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International Investment

Investment Process for Non-Resident Pakistanis and International Investors

UBL Funds provides overseas investors the opportunity to directly invest in any of the Mutual Funds, Administrative Investment Plans & Voluntary Pension Schemes (only for Pakistani nationals) being offered by UBL Fund Managers. Investments can be made in the major global currencies (USD, EUR, GBP, AED & SAR) and the units of the Fund(s)/Plan(s) will be issued against Pak Rupee (PKR) of equivalent amount after applying prevalent exchange rate by the designated Authorized Dealer Bank in Pakistan (to be called “Bank”). Upon redemption, the amount will be repatriated in same currency in which the investment was made. The net redemption amount will be converted back from PKR to same currency by the Bank, and wired back to the investor’s bank account. There is no limit on investment amount and the entire amount is subject to full repatriation as per State Bank of Pakistan’s (SBP) foreign exchange regulations (SBP F.E. Manual Eighth edition 2002).

All qualified investors including Non-Resident Pakistanis, Foreign Nationals and Companies incorporated outside Pakistan can make applications for issuance of Units of Mutual Funds/Investment Plans. Meanwhile only Pakistani nationals are eligible to subscribe to Voluntary Pension Schemes (UBL Retirement Savings Fund & Al-Ameen Islamic Retirement Savings Fund).

Process for Mutual Funds/Plans investors’ investing with UBL Funds for the first time:

Fill the “Account Opening Form” for Mutual Funds Link: (Conventional | Islamic)
Fill the “Account Opening Form” for Administrative Investment Plans Link: (Conventional | Islamic)
Transfer the investment amount in favor of “CDC Trustee UBL Funds” (for Conventional Funds/Plans), “CDC Trustee Al-Ameen Funds” (for Islamic Funds/Plans).
The list of collection accounts and routing details for different currencies can be found in Annexure ‘A’ of this document.
Email scanned copies of the application package to customercare@ublfunds.com
Please send the (physical) application package with the following items to the address provided below:

Application Package items:	Address for sending Application Package:
Filled and Signed “Account Opening Form” W8/ W9 if applicable as per FATCA SOP guidelines Filled and Signed “Account Opening Form” or “Additional Investment Form” Wire transfer slip/ SWIFT/ proof of funds transfer For Individual Investors: A copy of Passport or NICOP Proof of employment and source of funds (e.g. Iqama / Work Permit/employment certificate/salary slip/salary certificate etc.) Copies of CNIC or Passport or NICOP in case of nominee(s) or joint applicant(s) (if any) CRS-1 Form (for Individuals) Form of applicant as well as joint applicant(s) (if any) FATCA (W9/W8) of applicant as well as joint applicant(s) (if any) Zakat affidavit (CZ-50) optional For Corporate Investors (Attested copies of): Certified copy of Memorandum & Article of Association/Company Incorporation Documents (as Applicable) Certified Copy of Trust Deed/ Rules & Regulations (as applicable) Certified Copy of Partnership Deed (as Applicable) Copy of Board Resolution authorizing investment in the scheme/ Fund Certified List of authorized signatories along with specimen signatures Copies of CNIC / NICOP / Passport(s) of all directors and authorized signatories Power of Attorney (If Applicable) CRS (for entity) Form and CRS Form (for controlling persons) FATCA W-8BENE form of corporate entities (mandatory) FACTA forms (W8/W9) of all directors & authorized signatories (as applicable) as per FATCA SOP Information regarding Ultimate Beneficial Owner of the company along with identity documents	Operations Department UBL Fund Managers Limited 4th floor, STSM Building, Beaumont Road, Civil Lines, Karachi, Pakistan.

Application Package items:

Address for sending Application Package:

Filled and Signed “Account Opening Form”
W8/ W9 if applicable as per FATCA SOP guidelines
Filled and Signed “Account Opening Form” or “Additional Investment Form”
Wire transfer slip/ SWIFT/ proof of funds transfer
For Individual Investors:

A copy of Passport or NICOP
Proof of employment and source of funds (e.g. Iqama / Work Permit/employment certificate/salary slip/salary certificate etc.)
Copies of CNIC or Passport or NICOP in case of nominee(s) or joint applicant(s) (if any)
CRS-1 Form (for Individuals) Form of applicant as well as joint applicant(s) (if any)
FATCA (W9/W8) of applicant as well as joint applicant(s) (if any)
Zakat affidavit (CZ-50) optional

For Corporate Investors (Attested copies of):

Certified copy of Memorandum & Article of Association/Company Incorporation Documents (as Applicable)
Certified Copy of Trust Deed/ Rules & Regulations (as applicable)
Certified Copy of Partnership Deed (as Applicable)
Copy of Board Resolution authorizing investment in the scheme/ Fund
Certified List of authorized signatories along with specimen signatures
Copies of CNIC / NICOP / Passport(s) of all directors and authorized signatories
Power of Attorney (If Applicable)
CRS (for entity) Form and CRS Form (for controlling persons)
FATCA W-8BENE form of corporate entities (mandatory)
FACTA forms (W8/W9) of all directors & authorized signatories (as applicable) as per FATCA SOP
Information regarding Ultimate Beneficial Owner of the company along with identity documents

Operations Department
UBL Fund Managers Limited
4th floor, STSM Building,
Beaumont Road, Civil Lines, Karachi, Pakistan.

Process for Additional investments in Mutual Funds/Plans

Fill the “Additional Investment Form” for subsequent investments (Conventional | Islamic)
Transfer the investment amount in favor of “CDC Trustee UBL Funds” (for Conventional Funds/Plans), “CDC Trustee Al-Ameen Funds” (for Islamic Funds/Plans).
Email scanned copies of the application package to customercare@ublfunds.com
Please send the (physical) application package with the following items to the address provided below:

Additional Investment Package items:	Address for sending Additional Investment Package:
Filled and Signed “Additional investment form” Wire transfer slip/ SWIFT/ proof of funds transfer	Operations Department UBL Fund Managers Limited 4th floor, STSM Building, Beaumont Road, Civil Lines, Karachi, Pakistan.

Process for investors’ investing with UBL Funds in Voluntary Pension Schemes for the first time (Note: Only Pakistani nationals are eligible):

Fill the “Account Opening Form”, “Contribution Form”, “Nomination Form” and “Health Questionnaire” Form (for complimentary Takaful cover) for Voluntary Pension Schemes.
Transfer the investment amount in favor of “CDC Trustee UBL Retirement Saving Fund- URSF” (for conventional retirement plans), “CDC Trustee Al Ameen Islamic Retirement Saving Fund- AIRSF” (for Islamic retirement plans). The list of collection bank accounts and routing details can be found in Annexure ‘A’ of this document.
The list of collection accounts and routing details for different currencies can be found in Annexure ‘A’ of this document.
Email scanned copies of the application package to customercare@ublfunds.com
Please send the (physical) application package with the following items to the address provided below:

Additional Package items:	Address for sending Additional Package:
Filled and Signed “Account Opening Form”, ‘Contribution Form”, “Nomination Form” and “Health Questionnaire” Form W8/ W9 if applicable as per FATCA SOP guidelines Wire transfer slip/ SWIFT/ proof of funds transfer For Individual Investors: A copy of CNIC or NICOP or passport Proof of employment and source of funds (e.g. Iqama / Work Permit/employment certificate/salary slip/salary certificate etc.) Copies of CNIC or Passport or NICOP in case of nominee(s) or joint applicant(s) (if any) CRS-1 Form (for Individuals) Form of applicant as well as joint applicant(s) (if any) FATCA (W9/W8) of applicant as well as joint applicant(s) (if any) Zakat affidavit (CZ-50) optional	Operations Department UBL Fund Managers Limited 4th floor, STSM Building, Beaumont Road, Civil Lines, Karachi, Pakistan.

Additional Package items:

Address for sending Additional Package:

Filled and Signed “Account Opening Form”, ‘Contribution Form”, “Nomination Form” and “Health Questionnaire” Form
W8/ W9 if applicable as per FATCA SOP guidelines
Wire transfer slip/ SWIFT/ proof of funds transfer
For Individual Investors:

A copy of CNIC or NICOP or passport
Proof of employment and source of funds (e.g. Iqama / Work Permit/employment certificate/salary slip/salary certificate etc.)
Copies of CNIC or Passport or NICOP in case of nominee(s) or joint applicant(s) (if any)
CRS-1 Form (for Individuals) Form of applicant as well as joint applicant(s) (if any)
FATCA (W9/W8) of applicant as well as joint applicant(s) (if any)
Zakat affidavit (CZ-50) optional

Operations Department
UBL Fund Managers Limited
4th floor, STSM Building,
Beaumont Road, Civil Lines, Karachi, Pakistan.

Process for existing investors making additional investments in UBL Funds’ Voluntary Pension Schemes:

Fill the “Contribution form” in case of investment in UBL & Al-Ameen Voluntary Pension Schemes (Retirement Savings Funds) ( Conventional | Islamic)
Transfer the investment amount in favor of “CDC Trustee UBL Retirement Saving Fund- URSF” (for conventional retirement plans), “CDC Trustee Al Ameen Islamic Retirement Saving Fund- AIRSF” (for Islamic retirement plans). The list of collection bank accounts and routing details can be found in Annexure ‘A’ of this document.
Email scanned copies of the package to customercare@ublfunds.com
Send the (physical) package with the following items to the address provided below”

Additional Investment Package items:	Address for sending Additional InvestmentPackage:
Filled and Signed “Additional contribution form” Wire transfer slip/ SWIFT/ proof of funds transfer	Operations Department UBL Fund Managers Limited 4th floor, STSM Building, Beaumont Road, Civil Lines, Karachi, Pakistan.

Important:
The currency conversion rate applied by the Bank for investments shall be of the day when the funds are received in Bank. Conversion and Exchange Rate risk shall be borne by the Investor (unit Holder).

Units’ allotment and issuance process at UBL Fund Managers Ltd

The units’ issuance process could take upto 2-4 business days after receipt of the complete and duly signed application forms, along with the required documents, subject to completion of KYC/AML requirements and transfer of funds along with proof.
For Backward Priced Funds, Net Asset Value (NAV) will be allocated and units issued upon receipt of application and realization of funds mechanisms, subject to Cut-off timings of 15:00 PST (Monday-Thursday) and 16:00 PST (Friday) on dealing days. For updated cut off timings please refer to our website.
For Forward Priced funds, Net Asset Value (NAV) will be allocated upon receipt of application within Cut-off time of 15:00 PST (Monday-Thursday) and 16:00 PST (Friday) on dealing days. Please refer to our website for any change in cut off timings.
Currency conversion for investments / redemptions will be done on the prevalent exchange rates when the formalities are completed as per the Bank’s process. There may be some processing charges applicable from time to time.
Once units’ issuance is complete, an account statement will be issued to the investor, reflecting the execution of investment and any revised unit holding.
Complimentary Takaful cover is offered in Administrative Investment Plans and Voluntary Pension Schemes (subject to Terms & Conditions as available on website)

Process for Redemption (Partial or Full) from Mutual Funds & Administrative Investment Plans:

Fill the “Redemption Form”(Conventional | Islamic )
Email the scanned copies of the package to customercare@ublfunds.com

Send the (physical) package with the following items to the address provided below:

Redemption Package items:	Address for sending Redemption Package:
- Filled and Signed Redemption Form*	Operations Department UBL Fund Managers Limited 4th floor, STSM Building, Beaumont Road, Civil Lines, Karachi, Pakistan.

You can also use our Online/web Portal or Smart Savings Mobile Application to issue instructions for redemption of Mutual Funds & Administrative Plans only (for VPS, physical forms will be required).

Important

Currency conversion for redemptions will be done on the prevalent exchange rates when the complete set of documents (including Form ‘M, Statement of Account, instructions from Trustee) are submitted to Bank’s branch in hard copy by the Trustee. If all the information/documentation is submitted before 10:00 AM the Authorized Dealer Bank will apply the exchange rate of the same day, however if transaction is received after 10:00 AM, the Authorized Dealer Bank would process the same on next business day and will apply next day’s exchange rate. The amount in Pakistani rupees will be converted into equivalent foreign currency and the foreign currency amount will be transferred via online transfer to investor’s bank account (net of taxes / charges) as mentioned in the “Account Opening Form” or changed subsequently.
Conversion and Exchange Rate risk shall be borne by the Investor (unit Holder).
The redemption process can take up to 6 business days after receipt of the complete and duly signed redemption form or online instructions.
Upon receipt of a duly signed and complete redemption form or through Online/web portal or Smart Savings Mobile App (except VPS), UBL Funds will redeem the units issued in the name of the investor at the applicable Redemption price subject to cut-off timings on dealing days.
For Backward Priced Funds, Net Asset Value (NAV) will be allocated and units redeemed upon receipt of application within the Cut-off timings of 15:00 PST (Monday-Thursday) and 16:00 PST (Friday) on dealing days, after deduction of any applicable exit charges, taxes and duties.
For Forward Priced Funds, Net Asset Value (NAV) will be allocated and units redeemed upon receipt of application within Cut-off time of 15:00 PST (Monday-Thursday) and Friday 16:00 PST (Friday) on dealing days), after deduction of any applicable exit charges, taxes and duties. (Please refer to our website for any change in cut off timings)
The payment transfer for redemptions may face delay due to non-fulfillment of KYC/AML requirements. There may be some processing charges applicable from time to time.
Once the redemption is processed successfully, an account statement will be issued to the investor, reflecting their revised unit holding.
For early withdrawal/retirement from Voluntary Pension Schemes, kindly contact our customer care team.

Annexure ‘A’

The payments will be made in favor of following collection accounts as applicable:

Account Title	SWIFT Code	Account Number	Bank
“CDC Trustee UBL Funds” (for Conventional Funds/Plans)	UNILPKKAXXX	0525-0030011-1	UNITED BANK LIMITED
“CDC Trustee Al Ameen Funds” (for Shariah Complaint Funds/Plans)	UNILPKKAXXX	0891-213765424	UNITED BANK LIMITED (AL-AMEEN)
“CDC Trustee UBL Retirement Saving Fund- URSF” (For Conventional Plans)	UNILPKKAXXX	0525-213659796	UNITED BANK LIMITED
“CDC Trustee Al Ameen Islamic Retirement Saving Fund- AIRSF” (For Shariah Complaint Plans)	UNILPKKAXXX	0525-213662303	UNITED BANK LIMITED

ROUTING INSTRUCTIONS:
Following are routing details for different Foreign Currencies for remittance.

Currency Symbols	Foreign Currency	Correspondent Bank	Nostro Accounts Details	SWIFT Code
USD	US Dollar	DEUTSCHE BANK TRUST COMPANY AMERICAS	4009133	BKTRUS33
EUR	Euro	DEUTSCHE BANK AG	50070010/95615800000	DEUTDEFF
GBP	Great Britain Pounds	JPMORGAN CHASE BANK, N.A.	41398946	CHASGB2L
AED	United Arab Emirates Dirham	UNITED BANK LTD.	116-0005-9	UNILAEAD
SAR	Saudi Riyal	RIYAD BANK	9250309609940	RIBLSARI

Contact Us

If you have any further queries regarding filing the application package feel free to contact our customer care department at below number:

International Dialers: +92-21-38892219

Or email us customercare@ublfunds.com or info@UBLFunds.com or visit our website at www.ublfunds.com.

Disclaimer

All investments in Mutual Funds are subject to market risk, applicable laws, rules & regulations, price risk, credit risk, exchange risk, credit default risk, events risk and interest rate risks. The returns/profits and principal may go up or down. Past performance is not necessarily indicative of future results. Please read the Offering document of relevant Fund/Plan to understand the investment policies and the risks involved.