Karachi: The UBL Pakistan Enterprise ETF reported a robust increase in its fund size for the month of July 2026, according to the Fund Managers' Report released on August 12, 2026. The open-ended fund, which is listed on the Pakistan Stock Exchange (PSX), recorded a significant move with a 42.07% increase in fund size from 517 million PKR in June to 734 million PKR in July.
The ETF, managed by equity specialist Muhammad Saad Imran, aims to track the performance of the top nine companies from the KSE 100 Index, excluding those from the Oil and Gas sector. The companies are selected based on the highest free float market capitalization and traded value. The fund's net asset value (NAV) also experienced a moderate move, increasing by 0.63% from 29.1978 PKR in June to 29.3816 PKR in July.
According to information available from the Pakistan Stock Exchange (PSX), the UBL Pakistan Enterprise ETF's performance outpaced its benchmark across several time frames. Over a three-month period, the ETF returned 10.40%, compared to the benchmark's 8.42%. The fund's one-year return stood at 32.72%, slightly above the benchmark's 32.65%. However, over a longer term of three and five years, the benchmark outperformed the ETF with returns of 346.23% and 381.29%, respectively, compared to the ETF's 312.99% and 335.74%.
The asset allocation of the fund saw a notable change in July, with equities comprising 90.33% of total assets, down from 99.62% in June. Cash holdings increased to 9.27% from 0.31%, while other assets accounted for 0.40% of the total, up from 0.07%.
The fund, categorized as an Exchange Traded Fund within the designated market category, carries a high-risk profile. It is managed with a backward pricing mechanism and charges a management fee of 0.75% per annum, although the actual management fee for the month was 0.65%, based on average net assets. The trustee for the fund is the Central Depository Company Pakistan Limited, with auditing conducted by BDO Ebrahim & Co.
Investors are advised of potential sales loads of up to 3.00% or 1.5%, applicable at the discretion of the Management Company during investment and redemption of funds. The management company's rating, as of December 30, 2025, is AM1, as per VIS.
The UBL Pakistan Enterprise ETF continues to demonstrate its resilience and adaptability in the dynamic financial markets, aiming to provide substantial returns for its investors while adhering to its strategic asset allocation framework.