SAVE, INVEST & ENJOY - AWT Investments · Asset Allocation as of May 2016 PIML-IF Vs Peer Group...

SAVE, INVEST & ENJOY

A wholly owned subsidiary of

1

www.primusinvestments.comwww.primusinvestments.com

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

2


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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www.primusinvestments.com

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

6


Money Market / Income Category

7


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

8

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


Money Market Fund’s Performance with its PEER Group Monthly Annualized.

9

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


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


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


Benchmark 5.68%



Sharpe Ratio 3.71

10

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


Income Fund’s Performance with its PEER Group Monthly Annualized.

11

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


Shariah Compliant Income Fund Category

12


PIML-Islamic Income Fund

Asset Allocation as of May 2016

Benchmark:6 months deposit rate of three AA and above rated Islamic Banks


5.61%

5.92%


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


Benchmark 4.43%



Sharpe Ratio 0.91

13

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%


PIML IIF Industry


Islamic Income Fund’s Performance with its PEER Group Monthly Annualized.

14

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


Balanced / Equity & Asset Allocation Category

15


PIML-Strategic Multi Asset Fund



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%


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%



Sharpe Ratio 0.02

16

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%


PIML SMAF Industry


Balanced Fund’s Performance with its PEER Group Monthly Absolutely.

17

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


PIML-Value Equity Fund

Asset Allocation as of May 2016PIML-VEF vs Peer Group (AR) May 2016


Benchmark:KSE 100 Index

12.15%

10.68%


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%



Sharpe Ratio (0.09)

18

Cash7.58%

Stocks / Equities85.12%


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%


PIML VEF Industry


Equity Fund’s Performance with its PEER Group Monthly Absolutely.

19

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


Asset Allocation Fund

20


PIML-Asset Allocation Fund


PIML-VEF vs Peer Group (AR) May 2016


As of May 2016 Not Applicable Over 2,059 millions

Re

turn

s

As of May 2016


Benchmark 0.49%



Sharpe Ratio 0.33

21

Cash10.25%

PIBs67.92%

Placement with Banks

19.31%


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


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 - - - -


Shariah Compliant Equity Category

23


PIML-Islamic Equity Fund



Benchmark:KMI-30 Index

36.34%

46.80%


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


Benchmark 4.51%



Sharpe Ratio 0.02

24

Cash8.27%

Stocks / Equities86.17%


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%


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


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


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


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


OUR ENTERTAINED CLIENTS


www.primusinvestments.com29

HEAD OFFICE

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1st Floor l Commercial Plaza 852- D l Faisal Town l Akbar Chowk l Lahore l Pakistan

Phone: (+92-42) 35221632-4 l Fax: (+92-42) 35221635

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Office No. 1l Executive Business Centre (Ground Floor) l Saudi Pak Tower l Jinnah Avenue l Islamabad l Pakistan

Phone: (+92-51) 2800397-8 l Ext: 3107

YOU CAN CONTACT US

Ahmed Ateeq

Chief Executive Officer

Cell No. 0321-2010331 Direct. (+921)-35290005 Board 37130165 Ext 201

[email protected]

Rida Jiwani

Chief Strategy Officer

Direct. (+921)-35877091 Board 37130165 Ext 223

[email protected]

Shafiq Ur Rehman Bhatti

Head of Sales and Distribution – South

Cell No. 0321-8968076 Board. 37130165 Ext. 226

[email protected]

Armaghan Qureshi

Regional Manager - North

Cell No. 0331-5264516 Phone # (+92-51) 32800397-8

[email protected]

Reema Shakeel

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Phone # (+92-42) 35221632

[email protected]

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