save, invest & enjoy...mr.mokhzani izhar bin haji abu bakar director ba (hons) in accounting &...
TRANSCRIPT
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SAVE, INVEST & ENJOY
A wholly owned subsidiary of
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www.primusinvestments.comwww.primusinvestments.com
Primus Investment Management Limited is a wholly subsidiary of Pak Brunei which came inplace as a joint venture between Government of Pakistan and Brunei Investment Agency(BIA). Primus primary goal is social and financial development in the society. To achieve thepurpose of safeguarding the future and development of the society.
PRIMUS Investment Management Limited (PIML) is a public, unlisted Non- Banking FinanceCompany, the company is a 100% subsidiary of Pak Brunei Investment Company and wasgranted license by the SECP to undertake Asset Management & Investment Advisory Serviceson December 23, 2011.
Managing total assets of over PKR 7 billion in 6 open-end funds. 4 Conventional and 2 ShariahCompliant Funds, year end closing as of 31st April 2016.
Our PIML Daily Reserve Fund and PIML Income Fund are best performance funds in theirrespective category.
Awarded 3 Star rating in Islamic Equity Fund and 4 Star rating for PIML Strategic Multi AssetFund by PACRA .
About PRIMUS
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Awarded by PACRA or JCR-VIS AM1 (Highest Management Quality)
Rating of Asset Management Companies (AMCs) as of April 2016
AM2 (Very High Investment Management Standards)
AMCs Rating Agency
MCB-Arif Habib Savings and Investments Limited AM2+ PACRA
NBP Fullerton Asset Management Limited AM2+ PACRA
Al Meezan Investment Management Limited AM2+ JCR-VIS
UBL Fund Managers Limited AM2+ JCR-VIS
ABL Asset Management Company Limited AM2 JCR-VIS
Atlas Asset Management Limited AM2- PACRA
PICIC Asset Management Company Limited AM2- JCR-VIS
National Investment Trust Limited AM2 PACRA
JS Investments Limited AM2- JCR-VIS
HBL Asset Management Limited AM2- JCR-VIS
Lakson Investments Limited AM2- PACRA
Alfalah GHP Investment Management Limited AM2- PACRA
AM3 (Good Management Quality)
AMCs Rating Agency
Primus Investment Management Limited AM3+ PACRA
Askari Investment Management Limited AM3+ JCR-VIS
Faysal Asset Management Limited AM3+ JCR-VIS
BMA Asset Management Company Limited AM3 PACRA
Habib Asset Management Limited AM3 PACRA
AKD Investment Management Limited AM3 JCR-VIS
AM4 (Adequate Management Quality)
AMCs Rating Agency
First Capital Investments Limited AM4+ PACRA
Pak Oman Asset Management Company Limited AM4+ JCR-VIS
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Board of Directors & Management
Board of Directors
Mr. Khalid Aziz Mirza Chairman MBA
Ms. Ayesha Aziz Director MBA & CFA
Mr.Mokhzani Izhar Bin Haji Abu Bakar Director BA (Hons) in Accounting & Financial Management
Mr. Zafar Iqbal Sobani Director CA
Mr. Ahmed Ateeq Director MBA
Management Team
Mr. Ahmed Ateeq Chief Executive Officer MBA
Ms. Rida Jiwani Chief Strategy Officer B.Sc Management
Mr. M. Samir Malik Chief Investment Officer B.Sc (Honors) in Account & Finance & CFA
Ms. Rahaila Aleem Chief Financial Officer CA
Mr. Asif Iqbal Head of Risk & Compliance Bachelors in Accounts & Finance
Mr. Muhammad Babar Din Unit Head Finance & Operations B.Com & CMA (PK) Finalist
Mr. Shafiq ur Rehman Bhatti Head – Sales & Distribution South M.Sc & MBA
Muhammad Saeed Khalid Research Analyst MA Economics
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Investment Philosophy
Short Term (5 years)
High Growth Equity
Medium Term
(2-5 years)
Moderate Growth
Fixed Income / Asset Allocation
Strategy
• To create value for investors by offering innovative investment solutions to cater to varying investment needs – keeping in line with investors’ risk profile.
• We recommend the most suitable asset class based on the investment horizon and need assessment of an Investor.
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Our Funds
PIML is currently managing the following funds:
Conventional Funds
PIML – Income Fund (Fixed Income, Long Term, Low Risk)
PIML – Daily Reserve Fund (Fixed Income, Short term, Low Risk )
PIML – Strategic Multi Asset Fund (Equity, Fixed Income, Long Term, Medium Risk)
PIML – Value Equity Fund (Equity, Long term, High Risk
PIML – Asset Allocation Fund
Sha'riah Compliant Funds
PIML – Islamic Income Fund (Fixed Income, Long Term, Low Risk)
PIML – Islamic Equity Fund (Equity, Long Term, High Risk)
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Money Market / Income Category
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PIML-Daily Reserve Fund
Asset Allocation as of April 2016PIML-DRF Vs Peer Group (AAR) April 2016
Benchmark:50% 3 months PKRV + 3 months average deposit rate of AA & Above rated Banks
Returns Vs Benchmark since inception
Fund Details Fund Rating Fund Size
April 2016 AA by PACRA Over 626 millions
9.49%
7.31%
Ret
urn
sR
etu
rns
As of April 2016
Annualized Returns 5.32%
Benchmark 5.06%
Peer Group Average 5.16%
Standard Deviation 0.35%
Sharp Ratio 0.03
8
6.1
6%
5.3
2%
3.4
9%
5.3
6%
5.3
7%
5.4
4%
5.9
8%
6.1
0%
6.3
3%
5.5
9%
5.1
6%
5.2
3%
5.1
8%
5.1
5%
5.1
2%
5.2
4%
5.5
2% 6.27%
0%
1%
2%
3%
4%
5%
6%
7%
* YTD MTD 1 Day 15 Days 30 Days 90 Days 180 Days 270 Days 365 Days
PIML DRF Industry
Cash17.38%
Placements With Banks
12.43%
Placements With Dfis23.30%
Tbills46.04%
Others Including Receivables
0.84%
0%
2%
4%
6%
8%
10%
12%
14%
Jan
-13
Mar
-13
May
-13
Jul-
13
Sep
-13
No
v-1
3
Jan
-14
Mar
-14
May
-14
Jul-
14
Sep
-14
No
v-1
4
Jan
-15
Mar
-15
May
-15
Jul-
15
Sep
-15
No
v-1
5
Jan
-16
Mar
-16
PDRF Benchmark
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Money Market Fund’s Consistency & OutperformancePast 12 months Performance Summary (Month wise)
* approximate MTD return
9
Money Market
Past 12 month Performance summary (Month wise) 2016 2015
To
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Name Rating April March February January Decemeber November October September August July June May
Atlas Money Market Fund AA+ 6.09% 5.46% 5.41% 5.74% 5.74% 5.26% 6.09% 6.62% 6.12% 6.54% 8.92% 7.06% 11 9 1
PIML Daily Reserve Fund AA+ 5.32% 5.11% 5.82% 5.96% 5.96% 6.72% 5.41% 6.48% 5.82% 6.31% 5.82% 7.77% 10 7 2
NAFA money Market Fund AA 5.83% 6.45% 6.45% 5.74% 5.74% 5.09% 5.70% 6.56% 5.30% 7.60% 11.30% 6.78% 10 7 2
Pakistan Cash Management Fund AAA 5.55% 5.63% 0.00% 5.79% 5.79% 5.29% 6.01% 5.95% 5.79% 6.09% 13.34% 6.81% 10 7 2
PICIC Cash Fund AA 5.37% 5.22% 0.00% 0.00% 0.00% 5.40% 6.49% 6.36% 5.78% 6.39% 24.48% 7.26% 9 5 3
Atlas Sovereign Liquid Fund AA+ 5.86% 5.08% 5.08% 5.50% 5.50% 5.15% 5.80% 6.45% 5.91% 6.64% 14.22% 6.53% 11 5 1
JS Cash Fund AA+ 5.18% 5.54% 5.47% 5.80% 5.80% 4.59% 5.70% 6.20% 5.72% 5.87% 14.10% 6.65% 9 5 3
MCB Cash Management Optimizer AA 4.89% 4.98% 4.94% 5.73% 5.73% 5.29% 6.13% 6.18% 5.80% 5.94% 11.42% 6.83% 10 3 2
ABL Cash Fund AA 4.99% 5.03% 5.13% 5.25% 5.25% 4.93% 5.91% 5.97% 5.46% 5.75% 16.88% 7.15% 7 3 5
Askari Sovereign Cash Fund AAA 5.45% 4.96% 4.89% 11.78% 5.01% 5.04% 5.55% 6.32% 5.57% 7.07% 10.60% 7.21% 9 3 3
Lakson Money Market Fund AA 5.64% 5.27% 5.37% 4.90% 4.90% 4.78% 5.39% 5.65% 5.32% 5.47% 8.94% 6.28% 3 3 9
BMA Empress Cash Fund AA+ 3.84% 3.64% 4.70% 4.01% 4.01% 3.59% 4.57% 5.65% 5.18% 13.93% 6.45% 6.37% 1 1 11
AKD Cash Fund AA+ 5.00% 4.99% 5.05% 5.07% 5.07% 5.02% 5.29% 5.97% 5.58% 6.03% 6.60% 7.31% 7 1 5
HBL Money Market Fund AA 4.28% 0.00% 4.60% 5.47% 5.47% 4.96% 5.48% 5.70% 5.18% 5.62% 14.26% 6.33% 3 1 9
KASB Cash Fund AA 0.00% 0.00% 0.00% 0.00% 0.00% 6.76% 4.63% 5.61% 5.57% 5.78% 4.95% 6.41% 2 1 10
Alfalah GHP cash Fund AAA 4.71% 4.61% 5.03% 5.65% 5.31% 4.66% 5.44% 5.94% 5.55% 5.55% 10.39% 6.46% 4 0 8
UBL Liquidity Plus Fund AA 4.84% 4.77% 4.80% 5.05% 5.05% 4.82% 5.53% 5.62% 5.16% 5.56% 10.26% 6.86% 1 0 11
UBL Money Market Fund AA 0.00% 4.34% 4.66% 4.93% 4.93% 4.96% 5.17% 5.40% 5.42% 4.81% 5.32% 7.02% 1 0 11
First Habib Cash Fund AA 5.03% 4.97% 4.84% 4.97% 4.97% 4.81% 5.66% 5.81% 5.44% 5.62% 6.36% 6.60% 2 0 10
PDRF Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2016 5.96% 5.82% 5.11% 5.32%
2015 10.22% 8.26% 8.18% 15.78% 7.77% 5.82% 6.31% 5.82% 6.48% 5.41% 6.72% 5.96%
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PIML-Income Fund
Asset Allocation as of April 2016PIML-IF Vs Peer Group (AAR) April 2016
Return Vs Benchmark since inception
Benchmark:70% 6 month KIBOR & 30% average of 6 months deposit rate of 3 banks rated AA- & above
Fund Details Fund Rating Fund Size
As of April 2016 A+ by PACRA Over 6,097 millions
13.20%
7.52%
Re
turn
sR
etu
rns
As of April 2016
Annualized Returns 5.77%
Benchmark 5.72%
Peer Group Average 2.07%
Standard Deviation 1.68%
Sharpe Ratio 3.03
10
11
.19
%
5.7
7%
-9.7
9% -5
.43
%
6.0
1%
11
.02
%
9.8
0%
10
.49
%
8.3
8%
7.0
1%
2.0
7%
-0.2
2%
-1.2
1%
2.4
5%
5.4
5%
5.4
5%
6.4
9%
6.4
7%
-15%
-10%
-5%
0%
5%
10%
15%
* YTD MTD 1 Day 15 Days 30 Days 90 Days 180 Days 270 Days 365 Days
PIML IF Industry
Cash24.85%
Placements With Banks
16.59%
Tfcs/Sukkuks3.40%
Pibs48.34%
Tbills3.98%
Commercial Papers1.27%
Others Including Receivables
1.57%
0%
2%
4%
6%
8%
10%
12%
14%
16%
Au
g-1
2
Oct
-12
Dec
-12
Feb
-13
Ap
r-1
3
Jun
-13
Au
g-1
3
Oct
-13
Dec
-13
Feb
-14
Ap
r-1
4
Jun
-14
Au
g-1
4
Oct
-14
Dec
-14
Feb
-15
Ap
r-1
5
Jun
-15
Au
g-1
5
Oct
-15
Dec
-15
Feb
-16
Ap
r-1
6
PIF Benchmark
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Income Fund’s Consistency & OutperformancePast 12 months Performance Summary (Month wise)
* approximate MTD return
11
IncomePast 12 month Performance summary (Month wise) 2016 2015
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Name Rating April March February January December November October September August July June May
PIML Income Fund A+ 5.77% 7.88% 18.82% 10.49% 10.49% 0.55% 12.68% 8.71% 13.76% 14.60% -13.74% 3.20% 8 8 3
Askari Sovereign Yield Enhancer AA- 1.17% 5.12% 15.28% 11.78% 8.07% 0.33% 14.83% 9.71% 13.50% 13.61% -11.28% 6.41% 7 6 3
NAFA Income Opportunity Fund A- 4.75% 7.41% 6.59% 7.45% 7.45% 5.61% 8.31% 6.67% 7.27% 11.90% 13.00% 8.48% 9 5 2
Lakson Income Fund A+ 2.94% 5.76% 9.79% 6.59% 6.59% 1.56% 11.08% 6.36% 13.19% 15.47% 10.13% 14.46% 8 4 1
UBL Income Opportunity Fund A+ 0.00% 5.09% 6.58% 8.68% 8.68% 3.95% 1.56% 6.36% 8.44% 4.30% 10.64% 1.46% 4 3 6
ABL Government Securities Fund A+ -1.27% 5.31% 6.76% 9.77% 4.31% 0.57% 11.80% 8.97% 12.75% 9.39% -7.37% 3.01% 4 3 6
PICIC Income Fund A+ 0.13% 6.15% 13.17% 12.51% 6.52% 0.58% 11.25% 29.20% 7.50% 8.17% -3.58% 5.41% 6 3 3
NAFA Income Fund A- 4.68% 7.45% 6.30% 7.82% 7.82% 5.21% 6.21% 8.09% 7.50% 8.30% 4.31% 8.40% 7 3 1
NAFA Financial Sector Income Fund A+ 5.44% 7.19% 6.07% 7.69% 7.69% 3.86% 6.05% 5.82% 6.49% 7.50% 5.90% 12.20% 7 3 4
Pak Oman Government Securities Fund AA -5.07% 8.94% 22.36% 8.39% 2.33% 1.27% 6.49% 10.74% 5.41% 5.44% -4.02% 5.07% 4 3 8
UBL Government Securities Fund A+ 1.19% 7.31% 10.45% 5.31% 5.31% 1.89% 10.34% 8.71% 12.23% 14.79% -8.55% 3.52% 5 2 3
MCB Pakistan Sovereign Fund AA 0.00% 5.26% 6.35% 4.71% 4.71% 1.71% 12.30% 9.46% 11.01% 9.54% 8.33% 5.72% 5 2 4
Pakistan Income Fund A+ 1.79% 5.06% 5.51% 4.92% 4.92% 0.21% 8.45% 6.71% 13.13% 8.13% -3.47% 9.60% 2 2 7
NAFA Government Securities Savings Fund AA- 5.39% 5.58% 5.48% 5.17% 5.17% 3.04% 6.88% 11.46% 5.88% 10.40% 2.20% 7.32% 5 2 4
NAFA Savings Plus Fund AA- 5.64% 6.53% 6.09% 6.80% 6.80% 4.56% 5.68% 6.39% 5.74% 7.30% 7.10% 6.80% 6 2 4
HBL Income Fund A 0.00% 0.00% 5.89% 6.22% 6.22% 1.96% 7.17% 27.81% 9.54% 8.98% 7.13% 6.80% 4 1 3
First Habib Income Fund AA- -2.00% 5.34% 4.50% 6.19% 6.19% -0.46% 9.66% 9.90% 8.56% 12.02% -6.77% 6.68% 3 1 5
Atlas Income Fund A+ 3.05% 6.04% 7.16% 5.88% 5.88% 1.51% 12.23% 9.35% 9.53% 8.47% 2.15% 5.94% 5 1 1
NIT − Income Fund A+ 2.42% 5.72% 6.45% 5.12% 5.12% 4.10% 5.66% 7.33% 5.57% 7.52% -0.48% 6.86% 3 1 6
MCB DCF Income Fund A+ 1.87% 5.33% 5.57% 4.64% 4.64% 1.71% 10.50% 33.85% 8.17% 8.13% 0.53% 6.31% 2 1 4
JS Income Fund A+ 0.89% 5.70% 0.00% 3.76% 6.58% 5.88% 3.30% 3.69% 5.21% 11.50% 1.75% 2.59% 3 1 6
Alfalah GHP Sovereign Fund AA- 1.95% 5.12% 6.92% 6.38% 6.38% 2.67% 9.32% 8.98% 7.94% 7.82% -3.99% 4.59% 4 0 4
ABL Income Fund A+ 0.55% 6.28% 5.92% 7.69% 6.48% 2.34% 8.93% 7.68% 8.84% 9.44% 1.26% 5.32% 4 0 3
NIT − Government Bond Fund AA 1.92% 5.53% 5.57% 4.63% 4.63% 4.02% 5.84% 8.60% 5.17% 6.63% 4.77% 4.77% 2 0 7
PIML IF Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov
2016 10.49% 18.82% 7.88% 5.77%
2015 47.10% 15.45% 19.60% 22.22% 3.20% -13.74% 14.60% 13.76% 8.71% 12.68% 0.55%
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Shariah Compliant Income Fund Category
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PIML-Islamic Income Fund
Asset Allocation as of April 2016
Benchmark:6 months deposit rate of three AA and above rated Islamic Banks
Return Vs Benchmark since inception
5.65%
5.92%
Fund Details Fund Rating Fund Size
As of April 2016 A by PACRA Over 176 millions
PIML-IIF Vs Peer Group (AAR) April 2016
Re
turn
sR
etu
rns
As of April 2016
Annualized Returns 5.37%
Benchmark 4.50%
Peer Group Average 4.74%
Standard Deviation 0.84%
Sharpe Ratio 0.48
13
6.5
4%
5.3
7%
3.4
5%
5.0
7%
5.4
2% 6.6
6%
6.7
1%
6.7
0%
5.4
9%
5.5
4%
4.7
4%
5.4
2%
4.9
9%
4.8
0%
5.6
9%
5.6
2%
5.3
7%
5.8
8%
0%
1%
2%
3%
4%
5%
6%
7%
8%
* YTD MTD 1 Day 15 Days 30 Days 90 Days 180 Days270 Days365 Days
PIML IIF Industry Cash76.21%
Tfcs/Sukkuks19.71%
Others Including Receivables
4.07%
0%
2%
4%
6%
8%
10%
12%
IIF Benchmark
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Islamic Income Fund’s Consistency & OutperformancePast 12 months Performance Summary (Month wise)
* approximate MTD return
14
Islamic IncomePast 12 month Performance summary (Month wise) 2016 2015
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Name Rating April March February January December November October September August July June May
Meezan Islamic Income Fund A- 3.78% 7.33% 3.57% -2.00% 9.32% 4.95% 8.79% 5.00% 5.51% 7.66% 6.43% 5.90% 9 7
ABL Islamic Income Fund A+ 4.06% 7.34% 5.65% 5.35% 7.16% 4.30% 6.44% 4.57% 6.11% 7.62% 5.58% 7.60% 12 6
NAFA Riba Free Savings Fund A- 5.24% 5.46% 5.33% 6.01% 6.01% 5.10% 4.70% 5.20% 5.20% 6.80% 7.90% 5.70% 10 6
Faysal Islamic Savings Growth Fund AA- 4.86% 8.15% 4.71% 5.67% 5.67% 7.19% 0.11% 4.85% 4.83% 6.59% 6.96% 6.29% 11 6
PIML Islamic Income Fund A+ 5.37% 8.89% 5.54% 9.11% 5.59% 4.51% 3.46% 11.86% 4.47% 5.06% -2.62% 3.01% 7 6
MCB Islamic Income Fund AA 4.45% 6.09% 5.21% 12.00% 12.00% 1.77% 4.71% 3.76% 5.74% 6.62% 3.32% 7.77% 8 5
Meezan Sovereign Fund AA 4.80% 7.00% 1.13% 1.97% 13.46% 4.33% 4.28% 1.12% 5.36% 6.52% 5.85% 7.05% 8 5
Askari Islamic Income Fund AA- 2.13% 6.31% 4.36% 6.67% 6.67% 4.25% 5.66% 6.58% 6.08% 6.37% 1.76% 6.41% 9 4
Atlas Islamic Income Fund A+ 5.14% 7.16% 4.32% 6.00% 6.00% 3.62% 4.61% 3.88% 6.21% 6.19% 5.47% 7.26% 12 4
PICIC Islamic Income Fund A+ 4.80% 5.17% 6.92% 4.55% 3.19% 2.42% 5.37% 4.05% 5.46% 5.79% 11.53% 6.00% 9 4
JS Islamic Government Securities Fund A+ 4.17% 7.64% 3.59% -1.27% 6.75% -5.64% 5.97% -6.10% -4.33% 2.96% 5.55% -1.15% 5 3
Alfalah GHP Islamic Income Fund AA- 1.83% 7.34% 5.65% 4.46% 4.46% 1.34% 4.93% 4.09% 4.37% 4.48% 4.40% 6.64% 7 2
Pak Oman Advantage Islamic Income Fund AA- 3.97% 10.89% 7.21% 4.16% 1.30% 2.87% 2.08% 4.63% 1.62% 3.39% -0.35% 2.50% 5 2
Al Ameen Islamic Sovereign Fund A+ 4.41% 8.25% 3.66% 0.21% 3.06% 4.02% 4.42% 2.87% 5.11% 5.78% 5.35% 6.08% 8 1
PIML IIF Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2016 9.11% 5.54% 8.89% 5.37%
2015 6.17% 6.16% 6.33% 6.07% 3.01% -2.62% 5.06% 4.47% 11.86% 3.46% 4.95% 5.59%
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Balanced / Equity & Asset Allocation Category
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PIML-Strategic Multi Asset Fund
Asset Allocation as of April 2016
Return Vs Benchmark since inception
Benchmark:KSE 100 index, 3 months PKRV and Daily Closing Pakistan Rupee Spot Gold Prices at the Pakistan Merchantile Exchange Limited (PMEX)based on the weighted average exposure of the scheme to equity, debt and gold future contracts during the period under review
46.72%
40.61%
Fund Details Fund Rating Fund Size
As of April 2016 4 Star PACRA Over 325 millions
PIML-SMAF Vs Peer Group (AR) April 2016
Re
turn
sR
etu
rns
As of April 2016
Absolute Returns 1.39%
Benchmark 3.46%
Peer Group Average 2.18%
Standard Deviation 13.21%
Sharpe Ratio 0.01
16
4.3
8%
1.3
9%
-0.2
8%
-0.2
4% 1
.80
%
5.0
1%
2.8
9%
1.7
3%
6.6
7%
2.9
6%
2.1
8%
-0.1
2%
1.0
4%
3.0
1%
3.0
4%
-0.6
0%
-0.1
1%
4.1
7%
-1%0%1%2%3%4%5%6%7%8%
* YTD MTD 1 Day 15 Days 30 Days 90 Days 180 Days 270 Days 365 Days
PIML SMAF Industry
Cash9.43%
Stocks / Equities68.01%
Pibs3.84%
Tbills15.12%
Others Including Receivables
3.59%
-10%
0%
10%
20%
30%
40%
50%
PSMAF Benchmark
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Balanced Fund’s Consistency & OutperformancePast 12 months Performance Summary (Month wise)
* approximate MTD return
17
Balanced Fund
Past 12 month Performance summary (Month wise) 2016 2015
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Name Ranking April March February January December November October September August July June May
NAFA Multi Asset Fund MFR 4-Star 3.68% 3.99% -1.15% 1.86% 1.86% -3.80% 3.20% -3.70% -1.20% 2.40% 2.90% -1.70% 12 10
Unit Trust of Pakistan MFR 4-Star 2.25% 2.47% 0.00% 0.99% 2.10% -2.36% 5.66% -4.24% -0.90% 2.89% 1.35% -2.10% 12 10
Pakistan Capital Market Fund MFR 2-Star 0.00% 3.41% -1.68% 1.67% 1.67% -3.33% 4.48% -5.37% -0.75% 1.42% 2.40% -0.60% 12 9
Primus Strategic Multi Asset Fund MFR 4-Star 1.39% 5.14% -1.50% 0.02% 2.44% -4.37% 4.20% -4.54% -0.07% 2.05% 3.94% -1.69% 12 9
HBL Multi Asset Fund MFR 1-Star 2.28% 0.00% -2.65% 2.15% 2.15% -4.19% 3.65% -4.98% 0.75% 2.31% 3.28% -2.18% 12 8
Faysal Balanced Growth Fund MFR 3-Star 2.71% 1.91% -4.75% 6.43% -0.68% -3.15% 19.12% -7.18% -2.15% 5.39% 4.04% -1.32% 12 8
PIML SMAF Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2016 0.02% -1.50% 5.14% 1.39%
2015 5.63% -1.03% -6.34% 12.29% -1.69% 3.94% 2.05% -0.07% -4.54% 4.20% -4.37% 2.44%
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PIML-Value Equity Fund
Asset Allocation as of April 2016PIML-VEF vs Peer Group (AR) April 2016
Return Vs Benchmark since inception
Benchmark:KSE 100 Index
12.02%
6.56%
Fund Details Fund Rating Fund Size
As of April 2016 Not Applicable Over 223 million
Re
turn
sR
etu
rns
As of April 2016
Absolute Returns 2.09%
Benchmark 4.77%
Peer Group Average 3.93%
Standard Deviation 15.04%
Sharpe Ratio -0.10
18
2.6
8%
2.0
9%
-0.2
4%
0.4
1%
2.7
0%
6.1
1%
1.3
0%
-1.3
4%
6.2
7%
2.7
7%
3.9
3%
0.0
7% 2
.25
%
4.8
8%
6.5
5%
1.5
3%
-1.7
2%
4.7
2%
-4%
-2%
0%
2%
4%
6%
8%
* YTD MTD 1 Day 15 Days 30 Days 90 Days 180 Days
270 Days
365 Days
PIML VEF Industry
Cash5%
Stocks / Equities
91%
Others Including Receivables
4%
-10%
-5%
0%
5%
10%
15%
PVEF Benchmark
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Equity Fund’s Consistency & OutperformancePast 12 months Performance Summary (Month wise)
* approximate MTD return
19
EquityPast 12 month Performance summary (Month wise) 2016 2015
Top
10
ra
nki
ng
(mo
nth
s)
Top
5
ran
kin
g (m
on
ths)
Name Rating April March February January December November October September August July June May
JS Value Fund MFR 1-Star 3.44% 5.88% -5.24% 4.21% 4.21% -3.25% 7.55% -5.87% -2.69% 5.69% 2.16% -3.52% 7 6AKD Opportunity Fund MFR 4-Star 9.69% 7.10% -5.87% -1.00% -1.00% -5.86% 7.19% -8.75% -0.17% 15.56% 18.76% -0.08% 7 6
Alfalah GHP Alpha Fund MFR 4-Star 3.79% 5.46% -3.42% 5.50% 5.50% -5.86% 5.66% -6.93% 0.68% 4.51% 4.68% -2.80% 8 4
Alfalah GHP Stock Fund MFR 4-Star 3.85% 5.33% -3.28% 5.41% 5.41% -5.86% 5.56% -6.57% 0.54% 5.06% -2.80% -2.80% 6 4
PICIC Energy Fund MFR 1-Star 2.55% 2.74% 0.31% -6.07% -1.15% -1.23% 4.10% -5.15% -4.07% 0.91% 0.01% -1.71% 4 4
PICIC Stock Fund MFR 2-Star 3.61% 6.84% -1.54% -4.86% 0.53% -6.83% 3.21% -4.75% 0.23% 5.41% 4.54% -3.31% 6 4United Stock Advantage Fund MFR 3-Star 3.99% 5.40% -5.81% 4.86% 4.86% -3.03% 6.13% -6.12% 0.69% 4.12% 4.61% -3.16% 9 4National Investment Unit Trust MFR 3-Star 2.91% 5.01% -3.72% 2.86% 2.86% -3.32% 6.36% 6.59% -0.94% -1.55% 2.08% -2.27% 7 3
MCB Pakistan Stock Market Fund MFR 5-Star 0.00% 5.38% -3.25% 2.16% 2.16% -4.23% 8.27% -8.80% -2.73% 2.73% 4.08% -1.05% 5 3
JS Large Cap Fund MFR 4-Star 2.23% 5.42% 0.00% -0.49% 1.03% -5.91% 7.83% -7.28% -3.30% 6.07% 1.18% -3.00% 3 3
JS Growth Fund MFR 2-Star 3.49% 4.74% 0.00% 3.81% 3.81% -4.82% 6.53% -6.80% -2.40% 3.44% 2.53% -2.67% 6 3NAFA Stock Fund MFR 5-Star 5.78% 6.42% -2.14% 3.23% 3.23% -5.80% 5.30% -6.30% -2.00% 3.70% 4.20% -2.40% 10 3Atlas Stock Market Fund MFR 3-Star 4.87% 5.82% -1.89% -2.56% 0.61% -5.58% 7.14% -8.07% -5.14% 3.68% 5.26% -4.91% 5 3
PIML Value Equity Fund - 2.09% 6.63% -2.53% -0.85% 2.26% -5.85% 5.57% -6.41% -0.73% 3.33% 6.32% -2.66% 6 2
Askari Equity Fund MFR 3-Star 4.85% 4.30% -5.01% 0.07% 0.07% -4.95% 5.24% -6.53% -4.40% 1.81% 4.94% -3.66% 3 2
First Capital Mutual Fund MFR 2-Star 4.47% 6.10% -1.27% 2.12% 2.12% -6.65% 5.96% -6.69% -2.78% 4.56% 4.27% -3.20% 8 2
ABL Stock Fund MFR 4-Star 4.14% 5.79% -1.72% -3.35% 0.28% -4.93% 6.95% -5.22% -2.36% 3.80% 4.09% -3.31% 7 1
First Habib Stock Fund MFR 2-Star 4.18% 5.37% -1.40% -2.69% 1.11% -5.05% 4.43% -6.14% -3.57% 2.11% -3.25% -3.25% 4 1
HBL Stock Fund MFR 2-Star 3.33% 0.00% -3.66% 1.11% 1.88% -6.14% 5.03% -7.29% 0.08% 2.67% 3.33% -2.80% 3 1
Lakson Equity Fund MFR 3-Star 3.53% 7.01% -1.79% -2.36% 0.89% -5.35% 5.83% -6.41% -1.98% 2.97% 4.55% -3.29% 6 1
PIML VEF Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2016 -0.85% -2.53% 6.63% 2.09%
2015 0.00% 0.00% -8.14% 14.77% -2.66% 6.32% 3.33% -0.73% -6.41% 5.57% -5.85% 2.26%
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Asset Allocation Fund
20
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PIML-Asset Allocation Fund
Asset Allocation as of April 2016
PIML-VEF vs Peer Group (AR) April 2016
Fund Details Fund Rating Fund Size
As of April 2016 Not Applicable Over 2,014 millions
Re
turn
s
As of April 2016
Absolute Returns -0.51%
Benchmark 0.43%
Peer Group Average 3..03%
Standard Deviation 2.99%
Sharpe Ratio -0.26
21
Cash at Bank16.25%
Pibs81.79%
Others Including Receivables
1.96%-0.53% -0.51%-0.11%
-0.67%
3.03%
1.83%
-0.07%
1.44%
-1%
0%
1%
2%
3%
4%
* YTD MTD 1 Day 15 Days
PIML AAF Industry
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Shariah Compliant Equity Category
22
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PIML-Islamic Equity Fund
Asset Allocation as of April 2016
Return Vs Benchmark since inception
Benchmark:KMI-30 Index
35.31%
40.46%
Fund Details Fund Rating Fund Size
As of April 2016 3 Star by PACRA Over 233 millions
PIML IEF Vs Peer Group (AR) April 2016
Re
turn
sR
etu
rns
As of April 2016
Absolute Returns 1.26%
Benchmark 3.98%
Peer Group Average 3.27%
Standard Deviation 15.81%
Sharpe Ratio -0.04
23
3.5
5%
1.2
6%
-0.6
5%
-0.4
2% 1
.79
%
5.6
3%
2.2
7%
0.7
6%
7.7
2%
4.4
9%
3.2
7%
-0.2
7% 1.4
2%
4.2
9%
7.2
7%
3.5
5%
0.4
9%
6.9
1%
-2%
0%
2%
4%
6%
8%
10%
* YTD MTD 1 Day 15 Days 30 Days 90 Days 180 Days 270 Days 365 Days
PIML IEF Industry
Cash4.52%
Stocks / Equities91.60%
Others Including
Receivables3.88%
-10%
0%
10%
20%
30%
40%
50%
PIEF Benchmark
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Islamic Equity Fund’s Consistency & OutperformancePast 12 months Performance Summary (Month wise)
* approximate MTD return
24
Islamic Equity
Past 12 month Performance summary (Month wise)2016 2015
Top
10
ran
kin
g (m
on
ths)
Top
5 r
anki
ng
(mo
nth
s)
Name Rating April March February January December November October September August July June May
Al Ameen Shariah Stock Fund MFR 4-Star 4.25% 7.48% -2.18% 4.91% 4.91% -4.87% 4.91% -5.91% -0.83% 3.63% 6.18% -3.10% 9 7
JS Islamic Fund MFR 5-Star 2.37% 7.66% -5.22% 4.56% 4.56% -5.65% 5.98% -6.10% -4.32% 2.96% 5.55% -1.15% 7 6
PICIC Islamic Stock Fund - 1.95% 7.60% -2.20% -3.51% 3.87% -6.09% 2.12% 1.58% 1.63% 6.16% 4.32% -1.70% 6 6
NAFA Islamic Stock Fund MFR 3-Star 4.44% 7.01% -2.85% 5.27% 5.27% -5.92% 5.69% 1.69% -1.31% 3.60% 4.60% -1.70% 9 5
Meezan Islamic Fund MFR 2-Star 7.27% 7.34% -2.68% -2.00% 4.00% -4.55% 6.57% -5.62% -1.91% 7.66% -2.52% -3.00% 7 4
Al Meezan Mutual Fund MFR 2-Star 4.16% 8.31% -2.68% -2.00% 3.00% -4.93% 6.47% -5.45% -2.19% 4.00% -2.87% -3.00% 6 4
Atlas Islamic Stock Fund MFR 3-Star 3.54% 6.95% -2.39% 3.93% 3.93% -6.03% 5.53% -6.45% -4.58% 3.31% 5.26% -3.51% 6 1
HBL Islamic Stock Fund MFR 1-Star 2.96% 0.00% -5.23% 2.80% 2.80% -6.40% 5.06% 1.25% -1.36% 1.30% 4.35% -2.70% 4 1
PIML Islamic Equity Fund MFR 3-Star 1.26% 7.28% -2.76% -0.16% 1.87% -6.08% 5.26% -5.42% -0.17% 1.87% 5.18% -1.74% 4 1
ABL Islamic Stock Fund MFR 4-Star 2.78% 5.65% -2.18% -2.74% 1.38% -5.39% 5.15% -4.56% -2.33% 3.39% 3.93% -2.80% 3 1
PIML IEF Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2016 -0.16% -2.76% 7.28% 4.25%
2015 9.28% -0.13% -9.72% 5.88% -1.74% 5.18% 1.87% -0.17% -5.42% 5.26% -6.08% 1.87%
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Historical Performance of Pakistan Stock Market
Stock Market Returns
10 Years negative out of 39 years
25
1 Year
5 Years
2 Year
1 Year
1 Year
1 Year
11%
36%
10%
18%
-4%
7%
24%
44%
8%4%
34%
19%18%13%
10%
111%
-12%
82%
-20%
-11%
-4%
5%
-44%
97%
-18%
11%
57%
90%
39%
56%
7%
24%
-62%
79%
29%
-4%
45%
55%
29%
-9%
-80%
-60%
-40%
-20%
0%
20%
40%
60%
80%
100%
120%
Jan
-77
Jan
-78
Jan
-79
Jan
-80
Jan
-81
Jan
-82
Jan
-83
Jan
-84
Jan
-85
Jan
-86
Jan
-87
Jan
-88
Jan
-89
Jan
-90
Jan
-91
Jan
-92
Jan
-93
Jan
-94
Jan
-95
Jan
-96
Jan
-97
Jan
-98
Jan
-99
Jan
-00
Jan
-01
Jan
-02
Jan
-03
Jan
-04
Jan
-05
Jan
-06
Jan
-07
Jan
-08
Jan
-09
Jan
-10
Jan
-11
Jan
-12
Jan
-13
Jan
-14
Jan
-15
Jan
-16
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Future value of Rs. 100
-
100
200
300
400
500
600
700
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
KSE-100 Deposits Inflation DSC
Rs. 652
Rs. 318
Rs. 295
Rs. 203
KSE-100 Deposits Inflation Discount Rate
50.12% 9.11% 17.81% 15.82%
26
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OUR ENTERTAINED CLIENTS
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HEAD OFFICE
3rd Floor | Horizon Vista | Commercial - 10 | Block-4 |Scheme No.5 | Clifton | Karachi | Pakistan |
Phone: (+92-21) 35361372 | Fax : (+92-21) 35370873
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Phone: (+92-42) 35221632-4 l Fax: (+92-42) 35221635
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Office No. 1l Executive Business Centre (Ground Floor) l Saudi Pak Tower l Jinnah Avenue l Islamabad l Pakistan
Phone: (+92-51) 2800397-8 l Ext: 3107
YOU CAN CONTACT US
Ahmed Ateeq
Chief Executive Officer
Cell No. 0321-2010331 Direct. (+921)-35290005 Board 37130165 Ext 201
Rida Jiwani
Chief Strategy Officer
Direct. (+921)-35877091 Board 37130165 Ext 223
Shafiq Ur Rehman Bhatti
Head of Sales and Distribution – South
Cell No. 0321-8968076 Board. 37130165 Ext. 226
Armaghan Qureshi
Regional Manager - North
Cell No. 0331-5264516 Phone # (+92-51) 32800397-8
Reema Shakeel
Regional Head - Central
Phone # (+92-42) 35221632