UBL Pakistan ETF Announces Portfolio Reconstitution Effective May 3, 2024

Karachi, UBL Pakistan has announced the reconstitution of the UBL Pakistan Enterprise Exchange Traded Fund (UBLP-ETF) portfolio, set to take effect on May 3, 2024. The decision follows the guidelines of Section 96 of the Securities Act, 2015, Clause 5.6.1(a) of the PSX regulation, and the Offering Document of UBLP-ETF. This reconstitution aligns with the scheduled adjustments of the UBL Pakistan Enterprise Index (UPP9).

During the reconstitution process, the indicative Net Asset Value (iNAV) will continue to be disseminated. It is important to note that the iNAV during this period will reflect the value based on the previous basket of assets and may not accurately represent the underlying basket.

Stakeholders, including the TRE Certificate Holders of the Exchange, have been advised of these changes.