UBL Pakistan Enter ETF · PSX:UBLPETF
UBL Pakistan Enter ETF — UBL Fund Managers — Fact Sheet (September 2018)
7 slides from UBL Pakistan Enter ETF's fact sheet, September 2018
Slide 1: GIPS Compliant Presentation: UBL Bond Savings Composite
UBL Fund Managers Limited GIPS Compliant Presentation UBL Bond Savings Composite November 4, 2011 through Sept 30, 2018 Composite: UBL Bond Savings Composite Creation Date: 30-Jun-12 Reporting Currency: Pak Rupees Total Net Number Total Assets at Percentage Total Assets of the Firm at end of Period
Slide 2: 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 3: Fees, Minimum Portfolio Size and Significant Events
A list of all composite descriptions is available upon request. Fees Returns are presented net of all expenses (including custodial expenses, SECP fee, Listing fee) in addition to the Management Fee and Trading Expenses. Fee Schedule Management Fee is 1.5% p.a. (URSF-DSF) Minimum Portfolio Size The
Slide 4: Significant Events (continued)
Excise Duty (FED) after 01 July 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
Slide 5: Composite 3-Year Standard Deviation and Key Valuation Assumptions
Composite 3-Yr St Year Dev (%) 1QFY19 0.74% FY18 1.01% FY17 2.22% FY16 2.32% FY15 1.01% 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 Portfo
Slide 6: Composite Investments and Liability for Income Tax
The Composite does not contain any investment of UBL Fund Managers Limited and UBL Bank Limited (Parent Company of UBL Fund Managers Limited) as at September 30, 2018. Liability for Income Tax Under the income tax law in Pakistan, the Fund is regarded as a public company for tax purposes. The income
Slide 7: Withholding Tax and Capital Gains Tax
(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 Ordinance