Karachi: The JS Momentum Factor Exchange Traded Fund (JSMFETF) has initiated the rebalancing of its portfolio, effective July 07, 2025. This development comes in compliance with Section 96 of the Securities Act, 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 has prompted JSMFETF to adjust its portfolio holdings. According to information available from the Pakistan Stock Exchange (PSX), this process commenced on July 07, 2025. It is noted that during this transition, the indicative Net Asset Value (iNAV) will continue to be disseminated based on the previous basket. However, it is emphasized that the iNAV will not accurately reflect the new underlying basket until the rebalancing process is completed.

Market participants and Trading Right Entitlement (TRE) Certificate Holders of the Exchange have been notified of these changes. The fund management has assured that further updates will be provided to the exchange once the rebalancing process is finalized.

The JS Momentum Factor Exchange Traded Fund is categorized under the designated market category of exchange-traded funds, playing a role in offering investors exposure to momentum-based investment strategies.