save, invest & enjoy - awt investmentsasset allocation as of june 2016 piml-if vs peer group...

SAVE, INVEST & ENJOY

A wholly owned subsidiary of

1

www.primusinvestments.comwww.primusinvestments.com

Primus Investment Management Limited is a wholly subsidiary of Pak Brunei which came inplace 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 thepurpose of safeguarding the future and development of the society.

PRIMUS Investment Management Limited (PIML) is a public, unlisted Non- Banking FinanceCompany, the company is a 100% subsidiary of Pak Brunei Investment Company and wasgranted license by the SECP to undertake Asset Management & Investment Advisory Serviceson December 23, 2011.

Managing total assets of over PKR 8.95 billion in 7 open-end funds. 5 Conventional and 2Shariah Compliant Funds, year end closing as of 31st June 2016.

Our PIML Daily Reserve Fund and PIML Income Fund are best performance funds in theirrespective category.

Awarded 4 Star rating in PIML Islamic Equity Fund and 3 Star rating for PIML Strategic MultiAsset Fund by PACRA .

ABOUT PRIMUS

2


Awarded by PACRA or JCR-VIS AM1 (Highest Management Quality)

Rating of Asset Management Companies (AMCs) as of June 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+ JCR-VIS

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

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

Mrs. Rabia Bukhari Head of Research CFA

4


Investment Philosophy

Short Term (<1 year)

Low RiskMoney 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.

5


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

6


Money Market / Income Category

7


PIML-Daily Reserve Fund

Asset Allocation as of June 2016PIML-DRF Vs Peer Group (AAR) June 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

June 2016 AA(f) by PACRA Over 1,599 millions

9.35%

7.16%Ret

urn

sR

etu

rns

As of June 2016

Annualized Returns (YTD) 6.00%

Benchmark (YTD) 5.39%

Peer Group Average (YTD) 3.36%

Standard Deviation 0.29%

Sharp Ratio 0.34

8

Placements with DFIs, 5.98%

T-Bills, 11.88%

Cash at Bank, 81.90%

Others including receivables

(NR), 0.24%

0%

2%

4%

6%

8%

10%

12%

14%

Jan

-13

Feb

-13

Mar

-13

Ap

r-1

3M

ay-1

3Ju

n-1

3Ju

l-13

Au

g-13

Sep

-13

Oct

-13

No

v-1

3D

ec-1

3Ja

n-1

4Fe

b-1

4M

ar-1

4A

pr-

14

May

-14

Jun

-14

Jul-

14A

ug-

14Se

p-1

4O

ct-1

4N

ov-

14

Dec

-14

Jan

-15

Feb

-15

Mar

-15

Ap

r-1

5M

ay-1

5Ju

n-1

5Ju

l-15

Au

g-15

Sep

-15

Oct

-15

No

v-1

5D

ec-1

5Ja

n-1

6Fe

b-1

6M

ar-1

6A

pr-

16

May

-16

Jun

-16

Benchmark PIML DRF

6.0

0%

4.3

4%

10.39%

3.7

0%

4.4

0%

5.1

0%

5.4

8%

5.7

4%

5.9

9%

3.3

6%

3.6

0%

6.0

8%

5.6

7%

5.3

2%

5.2

8%

5.3

0%

5.3

6%

5.5

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 DRF Industry


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

9

PDRF Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2016 5.96% 5.82% 5.11% 5.32% 5.45% 4.34%

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 UBL Liquidity Plus Fund AA(f) 30-Jun-16 100.55 5.57 8.28 12.42 11.49 8.17 6.11 5.58 5.47 5.57

2 ABL Cash Fund AA(f) 30-Jun-16 10.02 5.77 7.18 5.83 9.72 7.10 5.80 5.64 5.61 5.77

3 PICIC Cash Fund AA(f) 30-Jun-16 100.55 6.06 6.96 5.37 8.73 6.89 5.96 5.77 5.86 6.06

4 Lakson Money Market Fund AA(f) 4-Jul-16 100.19 5.59 5.59 5.59 5.07 5.75 5.67 5.64 5.50 5.60

5 Pakistan Cash Management Fund AAA(f) 30-Jun-16 50.20 5.85 5.67 5.89 6.09 5.66 5.58 5.61 5.72 5.85

6 NAFA Money Market Fund AA(f) 28-Jun-16 10.44 - - 5.60 5.84 5.50 5.77 6.18 6.02 6.55

7 NAFA Government Securities Liquid Fund AAA(f) 29-Jun-16 10.72 - - 4.77 5.53 5.38 5.55 5.82 5.66 5.72

8 Askari Sovereign Cash Fund AA+(f) 1-Jul-16 100.45 - - 35.39 5.81 5.24 5.45 5.25 5.25 5.58

9 Atlas Sovereign Liquid Fund AA(f) 30-Jun-16 100.11 5.79 5.23 8.53 5.57 5.23 5.50 5.39 5.47 5.79

10 Atlas Money Market Fund AA(f) 30-Jun-16 501.10 6.02 5.16 3.88 5.14 5.16 5.68 5.65 5.72 6.02

11 HBL Money Market Fund AA(f) 30-Jun-16 101.55 - - 4.78 4.39 4.95 4.73 4.74 4.86 5.09

12 JS Cash Fund AA+(f) 30-Jun-16 102.51 5.71 4.86 3.56 4.87 4.92 5.22 5.41 5.45 5.71

13 UBL Money Market Fund (Formerly: UBL Savings Income Fund) AA(f) 30-Jun-16 100.41 5.14 4.78 5.34 4.15 4.90 4.94 4.86 4.98 5.14

14 First Habib Cash Fund AA(f) 30-Jun-16 100.33 5.34 4.87 6.51 5.16 4.87 4.96 5.01 5.10 5.34

15 AKD Cash Fund AA+(f) 30-Jun-16 50.13 5.45 4.68 3.71 4.81 4.68 5.06 5.16 5.19 5.45

16 PIML Daily Reserve Fund AA(f) 30-Jun-16 105.47 6.00 4.34 10.39 3.70 4.40 5.10 5.48 5.74 5.99

17 NIT Government Treasury Fund 4-Jul-16 10.03 5.22 5.22 5.22 3.95 4.13 4.78 N/A N/A N/A

18 Alfalah GHP Cash Fund AA(f) 30-Jun-16 495.60 - - 5.16 3.84 4.10 4.58 4.77 4.93 5.14

19 Alfalah GHP Money Market Fund (Formerly: IGI Money Market Fund) AA(f) 30-Jun-16 98.22 - - 3.64 3.30 3.89 4.70 4.94 5.09 5.34

20 MCB Cash Management Optimizer AA(f) 4-Jul-16 100.37 3.49 3.49 3.49 1.03 2.63 4.26 4.77 5.09 5.42

21 Faysal Money Market Fund AA+(f) 30-Jun-16 101.12 - - 28.90 (121.62) (58.96) (16.21) (5.45) (1.88) 0.04

Ranking: PIML-DRF 3 13 4 18 16 12 9 3 4


PIML-Income Fund

Asset Allocation as of June 2016PIML-IF Vs Peer Group (AAR) June 2016

Return Vs Benchmark since inception

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


As of June 2016 A+(f) by PACRA Over 4,892 millions

13.47%

7.39%

Re

turn

sR

etu

rns

As of June 2016





Sharpe Ratio 4.33

10

Placements With Banks, 21.97%

Placements with DFIs, 11.98%

TFCs/Sukuks, 5.07%

PIBs, 20.06%

T-Bills, 1.92%

Commercial Papers, 1.59%


Others including receivables

(NR), 21.42%

0%

2%

4%

6%

8%

10%

12%

14%

16%

Au

g-12

Sep

-12

Oct

-12

No

v-1

2D

ec-1

2Ja

n-1

3Fe

b-1

3M

ar-1

3A

pr-

13

May

-13

Jun

-13

Jul-

13

Au

g-13

Sep

-13

Oct

-13

No

v-1

3D

ec-1

3Ja

n-1

4Fe

b-1

4M

ar-1

4A

pr-

14

May

-14

Jun

-14

Jul-

14

Au

g-14

Sep

-14

Oct

-14

No

v-1

4D

ec-1

4Ja

n-1

5Fe

b-1

5M

ar-1

5A

pr-

15

May

-15

Jun

-15

Jul-

15

Au

g-15

Sep

-15

Oct

-15

No

v-1

5D

ec-1

5Ja

n-1

6Fe

b-1

6M

ar-1

6A

pr-

16

May

-16

Jun

-16

Benchmark PIML IF

11.71%12.70%

10.39%

3.7

0%

4.4

0%

5.1

0%

5.4

8%

5.7

4%

5.9

9%

3.5

4%

3.3

7%

13.19%

1.3

9% 3

.21

%

4.3

5% 5.8

2%

5.8

4%

6.8

0%

0%

2%

4%

6%

8%

10%

12%

14%


PIML IF Industry


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

11

PIML IF Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov

2016 10.49% 18.82% 7.88% 5.77% 13.16% 12.70%

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 UBL Income Opportunity Fund A-(f) 29-Jun-16 109.57 7.50 12.97 18.73 17.38 12.69 11.13 8.77 7.69 7.50

2 PIML Income Fund A+(f) 30-Jun-16 102.94 11.71 12.70 24.84 19.15 12.72 10.38 12.52 11.09 11.71

3 Atlas Income Fund AA-(f) 30-Jun-16 511.25 8.02 10.77 20.88 14.59 10.77 8.12 7.81 7.36 8.02

4 ABL Government Securities Fund A(f) 29-Jun-16 10.04 8.01 11.82 9.82 17.65 11.50 7.41 7.47 6.78 8.01

5 UBL Government Securities Fund A(f) 29-Jun-16 105.40 8.90 9.61 10.05 13.27 9.35 6.97 9.50 7.67 8.90

6 Lakson Income Fund A+(f) 30-Jun-16 101.14 - - 28.10 9.65 8.66 6.48 7.56 7.23 8.57

7 ABL Income Fund A(f) 29-Jun-16 10.01 7.01 8.59 11.67 11.86 8.42 5.97 6.41 6.26 7.01

8 Faysal Financial Sector Opportunity Fund AA-(f) 29-Jun-16 100.92 - - 25.33 17.40 10.78 5.92 6.00 5.65 6.91

9 NAFA Savings Plus Fund AA-(f) 28-Jun-16 10.75 - - 5.10 5.95 5.56 5.66 6.05 5.99 6.31 10 PICIC Income Fund A(f) 30-Jun-16 105.21 7.85 8.34 15.97 11.43 8.34 5.60 8.40 7.70 7.85

11 JS Income Fund A+(f) 29-Jun-16 95.62 6.28 4.11 38.21 5.25 4.34 5.57 6.10 5.91 6.28

12 NAFA Government Securities Savings Fund AA-(f) 29-Jun-16 10.95 - - 3.00 4.52 4.75 5.56 5.83 5.61 6.46

13 NAFA Income Opportunity Fund A(f) 29-Jun-16 11.49 - - 12.39 6.65 5.60 5.55 6.24 6.63 7.41

14 NAFA Financial Sector Income Fund A+(f) 28-Jun-16 11.13 - - (12.13) 4.64 5.09 5.53 5.98 6.01 6.47

15 MCB Pakistan Sovereign Fund A+(f) 29-Jun-16 53.19 7.20 7.43 13.73 9.19 7.18 5.52 6.11 6.09 7.20

16 NAFA Income Fund A(f) 29-Jun-16 10.40 - - 5.62 5.56 5.61 5.22 5.99 6.26 6.85

17 Faysal Savings Growth Fund AA-(f) 29-Jun-16 101.61 - - 7.19 9.81 6.93 5.10 6.19 5.87 7.70

18 NIT − Government Bond Fund AA(f) 30-Jun-16 9.96 5.78 5.78 6.97 6.36 5.78 5.07 5.53 5.33 5.78

19 Pakistan Income Fund A+(f) 29-Jun-16 53.70 6.33 7.84 6.80 11.26 7.80 5.07 5.44 5.07 6.33

20 First Habib Income Fund AA-(f) 30-Jun-16 100.97 6.66 9.29 48.76 13.82 9.29 4.88 5.45 5.23 6.66

21 NIT − Income Fund A+(f) 30-Jun-16 10.30 5.87 5.37 8.86 5.67 5.37 4.87 5.62 5.44 5.87

22 Askari Sovereign Yield Enhancer A+(f) 30-Jun-16 101.37 - - 10.77 6.27 5.31 4.70 7.83 7.80 9.21

23 HBL Income Fund A(f) 30-Jun-16 106.09 - - 3.23 5.61 4.62 4.65 5.44 4.89 6.12 24 MCB DCF Income Fund A+(f) 29-Jun-16 105.98 6.18 5.61 11.20 6.53 5.58 4.64 5.18 5.40 6.18

25 Alfalah GHP Income Fund A+(f) 29-Jun-16 110.72 - - (434.77) (45.91) (20.47) (3.22) 2.59 3.60 5.10

26 Alfalah GHP Sovereign Fund AA-(f) 29-Jun-16 105.79 - - (771.97) (87.98) (41.37) (9.90) (1.31) 0.97 2.90

27 Pak Oman Government Securities Fund AA-(f) 30-Jun-16 10.59 - - 31.04 (123.93) (58.65) (15.08) (0.58) 0.70 2.03

28 Faysal MTS Fund 29-Jun-16 100.07 - - 3.65 8.70 8.60 N/A N/A N/A N/A Ranking: PIML-IF 1 2 6 1 1 2 1 1 1


Shariah Compliant Income Fund Category

12


PIML-Islamic Income Fund

Asset Allocation as of June 2016

Benchmark:6 months deposit rate of three AA and above rated Islamic Banks


5.53%

5.87%


As of June 2016 A(f) by PACRA Over 276 millions

PIML-IIF Vs Peer Group (AAR) June 2016

Ret

urn

s

As of June 2016





Sharpe Ratio 0.43

13


Others including receivables (NR), 1.85%

0%

2%

4%

6%

8%

10%

12%

Mar

-14

May

-14

Jun

-14

Jul-

14

Au

g-14

Sep

-14

Oct

-14

No

v-14

Dec

-14

Jan

-15

Feb

-15

Mar

-15

Ap

r-15

May

-15

Jun

-15

Jul-

15

Au

g-15

Sep

-15

Oct

-15

No

v-15

Dec

-15

Jan

-16

Feb

-16

Mar

-16

Ap

r-16

May

-16

Jun

-16

Benchmark PIML IIF

Ret

urn

s

6.2

6%

4.0

4%

3.6

5% 4

.65

%

4.0

4% 4.8

6% 6

.40

%

5.9

5%

6.2

7%

2.6

6%

2.0

9% 2.7

6%

4.7

1%

4.1

7%

4.5

9% 5.4

1%

5.2

6%

5.4

0%

0%

1%

2%

3%

4%

5%

6%

7%


PIML IIF Industry


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

14

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% 4.04

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 NAFA Riba Free Savings Fund A(f) 29-Jun-16 10.72 - - 4.77 4.52 4.35 5.00 5.23 5.31 5.48

2 PIML Islamic Income Fund A(f) 30-Jun-16 100.04 6.26 4.04 3.65 4.65 4.04 4.86 6.40 5.95 6.27

3 Meezan Sovereign Fund AA(f) 30-Jun-16 50.80 - - 14.38 2.78 2.77 4.80 4.07 5.31 N/A

4 Al Ameen Islamic Sovereign Fund AA-(f) 29-Jun-16 101.04 4.31 3.74 2.64 4.17 3.59 4.73 4.42 4.15 4.31

5 Pak Oman Advantage Islamic Income Fund A+(f) 29-Jun-16 53.98 - - 21.58 6.26 5.16 4.66 6.10 4.77 4.41

6 PICIC Islamic Income Fund A(f) 30-Jun-16 100.74 4.82 4.16 7.07 4.76 4.16 4.54 5.12 4.66 4.82

7 ABL Islamic Income Fund A(f) 29-Jun-16 10.02 5.81 4.19 (4.37) 4.94 4.26 4.41 5.33 5.62 5.81

8 Faysal Islamic Savings Growth Fund A(f) 29-Jun-16 101.90 - - 3.58 4.63 3.91 4.40 5.95 5.43 5.49

9 Atlas Islamic Income Fund AA-(f) 30-Jun-16 501.42 4.97 2.68 8.96 2.80 2.68 4.37 4.66 4.74 4.97

10 JS Islamic Government Securities Fund AA-(f) 29-Jun-16 100.35 3.51 2.47 (3.64) 2.89 2.50 4.24 3.73 3.70 3.51

11 NAFA Active Allocation Riba Free Savings Fund 28-Jun-16 10.19 - - 4.30 4.52 3.98 4.14 N/A N/A N/A

12 MCB Islamic Income Fund AA-(f) 29-Jun-16 100.67 5.07 2.76 0.25 2.99 2.99 4.11 4.13 4.89 5.07

13 Meezan Islamic Income Fund A-(f) 30-Jun-16 51.28 - - 7.12 2.29 2.96 3.50 4.35 5.54 5.75

14 Askari Islamic Income Fund A+(f) 30-Jun-16 100.63 - - 4.10 0.26 1.83 3.22 4.14 4.56 5.08

15 Alfalah GHP Islamic Income Fund A+(f) 29-Jun-16 100.61 - - - - - - (3.75) (1.35) 0.11 Ranking: PIML-IF 1 3 9 4 5 2 1 1 1


Balanced / Equity & Asset Allocation Category

15


PIML-Strategic Multi Asset Fund



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

50.15%

49.13%


As of June 2016 4 Star by PACRA Over 310 millions

PIML-SMAF Vs Peer Group (AR) June 2016

Re

turn

sR

etu

rns

As of June 2016





Sharpe Ratio 0.21

16

Equity Securities, 65.45%

PIBs, 8.04%


Others including recievables (NR),

8.29%

-10%

0%

10%

20%

30%

40%

50%

60%

Au

g-13

Sep

-13

Oct

-13

No

v-1

3

Dec

-13

Jan

-14

Feb

-14

Mar

-14

Ap

r-1

4

May

-14

Jun

-14

Jul-

14

Au

g-14

Sep

-14

Oct

-14

No

v-1

4

Dec

-14

Jan

-15

Feb

-15

Mar

-15

Ap

r-1

5

May

-15

Jun

-15

Jul-

15

Au

g-15

Sep

-15

Oct

-15

No

v-1

5

Dec

-15

Jan

-16

Feb

-16

Mar

-16

Ap

r-1

6

May

-16

Jun

-16

Benchmark PSMAF

6.8

2%

2.3

6%

1.8

6%

1.4

1%

0.7

7%

3.6

5%

5.7

8%

7.4

5%

6.7

1%

2.3

4%

0.3

4%

-0.1

0%

-1.6

8%

-0.7

9%

4.7

6%

2.9

7%

6.8

9%

5.2

2%

-4%

-2%

0%

2%

4%

6%

8%

* YTD MTD 1 Day 15 Days 30 Days 90 Days 180 Days 270 Days 365 DaysPIML SMAF Industry


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

17

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% 2.36

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

1 NAFA Multi Asset Fund MFR 4-Star 28-Jun-16 16.28 - - 0.53 (0.23) (1.39) 6.72 7.95 7.62 6.99

2 Primus Strategic Multi Asset Fund MFR 3-Star 29-Jun-16 103.16 6.82 2.36 1.86 1.41 0.77 3.65 5.78 7.45 6.71

3 Unit Trust of Pakistan MFR 2-Star 29-Jun-16 154.69 6.65 (0.11) 1.48 (0.81) (0.47) 4.01 2.32 7.00 6.65

4 HBL Multi Asset Fund MFR 1-Star 30-Jun-16 98.05 - - 0.01 (1.35) 3.87 6.52 6.46 6.51 5.90

5 Pakistan Capital Market Fund MFR 4-Star 29-Jun-16 10.68 5.07 1.79 1.62 0.31 1.88 7.62 6.99 8.25 5.07

6 Faysal Balanced Growth Fund MFR 3-Star 29-Jun-16 64.96 - - (4.13) (6.32) (7.82) (1.08) (8.85) 5.05 1.50

Ranking: PSMAF 1 1 1 1 3 5 4 3 2


PIML-Value Equity Fund

Asset Allocation as of June 2016PIML-VEF vs Peer Group (AR) June 2016


Benchmark:KSE 100 Index

14.55%

15.96%


As of June 2016 Not Applicable Over 233 million

Re

turn

sR

etu

rns

As of June 2016





Sharpe Ratio 0.07

18


Cash at Bank, 6.14%

Others including recievables (NR), 2.56%

-10%

-5%

0%

5%

10%

15%

20%

Benchmark PIML VEF

4.8

3%

1.9

8%

1.9

7%

1.0

3%

0.6

9%

4.2

3% 5.5

6%

6.4

9%

4.8

3%

4.5

9%

1.2

3%

0.1

4%

-1.4

4% 0

.58

%

7.0

7%

6.3

3% 8

.53

%

5.7

3%

-2%

0%

2%

4%

6%

8%

10%


PIML VEF Industry


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

19

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% 1.98

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 Rating Validity Date NAV * YTD MTD 1 Day 15 Days 30 Days 90 Days 180 Days 270 Days 365 Days

1 JS Value Fund MFR 1-Star 29-Jun-16 203.18 12.96 1.80 1.46 1.03 1.02 7.13 6.00 13.72 12.96

2 AKD Opportunity Fund MFR 4-Star 30-Jun-16 80.21 14.13 (0.80) 0.05 (0.92) (0.80) 10.89 4.87 5.54 11.30

3 United Stock Advantage Fund MFR 3-Star 28-Jun-16 62.84 10.54 (0.16) 2.48 (1.10) (1.27) 7.09 4.07 9.88 11.20

4 Lakson Equity Fund MFR 3-Star 30-Jun-16 114.33 - - 0.15 (2.13) 2.72 8.20 12.19 15.04 10.60

5 ABL Stock Fund MFR 4-Star 29-Jun-16 14.65 9.83 2.96 2.17 0.72 2.63 10.05 9.44 11.06 9.83

6 National Investment Unit Trust MFR 3-Star 30-Jun-16 65.15 9.59 5.24 0.84 4.69 5.24 9.98 9.41 15.38 8.61

7 Alfalah GHP Stock Fund MFR 4-Star 29-Jun-16 126.07 - - (3.74) (5.83) (4.65) 1.88 2.24 6.84 8.12

8 NAFA Stock Fund MFR 5-Star 28-Jun-16 13.60 - - 0.07 (1.20) (3.34) 8.02 9.71 9.74 7.64

9 First Capital Mutual Fund MFR 2-Star 30-Jun-16 11.80 6.97 3.37 0.12 (1.20) 3.37 9.07 11.64 10.28 6.97

10 PICIC Stock Fund MFR 2-Star 30-Jun-16 107.23 6.71 (0.44) 0.29 (3.82) (0.44) 5.72 6.35 3.57 5.35

11 MCB Pakistan Stock Market Fund MFR 5-Star 29-Jun-16 86.95 5.08 2.18 2.22 0.45 2.27 10.23 7.60 11.97 5.08

12 Atlas Stock Market Fund MFR 3-Star 30-Jun-16 503.43 5.05 2.47 (0.05) (2.74) 2.47 9.43 11.53 13.06 5.05

13 PIML Value Equity Fund - 29-Jun-16 109.62 4.83 1.98 1.97 1.03 0.69 4.23 5.56 6.49 4.83

14 JS Large Cap Fund MFR 4-Star 29-Jun-16 110.41 4.02 0.78 2.41 0.98 (0.12) 2.81 1.25 N/A 4.02

15 JS Growth Fund MFR 2-Star 29-Jun-16 166.44 3.96 1.14 2.04 0.32 0.54 5.73 3.14 7.67 3.96

16 HBL Stock Fund MFR 2-Star 30-Jun-16 103.68 - - (0.06) (2.09) 2.67 6.31 6.94 5.34 2.59

17 Alfalah GHP Alpha Fund MFR 4-Star 29-Jun-16 67.79 - - (8.32) (10.37) (9.25) (3.03) (2.60) 1.86 2.34

18 First Habib Stock Fund MFR 2-Star 30-Jun-16 104.21 1.26 2.82 (0.07) (2.31) 2.82 7.30 7.84 7.00 1.26

19 PICIC Energy Fund MFR 1-Star 30-Jun-16 12.01 (2.86) 1.96 0.48 (0.24) 1.96 8.12 4.52 3.11 (2.85)

20 Askari Equity Fund MFR 3-Star 30-Jun-16 107.07 - - 0.21 (1.69) 3.09 9.41 4.04 2.39 (5.25)

Ranking: PIML-VEF 10 7 6 2 12 17 12 13 13


Asset Allocation Fund

20


PIML-Asset Allocation Fund

Asset Allocation as of June 2016PIML-AAF vs Peer Group (AR) June 2016


As of June 2016 Not Applicable Over 1,389 millions

Re

turn

s

As of June 2016




Standard Deviation 0.45

Sharpe Ratio 4.35%

21


Placements With Banks, 27.13%

Placements With DFIs, 13.57%

PIBs, 40.80%

Others including receivables (NR),

2.45%

-1%

-1%

0%

1%

1%

2%

2%

3%

3%

4%

Apr-16 May-16 Jun-16

Benchmark PIML AAF

Re

turn

s

Benchmark:Weighted average of 6 months KIBOR and KSE-100 index as per amount invested in equities and fixed income investments includingcash & cash equivalent respectively.

2.87%

1.43%

2.87%

0.98%

0.24%0.68%

0.98%

1.70%

0.31%

-0.35%

-1.23%

-0.61%

-2%

-1%

-1%

0%

1%

1%

2%

2%

3%

3%

4%

* YTD MTD 1 Day 15 Days 30 Days

PIML AAF Industry


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

22

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

2016 - - - - 2.41% 0.98%

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 UBL Asset Allocation Fund 30-Jun-16 123.93 12.16 2.08 0.94 0.73 2.12 5.31 7.35 9.45 12.16 2 Askari Asset Allocation Fund 30-Jun-16 47.84 - - 0.26 (1.11) 1.80 6.00 (0.65) (0.28) (6.25)3 Lakson Tactical Fund 30-Jun-16 102.62 - - 0.05 (0.36) 1.54 1.49 3.54 4.55 6.85 4 PIML Asset Allocation Fund 30-Jun-16 100.80 2.87 0.98 0.24 0.68 0.98 N/A N/A N/A N/A 5 MCB Pakistan Asset Allocation Fund 29-Jun-16 78.94 3.06 0.80 1.19 0.15 0.83 3.30 3.17 3.73 3.06 6 MCB Pakistan Frequent Payout Fund 29-Jun-16 100.20 3.52 0.50 0.04 0.23 0.55 1.70 2.70 N/A N/A 7 Pak Oman Advantage Asset Allocation Fund 29-Jun-16 54.85 - - 2.01 0.99 0.55 3.76 6.32 6.73 7.51 8 Lakson Asset Allocation Emerging Markets Fund 30-Jun-16 102.58 - - 0.05 0.39 0.48 1.01 2.26 2.89 4.42 9 Lakson Asset Allocation Developed Markets Fund 30-Jun-16 113.29 - - 0.34 0.61 0.36 1.31 4.20 7.24 8.00

10 NAFA Asset Allocation Fund 29-Jun-16 15.85 - - 0.62 (1.13) (0.90) 6.65 8.37 7.73 7.21 11 Faysal Asset Allocation Fund 29-Jun-16 68.83 - - 1.18 (2.15) (3.67) 4.88 (4.36) 1.38 (2.49)12 Alfalah GHP Value Fund 29-Jun-16 63.37 - - (10.58) (11.91) (10.38) (4.21) (2.43) 1.93 3.45

Ranking: PIML-AAF 4 2 8 3 4 - - - -


Shariah Compliant Equity Category

23


PIML-Islamic Equity Fund



Benchmark:KMI-30 Index

36.34%

46.80%


As of June 2016 3 Star by PACRA Over 255 millions

PIML IEF Vs Peer Group (AR) June 2016

Re

turn

sR

etu

rns

As of June 2016





Sharpe Ratio 0.21

24

-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



Others including recievables (NR),

1.66%

7.0

2%

2.5

8%

1.9

9%

1.3

7%

0.8

8%

4.6

5%

7.0

1% 8

.86

%

7.0

2%

3.7

5%

1.1

3%

0.3

4%

-1.4

0%

1.3

8%

7.7

6%

8.9

1%

10

.66

%

8.5

1%

-4%

-2%

0%

2%

4%

6%

8%

10%

12%


PIML IEF Industry


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

25

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 Rating Validity Date NAV * YTD MTD 1 Day 15 Days 30 Days 90 Days 180 Days 270 Days 365 Days

1 Meezan Islamic Fund MFR 2-Star 30-Jun-16 66.21 - - 0.02 (1.44) 4.33 11.03 13.51 18.92 17.40

2 Al Ameen Shariah Stock Fund MFR 4-Star 30-Jun-16 128.63 14.51 3.56 2.40 0.75 3.27 11.34 10.74 12.68 14.51

3 Al Meezan Mutual Fund MFR 2-Star 30-Jun-16 17.99 - - 0.06 (1.36) 4.04 10.58 13.31 17.49 13.86

4 NAFA Islamic Stock Fund - 30-Jun-16 12.25 - - 1.61 (0.89) 0.24 9.08 9.31 13.73 12.46

5 PICIC Islamic Stock Fund MFR 3-Star 30-Jun-16 106.47 10.96 (0.04) 0.28 (2.55) (0.04) 5.03 7.15 4.67 10.96

6 PIML Islamic Equity Fund MFR 4-Star 30-Jun-16 127.36 7.02 2.58 1.99 1.37 0.88 4.65 7.01 8.86 7.02

7 Alfalah GHP Islamic Stock Fund MFR 3-Star 29-Jun-16 63.85 - - (9.38) (11.39) (9.23) (3.32) (0.87) 5.30 6.49

8 JS Islamic Fund MFR 5-Star 30-Jun-16 104.07 - - 0.76 (1.06) 2.33 5.10 9.48 11.76 5.88

9 Atlas Islamic Stock Fund MFR 3-Star 30-Jun-16 472.57 5.73 2.20 (0.18) (3.17) 2.20 8.55 11.25 11.41 5.73

10 ABL Islamic Stock Fund MFR 4-Star 29-Jun-16 13.65 5.56 2.10 2.27 0.15 1.72 8.01 7.20 6.57 5.56

11 NIT Islamic Equity Fund - 30-Jun-16 10.43 5.74 2.74 0.29 2.36 2.74 7.10 8.49 8.71 4.52

12 MCB Pakistan Islamic Stock Fund MFR 3-Star 29-Jun-16 10.65 3.70 2.40 2.60 0.57 2.21 10.82 9.79 10.13 3.70

13 HBL Islamic Stock Fund MFR 1-Star 30-Jun-16 128.01 - - - (2.44) 2.60 6.30 7.60 6.55 1.00

14 Al Ameen Islamic Dedicated Equity Fund - 29-Jun-16 109.02 10.04 4.06 2.45 1.33 3.68 9.80 N/A N/A N/A 15 NAFA Islamic Active Allocation Equity Fund - 28-Jun-16 11.58 - - (0.06) (0.67) (1.51) 9.25 N/A N/A N/A

16 NAFA Islamic Energy Fund - 29-Jun-16 10.98 - - 2.04 (1.16) 2.15 N/A N/A N/A N/A

Ranking: PIML-IEF 4 4 6 2 12 14 12 8 6


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


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


OUR ENTERTAINED CLIENTS


www.primusinvestments.com29

HEAD OFFICE

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Phone: (+92-21) 35361372 | Fax : (+92-21) 35370873

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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

[email protected]

Rida Jiwani

Chief Strategy Officer

Direct. (+921)-35877091 Board 37130165 Ext 223

[email protected]

Armaghan Qureshi

Regional Manager - North

Cell No. 0331-5264516 Phone # (+92-51) 32800397-8

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