NIT Islamic Money Market Fund Report - July 2022

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1. FUND MANAGER REPORT - JULY 2022 Performance % Performance Period FY22* NIT-IMMF 10.23% Benchmark 3.78% FY21 FY20 FY19 FY18 *Launched on 23rd September, 2021 NIT IMMF Year to Date Return v/s Benchmark NIT IMMF Return Benchmark Return 16.00% 14.00% 12.00% 10.00% 8.00% 6.00% 4.00% 2.00% 0.00% Fund's Basic Information Objective of the fund Fund Type Open-End Launch Date 23rd September 2021 Stability Rating AAA (f) (VIS) 26-May-22 Management Fee* Upto 2% of gross earnings (minimum 0.05% and maximum 0.75% of net assets) would to provide generate competitivereturn returns minimum risk for its unitholders by investing in low NIT Money Islamic Market Money Fund Market Fundfocus would competitive by with primarily investing in low risk and highly liquid Shariah risk, liquid, Money short tenor fixed income securities/money market instruments. Compliant Market & Debt Instruments. Fund Performance Review Front End Load Upto 1.0% of NAV** Back End Load Nil Cutt-off timing Monday-Friday (3:30 p.m) Par Value PKR 100.00 Min Subscription Growth Unit PKR 1,000 Income Unit PKR 100,000 Trustee Central Depositary Co. (CDC) Auditors EY Ford Rhodes Registrar National Investment Trust Ltd. Pricing Mechanism Backward Day Pricing The Fund posted an annualized return of 14.13% p.a for the month of July against its benchmark return of 15.40% p.a. Consumer Price Index (CPI) for the month of July increased to 24.90% versus 21.32% over the previous month. Average CPI for 1MFY22 stood at 24.90% compared to 8.40% during the previous fiscal year. As at July 31, 2022, the Fund had exposure of about 16% in Short Term Sukuk and the remaining 84% in cash at bank and other assets. The weighted average time to maturity of the portfolio stood at 20 days. Asset Quality as of 31 July 2022 (% of TA) Other Assets, 1.72% Asset Allocation (% of TA) Jun-22 Jul-22 ICP 0.00% 0.00% TDR 0.00% 0.00% Valuation Days Daily (Monday to Friday) except public holiday STS 11.17% 16.29% Redemption Days Daily (Monday to Friday) public holiday COI/LOP 0.00% 0.00% Subscription Days Each valuation day Cash 87.45% 81.99% Others 1.39% 1.72% AMC Rating AA+, 5.83% AA, 10.46% except AM1 (PACRA Rating) 24-May-22 AAA, 81.99% AM1 (VIS Rating) 30-Dec-21 Fund Manager Khurram Aftab Total Expense Ratio (Annualized) 0.45% (This includes 0.07% representing Govt. Levy & SECP Fee.) Fund's Return v/s Benchmark Total Expense Ratio (Absolute) NIT-IMMF Benchmark July-22 14.13% 5.22% Year to Date 14.13% 5.22% - - - - 0.04% (This includes 0.01% 12 M Trailing representing Govt. Levy & SECP Fee.) 3 Years ** Category of CIS/Plans Risk Profile Risk of Principal Erosion 5 Years ** Money Market Since Inception *** Low Principal at low risk **Front End Load is waived. - - 10.72% 3.93% *** Simple annualized return. (Returns are calculated inclusive of dividends) Benchmark Technical Information Net Assets PKR 2.78 Bln 3-Mth Average Deposit rate of three AA rated Islamic Banks or NAV per Unit (August 01, 2022) Islamic windows of Conventional Banks as selected by MUFAP Weighted Avg. Maturity (Days) Actual Management Fees charged for the month is 0.30% (annualized) based on average net assets. 101.4833 20 Nil Leveraging 0.018 Standard Deviation of Return Members of the Investment Committee Adnan Afridi, Managing Director Shoaib. A. Khan, Head of Fixed Income Faisal Aslam, Head of Compliance MUFAP's Recommended Format. Manzoor Ahmed, Chief Operating Officer Ali Kamal, Head of Research Attique-ur-Rehman Shaikh,Manager Risk Mgt. 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 etc. 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/. Aamir Amin, Head of Finance Khurram Aftab,Fund Manager National Investment Trust Ltd, National Bank Building, (6th Floor), I.I. Chundrigar Road, P.O Box # 5671. Karachi - 74000, Pakistan Tel: 111-648-648