Pakistan: NAFA Islamic Principal Preservation Fund Report - September 2017

Transcription

1. Capital MarketsPrincipal Review Preservation Fund (NIPPF) NAFA Islamic September 2017 Unit Price (29/09/2017): Rs. 102.1025 % Sep FYTD Rolling 12 Months 2017 2018 Oct 16 - Sep 17 Performance Period FY 2017 FY 2016 Since Launch January 09, 2015* NAFA Islamic Principal Preservation Fund (NIPPF) 0.4% (0.1%) 9.9% 15.1% 4.0% 8.7% 0.4% (0.2%) 10.0% 12.1% 3.6% 7.3% The performance reported is net of management fee & all other expenses and based on dividend reinvestment gross of with-holding tax where applicable. NIAAF NISF KMI-30 PER 9.7 9.5 10.5 PBV 1.5 1.4 1.6 DY 4.4% 4.1% 4.3% Top Holdings (%age of total assets) (as on 29 September, 2017) NAFA Islamic Asset Allocation Fund NAFA Islamic Stock Fund Total 60.0% 40.0% KMI-30, 36.2% NIPPF, 25.5% 20.0% 0.0% -20.0% 7-Sep-17 29-Sep-17 Islamic Bank Deposit 8.0% 18-Jun-17 9.8% 2.4% 86.5% 1.3% 100.0% Nil 2.9% 0.03% 29-Mar-17 11.5% 2.8% 83.7% 2.0% 100.0% Nil Islamic Asset Allocation Fund Islamic Stock Fund Cash Others including receivables Total Leverage Return Islamic Bank Deposit 12.0% 17.2% 7-Jan-17 31-Aug17 KMI-30 8.7% 4.6% 18-Oct-16 29-Sep17 NIPPF 29-Jul-16 Asset Allocation (% of Total Assets) Annualized Return Annualized STDEV (Risk) 9-May-16 ** effective from September 01, 2016; Previously daily weighted return of KMI-30 index & Islamic Bank Deposits based on Fund's actual allocation. 80.0% Relative Performance of NAFA Islamic Principal Preservation Fund (NIPPF) Since Inception on January 9, 2015 Cumulative 18-Feb-16 Fund Manager: Asset Manager Rating: Since inception, NIPPF has generated a return of 8.7% p.a versus Benchmark return of 7.3% p.a. The current exposure in equity/asset allocation funds stands at 14.3%. During the month, maximum multiplier stood a 0.5 whereas minimum multiplier was 0.4. In line with directive no 18 of 2016, effective from 1st January 2017, the equity exposure of the Fund is capped at 10%. Consequently, going forward, your Fund may not be able to offer attractive returns due to very low exposure in the stock market. 29-Nov-15 Total Expense Ratio (%) Listing: Risk Profile: Custodian & Trustee: Auditors: Benchmark:** ‘ 9-Sep-15 Management Fee: The objective of NAFA Islamic Principal Preservation Fund is to earn a potentially high return through dynamic asset allocation between Shariah compliant equity related, and Shariah compliant income / money market Collective Investment Schemes, while providing principal preservation. 20-Jun-15 Settlement: Pricing Mechanism: Back end Load: January 9, 2015 Rs. 304 million Open End Shariah Compliant Fund of Funds 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 1% in year 1, 0.5% in year 2 and no load beyond 2 years 1) On invested amount in NAFA fund, no additional fee. 2) Cash in Bank account: 12% of Net Income (Min 0.5% p.a., Max 1.0% p.a.) 1.56% p.a (including 0.22% government levies) Pakistan Stock Exchange Low Central Depository Company (CDC) A. F. Ferguson & Co. Chartered Accountants Combination of benchmarks of underlying schemes on the basis of actual investment i.e.NISF: KMI-30 Index NIAAF: Daily weighted return of KMI-30 Index & 6-month average deposit rates of three A rated Islamic Banks/Islamic windows of conventional banks as selected by MUFAP Cash: 6-month average deposit rates of three A rated Islamic Banks/Islamic windows of conventional banks as selected by MUFAP Sajjad Anwar, CFA AM1 by PACRA (Very High Quality) 31-Mar-15 Launch Date: Fund Size: Type: Dealing Days: Dealing Time: 9-Jan-15 * Annualized Return All Other returns are Cumulative Dr. Amjad Waheed, CFA Sajjad Anwar, CFA Taha Khan Javed, CFA Hassan Raza, CFA Muhammad Ali Bhabha, CFA, FRM 11.5% 2.8% 14.3% Sindh Workers' Welfare Fund (SWWF) The scheme has maintained provision against Sindh Workers’ Welfare Fund’s liability to the tune of Rs3,954,027/-If the same were not made the NAV per unit/ last one year return of scheme would be higher by Rs 1.3282/1.43%. For details investors are advised to read the Note 11.1 of the Financial Statements of the Scheme for the year ended June 30, 2017. 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. 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. Principal Preservation only applies to unit holders who hold their investments until initial maturity of two years.