NAFA Islamic Active Allocation Funds Report Annual Financials

Karachi, The NAFA Islamic Active Allocation Fund Series, managed by NBP Fund Management Limited, reported its annual financial results for the year ending June 2023, with varied distributions across its multiple plans. The Fund I, comprising five different plans, showed no offer or redemption prices for the year, with plan-specific distributions ranging from 2.94% to 9.35% in June 2023, yet none declared for the upcoming year of 2024. Plan IV and Plan V reported no distributions for the current or upcoming year.

Similarly, NAFA Islamic Active Allocation Fund II, with plans spanning VI to VIII, along with two capital preservation plans, also reported no offer or redemption prices. Only the capital preservation plans I and II posted prices, with slight declines noted. The distributions for June 2023 were absent except for a minimal 1.618% for the general fund declared in June 2022.

NAFA Islamic Active Allocation Fund III disclosed no financial distributions for its capital preservation plans III to VI. Notably, Plans V and VI, established in 2018, offered no data on financial distributions for the past year and provided no forecast for 2024.

The detailed financial statements for these funds have been closed on June 29, 2022, marking a consistent evaluation point across the NAFA Islamic Active Allocation Fund Series, which initially listed between 2016 and 2018.