⏸️ ATLAS-FUNDS: HOLD Signal (6/10) – Financial Results of AMF, ALF, ASF, AIF, ASMF, AIMF, AICF, AIIF, AISF, AIFOF and AIDSF for the period ended September 30, 2025

📌 Key Takeaways

• 💰 Atlas Money Market Fund (AMF) reported total income of PKR 1,368.03 million compared to PKR 1,466.98 million in 2024.
• 💧 Atlas Liquid Fund (ALF) saw total income increase to PKR 361.22 million from PKR 222.84 million in the previous year.📈
• 👑 Atlas Sovereign Fund (ASF) witnessed a decrease in total income to PKR 69.58 million from PKR 1,095.02 million in 2024.📉
• 💸 Atlas Income Fund (AIF) experienced a decrease in total income to PKR 256.25 million from PKR 613.86 million.📉
• 📈 Atlas Stock Market Fund (ASMF) significantly increased its total income to PKR 10,256.95 million from PKR 898.42 million.🚀
• 🌙 Atlas Islamic Money Market Fund (AIMF) showed a decrease in total income to PKR 229.77 million from PKR 320.04 million.📉
• 🌙 Atlas Islamic Cash Fund (AICF) reported total income of PKR 28.69 million, compared to PKR 31.76 million for the period from July 03, 2024 to September 30, 2024.
• 🌙 Atlas Islamic Income Fund (AIIF) total income decreased to PKR 116.91 million from PKR 124.16 million.📉
• 🌙 Atlas Islamic Stock Fund (AISF) reported a total income of PKR 3,411.93 million compared to PKR 165.24 million in 2024.🚀
• ✨ Atlas Islamic Fund of Funds (AIFOF) reported net income for the period before taxation of PKR 89.71 million for Aggressive Allocation Islamic Plan.
• ✨ Atlas Islamic Fund of Funds (AIFOF) reported net income for the period before taxation of PKR 71.28 million for Moderate Allocation Islamic Plan.
• ✨ Atlas Islamic Fund of Funds (AIFOF) reported net income for the period before taxation of PKR 42.82 million for Conservative Allocation Islamic Plan.
• 🌙 Atlas Islamic Dedicated Stock Fund (AIDSF) reported a total gain for the period of PKR 265.91 million compared to PKR 14.63 million in 2024.🚀
• ⚠️ Expenses for Atlas Money Market Fund (AMF) were PKR 64.55 million, lower than the PKR 72.05 million in the corresponding period.
• 💸 The financial results provided are for the quarter ended September 30, 2025, and comparative figures are provided for the quarter ended September 30, 2024, where available.

🎯 Investment Thesis

Given the mixed performance across the fund offerings, an investment recommendation needs a fund-specific assessment. Funds like ASMF and AISF with substantial income growth appear promising. However, more information is needed before making a firm recommendation. Currently, a ‘HOLD’ recommendation is warranted for Atlas Asset Management’s funds in general until further analysis of individual fund strategies, asset allocations, and risk-adjusted returns is completed.