Lakson Tactical Fund (Formerly: Lakson Asset Allocation Global Commodities Fund)

Investment Objective


The investment objective of the Lakson Tactical Fund (Formerly Lakson Asset Allocation Global
Commodities Fund) is to provide long-term capital appreciation by investing in a mix of
securities comprising debt, equity and commodities future contracts.


Investor Profile


The fund is best suited for investors seeking higher stable  income with a medium term investment horizon.


Category- Asset Allocation


The LTF can invest up to 90% of the assets in domestic equity and debt markets or up to 30% in commodities. The Fund may also invest outside Pakistan up to 30% subject to a cap of USD 15 million.

Returns as at August 31, 2017


 
6 Months
CY17-YTD
FY17-YTD
LTF
-4.38%
-3.41%
-7.34%
Benchmark
-9.55%
-8.30%
-7.08%

 

For Past three months3


 
Aug-17
Jul-17
Jun-17
LTF
-6.39%
-1.01%
-1.89%
Benchmark
-7.08%
-0.68%
-4.35%

 

Investment Commitee

Babar Ali Lakhani Chairman
Kashif Mustafa
Mustafa O. Pasha, CFA
Saifullah Kazmi
Junaid Arshad
Tayyaba Azeem
Hassan Bin Nasir

 

Rating

 

4 Star

(JCR-VIS) has assessed the fund performance rankings of Lakson Tactical Fund for the one year period ended 30 June 2017.

Key Fund Details
Fund Type Open-End
Category Asset Allocation
Net Assets3
(PKR Mil.)
1,126
NAV (09/19/2017)1 102.0655
Pricing Mechanism Forward day
Trustee CDC Pakistan Limited
Auditor BDO Ebrahim & Co.
Management Fee

10% of the gross earnings of the Scheme, calculated on a daily basis. The fee is subject to a minimum of 1% and maximum of 2% of the average annual net assets of the Scheme.

Front End Load 2.50%
Back End Load None
Launch Date Oct 10, 2011
Benchmark

Weighted average daily return of KSE-30 index , 6M KIBOR & DBIQ Optimum Yield Diversified Commodity Index excess return based on the scheme’s actual proportion in the equity, debt securities and commodities.

Dealing Days Mon - Fri
Cut-Off Time 04:00 PM
Risk Profile Medium Risk
Asset Manager Rating AM2+ by PACRA (15.05.2017)


1 Updated Daily
2 Updated Weekly
3 Updated Monthly