MCB ISLAMIC INCOME FUND (MCB IIF)

MCB ISLAMIC INCOME FUND (MCB IIF)

Investment Objective

To generate superior risk adjusted returns by investing in short, medium and long-term Shariah Compliant Fixed income instruments.

Fund Profile

The Fund shall seek to provide the investors with a rate of return consistent with a broadly diversified portfolio of long, medium, and short term, high quality Shariah Compliant fixed income instruments. The funds shall only be invested in Shariah compliant avenues with minimum credit rating of A+ (A Plus)

Benchmark

Average of the most recent published three- month profit rates of three Islamic Banks rated A and above.

MCB-IIF - Overall Asset Allocation

Overall Asset Allocation

Fee Schedule

Management fee: 10% of gross earnings subject to minimum fee of 0.25% of daily Net Assets Front-end load: Class “A” 1.5%, Class “B” 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	20^th June 2011
	Fund Type	Open-end (Islamic) Income Scheme
	Minimum investment	Growth Units Rs. 500 Income Units Rs. 100,000 Cash Dividend Units Rs. 500
	Fund Manager	Uzma Khan, CFA, FRM
	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


2010-11	0.25	0.25	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.