AWT Income Fund
Overview
AWT Income Fund focus on providing investors with a steady stream of fixed income. The fund invest in short term and long term debt instruments like Term Finance Certificates (TFCs) which are issued by corporations and government securities such as Treasury Bills and Pakistan Investment Bonds (PIBs). AWT Income fund also maintains on monthly average at least 25% of its net assets in cash and/or near cash instruments to meet liquidity requirements.
Fund Objective
The objective of AWT Income Fund, an open-end Income Fund, is to generate competitive returns by investing in short to long term debt instruments and securities.
| Fund Details | |
| Fund Type | Open End |
| Category | Income scheme |
| Inception Date | 9th August 2012 |
| Pricing Mechanism | Forward |
| Benchmark | Average of 6M KIBOR rates for the period under review. |
| Management Co. Rating | AM3++ by PACRA (5th Aug 2022) |
| Fund Stability Rating | A+(f) by PACRA (13-Apr-23) |
| Management Fee | 1% |
| Load | 1% (Front-end) 0% (Back-end) |
| Risk Profile | Medium |
| Listing | Pakistan Stock Exchange |
| Trustee | Central Depository Company of Pakistan Ltd |
| Auditor | Yousaf Adil (Chartered Accountant) |
| Legal Advisor | Rizwan Faiz Associates |
| Fund Manager | Wahaj Ahmed |
| Minimum Investment | PKR. 1000 |
