Pakistan Islamic Pension Fund

Pakistan Islamic Pension Fund (Pipf)

Composite

Pakistan Islamic Pension Fund (PIPF) constituted under the voluntary pension system Rules 2005 is a savings cum – investment scheme with customized investment choices in shariah compliant assets.

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

Performance ( Since Inception)

PIPF-EQ(%)	-5.70	-22.58
PIPF-DT (%)	6.05	7.50
PIPF-MM (%)	4.93	6.0
	2008	2009

PIPF Overall Asset Allocation(Equity)

	Feb	Jan

Cash	4.3	2.2
Other assets net of liabilities	0.7	0.8
Chemicals	29.6	30.2
Oil & Gas	22.0	21.8
Food Producers	7.3	7.4
Fixed Line Communications	6.7	6.5
Other equity sectors	6.6	11.7
Automobile & Parts	8.1	8.1
General Industrials	7.8	8.6
Pharma & Biotech	6.9	2.7

PIPF Overall Asset Allocation(Debt)

	Feb	Jan

Cash	10.3	10.2
Other assets net of liabilities	5.0	4.3
Sukuk	84.7	85.5

PIPF Overall Asset Allocation(Money Market)

	Feb	Jan

Cash	68.5	68.3
Other assets net of liabilities	2.7	2.7
Sukuk	28.8	29.0

Fee Schedule

	Management fee: 1.5% per annum of average NAV
	Front-end load: 3.00% of the NAV
	Overall annual expense ratio for the composite is as follows:

Financial Year	Expense Ratio

2007-08	1.91%	^
^ 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	15th Nov, 2007
	Fund Type	Voluntary Pension Scheme
	Minimum investment	Rs. 1,000
	Fund Manager	Faisal Khatri
	Initial price	PKR 100.00
	Currency	PKR
	Registrar	Gangjees Registrar Services (Pvt.) Ltd.
	Trustee	Muslim Commercial Financial Service
	Auditors	A.F. Ferguson & Co- Chartered Accountants

* 3 year or since inception

Fund Returns (Feb,10)

(%)

	PIPF-EQ*	PIPF-Dt*	PIPF-MM**

Month on Month	-1.27	9.19	6.51
Quarter on Quarter	4.00	11.98	7.41
FY’10 to date	28.24	11.03	7.32
Since Inception (15 Nov 07)	-6.37	8.14	6.09
Net Assets (Rs.mn)	30.92	38.47	35.17

* Total Return
** Annualized Return (CAGR)

Top Ten Holdings(Feb,10)


Pakistan Telecommunications Co. Ltd.	6.7%
Searle Pakistan Ltd.	6.9%
Fauji Fertilizer Bin Qasim Ltd.	7.1%
Unilever (Pakistan) Ltd.	7.3%
Packages Ltd.	7.8%
Pak Suzuki Motors Ltd	8.1%
ICI Pakistan Ltd.	8.4%
Pakistan Oilfields Ltd.	8.5%
Pakistan Petroleum Ltd.	8.7%
Fauji Fertilizer Company Ltd.	9.2%

PIPF Asset

Financial Year	PIPF Assets	Funds under management

	PKR (million)	PKR (million)
2007-08	PIPF EQ 26.86	18,426.73
2007-08	PIPF DT 32.059	18,426.73
2007-08	PIPF MM 31.250	18,426.73
2008-09	PIPF EQ 23.42	13,314.79
2008-09	PIPF DT 35.35	13,314.79
2008-09	PIPF MM 33.47	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.