Lahore, February 14, 2023 (PPI-OT):During CY22 the KSE-100 index (the benchmark) declined by 9.4% 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 five funds among the universe of twenty-eight funds. While the category average showed a negative return of -16.5%, the top-performing fund in the category showed a return of -5.44%.

AKD Opportunity Fund (the “Fund”) ranked 3 Star. Total return of AKD Opportunity Fund in 1-year is -15.7%. In the end Dec’22, the Fund generated income by investing ~0.64% in Debt and Money Market Securities and to generate capital appreciation invested ~98.64% in Equity and Equity related securities. Sector wise the Fund invested ~22.31% in power generation and distribution, ~18.26% in investment banks/investment companies, ~15.55% in Textile Spinning, ~11.26% in food and personal care products, ~9.74% in insurance and remaining ~22.88% in others.

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