SAVE, INVEST & ENJOY - AWT Investments · Asset Allocation as of May 2016 PIML-IF Vs Peer Group...
Transcript of SAVE, INVEST & ENJOY - AWT Investments · Asset Allocation as of May 2016 PIML-IF Vs Peer Group...
SAVE, INVEST & ENJOY
A wholly owned subsidiary of
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Primus Investment Management Limited is a wholly subsidiary of Pak Brunei which came inplace as a joint venture between Government of Pakistan and Brunei Investment Agency(BIA). Primus primary goal is social and financial development in the society. To achieve thepurpose of safeguarding the future and development of the society.
PRIMUS Investment Management Limited (PIML) is a public, unlisted Non- Banking FinanceCompany, the company is a 100% subsidiary of Pak Brunei Investment Company and wasgranted license by the SECP to undertake Asset Management & Investment Advisory Serviceson December 23, 2011.
Managing total assets of over PKR 9 billion in 7 open-end funds. 4 Conventional and 2 ShariahCompliant Funds, year end closing as of 31st May 2016.
Our PIML Daily Reserve Fund and PIML Income Fund are best performance funds in theirrespective category.
Awarded 3 Star rating in Islamic Equity Fund and 4 Star rating for PIML Strategic Multi AssetFund by PACRA .
About PRIMUS
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Awarded by PACRA or JCR-VIS AM1 (Highest Management Quality)
Rating of Asset Management Companies (AMCs) as of May 2016
AM2 (Very High Investment Management Standards)
AMCs Rating Agency
MCB-Arif Habib Savings and Investments Limited AM2+ PACRA
NBP Fullerton Asset Management Limited AM2+ PACRA
Al Meezan Investment Management Limited AM2+ JCR-VIS
UBL Fund Managers Limited AM2+ JCR-VIS
ABL Asset Management Company Limited AM2 JCR-VIS
Atlas Asset Management Limited AM2- PACRA
PICIC Asset Management Company Limited AM2- JCR-VIS
National Investment Trust Limited AM2 PACRA
JS Investments Limited AM2- JCR-VIS
HBL Asset Management Limited AM2- JCR-VIS
Lakson Investments Limited AM2- PACRA
Alfalah GHP Investment Management Limited AM2- PACRA
AM3 (Good Management Quality)
AMCs Rating Agency
Primus Investment Management Limited AM3+ PACRA
Askari Investment Management Limited AM3+ JCR-VIS
Faysal Asset Management Limited AM3+ JCR-VIS
BMA Asset Management Company Limited AM3 PACRA
Habib Asset Management Limited AM3 PACRA
AKD Investment Management Limited AM3 JCR-VIS
AM4 (Adequate Management Quality)
AMCs Rating Agency
First Capital Investments Limited AM4+ PACRA
Pak Oman Asset Management Company Limited AM4+ JCR-VIS
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Board of Directors & Management
Board of Directors
Mr. Khalid Aziz Mirza Chairman MBA
Ms. Ayesha Aziz Director MBA & CFA
Mr.Mokhzani Izhar Bin Haji Abu Bakar Director BA (Hons) in Accounting & Financial Management
Mr. Zafar Iqbal Sobani Director CA
Mr. Ahmed Ateeq Director MBA
Management Team
Mr. Ahmed Ateeq Chief Executive Officer MBA
Ms. Rida Jiwani Chief Strategy Officer B.Sc Management
Mr. M. Samir Malik Chief Investment Officer B.Sc (Honors) in Account & Finance & CFA
Mr. Hamza Saboor Chief Financial Officer ACA
Mr. Asif Iqbal Head of Risk & Compliance Bachelors in Accounts & Finance
Mr. Muhammad Babar Din Unit Head Finance & Operations B.Com & CMA (PK) Finalist
Mr. Shafiq ur Rehman Bhatti Head – Sales & Distribution South M.Sc & MBA
Ms. Rabia Bukhari Research Analyst CFA
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Investment Philosophy
Short Term (<1 year)
Low RiskMoney Market
Long Term (>5 years)
High Growth Equity
Medium Term
(2-5 years)
Moderate Growth
Fixed Income / Asset Allocation
Strategy
• To create value for investors by offering innovative investment solutions to cater to varying investment needs – keeping in line with investors’ risk profile.
• We recommend the most suitable asset class based on the investment horizon and need assessment of an Investor.
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Our Funds
PIML is currently managing the following funds:
Conventional Funds
PIML – Income Fund
PIML – Daily Reserve Fund
PIML – Strategic Multi Asset Fund
PIML – Value Equity Fund
PIML – Asset Allocation Fund
Sha'riah Compliant Funds
PIML – Islamic Income Fund
PIML – Islamic Equity Fund
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Money Market / Income Category
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PIML-Daily Reserve Fund
Asset Allocation as of May 2016PIML-DRF Vs Peer Group (AAR) May 2016
Benchmark:50% 3 months PKRV + 3 months average deposit rate of AA & Above rated Banks
Returns Vs Benchmark since inception
Fund Details Fund Rating Fund Size
May 2016 AA(f) by PACRA Over 619 millions
9.43%
7.24%
Ret
urn
sR
etu
rns
As of May 2016
Annualized Returns 5.45%
Benchmark 5.12%
Peer Group Average 5.30%
Standard Deviation 0.29%
Sharp Ratio 0.71
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Cash29.10%
Placements With Dfis23.56%
Tbills46.54%
Others Including Receivables
0.80%
0%
2%
4%
6%
8%
10%
12%
14%
Benchmark PIML DRF
6.1
2%
5.4
5%
3.4
7%
5.8
0%
5.4
5%
5.3
2%
5.7
5%
6.0
3%
6.1
3%
5.6
2%
5.3
0%
4.6
7% 5
.70
%
5.3
1%
5.2
1%
5.3
4%
5.5
3%
6.2
3%
0%
1%
2%
3%
4%
5%
6%
7%
* YTD MTD 1 Day 15 Days 30 Days 90 Days 180 Days 270 Days 365 Days
PIML DRF Industry
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Money Market Fund’s Performance with its PEER Group Monthly Annualized.
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PDRF Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2016 5.96% 5.82% 5.11% 5.32% 5.45%
2015 10.22% 8.26% 8.18% 15.78% 7.77% 5.82% 6.31% 5.82% 6.48% 5.41% 6.72% 5.96%
Money Market (Annualized Return)
Fund Name Rating Validity Date NAV * YTD MTD 1 Day 15 Days 30 Days 90 Days 180 Days 270 Days 365 Days
1 ABL Cash Fund AA(f) 1-Jun-16 10.54 5.61 5.23 4.50 5.55 5.23 5.09 5.33 5.55 6.62
2 AKD Cash Fund AA+(f) 31-May-16 52.65 5.50 5.44 4.71 5.51 5.44 5.17 5.24 5.35 5.62
3 Alfalah GHP Cash Fund AA(f) 31-May-16 525.18 5.25 4.89 4.17 5.25 4.89 4.75 4.98 5.16 5.75
4 Alfalah GHP Money Market Fund AA(f) 31-May-16 105.91 5.48 5.18 4.58 5.69 5.18 5.00 5.24 5.37 5.91
5 Askari Sovereign Cash Fund AA+(f) 1-Jun-16 106.01 5.60 5.54 9.37 5.82 5.57 5.35 5.17 5.37 6.29
6 Atlas Money Market Fund AA(f) 31-May-16 531.86 6.08 5.71 5.02 6.20 5.71 5.75 5.75 5.94 6.35
7 Atlas Sovereign Liquid Fund AA(f) 31-May-16 105.41 5.81 5.40 4.78 5.88 5.40 5.44 5.44 5.63 6.57
9 Faysal Money Market Fund AA+(f) 1-Jun-16 106.28 5.59 5.65 3.43 6.43 5.75 5.30 5.47 5.56 5.97
10 First Habib Cash Fund AA(f) 31-May-16 105.67 5.36 4.95 3.52 5.07 4.95 5.00 5.02 5.26 5.54
11 HBL Money Market Fund AA(f) 31-May-16 105.92 5.08 4.89 4.17 5.36 4.89 4.52 4.66 5.00 5.93
12 JS Cash Fund AA+(f) 1-Jun-16 107.80 5.76 5.46 6.77 5.43 5.56 5.45 5.59 5.69 6.51
13 Lakson Money Market Fund AA(f) 1-Jun-16 105.35 5.56 5.55 5.09 5.69 5.54 5.51 5.52 5.55 5.87
14 MCB Cash Management Optimizer AA(f) 1-Jun-16 105.36 5.69 5.28 4.54 6.15 5.32 5.06 5.28 5.60 6.18
15 NAFA Government Securities Liquid Fund AAA(f) 31-May-16 10.68 5.72 5.71 5.47 5.96 5.71 5.67 5.77 5.71 5.88
16 NAFA Money Market Fund AA(f) 31-May-16 10.39 6.27 5.90 5.97 5.96 5.90 6.09 6.24 6.16 6.74
17 NIT Government Treasury Fund 1-Jun-16 10.19 5.23 5.06 4.30 5.41 5.06 5.15 N/A N/A N/A
18 Pakistan Cash Management Fund AAA(f) 1-Jun-16 52.86 5.84 5.47 5.11 5.73 5.32 5.51 5.63 5.78 6.54
19 PICIC Cash Fund AA(f) 1-Jun-16 105.82 5.95 5.49 4.62 5.84 5.50 5.39 5.55 5.87 7.59
20 PIML Daily Reserve Fund AA(f) 31-May-16 105.09 6.12 5.45 3.47 5.80 5.45 5.32 5.75 6.03 6.13
21 UBL Liquidity Plus Fund AA(f) 1-Jun-16 105.37 5.30 5.15 5.06 5.74 5.23 4.96 5.03 5.23 5.68
22 UBL Money Market Fund AA(f) 1-Jun-16 108.13 8.41 37.21 1,054.96 75.90 40.48 16.55 10.85 9.12 8.18
Ranking: PIML-DRF 3 11 20 10 10 11 4 3 11
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PIML-Income Fund
Asset Allocation as of May 2016PIML-IF Vs Peer Group (AAR) May 2016
Return Vs Benchmark since inception
Benchmark:70% 6 month KIBOR & 30% average of 6 months deposit rate of 3 banks rated AA- & above
Fund Details Fund Rating Fund Size
As of May 2016 A+(f) by PACRA Over 6,551 millions
13.35%
7.45%
Re
turn
sR
etu
rns
As of May 2016
Annualized Returns 13.16%
Benchmark 5.68%
Peer Group Average 7.46%
Standard Deviation 1.51%
Sharpe Ratio 3.71
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Cash, 26.66%
Placements With
Banks, 16.67%
Placements With
DFI's, 9.09%
Tfcs/Sukkuks, 3.17%
PIBs, 39.85%
Tbills, 1.45%Commercial
Papers,1.20%
Others Including
Receivables, 1.91%
0%
2%
4%
6%
8%
10%
12%
14%
16%
Benchmark PIML IF
11
.49
%
13
.16
%
20
.61
%
13
.16
%
8.9
8% 11
.66
%
10
.65
%
9.5
4%
7.0
9%
7.4
6%
9.4
6%
7.4
6%
5.1
6%
6.2
2%
6.3
4%
6.6
6%
0%
5%
10%
15%
20%
25%
* YTD MTD 15 Days 30 Days 90 Days 180 Days 270 Days 365 Days
PIML IF Industry
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Income Fund’s Performance with its PEER Group Monthly Annualized.
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PIML IF Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov
2016 10.49% 18.82% 7.88% 5.77% 13.16%
2015 47.10% 15.45% 19.60% 22.22% 3.20% -13.74% 14.60% 13.76% 8.71% 12.68% 0.55%
Income (Annualized Return)Fund Name Rating Validity Date NAV * YTD MTD 1 Day 15 Days 30 Days 90 Days 180 Days 270 Days 365 Days
1 ABL Government Securities Fund A(f) 31-May-16 10.74 7.61 11.18 2.04 16.29 11.18 5.21 6.32 6.53 6.53
2 ABL Income Fund A(f) 31-May-16 10.66 6.83 8.44 3.43 12.12 8.44 5.06 6.05 6.13 6.48
3 Alfalah GHP Income Fund A+(f) 31-May-16 112.62 7.50 8.42 1.88 11.81 8.42 5.64 7.04 6.68 6.58
4 Alfalah GHP Sovereign Fund AA-(f) 31-May-16 109.52 7.09 9.61 2.03 14.23 9.61 5.62 6.58 6.79 6.21
5 Askari Sovereign Yield Enhancer A+(f) 31-May-16 110.40 9.52 7.38 3.24 9.77 7.38 4.45 7.83 8.44 7.84
6 Atlas Income Fund AA-(f) 31-May-16 546.44 7.71 10.27 3.55 14.48 10.27 6.58 6.96 7.24 7.34
7 Faysal Financial Sector Opportunity Fund AA-(f) 31-May-16 106.23 6.50 4.64 3.44 4.13 4.64 4.67 5.11 5.50 5.34
8 Faysal MTS Fund 31-May-16 100.64 4.33 4.32 7.26 5.57 4.32 N/A N/A N/A N/A
9 Faysal Savings Growth Fund AA-(f) 31-May-16 108.80 7.71 5.48 3.36 5.83 5.48 5.02 5.81 6.12 6.94
10 First Habib Income Fund AA-(f) 31-May-16 107.19 6.38 7.48 1.87 8.95 7.48 3.67 4.90 5.30 5.41
11 HBL Income Fund A(f) 31-May-16 110.93 6.23 6.72 4.25 7.59 6.72 4.87 5.09 5.35 6.36
12 JS Income Fund A+(f) 31-May-16 99.80 6.45 11.08 10.98 12.75 11.08 6.10 6.54 6.04 6.03
13 Lakson Income Fund A+(f) 31-May-16 108.77 8.50 7.95 3.42 11.27 7.95 5.59 7.14 6.98 8.89
14 MCB DCF Income Fund. A+(f) 31-May-16 111.63 6.20 6.22 4.77 8.41 6.22 4.50 4.96 5.59 5.79
15 MCB Pakistan Sovereign Fund ( A+(f) 31-May-16 56.60 7.14 7.71 0 9.93 7.71 4.71 5.60 6.38 7.48
16 NAFA Financial Sector Income Fund A+(f) 31-May-16 11.09 6.47 5.57 6.58 5.10 5.57 6.10 6.38 6.28 6.45
17 NAFA Government Securities Savings Fund AA-(f) 31-May-16 10.91 6.58 6.42 5.02 7.47 6.42 5.82 5.89 6.14 6.25
18 NAFA Income Fund A(f) 31-May-16 10.35 6.93 5.31 6.00 5.77 5.31 5.85 6.42 6.61 6.74
19 NAFA Income Opportunity Fund A(f) 31-May-16 11.44 7.53 6.18 5.75 5.74 6.18 6.11 6.55 7.05 8.06
20 NAFA Savings Plus Fund AA-(f) 31-May-16 10.70 6.29 5.67 5.46 5.79 5.67 5.97 6.28 6.18 6.39
21 NIT − Government Bond Fund AA(f) 31-May-16 10.66 5.76 7.94 1.03 10.89 7.94 5.21 5.34 5.67 5.19
22 NIT − Income Fund A+(f) 31-May-16 11.01 5.89 7.33 0.33 9.21 7.33 5.20 5.61 5.67 5.43
23 Pak Oman Government Securities Fund AA-(f) 31-May-16 11.13 7.83 19.92 (3.28) 35.74 19.92 8.26 10.08 8.39 6.84
24 Pakistan Income Fund A+(f) 31-May-16 56.45 6.16 5.48 6.47 6.92 5.48 4.14 4.89 4.99 5.42
25 PICIC Income Fund A(f) 31-May-16 110.32 7.75 9.01 3.54 11.43 9.01 5.03 8.13 7.66 6.87
26 PIML Income Fund A+(f) 31-May-16 113.11 11.49 13.16 0 20.61 13.16 8.98 11.66 10.65 9.54
27 UBL Government Securities Fund A(f) 31-May-16 115.65 8.77 9.73 1.86 16.06 9.73 6.16 7.66 7.62 7.43
28 UBL Income Opportunity Fund (UIOF) A-(f) 31-May-16 115.38 6.96 16.42 4.33 26.33 16.42 8.55 8.49 7.03 7.28
Ranking: PIML-IF 1 3 26 3 3 1 1 1 1
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Shariah Compliant Income Fund Category
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PIML-Islamic Income Fund
Asset Allocation as of May 2016
Benchmark:6 months deposit rate of three AA and above rated Islamic Banks
Return Vs Benchmark since inception
5.61%
5.92%
Fund Details Fund Rating Fund Size
As of May 2016 A(f) by PACRA Over 217 millions
PIML-IIF Vs Peer Group (AAR) May 2016
Re
turn
sR
etu
rns
As of May 2016
Annualized Returns 5.17%
Benchmark 4.43%
Peer Group Average 4.87%
Standard Deviation 0.84%
Sharpe Ratio 0.91
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Cash, 88.19%
Tfcs/Sukkuks, 8.97%
Others Including Receivables,
2.85%
0%
2%
4%
6%
8%
10%
12%
Mar-14 Aug-14 Jan-15 Jul-15 Dec-15 May-16
Benchmark PIML IIF
6.4
4%
5.1
7% 6
.86
%
5.2
7%
5.1
7% 6
.55
%
6.6
8%
6.8
2%
5.6
9%
5.5
0%
4.8
7% 5.8
8%
4.4
9%
4.8
7%
5.4
2%
5.6
5%
5.3
2%
5.7
4%
0%
1%
2%
3%
4%
5%
6%
7%
8%
* YTD MTD 1 Day 15 Days 30 Days 90 Days 180 Days 270 Days 365 Days
PIML IIF Industry
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Islamic Income Fund’s Performance with its PEER Group Monthly Annualized.
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PIML IIF Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2016 9.11% 5.54% 8.89% 5.37% 5.17%
2015 6.17% 6.16% 6.33% 6.07% 3.01% -2.62% 5.06% 4.47% 11.86% 3.46% 4.95% 5.59%
Shariah Compliant Income (Annualized Return)
Fund Name Rating Validity Date NAV YTD MTD 1 Day 15 Days 30 Days 90 Days 180 Days 270 Days 365 Days
1 ABL Islamic Income Fund A(f) 31-May-16 10.58 5.93 4.88 6.21 3.83 4.88 5.48 5.82 5.66 5.93
2 Al Ameen Islamic Sovereign Fund AA-(f) 31-May-16 104.73 4.35 5.88 (0.66) 6.36 5.88 6.33 4.30 4.10 4.43
3 Alfalah GHP Islamic Income Fund A+(f) 31-May-16 104.74 4.58 4.41 4.81 4.26 4.41 4.61 5.12 4.57 4.59
4 Askari Islamic Income Fund A+(f) 31-May-16 105.47 5.36 5.60 8.62 4.36 5.60 4.82 4.99 5.04 5.05
5 Atlas Islamic Income Fund AA-(f) 31-May-16 525.28 5.16 5.25 7.09 4.46 5.25 5.94 5.24 4.90 5.21
6 Faysal Islamic Savings Growth Fund A(f) 31-May-16 107.08 5.62 4.49 6.82 4.33 4.49 5.88 6.27 5.53 5.74
7 JS Islamic Government Securities Fund AA-(f) 31-May-16 103.50 3.59 5.87 3.53 5.66 5.87 5.96 4.53 3.65 3.65
8 MCB Islamic Income Fund AA-(f) 31-May-16 105.04 5.25 4.97 9.52 5.75 4.97 5.17 5.76 5.01 5.13
9 Meezan Islamic Income Fund A-(f) 31-May-16 53.65 5.98 3.84 - 3.18 3.84 5.05 5.47 5.78 6.05
10 Meezan Sovereign Fund AA(f) 31-May-16 52.93 5.34 6.72 6.90 5.07 6.72 6.38 6.04 5.20 5.36
11 NAFA Active Allocation Riba Free Savings Fund 31-May-16 10.16 4.37 4.16 4.31 4.15 4.16 4.14 N/A N/A N/A
12 NAFA Riba Free Savings Fund A(f) 31-May-16 10.68 5.56 5.38 6.15 5.11 5.38 5.40 5.55 5.41 5.79
13 Pak Oman Advantage Islamic Income Fund A+(f) 31-May-16 53.76 4.32 4.69 2.31 5.40 4.69 6.57 5.56 4.54 3.92
14 PICIC Islamic Income Fund A(f) 31-May-16 104.89 4.87 4.74 4.35 4.68 4.74 4.93 4.95 4.67 5.49
15 PIML Islamic Income Fund A(f) 31-May-16 106.37 6.44 5.17 6.86 5.27 5.17 6.55 6.68 6.82 5.69
Ranking: PIML-IIF 1 7 5 5 7 2 1 1 5
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Balanced / Equity & Asset Allocation Category
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PIML-Strategic Multi Asset Fund
Asset Allocation as of May 2016
Return Vs Benchmark since inception
Benchmark:KSE 100 index, 3 months PKRV and Daily Closing Pakistan Rupee Spot Gold Prices at the Pakistan Merchantile Exchange Limited (PMEX)based on the weighted average exposure of the scheme to equity, debt and gold future contracts during the period under review
46.69%
44.42%
Fund Details Fund Rating Fund Size
As of May 2016 4 Star by PACRA Over 325 millions
PIML-SMAF Vs Peer Group (AR) May 2016
Re
turn
sR
etu
rns
As of May 2016
Absolute Returns -0.02%
Benchmark 2.78%
Peer Group Average 2.61%
Standard Deviation 12.78%
Sharpe Ratio 0.02
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Cash, 26.64%
Stocks / Equities, 61.40%
PIBs, 3.94%
Others Including Receivables,
8.02%
-10%
0%
10%
20%
30%
40%
50%
Benchmark PSMAF
4.3
6%
-0.0
2%
-1.4
5%
-1.7
7% -0
.02
%
4.6
9% 6
.73
%
4.8
6%
7.1
7%
5.6
5%
2.6
1%
-0.2
8%
-0.5
3%
2.6
1%
7.3
5%
4.9
4%
5.1
8%
7.9
5%
-4%
-2%
0%
2%
4%
6%
8%
10%
* YTD MTD 1 Day 15 Days 30 Days 90 Days 180 Days 270 Days 365 Days
PIML SMAF Industry
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Balanced Fund’s Performance with its PEER Group Monthly Absolutely.
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PIML SMAF Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2016 0.02% -1.50% 5.14% 1.39% --0.02%
2015 5.63% -1.03% -6.34% 12.29% -1.69% 3.94% 2.05% -0.07% -4.54% 4.20% -4.37% 2.44%
Balanced (Absolute Return)
Fund Name Validity Date NAV YTD MTD 1 Day 15 Days 30 Days 90 Days 180 Days 270 Days 365 Days
1 Faysal Balanced Growth Fund 31-May-16 70.09 9.52 3.91 (0.54) (1.25) 3.91 6.93 (1.28) 6.83 13.71
2 HBL Multi Asset Fund 31-May-16 96.84 1.96 0.87 (0.20) (1.21) 0.87 6.48 3.76 1.08 4.34
3 NAFA Multi Asset Fund 31-May-16 16.34 6.77 2.79 (0.40) (0.34) 2.79 9.65 9.79 6.99 8.81
4 Pakistan Capital Market Fund 31-May-16 10.89 3.22 3.62 0.09 0.09 3.62 8.14 6.66 4.11 5.28
5 Primus Strategic Multi Asset Fund 31-May-16 119.22 4.36 (0.02) (1.45) (1.77) (0.02) 4.69 6.73 4.86 7.17
6 Unit Trust of Pakistan 31-May-16 158.29 6.77 1.84 (0.35) 0.08 1.84 5.55 5.77 6.89 7.63
Ranking: PSMAF 4 6 6 6 6 6 2 4 4
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PIML-Value Equity Fund
Asset Allocation as of May 2016PIML-VEF vs Peer Group (AR) May 2016
Return Vs Benchmark since inception
Benchmark:KSE 100 Index
12.15%
10.68%
Fund Details Fund Rating Fund Size
As of May 2016 Not Applicable Over 224 million
Re
turn
sR
etu
rns
As of May 2016
Absolute Returns 0.11%
Benchmark 3.87%
Peer Group Average 2.29%
Standard Deviation 14.03%
Sharpe Ratio (0.09)
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Cash7.58%
Stocks / Equities85.12%
Others Including Receivables
7.30%
-10%
-5%
0%
5%
10%
15%
Benchmark PIML VEF
2.7
9%
0.1
1%
-1.2
7%
-1.9
5% 0.1
1%
6.7
0%
6.7
0%
3.2
3%
7.4
2%
5.1
3%
2.2
9%
-0.4
4%
-0.9
9%
2.2
9%
10
.62
%
8.3
5%
5.2
4%
8.9
3%
-4%
-2%
0%
2%
4%
6%
8%
10%
12%
* YTD MTD 1 Day 15 Days 30 Days 90 Days 180 Days 270 Days 365 Days
PIML VEF Industry
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Equity Fund’s Performance with its PEER Group Monthly Absolutely.
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PIML VEF Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2016 -0.85% -2.53% 6.63% 2.09% 0.11%
2015 0.00% 0.00% -8.14% 14.77% -2.66% 6.32% 3.33% -0.73% -6.41% 5.57% -5.85% 2.26%
Equity (Absolute Return)Fund Name Validity Date NAV * YTD MTD 1 Day 15 Days 30 Days 90 Days 180 Days 270 Days 365 Days
1 ABL Stock Fund 31-May-16 14.23 6.67 2.63 (0.32) (0.84) 2.63 11.14 8.21 7.24 9.54 2 AKD Opportunity Fund 31-May-16 82.86 15.05 3.82 (0.92) (0.93) 3.82 21.64 6.05 1.94 34.11 3 Alfalah GHP Alpha Fund 31-May-16 74.54 12.53 2.73 (0.21) (0.82) 2.73 9.73 12.51 9.68 16.23 4 Alfalah GHP Stock Fund 31-May-16 132.02 13.21 2.72 (0.16) (0.64) 2.72 9.81 12.27 9.88 17.60 5 Askari Equity Fund 31-May-16 103.86 (8.09) 2.13 (0.19) (1.36) 2.13 10.14 0.75 (3.21) (4.81)6 Atlas Stock Market Fund 31-May-16 491.32 2.52 2.60 (0.47) (0.91) 2.60 11.97 10.91 6.83 5.95 7 First Capital Mutual Fund 31-May-16 11.41 3.48 1.86 (0.44) (1.20) 1.86 11.20 9.36 4.18 6.50 8 First Habib Stock Fund 31-May-16 101.35 (1.52) 0.92 (0.96) (1.87) 0.92 9.15 6.57 2.32 2.69 9 HBL Stock Fund 31-May-16 102.48 (0.07) 1.15 (0.55) (2.05) 1.15 9.14 4.98 0.08 1.78
10 JS Growth Fund 31-May-16 164.57 2.79 1.02 (0.59) (1.47) 1.02 7.09 7.72 4.87 4.76 11 JS Large Cap Fund 31-May-16 109.56 3.22 (0.21) (0.89) (1.98) (0.21) 5.81 6.43 3.57 3.61 12 JS Value Fund 31-May-16 199.59 10.96 1.74 (0.76) (1.32) 1.74 8.84 9.32 10.75 12.52 13 Lakson Equity Fund 31-May-16 112.33 7.68 2.82 (0.24) (0.83) 2.82 11.54 12.16 9.70 11.10 14 MCB Pakistan Stock Market Fund 31-May-16 85.59 2.84 3.54 0.08 (0.56) 3.54 11.88 8.49 5.69 6.14 15 NAFA Stock Fund 31-May-16 13.84 8.85 3.41 (0.52) (1.04) 3.41 14.18 14.15 9.24 12.06 16 National Investment Unit Trust 31-May-16 66.38 4.13 1.95 (0.78) (0.41) 1.95 8.96 7.64 6.48 9.89 17 PICIC Energy Fund 31-May-16 11.78 (4.73) 3.26 - 0.37 3.26 7.57 2.73 (0.95) (5.30)18 PICIC Stock Fund 31-May-16 133.77 7.17 3.00 (0.18) (0.72) 3.00 12.09 9.59 2.79 10.86 19 PIML Value Equity Fund 31-May-16 107.49 2.79 0.11 (1.27) (1.95) 0.11 6.70 6.70 3.23 7.42 20 United Stock Advantage Fund 31-May-16 62.94 10.71 2.39 (0.24) (0.14) 2.39 9.94 8.72 8.54 14.49
Ranking: PIML-VEF 14 19 20 18 19 19 14 14 11
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Asset Allocation Fund
20
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PIML-Asset Allocation Fund
Asset Allocation as of May 2016
PIML-VEF vs Peer Group (AR) May 2016
Fund Details Fund Rating Fund Size
As of May 2016 Not Applicable Over 2,059 millions
Re
turn
s
As of May 2016
Absolute Returns 2.41%
Benchmark 0.49%
Peer Group Average 1.51%
Standard Deviation 3.81%
Sharpe Ratio 0.33
21
Cash10.25%
PIBs67.92%
Placement with Banks
19.31%
Others Including Receivables
2.53%1.8
7%
2.4
1%
-0.0
2%
1.9
4%
2.4
1%
4.8
7%
1.5
1%
-0.2
0%
-0.1
7%
1.6
0%
-1%
0%
1%
2%
3%
4%
5%
6%
* YTD MTD 1 Day 15 Days 30 Days
PIML AAF Industry
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Asset Allocation Fund’s Performance with its PEER Group Monthly Absolutely.
22
PIML IEF Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2016 - - - - 2.41%
2015 - - - - - - - - - - - -
Asset Allocation (Absolute Return)Fund Name Validity Date NAV YTD MTD 1 Day 15 Days 30 Days 90 Days 180 Days 270 Days 365 Days
1 Alfalah GHP Value Fund 31-May-16 70.63 15.31 2.56 (0.11) (0.41) 2.56 9.68 13.68 12.41 18.06
2 Askari Asset Allocation Fund 31-May-16 46.99 (7.91) 1.07 (0.21) (1.32) 1.07 6.47 (1.34) (4.75) (4.69)
3 Faysal Asset Allocation Fund 31-May-16 71.08 0.69 2.39 (0.52) (1.13) 2.39 9.24 0.57 (2.70) 3.41
4 Lakson Asset Allocation Developed Markets Fund 30-May-16 123.71 7.60 1.79 0.06 1.51 1.79 2.62 3.47 7.14 7.13
5 Lakson Asset Allocation Emerging Markets Fund 30-May-16 113.80 3.93 0.51 0.04 0.41 0.51 0.77 1.79 2.85 3.53
6 Lakson Tactical Fund 31-May-16 109.41 5.23 (0.04) (0.17) (0.23) (0.04) 0.30 2.09 3.47 4.73
7 MCB Pakistan Asset Allocation Fund 31-May-16 79.11 2.23 1.71 0.03 0.07 1.71 3.21 3.10 2.45 2.34
8 MCB Pakistan Frequent Payout Fund 31-May-16 100.20 2.48 - (0.46) (0.20) 0.04 0.87 2.14 N/A N/A
9 NAFA Asset Allocation Fund 31-May-16 15.93 7.79 2.97 (0.37) (0.36) 2.97 9.93 10.30 7.19 10.36
10 Pak Oman Advantage Asset Allocation Fund 31-May-16 54.26 6.35 1.12 (0.53) (0.95) 1.12 4.77 6.73 4.37 8.59
11 PIML Asset Allocation Fund 31-May-16 101.87 1.87 2.41 (0.02) 1.94 2.41 N/A N/A N/A N/A
12 UBL Asset Allocation Fund 31-May-16 128.05 9.88 2.58 0.04 0.75 2.58 5.24 7.64 7.75 9.36
Ranking: PIML-AAF 10 4 5 1 4 - - - -
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Shariah Compliant Equity Category
23
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PIML-Islamic Equity Fund
Asset Allocation as of May 2016
Return Vs Benchmark since inception
Benchmark:KMI-30 Index
36.34%
46.80%
Fund Details Fund Rating Fund Size
As of May 2016 3 Star by PACRA Over 222 millions
PIML IEF Vs Peer Group (AR) May 2016
Re
turn
sR
etu
rns
As of May 2016
Absolute Returns 0.75%
Benchmark 4.51%
Peer Group Average 3.10%
Standard Deviation 14.91%
Sharpe Ratio 0.02
24
Cash8.27%
Stocks / Equities86.17%
Others Including Receivables
5.56%
4.3
3%
0.7
5%
-1.6
6%
-2.0
0% 0.7
5%
6.5
8%
8.5
4%
5.5
1% 8
.64
%
7.7
0%
3.1
0%
-0.3
3%
-0.0
7% 3.1
0%
11
.48
%
11
.56
%
8.1
7%
10
.87
%
-4%-2%0%2%4%6%8%
10%12%14%
* YTD MTD 1 Day 15 Days 30 Days 90 Days 180 Days 270 Days 365 Days
PIML IEF Industry
-10%
0%
10%
20%
30%
40%
50%
Mar-14 Jun-14 Sep-14 Dec-14 Mar-15 Jun-15 Sep-15 Dec-15 Mar-16
Benchmark PIML IEF
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Islamic Equity Fund’s Performance with its PEER Group Monthly Absolutely.
25
PIML IEF Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2016 -0.16% -2.76% 7.28% 1.26% 0.75%
2015 9.28% -0.13% -9.72% 5.88% -1.74% 5.18% 1.87% -0.17% -5.42% 5.26% -6.08% 1.87%
Shariah Compliant Equity (Absolute Return)
Fund Name Validity Date NAV * YTD MTD 1 Day 15 Days 30 Days 90 Days 180 Days 270 Days 365 Days
1 ABL Islamic Stock Fund 31-May-16 13.36 3.38 2.92 (0.37) 0.07 2.92 9.72 6.75 4.07 6.17
2 Al Ameen Islamic Dedicated Equity Fund 31-May-16 105.75 5.75 3.40 (0.36) 0.03 3.40 10.12 N/A N/A N/A
3 Al Ameen Shariah Stock Fund 31-May-16 127.17 10.57 3.13 (0.27) 0.09 3.13 12.75 13.40 10.40 16.06
4 Al Meezan Mutual Fund 31-May-16 18.08 11.06 3.20 (0.33) (0.28) 3.20 13.71 13.35 11.74 14.51
5 Alfalah GHP Islamic Stock Fund 31-May-16 70.25 17.16 2.78 (0.13) (0.01) 2.78 9.97 15.80 14.58 20.74
6 Atlas Islamic Stock Fund 31-May-16 462.37 3.45 3.41 (0.33) 0.25 3.41 12.45 12.17 6.77 7.05
7 HBL Islamic Stock Fund 31-May-16 126.27 (1.56) 1.77 (0.40) (0.93) 1.77 9.87 7.12 1.06 1.76
8 JS Islamic Fund 31-May-16 101.70 3.47 1.85 (0.41) (0.43) 1.85 8.69 11.24 8.04 8.53
9 MCB Pakistan Islamic Stock Fund 31-May-16 10.40 1.27 4.73 (0.19) 1.17 4.73 11.11 10.40 5.37 3.54
10 Meezan Islamic Fund 31-May-16 66.29 12.53 0.24 (0.30) (0.39) 0.24 13.70 13.82 15.93 16.85
11 NAFA Islamic Active Allocation Equity Fund 31-May-16 11.55 16.16 3.25 (0.38) (0.54) 3.25 13.77 N/A N/A N/A
12 NAFA Islamic Energy Fund 31-May-16 10.66 6.56 4.96 (0.84) 0.19 4.96 N/A N/A N/A N/A
13 NAFA Islamic Stock Fund 31-May-16 12.17 11.80 3.83 (0.35) (0.48) 3.83 13.17 15.69 11.40 15.71
14 NIT Islamic Equity Fund 31-May-16 10.57 2.92 3.42 (0.19) 0.19 3.42 10.45 8.86 4.65 4.76
15 PICIC Islamic Stock Fund 31-May-16 129.29 11.00 3.54 (0.15) 0.02 3.54 11.22 10.08 3.99 14.76
16 PIML Islamic Equity Fund 31-May-16 124.16 4.33 0.75 (1.66) (2.00) 0.75 6.58 8.54 5.51 8.64
Ranking: PIML-IEF 10 15 16 16 15 15 11 8 7
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Historical Performance of Pakistan Stock Market
Stock Market Returns
10 Years negative out of 39 years
26
1 Year
5 Years
2 Year
1 Year
1 Year
1 Year
11%
36%
10%
18%
-4%
7%
24%
44%
8%4%
34%
19%18%13%
10%
111%
-12%
82%
-20%
-11%
-4%
5%
-44%
97%
-18%
11%
57%
90%
39%
56%
7%
24%
-62%
79%
29%
-4%
45%
55%
29%
-9%
-80%
-60%
-40%
-20%
0%
20%
40%
60%
80%
100%
120%
Jan
-77
Jan
-78
Jan
-79
Jan
-80
Jan
-81
Jan
-82
Jan
-83
Jan
-84
Jan
-85
Jan
-86
Jan
-87
Jan
-88
Jan
-89
Jan
-90
Jan
-91
Jan
-92
Jan
-93
Jan
-94
Jan
-95
Jan
-96
Jan
-97
Jan
-98
Jan
-99
Jan
-00
Jan
-01
Jan
-02
Jan
-03
Jan
-04
Jan
-05
Jan
-06
Jan
-07
Jan
-08
Jan
-09
Jan
-10
Jan
-11
Jan
-12
Jan
-13
Jan
-14
Jan
-15
Jan
-16
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Future value of Rs. 100
-
100
200
300
400
500
600
700
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
KSE-100 Deposits Inflation DSC
Rs. 652
Rs. 318
Rs. 295
Rs. 203
KSE-100 Deposits Inflation Discount Rate
50.12% 9.11% 17.81% 15.82%
27
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OUR ENTERTAINED CLIENTS
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Ahmed Ateeq
Chief Executive Officer
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Rida Jiwani
Chief Strategy Officer
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Shafiq Ur Rehman Bhatti
Head of Sales and Distribution – South
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Armaghan Qureshi
Regional Manager - North
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