Lahore, October 17, 2022 (PPI-OT):Faysal Money Market Fund (or the “Fund”) reflects the Fund’s low-risk profile. At the end of Jun’22, the Fund had allocated ~70% as cash placements in banks mainly in AAA-rated banks, ~22% of assets were invested in corporate TFCs/sukuks having a rating AA and ~5% were invested in commercial paper. The overall, credit quality of the Fund remained strong during FY22 and remained compliant with assigned rating criteria.

At the end of Jun’22 WAM and duration of the Fund remained at 26 days, limiting the exposure to interest rate risk and credit risk. The unit holding pattern of the Fund was moderately concentrated where ~52% 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