PT Panin Sekuri tas , Tbk. 2 Agustus 2010

Net Asset Value:

9,290 Bio NAV/Unit :

2,781 .3650

Profil DF PANS Bandung

Strategy Trading

Margin Max 30% Yes

Management Fee 3% p.a.

Risk Very High

Report Bi Weekly

Redemption February

July

Administration PT Panin

Sekuritas,

Tbk.

Bandung

D ISCRETIONARY FUND

PANS BANDUNG

Fund Manager

Dr. Adrian Teja

Sunda No. 2A Bandung

Phone: 022-7321434

Fax: 022-7321435

The performance data shown represent past performance, which is not a guarantee of future results. Invest-

ment returns and principal value will fluctuate, when sold, may be worth more or less than their original cost.

Current performance may be lower or higher than the performance data cited.

DF PANS PROFILEDF PANS PROFILEDF PANS PROFILEDF PANS PROFILE

DF PANSDF PANSDF PANSDF PANS

ReturnReturnReturnReturn

IDXIDXIDXIDX

ReturnReturnReturnReturn

6 Month6 Month6 Month6 Month 23.57% 17.56%

1 Month1 Month1 Month1 Month 5.27% 5.34%

3 Month3 Month3 Month3 Month -0.19% 3.30%

Sharpe Ratio Sharpe Ratio Sharpe Ratio Sharpe Ratio

DF PANSDF PANSDF PANSDF PANS

1.82

-0.48

2.20

Sharpe Ratio Sharpe Ratio Sharpe Ratio Sharpe Ratio

IDXIDXIDXIDX

1.86

0.36

2.30

DF PANSDF PANSDF PANSDF PANS

BetaBetaBetaBeta

0.82

0.70

1.35

Correlation Correlation Correlation Correlation DF PANS DF PANS DF PANS DF PANS

With IDXWith IDXWith IDXWith IDX

0.82

0.87

0.91

Since Since Since Since

Inception Inception Inception Inception

Feb 2008Feb 2008Feb 2008Feb 2008

Until NowUntil NowUntil NowUntil Now

178.14% 18.41%

2010 YTD2010 YTD2010 YTD2010 YTD 21.98% 21.11% 1.87 2.85 1.38 0.92

2009200920092009 153.90% 86.98% 2.83 4.59 2.86 0.96

2008200820082008 -10.20% -47.71% -1.25 -2.74 0.38 0.52

400.00

900.00

1,400.00

1,900.00

2,400.00

2,900.00

3,400.00

2/12/2008

5/12/2008

8/12/2008

11/12/2008

2/12/2009

5/12/2009

8/12/2009

11/12/2009

2/12/2010

5/12/2010

Discretionary PANS Bandung IHSG

2,781.36502,781.36502,781.36502,781.3650 Komposisi Saham DF per 31 Juli 2010

Bandung

INTP, 4.55%

ADRO, 10.76%BDMN, 8.64%

BNLI, 13.44%BUM I, 13.89%

BKSL, 9.61%

SMCB, 22.37%

PTBA, 10.79%

PGAS, 6.54%

Cash, -0.57%