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 |
| Risk Profile | High |
| Stability Rating | 2-Star (1 year Ranking) 1-Star (3 year Ranking) 2-Star (5 year Ranking) by PACRA updated on 28-Feb-2019 4 Star (Dec 2020) |
| Launch Date | July 24, 2006 |
| Custodian/Trustee | Central Depository Company of Pakistan (CDC) |
| Auditor | A.F.Ferguson & Co. |
| Management Fee | Management Company shall be entitled to an accrued remuneration equal to an amount not exceeding 2% of Average Annual Net Assets, with in allowed expense ratio limit. |
| Front end Load | Up to 3% of NAV |
| Back end Load | Nil |
| Min Subscription | PKR 5,000/- |
| Benchmark | KSE 100 index/6 months KIBOR |
| Pricing Mechanism | Forward |
| AMC Rating | AM2+ |
| 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
No minimum holding period of investment
Proactive portfolio rebalancing to harness optimal asset allocation among equity, fixed income & money market asset classes
Opportunity to track escalating equity market returns in times of rapidly growing economy
Portfolio engineered to manage risk while maintaining liquidity
Encashment without any penalty
Invest with as low as PKR 5,000
Salaried / Non-salaried Investors can avail tax credit on their investment under section 62 of Income Tax Ordinance 2001 – subject to holding of investment for 24 months from investment date
Exemption from Zakat on submission of Affidavit
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 | 1.83% | 6.01% |
| FY 2020-21 | 92.39% | 34.00% |
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. Umer Pervez | Director Research |
| Mr. Khurram Salman | Head of Compliance and Internal Audit |
| Mr. Imad Ansari | Head of Risk |
