During FY23 the KSE-100 and KSE-30 index declined by -7.39% and -0.21% whereas KMI-30 improved by ~2.88%. The overall market declined due to numerous economic challenges, delays in the resumption of the IMF programmed, a growing fiscal deficit, soaring inflation, and increase in the policy rate. PACRA ranked funds comprise of two funds among the universe of thirteen funds. The category average showed a positive return of ~6.71%. While top performing fund in the category showed a return of ~22.16%. NBP Sarmaya Izafa Fund ranked 3 Star. Total return of NBP Sarmaya Izafa Fund in 1-year is ~2.63% which performed significantly well from stock market negative return of -7.39%. In the end Jun'23, Fund's generate income by investing ~70.8% in Equities, ~19.7% in cash whereas ~5.9% in TFC/Sukuk. The Fund always managed to handle the redemption pressure by retaining enough liquidity in the form of cash. Sector wise Fund invested ~14% in Oil & Gas Exploration Companies, ~7.5% in Cement, ~8.2% in Fertilizers. Whereas ~4.6% in Power Generation & Distribution, ~18.8% in Commercial Banks and ~17.3% in others at the end Jun'23

During 3-year the overall market declined due to numerous economic challenges, delays in the resumption of the IMF programmed, a growing fiscal deficit, soaring inflation, and increase in the policy rate. PACRA ranked funds comprise of two funds among the universe of thirteen funds. The category average showed a return of ~20.3%. While top performing fund in 3-Year of the category showed a return of ~52.5%. NBP Sarmaya Izafa Fund ranked 3 Star. Total return of NBP Sarmaya Izafa Fund in 3-year is ~12.5% which performed well from the stock market negative return of -1.52%. In the end Jun'23, Fund's generate income by investing ~70.8% in Equities, ~19.7% in cash whereas ~5.9% in TFC/Sukuk. The Fund always managed to handle the redemption pressure by retaining enough liquidity in the form of cash. Sector wise Fund invested ~14% in Oil & Gas Exploration Companies, ~7.5% in Cement, ~8.2% in Fertilizers. Whereas ~4.6% in Power Generation & Distribution, ~18.8% in Commercial Banks and ~17.3% in others at the end Jun'23.

During 5-year the overall market declined due to numerous economic challenges, delays in the resumption of the IMF programmed, a growing fiscal deficit, soaring inflation, and increase in the policy rate. PACRA ranked funds comprise of two funds among the universe of thirteen funds. The category average showed a return of ~13.4%. While top performing fund in 5-Year of the category showed a return of ~42%. NBP Sarmaya Izafa Fund ranked 3 Star. Total return of NBP Sarmaya Izafa Fund in 5-year is ~11.2%. The year 2020 was a year of severe distress due to Covid which impacted the stock market significantly with negative returns of -28.8%. Resultantly, the year also impacted the Fund's return which is also evident from 3-Years cumulative returns. In the end Jun'23, Fund's generate income by investing ~70.8% in Equities, ~19.7% in cash whereas ~5.9% in TFC/Sukuk. The Fund always managed to handle the redemption pressure by retaining enough liquidity in the form of cash. Sector wise Fund invested ~14% in Oil & Gas Exploration Companies, ~7.5% in Cement, ~8.2% in Fertilizers. Whereas ~4.6% in Power Generation & Distribution, ~18.8% in Commercial Banks and ~17.3% in others at the end Jun'23.