Investment Portfolio
(Sir Hamza)
Mubashar sharif
(2008-ag-152)
umer shahzad
(2008-ag-204)
UNIVERSITY OF AGRICULTURE
FAISALABAD
PAKISTAN
Company Name
Arif Habib Mutual Fund
Company Profile
Arif Habib Investments Limited is an
Asset Management Company managing
both open and closed-end mutual funds.
The company is registered with the
(SECP) and regulated under the (NBFC)
Rules 2003.
Company Profile
Arif Habib Investments Limited manages about
Rs. 12.137 billion in 12 mutual funds as of 30th
April 2009.
Arif Habib Securities Ltd (the parent company)
has received the KSE's Top 25 Companies
Award for the past 6 consecutive years. Arif
Habib’s closed-end fund the Pakistan Premier
Fund Limited (PPFL) was also placed in KSE’s
top 25 companies in 2005 and 2006.
Company Profile
Arif Habib Investments Limited is an industry
leader, setting international standards and
bringing innovative products to market. This is
one of the fastest growing asset management
companies in the country, with 9 open-end and 3
closed-end mutual funds.
Arif Habib Investments Limited is part of the Arif
Habib Group, with Arif Habib Securities Limited
(AHSL) as its main shareholder. AHSL is a
listed company with a capital and reserve base
in excess of Rs. 15.008 billion (as of 31st
December 2008).
Company Profile
The current Ratings of AHIL by PACRA are:
Entity Rating: A+
Asset Manager Rating: AM2
Milestones of AHIL
In March 2002 two of its flagship funds: PSM
and PIF were launched. In 2004 these funds
received the ‘Performance Excellence Award-
2004’ presented by “MUFAP”.
Pakistan International Element Islamic Fund
(PIIF) of Arif Habib Investments Limited is the
first mutual fund in the country with permission
from the State Bank of Pakistan to also invest
overseas.
Types of Mutual Fund
Open- Ended Fund
Close-Ended Fund
Open Ended Fund :
An open-ended fund
operated by an investment company which
raises money from shareholders and
invests in a group of assets, in accordance
with a stated set of objectives.
Investors may purchase units from the fund
sponsor or redeem units at the valuation
promised in the fund documents, usually on a
daily basis.
Closed Ended Fund :
"Closed-ended or "Closed"
mutual funds are traded as financial securities,
once they are issued, and holders must sell their
units on the stock market to receive their funds
back. (Traded on Stock markets)
Mutual Fund of AHIL.
Open-End Funds :
Pak Stock Market Fund
Pak Int. Element Islamic fund
Pak Income Fund
Pak Capital Market Fund
Metro bank-Sovereign Fund
Pak Pension Fund
Mutual Fund of AHIL.
Pak Islamic Pension Fund
Pak Cash Management Fund
Pak Income Enhancement Fund
Close-End Funds :
Pak Premier Fund Ltd.
Pak Strategic Allocation Fund
Pak Capital Protected Fund-1
FUND/COMAPNY TRUSTEE
PSM , PIIF , PIF , PCM , Central Depository
PSAF Company of Pakistan
Limited (CDC)
MSF Habib Metropolitan Bank
Limited
PCPF-1 , PPF , PIPF Muslim Commercial
Financial Services (Pvt.)
Limited
PPFL Deutsche Bank AG.
Open ended Funds
Pakistan Stock Market Fund
Pakistan Stock Market Fund
(PSM)
PSM is an open-end equity fund; investing in
both growth and value stocks listed in Pakistan.
The Fund seeks to achieve long-term capital
appreciation primarily from growth stocks.
Investment allocation between growth and value
stocks, the proportions are approximately 70/30
respectively.
The majority 70% growth segment of the
portfolio is a selection of the most heavily traded
stocks in the market. The remainder of the PSM
is invested in ‘Value’.
Fund Info.
Date of Inception 11th March, 2002.
Fund Type Open-end Equity
Minimum investment Rs. 5,000
Fund Manager Nazia Nauman
Initial Public Offer PKR 50.00
Registrar Gangjees Registrar
Services (Pvt.) Ltd.
Trustee (CDC)
Auditors A.F. Ferguson
Fund Characteristic
PSM KSE-100
Price Earning-2009 7.25 7.50
Beta X 0.77 1.00
Standard Deviation 21.78 26.97
Net Asset/MKT cap. 1.81 2145.96
([Link])
NAV [Link]/KSE-100 46.28 7202.10
Fund Returns (%)
PSM KSE-100 BM
Month On Month 3.53 4.98 2.61
Quarter on Quarter 28.31 33.93 32.56
Since Inception 416.35 284.58 -
Fund Objective
The objective of the fund is provide investors long term
capital appreciation from its investment in Pakistan
equity.
Performance Graph
PSM Overall Asset Allocation
(April, 09)
Top five Holdings
FFC. Co. Ltd 9.6%
Oil & Gas Co. 8.1%
Packages Ltd. 6.2%
UBL 4.8%
Pak. tel. Co. Ltd 3.9%
Fee Schedule
Management fee: 2.00% per annum
Front-end load: Up to 2%,
Financial Year Expense Ratio
2001-02 5.5 %
2002-03 3.5
2003-04 4.8
2004-05 3.84
2005-06 4.05
2006-07 3.27
2007-08 2.64
PSM Assets
Financial Year PMS Assets Funds under Mgt
([Link]) ([Link])
2001-02 322.97 633
2002-03 783.99 3372.59
2003-04 1051.64 8211.85
2004-05 2712.98 14453.25
2005-06 3617.73 19709.01
2006-07 3245.58 23184.34
2007-08 3350.62 18426.73
Dividend History
Financial Year % of Face Value Payout /unit (Rs.) Form
2007-08 20.22 17 Bonus
2006-07 50 25 Bonus
2005-06 60 30 Bonus
2004-05 50 25 Bonus
2004-05 20 10 Cash
2003-04 60 30 Bonus
2002-03 40 20 Bonus
2001-02 2.69 1.35
Bonus
Pakistan Pension Fund (Open End)
Pakistan Pension Fund (PPF)
PPF constituted under the voluntary pension
system Rules 2005 is a savings cum –
investment scheme with customized investment
choices.
The investor has a choice between various
allocation schemes, that PPF offers each of
which is invested in different proportion in the
three sub funds i. e. Equity; Debt and Money
market.
Fund Info.
Date of Inception 29 June, 2007.
Fund Type Voluntary Pension
Scheme
Minimum investment Rs. 1,000
Fund Manager Usman Mehmood
Initial Public Offer PKR 100
Registrar Gangjees Registrar
Services (Pvt.) Ltd.
Trustee Muslim Commercial
Financial Service
Auditors A.F. Ferguson & Co.
Fund Characteristic
PPF-Equity KSE-100
Price Earning 6.19 7.50
Beta X 0.81 1.00
Standard Deviation 23.96 28.42
Fund Objective
The objective of the fund is provide flexible retirement
saving plans for individuals with customized investment
choices.
Fund Returns (%)
PPF-EQ PPF-DT PPF-MM
Month On Month 6.20 20.64 3.38
(%)
Quarter on Quarter 31.68 32.73 4.00
Since Inception -37.48 4.17 7.18
NAV (Rs. Per Unit) 62.52 107.79 113.58
Performance Graph
Top Five Holdings
UBL. 5.5%
Oil & Gas Co. 5.3%
FFC. Ltd. 5.1%
ABL. 5.1%
Pak. Petroleum 4.9%
Ltd.
Fee Schedule
Management fee: 1.5% per annum
Front-end load: Up to 3% of NAV.
Financial Year Expense Ratio
2007-08 2.39%
PPF Assets
Financial Year PPF Assets Funds under Mgt
([Link]) ([Link])
2007-08 PPF-EQ 32.026 18426.75
2007-08 PPF-DT 35.29 18426.75
2007-08 PPF-MM 33.71 18426.75
Close ended Funds
Pakistan Premier Fund
Pakistan Premier Fund Ltd.
(PPFL)
PPFL mainly investing in both value and growth
stocks in Pakistan.
The shares of the Fund are traded on the stock
exchanges.
Fund Manager does not have the responsibility
to accept investments and redemptions.
The Fund seeks to achieve long-term capital
appreciation primarily through value stocks.
The Fund invests mainly in equity and a small
portion in debt securities such as TFCs.
Fund Info.
Date of Inception 1st Jan, 2003.
Fund Type Close-end Equity
Fund Manager Basharat Ullah
Initial Public Offer PKR 10.00
Registrar THK Associate
(Pvt.) Ltd.
Custodian Deutsche Bank AG.
Auditors A.F. Ferguson
Fund Returns (%)
PPFL
Month On Month 1.54
Quarter on Quarter 22.64
Since Inception 156.46
Performance Graph
Overall Asset Allocation
Fee Schedule
Management fee: 2.00% per annum
Financial Year Expense Ratio
2002-03 2.60 %
2003-04 3.10
2004-05 3.04
2005-06 2.91
2006-07 2.29
2007-08 2.46
PPFL Assets
Financial Year PPFL Assets Funds under Mgt
([Link]) ([Link])
2002-03 650.931 3372.592
2003-04 1221.919 8211.852
2004-05 2207.133 14453.249
2005-06 2576.507 19709.011
2006-07 2910.082 23184.344
2007-08 2414.916 18426.733
Dividend History
Financial Year % of Face Value Payout /unit (Rs.) Form
2007-08 15 1.50 Cash
2006-07 15 1.50 Bonus
2006-07 25 2.50 Cash
2005-06 25 2.50 Cash
2005-06 15 1.50 Cash
2004-05 25 2.50 Bonus
2004-05 15 1.5 Cash
2003-04 50 6.00 Cash
2003-04 25 2.50 Bonus
Pakistan Capital Protected Fund
Pakistan Pension Fund (PPF)
PCPF-1 is a closed-end fund with a minimum
capital of Rs. 200 million with an upper limit of
Rs. 3 billion.
Objective :
PCPF-1 has an objective to pay back investors
their entire initial investment i.e. Rs. 10 per
Certificate over the term of its life the in the form
of dividend or return of capital on its termination.
Investment Risk
An investor who invests in this fund and
holds it till maturity (three years), is
guaranteed a minimum of 100% of his/her
investment amount, returned to him/her.
Fund Info.
Date of Inception 27 July, 2007.
Fund Type Closed-end Debt
Minimum investment Rs. 5,000
Fund Manager [Link] Rehman
Initial Public Offer PKR 10
Registrar THK Associate
(Pvt.) Ltd.
Trustee Deutsche Bank AG
Auditors Ford Rhodes Sidat Co.
Fund Returns (%)
PCPF-1
Month On Month 0.57
(%)
Quarter on Quarter 1.74
Since Inception -5.86
Performance Graph
Asset Allocation
Fee Schedule
Management fee: 2% per annum
Financial Year Expense Ratio
2007-08 3.73%
PCPF-1 Assets
Financial Year PCPF-1 Assets Funds under Mgt
([Link]) ([Link])
2007-08 589.367 18426.73
Dividend History
Financial Year % of Face Value Payout /unit (Rs.) Form
2007-08 6.6 0.66 Bonus