PACRA Maintains Stability Rating of ABL Money Market Fund

ABL Money Market Fund ("ABL MMF" or "The Fund"), a low-risk investment solution focused on capital preservation and liquidity, continues to demonstrate resilience through its disciplined approach to portfolio management. The Fund maintains its commitment to stability by investing in high-quality short-term instruments while ensuring immediate liquidity access for investors. As of December 2024, the Fund's asset allocation reflects its conservative mandate, with 60.89% invested in Treasury Bills (T-Bills), providing sovereign-backed security and short-term stability. The portfolio further includes 23.88% allocated to bank placements with reputable financial institutions, ensuring liquidity and capital protection. An additional 14.86% is placed in Pakistan Investment Bonds (PIBs), contributing to portfolio diversification while maintaining government credit assurance. The remaining 0.37% is strategically distributed across other permissible instruments, demonstrating the Fund's measured approach to portfolio construction. The Fund maintains a very strong credit quality, with 99.62% of holdings in AAA-rated instruments and Government securities, effectively minimizing credit risk exposure. The marginal 0.38% allocation to other rated avenues is carefully selected under strict risk parameters, preserving the Fund's overall credit integrity. With a weighted average maturity (WAM) of 72 days, the Fund demonstrates a balanced risk management, limiting exposure to interest rate fluctuations while maintaining optimal liquidity.
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
Incorporated in 2007, ABL AMC is a wholly owned subsidiary of Allied Bank Limited (ABL). ABL operates with 1,400 plus branches including 117 Islamic banking branches, 8 Digital/ Self Service branches & 2 overseas branches. ABL AMC possesses licenses for asset management, pension management and investment advisory services. As the leading private sector asset management and investment advisory Company in Pakistan, offerings include a comprehensive range of both Conventional and Shariah Compliant investment solutions across all major asset classes. Assets under management of the Company stood at ~PKR 365,051 mln at the end of Dec'24.