Aug 20, 2025
The General Manager,
Pakistan Stock Exchange Limiterl,
Stock Exchange Building, Stock Exchange Road, Karachi-74000, Pakistan.
Form-3 Subject: Financial results for the year entled June 30, 2025 Dear Sir,JS Investments Lin ited "the Centre, 19tlJ Floor Plot No. 28, .BB-5,
Abdullah Haroon load, Sacldar Ifarachi-74400,
Pakistan.
https://www.jsil.com
UAN: ( r92 2.1) 1 "I I-222-626
We have to inform you that the Board of Directors of JS Investments Limited, the Management Company in their meeting held on Tuesday, August 19, 2025 at 3:00 PM at Karachi, approved the financial results of the following collective investment schemes for the year ended June 30, 2025.
S. No | Fund Name | Annexure |
1 | JS Growth Fund | Enclosed as Annexure |
2 | JS Islamic Fund | |
3 | JS Fund of Funds | |
4 | JS Islamic Income Fund | |
JS Cash Fund | ||
6 | JS Fixed Term Munafa Fund | |
7 | JS Fixed Term Munafa Fund - II | |
8 | JS Islamic Money Market Fund (Formerly JS Islamic Daily Dividend Fund) | |
9 | JS Microfinance Sector Fund | |
10 | JS Momentum Factor Exchange Traded Fund | |
11 | .IS Government Securities Fund | |
12 | JS Money Market Fund |
Kindly acknowledge the receipt. Yours truly
Muhammad Khawar IqbalCOO & Company Secretary
JS NXED TERM MUNAFA FUND II STATEMENT OF ASSETS AND LIABILITIES AS ATJUNE 30, 2025
As at June 30, 2025 | ||
JS fixed Term Munafa Fund II Plan - 1 | JS Fixed Term Munafa Fund II Plan - 2 | |
ASSETS | |||
Bank balances | 148,058,145 | 55,324,102 | |
Investments | 908,579,500 | 2,127,925,024 | |
Mark-up / profit receivable | 4,009,161 | 55,349,775 | |
Deferred formation cost | 275,843 | 397,015 | |
Total assets | 1,060,922,649 | 2,238,995,916 | |
LIABILI7IK | |||
Payable to JS Investments Limited - Management Company | 3,487,663 | 6,308,107 | |
Payable to Digital Custodian Company Lim ited - Trustee | 103,448 | 183,257 | |
Payable to the Securities and Exchange Commission of Pakistan | 89,930 | 159,329 | |
Accrued exgens es and other liabilities | 4,449,668 | 7,923,783 | |
Total liabilities | 8,130,709 | 14,574,476 | |
NET ASSEFS | 1,052,791,940 | 2,224,421,440 | |
UNIT HOLDERS' MND (AS PER STATEMENT ATTACHED) | 1,052,791,940 | 2,224,421,440 | |
CONTINGENCIES AND COMMITMENTS | |||
- (Rupees)
------- (Number of units) -------
NUMBER OF UNITS IN ISSUE
10,361,943 21,737,304
NET ASSET VALUE PER UNIT
101.60 102.33
Yours truly
Muhammad Khawar Iqbal COO & Company Secretary
JS BXED TERM MUNAFA FUND II INCOME STATEMENT
FOR THE PERIOD ENDED JUNE 30, 2025
For the period from May 7, 2025 to June 30, 2025 | |
JS Fixed Term Munafa Fund II Plan - 1 | JS Fixed Term Munafa Fund II Plan - 2 |
INCOME
Prott on:
Bank deposits
Go/ernment securities
Gain on s ale of investments - net
Net unrealised appreciation on re-me asurement of investments clas silied as financial assets 'at fair value through profit or los s'
Total income
(Rupees)
3,722,125 4,120,263
16,869,149 33,809,811
5,848,071 6,813,962
1,168,778 21,326,436
27,608,123 66,070,472
EXPENSES
Remuneration of JS Investments Limited - Management Company Sindh Sales Tax on remuneration of the Management Company Remuneration of Digital Custodian Company Limited - Trustee Sindh Sales Tax on remuneration of lhe Trustee
Fee to the Securities and Exchange Commission of Pakistan Auditors' remuneration
Brokerage and settlement charges Printing and stationery charges Amortisation of deferred formation cost Total expenses
3,314,225
497,133
170,728
25,609
170,728
^ 175,649
287,168
25,000
43,953
4,710,193
5,987,737
898,161
297,274
44,591
297,274
299,551
400,652
25,000
148,714
8,398,954
Net income for the period before taxation
Taxation
Net insome for the period after taxation
Allocation of net income for the period Net income for the period after taxation Income already paid on units redeemed
Accounting income available for distribution
Relating to capital gain
Excluding capital gain
22,897,930 57,671,518
22,897,930 57,671,518
22,897,930 57,671,518
(19,705,023) (37,180,294)
3,192,907 20,491,224
3,192,907
20,491,224
3,192,907 20,491,224
Yours ti"uly
Muhammad Khawar Iqbal
COO & Company Secretaiy
JSinvestmenfs
JS EXED TERM MUNAFA FUND II STATEMENT OF COMPREHENSIVE INCOME FOR THE PERIOD ENDED JUNE 30, 2025
For the period from May 7, 2025
to June 30, 2025
JS Fixed Term
Munafa Fund II
Plan - 1
JS fixed Term
Munafa Fund II
Plan - 2
--.--(Rupees)- --.--..
Net income for the period after taxation
22,897,930
57,671,518
Other comprehensive income for the period
Total comprehensive income for the period
22,897,930
57,671,518
Yours ti my
Muhammad Khawar Iqbal COO & Company Secretai y
JS FIXED TERM MUNAFA FUND II CASH FLOW STATEMENT
FOR THE PERIOD ENDED JUNE 30, 2025
For the period from May 7, 2025 to
June 30, 2025
JS Fixed Term
Munafa Fund II Plan - 1
JS Fixed Term
Munafa Fund II
Plan - 2
(Rupees)CASH FLOWS FROM OPERATING ACTIVITIES
Net income for Ihe period before taxation
Adjustments for:
Profit on bank deposits and investments Gain on sale of inves tments - net
Net unrealised appreciation on re-measurement of
investments classified as financial assets at 'fair value through
FOfit OF IOS S'
Increase in assets lnves tments - net
Mark-up / profit receivable
Deferred formation cost
Increase in liabilities
Payable to JS Investments Limited - Management Company Payable to Digital Custodian Company Limited - Trustee
Payable to the Securities and Exchange Commission of Pakistan Accrued exgens es and other liabilities
Mark-up / profit received
Net cash used in operating activities
CASH FLOWS FROM NNANCING ACTIVITIES
Receipts against iss uance of units
Payments against redemption of units
Net cash generated from financing activities
Net increase in cash and cash equivalents during the period
Cash and cash equivalents at the beginning of the period
Cash and cash equivalents at end of the period
Yours truly
Muhammad Kliawar Iqbal COO & Company Secretary
22,897,930
(20,591,274)
(5,848,071)
(1,168,778)
(27,608,123)
(901,562,651 )
(287,036)
(275,843)
(902,125,530)
3,487,663
103,448
89,930
4,449,668
8,130,709
16,869,149 (881,835,865j
3,144,774,727
[2, 4 4,880,717)
1,029,894,010
148,058,145
148,058,145
57,671,518
(37,930,074)
(6,813,962)
(21,326,436)
(66,070,472)
(2,099,784,626)
(29,874,019)
(397,015)
(2,130,055,660)
6,308,107
183,25-/
159,329
7,923,783
14,574,476
12,454,318
(2,111,425,820)
4,874,169,316
(2,707,419,394)
2,166,749,922
55,324,102
55,324,102
JS FIXED TERM MUNAFA MND II
STATEMENT OF MOVEMENT IN UNIT HOLDERS' FUND FOR THEPERIOD ENDED JUNE 30, 2025
jS investments
r the period from Ma y 7, 2025 to June 3 0, 20
|r the period from Ma y 7, 20 25 to Jun e 3 0, 20
JS Fixe d Term Mun afa Fund II P la n - 1
| JB Fixe d Term Mun afa Fund II Plan - 2
Ca pita I va lue
''destitute d
Total
Ca pitaI vaIu
U'd°.'°' t d
Total
Issuance of units:
JSFTMFII P131,251,221/
JSFTMFII P2 48,439,695 units
Capilal value (at net assel value perunit
at the beginning of the period)
Memen I of income
- - - - - - - • - • - - - (Rupee s) - - • - - - - - - - - - - - - - - - - - - - - - - - - - - - - (R u pe e s) - - - - - - - - - - - - - - - -
3,125,122,090
3,125,122,090
4,843,969,518
4,843,969,518
49,652,a37
19,652,637
30,199,798
30,199,798
Total proe e e as on Issua nc e of units 3,144,774,727
3,144,774,727 4,874,169,316
4,874,169,316
Redemption of units:
JSFTMFII P120,889,278 /
JSFTNFII P2 26,702,391 unils
- Capital value (al nel asset value per unit
al Ihe beg inning of the period) (2,088,927,800
(2,088,927,800
(2,670, 239,10 0
(2,670,239,100
- Eement of loss (6,247,894
(19,705,023
(25,952,917
-
(37,180,2 94
(37,18 0,294
Tata I payme nts on re de mptio n of units (2,095,175,694)
(19,705,023)
(2,114,880,717)
(2,670,239,100)
(37,180,294)
(2,707,419,394)
Tata I c ompre hensive inc ome for the peI
22,897,930
22,897,930
57,671,518
57,67 1,518
Net a see ts at th e e nd of tho pe nod 1,049,590,033 3,192,907 1,052,791,940 2,2g3,930,216 20.491,224 2,224,421,440
Ac c aunting In c ome ava ila b ie for distrib ution
Relating to capital gains
Excluding capital gains
Tolal disthbution duñng lhe penod Undistributed income carried forwad Undistribute d Inc ome c a rrie d forwa rd
Realised income
Unrealised income
3fl92907
3, 192,907
3,192,907
2,024,129
1,168,778
3,192,g07
20, 49 1,224
20,491,224
20, 491,224
20 91,22‹
20,49Q24
Rupe es R upe e s
Net asset value per unil al fhe end of the period
Your s ti iily
% Muhammad Ithawar Iq bal COO & Company Secretary
101.60
102.33
JS ISLAMIC MONEY MARKET FUND (FORMERLY JS ISLAILIC DAILY DIVIDEND FUND)
STATEMENT OF ASSETS AND LIABILITIES
AS AT JUNE 30, 2025
2025 2024
Assets | |||
Bank balances | 880,066,051 | 808,761,388 | |
Investments | 3,312,632,259 | 2,140,587,255 | |
Deposits, prepayments and other receivables | 71,680,241 | 83,178,022 | |
Deferred formation cost | 47,143 | 220,518 | |
Total assets | 4,264,425,694 | 3,032,747,183 | |
Liabilities | |||
Payable to JS Investments Limited - Management Company | 1,991,309 | 1,506,039 | |
Payable to Digital Custodian Company Limited - Trustee | 317,340 | 234,616 | |
Payable to the Securities and Exchange Commission of Pakistan (SECP) | 318,401 | 239,567 | |
Payable against redemption of units | 50,976 | ||
Accrued expenses and other liabilities | 47,591,405* | 11,853,208 | |
Total liabilities | 50,218,455 | 13,884,406 | |
Net assets | 4,214,207,239 | 3,018,862,777 | |
Unit holders' fund (as per ttie statement afitact›e d) | 4,214,207,239 | 3,018,862,777 | |
Contingencies and commitments | |||
-
(Number of units)
Number of units in issue
Net asset value per unit
40,629,439
(Rupees)
103.72
30,188,628
(Rupees)
100.00
Yours truly
Muham mad Khawar Iqbal
COO & Company Secretary
JS ISLAMIC MONEY MARKET FUND (FORMERLY JS ISLAMIC DAILY DIVIDEND FUND) INCOM E STATEMENT
FOR THE YEAR ENDED JUNE 30, 2025
2025 2024
Income | |||
Profit on balances with banks | 99,689,491 | 106,445,030 | |
Profit on term deposit receipts | " | 16,060,548 | |
Profit on Government of Pakistan - Ijarah sukuks | 34,248,904 | 160,928,432 | |
Profit on corporate sukuk certificates | 23,996,800 | ||
Profit on musharakah / mudarabah | 11,103,370 | 209,d75,562 | |
Profit on Bai Muajjal receivable | 333,d72,865 | 119,428,923 | |
Net unrealised appreciation on remeasurement of investments | |||
(Rupees)
classified as financial asset 'at fair value through profit or loss'
Net realised loss on sale of investments
Total income
Expenses
Remuneration of JS Investment Limited - Management Company Sindh sales tax on remuneration of the Management Company Alocated expenses
Selling and marketing expenses
Remuneration of Digital Custodian Company Limited - Trustee Sindh sales tax on remuneration of the Trustee
Fee to the Securities and Exchange Commission of Pakistan (SECF') Amortisation of deferred formation costs
Rating fee Listing fee
Auditors' remuneration
Bank and settlement charges Brokerage expense
Printing and stationery charges SECP supervisory fee
Shariah advisory fee Total expenses
Net income for the year before taxation
Taxation
Net income for the year after taxation
Allocation of net income for the year Net income for the year after taxation
(3,023,202) 499,d88,228
10,006,179
1,500,936
3,013,414
2,536,013
380,396
2,926,472
173,375
210,342
28,250
1,261, 080
304,893
942,791
179,868
2,500
1,799,459"
25,265,968
474,422,260
474,422,260
474,422,260
1.453,102
(2,092,129) 611,899,548
6,561,415
852,984
2,996,026
5,285,599
1,967,696
255,800
2,266,446
172,900
188,552
28,250
948,528
584,010
685,087
101,468
2,500
1,924,884
24,822,145
587,077,403
587,077,403
587, 077,403
Income already paid on units redeemed (244,679,420)
229,742,840 587,077,403
Accounting income available for distribution
Relating to capital gain
Excluding capital gain
Yours ty y
Muliam mad Khaivar Iqbal COO & Company Secretary
229,742,840
229,742,840
587,077,403
587,077,403
IS invesfmenfs
JS ISLAMIC MONEY MARKET FUND fFORMERLY JS ISLAMIC DAIL.Y DIVIDEND FUND) STATEMENT OF COMPREHENSIVE INCOM E
FOR THE YEAR ENDED JUNE 30, 2025
2025 2024
------------------(Rupees)------------------
Net income for the year after taxation | 474,422,260 | 587,077,403 | |
Other comprehensive income for the year | |||
Total comprehensive income for the year | 474,422,260 | 587,077,403 |
Yours ti ly
9 Muhammad Ithasvar lqbal
COO & Company Secretly
JS ISLAMIC MONEY MARKET FUND (FORMERLY JS ISLAMIC DAILY DIVIDEND FUND) CASH FLOW STATEMENT
FOR THE YEAR ENDED JUNE 30, 2025
2025 2024
CASH FLOWS FROM OPERATING ACTIVITIES | ||
Net incom e for the year before taxation | 4T4,422,260 | 587,077,403 |
Adjustments for: Profit on balances with banks | (99,689,491) | (106,445,030) |
Profit on term deposit receipts | (16,060,548) | |
Profit on Government of Pakistan - Ijarañ sukuks | (34,248,904) | (160,928,432) |
Profit on corporate sukuk certificates | (23,996,800) | |
Profit on musharakah / mudarabah | (11,103,370) | (209,675,562) |
Profit on Bai Muajjal receivable | (333,672,865) | (119,428,923} |
Amortisation of deferred formation cost | 173,375 | 172,900 |
Net unrealised appreciation on remeasurement of investment | ||
classified as financial asset 'at fair value through profit or loss' | (1 ,453.182) | |
Net realised loss on sale of investments | 3,023,202 | 2,092,129 |
(25,092,593) | (24,649,245) | |
Decrease / (increase) in assets | ||
Investments - net | 933,679,079 | (1,576,226,202) |
Prepayments and other receivables | (1,632) | 341,539 |
933,677,447 | (1,575,884,663) | |
Increase in liabilities | ||
Payable to JS Investments Limited - Management Company | 485,270 | (954,082) |
Payable to Digital Custodian Company Limited - Trustee | 82,T24 | 45,083 |
Payable to the Securities and Exchange Commission of Pakistan (SECP) | 78,834 | (136,569) |
Accrued expenses and other liabilities | 35,738,197 | 7.394.143 |
36,385,025 | 6,348,575 | |
Profit received on balances with banks | 103,260,432 | 123,091,878 |
Profit received on term deposit receipts | 16,060,548 | |
F'rofit received on Government of Pakistan - ljarah sukuks | 68,608,006 | 160,722,388 |
Profit received on corporate sukuk certificates | 23,996,800 | |
Profit received on musharaka / mudarabah certificates | 318,345,605 | 209,675,562 |
F'rofit received on Bai Muajjal receivable | 90,025,746 | |
hlet caefi use 0 in operating activ ities | 1,459,180,722 | (994,609,211) |
CASH FLOWS FROM FINANCING ACTIVITIES | ||
Receipts from issuance of units | 18,262,457,253 | 10,841,208,100 |
Payments on redemption of units - net | (17,342,3T3,484) | (10,905,111,607) |
Dividend paid | t199,212,543) | (587,077,403) |
Net cash generated from / (used in) financing activities | 720,8T1,226 | (650,980,910) |
Net increase I (decrease) in cash and cash equivalents during the ye. | 2,180,051,948 | (1,645,590,121) |
Cash and cash equivalents at the beginning of the year | 808,761,388 | 2,454,351,509 |
Cash and cash equivalents at the end of the year | 2,988,813,336 | 808,761,388 |
YOU1'S trul y | ||
(Rupees)
Muhammad Khawnr tqba I
COO & Company Secretary
JS ISLAMIC MONEY MARKET FUND |FORMERLY JR ISLAMIC DAILY OI DEND FUND) STAT EMENT OF MOVEMENT IN UNIT HOLDERS' FUND
FOR THE YEAR ENDED JUNE 30, 2025
2025 | 2024 | |||||
IJndistributed income | ||||||
•••......-••+......-••...... Qp pees)• ......-••.......-• +....... +...... -••....... --+... .. -- QU p qq$).... ... -....................
Net assets at the beginning of the year
Issue of 174,628, 503 unib (2024: 108,412,081 unib) C'apital value (nelasset value per unit at
Ihe beginning of be year)
Total proceeds on issuance of units
3,018,862,777
17,462,850,339 968,519,090 | 17,462,850,339 968,51g,090 | t0,841,208,100 | 10,841,208,100 |
(16,48,766,40 | /) | - | (I 6,418, 766,407j | T0,905, J62,583 | 0,905,16'2,583 | |
(678,876,681] | (244,679,420) | (923,556,101) |
18,431,369,4 29
3,018,862,777 3,082,817,260
18,431,369,429 10,841,208,100
3, 2f17,260
10,841,208,100
Rederrqton of 164,187,692 unib (2024: 109,051,626 unib)
CapiBl yaIue (net asset value per unit al
Ifie beginning ofte year)
ETerrenl ofbss
(I /,097,6'41,088) (244,679,420) (17,342,332,508) J0,90'i,162,583
10,905,162,583
Iobl oornreflensie ianrre br be year | 474,d22,260 | 47q,a 22,260 | ||||
Re0nd ot0apial DisLibu%ns during be year: Rs. 9.74 | (168,912,176) | (168,912,176) | ||||
t2024: Rs.19.6333) pef unit atpar value ofRs. 100/- each | 19 | (199,212,543) | (199,212,543) (587,077,d03) (587,07 y,403) | |||
fJet assets at the end of the year | 4,183,676,942 | 30,530.297 | 4,214.207,239 | 3,018,862,777 | 3,018,862,777 | |
-' Undistñbuted income brought forward Realised income
Llnrealised income
Relatng b capital gain
' • E«c)udtng capiBl gains
DisYibufons during Ihe year: Rs. 9.74
(2024: Rs,19.6333) per unfi alpar value of Rs. 100/- each 19
Llndistñbuted income canied forward
Net asset had per flsâ aide begiflig oI he year Clef amet value per unil at be end or be year
Muhammad Khawar Iqbal COO & Company Secretary
z?9.?4?,840 229.I4?,840
(199,3l2,S43l
30,S30,297
100.00
103.72
58/,077,403 'i87,077,40J
tRu pees)
100.00
TOO.OO
xls invesfments
J5 MICROFINANCE SECTOR PUND STATEFtENT OP ASSETS AJSfD LIABILITIESAS AT 2sfE 30, 20fi5
Jiine 30,
2025
Rtpees
Jiuie 30,
ASSETS | |||
Balances with bank | 10,338,138,898 | 10,066,131,477 | |
lin estments | 2S0,000,000 | 102,143,270 | |
Profit deceit-able | 203,702,7S5 | 233,*64,60J | |
Deferred fomiztioii cost | 261,017 | 401,122 | |
Prepaid Mutual Print Writing Pee | 279,248 | 222,90S | |
Totol assets | 10,792,381,918 | 10,402,163,362 | |
Pay-able to JS hn-estmeiits Limited - klanagement Company | 12,419,705 | ||
Payable to Digital Custo‹1iei CDinpaiw Limited - Tnistee Pa -able to Seclinties and Rxclisnge comnussioti
of Pnkistati
Payable against redemption of unita Dividend pay-able
Accmed expenses and other liabilities Totnl 1int›i1ities
Conangencies and commitments i' ter assets
Unit holders' ftmd (as per statement attached)
J^'Tumbcr of tnits in issne
Muhammad Khawar Iqbal COO & Company Secretary
1,057,000
t0,675,706,204 10,294,9 1,23S
10,675,705,204 10.294,971,238
(Number)
70 17 101,316,947
(Rupees)
108.35 101.61jS investments
JS AiICROFINANCE SECTOR FUND
INCORIE STA'FERIENT
FOR THE YEAR ENDED NE 30, 2025
I income
ñlarkrip on bank balances
Realised gain on sale of iiii•estments at rair i-afee Rettini on del›t tin estineiits
Set unieslised guiii on ie-ine«siurincnt of investments at fair i-alive though pro£t or loss
Total income
Expense s
Jiiile 30,
2025
2,022,921,050 | 2,063,8S9,SJ0 |
4,203,558 | |
20,?26,S70 | 16,649,6SS |
Rnyees -
?024
Reiiiiiiieiation to the management Company
Sales tax oti remtinetation to the management Company' Accorinting and operational charges
Selling :uid marketing expense Reniiinerstion to the Tnistee
Sales tax on remuneration to Trustee
Pee of the Securities and Exchange Commussio» of Pakistan Amortization of defeixert formation cost
Listing fee
ñtutoal fluid raLng fee
Baik and settlement cl z'fy:s Printing mud stationmj-Ati‹1itor's reiiivinerntion
139,0?8,723
20,8G1,80S
11,122,800
4,168,081
10,202,531
1,530,351
10,204,831
140,105
28,2S0
17s,357
83,732
123,S20
877932
?3,S21,TS9 6,9?1,S34
9,0I9,?tG
??,t93,6L1 G, 61, 33 8^9,4l8
6,?67,226
1J0,4S9
2S,2?0
1.3,6S8
4,9s2°
101,465
6 ,195
Total expenses
I"fet iuconze for tlte }'esr before taxario›z
TaxiPort
Set incoirie for the j-ear after taxation
Allocsnon of net incottte for the yesr
Set income foc the ; ear after taxation Income nlread- paid on units redeeniefi
Accounting income svnilable for distribtttion
Relnttng to capital gain
Esc1tirli:ig capital Haiti
Muhammad Khawar Iqbal
COO & Company Secretary
198,598,022 1070?2,J|3
1,892,214,785 1,99?,65S,8S? J,892,214,?8S 1,99T,G3S,SS3
1,892,214,785 1,S9>,GS6,SS3
208,804,429 1,*J4,3S6,406
38,365,J87 2,14S,270
170,439,242 4 !,443 36
208,804,429 1,244, 66,406
US investmenls
JS MICROP NAi"tCE SECTOR PUT' fD STATEMENT OP COMPREHENSIVE INCONIE FOR THE YEAR EJ"4DED M 30, 2025
Note
Jiine 30,
2025
-Rupees- -
'4et profit for the yenr after taxation
Totnt comprehensive income for the vear
1,892,214,78S 1,99 ,6SS,ESS
1,892,214,78S 1.997.636,86S
Yours truly
Muhammad Khawar Iqbal
COO & Company Secretary
JS invesfments
jS RtICROFINANCE SECTOR PUND STATERIENT OF CASH PLOT'
FOR TUE YEAR ENDED NE 30, 2025
Jrine 30,
202>"
Rupees-
CASH PLOT'S PROFI OPERATING ACTIVITIES Set income for the ) ear before tzxntioii | 1,892,214,785 | l,997,6ñS,SSñ | ||
Adjustments for: | ||||
Amortization of deferred founation cost be i iuiiezli zerl ga'ui on iiii-estnients | 140,105 | |||
at fair i-Niie tliroogli profit anrl loss | (33,6}6l9) | |||
Realiserl gnin on sale of iiii'estmetits at fair i-clue | (4,203,568) | |||
Incresse in current assets | ||||
Profir ieceii-able | 29,S61,8S0 | (40,'SS,4JG) | ||
Iin'estments | (109,491,S43) | (100,000.000) | ||
Prepaitl ñltitiial Fiiiitl hating Pee | (36,340) | /3S.49?) | ||
(79,986,033) | (140,fi1S,94S) | |||
(lncre ase) / decrease in current liabilittes | ||||
fumble to{S Ln•estments Linuted - management Conipai1›- | (7,832,752) | S,S56,962 | ||
Pa}-able to Distal Ciisto‹timi Company- Ltnuted - Tixistee | 127,834 | ?19,?39 | ||
P.is able to Securities anal Exchange coiiuiussion | 96,860 | (s9l,S2?) | ||
Scented expenses and other lialcilities | 17,091,628 | SG,06?,6*4 | ||
9,463,570 | 65,630,69S | |||
Net cash generated from operating actiiyties | 1,783,487,240 | 1.94G,4S ,SAP | ||
CASH PLOT'S PRORt IlTVESTIiSi G ACTIVITIES | ||||
CASH PLOWS PROM FINANCING ACTIVITIES | ||||
.mount receii-ed on issuance of u uti | 90,205,865,505 | |||
Amount pai‹l on redemption of iuuts | (91,S46,6S6,07S) | |||
Dir idenrt pnid | (170,689,249) | |||
Set caslx (tised in) / generste‹t front financing nctiiities | (1,5ll,4'?9,819) | "26,362,20c" | ||
Wet increase in cash end cash equivalents | 27'2,007,421 | L°,666,970,062 | ||
Cash a:id cash ec}iiivalents at begiiung of the j-eat | l0,066,13'l,477 | ?,399,261,41ñ |
Cnstl met ceslz egd ste›tts of eitrt of the S'enr " 10,338,139,898 I0,0GG,J 3.1,1T
Yours truly
Muhammad Khawar Iqbal COO & Company Secretary
&IS investments
JSMICROFM4LNCESECTORPUND STATEMRMTOPMOVEMEMItMUNITHOLDERFPUND
PORTHEYEARENDRD)UNE302025
Por The Year Ended {une 30, 2025 or The 1'etr Ended Jtute 30, 2024
Lwoixof 626/73,919.
-c,eiwm •(*t+,e*ts*timper
-BhmiM€of from* I6JJLA
@024:%)0 jM& )
unit at the beginning of tbn ymt}
- R1*rn•at of loss
-Amount paid / papble on
r d caption of emit
(6?,6lI/M,S12
T°t*1p•ymenb on redemption
Net aiieti xMit per init «t hemming of the yes Net «siiti rA+e pec hunt rt end of the yes
Yours truly
Muhammad Khawar Iqbal
COO & Company Secretary
JS MOMENTUM FACTOR EXCHANGE TRADED FUND
STAT EMENT OF ASSETS AND LIABILITIES
AS AT JUNE 30, 2025
* 2025 * 2024
(Rupees)
Assets | |||
Bank balances | 72,662,404 | 92,047,153 | |
Investments | 685,588,330 | 207,755,984 | |
Profit receivable Receivable from JS Investments Limited - Management Company | 1,761,266 | 333,508 | |
Advances, deposits and other receivables | 2,255,068 | 1,148,150 | |
Total assets | 762,267,068 | 301,284,795 | |
Liabilities | |||
Payable to JS Investments Limited - Management Company | 230,000 | 159,658 | |
Payable to Central Depository Company of Pakistan Limited - Trustee | 98,567 | 35,566 | |
Payable to the Securities and Exchange Commission of Pakistan (SECP) | 51,273 | 8,011 | |
Payable against purchase of investments | 20,713,069 | 85,176,672 | |
Accrued expenses and other liabilities | 11,060,018 | 595,607 | |
Total liabilities | 32,152,927 | 85,975,514 | |
NET ASSETS | 730,114,141 | 215,309,281 | |
uNiT HOLDERS' FUND (AS PER STATEMENT ATTACHED) | 730,114,141 | 215,309,281 | |
CONTINGENCIES AND COMMITMENTS | |||
--------- (Numbe r of units) ---------
NUMBER OF UNITS IN ISSUE
69,630,000
11,180,000
(Rupees)
NET ASSET vmuE r•ER UNIT
10.49
19.26
Yours truly
Muhammad Khawai Iqbal
COO & Company Secretary
JS MOMENT UM FACTOR EXCHANGE TRADED FUND INCOME STA7EMEN7
FOR T HE YEAR ENDED JUNE 30, 2025
2025 2024
Income | |||
Profit on saving accounts with banks | 3,103,736 | 814,370 | |
Dividend income | 14,987,384 | 5,100,124 | |
Other income | 2,068,403 | ||
Gain on sale of investments - net Net unrealised appreciation on remeasurement of investments classified | 130,874,196 | 47,778,903 | |
as financial assets 'at fair value through profit or loss' | 23,643,044 | 9,757,556 | |
Total income | 172,608,360 | 65,519,356 | |
Expenses | |||
Remuneration of Central Depository Company of Pakistan Limited - Trustee | 287,002 | 66,957 | |
Sindh Sales Tax on remuneration of the Trustee | 43,050 | 8,704 | |
Fee to the Securities and Exchange Commission | |||
of Pakistan (SECP) | 274,715 | 62,738 | |
Registrar fee | 137,625 | 135,600 | |
Listing fee | 30,750 | 89,685 | |
Auditors' remuneration | 1,173,640 | 902,400 | |
Printing and stationery charges | 162,065 | 101,468 | |
Legal and professional fees | |||
CDC settlement charges | 212,300 | 49,824 | |
Securities transaction cost | 4,546,261 | 1,964,269 | |
Oher expenses | 277,817 | ||
Total expenses | 7,145,225 | 3,381,645 | |
Net income from operating activities for the year | 165,463,135 | 62,137,711 | |
Element of (losses) / income and capital (losses) I gains included in | |||
prices of units issued less those in units redeemed - net | (77,379,936) | 60,490,176 | |
Net income for the year before taxation | 88,083, J99 | 122,627,887 | |
Taxation | |||
Net income for the ear after taxation | 88,083,199 | 122,627,887 | |
Yours trtily |
(Rupees)
Muhammad Kfiawnr Iqbal
COO & Company Secretary
JSinvestments
JS MOMENTUM FACTOR EXCHANGE TRADED FUND s rArEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED JUNE 30, 2025
" 202$ "
- (Rupees) -
2024
Net income for the year aftet taxation | 88,083,199 | 122,627,887 | |
Other comprehensive income for the year | |||
Total comprehensive income for the year | 88,083,199 | 122,627,887 |
Muhammad Khawar Iqbal
COO & Company Secretary
JS MOMENTUM FACTOR EXCHANGE TRADED FUND CASH FLOW STATEMENT
FOR THE YEAR ENDED JUNE 30, 2025
" 2025 "
2024
- (Rupees) --
CASH FLOWS FROM OPERATING ACTIVITIES | |||
Net income for the year before taxation | 88,083,199 | 122,627,887 | |
Adjustments for: | |||
Profit on saving accounts with banks | (3,103,736) | (814,370) | |
Dividend income | (14, 987,384) | (5,100,124) | |
Net unrealised appreciation on remeasurement of investments classified | |||
as financial assets 'af fair value through profit or loss' Element of losses / (income) and capital losses / (gains) included in | (23,643,044) | (9,757,556] | |
prices of units issued less those in units redeemed - net | 77,379,936 | (60,490,176) | |
Gain on sale of investments - net | /130,874,196} | (47,778,903) | |
(95, 228,424) | (123,941,129) | ||
(Increase) / decrease in assets | |||
Investments - net | (323,315,106) | (75,478,096) | |
Receivable from JS Investments Limited - Management Company | 333,508 | 236,735 | |
Advances, deposits and other receivables | (1,106,918) | ||
(324,088,516) | (75,241,361) | ||
Increase/ (decrease) in liabilities | |||
Payable to JS Investments Limited - Management Company | 70,342 | (29,083) | |
Payable to Central Depository Company of Pakistan Limited - Trustee | 63,001 | 17,893 | |
Payable to the Securities and Exchange Commission of Pakistan (SECP) | 43,262 | 189 | |
Payable against purchase of investments | (64,463,603) | 48,961,995 | |
Accrued expenses and other liabilities | 10,464,411 | 184,503 | |
(53,822,587) | 49,135,497 | ||
Profit received on balances with bank | 1,342,470 | 838,989 | |
Dividend received | 14,987,384 | 5,100,124 | |
Net cash used in operating activities | (368,726,474) | (21,479,993) | |
CASH FLOWS FROM FINANCING ACTIVITIES | |||
Receipts against issuance of units | 1,218,495,461 | 365,401,307 | |
Payments against redemption of units | (642,997,136) | (292,642,079) | |
Dividend paid | (226,156,600) | ||
Net cash generated from financing activities | 349,341,725 | 72,759,228 | |
Net (decrease) / increase in cash and cash equiv alents during the year | (19,384,749) | 51,279,235 | |
Cash and cash equivalents at the beginning of the year | 92,047,153 | 40,767,918 | |
Cash and cash equ" alents at e nd of the year | 72,662,404 | 92,047,153 | |
Yours trqjy | |||
Muhammad Khawar Iqbal | |||
COO & Company Secretary | |||
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