Equity Fund
Equity Fund
AL-THORAIYA EUROPEAN EQUITIES FUND Month Ending April 2018
PRICE INFORMATION (End of April 2018) Net Asset Value Per Unit USD 156.3247
Change (MoM) USD▲0.6328 Chg % 0.41
Total Fund Units 332,656
Total Net Assets USD 52,002,276.05
OBJECTIVE AND POLICY The Fund seeks to achieve its objectives through the acquisition, acquisition and sale of Shariah-compliant equities listed on European stock exchanges, as well as through investment in other funds and longer-term capital growth than the growth rate of the benchmark index. The risk rating in this fund is rated as high.
SECTOR BREAKDOWN (% Total Net Assets)
PERFORMANCE (CHART) 200
Pharmaceuticals Food Software Chemicals Retail Semiconductors Auto Parts & Equipment Mining Others Cash
180
2
160
22
140 120
36
100 80
15 3
4 4 4 5
60 40 20
5
0 Sep-99
Sep-02
Sep-05
Fund
Sep-08
Sep-11
Sep-14
Sep-17
Benchmark
PERFORMANCE (TABLE)
FEATURES Fund Type
Open Ended
Fund Domicile
Saudi Arabia
Fund Currency
US Dollar
Benchmark
Dow Jones Islamic European Market Index (DJIEU)
Minimum Subscription Value
2000
Minimum Additional Subscription Value
500
1 Year
3 Year
5 Year
10 Year
9
22
37
71
41.67
52.78
63.33
57.50
1 Month
3 Month
6 Month
QTD
YTD
Fund (Annualized)
0.41
-6.42
-1.25
0.41
-1.57
Benchmark (Annualized)
1.08
-5.44
0.43
1.08
-0.67
Annualized Returns (%)
1 Year
3 Year
5 Year
10 Year
Fund
7.99
2.56
4.91
1.27
Benchmark
9.59
2.95
4.36
1.15
Track Record Positive Performance (Months)
Minimum Redemption Value
500
Days of receiving application and redemptions
Sunday to Thursday, except public holidays of the Kingdom
Cut-off for receiving Applications and Redemptions
By 16:00 Sunday & Wednesday
Trading and Valuation Days
Monday and Thursday
Time to Payback the value of Redeemed Up to 4 Working days fund units to participants
Outperformance Against Benchmark (Months %) Short-term Return (%)
Subscription Fee
Up to 2.00%
STATISTICAL ANALYSIS (MONTHLY)
Fund Management Fee
1.50%
PERFORMANCE (Annualized)
1 Year
3 Years
5 Years
10 Years
Performance Fee
20% of outperformance of benchmark
Alpha (%)
-1.59
-0.39
0.55
0.12
Administration Fees
Maximum of 0.25%
Custodian Fees
0.08%
RISK (Annualized)
1 Year
3 Years
5 Years
10 Years
Initial Offerring Date
Aug-1999
Standard Deviation Fund (%)
8.88
11.79
11.53
19.91
Unit Price at Initial Offering
100
Standard Deviation BM (%)
8.56
11.70
11.50
19.05
Inception Date
Sep-1999
Downside Risk (SSD) (%)
6.07
8.59
8.41
15.21
Risk Level
High
Beta
1.03
1.00
0.99
1.04
REWARD TO RISK (Annualized)
1 Year
3 Years
5 Years
10 Years
Sharpe Ratio
0.70
0.12
0.35
0.10
Information Ratio
-1.24
-0.24
0.34
0.13
Tracking Error
0.01
0.02
0.02
0.02
STATISTICAL ANALYSIS Last 3 months Standard Deviation (%) 1.41
Q1 2018 1.50
Q2 2018 -
Q3 2018 -
Q4 2018 -
1.03
Sharpe Ratio
-0.02
-
-
-
0.08
-0.06
LTM
DISCLAIMER
“AlJazira Capital is a Saudi company registered under CR number 1010351313, authorized by Capital Market Authority with license number 37-07076 in the address P.O Box 20438 Riyadh 11455 KSA. This document was prepared using data & information gathered from reliable sources, without any kind of guarantees or assurance or responsibility on the validity & accuracy of the information. Historic performance do not necessarily indicate future performance, fund assets are subject to a variety of risks normally associated with this type of investment, and investing in this fund may not be measured as a deposit at a bank or at the fund manager; investor must be aware that unit prices may appreciate or depreciate at any time. And, no assurances that the investment strategy will be implemented successfully or that the goals be achieved; no guarantees can be provided to the investor with regard to redeeming the initial investment amount or returns on investment for that matter. You are advised to refer to the related terms and conditions and read them thoroughly, including the article regarding the risks of the fund and take a professional consultation before making a decision with regard to investing in the fund or not.”
FOR MORE INFORMATION CONTACT: ALJAZIRA CAPITAL PO Box: 20438, Riyadh 11455, Kingdom of Saudi Arabia, Telephone: +966 112256000 - www.aljaziracapital.com.sa CUSTODY DETAILS: The Northern Trust Co., Nakheel Tawer, 11 floors, King Fahad Road, Riyadh, Kingdom of Saudi Arabia
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AL-THORAIYA EUROPEAN EQUITIES FUND Month Ending April 2018
PRICE INFORMATION (End of April 2018) Net Asset Value Per Unit USD 156.3247
Change (MoM) USD▲0.6328 Chg % 0.41
Total Fund Units 332,656
Total Net Assets USD 52,002,276.05
OBJECTIVE AND POLICY The Fund seeks to achieve its objectives through the acquisition, acquisition and sale of Shariah-compliant equities listed on European stock exchanges, as well as through investment in other funds and longer-term capital growth than the growth rate of the benchmark index. The risk rating in this fund is rated as high.
SECTOR BREAKDOWN (% Total Net Assets)
PERFORMANCE (CHART) 200
Pharmaceuticals Food Software Chemicals Retail Semiconductors Auto Parts & Equipment Mining Others Cash
180
2
160
22
140 120
36
100 80
15 3
4 4 4 5
60 40 20
5
0 Sep-99
Sep-02
Sep-05
Fund
Sep-08
Sep-11
Sep-14
Sep-17
Benchmark
PERFORMANCE (TABLE)
FEATURES Fund Type
Open Ended
Fund Domicile
Saudi Arabia
Fund Currency
US Dollar
Benchmark
Dow Jones Islamic European Market Index (DJIEU)
Minimum Subscription Value
2000
Minimum Additional Subscription Value
500
1 Year
3 Year
5 Year
10 Year
9
22
37
71
41.67
52.78
63.33
57.50
1 Month
3 Month
6 Month
QTD
YTD
Fund (Annualized)
0.41
-6.42
-1.25
0.41
-1.57
Benchmark (Annualized)
1.08
-5.44
0.43
1.08
-0.67
Annualized Returns (%)
1 Year
3 Year
5 Year
10 Year
Fund
7.99
2.56
4.91
1.27
Benchmark
9.59
2.95
4.36
1.15
Track Record Positive Performance (Months)
Minimum Redemption Value
500
Days of receiving application and redemptions
Sunday to Thursday, except public holidays of the Kingdom
Cut-off for receiving Applications and Redemptions
By 16:00 Sunday & Wednesday
Trading and Valuation Days
Monday and Thursday
Time to Payback the value of Redeemed Up to 4 Working days fund units to participants
Outperformance Against Benchmark (Months %) Short-term Return (%)
Subscription Fee
Up to 2.00%
STATISTICAL ANALYSIS (MONTHLY)
Fund Management Fee
1.50%
PERFORMANCE (Annualized)
1 Year
3 Years
5 Years
10 Years
Performance Fee
20% of outperformance of benchmark
Alpha (%)
-1.59
-0.39
0.55
0.12
Administration Fees
Maximum of 0.25%
Custodian Fees
0.08%
RISK (Annualized)
1 Year
3 Years
5 Years
10 Years
Initial Offerring Date
Aug-1999
Standard Deviation Fund (%)
8.88
11.79
11.53
19.91
Unit Price at Initial Offering
100
Standard Deviation BM (%)
8.56
11.70
11.50
19.05
Inception Date
Sep-1999
Downside Risk (SSD) (%)
6.07
8.59
8.41
15.21
Risk Level
High
Beta
1.03
1.00
0.99
1.04
REWARD TO RISK (Annualized)
1 Year
3 Years
5 Years
10 Years
Sharpe Ratio
0.70
0.12
0.35
0.10
Information Ratio
-1.24
-0.24
0.34
0.13
Tracking Error
0.01
0.02
0.02
0.02
STATISTICAL ANALYSIS Last 3 months Standard Deviation (%) 1.41
Q1 2018 1.50
Q2 2018 -
Q3 2018 -
Q4 2018 -
1.03
Sharpe Ratio
-0.02
-
-
-
0.08
-0.06
LTM
DISCLAIMER
“AlJazira Capital is a Saudi company registered under CR number 1010351313, authorized by Capital Market Authority with license number 37-07076 in the address P.O Box 20438 Riyadh 11455 KSA. This document was prepared using data & information gathered from reliable sources, without any kind of guarantees or assurance or responsibility on the validity & accuracy of the information. Historic performance do not necessarily indicate future performance, fund assets are subject to a variety of risks normally associated with this type of investment, and investing in this fund may not be measured as a deposit at a bank or at the fund manager; investor must be aware that unit prices may appreciate or depreciate at any time. And, no assurances that the investment strategy will be implemented successfully or that the goals be achieved; no guarantees can be provided to the investor with regard to redeeming the initial investment amount or returns on investment for that matter. You are advised to refer to the related terms and conditions and read them thoroughly, including the article regarding the risks of the fund and take a professional consultation before making a decision with regard to investing in the fund or not.”
FOR MORE INFORMATION CONTACT: ALJAZIRA CAPITAL PO Box: 20438, Riyadh 11455, Kingdom of Saudi Arabia, Telephone: +966 112256000 - www.aljaziracapital.com.sa CUSTODY DETAILS: The Northern Trust Co., Nakheel Tawer, 11 floors, King Fahad Road, Riyadh, Kingdom of Saudi Arabia
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