Karachi: Al Meezan Investment Management Ltd. has reported that the net assets of the Meezan Pakistan Exchange Traded Fund (MP-ETF) as of October 31, 2025, stood at Rs. 0.74 billion. This marks a notable increase from September 2025, when the assets were valued at Rs. 640 million, representing a very large or significant move of 15.77%. Despite this growth in net assets, the fund's Net Asset Value (NAV) per unit experienced a decrease of 7.79% during the month, which is categorized as a very large or significant move.

The Meezan Pakistan Exchange Traded Fund is designed as a Shariah-compliant investment vehicle, allowing investors to track the performance of the Meezan Pakistan Index. This index is comprised of Shariah-compliant equity securities selected by Al Meezan with a focus on market capitalization and trading value.

According to information available from the Pakistan Stock Exchange (PSX), the fund is listed under the ticker MZNP-ETF and operates as an open-end fund with a high-risk profile. Fund valuation and subscription or redemption days occur in alignment with PSX market hours.

The fund's asset allocation in October 2025 was predominantly in equities, which constituted 97.76% of the total assets, a slight decrease from 99.02% in September. The cash allocation increased to 1.68% from 0.82%, while other receivables rose to 0.56% from 0.16%.

The MP-ETF's performance metrics indicate a challenging market environment, with a Sharpe Ratio of -0.90 and a Beta of 0.98. The fund's top equity holdings include The Hub Power Company Limited at 17.91%, Lucky Cement Limited at 15.91%, and Engro Holdings Limited at 13.97%.

Despite the monthly decline, the MP-ETF has shown strong cumulative returns over longer periods, with a one-year return of 58.66% and a three-year return of 201.43%. The fund's fiscal year-to-date performance stands at 26.25%, slightly trailing its benchmark, which has a fiscal year-to-date return of 26.82%.

The fund's management fee is capped at 0.75%, with an actual rate of 0.50%, and is overseen by fund manager Zohaib Jawaid along with a comprehensive investment committee comprising professionals with various credentials, including CFA and FCCA designations.