Karachi: JS Investments has announced the commencement of the rebalancing process for its JS Momentum Factor Exchange Traded Fund (JSMFETF), effective today, September 5, 2025. This move follows the guidelines set out in Section 96 of the Securities Act, 2015, Clause 5.6.1(a) of the PSX Regulations, and the Offering Document of JSMFETF.

The rebalancing of the JS Momentum Factor Index, which took effect on the same date, necessitates a corresponding adjustment in the JSMFETF portfolio. As this process begins, the indicative Net Asset Value (iNAV) of the fund will continue to be disseminated based on the previous basket configuration. However, it is not expected to accurately reflect the underlying basket during this transition period.

According to information available from the Pakistan Stock Exchange (PSX), stakeholders, including the TRE Certificate Holders of the Exchange, have been informed of the ongoing changes. The rebalancing is a routine process aimed at aligning the fund’s portfolio with the updated index composition.

JS Investments has committed to notifying the exchange upon the completion of the rebalancing process. This adjustment is categorized as a Moderate move within the market, indicating a steady and expected shift in the fund’s structure. The designated market category for this operation remains within the regulated framework of the PSX.