Jubilee FAMILY TAKAFUL FOR THE MONTH OF FEBRUARY 2022 = Jubilee Life Insurance Company Limited-Window Takaful Operations —_FROM INVESTMENT DESK ECONOMY AND CAPITAL MARKETS UPDATE oA ud [ein ey THO =a Git ACHSD ee} omoy — PS6H) 88H) OSE TocGokecor "Wish ebnmy AB 20997 S| || | Fore" SDE] iy 2 Source 05 "ee none “poate ges PEN ee ad Phillis Foe nea 25) 00 GORING HM cons maszeas 100201020 ‘corsaiiom || ions |) waeoe || aa) ccreneams 10010100120) sorrow) ‘corsraoaiaoas | wo | zoo) 000 comieniona 995098 ECONOMIC REVIEW “The country's inflaton persed at elevated Ile with he national CPI docking in ot 12.28% for the morth of Feb'22. The mest roleworhy increase tis month wes winessed n Pehable Food ens (+34 8/% Yo] followed by Transpo Index (+25,02% Yo"), ‘On the external Font, owing toa prominent decline in exsarts of ro es! monh he country’s rode det eoored fo USD 8 remittances flay 14.92% MeM and soos at USD 2,144 mn fr Jar'Z2. Resulory, the curent occaurt dafct for the month of Jar'22 orived athe highest ever vel wineseed o stand af USD 2,856 mn. During 7MFY22, the cent account daft has ‘reached o.on arming level af USD 11,773 mn agains’ a srplis {of USD 1,028 mn SPV. Bung the moni, berratonal Morstary Fund (OM, ofessuccesl completion of 6th review, elaied the ranche woth USD 1.08 bn, As 2 real, foreign exchange rezowes inceoted by USD 0.79 bn dung the ment fo sand al USD 22.88 kn. larly ox collecion caninued fo pce remarkable growth o: FER: net revenue colacton exceeded is targe for cof PRR 4) bn ond stood ot PKR 443 bn. Tool et revenue collection for 7MFY22 accurubtes to PRR 3,799 on (+30.20% Yon, EQUITY MARKET REVIEW Aer sang of he yeor on 2 postive nol, egies nosedied os the KMIGO index plummeted by 1,444 points in the month of Feb'22 and chsod al 72,149 points (1.96% MoM). Everts stiuloing he nagatve senmensineliced the ring gecoabical torsions caused by Russia's ‘wasion of Ulsaine which led to commadiy prices skyrocketing and tha curant acccurt recording ‘ha nghes ever meni dfck, Average raded velm= and vale of he KM Shore Index experianced a change of 5.92% and 2.06% MoM and slood at 122 mn share and PRR 4,791 1, tespecively. The secs hauling the index downward incided Technology & Communication {763 pons} ond Cement (662 pois) while Fetlaer (+332 pains) ond Avlomobile Assemble [+324 poins) conhiovied postive: Foreigners were not ellos ‘wih the net sallng amounting to USD 15.04 mn led by moje ‘ule recordaa in he Technolegy sector (SD 7.95 ms. On the lecal fet, Compenies {USD 13.51 mr) and Berks (USD 3.00 rm) mained the largest net buyate while extensive slg sat winestad fom Muval Fund (USD 18.26 mo} ond surance Companies (USD 6.34 mn). Pakesan, win a forward 2/E of 5.00x and aividens yield of 8.90%, 5 voding a an enermovs discount of 63% wih resoect to Asi Poe regional mark DEBT MARKET REVIEW Financial marist poricpanke coninued with their prefsrence towards fved role relel SOP larg as relleced inthe ovcion conducted wharein fixed rte rertol GOP ara rece pariciption of PKR 130 bn again the target of PAR 25 bn. Due to heavy parcipaton, Ministry o nance reduced he cof rie to 10.75% (40bos Ma). Onthe cher hond, variable rate rrtal ‘GOP lars ako received parcipaton of PKR 94 bn agoins the target of PKR 75 bn, however, ol bids wore ected asthe spread demanded uy lenders wos qitehigh, On MoM bass, secondary ‘marke! mained @ mix bag wih mea! of the exting issues swinessing @ pre redconMANAGED TAKAFUL FUND FUND OBJECTIVE To oplimize eggregale long capital epprecialon, divide fsk adjusted retun through 1d proft income by investing in 2 Balanced Patiala con rising of Sharh compliant e fequly mutual funds, Sukuks ( venl_and Corporal), jeposits wih blamic Banks and Windows or any oe" pproved Shariah compliant avenues FUND INFORMATION Caio iain) Fund Name Managed Takatul Fund Fund Size PKR 13,120 Millon Launch Date 07072015 Bid Price PKR 500.00 (07.07.2015) Bid Price PKR 725.28 (28.02.2022) Category Shatioh Compliant Balanced Fund Pricing Mechanism Forward on daily bass Managemen! Foe 1.50% pe. Pricing Days Monday to Fray Auditors AF Ferguson & Co. Appointed Actuary Nauman Chee, Nauman Associates, Lahore BOARD FINANCE & INVESTMENT COMMITTEE Shahid Ghoffar Chairman Joved Ahmed Member / CEO Rofiuddin Zakir Mahmood Member John Joseph Metcalf Member ‘Omer Farooq Member/Secretary Shon Rebboni Member INVESTMENT MANAGEMENT COMMITTEE Jved Ahmed Choiman/CEO ‘Omer Farooq Member Zahid Barki Member Kashif Naqvi Member ‘Shan Rabboni Member Asif Mbin Member/Secrelary Dileep Kumar Mcheshwari Member FUND MANAGER'S COMMENTS. During the month of February 2022 Managed Tokaul Fund's [MTF] Unit Price increased by PKR 0.21 {0,03%) net of fund management fee. 1 month 0.03% 3 months 0.82% 12 months 131% Calendar YTD 0.75% ‘Sukuks 658% 671% ‘Cosh and Short Term Deposits 28.72% 34.58% Equities 16.22% 16.12% ‘Mutual Funds 12.90% 12.97% (GOVERNMENT SECURITIES: 35.57% ‘MUTUAL FUNDS: 1290 EQUITIES: 16.22%03 CeCe) CY en FUND OBJECTIVE To optimize a opi gate long tem Jeppreciaton, didend and ps codjused retum through income by invesing in an Aggressive Portfolio piimarly comprising of Shariah coment ties ond vested Llomic Banks and la FUND INFORMATION DESCRIPTION INFORMATION Fund Nome Fund Size Launch Date: Bid Price (07.07.2015) Bid Price (28.02.2022) Category Pricing Mechanism ‘Management Fee Pricing Days Auditors Appointed Actuary ‘eqully mutual funds with in Sutuks (Government and Corpora) or ‘Windows of Conventional Banks. ny excess bqudily being sep with Capital Growth Total Find PAR 12,109 Millon 07072015 PAR 500.00) PRR 651.90 Shariah Compliant Fauity Fund Forward on daily basis, 1.50% pa Monday to Friday A F Ferguson & Co, Nouman Cheema, Nauman Associates, lahore BOARD FINANCE & INVESTMENT COMMITTEE Shahid Ghoffar Joved Ahmed Rofiuddin Zakir Mahmood John Joseph Metcalf ‘Omer Farooq Shon Rebboni Chairman Member / CEO Member Member Member/Secrelary Member INVESTMENT MANAGEMENT COMMITTEE Joved Ahmed ‘Omer Farooq aid Barki Kashif Nogyi Shon Rabbeni Asif Mobin Dileep Kumar Moheshwari Chairman/CEO Member Member Member Member Member/Secreary Member FUND MANAGER'S COMMENTS During the month of February 2022 Ce lal Growth Tokal Fund's (CGTF) Unit Price deceased by PKR 8.89 (1.35%) reel of fund management fee. 1 month ~ 1.35% 3 months - 2.07% 12 months - 8.38% Calendar YTD 0.46% ‘Sukuks 4.68% 4.88% ‘Cash and Short Term Deposits 10.99% 12.16% Equities 67.82% 757% ‘Mutual Funds 9.68% 9.56% CASH & TDR'S:10.99% SSUKUKS: 4.68% GOVERNMENT SECURITIES: 6.83% MUTUAL FUNDS: 9.68% 1TAKAFUL INCOME FUND o FUND OBJECTIVE FUND MANAGER'S COMMENTS The investment objective ofthe fund is to provide sustainable During the month of February 2022 Tokoful Income telus to its policy holders over medium to longrlerm by Fund's (TIF) Unit Price increased by PKR 1.97 (0.39%) rvesing in a divesiied porfalio of secuiies corssing of net of fund management fee differ! Shariah complian’ money matkel and debt narument so FUND INFORMATION we Fund Name Taka Income Fund ms Fund Size PKR 276 Nilion we Launch Date 07.08.2021 2 Bid Price PKR 500.00 wo tLe 2221) 5 SP PEPE SE Bid Price KR 509.75 2 2 2 e YF BS (28.02.2022) Category Shariah Compliant FUND RETURNS Conservative Fund riceghadoin —fovacer toe AST Management Fee 150% p.0 een 089% 3 months 1.46% Pricing Days Menday to Friday Auditors AF Ferguson & Co V2 monks NA : Calendar YTD 0.97% ‘Appointed Actuary Nouran Cheema, Naan Ascot Since Inception 1.95% chee) Ses bespeon foreclenst] Bao BOARD FINANCE & INVESTMENT COMMITTEE Sean WA LL“ “ Shahid Ghoffar Chaiman ASSET ALLOCATION tet cee rr ree Rafuddin Zakir Mahmood Member Goverment Secures 707% 38.90% John Joseph Metal Mentor Term Finonce Seoiiies 3.70% 3.90% Cosh and Short Term Depots 29.22% 57.20% ‘Omer Farooq Member/Secretay Shon Robben tember INVESTMENT MANAGEMENT COMMITTEE Joved Ahmed Choiman/CEO ‘Omer Farooq Member ET Member GOVERNMENT SECURITIES: 67.07% Kashif Nagy Member Shon Rabbon tember Asif Mobin Member/Secreary Dileep Kumar Mcheshwari Member TES. 370%05 Ue AEA ea») FUND OBJECTIVE The imesiment objecive of the fund is to eam compeliive longterm rsk adjisled rem through capital appre dividend and pref income by investing in Shatioh C: Equity Instumer's, Shoah Compliant xed Income Inun FUND INFORMATION DESCRIPTION Nice Find Nene Tol esd Fund Size. PRR 245 Niillion Launch Date 01.08.2021 Bid Price PKR 500.00 (01.08.2021) Bid Price PKR 510,03 (28.02.2022) Category Shorigh Compliant Pricing Mechanism Forward on daily basis ‘Management Fee 1.50% p.a. Pricing Days Monday fo Friday Auditors AE Ferguson & Co. eel Narre lahore BOARD FINANCE & INVESTMENT COMMITTEE Shahid Ghoffar Chairman Joved Ahmed Member / CEO Rofiuddin Zakir Mahmood Member John Joseph Metcalf Member ‘Omer Farooq Member/Secretary Shon Rebboni Member INVESTMENT MANAGEMENT COMMITTEE Javed Ahmed Choiman/CEO ‘Omer Farooq Member Zahid Barki Member Kashif Naqvi Member ‘Shan Rabboni Member Asif Mbin Member/Secrelary Dileep Kumar Mcheshwari Member FUND MANAGER'S COMMENTS During the month of February 2022 Takaful Balance Fund!’ (TBF) Unit Price increased by PKR 1.92 (0.38%) ret of fund management fee 1 month 0.38% 3 months 1.43% 12 months. N/A Calendar YTD 0.96% Since Inception (annualized) 3.49% ‘5 Years N/A 10 Years. N/A cs oe Cosh and Short Term Deposits 30.57% 60.76% ‘GOVERNMENT SECURITIES: 66.08% res.2.35%,JUBILEEFAMILYTAKAFUL.COM Iubile life Insurance Company Limited Window Tokaful Operations 74/1, lalazes, MIT. Khon Road, Karachi 74000, Fakisan Prone: 1021) 32120201, 35205094 fox: 1021) 35610959) VAN: 021) 111-117-554 SMS: Your Query to 8554 Eemolt —inlo@iublectie.com, comphir's@jublectio.com Webste: warn ub leelomihfokaldl eon