PACRA maintains Stability Rating of Askari High Yield Scheme

Askari High Yield Scheme Fund (“AHYS” or the “Fund”) upholds its position as a moderate-risk investment vehicle. The Fund continues to follow a disciplined investment strategy that emphasizes diversification, liquidity management, and credit quality, thereby providing investors with a competitive income profile while containing risk exposures. As of June 2025, the Fund’s portfolio reflected a measured allocation mix, with approximately 49.6% invested in bank placements to ensure liquidity buffers, 19.43% allocated towards Term Finance Certificates (TFCs), and the remaining 30.98% diversified across other avenues. On the credit spectrum, AHYS demonstrated a cautious approach, with 41.32% of investments parked in A+ rated instruments and 19.43% allocated to AA-rated exposures, while the balance was distributed across other investment-grade assets, thereby maintaining an appropriate credit quality structure. As of June 2025, the Fund’s duration stood at 18 days, underscoring its very low exposure to interest rate movements. Conversely, the weighted average maturity (WAM) of 521 days highlighted exposure to longer-tenor assets, thereby introducing elevated credit risk. While the Fund’s investor base remains concentrated, with the top 10 investors representing 90% of total units, proactive liquidity management practices remain central to mitigating redemption and liquidity pressures, ensuring stability for all unitholders.
Going forward, any material changes in the investment policy and/or compliance with the rating criteria for the assigned rating would have an impact on the ratings.

About the Entity
Pak Oman Asset Management Company Limited was incorporated on July 28, 2006, as a public unlisted company. It is licensed by the Securities and Exchange Commission of Pakistan to carry out asset management and investment advisory services under the Non-Banking Finance Companies Regulations. The company is a majority owned subsidiary of Pak Oman Investment Company Limited (99.46%). The remaining shareholders include Oman International Development and Investment Company, SAOG (0.54%). The company’s Board of Directors comprises six members including the managing director of Pak Oman Investment Company Limited, Mr. Nauman Ansari. The board’s chairman H.H. Sayyid Juland Jaifar Salim Al-Said has over 15 years of experience at the Oman Investment Authority (OIA) (Previously known as State General Reserve Fund). The company’s diverse product slate includes nine open end funds as of Dec'24 belonging to all major categories. The AUMs of the Company stood at ~PKR 2,353mln at the end of Dec'24.