Karachi: The UBL Pakistan Enterprise Exchange Traded Fund (UBLP-ETF) has reported a notable increase in its fund size and Net Asset Value (NAV) for September 2025, indicating a very large move in its performance metrics. According to the latest figures, the fund size rose from PKR 162 million in August to PKR 188 million in September, marking a 16.17% increase. Meanwhile, the NAV increased from PKR 33.6017 to PKR 37.7043, a 12.21% rise.
Launched on March 24, 2020, UBLP-ETF is designed to track the UBL PSX Pakistan Enterprise Index, aiming to deliver long-term capital appreciation and dividend yields. As an open-end exchange-traded fund, it is listed on the Pakistan Stock Exchange (PSX) and is managed by equity specialist Karim Punjani.
According to information available from the Pakistan Stock Exchange (PSX), the fund’s fiscal year-to-date performance showed a 37.32% increase, while the benchmark index, the KSE-100 Index, reflected a 38.23% rise. The fund’s since-inception compound annual growth rate stands at 12.21%, with a standard deviation of 34.43% and a Sharpe ratio of 26.84.
The fund operates with a high-risk profile, indicating a high risk of principal erosion. It charges a management fee of 0.75% per annum and maintains a total expense ratio of 0.36%. The recent monthly total expense ratio was recorded at 1.39%, while the fiscal year-to-date total expense ratio was 1.43%.
The UBLP-ETF excludes the oil and gas sector in its index composition, focusing instead on the top nine companies from the KSE-100 Index based on the highest free float market capitalization and traded value. The fund is governed by the Central Depository Company Pakistan Limited as its trustee and audited by BDO Ebrahim & Co. The management company’s rating is AM1, as per VIS, dated January 9, 2025.
Overall, the significant growth in UBLP-ETF’s fund size and NAV underscores its performance in the market, reflecting investor confidence and effective fund management.