Prospectus Date

1 November 2006

Initial Offer Period

21 days from 1 November 2006 to 20 November 2006

Initial Selling Price

RM1.00 per unit

Approved Fund Size

200 million units

Objective of the Fund

PAXJI aims to achieve capital appreciation in the long term by investing primarily in Asian markets excluding Japan through investments that comply with Shariah requirements.

Investor Profile

Suitable for investors who prefer long-term positive capital appreciation and a portfolio with investments in the countries of Asia Pacific region excluding Japan rather than a restricted portfolio of domestic securities.

The fund will only be available to investors who are:

1.	Malaysian residents with no Domestic Credit Facilities.
2.	Malaysian individuals with Domestic Credit Facilities and have less than RM1 million invested abroad for current year.
3.	Malaysian corporations with Domestic Credit Facilities (minimum shareholders fund of RM100,000 and operated more than 1 year) and have less than RM50 million invested abroad for current year.
4.	Non-Malaysian residents.

Investment Strategy

Invest in securities listed on the stock exchanges of the Asia Pacific region excluding Japan with initial focus in ASEAN countries, Hong Kong SAR, China, Taiwan, Korea, Australia, New Zealand and India that comply with Shariah requirements.

Asset Allocation

Performance Benchmark

The Benchmark is 7% growth in NAV per annum over the long term.

Sales Charge

Maximum rate of sales charge - 5%

Management Fee

1.50% p.a. of the NAV of the Fund. The fee is calculated daily and paid on a monthly basis.

Trustee Fee

0.07% p.a. of the NAV of the Fund subject to a minimum fee of RM18,000/- (excluding foreign sub-custodian fees).

The fee is calculated daily and paid on a monthly basis.

Switching Fee