NBP ISLAMIC MAHANA AMDANI FUND (NIMAF)

MONTHLY REPORT (MUFAP's Recommended Format) NBP Fund Management Limited

Unit Price (30/06/2023): Rs.10.1057 June 2023
Performance %
CYTD - Since Launch October
Performance Period Jun-2023 FY - 2023 FY - 2022 FY - 2021 FY - 2020 Last 3 Years*
2023 6, 2018*

NBP ISLAMIC MAHANA AMDANI FUND 19.9% 16.5% 15.6% 8.9% 6.5% 11.3% 10.3% 10.4%

BENCHMARK 7.1% 6.7% 6.0% 3.3% 3.6% 6.3% 4.3% 4.7%

* Annualized Return Based on Morning Star Methodology. All other returns are Annualized Simple Return.
The performance reported is net of management fee & all other expenses and based on dividend reinvestment gross of with-holding tax where applicable.

General Information Investment Objective

Launch Date: October 6, 2018 To provide monthly income to investors by investing in Shariah Compliant money
Fund Size: Rs. 8,616 million market and debt avenues.
Type: Open-end – Shari'ah Compliant Income Fund Fund Manager Commentary
Dealing Days: Daily – Monday to Friday The Fund generated an annualized return of 19.9% p.a. during the month versus the
Dealing Time: (Mon - Fri) 9:00 A.M to 5:30 P.M Benchmark return of 7.1% p.a. This reported return is net of management fee and all
Settlement: 2-3 business days other expenses.
Pricing Mechanism: Forward Pricing
Front end Load: Front End Load (Individual with takaful coverage): The Fund aims to provide monthly income to investors by investing in Shariah
Amount up to Rs.5 million: 3%, Compliant money market and debt avenues. Minimum eligible rating is A-, while the
Amount over and above Rs.5 million : 1%. Fund is allowed to invest with Islamic Banks, Islamic branches / windows of
Front end load (Individual under Health Takaful conventional banks providing easy liquidity. The Fund is allowed to invest in Shariah
Plan): Amount up to Rs. 4 million: 3%, Compliant Money Market instruments & debt securities rated A- or better. The Fund is
Amount over and above Rs.4 million: 1%, not authorized to invest in Equities. The weighted average time to maturity of the Fund
Front End (others): 1%, cannot exceed 4 years excluding government securities.
Back end Load: 0%
Around 37% of net assets of the Fund are invested in bank deposits which enhances
the liquidity profile of the Fund. The weighted average time to maturity of the Fund is
Management Fee: 1.5% of Net Income (Min 0.2%, Max 1.5% p.a.) 1.4 years.
w.e.f 12-July-2019 0.30% p.a. of average net
assets during the month We will re-balance the allocation of the Fund proactively based on the capital market
Total Expense Ratio: YTD : 1.60% (including 0.06% government levies) outlook.
MTD : 1.81% (including 0.07% government levies)
Credit Quality of the Portfolio as of June 30 , 2023 (% of Total Assets)

Selling & Marketing Expenses: 1.09% p.a ( w.e.f March 10, 2023) Government Securities (AAA rated) 20.4%
Risk Profile / Risk of principal Medium / Principal at medium risk AAA 2.5%
erosion: AA+ 21.8%
Fund Stability Rating: "A+(f)" by PACRA AA 13.6%
Listing: Pakistan Stock Exchange AA- 15.2%
Custodian & Trustee: Central Depository Company (CDC)
A+ 5.7%
Auditors: A. F. Ferguson & Co. Chartered Accountants
A 14.2%
Benchmark: 6-month average deposit rates of three A rated
Islamic Banks/Islamic windows of conventional Others including Receivables 6.6%
banks as selected by MUFAP Total 100%

Fund Manager: Salman Ahmed, CFA

Name of the Members of Investment Committee
Minimum: Growth Unit: Rs. 10,000/-
Dr. Amjad Waheed, CFA
Subscription: Income Unit: Rs. 100,000/-
Asset Manager Rating: AM1 by PACRA (Very High Quality) Asim Wahab Khan, CFA
Hassan Raza, CFA
Asset Allocation (% of Total Assets) 30-Jun-23 31-May-23
Salman Ahmed, CFA
Placement with Banks and DFIs (Islamic) 13.5% 10.7%
Usama Bin Razi
GOP Ijara Sukuk 7.4% 7.0%
Dispute Resolution / Complaint Handling
Government backed security 13.0% 12.3%
Complaint Service : [Link]/contact-us/investor-relations
Sukuk 15.4% 14.6%
SECP’s Service Desk Management System: [Link]
Certificate of Musharika (COM) 8.3% 7.8%
Bank Deposits 35.8% 43.2%
Others including Receivables 6.6% 4.4%
Total 100.0% 100.0%
Leverage Nil Nil

Top Sukuk (as at June 30 , 2023) (% of Total Assets)

PakEnergy Suk-2 21-MAY-20 20-MAY-30 13.0%
GOPIS-02 5y 29-MAY-20 29-MAY-25 6.7%
Hub Power Holding Limited 12-NOV-20 12-NOV-25 5.7%
KE Suk 03-AUG-20 03-AUG-27 4.1%
HUBCO Rev 19-MAR-20 19-MAR-24 3.7%
Meezan 16-DEC-21 16-DEC-31 1.9%
GOPIS 1y FRR 17-APR-23 17-APR-24 0.7%

Notes: 1) The calculation of performance does not include cost of front end load.
2) Taxes apply.

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 Document to understand investment policies and the risks involved. NBP Fund
Management Limited or any of its sales representative cannot guarantee preservation / protection of capital and / or expected returns / profit on investments. The use of the name and logo of National
Bank of Pakistan does not mean that it is responsible for the liabilities/ obligations of the Company (NBP Fund Management Limited) or any investment scheme managed by it.
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