ALFALAH GHP INCOME MULTIPLIER FUND

• Profile

• Investment Objective

• Risk Control in Investment Process

• Types of Units

• Characteristics of Units

• Payment for Purchase of Units

• Payment for Redemption of Units

• Distribution Policy

• Disclaimer

  
  Profile
  
  Alfalah GHP Income Multiplier Fund is an open ended income fund with the objective of seeking to generate an attractive return, consistent with prudent risk, from a portfolio which is substantially constituted of high quality debt securities and liquid money market instruments and placements. Henceforth, the Fund will allow the investors to participate in the overall performance of fixed income / money market and take advantage of a diversified and actively managed portfolio.
  
  An income fund is characterized by the following;
  1. Seeking preservation of capital; and
  2. Aiming to generate consistent positive returns in real terms (surpassing inflation)
  

  Top

  
  Investment Objective
  
  The primary investment objective of the Fund is to aim to generate stable and consistent returns while seeking capital preservation through a diversified portfolio of high quality debt securities and liquid money market instruments and placements.
  
  Risk Control in Investment Proces
  
  Investment process requires disciplined risk management. AGIMF will incorporate adequate safeguards for controlling risks in the portfolio construction process. The risk control process involves reducing risks through optimal portfolio diversification. AGIMF believes that this diversification would help achieve the desired level of consistency in returns.
  
  Types of Units
  
  

  1. Regular Units
  The Unit value grows in line with the appreciation in the Net Assets Value (NAV), and the Unit Holders are entitled to any interim and annual distribution announcements as made by the Management Company from time to time
  2. Systematic Withdrawal Units
  The Unit Holder(s) at the time of investment in such Units will inform the Management Company about the fixed payment that they would like to receive on Regular Period(s) i.e. monthly, quarterly or semi-annual and redeem fixed percentage of their outstanding investment balance or fixed amount at the chosen Relevant Period(s). Systematic Withdrawal Unit Holders are also entitled to any interim and annual distribution announcements as made by the Management Company from time to time

  Top

  Characteristics of Units
  
  

  Characteristic	Regular Units	Systematic Withdrawal Units
  Minimum Investment	PKR 10,000	PKR 100,000
  Subsequent	PKR 5,000	PKR 25,000
  Front-end Load	0.00%
  Back-end Load	0.00%
  Management fee
  The current level of management fees is 1.25% (one hundred and twenty five basis points) per annum of the average daily Net Assets Value of AGIMF

  
  Payment for Purchase of Units
  
  Payment for the Fund Units can be made in the form of:
  (a) Cheque (marked account payee only in favor of CDC-Trustee Alfalah GHP Income Multiplier Fund);
  (b) Demand draft or Pay-order in favor of CDC-Trustee Alfalah GHP Income Multiplier Fund
  
  Payment for Redemption of Units
  
  Units are purchased at the Offer Price and redeemed at the Redemption Price at any of the Authorized Distribution Offices on any Business Day during business hours as announced by the Management Company from time to time. The maximum interval between receipt of a properly documented request for redemption of Units and the payment to the Unit Holder shall not exceed six (6) Business Days.
  

  Top

  
  Distribution Policy
  
  The net amount available for distribution at the end of the financial year (or such interim period as may be decided by the Management Company), shall comprise of the revenues earned by the Fund including the net impact of the revenue collected and paid out in the NAV calculation through Purchase (Offer) and Redemption (Repurchase) of Units, less all expenses incurred or accrued attributable to the Fund.
  
  Disclaimer
  
  The tax and Zakat information given above is based on the Management Company's tax adviser's interpretation of the law, which to the best of the Management Company's understanding is correct but Investors are expected to seek independent advice so as to determine the taxability arising from their investment in the Units of the Fund. Furthermore, tax and Zakat laws, including rates of taxation and of withholding tax are subject to amendments from time to time. Any such amendments in future shall be deemed to have been incorporated herein.