7/27/2019 FMR_JS_GF_SEP_2013
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Performance data and analytics MUFAP Recommended Format
Sep-13Investment philosophyThe main objective of JSGF is to enable
the Certificate Holders to participate in a
diversified portfolio of high quality equity securities listed
on the stock exchangesand to maximize the investment return, by
prudent investment management.
Key information
Fund type Open endCategory Equity Scheme
Fund launch date 06 June, 2006
Net Assets (PKR mn) 3,672.33
NAV (PKR) 128.63
Benchmark KSE30 Index
Management fee 2.00% (Exclusive of Sindh Sales Tax)
Front-end Load 3% of NAV (Applicable to Class "A")
Back-end Load 20% of NAV (Applicable to Class "B")
Pricing mechanism Forward
Trustee MCB Financial Services Ltd
Dealing Days & Cut-off time (Monday to Friday) 3:00 p.m.
Auditor Ernst & Young Ford Rhodes Sidat Hyder & Co.
Risk profile High
Listing KSE, LSE & ISELeverage NIL
AMC Rating AM2- (By JCR-VIS)
Performance (%) Cumulative return11M 1Y 2Y 3Y Launch
Fund 0.45 47.39 91.26 128.59 61.85
Benchmark -3.88 27.25 47.76 71.39 36.13
Difference 4.33 20.14 43.50 57.20 25.72
Monthly performance (%)FY14 FY13 FY12 FY11 FY10
Jul 11.41 3.80 -1.13 6.80 7.80
Aug -8.85 5.36 -5.05 -7.98 9.99
Sep 0.45 -0.71 5.12 2.96 7.41Oct 2.34 -3.31 2.45 -0.95
Nov 6.32 -3.28 6.24 -1.48
Dec 1.24 -3.95 9.50 0.44
Jan 2.12 8.93 1.43 -0.62
Feb 7.11 9.60 -6.08 -2.13
Mar 2.25 6.89 8.54 1.15
Apr 3.00 2.49 -0.09 -0.19
May 14.87 2.07 1.98 -12.65
Jun -0.87 -0.35 -3.54 -0.54
YTD 2.01 56.91 17.92 22.56 6.51
Benchmark 2.30 35.95 2.90 21.24 26.22
Difference -0.29 20.96 15.02 1.32 -19.71
Fund manager's reviewDuring the month of September 2013, JS
Growth Fund delivered a return of
0.45% as compared to its benchmarks return of -3.88%, thereby
outperformingit by 4.33%.
Asset allocation (%)Sep-13 Aug-13
Cash 27.00 21.33
Equity 71.97 75.59
Other including receivables 1.03 3.08
Total 100.00 100.00
Equity sector breakdown (%)Sep-13 Aug-13
Oil & Gas 12.40 18.37
Non Life Insurance 11.71 9.93
Fixed Line Telecommunication 8.42 7.65
Food Producers 7.66 5.76
Banks 7.60 9.96
Others 24.19 23.91
Total 71.97 75.59
Top holding (%age of total assets)Adamjee Insurance Co. Ltd.
8.63
Pakistan Telecommunication Co. Ltd. 8.42
Bank Alfalah Ltd. 7.60
Nishat Mills Ltd. 7.31
Pakistan State Oil Co. Ltd. 7.25
Packages Ltd. 6.38
Rafhan Maize Products Ltd. 5.50
Pak Suzuki Motor Co. Ltd. 4.50
D. G. Khan Cement Co. Ltd. 3.55
IGI Insurance Ltd. 3.09
Statistical analysisFund Benchmark
Beta 0.8 1.0
Standard Deviation 25.5% 29.8%
Largest Month Gain 18.9% 25.2%
Largest Month Loss -35.2% -45.1%
% Positive Months 59.1% 56.8%
Investment Committee MembersMr. Rashid Mansur - Chief Executive
OfficerMr. Khawar Iqbal - Chief Financial OfficerDr. Ali Akhtar Ali
- CIO / Fund ManagerMs. Maleeha Mimi Bangash - Chief Strategy
OfficerMr. Assad H. Khan - Country Head Business Development
Contact usJS Investments LimitedToll Free: 0800 - 00887E-mail:
[email protected] Website: www.jsil.com
Disclosure for WWF Liability under Circular 17 of 2012The Scheme
has maintained provisions against Worker's Welfare Fundsliability
to the tune of Rs.59,551,562, if the same were not made the NAVper
unit/return of the Scheme would be higher by Rs. 2.09 / 1.6%.
Fordetails investors are advised to read the Note 8 of the latest
FinancialStatements of the Scheme.
1Cumulative return is based as per MUFAP stated methodology.
