Pakistan: NAFA Islamic Energy Fund - February 2017

Transcription

1. Capital MarketsEnergy ReviewFund (NIEF) NAFA Islamic February 2017 Unit Price (28/02/2017): Rs.14.3404 %* Performance Period Feb 2017 FYTD 2017 Rolling 6 Months Sep 16 - Feb 17 Since Launch April 21, 2016 NAFA Islamic Energy Fund 1.2% 35.9% 24.7% 48.8% (0.3%) 26.3% 20.4% 41.7% The performance reported is net of management fee & all other expenses and based on dividend reinvestment gross of with-holding tax where applicable. * Cumulative Return Launch Date: Fund Size: Type: Dealing Days: Dealing Time: Settlement: Pricing Mechanism Load:** Management Fee: Total Expense Ratio (%) Risk Profile Listing: Custodian & Trustee: Auditors: Benchmark: Fund Manager: Minimum Subscription: Asset Manager Rating: April 21, 2016 Rs. 2,925 million Open Ended Shariah Compliant Equity Scheme Daily – Monday to Friday (Mon - Thr) 9:00 A.M to 5:00 P.M (Friday) 9:00 A.M to 5:30 P.M 2-3 business days Forward Pricing Front End Load (Individual): 3% (Nil on investment above Rs. 101 million) Front End Load (Other): 3% (Nil on investment above Rs. 50 million) Back End Load: NIL 2% p.a 4.22% p.a (including 1.75% government levies) High Pakistan Stock Exchange Central Depository Company (CDC) A. F. Ferguson & Co. Chartered Accountants KMI-30 Index Taha Khan Javed, CFA Growth Unit: Rs. 10,000/Income Unit: Rs. 100,000/AM2++ by PACRA ( High Investment Management Standards) **effective from January 02, 2017 Asset Allocation (% of Total Assets) 28-Feb-17 Equities / Stocks Cash Equivalents Others including receivables Total Leverage NIEF KMI-30 PER 8.8 12.2 ‘ NAFA launched its third open-end Islamic Equity Fund namely NAFA Islamic Energy Fund (NIEF) in April, 2016. The aim of the Fund is to provide growth to the investment of Unit holders over the long-term in approved Shariah compliant energy stocks. NIEF started off the month with an allocation of around 85% in equities, which was maintained during the month. NIEF outperformed the Benchmark in February as the Fund was overweight in select Energy sectors stocks which outperformed the market. During the month, the allocation was increased in Power Generation & Distribution Companies and Oil & Gas Marketing Companies sectors, whereas it was reduced in Oil & Gas Exploration Companies and Refinery sectors. Top Ten Holdings (as on 28 Feb, 2017) % of Total Assets % of Total Assets Mari Petroleum Co Ltd Equity 9.7% Pakistan Oilfields Ltd Equity 7.1% 31-Jan-17 Shell Pakistan Ltd Equity 8.9% Oil & Gas Dev Co Ltd Equity 6.2% 84.6% 14.8% 0.6% 100.0% Nil Pak Petroleum Ltd Equity 8.2% Hub Power Co Ltd Equity 5.9% Pakistan State Oil Co. Ltd Equity 8.1% K-Electric Ltd Equity 4.8% Sui Northern Gas Ltd Equity 7.2% Attock Refinery Ltd Equity 4.5% 85.2% 12.1% 2.7% 100.0% Nil PBV 4.4 2.8 The objective of NAFA Islamic Energy Fund is to provide investors with long term capital growth from an actively managed portfolio of Shari’ah Compliant listed equities belonging to the Energy Sector. DY 3.8% 3.9% Sectors (% of Total Assets) (as on 28 Feb, 2017) Oil & Gas Marketing Companies Oil & Gas Exploration Companies Power Generation & Distribution Refinery 32.3% 31.2% 14.7% 7.0% 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 Taha Khan Javed, CFA Hassan Raza, CFA Sindh Workers' Welfare Fund (SWWF) The scheme has maintained provisions against Sindh Workers’ Welfare Fund’s liability to the tune of Rs 18,548,249/-,If the same were not made the NAV per unit/ last one year return of scheme would be higher by Rs 0.0909/0.94%. 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 risks involved.