[Annotated Form N-Q]
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UNITED STATES |
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FORM N-Q |
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QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY
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Investment Company Act file number |
811-05082 |
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THE MALAYSIA FUND, INC. |
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(Exact name of registrant as specified in charter) |
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1221 AVENUE OF THE AMERICAS 5TH FLOOR NEW YORK, NY |
10020 |
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(Address of principal executive offices) |
(Zip code) |
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RONALD E. ROBISON |
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(Name and address of agent for service) |
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Registrant’s telephone number, including area code: |
1-800-221-6726 |
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Date of fiscal year end: |
12/31 |
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Date of reporting period: |
3/31/06 |
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Item 1. Schedule of Investments.
The Fund’s schedule of investment as of the close of the reporting period prepared pursuant to Rule 12-12 Regulation S-X is as follows:
The Malaysia Fund, Inc.
First Quarter Report
March 31, 2006 (unaudited)
Portfolio of Investments
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Shares |
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Value |
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COMMON STOCKS (94.0%) |
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(Unless Otherwise Noted) |
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Automobiles (4.8%) |
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DRB-Hicom Bhd |
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3,659,000 |
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$ |
1,431 |
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Proton Holdings Bhd |
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512,000 |
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792 |
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TAN Chong Motor Holdings Bhd |
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1,309,000 |
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565 |
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2,788 |
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Commercial Banks (23.7%) |
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Bumiputra- Commerce Holdings Bhd |
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4,416,482 |
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7,554 |
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Malayan Banking Bhd |
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1,710,500 |
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5,109 |
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Public Bank Bhd |
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639,390 |
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1,137 |
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13,800 |
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Construction & Engineering (6.5%) |
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Gamuda Bhd |
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2,018,000 |
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2,060 |
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Road Builder Holdings Bhd |
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1,769,000 |
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1,014 |
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TRC Synergy Bhd |
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2,252,400 |
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709 |
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3,783 |
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Diversified Telecommunication Services (4.5%) |
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Telekom Malaysia Bhd |
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1,039,000 |
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2,638 |
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Electric Utilities (4.7%) |
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Tenaga Nasional Bhd |
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1,208,750 |
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2,757 |
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Electronic Equipment & Instruments (0.1%) |
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KrisAssets Holdings Bhd |
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(b)(d) |
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82,028 |
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62 |
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Food Products (4.9%) |
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IOI Corp. Bhd |
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786,000 |
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2,838 |
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Hotels, Restaurants & Leisure (10.7%) |
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Genting Bhd |
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403,800 |
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2,609 |
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Resorts World Bhd |
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667,700 |
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2,393 |
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Tanjong plc |
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314,000 |
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1,245 |
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6,247 |
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Industrial Conglomerates (3.2%) |
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Sime Darby Bhd |
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1,125,000 |
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1,863 |
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Insurance (0.9%) |
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MAA Holdings Bhd |
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587,000 |
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494 |
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Marine (4.4%) |
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Malaysia International Shipping Corp. Bhd |
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1,003,000 |
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2,587 |
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Multi-Utilities (4.7%) |
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YTL Corp. Bhd |
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1,955,733 |
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2,708 |
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Real Estate (11.3%) |
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Bandar Raya Developments Bhd |
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1,050,000 |
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345 |
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Glomac Bhd |
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1,763,000 |
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589 |
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IOI Properties Bhd |
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415,000 |
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902 |
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MK Land Holdings Bhd |
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2,460,000 |
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494 |
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Naim Cendera Holdings Bhd |
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1,780,000 |
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1,595 |
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SP Setia Bhd |
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2,576,499 |
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2,630 |
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6,555 |
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Tobacco (2.5%) |
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British American Tobacco Bhd |
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126,000 |
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1,454 |
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Water Utilities (2.2%) |
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Puncak Niaga Holding Bhd |
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1,643,000 |
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1,249 |
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Wireless Telecommunication Services (4.9%) |
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Digi.Com Bhd |
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(a) |
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1,248,000 |
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2,863 |
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TOTAL COMMON STOCKS (Cost $43,185) |
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54,686 |
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No. of |
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Warrants |
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WARRANTS (0.1%) |
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Construction & Engineering (0.1%) |
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IJM Corp. Bhd |
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expiring 8/20/10 (Cost $2) |
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(a) |
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148,600 |
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28 |
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Face |
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Amount |
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CORPORATE BOND (0.0%) |
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Media (0.0%) |
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Media Prima Bhd |
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2.00%, 7/18/08 (Cost $26) |
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(a) |
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MYR |
100 |
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24 |
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SHORT-TERM INVESTMENT (1.0%) |
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Repurchase Agreement (1.0%) |
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J.P. Morgan Securities, Inc., 4.73%, dated 3/31/06, due 4/3/06 repurchase price $596 (Cost $596) |
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(c) |
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$ |
596 |
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596 |
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TOTAL INVESTMENTS+(95.1%) (Cost $43,809) |
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55,334 |
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OTHER ASSETS IN EXCESS OF LIABILITIES (4.9%) |
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2,863 |
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NET ASSETS (100%) |
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$ |
58,197 |
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(a) |
Non-income producing security. |
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(b) |
Security was valued at fair value — At March 31, 2006, the Fund held $62,000 of fair valued securities, |
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representing 0.1% of net assets. |
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(c) |
Represents the Fund’s undivided interest in a joint repurchase agreement which has a total value of $935,502,000. The repurchase agreement was fully collateralized by U.S. government agency securities at the date of this Portfolio of Investments as follows: Federal Home Loan Mortgage Corp., 3.23% to 6.08%, due 4/1/19 to 2/1/37; Federal National Mortgage Association, Conventional Pools, 3.60% to 6.39%, due 5/1/28 to 4/1/44, which had a total value of $954,214,908. The investment in the repurchase agreement is through participation in a joint account with affiliated parties pursuant to exemptive relief received by the Fund from the SEC. |
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(d) |
Security has been deemed illiquid — At March 31, 2006. |
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At March 31, 2006, the U.S. Federal income tax cost basis of investments was approximately $43,809,000 and, accordingly, net unrealized appreciation for U.S. Federal income tax purposes was $11,525,000 of which $15,916,000 related to appreciated securities and $4,391,000 related to depreciated securities. |
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MYR |
Malaysian Ringgit |
2
Item 2. Controls and Procedures.
(a) The Fund’s principal executive officer and principal financial officer have concluded that the Fund’s disclosure controls and procedures are sufficient to ensure that information required to be disclosed by the Fund in this Form N-Q was recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission’s rules and forms, based upon such officers’ evaluation of these controls and procedures as of a date within 90 days of the filing date of the report.
(b) There were no changes in the Fund’s internal control over financial reporting that occurred during the registrant’s fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Fund’s internal control over financial reporting.
Item 3. Exhibits.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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(Registrant) |
The Malaysia Fund, Inc. |
|
||
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By: |
/s/ Ronald E. Robison |
|
||
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Name: |
Ronald E. Robison |
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Title: |
Principal Executive Officer |
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Date: |
May 18, 2006 |
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Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
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By: |
/s/ Ronald E. Robison |
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Name: |
Ronald E. Robison |
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Title: |
Principal Executive Officer |
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Date: |
May 18, 2006 |
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By: |
/s/ James Garrett |
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Name: |
James Garrett |
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Title: |
Principal Financial Officer |
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Date: |
May 18, 2006 |
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