Seems Public mutual is better in picking up the bond funds.

u can google the company. I have posted about Ample Zone Bhd's info 6 months ago to advice visitors to look into this firm, despite the good performance of RHB Islamic Bond Fund

An alternative to RHB Islamic Bond Fund, investor may consider Public Islamic Strategic Bond Fund.

Top 5 holding of PISTBF (as at 31 Oct 2011)

1) Malakoff Corporation / 2022/ (Rating : AA3) (Industry: Power Plant)
2) Special Power Vehicle/2015 (AA3) (Industry: Power Plant)
3) Sarawak Energy Bhd/ 2018 (AA1) (Industry: Diversified Holding)
4) Gulf Investment Corporation/ 2016 (AAA) (Industry: Finance)
5) Encorp Systembilt Sdn Bhd/ 2014 (AA2) (Industry: Construction)

The top 5 holdings are quite good. This fund has foreign exposure (i.e. Gulf Investment Corpo) so the price of the fund usually updated on the next day noon.

Sources:
1) https://www.zawya.com/sukuk/Story.cfm/sidZAWYA20110729052042
2) http://www.marc.com.my/home/userfiles/file...ober%202011.pdf
3) Public Mutual Funds Q3 Report
4) Public Mutual PISTBF 6 months report.
5) bond fund rating: http://en.wikipedia.org/wiki/Bond_credit_rating

Besides RHB Islamic Bond fund, the next bond fund that most likely will default will be RHB Bond Fund. The later has 17% Ample Zone Bhd Bond, the 21 Oct 2011 report by MARC depicting that most likely Ample Zone will not able to pay their dividend that due next month Jan 2012.

Before the RHB bond write off the debt, if u still holding the bond fund, should quickly sell it. RHB islamic bond is a clear good example already.

The portfolio of Am Dynamic Bond fund seems ok, mostly are banking bond, default risk is quite low. The killing point of this fund is back end charges. Withdraw fee of 1% regardless how long u hold the fund, and the annual management fee is 1% p.a. (compared to Public Mutual bond series 0.75%p.a.). If u r ok with the cost, Am Dynamic Bond Fund is investable...most of the outperform bond funds in PM already closed for suscription.