Alfalah GHP Islamic Dedicated Equity Fund Report - July 2019

Transcription

1. Alfalah GHP Investment Management Limited Fund Managers ' Report July 2019 17 Alfalah GHP Islamic Dedicated Equity Fund AMC Rating: "AM2+" by PACRA 8-Feb-19 Investment Objective Alfalah GHP Islamic Dedicated Equity Fund (AGIDEF) is an Open-end Shariah Compliant Islamic Equity Fund. The objective of AGIDEF is to provide other ‘Fund of Funds’ Schemes an avenue for investing in Shariah Compliant Equities. July 34.3 55.2 June - - Others Spread Trans. - - MTS - - CPs - - T-Bills PIBs - - - - TFCs/Sukuks - - Govt. Backed/ Gov. Guar. Rev. Repo ag. other Secs. - Rev. Repo ag. GS Stocks/ Equities T-Bills - 8.6 14.1 - 10.5 Cash 100 90 80 70 60 50 40 30 20 10 0 Investment Committee Maheen Rahman Noman Soomro Nabeel Malik Muddasir Ahmed Shaikh Shariq Mukhtar Hashmi Sana Abdullah, CFA Wahaj Ahmed Management Fee: 1.25% Min. Initial Investment: PKR 10,000/Min. Subseq. Investment: PKR 1,000/Trustee: CDC Pakistan Limited Auditor: EY Ford Rhodes, Chartered Accountants Listing: Pakistan Stock Exchange Dealing Days: Monday - Friday Cut-off Time: 9:00 am - 4:00 pm 77.3 Basic Information Category: Islamic Equity Scheme Fund Type: Open Ended Benchmark: KMI 30 Index Launch Date: May 23, 2017 Par Value: PKR 100/Pricing: Forward Day Sales Load*: 1.50% Risk profile: Moderate to High Leverage: Nil Asset Allocation (as % of Total Assets) + Amount invested by fund of funds is Rs. 42 million subtracted from total Historical Performance (%) 0 FY19 -9.6 -30 AGIDEF -24.0 -25 BM -23.8 -20 -12.5 -15 -11.8 -10 FY18 -3.1 -5 FY17 Chief Executive Officer Chief Operating Officer Chief Investment Officer Head of Equities Head of Compliance Fund Manager Fund Manager Fund Statistics +Fund Size (PkR mn; as on 31 July, 2019): Fund Size including fund of funds (Pkr mn)*** NAV (PkR): Sharpe Ratio Information Ratio Standard Deviation Total Expense Ratio** Fund Performance Since Inception YTD Month (July '19): 0.0 41.70 60.99 -1.49 0.48 23.55% 0.71% BM -22.80% -6.56% -6.56% AGIDEF -20.22% -5.41% -5.41% Asset Allocation (Sector Wise as a % of Total Assets) Oil & Gas Exploration Companies Fertilizer Power Generation & Distribution Oil & Gas Marketing Companies Technology & Communication Others Total 30.79% 17.90% 5.75% 5.69% 3.81% 13.33% 77.26% Top 10 Holdings (% of Total Assets) Oil & Gas Dev.Co Pak Petroleum Ltd. Engro Corporation Limited Engro Fertilizer Limited Pakistan Oilfields Ltd. Mari Petroleum Company Limited Hub Power Company Limited Systems Limited Engro Polymer Fauji Fertilizer Co. Ltd. 10.52% 9.58% 8.02% 6.15% 5.42% 5.26% 5.14% 3.81% 3.69% 3.60% Details of Non-Compliant Investments Name Value before Provisioning Type 1 year - Rolling Returns Jul-18 AGIDEF 1.90% BM 1.80% Aug-18 -1.30% -2.11% Sep-18 -1.33% -2.24% Oct-18 3.59% 3.62% Nov-18 -3.76% -4.67% Provisioning Held, if any Dec-18 -9.17% -10.55% Jan-19 9.65% 11.60% Value after Provisioning Feb-19 -2.74% -4.04% Mar-19 -2.77% -3.35% % Gross Assets Apr-19 -5.74% -6.48% May-19 -2.07% -1.65% % Net Assets Jun-19 -11.62% -7.07% Jul-19 -5.41% -6.56% Sindh Workers' Welfare Fund (SWWF) The scheme has maintained provisions against Sindh Workers' Welfare Fund's liability to the tune of Rs.0.000 mn. If the same were not made the NAV per unit/last one year return of scheme would be higher by Rs.0.0000/0.00% Disclaimer This publication is for informational purposes only and nothing herein should be construed as a solicitation, recommendation or an offer to buy or sell any fund. All investments in mutual funds are subject to market risks. Past performance is not necessarily indicative of future results. Please read the Offering Document to understand the investment policies and risks involved. All returns are calculated assuming reinvested dividends. Performance data does not include the cost incurred directly by an investor in the form of sales load etc. * Management Company may waive the Front-end Load fully or partially at its own discretion to any investor ** This include 0.0538% representing government levy, Worker’s Welfare Fund and SECP Fee. *** Fund Size < PKR 100 mn Selling & Marketing Expenses - for the period ended July,2019 PKR Mn 0.012 MUFAP's Recommended Format