INVESTMENT-LINKED FUNDS - Zurich

ANNUAL REPORT 

LAPORAN TAHUNAN 

2010 

MAA ASSURANCE 

INVESTMENT-LINKED 

FUNDS 

DANA BERKAITAN-PELABURAN MAA ASSURANCE

CONTENTS / KANDUNGAN 

Statement by Manager 2 

Independent Auditors’ Report 4 

Fund Objectives And Fund Performance 8-64 

Statement of Assets and Liabilities 66-74 

Statement of Income and Expenditure 76-84 

Statement of Changes in Net Asset Value 86-94 

Notes to the Financial Statements 96-130 

Equity Allocation 132-150 

Kenyataan Oleh Pengurus 3 

Laporan Juruaudit Berkecuali 6 

Objektif Dana Dan Prestasi Dana 9-65 

Penyata Aset dan Liabiliti 67-75 

Penyata Pendapatan dan Perbelanjaan 77-85 

Penyata Perubahan dalam Nilai Aset Bersih 87-95 

Nota kepada Penyata Kewangan 97-129 

Peruntukan Ekuiti 131-151 

LAPORAN TAHUNAN 2010 

DANA BERKAITAN-PELABURAN 

MAA ASSURANCE 

MAA ASSURANCE INVESTMENT-LINKED FUNDS 

1

STATEMENT BY MANAGER 

MAA ASSURANCE INVESTMENT-LINKED FUNDS CONSISTING OF 

MAA GROWTH FUND 

MAA BALANCED FUND 

MAA INCOME FUND 

MAA DANA MAS MAJU 

MAA DANA SERI MULIA 

MAA SMALL CAP FUND 

MAA TECHNOLOGY FUND 

MAA CAPITAL GUARANTEED FUND 

MAA CASH RESERVE FUND 

MAA BILLION CAP FUND 

MAA EQUITY BOOSTER FUND 

MAA VULTURE FUND 

MAA CAPITAL GUARANTEED 2 FUND 

MAA YIELD GUARANTEED FUND 

MAA DANA MAS YAKIN 


MAA PLATINUM FUND 

MAA GLOBAL ASSETS GUARANTEED FUND 

MAA CAPITAL GUARANTEED ASIA PACIFIC EQUITIES FUND 

MAA CAPITAL GUARANTEED SWING 6 FUND 

(hereinafter referred to collectively as ‘the Funds’) 

We, Muhamad Umar Swift and Yeo Took Keat two of the Directors of Malaysian Assurance Alliance Berhad, state that, in the 

opinion of the Manager of the above Funds, the accompanying financial statements set out on pages 66 to 151 have been properly 

drawn up in accordance with the Malaysian Accounting Standards Board (“MASB”) approved accounting standards in Malaysia 

for Entities Other than Private Entities, modified by the Guidelines on Investment-Linked Insurance/Takaful Business issued by 

Bank Negara Malaysia so as to give a true and fair view of the financial position of the Funds as of 31 December 2010 and of their 

financial perfomance and changes in net asset value for the financial year then ended. 

Signed on behalf of the Board of Directors of the Manager in accordance with their resolution dated 29 April 2011. 

MUHAMAD UMAR SWIFT 

DIRECTOR 

YEO TOOK KEAT 

DIRECTOR 

Kuala Lumpur 

29 April 2011 

ANNUAL REPORT 2010 

MAA ASSURANCE 

INVESTMENT-LINKED FUNDS 

DANA BERKAITAN-PELABURAN MAA ASSURANCE 

2

KENYATAAN OLEH PENGURUS 

DANA-DANA BERKAITAN-PELABURAN MAA ASSURANCE TERDIRI DARIPADA 

DANA MAA GROWTH 

DANA MAA BALANCED 

DANA MAA INCOME 



DANA MAA SMALL CAP 

DANA MAA TECHNOLOGY 

DANA MAA CAPITAL GUARANTEED 

DANA MAA CASH RESERVE 

DANA MAA BILLION CAP 

DANA MAA EQUITY BOOSTER 

DANA MAA VULTURE 

DANA MAA CAPITAL GUARANTEED 2 

DANA MAA YIELD GUARANTEED 



DANA MAA PLATINUM 

DANA MAA GLOBAL ASSETS GUARANTEED 

DANA MAA CAPITAL GUARANTEED ASIA PACIFIC EQUITIES 

DANA MAA CAPITAL GUARANTEED SWING 6 

(selepas ini dirujuk secara bersama sebagai ‘Dana-Dana’) 

Kami, Muhamad Umar Swift dan Yeo Took Keat, dua daripada Pengarah Malaysian Assurance Alliance Berhad, menyatakan 

bahawa, pada pendapat Pengurus Dana-Dana di atas, penyata-penyata kewangan yang dibentangkan di mukasurat 66 hingga 

151 telah dibentangkan mengikut piawaian perakaunan Lembaga Piawaian Perakaunan Malaysia yang diluluskan di Malaysia 

bagi Entiti Selain Daripada Entiti Perseorangan, dipinda oleh Garispanduan Insurans Berkaitan-Pelaburan / Perniagaan Takaful 

yang dikeluarkan oleh Bank Negara Malaysia bagi memberikan gambaran yang jelas dan saksama mengenai kedudukan 

kewangan Dana-Dana pada 31 Disember 2010 serta prestasi kewangan dan perubahan dalam nilai aset bersih bagi tahun 

berakhir berkenaan. 

Ditandatangan bagi pihak Lembaga Pengarah Pengurus selaras dengan resolusi bertarikh 29 April 2011. 

MUHAMAD UMAR SWIFT 

PENGARAH 

YEO TOOK KEAT 

PENGARAH 

Kuala Lumpur 

29 April 2011 



MAA ASSURANCE 


3

INDEPENDENT AUDITORS’ REPORT TO THE POLICYHOLDERS 

MAA ASSURANCE INVESTMENT-LINKED FUNDS CONSISTING OF 








MAA CAPITAL GUARANTEED FUND 

MAA CASH RESERVE FUND 





MAA YIELD GUARANTEED FUND 



MAA PLATINUM FUND 

MAA GLOBAL ASSETS GUARANTEED FUND 

MAA CAPITAL GUARANTEED ASIA PACIFIC EQUITIES FUND 

MAA CAPITAL GUARANTEED SWING 6 FUND 

(hereinafter referred to collectively as ‘the Funds’) 

REPORT ON THE FINANCIAL STATEMENTS 

We have audited the financial statements of MAA Assurance Investment-Linked Funds, which comprise the statements of assets 

and liabilities as at 31 December 2010, and the statements of income and expenditure, and changes in the net asset value for the 

financial year then ended, and a summary of significant accounting policies and other explanatory notes, as set out on notes 1 to 

4 on pages 66 to 151. 

Manager’s Responsibility for the Financial Statements 

Malaysian Assurance Alliance Berhad, the Manager of the Funds, is responsible for the preparation of these financial statements 

that give a true and fair view in accordance with the MASB Approved Accounting Standards in Malaysia for Entities Other than 

Private Entities, as modified by the Guidelines on Investment-linked Insurance/Takaful Business issued by Bank Negara Malaysia, 

and for such internal control as the Manager determine are necessary to enable the presentation of financial statements that are 

free from material misstatement, whether due to fraud or error. 

Auditors’ Responsibility 

Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance 

with approved standards on auditing in Malaysia. Those standards require that we comply with ethical requirements and plan and 

perform the audit to obtain reasonable assurance whether the financial statements are free from material misstatement. 

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. 

The procedures selected depend on our judgment, including the assessment of risks of material misstatement of the financial 

statements, whether due to fraud or error. In making those risk assessments, we consider internal control relevant to the Manager’s 

preparation of these financial statements that give a true and fair view in order to design audit procedures that are appropriate in 

the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Manager’s internal control. An audit 

also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made 

by the Manager, as well as evaluating the overall presentation of the financial statements. 

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. 


MAA ASSURANCE 



4

INDEPENDENT AUDITORS’ REPORT TO THE POLICYHOLDERS 

Opinion 

In our opinion, the financial statements have been properly drawn up in accordance with the MASB Approved Accounting 

Standards in Malaysia for Entities Other than Private Entities, as modified by the Guidelines on the Investment-Linked Insurance/ 

Takaful Business issued by Bank Negara Malaysia, so as to give a true and fair view of the financial position of the Funds as of 31 

December 2010 and of its financial performance for the financial year then ended. 

OTHER MATTERS 

This report is made solely to the Policyholders of the Funds, as a body, and for no other purpose. We do not assume responsibility 

to any other person for the content of this report. 

PRICEWATERHOUSECOOPERS 

(No. AF: 1146) 

Chartered Accountants 

Kuala Lumpur 

29 April 2011 



MAA ASSURANCE 


5

LAPORAN JURUAUDIT BERKECUALI KEPADA PEMEGANG POLISI 

DANA-DANA BERKAITAN-PELABURAN MAA ASSURANCE TERDIRI DARIPADA 

DANA MAA GROWTH 

DANA MAA BALANCED 

DANA MAA INCOME 



DANA MAA SMALL CAP 

DANA MAA TECHNOLOGY 

DANA MAA CAPITAL GUARANTEED 

DANA MAA CASH RESERVE 

DANA MAA BILLION CAP 

DANA MAA EQUITY BOOSTER 

DANA MAA VULTURE 


DANA MAA YIELD GUARANTEED 



DANA MAA PLATINUM 

DANA MAA GLOBAL ASSETS GUARANTEED 

DANA MAA CAPITAL GUARANTEED ASIA PACIFIC EQUITIES 

DANA MAA CAPITAL GUARANTEED SWING 6 

(selepas ini dirujuk secara bersama sebagai ‘Dana-Dana’) 

LAPORAN PENYATA KEWANGAN 

Kami telah mengaudit penyata-penyata kewangan Dana-Dana Berkaitan Pelaburan MAA Assurance, yang terdiri daripada 

penyata aset dan liabiliti pada 31 Disember 2010, dan penyata pendapatan dan perbelanjaan serta perubahan dalam nilai 

aset bersih bagi tahun berakhir tersebut, serta ringkasan polisi perakaunan penting dan lain-lain nota penerangan, seperti yang 

dibentangkan di nota 1 hingga 4 di mukasurat 66 hingga 151. 

Tanggungjawab Pengurus terhadap Penyata Kewangan 

Malaysian Assurance Alliance Berhad, Pengurus Dana adalah bertanggungjawab terhadap penyediaan penyata-penyata 

kewangan yang memberi gambaran yang jelas dan saksama mengikut Piawaian Perakaunan Diluluskan MASB di Malaysia bagi 

Entiti selain daripada Entiti Perseorangan, seperti yang dipinda oleh Garispanduan Insurans Berkaitan-Pelaburan / Perniagaan 

Takaful yang dikeluarkan oleh Bank Negara Malaysia dan bagi kawalan dalaman yang telah ditentukan oleh Pengurus sebagai 

perlu dalam membentangkan penyata-penyata kewangan yang bebas dari salah nyata, samada disebabkan penipuan atau 

kesilapan. 

Tanggungjawab Juruaudit 

Tanggungjawab kami adalah untuk memberi pendapat berkenaan penyata-penyata kewangan ini berdasarkan audit yang 

kami jalankan. Kami melaksanakan audit kami mengikut piawaian pengauditan yang diluluskan di Malaysia. Piawaian-piawaian 

tersebut memerlukan kami mematuhi keperluan etika serta merancang dan melaksanakan audit untuk mendapatkan kepastian 

yang sewajarnya bahawa penyata-penyata kewangan ini adalah bebas dari sebarang salah nyata penting. 

Sesuatu audit melibatkan prosedur bagi mendapatkan bukti audit mengenai jumlah dan pendedahan bagi penyata-penyata 

kewangan. Prosedur yang dipilih adalah berasaskan penghakiman kami merangkumi penilaian risiko salah nyata penting penyata 

kewangan, samada disebabkan penipuan atau kesilapan. Dalam melaksanakan penilaian risiko tersebut, kami mengambil kira 

kawalan dalaman yang berkaitan dengan penyediaan penyata kewangan oleh Pengurus yang memberi gambaran yang jelas dan 

saksama bagi membentuk prosedur audit yang bersesuaian dengan keadaan, namun bukan dengan tujuan untuk menyatakan 

pendapat mengenai keberkesanan kawalan dalam Pengurus. Sesuatu audit juga merangkumi penilaian ketepatan prinsip 

perakaunan yang digunakan dan kewajaran anggaran perakaunan yang dibuat oleh Pengurus dan juga penilaian pembentangan 

penyata kewangan secara keseluruhannya. 

Kami percaya bahawa bukti audit yang kami perolehi adalah mencukupi dan bertepatan bagi membentuk asas bagi audit kami. 


MAA ASSURANCE 



6

LAPORAN JURUAUDIT BERKECUALI KEPADA PEMEGANG POLISI 

Pendapat 

Pada pendapat kami, penyata-penyata kewangan ini telah disediakan mengikut Piawaian Perakaunan Diluluskan MASB di 

Malaysia bagi Entiti selain daripada Entiti Perseorangan, seperti yang dipinda oleh Garispanduan Insurans Berkaitan Pelaburan / 

Perniagaan Takaful yang dikeluarkan oleh Bank Negara Malaysia bagi memberikan gambaran yang jelas dan saksama mengenai 

kedudukan kewangan Dana pada 31 Disember 2010 serta prestasi kewangan bagi tahun berakhir berkenaan. 

LAIN-LAIN HAL 

Laporan ini dibuat khusus kepada para Pemegang Polisi Dana, sebagai suatu pertubuhan, dan bukan untuk tujuan lain. Kami 

tidak bertanggungjawab terhadap mana-mana orang lain bagi kandungan laporan ini. 

PRICEWATERHOUSECOOPERS 

(No. AF: 1146) 

Akauntan Berkanun 

Kuala Lumpur 

29 April 2011 



MAA ASSURANCE 


7

FUND OBJECTIVE AND FUND PERFORMANCE 

AS AT 31 DECEMBER 2010 

Name of Funds MAA Growth Fund MAA Balanced Fund 

Fund’s Investment Objectives 

The MAA Growth Fund is an equity fund 

which aims to provide capital growth 

over the medium to long-term through a 

diversified, growth-oriented portfolio. 

The MAA Balanced Fund is a diversified 

equity and bond fund which aims to provide 

a balanced mix of fixed income returns, as 

well as capital growth over the medium to 

long-term. 

Asset Allocation 

Malaysian Government 

Securities 

N/A 


Securities 

Equities Securities 78.27% Equities Securities 51.53% 

Fixed Income Securities 22.98% Fixed Income Securities 48.16% 

Cash Equivalent 0.11% Cash Equivalent 0.09% 

Other Assets & Liabilities -1.36% Other Assets & Liabilities 0.22% 

Net Investment Returns Y/E 2006 5,002,533 Y/E 2006 1,484,802 

Y/E 2007 7,436,910 Y/E 2007 2,748,475 

Y/E 2008 6,516,954 Y/E 2008 2,725,725 

Y/E 2009 5,533,358 Y/E 2009 3,207,741 

Y/E 2010 7,232,690 Y/E 2010 4,167,181 

N/A 

Description of charges levied 

Fund Management fee up to 1.5% per annum 

Changes of Objective, restriction & 

limitation during the year 

No change 

Details of distribution 

NAV per unit - before distribution 0.448 0.483 

NAV per unit - after distribution 0.390 0.420 

Future prospects and proposed 

strategies 

The performance of the Malaysian stock 

market in 2011 will be driven by liquidity and 

news flows. Valuations are supported by 

improving macro and micro fundamentals, 

though inflation will be a concern going 

forward. The MAA Growth Fund will 

continue to take a long-term investment 

view and invest primarily in growth stocks. 






forward. The MAA Balanced Fund offers 

a balanced mix of fixed income and equity 

returns. 

Performance of relevant benchmark 

indices 

KLCI 

50% KLCI + 50% FD 

Y/E 2006 21.80% Y/E 2006 12.80% 

Y/E 2007 31.80% Y/E 2007 17.80% 

Y/E 2008 -39.30% Y/E 2008 -17.80% 

Y/E 2009 45.20% Y/E 2009 23.90% 

Y/E 2010 19.30% Y/E 2010 11.10% 


MAA ASSURANCE 



8

OBJEKTIF DANA DAN PRESTASI DANA 

PADA 31 DISEMBER 2010 

Dana Dana MAA Growth Dana MAA Balanced 

Objektif Pelaburan Dana Dana MAA Growth merupakan dana 

ekuiti yang bersasaran menyediakan 

pertumbuhan modal dalam jangkamasa 

sederhana hingga jangkamasa panjang 

melalui portfolio yang pelbagai dan 

berorientasikan pertumbuhan. 

Dana MAA Balanced merupakan dana 

ekuiti dan bon pelbagai yang bersasaran 

menyediakan campuran pulangan 

pendapatan tetap yang seimbang, serta 


sederhana hingga jangkamasa panjang. 

Peruntukan Aset 

Sekuriti Kerajaan 

Malaysia 

N/A 


Malaysia 

Sekuriti Ekuiti 78.27% Sekuriti Ekuiti 51.53% 

Sekuriti Pendapatan Tetap 22.98% Sekuriti Pendapatan Tetap 48.16% 

Kesetaraan Tunai 0.11% Kesetaraan Tunai 0.09% 

Aset & Liabiliti Lain -1.36% Aset & Liabiliti Lain 0.22% 

Pulangan Pelaburan Bersih T/B 2006 5,002,533 T/B 2006 1,484,802 

T/B 2007 7,436,910 T/B 2007 2,748,475 

T/B 2008 6,516,954 T/B 2008 2,725,725 

T/B 2009 5,533,358 T/B 2009 3,207,741 

T/B 2010 7,232,690 T/B 2010 4,167,181 

N/A 

Penerangan bagi caj yang dikenakan 

Yuran pengurusan dana sebanyak 1.5% setahun 

Perubahan kepada Objektif, larangan 

& pembatasan sepanjang tahun 

Tiada perubahan 

Maklumat pengagihan 

NAV seunit - sebelum pengagihan 0.448 0.483 

NAV seunit - selepas pengagihan 0.390 0.420 

Prospek masa depan dan strategi 

cadangan 

Prestasi pasaran saham Malaysia dalam Prestasi pasaran saham Malaysia dalam 

tahun 2011 akan bergantung kepada tahun 2011 akan bergantung kepada 

aliran mudah tunai dan berita. Penilaian aliran mudah tunai dan berita. Penilaian 

disokong oleh asas makro dan mikro disokong oleh asas makro dan mikro 

yang lebih baik, sungguhpun inflasi perlu yang lebih baik, sungguhpun inflasi perlu 

dipertimbangkan. Dana MAA Growth dipertimbangkan. Dana MAA Balanced 

akan terus membuat pelaburan jangka menawarkan campuran seimbang 

panjang dan melabur terutamanya dalam pulangan pendapatan tetap dan ekuiti. 

stok pertumbuhan. 

Prestasi ukur rujuk indeks yang 

berkaitan 

KLCI 

50% KLCI + 50% FD 

T/B 2006 21.80% T/B 2006 12.80% 

T/B 2007 31.80% T/B 2007 17.80% 

T/B 2008 -39.30% T/B 2008 -17.80% 

T/B 2009 45.20% T/B 2009 23.90% 

T/B 2010 19.30% T/B 2010 11.10% 



MAA ASSURANCE 


9



Name of Funds MAA Income Fund MAA Dana Mas Maju 


The MAA Income Fund is a bond fund 

which aims to provide a stable level of 

income with some capital growth over the 

medium to long-term through investments 

predominantly in a diversified portfolio of 

fixed income securities. 

The MAA Dana Mas Maju is an Islamic 

equity fund which aims to provide capital 

growth over the medium to long-term 

through investments in a diversified, 

growth-oriented portfolio of Syariahapproved 

shares listed on Bursa Malaysia. 



Securities 

N/A 


Securities 




Other Assets & Liabilities 2.04% Other Assets & Liabilities -1.52% 


Y/E 2007 2,378,243 Y/E 2007 2,568,620 

Y/E 2008 2,921,609 Y/E 2008 3,735,632 

Y/E 2009 2,891,109 Y/E 2009 2,021,363 

Y/E 2010 2,893,986 Y/E 2010 2,632,410 

Description of charges levied Fund Management fee of 1.0% per annum 

Fund Management fee up to 1.5% per 

annum 

N/A 



No change 





strategies 

The performance of the Malaysian bond 

market in 2011 will be underpinned by a 

positive domestic economic outlook, and 

improved appetite for debt papers and 

the local currency. The MAA Income Fund 

will maintain a diversified bond portfolio to 

mitigate interest rate and credit risks. 






forward. The MAA Dana Mas Maju will 


view and invest primarily in Syariahapproved 

growth stocks. 


indices 

1 Year Fixed Deposits FBM Syariah 

Y/E 2006 3.70% Y/E 2006 23.80% 

Y/E 2007 3.70% Y/E 2007 45.60% 

Y/E 2008 3.70% Y/E 2008 -43.50% 

Y/E 2009 2.60% Y/E 2009 43.00% 

Y/E 2010 2.80% Y/E 2010 18.20% 


MAA ASSURANCE 



10



Dana Dana MAA Income MAA Dana Mas Maju 

Objektif Pelaburan Dana 

Dana MAA Income merupakan dana bon 

yang bersasaran menyediakan pendapatan 

bertahap stabil dengan pertumbuhan 

modal dalam jangkamasa sederhana 

hingga jangkamasa panjang melalui 

pelaburan terutamanya dalam portfolio 

sekuriti pendapatan tetap yang pelbagai. 

MAA Dana Mas Maju merupakan dana 

ekuiti Islam yang bersasaran menyediakan 



melalui pelaburan yang pelbagai namun 

berorientasikan pertumbuhan dalam 

portfolio saham- saham diluluskan Syariah 

di Bursa Malaysia. 



Malaysia 

N/A 


Malaysia 




Aset & Liabiliti Lain 2.04% Aset & Liabiliti Lain -1.52% 


T/B 2007 2,378,243 T/B 2007 2,568,620 

T/B 2008 2,921,609 T/B 2008 3,735,632 

T/B 2009 2,891,109 T/B 2009 2,021,363 

T/B 2010 2,893,986 T/B 2010 2,632,410 


Yuran pengurusan dana sebanyak 1.0% 

setahun 


setahun 

N/A 








cadangan 

Prestasi pasaran Bon Malaysia dalam 

2011 akan disokong oleh keadaan 

ekonomi domestik yang positif serta 

kertas hutang dan matawang tempatan 

yang berkedudukan lebih baik. Dana 

MAA Income akan mengekalkan portfolio 

pelbagai bon bagi mengurangkan risiko 

faedah dan kredit. 

Prestasi pasaran saham Malaysia dalam 

tahun 2011 akan bergantung kepada 

aliran mudah tunai dan berita. Penilaian 

disokong oleh asas makro dan mikro 

yang lebih baik, sungguhpun inflasi perlu 

dipertimbangkan. MAA Dana Mas Maju 

akan terus membuat pelaburan jangka 

panjang dan melabur dalam saham 

pertumbuhan diluluskan Syariah. 


berkaitan 

Simpanan Tetap 1 Tahun 

FBM Syariah 

T/B 2006 3.70% T/B 2006 23.80% 

T/B 2007 3.70% T/B 2007 45.60% 

T/B 2008 3.70% T/B 2008 -43.50% 

T/B 2009 2.60% T/B 2009 43.00% 

T/B 2010 2.80% T/B 2010 18.20% 



MAA ASSURANCE 


11



Name of Funds MAA Dana Seri Mulia MAA Small Cap Fund 


The MAA Dana Seri Mulia is an Islamic 

bond fund which aims to provide a stable 

level of income with some capital growth 

over the medium to long-term through 

investments predominantly in a diversified 

portfolio of Syariah-compliant fixed income 

securities. 

The MAA Small Cap Fund is an equity fund 

which aims to provide long-term capital 

growth through investments in small high 

growth companies with a paid-up capital of 

up to RM300million. 



Securities 

10.80% 


Securities 




Other Assets & Liabilities 0.65% Other Assets & Liabilities 1.83% 

Net Investment Returns Y/E 2006 900,699 Y/E 2006 140,363 

Y/E 2007 1,034,732 Y/E 2007 47,829 

Y/E 2008 1,320,256 Y/E 2008 72,941 

Y/E 2009 1,578,517 Y/E 2009 74,034 

Y/E 2010 2,238,071 Y/E 2010 114,770 

Description of charges levied Fund Management fee of 1.0% per annum 


annum 

N/A 



No change 


NAV per unit - before distribution 0.529 N/A 

NAV per unit - after distribution 0.500 N/A 


strategies 




improved appetite for debt papers and the 

local currency. The MAA Dana Seri Mulia 

will maintain a diversified Islamic bond 

portfolio to mitigate interest rate and credit 

risks. 






forward. The MAA Small Cap Fund will 


view and invest in small cap growth stocks. 


indices 

1 Year Fixed Deposits FBM Small Cap 

Y/E 2006 3.70% Y/E 2006 39.80% 

Y/E 2007 3.70% Y/E 2007 63.70% 

Y/E 2008 3.70% Y/E 2008 -46.60% 

Y/E 2009 2.60% Y/E 2009 55.10% 

Y/E 2010 2.80% Y/E 2010 24.20% 


MAA ASSURANCE 



12



Dana MAA Dana Seri Mulia Dana MAA Small Cap 


MAA Dana Seri Mulia merupakan dana 

bon Islam yang bersasaran menyediakan 

pendapatan bertahap stabil serta 



terutamanya melalui pelbagai portfolio 

pelaburan sekuriti pendapatan tetap yang 

mematuhi Syariah. 

Dana MAA Small Cap merupaka dana 


pertumbuhan modal jangkamasa panjang 

melalui pelaburan dalam syarikat kecil 

dengan pertumbuhan tinggi yang memiliki 

modal berbayar sehingga RM300 juta. 



Malaysia 

10.80% 


Malaysia 




Aset & Liabiliti Lain 0.65% Aset & Liabiliti Lain 1.83% 

Pulangan Pelaburan Bersih T/B 2006 900,699 T/B 2006 140,363 

T/B 2007 1,034,732 T/B 2007 47,829 

T/B 2008 1,320,256 T/B 2008 72,941 

T/B 2009 1,578,517 T/B 2009 74,034 

T/B 2010 2,238,071 T/B 2010 114,770 



setahun 


setahun 

N/A 





NAV seunit - sebelum pengagihan 0.529 N/A 

NAV seunit - selepas pengagihan 0.500 N/A 


cadangan 





yang berkedudukan lebih baik. Dana MAA 

Seri Mulia akan mengekalkan portfolio 

pelbagai bon Islam bagi mengurangkan 

risiko faedah dan kredit. 


tahun 2011 akan bergantung kepada 

aliran mudah tunai dan berita. Penilaian 

disokong oleh asas makro dan mikro 

yang lebih baik, sungguhpun inflasi perlu 

dipertimbangkan. Dana MAA Small Cap 

akan terus membuat pelaburan jangka 

panjang dan melabur dalam saham 

pertumbuhan bermodal kecil. 


berkaitan 


FBM Small Cap 

T/B 2006 3.70% T/B 2006 39.80% 

T/B 2007 3.70% T/B 2007 63.70% 

T/B 2008 3.70% T/B 2008 -46.60% 

T/B 2009 2.60% T/B 2009 55.10% 

T/B 2010 2.80% T/B 2010 24.20% 



MAA ASSURANCE 


13



Name of Funds MAA Technology Fund MAA Capital Guaranteed Fund 

Fund’s Investment Objectives The MAA Technology Fund is a 

diversified equity fund which aims to 

provide long-term capital growth through 

investments predominantly in technology, 

telecommunications, information technology 

and media companies. 

The MAA Capital Guaranteed Fund is a 

principal-protected bond fund which aims 

to provide stable income with some capital 

growth at the end of the 5-year maturity 

period through investments in fixed income 

instruments and equity-related securities. 



Securities 

N/A 


Securities 

Equities Securities 34.59% Equities Securities N/A 

Fixed Income Securities 72.37% Fixed Income Securities N/A 

Cash Equivalent 2.52% Cash Equivalent N/A 

Other Assets & Liabilities -9.47% Other Assets & Liabilities N/A 

Net Investment Returns Y/E 2006 60,986 Y/E 2006 1,216,138 

Y/E 2007 73,973 Y/E 2007 852,240 

Y/E 2008 62,807 Y/E 2008 481,275 

Y/E 2009 21,762 Y/E 2009 152,617 

Y/E 2010 31,050 Y/E 2010 20,649 



annum 

N/A 

Fund Management fee of 1.0% per annum 



No change 


NAV per unit - before distribution N/A N/A 

NAV per unit - after distribution N/A N/A 


strategies 






forward. The MAA Technology Fund will 

continue to take a long-term investment view 

and invest in growth stocks in the technology, 

telecommunications, information technology 

and media sectors. 

The 5-year MAA Capital Guaranteed Fund 

fully matured in June 2010. 


indices 

KL Technology 

1 Year Fixed Deposits 

Y/E 2006 5.50% Y/E 2006 3.70% 

Y/E 2007 -13.60% Y/E 2007 3.70% 

Y/E 2008 -43.90% Y/E 2008 3.70% 

Y/E 2009 32.50% Y/E 2009 2.60% 

Y/E 2010 1.80% Y/E 2010 2.80% 


MAA ASSURANCE 



14



Dana Dana MAA Technology Dana MAA Capital Guaranteed 

Objektif Pelaburan Dana Dana MAA Technology merupakan Dana MAA Capital Guaranteed merupakan 

dana ekuiti pelbagai yang bersasaran dana bon modal terjamin yang bersasaran 

menyediakan pertumbuhan modal menawarkan pendapatan stabil dan 

jangkamasa panjang melalui pelaburan mempunyai pertumbuhan modal pada akhir 

secara utamanya dalam syarikat teknologi tempoh matang 5 tahun melalui pelaburan 

telekomunikasi, teknologi maklumat dan dalam instrumen pendapatan tetap dan 

media. 

sekuriti berkaitan ekuiti. 



Malaysia 

N/A 


Malaysia 

Sekuriti Ekuiti 34.59% Sekuriti Ekuiti N/A 

Sekuriti Pendapatan Tetap 72.37% Sekuriti Pendapatan Tetap N/A 

Kesetaraan Tunai 2.52% Kesetaraan Tunai N/A 

Aset & Liabiliti Lain -9.47% Aset & Liabiliti Lain N/A 

Pulangan Pelaburan Bersih T/B 2006 60,986 T/B 2006 1,216,138 

T/B 2007 73,973 T/B 2007 852,240 

T/B 2008 62,807 T/B 2008 481,275 

T/B 2009 21,762 T/B 2009 152,617 

T/B 2010 31,050 T/B 2010 20,649 



setahun 


setahun 

N/A 





NAV seunit - sebelum pengagihan N/A N/A 

NAV seunit - selepas pengagihan N/A N/A 


cadangan 


tahun 2011 akan bergantung kepada aliran 

mudah tunai dan berita. Penilaian disokong 

oleh asas makro dan mikro yang lebih baik, 

sungguhpun inflasi perlu dipertimbangkan. 

Dana MAA Technology akan terus melabur 

secara jangka panjang dan melabur dalam 

saham pertumbuhan sektor teknologi, 

telekomunikasi, teknologi maklumat dan 

media. 

Dana MAA Capital Guaranteed bertempoh 

5 tahun ini telah matang pada Jun 2010. 


berkaitan 

KL Technology 


T/B 2006 5.50% T/B 2006 3.70% 

T/B 2007 -13.60% T/B 2007 3.70% 

T/B 2008 -43.90% T/B 2008 3.70% 

T/B 2009 32.50% T/B 2009 2.60% 

T/B 2010 1.80% T/B 2010 2.80% 



MAA ASSURANCE 


15



Name of Funds MAA Cash Reserve Fund MAA Billion Cap Fund 


The MAA Cash Reserve Fund is a 

cash management fund which aims to 

provide returns on surplus cash through 

investments predominantly in short-term 

fixed income instruments and money 

market placements. 

The MAA Billion Cap Fund is an equity 

fund which aims to provide capital growth 

over the medium to long-term through 

diversified investments in large blue-chip 

companies with a market capitalization of 

RM1 billion and above. 



Securities 

N/A 


Securities 

Equities Securities N/A Equities Securities 89.61% 


Cash Equivalent N/A Cash Equivalent 0.15% 

Other Assets & Liabilities -0.04% Other Assets & Liabilities -1.56% 


Y/E 2007 457,117 Y/E 2007 395,114 

Y/E 2008 282,524 Y/E 2008 648,216 

Y/E 2009 241,553 Y/E 2009 499,601 

Y/E 2010 250,139 Y/E 2010 614,125 


Fund Management fee of 0.75% per 

annum 


annum 

N/A 



No change 





strategies 




improved appetite for debt papers and the 

local currency. The MAA Cash Reserve 

Fund will focus on shorter tenure fixed 

income securities and money market 

placements to provide stable income to the 

unitholders. 






forward. The MAA Billion Cap Fund will 


view and invest in large cap growth stocks. 


indices 

1 Year Fixed Deposits KLCI 

Y/E 2006 3.70% Y/E 2006 21.80% 

Y/E 2007 3.70% Y/E 2007 31.80% 

Y/E 2008 3.70% Y/E 2008 -39.30% 

Y/E 2009 2.60% Y/E 2009 45.20% 

Y/E 2010 2.80% Y/E 2010 19.30% 


MAA ASSURANCE 



16



Dana Dana MAA Cash Reserve Dana MAA Billion Cap 


Dana MAA Cash Reserve merupakan 

dana pengurusan tunai yang bersasaran 

menyediakan pulangan atas lebihan 

tunai melalui pelaburan dalam instrumen 

pendapatan tetap jangka pendek dan 

pasaran wang. 

Dana MAA Billion Cap merupakan dana 


pertumbuhan modal jangkamasa 


melalui pelaburan dalam syarikat cip biru 

yang besar dengan permodalan pasaran 

bernilai RM1bilion dan ke atas. 



Malaysia 

N/A 


Malaysia 

Sekuriti Ekuiti N/A Sekuriti Ekuiti 89.61% 


Kesetaraan Tunai N/A Kesetaraan Tunai 0.15% 

Aset & Liabiliti Lain -0.04% Aset & Liabiliti Lain -1.56% 


T/B 2007 457,117 T/B 2007 395,114 

T/B 2008 282,524 T/B 2008 648,216 

T/B 2009 241,553 T/B 2009 499,601 

T/B 2010 250,139 T/B 2010 614,125 



setahun 


setahun 

N/A 








cadangan 





yang berkedudukan lebih baik. Dana 

MAA Cash Reserve akan menumpukan 

pada pelaburan berjangka pendek seperti 

sekuriti pendapatan tetap dan pasaran 

wang bagi menawarkan pendapatan stabil 

kepada pemegang unit. 






Dana MAA Billion Cap akan terus 

membuat pelaburan jangka panjang dan 

melabur dalam saham pelaburan bermodal 

besar. 


berkaitan 


KLCI 

T/B 2006 3.70% T/B 2006 21.80% 

T/B 2007 3.70% T/B 2007 31.80% 

T/B 2008 3.70% T/B 2008 -39.30% 

T/B 2009 2.60% T/B 2009 45.20% 

T/B 2010 2.80% T/B 2010 19.30% 



MAA ASSURANCE 


17



Name of Funds MAA Equity Booster Fund MAA Vulture Fund 


The MAA Equity Booster Fund is a equity 

fund which aims to provide capital growth 

over the short to medium-term through 

diversified investments in equities, 

warrants and other equity-related derivative 

securities. 

The MAA Vulture Fund is an equity fund 

which aims to provide capital growth 

over the short to medium-term using an 

active asset allocation strategy to benefit 

from market timing and potential trading 

opportunities. 



Securities 

N/A 


Securities 






Y/E 2007 42,183 Y/E 2007 723,701 

Y/E 2008 89,873 Y/E 2008 2,454,155 

Y/E 2009 82,616 Y/E 2009 2,294,329 

Y/E 2010 143,351 Y/E 2010 2,632,857 

N/A 


Fund Management fee up to 1.5% per annum 



No change 





strategies 






forward. The MAA Equity Booster Fund 

will continue to invest primarily in higher 

beta stocks and equity-related securities to 

provide leverage to the stock market. 






forward. The MAA Vulture Fund will 

continue to invest in undervalued stocks 

and trade on market momentum. 


indices 

KLCI 

KLCI 

Y/E 2006 21.80% Y/E 2006 21.80% 

Y/E 2007 31.80% Y/E 2007 31.80% 

Y/E 2008 -39.30% Y/E 2008 -39.30% 

Y/E 2009 45.20% Y/E 2009 45.20% 

Y/E 2010 19.30% Y/E 2010 19.30% 


MAA ASSURANCE 



18



Dana Dana MAA Equity Booster Dana MAA Vulture 


Dana MAA Equity Booster merupakan Dana MAA Vulture merupakan dana 

dana ekuiti yang bersasaran menyediakan ekuiti yang bersasaran menyediakan 

pertumbuhan modal jangkamasa pendek pertumbuhan modal jangkamasa pendek 

hingga jangkamasa sederhana melalui hingga jangkamasa sederhana dengan 

pelaburan ekuiti, waran dan sekuriti menggunakan strategi peruntukan aset 

derivatif berkaitan ekuiti yang lain. yang aktif untuk memperolehi manfaat 

daripada pemasaan pasaran dan potensi 

peluang berurusniaga. 



Malaysia 

N/A 


Malaysia 






T/B 2007 42,183 T/B 2007 723,701 

T/B 2008 89,873 T/B 2008 2,454,155 

T/B 2009 82,616 T/B 2009 2,294,329 

T/B 2010 143,351 T/B 2010 2,632,857 

N/A 










cadangan 






Dana MAA Equity Booster akan terus 

melabur dalam saham beta tinggi dan 

ekuiti berkaitan sekuriti bagi menyediakan 

kelebihan lebih tinggi pada pasaran saham. 






Dana MAA Vulture akan terus melabur 

dalam saham bawah nilai dan berurus 

niaga mengikut momentum pasaran. 


berkaitan 

KLCI 

KLCI 

T/B 2006 21.80% T/B 2006 21.80% 

T/B 2007 31.80% T/B 2007 31.80% 

T/B 2008 -39.30% T/B 2008 -39.30% 

T/B 2009 45.20% T/B 2009 45.20% 

T/B 2010 19.30% T/B 2010 19.30% 



MAA ASSURANCE 


19



Name of Funds MAA Capital Guaranteed 2 Fund MAA Yield Guaranteed Fund 


The MAA Capital Guaranteed 2 Fund is a 






The MAA Yield Guaranteed Fund is a 

bond fund which aims to provide principalprotection 

and a minimum yield of 16% of 

initial outlay at the end of the 5-year maturity 





Securities 

8.74% 


Securities 

Equities Securities 5.01% Equities Securities N/A 

Fixed Income Securities 86.28% Fixed Income Securities N/A 

Cash Equivalent 0.00% Cash Equivalent N/A 

Other Assets & Liabilities -0.04% Other Assets & Liabilities N/A 


Y/E 2007 2,006,601 Y/E 2007 1,184,712 

Y/E 2008 1,113,004 Y/E 2008 1,132,339 

Y/E 2009 867,206 Y/E 2009 901,092 

Y/E 2010 555,441 Y/E 2010 493,883 

N/A 





No change 





strategies 


market in 2011 will be underpinned by 

a positive domestic economic outlook, 

and improved appetite for debt papers 

and the local currency. The MAA Capital 

Guaranteed 2 Fund will focus on shorter 

tenure bond investments and money 

market placements to match the remaining 

capital guaranteed period. The 5-year Fund 

will fully mature in June 2011. 

The 5-year MAA Yield Guaranteed Fund 

fully matured in December 2010 and 

provided a minimum total yield of 16% to 

the unitholders. 


indices 

1 Year Fixed Deposits 1 Year Fixed Deposits 

Y/E 2006 3.70% Y/E 2006 3.70% 

Y/E 2007 3.70% Y/E 2007 3.70% 

Y/E 2008 3.70% Y/E 2008 3.70% 

Y/E 2009 2.60% Y/E 2009 2.60% 

Y/E 2010 2.80% Y/E 2010 2.80% 


MAA ASSURANCE 



20



Dana Dana MAA Capital Guaranteed 2 Dana MAA Yield Guaranteed 

Objektif Pelaburan Dana Dana MAA Capital Guaranteed 2 

merupakan dana bon modal dijamin yang 

bersasaran menawarkan pendapatan 

stabil dan pertumbuhan modal berpotensi 

pada akhir tempoh matang 5 tahun melalui 

pelaburan dalam instrumen pendapatan 

tetap dan sekuriti berkaitan ekuiti. 

Dana MAA Yield Guaranteed merupakan 

dana bon yang bersasaran memberi 

perlindungan modal dan pulangan 

minimum sebanyak 16% daripada 

pelaburan permulaan pada akhir tempoh 

matang 5 tahun melalui pelaburan dalam 

instrumen pendapatan tetap dan sekuriti 

berkaitan ekuiti. 



Malaysia 

8.74% 


Malaysia 

Sekuriti Ekuiti 5.01% Sekuriti Ekuiti N/A 

Sekuriti Pendapatan Tetap 86.28% Sekuriti Pendapatan Tetap N/A 

Kesetaraan Tunai 0.00% Kesetaraan Tunai N/A 

Aset & Liabiliti Lain -0.04% Aset & Liabiliti Lain N/A 


T/B 2007 2,006,601 T/B 2007 1,184,712 

T/B 2008 1,113,004 T/B 2008 1,132,339 

T/B 2009 867,206 T/B 2009 901,092 

T/B 2010 555,441 T/B 2010 493,883 

N/A 










cadangan 





yang berkedudukan lebih baik. Dana MAA 

Capital Guaranteed 2 akan menumpukan 

pada pelaburan bon jangka pendek selaras 

dengan baki tempoh jaminan modal. 

Dana bertempoh 5 tahun ini akan matang 

sepenuhnya pada Jun 2011. 

Dana MAA Yield Guaranteed bertempoh 5 

tahun ini telah matang sepenuhnya pada 

Disember 2010 dan telah menyediakan 

jumlah pulangan minimum 16% kepada 

pemegang unit. 


berkaitan 



T/B 2006 3.70% T/B 2006 3.70% 

T/B 2007 3.70% T/B 2007 3.70% 

T/B 2008 3.70% T/B 2008 3.70% 

T/B 2009 2.60% T/B 2009 2.60% 

T/B 2010 2.80% T/B 2010 2.80% 



MAA ASSURANCE 


21



Name of Funds MAA Dana Mas Yakin MAA Capital Guaranteed 3 Fund 


The MAA Dana Mas Yakin is an Islamic 


a balanced mix of fixed income returns, as 

well as capital growth over the medium to 

long-term. 

The MAA Capital Guaranteed 3 Fund is a 








Securities 

N/A 


Securities 

31.28% 




Other Assets & Liabilities 0.12% Other Assets & Liabilities 0.15% 


Y/E 2007 107,688 Y/E 2007 587,086 

Y/E 2008 826,627 Y/E 2008 689,584 

Y/E 2009 633,775 Y/E 2009 580,725 

Y/E 2010 745,107 Y/E 2010 403,284 



annum 




No change 


NAV per unit - before distribution 0.533 N/A 

NAV per unit - after distribution 0.463 N/A 


strategies 






forward. Investing in Syariah-approved 

stocks and Islamic bonds, the MAA Dana 

Mas Yakin offers a balanced mix of fixed 

income and equity returns. 


market in 2011 will be underpinned by 

a positive domestic economic outlook, 

and improved appetite for debt papers 

and the local currency. The MAA Capital 

Guaranteed 3 Fund will focus on shorter 

tenure bond investments and money 

market placements to match the remaining 

capital guaranteed period. The 5-year Fund 

will fully mature in November 2011. 


indices 

50% FBM Syariah + 50% FD 1 Year Fixed Deposits 

Y/E 2006 13.90% Y/E 2006 3.70% 

Y/E 2007 24.70% Y/E 2007 3.70% 

Y/E 2008 -19.90% Y/E 2008 3.70% 

Y/E 2009 23.90% Y/E 2009 2.60% 

Y/E 2010 10.50% Y/E 2010 2.80% 


MAA ASSURANCE 



22



Dana MAA Dana Mas Yakin Dana MAA Capital Guaranteed 3 


MAA Dana Mas Yakin merupakan dana 

ekuiti dan bon Islam yang bersasaran 

menyediakan gabungan pulangan 

pendapatan tetap yang seimbang, 

dan pertumbuhan modal jangkamasa 

sederhana hingga jangkamasa panjang. 

Dana MAA Capital Guaranteed 3 

merupakan dana bon modal dijamin yang 

bersasaran menawarkan pendapatan 

stabil dengan pertumbuhan modal pada 

akhir tempoh matang 5 tahun melalui 

pelaburan dalam instrumen pendapatan 

tetap dan sekuriti berkaitan ekuiti. 



Malaysia 

N/A 


Malaysia 

31.28% 




Aset & Liabiliti Lain 0.12% Aset & Liabiliti Lain 0.15% 


T/B 2007 107,688 T/B 2007 587,086 

T/B 2008 826,627 T/B 2008 689,584 

T/B 2009 633,775 T/B 2009 580,725 

T/B 2010 745,107 T/B 2010 403,284 



setahun 


setahun 





NAV seunit - sebelum pengagihan 0.533 N/A 

NAV seunit - selepas pengagihan 0.463 N/A 


cadangan 

Prestasi pasaran saham Malaysia dalam Prestasi pasaran Bon Malaysia dalam 

tahun 2011 akan bergantung kepada 2011 akan disokong oleh keadaan 

aliran mudah tunai dan berita. Penilaian ekonomi domestik yang positif serta 

disokong oleh asas makro dan mikro kertas hutang dan matawang tempatan 

yang lebih baik, sungguhpun inflasi perlu yang berkedudukan lebih baik. Dana MAA 

dipertimbangkan. Berfokuskan pelaburan Capital Guaranteed 3 akan menumpukan 

mematuhi Syariah dan bon Islam, MAA pada pelaburan bon jangka pendek dan 

Dana Mas Yakin menawarkan campuran pasaran wang selaras dengan baki tempoh 

seimbang pulangan pendapatan tetap dan jaminan modal. Dana bertempoh 5 tahun ini 

ekuiti. 

akan matang sepenuhnya pada November 

2011. 


berkaitan 

50% FBM Syariah + 50% FD Simpanan Tetap 1 Tahun 

T/B 2006 13.90% T/B 2006 3.70% 

T/B 2007 24.70% T/B 2007 3.70% 

T/B 2008 -19.90% T/B 2008 3.70% 

T/B 2009 23.90% T/B 2009 2.60% 

T/B 2010 10.50% T/B 2010 2.80% 



MAA ASSURANCE 


23



Name of Funds MAA Platinum Fund MAA Global Assets Guaranteed Fund 


The MAA Platinum Fund is a diversified 


a mix of equity and fixed income returns 

over the medium to long-term. The MAA 

Platinum Fund is targeted at high net-worth 

clients with management fees based on 

fund performance. 

The MAA Global Assets Guaranteed 

Fund is a structured investment, principalprotected 

at the end of the 5-year maturity 

period, in which returns are linked to a 

basket of equity, fixed income, foreign 

currency and commodity assets. 



Securities 

N/A 


Securities 

Equities Securities N/A Equities Securities N/A 

Fixed Income Securities N/A Fixed Income Securities 101.70% 

Cash Equivalent N/A Cash Equivalent 0.92% 

Other Assets & Liabilities N/A Other Assets & Liabilities -2.61% 

Net Investment Returns Y/E 2006 N/A Y/E 2006 3,994 

Y/E 2007 N/A Y/E 2007 14,264 

Y/E 2008 N/A Y/E 2008 - 

Y/E 2009 N/A Y/E 2009 - 

Y/E 2010 N/A Y/E 2010 - 



annum, based on fund performance 

N/A 




No change 





strategies 






forward. The MAA Platinum Fund offers a 

balanced mix of fixed income and equity 

returns, and management fees are based 

on fund performance. 

The MAA Global Assets Capital Guaranteed 

Fund provides a diversified exposure to 

a basket of global equity, fixed income, 

foreign currency and commodity assets. 

The Fund is 100% principal-protected 

if held to maturity. The 5-year Fund will 

mature on 4 December 2011. 


indices 

50% KLCI + 50% FD 1 Year Fixed Deposits 

Y/E 2006 12.80% Y/E 2006 3.70% 

Y/E 2007 17.80% Y/E 2007 3.70% 

Y/E 2008 -17.80% Y/E 2008 3.70% 

Y/E 2009 23.90% Y/E 2009 2.60% 

Y/E 2010 11.10% Y/E 2010 2.80% 


MAA ASSURANCE 



24



Dana Dana MAA Platinum Dana MAA Global Assets Guaranteed 


Dana MAA Platinum merupakan dana ekuiti 

dan bon yang bersasaran menyediakan 

pelbagai ekuiti dan pendapatan tetap 

dalam jangkamasa sederhana hingga 

jangkamasa panjang. Dana MAA Platinum 

disasarkan pada para pelanggan yang 

memiliki nilai bersih tinggi dengan yuran 

pengurusan berdasarkan prestasi dana. 

Dana MAA Global Assets Guaranteed 

merupakan produk berstruktur dengan 

jumlah modal dilindungi pada akhir tempoh 

matang 5 tahun yang mana pulangan 

adalah dalam bentuk pelbagai ekuiti, 

pendapatan tetap, tukaran asing dan aset 

komoditi. 



Malaysia 

N/A 


Malaysia 

Sekuriti Ekuiti N/A Sekuriti Ekuiti N/A 

Sekuriti Pendapatan Tetap N/A Sekuriti Pendapatan Tetap 101.70% 

Kesetaraan Tunai N/A Kesetaraan Tunai 0.92% 

Aset & Liabiliti Lain N/A Aset & Liabiliti Lain -2.61% 

Pulangan Pelaburan Bersih T/B 2006 N/A Y/E 2006 3,994 

T/B 2007 N/A Y/E 2007 14,264 

T/B 2008 N/A Y/E 2008 - 

T/B 2009 N/A Y/E 2009 - 

T/B 2010 N/A Y/E 2010 - 


Yuran pengurusan dana sehingga 1.5% 

setahun berdasarkan prestasi dana 


setahun 

N/A 








cadangan 






Dana MAA Platinum menawarkan 

campuran pulangan ekuiti dan pendapatan 

tetap, dan yuran pengurusan adalah 

berasaskan prestasi dana. 

Dana MAA Global Assets Guaranteed 

menyediakan pendedahan pelbagai ekuiti, 

pendapatan tetap, tukaran asing dan 

aset komoditi global. Jumlah modal dana 

ini adalah dilindungi 100% jika dipegang 

sehingga tempoh matang. Dana bertempoh 

5 tahun ini akan matang pada 4 Disember 

2011. 


berkaitan 

50% KLCI + 50% FD Simpanan Tetap 1 Tahun 

T/B 2006 12.80% T/B 2006 3.70% 

T/B 2007 17.80% T/B 2007 3.70% 

T/B 2008 -17.80% T/B 2008 3.70% 

T/B 2009 23.90% T/B 2009 2.60% 

T/B 2010 11.10% T/B 2010 2.80% 



MAA ASSURANCE 


25



Name of Funds 


MAA Capital Guaranteed Asia Pacific 

Equities Fund 

The MAA Capital Guaranteed Asia Pacific 

Equities Fund is a structured investment, 

principal-protected at the end of the 3-year 

maturity period, in which returns are linked 

to a basket of stocks in the Asia Pacific 

region. 

MAA Capital Guaranteed Swing 6 Fund 

The MAA Capital Guaranteed Swing 6 

Fund is a structured investment, principalprotected 

at the end of the 4-year maturity 

period, in which returns are linked to a 

basket of stocks related to China-Hong 

Kong, Mining & Steel, and Oil & Gas 

sectors. 



Securities 

N/A 


Securities 

Equities Securities N/A Equities Securities N/A 




Net Investment Returns Y/E 2006 N/A Y/E 2006 N/A 

Y/E 2007 N/A Y/E 2007 N/A 

Y/E 2008 576 Y/E 2008 740 

Y/E 2009 - Y/E 2009 187 

Y/E 2010 - Y/E 2010 - 

N/A 





No change 





strategies 

The MAA Capital Guaranteed Asia Pacific 

Equities Fund will benefit from the absolute 

relative performance divergence of an 

underlying basket of Asia Pacific stocks 

against Japan’s Nikkei 225 index, rather 

than direction. The Fund is 100% principalprotected 

if held to maturity. The 3-year 

Fund will mature on 11 January 2011. 

The MAA Capital Guaranteed Swing 6 

Fund will benefit from the absolute price 

movement of an underlying basket of 

stocks from Day 1, rather than direction. 

The Fund is 100% principal-protected 

if held to maturity. The 4-year Fund will 

mature on 22 October 2012. 


indices 

1 Year Fixed Deposits 1 Year Fixed Deposits 

Y/E 2006 3.70% Y/E 2006 3.70% 

Y/E 2007 3.70% Y/E 2007 3.70% 

Y/E 2008 3.70% Y/E 2008 3.70% 

Y/E 2009 2.60% Y/E 2009 2.60% 

Y/E 2010 2.80% Y/E 2010 2.80% 


MAA ASSURANCE 



26



Dana 


Dana MAA Capital Guaranteed Dana MAA Capital Guaranteed 

Asia Pacific Equities 

Swing 6 

Dana MAA Capital Guaranteed Asia Pacific Dana MAA Caprital Guranteed Swing 6 

Equities merupakan pelaburan berstruktur, merupakan pelaburan berstruktur dengan 

dengan jumlah modal dilindungi pada jumpal modal dilindungi pada akhir tempoh 

akhir tempoh matang 3 tahun, yang mana 4 tahun, yang mana pulangannya berkaitan 

pulangannya berkaitan dengan pelbagai dengan pelbagai saham di China - Hong 

ekuiti di rantau Asia Pasifik. 

Kong, sektor Perlombongan & Keluli, serta 

Minyak & Gas. 



Malaysia 

N/A 


Malaysia 

Sekuriti Ekuiti N/A Sekuriti Ekuiti N/A 




Pulangan Pelaburan Bersih T/B 2006 N/A T/B 2006 N/A 

T/B 2007 N/A T/B 2007 N/A 

T/B 2008 576 T/B 2008 740 

T/B 2009 - T/B 2009 187 

T/B 2010 - T/B 2010 - 

N/A 










cadangan 

Dana MAA Capital Guaranteed Asia Pacific 

Equities akan menikmati serakan prestasi 

mutlak dasar ekuiti Asia Pasific mengikut 

indeks 225 Nikkei Jepun, bukan mengikut 

arah. Modal Dana ini dilindungi 100% jika 

dipegang sehingga tempoh matang. Dana 

bertempoh 3 tahun ini akan matang pada 

11 Januari 2011. 

Dana MAA Capital Guaranteed Swing 6 

akan menikmati serakan harga mutlak 

dasar stok dari hari pertama, bukan 

mengikut arah. Modal Dana ini dilindungi 

100% jika dipegang sehingga tempoh 

matang. Dana bertempoh 4 tahun ini akan 

matang pada 22 Oktober 2012. 


berkaitan 



T/B 2006 3.70% T/B 2006 3.70% 

T/B 2007 3.70% T/B 2007 3.70% 

T/B 2008 3.70% T/B 2008 3.70% 

T/B 2009 2.60% T/B 2009 2.60% 

T/B 2010 2.80% T/B 2010 2.80% 



MAA ASSURANCE 


27



MAA Growth Fund Y/E 2006 Y/E 2007 Y/E 2008 Y/E 2009 Y/E 2010 

Composition of Fund to Industry Sector 

- Consumer Products 10.42% 7.92% 2.04% 0.48% 0.72% 

- Industrial Products 9.57% 6.47% 6.05% 8.42% 12.38% 

- Construction 2.69% 7.55% 5.24% 4.22% 4.93% 

- Trading & Services 37.62% 40.24% 43.00% 47.40% 37.74% 

- Technology N/A 0.28% 0.22% 0.41% 0.58% 

- Finance 17.45% 24.84% 24.83% 20.04% 27.29% 

- Infrastructure 8.79% N/A 1.48% 2.60% N/A 

- Properties 2.31% 4.63% 3.85% 3.27% 3.97% 

- Plantation 9.42% 0.80% 2.48% 5.61% 5.41% 

- REITS 1.73% 1.34% 1.47% 1.39% 1.49% 

- Linked Funds N/A 5.93% 9.34% 6.17% 5.49% 

Category of Investment 

- Malaysian Government Securities N/A N/A N/A N/A N/A 

- Quoted Equity Securities 83.81% 86.17% 71.34% 83.57% 75.29% 

- Quoted Corporate Debts N/A N/A N/A N/A N/A 

- Unquoted Investment-Linked 11.29% 2.82% 3.07% 2.60% 2.02% 

- Unquoted Corporate Bonds 2.52% 7.36% 7.81% 5.27% 4.48% 

- Fixed & Call Deposits 2.38% 3.64% 17.78% 8.55% 18.22% 

Total NAV 135,890,612 173,070,023 119,910,165 183,736,875 230,816,346 

Total Units 302,651,697 323,495,368 397,053,523 432,322,056 515,215,054 

NAV per Unit 0.449 0.535 0.302 0.425 0.448 

Highest NAV per Unit during the year 0.449 0.535 0.535 0.425 0.448 

Lowest NAV per Unit during the year 0.356 0.396 0.291 0.276 0.366 

% of Annual Returns 

- Capital Growth 25.94% 33.41% -35.00% 49.27% 21.21% 

- Income Distribution 12.00% 15.00% 6.00% 15.00% 15.00% 

Average Annual Returns 

- one year period 25.94% 33.41% -35.00% 49.27% 21.21% 

- three year period 0.42% 11.42% 2.94% 8.93% 5.50% 

- five year period 5.08% 10.52% -2.58% 6.03% 14.55% 

The performance of relevant benchmark 

indices 

KLCI 

21.80% 

KLCI 

31.80% 

KLCI 

-39.30% 

KLCI 

45.20% 

KLCI 

19.30% 


MAA ASSURANCE 



28



Dana MAA Growth T/B 2006 T/B 2007 T/B 2008 T/B 2009 T/B 2010 

Komposisi Dana kepada Sektor Industri 

- Keluaran Pengguna 10.42% 7.92% 2.04% 0.48% 0.72% 

- Keluaran Industri 9.57% 6.47% 6.05% 8.42% 12.38% 

- Pembinaan 2.69% 7.55% 5.24% 4.22% 4.93% 

- Perdagangan dan Perkhidmatan 37.62% 40.24% 43.00% 47.40% 37.74% 

- Teknologi N/A 0.28% 0.22% 0.41% 0.58% 

- Kewangan 17.45% 24.84% 24.83% 20.04% 27.29% 

- Infrastruktur 8.79% N/A 1.48% 2.60% N/A 

- Hartanah 2.31% 4.63% 3.85% 3.27% 3.97% 

- Perladangan 9.42% 0.80% 2.48% 5.61% 5.41% 

- REITS 1.73% 1.34% 1.47% 1.39% 1.49% 

- Dana Berkaitan N/A 5.93% 9.34% 6.17% 5.49% 

Kategori Pelaburan 

- Sekuriti Kerajaan Malaysia N/A N/A N/A N/A N/A 

- Sekuriti Ekuiti Disebut Harga 83.81% 86.17% 71.34% 83.57% 75.29% 

- Hutang Korporat Disebut Harga N/A N/A N/A N/A N/A 

- Berkaitan-Pelaburan Tidak Disebut 

Harga 

11.29% 2.82% 3.07% 2.60% 2.02% 

- Bon Korporat Tidak Disebut Harga 2.52% 7.36% 7.81% 5.27% 4.48% 

- Simpanan Tetap & Panggilan 2.38% 3.64% 17.78% 8.55% 18.22% 

Jumlah NAV 135,890,612 173,070,023 119,910,165 183,736,875 230,816,346 

Jumlah Unit 302,651,697 323,495,368 397,053,523 432,322,056 515,215,054 

NAV seunit 0.449 0.535 0.302 0.425 0.448 

NAV seunit tertinggi sepanjang tahun 0.449 0.535 0.535 0.425 0.448 

NAV seunit terendah sepanjang tahun 0.356 0.396 0.291 0.276 0.366 

% Pulangan Tahunan 

- Pertumbuhan Modal 25.94% 33.41% -35.00% 49.27% 21.21% 

- Pengagihan Pendapatan 12.00% 15.00% 6.00% 15.00% 15.00% 

Purata Pulangan Tahunan 

- jangkamasa satu tahun 25.94% 33.41% -35.00% 49.27% 21.21% 

- jangkamasa tiga tahun 0.42% 11.42% 2.94% 8.93% 5.50% 

- jangkamasa lima tahun 5.08% 10.52% -2.58% 6.03% 14.55% 

Prestasi ukur rujuk indeks yang berkaitan 

KLCI 

21.80% 

KLCI 

31.80% 

KLCI 

-39.30% 

KLCI 

45.20% 

KLCI 

19.30% 



MAA ASSURANCE 


29



MAA Balanced Fund Y/E 2006 Y/E 2007 Y/E 2008 Y/E 2009 Y/E 2010 




- Construction 3.78% 7.77% 5.85% 2.74% 3.27% 


- Technology N/A N/A N/A N/A N/A 

- Finance 11.16% 26.74% 28.41% 20.29% 31.55% 

- Infrastructure 7.97% N/A 3.64% 4.83% 1.47% 

- Properties 4.14% 6.68% 4.41% 3.63% 4.09% 

- Plantation 14.70% 84.00% N/A 14.37% 10.66% 

- REITS 2.23% 1.15% 4.45% 4.50% 4.80% 

- Derivative N/A N/A N/A N/A N/A 


- Malaysian Government Securities 8.25% 7.15% N/A N/A N/A 



- Unquoted Investment-Linked N/A N/A N/A N/A N/A 



Total NAV 38,797,907 70,800,137 49,029,847 84,322,021 107,714,111 

Total Units 74,041,807 124,210,767 133,233,274 191,206,392 223,010,578 

NAV per Unit 0.524 0.570 0.368 0.441 0.483 









- five year period 13.37% 16.90% 3.00% 5.28% 9.97% 


indices 

50% KLCI + 

50% FD 

12.80% 

50% KLCI + 

50% FD 

17.80% 

50% KLCI + 

50% FD 

-17.80% 

50% KLCI + 

50% FD 

23.90% 

50% KLCI + 

50% FD 

11.10% 


MAA ASSURANCE 



30



Dana MAA Balanced T/B 2006 T/B 2007 T/B 2008 T/B 2009 T/B 2010 




- Pembinaan 3.78% 7.77% 5.85% 2.74% 3.27% 


- Teknologi N/A N/A N/A N/A N/A 

- Kewangan 11.16% 26.74% 28.41% 20.29% 31.55% 

- Infrastruktur 7.97% N/A 3.64% 4.83% 1.47% 

- Hartanah 4.14% 6.68% 4.41% 3.63% 4.09% 

- Perladangan 14.70% 84.00% N/A 14.37% 10.66% 

- REITS 2.23% 1.15% 4.45% 4.50% 4.80% 

- Derivatif N/A N/A N/A N/A N/A 


- Sekuriti Kerajaan Malaysia 8.25% 7.15% N/A N/A N/A 




Harga 

N/A N/A N/A N/A N/A 



Jumlah NAV 38,797,907 70,800,137 49,029,847 84,322,021 107,714,111 

Jumlah Unit 74,041,807 124,210,767 133,233,274 191,206,392 223,010,578 

NAV seunit 0.524 0.570 0.368 0.441 0.483 









- jangkamasa lima tahun 13.37% 16.90% 3.00% 5.28% 9.97% 


50% KLCI + 

50% FD 

12.80% 

50% KLCI + 

50% FD 

17.80% 

50% KLCI + 

50% FD 

-17.80% 

50% KLCI + 

50% FD 

23.90% 

50% KLCI + 

50% FD 

11.10% 



MAA ASSURANCE 


31



MAA Income Fund Y/E 2006 Y/E 2007 Y/E 2008 Y/E 2009 Y/E 2010 



- Industrial Products 27.76% 8.31% N/A N/A N/A 

- Construction N/A N/A N/A N/A N/A 



- Finance N/A 20.29% 31.01% N/A 7.88% 

- Infrastructure N/A N/A N/A N/A N/A 

- Properties N/A 2.42% 3.11% N/A N/A 

- Plantation N/A N/A N/A N/A N/A 

- REITS 9.63% 11.53% 28.72% 36.47% 42.99% 









Total NAV 48,956,136 53,494,658 60,290,857 50,006,081 59,133,878 

Total Units 93,427,740 104,278,088 118,682,793 91,922,947 109,507,185 

NAV per Unit 0.524 0.513 0.508 0.544 0.540 




- Capital Growth 4.82% 2.68% 1.49% 8.82% 8.02% 



- one year period 4.82% 2.68% 1.49% 8.82% 8.02% 




indices 

1 Year Fixed 

Deposits 

3.70% 

1 Year Fixed 

Deposits 

3.70% 

1 Year Fixed 

Deposits 

3.70% 

1 Year Fixed 

Deposits 

2.60% 

1 Year Fixed 

Deposits 

2.80% 


MAA ASSURANCE 



32



Dana MAA Income T/B 2006 T/B 2007 T/B 2008 T/B 2009 T/B 2010 



- Keluaran Industri 27.76% 8.31% N/A N/A N/A 

- Pembinaan N/A N/A N/A N/A N/A 



- Kewangan N/A 20.29% 31.01% N/A 7.88% 

- Infrastruktur N/A N/A N/A N/A N/A 

- Hartanah N/A 2.42% 3.11% N/A N/A 

- Perladangan N/A N/A N/A N/A N/A 

- REITS 9.63% 11.53% 28.72% 36.47% 42.99% 







Harga 




Jumlah NAV 48,956,136 53,494,658 60,290,857 50,006,081 59,133,878 

Jumlah Unit 93,427,740 104,278,088 118,682,793 91,922,947 109,507,185 

NAV seunit 0.524 0.513 0.508 0.544 0.540 




- Pertumbuhan Modal 4.82% 2.68% 1.49% 8.82% 8.02% 



- jangkamasa satu tahun 4.82% 2.68% 1.49% 8.82% 8.02% 




Simpanan 

Tetap 1 Tahun 

3.70% 

Simpanan 

Tetap 1 Tahun 

3.70% 

Simpanan 

Tetap 1 Tahun 

3.70% 

Simpanan 

Tetap 1 Tahun 

2.60% 

Simpanan 

Tetap 1 Tahun 

2.80% 



MAA ASSURANCE 


33



MAA Dana Mas Maju Y/E 2006 Y/E 2007 Y/E 2008 Y/E 2009 Y/E 2010 




- Construction 5.63% 16.14% 16.23% 10.16% 9.27% 


- Technology 0.30% 1.37% 1.60% 1.74% 2.04% 

- Finance N/A N/A N/A N/A N/A 

- Infrastructure 16.67% 1.24% 7.59% 8.28% 3.48% 

- Properties 6.37% 10.17% 10.26% 10.42% 12.10% 

- Plantation 13.72% 2.45% 4.12% 10.01% 6.26% 

- REITS 3.43% 2.01% 5.14% 2.56% 3.61% 







- Unquoted Corporate Bonds 0.81% N/A 10.63% 7.87% 6.14% 


Total NAV 49,801,774 77,780,446 48,919,477 70,031,850 83,776,067 

Total Units 108,029,878 137,664,506 154,808,465 176,402,640 193,032,408 

NAV per Unit 0.461 0.565 0.316 0.397 0.434 









- five year period 6.06% 12.38% -0.80% 5.55% 12.21% 


indices 

FBM Syariah 

23.80% 

FBM Syariah 

45.60% 

FBM Syariah 

-43.50% 

FBM Syariah 

43.00% 

FBM Syariah 

18.20% 


MAA ASSURANCE 



34



MAA Dana Mas Maju T/B 2006 T/B 2007 T/B 2008 T/B 2009 T/B 2010 




- Pembinaan 5.63% 16.14% 16.23% 10.16% 9.27% 


- Teknologi 0.30% 1.37% 1.60% 1.74% 2.04% 

- Kewangan N/A N/A N/A N/A N/A 

- Infrastruktur 16.67% 1.24% 7.59% 8.28% 3.48% 

- Hartanah 6.37% 10.17% 10.26% 10.42% 12.10% 

- Perladangan 13.72% 2.45% 4.12% 10.01% 6.26% 

- REITS 3.43% 2.01% 5.14% 2.56% 3.61% 







Harga 


- Bon Korporat Tidak Disebut Harga 0.81% N/A 10.63% 7.87% 6.14% 


Jumlah NAV 49,801,774 77,780,446 48,919,477 70,031,850 83,776,067 

Jumlah Unit 108,029,878 137,664,506 154,808,465 176,402,640 193,032,408 

NAV seunit 0.461 0.565 0.316 0.397 0.434 









- jangkamasa lima tahun 6.06% 12.38% -0.80% 5.55% 12.21% 


FBM Syariah 

23.80% 

FBM Syariah 

45.60% 

FBM Syariah 

-43.50% 

FBM Syariah 

43.00% 

FBM Syariah 

18.20% 



MAA ASSURANCE 


35



MAA Dana Seri Mulia Y/E 2006 Y/E 2007 Y/E 2008 Y/E 2009 Y/E 2010 


- Consumer Products 20.37% N/A N/A N/A N/A 



- Trading & Services N/A 20.90% N/A N/A 26.73% 



- Infrastructure N/A N/A N/A 42.06% N/A 

- Properties N/A 17.74% 15.15% 14.59% 11.44% 

- Plantation 14.60% N/A N/A N/A N/A 

- REITS 29.10% 32.42% 82.22% 41.50% 46.85% 



- Malaysian Government Securities 30.32% 32.81% N/A N/A 10.92% 






Total NAV 18,109,351 22,307,912 29,989,354 31,138,390 65,932,405 

Total Units 34,625,910 42,249,835 58,345,047 58,311,592 124,635,926 

NAV per Unit 0.523 0.528 0.514 0.534 0.529 











indices 

1 Year Fixed 

Deposits 

3.70% 

1 Year Fixed 

Deposits 

3.70% 

1 Year Fixed 

Deposits 

3.70% 

1 Year Fixed 

Deposits 

2.60% 

1 Year Fixed 

Deposits 

2.80% 


MAA ASSURANCE 



36



MAA Dana Seri Mulia T/B 2006 T/B 2007 T/B 2008 T/B 2009 T/B 2010 


- Keluaran Pengguna 20.37% N/A N/A N/A N/A 



- Perdagangan dan Perkhidmatan N/A 20.90% N/A N/A 26.73% 



- Infrastruktur N/A N/A N/A 42.06% N/A 

- Hartanah N/A 17.74% 15.15% 14.59% 11.44% 

- Perladangan 14.60% N/A N/A N/A N/A 

- REITS 29.10% 32.42% 82.22% 41.50% 46.85% 



- Sekuriti Kerajaan Malaysia 30.32% 32.81% N/A N/A 10.92% 




Harga 




Jumlah NAV 18,109,351 22,307,912 29,989,354 31,138,390 65,932,405 

Jumlah Unit 34,625,910 42,249,835 58,345,047 58,311,592 124,635,926 

NAV seunit 0.523 0.528 0.514 0.534 0.529 











Simpanan 

Tetap 1 Tahun 

3.70% 

Simpanan 

Tetap 1 Tahun 

3.70% 

Simpanan 

Tetap 1 Tahun 

3.70% 

Simpanan 

Tetap 1 Tahun 

2.60% 

Simpanan 

Tetap 1 Tahun 

2.80% 



MAA ASSURANCE 


37



MAA Small Cap Fund Y/E 2006 Y/E 2007 Y/E 2008 Y/E 2009 Y/E 2010 


- Consumer Products 12.75% N/A 22.01% 13.02% 11.71% 


- Construction 10.93% 18.35% 8.17% 11.20% 6.38% 


- Technology N/A 3.38% 4.82% 4.88% 8.31% 



- Properties 29.00% 3.78% 2.96% 7.79% 7.34% 

- Plantation 10.85% N/A N/A 11.69% 6.86% 

- REITS 4.12% N/A 14.23% 15.10% 10.39% 







- Unquoted Corporate Bonds N/A N/A N/A N/A N/A 

- Fixed & Call Deposits 8.36% 21.34% 34.97% N/A 36.67% 

Total NAV 2,997,839 3,084,906 1,647,925 2,626,374 4,029,994 

Total Units 5,688,499 4,688,309 4,465,924 5,709,511 8,191,047 

NAV per Unit 0.527 0.658 0.369 0.460 0.492 











indices 

FBM Small 

Cap 

39.80% 

FBM Small 

Cap 

63.70% 

FBM Small 

Cap 

-46.60% 

FBM Small 

Cap 

55.10% 

FBM Small 

Cap 

24.20% 


MAA ASSURANCE 



38



Dana MAA Small Cap T/B 2006 T/B 2007 T/B 2008 T/B 2009 T/B 2010 


- Keluaran Pengguna 12.75% N/A 22.01% 13.02% 11.71% 


- Pembinaan 10.93% 18.35% 8.17% 11.20% 6.38% 


- Teknologi N/A 3.38% 4.82% 4.88% 8.31% 



- Hartanah 29.00% 3.78% 2.96% 7.79% 7.34% 

- Perladangan 10.85% N/A N/A 11.69% 6.86% 

- REITS 4.12% N/A 14.23% 15.10% 10.39% 







Harga 


- Bon Korporat Tidak Disebut Harga N/A N/A N/A N/A N/A 

- Simpanan Tetap & Panggilan 8.36% 21.34% 34.97% N/A 36.67% 

Jumlah NAV 2,997,839 3,084,906 1,647,925 2,626,374 4,029,994 

Jumlah Unit 5,688,499 4,688,309 4,465,924 5,709,511 8,191,047 

NAV seunit 0.527 0.658 0.369 0.460 0.492 











FBM Small 

Cap 

39.80% 

FBM Small 

Cap 

63.70% 

FBM Small 

Cap 

-46.60% 

FBM Small 

Cap 

55.10% 

FBM Small 

Cap 

24.20% 



MAA ASSURANCE 


39



MAA Technology Fund Y/E 2006 Y/E 2007 Y/E 2008 Y/E 2009 Y/E 2010 


- Consumer Products 11.76% 17.63% 14.62% N/A N/A 

- Industrial Products 9.38% 33.34% N/A N/A N/A 



- Technology 25.88% 12.79% 15.06% 49.37% 44.41% 


- Infrastructure 13.98% N/A N/A 20.26% N/A 

- Properties N/A N/A N/A N/A N/A 


- REITS 10.30% 4.71% N/A N/A N/A 








- Fixed & Call Deposits 14.56% 66.73% 58.08% N/A 67.66% 

Total NAV 1,496,795 2,012,413 684,007 721,797 981,131 

Total Units 3,318,836 4,081,976 1,884,314 1,751,934 2,132,893 

NAV per Unit 0.451 0.493 0.363 0.412 0.460 











indices 

KL Technology 

5.50% 

KL Technology 

-13.60% 

KL Technology 

-43.90% 

KL Technology 

32.50% 

KL Technology 

1.80% 


MAA ASSURANCE 



40



Dana MAA Technology T/B 2006 T/B 2007 T/B 2008 T/B 2009 T/B 2010 


- Keluaran Pengguna 11.76% 17.63% 14.62% N/A N/A 

- Keluaran Industri 9.38% 33.34% N/A N/A N/A 



- Teknologi 25.88% 12.79% 15.06% 49.37% 44.41% 


- Infrastruktur 13.98% N/A N/A 20.26% N/A 

- Hartanah N/A N/A N/A N/A N/A 


- REITS 10.30% 4.71% N/A N/A N/A 







Harga 



- Simpanan Tetap & Panggilan 14.56% 66.73% 58.08% N/A 67.66% 

Jumlah NAV 1,496,795 2,012,413 684,007 721,797 981,131 

Jumlah Unit 3,318,836 4,081,976 1,884,314 1,751,934 2,132,893 

NAV seunit 0.451 0.493 0.363 0.412 0.460 











KL Technology 

5.50% 

KL Technology 

-13.60% 

KL Technology 

-43.90% 

KL Technology 

32.50% 

KL Technology 

1.80% 



MAA ASSURANCE 


41



MAA Capital Guaranteed Fund Y/E 2006 Y/E 2007 Y/E 2008 Y/E 2009 Y/E 2010 


- Consumer Products N/A N/A N/A N/A N/A 

- Industrial Products N/A 

- Construction 46.31% 

- Trading & Services N/A 

- Technology N/A 

- Finance N/A 

- Infrastructure N/A 

- Properties N/A 

- Plantation 53.69% 

- REITS N/A 

- Derivative N/A 



- Quoted Equity Securities 2.97% N/A N/A N/A 

- Quoted Corporate Debts N/A N/A N/A N/A 

- Unquoted Investment-Linked N/A N/A N/A N/A 

- Unquoted Corporate Bonds 97.03% 88.16% 89.51% 21.06% 

- Fixed & Call Deposits N/A 11.84% 10.49% 78.94% 

Total NAV 17,062,934 16,920,897 5,006,701 2,502,838 - 

Total Units 27,476,544 25,560,267 7,287,776 3,525,124 - 

NAV per Unit 0.621 0.662 0.687 0.710 - 





- Income Distribution N/A N/A N/A N/A N/A 




- five year period N/A N/A 6.26% 4.93% 4.25% 


indices 

1 Year Fixed 

Deposits 

3.70% 

1 Year Fixed 

Deposits 

3.70% 

1 Year Fixed 

Deposits 

3.70% 

1 Year Fixed 

Deposits 

2.60% 

1 Year Fixed 

Deposits 

2.80% 


MAA ASSURANCE 



42



Dana MAA Capital Guaranteed T/B 2006 T/B 2007 T/B 2008 T/B 2009 T/B 2010 


- Keluaran Pengguna N/A N/A N/A N/A N/A 

- Keluaran Industri N/A 

- Pembinaan 46.31% 

- Perdagangan dan Perkhidmatan N/A 

- Teknologi N/A 

- Kewangan N/A 

- Infrastruktur N/A 

- Hartanah N/A 

- Perladangan 53.69% 

- REITS N/A 

- Derivatif N/A 



- Sekuriti Ekuiti Disebut Harga 2.97% N/A N/A N/A 

- Hutang Korporat Disebut Harga N/A N/A N/A N/A 


Harga 

N/A N/A N/A N/A 

- Bon Korporat Tidak Disebut Harga 97.03% 88.16% 89.51% 21.06% 

- Simpanan Tetap & Panggilan N/A 11.84% 10.49% 78.94% 

Jumlah NAV 17,062,934 16,920,897 5,006,701 2,502,838 - 

Jumlah Unit 27,476,544 25,560,267 7,287,776 3,525,124 - 

NAV seunit 0.621 0.662 0.687 0.710 - 





- Pengagihan Pendapatan N/A N/A N/A N/A N/A 




- jangkamasa lima tahun N/A N/A 6.26% 4.93% 4.25% 


Simpanan 

Tetap 1 Tahun 

3.70% 

Simpanan 

Tetap 1 Tahun 

3.70% 

Simpanan 

Tetap 1 Tahun 

3.70% 

Simpanan 

Tetap 1 Tahun 

2.60% 

Simpanan 

Tetap 1 Tahun 

2.80% 



MAA ASSURANCE 


43



MAA Cash Reserve Fund Y/E 2006 Y/E 2007 Y/E 2008 Y/E 2009 Y/E 2010 



- Industrial Products 

- Construction 

- Trading & Services 

- Technology 

- Finance 

- Infrastructure 

- Properties 

- Plantation 

- REITS 

- Derivative 



- Quoted Equity Securities N/A N/A N/A N/A N/A 





Total NAV 11,018,447 9,739,165 4,864,758 5,172,401 5,374,969 

Total Units 21,148,651 18,801,473 9,520,072 9,722,556 10,316,639 

NAV per Unit 0.521 0.518 0.511 0.532 0.521 








- three year period N/A 4.58% 3.34% 4.05% 4.24% 

- five year period N/A N/A N/A 4.45% 4.10% 


indices 

1 Year Fixed 

Deposits 

3.70% 

1 Year Fixed 

Deposits 

3.70% 

1 Year Fixed 

Deposits 

3.70% 

1 Year Fixed 

Deposits 

2.60% 

1 Year Fixed 

Deposits 

2.80% 


MAA ASSURANCE 



44



Dana MAA Cash Reserve T/B 2006 T/B 2007 T/B 2008 T/B 2009 T/B 2010 



- Keluaran Industri 

- Pembinaan 

- Perdagangan dan Perkhidmatan 

- Teknologi 

- Kewangan 

- Infrastruktur 

- Hartanah 

- Perladangan 

- REITS 

- Derivatif 



- Sekuriti Ekuiti Disebut Harga N/A N/A N/A N/A N/A 



Harga 




Jumlah NAV 11,018,447 9,739,165 4,864,758 5,172,401 5,374,969 

Jumlah Unit 21,148,651 18,801,473 9,520,072 9,722,556 10,316,639 

NAV seunit 0.521 0.518 0.511 0.532 0.521 








- jangkamasa tiga tahun N/A 4.58% 3.34% 4.05% 4.24% 

- jangkamasa lima tahun N/A N/A N/A 4.45% 4.10% 


Simpanan 

Tetap 1 Tahun 

3.70% 

Simpanan 

Tetap 1 Tahun 

3.70% 

Simpanan 

Tetap 1 Tahun 

3.70% 

Simpanan 

Tetap 1 Tahun 

2.60% 

Simpanan 

Tetap 1 Tahun 

2.80% 



MAA ASSURANCE 


45



MAA Billion Cap Fund Y/E 2006 Y/E 2007 Y/E 2008 Y/E 2009 Y/E 2010 


- Consumer Products 10.45% 9.77% N/A N/A N/A 


- Construction 9.46% 11.56% 6.84% 6.01% 9.89% 


- Technology 2.91% N/A N/A 2.98% N/A 

- Finance 16.27% 21.23% 29.95% 24.84% 33.15% 

- Infrastructure 6.92% N/A 2.53% 5.66% N/A 

- Properties N/A 6.36% 3.76% 3.23% 4.63% 

- Plantation 12.97% 2.42% N/A 7.88% 7.96% 

- REITS N/A N/A N/A N/A N/A 

- Derivative N/A N/A N/A N/A 2.34% 







- Fixed & Call Deposits 18.02% 42.06% N/A 19.45% 11.63% 

Total NAV 4,250,065 23,902,510 9,715,243 17,843,066 14,728,715 

Total Units 6,866,018 34,843,308 29,174,901 39,739,566 28,054,693 

NAV per Unit 0.619 0.686 0.333 0.449 0.525 








- three year period N/A N/A 1.52% 5.89% 5.38% 

- five year period N/A N/A N/A N/A 14.19% 


indices 

KLCI 

21.80% 

KLCI 

31.80% 

KLCI 

-39.30% 

KLCI 

45.20% 

KLCI 

19.30% 


MAA ASSURANCE 



46



Dana MAA Billion Cap T/B 2006 T/B 2007 T/B 2008 T/B 2009 T/B 2010 


- Keluaran Pengguna 10.45% 9.77% N/A N/A N/A 


- Pembinaan 9.46% 11.56% 6.84% 6.01% 9.89% 


- Teknologi 2.91% N/A N/A 2.98% N/A 

- Kewangan 16.27% 21.23% 29.95% 24.84% 33.15% 

- Infrastruktur 6.92% N/A 2.53% 5.66% N/A 

- Hartanah N/A 6.36% 3.76% 3.23% 4.63% 

- Perladangan 12.97% 2.42% N/A 7.88% 7.96% 


- Derivatif N/A N/A N/A N/A 2.34% 






Harga 



- Simpanan Tetap & Panggilan 18.02% 42.06% N/A 19.45% 11.63% 

Jumlah NAV 4,250,065 23,902,510 9,715,243 17,843,066 14,728,715 

Jumlah Unit 6,866,018 34,843,308 29,174,901 39,739,566 28,054,693 

NAV seunit 0.619 0.686 0.333 0.449 0.525 








- jangkamasa tiga tahun N/A N/A 1.52% 5.89% 5.38% 

- jangkamasa lima tahun N/A N/A N/A N/A 14.19% 


KLCI 

21.80% 

KLCI 

31.80% 

KLCI 

-39.30% 

KLCI 

45.20% 

KLCI 

19.30% 



MAA ASSURANCE 


47



MAA Equity Booster Fund Y/E 2006 Y/E 2007 Y/E 2008 Y/E 2009 Y/E 2010 


- Consumer Products N/A 6.82% 0.54% 2.32% 6.54% 


- Construction 22.27% 15.90% 13.15% 11.27% 12.56% 


- Technology N/A N/A N/A 7.11% N/A 

- Finance 11.33% 14.22% 16.03% 13.84% 11.67% 


- Properties 10.66% 12.23% 8.47% 14.93% 13.32% 

- Plantation 12.06% N/A N/A 3.22% N/A 

- REITS N/A 1.56% N/A N/A N/A 








- Fixed & Call Deposits N/A N/A 27.69% 22.31% 18.61% 

Total NAV 131,752 2,991,134 1,871,664 4,202,258 4,671,075 

Total Units 219,953 4,212,865 5,553,902 8,940,977 8,714,694 

NAV per Unit 0.599 0.710 0.337 0.470 0.536 








- three year period N/A N/A -0.74% 6.27% 5.82% 



indices 

KLCI 

21.80% 

KLCI 

31.80% 

KLCI 

-39.30% 

KLCI 

45.20% 

KLCI 

19.30% 


MAA ASSURANCE 



48



Dana MAA Equity Booster T/B 2006 T/B 2007 T/B 2008 T/B 2009 T/B 2010 


- Keluaran Pengguna N/A 6.82% 0.54% 2.32% 6.54% 


- Pembinaan 22.27% 15.90% 13.15% 11.27% 12.56% 


- Teknologi N/A N/A N/A 7.11% N/A 

- Kewangan 11.33% 14.22% 16.03% 13.84% 11.67% 


- Hartanah 10.66% 12.23% 8.47% 14.93% 13.32% 

- Perladangan 12.06% N/A N/A 3.22% N/A 

- REITS N/A 1.56% N/A N/A N/A 







Harga 



- Simpanan Tetap & Panggilan N/A N/A 27.69% 22.31% 18.61% 

Jumlah NAV 131,752 2,991,134 1,871,664 4,202,258 4,671,075 

Jumlah Unit 219,953 4,212,865 5,553,902 8,940,977 8,714,694 

NAV seunit 0.599 0.710 0.337 0.470 0.536 








- jangkamasa tiga tahun N/A N/A -0.74% 6.27% 5.82% 



KLCI 

21.80% 

KLCI 

31.80% 

KLCI 

-39.30% 

KLCI 

45.20% 

KLCI 

19.30% 



MAA ASSURANCE 


49



MAA Vulture Fund Y/E 2006 Y/E 2007 Y/E 2008 Y/E 2009 Y/E 2010 


- Consumer Products 9.49% 9.88% N/A 0.71% 0.50% 


- Construction 12.15% 12.75% 7.67% 4.46% 6.06% 


- Technology 2.44% N/A N/A 1.70% 3.05% 

- Finance 9.33% 21.06% 27.53% 25.88% 28.13% 

- Infrastructure 3.97% N/A 2.19% 6.04% 2.04% 

- Properties N/A 7.24% 2.57% 2.51% 3.16% 











Total NAV 4,890,875 36,973,082 45,847,559 77,638,497 81,433,040 

Total Units 7,738,726 48,712,888 127,354,336 168,413,230 154,521,901 

NAV per Unit 0.632 0.759 0.360 0.461 0.527 











indices 

KLCI 

21.80% 

KLCI 

31.80% 

KLCI 

-39.30% 

KLCI 

45.20% 

KLCI 

19.30% 


MAA ASSURANCE 



50



Dana MAA Vulture T/B 2006 T/B 2007 T/B 2008 T/B 2009 T/B 2010 


- Keluaran Pengguna 9.49% 9.88% N/A 0.71% 0.50% 


- Pembinaan 12.15% 12.75% 7.67% 4.46% 6.06% 


- Teknologi 2.44% N/A N/A 1.70% 3.05% 

- Kewangan 9.33% 21.06% 27.53% 25.88% 28.13% 

- Infrastruktur 3.97% N/A 2.19% 6.04% 2.04% 

- Hartanah N/A 7.24% 2.57% 2.51% 3.16% 









Harga 




Jumlah NAV 4,890,875 36,973,082 45,847,559 77,638,497 81,433,040 

Jumlah Unit 7,738,726 48,712,888 127,354,336 168,413,230 154,521,901 

NAV seunit 0.632 0.759 0.360 0.461 0.527 











KLCI 

21.80% 

KLCI 

31.80% 

KLCI 

-39.30% 

KLCI 

45.20% 

KLCI 

19.30% 



MAA ASSURANCE 


51



MAA Capital Guaranteed 2 Fund Y/E 2006 Y/E 2007 Y/E 2008 Y/E 2009 Y/E 2010 



- Industrial Products N/A N/A N/A N/A N/A 


- Trading & Services N/A N/A N/A 45.44% 41.77% 


- Finance 8.93% 24.71% N/A N/A N/A 


- Properties N/A N/A N/A N/A N/A 


- REITS 91.07% 75.29% 100.00% 54.56% 58.23% 



- Malaysian Government Securities 45.84% 36.03% N/A 15.92% 8.74% 





- Fixed & Call Deposits 8.32% N/A 25.06% 35.85% 43.61% 

Total NAV 72,523,050 20,522,607 18,994,382 16,110,794 11,518,571 

Total Units 139,736,127 37,794,856 33,265,117 27,260,227 18,759,888 

NAV per Unit 0.519 0.543 0.571 0.591 0.614 











indices 

1 Year Fixed 

Deposits 

3.70% 

1 Year Fixed 

Deposits 

3.70% 

1 Year Fixed 

Deposits 

3.70% 

1 Year Fixed 

Deposits 

2.60% 

1 Year Fixed 

Deposits 

2.80% 


MAA ASSURANCE 



52



Dana MAA Capital Guaranteed 2 T/B 2006 T/B 2007 T/B 2008 T/B 2009 T/B 2010 



- Keluaran Industri N/A N/A N/A N/A N/A 


- Perdagangan dan Perkhidmatan N/A N/A N/A 45.44% 41.77% 


- Kewangan 8.93% 24.71% N/A N/A N/A 


- Hartanah N/A N/A N/A N/A N/A 


- REITS 91.07% 75.29% 100.00% 54.56% 58.23% 



- Sekuriti Kerajaan Malaysia 45.84% 36.03% N/A 15.92% 8.74% 




Harga 



- Simpanan Tetap & Panggilan 8.32% N/A 25.06% 35.85% 43.61% 

Jumlah NAV 72,523,050 20,522,607 18,994,382 16,110,794 11,518,571 

Jumlah Unit 139,736,127 37,794,856 33,265,117 27,260,227 18,759,888 

NAV seunit 0.519 0.543 0.571 0.591 0.614 











Simpanan 

Tetap 1 Tahun 

3.70% 

Simpanan 

Tetap 1 Tahun 

3.70% 

Simpanan 

Tetap 1 Tahun 

3.70% 

Simpanan 

Tetap 1 Tahun 

2.60% 

Simpanan 

Tetap 1 Tahun 

2.80% 



MAA ASSURANCE 


53



MAA Yield Guaranteed Fund Y/E 2006 Y/E 2007 Y/E 2008 Y/E 2009 Y/E 2010 


- Consumer Products N/A 17.97% N/A N/A N/A 

- Industrial Products 12.89% 17.83% 10.44% 16.98% 

- Construction N/A N/A N/A 0.48% 

- Trading & Services N/A 22.56% 24.78% 39.21% 

- Technology N/A N/A N/A N/A 

- Finance N/A N/A N/A N/A 

- Infrastructure N/A N/A N/A N/A 

- Properties N/A N/A N/A N/A 

- Plantation N/A N/A N/A N/A 

- REITS 87.11% 41.63% 64.78% 43.33% 

- Derivative N/A N/A N/A N/A 


- Malaysian Government Securities 25.52% N/A N/A 13.76% N/A 

- Quoted Equity Securities 4.16% 10.63% 6.79% 10.63% 

- Quoted Corporate Debts N/A N/A N/A N/A 

- Unquoted Investment-Linked N/A N/A N/A N/A 

- Unquoted Corporate Bonds 59.44% 84.72% 71.49% 32.35% 

- Fixed & Call Deposits 10.88% 4.65% 21.72% 43.27% 

Total NAV 25,748,997 19,473,964 20,201,202 18,962,953 - 

Total Units 48,859,577 37,740,240 38,478,486 37,037,023 - 

NAV per Unit 0.527 0.516 0.525 0.512 - 




- Capital Growth 3.74% -2.09% 1.74% -2.48% 3.13% 



- one year period 3.74% -2.09% 1.74% -2.48% 3.13% 

- three year period N/A N/A 1.10% -0.96% 0.77% 



indices 

1 Year Fixed 

Deposits 

3.70% 

1 Year Fixed 

Deposits 

3.70% 

1 Year Fixed 

Deposits 

3.70% 

1 Year Fixed 

Deposits 

2.60% 

1 Year Fixed 

Deposits 

2.80% 


MAA ASSURANCE 



54



Dana MAA Yield Guaranteed T/B 2006 T/B 2007 T/B 2008 T/B 2009 T/B 2010 


- Keluaran Pengguna N/A 17.97% N/A N/A N/A 

- Keluaran Industri 12.89% 17.83% 10.44% 16.98% 

- Pembinaan N/A N/A N/A 0.48% 

- Perdagangan dan Perkhidmatan N/A 22.56% 24.78% 39.21% 

- Teknologi N/A N/A N/A N/A 

- Kewangan N/A N/A N/A N/A 

- Infrastruktur N/A N/A N/A N/A 

- Hartanah N/A N/A N/A N/A 

- Perladangan N/A N/A N/A N/A 

- REITS 87.11% 41.63% 64.78% 43.33% 

- Derivatif N/A N/A N/A N/A 


- Sekuriti Kerajaan Malaysia 25.52% N/A N/A 13.76% N/A 

- Sekuriti Ekuiti Disebut Harga 4.16% 10.63% 6.79% 10.63% 

- Hutang Korporat Disebut Harga N/A N/A N/A N/A 


Harga 

N/A N/A N/A N/A 

- Bon Korporat Tidak Disebut Harga 59.44% 84.72% 71.49% 32.35% 

- Simpanan Tetap & Panggilan 10.88% 4.65% 21.72% 43.27% 

Jumlah NAV 25,748,997 19,473,964 20,201,202 18,962,953 - 

Jumlah Unit 48,859,577 37,740,240 38,478,486 37,037,023 - 

NAV seunit 0.527 0.516 0.525 0.512 - 




- Pertumbuhan Modal 3.74% -2.09% 1.74% -2.48% 3.13% 



- jangkamasa satu tahun 3.74% -2.09% 1.74% -2.48% 3.13% 

- jangkamasa tiga tahun N/A N/A 1.10% -0.96% 0.77% 



Simpanan 

Tetap 1 Tahun 

3.70% 

Simpanan 

Tetap 1 Tahun 

3.70% 

Simpanan 

Tetap 1 Tahun 

3.70% 

Simpanan 

Tetap 1 Tahun 

2.60% 

Simpanan 

Tetap 1 Tahun 

2.80% 



MAA ASSURANCE 


55



MAA Dana Mas Yakin Y/E 2006 Y/E 2007 Y/E 2008 Y/E 2009 Y/E 2010 


- Consumer Products 11.61% 6.37% N/A 4.28% 3.99% 


- Construction 15.12% 19.56% 21.43% 12.00% 11.74% 


- Technology N/A N/A N/A 3.82% 3.97% 


- Infrastructure N/A N/A 8.36% 5.32% N/A 

- Properties N/A 7.59% 8.67% 7.15% 8.71% 


- REITS N/A 1.17% N/A N/A 3.81% 







- Unquoted Corporate Bonds N/A N/A 23.03% 27.12% 27.76% 


Total NAV 677,847 10,376,659 16,118,691 17,594,463 22,353,602 

Total Units 1,323,920 14,802,653 39,410,002 36,808,500 41,939,216 

NAV per Unit 0.512 0.701 0.409 0.478 0.533 





- Income Distribution N/A 30.00% 6.00% 9.00% 15.00% 



- three year period N/A N/A N/A 8.77% 4.55% 

- five year period N/A N/A N/A N/A N/A 


indices 

50% FBM 

Syariah + 50% 

FD 

13.90% 

50% FBM 

Syariah + 50% 

FD 

24.70% 

50% FBM 

Syariah + 50% 

FD 

-19.90% 

50% FBM 

Syariah + 50% 

FD 

23.90% 

50% FBM 

Syariah + 50% 

FD 

10.50% 


MAA ASSURANCE 



56



MAA Dana Mas Yakin T/B 2006 T/B 2007 T/B 2008 T/B 2009 T/B 2010 


- Keluaran Pengguna 11.61% 6.37% N/A 4.28% 3.99% 


- Pembinaan 15.12% 19.56% 21.43% 12.00% 11.74% 


- Teknologi N/A N/A N/A 3.82% 3.97% 


- Infrastruktur N/A N/A 8.36% 5.32% N/A 

- Hartanah N/A 7.59% 8.67% 7.15% 8.71% 


- REITS N/A 1.17% N/A N/A 3.81% 







Harga 


- Bon Korporat Tidak Disebut Harga N/A N/A 23.03% 27.12% 27.76% 


Jumlah NAV 677,847 10,376,659 16,118,691 17,594,463 22,353,602 

Jumlah Unit 1,323,920 14,802,653 39,410,002 36,808,500 41,939,216 

NAV seunit 0.512 0.701 0.409 0.478 0.533 





- Pengagihan Pendapatan N/A 30.00% 6.00% 9.00% 15.00% 



- jangkamasa tiga tahun N/A N/A N/A 8.77% 4.55% 

- jangkamasa lima tahun N/A N/A N/A N/A N/A 


50% FBM 

Syariah + 50% 

FD 

13.90% 

50% FBM 

Syariah + 50% 

FD 

24.70% 

50% FBM 

Syariah + 50% 

FD 

-19.90% 

50% FBM 

Syariah + 50% 

FD 

23.90% 

50% FBM 

Syariah + 50% 

FD 

10.50% 



MAA ASSURANCE 


57



MAA Capital Guaranteed 3 Fund Y/E 2006 Y/E 2007 Y/E 2008 Y/E 2009 Y/E 2010 



- Industrial Products N/A N/A N/A 

- Construction N/A N/A N/A 

- Trading & Services N/A 100.00% 100.00% 

- Technology N/A N/A N/A 

- Finance 100.00% N/A N/A 

- Infrastructure N/A N/A N/A 

- Properties N/A N/A N/A 

- Plantation N/A N/A N/A 

- REITS N/A N/A N/A 

- Derivative N/A N/A N/A 


- Malaysian Government Securities 59.39% 70.46% N/A N/A 31.33% 

- Quoted Equity Securities N/A 1.98% N/A 6.97% 4.31% 



- Unquoted Corporate Bonds N/A 27.56% 74.13% 43.89% 32.09% 

- Fixed & Call Deposits 40.61% N/A 25.87% 49.14% 32.28% 

Total NAV 17,799,424 14,707,454 14,134,351 11,505,505 11,199,044 

Total Units 35,316,317 28,121,327 25,982,265 19,940,218 18,758,868 

NAV per Unit 0.504 0.523 0.544 0.577 0.597 











indices 

1 Year Fixed 

Deposits 

3.70% 

1 Year Fixed 

Deposits 

3.70% 

1 Year Fixed 

Deposits 

3.70% 

1 Year Fixed 

Deposits 

2.60% 

1 Year Fixed 

Deposits 

2.80% 


MAA ASSURANCE 



58



Dana MAA Capital Guaranteed 3 T/B 2006 T/B 2007 T/B 2008 T/B 2009 T/B 2010 



- Keluaran Industri N/A N/A N/A 

- Pembinaan N/A N/A N/A 

- Perdagangan dan Perkhidmatan N/A 100.00% 100.00% 

- Teknologi N/A N/A N/A 

- Kewangan 100.00% N/A N/A 

- Infrastruktur N/A N/A N/A 

- Hartanah N/A N/A N/A 

- Perladangan N/A N/A N/A 

- REITS N/A N/A N/A 

- Derivatif N/A N/A N/A 


- Sekuriti Kerajaan Malaysia 59.39% 70.46% N/A N/A 31.33% 

- Sekuriti Ekuiti Disebut Harga N/A 1.98% N/A 6.97% 4.31% 



Harga 


- Bon Korporat Tidak Disebut Harga N/A 27.56% 74.13% 43.89% 32.09% 

- Simpanan Tetap & Panggilan 40.61% N/A 25.87% 49.14% 32.28% 

Jumlah NAV 17,799,424 14,707,454 14,134,351 11,505,505 11,199,044 

Jumlah Unit 35,316,317 28,121,327 25,982,265 19,940,218 18,758,868 

NAV seunit 0.504 0.523 0.544 0.577 0.597 











Simpanan 

Tetap 1 Tahun 

3.70% 

Simpanan 

Tetap 1 Tahun 

3.70% 

Simpanan 

Tetap 1 Tahun 

3.70% 

Simpanan 

Tetap 1 Tahun 

2.60% 

Simpanan 

Tetap 1 Tahun 

2.80% 



MAA ASSURANCE 


59



MAA Global Asset Guaranteed Fund Y/E 2006 Y/E 2007 Y/E 2008 Y/E 2009 Y/E 2010 






- Technology 

- Finance 


- Properties 

- Plantation 

- REITS 

- Derivative 



- Quoted Equity Securities N/A N/A N/A N/A N/A 





Total NAV 33,809,132 33,259,660 27,653,127 29,011,633 26,748,469 

Total Units 68,163,573 63,111,313 55,977,994 54,126,185 49,626,106 

NAV per Unit 0.496 0.527 0.494 0.536 0.539 




- Capital Growth -0.80% 6.25% -6.25% 8.50% 0.56% 



- one year period -0.80% 6.25% -6.25% 8.50% 0.56% 




indices 

1 Year Fixed 

Deposits 

3.70% 

1 Year Fixed 

Deposits 

3.70% 

1 Year Fixed 

Deposits 

3.70% 

1 Year Fixed 

Deposits 

2.60% 

1 Year Fixed 

Deposits 

2.80% 


MAA ASSURANCE 



60



Dana MAA Global Asset Guaranteed T/B 2006 T/B 2007 T/B 2008 T/B 2009 T/B 2010 




- Pembinaan 


- Teknologi 

- Kewangan 


- Hartanah 

- Perladangan 

- REITS 

- Derivatif 



- Sekuriti Ekuiti Disebut Harga N/A N/A N/A N/A N/A 



Harga 




Jumlah NAV 33,809,132 33,259,660 27,653,127 29,011,633 26,748,469 

Jumlah Unit 68,163,573 63,111,313 55,977,994 54,126,185 49,626,106 

NAV seunit 0.496 0.527 0.494 0.536 0.539 




- Pertumbuhan Modal -0.80% 6.25% -6.25% 8.50% 0.56% 



- jangkamasa satu tahun -0.80% 6.25% -6.25% 8.50% 0.56% 




Simpanan 

Tetap 1 Tahun 

3.70% 

Simpanan 

Tetap 1 Tahun 

3.70% 

Simpanan 

Tetap 1 Tahun 

3.70% 

Simpanan 

Tetap 1 Tahun 

2.60% 

Simpanan 

Tetap 1 Tahun 

2.80% 



MAA ASSURANCE 


61



MAA Capital Guaranteed Asia Pacific 

Equities Fund 

Y/E 2006 Y/E 2007 Y/E 2008 Y/E 2009 Y/E 2010 






- Technology 

- Finance 


- Properties 

- Plantation 

- REITS 

- Derivative 



- Quoted Equity Securities N/A N/A N/A 

- Quoted Corporate Debts N/A N/A N/A 

- Unquoted Investment-Linked N/A N/A N/A 

- Unquoted Corporate Bonds N/A N/A N/A 

- Fixed & Call Deposits 100.00% 100.00% 100.00% 

Total NAV N/A 19,899,830 20,040,309 15,818,393 15,464,875 

Total Units N/A 39,799,660 40,000,615 31,016,455 29,456,903 

NAV per Unit N/A 0.500 0.501 0.510 0.525 

Highest NAV per Unit during the year N/A 0.500 0.505 0.511 0.525 

Lowest NAV per Unit during the year N/A 0.500 0.478 0.500 0.510 


- Capital Growth N/A N/A 0.20% 1.80% 2.95% 

- Income Distribution N/A N/A N/A 


- one year period N/A N/A 0.20% 1.80% 2.95% 

- three year period N/A N/A 1.64% 

- five year period N/A N/A N/A 


indices 

1 Year Fixed 

Deposits 

3.70% 

1 Year Fixed 

Deposits 

3.70% 

1 Year Fixed 

Deposits 

3.70% 

1 Year Fixed 

Deposits 

2.60% 

1 Year Fixed 

Deposits 

2.80% 


MAA ASSURANCE 



62



Dana MAA Capital Guaranteed Asia 

Pacific Equities 

T/B 2006 T/B 2007 T/B 2008 T/B 2009 T/B 2010 




- Pembinaan 


- Teknologi 

- Kewangan 


- Hartanah 

- Perladangan 

- REITS 

- Derivatif 



- Sekuriti Ekuiti Disebut Harga N/A N/A N/A 

- Hutang Korporat Disebut Harga N/A N/A N/A 


Harga 

N/A N/A N/A 

- Bon Korporat Tidak Disebut Harga N/A N/A N/A 

- Simpanan Tetap & Panggilan 100.00% 100.00% 100.00% 

Jumlah NAV N/A 19,899,830 20,040,309 15,818,393 15,464,875 

Jumlah Unit N/A 39,799,660 40,000,615 31,016,455 29,456,903 

NAV seunit N/A 0.500 0.501 0.510 0.525 

NAV seunit tertinggi sepanjang tahun N/A 0.500 0.505 0.511 0.525 

NAV seunit terendah sepanjang tahun N/A 0.500 0.478 0.500 0.510 


- Pertumbuhan Modal N/A N/A 0.20% 1.80% 2.95% 

- Pengagihan Pendapatan N/A N/A N/A 


- jangkamasa satu tahun N/A N/A 0.20% 1.80% 2.95% 

- jangkamasa tiga tahun N/A N/A 1.64% 

- jangkamasa lima tahun N/A N/A N/A 


Simpanan 

Tetap 1 Tahun 

3.70% 

Simpanan 

Tetap 1 Tahun 

3.70% 

Simpanan 

Tetap 1 Tahun 

3.70% 

Simpanan 

Tetap 1 Tahun 

2.60% 

Simpanan 

Tetap 1 Tahun 

2.80% 



MAA ASSURANCE 


63



MAA Capital Guaranteed Swing 6 Fund Y/E 2006 Y/E 2007 Y/E 2008 Y/E 2009 Y/E 2010 






- Technology 

- Finance 


- Properties 

- Plantation 

- REITS 

- Derivative 



- Quoted Equity Securities N/A N/A N/A 

- Quoted Corporate Debts N/A N/A N/A 

- Unquoted Investment-Linked N/A N/A N/A 

- Unquoted Corporate Bonds N/A N/A N/A 

- Fixed & Call Deposits 100.00% 100.00% 100.00% 

Total NAV N/A N/A 11,718,928 8,156,072 6,814,126 

Total Units N/A N/A 22,888,527 16,150,634 13,334,881 

NAV per Unit N/A N/A 0.512 0.505 0.511 

Highest NAV per Unit during the year N/A N/A 0.512 0.520 0.518 

Lowest NAV per Unit during the year N/A N/A 0.500 0.499 0.502 


- Capital Growth N/A N/A N/A -1.37% 1.19% 

- Income Distribution N/A N/A 


- one year period N/A N/A N/A -1.37% 1.19% 

- three year period N/A N/A 

- five year period N/A N/A 


indices 

1 Year Fixed 

Deposits 

3.70% 

1 Year Fixed 

Deposits 

3.70% 

1 Year Fixed 

Deposits 

3.70% 

1 Year Fixed 

Deposits 

2.60% 

1 Year Fixed 

Deposits 

2.80% 


MAA ASSURANCE 



64



Dana MAA Capital Guaranteed Swing 6 T/B 2006 T/B 2007 T/B 2008 T/B 2009 T/B 2010 




- Pembinaan 


- Teknologi 

- Kewangan 


- Hartanah 

- Perladangan 

- REITS 

- Derivatif 



- Sekuriti Ekuiti Disebut Harga N/A N/A N/A 

- Hutang Korporat Disebut Harga N/A N/A N/A 


Harga 

N/A N/A N/A 

- Bon Korporat Tidak Disebut Harga N/A N/A N/A 

- Simpanan Tetap & Panggilan 100.00% 100.00% 100.00% 

Jumlah NAV N/A N/A 11,718,928 8,156,072 6,814,126 

Jumlah Unit N/A N/A 22,888,527 16,150,634 13,334,881 

NAV seunit N/A N/A 0.512 0.505 0.511 

NAV seunit tertinggi sepanjang tahun N/A N/A 0.512 0.520 0.518 

NAV seunit terendah sepanjang tahun N/A N/A 0.500 0.499 0.502 


- Pertumbuhan Modal N/A N/A N/A -1.37% 1.19% 

- Pengagihan Pendapatan N/A N/A 


- jangkamasa satu tahun N/A N/A N/A -1.37% 1.19% 

- jangkamasa tiga tahun N/A N/A 

- jangkamasa lima tahun N/A N/A 


Simpanan 

Tetap 1 Tahun 

3.70% 

Simpanan 

Tetap 1 Tahun 

3.70% 

Simpanan 

Tetap 1 Tahun 

3.70% 

Simpanan 

Tetap 1 Tahun 

2.60% 

Simpanan 

Tetap 1 Tahun 

2.80% 



MAA ASSURANCE 


65

STATEMENT OF ASSETS AND LIABILITES 


Note Growth Fund Balanced Fund 

2010 2009 2010 2009 

RM RM RM RM 

INVESTMENTS 

Fair Value Through Profit and Loss 

Malaysian Government Securities - - - - 

Quoted investments 3 175,951,872 153,195,638 55,504,408 49,601,786 

Unquoted investments 4 15,175,253 14,441,433 31,747,762 18,830,276 

Fixed and call deposits 42,582,574 15,680,265 20,131,956 14,594,182 

233,709,699 183,317,336 107,384,126 83,026,244 

OTHER ASSETS 

Deferred tax assets 5 - - - - 

Tax recoverable 1,801,116 3,071,652 - 217,154 

Receivables 1,241,949 194,350 694,531 - 

Amount due from Manager - - 1,197,879 762,235 

Interest and dividend receivable 171,659 371,041 390,277 260,200 

Cash and bank balances 8 256,241 537,729 96,087 409,496 

3,470,965 4,174,772 2,378,774 1,649,085 

TOTAL ASSETS 237,180,664 187,492,108 109,762,900 84,675,329 

LIABILITIES 

Deferred tax liabilities 5 3,729,859 1,701,864 1,092,631 286,810 

Amount due to Manager 1,244,117 1,890,030 - - 

Payables 1,390,342 163,339 632,793 66,498 

Current tax liabilities - - 323,365 - 

TOTAL LIABILITIES 6,364,318 3,755,233 2,048,789 353,308 

NET ASSET VALUE OF FUND 230,816,346 183,736,875 107,714,111 84,322,021 

PRESENTED BY: 

Policyholders’ capital 6 129,281,479 121,028,577 72,947,139 65,988,147 

Undistributed income / (accumulated 

losses) carried forward 

101,534,867 62,708,298 34,766,972 18,333,874 

POLICYHOLDERS’ FUND 230,816,346 183,736,875 107,714,111 84,322,021 

Number of units in circulation 515,215,054 432,322,056 223,010,578 191,206,392 

Net asset value per unit 

0.448 0.425 0.483 0.441 

The accompanying notes are an integral part of these financial statements 


MAA ASSURANCE 



66

PENYATA ASET DAN LIABILITI 


Income Fund 

Dana Mas Maju 

2010 2009 2010 2009 

RM RM RM RM 

PELABURAN 

Nilai Saksama Melalui Untung dan Rugi 

- - - - Sekuriti Kerajaan Malaysia 

4,483,344 4,609,170 63,062,647 53,872,058 Pelaburan disebut harga 

46,534,686 37,037,076 5,204,644 5,467,500 Pelaburan tidak disebut harga 

6,822,164 6,860,732 16,430,033 10,174,780 Simpanan tetap dan panggilan 

57,840,194 48,506,978 84,697,324 69,514,338 

ASET LAIN 

- - - - Aset cukai tertunda 

- - - 153,297 Cukai boleh pulih 

- - 500,000 - Belum terima 

1,134,293 1,036,449 - 184,235 Jumlah perlu dibayar oleh Pengurus 

516,480 427,412 105,225 109,014 Faedah dan dividen belum terima 

84,797 240,556 354,274 274,986 Tunai dan baki bank 

1,735,570 1,704,417 959,499 721,532 

59,575,764 50,211,395 85,656,823 70,235,870 JUMLAH ASET 

TANGGUNGAN 

229,090 71,950 1,028,447 142,567 Tanggungan cukai tertunda 

- - 1,551 - Jumlah perlu dibayar kepada Pengurus 

50,903 30,423 606,374 61,453 Belum bayar 

161,893 102,941 244,384 - Tanggungan cukai semasa 

441,886 205,314 1,880,756 204,020 JUMLAH TANGGUNGAN 

59,133,878 50,006,081 83,776,067 70,031,850 NILAI ASET BERSIH DANA 

DIWAKILI OLEH: 

50,607,672 45,713,806 54,012,920 53,810,176 Modal pemegang polisi 

8,526,206 4,292,275 29,763,147 16,221,674 Pendapatan tidak diagihkan / (Kerugian terkumpul) 

dibawa ke hadapan 

59,133,878 50,006,081 83,776,067 70,031,850 DANA PEMEGANG POLISI 

109,507,185 91,922,947 193,032,408 176,402,640 Bilangan Unit dalam edaran 

0.540 0.544 0.434 0.397 

Nilai aset bersih setiap unit 

Nota yang disertakan membentuk sebahagian daripada penyata kewangan ini. 



MAA ASSURANCE 


67



Note Dana Seri Mulia Small Cap Fund 

2010 2009 2010 2009 

RM RM RM RM 



Malaysian Government Securities 7,121,800 - - - 

Quoted investments 3 3,843,870 1,305,389 2,492,006 2,136,237 

Unquoted investments 4 36,624,659 21,018,975 - - 

Fixed and call deposits 17,605,497 8,506,846 1,443,000 - 

65,195,826 30,831,210 3,935,006 2,136,237 

OTHER ASSETS 


Tax recoverable - - - 10,946 

Receivables 300,000 - 305,067 - 

Amount due from Manager 571,213 326,371 58,896 55,379 


Cash and bank balances 8 305,331 19,012 21,300 425,641 

1,496,619 519,006 390,604 495,579 

TOTAL ASSETS 66,692,445 31,350,216 4,325,610 2,631,816 

LIABILITIES 

Deferred tax liabilities 5 251,764 95,151 37,223 3,102 

Amount due to Manager - - - - 

Payables 354,716 19,430 255,213 2,340 

Current tax liabilities 153,560 97,245 3,180 - 

TOTAL LIABILITIES 760,040 211,826 295,616 5,442 


PRESENTED BY: 

Policyholders’ capital 6 61,024,622 29,439,747 1,890,002 973,294 



4,907,783 1,698,643 2,139,992 1,653,080 




0.529 0.534 0.492 0.460 



MAA ASSURANCE 



68



Technology Fund 

Capital Guaranteed Fund 

2010 2009 2010 2009 

RM RM RM RM 

PELABURAN 



339,350 325,174 - - Pelaburan disebut harga 

- - - 682,665 Pelaburan tidak disebut harga 

710,000 - - 2,558,756 Simpanan tetap dan panggilan 

1,049,350 325,174 - 3,241,421 

ASET LAIN 

- 2,168 - 3,049 Aset cukai tertunda 

- 4,089 - 20,546 Cukai boleh pulih 

- - - - Belum terima 

- - - - Jumlah perlu dibayar oleh Pengurus 

4,313 - - 4,192 Faedah dan dividen belum terima 

24,731 479,270 - 171 Tunai dan baki bank 

29,044 485,527 - 27,958 

1,078,394 810,701 - 3,269,379 JUMLAH ASET 

TANGGUNGAN 

3,003 - - - Tanggungan cukai tertunda 

88,641 88,340 - 764,155 Jumlah perlu dibayar kepada Pengurus 

1,137 564 - 2,386 Belum bayar 

4,482 - - - Tanggungan cukai semasa 

97,263 88,904 - 766,541 JUMLAH TANGGUNGAN 

981,131 721,797 - 2,502,838 NILAI ASET BERSIH DANA 


393,109 260,426 (6,120,136) (3,239,037) Modal pemegang polisi 

588,022 461,371 6,120,136 5,741,875 Pendapatan tidak diagihkan / (Kerugian terkumpul) 


981,131 721,797 - 2,502,838 DANA PEMEGANG POLISI 

2,132,893 1,751,934 - 3,525,124 Bilangan Unit dalam edaran 

0.460 0.412 - 0.710 





MAA ASSURANCE 


69



Note Cash Reserve Fund Billion Cap Fund 

2010 2009 2010 2009 

RM RM RM RM 




Quoted investments 3 - - 13,199,070 14,370,582 

Unquoted investments 4 4,288,750 3,654,750 - - 

Fixed and call deposits 1,088,192 1,514,944 1,737,000 3,469,000 

5,376,942 5,169,694 14,936,070 17,839,582 

OTHER ASSETS 


Tax recoverable - - - 48,090 

Receivables - - - - 

Amount due from Manager 32,457 32,677 162,213 - 


Cash and bank balances 8 - 18 22,050 103,166 

80,989 72,377 187,812 169,082 

TOTAL ASSETS 5,457,931 5,242,071 15,123,882 18,008,664 

LIABILITIES 


Amount due to Manager - - - 41,860 

Payables 4,738 2,516 17,895 15,414 

Current tax liabilities 13,622 12,974 143,821 - 



PRESENTED BY: 




1,938,700 1,736,132 5,029,638 1,131,021 




0.521 0.532 0.525 0.449 



MAA ASSURANCE 



70



Equity Booster Fund 

Vulture Fund 

2010 2009 2010 2009 

RM RM RM RM 

PELABURAN 



3,783,881 3,235,373 66,355,062 65,407,311 Pelaburan disebut harga 

- - - - Pelaburan tidak disebut harga 

865,000 929,000 15,565,391 11,642,136 Simpanan tetap dan panggilan 

4,648,881 4,164,373 81,920,453 77,049,447 

ASET LAIN 

- 298 - - Aset cukai tertunda 

- 3,234 - 447,778 Cukai boleh pulih 

200,000 - 550,000 - Belum terima 

72,418 - 1,199,581 40,102 Jumlah perlu dibayar oleh Pengurus 

132 502 38,294 82,343 Faedah dan dividen belum terima 

39,010 52,177 64,777 529,816 Tunai dan baki bank 

311,560 56,211 1,852,652 1,100,039 

4,960,441 4,220,584 83,773,105 78,149,486 JUMLAH ASET 

TANGGUNGAN 

46,089 - 1,285,257 443,307 Tanggungan cukai tertunda 

- 14,728 - - Jumlah perlu dibayar kepada Pengurus 

205,824 3,598 649,567 67,682 Belum bayar 

37,453 - 405,241 - Tanggungan cukai semasa 

289,366 18,326 2,340,065 510,989 JUMLAH TANGGUNGAN 




863,071 (289,115) 19,487,735 1,495,238 Pendapatan tidak diagihkan / (Kerugian terkumpul) 




0.536 0.470 0.527 0.461 





MAA ASSURANCE 


71



Note Capital Guaranteed 2 Fund Yield Guaranteed Fund 

2010 2009 2010 2009 

RM RM RM RM 



Malaysian Government Securities 1,007,200 2,561,500 - 2,561,500 

Quoted investments 3 577,070 1,624,734 - 1,978,811 

Unquoted investments 4 4,913,360 6,134,901 - 6,021,953 

Fixed and call deposits 5,025,000 5,769,000 - 8,055,146 

11,522,630 16,090,135 - 18,617,410 

OTHER ASSETS 

Deferred tax assets 5 - - - 115,658 

Tax recoverable - - - - 


Amount due from Manager 15,828 8,547 - 141,587 

Interest and dividend receivable 65,265 101,828 - 137,306 

Cash and bank balances 8 515 8,166 - 434 

81,608 118,541 - 394,985 

TOTAL ASSETS 11,604,238 16,208,676 - 19,012,395 

LIABILITIES 

Deferred tax liabilities 5 16,158 12,443 - - 

Amount due to Manager - - - - 

Payables 12,287 13,687 - 15,986 

Current tax liabilities 57,222 71,752 - 33,456 

TOTAL LIABILITIES 85,667 97,882 - 49,442 

NET ASSET VALUE OF FUND 11,518,571 16,110,794 - 18,962,953 

PRESENTED BY: 

Policyholders’ capital 6 5,996,980 11,235,744 (3,749,159) 18,429,242 



5,521,591 4,875,050 3,749,159 533,711 

POLICYHOLDERS’ FUND 11,518,571 16,110,794 - 18,962,953 

Number of units in circulation 18,759,888 27,260,227 - 37,037,023 


0.614 0.591 - 0.512 



MAA ASSURANCE 



72



Dana Mas Yakin 

Capital Guaranteed 3 Fund 

2010 2009 2010 2009 

RM RM RM RM 

PELABURAN 


- - 3,503,000 - Sekuriti Kerajaan Malaysia 

12,432,831 10,727,869 482,139 802,868 Pelaburan disebut harga 

6,131,859 4,710,325 3,587,800 5,054,700 Pelaburan tidak disebut harga 

3,523,382 1,930,241 3,609,230 5,659,797 Simpanan tetap dan panggilan 

22,088,072 17,368,435 11,182,169 11,517,365 

ASET LAIN 

- - - - Aset cukai tertunda 

- 23,433 - - Cukai boleh pulih 

300,000 - - - Belum terima 

350,247 51,003 1,483 1,473 Jumlah perlu dibayar oleh Pengurus 

57,062 55,328 80,395 60,576 Faedah dan dividen belum terima 

239,670 165,878 589 829 Tunai dan baki bank 

946,979 295,642 82,467 62,878 

23,035,051 17,664,077 11,264,636 11,580,243 JUMLAH ASET 

TANGGUNGAN 

264,446 54,138 11,078 14,125 Tanggungan cukai tertunda 

- - - - Jumlah perlu dibayar kepada Pengurus 

327,783 15,476 11,249 9,431 Belum bayar 

89,220 - 43,265 51,182 Tanggungan cukai semasa 

681,449 69,614 65,592 74,738 JUMLAH TANGGUNGAN 




3,371,789 (363,584) 2,359,857 1,957,650 Pendapatan tidak diagihkan / (Kerugian terkumpul) 




0.533 0.478 0.597 0.577 





MAA ASSURANCE 


73



Note 

Global Asset Guaranteed Fund 

Capital Guaranteed Asia Pacific 

Fund 

2010 2009 2010 2009 

RM RM RM RM 




Quoted investments 3 - - - - 

Unquoted investments 4 - - - - 

Structured deposits 27,202,283 29,705,569 16,179,730 15,879,605 

27,202,283 29,705,569 16,179,730 15,879,605 

OTHER ASSETS 


Tax recoverable 382 2,559 564 564 


Amount due from Manager - - - 169,452 

Interest and dividend receivable - - - - 

Cash and bank balances 8 244,793 19,867 729 75,178 

245,175 22,426 1,293 245,194 

TOTAL ASSETS 27,447,458 29,727,995 16,181,023 16,124,799 

LIABILITIES 


Amount due to Manager 363,682 387,750 459,426 - 

Payables 113,075 118,117 165,791 255,485 

Current tax liabilities - - - - 



PRESENTED BY: 




1,987,150 1,975,862 650,947 259,234 




0.539 0.536 0.525 0.510 



MAA ASSURANCE 



74



Capital Guaranteed Swing 6 

Fund 

2010 2009 

RM 

RM 

PELABURAN 


- - Sekuriti Kerajaan Malaysia 

- - Pelaburan disebut harga 

- - Pelaburan tidak disebut harga 

6,817,861 8,253,000 Simpanan tetap dan panggilan 

6,817,861 8,253,000 

ASET LAIN 

- - Aset cukai tertunda 

126 - Cukai boleh pulih 

- - Belum terima 

90,297 147,676 Jumlah perlu dibayar oleh Pengurus 

- - Faedah dan dividen belum terima 

113,086 28,722 Tunai dan baki bank 

203,509 176,398 

7,021,370 8,429,398 JUMLAH ASET 

TANGGUNGAN 

31,406 19,739 Tanggungan cukai tertunda 

- - Jumlah perlu dibayar kepada Pengurus 

175,838 253,587 Belum bayar 

- - Tanggungan cukai semasa 

207,244 273,326 JUMLAH TANGGUNGAN 

6,814,126 8,156,072 NILAI ASET BERSIH DANA 


6,787,904 8,187,890 Modal pemegang polisi 

26,222 (31,818) Pendapatan tidak diagihkan / (Kerugian terkumpul) 


6,814,126 8,156,072 DANA PEMEGANG POLISI 

13,334,881 16,150,634 Bilangan Unit dalam edaran 

0.511 0.505 Nilai aset bersih setiap unit 




MAA ASSURANCE 


75

STATEMENT OF INCOME AND EXPANDITURE 

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2010 

Growth Fund 

Balanced Fund 

2010 2009 2010 2009 

RM RM RM RM 

INCOME 

Net investment income 

Interest income 995,950 690,631 1,729,809 1,355,813 

Dividend income 6,241,673 4,844,281 2,362,308 1,839,909 

Profits on disposal 

Debt Securities 109,399 - 191,505 6,926 

Equities Securities 317,343 467,356 - 391,224 

Others - 261 33,303 - 

Unrealised capital gain 

Debt Securities 227,614 286,354 948,704 1,093,115 

Equities Securities 36,883,498 50,344,035 13,553,686 14,347,134 

Others 677,145 2,498,048 429,201 740,045 

Accretion of discounts - - 75,064 12,019 

Other income - - 7,807 - 

TOTAL INCOME 45,452,622 59,130,966 19,331,387 19,786,185 

OUTGO 

Management fees 3,043,345 2,186,060 1,304,104 885,470 

Administrative expenses 120,390 288,971 3,885 110,746 

Loss on disposal 

Debt Securities - - - - 

Equities Securities - - 111,454 - 

Others - - - - 

Unrealised capital loss 


Equities Securities - - - - 


Amortisation of premiums 4,933 1,554 - - 

TOTAL OUTGO 3,168,668 2,476,585 1,419,443 996,216 

Net income / (loss) before taxation 42,283,954 56,654,381 17,911,944 18,789,969 

Taxation (3,457,385) (4,498,884) (1,478,846) (1,521,860) 

NET INCOME / (LOSS) FOR THE 

FINANCIAL YEAR 

(Accumulated losses) / undistributed 

income brought forward 

38,826,569 52,155,497 16,433,098 17,268,109 

62,708,298 10,552,801 18,333,874 1,065,765 

Amount available for distribution - - - - 


income carried forward 

101,534,867 62,708,298 34,766,972 18,333,874 



MAA ASSURANCE 



76

PENYATA PENDAPATAN DAN PERBELANJAAN 

BAGI TAHUN KEWANGAN BERAKHIR 31 DISEMBER 2010 

Income Fund 

Dana Mas Maju 

2010 2009 2010 2009 

RM RM RM RM 

PENDAPATAN 

Pendapatan pelaburan bersih 

2,313,748 2,251,107 678,284 667,724 Pendapatan faedah 

285,767 360,475 1,980,705 1,355,582 Pendapatan dividen 

Keuntungan atas pelupusan 

106,288 13,798 136,749 - Sekuriti Hutang 

- 26,047 192,893 132,744 Sekuriti Ekuiti 

22,202 - - - Lain-lain 

Keuntungan modal belum terealisasi 

1,297,613 1,409,660 218,079 357,943 Sekuriti Hutang 

518,669 397,934 12,628,158 14,835,347 Sekuriti Ekuiti 

344,365 618,425 309,000 63,000 Lain-lain 

294,471 279,527 - - Penambahan diskaun 

11,381 - - - Pendapatan lain 

5,194,504 5,356,973 16,143,868 17,412,340 JUMLAH PENDAPATAN 

WANG KELUAR 

560,460 515,022 1,130,512 865,540 Yuran pengurusan 

2,327 21,431 237,898 55,578 Perbelanjaan pentadbiran 

Kerugian atas pelupusan 

- - - - Sekuriti Hutang 

- - - - Sekuriti Ekuiti 

- - - - Lain-lain 





- - 26,579 1,943 Pelunasan premium 

562,787 536,453 1,394,989 923,061 JUMLAH WANG KELUAR 

4,631,717 4,820,520 14,748,879 16,489,279 Pendapatan bersih / (kerugian) sebelum cukai 

(396,372) (291,379) (1,207,406) (1,336,644) Cukai 

4,235,345 4,529,141 13,541,473 15,152,635 PENDAPATAN BERSIH / (KERUGIAN) 

BAGI TAHUN KEWANGAN 

4,292,275 (236,648) 16,221,674 1,069,039 

(Kerugian terkumpul) / pendapatan tidak diagih 


(1,414) (218) - - Jumlah sedia untuk pengagihan 

8,526,206 4,292,275 29,763,147 16,221,674 (Kerugian terkumpul) / pendapatan tidak diagih 





MAA ASSURANCE 


77



Dana Seri Mulia 

Small Cap Fund 

2010 2009 2010 2009 

RM RM RM RM 

INCOME 


Interest income 1,984,551 1,300,924 22,693 5,191 

Dividend income 111,959 86,825 92,077 68,843 


Debt Securities 3,475 - - - 

Equities Securities 17,453 - 22,794 4,416 



Debt Securities 1,296,696 651,182 - - 

Equities Securities 397,143 113,620 409,490 463,204 

Others 274,250 24,750 36,500 99,500 

Accretion of discounts 141,561 190,768 - - 

Other income 28,982 - - 1,157 

TOTAL INCOME 4,256,070 2,368,069 583,554 642,311 

OUTGO 

Management fees 554,758 306,189 48,979 33,481 

Administrative expenses 2,982 3,793 4,926 315 


Debt Securities - 4,135 - - 







Amortisation of premiums - - - - 

TOTAL OUTGO 557,740 314,117 53,905 33,796 

Net income / (loss) before taxation 3,698,330 2,053,952 529,649 608,515 

Taxation (329,149) (161,224) (42,737) (44,399) 





3,369,181 1,892,728 486,912 564,116 

1,698,643 (70,150) 1,653,080 1,088,964 

Amount available for distribution (160,041) (123,935) - - 



4,907,783 1,698,643 2,139,992 1,653,080 



MAA ASSURANCE 



78





2010 2009 2010 2009 

RM RM RM RM 

PENDAPATAN 


16,790 7,191 20,649 137,198 Pendapatan faedah 

14,260 14,571 - - Pendapatan dividen 



12,456 5,885 - - Sekuriti Ekuiti 

- - 121,498 - Lain-lain 





- - - 15,419 Penambahan diskaun 

- - 424,912 250 Pendapatan lain 

153,540 137,734 567,059 152,867 JUMLAH PENDAPATAN 

WANG KELUAR 

12,089 8,941 7,470 43,060 Yuran pengurusan 

3,296 3,277 58 326 Perbelanjaan pentadbiran 


- - 121,483 2,368 Sekuriti Hutang 







- - - - Pelunasan premium 

15,385 12,218 182,974 60,804 JUMLAH WANG KELUAR 

138,155 125,516 384,085 92,063 Pendapatan bersih / (kerugian) sebelum cukai 

(11,504) (4,064) (5,824) 7,525 Cukai 

126,651 121,452 378,261 99,588 PENDAPATAN BERSIH / (KERUGIAN) 


461,371 339,919 5,741,875 5,642,287 



- - - - Jumlah sedia untuk pengagihan 

588,022 461,371 6,120,136 5,741,875 (Kerugian terkumpul) / pendapatan tidak diagih 





MAA ASSURANCE 


79



Cash Reserve Fund 

Billion Cap Fund 

2010 2009 2010 2009 

RM RM RM RM 

INCOME 


Interest income 143,124 141,079 36,726 57,012 

Dividend income - - 577,399 442,589 


Debt Securities - 9,993 - - 

Equities Securities - - 53,574 120,889 



Debt Securities 23,255 121,033 - - 

Equities Securities - - 3,886,105 4,145,871 

Others - - 16,500 - 

Accretion of discounts 107,015 100,474 - - 

Other income - - - - 

TOTAL INCOME 273,394 372,579 4,570,304 4,766,361 

OUTGO 


Administrative expenses 200 299 94,788 126,961 










TOTAL OUTGO 48,430 54,562 325,874 319,472 

Net income / (loss) before taxation 224,964 318,017 4,244,430 4,446,889 

Taxation (22,396) (10,374) (345,813) (188,632) 





202,568 307,643 3,898,617 4,258,257 

1,736,132 1,428,489 1,131,021 (3,127,236) 




1,938,700 1,736,132 5,029,638 1,131,021 



MAA ASSURANCE 



80




Vulture Fund 

2010 2009 2010 2009 

RM RM RM RM 

PENDAPATAN 



125,939 74,133 2,404,270 2,006,745 Pendapatan dividen 



17,044 155,263 118,958 2,214,897 Sekuriti Ekuiti 

- - 26,532 - Lain-lain 


8,000 15,340 14,768 29,050 Sekuriti Hutang 

1,159,993 679,702 17,885,728 15,985,394 Sekuriti Ekuiti 

1,500 - 5,000 - Lain-lain 

- - - - Penambahan diskaun 

- - 14,619 - Pendapatan lain 

1,329,888 932,921 20,698,462 20,523,670 JUMLAH PENDAPATAN 

WANG KELUAR 

64,822 38,997 1,127,817 889,871 Yuran pengurusan 

10,191 15,761 3,013 265,875 Perbelanjaan pentadbiran 









- - - - Pelunasan premium 

75,013 54,758 1,130,830 1,155,746 JUMLAH WANG KELUAR 

1,254,875 878,163 19,567,632 19,367,924 Pendapatan bersih / (kerugian) sebelum cukai 

(102,689) (37,312) (1,575,135) (1,382,120) Cukai 

1,152,186 840,851 17,992,497 17,985,804 PENDAPATAN BERSIH / (KERUGIAN) 


(289,115) (1,129,966) 1,495,238 (16,490,566) 




863,071 (289,115) 19,487,735 1,495,238 (Kerugian terkumpul) / pendapatan tidak diagih 





MAA ASSURANCE 


81




Yield Guaranteed Fund 

2010 2009 2010 2009 

RM RM RM RM 

INCOME 


Interest income 504,747 774,065 428,198 850,891 

Dividend income 76,311 112,350 87,053 119,706 


Debt Securities 24,005 - - 93,542 

Equities Securities - - 7,413 - 

Others 6,650 - 3,521,667 645 


Debt Securities 68,027 - 18,631 - 

Equities Securities 156,836 104,734 162,217 377,839 

Others 53,700 40,500 63,799 42,398 

Accretion of discounts - - - - 

Other income - - 2,764,738 - 

TOTAL INCOME 890,276 1,031,649 7,053,716 1,485,021 

OUTGO 


Administrative expenses 3,510 4,153 888 7,598 


Debt Securities - 5,716 3,490,478 - 

Equities Securities - - - 4,736 



Debt Securities - 214,844 - 1,644,805 



Amortisation of premiums 25,617 19,209 21,368 69,505 

TOTAL OUTGO 182,890 423,995 3,653,562 1,937,813 

Net income / (loss) before taxation 707,386 607,654 3,400,154 (452,792) 

Taxation (60,845) (85,766) (184,706) 32,197 





646,541 521,888 3,215,448 (420,595) 

4,875,050 4,353,162 533,711 954,306 




5,521,591 4,875,050 3,749,159 533,711 



MAA ASSURANCE 



82





2010 2009 2010 2009 

RM RM RM RM 

PENDAPATAN 



383,515 265,269 30,643 44,500 Pendapatan dividen 


27,350 - - - Sekuriti Hutang 




225,782 148,992 42,032 223,631 Sekuriti Hutang 

3,224,688 3,241,124 115,271 63,868 Sekuriti Ekuiti 

80,000 - - - Lain-lain 

58,493 34,358 - 8,786 Penambahan diskaun 

- - - - Pendapatan lain 

4,385,176 4,099,141 563,155 868,224 JUMLAH PENDAPATAN 

WANG KELUAR 

291,719 259,114 114,467 118,124 Yuran pengurusan 

21,041 61,871 813 2,758 Perbelanjaan pentadbiran 









- - 2,568 - Pelunasan premium 

312,760 320,985 120,017 122,319 JUMLAH WANG KELUAR 

4,072,416 3,778,156 443,138 745,905 Pendapatan bersih / (kerugian) sebelum cukai 

(337,043) (256,050) (40,931) (67,950) Cukai 

3,735,373 3,522,106 402,207 677,955 PENDAPATAN BERSIH / (KERUGIAN) 


(363,584) (3,885,690) 1,957,650 1,279,695 




3,371,789 (363,584) 2,359,857 1,957,650 (Kerugian terkumpul) / pendapatan tidak diagih 





MAA ASSURANCE 


83





Fund 

2010 2009 2010 2009 

RM RM RM RM 

INCOME 


Interest income - - - - 

Dividend income - - - - 








Others 146,715 2,435,388 500,125 606,842 

Accretion of discounts - - - - 

Other income - 129 51 - 

TOTAL INCOME 146,715 2,435,517 500,176 606,842 

OUTGO 


Administrative expenses 7,980 1,481 599 1,303 




Others 4,041 31,260 1,573 139,488 






TOTAL OUTGO 124,013 149,543 79,738 224,371 

Net income / (loss) before taxation 22,702 2,285,974 420,438 382,471 

Taxation (11,414) (186,140) (28,725) (47,983) 





11,288 2,099,834 391,713 334,488 

1,975,862 (123,972) 259,234 (75,254) 




1,987,150 1,975,862 650,947 259,234 



MAA ASSURANCE 



84




Fund 

2010 2009 

RM 

RM 

PENDAPATAN 


- 187 Pendapatan faedah 

- - Pendapatan dividen 


- - Sekuriti Hutang 

- - Sekuriti Ekuiti 

- - Lain-lain 




145,825 - Lain-lain 

- - Penambahan diskaun 

- - Pendapatan lain 

145,825 187 JUMLAH PENDAPATAN 

WANG KELUAR 

35,965 56,812 Yuran pengurusan 

475 1,101 Perbelanjaan pentadbiran 




50,467 135,052 Lain-lain 




- 55,700 Lain-lain 

- - Pelunasan premium 

86,907 248,665 JUMLAH WANG KELUAR 

58,918 (248,478) Pendapatan bersih / (kerugian) sebelum cukai 

(878) 4,456 Cukai 

58,040 (244,022) 

(31,818) 212,204 

PENDAPATAN BERSIH / (KERUGIAN) 




- - Jumlah sedia untuk pengagihan 

26,222 (31,818) (Kerugian terkumpul) / pendapatan tidak diagih 





MAA ASSURANCE 


85

STATEMENT OF CHANGES IN NET ASSET VALUE 


Growth Fund 

Balanced Fund 

2010 2009 2010 2009 

RM RM RM RM 

NAV at beginning of financial year 183,736,875 119,910,165 84,322,021 49,029,847 

Movement during the financial year: 

Net creation of units 31,793,448 23,978,874 21,644,083 13,841,787 

Net cancellation of units (24,442,382) (12,268,812) (13,386,613) (5,961,514) 

Net switching of units 901,836 (38,849) (1,298,478) 10,143,792 

191,989,777 131,581,378 91,281,013 67,053,912 

Net income / (loss) for the financial year: 

Net realised income / (loss) 3,066,306 3,737,753 2,307,328 2,605,818 

Unrealised capital gain / (loss) - net of tax on 

investments 35,760,263 48,417,744 14,125,770 14,662,291 

38,826,569 52,155,497 16,433,098 17,268,109 

NAV before distribution 230,816,346 183,736,875 107,714,111 84,322,021 

Distribution during the financial year - - - - 

NAV at the end of financial year 230,816,346 183,736,875 107,714,111 84,322,021 


MAA ASSURANCE 



86

PENYATA PERUBAHAN DALAM NILAI ASET BERSIH 


Income Fund 

Dana Mas Maju 

2010 2009 2010 2009 

RM RM RM RM 

50,006,081 60,290,857 70,031,850 48,919,477 Nilai aset bersih pada permulaan tahun kewangan 

Perubahan dalam tahun kewangan: 

9,267,409 9,042,078 11,092,465 11,527,080 Pembentukan unit bersih 

(7,041,142) (5,507,567) (11,697,118) (5,830,872) Pembatalan unit bersih 

2,667,599 (18,348,210) 807,397 263,530 Penukaran unit bersih 

54,899,947 45,477,158 70,234,594 54,879,215 

Pendapatan bersih / (kerugian) bagi tahun kewangan: 

2,231,838 2,329,502 1,272,117 1,390,860 Pendapatan terealisasi bersih / (kerugian) 

2,003,507 2,199,639 12,269,356 13,761,775 

Keuntungan modal belum terealisasi / (kerugian) selepas 

ditolak cukai atas pelaburan 

4,235,345 4,529,141 13,541,473 15,152,635 

59,135,292 50,006,299 83,776,067 70,031,850 Nilai aset bersih sebelum pengagihan 

(1,414) (218) - - Pengagihan dalam tahun kewangan 

59,133,878 50,006,081 83,776,067 70,031,850 Nilai aset bersih pada akhir tahun kewangan 




MAA ASSURANCE 


87





2010 2009 2010 2009 

RM RM RM RM 



Net creation of units 36,287,193 9,454,306 262,976 363,548 

Net cancellation of units (5,098,476) (3,517,749) (661,916) (428,198) 

Net switching of units 396,158 (6,556,314) 1,315,648 478,983 

62,723,265 29,369,597 3,543,082 2,062,258 


Net realised income / (loss) 1,557,705 1,170,126 75,043 57,502 


investments 1,811,476 722,602 411,869 506,614 

3,369,181 1,892,728 486,912 564,116 


Distribution during the financial year (160,041) (123,935) - - 




MAA ASSURANCE 



88





2010 2009 2010 2009 

RM RM RM RM 

721,797 684,007 2,502,838 5,006,701 Nilai aset bersih pada permulaan tahun kewangan 


137,983 75,044 - - Pembentukan unit bersih 

(107,115) (46,892) (2,881,099) (2,603,451) Pembatalan unit bersih 

101,815 (111,814) - - Penukaran unit bersih 

854,480 600,345 (378,261) 2,403,250 


21,788 22,406 435,273 96,008 Pendapatan terealisasi bersih / (kerugian) 

104,863 99,046 (57,012) 3,580 



126,651 121,452 378,261 99,588 

981,131 721,797 - 2,502,838 Nilai aset bersih sebelum pengagihan 

- - - - Pengagihan dalam tahun kewangan 

981,131 721,797 - 2,502,838 Nilai aset bersih pada akhir tahun kewangan 




MAA ASSURANCE 


89





2010 2009 2010 2009 

RM RM RM RM 



Net creation of units - - 4,149,258 2,212,151 

Net cancellation of units - - (8,657,892) (3,490,908) 

Net switching of units - - (2,504,334) 5,148,323 

5,172,401 4,864,758 10,830,098 13,584,809 


Net realised income / (loss) 189,735 205,090 121,139 472,364 


investments 12,833 102,553 3,777,478 3,785,893 

202,568 307,643 3,898,617 4,258,257 






MAA ASSURANCE 



90




Vulture Fund 

2010 2009 2010 2009 

RM RM RM RM 



1,907,976 1,328,216 20,087,670 14,940,945 Pembentukan unit bersih 

(2,255,764) (550,002) (29,330,104) (10,987,108) Pembatalan unit bersih 

(335,581) 711,529 (4,955,520) 9,851,297 Penukaran unit bersih 

3,518,889 3,361,407 63,440,543 59,652,693 


29,080 211,768 928,951 3,755,544 Pendapatan terealisasi bersih / (kerugian) 

1,123,106 629,083 17,063,546 14,230,260 



1,152,186 840,851 17,992,497 17,985,804 







MAA ASSURANCE 


91





2010 2009 2010 2009 

RM RM RM RM 



Net creation of units - - - - 

Net cancellation of units (5,238,764) (3,405,476) (22,178,401) (817,654) 

Net switching of units - - - - 

10,872,030 15,588,906 (3,215,448) 19,383,548 


Net realised income / (loss) 371,693 615,116 3,086,462 899,232 


investments 274,848 (93,228) 128,986 (1,319,827) 

646,541 521,888 3,215,448 (420,595) 

NAV before distribution 11,518,571 16,110,794 - 18,962,953 


NAV at the end of financial year 11,518,571 16,110,794 - 18,962,953 



MAA ASSURANCE 



92





2010 2009 2010 2009 

RM RM RM RM 



4,391,044 3,402,666 (8,044) (11,463) Pembentukan unit bersih 

(6,238,938) (3,865,633) (700,624) (3,295,338) Pembatalan unit bersih 

2,871,660 (1,583,367) - - Penukaran unit bersih 

18,618,229 14,072,357 10,796,837 10,827,550 


415,212 458,839 241,857 406,570 Pendapatan terealisasi bersih / (kerugian) 

3,320,161 3,063,267 160,350 271,385 



3,735,373 3,522,106 402,207 677,955 







MAA ASSURANCE 


93





Fund 

2010 2009 2010 2009 

RM RM RM RM 



Net creation of units - - - - 

Net cancellation of units (2,274,452) (741,328) (745,231) (4,556,404) 

Net switching of units - - - - 

26,737,181 26,911,799 15,073,162 15,483,905 


Net realised income / (loss) (123,690) (140,723) (68,402) (223,807) 


investments 134,978 2,240,557 460,115 558,295 

11,288 2,099,834 391,713 334,488 






MAA ASSURANCE 



94




Fund 

2010 2009 

RM 

RM 

8,156,072 11,718,928 Nilai aset bersih pada permulaan tahun kewangan 


- (19,200) Pembentukan unit bersih 

(1,399,986) (3,299,634) Pembatalan unit bersih 

- - Penukaran unit bersih 

6,756,086 8,400,094 


(76,118) (192,778) Pendapatan terealisasi bersih / (kerugian) 

134,158 (51,244) 



58,040 (244,022) 

6,814,126 8,156,072 Nilai aset bersih sebelum pengagihan 

- - Pengagihan dalam tahun kewangan 

6,814,126 8,156,072 Nilai aset bersih pada akhir tahun kewangan 




MAA ASSURANCE 


95

NOTES TO THE FINANCIAL STATEMENTS 

31 DECEMBER 2010 

1. PRINCIPAL ACTIVITIES AND GENERAL INFORMATION 

The MAA Investment-Linked Funds consist of the MAA Growth Fund, MAA Balanced Fund, MAA Income Fund, MAA 

Dana Mas Maju, MAA Dana Seri Mulia, MAA Small Cap Fund, MAA Technology Fund, MAA Capital Guaranteed Fund, 

MAA Cash Reserve Fund, MAA Vulture Fund, MAA Equity Booster Fund, MAA Billion Cap Fund, MAA Capital Guaranteed 

2 Fund, MAA Yield Guaranteed Fund, MAA Dana Mas Yakin, MAA Capital Guaranteed 3 Fund, MAA Platinum Fund,MAA 

Global Assets Guaranteed Fund, MAA Capital Guaranteed Asia Pacific Equities Fund and MAA Capital Guaranteed 

Swing 6 Fund (hereinafter referred to collectively as “the Funds”). The principal activities of the Funds are to invest in 

authorised investments. 

The Manager of the Funds is Malaysian Assurance Alliance Berhad, a company incorporated in Malaysia, whose principal 

activity is that of conducting general and life insurance business, including investment-linked life business. 

The financial statements were authorised for issue by the Board of Directors of the Manager in accordance with their 

resolution on 29 April 2011. 

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES 

The following accounting policies have been used consistently in dealing with items which are considered material in 

relation to the financial statements. 

(a) 

Basis of preparation 

The financial statements have been prepared under the historical cost convention, except as disclosed in this 

summary of significant accounting policies and comply with Financial Reporting Standards, which are the 

Malaysian Accounting Standards Board (“MASB”) Approved Accounting Standards in Malaysia for Other 

Entities Other Than Private Entities, modified by the Guidelines on Investment-Linked Insurance Business 

issued by Bank Negara Malaysia. 

(b) 

Investments 

Investment held by investment-linked funds are designated at fair value to income at inception as they are 

managed and evaluated on a fair value basis, in accordance with the respective investment strategy and 

mandate. 

These investments are initially recorded at fair value and transaction costs are expensed in income statement. 

Subsequent to initial recognition, these assets are remeasured at fair value. Fair value adjustments and 

realised gains and losses are recognised in the income statement. 

(c) 

Receivables 

Receivables are carried at invoiced amount less an allowance for doubtful debts. 

(d) 

Net creation of units 

Net creation of units represents premiums paid by policyholders as payment for a new contract or subsequent 

payments to increase the amount of that contract. Net creation of units is recognised on a receipt basis. 


MAA ASSURANCE 



96

NOTA-NOTA KEPADA PENYATA KEWANGAN 

31 DISEMBER 2010 

1. KEGIATAN UTAMA DAN MAKLUMAT AM 

Dana-dana Berkaitan-Pelaburan MAA terdiri daripada Dana MAA Growth, Dana MAA Balanced, Dana MAA Income, MAA 

Dana Mas Maju, MAA Dana Seri Mulia, Dana MAA Small Cap, Dana MAA Technology, Dana MAA Capital Guaranteed, 

Dana MAA Cash Reserve, Dana MAA Vulture, Dana MAA Equity Booster, Dana MAA Billion Cap, Dana MAA Capital 

Guaranteed 2, Dana MAA Yield Guaranteed, MAA Dana Mas Yakin, Dana MAA Capital Guaranteed 3, Dana MAA 

Platinum, Dana MAA Global Assets Guaranteed, Dana MAA Capital Guaranteed Asia Pasific Equities dan Dana MAA 

Capital Guaranteed Swing 6 (selepas ini dirujuk secara bersama sebagai “Dana-Dana”). Kegiatan utama Dana-Dana 

ini adalah melabur dalam pelaburan yang dibenarkan. 

Pengurus Dana-Dana adalah Malaysian Assurance Alliance Berhad, sebuah syarikat yang ditubuhkan di Malaysia, yang 

melibatkan diri terutamanya dalam mengendalikan perniagaan insurans am dan hayat, termasuk perniagaan hayat 

berkaitan-pelaburan. 

Penyata-penyata kewangan ini dilulus untuk diterbitkan oleh Lembaga Pengarah Pengurus selaras dengan resolusi 

pada 29 April 2011. 

2. RINGKASAN DASAR-DASAR PERAKAUNAN PENTING 

Dasar-dasar perakaunan yang berikut telah digunakan secara konsisten untuk mencatatkan perkara-perkara yang 

dianggap penting kepada penyata kewangan. 

(a Asas Penyediaan 

Penyata-penyata kewangan telah disediakan di bawah kelaziman kos sejarah, kecuali yang disertakan di 

ringkasan polisi perakaunan penting dan mematuhi Piawaian Pelaporan Kewangan iaitu Piawaian Perakaunan 

Lembaga Piawaian Perakaunan Malaysia yang diluluskan di Malaysia untuk Entiti Lain Selain Daripada 

Entiti Perseorangan, yang dipinda mengikut Garispanduan Perniagaan Insurans Berkaitan-Pelaburan yang 

dikeluarkan oleh Bank Negara Malaysia. 

(b) 

Pelaburan 

Pelaburan yang dipegang oleh dana-dana berkaitan pelaburan adalah pada nilai saksama kepada pendapatan 

ketika permulaan kerana ia diurus dan dinilai pada asas nilai saksama, mengikut strategi dan mandat pelaburan 

masing-masing. 

Pelaburan-pelaburan ini pada mulanya direkodkan pada nilai saksama dan kos transaksi dicatatkan di penyata 

pendapatan. Berikutan pengiktirafan permulaan, aset-aset ini dinilai semula pada nilai saksama. Pindaan nilai 

saksama serta keuntungan dan kerugian terealisasi dicatatkan di penyata pendapatan. 

(c) 

Belum Terima 

Belum terima dibawa pada jumlah diinvois tolak peruntukan untuk hutang ragu. 

(d) 

Pembentukan bersih unit 

Pembentukan bersih unit mewakili premium yang dibayar kepada pemegang polisi sebagai pembayaran 

untuk kontrak baru atau pembayaran selanjutnya untuk meningkatkan jumlah kontrak tersebut. Pembentukan 

bersih unit diiktiraf atas dasar penerimaan. 



MAA ASSURANCE 


97



2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) 

(e) 

Net cancellation of units 

Net cancellation of units represents cancellation of units arising from surrenders and withdrawals. Cancellation 

is recognised upon surrendering of the related insurance contract. 

(f) 

Income recognition 

Interest income on fixed and call deposits and unquoted investments, including the amount of amortisation 

of premiums and accretion of discounts, is recognised on a time proportion basis that takes into account the 

effective yield of the asset. 

Dividend income is recognised when the right to receive payment is established. 

Gains or losses arising from the disposal of investments are credited or charged to the statement of income and 

expenditure. 

(g) 

Foreign currencies 

Foreign currency transactions of the Funds are accounted for at exchange rates prevailing at the transaction 

dates. Foreign currency monetary assets and liabilities are translated at exchange rates prevailing at the date 

of the statement of assets and liabilities. Exchange differences arising from the settlement of foreign currency 

transactions and from the translations of foreign currency monetary assets and liabilities are included in the 

statement of income and expenditure. 

The principal closing rate used in the transaction of foreign currency amounts is as follows: 

Foreign currency 

1 US Dollar 

31.12.2010 

RM 3.083 

31.12.2009 

RM 3.425 

(h) 

Income taxes 

Current tax expense is determined according to the tax laws of the jurisdiction in which the Funds operates and 

includes all taxes based upon the taxable profits. 

Deferred tax is recognised in full, using the liability method, on temporary differences arising between the 

amounts attributed to assets and liabilities for tax purpose and their carrying amounts in the financial statements. 

Deferred tax assets are recognised to the extent that it is probable that taxable profits will be available against 

which the deductible temporary differences or unused tax losses can be utilised. 

Deferred tax is determined using tax rates (and tax laws) enacted or substantively enacted by the balance sheet 

date are used to determine deferred tax. 

(i) 

Cash and cash equivalents 

Cash and cash equivalents consist of cash and bank balances, excluding fixed and call deposits, that are readily 

convertible to known amounts of cash and which are subject to an insignificant risk of changes in value. 


MAA ASSURANCE 



98



2. RINGKASAN DASAR-DASAR PERAKAUNAN PENTING (Sambungan) 

(e Pembatalan bersih unit 

Pembatalan bersih unit merupakan pembatalan unit yang dibuat semasa penyerahan dan pengeluaran. 

Pembatalan diiktiraf apabila kontrak insurans berkenaan diserahkan. 

(f) 

Pengiktirafan Pendapatan 

Pendapatan faedah bagi simpanan tetap dan panggilan serta pelaburan tidak disebut harga, termasuk jumlah 

pelunasan premium dan penambahan diskaun, diiktiraf pada asas perkadaran masa yang mengambil kira 

perolehan berkesan aset. 

Pendapatan dividen diiktiraf apabila hak untuk mendapat bayaran telah ditetapkan. 

Keuntungan atau kerugian yang timbul daripada penjualan pelaburan dikreditkan atau dicajkan kepada 

penyata pendapatan dan perbelanjaan. 

(g) 

Mata Wang Asing 

Urusniaga mata wang asing Dana-Dana dikira pada kadar tukaran pada tarikh urusniaga. Aset dan tanggungan 

kewangan tukaran asing dikira pada kadar tukaran pada tarikh penyata aset dan liabiliti.Perbezaan tukaran 

hasil dari penyelesaian urusniaga tukaran asing dan dari urusniaga aset dan tanggungan kewangan tukaran 

asing dirangkumkan dalam penyata pendapatan dan perbelanjaan. 

Kadar penutup utama yang digunakan dalam urusniaga jumlah tukaran wang asing adalah seperti berikut : 

Mata Wang Asing 

1 US Dollar 

31.12.2010 

RM 3.083 

31.12.2009 

RM 3.425 

(h) 

Cukai Pendapatan 

Perbelanjaan cukai semasa ditetapkan mengikut undang-undang cukai dalam bidang kuasa Dana-Dana 

beroperasi dan merangkumi semua cukai berasaskan keuntungan bercukai. 

Cukai tertunda diiktiraf secara penuh menggunakan kaedah tanggungan di atas perbezaan sementara di 

antara jumlah yang menyumbang kepada aset dan tanggungan bagi tujuan cukai dan jumlah bawa dalam 

penyata kewangan. 

Aset cukai tertunda dikenalpasti hingga ke tahap keuntungan bercukai tersedia untuk penolakan perbezaan 

sementara atau kerugian cukai tidak diguna boleh digunakan. 

Cukai tertunda ditetapkan mengikut kadar cukai (dan undang-undang cukai) yang dikanunkan atau dikanunkan 

secara substantif sehingga tarikh kunci kira-kira digunakan bagi menentukan cukai tertunda. 

(i) 

Tunai dan kesetaraan tunai 

Tunai dan kesetaraan tunai meliputi wang tunai dan baki bank, tidak termasuk simpanan tetap dan panggilan, 

yang boleh ditukar kepada jumlah tunai tertentu, dan yang tertakluk kepada risiko perubahan nilai yang boleh 

diabaikan. 



MAA ASSURANCE 


99



2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) 

(j) 

Financial instruments 

Description 

A financial instrument is any contract that gives rise to both a financial asset of one enterprise and a financial 

liability or equity instrument of another enterprise. 

A financial asset is any asset that is cash, a contractual right to receive cash or another financial asset from 

another enterprise, a contractual right to exchange financial instruments with another enterprise under conditions 

that are potentially favourable, or an equity instrument of another enterprise. 

A financial liability is any liability that is a contractual obligation to deliver cash or another financial asset to 

another enterprise, or to exchange financial instruments with another enterprise under conditions that are 

potentially unfavourable. 

The particular recognition method adopted for financial instruments recognised on the balance sheet is disclosed 

in the individual accounting policy note associated with each item. 

Fair values 

The Funds’ basis of estimation of fair values for financial instruments is as follows: 

• The fair values of quoted investments are based on market prices 

• The fair values of unquoted corporate debt securities are based on the prices quoted by financial 

institutions 

• The fair values of other financial assets and liabilities with a maturity period of less than one year are 

assumed to approximate their carrying values. 

The carrying amount of the financial assets and liabilities of the Funds at the balance sheet date approximate 

their fair values. 

(k) 

Comparatives 

MAA Platinum Fund was launched on 17 July 2006. There was no transaction since its date of establishment. 

MAA Capital Guaranteed Fund and MAA Yield Guaranteed Fund had matured and all units were redeemed by 

31 December 2010. 


MAA ASSURANCE 



100



2. RINGKASAN DASAR-DASAR PERAKAUNAN PENTING (Sambungan) 

( j) Instrumen Kewangan 

Penerangan 

Suatu instrumen kewangan adalah mana-mana kontrak yang menimbulkan aset kewangan satu bidang usaha 

dan tanggungan kewangan atau instrumen ekuiti bidang usaha yang lain. 

Aset kewangan adalah sebarang aset yang berbentuk tunai, suatu hak berkontrak untuk menerima tunai atau 

aset kewangan lain dari bidang usaha lain, suatu hak berkontrak untuk bertukar instrumen kewangan dengan 

bidang usaha lain di bawah syarat-syarat yang berpotensi menguntungkan atau suatu instrumen ekuiti bidang 

usaha yang lain. 

Tanggungan kewangan adalah sebarang tanggungan yang mempunyai tanggungjawab berkontrak untuk 

menyerah tunai atau aset kewangan lain kepada bidang usaha yang lain, atau bagi bertukar instrumen kewangan 

dengan bidang usaha lain di bawah syarat-syarat yang tidak berpotensi menguntungkan. 

Kaedah pengiktirafan khusus yang digunakan bagi instrumen kewangan yang diiktiraf di kunci kira-kira dinyatakan 

di nota polisi perakaunan secara individu yang berkaitan dengan setiap perkara. 

Nilai Saksama 

Asas anggaran nilai saksama Dana-Dana bagi instrumen kewangan adalah seperti berikut: 

• Nilai saksama pelaburan disebut harga adalah berasaskan harga pasaran. 

• Nilai saksama sekuriti hutang korporat tidak disebut harga adalah berasaskan harga yang disebut 

harga oleh institusi kewangan. 

• Nilai saksama aset dan tanggungan kewangan lain yang bertarikh matang kurang dari satu tahun 

adalah dianggarkan pada nilai bawa. 

Nilai bawa aset dan tanggungan kewangan Dana-Dana pada tarikh kunci kira-kira menganggarkan nilai 

saksamanya. 

(k) 

Perbandingan 

Dana MAA Platinum dilancarkan pada 17 Julai 2006.Tiada urusniaga sejak tarikh penubuhannya. 

Dana MAA Capital Guaranteed dan Dana MAA Yield Guaranteed telah matang dan semua unit telah ditebus 

pada 31 Disember 2010 



MAA ASSURANCE 


101



3. QUOTED INVESTMENTS 

Growth Fund 

Cost Market Value Cost Market Value 

2010 2010 2009 2009 

RM RM RM RM 

Main Board 

Consumer Products 923,426 1,332,828 465,608 786,765 

Industrial Products 17,910,383 22,383,590 11,359,539 13,161,675 

Construction 7,931,921 9,169,455 7,931,921 6,883,460 

Trading & Services 53,414,643 70,255,143 68,818,454 77,382,933 

Technology 756,273 1,088,753 756,273 672,295 

Finance 34,846,414 50,808,339 23,980,215 32,701,671 

Infrastructure - - 3,813,510 4,238,046 

Properties 7,095,014 7,387,845 6,595,014 5,338,491 

Plantation 7,124,615 10,071,026 8,576,738 9,157,600 

REITS 1,619,982 2,782,143 1,619,982 2,265,627 

131,622,671 175,279,122 133,917,254 152,588,563 

Warrants - Main Board 

Industrial Products 146,250 672,750 146,250 589,875 

ACE Market 

Finance - - - 17,200 

131,768,921 175,951,872 134,063,504 153,195,638 


MAA ASSURANCE 



102



3. PELABURAN DISEBUT HARGA 

Balanced Fund 


2010 2010 2009 2009 

RM RM RM RM 

Papan Utama 

1,643,000 2,433,500 1,120,532 1,931,500 Keluaran Pengguna 

3,624,735 4,940,555 2,745,734 2,501,150 Keluaran Industri 

1,309,523 1,814,918 1,309,523 1,361,304 Pembinaan 

12,770,235 17,061,570 18,535,395 20,117,547 Perdagangan & Perkhidmatan 

- - - - Teknologi 

12,697,220 17,512,656 7,758,381 10,066,124 Kewangan 

505,609 814,884 2,274,519 2,395,431 Infrastruktur 

2,187,182 2,271,752 2,187,182 1,801,172 Hartanah 

3,735,940 5,917,480 5,791,832 7,128,825 Perladangan 

1,598,924 2,662,745 1,598,924 2,233,544 REITS 

40,072,368 55,430,060 43,322,022 49,536,597 

Waran - Papan Utama 

16,163 74,348 16,163 65,189 Keluaran Industri 

40,088,531 55,504,408 43,338,185 49,601,786 



MAA ASSURANCE 


103



3. QUOTED INVESTMENTS (Continued) 

Income Fund 


2010 2010 2009 2009 

RM RM RM RM 

Main Board 

Consumer Products 525,000 756,250 525,000 608,750 

Industrial Products - - - - 

Construction - - - - 


Technology - - - - 

Finance 301,600 353,243 - - 

Infrastructure - - - - 

Properties - - - - 

Plantation - - - - 

REITS 1,182,007 1,927,425 1,259,358 1,681,060 

3,318,287 4,483,344 3,901,196 4,609,170 


MAA ASSURANCE 



104



3. PELABURAN DISEBUT HARGA (Sambungan) 

Dana Mas Maju 


2010 2010 2009 2009 

RM RM RM RM 

Papan Utama 

258,932 175,878 258,932 244,275 Keluaran Pengguna 


5,067,854 5,844,948 6,237,221 5,471,341 Pembinaan 


1,394,168 1,286,784 1,200,368 937,075 Teknologi 

- - - - Kewangan 

1,516,585 2,191,450 4,186,703 4,462,824 Infrastruktur 

6,737,563 7,526,658 6,538,858 5,613,955 Hartanah 

3,268,631 3,946,892 4,762,625 5,392,852 Perladangan 

1,991,000 2,279,000 1,400,000 1,379,000 REITS 

50,644,759 62,598,313 52,441,430 53,587,557 



- 104,142 - - Hartanah 

- 35,719 - - Perdagangan & Perkhidmatan 

50,715,297 63,062,647 52,511,968 53,872,058 



MAA ASSURANCE 


105






2010 2010 2009 2009 

RM RM RM RM 

Main Board 

Consumer Products - - - - 



Trading & Services 827,203 1,027,570 - - 


Finance - - - - 

Infrastructure - - 538,200 549,000 

Properties 324,510 439,900 180,982 190,519 


REITS 1,535,000 1,801,000 550,000 541,750 

3,264,163 3,843,870 1,326,632 1,305,389 


MAA ASSURANCE 



106






2010 2010 2009 2009 

RM RM RM RM 

Papan Utama 


801,860 1,018,982 409,839 474,079 Keluaran Industri 

161,590 159,080 263,817 239,240 Pembinaan 

116,999 172,000 345,089 270,450 Perdagangan & Perkhidmatan 

174,130 207,070 138,552 104,200 Teknologi 


- - - - Infrastruktur 

196,514 172,604 213,522 166,418 Hartanah 

103,000 171,000 178,750 249,650 Perladangan 

186,768 259,000 262,034 322,500 REITS 

1,996,901 2,451,656 2,067,643 2,104,737 



- 10,200 - - Hartanah 

2,026,708 2,492,006 2,097,450 2,136,237 



MAA ASSURANCE 


107






2010 2010 2009 2009 

RM RM RM RM 

Main Board 




Trading & Services 161,450 188,650 115,097 98,744 

Technology 140,355 150,700 172,613 160,550 





REITS - - - - 

301,805 339,350 352,270 325,174 


MAA ASSURANCE 



108






2010 2010 2009 2009 

RM RM RM RM 

Papan Utama 

- - - - Keluaran Pengguna 

- - - - Keluaran Industri 

- - - - Pembinaan 

- - - - Perdagangan & Perkhidmatan 




- - - - Hartanah 

- - - - Perladangan 

- - - - REITS 

- - - - 



MAA ASSURANCE 


109






2010 2010 2009 2009 

RM RM RM RM 

Main Board 




Trading & Services - - - - 






REITS - - - - 

- - - - 


MAA ASSURANCE 



110






2010 2010 2009 2009 

RM RM RM RM 

Papan Utama 


727,853 975,896 1,118,178 1,213,200 Keluaran Industri 

1,061,023 1,305,932 1,061,023 864,342 Pembinaan 


- - 448,000 428,000 Teknologi 

3,120,020 4,376,028 2,828,385 3,570,257 Kewangan 

- - 735,872 813,780 Infrastruktur 

712,315 611,192 712,315 464,313 Hartanah 

658,000 1,051,000 899,000 1,132,700 Perladangan 

- - - - REITS 

9,971,952 12,890,070 13,016,546 14,370,582 

Derivatif 

292,500 309,000 - - Dana Tukaran Dagang 

10,264,452 13,199,070 13,016,546 14,370,582 



MAA ASSURANCE 


111






2010 2010 2009 2009 

RM RM RM RM 

Main Board 


Industrial Products 855,438 1,077,765 572,229 550,635 

Construction 427,200 475,422 492,488 364,501 


Technology - - 227,500 230,000 

Finance 358,000 441,558 354,301 442,300 


Properties 486,540 467,558 497,280 434,403 

Plantation - - 69,690 104,190 

REITS - - - - 

3,022,612 3,559,365 3,159,449 3,146,107 



Properties - 36,516 48,995 48,785 

ACE Market 

Finance - - - 5,481 

Derivatives 

Exchange Traded Funds 153,000 154,500 - - 

3,206,253 3,783,881 3,239,085 3,235,373 


MAA ASSURANCE 



112




Vulture Fund 


2010 2010 2009 2009 

RM RM RM RM 

Papan Utama 



3,714,551 4,019,114 3,856,481 2,914,108 Pembinaan 


1,025,796 2,022,436 1,025,796 1,109,296 Teknologi 

12,885,503 18,666,702 13,473,145 16,909,817 Kewangan 

935,723 1,351,376 3,782,447 3,948,777 Infrastruktur 

2,289,304 2,073,229 1,718,532 1,110,284 Hartanah 

2,029,616 3,248,496 2,991,616 3,975,488 Perladangan 

- - - - REITS 

49,774,350 65,780,873 59,365,027 64,816,857 


- 37,021 - - Perdagangan & Perkhidmatan 

- 22,168 500,950 530,000 Hartanah 

Pasaran ACE 

- - - 60,454 Kewangan 

Derivatif 

510,000 515,000 - - Dana Tukaran Dagang 

50,284,350 66,355,062 59,865,977 65,407,311 



MAA ASSURANCE 


113






2010 2010 2009 2009 

RM RM RM RM 

Main Board 










REITS 300,000 336,000 900,000 886,500 

537,500 577,070 1,533,500 1,624,734 


MAA ASSURANCE 



114






2010 2010 2009 2009 

RM RM RM RM 

Papan Utama 


- - 124,332 336,000 Keluaran Industri 

- - - 9,540 Pembinaan 

- - 652,000 775,828 Perdagangan & Perkhidmatan 






- - 870,500 857,443 REITS 

- - 1,646,832 1,978,811 



MAA ASSURANCE 


115






2010 2010 2009 2009 

RM RM RM RM 

Main Board 


Industrial Products 2,968,756 3,899,912 2,867,752 3,292,633 

Construction 1,347,984 1,459,680 1,765,537 1,287,424 


Technology 252,714 493,350 382,900 410,000 



Properties 1,113,067 1,062,228 1,023,187 766,786 

Plantation 696,350 1,137,150 1,818,146 2,286,965 

REITS 394,000 474,000 - - 

9,599,231 12,378,115 10,259,895 10,692,869 



Properties - 21,216 

9,625,403 12,432,831 10,286,067 10,727,869 


MAA ASSURANCE 



116






2010 2010 2009 2009 

RM RM RM RM 

Papan Utama 




475,000 482,139 739,000 802,868 Perdagangan & Perkhidmatan 






- - - - REITS 

475,000 482,139 739,000 802,868 



MAA ASSURANCE 


117




Global Assets Guaranteed Fund 


2010 2010 2009 2009 

RM RM RM RM 

Main Board 










REITS - - - - 

- - - - 


MAA ASSURANCE 



118




Capital Guaranteed Asia Pacific Equities Fund 


2010 2010 2009 2009 

RM RM RM RM 

Papan Utama 




- - - - Perdagangan & Perkhidmatan 






- - - - REITS 

- - - - 



MAA ASSURANCE 


119




Capital Guaranteed Swing 6 Fund 


2010 2010 2009 2009 

RM RM RM RM 

Main Board 










REITS - - - - 

- - - - 


MAA ASSURANCE 



120



4. PELABURAN TIDAK DISEBUT HARGA 

Growth Fund 

Balanced Fund 

2010 2009 2010 2009 

RM RM RM RM 

Unit Berkaitan-Pelaburan: 

8,263,865 8,263,865 - - Pada kos 

1,964,197 1,803,568 - - Keuntungan modal belum terealisasi bersih 

10,228,062 10,067,433 - - 

Bon Korporat Tidak Disebut Harga: 

4,471,109 4,036,400 33,505,757 21,508,760 Pada kos 

482,711 340,272 (1,792,895) (2,636,600) 

(6,629) (2,672) 34,900 (41,884) 

(Kerugian) / Keuntungan modal belum 

terealisasi bersih 

Penambahan diskaun / (pelunasan 

premium) bersih 

4,947,191 4,374,000 31,747,762 18,830,276 

15,175,253 14,441,433 31,747,762 18,830,276 



MAA ASSURANCE 


121



4. UNQUOTED INVESTMENTS (Continued) 

Income Fund 

Dana Mas Maju 

2010 2009 2010 2009 

RM RM RM RM 

Investment-Linked Units: 

At cost - - - - 

Net unrealised capital gain - - - - 

- - - - 

Unquoted Bonds Of Corporations: 

At cost 44,836,122 36,845,688 4,696,392 5,045,500 

Net unrealised capital (losses) / gain 780,359 (426,771) 536,950 425,340 

Net accretion of discounts / (amortisation of 

premiums) 918,205 618,159 (28,698) (3,340) 

46,534,686 37,037,076 5,204,644 5,467,500 

46,534,686 37,037,076 5,204,644 5,467,500 


MAA ASSURANCE 



122



4. PELABURAN TIDAK DISEBUT HARGA (Sambungan) 



2010 2009 2010 2009 

RM RM RM RM 


- - - - Pada kos 

- - - - Keuntungan modal belum terealisasi bersih 

- - - - 


34,182,924 19,808,338 - - Pada kos 

1,876,704 673,098 - - 

565,031 537,539 - - 





36,624,659 21,018,975 - - 

36,624,659 21,018,975 - - 



MAA ASSURANCE 


123






2010 2009 2010 2009 

RM RM RM RM 


At cost - - - - 


- - - - 


At cost - - - 720,775 

Net unrealised capital (losses) / gain - - - (67,335) 


premiums) - - - 29,225 

- - - 682,665 

- - - 682,665 


MAA ASSURANCE 



124






2010 2009 2010 2009 

RM RM RM RM 




- - - - 


3,481,230 2,977,500 - - Pada kos 

248,738 225,484 - - 

558,782 451,766 - - 





4,288,750 3,654,750 - - 

4,288,750 3,654,750 - - 



MAA ASSURANCE 


125





Vulture Fund 

2010 2009 2010 2009 

RM RM RM RM 


At cost - - - - 


- - - - 


At cost - - - - 

Net unrealised capital (losses) / gain - - - - 


premiums) - - - - 

- - - - 

- - - - 


MAA ASSURANCE 



126






2010 2009 2010 2009 

RM RM RM RM 




- - - - 


5,206,948 6,539,000 - 9,733,970 Pada kos 

(280,702) (332,497) - (3,442,850) 

(12,886) (71,602) - (269,167) 





4,913,360 6,134,901 - 6,021,953 

4,913,360 6,134,901 - 6,021,953 



MAA ASSURANCE 


127






2010 2009 2010 2009 

RM RM RM RM 


At cost - - - - 


- - - - 


At cost 5,633,698 4,475,390 3,448,810 4,942,000 

Net unrealised capital (losses) / gain 404,068 199,580 122,627 103,708 


premiums) 94,093 35,355 16,363 8,992 

6,131,859 4,710,325 3,587,800 5,054,700 

6,131,859 4,710,325 3,587,800 5,054,700 


MAA ASSURANCE 



128






Fund 

2010 2009 2010 2009 

RM RM RM RM 




- - - - 



- - - - 

- - - - 





- - - - 

- - - - 



MAA ASSURANCE 


129





Fund 

2010 2009 

RM 

RM 


At cost - - 

Net unrealised capital gain - - 

- - 


At cost - - 

Net unrealised capital (losses) / gain - - 

Net accretion of discounts / (amortisation 

of premiums) - - 

- - 

- - 


MAA ASSURANCE 



130

PERUNTUKAN EKUITI 


No. of Shares 

Bilangan Saham 


Total Cost 

Jumlah Kos 

% of Net Asset 

Market Value 

Value 

Nilai Pasaran % Nilai Aset Bersih 

MAIN BOARD / PAPAN UTAMA 

CONSUMER PRODUCT / 

KELUARAN PENGGUNA 

PROTON HOLDINGS BERHAD 102,900 457,818 463,050 0.20 

UMW HOLDINGS BHD 123,900 465,608 869,778 0.38 

226,800 923,426 1,332,828 0.58 

INDUSTRIAL PRODUCTS / 

KELUARAN INDUSTRI 

ANN JOO RESOURCES BHD 2,250,000 3,044,413 6,525,000 2.83 

CSC STEEL HOLDINGS BHD 500,000 551,371 860,000 0.37 

DRB-HICOM BERHAD 1,600,000 1,783,000 3,104,000 1.34 

KOSSAN RUBBER INDUSTRIES 539,400 1,051,643 1,704,504 0.74 

LINGUI DEVELOPMENTS BHD 200,000 357,168 258,000 0.11 

LION DIVERSIFIED HOLDINGS 900,000 1,572,204 445,500 0.19 

PETRONAS CHEMICALS GROUP BERHAD 1,000,000 5,200,000 5,520,000 2.39 

PETRONAS GAS BERHAD 20,100 210,586 223,110 0.10 

SUBUR TIASA HOLDINGS BHD 333,165 976,684 766,280 0.33 

UCHI TECHNOLOGIES BHD 636,600 1,991,881 827,580 0.36 

YTL CEMENT BHD 451,600 1,171,433 2,149,616 0.93 

8,430,865 17,910,383 22,383,590 9.69 

CONSTRUCTION / PEMBINAAN 

CREST BUILDER HOLDINGS BHD 417,500 444,500 285,988 0.12 

IJM CORP BHD 609,630 3,051,077 3,797,994 1.65 

MUHIBBAH ENGINEERING (M) BHD 178,000 211,767 267,000 0.12 

SUNWAY HOLDINGS BHD 610,000 894,038 1,366,400 0.59 

WCT BHD 1,022,700 2,008,997 3,262,413 1.41 

ZELAN BHD 316,100 1,321,542 189,660 0.08 

3,153,930 7,931,921 9,169,455 3.97 

TRADING & SERVICES / 

PERDAGANGAN & PERKHIDMATAN 

AIRASIA BERHAD 1,079,900 1,386,414 2,732,147 1.18 

MALAYSIA AIRPORTS HLDGS BHD 814,500 2,277,524 5,115,060 2.22 

AXIATA GROUP BERHAD 1,725,000 2,973,947 8,193,750 3.55 

BERJAYA SPORTS TOTO BHD 2,652,214 11,273,055 11,934,962 5.17 

EASTERN PACIFIC INDUS CORP 150,000 357,432 361,500 0.16 

GENTING BERHAD 713,200 6,377,750 7,973,576 3.45 

GENTING MALAYSIA BHD 2,725,100 7,972,530 9,238,089 4.00 

MAXIS BHD 800,000 4,000,000 4,240,000 1.84 

MALAYSIAN BULK CARRIERS BERHAD 182,600 578,842 514,932 0.22 

MEDIA PRIMA BHD 1,026,200 1,959,943 2,668,120 1.16 

MULTI-PURPOSE HOLDINGS BHD 1,186,270 1,708,233 2,621,657 1.14 

SIME DARBY BERHAD 986,000 6,759,348 8,676,800 3.76 

TENAGA NASIONAL BHD 715,000 5,789,625 5,984,550 2.59 

14,755,984 53,414,643 70,255,143 30.44 



MAA ASSURANCE 


131

EQUITY ALLOCATION 


No. of Shares 



Total Cost 

Jumlah Kos 

Market Value 

Nilai Pasaran 


Value 

% Nilai Aset Bersih 


TECHNOLOGY / TEKNOLOGI 

MPI 33,700 304,223 191,753 0.08 

Unisem 390,000 452,050 897,000 0.39 

423,700 756,273 1,088,753 0.47 

FINANCE / KEWANGAN 

AMMB HOLDINGS BHD 101,300 235,494 712,139 0.31 

CIMB GROUP HOLDINGS BHD 1,400,000 7,091,860 11,900,000 5.16 

MALAYAN BANKING BHD 1,740,649 11,794,720 14,795,517 6.41 

PUBLIC BANK BERHAD 647,551 4,203,553 8,431,114 3.65 

PUBLIC BANK BHD-FOREIGN 563,400 6,999,454 7,324,200 3.17 

RCE CAPITAL BHD 241,000 85,555 131,345 0.06 

RHB CAPITAL BHD 861,700 4,435,778 7,514,024 3.26 

5,555,600 34,846,414 50,808,339 22.02 

PROPERTIES / HARTANAH 

IVORY PROPERTIES GROUP BERHAD 500,000 500,000 515,000 0.22 

NAIM HOLDINGS BERHAD 340,000 1,905,100 1,145,800 0.50 

SUNRISE BHD 1,058,100 2,996,473 3,301,272 1.43 

YNH PROPERTY BHD 1,426,925 1,693,441 2,425,773 1.05 

3,325,025 7,095,014 7,387,845 3.20 

PLANTATION / PERLADANGAN 

BOUSTEAD HOLDINGS BHD 778,700 3,335,445 4,189,406 1.82 

KUALA LUMPUR KEPONG BHD 91,500 1,403,250 2,022,150 0.88 

UNITED PLANTATIONS BHD 225,700 2,385,920 3,859,470 1.67 

1,095,900 7,124,615 10,071,026 4.37 

DERIVATIVES / DERIVATIF 

ANN JOO RESOURCES BHD-WB 975,000 146,250 672,750 0.29 

975,000 146,250 672,750 0.29 

REITS / REITS 

AXIS REAL ESTATE INVESTMENT 1,173,900 1,619,982 2,782,143 1.21 

1,173,900 1,619,982 2,782,143 1.21 

131,768,921 175,951,872 76.24 


MAA ASSURANCE 



132



No. of Shares 



Total Cost 

Jumlah Kos 


Market Value 

Value 





CARLSBERG BREWERY-MALAY BHD 50,000 164,000 316,000 0.29 

JT INTERNATIONAL BHD 350,000 1,479,000 2,117,500 1.97 

400,000 1,643,000 2,433,500 2.26 



ANN JOO RESOURCES BHD 487,500 620,110 1,413,750 1.31 


DRB-HICOM BERHAD 800,000 879,000 1,552,000 1.44 

HIROTAKO HOLDINGS BHD 1,055,314 826,215 1,604,077 1.49 

JAVA BHD 73,000 230,057 43,800 0.04 


3,033,214 3,624,735 4,940,555 4.59 



SUNWAY HOLDINGS BHD 300,000 429,318 672,000 0.62 

WCT BHD 311,040 645,446 992,218 0.92 

831,040 1,309,523 1,814,918 1.68 



MALAYSIA AIRPORTS HLDGS BHD 105,700 307,440 663,796 0.62 

AXIATA GROUP BERHAD 674,700 1,158,452 3,204,825 2.98 


GENTING MALAYSIA BHD 463,100 1,287,739 1,569,909 1.46 

MEDIA PRIMA BHD 319,500 632,554 830,700 0.77 

MULTI-PURPOSE HOLDINGS BHD 640,000 943,118 1,414,400 1.31 

PLUS EXPRESSWAYS BHD 100,000 325,681 452,000 0.42 



3,876,800 12,770,235 17,061,570 15.84 


CIMB GROUP HOLDINGS BHD 395,400 1,959,562 3,360,900 3.12 

MALAYAN BANKING BHD 779,220 5,383,710 6,623,370 6.15 

PUBLIC BANK BERHAD 163,940 1,256,199 2,134,499 1.98 



1,858,960 12,697,220 17,512,656 16.25 



MAA ASSURANCE 


133



No. of Shares 



Total Cost 

Jumlah Kos 

Market Value 

Nilai Pasaran 


Value 



INFRASTRUCTURE / INFRASTRUKTUR 

LINGKARAN TRANS KOTA HLDGS 228,900 505,609 814,884 0.76 

228,900 505,609 814,884 0.76 


NAIM HOLDINGS BERHAD 150,000 825,080 505,500 0.47 

SUNRISE BHD 295,600 775,064 922,272 0.86 

YNH PROPERTY BHD 496,459 587,038 843,980 0.78 

942,059 2,187,182 2,271,752 2.11 


BOUSTEAD HOLDINGS BHD 496,000 1,733,450 2,668,480 2.48 


686,000 3,735,940 5,917,480 5.50 



107,750 16,163 74,348 0.07 

REITS / REITS 

AXIS REAL ESTATE INVESTMENT 400,000 555,501 948,000 0.88 

HEKTAR REAL ESTATE INVESTMENT 948,700 728,423 1,280,745 1.19 

TOWER REAL ESTATE INVESTMENT 350,000 315,000 434,000 0.40 

1,698,700 1,598,924 2,662,745 2.47 

40,088,531 55,504,408 51.53 


MAA ASSURANCE 



134



No. of Shares 



Total Cost 

Jumlah Kos 

Market Value 

Nilai Pasaran 


Value 





JT INTERNATIONAL BHD 125,000 525,000 756,250 1.28 

125,000 525,000 756,250 1.28 


MALAYAN BANKING BHD 41,558 301,600 353,243 0.60 

41,558 301,600 353,243 0.60 



BERJAYA SPORTS TOTO BHD 321,428 1,309,680 1,446,426 2.45 

321,428 1,309,680 1,446,426 2.45 

REITS / REITS 


HEKTAR REAL ESTATE INVESTMENT 725,500 563,205 979,425 1.66 

1,125,500 1,182,007 1,927,425 3.26 

3,318,287 4,483,344 7.59 



MAA ASSURANCE 


135



No. of Shares 



Total Cost 

Jumlah Kos 

Market Value 

Nilai Pasaran 


Value 





HOVID BHD 977,100 258,932 175,878 0.21 

977,100 258,932 175,878 0.21 



ANN JOO RESOURCES BHD 940,500 1,258,793 2,727,450 3.26 


HIROTAKO HOLDINGS BHD 1,439,115 1,136,305 2,187,455 2.61 

JAVA BHD 100,000 315,032 60,000 0.07 

KINSTEEL BHD 26,400 25,476 22,836 0.03 

KOSSAN RUBBER INDUSTRIES 600,800 870,155 1,898,528 2.27 


LION INDUSTRIES CORP BHD 1,000,000 1,535,850 1,970,000 2.35 

PETRONAS CHEMICALS GROUP BERHAD 300,000 1,560,000 1,656,000 1.98 

SUBUR TIASA HOLDINGS BHD 229,650 669,233 528,194 0.63 

UCHI TECHNOLOGIES BHD 330,000 1,020,467 429,000 0.51 

YTL CEMENT BHD 350,000 908,500 1,666,000 1.99 

6,674,065 11,458,876 14,378,035 17.17 




SUNWAY HOLDINGS BHD 793,500 1,217,431 1,777,440 2.12 

WCT BHD 933,120 1,815,622 2,976,653 3.55 

ZELAN BHD 418,800 1,201,137 251,280 0.30 

2,865,420 5,067,854 5,844,948 6.97 




AIRASIA BERHAD 1,200,000 1,552,950 3,036,000 3.62 


KFC HOLDINGS (MALAYSIA) BHD 124,900 215,146 477,118 0.57 

MALAYSIAN BULK CARRIERS BHD 400,000 1,225,871 1,128,000 1.35 

MAXIS BHD 700,000 3,599,750 3,710,000 4.43 

MEDIA CHINESE INTERNATIONAL LIMITED 440,700 265,950 379,002 0.45 

PETRA PERDANA BERHAD 412,500 1,241,764 437,250 0.52 

PLUS EXPRESSWAYS BHD 945,000 3,098,694 4,271,400 5.10 



TEXCHEM RESOURCES BERHAD 193,000 266,466 162,120 0.19 

6,228,600 18,951,150 24,968,668 29.80 


MALAYSIAN PACIFIC INDUSTRIES 173,600 1,242,918 987,784 1.18 

UNISEM (M) BERHAD 130,000 151,250 299,000 0.36 

303,600 1,394,168 1,286,784 1.54 


MAA ASSURANCE 



136



No. of Shares 



Total Cost 

Jumlah Kos 

Market Value 

Nilai Pasaran 


Value 




LINGKARAN TRANS KOTA HLDGS 500,000 1,178,020 1,780,000 2.12 

YTL POWER INTERNATIONAL BHD 168,627 338,565 411,450 0.49 

668,627 1,516,585 2,191,450 2.61 


HUNZA PROPERTIES BHD 688,850 934,978 1,143,491 1.36 

KSL HOLDINGS BHD 416,200 454,286 757,484 0.90 

NAIM HOLDINGS BERHAD 360,700 2,000,889 1,215,559 1.45 

PLENITUDE BHD 474,600 630,858 1,020,390 1.22 

SUNRISE BHD 500,704 1,435,897 1,562,196 1.86 

YNH PROPERTY BHD 1,075,022 1,280,655 1,827,538 2.18 

3,516,076 6,737,563 7,526,658 8.97 


IOI CORPORATION BHD 170,000 1,088,662 987,700 1.18 

IJM PLANTATIONS BHD 195,400 716,189 582,292 0.70 


504,400 3,268,631 3,946,892 4.72 



HUNZA PROPERTIES BHD-WB 153,150 - 104,142 0.12 

PETRA PERDANA BERHAD-WA 56,250 - 35,719 0.04 

679,650 70,538 464,334 0.55 

REITS / REITS 


AL-’AQAR KPJ REIT 1,400,000 1,400,000 1,568,000 1.87 

1,700,000 1,991,000 2,279,000 2.72 

50,715,297 63,062,647 75.26 



MAA ASSURANCE 


137



No. of Shares 



Total Cost 

Jumlah Kos 


Market Value 

Value 


MAIN BOARD 



PETRONAS CHEMICALS GROUP BERHAD 100,000 520,000 552,000 0.84 

UCHI TECHNOLOGIES BHD 18,000 57,450 23,400 0.04 

118,000 577,450 575,400 0.88 



MAXIS BHD 48,900 257,703 259,170 0.39 


218,900 827,203 1,027,570 1.56 


HUNZA PROPERTIES BHD 265,000 324,510 439,900 0.67 

265,000 324,510 439,900 0.67 

REITS / REITS 

AL-’AQAR KPJ REIT 550,000 550,000 616,000 0.93 

AXIS REAL ESTATE INVESTMENT 500,000 985,000 1,185,000 1.80 

1,050,000 1,535,000 1,801,000 2.73 

3,264,163 3,843,870 5.84 


MAA ASSURANCE 



138



No. of Shares 



Total Cost 

Jumlah Kos 

Market Value 

Nilai Pasaran 


Value 





CARLSBERG BREWERY-MALAY BHD 18,000 59,040 113,760 2.82 

DUTCH LADY MILK INDS BHD 4,000 38,000 70,160 1.74 

HOVID BHD 600,000 159,000 108,000 2.68 

622,000 256,040 291,920 7.24 



APM AUTOMOTIVE HOLDINGS BHD 12,400 20,440 70,680 1.75 

COASTAL CONTRACTS BHD 18,700 52,549 40,953 1.02 

HIROTAKO HOLDINGS BHD 111,085 91,040 168,849 4.19 

JAVA BHD 16,000 52,348 9,600 0.24 

KINSTEEL BHD 100,000 97,000 86,500 2.15 

KOSSAN RUBBER INDUSTRIES 50,000 75,000 158,000 3.92 

TONG HERR RESOURCES BERHAD 26,000 47,800 67,600 1.68 

TIEN WAH PRESS HOLDINGS BHD 90,000 147,978 151,200 3.75 

GEORGE KENT (M) BHD 142,000 170,597 170,400 4.23 

YTL CEMENT BHD 20,000 47,108 95,200 2.36 

586,185 801,860 1,018,982 25.29 




143,000 161,590 159,080 3.95 




200,000 116,999 172,000 4.27 


MALAYSIAN PACIFIC INDUSTRIES 18,000 119,880 102,420 2.54 


63,500 174,130 207,070 5.14 



MAA ASSURANCE 


139



No. of Shares 



Total Cost 

Jumlah Kos 

Market Value 

Nilai Pasaran 


Value 






84,200 196,514 172,604 4.29 


UNITED PLANTATIONS BHD 10,000 103,000 171,000 4.24 

10,000 103,000 171,000 4.24 



KINSTEEL BERHAD-WA 45,000 29,807 30,150 0.75 

60,000 29,807 40,350 1.00 

REITS / REITS 

HEKTAR REAL ESTATE INVESTMENT 100,000 96,768 135,000 3.35 

TOWER REAL ESTATE INVESTMENT 100,000 90,000 124,000 3.08 

200,000 186,768 259,000 6.43 

2,026,708 2,492,006 61.85 


MAA ASSURANCE 



140



No. of Shares 



Total Cost 

Jumlah Kos 


Market Value 

Value 


PAPAN UTAMA 



MAXIS BHD 10,000 52,700 53,000 5.40 


STAR PUBLICATIONS (MALAYSIA) LIMITED 15,000 50,250 49,650 5.06 

125,000 161,450 188,650 19.23 


MALAYSIAN PACIFIC INDUSTRIES 10,000 66,600 56,900 5.80 


NOTION VTEC BERHAD 20,000 54,800 34,000 3.47 

56,000 140,355 150,700 15.37 

301,805 339,350 34.60 



MAA ASSURANCE 


141



No. of Shares 



Total Cost 

Jumlah Kos 

Market Value 

Nilai Pasaran 


Value 





BERJAYA SPORTS TOTO BHD 53,571 237,500 241,070 2.09 

53,571 237,500 241,070 2.09 

REITS / REITS 

AL-’AQAR KPJ REIT 300,000 300,000 336,000 2.92 

300,000 300,000 336,000 2.92 

537,500 577,070 5.01 


MAA ASSURANCE 



142



No. of Shares 



Total Cost 

Jumlah Kos 

Market Value 

Nilai Pasaran 


Value 





DUTCH LADY MILK INDS BHD 18,000 171,000 315,720 1.41 

HOVID BHD 1,000,000 265,000 180,000 0.81 

1,018,000 436,000 495,720 2.22 



ANN JOO RESOURCES BHD 80,000 142,626 232,000 1.04 

COASTAL CONTRACTS BHD 41,000 115,219 89,790 0.40 



SINO HUA-AN INTERNATIONAL 71,200 89,325 24,208 0.11 


LION DIVERSIFIED HOLDINGS 200,000 353,285 99,000 0.44 

LION INDUSTRIES CORP BHD 271,700 427,820 535,248 2.39 



UCHI TECHNOLOGIES BHD 14,000 44,684 18,200 0.08 

YTL CEMENT BHD 158,000 396,880 752,080 3.36 

1,828,614 2,968,756 3,899,912 17.44 





WCT BHD 59,500 184,767 189,805 0.85 

749,500 1,347,984 1,459,680 6.53 



AIRASIA BHD 200,000 261,500 506,000 2.26 

AXIATA GROUP BERHAD 142,500 244,063 676,875 3.03 

MALAYSIAN BULK CARRIERS BHD 100,000 317,000 282,000 1.26 

PLUS EXPRESSWAYS BHD 250,000 830,000 1,130,000 5.06 

SIME DARBY BERHAD 86,500 737,797 761,200 3.41 

779,000 2,390,360 3,356,075 15.02 



214,500 252,714 493,350 2.21 



MAA ASSURANCE 


143



No. of Shares 



Total Cost 

Jumlah Kos 

Market Value 

Nilai Pasaran 


Value 





SUNRISE BHD 97,488 295,961 304,163 1.36 


498,649 1,113,067 1,062,228 4.75 


UNITED PLANTATIONS BHD 66,500 696,350 1,137,150 5.09 

66,500 696,350 1,137,150 5.09 




81,200 26,172 54,716 0.24 

REITS / REITS 

AxReit 200,000 394,000 474,000 2.12 

200,000 394,000 474,000 2.12 

9,625,403 12,432,831 55.62 


MAA ASSURANCE 



144



No. of Shares 



Total Cost 

Jumlah Kos 

Market Value 

Nilai Pasaran 


Value 






107,142 475,000 482,139 4.31 

475,000 482,139 4.31 



MAA ASSURANCE 


145



No. of Shares 



Total Cost 

Jumlah Kos 

Market Value 

Nilai Pasaran 


Value 







YTL CEMENT BHD 69,600 180,264 331,296 2.25 

349,600 727,853 975,896 6.63 



WCT BHD 156,593 419,173 499,532 3.39 

516,593 1,061,023 1,305,932 8.87 



AIRASIA BERHAD 300,000 387,000 759,000 5.15 

GENTING MALAYSIA BHD 195,964 847,538 881,838 5.99 

KFC HOLDINGS (MALAYSIA) BHD 50,000 506,496 559,000 3.80 


MEDIA PRIMA BHD 82,100 177,261 213,460 1.45 

MULTI-PURPOSE HOLDINGS BHD 330,000 469,283 729,300 4.95 


TENAGA NASIONAL BHD 52,500 427,913 439,424 2.98 

1,285,564 3,692,741 4,570,022 31.03 


CIMB GROUP HOLDINGS BHD 136,600 722,229 1,161,100 7.88 


PUBLIC BANK BERHAD 37,702 297,500 490,880 3.33 

PUBLIC BANK BHD-FOREIGN 40,000 510,400 520,000 3.53 

RHB CAPITAL BHD 65,400 277,016 570,288 3.87 

471,909 3,120,020 4,376,028 29.70 


MAA ASSURANCE 



146



No. of Shares 



Total Cost 

Jumlah Kos 

Market Value 

Nilai Pasaran 


Value 




SUNRISE BHD 104,084 287,061 324,742 2.20 

189,084 712,315 611,192 4.14 


BOUSTEAD HOLDINGS BHD 100,000 346,000 538,000 3.65 

UNITED PLANTATIONS BHD 30,000 312,000 513,000 3.48 

130,000 658,000 1,051,000 7.13 


CIMB FTSE CHINA 25 300,000 292,500 309,000 2.10 

300,000 292,500 309,000 2.10 

10,264,452 13,199,070 89.60 



MAA ASSURANCE 


147



No. of Shares 



Total Cost 

Jumlah Kos 

Market Value 

Nilai Pasaran 


Value 





HOVID BHD 300,000 79,500 54,000 1.16 

PROTON HOLDINGS BERHAD 40,000 178,000 180,000 3.85 

TAN CHONG MOTOR HOLDINGS BHD 2,600 7,150 13,468 0.29 

342,600 264,650 247,468 5.30 





DRB-HICOM BERHAD 80,000 90,400 155,200 3.32 


JAVA BHD 23,500 74,343 14,100 0.30 

KINSTEEL BHD 96,000 94,080 83,040 1.78 


LION DIVERSIFIED HOLDINGS 20,000 35,529 9,900 0.21 


620,628 855,438 1,077,765 23.06 





276,200 427,200 475,422 10.18 



AIRASIA BHD 100,000 129,000 253,000 5.42 


GENTING BHD 20,000 202,600 223,600 4.79 


MULTI-PURPOSE HOLDINGS BHD 55,990 54,313 123,738 2.65 

238,847 630,784 849,594 18.20 


MAA ASSURANCE 



148



No. of Shares 



Total Cost 

Jumlah Kos 

Market Value 

Nilai Pasaran 


Value 



MALAYAN BANKING BHD 51,948 358,000 441,558 9.45 

51,948 358,000 441,558 9.45 





PLENITUDE BHD 36,000 48,420 77,400 1.66 


286,533 486,540 467,558 10.02 





253,700 183,641 224,516 4.81 

3,206,253 3,783,881 81.02 



MAA ASSURANCE 


149



No. of Shares 



Total Cost 

Jumlah Kos 

Market Value 

Nilai Pasaran 


Value 





HOVID BHD 1,850,200 490,303 333,036 0.41 

1,850,200 490,303 333,036 0.41 




DRB-HICOM BERHAD 500,000 540,000 970,000 1.19 

HIROTAKO HOLDINGS BHD 998,993 774,891 1,518,469 1.86 

JAVA BHD 72,300 227,852 43,380 0.05 

KOSSAN RUBBER INDUSTRIES 536,200 1,319,436 1,694,392 2.08 

LINGUI DEVELOPMENTS BHD 214,100 379,850 276,189 0.34 


LION INDUSTRIES CORP BHD 701,600 1,102,538 1,382,152 1.70 

TIEN WAH PRESS HLDGS BHD 252,000 356,300 423,360 0.52 

YTL CEMENT BHD 383,200 995,238 1,824,032 2.24 

4,612,343 7,223,882 9,214,929 11.31 



MUHIBBAH ENGINEERING (M) BHD 677,100 1,243,987 1,015,650 1.25 

SUNWAY HOLDINGS BHD 734,400 1,178,838 1,645,056 2.02 

WCT BHD 333,200 828,928 1,062,908 1.31 

ZELAN BHD 150,000 141,931 90,000 0.11 

2,194,700 3,714,551 4,019,114 4.94 



AIRASIA BHD 900,000 1,160,460 2,277,000 2.80 




GENTING BHD 150,000 1,516,470 1,677,000 2.06 

GENTING MALAYSIA BHD 700,000 1,833,106 2,373,000 2.91 


MEDIA PRIMA BHD 540,000 1,219,529 1,404,000 1.72 


MULTI-PURPOSE HOLDINGS BHD 1,177,990 1,440,712 2,603,358 3.20 

PETRA PERDANA BERHAD 300,000 995,010 1,356,000 1.67 

PLUS EXPRESSWAYS BHD 427,600 1,326,652 453,256 0.56 


7,188,318 19,179,672 24,851,555 30.52 


UNISEM (M) BERHAD 879,320 1,025,796 2,022,436 2.48 

879,320 1,025,796 2,022,436 2.48 


MAA ASSURANCE 



150



No. of Shares 



Total Cost 

Jumlah Kos 

Market Value 

Nilai Pasaran 


Value 




CIMB GROUP HOLDINGS BHD 552,200 2,568,282 4,693,700 5.76 




2,027,020 12,885,503 18,666,702 22.92 


LINGKARAN TRANS KOTA HLDGS 379,600 935,723 1,351,376 1.66 

379,600 935,723 1,351,376 1.66 





SUNRISE BHD 228,000 618,403 711,360 0.87 


1,042,415 2,289,304 2,073,229 2.54 


BOUSTEAD HOLDINGS BHD 151,200 521,676 813,456 1.00 


293,600 2,029,616 3,248,496 3.99 



PETRA PERDANA BERHAD-WA 58,300 - 37,021 0.05 


590,900 510,000 574,189 0.71 

50,284,350 66,355,062 81.48 



MAA ASSURANCE 


151

THE PAGE IS INTENTIONALLY LEFT BLANK



Menara MAA, 11th Floor, 

No. 12, Jalan Dewan Bahasa, 50460 Kuala Lumpur. 

Call Centre:1-300-888-MAA/622, 03 2146 9999 

Fax: 03 2142 5863 

www.maa.com.my

INVESTMENT-LINKED FUNDS - Zurich

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?