Atlas Liquid Fund
Atlas Liquid Fund (ALF) was established by a Trust Deed dated July 30, 2021, between Atlas Asset Management Limited, as Management Company and Central Depository Company of Pakistan Limited (CDC), as Trustee.
The objective of Atlas Liquid Fund (ALF) is to provide competitive return to its investors (with a periodic payout) by investing in low risk, highly liquid and short duration portfolio consist of money market instruments.
The Fund invests in money market instruments with a maximum time to maturity of six months for any asset whereas, weighted average time to maturity of the fund cannot exceed 90 days. This is intended to reduce risk while maintaining liquidity. The Fund’s investment strategy is based on fundamental credit analysis of counterparties. The Fund primarily invests in short term government securities/bank deposits and other short term money market instruments subject to such exposure limits as are specified in the Rules, the Regulations and directives issued by SECP from time to time. The Fund will make periodic payout to the unit holders, which shall be reinvested.
| Fund Launch Date | : | November 23, 2021 |
| Type | : | Open-ended |
| Category | : | Money Market Scheme |
| Dealing Days | : | Monday to Friday |
| Cut Off Timings | : | 9:00 a.m. to 4:00 p.m. (For Same Day Redemption till 10:00 a.m.) |
| Front End Load | : | Nil |
| Pricing Mechanism | : | Backward Pricing |
| Management Fee | : | Up to 1.25% Actual Rate of Management Fee will be disclosed in Monthly FMR |
| Fund Risk Profile | : | Low |
| Rating | : | AA+ (f) PACRA (as on 7-May-2025) |
| Listing | : | Pakistan Stock Exchange |
| Duration | : | Perpetual |
| IPO/Subscription Period | : | Executed |
| Trustee | : | Central Depository Company of Pakistan Limited (CDC) House 99-B, Block B, CDC Main Shahra-e-Faisal, Sindhi Muslim Cooperative Housing Society (SMCHS), Karachi, 74400 |
| Registrar | : | ITMinds Limited: 99-B, Block “B”, S.M.C.H.S., Shahrah-e-Faisal, Karachi. |
| Auditor | : | A. F. Ferguson & Co. |
| Financial Year Ending | : | June 30 |
| Minimum Investment | : | Rs. 5,000/- |
| Payout Frequency | : | Dividend payout on periodic basis (i.e. Daily, Weekly, Monthly, Quarterly and Yearly) will be distributed to the unit holder(s). |
| Benchmark | : | 90% three months PKRV rates + 10% three (3) months average of the highest rates on savings account of three (3) AA rated scheduled Banks as selected by MUFAP. |
| Total Expense Ratio (TER) | : | Investors are advised to consult the Fund Manager Report (FMR) of the respective CIS for the latest information pertaining to the updated TER. |
| Applicable Taxes | : | Income earned in the form of dividend or capital gain shall be charged at a rate as specified in Income Tax Ordinance 2001. |
| Disclaimer | : | Before you invest, you are encouraged to review the detailed features of the Fund in the offering document and/ or Monthly Fund Manager Report. |
| Asset Management Company | : | Atlas Asset Management Limited, Ground Floor, Federation House, Sharae Firdousi, Clifton, Karachi-75600. Telephone # (92-21) 35379501-4 |
