Karachi: The Board of Directors of AKD Investment Management Limited (AKDIML), the Management Company overseeing the Golden Arrow Stock Fund (GASF) among others, has released its annual report for the fiscal year ending on June 30, 2026. The report discloses the financial performance of the various funds under its management, highlighting returns and distributions approved for the fiscal year.
The Golden Arrow Stock Fund reported an annual return of 29.53% for the fiscal year 2026. This performance is noted as being below the benchmark KSE-100 Index, which posted a return of 43.52%. The fund's Chief Executive, under the authority of the Board of Directors, approved a distribution of PKR 0.50 per unit for the fiscal year concluded on June 30, 2026.
According to information available from the Pakistan Stock Exchange (PSX), the AKD Opportunity Fund achieved a return of 37.01%, also underperforming the KSE-100 Index benchmark. The fund declared a distribution of PKR 3.00 per unit during the same period.
The AKD Islamic Stock Fund recorded a return of 26.72%, which was lower than the benchmark KM-30 Index return of 39.18%. A distribution of PKR 1.00 per unit was approved for this fund for the fiscal year ending June 30, 2026.
The AKD Index Tracker Fund reported a return of 41.64%, showing a minor move when compared to the KSE-100 Index benchmark return of 43.52%. It declared a distribution of PKR 2.00 per unit.
Additionally, the AKD Cash Fund had a return of 10.50%, compared to its benchmark of 10.73%. The fund distributed PKR 5.31 per unit during the fiscal year. Meanwhile, the AKD Islamic Income Fund achieved a return of 9.49%, slightly surpassing its benchmark return of 9.43%. The distribution for this fund was PKR 3.50 per unit.
The AKD Aggressive Income Fund posted a return of 18.06%, significantly exceeding the benchmark return of 11.31%. It distributed PKR 8.33 per unit to its unit holders.
The AKD Islamic Cash Fund, previously known as the AKD Islamic Daily Dividend Fund, reported a return of 11.24%, outperforming its benchmark of 9.37%. The distribution for this fund was PKR 5.18 per unit.
Notably, the AKD Alpha Income Fund, which commenced operations on April 10, 2026, recorded an annualized return of 13.68% against a benchmark return of 11.31%. The fund did not declare any distribution for the year ended June 30, 2026.
The overall financial performance of the funds managed by AKDIML reflects varied outcomes in comparison to their respective benchmarks, with some funds underperforming while others exceeded expectations. The designated market category for these funds is the Pakistan Stock Market.