Portfolio PresENTATION

Investment PortfolioInvestment Portfolio (Sir Hamza)(Sir Hamza)

Mubashar sharifMubashar sharif(2008-ag-152)(2008-ag-152)

umer shahzadumer shahzad(2008-ag-204)(2008-ag-204)

UNIVERSITY OF AGRICULTURE UNIVERSITY OF AGRICULTURE FAISALABADFAISALABAD

PAKISTANPAKISTAN

Company NameCompany Name

Arif Habib Mutual FundArif Habib Mutual Fund

Company ProfileCompany Profile

Arif Habib Investments Limited is an Arif Habib Investments Limited is an Asset Management Company managing Asset Management Company managing both open and closed-end mutual funds.both open and closed-end mutual funds.

The company is registered with the The company is registered with the (SECP) and regulated under the (NBFC) (SECP) and regulated under the (NBFC) Rules 2003.Rules 2003.


Arif Habib Investments Limited manages about Arif Habib Investments Limited manages about Rs. 12.137 billionRs. 12.137 billion in 12 mutual funds in 12 mutual funds as of 30th as of 30th

April 2009April 2009. .

Arif Habib Securities Ltd (the parent company) Arif Habib Securities Ltd (the parent company) has received the KSE's Top 25 Companies has received the KSE's Top 25 Companies Award for the past 6 consecutive years. Arif Award for the past 6 consecutive years. Arif Habib’s closed-end fund the Pakistan Premier Habib’s closed-end fund the Pakistan Premier Fund Limited (PPFL) was also placed in KSE’s Fund Limited (PPFL) was also placed in KSE’s top 25 companies in 2005 and 2006. top 25 companies in 2005 and 2006.


Arif Habib Investments Limited is an industry Arif Habib Investments Limited is an industry leader, setting international standards and leader, setting international standards and bringing innovative products to market. This is bringing innovative products to market. This is one of the fastest growing asset management one of the fastest growing asset management companies in the country, with 9 open-end and 3 companies in the country, with 9 open-end and 3 closed-end mutual funds.closed-end mutual funds.Arif Habib Investments Limited is part of the Arif Arif Habib Investments Limited is part of the Arif Habib Group, with Arif Habib Securities Limited Habib Group, with Arif Habib Securities Limited (AHSL) as its main shareholder. AHSL is a (AHSL) as its main shareholder. AHSL is a listed company with a capital and reserve base listed company with a capital and reserve base in excess of in excess of Rs. 15.008 billionRs. 15.008 billion (as of 31(as of 31stst

December 2008).December 2008).


The current Ratings of AHIL by PACRA are:The current Ratings of AHIL by PACRA are:

Entity Rating: A+ Entity Rating: A+

Asset Manager Rating: AM2 Asset Manager Rating: AM2

Milestones of AHILMilestones of AHIL

In March 2002 two of its flagship funds: PSM In March 2002 two of its flagship funds: PSM and PIF were launched. In 2004 these funds and PIF were launched. In 2004 these funds received the ‘Performance Excellence Award-received the ‘Performance Excellence Award-2004’ presented by “MUFAP”. 2004’ presented by “MUFAP”.

Pakistan International Element Islamic Fund Pakistan International Element Islamic Fund (PIIF) of Arif Habib Investments Limited is the (PIIF) of Arif Habib Investments Limited is the first mutual fund in the country with permission first mutual fund in the country with permission from the State Bank of Pakistan to also invest from the State Bank of Pakistan to also invest overseas.overseas.

Types of Mutual FundTypes of Mutual Fund

Open- Ended FundOpen- Ended FundClose-Ended FundClose-Ended Fund

Open Ended Fund :Open Ended Fund : An open-ended fund An open-ended fund

operated by an investment company which operated by an investment company which raises money from shareholders and raises money from shareholders and invests in a group of assets, in accordance invests in a group of assets, in accordance with a stated set of objectives. with a stated set of objectives.

Investors may purchase units from the fund Investors may purchase units from the fund sponsor or redeem units at the valuation sponsor or redeem units at the valuation promised in the fund documents, usually on a promised in the fund documents, usually on a daily basisdaily basis..

Closed Ended Fund :Closed Ended Fund :

"Closed-ended or "Closed" "Closed-ended or "Closed" mutual funds are traded as financial securities, mutual funds are traded as financial securities, once they are issued, and holders must sell their once they are issued, and holders must sell their units on the stock market to receive their funds units on the stock market to receive their funds back. (Traded on Stock markets)back. (Traded on Stock markets)

Mutual Fund of AHIL.Mutual Fund of AHIL.

Open-End Funds :Open-End Funds :

Pak Stock Market FundPak Stock Market Fund Pak Int. Element Islamic fundPak Int. Element Islamic fund Pak Income FundPak Income Fund Pak Capital Market FundPak Capital Market Fund Metro bank-Sovereign FundMetro bank-Sovereign Fund Pak Pension FundPak Pension Fund

Mutual Fund of AHIL.Mutual Fund of AHIL.

Pak Islamic Pension FundPak Islamic Pension Fund Pak Cash Management FundPak Cash Management Fund Pak Income Enhancement FundPak Income Enhancement Fund

Close-End Funds :Close-End Funds : Pak Premier Fund Ltd.Pak Premier Fund Ltd.Pak Strategic Allocation FundPak Strategic Allocation Fund Pak Capital Protected Fund-1Pak Capital Protected Fund-1

FUNDFUND//COMAPNYCOMAPNY TRUSTEETRUSTEE

PSM , PIIF , PIF , PCM , PSM , PIIF , PIF , PCM , PSAF PSAF

Central Depository Central Depository Company of Pakistan Company of Pakistan Limited (CDC) Limited (CDC)

MSF MSF Habib Metropolitan Bank Habib Metropolitan Bank Limited Limited

PCPF-1 , PPF , PIPF PCPF-1 , PPF , PIPF Muslim Commercial Muslim Commercial Financial Services (Pvt.) Financial Services (Pvt.) Limited Limited

PPFL PPFL Deutsche Bank AG. Deutsche Bank AG.

Pakistan Stock Market FundPakistan Stock Market Fund

Open ended Funds

Pakistan Stock Market Fund Pakistan Stock Market Fund (PSM)(PSM)

PSM is an open-end equity fund; investing in PSM is an open-end equity fund; investing in both growth and value stocks listed in Pakistan. both growth and value stocks listed in Pakistan.

The Fund seeks to achieve long-term capital The Fund seeks to achieve long-term capital appreciation primarily from growth stocks.appreciation primarily from growth stocks.

Investment allocation between growth and value Investment allocation between growth and value stocks, the proportions are approximately 70/30 stocks, the proportions are approximately 70/30 respectively. respectively.

The majority 70% growth segment of the The majority 70% growth segment of the portfolio is a selection of the most heavily traded portfolio is a selection of the most heavily traded stocks in the market. The remainder of the PSM stocks in the market. The remainder of the PSM is invested in ‘Value’.is invested in ‘Value’.

Fund Info.Fund Info.

Date of Inception Date of Inception 11th March, 2002. 11th March, 2002. Fund Type Fund Type Open-end Equity Open-end Equity Minimum investment Minimum investment Rs. 5,000 Rs. 5,000 Fund Manager Fund Manager Nazia Nauman Nazia Nauman Initial Public Offer Initial Public Offer PKR 50.00 PKR 50.00 Registrar Registrar Gangjees Registrar Gangjees Registrar

Services (Pvt.) Ltd.Services (Pvt.) Ltd.Trustee Trustee (CDC) (CDC) Auditors Auditors A.F. Ferguson A.F. Ferguson

Fund CharacteristicFund CharacteristicPSMPSM KSE-100KSE-100

Price Earning-2009Price Earning-2009 7.257.25 7.507.50

Beta XBeta X 0.770.77 1.001.00

Standard DeviationStandard Deviation 21.7821.78 26.9726.97

Net Asset/MKT cap. Net Asset/MKT cap. (Rs.bn)(Rs.bn)

1.811.81 2145.962145.96

NAV Rs.pu/KSE-100NAV Rs.pu/KSE-100 46.2846.28 7202.107202.10

Fund Returns (%)Fund Returns (%)

PSMPSM KSE-100KSE-100 BMBM

Month On MonthMonth On Month 3.533.53 4.984.98 2.612.61

Quarter on QuarterQuarter on Quarter 28.3128.31 33.9333.93 32.5632.56

Since InceptionSince Inception 416.35416.35 284.58284.58 --

Fund ObjectiveFund Objective

The objective of the fund is provide investors long term The objective of the fund is provide investors long term capital appreciation from its investment in Pakistan capital appreciation from its investment in Pakistan equity.equity.

Performance GraphPerformance Graph

PSM Overall Asset Allocation PSM Overall Asset Allocation (April, 09) (April, 09)

Top five HoldingsTop five Holdings

FFC. Co. LtdFFC. Co. Ltd 9.6%9.6%

Oil & Gas Co.Oil & Gas Co. 8.1%8.1%

Packages Ltd.Packages Ltd. 6.2%6.2%

UBLUBL 4.8%4.8%

Pak. tel. Co. LtdPak. tel. Co. Ltd 3.9%3.9%

Fee ScheduleFee Schedule

Management fee: 2.00% per annum Management fee: 2.00% per annum Front-end load: Up to 2%,Front-end load: Up to 2%,

Financial YearFinancial Year Expense RatioExpense Ratio 2001-02 2001-02 5.5 % 5.5 % 2002-03 2002-03 3.5 3.5 2003-04 2003-04 4.8 4.8 2004-05 2004-05 3.84 3.84 2005-06 2005-06 4.05 4.05 2006-07 2006-07 3.27 3.27 2007-08 2007-08 2.64 2.64

PSM AssetsPSM AssetsFinancial YearFinancial Year PMS AssetsPMS Assets

(PKR.Million)(PKR.Million)

Funds under MgtFunds under Mgt(PKR.Million)(PKR.Million)

2001-022001-02 322.97322.97 633633

2002-032002-03 783.99783.99 3372.593372.59

2003-042003-04 1051.641051.64 8211.858211.85

2004-052004-05 2712.982712.98 14453.2514453.25

2005-062005-06 3617.733617.73 19709.0119709.01

2006-072006-07 3245.583245.58 23184.3423184.34

2007-082007-08 3350.623350.62 18426.7318426.73

Dividend HistoryDividend History

Financial YearFinancial Year % of Face Value% of Face Value Payout /unit (Rs.)Payout /unit (Rs.) FormForm

2007-08 2007-08 20.22 17 Bonus 20.22 17 Bonus

2006-07 2006-07 50 25 Bonus 50 25 Bonus

2005-06 2005-06 60 30 Bonus 60 30 Bonus

2004-052004-05 50 25 Bonus 50 25 Bonus

2004-052004-05 20 10 Cash 20 10 Cash

2003-04 2003-04 60 30 Bonus 60 30 Bonus

2002-03 2002-03 40 20 Bonus 40 20 Bonus

2001-02 2001-02 2.69 1.35 2.69 1.35

BonusBonus

Pakistan Pension Fund (Open End)Pakistan Pension Fund (Open End)

Pakistan Pension Fund (PPF)Pakistan Pension Fund (PPF)

PPF constituted under the voluntary pension PPF constituted under the voluntary pension system Rules 2005 is a savings cum – system Rules 2005 is a savings cum – investment scheme with customized investment investment scheme with customized investment choices.choices.

The investor has a choice between various The investor has a choice between various allocation schemes, that PPF offers each of allocation schemes, that PPF offers each of which is invested in different proportion in the which is invested in different proportion in the three sub funds i. e. Equity; Debt and Money three sub funds i. e. Equity; Debt and Money market.market.


Date of Inception Date of Inception 29 June, 2007.29 June, 2007. Fund Type Fund Type Voluntary Pension Voluntary Pension SchemeScheme

Minimum investment Minimum investment Rs. 1,000 Rs. 1,000 Fund Manager Fund Manager Usman Mehmood Usman Mehmood Initial Public Offer Initial Public Offer PKR 100PKR 100Registrar Registrar Gangjees Registrar Gangjees Registrar

Services (Pvt.) Ltd.Services (Pvt.) Ltd.Trustee Trustee Muslim Commercial Muslim Commercial Financial Service Financial Service Auditors Auditors A.F. Ferguson & Co.A.F. Ferguson & Co.

Fund CharacteristicFund Characteristic

PPF-EquityPPF-Equity KSE-100KSE-100

Price EarningPrice Earning 6.196.19 7.507.50

Beta XBeta X 0.810.81 1.001.00

Standard DeviationStandard Deviation 23.9623.96 28.4228.42

Fund ObjectiveFund Objective

The objective of the fund is provide flexible retirement The objective of the fund is provide flexible retirement saving plans for individuals with customized investment saving plans for individuals with customized investment choices.choices.


PPF-EQPPF-EQ PPF-DTPPF-DT PPF-MMPPF-MM

Month On Month Month On Month (%)(%)

6.206.20 20.6420.64 3.383.38

Quarter on QuarterQuarter on Quarter 31.6831.68 32.7332.73 4.004.00

Since InceptionSince Inception -37.48-37.48 4.174.17 7.187.18

NAV (Rs. Per Unit)NAV (Rs. Per Unit) 62.5262.52 107.79107.79 113.58113.58


Top Five HoldingsTop Five Holdings

UBL.UBL. 5.5%5.5%

Oil & Gas Co.Oil & Gas Co. 5.3%5.3%

FFC. Ltd.FFC. Ltd. 5.1%5.1%

ABL.ABL. 5.1%5.1%

Pak. Petroleum Pak. Petroleum Ltd. Ltd.

4.9%4.9%


Management fee: 1.5% per annum Management fee: 1.5% per annum Front-end load: Up to 3% of NAV.Front-end load: Up to 3% of NAV.

Financial YearFinancial Year Expense RatioExpense Ratio

2007-08 2007-08 2.39% 2.39%

PPF AssetsPPF AssetsFinancial YearFinancial Year PPF AssetsPPF Assets



2007-082007-08 PPF-EQ 32.026PPF-EQ 32.026 18426.7518426.75

2007-082007-08 PPF-DT 35.29PPF-DT 35.29 18426.7518426.75

2007-082007-08 PPF-MM 33.71PPF-MM 33.71 18426.7518426.75

Pakistan Premier FundPakistan Premier Fund

Close ended Funds

Pakistan Premier Fund Ltd. Pakistan Premier Fund Ltd. (PPFL)(PPFL)

PPFL mainly investing in both value and growth PPFL mainly investing in both value and growth stocks in Pakistan. stocks in Pakistan.

The shares of the Fund are traded on the stock The shares of the Fund are traded on the stock exchanges.exchanges.

Fund Manager does not have the responsibility Fund Manager does not have the responsibility to accept investments and redemptions.to accept investments and redemptions.

The Fund seeks to achieve long-term capital The Fund seeks to achieve long-term capital appreciation primarily through value stocks. appreciation primarily through value stocks.

The Fund invests mainly in equity and a small The Fund invests mainly in equity and a small portion in debt securities such as TFCs.portion in debt securities such as TFCs.


Date of Inception Date of Inception 1st Jan, 2003. 1st Jan, 2003.

Fund Type CloseFund Type Close-end Equity -end Equity

Fund Manager Fund Manager Basharat Ullah Basharat Ullah

Initial Public Offer Initial Public Offer PKR 10.00 PKR 10.00

Registrar Registrar THK Associate THK Associate

(Pvt.) Ltd.(Pvt.) Ltd.

Custodian Custodian Deutsche Bank AG.Deutsche Bank AG.

Auditors Auditors A.F. Ferguson A.F. Ferguson


PPFLPPFL

Month On MonthMonth On Month 1.541.54

Quarter on QuarterQuarter on Quarter 22.6422.64

Since InceptionSince Inception 156.46156.46


Overall Asset AllocationOverall Asset Allocation


Management fee: 2.00% per annum Management fee: 2.00% per annum


2002-03 2002-03 2.60 % 2.60 %

2003-042003-04 3.10 3.10

2004-052004-05 3.04 3.04

2005-062005-06 2.91 2.91

2006-072006-07 2.29 2.29

2007-082007-08 2.46 2.46

PPFL AssetsPPFL AssetsFinancial YearFinancial Year PPFL AssetsPPFL Assets



2002-032002-03 650.931650.931 3372.5923372.592

2003-042003-04 1221.9191221.919 8211.8528211.852

2004-052004-05 2207.1332207.133 14453.24914453.249

2005-062005-06 2576.5072576.507 19709.01119709.011

2006-072006-07 2910.0822910.082 23184.34423184.344

2007-082007-08 2414.9162414.916 18426.73318426.733



2007-08 2007-08 15 1.50 Cash 15 1.50 Cash

2006-07 2006-07 15 1.50 Bonus 15 1.50 Bonus

2006-07 2006-07 25 2.50 Cash 25 2.50 Cash

2005-062005-06 25 2.50 Cash 25 2.50 Cash

2005-062005-06 15 1.50 Cash 15 1.50 Cash

2004-05 2004-05 25 2.50 Bonus 25 2.50 Bonus

2004-05 2004-05 15 1.5 Cash 15 1.5 Cash

2003-04 2003-04 50 6.00 Cash50 6.00 Cash

2003-042003-04 2525 2.502.50 BonusBonus

Pakistan Capital Protected Fund Pakistan Capital Protected Fund

Pakistan Pension Fund (PPF)Pakistan Pension Fund (PPF)

PCPF-1 is a closed-end fund with a minimum PCPF-1 is a closed-end fund with a minimum capital of Rs. 200 million with an upper limit of capital of Rs. 200 million with an upper limit of Rs. 3 billion.Rs. 3 billion.

Objective :Objective : PCPF-1 has an objective to pay back investors PCPF-1 has an objective to pay back investors

their entire initial investment i.e. Rs. 10 per their entire initial investment i.e. Rs. 10 per Certificate over the term of its life the in the form Certificate over the term of its life the in the form of dividend or return of capital on its termination.of dividend or return of capital on its termination.

Investment Risk Investment Risk

An investor who invests in this fund and An investor who invests in this fund and holds it till maturity (three years), is holds it till maturity (three years), is guaranteed a minimum of 100% of his/her guaranteed a minimum of 100% of his/her investment amount, returned to him/her.investment amount, returned to him/her.


Date of Inception Date of Inception 27 July, 2007.27 July, 2007. Fund Type Fund Type Closed-end DebtClosed-end Debt Minimum investment Minimum investment Rs. 5,000 Rs. 5,000 Fund Manager Fund Manager M.Zafar Rehman M.Zafar Rehman Initial Public Offer Initial Public Offer PKR 10PKR 10Registrar Registrar THK Associate THK Associate (Pvt.) Ltd. (Pvt.) Ltd.

Trustee Trustee Deutsche Bank AG Deutsche Bank AG Auditors Auditors Ford Rhodes Sidat Co.Ford Rhodes Sidat Co.


PCPF-1PCPF-1

Month On Month Month On Month (%)(%)

0.570.57

Quarter on QuarterQuarter on Quarter 1.741.74

Since InceptionSince Inception -5.86-5.86


Asset AllocationAsset Allocation


Management fee: 2% per annum Management fee: 2% per annum


2007-08 2007-08 3.73% 3.73%

PCPF-1 AssetsPCPF-1 Assets

Financial YearFinancial Year PCPF-1 AssetsPCPF-1 Assets(PKR.Million)(PKR.Million)


2007-082007-08 589.367589.367 18426.7318426.73



2007-08 2007-08 6.6 0.66 Bonus 6.6 0.66 Bonus

Documents

Portfolio PresENTATION