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Date: 01‐06‐2018

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)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)Alfalah Cash Fund (ALGHP CF)

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

JS Cash Fund (JS CF)

AHI PCF NAFA GSLF UBL LPF MCB

CMOPASKARI SCF BMA ECF Atlas

MMFLaksonMMF

ALGHP CF JS CF

AMC Rating AM2++ AM1 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 0 45 1 1 0 5Management Fee 0.25 1 1 1 0.75 0 0.45 1 1 0.5

Return (1M) 4.50 4.94 4.98 5.05 5.03 3.78 4.99 5.13 3.88 5.03

Return (6M) 4.52 5.23 5.51 5.33 5.31 4.18 5.41 5.37 4.66 5.19

Fund [Apr‐18] [Apr‐18] [Apr‐18] [Apr‐18] [Apr‐18] [Apr‐18] [Apr‐18] [Apr‐18] [Apr‐18] [Apr‐18]

Cash & Equivalent 8.8 17.6 10 44.4 8.39 99.06 1 0.5 2 99.27T‐Bills 90.9 74.3 81 55.2 90.8 ‐ 98.6 89.4 97.3 ‐T Bills 90.9 74.3 81 55.2 90.8 98.6 89.4 97.3

Placements ‐ 7.7 9 ‐ ‐ ‐ ‐ ‐ ‐ ‐

Comm. Papers ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐TDRs ‐ ‐ ‐ ‐ ‐ ‐ ‐ 9.8 ‐ ‐PIBs ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐TFCs ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐Government Secs. ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐Other Assets 0.3 0.4 ‐ 0.4 0.81 0.94 0.4 0.3 0.7 0.73GOP Ijarah ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐AUM(mn)April‐2018 447 5,197 14,875 14,925 618 92 15 6,816 22 511

AUM(mn)March‐2018 506 5,286 11,416 16,022 780 90 13,654 6,931 22 595

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: 01‐06‐2018

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)HBL 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 HBL CF FAYSAL

MMFFirst Habib

CF AKD CF NAFA MMF UBL MMF

AMC Rating AM2+ AM2 AM2+ AM2 AM3+ AM3+ AM3++ AM1 AM2++Fund Rating AA+(f) AA(f) AA(f) AA(f) AA(f) AA(f) AA+(f) AA (f) AAManagement Fee 1 1 0.75 0.5 0.8 0.85 0.4 1 1g

Return (1M) 5.11 4.89 4.69 5.13 4.83 5.03 4.30 5.05 4.81

Return (6M) 5.44 5.31 5.27 5.38 5.18 5.31 4.61 5.50 5.27

Fund [Apr‐18] [Apr‐18] [Apr‐18] [Apr‐18] [Apr‐18] [Apr‐18] [Apr‐18] [Apr‐18] [Apr‐18]

Cash & Equivalent 0.8 1.53 10.25 0.46 2.27 1.31 1.09 85.8 1T‐Bill 98.5 82.21 89.28 82.92 97.3 75.26 98.75 3.1 88Placements ‐ ‐ ‐ ‐ ‐ 23.138 ‐ 10.6 10Comm. Papers ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐TDRs ‐ 15.67 ‐ 16.06 ‐ ‐ ‐ ‐ ‐PIBs ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐TFCs ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐Government Secs. ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐hOther Assets 0.7 0.6 0.47 0.56 0.43 0.296 0.16 0.5 1

GOP Ijarah ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐

AUM(mn)April‐2018 4,276 5,903 15,320 12,418 2,198 2,780 150 24,162 1,124

AUM(mn)March‐2018 2,975 5,552 16,393 11,198 2,557 2,520 116 23,522 1,220

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: 01‐06‐2018

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)

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

AMC Rating AM2+ AM2++ AM2+ AM2 AM2+ AM3+ AM3+ AM1Fund Rating A(f) A+(f) AA‐(f) A(f) A+(f) A+ AA‐(f) A+(f)Management Fee 1.5 1.5 0.8 1.5 1.25 1.35 0.5 1.5

Return (1M) 4.77 6.17 5.70 6.39 6.77 4.27 8.07 6.41

Return (6M) 4.64 4.61 4.72 5.28 4.81 4.51 4.91 5.67

Fund [Apr‐18] [Apr‐18] [Apr‐18] [Apr‐18] [Apr‐18] [Apr‐18] [Apr‐18] [Apr‐18]

Cash & Equivalent 61.61 48.1 12.8 19.47 71.1 7.1 66.43 60.8

T‐Bills ‐ 1.7 53.1 ‐ ‐ 73.67 ‐ ‐

Placements ‐ ‐ ‐ ‐ ‐ ‐ ‐ 9.3

Comm. Papers ‐ ‐ 0.1 4.21 ‐ ‐ ‐ ‐

TDRs ‐ ‐ ‐ 32.3 ‐ 9.27 ‐ 12.2

PIBs ‐ 0.5 ‐ ‐ ‐ ‐ ‐ ‐

TFCs / Sukuks 32.83 43.3 24.2 33.93 26.5 8.98 32.19 16.1

Government Secs. ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐

Oth A t 3 02 2 1 6 4 28 2 3 0 99 1 39 1 6Other Assets 3.02 2 1.6 4.28 2.3 0.99 1.39 1.6

GOP Ijarah ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐

AUM(mn)April‐2018 2,651 1,355 8310 2,992 362 181 113 2,570

AUM(mn)March‐2018 2,894 1,342 8,307 3,104 386 181 117 2,217


Date: 01‐06‐2018

Income Funds

Income FundsJS Income Fund (JS IF)

Investing Safely


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


JS IF MCB DCF IF NAFA SPF NIT IF HBL GSF 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) 7.69 4.77 5.51 5.70 4.83 5.34 4.95 5.62

Return (6M) 5.75 4.57 5.42 5.11 4.68 5.48 5.08 5.33


Cash & Equivalent 34.48 42.2 48.7 47.44 61.88 53.4 26 69.7T‐Bills ‐ 4.8 4.9 25.83 ‐ 2.3 8 ‐Placements ‐ ‐ 9 ‐ ‐ 9.1 ‐ ‐Comm. Papers ‐ ‐ ‐ ‐ ‐ ‐ ‐ 3.4TDRs ‐ 1.6 8.9 ‐ 17.8 4.9 ‐ 12.7PIBs ‐ ‐ ‐ ‐ 16.87 ‐ 23 ‐TFCs / Sukuk 45.39 29.4 ‐ 17.63 ‐ 22.1 3 7.5Government Secs. ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐Oth A t 20 12 13 9 0 4 2 15 2 12 2 1 3 1 8Other Assets 20.12 13.9 0.4 2.15 2.12 2.1 3 1.8GOP Ijarah ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐

AUM(mn)April‐2018 2,534 4,623 492 5,630 314 8,226 639 4,677

AUM(mn)March‐2018 2,762 4,629 474 5,290 336 7,822 734 5,121


Date: 01‐06‐2018

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


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

AMC Rating AM2++ AM2++ AM2+ AM1 AM2+ AM2++ AM3+ AM3+

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

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

Return (1M) 4.66 5.05 4.91 5.19 5.22 5.74 6.46 8.81

Return (6M) 4.92 4.85 5.08 5.11 5.01 5.07 5.15 5.12


Cash & Equivalent 7.07 11 48.3 28.3 47.4 3.8 25.32 35.99

T‐Bills 90.87 82 40.51 70.9 42.9 91.4 4.5 4.47

Placements ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐

Comm. Papers ‐ ‐ ‐ ‐ ‐ ‐ 2.64 3.54

TDRs ‐ ‐ ‐ ‐ ‐ ‐ 11.36 ‐

PIBs ‐ 6 ‐ ‐ ‐ 4.1 ‐ ‐

TFCs ‐ ‐ 9.35 ‐ 9.1 ‐ 18.93 42.93

Government Secs. ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐

Other Assets 2 07 1 1 84 0 8 0 6 0 7 1 05 1 41Other Assets 2.07 1 1.84 0.8 0.6 0.7 1.05 1.41

GOP Ijarah ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐

AUM(mn)April‐2018 3,980 1,974 3,075 143 1,015 662 865 2,177

AUM(mn)March‐2018 3,990 2,331 2,815 156 1,293 704 857 2,216



Date: 01‐06‐2018

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


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

AMC Rating AM3++ AM2++ AM2+ AM2 AM2+ AM1 AM2++ AM2++Fund Rating 5 Star ‐ 4 Star 2 Star 3 Star 4 Star ‐ 2 StarManagement Fee% 2 2 2 2 2 2 1.20 2

Return (1M) (5.99) (4.53) (4.44) (4.05) (4.17) (4.21) (5.77) (5.01)

Return (6M) 4.14 8.16 9.75 6.53 4.48 7.76 6.22 6.53

Sector [Apr‐18] [Apr‐18] [Apr‐18] [Apr‐18] [Apr‐18] [Apr‐18] [Apr‐18] [Apr‐18]

Chemicals ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐Construction and Materials ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐

Banks 23.64 24.4 23.8 23.14 25.37 20.9 12 21

Other 15.7 22.3 ‐ 18.33 15.24 25.5 50 24

Investment Companies and Banks ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐

Textile Composite 4.2 5.6 3.3 ‐ ‐ 6.9 5 ‐

Cement 5.29 11.6 6.3 ‐ 6 8.3 ‐ 8

Power Generation ‐ ‐ 6.1 6.87 ‐ ‐ ‐ 7Oil Marketing Companies ‐ ‐ 4.8 6.57 ‐ ‐ 14 ‐Oil and Gas Exploration 24.5 21.7 19.4 20.87 20.03 17.6 6 17Automobile parts and Accessories ‐ ‐ 2.1 ‐ ‐ ‐ ‐ ‐Technology and Communication 10.3 5.5 11.5 10.39 17.25 ‐ ‐ 10Fertilizer ‐ ‐ ‐ ‐ ‐ 11.2 ‐ ‐

AUM (mn)April‐2018 2,921 11,465 5,687 6,487 2,549 17,271 77,417 7,515

AUM (mn)March‐2018 2,862 11,156 5,658 6,366 2,383 17,039 75,929 7,254


Note: All Returns are Absolute

Date: 01‐06‐2018

Equity Fund

Equity FundsABL Stock Fund

Investing Safely

Key BenefitsLong term growth.

Alfalah GHP AFFirst Habib Stock FundLakson Equity FundJS LCFAskari Equity FundHBL Equity Fund


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

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

Fund Rating 4 Star 2 Star 3 Star 4 Star A+ 3 Star 2 Star

Management Fee% 2 1.75 2 2 2 2 2

Return (1M) (4.47) (4.14) (3.54) (5.06) (3.29) (5.41) (4.15)

Return (6M) 4 05 4 32 5 24 5 30 6 89 (0 89) 6 92Return (6M) 4.05 4.32 5.24 5.30 6.89 (0.89) 6.92

Sector [Apr‐18] [Apr‐18] [Apr‐18] [Apr‐18] [Apr‐18] [Apr‐18] [Apr‐18]

Chemicals ‐ ‐ ‐ 11.3 5.53 ‐ ‐Construction and Materials ‐ ‐ 23.64 7.6 ‐ ‐ 21.19

Banks 26.74 25.73 15.70 22.2 23.11 17.11 17.53

Other 12.64 15.16 ‐ 15.9 34.41 26.55 ‐

I t t C i d B k 4 20Investment Companies and Banks ‐ ‐ 4.20 ‐ ‐ ‐ ‐

Textile Composite 4.68 ‐ 5.29 ‐ ‐ ‐ ‐Cement 8.64 5.5 ‐ ‐ ‐ 9.29 5.51Power Generation 3.23 ‐ ‐ ‐ 11.51 4.26 6.09Oil Marketing Companies 2.33 ‐ 24.50 8.6 5.33 ‐ 19.44

Oil and Gas Exploration 19.43 20.27 ‐ 15.8 13.16 16.69 ‐

Automobile parts and Accessories ‐ ‐ ‐ ‐ ‐ ‐ ‐p

Technology and Communication 8.89 17.36 ‐ ‐ ‐ 5.43 ‐

Fertilizer ‐ ‐ 10.30 ‐ ‐ ‐ 9.74

AUM(mn)April‐2018 7,096 1,793 159 3,563 860 165 344

AUM(mn)March‐2018 6,856 1,668 166 3,602 822 138 347




Date: 01‐06‐2018

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 FundPak Oman Advantage Asset Allocation Fund


UBL Asset Allocation Fund

AlfalalahGHP VF Askari AAF Faysal AAF Lakson

AADMF Lakson TF MCB PakAAF

MCB Pak FPF NAFA AAF Pak Oman

AAAF UBL AAF

AMC Rating AM2+ AM3+ AM3+ AM2+ AM2+ AM2++ AM2++ AM1 AM3 AM2++Fund Rating ‐ 2 Star ‐ ‐ ‐ ‐ ‐ ‐ 2 Star ‐M t F 2 2 2 2 2 2 2 2 2 1Management Fee 2 2 2 2 2 2 2 2 2 1

Return (1M) (3.39) (3.70) (5.51) 1.39 (2.35) (4.18) 0.24 (2.46) (4.15) (1.54)

Return (6M) 3.72 (4.43) 2.56 6.09 5.09 2.69 2.43 5.20 (4.08) 5.07

Fund [Apr‐18] [Apr‐18] [Apr‐18] [Apr‐18] [Apr‐18] [Apr‐18] [Apr‐18] [Apr‐18] [Apr‐18] [Apr‐18]

Cash & Equivalent 2.7 35.09 15.13 5.6 35.1 3.4 15.7 35.9 6.51 38

T Bill 15 59 7 16 4 29 3T‐Bill 15 ‐ ‐ 59.7 ‐ 16.4 29.3 ‐ ‐ ‐Placements ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐Comm. Papers ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐TDRs ‐ ‐ ‐ ‐ 9.8 10 10.5 7.9 ‐ ‐PIBs ‐ ‐ ‐ ‐ 0.1 ‐ ‐ ‐ ‐TFCs / Sukuk 4.6 21.24 ‐ ‐ 7.2 6.5 20.1 ‐ 25.09 6

Government Secs. ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐

Other Assets 1.5 7.44 2.39 0.1 1.9 2 5 2.7 4.49 12

Equities 76.2 36.24 82.49 34.6 43.5 60.9 7.2 53.5 63.91 35AUM(mn)April‐2018 2,257 190 269 266 1,271 3,240 555 3,487 134 2,291

AUM(mn)March‐2018 2,582 211 260 275 1,265 3,420 621 3,698 127 2,344




Date: 01‐06‐2018

Aggressive Fixed Income Funds

Aggressive Fixed Income FundsAlfalah GHPIMF

Investing Safely


AKD Aggressive Income FundAskari High Yield Scheme BMA Chundrigar Road Savings FundFaysal Income and Growth 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.

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) A(f) A+(f)Management Fee 1.25 1.5 1.5 1.5 1.5 1.5 1.5Return (1M) 8.93 6.75 5.43 5.44 8.03 9.52 5.37

Return (6M) 5.02 4.12 5.29 4.49 5.32 6.43 4.67

Fund [Apr‐18] [Apr‐18] [Apr‐18] [Apr‐18] [Apr‐18] [Apr‐18] [Apr‐18]

Cash & Equivalent 24.9 28.49 13.12 85.16 63.33 54 26.9T‐Bill ‐ 11.34 2.09 ‐ ‐ ‐ 1.6Pl tPlacements ‐ ‐ ‐ ‐ ‐ ‐ ‐Comm. Papers ‐ 5.75 ‐ ‐ ‐ ‐ 16.6TDRs ‐ 9.9 12.73 ‐ ‐ ‐ ‐PIBs ‐ ‐ ‐ 0.04 ‐ 10 1.2TFCs 72.6 33.53 62.15 ‐ 35.34 33 40.2Government Secs. ‐ ‐ ‐ ‐ ‐ ‐ ‐Other Assets 2 4 8 78 7 49 3 67 1 32 4 7 1Other Assets 2.4 8.78 7.49 3.67 1.32 4 7.1GOP Ijarah ‐ ‐ ‐ ‐ ‐ ‐ ‐

AUM(mn)April‐2018 518 735 3,334 242 922 1,485 1,514

AUM(mn)March‐2018 726 717 3,803 101 946 1,422 1,532


Date: 01‐06‐2018

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) (5.18) 4.06 4.05 (4.85) 4.35 4.12 (4.09) 5.74 4.91

Return (6M) 10.20 4.13 4.33 7.48 4.54 4.31 10.93 4.86 5.24


Oil & Gas Exploration 18.8 ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐Oil & Gas Exploration 18.8Power Generation & Distribution ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐

Commercial Banks 16.5 ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐Equities 31.8 ‐ ‐ 93 ‐ ‐ 86.7 ‐ ‐

Oil & Gas Marketing ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐

Cement 12.9 ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐GOP Ijara Sukuk ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐T‐Bill ‐ 36.9 60.5 ‐ 33 57 ‐ 83.8 98.4TFC ‐ 21.5 ‐ ‐ 10 ‐ ‐ 6.1 ‐PIB ‐ 2 ‐ ‐ 21 ‐ ‐ ‐ ‐Placement with Bank ‐ ‐ ‐ ‐ ‐ 20 ‐ ‐ ‐Sukuk ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐Cash 5 8 37 2 39 2 7 35 22 8 9 1 2 0 9

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

Cash 5.8 37.2 39.2 7 35 22 8.9 1.2 0.9Other Assets 1.8 0.6 0.3 1 1 ‐ 2.4 1 0.6AUM(mn)April‐2018 833 545 218 1,469 726 665 392 370 260AUM(mn)March‐2018 825 538 183 1,422 735 670 386 371 257



Date: 01‐06‐2018

Pension Funds

Pension FundsABL Pension Fund (ABL PF)

Investing Safely


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


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) (5.84) 6.88 2.99 (4.09) 3.93 4.03 (4.35) 5.34 4.43

Return (6M) 3.70 4.44 3.88 10.29 4.16 4.34 7.74 4.17 4.19


Oil & Gas Exploration ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐Power Generation & Distribution ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐

Commercial Banks ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐Equities 91.17 ‐ ‐ 96.2 ‐ ‐ 93.37 ‐ ‐Oil & Gas Marketing ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐Cement ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐GOP G. Securities ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐T‐Bill ‐ 61.48 71.03 ‐ 59 38.4 ‐ 47.46 55.74TFC ‐ ‐ ‐ ‐ 17.9 ‐ ‐ 26.30 ‐PIB ‐ ‐ ‐ ‐ ‐ ‐ ‐ 0.03 ‐Placement with Bank ‐ ‐ ‐ ‐ ‐ 18.7 ‐ 18.13 ‐Sukuk ‐ 17.46 ‐ ‐ ‐ ‐ ‐ 1.11 17.53


Cash 8.17 18.30 28.68 1.6 21 42,4 5.85 2.74 21.33Other Assets 0.66 2.83 0.29 2.2 2.1 0.5 0.78 1.05 1.07AUM(mn)April‐2018 104 79 55 1,149 345 637 262 186 158AUM(mn)March‐2018 105 54 79 1,110 348 614 151 181 268



Date: 01‐06‐2018

Islamic Cash Funds

Islamic Cash FundsMeezan Cash Funds (Meezan CF)

Investing Safely


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


Meezan CF HBL IMMF Al Ameen ICF

AMC Rating AM1 AM2 AM2++

Fund Rating AA(f) AA(f) AA

Management Fee 1 1 1

Return (1M) 4.41 4.13 5.26

Return (6M) 4.33 4.35 5.23

Fund [Apr‐18] [Apr‐18] [Apr‐18]

Cash & Equivalent 72 99.51 98

T‐Bill ‐ ‐ ‐

Placements ‐ ‐ ‐

Comm. Papers ‐ ‐ ‐

TDRs 24 ‐ ‐

PIBs ‐ ‐ ‐

TFCs ‐ ‐ ‐

Government Secs. ‐ ‐ ‐

Other Assets 4 0 49 2Other Assets 4 0.49 2

GOP Ijarah ‐ ‐ ‐

AUM(mn)April‐2018 8,674 815 5,063

AUM(mn)March‐2018 9,361 845 6,051



Date: 01‐06‐2018

Islamic Income Funds

Islamic Income FundsAtlas Islamic Income Fund

Investing Safely


Meezan Islamic Income FundPak Oman Advantage Islamic Income FundAskari Islamic Income FundAlfalah GHP Islamic Income FundMEEZAN Sovereign Fund


ATLAS IIF MEEZAN IIF PO AIIF ASKARI IIF Alfalah GHP IIF Meezan SF

AMC Rating AM2+ AM1 AM3 AM3+ AM2+ AM1Fund Rating AA‐(f) A‐(f) A(f) A+ A+(f) AA(f)

Management Fee 0.3 1.5 1.5 1.1 1 1Management Fee 0.3 1.5 1.5 1.1 1 1

Return (1M) 5.62 5.49 4.60 5.37 5.89 5.07

Return (6M) 4.91 4.97 5.17 5.29 4.34 3.26

Fund [Apr‐18] [Apr‐18] [Apr‐18] [Apr‐18] [Apr‐18] [Apr‐18]

Cash & Equivalent 88.8 24 49.97 28.33 53.4 24

T‐Bill ‐ ‐ ‐ ‐ ‐ ‐Placements ‐ ‐ ‐ ‐ ‐ ‐

Comm. Papers ‐ 1 ‐ ‐ ‐ ‐

TDRs ‐ 23 14.62 15.3 12 4

PIBs ‐ ‐ ‐ ‐ ‐ ‐TFCs / Sukuk 10.1 36 33.04 52.11 33.5 ‐

Government Secs. ‐ 5 ‐ ‐ ‐ 70

Other Assets 1.1 2 2.36 4.26 1.1 2

GOP Ijarah ‐ ‐ ‐ ‐ ‐ ‐

AUM(mn)April‐2018 986 9,819 338 380 1,654 2,131

AUM(mn)March‐2018 983 10,458 250 380 2,213 2,177




Date: 01‐06‐2018



Investing Safely


Faysal Islamic Savings GrowthABL Islamic Income FundNAFA Riba Free Savings FundNAFA Islamic Income FundAl ameen Islamic Sovereign FundAlhamra Islamic Income Fund


Faysal ISGF ABL IIF NAFA RFSF NAFA IIF Al Ameen ISF Al Hamra IIF

AMC Rating AM3+ AM2+ AM1 AM1 AM2++ AM2++

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

Management Fee 1.5 1 1.25 1 1 0.25g

Return (1M) 5.43 4.11 5.40 5.38 5.12 5.41

Return (6M) 4.44 4.37 5.32 5.12 3.67 5.08

Fund [Apr‐18] [Apr‐18] [Apr‐18] [Apr‐18] [Apr‐18] [Apr‐18]

Cash & Equivalent 40.21 64.74 91.7 88.8 14 56.6

T‐Bill ‐ ‐ ‐ ‐ ‐ ‐

Placements ‐ ‐ ‐ ‐ ‐ ‐

Comm. Papers 11.12 ‐ 4.3 ‐ ‐ 5.5

TDRs ‐ 8.13 ‐ ‐ 10 ‐

PIBs ‐ ‐ ‐ ‐ ‐ ‐

TFCs / Sukuk 47.09 22.19 ‐ 10.1 ‐ 25.5

Government Secs. ‐ ‐ ‐ ‐ ‐ ‐

Other Assets 1.59 4.94 1.1 1.1 2 1.2

GOP Ijarah ‐ ‐ 2.9 ‐ 75 2

AUM(mn)April‐2018 1,069 6,001 3,449 4,012 5,380 2,674

AUM(mn)March‐2018 1,136 6,087 3,477 3,768 4,907 3,200




Date: 01‐06‐2018

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)Al ameen Shariah Stock Fund NAFA Islamic Stock FundAlfalah GHP Islamic Stock Fund HBL Islamic Stock Fund (HBL ISF) Al Meezan Mutual Fund (AMMF) ABL Islamic Stock Fund


ATLAS ISF JS ISF MEEZAN ISF

Al AmeenSSF NAFA ISF Alfalah

GHP ISF HBL ISF AMMF ABL ISF

AMC Rating AM2+ AM2 AM1 AM2++ AM1 AM2 AM2 AM1 AM2+Fund Rating 4 Star 5 Star 3 Star 4 Star ‐ ‐ 1 Star 3 Star 4 StarManagement Fee 2 2 2 2 2 2 2 2 2

Return (1M) (4.06) (4.28) (6.05) (4.27) (4.21) (4.04) (3.78) (6.13) (3.57)

Return (6M) 5.64 1.10 3.32 5.07 5.01 4.13 5.14 3.97 3.57

Sector [Apr‐18] [Apr‐18] [Apr‐18] [Apr‐18] [Apr‐18] [Apr‐18] [Apr‐18] [Apr‐18] [Apr‐18]Banks 3.6 ‐ ‐ ‐ ‐ ‐ ‐ ‐ 4.49Other ‐ 38.42 29 25 6.6 15.73 24.35 29 16Investment Companies and Banks ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐

Textile Composite 4.1 ‐ ‐ ‐ ‐ ‐ ‐ ‐ 4.7Cement 10.4 ‐ 15 12 11.4 11.83 ‐ 16 11.51Power Generation 9.6 11.93 7 9 6.6 ‐ 9.15 7 3.81Oil Marketing Companies 5.5 5.35 10 5 7.6 9.08 8.68 10 4.91Oil and Gas Exploration 26 27.07 26 22 23.0 28.13 23.89 24 26.81Automobile parts and Accessories 2.4 ‐ ‐ ‐ ‐ ‐ ‐ ‐ 1.39

Technology and Communication ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐CommunicationFertilizer 14.3 7.67 13 12 12.4 18.56 13.47 14 11.68Food and Personal Care Products ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐

AUM(mn)April‐2018 2,395 1,511 43,047 7,460 8,125 4,248 2,343 7,553 2,226

AUM(mn)March‐2018 2,397 1,516 43,209 7,391 7,840 4,202 2,493 7,550 2,490

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.


Date: 01‐06‐2018

Islamic Asset Allocation Funds

Islamic Asset Allocation FundsAl Ameen Islamic Asset Allocation Fund Fund

Investing Safely


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 FundAlhamra Islamic Asset Allocation Fund


Al AmeenIAAF

AskariIAAF Faysal IAAF HBL IAAF Lakson ITF Meezan

AAF NAFA IAAF Pak Oman IAAF

AlhamraIAAF

AMC Rating AM2++ AM3+ AM3+ AM2 AM2+ AM1 AM1 AM3 AM2++

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

Management Fee% 2 2 2 1.5 2 1.5 2 2 2

Return (1M) (1.46) (3.83) (5.70) (0.90) (2.26) (5.34) (2.32) (3.36) (2.71)

Return (6M) 3.88 (1.77) (1.10) 2.80 3.81 3.67 3.40 (2.73) 3.04


Cash & Equivalent 50 21.05 16.63 44.84 41.9 17.1 46.2 22.2 43.3

T‐Bill ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐

Placements ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐

Comm. Papers ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐

TDRs 10 ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐

PIBs ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐

TFCs / Sukuk 1 ‐ ‐ 28.89 5.8 ‐ ‐ 10.76 ‐

Government Secs. ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐

Other Assets 1 4.48 1.33 1.28 2.8 0.8 0.8 2.29 1.3

GOP Ijarah ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐

Equities 38 74.47 82.04 24.99 43.8 82.1 53 64.74 52.6

AUM(mn)April‐2018 7,058 159 478 2,845 171 3,130 12,438 220 3,373

AUM(mn)March‐2018 7,381 176 452 2,891 169 3,060 12,349 221 3,171




Date: 01‐06‐2018

ISLAMIC AGGRESSIVE FIXED INCOME FUNDS

Islamic Aggressive Fixed Income FundsAl‐Ameen Islamic Aggressive Income

Investing Safely

Key BenefitsHigher yielding debt instruments.gg

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

Al‐Ameen IAIF

AMC Rating AM2++Fund Rating BBB+Management Fee 1.5

Return (1M) 4.14( )

Return (6M) 3.63

Fund [Apr‐18]

Cash & Equivalent 52T‐Bill ‐Placements ‐Comm Papers ‐Comm. Papers ‐TDRs 20PIBs ‐TFCs / Sukuk 26Government Secs. ‐Other Assets 2GOP Ijarah ‐

AUM(mn)April‐2018 921

AUM(mn)March‐2018 1,039



Date: 01‐06‐2018

Islamic Pension Funds

Islamic Pension FundsAlhamra Islamic Pension Fund (PIPF)

Investing Safely


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


Alhamra IPF 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) (5.36) 3.86 3.29 (4.76) 4.28 3.93 (4.19) 4.79 3.57

Return (6M) 7.69 3.44 3.33 6.15 3.54 3.61 5.73 3.86 4.14

Fund [Apr‐18] [Apr‐18] [Apr‐18] [Apr‐18] [Apr‐18] [Apr‐18] [Apr‐18] [Apr‐18] [Apr‐18]Oil & Gas ExplorationOil & Gas ExplorationCompanies 25.3 ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐

Power Generation & Distribution 6.9 ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐

Fertilizer 11 ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐Equities 34.1 ‐ ‐ 91 ‐ ‐ 88.5 ‐ ‐Cement 12.7 ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐Chemicals ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ChemicalsGOP G. Securities ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐T. Bill ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐TFC / Sukuk ‐ 12.3 ‐ ‐ 2 ‐ ‐ 6.1 ‐PIB ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐Placement with Bank ‐ ‐ ‐ ‐ 19 37 ‐ ‐ 18.6GOP Ijarah Sukuk ‐ 28 10.8 ‐ 27 13 ‐ 34.7 18.7


Cash 3.1 49.3 70.5 8 49 47 10.7 58 61.7Other Assets 2.1 1.2 0.7 1 3 4 0.8 1.2 1AUM(mn)April‐2018 472 215 83 1,620 599 385 437 370 267AUM(mn)March‐2018 463 211 82 1,556 571 374 433 366 261



Date: 01‐06‐2018

Islamic Pension Funds

Islamic Pension FundsABL Islamic Pension Fund (ABL PF)

Investing Safely


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


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) (4.78) 4.05 2.08 (4.32) 3.70 3.75 (3.92) 3.45 3.13

Return (6M) 5.48 2.23 1.78 6.44 2.94 3.76 6.27 2.91 3.30

Fund [Apr‐18] [Apr‐18] [Apr‐18] [Apr‐18] [Apr‐18] [Apr‐18] [Apr‐18] [Apr‐18] [Apr‐18]Oil & Gas MarketingOil & Gas Marketing Companies ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐

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

Fertilizer ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐Equities 91.12 ‐ ‐ 95.1 ‐ ‐ 86.02 ‐ ‐Cement ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐Chemicals ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ChemicalsGOP G. Securities ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐T. Bill ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐TFC / Sukuk ‐ 7.58 ‐ ‐ ‐ ‐ ‐ 7.52 3.87PIB ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐Placement with Bank ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 16.18GOP Ijarah Sukuk ‐ 81.61 27.10 ‐ 30.6 ‐ ‐ 24.47 ‐


Cash 7.57 6.50 71.70 3.3 65.7 99.3 11.76 61.32 78.17Other Assets 1.30 4.31 1.20 1.6 ‐ 0.7 3.22 3.64 1.78AUM(mn)April‐2018 81 48 38 1,007 369 318 170 103 76AUM(mn)March‐2018 80 48 38 994 369 316 170 97 75



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