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industry statistics - Mutual Funds Association Of Pakistan

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industry statistics (See Notes to Statistics in Glossary & Notes Section)
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industry statistics(See Notes to Statistics in Glossary & Notes Section)

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 � " � � � � � � � � � � � � � � � � � � � � ! "O # $ % & / $ ( Q + 7 = I : G 16 : ' - 8 2 6 . C 6 . 3 , & / 3 + 7 = + 0 0 . 6 9 : / : ; . < . / 6 I 2 < G : / @ = 1 < 16 . 3 I : G 16 : ' - 8 2 6 . C 6 . 3# J $ + & ; $ ( ) + 6 ' : 0 , & / 3 2 L , & / 3 0 + 6 ' : 0 + 0 0 . 6 9 : / : ; . < . / 6 = 1 < 16 . 3 , & / 3 2 L , & / 3 0# ) $ F C 6 $ ( ) B H B I : G 16 : ' - 8 2 6 . C 6 . 3 , & / 3 + ' L : ' : V H W - B / N . 0 6 < . / 6 9 : / : ; . < . / 6 = 1 < 16 . 3 I : G 16 : ' - 8 2 6 . C 6 . 3O ) $ , . 5 $ ( Q K 7 = - 8 1 / C 1 G : ' - 8 2 6 . C 6 . 3 , & / 3 B K 7 = , & / 3 9 : / : ; . 8 0 = 1 < 16 . 3 I : G 16 : ' - 8 2 6 . C 6 . 3O P $ , . 5 $ ( Q + 7 = H 2 N . 8 < . / 6 E . C & 8 1M . 0 , & / 3 X I ' : 0 0 + Y + 7 = + 0 0 . 6 9 : / : ; . < . / 6 I 2 < G : / @ = 1 < 16 . 3 B / C 2 < .) O $

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

± ² ³ ´ µ ¶ · ³ ¸ ¹ ¹ · ³ ¹ º » ¼ ½ ¾ ¿ µ µ ¿ ² À ¹ Á

Â Ã Ä Å Æ Ç È É Ê Ë Ë Æ Ì Í Î Ï Î Ð Æ Ä Æ Ï Ì Ñ È Ä Ò Î Ï Ó Æ Ë Ô Õ Ï Ö Æ Ë Ì Ä Æ Ï Ì Ê × Ö Ó Ë È Ç Ë Î Ï × Ø Ã Ï × ËÙ Ú Ú Û Ù Ú Ú Ü Ù Ú Ú Ý Ù Ú Ú Þ Ù Ú Ú ß Ù Ú à Ú Ù Ú à à Ù Ú à Ù Ù Ú à á Ù Ú à âã ä å æ ç å æ è é ê æ è ë à ß Ù ß â ß Ü Ý Þ à à Ú Û à à Þ à á á à á Þ à Û áì í î ë å è ç å æ è é ê æ è ë à ß à ß Ù á Ù á Ù à Ù à à Ü à Û ß à âï å æ ë ð î æ é ê æ è ë Ú Ú â Ý Ý ß ß à à à à à áñ ê ò ó å ô î õ ö ÷ ì ë à Ü Ù Ú Ù ß Ù Ü Ù Ý Ù Þ Ù Ü Ù Ý Ù Ü Ù àñ ê ò ó å ô î õ é ê æ è ë á Þ â Þ Ý Ü ß Ý à Ú ß à á Û à â â à Û ß à Û Þ à Ý ÚÚÙ Úâ ÚÜ ÚÞ Úà Ú Úà Ù Úà â Úà Ü Úà Þ ÚÙ Ú Ú

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Assets Under Management for Open-End Funds

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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 > 7 G < 8 > > 9 G > ? < > ; G < 8 > @ 7 G ? > ; > = G 8 8 = > 9 G 9 9 : > @ G ? > < = G > ? > 7 : G @ @ 8 ? 9 G : < 7H I J K L M > 8 G 8 8 8 7 ; G 8 > 7 = 8 G > 8 ? ? 8 ? G 8 > = > ? ? G 7 9 > = < G ? 7 ; 9 > G < > : ; > G ; : < 7 @ > G = 7 : : 7 G 9 8 7N K I M F N O P Q M E R R R ? > G : < ? 9 ; G ; = 8 > 8 7 G ? 9 9 > = ; G > ; ? 7 @ 9 G 8 < ; 7 7 ; G ? > ;S T T P M U U D V M H I J K L M R 9 = 7 7 G 9 @ > = 9 G < @ > @ : G @ @ 7 ? 9 G ; ; ; = G ? 9 = ? G = ? > @ G < < ? 9 G 8 = ;S U U M E S W W K J O X K I R @ G ; 9 > 9 G 8 < > ? G ? > ; > G @ ; > = 7 = : 9 = > G : ? : ? G 8 > 9 @ G : @ @Y O W O I J M Z 7 G 8 < 8 @ G ? > < ? G < ? > : G 9 > = 7 G < = 8 ? G : 8 9 > G = > < > G > > 9 = = 7 < < <[ O \ D E O W ] P K E M J E M Z R R 9 ; > : @ 7 G 7 ; 7 7 G @ = 7 ? G 9 : = > G 7 : ; > G > ; ? : @ >[ K L L K Z D E F : ; > < <^ C I Z K _ ^ C I Z U R ; < ; 7 ? > = : = 9 7 ? : 7 = ? 9 ? 9 9 ; < < 9 ?H I Z M ` a P O J Q M P R R 7 = ? > G ? < ; ; = 7 @ 7 : : > 7 7 > 9 9 7 8H U W O L D J A B C D E F > G > = ; > G ? > 7 > G = 9 @ 7 G @ : = > G : > 9 > G = < @ 7 G 8 ? < 7 G ? ? 9 @ G : 8 < < G 8 8 8H U W O L D J H I J K L M R R = 7 ; > @ G 8 ; > > > G : 8 9 ; G ? : 7 = G > ? ? 7 < G = ; ? ? @ G 7 ? = @ = G @ 8 :H U W O L D J N K I M F N O P Q M E R R R R 9 @ < G < > 7 < G 8 > ? > ? G 7 @ = = G < 8 < > 9 G 8 = <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 @ ; : ? G 7 9 = > G < 8 = : ? ; @ ? < ? > G ? ; :H U W O L D J S U U M E S W W K J O X K I R > 9 @ = 8 8 > G : 8 9 : ? @ ; ? 8 7 7 ; 7 = : @ @ 9 @ 9 ?H U W O L D J Y O W O I J M Z R R @ 9 7 > G 9 7 7 9 8 9 > G 7 > ? @ @ 8 @ 7 7 G > : = @ G : : ;H U W O L D J [ O \ D E O W ] P K E M J E M Z R R R R > 8 7 : ? 9 > 8 = :H U W O L D J ^ C I Z K _ ^ C I Z U > ? : : < <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 > ? > 9 9 8 >] M I U D K I R R R 8 7 > ? ; > > : < ? 7 7 9 9 ? ;H U W O L D J ] M I U D K I R R R 8 ? : @ = ; = > 9 8 9 9 @ > G 8 8 :a b a S c 7 : G 8 ; < 9 7 G < 7 ? > @ @ G 8 > > @ ; : G 8 ? 7 7 7 9 G 9 ? 8 7 ? : G = ; @ 7 8 9 G 8 ? = ? ? > G < 9 @ 9 ; : G = 8 < @ > = G : : 8r s t s u v w x y z { | } r u ~ � � ~ x y z �

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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