Pak Oman Advantage Fund Stock

Pak Oman Advantage Fund (the Fund) is a Pakistan-based closed-end fund. The investment objective of the Fund is to provide low risk adjusted returns to the investor by minimizing credit and price risks in a fixed income portfolio. The Fund has a limited life of approximately eight years, after which the fund will be wound down and investors will be paid back. The Fund invests approximately 75% in listed and rated tier II term finance certificates (TFC) issues of commercial banks. The Fund invests remaining approximately 25% in listed and rated TFCs (non-bank) rated A or higher, placements with banks and other financial institutions which have a minimum entity rating of A, money market instruments, including repurchase transactions where the underlying securities are of acceptable risk (Government or high credit rated corporate bonds), spread transactions and continuous funding system. The Fund is managed by Pak Oman Asset Management Company Limited.