Its Annual Expense Ratio * 2.26% (as of April 30, 2012) is so high!

AER == MER right?

Annual Expense Ratio =
Fund expenses / Average Fund Net Asset Value x 100%

E.g.
Average fund NAV during the year: RM100m
Auditor's remuneration: RM50K
Tax agent fees: RM20K
Trustee fees: RM70K
Management fees: RM1m
Miscellaneous administrative expenses: RM5K

AER
= (RM50K + RM20K + RM70K + RM1m + RM5K) / RM100m
= 1.15%

Making money from Unit Trust also depends on the timing of your entry. You have to do some study on the performance of each of the unit trust funds after consulting the unit trust salesperson. They will normally recommend some funds that are historically making good returns. You need at least 5 years to see the returns.

For my case, I invested in 2005 using EPF money in Public Equity Fund and it gave me a returns of 80% when I redeemed at the start of 2013. In 2008, the investment was actually losing money when the world market crashed but somehow it recovered after that, for a gain of 80%. So, there is still risk in unit trust investment.