RHB OSK ALPHA SECTOR ROTATION

As of 30 December 2014

Risk Profile

Fund Spesifications
Type of Fund
Effective Date
Launch Date
Denomination
Price (NAV) - IDR/Unit
Total Asset Under Management
Total Unit Offered
Total Outstanding Unit
Minimum Initial Investment & Top Up
Minimum Initial Regular Subscription & Top Up
Valuation Period
Custodian Bank
Investor Risk Profile
Benchmark

Low

Equity Mutual Fund

9-Aug-10
18-Aug-10
Indonesia Rupiah
IDR 1,579.72
IDR 460.62 billion
500,000,000 (five hundred millions) units
291.58 million units
IDR 500,000.00
IDR 200,000.00
Daily
Deutsche Bank AG Jakarta
Agresssive
100% JCI

Investment Objective

Moderate

High

Fees
Management Fee
Subscription Fee
Redemption Fee
Switching Fee
Custodian Fee

Max. 3.00% p.a

Max. 5.00%
Max. 2.00%
Max. 0.50%
Max. 0.25% p.a

Investment Risk

The fund aims to generate optimum return through distinctive investment strategy
with capability to utilize sectors at any market cycle in Indonesian stock market,
while upholding risk management.

1. Risk of Changes in Economic and Politic Condition

2. Risk of a Decreasing Numbers of Participation Units
3. Liquidity Risk
4. Change of Regulation Risk
5. Dissolution and Liquidation Risk

Investment Policy
Cash and/or Money Market
Equity

0% - 20%
80% - 100%

5 Top Holding

11.35%
88.65%

Equity - PT Bank Rakyat Indonesia

Equity - PT Telekomunikasi Indonesia
Equity - PT Bank Central Asia
Equity - PT Bank Negara Indonesia
Equity - PT Indonesia CBP Sukses Makmur

Asset Allocations
Cash and/or Money Market
Equity

Fund Performance
Fund Performance
RHB OSK Alpha Sector Rotation

Monthly Fund Performance

RHB OSK Alpha Sector Rotation

1,650
13%

1,550

10%

1,450

7%

1,350

4%

1,250

1%

1,150

-2%

1,050

-5%
-8%

950

-11%

850

-14%

750

RHB OSK ASR

JCI

INVESTMENT RETURN
NAV Growth
Benchmark

1 Month

3 Month

6 Month

1 Year

2 Year

3 Year

YTD

1.39%
1.50%

5.51%
1.74%

12.61%
7.14%

39.00%
22.29%

47.48%
21.09%

79.53%
36.76%

39.00%
22.29%

Since
Inception
57.97%
70.14%

Investment Manager Commentary

For the month of December 2014, the fund underperformed its benchmark by -0.11% and over 2014 outperformed by 16.70%-pts. The Cabinet announced by President Jokowi
contains some compromise with his political partners but reveals a control structure to utilise the National Development Planning Board (BAPPENAS) and a priority for
ministries under the Coordinating Ministry for Maritime Affairs. The new President has scope to deliver on some of his election promises, including the reduction of energy
subsidies, improving goverment efficiency and tax collection, and prioritising infrastructure development. Optimistically, Jokowi's 5-year term could be an inflection point for the
Indonesian economy despite the opposition in the People's Representative Council (DPR). In the near term, we think that fundamental risks remain, due to slower GDP growth
and high costs, hence we continue to place emphasis on companies with strong balance sheets and good business models. Once the political situation settles, focus will shift to
medium and long term opportunities such as investment in infrastructure and its positive spillover effects on job creation, consumption and property values.
Indonesia's trade balance recorded a deficit of USD 425 million in November 2014. Headline inflation in December 2014 increased to 8.36% y/y and core inflation to 4.93% y/y.
The IDR exchange rate depreciated by 1.5% to IDR 12,385 per USD. Some of the main risks for the market include political risk, the external sector (trade deficit/surplus and
currency), policy induced inflation and a slowing pace of GDP growth.

About Investment Manager Profile

PT RHB OSK Asset Management, previously PT OSK Nusadana Asset Management is a professional
Investment Management Company established in 2003 and has obtained an investment management license
from BAPEPAM & LK in 2007. PT RHB OSK Asset Management is a subsidiary of PT RHB OSK Securities
Indonesia and part of RHB Investment Bank, the biggest investment banking in Malaysia and experienced in
serving both individual and institutional clients. Currently, PT RHB OSK Asset Management is managing
money market funds, equity funds, index fund, capital protected mutual funds, fixed income funds, limited
offering mutual fund and several discretionary funds with total AuM of more than IDR 3.32 trillion (per 30
December 2014).

DISCLAIMER
This document is issued by PT RHB OSK Asset Management for information purpose only. This document is not an offering for selling, or
offering for subscription. All relevant matters have been considered to ensure that the information is right; however, there is no guarantee that
the information is accurate and complete and there shall be no liability for any loss arising from relying on this document. The past performance
does not guarantee future performance, unit price fluctuates and cannot be guaranteed. Investors must read and comprehend prospectus to
understand related risks before making any investment decision and all investment decision is based on investors own decision.

Contact Details
PT RHB OSK Asset Management
Wisma Mulia Building Lt. 20
Jl. Jend. Gatot Subroto No. 42
Jakarta 12710, Indonesia
Telp: (6221) 2783 0889
Fax: (6221) 2970 7333
Email: rhbam.id@rhbgroup.com
Website: www.rhboskam.co.id