Lahore, October 17, 2022 (PPI-OT):Atlas Liquid Fund (or the “Fund”) is a low risk profile Fund. The assigned rating reflects the Fund’s strong credit and interest rate risk profile emanating from its investment strategy. Since Jan’22 the Fund is consecutively comply the very strong credit quality criteria. The Fund had allocated 89.97% in banks, mainly rated AAA whereas ~8.7% in TFC/Sukuks. The duration and the WAM of the Fund stood at 10 days in the end Jun’22 (28 days at end Dec’21) limiting the exposure to low interest rate and credit risk.

The Fund remained compliant with the rating criteria for the assigned ratings. The top 10 investors concentration of the Fund, at Jun’22 was ~99.9% of which 93% was related party holding, keeping very low level of redemption pressure. Going forward, The asset quality of the assigned rating criteria would remain imperative to the rating and the material changes in the Fund’s asset allocation strategy, impacting its credit quality and/or average duration, 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