Investment Portfolio

(Sir Hamza)
 Mubashar sharif
(2008-ag-152)
umer shahzad
(2008-ag-204)
UNIVERSITY OF AGRICULTURE
FAISALABAD
PAKISTAN
 Company Name

Arif Habib Mutual Fund

 Company Profile
Arif Habib Investments Limited is an
Asset Management Company managing
both open and closed-end mutual funds.
 
The company is registered with the
(SECP) and regulated under the (NBFC)
Rules 2003.
 Company Profile
Arif Habib Investments Limited manages about
Rs. 12.137 billion in 12 mutual funds as of 30th
April 2009.
Arif Habib Securities Ltd (the parent company)
has received the KSE's Top 25 Companies
Award for the past 6 consecutive years.  Arif
Habib’s closed-end fund the Pakistan Premier
Fund Limited (PPFL) was also placed in KSE’s
top 25 companies in 2005 and 2006.   
 Company Profile
Arif Habib Investments Limited is an industry
leader, setting international standards and
bringing innovative products to market.  This is
one of the fastest growing asset management
companies in the country, with 9 open-end and 3
closed-end mutual funds.
Arif Habib Investments Limited is part of the Arif
Habib Group, with Arif Habib Securities Limited
(AHSL) as its main shareholder.  AHSL is a
listed company with a capital and reserve base
in excess of Rs. 15.008 billion (as of 31st
December 2008).    
 Company Profile
The current Ratings of AHIL by PACRA are:

Entity Rating:           A+

Asset Manager Rating:     AM2 

 Milestones of AHIL
 In March 2002  two of its flagship funds: PSM
and PIF were launched.  In 2004 these  funds
received the ‘Performance Excellence Award-
2004’ presented by “MUFAP”. 
 Pakistan International Element Islamic Fund
(PIIF) of Arif Habib Investments Limited is the
first mutual fund in the country with permission
from the State Bank of Pakistan to also invest
overseas.
 Types of Mutual Fund
Open- Ended Fund
Close-Ended Fund

Open Ended Fund :

An open-ended fund
operated by an investment company which
raises money from shareholders and
invests in a group of assets, in accordance
with a stated set of objectives.
 Investors may purchase units from the fund
sponsor or redeem units at the valuation
promised in the fund documents, usually on a
daily basis.
Closed Ended Fund :
"Closed-ended or "Closed"
mutual funds are traded as financial securities,
once they are issued, and holders must sell their
units on the stock market to receive their funds
back. (Traded on Stock markets)
 Mutual Fund of AHIL.
Open-End Funds :

 Pak Stock Market Fund

 Pak Int. Element Islamic fund
 Pak Income Fund
 Pak Capital Market Fund
 Metro bank-Sovereign Fund
 Pak Pension Fund
 Mutual Fund of AHIL.
 Pak Islamic Pension Fund
 Pak Cash Management Fund
 Pak Income Enhancement Fund
Close-End Funds :
 Pak Premier Fund Ltd.
 Pak Strategic Allocation Fund
 Pak Capital Protected Fund-1
FUND/COMAPNY TRUSTEE
PSM , PIIF ,  PIF  , PCM , Central Depository
PSAF  Company of Pakistan
Limited (CDC)

MSF  Habib Metropolitan Bank

Limited
PCPF-1 , PPF , PIPF Muslim Commercial
Financial Services (Pvt.)
Limited
PPFL Deutsche Bank AG.
 Open ended Funds

Pakistan Stock Market Fund

 Pakistan Stock Market Fund
(PSM)
 PSM is an open-end equity fund; investing in
both growth and value stocks listed in Pakistan.
 The Fund seeks to achieve long-term capital
appreciation primarily from growth stocks.
 Investment allocation between growth and value
stocks, the proportions are approximately 70/30
respectively.
 The majority 70% growth segment of the
portfolio is a selection of the most heavily traded
stocks in the market. The remainder of the PSM
is invested in ‘Value’.
 Fund Info.
Date of Inception 11th March, 2002. 
Fund Type Open-end Equity 
Minimum investment Rs. 5,000 
Fund Manager Nazia Nauman  
Initial Public Offer PKR 50.00 
Registrar Gangjees Registrar

Services (Pvt.) Ltd.
Trustee (CDC) 
Auditors A.F. Ferguson
 Fund Characteristic
PSM KSE-100
Price Earning-2009 7.25 7.50

Beta X 0.77 1.00

Standard Deviation 21.78 26.97

Net Asset/MKT cap. 1.81 2145.96

(Rs.bn)
NAV Rs.pu/KSE-100 46.28 7202.10
 Fund Returns (%)
PSM KSE-100 BM
Month On Month 3.53 4.98 2.61
Quarter on Quarter 28.31 33.93 32.56
Since Inception 416.35 284.58 -

Fund Objective

The objective of the fund is provide investors long term

capital appreciation from its investment in Pakistan
equity.
Performance Graph
PSM Overall Asset Allocation
(April, 09)

Top five Holdings

FFC. Co. Ltd 9.6%
Oil & Gas Co. 8.1%
Packages Ltd. 6.2%
UBL 4.8%
Pak. tel. Co. Ltd 3.9%
 Fee Schedule
   Management fee: 2.00% per annum
 Front-end load: Up to 2%,

Financial Year Expense Ratio 

2001-02 5.5 % 
2002-03 3.5 
2003-04 4.8 
2004-05 3.84   
2005-06 4.05 
2006-07 3.27 
2007-08 2.64 
 PSM Assets
Financial Year PMS Assets Funds under Mgt
(PKR.Million) (PKR.Million)
2001-02 322.97 633

2002-03 783.99 3372.59

2003-04 1051.64 8211.85

2004-05 2712.98 14453.25

2005-06 3617.73 19709.01

2006-07 3245.58 23184.34

2007-08 3350.62 18426.73

 Dividend History
Financial Year % of  Face Value Payout /unit (Rs.) Form

2007-08   20.22  17 Bonus  

2006-07     50   25  Bonus  

2005-06    60   30  Bonus 
2004-05   50    25   Bonus 
2004-05   20   10 Cash 
2003-04    60   30  Bonus 
2002-03    40    20   Bonus 
2001-02 2.69 1.35 
Bonus   
Pakistan Pension Fund (Open End)
Pakistan Pension Fund (PPF)
 PPF constituted under the voluntary pension
system Rules 2005 is a savings cum –
investment scheme with customized investment
choices.

 The investor has a choice between various

allocation schemes, that PPF offers each of
which is invested in different proportion in the
three sub funds i. e. Equity; Debt and Money
market.
 Fund Info.
Date of Inception 29 June, 2007. 
Fund Type Voluntary Pension
Scheme  
Minimum investment Rs. 1,000 
Fund Manager Usman Mehmood  
Initial Public Offer PKR 100
Registrar Gangjees Registrar

Services (Pvt.) Ltd.
Trustee Muslim Commercial
Financial Service  
Auditors A.F. Ferguson & Co.
 Fund Characteristic
PPF-Equity KSE-100
Price Earning 6.19 7.50

Beta X 0.81 1.00

Standard Deviation 23.96 28.42

Fund Objective
The objective of the fund is provide flexible retirement
saving plans for individuals with customized investment
choices.
 Fund Returns (%)

PPF-EQ PPF-DT PPF-MM

Month On Month 6.20 20.64 3.38
(%)
Quarter on Quarter 31.68 32.73 4.00

Since Inception -37.48 4.17 7.18

NAV (Rs. Per Unit) 62.52 107.79 113.58

Performance Graph
Top Five Holdings
UBL. 5.5%
Oil & Gas Co. 5.3%
FFC. Ltd. 5.1%
ABL. 5.1%
Pak. Petroleum 4.9%
Ltd.
 Fee Schedule
   Management fee: 1.5% per annum
 Front-end load: Up to 3% of NAV.

Financial Year Expense Ratio 

2007-08 2.39% 
 PPF Assets
Financial Year PPF Assets Funds under Mgt
(PKR.Million) (PKR.Million)
2007-08 PPF-EQ 32.026 18426.75

2007-08 PPF-DT 35.29 18426.75

2007-08 PPF-MM 33.71 18426.75

 Close ended Funds

Pakistan Premier Fund

 Pakistan Premier Fund Ltd.
(PPFL)
 PPFL mainly investing in both value and growth
stocks in Pakistan.
 The shares of the Fund are traded on the stock
exchanges.
 Fund Manager does not have the responsibility
to accept investments and redemptions.
 The Fund seeks to achieve long-term capital
appreciation primarily through value stocks.
 The Fund invests mainly in equity and a small
portion in debt securities such as TFCs.
 Fund Info.
Date of Inception 1st Jan, 2003. 
Fund Type Close-end Equity 
Fund Manager Basharat Ullah   
Initial Public Offer PKR 10.00 
Registrar THK Associate
(Pvt.) Ltd.
Custodian Deutsche Bank AG.  
Auditors A.F. Ferguson
 Fund Returns (%)

PPFL
Month On Month 1.54
Quarter on Quarter 22.64
Since Inception 156.46
Performance Graph
Overall Asset Allocation
 Fee Schedule
   Management fee: 2.00% per annum

Financial Year Expense Ratio 

2002-03 2.60 % 
2003-04 3.10 
2004-05 3.04   
2005-06 2.91 
2006-07 2.29 
2007-08 2.46 
 PPFL Assets
Financial Year PPFL Assets Funds under Mgt
(PKR.Million) (PKR.Million)
2002-03 650.931 3372.592
2003-04 1221.919 8211.852

2004-05 2207.133 14453.249

2005-06 2576.507 19709.011
2006-07 2910.082 23184.344

2007-08 2414.916 18426.733

 Dividend History
Financial Year % of  Face Value Payout /unit (Rs.) Form

2007-08   15  1.50 Cash  

2006-07     15   1.50  Bonus  

2006-07    25   2.50  Cash 
2005-06   25    2.50   Cash 
2005-06   15   1.50 Cash 
2004-05    25   2.50 Bonus 
2004-05    15    1.5   Cash 
2003-04 50 6.00  Cash 
2003-04   25 2.50 Bonus
Pakistan Capital Protected Fund
Pakistan Pension Fund (PPF)
 PCPF-1 is a closed-end fund with a minimum
capital of Rs. 200 million with an upper limit of
Rs. 3 billion.

Objective :
 PCPF-1 has an objective to pay back investors
their entire initial investment i.e. Rs. 10 per
Certificate over the term of its life the in the form
of dividend or return of capital on its termination.
Investment Risk

An investor who invests in this fund and

holds it till maturity (three years), is
guaranteed a minimum of 100% of his/her
investment amount, returned to him/her.
 Fund Info.
Date of Inception 27 July, 2007. 
Fund Type Closed-end Debt 
Minimum investment Rs. 5,000 
Fund Manager M.Zafar Rehman  
Initial Public Offer PKR 10
Registrar THK Associate
(Pvt.) Ltd.

Trustee Deutsche Bank AG

Auditors Ford Rhodes Sidat Co.
 Fund Returns (%)

PCPF-1
Month On Month 0.57
(%)
Quarter on Quarter 1.74

Since Inception -5.86

Performance Graph
Asset Allocation
 Fee Schedule
   Management fee: 2% per annum

Financial Year Expense Ratio 

2007-08 3.73% 
 PCPF-1 Assets
Financial Year PCPF-1 Assets Funds under Mgt
(PKR.Million) (PKR.Million)
2007-08 589.367 18426.73

Dividend History
Financial Year % of  Face Value Payout /unit (Rs.) Form

2007-08   6.6  0.66 Bonus