Date: 16‐02‐2017

Money Market Funds

Money Market FundsAHI Pakistan Cash Fund (AHI PCF)

Investing Safely

Key BenefitsShort term instrument with low

NAFA Government Security Liquid FundUBL Liquidity Plus Fund (UBL LPF)KASB Cash Fund (KASB CF)MCB Cash Optimizer Fund (CMOP)Askari Sovereign FundBMA Empress Cash Fund (BMA CF)ATLAS Money Market Fund (ATLAS MMF)Lakson Money Market Fund (Lakson MMF)

risk.Daily access to cash and dailyflexibility of investment.More competitive returnscompared to bank deposits.Tax benefits.

Alfalah Cash Fund (ALGHP CF)JS Cash Fund (JS CF)

AHI PCF NAFA GSLF UBL LPF MCB 

CMOP ASKARI SCF BMA ECF Atlas MMF

LaksonMMF

ALGHP CF JS CF

AMC Rating AM2++ AM2++ AM2++ AM2++ AM3++ AM3 AM2 AM2 AM2 AM2Fund Rating AAA(f) AAA (f) AA AA(f) AA+ AA+(F) AA(f)  AA AA(f) AA+(f)Management Fee 0 25 1 1 1 0 75 0 75 0 45 1 1 0 5Management Fee 0.25 1 1 1 0.75 0.75 0.45 1 1 0.5

Return (1M) 5.07 4.95 5.08 4.98 4.89 (8.64) 4.86 4.96 4.49 4.94

Return (6M) 9.60 9.98 7.03 8.14 11.30 4.56 6.60 7.41 8.15 6.17

Fund [Dec‐16] [Dec‐16] [Dec‐16] [Dec‐16] [Dec‐16] [Dec‐16] [Dec‐16] [Dec‐16] [Dec‐16] [Dec‐16]

Cash & Equivalent 99.7 60.6 80 79.4 52.66 101.73 99.5 80 89.3 99.45T‐Bills ‐ 39 1 20 0 2 47 18 ‐ ‐ ‐ ‐ ‐T Bills 39.1 20 0.2 47.18Placements ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐Comm. Papers ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐TDRs ‐ ‐ ‐ 19.6 ‐ ‐ ‐ 22 10.3 ‐PIBs ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐TFCs ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐Government Secs. ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐Other Assets 0.3 0.3 ‐ 0.8 0.16 ‐1.73 0.5 ‐1 0.4 0.55GOP Ijarah ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐

AUM(mn)Jan‐2017 1,250 4,677 2,741 7,607 1,734 56 6,041 4,953 937 495

AUM(mn)Dec‐2016 1,384 4,734 2,500 6,445 1,433 64 4,841 4,519 1,375 540

Note: All Returns are Annualized Note: This report is produced by BMA Capital Management Limited and is only for the use of their clients. While the information containedherein is from sources believed reliable, we do not represent that it is accurate or complete and should not be relied upon as such. This reportis for information only and is not an offer to buy or sell, or solicitation of any offer to buy or sell the funds mentioned.

Date: 16‐02‐2017

Money Market Funds

Money Market Funds

Alfalah GHP Money Market Fund (Alfalah GHP MMF)

Investing Safely

Key BenefitsShort term instrument with lowAlfalah GHP Money Market Fund (Alfalah GHP MMF)

HBL Money Market Fund (HBL MMF)ABL Cash Fund (ABL CF)PICIC Cash Fund (PICIC CF)Faysal Money Market Fund (Faysal MMF)First Habib Cash Fund (First Habib CF)AKD Cash Fund (AKD CF)NAFA Money Market Fund (NAFA MMF)UBL Money Market Fund (UBL MMF)

risk.Daily access to cash and dailyflexibility of investment.More competitive returnscompared to bank deposits.Tax benefits.

UBL Money Market Fund (UBL MMF)

AlfalahGHP MMF HBL MMF ABL CF PICIC CF FAYSAL 

MMFFirst Habib

CF  AKD CF NAFA MMF UBL MMF

AMC Rating AM2 AM2 AM2+ AM2 AM3++ AM3+ AM3+ AM2++ AM2++Fund Rating AA(f) AA(f) AA(f)  AA(f)  AA(f) AA(f) AA+(f) AA (f) AAManagement Fee 0.8 1 1 0.5 0.8 0.85 0.4 1 1g

Return (1M) 4.70 4.68 4.86 5.13 4.50 5.14 4.39 5.49 4.52

Return (6M) 6.18 7.26 9.75 5.74 8.12 7.69 7.46 6.76 5.97

Fund [Dec‐16] [Dec‐16] [Dec‐16] [Dec‐16] [Dec‐16] [Dec‐16] [Dec‐16] [Dec‐16] [Dec‐16]

Cash & Equivalent 82 75.38 76.54 63.87 99.66 85.02 13.78 99.5 47T‐Bill ‐ ‐ ‐ ‐ ‐ ‐ 84.07 ‐ 52Placements ‐ ‐ 0.53 ‐ ‐ ‐ ‐ ‐ ‐Comm. Papers ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐TDRs 17.5 24.1 13.23 35.45 ‐ 14.48 ‐ ‐ ‐PIBs ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐TFCs ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐Government Secs. ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐Other Assets 0 5 0 52 0 68 0 34 0 5 2 15 0 5Other Assets 0.5 0.52 ‐ 0.68 0.34 0.5 2.15 0.5 ‐GOP Ijarah ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐

AUM(mn)Jan‐2017 1,279 4,579 4,914 5,270 1,222 1,290 115 12,000 509

AUM(mn)Dec‐2016 1,378 4,927 5,439 4,634 1,317 1,350 101 12,233 537

Note: All Returns are Annualized 

Note: This report is produced by BMA Capital Management Limited and is only for the use of their clients. While the information containedherein is from sources believed reliable, we do not represent that it is accurate or complete and should not be relied upon as such. This reportis for information only and is not an offer to buy or sell, or solicitation of any offer to buy or sell the funds mentioned.

Date: 16‐02‐2017

Equity Fund

Equity FundsAKD Opportunity Fund (AKD OF)

Investing Safely

Key BenefitsLong term growth.pp y ( )

MCB Pakistan Stock Market Fund (AHI PSMF)Atlas Stock FundHBL Stock Fund (HBL SF)Alfalah GHP Stock Fund (Alfalah GHP SF)NAFA Stock FundNIUTUBL Stock Advantage Fund

Daily access to cash and dailyflexibility of investment.More competitive returnscompared to bank deposits.Tax Benefits.

AKD OF MCB PSMF ATLAS SF HBL SF Alfalah GHP SF NAFA SF NIT UBL SAF

AMC Rating AM3+ AM2++ AM2 AM2 AM2 AM2++ AM2+ AM2++Fund Rating 5 Star N/A  4 Star 2 Star  3 Star  4 Star  ‐ 2 StarManagement Fee 2 2 2 2 2 2 1 2

Return (1M) 3.69 2.37 0.92 0.50 1.95 2.28 (0.47) 3.93

Return (6M) 38.84 28.07 28.24 20.57 24.77 28.62 30.13 25.28

Sector [Dec‐16] [Dec‐16] [Dec‐16] [Dec‐16] [Dec‐16] [Dec‐16] [Dec‐16] [Dec‐16]

Chemicals ‐ ‐ 0.4 ‐ ‐ ‐ ‐ ‐Industrial Engineering ‐ ‐ 1.3 ‐ ‐ ‐ ‐ ‐Banks 6.75 16.8 21.4 18.96 18.6 16 11 18Other 58.67 30 ‐ 25.61 31.44 27.4 50 33

Textile Composite ‐ ‐ 3.9 ‐ ‐ 9 ‐ 6

Cement ‐ 14.9 11.8 13.03 8.78 15.7 ‐ 15

Power Generation 6.89 8.7 9.2 7.48 ‐ ‐ ‐ 6

Oil Marketing Companies 7.56 ‐ 7.3 ‐ 9.56 ‐ 12 ‐Oil and Gas Exploration 8.34 16.3 16.8 17.23 16.04 12.6 ‐ 15Automobile Assembler ‐ ‐ 1.2 ‐ ‐ ‐ 6 ‐Automobile parts and Accessories ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐Technology and Communication 11.79 ‐ 2.7 ‐ ‐ ‐ ‐ ‐Fertilizer ‐ 8.3 9 10.76 ‐ 9.2 ‐ ‐

AUM (mn)Jan‐2017 3,346 11,654 5,983 6,200 2,552 16,358 89,496 7,146

AUM (mn)Dec‐2016 2,519 10,983 5,795 5,906 2,376 15,080 87,965 7,289

Note: This report is produced by BMA Capital Management Limited and is only for the use of their clients. While the information containedherein is from sources believed reliable, we do not represent that it is accurate or complete and should not be relied upon as such. This reportis for information only and is not an offer to buy or sell, or solicitation of any offer to buy or sell the funds mentioned.

Note: All Returns are Absolute 

Date: 16‐02‐2017

Equity Fund

Equity FundsABL Stock Fund

Investing Safely

Key BenefitsLong term growth.

Alfalah GHP AFFirst Habib Stock FundLakson Equity FundJS LCFPakistan Strategic Allocation Fund (AHI PSAF)Askari Equity FundPICIC Stock Fund

Daily access to cash and dailyflexibility of investment.More competitive returnscompared to bank deposits.Tax Benefits.

ABL SF AGHP AF FIRST HABIB SF Lakson EF JS LCF Askari EF PICIC SF

AMC Rating AM2+ AM2 AM3+ AM2 AM2 AM3++ AM2

Fund Rating 4 Star 2 Star  1 Star  3 Star  ‐ 3 Star 2 Star 

Management Fee 2 1.75 2 2 2 2 2

Return (1M) 1.75 1.99 (0.14) 1.79 2.41 (0.70) 1.49

Return (6M) 29 29 24 51 23 86 23 32 34 69 20 92 24 36Return (6M) 29.29 24.51 23.86 23.32 34.69 20.92 24.36

Sector [Dec‐16] [Dec‐16] [Dec‐16] [Dec‐16] [Dec‐16] [Dec‐16] [Dec‐16]Chemicals 4.56 ‐ ‐ 9.76 ‐ 3.75Industrial Engineering ‐ ‐ ‐ ‐ ‐ ‐ ‐

Banks 15.15 17.93 14.27 24.33 9.46 20.13 18.56

Other 5.57 27.76 22.38 21.78 35.38 ‐ 35Textile Composite 4 2 1 52 ‐Textile Composite 4.2 ‐ ‐ ‐ ‐ 1.52 ‐Cement 17.34 7.74 15.05 ‐ 10.31 9.94 11.30Power Generation 6.37 ‐ ‐ ‐ 9.46 2.87 ‐Oil Marketing Companies 4.9 9.01 ‐ 5.27 7.49 7.1 7.65Oil and Gas Exploration 14.19 14.57 10.55 14.72 ‐‐‐ 15.2 11.59

Automobile Assembler 6.15 ‐ 10.09 ‐ 6.88 1.8 ‐

Automobile parts and Accessories 5.21 ‐ ‐ ‐ ‐ ‐ ‐p 5.Technology and Communication ‐ ‐ ‐ ‐ ‐ ‐ ‐Fertilizer 8.52 ‐ 5.72 ‐ ‐ 9.99 10.74

AUM(mn)Jan‐2017 6,879 1,737 166 4,547 972 145 464

AUM(mn)Dec‐2016 6,466 1,657 128 4,121 987 142 404

Note: All Returns are Absolute

Note: This report is produced by BMA Capital Management Limited and is only for the use of their clients. While the information containedherein is from sources believed reliable, we do not represent that it is accurate or complete and should not be relied upon as such. This reportis for information only and is not an offer to buy or sell, or solicitation of any offer to buy or sell the funds mentioned.

Note: All Returns are Absolute 

Date: 16‐02‐2017

Income Funds

Income FundsABL Income Fund (ABL IF)

Investing Safely

Key BenefitsHigher yielding debt instruments.( )

Arif Habib Pakistan Income FundAtlas Income FundHBL Income FundAlfalah GHP Income Fund (Alfalah GHP IF)Askari SYEFaysal Financial Sector Opportunity Fund NAFA Financial Sector Income Fund (NAFA FSIF)PIML Income Fund (PIML IF)

Daily access to cash and dailyflexibility of investment.More competitive returnscompared to bank deposits.Tax Benefits.

ABL IF AHI PIF ATLAS IF HBL IF Alfalah GHPIF Askari SYE Faysal FSOF NAFA FSIF PIML IF

AMC Rating AM2+ AM2++ AM2 AM2 AM2 AM3++ AM3++ AM2++ AM3+

Fund Rating A(f) A+(f) AA‐(f) A(f) A+(f) A+ AA‐(f)  A+(f) A+(f)

Management Fee 1.5 1.5 0.8 1.5 1.25 1.35 0.5 1.5 1Management Fee

Return (1M) 4.42 3.91 5.09 5.56 5.03 3.70 3.74 5.63 4.86

Return (6M) 6.18 8.54 5.42 4.83 6.34 4.93 6.20 10.28 3.30

Fund [Dec‐16] [Dec‐16] [Dec‐16] [Dec‐16] [Dec‐16] [Dec‐16] [Dec‐16] [Dec‐16] [Dec‐16]

Cash & Equivalent 51.12 27.4 53.1 18.78 49.2 8.43 60.11 40.6 39.61T‐Bills ‐ 4.1 4.4 ‐ 3.7 77.31 ‐ ‐ ‐Placements 10.26 ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐Comm. Papers ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 20.87TDRs ‐ 14.4 ‐ 45.76 13.4 ‐ ‐ 12.6PIBs ‐ 0.7 4.4 ‐ ‐ 9.2 ‐ ‐ 32.19TFCs 15.33 19.9 19.5 23.97 28 4.6 38.14 46 5.68Government Secs. ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐Other Assets 9.29 24.2 2.1 10.02 1.5 0.46 1.75 0.8 1.66GOP Ijarah ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐

AUM(mn)Jan‐2017 4,042 1,184 9,118 4,980 1,310 444 70 781 3,758

AUM(mn)Dec‐2016 3,822 1,169 8,714 5,276 1,318 532 69 793 4,026

Note: All Returns are Annualized Note: This report is produced by BMA Capital Management Limited and is only for the use of their clients. While the information containedherein is from sources believed reliable, we do not represent that it is accurate or complete and should not be relied upon as such. This reportis for information only and is not an offer to buy or sell, or solicitation of any offer to buy or sell the funds mentioned.

Date: 16‐02‐2017

Income Funds

Income FundsJS Income Fund (JS IF)

Investing Safely

Key BenefitsHigher yielding debt instruments.( )

MCB DCF Income Fund (MCB DCF IF)NAFA Saving Plus Fund (NAFA SPF)NIT Income FundPicic Income FundNAFA Income Opportunity Fund (NAFA IOF)UBL Financial Sector Bond Fund (FSBF)Lakson Income Fund

Daily access to cash and dailyflexibility of investment.More competitive returnscompared to bank deposits.Tax Benefits.

JS IF MCB DCF IF NAFA SPF NIT IF PICIC IF NAFA IOF UBL IOF Lakson IF

AMC Rating AM2 AM2++ AM2++ AM2+ AM2 AM2++ AM2++ AM2Fund Rating A+(f)  A+(f) AA‐ (f) A+(f) A(f)  A(f) A‐ A+Management Fee 0 75 1 5 1 5 1 25 1 25 1 3 1 5 1 5Management Fee 0.75 1.5 1.5 1.25 1.25 1.3 1.5 1.5

Return (1M) 5.61 4.68 5.01 4.67 5.11 6.76 4.19 5.50

Return (6M) 6.64 7.86 10.53 5.86 5.52 6.11 4.42 6.15

Fund [Dec‐16] [Dec‐16] [Dec‐16] [Dec‐16] [Dec‐16] [Dec‐16] [Dec‐16] [Dec‐16]

Cash & Equivalent 64.39 25.5 42.5 63.55 25.7 40.7 91 62T‐Bills ‐ 2.4 6.5 15.67 2.41 2.3 ‐ ‐Placements ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐Comm. Papers ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐TDRs 32.32 13 17.3 ‐ 45.82 22.2 ‐ 22PIBs ‐ ‐ ‐ 5.1 ‐ 1.9 ‐ 4TFCs / Sukuk 1.5 22.5 ‐ 8.76 22.04 6 7 8Government Secs. ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐Oth A t 1 26 19 5 0 9 2 36 1 08 11 9 2Other Assets 1.26 19.5 0.9 2.36 1.08 11.9 2 ‐GOP Ijarah ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐

AUM(mn)Jan‐2017 2,836 7,016 420 4,080 1,932 14,314 232 3,445

AUM(mn)Dec‐2016 2,497 7,009 431 3,870 1,971 12,908 237 3,463

Note: All Returns are Annualized Note: This report is produced by BMA Capital Management Limited and is only for the use of their clients. While the information containedherein is from sources believed reliable, we do not represent that it is accurate or complete and should not be relied upon as such. This reportis for information only and is not an offer to buy or sell, or solicitation of any offer to buy or sell the funds mentioned.

Date: 16‐02‐2017

Income Funds

Income Fund (Government Securities Funds)

NIT Government Bond Fund

Investing Safely

Key BenefitsHigher yielding debt instruments.NIT Government Bond Fund

UBL Government Securities FundABL Government Securities FundNAFA Government Securities Saving Fund Alfalah GHP Sovereign Fund MCB Pakistan Sovereign FundFirst Habib Income Fund FAYSAL Savings and Growth Fund

Daily access to cash and dailyflexibility of investment.More competitive returnscompared to bank deposits.Tax Benefits.

NIT GBF UBL GSF ABL GSF NAFA GSSF Alfalah SF MCB Pak SFFIRST HABIB IF FAYSAL SGF

AMC Rating AM2+ AM2++ AM2+ AM2++ AM2 AM2++ AM3+ AM3++

Fund Rating AA‐ (f) A A(f)  AA‐ (f) AA‐ (f) AA‐(f) AA‐(f) AA‐(f)

Management Fee 1.25 1.25 1.25 1 1 1.5 1.5 1.5Management Fee 1.25 1.25 1.25 1 1 1.5 1.5 1.5

Return (1M) 4.14 4.38 4.29 4.78 5.10 3.98 4.88 4.28

Return (6M) 5.73 4.24 8.43 6.64 6.13 6.52 8.15 6.12

Fund [Dec‐16] [Dec‐16] [Dec‐16] [Dec‐16] [Dec‐16] [Dec‐16] [Dec‐16] [Dec‐16]

Cash & Equivalent 38.41 23 11.43 45.1 17.2 48.7 27 51.35T‐Bills 56.04 29 56.36 25.1 45.4 ‐ 2.17 3.35Placements ‐ ‐ 7.39 ‐ ‐ ‐ ‐ ‐Comm. Papers ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐TDRs ‐ 1 15.14 ‐ 15.3 ‐ 17.54 ‐PIBs 4.93 46 4.77 27.9 0 49.4 14.28 ‐TFCs ‐ ‐ 2.69 ‐ 17.2 ‐ ‐ 20.63Government Secs. ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐Oth A t 0 62 1 2 22 1 9 0 1 9 2 8 0 49Other Assets 0.62 1 2.22 1.9 0.7 1.9 2.78 0.49GOP Ijarah ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐

AUM(mn)Jan‐2017 4,190 10,785 6,238 153 1,884 3,529 1,186 2,880

AUM(mn)Dec‐2016 4,080 10,685 5,912 158 2,331 3,842 1,121 2,882

Note: All Returns are Annualized 

Note: This report is produced by BMA Capital Management Limited and is only for the use of their clients. While the information containedherein is from sources believed reliable, we do not represent that it is accurate or complete and should not be relied upon as such. This reportis for information only and is not an offer to buy or sell, or solicitation of any offer to buy or sell the funds mentioned.

Date: 16‐02‐2017

Aggressive Fixed Income Funds

Aggressive Fixed Income FundsAlfalah GHPIMF

Investing Safely

Key BenefitsHigher yielding debt instruments.

AKD Aggressive Income FundAskari High Yield Scheme BMA Chundrigarh Road Savings FundFaysal Income and Growth FundKASB Income Opportunity FundUBL Growth and Income FundAHI Pakistan Income Enhancement Fund

g y gDaily access to cash and dailyflexibility of investment.More competitive returnscompared to bank deposits.Tax Benefits.

Fund

ALGHP IMF AKD IF ASKARI HYS BMA CSF FAYSAL IGF UBL GIF AHI PIEF

AMC Rating AM2 AM3+ AM3++ AM3 AM3++ AM2++ AM2++Fund Rating A+(f)  BBB+(F)  A A+ (F) A(f) BBB+ A+(f)Management Fee 1.25 1.5 1.5 1.5 1.5 1.5 1.5Return (1M) 5.24 4.89 4.54 4.76 4.18 4.60 5.13

Return (6M) 5.96 6.17 4.62 4.96 3.16 4.36 5.28

Fund [Dec‐16] [Dec‐16] [Dec‐16] [Dec‐16] [Dec‐16] [Dec‐16] [Dec‐16]

Cash & Equivalent 48.3 1.73 4.43 28.83 71.95 71 41.7T‐Bill 2.2 2.15 19.54 ‐ ‐ ‐ 3.5Placements 44 09Placements ‐ ‐ ‐ 44.09 ‐ ‐ ‐Comm. Papers ‐ ‐ ‐ ‐ ‐ ‐ ‐TDRs 16.7 32.25 9.84 ‐ ‐ ‐ 17PIBs ‐ ‐ 2.51 2.49 ‐ 8 0.6TFCs 26.6 12.69 41.63 ‐ 26.4 16 13.7Government Secs. ‐ ‐ ‐ ‐ ‐ ‐ ‐Other Assets 1 35 12 0 78 24 59 1 6 3 14 4Other Assets 1 35.12 0.78 24.59 1.6 3 14.4GOP Ijarah ‐ ‐ ‐ ‐ ‐ ‐ ‐

AUM(mn)Jan‐2017 2,223 1,009 3,983 254 950 4,744 2,040

AUM(mn)Dec‐2016 2,266 941 3,982 279 1,069 4,561 3,106

Note: All Returns are Annualized Note: This report is produced by BMA Capital Management Limited and is only for the use of their clients. While the information containedherein is from sources believed reliable, we do not represent that it is accurate or complete and should not be relied upon as such. This reportis for information only and is not an offer to buy or sell, or solicitation of any offer to buy or sell the funds mentioned.

Date: 16‐02‐2017

Asset Allocation Funds

Asset Allocation FundsAlfalah GHP Value Fund

Investing Safely

Key BenefitsHigher yielding debt instruments.

Askari Asset Allocation Fund Faysal Asset Allocation FundLakson Asset Allocation Developed Markets FundLakson Tactical FundMCB Pakistan Asset Allocation FundMCB Pakistan Frequent Payout FundNAFA Asset Allocation FundPIML Asset Allocation Fund

Daily access to cash and dailyflexibility of investment.More competitive returnscompared to bank deposits.Tax Benefits.

Pak Oman Advantage Asset Allocation FundUBL Asset Allocation Fund

AlfalalahGHP VF

AskariAAF

FaysalAAF

LaksonAADMF

LaksonTF

MCB PakAAF

MCB Pak FPF

NAFA AAF PIML AAF Pak Oman 

AAAF UBL AAF

AMC Rating AM2 AM3++  AM3++ AM2 AM2 AM2++ AM2++ AM2++ AM3+ 2 Star AM2++Fund Rating ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐Management Fee 2 2 2 1 1 2 0.25 2 2 2 1

Return (1M) 0.40 (0.55) 2.15 1.32 1.03 (0.26) (0.27) 2.25 2.04 0.22 1.44

Return (6M) 21.44 14.93 15.52 4.06 11.77 8.79 3.35 22.08 8.37 20.16 10.69

Fund [Dec‐16] [Dec‐16] [Dec‐16] [Dec‐16] [Dec‐16] [Dec‐16] [Dec‐16] [Dec‐16] [Dec‐16] [Dec‐16] [Dec‐16]

Cash & Equivalent 11.8 19.89 34.24 4 39 42.5 56.6 32.2 13.81 44.08 10T Bill 3 7 37 4 4 45T‐Bill 3.7 ‐ ‐ 37 ‐ ‐ 4.4 ‐ ‐ ‐ 45Placements ‐ ‐ ‐ ‐ 19 ‐ ‐ 2.2 ‐ ‐ ‐Comm. Papers ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐TDRs ‐ ‐ ‐ ‐ ‐ 8.1 6 ‐ 4.2 ‐ ‐PIBs ‐ 11.43 ‐ 31 3 2.3 19.8 ‐ 9.31 ‐ 5TFCs / Sukuk ‐ ‐ ‐ ‐ 4 5.5 ‐ ‐ 9.12 2.49 ‐Government Secs. ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐Other Assets 7.2 2.8 3.69 1 3.5 1.7 0.5 1.14 1.07 2Equities 77.2 65.88 62.07 28 34 37.1 11.5 65.1 62.41 52.36 38AUM(mn)Jan‐2017 1,694 211 198 304 1,469 2,184 1,175 2,563 1,251 473 2,400

AUM(mn)Dec‐2016 1,298 209 136 298 1,544 2,286 1,189 2,331 1,179 411 2,154

Note: All Returns are Absolute

Note: This report is produced by BMA Capital Management Limited and is only for the use of their clients. While the information containedherein is from sources believed reliable, we do not represent that it is accurate or complete and should not be relied upon as such. This reportis for information only and is not an offer to buy or sell, or solicitation of any offer to buy or sell the funds mentioned.

Note: All Returns are Absolute 

Date: 16‐02‐2017

Pension Funds

Pension FundsPakistan Pension Fund (PPF)

Investing Safely

Key BenefitsLong term investment.( )

UBL Retirement Savings Fund (UBL RSF)Atlas Pension Fund (Atlas PF)

Flexible plans (Equity / Debt /Money Market ).Significant tax Benefits.

P PF UBL RSF ATLAS PF

Equity  Debt MMkt Equity  Debt MMkt Equity  Debt MMktAMC Rating AM2++ AM2++ AM2 ++ AM2+ + AM2++  AM2+  AM2 AM2 AM2F d R iFund Rating ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐Management Fee 1.5 1.5 1.5 1.5 1.5 1.5 1.5 0.75 0.5

Return (1M) 1.55 4.97 3.95 3.16 4.64 3.98 (0.12) 4.79 4.98

Return (6M) 33.05 4.26 4.37 25.33 4.61 4.66 25.28 5.39 5.83

Fund [Dec‐16] [Dec‐16] [Dec‐16] [Dec‐16] [Dec‐16] [Dec‐16] [Dec‐16] [Dec‐16] [Dec‐16]

Oil & Gas Exploration 17.1 ‐ ‐ 13 ‐ ‐ 18.3 ‐ ‐Oil & Gas Exploration 17.1 13 18.3Power Generation & Distribution  ‐ ‐ ‐ ‐ ‐ ‐ 9.7 ‐ ‐

Commercial Banks 14.1 ‐ ‐ 14 ‐ ‐ 22.1 ‐ ‐Equities 40.8 ‐ ‐ 92 ‐ ‐ 94.9 ‐ ‐

Oil & Gas Marketing ‐ ‐ ‐ ‐ ‐ ‐ 2.8 ‐ ‐

Cement  11.2 ‐ ‐ 16 ‐ ‐ 12.7 ‐ ‐GOP G. Securities ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐T‐Bill ‐ 2.9 25.3 ‐ 18 65 ‐ 48.4 61.6TFC ‐ 0.4 ‐ ‐ 3 ‐ ‐ 7.5 ‐PIB ‐ 71.5 ‐ ‐ 65 ‐ 1.2 ‐Placement with Bank ‐ 18.8 17.9 ‐ 9 33 ‐ ‐ ‐Sukuk ‐ ‐ ‐ ‐ ‐ ‐ ‐ 4.8 ‐Cash 1 7 2 9 56 6 6 4 2 2 85 37 3 38 1

Note: This report is produced by BMA Capital Management Limited and is only for the use of their clients While the information contained

Cash 1.7 2.9 56.6 6 4 2 2.85 37.3 38.1Other Assets 1.3 3.5 0.2 2 2 1 2.24 0.8 0.3AUM(mn)Jan‐2017 800.80 445.79 160.20 1351 768 536 440 299 221AUM(mn)Dec‐2016 739.81 447.69 165.42 1,277 778 543 437 299 221

Note: All Returns are Absolute 

Note: This report is produced by BMA Capital Management Limited and is only for the use of their clients. While the information containedherein is from sources believed reliable, we do not represent that it is accurate or complete and should not be relied upon as such. This reportis for information only and is not an offer to buy or sell, or solicitation of any offer to buy or sell the funds mentioned.

Date: 16‐02‐2017

Pension Funds

Pension FundsABL Pension Fund (ABL PF)

Investing Safely

Key BenefitsLong term investment.( )

NAFA Pension Fund (NAFA PF)HBL Pension Fund (HBL PF)

Flexible plans (Equity / Debt /Money Market ).Significant tax Benefits.

ABL PF NAFA PF HBL PF

Equity  Debt MMkt Equity  Debt MMkt Equity  Debt MMktAMC Rating AM2+ AM2+ AM2 + AM2++ AM2++ AM2++ AM2 AM2 AM2C at gFund Rating ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐Management Fee 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5

Return (1M) 0.62 4.00 3.81 1.47 4.33 4.33 (0.69) 5.12 4.49

Return (6M) 30.40 4.47 3.99 30.13 4.24 4.34 21.08 3.86 4.94

Fund [Dec‐16] [Dec‐16] [Dec‐16] [Dec‐16] [Dec‐16] [Dec‐16] [Dec‐16] [Dec‐16] [Dec‐16]

Oil & Gas E ploration 14 4 14 14Oil & Gas Exploration ‐ ‐ ‐ 14.4 ‐ ‐ 14.14 ‐ ‐Power Generation & Distribution  ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐

Commercial Banks ‐ ‐ ‐ 15.8 ‐ ‐ 12.59 ‐ ‐Equities 94.94 ‐ ‐ 95.8 ‐ ‐ 94.47 ‐ ‐Oil & Gas Marketing ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐Cement  ‐ ‐ ‐ 14.3 ‐ ‐ 15.19 ‐ ‐GOP G. Securities ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 49.54T‐Bill ‐ 74.22 42.09 ‐ 42.1 17.4 ‐ ‐ ‐TFC ‐ ‐ ‐ ‐ 13.1 ‐ ‐ 8.25 ‐PIB ‐ ‐ ‐ ‐ 3.6 ‐ ‐ 63.83 ‐Placement with Bank ‐ ‐ ‐ ‐ ‐ 19.3 ‐ 11.40 28.74Sukuk ‐ 2.69 ‐ ‐ ‐ ‐ ‐ ‐ ‐Cash 4 67 15 98 57 67 3 6 39 9 62 3 4 74 8 70 19 66

Note: This report is produced by BMA Capital Management Limited and is only for the use of their clients While the information contained

Cash 4.67 15.98 57.67 3.6 39.9 62.3 4.74 8.70 19.66Other Assets 0.39 7.12 0.24 0.6 1.3 1 0.79 7.83 2.06AUM(mn)Jan‐2017 110.013 76.510 52.985 926.6 388 376.6 200.227 171.606 151.083AUM(mn)Dec‐2016 105.973 76.852 52.875 874.3 385.4 373.5 194 173 153

Note: All Returns are Absolute 

Note: This report is produced by BMA Capital Management Limited and is only for the use of their clients. While the information containedherein is from sources believed reliable, we do not represent that it is accurate or complete and should not be relied upon as such. This reportis for information only and is not an offer to buy or sell, or solicitation of any offer to buy or sell the funds mentioned.

Date: 16‐02‐2017

Islamic Cash Funds

Islamic Cash FundsMeezan Cash Funds (Meezan CF)

Investing Safely

Key BenefitsHigher yielding debt instruments.( )

HBL Islamic Money Market Fund (HBL IMMF)UBL Islamic Cash Fund

Daily access to cash and dailyflexibility of investment.More competitive returnscompared to bank deposits.Tax Benefits.

Meezan CF HBL IMMF Al Ameen ICF

AMC Rating AM2++ AM2 AM2++

Fund Rating AA(f) AA(f) AA 

Management Fee 1 1 1

Return (1M) 4.11 3.49 4.01

Return (6M) 7.57 4.43 4.99

Fund [Dec‐16] [Dec‐16] [Dec‐16]

Cash & Equivalent 84 99.62 80T‐Bill ‐ ‐ ‐

Placements ‐ ‐ ‐

Comm. Papers ‐ ‐ ‐

TDRs 15 0.38 19PIBs ‐ ‐ ‐

TFCs ‐ ‐ ‐

Government Secs. ‐ ‐ ‐

Other Assets 1 ‐ 1Other Assets 1 ‐ 1GOP Ijarah ‐ ‐ ‐

AUM(mn)Jan‐2017 4,097 633 1,957

AUM(mn)Dec‐2016 3,296 735 2,304

Note: All Returns are Annualized 

Note: This report is produced by BMA Capital Management Limited and is only for the use of their clients. While the information containedherein is from sources believed reliable, we do not represent that it is accurate or complete and should not be relied upon as such. This reportis for information only and is not an offer to buy or sell, or solicitation of any offer to buy or sell the funds mentioned.

Date: 16‐02‐2017

Islamic Equity Funds

Islamic Equity FundsAtlas Islamic Fund (ATLAS ISF) 

Investing Safely

Key BenefitsLong term Growth.( )

JS Islamic Fund (JS ISF)    Meezan Islamic Fund (MEEZAN ISF)    HBL Islamic Equity Fund (HBL ISF) Al Meezan Mutual Fund (AMMF) ABL Islamic Stock Fund Al ameen Shariah Stock Fund 

Daily access to cash and dailyflexibility of investment.More competitive returnscompared to bank deposits.Tax Benefits.

ATLAS ISF JS ISF MEEZAN  Al Ameen NAFA ISF Alfalah HBL ISF AMMF ABL ISFATLAS ISF JS ISF ISF SSF NAFA ISF GHP ISF HBL ISF AMMF ABL ISF

AMC Rating AM2 AM2 AM2++ AM2++ AM2++ AM2 AM2 AM2++ AM2+Fund Rating 4 Star 5 Star 3 Star  4 Star ‐ ‐ 1 Star  3 Star  4 Star

Management Fee 2 2 2 2 2 2 2 2 2

Return (1M) 1.18 2.95 0.88 3.33 2.18 1.81 0.58 0.73 2.46

Return (6M) 24.66 34.79 23.05 26.61 27.72 24.33 22.58 22.88 28.25( )

Sector [Dec‐16] [Dec‐16] [Dec‐16] [Dec‐16] [Dec‐16] [Dec‐16] [Dec‐16] [Dec‐16] [Dec‐16]

Chemicals ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 5.15Industrial Engineering 2.5 ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐Banks 2.1 ‐ ‐ ‐ ‐ ‐ ‐ ‐ 1.99Other ‐ 33.21 37 28 22.9 38.18 20.23 35 4.94Textile Composite 2.6 6.54 ‐ ‐ 7.2 6.76 ‐ ‐ 2.66Textile Composite 2.6 6.54 7.2 6.76 2.66Cement 19.4 19.6 20 24 19.3 11.36 21.88 21 20.13Power Generation 11 ‐ 9 10 ‐ ‐ 10.83 9 8.59Oil Marketing Companies 10.1 10.51 ‐ 7 11.7 11.55 ‐ ‐ 5.21Oil and Gas Exploration 19.1 ‐ 15 15 16 18.88 15.3 16 18.14Automobile Assembler ‐ 9.14 ‐ ‐ ‐ ‐ 3.79 ‐ 8.03Automobile parts and Accessories 0.9 6.15 ‐ ‐ ‐ ‐ ‐ ‐ 5.58AccessoriesTechnology and Communication 1.6 ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐

Fertilizer 11.8 ‐ 11 7 12.9 ‐ 14.68 12 10.87

AUM(mn)Jan‐2017 2,849 1,303 48,921 8,195 7,376 7,638 943 8,163 3,228

AUM(mn)Dec‐2016 2,713 1,077 46,913 7,271 6,022 6,815 981 8,176 3,363

N t All R t Ab l tNote: This report is produced by BMA Capital Management Limited and is only for the use of their clients. While the information containedherein is from sources believed reliable, we do not represent that it is accurate or complete and should not be relied upon as such. This reportis for information only and is not an offer to buy or sell, or solicitation of any offer to buy or sell the funds mentioned.

Note: All Returns are Absolute 

Date: 16‐02‐2017

Islamic Income Funds

Islamic Income FundsAtlas Islamic Income Fund

Investing Safely

Key BenefitsHigher yielding debt instruments.

Meezan Islamic Income FundPak Oman Advantage Islamic Income FundAskari Islamic Income FundAlfalah GHP Islamic Income FundMEEZAN Sovereign FundFaysal Islamic Savings  GrowthABL Islamic Income FundNAFA Riba Free Savings Fund

Daily access to cash and dailyflexibility of investment.More competitive returnscompared to bank deposits.Tax Benefits.

Al ameen Islamic Sovereign FundMCB Islamic Income Fund

ATLAS IIF MEEZAN IIF PO AIIF ASKARI 

IIFAlfalahGHP IIF

MeezanSF

FaysalISGF ABL IIF NAFA 

RFSFAl Ameen

ISF MCB IIF

AMC Rating AM2 AM2++ ‐ AM3++ AM2 AM2++ AM3++ AM2+ AM2++ AM2++ AM2++Fund Rating AA‐(f)  A‐(f) A+(f) A+ A+(f) AA(f) A(f) A(f) A(f) AA‐ AA‐(f)g ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( )Management Fee 0.3 1.5 1.5 1.1 1 1 1.5 1 1.25 1 1

Return (1M) 5.08 4.15 4.45 4.45 5.20 2.74 3.70 5.07 4.76 3.27 4.51

Return (6M) 6.34 5.18 5.84 6.12 5.29 8.94 5.03 6.11 6.52 6.34 7.76

Fund [Dec‐16] [Dec‐16] [Dec‐16] [Dec‐16] [Dec‐16] [Dec‐16] [Dec‐16] [Dec‐16] [Dec‐16] [Dec‐16] [Dec‐16]

Cash & Equivalent 92.8 19 80.55 74.15 59.5 14 11.46 53.34 92.4 13 52.4llT‐Bill ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐

Placements ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐Comm. Papers ‐ ‐ ‐ ‐ ‐ ‐ 6.68 ‐ ‐ ‐ ‐TDRs ‐ 32 10.92 ‐ 10.5 ‐ ‐ 18.64 ‐ 17 ‐PIBs ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐TFCs / Sukuk 2.1 21 7.69 25.21 29.4 ‐ 11.45 18.07 ‐ ‐ 23.7Government Secs. ‐ 11 ‐ ‐ ‐ 84 ‐ ‐ ‐ ‐ ‐11 84Other Assets 0.5 9 0.84 0.64 0.5 2 0.83 9.95 0.6 1 1.1GOP Ijarah 4.6 ‐ ‐ ‐ ‐ ‐ ‐ ‐ 7 69 11.7AUM(mn)Jan‐2017 2,209 10,998 330 474 4,907 8,890 1,316 4,126 1,739 3,228 917

AUM(mn)Dec‐2016 2,471 9,545 407 536 4,838 9,142 1,333 4,288 1,386 3,226 860

Note: All Returns are Annualized

Note: This report is produced by BMA Capital Management Limited and is only for the use of their clients. While the information containedherein is from sources believed reliable, we do not represent that it is accurate or complete and should not be relied upon as such. This reportis for information only and is not an offer to buy or sell, or solicitation of any offer to buy or sell the funds mentioned.

Note: All Returns are Annualized 

Date: 16‐02‐2017

ISLAMIC AGGRESSIVE FIXED INCOME FUNDS

Islamic Aggressive Fixed Income FundsAl‐Ameen Islamic Aggressive Income 

Investing Safely

Key BenefitsHigher yielding debt instruments.gg

FundNAFA Islamic Aggressive Income Fund

Daily access to cash and dailyflexibility of investment.More competitive returnscompared to bank deposits.Tax Benefits.

Al‐Ameen IAIF NAFA IAIF

AMC Rating AM2++ AM2++Fund Rating BBB+ A‐(f)Management Fee 1.5 1

Return (1M) 3.88 4.83( )

Return (6M) 4.64 5.28

Fund [Dec‐16] [Dec‐16]

Cash & Equivalent 43 93.6T‐Bill ‐ ‐Placements ‐ ‐Comm PapersComm. Papers ‐ ‐TDRs 26 ‐PIBs ‐ ‐TFCs / Sukuk 26 1.6Government Secs. ‐ ‐Other Assets 1 0.9GOP Ijarah 4 3.9

AUM(mn)Jan‐2017 1,244 2,616

AUM(mn)Dec‐2016 1,300 2,566

Note: All Returns are Annualized 

Note: This report is produced by BMA Capital Management Limited and is only for the use of their clients. While the information containedherein is from sources believed reliable, we do not represent that it is accurate or complete and should not be relied upon as such. This reportis for information only and is not an offer to buy or sell, or solicitation of any offer to buy or sell the funds mentioned.

Date: 16‐02‐2017

Islamic Asset Allocation Funds

Islamic Asset Allocation FundsAl Ameen Islamic Asset Allocation Fund Fund

Investing Safely

Key BenefitsHigher yielding debt instruments.

Askari Islamic Asset Allocation FundFaysal Islamic Asset Allocation FundHBL Islamic Asset Allocation FundLakson Islamic Tactical FundMeezan Asset Allocation FundNAFA Islamic Asset Allocation FundPak Oman Islamic Asset Allocation FundPakistan Int'l Element Islamic Asset Allocation Fund

Daily access to cash and dailyflexibility of investment.More competitive returnscompared to bank deposits.Tax Benefits.

Al AmeenIAAF Askari IAAF Faysal IAAF HBL IAAF Lakson ITF Meezan

AAFNAFA IAAF Pak Oman IAAF Pak

IEIAAFAMC Rating AM2++ AM3++ AM3++ AM2 AM2 AM2++ AM2++ ‐ AM2++

Fund Rating ‐ 1 Star ‐ ‐ ‐ ‐ ‐ 3 Star ‐

Management Fee% 1 2 2 1.5 1 1.5 2 2 2

Return (1M) 1.76 (0.22) 1.32 0.45 (0.34) 2.38 1.27 0.41 2.23

Return (6M) 11.40 15.09 13.53 8.65 7.45 21.56 17.20 20.80 22.84

Fund [Dec‐16] [Dec‐16] [Dec‐16] [Dec‐16] [Dec‐16] [Dec‐16] [Dec‐16] [Dec‐16] [Dec‐16]

Cash & Equivalent 29 33.19 16.40 36 77 18.4 36.1 27.26 16.8T‐Bill ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐Placements ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐Comm. Papers ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐TDRs 30 ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐PIBs ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐TFCs / Sukuk 2 ‐ ‐ ‐ ‐ ‐ 0.4 1.22 ‐Government Secs. ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐Other Assets 1 4.81 13.75 15.42 3 1 1 2.34 52GOP Ijarah ‐ ‐ ‐ 18.99 ‐ ‐ ‐ ‐ ‐Equities 38 62 69.85 29.59 20 80.6 62.5 69.18 78

AUM(mn)Jan‐2017 4,169 162 210 1,349 152 1,181 11,710 478 1,259

AUM(mn)Dec‐2016 3,759 138 137 1,121 126 921 10,025 419 1,187

Note: All Returns are Annualized

Note: This report is produced by BMA Capital Management Limited and is only for the use of their clients. While the information containedherein is from sources believed reliable, we do not represent that it is accurate or complete and should not be relied upon as such. This reportis for information only and is not an offer to buy or sell, or solicitation of any offer to buy or sell the funds mentioned.

Note: All Returns are Annualized 

Date: 16‐02‐2017

Islamic Pension Funds

Islamic Pension FundsPakistan Islamic Pension Fund (PIPF)

Investing Safely

Key BenefitsLong term investment.( )

Al ameen Islamic Retirement Savings Fund (Alameen IRSF)Atlas Pension Islamic Fund (Atlas PIF)

Flexible plans (Equity / Debt /Money Market ).Significant tax Benefits.

PIPF Al Ameen IRSF  Atlas PIF

Equity  Debt MMkt Equity  Debt MMkt Equity  Debt MMktAMC Rating AM2 + AM2 + AM2 + AM2+  AM2+  AM2+  AM2 + AM2 + AM2 +gFund Rating ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐Management Fee 1.5  1.5  1.5  1.5  1.5  1.5  1.5 0.75 0.50

Return (1M) 1.95 2.04 0.21 3.07 2.56 2.82 0.09 3.26 3.40

Return (6M) 30.81 5.69 4.08 27.11 5.03 4.64 23.01 6.85 5.61

Fund [Dec‐16] [Dec‐16] [Dec‐16] [Dec‐16] [Dec‐16] [Dec‐16] [Dec‐16] [Dec‐16] [Dec‐16]Oil & Gas ExplorationOil & Gas ExplorationCompanies 19 ‐ ‐ 14 ‐ ‐ 20.9 ‐ ‐

Power Generation & Distribution ‐ ‐ ‐ 7 ‐ ‐ 8.6 ‐ ‐

Fertilizer 8.2 ‐ ‐ ‐ ‐ ‐ 11.1 ‐ ‐Equities 31.6 ‐ ‐ 93 ‐ ‐ 87.55 ‐ ‐Cement 19.5 ‐ ‐ 25 ‐ ‐ 18.8 ‐ ‐Chemicals ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐GOP G. Securities ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐T. Bill ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐TFC / Sukuk ‐ ‐ ‐ ‐ 2 ‐ ‐ 3.1 ‐PIB ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐Placement with Bank ‐ ‐ ‐ ‐ 25 48 ‐ 31.4 34.3GOP Ijarah Sukuk ‐ 68.2 16 ‐ 63 23 ‐ 46.9 39.9C h 1 3 31 4 83 5 5 9 27 11 17 9 8 20 5

Note: This report is produced by BMA Capital Management Limited and is only for the use of their clients While the information contained

Cash 1.3 31.4 83.5 5 9 27 11.17 9.8 20.5Other Assets 7.8 0.4 0.5 2 1 2 1.28 8.8 5.4AUM(mn)Jan‐2017 403.77 170.19 69.24 1490 428 261 379 318 237AUM(mn)Dec‐2016 382.52 168.71 69.51 1,429 416 225 376 313 232

Note: All Returns are Absolute 

Note: This report is produced by BMA Capital Management Limited and is only for the use of their clients. While the information containedherein is from sources believed reliable, we do not represent that it is accurate or complete and should not be relied upon as such. This reportis for information only and is not an offer to buy or sell, or solicitation of any offer to buy or sell the funds mentioned.

Date: 16‐02‐2017

Islamic Pension Funds

Islamic Pension FundsABL Islamic Pension Fund (ABL PF)

Investing Safely

Key BenefitsLong term investment.( )

NAFA Islamic Pension Fund (NAFA IPF)HBL Islamic Pension Fund ( NAFA IPF)

Flexible plans (Equity / Debt /Money Market ).Significant tax Benefits.

ABL IPF NAFA  IPF HBL IPF

Equity  Debt MMkt Equity  Debt MMkt Equity  Debt MMktAMC Rating AM2 + AM2 + AM2 + AM2++ AM2++ AM2++gFund Rating ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐Management Fee 1.5  1.5  1.5  1.5 1.5 1.5 1.5 1.5 1.5

Return (1M) 0.91 1.93 2.05 1.71 2.80 3.29 0.67 4.00 3.57

Return (6M) 29.50 6.06 3.91 28.96 4.39 4.08 23.78 5.82 4.92

Fund [Dec‐16] [Dec‐16] [Dec‐16] [Dec‐16] [Dec‐16] [Dec‐16] [Dec‐16] [Dec‐16] [Dec‐16]Oil & Gas MarketingOil & Gas Marketing Companies ‐ ‐ ‐ 9 ‐ ‐ ‐ ‐ ‐

Power Generation & Distribution ‐ ‐ ‐ ‐ ‐ ‐ 12.3 ‐ ‐

Fertilizer ‐ ‐ ‐ 10 ‐ ‐ 9.9 ‐ ‐Equities 95.17 ‐ ‐ 93.7 ‐ ‐ 92.72 ‐ ‐Cement ‐ ‐ ‐ 17.3 ‐ ‐ 19.1 ‐ ‐Chemicals ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐GOP G. Securities ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐T. Bill ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐TFC / Sukuk ‐ 9.97 ‐ ‐ ‐ ‐ 6.44 ‐PIB ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐Placement with Bank ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐GOP Ijarah Sukuk ‐ 78.86 38.31 ‐ 43.2 8.6 ‐ 32.79 ‐C h 4 28 8 61 12 5 1 54 7 89 7 5 40 59 66 96 14

Note: This report is produced by BMA Capital Management Limited and is only for the use of their clients While the information contained

Cash 4.28 8 61.12 5.1 54.7 89.7 5.40 59.66 96.14Other Assets 0.56 3.17 0.58 1.2 2.1 1.7 1.87 1.11 3.86AUM(mn)Jan‐2017 103.5174 48.2811 35.5549 781.7 278.7 185.8 209.2161 94.4107 67.3395AUM(mn)Dec‐2016 101.5660 48.6135 35.5626 729.7 269.5 178.2 210.85 86.79 64.08

Note: All Returns are Absolute 

Note: This report is produced by BMA Capital Management Limited and is only for the use of their clients. While the information containedherein is from sources believed reliable, we do not represent that it is accurate or complete and should not be relied upon as such. This reportis for information only and is not an offer to buy or sell, or solicitation of any offer to buy or sell the funds mentioned.