SAVE, INVEST & ENJOY...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

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 7 billion in 6 open-end funds. 4 Conventional and 2 ShariahCompliant Funds, year end closing as of 31st April 2016.

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

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

About PRIMUS

2


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

Rating of Asset Management Companies (AMCs) as of April 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+ PACRA

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

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

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Investment Philosophy

Short 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

7


PIML-Daily Reserve Fund

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

April 2016 AA by PACRA Over 626 millions

9.49%

7.31%

Ret

urn

sR

etu

rns

As of April 2016

Annualized Returns 5.32%

Benchmark 5.06%

Peer Group Average 5.16%

Standard Deviation 0.35%

Sharp Ratio 0.03

8

6.1

6%

5.3

2%

3.4

9%

5.3

6%

5.3

7%

5.4

4%

5.9

8%

6.1

0%

6.3

3%

5.5

9%

5.1

6%

5.2

3%

5.1

8%

5.1

5%

5.1

2%

5.2

4%

5.5

2% 6.27%

0%

1%

2%

3%

4%

5%

6%

7%

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

PIML DRF Industry

Cash17.38%

Placements With Banks

12.43%

Placements With Dfis23.30%

Tbills46.04%

Others Including Receivables

0.84%

0%

2%

4%

6%

8%

10%

12%

14%

Jan

-13

Mar

-13

May

-13

Jul-

13

Sep

-13

No

v-1

3

Jan

-14

Mar

-14

May

-14

Jul-

14

Sep

-14

No

v-1

4

Jan

-15

Mar

-15

May

-15

Jul-

15

Sep

-15

No

v-1

5

Jan

-16

Mar

-16

PDRF Benchmark


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

* approximate MTD return

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Money Market

Past 12 month Performance summary (Month wise) 2016 2015

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Name Rating April March February January Decemeber November October September August July June May

Atlas Money Market Fund AA+ 6.09% 5.46% 5.41% 5.74% 5.74% 5.26% 6.09% 6.62% 6.12% 6.54% 8.92% 7.06% 11 9 1

PIML Daily Reserve Fund AA+ 5.32% 5.11% 5.82% 5.96% 5.96% 6.72% 5.41% 6.48% 5.82% 6.31% 5.82% 7.77% 10 7 2

NAFA money Market Fund AA 5.83% 6.45% 6.45% 5.74% 5.74% 5.09% 5.70% 6.56% 5.30% 7.60% 11.30% 6.78% 10 7 2

Pakistan Cash Management Fund AAA 5.55% 5.63% 0.00% 5.79% 5.79% 5.29% 6.01% 5.95% 5.79% 6.09% 13.34% 6.81% 10 7 2

PICIC Cash Fund AA 5.37% 5.22% 0.00% 0.00% 0.00% 5.40% 6.49% 6.36% 5.78% 6.39% 24.48% 7.26% 9 5 3

Atlas Sovereign Liquid Fund AA+ 5.86% 5.08% 5.08% 5.50% 5.50% 5.15% 5.80% 6.45% 5.91% 6.64% 14.22% 6.53% 11 5 1

JS Cash Fund AA+ 5.18% 5.54% 5.47% 5.80% 5.80% 4.59% 5.70% 6.20% 5.72% 5.87% 14.10% 6.65% 9 5 3

MCB Cash Management Optimizer AA 4.89% 4.98% 4.94% 5.73% 5.73% 5.29% 6.13% 6.18% 5.80% 5.94% 11.42% 6.83% 10 3 2

ABL Cash Fund AA 4.99% 5.03% 5.13% 5.25% 5.25% 4.93% 5.91% 5.97% 5.46% 5.75% 16.88% 7.15% 7 3 5

Askari Sovereign Cash Fund AAA 5.45% 4.96% 4.89% 11.78% 5.01% 5.04% 5.55% 6.32% 5.57% 7.07% 10.60% 7.21% 9 3 3

Lakson Money Market Fund AA 5.64% 5.27% 5.37% 4.90% 4.90% 4.78% 5.39% 5.65% 5.32% 5.47% 8.94% 6.28% 3 3 9

BMA Empress Cash Fund AA+ 3.84% 3.64% 4.70% 4.01% 4.01% 3.59% 4.57% 5.65% 5.18% 13.93% 6.45% 6.37% 1 1 11

AKD Cash Fund AA+ 5.00% 4.99% 5.05% 5.07% 5.07% 5.02% 5.29% 5.97% 5.58% 6.03% 6.60% 7.31% 7 1 5

HBL Money Market Fund AA 4.28% 0.00% 4.60% 5.47% 5.47% 4.96% 5.48% 5.70% 5.18% 5.62% 14.26% 6.33% 3 1 9

KASB Cash Fund AA 0.00% 0.00% 0.00% 0.00% 0.00% 6.76% 4.63% 5.61% 5.57% 5.78% 4.95% 6.41% 2 1 10

Alfalah GHP cash Fund AAA 4.71% 4.61% 5.03% 5.65% 5.31% 4.66% 5.44% 5.94% 5.55% 5.55% 10.39% 6.46% 4 0 8

UBL Liquidity Plus Fund AA 4.84% 4.77% 4.80% 5.05% 5.05% 4.82% 5.53% 5.62% 5.16% 5.56% 10.26% 6.86% 1 0 11

UBL Money Market Fund AA 0.00% 4.34% 4.66% 4.93% 4.93% 4.96% 5.17% 5.40% 5.42% 4.81% 5.32% 7.02% 1 0 11

First Habib Cash Fund AA 5.03% 4.97% 4.84% 4.97% 4.97% 4.81% 5.66% 5.81% 5.44% 5.62% 6.36% 6.60% 2 0 10

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

2016 5.96% 5.82% 5.11% 5.32%

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%


PIML-Income Fund

Asset Allocation as of April 2016PIML-IF Vs Peer Group (AAR) April 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 April 2016 A+ by PACRA Over 6,097 millions

13.20%

7.52%

Re

turn

sR

etu

rns

As of April 2016


Benchmark 5.72%



Sharpe Ratio 3.03

10

11

.19

%

5.7

7%

-9.7

9% -5

.43

%

6.0

1%

11

.02

%

9.8

0%

10

.49

%

8.3

8%

7.0

1%

2.0

7%

-0.2

2%

-1.2

1%

2.4

5%

5.4

5%

5.4

5%

6.4

9%

6.4

7%

-15%

-10%

-5%

0%

5%

10%

15%


PIML IF Industry

Cash24.85%

Placements With Banks

16.59%

Tfcs/Sukkuks3.40%

Pibs48.34%

Tbills3.98%

Commercial Papers1.27%


1.57%

0%

2%

4%

6%

8%

10%

12%

14%

16%

Au

g-1

2

Oct

-12

Dec

-12

Feb

-13

Ap

r-1

3

Jun

-13

Au

g-1

3

Oct

-13

Dec

-13

Feb

-14

Ap

r-1

4

Jun

-14

Au

g-1

4

Oct

-14

Dec

-14

Feb

-15

Ap

r-1

5

Jun

-15

Au

g-1

5

Oct

-15

Dec

-15

Feb

-16

Ap

r-1

6

PIF Benchmark


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


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IncomePast 12 month Performance summary (Month wise) 2016 2015

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Name Rating April March February January December November October September August July June May

PIML Income Fund A+ 5.77% 7.88% 18.82% 10.49% 10.49% 0.55% 12.68% 8.71% 13.76% 14.60% -13.74% 3.20% 8 8 3

Askari Sovereign Yield Enhancer AA- 1.17% 5.12% 15.28% 11.78% 8.07% 0.33% 14.83% 9.71% 13.50% 13.61% -11.28% 6.41% 7 6 3

NAFA Income Opportunity Fund A- 4.75% 7.41% 6.59% 7.45% 7.45% 5.61% 8.31% 6.67% 7.27% 11.90% 13.00% 8.48% 9 5 2

Lakson Income Fund A+ 2.94% 5.76% 9.79% 6.59% 6.59% 1.56% 11.08% 6.36% 13.19% 15.47% 10.13% 14.46% 8 4 1

UBL Income Opportunity Fund A+ 0.00% 5.09% 6.58% 8.68% 8.68% 3.95% 1.56% 6.36% 8.44% 4.30% 10.64% 1.46% 4 3 6

ABL Government Securities Fund A+ -1.27% 5.31% 6.76% 9.77% 4.31% 0.57% 11.80% 8.97% 12.75% 9.39% -7.37% 3.01% 4 3 6

PICIC Income Fund A+ 0.13% 6.15% 13.17% 12.51% 6.52% 0.58% 11.25% 29.20% 7.50% 8.17% -3.58% 5.41% 6 3 3

NAFA Income Fund A- 4.68% 7.45% 6.30% 7.82% 7.82% 5.21% 6.21% 8.09% 7.50% 8.30% 4.31% 8.40% 7 3 1

NAFA Financial Sector Income Fund A+ 5.44% 7.19% 6.07% 7.69% 7.69% 3.86% 6.05% 5.82% 6.49% 7.50% 5.90% 12.20% 7 3 4

Pak Oman Government Securities Fund AA -5.07% 8.94% 22.36% 8.39% 2.33% 1.27% 6.49% 10.74% 5.41% 5.44% -4.02% 5.07% 4 3 8

UBL Government Securities Fund A+ 1.19% 7.31% 10.45% 5.31% 5.31% 1.89% 10.34% 8.71% 12.23% 14.79% -8.55% 3.52% 5 2 3

MCB Pakistan Sovereign Fund AA 0.00% 5.26% 6.35% 4.71% 4.71% 1.71% 12.30% 9.46% 11.01% 9.54% 8.33% 5.72% 5 2 4

Pakistan Income Fund A+ 1.79% 5.06% 5.51% 4.92% 4.92% 0.21% 8.45% 6.71% 13.13% 8.13% -3.47% 9.60% 2 2 7

NAFA Government Securities Savings Fund AA- 5.39% 5.58% 5.48% 5.17% 5.17% 3.04% 6.88% 11.46% 5.88% 10.40% 2.20% 7.32% 5 2 4

NAFA Savings Plus Fund AA- 5.64% 6.53% 6.09% 6.80% 6.80% 4.56% 5.68% 6.39% 5.74% 7.30% 7.10% 6.80% 6 2 4

HBL Income Fund A 0.00% 0.00% 5.89% 6.22% 6.22% 1.96% 7.17% 27.81% 9.54% 8.98% 7.13% 6.80% 4 1 3

First Habib Income Fund AA- -2.00% 5.34% 4.50% 6.19% 6.19% -0.46% 9.66% 9.90% 8.56% 12.02% -6.77% 6.68% 3 1 5

Atlas Income Fund A+ 3.05% 6.04% 7.16% 5.88% 5.88% 1.51% 12.23% 9.35% 9.53% 8.47% 2.15% 5.94% 5 1 1

NIT − Income Fund A+ 2.42% 5.72% 6.45% 5.12% 5.12% 4.10% 5.66% 7.33% 5.57% 7.52% -0.48% 6.86% 3 1 6

MCB DCF Income Fund A+ 1.87% 5.33% 5.57% 4.64% 4.64% 1.71% 10.50% 33.85% 8.17% 8.13% 0.53% 6.31% 2 1 4

JS Income Fund A+ 0.89% 5.70% 0.00% 3.76% 6.58% 5.88% 3.30% 3.69% 5.21% 11.50% 1.75% 2.59% 3 1 6

Alfalah GHP Sovereign Fund AA- 1.95% 5.12% 6.92% 6.38% 6.38% 2.67% 9.32% 8.98% 7.94% 7.82% -3.99% 4.59% 4 0 4

ABL Income Fund A+ 0.55% 6.28% 5.92% 7.69% 6.48% 2.34% 8.93% 7.68% 8.84% 9.44% 1.26% 5.32% 4 0 3

NIT − Government Bond Fund AA 1.92% 5.53% 5.57% 4.63% 4.63% 4.02% 5.84% 8.60% 5.17% 6.63% 4.77% 4.77% 2 0 7

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

2016 10.49% 18.82% 7.88% 5.77%

2015 47.10% 15.45% 19.60% 22.22% 3.20% -13.74% 14.60% 13.76% 8.71% 12.68% 0.55%


Shariah Compliant Income Fund Category

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PIML-Islamic Income Fund

Asset Allocation as of April 2016

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


5.65%

5.92%


As of April 2016 A by PACRA Over 176 millions

PIML-IIF Vs Peer Group (AAR) April 2016

Re

turn

sR

etu

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As of April 2016


Benchmark 4.50%



Sharpe Ratio 0.48

13

6.5

4%

5.3

7%

3.4

5%

5.0

7%

5.4

2% 6.6

6%

6.7

1%

6.7

0%

5.4

9%

5.5

4%

4.7

4%

5.4

2%

4.9

9%

4.8

0%

5.6

9%

5.6

2%

5.3

7%

5.8

8%

0%

1%

2%

3%

4%

5%

6%

7%

8%

* YTD MTD 1 Day 15 Days 30 Days 90 Days 180 Days270 Days365 Days

PIML IIF Industry Cash76.21%

Tfcs/Sukkuks19.71%


4.07%

0%

2%

4%

6%

8%

10%

12%

IIF Benchmark


Islamic Income Fund’s Consistency & OutperformancePast 12 months Performance Summary (Month wise)


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Islamic IncomePast 12 month Performance summary (Month wise) 2016 2015

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Meezan Islamic Income Fund A- 3.78% 7.33% 3.57% -2.00% 9.32% 4.95% 8.79% 5.00% 5.51% 7.66% 6.43% 5.90% 9 7

ABL Islamic Income Fund A+ 4.06% 7.34% 5.65% 5.35% 7.16% 4.30% 6.44% 4.57% 6.11% 7.62% 5.58% 7.60% 12 6

NAFA Riba Free Savings Fund A- 5.24% 5.46% 5.33% 6.01% 6.01% 5.10% 4.70% 5.20% 5.20% 6.80% 7.90% 5.70% 10 6

Faysal Islamic Savings Growth Fund AA- 4.86% 8.15% 4.71% 5.67% 5.67% 7.19% 0.11% 4.85% 4.83% 6.59% 6.96% 6.29% 11 6

PIML Islamic Income Fund A+ 5.37% 8.89% 5.54% 9.11% 5.59% 4.51% 3.46% 11.86% 4.47% 5.06% -2.62% 3.01% 7 6

MCB Islamic Income Fund AA 4.45% 6.09% 5.21% 12.00% 12.00% 1.77% 4.71% 3.76% 5.74% 6.62% 3.32% 7.77% 8 5

Meezan Sovereign Fund AA 4.80% 7.00% 1.13% 1.97% 13.46% 4.33% 4.28% 1.12% 5.36% 6.52% 5.85% 7.05% 8 5

Askari Islamic Income Fund AA- 2.13% 6.31% 4.36% 6.67% 6.67% 4.25% 5.66% 6.58% 6.08% 6.37% 1.76% 6.41% 9 4

Atlas Islamic Income Fund A+ 5.14% 7.16% 4.32% 6.00% 6.00% 3.62% 4.61% 3.88% 6.21% 6.19% 5.47% 7.26% 12 4

PICIC Islamic Income Fund A+ 4.80% 5.17% 6.92% 4.55% 3.19% 2.42% 5.37% 4.05% 5.46% 5.79% 11.53% 6.00% 9 4

JS Islamic Government Securities Fund A+ 4.17% 7.64% 3.59% -1.27% 6.75% -5.64% 5.97% -6.10% -4.33% 2.96% 5.55% -1.15% 5 3

Alfalah GHP Islamic Income Fund AA- 1.83% 7.34% 5.65% 4.46% 4.46% 1.34% 4.93% 4.09% 4.37% 4.48% 4.40% 6.64% 7 2

Pak Oman Advantage Islamic Income Fund AA- 3.97% 10.89% 7.21% 4.16% 1.30% 2.87% 2.08% 4.63% 1.62% 3.39% -0.35% 2.50% 5 2

Al Ameen Islamic Sovereign Fund A+ 4.41% 8.25% 3.66% 0.21% 3.06% 4.02% 4.42% 2.87% 5.11% 5.78% 5.35% 6.08% 8 1

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

2016 9.11% 5.54% 8.89% 5.37%

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%


Balanced / Equity & Asset Allocation Category

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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

46.72%

40.61%


As of April 2016 4 Star PACRA Over 325 millions

PIML-SMAF Vs Peer Group (AR) April 2016

Re

turn

sR

etu

rns

As of April 2016

Absolute Returns 1.39%

Benchmark 3.46%



Sharpe Ratio 0.01

16

4.3

8%

1.3

9%

-0.2

8%

-0.2

4% 1

.80

%

5.0

1%

2.8

9%

1.7

3%

6.6

7%

2.9

6%

2.1

8%

-0.1

2%

1.0

4%

3.0

1%

3.0

4%

-0.6

0%

-0.1

1%

4.1

7%

-1%0%1%2%3%4%5%6%7%8%


PIML SMAF Industry

Cash9.43%

Stocks / Equities68.01%

Pibs3.84%

Tbills15.12%


3.59%

-10%

0%

10%

20%

30%

40%

50%

PSMAF Benchmark


Balanced Fund’s Consistency & OutperformancePast 12 months Performance Summary (Month wise)


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Balanced Fund

Past 12 month Performance summary (Month wise) 2016 2015

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Name Ranking April March February January December November October September August July June May

NAFA Multi Asset Fund MFR 4-Star 3.68% 3.99% -1.15% 1.86% 1.86% -3.80% 3.20% -3.70% -1.20% 2.40% 2.90% -1.70% 12 10

Unit Trust of Pakistan MFR 4-Star 2.25% 2.47% 0.00% 0.99% 2.10% -2.36% 5.66% -4.24% -0.90% 2.89% 1.35% -2.10% 12 10

Pakistan Capital Market Fund MFR 2-Star 0.00% 3.41% -1.68% 1.67% 1.67% -3.33% 4.48% -5.37% -0.75% 1.42% 2.40% -0.60% 12 9

Primus Strategic Multi Asset Fund MFR 4-Star 1.39% 5.14% -1.50% 0.02% 2.44% -4.37% 4.20% -4.54% -0.07% 2.05% 3.94% -1.69% 12 9

HBL Multi Asset Fund MFR 1-Star 2.28% 0.00% -2.65% 2.15% 2.15% -4.19% 3.65% -4.98% 0.75% 2.31% 3.28% -2.18% 12 8

Faysal Balanced Growth Fund MFR 3-Star 2.71% 1.91% -4.75% 6.43% -0.68% -3.15% 19.12% -7.18% -2.15% 5.39% 4.04% -1.32% 12 8

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

2016 0.02% -1.50% 5.14% 1.39%

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%


PIML-Value Equity Fund

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


Benchmark:KSE 100 Index

12.02%

6.56%


As of April 2016 Not Applicable Over 223 million

Re

turn

sR

etu

rns

As of April 2016


Benchmark 4.77%



Sharpe Ratio -0.10

18

2.6

8%

2.0

9%

-0.2

4%

0.4

1%

2.7

0%

6.1

1%

1.3

0%

-1.3

4%

6.2

7%

2.7

7%

3.9

3%

0.0

7% 2

.25

%

4.8

8%

6.5

5%

1.5

3%

-1.7

2%

4.7

2%

-4%

-2%

0%

2%

4%

6%

8%

* YTD MTD 1 Day 15 Days 30 Days 90 Days 180 Days

270 Days

365 Days

PIML VEF Industry

Cash5%

Stocks / Equities

91%


4%

-10%

-5%

0%

5%

10%

15%

PVEF Benchmark


Equity Fund’s Consistency & OutperformancePast 12 months Performance Summary (Month wise)


19

EquityPast 12 month Performance summary (Month wise) 2016 2015

Top

10

ra

nki

ng

(mo

nth

s)

Top

5

ran

kin

g (m

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ths)


JS Value Fund MFR 1-Star 3.44% 5.88% -5.24% 4.21% 4.21% -3.25% 7.55% -5.87% -2.69% 5.69% 2.16% -3.52% 7 6AKD Opportunity Fund MFR 4-Star 9.69% 7.10% -5.87% -1.00% -1.00% -5.86% 7.19% -8.75% -0.17% 15.56% 18.76% -0.08% 7 6

Alfalah GHP Alpha Fund MFR 4-Star 3.79% 5.46% -3.42% 5.50% 5.50% -5.86% 5.66% -6.93% 0.68% 4.51% 4.68% -2.80% 8 4

Alfalah GHP Stock Fund MFR 4-Star 3.85% 5.33% -3.28% 5.41% 5.41% -5.86% 5.56% -6.57% 0.54% 5.06% -2.80% -2.80% 6 4

PICIC Energy Fund MFR 1-Star 2.55% 2.74% 0.31% -6.07% -1.15% -1.23% 4.10% -5.15% -4.07% 0.91% 0.01% -1.71% 4 4

PICIC Stock Fund MFR 2-Star 3.61% 6.84% -1.54% -4.86% 0.53% -6.83% 3.21% -4.75% 0.23% 5.41% 4.54% -3.31% 6 4United Stock Advantage Fund MFR 3-Star 3.99% 5.40% -5.81% 4.86% 4.86% -3.03% 6.13% -6.12% 0.69% 4.12% 4.61% -3.16% 9 4National Investment Unit Trust MFR 3-Star 2.91% 5.01% -3.72% 2.86% 2.86% -3.32% 6.36% 6.59% -0.94% -1.55% 2.08% -2.27% 7 3

MCB Pakistan Stock Market Fund MFR 5-Star 0.00% 5.38% -3.25% 2.16% 2.16% -4.23% 8.27% -8.80% -2.73% 2.73% 4.08% -1.05% 5 3

JS Large Cap Fund MFR 4-Star 2.23% 5.42% 0.00% -0.49% 1.03% -5.91% 7.83% -7.28% -3.30% 6.07% 1.18% -3.00% 3 3

JS Growth Fund MFR 2-Star 3.49% 4.74% 0.00% 3.81% 3.81% -4.82% 6.53% -6.80% -2.40% 3.44% 2.53% -2.67% 6 3NAFA Stock Fund MFR 5-Star 5.78% 6.42% -2.14% 3.23% 3.23% -5.80% 5.30% -6.30% -2.00% 3.70% 4.20% -2.40% 10 3Atlas Stock Market Fund MFR 3-Star 4.87% 5.82% -1.89% -2.56% 0.61% -5.58% 7.14% -8.07% -5.14% 3.68% 5.26% -4.91% 5 3

PIML Value Equity Fund - 2.09% 6.63% -2.53% -0.85% 2.26% -5.85% 5.57% -6.41% -0.73% 3.33% 6.32% -2.66% 6 2

Askari Equity Fund MFR 3-Star 4.85% 4.30% -5.01% 0.07% 0.07% -4.95% 5.24% -6.53% -4.40% 1.81% 4.94% -3.66% 3 2

First Capital Mutual Fund MFR 2-Star 4.47% 6.10% -1.27% 2.12% 2.12% -6.65% 5.96% -6.69% -2.78% 4.56% 4.27% -3.20% 8 2

ABL Stock Fund MFR 4-Star 4.14% 5.79% -1.72% -3.35% 0.28% -4.93% 6.95% -5.22% -2.36% 3.80% 4.09% -3.31% 7 1

First Habib Stock Fund MFR 2-Star 4.18% 5.37% -1.40% -2.69% 1.11% -5.05% 4.43% -6.14% -3.57% 2.11% -3.25% -3.25% 4 1

HBL Stock Fund MFR 2-Star 3.33% 0.00% -3.66% 1.11% 1.88% -6.14% 5.03% -7.29% 0.08% 2.67% 3.33% -2.80% 3 1

Lakson Equity Fund MFR 3-Star 3.53% 7.01% -1.79% -2.36% 0.89% -5.35% 5.83% -6.41% -1.98% 2.97% 4.55% -3.29% 6 1

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

2016 -0.85% -2.53% 6.63% 2.09%

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%


Asset Allocation Fund

20


PIML-Asset Allocation Fund


PIML-VEF vs Peer Group (AR) April 2016


As of April 2016 Not Applicable Over 2,014 millions

Re

turn

s

As of April 2016

Absolute Returns -0.51%

Benchmark 0.43%

Peer Group Average 3..03%


Sharpe Ratio -0.26

21

Cash at Bank16.25%

Pibs81.79%


1.96%-0.53% -0.51%-0.11%

-0.67%

3.03%

1.83%

-0.07%

1.44%

-1%

0%

1%

2%

3%

4%

* YTD MTD 1 Day 15 Days

PIML AAF Industry


Shariah Compliant Equity Category

22


PIML-Islamic Equity Fund



Benchmark:KMI-30 Index

35.31%

40.46%


As of April 2016 3 Star by PACRA Over 233 millions

PIML IEF Vs Peer Group (AR) April 2016

Re

turn

sR

etu

rns

As of April 2016


Benchmark 3.98%



Sharpe Ratio -0.04

23

3.5

5%

1.2

6%

-0.6

5%

-0.4

2% 1

.79

%

5.6

3%

2.2

7%

0.7

6%

7.7

2%

4.4

9%

3.2

7%

-0.2

7% 1.4

2%

4.2

9%

7.2

7%

3.5

5%

0.4

9%

6.9

1%

-2%

0%

2%

4%

6%

8%

10%


PIML IEF Industry

Cash4.52%

Stocks / Equities91.60%

Others Including

Receivables3.88%

-10%

0%

10%

20%

30%

40%

50%

PIEF Benchmark


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


24

Islamic Equity

Past 12 month Performance summary (Month wise)2016 2015

Top

10

ran

kin

g (m

on

ths)

Top

5 r

anki

ng

(mo

nth

s)


Al Ameen Shariah Stock Fund MFR 4-Star 4.25% 7.48% -2.18% 4.91% 4.91% -4.87% 4.91% -5.91% -0.83% 3.63% 6.18% -3.10% 9 7

JS Islamic Fund MFR 5-Star 2.37% 7.66% -5.22% 4.56% 4.56% -5.65% 5.98% -6.10% -4.32% 2.96% 5.55% -1.15% 7 6

PICIC Islamic Stock Fund - 1.95% 7.60% -2.20% -3.51% 3.87% -6.09% 2.12% 1.58% 1.63% 6.16% 4.32% -1.70% 6 6

NAFA Islamic Stock Fund MFR 3-Star 4.44% 7.01% -2.85% 5.27% 5.27% -5.92% 5.69% 1.69% -1.31% 3.60% 4.60% -1.70% 9 5

Meezan Islamic Fund MFR 2-Star 7.27% 7.34% -2.68% -2.00% 4.00% -4.55% 6.57% -5.62% -1.91% 7.66% -2.52% -3.00% 7 4

Al Meezan Mutual Fund MFR 2-Star 4.16% 8.31% -2.68% -2.00% 3.00% -4.93% 6.47% -5.45% -2.19% 4.00% -2.87% -3.00% 6 4

Atlas Islamic Stock Fund MFR 3-Star 3.54% 6.95% -2.39% 3.93% 3.93% -6.03% 5.53% -6.45% -4.58% 3.31% 5.26% -3.51% 6 1

HBL Islamic Stock Fund MFR 1-Star 2.96% 0.00% -5.23% 2.80% 2.80% -6.40% 5.06% 1.25% -1.36% 1.30% 4.35% -2.70% 4 1

PIML Islamic Equity Fund MFR 3-Star 1.26% 7.28% -2.76% -0.16% 1.87% -6.08% 5.26% -5.42% -0.17% 1.87% 5.18% -1.74% 4 1

ABL Islamic Stock Fund MFR 4-Star 2.78% 5.65% -2.18% -2.74% 1.38% -5.39% 5.15% -4.56% -2.33% 3.39% 3.93% -2.80% 3 1

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

2016 -0.16% -2.76% 7.28% 4.25%

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%


Historical Performance of Pakistan Stock Market

Stock Market Returns

10 Years negative out of 39 years

25

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%

26


OUR ENTERTAINED CLIENTS


www.primusinvestments.com28

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

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]

Shafiq Ur Rehman Bhatti

Head of Sales and Distribution – South

Cell No. 0321-8968076 Board. 37130165 Ext. 226

[email protected]

Armaghan Qureshi

Regional Manager - North

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

[email protected]

Reema Shakeel

Regional Head - Central

Phone # (+92-42) 35221632

[email protected]

Documents

SAVE, INVEST & ENJOY...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