Pakistan: NAFA Islamic Principal Protected Fund I - September 2017

Transcription

1. Capital MarketsPrincipal Review Protected Fund-I (NIPPF-I) NAFA Islamic September 2017 Unit Price (29/09/2017): Rs 104.5108 % Sep FYTD Rolling 12 Months FY 2017 2018 Oct 16 - Sep 17 2017 Performance period FY 2016 FY Since Launch 2015 March 05, 2014* NAFA Islamic Principal Protected Fund-I (NIPPF-I) 0.9% 0.7% 15.5% 21.1% 4.2% 21.3% 13.7% 0.4% (0.2%) 10.1% 12.9% 7.7% 11.0% 9.8% The performance reported is net of management fee & all other expenses and based on dividend reinvestment gross of with-holding tax where applicable. NIPPF-I KMI-30 Islamic Bank Deposit 12.5% 31-Aug-17 29-Sep-17 -20.0% 3-Apr-17 0.0% 17-Jun-17 DY 3.8% 4.3% 20.0% 4-Nov-16 PBV 1.4 1.6 40.0% 18-Jan-17 PER 5.5 10.5 KMI-30, 60.3% NIPPF-I, 58.2% 60.0% 7-Jun-16 6.5% 89.8% 3.7% 100.0% Nil Top Ten Holdings (as on 29 September, 2017) % of Total Assets Top Five Sectors (% of Total Assets) (as on 29 September, 2017) Oil & Gas Exploration Companies Cement Fertilizer Textile Composite Oil & Gas Marketing Companies Others 2.2% 0.9% 0.9% 0.8% 0.7% 1.4% Sindh Workers' Welfare Fund (SWWF) The scheme has maintained provision against Sindh Workers’ Welfare Fund’s liability to the tune of Rs 2,811,007/-If the same were not made the NAV per unit/ last one year return of scheme would be higher by Rs 3.2984/3.66%. For details investors are advised to read the Note 12.1 of the Financial Statements of the Scheme for the year ended June 30, 2017. Cumulative Return 80.0% 21-Aug-16 6.9% 88.8% 4.3% 100.0% Nil Equities / Stocks Cash Others including receivables Total Leverage 3.4% 0.05% 9-Jan-16 31-Aug-17 14.1% 16.5% 24-Mar-16 29-Sep-17 13.7% 6.3% Islamic Bank Deposit 26-Oct-15 Asset Allocation (% of Total Assets) Annualized Return Annualized STDEV (Risk) KMI-30 100.0% 12-Aug-15 Fund Manager: Asset Manager Rating: 120.0% NIPPF-I 29-May-15 Benchmark: Relative Performance of NAFA Islamic Principal Protected Fund-I (NIPPF-I) Since Inception on March 5, 2014 30-Dec-14 Risk Profile: Listing: Custodian & Trustee: Auditors: Since inception, NIPPF-I has generated a return of 13.7% p.a versus benchmark return of 9.8% p.a. The current equity exposure stands at around 7%. During the month, multiplier remained at 0.2. Key holdings of the Fund belong to Oil & Gas Exploration Companies, Cement, and Fertilizer Companies sectors. In line with directive no 18 of 2016, effective from 01st 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. 15-Mar-15 Total Expense Ratio (%) ‘ 2-Aug-14 Settlement: Pricing Mechanism: Load: Management Fee: The objective of NAFA Islamic Principal Protected Fund-I is to earn a potentially high return through dynamic asset allocation between shariah compliant Equities and Money Market investment avenues, while providing principal protection. 16-Oct-14 Dealing Days: Dealing Time: March 5, 2014 Rs. 89 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.) 2.17% p.a. (including 0.25% government levies) Low Pakistan Stock Exchange Central Depository Company (CDC) A. F. Ferguson & 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) 5-Mar-14 Launch Date: Fund Size: Type: 19-May-14 * Annualized Return All Other returns are Cumulative % of Total Assets Pakistan Oilfields Ltd Equity 0.8% Pakistan State Oil Co. Ltd Equity 0.6% Pak Petroleum Ltd Equity 0.7% Engro Corporation Ltd Equity 0.5% Nishat Mills Ltd Equity 0.7% Pak Elektron Ltd Equity 0.4% Mari Petroleum Company Ltd Equity 0.7% Engro Fertilizer Ltd Equity 0.4% Glaxo Healthcare Pak Ltd Equity 0.6% Fauji Cement Company Ltd Equity 0.3% Dr. Amjad Waheed, CFA Sajjad Anwar, CFA Taha Khan Javed, CFA Hassan Raza, CFA Muhammad Ali Bhabha, CFA, FRM 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. Capital protection only applies to unit holders who hold their investments until initial maturity of two years.