Products & Services

JS Islamic Hybrid Fund of Funds 

Term Sheet

Term Sheet  
Fund Name

JS Islamic Hybrid Fund of Funds

Fund Type

Open – end Shariah Compliants Fund Of Funds Scheme

Investment Objective
JS Islamic Hybrid Fund of Funds aims to generate need based returns for its clients by offering several Allocation Plans with varying mix of exposures to low / high risk asset classes via underlying mutual funds. Investment Objectives of the Allocation Plans initially offered under JSIHFOF are as follows:

Mustanad (Income Focused Plan): To provide a stable stream of income by investing solely in "Income Portion" and Cash instruments. This Allocation Plan is suitable for Investors who have very low risk tolerance.

Mustahkem (Balanced Plan with Income preference): To provide enhanced returns by primarily investing "Income portion", and enhance returns through limited exposure to "Equity Portion".
This Allocation Plan is suitable for Investors who have low to moderate risk tolerance.


Mutanasib (Active Allocation Plan): To provide high risk-adjusted returns through a robust and active asset allocation strategy between "Equity Portion" and "Income portion". The Plan shall attempt to benefit from performance of Equity schemes and limit downside risk by active reallocation of its portfolio between Equity Portion and Income Portion. This Allocation Basket/Plan is suitable for Investors who have a relatively higher risk tolerance.

Mufeed (Balanced Plan with Equity preference): To provide enhanced growth potential by taking high exposure in "Equity Portion", while keeping an appropriate exposure to "Income portion", to optimize risk. This Allocation Plan is suitable for Investors who have a moderate to high risk tolerance.

Munafa(Equity Focused Plan): To provide high risk-adjusted returns through a dedicated strategy of investment in "Equity Portion". This Allocation Basket/Plan is suitable for Investors who have a high risk tolerance.
• "Income portion" - The universe shall consist of all Shariah Compliant Sovereign, Income and Money Market schemes approved for offering in Pakistan by SECP. • "Equity portion" - The universe shall consist of all Shariah Compliant Equity schemes approved for offering in Pakistan by SECP.
Allocation Plan Exposure Limits (as % of Net Assets)
Income Portion Equity Portion
Mustanad Up to 100% 0%
Mustahkem Up to 100% Up to 30%
Mutanasib 0% -100% 0%-100%
Mufeed Up to 30% Up to 100%
Munafa 0% Up to 100%
Fund Rating*


Investment Manager JS Investments Limited
Launch Date 7th Jun, 2017
Financial Year End June 30
Benchmark Weighted average daily return of KMI 30 index, six (6)/ three (3) month average deposit rates of three (3) 'A' rated scheduled Islamic Banks or Islamic Banking windows of scheduled Commercial Banks, as selected by MUFAP based on actual proportion of the Equity Portion consisting of Shariah Compliant Equity Funds, Income Portion consisting of Shariah Compliant Income and Money Market Funds, and any Cash or Near cash instruments in each of the Allocation Baskets"
Par Value PKR 100
Minimum Period
Minimum Investment 1 Unit
Front End Load Mustanad 0% | Mustehkam 0.5% | Mutanasib Up to 3% | Mufeed Up to 3% | Munafa Up to 3% of NAV(FED & SST rate applicable)
Contingent Load None

Management Fee

Pricing

Nil (Up to 1% M.Fee p.a. applicable on investments made in CIS not managed by JSIL

Trustee/Custodian MCB Financial Services Limited
Auditors KPMG Taseer Hadi & Co.
Risk Profile Low-Moderate-High (as per allocation basket/plan)
Regulator Securities & Exchange Commission of Pakistan (SECP)
Taxation Exempt on distribution of 90% of profits as dividends
Listing Pakistan Stock Exchange
Shariah Advisory

Al-Hilal Shariah Advisors | Mufti Irshad Ahmad Aijaz

Net Assets as on 30th June, 2018 PKR mn
NAV as on 20th September, 2019 101.55

Fund Manager Report

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COMPANY'S OWN COMPLAINT HANDLING INFORMATION

DISCLAIMER: "In case your complaint has not been properly redressed by us, you may lodge your complaint with Securities and Exchange Commission of Pakistan (the "SECP"). However, please note that SECP will entertain only those complaints which were at first directly requested to be redressed by the Company and the company has failed to redress the same. Further, the complaints that are not relevant to SECP's regulatory domain/competence shall not be entertained."