Company HBL Growth Fund

HBL Growth Fund (the Fund), formerly PICIC Growth Fund, is a closed-ended equity fund. The principal business of the Fund is to invest in listed equity securities with an objective to generate capital growth. The objective of the Fund is capital growth of the certificate holders for which investments would be made in the available opportunities, while considering acceptable risk parameters and applicable rules and regulations. The Fund's portfolio includes investment across various sectors, such as oil and gas, commercial banks, construction and building materials, chemicals, automobile and parts, tobacco and pharmaceuticals. The Fund is managed by PICIC Asset Management Company Limited, which is a management company. PICIC Asset Management Company Limited is a subsidiary of NIB Bank Limited (the Bank).