UBL Pakistan Enter ETF · PSX:UBLPETF
UBL Pakistan Enter ETF — UBL Fund Managers — Fact Sheet (September 2025)
90 slides from UBL Pakistan Enter ETF's fact sheet, September 2025
Slide 1: GIPS Compliant Presentation: UBL Savings Composite
UBL Fund Managers Limited GIPS Compliant Presentation UBL Savings Composite October 14, 2010 through September 30, 2025 Composite: UBL Savings Composite Creation Date: 14-Oct-10 Benchmark: Reporting Currency: Pak Rupees 6M PKRV Total Assets at Percentage of Total Assets of the Firm at end of Total N
Slide 2: Compliance Statement
* Returns since 14th October, 2010 Compliance Statement UBL Fund Managers Ltd claims compliance with the Global Investment Performance Standards (GIPS®) and has prepared and presented this report in compliance with the GIPS standards. UBL Fund Managers Ltd has been independently verified by KPMG Tas
Slide 3: Benchmark and Significant Events
Benchmark Benchmark is average of 6M PKRV. List of Composites A list of all composite descriptions is available upon request. Significant Event 1. The Finance Act, 2008 introduced an amendment to the Workers' Welfare Fund Ordinance, 1971 (WWF Ordinance). As a result of his amendment it may be constr
Slide 4: Significant Events (Sales Tax and FED)
2. Effective from 01 July 2011, Sindh Revenue Board under Sindh Sales Tax on Services Act, 2011 has applied Sales Tax on all services rendered by Non-Banking Financial Institution. The Sales Tax is being charged @16% on Management Fee paid/payable to the Management Company. 3. On 30 June 2016, the H
Slide 5: Fees and Minimum Portfolio Size
Accordingly, the Fund has recorded these adjustments in its books of account on January 12, 2017. Based on which the provision against WWF has been reversed and provision related to SWWF has been recorded. As per direction of MUFAP on behalf of SECP, provision of SWWF has reversed on August 13, 2021
Slide 6: Ex-Post Standard Deviation and Valuation Assumptions
FY21 0.99% 0.13% FY20 0.96% 0.15% FY19 0.31% 0.11% FY18 0.68% 0.01% FY17 1.44% 0.08% FY16 1.54% 0.08% FY15 1.43% 0.05% FY14 0.74% 0.07% Key Assumption for Portfolio valuation Following are key assumption used in Portfolio valuation: Financial instruments All the financial assets and financial liabil
Slide 7: Liability for Income Tax
Under the income tax law in Pakistan, the Fund is regarded as a public company for tax purposes. The income of the Fund is taxable, if 90% distribution is not made among the unit holders, certificate holders or shareholders as the case may be. The tax rate applicable to a public company, which is pr
Slide 8: Capital Gains Treatment
gains shall be treated as a separate block of income and losses under this head can be adjusted by the unit holder from the capital gains in the same tax year. Any unadjusted loss under this head is not allowed to be carried forward to the subsequent tax years. ______________________________________
Slide 9: UBL Principal Protected Composite
UBL Fund Managers Limited GIPS Compliant Presentation UBL Principal Protected Composite July 01, 2009 to September 30, 2025 Composite: UBL Principal Protected Composite Creation Date: 15-Apr-10 Benchmark: Refer to Benchmark disclosure Reporting Currency: Pak Rupees Total Assets of Total Assets at Pe
Slide 10: Compliance Statement
Compliance Statement UBL Fund Managers Ltd claims compliance with the Global Investment Performance Standards (GIPS®) and has prepared and presented this report in compliance with the GIPS standards. UBL Fund Managers Ltd has been independently verified by KPMG Taseer Hadi & Co. for the periods July
Slide 11: Fees and Minimum Portfolio Size
Fees Returns are presented net of all expenses (including custodial expenses, SECP fee, Listing fee) in addition to the Management Fee and Trading Expenses. (Please refer to Schedule) Fee schedule The fee on the portfolio is based on the net assets or asset allocation. Management Fee is Upto 2.5% of
Slide 12: Standard Deviation and Significant Events
FY21 3.32% FY20 4.84% FY19 7.51% FY18 7.30% 2017 8.60% 2016 9.39% 2015 10.22% 2014 10.48% 2013 8.94% 2012 7.66% Significant Event: 1. The Finance Act, 2008 introduced an amendment to the Workers' Welfare Fund Ordinance, 1971 (WWF Ordinance). As a result of this amendment it may be construed that all
Slide 13: Significant Events (continued)
amendments as unlawful and unconstitutional. The Management Company is hopeful that the decision of the LHC, will lend further support to the constitutional petition which is pending in the SHC. The BoD further resolved that with effect from May 30, 2013, the Fund will make provision on account of W
Slide 14: Significant Events (MUFAP legal opinion)
In view of the above, MUFAP obtained a legal opinion on the applicability of WWF and SWWF on Mutual Funds, and based on such legal advice, recommended to all its members through letter dated January 12, 2017 the following: 1) The provision against the WWF held by the Mutual Funds till June 30, 2015
Slide 15: Significant Events (plan maturities, SWWF reversal)
16. UBL Active Principal Preservation Plan‐I has matured as on Aug 21, 2020. 17. UBL Active Principal Preservation Plan‐II has matured as on Nov 30, 2020. 18. As per direction of MUFAP on behalf of SECP, provision of SWWF has also reversed on August 13, 2021. The amount of provision till date in fol
Slide 16: Significant Events and Valuation Assumptions
24. UBL Special Saving Plan –VII has matured as on June 20, 2023. 25. UBL Special Saving Plan –XI has launched on July 31, 2023. 26. UBL Special Saving Plan –II has matured as on Nov 15, 2024 27. UBL Special Saving Plan –III has matured as on Nov 15, 2024 28. UBL Special Saving Plan –IV has matured
Slide 17: Revenue Recognition and Income Tax
Income on reverse repurchase, certificates of investment, placements, government securities and investments in debt securities are recognized at rate of return implicit in the instrument/ arrangement on a time proportionate basis. Profit on bank deposits is recorded on accrual basis. Propriety Asset
Slide 18: Withholding Tax and Capital Gains
Unless exempted from such taxation or at a reduced rate under any law or Avoidance of Double Taxation Agreement, cash dividend paid to Unit holders of the Fund will be subject to withholding tax as per the prevailing tax law In terms of the provisions of the Income Tax Ordinance, 2001, the withholdi
Slide 19: UBL Islamic Savings Composite
UBL Fund Managers Limited GIPS Compliant Presentation UBL Islamic Savings Composite November 07, 2010 through September 30, 2025 Composite: UBL Islamic Savings Composite Creation Date: 07-Nov-10 Benchmark: PKISRV Reporting Currency: Pak Rupees Total Assets at Percentage Total Assets of the Firm at e
Slide 20: Compliance Statement
* Returns since 7th November, 2010 Compliance Statement UBL Fund Managers Ltd claims compliance with the Global Investment Performance Standards (GIPS®) and has prepared and presented this report in compliance with the GIPS standards. UBL Fund Managers Ltd has been independently verified by KPMG Tas
Slide 21: Benchmark and Significant Events
Benchmark The benchmark for UBL Islamic Savings composite is 90% 6M PKISRV rates + 10% 6M average deposit rate of three 3 AA rated scheduled Islamic Banks or Islamic Windows of Conventional Banks as selected by MUFAP. Before 01 January 2025, the benchmark for the composite was the average of 6M PKIS
Slide 22: Significant Events (Sales Tax and FED)
2. Effective from 01 July 2011, Sindh Revenue Board under Sindh Sales Tax on Services Act, 2011 has applied Sales Tax on all services rendered by Non-Banking Financial Institution. The Sales Tax is being charged @16% on Management Fee paid/payable to the Management Company. 3. On 30 June 2016, the H
Slide 23: SWWF Reversal, Fees and Minimum Size
As per direction of MUFAP on behalf of SECP, provision of SWWF has also reversed on August 13, 2021. The amount of provision till date was PKR 29.29mn. This reversal cause increase of 0.98% in net asset value Fees Returns are presented net of all expenses (including custodial expenses, SECP fee, Lis
Slide 24: Standard Deviation and Valuation Assumptions
FY21 0.44% 0.09% FY20 0.43% 0.11% FY19 0.63% 0.09% FY18 0.61% 0.04% FY17 0.61% 0.07% FY16 0.52% 0.05% FY15 0.43% 0.02% FY14 0.30% 0.02% Key Assumption for Portfolio valuation Following are key assumption used in Portfolio valuation: Financial instruments All the financial assets and financial liabil
Slide 25: Proprietary Assets and Income Tax
The Composite as of September 30, 2025 does not contain any investments of UBL Fund Managers Limited and UBL (UBL Fund Managers Limited parent company). Liability for Income Tax Under the income tax law in Pakistan, the Fund is regarded as a public company for tax purposes. The income of the Fund is
Slide 26: Capital Gains Tax
Capital Gains arising on disposition of Units of the Fund will be subject to withholding Capital Gains Tax (CGT) at the applicable rates given in the Income Tax Ordinance, 2001 (ITO). There shall be no CGT, if holding period is more than 48 months (4 years). As per section 37(A) of the Income Tax Or
Slide 27: UBL Islamic Principal Preservation Composite
GIPS Compliant Presentation UBL Fund Managers Limited UBL Islamic Principal Preservation Composite April 26, 2013 through June 30, 2022 Composite: UBL Islamic Principal Preservation Creation Date: 26-Apr-13 Composite Reporting Currency: Pak Rupees Total Assets at Percentage of Total Assets of the Fi
Slide 28: Definition of the Firm and Composite Description
Definition of the Firm UBL Fund Managers Limited is a wholly owned subsidiary of United Bank Limited licensed by SECP to undertake asset management and investment advisory services. The definition of Firm at UBL Fund Managers Limited encompasses the following: (i) All Funds under Management (includi
Slide 29: Significant Events (WWF)
Ministry) to its members for necessary action through letter dated October 06, 2010. Based on this clarification, the FBR also withdrew notice of demand which it had earlier issued to one of the mutual funds for collection of WWF. Notices of demand have also been issued to several other mutual funds
Slide 30: Significant Events (FED and SWWF)
2011 is Ultra Vires to the Constitution of Pakistan. The Management Company as a matter of abundant caution has not reversed the provision of FED, as the Federal Board of Revenue could file an appeal with Honorable Supreme Court of Pakistan against the Judgment passed by Honorable Sindh High Court o
Slide 31: Minimum Portfolio Size and Standard Deviation
Minimum Portfolio Size The Minimum Portfolio size Rs.100 Million per Fund for inclusion in the composite (which is also the minimum is as follows: For regulatory requirement to Portfolio/Fund start a fund) For SMA Rs. 50 Million per Managed Account. Internal Dispersion Since number of Portfolios in
Slide 32: Revenue Recognition and Income Tax
Income on reverse repurchase, certificates of investment, placements, government securities and investments in debt securities are recognized at rate of return implicit in the instrument/ arrangement on a time proportionate basis. Profit on bank deposits is recorded on accrual basis. Propriety Asset
Slide 33: Withholding Tax and Capital Gains
Unless exempted from such taxation or at a reduced rate under any law or Avoidance of Double Taxation Agreement, cash dividend paid to Unit holders of the Fund will be subject to withholding tax as per the prevailing tax law. In terms of the provisions of the Income Tax Ordinance, 2001, the withhold
Slide 34: UBL Islamic Liquid Composite
GIPS Compliant Presentation UBL Fund Managers Limited UBL Islamic Liquid Composite September 18, 2012 through September 30, 2025 Composite: UBL Islamic Liquid Composite Creation Date: 31-Mar-13 Average of 3 months placement rates of Benchmark: Reporting Currency: Pak Rupees three Islamic Banks Total
Slide 35: Compliance Statement and Composite Description
UBL Fund Managers Ltd claims compliance with the Global Investment Performance Standards (GIPS®) and has prepared and presented this report in compliance with the GIPS standards. Definition of the Firm UBL Fund Managers Limited is a wholly owned subsidiary of United Bank Limited licensed by SECP to
Slide 36: Significant Events (WWF)
by Federal Board of Revenue (FBR) (being the collecting agency of WWF on behalf of the Ministry) to its members for necessary action through letter dated October 06, 2010. Based on this clarification, the FBR also withdrew notice of demand which it had earlier issued to one of the mutual funds for c
Slide 37: Significant Events (SWWF)
4. Further, as a consequence of the 18th amendment to the Constitution, levy for Sindh Workers’ Welfare Fund (SWWF) was also introduced by the Government of Sindh through the Sindh Workers Welfare Fund Act 2014 (SWWF Act 2014). SWWF Act 2014, enacted on May 21, 2015, requires every Industrial Establ
Slide 38: Fees, Minimum Size and Standard Deviation
AIRSF –MMSF: Upto 1.50% *change in Management Fee effective from June 29, 2023. Minimum Portfolio Size The Minimum Portfolio size for inclusion in the composite is as follows: The Minimum Portfolio size for Rs.100 Million per Fund (which is inclusion in the composite is as also the follows: For Port
Slide 39: Standard Deviation and Valuation Assumptions
FY18 0.15% 0.09% FY17 0.19% 0.09% FY16 0.19% 0.05% Key Assumption for Portfolio valuation Following are key assumption used in Portfolio valuation: Financial instruments All the financial assets and financial liabilities are recognized at the time when the Portfolio becomes a party to the contractua
Slide 40: Pension Fund Tax and Income Tax Liability
The income of the newly added portfolio, being a pension fund, is exempt from Income Tax under clause 57(3) (viii) of Part I of the Second Schedule to the Income Tax Ordinance, 2001. Liability for Income Tax, if ninety per cent (90%) of the Fund’s income is paid as dividend Notwithstanding the tax r
Slide 41: UBL Islamic Income Composite
UBL Fund Managers Limited GIPS Compliant Presentation UBL Islamic Income Composite October 20, 2007 through September 30, 2025 Composite: UBL Islamic Income Composite Creation Date: 15-Apr-10 Benchmark: 1Y TDR Isl Reporting Currency: Pak Rupees Total Assets at Percentage of Total Assets of the Firm
Slide 42: Compliance Statement
*Returns are from October 20, 2007 to June 30, 2008 Compliance Statement UBL Fund Managers Ltd claims compliance with the Global Investment Performance Standards (GIPS®) and has prepared and presented this report in compliance with the GIPS standards. UBL Fund Managers Ltd has been independently ver
Slide 43: List of Composites and Significant Events
List of Composites A list of all composite descriptions is available upon request. Significant Event 1. Securities and Exchange Commission of Pakistan issued Circular number 1 Dated January 6, 2009 regarding Valuation of Debt Securities Provisioning Criteria of Non Performing Debt Securities. The Pr
Slide 44: Significant Events (WWF, Sales Tax)
The BoD further resolved that with effect from May 30, 2013, the Fund will make provision on account of WWF at the rate of 2% of net accounting income under the WWF Ordinance, 1971. Accordingly, the fund has recorded a provision for WWF of Rs 3.7127 million for AIAIF as at June 30, 2015. Further, co
Slide 45: SWWF Provisions and Fees
ii) Provision against SWWF, on prudent basis, should be made from the date of enactment of the SWWF Act, 2014 (i.e., May 21, 2015) with effect from January 12, 2017. Accordingly, the Fund has recorded these adjustments in its books of account on January 12, 2017. Based on which the provision against
Slide 46: Internal Dispersion and Standard Deviation
For SMA Rs. 50 Million per Managed Account. Internal Dispersion Since, number of Portfolios in the composite is less than five therefore calculation of internal dispersion is not required. Ex-Post Standard Deviation The three-year annualized ex-post standard deviation of the composite and Benchmark
Slide 47: Key Assumption for Portfolio Valuation
2011 6.95% 0.03% Key Assumption for Portfolio valuation Following are key assumption used in Portfolio valuation: Financial instruments All the financial assets and financial liabilities are recognized at the time when the Portfolio becomes a party to the contractual provisions of the instrument. Fi
Slide 48: Capital Gains and Income Tax
(b) Capital gains arising on sale of securities, listed on any stock exchange in Pakistan at applicable tax rates in accordance with the Income Tax Ordinance, 2001; Return from all other sources/instruments are taxable at the rate applicable to a public company. Liability for Income Tax, if ninety p
Slide 49: UBL Islamic Fixed Return Composite
UBL Fund Managers Limited GIPS Compliant Presentation UBL Islamic Fixed Return Composite June 30, 2023 to September 30, 2025 March 31, 2024 Composite: UBL Islamic Fixed Return Composite Creation Date: 30 - Jun - 2022 Benchmark: Refer to Benchmark disclosure Reporting Currency: Pak Rupees Total Asset
Slide 50: Composite Description and Significant Events
Composite Description The investment objective of the composite is to provide market expected returns to earn fixed return (expected) for Unit Holders who held their investment within Plan till maturity. Currently, the composite comprises of Al Ameen Islamic Fixed Term Plan I-P.¶ Portfolio Al Ameen
Slide 51: Ex-Post Standard Deviation and Valuation Assumptions
Ex-Post Standard Deviation The Annual ex-post standard deviation of the composite and Benchmark is as follows: Key Assumption for Portfolio valuation Following are key assumption used in Portfolio valuation: Financial instruments All the financial assets and financial liabilities are recognized at t
Slide 52: Liability for Income Tax and Withholding Tax
Liability for Income Tax, if ninety per cent (90%) of the Fund’s income is paid as dividend Notwithstanding the tax rates and withholding tax, the income of the Fund will be exempt from tax, if not less than ninety per cent (90%) of the income for the year is distributed amongst the Unit Holders as
Slide 53: UBL Islamic Equity Composite
GIPS Compliant Presentation UBL Fund Managers Limited UBL Islamic Equity Composite July 17, 2012 through March 31September 30, 2025, 2024 Composite: UBL Islamic Equity Composite Creation Date: 17-Jul-12 Benchmark: KMI-30 Index Reporting Currency: Pak Rupees Total Assets at Percentage of Total Assets
Slide 54: Compliance Statement and Composite Description
FY’13* 43.6 48.2 <5 1,263 3.6 34,638 *Returns are from July 17, 2012 to June 30, 2013 Compliance Statement UBL Fund Managers Ltd claims compliance with the Global Investment Performance Standards (GIPS®) and has prepared and presented this report in compliance with the GIPS standards Definition of t
Slide 55: Significant Events
2. Securities and Exchange Commission of Pakistan issued Circular number 1 Dated January 6, 2009 regarding Valuation of Debt Securities Provisioning Criteria of Non Performing Debt Securities. The Provisioning Policy of UBL Fund Managers Limited is in accordance of the same. The Debt securities held
Slide 56: Significant Events (WWF)
The BoD further resolved that with effect from May 30, 2013, the Fund will make provision on account of WWF at the rate of 2% of net accounting income under the WWF Ordinance, 1971. Accordingly, the fund has recorded a provision for WWF of Rs 50.5478 million for ASSF as at June 30, 2015. Further, co
Slide 57: SWWF Provisions and Fees
Accordingly, the Fund has recorded these adjustments in its books of account on January 12, 2017. Based on which the provision against WWF has been reversed and provision related to SWWF has been recorded. As per direction of MUFAP on behalf of SECP, provision of SWWF has also reversed on August 13,
Slide 58: Internal Dispersion and Standard Deviation
Internal Dispersion Since number of Portfolios in the composite is less than five therefore calculation of internal dispersion is not required. Ex-Post Standard Deviation The three-year annualized ex-post standard deviation of the composite and Benchmark as of each year end is as follows: Composite
Slide 59: Revenue Recognition and Income Tax
Income on reverse repurchase, certificates of investment, placements, government securities and investments in debt securities are recognized at rate of return implicit in the instrument/ arrangement on a time proportionate basis. Profit on bank deposits is recorded on accrual basis. ¶ ¶ Proprietary
Slide 60: Withholding Tax and Capital Gains
Unless exempted from such taxation or at a reduced rate under any law or Avoidance of Double Taxation Agreement, cash dividend paid to Unit holders of the Fund will be subject to withholding tax as per the prevailing tax law. In terms of the provisions of the Income Tax Ordinance, 2001, the withhold
Slide 61: UBL Fixed Return Composite
UBL Fund Managers Limited GIPS Compliant Presentation UBL Fixed Return Composite September 13, 2022 to March 31September 30, 2025, 2024 Composite: UBL Fixed Return Composite Creation Date: 13-Sep-2022 Benchmark: Refer to Benchmark disclosure Reporting Currency: Pak Rupees Total Assets of the Interna
Slide 62: Composite Description
Composite Description The investment objective of the composite is to provide market expected returns to its Unit-Holders subject to conditions such as holding period as defined in the offering document Currently, the composite comprises of UBL FIXED RETURN PLAN-II-M, UBL FIXED RETURN PLAN-IV-G, UBL
Slide 63: Significant Events (Fixed Return Plan Launches)
14. Fixed Return Plan III-(E) under UBL Fixed Return Fund-III has launched on Mar 09, 2023 15. Fixed Return Plan II-(D) under UBL Fixed Return Fund-II has launched on March 21, 2023 16. Fixed Return Plan III-(B) under UBL Fixed Return Fund-III has launched on Mar 28, 2023 17. Fixed Return Plan II-(I
Slide 64: Significant Events (Fixed Return Plan Launches)
45. UBL Fixed Return Plan III-(G) under UBL Fixed Return Fund-III has launched on Nov 23, 2023 46. UBL Fixed Return Plan II-(K) under UBL Fixed Return Fund-III has launched on Oct 10, 2023 47. UBL Fixed Return Plan III-(K) under UBL Fixed Return Fund-III has launched on Dec 07, 2023 48. UBL Fixed Re
Slide 65: Significant Events (Fixed Return Plan Launches)
76. UBL Fixed Return Plan -I-(W) under UBL Fixed Return Fund-I has launched on 6-Jan-2025¶ 77. UBL Fixed Return Plan -II-(V) under UBL Fixed Return Fund-II has launched on 9-Dec-2024¶ 78. UBL Fixed Return Plan -II-(X) under UBL Fixed Return Fund-II has launched on 13-Jan-2025¶ 79. UBL Fixed Return P
Slide 66: Standard Deviation and Valuation Assumptions
For SMA Rs. 50 Million per Managed Account Ex-Post Standard Deviation The Annual ex-post standard deviation of the composite and Benchmark is as follows: Key Assumption for Portfolio valuation Following are key assumption used in Portfolio valuation: Financial instruments All the financial assets an
Slide 67: Income Tax Liability
Return from all other sources/instruments are taxable at the rate, applicable to a public company. Liability for Income Tax, if ninety per cent (90%) of the Fund’s income is paid as dividend Notwithstanding the tax rates and withholding tax, the income of the Fund will be exempt from tax, if not les
Slide 68: UBL Fixed Income Composite
UBL Fund Managers Limited GIPS Compliant Presentation UBL Fixed Income Composite March 02, 2006 through March 31September 30, 2025, 2024 Composite: UBL Fixed Income Composite Creation Date: 15-Apr-10 Benchmark: 1Y KIBOR Avg Reporting Currency: Pak Rupees Total Assets at Percentage Total Assets of th
Slide 69: Compliance Statement
FY07 11.5 10.0 <5 11,479 48.8 23,515 Compliance Statement UBL Fund Managers Ltd claims compliance with the Global Investment Performance Standards (GIPS®) and has prepared and presented this report in compliance with the GIPS standards. UBL Fund Managers Ltd has been independently verified by KPMG T
Slide 70: Benchmark and Significant Events
The Benchmark of UIOF is Average of 6M KIBOR rate. Prior to Oct 2016, benchmark of UBL Income Opportunity Fund (UIOF) was 70% 6M PKRV rate& 30% average of 3M deposit rate of AA-and above rated banks. The Fund’s performance will be compared to its benchmark after deducting from the return all expense
Slide 71: Significant Events (WWF)
On December 14, 2010, the Ministry had filed its response against the constitutional petition requesting the SHC to dismiss the petition. According to the legal counsel who is handling the case, there is a contradiction between the aforementioned clarification issued by the Ministry and the response
Slide 72: Significant Events (Fund Rename, FED)
8. Effective from April 05, 2016, the Name of UBL Financial Sector Bond Fund (UFBF) has been changed to UBL Income Opportunity Fund (UIOF) vide SECP approval dated December 03, 2015. The Fund was converted into generic income scheme thereby investing in quality TFCs / Sukuk, Government Securities, B
Slide 73: SWWF Provisions and Fee Schedule
UBL Income Opportunity Fund (UIOF) 7.27 0.19% UBL Retirement Savings Fund (URSF-DSF) 5.64 0.59% United Growth and Income Funds (UGIF) 19.48 1.08% 11. The Management Company of UGIF has placed the temporary suspension on sale of units from February 15, 2021 till further notice under clause 13.5.1 of
Slide 74: Ex-Post Standard Deviation
Composite 3-Yr St Dev Benchmark 3-Yr St Dev Year (%) (%) 1QFY26¤ 2.65%¤ 0.23%¤ FY25¤ 2.65%¤ 0.21%¤ FY24¤ 1.16%¤ 0.26%¤ 9MFY24¤ 1.32%¤ 0.29%¤ 1HFY24¤ 1.32%¤ 0.30%¤ FY23 1.23% 0.26% FY22 1.22% 0.15% FY21 1.19% 0.13% FY20 1.09% 0.15% FY19 0.97% 0.08% FY18 1.61% 0.02% 2017 1.98% 0.08% 2016 2.82% 0.07% 2
Slide 75: Revenue Recognition and Subjective Inputs
Revenue recognition Gains / (losses) arising on sale of investments are accounted for in the period in which they arise. Dividend income is recognized when the right to receive the dividend is established. Income on reverse repurchase, certificates of investment, placements, government securities an
Slide 76: Withholding Tax and Taxation of Unit Holders
Under the provisions of Clause 47(B) of Part 4 of the Second Schedule to the Income Tax Ordinance, 2001, the Fund’s income namely, dividend, profit on government securities, return on deposits/certificates of investment with banks/financial institutions, profits from money market transactions, profi
Slide 77: UBL Equity Composite
GIPS Compliant Presentation UBL Fund Managers Limited UBL Equity Composite August 4, 2006 through September 30, 2025 Composite: UBL Equity Composite Creation Date: 15-Apr-10 Benchmark: KSE100 Index Reporting Currency: Pak Rupees Internal Total Assets at Percentage of Total Net Benchmark Number of To
Slide 78: Compliance Statement
*Returns are from August 04, 2006 to June 30, 2007 COMPLIANCE STATEMENT UBL Fund Managers Ltd claims compliance with the Global Investment Performance Standards (GIPS®) and has prepared and presented this report in compliance with the GIPS standards. UBL Fund Managers Ltd has been independently veri
Slide 79: Benchmark and Significant Events
the investor with limited knowledge of direct investment in the equity market to attain diversification and capitalize on the professional fund management expertise available with UBL Fund Managers Limited. Benchmark The Benchmark of UBL Funds Equity composite is KSE - 100 Index and returns of Bench
Slide 80: Significant Events (Sales Tax, Management Fee)
amendments in tax laws through Finance Act 2015, where Mutual Funds & Collective Investment Schemes have been excluded from the definition of “Industrial Establishment”, no provision for WWF has been provided after June 30, 2015. However, fund has recorded a provision for WWF of Rs. 17.4444 million
Slide 81: SWWF Provisions and Fees
Accordingly, the Fund has recorded these adjustments in its books of account on January 12, 2017. Based on which the provision against SWWF has been reversed and provision related to SWWF has been recorded. As per direction of MUFAP on behalf of SECP, provision of SWWF has also reversed on August 13
Slide 82: Ex-Post Standard Deviation
Ex-Post Standard Deviation The three-year annualized ex-post standard deviation of the composite and Benchmark as of each year end is as follows: Composite 3- Benchmark 3- Year Yr St Dev Yr St Dev (%) (%) 1QFY26 19.34% 18.08% FY25 19.52% 18.15% FY24 16.82% 15.83% FY23 14.97% 14.99% FY22 19.48% 19.51
Slide 83: Revenue Recognition and Proprietary Assets
Revenue recognition Gains / (losses) arising on sale of investments are accounted for in the period in which they arise. Dividend income is recognized when the right to receive the dividend is established. Income on reverse repurchase, certificates of investment, placements, government securities an
Slide 84: Withholding Tax and Capital Gains
(a) Withholding Tax: Unless exempted from such taxation or at a reduced rate under any law or Avoidance of Double Taxation Agreement, cash dividend paid to Unit holders of the Fund will be subject to withholding tax as per the prevailing tax law. In terms of the provisions of the Income Tax Ordinanc
Slide 85: UBL Dynamic Allocation Composite
GIPS Compliant Presentation UBL Fund Managers Limited UBL Dynamic Allocation Composite December 20, 2012 through September 30, 2025 Composite: UBL Dynamic Allocation Composite Creation Date: 20-Dec-12 Reporting Currency: Pak Rupees Total Assets Percentage of Total Assets of the Firm at Total Net Num
Slide 86: Compliance Statement and Composite Description
Compliance Statement UBL Fund Managers Ltd claims compliance with the Global Investment Performance Standards (GIPS®) and has prepared and presented this report in compliance with the GIPS standards. Definition of the Firm UBL Fund Managers Limited is a wholly owned subsidiary of United Bank Limited
Slide 87: Fees Schedule and Significant Events
Fees Schedule Fees are charged as per different agreements as agreed with the clients. UAAF: 1% Minimum Portfolio Size The Minimum Portfolio size for inclusion in the composite is as follows: For Portfolio/Fund Rs.100 Million per Fund For SMA Rs.50 Million per Managed Account Significant Event: 1. T
Slide 88: Significant Events (SWWF)
on or after the date of closing of account on or after December 31, 2013, to pay two percent of its total income declared to SWWF. The said Act includes any concern engaged in the Banking or Financial Institution in the definition of “Industrial Undertaking” but does not define Financial Institution
Slide 89: Ex-Post Standard Deviation and Valuation Assumptions
Ex-Post Standard Deviation The three-year annualized ex-post standard deviation of the composite as of each year end is as follows; Composite 3-Yr St Dev Year (%) 1QFY26 5.99% FY25 5.92% FY24 4.92% FY23 4.33% FY22 6.10% FY21 11.91% FY20 14.21% FY19 10.69% FY18 12.64% Key Assumption for Portfolio val
Slide 90: Proprietary Assets and Treatment of SMA
Proprietary Assets in the Composite The Composite contains investment of UBL Fund Managers Limited and UBL Bank as at September 30, 2025. Treatment of Separately Managed Discretionary Account (SMA): The SMA shall be liable for payment withholding tax and other taxes on the investment amount and on r