Paksitan: NAFA Islamic Energy Fund (NIEF) - August 2017

Transcription

1. Capital MarketsEnergy ReviewFund (NIEF) NAFA Islamic August 2017 Unit Price (31/08/2017): Rs. 12.5448 % Performance Period NAFA Islamic Energy Fund * Annualized Return All Other returns are Cumulative Launch Date: Fund Size: Type: Dealing Days: Dealing Time: Settlement: Pricing Mechanism Load:** Management Fee: Total Expense Ratio (%) Selling & Marketing Expenses Risk Profile Listing: Custodian & Trustee: Auditors: Benchmark: Fund Manager: Minimum Subscription: Asset Manager Rating: Aug 2017 FYTD 2018 Rolling 12 Months Sep 16 - Aug 17 FY 2017 Since Launch* April 21, 2016 (9.2%) (4.2%) 16.2% 32.2% 27.1% (11.9%) (11.3%) 0.4% 18.8% 13.1% The performance reported is net of management fee & all other expenses and based on dividend reinvestment gross of with-holding tax where applicable. April 21, 2016 Rs. 2,051 million Open Ended Shariah Compliant Equity Scheme 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 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 3.33% p.a (including 0.38% government levies) 0.4% per annum 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/AM1 by PACRA ( Very High Quality) 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. ‘ 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 87% in equities, which decreased to around 85% towards the end of the month. NIEF outperformed the Benchmark in August as the Fund was overweight in select Energy sectors stocks which outperformed the market. During the month, the allocation was increased primarily in Oil & Gas Marketing Companies Sector, whereas it was reduced primarily in Oil & Gas Exploration Companies, Power Generation & Distribution Companies, and Refinery Sectors. Top Ten Holdings (as on 31 August, 2017) % of Total Assets **effective from January 02, 2017 Asset Allocation (% of Total Assets) 31-Aug-17 Equities / Stocks Cash Equivalents Others including receivables Total Leverage NIEF KMI-30 PER 9.0 9.3 31-July-17 85.2% 12.5% 2.3% 100.0% Nil PBV 6.2 1.6 86.9% 10.5% 2.6% 100.0% Nil % of Total Assets Sui Northern Gas Ltd Equity 10.4% Oil & Gas Dev Co Ltd Equity 6.6% Pakistan Oilfields Ltd Equity 9.7% Pakistan State Oil Co Ltd Equity 6.5% Pakistan Petroleum Ltd Equity 9.1% Attock Petroleum Ltd Equity 5.2% Mari Gas Company Ltd Equity 8.5% Hub Power Company Ltd Equity 5.1% Shell Pakistan Ltd Equity 7.1% Attock Refinery Ltd Equity 3.3% DY 4.0% 4.3% Sectors (% of Total Assets) (as on 31 August, 2017) Oil & Gas Marketing Companies Oil & Gas Exploration Companies Power Generation & Distribution Refinery 36.4% 33.8% 9.2% 5.8% 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. Sindh Workers' Welfare Fund (SWWF) Dr. Amjad Waheed, CFA Sajjad Anwar, CFA Taha Khan Javed, CFA Hassan Raza, CFA The scheme has maintained provisions against Sindh Workers’ Welfare Fund’s liability to the tune of Rs 14,067,174/-,If the same were not made the NAV per unit/ last one year return of scheme would be higher by Rs 0.086/0.80%. For details investors are advised to read the Note 5 of the Financial Statements of the Scheme for the period ended March 31, 2017. 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.