NIT GOVERNMENT BOND FUND

1 fund TypeCategoryLaunch DateListingStability RatingManagement FeeFront End Load*Back End LoadCutt-off timingPar ValueMin SubscriptionTrusteeAuditorsRegistrarPric ing MechanismValuation DaysRedemption DaysSubscription DaysAMC RatingRisk ProfileFund Manager70%30%PIBsNet AssetsPKR BlnRev Avg. Maturity (Days)553 OthersLeveragingNilStandard Deviation of * to M Years * Last updated deposit rates of few * Ghaffar, Managing DirectorManzoor Ahmed, Chief Operating Officer M. Imran Rafiq, CFA, Head of ResearchZubair Ahmed, Controller of Branches/Comp. SecretaryShoaib. A. Khan, SVP/ fund ManagerAmmar Habib, Incharge/Manager Risk Aqib Hussian, Incharge ComplianceMUFAP's Recommended : 111-648-648 Shahid Anwar, Head of MD's Sectt. & PersonnelAamir Amin, Head of FinanceNational Investment Trust Ltd, National Bank Building, (6th Floor) Chundrigar Road, Box # - 74000, PakistanMembers of the Investment CommitteeNAV per Unit January 30, 2015) GBF Year to Date Return v/s BenchmarkFund's Return v/s BenchmarkPerformance PeriodNIT-GBFB enchmark* From Nov 18, 2009 to Jun 30, 2010 Technical Information month average deposit rate of A and above rated scheduled valuation dayAM2- (PACRA) 21-Apr-14 LowShoaib Ahmad Khan* Varies as per policy BenchmarkAsset Quality as of 30 January 2015 (% of TA)Asset Allocation (% of TA)

2 Average of weighted average yield of 6 month T-Bill auctions held during the periodDec-14 Jan-15 fund Performance ReviewKPMG Taseer Hadi National Investment Trust Day PricingDaily (Monday to Friday) except public holidayDaily (Monday to Friday) except public :30 PMPKR Unit PKR 5,000 Income Unit PKR 100,000 Central Depositary Co. (CDC) GOVERNMENT BOND FUNDFUND MANAGER REPORT -January 2015 fund 's Basic InformationsObjective of the fund Open-EndIncome Fund18th November 2009 Profile of Investment ManagersKSE, LSE & ISEAA- (f) (PACRA) 11-Jun-14 Disclaimer:Thispublicationisforinformati onalpurposesonlyandnothinghereinshouldbe construedasasolicitation, ,foritsUnitHolders, (NITL)isthefirstandthelargestAssetManage mentCompanyofPakistan, , 'stallyofnationwidebranchesis23, ,astateoftheartInvestors , AM2- byPACRA,whichreflectsthecompany' , , (CPI) , ,wellbelowtheannualtargetof8%.

3 AsatJanuary30,2015,theFundhadanexposureo fabout68%inPIBs,7%inT-billsandtheremaini ngwasintheformofcashandotherassets, Sec, +, , WelfareFund , GBF ReturnBenchmark Retur