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%.

Golden Arrow Stock Fund (the “Fund”) ranked 4-Star. Total return of Golden Arrow Stock Fund in 1-year is ~12.9%. In the end Dec’22, the Fund generated income by investing ~3.4% in Debt and Money Market Securities and to generate capital appreciation invested ~95.8% in Equity and Equity related securities. Sector wise Fund invest ~18.0% in power generation and distribution, ~15.6% in technology and communication, ~14.4% in Textile Spinning, ~11.3% in investment banks/investment companies, ~6.8% in refinery and remaining ~33.9% 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