Alinma IPO Fund
Alinma IPO Fund Approved by Alinma Sharia Board
2nd Quarter 2017
C. R. No. 1010269764 | CMA License No. 09134 - 37
Fund's Objectives & Strategy
Quarterly Disclosure Details
The Fund aims to achieve long-term capital appreciation attained by investing mainly in Shariah-Compliant Initial Public Offerings of Saudi Companies, Right Issues and Rump Offering as well as ShariahComplaint Saudi Companies that have been listed in the Saudi Stock Exchange for 3 years or less. The Fund may also invest in shariah compliant funds with similar objectives.
* Total Fees & Charges for the Quarter
SAR 673,887.21
0.29%
SAR 0.00
0.00%
SAR 0.00
0.00%
SAR 65,413.6
0.04%
* Profit Percentage Distributed * Fund Manager's Investment Amount & Percentage * Dealing Expenses Amount & Percentage * Risk Standards & Index
Standard Deviation
* Performance Standards & Index
Sharpe Ratio
* Percentage of Borrowings to the NAV Fund's Information
0.00%
Performance & Risk Parameters
Fund Type
Open-ended Fund
120
Risk Level
High
100
Fund Manager
Alinma Investment Company
80
Fund Listing
Saudi Arabia
60
Launch Date
May 17, 2015
40
Benchmark
Alinma Saudi IPO Equities Islamic Index by IR
20
Inception Price (SAR)
10.00
Unit Price (SAR)
9.39
AUM (SAR)
180,689,005.76
Base Currency
Saudi Riyal
Initial Investment (SAR)
5,000 individual/20,000 institution
Subsequent Investment (SAR)
Minimum of 1,000 individual/10,000 institution
Subscription & Redemption
Monday and Wednsday of every week
Subscription Fees
1.5% of subscribed amount
Management Fees
1% per annum
Redemption Fees
1.5% if exit before 30 days
Sharia Board
Yes
Bloomberg Code
ALINIPO AB EQUITY
Fund
Fund BM Gap ++
* SD: Standard Deviation
* SI: Since Inception
* Avg R: Average Return
* BM: Benchmark
BM
3Y N/A N/A N/A
5Y #N/A #N/A #N/A 2015++ -4.52% -34.68% 30.16%
10Y N/A N/A N/A
SI -6.09% -49.60% 43.51% 2014 N/A N/A N/A
Launch date was 17th May 2015, partial performance for the year
Avrg R Fund -2.92% BM -27.57%
Abbreviations * YTD: Year To Date
Fund BM Gap
3M YTD -1.79% -6.26% -2.64% -10.54% 0.85% 4.27% 2016 4.92% -13.75% 18.67% SD 11.66% 21.96%
Sharpe* -0.42 -1.34
Alpha** 5.78%
Beta** 0.36
Correlation**
0.68
* Risk-Free interest rate is taken to be the Saudi Interbank Average 12M ** relative to benchmark
Asset Class Distribution
Note: Statistics are based on Inception Date
Latest IPOs Listed
Code
9.8% 19.3% Cash Equity Funds Murabaha
Listing Dt
IPO Pr
Closing Pr
Perform
4320
Alandalus
Stock
RE Dev.
Sector
12-Jan-16
18.00
22.80
26.67%
4009
MEAHCO
Retail
29-Mar-16
64.00
75.30
17.66%
1304
22-May-16 Alyamamah Steel Building & Construction
39.60
26.52
-33.03%
4011
LAZURDE
Retail
29-Jun-16
37.00
22.72
-38.59%
4332
Jadwa REIT REITs
30-Apr-17
10.00
11.93
19.30%
Sukuk 70.9%
Top 10 Equity Holdings at the beginning of the Quarter
Equity Sector Allocation
Stock
Code
0%
10%
20%
30%
40%
Health Care Equipment & Svc Sector Materials Sector Real Estate Mgmt & Dev't Sector Banks Sector Commercial & Professional Svc Sector Diversified Financials Sector Food & Beverages Sector Insurance Sector Pharma, Biotech & Life Science Sector Telecommunication Services Sector
50%
60%
70%
80%
90%
Transportation Sector Consumer Services Sector Retailing Sector Capital Goods Sector Consumer Durables & Apparel Sector Energy Sector Food & Staples Retailing Sector Media Sector REITs Sector Utilities Sector
100%
Sector
% NAV
4009
Saudi German Hosptl
HealthCare Equipment & Svc
14.8%
4031
SGS
Transportation
14.0%
4007
Al Hammadi
HealthCare Equipment & Svc
12.3%
1820
Al Hokair Group
Consumer Services
10.7%
3005
UACC
Materials
7.9%
4320
ALANDALUS
Real Estate Mgmt & Dev't
5.4%
4008
SACO
Retailing
1.1%
1202
MEPCO
Materials
0.1%
Disclaimer This material is produced by Alinma Investment Company, a firm authorized and regulated by the Capital Market Authority of Kingdom of Saudi Arabia. Past performance is not a guide to future returns. All the information contained in this document is believed to be reliable but may be inaccurate or incomplete. A full explanation of the characteristics of the investment is given in the prospectus. Any opinions stated are honestly held but are not guaranteed. The outlook expressed in this fact sheet represents the views of the fund manager at the time of preparation and are not necessarily those of the Alinma Investment as a whole. They may be subject to change and should not be interpreted as investment advice. The document is meant for financial promotion and does not provide you with all the facts you need to make an informed decision about investing and hence is not intended to constitute investment advice. The information provided should not be considered as a recommendation or solicitation to purchase, sell or hold these securities. It should also not be assumed that any investment in these securities was or will be, profitable .Alinma Investment accepts no liability for any loss arising from the use of this document or its contents or otherwise arising in connection therewith. Alinma Investment shall have no responsibility or liability whatsoever in respect of any inaccuracy in or omission from this or any other document prepared by Alinma Investment for, or sent by Alinma Investment to any person and any such person shall be responsible for conducting his own investigation and analysis of the information contained or referred to in this document and of evaluating the merits and risks involved in the securities forming the subject matter of this or other such document.
Head Office اإلدارة العامة P. O. Box 66333 . ب.ص
Riyadh 11576 الرياض KSA المملكة العربية السعودية Tel +966 (11) 218 5999 هاتف Fax +966 (11) 218 5970 فاكس www.alinmainvestment.com
2nd Quarter 2017
C. R. No. 1010269764 | CMA License No. 09134 - 37
Fund's Objectives & Strategy
Quarterly Disclosure Details
The Fund aims to achieve long-term capital appreciation attained by investing mainly in Shariah-Compliant Initial Public Offerings of Saudi Companies, Right Issues and Rump Offering as well as ShariahComplaint Saudi Companies that have been listed in the Saudi Stock Exchange for 3 years or less. The Fund may also invest in shariah compliant funds with similar objectives.
* Total Fees & Charges for the Quarter
SAR 673,887.21
0.29%
SAR 0.00
0.00%
SAR 0.00
0.00%
SAR 65,413.6
0.04%
* Profit Percentage Distributed * Fund Manager's Investment Amount & Percentage * Dealing Expenses Amount & Percentage * Risk Standards & Index
Standard Deviation
* Performance Standards & Index
Sharpe Ratio
* Percentage of Borrowings to the NAV Fund's Information
0.00%
Performance & Risk Parameters
Fund Type
Open-ended Fund
120
Risk Level
High
100
Fund Manager
Alinma Investment Company
80
Fund Listing
Saudi Arabia
60
Launch Date
May 17, 2015
40
Benchmark
Alinma Saudi IPO Equities Islamic Index by IR
20
Inception Price (SAR)
10.00
Unit Price (SAR)
9.39
AUM (SAR)
180,689,005.76
Base Currency
Saudi Riyal
Initial Investment (SAR)
5,000 individual/20,000 institution
Subsequent Investment (SAR)
Minimum of 1,000 individual/10,000 institution
Subscription & Redemption
Monday and Wednsday of every week
Subscription Fees
1.5% of subscribed amount
Management Fees
1% per annum
Redemption Fees
1.5% if exit before 30 days
Sharia Board
Yes
Bloomberg Code
ALINIPO AB EQUITY
Fund
Fund BM Gap ++
* SD: Standard Deviation
* SI: Since Inception
* Avg R: Average Return
* BM: Benchmark
BM
3Y N/A N/A N/A
5Y #N/A #N/A #N/A 2015++ -4.52% -34.68% 30.16%
10Y N/A N/A N/A
SI -6.09% -49.60% 43.51% 2014 N/A N/A N/A
Launch date was 17th May 2015, partial performance for the year
Avrg R Fund -2.92% BM -27.57%
Abbreviations * YTD: Year To Date
Fund BM Gap
3M YTD -1.79% -6.26% -2.64% -10.54% 0.85% 4.27% 2016 4.92% -13.75% 18.67% SD 11.66% 21.96%
Sharpe* -0.42 -1.34
Alpha** 5.78%
Beta** 0.36
Correlation**
0.68
* Risk-Free interest rate is taken to be the Saudi Interbank Average 12M ** relative to benchmark
Asset Class Distribution
Note: Statistics are based on Inception Date
Latest IPOs Listed
Code
9.8% 19.3% Cash Equity Funds Murabaha
Listing Dt
IPO Pr
Closing Pr
Perform
4320
Alandalus
Stock
RE Dev.
Sector
12-Jan-16
18.00
22.80
26.67%
4009
MEAHCO
Retail
29-Mar-16
64.00
75.30
17.66%
1304
22-May-16 Alyamamah Steel Building & Construction
39.60
26.52
-33.03%
4011
LAZURDE
Retail
29-Jun-16
37.00
22.72
-38.59%
4332
Jadwa REIT REITs
30-Apr-17
10.00
11.93
19.30%
Sukuk 70.9%
Top 10 Equity Holdings at the beginning of the Quarter
Equity Sector Allocation
Stock
Code
0%
10%
20%
30%
40%
Health Care Equipment & Svc Sector Materials Sector Real Estate Mgmt & Dev't Sector Banks Sector Commercial & Professional Svc Sector Diversified Financials Sector Food & Beverages Sector Insurance Sector Pharma, Biotech & Life Science Sector Telecommunication Services Sector
50%
60%
70%
80%
90%
Transportation Sector Consumer Services Sector Retailing Sector Capital Goods Sector Consumer Durables & Apparel Sector Energy Sector Food & Staples Retailing Sector Media Sector REITs Sector Utilities Sector
100%
Sector
% NAV
4009
Saudi German Hosptl
HealthCare Equipment & Svc
14.8%
4031
SGS
Transportation
14.0%
4007
Al Hammadi
HealthCare Equipment & Svc
12.3%
1820
Al Hokair Group
Consumer Services
10.7%
3005
UACC
Materials
7.9%
4320
ALANDALUS
Real Estate Mgmt & Dev't
5.4%
4008
SACO
Retailing
1.1%
1202
MEPCO
Materials
0.1%
Disclaimer This material is produced by Alinma Investment Company, a firm authorized and regulated by the Capital Market Authority of Kingdom of Saudi Arabia. Past performance is not a guide to future returns. All the information contained in this document is believed to be reliable but may be inaccurate or incomplete. A full explanation of the characteristics of the investment is given in the prospectus. Any opinions stated are honestly held but are not guaranteed. The outlook expressed in this fact sheet represents the views of the fund manager at the time of preparation and are not necessarily those of the Alinma Investment as a whole. They may be subject to change and should not be interpreted as investment advice. The document is meant for financial promotion and does not provide you with all the facts you need to make an informed decision about investing and hence is not intended to constitute investment advice. The information provided should not be considered as a recommendation or solicitation to purchase, sell or hold these securities. It should also not be assumed that any investment in these securities was or will be, profitable .Alinma Investment accepts no liability for any loss arising from the use of this document or its contents or otherwise arising in connection therewith. Alinma Investment shall have no responsibility or liability whatsoever in respect of any inaccuracy in or omission from this or any other document prepared by Alinma Investment for, or sent by Alinma Investment to any person and any such person shall be responsible for conducting his own investigation and analysis of the information contained or referred to in this document and of evaluating the merits and risks involved in the securities forming the subject matter of this or other such document.
Head Office اإلدارة العامة P. O. Box 66333 . ب.ص
Riyadh 11576 الرياض KSA المملكة العربية السعودية Tel +966 (11) 218 5999 هاتف Fax +966 (11) 218 5970 فاكس www.alinmainvestment.com
