Lahore, April 14, 2023 (PPI-OT):AWT Money Market Fund (or the “Fund”) is the low risk profile. The assigned rating reflects the Fund’s low credit risk profile emanating from its asset allocation. The Fund had allocated ~73.5% in T-bills, ~15.8 in cash majority in AA+ rated bank, ~7.5% in commercial papers rated AA whereas ~2% in TFC/Sukuks rated AA and ~1.2% in others at the end Dec’22.

The duration and the WAM of the Fund stood at 40 days at end Dec’22, exposing low interest rate and credit risk. The top 10 investors concentration of the Fund, at Dec’22 was ~72.86%, giving rise to low redemption pressure Going forward, any material changes in the Fund’s asset allocation strategy, which could negatively impact the fund’s credit quality and exposure to interest rate risk, remain critical for 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