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National Investment Fund of the Republic of Uzbekistan (UzNIF)

As of 18/06/2026

Share Price

UZS5.65

 
 

NAV

UZS5.81

 

Overview

Investment Overview

The National Investment Fund of the Republic of Uzbekistan (“UzNIF”) provides investors with exposure to a diversified portfolio of minority equity stakes in key Uzbek companies operating across core sectors of the Uzbek economy. UzNIF seeks to capture long-term value creation potential through active ownership, improved governance, operational efficiency and disciplined capital allocation, including potential value realization from future market listings or other suitable exit strategies for its portfolio companies. Managed by Franklin Templeton as its Trustee, UzNIF is a dedicated vehicle that provides exposure to Uzbekistan’s structural growth and ongoing economic development, supported by professional portfolio oversight and a focus on long-term shareholder value creation. UzNIF may borrow up to 15% of its net assets.

Fund Information
Total Net Assets  As of 30/04/2026 (Updated Monthly)
UZS29,351.30 Billion
Shares Outstanding  As of 30/04/2026 (Updated Monthly)
5,054,260,000,000
Fund Inception Date 
01/05/2025
Base Currency for Fund 
UZS
Asset Class 
Equity
Domicile 
Uzbekistan
Charges
Total Expense Ratio  As of 31/05/2026
0.59%
Ongoing Charges Figure  As of 31/05/2026
0.59%
Identifiers
ISIN Code 
UZ7058980010
Bloomberg Code 
UZNF ZU
Ticker 
UZNF

Fund Managers

Marius Dan

Managed Fund Since 2025

Portfolio

Portfolio Holdings

Top Ten Holdings

As of 30/04/2026 Updated Monthly

Chart

Bar chart with 10 bars.
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying values. Data ranges from 2.06 to 16.54.
End of interactive chart.
Fund
JSC "Uzbekistan Airways" 16.54%
JSC "Uzbekhydroenergo" 16.03%
JSC "Uzbektelecom" 15.20%
JSC "Temiryulinfrotuzilma" (Railway Infrastructure) 14.89%
JSCB "SQB" 13.44%
JSC "Uzbekistan National Power Networks" 6.35%
JSC "Hududgazta'minot" (Regional Gas Supply) 6.20%
JSC "Uzbek Commodity Exchange" 3.51%
JSC "Thermal Power Plants" 3.08%
JSC "Regional Electric Networks" 2.06%