Karachi: The Pakistan Credit Rating Agency Limited (PACRA) announced that it has maintained the stability rating of the AL Habib Income Fund (AHIF), recognizing its low-risk investment strategy. The fund aims to deliver competitive risk-adjusted returns by investing in a diversified array of debt instruments, including long, medium, and short-term securities, while prioritizing liquidity.

The fund's portfolio, as of the end of December 2024, consisted of approximately 48% in Pakistan Investment Bonds (PIBs), 45.9% in Treasury Bills (T-Bills), and smaller allocations in other financial instruments. A significant portion of its investments, 94%, are in AAA-rated instruments, reflecting its focus on credit quality.

The fund's weighted average maturity was 302 days, with a duration of 137 days, indicating limited exposure to interest rate fluctuations. The credit risk is considered moderate yet manageable, predominantly due to its investments in government securities.

The unit holding pattern of the fund shows a 49% concentration among its top 10 investors, with redemption risks offset by related-party investments.

PACRA indicated that any significant changes in the fund's investment policy or rating criteria could impact future ratings.