Press Release

Date: 10-Feb-23

PACRA Assigns Star Ranking of Faysal Islamic Asset Allocation Fund
1-Year

Rating Details Rating Type Star Ranking
Fund Category Islamic Asset Allocation
Total Fund In Category 21
Performance Period 1-Year
Dissemination Date Current (10-Feb-23) Previous (10-Aug-22)
Ranking 5-Star 5-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 two funds among the universe of twelve funds. The category average showed a negative return of -1.05%. While the top-performing fund in the category showed a return of 12.89%. Faysal Islamic Asset Allocation Fund ranked 5-Star. The total return of Faysal Islamic Asset Allocation Fund in 1-year is ~11.9%. At the end of Dec’22, Fund generate income by investing ~22.3% in Debt & Money Market securities and generate capital appreciation by investing ~63.7% in Sukuk. The credit quality of the fund at the end of Dec’22 was ~18.2% in AA, ~33.1% in AA+ and ~6.3% in AA-rated securities.


Regulatory Disclosures Analyst Applicable Criteria Related Research
Muhammad Atif Chaudhry
Atif.Chaudhry@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 of Faysal Islamic Asset Allocation Fund
3-Year

Rating Details Rating Type Star Ranking
Fund Category Islamic Asset Allocation
Total Fund In Category 21
Performance Period 3-Year
Dissemination Date Current (10-Feb-23) Previous (10-Aug-22)
Ranking 5-Star 5-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, includes the eleven Funds. Faysal Islamic Asset Allocation Fund ranked 5-Star. The total return of Faysal Islamic Asset Allocation Fund in 3-years is ~26.3%. At the end of Dec’22, Fund generate income by investing ~22.3% in Debt & Money Market securities and generate capital appreciation by investing ~63.7% in Sukuk. The fund invests ~11.5% in Government Securities. The credit quality of the fund at the end of Dec’22 was ~18.2% in AA, ~33.1% in AA+ and ~6.3% in AA-rated securities.


Regulatory Disclosures Analyst Applicable Criteria Related Research
Muhammad Atif Chaudhry
Atif.Chaudhry@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 of Faysal Islamic Asset Allocation Fund
5-Year

Rating Details Rating Type Star Ranking
Fund Category Islamic Asset Allocation
Total Fund In Category 21
Performance Period 5-Year
Dissemination Date Current (10-Feb-23) Previous (10-Aug-22)
Ranking 4-Star 3-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, includes the eight Funds. Faysal Islamic Asset Allocation Fund ranked 4-Star. The total return of Faysal Islamic Asset Allocation Fund in 5-year is ~ 12.27%. At the end of Dec’22, Fund generate income by investing ~22.3% in Debt & Money Market securities and generate capital appreciation by investing ~63.7% in Sukuk. The fund invests ~11.5% in Government Securities. The credit quality of the fund at the end of Dec’22 was ~18.2% in AA, ~33.1% in AA+ and ~6.3% in AA-rated securities.


Regulatory Disclosures Analyst Applicable Criteria Related Research
Muhammad Atif Chaudhry
Atif.Chaudhry@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.