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The JS Global Banking Sector Exchange Traded Fund (the Fund/the Scheme/the Trust/the Unit Trust/ ETF) has been established through a Trust Deed dated January 30, 2023 under the Sindh Trust Act, 2020, as amended vide Sindh Trusts (Amendment) Act, 2021 entered into and between JS Global Capital Limited (the Management Company) and Central Depository Company of Pakistan Limited (the Trustee). The Fund is authorized under Non-Banking Finance Companies and Notified Entities Regulations, 2008, Securities Brokers Licensing & Operations Regulations, 2016 and Sandbox Guidelines, 2019. The fund aims to track the authorized Index constituted by the Management Company as specified in Offering Document. Click for further details. Click for further details.
|Mr. Shahab Anwar Khawaja||Chairman|
|Mr. Imtiaz Gadar||CEO|
|Mr. Muhammad Farukh||Company Secretary|
The Centre, 18th Floor, Plot No.28 SB-5, Abdullah Haroon Road, Saddar, Karachi, Pakistan
Central Depository Company of Pakistan Limited. CDC House 99-B, Block B, S.M.C.H.S Main Shahra-e-Faisal, Karachi, Pakistan
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
Cash Component: Rs. 15.65
|BAFL||Bank Alfalah Limited||306|
|BAHL||Bank AL Habib Limited||273|
|BOP||The Bank of Punjab||3,462|
|FABL||Faysal Bank Limited||568|
|HBL||Habib Bank Limited||128|
|MCB||MCB Bank Limited||94|
|MEBL||Meezan Bank Limited||104|
|UBL||United Bank Limited||88|
|Fund Name||JS Global Banking Sector Exchange Traded Fund|
|Fund Category||Exchange Traded Index Fund|
|Fund Manager||JS Global Capital Limited|
|Investment Objective||The objective of JS Global Banking Sector Exchange Traded Fund (JSGBETF) is to track the authorized index constituted by the Management Company as specfied in the Offering Document|
|Benchmark||JS Global Banking Sector Index|
|Fund Investment Policy||The Fund will invest in a particular basket of equity securities to track the performance of the representative securities index, which is constituted by the Management Company and independently managed by PSX.|
|Management Fee||Up to 0.80% per annum on Net Assets of the Fund|
|Trustee||Central Depository Company of Pakistan Ltd.|
|Listing||Pakistan Stock Exchange Limited|
|Launch Date||September 11, 2023|