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 7 billion in 6 open-end funds. 4 Conventional and 2 Shariah Compliant Funds, year end closing as of 31st March 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 March 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 Faysal Asset Management Limited AM3+ JCR-VIS Askari Investment Management Limited AM3+ JCR-VIS BMA Asset Management Company Limited AM3 PACRA Habib Asset Management Limited AM3 PACRA Primus Investment 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

• 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 March 2016

PIML-DRF Vs Peer Group (AAR) March 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 March 2016 AA by PACRA Over 1,668 millions

9.55% 7.36%

Returns Returns

As of March 2016 Annualized Returns 5.11% Benchmark 5.27% Peer Group Average 4.30% Standard Deviation 0.60% Sharp Ratio 0.12

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Placements With Banks 4.75% T-Bills 34.94% Cash at Bank 60.06% Others including receivables (NR) 0.25%

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 6.22% 5.11% 7.01% 4.92% 5.04% 5.81% 6.00% 6.21% 7.26% 5.61% 4.30% 4.71% 4.94% 5.01% 5.26% 5.33% 5.54% 6.51% 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 DRF Industry

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

* approximate MTD return

PDRF Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2016 5.96% 5.82% 5.11% 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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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 March February January December November October September August July June May April PIML Daily Reserve Fund AA 5.11% 5.82% 5.96% 5.96% 6.72% 5.41% 6.48% 5.82% 6.31% 5.82% 7.77% 15.78% 10 9 2 PICIC Cash Fund AA 5.22% 0.00% 5.40% 6.49% 6.36% 5.78% 6.39% 24.48% 7.26% 8.45% 11 8 1 Atlas Money Market Fund AA+ 5.46% 5.41% 5.74% 5.74% 5.26% 6.09% 6.62% 6.12% 6.54% 8.92% 7.06% 7.98% 10 7 2 NAFA money Market Fund AA 6.45% 6.45% 5.74% 5.74% 5.09% 5.70% 6.56% 5.30% 7.60% 11.30% 6.78% 7.96% 10 6 2 Pakistan Cash Management Fund AAA 5.63% 0.00% 5.79% 5.79% 5.29% 6.01% 5.95% 5.79% 6.09% 13.34% 6.81% 5.88% 9 5 3 MCB Cash Management Optimizer AA 4.98% 4.94% 5.73% 5.73% 5.29% 6.13% 6.18% 5.80% 5.94% 11.42% 6.83% 7.65% 11 4 1 Atlas Sovereign Liquid Fund AA+ 5.08% 5.08% 5.50% 5.50% 5.15% 5.80% 6.45% 5.91% 6.64% 14.22% 6.53% 7.54% 9 4 3 JS Cash Fund AA+ 5.54% 5.47% 5.80% 5.80% 4.59% 5.70% 6.20% 5.72% 5.87% 14.10% 6.65% 7.85% 8 4 4 ABL Cash Fund AA 5.03% 5.13% 5.25% 5.25% 4.93% 5.91% 5.97% 5.46% 5.75% 16.88% 7.15% 7.40% 7 3 5 Askari Sovereign Cash Fund AAA 4.96% 4.89% 11.78% 5.01% 5.04% 5.55% 6.32% 5.57% 7.07% 10.60% 7.21% 7.36% 8 3 4 BMA Empress Cash Fund AA+ 3.64% 4.70% 4.01% 4.01% 3.59% 4.57% 5.65% 5.18% 13.93% 6.45% 6.37% 8.94% 2 2 10 AKD Cash Fund AA+ 4.99% 5.05% 5.07% 5.07% 5.02% 5.29% 5.97% 5.58% 6.03% 6.60% 7.31% 7.43% 7 2 5 Alfalah GHP cash Fund AAA 4.61% 5.03% 5.65% 5.31% 4.66% 5.44% 5.94% 5.55% 5.55% 10.39% 6.46% 8.24% 6 2 6 HBL Money Market Fund AA 0.00% 4.60% 5.47% 5.47% 4.96% 5.48% 5.70% 5.18% 5.62% 14.26% 6.33% 8.06% 4 2 8 Lakson Money Market Fund AA 5.27% 5.37% 4.90% 4.90% 4.78% 5.39% 5.65% 5.32% 5.47% 8.94% 6.28% 7.79% 3 1 9 UBL Liquidity Plus Fund AA 4.77% 4.80% 5.05% 5.05% 4.82% 5.53% 5.62% 5.16% 5.56% 10.26% 6.86% 7.76% 2 10 UBL Money Market Fund AA 4.34% 4.66% 4.93% 4.93% 4.96% 5.17% 5.40% 5.42% 4.81% 5.32% 7.02% 7.55% 1 11 KASB Cash Fund AA 0.00% 0.00% 6.76% 4.63% 5.61% 5.57% 5.78% 4.95% 6.41% 6.73% 2 1 10 First Habib Cash Fund AA 4.97% 4.84% 4.97% 4.97% 4.81% 5.66% 5.81% 5.44% 5.62% 6.36% 6.60% 7.78% 2 10

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PIML-Income Fund

Asset Allocation as of March 2016 PIML-IF Vs Peer Group (AAR) March 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 March 2016 A+ by PACRA Over 6,212 millions

13.30% 7.61% Returns Returns As of March 2016 Annualized Returns 7.88% Benchmark 5.78% Peer Group Average 5.07% Standard Deviation 1.68% Sharpe Ratio 3.67

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Placements With Banks 12.55% Commercial Paper 0.62% TFCs/Sukuks 1.67% PIBs 26.54% T-Bills 0.75% Cash at Bank 7.10% Others including receivables (NR) 0.76% Total 50.00%

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 PIF Benchmark 11.70% 7.88% 13.12% 8.12% 7.70% 13.94% 10.96% 11.65% 9.88% 7.37% 5.07% 7.21% 6.23% 5.65% 7.08% 6.43% 7.37% 7.66% 0% 5% 10% 15% * YTD MTD 1 Day 15 Days 30 Days 90 Days 180 Days 270 Days 365 Days PIML IF Industry

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

* approximate MTD return

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

2016

5.96% 18.82% 7.88%

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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Income

Past 12 month Performance summary (Month wise) 2016 2015

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

Name Rating March February January December November October September August July June May April PIML Income Fund A+ 7.88% 18.82% 10.49% 10.49% 0.55% 12.68% 8.71% 13.76% 14.60% -13.74% 3.20% 22.22% 8 8 8 Lakson Income Fund A+ 5.76% 9.79% 6.59% 6.59% 1.56% 11.08% 6.36% 13.19% 15.47% 10.13% 14.46% 22.03% 8 5 8 Askari Sovereign Yield Enhancer AA- 5.12% 15.28% 11.78% 8.07% 0.33% 14.83% 9.71% 13.50% 13.61% -11.28% 6.41% 19.12% 8 6 8 UBL Income Opportunity Fund A+ 5.09% 6.58% 8.68% 8.68% 3.95% 1.56% 6.36% 8.44% 4.30% 10.64% 1.46% 7.49% 4 3 4 ABL Government Securities Fund A+ 5.31% 6.76% 9.77% 4.31% 0.57% 11.80% 8.97% 12.75% 9.39%

• 7.37%

3.01% 21.97% 5 4 5 NAFA Income Opportunity Fund A- 7.41% 6.59% 7.45% 7.45% 5.61% 8.31% 6.67% 7.27% 11.90% 13.00% 8.48% 16.96% 8 4 8 UBL Government Securities Fund A+ 7.31% 10.45% 5.31% 5.31% 1.89% 10.34% 8.71% 12.23% 14.79%

• 8.55%

3.52% 24.83% 6 4 6 PICIC Income Fund A+ 6.15% 13.17% 12.51% 6.52% 0.58% 11.25% 29.20% 7.50% 8.17%

• 3.58%

5.41% 17.61% 6 3 6 NAFA Income Fund A- 7.45% 6.30% 7.82% 7.82% 5.21% 6.21% 8.09% 7.50% 8.30% 4.31% 8.40% 16.96% 6 4 6 MCB Pakistan Sovereign Fund AA 5.26% 6.35% 4.71% 4.71% 1.71% 12.30% 9.46% 11.01% 9.54% 8.33% 5.72% 21.47% 6 2 6 NAFA Financial Sector Income Fund A+ 7.19% 6.07% 7.69% 7.69% 3.86% 6.05% 5.82% 6.49% 7.50% 5.90% 12.20% 13.73% 6 2 6 Pakistan Income Fund A+ 5.06% 5.51% 4.92% 4.92% 0.21% 8.45% 6.71% 13.13% 8.13%

• 3.47%

9.60% 16.48% 2 2 2 Pak Oman Government Securities Fund AA 8.94% 22.36% 8.39% 2.33% 1.27% 6.49% 10.74% 5.41% 5.44%

• 4.02%

5.07% 13.58% 4 3 4 Alfalah GHP Sovereign Fund AA- 5.12% 6.92% 6.38% 6.38% 2.67% 9.32% 8.98% 7.94% 7.82%

• 3.99%

4.59% 19.26% 4 4 ABL Income Fund A+ 6.28% 5.92% 7.69% 6.48% 2.34% 8.93% 7.68% 8.84% 9.44% 1.26% 5.32% 19.79% 5 5 NAFA Government Securities Savings Fund AA- 5.58% 5.48% 5.17% 5.17% 3.04% 6.88% 11.46% 5.88% 10.40% 2.20% 7.32% 19.86% 6 1 6 NIT − Government Bond Fund AA 5.53% 5.57% 4.63% 4.63% 4.02% 5.84% 8.60% 5.17% 6.63% 4.77% 4.77% 22.15% 3 1 3 HBL Income Fund A 0.00% 5.89% 6.22% 6.22% 1.96% 7.17% 27.81% 9.54% 8.98% 7.13% 6.80% 15.93% 4 2 4 First Habib Income Fund AA- 5.34% 4.50% 6.19% 6.19%

• 0.46%

9.66% 9.90% 8.56% 12.02%

• 6.77%

6.68% 16.69% 4 1 4 NAFA Savings Plus Fund AA- 6.53% 6.09% 6.80% 6.80% 4.56% 5.68% 6.39% 5.74% 7.30% 7.10% 6.80% 8.15% 5 1 5 Atlas Income Fund A+ 6.04% 7.16% 5.88% 5.88% 1.51% 12.23% 9.35% 9.53% 8.47% 2.15% 5.94% 15.89% 5 1 5 NIT − Income Fund A+ 5.72% 6.45% 5.12% 5.12% 4.10% 5.66% 7.33% 5.57% 7.52%

• 0.48%

6.86% 17.61% 2 1 2 MCB DCF Income Fund A+ 5.33% 5.57% 4.64% 4.64% 1.71% 10.50% 33.85% 8.17% 8.13% 0.53% 6.31% 14.43% 2 1 2 JS Income Fund A+ 5.70% 0.00% 3.76% 6.58% 5.88% 3.30% 3.69% 5.21% 11.50% 1.75% 2.59% 15.35% 3 1 3

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Shariah Compliant Income Fund Category

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PIML-Islamic Income Fund

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

Return Vs Benchmark since inception

5.68% 5.92%

Fund Details Fund Rating Fund Size As of March 2016 A by PACRA Over 432 millions PIML-IIF Vs Peer Group (AAR) March 2016

Returns

Returns

As of March 2016 Annualized Returns 8.89% Benchmark 4.06% Peer Group Average 6.53% Standard Deviation 0.84% Sharpe Ratio 0.58

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Sukuks 14.30% Cash at Bank 84.09% Others including receivables (NR) 1.62%

0% 2% 4% 6% 8% 10% 12% Mar-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16 Feb-16 Mar-16 IIF Benchmark 6.64% 8.89% 6.92% 5.78% 8.95% 7.84% 6.41% 6.65% 5.54% 5.60% 6.53% 6.47% 5.68% 6.56% 6.15% 5.52% 5.55% 6.07% 0% 2% 4% 6% 8% 10% * 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 Consistency & Outperformance Past 12 months Performance Summary (Month wise)

* approximate MTD return

PIF Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2016 9.11% 5.54% 8.89% 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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Islamic Income

Past 12 month Performance summary (Month wise) 2016 2015

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

Name Rating March February January December November October September August July June May April Meezan Islamic Income Fund

A- 3.57% -2.00% 9.32% 4.95% 8.79% 5.00% 5.51% 7.66% 6.43% 5.90% 7.03% 7.02% 10 7

ABL Islamic Income Fund

A+ 5.65% 5.35% 7.16% 4.30% 6.44% 4.57% 6.11% 7.62% 5.58% 7.60% 7.76% 8.45% 12 6

Meezan Sovereign Fund

AA 1.13% 1.97% 13.46% 4.33% 4.28% 1.12% 5.36% 6.52% 5.85% 7.05% 7.97% 7.87% 8 6

MCB Islamic Income Fund

AA 5.21% 12.00% 12.00% 1.77% 4.71% 3.76% 5.74% 6.62% 3.32% 7.77% 8.38% 7.41% 8 5

Askari Islamic Income Fund

AA- 4.36% 6.67% 6.67% 4.25% 5.66% 6.58% 6.08% 6.37% 1.76% 6.41% 8.59% 3.85% 10 5

Atlas Islamic Income Fund

A+ 4.32% 6.00% 6.00% 3.62% 4.61% 3.88% 6.21% 6.19% 5.47% 7.26% 8.03% 7.70% 9 5

NAFA Riba Free Savings Fund

A- 5.33% 6.01% 6.01% 5.10% 4.70% 5.20% 5.20% 6.80% 7.90% 5.70% 5.90% 7.00% 11 5

Faysal Islamic Savings Growth Fund

AA- 4.71% 5.67% 5.67% 7.19% 0.11% 4.85% 4.83% 6.59% 6.96% 6.29% 6.87% 6.91% 6 5

PICIC Islamic Income Fund

A+ 6.92% 4.55% 3.19% 2.42% 5.37% 4.05% 5.46% 5.79% 11.53% 6.00% 7.07% 8.20% 12 4 PIML Islamic Income Fund A+ 5.54% 9.11% 5.59% 4.51% 3.46% 11.86% 4.47% 5.06% -2.62% 3.01% 6.07% 6.33% 5 4

JS Islamic Government Securities Fund

A+ 3.59% -1.27% 6.75% -5.64% 5.97% -6.10% -4.33% 2.96% 5.55%

• 1.15% 13.79% -10.57%

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Alfalah GHP Islamic Income Fund

AA- 5.65% 4.46% 4.46% 1.34% 4.93% 4.09% 4.37% 4.48% 4.40% 6.64% 6.48% 7.44% 7 2

Al Ameen Islamic Sovereign Fund

A+ 3.66% 0.21% 3.06% 4.02% 4.42% 2.87% 5.11% 5.78% 5.35% 6.08% 7.22% 7.45% 5 2

Pak Oman Advantage Islamic Income Fund

AA- 7.21% 4.16% 1.30% 2.87% 2.08% 4.63% 1.62% 3.39% -0.35% 2.50% 2.91% 4.50% 8 1

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Balanced / Equity Category

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PIML-Strategic Multi Asset Fund

Asset Allocation as of March 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 44.70% 35.69%

Fund Details Fund Rating Fund Size As of March 2016 4 Star PACRA Over 324 millions PIML-SMAF Vs Peer Group (AR) March 2016

Returns Returns As of March 2016 Absolute Returns 5.14% Benchmark 4.07% Peer Group Average 1.86% Standard Deviation 13.39% Sharpe Ratio

• 0.13

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Equity Securities 69.27% PIBs 3.82% Cash at Bank 23.07%

Others including recievables (NR) 3.84%

• 10%

0% 10% 20% 30% 40% 50% PSMAF Benchmark 2.95% 5.14% 0.40% 0.62% 4.86% 2.05% 3.67%

• 0.22%

16.35% 0.36% 1.86% 0.41% 0.84% 2.99%

• 2.03%

2.08%

• 1.81%

9.11%

• 5%

0% 5% 10% 15% 20% * 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 Consistency & Outperformance Past 12 months Performance Summary (Month wise)

* approximate MTD return

PIF Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2016 0.02% -1.50% 5.14% 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% 17

Balanced Fund

Past 12 month Performance summary (Month wise) 2016 2015

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

Name Ranking March February January December November October September August July June May April NAFA Multi Asset Fund MFR 4-Star 3.99% -1.15% 1.86% 1.86% -3.80% 3.20% -3.70% -1.20% 2.40% 2.90% -1.70% 11.00% 12 11 Pakistan Capital Market Fund MFR 4-Star 3.41% -1.68% 1.67% 1.67% -3.33% 4.48% -5.37% -0.75% 1.42% 2.40% -0.60% 9.78% 12 11 Unit Trust of Pakistan MFR 2-Star 2.47% 0.00% 0.99% 2.10% -2.36% 5.66% -4.24% -0.90% 2.89% 1.35% -2.10% 8.55% 12 11 Primus Strategic Multi Asset Fund MFR 4-Star 5.14% -1.50% 0.02% 2.44% -4.37% 4.20% -4.54% -0.07% 2.05% 3.94% -1.69% 12.29% 12 10 HBL Multi Asset Fund MFR 1-Star 0.00% -2.65% 2.15% 2.15% -4.19% 3.65% -4.98% 0.75% 2.31% 3.28% -2.18% 7.94% 12 10 Faysal Balanced Growth Fund MFR 3-Star 1.91% -4.75% 6.43% -0.68% -3.15% 19.12% -7.18% -2.15% 5.39% 4.04% -1.32% 7.23% 12 7

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PIML-Value Equity Fund

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

Benchmark: KSE 100 Index 9.73% 1.71%

Fund Details Fund Rating Fund Size As of March 2016 Not Applicable Over 234 million

Returns Returns As of March 2016 Absolute Returns 6.63% Benchmark 5.64% Peer Group Average 4.98% Standard Deviation 15.04% Sharpe Ratio

• 0.24

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Equity Securities 89.64% Cash at Bank 5.42%

Others including recievables (NR) 4.94%

• 10%
• 5%

0% 5% 10% 15% PVEF Benchmark 0.57% 6.63% 0.59% 0.92% 6.35% 1.27% 2.17%

• 3.58%

16.87%

• 1.33%

4.98% 0.70% 1.33% 5.18%

• 1.19%

0.81%

• 4.25%

11.19%

• 10%
• 5%

0% 5% 10% 15% 20% * 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 Consistency & Outperformance Past 12 months Performance Summary (Month wise)

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

• 0.85% -2.53% 6.63%

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%

* 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 March February January December November October September August July June May April March JS Value Fund

MFR 1-Star 5.88% -5.24% 4.21% 4.21% -3.25% 7.55% -5.87% -2.69% 5.69% 2.16% -3.52% 10.44% -10.97% 7 6

PICIC Energy Fund

MFR 1-Star 5.46% -3.42% 5.50% 5.50% -5.86% 5.66% -6.93% 0.68% 4.51% 4.68% -2.80% 16.85% -10.39% 8 5

Alfalah GHP Alpha Fund

MFR 4-Star 5.33% -3.28% 5.41% 5.41% -5.86% 5.56% -6.57% 0.54% 5.06% -2.80% -2.80% 16.61% -10.17% 6 5

Alfalah GHP Stock Fund MFR 4-Star

7.10% -5.87% -1.00% -1.00% -5.86% 7.19% -8.75% -0.17% 15.56% 18.76% -0.08% 7.45% -10.95% 6 5

National Investment Unit Trust

MFR 3-Star 2.74% 0.31% -6.07% -1.15% -1.23% 4.10% -5.15% -4.07% 0.91% 0.01% -1.71% 12.72% -6.72% 5 4

AKD Opportunity Fund

MFR 4-Star 6.84% -1.54% -4.86% 0.53% -6.83% 3.21% -4.75% 0.23% 5.41% 4.54% -3.31% 8.89%

• 7.25%

6 4

PICIC Stock Fund

MFR 2-Star 5.40% -5.81% 4.86% 4.86% -3.03% 6.13% -6.12% 0.69% 4.12% 4.61% -3.16% 14.03% -12.15% 9 4

United Stock Advantage Fund

MFR 3-Star 5.01% -3.72% 2.86% 2.86% -3.32% 6.36% 6.59% -0.94% -1.55% 2.08% -2.27% -1.92% -1.90% 7 3

MCB Pakistan Stock Market Fund

MFR 5-Star 5.38% -3.25% 2.16% 2.16% -4.23% 8.27% -8.80% -2.73% 2.73% 4.08% -1.05% 12.93% -9.55% 6 3 PIML Value Equity Fund

• 6.63% -2.53% -0.85% 2.26% -5.85% 5.57% -6.41% -0.73% 3.33%

6.32% -2.66% 14.77% -8.14% 7 3

JS Large Cap Fund

MFR 4-Star 5.42% 0.00% -0.49% 1.03% -5.91% 7.83% -7.28% -3.30% 6.07% 1.18% -3.00% 12.66% -9.81% 4 3

JS Growth Fund

MFR 2-Star 4.74% 0.00% 3.81% 3.81% -4.82% 6.53% -6.80% -2.40% 3.44% 2.53% -2.67% 11.54% -11.16% 6 3

NAFA Stock Fund

MFR 5-Star 6.42% -2.14% 3.23% 3.23% -5.80% 5.30% -6.30% -2.00% 3.70% 4.20% -2.40% 15.10% -10.30% 10 3

ABL Stock Fund

MFR 4-Star 5.79% -1.72% -3.35% 0.28% -4.93% 6.95% -5.22% -2.36% 3.80% 4.09% -3.31% 14.28% -9.17% 7 2

Atlas Stock Market Fund

MFR 3-Star 5.82% -1.89% -2.56% 0.61% -5.58% 7.14% -8.07% -5.14% 3.68% 5.26% -4.91% 12.36% -9.71% 4 2

First Habib Stock Fund

MFR 2-Star 5.37% -1.40% -2.69% 1.11% -5.05% 4.43% -6.14% -3.57% 2.11% -3.25% -3.25% 10.30% -8.23% 3 1

Askari Equity Fund

MFR 3-Star 4.30% -5.01% 0.07% 0.07% -4.95% 5.24% -6.53% -4.40% 1.81% 4.94% -3.66% 12.72% -10.96% 3 1

HBL Stock Fund

MFR 2-Star 0.00% -3.66% 1.11% 1.88% -6.14% 5.03% -7.29% 0.08% 2.67% 3.33% -2.80% 11.94% -9.69% 3 1

First Capital Mutual Fund

MFR 2-Star 6.10% -1.27% 2.12% 2.12% -6.65% 5.96% -6.69% -2.78% 4.56% 4.27% -3.20% 11.28% -10.26% 7 1

Lakson Equity Fund

MFR 3-Star 7.01% -1.79% -2.36% 0.89% -5.35% 5.83% -6.41% -1.98% 2.97% 4.55% -3.29% 8.35%

• 9.88%

6 1

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Asset Allocation Fund

Launched Date 12th April 2016

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Investment Objective

Salient Features

• Open-end Asset Allocation Fund
• All investment decisions are backed by rigorous in-depth research and screened through an Independent risk management function.
• Benefit from an active, focused investment process which aims to achieve consistently strong investment performance while

minimizing risks.

• Exposure to equity and fixed income instruments.
• It has the potential to beat inflation in the medium to long term. It has the potential to beat inflation in the medium to long term.
• Liquidity. (Redeemable any business day).

“ The investment objective of the fund is to earn comparative return by investing in the various asset classes / instruments based on the market outlook. The fund is an asset allocation fund and it will be able to invest in equities / debt instruments as per market conditions at the discretion of the management company based on fundamental analysis. The objective of the fund is to provide a higher risk adjusted return while aiming to secure your capital through prudent fund management across all asset classes. On equity side the fund will strive to invest in value and growth stocks based on risk and reward analysis. On the debt side the investment will be undertaken based on the credit analysis of each instrument and assessments of the yield curve as per market conditions. ”

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Authorized Investments

• S. No

Security

Allocation Expected Return Risk Profile Liquidity 1 Equity / Real Estate 50% 2 Equity (Local / Foreign) 0%-50% K+ 10.00% High High 3 Units of REITS (Local / Foreign) 0%-15% K+ 15.00% High Medium 4 Investment in Fixed Income Securities 5 Investment in Debt Securities - Banks/Corporate 0%-30% K + 9.00% Low High 6 Investment In Margin Trading "Fully Secured" 0%-30% K + 5.00% Low High 7 Bank Deposits 0%-100% K + 0.30% Low High 8 Gop Securities 0%-100% K + 1.50% Low High 9 Sovereign Bonds (Foreign) 0%-10% LIBOR + 3.00% Low High Total 100%

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Product Summary

Management Fee

2% of Average Annual Net Assets

Front End Load (FEL)

3% of NAV

Minimum Investment

PKR 1000/-

Risk Profile

Moderate to High

Eligible Investors

Financial Institutions & Corporate organizations, Retirement Funds & NGO’s , High Net Worth Investors, Retail Investors & Others

Pricing

Available daily on PIML website

Trustee & Custodian

Central Depository Company of Pakistan Limited

Tax Deduction Zakat Applicability

Zakat deducted at source. Annulled in the case a Zakat Declaration for is submitted to the transfer agent

Special Offer

We invite you to invest in the Pre-IPO of PIML Asset Allocation Fund and avail the opportunity to earn competitive returns without paying management fee to the AMC for one month (30 days) from the close of the IPO. This offer is valid for investors that invest during Pre-IPO and IPO periods 23

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Shariah Compliant Equity Category

24

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PIML-Islamic Equity Fund

Asset Allocation as of March 2015 Return Vs Benchmark since inception

Benchmark: KMI-30 Index 33.64% 35.09%

Fund Details Fund Rating Fund Size As of March 2016 3 Star by PACRA Over 246 millions PIML IEF Vs Peer Group (AR) March 2016

Returns Returns As of March 2016 Absolute Returns 7.28% Benchmark 8.30% Peer Group Average 5.81% Standard Deviation 16.08% Sharpe Ratio

• 0.12

25

Equity Securities 89.00% Cash at Bank 7.10%

Others including recievables (NR) 3.90%

• 5%

0% 5% 10% 15% 20% 25% 30% 35% 40% PIEF Benchmark 2.26% 7.28% 0.53% 0.66% 6.52% 2.25% 4.03%

• 1.85%

20.81% 1.12% 5.81% 0.76% 1.36% 6.21% 0.79% 2.43%

• 2.56%

14.62%

• 5%

0% 5% 10% 15% 20% 25% * YTD MTD 1 Day 15 Days 30 Days 90 Days 180 Days 270 Days 365 Days PIML IEF Industry

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

* approximate MTD return

26

Islamic Equity

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

Al Ameen Shariah Stock Fund MFR 4-Star 7.48% -2.18% 4.91% 4.91% -4.87% 4.91% -5.91% -0.83% 3.63% 6.18%

• 3.10%

8.27%

8 6

JS Islamic Fund MFR 5-Star 7.66% -5.22% 4.56% 4.56% -5.65% 5.98% -6.10% -4.32% 2.96% 5.55%

• 1.15% 12.91%

8 6

NAFA Islamic Stock Fund

• 7.60% -2.20% -3.51% 3.87% -6.09% 2.12% 1.58%

1.63% 6.16% 4.32%

• 1.70% 12.98%

7 6

PICIC Islamic Stock Fund MFR 3-Star 7.01% -2.85% 5.27% 5.27% -5.92% 5.69% 1.69% -1.31% 3.60% 4.60%

• 1.70% 13.24%

9 5

Meezan Islamic Fund MFR 2-Star 7.34% -2.68% -2.00% 4.00% -4.55% 6.57% -5.62% -1.91% 7.66% -2.52% -3.00% 15.54%

7 4

Al Meezan Mutual Fund MFR 2-Star 8.31% -2.68% -2.00% 3.00% -4.93% 6.47% -5.45% -2.19% 4.00% -2.87% -3.00% 12.42%

5 4

Atlas Islamic Stock Fund MFR 3-Star 6.95% -2.39% 3.93% 3.93% -6.03% 5.53% -6.45% -4.58% 3.31% 5.26%

• 3.51% 15.91%

6 2

HBL Islamic Stock Fund MFR 1-Star 0.00% -5.23% 2.80% 2.80% -6.40% 5.06% 1.25% -1.36% 1.30% 4.35%

• 2.70%

9.75%

4 1

PIML Islamic Equity Fund MFR 3-Star 7.28% -2.76% -0.16% 1.87% -6.08% 5.26% -5.42% -0.17% 1.87% 5.18%

• 1.74%

5.88%

4 1

ABL Islamic Stock Fund MFR 4-Star 5.65% -2.18% -2.74% 1.38% -5.39%

5.15% -4.56% -2.33% 3.39% 3.93%

• 2.80%

0.00%

3 1

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

• 0.16% -2.76% 7.28%

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 9 Years negative out of 38 years 27

21% 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% 28%

• 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 1 Year 5 Years 2 Year

1 Year

1 Year

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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%

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www.primusinvestments.com Ahmed Ateeq Chief Executive Officer Cell No. 0321-2010331 Direct. 021-35290005 Board 37130165 Ext 201 ceo@primusinvestments.com Rida Jiwani Chief Strategy Officer Cell No. 0323-2755120 Direct. 021-35877091 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 Haroon Masih Regional Manager – SME & Retail Cell No. 0346-8202104 Board. 37130165 Ext 224 haroon@primusinvestments.com

YOU CAN CONTACT US

www.primusinvestments.com

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PRIMUS INVESTMENT MANAGEMENT LIMITED

A Wholly Owned Subsidiary of

Pak Brunei Investment Company Ltd.

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

www.primusinvestments.com

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Thank You

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