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SAVE, INVEST & ENJOY
A wholly owned subsidiary of
1
www.primusinvestments.comwww.primusinvestments.com
Primus Investment Management Limited is a wholly subsidiary of Pak Brunei which came inplace as a joint venture between Government of Pakistan and Brunei Investment Agency(BIA). Primus primary goal is social and financial development in the society. To achieve thepurpose of safeguarding the future and development of the society.
PRIMUS Investment Management Limited (PIML) is a public, unlisted Non- Banking FinanceCompany, the company is a 100% subsidiary of Pak Brunei Investment Company and wasgranted license by the SECP to undertake Asset Management & Investment Advisory Serviceson December 23, 2011.
Managing total assets of over PKR 8.95 billion in 7 open-end funds. 5 Conventional and 2Shariah Compliant Funds, year end closing as of 31st June 2016.
Our PIML Daily Reserve Fund and PIML Income Fund are best performance funds in theirrespective category.
Awarded 4 Star rating in PIML Islamic Equity Fund and 3 Star rating for PIML Strategic MultiAsset Fund by PACRA .
ABOUT PRIMUS
2
www.primusinvestments.comwww.primusinvestments.com
Awarded by PACRA or JCR-VIS AM1 (Highest Management Quality)
Rating of Asset Management Companies (AMCs) as of June 2016
AM2 (Very High Investment Management Standards)
AMCs Rating Agency
MCB-Arif Habib Savings and Investments Limited AM2+ PACRA
NBP Fullerton Asset Management Limited AM2++ PACRA
Al Meezan Investment Management Limited AM2+ JCR-VIS
UBL Fund Managers Limited AM2++ JCR-VIS
ABL Asset Management Company Limited AM2+ JCR-VIS
Atlas Asset Management Limited AM2- PACRA
PICIC Asset Management Company Limited AM2- JCR-VIS
National Investment Trust Limited AM2+ PACRA
JS Investments Limited AM2+ JCR-VIS
HBL Asset Management Limited AM2- JCR-VIS
Lakson Investments Limited AM2- PACRA
Alfalah GHP Investment Management Limited AM2- PACRA
AM3 (Good Management Quality)
AMCs Rating Agency
Primus Investment Management Limited AM3+ JCR-VIS
Askari Investment Management Limited AM3++ JCR-VIS
Faysal Asset Management Limited AM3++ JCR-VIS
BMA Asset Management Company Limited AM3 PACRA
Habib Asset Management Limited AM3+ PACRA
AKD Investment Management Limited AM3 JCR-VIS
AM4 (Adequate Management Quality)
AMCs Rating Agency
First Capital Investments Limited AM4+ PACRA
Pak Oman Asset Management Company Limited AM4+ JCR-VIS
3
www.primusinvestments.com
Board of Directors & Management
Board of Directors
Mr. Khalid Aziz Mirza Chairman MBA
Ms. Ayesha Aziz Director MBA & CFA
Mr.Mokhzani Izhar Bin Haji Abu Bakar Director BA (Hons) in Accounting & Financial Management
Mr. Zafar Iqbal Sobani Director CA
Mr. Ahmed Ateeq Director MBA
Management Team
Mr. Ahmed Ateeq Chief Executive Officer MBA
Ms. Rida Jiwani Chief Strategy Officer B.Sc Management
Mr. M. Samir Malik Chief Investment Officer B.Sc (Honors) in Account & Finance & CFA
Mr. Hamza Saboor Chief Financial Officer ACA
Mr. Asif Iqbal Head of Risk & Compliance Bachelors in Accounts & Finance
Mr. Muhammad Babar Din Unit Head Finance & Operations B.Com & CMA (PK) Finalist
Mrs. Rabia Bukhari Head of Research CFA
4
www.primusinvestments.comwww.primusinvestments.com
Investment Philosophy
Short Term (<1 year)
Low RiskMoney Market
Long Term (>5 years)
High Growth Equity
Medium Term
(2-5 years)
Moderate Growth
Fixed Income / Asset Allocation
Strategy
• To create value for investors by offering innovative investment solutions to cater to varying investment needs – keeping in line with investors’ risk profile.
• We recommend the most suitable asset class based on the investment horizon and need assessment of an Investor.
5
www.primusinvestments.comwww.primusinvestments.com
Our Funds
PIML is currently managing the following funds:
Conventional Funds
PIML – Income Fund
PIML – Daily Reserve Fund
PIML – Strategic Multi Asset Fund
PIML – Value Equity Fund
PIML – Asset Allocation Fund
Sha'riah Compliant Funds
PIML – Islamic Income Fund
PIML – Islamic Equity Fund
6
www.primusinvestments.com
Money Market / Income Category
7
www.primusinvestments.comwww.primusinvestments.com
PIML-Daily Reserve Fund
Asset Allocation as of June 2016PIML-DRF Vs Peer Group (AAR) June 2016
Benchmark:50% 3 months PKRV + 3 months average deposit rate of AA & Above rated Banks
Returns Vs Benchmark since inception
Fund Details Fund Rating Fund Size
June 2016 AA(f) by PACRA Over 1,599 millions
9.35%
7.16%Ret
urn
sR
etu
rns
As of June 2016
Annualized Returns (YTD) 6.00%
Benchmark (YTD) 5.39%
Peer Group Average (YTD) 3.36%
Standard Deviation 0.29%
Sharp Ratio 0.34
8
Placements with DFIs, 5.98%
T-Bills, 11.88%
Cash at Bank, 81.90%
Others including receivables
(NR), 0.24%
0%
2%
4%
6%
8%
10%
12%
14%
Jan
-13
Feb
-13
Mar
-13
Ap
r-1
3M
ay-1
3Ju
n-1
3Ju
l-13
Au
g-13
Sep
-13
Oct
-13
No
v-1
3D
ec-1
3Ja
n-1
4Fe
b-1
4M
ar-1
4A
pr-
14
May
-14
Jun
-14
Jul-
14A
ug-
14Se
p-1
4O
ct-1
4N
ov-
14
Dec
-14
Jan
-15
Feb
-15
Mar
-15
Ap
r-1
5M
ay-1
5Ju
n-1
5Ju
l-15
Au
g-15
Sep
-15
Oct
-15
No
v-1
5D
ec-1
5Ja
n-1
6Fe
b-1
6M
ar-1
6A
pr-
16
May
-16
Jun
-16
Benchmark PIML DRF
6.0
0%
4.3
4%
10.39%
3.7
0%
4.4
0%
5.1
0%
5.4
8%
5.7
4%
5.9
9%
3.3
6%
3.6
0%
6.0
8%
5.6
7%
5.3
2%
5.2
8%
5.3
0%
5.3
6%
5.5
2%
0%
2%
4%
6%
8%
10%
12%
* YTD MTD 1 Day 15 Days 30 Days 90 Days 180 Days 270 Days 365 Days
PIML DRF Industry
www.primusinvestments.comwww.primusinvestments.com
Money Market Fund’s Performance with its PEER Group Monthly Annualized.
9
PDRF Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2016 5.96% 5.82% 5.11% 5.32% 5.45% 4.34%
2015 10.22% 8.26% 8.18% 15.78% 7.77% 5.82% 6.31% 5.82% 6.48% 5.41% 6.72% 5.96%
Money Market (Annualized Return)
Fund Name Rating Validity Date NAV * YTD MTD 1 Day 15 Days 30 Days 90 Days 180 Days 270 Days 365 Days
1 UBL Liquidity Plus Fund AA(f) 30-Jun-16 100.55 5.57 8.28 12.42 11.49 8.17 6.11 5.58 5.47 5.57
2 ABL Cash Fund AA(f) 30-Jun-16 10.02 5.77 7.18 5.83 9.72 7.10 5.80 5.64 5.61 5.77
3 PICIC Cash Fund AA(f) 30-Jun-16 100.55 6.06 6.96 5.37 8.73 6.89 5.96 5.77 5.86 6.06
4 Lakson Money Market Fund AA(f) 4-Jul-16 100.19 5.59 5.59 5.59 5.07 5.75 5.67 5.64 5.50 5.60
5 Pakistan Cash Management Fund AAA(f) 30-Jun-16 50.20 5.85 5.67 5.89 6.09 5.66 5.58 5.61 5.72 5.85
6 NAFA Money Market Fund AA(f) 28-Jun-16 10.44 - - 5.60 5.84 5.50 5.77 6.18 6.02 6.55
7 NAFA Government Securities Liquid Fund AAA(f) 29-Jun-16 10.72 - - 4.77 5.53 5.38 5.55 5.82 5.66 5.72
8 Askari Sovereign Cash Fund AA+(f) 1-Jul-16 100.45 - - 35.39 5.81 5.24 5.45 5.25 5.25 5.58
9 Atlas Sovereign Liquid Fund AA(f) 30-Jun-16 100.11 5.79 5.23 8.53 5.57 5.23 5.50 5.39 5.47 5.79
10 Atlas Money Market Fund AA(f) 30-Jun-16 501.10 6.02 5.16 3.88 5.14 5.16 5.68 5.65 5.72 6.02
11 HBL Money Market Fund AA(f) 30-Jun-16 101.55 - - 4.78 4.39 4.95 4.73 4.74 4.86 5.09
12 JS Cash Fund AA+(f) 30-Jun-16 102.51 5.71 4.86 3.56 4.87 4.92 5.22 5.41 5.45 5.71
13 UBL Money Market Fund (Formerly: UBL Savings Income Fund) AA(f) 30-Jun-16 100.41 5.14 4.78 5.34 4.15 4.90 4.94 4.86 4.98 5.14
14 First Habib Cash Fund AA(f) 30-Jun-16 100.33 5.34 4.87 6.51 5.16 4.87 4.96 5.01 5.10 5.34
15 AKD Cash Fund AA+(f) 30-Jun-16 50.13 5.45 4.68 3.71 4.81 4.68 5.06 5.16 5.19 5.45
16 PIML Daily Reserve Fund AA(f) 30-Jun-16 105.47 6.00 4.34 10.39 3.70 4.40 5.10 5.48 5.74 5.99
17 NIT Government Treasury Fund 4-Jul-16 10.03 5.22 5.22 5.22 3.95 4.13 4.78 N/A N/A N/A
18 Alfalah GHP Cash Fund AA(f) 30-Jun-16 495.60 - - 5.16 3.84 4.10 4.58 4.77 4.93 5.14
19 Alfalah GHP Money Market Fund (Formerly: IGI Money Market Fund) AA(f) 30-Jun-16 98.22 - - 3.64 3.30 3.89 4.70 4.94 5.09 5.34
20 MCB Cash Management Optimizer AA(f) 4-Jul-16 100.37 3.49 3.49 3.49 1.03 2.63 4.26 4.77 5.09 5.42
21 Faysal Money Market Fund AA+(f) 30-Jun-16 101.12 - - 28.90 (121.62) (58.96) (16.21) (5.45) (1.88) 0.04
Ranking: PIML-DRF 3 13 4 18 16 12 9 3 4
www.primusinvestments.comwww.primusinvestments.com
PIML-Income Fund
Asset Allocation as of June 2016PIML-IF Vs Peer Group (AAR) June 2016
Return Vs Benchmark since inception
Benchmark:70% 6 month KIBOR & 30% average of 6 months deposit rate of 3 banks rated AA- & above
Fund Details Fund Rating Fund Size
As of June 2016 A+(f) by PACRA Over 4,892 millions
13.47%
7.39%
Re
turn
sR
etu
rns
As of June 2016
Annualized Returns (YTD) 11.71%
Benchmark (YTD) 5.92%
Peer Group Average (YTD) 3.54%
Standard Deviation 1.34%
Sharpe Ratio 4.33
10
Placements With Banks, 21.97%
Placements with DFIs, 11.98%
TFCs/Sukuks, 5.07%
PIBs, 20.06%
T-Bills, 1.92%
Commercial Papers, 1.59%
Cash at Bank, 15.99%
Others including receivables
(NR), 21.42%
0%
2%
4%
6%
8%
10%
12%
14%
16%
Au
g-12
Sep
-12
Oct
-12
No
v-1
2D
ec-1
2Ja
n-1
3Fe
b-1
3M
ar-1
3A
pr-
13
May
-13
Jun
-13
Jul-
13
Au
g-13
Sep
-13
Oct
-13
No
v-1
3D
ec-1
3Ja
n-1
4Fe
b-1
4M
ar-1
4A
pr-
14
May
-14
Jun
-14
Jul-
14
Au
g-14
Sep
-14
Oct
-14
No
v-1
4D
ec-1
4Ja
n-1
5Fe
b-1
5M
ar-1
5A
pr-
15
May
-15
Jun
-15
Jul-
15
Au
g-15
Sep
-15
Oct
-15
No
v-1
5D
ec-1
5Ja
n-1
6Fe
b-1
6M
ar-1
6A
pr-
16
May
-16
Jun
-16
Benchmark PIML IF
11.71%12.70%
10.39%
3.7
0%
4.4
0%
5.1
0%
5.4
8%
5.7
4%
5.9
9%
3.5
4%
3.3
7%
13.19%
1.3
9% 3
.21
%
4.3
5% 5.8
2%
5.8
4%
6.8
0%
0%
2%
4%
6%
8%
10%
12%
14%
* YTD MTD 1 Day 15 Days 30 Days 90 Days 180 Days 270 Days 365 Days
PIML IF Industry
www.primusinvestments.comwww.primusinvestments.com
Income Fund’s Performance with its PEER Group Monthly Annualized.
11
PIML IF Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov
2016 10.49% 18.82% 7.88% 5.77% 13.16% 12.70%
2015 47.10% 15.45% 19.60% 22.22% 3.20% -13.74% 14.60% 13.76% 8.71% 12.68% 0.55%
Income (Annualized Return)Fund Name Rating Validity Date NAV * YTD MTD 1 Day 15 Days 30 Days 90 Days 180 Days 270 Days 365 Days
1 UBL Income Opportunity Fund A-(f) 29-Jun-16 109.57 7.50 12.97 18.73 17.38 12.69 11.13 8.77 7.69 7.50
2 PIML Income Fund A+(f) 30-Jun-16 102.94 11.71 12.70 24.84 19.15 12.72 10.38 12.52 11.09 11.71
3 Atlas Income Fund AA-(f) 30-Jun-16 511.25 8.02 10.77 20.88 14.59 10.77 8.12 7.81 7.36 8.02
4 ABL Government Securities Fund A(f) 29-Jun-16 10.04 8.01 11.82 9.82 17.65 11.50 7.41 7.47 6.78 8.01
5 UBL Government Securities Fund A(f) 29-Jun-16 105.40 8.90 9.61 10.05 13.27 9.35 6.97 9.50 7.67 8.90
6 Lakson Income Fund A+(f) 30-Jun-16 101.14 - - 28.10 9.65 8.66 6.48 7.56 7.23 8.57
7 ABL Income Fund A(f) 29-Jun-16 10.01 7.01 8.59 11.67 11.86 8.42 5.97 6.41 6.26 7.01
8 Faysal Financial Sector Opportunity Fund AA-(f) 29-Jun-16 100.92 - - 25.33 17.40 10.78 5.92 6.00 5.65 6.91
9 NAFA Savings Plus Fund AA-(f) 28-Jun-16 10.75 - - 5.10 5.95 5.56 5.66 6.05 5.99 6.31 10 PICIC Income Fund A(f) 30-Jun-16 105.21 7.85 8.34 15.97 11.43 8.34 5.60 8.40 7.70 7.85
11 JS Income Fund A+(f) 29-Jun-16 95.62 6.28 4.11 38.21 5.25 4.34 5.57 6.10 5.91 6.28
12 NAFA Government Securities Savings Fund AA-(f) 29-Jun-16 10.95 - - 3.00 4.52 4.75 5.56 5.83 5.61 6.46
13 NAFA Income Opportunity Fund A(f) 29-Jun-16 11.49 - - 12.39 6.65 5.60 5.55 6.24 6.63 7.41
14 NAFA Financial Sector Income Fund A+(f) 28-Jun-16 11.13 - - (12.13) 4.64 5.09 5.53 5.98 6.01 6.47
15 MCB Pakistan Sovereign Fund A+(f) 29-Jun-16 53.19 7.20 7.43 13.73 9.19 7.18 5.52 6.11 6.09 7.20
16 NAFA Income Fund A(f) 29-Jun-16 10.40 - - 5.62 5.56 5.61 5.22 5.99 6.26 6.85
17 Faysal Savings Growth Fund AA-(f) 29-Jun-16 101.61 - - 7.19 9.81 6.93 5.10 6.19 5.87 7.70
18 NIT − Government Bond Fund AA(f) 30-Jun-16 9.96 5.78 5.78 6.97 6.36 5.78 5.07 5.53 5.33 5.78
19 Pakistan Income Fund A+(f) 29-Jun-16 53.70 6.33 7.84 6.80 11.26 7.80 5.07 5.44 5.07 6.33
20 First Habib Income Fund AA-(f) 30-Jun-16 100.97 6.66 9.29 48.76 13.82 9.29 4.88 5.45 5.23 6.66
21 NIT − Income Fund A+(f) 30-Jun-16 10.30 5.87 5.37 8.86 5.67 5.37 4.87 5.62 5.44 5.87
22 Askari Sovereign Yield Enhancer A+(f) 30-Jun-16 101.37 - - 10.77 6.27 5.31 4.70 7.83 7.80 9.21
23 HBL Income Fund A(f) 30-Jun-16 106.09 - - 3.23 5.61 4.62 4.65 5.44 4.89 6.12 24 MCB DCF Income Fund A+(f) 29-Jun-16 105.98 6.18 5.61 11.20 6.53 5.58 4.64 5.18 5.40 6.18
25 Alfalah GHP Income Fund A+(f) 29-Jun-16 110.72 - - (434.77) (45.91) (20.47) (3.22) 2.59 3.60 5.10
26 Alfalah GHP Sovereign Fund AA-(f) 29-Jun-16 105.79 - - (771.97) (87.98) (41.37) (9.90) (1.31) 0.97 2.90
27 Pak Oman Government Securities Fund AA-(f) 30-Jun-16 10.59 - - 31.04 (123.93) (58.65) (15.08) (0.58) 0.70 2.03
28 Faysal MTS Fund 29-Jun-16 100.07 - - 3.65 8.70 8.60 N/A N/A N/A N/A Ranking: PIML-IF 1 2 6 1 1 2 1 1 1
www.primusinvestments.com
Shariah Compliant Income Fund Category
12
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PIML-Islamic Income Fund
Asset Allocation as of June 2016
Benchmark:6 months deposit rate of three AA and above rated Islamic Banks
Return Vs Benchmark since inception
5.53%
5.87%
Fund Details Fund Rating Fund Size
As of June 2016 A(f) by PACRA Over 276 millions
PIML-IIF Vs Peer Group (AAR) June 2016
Ret
urn
s
As of June 2016
Annualized Returns (YTD) 6.26%
Benchmark (YTD) 4.59%
Peer Group Average (YTD) 2.66%
Standard Deviation 0.84%
Sharpe Ratio 0.43
13
Cash at Bank, 98.15%
Others including receivables (NR), 1.85%
0%
2%
4%
6%
8%
10%
12%
Mar
-14
May
-14
Jun
-14
Jul-
14
Au
g-14
Sep
-14
Oct
-14
No
v-14
Dec
-14
Jan
-15
Feb
-15
Mar
-15
Ap
r-15
May
-15
Jun
-15
Jul-
15
Au
g-15
Sep
-15
Oct
-15
No
v-15
Dec
-15
Jan
-16
Feb
-16
Mar
-16
Ap
r-16
May
-16
Jun
-16
Benchmark PIML IIF
Ret
urn
s
6.2
6%
4.0
4%
3.6
5% 4
.65
%
4.0
4% 4.8
6% 6
.40
%
5.9
5%
6.2
7%
2.6
6%
2.0
9% 2.7
6%
4.7
1%
4.1
7%
4.5
9% 5.4
1%
5.2
6%
5.4
0%
0%
1%
2%
3%
4%
5%
6%
7%
* YTD MTD 1 Day 15 Days 30 Days 90 Days 180 Days 270 Days 365 Days
PIML IIF Industry
www.primusinvestments.comwww.primusinvestments.com
Islamic Income Fund’s Performance with its PEER Group Monthly Annualized.
14
PIML IIF Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2016 9.11% 5.54% 8.89% 5.37% 5.17% 4.04
2015 6.17% 6.16% 6.33% 6.07% 3.01% -2.62% 5.06% 4.47% 11.86% 3.46% 4.95% 5.59%
Shariah Compliant Income (Annualized Return)
Fund Name Rating Validity Date NAV YTD MTD 1 Day 15 Days 30 Days 90 Days 180 Days 270 Days 365 Days
1 NAFA Riba Free Savings Fund A(f) 29-Jun-16 10.72 - - 4.77 4.52 4.35 5.00 5.23 5.31 5.48
2 PIML Islamic Income Fund A(f) 30-Jun-16 100.04 6.26 4.04 3.65 4.65 4.04 4.86 6.40 5.95 6.27
3 Meezan Sovereign Fund AA(f) 30-Jun-16 50.80 - - 14.38 2.78 2.77 4.80 4.07 5.31 N/A
4 Al Ameen Islamic Sovereign Fund AA-(f) 29-Jun-16 101.04 4.31 3.74 2.64 4.17 3.59 4.73 4.42 4.15 4.31
5 Pak Oman Advantage Islamic Income Fund A+(f) 29-Jun-16 53.98 - - 21.58 6.26 5.16 4.66 6.10 4.77 4.41
6 PICIC Islamic Income Fund A(f) 30-Jun-16 100.74 4.82 4.16 7.07 4.76 4.16 4.54 5.12 4.66 4.82
7 ABL Islamic Income Fund A(f) 29-Jun-16 10.02 5.81 4.19 (4.37) 4.94 4.26 4.41 5.33 5.62 5.81
8 Faysal Islamic Savings Growth Fund A(f) 29-Jun-16 101.90 - - 3.58 4.63 3.91 4.40 5.95 5.43 5.49
9 Atlas Islamic Income Fund AA-(f) 30-Jun-16 501.42 4.97 2.68 8.96 2.80 2.68 4.37 4.66 4.74 4.97
10 JS Islamic Government Securities Fund AA-(f) 29-Jun-16 100.35 3.51 2.47 (3.64) 2.89 2.50 4.24 3.73 3.70 3.51
11 NAFA Active Allocation Riba Free Savings Fund 28-Jun-16 10.19 - - 4.30 4.52 3.98 4.14 N/A N/A N/A
12 MCB Islamic Income Fund AA-(f) 29-Jun-16 100.67 5.07 2.76 0.25 2.99 2.99 4.11 4.13 4.89 5.07
13 Meezan Islamic Income Fund A-(f) 30-Jun-16 51.28 - - 7.12 2.29 2.96 3.50 4.35 5.54 5.75
14 Askari Islamic Income Fund A+(f) 30-Jun-16 100.63 - - 4.10 0.26 1.83 3.22 4.14 4.56 5.08
15 Alfalah GHP Islamic Income Fund A+(f) 29-Jun-16 100.61 - - - - - - (3.75) (1.35) 0.11 Ranking: PIML-IF 1 3 9 4 5 2 1 1 1
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Balanced / Equity & Asset Allocation Category
15
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PIML-Strategic Multi Asset Fund
Asset Allocation as of June 2016
Return Vs Benchmark since inception
Benchmark:KSE 100 index, 3 months PKRV and Daily Closing Pakistan Rupee Spot Gold Prices at the Pakistan Merchantile Exchange Limited (PMEX)based on the weighted average exposure of the scheme to equity, debt and gold future contracts during the period under review
50.15%
49.13%
Fund Details Fund Rating Fund Size
As of June 2016 4 Star by PACRA Over 310 millions
PIML-SMAF Vs Peer Group (AR) June 2016
Re
turn
sR
etu
rns
As of June 2016
Annualized Returns (YTD) 6.82%
Benchmark (YTD) 8.59%
Peer Group Average (YTD) 2.34%
Standard Deviation 13.06%
Sharpe Ratio 0.21
16
Equity Securities, 65.45%
PIBs, 8.04%
Cash at Bank, 18.22%
Others including recievables (NR),
8.29%
-10%
0%
10%
20%
30%
40%
50%
60%
Au
g-13
Sep
-13
Oct
-13
No
v-1
3
Dec
-13
Jan
-14
Feb
-14
Mar
-14
Ap
r-1
4
May
-14
Jun
-14
Jul-
14
Au
g-14
Sep
-14
Oct
-14
No
v-1
4
Dec
-14
Jan
-15
Feb
-15
Mar
-15
Ap
r-1
5
May
-15
Jun
-15
Jul-
15
Au
g-15
Sep
-15
Oct
-15
No
v-1
5
Dec
-15
Jan
-16
Feb
-16
Mar
-16
Ap
r-1
6
May
-16
Jun
-16
Benchmark PSMAF
6.8
2%
2.3
6%
1.8
6%
1.4
1%
0.7
7%
3.6
5%
5.7
8%
7.4
5%
6.7
1%
2.3
4%
0.3
4%
-0.1
0%
-1.6
8%
-0.7
9%
4.7
6%
2.9
7%
6.8
9%
5.2
2%
-4%
-2%
0%
2%
4%
6%
8%
* YTD MTD 1 Day 15 Days 30 Days 90 Days 180 Days 270 Days 365 DaysPIML SMAF Industry
www.primusinvestments.comwww.primusinvestments.com
Balanced Fund’s Performance with its PEER Group Monthly Absolutely.
17
PIML SMAF Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2016 0.02% -1.50% 5.14% 1.39% --0.02% 2.36
2015 5.63% -1.03% -6.34% 12.29% -1.69% 3.94% 2.05% -0.07% -4.54% 4.20% -4.37% 2.44%
Balanced (Absolute Return)
Fund Name Rating Validity Date NAV YTD MTD 1 Day 15 Days 30 Days 90 Days 180 Days 270 Days 365 Days
1 NAFA Multi Asset Fund MFR 4-Star 28-Jun-16 16.28 - - 0.53 (0.23) (1.39) 6.72 7.95 7.62 6.99
2 Primus Strategic Multi Asset Fund MFR 3-Star 29-Jun-16 103.16 6.82 2.36 1.86 1.41 0.77 3.65 5.78 7.45 6.71
3 Unit Trust of Pakistan MFR 2-Star 29-Jun-16 154.69 6.65 (0.11) 1.48 (0.81) (0.47) 4.01 2.32 7.00 6.65
4 HBL Multi Asset Fund MFR 1-Star 30-Jun-16 98.05 - - 0.01 (1.35) 3.87 6.52 6.46 6.51 5.90
5 Pakistan Capital Market Fund MFR 4-Star 29-Jun-16 10.68 5.07 1.79 1.62 0.31 1.88 7.62 6.99 8.25 5.07
6 Faysal Balanced Growth Fund MFR 3-Star 29-Jun-16 64.96 - - (4.13) (6.32) (7.82) (1.08) (8.85) 5.05 1.50
Ranking: PSMAF 1 1 1 1 3 5 4 3 2
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PIML-Value Equity Fund
Asset Allocation as of June 2016PIML-VEF vs Peer Group (AR) June 2016
Return Vs Benchmark since inception
Benchmark:KSE 100 Index
14.55%
15.96%
Fund Details Fund Rating Fund Size
As of June 2016 Not Applicable Over 233 million
Re
turn
sR
etu
rns
As of June 2016
Annualized Returns (YTD) 4.99%
Benchmark (YTD) 9.84%
Peer Group Average (YTD) 4.59%
Standard Deviation 14.42%
Sharpe Ratio 0.07
18
Equity Securities, 91.29%
Cash at Bank, 6.14%
Others including recievables (NR), 2.56%
-10%
-5%
0%
5%
10%
15%
20%
Benchmark PIML VEF
4.8
3%
1.9
8%
1.9
7%
1.0
3%
0.6
9%
4.2
3% 5.5
6%
6.4
9%
4.8
3%
4.5
9%
1.2
3%
0.1
4%
-1.4
4% 0
.58
%
7.0
7%
6.3
3% 8
.53
%
5.7
3%
-2%
0%
2%
4%
6%
8%
10%
* YTD MTD 1 Day 15 Days 30 Days 90 Days 180 Days 270 Days 365 Days
PIML VEF Industry
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Equity Fund’s Performance with its PEER Group Monthly Absolutely.
19
PIML VEF Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2016 -0.85% -2.53% 6.63% 2.09% 0.11% 1.98
2015 0.00% 0.00% -8.14% 14.77% -2.66% 6.32% 3.33% -0.73% -6.41% 5.57% -5.85% 2.26%
Equity (Absolute Return)Fund Name Rating Validity Date NAV * YTD MTD 1 Day 15 Days 30 Days 90 Days 180 Days 270 Days 365 Days
1 JS Value Fund MFR 1-Star 29-Jun-16 203.18 12.96 1.80 1.46 1.03 1.02 7.13 6.00 13.72 12.96
2 AKD Opportunity Fund MFR 4-Star 30-Jun-16 80.21 14.13 (0.80) 0.05 (0.92) (0.80) 10.89 4.87 5.54 11.30
3 United Stock Advantage Fund MFR 3-Star 28-Jun-16 62.84 10.54 (0.16) 2.48 (1.10) (1.27) 7.09 4.07 9.88 11.20
4 Lakson Equity Fund MFR 3-Star 30-Jun-16 114.33 - - 0.15 (2.13) 2.72 8.20 12.19 15.04 10.60
5 ABL Stock Fund MFR 4-Star 29-Jun-16 14.65 9.83 2.96 2.17 0.72 2.63 10.05 9.44 11.06 9.83
6 National Investment Unit Trust MFR 3-Star 30-Jun-16 65.15 9.59 5.24 0.84 4.69 5.24 9.98 9.41 15.38 8.61
7 Alfalah GHP Stock Fund MFR 4-Star 29-Jun-16 126.07 - - (3.74) (5.83) (4.65) 1.88 2.24 6.84 8.12
8 NAFA Stock Fund MFR 5-Star 28-Jun-16 13.60 - - 0.07 (1.20) (3.34) 8.02 9.71 9.74 7.64
9 First Capital Mutual Fund MFR 2-Star 30-Jun-16 11.80 6.97 3.37 0.12 (1.20) 3.37 9.07 11.64 10.28 6.97
10 PICIC Stock Fund MFR 2-Star 30-Jun-16 107.23 6.71 (0.44) 0.29 (3.82) (0.44) 5.72 6.35 3.57 5.35
11 MCB Pakistan Stock Market Fund MFR 5-Star 29-Jun-16 86.95 5.08 2.18 2.22 0.45 2.27 10.23 7.60 11.97 5.08
12 Atlas Stock Market Fund MFR 3-Star 30-Jun-16 503.43 5.05 2.47 (0.05) (2.74) 2.47 9.43 11.53 13.06 5.05
13 PIML Value Equity Fund - 29-Jun-16 109.62 4.83 1.98 1.97 1.03 0.69 4.23 5.56 6.49 4.83
14 JS Large Cap Fund MFR 4-Star 29-Jun-16 110.41 4.02 0.78 2.41 0.98 (0.12) 2.81 1.25 N/A 4.02
15 JS Growth Fund MFR 2-Star 29-Jun-16 166.44 3.96 1.14 2.04 0.32 0.54 5.73 3.14 7.67 3.96
16 HBL Stock Fund MFR 2-Star 30-Jun-16 103.68 - - (0.06) (2.09) 2.67 6.31 6.94 5.34 2.59
17 Alfalah GHP Alpha Fund MFR 4-Star 29-Jun-16 67.79 - - (8.32) (10.37) (9.25) (3.03) (2.60) 1.86 2.34
18 First Habib Stock Fund MFR 2-Star 30-Jun-16 104.21 1.26 2.82 (0.07) (2.31) 2.82 7.30 7.84 7.00 1.26
19 PICIC Energy Fund MFR 1-Star 30-Jun-16 12.01 (2.86) 1.96 0.48 (0.24) 1.96 8.12 4.52 3.11 (2.85)
20 Askari Equity Fund MFR 3-Star 30-Jun-16 107.07 - - 0.21 (1.69) 3.09 9.41 4.04 2.39 (5.25)
Ranking: PIML-VEF 10 7 6 2 12 17 12 13 13
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Asset Allocation Fund
20
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PIML-Asset Allocation Fund
Asset Allocation as of June 2016PIML-AAF vs Peer Group (AR) June 2016
Fund Details Fund Rating Fund Size
As of June 2016 Not Applicable Over 1,389 millions
Re
turn
s
As of June 2016
Annualized Returns (YTD) 2.87%
Benchmark (YTD) 1.43%
Peer Group Average (YTD) 1.70%
Standard Deviation 0.45
Sharpe Ratio 4.35%
21
Cash at Bank, 16.04%
Placements With Banks, 27.13%
Placements With DFIs, 13.57%
PIBs, 40.80%
Others including receivables (NR),
2.45%
-1%
-1%
0%
1%
1%
2%
2%
3%
3%
4%
Apr-16 May-16 Jun-16
Benchmark PIML AAF
Re
turn
s
Benchmark:Weighted average of 6 months KIBOR and KSE-100 index as per amount invested in equities and fixed income investments includingcash & cash equivalent respectively.
2.87%
1.43%
2.87%
0.98%
0.24%0.68%
0.98%
1.70%
0.31%
-0.35%
-1.23%
-0.61%
-2%
-1%
-1%
0%
1%
1%
2%
2%
3%
3%
4%
* YTD MTD 1 Day 15 Days 30 Days
PIML AAF Industry
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Asset Allocation Fund’s Performance with its PEER Group Monthly Absolutely.
22
PIML IEF Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2016 - - - - 2.41% 0.98%
2015 - - - - - - - - - - - -
Asset Allocation (Absolute Return)Fund Name Validity Date NAV * YTD MTD 1 Day 15 Days 30 Days 90 Days 180 Days 270 Days 365 Days
1 UBL Asset Allocation Fund 30-Jun-16 123.93 12.16 2.08 0.94 0.73 2.12 5.31 7.35 9.45 12.16 2 Askari Asset Allocation Fund 30-Jun-16 47.84 - - 0.26 (1.11) 1.80 6.00 (0.65) (0.28) (6.25)3 Lakson Tactical Fund 30-Jun-16 102.62 - - 0.05 (0.36) 1.54 1.49 3.54 4.55 6.85 4 PIML Asset Allocation Fund 30-Jun-16 100.80 2.87 0.98 0.24 0.68 0.98 N/A N/A N/A N/A 5 MCB Pakistan Asset Allocation Fund 29-Jun-16 78.94 3.06 0.80 1.19 0.15 0.83 3.30 3.17 3.73 3.06 6 MCB Pakistan Frequent Payout Fund 29-Jun-16 100.20 3.52 0.50 0.04 0.23 0.55 1.70 2.70 N/A N/A 7 Pak Oman Advantage Asset Allocation Fund 29-Jun-16 54.85 - - 2.01 0.99 0.55 3.76 6.32 6.73 7.51 8 Lakson Asset Allocation Emerging Markets Fund 30-Jun-16 102.58 - - 0.05 0.39 0.48 1.01 2.26 2.89 4.42 9 Lakson Asset Allocation Developed Markets Fund 30-Jun-16 113.29 - - 0.34 0.61 0.36 1.31 4.20 7.24 8.00
10 NAFA Asset Allocation Fund 29-Jun-16 15.85 - - 0.62 (1.13) (0.90) 6.65 8.37 7.73 7.21 11 Faysal Asset Allocation Fund 29-Jun-16 68.83 - - 1.18 (2.15) (3.67) 4.88 (4.36) 1.38 (2.49)12 Alfalah GHP Value Fund 29-Jun-16 63.37 - - (10.58) (11.91) (10.38) (4.21) (2.43) 1.93 3.45
Ranking: PIML-AAF 4 2 8 3 4 - - - -
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Shariah Compliant Equity Category
23
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PIML-Islamic Equity Fund
Asset Allocation as of June 2016
Return Vs Benchmark since inception
Benchmark:KMI-30 Index
36.34%
46.80%
Fund Details Fund Rating Fund Size
As of June 2016 3 Star by PACRA Over 255 millions
PIML IEF Vs Peer Group (AR) June 2016
Re
turn
sR
etu
rns
As of June 2016
Annualized Returns (YTD) 0.75%
Benchmark (YTD) 4.51%
Peer Group Average (YTD) 3.10%
Standard Deviation 15.22%
Sharpe Ratio 0.21
24
-10%
0%
10%
20%
30%
40%
50%
Mar-14 Jun-14 Sep-14 Dec-14 Mar-15 Jun-15 Sep-15 Dec-15 Mar-16
Benchmark PIML IEF
Equity Securities, 87.33%
Cash at Bank, 11.01%
Others including recievables (NR),
1.66%
7.0
2%
2.5
8%
1.9
9%
1.3
7%
0.8
8%
4.6
5%
7.0
1% 8
.86
%
7.0
2%
3.7
5%
1.1
3%
0.3
4%
-1.4
0%
1.3
8%
7.7
6%
8.9
1%
10
.66
%
8.5
1%
-4%
-2%
0%
2%
4%
6%
8%
10%
12%
* YTD MTD 1 Day 15 Days 30 Days 90 Days 180 Days 270 Days 365 Days
PIML IEF Industry
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Islamic Equity Fund’s Performance with its PEER Group Monthly Absolutely.
25
PIML IEF Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2016 -0.16% -2.76% 7.28% 1.26% 0.75%
2015 9.28% -0.13% -9.72% 5.88% -1.74% 5.18% 1.87% -0.17% -5.42% 5.26% -6.08% 1.87%
Shariah Compliant Equity (Absolute Return)Fund Name Rating Validity Date NAV * YTD MTD 1 Day 15 Days 30 Days 90 Days 180 Days 270 Days 365 Days
1 Meezan Islamic Fund MFR 2-Star 30-Jun-16 66.21 - - 0.02 (1.44) 4.33 11.03 13.51 18.92 17.40
2 Al Ameen Shariah Stock Fund MFR 4-Star 30-Jun-16 128.63 14.51 3.56 2.40 0.75 3.27 11.34 10.74 12.68 14.51
3 Al Meezan Mutual Fund MFR 2-Star 30-Jun-16 17.99 - - 0.06 (1.36) 4.04 10.58 13.31 17.49 13.86
4 NAFA Islamic Stock Fund - 30-Jun-16 12.25 - - 1.61 (0.89) 0.24 9.08 9.31 13.73 12.46
5 PICIC Islamic Stock Fund MFR 3-Star 30-Jun-16 106.47 10.96 (0.04) 0.28 (2.55) (0.04) 5.03 7.15 4.67 10.96
6 PIML Islamic Equity Fund MFR 4-Star 30-Jun-16 127.36 7.02 2.58 1.99 1.37 0.88 4.65 7.01 8.86 7.02
7 Alfalah GHP Islamic Stock Fund MFR 3-Star 29-Jun-16 63.85 - - (9.38) (11.39) (9.23) (3.32) (0.87) 5.30 6.49
8 JS Islamic Fund MFR 5-Star 30-Jun-16 104.07 - - 0.76 (1.06) 2.33 5.10 9.48 11.76 5.88
9 Atlas Islamic Stock Fund MFR 3-Star 30-Jun-16 472.57 5.73 2.20 (0.18) (3.17) 2.20 8.55 11.25 11.41 5.73
10 ABL Islamic Stock Fund MFR 4-Star 29-Jun-16 13.65 5.56 2.10 2.27 0.15 1.72 8.01 7.20 6.57 5.56
11 NIT Islamic Equity Fund - 30-Jun-16 10.43 5.74 2.74 0.29 2.36 2.74 7.10 8.49 8.71 4.52
12 MCB Pakistan Islamic Stock Fund MFR 3-Star 29-Jun-16 10.65 3.70 2.40 2.60 0.57 2.21 10.82 9.79 10.13 3.70
13 HBL Islamic Stock Fund MFR 1-Star 30-Jun-16 128.01 - - - (2.44) 2.60 6.30 7.60 6.55 1.00
14 Al Ameen Islamic Dedicated Equity Fund - 29-Jun-16 109.02 10.04 4.06 2.45 1.33 3.68 9.80 N/A N/A N/A 15 NAFA Islamic Active Allocation Equity Fund - 28-Jun-16 11.58 - - (0.06) (0.67) (1.51) 9.25 N/A N/A N/A
16 NAFA Islamic Energy Fund - 29-Jun-16 10.98 - - 2.04 (1.16) 2.15 N/A N/A N/A N/A
Ranking: PIML-IEF 4 4 6 2 12 14 12 8 6
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Historical Performance of Pakistan Stock Market
Stock Market Returns
10 Years negative out of 39 years
26
1 Year
5 Years
2 Year
1 Year
1 Year
1 Year
11%
36%
10%
18%
-4%
7%
24%
44%
8%4%
34%
19%18%13%
10%
111%
-12%
82%
-20%
-11%
-4%
5%
-44%
97%
-18%
11%
57%
90%
39%
56%
7%
24%
-62%
79%
29%
-4%
45%
55%
29%
-9%
-80%
-60%
-40%
-20%
0%
20%
40%
60%
80%
100%
120%
Jan
-77
Jan
-78
Jan
-79
Jan
-80
Jan
-81
Jan
-82
Jan
-83
Jan
-84
Jan
-85
Jan
-86
Jan
-87
Jan
-88
Jan
-89
Jan
-90
Jan
-91
Jan
-92
Jan
-93
Jan
-94
Jan
-95
Jan
-96
Jan
-97
Jan
-98
Jan
-99
Jan
-00
Jan
-01
Jan
-02
Jan
-03
Jan
-04
Jan
-05
Jan
-06
Jan
-07
Jan
-08
Jan
-09
Jan
-10
Jan
-11
Jan
-12
Jan
-13
Jan
-14
Jan
-15
Jan
-16
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Future value of Rs. 100
-
100
200
300
400
500
600
700
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
KSE-100 Deposits Inflation DSC
Rs. 652
Rs. 318
Rs. 295
Rs. 203
KSE-100 Deposits Inflation Discount Rate
50.12% 9.11% 17.81% 15.82%
27
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OUR ENTERTAINED CLIENTS
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