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

SAVE, INVEST & ENJOY

A wholly owned subsidiary of

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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 9 billion in 7 open-end funds. 4 Conventional and 2 Shariah Compliant Funds, year end closing as of 31st May 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 May 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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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

• Mr. Hamza Saboor

Chief Financial Officer ACA

• 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

• Ms. Rabia Bukhari

Research Analyst CFA 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 PIML – Daily Reserve Fund PIML – Strategic Multi Asset Fund PIML – Value Equity Fund PIML – Asset Allocation Fund Sha'riah Compliant Funds PIML – Islamic Income Fund PIML – Islamic Equity Fund

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Money Market / Income Category

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PIML-Daily Reserve Fund

Asset Allocation as of May 2016

PIML-DRF Vs Peer Group (AAR) May 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 May 2016 AA(f) by PACRA Over 619 millions

9.43% 7.24%

Returns Returns

As of May 2016 Annualized Returns 5.45% Benchmark 5.12% Peer Group Average 5.30% Standard Deviation 0.29% Sharp Ratio 0.71

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Cash 29.10% Placements With Dfis 23.56% Tbills 46.54% Others Including Receivables 0.80%

0% 2% 4% 6% 8% 10% 12% 14% Benchmark PIML DRF 6.12% 5.45% 3.47% 5.80% 5.45% 5.32% 5.75% 6.03% 6.13% 5.62% 5.30% 4.67% 5.70% 5.31% 5.21% 5.34% 5.53% 6.23% 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

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Money Market Fund’s Performance with its PEER Group Monthly Annualized.

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PDRF Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2016 5.96% 5.82% 5.11% 5.32% 5.45% 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% Money Market (Annualized Return) Fund Name Rating Validity Date NAV * YTD MTD 1 Day 15 Days 30 Days 90 Days 180 Days 270 Days 365 Days

1 ABL Cash Fund AA(f) 1-Jun-16 10.54 5.61 5.23 4.50 5.55 5.23 5.09 5.33 5.55 6.62 2 AKD Cash Fund AA+(f) 31-May-16 52.65 5.50 5.44 4.71 5.51 5.44 5.17 5.24 5.35 5.62 3 Alfalah GHP Cash Fund AA(f) 31-May-16 525.18 5.25 4.89 4.17 5.25 4.89 4.75 4.98 5.16 5.75 4 Alfalah GHP Money Market Fund AA(f) 31-May-16 105.91 5.48 5.18 4.58 5.69 5.18 5.00 5.24 5.37 5.91 5 Askari Sovereign Cash Fund AA+(f) 1-Jun-16 106.01 5.60 5.54 9.37 5.82 5.57 5.35 5.17 5.37 6.29 6 Atlas Money Market Fund AA(f) 31-May-16 531.86 6.08 5.71 5.02 6.20 5.71 5.75 5.75 5.94 6.35 7 Atlas Sovereign Liquid Fund AA(f) 31-May-16 105.41 5.81 5.40 4.78 5.88 5.40 5.44 5.44 5.63 6.57 9 Faysal Money Market Fund AA+(f) 1-Jun-16 106.28 5.59 5.65 3.43 6.43 5.75 5.30 5.47 5.56 5.97 10 First Habib Cash Fund AA(f) 31-May-16 105.67 5.36 4.95 3.52 5.07 4.95 5.00 5.02 5.26 5.54 11 HBL Money Market Fund AA(f) 31-May-16 105.92 5.08 4.89 4.17 5.36 4.89 4.52 4.66 5.00 5.93 12 JS Cash Fund AA+(f) 1-Jun-16 107.80 5.76 5.46 6.77 5.43 5.56 5.45 5.59 5.69 6.51 13 Lakson Money Market Fund AA(f) 1-Jun-16 105.35 5.56 5.55 5.09 5.69 5.54 5.51 5.52 5.55 5.87 14 MCB Cash Management Optimizer AA(f) 1-Jun-16 105.36 5.69 5.28 4.54 6.15 5.32 5.06 5.28 5.60 6.18 15 NAFA Government Securities Liquid Fund AAA(f) 31-May-16 10.68 5.72 5.71 5.47 5.96 5.71 5.67 5.77 5.71 5.88 16 NAFA Money Market Fund AA(f) 31-May-16 10.39 6.27 5.90 5.97 5.96 5.90 6.09 6.24 6.16 6.74 17 NIT Government Treasury Fund 1-Jun-16 10.19 5.23 5.06 4.30 5.41 5.06 5.15 N/A N/A N/A 18 Pakistan Cash Management Fund AAA(f) 1-Jun-16 52.86 5.84 5.47 5.11 5.73 5.32 5.51 5.63 5.78 6.54 19 PICIC Cash Fund AA(f) 1-Jun-16 105.82 5.95 5.49 4.62 5.84 5.50 5.39 5.55 5.87 7.59 20 PIML Daily Reserve Fund AA(f) 31-May-16 105.09 6.12 5.45 3.47 5.80 5.45 5.32 5.75 6.03 6.13 21 UBL Liquidity Plus Fund AA(f) 1-Jun-16 105.37 5.30 5.15 5.06 5.74 5.23 4.96 5.03 5.23 5.68 22 UBL Money Market Fund AA(f) 1-Jun-16 108.13 8.41 37.21 1,054.96 75.90 40.48 16.55 10.85 9.12 8.18

Ranking: PIML-DRF

3 11 20 10 10 11 4 3 11

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PIML-Income Fund

Asset Allocation as of May 2016 PIML-IF Vs Peer Group (AAR) May 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 May 2016 A+(f) by PACRA Over 6,551 millions

13.35% 7.45% Returns Returns As of May 2016 Annualized Returns 13.16% Benchmark 5.68% Peer Group Average 7.46% Standard Deviation 1.51% Sharpe Ratio 3.71

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Cash, 26.66% Placements With Banks, 16.67% Placements With DFI's, 9.09% Tfcs/Sukkuks, 3.17% PIBs, 39.85% Tbills, 1.45% Commercial Papers, 1.20% Others Including Receivables, 1.91%

0% 2% 4% 6% 8% 10% 12% 14% 16% Benchmark PIML IF 11.49% 13.16% 20.61% 13.16% 8.98% 11.66% 10.65% 9.54% 7.09% 7.46% 9.46% 7.46% 5.16% 6.22% 6.34% 6.66% 0% 5% 10% 15% 20% 25% * YTD MTD 15 Days 30 Days 90 Days 180 Days 270 Days 365 Days PIML IF Industry

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Income Fund’s Performance with its PEER Group Monthly Annualized.

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PIML IF Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov 2016 10.49% 18.82% 7.88% 5.77% 13.16% 2015 47.10% 15.45% 19.60% 22.22% 3.20%

• 13.74%

14.60% 13.76% 8.71% 12.68% 0.55% Income (Annualized Return) Fund Name Rating Validity Date NAV * YTD MTD 1 Day 15 Days 30 Days 90 Days 180 Days 270 Days 365 Days

1 ABL Government Securities Fund A(f) 31-May-16 10.74 7.61 11.18 2.04 16.29 11.18 5.21 6.32 6.53 6.53 2 ABL Income Fund A(f) 31-May-16 10.66 6.83 8.44 3.43 12.12 8.44 5.06 6.05 6.13 6.48 3 Alfalah GHP Income Fund A+(f) 31-May-16 112.62 7.50 8.42 1.88 11.81 8.42 5.64 7.04 6.68 6.58 4 Alfalah GHP Sovereign Fund AA-(f) 31-May-16 109.52 7.09 9.61 2.03 14.23 9.61 5.62 6.58 6.79 6.21 5 Askari Sovereign Yield Enhancer A+(f) 31-May-16 110.40 9.52 7.38 3.24 9.77 7.38 4.45 7.83 8.44 7.84 6 Atlas Income Fund AA-(f) 31-May-16 546.44 7.71 10.27 3.55 14.48 10.27 6.58 6.96 7.24 7.34 7 Faysal Financial Sector Opportunity Fund AA-(f) 31-May-16 106.23 6.50 4.64 3.44 4.13 4.64 4.67 5.11 5.50 5.34 8 Faysal MTS Fund 31-May-16 100.64 4.33 4.32 7.26 5.57 4.32 N/A N/A N/A N/A 9 Faysal Savings Growth Fund AA-(f) 31-May-16 108.80 7.71 5.48 3.36 5.83 5.48 5.02 5.81 6.12 6.94 10 First Habib Income Fund AA-(f) 31-May-16 107.19 6.38 7.48 1.87 8.95 7.48 3.67 4.90 5.30 5.41 11 HBL Income Fund A(f) 31-May-16 110.93 6.23 6.72 4.25 7.59 6.72 4.87 5.09 5.35 6.36 12 JS Income Fund A+(f) 31-May-16 99.80 6.45 11.08 10.98 12.75 11.08 6.10 6.54 6.04 6.03 13 Lakson Income Fund A+(f) 31-May-16 108.77 8.50 7.95 3.42 11.27 7.95 5.59 7.14 6.98 8.89 14 MCB DCF Income Fund. A+(f) 31-May-16 111.63 6.20 6.22 4.77 8.41 6.22 4.50 4.96 5.59 5.79 15 MCB Pakistan Sovereign Fund ( A+(f) 31-May-16 56.60 7.14 7.71 9.93 7.71 4.71 5.60 6.38 7.48 16 NAFA Financial Sector Income Fund A+(f) 31-May-16 11.09 6.47 5.57 6.58 5.10 5.57 6.10 6.38 6.28 6.45 17 NAFA Government Securities Savings Fund AA-(f) 31-May-16 10.91 6.58 6.42 5.02 7.47 6.42 5.82 5.89 6.14 6.25 18 NAFA Income Fund A(f) 31-May-16 10.35 6.93 5.31 6.00 5.77 5.31 5.85 6.42 6.61 6.74 19 NAFA Income Opportunity Fund A(f) 31-May-16 11.44 7.53 6.18 5.75 5.74 6.18 6.11 6.55 7.05 8.06 20 NAFA Savings Plus Fund AA-(f) 31-May-16 10.70 6.29 5.67 5.46 5.79 5.67 5.97 6.28 6.18 6.39 21 NIT − Government Bond Fund AA(f) 31-May-16 10.66 5.76 7.94 1.03 10.89 7.94 5.21 5.34 5.67 5.19 22 NIT − Income Fund A+(f) 31-May-16 11.01 5.89 7.33 0.33 9.21 7.33 5.20 5.61 5.67 5.43 23 Pak Oman Government Securities Fund AA-(f) 31-May-16 11.13 7.83 19.92 (3.28) 35.74 19.92 8.26 10.08 8.39 6.84 24 Pakistan Income Fund A+(f) 31-May-16 56.45 6.16 5.48 6.47 6.92 5.48 4.14 4.89 4.99 5.42 25 PICIC Income Fund A(f) 31-May-16 110.32 7.75 9.01 3.54 11.43 9.01 5.03 8.13 7.66 6.87 26 PIML Income Fund A+(f) 31-May-16 113.11 11.49 13.16 20.61 13.16 8.98 11.66 10.65 9.54 27 UBL Government Securities Fund A(f) 31-May-16 115.65 8.77 9.73 1.86 16.06 9.73 6.16 7.66 7.62 7.43 28 UBL Income Opportunity Fund (UIOF) A-(f) 31-May-16 115.38 6.96 16.42 4.33 26.33 16.42 8.55 8.49 7.03 7.28

Ranking: PIML-IF

1 3 26 3 3 1 1 1 1

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Shariah Compliant Income Fund Category

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PIML-Islamic Income Fund

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

Return Vs Benchmark since inception

5.61% 5.92%

Fund Details Fund Rating Fund Size As of May 2016 A(f) by PACRA Over 217 millions PIML-IIF Vs Peer Group (AAR) May 2016

Returns

Returns

As of May 2016 Annualized Returns 5.17% Benchmark 4.43% Peer Group Average 4.87% Standard Deviation 0.84% Sharpe Ratio 0.91

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Cash, 88.19% Tfcs/Sukkuks, 8.97% Others Including Receivables, 2.85%

0% 2% 4% 6% 8% 10% 12% Mar-14 Aug-14 Jan-15 Jul-15 Dec-15 May-16 Benchmark PIML IIF 6.44% 5.17% 6.86% 5.27% 5.17% 6.55% 6.68% 6.82% 5.69% 5.50% 4.87% 5.88% 4.49% 4.87% 5.42% 5.65% 5.32% 5.74% 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 IIF Industry

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Islamic Income Fund’s Performance with its PEER Group Monthly Annualized.

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PIML IIF Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2016 9.11% 5.54% 8.89% 5.37% 5.17% 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%

Shariah Compliant Income (Annualized Return) Fund Name Rating Validity Date NAV YTD MTD 1 Day 15 Days 30 Days 90 Days 180 Days 270 Days 365 Days

1 ABL Islamic Income Fund A(f) 31-May-16 10.58 5.93 4.88 6.21 3.83 4.88 5.48 5.82 5.66 5.93 2 Al Ameen Islamic Sovereign Fund AA-(f) 31-May-16 104.73 4.35 5.88 (0.66) 6.36 5.88 6.33 4.30 4.10 4.43 3 Alfalah GHP Islamic Income Fund A+(f) 31-May-16 104.74 4.58 4.41 4.81 4.26 4.41 4.61 5.12 4.57 4.59 4 Askari Islamic Income Fund A+(f) 31-May-16 105.47 5.36 5.60 8.62 4.36 5.60 4.82 4.99 5.04 5.05 5 Atlas Islamic Income Fund AA-(f) 31-May-16 525.28 5.16 5.25 7.09 4.46 5.25 5.94 5.24 4.90 5.21 6 Faysal Islamic Savings Growth Fund A(f) 31-May-16 107.08 5.62 4.49 6.82 4.33 4.49 5.88 6.27 5.53 5.74 7 JS Islamic Government Securities Fund AA-(f) 31-May-16 103.50 3.59 5.87 3.53 5.66 5.87 5.96 4.53 3.65 3.65 8 MCB Islamic Income Fund AA-(f) 31-May-16 105.04 5.25 4.97 9.52 5.75 4.97 5.17 5.76 5.01 5.13 9 Meezan Islamic Income Fund A-(f) 31-May-16 53.65 5.98 3.84

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3.84 5.05 5.47 5.78 6.05 10 Meezan Sovereign Fund AA(f) 31-May-16 52.93 5.34 6.72 6.90 5.07 6.72 6.38 6.04 5.20 5.36 11 NAFA Active Allocation Riba Free Savings Fund 31-May-16 10.16 4.37 4.16 4.31 4.15 4.16 4.14 N/A N/A N/A 12 NAFA Riba Free Savings Fund A(f) 31-May-16 10.68 5.56 5.38 6.15 5.11 5.38 5.40 5.55 5.41 5.79 13 Pak Oman Advantage Islamic Income Fund A+(f) 31-May-16 53.76 4.32 4.69 2.31 5.40 4.69 6.57 5.56 4.54 3.92 14 PICIC Islamic Income Fund A(f) 31-May-16 104.89 4.87 4.74 4.35 4.68 4.74 4.93 4.95 4.67 5.49 15 PIML Islamic Income Fund A(f) 31-May-16 106.37 6.44 5.17 6.86 5.27 5.17 6.55 6.68 6.82 5.69

Ranking: PIML-IIF 1 7 5 5 7 2 1 1 5

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Balanced / Equity & Asset Allocation Category

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PIML-Strategic Multi Asset Fund

Asset Allocation as of May 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 46.69% 44.42%

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

Returns Returns As of May 2016 Absolute Returns

• 0.02%

Benchmark 2.78% Peer Group Average 2.61% Standard Deviation 12.78% Sharpe Ratio 0.02

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Cash, 26.64% Stocks / Equities, 61.40% PIBs, 3.94% Others Including Receivables, 8.02%

• 10%

0% 10% 20% 30% 40% 50% Benchmark PSMAF 4.36%

• 0.02%
• 1.45%
• 1.77%
• 0.02%

4.69% 6.73% 4.86% 7.17% 5.65% 2.61%

• 0.28%
• 0.53%

2.61% 7.35% 4.94% 5.18% 7.95%

• 4%
• 2%

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

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Balanced Fund’s Performance with its PEER Group Monthly Absolutely.

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PIML SMAF Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2016 0.02% -1.50% 5.14% 1.39%

• -0.02%

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%

Balanced (Absolute Return) Fund Name Validity Date NAV YTD MTD 1 Day 15 Days 30 Days 90 Days 180 Days 270 Days 365 Days

1 Faysal Balanced Growth Fund 31-May-16 70.09 9.52 3.91 (0.54) (1.25) 3.91 6.93 (1.28) 6.83 13.71 2 HBL Multi Asset Fund 31-May-16 96.84 1.96 0.87 (0.20) (1.21) 0.87 6.48 3.76 1.08 4.34 3 NAFA Multi Asset Fund 31-May-16 16.34 6.77 2.79 (0.40) (0.34) 2.79 9.65 9.79 6.99 8.81 4 Pakistan Capital Market Fund 31-May-16 10.89 3.22 3.62 0.09 0.09 3.62 8.14 6.66 4.11 5.28 5 Primus Strategic Multi Asset Fund 31-May-16 119.22 4.36 (0.02) (1.45) (1.77) (0.02) 4.69 6.73 4.86 7.17 6 Unit Trust of Pakistan 31-May-16 158.29 6.77 1.84 (0.35) 0.08 1.84 5.55 5.77 6.89 7.63

Ranking: PSMAF

4 6 6 6 6 6 2 4 4

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PIML-Value Equity Fund

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

Benchmark: KSE 100 Index 12.15% 10.68%

Fund Details Fund Rating Fund Size As of May 2016 Not Applicable Over 224 million

Returns Returns As of May 2016 Absolute Returns 0.11% Benchmark 3.87% Peer Group Average 2.29% Standard Deviation 14.03% Sharpe Ratio (0.09)

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Cash 7.58% Stocks / Equities 85.12% Others Including Receivables 7.30%

• 10%
• 5%

0% 5% 10% 15% Benchmark PIML VEF 2.79% 0.11%

• 1.27%
• 1.95%

0.11% 6.70% 6.70% 3.23% 7.42% 5.13% 2.29%

• 0.44%
• 0.99%

2.29% 10.62% 8.35% 5.24% 8.93%

• 4%
• 2%

0% 2% 4% 6% 8% 10% 12% * YTD MTD 1 Day 15 Days 30 Days 90 Days 180 Days 270 Days 365 Days PIML VEF Industry

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Equity Fund’s Performance with its PEER Group Monthly Absolutely.

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

• 0.85% -2.53%

6.63% 2.09% 0.11% 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%

Equity (Absolute Return) Fund Name Validity Date NAV * YTD MTD 1 Day 15 Days 30 Days 90 Days 180 Days 270 Days 365 Days

1 ABL Stock Fund 31-May-16 14.23 6.67 2.63 (0.32) (0.84) 2.63 11.14 8.21 7.24 9.54 2 AKD Opportunity Fund 31-May-16 82.86 15.05 3.82 (0.92) (0.93) 3.82 21.64 6.05 1.94 34.11 3 Alfalah GHP Alpha Fund 31-May-16 74.54 12.53 2.73 (0.21) (0.82) 2.73 9.73 12.51 9.68 16.23 4 Alfalah GHP Stock Fund 31-May-16 132.02 13.21 2.72 (0.16) (0.64) 2.72 9.81 12.27 9.88 17.60 5 Askari Equity Fund 31-May-16 103.86 (8.09) 2.13 (0.19) (1.36) 2.13 10.14 0.75 (3.21) (4.81) 6 Atlas Stock Market Fund 31-May-16 491.32 2.52 2.60 (0.47) (0.91) 2.60 11.97 10.91 6.83 5.95 7 First Capital Mutual Fund 31-May-16 11.41 3.48 1.86 (0.44) (1.20) 1.86 11.20 9.36 4.18 6.50 8 First Habib Stock Fund 31-May-16 101.35 (1.52) 0.92 (0.96) (1.87) 0.92 9.15 6.57 2.32 2.69 9 HBL Stock Fund 31-May-16 102.48 (0.07) 1.15 (0.55) (2.05) 1.15 9.14 4.98 0.08 1.78 10 JS Growth Fund 31-May-16 164.57 2.79 1.02 (0.59) (1.47) 1.02 7.09 7.72 4.87 4.76 11 JS Large Cap Fund 31-May-16 109.56 3.22 (0.21) (0.89) (1.98) (0.21) 5.81 6.43 3.57 3.61 12 JS Value Fund 31-May-16 199.59 10.96 1.74 (0.76) (1.32) 1.74 8.84 9.32 10.75 12.52 13 Lakson Equity Fund 31-May-16 112.33 7.68 2.82 (0.24) (0.83) 2.82 11.54 12.16 9.70 11.10 14 MCB Pakistan Stock Market Fund 31-May-16 85.59 2.84 3.54 0.08 (0.56) 3.54 11.88 8.49 5.69 6.14 15 NAFA Stock Fund 31-May-16 13.84 8.85 3.41 (0.52) (1.04) 3.41 14.18 14.15 9.24 12.06 16 National Investment Unit Trust 31-May-16 66.38 4.13 1.95 (0.78) (0.41) 1.95 8.96 7.64 6.48 9.89 17 PICIC Energy Fund 31-May-16 11.78 (4.73) 3.26

• 0.37

3.26 7.57 2.73 (0.95) (5.30) 18 PICIC Stock Fund 31-May-16 133.77 7.17 3.00 (0.18) (0.72) 3.00 12.09 9.59 2.79 10.86 19 PIML Value Equity Fund 31-May-16 107.49 2.79 0.11 (1.27) (1.95) 0.11 6.70 6.70 3.23 7.42 20 United Stock Advantage Fund 31-May-16 62.94 10.71 2.39 (0.24) (0.14) 2.39 9.94 8.72 8.54 14.49

Ranking: PIML-VEF

14 19 20 18 19 19 14 14 11

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Asset Allocation Fund

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PIML-Asset Allocation Fund

Asset Allocation as of May 2016 PIML-VEF vs Peer Group (AR) May 2016 Fund Details Fund Rating Fund Size As of May 2016 Not Applicable Over 2,059 millions

Returns As of May 2016 Absolute Returns 2.41% Benchmark 0.49% Peer Group Average 1.51% Standard Deviation 3.81% Sharpe Ratio 0.33

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Cash 10.25% PIBs 67.92% Placement with Banks 19.31% Others Including Receivables 2.53%

1.87% 2.41%

• 0.02%

1.94% 2.41% 4.87% 1.51%

• 0.20%
• 0.17%

1.60%

• 1%

0% 1% 2% 3% 4% 5% 6% * YTD MTD 1 Day 15 Days 30 Days PIML AAF Industry

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Asset Allocation Fund’s Performance with its PEER Group Monthly Absolutely.

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

• 2.41%

2015

• Asset Allocation (Absolute Return)

Fund Name Validity Date NAV YTD MTD 1 Day 15 Days 30 Days 90 Days 180 Days 270 Days 365 Days

1 Alfalah GHP Value Fund 31-May-16 70.63 15.31 2.56 (0.11) (0.41) 2.56 9.68 13.68 12.41 18.06 2 Askari Asset Allocation Fund 31-May-16 46.99 (7.91) 1.07 (0.21) (1.32) 1.07 6.47 (1.34) (4.75) (4.69) 3 Faysal Asset Allocation Fund 31-May-16 71.08 0.69 2.39 (0.52) (1.13) 2.39 9.24 0.57 (2.70) 3.41 4 Lakson Asset Allocation Developed Markets Fund 30-May-16 123.71 7.60 1.79 0.06 1.51 1.79 2.62 3.47 7.14 7.13 5 Lakson Asset Allocation Emerging Markets Fund 30-May-16 113.80 3.93 0.51 0.04 0.41 0.51 0.77 1.79 2.85 3.53 6 Lakson Tactical Fund 31-May-16 109.41 5.23 (0.04) (0.17) (0.23) (0.04) 0.30 2.09 3.47 4.73 7 MCB Pakistan Asset Allocation Fund 31-May-16 79.11 2.23 1.71 0.03 0.07 1.71 3.21 3.10 2.45 2.34 8 MCB Pakistan Frequent Payout Fund 31-May-16 100.20 2.48

• (0.46)

(0.20) 0.04 0.87 2.14 N/A N/A 9 NAFA Asset Allocation Fund 31-May-16 15.93 7.79 2.97 (0.37) (0.36) 2.97 9.93 10.30 7.19 10.36 10 Pak Oman Advantage Asset Allocation Fund 31-May-16 54.26 6.35 1.12 (0.53) (0.95) 1.12 4.77 6.73 4.37 8.59 11 PIML Asset Allocation Fund 31-May-16 101.87 1.87 2.41 (0.02) 1.94 2.41 N/A N/A N/A N/A 12 UBL Asset Allocation Fund 31-May-16 128.05 9.88 2.58 0.04 0.75 2.58 5.24 7.64 7.75 9.36

Ranking: PIML-AAF

10 4 5 1 4

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Shariah Compliant Equity Category

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PIML-Islamic Equity Fund

Asset Allocation as of May 2016 Return Vs Benchmark since inception

Benchmark: KMI-30 Index 36.34% 46.80%

Fund Details Fund Rating Fund Size As of May 2016 3 Star by PACRA Over 222 millions PIML IEF Vs Peer Group (AR) May 2016

Returns Returns As of May 2016 Absolute Returns 0.75% Benchmark 4.51% Peer Group Average 3.10% Standard Deviation 14.91% Sharpe Ratio 0.02

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Cash 8.27% Stocks / Equities 86.17% Others Including Receivables 5.56%

4.33% 0.75%

• 1.66%
• 2.00%

0.75% 6.58% 8.54% 5.51% 8.64% 7.70% 3.10%

• 0.33%
• 0.07%

3.10% 11.48% 11.56% 8.17% 10.87%

• 4%
• 2%

0% 2% 4% 6% 8% 10% 12% 14% * YTD MTD 1 Day 15 Days 30 Days 90 Days 180 Days 270 Days 365 Days PIML IEF Industry

• 10%

0% 10% 20% 30% 40% 50% Mar-14 Jun-14 Sep-14 Dec-14 Mar-15 Jun-15 Sep-15 Dec-15 Mar-16 Benchmark PIML IEF

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Islamic Equity Fund’s Performance with its PEER Group Monthly Absolutely.

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

• 0.16%
• 2.76%

7.28% 1.26% 0.75% 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%

Shariah Compliant Equity (Absolute Return) Fund Name Validity Date NAV * YTD MTD 1 Day 15 Days 30 Days 90 Days 180 Days 270 Days 365 Days

1 ABL Islamic Stock Fund 31-May-16 13.36 3.38 2.92 (0.37) 0.07 2.92 9.72 6.75 4.07 6.17 2 Al Ameen Islamic Dedicated Equity Fund 31-May-16 105.75 5.75 3.40 (0.36) 0.03 3.40 10.12 N/A N/A N/A 3 Al Ameen Shariah Stock Fund 31-May-16 127.17 10.57 3.13 (0.27) 0.09 3.13 12.75 13.40 10.40 16.06 4 Al Meezan Mutual Fund 31-May-16 18.08 11.06 3.20 (0.33) (0.28) 3.20 13.71 13.35 11.74 14.51 5 Alfalah GHP Islamic Stock Fund 31-May-16 70.25 17.16 2.78 (0.13) (0.01) 2.78 9.97 15.80 14.58 20.74 6 Atlas Islamic Stock Fund 31-May-16 462.37 3.45 3.41 (0.33) 0.25 3.41 12.45 12.17 6.77 7.05 7 HBL Islamic Stock Fund 31-May-16 126.27 (1.56) 1.77 (0.40) (0.93) 1.77 9.87 7.12 1.06 1.76 8 JS Islamic Fund 31-May-16 101.70 3.47 1.85 (0.41) (0.43) 1.85 8.69 11.24 8.04 8.53 9 MCB Pakistan Islamic Stock Fund 31-May-16 10.40 1.27 4.73 (0.19) 1.17 4.73 11.11 10.40 5.37 3.54 10 Meezan Islamic Fund 31-May-16 66.29 12.53 0.24 (0.30) (0.39) 0.24 13.70 13.82 15.93 16.85 11 NAFA Islamic Active Allocation Equity Fund 31-May-16 11.55 16.16 3.25 (0.38) (0.54) 3.25 13.77 N/A N/A N/A 12 NAFA Islamic Energy Fund 31-May-16 10.66 6.56 4.96 (0.84) 0.19 4.96 N/A N/A N/A N/A 13 NAFA Islamic Stock Fund 31-May-16 12.17 11.80 3.83 (0.35) (0.48) 3.83 13.17 15.69 11.40 15.71 14 NIT Islamic Equity Fund 31-May-16 10.57 2.92 3.42 (0.19) 0.19 3.42 10.45 8.86 4.65 4.76 15 PICIC Islamic Stock Fund 31-May-16 129.29 11.00 3.54 (0.15) 0.02 3.54 11.22 10.08 3.99 14.76 16 PIML Islamic Equity Fund 31-May-16 124.16 4.33 0.75 (1.66) (2.00) 0.75 6.58 8.54 5.51 8.64

Ranking: PIML-IEF

10 15 16 16 15 15 11 8 7

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Historical Performance of Pakistan Stock Market

Stock Market Returns 10 Years negative out of 39 years 26

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%

27

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OUR ENTERTAINED CLIENTS

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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