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Atlas Islamic Dedicated Stock Fund Report - July 2019

IM Insights
By IM Insights
4 years ago
Atlas Islamic Dedicated Stock Fund Report - July 2019

Shariah, Net Assets


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  1. Atlas Islamic Dedicated Stock Fund (AIDSF) July 2019 Investment Objective Fund Facts To provide long term capital growth from an actively managed portfolio invested in Shariah compliant listed companies in Pakistan. Asset Mix* Equities Jul-19 95.3% Jun-19 96.0% 2.9% 1.5% Cash Others incl. receivables 1.8% 2.5% Total Including FoF 100.0% 100.0% Total Excluding FoF 0.0% 0.0% Leverage Profile Leverage: Fund Type Category Launch Date Net Assets (mn) Net Assets (Excluding Investment by fund of funds) (Rs mn) NAV Total Expense Ratio Govt Levy Benchmark Dealing Days Cut Off timings Pricing mechanism AIDSF Nil * % of Gross Asset *Funds returns computed on NAV to NAV with the dividend reinvestment,if any. Sector Allocation % of Total Assets Sector Jul-19 Top 10 Holdings % of Total Assets Jun-19 32.9 17.0 13.2 8.5 8.2 6.8 2.8 2.5 Pharmaceuticals 1.9 Engineering 1.1 Inv. Bank/Inv. Companies/Securities Co. 0.5 Chemicals Paper & Board Oil & Gas Exploration Fertilizer Commercial Banks Cement Power Generation & Distribution Oil & Gas Marketing Textile Composite Scrip 32.9 16.7 11.5 8.8 8.9 7.3 3.5 2.7 2.0 1.0 0.5 0.2 % Oil & Gas Development Co. Ltd Meezan Bank Limited Engro Corporation Limited Pakistan Petroleum Limited Hub Power Company Limited Engro Fertilizers Limited Pakistan Oilfields Limited Lucky Cement Limited Mari Petroleum Co. Ltd Pakistan State Oil Co. Ltd Sector Allocation % Textile Composite , 2.8% Engineering , 1.9% Oil & Gas Exploration Commercial Banks Fertilizer PKR 389.46 KMI - 30 Index Monday to Friday 9:00 am to 4:00 pm Forward Pricing Management Fee Current level of Management Fee is 2% of Avg. Annual Net Assets Front End Load Trustee Registrar Auditor Upto 2% * Central Depository Company Ltd. ITMinds Limited EY Ford Rhodes Asset Manager Rating AM2+(PACRA) Shariah Advisor Dr. Mufti Muhammad Wasie Fasih Butt Risk Profile of the Fund: High Fertilizer Oil & Gas Exploration Oil & Gas Exploration The Fund has provided an amount of July 31, 2019, a sum of Rs. 0 against Sindh Workers’ Welfare Fund (SWWF) Liability. Oil & Gas Marketing Top Ten Holdings % LUC… MARI, 5.2% PSO, 4.2% OGDC, 11.9% Cement , 8.5% Trailing Performance Returns* Benchmark 30 Days (1 Month) -5.84% -6.56% 90 Days 180 Days -13.70% -14.93% -23.99% -26.28% 365 Days (1 Year) N/A N/A *Actual Returns from Jan 10, 2019 - Not Annualized Monthly Performance History Year 2019-20 2018-19 MEBL, 10.9% YTD -5.84% -6.56% ENGRO, 9.8% EFERT, 7.2% Fertilizer , 17.0% 3 Years 5 Years N/A N/A N/A N/A Since Inception -22.11% -23.56% Dec Jan Jul Aug Sep Oct Nov -5.84% - - - - - - (As on 28-Jun-2019) Sindh Workers' Welfare Fund (SWWF) Cement Oil & Gas Exploration , 32.9% Commercial Banks , 13.2% (at month end) 2.99% - annualized (Incl Govt Levy) 0.34% rep Gov levy, WWF & SECP Fee * On amount less than or equal to Rs.25 Mn. However, in case where transaction are done online or through a website, the maximum front-end load will be up to 1.5%. Oil & Gas Exploration Power Gen & Dist POL, 6.9% Inv. Bank/Inv. Companies/Securities Co. , 1.1% Chemicals , 0.5% Pharmaceuticals , 2.5% Oil & Gas Marketing , 6.8% Power Generation & Distribution , 8.2% 11.9 10.9 9.8 8.9 7.4 7.2 6.9 5.7 5.2 4.2 Sectors Open-ended Islamic Equity Scheme Jan-2019 (at month end) PKR 246 (at month end) PKR 0.00 1.84% PPL, 8.9% HUBC, 7.4% CAGR N/A N/A Feb -2.20% Mar -2.54% Apr -6.47% May -1.85% Jun YTD -7.16% -5.84% -17.27% MUFAP's Recommended Format Investment Committee M. Abdul Samad Chief Executive Officer Ali H. Shirazi Director Khalid Mahmood Chief Investment Officer Muhammad Umar Khan Head of Portfolio Management Fawad Javaid Head of Fixed Income Faran Ul Haq Head of Equities 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 fund are subject to market risks. Past performance is not necessarily indicative of the future results. Please read the Offering Document to understand the investment policies and the risks involved. 8