Arif Habib Investments: Mutual Funds

PAKISTAN PREMIER FUND (PPF)

Investment Objective

The objective of the Fund is to provide investors long term capital appreciation from its investment in Pakistani equities.

Fund Profile

Pakistan Premier Fund (PPF) is a open end equity fund. The fund takes a long term value investing approach and the portfolio is diversified across all major sectors with stocks having long term positive fundamentals.

PPF is a long only fund. The funds which are not invested in equities are required to be kept in bank deposits and short-term money market instruments/ placements.

Under the NBFC Rules, the fund is not allowed to borrow.

Benchmark

KSE-100 Index.

Performance

PPF%)	62.26	52.41	26.09	31.90	-3.83	-33.77	25.61
*BM (%)**	55.16	41.12	34.08	37.87	-10.77	-41.72	35.74
	2004	2005	2006	2007	2008	2009	2010

* PPF Benchmark

PPF - Overall Asset Allocation

Overall Asset Allocation

Fee Schedule

Management fee: 2 % per annum of average NAV

Overall annual expense ratio for the composite is as follows:

Financial Year	Expense Ratio

2009-10	2.62%
2008-09	2.42%
2007-08	2.48%
2006-07	2.54%
2005-06	2.65%
2004-05	2.95%
2003-04	2.67%
2002-03	2.43%

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

Quick Stats


Date of Inception	1^st January 2003
Fund Type	Open-end Equity
Fund Manager	M.Asim,CFA
Rating by PACRA:		ST : 3 Star LT: 3 Star
Initial Public Offer	PKR 10.00
Currency	PKR
Registrar	M/s JWAFFS Registrar Services (Private) Limited
Custodian	Deutsche Bank AG.
Auditors	KPMG Taseer Hadi & Co Chartered Accountants

Portfolio Characteristics

Fund Returns

Fund Returns

Top Ten Holdings

Dividend History

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

2010-11	2.10	0.21	Bonus
2009-10	18.60	1.86	Cash
2007-08	15.00	1.50	Cash
2006-07	15.00	1.50	Bonus
2006-07	25.00	2.50	Cash
2005-06	25.00	2.50	Cash
2005-06	15.00	1.50	Cash
2004-05	25.00	2.50	Bonus
2004-05	15.00	1.5	Cash
2003-04	15.00	1.5	Cash
2003-04	25.00	2.50	Bonus
2002-03	12.50	1.25	Cash
2002-03	12.50	1.25	Bonus
2002-03	50.00	5.00	Right

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.