Press Release
VIS Assigns Initial Fund Stability Rating to Alfalah Financial Sector Opportunity Fund
Karachi, December 31, 2025: VIS Credit Rating Company Limited (VIS) has assigned the initial Fund Stability Rating (FSR) of ‘A (f)’ (Single A (f)) to Alfalah Financial Sector Opportunity Fund (‘AFSOF’ or ‘the Fund’). The medium to long-term rating of ‘A (f)’ denotes moderate degree of stability in Net Asset Value; Risk factors may vary with possible changes in the economy.
AFSOF was launched in July 05, 2013. The primary objective of the Fund is to provide a competitive rate of returns to its investors by investing in money market and debt instruments with major exposure in financial sector instruments.
The assigned rating reflects the Fund’s asset allocation strategy, which has largely remained aligned with the limits set out in the offering document, barring few instances. Holdings were predominantly maintained in cash balances, supplemented by exposures to Short Term Sukuk. The rating also incorporates the Fund’s credit quality, characterized by a tilt toward AA- and A category instruments, despite the offering document permitting a broader spectrum of investment-grade avenues. Liquidity is viewed as adequate. The AUM base remains retail-heavy, with relatively high investor concentration. In terms of returns, the Fund ranks in the first quartile.
For further information on this ratings announcement, please contact at 021-35311861-64 or email at info@vis.com.pk.
Applicable Rating Criteria: Fund Stability Ratings
https://docs.vis.com.pk/Methodologies-2025/FSR-Methodology-Jan-2025.pdf
VIS Issue/Issuer Rating Scale
https://docs.vis.com.pk/docs/VISRatingScales.pdf