JCR-VIS Star Ranking for closed-end stock funds

JCR-VIS Credit Rating Company Limited has assessed the fund performance ranking of closed-end stock funds for the one-year and two-year periods ended June 30, 2008. Two-year rankings are based on average performance over the period and the peer group only includes those funds which have completed the full term.
-- Following are the star ranking for June 2008:
-- Category: Closed-end stock funds
OPEN-END STOCK FUNDS:
JCR-VIS Credit Rating Company Limited has assessed the fund performance ranking of open-end funds in the stock, Islamic stock and balanced categories, for the one- and two-year period ended June 30, 2008.
Two-year rankings are based on average performance over the performance horizon and only include those funds which have completed the full term. Following are the star rankings for June 2008:
Category: Open-end Stock Funds
Performance Period: 1 & 2 years.

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Peer group:

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Name                            1-year ranking     2-years average ranking

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Asian Stock fund                MFR 1-Star         MFR 4-Star

Golden Arrow Selected

Stocks Fund                     MFR 4-Star         MFR 5-Star

PICIC Energy Fund               MFR 5-Star         MFR 2-Star

PICIC Investment Fund           MFR 3-Star         MFR 1-Star

PICIC Growth Fund               MFR 2-Star         MFR 1-Star

Safeway Mutual Fund             MFR 1-Star         MFR 4-Star

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Peer Group:

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Name                            1-year ranking     2-year average ranking

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AKI) Opportunity Fund           MFR S-Star         MFR 5-Star

Crosby Dragon Fund              MFR 5-Star         MFR S-Star

National Investment Unit Trust  MFR 3-Star         MFR 4-Star

NAFA Stock Fund                 MFR 3-Star         N/A

United Stock Advantage Fund     MFR 4-Star         N/A

United Stock Advantage Fund     MFR 4-Star         N/A

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