Fund of Funds

Meezan Strategic Allocation Fund

Investment Objective

Meezan Strategic Allocation Fund’s objective is to actively allocate its portfolio between the equity schemes and fixed income/money market schemes based on the macroeconomic view of the fund manager on such asset classes.

Investment Strategy

The Allocation Plan(s) under this fund shall primarily invest in Shariah Compliant Islamic Equity and Islamic Index Funds managed by Al Meezan and also other Asset Management Companies subject to prior approval of the Shariah Advisor. Whereas for taking exposure to Fixed Income/Money Market, the plans shall invest in Islamic Money Market and Islamic Fixed Income Funds managed by Al Meezan or other Asset Management Companies as well as in Cash at Bank Accounts of Islamic Banks and licensed Islamic Banking windows of conventional banks (excluding TDRs) as approved by the Shariah Advisor.

Benefits at a Glance

  • Strategy reflective of investor’s risk appetite as market conditions change
  • Professional Management of your savings by experienced fund managers with a proven track record
  • Under the supervision of a reputable Shariah Advisor; Dr. Imran Ashraf Usmani

Choose this Fund If You Are Seeking

  • Active Allocation between Equity and Money Market
  • Risk Controlled Strategy

Fund Facts

Fund Type

Open End

Fund Category

Fund of Funds

Launch Date

19th Oct, 2016 (MSAP I)

21-Dec-16 (MSAP II)
16-Feb-17 (MSAP III)
20-Apr-17 (MSAP IV)
10-Aug-17 (MSAP V)
19-Dec-17 (MCPP-III)

Fund Size

0.45 Bn

as of 30th April, 2024

Benchmark


Weighted avg. return of KMI 30 Index and Fixed Income/ Money Market Scheme as per actual

Risk Profile

Medium to High

Plan Specific

Unit Types

B and C

Management Fee

1%

1% if investment is made in CIS of other AMCs or Cash/ near cash instruments

Actual Rate of Management Fee

1%

Management fee of 1% on investments in Cash/ near cash instruments

Front End Load

3.0%

Bank End Load

Contingent Load of 3%

if redeemed within one year of close of Initial Subscription Period. Nil after one year

Trustee

CDC

Central Depository Company

Listing

PSX

Pakistan Stock Exchange

Fund Manager

Asif Imtiaz

CFA

Asset Manager Rating

AM1

by VIS & PACRA
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Fund Performance

FY23 FY22 FY21 FY20 FY19 FY18* FY17* FY16 FY15
MSAF-I1 3.30% -6.25% 26.96% 7.93% -17.10% -12.80% 8.90% - -
Benchmark 3.60% -7.23% 30.07% 5.99% -16.00% -7.10% 8.10% - -
MSAF-II2 3.37% -6.61% 26.29% 6.51% -15.90% -12.80% -1.20% - -
Benchmark 3.51% -7.28% 29.94% 5.37% -16.10% -7.20% -2.80% - -
MSAF-III3 3.26% -7.41% 27.13% 6.73% -16.10% -13.10% -3.30% - -
Benchmark 3.66% -7.29% 29.92% 5.41% -16.10% -7.00% -5.00% - -
MSAF-IV4 2.87% -6.78% 27.49% 6.89% -16.10% -11.90% -3.00% - -
Benchmark 3.60% -7.29% 30.08% 5.45% -16.10% -6.40% -6.50% - -
MSAF-V5 2.65% -7.52% 28.25% 6.47% -15.90% -2.50% - - -
Benchmark 3.72% -7.26% 29.80% 5.91% -16.10% 2.70% - - -
MCPP-III6 11.95% 5.13% 7.72% -0.69% 6.10% 0.20% - - -
Benchmark 5.36% 1.32% 3.98% -2.41% -0.90% -0.40% - - -
* 1 - 254 days of Operations, 2 - 191 days of Operations, 3 - 134 days of operation, 4 - 71 days of Operations, 5 - 323 days of operation, 6 - 192 days of operation