Pakistan Cash Management Fund

Pakistan Cash Management Fund(Pcf)

Composite

Pakistan Cash Management Fund (PCF) is an open ended fund. The fund seeks to provide investors return with high level of liquidity coupled with extremely low credit and price volatility, thus enabling them to manage their surplus cash efficiently

PCF seek to derive its returns by investing in a portfolio of government securities (primarily T-Bills) and other short term debt instrument.

Performance ( Since Inception)

PCF (%)		8.76	11.95
		2008	2009

PCF Overall Asset Allocation (Jan, 10)

Fee Schedule

	Management fee: 10% of gross earning.
	Front-end load: Nil
	Back-end load: 0.1 if redeemed within 3 days.

Financial Year	Expense Ratio

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 March, 2008.
	Fund Type	Open-end Fixed Income Fund
	Minimum investment	Rs. 5,000
	Fund Manager	Nadeem Ali Khan
	Rating by PACRA	AAA (f)
	Initial Price	PKR 50.00
	Currency	PKR
	Registrar	Gangjees Registrar Services (Pvt.) Ltd.
	Trustee	Habib Metropolitan bank
	Auditors	KPMG Taseer Hadi & Co

Volatility Measures

	Feb	Jan

Average Duration (Days)	46	39
Net Assets (Rs. mn	2,077	1,839
NAV (Rs. per unit)	50.2619	50.2897*

* Ex-dividend

Fund Returns * (%)

	Feb	Jan

Month on Month	10.44	10.17
Quarter on Quarter	10.54	10.78
FY’10 to date	11.03	11.02
Since Inception	11.23	11.25

* CAGR

PCF Asset

Financial Year	PCF Assets	Funds under management

	PKR (million)	PKR (million)
2007-08	114.074	18,426.73
2008-09	579.81	13,314.79

Dividend History

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


2009-10(Jan)	0.86	0.43	Bonus
2009-10(Dec)	0.86	0.4301	Bonus
2009-10(Nov)	0.86	0.43	Bonus
2009-10(Oct)	0.88	0.44	Bonus
2009-10(Sep)	0.82	0.41	Bonus
2009-10(Aug)	0.77	0.39	Bonus
2009-10(July)	0.70	0.35	Bonus
2008-09(Jun)	1.36	0.68	Bonus
2008-09(May)	0.94	0.47	Bonus
2008-09(Apr)	0.86	0.43	Bonus
2008-09(Mar)	0.74	0.37	Bonus
2008-09(Feb)	1.06	0.53	Bonus
2008-09(Jan)	1.16	0.58	Bonus
2008-09(Dec)	1.18	0.59	Bonus
2008-09(Nov)	1	0.5	Bonus
2008-09(Oct)	0.84	0.42	Bonus
2008-09(Sep)	0.92	0.46	Bonus
2008-09(Aug)	0.88	0.44	Bonus
2008-09(July)	0.5	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.