JS Islamic Hybrid Fund of Funds Series: Lack of Distributions Amid Zero Values in Latest Financials

Karachi, The latest financial announcements for the JS Islamic Hybrid Fund of Funds series reveal a continued pattern of zero offer and redemption prices for several plans within the series as of June 2023. This encompasses the JS Islamic Hybrid Fund of Funds 2, its associated JS Islamic Capital Preservation Allocation Plan 1, and the JS Islamic Hybrid Fund of Funds 3, along with its plans 3, 6, 7, and 8. Despite these zero valuations, no distributions were reported for the period.

The JS Islamic Hybrid Fund of Funds Mufeed, Mustanad, Mustehkam, and Mutanasib also reported no distributions and maintained a steady stance on offer and redemption prices close to their previous values. All funds mentioned have their previous book closures listed in 2018 with no distributions since. This suggests a static financial position for these funds within the portfolio for the fiscal year ending June 2023.