Lahore, October 20, 2021 (PPI-OT):Faysal Income and Growth Fund (or the “Fund”) reflects the fund’s moderate risk profile. The Fund has allocated ~57% of total assets as cash placements in a single bank having rating of A+, ~18% of assets were placed in TFC/sukuks having rating ‘A’ and above, ~13% in PIBs and ~9% in commercial papers.

The duration of the Fund remained 34 days, at Jun’21. The top 10 average investor concentration at end Jun’21 was ~92% of which ~31% are related parties, keeping the redemption pressure to a moderate level. Going forward, the Fund intends to take some exposure in PIBs and increase its exposure in TFC’s/Sukuks. Material changes in the funds asset allocation strategy, impacting its credit quality and/or exposure to interest rate risk, would affect the rating.

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