Lahore, March 11, 2023 (PPI-OT): MCB DCF Income Fund (the “Fund”) is a medium-risk profile fund. At end Dec’22, largely the portfolio was invested in Government Sukuk/Securities of 77.6%, 18.4% in TFCs/Sukuks, 2.4% in Cash at Banks, while remaining was invested in others. The Fund had weighted average maturity of 1.8 years mainly due to investments in PIBs and T-bills. The Duration of the Fund stood at 55 days, depicting low interest rate risks. Investor concentration stood at 25.3% showing low redemption pressure.
Going forward, following the investment policy and market circumstances, the Fund may increase exposure in banks, spread transactions and short-term government papers. 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
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