Fund Select Bulletin - September 2016 - IGI Investment Bank€¦ · plaint Asset A an Stock Exch t...

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Disclaimer: Thisfor informational economic conditimaterial fact regaLimited makes nLimited shall in aobjectives, financAll investments ithe capital markeany returns on inLimited, (2) may other losses resu

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ConAsset M

Month

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Fund inPerformJamaPuContactDisclaim

nthly Fay, 26 October

ption to the Fund N number or [email protected]

21) 111-234-234 007 IGI Investme

An investgeneral psubsidiaryliteracy in

s document has beepurposes only and

ions are subject to raarding the country, r

no representation asany manner be liabcial situation and pan mutual funds are sets. Past performancnvestment made in tnot be copied or re

ulting thereof.

eptetents

Management ly Performance

Review ........mic and Money.......................

y Macro Snaunder Managorized by Fundorized by Asseorized by Asse

ldings of AMmber, 2016 ......ip – Monthly ch

rformers ......orized on Montorized on Year

n Spotlight....mance Summunji ...............t ....................mer ...............

Fund P2016

Select Bulletin,

com.pk,

ent Bank Limited

tor education propublic with skills ay of the Securitie

n Pakistan. It aim

en prepared by IGI Ishould not be consiapid change, the infregion, market, induss to the accuracy, coble or responsible forticular needs of invesubject to market risce is not necessarilythe products by usedistributed, and (3)

emIndustry Up

e Review ........

.....................y Market ................................

pshot ..........gement .........d Type .............et Managementet Allocation.....

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.....................th-to-date (MTD-to-date (YTD)

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Perfor

ogram initiated byand knowledge toes and Exchange

ms to impart know

nvestment Bank Limidered individual invformation is renderedstry, investment or sompleteness or timeor any loss that mayestors, who shall sesk. The NAV, any divy indicative of future ers. The information,are not warranted to

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y Securities and o make informede Commission of wledge about fina

mited and all the infoestment advice or red as of the date of pstrategy. Whilst evereliness of the informy be occasioned asek further professionvidends and/or returresults. IGI Investm

, data, analysis and o be complete, accu

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e Rev

Exchange Commd financial decisiof Pakistan, Jamaancial markets an

ormation (including aecommendations to

publication and may ry effort has been m

mation. Neither IGI In consequence of a nal advice before marns have been provi

ment Bank Limited doopinions contained

urate or timely. IGI In

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view

mission of Pakistons and managepunji takes a unind products to di

any comments, opininvest in any secur

change without noticade to ensure that thnvestment Bank Limparty relying on the

aking any investmended by the asset Ma

oes not take any resherein (1) include t

nvestment Bank Lim

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tan (SECP). ‘Jame their money wisversal approach fferent segments

nions and analyses) ity, fund or to adopt ce. The information he information is no

mited nor any directoe information. This dnt decision. anagement Compansponsibility for the finhe confidential and

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mapunji’ is to equsely. Established

to improve finans of the society.

contained in this doany investment strais not intended as at misleading or unreor, officer or employdocument takes no

ny/ (ies), and are denancial soundness oproprietary informatsponsible for any tra

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uip the , as a

ncial

ocument (the informaategy. Because mar complete analysis o

eliable, IGI Investmeyee of IGI Investmen

account of the inve

pendent on forces aof any scheme or gution of IGI Investmeading decisions, dam

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ation) is rket and of every nt Bank nt Bank estment

affecting arantee nt Bank mage or

Monthly FuPublishing

AssMont Industry According tindustry’s APKR 513.6was of PKRPKR 282bn By StrategAggressivestand at PKgrowth (or By Asset CContinued asset classheavy maturecorded demonth to 23 By Asset MIn terms of PKR 0.4bn(or +4.2%M3.5bn (or + Returns In terms of +4.78%MTand Aggres

Exhibit: Se

USDmn

Banks OMCs Others Power Textile Tech. Oil & GasFertilizer Food Cement

Total

Source: Fun

und PerformaDate: Wednes

et Mathly Pe

to the data comAsset-Under Mbn. Excluding t

R 8.0bn (or +1.n, while Conven

gy Type e funds attracteKR 262.8bn, wiPKR 1.0bn).

Class robust perform

s attracting the urity of Pakistaecline of +15%3% (PKR 119b

Management CAsset Manage), while in term

MoM), followed 5.7%MoM).

returns, ShariaTD returns (+5.4ssive Fixed Inc

ector-wise Port

Buy V

2 2 1,2 1 4

s 2 1 3

3,1

nd Select, NCCP

nce Review sday, 26 Octob

anageerform

mpiled by the Management (AUthe impact of F7%MoM). Shantional funds a

ed highest growith Shariah Com

mance of Pakistlargest amounn Investment B

%MoM (or PKR bn / PKR 514bn

Company ement Compan

ms of volume, NNBP Fullerton

ah Compliant A46%YTD), follo

come Funds (+4

tfolio Investmen

Value

244.0 291.1 241.7

81.9 45.8

403.4 85.5

207.8 42.7

343.5

87.4

PL

ber 2016

ementmance

Mutual Funds AUM) increased

Funds of Fundsriah Complaint

asset increased

wth of +3.1%Momplaint Asset A

tan Stock Excht of inflows (PK

Bonds (PIB)s d7.2bn). This al

n) from 17% (P

ny (AMC), AKDNational Investmn Asset Manage

Aggressive Fixeowed by Money4.23%MTD, +6

nts by Mutual F

Sell Value

(247.9) (294.9) (1,244.2) (83.2) (146.6) (402.7) (83.6) (200.2) (129.5) (313.1)

(3,146.0)

t InduReview

Association of P by PKR 9.3bn

s, the increase t fund asset add by +1.6%MoM

oM (or PKR 7.8Allocation fund

hange (PSX) duKR 14.3bn or +uring the montlso led to highe

PKR 88bn/ PKR

D recorded highment Trust (NITement Compan

ed Income Funy Market Funds6.02%YTD).

Funds (USDmn

Net Valu

(3.9 (3.7 (2.6 (1.3 (0.7 0. 1. 7. 13. 30.

41.

ustry Uw

Pakistan (MUFAn (or +1.8%MoMin AUMs durinvanced by +2.0

M to PKR 232b

8bn) during thes registering +8

uring the month+7%MoM). Howth, Fixed Incomer cash ratios dR 504bn).

hest growth of +T) received neany (NAFA) attra

nds recorded ons (+4.47%MTD

n) Exhibit: P

ue

9) 7) 6) 3) 7) 6 9 6 2 4

3

(60)

(40)

(20)

-

20

40

60

80

Upda

AP), the M) to reach g the month 03%MoM to

bn.

e month to 8.6%MoM

h led to equity wever, due to me Asset class during the

+11.2%MoM (oarly PKR 3.5bnacted PKR

n average D, +5.07%YTD)

Portfolio Invest

(22)

(48) (53)

Sep

-15

Oct

-15

Nov

-15

Total LIPI

te

or n

)

tments flows by

(34)

(50)(40)

Dec

-15

Jan-

16

Feb

-16

y Mutual Funds

(11)(18)

4

Mar

-16

Apr

-16

May

-16

Pa

s (USDmn)

74

23

(20)

Jun-

16

Jul-1

6

Aug

-16

age | 2

41 S

ep-1

6


Source: MUF

Exhibit: Av

Exhibit: Av

Exhibit:Mo

-

2.0

4.0

6.0

8.0

10.0

12.0

MM

(8.0)

(6.0)

(4.0)

(2.0)

-

2.0

4.0

6.0

8.0

10.0

12.0

14.0

S15

0.0

20.0

40.0

60.0

80.0

100.0

120.0

140.0


FAP

verage Year-to

verage rate of r

onthly AUMs

MoneyMarket

Agg.Fixed…

II

YTD %

Sep

-15

Oct

-15

Nov

-15

Dec

15

Agg. Fixed Incom

Money Market

Incom

Sep-


-date returns

returns Conven

Islamicncome

IncomeM

Dec

-15

Jan-

16

Feb

-16

Mar

16

e Cash

me Equity

-16

ber 2016

ntional Funds

IslamicMoney…

Equity I

Mar

-16

Apr

-16

May

-16

Jun

16

Equity

Shariah Compliant

Income

ShCom

Eq

Aug-16

IslamicEquity

Others

Jun-

16

Jul-1

6

Aug

-16

Sep

-16

Income

hariah mpliant quity

Others

Exhibit: A

Exhibit: A

Exhibit: C

-

0.5

1.0

1.5

2.0

2.5

3.0

3.5

4.0

4.5

5.0

MM

Sep

-16

(15.0)

(10.0)

(5.0)

-

5.0

10.0

400

420

440

460

480

500

520

Sep

Average Month-

Average rate of

Changes in AUM

Moneyarket

Agg.Fixed

Income

II

MTD %

Sep

-15

Oct

-15

Nov

-15

Agg. Fixed Incom

p-15 Nov-15

AUM (

-to-date returns

returns Sharia

Ms

slamicncome

Income

Dec

-15

Jan-

16

Feb

-16

me Cash

Jan-16 Mar-16

(PKRbn)

s

h based Funds

IslamicMoneyMarket

Equity

Mar

-16

Apr

-16

May

-16

Equity

6 May-16 Ju

%YoY - RHS

Pa

s

IslamicEquity

Others

Jun-

16

Jul-1

6

Aug

-16

Income

-5

0

5

1

1

2

ul-16 Sep-16

age | 3

s

Sep

-16

5%

0%

5%

0%

5%

20%


MarEcon

Monthly inFor the mo(+0.2%MoMmonth was month on m+3.2% comduring the mowing to a)(measured Lower expOn externa16, compar0.4bn in 2Mdeficit to USFunds (CSweak expo3.9bn (+23effect of ‘Eiremittancesperiod). Ho Foreign exCountry Fodevelopme(4months la Minimal shShort term held attractof bids werunchangedaccepted Pbonds remarespectively

Mon

Polic

Lowacco

ForeUSD

Mini


ket Rnomic

nflation inchednth of Sep-16, M) compared to led by both foo

month growth ompared to last ymonth kept the) rebound in intby M2).

port and remittal front, current red to USD 0.6MFY16). DeterSD, 2.1bn (+55F). Exports of grting commodit%YoY) mainly id-ul-Adha (Hajs for the periodowever, on a m

xchange reseroreign Exchangent banks (CDBast year same

hifts in the yiepaper continue

ted nearlyPKR re accepted by d for the month PIBs worth PKRained slightly loy.

nthly inflation

cy Rate kept

wer export andount balance

eign exchangD 24bn

mal shifts in t


Reviewand M

d up to +3.9%Ygeneral inflatio

o previous monod and non-foo

of +2.4%MoM (year same perioe discount rate ternational oil p

tances drag oaccount balan

6bn in Jul-15, brioration in curr5%YoY) and b)goods during thty prices in parowing to machjj) and econom

d of 2MFY17, donthly basis re

rves reach an ge reserves reaB, IDB and ADBperiod).

eld curve ed to attract ma209bn againstSBP. For the mat 5.86% / 5.9

R 219bn againsower with a cut

inched up to

on hold

d remittances in negative te

e reserves re

the yield curv

ber 2016

w Money

YoY; Policy Raon level as meanth +3.6%YoY od index, howe(+10.2%YoY). od +3.6%.The unchanged at

prices, and b) e

verall current nce recorded a ringing 2MFY1

rent account de) higher servicehe month camerticularly cottonhinery (non-oil)

mic slowdown indown by 3%YoYemittances amo

all-time high oached high of UB), as a result i

ajor participatiot a target of PKmonth shorter e0% / 5.91% for

st the target of t of 0.3bps /0.0

+3.9%YoY

drag overall erritory

each an all-tim

ve

Marke

ate kept on hoasured by CPI (-0.3%MoM). H

ever education This brings 1QSBP in its mon6.25%, citing r

expected growt

account baladeficit of USD 7 cumulative d

eficit was mainles deficit in abse down by 3%Y, whereas coun imports. On in

n Gulf countriesY to USD 3.0bnount was up by

of USD 24bnUSD 23.6bn, lemport cover fu

on. During the mKR 200bn, howend of the yieldr 3M/ 6M/ 12M PKR 200bn.Cu

07bps / 0.1bps

current

me high of

et

old inched up by+

Higher inflationindex showed

QFY17 inflationnetary policy strising inflationath in broad mon

ance in negativ0.72bn for the

deficit to USD 1ly due to a) widsence of CoalitYoY to USD 1.7ntry import bill

ncome side; thes impacted oven (USD 3.2bn ly +33%MoM to

d by inflows frorther improved

month treasuryever only PKRd curve remainpapers. On bo

uff-off yields onto 6.20% / 6.70

Exhibit:

5.00

5.50

6.00

6.50

7.00

7.50

8.00

8.50

9.00

9.50

3.9%YoY n during the the highest

n averaged tatement issuedry pressure ney supply

ve territory month of Aug-

1.3bn (USD dening trade tion Support 7bn, led by reached USD

e combined erall last year sameUSD 1.7bn.

om various d to 5.3months

y bill auction R 105bn worth

ed relatively ond side, SBP n 3Y/ 5Y/ 10Y 0% / 7.80%

Yield Curve

5.87

3M 6M

30-Sep-16

d

-

5.90 5.91

1 YR 3

31-A

6.24

6.

3YR 5YR

Aug-16

Pa

72

7.14

7

7YR 10Y

30-Sep-15

age | 4

7.82

YR


MarEqui

KSE 100 toThe local mSep-16, whgrew by +1compared t SignificantDuring SepMSCI FronAverage daAug-16. Nothe market Major GlobKey news t

O Te PT SB

KSEmon

Signave


ket Rty

ouched an all-market continuehile retracing ba.8%MoM compto +0.5% same

t pick-up in dap-16, Pakistan tier Markets In

aily volumes rootably this was dropped to PK

bal and Domethat govern thePEC announciension mounteTI announced aBP kept monet

E 100 touchenth

nificant pick-uerage daily vo


Review

-time high of 4ed its impressivack to level of 4pared to last me period last ye

aily average VMSCI index wadex which witn

ocketed during tdue bull tradin

KR 14.9/share f

stic News e market duringng a reduce prd at Pak-India a sit-in outside tary policy unch

d an all-time

up in daily avelumes)

ber 2016

w

40,861 during ve performance40,580 points t

month +0.7%Moear.

Volumes (568mas up by +0.52nessed upsurgethe month (+2.

ng in under PKRfrom PKR 31.3

g the month incroduction to 32border, followeNawaz Sharif

hanged at 6.25

high of 40,86

erage Volume

the month e to reach new to the end of thoM, translating

mn average da%MoM (+15.91e of +2.14%Mo18xMoM) to 56

R 20/share, wh3/share in Aug-

cluded; .5-33mnbpd froed by exchangehouse to dema

5%.

1 during the

es (568mn

high of 40,861he month. The into return of +

aily volumes)1% CYTD) comoM (-1.54% CY68mn comparehere average p16.

om current 33.e of fire anding resigna

Exhibit:

38,500

39,000

39,500

40,000

40,500

41,000

In

V

1 points on 29thKSE100 index

+23.5% CYTD

mpared to YTD). ed to 260mn in rice / share for

5mbpd

tion.

KSE 100

.0

.0

.0

.0

.0

.0

Week 1

ndex

Vol (mn)

h

r

Week 2 Week 3 Week 4

Pa

-

100

200

300

400

500

600

700

800

Week 5

age | 5

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0


Source: IGI F

Exhibit: P

Exhibit: V

Exhibit: Se

USDmn

Banks

OMCs

Others

Power

Textile

Tech.

Oil & Gas

Fertilizer

Food

Cement

Total

Techno

Oil & Ga

Real

Food & P

Automob

T

Inv. Bank

Oil

Fo


Fund Select, SB

Positive Contrib

Volume Leaders

ector-wise Fore

Buy

s

2

ology & Communic

Automobile Assem

Commercial B

Che

s Marketing Compa

Estate Investment

Tob

Personal Care Prod

Textile Comp

bile Parts & Access

Comme

Technology & Com

ks / Inv. Cos. / Sec

l & Gas Marketing

ood & Personal Car

Textile

Automobile

Glass &


P, NCCPL

buting Sector

s – Top 5 Secto

eign Portfolio In

Value

61.5

16.6

62.7

7.9

8.5

10.6

11.5

26.3

6.3

38.0

49.9

0% 5%

cation

mbler

Banks

mical

anies

Trust

bacco

ducts

posite

sories

0%

ercial Banks

mmunication

curities Cos.

Companies

re Products

Transport

Cement

Composite

Assembler

& Ceramics

ber 2016

ors (PKRmn)

nvestments (US

Sell Value

(57.6)

(12.8)

(60.1)

(6.6)

(7.8)

(11.2)

(13.4)

(33.8)

(19.4)

(68.4)

(291.3)

10% 15%

5% 10% 15%

SDmn)

Net Va

3.9

3.7

2.6

1.3

0.7

(0.6

(1.9

(7.6

(13.2

(30.4

(41.3

20% 25% 30%

% 20% 25% 30

Exhibit

Exhibit

Exhibit

alue

9

7

6

3

7

6)

9)

6)

2)

4)

3)

%

Pow

0%

BO

TR

JSC

MURE

SSG

HUMN

PIBT

PT

MT

MLC

(60)

(40)

(20)

-

20

40

60

80

To

: Negative Co

: Volume Lead

: Monthly Fore

er Generation & Di

Textile

Paper

T

Cable & Electric

Sugar & Allied I

M

0.0% 5.0

OP

RG

CL

EB

GC

NL

TL

TC

TL

CF

(22)

(48)(53)

Sep

-15

Nov

-15

otal FIPI

ntributing Sect

ders – Top 5 C

ign Portfolio In

-12% -1

Fertilizer

Cement

istribution

Weaving

r & Board

Transport

Refinery

cal Goods

ndustries

odarabas

0% 10.0%

(34)

(50)(40)

(

Jan-

16

tor

Companies (PK

vestments Flow

10% -8% -6%

15.0%

(11)(18)

4

7

Mar

-16

May

-16

Pa

Rmn)

ws (USDmn)

-4% -2% 0%

20.0% 25.0%

74

23

(20)

(41

Jul-1

6

Sep

-16

age | 6

%

%

)

Sep

16


MonAugu

Current Acc.

Exports

Imports

Trade Balance

Remittances

Portfolio Inves

FDI

LSM

FX Reserves

FX Reserves

FX Reserves

Tax Collection

CPI

Food CPI

Non-Food

CORE (NFN

Banks: Depos

ADR %

IDR %

Banks: Depos

Banks: Lendin

Banks: Sprea

M2

M2 Growth

Credit to Gov

Pvt. Sect Cre

SBP Reverse

O/N Rates

6M KIBOR

6M T-BILL

5YR PIB

Net Inj/Mop-u

USD

EURO

JPY

WTI - USD

Gold - USD

Copper - USD

Cotton - USd


nthly Must, 20

Bal.

e

st.

: SBP

: Banks

ns

E)

sits

sit Rate (WA)

ng Rate (WA)

ad

t.

edit Growth

e Repo Rate

up

D


Macro016

Unit

(USDmn)

(USDmn)

(USDmn)

(USDmn)

(USDmn)

(USDmn)

(USDmn)

(% YoY)

(USDbn)

(USDbn)

(USDbn)

(PKRbn)

% YoY

% YoY

% YoY

% YoY

(PKRbn)

%

%

%

%

%

(PKRbn)

% YoY

(PKRbn)

% YoY

%

%

%

%

%

(PKRbn)

PKR

PKR

PKR

(bbl)

(ounce)

(M.T)

(lb)

ber 2016

o Sna

Aug-15 Sep-15

(240) 299

1,773 1,844

3,169 3,212

(1,396) (1,368

1,527 1,776

(68) (19

11 491

6.79 2.23

18.5 20.1

13 15

5.0 4.8

182 270

1.72 1.33

0.36 (0.11

2.71 2.37

4.40 3.40

9,020 9,021

51 51

69.8 71.5

5.17 3.80

10.92 9.18

5.75 5.38

10,936 11,227

13.1 14.6

7,262 7,304

5.76 5.07

7.00 6.72

6.63 6.20

6.82 6.57

6.94 6.69

8.41 8.19

(4,554) (5,764

102.34 104.21

113.90 117.10

0.83 0.87

42.9 45.5

1,118 1,125

5,127 5,217

71.8 68.7

apsho

5 Oct-15 Nov

9 (437) (1

4 1,807 1,7

2 3,204 3,0

8) (1,397) (1,3

6 1,540 1,5

9) (45) (

24 (

3 5.24 4.

19.8 19

5 15

8 5.0 5

0 224 2

3 1.61 2.

) 0.50 2.

7 2.41 3.

0 3.40 4.

9,114 9,1

51

5 71.4 72

0 3.62 3.

8 8.96 8.

8 5.33 5.

7 11,120 11,1

6 12.9 13

4 7,299 7,3

7 4.25 5.

2 6.50 6.

0 6.13 6.

7 6.35 6.

9 6.44 6.

9 7.98 8.

4) (6,627) (5,3

104.48 105.

0 117.33 113.

7 0.87 0.

5 46.2 42

5 1,159 1,0

7 5,216 4,8

7 69.0 69

ot

v-15 Dec-15 J

199) (438)

741 1,953

097 3,574

356) (1,621) (

592 1,637

(56) (45)

(26) 84

.72 2.29

9.8 20.8

15 16

5.1 4.9

225 327

.73 3.19

.16 2.66

.14 3.56

.00 4.10

162 9,305

51 51

2.3 72.3

.49 3.48

.78 8.67

.28 5.19

168 11,509 1

3.4 13.0

379 7,356

.21 8.81

.50 6.50

.10 6.18

.23 6.30

.30 6.40

.00 8.32

319) (6,059) (

.37 104.66 1

.21 113.75 1

.86 0.86

2.7 37.2

086 1,068

800 4,639

9.2 70.4

Jan-16 Feb-16

(590) 128

1,708 1,871

3,257 3,105

(1,549) (1,234)

1,463 1,716

(74) (34)

24 103

5.13 2.82

20.3 20.3

15 16

4.9 4.8

202 215

3.32 4.02

2.52 3.71

3.88 4.24

4.30 4.50

9,408 9,386

51 51

72.5 74.8

4.94 3.41

10.73 8.55

5.79 5.14

1,394 11,484

12.3 12.4

7,449 7,536

9.68 10.20

6.50 6.50

6.12 6.12

6.19 6.15

6.23 6.22

8.02 7.33

(4,599) (5,254)

04.84 104.62

13.84 116.09

0.89 0.91

31.7 30.4

1,098 1,200

4,472 4,599

68.8 66.6

Mar-16 Apr-16

226 100

2,007 1,799

3,202 3,060

(1,195) (1,261

2,015 1,657

(2) (35

162 24

6.75 (3.14

20.9 20.8

16 16

4.8 4.9

301 243

3.93 4.17

3.71 4.73

4.08 3.78

4.70 4.40

9,559 9,768

51 51

74.9 69.8

3.30 3.33

8.53 8.42

5.23 5.09

11,745 11,749

13.8 12.6

7,589 7,571

32.69 33.70

6.50 6.50

5.94 6.02

6.14 6.14

6.19 6.20

7.14 6.95

(6,787) (5,992

104.65 104.67

116.17 118.58

0.93 0.96

37.8 41.0

1,245 1,242

4,954 4,873

65.5 69.3

M6 May-16 Jun

0 (792)

9 1,954 1,8

0 3,810 3,9

1) (1,856) (2,1

7 1,799 2,0

5) 43

4 64 3

4) (1.05) (0

8 21.3 2

6 17

9 4.8

3 301 4

7 3.16 3

3 2.07 2

8 3.94 3

0 4.60 4

8 9,744 10,0

1 52

8 73.2 7

3 3.28 3

2 8.50 8

9 5.23 5

9 12,012 12,6

6 12.8 1

1 7,885 8,1

0 33.62 13

0 6.43 6

2 5.91 5

4 6.09 5

0 6.15 5

5 7.07 6

2) (5,038) (7,4

7 104.68 104

8 118.32 117

6 0.96 0

0 46.9 4

2 1,261 1,2

3 4,695 4,6

3 70.3 7

Monthly Macroe

Pa

n-16 Jul-16 A

(16) (595)

864 1,503

968 3,087

104) (1,584) (

073 1,328

19 50

342 64

0.01) 2.76

23.1 23.0

18 18

5.0 4.9

468 -

3.19 4.19

2.28 4.70

3.84 3.82

4.60 4.50

060 10,305 1

51 50

75.0 68.6

3.14 3.17

8.44 8.23

5.30 5.06

641 12,470 1

4.7 13.6

109 8,197

3.69 11.69

6.25 6.25

5.58 5.75

5.70 5.80

5.93 5.83

6.77 6.52

497) (6,966) (

4.59 104.74 1

7.29 115.71 1

0.99 1.00

48.8 44.9

276 1,337

642 4,865

74.1 81.1

economic Indica

age | 7

Aug-16

(721)

1,718

3,882

(2,164)

1,761

(8)

(47)

-

23.0

18

4.9

-

3.63

3.39

3.81

4.60

10,166

50

70.0

3.14

8.44

5.30

12,477

14.1

8,261

10.79

6.25

5.75

5.79

5.87

6.67

(2,535)

104.62

117.16

1.03

44.8

1,340

4,752

80.3

ators


AssCatePKRbn

Asset ClassConservatiMoney MarkShariah ComShariah ComCapital ProteModerateIncomeShariah ComShariah ComShariah ComFund of FunFund of FunAggressiveEquityShariah ComAggressive Asset AllocaShariah ComBalancedShariah ComShariah ComShariah ComIndex TrackShariah ComCommoditiesTotalFund of FuTotal excluExhibit: Ch

Includes CSource: MU

0.0

20.0

40.0

60.0

80.0

100.0

120.0

140.0


et unegorize

iveketmpliant Money Mmpliant Capital Prected

mpliant Incomempliant Fund of Fmpliant Fund of Fnds - CPPIndse

mpliant EquityFixed Incometionmpliant Asset Allo

mpliant Balanced mpliant Aggressivmpliant Index Trakermpliant Commodits

undsding Fund of F

hanges in Funds

CPPI funds worthUFAP / FMRs, OE

MoneyMarket

Incom

Sep


der Med by F

arketrotected Fund

Funds - CPPIFunds

cation

Fundve Fixed Incomeacker

ties

FundsAsset Allocation

h PKR 40.13bnEF=Open-Ended

me Equity

p-16

ber 2016

ManagFund T

d Funds, MoM=M

ShariahCompliant

Income

ShCom

Eq

Aug-16

gemenType

No.

Month on Month

hariahmpliantqu ity

Others

nt

30 22 3 2 3 78 28 16 5

22 1 6

78 20 16 7

12 8 6 2 2 1 1 1 2

186 34 152

. of Funds

Exhi

0%

10%

20%

30%

40%

50%

60%

Sep-16 65.2 53.4 7.4 1.6 2.9

185.5 109.1 36.3 7.4 28.5 1.8 2.3 262.8 126.1 78.0 17.2 11.9 12.8 4.8 5.9 3.8 0.9 0.5 0.4 0.4

513.6 40.1

473.4

Fund Size

bit: Asset Alloca

Aggressiv

Aug-16 P 64.2 51.8 7.9 1.6 2.9

185.0 112.4 33.8 7.4 27.2 1.8 2.3 255.0 121.1 76.6 17.6 11.5 11.8 4.7 5.5 3.9 0.9 0.5 0.4 0.4 504.2 38.8 465.5

C

tion - Categorized

e M

Sep-16

PKRbn 1.0 1.5 (0.5) ( (0.0) ( 0.0

0.5 (3.3) ( 2.5 0.0 1.3 0.0 0.0 7.8 5.1 1.4 (0.3) ( 0.3 1.0 0.1 0.3 (0.1) ( (0.0) ( 0.0 (0.0) ( (0.0) ( 9.3 1.4 8.0

Change (MoM)

d by Risk

Moderate

Aug-

Pa

%1.5 3.0

6.4) 2.9) 0.2 0.3

3.0) 7.4 0.5 4.7 0.5 1.5 3.1 4.2 1.8

1.9) 2.9 8.6 2.3 6.2

2.0) 1.2) 1.6

2.9) 0.8) 1.8 13.5 1.7

Industry S

Conservative

-16

age | 8

12.7 10.4 1.4 0.3 0.6 36.1 21.2 7.1 1.4 5.6 0.4 0.5 51.2 24.6 15.2 3.4 2.3 2.5 0.9 1.1 0.7 0.2 0.1 0.1 0.1

100.0 7.8 92.2

Share%


AssCate

PKRbnAsset ManagABL Asset M

AKD Investm

Al Meezan I

Alfalah GHP

Askari Inves

Atlas Asset M

BMA Asset M

Dawood Ca

Faysal Asse

First Capital

Habib Asset

HBL Asset M

JS Investme

Lakson Inve

MCB-Arif Ha

National Inve

NBP Fullerto

Pak Oman A

PICIC Asset

Primus Inves

UBL Fund M

Total

Exhibit: Ch

Source: MU

-

30.0

60.0

90.0


et unegorize

gement CompanyManagement Com

ment Managemen

nvestment Manag

P Investment Mana

stment Manageme

Management Limi

Management Com

pital Managemen

et Management Li

Investments Limit

t Management Lim

Management Limit

nts Limited

estments Limited

abib Savings and

estment Trust Lim

on Asset Manage

Asset Managemen

t Management Co

stment Managem

Managers Limited

hanges in Funds A

UFAP / FMRs,

Sep-16


der Med by Aympany Limited

nt Limited

gement Limited

agement Limited

ent Limited

ted

mpany Limited

nt Limited

mited

ted

mited

ted

d Investments Lim

mited

ement Limited

nt Company Limit

ompany Limited

ment Limited

Asset Allocation

ber 2016

ManagAsset

ited

ted

Aug-16

gemenManag

nt gemen

1

Exh

NF

nt ComSep

13 33

4 3

19 86

16 27

7 8

7 21

2 0

0

9 10

1 0

4 2

8 20

10 9

6 12

14 42

6 87

23 65

4 1

6 6

7 8

20 63

186 513

ibit: Asset Alloca

FNo. of unds

MC8

ABL 7%

ALFALA5%

ATLAS 4%

HBL 4%

LAKSON 2%

mpanyp-16 Aug-163.2 31.2

3.7 3.3

6.5 84.8

7.9 28.3

8.9 9.3

1.1 21.1

0.5 0.7

- -

0.3 10.1

0.2 0.2

2.7 2.6

0.0 20.0

9.2 8.9

2.3 12.6

2.4 43.2

7.8 84.3

5.8 62.3

1.6 1.5

6.7 6.5

8.8 8.8

3.9 64.5

3.6 504.2

ation - Categorize

Fund Size

UBL 13%

CBAH 8%

AH

Others10%

6 PKRbn 1.9

0.4

1.7

(0.4)

(0.4)

0.0

(0.2)

-

0.2

(0.0)

0.1

0.1

0.3

(0.3)

(0.8)

3.5

3.5

0.1

0.2

0.0

(0.6)

9.3

d by Industry Sh

Change (M

NIT 17%

NAFA 13%

Pa

% 6.2

11.3

2.0

(1.3)

(4.3)

0.1

(25.0)

-

1.8

(5.1)

3.4

0.3

3.4

(2.4)

(1.9)

4.2

5.7

3.5

n.a.

0.0

(0.9)

1.8 1

are

IndS

MoM)

Al-MEZ 17%

age | 9

6.5

0.7

16.8

5.4

1.7

4.1

0.1

-

2.0

0.0

0.5

3.9

1.8

2.4

8.3

17.1

12.8

0.3

1.3

1.7

12.4

00.0

dustry Share


AssCate

PKRbn

Asset Manag

ABL Asset M

AKD Investm

Al Meezan I

Alfalah GHP

Askari Inves

Atlas Asset M

BMA Asset M

Dawood Ca

Faysal Asse

First Capital

Habib Asset

HBL Asset M

JS Investme

Lakson Inve

MCB-Arif Ha

National Inve

NBP Fullerto

Pak Oman A

PICIC Asset

Primus Inves

UBL Fund M

Total

Allocation %

Exhibit: Ch

Source: MU

-

30.0

60.0

90.0

120.0

150.0

180.0

210.0

240.0


et unegorize

gement Company

Management Com

ment Managemen

nvestment Manag

P Investment Mana

stment Manageme

Management Limi

Management Com

pital Managemen

et Management Li

Investments Limit

t Management Lim

Management Limit

nts Limited

estments Limited

abib Savings and

estment Trust Lim

on Asset Manage

Asset Managemen

t Management Co

stment Managem

Managers Limited

%

hanges in Funds A

UFAP / FMRs,

Equities Cash

Sep


der Med by Ay

mpany Limited

nt Limited

gement Limited

agement Limited

ent Limited

ted

mpany Limited

nt Limited

mited

ted

mited

ted

d Investments Lim

mited

ement Limited

nt Company Limit

ompany Limited

ment Limited

Asset Allocation

h TBills

-16

ber 2016

ManagAsset

ited

ted

TDRs PIBs

Aug-1

gemenAlloca

TFCs /Sukuks

O

6

nt ation

11.8

2.5

58.4

8.2

0.4

5.8

0.0

-

0.5

0.2

0.2

7.7

4.6

3.3

12.4

78.2

22.6

0.5

-

0.8

8.3

226.5

44.1%Exh

Equities C

Others

TF

13.2 1

0.2 0

11.4

6.8 3

1.3 3

9.0 0

0.2 0

-

4.0 0

0.0 0

1.9

4.1 4

2.5

5.2 1

15.7 7

- 5

30.2 5

0.4 0

-

1.9 0

11.0 0

119.1 35

23.2% 6.ibit: Asset Alloca

Cash PIBs

TD5.

PIBs3.9%

FCs / Sukuks4.1%

1.3 0.3

0.2 0.3

- 3.6

3.1 0.8

3.1 0.5

0.9 -

0.0 0.1

- -

0.8 -

0.0 -

- 0.3

4.5 7.0

- 0.7

1.2 1.7

7.4 3.3

5.4 4.7

5.2 2.6

0.4 -

- -

0.9 1.2

0.4 -

5.0 27.1

.8% 5.3%ation - Categorize

s Tbills

TBills6.8%

DRs3%

Others12.6%

4.0

-

-

0.2

1.6

2.2

0.1

-

2.5

-

-

1.0

-

0.3

3.3

0.8

0.4

0.2

-

3.4

-

20.0

3.9%d by Industry Sh

TDRs

Equit44.1

Cash23.2%

Pag

2.7

0.1

3.3

1.7

1.9

1.5

0.0

-

0.6

-

-

1.3

0.2

0.5

3.0

0.4

1.4

0.1

-

0.5

2.1

21.2 5

4.1%are

TFCs / Sukuks

To

ties1%

ge | 10

33.2

3.7

86.5

27.9

8.9

21.1

0.5

-

10.3

0.2

2.7

26.7

9.2

12.3

42.4

87.8

65.8

1.6

-

8.8

63.9

513.6

100%

tal


TopSeptAMC

FUND

NIT

NIUT

AL MEEZAN

MIF

MCB-AH

MCBPSF

UBL-FM

AAIDEF

AL MEEZAN

AMMF

NAFA

NSF

NIT

NIEF

UBL-FM

AASSF

ATLAS

ASMF

ALFALAH

AGISF

HBL

HSF

ABL

ABLSF

UBL-FM

USAF

ABL

ABLISF

LAKSON

LEF

NAFA

NIAAF

AL MEEZAN

MBF

ATLAS

AISF

NAFA

NISF

NAFA

NIAAEF

ALFALAH

AGSF

AL MEEZAN

KMIF

MCB-AH

MCBPISF

JSIL

JSGF

HBL

HISF


Holditembe

PKRbn

SCRIP P

PKRbn

%

PKRbn

%

PKRbn

%

PKRbn

%

PKRbn

%

PKRbn

%

PKRbn

%

PKRbn

%

PKRbn

%

PKRbn

%

PKRbn

%

PKRbn

%

PKRbn

%

PKRbn

%

PKRbn

%

PKRbn

%

PKRbn

%

PKRbn

%

PKRbn

%

PKRbn

%

PKRbn

%

PKRbn

%

PKRbn

%

PKRbn

%

PKRbn

%


ings or, 2016PSO PKGS MARI

7.93 2.88 2.16

- - -

2.02 2.69 1.68

- - -

- - 0.29

- - -

0.42 0.28 0.34

- - -

0.29 0.40 0.29

- - -

0.45 - 0.29

- - -

0.17 - -

- - -

0.21 0.18 0.17

- - -

0.17 - 0.26

- - -

0.19 - 0.19

- - -

0.18 0.18 -

- - -

0.15 0.15 -

- - -

0.15 - 0.15

- - -

- 0.11 -

- - -

0.14 - -

- - -

0.16 - 0.12

- - -

0.10 0.13 -

- - -

0.08 - 0.10

- - -

0.14 - 0.11

- - -

0.11 - 0.08

- - -

0.08 - 0.08

- - -

- - -

- - -

- - 0.03

- - -

0.11 - -

- - -

- 0.03 -

- - -

ber 2016

of AM6 ENGRO HUBC

- -

- -

2.35 2.69

7.0 -

0.24 0.26

- -

0.36 0.44

5.2 -

0.40 0.46

7.0 -

0.41 -

4.5 -

0.15 0.26

- -

0.19 0.19

4.4 -

0.24 -

5.8 -

- 0.20

- 3.7

0.19 0.20

4.3 -

0.21 0.19

5.2 -

0.15 -

3.7 -

0.18 0.18

7.1 -

0.10 -

3.6 -

0.12 0.08

3.2 -

0.16 0.16

5.0 -

0.12 0.07

8.1 -

0.13 -

4.7 -

0.12 -

5.8 -

- 0.08

- -

0.08 0.09

9.0 -

0.02 0.06

2.5 -

0.09 -

4.5 -

0.05 0.06

7.1 -

MCs’ i

LUCK BATA OGD

- 4.33 -

- 6.0 -

2.69 - -

- - -

- - 0.4

- - -

0.39 - 0.2

- - -

0.46 - -

- - -

- - 0.3

- - -

0.45 - 0.1

- - -

0.19 - 0.1

- - -

- - 0.1

- - -

0.19 - 0.2

- - -

0.20 - 0.2

- - -

- - 0.1

- - -

- - 0.1

- - -

0.11 - 0.1

- - -

0.13 - 0.1

- - -

0.12 - -

- - -

0.13 - -

- - -

0.06 - 0.0

- - -

0.08 - -

- - -

- - -

- - -

- - 0.1

- - -

0.09 - -

- - -

0.02 - 0.0

- - -

- - 0.0

- - -

0.07 - -

- - -

n Equ

DC FFC BAHL K

2.88 2.88

4.0 4.0

- -

- -

40 - -

- -

29 - -

- -

- -

- -

30 - -

- -

4 0.16 -

- -

7 - -

- -

6 - -

- -

21 - -

- -

21 - -

- -

9 - -

- -

3 - -

- -

0 - -

- -

9 - -

- -

- -

- -

- -

- -

06 - -

- -

- -

- -

- -

- -

0 - -

- -

- -

- -

05 - -

- -

08 - -

- -

- -

- -

uities

KEL EFERT HCA

- - -

- - -

1.34 1.34 1.34

- 4.0 4.0

0.23 0.38 -

- - -

0.34 - 0.28

- - 4.0

0.23 0.23 0.17

- 4.0 3.0

- - -

- - -

- 0.16 -

- - -

0.18 - 0.17

- - 4.0

- 0.22 -

- 5.4 -

- - -

- - -

- - -

- - -

- - 0.25

- - 6.3

0.15 - -

- - -

- 0.10 0.17

- 3.9 6.8

- - -

- - -

- - -

- - -

- - -

- - -

- 0.09 -

- 6.3 -

- - 0.09

- - 3.4

- 0.07 0.07

- 3.3 3.5

- - -

- - -

0.03 - -

- - -

0.03 0.04 -

- 4.0 -

- - -

- - -

- - -

- - -

AR POL DGKC A

- -

- -

4 - 1.01

- 3.0

0.48 -

- -

8 - 0.37

- 5.3

7 - -

- -

0.27 -

- -

- 0.36

- -

7 - -

- -

0.17 -

- -

0.17 -

- -

- 0.18

- 4.1

5 0.17 -

- -

0.20 -

- -

7 0.12 -

- -

- 0.13

- 4.8

0.11 -

- -

- -

- -

0.06 0.08

- 5.5

9 0.10 -

- -

7 0.07 -

- -

0.10 -

- -

0.04 0.04

- 5.0

0.07 -

- -

- -

- -

0.04 0.04

- 5.7

ABOT NML SRV

2.16 - 2.16

3.0 - -

- - -

- - -

- - -

- - -

- - -

- - -

- - -

- - -

- 0.40 -

- - -

- - -

- - -

- 0.18 -

- - -

- 0.14 -

- - -

- 0.19 -

- - -

- - -

- - -

- - -

- - -

- 0.16 -

- - -

- 0.09 -

- - -

- 0.12 -

- - -

- 0.09 -

- - -

- - -

- - -

- 0.06 -

- - -

- 0.13 -

- - -

- 0.10 -

- - -

- 0.10 -

- - -

- - -

- - -

- 0.03 -

- - -

- 0.08 -

- - -

- 0.02 -

- - -

Pag

VI GLAXO PAKT

6 2.17 2.16

3.0 -

- -

- -

- -

- -

- -

- -

- -

- -

- -

- -

- -

- -

- -

- -

- -

- -

- -

- -

- -

- -

- -

- -

- -

- -

- -

- -

- -

- -

- -

- -

- -

- -

- -

- -

- -

- -

- -

- -

- -

- -

- -

- -

- -

- -

- -

- -

- -

- -

ge | 11

TOTAL

31.72

19.15

2.29

3.51

2.92

2.13

1.86

1.84

1.35

1.34

1.32

1.30

1.10

1.16

0.81

0.80

0.67

0.79

0.79

0.64

0.54

0.37

0.35

0.36

0.32


FUND

ALFALAH

AGAF

AKD

AOF

MCB-AH

PIEIF

JSIL

JSVF

JSIL

UTP

PICIC

PEF

NAFA

NIPPF-II

UBL-FM

AAIAAF

JSIL

JSISF

HBL

HMAF

MCB-AH

PCMF

UBL-FM

UAAF

NAFA

NAAF

NAFA

NMF

MCB-AH

PAAF

ALFALAH

AGVF

JSIL

JSLCF

FAYSAL

FAAF

NAFA

NIPPF-I

TOTAL

Source: MUFAP% represents -


SCRIP P

PKRbn

%

PKRbn

%

PKRbn

%

PKRbn

%

PKRbn

%

PKRbn

%

PKRbn

%

PKRbn

%

PKRbn

%

PKRbn

%

PKRbn

%

PKRbn

%

PKRbn

%

PKRbn

%

PKRbn

%

PKRbn

%

PKRbn

%

PKRbn

%

PKRbn

%

1

P / FMRs percentage of total


PSO PKGS MARI

0.05 - 0.06

- - -

- - -

- - -

- - 0.02

- - -

0.06 - -

- - -

0.05 - -

- - -

0.04 - -

- - -

0.04 - -

- - -

0.01 0.01 0.01

- - -

0.03 - -

5.6 - -

- 0.01 -

- - -

- - 0.01

- - -

- - 0.02

- - -

- - 0.02

- - -

- - 0.02

- - -

0.02 - -

- - -

- - 0.02

- - -

0.04 - -

4.4 - -

- 0.01 -

- - -

0.01 - -

- - -

3.58 7.07 6.54

fund size invested in

ber 2016

ENGRO HUBC

- 0.06

- -

- -

- -

- 0.04

- -

0.05 -

5.3 -

0.05 -

5.7 -

- -

- -

0.03 -

4.6 -

0.02 0.03

2.3 -

0.02 -

4.1 -

0.01 0.01

3.0 -

- 0.01

- -

0.02 0.02

2.3 -

0.02 -

2.6 -

0.03 -

3.3 -

- -

- -

- 0.02

- 3.1

- -

- -

- -

- -

0.01 0.01

2.1 -

6.35 5.87

n the scrip.

LUCK BATA OGD

- - 0.0

- - -

- - 0.0

- - -

- - 0.0

- - -

- - -

- - -

- - 0.0

- - -

- - 0.0

- - -

- - -

- - -

0.02 - 0.0

- - -

- - -

- - -

0.01 - 0.0

- - -

- - 0.0

- - -

0.02 - -

- - -

- - -

- - -

- - -

- - -

- - -

- - -

- - 0.0

- - -

- - -

- - -

- - -

- - -

0.01 - -

- - -

5.42 4.33 3.1

DC FFC BAHL K

07 - -

- -

09 - -

- -

04 - -

- -

- -

- -

04 - -

- -

06 - -

- -

- -

- -

01 - -

- -

- -

- -

02 - -

- -

02 - -

- -

- -

- -

- -

- -

- -

- -

- -

- -

02 - -

- -

- -

- -

- -

- -

- -

- -

4 3.05 2.88

KEL EFERT HCA

- - -

- - -

0.15 - -

- - -

0.02 0.03 -

- 4.6 -

- - -

- - -

- - -

- - -

0.03 - -

- - -

- - -

- - -

- - -

- - -

- - -

- - -

- - -

- - -

0.01 0.02 -

- 4.2 -

- - -

- - -

- - -

- - -

- - -

- - -

0.01 0.03 -

- 5.0 -

- - -

- - -

- - -

- - -

0.00 0.02 -

- 8.7 -

- - -

- - -

2.76 2.74 2.56

AR POL DGKC A

0.07 -

- -

- -

- -

0.03 -

- -

- 0.05

- 4.9

- -

- -

0.05 -

- -

0.03 -

- -

- 0.02

- 1.7

- 0.04

- 7.9

- 0.01

- 2.9

0.01 -

- -

- 0.02

- 2.5

0.02 -

- -

- -

- -

0.01 -

- -

0.01 -

- -

- 0.04

- 6.0

- -

- -

0.01 -

- -

6 2.42 2.39

ABOT NML SRV

- - -

- - -

- - -

- - -

0.02 0.02 -

2.6 - -

- 0.04 -

- - -

- 0.05 -

- - -

- - -

- - -

- 0.05 -

- - -

- - -

- - -

- 0.04 -

- - -

- - 0.01

- - -

0.01 0.01 -

3.1 - -

- - -

- - -

- 0.03 -

- - -

- 0.04 -

- - -

0.02 - -

3.4 - -

- 0.02 -

- - -

- - -

- - -

- - -

- - -

- 0.01 -

- - -

2.21 2.20 2.18

Pag

VI GLAXO PAKT

- -

- -

- -

- -

- -

- -

- -

- -

- -

- -

- -

- -

- -

- -

- -

- -

- -

- -

1 - -

- -

- -

- -

- -

- -

- -

- -

- -

- -

- -

- -

- -

- -

- -

- -

- -

- -

- -

- -

8 2.17 2.16

ge | 12

TOTAL

0.31

0.23

0.22

0.20

0.19

0.18

0.15

0.13

0.12

0.10

0.10

0.10

0.10

0.09

0.09

0.09

0.08

0.04

0.04

82.02


TopBy s

S No Scrip1 PSO2 PKGS3 MAR4 ENGR5 HUBC6 LUCK7 BATA8 OGD9 FFC10 BAHL11 KEL12 EFER13 HCAR14 POL15 DGKC16 ABOT17 NML18 SRVI19 GLAX20 PAKT21 HBL22 UBL23 MCB24 PPL25 INDU26 CHC27 KAPC28 TRG29 THAL30 KTML31 AICL32 SEAR33 ACPL34 BAFL35 ECOP36 CPPL37 APL38 SNGP39 IGIIL40 SHJS

Source: MU

PKRbn

* Change dur


Holdcrip –

Sep-1613.58

S 7.07 I 6.54 RO 6.35 C 5.87 K 5.42 A 4.33 C 3.14

3.05 L 2.88

2.76 RT 2.74 R 2.56

2.42 C 2.39 T 2.21

2.20 I 2.18 XO 2.17 T 2.16

1.89 1.77 1.11 0.99

U 0.88 C 0.48

CO 0.36 0.34

LL 0.30 L 0.25

0.24 RL 0.19 L 0.19 L 0.16 P 0.15 L 0.15

0.14 P 0.13

0.13 S 0.12

UFAP / FMRs, Oring the month inclu


dings Month

Aug-16 ∆13.00 0

7.00 0 7.32 (0 7.18 (0 6.42 (0 6.62 (1 4.13 0 2.41 0 2.96 0 2.89 (0 2.49 0 2.70 0 1.69 0 2.30 0 2.00 0 2.10 0 1.74 0 2.06 0 2.07 0 2.06 0 2.28 (0 1.54 0 0.82 0 1.03 (0 0.37 0 0.36 0 0.71 (0 0.15 0 0.16 0 0.24 0 0.20 0 0.51 (0 0.19 (0 - 0 - 0

0.01 0 0.18 (0 0.18 (0 0.13 0 0.10 0

EF=Open-Ende

AUM

udes impact of buy

ber 2016

of AMhly cha∆ S No S0.58 41 S0.07 42 E0.78) 43 T0.83) 44 P0.55) 45 J1.20) 46 D0.20 47 P0.73 48 A0.09 49 A0.01) 50 B0.27 51 A0.04 52 C0.87 53 N0.12 54 P0.39 55 S0.11 56 K0.46 57 N0.11 58 N0.10 59 C0.10 60 N0.39) 61 H0.22 62 S0.29 63 O0.04) 64 F0.51 65 A0.11 66 P0.35) 67 P0.19 68 P0.15 69 M0.01 70 N0.040.32)0.01)0.160.150.140.04)0.04)0.000.02

Total - To

d Funds, MoM=M

PKRbn

ying/selling as well

MCs iange Scrip SepSHEL 0 EFOODS 0 TGL 0 PCAL 0 JVDC 0 DAWH 0 PTC 0 AABS 0 ATLH 0 BIFO 0 ASTL 0 CEPB 0 NOPK 0 PSMC 0 SSGC 0 KOHC 0 NCPL 0 NBP 0 CSAP 0 NPL 0 HINO 0 SPEL 0 OLPL 0 FCCL 0 AGIL 0 PAEL 0 PIOC 0 PIBTL 0 MUGHAL 0 NCL 0

op Holdings 9

Month on Monthas movement in s

n Equ

p-16 Aug-160.12 0.10 0.10 - 0.09 0.09 0.09 0.06 0.08 0.07 0.08 0.17 0.08 - 0.08 0.08 0.08 0.07 0.07 0.07 0.06 - 0.06 0.03 0.06 0.04 0.06 0.10 0.06 0.06 0.06 0.06 0.05 0.08 0.05 0.05 0.04 0.03 0.04 0.05 0.03 - 0.03 0.04 0.03 0.03 0.03 0.19 0.02 0.02 0.01 0.65 0.01 0.31 0.01 - 0.01 0.03 0.01 0.04

93.58 93.39

AUM

hare price during th

uities

∆0.02 0.10

(0.01) 0.02 0.01

(0.09) 0.08

(0.00) 0.01 0.00 0.06 0.03 0.02

(0.04) (0.00) (0.01) (0.02) (0.00) 0.00

(0.01) 0.03

(0.01) 0.00

(0.17) (0.00) (0.64) (0.30) 0.01

(0.02) (0.03)

0.19

Ex

Ex

he month.

23.29

80

xhibit: Equity hol

xhibit: Equity hol

9

17.78

16.08

15.05

12.91

12.20

9

60

Sep-16

ldings in Top 20

ldings by AMCs

9.81

6.73

6.20

4.05

1.65

0.9

0.6

0.

0.

0.

0

0

0

0

20 40

A

Pag

Sectors (PKRbn

(PKRbn)

5

97

69

52

50

46

0.09

0.07

0.04

0.02

Cement

Oil & Gas

Banks

OMCs

Fertilizer

Power

Pharma

Leather

Autos

Paper

Textile

Engineering

Chemical

Food

Insurance

Tech.

Refinery

Transport

Auto-P

NBFCs

-

NIT

AMIML

NAFA

MCB-AH

ABL

UBL-FM

AGIML

HBL

AAML

JSIL

LIL

AKDIML

PIML

FAML

POAMC

AIML

FCIL

HAML

PICIC

Aug-16

ge | 13

)

H

L

L


TopCate

ConservativMoney MarkShariah ComShariah ComCapital ProteModerateIncome Shariah ComShariah ComFund of FunShariah ComFund of FunAggressiveEquity Shariah ComAsset AllocatShariah ComAggressive FShariah ComIndex TrackShariah ComBalanced Shariah ComCommodities

STAR FUCategoryEquitySource: FMR

Category


Perfoegorize

veket mpliant Money Mampliant Capital Proected

mpliant Income mpliant Fund of Fundsmpliant Fund of Funds - CPPI e

mpliant Equity tion mpliant AggressivFixed Income mpliant Asset Allocker mpliant Index Tra

mpliant Balanced s

UND

Rs / MUFAP


ormered on M

arket otected

unds

unds - CPPI

e Fixed Income

cation

cker

ber 2016

rs Month

NAFA GovernAl Ameen IslamNAFA Islamic Pakistan Sarm

NAFA IncomeABL Islamic InNAFA Islamic JS Fund of FuNAFA Islamic JS Fund of Fu

AKD OpportunNAFA Islamic NAFA Asset ANAFA Islamic AKD AggressiFaysal IslamicAKD Index TrKSE Meezan NAFA Multi AsMeezan BalanUBL Gold Fun

Fund NameAKD Opportu

Fund Name

-to-da

nment Securities Lmic Cash Fund (FPrincipal Protecte

maya Mehfooz Fu

Fundcome Fund (FormActive Allocation

undsPrincipal Preserv

unds

nity FundStock Fund

Allocation FundAggressive Incomive Income Fund

c Asset Allocation racker FundIndex Fundsset Fundnced Fundnd

unity Fund

ate (MT

Liquid FundFormerly: UBL Isled Fund IInd

merly: ABL IslamiPlan I

vation Fund

me Fund(Formerly: AKD Fund

TD) ba

lamic Cash Fund)

c Cash Fund)

Income Fund)

asis

10.28 ) 101.46

121.34 107.68

9.93 10.16

120.40 51.77

106.87 51.77

100.87 12.84 16.32

9.62 52.63

106.33 15.21 81.88 17.18 16.45 89.30

NAV100.87

NAVMTD

7.81 4.99 3.09 0.38

8.42 5.91 2.96 2.31 1.64 2.31

9.03 3.95 2.99 5.21 6.52 2.06 1.62

(0.80) 2.99 0.18 0.67

MTD9.03

R

Pag

180D 365

5.52 4.79

13.78 1 4.55

6.68 5.10

15.64 10.75 2

7.71 10.75 2

39.45 3 21.76 2 17.20 1

6.15 6.33

12.90 16.93 1 16.40 2 18.58 2 10.94 1

6.63 1

180D 325.76 3

Return %

ge | 14

5D

5.67 4.77

13.625.25

6.79 5.70 N/A

21.089.03

21.08

33.9728.7919.39

6.79 9.05 7.91

17.9522.7921.2317.0215.99

365D33.97


TopCate

ConservativMoney MarkShariah ComShariah ComCapital ProteModerateIncome Shariah ComShariah ComFund of FunShariah ComFund of FunAggressiveEquity Shariah ComAsset AllocatShariah ComAggressive FShariah ComIndex TrackShariah ComBalanced Shariah ComCommodities

STAR FUCategoryEquitySource: FM

Category


Perfoegorize

veket mpliant Money Mampliant Capital Proected

mpliant Income mpliant Fund of Fundsmpliant Fund of Funds - CPPI e

mpliant Equity tion mpliant AggressivFixed Income mpliant Asset Allocker mpliant Index Tra

mpliant Balanced s

UND

MRs / MUFAP


ormered on Y

arket otected

unds

unds - CPPI

e Fixed Income

cation

cker

ber 2016

rs Year-t

NAFA Money Al Ameen IslamNAFA Islamic Pakistan Sarm

JS Income FuPak Oman AdvMeezan CapitaABL Financial Meezan CapitaAlfalah GHP C

AKD OpportunJS Islamic FunNAFA Asset ANAFA Islamic United GrowthFaysal IslamicAKD Index TrKSE Meezan NAFA Multi AsMeezan BalanAtlas Gold Fun

Fund NameAKD Opportu

Fund Name

to-date

Market Fundmic Cash Fund (FPrincipal Protecte

maya Mehfooz Fu

ndvantage Islamic Intal Preservation FPlanning Fund (A

tal Preservation FCapital Preservatio

nity FundndAllocation Fund

Aggressive Incomh & Income Fundc Asset Allocation racker FundIndex Fundsset Fundnced Fundnd

unity Fund

e (YTD

Formerly: UBL Isled Fund IInd

ncome FundFund IIActive Plan)

Fund IIon Fund

me Fund

Fund

D) basi

lamic Cash Fund)

is

9.99 ) 101.46

121.34 107.68

97.85 53.30 64.64

110.55 64.64

109.02

100.87 124.03

16.32 9.62

87.18 106.33

15.21 81.88 17.18 16.45

105.78

NAV100.87

NAVYTD

6.08 4.72 8.15 2.09

8.96 9.38 5.31 6.81 5.31 3.00

25.76 20.34 10.03

5.47 11.11 10.78

6.65 3.76 9.85 3.85 -

YTD25.76

R

Pag

180D 365

6.19 4.79

13.78 1 4.55

7.41 7.02

12.99 1 11.02 12.99 1

6.85 1

39.45 3 26.47 3 17.20 1

6.15 11.81 1 12.90 16.93 1 16.40 2 18.58 2 10.94 1

7.22 1

180D 339.45 3

Return %

ge | 15

5D

6.22 4.77

13.625.25

6.83 5.97

18.24N/A

18.2411.20

33.9735.9219.39

6.79 13.11

7.91 17.9522.7921.2317.0216.62

365D33.97


Fun

NAV

AUMs (PK

AMC

Risk Profil

Fund Ratin

Rating Age

Managem

Min Subsc

Benchmar

WA Maturit

Fund Mana

Fund Snap

by AKD InAKD

Fund Infor

For the mon100 Index. Tincreased breturn of 7.3

- 5.0

10.0 15.0 20.0 25.0 30.0 35.0 40.0 45.0

Y

0%

25%

50%

75%

100%

Cas

Sep-16


d in S

KRmn)

e

ng

ency

ent Fee

cription

rk

ty

ager

pshot

nvestment MaD Oppo

rmation

nth of SeptemberThe benchmark Kby 9.03%. Fiscal 30%, outperform

ear to Date M

sh Equities


Spotli

AKD

anagement Limortunit

r'16 the AKD OpKSE-100 Index in year to date ret

ming the benchm

Month toDate

180

TBills T

ber 2016

ight

Investment M

mitedty Fun

pportunity Fund (ncreased by 1.8turn stood at 25.

mark KSE-100 Ind

0 DAY 270 D

DRs PIBs

Se

10

2,0

anagement Li

Aggre

5

PA

2

KSE 100

Anum D

Return

Asset Allo

nd

AKDOF) outperf84% versus the A76% versus the

dex by 18.46%

DAY 365 DAY

TFCs /Sukuks

ep-16

00.87

053.7

mited

essive Cash

5 Star Equiti

ACRA TBills

2.00% TDRs

Any PIBs

Index TFCs

- Others

hedhi Total

Period

Year t

Month

180 D

270 D

365 D

ns

ocation

formed the bencAKD Opportunity

e benchmark KSE

Y

es

/ Sukuks

s

d

to Date

h to Date

DAY

DAY

DAY

A

chmark KSE-y Fund that E- 100 Index

E

PKRmn

60.

2,064.

-

-

-

-

(71.

2,053.

Asset Allocatio

Equities97%

%

.9

.3

.5)

.7

on

C

Pag

3.0

100.5

-

-

-

-

(3.5)

100.0

%

25.8

9.0

39.5

32.7

34.0

Cash3%

ge | 16


PerfFund

Money Market

ABL Cash Fund

AKD Cash Fun

Alfalah GHP Ca

Alfalah GHP M

Askari Sovereig

Atlas Money M

Atlas Sovereign

BMA Empress

Faysal Money M

First Habib Cas

HBL Money Ma

JS Cash Fund

Lakson Money

MCB Cash Man

NAFA Governm

NAFA Money M

NIT Governme

Pakistan Cash

PICIC Cash Fu

PIML Daily Res

UBL Liquidity P

UBL Money Ma

Average Retur

Capital Protec

HBL Mustahek

JS Capital Prot

Pakistan Sarma

Average Retur

Fund of Funds

Alfalah GHP Ca

Average Retur


forma

t

d

d

ash Fund

oney Market Fund

gn Cash Fund

arket Fund

n Liquid Fund

Cash Fund

Market Fund

sh Fund

arket Fund

Market Fund

nagement Optimizer

ment Securities Liqu

Market Fund

nt Treasury Fund

Management Fund

und

serve Fund

Plus Fund

arket Fund

rns

cted Funds

um Sarmaya Fund 1

tected Fund V

aya Mehfooz Fund

rns

s - CPPI Funds

apital Preservation F

rns


ance S

r

id Fund

1

Fund

ber 2016

Summ Rating

AA(f)

AA+(f)

AA(f)

N/A

AAA(f)

AA(f)

AA(f)

AA+(f)

AA+(f)

AA(f)

AA(f)

AA+(f)

AA(f)

AA(f)

AAA(f)

AA(f)

N/A

AAA(f)

AA(f)

AA+(f)

AA(f)

AA(f)

N/A

N/A

N/A

N/A

maryAUM (PKRbn)

3.7

0.1

0.7

1.4

0.9

3.8

0.8

0.1

1.4

1.2

4.1

0.5

4.5

6.0

4.7

9.8

1.0

1.3

2.7

0.5

3.5

0.7

1.9

0.3

0.7

1.8

NAV %

10.2 5.

50.7 4.

502.2 4.

99.6 4.

101.7 4.

507.7 5.

101.4 5.

10.2 3.

102.5 5.

101.7 5.

102.7 -

104.0 5.

101.5 5.

101.6 5.

10.3 7.

10.0 5.

10.1 5.

50.9 5.

101.9 -

77.0 5.

101.8 4.

101.3 0.

4.

103.5 -

101.6 -

107.7 0.

0.

109.0 0.

0.

MTD

% Rank

9 2

4 18

6 17

8 15

9 14

2 7

0 11

8 19

3 6

3 5

21

3 4

2 8

0 12

8 1

5 3

0 12

2 8

21

1 10

8 15

3 20

5 0

2

2

4 1

1 0

5 1

5 0

YTD

% Rank 5.8 2 4.7 19 5.3 8 5.7 3 5.0 17 5.2 10 5.0 16 3.7 21 5.4 5 5.2 11 4.6 20 5.4 4 5.3 9 5.0 15 5.3 6 6.1 1 4.9 18 5.2 12 5.3 7 5.2 13 5.0 14 3.4 22 5.1 0 2.4 1 1.6 3 2.1 2 2.0 0 3.0 1 3.0 0

180D

% Ra

5.9 2 4.9 18 5.0 1 5.3 1 5.2 14 5.5 7 5.3 12 4.0 22 5.6 4 5.1 16 4.7 20 5.4 10 5.5 7 5.3 12 5.5 6 6.2 1 4.9 19 5.4 9 5.7 3 5.2 14 5.5 5 4.2 2 5.2 0

4.0 2 N/A N/ 4.6 1 4.3 0

6.9 1 6.9 0

Pag

365D

nk %

2 5.7

8 5.1

7 5.1

1 5.3

4 5.2

7 5.7

2 5.4

2 4.1

4 5.6

6 5.2

0 4.8

0 5.5

7 5.5

2 5.4

6 5.7

1 6.2

9 N/A

9 5.6

3 5.8

4 5.7

5 5.4

1 4.6

0 5.4

2 6.8

/A N/A

1 5.3

0 6.0

1 11.2

0 11.2

ge | 17

D

Rank 3 17 18 14 15 5 12 21 8 16 19 9 10 11 4 1

N/A 7 2 6 13 20 0 1

N/A 2 0 1 0


Fund

Income Funds

ABL Governme

ABL Income Fu

Alfalah GHP In

Alfalah GHP So

Askari Sovereig

Atlas Income F

Faysal Financia

Faysal MTS Fu

Faysal Savings

First Habib Inco

HBL Income Fu

JS Income Fun

Lakson Income

MCB DCF Inco

MCB Pakistan

NAFA Financia

NAFA Governm

NAFA Income F

NAFA Income O

NAFA Savings

NIT − Governm

NIT − Income F

Pak Oman Gov

Pakistan Incom

PICIC Income F

PIML Income F

UBL Governme

UBL Income O

Average Retur

Aggressive Fix

AKD Aggressiv

Alfalah GHP In

Askari High Yie

BMA Chundriga

Faysal Income

Pakistan Incom

United Growth

Average Retur

Balanced Fund

Faysal Balance

HBL Multi Asse

NAFA Multi Ass

Pakistan Capita

Primus Strateg

Unit Trust of Pa

Average Retur

Index Tracker

AKD Index Trac

Average Retur


s

ent Securities Fund

und

come Fund

overeign Fund

gn Yield Enhancer

und

al Sector Opportunit

und

s Growth Fund

ome Fund

und

nd

e Fund

ome Fund

Sovereign Fund

al Sector Income Fun

ment Securities Savi

Fund

Opportunity Fund

Plus Fund

ment Bond Fund

Fund

vernment Securities

me Fund

Fund

Fund

ent Securities Fund

pportunity Fund (UIO

rns

xed Income Funds

ve Income Fund

come Multiplier Fun

eld Scheme

ar Road Savings Fu

& Growth Fund

me Enhancement Fu

& Income Fund

rns

ds

ed Growth Fund

et Fund

set Fund

al Market Fund

ic Multi Asset Fund

akistan

rns

Funds

cker Fund

rns


y Fund

nd

ngs Fund

Fund

OF)

d

nd

nd

ber 2016

Rating AU

(PKR

A+(f) 8

A+(f) 4

A+(f)

AA(f) 4

AA(f)

AA(f) 9

AA(f) 0

N/A 0

AA(f) 4

AA(f)

A(f) 6

A+(f)

A+(f) 2

N/A 6

N/A 7

A+(f)

AA(f) 0

A(f) 0

A(f) 1

AA(f) 0

N/A 4

N/A 4

AA(f) 0

A+(f)

A+(f) 2

A+(f) 5

A+(f) 15

N/A 0

BBB(f)

A+(f) 2

A(f) 6

A+(f) 0

A(f) 2

A+(f) 2

BBB+(f) 2

3Star 0

1Star 0

3Star

4Star 0

4Star 0

2Star

-

N/A 0

UM Rbn) NAV

8.9 10.1

4.0 10.1

1.5 111.6

4.9 107.0

1.1 102.6

9.5 517.8

0.1 101.9

0.2 101.6

4.9 102.9

1.3 102.1

6.0 106.9

1.2 97.9

2.8 102.5

6.9 107.2

7.8 53.8

1.1 10.6

0.2 10.4

0.6 9.9

1.8 10.9

0.5 10.3

4.1 10.1

4.2 10.4

0.8 10.7

1.1 54.2

2.1 106.4

5.8 101.8

5.5 106.7

0.3 111.2

1.1 52.6

2.4 53.7

6.0 103.4

0.4 8.3

2.3 106.8

2.3 53.6

2.7 87.2

0.2 66.0

0.8 101.3

1.5 17.2

0.6 11.3

0.3 108.8

1.5 168.6

- -

0.5 15.2

MTD

% Rank 3.8 18 5.0 9 3.8 17 3.9 15 2.6 22 4.8 10 1.2 24 6.0 5 3.6 20 6.3 2 - 25 - 25 5.2 8 6.0 4 3.9 16 6.2 3 4.2 13 8.4 1 4.7 11 5.3 6 4.0 14 4.2 12 - 25 5.2 7 - 25 2.4 23 3.6 19 3.0 21 3.8 0 6.5 1 5.2 2 4.1 5 4.7 4 1.9 7 4.8 3 2.4 6 4.2 0 (1.6) 6 - 4 3.0 1 0.7 2 0.1 3 - 4 0.4 0 - 0 1.6 1 1.6 0

YTD

k % Ra 4.2 24 5.3 9 3.3 26 4.6 16 5.0 12 5.1 1 3.3 27 6.3 5 4.6 17 4.4 20 3.1 28 9.0 1 5.3 8 4.5 18 4.3 22 6.3 4 4.8 14 7.8 2 7.8 3 5.6 7 4.0 25 4.3 23 4.9 13 4.4 2 4.5 18 5.8 6 4.7 15 5.1 10 5.1 0 7.5 2 5.2 4 5.4 3 5.0 5 4.5 6 3.3 7 11.1 1 6.0 0 2.7 6 3.3 5 9.9 1 5.4 3 5.4 4 8.7 2 5.9 0 - 0 6.7 1 6.7 0

180D

nk % R

4 5.8

9 5.9

6 4.7

6 6.0

2 4.9

1 6.6

7 4.7

5 N/A

7 4.9

0 4.7

8 3.9

1 7.4

8 5.9

8 4.7

2 4.9

4 5.9

4 5.2

2 6.7

3 6.9

7 5.7

5 4.6

3 4.6

3 7.9

1 4.4

8 5.1

6 8.1

5 5.9

0 8.6

0 5.7

2 6.3

4 6.7

3 4.8

5 6.5

6 6.2

7 4.5

1 11.8

0 6.7

6 6.8

5 10.0

1 18.6

3 12.9

4 8.6

2 12.6

0 11.6

0 -

1 16.9

0 16.9

Pag

365

Rank %

13 6.2

9 6.2

20 6.0

8 6.4

18 7.1

7 6.8

22 5.2

N/A N/A

19 5.6

22 5.1

27 4.5

4 6.8

10 6.8

21 5.2

17 5.7

12 6.2

15 5.4

6 6.8

5 7.1

14 6.0

25 5.0

24 5.2

3 8.5

26 4.7

16 6.9

2 9.8

10 7.0

1 7.3

0 6.3

4 9.1

2 7.4

6 6.7

3 9.6

5 7.0

7 5.6

1 13.1

0 8.4

6 14.7

4 10.5

1 21.2

2 16.4

5 14.2

3 17.6

0 15.8

0 -

1 18.0

0 18.0

ge | 18

D

Rank

15 13 16 12 4 8

22 N/A 19 24 27 8

11 21 18 14 20 10 5

17 25 23 2

26 7 1 6 3 0 3 4 6 2 5 7 1 0 4 6 1 3 5 2 0 0 1 0


Fund

Asset Allocati

Alfalah GHP Va

Askari Asset Al

Faysal Asset A

Lakson Asset A

Lakson Islamic

Lakson Tactica

MCB Pakistan A

MCB Pakistan

Meezan Asset A

NAFA Asset Al

Pak Oman Adv

PIML Asset Allo

UBL Asset Allo

Average Retur

Fund of Funds

ABL Financial P

ABL Financial P

Alfalah GHP Pr

Alfalah GHP Pr

Alfalah GHP Pr

JS Fund of Fun

Average Retur

Commodities

Atlas Gold Fun

Meezan Gold F

UBL Gold Fund

Average Retur

Equity Funds

ABL Stock Fun

AKD Opportuni

Alfalah GHP Al

Alfalah GHP St

Askari Equity F

Atlas Stock Ma

First Capital Mu

First Habib Sto

HBL Stock Fun

JS Growth Fun

JS Large Cap F

JS Value Fund

Lakson Equity

MCB Pakistan

NAFA Stock Fu

National Invest

PICIC Energy F

PICIC Stock Fu

PIML Value Eq

United Stock A

Average Retur


on Funds

alue Fund

llocation Fund

Allocation Fund

Allocation Developed

Tactical Fund

al Fund

Asset Allocation Fun

Frequent Payout Fu

Allocation Fund

location Fund

vantage Asset Alloca

ocation Fund

ocation Fund

rns

s

Planning Fund (Activ

Planning Fund (Con

rosperity Planning F



nds

rns

Funds

d

Fund

d

rns

d

ity Fund

pha Fund

tock Fund

Fund

rket Fund

utual Fund

ck Fund

nd

d

Fund

Fund

Stock Market Fund

und

ment Unit Trust

Fund

und

uity Fund

dvantage Fund

rns


d Markets Fund

nd

und

ation Fund

ve Plan)

servative Plan)

und (Active)

und (Cons)

und (Moderate)

ber 2016

Rating

4Star

2Star

3Star

1Star

N/A

N/A

N/A

N/A

N/A

3Star

2Star

N/A

4Star

N/A

N/A

N/A

N/A

N/A

N/A

-

4Star

N/A

N/A

4Star

4Star

4Star

2Star

3Star

3Star

3Star

2Star

2Star

2Star

4Star

1Star

3Star

N/A

5Star

3Star

1Star

2Star

N/A

3Star

AUM (PKRbn)

0.6

0.2

0.3

0.3

0.1

1.4

2.3

1.1

0.7

1.5

0.3

1.4

2.4

0.4

0.5

0.2

0.3

0.2

0.6

2.3

0.3

0.4

0.1

4.4

2.1

1.5

2.3

0.2

4.6

0.2

0.1

4.8

2.2

0.9

1.2

3.2

8.8

10.2

73.4

0.7

0.4

0.3

4.7

NAV

68.3

49.2

71.8

116.0

100.1

106.2

83.1

100.7

52.7

16.3

58.2

101.4

127.9

110.6

103.5

111.3

107.5

107.6

51.8

-

105.8

54.4

89.3

15.9

100.9

72.0

133.6

111.7

547.2

12.8

106.6

110.7

182.0

127.2

220.9

122.5

94.0

14.8

73.5

13.5

114.8

116.7

67.7

MTD

% Rank 1.6 2 (0.5) 13 1.2 3 0.3 7 0.1 9 0.8 4 0.2 8 0.6 5 (0.1) 11 3.0 1 - 10 (0.2) 12 0.4 6 0.6 0 2.1 2 1.0 3 0.4 6 0.4 4 0.4 4 2.3 1 1.1 0 - 3 0.6 2 0.7 1 0.4 0 3.2 4 9.0 1 0.7 13 0.7 13 (0.0) 20 1.6 8 1.5 10 1.1 12 - 16 3.0 5 - 16 2.7 6 1.6 9 0.3 15 3.6 3 5.3 2 - 16 - 16 1.1 11 1.9 7 1.9 0

YTD

% Ran 7.7 2 2.8 9 4.3 5 2.4 10 0.4 13 3.5 6 5.1 4 1.5 11 3.3 7 10.0 1 7.6 3 0.6 12 3.1 8 4.0 0 6.8 1 3.2 4 3.5 3 1.9 6 2.6 5 4.4 2 3.7 0 - 1 (0.2) 2 (0.5) 3 (0.2) 0 10.7 6 25.8 1 6.2 18 6.0 19 4.3 20 9.8 8 8.5 11 6.5 17 6.8 16 10.3 7 15.4 2 8.9 9 7.2 14 8.0 12 11.8 5 12.8 3 12.1 4 7.0 15 8.5 10 7.8 13 9.7 0

180D

nk % R

17.1

9.0

8.8

3.7

1.4

5.0

8.4

3.0

N/A N 17.2

11.6

N/A N 8.1

8.5

11.0

6.0

7.3

4.0

6.3

10.8

7.6

7.2

5.8

6.6

6.6

20.7

39.5

13.9

13.7

14.1

20.1

18.3

7 14.2

13.5

15.5

18.0

16.6

16.0

18.5

24.2

24.1

21.2

13.1

12.6

16.7

18.2

Pag

365D

Rank %

2 26.6

4 2.5

5 6.5

9 10.1

11 3.3

8 8.1

6 10.0

10 N/A

N/A N/A

1 19.4

3 15.7

N/A N/A

7 13.5

0 11.6

1 N/A

5 N/A

3 11.4

6 7.2

4 10.2

2 21.1

0 12.5

1 16.6

3 13.6

2 16.0

0 15.4

5 24.2

1 34.0

16 21.8

17 21.4

15 7.1

6 24.9

8 20.7

14 14.7

18 13.2

13 19.9

9 27.2

11 25.9

12 23.9

7 24.7

2 28.5

3 30.8

4 16.3

19 11.5

20 16.9

10 23.5

0 21.5

ge | 19

D

Rank 1 10 8 5 9 7 6

N/A N/A 2 3

N/A 4 0

N/A N/A 2 4 3 1 0 1 3 2 0 8 1 11 12 20 6 13 17 18 14 4 5 9 7 3 2 16 19 15 10 0


Fund

Shariah Comp

Al Ameen Islam

HBL Islamic Mo

Meezan Cash F

Average Retur

Shariah Comp

NAFA Islamic P

NAFA Islamic P

Average Retur

Shariah Comp

Al Ameen Islam

Al Ameen Islam

Meezan Capita

Meezan Financ

Meezan Financ

NAFA Islamic P

Average Retur

Shariah Comp

ABL Islamic Inc

Al Ameen Islam

Alfalah GHP Isl

Askari Islamic I

Atlas Islamic In

Faysal Islamic

JS Islamic Gov

MCB Islamic In

Meezan Islamic

Meezan Sovere

NAFA Active A

NAFA Riba Fre

NIT Islamic Inc

Pak Oman Adv

PICIC Islamic I

PIML Islamic In

Average Retur

Shariah Comp

Al Ameen Islam

NAFA Islamic A

Average Retur

Shariah Comp

First Habib Isla

Meezan Balanc

Average Retur

Shariah Comp

Al Ameen Islam

Askari Islamic A

Faysal Islamic A

HBL Islamic As

NAFA Islamic A

Pak Oman Isla

Pakistan Int'l E

Average Retur


pliant Money Marke

mic Cash Fund

oney Market Fund

Fund

rns

pliant Capital Protec

Principal Protected F

Principal Protected F

rns

pliant Fund of Fund

mic Principal Preserv

mic Principal Preserv

al Preservation Fund

cial Planning Fund o


Principal Preservatio

rns

pliant Income Fund

come Fund

mic Sovereign Fund

lamic Income Fund

Income Fund

ncome Fund

Savings Growth Fun

vernment Securities

ncome Fund

c Income Fund

eign Fund

llocation Riba Free S

ee Savings Fund

ome Fund

vantage Islamic Inco

ncome Fund

ncome Fund

rns

pliant Aggressive F

mic Aggressive Incom

Aggressive Income F

rns

pliant Balanced Fun

mic Balanced Fund

ced Fund

rns

pliant Asset Allocat

mic Asset Allocation



sset Allocation Fund


mic Asset Allocation

lement Islamic Asse

rns


et Funds

cted Funds

Fund I

Fund II

ds - CPPI Funds

vation Fund IV

vation Fund V

II

of Funds (MCPP I)

of Funds (MCPP II)

on Fund

s

nd

Fund

Savings Fund

me Fund

Fixed Income Funds

me Fund

Fund

nds

tion Funds

Fund

nd

nd

nd

n Fund

et Allocation Fund

ber 2016

s

Rating AU(PKR

AA(f) 3

AA(f) 0

AA(f) 3

N/A 0

N/A 0

N/A 1

N/A 0

N/A 1

N/A 1

N/A 3

N/A 1

A(f) 4

AA(f) 3

A+(f) 2

A+(f) 0

AA(f) 0

A(f) 0

AA(f) 0

AA(f) 1

A(f) 11

AA(f) 9

N/A 0

A(f) 1

N/A 0

AA(f) 0

A(f) 0

AA(f) 0

BBB+(f) 1

A(f) 2

2Star 0

N/A 5

3Star 2

2Star 0

N/A 0

N/A 0

4Star 6

3Star 0

4Star 1

M Rbn)

NAV

3.4 101.5

0.5 101.7

3.4 50.7

0.6 117.9

0.9 121.3

.4 111.9

0.3 103.0

.3 64.6

.6 58.4

3.1 52.5

.2 106.9

4.4 10.2

3.6 102.6

2.0 101.8

0.4 102.0

0.5 508.3

0.8 103.8

0.2 101.6

.0 101.8

.1 52.0

9.4 51.6

0.7 10.1

.0 10.3

0.3 10.1

0.2 53.3

0.3 101.9

0.3 101.4

.3 101.0

2.5 9.6

0.1 103.3

5.8 16.5

2.8 117.0

0.1 108.9

0.1 106.3

0.9 104.8

6.7 16.6

0.3 61.9

.0 67.8

MTD

% Rank 5.0 1 - 3 4.5 2 3.2 0 1.5 2 3.1 1 2.3 0 0.4 2 0.3 3 - 4 - 4 - 4 1.6 1 0.4 0 5.9 1 4.7 9 4.5 10 4.9 7 5.3 3 4.0 12 - 14 3.9 13 5.6 2 5.2 4 4.4 11 5.0 5 4.9 6 - 14 - 14 4.8 8 3.9 0 - 0 4.4 2 5.2 1 4.8 0 (0.4) 2 0.2 1 (0.1) 0 0.4 3 (0.1) 7 2.1 1 - 5 1.8 2 - 5 0.2 4 0.6 0

YTD

% Rank 4.7 1 4.2 3 4.7 2 4.5 0 5.6 2 8.2 1 6.9 0 3.6 4 0.9 6 5.3 1 4.9 2 3.5 5 4.6 3 3.8 0 5.7 5 5.8 4 4.8 11 5.5 6 5.4 7 7.4 2 4.4 15 4.5 14 5.3 10 6.0 3 3.9 16 5.4 8 4.8 12 9.4 1 4.6 13 5.4 8 5.5 0 - 0 5.5 2 5.5 1 5.5 0 3.1 2 3.9 1 3.5 0 3.4 6 4.0 5 10.8 1 2.2 7 6.7 3 6.6 4 6.7 2 5.8 0

180D

k % Ra

4.8

4.0 3 4.7 2 4.5 0

10.2 2 13.8

12.0 0

7.6 4 1.9 6 13.0

11.3 2 7.5 5 7.7 3 8.2 0

5.1 7 5.4 4 4.9 9 4.4 1 4.9 8 6.0 2 4.7 1 4.3 1 4.5 1 5.5 3 4.1 1 5.3 5 N/A N/ 7.0

4.6 1 5.1 6 5.0 0 - 0 5.9 2 6.2

6.0 0

8.4 2 10.9

9.7 0

6.9 6 11.0 4 12.9 3 4.5 7 14.5 2 9.9 5 16.9

10.9 0

Pag

365D

ank % R

1 4.8

3 4.1

2 4.5

0 4.5

2 10.8

1 13.6

0 12.2

4 11.5

6 4.0

1 18.2

2 16.6

5 10.9

3 9.0

0 11.7

7 5.7

4 4.7

9 5.0

13 4.8

8 5.0

2 6.0

10 4.1

14 4.8

12 5.6

3 5.5

15 N/A

5 5.4

N/A N/A

1 6.0

11 4.7

6 5.9

0 5.2

0 -

2 7.4

1 6.8

0 7.1

2 7.2

1 17.0

0 12.1

6 11.0

4 8.6

3 7.9

7 N/A

2 19.7

5 16.0

1 20.2

0 13.9

ge | 20

Rank 1 3 2 0 2 1 0 3 6 1 2 4 5 0 4 12 8 10 9 1 14 11 5 6

N/A 7

N/A 2 13 3 0 0 1 2 0 2 1 0 4 5 6

N/A 2 3 1 0


Fund

Shariah Comp

ABL Islamic Fin

ABL Islamic Fin

ABL Islamic Fin

ABL Islamic Fin

ABL Islamic Fin

Al Ameen Islam

Al Ameen Islam

Al Ameen Islam

Al Ameen Islam

Al Ameen Islam

Alfalah GHP Isl

Alfalah GHP Isl

Meezan Financ

Meezan Financ

Meezan Financ

Meezan Financ

Meezan Financ

Meezan Financ

Meezan Financ

NAFA Islamic A

NAFA Islamic A

NAFA Islamic A

Average Retur

Shariah Comp

KSE Meezan In

Average Retur

Shariah Comp

ABL Islamic Sto

Al Ameen Islam

Al Ameen Shar

Al Meezan Mut

Alfalah GHP Isl

Atlas Islamic St

HBL Islamic Sto

JS Islamic Fund

MCB Pakistan

Meezan Islamic

NAFA Islamic A

NAFA Islamic E

NAFA Islamic S

NIT Islamic Equ

PICIC Islamic S

PIML Islamic E

Average Retur

Total - Assets


pliant Fund of Fund

nancial Planning Fun





mic Active Allocation





lamic Prosperity Pla

lamic Prosperity Pla








Active Allocation Pla



rns

pliant Index Tracker

ndex Fund

rns

pliant Equity Funds

ock Fund

mic Dedicated Equity

riah Stock Fund

tual Fund

lamic Stock Fund

tock Fund

ock Fund

d

Islamic Stock Fund

c Fund

Active Allocation Equ

Energy Fund

Stock Fund

uity Fund

Stock Fund

quity Fund

rns

Under Managemen


ds

nd (Active)

nd (Aggressive)

nd (Conservative)

nd (II)

nd

Plan I

Plan II

Plan III

Plan IV

Plan V

anning Fund (Active)

anning Fund (Balanc

of Funds (Aggressive

of Funds (Conservati

of Funds (MAAP I)

of Funds (MAAP II)

of Funds (MAAP III)

of Funds (MAAP IV)

of Funds (Moderate)

an I

an II

an III

r Funds

s

y Fund

uity Fund

nt

ber 2016

Ra

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

e) N/A

e) N/A

ve) N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

4Sta

N/A

3Sta

2Sta

3Sta

3Sta

1Sta

5Sta

N/A

2Sta

N/A

N/A

N/A

N/A

3Sta

N/A

ating AUM (PK

A 1.0

A 0.2

A 0.4

A 1.2

A 1.1

A 2.6

A 2.7

A 1.6

A -

A 2.1

A 1.6

A 1.9

A 0.5

A 0.4

A 1.3

A 1.0

A 3.0

A 0.9

A 0.4

A 0.9

A 0.7

A 1.5

A 0.9

ar 2.9

A 7.5

ar 4.8

ar 6.0

ar 4.4

ar 1.6

ar 0.8

ar 0.7

A 1.4

ar 35.2

A 2.4

A 1.6

A 3.2

A 4.7

ar 0.5

A 0.2

513.6

KRbn) NAV

109.7

113.0

105.9

100.4

105.9

114.7

116.1

112.9

111.3

100.6

100.7

101.4

77.2

62.4

57.3

57.7

57.2

50.5

68.1

120.4

116.2

105.3

81.9

14.8

116.8

136.2

19.1

65.7

516.3

137.0

124.0

11.5

70.8

12.6

11.8

12.8

11.1

113.9

123.5

MTD

% Ran 1.8 5 1.9 4 0.9 7 N/A N/A 1.4 6 0.6 10 0.6 9 0.7 8 0.3 12 0.4 11 - 15 0.3 13 - 15 - 15 - 15 0.2 14 - 15 - 15 - 15 3.0 1 2.9 2 2.5 3 0.8 0 (0.8) 1 (0.8) 0 2.6 4 0.7 8 0.7 7 0.4 11 (0.1) 16 1.3 6 - 12 - 12 0.6 10 - 12 3.5 2 2.6 3 4.0 1 1.5 5 - 12 0.7 9 1.2 0

YTD

nk % Ra

6.0

6.9

2.9 1A 0.4 2

4.3 1 6.0

6.0

6.0

1.6 1 0.6 2 1.6 1 1.3 2 5.3 1 2.7 1 6.0

5.5 1 5.9

4.3 1 4.2 1 8.7

8.4

5.3 1 4.5

3.8

3.8

9.2

7.2

5.9 1 6.2 1 2.9 1 9.3

7.0

20.3

8.0

7.0 1 10.6

11.9

12.2

6.1 1 7.0 1 5.7 1 8.5

180D

ank %

6 8.3

3 12.0

16 5.0

22 N/A

13 5.9

5 13.4

8 13.1

4 13.3

18 12.5

21 N/A

19 N/A

20 N/A

12 13.8

17 6.4

6 15.2

10 14.4

9 13.7

14 N/A

15 10.2

1 15.6

2 15.1

11 N/A

0 11.7

1 16.4

0 16.4

6 16.9

8 16.4

14 16.7

12 17.5

16 11.3

5 18.6

9 13.8

1 26.5

7 18.9

11 18.8

4 22.3

3 N/A

2 21.8

13 13.7

10 12.3

15 10.1

0 17.0

Pag

365

Rank %

13 N/A

11 N/A

16 N/A

N/A N/A

15 N/A

7 21.4

9 18.2

8 N/A

10 N/A

N/A N/A

N/A N/A

N/A N/A

5 21.5

14 10.6

2 21.7

4 N/A

6 N/A

N/A N/A

12 16.2

1 N/A

3 N/A

N/A N/A

0 18.3

1 22.8

0 22.8

8 17.7

10 N/A

9 23.8

7 26.2

14 23.6

6 22.9

11 14.8

1 35.9

4 22.5

5 28.6

2 N/A

N/A N/A

3 28.8

12 16.2

13 12.4

15 16.1

0 22.3

ge | 21

5D

Rank

N/A N/A N/A N/A N/A

3 4

N/A N/A N/A N/A N/A

2 6 1

N/A N/A N/A

5 N/A N/A N/A

0 1 0 9

N/A 5 4 6 7

12 1 8 3

N/A N/A

2 10 13 11 0


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