achieve high returns to providepotential upside, if any, in the form of maturity bonus whileprotecting 100% of the capital at maturity.PRUlink dyna growth I/II/III/IV fund invest into structureddeposits. These structured deposits provides investor withexposure to (1) Malaysian fixed income securities and (2)multiple assets classes such as global equities, real estates,commodities, foreign exchange and alternative investments.The PRUlink dyna growth funds aim to maximise riskadjusted returns and to grow the value of the funds to thelifetime highest values at maturity.PRUlink money market fund aims to preserve capital valuewhile providing returns which are comparable to shortterm bank deposits. Apart from minimal risk exposure, thefund also maintains a high degree of liquidity by investingprimarily in high quality, low risk, short-term money marketinstruments and debt securities. Although the fund seeks topreserve the principal value, the ability of the fund to meetthis objective is not guaranteed.PRUlink Funds 4

Investment ReviewLocal Equity MarketThe market commenced on a strong note in 2011 with theFBM KLCI reaching a new high of 1,574.49 points, beforesuccumbing to profit taking, ahead of Chinese New Year.February and March brought with it a lot of concerns anduncertainties for the Malaysian market with the ongoingMiddle East and North Africa (MENA) region instability andrising oil prices. Malaysia’s full year 2010 corporate reportingseason was not very inspiring with more disappointmentsthan positive surprises. On 11 March 2011, the earthquakeand ensuing tsunami disaster in Japan caused the equitymarkets to correct globally due to the growing uncertainty.In 2Q11, sentiment in the global equity markets continuedto be dampened by Greece’s debt woes. Nonetheless,Malaysia’s stock market performed relatively well, spurredfrom the excitement in banking stocks as M&A became thetheme in June. Also in June, the listing of MSM Holdingswhich debuted at a 40% premium on the first day helpeddrive the market to close 2Q11 higher than the previoushigh last seen on 17 January 2011.3Q11 started off with a bang for the KLCI scaling new alltimehighs early in the quarter. However, profit taking soonset in as Wall Street and European markets experiencedselling pressures on renewed concerns on their debtproblems. In the US, we saw the loss of America’s triple-Arating for the first time in history and the announcementof US Federal Reserve’s choice of “Operation Twist” whichcaused the reversal of the 2-year long USD carry trade. Thelack of policy direction in response to the Europe debt crisisalso weighed on the local market. Domestically, Malaysia’sstock market was negatively affected by the Bersihstreet rally on 9 July 2011 which revived concerns aboutpolitical uncertainties. Sentiment was also weighed downby disappointing corporate results. Many big-cap GLCstocks such as Tenaga, Axiata, MISC, Petronas Chemicals,CIMB, MAS and Proton reported results that were belowexpectations. On the flip side, M&A activities continuedto steal the limelight as companies from the property andfinance sectors announced potential buy out offers .The KLCI staged a strong rally in early 4Q11 on the back ofrenewed confidence in Europe that a resolution was imminentfor the debt crisis in Europe, from the EU summit held on 23October 2011. However, the KLCI subsequently correctedsharply in mid-November amidst growing uncertainty in theEU due to transitions in governments in Italy, Greece andSpain, and potential contagion effects. Sentiment was alsodampened by the failure of US Congress’ “super committee”to reach an agreement on ways to achieve USD2.1 trillionof cost savings in the budget, which would result in acrossthe board spending cuts in 2013. Despite disappointmentfrom the 9 December 2011 EU Summit where investors hadhoped for a more concrete resolution to the Euro debt crisis,the market was supported by window dressing activities.Domestically, 3Q11 results reporting season were generallyin line or slightly below expectations, with few companiessurprising on the upside. The 2012 Budget announced on7 October 2011, will predominantly benefit the low incomeearners, civil servants, consumer sector and educationsectors.The FBM KLCI closed the year under review at 1,530.73points. It rose marginally by 0.78% during the period underreview, broadly outperforming regional markets.Bond MarketOn 27 January 2011, Bank Negara Malaysia (BNM) decidedto maintain the Overnight Policy Rate (OPR) at 2.75%.The Monetary Policy Committee (MPC) considered thecurrent monetary policy as appropriate and consistent withthe latest assessment of economic growth and inflationprospects. Whilst, BNM decided to maintain the OPR Rateat 2.75% on 11 March 2011, the MPC stated that monetarypolicy is expected to remain supportive of growth, but thedegree of monetary accommodation may be reviewed giventhe sustained growth in the economy and inflation risks.BNM also announced the increased of the Statutory ReserveRequirement (SRR) Ratio from 1.00% to 2.00%, effectivefrom 1 April 2011 and clarified that the SRR change is not asignal on the stance of monetary policy, but a pre-emptivemeasure to reduce the risk of a build-up of liquidity causedby capital flows into Asian emerging economies.PRUlink Funds 5

Amidst divided market views, BNM had on May 2011, hikedthe OPR by 25 bps to 3.00% after holding it unchanged for4 consecutive Monetary Policy Committee (MPC) meetings.The Monetary Policy Statement (MPS) cited that althoughthe global recovery is expected to continue going forward,downside risks have increased, arising from the potentialfor higher energy and commodity prices, possible supplydisruptions following developments in Japan and theheightened volatility in capital flows to emerging economies.On the domestic front, demand factors could further exertupward pressure on prices in 2H2011. BNM also raised theSRR Ratio from 2.00% to 3.00%, effective from 16 May2011, as a pre-emptive measure to manage the significantbuild up of liquidity which may result in financial imbalancesand create risks to financial stability.In the July and September MPC meetings, BNM decided tokeep the OPR unchanged at 3.00%, citing that heightenedconcerns over external demand risk could lead to slowingexport momentum. BNM expects inflation to remainrelatively stable for the rest of the year as cost-push inflationis expected to increase only at a gradual pace. The SRR Ratiowas also raised from 3.00% to 4.00% in July.external developments could affect the overall growthprospects of the domestic economy. Inflation is expected toremain stable for the rest of the year and moderate into2012.For the period under review, the 3-, 5- and 10-year sovereignbond yields changed by -13 bps, -12 bps and -31 bps to closeat 2.98%, 3.22% and 3.69% respectively. The Governmentbonds rallied in the second half of the year as BNM heldits OPR unchanged at 3.00%, citing weakening global anddomestic economic outlook as well as moderate inflation.Corporate bond yields generally moved in tandem withsovereign bond yields, albeit at a lag. Activities in thecorporate bond market were supported by ample liquidityand an improving credit environment.In the MPC meeting on 11 November 2011, BNM heldthe overnight policy rate (OPR) at 3.0%, citing that whilstthe Malaysian economy is expected to expand, the weakerPRUlink Funds 6

Fund PerformancePRUlink equity fundAs at 30 December 2011, the Net Asset Value per unit ofthe PRUlink equity fund stood at RM3.319 as comparedto RM3.189 at the end of 2010. For the period underreview, the fund performance of +4.08% outperformed thebenchmark’s return of +1.94%.Since its inception in July 1997, the Fund achieved an overallreturn of +231.93% against the benchmark performance of+55.78%, outperforming by +176.16%.PRUlink bond fundAs at 30 December 2011, the Net Asset Value per unit of thePRUlink bond fund increased to RM2.568 from RM2.437 atthe end of 2010, recording a return of +5.38% against thebenchmark’s return of +3.04% over the same period.Since its launch on 15 July 1997, the Fund achieved a returnof +156.75%.PRUlink managed fundAs at 30 December 2011, the Net Asset Value per unit ofthe PRUlink managed fund was RM2.765 compared toRM2.674 at the end of 2010. For the period under review,the PRUlink managed fund reported a return of +3.44%which outperformed the benchmark’s return of +2.46%.Since its inception on 14 September 1999, the Fund recordeda return of +176.55%.PRUlink managed fund IIAs at 30 December 2011, the Net Asset Value per unit ofthe PRUlink managed fund II was RM1.705 compared toRM1.639 at the end of 2010. For the period under review,the PRUlink managed fund II reported a return of +4.04%,outperforming the benchmark’s return of +2.31%.Since its inception in August 2006, the Fund recorded areturn of +70.51%.PRUlink golden equity fundAs of 30 December 2011, the Net Asset Value per unit ofthe PRUlink golden equity fund was RM1.302 comparedto RM1.252 at the end of 2010. For the 1-year period,the fund registered a return of 3.98%, outperforming thebenchmark’s return of +1.94%.Since its inception on 19 November 2007, the Fund recordeda return of +30.17%.PRUlink golden bond fundAs of 30 December 2011, the Net Asset Value per unit ofthe PRUlink golden bond fund was RM1.191 compared toRM1.135 at the end of 2010. The fund recorded a return of+4.92%, outperforming the benchmark’s return of +3.04%over the same period.Since its inception on 19 November 2007, the Fund recordeda return of +19.06%.PRUlink dana unggulThe PRUlink dana unggul closed 2011 at RM2.557 comparedto RM2.367 at the end of 2010. For the period underreview, the fund performance of +8.04% outperformed thebenchmark’s return of +2.41%.Since its launch on 1 August 2000, the Fund recorded areturn of +155.69%.PRUlink dana amanAs at 30 December 2011, the Net Asset Value per unit of thePRUlink dana aman increased to RM1.928 from RM1.835 atthe end of 2010, recording a return of +5.07% for the year.In comparison to the benchmark’s return of +3.04%.Since its launch on 1 August 2000, the Fund achieved areturn of +91.88%.PRUlink dana urusAs at 30 December 2011, the Net Asset Value per unit ofthe PRUlink dana urus was RM2.331 compared to RM2.197at the end of 2010. For the period under review, the fundperformance of +6.09% outperformed the benchmark’sreturn of +2.81%.Since its inception, the Fund recorded a return of+132.78%.PRUlink Funds 7

PRUlink dana urus IIAs of 30 December 2011, the Net Asset Value per unit of thePRUlink dana urus II was RM1.668 compared to RM1.555at the end of 2010. For the period under review, the fundperformance of +7.31% outperformed the benchmark’sreturn of +2.70%.Since its inception on 1 August 2006, the Fund recorded areturn of +66.83%.PRUlink asia managed fundThe PRUlink asia managed fund closed 2011 at RM1.136compared to RM1.287 at the end of 2010. For the periodunder review, the fund reported a return of -11.74%,underperforming the benchmark’s return of -8.36%.Since its inception on 30 November 2005, the Fund recordeda return of +13.63%.PRUlink asia property securities fundAs of 30 December 2011, the Net Asset Value per unit of thePRUlink asia property securities fund was RM0.784 comparedto RM0.821 a year ago. For the period under review, thefund registered a return of -4.50%, underperforming thebenchmark’s return of -2.40%.Since its inception on 12 February 2008, the Fund recordeda return of -21.60%.PRUlink asia local bond fundAs of 30 December 2011, the Net Asset Value per unit ofthe PRUlink asia local bond fund was RM1.341, up fromRM1.258 in 2010. For the period under review, the fundregistered a return of +6.62%, underperforming thebenchmark’s return of +7.75%.Since its inception on 16 September 2008, the Fund recordeda return of +34.12%.PRUlink global market navigator fundAs of 30 December 2011, the Net Asset Value per unit ofthe PRUlink global market navigator fund was RM1.102,down from RM1.161 a year ago. For the period underreview, the fund registered a return of -5.06% compared tothe benchmark’s return of +3.04%.Since its inception on 16 September 2008, the Fund recordeda return of 10.24%.PRUlink dragon peacock fundAs at 30 December 2011, the Net Asset Value per unitof the PRUlink dragon peacock fund stood at RM0.821,compared to RM1.096 at the end of 2010. For the periodunder review, the fund recorded a return of -25.11% versusthe benchmark’s return of -25.75%.Since its inception on 20 January 2010, the Fund registereda return of -17.94%.PRUlink education equity fundAs at 30 December 2011, the Net Asset Value per unit of thePRUlink education equity fund was RM1.220, up +3.98%from RM1.173 at the end of 2010. The fund’s benchmarkregistered a return of +1.94% over the same period.The fund recorded a return of 21.98% since its inception on10 March 2010.PRUlink education bond fundAs at 30 December 2011, the Net Asset Value per unit ofthe PRUlink education bond fund was RM1.094 comparedto RM1.043 at the end of 2010. The fund recorded a returnof +4.92% against the benchmark’s return of +3.04% overthe same period.The fund recorded a return of +9.42% since its inception on10 March 2010.PRUlink asia equity fundAs at 30 December 2011, the Net Asset Value per unit ofthe PRUlink asia equity fund stood at RM0.857 comparedto RM1.062 at the end of 2010. For the period underreview, the fund performance of -19.31% underperformedthe benchmark of -14.73%.Since its inception on 17 September 2010, the fundregistered a performance of -14.30%.PRUlink Funds 8

PRUlink MyOptimizer fundAs at 30 December 2011, the Net Asset Value of the PRUlinkMyOptimizer fund stood at RM0.954, recording a return of-0.63% since its inception on 30 December 2010.PRUlink commodity allocator fundAs at 30 December 2011, the Net Asset Value of the PRUlinkcommodity allocator fund stood at RM0.977, recording areturn of +1.50% since its inception on 4 April 2011.PRUlink commodity allocator fund IIAs at 30 December 2011, the Net Asset Value of the PRUlinkcommodity allocator fund stood at RM0.983, recording areturn of +1.84% since its inception on 21 July 2011.PRUlink dyna growth I fundAs at 30 December 2011, the Net Asset Value of the PRUlinkdyna growth I fund stood at RM0.934, recording a return of-6.57% since its inception on 22 August 2011.PRUlink dyna growth III fundAs at 30 December 2011, the Net Asset Value of the PRUlinkdyna growth III fund stood at RM0.876, recording a returnof -12.38% since its inception on 22 August 2011.PRUlink dyna growth IV fundAs at 30 December 2011, the Net Asset Value of the PRUlinkdyna growth IV fund stood at RM0.876, recording a returnof -12.36% since its inception on 22 August 2011.PRUlink money market fundThe Net Asset Value per unit of the PRUlink money marketfund stood at RM1.005 at the end of 2011. Since inceptionon 4 November 2011, the fund registered a performance of+0.46% compared to the benchmark of +0.52%.Source: Lipper for Investment Management, Bloomberg,Eastspring Investment BerhadPRUlink dyna growth II fundAs at 30 December 2011, the Net Asset Value of the PRUlinkdyna growth II fund stood at RM0.897, recording a returnof -10.30% since its inception on 22 August 2011.PRUlink Funds 9

Investment OutlookLocal Equity2012 will continue to be faced with many uncertainties,with 2011 unresolved issues rolling over into 2012, andmarkets will have to stomach additional potential volatilitieson the political front as many countries will be having theirelections during the year, which may result in changes inpolicies.Domestically, Malaysia will continue to take its cue from theissues concerning the external environment. We expectconsumer spending to remain fairly resilient for now, as“goodies” from the Budget 2012 becomes effective 1 Jan2012, such as the 7-13% pay rise for government employeesand one-off payments. Catalysts for the next few monthsinclude the potential for the General Election to be called.2012 will potentially see the listing of Khazanah’s healthcareunit, Felda Global Ventures, amongst others. M&A’s will alsocontinue to be a theme in 2012.Whilst we believe that corporate earnings growth may benear a bottom, we remain cautious on Malaysian equitiesgoing into 2012 given the outstanding global uncertainties.Current global issues are going to take awhile to resolve andwill likely be further complicated, potentially in the form ofpolitical changes, with the many elections scheduled to occurglobally in 2012. However these events create opportunitiesfor out performance over the longer term.We continue to favour a bottom-up investment strategymoving forward, whereby tactical stock selection willdrive fund outperformance. We will continue to look forcompanies with stability in earnings, competitiveness in localor overseas markets, transparency and good track record ofcorporate governance.BondIn the MPC meeting on 31 January 2012, Bank NegaraMalaysia decided to maintain the overnight policy rate (OPR)at 3.0%, reiterating that the weaker external developmentscould affect the overall growth prospects of the domesticeconomy. With inflation expected to moderate in 2012, weare of the view that the OPR has an increased likelihood ofheading south in 2012.The Ringgit has been volatile in recent weeks due toincreasing risk aversion, as the European debt crisis persistsand this is expected to continue in the near term.Supply and activity in corporate bonds is expected to pickup as Issuers take advantage of the low interest rate levelsto raise funding.The bond market continues to be supported by ampledomestic liquidity and an improving credit environment.Asia-Pacific ex-JapanMarkets started 2011 on a positive note backed by optimismthat the global economy was on a recovery path. Then aseries of events: rising oil prices, political unrest in NorthAfrica and Middle East and a devastating earthquake inJapan quickly undermined confidence.As the year progressed, investors had to grapple withconcerns over US growth and fiscal problems, Europe’sescalating debt crisis, higher inflation and rising interestrate expectations in Asia. Worries that China might suffer ahard landing due to excessive policy tightening also affectedsentiment.As the year drew to a close, most equity markets in theAsia Pacific region ex-Japan managed to eke out somegains, recovering in part the hefty across-the-board lossesrecorded in November. China’s move to cut its reserverequirement ratio for banks for the first time since 2008 andthe coordinated action by six of the world’s central banksto cut funding costs for European lenders helped boost themarket. A series of favourable U.S. economic data boostedoptimism and temporarily eased worries that Europe’s debtcrisis will erode global growth.Nonetheless the year was marked by heightened marketvolatility as investors swung between risk taking and riskadverse modes. The MSCI Asia ex Japan posted a declineof 17.98%. India was the worst performing market,underperforming its regional peers due to issues rangingfrom inflation, lack of policy action and a slowing economy.Persistent inflationary pressures triggered a series of ratehikes by the Reserve Bank of India. As a result, economicgrowth numbers were downgraded several times during theyear. On the other hand, the equity markets of SoutheastPRUlink Funds 10

Asian countries such as Malaysia, Philippines and Indonesia,with inflation rates under their central bank’s target zone,emerged as the big outperformers.OutlookThe year of 2012 has started with some encouraging marketperformances, sparked by better-than-anticipated US andChinese economic data but it is probably too early to saythey represent a trend. The factors fuelling 2011’s volatilitythat is Europe’s sovereign and banking issues and growthconcerns remain in place - to varying degrees.Equity valuations in many markets suggest that much of thebad news was discounted in the market sell-offs in 3Q2011.All in, value does seem increasingly apparent but this is notwithout its risks; the factors that undermined confidenceover the past few years could still inflict another sell-off.Asia, on the other hand, should remain fairly resilient,although not unaffected by the advanced economies’woes. Concerns over China’s potential hard landing is overdone we believe, as the government’s blueprint for growthcontinues to be oriented towards increasing consumption,and it has plenty of fiscal power to stimulate the economyif need be.While the market is expected to remain volatile, economicgrowth in the region is expected to surpass developedmarkets over the medium term and a large number ofthe Asian companies we invest in continue to enjoy goodbusiness conditions. As such, the we will continue to focuson a bottom-up approach in search for undervalued stocks.GLOBALThe global market witnessed a volatile year in 2011. Despitea strong start at the beginning of the year, the market washit by rising oil prices amid political unrest in North Africaand Middle East as well as a devastating earthquake inJapan.The lack of policy direction in response to the Europedebt crisis adversely impacted the sentiment in the globalmarket. European policy makers, with opposing ideas andbackgrounds, are divided on how the Eurozone crisis canbe resolved.The burden of sovereign debt has not been confined toEurope. In July, political gridlock about raising the US debtceiling almost forced the world’s largest economy into atechnical default and prompted S&P to strip the country of itsAAA rating. However, a series of favourable U.S. economicdata boosted optimism and temporarily eased worries thatEurope’s debt crisis will erode global growth.Global equities ended the year lower with the MSCI WorldIndex declining by 7.62%. Developed markets such as theUS generally outperformed their Asian counterparts.OutlookMacro risks are likely to continue to overhang markets in2012. Ongoing uncertainties over the European sovereigndebt crisis, the status of the US economy and the pace ofeconomic growth in China suggest that upcoming data andother news flow could still cause considerable volatility inthe market.The structural debt issues and fiscal drag in the Westerneconomies are expected to be headwinds for global growth.Europe shows little sign of any possible quick and cleanresolution to its sovereign debt crisis; a long-drawn-outprocess is expected as political deadlock is likely to posehindrance to any decisive, concerted policy actions.Having said that, economic data, notably from the US andChina have been surprising on the upside. However, it isprobably too early to conclude they represent a trend.It is likely that policy actions will prove more crucial thanbefore to driving asset prices and valuations; not just inEurope or the US, but also monetary policy stances in theemerging world.Against these backdrops, the Fund Managers will continueto focus on bottom-up approach in search for undervaluedstocks.PRUlink Funds 11

Financial HighlightsComparative Performance Table For The Financial Year Ended 31 DecemberPRUlink equity fundCategory2011%2010%2009%2008%2007%EquityBuilding MaterialsConglomeratesConstructionConsumer ProductsBanking & FinanceGamingIndustrialManufacturingMediaMotorOil & GasPlantationPowerPropertyTechnologyTelecommunicationsTimberTransportationWater0.376.162.583.0320.698.171.320.020.841.0312.455.603.134.770.6614.12-1.720.1086.760.577.075.283.0629.268.651.670.161.141.685.197.015.103.161.0612.31-2.500.2395.110.109.372.710.9825.5712.092.85-2.491.652.798.176.301.700.9110.710.021.670.4190.510.198.702.921.6520.5311.141.41-2.301.335.306.616.152.530.619.190.043.340.0884.011.2313.574.882.3717.8614.391.07-2.623.058.531.447.114.330.885.340.184.000.2193.07Cash and DepositsOther AssetsTotal LiabilitiesTotal14.130.22(1.11)100.005.660.32(1.09)100.009.230.98(0.72)100.0017.180.98(2.17)100.007.012.21(2.29)100.00PRUlink Funds 12

Comparative Performance Table For The Financial Year Ended 31 DecemberPRUlink equity fundCategory2011%2010%2009%2008%2007%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 Distribution5,331,302,1101,606,185,1613.3193.3822.9054.08%-4,878,213,3631,529,617,6133.1893.1982.57121.34%-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%-Average Annual Return - Fund (+)PeriodOne yearThree yearsFive years4.08%21.63%9.58%Average Annual Return-Benchmark: FTSE Bursa MalaysiaTop 100 Index (FBM100)PeriodOne yearThree yearsFive years1.94%21.62%7.55%PRUlink Funds 13

PRUlink equity fund Performance(Since Inception)PRUlink equity fund Vs. FTSE Bursa Malaysia Top 100 Index (FBM100)250.00%250.00%230.00%230.00%210.00%190.00%170.00%PEFIndex-FBM100210.00%190.00%170.00%150.00%150.00%130.00%130.00%110.00%110.00%SI % Change90.00%70.00%50.00%30.00%90.00%70.00%50.00%30.00%10.00%10.00%0.00%0.00%(10.00%)(10.00%)(30.00%)(30.00%)(50.00%)(50.00%)(70.00%)(70.00%)(90.00%)(90.00%)Jul97Aug98Sep99Oct00Nov01Jan03Feb04Mar05Apr06May07Jun08Jul09Aug10Sep11Date+ 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.PRUlink Funds 14

Comparative Performance Table For The Financial Year Ended 31 DecemberPRUlink bond fundCategory2011%2010%2009%2008%2007%Fixed Income Securities:- Corporate Bonds/Securities- Negotiable Certificate of DepositsCash and DepositsOther AssetsTotal LiabilitiesTotal84.90-14.700.87(0.47)100.0091.100.498.230.79(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)100.00Total 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 Distribution1,506,193,723586,581,1602.5682.5682.4365.38%-1,035,786,244425,071,2982.4372.4352.3065.74%-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%-Average Annual Return - Fund (+)PeriodOne yearThree yearsFive years5.38%5.78%4.83%Average Annual Return-Benchmark: 12 Month Maybank Tier 1Fixed Deposit RatePeriodOne yearThree yearsFive years3.04%2.77%3.14%PRUlink Funds 15

PRUlink bond fund Performance(Since Inception)PRUlink bond fund Vs. 12 Month Maybank T1 Fixed Deposit Rate175.00%175.00%155.00%135.00%PBF12M MBB T1FD rate155.00%135.00%115.00%115.00%SI % Change95.00%75.00%95.00%75.00%55.00%55.00%35.00%35.00%15.00%15.00%(5.00%)(5.00%)Jul97Aug98Sep99Oct00Nov01Jan03Feb04Mar05Apr06May07Jun08Jul09Aug10Sep11Date+ 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.PRUlink Funds 16

Comparative Performance Table For The Financial Year Ended 31 DecemberPRUlink managed fundCategory2011%2010%2009%2008%2007%Investment in -PRUlink equity fundPRUlink bond fundCash and DepositsOther AssetsTotal LiabilitiesTotal62.9537.05---100.0073.9226.08---100.0071.3028.70---100.0064.6635.34---100.0075.8224.18---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 Distribution1,463,691,529529,277,4492.7652.8062.5333.44%-1,339,546,299501,044,2752.6742.6772.26116.59%-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%-Average Annual Return - Fund (+)PeriodOne yearThree yearsFive years3.44%15.98%7.80%Average Annual Return-Benchmark: 70% FTSE Bursa Malaysia Top 100Index (FBM 100) + 30% Maybank 12 Month Tier 1 Fixed Deposit RatePeriodOne yearThree yearsFive years2.46%15.86%6.51%PRUlink Funds 17

PRUlink managed fund Performance(Since Inception)PRUlink managed fund Vs. 70% FBM100 + 30% Maybank 12 Month T1 Fixed Deposit Rate200.00%200.00%180.00%160.00%140.00%PMF70% FBM100 + 30%MBB 12M T1 FD rate180.00%160.00%140.00%120.00%120.00%SI % Change100.00%80.00%100.00%80.00%60.00%60.00%40.00%40.00%20.00%20.00%0.00%0.00%(20.00%)(20.00%)SepAprNovJunJanAugMarOctMayDecJulFebSepAprNovJunJanAugMarOctMayDec99000001020203030404050606070708090910101111Date+ 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.PRUlink Funds 18

Comparative Performance Table For The Financial Year Ended 31 DecemberPRUlink managed fund IICategory2011%2010%2009%2008%2007%Investment in -PRUlink equity fundPRUlink bond fundCash and DepositsOther AssetsTotal LiabilitiesTotal73.1326.87---100.0082.9117.09---100.0081.4218.58---100.0076.2623.74---100.0083.0416.96---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 Distribution406,270,008238,271,3481.7051.7261.5424.04%-304,142,421185,582,5661.6391.6411.36018.50%-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%-Average Annual Return - Fund (+)PeriodOne yearThree yearsFive years4.04%18.22%8.64%Average Annual Return-Benchmark: 80% FTSE Bursa Malaysia Top 100Index (FBM 100) + 20% Maybank 12 Month Tier 1 Fixed Deposit RatePeriodOne yearThree yearsFive years2.31%17.77%6.88%PRUlink Funds 19

PRUlink managed fund II Performance(Since Inception)PRUlink managed fund II Vs. 80% FBM100 + 20% Maybank 12 Month T1 Fixed Deposit Rate90.00%90.00%70.00%PMF280% FBM100 + 20%MBB 12M T1 FD rate70.00%SI % Change50.00%30.00%50.00%30.00%10.00%10.00%(10.00%)(10.00%)Aug 06 Apr 07 Dec 07 Aug 08 Apr 09 Dec 09 Aug 10 Apr 11 Dec 11Date+ 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.PRUlink Funds 20

Comparative Performance Table For The Financial Year Ended 31 DecemberPRUlink golden equity fundCategory2011%2010%2009%2008%2007%Investment in -PRUlink equity fundCash at BankOther AssetsTotal LiabilitiesTotal100.00---100.0099.990.01--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 Distribution139,790,024107,389,4661.3021.3261.1393.98%-109,840,80787,742,7021.2521.2541.00821.45%-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 years3.98%21.63%6.65%Average Annual Return-Benchmark:FTSE Bursa Malaysia Top 100 Index (FBM 100)PeriodOne yearThree yearsFive years1.94%21.62%2.71%PRUlink Funds 21

PRUlink golden equity fund Performance(Since Inception)PRUlink golden equity fund Vs. FTSE Bursa Malaysia Top 100 Index (FBM100)40.00%40.00%30.00%20.00%PGEIndex-FBM10030.00%20.00%10.00%10.00%SI % Change0.00%(10.00%)0.00%(10.00%)(20.00%)(20.00%)(30.00%)(30.00%)(40.00%)(40.00%)(50.00%)(50.00%)Nov07Jun08Jan09Aug09Mar10Oct10May11Dec11Date+ 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.PRUlink Funds 22

Comparative Performance Table For The Financial Year Ended 31 DecemberPRUlink golden bond fundCategory2011%2010%2009%2008%2007%Investment in -PRUlink bond fundCash at BankOther AssetsTotal LiabilitiesTotal100.00---100.00100.00---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 Distribution338,728,479284,508,7701.1911.1911.1354.92%-249,642,277220,001,9511.1351.1351.0805.13%-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 years4.92%5.25%4.35%Average Annual Return-Benchmark: Maybank 12 Month Tier 1 Fixed Deposit RatePeriodOne yearThree yearsFive years3.04%2.77%3.08%PRUlink Funds 23

PRUlink golden bond fund Performance(Since Inception)PRUlink golden bond fund Vs. Maybank 12 Month Tier 1 Fixed Deposit Rate25.00%25.00%20.00%PGBMBB 12M T1 FD rate20.00%15.00%15.00%SI % Change10.00%10.00%5.00%5.00%0.00%0.00%(5.00%)Nov 07 Jun 08 Jan 09 Aug 09 Mar 10 Oct 10 May 11 Dec 11(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.PRUlink Funds 24

Comparative Performance Table For The Financial Year Ended 31 DecemberPRUlink dana unggulCategory2011%2010%2009%2008%2007%EquityBuilding MaterialsConglomeratesConstructionConsumer ProductsFinanceIndustrialManufacturingMediaMotorOil & GasPlantationPowerPropertyTechnologyTelecommunicationsTimberTransportationWater0.936.916.544.900.430.850.250.101.4116.5210.535.313.590.7627.37-2.71-89.112.2510.8613.822.310.141.651.090.101.839.1312.758.607.020.4317.52-5.99-95.483.2813.377.663.110.435.90--1.595.7414.5910.475.050.6313.12-3.740.7289.401.524.2312.702.440.202.07-0.630.9013.7912.990.213.93-9.79-5.029.0379.455.1115.828.612.98-4.90-1.503.859.967.548.506.522.166.310.795.792.0692.40Cash and DepositsOther AssetsTotal LiabilitiesTotal12.450.10(1.66)100.005.620.54(1.64)100.0010.860.83(1.09)100.0020.283.15(2.88)100.007.191.56(1.15)100.00PRUlink Funds 25

Comparative Performance Table For The Financial Year Ended 31 DecemberPRUlink dana unggulCategory2011%2010%2009%2008%2007%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 Distribution476,257,918186,266,5582.5572.5572.1998.04%-404,622,738170,971,0172.3672.3841.95018.10%-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%-Average Annual Return - Fund (+)PeriodOne yearThree yearsFive years8.04%21.00%8.78%Average Annual Return-Benchmark: FTSE-Bursa MalaysiaEmas Shariah Index (FBMSHA)PeriodOne yearThree yearsFive years2.41%20.08%7.04%PRUlink Funds 26

PRUlink dana unggul Performance(Since Inception)PRUlink dana unggul Vs. FTSE-Bursa Malaysia Emas Shariah Index (FBMSHA)160.00%160.00%140.00%120.00%PDUFBMSHA140.00%120.00%100.00%100.00%SI % Change80.00%60.00%40.00%80.00%60.00%40.00%20.00%20.00%0.00%0.00%(20.00%)(20.00%)(40.00%)(40.00%)Aug00Apr01Dec01Aug02Apr03Dec03Aug04Apr05Dec05Aug06Apr07Dec07Aug08Apr09Dec09Aug10Apr11Dec11Date+ 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.PRUlink Funds 27

Comparative Performance Table For The Financial Year Ended 31 DecemberPRUlink dana amanCategory2011%2010%2009%2008%2007%Fixed Income Securities:- Corporate Bonds/SecuritiesCash and DepositsOther AssetsTotal LiabilitiesTotal83.5516.580.70(0.83)100.0089.4510.440.68(0.57)100.0094.055.960.83(0.84)100.0075.0324.961.06(1.05)100.0090.309.600.99(0.89)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 Distribution81,094,20142,065,6571.9281.9281.8335.07%-56,965,61131,048,4841.8351.8331.7335.89%-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%-Average Annual Return - Fund (+)PeriodOne yearThree yearsFive years5.07%5.51%4.58%Average Annual Return-Benchmark: Maybank 12 MonthTier 1 Fixed Deposit RatePeriodOne yearThree yearsFive years3.04%2.77%3.14%PRUlink Funds 28

PRUlink dana aman Performance(Since Inception)PRUlink dana aman Vs. Maybank 12 Month Tier 1 Fixed Deposit Rate100.00%100.00%80.00%PDAMBB 12M T1 FD rate80.00%SI % Change60.00%40.00%60.00%40.00%20.00%20.00%0.00%0.00%Aug00Apr01Dec01Aug02Apr03Dec03Aug04Apr05Dec05Aug06Apr07Dec07Aug08Apr09Dec09Aug10Apr11Dec11Date+ 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.PRUlink Funds 29

Comparative Performance Table For The Financial Year Ended 31 DecemberPRUlink dana urusCategory2011%2010%2009%2008%2007%Investment in -PRUlink dana unggulPRUlink dana amanCash and DepositsOther AssetsTotal LiabilitiesTotal63.2736.73---100.0072.8927.11---100.0070.7929.21---100.0064.4935.51---100.0075.8824.12---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 Distribution120,239,67451,583,2532.3312.3312.1116.09%-107,985,91349,146,5562.1972.2081.89814.19%-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%-Average Annual Return - Fund (+)PeriodOne yearThree yearsFive years6.09%15.36%7.16%Average Annual Return-Benchmark: 70% FTSE-Bursa Malaysia Emas ShariahIndex (FBMSHA) + 30% Maybank 12 Month Tier 1 Fixed Deposit RatePeriodOne yearThree yearsFive years2.81%14.83%6.20%PRUlink Funds 30

PRUlink dana urus Performance(Since Inception)PRUlink dana urus Vs. 70% FBMSHA + 30% Maybank 12 Month Tier 1 Fixed Deposit Rate160.00%160.00%140.00%120.00%PDUrus70% FBMSHA & 30%MBB 12M T1 FD rate140.00%120.00%100.00%100.00%SI % Change80.00%60.00%40.00%80.00%60.00%40.00%20.00%20.00%0.00%0.00%(20.00%)(20.00%)(40.00%)Aug00Apr01Dec01Aug02Apr03Dec03Aug04Apr05Dec05Aug06Apr07Dec07Aug08Apr09Dec09Aug10Apr11Dec11(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.PRUlink Funds 31

Comparative Performance Table For The Financial Year Ended 31 DecemberPRUlink dana urus IICategory2011%2010%2009%2008%2007%Investment in -PRUlink dana unggulPRUlink dana amanCash and DepositsOther AssetsTotal LiabilitiesTotal73.2126.79---100.0082.2517.75---100.0081.1218.88---100.0076.3523.65---100.0083.1816.82---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 Distribution34,271,84320,542,8731.6681.6681.4907.31%-23,580,78215,168,4771.5551.5631.31915.79%-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%-Average Annual Return - Fund (+)PeriodOne yearThree yearsFive years7.31%17.67%8.07%Average Annual Return-Benchmark: 80% FTSE-Bursa Malaysia Emas ShariahIndex (FBMSHA) + 20% Maybank 12 Month Tier 1 Fixed Deposit RatePeriodOne yearThree yearsFive years2.70%16.58%6.51%PRUlink Funds 32

PRUlink dana urus II Performance(Since Inception)PRUlink dana urus II Vs. 80% FBMSHA + 20% Maybank 12 Month T1 Fixed Deposit Rate80.00%80.00%60.00%60.00%SI % Change40.00%20.00%40.00%20.00%0.00%PDUrus280% FBMSHA & 20%MBB 12M T1 FD rate0.00%(20.00%)(20.00%)Aug06Dec06Apr07Aug07Dec07Apr08Aug08Dec08Apr09Aug09Dec09Apr10Aug10Dec10Apr11Aug11Dec11Date+ 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.PRUlink Funds 33

Comparative Performance Table For The Financial Year Ended 31 DecemberPRUlink asia managed fundCategory2011%2010%2009%2008%2007%Investment in -Asian Equity FundAsian Bond FundCash at BankOther AssetsTotal LiabilitiesTotal63.8036.511.00-(1.31)100.0075.4328.160.23-(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)100.00Total 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 Distribution193,768,310170,529,0961.1361.3071.064(11.74%)-241,982,226187,961,2551.2871.3111.0984.56%-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%-Average Annual Return - Fund (+)PeriodOne yearThree yearsFive years(11.74%)13.47%0.14%Average Annual Return-Benchmark: 70% MSCI Asia Ex-Japan Index+ 30% JP Morgan Asia Credit IndexPeriodOne yearThree yearsFive years(8.36%)15.04%2.43%PRUlink Funds 34

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%60.00%40.00%40.00%SI % Change20.00%20.00%0.00%0.00%AMF(20.00%)70% MSCI & 30% JPMorgan(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 May 11 Nov 11(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.PRUlink Funds 35

Comparative Performance Table For The Financial Year Ended 31 DecemberASIAN EQUITY FUNDCurrency Breakdown2011%2010%2009%2008%2007%Australian DollarThai BahtHong Kong DollarIndian RupeeIndonesian RupiahMalaysian RinggitNew Taiwan DollarPhilippine PesoSingapore DollarUS DollarKorean WonCash And Cash EquivalentTotal-2.6835.5410.223.723.8813.890.485.731.5020.921.44100.00-2.9534.0912.653.243.2714.280.885.022.3320.800.49100.00-2.9935.5112.924.322.2215.011.194.793.1815.362.52100.00-3.6435.677.835.441.4914.183.094.963.0218.931.75100.003.004.2234.714.631.133.223.0218.063.470.3621.192.99100.00Category2011%2010%2009%2008%2007%EquityAuto - Auto PartsAutomobiles & ComponentsBanksBreweries & Leisure & HotelsBuilding & ConstructionBuilding MaterialsChemicals & PharmaceuticalsCoal1.771.3616.58--2.372.451.692.41--0.812.25-3.51----1.041.381.631.33--2.072.791.150.96-2.30----1.083.95---PRUlink Funds 36

Comparative Performance Table For The Financial Year Ended 31 DecemberASIAN EQUITY FUNDCategory2011%2010%2009%2008%2007%EquityCommercial ServicesComputers & SoftwareDiversified Financial ServicesDiversified OperationsElectronics & Electrical EquipmentEnergyEngineeringEquitiesExtractive IndustriesFinancialFood & Textiles & ApparelHealth CareHolding Companies-DiversifiedInsuranceIron / SteelLodgingManufacturingMaterialsMedia & PublishingMining2.344.906.66-7.09-5.53---0.680.924.882.232.302.121.00--1.340.698.17-1.999.848.765.293.935.3916.591.940.773.405.83--1.05---1.194.73-3.1113.419.222.143.364.5620.331.362.262.443.41--1.67----1.45-2.6712.983.24--4.2619.682.83--2.10--5.270.431.47--1.40-1.3018.344.36-3.858.2017.931.77--2.67--3.92---PRUlink Funds 37

Comparative Performance Table For The Financial Year Ended 31 DecemberASIAN EQUITY FUNDCategory2011%2010%2009%2008%2007%EquityOil & GasPharmaceuticalsPropertyPublic UtilitiesReal EstateREITsRetailRightsSemiconductorsTelecommunicationsTransport & TelecomunicationsTransportationsTobaccoWarrantsOthersCash And Cash EquivalentTotal4.141.25--4.810.892.58-8.497.37-0.82---98.561.44100.00--1.65-3.04-3.59-2.061.105.44--0.01-99.510.49100.00--3.50-2.62-3.65-2.042.864.23----97.482.52100.00--8.751.771.31-4.09---14.27-2.42--98.251.75100.00--8.501.461.63-1.870.04--11.41-1.73-1.6397.012.99100.00Note: Asian Equity Fund is managed by Eastspring Investments (Singapore) Ltd (formerly known as Prudential Asset Management (Singapore) Ltd).PRUlink Funds 38

Comparative Performance Table For The Financial Year Ended 31 DecemberASIAN BOND FUNDCurrency Breakdown2011%2010%2009%2008%2007%Chinese Yuan RenminbiHong Kong DollarIndonesian RupiahKorean WonMalaysian RinggitPhilippine PesoUS DollarCash And Cash EquivalentTotal0.52---0.220.5091.557.21100.000.11---0.320.8895.673.02100.00----0.39-99.61-100.00-1.190.19-0.45-98.17-100.00-2.061.042.971.690.5290.341.38100.00Category2011%2010%2009%2008%2007%Fixed Income Securities:Convertible BondCorporate BondGovernment BondTreasury BillMortgage RelatedTime DepositCash And Cash EquivalentTotal-62.8229.750.22--7.21100.00-68.2228.380.38--3.02100.00-72.4921.53-0.762.812.41100.00-71.7818.12-0.846.292.97100.001.0181.1410.68-0.844.951.39100.00Note: Asian Bond Fund is managed by Eastspring Investments (Singapore) Ltd (formerly known as Prudential Asset Management (Singapore) Ltd).PRUlink Funds 39

Comparative Performance Table For The Financial Year Ended 31 DecemberPRUlink asia property securities fundCategory2011%2010%2009%2008%Investment in -Asian Property Securities FundCash at BankOther AssetsTotal LiabilitiesTotal101.020.05-(1.07)100.00102.150.010.23(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 Distribution17,797,68622,700,7870.7840.8440.745(4.50%)-21,375,31526,038,1450.8210.8170.66712.05%-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 years(4.50%)12.89%n/aAverage Annual Return-Benchmark: MSCI AC Asia Pacific REITPeriodOne yearThree yearsFive years(2.40%)10.23%n/aPRUlink Funds 40

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 Jul 08 Dec 08 May 09 Oct 09 Mar 10 Aug 10 Jan 11 Jun 11 Nov 11(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.PRUlink Funds 41

Comparative Performance Table For The Financial Year Ended 31 DecemberASIAN PROPERTY SECURITIES FUNDCurrency Breakdown2011%2010%2009%2008%Australian DollarThai BahtHong Kong DollarMalaysian RinggitSingapore DollarJapanese YenIndonesian RupiahPhilippine PesoCash And Cash EquivalentTotal40.521.9419.302.4512.8017.271.571.402.75100.0042.191.479.384.6519.3320.131.33-1.52100.0041.211.1914.495.6618.6415.30--3.51100.0031.962.659.1310.7114.7126.84--4.00100.00PRUlink Funds 42

Comparative Performance Table For The Financial Year Ended 31 DecemberASIAN PROPERTY SECURITIES FUNDCategory2011%2010%2009%2008%Equity:Breweries & Leisure & HotelsDiversified OperationsEquitiesFinancialHolding Companies-DiversifiedInvestment TrustsPropertyReal EstateREITsRetailClosed-End FundMutual FundCash And Cash EquivalentTotal----1.89--18.2975.13-1.94-2.75100.00--9.221.12--83.244.61-0.29--1.52100.00-1.441.180.98--91.751.14----3.51100.001.28--2.74-9.5459.542.91-17.35-2.654.00100.00Note: Asian Property Securities Fund is managed by Eastspring Investments (Singapore) Ltd (formerly known as Prudential Asset Management (Singapore) Ltd).PRUlink Funds 43

Comparative Performance Table For The Financial Year Ended 31 DecemberPRUlink asia local bond fundCategory2011%2010%2009%2008%Investment in -Asian Local Bond FundCash at BankOther AssetsTotal LiabilitiesTotal101.720.11-(1.83)100.00102.180.11-(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 Distribution6,825,3785,089,1251.3411.3531.2356.62%-3,520,3492,798,6661.2581.2931.2113.49%-1,316,5211,083,1841.2151.2211.00217.72%-878,436850,8151.0321.0320.9573.25%-Average Annual Return - Fund (+)PeriodOne yearThree yearsFive years6.62%9.11%n/aAverage Annual Return-Benchmark: HSBC Customised Index CompositePeriodOne yearThree yearsFive years7.75%5.24%n/aPRUlink Funds 44

PRUlink asia local bond fund Performance(Since Inception)PRUlink asia local bond fund Vs. HSBC Customised Index Composite36.00%36.00%32.00%28.00%ALBFHSBC CI32.00%28.00%24.00%24.00%SI % Change20.00%16.00%12.00%20.00%16.00%12.00%8.00%8.00%4.00%4.00%0.00%0.00%(4.00%)Sep08Dec08Mar09Jun09Sep09Dec09Mar10Jun10Sep10Dec10Mar11Jun11Sep11Dec11(4.00%)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.PRUlink Funds 45

Comparative Performance Table For The Financial Year Ended 31 DecemberASIAN LOCAL BOND FUNDCurrency Breakdown2011%2010%2009%2008%Malaysian RinggitSingapore DollarUS DollarHong Kong DollarPhilippine PesoTaiwan DollarThai BahtIndonesian RupiahKorean WonChinese Yuan RenminbiIndian RupeeCash And Cash EquivalentTotal9.3117.247.7710.666.22-7.4312.7618.960.455.184.02100.009.7416.757.8210.504.558.917.0912.0918.690.03-3.83100.009.1215.376.9211.595.409.615.6512.1920.09--4.06100.007.8518.187.0011.815.637.364.1710.4424.08--3.47100.00Category2011%2010%2009%2008%Fixed Income Securities:Corporate BondGovernment BondConvertible BondTime DepositMortgage RelatedCash And Cash EquivalentTotal28.5466.260.90-0.284.02100.0026.0669.86--0.253.83100.0025.3070.63---4.06100.0024.8069.16-2.57-3.47100.00Note: Asian Local Bond Fund is managed by Eastspring Investments (Singapore) Ltd (formerly known as Prudential Asset Management (Singapore) Ltd).PRUlink Funds 46

Comparative Performance Table For The Financial Year Ended 31 DecemberPRUlink global market navigator fundCategory2011%2010%2009%2008%Investment in -Global Market Navigator FundCash at BankOther AssetsTotal LiabilitiesTotal101.690.06-(1.75)100.00104.660.03-(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 Distribution24,262,75122,010,8631.1021.2001.023(5.06%)-33,294,89528,676,5581.1611.1871.050(2.14%)-44,898,46937,842,2381.1861.2001.06212.44%-4,597,0864,356,5251.0551.1310.9625.52%-Average Annual Return - Fund (+)PeriodOne yearThree yearsFive years(5.06%)1.47%n/aAverage Annual Return-Benchmark: Maybank 12 Month Tier 1 Fixed Deposit RatePeriodOne yearThree yearsFive years3.04%2.77%n/aPRUlink Funds 47

PRUlink global market navigator fund Performance(Since Inception)PRUlink global market navigator fund Vs. Maybank 12 Month Tier 1 Fixed Deposit Rate20.00%20.00%18.00%16.00%GMNFMBB 12MT1 FD rate18.00%16.00%14.00%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%Sep08Dec08Mar09Jun09Sep09Dec09Mar10Jun10Sep10Dec10Mar11Jun11Sep11Dec110.00%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.PRUlink Funds 48

Comparative Performance Table For The Financial Year Ended 31 DecemberGLOBAL MARKET NAVIGATOR FUNDCurrency Breakdown2011%2010%2009%2008%Australian DollarBrazil RealBritish PoundEuroIndonesian RupiahJapanese YenKorean WonMalaysian RinggitMexican PesoPhilippine PesoSingapore DollarTurkish LiraUS DollarCash And Cash EquivalentTotal--16.274.72-5.263.013.032.89---40.2524.57100.00(0.02)-10.35(0.40)-0.07--5.386.20--25.9352.49100.00-4.575.183.194.90-7.72-5.675.93-3.2037.5722.06100.00--13.00-------5.053.3776.562.02100.00PRUlink Funds 49

Comparative Performance Table For The Financial Year Ended 31 DecemberGLOBAL MARKET NAVIGATOR FUNDCategory2011%2010%2009%2008%EquitiesExchange Traded FundFuturesGovernment BondGovernment GiltsInvestment TrustsMutual FundTime DepositTreasury BillsTreasury BondCash And Cash EquivalentTotal--0.0821.91--46.03--7.4124.57100.002.00-(0.10)11.584.11-29.92---52.49100.0018.75-7.7536.45-5.189.81---22.06100.00-6.4416.41---26.3133.2715.55-2.02100.00Note: Global Market Navigator Fund is managed by Eastspring Investments (Singapore) Ltd (formerly known as Prudential Asset Management (Singapore) Ltd).PRUlink Funds 50

Comparative Performance Table For The Financial Year Ended 31 DecemberPRUlink dragon peacock fundCategory2011%2010%Investment in -Dragon Peacock FundCash and DepositsOther AssetsTotal LiabilitiesTotal99.151.180.82(1.15)100.00100.002.290.29(2.58)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 Distribution23,965,65129,206,0150.8211.1360.799(25.11%)-24,799,11622,632,3371.0961.1920.9409.57%-Average Annual Return - Fund (+)PeriodOne yearThree yearsFive years(25.11%)n/an/aAverage Annual Return-Benchmark: 50% MSCI China & 50% MSCI India Index 1PeriodOne yearThree yearsFive years(25.75%)n/an/aPRUlink Funds 51

PRUlink dragon peacock fund Performance(Since Inception)PRUlink dragon peacock fund Vs. 50% MSCI China & 50% MSCI India Index 1SI % Change16.00%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%)(14.00%)(16.00%)PDPF(18.00%)(20.00%)50% MSCI China & 50% MSCI India Index 1(22.00%)(24.00%)(26.00%)Jan 10 Mar 10 May 10 Jul 10 Sep 10 Nov 10 Jan 11 Mar 11 May 11 Jul 11 Sep 11 Nov 1116.00%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%)(14.00%)(16.00%)(18.00%)(20.00%)(22.00%)(24.00%)(26.00%)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.PRUlink Funds 52

Comparative Performance Table For The Financial Year Ended 31 DecemberDRAGON PEACOCK FUNDCurrency Breakdown2011%2010%Hong Kong DollarIndian RupeeUS DollarCash And Cash EquivalentTotal48.6947.243.480.59100.0043.7047.175.193.94100.00Category2011%2010%AdvertisingAerospace & Air TransportAgricultural OperationsAuto - Auto PartsAuto ManufacturersBanksBuilding & ConstructionBuilding MaterialsChemicals & PharmaceuticalsCoalCommercial ServicesComputers & SoftwareCosmetics/Personal CareDiversified Financial ServicesElectricElectronics & Electrical Equipment1.87-1.88-4.0420.16-2.515.612.760.758.802.544.911.68--2.141.235.11--1.68-4.89--11.08---2.27PRUlink Funds 53

Comparative Performance Table For The Financial Year Ended 31 DecemberDRAGON PEACOCK FUNDCategory2011%2010%EnergyEquitiesExtractive IndustriesFinancialGasHolding Companies-DiversifiedInsuranceInternetIron/SteelManufacturingMiscellaneous ManufactureMediaMiningOil & GasPropertyReal EstateRetailTelecommunicationsTransportationTransport & TelecomunicationsCash And Cash EquivalentTotal----1.590.244.001.611.19-0.901.262.3513.90-3.180.7710.410.50-0.59100.0014.155.835.2822.04--2.45--4.28---1.171.722.83-4.14-3.773.94100.00Note: Dragon Peacock Fund is managed by Eastspring Investments (Singapore) Ltd (formerly known as Prudential Asset Management (Singapore) Ltd) and sub-managed by EastspringInvestments (HK) Ltd (formerly known as Prudential Asset Management (HK) Ltd).PRUlink Funds 54

Comparative Performance Table For The Financial Year Ended 31 DecemberPRUlink education equity fundCategory2011%2010%Investment in -PRUlink equity fundCash and DepositsOther AssetsTotal LiabilitiesTotal100.00---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 Distribution468,705384,2381.2201.2431.0673.98%-148,669126,7321.1731.1750.96117.31%-Average Annual Return - Fund (+)PeriodOne yearThree yearsFive years3.98%n/an/aAverage Annual Return-Benchmark: FTSE Bursa Malaysia Top 100 Index (FBM 100)PeriodOne yearThree yearsFive years1.94%n/an/aPRUlink Funds 55

PRUlink education equity fund Performance(Since Inception)PRUlink education equity fund Vs. FTSE Bursa Malaysia Top 100 Index (FBM100)SI % Change30.00%28.00%26.00%24.00%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%)30.00%28.00%EDUE26.00%24.00%Index-FBM10022.00%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%)Feb 10 Apr 10 Jun 10 Aug 10 Oct 10 Dec 10 Feb 11 Apr 11 Jun 11 Aug 11 Oct 11 Dec 11Date+ 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.PRUlink Funds 56

Comparative Performance Table For The Financial Year Ended 31 DecemberPRUlink education bond fundCategory2011%2010%Investment in -PRUlink bond fundCash and DepositsOther AssetsTotal LiabilitiesTotal100.00---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 Distribution764,551698,7481.0941.0941.0434.92%-241,361231,4441.0431.0431.0004.29%-Average Annual Return - Fund (+)PeriodOne yearThree yearsFive years4.92%n/an/aAverage Annual Return-Benchmark: Maybank 12 Month Tier 1 Fixed Deposit RatePeriodOne yearThree yearsFive years3.04%n/an/aPRUlink Funds 57

PRUlink education bond fund Performance(Since Inception)PRUlink education bond fund Vs. Maybank 12 Month Tier 1 Fixed Deposit Rate10.00%10.00%EDUBMBB 12M T1 FD Rate7.50%7.50%SI % Change5.00%5.00%2.50%2.50%0.00%Feb 10 Apr 10 Jun 10 Aug 10 Oct 10 Dec 10 Feb 11 Apr 11 Jun 11 Aug 11 Oct 11 Dec 110.00%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.PRUlink Funds 58

Comparative Performance Table For The Financial Year Ended 31 DecemberPRUlink asia equity fundCategory2011%2010%Investment in -Asian Equity FundCash and DepositsOther AssetsTotal LiabilitiesTotal98.903.441.07(3.41)100.0097.584.542.37(4.49)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 Distribution11,775,82513,741,2390.8571.0780.789(19.31%)-7,215,0486,793,4981.0621.0750.9996.21%-Average Annual Return - Fund (+)PeriodOne yearThree yearsFive years(19.31%)n/an/aAverage Annual Return-Benchmark: MSCI Asia Ex-Japan IndexPeriodOne yearThree yearsFive years(14.73%)n/an/aPRUlink Funds 59

PRUlink asia equity fund Performance(Since Inception)PRUlink asia equity fund Vs. MSCI Asia Ex-Japan IndexSI % Change20.00%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%)(14.00%)(16.00%)(18.00%)PAEFMSCI Asia Ex-Japan IndexAug 10 Oct 10 Dec 10 Feb 11 Apr 11 Jun 11 Aug 11 Oct 11 Dec 1120.00%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%)(14.00%)(16.00%)(18.00%)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.PRUlink Funds 60

Comparative Performance Table For The Financial Year Ended 31 DecemberASIAN EQUITY FUNDCurrency Breakdown2011%2010%Thai BahtHong Kong DollarIndian RupeeIndonesian RupiahMalaysian RinggitNew Taiwan DollarPhilippine PesoSingapore DollarUS DollarKorean WonCash And Cash EquivalentTotal2.6835.5410.223.723.8813.890.485.731.5020.921.44100.002.9534.0912.653.243.2714.280.885.022.3320.800.49100.00Category2011%2010%EquityAuto - Auto PartsAutomobiles & ComponentsBanksBreweries & Leisure & HotelsBuilding & ConstructionBuilding MaterialsChemicals & PharmaceuticalsCoalCommercial ServicesComputers & Software1.771.3616.58--2.372.451.692.344.902.41--0.812.25-3.51-0.698.17PRUlink Funds 61

Comparative Performance Table For The Financial Year Ended 31 DecemberASIAN EQUITY FUNDCategory2011%2010%EquityDiversified Financial ServicesDiversified OperationsElectronics & Electrical EquipmentEnergyEngineeringEquitiesExtractive IndustriesFinancialFood & Textiles & ApparelHealth CareHolding Companies-DiversifiedInsuranceIron / SteelLodgingManufacturingMiningOil & GasPharmaceuticalsPropertyReal EstateREITsRetailSemiconductorsTelecommunicationsTransport & TelecomunicationsTransportationsWarrantsCash And Cash EquivalentTotalNote: Asian Equity Fund is managed by Eastspring Investments (Singapore) Ltd (formerly known as Prudential Asset Management (Singapore) Ltd).6.66-7.09-5.53---0.680.924.882.232.302.121.001.344.141.25-4.810.892.588.497.37-0.82-98.561.44100.00-1.999.848.765.293.935.3916.591.940.773.405.83--1.05---1.653.04-3.592.061.105.44-0.0199.510.49100.00PRUlink Funds 62

Comparative Performance Table For The Financial Year Ended 31 DecemberPRUlink MyOptimizer fundCategory2011%2010%Investment in -Structured ProductCash at BankOther AssetsTotal LiabilitiesTotal99.950.040.05(0.04)100.00100.00-100.00(100.00)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 Distribution47,752,09050,055,0000.9540.9800.946(0.63%)-48,052,80050,055,0000.9600.9600.960--Average Annual Return - Fund (+)PeriodOne yearThree yearsFive years(0.63%)n/an/an/an/an/aPRUlink Funds 63

PRUlink MyOptimizer fund Performance(Since Inception)PRUlink MyOptimizer fund3.00%3.00%2.50%2.50%2.00%2.00%1.50%1.50%SI % Change1.00%0.50%1.00%0.50%0.00%0.00%(0.50%)(0.50%)(1.00%)(1.00%)(1.50%)(1.50%)Dec10Jan11Feb11Mar11Apr11May11Jun11Jul11Aug11Sep11Oct11Nov11Dec11Date+ 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.PRUlink Funds 64

Comparative Performance Table For 9 Months Period Ended 31 DecemberPRUlink commodity allocator fundCategory2011%Investment in -Structured ProductTotal 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 Distribution100.13(0.13)100.0054,379,57255,664,0000.9770.9770.9531.50%-Average Annual Return - Fund (+)PeriodSince InceptionThree yearsFive years1.50%n/an/aPRUlink Funds 65

PRUlink commodity allocator fund Performance(Since Inception)PRUlink commodity allocator fund2.00%2.00%1.50%1.50%1.00%1.00%SI % Change0.50%0.00%0.50%0.00%(0.50%)(0.50%)(1.00%)(1.00%)(1.50%)(1.50%)Apr11May11Jun11Jul11Aug11Sep11Oct11Nov11Dec11Date+ 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.PRUlink Funds 66

Comparative Performance Table For 6 Months Period Ended 31 DecemberPRUlink commodity allocator II fundCategory2011%Investment in -Structured ProductTotal 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 Distribution100.16(0.16)100.008,554,6458,705,0000.9830.9830.9641.84%-Average Annual Return - Fund (+)PeriodSince InceptionThree yearsFive years1.84%n/an/aPRUlink Funds 67

PRUlink commodity allocator II fund Performance(Since Inception)PRUlink commodity allocator II fund2.00%2.00%1.50%1.50%SI % Change1.00%1.00%0.50%0.50%0.00%0.00%Jul11Aug11Sep11Oct11Nov11Dec11Date+ 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.PRUlink Funds 68

Comparative Performance Table For 5 Months Period Ended 31 DecemberPRUlink dyna growth I fundCategory2011%Investment in -Structured ProductOther 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 Distribution99.810.19-100.002,382,7872,550,2900.9341.0000.929(6.57%)-Average Annual Return - Fund (+)PeriodSince InceptionThree yearsFive years(6.57%)n/an/aPRUlink Funds 69

PRUlink dyna growth I fund Performance(Since Inception)PRUlink dyna growth I fund0.00%0.00%(2.00%)(2.00%)SI % Change(4.00%)(4.00%)(6.00%)(6.00%)(8.00%)(8.00%)Aug11Sep11Oct11Nov11Dec11Date+ 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.PRUlink Funds 70

Comparative Performance Table For 5 Months Period Ended 31 DecemberPRUlink dyna growth II fundCategory2011%Investment in -Structured ProductOther 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 Distribution99.690.31-100.002,424,5892,702,9080.8971.0000.888(10.30%)-Average Annual Return - Fund (+)PeriodSince InceptionThree yearsFive years(10.30%)n/an/aPRUlink Funds 71

PRUlink dyna growth II fund Performance(Since Inception)PRUlink dyna growth II fund0.00%0.00%(2.00%)(2.00%)(4.00%)(4.00%)SI % Change(6.00%)(6.00%)(8.00%)(8.00%)(10.00%)(10.00%)(12.00%)(12.00%)Aug11Sep11Oct11Nov11Dec11Date+ 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.PRUlink Funds 72

Comparative Performance Table For 5 Months Period Ended 31 DecemberPRUlink dyna growth III fundCategory2011%Investment in -Structured ProductOther 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 Distribution99.230.77-100.00128,050146,1460.8761.0000.865(12.38%)-Average Annual Return - Fund (+)PeriodSince InceptionThree yearsFive years(12.38%)n/an/aPRUlink Funds 73

PRUlink dyna growth III fund Performance(Since Inception)PRUlink dyna growth III fund2.00%2.00%0.00%0.00%(2.00%)(2.00%)(4.00%)(4.00%)SI % Change(6.00%)(8.00%)(6.00%)(8.00%)(10.00%)(10.00%)(12.00%)(12.00%)(14.00%)(14.00%)Aug11Sep11Oct11Nov11Dec11Date+ 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.PRUlink Funds 74

Comparative Performance Table For 5 Months Period Ended 31 DecemberPRUlink dyna growth IV fundCategory2011%Investment in -Structured ProductOther 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 Distribution99.160.84-100.00107,802123,0120.8761.0000.864(12.36%)-Average Annual Return - Fund (+)PeriodSince InceptionThree yearsFive years(12.36%)n/an/aPRUlink Funds 75

PRUlink dyna growth IV fund Performance(Since Inception)PRUlink dyna growth IV fund2.00%2.00%0.00%0.00%(2.00%)(2.00%)(4.00%)(4.00%)SI % Change(6.00%)(8.00%)(6.00%)(8.00%)(10.00%)(10.00%)(12.00%)(12.00%)(14.00%)(14.00%)Aug11Sep11Oct11Nov11Dec11Date+ 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.PRUlink Funds 76

Comparative Performance Table For 3 months period ended 31 DecemberPRUlink money market fundCategory2011%Investment in -Cash 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 Distribution99.400.64(0.04)100.001,156,0881,150,7641.0051.0051.0000.46%-Average Annual Return - Fund (+)PeriodSince Inception on 24 October 2011Three yearsFive years0.46%n/an/aAverage Annual Return-Benchmark: Maybank 12 Month Tier 1 Fixed Deposit RatePeriodSince InceptionThree yearsFive years0.52%n/an/aPRUlink Funds 77

PRUlink money market fund Performance(Since Inception)PRUlink money market fund vs Maybank 12 Month Tier 1 Fixed Deposit Rate0.60%0.60%0.50%PMMFMBB 12M T1 FD rate0.50%0.40%0.40%SI % Change0.30%0.30%0.20%0.20%0.10%0.10%0.00%Oct11Nov11Dec110.00%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.PRUlink Funds 78

Statement Of Assets And LiabilitiesStatement Of Assets And Liabilities As At 31 December 2011PRUlink equity fundRM2011 2010%RM%InvestmentEquities4,625,473,27286.764,639,524,10995.11Cash and DepositsCash at BankDeposits8,959753,420,0000.0014.139,503276,190,0000.005.66Tax Assets--1,309,7630.03Other Assets11,385,1010.2214,267,1430.29Total Assets5,390,287,332101.114,931,300,518101.09Provision for Taxation(6,208,411)(0.12)--Provision for Deferred Tax(47,787,139)(0.90)(53,087,155)(1.09)Other Liabilities(4,989,672)(0.09)--Total Liabilities(58,985,222)(1.11)(53,087,155)(1.09)Net Asset Value of the Fund5,331,302,110100.004,878,213,363100.00Policyholders’ FundCapitalGenerated Income carried forward3,214,366,4232,116,935,68760.2939.712,961,986,2731,916,227,09060.7239.285,331,302,110100.004,878,213,363100.00Net Asset Value Per Unit (RM)3.3193.189PRUlink Funds 79

Statement Of Assets And Liabilities As At 31 December 2011PRUlink bond fundRM2011 2010%RM%InvestmentsFixed Income Securities1,278,737,34784.90948,627,83191.59Cash and DepositsCash at BankDeposits6,012221,370,0000.0014.707,70385,200,0000.008.23Other Assets13,113,1070.878,254,9060.79Total Assets1,513,226,466100.471,042,090,440100.61Provision for Taxation(5,151,009)(0.34)(3,512,956)(0.34)Provision for Deferred Tax(1,881,734)(0.13)(1,117,494)(0.11)Other Liabilities--(1,673,746)(0.16)Total Liabilities(7,032,743)(0.47)(6,304,196)(0.61)Net Asset Value of the Fund1,506,193,723100.001,035,786,244100.00Policyholders’ FundCapitalGenerated Income carried forward1,274,134,593232,059,13084.5915.41868,158,626167,627,61883.8216.181,506,193,723100.001,035,786,244100.00Net Asset Value Per Unit (RM)2.5682.437PRUlink Funds 80

Statement Of Assets And Liabilities As At 31 December 2011PRUlink managed fundRM2011 2010%RM%Investments inPRUlink equity fundPRUlink bond fund921,444,862542,247,65362.9537.05990,186,752349,370,10373.9226.08Total Assets1,463,692,515100.001,339,556,855100.00Other Liabilities(986)(0.00)(10,556)(0.00)Total Liabilities(986)(0.00)(10,556)(0.00)Net Asset Value of the Fund1,463,691,529100.001,339,546,299100.00Policyholders’ FundCapitalGenerated Income carried forward938,666,997525,024,53264.1335.87862,176,041477,370,25864.3635.641,463,691,529100.001,339,546,299100.00Net Asset Value Per Unit (RM)2.7652.674PRUlink Funds 81

Statement Of Assets And Liabilities As At 31 December 2011PRUlink managed fund IIRM2011 2010%RM%Investments inPRUlink equity fundPRUlink bond fund297,128,060109,150,52973.1326.87252,164,61751,986,50182.9117.09Total Assets406,278,589100.00304,151,118100.00Other Liabilities(8,581)(0.00)(8,697)(0.00)Total Liabilities(8,581)(0.00)(8,697)(0.00)Net Asset Value of the Fund406,270,008100.00304,142,421100.00Policyholders’ FundCapitalGenerated Income carried forward325,845,10280,424,90680.2019.80238,414,61165,727,81078.3921.61406,270,008100.00304,142,421100.00Net Asset Value Per Unit (RM)1.7051.639PRUlink Funds 82

Statement Of Assets And Liabilities As At 31 December 2011PRUlink golden equity fundRM2011 2010%RM%Investment inPRUlink equity fund139,784,441100.00109,835,22499.99Cash at Bank5,5830.005,5830.01Total Assets139,790,024100.00109,840,807100.00Total Liabilities----Net Asset Value of the Fund139,790,024100.00109,840,807100.00Policyholders’ FundCapitalGenerated Income carried forward111,918,46327,871,56180.0619.9487,123,50422,717,30379.3220.68139,790,024100.00109,840,807100.00Net Asset Value Per Unit (RM)1.3021.252PRUlink Funds 83

Statement Of Assets And Liabilities As At 31 December 2011PRUlink golden bond fundRM2011 2010%RM%Investment inPRUlink bond fund338,736,009100.00249,643,953100.00Cash at Bank1,7400.001,7400.00Total Assets338,737,749100.00249,645,693100.00Other Liabilities(9,270)(0.00)(3,416)(0.00)Total Liabilities(9,270)(0.00)(3,416)(0.00)Net Asset Value of the Fund338,728,479100.00249,642,277100.00Policyholders’ FundCapitalGenerated Income carried forward303,524,67135,203,80889.6110.39228,792,29420,849,98391.658.35338,728,479100.00249,642,277100.00Net Asset Value Per Unit (RM)1.1911.135PRUlink Funds 84

Statement Of Assets And Liabilities As At 31 December 2011PRUlink dana unggulRM2011 2010%RM%InvestmentEquities424,415,78489.11386,325,41295.48Cash and DepositsCash at BankDeposits10,68059,310,0000.0012.458,61922,750,0000.005.62Other Assets475,0900.102,178,5350.54Total Assets484,211,554101.66411,262,566101.64Provision for Taxation(1,079,410)(0.22)(1,053,747)(0.26)Provision for Deferred Tax(3,555,525)(0.74)(3,252,081)(0.80)Other Liabilities(3,318,701)(0.70)(2,334,000)(0.58)Total Liabilities(7,953,636)(1.66)(6,639,828)(1.64)Net Asset Value of the Fund476,257,918100.00404,622,738100.00Policyholders’ FundCapitalGenerated Income carried forward319,959,198156,298,72067.1832.82282,036,688122,586,05069.7030.30476,257,918100.00404,622,738100.00Net Asset Value Per Unit (RM)2.5572.367PRUlink Funds 85

Statement Of Assets And Liabilities As At 31 December 2011PRUlink dana amanRM2011 2010%RM%InvestmentFixed Income Securities67,752,22983.5550,955,61489.45Cash and DepositsCash at BankDeposits12,40213,430,0000.0216.566,2955,940,0000.0110.43Other Assets573,2690.70386,2750.68Total Assets81,767,900100.8357,288,184100.57Provision for Taxation(273,939)(0.34)(177,847)(0.31)Provision for Deferred Tax(124,068)(0.15)(79,341)(0.14)Other Liabilities(275,692)(0.34)(65,385)(0.12)Total Liabilities(673,699)(0.83)(322,573)(0.57)Net Asset Value of the Fund81,094,201100.0056,965,611100.00Policyholders’ FundCapitalGenerated Income carried forward68,376,47612,717,72584.3215.6847,485,6959,479,91683.3616.6481,094,201100.0056,965,611100.00Net Asset Value Per Unit (RM)1.9281.835PRUlink Funds 86

Statement Of Assets And Liabilities As At 31 December 2011PRUlink dana urusRM2011 2010%RM%Investments inPRUlink dana unggulPRUlink dana aman76,079,77144,159,90363.2736.7378,711,97029,274,74572.8927.11Total Assets120,239,674100.00107,986,715100.00Other Liabilities--(802)(0.00)Total Liabilities--(802)(0.00)Net Asset Value of the Fund120,239,674100.00107,985,913100.00Policyholders’ FundCapitalGenerated Income carried forward83,466,27936,773,39569.4230.5877,948,61430,037,29972.1827.82120,239,674100.00107,985,913100.00Net Asset Value Per Unit (RM)2.3312.197PRUlink Funds 87

Statement Of Assets And Liabilities As At 31 December 2011PRUlink dana urus IIRM2011 2010%RM%Investments inPRUlink dana unggulPRUlink dana aman25,089,1299,182,91673.2126.7919,394,0574,186,93382.2517.75Total Assets34,272,045100.0023,580,990100.00Other Liabilities(202)(0.00)(208)(0.00)Total Liabilities(202)(0.00)(208)(0.00)Net Asset Value of the Fund34,271,843100.0023,580,782100.00Policyholders’ FundCapitalGenerated Income carried forward28,235,2246,036,61982.3917.6119,605,0523,975,73083.1416.8634,271,843100.0023,580,782100.00Net Asset Value Per Unit (RM)1.6681.555PRUlink Funds 88

Statement Of Assets And Liabilities As At 31 December 2011PRUlink asia managed fundRM2011 2010%RM%Investments inAsian Equity FundAsian Bond Fund123,624,00070,735,36563.8036.51182,528,83168,147,63675.4328.16Cash at Bank1,929,9881.00554,7410.23Total Assets196,289,353101.31251,231,208103.82Provision for Taxation(755,716)(0.39)(964,261)(0.40)Provision for Deferred Tax(340,867)(0.18)(1,721,327)(0.71)Other Liabilities(1,424,460)(0.74)(6,563,394)(2.71)Total Liabilities(2,521,043)(1.31)(9,248,982)(3.82)Net Asset Value of the Fund193,768,310100.00241,982,226100.00Policyholders’ FundCapitalGenerated Income carried forward189,118,9404,649,37097.602.40210,678,72731,303,49987.0612.94193,768,310100.00241,982,226100.00Net Asset Value Per Unit (RM)1.1361.287PRUlink Funds 89

Statement Of Assets And Liabilities As At 31 December 2011PRUlink asia property securities fundRM2011 2010%RM%Investment inAsian Property Securities Fund17,979,649101.0221,834,921102.15Cash at Bank8,9620.052,0050.01Tax Asset--1,5590.01Deferred Tax Asset--47,9930.22Total Assets17,988,611101.0721,886,478102.39Provision for Taxation(15,632)(0.09)--Provision for Deferred Tax(11,540)(0.06)--Other Liabilities(163,753)(0.92)(511,163)(2.39)Total Liabilities(190,925)(1.07)(511,163)(2.39)Net Asset Value of the Fund17,797,686100.0021,375,315100.00Policyholders’ FundCapitalGenerated Income carried forward18,425,920(628,234)103.53(3.53)21,084,301291,01498.641.3617,797,686100.0021,375,315100.00Net Asset Value Per Unit (RM)0.7840.821PRUlink Funds 90

Statement Of Assets And Liabilities As At 31 December 2011PRUlink asia local bond fundRM2011 2010%RM%Investment inAsian Local Bond Fund6,942,437101.723,596,956102.18Cash at Bank7,6850.114,0560.11Total Assets6,950,122101.833,601,012102.29Provision for Taxation(2,097)(0.03)(17,266)(0.49)Provision for Deferred Tax(21,543)(0.32)(8,491)(0.24)Other Liabilities(101,104)(1.48)(54,906)(1.56)Total Liabilities(124,744)(1.83)(80,663)(2.29)Net Asset Value of the Fund6,825,378100.003,520,349100.00Policyholders’ FundCapitalGenerated Income carried forward6,251,657573,72191.598.413,238,954281,39592.017.996,825,378100.003,520,349100.00Net Asset Value Per Unit (RM)1.3411.258PRUlink Funds 91

Statement Of Assets And Liabilities As At 31 December 2011PRUlink global market navigator fundRM2011 2010%RM%Investment inGlobal Market Navigator Fund24,672,114101.6934,847,232104.66Cash at Bank15,1850.069,1130.03Total Assets24,687,299101.7534,856,345104.69Provision for Taxation(20,024)(0.08)(70,336)(0.21)Provision for Deferred Tax(5,878)(0.02)(59,120)(0.18)Other Liabilities(398,646)(1.65)(1,431,994)(4.30)Total Liabilities(424,548)(1.75)(1,561,450)(4.69)Net Asset Value of the Fund24,262,751100.0033,294,895100.00Policyholders’ FundCapitalGenerated Income carried forward25,060,173(797,422)103.29(3.29)32,755,223539,67298.381.6224,262,751100.0033,294,895100.00Net Asset Value Per Unit (RM)1.1021.161PRUlink Funds 92

Statement Of Assets And Liabilities As At 31 December 2011PRUlink dragon peacock fundRM2011 2010%RM%Investment inDragon Peacock Fund23,762,50499.1524,799,750100.00Cash and DepositsCash at BankDeposits86,607195,0000.360.816,821560,0000.032.26Deferred Tax Assets196,0330.82--Other Assets1,2100.0172,1520.29Total Assets24,241,354101.1525,438,723102.58Provision for Taxation--(294)(0.00)Provision for Deferred Tax--(82,540)(0.33)Other Liabilities(275,703)(1.15)(556,773)(2.25)Total Liabilities(275,703)(1.15)(639,607)(2.58)Net Asset Value of the Fund23,965,651100.0024,799,116100.00Policyholders’ FundCapitalGenerated Income carried forward29,364,359(5,398,708)122.53(22.53)23,061,5021,737,61492.997.0123,965,651100.0024,799,116100.00Net Asset Value Per Unit (RM)0.8211.096PRUlink Funds 93

Statement Of Assets And Liabilities As At 31 December 2011PRUlink education equity fundRM2011 2010%RM%Investment inPRUlink equity fund468,705100.00148,669100.00Total Assets468,705100.00148,669100.00Total Liabilities----Net Asset Value of the Fund468,705100.00148,669100.00Policyholders’ FundCapitalGenerated Income carried forward443,80724,89894.695.31139,2479,42293.666.34468,705100.00148,669100.00Net Asset Value Per Unit (RM)1.2201.173PRUlink Funds 94

Statement Of Assets And Liabilities As At 31 December 2011PRUlink education bond fundRM2011 2010%RM%Investment inPRUlink bond fund764,572100.00241,361100.00Total Assets764,572100.00241,361100.00Other Liabilities(21)(0.00)--Total Liabilities(21)(0.00)--Net Asset Value of the Fund764,551100.00241,361100.00Policyholders’ FundCapitalGenerated Income carried forward738,02926,52296.533.47238,6002,76198.861.14764,551100.00241,361100.00Net Asset Value Per Unit (RM)1.0941.043PRUlink Funds 95

Statement Of Assets And Liabilities As At 31 December 2011PRUlink asia equity fundRM2011 2010%RM%Investment inAsian Equity Fund11,646,85898.907,040,43497.58Cash and DepositsCash at BankDeposits10,589395,0000.093.357,325320,0000.104.44Deferred Tax Asset79,8670.68--Other Assets45,9740.39171,0302.37Total Assets12,178,288103.417,538,789104.49Provision for Taxation--(56)(0.00)Provision for Deferred Tax--(5,119)(0.07)Other Liabilities(402,463)(3.41)(318,566)(4.42)Total Liabilities(402,463)(3.41)(323,741)(4.49)Net Asset Value of the Fund11,775,825100.007,215,048100.00Policyholders’ FundCapitalGenerated Income carried forward13,890,879(2,115,054)117.96(17.96)7,107,291107,75798.511.4911,775,825100.007,215,048100.00Net Asset Value Per Unit (RM)0.8571.062PRUlink Funds 96

Statement Of Assets And Liabilities As At 31 December 2011PRUlink MyOptimizer fundRM2011 2010%RM%InvestmentStructured Product47,725,94199.9548,052,800100.00Cash at Bank21,1190.04--Deferred Tax Asset26,1490.05--Other AssetsAmount due from Operating Fund--48,052,800100.00Total Assets47,773,209100.0496,105,600200.00Provision for Taxation(21,119)(0.04)--Other LiabilitiesTrade Purchase Payables--(48,052,800)(100.00)Total Liabilities(21,119)(0.04)(48,052,800)(100.00)Net Asset Value of the Fund47,752,090100.0048,052,800100.00Policyholders’ FundCapitalGenerated Income carried forward48,052,800(300,710)100.63(0.63)48,052,800-100.00-47,752,090100.0048,052,800100.00Net Asset Value Per Unit (RM)0.9540.960PRUlink Funds 97

Statement Of Assets And Liabilities As At 31 December 2011PRUlink commodity allocator fundRM2011%InvestmentStructured ProductTotal AssetsProvision for Deferred TaxOther LiabilitiesTotal LiabilitiesNet Asset Value of the Fund54,449,41254,449,412(69,825)(15)(69,840)54,379,572100.13100.13(0.13)(0.00)(0.13)100.00Policyholders’ FundCapitalGenerated Income carried forwardNet Asset Value Per Unit (RM)53,576,600802,97254,379,5720.97798.521.48100.00PRUlink Funds 98

Statement Of Assets And Liabilities As At 31 December 2011PRUlink commodity allocator ll fundRM2011%InvestmentStructured ProductTotal AssetsProvision for Deferred TaxOther LiabilitiesTotal LiabilitiesNet Asset Value of the Fund8,568,0708,568,070(13,420)(5)(13,425)8,554,645100.16100.16(0.16)(0.00)(0.16)100.00Policyholders’ FundCapitalGenerated Income carried forwardNet Asset Value Per Unit (RM)8,400,325154,3208,554,6450.98398.201.80100.00PRUlink Funds 99

Statement Of Assets And Liabilities As At 31 December 2011PRUlink dyna growth I fundRM2011%InvestmentStructured ProductTax AssetDeferred Tax AssetTotal AssetsTotal LiabilitiesNet Asset Value of the Fund2,378,251124,5242,382,787-2,382,78799.810.000.19100.00-100.00Policyholders’ FundCapitalGenerated Income carried forwardNet Asset Value Per Unit (RM)2,434,949(52,162)2,382,7870.934102.19(2.19)100.00PRUlink Funds 100

Statement Of Assets And Liabilities As At 31 December 2011PRUlink dyna growth II fundRM2011%InvestmentStructured ProductTax AssetDeferred Tax AssetTotal AssetsTotal LiabilitiesNet Asset Value of the Fund2,417,138167,4352,424,589-2,424,58999.690.000.31100.00-100.00Policyholders’ FundCapitalGenerated Income carried forwardNet Asset Value Per Unit (RM)2,510,283(85,694)2,424,5890.897103.53(3.53)100.00PRUlink Funds 101

Statement Of Assets And Liabilities As At 31 December 2011PRUlink dyna growth III fundRM2011%InvestmentStructured ProductTax AssetDeferred Tax AssetTotal AssetsTotal LiabilitiesNet Asset Value of the Fund127,055800195128,050-128,05099.230.620.15100.00-100.00Policyholders’ FundCapitalGenerated Income carried forwardNet Asset Value Per Unit (RM)139,490(11,440)128,0500.876108.93(8.93)100.00PRUlink Funds 102

Statement Of Assets And Liabilities As At 31 December 2011PRUlink dyna growth IV fundRM2011%InvestmentStructured ProductTax AssetDeferred Tax AssetTotal AssetsTotal LiabilitiesNet Asset Value of the Fund106,894478430107,802-107,80299.160.440.40100.00-100.00Policyholders’ FundCapitalGenerated Income carried forwardNet Asset Value Per Unit (RM)118,248(10,446)107,8020.876109.69(9.69)100.00PRUlink Funds 103

Statement Of Assets And Liabilities As At 31 December 2011PRUlink money market fundRM2011%Cash and DepositsCash at BankDepositsOther AssetsTotal AssetsProvision for TaxationTotal LiabilitiesNet Asset Value of the Fund4,2081,145,0007,3231,156,531(443)(443)1,156,0880.3699.040.64100.04(0.04)(0.04)100.00Policyholders’ FundCapitalGenerated Income carried forwardNet Asset Value Per Unit (RM)1,151,0205,0681,156,0881.00599.560.44100.00PRUlink Funds 104

Statement Of Changes In Net Asset ValueStatement Of Changes In Net Asset Value For The Financial Year Ended 31 December 2011PRUlink equity fund2011RM2010RMNet Asset Value at beginning of year4,878,213,3633,671,739,474Amounts received from units created1,213,305,6091,116,068,003Amounts paid for units cancelled(960,925,459)(735,563,635)Excess of Income over Outgo200,708,597825,969,521Value of fund at end of year5,331,302,1104,878,213,363Statement Of Changes In Net Asset Value For The Financial Year Ended 31 December 2011PRUlink bond fund2011RM2010RMNet Asset Value at beginning of year1,035,786,244800,343,864Amounts received from units created728,140,108386,477,430Amounts paid for units cancelled(322,164,141)(201,824,341)Excess of Income over Outgo64,431,51250,789,291Value of fund at end of year1,506,193,7231,035,786,244PRUlink Funds 105

Statement Of Changes In Net Asset Value For The Financial Year Ended 31 December 2011PRUlink managed fund2011RM2010RMNet Asset Value at beginning of year1,339,546,2991,070,426,887Amounts received from units created229,958,342233,154,738Amounts paid for units cancelled(153,467,386)(149,225,987)Excess of Income over Outgo47,654,274185,190,661Value of fund at end of year1,463,691,5291,339,546,299Statement Of Changes In Net Asset Value For The Financial Year Ended 31 December 2011PRUlink managed fund II2011RM2010RMNet Asset Value at beginning of year304,142,421196,601,514Amounts received from units created183,690,793137,354,967Amounts paid for units cancelled(96,260,302)(71,896,746)Excess of Income over Outgo14,697,09642,082,686Value of fund at end of year406,270,008304,142,421PRUlink Funds 106

Statement Of Changes In Net Asset Value For The Financial Year Ended 31 December 2011PRUlink golden equity fund2011RM2010RMNet Asset Value at beginning of year109,840,80769,938,257Amounts received from units created33,679,42646,068,593Amounts paid for units cancelled(8,884,467)(23,753,750)Excess of Income over Outgo5,154,25817,587,707Value of fund at end of year139,790,024109,840,807Statement Of Changes In Net Asset Value For The Financial Year Ended 31 December 2011PRUlink golden bond fund2011RM2010RMNet Asset Value at beginning of year249,642,277173,430,109Amounts received from units created86,210,05967,797,873Amounts paid for units cancelled(11,477,682)(1,922,563)Excess of Income over Outgo14,353,82510,336,858Value of fund at end of year338,728,479249,642,277PRUlink Funds 107

Statement Of Changes In Net Asset Value For The Financial Year Ended 31 December 2011PRUlink dana unggul2011RM2010RMNet Asset Value at beginning of year404,622,738299,136,664Amounts received from units created138,510,167122,019,482Amounts paid for units cancelled(100,587,657)(75,052,009)Excess of Income over Outgo33,712,67058,518,601Value of fund at end of year476,257,918404,622,738Statement Of Changes In Net Asset Value For The Financial Year Ended 31 December 2011PRUlink dana aman2011RM2010RMNet Asset Value at beginning of year56,965,61147,311,574Amounts received from units created46,032,03817,468,473Amounts paid for units cancelled(25,141,257)(10,776,743)Excess of Income over Outgo3,237,8092,962,307Value of fund at end of year81,094,20156,965,611PRUlink Funds 108

Statement Of Changes In Net Asset Value For The Financial Year Ended 31 December 2011PRUlink dana urus2011RM2010RMNet Asset Value at beginning of year107,985,91385,955,032Amounts received from units created22,898,65424,535,015Amounts paid for units cancelled(17,380,989)(15,432,949)Excess of Income over Outgo6,736,09612,928,815Value of fund at end of year120,239,674107,985,913Statement Of Changes In Net Asset Value For The Financial Year Ended 31 December 2011PRUlink dana urus II2011RM2010RMNet Asset Value at beginning of year23,580,78214,623,273Amounts received from units created23,603,42715,722,178Amounts paid for units cancelled(14,973,255)(9,510,782)Excess of Income over Outgo2,060,8892,746,113Value of fund at end of year34,271,84323,580,782PRUlink Funds 109

Statement Of Changes In Net Asset Value For The Financial Year Ended 31 December 2011PRUlink asia managed fund2011RM2010RMNet Asset Value at beginning of year241,982,226263,042,900Amounts received from units created15,876,48621,226,822Amounts paid for units cancelled(37,436,273)(52,526,108)Net (Outgo)/Income(26,654,129)10,238,612Value of fund at end of year193,768,310241,982,226Statement Of Changes In Net Asset Value For The Financial Year Ended 31 December 2011PRUlink asia property securities fund2011RM2010RMNet Asset Value at beginning of year21,375,31518,951,577Amounts received from units created3,042,5995,646,502Amounts paid for units cancelled(5,700,980)(5,603,812)Net (Outgo)/Income(919,248)2,381,048Value of fund at end of year17,797,68621,375,315PRUlink Funds 110

Statement Of Changes In Net Asset Value For The Financial Year Ended 31 December 2011PRUlink asia local bond fund2011RM2010RMNet Asset Value at beginning of year3,520,3491,316,521Amounts received from units created6,140,2554,010,650Amounts paid for units cancelled(3,127,552)(1,888,567)Excess of Income over Outgo292,32681,745Value of fund at end of year6,825,3783,520,349Statement Of Changes In Net Asset Value For The Financial Year Ended 31 December 2011PRUlink global market navigator fund2011RM2010RMNet Asset Value at beginning of year33,294,89544,898,469Amounts received from units created795,9731,672,372Amounts paid for units cancelled(8,491,023)(12,072,701)Net Outgo(1,337,094)(1,203,245)Value of fund at end of year24,262,75133,294,895PRUlink Funds 111

Statement Of Changes In Net Asset Value For The Financial Year Ended 31 December 2011PRUlink dragon peacock fund2011RM2010RMNet Asset Value at beginning of year24,799,116-Amounts received from units created12,920,22827,430,554Amounts paid for units cancelled(6,617,371)(4,369,052)Net (Outgo)/Income(7,136,322)1,737,614Value of fund at end of year23,965,65124,799,116Statement Of Changes In Net Asset Value For The Financial Year Ended 31 December 2011PRUlink education equity fund2011RM2010RMNet Asset Value at beginning of year148,669-Amounts received from units created423,401181,791Amounts paid for units cancelled(118,841)(42,544)Excess of Income over Outgo15,4769,422Value of fund at end of year468,705148,669PRUlink Funds 112

Statement Of Changes In Net Asset Value For The Financial Year Ended 31 December 2011PRUlink education bond fund2011RM2010RMNet Asset Value at beginning of year241,361-Amounts received from units created690,893304,869Amounts paid for units cancelled(191,464)(66,269)Excess of Income over Outgo23,7612,761Value of fund at end of year764,551241,361Statement Of Changes In Net Asset Value For The Financial Year Ended 31 December 2011PRUlink asia equity fund2011RM2010RMNet Asset Value at beginning of year7,215,048-Amounts received from units created11,141,6017,493,843Amounts paid for units cancelled(4,358,013)(386,552)Net (Outgo)/Income(2,222,811)107,757Value of fund at end of year11,775,8257,215,048PRUlink Funds 113

Statement Of Changes In Net Asset Value For The Financial Year Ended 31 December 2011PRUlink MyOptimizer fund2011RM2010RMNet Asset Value at beginning of year48,052,800-Amounts received from units created-48,052,800Amounts paid for units cancelled--Net Outgo(300,710)-Value of fund at end of year47,752,09048,052,800Statement Of Changes In Net Asset Value For 9 Months Period Ended 31 December 2011PRUlink commodity allocator fund2011RMNet Asset Value at beginning of periodAmounts received from units createdAmounts paid for units cancelledExcess of Income over OutgoValue of fund at end of period-53,576,600-802,97254,379,572PRUlink Funds 114

Statement Of Changes In Net Asset Value For 6 Months Period Ended 31 December 2011PRUlink commodity allocator II fund2011RMNet Asset Value at beginning of periodAmounts received from units createdAmounts paid for units cancelledExcess of Income over OutgoValue of fund at end of period-8,400,325-154,3208,554,645Statement Of Changes In Net Asset Value For 5 Months Period Ended 31 December 2011PRUlink dyna growth I fund2011RMNet Asset Value at beginning of periodAmounts received from units createdAmounts paid for units cancelledNet OutgoValue of fund at end of period-2,434,949-(52,162)2,382,787PRUlink Funds 115

Statement Of Changes In Net Asset Value For 5 Months Period Ended 31 December 2011PRUlink dyna growth II fund2011RMNet Asset Value at beginning of periodAmounts received from units createdAmounts paid for units cancelledNet OutgoValue of fund at end of period-2,510,283-(85,694)2,424,589Statement Of Changes In Net Asset Value For 5 Months Period Ended 31 December 2011PRUlink dyna growth III fund2011RMNet Asset Value at beginning of periodAmounts received from units createdAmounts paid for units cancelledNet OutgoValue of fund at end of period-139,490-(11,440)128,050PRUlink Funds 116

Statement Of Changes In Net Asset Value For 5 Months Period Ended 31 December 2011PRUlink dyna growth IV fund2011RMNet Asset Value at beginning of periodAmounts received from units createdAmounts paid for units cancelledNet OutgoValue of fund at end of period-118,248-(10,446)107,802Statement Of Changes In Net Asset Value For 3 Months Period Ended 31 December 2011PRUlink money market fund2011RMNet Asset Value at beginning of periodAmounts received from units createdAmounts paid for units cancelledExcess of Income over OutgoValue of fund at end of period-1,151,667(647)5,0681,156,088PRUlink Funds 117

Statement Of Income And ExpenditureStatement Of Income And Expenditure For The Financial Year Ended 31 December 2011PRUlink equity fundNet Investment IncomeInterest incomeDividend incomeProfits on DisposalSecuritiesUnrealised Capital GainTotal IncomeInvestment Management FeesLoss on DisposalSecuritiesUnrealised Capital LossTaxationOther OutgoTotal OutgoExcess of Income over OutgoGenerated Income brought forwardGenerated Income carried forward2011RM193,497,51414,365,252179,132,262267,829,743267,829,743-461,327,257(76,038,323)(46,965,629)(46,965,629)(124,081,290)(13,456,087)(77,331)(260,618,660)200,708,5971,916,227,0902,116,935,6872010RM153,001,0698,987,278144,013,791117,297,021117,297,021665,773,997936,072,087(62,711,463)(1,234,078)(1,234,078)-(46,100,199)(56,826)(110,102,566)825,969,5211,090,257,5691,916,227,090PRUlink Funds 118

Statement Of Income And Expenditure For The Financial Year Ended 31 December 2011PRUlink bond fundNet Investment IncomeInterest incomeProfits on DisposalSecuritiesUnrealised Capital GainTotal IncomeInvestment Management FeesTaxationOther OutgoTotal OutgoExcess of Income over OutgoGenerated Income brought forwardGenerated Income carried forward2011RM55,920,42455,920,42439,05739,05720,552,12176,511,602(6,117,830)(5,954,245)(8,015)(12,080,090)64,431,512167,627,618232,059,1302010RM43,131,55143,131,5511,218,0361,218,03614,400,09658,749,683(4,568,180)(3,383,871)(8,341)(7,960,392)50,789,291116,838,327167,627,618PRUlink Funds 119

Statement Of Income And Expenditure For The Financial Year Ended 31 December 2011PRUlink managed fundNet Investment IncomeFee RebateProfits on DisposalSecuritiesUnrealised Capital GainTotal IncomeInvestment Management FeesUnrealised Capital LossTotal OutgoExcess of Income over OutgoGenerated Income brought forwardGenerated Income carried forward2011RM16,747,88216,747,88266,819,99066,819,990-83,567,872(20,856,680)(15,056,918)(35,913,598)47,654,274477,370,258525,024,5322010RM14,528,72714,528,72731,784,65331,784,653156,691,873203,005,253(17,814,592)-(17,814,592)185,190,661292,179,597477,370,258PRUlink Funds 120

Statement Of Income And Expenditure For The Financial Year Ended 31 December 2011PRUlink managed fund IINet Investment IncomeFee RebateProfits on DisposalSecuritiesUnrealised Capital GainTotal IncomeInvestment Management FeesTotal OutgoExcess of Income over OutgoGenerated Income brought forwardGenerated Income carried forward2011RM4,469,4394,469,43911,530,25411,530,2543,231,99619,231,689(4,534,593)(4,534,593)14,697,09665,727,81080,424,9062010RM3,172,4043,172,40410,316,40010,316,40031,726,15345,214,957(3,132,271)(3,132,271)42,082,68623,645,12465,727,810PRUlink Funds 121

Statement Of Income And Expenditure For The Financial Year Ended 31 December 2011PRUlink golden equity fundNet Investment IncomeFee RebateProfits on DisposalSecuritiesUnrealised Capital GainOther IncomeTotal IncomeInvestment Management FeesTotal OutgoExcess of Income over OutgoGenerated Income brought forwardGenerated Income carried forward2011RM1,846,7741,846,7741,011,5471,011,5474,142,870-7,001,191(1,846,933)(1,846,933)5,154,25822,717,30327,871,5612010RM1,311,3571,311,3571,701,7821,701,78215,885,76429818,899,201(1,311,494)(1,311,494)17,587,7075,129,59622,717,303PRUlink Funds 122

Statement Of Income And Expenditure For The Financial Year Ended 31 December 2011PRUlink golden bond fundNet Investment IncomeFee RebateProfits on DisposalSecuritiesUnrealised Capital GainOther IncomeTotal IncomeInvestment Management FeesTotal OutgoExcess of Income over OutgoGenerated Income brought forwardGenerated Income carried forward2011RM1,473,7141,473,7141,176,3051,176,30514,651,255-17,301,274(2,947,449)(2,947,449)14,353,82520,849,98335,203,8082010RM1,041,7061,041,706172,719172,71911,205,56829812,420,291(2,083,433)(2,083,433)10,336,85810,513,12520,849,983PRUlink Funds 123

Statement Of Income And Expenditure For The Financial Year Ended 31 December 2011PRUlink dana unggulNet Investment IncomeInterest incomeDividend incomeProfits on DisposalSecuritiesUnrealised Capital GainTotal IncomeInvestment Management FeesLoss on DisposalSecuritiesTaxationOther OutgoTotal OutgoExcess of Income over OutgoGenerated Income brought forwardGenerated Income carried forward2011RM15,016,2351,218,06013,798,17528,216,37328,216,3738,433,13951,665,747(6,532,007)(9,379,916)(9,379,916)(2,004,353)(36,801)(17,953,077)33,712,670122,586,050156,298,7202010RM11,171,008772,34510,398,66323,983,72423,983,72436,897,10472,051,836(5,111,549)(4,970,402)(4,970,402)(3,407,174)(44,110)(13,533,235)58,518,60164,067,449122,586,050PRUlink Funds 124

Statement Of Income And Expenditure For The Financial Year Ended 31 December 2011PRUlink dana amanNet Investment IncomeInterest incomeProfits on DisposalSecuritiesUnrealised Capital GainTotal IncomeInvestment Management FeesTaxationOther OutgoTotal OutgoExcess of Income over OutgoGenerated Income brought forwardGenerated Income carried forward2011RM2,583,8062,583,806115,576115,5761,191,7603,891,142(326,866)(319,319)(7,148)(653,333)3,237,8099,479,91612,717,7252010RM2,131,2462,131,246104,892104,8921,158,1243,394,262(259,838)(164,766)(7,351)(431,955)2,962,3076,517,6099,479,916PRUlink Funds 125

Statement Of Income And Expenditure For The Financial Year Ended 31 December 2011PRUlink dana urusNet Investment IncomeFee RebateProfits on DisposalSecuritiesUnrealised Capital GainTotal IncomeInvestment Management FeesTotal OutgoExcess of Income over OutgoGenerated Income brought forwardGenerated Income carried forward2011RM1,354,1361,354,1364,942,2634,942,2632,131,1008,427,499(1,691,403)(1,691,403)6,736,09630,037,29936,773,3952010RM1,156,8341,156,8342,293,5272,293,52710,907,25014,357,611(1,428,796)(1,428,796)12,928,81517,108,48430,037,299PRUlink Funds 126

Statement Of Income And Expenditure For The Financial Year Ended 31 December 2011PRUlink dana urus IINet Investment IncomeFee RebateProfits on DisposalSecuritiesUnrealised Capital GainTotal IncomeInvestment Management FeesTotal OutgoExcess of Income over OutgoGenerated Income brought forwardGenerated Income carried forward2011RM358,925358,9251,162,1481,162,148906,2982,427,371(366,482)(366,482)2,060,8893,975,7306,036,6192010RM234,823234,823967,647967,6471,775,8052,978,275(232,162)(232,162)2,746,1131,229,6173,975,730PRUlink Funds 127

Statement Of Income And Expenditure For The Financial Year Ended 31 December 2011PRUlink asia managed fundNet Investment IncomeInterest incomeOthersProfits on DisposalSecuritiesUnrealised Capital GainTax IncomeTotal IncomeInvestment Management FeesUnrealised Capital LossTaxationOther OutgoTotal OutgoNet (Outgo)/IncomeGenerated Income brought forwardGenerated Income carried forward2011RM(9,712,819)1,423(9,714,242)19,490,53319,490,533-988,07810,765,792(2,904,992)(34,511,495)-(3,434)(37,419,921)(26,654,129)31,303,4994,649,3702010RM(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)10,238,61221,064,88731,303,499PRUlink Funds 128

Statement Of Income And Expenditure For The Financial Year Ended 31 December 2011PRUlink asia property securities fundNet Investment IncomeInterest incomeOthersProfits on DisposalSecuritiesUnrealised Capital GainTotal IncomeInvestment Management FeesUnrealised Capital LossTaxationOther OutgoTotal OutgoNet (Outgo)/IncomeGenerated Income brought forwardGenerated Income carried forward2011RM(203,060)-(203,060)316,903316,903-113,843(301,193)(658,416)(73,388)(94)(1,033,091)(919,248)291,014(628,234)2010RM(48,457)468(48,925)7,9927,9922,728,8922,688,427(296,118)-(10,013)(1,248)(307,379)2,381,048(2,090,034)291,014PRUlink Funds 129

Statement Of Income And Expenditure For The Financial Year Ended 31 December 2011PRUlink asia local bond fundNet Investment IncomeInterest incomeOthersProfits on DisposalSecuritiesUnrealised Capital GainTotal IncomeInvestment Management FeesUnrealised Capital LossTaxationOther OutgoTotal OutgoExcess of Income over OutgoGenerated Income brought forwardGenerated Income carried forward2011RM(47,829)1,539(49,368)74,03574,035326,298352,504(49,682)-(9,072)(1,424)(60,178)292,326281,395573,7212010RM(56,920)849(57,769)198,091198,091-141,171(26,299)(16,558)(15,275)(1,294)(59,426)81,745199,650281,395PRUlink Funds 130

Statement Of Income And Expenditure For The Financial Year Ended 31 December 2011PRUlink global market navigator fundNet Investment IncomeInterest incomeOthersProfits on DisposalSecuritiesTax IncomeTotal IncomeInvestment Management FeesUnrealised Capital LossTaxationOther OutgoTotal OutgoNet OutgoGenerated Income brought forwardGenerated Income carried forward2011RM(1,169,917)-(1,169,917)1,446,2841,446,284104,605380,972(360,052)(1,357,966)-(48)(1,718,066)(1,337,094)539,672(797,422)2010RM(952,722)329(953,051)940,024940,024-(12,698)(481,612)(666,508)(41,984)(443)(1,190,547)(1,203,245)1,742,917539,672PRUlink Funds 131

Statement Of Income And Expenditure For The Financial Year Ended 31 December 2011PRUlink dragon peacock fundNet Investment IncomeInterest incomeOthersProfits on DisposalSecuritiesUnrealised Capital GainTax IncomeTotal IncomeInvestment Management FeesLoss on DisposalSecuritiesUnrealised Capital LossTaxationOther OutgoTotal OutgoNet (Outgo)/IncomeGenerated Income brought forwardGenerated Income carried forward2011RM(21,824)2,852(24,676)21,59421,594-285,234285,004(374,567)(32,988)(32,988)(7,010,994)-(2,777)(7,421,326)(7,136,322)1,737,614(5,398,708)2010RM(73,836)9,164(83,000)--2,137,331PRUlink Funds 132-2,063,495(237,301)---(82,834)(5,746)(325,881)1,737,614-1,737,614

Statement Of Income And Expenditure For The Financial Year Ended 31 December 2011PRUlink education equity fundNet Investment IncomeFee RebateProfits on DisposalSecuritiesUnrealised Capital GainTotal IncomeInvestment Management FeesTotal OutgoExcess of Income over OutgoGenerated Income brought forwardGenerated Income carried forward2011RM4,2914,2913,3823,38212,09419,767(4,291)(4,291)15,4769,42224,8982010RM6216211,6341,6347,78810,043(621)(621)9,422-9,422PRUlink Funds 133

Statement Of Income And Expenditure For The Financial Year Ended 31 December 2011PRUlink education bond fundNet Investment IncomeFee RebateProfits on DisposalSecuritiesUnrealised Capital GainTotal IncomeInvestment Management FeesTotal OutgoExcess of Income over OutgoGenerated Income brought forwardGenerated Income carried forward2011RM2,3842,3844,0624,06222,08328,529(4,768)(4,768)23,7612,76126,5222010RM3323327007002,3923,424(663)(663)2,761-2,761PRUlink Funds 134

Statement Of Income And Expenditure For The Financial Year Ended 31 December 2011PRUlink asia equity fundNet Investment IncomeInterest incomeOthersUnrealised Capital GainTax IncomeTotal IncomeInvestment Management FeesLoss on DisposalSecuritiesUnrealised Capital LossTaxationOther OutgoTotal OutgoNet (Outgo)/IncomeGenerated Income brought forwardGenerated Income carried forward2011RM(33,686)3,218(36,904)-76,45442,768(150,298)(77,297)(77,297)(2,034,567)-(3,417)(2,265,579)(2,222,811)107,757(2,115,054)2010RM(6,296)3,059(9,355)134,263-127,967(13,087)---(5,175)(1,948)(20,210)107,757-107,757PRUlink Funds 135

Statement Of Income And Expenditure For The Financial Year Ended 31 December 2011PRUlink MyOptimizer fundNet Investment IncomeInterest incomeTax IncomeTotal IncomeInvestment Management FeesUnrealised Capital LossTotal OutgoNet OutgoGenerated Income brought forwardGenerated Income carried forward2011RM263,989263,9895,030269,019(242,870)(326,859)(569,729)(300,710)-(300,710)2010RM----------PRUlink Funds 136

Statement Of Income And Expenditure For 9 months period ended 31 December 2011PRUlink commodity allocator fund2011RMUnrealised Capital GainTotal IncomeTaxationOther OutgoTotal OutgoExcess of Income over OutgoGenerated Income brought forwardGenerated Income carried forward872,812872,812(69,825)(15)(69,840)802,972-802,972PRUlink Funds 137

Statement Of Income And Expenditure For 6 months period ended 31 December 2011PRUlink commodity allocator II fund2011RMUnrealised Capital GainTotal IncomeTaxationOther OutgoTotal OutgoExcess of Income over OutgoGenerated Income brought forwardGenerated Income carried forward167,745167,745(13,420)(5)(13,425)154,320-154,320PRUlink Funds 138

Statement Of Income And Expenditure For 5 months period ended 31 December 2011PRUlink dyna growth I fund2011RMTax IncomeTotal IncomeLoss on DisposalUnrealised Capital LossTotal OutgoNet OutgoGenerated Income brought forwardGenerated Income carried forward4,5364,536(152)(56,546)(56,698)(52,162)-(52,162)PRUlink Funds 139

Statement Of Income And Expenditure For 5 months period ended 31 December 2011PRUlink dyna growth II fund2011RMTax IncomeTotal IncomeLoss on DisposalUnrealised Capital LossTotal OutgoNet OutgoGenerated Income brought forwardGenerated Income carried forward7,4517,451(204)(92,941)(93,145)(85,694)-(85,694)PRUlink Funds 140

Statement Of Income And Expenditure For 5 months period ended 31 December 2011PRUlink dyna growth III fund2011RMTax IncomeTotal IncomeLoss on DisposalUnrealised Capital LossTotal OutgoNet OutgoGenerated Income brought forwardGenerated Income carried forward995995(10,002)(2,433)(12,435)(11,440)-(11,440)PRUlink Funds 141

Statement Of Income And Expenditure For 5 months period ended 31 December 2011PRUlink dyna growth IV fund2011RMTax IncomeTotal IncomeLoss on DisposalUnrealised Capital LossTotal OutgoNet OutgoGenerated Income brought forwardGenerated Income carried forward908908(5,975)(5,379)(11,354)(10,446)-(10,446)PRUlink Funds 142

Statement Of Income And Expenditure For 3 months period ended 31 December 2011PRUlink money market fund2011RMNet Investment IncomeInterest incomeTotal IncomeTaxationOther OutgoTotal OutgoExcess of Income over OutgoGenerated Income brought forwardGenerated Income carried forward5,5355,5355,535(443)(24)(467)5,068-5,068PRUlink Funds 143

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.b. 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 144

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 investments 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 fundand in 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 CommissionsAs regulated by the Securities Commission’s Guidelines, the fund management company is strictly prohibitedfrom receiving any rebates arising from transactions or orders on behalf of the clients. Any such rebatesreceived must be directed to the accounts of the relevant clients. The fund management company is howeverallowed to accept soft commission arising from transactions or orders on behalf of the clients, provided thatupon obtaining prior consent from the client, the good and services received are in the form of research andadvisory services that will assist in decision-making process relating to the client’s investments and ultimatelydemonstrates benefits to the clients.4. At 31 December 2011, the Funds had no contingent liabilities or commitments.5. All amounts are stated in Ringgit Malaysia.PRUlink Funds 145

Fulfilling the hopes and dreams ofMalaysians for over 88 years...

Perutusan Ketua Pegawai EksekutifPemegang Polisi Yang Dihargai,Tahun 2012 merupakan tahun yang bermakna danmengujakan bagi Prudential Assurance Malaysia Berhad(PAMB). Tahun ini merupakan ulang tahun kami ke-88 diMalaysia dan banyak yang ingin kami raikan.Dari permulaannya yang sederhana, Prudential telahberkembang menjadi penanggung insurans yang utamadengan operasi di seluruh Malaysia. Kini, kami berbanggamenjadi peneraju industri yang disegani yang terusmendahului dalam inovasi produk, sentiasa berusaha untukmenawarkan penyelesaian kewangan yang baru dan inovasikepada pelanggan kami untuk menolong mereka memenuhikeperluan di peringkat hidup yang berlainan.Pada tahun 2010, kami mencipta sejarah dengan menjadipenanggung insurans pertama dalam industri di Malaysiayang mencapai RM1 bilion dalam jualan perniagaan barudan kami meneruskan momentum kukuh tahun lepasapabila jumlah jualan Kesetaraan Premium Tahunan (atauAPE) perniagaan baru kami mececah RM1.1 bilion –dengan sumbangan Insurans Hayat dan Takaful Keluarga 1digabungkan.Bagi kami, pencapaian perniagaan ini adalah lebih daripadasekadar satu lagi peristiwa penting bagi Syarikat. Ia bukansahaja membuktikan peningkatan ketara hasil daripadadedikasi dan usaha gigih kesemua Perancang Kewangan,ejen, Pemimpin Kualiti, rakan kongsi bank dan kakitangankami, tetapi ia juga menandakan penerimaan umum danpeningkatan kesedaran orang ramai tentang kepentinganinsurans serta keyakinan mereka yang berterusan terhadapproduk dan perkhidmatan yang ditawarkan oleh Prudential.Kejayaan yang kami kecapi hari ini adalah hasil sokonganpara pelanggan kami di seluruh Malaysia yang kini melebihi1 juta orang.Bagi pihak Prudential, saya ingin mengucapkan terimakasih kepada anda, pelanggan yang kami dihargai, di atassokongan dan kepercayaan anda yang berterusan selamaini. Terima kasih kerana memberi kami peluang untukmendengar dan memahami harapan dan impian anda,serta membenarkan kami menolong anda merancangkanmasa depan kewangan yang terjamin untuk anda, keluargaanda dan orang yang tersayang. Kami amat berbesar hatiberkhidmat untuk anda, dan kami amat komited untukmemupuk dan mengukuhkan hubungan kami dengan andauntuk tahun-tahun yang akan datang.Sehubungan itu, saya dengan sukacitanya melaporkanbahawa falsafah pelaburan kami mencipta nilai untukpemegang polisi kami dalam jangka masa panjang terbuktibermanfaat. Kebanyakan dana PRUlink (dana insurans1Produk Takaful yang diedarkan oleh edaran agensi Prudential Assurance Malaysia diunderait oleh Prudential BSN Takaful Berhad, iaitu usahasama antaraPrudential dan Bank Simpanan Nasional.PRUlink Funds 147

erkaitan pelaburan) kami mencatatkan pulangan positifpada tahun 2011. Sila rujuk kepada mukasurat 153-155untuk butir-butir lengkap mengenai semua dana PRUlinkkami dan prestasi mereka masing-masing.Seperti anda maklum, polisi insurans berkaitan pelaburananda bertujuan untuk memenuhi matlamat kewanganjangka panjang anda dan melindungi kewangan masadepan keluarga anda. Kami memahami kehidupan dankeperluan anda mungkin akan berubah dari masa kesemasa. Inilah sebabnya pelan insurans berkaitan pelaburankami mempunyai pilihan untuk mengalihkan premium ataunilai dana kepada dana-dana PRUlink yang lain bila-bilamasa sepanjang tempoh polisi anda melalui kemudahanpengalihan dana 2 kami. Pengalihan dana sebanyak empatkali bagi tempoh tahun yang sama adalah percuma.Sementara itu, jika anda mempunyai sebarang pertanyaanmengenai pelaburan anda atau anda ingin menggunakankemudahan pengalihan dana kami, sila hubungi PerancangKewangan atau ejen Prudential anda. Anda juga bolehmenghubungi mana-mana Wakil Khidmat Pelanggan kamidi nombor 03-2116 0228, atau emelkan pertanyaan andakepada customer.mys@prudential.com.my, atau melawatcawangan yang terdekat. Kami sedia membantu anda.kami untuk terus berada di sisi anda bagi tempoh yangpanjang. Anda boleh tetap yakin bahawa kami akan terusberhemat dalam menguruskan perniagaan kami, pada masayang sama, bergantung kepada kepakaran pengurusan asetrakan sejawat kami, Eastspring Investments Berhad (dikenalisebagai Prudential Funds Management Berhad sebelum ini)untuk memupuk pertumbuhan pelaburan anda bersamakami. Untuk maklumat anda, Eastspring Investments adalahnama korporat dan jenama baru bagi operasi pengurusanaset Prudential plc di Asia, berikutan dengan satu latihanpenjenamaan semula yang berlaku pada awal tahun ini.Walau bagaimanapun, perubahan jenama ini tidak akanmeninggalkan kesan terhadap operasi perniagaan, strategipelaburan atau pemimpinan. Eastspring Investments akanterus beroperasi seperti biasa, tiada perubahan terhadappolisi yang sediada.Akhir sekali, saya ingin mengucapkan terima kasih sekali lagikerana menaruh kepercayaan kepada kami untuk menjagakeperluan insurans anda. Adalah satu penghormatan bagikami menjadi penanggung insurans pilihan anda dan kamiberjanji akan sentiasa berpegang pada falsafah kami, iaitu‘Sentiasa Mendengar, Sentiasa Memahami’ dan akanterus bekerja lebih keras lagi untuk menawarkan andaproduk dan perkhidmatan yang melebihi jangkaan anda.Semoga tahun ini memberi anda kemakmuran, kesihatandan kebahagiaan.Yang benar,Charlie E. Oropeza CLU, ChFC, CPCUKetua Pegawai EksekutifPrudential Assurance Malaysia BerhadGenapnya usia kami yang ke-88 tahun ini tidak diraguimerupakan peristiwa penting bagi Prudential Malaysia.Tetapi yang lebih penting ialah ia menandakan komitmenKami berharap untuk terus memberi perkhidmatan yangterbaik buat anda bagi tahun-tahun akan datang.2Kemudahan pengalihan dana tidak termasuk dana-dana PRUlink MyOptimizer, PRUlink commodity allocator, PRUlink commodity allocator II dan PRUlink dyna growth.PRUlink Funds 148

Objektif DanaPRUlink equity fund bertujuan untuk memaksimumkanpulangan dalam jangka sederhana hingga panjang denganmelabur dalam saham berkualiti tinggi yang tersenarai diBursa Malaysia.PRUlink bond fund bertujuan untuk menyediakanpengumpulan modal dalam jangka sederhana hinggapanjang dengan melabur dalam sekuriti faedah tetapterpilih, bon korporat dan deposit tetap.PRUlink managed fund / PRUlink managed fund II adalahdana terurus yang bertujuan untuk memaksimumkanpulangan dalam jangka sederhana hingga panjang denganmelabur dalam saham dan sekuriti faedah tetap melaluiPRUlink equity fund dan PRUlink bond fund dan dalammana-mana PRUlink funds lain yang mungkin ditawarkanpada masa depan.PRUlink golden equity fund bertujuan untukmemaksimumkan pulangan dalam jangka sederhanahingga panjang dengan mengambil kira keperluan untukmembuat pembayaran terjamin. Ini dicapai dengan melaburdalam saham berkualiti tinggi yang tersenarai di BursaMalaysia dan mana-mana instrumen kewangan lain yangakan digunakan untuk melindung nilai portfolio.PRUlink golden bond fund bertujuan untuk menyediakanpengumpulan modal dalam jangka sederhana hinggapanjang dengan mengambil kira keperluan untuk membuatpembayaran terjamin. Ini dicapai dengan melabur dalamsekuriti faedah tetap terpilih, bon korporat dan deposittetap, serta mana-mana instrumen kewangan lain yangakan digunakan untuk melindung nilai portfolio.PRUlink dana unggul bertujuan untuk memaksimumkanpulangan dalam jangka sederhana hingga panjang denganmelabur dalam saham berkualiti tinggi diluluskan Syariahyang tersenarai di Bursa Malaysia.PRUlink dana aman bertujuan untuk menyediakanpengumpulan modal dalam jangka sederhana hinggapanjang dengan melabur dalam sekuriti hutang Islamterpilih.PRUlink dana urus / PRUlink dana urus II adalah danaterurus yang bertujuan untuk memaksimumkan pulangandalam jangka sederhana hingga panjang dengan melaburdalam saham diluluskan Syariah dan sekuriti hutang Islammelalui PRUlink dana unggul dan PRUlink dana amandan dalam mana-mana PRUlink funds lain yang mungkinditawarkan pada masa depan.PRUlink asia managed fund adalah dana yang diuruskansecara aktif yang bertujuan untuk memaksimumkanpulangan dalam jangka sederhana hingga panjang. Inidicapai dengan melabur secara langsung dalam saham,sekuriti faedah tetap dan instrumen pasaran wang di rantauAsia Pasifik kecuali Jepun melalui mana-mana dana PRUlinkglobal yang mungkin ditawarkan pada masa depan, atausecara tidak langsung melalui subdana yang diuruskan olehEastspring Investments (Singapore) Limited atau manamanapengurus dana lain yang akan ditentukan dari semasake semasa.PRUlink asia property securities fund adalah danayang diuruskan secara aktif yang bertujuan untukmemaksimumkan pendapatan dan jumlah pulangan jangkapanjang. Ini dicapai dengan melabur dalam Dana PelaburanHarta Tanah (REIT) yang tersenarai dan sekuriti berkaitan hartamilik syarikat-syarikat yang diperbadankan, disenaraikanatau yang kawasan aktiviti utamanya ialah di rantau AsiaPasifik termasuk Jepun, Australia dan New Zealand. Danaini juga mungkin melabur dalam resit depositori, sekuritihutang yang boleh ditukar kepada saham biasa, sahamkeutamaan dan waran serta melalui mana-mana danaPRUlink global lain yang mungkin ditawarkan pada masadepan, atau secara tidak langsung melalui subdana yangdiuruskan oleh Eastspring Investments (Singapore) Limitedatau mana-mana pengurus dana lain yang akan ditentukandari semasa ke semasa.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 untuk mencapai pulangan mutlakyang positif dalam jangka sederhana melalui pelaksanaanstrategi peruntukan aset yang diuruskan secara aktifdalam pelbagai aset global termasuk tunai, ekuiti, bon danmata wang. Pendedahan kepada setiap kelas aset akandibuat terutamanya melalui dana dagangan bursa, niagahadapan indeks, ekuiti dan bon langsung, swap, opsyendan kontrak hadapan pertukaran asing, setiap satunyaboleh didagangkan melalui bursa yang diiktiraf ataumelalui pasaran atas kaunter. Penggunaan derivatif ialahuntuk pengurusan portfolio yang cekap bagi mendapatkanakses kepada pasaran dengan cekap dengan cara yang kosefektif.PRUlink Funds 149

PRUlink dragon peacock fund adalah dana yang bertujuanuntuk memaksimumkan jumlah pulangan jangka panjangdengan melabur terutamanya dalam ekuiti dan instrumenberkaitan ekuiti milik syarikat-syarikat yang diperbadankanatau disenaraikan di, atau beroperasi terutamanya dari, ataumenjalankan perniagaan yang penting di, atau memperolehpendapatan yang besar dari, atau yang anak syarikat,syarikat berkaitan atau syarikat bersekutunya memperolehpendapatan yang besar dari Republik Rakyat China (RRC)dan India.PRUlink education equity fund bertujuan untukmemaksimumkan pulangan dalam jangka sederhanahingga panjang dengan mengambil kira keperluan untukmembuat pembayaran terjamin. Ini dicapai dengan melaburdalam saham berkualiti tinggi yang tersenarai di BursaMalaysia dan mana-mana instrumen kewangan lain yangakan digunakan untuk melindung nilai portfolio.PRUlink education bond fund bertujuan untuk menyediakanpengumpulan modal dalam jangka sederhana hinggapanjang dengan mengambil kira keperluan untuk membuatpembayaran terjamin. Ini dicapai dengan melabur dalamsekuriti faedah tetap terpilih, bon korporat dan deposittetap, serta mana-mana instrumen kewangan lain yangakan digunakan untuk melindung nilai portfolio.PRUlink asia equity fund adalah dana yang bertujuan untukmemaksimumkan jumlah pulangan jangka panjang denganmelabur dalam ekuiti dan sekuriti berkaitan ekuiti miliksyarikat-syarikat yang diperbadankan, atau yang kawasanaktiviti utamanya di Asia Pasifik kecuali Jepun. Rantau AsiaPasifik kecuali Jepun termasuklah tetapi tidak terhad kepadanegara-negara berikut: Korea, Taiwan, Hong Kong, Filipina,Thailand, Malaysia, Singapura, Indonesia, Republik RakyatChina (RRC), India, Pakistan, Australia dan New Zealand.Dana ini juga mungkin melabur dalam resit depositori[termasuk Resit Depositori Amerika (ADR) dan ResitDepositori Global (GDR)], sekuriti hutang yang boleh ditukarkepada saham biasa, saham keutamaan dan waran.PRUlink commodity allocator fund ialah dana tertutupselama 3-tahun 9-bulan dengan modal terjamin padakematangan oleh Prudential Assurance Malaysia Berhad.Dana ini dilabur pada deposit berstruktur yang berdasarkanprestasi Deutsche Bank Liquid Commodity Index (“DBLCI”)Allocator 4TM Index. Deposit berstruktur ini memberipeluang kepada pelabur mendedah kepada (1) Sahampendapatan tetap Malaysia dan (2) pelbagai komoditi dibawah strategi panjang dan /atau strategi pasaran neutral.PRUlink commodity allocator fund membayar bonus khasterjamin pada hujung bulan yang ke-18. Ia juga bertujuanuntuk mencapai pulangan tinggi supaya memberi potensipositif, jika ada, dalam bentuk bonus kematangan sementaramelindungi 100% modal pada kematangan.PRUlink commodity allocator fund II ialah dana tertutup3-tahun 9-bulan dengan modal terjamin pada kematanganoleh Prudential Assurance Malaysia Berhad. Dana inidilabur pada deposit berstruktur yang berdasarkan prestasiDeutsche Bank Liquid Commodity Index (“DBLCI”) Allocator4TM Index. Deposit berstruktur ini memberi peluangkepada pelabur mendedah kepada (1) Saham pendapatantetap Malaysia dan (2) pelbagai komoditi di bawah strategipanjang dan / atau strategi pasaran neutral. PRUlinkcommodity allocator fund II membayar bonus khas terjaminpada hujung bulan ke-18. Ia juga bertujuan untuk mencapaipulangan tinggi supaya memberikan potensi positif, jika ada,dalam bentuk bonus kematangan sementara melindungi100% modal pada kematangan.PRUlink MyOptimizer fund ialah dana tertutup 5-tahundengan modal terjamin pada kematangan oleh PrudentialAssurance Malaysia Berhad. Dana ini melabur padadeposit berstruktur dengan memberi peluang kepadapelabur mendedah kepada (1) Saham pendapatan tetapMalaysia dan (2) pelbagai kelas-kelas aset seperti ekuitiglobal, komoditi, bon dan instrumen bagai tunai. PRUlinkMyOptimizer fund bertujuan untuk mencapai pulanganterlaras risiko tertinggi supaya memberi potensi positif, jikaada, dalam dentuk bonus prestasi tahunan kepada pelabursementara melindungai 100% modal pada kematangan.PRUlink dyna growth I/II/III/IV fund melabur dalam depositberstruktur. Deposit berstruktur ini memberikan pelaburpendedahan kepada (1) sekuriti pendapatan tetap Malaysiadan (2) kelas aset yang pelbagai seperti ekuiti global,harta tanah, komoditi, pertukaran asing dan pelaburanalternatif. PRUlink dyna growth funds bertujuan untukmemaksimumkan pulangan terlaras risiko dan meningkatkannilai dana kepada nilai tertinggi seumur hidup apabilamatang.PRUlink money market fund bertujuan untuk mengekalkannilai modal di samping menyediakan pulangan yangsetanding dengan deposit bank jangka pendek. Selaindaripada pendedahan risiko yang minimum, dana ini jugamengekalkan tahap kecairan yang tinggi dengan melaburterutamanya dalam instrumen pasaran wang jangka pendekyang berkualiti tinggi dan berisiko rendah dan sekuritihutang. Walaupun dana ini bertujuan untuk mengekalkannilai pokok, namun keupayaan dana ini untuk memenuhiobjektifnya adalah tidak dijamin.PRUlink Funds 150

Tinjauan PelaburanPasaran Ekuiti TempatanPasaran bermula pada paras yang kukuh dengan FBMKLCI mencecah paras tertinggi baru iaitu 1,574.49 matasebelum menyusut disebabkan pengambilan untungmenjelang Tahun Baru Cina. Bulan Februari dan Macdiselubungi kebimbangan dan tidaktentuan bagi pasaranMalaysia dengan tidakstabilan yang sedang melandarantau Timur Tengah dan Afrika Utara serta kenaikan hargaminyak. Penggal pelaporan korporat Malaysia tidak begitumemberangsangkan dengan lebih banyak kekecewaanberbanding dengan kejutan yang positif. Pada 11 Mac 2011,bencana gempa bumi dan tsunami di Jepun menyebabkanpasaran ekuiti di seluruh dunia mengalami penyesuaiandisebabkan tidaktentuan yang semakin meningkat.Pada suku ke-2 2011, sentimen dalam pasaran ekuitiglobal terus lemah ekoran kemelut hutang Greece. Namunbegitu, pasaran saham Malaysia mencatatkan prestasi yangagak baik, dirangsangkan oleh keterujaan dalam sahamperbankan apabila penggabungan dan pengambilalihan(M&A) menjadi tema pada bulan Jun. Pada bulan Jun juga,penyenaraian pertama kali MSM Holdings pada premium40% pada hari pertama memacu pasaran untuk ditutuplebih tinggi daripada patas tertinggi terdahulu iaitu pada 17Januari 2011.Suku ke-3 2011 bermula dengan hebat bagi KLCI yangmenokok ke paras tertinggi baru pada awal sukuan tersebut.Walau bagaimanapun, pengambilan untung bermula tidaklama kemudian apabila Wall Street dan pasaran Eropahmengalami tekanan jualan berikutan timbulnya semulakebimbangan mengenai masalah hutang mereka. Di AmerikaSyarikat (AS), kita menyaksikan AS kehilangan penarafantiga A buat pertama kali dalam sejarah serta pengumumanpilihan Rizab Persekutuan AS untuk melaksanakan program“Operation Twist” yang menyebabkan pelupusan pelaburanbertempoh 2 tahun dalam mata wang Dolar AS. Kurangnyahala tuju dasar sebagai reaksi kepada krisis hutang Eropahjuga membebani pasaran tempatan. Di dalam negara,pasaran saham menerima kesan buruk daripada perhimpunanjalanan Bersih pada 9 Julai 2011 yang mencetuskan semulakebimbangan terhadap tidaktentuan politik. Sentimen jugaterhakis oleh keputusan korporat yang mengecewakan.Banyak saham permodalan besar Syarikat-syarikat BerkaitanKerajaan (GLC) seperti Tenaga, Axiata, MISC, PetronasChemicals, CIMB, MAS dan Proton melaporkan keputusanyang di bawah jangkaan. Sebaliknya, aktiviti M&A terusmencuri perhatian apabila syarikat dari sektor harta dankewangan mengumumkan potensi tawaran pembelian.KLCI mencatatkan lonjakan kukuh pada awal suku ke-42011 berikutan wujudnya semula keyakinan di Eropah danAS bahawa penyelesaian pasti dicapai bagi krisis hutangdi Eropah hasil daripada sidang kemuncak KesatuanEropah (EU) yang diadakan pada 23 Oktober 2011. Walaubagaimanapun, KLCI kemudiannya mengalami penyesuaianyang besar pada pertengahan bulan November dalamkeadaan tidaktentuan yang semakin meningkat di EUdisebabkan peralihan dalam kerajaan di Itali, Greece danSepanyol, serta kesan penularan yang berpotensi berlaku.Sentimen juga dilemahkan oleh kegagalan “jawatankuasatertinggi’ kongres AS untuk mencapai persetujuanmengenai cara untuk menjimatkan kos sebanyak AS$2.1trilion dalam bajet di mana akan berlaku pemotonganperbelanjaan yang menyeluruh pada tahun 2013. Meskipundilanda kekecewaan daripada Sidang Kemuncak EU pada 9Disember 2011 di mana pelabur mengharapkan penyelesaianyang lebih konkrit kepada krisis hutang Eropah, tetapipasaran disokong oleh aktiviti memperelok akaun (windowdressing). Di dalam negara, penggal pelaporan keputusansuku ke-3 2011 pada umumnya menepati atau di bawahsedikit daripada jangkaan dengan sedikit peningkatan yangmengejutkan. Bajet 2012 yang diumumkan pada 7 Oktober2011 akan lebih banyak memberi manfaat kepada golonganberpendapatan rendah, penjawat awam, sektor penggunadan sektor pendidikan.FBM KLCI ditutup untuk tahun dibawah tinjauan pada paras1,530.73 mata. Ia menokok sedikit sebanyak 0.78% dalamtempoh bawah tinjauan, pada umumnya mengatasi prestasipasaran serantau.Pasaran BonPada 27 Januari 2011, Bank Negara Malaysia (BNM)membuat keputusan untuk mengekalkan Kadar DasarSemalaman (OPR) pada paras 2.75%. JawatankuasaDasar Monetari (MPC) menganggap dasar monetarisemasa sebagai sesuai dan selaras dengan penilaian terkiniPRUlink Funds 151

prospek pertumbuhan ekonomi dan inflasi. SementaraBNM membuat keputusan untuk mengekalkan OPR pada2.75% pada 11 Mac 2011, MPC menyatakan bahawadasar monetari dijangka terus menyokong pertumbuhan,tetapi tahap pelonggaran monetari mungkin dikaji semulamemandangkan pertumbuhan yang berterusan dalamekonomi dan risiko inflasi. BNM juga mengumumkankenaikan Nisbah Keperluan Rizab Berkanun (SRR) daripada1.00% kepada 2.00%, berkuatkuasa 1 April 2011 danmenjelaskan bahawa perubahan SRR bukanlah petandamengenai pendirian dasar monetari tetapi merupakanlangkah awal untuk mengurangkan risiko pertambahankecairan yang disebabkan oleh aliran modal ke dalamekonomi sedang muncul di Asia.Di dalam keadaan pasaran yang berbelah bagi, BNMtelah menaikkan OPR sebanyak 25 mata asas pada Mei2011 kepada 3.00% setelah mengekalkannya dalam4 mesyuarat MPC berturut-turut. Kenyataan DasarMonetari (MPS) menyebut bahawa walaupun pemulihanglobal dijangka berterusan pada tempoh akan datang,namun risiko penurunan telah meningkat disebabkanoleh kemungkinan kenaikan harga tenaga dan komoditi,gangguan bekalan ekoran perkembangan di Jepun danpeningkatan kemeruapan dalam aliran modal ke dalamekonomi yang sedang pesat membangun. Di dalam negara,faktor permintaan boleh mendorong kenaikan harga lagipada separuh kedua 2011. BNM juga telah menaikkanNisbah SRR daripada 2.00% kepada 3.00%, berkuatkuasa16 Mei 2011, sebagai langkah awal untuk menguruskanpertambahan besar kecairan yang boleh mengakibatkanketidakseimbangan kewangan dan menimbulkan risikokepada kestabilan kewangan.Pada mesyuarat MPC pada bulan Julai dan September,BNM membuat keputusan untuk mengekalkan OPR padaparas 3.00% dengan menyatakan bahawa kebimbanganterhadap risiko permintaan luaran boleh memperlahankanmomentum eksport. BNM menjangkakan inflasi akan terusstabil sepanjang tahun kerana inflasi tolakan kos dijangkameningkat secara beransur-ansur. Nisbah SRR juga dinaikkandaripada 3.00% kepada 4.00% pada bulan Julai.Pada mesyuarat MPC pada 11 November 2011, BNMmengekalkan OPR pada paras 3.0%, dengan menyatakanbahawa walaupun ekonomi Malaysia dijangka berkembang,namun perkembangan luaran yang lebih lemah bolehmenjejaskan prospek pertumbuhan keseluruhan ekonomidomestik. Inflasi dijangka akan terus stabil sepanjang tahundan akan menurun pada tahun 2012 nanti.Dalam tempoh tinjauan, kadar hasil bon kerajaan asingbertempoh 3-, 5- dan 10 tahun masing-masing berubahsebanyak -13 mata asas, -12 mata asas dan -31 mata asasuntuk ditutup pada paras 2.98%, 3.22% dan 3.69%. Bonkerajaan melonjak pada separuh tahun kedua tersebutapabila BNM mengekalkan OPR pada paras 3.00%,menyebut ramalan masa depan ekonomi global dandomestik yang lemah serta inflasi yang sederhana.Kadar hasil bon korporat pada umumnya seiring dengankadar hasil bon kerajaan asing walaupun agak ketinggalan.Aktiviti dalam pasaran bon korporat disokong oleh kecairanyang melimpah dan persekitaran kredit yang bertambahbaik.PRUlink Funds 152

Prestasi DanaPRUlink equity fundPada 30 Disember 2011, Nilai Aset Bersih seunit PRUlinkequity fund ialah RM3.319 berbanding dengan RM3.189pada akhir tahun 2010. Bagi tempoh dalam tinjauan, prestasidana ini sebanyak +4.08% mengatasi prestasi penanda arassebanyak +1.94%.Sejak dimulakan pada Julai 1997, dana ini mencapaipeningkatan keseluruhan +231.93% berbanding denganprestasi penanda aras sebanyak +55.78%, sekali gusmengatasi penanda aras sebanyak +176.16%.PRUlink bond fundPada 30 Disember 2011, Nilai Aset Bersih seunit PRUlinkbond fund meningkat kepada RM2.568 daripada RM2.437pada akhir tahun 2010, mencatatkan pulangan sebanyak+5.38% bagi tahun ini berbanding dengan pulanganpenanda aras sebanyak +3.04% dalam tempoh yangsama.Sejak dilancarkan pada 15 Julai 1997, dana ini mencapaipeningkatan sebanyak +156.75%.PRUlink managed fundPada 30 Disember 2011, Nilai Aset Bersih seunit PRUlinkmanaged fund ialah RM2.765 berbanding dengan RM2.674pada akhir tahun 2010. Bagi tempoh dalam tinjauan,PRUlink managed fund melaporkan pulangan sebanyak3.44% yang mengatasi prestasi pulangan penanda arassebanyak +2.46%.Sejak dimulakan pada 14 September 1999, dana inimencatatkan peningkatan sebanyak +176.55%.PRUlink managed fund IIPada 30 Disember 2011, Nilai Aset Bersih seunit PRUlinkmanaged fund II ialah RM1.705 berbanding denganRM1.639 pada akhir tahun 2010. Bagi tempoh dalamtinjauan, PRUlink managed fund II melaporkan pulangansebanyak +4.04%, sekali gus mengatasi pulangan penandaaras sebanyak +2.31%.Sejak dimulakan pada Ogos 2006, dana ini mencatatkanpeningkatan sebanyak +70.51%.PRUlink golden equity fundPada 30 Disember 2011, Nilai Aset Bersih seunit PRUlinkgolden equity fund ialah RM1.302 berbanding denganRM1.252 pada akhir tahun 2010. Bagi tempoh 1 tahun,dana ini mencatatkan pulangan sebanyak +3.98%, sekaligus mengatasi prestasi pulangan penanda aras sebanyak+1.94%.Sejak dimulakan pada 19 November 2007, dana inimencatatkan pulangan sebanyak +30.17%.PRUlink golden bond fundPada 30 Disember 2011, Nilai Aset Bersih seunit PRUlinkgolden bond fund ialah RM1.191 berbanding denganRM1.135 pada akhir tahun 2010. Dana ini mencatatkanpeningkatan sebanyak +4.92%, sekali gus mengatasiprestasi pulangan penanda aras sebanyak +3.04% dalamtempoh yang sama.Sejak dimulakan pada 19 November 2007, dana inimencatatkan peningkatan sebanyak +19.06%.PRUlink dana unggulPRUlink dana unggul menutup tahun 2011 pada parasRM2.557 berbanding dengan RM2.367 pada akhir tahun2010. Bagi tempoh dalam tinjauan, prestasi dana inisebanyak +8.04% mengatasi prestasi pulangan penandaaras sebanyak +2.41%.Sejak dilancarkan pada 1 Ogos 2000, dana ini mencatatkanpulangan sebanyak +155.69%.PRUlink dana amanPada 30 Disember 2011, Nilai Aset Bersih seunit PRUlinkdana urus meningkat kepada RM1.928 daripada RM1.835pada akhir tahun 2010, sekali gus mencatatkan pulangansebanyak +5.07% bagi tahun ini berbanding denganpulangan penanda aras sebanyak +3.04%.Sejak dilancarkan pada 1 Ogos 2000, dana ini mencapaipeningkatan sebanyak +91.88%.PRUlink Funds 153

PRUlink dana urusPada 30 Disember 2011, Nilai Aset Bersih seunit PRUlinkdana urus ialah RM2.331 berbanding dengan RM2.197pada akhir tahun 2010. Bagi tempoh bawah kajian, prestasidana ini sebanyak +6.09% mengatasi prestasi pulanganpenanda aras sebanyak +2.81%.Sejak dimulakan, dana ini mencatatkan peningkatansebanyak +132.78%.PRUlink dana urus IIPada 30 Disember 2011, Nilai Aset Bersih seunit PRUlinkdana urus II ialah RM1.668 berbanding dengan RM1.555pada akhir tahun 2010. Bagi tempoh bawah kajian, prestasidana ini sebanyak +7.31% mengatasi prestasi pulanganpenanda aras sebanyak +2.70%.Sejak dimulakan pada 1 Ogos 2006, dana ini mencatatkanpulangan sebanyak 66.83%.PRUlink asia managed fundPRUlink asia managed fund menutup tahun 2011 padaparas RM1.136 berbanding dengan RM1.287 pada akhirtahun 2010. Bagi tempoh bawah kajian, dana ini melaporkanpulangan sebanyak -11.74%, sekali gus mencatatkanprestasi yang lebih rendah daripada penanda aras sebanyak-8.36%.Sejak dimulakan pada 30 November 2005, dana inimencatatkan pulangan sebanyak +13.63%.PRUlink asia property securities fundPada 30 Disember 2011, Nilai Aset Bersih seunit PRUlink asiaproperty securities fund ialah RM0.784 berbanding denganRM0.821 setahun lalu. Bagi tempoh bawah kajian, danaini mencatatkan pulangan sebanyak -4.50%, sekali gusmencatatkan prestasi yang lebih rendah daripada pulanganpenanda aras sebanyak -2.40%.Sejak dimulakan pada 12 Februari 2008, dana inimencatatkan pulangan sebanyak -21.60%.PRUlink asia local bond fundPada 30 Disember 2011, Nilai Aset Bersih seunit PRUlinkasia local bond fund ialah RM1.341, meningkat daripadaRM1.258 pada tahun 2010. Bagi tempoh dalam tinjauan,dana ini mencatatkan pulangan sebanyak +6.62%, sekaligus mencatatkan prestasi yang lebih rendah daripadapulangan penanda aras sebanyak +7.75%.Sejak dimulakan pada 16 September 2008, dana inimencatatkan pulangan sebanyak +34.12%.PRUlink global market navigator fundPada 30 Disember 2011, Nilai Aset Bersih seunit PRUlinkglobal market navigator fund ialah RM1.102, susut daripadaRM1.161 setahun lalu. Bagi tempoh dalam tinjauan, danaini mencatatkan pulangan sebanyak -5.06% berbandingdengan pulangan penanda aras sebanyak +3.04%.Sejak dimulakan pada 16 September 2008, dana inimencatatkan pulangan sebanyak 10.24%.PRUlink dragon peacock fundPada 30 Disember 2011, Nilai Aset Bersih seunit PRUlinkdragon peacock fund ialah RM0.8206 berbanding denganRM1.096 pada akhir tahun 2010. Bagi tempoh dalamtinjauan, dana ini mencatatkan pulangan sebanyak -25.11%berbanding dengan pulangan penanda aras sebanyak-25.75%.Sejak dimulakan pada 20 Januari 2010, dana ini mencatatkanpulangan sebanyak -17.94%.PRUlink education equity fundPada 30 Disember 2011, Nilai Aset Bersih seunit PRUlinkeducation equity fund ialah RM1.220, meningkat +3.98%daripada RM1.173 pada akhir tahun 2010. Penanda arasdana ini mencatatkan pulangan sebanyak +1.94% dalamtempoh yang sama.Dana ini mencatatkan pulangan sebanyak 21.98% sejak iadimulakan pada 10 Mac 2010.PRUlink Funds 154

PRUlink education bond fundPada 30 Disember 2011, Nilai Aset Bersih seunit PRUlinkeducation bond fund ialah RM1.094 berbanding denganRM1.043 pada akhir tahun 2010. Dana ini mencatatkanpulangan sebanyak +4.92% berbanding dengan pulanganpenanda aras sebanyak +3.04% dalam tempoh yangsama.Dana ini melonjak 9.42% sejak ia dimulakan pada 10 Mac2010.PRUlink asia equity fundPada 30 Disember 2011, Nilai Aset Bersih seunit PRUlink asiaequity fund ialah RM0.857 berbanding dengan RM1.062pada akhir tahun 2010. Bagi tempoh dalam tinjauan,prestasi dana ini sebanyak -19.31% adalah lebih rendahdaripada prestasi penanda aras sebanyak -14.73%.Sejak dimulakan pada 17 September 2010, dana inimencatatkan prestasi sebanyak -14.30%.PRUlink MyOptimizer fundPada 30 Disember 2011, Nilai Aset Bersih PRUlinkMyOptimizer fund ialah RM0.954, mencatatkan pulangansebanyak –0.63% sejak ia dimulakan pada 30 Disember2010.PRUlink commodity allocator fundPada 30 Disember 2011, Nilai Aset Bersih PRUlink commodityallocator fund ialah RM0.977, mencatatkan pulangansebanyak +1.50% sejak ia dimulakan pada 4 April 2011.PRUlink commodity allocator fund IIPada 30 Disember 2011, Nilai Aset Bersih PRUlinkcommodity allocator fund ialah RM0.983, mencatatkanpulangan sebanyak +1.84% sejak ia dimulakan pada 21Julai 2011.PRUlink dyna growth I fundPada 30 Disember 2011, Nilai Aset Bersih PRUlink dynagrowth I fund ialah RM0.934, mencatatkan pulangansebanyak –6.57% sejak ia dimulakan pada 22 Ogos 2011.PRUlink dyna growth II fundPada 30 Disember 2011, Nilai Aset Bersih PRUlink dynagrowth II fund ialah RM0.897, mencatatkan pulangansebanyak -10.30% sejak ia dimulakan pada 22 Ogos 2011.PRUlink dyna growth III fundPada 30 Disember 2011, Nilai Aset Bersih PRUlink dynagrowth III fund ialah RM0.876, mencatatkan pulangansebanyak –12.38% sejak ia dimulakan pada 22 Ogos2011.PRUlink dyna growth IV fundPada 30 Disember 2011, Nilai Aset Bersih PRUlink dynagrowth IV fund ialah RM0.876, mencatatkan pulangansebanyak –12.36% sejak ia dimulakan pada 22 Ogos2011.PRUlink money market fundNilai Aset Bersih seunit bagi PRUlink money market fundialah RM1.005 pada hujung tahun 2011. Sejak dimulakanpada 4 November 2011, dana ini mencatatkan prestasi+0.46% berbandibng dengan penanda aras +0.52%.Sumber: Lipper for Investment Management, Bloomberg,Eastspring Investment BerhadPRUlink Funds 155

Tinjauan Masa Depan PelaburanEkuiti TempatanTahun 2012 akan terus berdepan dengan banyakketidaktentuan, dengan isu-isu tahun 2011 yang belumselesai berlanjutan ke tahun 2012, dan pasaran terpaksamenerima kemeruapan tambahan yang berpotensi berlakudari aspek politik kerana banyak negara akan mengadakanpilihan raya dalam tahun tersebut yang mungkin akanmenyebabkan perubahan dalam dasar dan hala tuju.Di dalam negara, Malaysia akan terus menggunakanpetunjuk berkenaan dengan persekitaran luaran. Kamimenjangkakan perbelanjaan pengguna akan terus agakberdaya tahan buat masa ini apabila “habuan” daripadaBajet 2012 yang akan berkuatkuasa pada 1 Jan 2012,seperti kenaikan gaji 7-13% dan bayaran sekali gus untukkakitangan kerajaan. Pemangkin untuk beberapa bulan akandatang ialah kemungkinan Pilihan Raya Umum diadakan.Tahun 2012 berpotensi untuk menyaksikan, antara lainnya,penyenaraian unit penjagaan kesihatan Khazanah dan FeldaGlobal Ventures. M&A juga akan terus menjadi tema padatahun 2012.Sementara kami mempercayai bahawa pertumbuhanperolehan korporat mungkin menghampiri paras terendah,kami juga tetap berhati-hati tentang ekuiti Malaysia dalammelangkah ke tahun 2012 memandangkan tidaktentuanglobal yang begitu ketara.Ketidakstabilan global pada masa ini akan mengambil masayang agak lama untuk diselesaikan dan berkemungkinanakan menjadi lebih rumit lagi, dalam bentuk perubahanpolitik memandangkan banyak pilihan raya dijadualkan diseluruh dunia pada tahun 2012. Walau bagaimanapun,peristiwa ini mewujudkan peluang untuk mencatatkanprestasi yang tinggi dalam jangka panjang.Kami terus mengutamakan strategi pelaburan bawah keatas bagi tempoh akan datang di mana pemilihan sahamdan peruntukan aset secara bertaktik akan memacu prestasidana yang tinggi. Kami akan terus mencari syarikat yangmempunyai kestabilan dalam perolehan, daya saing dalampasaran tempatan atau luar negara, telus dan mengamalkantadbir urus korporat yang baik.BonPada mesyuarat MPC pada 31 Januari 2012, Bank NegaraMalaysia membuat keputusan untuk mengekalkanKadar Dasar Semalaman (OPR) pada paras 3.0%, sambilmengulangi bahawa perkembangan luaran yang lebih lemahboleh menjejaskan keseluruhan prospek pertumbuhanekonomi domestik. Dengan inflasi dijangka turun padatahun 2012, kami berpandangan bahawa OPR mempunyaikebarangkalan untuk meturun pada tahun 2012.Nilai Ringgit turun naik pada kebelakangan ini disebabkanpeningkatan pengelakan risiko apabila krisis hutang Eropahberlanjutan dan ini dijangka berterusan dalam tempohterdekat ini.Penawaran dan aktiviti dalam bon korporat dijangkameningkat apabila penerbit mengambil kesempatandaripada paras kadar faedah yang rendah untuk menambahdana.Pasaran bon terus disokong oleh kecairan domestik yangmemadai dan persekitaran kredit yang bertambah baik.Asia Pasifik Kecuali JepunPasaran memulakan tahun 2011 dalam rentak yang positifdisokong oleh optimisme bahawa ekonomi global berada dilandasan pemulihan. Kemudian berlaku beberapa peristiwa,iaitu kenaikan harga minyak, pergolakan politik di AfrikaUtara dan Timur Tengah serta kejadian gempa bumi yangdahsyat di Jepun segera menghakis keyakinan.Dalam tahun itu, pelabur terpaksa bergelut dengankebimbangan tentang pertumbuhan Amerika Syarikat (AS)dan masalah fiskal, krisis hutang Eropah yang semakin parah,inflasi yang lebih tinggi dan jangkaan kenaikan kadar faedahdi Asia. Kebimbangan bahawa China mungkin mengalamipenguncupan ketara yang drastik disebabkan pengetatandasar yang melampau juga mempengaruhi sentimen.Menjelang akhir tahun itu, kebanyakan pasaran ekuiti dirantau Asia Pasifik kecuali Jepun berjaya meningkatkankeuntungan, sekaligus menutup sebahagian besar kerugianPRUlink Funds 156

yang dicatatkan pada bulan November. Langkah Chinamengurangkan nisbah keperluan rizabnya untuk bank buatpertama kali sejak tahun 2008 dan tindakan terselaras olehenam bank pusat dunia mengurangkan kos pembiayaanuntuk pemberi pinjaman Eropah membantu melonjakkanpasaran. Siri data ekonomi AS yang memberangsangkantelah menambah keyakinan dan meredakan kebimbanganbuat sementara bahawa krisis hutang Eropah akanmenghakis pertumbuhan global.Namun begitu, tahun tersebut diselubungi oleh ketidakstabilanpasaran yang memuncak apabila pelabur berubahubahdi antara mod “ambil risiko” dan “elak risiko”. IndeksMSCI Asia kecuali Jepun mencatatkan penurunan 17.98%.Prestasi pasaran India adalah tercorot di antara negara-negaraserantaunya disebabkan isu-isu seperti inflasi, kekurangantindakan dasar dan ekonomi yang perlahan. Tekanan inflasiyang berterusan mencetuskan siri kenaikan kadar oleh BankRizab India. Ekoran itu, angka pertumbuhan ekonomi telahditurunkan beberapa kali dalam tahun tersebut. Sebaliknya,pasaran ekuiti negara-negara Asia Tenggara sepertiMalaysia, Filipina dan Indonesia, muncul sebagai pasaranyang mencatatkan prestasi paling cemerlang dengan kadarinflasi di bawah zon sasaran bank pusatnya.Tinjauan Masa DepanTahun 2012 bermula dengan beberapa prestasi pasaranyang menggalakkan, dicetuskan oleh data ekonomi AS danChina yang lebih baik daripada jangkaan. Tetapi barangkaliterlalu awal untuk mengatakan bahawa ia mewakili satutrend. Faktor yang memburukkan lagi kemeruapan tahun2011, iaitu isu hutang kerajaan asing dan perbankan Eropahserta kebimbangan terhadap pertumbuhan sedikit sebanyakmasih lagi ada.Penilaian ekuiti di kebanyakan pasaran menunjukkanbahawa kebanyakan berita buruk telah diambil kira dalamjualan pasaran pada suku ke-3 2011. Pada keseluruhannya,nilai memang nampaknya semakin jelas tetapi ini turutdiiringi risikonya; faktor yang merapuhkan keyakinansepanjang beberapa tahun lalu masih boleh mencetuskanjualan lagi.Asia pula akan terus berdaya tahan walaupun turutterjejas oleh kemelut ekonomi yang teruk. Kami percayakebimbangan terhadap kemungkinan berlakunyapenguncupan ekonomi yang drastik di China adalahberlebih-lebih kerana rangka tindakan kerajaan bagipertumbuhan terus diorientasikan ke arah meningkatkanpenggunaan, dan ia mempunyai banyak kuasa fiskal untukmerangsangkan ekonomi jika perlu.Walaupun pasaran dijangka terus tidak stabil, pertumbuhanekonomi di rantau ini dijangka mengatasi pasaran majudalam jangka sederhana dan sebilangan besar syarikat Asiayang kami melabur terus menikmati keadaan perniagaanyang baik. Oleh yang demikian, kami akan terus memberifokus kepada pendekatan bawah ke atas untuk mencarisaham yang terkurang nilai.GLOBALPasaran global menyaksikan suasana yang tidak menentupada tahun 2011. Meskipun awal tahun bermula dengankukuh, pasaran dilanda kenaikan harga minyak semasapergolakan politik di Afrika Utara dan Timur Tengah sertakejadian gempa bumi yang dahsyat di Jepun.Kurangnya hala tuju dasar sebagai reaksi kepada krisishutang Eropah menjejaskan sentimen dalam pasaran global.Para penggubal dasar di Eropah, dengan idea dan latarbelakang yang bertentangan, tidak sependapat bagaimanakrisis di negara-negara Eropah dapat diselesaikan.Beban krisis hutang kerajaan asing tidak terbatas di Eropahsahaja. Pada bulan Julai, kebuntuan politik mengenaikenaikan had maksimum hutang Amerika Syarikat (AS)PRUlink Funds 157

hampir mengheret ekonomi terbesar dunia itu ke kancahkegagalan teknikal dan mendorong S&P menurunkanpenarafan AAA negara tersebut. Walau bagaimanapun, siridata ekonomi AS yang memberangsangkan meningkatkanoptimisme dan meredakan sementara kebimbangan bahawakrisis hutang Eropah akan menghakis pertumbuhan global.Ekuiti global mengakhiri tahun itu lebih rendah denganIndeks MSCI World merosot sebanyak 7.62%. Pasaran majuseperti AS pada umumnya mencatatkan prestasi yang lebihtinggi daripada pasaran Asia.Tinjauan Masa DepanRisiko makro mungkin akan terus menyebabkan penurunanharga di pasaran pada tahun 2012. Ketidaktentuan yangberterusan mengenai krisis hutang kerajaan asing Eropah,kedudukan ekonomi AS dan kadar pertumbuhan ekonomidi China menunjukkan bahawa data yang akan datang danaliran berita lain masih boleh menyebabkan kemeruapanyang besar dalam pasaran.Terbitan hutang berstruktur dan heretan fiskal dalamekonomi Barat dijangka menjadi rintangan utama bagipertumbuhan global. Eropah tidak menunjukkan banyaktanda untuk mencapai sebarang penyelesaian yang cepatdan bersih kepada krisis hutang kerajaan asing; proses yanglama dan berpanjangan dijangka berlaku kerana kebuntuanpolitik mungkin akan menjadi penghalang kepada sebarangtindakan dasar yang muktamad dan bersepadu.Sehubungan itu, data ekonomi, terutamanya dari AS danChina meningkat tanpa disangka. Namun begitu, mungkinterlalu awal untuk mengatakan bahawa ia mewakili satutrend.Tindakan dasar akan terbukti lebih penting dari sebelumnyauntuk mendorong harga aset dan penilaian; bukan sahaja diEropah atau AS, bahkan juga pendirian dasar kewangan didunia sedang muncul.Berlatarbelakangkan suasana ini, Pengurus Dana akan terusmemberi tumpuan kepada pendekatan bawah ke atasdalam mencari saham terkurang nilai.PRUlink Funds 158

Sorotan KewanganJadual Prestasi Perbandingan Bagi Tahun Kewangan Berakhir 31 DisemberPRUlink equity fundKategori2011%2010%2009%2008%2007%EkuitiBahan BinaanKonglomeratPembinaanBarang PenggunaPerbankan & KewanganPerjudianPerusahaanPerkilanganMediaMotorMinyak & GasPerladanganKuasaHartaTeknologiTelekomunikasiPerkayuanPengangkutanAir0.376.162.583.0320.698.171.320.020.841.0312.455.603.134.770.6614.12-1.720.1086.760.577.075.283.0629.268.651.670.161.141.685.197.015.103.161.0612.31-2.500.2395.110.109.372.710.9825.5712.092.85-2.491.652.798.176.301.700.9110.710.021.670.4190.510.198.702.921.6520.5311.141.41-2.301.335.306.616.152.530.619.190.043.340.0884.011.2313.574.882.3717.8614.391.07-2.623.058.531.447.114.330.885.340.184.000.2193.07Tunai dan DepositAset LainJumlah LiabilitiJumlah14.130.22(1.11)100.005.660.32(1.09)100.009.230.98(0.72)100.0017.180.98(2.17)100.007.012.21(2.29)100.00PRUlink Funds 159

Jadual Prestasi Perbandingan Bagi Tahun Kewangan Berakhir 31 DisemberPRUlink equity fundKategori2011%2010%2009%2008%2007%Jumlah Nilai Aset Bersih (RM)Unit dalam EdaranNAB Seunit (RM)NAB Tertinggi Seunit (RM)NAB Terendah Seunit (RM)Jumlah Pulangan (+)- Pertumbuhan Modal- Agihan Pendapatan5,331,302,1101,606,185,1613.3193.3822.9054.08%-4,878,213,3631,529,617,6133.1893.1982.57121.34%-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%-Pulangan Tahunan Purata - Dana (+)TempohSatu tahunTiga tahunLima tahun4.08%21.63%9.58%Pulangan Tahunan Purata - Penanda Aras: Indeks FTSEBursa Malaysia Top 100 (FBM100)TempohSatu tahunTiga tahunLima tahun1.94%21.62%7.55%PRUlink Funds 160

Prestasi PRUlink equity fund(Sejak Dimulakan)PRUlink equity fund berbanding Indeks FTSE Bursa Malaysia Top 100 (FBM100)250.00%250.00%230.00%230.00%210.00%190.00%170.00%PEFIndeks FBM100210.00%190.00%170.00%150.00%150.00%130.00%130.00%% Perubahan SD110.00%90.00%70.00%50.00%30.00%110.00%90.00%70.00%50.00%30.00%10.00%10.00%0.00%0.00%(10.00%)(10.00%)(30.00%)(30.00%)(50.00%)(50.00%)(70.00%)(70.00%)(90.00%)(90.00%)Jul97Ogos98Sep99Okt00Nov01Jan03Feb04Mac05Apr06Mei07Jun08Jul09Ogos10Sep11Tarikh+ Pulangan Dana dikira berdasarkan lima tempat perpuluhanHarga unit Dana mungkin turun dan juga naik dan angka prestasi lepas yang ditunjukkan bukan indikatif prestasi masa depan.PRUlink Funds 161

Jadual Prestasi Perbandingan Bagi Tahun Kewangan Berakhir 31 DisemberPRUlink bond fundKategori2011%2010%2009%2008%2007%Sekuriti Pendapatan Tetap:- Bon/Sekuriti Korporat- Sijil Deposit Boleh NiagaTunai dan DepositAset LainJumlah LiabilitiJumlah84.90-14.700.87(0.47)100.0091.100.498.230.79(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)100.00Jumlah Nilai Aset Bersih (RM)Unit dalam EdaranNAB Seunit (RM)NAB Tertinggi Seunit (RM)NAB Terendah Seunit (RM)Jumlah Pulangan (+)- Pertumbuhan Modal- Agihan Pendapatan1,506,193,723586,581,1602.5682.5682.4365.38%-1,035,786,244425,071,2982.4372.4352.3065.74%-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%-Pulangan Tahunan Purata - Dana (+)TempohSatu tahunTiga tahunLima tahun5.38%5.78%4.83%Pulangan Tahunan Purata-Penanda Aras: Kadar Deposit TetapTingkat 1 Maybank 12 BulanTempohSatu tahunTiga tahunLima tahun3.04%2.77%3.14%PRUlink Funds 162

Prestasi PRUlink bond fund(Sejak Dimulakan)PRUlink bond fund berbanding Kadar Deposit Tetap Tingkat 1 Maybank 12 Bulan175.00%175.00%155.00%135.00%115.00%PBFKadar DT T1MBB 12B155.00%135.00%115.00%% Perubahan SD95.00%75.00%95.00%75.00%55.00%55.00%35.00%35.00%15.00%15.00%(5.00%)(5.00%)Jul97Ogos98Sep99Okt00Nov01Jan03Feb04Mac05Apr06Mei07Jun08Jul09Ogos10Sep11Tarikh+ Pulangan Dana dikira berdasarkan lima tempat perpuluhanHarga unit Dana mungkin turun dan juga naik dan angka prestasi lepas yang ditunjukkan bukan indikatif prestasi masa depan.PRUlink Funds 163

Jadual Prestasi Perbandingan Bagi Tahun Kewangan Berakhir 31 DisemberPRUlink managed fundKategori2011%2010%2009%2008%2007%Pelaburan dalam -PRUlink equity fundPRUlink bond fundTunai dan DepositAset LainJumlah LiabilitiJumlah62.9537.05---100.0073.9226.08---100.0071.3028.70---100.0064.6635.34---100.0075.8224.18---100.00Jumlah Nilai Aset Bersih (RM)Unit dalam EdaranNAB Seunit (RM)NAB Tertinggi Seunit (RM)NAB Terendah Seunit (RM)Jumlah Pulangan (+)- Pertumbuhan Modal- Agihan Pendapatan1,463,691,529529,277,4492.7652.8062.5333.44%-1,339,546,299501,044,2752.6742.6772.26116.59%-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%-Pulangan Tahunan Purata - Dana (+)TempohSatu tahunTiga tahunLima tahun3.44%15.98%7.80%Pulangan Tahunan Purata-Penanda Aras: 70% Indeks FTSE Bursa MalaysiaTop 100 (FBM 100) + 30% Kadar Deposit Tetap Tingkat 1 Maybank 12 BulanTempohSatu tahunTiga tahunLima tahun2.46%15.86%6.51%PRUlink Funds 164

Prestasi PRUlink managed fund(Sejak Dimulakan)PRUlink managed fund berbanding 70% FBM100 + 30% Kadar Deposit Tetap Tingkat 1 Maybank 12 Bulan200.00%200.00%180.00%160.00%140.00%PMF70% FBM100 + 30%Kadar DT T1 MBB 12B180.00%160.00%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%)SepAprNovJunJanOgosMacOktMeiDisJulFebSepAprNovJunJanOgosMacOktMeiDis99000001020203030404050606070708090910101111Tarikh+ Pulangan Dana dikira berdasarkan lima tempat perpuluhanHarga unit Dana mungkin turun dan juga naik dan angka prestasi lepas yang ditunjukkan bukan indikatif prestasi masa depan.PRUlink Funds 165

Jadual Prestasi Perbandingan Bagi Tahun Kewangan Berakhir 31 DisemberPRUlink managed fund IIKategori2011%2010%2009%2008%2007%Pelaburan dalam -PRUlink equity fundPRUlink bond fundTunai dan DepositAset LainJumlah LiabilitiJumlah73.1326.87---100.0082.9117.09---100.0081.4218.58---100.0076.2623.74---100.0083.0416.96---100.00Jumlah Nilai Aset Bersih (RM)Unit dalam EdaranNAB Seunit (RM)NAB Tertinggi Seunit (RM)NAB Terendah Seunit (RM)Jumlah Pulangan (+)- Pertumbuhan Modal- Agihan Pendapatan406,270,008238,271,3481.7051.7261.5424.04%-304,142,421185,582,5661.6391.6411.36018.50%-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%-Pulangan Tahunan Purata - Dana (+)TempohSatu tahunTiga tahunLima tahun4.04%18.22%8.64%Pulangan Tahunan Purata-Penanda Aras: 80% Indeks FTSE Bursa Malaysia(FBMT 100) + 20% Kadar Deposit Tetap Tingkat 1 Maybank 12 BulanTempohSatu tahunTiga tahunLima tahun2.31%17.77%6.88%PRUlink Funds 166

Prestasi PRUlink managed fund II(Sejak Dimulakan)PRUlink managed fund II berbanding 80% FBM100 + 20% Kadar Deposit Tetap Tingkat 1 Maybank 12 Bulan90.00%90.00%70.00%PMF280% FBM100 + 20%Kadar DT T1 MBB 12B70.00%% Perubahan SD50.00%30.00%50.00%30.00%10.00%10.00%(10.00%)(10.00%)Ogos 06 Apr 07 Dis 07 Ogos 08 Apr 09 Dis 09 Ogos 10 Apr 11 Dis 11Tarikh+ Pulangan Dana dikira berdasarkan lima tempat perpuluhanHarga unit Dana mungkin turun dan juga naik dan angka prestasi lepas yang ditunjukkan bukan indikatif prestasi masa depan.PRUlink Funds 167

Jadual Prestasi Perbandingan Bagi Tahun Kewangan Berakhir 31 DisemberPRUlink golden equity fundKategori2011%2010%2009%2008%2007%Pelaburan dalam -PRUlink equity fundTunai di BankAset LainJumlah LiabilitiJumlah100.00---100.0099.990.01--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 Pendapatan139,790,024107,389,4661.3021.3261.1393.98%-109,840,80787,742,7021.2521.2541.00821.45%-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 tahun3.98%21.63%6.65%Pulangan Tahunan Purata-Penanda Aras: Indeks FTSE Bursa MalaysiaTop 100 (FBM 100)TempohSatu tahunTiga tahunLima tahun1.94%21.62%2.72%PRUlink Funds 168

Prestasi PRUlink golden equity fund(Sejak Dimulakan)PRUlink golden equity fund berbanding Indeks FTSE Bursa Malaysia (FBM 100)40.00%40.00%30.00%20.00%PGEIndeks FBM10030.00%20.00%10.00%10.00%% Perubahan SD0.00%(10.00%)0.00%(10.00%)(20.00%)(20.00%)(30.00%)(30.00%)(40.00%)(40.00%)(50.00%)(50.00%)Nov07Jun08Jan09Ogos09Mac10Okt10Mei11Dis11Tarikh+ Pulangan Dana dikira berdasarkan lima tempat perpuluhanHarga unit Dana mungkin turun dan juga naik dan angka prestasi lepas yang ditunjukkan bukan indikatif prestasi masa depan.PRUlink Funds 169

Jadual Prestasi Perbandingan Bagi Tahun Kewangan Berakhir 31 DisemberPRUlink golden bond fundKategori2011%2010%2009%2008%2007%Pelaburan dalam -PRUlink bond fundTunai di BankAset LainJumlah LiabilitiJumlah100.00---100.00100.00---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 Pendapatan338,728,479284,508,7701.1911.1911.1354.92%-249,642,277220,001,9511.1351.1351.0805.13%-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 tahun4.92%5.25%4.35%Pulangan Tahunan Purata-Penanda Aras: Kadar Deposit Tetap Tingkat 1 Maybank 12 BulanTempohSatu tahunTiga tahunLima tahun3.04%2.77%3.08%PRUlink Funds 170

Prestasi PRUlink golden bond fund(Sejak Dimulakan)PRUlink golden bond fund berbanding Kadar Deposit Tetap Tingkat 1 Maybank 12 Bulan25.00%25.00%20.00%PGBKadar DT T1 MBB 12B20.00%15.00%15.00%% Perubahan SD10.00%10.00%5.00%5.00%0.00%0.00%(5.00%)Nov 07 Jun 08 Jan 09 Ogos 09 Mac 10 Okt 10 Mei 11 Dis 11(5.00%)Tarikh+ Pulangan Dana dikira berdasarkan lima tempat perpuluhanHarga unit Dana mungkin turun dan juga naik dan angka prestasi lepas yang ditunjukkan bukan indikatif prestasi masa depan.PRUlink Funds 171

Jadual Prestasi Perbandingan Bagi Tahun Kewangan Berakhir 31 DisemberPRUlink dana unggulKategori2011%2010%2009%2008%2007%EkuitiBahan BinaanKonglomeratPembinaanBarang PenggunaKewanganPerusahaanPerkilanganMediaMotorMinyak & GasPerladanganKuasaHartaTeknologiTelekomunikasiPerkayuanPengangkutanAir0.936.916.544.900.430.850.250.101.4116.5210.535.313.590.7627.37-2.71-89.112.2510.8613.822.310.141.651.090.101.839.1312.758.607.020.4317.52-5.99-95.483.2813.377.663.110.435.90--1.595.7414.5910.475.050.6313.12-3.740.7289.401.524.2312.702.440.202.07-0.630.9013.7912.990.213.93-9.79-5.029.0379.455.1115.828.612.98-4.90-1.503.859.967.548.506.522.166.310.795.792.0692.40Tunai dan DepositAset LainJumlah LiabilitiJumlah12.450.10(1.66)100.005.620.54(1.64)100.0010.860.83(1.09)100.0020.283.15(2.88)100.007.191.56(1.15)100.00PRUlink Funds 172

Jadual Prestasi Perbandingan Bagi Tahun Kewangan Berakhir 31 DisemberPRUlink dana unggulKategori2011%2010%2009%2008%2007%Jumlah Nilai Aset Bersih (RM)Unit dalam EdaranNAB Seunit (RM)NAB Tertinggi Seunit (RM)NAB Terendah Seunit (RM)Jumlah Pulangan (+)- Pertumbuhan Modal- Agihan Pendapatan476,257,918186,266,5582.5572.5572.1998.04%-404,622,738170,971,0172.3672.3841.95018.10%-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%-Pulangan Tahunan Purata - Dana (+)TempohSatu tahunTiga tahunLima tahun8.04%21.00%8.78%Pulangan Tahunan Purata-Penanda Aras: Indeks FTSE-BursaMalaysia Emas Shariah (FBMSHA)TempohSatu tahunTiga tahunLima tahun2.41%20.08%7.04%PRUlink Funds 173

Prestasi PRUlink dana unggul(Sejak Dimulakan)PRUlink dana unggul berbanding Indeks FTSE-Bursa Malaysia Emas Shariah (FBMSHA)160.00%160.00%140.00%120.00%PDUFBMSHA140.00%120.00%100.00%100.00%% Perubahan SD80.00%60.00%40.00%80.00%60.00%40.00%20.00%20.00%0.00%0.00%(20.00%)(20.00%)(40.00%)(40.00%)Ogos00Apr01Dis01Ogos02Apr03Dis03Ogos04Apr05Dis05Ogos06Apr07Dis07Ogos08Apr09Dis09Ogos10Apr11Dis11Tarikh+ Pulangan Dana dikira berdasarkan lima tempat perpuluhanHarga unit Dana mungkin turun dan juga naik dan angka prestasi lepas yang ditunjukkan bukan indikatif prestasi masa depan.PRUlink Funds 174

Jadual Prestasi Perbandingan Bagi Tahun Kewangan Berakhir 31 DisemberPRUlink dana amanKategori2011%2010%2009%2008%2007%Sekuriti Pendapatan Tetap:- Bon/Sekuriti KorporatTunai dan DepositAset LainJumlah LiabilitiJumlah83.5516.580.70(0.83)100.0089.4510.440.68(0.57)100.0094.055.960.83(0.84)100.0075.0324.961.06(1.05)100.0090.309.600.99(0.89)100.00Jumlah Nilai Aset Bersih (RM)Unit dalam EdaranNAB Seunit (RM)NAB Tertinggi Seunit (RM)NAB Terendah Seunit (RM)Jumlah Pulangan (+)- Pertumbuhan Modal- Agihan Pendapatan81,094,20142,065,6571.9281.9281.8335.07%-56,965,61131,048,4841.8351.8331.7335.89%-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%-Pulangan Tahunan Purata - Dana (+)TempohSatu tahunTiga tahunLima tahun5.07%5.51%4.58%Pulangan Tahunan Purata-Penanda Aras: Kadar DepositTetap Tingkat 1 Maybank 12 BulanTempohSatu tahunTiga tahunLima tahun3.04%2.77%3.14%PRUlink Funds 175

Prestasi PRUlink dana aman(Sejak Dimulakan)PRUlink dana aman berbanding Kadar Deposit Tetap Tingkat 1 Maybank 12 Bulan100.00%100.00%80.00%PDAKadar DT T1 MBB 12B80.00%% Perubahan SD60.00%40.00%60.00%40.00%20.00%20.00%0.00%0.00%Ogos00Apr01Dis01Ogos02Apr03Dis03Ogos04Apr05Dis05Ogos06Apr07Dis07Ogos08Apr09Dis09Ogos10Apr11Dis11Tarikh+ Pulangan Dana dikira berdasarkan lima tempat perpuluhanHarga unit Dana mungkin turun dan juga naik dan angka prestasi lepas yang ditunjukkan bukan indikatif prestasi masa depan.PRUlink Funds 176

Jadual Prestasi Perbandingan Bagi Tahun Kewangan Berakhir 31 DisemberPRUlink dana urusKategori2011%2010%2009%2008%2007%Pelaburan dalam -PRUlink dana unggulPRUlink dana amanTunai dan DepositAset LainJumlah LiabilitiJumlah63.2736.73---100.0072.8927.11---100.0070.7929.21---100.0064.4935.51---100.0075.8824.12---100.00Jumlah Nilai Aset Bersih (RM)Unit dalam EdaranNAB Seunit (RM)NAB Tertinggi Seunit (RM)NAB Terendah Seunit (RM)Jumlah Pulangan (+)- Pertumbuhan Modal- Agihan Pendapatan120,239,67451,583,2532.3312.3312.1116.09%-107,985,91349,146,5562.1972.2081.89814.19%-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%-Pulangan Tahunan Purata - Dana (+)TempohSatu tahunTiga tahunLima tahun6.09%15.36%7.16%Pulangan Tahunan Purata-Penanda Aras: 70% Indeks FTSE-Bursa Malaysia EmasShariah (FBMSHA) + 30% Kadar Deposit Tetap Tingkat 1 Maybank 12 BulanTempohSatu tahunTiga tahunLima tahun2.81%14.83%6.20%PRUlink Funds 177

Prestasi PRUlink dana urus(Sejak Dimulakan)PRUlink dana urus berbanding 70% FBMSHA + 30% Kadar Deposit Tetap Tingkat 1 Maybank 12 Bulan160.00%160.00%140.00%120.00%PDUrus70% FBMSHA & 30%Kadar DT T1 MBB 12B140.00%120.00%100.00%100.00%% Perubahan SD80.00%60.00%40.00%80.00%60.00%40.00%20.00%20.00%0.00%0.00%(20.00%)(20.00%)(40.00%)Ogos00Apr01Dis01Ogos02Apr03Dis03Ogos04Apr05Dis05Ogos06Apr07Dis07Ogos08Apr09Dis09Ogos10Apr11Dis11(40.00%)Tarikh+ Pulangan Dana dikira berdasarkan lima tempat perpuluhanHarga unit Dana mungkin turun dan juga naik dan angka prestasi lepas yang ditunjukkan bukan indikatif prestasi masa depan.PRUlink Funds 178

Jadual Prestasi Perbandingan Bagi Tahun Kewangan Berakhir 31 DisemberPRUlink dana urus IIKategori2011%2010%2009%2008%2007%Pelaburan dalam -PRUlink dana unggulPRUlink dana amanTunai dan DepositAset LainJumlah LiabilitiJumlah73.2126.79---100.0082.2517.75---100.0081.1218.88---100.0076.3523.65---100.0083.1816.82---100.00Jumlah Nilai Aset Bersih (RM)Unit dalam EdaranNAB Seunit (RM)NAB Tertinggi Seunit (RM)NAB Terendah Seunit (RM)Jumlah Pulangan (+)- Pertumbuhan Modal- Agihan Pendapatan34,271,84320,542,8731.6681.6681.4907.31%-23,580,78215,168,4771.5551.5631.31915.79%-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%-Pulangan Tahunan Purata - Dana (+)TempohSatu tahunTiga tahunLima tahun7.31%17.67%8.07%Pulangan Tahunan Purata-Penanda Aras: 80% Indeks FTSE-Bursa Malaysia EmasShariah (FBMSHA) + 20% Kadar Deposit Tetap Tingkat 1 Maybank 12 BulanTempohSatu tahunTiga tahunLima tahun2.70%16.58%6.51%PRUlink Funds 179

Prestasi PRUlink dana urus II(Sejak Dimulakan)PRUlink dana urus II berbanding 80% FBMSHA + 20% Kadar Deposit Tetap Tingkat 1 Maybank 12 Bulan80.00%80.00%60.00%60.00%% Perubahan SD40.00%20.00%40.00%20.00%0.00%PDUrus280% FBMSHA & 20%Kadar DT T1 MBB 12B0.00%(20.00%)(20.00%)Ogos06Dis06Apr07Ogos07Dis07Apr08Ogos08Dis08Apr09Ogos09Dis09Apr10Ogos10Dis10Apr11Ogos11Dis11Tarikh+ Pulangan Dana dikira berdasarkan lima tempat perpuluhanHarga unit Dana mungkin turun dan juga naik dan angka prestasi lepas yang ditunjukkan bukan indikatif prestasi masa depan.PRUlink Funds 180

Jadual Prestasi Perbandingan Bagi Tahun Kewangan Berakhir 31 DisemberPRUlink asia managed fundKategori2011%2010%2009%2008%2007%Pelaburan dalam -Asian Equity FundAsian Bond FundTunai di BankAset LainJumlah LiabilitiJumlah63.8036.511.00-(1.31)100.0075.4328.160.23-(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)100.00Jumlah Nilai Aset Bersih (RM)Unit dalam EdaranNAB Seunit (RM)NAB Tertinggi Seunit (RM)NAB Terendah Seunit (RM)Jumlah Pulangan (+)- Pertumbuhan Modal- Agihan Pendapatan193,768,310170,529,0961.1361.3071.064(11.74%)-241,982,226187,961,2551.2871.3111.0984.56%-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%-Pulangan Tahunan Purata - Dana (+)TempohSatu tahunTiga tahunLima tahun(11.74%)13.47%0.14%Pulangan Tahunan Purata-Penanda Aras: 70% Indeks MSCI Asia Ex-Japan + 30% Indeks JP Morgan Asia CreditTempohSatu tahunTiga tahunLima tahun(8.36%)15.04%2.43%PRUlink Funds 181

PRUlink asia managed fund Performance(Sejak Dimulakan)PRUlink asia managed fund berbanding 70% Indeks MSCI Asia Ex-Japan + 30% Indeks JP Morgan Asia Credit80.00%80.00%60.00%60.00%40.00%40.00%% Perubahan SD20.00%0.00%20.00%0.00%AMF(20.00%)70% MSCI & 30% JPMorgan(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 Mei 11 Nov 11(40.00%)Tarikh+ Pulangan Dana dikira berdasarkan lima tempat perpuluhanHarga unit Dana mungkin turun dan juga naik dan angka prestasi lepas yang ditunjukkan bukan indikatif prestasi masa depan.PRUlink Funds 182

Jadual Prestasi Perbandingan Bagi Tahun Kewangan Berakhir 31 DisemberASIAN EQUITY FUNDPecahan Mata Wang2011%2010%2009%2008%2007%Dolar AustraliaBaht ThailandDolar Hong KongRupee IndiaRupiah IndonesiaRinggit MalaysiaDolar Baru TaiwanPeso FilipinaDolar SingapuraDolar ASWon KoreaTunai dan Kesetaraan TunaiJumlah-2.6835.5410.223.723.8813.890.485.731.5020.921.44100.00-2.9534.0912.653.243.2714.280.885.022.3320.800.49100.00-2.9935.5112.924.322.2215.011.194.793.1815.362.52100.00-3.6435.677.835.441.4914.183.094.963.0218.931.75100.003.004.2234.714.631.133.223.0218.063.470.3621.192.99100.00Kategori2011%2010%2009%2008%2007%EkuitiAuto - Komponen AutoAutomobil & KomponenBankKilang Bir & Riadah & HotelBangunan & PembinaanBahan BinaanKimia & FarmaseutikalBatu Arang1.771.3616.58--2.372.451.692.41--0.812.25-3.51----1.041.381.631.33--2.072.791.150.96-2.30----1.083.95---PRUlink Funds 183

Jadual Prestasi Perbandingan Bagi Tahun Kewangan Berakhir 31 DisemberASIAN EQUITY FUNDKategori2011%2010%2009%2008%2007%EkuitiPerkhidmatan PerdaganganKomputer & PerisianPerkhidmatan Kewangan PelbagaiOperasi TerpelbagaiPeralatan Elektronik & ElektrikTenagaKejuruteraanEkuitiIndustri EkstraktifKewanganMakanan & Tekstil & PakaianPenjagaan KesihatanSyarikat Pemegangan-PelbagaiInsuransBesi / KeluliPenginapanPerkilanganBahanMedia & PenerbitanPerlombongan2.344.906.66-7.09-5.53---0.680.924.882.232.302.121.00--1.340.698.17-1.999.848.765.293.935.3916.591.940.773.405.83--1.05---1.194.73-3.1113.419.222.143.364.5620.331.362.262.443.41--1.67----1.45-2.6712.983.24--4.2619.682.83--2.10--5.270.431.47--1.40-1.3018.344.36-3.858.2017.931.77--2.67--3.92---PRUlink Funds 184

Jadual Prestasi Perbandingan Bagi Tahun Kewangan Berakhir 31 DisemberASIAN EQUITY FUNDKategori2011%2010%2009%2008%2007%EkuitiMinyak & GasFarmaseutikalHartaKemudahan AwamHarta TanahREITRuncitHakSemikonduktorTelekommunikasiPengangkutan & TelekomunikasiPengangkutanTembakauWaranLain-lainTunai dan Kesetaraan TunaiJumlah4.141.25--4.810.892.58-8.497.37-0.82---98.561.44100.00--1.65-3.04-3.59-2.061.105.44--0.01-99.510.49100.00--3.50-2.62-3.65-2.042.864.23----97.482.52100.00--8.751.771.31-4.09---14.27-2.42--98.251.75100.00--8.501.461.63-1.870.04--11.41-1.73-1.6397.012.99100.00Nota: Asian Equity Fund diuruskan oleh Eastspring Investments (Singapore) Ltd (dahulunya dikenali sebagai Prudential Asset Management (Singapore) Ltd).PRUlink Funds 185

Jadual Prestasi Perbandingan Bagi Tahun Kewangan Berakhir 31 DisemberASIAN BOND FUNDPecahan Mata Wang2011%2010%2009%2008%2007%Yuan Renminbi ChinaDolar Hong KongRupiah IndonesiaWon KoreaRinggit MalaysiaPeso FilipinaDolar ASTunai dan Kesetaraan TunaiJumlah0.52---0.220.5091.557.21100.000.11---0.320.8895.673.02100.00----0.39-99.61-100.00-1.190.19-0.45-98.17-100.00-2.061.042.971.690.5290.341.38100.00Kategori2011%2010%2009%2008%2007%Sekuriti Pendapatan Tetap:Bon Boleh TukarBon KorporatBon KerajaanBil PerbendaharaanBerkaitan Gadai JanjiDeposit BermasaTunai dan Kesetaraan TunaiJumlah-62.8229.750.22--7.21100.00-68.2228.380.38--3.02100.00-72.4921.53-0.762.812.41100.00-71.7818.12-0.846.292.97100.001.0181.1410.68-0.844.951.39100.00Nota: Asian Bond Fund diuruskan oleh Eastspring Investments (Singapore) Ltd (dahulunya dikenali sebagai Prudential Asset Management (Singapore) Ltd).PRUlink Funds 186

Jadual Prestasi Perbandingan Bagi Tahun Kewangan Berakhir 31 DisemberPRUlink asia property securities fundKategori2011%2010%2009%2008%Pelaburan dalam -Asian Property Securities FundTunai di BankAset LainJumlah LiabilitiJumlah101.020.05-(1.07)100.00102.150.010.23(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 Pendapatan17,797,68622,700,7870.7840.8440.745(4.50%)-21,375,31526,038,1450.8210.8170.66712.05%-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 tahun(4.50%)12.89%tiadaPulangan Tahunan Purata-Penanda Aras: MSCI AC Asia Pacific REITTempohSatu tahunTiga tahunLima tahun(2.40%)10.23%tiadaPRUlink Funds 187

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 Jul 08 Dis 08 Mei 09 Okt 09 Mac 10 Ogos 10 Jan 11 Jun 11 Nov 11(60.00%)Tarikh+ Pulangan Dana dikira berdasarkan lima tempat perpuluhanHarga unit Dana mungkin turun dan juga naik dan angka prestasi lepas yang ditunjukkan bukan indikatif prestasi masa depan.PRUlink Funds 188

Jadual Prestasi Perbandingan Bagi Tahun Kewangan Berakhir 31 DisemberASIAN PROPERTY SECURITIES FUNDPecahan Mata Wang2011%2010%2009%2008%Dolar AustraliaBaht ThailandDolar Hong KongRinggit MalaysiaDolar SingapuraYen JepunRupiah IndonesiaPeso FilipinaTunai dan Kesetaraan TunaiJumlah40.521.9419.302.4512.8017.271.571.402.75100.0042.191.479.384.6519.3320.131.33-1.52100.0041.211.1914.495.6618.6415.30--3.51100.0031.962.659.1310.7114.7126.84--4.00100.00PRUlink Funds 189

Jadual Prestasi Perbandingan Bagi Tahun Kewangan Berakhir 31 DisemberASIAN PROPERTY SECURITIES FUNDKategori2011%2010%2009%2008%Ekuiti:Kilang Bir & Riadah & HotelOperasi TerpelbagaiEkuitiKewanganSyarikat Pemegangan-PelbagaiAmanah PelaburanHartaHarta TanahREITRuncitDana TertutupDana MutualTunai dan Kesetaraan TunaiJumlah----1.89--18.2975.13-1.94-2.75100.00--9.221.12--83.244.61-0.29--1.52100.00-1.441.180.98--91.751.14----3.51100.001.28--2.74-9.5459.542.91-17.35-2.654.00100.00Nota: Asian Property Securities Fund diuruskan oleh Eastspring Investments (Singapore) Ltd (dahulunya dikenali sebagai Prudential Asset Management (Singapore) Ltd).PRUlink Funds 190

Jadual Prestasi Perbandingan Bagi Tahun Kewangan Berakhir 31 DisemberPRUlink asia local bond fundKategori2011%2010%2009%2008%Pelaburan dalam -Asian Local Bond FundTunai di BankAset LainJumlah LiabilitiJumlah101.720.11-(1.83)100.00102.180.11-(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 Pendapatan6,825,3785,089,1251.3411.3531.2356.62%-3,520,3492,798,6661.2581.2931.2113.49%-1,316,5211,083,1841.2151.2211.00217.72%-878,436850,8151.0321.0320.9573.25%-Pulangan Tahunan Purata - Dana (+)TempohSatu tahunTiga tahunLima tahun6.62%9.11%tiadaPulangan Tahunan Purata-Penanda Aras: Indeks Komposit Khas HSBCTempohSatu tahunTiga tahunLima tahun7.75%5.24%tiadaPRUlink Funds 191

Prestasi PRUlink asia local bond fund(Sejak Dimulakan)PRUlink asia local bond fund berbanding Indeks Komposit Khas HSBC36.00%36.00%32.00%28.00%ALBFHSBC CI32.00%28.00%24.00%24.00%% Perubahan SD20.00%16.00%12.00%20.00%16.00%12.00%8.00%8.00%4.00%4.00%0.00%0.00%(4.00%)Sep08Dis08Mac09Jun09Sep09Dis09Mac10Jun10Sep10Dis10Mac11Jun11Sep11Dis11(4.00%)Tarikh+ Pulangan Dana dikira berdasarkan lima tempat perpuluhanHarga unit Dana mungkin turun dan juga naik dan angka prestasi lepas yang ditunjukkan bukan indikatif prestasi masa depan.PRUlink Funds 192

Jadual Prestasi Perbandingan Bagi Tahun Kewangan Berakhir 31 DisemberASIAN LOCAL BOND FUNDPecahan Mata Wang2011%2010%2009%2008%Ringgit MalaysiaDolar SingapuraDolar ASDolar Hong KongPeso FilipinaDolar TaiwanBaht ThailandRupiah IndonesiaWon KoreaYuan Renminbi ChinaRupee IndiaTunai dan Kesetaraan TunaiJumlah9.3117.247.7710.666.22-7.4312.7618.960.455.184.02100.009.7416.757.8210.504.558.917.0912.0918.690.03-3.83100.009.1215.376.9211.595.409.615.6512.1920.09--4.06100.007.8518.187.0011.815.637.364.1710.4424.08--3.47100.00Kategori2011%2010%2009%2008%Sekuriti Pendapatan Tetap:Bon KorporatBon KerajaanBon Boleh TukarDeposit BermasaBerkaitan Gadai JanjiTunai dan Kesetaraan TunaiJumlah28.5466.260.90-0.284.02100.0026.0669.86--0.253.83100.0025.3070.63---4.06100.0024.8069.16-2.57-3.47100.00Nota: Asian Local Bond Fund diuruskan oleh Eastspring Investments (Singapore) Ltd (dahulunya dikenali sebagai Prudential Asset Management (Singapore) Ltd).PRUlink Funds 193

Jadual Prestasi Perbandingan Bagi Tahun Kewangan Berakhir 31 DisemberPRUlink global market navigator fundKategori2011%2010%2009%2008%Pelaburan dalam -Global Market Navigator FundTunai di BankAset LainJumlah LiabilitiJumlah101.690.06-(1.75)100.00104.660.03-(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 Pendapatan24,262,75122,010,8631.1021.2001.023(5.06%)-33,294,89528,676,5581.1611.1871.050(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(5.06%)1.47%tiadaPulangan Tahunan Purata-Penanda Aras: Kadar Deposit Tetap Tingkat 1 Maybank 12 BulanTempohSatu tahunTiga tahunLima tahun3.04%2.77%tiadaPRUlink Funds 194

Prestasi PRUlink global market navigator fund(Sejak Dimulakan)PRUlink global market navigator fund berbanding Kadar Deposit Tetap Tingkat 1 Maybank 12 Bulan20.00%20.00%18.00%16.00%GMNFKadar DT T1MBB 12M18.00%16.00%14.00%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%Sep08Dis08Mac09Jun09Sep09Dis09Mac10Jun10Sep10Dis10Mac11Jun11Sep11Dis110.00%Tarikh+ Pulangan Dana dikira berdasarkan lima tempat perpuluhanHarga unit Dana mungkin turun dan juga naik dan angka prestasi lepas yang ditunjukkan bukan indikatif prestasi masa depan.PRUlink Funds 195

Jadual Prestasi Perbandingan Bagi Tahun Kewangan Berakhir 31 DisemberGLOBAL MARKET NAVIGATOR FUNDPecahan Mata Wang2011%2010%2009%2008%Dolar AustraliaReal BrazilPound BritishEuroRupiah IndonesiaYen JepunWon KoreaRinggit MalaysiaPeso MexicoPeso FilipinaDolar SingapuraLira TurkiDolar ASTunai dan Kesetaraan TunaiJumlah--16.274.72-5.263.013.032.89---40.2524.57100.00(0.02)-10.35(0.40)-0.07--5.386.20--25.9352.49100.00-4.575.183.194.90-7.72-5.675.93-3.2037.5722.06100.00--13.00-------5.053.3776.562.02100.00PRUlink Funds 196

Jadual Prestasi Perbandingan Bagi Tahun Kewangan Berakhir 31 DisemberGLOBAL MARKET NAVIGATOR FUNDKategori2011%2010%2009%2008%EkuitiDana Didagangkan Di BursaNiaga HadapanBon KerajaanGilt KerajaanAmanah PelaburanDana MutualDeposit BermasaBil PerbendaharaanBon PerbendaharaanTunai dan Kesetaraan TunaiJumlah--0.0821.91--46.03--7.4124.57100.002.00-(0.10)11.584.11-29.92---52.49100.0018.75-7.7536.45-5.189.81---22.06100.00-6.4416.41---26.3133.2715.55-2.02100.00Nota: Global Market Navigator Fund diuruskan oleh Eastspring Investments (Singapore) Ltd (dahulunya dikenali sebagai Prudential Asset Management (Singapore) Ltd).PRUlink Funds 197

Jadual Prestasi Perbandingan Bagi Tahun Kewangan Berakhir 31 DisemberPRUlink dragon peacock fundKategori2011%2010%Pelaburan dalam -Dragon Peacock FundTunai dan DepositAset LainJumlah LiabilitiJumlah99.151.180.82(1.15)100.00100.002.290.29(2.58)100.00Jumlah Nilai Aset Bersih (RM)Unit dalam EdaranNAB Seunit (RM)NAB Tertinggi Seunit (RM)NAB Terendah Seunit (RM)Jumlah Pulangan (+)- Pertumbuhan Modal- Agihan Pendapatan23,965,65129,206,0150.8211.1360.799(25.11%)-24,799,11622,632,3371.0961.1920.9409.57%-Pulangan Tahunan Purata - Dana (+)TempohSatu tahunTiga tahunLima tahun(25.11%)tiadatiadaPulangan Tahunan Purata-Penanda Aras: Indeks 1 50% MSCI China & 50% MSCI IndiaTempohSatu tahunTiga tahunLima tahun(25.75%)tiadatiadaPRUlink Funds 198

Prestasi PRUlink dragon peacock fund(Sejak Dimulakan)PRUlink dragon peacock fund berbanding Indeks 1 50% MSCI China & 50% MSCI India% Perubahan SD16.00%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%)(14.00%)(16.00%)PDPF(18.00%)(20.00%)Indeks 1 50% MSCI China & 50% MSCI India(22.00%)(24.00%)(26.00%)Jan 10 Mac 10 Mei 10 Jul 10 Sep 10 Nov 10 Jan 11 Mac 11 Mei 11 Jul 11 Sep 11 Nov 1116.00%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%)(14.00%)(16.00%)(18.00%)(20.00%)(22.00%)(24.00%)(26.00%)Tarikh+ Pulangan Dana dikira berdasarkan lima tempat perpuluhanHarga unit Dana mungkin turun dan juga naik dan angka prestasi lepas yang ditunjukkan bukan indikatif prestasi masa depan.PRUlink Funds 199

Jadual Prestasi Perbandingan Bagi Tahun Kewangan Berakhir 31 DisemberDRAGON PEACOCK FUNDPecahan Mata Wang2011%2010%Dolar Hong KongRupee IndiaDolar ASTunai dan Kesetaraan TunaiJumlah48.6947.243.480.59100.0043.7047.175.193.94100.00Kategori2011%2010%PengiklananAngkasa Lepas & Pengangkutan UdaraOperasi PertanianAuto - Komponen AutoPerkilangan AutoBankBangunan & PembinaanBahan BinaanKimia & FarmaseutikalBatu ArangPerkhidmatan PerdaganganKomputer & PerisianKosmetik/Penjagaan DiriPerkhidmatan Kewangan TerpelbagaiElektrikPeralatan Elektronik & Elektrik1.87-1.88-4.0420.16-2.515.612.760.758.802.544.911.68--2.141.235.11--1.68-4.89--11.08---2.27PRUlink Funds 200

Jadual Prestasi Perbandingan Bagi Tahun Kewangan Berakhir 31 DisemberDRAGON PEACOCK FUNDKategori2011%2010%TenagaEkuitiIndustri EkstraktifKewanganGasSyarikat Pemegangan-PelbagaiInsuransInternetBesi/KeluliPerkilanganPembuatan PelbagaiMediaPerlombonganMinyak & GasHartaHarta TanahRuncitTelekomunikasiPengangkutanPengangkutan & TelekomunikasiTunai dan Kesetaraan TunaiJumlah----1.590.244.001.611.19-0.901.262.3513.90-3.180.7710.410.50-0.59100.0014.155.835.2822.04--2.45--4.28---1.171.722.83-4.14-3.773.94100.00Nota: Dragon Peacock Fund diuruskan oleh Eastspring Investments (Singapore) Ltd (dahulunya dikenali sebagai Prudential Asset Management (Singapore) Ltd) dan disub-uruskan olehEastspring Investments (HK) Ltd (dahulunya dikenali sebagai Prudential Asset Management (HK) Ltd).PRUlink Funds 201

Jadual Prestasi Perbandingan Bagi Tahun Kewangan Berakhir 31 DisemberPRUlink education equity fundKategori2011%2010%Pelaburan dalam -PRUlink equity fundTunai dan DepositAset LainJumlah LiabilitiJumlah100.00---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 Pendapatan468,705384,2381.2201.2431.0673.98%-148,669126,7321.1731.1750.96117.31%-Pulangan Tahunan Purata - Dana (+)TempohSatu tahunTiga tahunLima tahun3.98%tiadatiadaPulangan Tahunan Purata-Penanda Aras: Indeks FTSE Bursa Malaysia Top 100 (FBM 100)TempohSatu tahunTiga tahunLima tahun1.94%tiadatiadaPRUlink Funds 202

Prestasi PRUlink education equity fund(Sejak Dimulakan)PRUlink education equity fund berbanding Indeks FTSE Bursa Malaysia Top 100 (FBM100)% Perubahan SD30.00%28.00%26.00%24.00%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%)EDUEIndeks-FBM100Feb 10 Apr 10 Jun 10 Ogos 10 Okt 10 Dis 10 Feb 11 Apr 11 Jun 11 Ogos 11 Okt 11 Dis 1130.00%28.00%26.00%24.00%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%)Tarikh+ Pulangan Dana dikira berdasarkan lima tempat perpuluhanHarga unit Dana mungkin turun dan juga naik dan angka prestasi lepas yang ditunjukkan bukan indikatif prestasi masa depan.PRUlink Funds 203

Jadual Prestasi Perbandingan Bagi Tahun Kewangan Berakhir 31 DisemberPRUlink education bond fundKategori2011%2010%Pelaburan dalam -PRUlink bond fundTunai dan DepositAset LainJumlah LiabilitiJumlah100.00---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 Pendapatan764,551698,7481.0941.0941.0434.92%-241,361231,4441.0431.0431.0004.29%-Pulangan Tahunan Purata - Dana (+)TempohSatu tahunTiga tahunLima tahun4.92%tiadatiadaPulangan Tahunan Purata-Penanda Aras: Kadar Deposit Tetap Tingkat 1 Maybank 12 BulanTempohSatu tahunTiga tahunLima tahun3.04%tiadatiadaPRUlink Funds 204

Prestasi PRUlink education bond fund(Sejak Dimulakan)PRUlink education bond fund berbanding Kadar Deposit Tetap Tingkat 1 Maybank 12 Bulan10.00%10.00%EDUBKadar DT T1 MBB 12M7.50%7.50%% Perubahan SD5.00%5.00%2.50%2.50%0.00%Feb 10 Apr 10 Jun 10 Ogos 10 Okt 10 Dis 10 Feb 11 Apr 11 Jun 11 Ogos 11 Okct 11 Dis 110.00%Tarikh+ Pulangan Dana dikira berdasarkan lima tempat perpuluhanHarga unit Dana mungkin turun dan juga naik dan angka prestasi lepas yang ditunjukkan bukan indikatif prestasi masa depan.PRUlink Funds 205

Jadual Prestasi Perbandingan Bagi Tahun Kewangan Berakhir 31 DisemberPRUlink asia equity fundKategori2011%2010%Pelaburan dalam -Asian Equity FundTunai dan DepositAset LainJumlah LiabilitiJumlah98.903.441.07(3.41)100.0097.584.542.37(4.49)100.00Jumlah Nilai Aset Bersih (RM)Unit dalam EdaranNAB Seunit (RM)NAB Tertinggi Seunit (RM)NAB Terendah Seunit (RM)Jumlah Pulangan (+)- Pertumbuhan Modal- Agihan Pendapatan11,775,82513,741,2390.8571.0780.789(19.31%)-7,215,0486,793,4981.0621.0750.9996.21%-Pulangan Tahunan Purata - Dana (+)TempohSatu tahunTiga tahunLima tahun(19.31%)tiadatiadaPulangan Tahunan Purata-Penanda Aras: Indeks MSCI Asia Ex-JapanTempohSatu tahunTiga tahunLima tahun(14.73%)tiadatiadaPRUlink Funds 206

Prestasi PRUlink asia equity fund(Sejak Dimulakan)PRUlink asia equity fund berbanding Indeks MSCI Asia Ex-Japan% Perubahan SD20.00%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%)(14.00%)(16.00%)(18.00%)PAEFIndeks MSCI Asia Ex-JapanOgos 10 Okt 10 Dis 10 Feb 11Apr 11 Jun 11 Ogos 11 Okt 11Dis 1120.00%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%)(14.00%)(16.00%)(18.00%)Tarikh+ Pulangan Dana dikira berdasarkan lima tempat perpuluhanHarga unit Dana mungkin turun dan juga naik dan angka prestasi lepas yang ditunjukkan bukan indikatif prestasi masa depan.PRUlink Funds 207

Jadual Prestasi Perbandingan Bagi Tahun Kewangan Berakhir 31 DisemberASIAN EQUITY FUNDPecahan Mata Wang2011%2010%Baht ThailandDolar Hong KongRupee IndiaRupiah IndonesiaRinggit MalaysiaDolar Baru TaiwanPeso FilipinaDolar SingapuraDolar ASWon KoreaTunai dan Kesetaraan TunaiJumlah2.6835.5410.223.723.8813.890.485.731.5020.921.44100.002.9534.0912.653.243.2714.280.885.022.3320.800.49100.00Kategori2011%2010%EkuitiAuto - Komponen AutoAutomobil & KomponenBankKilang Bir & Riadah & HotelBangunan & PembinaanBahan BinaanKimia & FarmaseutikalBatu ArangPerkhidmatan PerdaganganKomputer & Perisian1.771.3616.58--2.372.451.692.344.902.41--0.812.25-3.51-0.698.17PRUlink Funds 208

Jadual Prestasi Perbandingan Bagi Tahun Kewangan Berakhir 31 DisemberASIAN EQUITY FUNDKategori2011%2010%EkuitiPerkhidmatan Kewangan PelbagaiOperasi PelbagaiPeralatan Elektronik & ElektrikTenagaKejuruteraanEkuitiIndustri EkstraktifKewanganMakanan & Tekstil & PakaianPenjagaan KesihatanSyarikat Pemegangan-PelbagaiInsuransBesi / KeluliPenginapanPerkilanganPerlombonganMinyak & GasFarmaseutikalHartaHarta TanahREITRuncitSemikonduktorTelekommunikasiPengangkutan & TelekomunikasiPengangkutanWaranTunai dan Kesetaraan TunaiJumlahNota: Asian Equity Fund diuruskan oleh Eastspring Investments (Singapore) Ltd (dahulunya dikenali sebagai Prudential Asset Management (Singapore) Ltd).6.66-7.09-5.53---0.680.924.882.232.302.121.001.344.141.25-4.810.892.588.497.37-0.82-98.561.44100.00-1.999.848.765.293.935.3916.591.940.773.405.83--1.05---1.653.04-3.592.061.105.44-0.0199.510.49100.00PRUlink Funds 209

Jadual Prestasi Perbandingan Bagi Tahun Kewangan Berakhir 31 DisemberPRUlink MyOptimizer fundKategori2011%2010%Pelaburan dalam -Produk BerstrukturTunai di BankAset LainJumlah LiabilitiJumlah99.950.040.05(0.04)100.00100.00-100.00(100.00)100.00Jumlah Nilai Aset Bersih (RM)Unit dalam EdaranNAB Seunit (RM)NAB Tertinggi Seunit (RM)NAB Terendah Seunit (RM)Jumlah Pulangan (+)- Pertumbuhan Modal- Agihan Pendapatan47,752,09050,055,0000.9540.9800.946(0.63%)-48,052,80050,055,0000.9600.9600.960--Pulangan Tahunan Purata - Dana (+)TempohSatu tahunTiga tahunLima tahun(0.63%)tiadatiadatiadatiadatiadaPRUlink Funds 210

Prestasi PRUlink MyOptimizer fund(Sejak Dimulakan)PRUlink MyOptimizer fund3.00%3.00%2.50%2.50%2.00%2.00%1.50%1.50%% Perubahan SD1.00%0.50%1.00%0.50%0.00%0.00%(0.50%)(0.50%)(1.00%)(1.00%)(1.50%)(1.50%)Dis10Jan11Feb11Mac11Apr11Mei11Jun11Jul11Ogos11Sep11Okt11Nov11Dis11Tarikh+ Pulangan Dana dikira berdasarkan lima tempat perpuluhanHarga unit Dana mungkin turun dan juga naik dan angka prestasi lepas yang ditunjukkan bukan indikatif prestasi masa depan.PRUlink Funds 211

Jadual Prestasi Perbandingan Bagi Tempoh 9 Bulan Berakhir 31 DisemberPRUlink commodity allocator fundKategori2011%Pelaburan dalam -Produk BerstrukturJumlah LiabilitiJumlahJumlah Nilai Aset Bersih (RM)Unit dalam EdaranNAB Seunit (RM)NAB Tertinggi Seunit (RM)NAB Terendah Seunit (RM)Jumlah Pulangan (+)- Pertumbuhan Modal- Agihan Pendapatan100.13(0.13)100.0054,379,57255,664,0000.9770.9770.9531.50%-Pulangan Tahunan Purata - Dana (+)TempohSejak dimulakanTiga tahunLima tahun1.50%tiadatiadaPRUlink Funds 212

Prestasi PRUlink commodity allocator fund(Sejak Dimulakan)PRUlink commodity allocator fund2.00%2.00%1.50%1.50%1.00%1.00%% Perubahan SD0.50%0.00%0.50%0.00%(0.50%)(0.50%)(1.00%)(1.00%)(1.50%)(1.50%)Apr11May11Jun11Jul11Aug11Sep11Oct11Nov11Dec11Tarikh+ Pulangan Dana dikira berdasarkan lima tempat perpuluhanHarga unit Dana mungkin turun dan juga naik dan angka prestasi lepas yang ditunjukkan bukan indikatif prestasi masa depan.PRUlink Funds 213

Jadual Prestasi Perbandingan Bagi Tempoh 6 Bulan Berakhir 31 DisemberPRUlink commodity allocator II fundKategori2011%Pelaburan dalam -Produk BerstrukturJumlah LiabilitiJumlahJumlah Nilai Aset Bersih (RM)Unit dalam EdaranNAB Seunit (RM)NAB Tertinggi Seunit (RM)NAB Terendah Seunit (RM)Jumlah Pulangan (+)- Pertumbuhan Modal- Agihan Pendapatan100.16(0.16)100.008,554,6458,705,0000.9830.9830.9641.84%-Pulangan Tahunan Purata - Dana (+)TempohSejak dimulakanTiga tahunLima tahun1.84%tiadatiadaPRUlink Funds 214

Prestasi PRUlink commodity allocator II fund(Sejak Dimulakan)PRUlink commodity allocator II fund2.00%2.00%1.50%1.50%% Perubahan SD1.00%1.00%0.50%0.50%0.00%0.00%Jul11Aug11Sep11Oct11Nov11Dec11Tarikh+ Pulangan Dana dikira berdasarkan lima tempat perpuluhanHarga unit Dana mungkin turun dan juga naik dan angka prestasi lepas yang ditunjukkan bukan indikatif prestasi masa depan.PRUlink Funds 215

Jadual Prestasi Perbandingan Bagi Tempoh 5 Bulan Berakhir 31 DisemberPRUlink dyna growth I fundKategori2011%Pelaburan dalam -Produk BerstrukturAset LainJumlahJumlah Nilai Aset Bersih (RM)Unit dalam EdaranNAB Seunit (RM)NAB Tertinggi Seunit (RM)NAB Terendah Seunit (RM)Jumlah Pulangan (+)- Pertumbuhan Modal- Agihan Pendapatan99.810.19100.002,382,7872,550,2900.9341.0000.929(6.57%)-Pulangan Tahunan Purata - Dana (+)TempohSejak dimulakanTiga tahunLima tahun(6.57%)tiadatiadaPRUlink Funds 216

Prestasi PRUlink dyna growth I fund(Sejak Dimulakan)PRUlink dyna growth I fund0.00%0.00%(2.00%)(2.00%)% Perubahan SD(4.00%)(4.00%)(6.00%)(6.00%)(8.00%)(8.00%)Ogos11Sep11Okt11Nov11Dis11Tarikh+ Pulangan Dana dikira berdasarkan lima tempat perpuluhanHarga unit Dana mungkin turun dan juga naik dan angka prestasi lepas yang ditunjukkan bukan indikatif prestasi masa depan.PRUlink Funds 217

Jadual Prestasi Perbandingan Bagi Tempoh 5 Bulan Berakhir 31 DisemberPRUlink dyna growth II fundKategori2011%Pelaburan dalam -Produk BerstrukturAset LainJumlahJumlah Nilai Aset Bersih (RM)Unit dalam EdaranNAB Seunit (RM)NAB Tertinggi Seunit (RM)NAB Terendah Seunit (RM)Jumlah Pulangan (+)- Pertumbuhan Modal- Agihan Pendapatan99.690.31100.002,424,5892,702,9080.8971.0000.888(10.30%)-Pulangan Tahunan Purata - Dana (+)TempohSejak dimulakanTiga tahunLima tahun(10.30%)tiadatiadaPRUlink Funds 218

Prestasi PRUlink dyna growth II fund(Sejak Dimulakan)PRUlink dyna growth II fund0.00%0.00%(2.00%)(2.00%)% Perubahan SD(4.00%)(6.00%)(4.00%)(6.00%)(8.00%)(8.00%)(10.00%)(10.00%)(12.00%)(12.00%)Ogos11Sep11Okt11Nov11Dis11Tarikh+ Pulangan Dana dikira berdasarkan lima tempat perpuluhanHarga unit Dana mungkin turun dan juga naik dan angka prestasi lepas yang ditunjukkan bukan indikatif prestasi masa depan.PRUlink Funds 219

Jadual Prestasi Perbandingan Bagi Tempoh 5 Bulan Berakhir 31 DisemberPRUlink dyna growth III fundKategori2011%Pelaburan dalam -Produk BerstrukturAset LainJumlahJumlah Nilai Aset Bersih (RM)Unit dalam EdaranNAB Seunit (RM)NAB Tertinggi Seunit (RM)NAB Terendah Seunit (RM)Jumlah Pulangan (+)- Pertumbuhan Modal- Agihan Pendapatan99.230.77100.00128,050146,1460.8761.0000.865(12.38%)-Pulangan Tahunan Purata - Dana (+)TempohSejak dimulakanTiga tahunLima tahun(12.38%)tiadatiadaPRUlink Funds 220

Prestasi PRUlink dyna growth III fund(Sejak Dimulakan)PRUlink dyna growth III fund2.00%2.00%0.00%0.00%(2.00%)(2.00%)% Perubahan SD(4.00%)(6.00%)(8.00%)(4.00%)(6.00%)(8.00%)(10.00%)(10.00%)(12.00%)(12.00%)(14.00%)(14.00%)Ogos11Sep11Okt11Nov11Dis11Tarikh+ Pulangan Dana dikira berdasarkan lima tempat perpuluhanHarga unit Dana mungkin turun dan juga naik dan angka prestasi lepas yang ditunjukkan bukan indikatif prestasi masa depan.PRUlink Funds 221

Jadual Prestasi Perbandingan Bagi Tempoh 5 Bulan Berakhir 31 DisemberPRUlink dyna growth IV fundKategori2011%Pelaburan dalam -Produk BerstrukturAset LainJumlahJumlah Nilai Aset Bersih (RM)Unit dalam EdaranNAB Seunit (RM)NAB Tertinggi Seunit (RM)NAB Terendah Seunit (RM)Jumlah Pulangan (+)- Pertumbuhan Modal- Agihan Pendapatan99.160.84100.00107,802123,0120.8761.0000.864(12.36%)-Pulangan Tahunan Purata - Dana (+)TempohSejak dimulakanTiga tahunLima tahun(12.36%)tiadatiadaPRUlink Funds 222

Prestasi PRUlink dyna growth IV fund(Sejak Dimulakan)PRUlink dyna growth IV fund2.00%2.00%0.00%0.00%(2.00%)(2.00%)% Perubahan SD(4.00%)(6.00%)(8.00%)(4.00%)(6.00%)(8.00%)(10.00%)(10.00%)(12.00%)(12.00%)(14.00%)(14.00%)Ogos11Sep11Okt11Nov11Dis11Tarikh+ Pulangan Dana dikira berdasarkan lima tempat perpuluhanHarga unit Dana mungkin turun dan juga naik dan angka prestasi lepas yang ditunjukkan bukan indikatif prestasi masa depan.PRUlink Funds 223

Jadual Prestasi Perbandingan Bagi Tempoh 3 Bulan Berakhir 31 DisemberPRUlink money market fundKategori2011%Pelaburan dalam -Tunai 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 Pendapatan99.400.64(0.04)100.001,156,0881,150,7641.0051.0051.0000.46%-Pulangan Tahunan Purata - Dana (+)TempohSejak dimulakan pada 24 Oktober 2011Tiga tahunLima tahun0.46%tiadatiadaPulangan Tahunan Purata-Penanda Aras: Kadar Deposit Tetap Tingkat 1 Maybank 12 BulanTempohSejak dimulakanTiga tahunLima tahun0.52%tiadatiadaPRUlink Funds 224

Prestasi PRUlink money market fund(Sejak Dimulakan)PRUlink money market fund berbanding Kadar Deposit Tetap Tingkat 1 Maybank 12 Bulan0.60%0.60%0.50%PMMFKadar DT T1 MBB 12M0.50%0.40%0.40%% Perubahan SD0.30%0.20%0.30%0.20%0.10%0.10%0.00%Okt11Nov11Dis110.00%Tarikh+ Pulangan Dana dikira berdasarkan lima tempat perpuluhanHarga unit Dana mungkin turun dan juga naik dan angka prestasi lepas yang ditunjukkan bukan indikatif prestasi masa depan.PRUlink Funds 225

Penyata Aset Dan LiabilitiPenyata Aset Dan Liabiliti Pada 31 Disember 2011PRUlink equity fundRM2011 2010%RM%PelaburanEkuiti4,625,473,27286.764,639,524,10995.11Tunai dan DepositTunai di BankDeposit8,959753,420,0000.0014.139,503276,190,0000.005.66Aset Cukai--1,309,7630.03Aset Lain11,385,1010.2214,267,1430.29Jumlah Aset5,390,287,332101.114,931,300,518101.09Peruntukan Cukai(6,208,411)(0.12)--Peruntukan Cukai Tertunda(47,787,139)(0.90)(53,087,155)(1.09)Liabiliti Lain(4,989,672)(0.09)--Jumlah Liabiliti(58,985,222)(1.11)(53,087,155)(1.09)Nilai Aset Bersih Dana5,331,302,110100.004,878,213,363100.00Dana Pemegang PolisiModalPendapatan Dijana dibawa ke depan3,214,366,4232,116,935,68760.2939.712,961,986,2731,916,227,09060.7239.285,331,302,110100.004,878,213,363100.00Nilai Aset Bersih Seunit (RM)3.3193.189PRUlink Funds 226

Penyata Aset Dan Liabiliti Pada 31 Disember 2011PRUlink bond fundRM2011 2010%RM%PelaburanSekuriti Pendapatan Tetap1,278,737,34784.90948,627,83191.59Tunai dan DepositTunai di BankDeposit6,012221,370,0000.0014.707,70385,200,0000.008.23Aset Lain13,113,1070.878,254,9060.79Jumlah Aset1,513,226,466100.471,042,090,440100.61Peruntukan Cukai(5,151,009)(0.34)(3,512,956)(0.34)Peruntukan Cukai Tertunda(1,881,734)(0.13)(1,117,494)(0.11)Liabiliti Lain--(1,673,746)(0.16)Jumlah Liabiliti(7,032,743)(0.47)(6,304,196)(0.61)Nilai Aset Bersih Dana1,506,193,723100.001,035,786,244100.00Dana Pemegang PolisiModalPendapatan Dijana dibawa ke depan1,274,134,593232,059,13084.5915.41868,158,626167,627,61883.8216.181,506,193,723100.001,035,786,244100.00Nilai Aset Bersih Seunit (RM)2.5682.437PRUlink Funds 227

Penyata Aset Dan Liabiliti Pada 31 Disember 2011PRUlink managed fundRM2011 2010%RM%Pelaburan dalam -PRUlink equity fundPRUlink bond fund921,444,862542,247,65362.9537.05990,186,752349,370,10373.9226.08Jumlah Aset1,463,692,515100.001,339,556,855100.00Liabiliti Lain(986)(0.00)(10,556)(0.00)Jumlah Liabiliti(986)(0.00)(10,556)(0.00)Nilai Aset Bersih Dana1,463,691,529100.001,339,546,299100.00Dana Pemegang PolisiModalPendapatan Dijana dibawa ke depan938,666,997525,024,53264.1335.87862,176,041477,370,25864.3635.641,463,691,529100.001,339,546,299100.00Nilai Aset Bersih Seunit (RM)2.7652.674PRUlink Funds 228

Penyata Aset Dan Liabiliti Pada 31 Disember 2011PRUlink managed fund IIRM2011 2010%RM%Pelaburan dalam -PRUlink equity fundPRUlink bond fund297,128,060109,150,52973.1326.87252,164,61751,986,50182.9117.09Jumlah Aset406,278,589100.00304,151,118100.00Liabiliti Lain(8,581)(0.00)(8,697)(0.00)Jumlah Liabiliti(8,581)(0.00)(8,697)(0.00)Nilai Aset Bersih Dana406,270,008100.00304,142,421100.00Dana Pemegang PolisiModalPendapatan Dijana dibawa ke depan325,845,10280,424,90680.2019.80238,414,61165,727,81078.3921.61406,270,008100.00304,142,421100.00Nilai Aset Bersih Seunit (RM)1.7051.639PRUlink Funds 229

Penyata Aset Dan Liabiliti Pada 31 Disember 2011PRUlink golden equity fundRM2011 2010%RM%Pelaburan dalamPRUlink equity fund139,784,441100.00109,835,22499.99Tunai di Bank5,5830.005,5830.01Jumlah Aset139,790,024100.00109,840,807100.00Liabiliti Lain----Jumlah Liabiliti----Nilai Aset Bersih Dana139,790,024100.00109,840,807100.00Dana Pemegang PolisiModalPendapatan Dijana dibawa ke depan111,918,46327,871,56180.0619.9487,123,50422,717,30379.3220.68139,790,024100.00109,840,807100.00Nilai Aset Bersih Seunit (RM)1.3021.252PRUlink Funds 230

Penyata Aset Dan Liabiliti Pada 31 Disember 2011PRUlink golden bond fundRM2011 2010%RM%Pelaburan dalam -PRUlink bond fund338,736,009100.00249,643,953100.00Tunai di Bank1,7400.001,7400.00Jumlah Aset338,737,749100.00249,645,693100.00Liabiliti Lain(9,270)(0.00)(3,416)(0.00)Jumlah Liabiliti(9,270)(0.00)(3,416)(0.00)Nilai Aset Bersih Dana338,728,479100.00249,642,277100.00Dana Pemegang PolisiModalPendapatan Dijana dibawa ke depan303,524,67135,203,80889.6110.39228,792,29420,849,98391.658.35338,728,479100.00249,642,277100.00Nilai Aset Bersih Seunit (RM)1.1911.135PRUlink Funds 231

Penyata Aset Dan Liabiliti Pada 31 Disember 2011PRUlink dana unggulRM2011 2010%RM%PelaburanEkuiti424,415,78489.11386,325,41295.48Tunai dan DepositTunai di BankDeposit10,68059,310,0000.0012.458,61922,750,0000.005.62Aset Lain475,0900.102,178,5350.54Jumlah Aset484,211,554101.66411,262,566101.64Peruntukan Cukai(1,079,410)(0.22)(1,053,747)(0.26)Peruntukan Cukai Tertunda(3,555,525)(0.74)(3,252,081)(0.80)Liabiliti Lain(3,318,701)(0.70)(2,334,000)(0.58)Jumlah Liabiliti(7,953,636)(1.66)(6,639,828)(1.64)Nilai Aset Bersih Dana476,257,918100.00404,622,738100.00Dana Pemegang PolisiModalPendapatan Dijana dibawa ke depan319,959,198156,298,72067.1832.82282,036,688122,586,05069.7030.30476,257,918100.00404,622,738100.00Nilai Aset Bersih Seunit (RM)2.5572.367PRUlink Funds 232

Penyata Aset Dan Liabiliti Pada 31 Disember 2011PRUlink dana amanRM2011 2010%RM%PelaburanSekuriti Pendapatan Tetap67,752,22983.5550,955,61489.45Tunai dan DepositTunai di BankDeposit12,40213,430,0000.0216.566,2955,940,0000.0110.43Aset Lain573,2690.70386,2750.68Jumlah Aset81,767,900100.8357,288,184100.57Peruntukan Cukai(273,939)(0.34)(177,847)(0.31)Peruntukan Cukai Tertunda(124,068)(0.15)(79,341)(0.14)Liabiliti Lain(275,692)(0.34)(65,385)(0.12)Jumlah Liabiliti(673,699)(0.83)(322,573)(0.57)Nilai Aset Bersih Dana81,094,201100.0056,965,611100.00Dana Pemegang PolisiModalPendapatan Dijana dibawa ke depan68,376,47612,717,72584.3215.6847,485,6959,479,91683.3616.6481,094,201100.0056,965,611100.00Nilai Aset Bersih Seunit (RM)1.9281.835PRUlink Funds 233

Penyata Aset Dan Liabiliti Pada 31 Disember 2011PRUlink dana urusRM2011 2010%RM%Pelaburan dalamPRUlink dana unggulPRUlink dana aman76,079,77144,159,90363.2736.7378,711,97029,274,74572.8927.11Jumlah Aset120,239,674100.00107,986,715100.00Liabiliti Lain--(802)(0.00)Jumlah Liabiliti--(802)(0.00)Nilai Aset Bersih Dana120,239,674100.00107,985,913100.00Dana Pemegang PolisiModalPendapatan Dijana dibawa ke depan83,466,27936,773,39569.4230.5877,948,61430,037,29972.1827.82120,239,674100.00107,985,913100.00Nilai Aset Bersih Seunit (RM)2.3312.197PRUlink Funds 234

Penyata Aset Dan Liabiliti Pada 31 Disember 2011PRUlink dana urus IIRM2011 2010%RM%Pelaburan dalamPRUlink dana unggulPRUlink dana aman25,089,1299,182,91673.2126.7919,394,0574,186,93382.2517.75Jumlah Aset34,272,045100.0023,580,990100.00Liabiliti Lain(202)(0.00)(208)(0.00)Jumlah Liabiliti(202)(0.00)(208)(0.00)Nilai Aset Bersih Dana34,271,843100.0023,580,782100.00Dana Pemegang PolisiModalPendapatan Dijana dibawa ke depan28,235,2246,036,61982.3917.6119,605,0523,975,73083.1416.8634,271,843100.0023,580,782100.00Nilai Aset Bersih Seunit (RM)1.6681.555PRUlink Funds 235

Penyata Aset Dan Liabiliti Pada 31 Disember 2011PRUlink asia managed fundRM2011 2010%RM%Pelaburan dalamAsian Equity FundAsian Bond Fund123,624,00070,735,36563.8036.51182,528,83168,147,63675.4328.16Tunai di Bank1,929,9881.00554,7410.23Jumlah Aset196,289,353101.31251,231,208103.82Peruntukan Cukai(755,716)(0.39)(964,261)(0.40)Peruntukan Cukai Tertunda(340,867)(0.18)(1,721,327)(0.71)Liabiliti Lain(1,424,460)(0.74)(6,563,394)(2.71)Jumlah Liabiliti(2,521,043)(1.31)(9,248,982)(3.82)Nilai Aset Bersih Dana193,768,310100.00241,982,226100.00Dana Pemegang PolisiModalPendapatan Dijana dibawa ke depan189,118,9404,649,37097.602.40210,678,72731,303,49987.0612.94193,768,310100.00241,982,226100.00Nilai Aset Bersih Seunit (RM)1.1361.287PRUlink Funds 236

Penyata Aset Dan Liabiliti Pada 31 Disember 2011PRUlink asia property securities fundRM2011 2010%RM%Pelaburan dalamAsian Property Securities Fund17,979,649101.0221,834,921102.15Tunai di Bank8,9620.052,0050.01Aset Cukai--1,5590.01Aset Cukai Tertunda--47,9930.22Jumlah Aset17,988,611101.0721,886,478102.39Peruntukan Cukai(15,632)(0.09)--Peruntukan Cukai Tertunda(11,540)(0.06)--Liabiliti Lain(163,753)(0.92)(511,163)(2.39)Jumlah Liabiliti(190,925)(1.07)(511,163)(2.39)Nilai Aset Bersih Dana17,797,686100.0021,375,315100.00Dana Pemegang PolisiModalPendapatan Dijana dibawa ke depan18,425,920(628,234)103.53(3.53)21,084,301291,01498.641.3617,797,686100.0021,375,315100.00Nilai Aset Bersih Seunit (RM)0.7840.821PRUlink Funds 237

Penyata Aset Dan Liabiliti Pada 31 Disember 2011PRUlink asia local bond fundRM2011 2010%RM%Pelaburan dalamAsian Local Bond Fund6,942,437101.723,596,956102.18Tunai di Bank7,6850.114,0560.11Jumlah Aset6,950,122101.833,601,012102.29Peruntukan Cukai(2,097)(0.03)(17,266)(0.49)Peruntukan Cukai Tertunda(21,543)(0.32)(8,491)(0.24)Liabiliti Lain(101,104)(1.48)(54,906)(1.56)Jumlah Liabiliti(124,744)(1.83)(80,663)(2.29)Nilai Aset Bersih Dana6,825,378100.003,520,349100.00Dana Pemegang PolisiModalPendapatan Dijana dibawa ke depan6,251,657573,72191.598.413,238,954281,39592.017.996,825,378100.003,520,349100.00Nilai Aset Bersih Seunit (RM)1.3411.258PRUlink Funds 238

Penyata Aset Dan Liabiliti Pada 31 Disember 2011PRUlink global market navigator fundRM2011 2010%RM%Pelaburan dalamGlobal Market Navigator Fund24,672,114101.6934,847,232104.66Tunai di Bank15,1850.069,1130.03Jumlah Aset24,687,299101.7534,856,345104.69Peruntukan Cukai(20,024)(0.08)(70,336)(0.21)Peruntukan Cukai Tertunda(5,878)(0.02)(59,120)(0.18)Liabiliti Lain(398,646)(1.65)(1,431,994)(4.30)Jumlah Liabiliti(424,548)(1.75)(1,561,450)(4.69)Nilai Aset Bersih Dana24,262,751100.0033,294,895100.00Dana Pemegang PolisiModalPendapatan Dijana dibawa ke depan25,060,173(797,422)103.29(3.29)32,755,223539,67298.381.6224,262,751100.0033,294,895100.00Nilai Aset Bersih Seunit (RM)1.1021.161PRUlink Funds 239

Penyata Aset Dan Liabiliti Pada 31 Disember 2011PRUlink dragon peacock fundRM2011 2010%RM%Pelaburan dalamDragon Peacock Fund23,762,50499.1524,799,750100.00Tunai dan DepositTunai di BankDeposit86,607195,0000.360.816,821560,0000.032.26Aset Cukai Tertunda196,0330.82--Aset Lain1,2100.0172,1520.29Jumlah Aset24,241,354101.1525,438,723102.58Peruntukan Cukai--(294)(0.00)Peruntukan Cukai Tertunda--(82,540)(0.33)Liabiliti Lain(275,703)(1.15)(556,773)(2.25)Jumlah Liabiliti(275,703)(1.15)(639,607)(2.58)Nilai Aset Bersih Dana23,965,651100.0024,799,116100.00Dana Pemegang PolisiModalPendapatan Dijana dibawa ke depan29,364,359(5,398,708)122.53(22.53)23,061,5021,737,61492.997.0123,965,651100.0024,799,116100.00Nilai Aset Bersih Seunit (RM)0.8211.096PRUlink Funds 240

Penyata Aset Dan Liabiliti Pada 31 Disember 2011PRUlink education equity fundRM2011 2010%RM%Pelaburan dalamPRUlink equity fund468,705100.00148,669100.00Jumlah Aset468,705100.00148,669100.00Jumlah Liabiliti----Nilai Aset Bersih Dana468,705100.00148,669100.00Dana Pemegang PolisiModalPendapatan Dijana dibawa ke depan443,80724,89894.695.31139,2479,42293.666.34468,705100.00148,669100.00Nilai Aset Bersih Seunit (RM)1.2201.173PRUlink Funds 241

Penyata Aset Dan Liabiliti Pada 31 Disember 2011PRUlink education bond fundRM2011 2010%RM%Pelaburan dalamPRUlink bond fund764,572100.00241,361100.00Jumlah Aset764,572100.00241,361100.00Liabiliti Lain(21)(0.00)--Jumlah Liabiliti(21)(0.00)--Nilai Aset Bersih Dana764,551100.00241,361100.00Dana Pemegang PolisiModalPendapatan Dijana dibawa ke depan738,02926,52296.533.47238,6002,76198.861.14764,551100.00241,361100.00Nilai Aset Bersih Seunit (RM)1.0941.043PRUlink Funds 242

Penyata Aset Dan Liabiliti Pada 31 Disember 2011PRUlink asia equity fundRM2011 2010%RM%Pelaburan dalamAsian Equity Fund11,646,85898.907,040,43497.58Tunai dan DepositTunai di BankDeposit10,589395,0000.093.357,325320,0000.104.44Aset Cukai Tertunda79,8670.68--Aset Lain45,9740.39171,0302.37Jumlah Aset12,178,288103.417,538,789104.49Peruntukan Cukai--(56)(0.00)Peruntukan Cukai Tertunda--(5,119)(0.07)Liabiliti Lain(402,463)(3.41)(318,566)(4.42)Jumlah Liabiliti(402,463)(3.41)(323,741)(4.49)Nilai Aset Bersih Dana11,775,825100.007,215,048100.00Dana Pemegang PolisiModalPendapatan Dijana dibawa ke depan13,890,879(2,115,054)117.96(17.96)7,107,291107,75798.511.4911,775,825100.007,215,048100.00Nilai Aset Bersih Seunit (RM)0.8571.062PRUlink Funds 243

Penyata Aset Dan Liabiliti Pada 31 Disember 2011PRUlink MyOptimizer fundRM2011 2010%RM%PelaburanProduk Berstruktur47,725,94199.9548,052,800100.00Tunai di Bank21,1190.04--Aset Cukai Tertunda26,1490.05--Aset LainAmaun belum diterima daripada Dana Operasi--48,052,800100.00Jumlah Aset47,773,209100.0496,105,600200.00Peruntukan Cukai(21,119)(0.04)--Liabiliti LainBelian perdagangan belum di bayar--(48,052,800)(100.00)Jumlah Liabiliti(21,119)(0.04)(48,052,800)(100.00)Nilai Aset Bersih Dana47,752,090100.0048,052,800100.00Dana Pemegang PolisiModalPendapatan Dijana dibawa ke depan48,052,800(300,710)100.63(0.63)48,052,800-100.00-47,752,090100.0048,052,800100.00Nilai Aset Bersih Seunit (RM)0.9540.960PRUlink Funds 244

Penyata Aset Dan Liabiliti Pada 31 Disember 2011PRUlink commodity allocator fundRM2011%PelaburanProduk BerstrukturJumlah AsetPeruntukan Cukai TertundaLiabiliti LainJumlah LiabilitiNilai Aset Bersih Dana54,449,41254,449,412(69,825)(15)(69,840)54,379,572100.13100.13(0.13)(0.00)(0.13)100.00Dana Pemegang PolisiModalPendapatan Dijana dibawa ke depanNilai Aset Bersih Seunit (RM)53,576,600802,97254,379,5720.97798.521.48100.00PRUlink Funds 245

Penyata Aset Dan Liabiliti Pada 31 Disember 2011PRUlink commodity allocator ll fundRM2011%PelaburanProduk BerstrukturJumlah AsetPeruntukan Cukai TertundaLiabiliti LainJumlah LiabilitiNilai Aset Bersih Dana8,568,0708,568,070(13,420)(5)(13,425)8,554,645100.16100.16(0.16)(0.00)(0.16)100.00Dana Pemegang PolisiModalPendapatan Dijana dibawa ke depanNilai Aset Bersih Seunit (RM)8,400,325154,3208,554,6450.98398.201.80100.00PRUlink Funds 246

Penyata Aset Dan Liabiliti Pada 31 Disember 2011PRUlink dyna growth I fundRM2011%PelaburanProduk BerstrukturAset CukaiAset Cukai TertundaJumlah AsetJumlah LiabilitiNilai Aset Bersih Dana2,378,251124,5242,382,787-2,382,78799.810.000.19100.00-100.00Dana Pemegang PolisiModalPendapatan Dijana dibawa ke depanNilai Aset Bersih Seunit (RM)2,434,949(52,162)2,382,7870.934102.19(2.19)100.00PRUlink Funds 247

Penyata Aset Dan Liabiliti Pada 31 Disember 2011PRUlink dyna growth II fundRM2011%PelaburanProduk BerstrukturAset CukaiAset Cukai TertundaJumlah AsetJumlah LiabilitiNilai Aset Bersih Dana2,417,138167,4352,424,589-2,424,58999.690.000.31100.00-100.00Dana Pemegang PolisiModalPendapatan Dijana dibawa ke depanNilai Aset Bersih Seunit (RM)2,510,283(85,694)2,424,5890.897103.53(3.53)100.00PRUlink Funds 248

Penyata Aset Dan Liabiliti Pada 31 Disember 2011PRUlink dyna growth III fundRM2011%PelaburanProduk BerstrukturAset CukaiAset Cukai TertundaJumlah AsetJumlah LiabilitiNilai Aset Bersih Dana127,055800195128,050-128,05099.230.620.15100.00-100.00Dana Pemegang PolisiModalPendapatan Dijana dibawa ke depanNilai Aset Bersih Seunit (RM)139,490(11,440)128,0500.876108.93(8.93)100.00PRUlink Funds 249

Penyata Aset Dan Liabiliti Pada 31 Disember 2011PRUlink dyna growth IV fundRM2011%PelaburanProduk BerstrukturAset CukaiAset Cukai TertundaJumlah AsetJumlah LiabilitiNilai Aset Bersih Dana106,894478430107,802-107,80299.160.440.40100.00-100.00Dana Pemegang PolisiModalPendapatan Dijana dibawa ke depanNilai Aset Bersih Seunit (RM)118,248(10,446)107,8020.876109.69(9.69)100.00PRUlink Funds 250

Penyata Aset Dan Liabiliti Pada 31 Disember 2011PRUlink money market fundRM2011%Tunai dan DepositTunai di bankDepositAset LainJumlah AsetPeruntukan CukaiJumlah LiabilitiNilai Aset Bersih Dana4,2081,145,0007,3231,156,531(443)(443)1,156,0880.3699.040.64100.04(0.04)(0.04)100.00Dana Pemegang PolisiModalPendapatan Dijana dibawa ke depanNilai Aset Bersih Seunit (RM)1,151,0205,0681,156,0881.00599.560.44100.00PRUlink Funds 251

Penyata Perubahan Dalam Nilai Aset BersihPenyata Perubahan Dalam Nilai Aset Bersih Bagi Tahun Kewangan Berakhir 31 Disember 2011PRUlink equity fund2011RM2010RMNilai Aset Bersih pada awal tahun4,878,213,3633,671,739,474Amaun diterima daripada unit yang diterbitkan1,213,305,6091,116,068,003Amaun dibayar bagi unit yang dibatalkan(960,925,459)(735,563,635)Lebihan Pendapatan berbanding Perbelanjaan200,708,597825,969,521Nilai dana pada akhir tahun5,331,302,1104,878,213,363Penyata Perubahan Dalam Nilai Aset Bersih Bagi Tahun Kewangan Berakhir 31 Disember 2011PRUlink bond fund2011RM2010RMNilai Aset Bersih pada awal tahun1,035,786,244800,343,864Amaun diterima daripada unit yang diterbitkan728,140,108386,477,430Amaun dibayar bagi unit yang dibatalkan(322,164,141)(201,824,341)Lebihan Pendapatan berbanding Perbelanjaan64,431,51250,789,291Nilai dana pada akhir tahun1,506,193,7231,035,786,244PRUlink Funds 252

Penyata Perubahan Dalam Nilai Aset Bersih Bagi Tahun Kewangan Berakhir 31 Disember 2011PRUlink managed fund2011RM2010RMNilai Aset Bersih pada awal tahun1,339,546,2991,070,426,887Amaun diterima daripada unit yang diterbitkan229,958,342233,154,738Amaun dibayar bagi unit yang dibatalkan(153,467,386)(149,225,987)Lebihan Pendapatan berbanding Perbelanjaan47,654,274185,190,661Nilai dana pada akhir tahun1,463,691,5291,339,546,299Penyata Perubahan Dalam Nilai Aset Bersih Bagi Tahun Kewangan Berakhir 31 Disember 2011PRUlink managed fund II2011RM2010RMNilai Aset Bersih pada awal tahun304,142,421196,601,514Amaun diterima daripada unit yang diterbitkan183,690,793137,354,967Amaun dibayar bagi unit yang dibatalkan(96,260,302)(71,896,746)Lebihan Pendapatan berbanding Perbelanjaan14,697,09642,082,686Nilai dana pada akhir tahun406,270,008304,142,421PRUlink Funds 253

Penyata Perubahan Dalam Nilai Aset Bersih Bagi Tahun Kewangan Berakhir 31 Disember 2011PRUlink golden equity fund2011RM2010RMNilai Aset Bersih pada awal tahun109,840,80769,938,257Amaun diterima daripada unit yang diterbitkan33,679,42646,068,593Amaun dibayar bagi unit yang dibatalkan(8,884,467)(23,753,750)Lebihan Pendapatan berbanding Perbelanjaan5,154,25817,587,707Nilai dana pada akhir tahun139,790,024109,840,807Penyata Perubahan Dalam Nilai Aset Bersih Bagi Tahun Kewangan Berakhir 31 Disember 2011PRUlink golden bond fund2011RM2010RMNilai Aset Bersih pada awal tahun249,642,277173,430,109Amaun diterima daripada unit yang diterbitkan86,210,05967,797,873Amaun dibayar bagi unit yang dibatalkan(11,477,682)(1,922,563)Lebihan Pendapatan berbanding Perbelanjaan14,353,82510,336,858Nilai dana pada akhir tahun338,728,479249,642,277PRUlink Funds 254

Penyata Perubahan Dalam Nilai Aset Bersih Bagi Tahun Kewangan Berakhir 31 Disember 2011PRUlink dana unggul2011RM2010RMNilai Aset Bersih pada awal tahun404,622,738299,136,664Amaun diterima daripada unit yang diterbitkan138,510,167122,019,482Amaun dibayar bagi unit yang dibatalkan(100,587,657)(75,052,009)Lebihan Pendapatan berbanding Perbelanjaan33,712,67058,518,601Nilai dana pada akhir tahun476,257,918404,622,738Penyata Perubahan Dalam Nilai Aset Bersih Bagi Tahun Kewangan Berakhir 31 Disember 2011PRUlink dana aman2011RM2010RMNilai Aset Bersih pada awal tahun56,965,61147,311,574Amaun diterima daripada unit yang diterbitkan46,032,03817,468,473Amaun dibayar bagi unit yang dibatalkan(25,141,257)(10,776,743)Lebihan Pendapatan berbanding Perbelanjaan3,237,8092,962,307Nilai dana pada akhir tahun81,094,20156,965,611PRUlink Funds 255

Penyata Perubahan Dalam Nilai Aset Bersih Bagi Tahun Kewangan Berakhir 31 Disember 2011PRUlink dana urus2011RM2010RMNilai Aset Bersih pada awal tahun107,985,91385,955,032Amaun diterima daripada unit yang diterbitkan22,898,65424,535,015Amaun dibayar bagi unit yang dibatalkan(17,380,989)(15,432,949)Lebihan Pendapatan berbanding Perbelanjaan6,736,09612,928,815Nilai dana pada akhir tahun120,239,674107,985,913Penyata Perubahan Dalam Nilai Aset Bersih Bagi Tahun Kewangan Berakhir 31 Disember 2011PRUlink dana urus II2011RM2010RMNilai Aset Bersih pada awal tahun23,580,78214,623,273Amaun diterima daripada unit yang diterbitkan23,603,42715,722,178Amaun dibayar bagi unit yang dibatalkan(14,973,255)(9,510,782)Lebihan Pendapatan berbanding Perbelanjaan2,060,8892,746,113Nilai dana pada akhir tahun34,271,84323,580,782PRUlink Funds 256

Penyata Perubahan Dalam Nilai Aset Bersih Bagi Tahun Kewangan Berakhir 31 Disember 2011PRUlink asia managed fund2011RM2010RMNilai Aset Bersih pada awal tahun241,982,226263,042,900Amaun diterima daripada unit yang diterbitkan15,876,48621,226,822Amaun dibayar bagi unit yang dibatalkan(37,436,273)(52,526,108)(Perbelanjaan)/Pendapatan Bersih(26,654,129)10,238,612Nilai dana pada akhir tahun193,768,310241,982,226Penyata Perubahan Dalam Nilai Aset Bersih Bagi Tahun Kewangan Berakhir 31 Disember 2011PRUlink asia property securities fund2011RM2010RMNilai Aset Bersih pada awal tahun21,375,31518,951,577Amaun diterima daripada unit yang diterbitkan3,042,5995,646,502Amaun dibayar bagi unit yang dibatalkan(5,700,980)(5,603,812)(Perbelanjaan)/Pendapatan Bersih(919,248)2,381,048Nilai dana pada akhir tahun17,797,68621,375,315PRUlink Funds 257

Penyata Perubahan Dalam Nilai Aset Bersih Bagi Tahun Kewangan Berakhir 31 Disember 2011PRUlink asia local bond fund2011RM2010RMNilai Aset Bersih pada awal tahun3,520,3491,316,521Amaun diterima daripada unit yang diterbitkan6,140,2554,010,650Amaun dibayar bagi unit yang dibatalkan(3,127,552)(1,888,567)Lebihan Pendapatan berbanding Perbelanjaan292,32681,745Nilai dana pada akhir tahun6,825,3783,520,349Penyata Perubahan Dalam Nilai Aset Bersih Bagi Tahun Kewangan Berakhir 31 Disember 2011PRUlink global market navigator fund2011RM2010RMNilai Aset Bersih pada awal tahun33,294,89544,898,469Amaun diterima daripada unit yang diterbitkan795,9731,672,372Amaun dibayar bagi unit yang dibatalkan(8,491,023)(12,072,701)Perbelanjaan Bersih(1,337,094)(1,203,245)Nilai dana pada akhir tahun24,262,75133,294,895PRUlink Funds 258

Penyata Perubahan Dalam Nilai Aset Bersih Bagi Tahun Kewangan Berakhir 31 Disember 2011PRUlink dragon peacock fund2011RM2010RMNilai Aset Bersih pada awal tahun24,799,116-Amaun diterima daripada unit yang diterbitkan12,920,22827,430,554Amaun dibayar bagi unit yang dibatalkan(6,617,371)(4,369,052)(Perbelanjaan)/Pendapatan Bersih(7,136,322)1,737,614Nilai dana pada akhir tahun23,965,65124,799,116Penyata Perubahan Dalam Nilai Aset Bersih Bagi Tahun Kewangan Berakhir 31 Disember 2011PRUlink education equity fund2011RM2010RMNilai Aset Bersih pada awal tahun148,669-Amaun diterima daripada unit yang diterbitkan423,401181,791Amaun dibayar bagi unit yang dibatalkan(118,841)(42,544)Lebihan Pendapatan berbanding Perbelanjaan15,4769,422Nilai dana pada akhir tahun468,705148,669PRUlink Funds 259

Penyata Perubahan Dalam Nilai Aset Bersih Bagi Tahun Kewangan Berakhir 31 Disember 2011PRUlink education bond fund2011RM2010RMNilai Aset Bersih pada awal tahun241,361-Amaun diterima daripada unit yang diterbitkan690,893304,869Amaun dibayar bagi unit yang dibatalkan(191,464)(66,269)Lebihan Pendapatan berbanding Perbelanjaan23,7612,761Nilai dana pada akhir tahun764,551241,361Penyata Perubahan Dalam Nilai Aset Bersih Bagi Tahun Kewangan Berakhir 31 Disember 2011PRUlink asia equity fund2011RM2010RMNilai Aset Bersih pada awal tahun7,215,048-Amaun diterima daripada unit yang diterbitkan11,141,6017,493,843Amaun dibayar bagi unit yang dibatalkan(4,358,013)(386,552)(Perbelanjaan)/Pendapatan Bersih(2,222,811)107,757Nilai dana pada akhir tahun11,775,8257,215,048PRUlink Funds 260

Penyata Perubahan Dalam Nilai Aset Bersih Bagi Tahun Kewangan Berakhir 31 Disember 2011PRUlink MyOptimizer fund2011RM2010RMNilai Aset Bersih pada awal tahun48,052,800-Amaun diterima daripada unit yang diterbitkan-48,052,800Amaun dibayar bagi unit yang dibatalkan--Perbelanjaan Bersih(300,710)-Nilai dana pada akhir tahun47,752,09048,052,800Penyata Perubahan Dalam Nilai Aset Bersih Bagi Tempoh 9 Bulan Berakhir 31 Disember 2011PRUlink commodity allocator fund2011RMNilai aset bersih pada awal tempohAmaun diterima daripada unit yang diterbitkanAmaun dibayar bagi unit yang dibatalkanLebihan Pendapatan berbanding PerbelanjaanNilai dana pada akhir tempoh-53,576,600-802,97254,379,572PRUlink Funds 261

Penyata Perubahan Dalam Nilai Aset Bersih Bagi Tempoh 6 Bulan Berakhir 31 Disember 2011PRUlink commodity allocator II fund2011RMNilai aset bersih pada awal tempohAmaun diterima daripada unit yang diterbitkanAmaun dibayar bagi unit yang dibatalkanLebihan Pendapatan berbanding PerbelanjaanNilai dana pada akhir tempoh-8,400,325-154,3208,554,645Penyata Perubahan Dalam Nilai Aset Bersih Bagi Tempoh 5 Bulan Berakhir 31 Disember 2011PRUlink dyna growth I fund2011RMNilai aset bersih pada awal tempohAmaun diterima daripada unit yang diterbitkanAmaun dibayar bagi unit yang dibatalkanPerbelanjaan BersihNilai dana pada akhir tempoh-2,434,949-(52,162)2,382,787PRUlink Funds 262

Penyata Perubahan Dalam Nilai Aset Bersih Bagi Tempoh 5 Bulan Berakhir 31 Disember 2011PRUlink dyna growth II fund2011RMNilai aset bersih pada awal tempohAmaun diterima daripada unit yang diterbitkanAmaun dibayar bagi unit yang dibatalkanPerbelanjaan BersihNilai dana pada akhir tempoh-2,510,283-(85,694)2,424,589Penyata Perubahan Dalam Nilai Aset Bersih Bagi Tempoh 5 Bulan Berakhir 31 Disember 2011PRUlink dyna growth III fund2011RMNilai aset bersih pada awal tempohAmaun diterima daripada unit yang diterbitkanAmaun dibayar bagi unit yang dibatalkanPerbelanjaan BersihNilai dana pada akhir tempoh-139,490-(11,440)128,050PRUlink Funds 263

Penyata Perubahan Dalam Nilai Aset Bersih Bagi Tempoh 5 Bulan Berakhir 31 Disember 2011PRUlink dyna growth IV fund2011RMNilai aset bersih pada awal tempohAmaun diterima daripada unit yang diterbitkanAmaun dibayar bagi unit yang dibatalkanPerbelanjaan BersihNilai dana pada akhir tempoh-118,248-(10,446)107,802Penyata Perubahan Dalam Nilai Aset Bersih Bagi Tempoh 3 Bulan Berakhir 31 Disember 2011PRUlink money market fund2011RMNilai aset bersih pada awal tempohAmaun diterima daripada unit yang diterbitkanAmaun dibayar bagi unit yang dibatalkanLebihan Pendapatan berbanding PerbelanjaanNilai dana pada akhir tempoh-1,151,667(647)5,0681,156,088PRUlink Funds 264

Penyata Pendapatan Dan PerbelanjaanPenyata Pendapatan Dan Perbelanjaan Bagi Tahun Kewangan Berakhir 31 Disember 2011PRUlink equity fundPendapatan Pelaburan BersihPendapatan faedahPendapatan dividenKeuntungan daripada PenjualanSekuritiKeuntungan Modal Belum TerealisasiJumlah PendapatanYuran Pengurusan PelaburanKerugian daripada PenjualanSekuritiKerugian Modal Belum TerealisasiPencukaianPerbelanjaan LainJumlah PerbelanjaanLebihan Pendapatan berbanding PerbelanjaanPendapatan Dijana dihantar ke depanPendapatan Dijana dibawa ke depan2011RM193,497,51414,365,252179,132,262267,829,743267,829,743-461,327,257(76,038,323)(46,965,629)(46,965,629)(124,081,290)(13,456,087)(77,331)(260,618,660)200,708,5971,916,227,0902,116,935,6872010RM153,001,0698,987,278144,013,791117,297,021117,297,021665,773,997936,072,087(62,711,463)(1,234,078)(1,234,078)-(46,100,199)(56,826)(110,102,566)825,969,5211,090,257,5691,916,227,090PRUlink Funds 265

Penyata Pendapatan Dan Perbelanjaan Bagi Tahun Kewangan Berakhir 31 Disember 2011PRUlink bond fundPendapatan Pelaburan BersihPendapatan faedahKeuntungan daripada PenjualanSekuritiKeuntungan Modal Belum TerealisasiJumlah PendapatanYuran Pengurusan PelaburanPencukaianPerbelanjaan LainJumlah PerbelanjaanLebihan Pendapatan berbanding PerbelanjaanPendapatan Dijana dihantar ke depanPendapatan Dijana dibawa ke depan2011RM55,920,42455,920,42439,05739,05720,552,12176,511,602(6,117,830)(5,954,245)(8,015)(12,080,090)64,431,512167,627,618232,059,1302010RM43,131,55143,131,5511,218,0361,218,03614,400,09658,749,683(4,568,180)(3,383,871)(8,341)(7,960,392)50,789,291116,838,327167,627,618PRUlink Funds 266

Penyata Pendapatan Dan Perbelanjaan Bagi Tahun Kewangan Berakhir 31 Disember 2011PRUlink managed fundPendapatan Pelaburan BersihRebat YuranKeuntungan daripada PenjualanSekuritiKeuntungan Modal Belum TerealisasiJumlah PendapatanYuran Pengurusan PelaburanKerugian Modal Belum TerealisasiJumlah PerbelanjaanLebihan Pendapatan berbanding PerbelanjaanPendapatan Dijana dihantar ke depanPendapatan Dijana dibawa ke depan2011RM16,747,88216,747,88266,819,99066,819,990-83,567,872(20,856,680)(15,056,918)(35,913,598)47,654,274477,370,258525,024,5322010RM14,528,72714,528,72731,784,65331,784,653156,691,873203,005,253(17,814,592)-(17,814,592)185,190,661292,179,597477,370,258PRUlink Funds 267

Penyata Pendapatan Dan Perbelanjaan Bagi Tahun Kewangan Berakhir 31 Disember 2011PRUlink managed fund IIPendapatan Pelaburan BersihRebat YuranKeuntungan daripada PenjualanSekuritiKeuntungan Modal Belum TerealisasiJumlah PendapatanYuran Pengurusan PelaburanJumlah PerbelanjaanLebihan Pendapatan berbanding PerbelanjaanPendapatan Dijana dihantar ke depanPendapatan Dijana dibawa ke depan2011RM4,469,4394,469,43911,530,25411,530,2543,231,99619,231,689(4,534,593)(4,534,593)14,697,09665,727,81080,424,9062010RM3,172,4043,172,40410,316,40010,316,40031,726,15345,214,957(3,132,271)(3,132,271)42,082,68623,645,12465,727,810PRUlink Funds 268

Penyata Pendapatan Dan Perbelanjaan Bagi Tahun Kewangan Berakhir 31 Disember 2011PRUlink golden equity fundPendapatan Pelaburan BersihRebat YuranKeuntungan daripada PenjualanSekuritiKeuntungan Modal Belum TerealisasiPendapatan LainJumlah PendapatanYuran Pengurusan PelaburanJumlah PerbelanjaanLebihan Pendapatan berbanding PerbelanjaanPendapatan Dijana dihantar ke depanPendapatan Dijana dibawa ke depan2011RM1,846,7741,846,7741,011,5471,011,5474,142,870-7,001,191(1,846,933)(1,846,933)5,154,25822,717,30327,871,5612010RM1,311,3571,311,3571,701,7821,701,78215,885,76429818,899,201(1,311,494)(1,311,494)17,587,7075,129,59622,717,303PRUlink Funds 269

Penyata Pendapatan Dan Perbelanjaan Bagi Tahun Kewangan Berakhir 31 Disember 2011PRUlink golden bond fundPendapatan Pelaburan BersihRebat YuranKeuntungan daripada PenjualanSekuritiKeuntungan Modal Belum TerealisasiPendapatan LainJumlah PendapatanYuran Pengurusan PelaburanJumlah PerbelanjaanLebihan Pendapatan berbanding PerbelanjaanPendapatan Dijana dihantar ke depanPendapatan Dijana dibawa ke depan2011RM1,473,7141,473,7141,176,3051,176,30514,651,255-17,301,274(2,947,449)(2,947,449)14,353,82520,849,98335,203,8082010RM1,041,7061,041,706172,719172,71911,205,56829812,420,291(2,083,433)(2,083,433)10,336,85810,513,12520,849,983PRUlink Funds 270

Penyata Pendapatan Dan Perbelanjaan Bagi Tahun Kewangan Berakhir 31 Disember 2011PRUlink dana unggulPendapatan Pelaburan BersihPendapatan faedahPendapatan dividenKeuntungan daripada PenjualanSekuritiKeuntungan Modal Belum TerealisasiJumlah PendapatanYuran Pengurusan PelaburanKerugian daripada PenjualanSekuritiPencukaianPerbelanjaan LainJumlah PerbelanjaanLebihan Pendapatan berbanding PerbelanjaanPendapatan Dijana dihantar ke depanPendapatan Dijana dibawa ke depan2011RM15,016,2351,218,06013,798,17528,216,37328,216,3738,433,13951,665,747(6,532,007)(9,379,916)(9,379,916)(2,004,353)(36,801)(17,953,077)33,712,670122,586,050156,298,7202010RM11,171,008772,34510,398,66323,983,72423,983,72436,897,10472,051,836(5,111,549)(4,970,402)(4,970,402)(3,407,174)(44,110)(13,533,235)58,518,60164,067,449122,586,050PRUlink Funds 271

Penyata Pendapatan Dan Perbelanjaan Bagi Tahun Kewangan Berakhir 31 Disember 2011PRUlink dana amanPendapatan Pelaburan BersihPendapatan faedahKeuntungan daripada PenjualanSekuritiKeuntungan Modal Belum TerealisasiJumlah PendapatanYuran Pengurusan PelaburanPencukaianPerbelanjaan LainJumlah PerbelanjaanLebihan Pendapatan berbanding PerbelanjaanPendapatan Dijana dihantar ke depanPendapatan Dijana dibawa ke depan2011RM2,583,8062,583,806115,576115,5761,191,7603,891,142(326,866)(319,319)(7,148)(653,333)3,237,8099,479,91612,717,7252010RM2,131,2462,131,246104,892104,8921,158,1243,394,262(259,838)(164,766)(7,351)(431,955)2,962,3076,517,6099,479,916PRUlink Funds 272

Penyata Pendapatan Dan Perbelanjaan Bagi Tahun Kewangan Berakhir 31 Disember 2011PRUlink dana urusPendapatan Pelaburan BersihRebat YuranKeuntungan daripada PenjualanSekuritiKeuntungan Modal Belum TerealisasiJumlah PendapatanYuran Pengurusan PelaburanJumlah PerbelanjaanLebihan Pendapatan berbanding PerbelanjaanPendapatan Dijana dihantar ke depanPendapatan Dijana dibawa ke depan2011RM1,354,1361,354,1364,942,2634,942,2632,131,1008,427,499(1,691,403)(1,691,403)6,736,09630,037,29936,773,3952010RM1,156,8341,156,8342,293,5272,293,52710,907,25014,357,611(1,428,796)(1,428,796)12,928,81517,108,48430,037,299PRUlink Funds 273

Penyata Pendapatan Dan Perbelanjaan Bagi Tahun Kewangan Berakhir 31 Disember 2011PRUlink dana urus IIPendapatan Pelaburan BersihRebat YuranKeuntungan daripada PenjualanSekuritiKeuntungan Modal Belum TerealisasiJumlah PendapatanYuran Pengurusan PelaburanJumlah PerbelanjaanLebihan Pendapatan berbanding PerbelanjaanPendapatan Dijana dihantar ke depanPendapatan Dijana dibawa ke depan2011RM358,925358,9251,162,1481,162,148906,2982,427,371(366,482)(366,482)2,060,8893,975,7306,036,6192010RM234,823234,823967,647967,6471,775,8052,978,275(232,162)(232,162)2,746,1131,229,6173,975,730PRUlink Funds 274

Penyata Pendapatan Dan Perbelanjaan Bagi Tahun Kewangan Berakhir 31 Disember 2011PRUlink asia managed fundPendapatan Pelaburan BersihPendapatan faedahLain-lainKeuntungan daripada PenjualanSekuritiKeuntungan Modal Belum TerealisasiPendapatan CukaiJumlah PendapatanYuran Pengurusan PelaburanKerugian Modal Belum TerealisasiPencukaianPerbelanjaan LainJumlah Perbelanjaan(Perbelanjaan)/Pendapatan BersihPendapatan Dijana dihantar ke depanPendapatan Dijana dibawa ke depan2011RM(9,712,819)1,423(9,714,242)19,490,53319,490,533-988,07810,765,792(2,904,992)(34,511,495)-(3,434)(37,419,921)(26,654,129)31,303,4994,649,3702010RM(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)10,238,61221,064,88731,303,499PRUlink Funds 275

Penyata Pendapatan Dan Perbelanjaan Bagi Tahun Kewangan Berakhir 31 Disember 2011PRUlink asia property securities fundPendapatan Pelaburan BersihPendapatan faedahLain-lainKeuntungan daripada PenjualanSekuritiKeuntungan Modal Belum TerealisasiJumlah PendapatanYuran Pengurusan PelaburanKerugian Modal Belum TerealisasiPencukaianPerbelanjaan LainJumlah Perbelanjaan(Perbelanjaan)/Pendapatan BersihPendapatan Dijana dihantar ke depanPendapatan Dijana dibawa ke depan2011RM(203,060)-(203,060)316,903316,903-113,843(301,193)(658,416)(73,388)(94)(1,033,091)(919,248)291,014(628,234)2010RM(48,457)468(48,925)7,9927,9922,728,8922,688,427(296,118)-(10,013)(1,248)(307,379)2,381,048(2,090,034)291,014PRUlink Funds 276

Penyata Pendapatan Dan Perbelanjaan Bagi Tahun Kewangan Berakhir 31 Disember 2011PRUlink asia local bond fundPendapatan Pelaburan BersihPendapatan faedahLain-lainKeuntungan daripada PenjualanSekuritiKeuntungan Modal Belum TerealisasiJumlah PendapatanYuran Pengurusan PelaburanKerugian Modal Belum TerealisasiPencukaianPerbelanjaan LainJumlah PerbelanjaanLebihan Pendapatan berbanding PerbelanjaanPendapatan Dijana dihantar ke depanPendapatan Dijana dibawa ke depan2011RM(47,829)1,539(49,368)74,03574,035326,298352,504(49,682)-(9,072)(1,424)(60,178)292,326281,395573,7212010RM(56,920)849(57,769)198,091198,091-141,171(26,299)(16,558)(15,275)(1,294)(59,426)81,745199,650281,395PRUlink Funds 277

Penyata Pendapatan Dan Perbelanjaan Bagi Tahun Kewangan Berakhir 31 Disember 2011PRUlink global market navigator fundPendapatan Pelaburan BersihPendapatan faedahLain-lainKeuntungan daripada PenjualanSekuritiPendapatan CukaiJumlah PendapatanYuran Pengurusan PelaburanKerugian Modal Belum TerealisasiPencukaianPerbelanjaan LainJumlah PerbelanjaanPerbelanjaan BersihPendapatan Dijana dihantar ke depanPendapatan Dijana dibawa ke depan2011RM(1,169,917)-(1,169,917)1,446,2841,446,284104,605380,972(360,052)(1,357,966)-(48)(1,718,066)(1,337,094)539,672(797,422)2010RM(952,722)329(953,051)940,024940,024-(12,698)(481,612)(666,508)(41,984)(443)(1,190,547)(1,203,245)1,742,917539,672PRUlink Funds 278

Penyata Pendapatan Dan Perbelanjaan Bagi Tahun Kewangan Berakhir 31 Disember 2011PRUlink dragon peacock fundPendapatan Pelaburan BersihPendapatan faedahLain-lainKeuntungan daripada PenjualanSekuritiKeuntungan Modal Belum TerealisasiPendapatan CukaiJumlah PendapatanYuran Pengurusan PelaburanKerugian daripada PenjualanSekuritiKerugian Modal Belum TerealisasiPencukaianPerbelanjaan LainJumlah Perbelanjaan(Perbelanjaan)/Pendapatan BersihPendapatan Dijana dihantar ke depanPendapatan Dijana dibawa ke depan2011RM(21,824)2,852(24,676)21,59421,594-285,234285,004(374,567)(32,988)(32,988)(7,010,994)-(2,777)(7,421,326)(7,136,322)1,737,614(5,398,708)2010RM(73,836)9,164(83,000)--2,137,331PRUlink Funds 279-2,063,495(237,301)---(82,834)(5,746)(325,881)1,737,614-1,737,614

Penyata Pendapatan Dan Perbelanjaan Bagi Tahun Kewangan Berakhir 31 Disember 2011PRUlink education equity fundPendapatan Pelaburan BersihRebat YuranKeuntungan daripada PenjualanSekuritiKeuntungan Modal Belum TerealisasiJumlah PendapatanYuran Pengurusan PelaburanJumlah PerbelanjaanLebihan Pendapatan berbanding PerbelanjaanPendapatan Dijana dihantar ke depanPendapatan Dijana dibawa ke depan2011RM4,2914,2913,3823,38212,09419,767(4,291)(4,291)15,4769,42224,8982010RM6216211,6341,6347,78810,043(621)(621)9,422-9,422PRUlink Funds 280

Penyata Pendapatan Dan Perbelanjaan Bagi Tahun Kewangan Berakhir 31 Disember 2011PRUlink education bond fundPendapatan Pelaburan BersihRebat YuranKeuntungan daripada PenjualanSekuritiKeuntungan Modal Belum TerealisasiJumlah PendapatanYuran Pengurusan PelaburanJumlah PerbelanjaanLebihan Pendapatan berbanding PerbelanjaanPendapatan Dijana dihantar ke depanPendapatan Dijana dibawa ke depan2011RM2,3842,3844,0624,06222,08328,529(4,768)(4,768)23,7612,76126,5222010RM3323327007002,3923,424(663)(663)2,761-2,761PRUlink Funds 281

Penyata Pendapatan Dan Perbelanjaan Bagi Tahun Kewangan Berakhir 31 Disember 2011PRUlink asia equity fundPendapatan Pelaburan BersihPendapatan faedahLain-lainKeuntungan Modal Belum TerealisasiPendapatan CukaiJumlah PendapatanYuran Pengurusan PelaburanKerugian daripada PenjualanSekuritiKerugian Modal Belum TerealisasiPencukaianPerbelanjaan LainJumlah Perbelanjaan(Perbelanjaan)/Pendapatan BersihPendapatan Dijana dihantar ke depanPendapatan Dijana dibawa ke depan2011RM(33,686)3,218(36,904)-76,45442,768(150,298)(77,297)(77,297)(2,034,567)-(3,417)(2,265,579)(2,222,811)107,757(2,115,054)2010RM(6,296)3,059(9,355)134,263-127,967(13,087)---(5,175)(1,948)(20,210)107,757-107,757PRUlink Funds 282

Penyata Pendapatan Dan Perbelanjaan Bagi Tahun Kewangan Berakhir 31 Disember 2011PRUlink MyOptimizer fundPendapatan Pelaburan BersihPendapatan faedahPendapatan CukaiJumlah PendapatanYuran Pengurusan PelaburanKerugian Modal Belum TerealisasiJumlah PerbelanjaanPerbelanjaan BersihPendapatan Dijana dihantar ke depanPendapatan Dijana dibawa ke depan2011RM263,989263,9895,030269,019(242,870)(326,859)(569,729)(300,710)-(300,710)2010RM----------PRUlink Funds 283

Penyata Pendapatan Dan Perbelanjaan Bagi Tempoh 9 Bulan Berakhir 31 Disember 2011PRUlink commodity allocator fund2011RMKeuntungan Modal Belum TerealisasiJumlah PendapatanPencukaianPerbelanjaan LainJumlah PerbelanjaanLebihan Pendapatan berbanding PerbelanjaanPendapatan Dijana dihantar ke depanPendapatan Dijana dibawa ke depan872,812872,812(69,825)(15)(69,840)802,972-802,972PRUlink Funds 284

Penyata Pendapatan Dan Perbelanjaan Bagi Tempoh 6 Bulan Berakhir 31 Disember 2011PRUlink commodity allocator II fund2011RMKeuntungan Modal Belum TerealisasiJumlah PendapatanPencukaianPerbelanjaan LainJumlah PerbelanjaanLebihan Pendapatan berbanding PerbelanjaanPendapatan Dijana dihantar ke depanPendapatan Dijana dibawa ke depan167,745167,745(13,420)(5)(13,425)154,320-154,320PRUlink Funds 285

Penyata Pendapatan Dan Perbelanjaan Bagi Tempoh 5 Bulan Berakhir 31 Disember 2011PRUlink dyna growth I fund2011RMPendapatan CukaiJumlah PendapatanKerugian daripada PenjualanKerugian Modal Belum TerealisasiJumlah PerbelanjaanPerbelanjaan BersihPendapatan Dijana dihantar ke depanPendapatan Dijana dibawa ke depan4,5364,536(152)(56,546)(56,698)(52,162)-(52,162)PRUlink Funds 286

Penyata Pendapatan Dan Perbelanjaan Bagi Tempoh 5 Bulan Berakhir 31 Disember 2011PRUlink dyna growth II fund2011RMPendapatan CukaiJumlah PendapatanKerugian daripada PenjualanKerugian Modal Belum TerealisasiJumlah PerbelanjaanPerbelanjaan BersihPendapatan Dijana dihantar ke depanPendapatan Dijana dibawa ke depan7,4517,451(204)(92,941)(93,145)(85,694)-(85,694)PRUlink Funds 287

Penyata Pendapatan Dan Perbelanjaan Bagi Tempoh 5 Bulan Berakhir 31 Disember 2011PRUlink dyna growth III fund2011RMPendapatan CukaiJumlah PendapatanKerugian daripada PenjualanKerugian Modal Belum TerealisasiJumlah PerbelanjaanPerbelanjaan BersihPendapatan Dijana dihantar ke depanPendapatan Dijana dibawa ke depan995995(10,002)(2,433)(12,435)(11,440)-(11,440)PRUlink Funds 288

Penyata Pendapatan Dan Perbelanjaan Bagi Tempoh 5 Bulan Berakhir 31 Disember 2011PRUlink dyna growth IV fund2011RMPendapatan CukaiJumlah PendapatanKerugian daripada PenjualanKerugian Modal Belum TerealisasiJumlah PerbelanjaanPerbelanjaan BersihPendapatan Dijana dihantar ke depanPendapatan Dijana dibawa ke depan908908(5,975)(5,379)(11,354)(10,446)-(10,446)PRUlink Funds 289

Penyata Pendapatan Dan Perbelanjaan Bagi Tempoh 3 Bulan Berakhir 31 Disember 2011PRUlink money market fund2011RMPendapatan Pelaburan BersihPendapatan faedahJumlah PendapatanPencukaianPerbelanjaan LainJumlah PerbelanjaanLebihan Pendapatan berbanding PerbelanjaanPendapatan Dijana dihantar ke depanPendapatan Dijana dibawa ke depan5,5355,5355,535(443)(24)(467)5,068-5,068PRUlink Funds 290

Nota Kepada Penyata Kewangan1. Ringkasan Dasar Perakaunan Pentinga. Asas PerakaunanPenyata kewangan ini 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 belum terealisasi menggunakan kadar yang dikira secara aktuarisebanyak 4% dan bukannya kadar berkanun sebanyak 8%.Lembaga Pengarah berpendapat bahawa oleh sebab keuntungan ini akan hanya direalisasikan pada masa depan,maka kadar cukai yang lebih rendah sebanyak 4% telah digunakan untuk memastikan penentuan harga unit yangsaksama bagi pemegang unit yang masuk, keluar dan yang tinggal.b. PelaburanPelaburan disebut harga dinilai pada harga penutup pasaran pada akhir tahun kewangan.Saham/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 291

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 dokumen polisi.g. Rebat YuranIni adalah berkaitan dengan rebat yuran daripada Pengurus Dana bagi pelaburan yang dipegang dalam PRUlink equityfund 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 danaunggul dan 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 pemegang amanah.3. Rebat dan Komisen RinganSeperti yang dikawal oleh Garis Panduan Suruhanjaya Sekuriti, syarikat pengurusan dana dilarang daripada menerimasebarang rebat daripada urus niaga atau pesanan bagi pihak pelanggan. Sebarang rebat sedemikian yang diterima mestidisalurkan ke akaun pelanggan berkaitan. Walau bagaimanapun, syarikat pengurusan dana dibenarkan menerima komisenringan daripada urus niaga atau pesanan bagi pihak pelanggan, dengan syarat bahawa setelah mendapat persetujuanterdahulu daripada pelanggan, barangan dan perkhidmatan yang diterima adalah dalam bentuk perkhidmatan penyelidikandan nasihat yang akan membantu dalam proses membuat keputusan berhubung dengan pelaburan pelanggan danakhirnya memberi manfaat kepada pelanggan.4. Pada 31 Disember 2011, Dana-dana ini tidak mempunyai liabiliti atau komitmen luar jangka.5. Semua amaun dinyatakan dalam Ringgit Malaysia.PRUlink Funds 292

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