Press Release

JCR-VIS Assigns Star Rankings of Askari Islamic Asset Allocation Fund and Lakson Islamic Tactical Fund in the Open-End Islamic Asset Allocation Funds
 

Karachi, 22 August 2017: JCR-VIS Credit Rating Company Limited (JCR-VIS) has assessed the fund performance rankings of Open-end Islamic Asset Allocation Funds for the one, three and five year periods ended June 30th, 2017. 3-year and 5-year rankings are based on weighted average performance over the performance horizon. Following are the star rankings for end-June 30th 2017:

CATEGORY: OPEN-END ISLAMIC ASSET ALLOCATION FUNDS
PERFORMANCE PERIOD: 1, 3 & 5 YEARS

RANKINGS:
Askari Islamic Asset Allocation Fund
1-year ranking: MFR 3 Star (Previous - December 31st, 2016: MFR 3-Star)
3-year wt. avg. ranking: MFR 1-Star (Previous - December 31st, 2016: MFR 1-Star)
5-year wt. avg. ranking: MFR 2-Star (Previous - December 31st, 2016: MFR 2-Star)

Lakson Islamic Tactical Fund (Formerly Lakson Asset Allocation Emerging Markets Fund)
1-year ranking: MFR 3-Star (Previous - December 31st, 2016: MFR 3-Star)
3-year wt. avg. ranking: MFR 2-Star (Previous - December 31st, 2016: MFR 2-Star)
5-year wt. avg. ranking: MFR 1-Star (Previous - December 31st, 2016: MFR 2-Star)

The above peer group also includes the following funds:
Al Ameen Islamic Asset Allocation Fund, Alhamra Islamic Asset Allocation Fund (formerly Pakistan International Element Islamic Fund), Dawood Islamic Funds, Faysal Islamic Asset Allocation Fund, HBL Islamic Asset Allocation Fund, Meezan Asset Allocation Fund, NAFA Islamic Asset Allocation Fund, Pak Oman Islamic Asset Allocation Fund.


JCR-VIS star rankings present only comparative performance within a peer group based on historical risk adjusted returns and do not provide assurance of future returns.

For further information on this ranking announcement, please contact Mr. Bilal Aftab (Ext: 106) at 35311861-66 or fax to 35311872-3.



Javed Aslam Callea
Advisor

Applicable Criteria: Methodology Update: Explaining The Stars (December 2013)

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Information herein was obtained from sources believed to be accurate and reliable; however, JCR-VIS Credit Rating Company Limited (JCR-VIS) does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. JCR-VIS, the analysts involved in the rating process and members of its rating committee do not have any conflict of interest relating to the rating(s)/ranking(s) mentioned in this report. JCR-VIS is not an NRSRO and its credit ratings are not NRSRO credit ratings. JCR-VIS is paid a fee for most rating assignments. This rating/ranking is an opinion and is not a recommendation to buy or sell any securities. Copyright 2017 JCR-VIS Credit Rating Company Limited. All rights reserved. Contents may be used by news media with credit to JCR-VIS.

JCR-VIS Credit Rating Company Limited