Karachi: JS Investments Limited has initiated the rebalancing of its JS Momentum Factor Exchange Traded Fund (JSMFETF) portfolio effective August 7, 2025. This move follows compliance with Section 96 of the Securities Act of 2015, Clause 5.6.1(a) of the Pakistan Stock Exchange (PSX) Regulations, and the Offering Document of JSMFETF.

The rebalancing of the JS Momentum Factor Index, which took effect on the same date, prompted the commencement of this process. The initiative is set to ensure that the JSMFETF aligns with the updated composition of the underlying index. As a result, the indicative Net Asset Value (iNAV) will continue to be disseminated based on the previous basket until the rebalancing process is completed.

According to information available from the Pakistan Stock Exchange (PSX), the current dissemination of iNAV may not accurately reflect the underlying basket during the transition period. JS Investments Limited has assured that the exchange will be informed once the rebalancing is finalized, ensuring transparency and compliance with regulatory requirements.

The adjustment in the ETF's portfolio is part of a regulatory adherence strategy, aimed at maintaining the fund's alignment with its benchmark index. The designated market category for this adjustment remains in accordance with the financial guidelines outlined by the PSX.