October 2017 - IGI Investment · PDF file · 2017-11-23general public with skills...
Transcript of October 2017 - IGI Investment · PDF file · 2017-11-23general public with skills...
BRP - 009
Monthly Fund Performance Review
Friday, 17 November 2017
For subscription to the Fund Select Bulletin,
Call our UAN number or
E-mail us at [email protected],
UAN: (+92-21) 111-234-234
Copyright 2017 IGI Finex Securities Limited
An investor education program initiated by Securities and Exchange Commission of Pakistan (SECP). ‘JamaPunji’ is to equip the
general public with skills and knowledge to make informed financial decisions and manage their money wisely. Established, as a
subsidiary of the Securities and Exchange Commission of Pakistan, JamaPunji takes a universal approach to improve financial
literacy in Pakistan. It aims to impart knowledge about financial markets and products to different segments of the society.
Disclaimer: This document has been prepared by IGI Finex Securities Limited and all the information (including any comments, opinions and analyses) contained in this document (the information) is for informational purposes only and should not be considered individual investment advice or recommendations to invest in any security, fund or to adopt any investment strategy. Because market and economic conditions are subject to rapid change, the information is rendered as of the date of publication and may change without notice. The information is not intended as a complete analysis of every material fact regarding the country, region, market, industry, investment or strategy. Whilst every effort has been made to ensure that the information is not misleading or unreliable, IGI Finex Securities Limited makes no representation as to the accuracy, completeness or timeliness of the information. Neither IGI Finex Securities Limited nor any director, officer or employee of IGI Finex Securities Limited shall in any manner be liable or responsible for any loss that may be occasioned as consequence of a party relying on the information. This document takes no account of the investment objectives, financial situation and particular needs of investors, who shall seek further professional advice before making any investment decision. All investments in mutual funds are subject to market risk. The NAV, any dividends and/or returns have been provided by the asset Management Company/ (ies), and are dependent on forces affecting the capital markets. Past performance is not necessarily indicative of future results. IGI Finex Securities Limited does not take any responsibility for the financial soundness of any scheme or guarantee any returns on investment made in the products by users. The information, data, analysis and opinions contained herein (1) include the confidential and proprietary information of IGI Finex Securities Limited, (2) may not be copied or redistributed, and (3) are not warranted to be complete, accurate or timely. IGI Finex Securities Limited shall not be responsible for any trading decisions, damage or other losses resulting thereof.
October 2017 Contents Industry Update .......................................................................................................................................................................................... 2
Monthly Performance Review ................................................................................................................................................................................................. 2 Asset under Management ........................................................................................................................................................................... 3
Categorized by Asset Management Company ........................................................................................................................................................................ 3 Categorized by Fund Type ........................................................................................................................................................................................................ 4 Categorized by Asset Allocation .............................................................................................................................................................................................. 5
Market Review ............................................................................................................................................................................................ 7 Equity ........................................................................................................................................................................................................................................ 7
Monthly Macro Snapshot ............................................................................................................................................................................ 9 September, 2017 ...................................................................................................................................................................................................................... 9
Top Holdings of AMCs’ in Equities ............................................................................................................................................................. 10 October, 2017 ......................................................................................................................................................................................................................... 10 By scrip – Monthly change ..................................................................................................................................................................................................... 12
Top Performers ......................................................................................................................................................................................... 12 Categorized on Month-to-date (MTD) basis ......................................................................................................................................................................... 13 Categorized on Year-to-date (YTD) basis .............................................................................................................................................................................. 14
Performance Summary.............................................................................................................................................................................. 15
JamaPunji .................................................................................................................................................................................................. 21
Disclaimer ................................................................................................................................................................................................. 22
Monthly Fund Performance Review
Publishing Date: Friday, 17 November 2017
Page | 2
Industry Update Monthly Performance Review Industry According to the data Published by the Mutual Funds Association of Pakistan (MUFAP), the industry’s Assets
Under Managements (AUMs) decreased by PKR 32.6bn (or 5.5%MoM) to reach PKR 557.7bn - Funds of Fund
are excluded according to MUFAPs Presentation. Decline is attributed to both Shariah Complaint and
Conventional funds, down by PKR 28.0bn / 4.6bn (or 11.6% / 1.3% MoM), to stand at PKR 24.3 / 344.4bn
respectively.
By Strategy Type In Oct-17, Aggressive funds decreased by PKR 30.8bn followed by Moderate funds, down by 3.8bn, while
Conservative funds were up by PKR 2.0bn, standing at PKR 280.7n / 162.5bn / 114.2bn respectively. In
percentage terms, Aggressive funds declined by 9.9%MoM, followed by 2.3%MoM fall in Moderate funds,
whereas, Conservative funds posted a meager growth of +1.8%MoM.
By Asset Class During the month of Oct-17, T-bills attracted phenomenal amount of funds, up by 39.1bn (or +3.7xMoM),
mainly on account of base effect, followed by TDRs - up by PKR 2.3bn (or +6.1%MoM), while equity class
contracted by PKR 24.1bn (or 8.2%MoM) and stood at PKR 53.8bn / 39.3bn / 269.5bn respectively. Similarly,
Cash ratio decreased to 23.8% (PKR 168.0bn / PKR 558.0bn) from 37.3% (PKR 220.1bn / PKR 590.3bn) posted
last month.
By Asset Management Company In terms of volumes, HBL Asset Management Limited plunged by PKR 1.9bn (or +5.2%MoM) followed by
Habib Asset Management Limited, up by PKR 0.4bn (or +12.0%MoM) reaching PKR 39.1bn / PKR 3.5bn.
However, Al Meezan Investment Management Limited declined significantly, down by PKR 6.9bn (or
7.5%MoM), to stand at PKR 86.0bn respectively.
Returns For the month of Oct-17, Income funds recorded average return of +6.2%MTD (+5.3%YTD), followed by
Aggressive Fixed Income funds recording an average return of +5.3%MTD (+4.5%YTD), while Equity funds
recorded a negative return of -6.2%MTD (-15.9%YTD).
Exhibit: Sector-wise Foreign Investors Portfolio Investments (USDmn) Exhibit: Monthly Foreign Investors Portfolio Investments (USDmn)
Source: IGI Fund Select, NCCPL
(2.5) (2.6)
18.3
1.0
(0.8)
0.9
(15.1)
(4.4)
(0.4)(3.2)
(20.0)
(15.0)
(10.0)
(5.0)
-
5.0
10.0
15.0
20.0
2
(117)
(144)
(111)
(30) (23)(36)
(141)
(8)
(38)
(80)
28
(89)
-200
-150
-100
-50
0
50 FIPI (USDmn)
Monthly Fund Performance Review
Publishing Date: Friday, 17 November 2017
Page | 3
Asset under Management Categorized by Asset Management Company
PKRbn
Asset Management Company Oct-17 Sep-17 PKRbn %
ABL Asset Management Company Limited 17 38.7 38.6 0.1 0.3 6.9
AKD Investment Management Limited 4 3.9 4.4 (0.5) (11.6) 0.7
Al Meezan Investment Management Limited 23 85.8 92.7 (6.9) (7.5) 15.4
Alfalah GHP Investment Management Limited 19 26.9 28.3 (1.4) (5.0) 4.8
Askari Investment Management Limited 7 5.5 5.6 (0.1) (1.2) 1.0
Atlas Asset Management Limited 7 27.9 28.0 (0.1) (0.4) 5.0
BMA Asset Management Company Limited 2 0.3 0.3 (0.0) (6.1) 0.1
786 Investments Limited 3 0.7 0.6 0.0 2.8 0.1
Faysal Asset Management Limited 9 8.5 8.7 (0.3) (3.1) 1.5
First Capital Investments Limited 1 0.2 0.2 (0.0) (11.1) 0.0
Habib Asset Management Limited 6 3.5 3.1 0.4 11.9 0.6
HBL Asset Management Limited 19 39.1 37.2 1.9 5.2 7.0
JS Investments Limited 16 11.3 11.8 (0.5) (4.3) 2.0
Lakson Investments Limited 6 15.6 15.6 0.1 0.4 2.8
MCB-Arif Habib Savings and Investments Limited 15 45.5 45.6 (0.1) (0.2) 8.2
National Investment Trust Limited 6 85.4 89.7 (4.3) (4.8) 15.3
NBP Fullerton Asset Management Limited 28 94.8 96.8 (2.0) (2.1) 17.0
Pak Oman Asset Management Company Limited 4 1.1 1.2 (0.1) (6.2) 0.2
AWT Investments Limited (Formerly: PIML) 7 1.5 1.5 (0.0) (3.0) 0.3
UBL Fund Managers Limited 22 61.7 80.4 (18.7) (23.3) 11.1
Total 221 557.7 590.3 ( 32.6) ( 5.5) 100.0
Exhibi t: Changes in Funds Asset Allocation Exhibi t: Asset Allocation - Categorized by Industry Share
Industry
Share
Source: MUFAP / FMRs,
Fund Size Change (MoM)No. of
Funds
94.8
85.8
85.4
61.7
45.5
39.1
38.7
27.9
26.9
15.6
36.3
5
96
.8
92.7
89
.7
80
.4
45
.6
37.2
38.6
28
.0
28
.3
15.6
37.4
6
-
30.0
60.0
90.0
120.0
Oct-17 Sep-17 NAFA 17%
Al-MEZ 15%
NIT 15%UBL
11%
MCBAH 8%
HBL 7%
ABL 7%
ATLAS 5%
ALFALAH 5%
LAKSON 3%
Others7%
Monthly Fund Performance Review
Publishing Date: Friday, 17 November 2017
Page | 4
Asset under Management Categorized by Fund Type
PKRbn
Asset Class Oct-17 Sep-17 PKRbn %
Conservative 29 114.5 112.6 2.0 1.8 20.5
Money Market 22 105.6 98.8 6.8 6.9 18.9
Shariah Compliant Money Market 3 8.1 12.9 (4.8) (37.1) 1.5
Shariah Compliant Capital Protected Fund 2 0.2 0.2 (0.0) (6.1) 0.0
Capital Protected 2 0.7 0.7 (0.0) (0.7) 0.1
Moderate 108 162.5 166.2 ( 3.8) ( 2.3) 29.1
Income 29 69.7 72.3 (2.6) (3.5) 12.5
Shariah Compliant Income 18 33.0 32.4 0.6 1.9 5.9
Shariah Compliant Fund of Funds - CPPI 1 0.3 0.3 (0.0) (2.9) 0.1
Shariah Compliant Fund of Funds 49 54.3 57.3 (3.0) (5.2) 9.7
Fund of Funds 11 5.1 4.0 1.1 28.6 0.9
Aggress ive 83 280.7 311.6 ( 30.8) ( 9.9) 50.3
Equity 20 129.6 139.4 (9.7) (7.0) 23.2
Shariah Compliant Equity 21 76.3 95.2 (18.8) (19.8) 13.7
Aggressive Fixed Income 7 13.9 13.1 0.8 5.8 2.5
Asset Allocation 11 14.0 14.7 (0.7) (4.8) 2.5
Shariah Compliant Asset Allocation 11 29.6 31.1 (1.5) (4.9) 5.3
Balanced 7 5.2 5.5 (0.3) (5.3) 0.9
Shariah Compliant Balanced Fund 1 8.3 8.7 (0.4) (4.8) 1.5
Shariah Compliant Aggressive Fixed Income 1 1.1 1.1 0.0 2.5 0.2
Shariah Compliant Index Tracker 1 1.6 1.7 (0.1) (6.5) 0.3
Index Tracker 1 0.4 0.5 (0.0) (6.5) 0.1
Shariah Compliant Commodities 1 0.4 0.4 0.0 2.4 0.1
Commodities 1 0.2 0.2 0.0 0.8 0.0
Tota l 220 557.7 590.3 ( 32.6) ( 5.5) 100.0
Exhibi t: Changes in Funds Asset Allocation
No. of
Funds
Fund Size Change (MoM) Industry
Share %
Exhibi t: Asset Allocation - Categorized by Risk
Source: MUFAP / FMRs, OEF=Open-Ended Funds, MoM=Month on Month
50.3%
29.1%
20.5%
52.8%
28.2%
19.1%
0%
10%
20%
30%
40%
50%
60%
Aggressive Moderate Conservative
Oct-17 Sep-17
105.6
69.7
129.6
33.0
76.3
143.5
98.8
72.3
139.4
32.4
95.2
152.4
0.0
20.0
40.0
60.0
80.0
100.0
120.0
140.0
160.0
180.0
Money
Market
Income Equity Shariah
Compliant
Income
Shariah
Compliant
Equity
Others
Oct-17 Sep-17
Monthly Fund Performance Review
Publishing Date: Friday, 17 November 2017
Page | 5
Asset under Management Categorized by Asset Allocation
PKRbn
Asset Management Company
ABL Asset Management Company Limited 14.8 15.3 7.6 3.6 - 2.5 (5.0) 38.7
AKD Investment Management Limited 2.8 0.5 0.2 0.1 - 0.2 - 3.9
Al Meezan Investment Management Limited 71.8 16.5 - 4.6 1.3 3.8 (12.1) 85.8
Alfalah GHP Investment Management Limited 11.0 10.3 3.3 0.2 0.1 2.9 (7.5) 26.9
Askari Investment Management Limited 0.2 1.1 2.7 0.6 - 0.3 - 5.5
Atlas Asset Management Limited 6.3 9.0 10.6 - - 1.8 - 27.9
BMA Asset Management Company Limited - 0.2 - 0.0 0.0 - - 0.3
786 Investments Limited 0.2 - 0.1 0.3 - 0.1 - 0.7
Faysal Asset Management Limited 0.4 4.3 1.5 0.1 - 1.6 - 8.5
First Capital Investments Limited 0.1 0.0 0.0 - - - - 0.2
Habib Asset Management Limited 0.2 2.6 0.0 0.1 - 0.0 - 3.5
HBL Asset Management Limited 13.3 13.8 6.4 5.1 2.2 1.7 (4.3) 39.1
JS Investments Limited 6.0 4.7 0.4 0.4 - 0.4 (0.3) 11.3
Lakson Investments Limited 3.6 4.1 6.0 0.1 0.0 0.6 - 15.6
MCB-Arif Habib Savings and Investments Limited 13.9 17.8 6.8 4.2 0.1 3.1 (2.1) 45.5
National Investment Trust Limited 73.3 - 3.4 8.6 0.8 0.4 - 85.4
NBP Fullerton Asset Management Limited 29.5 44.6 3.6 8.1 0.2 2.4 (0.0) 94.8
Pak Oman Asset Management Company Limited 0.3 0.5 0.2 0.1 - 0.1 - 1.1
Primus Investment Management Limited 0.2 0.9 - - - 0.3 - 1.5
UBL Fund Managers Limited 21.6 21.5 0.9 3.2 15.7 2.1 (4.7) 61.7
Total 269.5 167.8 53 .8 39 .3 20 .5 24 .1 (36 .1) 558
Al location % 48.3% 30.1% 9.6% 7.0% 3.7% 4.3% - 100%
Exhibit: Changes in Funds Asset Allocation Exhibit: Asset Allocation - Categorized by Industry Share
TFCs /
Sukuks
Source: MUFAP / FMRs,
Equities Cash Tbil ls TDRsGov Sec
/ P IBsTotal
Fund of
Funds
269.5
167.8
53.839.3
20.5 24.1
-17.3
293.6
220.1
14.7
37.0 29.5 24.0
-28.7
(60.0)
(30.0)
-
30.0
60.0
90.0
120.0
150.0
180.0
210.0
240.0
270.0
300.0
330.0
Equities Cash TBills TDRs Gov Sec /
PIBs
TFCs /
Sukuks
Others
Oct-17 Sep-17
Equities48.3%
Cash30.1%
TBills9.6%
TDRs7.0%
Gov Sec / PIBs3.7%
TFCs / Sukuks4.3%
Others-3.1%
Monthly Fund Performance Review
Publishing Date: Friday, 17 November 2017
Page | 6
Source: MUFAP, IGI Fund Select
Exhibit: Average Year-to-date returns Exhibit: Average Month-to-date returns
Exhibit: Average rate of returns Conventional Funds Exhibit: Average rate of returns Shariah based Funds
Exhibit: Monthly AUMs Exhibit: Changes in AUMs
5.01 4.4 3.5
5.32 4.1
(15.9) (14.1)
(5.6)
(20.00)
(15.00)
(10.00)
(5.00)
-
5.00
10.00
MoneyMarket
Agg.Fixed
Income
IslamicIncome
Income IslamicMoneyMarket
Equity IslamicEquity
Others
YTD %
4.31 5.26
4.7 6.18
4.02
(6.16)(5.2)
(1.8)
(8.00)
(6.00)
(4.00)
(2.00)
-
2.00
4.00
6.00
8.00
MoneyMarket
Agg.Fixed
Income
IslamicIncome
Income IslamicMoneyMarket
Equity IslamicEquity
Others
MTD %
(15.0)
(10.0)
(5.0)
-
5.0
10.0
15.0
20.0
Oct-
16
No
v-1
6
De
c-1
6
Ja
n-1
7
Feb
-17
Mar-
17
Apr-
17
May-1
7
Ju
n-1
7
Ju
l-17
Aug
-17
Sep
-17
Oct-
17
Agg. Fixed Income Cash Equity Income
(15.0)
(10.0)
(5.0)
-
5.0
10.0
15.0
Oct-
16
No
v-1
6
De
c-1
6
Ja
n-1
7
Feb
-17
Mar-
17
Apr-
17
May-1
7
Ju
n-1
7
Ju
l-17
Aug
-17
Sep
-17
Oct-
17
Agg. Fixed Income Cash Equity Income
105.6
69.7
129.6
33.0
76.3
143.5
98.8
72.3
139.4
32.4
95.2
152.4
0.0
20.0
40.0
60.0
80.0
100.0
120.0
140.0
160.0
180.0
MoneyMarket
Income Equity ShariahCompliant
Income
ShariahCompliant
Equity
Others
Oct-17 Sep-17
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
50%
400
450
500
550
600
650
700
Oct-16 Dec-16 Feb-17 Apr-17 Jun-17 Aug-17 Oct-17
AUM (PKRbn) %YoY - RHS
Monthly Fund Performance Review
Publishing Date: Friday, 17 November 2017
Page | 7
Market Review Equity
Equity market Review:
Index was down by 6.6% in Oct-17, due to political instability and foreign outflows of USD 8.9mn.
After posting a meagre growth in month of Sep-17, KSE100 could not sustain at 42k level and fell to 39K
points by posting decline of 6.6%MoM (or ~2,792points). Decline in index was on the back of a) Political
instability b) Continuous foreign selling c) lower daily traded volumes.
Average trading volumes of the market were recorded at 156mn shares, slightly up by +8.2%MoM in
Oct-17 as compared to average 144mn shares registered in Sep-17. Increase in volume depict attractive
prices, however, country’s prevailing political situation has pushed the investor to remain on the side-
line.
Leaders and Laggards by Market Capitalization:
In the month of Oct-17, wherein index posted a negative return of 6.6%MoM, wherein, none of the
sectors posted a gain except for Modarabas & Tobacco. However, top laggards were Oil & Marketing
Companies (down by 16%MoM), Power Generation and Distribution Companies (down by 15%MoM),
Refineries (down by 15%MoM), Cement and Banks (down by 13%/8%MoM respectively).
Volume wise, Cement led the chart, up by +9.1%MoM, followed by Power Generation & Distribution
Companies and Cable & Electrical Goods, up by +4.6%/+2.4%MoM respectively. However, volumes
declined in Commercials Banks by 5.4%MoM, Technology & Communication by 2.0%MoM and Fertilizer
by 1.7%MoM.
Key domestic/international news:
• SBP kept the policy rate unchanged at 5.75% to achieve targeted growth rate of 6% in FY18.
• During the month of Oct-17 government imposed RD on various product to curtail current account
deficit.
• In the month of Oct-17, brokers, and mutual funds representative held a meeting with prime minister
to discuss the issues confronting the equity market.
• The World Bank showed its support for Pakistan to implement broad economic reforms and address
current risks towards achieving its development aspirations.
Exhibit: KSE 100 Index
41,3
12.6
39,8
46.8
42,0
87.9
41,1
05.4
146 147
191
152
-
50
100
150
200
250
38,500.0
39,000.0
39,500.0
40,000.0
40,500.0
41,000.0
41,500.0
42,000.0
42,500.0
10/07/17 10/14/17 10/21/17 10/28/17
Index Vol. (mn) -RS
Equity market Review
Leaders and Laggards by Market Capitalization
Key domestic news during the month.
Monthly Fund Performance Review
Publishing Date: Friday, 17 November 2017
Page | 8
Source: IGI Fund Select, NCCPL
Exhibit: Positive Contributing Sector Exhibit: Negative Contributing Sector
Exhibit: Volume Leaders – Top 10 Sectors (PKRmn) Exhibit: Volume Leaders – Top 10 Companies (PKRmn)
Exhibit: Sector-wise Foreign Investors Portfolio Investments (USDmn) Exhibit: Monthly Local Investors Portfolio Investments (USDmn)
2%
3%
1%
9%
-27%
-7%
-18%
-3%
-15%
-3%
-30% -25% -20% -15% -10% -5% 0% 5% 10% 15%
Tobacco
Real Estate Investment Trust
Miscellaneous
Modarabas
Jute
Woollen
Vanaspati & Allied Industries
Close - End Mutual Fund
Leasing Companies
Synthetic & Rayon
-8%
-9%
-13%
-15%
-16%
-6%
-12%
-15%
-14%
-11%
-35% -25% -15% -5% 5%
Commercial Banks
Food & Personal Care Products
Cement
Power Generation & Distribution
Oil & Gas Marketing Companies
Fertilizer
Pharmaceuticals
Refinery
Textile Composite
Technology & Communication
8.576
12.632
5.131
2.733
2.370
8.768
0.654
0.136
0.027
0.009
0 5 10 15
Cement
Power Generation &…
Cable & Electrical Goods
Engineering
Textile Composite
Oil & Gas Marketing…
Pharmaceuticals
Close - End Mutual Fund
Woollen
Tobacco
2.9
11.4
4.5
2.1
5.1
0.5
0.5
0.6
1.6
2.6
- 2.0 4.0 6.0 8.0 10.0 12.0
FCCL
KEL
SNGP
MLCF
PAEL
SEARL
LUCK
POL
NCL
ISL
(2.5) (2.6)
18.3
1.0
(0.8)
0.9
(15.1)
(4.4)
(0.4)
(3.2)
(20.0)
(15.0)
(10.0)
(5.0)
-
5.0
10.0
15.0
20.0
(2)
117
144
111
30 23
36
141
8
38
80
(28)
89
-40
10
60
110
160LIPI (USDmn)
Monthly Fund Performance Review
Publishing Date: Friday, 17 November 2017
Page | 9
Monthly Macro Snapshot
September, 2017
Monthly Fund Performance Review
Publishing Date: Friday, 17 November 2017
Page | 10
Top Holdings of AMCs’ in Equities September, 2017 AMC
FUND SCRI P P SO MARI OGD C ENGRO P OL HUBC SNGP L UCK P K GS EFERT BAFL P P L BATA P AK T ABOT FFC SAP T UBL NML HBL TOTAL
NIT PKRbn 7.46 3.39 - - - - 2.03 - 2.03 - 3.39 - 2.71 2.71 2.03 2.03 2.03 - - - 2 9 . 8
NIUT % 11.00 5.00 - - - - 3.00 - 3.00 - 5.00 - 4.00 4.00 3.00 3.00 3.00 - - -
AL MEEZAN PKRbn 1.99 2.66 3.46 3.64 1.55 1.79 1.54 2.41 1.84 1.92 - - - - - - - - - - 2 2 . 8
MIF % 5.06 6.74 8.77 9.24 3.93 4.53 3.90 6.11 4.68 4.88 - - - - - - - - - -
MCB-AH PKRbn - 0.24 0.52 0.23 0.52 0.53 - - - 0.23 0.35 0.45 - - - - - - 0.20 - 3 . 3
MCBPSF % - 3.20 6.90 3.00 6.90 7.00 - - - 3.00 4.60 6.00 - - - - - - 2.70 -
UBL-FM PKRbn - - - - - - - - - - - - - - - - - - - - -
AAIDEF % - - - - - - - - - - - - - - - - - - - -
AL MEEZAN PKRbn 0.34 0.47 0.47 0.54 0.34 0.34 0.27 0.40 0.27 0.34 - - - - - - - - - - 3 . 8
AMMF % 5.00 7.00 7.00 8.00 5.00 5.00 4.00 6.00 4.00 5.00 - - - - - - - - - -
NAFA PKRbn - 0.48 0.38 0.32 0.77 0.33 - - - - - 0.54 - - - - - 0.34 - 0.48 3 . 6
NSF % - 4.10 3.20 2.70 6.60 2.80 - - - - - 4.60 - - - - - 2.90 - 4.10
NIT PKRbn 0.16 - 0.21 0.11 0.16 0.19 - 0.26 - - - 0.17 - - - - - - - - 1 . 3
NIIEF % 4.70 - 5.95 3.06 4.67 5.48 - 7.48 - - - 4.93 - - - - - - - -
UBL-FM PKRbn - 0.31 0.32 0.35 0.26 0.28 - 0.27 - 0.29 - 0.26 - - - - - - 0.24 - 2 . 6
AASSF % - 5.20 5.40 5.80 4.30 4.70 - 4.50 - 4.80 - 4.40 - - - - - - 4.00 -
ATLAS PKRbn - 0.19 0.17 0.20 0.22 0.16 - 0.14 - 0.28 0.20 - - - - - - 0.25 - - 1 . 8
ASMF % - 4.50 3.90 4.70 5.20 3.70 - 3.30 - 6.60 4.60 - - - - - - 5.80 - -
ALFALAH PKRbn 0.16 0.16 0.25 0.19 0.22 0.20 0.16 - - 0.17 - 0.19 - - - - - - 0.15 - 1 . 9
AGISF % 4.39 4.37 6.93 5.34 6.06 5.52 4.44 - - 4.70 - 5.12 - - - - - - 4.14 -
HBL PKRbn - 0.16 0.21 0.23 0.17 0.23 - 0.16 - - - 0.22 - - - - - 0.21 - 0.18 1 . 8
HSF % - 3.78 4.82 5.21 3.94 5.22 - 3.75 - - - 5.05 - - - - - 4.79 - 4.16
ABL PKRbn 0.24 0.33 0.26 - - - 0.40 - 0.24 0.33 - - - - - - - 0.22 - - 2 . 0
ABLSF % 4.30 5.92 4.70 - - - 7.10 - 4.33 - - - - - - - - 3.85 - -
UBL-FM PKRbn - 0.25 0.17 0.24 0.22 0.16 - 0.17 - 0.22 - - - - - - - 0.24 0.18 0.28 2 . 1
USAF % - 4.90 3.30 4.80 4.40 3.10 - 3.30 - 4.40 - - - - - - - 4.70 3.50 5.50
ABL PKRbn 0.08 0.10 0.11 0.07 0.09 - 0.12 - 0.08 - - - - - - - - - - - 0 . 6
ABLISF % 5.20 6.18 6.61 4.19 5.84 - 7.24 - 4.78 - - - - - - - - - - -
LAKSON PKRbn - - - - - - - - - - - - - - - - - - - - -
LEF % - - - - - - - - - - - - - - - - - - - -
NAFA PKRbn 0.19 0.24 0.23 0.20 0.29 0.19 - 0.15 - - - 0.22 - - - - - - 0.18 - 1 . 9
NIAAF % 2.70 3.40 3.30 2.90 4.20 2.70 - 2.10 - - - 3.20 - - - - - - 2.60 -
AL MEEZAN PKRbn 0.17 - 0.22 0.22 - 0.13 - 0.13 - - - - - - - - - - - - 0 . 9
MBF % 4.00 - 5.00 5.00 - 3.00 - 3.00 - - - - - - - - - - - -
ATLAS PKRbn 0.06 0.11 0.10 0.12 0.13 0.12 - 0.08 - 0.13 - 0.07 - - - - - - - - 0 . 9
AISF % 3.00 5.80 5.40 6.50 6.70 6.40 - 4.00 - 7.00 - 3.60 - - - - - - - -
NAFA PKRbn 0.21 0.22 0.24 0.21 0.39 0.22 - - - 0.16 - 0.32 - - - - - - 0.19 - 2 . 2
NISF % 3.80 4.00 4.40 3.80 7.10 4.00 - - - 3.00 - 5.90 - - - - - - 3.40 -
NAFA PKRbn 0.07 0.09 0.10 0.08 0.15 0.08 - - - 0.06 - 0.11 - - - - - - - - 0 . 7
NIAAEF % 3.20 4.10 4.70 3.80 7.30 3.60 - - - 2.90 - 5.40 - - - - - - - -
ALFALAH PKRbn 0.07 0.07 0.08 0.07 0.09 0.07 0.07 - - - 0.07 - - - - - - 0.07 - 0.07 0 . 7
AGSF % 3.99 3.97 4.56 3.85 4.59 3.76 3.99 - - - 3.65 - - - - - - 3.86 - 3.85
AL MEEZAN PKRbn - - 0.16 0.14 0.11 0.13 0.06 0.11 - 0.06 - 0.14 - - - - - - - - 0 . 9
KMIF % - - 10.00 9.00 7.00 8.00 4.00 7.00 - 4.00 - 9.00 - - - - - - - -
MCB-AH PKRbn - 0.08 0.17 0.09 0.18 0.18 - 0.07 - 0.09 - 0.17 - - - - - - 0.08 - 1 . 1
MCBPISF % - 3.20 7.10 3.70 7.60 7.70 - 3.10 - 3.90 - 7.10 - - - - - - 3.30 -
JSIL PKRbn - 0.09 - - - - - - - - 0.06 - - - - - - - - - 0 . 1
JSGF % - 5.17 - - - - - - - - 3.37 - - - - - - - - -
HBL PKRbn - 0.04 0.06 0.05 0.05 0.07 0.04 0.04 - - - 0.07 - - - - - - 0.04 - 0 . 5
HISF % - 4.47 5.72 5.31 5.00 6.77 3.93 4.34 - - - 6.47 - - - - - - 3.76 -
ALFALAH PKRbn 0.05 0.05 0.05 0.04 0.05 0.04 0.05 - - - 0.04 - - - - - - 0.04 - 0.04 0 . 5
AGAF % 3.94 3.99 4.66 3.88 4.59 3.76 4.07 - - - 3.67 - - - - - - 3.91 - 3.85
AKD PKRbn 0.20 - - - - - - - - - - - - - - - - - - - 0 . 2
AOF % 8.73 - - - - - - - - - - - - - - - - - - -
MCB-AH PKRbn - - 0.05 0.02 0.06 0.04 - 0.03 - 0.03 - 0.06 - - - - - - 0.02 - 0 . 3
PIEIF % - - 5.20 2.30 6.70 4.30 - 3.70 - 2.80 - 6.00 - - - - - - 2.30 -
JSIL PKRbn - 0.05 - - - - - - - - - - - - - - - - - - 0 . 0
JSVF % - 6.29 - - - - - - - - - - - - - - - - - -
JSIL PKRbn - 0.03 - - - - - - - - - - - - - - - - - - 0 . 0
UTP % - 4.29 - - - - - - - - - - - - - - - - - -
HBL PKRbn 0.06 0.06 0.07 - 0.08 0.06 0.08 - - - - 0.08 - - - - - - - - 0 . 5
HBLEF % 8.40 9.04 9.53 - 10.92 8.28 10.97 - - - - 11.44 - - - - - - - -
NAFA PKRbn - 0.00 - 0.00 - - - - - - - - - - - - - - 0.00 - 0 . 0
NIPPF-II % - 0.10 - 0.50 - - - - - - - - - - - - - - 0.50 -
UBL-FM PKRbn - 0.06 0.05 0.07 0.06 0.05 - 0.05 - 0.09 - 0.06 - - - - - - 0.05 - 0 . 5
AAIAAF % - 2.10 1.90 2.30 2.00 1.80 - 1.60 - 3.20 - 2.00 - - - - - - 1.60 -
JSIL PKRbn - 0.06 - - - 0.04 - - - - - - - - - - - - 0.04 - 0 . 1
JSISF % - 6.87 - - - 4.05 - - - - - - - - - - - - 4.50 -
11.6 10.28 8.28 7.66 6.45 5.93 4.93 4.57 4.47 4.43 4.18 3.31 2.71 2.71 2.0 2.03 2.03 1.48 1.45 1.15 91.7
% represents - percentage of total fund size invested in the script
P K Rb n
TOTAL
Source: MUFAP / FMRs
Monthly Fund Performance Review
Publishing Date: Friday, 17 November 2017
Page | 11
AMC
FUND SCRI P P SO MARI OGD C ENGRO P OL HUBC SNGP L UCK P K GS EFERT BAFL P P L BATA P AK T ABOT FFC SAP T UBL NML HBL TOTAL
HBL PKRbn - 0.02 0.02 0.02 0.01 0.02 - 0.01 - - - 0.02 - - - - - 0.02 - 0.01 0 . 1
HMAF % - 3.19 3.50 3.58 2.82 4.05 - 2.64 - - - 3.61 - - - - - 3.28 - 2.70
MCB-AH PKRbn - 0.01 0.01 - 0.01 - - 0.00 - - 0.01 0.01 - - - - - - - - 0 . 0
PCMF % - 3.70 2.60 - 4.00 - - 1.80 - - 2.10 3.90 - - - - - - - -
UBL-FM PKRbn - 0.02 - 0.02 0.02 0.01 - 0.01 - 0.03 - 0.01 - - - - - 0.01 - 0.02 0 . 2
UAAF % - 2.50 - 2.00 2.20 1.50 - 1.40 - 2.80 - 1.40 - - - - - 1.50 - 2.50
NAFA PKRbn 0.03 0.05 0.03 0.04 0.07 - - - - - - 0.04 - - - - - 0.03 0.03 - 0 . 3
NAAF % 1.70 2.90 1.90 2.30 4.00 - - - - - - 2.40 - - - - - 1.80 1.70 -
NAFA PKRbn 0.02 0.03 - 0.02 0.03 - - - - - - 0.02 - - - - - - 0.02 - 0 . 1
NMF % 1.80 2.80 - 2.30 3.30 - - - - - - 2.40 - - - - - - 2.50 -
MCB-AH PKRbn - - 0.02 0.02 0.02 0.02 - 0.01 - - 0.03 - - - - - - - - - 0 . 1
PAAF % - - 2.00 2.10 2.00 2.60 - 1.50 - - 3.00 - - - - - - - - -
ALFALAH PKRbn 0.05 0.05 0.06 0.05 0.06 0.05 0.05 - - - 0.05 - - - - - - 0.05 - 0.05 0 . 5
AGVF % 3.15 3.19 3.90 3.05 3.61 3.06 3.29 - - - 2.86 - - - - - - 2.84 - 2.85
JSIL PKRbn - 0.04 - - - - - - - - - - - - - - - - - - 0 . 0
JSLCF % - 7.81 - - - - - - - - - - - - - - - - - -
FAYSAL PKRbn - 0.00 0.00 0.00 0.00 0.00 0.00 - - - - - - - - - - - - - 0 . 0
FAAF % - 4.44 1.90 2.10 1.56 4.26 4.11 - - - - - - - - - - - - -
NAFA PKRbn - - - - - - - - - - - - - - - - - - - - -
NIPPF-I % - - - - - - - - - - - - - - - - - - - -
FAYSAL PKRbn - 0.01 0.00 0.00 - 0.01 0.01 - - - - - - - - - - - - - 0 . 0
FIAAF % - 3.40 2.69 1.63 - 7.21 6.17 - - - - - - - - - - - - -
ASKARI PKRbn 0.00 0.00 - 0.00 0.00 0.00 0.00 - - - - 0.00 - - - - - - - 0.00 0 . 0
AAAF % 2.39 2.55 - 4.90 4.16 4.97 4.04 - - - - 2.43 - - - - - - - 2.21
ASKARI PKRbn 0.00 0.00 0.00 0.01 0.01 0.01 0.01 - - - - 0.00 - - - - - - - 0.00 0 . 0
AEF % 3.98 3.23 2.49 6.71 6.82 7.23 5.48 - - - - 4.44 - - - - - - - 2.56
HBL PKRbn - 0.01 0.01 0.01 0.01 0.13 - 0.01 - - - 0.01 - - - - - 0.01 - 0.01 0 . 2
HBL-EF % - 4.58 5.05 4.70 3.72 57.90 - 3.36 - - - 4.87 - - - - - 4.33 - 3.58
HBL PKRbn - 0.04 0.03 0.05 0.05 0.07 0.04 0.05 - - - 0.06 - - - - - - 0.04 - 0 . 4
HBLIEF % - 4.44 3.31 5.50 5.11 7.19 4.05 5.07 - - - 6.29 - - - - - - 4.22 -
PRIMUS PKRbn - - - - - - - - - - - - - - - - - - - - -
PVEF % - - - - - - - - - - - - - - - - - - - -
PRIMUS PKRbn - - - - - - - - - - - - - - - - - - - - -
PIEF % - - - - - - - - - - - - - - - - - - - -
11.6 10.28 8.28 7.66 6.45 5.93 4.93 4.57 4.47 4.43 4.18 3.31 2.71 2.71 2.0 2.03 2.03 1.48 1.45 1.15 91.7
% represents - percentage of total fund size invested in the script
P K Rbn
TOTAL
Source: MUFAP / FMRs
Monthly Fund Performance Review
Publishing Date: Friday, 17 November 2017
Page | 12
Top Holdings of AMCs in Equities By scrip – Monthly change
S No Scrip Oct-17 Sep-17 ∆ S No Scrip Oct-17 Sep-17 ∆
1 PSO 11.61 13.63 (2.01) 41 KAPCO 0.09 0.14 (0.05)
2 MARI 10.28 12.03 (1.75) 42 BAHL 0.08 3.86 (3.78)
3 OGDC 8.28 9.20 (0.92) 43 PCAL 0.08 0.08 (0.01)
4 ENGRO 7.66 9.09 (1.43) 44 RMPL 0.07 0.08 (0.00)
5 POL 6.45 3.43 3.02 45 AGIL 0.07 0.05 0.02
6 HUBC 5.93 7.84 (1.90) 46 OLPL 0.07 0.08 (0.01)
7 SNGP 4.93 6.98 (2.05) 47 EFUG 0.07 0.07 (0.01)
8 LUCK 4.57 6.66 (2.09) 48 DAWH 0.06 0.07 (0.00)
9 PKGS 4.47 5.12 (0.66) 49 KOHC 0.06 0.06 (0.00)
10 EFERT 4.43 4.15 0.28 50 INIL 0.04 2.33 (2.28)
11 BAFL 4.18 0.76 3.42 51 AABS 0.04 0.04 (0.01)
12 PPL 3.31 4.08 (0.77) 52 APL 0.03 0.14 (0.11)
13 BATA 2.71 2.93 (0.22) 53 SHEL 0.02 0.03 (0.01)
14 PAKT 2.71 2.93 (0.22) 54 SPEL 0.02 0.03 (0.01)
15 ABOT 2.03 2.20 (0.16) 55 PNSC 0.02 0.03 (0.00)
16 FFC 2.03 2.20 (0.16) 56 KTML 0.02 0.13 (0.10)
17 SAPT 2.03 - 2.03 57 NCL 0.02 0.18 (0.16)
18 UBL 1.48 2.20 (0.72) 58 SHFA 0.02 0.02 (0.00)
19 NML 1.45 2.75 (1.30) 59 ATRL 0.02 - 0.02
20 HBL 1.15 1.07 0.08 60 CEPB 0.02 - 0.02
21 MCB 0.80 0.92 (0.11) 61 MUGHAL 0.01 0.00 0.01
22 DGKC 0.70 0.62 0.08 62 FABL 0.01 0.01 0.00
23 INDU 0.55 0.79 (0.25) 63 TGL 0.00 0.00 0.00
24 ICI 0.32 0.40 (0.07) 64 NRL 0.00 0.01 (0.00)
25 ISL 0.31 0.42 (0.10)
26 EPCL 0.31 0.04 0.28
27 ABL 0.31 0.37 (0.06)
28 PAEL 0.24 0.47 (0.23)
29 CHCC 0.22 - 0.22
30 THALL 0.21 1.39 (1.18)
31 ACPL 0.20 0.03 0.16
32 TRG 0.18 0.20 (0.02)
33 MTL 0.18 0.45 (0.27)
34 IGIIL 0.17 0.14 0.03
35 KEL 0.15 0.19 (0.04)
36 SHJS 0.14 0.14 (0.01)
37 JVDC 0.12 0.13 (0.00)
38 SEARL 0.12 0.13 (0.02)
39 AICL 0.11 0.19 (0.08)
40 JSCL 0.11 0.20 (0.09)
Total - Top Holdings 98.09 115.60 (17.51)
* Change during the month includes impact of buying/selling as well as movement in share price during the month.
Exhibi t: Equity holdings by AMCs (PKRbn) - Top 15
Source: MUFAP / FMRs, OEF=Open-Ended Funds, MoM=Month on Month
AUM PKRbn PKRbn AUM Exhibi t: Equity holdings in (PKRbn) - Top 15
36.4
21.7
17.4
17.3
16.9
8.0
7.5
4.2
2.8
1.7
1.4
0.7
0.5
0.4
0.4
39.7
27.7
23.6
17.1
19.7
10.7
8.0
4.5
4.5
2.2
2.0
0.8
0.5
0.4
0.4
ENPs
OMCs
Cements
Ferts
Banks
Power
Pharma
Leather
Textile
Automob ile
Eng ineering
Chemical
Insurance
Paper & Board
Techno logy
Oct-17 Sep-17
73.3
71.8
29.5
21.6
14.8
13.9
13.3
11.0
6.3
6.0
3.6
2.8
0.4
0.3
78.7
76.6
33.0
23.6
15.8
16.3
13.1
13.5
6.7
6.4
4.1
3.3
0.6
0.4
- 20 40 60 80 100
NITL
AL-MEEZAN
NAFA
UBL
ABL
MCB-AH
HBL AM
ALFALA H
ATLAS
JSIL
LIL
AKD
FAYSAL
POAMCL
Oct-17 Sep-17
Monthly Fund Performance Review
Publishing Date: Friday, 17 November 2017
Page | 13
Top Performers Categorized on Month-to-date (MTD) basis
MTD 180D 365D
ConservativeMoney Market NAFA Money Market Fund 10.0 5.5 6.0 6.4
Shariah Compliant Money Market Al Ameen Islamic Cash Fund 101.7 4.5 4.3 4.6
Shariah Compliant Capital Protected NAFA Islamic Principal Protected Fund I 104.9 0.4 0.8 17.1
Capital Protected JS Capital Protected Fund V 101.3 (0.2) (0.1) 3.8
Moderate
Income Dawood Income Fund 84.1 43.0 15.3 19.1
Shariah Compliant Income JS Islamic Income Fund (Formerly: JS Islamic Government Securities Fund)101.9 7.8 4.0 2.0
Shariah Compliant Fund of Funds JS Islamic Hybrid Fund of Funds (Mufeed) 82.2 - N/A N/A
Fund of Funds UBL Conservative Allocation Plan 100.4 0.4 N/A N/A
Shariah Compliant Fund of Funds - CPPI NAFA Islamic Principal Preservation Fund 101.8 (0.3) (0.3) 10.3
Aggress ive
Equity HBL Energy Fund (Formerly: PICIC Energy Fund) 14.6 (2.6) (8.7) 13.3
Shariah Compliant Equity Meezan Energy Fund 47.7 (3.6) (11.3) N/A
Asset Allocation Lakson Asset Allocation Developed Markets Fund 122.8 1.2 4.0 10.2
Aggressive Fixed Income BMA Chundrigar Road Savings Fund 8.4 12.5 6.1 6.0
Shariah Compliant Asset Allocation HBL Islamic Asset Allocation Fund 101.5 (1.2) (4.8) 4.2
Index Tracker AKD Index Tracker Fund 14.1 (5.0) (17.6) (0.5)
Shariah Compliant Index Tracker Meezan Energy Fund 47.7 (3.6) (11.3) N/A
Balanced Pakistan Capital Market Fund 10.6 (2.4) (10.6) 8.3
Shariah Compliant Balanced Meezan Balanced Fund 15.2 (4.0) (13.6) 0.1
Commodities Atlas Gold Fund 105.0 - 3.8 1.5
NAVReturn %
Source: FMRs / MUFAP
Category Fund Name
Monthly Fund Performance Review
Publishing Date: Friday, 17 November 2017
Page | 14
Top Performers Categorized on Year-to-date (YTD) basis
YTD 180D 365D
ConservativeMoney Market NAFA Money Market Fund 10.0 5.5 6.0 6.4
Shariah Compliant Money Market Al Ameen Islamic Cash Fund 101.7 4.4 4.3 4.6
Shariah Compliant Capital Protected NAFA Islamic Principal Protected Fund I 104.9 1.1 0.8 17.1
Capital Protected JS Capital Protected Fund V 101.3 (0.4) (0.1) 3.8
ModerateIncome Dawood Income Fund 84.1 19.2 15.3 19.1
Shariah Compliant Income NAFA Riba Free Savings Fund 10.4 4.8 5.0 5.6
Shariah Compliant Fund of Funds JS Islamic Hybrid Fund of Funds (Mustanad) 103.7 3.7 N/A N/A
Fund of Funds UBL Conservative Allocation Plan 100.4 0.4 N/A N/A
Shariah Compliant Fund of Funds - CPPI NAFA Islamic Principal Preservation Fund 101.8 (0.4) (0.3) 10.3
AggressiveEquity HBL Energy Fund (Formerly: PICIC Energy Fund) 14.6 (3.2) (8.7) 13.3
Shariah Compliant Equity Meezan Energy Fund 47.7 (5.0) (11.3) N/A
Asset Allocation Lakson Asset Allocation Developed Markets Fund 122.8 3.2 4.0 10.2
Aggressive Fixed Income BMA Chundrigar Road Savings Fund 8.4 6.1 6.1 6.0
Shariah Compliant Asset Allocation HBL Islamic Asset Allocation Fund 101.5 (3.9) (4.8) 4.2
Index Tracker AKD Index Tracker Fund 14.1 (13.7) (17.6) (0.5)
Shariah Compliant Index Tracker Meezan Energy Fund 47.7 (5.0) (11.3) N/A
Balanced First Dawood Mutual Fund 21.2 (8.1) (8.3) 42.5
Shariah Compliant Balanced Meezan Balanced Fund 15.2 (10.2) (13.6) 0.1
Commodities Atlas Gold Fund 105.0 2.7 3.8 1.5 Source: FMRs / MUFAP
Category Fund Name NAVReturn %
Monthly Fund Performance Review
Publishing Date: Friday, 17 November 2017
Page | 15
Performance Summary
% Rank % Rank % Rank % Rank
Mon ey Market
ABL Cash Fund AA(f) 14.5 10.2 - 20 5.3 5 7.4 3 8.6 2
AKD Cash Fund AA+(f) 0.1 51.0 4.3 18 4.6 19 5.1 14 6.3 15
Alfalah GHP Cash Fund AA(f) 0.1 503.5 4.4 17 4.0 22 4.6 21 6.4 12
Alfalah GHP Money Market Fund AA(f) 1.7 99.1 5.2 8 5.2 11 4.7 20 5.5 19
Askari Sovereign Cash Fund AA+(f) 1.3 101.9 5.1 10 4.6 20 5.2 13 8.4 3
Atlas Money Market Fund AA(f) 9.8 511.0 5.4 4 5.4 2 5.7 10 6.2 16
Atlas Sovereign Liquid Fund AA(f) 0.2 101.7 4.8 14 4.8 17 13.7 1 9.4 1
BMA Empress Cash Fund AA+(f) 0.1 10.3 4.4 16 4.5 21 4.9 18 4.8 22
Faysal Money Market Fund AA(f) 2.0 103.0 5.1 9 5.2 9 5.9 8 7.0 8
First Habib Cash Fund AA(f) 2.0 102.2 5.3 7 5.4 4 5.3 12 6.6 11
HBL Money Market Fund AA(f) 5.4 103.5 5.0 12 5.1 12 5.7 9 6.6 10
JS Cash Fund AA+(f) 0.6 103.3 5.0 13 5.0 14 5.0 17 5.6 18
Lakson Money Market Fund AA(f) 6.4 101.9 5.4 3 5.3 8 6.0 6 6.8 9
MCB Cash Management Optimizer AA(f) 12.0 102.3 5.4 4 5.3 7 5.9 7 7.2 7
NAFA Government Securities Liquid Fund AAA(f) 5.2 10.3 5.4 4 5.2 9 5.1 15 7.6 5
NAFA Money Market Fund AA(f) 24.0 10.0 5.5 1 5.5 1 6.0 5 6.4 13
NIT Government Treasury Fund AA+(f) 1.5 10.2 5.1 10 5.1 13 5.1 16 5.0 21
Pakistan Cash Management Fund AAA(f) 0.7 51.1 4.8 15 4.8 16 6.5 4 8.2 4
HBL Cash Fund N/A 10.8 102.3 5.5 2 5.4 3 8.4 2 7.2 6
PIML Daily Reserve Fund AA(f) 0.1 82.0 4.1 19 4.7 18 4.6 22 6.1 17
UBL Liquidity Plus Fund AA(f) 6.1 102.5 - 20 5.3 5 5.4 11 6.3 14
UBL Money Market Fund AA(f) 1.0 102.1 - 20 4.9 15 4.8 19 5.4 20
Average Ret urns 1 0 5 . 6 4 . 3 5 . 0 6 . 0 6 . 7
Cap it al P rot ec t ed Funds
UBL Capital Protected Fund III N/A 0.4 98.1 (0.6) 2 (2.0) 2 (1.8) 3 N/A N/A
JS Capital Protected Fund V N/A 0.3 101.3 (0.2) 1 (0.4) 1 (0.1) 2 3.8 1
Average Ret urns 0 . 7 (0 . 3 ) (0 . 8 ) (0 . 7 ) 1 . 9
1 8 0 D 3 6 5 DFun d Rat ing
AUM
(P K Rbn)NAV
MTD YTD
Monthly Fund Performance Review
Publishing Date: Friday, 17 November 2017
Page | 16
% Rank % Rank % Rank % Rank
I n c o m e Fu n d s
ABL Government Securities Fund A(f) 3.0 10.2 5.0 16 5.0 10 5.0 16 7.0 4
ABL Income Fund A(f) 3.4 10.2 5.5 4 4.7 18 5.1 11 5.8 15
Alfalah GHP Income Fund A+(f) 0.7 113.6 5.3 8 4.3 24 4.2 28 5.4 24
Alfalah GHP Sovereign Fund AA-(f) 1.2 107.3 5.1 14 4.4 22 4.4 26 5.5 22
Askari Sovereign Yield Enhancer A+(f) 0.2 103.4 4.0 27 4.1 28 4.2 27 4.9 25
Atlas Income Fund AA-(f) 9.2 520.4 4.9 18 4.7 17 5.1 11 5.4 23
Faysal Financial Sector Opportunity Fund AA-(f) 0.2 102.9 5.2 9 4.4 20 4.6 24 6.0 12
Faysal MTS Fund A+(f) 0.3 102.1 4.8 19 5.4 4 6.5 4 5.9 13
Faysal Savings Growth Fund AA-(f) 2.8 103.5 3.8 28 4.2 26 4.7 22 6.1 10
First Habib Income Fund AA-(f) 1.1 103.5 5.1 11 5.0 12 5.0 16 6.4 8
HBL Income Fund A(f) 4.2 107.5 5.0 15 4.3 25 4.5 25 4.9 26
JS Income Fund A+(f) 3.0 97.6 4.7 20 5.4 6 5.7 6 6.1 11
Lakson Income Fund A+(f) 4.4 102.4 5.4 6 4.9 14 7.2 2 6.8 6
MCB DCF Income Fund A+(f) 6.0 108.0 4.3 25 4.3 23 4.8 19 6.4 7
MCB Pakistan Sovereign Fund AA-(f) 1.1 54.0 5.1 11 4.9 15 5.3 9 6.2 9
NAFA Financial Sector Income Fund A+(f) 1.8 10.7 5.9 2 6.2 3 6.1 5 8.4 2
NAFA Government Securities Savings Fund AA-(f) 0.2 10.5 4.6 22 4.8 16 4.7 21 5.8 15
NAFA Income Fund A(f) 0.8 9.9 5.4 5 5.4 4 5.5 7 5.9 14
NAFA Income Opportunity Fund A(f) 9.3 10.9 4.6 23 5.0 13 5.1 10 5.6 18
NAFA Savings Plus Fund AA-(f) 0.4 10.3 5.4 6 5.3 8 5.4 8 8.0 3
NIT − Government Bond Fund N/A 4.3 10.1 5.0 17 5.0 11 5.0 14 5.6 17
NIT − Income Fund N/A 5.2 10.5 5.1 11 5.1 9 5.0 15 5.6 19
Pak Oman Government Securities Fund A+(f) 0.3 10.8 5.6 3 5.3 7 5.1 13 4.7 28
Pakistan Income Fund A+(f) 1.5 54.6 4.1 26 4.5 19 5.0 16 6.9 5
HBL Government Securities Fund N/A 0.7 107.0 4.4 24 4.4 21 4.8 19 5.5 21
PIML Income Fund A+(f) 0.7 107.5 5.2 10 6.9 2 6.7 3 5.6 19
UBL Government Securities Fund A(f) 3.1 107.1 4.7 21 4.2 26 4.7 22 4.8 27
UBL Income Opportunity Fund (UIOF) A-(f) 0.1 111.1 3.3 29 3.0 29 3.2 29 3.9 29
Dawood Income Fund A+(f) 0.3 84.1 43.0 1 19.2 1 15.3 1 19.1 1
Average Ret u rn s 6 9 . 7 6 . 2 5 . 3 5 . 4 6 . 3
Aggressive Fix ed I n c o m e Fu n d s
AKD Aggressive Income Fund BBB+(f) 0.8 52.1 5.1 4 2.6 7 3.5 7 4.9 7
Alfalah GHP Income Multiplier Fund A+(f) 1.6 54.1 5.4 2 4.5 4 5.0 3 5.7 3
Askari High Yield Scheme A(f) 3.1 103.0 4.1 6 3.8 5 4.2 6 5.1 6
BMA Chundrigar Road Savings Fund A+(f) 0.2 8.4 12.5 1 6.1 1 6.1 1 6.0 2
Faysal Income & Growth Fund A(f) 1.1 107.5 4.3 5 4.6 3 4.9 5 5.2 5
Pakistan Income Enhancement Fund A+(f) 2.3 54.1 5.4 3 5.8 2 5.8 2 6.0 1
United Growth & Income Fund A(f) 4.8 86.0 - 7 3.8 6 5.0 3 5.2 4
Average Ret u rn s 1 3 . 9 5 . 3 4 . 4 4 . 9 5 . 4
Balan c ed Fu n d s
Faysal Balanced Growth Fund N/A 0.2 63.3 (5.8) 6 (13.8) 6 (18.6) 6 (3.8) 6
HBL Multi Asset Fund N/A 0.9 98.8 (3.6) 3 (11.8) 4 (14.5) 4 3.2 4
NAFA Multi Asset Fund N/A 1.7 17.4 (3.7) 4 (9.1) 3 (11.2) 3 6.5 3
Pakistan Capital Market Fund N/A 0.6 10.6 (2.4) 1 (8.2) 2 (10.6) 2 8.3 2
Primus Strategic Multi Asset Fund N/A 0.1 100.9 (6.8) 7 (15.5) 7 (19.5) 7 (5.1) 7
Unit Trust of Pakistan N/A 1.4 161.8 (5.3) 5 (13.6) 5 (14.8) 5 2.0 5
First Dawood Mutual Fund N/A 0.2 21.2 (2.8) 2 (8.1) 1 (8.3) 1 42.5 1
Average Ret u rn s 5 . 2 (4 . 3 ) (1 1 . 4 ) (1 3 . 9 ) 7 . 6
I n d ex Trac ker Fu n d s
AKD Index Tracker Fund N/A 0.44 14.1 (5.0) 1 (13.7) 1 (17.6) 1 (0.5) 1
Average Ret u rn s 0 . 4 (5 . 0 ) (1 3 . 7 ) (1 7 . 6 ) (0 . 5 )
Fu n d Rat in gAUM
(P K Rb n )NAV
MTD YTD 1 8 0 D 3 6 5 D
Monthly Fund Performance Review
Publishing Date: Friday, 17 November 2017
Page | 17
% Rank % Rank % Rank % Rank
Asset Allo c at io n Fu n d s
Alfalah GHP Value Fund N/A 2.4 60.3 (4.3) 8 (14.5) 10 (17.1) 8 1.1 6
Askari Asset Allocation Fund N/A 0.2 45.0 (4.0) 7 (14.7) 11 (18.3) 10 (7.4) 11
Faysal Asset Allocation Fund N/A 0.2 55.8 (8.5) 13 (18.8) 13 (28.5) 13 (11.3) 13
Lakson Asset Allocation Developed Markets Fund N/A 0.2 122.8 1.2 1 3.2 1 4.0 1 10.2 1
Lakson Islamic Tactical Fund N/A 0.2 90.7 (4.6) 10 (10.7) 7 (11.6) 6 (2.9) 9
Lakson Tactical Fund N/A 1.2 95.6 (3.7) 5 (10.4) 5 (10.0) 5 1.5 5
MCB Pakistan Asset Allocation Fund N/A 3.1 76.9 (2.8) 4 (5.1) 3 (6.3) 4 (0.9) 7
MCB Pakistan Frequent Payout Fund N/A 0.7 100.8 - 2 0.7 2 1.5 2 4.7 4
Meezan Asset Allocation Fund N/A 2.9 43.6 (6.1) 12 (14.3) 9 (20.3) 11 (1.0) 8
NAFA Asset Allocation Fund N/A 3.0 15.2 (3.7) 5 (10.5) 6 (11.9) 7 5.6 3
Pak Oman Advantage Asset Allocation Fund N/A 0.2 53.0 (4.5) 9 (17.0) 12 (21.4) 12 (6.9) 10
PIML Asset Allocation Fund N/A 0.2 89.7 (5.0) 11 (13.4) 8 (17.5) 9 (10.7) 12
UBL Asset Allocation Fund N/A 2.6 127.8 (2.0) 3 (5.2) 4 (6.0) 3 5.8 2
Average Ret u rn s 1 7 . 0 (3 . 7 ) (1 0 . 1 ) (1 2 . 6 ) (0 . 9 )
Fu n d o f Fu n d s
ABL Financial Planning Fund (Active Plan) N/A 0.7 93.9 (4.8) 11 (13.6) 11 (17.8) 7 (2.7) 6
ABL Financial Planning Fund (Conservative Plan) N/A 0.3 106.8 (0.9) 8 (2.5) 6 (2.8) 2 4.4 2
Alfalah GHP Prosperity Planning Fund (Active) N/A 0.5 104.2 (3.1) 10 (11.2) 9 (13.6) 5 0.7 5
Alfalah GHP Prosperity Planning Fund (Cons) N/A 0.4 107.9 (0.6) 6 (1.9) 5 (2.0) 1 4.3 3
Alfalah GHP Prosperity Planning Fund (Moderate) N/A 0.8 101.4 (1.4) 9 (5.2) 8 (6.2) 4 3.4 4
ABL Financial Planning Fund (Strategic Allocation Plan) N/A 0.9 96.4 (0.9) 7 (4.1) 7 (6.1) 3 N/A N/A
UBL Conservative Allocation Plan N/A 0.8 100.4 0.4 1 0.4 1 N/A N/A N/A N/A
HBL Financial Planning Fund (Active Allocation Plan) N/A 0.2 100.1 0.1 2 0.1 2 N/A N/A N/A N/A
HBL Financial Planning Fund (Conservative Allocation Plan)N/A 0.2 100.0 (0.0) 5 (0.0) 4 N/A N/A N/A N/A
HBL Financial Planning Fund (Strategic Allocation Plan) N/A 0.2 100.1 0.1 3 0.1 3 N/A N/A N/A N/A
JS Fund of Funds N/A 0.3 51.5 - 4 (11.6) 10 (13.6) 5 5.5 1
Average Ret u rn s 5 . 1 (1 . 0 ) (4 . 5 ) (8 . 9 ) 2 . 6
Co m m o d it ies Fu n d s
Atlas Gold Fund N/A 0.2 105.0 - 1 2.7 1 3.8 1 1.5 1
Meezan Gold Fund N/A 0.4 51.8 - 1 2.6 2 3.0 2 (1.6) 2
Average Ret u rn s 0 . 6 - 2 . 7 3 . 4 (0 . 1 )
Eq u it y Fu n d s
ABL Stock Fund N/A 5.7 13.8 (6.9) 16 (18.4) 15 (22.4) 16 (0.2) 12
AKD Opportunity Fund N/A 2.5 82.4 (10.2) 20 (13.9) 4 (19.9) 10 (4.4) 15
Alfalah GHP Alpha Fund N/A 1.4 70.4 (5.4) 6 (16.8) 11 (19.9) 9 1.8 9
Alfalah GHP Stock Fund N/A 2.2 129.7 (5.5) 7 (17.4) 13 (20.5) 13 1.3 10
Askari Equity Fund N/A 0.1 99.2 (5.9) 11 (19.3) 18 (23.9) 18 (10.4) 19
Atlas Stock Market Fund N/A 4.8 571.1 (5.8) 9 (12.4) 2 (15.1) 2 7.2 3
First Capital Mutual Fund N/A 0.2 9.7 (7.7) 18 (19.8) 19 (26.9) 20 (11.3) 20
First Habib Stock Fund N/A 0.1 85.7 (4.7) 2 (18.6) 16 (23.8) 17 (5.6) 17
HBL Stock Fund N/A 5.1 100.5 (5.6) 8 (17.2) 12 (20.9) 14 (1.6) 14
JS Growth Fund N/A 2.2 186.5 (5.9) 10 (15.6) 8 (19.8) 8 4.3 5
JS Large Cap Fund N/A 0.6 132.2 (6.5) 15 (15.8) 9 (16.6) 3 8.4 2
JS Value Fund N/A 1.0 203.9 (7.3) 17 (18.7) 17 (22.3) 15 (4.5) 16
Lakson Equity Fund N/A 3.2 109.3 (6.5) 14 (16.5) 10 (20.1) 12 (1.1) 13
MCB Pakistan Stock Market Fund N/A 9.4 88.8 (5.2) 4 (13.4) 3 (17.6) 5 3.7 6
NAFA Stock Fund N/A 13.9 13.8 (5.3) 5 (14.7) 7 (17.7) 6 2.4 8
National Investment Unit Trust N/A 69.9 71.5 (6.4) 13 (14.7) 6 (18.8) 7 2.5 7
HBL Energy Fund N/A 0.8 14.6 (2.6) 1 (3.2) 1 (8.7) 1 13.3 1
HBL Equity Fund N/A 0.3 102.8 (6.0) 12 (17.5) 14 (20.1) 11 0.6 11
PIML Value Equity Fund N/A 0.1 104.2 (8.7) 19 (20.8) 20 (26.4) 19 (8.7) 18
UBL Stock Advantage Fund N/A 6.1 65.4 (5.2) 3 (14.3) 5 (17.2) 4 5.9 4
Average Ret u rn s 1 2 9 . 6 (6 . 2 ) (1 5 . 9 ) (1 9 . 9 ) 0 . 2
1 8 0 D 3 6 5 DFu n d Rat in g
AUM
(P K Rb n )NAV
MTD YTD
Monthly Fund Performance Review
Publishing Date: Friday, 17 November 2017
Page | 18
% Rank % Rank % Rank % Rank
Sh ar iah Co m p lian t Mo n ey Market Fu n d s
Al Ameen Islamic Cash Fund AA(f) 2.3 101.7 4.5 1 4.4 1 4.3 1 4.6 2
HBL Islamic Money Market Fund AA(f) 0.8 102.0 3.8 3 3.9 3 3.8 3 4.1 3
Meezan Cash Fund AA(f) 5.0 51.1 3.8 2 4.0 2 4.2 2 5.8 1
Average Ret u rn s 8 . 1 4 . 0 4 . 1 4 . 1 4 . 8
Sh ar iah Co m p lian t Cap it al P ro t ec t ed Fu n d s
NAFA Islamic Principal Protected Fund I N/A 0.1 104.9 0.4 1 1.1 1 0.8 1 17.1 1
NAFA Islamic Principal Protected Fund II N/A 0.1 101.0 (0.3) 2 (0.6) 2 (0.5) 2 16.3 2
Average Ret u rn s 0 . 2 0 . 1 0 . 3 0 . 2 1 6 . 7
Sh ar iah Co m p lian t Fu n d o f Fu n d s - CP P I Fu n d s
NAFA Islamic Principal Preservation Fund N/A 0.3 101.8 (0.3) 1 (0.4) 1 (0.3) 1 10.3 1
Average Ret u rn s 0 . 3 (0 . 3 ) (0 . 4 ) (0 . 3 ) 1 0 . 3
Sh ar iah Co m p lian t I n c o m e Fu n d s
ABL Islamic Income Fund A(f) 2.8 10.3 4.5 8 4.0 8 4.3 6 5.1 5
Al Ameen Islamic Sovereign Fund AA-(f) 1.1 101.4 4.3 11 1.5 15 3.7 14 3.7 15
Alfalah GHP Islamic Income Fund A+(f) 2.2 102.5 4.4 10 3.7 10 4.3 7 5.0 8
Askari Islamic Income Fund A+(f) 0.5 102.5 4.6 7 4.0 9 4.0 10 5.1 6
Atlas Islamic Income Fund AA-(f) 1.3 510.8 5.0 4 4.7 2 5.4 2 5.5 4
Faysal Islamic Savings Growth Fund A(f) 1.2 103.9 4.2 13 3.7 10 3.8 13 4.2 12
JS Islamic Government Securities Fund N/A 0.1 101.9 7.8 1 1.0 16 4.0 9 2.0 16
Alhamra Islamic Income Fund N/A 1.7 102.6 5.2 3 4.4 5 4.9 4 6.3 1
Meezan Islamic Income Fund A-(f) 9.1 51.9 1.8 16 2.7 13 3.1 15 4.3 10
Meezan Sovereign Fund AA(f) 2.8 51.5 4.5 9 0.6 17 3.1 16 4.3 10
NAFA Active Allocation Riba Free Savings Fund A-(f) - 10.1 3.8 15 3.7 12 3.9 11 3.7 14
NAFA Riba Free Savings Fund A(f) 3.4 10.4 5.0 6 4.8 1 5.0 3 5.6 2
NIT Islamic Income Fund N/A 0.5 10.2 4.1 14 4.2 7 4.1 8 4.4 9
Pak Oman Advantage Islamic Income Fund A+(f) 0.3 53.2 5.0 5 4.2 6 4.3 5 5.0 7
HBL Islamic Income Fund N/A 1.2 102.6 6.3 2 4.6 3 5.8 1 5.5 3
PIML Islamic Income Fund A(f) 0.1 102.8 4.2 12 4.5 4 3.9 12 4.1 13
First Habib Islamic Income Fund N/A 0.1 100.9 4.3 12 2.7 14 2.7 N/A N/A N/A
Average Ret u rn s 2 8 . 3 4 . 7 0 3 . 5 4 . 2 4 . 6
Sh ar iah Co m p lian t Aggressive Fix ed I n c o m e Fu n d s
Al Ameen Islamic Aggressive Income Fund BBB+(f) 1.1 100.9 2.5 2 2.9 2 3.4 2 4.0 1
NAFA Islamic Aggressive Income Fund A-(f) 4.7 9.7 5.4 1 4.8 1 5.2 1 5.2 2
Average Ret u rn s 5 . 8 4 . 0 3 . 8 4 . 3 4 . 6
Sh ar iah Co m p lian t Balan c ed Fu n d s
Meezan Balanced Fund N/A 8.3 15.2 (4.0) 1 (10.2) 1 (13.6) 1 0.1 1
Average Ret u rn s 8 . 3 (4 . 0 ) (1 0 . 2 ) (1 3 . 6 ) 0 . 1
Sh ar iah Co m p lian t Asset Allo c at io n Fu n d s
Al Ameen Islamic Asset Allocation Fund N/A 8.2 113.3 (1.9) 2 (4.6) 2 (5.6) 2 6.2 2
Askari Islamic Asset Allocation Fund N/A 0.1 99.1 (4.8) 5 (16.4) 6 (19.1) 7 (7.5) 7
Faysal Islamic Asset Allocation Fund N/A 0.4 83.5 (6.9) 8 (16.5) 7 (17.2) 6 (6.6) 6
HBL Islamic Asset Allocation Fund N/A 2.4 101.5 (1.2) 1 (3.9) 1 (4.8) 1 4.2 3
NAFA Islamic Asset Allocation Fund N/A 12.8 15.3 (3.7) 4 (10.0) 4 (12.5) 4 2.3 4
Pak Oman Islamic Asset Allocation Fund N/A 0.3 55.3 (4.9) 6 (17.5) 8 (23.2) 9 (8.5) 9
Alhamra Islamic Asset Allocation Fund N/A 2.0 68.0 (2.0) 3 (6.9) 3 (8.5) 3 13.1 1
Alfalah GHP Islamic Value Fund N/A 0.3 - (20.0) 9 (20.0) 9 (20.0) 8 - 5
Dawood Islamic Fund N/A 0.1 116.7 (5.3) 7 (12.0) 5 (15.4) 5 (8.2) 8
Average Ret u rn s 2 6 . 6 (3 . 6 ) (1 0 . 8 ) (1 3 . 0 ) 0 . 5
Fu n d Rat in gAUM
(P K Rb n )NAV
MTD YTD 1 8 0 D 3 6 5 D
Monthly Fund Performance Review
Publishing Date: Friday, 17 November 2017
Page | 19
% Rank % Rank % Rank % Rank
Sh ar iah Co m p lian t Fu n d o f Fu n d s
ABL Islamic Financial Planning Fund (Active) N/A 1.4 100.9 (4.1) 47 (12.4) 37 (16.8) 25 (0.9) 15
ABL Islamic Financial Planning Fund (Aggressive) N/A 0.3 103.3 (4.2) 48 (12.0) 36 (15.0) 23 2.1 12
ABL Islamic Financial Planning Fund (Conservative) N/A 0.2 108.9 (0.9) 25 (2.7) 10 (3.0) 2 4.2 6
ABL Islamic Financial Planning Fund (Strategic II) N/A 0.9 92.2 (2.3) 34 (8.9) 21 (12.9) 12 (8.2) 23
ABL Islamic Financial Planning Fund (Strategic Plan) N/A 0.9 101.7 (3.3) 44 (9.9) 25 (14.1) 17 (2.2) 16
ABL Islamic Financial Planning Fund (Strategic III) N/A 1.1 96.5 (0.8) 24 (3.5) 12 (4.2) 3 N/A N/A
ABL Islamic Financial Planning Fund (Strategic Allocation Plan IV) 0.8 99.7 (0.6) 23 (0.3) 3 N/A N/A N/A N/A
Al Ameen Islamic Active Allocation Plan III N/A 1.5 114.5 (2.2) 33 (9.2) 23 (11.7) 8 6.4 1
Al Ameen Islamic Active Allocation Plan IV N/A 1.4 112.7 (2.4) 35 (10.6) 30 (13.0) 13 4.7 4
Al Ameen Islamic Active Allocation Plan V N/A 1.8 101.8 (1.8) 30 (9.9) 27 (13.9) 15 5.5 3
Al Ameen Islamic Active Allocation Plan VI N/A 2.2 95.0 (1.8) 31 (9.9) 27 (13.8) 14 N/A N/A
Al Ameen Islamic Active Allocation Plan VII N/A 1.7 89.8 (1.7) 29 (8.4) 20 (12.0) 9 N/A N/A
Al Ameen Islamic Active Allocation Plan IX N/A 3.8 98.8 (1.1) 27 (1.2) 5 N/A N/A N/A N/A
Alfalah GHP Islamic Prosperity Planning Fund (Active) N/A 1.5 95.9 (2.4) 37 (10.0) 29 (12.3) 11 2.8 10
Alfalah GHP Islamic Prosperity Planning Fund (Balance) N/A 2.9 103.0 (0.5) 22 (1.8) 6 (1.7) 1 4.5 5
Alfalah GHP Islamic Prosperity Planning Fund (Active II) N/A 1.9 90.9 (2.4) 35 (9.9) 25 (12.0) 10 (3.4) 21
Meezan Financial Planning Fund of Funds (Aggressive) N/A 0.5 69.7 - 1 (12.7) 38 (16.4) 24 (2.2) 17
Meezan Financial Planning Fund of Funds (Conservative)N/A 0.3 63.8 - 1 (3.8) 14 (4.9) 4 2.5 11
Meezan Financial Planning Fund of Funds (MAAP I) N/A 0.5 58.4 - 1 (6.4) 16 (11.4) 7 6.0 2
Meezan Financial Planning Fund of Funds (MAAP II) N/A 0.8 53.6 - 1 (14.1) 44 (18.7) 29 (3.1) 19
Meezan Financial Planning Fund of Funds (MAAP III) N/A 2.3 53.2 - 1 (14.1) 43 (18.8) 30 (3.0) 18
Meezan Financial Planning Fund of Funds (MAAP IV) N/A 0.6 46.5 - 1 (14.6) 45 (19.4) 31 (3.2) 20
Meezan Financial Planning Fund of Funds (Moderate) N/A 0.3 66.0 - 1 (8.3) 19 (11.0) 6 0.0 14
Meezan Strategic Allocation Fund (MSAP I) N/A 2.1 43.5 - 1 (13.7) 40 (18.1) 26 (6.1) 22
Meezan Strategic Allocation Fund (MSAP II) N/A 1.4 42.6 - 1 (13.8) 41 (18.2) 27 N/A N/A
Meezan Strategic Allocation Fund (MSAP III) N/A 1.5 41.7 - 1 (13.8) 42 (18) 28 N/A N/A
Meezan Strategic Allocation Fund (MSAP V) N/A 0.5 48.4 - 1 (3.3) 11 N/A N/A N/A N/A
NAFA Islamic Active Allocation Plan I N/A 0.5 118.1 (3.1) 40 (10.9) 32 (14.2) 18 3.1 7
NAFA Islamic Active Allocation Plan II N/A 0.6 109.5 (3.1) 41 (11.0) 34 (14.4) 20 2.8 8
NAFA Islamic Active Allocation Plan III N/A 0.8 104.2 (3.2) 43 (10.9) 33 (14.4) 19 2.8 9
NAFA Islamic Active Allocation Plan IV N/A 0.6 96.0 (3.3) 45 (11.0) 34 (14.5) 21 1.9 13
Alhamra Islamic Active Allocation Fund N/A 1.4 91.1 (2.7) 38 (8.9) 22 (10.0) 5 N/A N/A
Meezan Strategic Allocation Fund (MSAP IV) N/A 1.7 42.3 - 1 (12.9) 39 (14.9) 22 N/A N/A
NAFA Islamic Active Allocation Plan V N/A 1.3 88.0 (3.3) 46 (10.8) 31 (14.0) 16 N/A N/A
NAFA Islamic Active Allocation Plan VI N/A 0.6 85.3 (3.2) 42 (9.7) 24 N/A N/A N/A N/A
Alfalah GHP Islamic Prosperity Planning Fund (Acitve Allocation Plan III)N/A 1.0 93.9 (1.4) 28 (5.8) 15 N/A N/A N/A N/A
HBL Islamic Financial Planning Fund (Active Allocation Plan)N/A 0.3 97.5 (0.9) 26 (2.5) 9 N/A N/A N/A N/A
HBL Islamic Financial Planning Fund (Conservative Allocation Plan)N/A 0.1 98.2 (0.4) 21 (1.8) 7 N/A N/A N/A N/A
HBL Islamic Financial Planning Fund (Strategic Allocation Plan)N/A 4.2 99.2 (0.4) 20 (0.9) 4 N/A N/A N/A N/A
JS Islamic Hybrid Fund of Funds (Mufeed) N/A 0.1 82.2 - 1 (16.0) 48 N/A N/A N/A N/A
JS Islamic Hybrid Fund of Funds (Munafa) N/A 0.0 82.6 - 1 (15.6) 47 N/A N/A N/A N/A
JS Islamic Hybrid Fund of Funds(Mustahkem) N/A 0.2 95.7 - 1 (3.7) 13 N/A N/A N/A N/A
JS Islamic Hybrid Fund of Funds (Mustanad) N/A 0.1 103.7 - 1 3.7 1 N/A N/A N/A N/A
JS Islamic Hybrid Fund of Funds (Mutanasib) N/A 0.1 83.2 - 1 (15.5) 46 N/A N/A N/A N/A
Alhamra Islamic Active Allocation Fund II N/A 0.8 97.6 (0.0) 19 (2.4) 8 N/A N/A N/A N/A
NAFA Islamic Active Allocation Plan VII N/A 0.2 91.7 (2.9) 39 (8.3) 18 N/A N/A N/A N/A
JS Islamic Hybrid Fund of Funds (JSIAAP I) N/A 0.1 100.3 - 1 0.3 2 N/A N/A N/A N/A
Al Ameen Islamic Active Allocation Plan VIII N/A 4.3 89.7 (1.9) 32 (7.4) 17 N/A N/A N/A N/A
Average Ret u rn s 5 4 . 3 2 (1 . 3 ) (8 . 4 ) (1 3 . 2 ) 0 . 7
1 8 0 D 3 6 5 DFu n d Rat in g
AUM
(P K Rb n )NAV
MTD YTD
Monthly Fund Performance Review
Publishing Date: Friday, 17 November 2017
Page | 20
Source: MUFAP &FMRs
% Rank % Rank % Rank % Rank
Shar iah Com pliant I ndex Trac ker Funds
KSE Meezan Index Fund N/A 1.6 67.7 (6.1) 1 (15.0) 1 (21.7) 1 (1.5) 1
Average Ret urn s 1 . 6 (6 . 1 ) (1 5 . 0 ) (2 1 . 7 ) (1 . 5 )
Shar iah Com pliant Equ it y Funds
ABL Islamic Stock Fund N/A 2.0 14.3 (6.1) 16 (17.7) 18 (21.9) 15 1.5 9
Al Ameen Islamic Dedicated Equity Fund N/A - 113.5 (5.1) 8 (15.1) 5 (19.3) 7 3.6 4
Al Ameen Shariah Stock Fund N/A 7.3 131.1 (5.1) 6 (14.5) 4 (18.3) 5 6.4 2
Al Meezan Mutual Fund N/A 6.3 17.6 (6.7) 17 (17.0) 13 (22.2) 16 (2.4) 14
Alfalah GHP Islamic Stock Fund N/A 4.3 60.8 (5.2) 9 (16.5) 12 (19.6) 9 2.9 5
Atlas Islamic Stock Fund N/A 2.3 508.8 (5.3) 11 (11.6) 3 (14.3) 4 5.6 3
HBL Islamic Stock Fund N/A 1.3 107.1 (5.3) 10 (17.6) 17 (21.9) 14 (1.0) 13
JS Islamic Fund N/A 1.3 107.7 (7.0) 19 (17.6) 16 (20.1) 12 2.1 8
Alhamra Islamic Stock Fund N/A 2.1 10.3 (5.5) 12 (16.1) 11 (18.5) 6 2.5 6
Meezan Islamic Fund N/A 35.1 63.3 (6.9) 18 (17.2) 14 (22.6) 17 (3.4) 15
NAFA Islamic Active Allocation Equity Fund N/A - 11.1 (5.6) 14 (15.8) 8 (19.9) 11 0.8 10
NAFA Islamic Energy Fund N/A 2.0 12.4 (3.8) 2 (5.5) 2 (10.6) 2 11.5 1
NAFA Islamic Stock Fund N/A 6.5 11.1 (5.0) 5 (15.1) 6 (19.7) 10 2.2 7
NIT Islamic Equity Fund N/A 4.1 10.0 (4.1) 3 (15.9) 9 (21.4) 13 (3.5) 16
HBL Islamic Equity Fund N/A 0.2 88.7 (4.9) 4 (16.0) 10 (19.6) 8 (0.6) 12
PIML Islamic Equity Fund N/A 0.1 106.5 (7.9) 20 (22.1) 21 (27.5) 20 (11.5) 18
Meezan Energy Fund N/A 1.6 47.7 (3.6) 1 (5.0) 1 (11.3) 3 N/A N/A
ABL Islamic Dedicated Stock Fund N/A - 8.3 (6.0) 15 (17.3) 15 (23.0) 18 N/A N/A
Alfalah GHP Islamic Dedicated Equity Fund N/A - 81.7 (5.1) 7 (15.7) 7 N/A N/A N/A N/A
Meezan Dedicated Equity Fund N/A - - (20.0) 21 (20.0) 20 - 1 - 11
First Habib Islamic Stock Fund N/A 0.1 83.5 (5.5) 12 (19.9) 19 (26.3) 19 (8.9) 17
Average Ret urn s 7 6 . 3 (6 . 2 ) (1 4 . 1 ) (1 8 . 9 ) 0 . 4
Tot al - Asset s Under Managem ent 5 5 8
YTD 1 8 0 D 3 6 5 DFund Rat ing
AUM
(P K Rbn)NAV
MTD
Monthly Fund Performance Review
Publishing Date: Friday, 17 November 2017
Page | 21
JamaPunji Fundamental knowledge and understanding of financial market is crucial for
general public and lack of financial literacy and capability makes general
public vulnerable to frauds. The Securities and Exchange Commission of
Pakistan (SECP) while recognizing the importance of investor education has
initiated an investor education program, ‘Jamapunji’.
It aspires to improve their financial literacy and capability which can help
them make sound financial decisions through the provision of general
financial education across the entire financial sector, ranging from banking
and insurance to investing and retirement planning as well as generic money
management.
Jamapunji would help the investors to take prudent measures before
entering into a contractual agreement with a financial services provider,
educate investors on strategies to mitigate risks associated with various
investment products, engender investor confidence, and lead to an effective
investor protection regime.
Securities and Exchange Commission of Pakistan National Insurance Corporation Building, Jinnah Avenue, Islamabad-44000, Pakistan.
+92 (51) 111 117 327
www.jamapunji.pk
jamapunji.pk
jamapunji_pk
jamapunji
JamaPunji Investor Education Portal
Monthly Fund Performance Review
Publishing Date: Friday, 17 November 2017
Page | 22
Contact
IGI Finex Securities Limited
UAN: (+92-21) 111-234-234
Website: www.igisecurities.com.pk
Investor Services
Tanweer Kabeer
UAN # 92-21-111-234-234 Ext: 966 Direct +9221-35368966
Email: [email protected]
Offices
Head Office
Suite No 701-713, 7th Floor, The Forum, G-20,
Khayaban-e-Jami Block-09, Clifton, Karachi-75600
UAN: (+92-21) 111-444-001 | (+92-21) 111-234-234
Fax: (+92-21) 35309169, 35301780
Lahore Office Islamabad Office 5-F.C.C. Ground Floor, Syed Maratib Ali Road, Mezzanine Floor, Office 5, 6 & 7, Kashmir Plaza,
Gulberg II, Lahore Block- B, Jinnah Avenue, Blue Area, Islamabad
Tel: (+92-42) 35777863-70, 35876075-76 Tel: (+92-51) 2604861-2, 2604864, 2273439
Fax: (+92-42) 35763542 Fax: (+92-51) 2273861
Faisalabad Office Rahim Yar Khan Office
Room #: 515-516, 5th Floor, State Life Plot # 12, Basement of Khalid Market,
Building, 2- Liaqat Road, Faisalabad Model Town, Town Hall Road, Rahim Yar Khan
Tel: (+92-41) 2540843-45 Tel: (+92-68) 5871653-6, 5871652
Fax: (+92-41) 2540815 Fax: (+92-68) 5871651
Multan Office Abbottabad Office Mezzanine Floor, Abdali Tower, Ground Floor, Al Fatah Shoppinig Center , Opp. Radio
Abdali Road, Multan Station, Mansehra Road, Abbottabad
Tel: (92-992) 408243 - 44 Tel: (+92-99) 2408243 - 44
Peshawar Office Sialkot Office 2nd Floor, The Mall Tower, Suite No. 10 & 11, 1st Floor, Soni Square,
35 The Mall Peshawar Cantt. Mubarik Pura, Sialkot.
Tel: (92-91) 5253035, 5278448 Tel: (+92-52) 3258437, 3258762
Disclaimer This document has been prepared by IGI Finex Securities Limited and all the information (including any comments, opinions and analyses) contained in this document (the information) is for informational purposes only and should not be considered individual investment advice or recommendations to invest in any security, fund or to adopt any investment strategy. Because market and economic conditions are subject to rapid change, the information is rendered as of the date of publication and may change without notice. The information is not intended as a complete analysis of every material fact regarding the country, region, market, industry, investment or strategy. Whilst every effort has been made to ensure that the information is not misleading or unreliable, IGI Finex Securities Limited makes no representation as to the accuracy, completeness or timeliness of the information. Neither IGI Finex Securities Limited nor any director, officer or employee of IGI Finex Securities Limited shall in any manner be liable or responsible for any loss that may be occasioned as consequence of a party relying on the information. This document takes no account of the investment objectives, financial situation and particular needs of investors, who shall seek further professional advice before making any investment decision. All investments in mutual funds are subject to market risk. The NAV, any dividends and/or returns have been provided by the asset Management Company/ (ies), and are dependent on forces affecting the capital markets. Past performance is not necessarily indicative of future results. IGI Finex Securities Limited does not take any responsibility for the financial soundness of any scheme or guarantee any returns on investment made in the products by users. The information, data, analysis and opinions contained herein (1) includes the confidential and proprietary information of IGI Finex Securities Limited, (2) may not be copied or redistributed, and (3) are not warranted to be complete, accurate or timely. IGI Finex Securities Limited shall not be responsible for any trading decisions, damage or other losses resulting thereof.