Baitk IPO Fund Saudi Kuwaiti Finance House
Baitk IPO Fund First Interim - 2015 Report
Saudi Kuwaiti Finance House NAV: SAR 424,754,053
YTD: 25.3 %
Investment Strategy
Unit Price:SAR 12.1803
Asset Class: Open-Ended
The fund primarily invests in IPOs and newly listed companies' shares, during the first three years of their listing on the Saudi stock Market that are compatible with Shariah standards , aiming for long term capital growth.
Inception: 15-06-2014 Fund Manager: Saudi Kuwaiti Finance House
Fund Objective
Fund Classification: Growth
The fund aims to achieve long term capital growth by investing in Shariah-compliant Saudi Companies IPOs, Rights issues and investment in newly listed securities during the first 3 years of listing on the exchange market.
Fund Benchmark: SKFH S&P IPO INDEX
Statistics Analysis
Fund Currency: Saudi Riyal
Performance Q1
Q2
Since Inception
1.08%
1.46%
1.09%
(Annualized) Fund Average Return
Fund Annual Return
3.11%
1.30%
8.01%
..31%
00.09%
Fund Sharpe Ratio
1.00
1.41
1..16
Assets & Liabilities December 2013
Total Liabilities Total Equity Net Income
Price Since Inception: SAR 10.00 Min. Subscription
01,111.11 Min. Redemption
01,111.11
Subscription Fee
% 0.11
Redemption Fee
%1.11
Management Fee
%0..1
Performance Fee
% 1.11
Management Fee type
Per annum
Custodian Fee
% 1.01
0..9%
Fund Standard deviation
Total Assets
Fund Category: Equity
December 2014
1
036,111,010
1
0,019,080
1
031,340,1.1
1
(6,031,108)
Comment Baitk IPO fund has ranked second, on YTD basis, among the mutual funds listed on Saudi Stock Market , with YTD reaching 01.31% by end of the first interim 0101. The fund invests most of its assets in IPOs and newly listed companies’ shares. The Sharpe ratio is 1.41 with annual return of 1.30% through the first interim of 0101 compared to 3.11% in Q0. The Fund’s Standard Deviation was ..31% compared to 8.01% in Q0, thereby implying a lower risk level.
Portfolio Composition Sector allocation
Sector Breakdown
Percentage
Hotels
%34
Retail
%30
Agriculture
%03
Construction & Real Estate
%01
Cement
%9
Industrial Investement
%3
Fund Return Period
Fund Return Fund Return
3 Months
%01.11
6 Months
%00.88
YTD
%00.88
year0
%00.41
Since Inception
%00.81
Performance
The Fund’s YTD reached 00.88% on 31-60101 compared to a YTD of 4.6% on30-30101, thereby indicating an increase of 08.08% in Q0.
The Risk Level in this fund is high.
Price Fluctuations -first interim 2015
0
Saudi Kuwaiti Finance House NAV: SAR 424,754,053
YTD: 25.3 %
Investment Strategy
Unit Price:SAR 12.1803
Asset Class: Open-Ended
The fund primarily invests in IPOs and newly listed companies' shares, during the first three years of their listing on the Saudi stock Market that are compatible with Shariah standards , aiming for long term capital growth.
Inception: 15-06-2014 Fund Manager: Saudi Kuwaiti Finance House
Fund Objective
Fund Classification: Growth
The fund aims to achieve long term capital growth by investing in Shariah-compliant Saudi Companies IPOs, Rights issues and investment in newly listed securities during the first 3 years of listing on the exchange market.
Fund Benchmark: SKFH S&P IPO INDEX
Statistics Analysis
Fund Currency: Saudi Riyal
Performance Q1
Q2
Since Inception
1.08%
1.46%
1.09%
(Annualized) Fund Average Return
Fund Annual Return
3.11%
1.30%
8.01%
..31%
00.09%
Fund Sharpe Ratio
1.00
1.41
1..16
Assets & Liabilities December 2013
Total Liabilities Total Equity Net Income
Price Since Inception: SAR 10.00 Min. Subscription
01,111.11 Min. Redemption
01,111.11
Subscription Fee
% 0.11
Redemption Fee
%1.11
Management Fee
%0..1
Performance Fee
% 1.11
Management Fee type
Per annum
Custodian Fee
% 1.01
0..9%
Fund Standard deviation
Total Assets
Fund Category: Equity
December 2014
1
036,111,010
1
0,019,080
1
031,340,1.1
1
(6,031,108)
Comment Baitk IPO fund has ranked second, on YTD basis, among the mutual funds listed on Saudi Stock Market , with YTD reaching 01.31% by end of the first interim 0101. The fund invests most of its assets in IPOs and newly listed companies’ shares. The Sharpe ratio is 1.41 with annual return of 1.30% through the first interim of 0101 compared to 3.11% in Q0. The Fund’s Standard Deviation was ..31% compared to 8.01% in Q0, thereby implying a lower risk level.
Portfolio Composition Sector allocation
Sector Breakdown
Percentage
Hotels
%34
Retail
%30
Agriculture
%03
Construction & Real Estate
%01
Cement
%9
Industrial Investement
%3
Fund Return Period
Fund Return Fund Return
3 Months
%01.11
6 Months
%00.88
YTD
%00.88
year0
%00.41
Since Inception
%00.81
Performance
The Fund’s YTD reached 00.88% on 31-60101 compared to a YTD of 4.6% on30-30101, thereby indicating an increase of 08.08% in Q0.
The Risk Level in this fund is high.
Price Fluctuations -first interim 2015
0
