SAVE, INVEST & ENJOY A wholly owned subsidiary of 1
About PRIMUS Primus Investment Management Limited is a wholly subsidiary of Pak Brunei which came in place as a joint venture between Government of Pakistan and Brunei Investment Agency (BIA). Primus primary goal is social and financial development in the society. To achieve the purpose of safeguarding the future and development of the society. PRIMUS Investment Management Limited (PIML) is a public, unlisted Non- Banking Finance Company, the company is a 100% subsidiary of Pak Brunei Investment Company and was granted license by the SECP to undertake Asset Management & Investment Advisory Services on December 23, 2011. Managing total assets of over PKR 7 billion in 6 open-end funds. 4 Conventional and 2 Shariah Compliant Funds, year end closing as of 31 st March 2016. Our PIML Daily Reserve Fund and PIML Income Fund are best performance funds in their respective category. Awarded 3 Star rating in Islamic Equity Fund and 4 Star rating for PIML Strategic Multi Asset Fund by PACRA . 2 www.primusinvestments.com www.primusinvestments.com
Rating of Asset Management Companies (AMCs) as of March 2016 Awarded by PACRA or JCR-VIS AM1 (Highest Management Quality) AM2 (Very High Investment Management Standards) AM3 (Good Management Quality) AMCs Rating Agency AMCs Rating Agency MCB-Arif Habib Savings and Investments Limited AM2+ PACRA Faysal Asset Management Limited AM3+ JCR-VIS NBP Fullerton Asset Management Limited AM2+ PACRA Askari Investment Management Limited AM3+ JCR-VIS Al Meezan Investment Management Limited AM2+ JCR-VIS BMA Asset Management Company Limited AM3 PACRA UBL Fund Managers Limited AM2+ JCR-VIS Habib Asset Management Limited AM3 PACRA ABL Asset Management Company Limited AM2 JCR-VIS Primus Investment Management Limited AM3 PACRA Atlas Asset Management Limited AM2- PACRA AKD Investment Management Limited AM3 JCR-VIS PICIC Asset Management Company Limited AM2- JCR-VIS National Investment Trust Limited AM2 PACRA AM4 (Adequate Management Quality) JS Investments Limited AM2- JCR-VIS AMCs Rating Agency HBL Asset Management Limited AM2- JCR-VIS First Capital Investments Limited AM4+ PACRA Lakson Investments Limited AM2- PACRA Pak Oman Asset Management Company Limited AM4+ JCR-VIS Alfalah GHP Investment Management Limited AM2- PACRA 3 www.primusinvestments.com www.primusinvestments.com
Board of Directors & Management Board of Directors Mr. Khalid Aziz Mirza Chairman MBA Ms. Ayesha Aziz Director MBA & CFA Mr.Mokhzani Izhar Bin Haji Abu Bakar Director BA (Hons) in Accounting & Financial Management Mr. Zafar Iqbal Sobani Director CA Mr. Ahmed Ateeq Director MBA Management Team Mr. Ahmed Ateeq Chief Executive Officer MBA Ms. Rida Jiwani Chief Strategy Officer B.Sc Management Mr. M. Samir Malik Chief Investment Officer B.Sc (Honors) in Account & Finance & CFA Ms. Rahaila Aleem Chief Financial Officer CA Mr. Asif Iqbal Head of Risk & Compliance Bachelors in Accounts & Finance Mr. Muhammad Babar Din Unit Head Finance & Operations B.Com & CMA (PK) Finalist Mr. Shafiq ur Rehman Bhatti Head – Sales & Distribution South M.Sc & MBA Muhammad Saeed Khalid Research Analyst MA Economics 4 www.primusinvestments.com
Investment Philosophy • To create value for investors by offering innovative investment solutions to cater to varying investment needs – keeping in line with investors’ risk profile. • We recommend the most suitable asset class based on the investment horizon and need assessment of an Investor. Short Term Long Term (<1 year) (>5 years) Money Low Risk High Growth Equity Market Medium Term (2-5 years) Fixed Income / Moderate Asset Allocation Growth Strategy 5 www.primusinvestments.com www.primusinvestments.com
Our Funds PIML is currently managing the following funds: Conventional Funds PIML – Income Fund (Fixed Income, Long Term, Low Risk) PIML – Daily Reserve Fund (Fixed Income, Short term, Low Risk ) PIML – Strategic Multi Asset Fund (Equity, Fixed Income, Long Term, Medium Risk) PIML – Value Equity Fund (Equity, Long term, High Risk PIML – Asset Allocation Fund Sha'riah Compliant Funds PIML – Islamic Income Fund (Fixed Income, Long Term, Low Risk) PIML – Islamic Equity Fund (Equity, Long Term, High Risk) 6 www.primusinvestments.com www.primusinvestments.com
Money Market / Income Category 7 www.primusinvestments.com
PIML-Daily Reserve Fund Fund Details Fund Rating Fund Size March 2016 AA by PACRA Over 1,668 millions Asset Allocation as of March 2016 PIML-DRF Vs Peer Group (AAR) March 2016 7.01% 7.26% Others including 6.51% 8% Placements 6.22% 6.21% 6.00% receivables (NR) 5.81% With Banks 5.61% 5.54% 7% 5.33% 5.26% 0.25% 5.11% 4.94% 5.04% 5.01% 4.75% 4.92% 4.71% 6% 4.30% Returns 5% 4% 3% T-Bills 34.94% 2% 1% 0% Cash at Bank * YTD MTD 1 Day 15 Days 30 Days 90 Days 180 Days 270 Days 365 Days 60.06% PIML DRF Industry Returns Vs Benchmark since inception 14% 12% As of March 2016 9.55% 10% Returns Annualized Returns 5.11% 8% 7.36% 6% Benchmark 5.27% 4% 2% Peer Group Average 4.30% 0% Jan-13 Mar-13 May-13 Jul-13 Sep-13 Nov-13 Jan-14 Mar-14 May-14 Jul-14 Sep-14 Nov-14 Jan-15 Mar-15 May-15 Jul-15 Sep-15 Nov-15 Jan-16 Mar-16 Standard Deviation 0.60% Sharp Ratio 0.12 PDRF Benchmark Benchmark: 8 50% 3 months PKRV + 3 months average deposit rate of AA & Above rated Banks www.primusinvestments.com www.primusinvestments.com
Income Fund’s Consistency & Outperformance Past 12 months Performance Summary (Month wise) Money Market Past 12 month Performance summary Bottom 10 ranking 2016 2015 Top 10 ranking (Month wise) Top 5 ranking (months) (months) (months) September November December February January October August March June April July May Name Rating PIML Daily Reserve Fund AA 5.11% 5.82% 5.96% 5.96% 6.72% 5.41% 6.48% 5.82% 6.31% 5.82% 7.77% 15.78% 10 9 2 PICIC Cash Fund AA 5.22% 0.00% 5.40% 6.49% 6.36% 5.78% 6.39% 24.48% 7.26% 8.45% 11 8 1 Atlas Money Market Fund AA+ 5.46% 5.41% 5.74% 5.74% 5.26% 6.09% 6.62% 6.12% 6.54% 8.92% 7.06% 7.98% 10 7 2 NAFA money Market Fund AA 6.45% 6.45% 5.74% 5.74% 5.09% 5.70% 6.56% 5.30% 7.60% 11.30% 6.78% 7.96% 10 6 2 Pakistan Cash Management Fund AAA 5.63% 0.00% 5.79% 5.79% 5.29% 6.01% 5.95% 5.79% 6.09% 13.34% 6.81% 5.88% 9 5 3 MCB Cash Management Optimizer AA 4.98% 4.94% 5.73% 5.73% 5.29% 6.13% 6.18% 5.80% 5.94% 11.42% 6.83% 7.65% 11 4 1 Atlas Sovereign Liquid Fund AA+ 5.08% 5.08% 5.50% 5.50% 5.15% 5.80% 6.45% 5.91% 6.64% 14.22% 6.53% 7.54% 9 4 3 JS Cash Fund AA+ 5.54% 5.47% 5.80% 5.80% 4.59% 5.70% 6.20% 5.72% 5.87% 14.10% 6.65% 7.85% 8 4 4 ABL Cash Fund AA 5.03% 5.13% 5.25% 5.25% 4.93% 5.91% 5.97% 5.46% 5.75% 16.88% 7.15% 7.40% 7 3 5 Askari Sovereign Cash Fund AAA 4.96% 4.89% 11.78% 5.01% 5.04% 5.55% 6.32% 5.57% 7.07% 10.60% 7.21% 7.36% 8 3 4 BMA Empress Cash Fund AA+ 3.64% 4.70% 4.01% 4.01% 3.59% 4.57% 5.65% 5.18% 13.93% 6.45% 6.37% 8.94% 2 2 10 AKD Cash Fund AA+ 4.99% 5.05% 5.07% 5.07% 5.02% 5.29% 5.97% 5.58% 6.03% 6.60% 7.31% 7.43% 7 2 5 Alfalah GHP cash Fund AAA 4.61% 5.03% 5.65% 5.31% 4.66% 5.44% 5.94% 5.55% 5.55% 10.39% 6.46% 8.24% 6 2 6 HBL Money Market Fund AA 0.00% 4.60% 5.47% 5.47% 4.96% 5.48% 5.70% 5.18% 5.62% 14.26% 6.33% 8.06% 4 2 8 Lakson Money Market Fund AA 5.27% 5.37% 4.90% 4.90% 4.78% 5.39% 5.65% 5.32% 5.47% 8.94% 6.28% 7.79% 3 1 9 UBL Liquidity Plus Fund AA 4.77% 4.80% 5.05% 5.05% 4.82% 5.53% 5.62% 5.16% 5.56% 10.26% 6.86% 7.76% 2 0 10 UBL Money Market Fund AA 4.34% 4.66% 4.93% 4.93% 4.96% 5.17% 5.40% 5.42% 4.81% 5.32% 7.02% 7.55% 1 0 11 KASB Cash Fund AA 0.00% 0.00% 6.76% 4.63% 5.61% 5.57% 5.78% 4.95% 6.41% 6.73% 2 1 10 First Habib Cash Fund AA 4.97% 4.84% 4.97% 4.97% 4.81% 5.66% 5.81% 5.44% 5.62% 6.36% 6.60% 7.78% 2 0 10 * approximate MTD return PDRF Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2016 5.96% 5.82% 5.11% 9 2015 10.22% 8.26% 8.18% 15.78% 7.77% 5.82% 6.31% 5.82% 6.48% 5.41% 6.72% 5.96% www.primusinvestments.com www.primusinvestments.com
PIML-Income Fund Fund Details Fund Rating Fund Size As of March 2016 A+ by PACRA Over 6,212 millions PIML-IF Vs Peer Group (AAR) March 2016 Asset Allocation as of March 2016 Placements Commercial 11.70% 13.12% 13.94% 10.96% 11.65% With Banks 15% Paper 9.88% 12.55% 0.62% 8.12% 7.88% 7.70% 7.66% 7.37% 7.37% 7.21% 7.08% 6.43% 6.23% 10% TFCs/Sukuks 5.65% 5.07% 1.67% Returns 5% Total PIBs 50.00% 0% 26.54% * YTD MTD 1 Day 15 Days 30 Days 90 Days 180 Days 270 Days 365 Days PIML IF Industry T-Bills 0.75% Others including Cash at Bank receivables (NR) Return Vs Benchmark since inception 13.30% 16% 7.10% 0.76% 14% 12% As of March 2016 10% Returns Annualized Returns 7.88% 8% 6% 7.61% Benchmark 5.78% 4% 2% Peer Group Average 5.07% 0% Aug-12 Oct-12 Dec-12 Feb-13 Apr-13 Jun-13 Aug-13 Oct-13 Dec-13 Feb-14 Apr-14 Jun-14 Aug-14 Oct-14 Dec-14 Feb-15 Apr-15 Jun-15 Aug-15 Oct-15 Dec-15 Feb-16 Standard Deviation 1.68% Sharpe Ratio 3.67 PIF Benchmark Benchmark: 10 70% 6 month KIBOR & 30% average of 6 months deposit rate of 3 banks rated AA- & above www.primusinvestments.com www.primusinvestments.com
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