Date: 17‐05‐2017

Money Market Funds

Money Market FundsAHI Pakistan Cash Fund (AHI PCF)

Investing Safely

Key BenefitsShort term instrument with low

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

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

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

AHI PCF NAFA GSLF UBL LPF MCB 

CMOPASKARI SCF BMA ECF Atlas 

MMFLaksonMMF

ALGHP CF JS CF

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

Return (1M) 4.99 5.01 5.07 5.04 5.04 5.07 5.19 5.10 4.51 4.88

Return (6M) 9.55 9.83 7.13 8.19 11.31 4.76 6.53 7.40 8.06 6.07

Fund [Mar‐17] [Mar‐17] [Mar‐17] [Mar‐17] [Mar‐17] [Mar‐17] [Mar‐17] [Mar‐17] [Mar‐17] [Mar‐17]

Cash & Equivalent 99.9 59 89 90 1.78 12.42 95.7 101 88.9 17.34T‐Bills ‐ 40 9 ‐ 0 3 98 14 88 74 0 4 ‐ ‐ 82 52T Bills 40.9 0.3 98.14 88.74 0.4 82.52Placements ‐ ‐ 10 ‐ ‐ ‐ ‐ ‐ ‐ ‐Comm. Papers ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐TDRs ‐ ‐ ‐ 9.2 ‐ ‐ ‐ ‐ 10.6 ‐PIBs ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐TFCs ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐Government Secs. ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐Other Assets 0.1 0.1 1 0.5 0.08 ‐1.16 3.9 ‐1 0.5 0.15GOP Ijarah ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐AUM(mn)April‐2017 1,324 6,277 3,045 7,158 1,326 140 6,860 4,879 854 429

AUM(mn)March‐2017 1,279 6,376 2,917 8,084 1,285 100 6,465 4,804 789 416

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: 17‐05‐2017

Money Market Funds

Money Market Funds

Alfalah GHP Money Market Fund (Alfalah GHP MMF)

Investing Safely

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

HBL Money Market Fund (HBL MMF)ABL Cash Fund (ABL CF)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+ AM2++ AM2++Fund Rating AA(f) AA(f) AA(f)  AA(f)  AA(f) AA(f) AA+(f) AA (f) AAManagement Fee 0.8 1 1 0.5 0.8 0.85 0.4 1 1g

Return (1M) 4.84 4.68 4.82 5.36 4.90 5.22 4.43 5.33 4.61

Return (6M) 6.10 7.30 9.46 5.86 8.02 7.69 7.48 6.52 5.88

Fund [Mar‐17] [Mar‐17] [Mar‐17] [Mar‐17] [Mar‐17] [Mar‐17] [Mar‐17] [Mar‐17] [Mar‐17]

Cash & Equivalent 90.1 88.39 92.26 86.06 87.46 91.36 4.95 86.5 92T‐Bill ‐ ‐ ‐ ‐ ‐ ‐ 94.84 ‐ ‐Placements ‐ ‐ ‐ ‐ ‐ ‐ ‐ 4.1 7Comm. Papers ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐TDRs 9.4 10.93 7.25 13.14 11.99 8.13 ‐ 8.9 ‐PIBs ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐TFCs ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐Government Secs. ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐Other Assets 0 5 0 68 0 49 0 8 0 55 0 51 0 21 0 5 1Other Assets 0.5 0.68 0.49 0.8 0.55 0.51 0.21 0.5 1GOP Ijarah ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐

AUM(mn)April‐2017 1,399 4,559 6,700 5,314 927 1,190 143 13,486 567

AUM(mn)March‐2017 1,203 4,615 6,807 5,380 941 1,220 122 14,561 695

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: 17‐05‐2017

Income Funds

Income FundsABL Income Fund (ABL IF)

Investing Safely

Key BenefitsHigher yielding debt instruments.( )

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

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

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

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

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

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

Return (1M) 4.48 5.54 5.30 4.60 5.08 4.04 4.98 6.19 5.50

Return (6M) 6.33 8.71 5.20 5.19 5.93 5.41 7.25 10.30 4.29

Fund [Mar‐17] [Mar‐17] [Mar‐17] [Mar‐17] [Mar‐17] [Mar‐17] [Mar‐17] [Mar‐17] [Mar‐17]

Cash & Equivalent 50.34 30.2 49.4 55.02 38.6 2.73 62.96 34.5 60.96

T‐Bills ‐ 3.1 7.4 ‐ 4.5 91.06 ‐ ‐ ‐

Placements ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐

Comm. Papers ‐ ‐ ‐ 0.53 ‐ ‐ ‐ ‐ ‐

TDRs ‐ 10.5 ‐ 9.68 8.2 ‐ ‐ 15.1 9.57

PIBs ‐ 0.5 3.9 1.45 ‐ ‐ ‐ ‐ 5.63

TFCs / Sukuks 21.89 18 17.6 22.72 32.5 5.88 35.5 48.3 22.07

Government Secs. ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐

Other Assets 22.62 22.3 6.3 3.03 3.9 0.33 1.54 2.1 1.78

GOP Ijarah ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐

AUM(mn)April‐2017 3,633 1,366 10,116 6,405 937 419 101 772 1,110

AUM(mn)March‐2017 3,927 1,309 9,975 6,652 1,072 421 110 763 1,000

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: 17‐05‐2017

Income Funds

Income FundsJS Income Fund (JS IF)

Investing Safely

Key BenefitsHigher yielding debt instruments.( )

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

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

JS IF MCB DCF IF NAFA SPF NIT IF 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) 5.87 5.14 5.09 5.16 4.62 5.04 4.14 5.92

Return (6M) 5.85 7.92 10.40 6.10 6.13 5.80 4.42 6.02

Fund [Mar‐17] [Mar‐17] [Mar‐17] [Mar‐17] [Mar‐17] [Mar‐17] [Mar‐17] [Mar‐17]

Cash & Equivalent 65.35 28.1 64.6 39.94 56.05 50.5 89 49T‐Bills ‐ 2.9 6.7 45.57 ‐ 2.2 ‐ 1Placements ‐ ‐ ‐ ‐ ‐ 9.5 ‐ ‐Comm. Papers ‐ ‐ ‐ ‐ ‐ 0.7 ‐ ‐TDRs 22.38 11.6 18.9 ‐ 25.32 15.1 ‐ 19PIBs ‐ ‐ ‐ ‐ 13.15 1.8 ‐ 4TFCs / Sukuk 5.89 21.4 ‐ 8.77 ‐ 4.2 8 7Government Secs. ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐Oth A t 5 12 17 5 0 8 0 86 1 4 10 3 1Other Assets 5.12 17.5 0.8 0.86 1.4 10 3 1GOP Ijarah ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐

AUM(mn)April‐2017 2,725 6,508 419 4,120 1,682 14,680 188 4,040

AUM(mn)March‐2017 2,839 6,571 429 4,200 1,732 14,349 194 3,936

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: 17‐05‐2017

Income Funds

Income Fund (Government Securities Funds)

NIT Government Bond Fund

Investing Safely

Key BenefitsHigher yielding debt instruments.NIT Government Bond Fund

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

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

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

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

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

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

Return (1M) 5.02 5.04 4.83 4.77 5.05 5.12 3.95 4.92

Return (6M) 6.15 4.79 8.84 6.71 6.43 6.94 7.63 7.51

Fund [Mar‐17] [Mar‐17] [Mar‐17] [Mar‐17] [Mar‐17] [Mar‐17] [Mar‐17] [Mar‐17]

Cash & Equivalent 21.88 25 45.06 57.4 0.6 50.9 48.6 48.88

T‐Bills 57.82 70 35.58 40.7 90 47.9 2.03 3.32

Placements ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐

Comm. Papers ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐

TDRs ‐ 3 5.83 ‐ ‐ ‐ 8.18 ‐

PIBs 19.78 2 9.3 ‐ ‐ 1 ‐ ‐

TFCs ‐ ‐ 3.96 ‐ 4.7 ‐ ‐ 23.2

Government Secs. ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐

Oth A t 0 52 1 0 27 1 9 1 4 2 9 91 0 53Other Assets 0.52 1 0.27 1.9 1.4 2 9.91 0.53

GOP Ijarah ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐

AUM(mn)April‐2017 4,060 4,816 4,161 119 1,665 3,363 1,115 2,847

AUM(mn)March‐2017 4,100 5,513 4,437 148 1,542 3,439 1,207 2,887

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: 17‐05‐2017

Equity Fund

Equity FundsAKD Opportunity Fund (AKD OF)

Investing Safely

Key BenefitsLong term growth.pp y ( )

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

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

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

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

Return (1M) 8.01 8.58 9.76 10.18 9.52 8.75 8.47 10.18

Return (6M) 15.38 24.01 25.21 24.14 25.20 23.15 22.32 26.16

Sector [Mar‐17] [Mar‐17] [Mar‐17] [Mar‐17] [Mar‐17] [Mar‐17] [Mar‐17] [Mar‐17]

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

Banks ‐ 19.1 ‐ 17.3 16.65 13.8 10 16

Other 59.44 24 20.3 28.05 33.99 30.2 51 33

Textile Composite ‐ 6.3 5.4 ‐ ‐ 8.8 ‐ ‐

Cement ‐ 19.3 12.1 14.57 11.77 15.9 ‐ 15

Power Generation 7.77 10.2 5.5 ‐ ‐ ‐ ‐ ‐

Oil Marketing Companies 8.66 ‐ 7.8 7.35 10.31 ‐ 13 8Oil and Gas Exploration ‐ 9.6 10.6 14.22 12.27 11.1 ‐ 11Automobile Assembler ‐ ‐ 2.4 ‐ ‐ ‐ 6 ‐Technology and Communication 10.24 ‐ 2 ‐ ‐ ‐ ‐ ‐Fertilizer 7.75 ‐ 9.8 10.43 ‐ 8.6 ‐ 7Food and Personal Care Products ‐ ‐ 2.5 ‐ ‐ ‐ ‐ ‐

AUM (mn)April‐2017 3,798 13,334 6,091 6,614 3,128 17,535 92,939 8,506

AUM (mn)March‐2017 3,469 11,562 6,079 6,353 2,791 16,421 89,366 7,559

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

Note: All Returns are Absolute 

Date: 17‐05‐2017

Equity Fund

Equity FundsABL Stock Fund

Investing Safely

Key BenefitsLong term growth.

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

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

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

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

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

Management Fee 2 1.75 2 2 2 2 2

Return (1M) 9.48 9.64 6.95 9.56 10.64 5.98 9.06

Return (6M) 27 44 25 18 22 26 23 41 27 89 17 18 24 84Return (6M) 27.44 25.18 22.26 23.41 27.89 17.18 24.84

Sector [Mar‐17] [Mar‐17] [Mar‐17] [Mar‐17] [Mar‐17] [Mar‐17] [Mar‐17]Chemicals 4.1 ‐ ‐ 7.74 ‐ 1.63 ‐Construction and Materials ‐ ‐ ‐ 13.52 ‐ ‐ ‐

Banks 15.08 16.96 12.95 22.39 6.9 14.68 16.61

Other 8.17 33.74 33.38 21.37 45.93 ‐ 32.95Textile Composite 3 87 ‐ ‐ ‐ ‐ 3 67 ‐Textile Composite 3.87 ‐ ‐ ‐ ‐ 3.67 ‐Cement 14.09 11.72 17.1 ‐ 15.5 12.47 12.54Power Generation 3.79 ‐ ‐ ‐ ‐ 2.7 ‐Oil Marketing Companies 8.63 10.31 ‐ 8.45 8.55 6.45 7.48Oil and Gas Exploration 8.4 12.27 7.58 9.85 ‐ 11.94 10.11

Automobile Assembler 6.59 ‐ 7.48 ‐ 7.99 ‐ ‐

Technology and Communication ‐ ‐ ‐ ‐ ‐ 5.28 ‐gyFertilizer 7.8 ‐ ‐ ‐ ‐ 6.88 7.66Food and Personal Care Products ‐ ‐ ‐ ‐ ‐ 2.42 ‐

AUM(mn)April‐2017 8,396 1,944 244 4,723 927 140 6,614

AUM(mn)March‐2017 7,184 1,854 221 4,571 850 159 452

Note: All Returns are Absolute

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

Note: All Returns are Absolute 

Date: 17‐05‐2017

Asset Allocation Funds

Asset Allocation FundsAlfalah GHP Value Fund

Investing Safely

Key BenefitsHigher yielding debt instruments.

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

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

Pak Oman Advantage Asset Allocation FundUBL Asset Allocation Fund

AlfalalahGHP VF

AskariAAF

FaysalAAF

LaksonAADMF

LaksonTF

MCB PakAAF

MCB Pak FPF

NAFA AAF

PIML AAF

Pak Oman AAAF UBL AAF

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

Return (1M) 8.18 4.24 7.22 1.68 5.64 2.81 0.81 6.37 7.55 5.56 4.46

Return (6M) 20.20 13.38 21.92 5.94 12.74 5.21 2.63 18.08 11.88 15.19 12.57

Fund [Mar‐17] [Mar‐17] [Mar‐17] [Mar‐17] [Mar‐17][Mar‐17] [Mar‐17] [Mar‐17][Mar‐17] [Mar‐17] [Mar‐17]

Cash & Equivalent 16.4 19.22 14.46 6 28 37 23.2 37.7 1.42 14.17 61.3T‐Bill 2.2 ‐ ‐ 50 ‐ ‐ 11.4 ‐ ‐ ‐ ‐T Bill 2.2 50 11.4Placements ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐Comm. Papers ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐TDRs ‐ ‐ ‐ ‐ 19 14.3 18.8 1.6 14.51 ‐ ‐PIBs ‐ 11.95 ‐ 15 3 0.2 30.8 ‐ 8.99 ‐ ‐TFCs / Sukuk ‐ ‐ ‐ ‐ 3 6.4 0.1 ‐ 0.81 2.43 ‐Government Secs. ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐Other Assets 0.8 3.36 4.7 1 2.9 5.7 0.8 ‐ 3.28 1.2Equities 80.7 65.47 80.84 29 45 39.2 10 59.9 70.26 80.11 37.2AUM(mn)April‐2017 2,685 211 363 227 1,588 2,235 985 3,353 1,239 399 2,793

AUM(mn)March‐2017 2,221 210 182 294 1,524 2,045 1,055 3,150 1,236 426 2,721

Note: All Returns are Absolute

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

Note: All Returns are Absolute 

Date: 17‐05‐2017

Aggressive Fixed Income Funds

Aggressive Fixed Income FundsAlfalah GHPIMF

Investing Safely

Key BenefitsHigher yielding debt instruments.

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

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

Fund

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

AMC Rating AM2 AM3+ AM3++ AM3 AM3++ AM2++ AM2++Fund Rating A+(f)  BBB+(F)  A A+ (F) A(f) BBB+ A+(f)Management Fee 1.25 1.5 1.5 1.5 1.5 1.5 1.5Return (1M) 5.55 5.70 4.45 5.64 5.96 9.52 5.36

Return (6M) 6.03 6.36 5.41 5.80 5.39 5.95 6.12

Fund [Mar‐17] [Mar‐17] [Mar‐17] [Mar‐17] [Mar‐17] [Mar‐17] [Mar‐17]

Cash & Equivalent 46.3 14.52 6.54 50.79 66.26 64 27.4T‐Bill 4.6 20.24 9.63 ‐ ‐ ‐ 1.7Pl tPlacements ‐ ‐ ‐ ‐ ‐ ‐ ‐Comm. Papers ‐ ‐ ‐ 14.1 ‐ 2 3.3TDRs 7.1 15.55 ‐ 29.35 ‐ 4 13.1PIBs ‐ ‐ ‐ 5.14 ‐ ‐ 0.7TFCs 26.6 17.37 40.68 ‐ 32.66 13 16.9Government Secs. ‐ ‐ ‐ ‐ ‐ ‐ ‐Other Assets 0 9 23 75 13 27 0 62 1 09 15 13 8Other Assets 0.9 23.75 13.27 0.62 1.09 15 13.8GOP Ijarah ‐ ‐ ‐ ‐ ‐ ‐ ‐

AUM(mn)April‐2017 2,464 1,094 4,105 146 1,287 5,726 2,325

AUM(mn)March‐2017 2,440 1,150 4,044 136 1,313 5,682 2,568

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: 17‐05‐2017

Pension Funds

Pension FundsPakistan Pension Fund (PPF)

Investing Safely

Key BenefitsLong term investment.( )

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

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

P PF UBL RSF ATLAS PF

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

Return (1M) 7.81 4.26 4.21 10.04 4.48 4.24 9.69 5.30 5.16

Return (6M) 22.10 4.83 4.55 28.28 5.17 4.47 22.83 5.76 5.82

Fund [Mar‐17] [Mar‐17] [Mar‐17] [Mar‐17] [Mar‐17] [Mar‐17] [Mar‐17] [Mar‐17] [Mar‐17]

Oil & Gas Exploration 10.6 ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐Oil & Gas Exploration 10.6Power Generation & Distribution  6.9 ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐

Commercial Banks 15.3 ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐Equities 35 ‐ ‐ 89 ‐ ‐ 89.6 ‐ ‐

Oil & Gas Marketing ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐

Cement  18.8 ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐GOP G. Securities ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐T‐Bill ‐ 26.6 43.2 ‐ 58 42 ‐ 46 59.3TFC ‐ 16.7 ‐ ‐ 4 ‐ ‐ 7.4 ‐PIB ‐ 12 ‐ ‐ 14 ‐ ‐ 1.2 ‐Placement with Bank ‐ 37.6 ‐ 37.4 ‐ 17 ‐ ‐ ‐Sukuk ‐ ‐ ‐ ‐ ‐ ‐ ‐ 4.7 ‐Cash 5 2 5 9 18 9 10 23 41 9 3 40 2 40 5

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

Cash 5.2 5.9 18.9 10 23 41 9.3 40.2 40.5Other Assets 1.3 1.2 0.5 1 ‐ 1 1.1 0.5 0.3AUM(mn)April‐2017 796.51 501.94 167.48 1623 742 524 441 306 220AUM(mn)March‐2017 798.24 447.04 158.58 1,513 753 539 427 306 219

Note: All Returns are Absolute 

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

Date: 17‐05‐2017

Pension Funds

Pension FundsABL Pension Fund (ABL PF)

Investing Safely

Key BenefitsLong term investment.( )

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

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

ABL PF NAFA PF HBL PF

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

Return (1M) 9.52 3.85 3.95 9.17 4.57 4.07 9.45 4.57 4.61

Return (6M) 26.68 5.19 3.95 23.26 4.45 4.20 22.23 4.87 4.75

Fund [Mar‐17] [Mar‐17] [Mar‐17] [Mar‐17] [Mar‐17] [Mar‐17] [Mar‐17] [Mar‐17] [Mar‐17]

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

Commercial Banks ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐Equities 92.19 ‐ ‐ 92.9 ‐ ‐ 84.83 ‐ ‐Oil & Gas Marketing ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐Cement  ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐GOP G. Securities ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐T‐Bill ‐ 64.92 42.40 ‐ 39.7 ‐ ‐ ‐ 26.24TFC ‐ ‐ ‐ ‐ 12.7 ‐ ‐ 22.64 ‐PIB ‐ ‐ ‐ ‐ 3.5 ‐ ‐ 56.41 ‐Placement with Bank ‐ ‐ ‐ ‐ ‐ 18.6 ‐ 11.12 28.96Sukuk ‐ 16.88 ‐ ‐ ‐ ‐ ‐ ‐ ‐Cash 7 17 17 83 57 28 5 9 42 7 80 4 14 86 6 67 42 90

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

Cash 7.17 17.83 57.28 5.9 42.7 80.4 14.86 6.67 42.90Other Assets 0.64 0.37 0.32 1.2 1.4 1 0.31 3.16 1.91AUM(mn)April‐2017 117.159 76.295 53.190 1094.9 385.9 409.1 241.83 180.95 154.35AUM(mn)March‐2017 111.743 75.515 53.123 1,002.9 396.7 389.3 224.51 177.9465 153.6932

Note: All Returns are Absolute 

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

Date: 17‐05‐2017

Islamic Cash Funds

Islamic Cash FundsMeezan Cash Funds (Meezan CF)

Investing Safely

Key BenefitsHigher yielding debt instruments.( )

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

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

Meezan CF HBL IMMF Al Ameen ICF

AMC Rating AM2++ AM2 AM2++

Fund Rating AA(f) AA(f) AA 

Management Fee 1 1 1

Return (1M) 3.98 3.98 4.68

Return (6M) 7.40 4.20 4.74

Fund [Mar‐17] [Mar‐17] [Mar‐17]

Cash & Equivalent 97 99.53 89

T‐Bill ‐ ‐ ‐

Placements ‐ ‐ ‐

Comm. Papers ‐ ‐ ‐

TDRs 0 ‐ 10

PIBs ‐ ‐ ‐

TFCs ‐ ‐ ‐

Government Secs. ‐ ‐ ‐

Other Assets 3 0 47 2Other Assets 3 0.47 2

GOP Ijarah ‐ ‐ ‐

AUM(mn)April‐2017 4,900 687 2,068

AUM(mn)March‐2017 4,053 686 2,571

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: 17‐05‐2017

Islamic Income Funds

Islamic Income FundsAtlas Islamic Income Fund

Investing Safely

Key BenefitsHigher yielding debt instruments.

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

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

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

AMC Rating AM2 AM2++ ‐ AM3++ AM2 AM2++Fund 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) 4.70 3.63 5.34 3.93 4.26 2.14

Return (6M) 5.18 5.08 5.67 6.06 5.09 5.01

Fund [Mar‐17] [Mar‐17] [Mar‐17] [Mar‐17] [Mar‐17] [Mar‐17]

Cash & Equivalent 92.8 31 83.92 78.94 66.8 18T‐Bill ‐ ‐ ‐ ‐ ‐ ‐Placements ‐ ‐ ‐ ‐ ‐ ‐Comm. Papers ‐ ‐ ‐ ‐ ‐ ‐TDRs ‐ 23 8.96 ‐ 9.6 ‐PIBs ‐ ‐ ‐ ‐ ‐ ‐TFCs / Sukuk 2.1 19 6.28 20.4 22.9 ‐Government Secs. ‐ 19 ‐ ‐ ‐ 81Other Assets 0.6 1 0.84 0.66 0.6 1GOP Ijarah 4.5 ‐ ‐ ‐ ‐ ‐

AUM(mn)April‐2017 3,101 10,532 459 479 4,513 5,707

AUM(mn)March‐2017 2,490 10,625 470 478 4,676 6,774

Note: All Returns are Annualized

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

Note: All Returns are Annualized 

Date: 17‐05‐2017

Islamic Income Funds

Islamic Income Funds

Investing Safely

Key BenefitsHigher yielding debt instruments.

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

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

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

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

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

Management Fee 1.5 1 1.25 1 1 1g

Return (1M) 6.01 4.13 4.83 4.98 2.78 5.60

Return (6M) 4.62 5.23 6.03 4.94 3.19 7.40

Fund [Mar‐17] [Mar‐17] [Mar‐17] [Mar‐17] [Mar‐17] [Mar‐17]

Cash & Equivalent 48.69 70.56 93.3 95.2 11 43.5T‐Bill ‐ ‐ ‐ ‐ ‐ ‐Placements ‐ ‐ ‐ ‐ ‐ ‐Comm. Papers 7.39 ‐ ‐ ‐ ‐ ‐TDRs 9.03 16.98 ‐ ‐ 18 ‐PIBs 0 0 ‐ ‐ ‐ ‐TFCs / Sukuk 33.89 12 ‐ 0.9 ‐ 28Government Secs. ‐ ‐ ‐ ‐ ‐Other Assets 1 0.46 1.2 0.7 1 0.7GOP Ijarah ‐ ‐ 5.5 3.2 70 9.7

AUM(mn)April‐2017 1,218 5,661 1,901 2,911 3,341 1,065

AUM(mn)March‐2017 1,207 5,315 1,822 3,076 3,096 1,064

Note: All Returns are Annualized

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

Note: All Returns are Annualized 

Date: 17‐05‐2017

Islamic Equity Funds

Islamic Equity FundsAtlas Islamic Fund (ATLAS ISF) 

Investing Safely

Key BenefitsLong term Growth.( )

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

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

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

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

Fund Rating 4 Star 5 Star 3 Star  4 Star ‐ ‐ 1 Star  3 Star  4 Star

Management Fee 2 2 2 2 2 2 2 2 2

Return (1M) 8.50 9.66 7.11 8.09 7.69 8.76 8.63 7.54 8.55

( )Return (6M) 22.96 23.18 22.42 27.03 24.10 25.13 24.03 22.91 28.39

Sector [Mar‐17] [Mar‐17] [Mar‐17] [Mar‐17] [Mar‐17] [Mar‐17] [Mar‐17] [Mar‐17] [Mar‐17]

Chemicals ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 4.74Banks 2.5 ‐ ‐ ‐ ‐ ‐ ‐ ‐ 2.22Other 1.5 36.8 37 31 29.6 34.02 29.15 34 7.27Textile Composite 3.2 ‐ ‐ ‐ ‐ ‐ ‐ ‐ 4.39Cement 19.1 22.48 20 23 20.1 14.26 19.12 21 18.12Power Generation 11.3 ‐ 9 7 8.65 9 7.01

Oil Marketing Companies 10.8 9.26 8 7 10.4 11.22 ‐ 9 9.31

Oil and Gas Exploration 14.5 ‐ 13 14 12.1 16.24 16.92 14 11.85

Automobile Assembler 1.6 7.1 ‐ ‐ 6.7 ‐ ‐ ‐ 5.85

Automobile parts andAutomobile parts and Accessories ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 9.1

Fertilizer 14.4 ‐ 13 8 9.7 9.19 11.38 13 9.45

AUM(mn)April‐2017 2,677 1,719 55,179 9,180 9,109 8,542 1,069 9,607 3,276

AUM(mn)March‐2017 2,670 1,366 52,069 8,498 7,093 8,092 964 9,017 3,088

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

Note: All Returns are Absolute 

Date: 17‐05‐2017

Islamic Asset Allocation Funds

Islamic Asset Allocation FundsAl Ameen Islamic Asset Allocation Fund Fund

Investing Safely

Key BenefitsHigher yielding debt instruments.

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

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

Al AmeenIAAF

AskariIAAF Faysal IAAF HBL IAAF Lakson ITFMeezan AAF NAFA 

IAAF Pak Oman IAAF AlhamraIAAF

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

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

Management Fee% 1 2 2 1.5 1 1.5 2 2 2

Return (1M) 3.12 2.91 6.62 2.36 4.88 6.30 5.44 5.62 7.04

Return (6M) 11.29 11.97 12.21 8.11 9.88 21.19 16.00 16.19 22.05

Fund [Mar‐17] [Mar‐17] [Mar‐17] [Mar‐17] [Mar‐17] [Mar‐17] [Mar‐17] [Mar‐17] [Mar‐17]

Cash & Equivalent 47 39.08 15.04 67.85 52 29.3 38.6 12.33 20.9T‐Bill ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐Placements ‐ ‐ ‐ ‐ 8 ‐ ‐ ‐ ‐Comm. Papers ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐TDRs 17 ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐PIBs ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐TFCs / Sukuk 3 ‐ ‐ 3.93 ‐ ‐ ‐ 1.25 0.1Government Secs. ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐Other Assets 1 2.61 5.17 0.75 2 0.6 0.8 4.8 0.7GOP Ijarah ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐Equities 33 58.31 79.79 27.47 38 70.1 60.6 81.62 78.3

AUM(mn)April‐2017 6,601 151 416 2,250 187 2,713 14,629 419 1,434

AUM(mn)March‐2017 5,733 161 193 1,502 186 2,069 13,561 410 1,388

Note: All Returns are Annualized

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

Note: All Returns are Annualized 

Date: 17‐05‐2017

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) 4.92( )

Return (6M) 4.38

Fund [Mar‐17]

Cash & Equivalent 40T‐Bill ‐Placements ‐Comm PapersComm. Papers ‐TDRs 26PIBs ‐TFCs / Sukuk 29Government Secs. ‐Other Assets 1GOP Ijarah 4

AUM(mn)April‐2017 1,037

AUM(mn)March‐2017 1,273

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: 17‐05‐2017

Islamic Pension Funds

Islamic Pension FundsPakistan Islamic Pension Fund (PIPF)

Investing Safely

Key BenefitsLong term investment.( )

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

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

PIPF Al Ameen IRSF  Atlas PIF

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

Return (1M) 7.05 2.26 3.31 7.84 2.39 3.01 8.98 2.77 3.63

Return (6M) 24.58 2.56 2.89 26.02 2.83 3.37 23.04 4.09 4.31

Fund [Mar‐17] [Mar‐17] [Mar‐17] [Mar‐17] [Mar‐17] [Mar‐17] [Mar‐17] [Mar‐17] [Mar‐17]Oil & Gas ExplorationOil & Gas ExplorationCompanies 14.8 ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐

Power Generation & Distribution 8.5 ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐

Fertilizer 8.6 ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐Equities 31 ‐ ‐ 91 ‐ ‐ 87.5 ‐ ‐Cement 20.9 ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐Chemicals ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐GOP G. Securities ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐T. Bill ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐TFC / Sukuk ‐ 6.9 ‐ ‐ 5 ‐ ‐ 3.8 ‐PIB ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐Placement with Bank ‐ 18.4 18.3 ‐ 25 37 ‐ 31.3 32.9GOP Ijarah Sukuk ‐ 55.8 15.7 ‐ 62 19 ‐ 39.7 20.3C h 8 3 17 7 65 3 9 7 43 11 7 23 45 5

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

Cash 8.3 17.7 65.3 9 7 43 11.7 23 45.5Other Assets 1.1 1.2 0.7 1 1 2 0.8 2.2 1.3AUM(mn)April‐2017 454.76 200.69 73.38 1699 449 270 398 331 254AUM(mn)March‐2017 450.98 177.93 70.41 1,574 416 269 380 327 248

Note: All Returns are Absolute 

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

Date: 17‐05‐2017

Islamic Pension Funds

Islamic Pension FundsABL Islamic Pension Fund (ABL PF)

Investing Safely

Key BenefitsLong term investment.( )

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

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

ABL IPF NAFA  IPF HBL IPF

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

Return (1M) 8.43 0.98 1.87 8.46 2.49 3.06 8.10 2.68 3.18

Return (6M) 25.92 2.17 2.26 22.85 2.67 3.32 24.13 3.40 3.76

Fund [Mar‐17] [Mar‐17] [Mar‐17] [Mar‐17] [Mar‐17] [Mar‐17] [Mar‐17] [Mar‐17] [Mar‐17]Oil & G M k tiOil & Gas Marketing Companies ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐

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

Fertilizer ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐Equities 91.37 ‐ ‐ 93.2 ‐ ‐ 92.53 ‐ ‐Cement ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐Chemicals ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐Chemicals ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐GOP G. Securities ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐T. Bill ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐TFC / Sukuk ‐ 10.59 ‐ ‐ ‐ ‐ ‐ 6.56 ‐PIB ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐Placement with Bank ‐ ‐ ‐ ‐ ‐ ‐ ‐ 18.94 ‐GOP Ijarah Sukuk ‐ 78.43 37.94 ‐ 38.1 7.6 ‐ 25.86 17.76

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

Cash 7.98 9.31 60.94 5.8 60.1 90.5 4.24 44.99 79.41Other Assets 0.65 1.67 1.12 1.0 1.8 1.9 3.23 3.65 2.84AUM(mn)April‐2017 104.4449 48.2896 35.6450 930.3 308.9 204.7 216.09 94.3224 78.3954AUM(mn)March‐2017 103.5565 48.3786 35.6140 862.5 296.4 196.4 207.12 93.1088 78.0736

Note: All Returns are Absolute 

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