Lahore, March 07, 2022 (PPI-OT):The rating of AKD Aggressive Income Fund (or the “Fund”) reflects the fund’s moderate risk profile. At end Dec’21, ~18% of the assets were invested in Sukuks/TFCs having rating of A+ and above whereas, 8% was in TFCs having rating of BBB+. Spread Transactions were 13% of the assets, ~9% were in Commercial Papers, ~7% in Government Securities and ~22 were Cash in banks. The WAM of the fund is 426 days and the duration is 49 days. The top 10 investors’ concentration of the Fund, at Dec’21 was ~88%.

The improved rating is based on Fund’s allocation strategy. Material changes in the Fund’s asset allocation strategy, impacting its credit quality and/or exposure to interest rate risk, would affect its rating. While overall credit quality and duration of the Fund would remain imperative.

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