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NBP Islamic Energy Fund (NIEF) NBP FUNDS Managing Your Savings

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NBP Islamic Energy Fund (NIEF) NBP FUNDS Managing Your Savings NBP Islamic Energy Fund (NIEF) NBP FUNDS Managing Your Savings Formerly; NAFA Islamic Energy Fund (NIEF) Islamic Savings Unit Price (30/11/2019): Rs. 10.1932 November 2019 % Nov FYTD Rolling FY FY FY Last 3 Since Launch* Performance Period 12 2019 2020 Months 2019 2018 2017 Years* April 21, 2016 NBP Islamic Energy Fund 11.0% 11.4% (12.8%) (27.8%) (3.2%) 32.2% (4.2%) 3.4% Formerly; NAFA Islamic Energy Fund (NIEF) 12.3% 15.9% (8.3%) (23.8%) (9.6%) 18.8% (4.2%) 1.7% * Annualized Return The performance reported is net of management fee & all other expenses and based on dividend reinvestment All Other returns are Cumulative gross of with-holding tax where applicable. Launch Date: April 21, 2016 The objective of NBP Islamic Energy Fund is to provide investors with long term Fund Size: Rs. 592 million Type: Open Ended Shari'ah Compliant Equity capital growth from an actively managed portfolio of Shari’ah Compliant listed Scheme equities belonging to the Energy Sector. Dealing Days: Daily – Monday to Friday Dealing Time: (Mon - Thr) 9:00 A.M to 4:30 P.M ‘ (Friday) 9:00 A.M to 5:00 P.M Settlement: 2-3 business days NBP Funds launched its third open-end Islamic Equity Fund namely NBP Pricing Mechanism Forward Pricing Islamic Energy Fund (NIEF) in April, 2016. The aim of the Fund is to provide Load:** Front End Load (Individual): 3% (Nil on growth to the investment of unit holders over the long-term in approved investment above Rs. 101 million) Shariah Compliant energy stocks. Front End Load (Other): 3% (Nil on investment above Rs. 50 million) Back End Load: NIL NIEF started off the month with an allocation of around 92% in equities, which was Management Fee: 1.5% p.a w.e.f 12-Jul-19 maintained towards the end of the month. NIEF underperformed the Benchmark in Total Expense Ratio (%) 4.24% p.a (including 0.70% government levies) Selling & Marketing Expenses 1.15% per annum November as the Fund was overweight in select Energy sectors stocks which Risk Profile High underperformed the market. During the month, the allocation was increased primarily Listing: Pakistan Stock Exchange in Oil & Gas Marketing Companies and Power Generation & Distribution Companies Custodian & Trustee: Central Depository Company (CDC) sectors, whereas it was reduced primarily in Oil & Gas Exploration Companies sectors. Auditors: A. F. Ferguson & Co. Chartered Accountants Top Ten Holdings (as on November 30, 2019) Benchmark: KMI-30 Index Fund Manager: Taha Khan Javed, CFA % of Total % of Total Minimum Growth Unit: Rs. 10,000/- Assets Assets Subscription: Income Unit: Rs. 100,000/- Hub Power Company Ltd 15.0% Sui Northern Gas Ltd 9.4% Asset Manager Rating: AM1 by PACRA ( Very High Quality) Mari Petroleum Company Ltd 14.8% Pakistan State Oil Co Ltd 4.7% **effective from January 02, 2017 Oil & Gas Dev Co Ltd 12.4% Hi-Tech Lubricants Ltd 4.0% Asset Allocation (% of Total Assets) 30-Nov-19 31-Oct-19 Pak Petroleum Ltd 12.0% Attock Petroleum Ltd 3.3% Equities / Stocks 92.0% 92.4% Pakistan Oilfields Ltd 11.8% K-Electric Ltd 1.9% Cash Equivalents 7.0% 4.8% Others including receivables 1.0% 2.8% Total 100.0% 100.0% Dr. Amjad Waheed, CFA Leverage Nil Nil Sajjad Anwar, CFA Taha Khan Javed, CFA Hassan Raza, CFA PER PBV DY NIEF 6.1 1.9 5.0% KMI-30 7.6 1.2 57% *** Based on NBP Funds estimates Sectors (% of Total Assets) (as on November 30, 2019) Oil & Gas Exploration Companies 51.0% Oil & Gas Marketing Companies 21.4% Power Generation & Distribution 18.8% Refinery 0.8% Sindh Workers' Welfare Fund (SWWF) The Scheme has maintained provisions against sindh worker’s welfare Fund’s liability to the tune of Rs. 15,065,533/- if the same were not made the NAV Per unit/return of the Scheme would be higher by Rs 0.2595/2.22%. For details investors are advised to read the note 5 of the latest Financial Statements. Notes: 1) The calculation of performance does not include cost of front end load. 2) Taxes apply. Further, tax credit also available as per section 62 of the Income Tax Ordinance, 2001. Disclaimer: This publication is for informational purposes only and nothing herein should be construed as a solicitation, recommendation or an offer to buy or sell any fund. All investments in mutual funds are subject to market risks. Past performance is not necessarily indicative of future results. Please read the Offering Documents to understand the investment policies and the risks involved. Page 11.
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