Karachi: The UBL Pakistan Enterprise Exchange Traded Fund (UBL-ETF) recorded a notable uptick in its performance for the month of July 2025. Data shows that the fund's Net Asset Value (NAV) rose from PKR 28.2942 to PKR 32.0556, representing a big move for the month. The fund size also saw an increment from PKR 115 million to PKR 137 million, marking a very large or significant move in its growth trajectory.

The UBL-ETF, categorized as an open-end exchange-traded fund, was launched on March 24, 2020, and is listed on the Pakistan Stock Exchange. It is structured to track the UBL PSX Pakistan Enterprise Index, which excludes the oil and gas sector and focuses on the top nine companies from the KSE-100 Index by free float market capitalization and traded value. The fund's inception has shown a compound annual growth rate of 30.89%, slightly underperforming its benchmark rate of 34.82%.

According to information available from the Pakistan Stock Exchange (PSX), the standard deviation of the fund stood at 22.70% against the benchmark's 26.79%, indicating a relatively lower risk in comparison to the broader market. The Sharpe Ratio of the fund was 3.19, slightly higher than the benchmark, suggesting a better risk-adjusted return.

The fund's total expense ratio was marked at 0.12%, with a fiscal year-to-date (FYTD) total expense ratio showing a negative value, reflecting the high costs associated with managing the fund's portfolio. The trustee fee for the fiscal year-to-date was recorded at a negligible negative percentage, and the portfolio turnover ratio was 6.85%.

Managed by Muhammad Saad Imran, an equity specialist, the fund operates with a high-risk profile, which indicates a potential erosion of principal. The management fee is set at 0.65% per annum, and the sales load can be up to 3.00% or 1.5%, as determined by the management company.

The fund is audited by BDO Ebrahim & Co., and the trustee is Central Depository Company Pakistan Limited. The fund's management company holds an AM1 rating from VIS, as of January 9, 2025, reflecting its strong performance and management capabilities within its designated market category.