Lahore, The Pakistan Credit Rating Agency Limited (PACRA) has opted to maintain the stability rating of the Atlas Income Fund ("AIF" or the "Fund"), highlighting the fund's moderate risk profile. With an investment objective centered on securing competitive returns alongside capital preservation, the Fund channels investments into quality corporate debt tools, bank deposits, and government securities. The current rating stands as a testament to the Fund's moderate credit and interest rate risk emerging from its established investment approach. By the close of June 2023, the Fund's allocations included ~65.5% in T Bills, ~17.44% in PIBs, ~13.8% in TFC/Sukuk, and ~0.92% in Cash, with the remainder dispersed among other investments.

However, a notable WAM of 578 days by June's end indicates a pronounced credit risk, while the Fund's duration stretching to 78 days further underscores the same. Nevertheless, the Fund's commitment to long-term government papers renders this credit risk manageable. Consistent adherence to the rating criteria was observed, although a concentrated unit holding pattern indicated high redemption pressure with about ~95.59% held by the top ten investors. Notably, alterations to the Fund's asset allocation strategy that impact its credit quality or average duration could subsequently influence its rating. This information was sourced from the Pakistan Credit Rating Agency Limited.