Lahore, October 04, 2021 (PPI-OT): JS Cash Fund (or the “Fund”) is a low risk profile fund. The investment policy holds that the minimum requirements of the Fund entails that majority of the Fund must be invested in highly liquid and short duration assets. At the end of Jun’21, the total cash balances consisted of 90.77% of the fund’s total assets with investments in banks rated ‘AA’ or above. Moreover, 8.84% of the Fund’s assets were invested in Commercial Paper ranked ‘AA’.

Considerable holding in cash and bank balances strengthen the liquidity profile of the Fund. The duration remained at an average of 5 days which minimizes the exposure to interest rate risk (At end Jun’21). The top 10 investors possess a concentration of 62.11% in the Fund’s total assets. Going forward, material changes in the Fund’s 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