i also think it could be the reason. Huge repurchase. My investment in Public Islamic Bond Fund has a single day drop of 0.35% this week, and do not move at all thereafter. This is the problem when Public Mutual closed down a fund, as no fresh funds coming, in and existing funds keep on withdrawing, to maintain the liquidity, fund managers need to force sell the some bond for cash.

From my understanding, Public Bond Fund and Public Islamic Bonf Funds are closed, the rest of the Bond funds are available.
For PB Series, all bond funds are available.

Public Mutual declares distributions for 5 funds

Public Bank’s wholly-owned subsidiary, Public Mutual, declared distributions for five funds.
The total gross distributions declared for the financial year ending 30 April 2011 are as follows:
Fund/ Gross Distribution / Unit
Public Far-East Telco & Infrastructure Fund 2.25 sen per unit
Public Islamic Dividend Fund 2.00 sen per unit
Publis Islamic Asia Dividend Fund 0.40 sen per unit
Public Far-East Balanced Fund 0.50 sen per unit
Public Global Balanced Fund 0.50 sen per unit

Public Mutual Chief Executive Officer Ms. Yeoh Kim Hong said Public Far-East Telco & Infrastructure Fund, ranked No. 1 by Lipper in the Equity Asia Pacific category, has generated one-year return of 18.94% for the period ended 8 April 2011 (source: The Edge-Lipper Fund Table dated 18 April 2011). The fund seeks to achieve long-term capital growth by focusing its investment in the telecommunications, infrastructure and utilities sectors in Far-East markets. Public Islamic Dividend Fund and Public Islamic Asia Dividend Fund have generated one-year returns of 18.57% and 11.02% respectively for the same period. Public Islamic Dividend Fund is open for EPF Members Investment Scheme. Meanwhile, Public Far-East Balanced Fund and Public Global Balanced Fund have generated one-year returns of 4.16% and 1.62% respectively for the period ended 8 April 2011. All of the above funds are distributed by Public Mutual unit trust consultants. Public Mutual is Malaysia’s largest private unit trust company with 85 funds under management. It has over 2,440,000 accountholders and as at 31 March 2011, the total net asset value of the funds managed by the company was RM42.4 billion.

not necessary, sometimes bond will price in the inflation factor and cost the bond price to escalated.

U can actually appeal to Public Mutual to take in your investment since it has already deducted from your bank account.
PBIBF has very good return, 1 year return is 12.37%p.a., low risk with Standard deviation of 2.7%, and high sharp/information ratio.

new funds usually not perform well compare to older one. For example, PBIBF and PBFI took 2 years to show its performance.
I just switched my PBFI fund to PBIBF a month ago.

I think they closed the PBIBF becoz the fund size grow too fast, the fund size was < RM100mil as at end of 2010, and now already grown 3 folds to > RM300mil. So when it grows too fast, the fund manager will need to slow it down, there is not much good quality Islamic Sukuk available to buy, if the fund size grow too fast, the cash holding position will be more and it affects the fund performance.

I have 5 funds with Public Mutual ( under both PB and Public Series), and was told that all the funds under my portfolios are closed for subscription. Damn it. They shd annouce the fund closure in the website at least investors aware of it.

Cant really wait for PM to reopen the funds, as they may close forever, even they open they will impose some funny rules, like
i) Small cap fund, strictly for new injected funds, no switching is allowed, and it only open for few days.
ii) P Enhanced Bond and P Islamic Enhanced Bond, when they reopen they impose min investment (both additional/ initial) of RM100K

I guess PM is doing very well recently, i checked the http://my.morningstar.com website (an independent website that trace unit trust performance), for the top 10 funds ranked by 3 months performance, PM have 8 funds out of 10 in the list, Good Job!!

how much the price when u bought in?

just checked the morningstar website:
For PBIBF, the outstanding fund size subscribed was RM301mil as at 31 March 2011
and it was RM448.8 mil as at 29 April 2011, for less than a month the fund increased by 50%, the approved fund size by SC was RM450mil.
That is why..

for both conventional and Islamic funds, dividend will be paid out annually, if any. There is no requirement for islamic fund that it MUST pay out the dividend every year. Islamic concept in fund investment is abt profit sharing and not interest rate or compulsory div payouts.

As for how much a fund can pay out, it is depending on fund's portfolio and performance, each fund has different portfolio, equity, balanced, fixed income, smallcaps, blue chips, local vs foreign country themed focus funds. All these funds hv diff risk involved. nobody has crystal ball to tell u how much dividend u will receive for sure in the next financial year.

I have a question to ask those PM agent abt PM bond funds, since the initial charge is merely 0.25%
1) do u really earn any commission when selling any bond funds?
2) for larger fund investment, say RM 2-3mil single investment for
bond fund, can an investor ask for any discount for the 0.25%?

Alright just check and let me know, my agent told me that she earned nothing from the sales of bond fund.

I have been also invest in PM via agent since 1996

i prefer unit split rather than the dividend income, due to the tax implication.

It will be a double tax situation, when the individual stocks declared income distribution its already tax once b4 paying out to mutual fund, and then when mutual fund declared dividend to their investors, there will be another round of tax....

I dont understand why must mutual fund in Msia like to declare dividend, some other foreign mutual fund like Franklin Templeton, Fidelity never declare dividend even their company is registered in tax heaven country. that is why a mutual fund initial offeringf price of USD10/unit could grow to as good as USD50 over time. So when investor encash their investment, can have 100% capital gain, without paying tax twice.

Am Dynamic Bond Fund is more expensive compared to any PB/PM funds becoz of:-

a) exit fee of 1% regardless how long u hold.
b) annual management fee of 1%, which is higher than most of the PB/PM bond funds @0.75%

The cheapest and better performance other than PB/PM will be RHB Islamic Bond Fund, no exit fee if hold > 1 year, no initial charge, and annual management fee is 0.75% also. Annualised 3 years return is 8.2%, not bad not bad. Have low risk with standard deviation of 2.3%, which is considered very low. But look at its portfolio, the biggest holding of one single company is AMPLE ZONE BERHAD, this company's bond fund rating has been downgraded recently, so just beware.

it is catching up these 2 days

u can only buy pb series fund with public bank. Agents do not carry pb series. Pb Islamic bond is closed whislt pb fixed income is still available for subscription.

yes I invest in pb Islamic bond, public Islamic bond, public bond. All 3 funds are closed till further notice

What u meant by current situation?

Recently P Small Caps and P Islamic Opportunites doing badly. For those who pump in substaintial amount of money when P Small Caps reopen for subsription in short period, lost big time.

3 options:-
a) Stay
b) switch
c) sell (not advisable as it will realize your lost immediately, i.e. sale charge of 5.5%+ difference in fund price)