NAFA Islamic Principal Protected Fund II Report - April 2019
NAFA Islamic Principal Protected Fund II Report - April 2019
Shariah, Shariah compliant
Shariah, Shariah compliant
Transcription
- NBP FUNDS NAFA Islamic Principal Protected Fund-II (NIPPF-II) Managing Your Savings April 2019 Unit Price (30/04/2019): Rs. 100.8284 % Performance Period Apr 2019 FYTD 2019 Rolling 12 Months NAFA Islamic Principal Protected Fund-II (1.1%) (0.7%) (2.6%) 0.8% 25.8% 3.3% 21.0% 9.1% 9.9% (1.6%) (2.6%) (4.8%) 1.6% 16.1% 8.9% 12.2% 6.8% 7.3% Asset Allocation (% of Total Assets) 30-Apr-19 29-Mar-19 20.0% 76.2% 3.8% 100.0% Nil 28.0% 67.0% 5.0% 100.0% Nil Equities / Stocks Cash Equivalents Others including receivables Total Leverage NIPPF-II KMI-30 PER 7.0 7.5 PBV 1.5 1.1 DY 6.4% 7.0% Annualized Return Annualized STDEV (Risk) 80.0% NIPPF-II KMI-30 9.9% 7.3% Islamic Bank Deposit 4.9% 17.8% Cumulative Return 3.1% 0.05% 60.0% NIPPF-II, 57.7% 40.0% KMI-30, 26.3% Islamic Bank Deposit 16.1% 20.0% 15-Feb-19 30-Apr-19 30-Nov-18 29-Jun-18 14-Sep-18 26-Jan-18 13-Apr-18 10-Nov-17 9-Jun-17 25-Aug-17 6-Jan-17 24-Mar-17 5-Aug-16 21-Oct-16 4-Mar-16 20-May-16 0.0% -20.0% 2-Oct-15 Fund Manager: Asset Manager Rating: 100.0% 18-Dec-15 Benchmark: Relative Performance of NAFA Islamic Principal Protected Fund-II (NIPPF-II) Since Inception on June 27, 2014 17-Jul-15 Listing: Custodian & Trustee: Auditors: Since inception, NIPPF-II has generated a return of 9.9% p.a versus Benchmark return of 7.3% p.a. The current equity exposure stands at around 20%. During the month, maximum multiplier stood at 0.7 whereas minimum multiplier was 0.5. Key holdings of the Fund belong to Oil & Gas Exploration Companies, Fertilizer, and Power Generation & Distribution sectors. 1-May-15 Risk Profile: Total Expense Ratio (%) ‘ 13-Feb-15 Settlement: Pricing Mechanism: Load: Management Fee: The objective of NAFA Islamic Principal Protected Fund-II is to earn a potentially high return through dynamic asset allocation between Shariah Compliant Equities and Money Market investment avenues, while providing principal protection. 28-Nov-14 Dealing Days: Dealing Time: June 27, 2014 Rs. 112 million Open-end Shariah Compliant -Capital Protected Fund Daily – Monday to Friday (Mon-Thr) 9:00 A.M to 4:30 P.M (Friday) 9:00 A.M to 5:00 P.M 2-3 business days Forward Pricing Back end: 0% Equity component 2% per annum Others: 12% of Net Income (Min 0.5% p.a., Max 1.0% p.a.) Low 2.62% p.a (including 0.24% government levies) Pakistan Stock Exchange Central Depository Company (CDC) KPMG Taseer Hadi & Co. Chartered Accountants Daily weighted return of KMI-30 index & Islamic Bank Deposits based on Fund’s actual allocation. Sajjad Anwar, CFA AM1 by PACRA (Very High Quality) 27-Jun-14 Launch Date: Fund Size: Type: FY FY FY Last 3 Since Launch 2017 2016 2015 Years* June 27, 2014* The performance reported is net of management fee & all other expenses and based on dividend reinvestment gross of with-holding tax where applicable. 12-Sep-14 * Annualized Return All Other returns are Cumulative FY 2018 Top Ten Holdings (as on April 30, 2019) % of Total Assets % of Total Assets Engro Corporation Ltd Equity 2.4% Mari Petroleum Company Ltd Equity 1.4% Engro Fertilizer Ltd Equity 2.4% Nishat Mills Ltd Equity 1.3% Pak Petroleum Ltd Equity 2.3% Pakistan Oilfields Ltd Equity 1.2% Hub Power Company Ltd Equity 2.2% Meezan Bank Ltd Equity 1.1% Oil & Gas Dev Co Ltd Equity 2.0% Lucky Cement Ltd Equity 0.6% ** Based on NBP Funds estimates Top Five Sectors (% of Total Assets) (as on April 30, 2019) Oil & Gas Exploration Companies Fertilizer Power Generation & Distribution Textile Composite Commercial Banks Others 6.8% 4.8% 2.3% 1.5% 1.1% 3.5% Sindh Workers' Welfare Fund (SWWF) The scheme has maintained provision against Sindh Workers’ Welfare Fund’s liability to the tune of Rs 3,612,177/-If the same were not made the NAV per unit/ last one year return of scheme would be higher by Rs 3.2612/3.15%. For details investors are advised to read the Note 6 of the latest Financial Statements of the Scheme. Notes: 1) The calculation of performance does not include cost of front end load. 2) Taxes apply. Further, tax credit also available as per section 62 of the Income Tax Ordinance, 2001. Dr. Amjad Waheed, CFA Sajjad Anwar, CFA Muhammad Ali Bhabha, CFA, FRM Taha Khan Javed, CFA Hassan Raza, CFA 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 Documents to understand the investment policies and the risk involved. Capital protection only applies to unit holders who hold their investments until initial maturity of two years. Page 27
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