[PPT] - SAVE, INVEST & ENJOY A wholly owned subsidiary of 1 About PowerPoint Presentation

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SAVE, INVEST & ENJOY

A wholly owned subsidiary of

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www.primusinvestments.com www.primusinvestments.com

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

n 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 31st April 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 .

About PRIMUS

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Awarded by PACRA or JCR-VIS

AM1 (Highest Management Quality)

Rating of Asset Management Companies (AMCs) as of April 2016

AM2 (Very High Investment Management Standards) AMCs Rating Agency MCB-Arif Habib Savings and Investments Limited AM2+ PACRA NBP Fullerton Asset Management Limited AM2+ PACRA Al Meezan Investment Management Limited AM2+ JCR-VIS UBL Fund Managers Limited AM2+ JCR-VIS ABL Asset Management Company Limited AM2 JCR-VIS Atlas Asset Management Limited AM2- PACRA PICIC Asset Management Company Limited AM2- JCR-VIS National Investment Trust Limited AM2 PACRA JS Investments Limited AM2- JCR-VIS HBL Asset Management Limited AM2- JCR-VIS Lakson Investments Limited AM2- PACRA Alfalah GHP Investment Management Limited AM2- PACRA AM3 (Good Management Quality) AMCs Rating Agency Primus Investment Management Limited AM3+ PACRA Askari Investment Management Limited AM3+ JCR-VIS Faysal Asset Management Limited AM3+ JCR-VIS BMA Asset Management Company Limited AM3 PACRA Habib Asset Management Limited AM3 PACRA AKD Investment Management Limited AM3 JCR-VIS AM4 (Adequate Management Quality) AMCs Rating Agency First Capital Investments Limited AM4+ PACRA Pak Oman Asset Management Company Limited AM4+ JCR-VIS

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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

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Investment Philosophy

Short Term (<1 year) Low Risk Money Market Long Term (>5 years) High Growth Equity Medium Term (2-5 years) Moderate Growth

Fixed Income / Asset Allocation Strategy

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.

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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)

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Money Market / Income Category

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PIML-Daily Reserve Fund

Asset Allocation as of April 2016

PIML-DRF Vs Peer Group (AAR) April 2016

Benchmark: 50% 3 months PKRV + 3 months average deposit rate of AA & Above rated Banks

Returns Vs Benchmark since inception Fund Details Fund Rating Fund Size April 2016 AA by PACRA Over 626 millions

9.49% 7.31%

Returns Returns

As of April 2016 Annualized Returns 5.32% Benchmark 5.06% Peer Group Average 5.16% Standard Deviation 0.35% Sharp Ratio 0.03

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6.16% 5.32% 3.49% 5.36% 5.37% 5.44% 5.98% 6.10% 6.33% 5.59% 5.16% 5.23% 5.18% 5.15% 5.12% 5.24% 5.52% 6.27%

0% 1% 2% 3% 4% 5% 6% 7% * YTD MTD 1 Day 15 Days 30 Days 90 Days 180 Days 270 Days 365 Days PIML DRF Industry

Cash 17.38% Placements With Banks 12.43% Placements With Dfis 23.30% Tbills 46.04% Others Including Receivables 0.84%

0% 2% 4% 6% 8% 10% 12% 14% 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 PDRF Benchmark

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Money Market Fund’s Consistency & Outperformance Past 12 months Performance Summary (Month wise)

* approximate MTD return

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Money Market

Past 12 month Performance summary (Month wise) 2016 2015

Top 10 ranking (months) Top 5 ranking (months) Bottom 10 ranking (months)

Name Rating April March February January Decemeber November October September August July June May Atlas Money Market Fund AA+ 6.09% 5.46% 5.41% 5.74% 5.74% 5.26% 6.09% 6.62% 6.12% 6.54% 8.92% 7.06% 11 9 1 PIML Daily Reserve Fund AA+ 5.32% 5.11% 5.82% 5.96% 5.96% 6.72% 5.41% 6.48% 5.82% 6.31% 5.82% 7.77% 10 7 2 NAFA money Market Fund AA 5.83% 6.45% 6.45% 5.74% 5.74% 5.09% 5.70% 6.56% 5.30% 7.60% 11.30% 6.78% 10 7 2 Pakistan Cash Management Fund AAA 5.55% 5.63% 0.00% 5.79% 5.79% 5.29% 6.01% 5.95% 5.79% 6.09% 13.34% 6.81% 10 7 2 PICIC Cash Fund AA 5.37% 5.22% 0.00% 0.00% 0.00% 5.40% 6.49% 6.36% 5.78% 6.39% 24.48% 7.26% 9 5 3 Atlas Sovereign Liquid Fund AA+ 5.86% 5.08% 5.08% 5.50% 5.50% 5.15% 5.80% 6.45% 5.91% 6.64% 14.22% 6.53% 11 5 1 JS Cash Fund AA+ 5.18% 5.54% 5.47% 5.80% 5.80% 4.59% 5.70% 6.20% 5.72% 5.87% 14.10% 6.65% 9 5 3 MCB Cash Management Optimizer AA 4.89% 4.98% 4.94% 5.73% 5.73% 5.29% 6.13% 6.18% 5.80% 5.94% 11.42% 6.83% 10 3 2 ABL Cash Fund AA 4.99% 5.03% 5.13% 5.25% 5.25% 4.93% 5.91% 5.97% 5.46% 5.75% 16.88% 7.15% 7 3 5 Askari Sovereign Cash Fund AAA 5.45% 4.96% 4.89% 11.78% 5.01% 5.04% 5.55% 6.32% 5.57% 7.07% 10.60% 7.21% 9 3 3 Lakson Money Market Fund AA 5.64% 5.27% 5.37% 4.90% 4.90% 4.78% 5.39% 5.65% 5.32% 5.47% 8.94% 6.28% 3 3 9 BMA Empress Cash Fund AA+ 3.84% 3.64% 4.70% 4.01% 4.01% 3.59% 4.57% 5.65% 5.18% 13.93% 6.45% 6.37% 1 1 11 AKD Cash Fund AA+ 5.00% 4.99% 5.05% 5.07% 5.07% 5.02% 5.29% 5.97% 5.58% 6.03% 6.60% 7.31% 7 1 5 HBL Money Market Fund AA 4.28% 0.00% 4.60% 5.47% 5.47% 4.96% 5.48% 5.70% 5.18% 5.62% 14.26% 6.33% 3 1 9 KASB Cash Fund AA 0.00% 0.00% 0.00% 0.00% 0.00% 6.76% 4.63% 5.61% 5.57% 5.78% 4.95% 6.41% 2 1 10 Alfalah GHP cash Fund AAA 4.71% 4.61% 5.03% 5.65% 5.31% 4.66% 5.44% 5.94% 5.55% 5.55% 10.39% 6.46% 4 8 UBL Liquidity Plus Fund AA 4.84% 4.77% 4.80% 5.05% 5.05% 4.82% 5.53% 5.62% 5.16% 5.56% 10.26% 6.86% 1 11 UBL Money Market Fund AA 0.00% 4.34% 4.66% 4.93% 4.93% 4.96% 5.17% 5.40% 5.42% 4.81% 5.32% 7.02% 1 11 First Habib Cash Fund AA 5.03% 4.97% 4.84% 4.97% 4.97% 4.81% 5.66% 5.81% 5.44% 5.62% 6.36% 6.60% 2 10

PDRF Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2016 5.96% 5.82% 5.11% 5.32% 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%

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PIML-Income Fund

Asset Allocation as of April 2016 PIML-IF Vs Peer Group (AAR) April 2016 Return Vs Benchmark since inception

Benchmark: 70% 6 month KIBOR & 30% average of 6 months deposit rate of 3 banks rated AA- & above

Fund Details Fund Rating Fund Size As of April 2016 A+ by PACRA Over 6,097 millions

13.20% 7.52% Returns Returns As of April 2016 Annualized Returns 5.77% Benchmark 5.72% Peer Group Average 2.07% Standard Deviation 1.68% Sharpe Ratio 3.03

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11.19% 5.77%

9.79%
5.43%

6.01% 11.02% 9.80% 10.49% 8.38% 7.01% 2.07%

0.22%
1.21%

2.45% 5.45% 5.45% 6.49% 6.47%

15%
10%
5%

0% 5% 10% 15% * YTD MTD 1 Day 15 Days 30 Days 90 Days 180 Days 270 Days 365 Days PIML IF Industry

Cash 24.85% Placements With Banks 16.59% Tfcs/Sukkuks 3.40% Pibs 48.34% Tbills 3.98%

Commercial Papers 1.27% Others Including Receivables 1.57%

0% 2% 4% 6% 8% 10% 12% 14% 16% 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 Apr-16 PIF Benchmark

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Income Fund’s Consistency & Outperformance Past 12 months Performance Summary (Month wise)

* approximate MTD return

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Income

Past 12 month Performance summary (Month wise) 2016 2015 Top 10 ranking (months) Top 5 ranking (months) Bottom 10 ranking (months) Name Rating April March February January December November October September August July June May

PIML Income Fund A+ 5.77% 7.88% 18.82% 10.49% 10.49% 0.55% 12.68% 8.71% 13.76% 14.60%

13.74%

3.20% 8 8 3 Askari Sovereign Yield Enhancer AA- 1.17% 5.12% 15.28% 11.78% 8.07% 0.33% 14.83% 9.71% 13.50% 13.61%

11.28%

6.41% 7 6 3 NAFA Income Opportunity Fund A- 4.75% 7.41% 6.59% 7.45% 7.45% 5.61% 8.31% 6.67% 7.27% 11.90% 13.00% 8.48% 9 5 2 Lakson Income Fund A+ 2.94% 5.76% 9.79% 6.59% 6.59% 1.56% 11.08% 6.36% 13.19% 15.47% 10.13% 14.46% 8 4 1 UBL Income Opportunity Fund A+ 0.00% 5.09% 6.58% 8.68% 8.68% 3.95% 1.56% 6.36% 8.44% 4.30% 10.64% 1.46% 4 3 6 ABL Government Securities Fund A+

1.27%

5.31% 6.76% 9.77% 4.31% 0.57% 11.80% 8.97% 12.75% 9.39%

7.37%

3.01% 4 3 6 PICIC Income Fund A+ 0.13% 6.15% 13.17% 12.51% 6.52% 0.58% 11.25% 29.20% 7.50% 8.17%

3.58%

5.41% 6 3 3 NAFA Income Fund A- 4.68% 7.45% 6.30% 7.82% 7.82% 5.21% 6.21% 8.09% 7.50% 8.30% 4.31% 8.40% 7 3 1 NAFA Financial Sector Income Fund A+ 5.44% 7.19% 6.07% 7.69% 7.69% 3.86% 6.05% 5.82% 6.49% 7.50% 5.90% 12.20% 7 3 4 Pak Oman Government Securities Fund AA

5.07%

8.94% 22.36% 8.39% 2.33% 1.27% 6.49% 10.74% 5.41% 5.44%

4.02%

5.07% 4 3 8 UBL Government Securities Fund A+ 1.19% 7.31% 10.45% 5.31% 5.31% 1.89% 10.34% 8.71% 12.23% 14.79%

8.55%

3.52% 5 2 3 MCB Pakistan Sovereign Fund AA 0.00% 5.26% 6.35% 4.71% 4.71% 1.71% 12.30% 9.46% 11.01% 9.54% 8.33% 5.72% 5 2 4 Pakistan Income Fund A+ 1.79% 5.06% 5.51% 4.92% 4.92% 0.21% 8.45% 6.71% 13.13% 8.13%

3.47%

9.60% 2 2 7 NAFA Government Securities Savings Fund AA- 5.39% 5.58% 5.48% 5.17% 5.17% 3.04% 6.88% 11.46% 5.88% 10.40% 2.20% 7.32% 5 2 4 NAFA Savings Plus Fund AA- 5.64% 6.53% 6.09% 6.80% 6.80% 4.56% 5.68% 6.39% 5.74% 7.30% 7.10% 6.80% 6 2 4 HBL Income Fund A 0.00% 0.00% 5.89% 6.22% 6.22% 1.96% 7.17% 27.81% 9.54% 8.98% 7.13% 6.80% 4 1 3 First Habib Income Fund AA-

2.00%

5.34% 4.50% 6.19% 6.19%

0.46%

9.66% 9.90% 8.56% 12.02%

6.77%

6.68% 3 1 5 Atlas Income Fund A+ 3.05% 6.04% 7.16% 5.88% 5.88% 1.51% 12.23% 9.35% 9.53% 8.47% 2.15% 5.94% 5 1 1 NIT − Income Fund A+ 2.42% 5.72% 6.45% 5.12% 5.12% 4.10% 5.66% 7.33% 5.57% 7.52%

0.48%

6.86% 3 1 6 MCB DCF Income Fund A+ 1.87% 5.33% 5.57% 4.64% 4.64% 1.71% 10.50% 33.85% 8.17% 8.13% 0.53% 6.31% 2 1 4 JS Income Fund A+ 0.89% 5.70% 0.00% 3.76% 6.58% 5.88% 3.30% 3.69% 5.21% 11.50% 1.75% 2.59% 3 1 6 Alfalah GHP Sovereign Fund AA- 1.95% 5.12% 6.92% 6.38% 6.38% 2.67% 9.32% 8.98% 7.94% 7.82%

3.99%

4.59% 4 4 ABL Income Fund A+ 0.55% 6.28% 5.92% 7.69% 6.48% 2.34% 8.93% 7.68% 8.84% 9.44% 1.26% 5.32% 4 3 NIT − Government Bond Fund AA 1.92% 5.53% 5.57% 4.63% 4.63% 4.02% 5.84% 8.60% 5.17% 6.63% 4.77% 4.77% 2 7

PIML IF Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov 2016 10.49% 18.82% 7.88% 5.77% 2015 47.10% 15.45% 19.60% 22.22% 3.20%

13.74%

14.60% 13.76% 8.71% 12.68% 0.55%

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Shariah Compliant Income Fund Category

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PIML-Islamic Income Fund

Asset Allocation as of April 2016 Benchmark: 6 months deposit rate of three AA and above rated Islamic Banks

Return Vs Benchmark since inception

5.65% 5.92%

Fund Details Fund Rating Fund Size As of April 2016 A by PACRA Over 176 millions PIML-IIF Vs Peer Group (AAR) April 2016

Returns

As of April 2016 Annualized Returns 5.37% Benchmark 4.50% Peer Group Average 4.74% Standard Deviation 0.84% Sharpe Ratio 0.48

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6.54% 5.37% 3.45% 5.07% 5.42% 6.66% 6.71% 6.70% 5.49% 5.54% 4.74% 5.42% 4.99% 4.80% 5.69% 5.62% 5.37% 5.88% 0% 1% 2% 3% 4% 5% 6% 7% 8% * YTD MTD 1 Day 15 Days 30 Days 90 Days 180 Days270 Days365 Days PIML IIF Industry

Cash 76.21% Tfcs/Sukkuks 19.71% Others Including Receivables 4.07%

0% 2% 4% 6% 8% 10% 12% IIF Benchmark

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Islamic Income Fund’s Consistency & Outperformance Past 12 months Performance Summary (Month wise)

* approximate MTD return

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Islamic Income

Past 12 month Performance summary (Month wise) 2016 2015

Top 10 ranking (months) Top 5 ranking (months)

Name Rating April March February January December November October September August July June May Meezan Islamic Income Fund A- 3.78% 7.33% 3.57%

2.00%

9.32% 4.95% 8.79% 5.00% 5.51% 7.66% 6.43% 5.90% 9 7 ABL Islamic Income Fund A+ 4.06% 7.34% 5.65% 5.35% 7.16% 4.30% 6.44% 4.57% 6.11% 7.62% 5.58% 7.60% 12 6 NAFA Riba Free Savings Fund A- 5.24% 5.46% 5.33% 6.01% 6.01% 5.10% 4.70% 5.20% 5.20% 6.80% 7.90% 5.70% 10 6 Faysal Islamic Savings Growth Fund AA- 4.86% 8.15% 4.71% 5.67% 5.67% 7.19% 0.11% 4.85% 4.83% 6.59% 6.96% 6.29% 11 6 PIML Islamic Income Fund A+ 5.37% 8.89% 5.54% 9.11% 5.59% 4.51% 3.46% 11.86% 4.47% 5.06%

2.62%

3.01% 7 6 MCB Islamic Income Fund AA 4.45% 6.09% 5.21% 12.00% 12.00% 1.77% 4.71% 3.76% 5.74% 6.62% 3.32% 7.77% 8 5 Meezan Sovereign Fund AA 4.80% 7.00% 1.13% 1.97% 13.46% 4.33% 4.28% 1.12% 5.36% 6.52% 5.85% 7.05% 8 5 Askari Islamic Income Fund AA- 2.13% 6.31% 4.36% 6.67% 6.67% 4.25% 5.66% 6.58% 6.08% 6.37% 1.76% 6.41% 9 4 Atlas Islamic Income Fund A+ 5.14% 7.16% 4.32% 6.00% 6.00% 3.62% 4.61% 3.88% 6.21% 6.19% 5.47% 7.26% 12 4 PICIC Islamic Income Fund A+ 4.80% 5.17% 6.92% 4.55% 3.19% 2.42% 5.37% 4.05% 5.46% 5.79% 11.53% 6.00% 9 4 JS Islamic Government Securities Fund A+ 4.17% 7.64% 3.59%

1.27%

6.75%

5.64%

5.97%

6.10%
4.33% 2.96%

5.55%

1.15%

5 3 Alfalah GHP Islamic Income Fund AA- 1.83% 7.34% 5.65% 4.46% 4.46% 1.34% 4.93% 4.09% 4.37% 4.48% 4.40% 6.64% 7 2 Pak Oman Advantage Islamic Income Fund AA- 3.97% 10.89% 7.21% 4.16% 1.30% 2.87% 2.08% 4.63% 1.62% 3.39%

0.35%

2.50% 5 2 Al Ameen Islamic Sovereign Fund A+ 4.41% 8.25% 3.66% 0.21% 3.06% 4.02% 4.42% 2.87% 5.11% 5.78% 5.35% 6.08% 8 1 PIML IIF Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2016 9.11% 5.54% 8.89% 5.37% 2015 6.17% 6.16% 6.33% 6.07% 3.01%

2.62%

5.06% 4.47% 11.86% 3.46% 4.95% 5.59%

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Balanced / Equity & Asset Allocation Category

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PIML-Strategic Multi Asset Fund

Asset Allocation as of April 2016 Return Vs Benchmark since inception

Benchmark: KSE 100 index, 3 months PKRV and Daily Closing Pakistan Rupee Spot Gold Prices at the Pakistan Merchantile Exchange Limited (PMEX) based on the weighted average exposure of the scheme to equity, debt and gold future contracts during the period under review 46.72% 40.61%

Fund Details Fund Rating Fund Size As of April 2016 4 Star PACRA Over 325 millions PIML-SMAF Vs Peer Group (AR) April 2016

Returns Returns As of April 2016 Absolute Returns 1.39% Benchmark 3.46% Peer Group Average 2.18% Standard Deviation 13.21% Sharpe Ratio 0.01

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4.38% 1.39%

0.28%
0.24%

1.80% 5.01% 2.89% 1.73% 6.67% 2.96% 2.18%

0.12%

1.04% 3.01% 3.04%

0.60%
0.11%

4.17%

1%

0% 1% 2% 3% 4% 5% 6% 7% 8% * YTD MTD 1 Day 15 Days 30 Days 90 Days 180 Days 270 Days 365 Days PIML SMAF Industry

Cash 9.43% Stocks / Equities 68.01% Pibs 3.84% Tbills 15.12% Others Including Receivables 3.59%

10%

0% 10% 20% 30% 40% 50% PSMAF Benchmark

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Balanced Fund’s Consistency & Outperformance Past 12 months Performance Summary (Month wise)

* approximate MTD return

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Balanced Fund

Past 12 month Performance summary (Month wise) 2016 2015 Top 10 ranking (months) Top 5 ranking (months) Name Ranking April March February January December November October September August July June May

NAFA Multi Asset Fund MFR 4-Star 3.68% 3.99%

1.15%

1.86% 1.86%

3.80%

3.20%

3.70%
1.20%

2.40% 2.90% -1.70% 12 10 Unit Trust of Pakistan MFR 4-Star 2.25% 2.47% 0.00% 0.99% 2.10%

2.36%

5.66%

4.24%
0.90%

2.89% 1.35% -2.10% 12 10 Pakistan Capital Market Fund MFR 2-Star 0.00% 3.41%

1.68%

1.67% 1.67%

3.33%

4.48%

5.37%
0.75%

1.42% 2.40% -0.60% 12 9 Primus Strategic Multi Asset Fund MFR 4-Star 1.39% 5.14%

1.50%

0.02% 2.44%

4.37%

4.20%

4.54%
0.07%

2.05% 3.94% -1.69% 12 9 HBL Multi Asset Fund MFR 1-Star 2.28% 0.00%

2.65%

2.15% 2.15%

4.19%

3.65%

4.98%

0.75% 2.31% 3.28% -2.18% 12 8 Faysal Balanced Growth Fund MFR 3-Star 2.71% 1.91%

4.75%

6.43%

0.68%
3.15%

19.12%

7.18%
2.15%

5.39% 4.04% -1.32% 12 8 PIML SMAF Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2016 0.02% -1.50% 5.14% 1.39% 2015 5.63% -1.03%

6.34%

12.29%

1.69%

3.94% 2.05%

0.07%
4.54%

4.20% -4.37% 2.44%

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PIML-Value Equity Fund

Asset Allocation as of April 2016 PIML-VEF vs Peer Group (AR) April 2016 Return Vs Benchmark since inception

Benchmark: KSE 100 Index 12.02% 6.56%

Fund Details Fund Rating Fund Size As of April 2016 Not Applicable Over 223 million

Returns Returns As of April 2016 Absolute Returns 2.09% Benchmark 4.77% Peer Group Average 3.93% Standard Deviation 15.04% Sharpe Ratio

0.10

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2.68% 2.09%

0.24%

0.41% 2.70% 6.11% 1.30%

1.34%

6.27% 2.77% 3.93% 0.07% 2.25% 4.88% 6.55% 1.53%

1.72%

4.72%

4%
2%

0% 2% 4% 6% 8% * YTD MTD 1 Day 15 Days 30 Days 90 Days 180 Days 270 Days 365 Days PIML VEF Industry

Cash 5% Stocks / Equities 91%

Others Including Receivables 4%

10%
5%

0% 5% 10% 15% PVEF Benchmark

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Equity Fund’s Consistency & Outperformance Past 12 months Performance Summary (Month wise)

* approximate MTD return

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Equity

Past 12 month Performance summary (Month wise) 2016 2015 Top 10 ranking (months) Top 5 ranking (months) Name Rating April March February January December November October September August July June May JS Value Fund

MFR 1-Star 3.44% 5.88%

5.24%

4.21% 4.21%

3.25%

7.55%

5.87%
2.69%

5.69% 2.16%

3.52%

7 6

AKD Opportunity Fund

MFR 4-Star 9.69% 7.10%

5.87%
1.00%
1.00%
5.86%

7.19%

8.75%
0.17% 15.56% 18.76% -0.08%

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Alfalah GHP Alpha Fund

MFR 4-Star 3.79% 5.46%

3.42%

5.50% 5.50%

5.86%

5.66%

6.93%

0.68% 4.51% 4.68%

2.80%

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Alfalah GHP Stock Fund MFR 4-Star

3.85% 5.33%

3.28%

5.41% 5.41%

5.86%

5.56%

6.57%

0.54% 5.06%

2.80%
2.80%

6 4

PICIC Energy Fund

MFR 1-Star 2.55% 2.74% 0.31%

6.07%
1.15%
1.23%

4.10%

5.15%
4.07%

0.91% 0.01%

1.71%

4 4

PICIC Stock Fund

MFR 2-Star 3.61% 6.84%

1.54%
4.86%

0.53%

6.83%

3.21%

4.75%

0.23% 5.41% 4.54%

3.31%

6 4

United Stock Advantage Fund

MFR 3-Star 3.99% 5.40%

5.81%

4.86% 4.86%

3.03%

6.13%

6.12%

0.69% 4.12% 4.61%

3.16%

9 4

National Investment Unit Trust

MFR 3-Star 2.91% 5.01%

3.72%

2.86% 2.86%

3.32%

6.36% 6.59%

0.94%
1.55%

2.08%

2.27%

7 3

MCB Pakistan Stock Market Fund

MFR 5-Star 0.00% 5.38%

3.25%

2.16% 2.16%

4.23%

8.27%

8.80%
2.73%

2.73% 4.08%

1.05%

5 3

JS Large Cap Fund

MFR 4-Star 2.23% 5.42% 0.00%

0.49%

1.03%

5.91%

7.83%

7.28%
3.30%

6.07% 1.18%

3.00%

3 3

JS Growth Fund

MFR 2-Star 3.49% 4.74% 0.00% 3.81% 3.81%

4.82%

6.53%

6.80%
2.40%

3.44% 2.53%

2.67%

6 3

NAFA Stock Fund

MFR 5-Star 5.78% 6.42%

2.14%

3.23% 3.23%

5.80%

5.30%

6.30%
2.00%

3.70% 4.20%

2.40%

10 3

Atlas Stock Market Fund

MFR 3-Star 4.87% 5.82%

1.89%
2.56%

0.61%

5.58%

7.14%

8.07%
5.14%

3.68% 5.26%

4.91%

5 3 PIML Value Equity Fund

2.09% 6.63%
2.53%
0.85%

2.26%

5.85%

5.57%

6.41%
0.73%

3.33% 6.32%

2.66%

6 2

Askari Equity Fund

MFR 3-Star 4.85% 4.30%

5.01%

0.07% 0.07%

4.95%

5.24%

6.53%
4.40%

1.81% 4.94%

3.66%

3 2

First Capital Mutual Fund

MFR 2-Star 4.47% 6.10%

1.27%

2.12% 2.12%

6.65%

5.96%

6.69%
2.78%

4.56% 4.27%

3.20%

8 2

ABL Stock Fund

MFR 4-Star 4.14% 5.79%

1.72%
3.35%

0.28%

4.93%

6.95%

5.22%
2.36%

3.80% 4.09%

3.31%

7 1

First Habib Stock Fund

MFR 2-Star 4.18% 5.37%

1.40%
2.69%

1.11%

5.05%

4.43%

6.14%
3.57%

2.11%

3.25%
3.25%

4 1

HBL Stock Fund

MFR 2-Star 3.33% 0.00%

3.66%

1.11% 1.88%

6.14%

5.03%

7.29%

0.08% 2.67% 3.33%

2.80%

3 1

Lakson Equity Fund

MFR 3-Star 3.53% 7.01%

1.79%
2.36%

0.89%

5.35%

5.83%

6.41%
1.98%

2.97% 4.55%

3.29%

6 1 PIML VEF Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2016

0.85% -2.53%

6.63% 2.09% 2015 0.00% 0.00%

8.14%

14.77%

2.66%

6.32% 3.33%

0.73%
6.41%

5.57%

5.85%

2.26%

SLIDE 20

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Asset Allocation Fund

20

SLIDE 21

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PIML-Asset Allocation Fund

Asset Allocation as of April 2016 PIML-VEF vs Peer Group (AR) April 2016 Fund Details Fund Rating Fund Size As of April 2016 Not Applicable Over 2,014 millions

Returns As of April 2016 Absolute Returns

0.51%

Benchmark 0.43% Peer Group Average 3..03% Standard Deviation 2.99% Sharpe Ratio

0.26

21

Cash at Bank 16.25% Pibs 81.79% Others Including Receivables 1.96%

0.53%
0.51%
0.11%
0.67%

3.03% 1.83%

0.07%

1.44%

1%

0% 1% 2% 3% 4% * YTD MTD 1 Day 15 Days PIML AAF Industry

SLIDE 22

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Shariah Compliant Equity Category

22

SLIDE 23

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PIML-Islamic Equity Fund

Asset Allocation as of April 2016 Return Vs Benchmark since inception

Benchmark: KMI-30 Index 35.31% 40.46%

Fund Details Fund Rating Fund Size As of April 2016 3 Star by PACRA Over 233 millions PIML IEF Vs Peer Group (AR) April 2016

Returns Returns As of April 2016 Absolute Returns 1.26% Benchmark 3.98% Peer Group Average 3.27% Standard Deviation 15.81% Sharpe Ratio

0.04

23

3.55% 1.26%

0.65%
0.42%

1.79% 5.63% 2.27% 0.76% 7.72% 4.49% 3.27%

0.27%

1.42% 4.29% 7.27% 3.55% 0.49% 6.91%

2%

0% 2% 4% 6% 8% 10% * YTD MTD 1 Day 15 Days 30 Days 90 Days 180 Days 270 Days 365 Days PIML IEF Industry

Cash 4.52% Stocks / Equities 91.60% Others Including Receivables 3.88%

10%

0% 10% 20% 30% 40% 50% PIEF Benchmark

SLIDE 24

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Islamic Equity Fund’s Consistency & Outperformance Past 12 months Performance Summary (Month wise)

* approximate MTD return

24

Islamic Equity

Past 12 month Performance summary (Month wise) 2016 2015 Top 10 ranking (months) Top 5 ranking (months) Name Rating April March February January December November October September August July June May Al Ameen Shariah Stock Fund MFR 4-Star 4.25% 7.48%

2.18%

4.91% 4.91%

4.87%

4.91%

5.91%
0.83%

3.63% 6.18%

3.10%

9 7 JS Islamic Fund MFR 5-Star 2.37% 7.66%

5.22%

4.56% 4.56%

5.65%

5.98%

6.10%
4.32%

2.96% 5.55%

1.15%

7 6 PICIC Islamic Stock Fund

1.95%

7.60%

2.20%
3.51%

3.87%

6.09%

2.12% 1.58% 1.63% 6.16% 4.32%

1.70%

6 6 NAFA Islamic Stock Fund MFR 3-Star 4.44% 7.01%

2.85%

5.27% 5.27%

5.92%

5.69% 1.69%

1.31%

3.60% 4.60%

1.70%

9 5 Meezan Islamic Fund MFR 2-Star 7.27% 7.34%

2.68%
2.00%

4.00%

4.55%

6.57%

5.62%
1.91%

7.66%

2.52%
3.00%

7 4 Al Meezan Mutual Fund MFR 2-Star 4.16% 8.31%

2.68%
2.00%

3.00%

4.93%

6.47%

5.45%
2.19%

4.00%

2.87%
3.00%

6 4 Atlas Islamic Stock Fund MFR 3-Star 3.54% 6.95%

2.39%

3.93% 3.93%

6.03%

5.53%

6.45%
4.58%

3.31% 5.26%

3.51%

6 1 HBL Islamic Stock Fund MFR 1-Star 2.96% 0.00%

5.23%

2.80% 2.80%

6.40%

5.06% 1.25%

1.36%

1.30% 4.35%

2.70%

4 1

PIML Islamic Equity Fund MFR 3-Star 1.26% 7.28%

2.76%
0.16%

1.87%

6.08%

5.26%

5.42%
0.17%

1.87% 5.18%

1.74%

4 1 ABL Islamic Stock Fund MFR 4-Star 2.78% 5.65%

2.18%
2.74%

1.38%

5.39%

5.15%

4.56%
2.33%

3.39% 3.93%

2.80%

3 1 PIML IEF Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2016

0.16%
2.76%

7.28% 4.25% 2015 9.28%

0.13%
9.72%

5.88%

1.74%

5.18% 1.87%

0.17%
5.42%

5.26%

6.08%

1.87%

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Historical Performance of Pakistan Stock Market

Stock Market Returns 10 Years negative out of 39 years 25

1 Year 5 Years 2 Year

1 Year

1 Year 1 Year

11% 36% 10% 18%

4%

7% 24% 44% 8% 4% 34% 19%18% 13%10% 111%

12%

82%

20%
11%
4%

5%

44%

97%

18%

11% 57% 90% 39% 56% 7% 24%

62%

79% 29%

4%

45% 55% 29%

9%
80%
60%
40%
20%

0% 20% 40% 60% 80% 100% 120% Jan-77 Jan-78 Jan-79 Jan-80 Jan-81 Jan-82 Jan-83 Jan-84 Jan-85 Jan-86 Jan-87 Jan-88 Jan-89 Jan-90 Jan-91 Jan-92 Jan-93 Jan-94 Jan-95 Jan-96 Jan-97 Jan-98 Jan-99 Jan-00 Jan-01 Jan-02 Jan-03 Jan-04 Jan-05 Jan-06 Jan-07 Jan-08 Jan-09 Jan-10 Jan-11 Jan-12 Jan-13 Jan-14 Jan-15 Jan-16

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Future value of Rs. 100

100

200 300 400 500 600 700 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 KSE-100 Deposits Inflation DSC

Rs. 652
Rs. 318
Rs. 295
Rs. 203

KSE-100 Deposits Inflation Discount Rate 50.12% 9.11% 17.81% 15.82%

26

SLIDE 27

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OUR ENTERTAINED CLIENTS

www.primusinvestments.com

SLIDE 28

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28

HEAD OFFICE 3rd Floor | Horizon Vista | Commercial - 10 | Block-4 | Scheme No.5 | Clifton | Karachi | Pakistan | Phone: (+92-21) 35361372 | Fax : (+92-21) 35370873 LAHORE OFFICE 1st Floor l Commercial Plaza 852- D l Faisal Town l Akbar Chowk l Lahore l Pakistan Phone: (+92-42) 35221632-4 l Fax: (+92-42) 35221635 ISLAMABAD OFFICE Office No. 1l Executive Business Centre (Ground Floor) l Saudi Pak Tower l Jinnah Avenue l Islamabad l Pakistan Phone: (+92-51) 2800397-8 l Ext: 3107

YOU CAN CONTACT US

Ahmed Ateeq Chief Executive Officer Cell No. 0321-2010331

Direct. (+921)-35290005

Board 37130165 Ext 201 ceo@primusinvestments.com Rida Jiwani Chief Strategy Officer

Direct. (+921)-35877091

Board 37130165 Ext 223 rida.jiwani@primusinvestments.com Shafiq Ur Rehman Bhatti Head of Sales and Distribution – South Cell No. 0321-8968076

Board. 37130165 Ext. 226

shafiq@primusinvestments.com Armaghan Qureshi Regional Manager - North Cell No. 0331-5264516 Phone # (+92-51) 32800397-8 armaghan.qureshi@primusinvestments.com Reema Shakeel Regional Head - Central Phone # (+92-42) 35221632 reema.shakeel@primusinvestments.com