PACRA Maintains the Stability Rating of Lakson Islamic Money Market Fund

Lakson Islamic Money Market Fund ("LIMMF" or "the Fund") is categorized under a low-risk profile, with the objective of providing stable and competitive returns with low volatility through a Shariah compliant liquid portfolio of low-risk, short-term investments. As of Dec'25, the Fund's Assets Under Management (AUM) stood at PKR 3,948mln, compared to PKR 4,333mln as of Jun'25 (the last review), reflecting a modest contraction in fund size during the review period, broadly in line with the industry trend of investor reallocation amid the prevailing monetary easing cycle. In terms of asset allocation, approximately ~61% of the portfolio was invested in placements with banks/DFIs, 28% in cash, 9% in short-term sukuks, and the remainder in other eligible instruments, reflecting a well-structured Shariah compliant portfolio with a strong emphasis on liquidity. From a credit quality perspective, approximately ~32% of the Fund's assets were invested in Government Securities and AAA rated instruments, while ~61% were placed in AA+ rated avenues, ~5% in AA rated instruments, and the remainder in other exposures. The overall credit profile is considered sound and well-structured, underpinned by a dominant allocation to high-grade Shariah compliant instruments that provides a resilient foundation to the portfolio. The Fund's Weighted Average Maturity (WAM) stood at 32 days as of Dec'25, reflecting limited sensitivity to interest rate movements and supporting the Fund's adequate liquidity position. The short duration positioning affords the Fund meaningful flexibility to reprice its portfolio in response to evolving monetary policy and market conditions. In terms of performance, the Fund reported an annualized one-year return of 10.78% as of Dec'25, against a benchmark return of 10.39%, reflecting an outperformance of approximately 39 basis points. This above-benchmark outcome is indicative of the Fund's effective portfolio management within the Shariah compliant investment universe, demonstrating its ability to generate competitive risk-adjusted returns while maintaining its conservative, low-risk investment discipline.
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 rating.

About the Entity
Lakson Investments Limited (LIL), the premier investment management arm of the esteemed Lakson Group, was incorporated on January 02, 2009, as an unlisted public company. Licensed to provide Asset Management, Investment Advisory, and Private Fund Management services, LIL has distinguished itself as a forward-thinking financial institution with a diversified portfolio. A market pioneer, Lakson Investments is the only Asset Management Company (AMC) in Pakistan offering global market exposure through its Lakson Asset Allocation Developed Markets Fund. The company further strengthens its investment ecosystem by managing a private equity and venture capital fund, alongside a robust suite of mutual funds and separately managed accounts (SMAs). Under the leadership of Mr. Babar Ali Lakhani (CEO), a seasoned investment professional with over 23 years of experience in domestic and international equity and fixed income markets, LIL continues to drive strategic growth and portfolio excellence. The company is further guided by the visionary stewardship of Mr. Iqbal Ali Lakhani, Chairman of the Lakson Group, who also chairs Lakson Investments’ Board of Directors. As of Dec 2025, the company’s Assets Under Management (AUM) stood at ~PKR 96 billion, underscoring its strong market presence and investor confidence. Lakson Investments remains committed to innovation, prudent risk management, and value creation, reinforcing its position as a trusted leader in Pakistan’s asset management landscape.