Lahore, April 14, 2023 (PPI-OT): Alfalah GHP Income Multiplier Fund (“AIMF” or the “Fund”) is a medium-risk profile fund. The primary investment objective of the fund is to aim to generate stable and consistent returns while seeking capital growth through a diversified portfolio of high-quality debt securities and liquid money market instruments and placements.

The rating reflects the adequate strength of the Fund’s credit and interest rate risk profile emanating from its investment policy. At end Dec’22, ~98.1% of Fund’s size was placed in banks rated ‘A+’ and above, whereas ~1.9% in Others.

The WAM and duration of the Fund remained 1 day, at Dec’22, limiting the Fund to credit risk and interest rate risk. The unit holding pattern of the Fund is highly concentrated with top ten investors representing ~98.19% of the Fund’s assets, which exposes the Fund to high level of redemption pressure.

Going forward, the Fund should diversify its portfolio by investing in different avenues. Material changes in the Fund’s asset allocation strategy, impacting its credit quality and/or exposure to interest rate risk, would affect the rating.

For more information, contact:

Analyst,

The Pakistan Credit Rating Agency Limited (PACRA)

Awami Complex, FB1, Usman Block New Garden Town,

Lahore, Pakistan

Tel: +92-42-5869504-6

Fax: +92-42-5830425

Email: hammad.rashid@pacra.com

Website: www.pacra.com