Lahore, August 16, 2023 (PPI-OT): During 5-year 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 two funds among the universe of twelve funds. The category average showed a return of ~1.38%. While top performing fund in 5-Year of the category showed a return of ~28.6%. NBP Islamic Sarmaya Izafa Fund ranked 4 Star. Total return of NBP Islamic Sarmaya Izafa Fund in 5-year is ~9%. The year 2020 was a year of severe distress due to Covid which impacted the stock market significantly with negative returns of -0.4%.

Resultantly, the year also impacted the Fund's return which is also evident from 3-Years cumulative returns. In the end Jun'23, Fund's generate income by investing ~74.4% in Equities, ~18.3% in cash whereas ~3.3% in Sukuks. The Fund always managed to handle the redemption pressure by retaining enough liquidity in the form of cash. Sector wise Fund invested ~23% in Oil and Gas Exploration Companies, ~12.5% in Cement, ~8.1% in Fertilizers. Whereas ~7.2% in Power Generation and Distribution, ~6.1% in Technology and Communication and ~17.5% in others at the end Jun'23.

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