Karachi: The UBL Pakistan Enterprise Exchange Traded Fund (UBLP-ETF) reported a notable uptick in its fund size for August 2026, marking a significant move of 5.79% compared to the previous month. The fund's size increased from PKR 734 million in July to PKR 777 million in August, according to the latest Fund Managers Report.
In the same period, the Net Asset Value (NAV) of the fund saw a growth of 0.65%, aligning closely with its benchmark's August performance of 0.64%. This performance is part of the fund's broader objective to track its benchmark index, aiming to provide investors with long-term capital appreciation and dividend yields.
Since its inception on March 24, 2020, the UBLP-ETF has recorded a compounded annual growth rate (CAGR) of 31.18%, slightly trailing its benchmark's CAGR of 33.82%. The fund's risk profile is categorized as high, with its portfolio focusing on the top nine companies from the KSE-100 Index, excluding the Oil and Gas sector, based on market capitalization and traded value.
According to information available from the Pakistan Stock Exchange (PSX), the fund is listed on the PSX and managed by Muhammad Saad Imran, an equity specialist. The fund's asset allocation in August leaned heavily towards equities, constituting 94.65% of total assets, up from 90.33% in July, while cash allocation decreased to 4.98% from 9.27%.
Sector-wise, the fund's investments were predominantly in commercial banks, representing 36.91% of total assets, followed by fertilizer at 20.31%, and investment banks, companies, and securities companies at 12.58%. The fund's performance over various time frames also highlighted its returns across 3 months (3.73%), 6 months (7.37%), and 1 year (25.78%), consistently maintaining a competitive edge against its benchmark.
The fund's operational and financial metrics, including a standard deviation of 29.79% and a Sharpe Ratio of 0.49, reflect its strategic approach in managing high-risk investments. Notably, the fund's beta of 1.07% indicates a slight sensitivity to market movements compared to its benchmark.
As of the latest report dated October 16, 2026, the UBLP-ETF continues to operate with a total expense ratio of 1.59% for the fiscal year-to-date, underscoring its commitment to balancing expense management with growth objectives. The fund's management fee, charged at 0.65% based on average net assets, further aligns with its strategic financial management.
Overall, the UBL Pakistan Enterprise Exchange Traded Fund remains a significant player in the exchange-traded fund market, with its performance and asset allocations closely monitored by investors seeking exposure to Pakistan's dynamic equity markets.