Pakistan Cash Management Fund

Pakistan Cash Management Fund (Pcf)

Investment Objective

The Fund aims to deliver regular income and provide high level of liquidity primarily from short duration government securities investments.

Fund Profile

Pakistan Cash Management Fund (PCF) is an open end Fund, which invests in government securities, mainly Treasury Bills and short maturity reverse repurchase transactions against Government Securities. The un-invested funds are kept in deposits with minimum AA-rated commercial banks. The overall maturity of the portfolio is kept below 90 days, in order to keep interest rate risk at a relatively low and manageable level and provide high liquidity to investors comparable to current bank deposits. PCF is a long only Fund.

Benchmark

3 month T-Bill.

Performance (Since Inception)

PCF (%)		8.76	11.95	11.28
		2008	2009	2010

PCF - Overall Asset Allocation

Overall Asset Allocation

Fee Schedule

	Management fee: 10% of Gross Earnings subject to a minimum of 0.25% of Avg. Daily Net Assets (whichever is higher)
	Front-end load: Nil
	Back-end load: 0.1 if redeemed within 3 days.

Financial Year	Expense Ratio

2009-10	1.23%
2008-09	1.18%
2007-08	0.22%	^
^ annualized

Expense ratio has been calculated taking into account operating expenses excluding brokerage as a percentage of average net assets of the composite

Quick Stats


	Date of Inception	20^th March 2008
	Fund Type	Open End Money Market
	Minimum investment	A - PKR 5,000/- B - PKR 10,000,000/-
	Fund Manager	Syed Sheeraz Ali
	Rating by PACRA	AAA (f)
	Initial Public Offer	PKR 50.00
	Currency	PKR
	Registrar	Arif Habib Investments Limited.
	Trustee	Habib Metropolitan bank
	Auditors	M Yousuf Adil Saleem & Co. Chartered Accountants

Portfolio Characteristics

Portfolio Characteristics

Fund Returns

Fund Returns

Dividend History

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


2011-2012(Sep)	0.88	0.44	Bonus
2011-2012(Aug)	0.90	0.45	Bonus
2011-2012(Jul)	0.70	0.35	Bonus
2010-2011(May)	0.84	0.42	Bonus
2010-2011(Apr)	0.84	0.42	Bonus
2010-2011(Mar)	0.84	0.42	Bonus
2010-2011(Feb)	0.84	0.42	Bonus
2010-2011(Jan)	0.84	0.42	Bonus
2010-2011(Dec)	0.84	0.42	Bonus
2010-2011(Nov)	0.84	0.42	Bonus
2010-2011(Oct)	0.84	0.42	Bonus
2010-2011(Sep)	0.84	0.42	Bonus
2010-2011(Aug)	0.84	0.42	Bonus
2010-2011(Jul)	0.70	0.35	Bonus
2009-2010(Jun)	1.38	0.69	Bonus
2009-2010(May)	0.91	0.4571	Bonus
2009-2010(Apr)	1.04	0.52	Bonus
2009-2010(Mar)	0.81	0.4061	Bonus
2009-2010(Feb)	0.86	0.43	Bonus
2009-2010(Jan)	0.86	0.43	Bonus
2009-2010(Dec)	0.86	0.4301	Bonus
2009-2010(Nov)	0.86	0.43	Bonus
2009-2010(Oct)	0.88	0.4412	Bonus
2009-2010(Sep)	0.82	0.4122	Bonus
2009-2010(Aug)	0.77	0.3864	Bonus
2009-2010(Jul)	0.70	0.35	Bonus
2008-2009(Jun)	1.34	0.67	Bonus
2008-2009(May)	0.94	0.47	Bonus
2008-2009(Apr)	0.86	0.43	Bonus
2008-2009(Mar)	0.74	0.37	Bonus
2008-2009(Feb)	1.06	0.53	Bonus
2008-2009(Jan)	1.16	0.58	Bonus
2008-2009(Dec)	1.18	0.59	Bonus
2008-2009(Nov)	1.00	0.5	Bonus
2008-2009(Oct)	0.84	0.42	Bonus
2008-2009(Sep)	0.92	0.46	Bonus
2008-2009(Aug)	0.88	0.44	Bonus
2008-2009(Jul)	0.50	0.25	Bonus
2008-2009(Jul)	1.00	0.5	Bonus
2007-2008(May)	1.30	0.65	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.