NIT Islamic Equity Fund Report - September 2021

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1. FUND MANAGER REPORT - September 2021 NIT-IEF Objective Fund 's Information The objective of the Fund is to provide investors with long Fund Type term capital growth from an actively managed portfolio of Launch Date Shariah Compliant listed equities. Open-End Trustee Central Depository Company Auditors A.F. Ferguson & Co. Chartered Accountants Pricing Mechanism Forward Pricing Dealing Days* Daily (Monday to Friday) Valuation Days* Daily (Monday to Friday) 18th May 2015 Management Fee 2.00% Fund Commentary & Performance Review Front End Load 0%-3% The benchmark index declined by 6.86% during the month of September, 2021. Afghanistan related newsflow kept the market nervous during the month. Rising trend in commodities prices also triggered fears of adverse impact on current account balance and higher inflation going forward. SBP raised policy rate bu 25bps in its latest MPS indicating future upticks in the key interest rate. SBP also took various measures to curb rising consumer demand to ensure sustainable growth going forward. Foreign investors offloaded positions worth USD 44.94 million during the month. Average volumes during the month stood at 413 million shares, up 13.72% on a MoM basis. Back End Load 0.00% Benchmark KMI-30 Par Value PKR 10.00 Minimum Investment PKR 5,000 Selling and Marketing Expenses 0.32% per annum Category Islamic Equity Risk Profile High Fund Manager Wasim Akram Principal at High Risk Cut-off timing Monday to Friday 3:30 PM NIT IEF posted a return of 6.82% during the month of Risk of Principal September, 2021 as against a benchmark return of Erosion 6.86% showing an outperformance of 0.04%. AM1 PACRA (24-05-21) AMC Rating AM1 (VIS) (31-12-20) *except public holiday Fund Returns* NIT-IEF KMI-30 Sep-21 -6.82% -6.86% Since Inception 1.44% 33.63% YTD -7.41% -5.62% Leverage Nil * The returns are calculated inclusive of dividend. Future Outlook Fund's Asset Allocation Afghanistan related political developments coupled with future direction of crude oil and other commodities prices shall determine the future direction of the market. SEPTEMBER 2021 AUGUST 2021 Equity Investments 95.57% Equity Investments 95.37% Technical Information 30-09-2021 Sector Allocation (As % of Total Assets) Net Assets NIT-IEF (PKR Million) 3,088 Nav per Unit NIT-IEF (PKR) 8.75 Bank Balances 3.88% Total Expense Ratio (Incl. Govt Levy)^ 2.91% Bank Balances 2.95% Other Assets 0.55% Other Assets 1.69% ^This includes 0.30% representing Govt. levy, Sind Worker's Welfare Fund and SECP Fee Top Ten Holdings Sector Allocation (As % of Total Assets) (As % of Total Assets) Lucky Cement Limited. 9.93% Mari Petroleum Company Ltd. 6.92% Hub Power Company Limited. 6.57% Engro Corporation Limited. 5.41% Meezan Bank Limited. 5.36% Oil & Gas Development Company Ltd. 4.64% Pakistan Oilfields Limited. 4.17% The Searle Company Ltd. 4.05% Service Industries. 3.99% Pakistan Petroleum Limited. 3.54% Compliance with Circular # 16 of 2010 / Non-compliant Investments N/A Oil and Gas Exploration 19.28% Cements 13.47% Fertilizers 8.73% Pharmaceutical Historical Fund Perdformance 7.60% Power Generation and Distribution 6.57% Others Performance Period 39.72% FY21 FY20 FY19 FY18 FY17 NIT-IEF 33.33% 2.78% -25.43% -16.37% 18.38% Benchmark 39.32% 1.62% -23.84% -9.59% 18.80% Members of the Investment Committee Adnan Afridi - Managing Director Manzoor Ahmed - Chief Operating Officer Amir Amin - Head of Finance Wasim Akram -Fund Manager Faisal Aslam - Head of Compliance Raza Abbas Jaffery - Head of Equities and Trading Attique-ur-Rehman Shaikh - Manager Risk Ali Kamal - Head of Research MUFAP's Recommended Format. 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. Note: Performance data does not include the cost incurred directly by an investor in the form of sales load. DISPUTE RESOLUTION/ COMPLAINTS HANDLING Investors may lodge their complaints by using the link https://nit.com.pk/Investor-Complaint-Centre. In case your complaint has not been properly redressed by us, you may lodge your complaint with SECP at the link https://sdms.secp.gov.pk/.