Home > Mutual Funds > Equity > Exchange Traded Fund

HBL Total Treasury Exchange Traded Fund

71 /100

Score Breakdown

Return (30%) 7.5

Risk Ctrl (30%) 30.0

Consistency (15%) 15.0

Cost Eff (15%) 12.5

Yield (10%) 10.0

Total AUM

Rs. 522M

Expense Ratio

0.67%

Category Rank

#7 of 8

✨ AI Analyst Thesis

⚖️ Neutral

Live NAV

Rs. 105.8400

0.00% 1D ▼ 5.55% YTD

Data As Of:
July 01, 2026

Interactive Performance

Growth of Rs.

Log Scale Payouts

Executive Summary

Institutional health checks and AI strategy overview.

Overall Score

71 / 100

Score Calculation Breakdown

Metric (Weight) Pts

Return (30%)

7.5

Risk Ctrl (30%)

30.0

Consistency (15%)

15.0

Cost Eff (15%)

12.5

Yield (10%)

10.0

Total Score 71.2

*Score is calculated using a weighted average of the fund's percentile rankings against peers.

Fund DNA X-Ray

How DNA is Scored

Return: 1-Year trailing return percentile vs category peers.
Risk Ctrl: Inverted volatility percentile. A higher score means it is safer than peers.
Consistency: % of positive returning months over 3 years.
Cost Eff: Expense ratio percentile. A higher score means it is cheaper than peers.
Yield: 7-Day annualized yield percentile.

*All dimensions map from 0 to 100. A larger, more balanced shape indicates a superior all-weather fund.

Hover chart to view raw metrics.

Health Checks

Clean Portfolio: Zero non-compliant or provisioned assets detected.
Underperforming: 1Y Return (-5.55%) trails the category median (-1.57%).
Volatile Path: Only 4 out of 36 months (11%) were positive over the last 3 years.
Cost Effective: Expense ratio (0.67%) is below the category median (0.88%).

AI Strategy X-Ray

The HBL Total Treasury ETF delivered a strong monthly return of 11.78%, outperforming its benchmark by 139 basis points, and posted a year‑to‑date gain of 11.78% versus 10.39% for the CB Total Treasury Index. Over the longer horizon, the fund’s 1‑year and 3‑year annualized returns of 9.80% and 18.22% continue to exceed the benchmark’s 9.28% and 12.54%, reflecting efficient tracking and a low‑duration government securities focus. This performance unfolded amid headline inflation of 9.2% YoY and a steady SBP policy rate of 11.5%, which kept short‑term yields attractive. Improving private‑sector credit and a strengthening external position further supported demand for sovereign paper, allowing the fund to capture the high‑yield environment while maintaining low volatility.

Key Manager Actions

We observed no material shifts in the fund’s composition during July; the allocation to J‑Bills remained virtually unchanged at 98.82%, while cash holdings rose slightly from 0.68% to 1.11%. This stability reflects the manager’s commitment to tight index replication rather than active tactical bets.
The fund’s yield to maturity stood at 11.51%, translating into double‑digit annualized returns that consistently outpaced the benchmark by a modest tracking error. The outperformance is driven by efficient replication and the fund’s ability to capture the high short‑term yields prevailing in the money market.
Looking ahead, the SBP’s expected pause on rate cuts amid persistent inflation should keep short‑term yields elevated, supporting steady income for the ETF. However, any unexpected monetary easing or a sharp decline in inflation could reduce yields, prompting the manager to maintain a low‑duration stance to mitigate reinvestment risk.

Performance vs. Peers

Trailing absolute returns and consistency analysis.

Sleep Well Metric

Trailing Returns vs Benchmark

Top Tier Alternatives

Algorithmic recommendations based on Master Score and Category performance.

Portfolio X-Ray

Behavioral analysis, historical allocations, and conviction tracking.

AI Reading the Tea Leaves

The Asset River (12M History)

Market Timing Visualizer

Concentration Style

Top 10 Holdings Weight: --%

Broad/Index Aggressive Focus

Manager's Playbook (1M Delta)

Holdings DNA

Click a holding to view history

Risk & Quant Desk

Institutional engine diagnostics, crash testing, and momentum analysis.

The Magic Quadrant (Risk vs Return)

Plots the fund (Orange) against all peers (Gray) over a 1Y period. The dashed crosshairs represent the category average. The top-left quadrant represents high returns with low volatility.

AI Analyst Note

Engine Diagnostics

Internal structural metrics unique to this fund's macro class (Equity vs Debt).

Market Capture

Measures the fund's performance in bull (Up) vs bear (Down) markets. A ratio > 100% on the green side means it outpaces the market when it rises.

Trend & Momentum

RSI measures short-term momentum (overbought/oversold). SMA (Simple Moving Average) tracks medium-to-long term trends.

Yield & Income Stream

Payout reliability, capital preservation, and cashflow simulation.

Current Income Profile

Evaluates annualized yield vs category peers and checks if the underlying NAV is preserving its value while paying out.

Annualized Yield (7D)

--%

--

Income Health Checks

The "Truth" Chart: NAV vs Payouts

Shows historical dividend payouts alongside the fund's NAV. Beware of "Yield Traps" where the fund pays high dividends but the NAV line steadily bleeds downward over time.

Payout Consistency (3 Years)

Green = Payout Issued

--

Passive Income Simulator

If I Invest Today (PKR)

Estimated Monthly

Rs. 0

Estimated Yearly

Rs. 0

Based on current annualized 7D yield. Not guaranteed. Assumes constant rate.

Audit & Governance Desk

Fee drag simulation, operational security, and historical FMR vault.

The "Fee Drag" Wealth Simulator

Projects the impact of the fund's Expense Ratio on a Rs. 1,000,000 investment over 10 years, assuming a baseline 15% gross market return. The red area is wealth permanently lost to management fees.

Expense Ratio

--%

Front/Back Loads

--

10Y Wealth Lost to Fees

--

Total Assets Under Mgt

Rs. --

Million

--

Category Scale

Compares this fund's size against all other funds in the same category to gauge liquidity and popularity.

Category High Rs. --M

Category Avg Rs. --M

Category Low Rs. --M

Fund Manager

--

Independent Trustee

--

Holds the physical assets. Prevents the AMC from absconding with funds.

Auditor

--

Verifies NAV math and prevents internal accounting fraud.

Pricing Mechanism

--

Forward pricing executes your trade at the next calculated EOD price.

The Manager's Dossier

Leadership track record, portfolio empire, and turnover risk.

The FMR Time Machine

Historical Vault

Select a Report

Browse the timeline to view historical PDFs and AI Insights.

The Ultimate Portfolio Tracker

Stop Flying Blind.
Track Like An Institution.

You just researched the market's best. Now apply this exact same AI, state-of-the-art research, and tax intelligence directly to your own net worth.

Unlock The Free Terminal

No Credit Card Required • Free Forever for Retail

Risk Management

Tracks portfolio beta against the KSE-100, maps asset correlation, and alerts you to systemic volatility exposure instantly.

AI Tax Dashboard

Automated tax harvesting, CGT calculation, and Section 62 rebate optimization.

Universal Tracking

One unified dashboard for Stocks, Mutual Funds, Gold, and Cash accounts.

Institutional Analytics

Deep trade analysis, portfolio benchmarking, and real-time AI Risk alerts.

Platform in Public Beta