Lahore, April 14, 2023 (PPI-OT): Alfalah GHP Money Market Fund (“AMMF” or the “Fund”). The objective of the Fund is to generate competitive returns consistent with low risk from a portfolio constituted of short-term instruments including cash deposits, money market placements and government securities.

The Fund will maintain a high degree of liquidity at all times. The rating reflects the strong strength of the Funds credit and interest rate risk profile. At end Dec’22, ~65.1% of the Fund’s assets were allocated to T bills, ~26.1% in banks, ~1.3% in CPs and the remaining were invested in Others. The duration stood at 18 days, at end Dec’22; limiting the exposure to interest rate risk.

While the WAM of the Fund remained 17 days, at end Dec’22; limiting the exposure to credit risk. The Fund’s unit holding pattern is moderately concentrated with top 10 investors representing ~32.57% of the net assets, limiting the Fund to redemption pressure.

Going forward, the Fund intends to increase allocation towards banks placements. 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