Karachi: The Pakistan Credit Rating Agency Limited (PACRA) has maintained its stability rating for the MCB DCF Fixed Return Fund II, which continues to be classified under a moderate risk profile. The Fund aims to deliver a fixed return to its unit holders by investing predominantly in fixed income securities.

As of December 2024, the Fund's Assets Under Management (AUM) were reported at PKR 6,082 million. The portfolio's asset allocation was heavily weighted towards sovereign exposure, with approximately 99.66% of its assets invested in Treasury Bills. A smaller portion of the portfolio, 0.26%, was allocated to placements with banks, and 0.06% was invested in other instruments.

In terms of credit quality, the Fund's exposure remained concentrated in high-grade instruments, with the majority of assets—99.66%—invested in government-rated securities. Additionally, 0.28% of the assets were in AAA-rated securities, while a minimal 0.06% was allocated to other instruments.

The Weighted Average Maturity (WAM) of the Fund was recorded at 1,137 days as of the end of December 2024, consistent with its fixed-term investment strategy. With a predominant exposure to GoP-rated Shariah-compliant instruments, the Fund's credit risk profile is considered conservative.

PACRA stated that any significant changes in the investment policy or non-compliance with the rating criteria could impact the Fund's rating in the future.