Lakson Money Market Fund

Investment Objective

The investment objective of the Lakson Money Market Fund is to provide stable and competitive returns in line with the money markets, exhibiting low volatility consistent with capital preservation by constructing a liquid portfolio of low risk short term investments.

Investment & Suitability

The fund is best suited for investors with a short-term investment horizon and for cash management, as well as for investors with medium to long-term investment horizons as part of their larger portfolio strategy.

As on November 30, 2018



Returns As at November 30, 2018



Investment Committee

Rating by PACRA


AA

PACRA has maintained the stability rating of the Lakson Money Market Fund (LMMF) at ‘AA (f)’ (Double A – fund rating), an open-end money market fund. The fund’s rating denotes a very strong capacity to manage relative stability in returns and very low exposure to risks.

Key Fund Details 
Fund Type Open-End
Category Money Market Fund
Net Assets*** 7,950
NAV (12/19/2018)* 103.7119
Pricing Mechanism Previous Day
Trustee CDC Pakistan Limited
Auditor BDO Ebrahim & Co.
Management Fee 10% of Gross Earnings subject to a minimum of 0.50% and maximum of 1% of the average annual net assets
Front End Load None
Back End Load None
Launch Date November 13, 2009
Benchmark 70% average 3 months PKRV rates + 30% average 3 months deposit rate of three AA rated banks.
Dealing Days Mon-Fri
Cut-Off Time 4:00 PM
Fund Rating AA(f) by PACRA (29.05.2018)
Risk Profile Low Risk
Asset Manager Rating AM2+ by PACRA (22.12.2017)


* Updated Daily ** Updated Weekly *** Updated Monthly

Performance Analysis: Monthly Returns***

LMMF vs. Benchmark***

As on November 30, 2018



As on November 30, 2018



All returns have been calculated by Morningstar Method.



Performance Comparison
Asset Allocation (%)
Credit Split (%)


As on November 30, 2018

Asset Allocation Instruments (as % of  total assets)






Trustee Fee Details


Disclaimer

All investments in Mutual Funds are subject to market risks. The NAV of units may go up or down based on the market conditions. Past performance is not necessarily indicative of future results. The investors are advised in their own interest to carefully read the Offering Document in particular the investment policies in Clause 2.2 and risk disclosures and warning statements in contained in Clause 2.11 and part 11 in the respective Offering Documents.