Atlas Islamic Stock Fund Report - August 2019

Transcription

1. Atlas Islamic Stock Fund (AISF) August 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 Aug-19 96.1% Jul-19 95.4% Cash 3.3% 4.0% Others incl. receivables 0.6% 0.6% Leverage Profile Leverage: AISF Nil * % of Gross Asset Payout History Yearly Performance 40% 21.37% 20.1% 33.82% 35% 29.25% 30% 20% (% on Opening NAV) 40% 15.53% 25% 10% 20% 0% 15% -7.88%-9.59% -30% -18.95% 2016 2017 RETURN 2018 2019 7.41% YTD 2013 2014 2015 2017 *Funds returns computed on NAV to NAV with the dividend reinvestment,if any. Sector Allocation % of Total Assets Top 10 Holdings % of Total Assets Aug-19 Oil & Gas Exploration 31.0 Fertilizer 17.0 Commercial Banks 13.1 Cement 9.6 Power Generation & Distribution 8.7 Oil & Gas Marketing 6.8 Textile Composite 2.7 Engineering 2.6 Inv. Bank/Inv. Companies/Securities Co. 2.2 Pharmaceuticals 2.1 Chemicals 0.5 Foods & Personal Care 0.0 Trailing Performance 30 Days (1 Month) Jul-19 32.2 16.4 13.0 8.8 8.6 7.5 2.6 1.7 2.0 2.1 0.5 0.0 90 Days 180 Days Scrip 365 Days (1 Year) Year 2019-20 2018-19 Jul Aug -5.86% 1.70% -8.37% -0.58% Sep -1.03% Sectors % Oil & Gas Development Co. Ltd 11.0 Oil & Gas Exploration Meezan Bank Limited 10.7 Commercial Banks Engro Corporation Limited 9.8 Fertilizer Hub Power Company Limited 7.8 Power Gen & Dist Engro Fertilizers Limited 7.2 Fertilizer Mari Petroleum Co. Ltd 6.9 Oil & Gas Exploration Pakistan Petroleum Limited 6.8 Oil & Gas Exploration Pakistan Oilfields Limited 6.3 Oil & Gas Exploration Lucky Cement Limited 6.0 Cement Pakistan State Oil Co. Ltd 4.2 Oil & Gas Marketing YTD Returns* -8.37% -19.63% -28.86% -30.86% -13.74% Benchmark -8.59% -20.62% -30.41% -34.72% -14.58% *Actual Returns - Not Annualized ** CAGR Since Inception *** 3Y and 5Y returns are till FY19 Monthly Performance History Front End Load Trustee Registrar Auditor Asset Manager Rating Shariah Advisor Risk Profile of the Fund: Upto 2% * Central Depository Company Ltd. ITMinds Limited EY Ford Rhodes AM2+(PACRA) (As on 28-Jun-2019) Dr. Mufti Muhammad Wasie Fasih Butt High (As The management company, as a matter of prudence and as recommended by MUFAP, made prov ision in respect of SWWF with effect from the date of enactment of the SWWF Act, 2014 (i.e. starting from 21 May 2015) on 12 January 2017. Accordingly, the prov ision for SWWF is being made on a daily basis going forward. Up till August 31, 2019, a sum of Rs. 15,491,187 (Rs. 5.52 per unit) has been prov ided for SWWF. Federal Excise Duty (FED) 0% BENCHMARK Sector Current lev el of Management Fee is 2% of Av erage Annual Net Assets 5% -23.8% 2015 12.23% 12.05% 10% -13.74%-14.58% -20% Management Fee Sindh Workers' Welfare Fund (SWWF) AM2+(PA 5.73% -10% Open-ended Islamic Equity Scheme Jan-2007 PKR 1,040 (at month end) PKR 370.80 (at month end) 2.84% - annualized (Incl Govt Levy) 0.33% rep Gov levy, WWF & SECP Fee KMI - 30 Index Monday to Friday 9:00 am to 4:00 pm Forward Pricing * On amount less than or equal to Rs.25 Mn. However, in case where transactions are done online or through the website, the maximum frontend load will be up to 1.5%. 30% 18.8% Fund Type Category Launch Date Net Assets (mn) NAV Total Expense Ratio Govt Levy Benchmark Dealing Days Cut Off timings Pricing mechanism Oct 4.69% 3 Years *** 5 Years *** Since Inception CAGR ** The Finance Act, 2013 imposed Federal Excise Duty (FED) on financial serv ices to include Asset Management Companies (AMC’s) with effect from 13th June, 2013. On September 04, 2013 a constitutional petition has been filed in Sindh High Court (SHC) jointly by v arious AMC`s, challenging the lev y of FED. In a separate petition the Honorable Sindh High Court declared that the FED was unconstitutional and cannot be charged where prov inces are collecting sales tax. The Federation has filed an appeal in the Honorable Supreme Court of Pakistan Further, v ia Finance Act 2016, the FED has been withdrawn from July 1, 2016. In the meantime, as a matter of abundant caution, the Scheme has held prov ision for FED liability which amounted to Rs.10,453,385 up till June 30, 2016. (Rs.3.73 per unit as on August 31, 2019) For Shariah Compliant Inv estment Plans please refer to AIIF on prepage. -3.50% -18.20% 23.84% 13.49% 260.04% N/A 10.67% N/A Nov Dec Jan Feb Mar Apr May Jun YTD -9.72% 8.90% -2.03% -2.27% -6.21% -2.12% -6.83% -13.74% -18.95% -3.91% Note: Performance data does not include the cost incurred directly by an inv estor in the form of sales load etc. 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: 7 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.