UBL Pakistan Enter ETF · PSX:UBLPETF
UBL Pakistan Enter ETF — UBL Fund Managers — Investor Presentation (March 2019)
7 slides from UBL Pakistan Enter ETF's investor presentation, March 2019
Slide 1: GIPS Compliant Presentation: UBL Bond Savings Composite
UBL Fund Managers Limited GIPS Compliant Presentation UBL Bond Savings Composite November 4, 2011 through March 31, 2019 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: List of Composites, Fees and Significant Events
List of Composites 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) Manageme
Slide 4: Significant Events (continued)
3. On 30 June 2016, the Honorable Sindh High Court of Pakistan has passed the Judgment that after 18th amendment in Constitution of Pakistan the Provinces alone have the legislative power to levy a tax on rendering or providing services therefore chargeability and collection of Federal Excise Duty (
Slide 5: Composite List Additions, Standard Deviation and Valuation Assumptions
5. USSP-I has been added in the composite list as period of 45 days has been completed for inclusion in portfolio (first NAV announced date November 09, 2018). The Fund/Scheme has maintained provisions against Sindh Workers’ Welfare Fund as of March 31, 2019 to the tune of Rs. 0.35 million. 6. USSP-
Slide 6: Revenue Recognition and Proprietary Assets
are derecognized when they are extinguished, that is, when the obligation specified in the contract is discharged, cancelled, or expires. Any gain or loss on derecognizing of the financial assets and financial liabilities is taken to the income statement in the period in which it arises. Revenue rec
Slide 7: Withholding Tax and Taxation of Unit Holders
income shall be calculated after excluding capital gains and as reduced by such expenses as are chargeable to the Fund under the Regulations. Withholding Tax 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, p
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