MUFAPMutual Funds Association of Pakistan

PKR 531,181 million PKR 142,890 million

Total assets as at May 2019 Highest assets in the Money Market category as at May 2019

9.58 % Return on Shariah Compliant Income PKR 363 million

Highest return for the month of May 2019 Total Net sales for the month of May 2019

May 2019 can be characterized by a tale of two halves for the local bourse. The benchmark KSE 100 Index fell sharply by 6.8% during the first half of the month as fears

of stringent conditions associated with the bailout package from the IMF with its implications for economic growth and corporate profitability gripped the market.

However, the market bucked the trend and a handsome gain of 4.9% was witnessed in the latter half of the month. We attribute this recovery to the announcement of

reactivation of market support fund that perked up investors' interest in the market. Shrugging off overblown concerns on the tough conditionalities associated with

the bailout package from the IMF, smart money poured into the beaten down part of market as indiscriminate panic selling sent the Price-to-Earnings to a screaming

6.3 times forward earnings. In the process, the market made a new low of recent correction of 33,167 points on May 17th 2019. Overall, during the month, the Index lost

810 points (2.2%) to finish the month at 35,975 points.

Industry Size - Assets under Management

Category wise Unit Holder Pattern

Asset Allocation

Highlights

Overview

MONTHLY FACT SHEET - OPEN END FUNDS MAY 31, 2019

36%5%

3%

5%0%

39%1%

5%

0%

3%

11%

Cash Banks & DFIs

NBFCs Reverse Repos Against Govt Securities

Reverse Repos Against All other Securities TFCs

Government Backed/Guaranteed Securities Equities

PIBs TBILLs

Commercial Papers Spread Transactions

CFS/ Margin Financing Others Including Receivables

0%

0%

27%

10%

8%

6%

2%

9% 23%

1%

0% 0%

1%6% 3%

2%0%0%0%0%0%0%

6%

Capital Protected Capital Protected - IncomeMoney Market IncomeShariah Compliant Income Shariah Compliant Fund of FundsShariah Compliant Fund of Funds - CPPI Shariah Compliant EquityEquity Aggressive Fixed IncomeIndex Tracker Shariah Compliant Index TrackerShariah Compliant Balanced Fund Shariah Compliant Money MarketShariah Compliant Asset Allocation Asset AllocationCommodities Balanced

0

50000

100000

150000

200000

250000

300000

Open EndMay'19

Open EndApr'19

38%

11%

35%

9%

2%

5%

16%

Individuals

Banking and FIs

Others

Retirement funds

Porvident fund

Gratuity fund

Pension fund

Monthly Fact Sheet - May 2019 Page 1 of Pages 4

Category May'19 Apr'19

Money Market 9.46% 9.87%

Income 6.05% 10.27%

Equity -9.10% -10.20%

Capital Protected 0.17% -0.01%

Capital Protected - Income -14.91% 14.64%

Fund of Funds - CPPI 0.06% -0.30%

Aggressive Fixed Income 6.47% 10.57%

Balanced -1.14% -3.25%

Asset Allocation -0.74% -2.94%

Fund of Funds -0.15% -1.37%

Index Tracker 0.00% -4.88%

Shariah Compliant Money Market 9.43% 9.45%

Shariah Compliant Income 9.58% 9.38%

Shariah Compliant Equity -3.43% -7.44%

Shariah Compliant Capital Protected Fund 0.34% -1.13%

Shariah Compliant Fund of Funds - CPPI 0.49% -0.59%

Shariah Compliant Aggressive Fixed Income 9.46% 9.87%

Shariah Compliant Balanced Fund -1.06% -4.03%

Shariah Compliant Asset Allocation -0.70% -3.32%

Shariah Compliant Fund of Funds -0.73% -2.60%

Shariah Compliant Index Tracker -5.40% -6.60%

Shariah Compliant Commodities 4.16% -0.66%

* Based on weighted average return of industry

NOTE:

The information pertaining to this MFS for the month of May 2019 does not reflect the complete industry picture as it does not include data from

AKDIML, JSIL and MCBAH as the data was not received from them till the date of this publication.

Please note that the figures of investors breakup and channel wise breakup may vary due to different reporting mechanism by channels to AMC.

Return (Monthly - %) *

Net Sales (PKR Millions)

2439.161852

-2246.656408

562.0852181

11.97462737429.6822495

-833.9161417

-3000

-2000

-1000

0

1000

2000

3000

Individuals Banking andFIs

Porvidentfund

Gratuityfund

Pensionfund

Others

INVESTORS BREAKUP

8669.482433

-1080.30371

-5961.345086

-2301.567615

-49.75881733

-8000

-6000

-4000

-2000

0

2000

4000

6000

8000

10000

Direct sales Through RSP -Individuals

Through RSP -Coporates

Banks -Commercial /

Scheduled

Others

CHANNEL WISE

Monthly Fact Sheet - May 2019 Page 2 of Pages 4

MUFAPMutual Funds Association of Pakistan

PKR 24,639 million PKR 7,783 million

Total assets as at May 2019 Highest assets in the Shariah Equity sub fund category of funds as at May 2019

8.49 % Return on Debt sub fund PKR 122 million

Highest return for the month of May 2019 Total Net sales for the month of May 2019

May 2019 can be characterized by a tale of two halves for the local bourse. The benchmark KSE 100 Index fell sharply by 6.8% during the first half of the month as fears

of stringent conditions associated with the bailout package from the IMF with its implications for economic growth and corporate profitability gripped the market.

However, the market bucked the trend and a handsome gain of 4.9% was witnessed in the latter half of the month. We attribute this recovery to the announcement of

reactivation of market support fund that perked up investors' interest in the market. Shrugging off overblown concerns on the tough conditionalities associated with

the bailout package from the IMF, smart money poured into the beaten down part of market as indiscriminate panic selling sent the Price-to-Earnings to a screaming

6.3 times forward earnings. In the process, the market made a new low of recent correction of 33,167 points on May 17th 2019. Overall, during the month, the Index lost

810 points (2.2%) to finish the month at 35,975 points.

Asset Allocation

Industry Size - Assets under Management

Category wise Unit Holder Pattern

Highlights

Overview

MONTHLY FACT SHEET - PENSION FUNDSMAY 31, 2019

28%

6%

5%

43%

1%7%

1%2%

Cash Banks & DFIs

NBFCs Reverse Repos Against Govt Securities

Reverse Repos Against All other Securities TFCs

Government Backed/Guaranteed Securities Equities

PIBs TBILLs

Commercial Papers Spread Transactions

CFS/ Margin Financing Others Including Receivables

10%

14%

10%

0%

19%

32%

15%

0%

47%

General Pension FundDebt

General Pension FundEquity

General Pension FundMoney Market

General Pension FundCommodity

Islamic Pension FundsDebt

Islamic Pension FundsEquity

Islamic Pension FundsMoney Market

Islamic Pension FundsCommodity

0

2000

4000

6000

8000

10000

12000

Pension FundMay'19

Pension FundApr'19

93%

5% 2%0%

Individuals

Banking and FIs

Others

Retirement funds

Porvident fund

Gratuity fund

Pension fund

Monthly Fact Sheet - May 2019 Page 3 of Pages 4

Pension Funds May'19 Apr'19

General Pension Fund 14.38% 18.29%

Islamic Pension Fund 17.66% 11.53%

* Based on weighted average return of industry

NOTE:

The information pertaining to this MFS for the month of May 2019 does not reflect the complete industry picture as it does not include data from

AKDIML, JSIL and MCBAH as the data was not received from them till the date of this publication.

Please note that the figures of investors breakup and channel wise breakup may vary due to different reporting mechanism by channels to AMC.

Return (Monthly - %) *

Net Sales (PKR Millions)

116.2967155

0 0 0 0 00

20

40

60

80

100

120

140

Individuals Banking andFIs

Porvidentfund

Gratuityfund

Pensionfund

Others

INVESTORS BREAKUP

49.27506947 51.44227559

0.33293161

11.39566461

-0.06722481-10

0

10

20

30

40

50

60

Direct sales Through RSP -Individuals

Through RSP -Coporates

Banks -Commercial /

Scheduled

Others

CHANNEL WISE

Monthly Fact Sheet - May 2019 Page 4 of Pages 4