Faysal Financial Sector Opportunity Fund
Discover the key to returns
Funds Overview
Faysal Financial Sector Opportunity Fund (FFSOF) seeks to provide a competitive rate of returns to its investors by investing in money market and debt instruments with major exposure in financial sector instruments.
Brief Terms of FFSOF are presented below
| Fund Type | Open Ended |
| Category | Income Scheme |
| Tenure | Prepetual |
| Risk Profile | Medium |
| Stability Rating | AA-(f) (PACRA) |
| Launch Date | 05 July, 2013 |
| Benchmark | 70% six month rolling average of 6-month KIBOR and 30% average deposit rate of three (3) Banks rated AA- and above. |
| Pricing Mechanism | Forward |
| Management Fee | Management Company shall be entitled to an accrued remuneration equal to an amount not exceeding 1% of Average Annual Net Assets, within allowed expense ratio limit. Management shall disclose actual rate of management fee charged as percentage of net assets of collective investment scheme in monthly Fund Manager Report. |
| Front end Load | Up to 2% 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 | 4162882-9 |
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
One of the lowest management fee in income fund category (since launch - to date)
No minimum holding period of investment
Opportunity to invest in diverse pool of fixed income avenues with a significant exposure towards high quality financial sector debt instruments (minimum 70% investment/placement within financial sector)
Invest with as low as PKR 5,000/-
Exemption from Zakat on submission of Affidavit
Portfolio assets with high credit quality, having minimum instrument rating of AA-
FFSOF Performance
| Year | Fund's Annual Yield | Benchmark's Annual Yield |
|---|---|---|
| FY 2013-14 | 9.12% | 8.96% |
| FY 2014-15 | 7.41% | 8.22% |
| FY 2015-16 | 7.08% | 5.88% |
| FY 2016-17 | 5.27% | 6.10% |
| FY 2017-18 | 4.85% | 6.35% |
| FY 2018-19 | 8.81% | 10.21% |
| FY 2019-20 | 12.94% | 12.22% |
| FY 2020-21 | 6.77% | 7.43% |
| FY 2021-22 | 10.92% | 10.80% |
Investment Objective & Strategy
The investment objective of Faysal Financial Sector Opportunity Fund is to provide a competitive rate of return to its investors by investing in money market and debt instruments with major exposure in financial sector.
Investment Committee
| Mr. Khaldoon Bin Latif | Chief Executive Officer |
| Mr. Ayub Khuhro | Chief Investment Officer |
| Mr. Faisal Ali Khan | Chief Financial Officer |
| Syed Shahid Iqbal | Head of Fixed Income |
| Mr. Mustajab Alam | Fund Manager |
| Mr. Mohammed Hunain, CFA | Head of Research |
| Mr. Khurram Salman | Head of Compliance and Internal Audit |
| Mr. Imad Ansari | Head of Risk |
