Faysal Asset Allocation Fund
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Funds Overview
Faysal Asset Allocation Fund (FAAF) endeavors to provide investors with an opportunity to earn long-term capital appreciation optimizing through broad mix of asset classes encompassing equity, fixed income & money market instruments.
Brief Terms of FAAF are presented below
| Fund Type | Open Ended |
| Category | Asset Allocation Scheme |
| Tenure | Prepetual |
| Risk Profile | High |
| Launch Date | July 24, 2006 |
| Benchmark | Weighted Average of KSE 100 Index and 6 Month KIBOR rates and 70% three (3) months PKRV rates + 30% three (3) months average deposit rate of three (3) AA rated scheduled Banks as selected by MUFAP on the basis of actual proportion held by the scheme. |
| Pricing Mechanism | Forward |
| Management Fee | Management Company shall be entitled to an accrued remuneration equal to an amount not exceeding 3% of Average Annual Net Assets, within allowed expense ratio limit. |
| Front end Load | Up to 3% of NAV |
| Back end Load | Nil |
| Minimum Investment | PKR 5,000/- |
| Trustee | Central Depository Company of Pakistan |
| Auditor | A. F. Ferguson & Co. |
| Legal Advisor | Mohsin Tayebaly & Co. |
| NTN | 2798419-2 |
All investments in mutual funds are subject to market risks. Past performance is not necessarily indicative of future results. Please read the Offering Documents to understand the investment policies,
risks involved and tax implications. Performance data does not include cost incurred by investor in the form of sales load. All returns/figures are annualized, net of sales load and all fees including management fee
Key Benefits
Proactive portfolio rebalancing among equity, fixed income & money market asset classes
Portfolio engineered to manage risk while maintaining liquidity
Invest with as low as PKR 5,000/-
Opportunity to track escalating equity market returns in times of rapidly growing economy
Encashment without any penalty
FAAF Performance
| Year | Fund's Annual Yield | Benchmark's Annual Yield |
|---|---|---|
| FY 2006-07 | 23.52% | 37.87% |
| FY 2007-08 | -10.48% | -10.77% |
| FY 2008-09 | -38.30% | -41.72% |
| FY 2009-10 | 30.70% | 24.07% |
| FY 2010-11 | 20.58% | 20.20% |
| FY 2011-12 | -0.02% | 11.62% |
| FY 2012-13 | 20.26% | 34.43% |
| FY 2013-14 | 17.01% | 30.21% |
| FY 2014-15 | 16.16% | 13.44% |
| FY 2015-16 | -2.46% | 9.14% |
| FY 2016-17 | 4.67% | 20.73% |
| FY2018-19 | -20.96% | -7.32% |
| FY2019-20 | 10.78% | |
| FY 2020-21 | 92.39% | 34.00% |
| FY 2020-21 | -24.59% | -8.67% |
Investment Objective & Strategy
Using a forward looking approach, Faysal Funds(Faysal Asset Management Limited) shall diligently scrutinize each asset class and proactively identify extraordinary investment opportunities amongst undervalued securities, arbitrage situations, trends in business cycles; and other options that may arise to increase and enrich value for the investor. In order to provide maximum confidence to the investors, the Fund’s portfolio will be engineered to manage risk while maintaining liquidity. The ultimate objective is to improve returns when markets are positive and conserve capital when uncertainty is pre-empted by the Fund Manager.
Investment Committee
| Mr. Khaldoon Bin Latif | Chief Executive Officer |
| Mr. Ayub Khuhro | Chief Investment Officer |
| Mr. Faisal Ali Khan | Chief Financial Officer |
| Mr. Khurram M. Arif, CFA | Head of Equity |
| Mr. Mohammed Hunain, CFA | Head of Research |
| Mr. Khurram Salman | Head of Compliance and Internal Audit |
| Mr. Imad Ansari | Head of Risk |
