Exchange Traded Fund

Meezan Pakistan Exchange Traded Fund

Investment Objective

Meezan Pakistan Exchange Traded Fund is a Shariah-compliant Exchange Traded Fund that aims to provide investors an opportunity to track the performance of Meezan Pakistan Index that has been constituted and is maintained by Al Meezan, and comprises Shariah-compliant equity securities selected with high consideration towards market capitalization and traded Value.

i NAV
8.00
Day End NAV
14.4247
as on 17th June 2024
2023-06-11
18:18:51

Investment Strategy

The Fund shall invest in a particular basket of shariah compliant securities with a view to track the performance of a representative shariah compliant securities index.

The AMC shall use a replication indexing strategy. “Replication” is an indexing strategy in which a fund invests in substantially all of the securities in its underlying benchmark index in approximately the same proportions as in the underlying benchmark index. The AMC shall ensure that at all times, at least 85% of the Assets of the ETF remain invested in the component securities of the Benchmark Index being tracked by it, while the remaining assets may comprise of cash or cash equivalents.

Benefits at a Glance

  • Diversified portfolio of Shariah Compliant securities
  • Can easily be traded on the stock exchange any time during market hours, hence can benefit from intra-day movements
  • Professional Management of your savings by experienced fund managers with a proven track record
  • Under the supervision of a reputable Shariah Advisor; Dr. Imran Ashraf Usmani

Choose this Fund If You Are Seeking

  • Who have the ability to take the risks associated with financial market investments

Fund Facts

Fund Type

Open End

Fund Category

Shariah Compliant Exchange Traded Fund

Ticker

MZNPETF

Launch Date

5th Oct, 2020

Fund Size

0.08 Bn

as on April 30th , 2024

Benchmark

Meezan Pakistan Index

Lot Size

Five Hundred ETF Shares

in secondary market

Risk Profile

High

Unit Types

-

Management Fee

Up to 0.5% P.a.

Actual Rate of Management Fee

0.50%

Rebalancing

At least once semi-annually

Reconstitution

Semi-annual

Trustee

CDC

Central Depository Company

Listing

PSX

Pakistan Stock Exchange

Fund Manager

Ali Hassan Khan

CFA, FRM

Asset Manager Rating

AM1

by VIS & PACRA

Constituents of the Benchmark Index (Effective date of index composition: December 31, 2020):

LUCK PPL DGKC MLCF
OGDC PSO SEARL ISL
ENGRO UNITY EFERT POL
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Fund Performance

FY23 FY22 FY21* FY20 FY19 FY18 FY17 FY16 FY15
MPETF -1.32% -23.41% 15.57% - - - - - -
Benchmark -1.04% -22.37% 18.57% - - - - - -
* 268 Days of Operations