Lakson Income Fund

Investment Objective


The investment objective of the Lakson Income Fund is to provide competitive total return through investment in a diversified portfolio of fixed income securities. Investments will be made in a variegated mix of short term, medium term and longer term maturities depending on the assessment by the Investment Team of interest rate trends and prospective returns.


Investment & Suitability


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

Returns as at August 31, 2017


  6 Months CY17 - YTD FY17 - YTD
LIF
7.67%
7.56%
5.43%
Benchmark
6.24%
6.20%
6.30%

 

 

Month-End Total Returns3


  Aug-17 Jul-17 Jun-17
LIF
5.05%
5.82%
9.90%
Benchmark
6.33%
6.28%
6.12%

 

TFCs Portfolio


Name of the Issuer
Issue Date
Rating
% of Total Assets
NRSP 
30-Jun-16
A
1.95%
SILK BANK
10-Aug-17
A-
1.94%
K-Electric AZM Sukuk III
24-Feb-14
AA
1.82%
PEL SUKUK
25-Aug-16
A
1.82%
Bank Al Falah Limited V
20-Feb-13
AA-
1.59%
Askari Bank Limited IV
23-Dec-11
AA-
1.37%
Habib Bank Limited I
19-Feb-16
AAA
1.21%
JSCL TFC
18-Jul-17
AA
0.99%

 

Investment Commitee

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

 

Rating  by PACRA

 

A+  

The PACRA has revised the stability rating of Lakson Income Fund (LIF), an open-end income fund to 'A+(f)' (Single A Plus ; fund rating) [Previous rating:- 'AA-(f)']. The fund's rating denotes a strong capacity to manage relative stability in returns and low exposure to risks.

Press Release

Key Fund Details

Fund Type Open-End
Category Income Fund
Net Assets3
(PKR Mil.)
4,007
NAV (
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01/01/1970)1
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Pricing Mechanism Forward Day
Trustee CDC Pakistan Limited
Auditor BDO Ebrahim & Co.
Management Fee 1.50%
Front End Load 1.50%
Back End Load None
Launch Date November 13, 2009
Benchmark Average daily rate of 6M KIBOR
Dealing Days Mon-Fir
Cut-Off Time 04:00 PM
Fund Rating 'A+(f)' by PACRA (12.07.2017)
Risk Profile Medium Risk
Asset Manager Rating AM2+ by PACRA (15.05.2017)


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