REKSA DANA

Perusahaan Investasi MANAJEMEN INVESTASI ANGGIA PARAMITA PUTI KENCANA, SE, MSMUNIVERSITAS GUNADARMA

GAMBARAN UMUM PERUSAHAAN INVESTASI (1)Perusahaan investasi (reksadana) (PI): intermediasi keuangan (FI) yang mengumpulkan sumber-daya2 keuangan individu & perusahaan2, & menginvestasikan sumberdaya2 keuangan tersebut dalam portofolio aset2 yang terdiversifikasi.Setiap sekuritas (saham) yang diterbitkan perusahaan investasi mewakili suatu proporsi kepemilikan dalam sekuritas portofolio yang dikelola untuk kepentingan (atas nama) para pemegang saham perusahaan investasi tsb.

GAMBARAN UMUM PERUSAHAAN INVESTASI (2)Pendirian PI ditujukan untuk menyediakan kesempatan bagi para investor kecil untuk berinvestasi dalam sekuritas2 keuangan & mendiversifikasi risiko.Dengan berinvestasi pada reksadana, para investor juga dapat menikmati skala ekonomis dengan menanggung biaya2 transaksi & komisi yang rendah.Prinsip investasi yang digunakan oleh manajer investasi: membentuk portofolio yang efisien & optimal.Manajemen Perusahaan Investasi: proses pengambilan keputusan keuangan dalam perusahaan investasi dalam rangka mencapai tujuan.Tujuan Manajemen PI: 1. Pertumbuhan, 2. Mendapat keuntungan, 3. Keseimbangan, 4. Ekuitas, 5. Apresiasi modal, & 6. Beroperasi secara internasional.

GAMBARAN UMUM PERUSAHAAN INVESTASI (3)Arti penting Manajemen PI:1. Dana yang dikelola manajer investasi relatif besar.2. Jenis reksadana yang berbeda akan membutuhkan pengelolaan yang berbeda.3. Persaingan dengan lembaga keuangan lain dalam mengumpulkan dana.4. Munculnya peluang investasi di pasar keuangan global menuntut keahlian khusus.

KLASIFIKASI PERUSAHAAN INVESTASI (1)PI dapat diklasifikasi dari berbagai macam perspektif: 1. Segi sifat penerbitan sahamnya, 2. Segi biaya transaksinya, & 3. Segi tujuan investasinya.Berdasarkan segi sifat penerbitan sahamnya, PI diklasifikasi:1. Reksadana terbuka (open-end fund): reksadana yang selalu siap untuk menjual saham2 baru kepada publik & membeli kembali saham2 yang telah beredar setiap saat pada harga yang sesuai dengan proporsi nilai dari portofolionya, yang dihitung pada setiap penutupan pasar harian.2. Reksadana tertutup (closed-end fund): reksadana yang menjual saham seperti halnya perusahaan2 yang lain, namun mereka biasanya tidak membeli kembali saham tsb.3. Perwalian unit (unit trust): mirip dengan reksadana tertutup dalam hal jumlah unit sertifikat yang diterbitkan, yaitu tetap, tetapi ada perbedaannya dengan reksadana yang berspesialisasi pada obligasi, yaitu:

KLASIFIKASI PERUSAHAAN INVESTASI (2)- obligasi dalam unit trust tidak aktif diperdagangkan.- unit trust mempunyai tanggal pembubaran tetap.- para investor unit trust tahu bahwa portofolionya terdiri dari sekumpulan obligasi tertentu & tidak khawatir bahwa wali akan mengubah portofolio tsb.

Berdasar segi biaya transaksinya, PI (reksadana) diklasifikasi:1. Reksadana berkomisi penjualan (load fund): rek-sadana yang dalam transaksinya, penerbit membe-bankan komisi penjualan kepada para investornya. Pada umumnya reksadana yang membebankan komisi penjualan adalah reksadana terbuka.2. Reksadana tanpa komisi penjualan (no-load fund): reksadana yang dalam transaksinya tidak membebankan suatu komisi penjualan kepada para investornya.Dalam menghadapi persaingan, banyak reksadana terbuka menjadi reksadana tanpa komisi penjualan, tetapi saat ada penebusan, reksadana ini membebankan fee penebusan.

KLASIFIKASI PERUSAHAAN INVESTASI (3)Berdasarkan segi tujuan investasinya, PI (reksadana) diklasifikasi menjadi:1. Reksadana saham: reksadana yang tujuan investasinya minimum 80% pada instrumen saham.2. Reksadana pendapatan tetap: reksadana yang tujuan investasinya minimum 80% pada instrumen utang.3. Reksadana campuran: reksadana yang tujuan investasinya memadukan antara instrumen saham dan utang, dengan perbandingan selain pada 1 & 2.4. Reksadana pasar uang: reksadana yang tujuan investasinya pada instrumen utang dengan jatuh tempo kurang dari satu tahun.

KLASIFIKASI PERUSAHAAN INVESTASI (4)Masing-masing jenis reksadana ini mempunyai karakteristik pengembalian dan risiko yang spesifik.Reksadana dengan pengembalian diharapkan tinggi, maka risikonya juga akan tinggi.Jika ditinjau dari karakteristik pengembalian-risiko, reksadana berada di antara dua titik ekstrim instrumen investasi, yaitu antara deposito dan saham.

KEPUTUSAN SUMBER & ALOKASI DANA (1)Dana perusahaan investasi berasal dari hasil penjualan saham yang diterbitkannya kepada publik.Sebelum penjualan saham reksadana dilakukan, terlebih dulu akan diumumkan tentang prospektus.Prospektus: dokumen resmi yang menggambarkan operasi suatu reksadana, manajemennya, & fee yang harus dibayar oleh para pemegang rekening.Dengan prospektus ini diharapkan para calon investor tertarik berinvestasi pada suatu reksadana dengan segala konsekuensinya.

KEPUTUSAN SUMBER & ALOKASI DANA (2)Sumber dana PI yang lain adalah pengembalian hasil investasi yang tidak dibagi kepada para pemegang sahamnya.Hasil keputusan atas alokasi dana berupa aset2 yang dimiliki PI sebagai hasil investasinya.Tujuan investasi reksadana adalah aset2 keuangan, & harus disesuaikan dengan ketentuan yang ada dalam prospektus.

KEPUTUSAN SUMBER & ALOKASI DANA (3)Karakteristik portofolio yang dibentuk oleh manajer investasi harus disesuaikan dengan prospektus. Dengan demikian, aset keuangan mayoritas yang digunakan sebagai instrumen investasi bergantung pada jenis reksadananya.Nilai investasi yang dikelola manajer investasi dinyatakan sebagai nilai aset bersih atau sering dinyatakan dalam bentuk NAV (net asset value).

KEPUTUSAN SUMBER & ALOKASI DANA (4)NAV = (Nilai portofolio yang dibentuk) (Biaya2 yang dikeluarkan).Secara garis besar, aset2 PI meliputi:1. Kas dan setara kas: untuk keperlua transaksi, ca-dangan untuk memenuhi penarikan, spekulasi, dsb.2. Investasi pada aset2 keuangan: sesuai jenis reksadananya,3. Aset2 lain: aset2 tetap yang digunakan untuk mendukung operasi PI.

SUMBER PENDAPATAN DAN BIAYA (1)Sumber pendapatan PI: 1. Pengembalian yang dihasilkan dari investasi pada portofolio yang dikelola, & 2. Komisi penjualan (khusus untuk load fund).Pengembalian yang dihasilkan dari investasi pada portofolio yang dibentuk dapat berupa: 1. Bunga, 2. Dividen, & 3. Keuntungan modal.Jenis pengembalian ini bergantung pada klasifikasi reksadananya.

SUMBER PENDAPATAN DAN BIAYA (2)Biaya utama perusahaan investasi: 1. Biaya operasional (gaji dewan direksi, dsb.), 2. Fee bagi penasehat keuangan, 3. Biaya penjualan dan pemasaran, 4. Fee jasa pengawasan dan akuntansi, 5. Biaya-biaya transaksi investasi, dan 6. Biaya pajak, sebagai badan usaha.

SEJARAH LAHIRNYA REKSA DANA1822Mulai dikenal di Belgia dengan bentuk Reksa Dana tertutup (closed-end fund)Menyebar ke Inggris dan Skotlandia dengan bentuk Unit Investment Trust1860Mulai dikenal di Amerika SerikatUndang-undang Reksa Dana dibuat di AS yang dikenal dengan Investment Company Act 1940Reksa Dana dikenal di Indonesia dengan bentuk tertutup berdasarkan Kep Menkeu 1548192019401990Berdasarkan UU No.8 tahun 1995 tentang Pasar Modal diperbolehkan Reksa Dana berbentuk Tertutup dan Terbuka1995

PERKEMBANGAN REKSA DANAAMERIKA SERIKAT1940Pada saat UU Reksa Dana diterbitkan di AS nilai aset Reksa Dana berjumlah sekitar US$ 448 juta yang dimiliki oleh 298.000 investorAset Reksa Dana berkembang menjadi US$ 50 milyar yang berasal dari 400 Reksa Dana1960Aset Reksa Dana menjadi US$ 2 trilyun dengan jumlah 5.000 Reksa Dana, serta jumlah investor 38 juta orangAset Reksa Dana meningkat menjadi US$ 3,6 trilyun dengan jumlah Reksa Dana sekitar 6.000Aset Reksa Dana meningkat menjadi US$ 6,9 trilyun dengan jumlah Reksa Dana 8.171199419972000INDONESIASept 1995PT BDNI Reksa Dana menerbitkan Reksa Dana tertutup dengan saham berjumlah 600.000.000 dengan nilai total sebesar Rp. 300 milyar

Reksa Dana, Apa itu?Definisi Menurut UU Pasar Modal: Reksa Dana adalah wadah yang dipergunakan untuk menghimpun dana dari masyarakat pemodal untuk selanjutnya diinvestasikan dalam Portofolio Efek oleh Manajer InvestasiDapat berbentuk:Kontrak Investasi Kolektif (KIK), TerbukaPerseroan Terbatas, Terbuka/Tertutup

17

REKSA DANA TERTUTUP(CLOSED-END)Tidak diperbolehkan membeli kembali saham-saham yang telah dijual kepada Investor, atau investor tidak dapat menjual kembali saham reksadana yang dimilikinya kepada Reksa Dana yang bersangkutan.Saham Reksa Dana dapat di catatkan di Bursa Efek.Jual Beli Reksa Dana di lakukan di Bursa Efek.

REKSA DANA TERBUKA(OPEN-END)Reksa Dana Dapat mengeluarkan/menjual saham /unit penyertaan secara terus menerus, sepanjang ada pemodal yang mau membelinya.Saham Reksa Dana tidak perlu di catatkan di Bursa Efek.Investor dapat membeli kembali saham/unit penyertaan Reksa Dana yang dimilikinya kepada Reksa Dana yang bersangkutan.Harga jual/beli saham/unit penyertaan Reksa Dana berdasarkan Nilai Aktiva Bersih (Net Asset Value) Pada hari yang bersangkutan.

Keunggulan Reksa DanaDikelola oleh Manajer Investasi yang professionalRisiko relatif rendah karena terdiversifikasiCocok untuk pemodal pemula, yang tidak terlalu menguasai teknik-teknik portofolioCocok untuk investor dengan kemampuan finansial yang tidak terlalu besarSecara relatif, biaya rendah

20

Data StatistikDalam Milyar RP

INVESTORBAPEPAMMANAJER INVESTASIBANKKUSTODIANPERANTARA PEDAGANG EFEK

PASAR MODAL PASAR UANG

Efektif

Mengajukan Pernyataan Pendaftaran

Instruksi Jual/Beli

Penawaran Umum/ penjualan terus menerus

Menempatkan uang tunai 1%

Pembayaran atas pembelian

Melaksanakan Instruksi Jual/BeliMEKANISME KEGIATAN REKSA DANA(Berbentuk Kontrak Investasi Kolektif)

Kontrak memuat:Hak dan Kewajiban MIHak dan Kewajiban BKHak dan Kewajiban Investor

Pembayaran pelunasan (redemption)Mengawasi

Permintaan redemption Konfirmasi

22

Reksa Dana & Kegiatan PerbankanMenawarkan alternatif fee based income yang potensial;Exercise bagi bank untuk mengenalkan one stop service atau service mallSalah satu wahana untuk retain nasabah;Bagi bank pemegang Obligasi Rekapitalisasi, dapat menekan cost of funds

23

Reksa Dana dan Cost of CapitalTerutama relevan bagi bank yang direkap; di mana kemungkinan terjadi negative spread, sebagai selisih antara bunga deposito dan bunga obligasi rekap; Introduksi produk yg dilink dgn RD dapat mengurangi negative spread;Juga akan menurunkan beban fee untuk blanket guarantee

24

Reksa Dana dan Implikasi MoneterTidak mengakibatkan bertambahnya jumlah uang beredar;Tidak bersifat inflatoir;Uang yang ditanamkan dalam instrumen RD tidak dikeluarkan dari sistem perbankan.

25

JENIS REKSA DANAReksa Dana Pasar Uang adalah Reksa Dana yang melalukan investasi pada pasar uang ( efek bersifat surat hutang yang jatuh tempo kurang dari satu tahun)Reksa Dana Pendapatan Tetap adalah Reksa Dana yang melakukan investasi sekurang-kurangnya 80% dari aktivanya dalam bentuk efek bersifat surat hutang.Reksa Dana Saham adalah Reksa Dana yang melakukan investasi sekurang-kurangnya 80 % dari aktivenya dalam efek bersifat ekuitas.Reksa Dana Campuran

Perizinan MIPasal 30 ayat 1 UUPasar Modal: Yang dapat melakukan kegiatan usaha sebagai Perusahaan Efek adalah Perseroan yang telah memperoleh Ijin Usaha dari BapepamTata cara dan proses perijinan lebih lanjut diatur dalam Peraturan Bapepam No. V.A.1

27

Perizinan BankKustodian Pasal 43 ayat 1 UUPM: Yang dapat melakukan kegiatan usaha sebagai Kustodian adalah Lembaga Penyimpanan dan Penyelesaian, Perusahaan Efek, atau Bank Umum yang telah memperoleh persetujuan dari Bapepam Tata cara dan proses persetujuan lebih lanjut diatur dalam Peraturan Bapepam No. VI.A.1

28

Kewajiban BKPeraturan Bapepam No. IV.A.3, IV.A.4, IV.B.1 dan No. IV.B.2 , antara lain menggariskan bahwa Bank Kustodian wajib:Memberikan jasa penitipan kolektif dan kustodianMenghitung NAB setiap hari bursaMembayar biaya-biaya yang berkaitan dengan reksa dana sesuai perintah Manajer InvestasiMenyimpan catatan terpisah tentang pemegang unit

29

Kewajiban BK lanjutan Membuat ketentuan pembukuan dan pelaporanMembuat tata cara pemutusan kontrakMembukukan semua perubahan dalam portofolio, jumlah unit penyertaan, biaya-biaya pengelolaan, dividen, pendapatan bunga dan pendapatan lain sesuai dengan ketentuan BapepamMembuat rekening terpisah bagi kekayaan reksa danaMembayar kepada pemegang unit setiap pembagian uang tunai yang ditetapkan dalam kontrakMenyelesaikan transaksi efek sesuai instruksi Manajer Investasi

30

LARANGAN DALAM INVESTASIPeraturan Bapepam No. IV.A.3, IV.A.4, IV.B.1 dan No. IV.B.2 memuat larangan-larangan dalam berinvestasi bagi Manajer Investasi, antara lain:Membeli efek luar negeri >15% dari NABMembelli efek >5% dari modal disetor emitenMembeli efek >10% dari NABMembeli efek tidak melalui penawaran umumTerlibat kegiatan selain investasi, investasi kembali, atau perdagangan efekTerlibat short-sale

31

Kewajiban Pelaporan Reksa DanaPeraturan Bapepam No. X.D.1:Pelaporan Reksa Dana wajib disampaikan Kustodian tiap hari/bulan kepada Bapepam dengan mengacu pada pedoman akuntansi sebagaimana ditetapkan dalam Peraturan Bapepam No. VIII.G.8Hal-hal yang tercakup dalam laporan tersebut, antara lain:Laporan aktiva dan kewajiban reksa danaLaporan operasi reksa danaLaporan perubahan aktiva bersih reksa danaInformasi operasi dan rasio-rasio reksa danaIsi portofolio reksa dana

32

Dokumen Pernyataan Pendaftaran Reksa DanaProspektusSpesimen Unit PenyertaanContoh Formulir Pemesanan Pembelian Unit PenyertaanKontrak Investasi KolektifLaporan Pemeriksaan Hukum dan Pendapat hukum oleh Konsultan HukumLaporan Keuangan RD yg telah diaudit AkuntanDokumen tentang Manajer InvestasiDokumen Bank KustodianSurat Tanda Terdaftar Profesi Penunjang Pasar Modal (Notaris, Konsultan Hukum dan Akuntan)

33

Prospektus Reksa DanaRingkasan:Faktor Risiko Informasi Material ttg kegiatan operasional RDUraian ttg Unit Penyertaan yg dijual, termasuk harga penawaranJumlah manksimum dan minimum Unit Pernyertaan yg dapat dibeliPernyataan mengenai Kebijakan Investasi

34

Prospektus Reksa DanaInformasi ttg RD;Ikhtisan Keuangan singkatUraian ttg biaya operasionalRiwayat singkat RDManajemen dan PengelolaJangka waktu pembayaran Unit PenyertaanIkhtisar pengalaman MIIkhtisar pengalaman Bank Kustodian

35

Prospektus Reksa DanaKebijakan dan tujuan investasiPerpajakanProfesi Penunjang Pasar ModalFaktor-faktor risiko utama RDHak-hak Pemegang Unit PenyertaanHak memperoleh laporan periodikHak memperoleh informasiHak untuk menjual kembali RDHak DividenPembagian uang tunai secara berkalaHak atas likuidasi

36

Prospektus Reksa DanaHal-hal material lainnya yg perlu diketahui oleh Pemegang Unit PenyertaanPersyaratan pemesanan Unit PenyertaanPembelian kembali Unit Penyertaan

37

Pedoman Kontrak Reksa DanaBerbentuk KIKMemuat, antara lain:Nama dan Alamat MINama dan Alamat KustodianKomposisi Diversifikasi PortofilioLarangan Pembelian Efek tertentu:Membeli Efek >5% dr modal disetor EmitenMembeli Efek satu perusahaan > 10% dari NAVMenjual Pemegang Unit > 2% ke satu pemodalMembeli Efek yg bukan dari Penawaran Umum

38

Pedoman Kontrak Reksa DanaBerbentuk KIKAlokasi biaya yg menjadi beban MI, Bank Kustodian, portofolio RD, dan pemodalKewajiban dan Tanggung Jawab MI, antara lain:Pembukuan dan pelaporanTata cara pemutusan kontrakLarangan penghentian pengelolaan RD sebelum ditunjuk MI yg baru

39

Pedoman Kontrak Reksa DanaBerbentuk KIKKewajiban & Tanggung Jawab MI .Pemisahan harta RD dan MITata cara penjualan Unit PenyetaanTata cara pembelian kembali (pelunasan)Kewenangan menunjuk Kustodian penggantiMelakukan invesasi sesuai kebijakan investasi dlm kontrak

40

Pedoman Kontrak Reksa DanaBerbentuk KIKKewajiban & Tanggung Jawab MI Membeli kembali Unit PenyertaanMembuat dan menyampaikan laporan keuangan kepada Pemegang Unit dan Bapepam

41

Pedoman Kontrak Reksa DanaBerbentuk KIKKewajiban & Tanggung Jawab Kustodian:Ketentuan pembukuan dan pelaporanTatacara pemutusan kontrakMembayar kerugian yg timbul karena tindakannyaMenghitung NAV setiap hari bursaMembukukan setiap perubahan portofolioMenyelesaikan transaksi sesuai instruksi MI

42

Pedoman Kontrak Reksa DanaBerbentuk KIKKewajiban & Tanggung Jawab Kustodian.Membayar biaya pengelolaan dan biaya lain-lainMembayar kepada Pemegang Unit Penyertaan untuk pembagian uang tunaiMenyimpan catatanMembuat rekening terpisah bagi kekayaan RD dari Bank Kustodian

43

Pedoman Kontrak Reksa DanaBerbentuk KIKKewajiban & Tanggung Jawab Kustodian Memberikan jasa penitipan kolektifMembuat dan menyampaikan laporan kepada MI, Bapepam, dan Pemegang UnitHak dari Pemegang Unit PenyertaanKebijakan pembagian hasil secara berkala

44

Pedoman Kontrak Reksa DanaBerbentuk KIKKewajiban laporan Keuangan diperiksa AkuntanTata cara pembubaran & likuidasi, serta biaya yg berkaitan.

45

Pedoman Kontrak Reksa DanaBerbentuk KIKLaporan Keuangan Tahunan Reksa Dana wajib diperiksa oleh Akuntan yang terdaftar di Bapepam serta wajib disampaikan kepada Bapepam oleh Manajer Investasi selambat-lambatnya pada akhir bulan ketiga setelah tanggal laporan keuangan tahunan berakhir

46

Pedoman Kontrak Reksa DanaBerbentuk KIKReksa Dana wajib menerbitkan pembaharuan prospektus yang disertai laporan keuangan serta wajib disampaikan kepada Bapepam oleh Manajer Investasi selambat-lambatnya pada akhir bulan ketiga setelah tanggal laporan keuangan tahunan berakhir

47

Pedoman Kontrak Reksa DanaBerbentuk KIKDalam hal reksa dana dibubarkan maka biaya Konsultan Hukum, Akuntan, dan beban lain kepada pihak ketiga menjadi tanggung jawab dan wajib dibayar oleh Manajer Investasi kepada pihak-pihak yang bersangkutan

48

NILAI AKTIVA BERSIH (NAB)AKTIVAPEMILIKAN(lembar)NILAI PASAR (Rp) NILAI AKTIVA (Rp)ISAHAMTLKMPGASSMGRBHITAAL 500.0001.000.000 100.0002.000.0001.000.00010.25011.60036.500 48012.600 Sub total 5.125.000.00011.600.000.000 3.650.000.000 960.000.00012.600.000.000 33.935.000.000IIOBLIGASIPLNPegadaian Sub total10.350.000.00010.270.000.000 22.620.000.000IIIDEPOSITO1.PT. Bank Dapat Dipercaya Sub totalTotal 15.075.000.000 71.630.000.000IVKEWAJIBAN1. Managemen Fee 1,75 %/th2.Bank Kustudion Fee 0,25 %/thNILAI AKTIVA 104.460.416 14.922.916 71.510.616.668

NAB adalah nilai pasar wajar dari suatu efek dan kekayaan lain dari reksa dana dikurangi seluruh kewajibannya. Jumlah Unit/Saham di terbitkan 70.000.000NAB per/Unit/saham Rp.71.510.616.668,- : 70.000.000 = Rp.1.021,58

BIG DANA LIKUID SATU 1 Bulan Terakhir 16-Feb-0716-Mar-07Return 1,014.290 1,025.345 1.090%Sejak Inception3-Jan-0716-Mar-07Return 1,000.000 1,025.345 2.535%

BIG DANA LIKUID 1 Bulan Terakhir 16-Feb-0716-Mar-07Return 1,655.592 1,675.606 1.209%1 Tahun Terakhir16-Mar-0616-Mar-07Return 1,427.098 1,675.606 17.414%Sejak Inception3-Dec-0116-Mar-07Return 1,000.000 1,675.606 67.561%

STRATEGI INVESTASI REKSA DANAPERSIAPAN 1. Tujuan Investasi a. Kemampuan Keuangan b. Horizon Investasi (jangka panjang/menengah/pendek) 2. Pahami Resiko Investasi di reksadana 3. Pelajari Instruments Reksadana a. Perekonomian Makro b. Jenis reksadana c. Prospektus reksadana d. Karakteristik dan track record Manajer Investasi dan perusahaan sekuritasnya. e. Track record produk reksadananya

PELAKSANAAN 1. Pilih reksadana saham/fixed income/pasar uang/campuran/terproteksi sesuaikan dengan horizon investasi dan makro ekonomi. 2. Pilih Perusahaan Asset managent dan Manager investasi yang memiliki track record baik. 3. Pilih produk reksadana yang memiliki pertumbuhan konstan dan tinggi untuk jangka waktu 1 bulan, 3 bulan, 6 bulan, satu tahun, dan sejak bediri. Tapi dipilih yang jauh di bawah lima tahun. 4. Hindari produk reksadana yang mayoritas portofolionya tertumpu pada satu instrumens yang terafiliasi dengan perusahaan Asset Management. 5. Pilih produk reksadana yang memberikan kemudahan administrasi dengan tanpa entry fee dan redemtion fee.

MONITORING DAN EVALUASI

1. Manfaatkan monitoring secara terus menerus dan evaluasi secara berkala baik per bulan, triwulan, semester, dan tahunan. 2. Perhatikan Perkembangan Ekonomi khususnya pergerakan suku bunga BI rate dan The fed walaupun nun jauh disana. 3. Manfaatkan redemtion pada saat NAB tinggi atau cenderung akan turun selain menyesuaikan horizon investasi. 4. Alihkan ke jenis produk reksadana yang memiliki pertumbuhan lebih baik terutama pada satu Perusahaan Asset Management. 5. Monitor Perkembangan Asset management terhadap kepatuhan arahan investasi yang sudah dibuat.

TUGAS TERSTRUKTUR1. Mengapa setiap saham yang diterbitkan PI dianggap mewakili suatu portofolio? Jelaskan.2. Apa yang dimaksud dengan portofolio efisien & optimal? Jelaskan.3. Jelaskan tentang arti & tujuan manajemen PI!4. Mengapa peluang investasi di pasar keuangan global menuntut manajemen PI untuk memiliki keahlian khusus? Jelaskan keahlian apa.5. Apa perbedaan antara reksadana terbuka & tertutup? Jelaskan.

TUGAS TERSTRUKTUR6. Sebutkan & jelaskan klasifikasi reksadana berdasarkan segi tujuan investasinya!7. Berdasarkan dilema pengembalian-risiko, reksadana merupakan instrumen investasi yang berada di antara dua titik ekstrim, yaitu saham & deposito. Jelaskan pernyataan ini!8. Sebutkan & jelaskan sumber dana PI!9. Apakah diperbolehkan oleh peraturan jika PI berinvestasi pada aset2 riel? Jelaskan.

TUGAS TERSTRUKTUR10. Apa yang dimaksud dengan NAV? Bagaimana cara menghitungnya?11. Sebutkan & jelaskan sumber pendapatan PI!12. Sebutkan & jelaskan biaya2 yang harus ditanggung oleh PI!

0100002000030000400005000060000700008000090000100000199920002001200220032005RD SAHAMRD CAMPURANRD PURD PTGrafik NAB Reksa Dana BIG Dana Likuid Satu Sejak Inceptiom Sampai 16 Maret 20071,0001,0051,0101,0151,0201,0251,0303-Jan-0717-Jan-0731-Jan-0714-Feb-0728-Feb-0714-Mar-07TANGGALNABBIG DANA LIKUIDSATUChart110001000.6771000.9591001.8051002.0871002.3681002.5121002.8241003.7391004.0421004.3531004.7541005.1521006.1191006.3821006.7231007.0641007.3661008.3531008.7111008.81009.5761009.8551010.6751011.0811011.4231011.6971012.0261013.0221013.3211013.6541013.9791014.291015.1041015.4061015.7161016.0321016.4551017.3671017.6861018.6891019.0381019.4191020.3371020.7591022.4151022.8511023.1831024.1321024.4341024.7431025.0051025.345

BIG DANA LIKUID SATUTANGGALNABGrafik NAB Reksa Dana BIG Dana Likuid Satu Sejak Inceptiom Sampai 16 Maret 2007

BIG Dana Likuid BIG DANA LIKUID1 Bulan Terakhir16-Feb-0716-Mar-07Return1,655.5921,675.6061.209%1 Tahun Terakhir16-Mar-0616-Mar-07Return1,427.0981,675.60617.414%Sejak Inception3-Dec-0116-Mar-07Return1,000.0001,675.60667.561%

BIG Dana Likuid 10001000.04246575271000.30833799741000.7257054141001.1410780641001.5564319581001.9717670641002.3870833961002.8023809461003.2176597281003.6329197381004.0481609741004.46338341004.8785871361005.2937720621005.708938221006.124085611006.5392142321006.9543240881007.369415181007.7844875081008.199541071008.6145758721009.029591911009.4445891881009.8595677061011.1043907061011.9341789221012.31205509381012.68173560431013.0909334881013.34804611561013.5746121561013.98453507651014.39443946431014.8043253231015.21419265441015.62397030081016.03372942551016.44347002471016.85319210211017.26289565771017.67258069341018.08224720911018.49189520481018.90152468241019.27561141241019.6496812331020.02373414211020.39127566051020.74643767321021.10156095981021.45666819371021.80656936891022.03300993651022.25079043251022.62044884451023.02006697441023.38969444361023.75930520281024.12889925361024.49867093061024.86323588641025.08107573531025.44208935861025.83486618171026.22762524981026.62036656291027.01309012271027.40579592921027.7984239151028.19103415111028.58362664071028.97620138231029.36875837751033.2213016051033.64997221511034.08291401951034.51583625151034.94873891481035.10418373451035.25970657521035.6830477121036.1321788541036.5780131381040.0186855741040.439201611040.8596986381041.2801766581047.6575288141048.0430769021048.7598547521049.1424741261049.5250762061049.9076609881050.2902284761050.672778671051.0553115721051.4327607291051.98597783231052.35032825231052.7146622031053.07897968321053.43337312661053.79259488631054.14600310311054.5441505181054.94706377061055.35006582991055.75315683041056.15353299171056.56921447971056.98929766741057.40946959361057.82973039561058.25008021171058.68660554911059.10713515831059.52775419931059.94841500291060.36916551971060.79000589011061.2109362551061.63195675471062.04869946411062.47501403831062.9013777881063.3278242871063.75435366911064.18096606451064.60766160631065.03444042811065.45435157241065.891066.32388170331066.75749244211067.19118306981067.62495371321068.0588045011068.49273556081068.92674702041069.36083901011069.79501165671070.22926509071070.66359944061071.44556932941071.75949504811072.13308959121072.54741383171072.97243524431073.39766820641073.85315483831074.27881625251074.70469009811075.13077666971075.55707626341075.98358917491076.41031570111076.83725614021077.26441078751077.69177994381078.11719169131079.70234514581080.1299821971080.55338780451081.02460171771082.7991083.2711083.7391084.2071084.67502443141085.14370296421085.6081495971086.01155383691086.44337103641086.87516871551087.31326481541087.74502993031088.17677552581089.45100476821089.89815773161090.34529048111090.79240301771091.23949534241092.99009318131093.43688979271094.1010841311094.5445566471094.99231987011095.44006285241095.85976928371096.27945674231096.69910255651097.11872939991097.53833727411097.95792617991098.37749611741098.79704708831099.21657909341099.54914178931099.8782412911100.34364332921100.8147135461101.2857624671101.75746333361102.22846626651102.6993830971103.17027863871103.64115289311104.1120058621104.58283754541105.0536479451105.52443706091105.99520489471106.28449502331106.57119592531107.06020341631107.54918880121108.03815208151108.52724045261109.01630671491109.51597013491110.01243154381110.51149999911111.01054589351111.50956922811112.00857000461112.50754822341113.00650388551113.50543699221114.00434754431114.5032355431115.38677103791118.83545971631119.24677091211119.63588222231119.98365167091120.4306240321120.8775761871121.3219987291121.76722846111122.20984318841122.66811369691123.12636348891123.58458478811124.04278537291124.50096524491124.95912440461125.41726282971125.87516209471126.33267588661126.79016899681127.24764142531127.7102829291128.17290351791128.63550319421129.09808195891129.56063981211130.02317675511130.48569278871130.94818677291143.82573468221144.35209074371144.82415417261145.32044014711145.81670368691146.31294479291146.8226468021147.29130251481147.76009557891148.22587849711148.72092228041149.21594368471149.71094271121150.20591936121150.67464663821151.171151.6371152.10469017191152.57203674081153.03936218261153.53453588391154.00329873151154.49117234181154.97902364571155.45896452711155.95439134991156.35571952061156.75702954941157.15832143651157.55959518291157.96085078981158.92643716451159.42199508981159.91753061341160.41304373581160.80410304391161.20239054371161.51348193331161.84807081711162.18264457541162.51720320921162.77274922581163.10397563951163.43849586451163.74642264131164.04447627781164.39220917731164.74337816321165.09453127461165.44648674081165.7984248971166.71505407291167.07377036941167.43285747411167.79192839431168.1509830681168.50752169961168.86361449841169.16235482021169.56446726741169.96656153681170.36863762961171.73045332511172.13263895161172.53480639721173.0176142761173.55090327161173.89285654951174.37001521021174.84715230071175.32360094671175.8007959231176.27966500711176.7433876311177.20538817791177.66736784021178.12932661811178.8089851121179.51351884171180.03836406321180.6581183541181.21659560331181.77504760671181.84125438041182.33371295511182.84259414941183.3372848161183.82991056271184.32251404031184.81509524931185.30765419091185.74490240581186.18213085391186.61578531891186.84647280321187.38870737981187.7842514911188.17977772111188.56370243531189.0621703611189.48353929351189.90488917721190.3262200141190.74753180421191.16882454841191.59009824821192.00937179191198.13559080611195.41845524161195.76006201481196.10165334631196.44322923521196.87665913271197.13691069881197.39236263751197.80910119881198.22582092091198.64252180551199.05633113461199.4803401131199.90432992471200.32830056851200.69080779591201.11498529661201.53914358831201.96328277371201.87789444421202.40016948911202.94911324351203.47136723721203.99350544211204.51562004291205.03771104231203.76278479611206.07975170151206.59563871861207.11637982721207.63711471241208.15779138511208.67846191821209.1994738051209.71680906721210.22897789871210.7938191351211.28948486121211.78512818021212.22347303151212.6293558471213.04677968571213.52166746981213.99653378591214.47137863511214.94620201941215.42100393841215.90779277231216.36803544271216.82036419991216.771897651217.22591989731217.67992162031218.16768181691218.61998224121219.06491668791219.50275008141219.93014153521220.37742187851220.82468200221221.27192190751221.7539330971222.23680548251222.67100838181223.17875845451223.71708481781224.25538684581224.49169746521224.90770511161225.33315235891225.75828639041226.13965086751226.57337671571227.00708295721227.31348079361227.93160595581228.80547755571229.75737848861231.40772937991231.82300192131232.23825569021232.65349068751233.17927439251233.58912231471234.02926055731234.4730182981234.92169889841235.37035921591235.81582675591236.26131407571236.68291452721237.29583736781237.74865510211238.20624329731238.66381080711239.10784354641239.55845125461240.01008187561240.44236768121240.89614736041241.35042608741241.80468427841242.2300884621242.67184536041243.18818927341243.68929555361244.19048898571244.69422343771245.1979351181245.29899226661245.73365423781246.1635858831246.61009532961247.05647086661247.50466323941247.95283535141248.39423736251248.79839285031249.17991798871249.39905942921249.861250.32233135851250.78492781731251.251251.6991252.1671252.6351253.1071253.5781254.051254.4981254.9681255.0971255.6511256.3151256.97977104021257.64486232631258.4371258.861259.4231259.87695602561260.3391260.80105691341261.26343814481261.7281262.151262.5921263.0331263.4741263.93393502031264.39391938371264.7991265.2381265.6761266.11800130531266.55974789691267.00147451911267.44318117291267.8831268.3251268.7681269.2081269.7921270.37917434821270.96653482041271.5331272.0891272.651273.2311273.81217961411273.82679340681274.7061275.1411275.5761276.0091276.2921277.5141277.8961278.1361278.711279.1281279.5471279.9661280.3851280.8051281.2241281.6421282.0571282.48045462481282.90354952711283.4871284.0691284.6471285.1641285.7431286.3231286.9031287.4831287.9421288.3671288.7931289.2751289.7571290.241290.7171291.2051291.6891292.1571292.6521293.12871293861293.6051294.0781294.5021294.9331295.3441295.7711296.1991296.6271297.0551297.4911297.7921298.2041298.6451299.0911299.5361300.0971300.6681301.2481301.3851301.8361302.2761302.7151303.1531303.5831304.021304.4621304.8991305.3351305.7711306.2066184091306.6422685471307.07503814221307.65698713961308.11939588111308.62236047071309.12530232361309.62822144071310.08097580651310.57921075251311.06851419771311.56429814171312.06134020631312.55835980191313.05054640391313.54338020141314.04412976311314.53070082781315.02266274251315.46052125151315.45010889491315.8921316.3131316.731317.1471317.5711318.00804830091318.4451318.8821319.3231319.7621320.1941320.6311321.06827228131321.5061321.941322.3771322.8251323.2741323.7731324.1587460761324.61325.0411325.4771325.9181326.3571327.0721327.51183708871327.9511328.3241328.7591329.1961329.6641330.0851330.5141330.9431331.3711331.7981332.2281332.6561333.0881333.5211333.9541334.3871334.8221335.2581335.6821336.1031336.5251336.9471337.4181337.8331338.2721338.6851339.1321339.5821340.0311340.4621340.9181341.3581342.0441342.0191342.4641342.9091343.3681343.8181344.2761344.7291345.1741345.61827434961346.0631346.5061346.9491347.321347.7671348.1291348.5951349.061349.5321349.8721350.3311350.7591351.1931351.6281352.0641352.4991352.9341353.3691353.8041354.2391354.6741355.1091355.5531355.9911356.4331356.8711357.3061357.7431358.1851358.5931359.0841359.521359.8691360.3081360.7491361.191361.641362.0831362.5181362.9641363.4341363.90878799851364.3831364.8571365.3991365.84853504291366.29845723131366.751367.2011367.6521368.1351368.5781368.5531368.9941369.4611369.9081370.3541370.81371.2061371.5581371.9361372.311372.6861373.0621373.4991373.9391374.3871374.8171375.2511375.6971376.1431376.5871377.0341377.4791377.9263765311378.3661378.80891066071379.2521379.6941380.1381380.5781381.0141381.4421381.4311381.8591382.2861382.7251383.151383.5641383.9941384.4021384.811385.1931385.5881386.0081386.4531386.9041387.341387.7761388.1661388.5851389.0181389.4531389.8811390.3181390.7541391.191391.6221392.0571392.491392.9211393.3571394.2791394.6991395.161395.62087084031396.0681396.5151396.9631397.4121397.8431398.2741398.711399.1451399.5781400.0211400.4651400.8831401.3181401.7571402.1931402.6261403.06836566791403.51027409681403.9521404.361404.791405.2211405.6531406.08602075511406.5191406.9441407.3731407.3321407.7651408.1761408.5871408.9991409.411409.821410.2621410.7641411.23161311871411.69917351341412.1671412.6111413.2841413.9281414.4011414.8261415.2591415.6921416.1531416.6041417.0291417.4231417.8611418.3061418.7141419.1161419.5231420.031420.5381421.0471421.55555954551421.97666824611422.3971422.8641423.2841423.7061424.131424.55331659381424.9771425.4011425.831426.2681427.0491427.4771427.90399408371428.3311428.7661429.2311429.7691430.1941430.6161431.0391431.4631431.8841432.3051432.7251433.2091433.6251434.051434.4751434.491434.9431435.4391435.9351436.3591436.79197022081437.2251437.6521438.0691438.5051438.9291439.4741439.90881592951440.3441440.7691441.2441441.7151442.2021442.6771443.16460478111443.65179708941444.1181444.5771445.0411445.4731445.9041446.3371446.7711447.1951447.6261448.0541448.4821448.9031449.3291449.7551450.1811450.5781450.9851451.4011451.8121452.2371452.6611453.081453.4921453.9341454.3761454.831455.2671455.7051456.1341456.6261457.1181457.5911458.0741458.6081459.1421459.8671460.3011460.7351461.1691461.6041461.5571461.9911462.4331462.881463.3251463.7681464.2071464.6491465.0911465.5351465.9741466.4141466.8491467.2841467.721468.1551468.5871469.0281469.4811469.9281470.3811470.8371471.2941471.7331472.1761472.6851473.2661473.9491474.3741474.7981475.241475.3821475.8531476.3091476.7631477.2181477.6731478.1451478.61479.0451479.4911479.941480.3881480.8361481.2851481.7331482.1911482.64131483.0981483.561484.0221484.4841484.9091485.3691485.8291486.2981486.7541487.2091487.6541488.1011488.5511489.0021489.4611489.9131490.3641490.9491491.5271492.1011492.5371492.991493.4441493.8981494.351494.6981495.1451495.5831496.5181497.0981497.5481497.9831498.4151498.8761499.3291499.7851500.2431500.7031501.151501.611501.961502.4131502.8691503.3211503.2661503.8781504.3391504.7841505.2321505.67537101081506.1241506.5731507.0211507.6741508.1311508.5691509.0151509.4631509.911510.3581510.8051511.2531511.71512.1481512.5951513.0431513.4621514.1261516.0941516.551516.9921517.4311517.8691518.3041519.0331519.3331519.7351520.1811520.6071521.0331521.51521.9291522.3641522.8031523.2541523.69934265941524.1451524.6321525.1831525.5171525.961526.4381526.8931527.3491527.8421528.311528.7781529.2871530.0071530.7371531.4661532.0841532.7491533.5151534.0591534.0051534.4611534.9181535.3731535.8281536.2821536.7341537.1851537.6291538.0731538.5481539.0091539.4551540.0111540.6321541.0871541.5411541.9951542.471543.1531543.6051544.0761544.5471545.0181545.7471546.6631547.8851548.7531549.5741550.49911464441551.2151551.6411552.2181552.7871553.3521553.9431554.5231555.1041555.6411556.1831556.7261557.2691557.7931558.331558.8671559.4011559.9611560.5261561.0971561.6691562.2131562.7571563.2931564.7411566.1881567.4891568.8071568.83859628111570.00198752721573.1321574.4861575.3571576.4971577.3731577.8271578.2821579.681580.6831581.0231582.2261582.6871583.1481583.6091584.5241585.2151585.4881586.071586.4511586.89696554211587.34279068991587.8471588.091588.2991588.5581589.00817573161589.45850523361589.90882741931590.1711590.3791590.7581590.8551591.031591.49273335451591.95581719521591.3361590.1811590.4361590.9411591.2551591.71907285221592.1831591.9071592.5031592.8291593.521593.9161594.37885259941594.84144418531595.2161595.6751595.7371595.9161596.37869249971596.84144556411597.3041923531597.8361598.361598.8821599.41599.9631600.4165530126384731601.1261601.5771601.82384771602.90238479384801604.2851604.7551605.2441605.6681606.0438486384871607.5411607.8811608.3431608.731609.1938493384941610.524384961611.2821611.391611.8521612.3041612.7551613.2031613.2361613.5431613.7661614.559385071615.4561615.8791616.3491616.8581617.3011617.783385141618.71619.1631619.6441620.1181620.5771620.956385211621.8891621.2221622.291622.4881623.2071623.67138528385291624.881624.9481625.3511625.7291626.3331626.51626.7441627.6391628.2711628.77738542385431631.9611630.1971630.5751631.0561631.53638549385501632.781633.2991633.6171634.211634.6241636.0431636.5281636.8751637.3091637.4871637.5471637.6741637.8361637.9061638.4371639.5931640.1881640.2451641.0451641.12838577385781642.4791642.569385811643.7471644.25638584385851645.691646.221646.6161647.1031647.55938591385921648.9011649.3071649.3191649.4421649.4421649.4421649.4421330.641331.8281331.9661331.9871333.3461335.5241336.1851336.57213371337.39838612386131339.0361339.4651339.841340.6741340.94438619386201342.2751342.7471343.1391343.5591343.97238626386271345.5461346.0581346.3531346.7321347.05138633386341348.1921348.7051349.2191349.2191350.23438640386411351.7871352.3051352.612386451353.6441355.1181355.8571356.5371356.8611357.51358.511359.25386583865938660386613866238663386641363.251363.751364.3241365.7131366.1931366.671367.0991367.6391369.1121369.6071370.0641370.5211371.0151372.5171372.9481373.4221373.981374.4671375.9041376.3851376.8661377.3471377.8281379.2711379.7541380.2361380.7221381.2061382.6581383.1441383.6271384.0991384.5811386.5191386.9791387.481388.871389.3561389.8441390.3351390.8221392.2841393.2571393.7311394.2241395.6981396.1691396.661397.1511383.1441399.1221399.6171400.0791400.5781401.0791402.5821403.0171403.5181404.0121405.5041405.9981406.5691407.0271407.5121409.0111409.5061410.0291410.5461411.0481413.0821413.5691414.0621414.5541415.0631416.5441418.1371418.6331419.1281419.6221421.1111421.5871422.081423.5521424.0421425.5111426.0211426.521427.0981427.5931429.0791429.5751430.2931430.7891431.2861432.7821433.2941433.8011434.2421435.7461436.251436.7471437.2451437.8811439.9431440.4261440.9231443.0421443.431443.9471444.451444.9531446.4641446.9731447.4781447.9831448.4931450.0031450.4981451.0291451.5231452.0321453.7911454.141454.6391455.1461455.6491457.1681457.6841458.1881458.6861459.1841460.9561461.4341461.9391464.61465.1051465.1931465.7271466.2311467.7431468.2531468.7591469.2641469.771471.6381471.7981472.3771472.8821473.3871474.9121475.4131475.9241476.3941476.9311478.4461478.9581479.4781479.981480.4951481.7261482.2381482.7671483.2761483.7851486.0821486.6011487.1031487.6441488.151489.7041490.2231490.7431491.2661491.7891493.4361493.9521495.1231495.7641496.2781497.2521497.7741498.2831498.8051499.3211500.0071500.6311501.1471501.6641502.1811503.7591504.2381504.7561507.9211508.4441508.9411509.4581511.0211511.5551512.0861512.4081512.9421514.5181515.061515.5941516.111516.6771518.231518.9471519.5231520.1761520.8281522.3981523.0531523.8221524.3451524.8691526.531527.0451527.7591528.3981529.561531.2051532.0171532.6381533.2981533.9361535.6031536.1431536.8121537.5081538.5041539.9261542.7641545.0281546.3841547.4661553.5791554.1421554.9521556.161556.6681561.0721562.4151562.9131563.9161564.8791566.5551567.1161568.2971569.6331571.8771573.941574.8961576.3241577.0481577.841579.4541580.2041581.0911581.9611582.341583.631584.3991585.1051585.6371586.2881588.1131588.391588.8031589.1551591.4671592.8061594.4711596.0831605.571609.7631614.1011616.5441618.1951621.3311626.4091626.7211627.3981628.9331629.3361630.0241630.3291631.0961632.4761632.9171633.4771634.0591635.5751641.4681641.4681642.2961642.7681642.7681642.8281643.2221644.6291645.1971645.2831645.8671646.2881647.8811648.4781649.0921649.6711650.271651.8251653.7671654.5571655.131655.5921657.821658.541659.1931659.7811660.4371661.8191662.3961663.342

16-Mar-05BIG DANA LIKUIDTANGGALNAB(Rp/Unit)NILAI AKTIVA BERSIH PER UNIT (NAB) BIG DANA LIKUID SEJAK INCEPTION SAMPAI 16 MARET 2007

BIG Dana Likuid SatuBIG DANA LIKUID SATU1 Bulan Terakhir16-Feb-0716-Mar-07Return1,014.2901,025.3451.090%Sejak Inception3-Jan-0716-Mar-07Return1,000.0001,025.3452.535%

BIG Dana Likuid Satu10001000.6771000.9591001.8051002.0871002.3681002.5121002.8241003.7391004.0421004.3531004.7541005.1521006.1191006.3821006.7231007.0641007.3661008.3531008.7111008.81009.5761009.8551010.6751011.0811011.4231011.6971012.0261013.0221013.3211013.6541013.9791014.291015.1041015.4061015.7161016.0321016.4551017.3671017.6861018.6891019.0381019.4191020.3371020.7591022.4151022.8511023.1831024.1321024.4341024.7431025.0051025.345

BIG DANA LIKUID SATUTANGGALNABGrafik NAB Reksa Dana BIG Dana Likuid Satu Sejak Inceptiom Sampai 16 Maret 2007

Sheet1

Sheet1608.631030.141075.211618.195390791805.523620.93121042.16431076.3761621.331390841836.52617.891041.851076.6751626.40910001834.709608.211038.411076.961626.7211000.6771824.103608.111050.211077.2031627.3981000.9591832.55605.721046.051078.0641628.9331001.8051813.394599.31042.151078.3471629.3361002.0871780.881579.741010.681078.6361630.0241002.3681710.367579.431014.571078.9811630.3291002.5121703.844553.43995.761079.3971631.0961002.8241678.044570.021021.661080.5761632.4761003.7391730.475584.161022.441080.8731632.9171004.0421730.475595.391031.011081.2391633.4771004.3531758.483625.691054.041081.7121634.0591004.7541777.708614.491040.411082.1091635.5751005.1521795.559614.111042.741083.1371641.4681006.1191817.409622.391048.681083.551642.2961006.3821808.575621.331045.38791084.0381642.7681006.7231805.692614.721033.151084.6191642.8281007.0641773.956615.651028.781085.0031643.2221007.3661759.206618.771027.641086.2771644.6291008.3531764.995619.721024.821086.5871645.1971008.7111765.522616.461016.251086.6491645.2831008.81757.258626.81181025.92161087.071645.8671009.5761771.326625.61029.51087.3731646.2881009.8551780.381620.151027.51088.3041647.8811010.6751768.539617.411036.141088.6231648.4781011.0811761.293617.21033.61089.0651649.0921011.4231764.909617.841037.191089.4551649.6711011.6971751.319627.211045.291089.8481650.271012.0261740.317624.551047.541090.9681651.8251013.0221734.462617.71050.541091.3491653.7671013.3211727.36616.471056.461091.9081654.5571013.6541750.986618.591066.351092.281655.131013.9791790.405613.021061.471092.611655.5921014.291794.363619.091067.651093.7481657.821015.1041799.293629.71084.131094.1291658.541015.4061806.482633.541093.91094.5221659.1931015.7161816.566627.041088.951094.8851659.7811016.0321808.441631.191091.541095.2891660.4371016.4551791.553638.9710921096.321661.8191017.3671783.951627.871079.671096.6761662.3961017.6861764.008618.151068.361097.7341663.3421018.6891663.342619.021073.571098.0951664.8391019.0381759.49616.011073.121098.4871665.6721019.4191760.019590.371037.471099.5521667.211020.3371698.82601.361050.891099.8251668.0821020.7591732.438600.241049.671099.9491671.0031022.4151743.189815.771072.031100.5631671.6711022.8511771.558608.491064.461100.9191672.2211023.1831764.582613.31072.451101.9921673.5851024.1321794.522618.771074.631102.4131674.0041024.4341797.402608.921062.721102.8071674.5961024.7431762.284615.081071.251103.231675.0861025.0051776.361617.681075.491103.6321675.6061025.3451777.89

BIG NUSANTARABIG PALAPABIG DANA MUAMALAHBIG DANA LIKUIDBIG DANA LIKUID SATUIHSGTANGGALNABGrafik NAB Reksa Dana BIG 28 Des 06 - Maret 2007

NILAI AKTIVA BERSIH PER UNIT (NAB) BIG DANA LIKUID SEJAK INCEPTION SAMPAI 16 MARET 20071,0001,1001,2001,3001,4001,5001,6003-Dec-0121-Feb-038-May-04TANGGALNAB(Rp/Unit)BIG DANA LIKUID16-Mar-Chart210001000.04246575271000.30833799741000.7257054141001.1410780641001.5564319581001.9717670641002.3870833961002.8023809461003.2176597281003.6329197381004.0481609741004.46338341004.8785871361005.2937720621005.708938221006.124085611006.5392142321006.9543240881007.369415181007.7844875081008.199541071008.6145758721009.029591911009.4445891881009.8595677061011.1043907061011.9341789221012.31205509381012.68173560431013.0909334881013.34804611561013.5746121561013.98453507651014.39443946431014.8043253231015.21419265441015.62397030081016.03372942551016.44347002471016.85319210211017.26289565771017.67258069341018.08224720911018.49189520481018.90152468241019.27561141241019.6496812331020.02373414211020.39127566051020.74643767321021.10156095981021.45666819371021.80656936891022.03300993651022.25079043251022.62044884451023.02006697441023.38969444361023.75930520281024.12889925361024.49867093061024.86323588641025.08107573531025.44208935861025.83486618171026.22762524981026.62036656291027.01309012271027.40579592921027.7984239151028.19103415111028.58362664071028.97620138231029.36875837751033.2213016051033.64997221511034.08291401951034.51583625151034.94873891481035.10418373451035.25970657521035.6830477121036.1321788541036.5780131381040.0186855741040.439201611040.8596986381041.2801766581047.6575288141048.0430769021048.7598547521049.1424741261049.5250762061049.9076609881050.2902284761050.672778671051.0553115721051.4327607291051.98597783231052.35032825231052.7146622031053.07897968321053.43337312661053.79259488631054.14600310311054.5441505181054.94706377061055.35006582991055.75315683041056.15353299171056.56921447971056.98929766741057.40946959361057.82973039561058.25008021171058.68660554911059.10713515831059.52775419931059.94841500291060.36916551971060.79000589011061.2109362551061.63195675471062.04869946411062.47501403831062.9013777881063.3278242871063.75435366911064.18096606451064.60766160631065.03444042811065.45435157241065.891066.32388170331066.75749244211067.19118306981067.62495371321068.0588045011068.49273556081068.92674702041069.36083901011069.79501165671070.22926509071070.66359944061071.44556932941071.75949504811072.13308959121072.54741383171072.97243524431073.39766820641073.85315483831074.27881625251074.70469009811075.13077666971075.55707626341075.98358917491076.41031570111076.83725614021077.26441078751077.69177994381078.11719169131079.70234514581080.1299821971080.55338780451081.02460171771082.7991083.2711083.7391084.2071084.67502443141085.14370296421085.6081495971086.01155383691086.44337103641086.87516871551087.31326481541087.74502993031088.17677552581089.45100476821089.89815773161090.34529048111090.79240301771091.23949534241092.99009318131093.43688979271094.1010841311094.5445566471094.99231987011095.44006285241095.85976928371096.27945674231096.69910255651097.11872939991097.53833727411097.95792617991098.37749611741098.79704708831099.21657909341099.54914178931099.8782412911100.34364332921100.8147135461101.2857624671101.75746333361102.22846626651102.6993830971103.17027863871103.64115289311104.1120058621104.58283754541105.0536479451105.52443706091105.99520489471106.28449502331106.57119592531107.06020341631107.54918880121108.03815208151108.52724045261109.01630671491109.51597013491110.01243154381110.51149999911111.01054589351111.50956922811112.00857000461112.50754822341113.00650388551113.50543699221114.00434754431114.5032355431115.38677103791118.83545971631119.24677091211119.63588222231119.98365167091120.4306240321120.8775761871121.3219987291121.76722846111122.20984318841122.66811369691123.12636348891123.58458478811124.04278537291124.50096524491124.95912440461125.41726282971125.87516209471126.33267588661126.79016899681127.24764142531127.7102829291128.17290351791128.63550319421129.09808195891129.56063981211130.02317675511130.48569278871130.94818677291143.82573468221144.35209074371144.82415417261145.32044014711145.81670368691146.31294479291146.8226468021147.29130251481147.76009557891148.22587849711148.72092228041149.21594368471149.71094271121150.20591936121150.67464663821151.171151.6371152.10469017191152.57203674081153.03936218261153.53453588391154.00329873151154.49117234181154.97902364571155.45896452711155.95439134991156.35571952061156.75702954941157.15832143651157.55959518291157.96085078981158.92643716451159.42199508981159.91753061341160.41304373581160.80410304391161.20239054371161.51348193331161.84807081711162.18264457541162.51720320921162.77274922581163.10397563951163.43849586451163.74642264131164.04447627781164.39220917731164.74337816321165.09453127461165.44648674081165.7984248971166.71505407291167.07377036941167.43285747411167.79192839431168.1509830681168.50752169961168.86361449841169.16235482021169.56446726741169.96656153681170.36863762961171.73045332511172.13263895161172.53480639721173.0176142761173.55090327161173.89285654951174.37001521021174.84715230071175.32360094671175.8007959231176.27966500711176.7433876311177.20538817791177.66736784021178.12932661811178.8089851121179.51351884171180.03836406321180.6581183541181.21659560331181.77504760671181.84125438041182.33371295511182.84259414941183.3372848161183.82991056271184.32251404031184.81509524931185.30765419091185.74490240581186.18213085391186.61578531891186.84647280321187.38870737981187.7842514911188.17977772111188.56370243531189.0621703611189.48353929351189.90488917721190.3262200141190.74753180421191.16882454841191.59009824821192.00937179191198.13559080611195.41845524161195.76006201481196.10165334631196.44322923521196.87665913271197.13691069881197.39236263751197.80910119881198.22582092091198.64252180551199.05633113461199.4803401131199.90432992471200.32830056851200.69080779591201.11498529661201.53914358831201.96328277371201.87789444421202.40016948911202.94911324351203.47136723721203.99350544211204.51562004291205.03771104231203.76278479611206.07975170151206.59563871861207.11637982721207.63711471241208.15779138511208.67846191821209.1994738051209.71680906721210.22897789871210.7938191351211.28948486121211.78512818021212.22347303151212.6293558471213.04677968571213.52166746981213.99653378591214.47137863511214.94620201941215.42100393841215.90779277231216.36803544271216.82036419991216.771897651217.22591989731217.67992162031218.16768181691218.61998224121219.06491668791219.50275008141219.93014153521220.37742187851220.82468200221221.27192190751221.7539330971222.23680548251222.67100838181223.17875845451223.71708481781224.25538684581224.49169746521224.90770511161225.33315235891225.75828639041226.13965086751226.57337671571227.00708295721227.31348079361227.93160595581228.80547755571229.75737848861231.40772937991231.82300192131232.23825569021232.65349068751233.17927439251233.58912231471234.02926055731234.4730182981234.92169889841235.37035921591235.81582675591236.26131407571236.68291452721237.29583736781237.74865510211238.20624329731238.66381080711239.10784354641239.55845125461240.01008187561240.44236768121240.89614736041241.35042608741241.80468427841242.2300884621242.67184536041243.18818927341243.68929555361244.19048898571244.69422343771245.1979351181245.29899226661245.73365423781246.1635858831246.61009532961247.05647086661247.50466323941247.95283535141248.39423736251248.79839285031249.17991798871249.39905942921249.861250.32233135851250.78492781731251.251251.6991252.1671252.6351253.1071253.5781254.051254.4981254.9681255.0971255.6511256.3151256.97977104021257.64486232631258.4371258.861259.4231259.87695602561260.3391260.80105691341261.26343814481261.7281262.151262.5921263.0331263.4741263.93393502031264.39391938371264.7991265.2381265.6761266.11800130531266.55974789691267.00147451911267.44318117291267.8831268.3251268.7681269.2081269.7921270.37917434821270.96653482041271.5331272.0891272.651273.2311273.81217961411273.82679340681274.7061275.1411275.5761276.0091276.2921277.5141277.8961278.1361278.711279.1281279.5471279.9661280.3851280.8051281.2241281.6421282.0571282.48045462481282.90354952711283.4871284.0691284.6471285.1641285.7431286.3231286.9031287.4831287.9421288.3671288.7931289.2751289.7571290.241290.7171291.2051291.6891292.1571292.6521293.12871293861293.6051294.0781294.5021294.9331295.3441295.7711296.1991296.6271297.0551297.4911297.7921298.2041298.6451299.0911299.5361300.0971300.6681301.2481301.3851301.8361302.2761302.7151303.1531303.5831304.021304.4621304.8991305.3351305.7711306.2066184091306.6422685471307.07503814221307.65698713961308.11939588111308.62236047071309.12530232361309.62822144071310.08097580651310.57921075251311.06851419771311.56429814171312.06134020631312.55835980191313.05054640391313.54338020141314.04412976311314.53070082781315.02266274251315.46052125151315.45010889491315.8921316.3131316.731317.1471317.5711318.00804830091318.4451318.8821319.3231319.7621320.1941320.6311321.06827228131321.5061321.941322.3771322.8251323.2741323.7731324.1587460761324.61325.0411325.4771325.9181326.3571327.0721327.51183708871327.9511328.3241328.7591329.1961329.6641330.0851330.5141330.9431331.3711331.7981332.2281332.6561333.0881333.5211333.9541334.3871334.8221335.2581335.6821336.1031336.5251336.9471337.4181337.8331338.2721338.6851339.1321339.5821340.0311340.4621340.9181341.3581342.0441342.0191342.4641342.9091343.3681343.8181344.2761344.7291345.1741345.61827434961346.0631346.5061346.9491347.321347.7671348.1291348.5951349.061349.5321349.8721350.3311350.7591351.1931351.6281352.0641352.4991352.9341353.3691353.8041354.2391354.6741355.1091355.5531355.9911356.4331356.8711357.3061357.7431358.1851358.5931359.0841359.521359.8691360.3081360.7491361.191361.641362.0831362.5181362.9641363.4341363.90878799851364.3831364.8571365.3991365.84853504291366.29845723131366.751367.2011367.6521368.1351368.5781368.5531368.9941369.4611369.9081370.3541370.81371.2061371.5581371.9361372.311372.6861373.0621373.4991373.9391374.3871374.8171375.2511375.6971376.1431376.5871377.0341377.4791377.9263765311378.3661378.80891066071379.2521379.6941380.1381380.5781381.0141381.4421381.4311381.8591382.2861382.7251383.151383.5641383.9941384.4021384.811385.1931385.5881386.0081386.4531386.9041387.341387.7761388.1661388.5851389.0181389.4531389.8811390.3181390.7541391.191391.6221392.0571392.491392.9211393.3571394.2791394.6991395.161395.62087084031396.0681396.5151396.9631397.4121397.8431398.2741398.711399.1451399.5781400.0211400.4651400.8831401.3181401.7571402.1931402.6261403.06836566791403.51027409681403.9521404.361404.791405.2211405.6531406.08602075511406.5191406.9441407.3731407.3321407.7651408.1761408.5871408.9991409.411409.821410.2621410.7641411.23161311871411.69917351341412.1671412.6111413.2841413.9281414.4011414.8261415.2591415.6921416.1531416.6041417.0291417.4231417.8611418.3061418.7141419.1161419.5231420.031420.5381421.0471421.55555954551421.97666824611422.3971422.8641423.2841423.7061424.131424.55331659381424.9771425.4011425.831426.2681427.0491427.4771427.90399408371428.3311428.7661429.2311429.7691430.1941430.6161431.0391431.4631431.8841432.3051432.7251433.2091433.6251434.051434.4751434.491434.9431435.4391435.9351436.3591436.79197022081437.2251437.6521438.0691438.5051438.9291439.4741439.90881592951440.3441440.7691441.2441441.7151442.2021442.6771443.16460478111443.65179708941444.1181444.5771445.0411445.4731445.9041446.3371446.7711447.1951447.6261448.0541448.4821448.9031449.3291449.7551450.1811450.5781450.9851451.4011451.8121452.2371452.6611453.081453.4921453.9341454.3761454.831455.2671455.7051456.1341456.6261457.1181457.5911458.0741458.6081459.1421459.8671460.3011460.7351461.1691461.6041461.5571461.9911462.4331462.881463.3251463.7681464.2071464.6491465.0911465.5351465.9741466.4141466.8491467.2841467.721468.1551468.5871469.0281469.4811469.9281470.3811470.8371471.2941471.7331472.1761472.6851473.2661473.9491474.3741474.7981475.241475.3821475.8531476.3091476.7631477.2181477.6731478.1451478.61479.0451479.4911479.941480.3881480.8361481.2851481.7331482.1911482.64131483.0981483.561484.0221484.4841484.9091485.3691485.8291486.2981486.7541487.2091487.6541488.1011488.5511489.0021489.4611489.9131490.3641490.9491491.5271492.1011492.5371492.991493.4441493.8981494.351494.6981495.1451495.5831496.5181497.0981497.5481497.9831498.4151498.8761499.3291499.7851500.2431500.7031501.151501.611501.961502.4131502.8691503.3211503.2661503.8781504.3391504.7841505.2321505.67537101081506.1241506.5731507.0211507.6741508.1311508.5691509.0151509.4631509.911510.3581510.8051511.2531511.71512.1481512.5951513.0431513.4621514.1261516.0941516.551516.9921517.4311517.8691518.3041519.0331519.3331519.7351520.1811520.6071521.0331521.51521.9291522.3641522.8031523.2541523.69934265941524.1451524.6321525.1831525.5171525.961526.4381526.8931527.3491527.8421528.311528.7781529.2871530.0071530.7371531.4661532.0841532.7491533.5151534.0591534.0051534.4611534.9181535.3731535.8281536.2821536.7341537.1851537.6291538.0731538.5481539.0091539.4551540.0111540.6321541.0871541.5411541.9951542.471543.1531543.6051544.0761544.5471545.0181545.7471546.6631547.8851548.7531549.5741550.49911464441551.2151551.6411552.2181552.7871553.3521553.9431554.5231555.1041555.6411556.1831556.7261557.2691557.7931558.331558.8671559.4011559.9611560.5261561.0971561.6691562.2131562.7571563.2931564.7411566.1881567.4891568.8071568.83859628111570.00198752721573.1321574.4861575.3571576.4971577.3731577.8271578.2821579.681580.6831581.0231582.2261582.6871583.1481583.6091584.5241585.2151585.4881586.071586.4511586.89696554211587.34279068991587.8471588.091588.2991588.5581589.00817573161589.45850523361589.90882741931590.1711590.3791590.7581590.8551591.031591.49273335451591.95581719521591.3361590.1811590.4361590.9411591.2551591.71907285221592.1831591.9071592.5031592.8291593.521593.9161594.37885259941594.84144418531595.2161595.6751595.7371595.9161596.37869249971596.84144556411597.3041923531597.8361598.361598.8821599.41599.9631600.4165530126384731601.1261601.5771601.82384771602.90238479384801604.2851604.7551605.2441605.6681606.0438486384871607.5411607.8811608.3431608.731609.1938493384941610.524384961611.2821611.391611.8521612.3041612.7551613.2031613.2361613.5431613.7661614.559385071615.4561615.8791616.3491616.8581617.3011617.783385141618.71619.1631619.6441620.1181620.5771620.956385211621.8891621.2221622.291622.4881623.2071623.67138528385291624.881624.9481625.3511625.7291626.3331626.51626.7441627.6391628.2711628.77738542385431631.9611630.1971630.5751631.0561631.53638549385501632.781633.2991633.6171634.211634.6241636.0431636.5281636.8751637.3091637.4871637.5471637.6741637.8361637.9061638.4371639.5931640.1881640.2451641.0451641.12838577385781642.4791642.569385811643.7471644.25638584385851645.691646.221646.6161647.1031647.55938591385921648.9011649.3071649.3191649.4421649.4421649.4421649.4421330.641331.8281331.9661331.9871333.3461335.5241336.1851336.57213371337.39838612386131339.0361339.4651339.841340.6741340.94438619386201342.2751342.7471343.1391343.5591343.97238626386271345.5461346.0581346.3531346.7321347.05138633386341348.1921348.7051349.2191349.2191350.23438640386411351.7871352.3051352.612386451353.6441355.1181355.8571356.5371356.8611357.51358.511359.25386583865938660386613866238663386641363.251363.751364.3241365.7131366.1931366.671367.0991367.6391369.1121369.6071370.0641370.5211371.0151372.5171372.9481373.4221373.981374.4671375.9041376.3851376.8661377.3471377.8281379.2711379.7541380.2361380.7221381.2061382.6581383.1441383.6271384.0991384.5811386.5191386.9791387.481388.871389.3561389.8441390.3351390.8221392.2841393.2571393.7311394.2241395.6981396.1691396.661397.1511383.1441399.1221399.6171400.0791400.5781401.0791402.5821403.0171403.5181404.0121405.5041405.9981406.5691407.0271407.5121409.0111409.5061410.0291410.5461411.0481413.0821413.5691414.0621414.5541415.0631416.5441418.1371418.6331419.1281419.6221421.1111421.5871422.081423.5521424.0421425.5111426.0211426.521427.0981427.5931429.0791429.5751430.2931430.7891431.2861432.7821433.2941433.8011434.2421435.7461436.251436.7471437.2451437.8811439.9431440.4261440.9231443.0421443.431443.9471444.451444.9531446.4641446.9731447.4781447.9831448.4931450.0031450.4981451.0291451.5231452.0321453.7911454.141454.6391455.1461455.6491457.1681457.6841458.1881458.6861459.1841460.9561461.4341461.9391464.61465.1051465.1931465.7271466.2311467.7431468.2531468.7591469.2641469.771471.6381471.7981472.3771472.8821473.3871474.9121475.4131475.9241476.3941476.9311478.4461478.9581479.4781479.981480.4951481.7261482.2381482.7671483.2761483.7851486.0821486.6011487.1031487.6441488.151489.7041490.2231490.7431491.2661491.7891493.4361493.9521495.1231495.7641496.2781497.2521497.7741498.2831498.8051499.3211500.0071500.6311501.1471501.6641502.1811503.7591504.2381504.7561507.9211508.4441508.9411509.4581511.0211511.5551512.0861512.4081512.9421514.5181515.061515.5941516.111516.6771518.231518.9471519.5231520.1761520.8281522.3981523.0531523.8221524.3451524.8691526.531527.0451527.7591528.3981529.561531.2051532.0171532.6381533.2981533.9361535.6031536.1431536.8121537.5081538.5041539.9261542.7641545.0281546.3841547.4661553.5791554.1421554.9521556.161556.6681561.0721562.4151562.9131563.9161564.8791566.5551567.1161568.2971569.6331571.8771573.941574.8961576.3241577.0481577.841579.4541580.2041581.0911581.9611582.341583.631584.3991585.1051585.6371586.2881588.1131588.391588.8031589.1551591.4671592.8061594.4711596.0831605.571609.7631614.1011616.5441618.1951621.3311626.4091626.7211627.3981628.9331629.3361630.0241630.3291631.0961632.4761632.9171633.4771634.0591635.5751641.4681641.4681642.2961642.7681642.7681642.8281643.2221644.6291645.1971645.2831645.8671646.2881647.8811648.4781649.0921649.6711650.271651.8251653.7671654.5571655.131655.5921657.821658.541659.1931659.7811660.4371661.8191662.3961663.342

16-Mar-05BIG DANA LIKUIDTANGGALNAB(Rp/Unit)NILAI AKTIVA BERSIH PER UNIT (NAB) BIG DANA LIKUID SEJAK INCEPTION SAMPAI 16 MARET 2007

BIG Dana Likuid BIG DANA LIKUID1 Bulan Terakhir16-Feb-0716-Mar-07Return1,655.5921,675.6061.209%1 Tahun Terakhir16-Mar-0616-Mar-07Return1,427.0981,675.60617.414%Sejak Inception3-Dec-0116-Mar-07Return1,000.0001,675.60667.561%

BIG Dana Likuid 10001000.04246575271000.30833799741000.7257054141001.1410780641001.5564319581001.9717670641002.3870833961002.8023809461003.2176597281003.6329197381004.0481609741004.46338341004.8785871361005.2937720621005.708938221006.124085611006.5392142321006.9543240881007.369415181007.7844875081008.199541071008.6145758721009.029591911009.4445891881009.8595677061011.1043907061011.9341789221012.31205509381012.68173560431013.0909334881013.34804611561013.5746121561013.98453507651014.39443946431014.8043253231015.21419265441015.62397030081016.03372942551016.44347002471016.85319210211017.26289565771017.67258069341018.08224720911018.49189520481018.90152468241019.27561141241019.6496812331020.02373414211020.39127566051020.74643767321021.10156095981021.45666819371021.80656936891022.03300993651022.25079043251022.62044884451023.02006697441023.38969444361023.75930520281024.12889925361024.49867093061024.86323588641025.08107573531025.44208935861025.83486618171026.22762524981026.62036656291027.01309012271027.40579592921027.7984239151028.19103415111028.58362664071028.97620138231029.36875837751033.2213016051033.64997221511034.08291401951034.51583625151034.94873891481035.10418373451035.25970657521035.6830477121036.1321788541036.5780131381040.0186855741040.439201611040.8596986381041.2801766581047.6575288141048.0430769021048.7598547521049.1424741261049.5250762061049.9076609881050.2902284761050.672778671051.0553115721051.4327607291051.98597783231052.35032825231052.7146622031053.07897968321053.43337312661053.79259488631054.14600310311054.5441505181054.94706377061055.35006582991055.75315683041056.15353299171056.56921447971056.98929766741057.40946959361057.82973039561058.25008021171058.68660554911059.10713515831059.52775419931059.94841500291060.36916551971060.79000589011061.2109362551061.63195675471062.04869946411062.47501403831062.9013777881063.3278242871063.75435366911064.18096606451064.60766160631065.03444042811065.45435157241065.891066.32388170331066.75749244211067.19118306981067.62495371321068.0588045011068.49273556081068.92674702041069.36083901011069.79501165671070.22926509071070.66359944061071.44556932941071.75949504811072.13308959121072.54741383171072.97243524431073.39766820641073.85315483831074.27881625251074.70469009811075.13077666971075.55707626341075.98358917491076.41031570111076.83725614021077.26441078751077.69177994381078.11719169131079.70234514581080.1299821971080.55338780451081.02460171771082.7991083.2711083.7391084.2071084.67502443141085.14370296421085.6081495971086.01155383691086.44337103641086.87516871551087.31326481541087.74502993031088.17677552581089.45100476821089.89815773161090.34529048111090.79240301771091.23949534241092.99009318131093.43688979271094.1010841311094.5445566471094.99231987011095.44006285241095.85976928371096.27945674231096.69910255651097.11872939991097.53833727411097.95792617991098.37749611741098.79704708831099.21657909341099.54914178931099.8782412911100.34364332921100.8147135461101.2857624671101.75746333361102.22846626651102.6993830971103.17027863871103.64115289311104.1120058621104.58283754541105.0536479451105.52443706091105.99520489471106.28449502331106.57119592531107.06020341631107.54918880121108.03815208151108.52724045261109.01630671491109.51597013491110.01243154381110.51149999911111.01054589351111.50956922811112.00857000461112.50754822341113.00650388551113.50543699221114.00434754431114.5032355431115.38677103791118.83545971631119.24677091211119.63588222231119.98365167091120.4306240321120.8775761871121.3219987291121.76722846111122.20984318841122.66811369691123.12636348891123.58458478811124.04278537291124.50096524491124.95912440461125.41726282971125.87516209471126.33267588661126.79016899681127.24764142531127.7102829291128.17290351791128.63550319421129.09808195891129.56063981211130.02317675511130.48569278871130.94818677291143.82573468221144.35209074371144.82415417261145.32044014711145.81670368691146.31294479291146.8226468021147.29130251481147.76009557891148.22587849711148.72092228041149.21594368471149.71094271121150.20591936121150.67464663821151.171151.6371152.10469017191152.57203674081153.03936218261153.53453588391154.00329873151154.49117234181154.97902364571155.45896452711155.95439134991156.35571952061156.75702954941157.15832143651157.55959518291157.96085078981158.92643716451159.42199508981159.91753061341160.41304373581160.80410304391161.20239054371161.51348193331161.84807081711162.18264457541162.51720320921162.77274922581163.10397563951163.43849586451163.74642264131164.04447627781164.39220917731164.74337816321165.09453127461165.44648674081165.7984248971166.71505407291167.07377036941167.43285747411167.79192839431168.1509830681168.50752169961168.86361449841169.16235482021169.56446726741169.96656153681170.36863762961171.73045332511172.13263895161172.53480639721173.0176142761173.55090327161173.89285654951174.37001521021174.84715230071175.32360094671175.8007959231176.27966500711176.7433876311177.20538817791177.66736784021178.12932661811178.8089851121179.51351884171180.03836406321180.6581183541181.21659560331181.77504760671181.84125438041182.33371295511182.84259414941183.3372848161183.82991056271184.32251404031184.81509524931185.30765419091185.74490240581186.18213085391186.61578531891186.84647280321187.38870737981187.7842514911188.17977772111188.56370243531189.0621703611189.48353929351189.90488917721190.3262200141190.74753180421191.16882454841191.59009824821192.00937179191198.13559080611195.41845524161195.76006201481196.10165334631196.44322923521196.87665913271197.13691069881197.39236263751197.80910119881198.22582092091198.64252180551199.05633113461199.4803401131199.90432992471200.32830056851200.69080779591201.11498529661201.53914358831201.96328277371201.87789444421202.40016948911202.94911324351203.47136723721203.99350544211204.51562004291205.03771104231203.76278479611206.07975170151206.59563871861207.11637982721207.63711471241208.15779138511208.67846191821209.1994738051209.71680906721210.22897789871210.7938191351211.28948486121211.78512818021212.22347303151212.6293558471213.04677968571213.52166746981213.99653378591214.47137863511214.94620201941215.42100393841215.90779277231216.36803544271216.82036419991216.771897651217.22591989731217.67992162031218.16768181691218.61998224121219.06491668791219.50275008141219.93014153521220.37742187851220.82468200221221.27192190751221.7539330971222.23680548251222.67100838181223.17875845451223.71708481781224.25538684581224.49169746521224.90770511161225.33315235891225.75828639041226.13965086751226.57337671571227.00708295721227.31348079361227.93160595581228.80547755571229.75737848861231.40772937991231.82300192131232.23825569021232.65349068751233.17927439251233.58912231471234.02926055731234.4730182981234.92169889841235.37035921591235.81582675591236.26131407571236.68291452721237.29583736781237.74865510211238.20624329731238.66381080711239.10784354641239.55845125461240.01008187561240.44236768121240.89614736041241.35042608741241.80468427841242.2300884621242.67184536041243.18818927341243.68929555361244.19048898571244.69422343771245.1979351181245.29899226661245.73365423781246.1635858831246.61009532961247.05647086661247.50466323941247.95283535141248.39423736251248.79839285031249.17991798871249.39905942921249.861250.32233135851250.78492781731251.251251.6991252.1671252.6351253.1071253.5781254.051254.4981254.9681255.0971255.6511256.3151256.97977104021257.64486232631258.4371258.861259.4231259.87695602561260.3391260.80105691341261.26343814481261.7281262.151262.5921263.0331263.4741263.93393502031264.39391938371264.7991265.2381265.6761266.11800130531266.55974789691267.00147451911267.44318117291267.8831268.3251268.7681269.2081269.7921270.37917434821270.96653482041271.5331272.0891272.651273.2311273.81217961411273.82679340681274.7061275.1411275.5761276.0091276.2921277.5141277.8961278.1361278.711279.1281279.5471279.9661280.3851280.8051281.2241281.6421282.0571282.48045462481282.90354952711283.4871284.0691284.6471285.1641285.7431286.3231286.9031287.4831287.9421288.3671288.7931289.2751289.7571290.241290.7171291.2051291.6891292.1571292.6521293.12871293861293.6051294.0781294.5021294.9331295.3441295.7711296.1991296.6271297.0551297.4911297.7921298.2041298.6451299.0911299.5361300.0971300.6681301.2481301.3851301.8361302.2761302.7151303.1531303.5831304.021304.4621304.8991305.3351305.7711306.2066184091306.6422685471307.07503814221307.65698713961308.11939588111308.62236047071309.12530232361309.62822144071310.08097580651310.57921075251311.06851419771311.56429814171312.06134020631312.55835980191313.05054640391313.54338020141314.04412976311314.53070082781315.02266274251315.46052125151315.45010889491315.8921316.3131316.731317.1471317.5711318.00804830091318.4451318.8821319.3231319.7621320.1941320.6311321.06827228131321.5061321.941322.3771322.8251323.2741323.7731324.1587460761324.61325.0411325.4771325.9181326.3571327.0721327.51183708871327.9511328.3241328.7591329.1961329.6641330.0851330.5141330.9431331.3711331.7981332.2281332.6561333.0881333.5211333.9541334.3871334.8221335.2581335.6821336.1031336.5251336.9471337.4181337.8331338.2721338.6851339.1321339.5821340.0311340.4621340.9181341.3581342.0441342.0191342.4641342.9091343.3681343.8181344.2761344.7291345.1741345.61827434961346.0631346.5061346.9491347.321347.7671348.1291348.5951349.061349.5321349.8721350.3311350.7591351.1931351.6281352.0641352.4991352.9341353.3691353.8041354.2391354.6741355.1091355.5531355.9911356.4331356.8711357.3061357.7431358.1851358.5931359.0841359.521359.8691360.3081360.7491361.191361.641362.0831362.5181362.9641363.4341363.90878799851364.3831364.8571365.3991365.84853504291366.29845723131366.751367.2011367.6521368.1351368.5781368.5531368.9941369.4611369.9081370.3541370.81371.2061371.5581371.9361372.311372.6861373.0621373.4991373.9391374.3871374.8171375.2511375.6971376.1431376.5871377.0341377.4791377.9263765311378.3661378.80891066071379.2521379.6941380.1381380.5781381.0141381.4421381.4311381.8591382.2861382.7251383.151383.5641383.9941384.4021384.811385.1931385.5881386.0081386.4531386.9041387.341387.7761388.1661388.5851389.0181389.4531389.8811390.3181390.7541391.191391.6221392.0571392.491392.9211393.3571394.2791394.6991395.161395.62087084031396.0681396.5151396.9631397.4121397.8431398.2741398.711399.1451399.5781400.0211400.4651400.8831401.3181401.7571402.1931402.6261403.06836566791403.51027409681403.9521404.361404.791405.2211405.6531406.08602075511406.5191406.9441407.3731407.3321407.7651408.1761408.5871408.9991409.411409.821410.2621410.7641411.23161311871411.69917351341412.1671412.6111413.2841413.9281414.4011414.8261415.2591415.6921416.1531416.6041417.0291417.4231417.8611418.3061418.7141419.1161419.5231420.031420.5381421.0471421.55555954551421.97666824611422.3971422.8641423.2841423.7061424.131424.55331659381424.9771425.4011425.831426.2681427.0491427.4771427.90399408371428.3311428.7661429.2311429.7691430.1941430.6161431.0391431.4631431.8841432.3051432.7251433.2091433.6251434.051434.4751434.491434.9431435.4391435.9351436.3591436.79197022081437.2251437.6521438.0691438.5051438.9291439.4741439.90881592951440.3441440.7691441.2441441.7151442.2021442.6771443.16460478111443.65179708941444.1181444.5771445.0411445.4731445.9041446.3371446.7711447.1951447.6261448.0541448.4821448.9031449.3291449.7551450.1811450.5781450.9851451.4011451.8121452.2371452.6611453.081453.4921453.9341454.3761454.831455.2671455.7051456.1341456.6261457.1181457.5911458.0741458.6081459.1421459.8671460.3011460.7351461.1691461.6041461.5571461.9911462.4331462.881463.3251463.7681464.2071464.6491465.0911465.5351465.9741466.4141466.8491467.2841467.721468.1551468.5871469.0281469.4811469.9281470.3811470.8371471.2941471.7331472.1761472.6851473.2661473.9491474.3741474.7981475.241475.3821475.8531476.3091476.7631477.2181477.6731478.1451478.61479.0451479.4911479.941480.3881480.8361481.2851481.7331482.1911482.64131483.0981483.561484.0221484.4841484.9091485.3691485.8291486.2981486.7541487.2091487.6541488.1011488.5511489.0021489.4611489.9131490.3641490.9491491.5271492.1011492.5371492.991493.4441493.8981494.351494.6981495.1451495.5831496.5181497.0981497.5481497.9831498.4151498.8761499.3291499.7851500.2431500.7031501.151501.611501.961502.4131502.8691503.3211503.2661503.8781504.3391504.7841505.2321505.67537101081506.1241506.5731507.0211507.6741508.1311508.5691509.0151509.4631509.911510.3581510.8051511.2531511.71512.1481512.5951513.0431513.4621514.1261516.0941516.551516.9921517.4311517.8691518.3041519.0331519.3331519.7351520.1811520.6071521.0331521.51521.9291522.3641522.8031523.2541523.69934265941524.1451524.6321525.1831525.5171525.961526.4381526.8931527.3491527.8421528.311528.7781529.2871530.0071530.7371531.4661532.0841532.7491533.5151534.0591534.0051534.4611534.9181535.3731535.8281536.2821536.7341537.1851537.6291538.0731538.5481539.0091539.4551540.0111540.6321541.0871541.5411541.9951542.471543.1531543.6051544.0761544.5471545.0181545.7471546.6631547.8851548.7531549.5741550.49911464441551.2151551.6411552.2181552.7871553.3521553.9431554.5231555.1041555.6411556.1831556.7261557.2691557.7931558.331558.8671559.4011559.9611560.5261561.0971561.6691562.2131562.7571563.2931564.7411566.1881567.4891568.8071568.83859628111570.00198752721573.1321574.4861575.3571576.4971577.3731577.8271578.2821579.681580.6831581.0231582.2261582.6871583.1481583.6091584.5241585.2151585.4881586.071586.4511586.89696554211587.34279068991587.8471588.091588.2991588.5581589.00817573161589.45850523361589.90882741931590.1711590.3791590.7581590.8551591.031591.49273335451591.95581719521591.3361590.1811590.4361590.9411591.2551591.71907285221592.1831591.9071592.5031592.8291593.521593.9161594.37885259941594.84144418531595.2161595.6751595.7371595.9161596.37869249971596.84144556411597.3041923531597.8361598.361598.8821599.41599.9631600.4165530126384731601.1261601.5771601.82384771602.90238479384801604.2851604.7551605.2441605.6681606.0438486384871607.5411607.8811608.3431608.731609.1938493384941610.524384961611.2821611.391611.8521612.3041612.7551613.2031613.2361613.5431613.7661614.559385071615.4561615.8791616.3491616.8581617.3011617.783385141618.71619.1631619.6441620.1181620.5771620.956385211621.8891621.2221622.291622.4881623.2071623.67138528385291624.881624.9481625.3511625.7291626.3331626.51626.7441627.6391628.2711628.77738542385431631.9611630.1971630.5751631.0561631.53638549385501632.781633.2991633.6171634.211634.6241636.0431636.5281636.8751637.3091637.4871637.5471637.6741637.8361637.9061638.4371639.5931640.1881640.2451641.0451641.12838577385781642.4791642.569385811643.7471644.25638584385851645.691646.221646.6161647.1031647.55938591385921648.9011649.3071649.3191649.4421649.4421649.4421649.4421330.641331.8281331.9661331.9871333.3461335.5241336.1851336.57213371337.39838612386131339.0361339.4651339.841340.6741340.94438619386201342.2751342.7471343.1391343.5591343.97238626386271345.5461346.0581346.3531346.7321347.05138633386341348.1921348.7051349.2191349.2191350.23438640386411351.7871352.3051352.612386451353.6441355.1181355.8571356.5371356.8611357.51358.511359.25386583865938660386613866238663386641363.251363.751364.3241365.7131366.1931366.671367.0991367.6391369.1121369.6071370.0641370.5211371.0151372.5171372.9481373.4221373.981374.4671375.9041376.3851376.8661377.3471377.8281379.2711379.7541380.2361380.7221381.2061382.6581383.1441383.6271384.0991384.5811386.5191386.9791387.481388.871389.3561389.8441390.3351390.8221392.2841393.2571393.7311394.2241395.6981396.1691396.661397.1511383.1441399.1221399.6171400.0791400.5781401.0791402.5821403.0171403.5181404.0121405.5041405.9981406.5691407.0271407.5121409.0111409.5061410.0291410.5461411.0481413.0821413.5691414.0621414.5541415.0631416.5441418.1371418.6331419.1281419.6221421.1111421.5871422.081423.5521424.0421425.5111426.0211426.521427.0981427.5931429.0791429.5751430.2931430.7891431.2861432.7821433.2941433.8011434.2421435.7461436.251436.7471437.2451437.8811439.9431440.4261440.9231443.0421443.431443.9471444.451444.9531446.4641446.9731447.4781447.9831448.4931450.0031450.4981451.0291451.5231452.0321453.7911454.141454.6391455.1461455.6491457.1681457.6841458.1881458.6861459.1841460.9561461.4341461.9391464.61465.1051465.1931465.7271466.2311467.7431468.2531468.7591469.2641469.771471.6381471.7981472.3771472.8821473.3871474.9121475.4131475.9241476.3941476.9311478.4461478.9581479.4781479.981480.4951481.7261482.2381482.7671483.2761483.7851486.0821486.6011487.1031487.6441488.151489.7041490.2231490.7431491.2661491.7891493.4361493.9521495.1231495.7641496.2781497.2521497.7741498.2831498.8051499.3211500.0071500.6311501.1471501.6641502.1811503.7591504.2381504.7561507.9211508.4441508.9411509.4581511.0211511.5551512.0861512.4081512.9421514.5181515.061515.5941516.111516.6771518.231518.9471519.5231520.1761520.8281522.3981523.0531523.8221524.3451524.8691526.531527.0451527.7591528.3981529.561531.2051532.0171532.6381533.2981533.9361535.6031536.1431536.8121537.5081538.5041539.9261542.7641545.0281546.3841547.4661553.5791554.1421554.9521556.161556.6681561.0721562.4151562.9131563.9161564.8791566.5551567.1161568.2971569.6331571.8771573.941574.8961576.3241577.0481577.841579.4541580.2041581.0911581.9611582.341583.631584.3991585.1051585.6371586.2881588.1131588.391588.8031589.1551591.4671592.8061594.4711596.0831605.571609.7631614.1011616.5441618.1951621.3311626.4091626.7211627.3981628.9331629.3361630.0241630.3291631.0961632.4761632.9171633.4771634.0591635.5751641.4681641.4681642.2961642.7681642.7681642.8281643.2221644.6291645.1971645.2831645.8671646.2881647.8811648.4781649.0921649.6711650.271651.8251653.7671654.5571655.131655.5921657.821658.541659.1931659.7811660.4371661.8191662.3961663.342

16-Mar-05BIG DANA LIKUIDTANGGALNAB(Rp/Unit)NILAI AKTIVA BERSIH PER UNIT (NAB) BIG DANA LIKUID SEJAK INCEPTION SAMPAI 16 MARET 2007

BIG Dana Likuid SatuBIG DANA LIKUID SATU1 Bulan Terakhir16-Feb-0716-Mar-07Return1,014.2901,025.3451.090%Sejak Inception3-Jan-0716-Mar-07Return1,000.0001,025.3452.535%

BIG Dana Likuid Satu10001000.6771000.9591001.8051002.0871002.3681002.5121002.8241003.7391004.0421004.3531004.7541005.1521006.1191006.3821006.7231007.0641007.3661008.3531008.7111008.81009.5761009.8551010.6751011.0811011.4231011.6971012.0261013.0221013.3211013.6541013.9791014.291015.1041015.4061015.7161016.0321016.4551017.3671017.6861018.6891019.0381019.4191020.3371020.7591022.4151022.8511023.1831024.1321024.4341024.7431025.0051025.345

BIG DANA LIKUID SATUTANGGALNABGrafik NAB Reksa Dana BIG Dana Likuid Satu Sejak Inceptiom Sampai 16 Maret 2007

Sheet1

Sheet1608.631030.141075.211618.195390791805.523620.93121042.16431076.3761621.331390841836.52617.891041.851076.6751626.40910001834.709608.211038.411076.961626.7211000.6771824.103608.111050.211077.2031627.3981000.9591832.55605.721046.051078.0641628.9331001.8051813.394599.31042.151078.3471629.3361002.0871780.881579.741010.681078.6361630.0241002.3681710.367579.431014.571078.9811630.3291002.5121703.844553.43995.761079.3971631.0961002.8241678.044570.021021.661080.5761632.4761003.7391730.475584.161022.441080.8731632.9171004.0421730.475595.391031.011081.2391633.4771004.3531758.483625.691054.041081.7121634.0591004.7541777.708614.491040.411082.1091635.5751005.1521795.559614.111042.741083.1371641.4681006.1191817.409622.391048.681083.551642.2961006.3821808.575621.331045.38791084.0381642.7681006.7231805.692614.721033.151084.6191642.8281007.0641773.956615.651028.781085.0031643.2221007.3661759.206618.771027.641086.2771644.6291008.3531764.995619.721024.821086.5871645.1971008.7111765.522616.461016.251086.6491645.2831008.81757.258626.81181025.92161087.071645.8671009.5761771.326625.61029.51087.3731646.2881009.8551780.381620.151027.51088.3041647.8811010.6751768.539617.411036.141088.6231648.4781011.0811761.293617.21033.61089.0651649.0921011.4231764.909617.841037.191089.4551649.6711011.6971751.319627.211045.291089.8481650.271012.0261740.317624.551047.541090.9681651.8251013.0221734.462617.71050.541091.3491653.7671013.3211727.36616.471056.461091.9081654.5571013.6541750.986618.591066.351092.281655.131013.9791790.405613.021061.471092.611655.5921014.291794.363619.091067.651093.7481657.821015.1041799.293629.71084.131094.1291658.541015.4061806.482633.541093.91094.5221659.1931015.7161816.566627.041088.951094.8851659.7811016.0321808.441631.191091.541095.2891660.4371016.4551791.553638.9710921096.321661.8191017.3671783.951627.871079.671096.6761662.3961017.6861764.008618.151068.361097.7341663.3421018.6891663.342619.021073.571098.0951664.8391019.0381759.49616.011073.121098.4871665.6721019.4191760.019590.371037.471099.5521667.211020.3371698.82601.361050.891099.8251668.0821020.7591732.438600.241049.671099.9491671.0031022.4151743.189815.771072.031100.5631671.6711022.8511771.558608.491064.461100.9191672.2211023.1831764.582613.31072.451101.9921673.5851024.1321794.522618.771074.631102.4131674.0041024.4341797.402608.921062.721102.8071674.5961024.7431762.284615.081071.251103.231675.0861025.0051776.361617.681075.491103.6321675.6061025.3451777.89

BIG NUSANTARABIG PALAPABIG DANA MUAMALAHBIG DANA LIKUIDBIG DANA LIKUID SATUIHSGTANGGALNABGrafik NAB Reksa Dana BIG 28 Des 06 - Maret 2007