KARACHI United Stock Advantage Fund (USF), an open-end stock fund managed by UBL Fund Managers, has been awarded with an MFR 5-Star Ranking for a 1-year period ended June 30, 2011. The ranking has been awarded by JCR-VIS Credit Rating Company, says a press release. An MFR 5-Star Ranking denotes Very Good Performance given by the scheme over a period of 1-year, categorizing United Stock Advantage Fund (USF) in the top 10% performance tier amongst all equity schemes in the country. The 1-year return given by the scheme to its investors for FY 2010-11 was 35.58%. During the same period, the benchmark of the scheme, gave a return of 27.40%. UBL Fund Managers is currently managing assets of over Rs. 31.6 billion (as of Oct. 18th 2011) on behalf of its investors, and enjoys a High Management Quality Rating of AM2 by JCR-VIS Credit Rating Company.