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ABL Islamic Dedicated Stock Fund (ABIDES.INF)

NAV 5.809PKR -0.1642.740%
Also known as: ABL Islamic Dedicated Stock|Shariah Compliant|As of 16 Aug 2019

Fund Facts

StatusActive
Asset Type Equity
Geographic FocusPakistan
DomicilePakistan
Lipper GlobalEquity Pakistan
StructurePK- Open-ended Fund
Inception DateDecember 2016
CurrencyPKR
Fund Size687,540,000 PKR
NAV FrequencyPricing Daily, Mon-Fri
Administrator ABL Asset Management Company Limited
Sponsor ABL
Fund Manager ABL Asset Management Company Limited
Investment Advisor ABL Asset Management Company Limited

Fund Returns

1 Month-6.015%
3 Months-13.106%
YTD*-13.582%
1 YearGet Lipper
3 YearsGet Lipper
5 YearsGet Lipper
Since InceptionGet Lipper

Ratios

Beta0.982
Alpha0.176
Sharpe Ratio-0.625
Information RatioGet Lipper
Annusalised Standard DeviationGet Lipper

Investment Strategy

The objective of ABL Islamic Dedicated Stock Fund is to provide capital appreciation to investors of Fund of Funds schemes by investing in Shariah compliant equity securities. The maximum and minimum weightings of the Fund at any time in the Authorized Investments shall be as follows:-Deposits and GoP Ijarah Sukuk not exceeding 90 days maturity; 0%-30% -Shares/Stocks of listed companies permitted by the Shariah Advisor 70%-100% -Shariah Compliant equity investments outside Pakistan and foreign currency bank deposits 0%-30%

Fund Performance

NAV (SAR)
5.809
Change
-0.164 (2.740%)
Previous Close
5.973
12 Months High
8.732
12 Months Low
5.809

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