Press Release

Date: 10-Feb-23

PACRA Assigns Star Ranking to NBP Islamic Stock Fund
1-Year

Rating Details Rating Type Star Ranking
Fund Category Islamic Equity Fund
Total Fund In Category 21
Performance Period 1-Year
Dissemination Date Current (10-Feb-23) Previous (10-Aug-22)
Ranking 3-Star 3-Star

Rating Rationale

During CY22 the KMI-30 index benchmark declined by -4.76% due to political turbulence, heightened economic risks arising from devastating floods, elevated inflation, slowing economic growth, PKR devaluation, and declining foreign exchange reserves. PACRA-ranked funds comprise three funds among the universe of twenty one funds. The category average showed a negative return of -11.94%. While the top-performing fund in the category showed a return of 1.83%. NBP Islamic Stock Fund ranked 3-Star. Total return of NBP Islamic Stock Equity Fund in 1-year is ~-14.5%. In the end Dec’22, Fund’s generate income by investing ~1.7% in Debt & Money Market securities and to generate capital appreciation by investing ~96.7% in equity and equity related securities. Sector wise Fund invest in Oil & Gas Exploration ~29%, Cement ~15.2% and ~28.7% in others whereas ~8.6% in Fertilizer.


Regulatory Disclosures Analyst Applicable Criteria Related Research
Madiha Sohail
madiha.sohail@pacra.com
+92-42-35869504
www.pacra.com

Assessment Framework | Performance Ranking | Jun-22

Sector Study | Mutual Funds | Performance | Feb-22

Disclaimer This press release is being transmitted for the sole purpose of dissemination through print/electronic media. The press release may be used in full or in part without changing the meaning or context thereof with due credit to PACRA. The primary function of PACRA is to evaluate the capacity and willingness of an entity to honor its obligations. Our ratings reflect an independent, professional and impartial assessment of the risks associated with a particular instrument or an entity. PACRA opinion is not a recommendation to purchase, sell or hold a security, in as much as it does not comment on the security's market price or suitability for a particular investor.
Press Release

Date: 10-Feb-23

PACRA Assigns Star Ranking to NBP Islamic Stock Fund
3-Year

Rating Details Rating Type Star Ranking
Fund Category Islamic Equity Fund
Total Fund In Category 21
Performance Period 3-Year
Dissemination Date Current (10-Feb-23) Previous (10-Aug-22)
Ranking 3-Star 3-Star

Rating Rationale

During 3-year the KMI-30 index benchmark declined by 3.4% due to heightened economic risks arising from dreadful Coronavirus pandemic, Strict lockdowns, elevated inflation, slowing economic growth, PKR devaluation, political turbulence and declining foreign exchange reserves. PACRA-ranked funds comprise three funds among the universe of twenty one funds. The category average showed a negative return of -19.84%. While the top-performing fund in the category showed a return of 8.6%. NBP Islamic Stock Fund ranked 3-Star. Total return of NBP Islamic Stock Fund in 3-year is ~-4.23%. In the end Dec’22, Fund’s generate income by investing ~1.7% in Debt & Money Market securities and to generate capital appreciation by investing ~96.7% in equity and equity related securities. Sector wise Fund invest in Oil & Gas Exploration ~29%, Cement ~15.2% and ~28.7% in others whereas ~8.6% in Fertilizer.


Regulatory Disclosures Analyst Applicable Criteria Related Research
Madiha Sohail
madiha.sohail@pacra.com
+92-42-35869504
www.pacra.com

Assessment Framework | Performance Ranking | Jun-22

Sector Study | Mutual Funds | Performance | Feb-22

Disclaimer This press release is being transmitted for the sole purpose of dissemination through print/electronic media. The press release may be used in full or in part without changing the meaning or context thereof with due credit to PACRA. The primary function of PACRA is to evaluate the capacity and willingness of an entity to honor its obligations. Our ratings reflect an independent, professional and impartial assessment of the risks associated with a particular instrument or an entity. PACRA opinion is not a recommendation to purchase, sell or hold a security, in as much as it does not comment on the security's market price or suitability for a particular investor.
Press Release

Date: 10-Feb-23

PACRA Assigns Star Ranking to NBP Islamic Stock Fund
5-Year

Rating Details Rating Type Star Ranking
Fund Category Islamic Equity Fund
Total Fund In Category 21
Performance Period 5-Year
Dissemination Date Current (10-Feb-23) Previous (10-Aug-22)
Ranking 4-Star 4-Star

Rating Rationale

During 5 year the KMI-30 index benchmark declined by -0.5% due to drastic economy downfall after CY18, heightened economic risks arising from dreadful Coronavirus pandemic, Strict lockdowns, elevated inflation, slowing economic growth, PKR devaluation, political turbulence and declining foreign exchange reserves. PACRA-ranked funds comprise three funds among the universe of twenty one funds. The category average showed a negative return of -22.64%. While the top-performing fund in the category showed a return of -1.57%. NBP Islamic Stock Fund ranked 4-Star. Total return of NBP Islamic Stock Fund in 5-year is -5.7%. In the end Dec’22, Fund’s generate income by investing ~1.7% in Debt & Money Market securities and to generate capital appreciation by investing ~96.7% in equity and equity related securities. Sector wise Fund invest in Oil & Gas Exploration ~29%, Cement ~15.2% and ~28.7% in others whereas ~8.6% in Fertilizer.


Regulatory Disclosures Analyst Applicable Criteria Related Research
Madiha Sohail
madiha.sohail@pacra.com
+92-42-35869504
www.pacra.com

Assessment Framework | Performance Ranking | Jun-22

Sector Study | Mutual Funds | Performance | Feb-22

Disclaimer This press release is being transmitted for the sole purpose of dissemination through print/electronic media. The press release may be used in full or in part without changing the meaning or context thereof with due credit to PACRA. The primary function of PACRA is to evaluate the capacity and willingness of an entity to honor its obligations. Our ratings reflect an independent, professional and impartial assessment of the risks associated with a particular instrument or an entity. PACRA opinion is not a recommendation to purchase, sell or hold a security, in as much as it does not comment on the security's market price or suitability for a particular investor.