Pakistan Pension Fund

Pakistan Pension Fund (PPF)

Composite

Pakistan Pension Fund (PPF) constituted under the voluntary pension system Rules 2005 is a savings cum – investment scheme with customized investment choices.

The investor has a choice between various allocation schemes, that PPF offers each of which is invested in different proportion in the three sub funds i.e Equity; Debt and Money market.

Performance ( Since Inception)

PPF Eq (%)	-8.54	-31.21
PPF Debt (%)	-1.94	13.11
PPF MM (%)	6.40	8.86
	2008	2009

PPF Overall Asset Allocation(Equity)

	Feb	Jan

Cash	7.3	5.2
Other assets net of liabilities	-0.7	-0.4
Banks	16.0	15.7
Chemicals	16.0	16.8
Oil & Gas	14.1	14.4
Food Producers	8.7	8.8
Fixed Line Communications	5.0	5.1
Other equity sectors	33.6	34.4

PPF Overall Asset Allocation(Debt)

	Feb	Jan

Cash	28.7	6.2
Other assets net of liabilities	0.4	4.4
PIBs	70.9	89.4

PPF Overall Asset Allocation(Money Market)

	Feb	Jan

Cash	2.4	3.2
T-bills	97.3	96.8
Other assets net of liabilities	0.3	0.3

Fee Schedule

	Management fee: 1.5% per annum of average NAV
	Front-end load: 3% of the NAV
	Overall annual expense ratio for the composite is as follows:

Financial Year	Expense Ratio

2007-08	2.39%	^
^ 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	29 June, 2007.
	Fund Type	Voluntary Pension Scheme
	Minimum investment	Rs. 1,000
	Fund Manager	Basharatullah
	Initial Price	PKR 100
	Currency	PKR
	Registrar	Gangjees Registrar Services (Pvt.) Ltd.
	Trustee	Muslim Commercial Financial Service
	Auditors	A.F. Ferguson & Co- Chartered Accountants

Fund Returns (Feb,10)

	PPF-EQ*	PPF-Dt*	PPF-MM**

Month on Month	0.31	5.74	9.38
Quarter on Quarter	3.97	8.18	9.76
FY’10 to date	33.07	7.41	9.56
Since Inception(29,Jun,07)	-16.11	5.74	8.14
Net Assets (Rs.mn)	58.58	53.26	41.31

* Total Return
**Annualized Return(CAGR)

Top Ten Holdings(Feb,10)PPF Eq Sub fund


Pakistan Oilfields Ltd.	4.6%
Nestle (Pakistan) Ltd.	4.7%
Pakistan Petroleum Ltd.	4.7%
Pakistan State Oil Ltd.	4.8%
Engro Corporation Ltd.	4.8%
Fauji Fertilizer Bin Qasim Ltd.	4.9%
Pakistan Tobacco Ltd.	4.9%
Pakistan Telecommunications Co. Ltd.	5.0%
National Bank of Pakistan Ltd.	5.4%

PPF Asset

Financial Year	PPF Assets	Funds under management

	PKR (million)	PKR (million)
2007-08	PPF EQ 32.026	18,426.73
2007-08	PPF DT 35.29	18,426.73
2007-08	PPF MM 33.71	18,426.73
2008-09	PPF EQ 40.88	13,314.79
2008-09	PPF DT 48.53	13,314.79
2008-09	PPF MM 38.17	13,314.79

Dividend History

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

2007-08	-	-	-	-

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.