UBL Pakistan Enterprise Exchange Traded Fund (UBL PAK ETF) was established under a Trust Deed, executed between UBL Fund Managers Limited as the Management Company and Central Depository Company of Pakistan Limited as the Trustee. UBL PAK ETF aims to track the performance of the Benchmark index in order to provide long-term capital appreciation and dividends yield to the investors. The fund aims to track the performance of top 9 companies with highest free float market capitalization of KSE-100 index (excluding Oil and Gas sector companies). Click for further details.
|Mr. Azhar Hamid||Chairman|
|Mr. Yasir Qadri||CEO|
|Mr. Bilal Javaid||Company Secretary|
4th Floor STSM Building, Beaumont Road, Civil Lines, Karachi
Sub Registrar - II, Saddar Town Office, Near Do Talwar, Clifton, Karachi
EY Ford Rhodes
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. 1,023.85
|BAFL||Bank Alfalah Limited||145|
|EFERT||Engro Fertilizers Limited||125|
|ENGRO||Engro Corporation Limited||66|
|FFC||Fauji Fertilizer Company Limited||147|
|HBL||Habib Bank Limited||151|
|HUBC||The Hub Power Company Limited||200|
|LUCK||Lucky Cement Limited||26|
|MCB||MCB Bank Limited||86|
|UBL||United Bank Limited||101|
|Fund Name||UBL Pakistan Enterprise Exchange Traded Fund|
|Fund Category||Exchange Traded Index Fund|
|Fund Manager||UBL Fund Managers|
|Investment Objective||UBL Pakistan Enterprise Exchange Traded Fund (UBL PAK ETF) aims to track the performance of the Benchmark index in order to provide long-term capital appreciation and dividends yield to the investors.|
|Benchmark||UBL PSX Pakistan Enterprise (UPP9) Index|
|Fund Investment Policy||The fund aims to track the performance of top 9 companies with highest free float market capitalization of KSE-100 index (excluding Oil and Gas sector companies).|
|Management Fee||0.65% of the net assets per annum|
|Trustee||Central Depository Company of Pakistan Ltd.|
|Listing||Pakistan Stock Exchange Limited|
|Auditor||EY Ford Rhodes|
|Launch Date||March 24, 2020|