how long you had been investing in these funds? on what indicitor you use as a base to switch your funds to lower risk funds or bond? the KL composite index?

how you forecast the prices will drop in the future..based on FA or TA. 

Public Islamic Sector Select Fund which is now 0.2645 but dividend declared not that great.
Public Islamic Select Treasures Fund,now at 0.2903...price have risen sharply but no dividend declared so far.
I also using EPF to buy mutual fund and i did a a lot of switching,
claiming dividend so far on Public Index Fund at 5 cent/unit and Public Regular Saving Fund at 4.5 cent/unit

I intend to switch to Public Islamic Equity Fund and expect the dividend to be around 2 cent region expected end May.

Comparison:
Public Islamic Equity Fund now at 0.3271
Public Islamic Select Treasures Fund now at 0.2903

PIEF last year dividend declared is 1.75 cent/unit where PISTF no dividend yet.

i expected based on current market PIEF by end May might declared 2 cent region.
and maybe PISTF will declared it's first maiden dividend by end May also.

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Added on April 7, 2010, 8:44 am

If EPF investment,you can't park at Public Bond Fund.

IF parking for epf invesment,you can park
Public Select Bond Fund or Public Islamic Income Fund.

Your timing of entry is good, which enable you to register good profit.

But frankly speaking, if invested during second half of 2008, a profit of 30% is not something very impressive return. (because the bottom form during 2008, and the market rapid recovery during 2009 until now, is something may happen once in a decade or may be longer period or so, which is not usual)
Anyway, there is no such thing of bad profit.

Money market is carrying lesser risk among them, but money market fund return won't exceed the EPF payout dividend rate in general, the most is on par with interest rate only, which stood at 2.75% currently.
Bond fund at current scenario, won't exceed more than 4-5% as well.

Bond funds have the least correlation to the equity market. They usually hold their value even if there is a market crash. But please be aware that bond funds, have relatively lower earnings, and have some risks. If you park your money in bond funds, and equity market rise, you will lose out the gains. For money market funds, it is not worth it as the earnings will be lower than FD, but the risk is the smallest.

Check out PBFI, good stable average yield of 6%-7% over the past 5 years, even with interest rate raise, and holds AAA or AA class bonds.

Both bond funds are good, PBFI and PBIBF, both bond funds recorded 9-11% return p.a. for the last 1 year. I have read an investment book, in long run, say 10 years time, Equity fund may not always wins Bond fund. Bond fund return could be slow but steady...