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HBL Total Treasury Exchange Traded Fund (HBLTETF) was established under a Trust Deed signed between HBL Asset Management Limited as the Management Company and Central Depository Company of Pakistan Limited as Trustee. HBLTETF, which is an open-ended Exchange Traded Fund (ETF), aims to track the performance of HBL Total Treasury Index (HBLTTI).The benchmark index is comprised of a blend of short and medium term Government Securities issued and / or guaranteed by the Government of Pakistan. The Index is designed, managed and maintained by the Management Company. Click for further details.
|Mr. Mir Adil Rashid||Chief Executive Officer|
|Mr. Muhammad Ali Bhabha||Chief Investment Officer|
|Mr. Anis ur Rahim||Head of Customer Experience|
HBL Asset Management Limited, 7th Floor, Emerald Tower, G-19, Block 5, Main Clifton Road, Clifton, Karachi, Pakistan
Central Depository Company of Pakistan Limited
Yousuf Adil Chartered Accountants
Information regarding the intraday value of ETF Units, also known as the “indicative NAV” (iNAV), is disseminated every 15 seconds throughout each trading day by PSX. Dissemination of iNAV on PSX website will occur as per general data policy mentioned on website.
The iNAV is based on the current market prices of the securities or other assets and/or cash required to be deposited for a Creation Unit. The iNAV is calculated based on the Creation Unit composition provided by the respected ETF Fund Manager which may not necessarily reflect the precise composition of the current portfolio of securities or other assets held by the ETF at a particular point in time or the best possible valuation of the current portfolio. Therefore, the iNAV should not be viewed as a “precise real-time” update of the Fund’s NAV, which is computed only once a day. PSX computes iNAV as per the agreed mechanism using the underlying securities provided by the ETF Fund Manager. In doing so, it makes no representation or warranty as to its similarity with the day end NAV or real-time indicative NAV.
At the time of rebalancing of the ETF, the underlying fund securities or their respective weights may differ from the constituents used for computation and dissemination of iNAV. This may further result in deviation of iNAV from the actual NAV of the ETF based on the volatility of underlying constituents. The iNAV for creation units may also differ based on the changes in the underlying constituents during rebalancing. In this reference, PSX may discontinue iNAV dissemination during the rebalancing/re-composition of ETF under instruction of ETF fund manager. In case, an ETF rebalancing notification is received from the ETF Fund Manager during market hours, PSX shall discontinue the dissemination of iNAV (if instructed to do so) within one hour of the receipt of such notice. Furthermore, in case an ETF Fund Manager notifies market of the completion of ETF rebalancing during market hours, the iNAV shall be disseminated (based on the updated ETF Creation Unit information received from ETF Fund manager) on the following trading day.
Creation Unit Basket
(Time to Maturity)
|6MTBILL||3Months - 6Months||0||0.00%|
|12MTBILL||6Months - 12Months||0||0.00%|
|5YRSPIB||3Years - 5Years||0||0.00%|
|10YRSPIB||5Years - 10Years||0||0.00%|
|Fund Name||HBL Total Treasury Exchange Traded Fund (HBLTETF)|
|Fund Category||Exchange Traded Fund|
|Fund Manager||HBL Asset Management Limited|
|Investment Objective||HBL Total Treasury Exchange Traded Fund aims to provide consistent returns to its investors through active investments in a blend of short and medium term Government Securities issued and / or guaranteed by Government of Pakistan.|
|Fund Investment Policy||The Fund, in line with its Investment Objective, shall invest in Authorized Investments. The ETF shall invest in a particular basket of Government Securities to track the performance of component securities of the Benchmark Index which is constituted and managed by the Management Company.|
|Management Fee||Up to 0.50% per annum of net assets|
|Risk Level||Low to Moderate|
|Trustee||Central Depository Company of Pakistan Ltd.|
|Authorized Participant||HBL Bank Limited|
|Market Maker||HBL Bank Limited|
|Listing||Pakistan Stock Exchange Limited|
|Auditor||Yousuf Adil Chartered Accountants|
|Launch Date||September 12, 2022|