industry statistics - mutual funds association of pakistan
TRANSCRIPT
New Fund
New Fund
Matured
ABL Income Fund Alfalah GHP Sovereign Fund
1.27%1.04%
3.30%3.12%
7.11%6.04%
9.17% 8.19%
0.023 0.018
0.25 0.22
(0.27) (0.90)
ABLAMCABLAMC
ABLAMC
Askari Sovereign Yield Enhancer Atlas Income Fund
1.73%1.88%
3.65%3.81%
6.58%6.49%
8.82% 8.45%
0.009 0.011
0.10 0.13
(1.06) (1.22)
AIMAAML
AGIM
Faysal Savings Growth FundFaysal Financial Sector Opportunity Fund
First Habib Income Fund HBL Income Fund IGI Income FundJS Income FundLakson Income FundMCB Dynamic Cash FundMetroBank-Pakistan Sovereign Fund - PerpetualNAFA Financial Sector Income FundNAFA Income FundNAFA Income Opportunity FundNAFA Savings Plus FundNIT Government Bond FundNIT Income FundPak Oman Advantage FundPak Oman Government Securities FundPakistan Income FundPICIC Income FundPIML Income Fund (Formerly Primus Cash Fund)UBL Financial Sector Bond FundUBL Government Securities Fund
1.77%1.57%1.43%1.73%0.97%1.56%1.77%1.12%1.93%1.92%2.58%1.85%1.47%1.57%1.16%1.51%1.69%1.88%1.80%1.14%1.00%
3.68%3.53%3.94%3.69%3.04%3.54%3.84%3.06%3.82%3.74%5.87%3.76%3.27%3.47%2.94%3.10%3.42%4.11%3.76%2.80%2.79%
6.57%5.61%6.93%6.06%5.76%6.81%6.60%7.27%6.46%5.85%
11.39%5.78%5.71%5.43%5.41%5.05%5.91%7.04%5.83%5.17%6.12%
8.81%7.64% 9.91% 7.98% 7.67% 8.38%
10.79% 9.26% 7.94% 2.34%
16.60% 7.91% 7.64% 7.06% 7.12% 7.08% 8.13% 8.78% 8.24% 6.99% 8.26%
0.011 0.008 0.016 0.008 0.019 0.016 0.024 0.017 0.062 0.058 0.039 0.002 0.010 0.012 0.018 0.006 0.012 0.012 0.020 0.014 0.018
0.12 0.11 0.16 0.09 0.25 0.19 0.22 0.18 0.78 2.50 0.24 0.03 0.13 0.18 0.25 0.08 0.15 0.14 0.25 0.20 0.21
(0.92) (2.57) 0.08
(2.42) (1.13) (0.89) 0.43
(0.31) (0.30) (1.30) 1.74
(8.81) (2.11) (2.18) (1.49) (4.52) (1.38) (0.82) (0.76) (2.00) (0.87)
FAMLFAML
HAMLHBLAMCAGIMJSILLIMCBAHSILMCBAHSILNAFANAFANAFANAFANITNITPOAMCLPOAMCLMCBAHSILPICICAMCPRIMUSUBLFMLUBLFML
ABL Government Securities Fund (Class A) ABL Government Securities Fund (Class B)
Returns Risk AnalysisPerformance Analysis - FY 2014
56
Fund Name YTD9 months Return
6 months Return
3 monthsReturn
Annualized Standard Deviation
Risk/Return (Coeffecient of
Variation)
Sharpe * Ratio
AMC Name
Money Market
ABL Cash Fund 8.22% 6.02% 3.89% 1.91% 0.0042 0.05 (3.74)AKD Cash Fund 8.77% 6.32% 4.11% 1.95% 0.0055 0.06 (1.86)Alfalah GHP Cash Fund 8.09% 5.87% 3.76% 1.79% 0.0046 0.06 (3.71)Askari Sovereign Cash Fund 8.11% 5.98% 3.82% 1.88% 0.0043 0.05 (3.89)Atlas Money Market Fund 8.29% 6.04% 3.87% 1.87% 0.0043 0.05 (3.45)BMA Empress Cash Fund 8.47% 6.27% 3.98% 1.83% 0.0046 0.05 (2.83)Faysal Money Market Fund 8.39% 6.13% 3.94% 1.91% 0.0092 0.11 (1.53)First Habib Cash Fund 8.13% 5.93% 3.81% 1.86% 0.0047 0.06 (3.57)HBL Money Market Fund 8.08% 5.89% 3.78% 1.78% 0.0044 0.05 (3.87)IGI Money Market Fund 8.17% 5.93% 3.78% 1.81% 0.0045 0.06 (3.56)JS Cash Fund 8.26% 5.91% 3.70% 1.78% 0.0050 0.06 (3.05)KASB Cash Fund 8.56% 6.31% 4.14% 2.03% 0.0045 0.05 (2.77)Lakson Money Market Fund 7.97% 5.76% 3.65% 1.80% 0.0046 0.06 (3.99)MCB Cash Management Optimizer 8.27% 6.06% 3.90% 1.91% 0.0047 0.06 (3.21)NAFA Government Securities Liquid FundNAFA Money Market Fund
8.12% 5.88% 3.74% 1.80% 0.0025 0.03 (6.62)8.21% 5.95% 3.85% 1.85% 0.0024 0.03 (6.72)
Paksitan Cash Management Fund 8.43% 6.15% 3.96% 1.96% 0.0044 0.05 (3.07)PICIC Cash Fund 8.41% 6.13% 3.93% 1.88% 0.0043 0.05 (3.18)Primus Daily Reserve Fund 8.91% 6.55% 4.25% 2.09% 0.0043 0.05 (2.02)UBL Money Market Fund (Formerly UBL Savings Income Fund)
7.79% 5.67% 3.58% 1.69% 0.0041 0.05 (4.92)
ABLAMCAKDIMLAGIMAIMAAMLBMA FUNDSFAMLHAMLHBLAMCAGIMJSILKFLLIMCBAHSILNAFANAFAMCBAHSILPICICAMCPRIMUSUBLFML
UBL Liquidity Plus Fund
* Please refere Glossary & Notes
8.08% 5.90% 3.78% 1.82% 0.0104 0.13 (1.64)UBLFML
Equity
ABL Stock Fund 32.90% 25.31% 14.09% 0.48% 0.14 0.42 1.66AKD Opportunity Fund 48.24% 41.46% 21.65% 4.52% 0.18 0.38 2.09Alfalah GHP Alpha Fund 29.55% 19.96% 13.71% 1.90% 0.16 0.55 1.22
ABLAMCAKDIMLAGIM
Atlas Stock Market FundAsian Stock Fund
30.09% 23.14% 17.53% 5.65% 0.13 0.42 1.62Crosby Dragon Fund 32.82% 29.50% 24.33% 7.20% 0.14 0.43 1.64First Capital Mutual Fund 32.88% 24.48% 14.87% -2.45% 0.15 0.47 1.51First Habib Stock Fund 22.60% 15.61% 12.43% 1.95% 0.14 0.64 0.89Golden Arrow Selected Stock Fund 51.67% 45.43% 26.50% 7.51% 0.18 0.34 2.39HBL Stock Fund 27.80% 21.03% 14.62% -0.17% 0.17 0.62 1.05IGI Stock Fund 24.60% 14.97% 9.42% -4.10% 0.17 0.67 0.90JS Growth Fund 40.12% 35.16% 25.14% 2.01% 0.14 0.36 2.12JS Large Capital Fund 39.65% 32.69% 25.69% 2.17% 0.17 0.43 1.76JS Value Fund Limited 35.52% 30.29% 20.80% -0.46% 0.13 0.38 1.91Lakson Equity FundMCB Dynamic Stock Fund
32.15% 25.50% 19.70% 3.29% 0.16 0.50 1.40
Askari Equity Fund 28.71% 22.08% 12.33% 0.64% 0.12 0.43 1.54AIM
AAMLSFL Wound up
KFLFCMFHAMLAKDIMLHBLAMCAGIMJSILJSILJSILLI
NAFA Stock Fund 36.33% 27.41% 18.33% 3.75% 0.15 0.41 1.78National Investment (Unit) Trust 56.98% 44.36% 28.66% 4.79% 0.18 0.31 2.67
Pakistan Stock Market FundPakistan Premier Fund
34.69% 24.51% 15.28% 2.51% 0.14 0.40 1.79Pakistan Strategic Allocation Fund 31.34% 25.59% 19.26% 6.05% 0.10 0.33 2.05PICIC Energy Fund 23.92% 20.26% 11.98% -0.94% 0.18 0.73 0.81PICIC Growth Fund 35.41% 29.11% 11.72% -5.65% 0.22 0.63 1.16PICIC Investment Fund 35.39% 28.77% 13.07% -3.44% 0.21 0.59 1.24PICIC Stock Fund Safeway Mutual Fund
41.93% 32.15% 20.23% 5.20% 0.17 0.40 1.93Wound up
NAFANIT
MCBAHSILMCBAHSIL
MCBAHSIL
MCBAHSILPICICAMCPICICAMCPICICAMCPICICAMCSFL
United Stock Advantage Fund 31.48% 23.40% 15.97% 1.51% 0.41 1.30 0.53UBLFML
Merged into Pakistan Stock Market Fund
Merged into Pakistan Stock Market Fund
Income
AKD Index Tracker Fund 36.40% 25.68% 18.31% 3.40% 0.19 0.52 1.39JS KSE-30 Index Fund
AKDIMLJSIL 27.46% 19.86% 16.53% 2.94% 0.21 0.75 0.86
Returns Risk AnalysisPerformance Analysis - FY 2014
Fund Name YTD9 months Return
6 months Return
3 monthsReturn
Annualized Standard Deviation
Risk/Return (Coeffecient of
Variation)
Sharpe Ratio
AMC Name
Aggressive Fixed Income
AKD Aggressive Income Fund 5.41% 3.57% 2.86% 1.95% 0.02 0.30 (2.71)Alfalah GHP Income Multiplier Fund 12.35% 7.86% 4.87% 1.88% 0.03 0.24 0.88Askari High Yield Scheme 11.63% 7.64% 4.65% 1.77% 0.17 1.45 0.11BMA Chundrigar Road Savings Fund 7.70% 5.22% 2.87% 0.79% 0.05 0.68 (0.40)Faysal Income & Growth Fund 8.82% 7.27% 3.66% 1.56% 0.02 0.18 (0.62)IGI Aggressive Income Fund 7.64% 5.57% 3.20% 1.18% 0.01 0.18 (1.56)
AKDIMLAGIMAIMBMAFAMLAGIM
KASB Income Opportunity Fund 22.18% 11.25% 11.92% 4.00% 0.10 0.43 1.29Pakistan Income Enhancement Fund 8.73% 6.47% 3.35% 1.64% 0.01 0.16 (0.73)United Growth & Income Fund 18.36% 10.78% 7.09% 3.22% 0.06 0.33 1.43
KFLMCBAHSILUBLFML
Balanced Fund
Fund of Funds
Asset Allocation
Faysal Balanced Growth Fund 14.69% 3.86% 1.92% -1.44% 0.12 0.78 0.43HBL Multi Asset Fund 24.09% 19.46% 12.26% 0.42% 0.15 0.62 0.96NAFA Multi Asset Fund 25.41% 17.82% 10.70% 2.03% 0.11 0.42 1.47Pakistan Capital Market Fund 26.05% 16.76% 10.09% 2.58% 0.12 0.45 1.37Primus Strategic Multi Asset FundUnit Trust of Pakistan 23.56% 18.95% 12.72% -1.07% 0.14 0.59 0.99
FAMLHBLAMCNAFAMCBAHSILPRIMUSJSIL
New Fund
Alfalah GHP Value Fund 19.52% 13.23% 9.35% -0.94% 0.16 0.80 0.63Askari Asset Allocation Fund 19.29% 15.00% 7.15% -2.26% 0.13 0.67 0.74Faysal Asset Allocation Fund 17.01% 5.12% 2.25% -0.51% 0.16 0.93 0.46JS Aggressive Asset Allocation 36.87% 20.41% 16.75% -3.22% 0.26 0.72 1.02KASB Asset Allocation Fund 40.15% 32.25% 20.96% 2.81% 0.17 0.42 1.80Lakson Asset Allocation Developed Markets Fund 9.64% 7.02% 7.97% 4.93% 0.04 0.45 (0.04)Lakson Asset Allocation Emerging Markets Fund 6.40% 3.69% 5.54% 4.12% 0.07 1.09 (0.49)Lakson Asset Allocation Global Commodities Fund 4.24% 2.95% 3.48% 2.74% 0.05 1.14 (1.15)MCB Dynamic Allocation Fund 11.94% 7.60% 4.21% 1.60% 0.04 0.33 0.54NAFA Asset Allocation Fund 13.66% 9.23% 6.07% 1.96% 0.08 0.56 0.50Pak Oman Advantage Asset Allocation Fund 8.74% 5.05% 8.65% 2.48% 0.13 1.46 (0.08)UBL Asset Allocation Fund
AGIMAAMLFAMLJSILKFLLILILIMCBAHSILNAFAPOAMCLUBLFML New Fund
Index Tracker
Islamic Equity Fund
Atlas Fund of Funds Wound up
Matured
AAML
UBLFML
UBLFMLUBLFML
JS Fund of FundsUBL Principal Protected FundUBL Principal Protected Fund II UBL Principal Protected Fund III
40.09% 32.70% 25.04% 10.84% 0.19 0.48 1.57JSIL
New FundNew Fund
ABL Islamic Stock Fund ABLAMC 24.67% 18.63% 13.04% -0.05% 0.24 0.95 0.63 Al Meezan Mutual Fund ALMEEZAN 29.82% 19.54% 13.42% -0.08% 0.19 0.64 1.04 Atlas Islamic Stock Fund AAML 21.73% 14.97% 12.68% 2.37% 0.15 0.68 0.81 HBL Islamic Stock Fund HBLAMC 30.67% 23.27% 15.70% -3.48% 0.20 0.66 1.03 JS Islamic Fund JSIL 38.43% 31.85% 20.25% 3.15% 0.22 0.58 1.28 Meezan Islamic Fund ALMEEZAN 29.15% 20.33% 13.80% -0.36% 0.19 0.66 1.01 PICIC Islamic Stock Fund PICICAMCAl Ameen Shariah Stock Fund UBLFML 34.36% 26.53% 20.01% 3.21% 0.18 0.53 1.35 (Formerly UBL Shariah Stock Fund)PIML Islamic Equity Fund PRIMUS New Fund
New Fund
Islamic Income
Commodities
New FundUBL Gold FundAtlas Gold Fund
12.89% 7.07% -0.40% 6.40% 0.17 1.35 0.18AAMLUBLFML
57
ABL Islamic Income Fund ABLAMC 8.88% 6.54% 4.14% 1.86% 0.007 0.08 (1.32) Askari Islamic Income Fund AIML 7.93% 5.66% 3.75% 1.86% 0.008 0.10 (2.43) Atlas Islamic Income Fund AAML 8.22% 6.31% 4.03% 1.86% 0.006 0.07 (2.68) Faysal Islamic Savings Growth Fund FAML 7.65% 5.57% 3.25% 1.54% 0.009 0.12 (2.26) IGI Islamic Income Fund AGIM 6.01% 4.54% 2.77% 1.32% 0.006 0.11 (5.85) MCB Islamic Income Fund MCBAHSIL 8.36% 6.68% 4.31% 1.91% 0.006 0.07 (2.36) JS Islamic Government Securities Fund JSIL 8.80% 6.96% 4.29% 1.83% 0.008 0.10 (1.19)Meezan Islamic Income Fund ALMEEZAN 11.91% 7.79% 5.16% 2.27% 0.021 0.18 1.00Meezan Sovereign Fund ALMEEZAN 8.49% 6.75% 4.24% 1.96% 0.030 0.35 (0.44)NAFA Riba Free Savings Fund NAFA 7.82% 5.86% 3.78% 1.78% 0.003 0.03 (7.65)PAK Oman Advantage Islamic Income Fund POAMCL 3.43% 2.98% 1.58% 0.32% 0.015 0.44 (4.22)PICIC Islamic Income Fund PICICAMCAl Ameen Islamic Sovereign Fund (Formerly UBL Islamic Sovereign Fund)
UBLFML 8.78% 6.23% 3.82% 1.65% 0.010 0.11 (1.02)
New Fund
Islamic Aggressive Income
KASB Islamic Income Opportunity Fund KFL 9.20% 6.62% 4.33% 2.22% 0.01 0.07 (0.89) NAFA Islamic Aggressive Income Fund NAFA 13.65% 8.74% 3.84% 1.08% 0.03 0.21 1.31 United Islamic Income Fund UBLFML 14.36% 8.90% 5.61% 1.95% 0.04 0.25 1.29
Islamic Asset Allocation
UBLFML
Alfalah GHP Islamic Fund
Al Ameen Islamic Asset Allocation Fund(Formerly UBL Islamic Asset Allocation Fund)
AGIM 18.42% 13.27% 10.41% -0.82% 0.14
0.75
0.63Askari Islamic Asset Allocation Fund AIM 12.53% 10.87% 6.98% -1.98% 0.12 0.97 0.23
Pakistan Int'l Element Islamic Fund MCBAHSILPOAMCL
18.86% 14.58% 9.31% 2.84% 0.13 0.67 0.72
NAFA Islamic Multi Asset FundPak Oman Islamic Asset Allocation Fund
NAFA 22.23% 13.27% 8.34% -0.02% 0.17 0.98 0.7217.32% 10.04% 8.00% 2.26% 0.11 0.65 0.66
New Fund
Islamic Balanced
First Habib Islamic Balanced Fund HAML 12.34% 9.41% 6.71% -0.47% 0.08 0.69 0.30 Meezan Balanced Fund ALMEEZAN 19.66% 13.94% 8.73% 0.08% 0.12 0.59 0.85
Islamic Capital Protected
Islamic Index Tracker
KSE Meezan Index Fund ALMEEZAN 26.49% 19.09% 13.93% -0.02% 0.50 1.87 0.34
Islamic Fund of funds
ABL Islamic Principal Preservation Fund
Al Ameen Islamic Principal Preservation Fund IIAl Ameen Islamic Principal Preservation Fund IIIMeezan Capital Preservation Fund IIMeezan Capital Preservation Fund III
ABLAMC New Fund
New FundNew FundNew FundNew Fund
ABL Islamic Principal Preservation Fund II ABLAMC New Fund
Meezan Financial Planning Fund of Funds (Moderate)
ALMEEZAN
17.33% 12.65% 8.41% 6.05% 0.15
0.89
0.49
Meezan Financial Planning Fund of Funds (Conservative)
ALMEEZAN
ALMEEZANALMEEZAN
12.61% 9.40% 6.10% 4.62% 0.05 0.37 0.60 Meezan Financial Planning Fund of Funds (Aggressive)
ALMEEZAN
22.10% 15.86% 10.84% 7.63% 0.14 0.63 0.89
Al Ameen Islamic Principal Preservation Fund I (Formerly: UBL Islamic Principal Preservation Fund)
UBLFML
UBLFMLUBLFML
22.20% 17.00% 13.24% 9.46% 0.26
1.18
0.47
58
Returns Risk AnalysisPerformance Analysis - FY 2014
Fund Name YTD9 months Return
6 months Return
3 monthsReturn
Annualized Standard Deviation
Risk/Return (Coeffecient of
Variation)
Sharpe Ratio
AMC Name
NAFANAFA
Meezan Capital Protected Fund IINAFA Islamic Principal Protected Fund INAFA Islamic Principal Protected Fund II
ALMEEZAN 12.11% 9.47% 5.89% 1.01% 0.36 3.01 0.06
New FundNew Fund
Islamic Money Market
New Fund
HBL Islamic Money Market Fund HBLAMC 6.86% 5.23% 3.45% 1.70% 0.0047 0.07 (6.27) Meezan Cash Fund ALMEEZAN 7.07% 5.47% 3.63% 1.85% 0.0036 0.05 (7.53) UBL Islamic Cash Fund UBLFML 6.56% 5.22% 3.38% 1.68% 0.0037 0.06 (8.76)PIML Islamic Money Market Fund PIML
ABL AMC - - - - -0.17% 32.66% 29.19% 26.34% 55.87% 32.90% 347.77% 348.54% 161.72%AKDIML - -11.40% 41.99% 3.95% -36.13% 16.96% 19.62% 34.70% 72.87% 48.21% 303.28% 382.83% 245.11%AGIM - - - - 38.22% 24.76% 16.72% 2.63% 39.80% 29.55% 274.10% 116.95% 81.11% - - -
Wound upAIMSFL
- - - - - - - - N/A-0.30% 42.07% 28.71% 82.31% 82.31%AAML 12.53% 32.52% 29.39% -6.84% -31.58% 24.86% 40.07% 22.95% 51.11%
50.57% -34.77% 69.21% -8.56% -37.30% 28.94% 14.35% 27.48% 63.08%
30.09% 415.66% 322.68% 141.68%KFL 6.68% 19.70% 62.55% 35.10% -42.17% 22.43% 25.49% 9.86% 43.47% 32.82% 431.03% 217.86% 109.33%FCMF 20.23% 24.50% 8.86% -11.28% -39.73% 13.72% 10.89% 8.65% 28.23% 32.88% 102.82% 132.78% 84.59%HAML - - - - - -4.57% 18.43% 3.67% 33.43% 22.60% 91.68% 91.68% 69.60%AKDIML 283.20% -4.16% 44.39% -1.70% -34.45% 16.00% 13.94% 34.85% 84.36% 51.71% 1603.23% 398.51% 277.17%HBLAMC - - - -1.47% -17.80% 19.52% 28.20% 11.00% 44.42% 27.80% 154.00% 214.00% 105.00%AGIM - - - - 32.90% 26.08% 29.97% 13.34% 66.41% 24.60% 413.09% 206.20% 107.32%JSIL - -1.57% 26.53% -5.95% -45.02% 6.61% 22.56% 17.92% 56.91% 40.12% 112.79% 216.82% 159.25%JSIL 14.22% 29.96% 36.90% 7.59% -47.56% 4.65% 38.38% 14.87% 54.55% 39.65% 311.57% 259.01% 147.92%JSIL 8.58% 31.50% 38.60% 39.13% -50.45% -11.43% 25.89% 15.25% 64.30% 35.52% 258.00% 172.79% 156.44%LI - - - - - -0.66% 20.44% 9.74% 40.02% 32.15% 142.93% 142.93% 103.05%MCBAHSIL - - 31.96% -10.93% -20.28% 27.30% 32.22% 18.70% 52.56%NAFA - - 43.47% -3.18% -45.63% 16.74% 28.37% 21.98% 54.95% 36.33% 191.61% 286.13% 157.66%NIT 35.67% 28.20% 44.67% -5.76% -41.48% 17.92% 24.05% 7.57% 58.42% 56.98% 443.02% 291.32% 167.52%MCBAHSIL 47.18% 16.38% 31.90% -3.83% -33.77% 25.61% 14.70% 13.60% 47.59%MCBAHSIL 52.41% 26.85% 29.41% -3.01% -26.32% 24.77% 21.07% 11.29% 49.42% 34.69% 504.95% 238.35% 123.98%MCBAHSIL 31.67% 23.39% 24.78% -1.80% -27.38% 18.54% 19.12% 14.89% 32.32% 31.34% 307.57% 181.93% 99.67%PICIC AMC - 1.90% 5.69% 7.28% -12.20% 13.52% 31.09% 9.33% 30.01% 23.92% 165.90% 162.11% 76.14%PICIC AMC 6.27% 12.70% 21.61% -4.40% -36.08% 14.45% 16.75% 3.19% 58.55% 35.41% 260.53% 196.06% 121.55%PICIC AMC 15.51% 23.12% 27.01% -3.27% -40.55% 14.90% 18.33% 4.29% 54.85% 35.39% 208.78% 197.26% 118.63%PICIC AMC - - - - - - - 13.03% 48.18% 41.93% 137.71% N/A 137.71%SFL -25.68% -38.18% 70.19% -11.58% -38.47% 27.86% 12.50% 28.09% 63.17% Wound up - - - UBLFML - - 29.73% -4.11% -35.26% 24.13% 35.59% 12.42% 55.20% 31.48% 210.94% 286.11% 129.41%
Merged into Pakistan Stock Market Fund
Merged into Pakistan Stock Market Fund
ABL Stock Fund (28-06-2009)AKD Opportunity Fund (31-03-2006)Alfalah GHP Alpha Fund (09-09-2008)
Askari Equity Fund (30-03-2012)Asian Stocks fund (13-06-1994)
Atlas Stock Market Fund (23-11-2004)Crosby Dragon Fund (15-12-2003)First Capital Mutual Fund (24-05-1995)**First Habib Stock Fund (10-10-2009)Golden Arrow Selected Stock Fund (01-05-1983)HBL Stock Fund (27-08-2007)IGI Stock Fund (15-07-2008)JS Growth Fund (06-06-2006)JS Large Capital Fund (14-05-2004)JS Value Fund Limited (14-01-1996)Lakson Equity Fund (13-11-2009)MCB Dynamic Stock Fund (01-03-2007)NAFA Stock Fund (22-01-2007)National Investment (Unit) Trust (12-11-1962)Pakistan Premier Fund (01-01-2003)Pakistan Stock Market Fund (11-03-2002)Pakistan Strategic Allocation Fund (01-09-2004)PICIC Energy Fund (20-01-2006)PICIC Growth Fund (20-07-2004)PICIC Investment Fund (07-06-2004)PICIC Stock Fund (24-09-2011)Safeway Mutual Fund (12-05-1994)United Stock Advantage Fund (04-08-2006)
59
Ten years at a Glance - Returns
Income
** Converted into Open end fund w.e.f. July 30,2013.
Fund Name AMC Name 2005 2006 2007 2008 2009 2010 2011 2012 2013 201410 years (or since
inception for lesser period)
5 years 3 years
Equity
9.36%
1.83%
PIML Income Fund (new) (09-08-2012) PRIMUS 8.72% 8.24% 16.65%
N/A
- -
-
-
-
- - - - -Alfalah GHP Sovereign Fund (10-05-2014) AGIM 8.87% N/AN/A
N/A
N/A N/A
8.87%
ABL Government Securities Fund (Class A) (5-01-2012) ABL AMC
-
-
-
- - - - 11.45*% 5.39% Matured ABL Government Securities Fund (Class B) (29-11-2011) ABL AMC - - - - - - - - 10.68%* 11.79% 9.17% 29.69% 29.69%ABL Income Fund (20-09-2008) ABL AMC - - - - 14.39* 10.96% 11.65% 11.71% 9.88% 8.19% 78.01% 60.14% 32.79%
Askari Sovereign Yield Enhancer (07-05-2012) AIM - - - - - - - 10.32*% 10.98% 8.82% 22.62% 22.62%Atlas Income Fund (22-03-2004) AAML 9.79% 11.46% 10.23% 9.46% 6.91% 9.98% 7.24% 6.06% 9.58% 8.45% 134.69% 48.66% 26.05%
Faysal Savings Growth Fund (12-05-2007)Faysal Financial Sector Opportunity Fund (05-07-2013)
FAML - - 10.22%* 10.17% 13.22% 11.30% 11.05% 11.14% 8.67% 8.81% 105.46%9.15%9.15%
62.45% 31.42%First Habib Income Fund (02-06-2007) HAML - - 19.05%* 9.30% 6.42% 10.60% 10.94% 10.29% 9.42% 7.64% 88.49% 59.38% 29.91%HBL Income Fund (15-03-2007) HBLAMC - - 9.24%* 9.39% 4.20% 13.60% 13.49% 12.35% 7.69% 9.91% 100.50% 71.43% 32.98%IGI Income Fund (14-04-2007) AGIM - - 9.67%* 9.85% 6.41% 11.12% 11.32% 11.19% 12.35% 7.98% 13.13% 11.73%JS Income Fund (26-08-2002) JSIL 10.72% 12.40% 10.49% 9.87% 11.93% -8.29% 3.95% 13.10% 10.60% 7.67% 112.46% 28.26% 34.73%Lakson Income Fund (13-11-2009) LI - - - - - 11.19%* 11.50% 11.60% 9.21% 8.38% 57.62% 57.62% 32.09%MCB Dynamic Cash Fund (01-03-2007) MCBAHSIL - - 10.20%* 9.81% 9.36% 11.03% 12.85% 10.80% 9.82% 10.79% 109.72% 68.93% 34.81%MetroBank-Pakistan Sovereign Fund - Perpetual (01-03-2003) MCBAHSIL 0.52% 7.36% 9.66% 5.87% 13.96% 10.13% 10.27% 11.32% 12.32% 9.26% 136.89% 65.92% 36.62%NAFA Financial Sector Income Fund (28-10-2011) NAFA - - - - - - - - 12.42%* 9.27% 7.94% 27.83% 27.83%NAFA Income Fund (29-03-2008) NAFA - - - 8.27%* 3.91% 8.69% -4.24% -6.90% 6.91% 2.31% 12.45% 5.99%NAFA Income Opportunity Fund (22-04-2006) NAFA - 10.13%* 10.76% 9.85% 5.49% 5.81% 5.49% -0.54% 10.33% 16.60% 86.85% 42.82% 27.95%NAFA Savings Plus Fund (21-11-2009) NAFA - - - - 9.87%* 10.64% 11.04% 8.76% 7.91% 52.82% 52.82% 30.33%NIT Government Bond Fund (18-11-2009) NIT - - - - 10.56%* 11.18% 9.76% 9.93% 7.64% 53.77% 53.77% 29.89%NIT Income Fund (19-02-2010) NIT - - - -
9.58%* 12.10% 12.34% 9.56% 7.06% 52.80% 52.80% 31.78%Pak Oman Advantage Fund (09-05-2007) POAMCL - - 19.32%* 10.81% 5.54% 12.07% 11.67% 11.23% 7.84% 7.12% 93.07% 60.76% 28.46%Pak Oman Government Securities Fund (28-08-2011) POAMCL - - - - - - - 10.76%* 9.20% 7.08% 28.60% N/A 28.60%Pakistan Income Fund (11-03-2002) MCBAHSIL 9.58% 10.16% 10.70% 9.26% 8.86% 14.01% 12.50% 9.41% 7.26% 8.13% 158.67% 62.76% 26.90%PICIC Income Fund (24-07-2010) PICIC AMC - - - - - - 11.70%* 11.85% 9.52% 8.78% 34.97% N/A
N/AN/A N/AN/A
N/A33.27%
UBL Financial Sector Bond Fund (29-03-2013) UBLFML - - - - - - - - 9.23% 6.99% 9.54%UBL Government Securities Fund (27-07-2011) UBLFML - - - - - - - 12.11%* 9.90% 8.26% 22.26% 32.35%
N/AUBL Money Market Fund (Formerly UBL Savings Income Fund) (14-10-2010) UBLFML - - - - - - 11.90%* 12.09% 9.31% 7.79% 43.22% 32.07%
Money Market
ABL Cash Fund (30-07-2010) ABL AMC - - - - - - 11.96%* 11.22% 9.11% 8.22% 45.65% 31.33%AKD Cash Fund (20-01-2012) AKDIML - - - - - - - 10.44*% 9.54% 8.77% 24.72% 24.72%Alfalah GHP Cash Fund (12-03-2010) AGIM - - - - - 10.13%* 11.55% 11.01% 9.06% 8.09% 11.72% 11.23% 8.94%Askari Sovereign Cash Fund (18-09-2009) AIM - - - - - 12.05%* 12.26% 11.50% 9.24% 8.11% 61.64% 61.64% 31.60%Atlas Money Market Fund (20-01-2010) AAML - - - - - 10.16%* 11.64% 11.33% 9.02% 8.29% 53.31%
N/AN/A
N/AN/AN/A
N/A
N/AN/A N/A
31.43%BMA Empress Cash Fund (12-11-2009) BMA FUNDS - - - - - 10.26%* 11.30% 11.32% 9.14% 8.47% 56.21% 56.21%
53.3 1%31.82%
Faysal Money Market Fund (13-12-2010) FAML - - - - - - 11.16%* 10.98% 9.06% 8.39% 39.07% 31.09%First Habib Cash Fund (10-03-2011) HAML - - - - - - 11.44% 11.22% 9.03% 8.13% 35.76% 31.12%HBL Money Market Fund (12-07-2010) HBLAMC - - - - - -
11.96%* 11.53% 9.28% 8.08% 46.84% 31.73%
IGI Money Market Fund (07-05-2010) AGIM - - - - - 10.68%* 11.82% 11.82% 8.82% 8.17% 12.11% 12.03% 9.20%JS Cash Fund (29-03-2010) JSIL - - - - - 9.47%* 12.01% 11.69% 9.11% 8.26% 51.33% 51.33% 31.87%KASB Cash Fund (12-08-2009) KFL - - - - - 9.99%* 11.74% 11.59% 9.17% 8.56% 60.82% 60.82% 32.23%Lakson Money Market Fund (13-11-2009) LI - - - - - 10.58%* 11.69% 11.22% 8.76% 7.97% 55.46% 55.46% 30.52%MCB Cash Management Optimizer Fund (01-10-2009) MCBAHSIL - - - - - 10.91%* 11.65%* 11.29% 9.20% 8.27% 58.73% 58.73% 31.55%NAFA Government Securities Liquid Fund (16-05-2009) NAFA - - - - 11.56%* 10.53% 11.46% 10.88% 8.66% 8.12% 62.79% 60.50% 30.27%NAFA Money Market Fund (24-02-2012) NAFA - - - - - - - 10.28*% 9.17% 8.21% 22.40% 22.40%Pakistan Cash Management Fund (19-03-2008) MCBAHSIL - - - 8.48%* 11.95% 11.23% 13.56% 11.07% 9.06% 8.43% 90.13% 65.86% 31.31%PICIC Cash Fund (14-10-2010) PICIC AMC - - - - - - 11.68%* 11.47% 9.07% 8.41% 40.12% 31.74%Primus Daily Reserve Fund (29-03-2013) PRIMUS 9.87% 8.91% 14.21%
UBL Liquidity Plus Fund (21-06-2009) UBLFML - - - - 8.69%* 10.52% 11.85% 11.37% 8.94% 8.08% 62.33% 61.98% 31.03%
Aggressive Fixed Income
AKD Aggressive Income Fund (22-03-2007) AKDIML - - 12.92%* 9.58% -10.13% 9.01% 11.59% 10.41% 6.55% 5.44% 53.86% 50.90% 24.05%Alfalah GHP Income Multiplier Fund (15-06-2007) AGIM - - 9.20%* 9.74% 3.24% 3.61% -2.37% -3.90% 11.23% 12.35% 5.41% 4.30% 12.48%Askari High Yield Scheme (16-03-2006) AIM - 17.15%* 11.26% 9.41% 3.50% -7.09% 5.40% 0.31% 1.61% 11.63% 47.40% 11.43% 13.78%BMA Chundrigar Road Savings Fund (23-08-2007) BMA FUNDS - - - 9.22%* -3.30% 8.56% -7.75% -8.90% 13.35% 7.70% 16.29% 11.47% 7.99%Faysal Income & Growth Fund (10-10-2005) FAML - 7.76%* 12.76% 10.10% 9.08% 11.31% 9.71% 13.55% 9.50% 8.82% 136.24% 65.62% 35.29%IGI Aggressive Income Fund (25-10-2007) AGIM - 9.99%* 0.75% -6.34% -0-90% 21.42% 10.30% 7.64% 7.87% 0.84% 9.37%KASB Income Opportunity Fund (01-09-2010) KFL - 9.83%* 11.02% 10.36% 1.80% -12.76% -38.11% 28.16% 19.04% 22.18% 27.27% 0.64% 86.40%Pakistan Income Enhancement Fund (28-08-2008) MCBAHSIL - - - - 18.40%* 14.24% 12.41% 8.94% 7.21% 8.73% 88.23% 63.08% 26.99%United Growth & Income Fund (02-03-2006)
* Annualized
UBLFML - 9.57*% 11.83% 10.10% 6.82% 9.46% -10.38% -12.32% 10.71% 18.36% 52.89% 12.70% 14.89%
60
Ten years at a Glance - Returns
Asset Allocation
Alfalah GHP Value Fund (29-10-2005) AGIM - 12% 25% 2% 3% 17% 5.65% 5.77% 30.11% 19.52% 115.31% 50.97% 46.49%Askari Asset Allocation Fund (02-06-2007) AIM - - 2% -12% -38% 8% 13.47% 12.12% 39.87% 19.29% 27.26% 128.45% 87.08%Faysal Asset Allocation Fund (05-03-2007) FAML - - 24% -13% -38% 31% 20.59% -0.02% 20.26% 17.01% 47.64% 121.74% 40.69%JS Aggressive Asset Allocation (28-06-2005) JSIL 1% 73% 27% -7% -63% 12% 16.62% 11.68% 22.51% 36.87% 88.82% 145.22% 87.39%KASB Asset Allocation Fund (01-09-2010) KFL - - - - -14% 1% -5.72% 2.36% 25.21% 40.15% 46.10% 70.88% 79.65%Lakson Asset Allocation Developed Markets Fund (10-10-2011) LI - - - - - - - 6.42% 10.52% 9.64% 28.95% N/ALakson Asset Allocation Emerging Markets Fund (10-10-2011) LI - - - - - - - 6.23% 5.46% 6.40% 19.20% N/ALakson Asset Allocation Global Commodities Fund (10-10-2011) LI - - - - - - - 5.85% 3.44% 4.24% 14.13%
28.95%19.20%14.13%N/A
MCB Dynamic Allocation Fund (17-03-2008) MCBAHSIL - - - -12% -24% 17% 20.86% 8.65% 19.23% 11.94% 37.10% 104.57% 45.02%NAFA Asset Allocation Fund (21-08-2010) NAFA - - - - - - 19.45% 14.38% 31.99% 13.66% 104.97% 71.59%Pak Oman Advantage Asset Allocation Fund (30-10-2008) POAMCL - - - - 22% -2% 15.08% -0.89% 31.82% 8.74% 95.57% 60.73% 42.17%UBL Asset Allocation Fund (20-08-2013) UBLFML - - - - - - - - - 13.47% 13.47% N/A
N/A
N/A
Balanced
Faysal Balanced Growth Fund (19-04-2004) FAML 14.51% 23.32% 21.17% -0.19% -24.00% 21.99% 9.98% -4.69% 19.15% 14.69% 126.84% 74.75% 30.25%HBL Multi Asset Fund (14-12-2007) HBLAML - - - -2.73% -13.22% 19.17% 23.55% 12.67% 37.59% 24.09% 139.09% 183.25% 92.36%NAFA Multi Asset Fund (22-01-2007) NAFA - - 28.96% 5.12% -22.56% 12.38% 25.30% 15.54% 34.12% 25.41% 187.28% 173.67% 94.34%Pakistan Capital Market Fund (24-01-2004) MCBAHSIL 42.80% 27.14% 26.54% -6.39% -21.52% 20.41% 14.00% 9.40% 28.08% 26.05% 309.21% 142.45% 76.62%Primus Strategic Multi Asset Fund (23-08-2013) PRIMUS - - - - - - - - - 9.27% 9.27% N/A
N/AN/A
Unit Trust of Pakistan (27-10-1997) JSIL - - - - - - - 16.60% 42.01% 23.56% 255.84% 104.60%
Capital Protected
ABL Capital Protected Fund (31-05-2012) ABL AMC - - - - - - - 0.65% 13.89% MaturedIGI Capital Protected Fund (05-10-2011) AGIM - - - - - - - 4.37% 7.62% Matured
Commodities
UBL Gold Fund (13-02-2013) UBLFML - - - - - - - - -17.14% 12.89% -6.46%Atlas Gold Fund (15-07-2013) AAML - - - - - - - - - 6.11% 6.11% N/A N/A
N/A N/A
Fund of Funds
Atlas Fund of Funds (16-12-2004) AAML 5.30% 19.23% 17.33% 5.41% -45.64% 26.44% 42.46% 21.34% 41.02% Wound upJS Fund of Funds (31-10-2005) JSIL - 6.64% 17.03% 10.82% -25.69% 13.99% 31.70% 20.00% 21.01% 40.09% 217.55% 205.37% 103.42%UBL Principal Protected Fund I (03-02-2012) UBLFML - - - - - - - 7.56% 38.19% MaturedUBL Principal Protected Fund II (23-07-2013) UBLFML - - - - - - - - - 13.60% 13.60% N/A N/AUBL Principal Protected Fund III(06-03-2014) UBLFML - - - - - - - - - 4.60% 4.60% N/A N/A
N/A
N/A
N/A
Index Tracker
AKD Index Tracker Fund (11-10-2005) AKDIML - 7.72% 36.60% -15.19% -41.47% 30.37% 25.09% 7.68% 46.94% 36.40% 157.08% 251.93% 115.79%JS KSE-30 Index Fund (29-05-2006) JSIL - 0.50% 41.10% -16.49% -43.64% 28.51% 27.12% 7.75% 30.75% 27.46% 104.37% 193.33% 79.56%
Islamic Equity
ABL Islamic Stock Fund (11-06-2013) ABL AMC - - - - - - - - -3.24% 24.67% 20.63%Al Meezan Mutual Fund (13-07-1995) AL MEEZAN 45.43% 28.37% 26.95% 0.43% -31.67% 31.23% 37.37% 19.03% 50.56% 29.82% 571.62% 319.98% 132.71%Atlas Islamic Stock Fund (01-01-2007) AAML - - 3.56% 1.40% -22.68% 25.14% 43.77% 27.51% 48.67% 21.73% 237.06% 315.17% 130.77%HBL Islamic Stock Fund (09-05-2011) HBLAML - - - - - - 2.50% 16.52% 44.86% 30.67% 126.08% 120.56%JS Islamic Fund (27-12-2002) JSIL 3.66% 36.42% 25.56% -10.03% -43.48% 15.02% 39.48% 25.84% 45.49% 38.43% 263.60% 313.37% 153.44%Meezan Islamic Fund (08-08-2003) AL MEEZAN 39.72% 29.98% 28.79% 0.27% -29.51% 30.88% 38.72% 19.46% 50.76% 29.15% 764.14% 322.25% 132.57%PICIC Islamic Stock Fund (29-05-2014) PICIC AMC - - -
- -
- -
- -
- -
- -
- -
- 0.88% 0.88% N/A
N/A
N/AN/A N/APIML Islamic Equity fund (04-03-2014)
Al-Ameen Shariah Stock Fund (24-12-2006) (Formerly UBL Shariah Stock Fund)PRIMUS -
- -
- 4.58% 4.58%
UBLFML 14.86% 0.81% -18.38% 16.36% 26.41% 17.75% 49.59% 34.36% 229.00% 248.10% 136.67%
Islamic Income
ABL Islamic Income Fund (30-07-2010) ABL AMC - - - - - - 10.19%* 11.01% 9.22% 8.88% 44.32% 32.01%Askari Islamic Income Fund (18-09-2009) AIM - - - - - 22.80%* 12.24% 12.09% 8.74% 7.93% 73.95% 73.95% 31.56%Atlas Islamic Income Fund (18-10-2008) AAML - - - - 11.50%* 9.22% 9.90% 10.11% 8.65% 8.22% 68.09% 55.41% 29.47%Faysal Islamic Savings Growth Fund (14-06-2010) FAML - - - - - 9.91%* 10.33% 11.24% 8.28% 7.65% 43.61% 43.61% 29.67%IGI Islamic Income Fund (03-12-2009) AGIM - - - - - 9.03%* 10.20% 9.70% 7.31% 6.01% 9.77% 9.39% 6.90%JS Islamic Government Securities Fund JSIL - - - - - - - - 6.51% 8.80% 9.25%MCB Islamic Income Fund (19-06-2011) MCBAHSIL - - - - - - 8.40%* 10.40% 8.91% 8.36% 30.63% 30.30%Meezan Islamic Income Fund (15-01-2007) AL MEEZAN - - 9.93%* 9.15% 10.15% 7.31% 11.77% 7.79% 14.45% 11.90% 108.08% 65.62% 38.08%Meezan Sovereign Fund (10-02-2010) AL MEEZAN - - - - - 9.49%* 11.45% 11.15% 9.12% 8.50% 52.04% 52.04% 31.62%NAFA Riba Free Savings Fund (21-08-2010) NAFA - - - - - - 10.39%* 10.83% 8.72% 7.82% 41.52% 29.91%Pak Oman Advantage Islamic Income Fund (30-10-2008) POAMCL
PICICAMC- - - - 15.83%* 3.56% 9.19% 11.18% 6.91% 3.43% 53.66% 39.01% 22.93%
PICIC Islamic Income Fund (29-05-2014) - - - - - - - - - 0.81% 0.81% N/AN/A
N/A
N/A N/AN/AN/A
N/AAl-Ameen Islamic Sovereign Fund (07-11-2010)1 (Formerly UBL Islamic Sovereign Fund) UBLFML - - - - - - 11.83z%* 11.37% 9.09% 8.78% 30.75% 32.16%
Islamic Money Market
HBL Islamic Money Market Fund (09-05-2011) HBLAML - - - - - - 10.46%* 10.33% 8.45% 6.86% 29.98% 28.11%Meezan Cash Fund (15-06-2009) AL MEEZAN - - - - 8.08%* 10.10% 11.02% 10.71% 8.07% 7.07% 58.13% 58.13% 28.95%Al-Ameen Islamic Cash Fund (19-09-2012) (Formerly UBL Islamic Cash Fund) UBLFML - - - - - - - - 6.71% 6.56% 12.04%PIML Islamic Money Market Fund (04-03-2014) PRIMUS - - - - - - - - - 5.46% 5.46%
Islamic Aggressive Income
KASB Islamic Income Opportunity Fund (07-06-2008) KFL - - - 8.95%* 7.17% 4.38% -3.09% 8.57% 9.48% 9.20% 41.78% 31.30% 29.80%NAFA Islamic Aggressive Income Fund (29-10-2007) NAFA - - - 8.30%* -4.41% -4.87% 9.04% 19.07% 6.80% 13.65% 51.28% 49.91% 44.53%Al-Ameen Islamic Income Fund (20-10-2007) (Formerly United Islamic Income fund) UBLFML - - - 9.18%* 3.30% 3.78% -4.00% 6.14% 6.91% 14.36% 42.08% 29.28% 29.76%
Islamic Asset Allocation
Al Ameen Islamic Asset Allocation Fund (Formerly: UBL Islamic Asset Allocation Fund) - - - - - - - - - 5.26% 5.26% N/A N/AAlfalah GHP Islamic Fund (04-09-2007) AGIM - - - 5.35% 8.63% 17.95% 10.15% 12.18% 36.25% 18.42% 169.08% 99.36% 61.35%Askari Islamic Asset Allocation Fund (18-09-2009) AIM - - - - - 12.90% 11.77% 10.30% 30.80% 12.53% 104.87% 104.87% 62.35%NAFA Islamic Multi Asset Fund (Formerly NAFA Islamic Asset Allocation Fund) (29-10-2007) NAFA - - - -4.64% -10.09% 17.46% 28.44% 13.26% 36.29% 22.23% 144.05% 184.65% 88.68%Pak Oman Islamic Asset Allocation Fund (30-10-2008) POAMCL - - - - 10.84% 3.03% 22.73% 11.79% 20.39% 17.32% 121.31% 99.67% 57.90%Pakistan Int'l Element Islamic Fund (02-05-2006) MCBAHSIL - -4.54% 23.38% 3.43% -15.87% 7.38% 15.08% 15.64% 28.41% 18.86% 122.63% 117.22% 76.48%
Islamic Balanced
First Habib Islamic Balanced Fund (9-11-2012) HAML - - - - - - - - 11.36% 12.34% 25.10% N/A N/AMeezan Balanced Fund (20-12-2004) AL MEEZAN 2.20% 34.74% 25.41% 1.33% -10.79% 22.73% 25.37% 16.81% 31.75% 19.66% 342.59% 183.61% 84.24%
Fund Name AMC Name 2005 2006 2007 2008 2009 2010 2011 2012 2013 201410 years (or since
inception for lesser period)
5 years 3 years
* Annualized
N/AN/A
N/A
N/A
61
Ten years at a Glance - Returns
Islamic Capital Protected
Meezan Capital Protected Fund II (07-07-2011)NAFA Islamic Principal Protected Fund I (06-03-2014)NAFA Islamic Principal Protected Fund II (30-06-2014)
Islamic Fund of Funds
ABL Islamic Principal Preservation Fund (24-12-2013) ABL AMCABL Islamic Principal Preservation Fund II (31-03-2014) ABL AMCAl Ameen Islamic Principal Preservation Fund I (Formerly: UBL Islamic Principal PreservationFund) (27-04-2013) UBLFMLAl Ameen Islamic Principal Preservation Fund II (Formerly: UBL Islamic Principal PreservationFund) (07-11-2013) UBLFMLAl Ameen Islamic Principal Preservation Fund III (20-06-2014) UBLFMLMeezan Financial Planning Fund of Funds (Aggressive) (12-04-2013) AL MEEZAN
AL MEEZAN
Meezan Financial Planning Fund of Funds (Conservative) (12-04-2013) AL MEEZANMeezan Financial Planning Fund of Funds (Moderate) (12-04-2013) AL MEEZANMeezan Capital Preservation Fund II (28-06-2014) AL MEEZANMeezan Capital Preservation Fund III (31-01-2014) AL MEEZAN
Islamic Index Tracker
KSE Meezan Index Fund (28-05-2012) AL MEEZAN
Conventional Pension Schemes
Atlas Pension Fund (27-06-2007) AAML Equity Debt Money Market GoldHBL Pension Fund (15-12-2011) HBLAMC Equity Debt Money MarketJS Pension Savings Fund (25-06-2007) JSIL Equity Debt Money MarketPakistan Pension Fund (29-06-2007) MCBAHSIL Equity Debt Money MarketUBL Retirement Savings Fund (19-05-2010) UBLFML Equity Debt Money Market GoldNAFA Pension Fund (02-07-2013) NAFA Equity Debt Money Market
Fund Name AMC Name
13.52% 15.21% 12.11% 46.60%46.60%2.63% 2.63% N/A
N/AN/A
0.12% 0.12% N/A N/A
- - 5.82% 5.82% N/A N/A- -
- -
---
2.79%
22.20%
14.15%
9.45%
2.79% N/A N/A
N/AN/A N/A
N/AN/A N/A- - - - - - - - - 1.22% 1.22% N/A N/A- - - - - - - - 8.96% 22.10% 33.06% N/A N/A- 3.72% 12.61% 16.84% N/A N/A- 6.50% 17.33% 24.97% N/A N/A- - 0.02% 0.02% N/A N/A-
- - - - - - - - - - - - - - -
- - - - - - - - - - - - - -
- - -
- - - - - - - - - - - - - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - - - - - - - - - - - - - - - -
- 5.62% 5.62% N/A N/A
- - - - - - - -2.34% 49.64% 26.49% 84.83% N/A 84.83%
- - 0.02% 0.94% -17.31% 20.71% 29.73% 16.72% 52.48% 35.30% 214.79% 277.09% 140.79%- - 2.43%* 7.54% 9.07% 8.98% 9.64% 10.16% 8.47% 7.83% 80.61% 53.95% 28.84%- - 2.43%* 7.28% 9.91% 9.51% 10.80% 10.35% 8.15% 7.59% 83.75% 55.81% 28.41%
0.05% 5.98% 5.98% N/A N/A
- - - - - - - 22.44% 45.43% 25.56% 123.57% 123.57%- - - - - - - 8.05%* 8.91% 7.44% 22.54% N/A 22.54%- - - - - - - 8.36%* 7.92% 7.13% 21.28% N/A 21.28%
- - - -6.01% -34.49% 19.67% 28.65% 17.09% 78.21% 61.51% 219.50% 418.87% 237.03%- - - 5.08% 17.02% 5.88% 11.39% 11.15% 11.42% 4.36% 87.43% 52.43% 29.24%- - - 5.07% 11.36% -7.25% 11.36% 10.72% 11.34% 6.91% 59.27% 36.12% 31.79%
- - 0.02% -8.38% -31.21% 30.93% 23.18% 15.06% 55.71% 49.60% 172.49% 332.25% 168.01%- - 2.43%* -1.96% 13.09% 9.72% 10.28% 10.91% 10.08% 7.16% 75.56% 58.30% 30.83%- - 2.43%* 6.40% 8.86% 9.84% 10.63% 10.32% 8.17% 7.20% 80.10% 55.46% 27.93%
- - - - - -0.77% 26.50% 11.56% 66.42% 39.90% 226.04% 226.04% 159.73%- - - - - 5.60% 11.25% 10.87% 9.90% 7.80% 47.07% 47.07% 31.35%- - - - - 6.70% 10.85% 10.35% 8.52% 7.19% 43.39% 43.39% 28.36%
3.18% 3.18% N/A N/A
39.04% 39.04% N/A N/A8.19% 8.15% N/A N/A7.59% 7.55% N/A N/A
2005 2006 2007 2008 2009 2010 2011 2012 2013 201410 years (or since
inception for lesser period
5 years 3 years
* Annualized
- - - - - - - NAFANAFA
Shariah Compliant Pension Schemes
Atlas Pension Islamic Fund (15-09-2007)1 Islamic Equity Islamic Debt Islamic Money MarketHBL islamic Pension Fund (15-12-2011) Islamic Equity Islamic Debt Islamic Money MarketJS Islamic Pension Savings Fund (17-03-2008) Islamic Equity Islamic Debt Islamic Money MarketMeezan Tahaffuz Pension Fund (28-06-2007) Equity Debt Money MarketPakistan Islamic Pension Fund (15-11-2007)2 Islamic Equity Islamic Debt Islamic Money MarketUBL Islamic Retirement Savings Fund (19-05-2010)2 Islamic Equity Islamic Debt Islamic Money Market
NAFA Islamic Pension Fund (02-07-2013)
AAML
HBLAMC
JSIL
AL MEEZAN
MCBAHSIL
UBLFML
NAFA Equity Debt Money Market
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
0.14%45.63*%25.55*%
- - -
- - -
- - -
-1.14%6.59%*6.48%*
- - -
0.49%*12.77%*12.77%*
3.10%8.30%7.70%
-5.70%6.01%*4.91%*
- - -
- - -
-1.88%10.37%11.00%
- - -
-9.59%11.15%
6.21%
-25.80%10.20%11.10%
-22.58%7.50%6.00%
- - -
- - -
22.88%9.79%9.21%
- - -
19.15%8.86%5.60%
31.50%8.50%8.50%
23.04%11.53%
7.67%
-1.32%4.78%1.65%
- - -
39.45%5.75%9.79%
- - -
40.70%12.39%
7.74%
36.01%10.87%10.73%
21.31%8.83%6.37%
31.55%8.85%7.66%
- - -
30.05%6.98%9.61%
19.93%6.95%*7.91%*
18.29%10.03%
9.68%
16.79%9.49%
10.97%
24.72%8.43%8.36%
14.20%9.81%8.89%
- - -
49.02%7.79%7.12%
50.30%8.67%7.70%
55.70%7.86%6.56%
53.95%8.21%7.71%
41.84%6.82%7.70%
55.55%8.13%7.79%
- - -
24.88%8.04%7.67%
44.41%7.04%6.08%
49.02%6.76%6.64%
32.45%7.74%7.67%
42.10%8.22%6.86%
41.13%7.48%6.56%
36.31%8.19%7.53%
302.26%68.04%76.90%
160.29%21.06%19.53%
318.04%73.14%51.36%
228.52%83.49%76.90%
173.92%70.07%
0.00%
225.45%39.68%34.91%
36.31%8.15%7.49%
314.70%44.70%51.60%
N/AN/AN/A
360.14%55.02%41.82%
329.18%53.76%51.60%
275.18%52.16%42.84%
225.45%39.68%34.91%
N/AN/AN/A
142.02%24.59%26.43%
160.29%21.06%19.53%
174.47%26.70%24.65%
139.64%27.71%26.43%
151.37%25.36%24.72%
150.71%27.62%25.08%
N/AN/AN/A
� �
Funds Launched/Discontinued during Financial Year 2014� � � � � � � � � � � � �� � � � � � � � � � � � � � � � � � � � � � � � � � � �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
K 7 = , & / 3 9 : / : ; . 8 0 = 1 < 16 . 3( ( $ 4 . C $ ( ) + ' $ + < . . / B 0 ' : < 1 C + 0 0 . 6 + ' ' 2 C : M 2 /[ \ ] ^ _ ` ^ a b c d e f g a h _ i j k g g ` l k a a ] j h m ] n o B 0 ' : < 1 C + 0 0 . 6 + ' ' 2 C : M 2 /� � � � p � q � r � �� � � � ! s � " � � � � � � � � � � � � � � � � � � � �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
Jun$ ( Q E : L . t : @ 9 & 6 & : ' , & / 3 E : L . t : @ 9 & 6 & : ' , & / 3 > ? & 16 @) O $ % & / $ ( Q + 0 1 : / E 6 2 C A , & / 3 E : L . t : @ 9 & 6 & : ' , & / 3 > ? & 16 @( D $ + & ; $ ( Q 9 . . T : / I : G 16 : ' - 8 2 6 . C 6 . 3 , & / 3 B B + ' < . . T : / B / N . 0 6 < . / 6 9 : / : ; . < . / 6 = 1 < 16 . 3 I : G 16 : ' - 8 2 6 . C 6 . 3
u v
Number of AMCs and Funds
w x x y w x x z w x x { w x x | w x x } w x ~ x w x ~ ~ w x ~ w w x ~ � w x ~ �} { � ~ � � ~ x { � � ~ w ~ y � � w z } ~ � } � ~ y { z x � } y � z � � ~ } y { ~ � w � x { ~ � � y w | | � } x } ~ x } � � � y~ ~ � } } y w � � z ~ z | y � � { � ~ x y � { ~ � y z � � x � � } � x | y � } � } y � | { � z w x y z � � � | z � � � � z� � � ~ ~ � � � w | w � w � x y x { { � � ~ w ~ y x � y x } ~ w � � � ~ | ~ ~ { � � | y� � � } | z w { � | { } � y � { | ~ w � � ~ � � ~ � � x ~ } } � � � x { � | z w ~ x � ~ � x ~ w � � � y~ � ~ � � x } } w � � � { � � { � � ~ � { } x ~ � y y w w � w { { � � ~ � z � � w } x z � � x z} � w } ~ | � } | ~ ~ ~ � { � { ~ z � } { | | � � � � z � � � } � � | � ~ � � ~ � { � � x } w � � { � ~� � w � { w y z � � ~ z { � � } ~ | � y y ~ � � � z | | y � z x y �~ � x � x �y w { | w ~ { } ~ ~ � | � � ~ � x x x ~ � ~ | w ~ � w w � ~ � w } ~ ~ � ~ } x w � � � {� } } | ~ � � } � y � � � ~ } w w � � { � � � � � ~ y � ~ }� � z w � z � x } � { � � w { } � � � w y � z { y z � x x y { � x w { | � ~ x � ~ � � ~ ~ z w � � � z �� � � � ~ z w z � z ~ | y � | z | z � ~ � w w x � | | | w } � } � � � z � � ~ � � z � { | �� � � � z w � y � w w � z � � y � { � { z w { � x | | y � ~ | }� � � w � � | y ~ � } | { ~ � ~ y { { w y z | | ~ � ~ { | w � w y �� ~ � � { | ~ � x { � ~ � | � w ~ � y w x ~ � ~ } z ~ � w z � ~ � ~ w x | { x ~ � ~ ~ z~ � � � { ~ � y ~ � w � y z � � � � � x w � y x ~ w � ~ | } w � w } x w � � � � � � { { w z � } y y� � � y { } y | w z � { { w � � � � ~ � � x � w � } { wz } } ~ w � � z x� � � � � � � w | } } x ~ ~ � ~ { z� � � w x � x y � � } y { ~ z y y ~ � ~ x ~ ~ � | z y � � w z �� � � � z z y � x { w } } x � ~ � z � x w � } y { � � } ~ w� � � � � �� � � � � �� � � � � � � � � � �� � � � � � � � � � � � � � � �� � � � � � � � � � � � � �� � � � � � � �� � � � � � � � � � � � � � � �� � � � � � � � � �� � � � � � � � � � �� � � � ¡ � � � � � �� � � � � � � � � � � � �� � � � � � � � � � � � �� � � � � � � � � � � � � � � � � �� � � � � � � � � � � � � � � � � � � � � � �� � � � � � � � � � � � � � � � � � � � �� � � � � � � � � � � � � � �� � � � � � � � � � � � � � � � � � � � � � �� � � � � � � � � � � � � � � � � �� � � � � � � � � � � ¡ � � � � � �� � � � � � �� � � � � � � � � � � � � �¢ £ ¢ ¤ ¥ ¦ § ¨ © ª ¨ « ¦ ¨ ¬ © « ¬ ® ª ¦ © § ¯ ¦ ® ® ¨ © § § ¦ § © ® ¯ ª § ª ª © ª ° § ¨ ª © « ¨ « ® ª © ¨ ® ® ¯ ¦ © ¯ ¬ ª ° ¦ ¯ © ¦ ¯ ª
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Assets Under Management for Open-End Funds
ú û û ü ú û û ý ú û û þ ú û û ÿ ú û û � ú û � û ú û � � ú û � ú ú û � � ú û � �ÿ þ � ú � ÿ � � ý � � û û ú � ÿ � � � û ú ÿ þ � ÿ þ û � ü � � û ý ý � ý ÿ � û û � ú ú � � � � ý � ü � � � û � � � ú � þ û ú � ÿ ý � ü ý ÿ� � � ý � � � � ú � � � � û ÿ � � ú � û � � ÿ ÿ ú � � � þ � ú � ý û � � � þ � ý � � � � ÿ � � � ú �ú � � ý � � � � � ú ý � � � � � û � � ú � � þ � � ü ü � ú � � � � ý ÿ � � ú � � � � � � � � û � � � û � ÿ ÿ � � þ � ü � �� � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � �� � � � � � � � � ! " � # � � $ $ " � � � � � ú � � � ý þ ÿ � � û ü � � � � � � � � ÿ � ü �� ü û � û û û ��ü û � û û û� û û � û û û� ü û � û û ûú û û � û û ûú ü û � û û û� û û � û û û� ü û � û û û� û û � û û û� ü û � û û û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Ñ Ò Ò Ó Ñ Ò Ò Ô Ñ Ò Ò Õ Ñ Ò Ò Ö Ñ Ò Ò × Ñ Ò Ø Ò Ñ Ò Ø Ø Ñ Ò Ø Ñ Ñ Ò Ø Ù Ñ Ò Ø ÚÛ Ü Ý Þß à Ù Ñ á Ò × Ò Ù Ô á Ù Ø Ñ Ú Ø á Ú Ó Ö Ù Ó á Ó Ñ × Ñ Ñ á Ø × Ñ Ñ Ú á Ò Ú Ñ Ø × á Ø Ó Õ Ø × á Ø Ò Ñ Ø × á Ö Ò Ñ Ñ Ò á Ñ × Òâ ã ä å æ ç è è Ø á Ò Ñ Õ Ø á Ø Ø Ó Ø á Ò Ö Ú Ø á Ø Ø Ø Ø á Ø Ñ Ó Ø á Ø Ú Ñ Ø á Ø Ñ Ó Ø á Ø Ñ Õé ê ëê ã ä ç ì Ñ á Ø Ñ Ô Ñ á Ú Ò Õ Ú á Ñ Ö Õ Ú á Ô Ñ Ó Ø á Ñ Ú Ù Ø á Ø Ô Ù Ø á Ù Ø Ô Ø á Ñ Ö Ô × Ú Ñ èí ê î Þß ê ë ï ð å ß ç ä ß ç ì è è Ø Ò Ö Ø á Ù × Õ Ø á Ñ × Õ Ø á Ú Ò Ú è è è èñ Ý ã ì å ò ñ Ý ã ì ó Ó Ñ Õ Ô Ñ × Ô Ú Ô Ó × Ñ Ñ Ö Ù Ù Ú Ó Ú Ù Ó Ú Ñ Ú Ó Ú × èâ ã ì ç ô õ ð ê ä ö ç ð è Ö Ò Ö Ø á Ò Ó Ö è è è è è è èâó ëê æ Þä Û Ü Ý Þß à Ø á Ô Õ Ø Ñ á Ò Ñ × Ñ á Ñ Ø × Ø á × Ò Ô Ø á Ø Õ Ú Ø á Ú Ò Ú Ø á Õ Ò Õ è è èâó ëê æ Þä é ê ëê ã ä ç ì Ø á Ù Ú Õ Ø á Ó Ø Ù Ø á Ó × Ö Ø á Ú Ñ Ú Ø á Ø Ú Ù Ø á Ñ Õ Ö Ø á Ó Ñ Ù Ø á Ó Ù Ó Ø á Õ Ú Õ è÷ ø ø ù ú ø û ü ý ù þ ÿ � ü � � ù � ù ü ú � � þ � � � ø ù ý � � ü ý ü ý ø � � � � � � � � � ü ø �
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Mutual Fund Returns � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � �� � � � � � � � � ! " # � $ % % � & ' & � ( � � ' � � ' � � ( % & � � ( % � & & � � ! ' ! % � ( ( � # � ( $ � $ � & & � ' � � # & � $ � # " � ' � � # ! � $ ! ' " � ( ' � ( � $ & ' � � ( ' ' & � & ( ' $ � ! & � � # ! � ' ( � & & � ( � ' % � ! � " & � " � ( � " ! � ! % ' " � $ � � � ( � ! $ # � & $ " � " � $ � ' ' # � $ � " � ' $ � � � " & � � � � � � � � � � � � � � $ � � ( � � � � " % � & % ' $ � % % ( " � & " � ( � � � � " $ � # ' � & � $ ! ' % � � ( # � � ' % ! � ( ' ( $ � " ( � ! � ! ( � $ � � " � � � & ' � ' % � ! # � " � # # " � � $ � � ( � ! # " % � # " # � # " # � " � � � � & " � � � ! ' # � $ $ & � ( " # � ( ( � � � � ' � � � � & # � $ " # � " ' � � � % ' ( � � � � � � % � ! % � ( ' � � ! ' # � $ # ' ' � ( % $ � " " ( ( � $ & " % � " $ � � � ' � ( ' � � # ! � � � � � � " % � � � � # $ � & � � ' � # ! � � ( � % ( ' " � " & % � ( # � ' � & $ � � � ' ( � " � & ' & � " � " � � & � � ! � � � � � � ( � & ! � � � � $ � � % � � � � ! � & ' ' $ � � $ � ! � ' ( ' % � � � ' & � ' % � � � � � � % ( � � $ % � ( � � $ � ( � � ' � " � % ' � � � ( % " � ! & ' & � � % " � � " % ' % � ! & � � � $ ( � ' # � # % ' # � ' % " $ � ' " � # � # $ ( $ � # ( ' & � $ ' � � � � � � � � ! � ' ! ! � � & � � # � # " # � � ( # � � " & � � $ � � � � & � � � # & # � " $ & � $ ( � � � � � � � � ' � " ( ( # � ! ( ' ! � ( # � � � � & � � & � � � � � � � � # & � � � ! # & � � ! & � $ � ) * * + , - - . / , 0 1 2 3 4 ,) - - , 5 ) 6 6 3 2 7 8 3 19 7 6 7 1 2 , :; 7 < . 5 7 6 = + 3 5 , 2 5 , :; 3 4 4 3 : . 5 >? @ A . 5 >B A 1 : 3 C B A 1 : -0 1 2 3 4 ,0 1 : , D E + 7 2 F , +0 - 6 7 4 . 2 ) * * + , - - . / , 0 1 2 3 4 ,0 - 6 7 4 . 2 ) - - , 5 ) 6 6 3 2 7 8 3 10 - 6 7 4 . 2 9 7 6 7 1 2 , :0 - 6 7 4 . 2 ; 7 < . 5 7 6 = + 3 5 , 2 5 , :0 - 6 7 4 . 2 ? @ A . 5 >0 - 6 7 4 . 2 B A 1 : 3 C B A 1 : -0 - 6 7 4 . 2 0 1 2 3 4 ,0 - 6 7 4 . 2 0 1 : , D E + 7 2 F , +0 - 6 7 4 . 2 G 3 1 , > G 7 + F , 5G 3 1 , > G 7 + F , 5 � � � & � ( & � � � % � � � � ! " � � � & % � � � � ! # � � % & � � &
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7 8 8 9 7 8 8 : 7 8 8 ; 7 8 8 < 7 8 8 = 7 8 > 8 7 8 > > 7 8 > 7 7 8 > ? 7 8 > @A B C D E F < ? ; � @ G @ = = � = G ; 8 9 ? G 9 @ < � > 7 ? � � ? G ; < ? � � ? : 8 � � ? @ < � � > 8 G = = < � � @ G = > 7 �H I J K L M 7 G 8 8 > > > G 9 ? ? 9 9 G 8 > 8 > 7 G 7 < ; � ? < G > > 9 � � > 8 G > 9 > � � > 8 G @ : < � @ @ G 8 8 9 � > ? @ G @ > : � � ? : 9 �N K I M F N O P Q M E R R R > > 7 ? G > 7 = 7 ; G 8 @ ? ? 7 G < = @ : > G 7 9 @ � ? ? G ; : 7 � � > < G < < > �S T T P M U U D V M H I J K L M R ? G : ? 8 7 7 G ; = < 9 G < @ ? � > ? G 8 < > � � > 8 G 9 7 ; � � 9 G ; ; > � � > G 9 @ ? � > G < < @ > G 7 8 ;S U U M E S W W K J O X K I > ? 8 ? G 9 9 8 � 7 G > 7 = � > G ; < ; � > G 8 = 9 � � ; 7 9 � > = > 9 ; 7 9 7 9 > G @ @ <Y O W O I J M Z � ; < < � � 7 G ? < : � � < 8 < � @ G = 9 ; � 7 G 8 : > � � 7 G = ; 9 � � > G ; 9 ? � � < = > � � : ; 8 � > @ @[ O \ D E O W ] P K E M J E M Z R R 7 G : 7 > 7 G @ ; @ < 8 8 ? ; > � ? G 9 : 8 � � 9 ? 7 � � > G > ; ? � � : @ > �[ K L L K Z D E F > ; > > ? @^ C I Z K _ ^ C I Z U R > < ? � ; 7 � > G > 7 > � 7 8 = � 7 ? � 7 ; 7 � � = > � � @ > ? � > G 7 ? >H I Z M ` a P O J Q M P R > = > 9 < � : < @ � > ? � > = 8 � ; < � 9 : � � 7 < � � ; �H U W O L D J A B C D E F ? ; 9 7 : < � ; > � 7 G @ ; 8 � : < @ � � > G 7 > = � � < ; 7 � � ? 9 � > G < ? 7 @ G = < 8H U W O L D J H I J K L M R R ? G 8 = > ? G 8 8 ; � > G 8 : < � � ? ? = � > ? G 9 < 9 ; G > 8 @ ? G ; @ = � > 8 > �H U W O L D J N K I M F N O P Q M E R R R R : 7 7 @ G 7 < 7 > G ? > @ = : < � > G ? 9 ? � � 7 G ? ? > �H U W O L D J S T T P M U U D V M H I J K L M R R R > G ; ? @ � ? ; : � � : 8 < � � 9 9 < � � 7 8 � 7 7 < = 7 :H U W O L D J S U U M E S W W K J O X K I R > G @ @ @ � ? 8 : � = ? � > ; 9 � � ? @ 7 � � > 7 7 � � > 8 = � � > : 7 � 7 < ;H U W O L D J Y O W O I J M Z R R < 9 < = < 9 � 7 @ = � � : < ; � � ? > ; � ; ; > 9 7 G 9 7 :H U W O L D J [ O \ D E O W ] P K E M J E M Z R R R 9 < > � > � � 7 : � � ? � ? = > ; 9 < 7 G ? 7 ;H U W O L D J ^ C I Z K _ ^ C I Z U : ; @ > 8 G @ 8 :H U W O L D J H I Z M ` a P O J Q M P R R R R R R R 7 = 9 @ @ @ @ :] M I U D K I R R = 8 > = : @ : < ? ? 8 ? : : @ = : < : >H U W O L D J ] M I U D K I R R R @ : < 9 : ? ; : 9 9 > @ < @ ; > G 7 > @a b a S c 7 G 9 9 : > ? G = > @ = 8 G < @ @ @ 8 G = ; = � 9 7 G 9 ; > � 7 : ; 7 @ G > 8 > > > > G < 9 8 � > ; 8 G : 9 7 � @ = =� � � � � � � � � � � � � � � � � � � � �
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