PACRA Maintains Stability Rating of Alfalah GHP Cash Fund

Alfalah GHP Cash Fund ("AGCF" or "the Fund") is classified under a low risk profile. The objective of AGCF is to provide regular stream of income at comparative rate of return while preserving capital to extent possible by investing in assets with low risk and high degree of liquidity from a portfolio constituted of mostly money market securities and placements. As of June 2025, the Fund reported Assets Under Management (AUM) of PKR 35.72 billion, reflecting its established presence in Pakistan's money market sector. In terms of asset class, 54.12% of net assets were allocated as cash placements while remaining 44.87% in Treasury Bills. The Fund demonstrates exceptional credit quality with 99.15% of assets in Government Securities and AAA-rated instruments, representing one of the purest sovereign-focused portfolios in its peer group. This near-risk-free allocation provides substantial protection against credit default while maintaining optimal liquidity characteristics. With a Weighted Average Maturity (WAM) of 29 days as of June 2025, the Fund exhibits minimal exposure to interest rate risk. This ultra-short duration profile ranks among the most conservative in the money market category, providing strong insulation against monetary policy fluctuations.
Going forward, any material changes in the investment policy and/or compliance with the rating criteria for the assigned rating would have an impact on the ratings.

About the Entity
Alfalah Asset Management Limited (Formerly: Alfalah GHP Investment Management Limited) was incorporated on October 18, 2004 as an unlisted public limited company and is licensed by the Securities and Exchange Commission of Pakistan to manage open-ended mutual funds and offer investment advisory services. The Company was established as joint venture Non-Banking Finance Company by Bank Alfalah Limited and GHP Arbitrium. The Company provides a wide range of mutual funds and pension funds both in conventional and Shariah compliant category. The Company also provides investment advisory services to HNW individuals and corporate clients. The Company’s board of directors comprises eight members including the Chairman (Mr. Atif Aslam Bajwa) and the Chief Executive Officer (Mr. Khaldoon Bin Latif). The board is dominated by representatives of MAB Investments and Bank Alfalah Limited. The board has two independent and five non-executive directors. The board members possess strong profile and skills suited to the financial services industry. Assets under management of the Company stood at ~PKR 291bln at end Jun'25.