MCB CASH MANAGEMENT OPTIMIZER (MCB CMOP)

Investment Objective

To provide unit-holders competitive rates from a low risk portfolio of short duration assets while maintaining high liquidity.

Fund Profile

MCB CMOP is purely a money market fund which shall make investments in money market instruments with a maximum maturity of 180 days and weighted average maturity up to 90 days. Based on market conditions the Management Company will invest a major portion in highly liquid and low risk instruments. The remaining fund will be invested in short term deposits and assets to generate better returns. The main areas of investment would be Treasury Bills, Cash and Near-Cash Instruments, Money market placements, Certificate of Deposits (COD's), Certificate of Musharika (COM's), Term Deposits (TDR's), Commercial Papers etc.

Benchmark

Avg. three month deposit rates of AA and above rated scheduled banks, net of expenses.

MCB-CMOP - Overall Asset Allocation

Overall Asset Allocation

Fee Schedule

Management fee: 10% of all gross earnings Front-end load: 0.75% Up to 0% Overall annual expense ratio for the composite is as follows:

Financial Year	Expense Ratio

2010-11	10/0.25%*

Expense ratio has been calculated taking into account operating expenses as a percentage of average net assets of the composite *10% of gross earnings or 0.25% of net assets, whichever is higher.

Fund Returns

Fund Returns

Quick Stats


	Date of Inception	1^st October 2009
	Fund Type	Open-end Money Market Scheme
	Minimum investment	Growth Units Rs. 5000 Income Units Rs. 5,000 Income Units Rs. 100,000
	Fund Manager	Kashif Rafi
	Rating by PACRA	AA(f)
	Currency	PKR
	Trustee	Central Depository Company of Pakistan Ltd. (CDC)
	Auditors	KPMG Taseer Hadi & Co Chartered Accountants

Portfolio Characteristics

Portfolio Characteristics

Dividend History

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


2011-12 (Jun)	3.34	3.34	Bonus
2010-11 (Apr)	2.61	2.61	Bonus
2010-11 (Jan)	1.89	1.89	Bonus
2010-11 (Oct)	3.17	3.17	Bonus
2009-10 (Jun)	3.13	3.13	Bonus
2009-10 (Apr)	2.87	2.87	Bonus
2009-10 (Jan)	1.76	1.76	Bonus

All investments in mutual funds and securities are subject to market risk. The NAV based price of these units and any dividends and return thereon are dependent on forces and factors affecting the capital markets. These may go up or down based on market conditions. Past performance is not necessarily indicative of future results. Please read the Offering Document to understand the investment policies and the risk involved.