Middle Frame

Consolidated List of PACRA's Publicly Disseminated Raking (Sector-Wise) *(As At January 19* *, 2012*)
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Mutual Fund Rating Methodology

	Sr. No	Name Of Organization	Type of	Date of Notification	Rating Assigned
	Sr. No	-	RANKING	(dd/mm/yy)	NORMAL RANKING	Long Term
MUTUAL FUNDS CATEGORIES WISE
MUTUAL FUNDS Ranking (Based on Performance Review Upto the Period Ended June 30, 2011)
1- Asset Allocation Funds-5
1.	1.	Alfalah GHP Value Fund	FR	31-Oct-11	2-Star	4-Star
2.	2.	KASB Asset Allocation Fund	FR	07-Oct-11	1-Star	3-Star
3.	3.	MCB Dynamic Allocation Fund	FR	22-Sep-11	4-Star	4-Star
4.	4.	Pak Oman Advantage Asset Allocation Fund (Formerly; Pak Oman Advantage Stock Fund )	FR	16-Sep-11	3-Star	---
5.	5.	Askari Asset Allocation Fund	FR	05-Oct-11	3-Star	3-Star

2- Islamic Asset Allocation Funds-5
6.	1.	Alfalah GHP Islamic Fund	FR	31-Oct-11	2-Star	4-Star
7.	2.	Dawood Islamic Fund	FR	31-Oct-11	2-Star	3-Star
8.	3.	Pak Oman Islamic Asset Allocation Fund (Formerly; Pak Oman Advantage Islamic Fund)	FR	16-Sep-11	5-Star	---
9.	4.	Pakistan Int'l Element Islamic Fund	FR	22-Sep-11	3-Star	2-Star
10.	5.	Askari Islamic Asset Allocation Fund	FR	05-Oct-11	3-Star	---

3- Balanced Funds-1 (Open End ) -4
11.	1.	NAFA Multi Asset Fund	FR	04-Nov-11	4-Star	3-Star
12.	2.	NAFA Islamic Multi Asset Fund	FR	04-Nov-11	4-Star	4-Star
13.	3.	First Dawood Mutual Fund	FR	31-Oct-11	2-Star	2-Star
14.	4.	Pakistan Capital Market Fund	FR	22-Sep-11	2-Star	3-Star

4- Equity Funds-1 (Open End ) -8
15.	1.	Alfalah GHP Alpha Fund	FR	31-Oct-11	2-Star	---
16.	2.	Atlas Stock Market Fund	FR	27-Sep-11	5-Star	4-Star
17.	3.	IGI Stock Fund	FR	19-Jan-12	4-Star	---
18.	4.	KASB Stock Market Fund	FR	07-Oct-11	2-Star	3-Star
19.	5.	Lakson equity Fund	FR	28-Nov-11	2-Star	---
20.	6.	MCB Dynamic Stock Fund	FR	22-Sep-11	4-Star	5-Star
21.	7.	NAFA Stock Fund	FR	04-Nov-11	4-Star	2-Star
22.	8.	Pakistan Premier Fund	FR	22-Sep-11	3-Star	4-Star
23.	9.	Pakistan Strategic Allocation Fund	FR	22-Sep-11	3-Star	4-Star
24.	10.	Pakistan Stock Market Fund	FR	22-Sep-11	2-Star	4-Star

5- Equity Funds-1 (Close End ) -1
25.	1.	First Capital Mutual Fund	FR	04-Oct-11	4-Star	3-Star

6-Islamic Equity Funds -1
26.	1.	Atlas Islamic Stock Fund	FR	27-Sep-11	4-Star	4-Star

MUTUAL FUNDS Ranking (Based on Performance Review Upto the Period Ended June 30, 2010)
1.	1.	Alfalah GHP Value Fund	FR	25-Oct-10	4-Star	4-Star
2.	2.	Askari Asset Allocation Fund (AAAF)	FR	28-Sep-10	2-Star	3-Star
3.	3.	KASB Asset Allocation Fund	FR	10-Feb-11	1-Star	---
4.	4.	MCB Dynamic Allocation Fund	FR	28-Sep-10	4-Star	---

2- Balanced Funds -4
5.	1.	First Dawood Mutual Fund	FR	05-Jan-11	2-Star	2-Star
6.	2.	Pakistan Capital Market Fund	FR	25-Oct-10	4-Star	4-Star
7.	3.	NAFA Multi Asset Fund	FR	04-Oct-10	3-Star	4-Star
8.	4.	NAFA Islamic Multi Asset Fund	FR	04-Oct-10	3-Star	---
9.	5.	First Dawood Mutual Fund	FR	03-May-10	2-Star	3-Star
						---
3- Equity Funds (Closed-End) -3
10.	1.	Pakistan Premier Fund	FR	25-Oct-10	4-Star	4-Star
11.	2.	Pakistan Strategic Allocation Fund	FR	25-Oct-10	4-Star	4-Star
12.	3.	First Capital Mutual Fund (FCMF)	FR	28-Sep-10	3-Star	2-Star

4- Equity Funds (Open-End) -11
13.	1.	Atlas Stock Market Fund	FR	25-Oct-10	4-Star	--- 4-Star
14.	2.	Alfalah GHP Alpha Fund	FR	25-Oct-10	4-Star	---
15.	3.	KASB Stock Market Fund	FR	10-Feb-11	2-Star	4-Star
16.	4.	Pakistan Stock Market Fund	FR	25-Oct-10	4-Star	4-Star
17.	5.	IGI Stock Market Fund (IFL)	FR	28-Sep-10	4-Star	---
18.	6.	Lakson equity Fund	FR	17-Mar-11	3-Star	---
19.	7.	MCB Dynamic Stock Fund (MCBDSF)	FR	28-Sep-10	4-Star	5-Star
20.	8.	NAFA Stock Fund	FR	04-Oct-10	3-Star	1-Star
21.	9.	National Investment (Unit) Trust - NIT	FR	28-Sep-10	3-Star	2-Star
22.	10.	Pak Oman Advantage Stock Fund	FR	06-Oct-10	1-Star	---
23.	11.	Atlas Islamic Stock Fund	FR	25-Oct-10	3-Star	4-Star

5- Fund of Funds -0
						---
6- Islamic Asset Allocation Funds -4
24.	1.	Alfalah GHP Value Fund (AGVF)	FR	25-Oct-09	4-Star	---
25.	2.	Askari Islamic Asset Allocation Fund	FR	22-Mar-11	4-Star	---
26.	3.	Dawood Islamic Fund	FR	05-Jan-11	2-Star	4-Star
27.	4.	Pakistan International Element Islamic Fund	FR	25-Oct-10	3-Star	2-Star
28.	5.	Pak Oman Advantage Islamic Fund	FR	06-Oct-10	2-Star	---

7-Islamic Equity Funds -0

MUTUAL FUNDS Ranking (Based on Performance Review Upto the Period Ended June 30, 2009)
Asset Allocation Funds
	1.	Alfalah GHP Value Fund (AGVF)	FR	14-Oct-09	5-Star	4-Star
Balanced Funds
	3.	First Dawood Mutual Fund	FR	03-May-10	2-Star	3-Star
	4.	KASB Balance Fund Fund (KASBF)	FR	01-Feb-10	3-Star	---
	5.	NAFA Multi Asset Fund (NAFA-MAF)	FR	14-Oct-09	3-Star	---
	6.	NAFA Islamic Multi Asset Fund (NAFA-IMAF)	FR	14-Oct-09	5-Star	---
Equity Funds (Closed-End)
	1.	First Capital Mutual Fund (FCMF)	FR	10-Feb-09	1-Star	3-Star
Equity Funds (Open-End)
	8.	Atlas Stock Market Fund (ASMF)	FR	08-Oct-09	3-Star	3-Star
	9.	AMZ Plus Stock Market Fund (APSF)	FR	14-Nov-09	2-Star	2-Star
	10.	KASB Stock Market Fund (KSMF)	FR	01-Feb-10	4-Star	---
	11.	MCB Dynamic Stock Fund (MCBDSF)	FR	15-Mar-10	4-Star	---
	12.	NAFA Stock Fund (NAFA-SF)	FR	14-Oct-09	2-Star	--
	13.	National Investment (Unit) Trust - NIT	FR	14-Oct-09	2-Star	3-Star
	14.	National Investment (Unit) Trust - NIT-LOC	FR	14-Oct-09	2-Star	---
Fund of Funds
					---	---
Income Funds
	16.	Alfalah GHP Income Multiplier Fund (AGIMF)	FR	14-Oct-09	2-Star	---
	17.	AMZ Plus Income Fund (APIF)	FR	14-Nov-09	2-Star	2-Star
	18.	IGI Income Fund (IGIF)	FR	16-Oct-09	3-Star	---
Asset Allocation Funds
	19.	Alfalah GHP Islamic Fund (AGIFF)	FR	14-Oct-09	4-Star	---
	20.	Dawood Islamic Fund	FR	03-May-10	4-Star	---
	21.	MCB Dynamic Allocation Fund (MCBDAF)	FR	26-Jan-10	3-Star	---
Islamic Funds
	22.	Atlas Islamic Fund (AIF)	FR	08-Oct-09	4-Star	---
Money-Market Funds
	23.	Dawood Money Market	FR	03-May-10	2-Star	1-Star
	24.	NAFA Cash Fund (NAFA-CF)	FR	14-Oct-09	3-Star	4-Star

⁴ Fund Ranking

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