Lahore, October 17, 2022 (PPI-OT):Faysal Financial Sector Opportunity Fund (or the “Fund”) reflects the Fund’s moderate risk profile. At the end of Jun’22, the Fund had allocated ~99% as cash placements in banks having rating AA- and higher avenues and remaining invested in TFC/Sukuks. The overall, credit quality of the Fund remained strong during FY22 and remained compliant with assigned rating criteria. At the end of Jun’22.

The WAM and duration of the Fund are at 07 and 02 days respectively, limiting the exposure to interest rate risk and credit risk. The unit holding pattern of the Fund was highly concentrated where ~67% were represented by the top 10 investors. 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