Karachi, September 29, 2016: JCR-VIS Credit Rating Company Limited (JCR-VIS) has assessed the fund performance rankings of open-end stock funds for the one, three and five year periods ended June 30, 2016. This peer group includes only those funds having fund size of less than Rupees one billion as of June 30, 2016. 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 June 30, 2016:
CATEGORY: OPEN-END STOCK FUNDS < Rs. 1b in SIZE
PERFORMANCE PERIOD: 1, 3 & 5 YEARS
First Habib Stock Fund
1-year ranking: MFR 2-Star (Previous - December 31, 2015: MFR 3-Star)
3-year ranking: MFR 3-Star (Previous - December 31, 2015: MFR 1-Star)
5-year ranking: MFR 1-Star (Previous - December 31, 2015: MFR 1-Star)
PIML Value Equity Fund
1-year ranking: MFR 3-Star (Previous -N/A)
The above peer group also includes the following funds:
Alfalah GHP Alpha Fund, First Capital Mutual Fund, JS Value Fund, PICIC Energy Fund, PICIC Stock 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. M. Bilal Aftab (Ext: 220) at 35311861-71 or fax to 35311872-3.
Javed Aslam Callea
Applicable Criteria: Methodology Update: Explaining The Stars (December 2013)
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.
JCR-VIS Credit Rating Company Limited. All rights reserved.
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