Pakistan Mutual Funds Analytical Report June 2012 including Payouts and MoM returns with benchmark comparison.

1. DAWOOD CAPITAL MANAGEMENT LIMITED
JUNE 2012
MUTUAL FUNDSMUTUAL FUNDS
ANALYTICAL REPORTANALYTICAL REPORT
MUTUAL FUNDS, A BETTER
INVESTMENT PLANNING
Dawood Capital Management Limited
5B Lakson Square Building No. 1, Sarwar Shaheed Road, Karachi—74200, Pakistan
Tel: (92 21) 3562 1001-6 Toll Free: 0800-FUNDS (38637) & 0800-CHILD (24453) Fax: (92 21) 3562 1010
URL: www.edawood.com Email: dcm@edawood.com
Find us on: @dawoodfunds
About the Author:
Mustansir Shabbar is Master of Computer Science and Master of Public Administration (Finance) from
Karachi University and associated with DCM for over 9 years. He has expertise in customer services &
Research and working as a key member for every DCM Funds since inception.
Email: mustansir@edawood.com, mustansir.shabbar@gmail.com
Blog: mustansirchoonawala.blogspot.com
Cell: +92 321 374 6282
MUSTANSIR SHABBAR
Head of Customer Services
DCM Ltd.
Source: MUFAP & FMR of AMCs

2. INDUSTRY ANALYSIS
OVERALL INDUSTRY
In Jun’12, AMC industry has recorded a slight
decrease of 3.19% MoM and recorded a
whopping increase of 53.29% YTD in overall
AUMs to reach 380.47 bn. The MoM decrease
is inline with our previous month’s
anticipation of year end closing for FY12 and
competent banks deposit rates for year end
balance requirements. In the next quarter, we
shall see a slight increase in MoM AUMs.
CONVENTIONAL VS. ISLAMIC
Besides overall position, the conventional
AUMs were decreased by 3.22% MoM as
compared to 2.55% decrease in Islamic AUMs.
However, on QoQ and YTD basis conventional
AUMs were increased by 16.2% and 57.2% as
compared to increase of 2.19% and 32.61% in
Islamic AUMs respectively. Conventional
especially sovereign funds (medium to long
term) were the center of attraction for
investors for FY’12.
MUTUAL FUNDS VS. PENSION FUNDS
Overall mutual funds have witnessed a
reduction of 3.29% MoM as compared to a
growth of 13.7% in Pension Funds. On QoQ
and YTD, mutual funds showed a growth of
13.95% and 53.15% as compared to the
growth of 30.16% and 75.93% in Pension
Funds for QoQ and YTD respectively. The
added tax benefits introduced in VPS have
played a vital role in FY’12 in bringing
investors towards retirement planning
products especially in Islamic schemes.
BOND FUNDS
Bond Funds have witnessed a downside of
4.53% MoM. The major loser was the money
market category by 6.91% MoM as opposed
to income and aggressive income categories
who were reduced by 1.33% and 1.85% MoM.
On QoQ and YTD Bond Funds have showed a
growth of 19.99% and remarkable 84.54%
respectively. The major gainer in FY’12
remained income category increased by
94.78% YTD. Investors took positions in long
term sovereign debt and realized from short
term in anticipation of lowering interest rates
in upcoming SBP MPS.
EQUITY FUNDS
Equity Funds saw a meager growth of 2.34%
MoM. On QoQ and YTD, they observed a
growth of 1.40% and 1.49% respectively.
Equity market remained volatile throughout
FY’12 due to various macro-economic issues
including Pak-US relationship, political
instability, utility shortages, war against
terrorism, production slowdowns and
especially debt defaults by major corporates.
HYBRID FUNDS
Hybrid Funds witnessed a decline of 1.22%
MoM. On QoQ and YTD they have shown a
decline of 4.98% and 0.08%respectively. The
reason may be the current market volatility
which urged the investors and money
managers to go for risk averse perspectives
and park their investments in fixed income
and money market especially in longer tenor
sovereign instruments to avoid any market
losses.
SPECIAL FUNDS
These funds have witnessed a decline of
24.50% MoM. Primarily this was the result of
the underlying indices volatility and investors’
preferences. Further, on QoQ and YTD, they
have shown a decline of 34.07% and 9.17%
respectively. The investment strategies of
these funds are designed for special segment
of investors looking to take advantage of or
track the particular segment of capital
markets. This category is getting unpopular as
their AUMs are depleting by the end of every
period. Some very serious steps and
interventions are needed to bring back life to
this special segment of funds.
PENSION FUNDS – CONVENTIONAL VS.
ISLAMIC
Conventional Pension Funds have shown a
growth of 11.97% MoM as compared of
14.90% growth in Islamic. On QoQ and YTD
basis, conventional PFs have witnessed a
growth of 30.13% and 67.93% as compared to
the growth of 30.18% and massive 81.73% in
Islamic PFs respectively. This indicates the
inclination of investors towards Islamic
savings options for retirement planning. This
is the very positive sign for Islamic Financial
Industry. Also the added tax benefits are
attracting more and more investors towards
this mode of investments.
THE MAJOR GAINER IN FY’12
REMAINED INCOME
CATEGORY INCREASED BY
94.78% YTD.

3. On the AMCs front, ABL Asset
Management has maintained its top
position in FY’12 with the highest
14.89% share of the industry with
56.66 bn of AUMs. However, it has
witnessed a decline of 9.27% in
AUMs on MoM but still impressively
rose by 233.53% since Jul’11.
Following ABL, UBLFM is once again
the second largest in AUMs having
12.5% share and then NIT, NAFA
and MCBAH having 12.42%, 11.98%
and 11.48% share respectively in
AUMs.
On MoM basis in terms of AUMs;
the major gainer was only Alfalah
GHP 18.17% and the major losers
were JSIL 11.49% and FAML 11.44%.
However, in FY’12, the major
contributors in terms of AUMs are
ABL AMC 233.53%, NAFA 166.87%,
UBLFM 83.11%, LIM 78.82%, AGHP
76.94%, HBL AM 73.10% and FHAM
62.44% rise in overall AUMs.
ABL AMC HAS
MAINTAINED ITS TOP
POSITION IN FY’12 WITH
THE HIGHEST 14.89% SHARE
OF THE INDUSTRY WITH
56.66 BILLION OF AUMS.
AMCs REVIEW
The Payouts of the industry remained
overall satisfactory in FY’12. It has become
the trend in the current industry to
announce monthly/quarterly payouts in
income and money market funds to
attract more investors who want to realize
their earnings at regular intervals.
The overall industry has earned an
average return of 10.79% per annum and
paid an average 9.35% payouts in FY’12.
The highest average returns were earned
by Safeway Funds 24.97%, however, the
highest payouts were paid by Almeezan
Investments 16.36% in FY’12.
PAYOUTS — FY’12
THE OVERALL INDUSTRY HAS
EARNED AN AVERAGE RETURN OF
10.79% & PAID AN AVERAGE
9.35% PAYOUTS IN FY’12.
NEW FUNDS LAUNCHED IN JUN’12
# Fund Name AMC Category Date

4. Sovereign Investments:
It includes T’Bill, GoP Ijarah & PIBs. It
constitutes about 51.85% (PKR 200 bn)
of the total investments made by AMCs
having T’Bills being the highly preferred
mode comprises of 43.54% (168 bn).
Due to prevailing volatility in the
market, most of the funds used to park
their idle money in sovereign papers,
which are considered to be the safest
and most liquid, and take less exposure
in other debts and equities to maintain
their capital protection and yield
consistency.
The recent increase in income and
money market funds is the major factor
of this high allocation as newly
launched funds (either conventional or
Islamic) used to take maximum
exposures in these sovereign issues to
maintain their stability ratings, liquidity
and definitely attract more risk averse
investors. Income and Money Market
funds jointly have 49.33% (95%, PKR
192 bn) out of overall exposure in this
category.
In anticipation of lowering interest rate
by SBP in its next MPS, most funds have
reduced their exposures in short term T
-Bills and took exposures in medium to
long term sovereign papers which was,
in our opinion, wise decision by fund
managers. However, with reduced
interest rates, the future yields of these
funds will be reduced and few investors
may direct towards equity investments.
Among the AMCs, ABL AMC is the
largest investor of the sovereign
investments i.e. 11.73% (23%, PKR 45
bn) out of overall exposure, through its
funds as obvious from its largest AUMs.
Following ABL, NAFA is the second
largest with 8.92% (17%, PKR 17 bn)
out of total exposure by AMCs.
Equities:
It constitutes 20.2% (PKR 78 bn) of the
total investments by AMCs. Throughout
the year, it was not the preferred mode
of investment by any other funds
except for the funds who are purely
equity. Equity funds represents 18.27%
(90%, PKR 71 bn) out of overall equity
exposure. The reasons behind were
mainly, high volatility, low returns,
political instability, power shortages to
production sectors, major defaults etc.
Among the AMCs, NIT still was the
largest investor of equity representing
9.37% (46%, PKR 36 bn) out of overall
equity exposure. NIT still holds the
largest open end equity fund of the
nation.
Following NIT, PICIC AMC was the
second largest through its closed end
funds representing 2.89% (14%, PKR 11
bn) out of total exposure.
With the anticipation of lowering
interest rates in up coming MPS by SBP,
equity investments may increase in the
coming months of the next FY.
SOVEREIGN IVESTMENTS
CONSTITUTES 51.85% SHARE WITH
ABL AMC REPRESENTING
LARGEST 11.73% OUT OF TOTAL
INVESTMENTS.
ASSET ALLOCATIONS
EQUITY IVESTMENTS
CONSTITUTES 20.2% SHARE WITH
NIT REPRESENTING LARGEST
9.37% OUT OF TOTAL
INVESTMENTS.
Tbills, 43.54%
Equities, 20.22%
Cash, 11.24%
Govt Backed/ Gtd.
Sec., 7.81%
Placements with
Banks & DFIs, 7.40%
TFCs / Sukuks, 4.99%
Others, 1.67%
Reverse Repos Ag.
Govt. Sec., 1.14%
Placements With
NBFCs, 0.95%
PIBs, 0.50%
CPs, 0.37%
CFS / MF, 0.17%
Reverse Repos Ag.
All Other Sec., 0.00%
Spread Transactions,
0.00%
11.73%
8.92%
6.69%
6.35%
4.10%
2.33%
2.29%
1.89%
1.43%
1.06%
0.80%
0.79%
0.76%
0.75%
0.61%
0.45%
0.25%
0.23%
0.18%
0.18%
0.04%
0.03%
0.00%
0.00%
0%
2%
4%
6%
8%
10%
12%
14%
ABLAMC
NAFA
UBLFM
MCBAH
Meezan
HBLAM
Askari
NIT
Lakson
Atlas
AGHP
JSIL
IGIIM
PICIC
FHAM
Faysal
KASB
BMA
PakOman
DCM
AKDIM
FCIM
Safeway
NAMCO
Sovereign Investments - AMCs
0.41%
19.09%
30.24%
0.81%
0.33%
0.40%
0.00%
0.15%
0.06%
0.19%
0.16%
0.01%
0%
5%
10%
15%
20%
25%
30%
35%
Agg.Fix.
Income
Income
Money
Market
Equity
Asset
Allocation
Balanced
Index
Tracker
Cap.
Protected
FoF
PensionDebt
PensionMM
Pension
Equity
Sovereign Investments - Categories
0.00%
0.00%
0.00%
18.27%
0.38%
0.93%
0.16%
0.03%
0.27%
0.01%
0.00%
0.18%
0%
2%
4%
6%
8%
10%
12%
14%
16%
18%
20%
Agg.Fix.
Income
Income
Money
Market
Equity
Asset
Allocation
Balanced
Index
Tracker
Cap.
Protected
FoF
Pension
Debt
PensionMM
Pension
Equity
Equities - Categories
0.00%
0.00%
0.00%
18.27%
0.38%
0.93%
0.16%
0.03%
0.27%
0.01%
0.00%
0.18%
0%
2%
4%
6%
8%
10%
12%
14%
16%
18%
20%
Agg.Fix.
Income
Income
Money
Market
Equity
Asset
Allocation
Balanced
Index
Tracker
Cap.
Protected
FoF
Pension
Debt
PensionMM
Pension
Equity
Equities - Categories

5. COMPLETE MUTUAL FUNDS PAYOUTS FY 2011-12
Interim Final Total FV Ex-NAV Annual
DIF (DMMF) 100 - 4.9500 4.9500 4.95% 6.79% 6.79% 76.7635 76.7635 71.8135 5.35% 5.35% 366 0.86% 0.05% 0.62% 0.03% 0.67% 0.04%
DIF (ISLAMIC) 100 - - - 0.00% 0.00% 0.00% 93.9601 93.9601 93.9601 -7.66% -7.66% 366 0.86% -0.07% 0.76% -0.06% 0.82% -0.06%
FDMF 10 - 0.3300 0.3300 3.30% 3.48% 3.48% 8.8700 8.5400 8.2100 -6.34% -6.34% 366 0.09% -0.01% 0.07% 0.00% 0.07% 0.00%
TOTAL 210 - 5.2800 5.2800 2.75% 3.43% 3.43% 179.5936 179.2636 173.9836 -2.88% -2.88% 366 1.81% -0.03% 1.45% -0.03% 1.56% -0.03%
PIF 50 4.6700 - 4.6700 9.34% 8.99% 8.99% 56.7100 52.0400 52.0400 9.14% 9.14% 366 0.43% 0.04% 0.46% 0.04% 0.45% 0.04%
PCF 50 5.2147 - 5.2147 10.43% 10.43% 10.43% 55.2939 50.0792 50.0792 10.58% 10.58% 366 0.43% 0.05% 0.45% 0.05% 0.44% 0.05%
PSM 50 7.9070 - 7.9070 15.81% 14.70% 14.70% 59.8270 51.9200 51.9200 11.21% 11.21% 366 0.43% 0.05% 0.48% 0.05% 0.45% 0.05%
PCM 10 0.6078 - 0.6078 6.08% 8.14% 8.14% 8.1578 7.5500 7.5500 9.30% 9.30% 366 0.09% 0.01% 0.07% 0.01% 0.07% 0.01%
PIIF 50 4.3335 - 4.3335 8.67% 11.37% 11.37% 83.8411 39.7538 39.7538 15.63% 15.63% 366 0.43% 0.07% 0.68% 0.11% 0.35% 0.05%
PIEF 50 4.5010 - 4.5010 9.00% 8.68% 8.68% 56.3310 51.8300 51.8300 8.62% 8.62% 366 0.43% 0.04% 0.46% 0.04% 0.45% 0.04%
MSF (Perpetual) 50 5.0400 - 5.0400 10.08% 10.14% 10.14% 55.1100 50.0700 50.0700 10.89% 10.89% 366 0.43% 0.05% 0.45% 0.05% 0.44% 0.05%
MSF (12/12) 50 0.9300 - 0.9300 1.86% 1.86% 1.86% 49.1500 48.2200 48.2200 1.89% 1.89% 366 0.43% 0.01% 0.40% 0.01% 0.42% 0.01%
PCPF-FIS 10 0.5374 - 0.5374 5.37% 5.28% 5.28% 10.7574 10.2200 10.2200 5.63% 5.63% 366 0.09% 0.00% 0.09% 0.00% 0.09% 0.01%
AHDJSPTIF 50 1.9120 - 1.9120 3.82% 3.42% 3.42% 59.4120 57.5000 57.5000 6.42% 6.42% 366 0.43% 0.03% 0.48% 0.03% 0.50% 0.03%
PSAF 10 0.9475 - 0.9475 9.48% 11.43% 11.43% 9.5175 8.5700 8.5700 14.86% 14.86% 366 0.09% 0.01% 0.08% 0.01% 0.07% 0.01%
PPF 10 0.9568 - 0.9568 9.57% 10.15% 10.15% 10.7068 9.7500 9.7500 13.54% 13.54% 366 0.09% 0.01% 0.09% 0.01% 0.08% 0.01%
MDSF 100 12.0153 - 12.0153 12.02% 14.53% 14.53% 98.1065 86.0912 86.0912 18.62% 18.62% 366 0.86% 0.16% 0.79% 0.15% 0.75% 0.14%
MDCF 100 10.3902 - 10.3902 10.39% 10.25% 10.25% 111.8373 101.4471 101.4471 10.38% 10.38% 366 0.86% 0.09% 0.90% 0.09% 0.88% 0.09%
MDAF 100 5.2141 - 5.2141 5.21% 9.09% 9.09% 75.9013 70.6872 70.6872 32.38% 32.38% 366 0.86% 0.28% 0.61% 0.20% 0.61% 0.20%
MCOP 100 10.9240 - 10.9240 10.92% 10.90% 10.90% 111.0943 100.1703 100.1703 10.82% 10.82% 366 0.86% 0.09% 0.90% 0.10% 0.87% 0.09%
MCBIIF 100 11.3329 - 11.3329 11.33% 11.30% 11.30% 111.4319 100.0990 100.0990 11.15% 11.15% 366 0.86% 0.10% 0.90% 0.10% 0.87% 0.10%
TOTAL 940 87.4342 - 87.4342 8.79% 9.45% 9.45% 1,023.1858 895.9978 895.9978 11.83% 11.83% 366 8.10% 1.08% 8.27% 1.05% 7.79% 0.97%
UGIF 100 - - - 0.00% 0.00% 0.00% 76.6901 76.6901 76.6901 -12.32% -12.32% 366 0.86% -0.11% 0.62% -0.08% 0.67% -0.08%
USF 100 - 4.5000 4.5000 4.50% 13.00% 13.00% 38.9200 38.9200 34.4200 12.42% 12.42% 366 0.86% 0.11% 0.31% 0.04% 0.34% 0.04%
UCIF 100 - 9.0000 9.0000 9.00% 12.84% 12.84% 82.5200 82.5200 73.5200 17.75% 17.75% 366 0.86% 0.15% 0.67% 0.12% 0.72% 0.13%
UIIF 100 - - - 0.00% 0.00% 0.00% 93.6212 93.6212 93.6212 6.14% 6.14% 366 0.86% 0.05% 0.76% 0.05% 0.81% 0.05%
ULPF 100 10.7400 - 10.7400 10.74% 10.71% 10.71% 111.1727 100.4327 100.4327 10.90% 10.90% 366 0.86% 0.09% 0.90% 0.10% 0.87% 0.10%
UCPF-II 100 - 6.2000 6.2000 6.20% 6.20% 7.03% 106.6000 100.4000 94.2000 6.60% 7.48% 323 0.86% 0.06% 0.86% 0.06% 0.87% 0.07%
UBLSIF 100 11.4000 - 11.4000 11.40% 11.38% 11.38% 111.9787 100.5787 100.5787 11.83% 11.83% 366 0.86% 0.10% 0.90% 0.11% 0.87% 0.10%
UBLISF 100 10.8500 - 10.8500 10.85% 10.83% 10.83% 111.1817 100.3317 100.3317 11.00% 11.00% 366 0.86% 0.09% 0.90% 0.10% 0.87% 0.10%
UGSF 100 10.3700 - 10.3700 10.37% 10.37% 11.20% 110.8020 100.4320 100.4320 10.80% 11.63% 339 0.86% 0.10% 0.90% 0.10% 0.87% 0.10%
UPPF-I 100 - 7.5000 7.5000 7.50% 7.50% 18.55% 115.4000 107.9000 100.4000 15.40% 38.08% 148 0.86% 0.33% 0.93% 0.36% 0.94% 0.36%
TOTAL 900 43.3600 27.2000 70.5600 7.06% 8.28% 9.55% 958.8864 901.8264 874.6264 9.05% 11.49% 366 8.62% 0.99% 7.75% 0.96% 7.84% 0.96%
JSIF 100 8.0000 2.2500 10.2500 10.25% 12.01% 12.01% 96.1200 88.1200 85.8700 12.58% 12.58% 366 0.86% 0.11% 0.78% 0.10% 0.77% 0.10%
JSAIF 100 - 6.6000 6.6000 6.60% 7.94% 7.94% 104.9100 104.9100 98.3100 26.23% 26.23% 366 0.86% 0.23% 0.85% 0.22% 0.91% 0.24%
UTP 100 - 12.6000 12.6000 12.60% 12.77% 12.77% 115.0300 115.0300 102.4300 16.60% 16.60% 366 0.86% 0.14% 0.93% 0.15% 1.00% 0.17%
JSISF 100 - - - 0.00% 0.00% 0.00% 49.9700 49.9700 49.9700 25.84% 25.84% 366 0.86% 0.22% 0.40% 0.10% 0.43% 0.11%
JSPSF I 100 5.7500 11.5900 17.3400 17.34% 14.81% 14.81% 140.0300 122.6900 111.1000 19.56% 19.56% 366 0.86% 0.17% 1.13% 0.22% 1.07% 0.21%
JSAAAF 100 - 14.0000 14.0000 14.00% 62.17% 62.17% 25.1500 25.1500 11.1500 11.68% 11.68% 366 0.86% 0.10% 0.20% 0.02% 0.22% 0.03%
JSFoF 100 - 20.2500 20.2500 20.25% 23.41% 23.41% 124.0500 103.8000 83.5500 43.41% 43.41% 366 0.86% 0.37% 1.00% 0.44% 0.90% 0.39%
JS KSE30 100 - 14.5000 14.5000 14.50% 47.81% 47.81% 32.6800 32.6800 18.1800 7.75% 7.75% 366 0.86% 0.07% 0.26% 0.02% 0.28% 0.02%
JSPSFII 100 - - - 0.00% 0.00% 0.00% 101.9300 101.9300 101.9300 0.80% 0.80% 366 0.86% 0.01% 0.82% 0.01% 0.89% 0.01%
JSCF 100 8.0000 2.5000 10.5000 10.50% 10.42% 10.42% 112.1500 104.1500 101.6500 11.26% 11.26% 366 0.86% 0.10% 0.91% 0.10% 0.90% 0.10%
JSLCF 10 - - - 0.00% 0.00% 0.00% 60.2400 60.2400 60.2400 14.61% 14.61% 366 0.09% 0.01% 0.49% 0.07% 0.52% 0.08%
JSGF 10 - 1.0000 1.0000 10.00% 9.42% 9.42% 12.3200 11.3200 11.3200 16.01% 16.01% 366 0.09% 0.01% 0.10% 0.02% 0.10% 0.02%
JSVFL 10 - 0.2000 0.2000 2.00% 1.97% 1.97% 11.6900 11.4900 11.4900 14.95% 14.95% 366 0.09% 0.01% 0.09% 0.01% 0.10% 0.01%
TOTAL 1,030 21.7500 85.4900 107.2400 9.08% 15.59% 15.59% 986.2700 931.4800 847.1900 17.02% 17.02% 366 8.88% 1.55% 7.97% 1.49% 8.09% 1.48%
AIF 500 - 28.7500 28.7500 5.75% 5.74% 5.74% 530.7500 530.7500 502.0000 11.80% 11.80% 366 4.31% 0.51% 4.29% 0.51% 4.61% 0.54%
ASMF 500 - 65.0000 65.0000 13.00% 19.45% 19.45% 475.9600 475.9600 410.9600 42.39% 42.39% 366 4.31% 1.83% 3.85% 1.63% 4.14% 1.75%
AISF 500 - 62.5000 62.5000 12.50% 20.55% 20.55% 387.7400 387.7400 325.2400 27.51% 27.51% 366 4.31% 1.19% 3.13% 0.86% 3.37% 0.93%
AIIF 500 47.5000 - 47.5000 9.50% 9.49% 9.49% 561.4800 513.9800 513.9800 9.80% 9.80% 366 4.31% 0.42% 4.54% 0.44% 4.47% 0.44%
AMMF 500 48.5000 5.0000 53.5000 10.70% 10.66% 10.66% 556.1800 507.6800 502.6800 11.80% 11.80% 366 4.31% 0.51% 4.49% 0.53% 4.41% 0.52%
AFoF 10 - 1.5000 1.5000 15.00% 15.42% 15.42% 11.5900 10.0900 8.5900 19.12% 19.12% 366 0.09% 0.02% 0.09% 0.02% 0.09% 0.02%
TOTAL 2,510 96.0000 162.7500 258.7500 11.08% 13.55% 13.55% 2,523.7000 2,426.2000 2,263.4500 20.40% 20.40% 366 21.64% 4.47% 20.40% 3.99% 21.08% 4.20%
AHYS 100 - 0.9492 0.9492 0.95% 0.97% 0.97% 98.1175 98.1175 97.1683 -0.03% -0.03% 366 0.86% 0.00% 0.79% 0.00% 0.85% 0.00%
AAAF 100 - 6.2878 6.2878 6.29% 15.32% 15.32% 46.0213 46.0213 39.7335 12.11% 12.11% 366 0.86% 0.10% 0.37% 0.05% 0.40% 0.05%
ASCF 100 10.2295 0.8827 11.1122 11.11% 11.07% 11.07% 111.3201 101.0906 100.2079 10.95% 10.95% 366 0.86% 0.09% 0.90% 0.10% 0.88% 0.10%
AIIF 100 7.6774 0.9488 8.6262 8.63% 8.61% 8.61% 108.7615 101.0841 100.1353 8.54% 8.54% 366 0.86% 0.07% 0.88% 0.08% 0.88% 0.08%
AIAAF 100 - 9.8782 9.8782 9.88% 9.81% 9.81% 222.4586 111.2293 101.3511 10.50% 10.50% 366 0.86% 0.09% 1.80% 0.19% 0.97% 0.10%
AEF 100 - - - 0.00% 0.00% 0.00% 99.7029 99.7029 99.7029 -0.30% -1.17% 93 0.86% -0.01% 0.81% -0.01% 0.87% -0.01%
ASYE 100 0.5700 0.9437 1.5137 1.51% 1.51% 10.07% 101.5329 100.9629 100.0192 1.53% 10.20% 55 0.86% 0.09% 0.82% 0.08% 0.88% 0.09%
TOTAL 700 18.4769 19.8904 38.3673 5.48% 6.76% 7.98% 787.9148 658.2086 638.3182 6.18% 7.30% 366 6.03% 0.44% 6.37% 0.48% 5.72% 0.40%
NIOF 10 - - - 0.00% 0.00% 0.00% 9.6618 9.6618 9.6618 -0.54% -0.54% 366 0.09% 0.00% 0.08% 0.00% 0.08% 0.00%
NIF 10 - - - 0.00% 0.00% 0.00% 9.0393 9.0393 9.0393 -6.92% -6.92% 366 0.09% -0.01% 0.07% -0.01% 0.08% -0.01%
NSF 10 - 0.6510 0.6510 6.51% 10.00% 10.00% 7.9401 7.9401 7.2891 21.98% 21.98% 366 0.09% 0.02% 0.06% 0.01% 0.07% 0.02%
NMF 10 - 0.3247 0.3247 3.25% 3.50% 3.50% 10.7183 10.7183 10.3936 15.54% 15.54% 366 0.09% 0.01% 0.09% 0.01% 0.09% 0.01%
NIAIF 10 - - - 0.00% 0.00% 0.00% 8.5949 8.5949 8.5949 19.06% 19.06% 366 0.09% 0.02% 0.07% 0.01% 0.07% 0.01%
NIMF 10 - - - 0.00% 0.00% 0.00% 10.3113 10.3113 10.3113 13.26% 13.26% 366 0.09% 0.01% 0.08% 0.01% 0.09% 0.01%
NGSLF 10 0.9902 - 0.9902 9.90% 9.82% 9.82% 11.0425 10.0523 10.0523 9.51% 9.51% 366 0.09% 0.01% 0.09% 0.01% 0.09% 0.01%
NSPF 10 0.7963 - 0.7963 7.96% 7.94% 7.94% 10.8354 10.0391 10.0391 9.61% 9.61% 366 0.09% 0.01% 0.09% 0.01% 0.09% 0.01%
NRFSF 10 0.9683 - 0.9683 9.68% 9.61% 9.61% 11.0421 10.0738 10.0738 9.57% 9.57% 366 0.09% 0.01% 0.09% 0.01% 0.09% 0.01%
NAAF 10 0.3595 1.0784 1.4379 14.38% 14.00% 14.00% 11.7527 11.3932 10.3148 14.43% 14.43% 366 0.09% 0.01% 0.09% 0.01% 0.10% 0.01%
NFSIF 10 0.4000 0.3000 0.7000 7.00% 7.00% 10.37% 10.8231 10.4231 10.1231 8.23% 12.20% 247 0.09% 0.01% 0.09% 0.01% 0.09% 0.01%
NMMF 10 0.3410 - 0.3410 3.41% 3.41% 33.73% 10.3559 10.0149 10.0149 3.56% 10.68% 37 0.09% 0.01% 0.08% 0.01% 0.09% 0.01%
TOTAL 120 3.8553 2.3541 6.2094 5.17% 5.44% 8.25% 122.1174 118.2621 115.9080 9.77% 10.70% 366 1.03% 0.11% 0.99% 0.11% 1.03% 0.11%
KIOF 100 - 0.3000 0.3000 0.30% 0.57% 0.57% 67.8128 67.8128 67.5128 28.03% 28.03% 366 0.86% 0.24% 0.55% 0.15% 0.59% 0.17%
KSMF 50 - 1.7000 1.7000 3.40% 6.45% 6.45% 27.6600 27.6600 25.9600 4.89% 4.89% 366 0.43% 0.02% 0.22% 0.01% 0.24% 0.01%
KAAF 50 - 0.0350 0.0350 0.07% 0.09% 0.09% 40.0700 40.0700 40.0350 5.25% 5.25% 366 0.43% 0.02% 0.32% 0.02% 0.35% 0.02%
KIIOF 100 3.0000 2.7500 5.7500 5.75% 5.97% 5.97% 104.4299 101.4299 98.6799 8.50% 8.50% 366 0.86% 0.07% 0.84% 0.07% 0.88% 0.07%
KCF 100 7.0000 2.6000 9.6000 9.60% 9.59% 9.59% 111.4635 104.4635 101.8635 11.34% 11.34% 366 0.86% 0.10% 0.90% 0.10% 0.91% 0.10%
KCPGF 100 5.2400 - 5.2400 5.24% 5.23% 7.36% 105.2400 100.0000 100.0000 4.99% 7.02% 260 0.86% 0.06% 0.85% 0.06% 0.87% 0.06%
CDF 100 - 9.2500 9.2500 9.25% 11.50% 11.50% 88.4096 88.4096 79.1596 9.88% 9.88% 366 0.86% 0.09% 0.71% 0.07% 0.77% 0.08%
CPF 100 - 10.2500 10.2500 10.25% 10.09% 10.09% 111.7200 111.7200 101.4700 9.93% 9.93% 366 0.86% 0.09% 0.90% 0.09% 0.97% 0.10%
TOTAL 600 15.2400 26.8850 42.1250 5.48% 6.18% 6.45% 656.8058 641.5658 614.6808 10.35% 10.61% 366 6.03% 0.69% 5.31% 0.58% 5.57% 0.61%
MIF 50 - 8.2500 8.2500 16.50% 19.85% 19.85% 49.6600 49.6600 41.4100 19.46% 19.46% 366 0.43% 0.08% 0.40% 0.08% 0.43% 0.08%
AMMF 10 1.7500 2.0000 3.7500 37.50% 30.22% 30.22% 14.4400 12.6900 10.6900 16.36% 16.36% 366 0.09% 0.01% 0.12% 0.02% 0.11% 0.02%
MIIF 50 5.2965 1.9700 7.2665 14.53% 14.52% 14.52% 57.1965 51.9000 49.9300 14.26% 14.26% 366 0.43% 0.06% 0.46% 0.07% 0.45% 0.06%
MCF 50 5.0700 - 5.0700 10.14% 10.13% 10.13% 55.1500 50.0800 50.0800 10.23% 10.23% 366 0.43% 0.04% 0.45% 0.05% 0.44% 0.04%
MSF 50 6.6600 - 6.6600 13.32% 13.32% 13.32% 56.6900 50.0300 50.0300 13.36% 13.36% 366 0.43% 0.06% 0.46% 0.06% 0.43% 0.06%
MCPF-II 50 - 6.2500 6.2500 12.50% 12.50% 12.71% 63.0100 56.7600 50.5100 26.02% 26.45% 360 0.43% 0.11% 0.51% 0.13% 0.49% 0.13%
MBF 10 - 1.7500 1.7500 17.50% 13.78% 13.78% 13.0600 11.3100 9.5600 2.83% 2.83% 366 0.09% 0.00% 0.11% 0.00% 0.10% 0.00%
KMIF 50 - - - 0.00% 0.00% 0.00% 48.8300 48.8300 48.8300 -2.34% -25.95% 33 0.43% -0.11% 0.39% -0.10% 0.42% -0.11%
TOTAL 270 18.7765 20.2200 38.9965 17.43% 16.33% 16.36% 358.0365 331.2600 311.0400 14.65% 14.71% 366 2.76% 0.27% 2.89% 0.31% 2.88% 0.29%
AGVF 50 2.7500 - 2.7500 5.50% 5.43% 5.43% 53.5300 50.7800 50.7800 5.75% 5.75% 366 0.43% 0.02% 0.43% 0.02% 0.44% 0.03%
AGIMF 50 1.5900 - 1.5900 3.18% 3.21% 3.21% 47.6273 46.0373 46.0373 -3.74% -3.74% 366 0.43% -0.02% 0.38% -0.01% 0.40% -0.01%
AGIF 50 5.7500 - 5.7500 11.50% 10.80% 10.80% 113.5300 53.8900 53.8900 12.04% 12.04% 366 0.43% 0.05% 0.92% 0.11% 0.47% 0.06%
AGAF 50 2.0000 - 2.0000 4.00% 3.62% 3.62% 56.6800 54.6800 54.6800 2.66% 2.66% 366 0.43% 0.01% 0.46% 0.01% 0.48% 0.01%
AGPPF-II 50 - - - 0.00% 0.00% 0.00% 52.4200 52.4200 52.4200 1.10% 4.68% 86 0.43% 0.02% 0.42% 0.02% 0.46% 0.02%
AGCF 500 51.9300 - 51.9300 10.39% 10.39% 10.39% 552.6500 500.7200 500.7200 10.52% 10.52% 366 4.31% 0.45% 4.47% 0.47% 4.35% 0.46%
TOTAL 750 64.0200 - 64.0200 5.76% 5.58% 5.58% 876.4373 758.5273 758.5273 4.72% 5.32% 366 6.47% 0.55% 7.08% 0.62% 6.59% 0.56%
FBGF 100 - - - 0.00% 0.00% 0.00% 59.7800 59.7800 59.7800 -4.69% -4.69% 366 0.86% -0.04% 0.48% -0.02% 0.52% -0.02%
FIGF 100 8.2000 3.3000 11.5000 11.50% 11.28% 11.28% 115.3100 107.1100 103.8100 13.10% 13.10% 366 0.86% 0.11% 0.93% 0.12% 0.93% 0.12%
FSGF 100 8.2000 2.5500 10.7500 10.75% 10.69% 10.69% 111.4600 103.2600 100.7100 10.81% 10.81% 366 0.86% 0.09% 0.90% 0.10% 0.90% 0.10%
FAAF 100 - - - 0.00% 0.00% 0.00% 65.9500 65.9500 65.9500 -0.02% -0.02% 366 0.86% 0.00% 0.53% 0.00% 0.57% 0.00%
FISGF 100 0.8040 0.2458 1.0498 1.05% 1.05% 1.05% 103.8040 103.0000 102.7542 10.90% 10.90% 366 0.86% 0.09% 0.84% 0.09% 0.89% 0.10%
FMMF 100 8.1000 2.5000 10.6000 10.60% 10.57% 10.57% 110.9700 102.8700 100.3700 10.61% 10.61% 366 0.86% 0.09% 0.90% 0.10% 0.89% 0.09%
TOTAL 600 25.3040 8.5958 33.8998 5.65% 5.60% 5.60% 567.2740 541.9700 533.3742 6.78% 6.78% 366 5.17% 0.35% 4.58% 0.38% 4.71% 0.39%
IGIIF 100 9.7294 1.0868 10.8162 10.82% 10.76% 10.76% 111.3894 101.6600 100.5732 10.77% 10.77% 366 0.86% 0.09% 0.90% 0.10% 0.88% 0.10%
IGISF 100 - 18.7546 18.7546 18.75% 17.51% 17.51% 121.4259 121.4259 102.6713 13.34% 13.34% 366 0.86% 0.11% 0.98% 0.13% 1.06% 0.14%
IGIIIF 100 7.1773 1.9946 9.1719 9.17% 9.15% 9.15% 109.6597 102.4824 100.4878 9.14% 9.14% 366 0.86% 0.08% 0.89% 0.08% 0.89% 0.08%
IGIMMF 100 9.9866 1.1319 11.1185 11.12% 11.09% 11.09% 111.5195 101.5329 100.4010 11.27% 11.27% 366 0.86% 0.10% 0.90% 0.10% 0.88% 0.10%
IGIAIF 50 7.2019 0.5752 7.7771 15.55% 18.74% 18.74% 50.0967 42.8948 42.3196 20.70% 20.70% 366 0.43% 0.09% 0.40% 0.08% 0.37% 0.08%
IGICPF 100 - 3.6690 3.6690 3.67% 3.67% 4.97% 108.0412 104.3722 100.7032 8.04% 10.90% 270 0.86% 0.09% 0.87% 0.10% 0.91% 0.10%
TOTAL 550 34.0952 27.2121 61.3073 11.51% 11.82% 12.04% 612.1324 574.3682 547.1561 12.21% 12.69% 366 4.74% 0.57% 4.95% 0.59% 4.99% 0.59%
AKDOF 50 - 6.5000 6.5000 13.00% 20.97% 20.97% 41.7755 41.7755 35.2755 34.76% 34.76% 366 0.43% 0.15% 0.34% 0.12% 0.36% 0.13%
AKDITF 10 - 0.4700 0.4700 4.70% 5.45% 5.45% 9.2874 9.2874 8.8174 7.74% 7.74% 366 0.09% 0.01% 0.08% 0.01% 0.08% 0.01%
AKDAIF 50 - 4.5000 4.5000 9.00% 9.61% 9.61% 51.7026 51.7026 47.2026 10.41% 10.41% 366 0.43% 0.04% 0.42% 0.04% 0.45% 0.05%
GASSF 10 - 0.7500 0.7500 7.50% 11.85% 11.85% 8.2100 7.4600 6.7100 29.70% 29.70% 366 0.09% 0.03% 0.07% 0.02% 0.06% 0.02%
AKDCF 50 1.7833 0.4929 2.2762 4.55% 4.55% 10.22% 51.8410 50.0577 49.5647 4.54% 11.01% 163 0.43% 0.05% 0.42% 0.05% 0.43% 0.05%
TOTAL 170 1.7833 12.7129 14.4962 7.75% 10.49% 11.62% 162.8164 160.2831 147.5702 17.43% 18.72% 366 1.47% 0.27% 1.32% 0.23% 1.39% 0.25%
FHIF 100 9.0000 1.0000 10.0000 10.00% 9.99% 9.99% 110.0009 101.0009 100.0009 9.92% 9.92% 366 0.86% 0.09% 0.89% 0.09% 0.88% 0.09%
FHSF 100 - 3.7500 3.7500 3.75% 3.75% 3.75% 103.7875 103.7875 100.0375 3.67% 3.67% 366 0.86% 0.03% 0.84% 0.03% 0.90% 0.03%
FHCF 100 9.7500 1.0500 10.8000 10.80% 10.80% 10.80% 110.8193 101.0693 100.0193 10.79% 10.79% 366 0.86% 0.09% 0.90% 0.10% 0.88% 0.09%
TOTAL 300 18.7500 5.8000 24.5500 8.18% 8.18% 8.18% 324.6077 305.8577 300.0577 8.13% 8.13% 366 2.59% 0.21% 2.62% 0.22% 2.66% 0.21%
KASB AMC
ALMEEZAN
ALFALAH
GHP
FAYSAL AM
JSIL
ATLAS AMC
ASKARI IM
NAFA
UBLFM
DIVIDEND PAYOUTS FY 2011-12
DIVIDEND PAYOUTS
PKR % Last NAV Ex-NAV Abs. Return
%
Ann. Return
%
No. of
Days
Weight
Par NAV
Wt. Avg.
Return LN
PERFORMANCE WEIGHTED AVERAGES
Weight
Last NAV
Wt. Avg.
Return PN
Total NAV Wt. Avg.
Return TN
Weight
Total NAV
IGIIM
AKDIM
HABIB AM
MCBAH
ASSET
MANAGER
MUTUAL FUNDS LIST
DAWOOD
FUNDS FACE
VALUE
Prepared by: Mustansir Shabbar, Head of Customer Servcies, DCM Ltd.

6. COMPLETE MUTUAL FUNDS PAYOUTS FY 2011-12
Interim Final Total FV Ex-NAV Annual
DIVIDEND PAYOUTS FY 2011-12
DIVIDEND PAYOUTS
PKR % Last NAV Ex-NAV Abs. Return
%
Ann. Return
%
No. of
Days
Weight
Par NAV
Wt. Avg.
Return LN
PERFORMANCE WEIGHTED AVERAGES
Weight
Last NAV
Wt. Avg.
Return PN
Total NAV Wt. Avg.
Return TN
Weight
Total NAV
ASSET
MANAGER
MUTUAL FUNDS LIST
FUNDS FACE
VALUE
HBLIF 100 7.0000 3.2500 10.2500 10.25% 10.40% 10.40% 110.3148 103.3148 100.0648 11.98% 11.98% 366 0.86% 0.10% 0.89% 0.11% 0.90% 0.11%
HBLMF 100 - 10.0000 10.0000 10.00% 11.88% 11.88% 94.8237 94.8237 84.8237 12.67% 12.67% 366 0.86% 0.11% 0.77% 0.10% 0.82% 0.10%
HBLSF 100 - 10.0000 10.0000 10.00% 10.67% 10.67% 104.0655 104.0655 94.0655 11.00% 11.00% 366 0.86% 0.09% 0.84% 0.09% 0.90% 0.10%
HBLMMF 100 8.2500 2.8000 11.0500 11.05% 11.05% 11.05% 111.1426 102.8926 100.0926 11.14% 11.14% 366 0.86% 0.10% 0.90% 0.10% 0.89% 0.10%
HBLIMMF 100 7.0000 3.0000 10.0000 10.00% 10.00% 10.00% 110.0235 103.0235 100.0235 10.02% 10.02% 366 0.86% 0.09% 0.89% 0.09% 0.90% 0.09%
HBLISF 100 - 10.0000 10.0000 10.00% 9.91% 9.91% 117.6287 117.6287 107.6287 16.52% 16.52% 366 0.86% 0.14% 0.95% 0.16% 1.02% 0.17%
TOTAL 600 22.2500 39.0500 61.3000 10.22% 10.65% 10.65% 647.9988 625.7488 586.6988 12.22% 12.22% 366 5.17% 0.63% 5.24% 0.64% 5.44% 0.67%
NI(U)T 10 - 3.5000 3.5000 35.00% 12.44% 12.44% 30.2700 30.2700 26.7700 7.57% 7.57% 366 0.09% 0.01% 0.24% 0.02% 0.26% 0.02%
NITGBF 10 - 1.1094 1.1094 11.09% 10.99% 10.99% 11.0823 11.0823 9.9729 9.76% 9.76% 366 0.09% 0.01% 0.09% 0.01% 0.10% 0.01%
NITIF 10 - 1.1065 1.1065 11.07% 10.91% 10.91% 11.3966 11.3966 10.2901 12.34% 12.34% 366 0.09% 0.01% 0.09% 0.01% 0.10% 0.01%
TOTAL 30 - 5.7159 5.7159 19.05% 11.44% 11.44% 52.7489 52.7489 47.0330 9.89% 9.89% 366 0.26% 0.03% 0.43% 0.04% 0.46% 0.04%
POIAAF 50 - 5.8400 5.8400 11.68% 11.18% 11.18% 116.8200 58.4100 52.5700 11.79% 11.79% 366 0.43% 0.05% 0.94% 0.11% 0.51% 0.06%
POAIIF 50 3.6461 0.7128 4.3589 8.72% 8.67% 8.67% 55.7859 52.1398 51.4270 10.92% 10.92% 366 0.43% 0.05% 0.45% 0.05% 0.45% 0.05%
POAAF 50 - - - 0.00% 0.00% 0.00% 50.0700 50.0700 50.0700 -1.24% -1.24% 366 0.43% -0.01% 0.40% -0.01% 0.44% -0.01%
POGSF 10 0.9653 0.1755 1.1408 11.41% 11.41% 12.32% 11.1999 10.2346 10.0591 12.00% 12.95% 339 0.09% 0.01% 0.09% 0.01% 0.09% 0.01%
POAF 10 - 1.0173 1.0173 10.17% 10.17% 10.17% 12.4373 11.4200 10.4027 10.55% 10.55% 366 0.09% 0.01% 0.10% 0.01% 0.10% 0.01%
TOTAL 170 4.6114 7.7456 12.3570 8.40% 8.28% 8.47% 246.3131 182.2744 174.5288 8.80% 8.99% 366 1.47% 0.11% 1.99% 0.18% 1.58% 0.13%
BCSF 10 - - - 0.00% 0.00% 0.00% 7.8949 7.8949 7.8949 -11.62% -11.62% 366 0.09% -0.01% 0.06% -0.01% 0.07% -0.01%
BECF 10 1.0900 - 1.0900 10.90% 10.84% 10.84% 11.1477 10.0577 10.0577 10.88% 10.88% 366 0.09% 0.01% 0.09% 0.01% 0.09% 0.01%
TOTAL 20 1.0900 - 1.0900 5.45% 5.42% 5.42% 19.0426 17.9526 17.9526 -0.37% -0.37% 366 0.17% 0.00% 0.15% 0.00% 0.16% 0.00%
NIF 100 7.8000 - 7.8000 7.80% 7.57% 7.57% 118.6188 110.8188 110.8188 15.18% 15.18% 366 0.86% 0.13% 0.96% 0.15% 0.96% 0.15%
NBF 10 - 0.8000 0.8000 8.00% 10.44% 10.44% 8.1175 7.3175 6.5175 5.97% 5.97% 366 0.09% 0.01% 0.07% 0.00% 0.06% 0.00%
TOTAL 110 7.8000 0.8000 8.6000 7.90% 9.01% 9.01% 126.7363 118.1363 117.3363 10.58% 10.58% 366 0.95% 0.14% 1.02% 0.15% 1.03% 0.15%
ABLIF 10 1.1138 - 1.1138 11.14% 11.12% 11.12% 11.1427 10.0289 10.0289 11.21% 11.21% 366 0.09% 0.01% 0.09% 0.01% 0.09% 0.01%
ABLSF 10 2.4077 - 2.4077 24.08% 23.98% 23.98% 12.6568 10.2491 10.2491 26.05% 26.05% 366 0.09% 0.02% 0.10% 0.03% 0.09% 0.02%
ABLCF 10 1.0739 - 1.0739 10.74% 10.72% 10.72% 11.0986 10.0247 10.0247 10.78% 10.78% 366 0.09% 0.01% 0.09% 0.01% 0.09% 0.01%
ABLIIF 10 1.0498 - 1.0498 10.50% 10.48% 10.48% 11.0743 10.0245 10.0245 10.56% 10.56% 366 0.09% 0.01% 0.09% 0.01% 0.09% 0.01%
ABLGSF 10 0.6001 - 0.6001 6.00% 6.00% 10.22% 10.6247 10.0246 10.0246 6.25% 10.63% 215 0.09% 0.01% 0.09% 0.01% 0.09% 0.01%
ABL AMC CPF 10 0.0347 - 0.0347 0.35% 0.35% 4.10% 10.0652 10.0305 10.0305 0.65% 7.70% 31 0.09% 0.01% 0.08% 0.01% 0.09% 0.01%
TOTAL 60 6.2800 - 6.2800 10.47% 10.44% 11.77% 66.6623 60.3823 60.3823 10.92% 12.82% 366 0.52% 0.07% 0.54% 0.07% 0.52% 0.07%
LMMF 100 9.8150 0.8702 10.6852 10.69% 10.69% 10.69% 110.6853 100.8703 100.0001 10.69% 10.69% 366 0.86% 0.09% 0.89% 0.10% 0.88% 0.09%
LIF 100 9.8722 0.9391 10.8113 10.81% 10.79% 10.79% 111.2227 101.3505 100.4114 11.04% 11.04% 366 0.86% 0.10% 0.90% 0.10% 0.88% 0.10%
LEF 100 - 11.1215 11.1215 11.12% 10.88% 10.88% 112.1531 112.1531 101.0316 9.74% 9.74% 366 0.86% 0.08% 0.91% 0.09% 0.97% 0.09%
LDMF 100 - 5.9153 5.9153 5.92% 5.92% 8.17% 106.4208 106.4208 100.5055 6.42% 8.87% 265 0.86% 0.08% 0.86% 0.08% 0.92% 0.08%
LEMF 100 - 5.8371 5.8371 5.84% 5.84% 8.06% 106.2340 106.2340 100.3969 6.23% 8.61% 265 0.86% 0.07% 0.86% 0.07% 0.92% 0.08%
LGCF 100 - 5.5533 5.5533 5.55% 5.55% 7.67% 105.8456 105.8456 100.2923 5.85% 8.07% 265 0.86% 0.07% 0.86% 0.07% 0.92% 0.07%
TOTAL 600 19.6872 30.2365 49.9237 8.32% 8.28% 9.38% 652.5615 632.8743 602.6378 8.33% 9.50% 366 5.17% 0.49% 5.27% 0.50% 5.50% 0.52%
PICIC-IF 100 11.0500 0.3900 11.4400 11.44% 11.39% 11.39% 111.9100 100.8600 100.4700 11.39% 11.39% 366 0.86% 0.10% 0.90% 0.10% 0.88% 0.10%
PICIC-CF 100 10.5000 0.4000 10.9000 10.90% 10.89% 10.89% 111.0186 100.5186 100.1186 10.90% 10.90% 366 0.86% 0.09% 0.90% 0.10% 0.87% 0.10%
PICIC-SF 100 - 13.0000 13.0000 13.00% 13.00% 17.05% 113.0291 113.0291 100.0291 13.03% 17.11% 279 0.86% 0.15% 0.91% 0.16% 0.98% 0.17%
PICIC-EF 10 - 1.5000 1.5000 15.00% 15.00% 15.00% 11.4300 9.9300 8.4300 7.83% 7.83% 366 0.09% 0.01% 0.09% 0.01% 0.09% 0.01%
PICIC-GF 10 - 2.5500 2.5500 25.50% 25.50% 25.50% 28.0800 25.5300 22.9800 2.63% 2.63% 366 0.09% 0.00% 0.23% 0.01% 0.22% 0.01%
PICIC-IF 10 - 1.2500 1.2500 12.50% 12.50% 12.50% 13.0200 11.7700 10.5200 3.58% 3.58% 366 0.09% 0.00% 0.11% 0.00% 0.10% 0.00%
TOTAL 330 21.5500 19.0900 40.6400 14.72% 14.71% 15.39% 388.4877 361.6377 342.5477 8.23% 8.91% 366 2.84% 0.35% 3.14% 0.37% 3.14% 0.38%
FCMF 10 - - - 0.00% 0.00% 0.00% 9.2900 9.2900 9.2900 8.65% 8.65% 366 0.09% 0.01% 0.08% 0.01% 0.08% 0.01%
TOTAL 10 - - - 0.00% 0.00% 0.00% 9.2900 9.2900 9.2900 8.65% 8.65% 366 0.09% 0.01% 0.08% 0.01% 0.08% 0.01%
ASFL 10 - 0.6600 0.6600 6.60% 9.21% 9.21% 8.9400 8.2800 7.6200 24.69% 24.69% 366 0.09% 0.02% 0.07% 0.02% 0.07% 0.02%
SMFL 10 - 1.1200 1.1200 11.20% 9.21% 9.21% 15.2300 14.1100 12.9900 25.25% 25.25% 366 0.09% 0.02% 0.12% 0.03% 0.12% 0.03%
TOTAL 20 - 1.7800 1.7800 8.90% 9.21% 9.21% 24.1700 22.3900 20.6100 24.97% 24.97% 366 0.17% 0.04% 0.20% 0.05% 0.19% 0.05%
11,600 532.1140 508.8083 1,040.9223 8.52% 8.92% 9.35% 12,373.7893 11,508.5059 11,000.8976 10.33% 10.79% 366 102.16% 13.38% 100.00% 12.98% 100.00% 12.99%
Money Market Funds
Conventional 2,230 213.8772 20.2277 234.1049 10.50% 19.22% 2.12% 19.98% 2.21% 19.63% 2.17%
Islamic 150 12.0700 3.0000 15.0700 10.05% 1.29% 0.13% 1.33% 0.13% 1.33% 0.13%
Total 2,380 225.9472 23.2277 249.1749 10.47% 20.52% 2.25% 21.32% 2.34% 20.96% 2.30%
Income Funds
Conventional 1,970 115.3972 57.8073 173.2045 8.79% 16.98% 1.87% 17.14% 1.90% 17.43% 1.93%
Islamic 1,170 102.9623 5.8720 108.8343 9.30% 10.09% 1.04% 10.49% 1.09% 10.38% 1.07%
Total 3,140 218.3595 63.6793 282.0388 8.98% 27.07% 2.91% 27.63% 2.99% 27.81% 3.01%
Aggressive Income Funds
Conventional 710 21.4929 16.2244 37.7173 5.31% 6.12% 0.62% 5.47% 0.57% 5.69% 0.58%
Islamic 210 3.0000 2.7500 5.7500 2.74% 1.81% 0.14% 1.67% 0.13% 1.77% 0.14%
Total 920 24.4929 18.9744 43.4673 4.72% 7.93% 0.76% 7.14% 0.70% 7.46% 0.72%
Stock Funds
Conventional 1,560 26.2343 147.7271 173.9614 11.15% 13.45% 2.97% 12.71% 2.73% 13.44% 2.91%
Islamic 760 1.7500 82.7500 84.5000 11.12% 6.55% 1.65% 5.01% 1.22% 5.37% 1.31%
Total 2,320 27.9843 230.4771 258.4614 11.14% 20.00% 4.62% 17.72% 3.96% 18.81% 4.21%
Balanced Funds
Conventional 320 0.6078 22.9247 23.5325 7.35% 2.76% 0.23% 2.33% 0.25% 2.50% 0.27%
Islamic 110 - 9.0000 9.0000 8.18% 0.95% 0.16% 0.75% 0.13% 0.81% 0.14%
Total 430 0.6078 31.9247 32.5325 7.57% 3.71% 0.40% 3.08% 0.38% 3.31% 0.41%
Asset Allocation Funds
Conventional 860 8.3236 38.7069 47.0305 5.47% 7.41% 0.76% 5.55% 0.54% 5.90% 0.56%
Islamic 350 10.0835 15.7182 25.8017 7.37% 3.02% 0.19% 5.10% 0.46% 3.10% 0.21%
Total 1,210 18.4071 54.4251 72.8322 6.02% 10.43% 0.95% 10.65% 1.00% 9.00% 0.77%
Index Tracker Funds
Conventional 160 1.9120 14.9700 16.8820 10.55% 1.38% 0.10% 0.82% 0.06% 0.86% 0.06%
Islamic - - - - 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Total 160 1.9120 14.9700 16.8820 10.55% 1.38% 0.10% 0.82% 0.06% 0.86% 0.06%
Capital Protected Funds
Conventional 710 11.5274 17.7900 29.3174 4.13% 3.97% 0.33% 4.18% 0.38% 4.24% 0.37%
Islamic 50 - 6.2500 6.2500 12.50% 0.43% 0.11% 0.51% 0.13% 0.49% 0.13%
Total 760 11.5274 24.0400 35.5674 4.68% 4.40% 0.44% 4.69% 0.51% 4.73% 0.50%
Fund of Funds
Conventional 100 - 20.2500 20.2500 20.25% 0.86% 0.37% 1.00% 0.44% 0.90% 0.39%
Islamic - - - - 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Total 100 - 20.2500 20.2500 20.25% 0.86% 0.37% 1.00% 0.44% 0.90% 0.39%
Net Open End Funds Payouts
Conventional 8,620 399.3724 356.6281 756.0005 8.77% 72.16% 9.37% 69.19% 9.07% 70.59% 9.24%
Islamic 2,800 129.8658 125.3402 255.2060 9.11% 24.14% 3.44% 24.86% 3.29% 23.26% 3.14%
Total 11,420 529.2382 481.9683 1,011.2065 8.85% 96.29% 12.81% 94.05% 12.36% 93.85% 12.37%
AMC Avg.
Returns
Avg.
Payouts
SAFEWAY 24.97% 9.21%
ATLAS 20.40% 13.55%
AKD IM 18.72% 11.62%
JSIL 17.02% 15.59%
ALMEEZAN 14.71% 16.36%
ABL 12.82% 11.77%
IGI IM 12.69% 12.04%
HBL AM 12.22% 10.65%
MCB AHIML 11.83% 9.45%
UBL FM 11.49% 9.55%
NAFA 10.70% 8.25%
KASB 10.61% 6.45%
NAMCO 10.58% 9.01%
NIT 9.89% 11.44%
LAKSON 9.50% 9.38%
PAKOMAN 8.99% 8.47%
PICIC 8.91% 15.39%
FIRST CAPITAL 8.65% 0.00%
HABIB AM 8.13% 8.18%
ASKARI 7.30% 7.98%
FAYSAL 6.78% 5.60%
ALFALAH 5.32% 5.58%
BMA -0.37% 5.42%
DAWOOD -2.88% 3.43%
TOTAL / AVERAGE
HBL AM
NIT
SAFEWAY
FIRST
CAPITAL
LAKSON
AMC
PICIC AM
ABLAMC
PAKOMAN
AMC
BMA
NAMCO
213.88
20.23
234.10
12.07
3.00
15.07
0
50
100
150
200
250
Interim Final Total
Money Marke Funds Payouts
Conventional
Islamic
21.49
16.22
37.72
3.00 2.75
5.75
0
10
20
30
40
Interim Final Total
Agressive Income Funds Payouts
Conventional
Islamic
0.61
22.92 23.53
‐
9.00 9.00
0
5
10
15
20
25
Interim Final Total
Balanced Funds Payouts
Conventional
Islamic
1.91
14.97
16.88
‐ ‐ ‐
0
5
10
15
20
Interim Final Total
Index Tracker Funds Payouts
Conventional
Islamic
‐
20.25 20.25
‐ ‐ ‐
0
5
10
15
20
25
Interim Final Total
Fund of Funds Payouts
Conventional
Islamic
115.40
57.81
173.20
102.96
5.87
108.83
0
50
100
150
200
Interim Final Total
Income Funds Payouts
Conventional
Islamic
26.23
147.73
173.96
1.75
82.75 84.50
0
50
100
150
200
Interim Final Total
Stock Funds Payouts
Conventional
Islamic
8.32
38.71
47.03
10.08
15.72
25.80
0
10
20
30
40
50
Interim Final Total
Asset Allocation Funds Payouts
Conventional
Islamic
11.53
17.79
29.32
‐
6.25 6.25
0
10
20
30
40
Interim Final Total
Capital Protected Funds Payouts
Conventional
Islamic
399.37
356.63
756.00
129.87 125.34
255.21
0
200
400
600
800
Interim Final Total
Net Open End Funds Payouts
Conventional
Islamic
24.97%
20.40%
18.72%
17.02%
14.71%
12.82%
12.69%
12.22%
11.83%
11.49%
10.70%
10.61%
10.58%
9.89%
9.50%
8.99%
8.91%
8.65%
8.13%
7.30%
6.78%
5.32%
‐0.37%
‐2.88%
9.21%
13.55%
11.62%
15.59%
16.36%
11.77%
12.04%
10.65%
9.45%
9.55%
8.25%
6.45%
9.01%
11.44%
9.38%
8.47%
15.39%
0.00%
8.18%
7.98%
5.60%
5.58%
5.42%
3.43%
‐5%
0%
5%
10%
15%
20%
25%
30%
SAFEWAY
ATLAS
AKD IM
JSIL
ALMEEZAN
ABL
IGI IM
HBL AM
MCB AHIML
UBL FM
NAFA
KASB
NAMCO
NIT
LAKSON
PAKOMAN
PICIC
FIRST CAPITAL
HABIB AM
ASKARI
FAYSAL
ALFALAH
BMA
DAWOOD
AMCs Returns & Payouts
Avg. Returns
Avg. Payouts
Prepared by: Mustansir Shabbar, Head of Customer Servcies, DCM Ltd.

7. FUNDS SCREENING MEASURES
CONVENTIONAL MONEY MARKET FUNDS
Funds Measures Jun‐2011 Jul‐2011 Aug‐2011 Sep‐2011 Oct‐2011 Nov‐2011 Dec‐2011 Jan‐2012 Feb‐2012 Mar‐2012 Apr‐2012 May‐2012 Jun‐2012 Mean Max Min SD
PakistanRisk Assessment Measures
Pakistan Standard Deviation 0.03% 0.02% 0.03% 0.07% 0.09% 0.10% 0.09% 0.10% 0.10% 0.09% 0.09% 0.15% 0.08% 0.15% 0.02% 0.03%
Pakistan Downside Deviation 0.95% 0.99% 1.00% 0.98% 0.85% 0.85% 0.85% 0.86% 0.85% 0.85% 0.85% 0.85% 0.83% 0.89% 1.00% 0.83% 0.06%
Pakistan Active Return / Alpha ‐0.01% ‐0.09% 0.12% 0.14% 0.05% 0.09% 0.15% 0.15% 0.04% 0.20% 0.19% ‐0.10% ‐0.45% 0.04% 0.20% ‐0.45% 0.18%
Pakistan Corelation (0.28) (1.00) 0.41 0.59 0.78 0.84 0.85 0.83 0.83 0.84 0.73 0.21 0.54 0.85 (1.00) 0.55
Pakistan Beta (0.14) (0.09) 0.07 0.23 0.41 0.44 0.45 0.51 0.49 0.47 0.41 0.20 0.33 0.51 (0.09) 0.20
Pakistan R‐Squared 0.08 1.00 0.17 0.35 0.61 0.71 0.73 0.70 0.70 0.70 0.53 0.05 0.57 1.00 0.05 0.28
PakistanPerformance Measures
Pakistan Annualized Return (YTD) 11.46% 11.64% 11.84% 11.76% 12.09% 11.75% 11.49% 11.37% 11.22% 11.11% 11.06% 10.98% 10.58% 11.41% 12.09% 10.58% 0.43%
Pakistan Annualized Return (MoM) 12.54% 11.64% 12.00% 11.56% 13.00% 10.32% 10.15% 10.55% 10.08% 10.20% 10.51% 10.15% 6.08% 10.37% 13.00% 6.08% 1.68%
Pakistan Absolute Return (YTD) 0.99% 2.01% 2.96% 4.06% 4.91% 5.78% 6.68% 7.48% 8.35% 9.22% 10.08% 10.58% 6.09% 10.58% 0.99% 3.18%
Pakistan Absolute Return (MoM) 0.98% 0.99% 1.02% 0.95% 1.10% 0.85% 0.86% 0.89% 0.80% 0.86% 0.86% 0.86% 0.50% 0.86% 1.10% 0.50% 0.15%
Pakistan Sum Abs. Return (MoM) 11.38% 0.99% 2.00% 2.95% 4.05% 4.90% 5.76% 6.65% 7.45% 8.31% 9.17% 10.03% 10.53% 6.07% 10.53% 0.99% 3.17%
Pakistan Benchmark Return 0.98% 1.08% 0.90% 0.81% 1.05% 0.76% 0.71% 0.74% 0.76% 0.67% 0.67% 0.96% 0.95% 0.83% 1.08% 0.67% 0.14%
Pakistan Risk Adjusted Return ‐0.15% ‐0.14% ‐0.07% ‐0.14% 0.08% ‐0.13% ‐0.13% ‐0.08% ‐0.18% ‐0.12% ‐0.13% ‐0.13% ‐0.49% ‐0.14% 0.08% ‐0.49% 0.13%
Pakistan Coefficient of Variation 0.04 0.02 0.04 0.06 0.10 0.10 0.10 0.11 0.10 0.10 0.10 0.17 0.09 0.17 0.02 0.04
Pakistan Sharpe (3.92) (4.91) (3.35) (1.03) (0.86) (0.91) (0.94) (0.98) (1.04) (1.11) (1.17) (0.94) (1.57) (0.86) (4.91) 1.32
Pakistan Sortino (0.14) (0.14) (0.10) (0.12) (0.08) (0.09) (0.10) (0.10) (0.12) (0.12) (0.12) (0.12) (0.17) (0.12) (0.08) (0.17) 0.02
Pakistan Treynor 0.01 0.01 (0.02) (0.00) (0.00) (0.00) (0.00) (0.00) (0.00) (0.00) (0.00) (0.01) (0.00) 0.01 (0.02) 0.01
Pakistan Jensen's Alpha (0.00) (0.00) (0.00) (0.00) (0.00) (0.00) (0.00) (0.00) (0.00) (0.00) (0.00) (0.00) (0.00) (0.00) (0.00) 0.00
Pakistan Tracking Error 0.08% 0.14% 0.13% 0.10% 0.09% 0.09% 0.09% 0.08% 0.09% 0.09% 0.10% 0.18% 0.11% 0.18% 0.08% 0.03%
Pakistan Information Ratio (1.31) 0.09 0.44 0.53 0.68 0.86 1.01 1.00 1.10 1.20 0.84 0.22 0.73 1.20 0.09 0.36
Pakistan VAMI 1.12 1.01 1.02 1.03 1.04 1.05 1.06 1.07 1.08 1.09 1.10 1.11 1.11 1.06 1.11 1.01 0.03
Pakistan Excess Return on RFR ‐0.14% ‐0.14% ‐0.10% ‐0.12% ‐0.07% ‐0.08% ‐0.09% ‐0.09% ‐0.10% ‐0.10% ‐0.10% ‐0.11% ‐0.14% ‐0.10% ‐0.07% ‐0.14% 0.02%
PakistanMisc. Info
Pakistan Last NAVs 51.1828 50.1377 50.1889 50.2229 50.3344 50.3189 50.3103 50.3185 50.2788 50.2719 50.2634 50.2629 50.0792 50.25 50.33 50.08 0.08
Pakistan Payouts 1.1801 0.3581 0.4583 0.4414 0.4414 0.4414 0.4414 0.4414 0.4414 0.4414 0.4414 0.4328 0.4343 0.43 0.46 0.36 0.02
Pakistan Net Assets 2,710.68 1,868.22 2,123.45 1,930.44 2,001.53 1,876.37 1,896.39 2,050.51 2,033.19 2,367.13 4,281.27 4,352.14 3,834.26 2,551.24 4,352.14 1,868.22 984.27
Pakistan MoM + / (‐) % in NA ‐1.43% ‐31.08% 13.66% ‐9.09% 3.68% ‐6.25% 1.07% 8.13% ‐0.85% 16.42% 80.86% 1.66% ‐11.90% 2.93% 80.86% ‐31.08% 26.87%
Pakistan Total + / (‐) YTD % in NA 31.46% ‐31.08% ‐21.66% ‐28.78% ‐26.16% ‐30.78% ‐30.04% ‐24.35% ‐24.99% ‐12.67% 57.94% 60.55% 41.45% ‐5.88% 60.55% ‐31.08% 36.31%
UBL Liq Risk Assessment Measures
UBL Liq Standard Deviation 0.05% 0.04% 0.04% 0.09% 0.12% 0.14% 0.12% 0.13% 0.13% 0.12% 0.12% 0.12% 0.11% 0.14% 0.04% 0.04%
UBL Liq Downside Deviation 0.94% 0.98% 1.01% 0.99% 0.86% 0.85% 0.84% 0.85% 0.84% 0.84% 0.84% 0.84% 0.84% 0.88% 1.01% 0.84% 0.07%
UBL Liq Active Return / Alpha 0.08% 0.11% 0.17% 0.09% 0.34% 0.03% ‐0.02% 0.12% ‐0.04% 0.03% 0.04% 0.06% 0.02% 0.08% 0.34% ‐0.04% 0.10%
UBL Liq Corelation 0.62 (1.00) (0.25) (0.93) 0.14 0.39 0.40 0.50 0.53 0.55 0.56 0.57 0.13 0.57 (1.00) 0.59
UBL Liq Beta 1.20 (2.20) (1.14) (2.63) 0.43 1.37 1.30 1.80 1.95 2.05 2.08 2.17 0.65 2.17 (2.63) 1.80
UBL Liq R‐Squared 0.38 1.00 0.06 0.86 0.02 0.15 0.16 0.25 0.28 0.30 0.31 0.33 0.34 1.00 0.02 0.31
UBL Liq Performance Measures
UBL Liq Annualized Return (YTD) 11.36% 11.62% 11.98% 11.94% 12.39% 11.99% 11.57% 11.48% 11.27% 11.12% 11.04% 10.97% 10.90% 11.52% 12.39% 10.90% 0.48%
UBL Liq Annualized Return (MoM) 12.15% 11.62% 12.23% 11.60% 13.72% 10.19% 9.32% 10.89% 9.60% 9.79% 10.25% 10.19% 10.07% 10.72% 13.72% 9.32% 1.28%
UBL Liq Absolute Return (YTD) 0.98% 2.03% 3.00% 4.16% 5.01% 5.82% 6.74% 7.51% 8.36% 9.20% 10.07% 10.90% 6.15% 10.90% 0.98% 3.21%
UBL Liq Absolute Return (MoM) 0.95% 0.98% 1.04% 0.95% 1.16% 0.83% 0.79% 0.92% 0.76% 0.83% 0.84% 0.86% 0.83% 0.89% 1.16% 0.76% 0.12%
UBL Liq Sum Abs. Return (MoM) 11.23% 0.98% 2.02% 2.97% 4.13% 4.97% 5.76% 6.68% 7.44% 8.27% 9.11% 9.97% 10.80% 6.09% 10.80% 0.98% 3.17%
UBL Liq Benchmark Return 0.87% 0.87% 0.86% 0.86% 0.82% 0.80% 0.81% 0.80% 0.80% 0.80% 0.81% 0.81% 0.81% 0.82% 0.87% 0.80% 0.03%
UBL Liq Risk Adjusted Return ‐0.17% ‐0.14% ‐0.05% ‐0.14% 0.14% ‐0.14% ‐0.20% ‐0.05% ‐0.22% ‐0.16% ‐0.15% ‐0.13% ‐0.17% ‐0.12% 0.14% ‐0.22% 0.09%
UBL Liq Coefficient of Variation 0.05 0.04 0.04 0.09 0.12 0.14 0.13 0.14 0.14 0.14 0.13 0.13 0.11 0.14 0.04 0.04
UBL Liq Sharpe (3.22) (2.63) (2.56) (0.51) (0.55) (0.65) (0.66) (0.74) (0.81) (0.88) (0.93) (1.00) (1.08) (0.51) (2.63) 0.76
UBL Liq Sortino (0.16) (0.14) (0.09) (0.11) (0.05) (0.08) (0.10) (0.10) (0.12) (0.13) (0.13) (0.13) (0.14) (0.11) (0.05) (0.14) 0.03
UBL Liq Treynor (0.00) 0.00 0.00 0.00 (0.00) (0.00) (0.00) (0.00) (0.00) (0.00) (0.00) (0.00) (0.00) 0.00 (0.00) 0.00
UBL Liq Jensen's Alpha 0.00 (0.01) (0.00) (0.01) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 (0.01) 0.00
UBL Liq Tracking Error 0.04% 0.04% 0.04% 0.12% 0.12% 0.13% 0.12% 0.12% 0.12% 0.11% 0.11% 0.10% 0.10% 0.13% 0.04% 0.03%
UBL Liq Information Ratio 2.05 3.20 2.79 1.55 1.26 0.97 1.06 0.84 0.81 0.79 0.80 0.77 1.35 3.20 0.77 0.85
UBL Liq VAMI 1.12 1.01 1.02 1.03 1.04 1.05 1.06 1.07 1.08 1.09 1.09 1.10 1.11 1.06 1.11 1.01 0.03
UBL Liq Excess Return on RFR ‐0.15% ‐0.14% ‐0.10% ‐0.11% ‐0.05% ‐0.07% ‐0.09% ‐0.08% ‐0.10% ‐0.11% ‐0.11% ‐0.11% ‐0.12% ‐0.10% ‐0.05% ‐0.14% 0.02%
UBL Liq Misc. Info
UBL Liq Last NAVs 100.2433 101.2300 102.2784 100.4213 101.5879 102.4360 100.5343 101.4615 102.2336 100.5815 101.4266 100.6522 100.4327 101.27 102.44 100.42 0.76
UBL Liq Payouts 3.1179 2.8300 2.7100 2.5000 1.6500 1.0500 2.15 2.83 1.05 0.77
UBL Liq Net Assets 15,588.18 18,588.54 19,411.81 15,928.97 18,532.54 20,655.13 19,367.37 24,115.79 29,169.58 25,678.12 31,632.04 29,414.72 27,968.83 23,371.95 31,632.04 15,928.97 5,275.66
UBL Liq MoM + / (‐) % in NA ‐0.69% 19.25% 4.43% ‐17.94% 16.34% 11.45% ‐6.23% 24.52% 20.96% ‐11.97% 23.19% ‐7.01% ‐4.92% 4.99% 24.52% ‐17.94% 15.11%
UBL Liq Total + / (‐) YTD % in NA 98.88% 19.25% 24.53% 2.19% 18.89% 32.51% 24.24% 54.71% 87.13% 64.73% 102.92% 88.70% 79.42% 49.93% 102.92% 2.19% 33.84%
KASB CaRisk Assessment Measures
KASB Ca Standard Deviation 0.42% 0.11% 0.08% 0.11% 0.13% 0.14% 0.14% 0.14% 0.13% 0.13% 0.12% 0.12% 0.12% 0.14% 0.08% 0.02%
KASB Ca Downside Deviation 0.89% 0.93% 0.66% 0.79% 0.69% 0.73% 0.74% 0.76% 0.77% 0.78% 0.78% 0.79% 0.80% 0.77% 0.93% 0.66% 0.07%
KASB Ca Active Return / Alpha 0.31% 0.29% 0.46% 0.38% 0.52% 0.19% 0.14% 0.23% 0.21% 0.26% 0.25% 0.27% 0.28% 0.27% 0.52% 0.14% 0.11%
KASB Ca Corelation (0.22) (1.00) (1.00) 0.65 0.05 (0.20) (0.24) 0.15 0.27 0.35 0.37 0.38 (0.02) 0.65 (1.00) 0.55
KASB Ca Beta (3.94) (6.63) (8.79) 2.64 0.27 (1.23) (1.51) 0.73 1.09 1.27 1.32 1.33 (0.87) 2.64 (8.79) 3.61
KASB Ca R‐Squared 0.05 1.00 1.00 0.42 0.00 0.04 0.06 0.02 0.07 0.12 0.14 0.15 0.27 1.00 0.00 0.38
KASB CaPerformance Measures
KASB Ca Annualized Return (YTD) 11.26% 11.01% 11.98% 12.18% 12.75% 12.39% 11.99% 11.85% 11.69% 11.54% 11.46% 11.37% 11.34% 11.80% 12.75% 11.01% 0.49%
KASB Ca Annualized Return (MoM) 12.17% 11.01% 12.83% 12.35% 14.00% 10.46% 9.51% 10.44% 10.17% 9.99% 10.20% 10.23% 10.70% 10.92% 14.00% 9.51% 1.35%
KASB Ca Absolute Return (YTD) 0.93% 2.03% 3.06% 4.28% 5.18% 6.03% 6.96% 7.79% 8.67% 9.55% 10.44% 11.34% 6.36% 11.34% 0.93% 3.36%
KASB Ca Absolute Return (MoM) 0.95% 0.93% 1.09% 1.01% 1.19% 0.86% 0.81% 0.88% 0.81% 0.85% 0.84% 0.87% 0.88% 0.91% 1.19% 0.81% 0.12%
KASB Ca Sum Abs. Return (MoM) 12.63% 0.93% 2.02% 3.03% 4.22% 5.08% 5.88% 6.76% 7.57% 8.42% 9.25% 10.12% 11.00% 6.19% 11.00% 0.93% 3.24%
KASB Ca Benchmark Return 0.64% 0.64% 0.63% 0.63% 0.67% 0.66% 0.67% 0.66% 0.60% 0.59% 0.59% 0.60% 0.60% 0.63% 0.67% 0.59% 0.03%
KASB Ca Risk Adjusted Return ‐0.17% ‐0.19% 0.00% ‐0.07% 0.16% ‐0.12% ‐0.18% ‐0.09% ‐0.17% ‐0.14% ‐0.15% ‐0.12% ‐0.12% ‐0.10% 0.16% ‐0.19% 0.10%
KASB Ca Coefficient of Variation 0.40 0.11 0.08 0.10 0.13 0.15 0.14 0.15 0.14 0.14 0.13 0.13 0.13 0.15 0.08 0.02
KASB Ca Sharpe (0.08) (0.88) (1.15) (0.24) (0.35) (0.47) (0.52) (0.60) (0.67) (0.74) (0.79) (0.84) (0.66) (0.24) (1.15) 0.26
KASB Ca Sortino (0.04) (0.21) (0.15) (0.11) (0.04) (0.06) (0.09) (0.09) (0.11) (0.11) (0.12) (0.12) (0.12) (0.11) (0.04) (0.21) 0.04
KASB Ca Treynor 0.00 0.00 0.00 (0.00) (0.00) 0.00 0.00 (0.00) (0.00) (0.00) (0.00) (0.00) (0.00) 0.00 (0.00) 0.00
KASB Ca Jensen's Alpha (0.02) (0.03) (0.04) 0.01 0.00 (0.01) (0.01) 0.00 0.00 0.00 0.00 0.00 (0.01) 0.01 (0.04) 0.02
KASB Ca Tracking Error 0.42% 0.12% 0.08% 0.10% 0.13% 0.15% 0.14% 0.14% 0.13% 0.12% 0.12% 0.11% 0.12% 0.15% 0.08% 0.02%
KASB Ca Information Ratio 1.01 3.21 4.56 4.29 2.86 2.23 2.24 2.22 2.32 2.40 2.50 2.61 2.86 4.56 2.22 0.83
KASB Ca VAMI 1.13 1.01 1.02 1.03 1.04 1.05 1.06 1.07 1.08 1.09 1.10 1.11 1.12 1.06 1.12 1.01 0.03
KASB Ca Excess Return on RFR ‐0.03% ‐0.19% ‐0.10% ‐0.09% ‐0.03% ‐0.04% ‐0.07% ‐0.07% ‐0.08% ‐0.09% ‐0.10% ‐0.10% ‐0.10% ‐0.09% ‐0.03% ‐0.19% 0.04%
KASB CaMisc. Info
KASB Ca Last NAVs 103.3587 101.0419 102.1400 103.1743 104.3981 105.2931 106.1411 103.0800 103.9109 104.7900 102.6662 103.5554 104.4635 103.72 106.14 101.04 1.42
KASB Ca Payouts 3.2500 4.0000 3.0000 2.6000 3.20 4.00 2.60 0.72
KASB Ca Net Assets 594.53 571.98 580.05 585.20 771.21 771.69 643.84 676.87 627.57 896.23 918.33 971.52 1,122.66 761.43 1,122.66 571.98 179.99
KASB Ca MoM + / (‐) % in NA ‐12.83% ‐3.79% 1.41% 0.89% 31.78% 0.06% ‐16.57% 5.13% ‐7.28% 42.81% 2.47% 5.79% 15.56% 5.44% 42.81% ‐16.57% 16.47%
KASB Ca Total + / (‐) YTD % in NA 7.90% ‐3.79% ‐2.44% ‐1.57% 29.72% 29.80% 8.29% 13.85% 5.56% 50.75% 54.46% 63.41% 88.83% 28.07% 88.83% ‐3.79% 30.27%
FOR FY 2011‐12
PAKISTAN CASH MANAGEMENT FUNDUBL LIQUIDITY PLUS FUNDKASB CASH FUND
Prepared by: Mustansir Shabbar, Head of Customer Services, Dawood Capital Management Limited, www.edawood.com

8. FUNDS SCREENING MEASURES
CONVENTIONAL MONEY MARKET FUNDS
Funds Measures Jun‐2011 Jul‐2011 Aug‐2011 Sep‐2011 Oct‐2011 Nov‐2011 Dec‐2011 Jan‐2012 Feb‐2012 Mar‐2012 Apr‐2012 May‐2012 Jun‐2012 Mean Max Min SD
FOR FY 2011‐12
Askari SRisk Assessment Measures
Askari S Standard Deviation 0.05% 0.05% 0.05% 0.11% 0.13% 0.14% 0.13% 0.14% 0.14% 0.13% 0.15% 0.14% 0.12% 0.15% 0.05% 0.03%
Askari S Downside Deviation 0.97% 0.99% 1.03% 1.01% 0.87% 0.87% 0.86% 0.88% 0.87% 0.86% 0.87% 0.85% 0.85% 0.90% 1.03% 0.85% 0.07%
Askari S Active Return / Alpha ‐0.02% 0.01% 0.11% 0.01% 0.32% 0.01% ‐0.04% 0.11% ‐0.07% ‐0.02% 0.02% ‐0.19% ‐0.04% 0.02% 0.32% ‐0.19% 0.12%
Askari S Corelation 0.92 (1.00) (0.31) (0.92) 0.06 0.32 0.32 0.45 0.49 0.50 0.50 0.50 0.08 0.50 (1.00) 0.57
Askari S Beta 1.01 (1.70) (0.81) (2.03) 0.13 0.74 0.66 1.03 1.16 1.20 1.39 1.44 0.29 1.44 (2.03) 1.25
Askari S R‐Squared 0.85 1.00 0.09 0.84 0.00 0.10 0.10 0.20 0.24 0.25 0.25 0.25 0.30 1.00 0.00 0.32
Askari SPerformance Measures
Askari S Annualized Return (YTD) 11.81% 11.67% 12.19% 12.14% 12.69% 12.29% 11.88% 11.81% 11.57% 11.38% 11.32% 11.02% 10.95% 11.74% 12.69% 10.95% 0.53%
Askari S Annualized Return (MoM) 12.65% 11.67% 12.58% 11.80% 14.30% 10.56% 9.74% 11.37% 9.80% 9.87% 10.81% 8.07% 10.15% 10.79% 14.30% 8.07% 1.60%
Askari S Absolute Return (YTD) 0.99% 2.06% 3.05% 4.27% 5.14% 5.97% 6.94% 7.71% 8.55% 9.43% 10.11% 10.95% 6.26% 10.95% 0.99% 3.24%
Askari S Absolute Return (MoM) 0.98% 0.99% 1.07% 0.97% 1.21% 0.87% 0.82% 0.96% 0.78% 0.84% 0.89% 0.68% 0.83% 0.90% 1.21% 0.68% 0.14%
Askari S Sum Abs. Return (MoM) 11.61% 0.99% 2.05% 3.02% 4.23% 5.10% 5.92% 6.89% 7.66% 8.50% 9.38% 10.07% 10.90% 6.23% 10.90% 0.99% 3.23%
Askari S Benchmark Return 1.01% 0.98% 0.95% 0.95% 0.89% 0.86% 0.87% 0.85% 0.85% 0.86% 0.87% 0.87% 0.87% 0.89% 0.98% 0.85% 0.05%
Askari S Risk Adjusted Return ‐0.14% ‐0.14% ‐0.02% ‐0.12% 0.19% ‐0.11% ‐0.16% ‐0.01% ‐0.20% ‐0.15% ‐0.10% ‐0.31% ‐0.16% ‐0.11% 0.19% ‐0.31% 0.12%
Askari S Coefficient of Variation 0.06 0.05 0.05 0.10 0.13 0.14 0.13 0.15 0.14 0.14 0.16 0.15 0.12 0.16 0.05 0.04
Askari S Sharpe (2.18) (1.45) (1.78) (0.20) (0.31) (0.43) (0.41) (0.51) (0.59) (0.64) (0.71) (0.77) (0.71) (0.20) (1.78) 0.48
Askari S Sortino (0.12) (0.14) (0.08) (0.09) (0.03) (0.05) (0.07) (0.06) (0.08) (0.09) (0.10) (0.12) (0.13) (0.09) (0.03) (0.14) 0.03
Askari S Treynor (0.00) 0.00 0.00 0.00 (0.00) (0.00) (0.00) (0.00) (0.00) (0.00) (0.00) (0.00) (0.00) 0.00 (0.00) 0.00
Askari S Jensen's Alpha (0.00) (0.00) (0.00) (0.00) (0.00) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 (0.00) 0.00 (0.00) 0.00
Askari S Tracking Error 0.02% 0.07% 0.06% 0.15% 0.13% 0.13% 0.12% 0.12% 0.12% 0.11% 0.13% 0.12% 0.12% 0.15% 0.06% 0.03%
Askari S Information Ratio (0.63) 0.91 0.83 0.80 0.70 0.54 0.64 0.47 0.42 0.41 0.20 0.16 0.55 0.91 0.16 0.25
Askari S VAMI 1.12 1.01 1.02 1.03 1.04 1.05 1.06 1.07 1.08 1.09 1.10 1.11 1.11 1.06 1.11 1.01 0.03
Askari S Excess Return on RFR ‐0.12% ‐0.14% ‐0.08% ‐0.09% ‐0.02% ‐0.04% ‐0.06% ‐0.05% ‐0.07% ‐0.08% ‐0.08% ‐0.10% ‐0.11% ‐0.08% ‐0.02% ‐0.14% 0.03%
Askari SMisc. Info
Askari S Last NAVs 100.6900 101.3300 102.4095 100.6272 100.7880 101.6605 100.4959 100.4399 100.1981 100.1599 100.2396 100.2569 101.0906 100.81 102.41 100.16 0.70
Askari S Payouts 3.2745 2.7726 1.0576 2.0030 1.0234 1.0221 0.8755 0.8075 0.6678 0.8827 1.23 2.77 0.67 0.69
Askari S Net Assets 6,389.90 6,910.82 7,268.30 5,711.36 6,735.78 7,314.73 7,372.91 17,160.26 18,252.62 10,856.95 20,203.00 10,367.00 9,940.58 10,674.53 20,203.00 5,711.36 5,036.72
Askari S MoM + / (‐) % in NA ‐0.70% 8.15% 5.17% ‐21.42% 17.94% 8.60% 0.80% 132.75% 6.37% ‐40.52% 86.08% ‐48.69% ‐4.11% 3.75% 132.75% ‐48.69% 50.58%
Askari S Total + / (‐) YTD % in NA 209.89% 8.15% 13.75% ‐10.62% 5.41% 14.47% 15.38% 168.55% 185.65% 69.91% 216.17% 62.24% 55.57% 67.05% 216.17% ‐10.62% 78.82%
MCB Ca Risk Assessment Measures
MCB Ca Standard Deviation 0.04% 0.05% 0.04% 0.10% 0.12% 0.12% 0.11% 0.12% 0.12% 0.11% 0.11% 0.12% 0.10% 0.12% 0.04% 0.03%
MCB Ca Downside Deviation 0.92% 0.95% 0.98% 0.97% 0.84% 0.84% 0.84% 0.85% 0.84% 0.84% 0.84% 0.85% 0.84% 0.87% 0.98% 0.84% 0.06%
MCB Ca Active Return / Alpha 0.43% 0.45% 0.51% 0.45% 0.65% 0.28% 0.34% 0.42% 0.28% 0.29% 0.33% 0.37% 0.21% 0.37% 0.65% 0.21% 0.12%
MCB Ca Corelation (0.27) 1.00 1.00 1.00 (0.45) (0.25) (0.18) (0.07) (0.20) (0.15) (0.15) (0.05) 0.14 1.00 (0.45) 0.56
MCB Ca Beta (0.26) 7.69 10.33 9.56 (1.74) (1.10) (0.75) (0.32) (0.87) (0.65) (0.68) (0.24) 1.93 10.33 (1.74) 4.72
MCB Ca R‐Squared 0.08 1.00 1.00 1.00 0.20 0.06 0.03 0.00 0.04 0.02 0.02 0.00 0.31 1.00 0.00 0.45
MCB Ca Performance Measures
MCB Ca Annualized Return (YTD) 11.17% 11.22% 11.66% 11.71% 12.22% 11.85% 11.56% 11.49% 11.30% 11.15% 11.06% 11.01% 10.82% 11.42% 12.22% 10.82% 0.40%
MCB Ca Annualized Return (MoM) 11.81% 11.22% 11.98% 11.59% 13.74% 10.23% 9.98% 10.80% 9.89% 9.91% 10.18% 10.49% 8.68% 10.66% 13.74% 8.68% 1.29%
MCB Ca Absolute Return (YTD) 0.95% 1.98% 2.94% 4.11% 4.95% 5.81% 6.75% 7.53% 8.38% 9.21% 10.11% 10.82% 6.13% 10.82% 0.95% 3.23%
MCB Ca Absolute Return (MoM) 0.92% 0.95% 1.01% 0.95% 1.16% 0.84% 0.84% 0.92% 0.78% 0.84% 0.83% 0.89% 0.71% 0.89% 1.16% 0.71% 0.12%
MCB Ca Sum Abs. Return (MoM) 11.04% 0.95% 1.97% 2.92% 4.08% 4.92% 5.76% 6.68% 7.46% 8.30% 9.13% 10.02% 10.73% 6.08% 10.73% 0.95% 3.20%
MCB Ca Benchmark Return 0.49% 0.50% 0.50% 0.50% 0.52% 0.56% 0.50% 0.49% 0.50% 0.55% 0.50% 0.52% 0.50% 0.51% 0.56% 0.49% 0.02%
MCB Ca Risk Adjusted Return ‐0.20% ‐0.17% ‐0.07% ‐0.14% 0.14% ‐0.14% ‐0.14% ‐0.06% ‐0.19% ‐0.15% ‐0.16% ‐0.10% ‐0.28% ‐0.12% 0.14% ‐0.28% 0.10%
MCB Ca Coefficient of Variation 0.04 0.05 0.04 0.10 0.12 0.13 0.12 0.13 0.13 0.12 0.12 0.13 0.11 0.13 0.04 0.03
MCB Ca Sharpe (4.16) (2.71) (3.42) (0.60) (0.64) (0.72) (0.74) (0.81) (0.88) (0.95) (1.00) (1.03) (1.23) (0.60) (3.42) 0.93
MCB Ca Sortino (0.18) (0.18) (0.12) (0.13) (0.07) (0.09) (0.10) (0.10) (0.11) (0.12) (0.13) (0.13) (0.15) (0.12) (0.07) (0.18) 0.03
MCB Ca Treynor 0.01 (0.00) (0.00) (0.00) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.01 (0.00) 0.00
MCB Ca Jensen's Alpha (0.00) 0.05 0.06 0.05 (0.01) (0.01) (0.00) (0.00) (0.01) (0.00) (0.00) (0.00) 0.01 0.06 (0.01) 0.03
MCB Ca Tracking Error 0.06% 0.04% 0.03% 0.09% 0.13% 0.13% 0.12% 0.12% 0.12% 0.12% 0.11% 0.12% 0.10% 0.13% 0.03% 0.03%
MCB Ca Information Ratio 7.22 11.35 13.49 5.54 3.54 3.48 3.78 3.45 3.32 3.39 3.54 3.18 5.28 13.49 3.18 3.62
MCB Ca VAMI 1.12 1.01 1.02 1.03 1.04 1.05 1.06 1.07 1.08 1.09 1.10 1.10 1.11 1.06 1.11 1.01 0.03
MCB Ca Excess Return on RFR ‐0.16% ‐0.17% ‐0.12% ‐0.13% ‐0.06% ‐0.08% ‐0.09% ‐0.08% ‐0.10% ‐0.10% ‐0.11% ‐0.11% ‐0.12% ‐0.11% ‐0.06% ‐0.17% 0.03%
MCB Ca Misc. Info
MCB Ca Last NAVs 102.0080 101.2033 102.2303 100.0682 101.2328 102.0815 102.9440 100.1334 100.9182 100.0762 100.9109 100.1053 100.1703 101.01 102.94 100.07 0.98
MCB Ca Payouts 1.7578 3.1330 3.7526 1.6894 1.7021 0.6469 2.18 3.75 0.65 1.25
MCB Ca Net Assets 10,393.12 10,808.13 11,862.90 8,472.50 10,579.35 10,730.78 11,215.55 12,087.44 12,844.55 12,247.67 14,600.00 19,581.73 18,971.36 12,833.50 19,581.73 8,472.50 3,349.56
MCB Ca MoM + / (‐) % in NA 1.70% 3.99% 9.76% ‐28.58% 24.87% 1.43% 4.52% 7.77% 6.26% ‐4.65% 19.21% 34.12% ‐3.12% 5.14% 34.12% ‐28.58% 15.83%
MCB Ca Total + / (‐) YTD % in NA 59.28% 3.99% 14.14% ‐18.48% 1.79% 3.25% 7.91% 16.30% 23.59% 17.84% 40.48% 88.41% 82.54% 23.48% 88.41% ‐18.48% 32.23%
BMA EmRisk Assessment Measures
BMA Em Standard Deviation 0.57% 0.03% 0.02% 0.04% 0.09% 0.10% 0.09% 0.09% 0.09% 0.08% 0.08% 0.08% 0.07% 0.10% 0.02% 0.03%
BMA Em Downside Deviation 0.86% 0.94% 0.96% 0.95% 0.83% 0.82% 0.82% 0.84% 0.84% 0.84% 0.84% 0.85% 0.85% 0.86% 0.96% 0.82% 0.05%
BMA Em Active Return / Alpha 0.24% 0.20% 0.36% 0.28% 0.44% 0.12% 0.07% 0.34% 0.07% 0.06% 0.18% 0.22% 0.16% 0.17% 0.44% 0.06% 0.13%
BMA Em Corelation 0.11 (1.00) (0.96) (0.85) (0.46) (0.63) (0.65) (0.72) (0.73) (0.73) (0.72) (0.68) (0.74) (0.46) (1.00) 0.15
BMA Em Beta 1.04 (0.15) (0.20) (0.43) (0.59) (0.81) (0.84) (0.89) (0.83) (0.83) (0.83) (0.81) (0.66) (0.15) (0.89) 0.27
BMA Em R‐Squared 0.01 1.00 0.92 0.72 0.21 0.40 0.43 0.51 0.54 0.53 0.52 0.46 0.57 1.00 0.21 0.23
BMA EmPerformance Measures
BMA Em Annualized Return (YTD) 11.02% 11.06% 11.34% 11.49% 11.76% 11.37% 11.10% 11.15% 11.08% 10.97% 10.98% 10.94% 10.88% 11.18% 11.76% 10.88% 0.26%
BMA Em Annualized Return (MoM) 11.98% 11.06% 11.51% 11.57% 12.21% 9.64% 9.55% 11.39% 10.37% 9.87% 10.96% 10.54% 10.12% 10.70% 12.21% 9.55% 0.85%
BMA Em Absolute Return (YTD) 0.94% 1.92% 2.89% 3.95% 4.75% 5.58% 6.55% 7.39% 8.24% 9.15% 10.05% 10.88% 6.02% 10.88% 0.94% 3.24%
BMA Em Absolute Return (MoM) 0.93% 0.94% 0.97% 0.95% 1.03% 0.79% 0.81% 0.96% 0.82% 0.84% 0.90% 0.89% 0.83% 0.89% 1.03% 0.79% 0.08%
BMA Em Sum Abs. Return (MoM) 12.70% 0.94% 1.91% 2.86% 3.89% 4.68% 5.49% 6.46% 7.28% 8.12% 9.01% 9.91% 10.74% 5.94% 10.74% 0.94% 3.19%
BMA Em Benchmark Return 0.69% 0.74% 0.61% 0.67% 0.59% 0.67% 0.74% 0.62% 0.75% 0.78% 0.72% 0.67% 0.67% 0.68% 0.78% 0.59% 0.06%
BMA Em Risk Adjusted Return ‐0.19% ‐0.19% ‐0.11% ‐0.14% 0.01% ‐0.19% ‐0.18% ‐0.01% ‐0.16% ‐0.15% ‐0.09% ‐0.10% ‐0.16% ‐0.12% 0.01% ‐0.19% 0.07%
BMA Em Coefficient of Variation 0.54 0.03 0.02 0.04 0.10 0.10 0.10 0.10 0.10 0.09 0.09 0.09 0.08 0.10 0.02 0.03
BMA Em Sharpe (0.05) (5.63) (7.57) (2.45) (1.36) (1.37) (1.27) (1.32) (1.39) (1.44) (1.49) (1.55) (2.44) (1.27) (7.57) 2.13
BMA Em Sortino (0.03) (0.20) (0.16) (0.15) (0.13) (0.15) (0.16) (0.14) (0.14) (0.15) (0.14) (0.14) (0.14) (0.15) (0.13) (0.20) 0.02
BMA Em Treynor (0.00) 0.01 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.00
BMA Em Jensen's Alpha 0.00 (0.00) (0.00) (0.00) (0.00) (0.00) (0.00) (0.00) (0.00) (0.00) (0.00) (0.00) (0.00) (0.00) (0.00) 0.00
BMA Em Tracking Error 0.57% 0.11% 0.08% 0.10% 0.13% 0.14% 0.14% 0.14% 0.15% 0.14% 0.13% 0.13% 0.13% 0.15% 0.08% 0.02%
BMA Em Information Ratio 0.74 2.46 3.47 3.10 2.23 1.71 1.91 1.66 1.48 1.54 1.63 1.66 2.08 3.47 1.48 0.67
BMA Em VAMI 1.13 1.01 1.02 1.03 1.04 1.05 1.06 1.07 1.08 1.08 1.09 1.10 1.11 1.06 1.11 1.01 0.03
BMA Em Excess Return on RFR ‐0.03% ‐0.19% ‐0.15% ‐0.15% ‐0.11% ‐0.12% ‐0.13% ‐0.11% ‐0.12% ‐0.12% ‐0.12% ‐0.12% ‐0.12% ‐0.13% ‐0.11% ‐0.19% 0.02%
BMA EmMisc. Info
BMA Em Last NAVs 10.5535 10.1477 10.2466 10.3438 10.2008 10.2814 10.1146 10.2122 10.2961 10.1322 10.1232 10.1336 10.0577 10.19 10.34 10.06 0.09
BMA Em Payouts 0.5000 0.2500 0.2500 0.2500 0.1000 0.0800 0.1600 0.18 0.25 0.08 0.08
BMA Em Ex‐NAVs 10.1477 10.2466 10.3438 10.2008 10.2814 10.1146 10.2122 10.2961 10.1322 10.1232 10.1336 10.0577
BMA Em Net Assets 675.99 761.98 757.31 690.41 683.74 715.34 749.20 640.40 492.62 558.72 817.71 796.60 785.55 704.13 817.71 492.62 98.61
BMA Em MoM + / (‐) % in NA ‐21.13% 12.72% ‐0.61% ‐8.83% ‐0.97% 4.62% 4.73% ‐14.52% ‐23.08% 13.42% 46.35% ‐2.58% ‐1.39% 1.26% 46.35% ‐23.08% 17.30%
BMA Em Total + / (‐) YTD % in NA ‐67.22% 12.72% 12.03% 2.13% 1.15% 5.82% 10.83% ‐5.27% ‐27.13% ‐17.35% 20.96% 17.84% 16.21% 4.16% 20.96% ‐27.13% 14.59%
ASKARI SOVEREIGN CASH FUNDMCB CASH MANAGEMENT OPTIMIZER FUNDBMA EMPRESS CASH FUND
Prepared by: Mustansir Shabbar, Head of Customer Services, Dawood Capital Management Limited, www.edawood.com