Karachi, March 08, 2019: VIS Credit Rating Company Limited (Formerly: JCR-VIS Credit Rating Company Limited) has assessed the fund performance rankings of open-end stock funds for the one, three and five year periods ended December 31st, 2018. This peer group includes only those funds having fund size of less than Rupees one billion as of December 31st, 2018. 3-year and 5-year rankings are based on weighted average performance over the performance horizon and only include those funds which have completed the full term. Following are the star rankings for period end December 31st, 2018:

CATEGORY: OPEN-END STOCK FUNDS < Rs. 1b in SIZE
PERFORMANCE PERIOD: 1, 3 & 5 YEARS

RANKINGS:
First Habib Stock Fund
1-year ranking: MFR 3-Star (Previous – June 30th, 2018: MFR 3-Star)
3-year ranking: MFR 3-Star (Previous – June 30th, 2018: MFR 3-Star)
5-year ranking: MFR 3-Star (Previous – June 30th, 2018: MFR 3-Star)

The above peer group also includes the following funds:

Askari Equity Fund, Faysal Stock Fund (Formerly: Faysal Balanced Growth Fund) , First Capital Mutual Fund, HBL Equity Fund (Formerly PICIC Stock Fund), HBL Energy Fund, JS Large Capital Fund, JS Value Fund, PIML Value Equity Fund.

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. M. Bilal Aftab (Ext: 106) at 35311861-66 or fax to 35311872-3.



Javed Aslam Callea
Advisor

Applicable Criteria: Methodology Update: Explaining The Stars (November 2018) https://www.vis.com.pk/kc-meth.aspx

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Information herein was obtained from sources believed to be accurate and reliable; however, VIS Credit Rating Company Limited 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.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.VIS is not an NRSRO and its credit ratings are not NRSRO credit ratings.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 2018 VIS Credit Rating Company Limited. All rights reserved. Contents may be used by news media with credit to VIS.