MCB Pakistan Sovereign Fund

Investment Objective

The objective of the MCB Pakistan Sovereign Fund (MCB-PSF ) is to deliver income primarily from investment in government securities.

Manager’s Comment

During the month, the fund generated an annualized return of 6.09% as against its benchmark return of 12.06%. WAM of the fund was 2.6 years. Exposure in PIBs decreased.

Contrary to the increasing tendency in the industry to add corporate debt instruments, MCB-PSF is among the few Bond Funds in the industry which continues to remain restricted to pure government securities and bank deposits inline with the name of fund.

Quick Facts

Launch Date	1st March 2003
Risk Profile	Medium (Principal at medium risk)
Fund Type	An Open End Scheme
Currency	PKR
Minimum Investment	500 /-
Fund Manager	Saad Ahmed
Asset Manager Rating	AM1 (AM One) by PACRA (04-Oct-24)
Pricing Mechanism	Forward
Listing	Pakistan Stock Exchange
Trustee	Central Depository Company of Pakistan Limited
Auditor	M/s. A.F Ferguson & Co. Chartered Accountants
Benchmark	6 month PKRV rates

Latest Expense ratio of the Fund is updated in the FMR (Fund Manager’s Report).

5 years performance

Year	Fund (%)	Benchmark (%)
2024	20.98	24.26
2023	15.48	19.89
2022	9.79	11.26
2021	5.67	7.56
2020	16.39	12.86

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Disclaimer: All investments in mutual fund are subject to market risks. Past performance is not necessarily indicative of the future results. Please read the Offering Document to understand the investment policies and the risks involved. Performance data does not include the cost incurred directly by an investor in the form of sales loads etc. The information in this literature is issued for indicative and informational purposes only and investors are advised to make their own appraisal of the investment opportunity, tax implications and consult their own financial, legal, taxation and/or other professional advisors prior to making any investment in mutual fund. The mutual fund may hold certain non-compliant investments. Before making any investment decision, investors should review the latest monthly Fund Manager Report and the Financial Statements of the mutual fund particularly the details of non-compliant investments, provision against SWWF liability and Risk Factors.