Lahore, February 14, 2023 (PPI-OT):During CY22 the KMI-30 index benchmark declined by -4.76% due to political turbulence, heightened economic risks arising from devastating floods, elevated inflation, slowing economic growth, PKR devaluation, and declining foreign exchange reserves. PACRA-ranked funds comprise two funds among the universe of twelve funds.

The category average showed a negative return of -1.05%. While the top-performing fund in the category showed a return of 12.89%. Faysal Islamic Asset Allocation Fund ranked 5-Star. The total return of Faysal Islamic Asset Allocation Fund in 1-year is ~11.9%. At the end of Dec’22, Fund generate income by investing ~22.3% in Debt and Money Market securities and generate capital appreciation by investing ~63.7% in Sukuk. The credit quality of the fund at the end of Dec’22 was ~18.2% in AA, ~33.1% in AA+ and ~6.3% in AA-rated securities.

For more information, contact:
Analyst,
The Pakistan Credit Rating Agency Limited (PACRA)
Awami Complex, FB1, Usman Block New Garden Town,
Lahore, Pakistan
Tel: +92-42-5869504-6
Fax: +92-42-5830425
Email: hammad.rashid@pacra.com
Website: www.pacra.com