Lahore, August 16, 2023 (PPI-OT): During FY23 the KSE-100 and KSE-30 index declined by -7.39% and -0.21% whereas KMI-30 improved by ~2.88%. The overall market declined due to numerous economic challenges, delays in the resumption of the IMF programmed, a growing fiscal deficit, soaring inflation, and increase in the policy rate. PACRA ranked funds comprise of four funds among the universe of twenty-eight funds.

The category average showed a negative return of -4.96%. While top performing fund in the category showed a return of ~8.17%. Golden Arrow Stock Fund ranked 3 Star. Total return of Golden Arrow Stock Fund in 1-year is -10.37% against the stock market negative return -0.21%. In the end Jun’23, Fund’s generate income by investing ~87.05% in equities whereas ~3.74% in cash. Sector wise Fund invested ~14.31% in Textile Spinning, ~14.24% in Investment Banks, ~9% in Tech and Com, ~6.58% in Refinery whereas, ~6.37% in Power Generation and Distribution and ~49.5% 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: [email protected]

Website: www.pacra.com