Karachi: The Pakistan Credit Rating Agency Limited (PACRA) has maintained the stability rating of the NBP Income Opportunity Fund, a medium risk profile fund with a focus on capital preservation and reasonable returns. The fund primarily invests in money market and debt securities with good credit ratings and liquidity. As of December 2025, the fund's assets under management (AUM) reached approximately PKR 11,632 million, up from PKR 8,843 million in June 2025, indicating growth in fund size while adhering to its investment strategy.

According to PACRA, the fund's asset allocation includes approximately 38.20% in bank deposits, 19.90% in spread transactions, 17.40% in Treasury Bills, 10.60% in Pakistan Investment Bonds, and 7.20% in Term Finance Certificates/Sukuk. The remaining 3.70% is placed with banks and other instruments, demonstrating a diversified strategy focusing on liquidity, sovereign exposure, and yield-enhancing instruments. The credit quality of the portfolio is diversified, with 28.00% in Government Securities, 19.90% in spread transactions, 15.20% in AAA rated avenues, 14.30% in A+ rated instruments, and 7.30% in A1 rated avenues.

The fund's duration is 79 days, signifying low to moderate interest rate sensitivity, while the weighted average maturity stands at 123 days, reflecting a balanced maturity profile. The unit holding pattern is moderately concentrated, with the top 10 investors holding 55.34% of the units. The fund reported a 12-month trailing return of 16.10% as of December 2025, outperforming its benchmark return of 11.10%. Future changes in investment policy or rating criteria could impact the fund's ratings.