Karachi: The Pakistan Credit Rating Agency Limited (PACRA) has affirmed the stability rating of the AKD Aggressive Income Fund (AKDAIF), maintaining its medium risk profile. The fund, which aims to provide investors with a diversified portfolio of fixed income securities and consistent returns, showed an increase in its Assets Under Management (AUM) to approximately PKR 1.27 billion as of June 2026, up from PKR 1.17 billion in December 2025.

According to PACRA, the fund's asset allocation includes investments of 36.11% in cash, 18.21% in treasury bills, and 14.43% in Pakistan Investment Bonds (PIBs), among other financial instruments. The portfolio's diversification extends to cash, sovereign, and corporate fixed-income instruments, with minimal exposure to equities. The credit quality of the fund's assets includes 33% in government securities and 36% in A-rated avenues, indicating moderate credit risk.

The fund's weighted average maturity stood at 229 days with a duration of 172 days, reflecting its exposure to longer-tenor instruments. Notably, the fund's unit holding pattern is highly concentrated, with the top 10 investors holding approximately 98.97% of total assets, highlighting potential redemption pressures. The AKDAIF delivered an annualized return of 39.70% as of June 2026, significantly outperforming its benchmark return of 12.26% and the peer average return of 12.63%. Future changes in investment policy or compliance with rating criteria could impact the assigned rating.