Public Mutual declares distributions for 5 funds (January 2010)

Public Bank’s wholly-owned subsidiary, Public Mutual, declared distributions for five of its funds. The total gross distributions declared for the financial year / period ended 31 January 2010 are as follows:

Fund	Gross Distribution / Unit
Public Index Fund	5.00 sen per unit
Public Far-East Property & Resorts Fund	0.50 sen per unit
Public Islamic Optimal Growth Fund	0.50 sen per unit
Public Enhanced Bond Fund	2.00 sen per unit
Public Money Market Fund	2.50 sen per unit

Public Mutual Chief Executive Officer Ms. Yeoh Kim Hong said Public Index Fund and Public Far-East Property & Resorts Fund have generated one-year returns of 45.43% and 92.41% respectively for the period ended 8 January 2010, according to The Edge-Lipper Fund Table dated 18 January 2010. While Public Islamic Optimal Growth Fund, which is a EPF approved fund has generated a one-year return of 35.38% for the same period.

As for Public Enhanced Bond Fund, it has generated a one-year return of 10.99% for the period ended 8 January 2010. Public Money Market Fund, on the other hand, has generated a one-year return of 2.14% for  the period ended 8 January 2010. ( source from official Public Mutual website)

Didn't know 5 sen per units is exactly how much dividend you will get? Ok, here i show you an example: Assume that you put RM10K in Public Index Fund at the buying price of 0.50. So, the total units you get is 10 000/0.5 = 20 000. So, the dividend you get this year will be 20 000X 5 cent which is RM1,000 (before tax deduction)!. 

5 cent is too few for you? Man, listen, As far as i know, Public Index Fund was giving out 20 cent in year 2008 which is 23.9% of dividend. Oh my god! Wondering why 2008 was economy recession but  the dividend still high? This is because the account closed/dividend distribution was in early 2008 (January), So, the affecting years were 2009 and 2010 which only giving out 5 cent per units (which is also very high already!)