Fact sheet - 30 Sep 2016 NAV per unit SAR 11.1122 Itqan Capital ...
Fact sheet - 30 Sep 2016
NAV per unit SAR 11.1122
Key Facts Fund Manager
Itqan Capital
Fund Class
Capital Preservation
Currency
Saudi Riyal (SAR)
Fund Type
Open-ended Fund
Fund Category
Diversified Public Fund
Subscription
Every working day
Redemption
Thursday & Monday
Valuation Days
Sunday & Tuesday
Redemption Payment
Within 2 working days of next valuation day
Unit Value @ Inception
SAR 10
Commencement
4-Aug-2008
Benchmark
Three months SIBID
Risk Level
Low-Medium
Management Fee
0.25% annually of NAV
Admin & Unit Processing fee
0.15% annually of NAV
Other Fees
0.10% annually of NAV
External Auditor
Osama Abdullah Al-Kharigy & Partner
Bloomberg Ticker
ALDLIQS AB
Morningstar SecID
F00000PW83
Reuters Code
LP65135696
Zawya Code
TFGADLS.IF
Fund Manager Commentary Itqan Murabahat and Sukuk Fund continued to strongly outperform its mandated benchmark in the third quarter of the year 2016, achieving an annualized return of 2.92% for the period. This adds to the Fund's stellar run and raises the Fund's total return since inception and accumulative alpha to 11.12% and 5.31%.%,respectively International fixed income markets had rather witnessed a great challenge in the third quarter of year 2016 as a result of the economic problems that had a direct impact on the market. The two hot issues that remained in the limelight were the increasing fear of the level of commitment of the OPEC countries towards their agreement of cutting down their production. Moreover, the American Fedral Reserve did not increase the interest rate which increased the concerns on the slowdown of the global economy. However, the fixed income markets were not directly affected by those circumstances, especially due to the increase in witnessed in the oil prices in the Q3 of 2016. This would pave the road for the financial markets in the GCC countries to recover. As a result of the reasons mentioned above, the fixed income markets in the regoion were under pressure during this quarter due to the risk of
Fund Performance
iterest rate incraese. In this context, the Fund Manager remained highly selective and cautious in the overall Sukuk allocation as well as selection. Furthermore, the Fund Manager continued to deploy funds at competitive Murabaha rates with reputable financial institutions .This is to prevent any negative consequences that might arise in case if the American Fedral Reserve decided to raise the interest rates and to account for the continuation of financial volitality and disturbances in the global economy.
Benchmark
Benchmark
0.65%
0.25%
2012
0.82%
0.76%
2013
0.83%
0.78%
2014
1.78%
0.82%
2015
2.31%
0.72%
3 Q 2016
Performance - Since August 2008 IMS Fund
Fund 2011
Asset Allocation 1- 3 m, 0%
12.00%
3- 6 m, 6%
10.00%
6- 9 m, 24% 8.00% 1 yr.+, 66%
9m-1 yr., 0%
6.00%
1.47%
11.12%
5.81%
Accumulative Alpha
5.31%
Fund Objectives
< 1 m, 4%
Alpha
2.19%
Since Inception
Itqan Murabahat & Sukuk Fund (SAR) is a public diversified fund aimed at realizing Shariahcompliant superior returns while preserving capital participation, providing investors with the facility of redemption upon need and with the best method of risk management. In order to achieve its investment objectives, the Fund will primarily invest in a diversified portfolio of high-quality Shariah-compliant short- and medium-term investment instruments including: commodity Murabaha-based transactions, various kinds of listed Sukuk, and units of investment funds investing primarily in Murabahat transactions and/or Sukuk.
CASH 0% FUNDS 4%
4.00%
SAR 34%
MURABAHAT 30%
2.00%
-2.00%
Aug-08 Oct-08 Dec-08 Feb-09 Apr-09 Jun-09 Aug-09 Oct-09 Dec-09 Feb-10 Apr-10 Jun-10 Aug-10 Oct-10 Dec-10 Feb-11 Apr-11 Jun-11 Aug-11 Oct-11 Dec-11 Feb-12 Apr-12 Jun-12 Aug-12 Oct-12 Dec-12 Feb-13 Apr-13 Jun-13 Aug-13 Oct-13 Dec-13 Feb-14 Apr-14 Jun-14 Aug-14 Oct-14 Dec-14 Feb-15 Apr-15 Jun-15 Aug-15 Oct-15 Dec-15 Feb-16 Apr-16 Jun-16 Aug-16 Sep-16
0.00%
Itqan Capital, authorized by CMA, license # 07058-37, PO Box 8021, Jeddah , Elite Al Shatea, Al Malik Road, KSA. Tel. +966 12 234 7000, Fax. +966 12 234 7222, Toll Free 800 30 30 800 Disclaimer: Neither the past performance of the investment fund nor the past performance of the index is an indication of how the investment fund will perform in the future. There is no guarantee for unit holders that the investment
SUKUK 66%
USD 57%
www.itqancapital.com A member of Al Baraka Banking Group
BHD 10%
NAV per unit SAR 11.1122
Key Facts Fund Manager
Itqan Capital
Fund Class
Capital Preservation
Currency
Saudi Riyal (SAR)
Fund Type
Open-ended Fund
Fund Category
Diversified Public Fund
Subscription
Every working day
Redemption
Thursday & Monday
Valuation Days
Sunday & Tuesday
Redemption Payment
Within 2 working days of next valuation day
Unit Value @ Inception
SAR 10
Commencement
4-Aug-2008
Benchmark
Three months SIBID
Risk Level
Low-Medium
Management Fee
0.25% annually of NAV
Admin & Unit Processing fee
0.15% annually of NAV
Other Fees
0.10% annually of NAV
External Auditor
Osama Abdullah Al-Kharigy & Partner
Bloomberg Ticker
ALDLIQS AB
Morningstar SecID
F00000PW83
Reuters Code
LP65135696
Zawya Code
TFGADLS.IF
Fund Manager Commentary Itqan Murabahat and Sukuk Fund continued to strongly outperform its mandated benchmark in the third quarter of the year 2016, achieving an annualized return of 2.92% for the period. This adds to the Fund's stellar run and raises the Fund's total return since inception and accumulative alpha to 11.12% and 5.31%.%,respectively International fixed income markets had rather witnessed a great challenge in the third quarter of year 2016 as a result of the economic problems that had a direct impact on the market. The two hot issues that remained in the limelight were the increasing fear of the level of commitment of the OPEC countries towards their agreement of cutting down their production. Moreover, the American Fedral Reserve did not increase the interest rate which increased the concerns on the slowdown of the global economy. However, the fixed income markets were not directly affected by those circumstances, especially due to the increase in witnessed in the oil prices in the Q3 of 2016. This would pave the road for the financial markets in the GCC countries to recover. As a result of the reasons mentioned above, the fixed income markets in the regoion were under pressure during this quarter due to the risk of
Fund Performance
iterest rate incraese. In this context, the Fund Manager remained highly selective and cautious in the overall Sukuk allocation as well as selection. Furthermore, the Fund Manager continued to deploy funds at competitive Murabaha rates with reputable financial institutions .This is to prevent any negative consequences that might arise in case if the American Fedral Reserve decided to raise the interest rates and to account for the continuation of financial volitality and disturbances in the global economy.
Benchmark
Benchmark
0.65%
0.25%
2012
0.82%
0.76%
2013
0.83%
0.78%
2014
1.78%
0.82%
2015
2.31%
0.72%
3 Q 2016
Performance - Since August 2008 IMS Fund
Fund 2011
Asset Allocation 1- 3 m, 0%
12.00%
3- 6 m, 6%
10.00%
6- 9 m, 24% 8.00% 1 yr.+, 66%
9m-1 yr., 0%
6.00%
1.47%
11.12%
5.81%
Accumulative Alpha
5.31%
Fund Objectives
< 1 m, 4%
Alpha
2.19%
Since Inception
Itqan Murabahat & Sukuk Fund (SAR) is a public diversified fund aimed at realizing Shariahcompliant superior returns while preserving capital participation, providing investors with the facility of redemption upon need and with the best method of risk management. In order to achieve its investment objectives, the Fund will primarily invest in a diversified portfolio of high-quality Shariah-compliant short- and medium-term investment instruments including: commodity Murabaha-based transactions, various kinds of listed Sukuk, and units of investment funds investing primarily in Murabahat transactions and/or Sukuk.
CASH 0% FUNDS 4%
4.00%
SAR 34%
MURABAHAT 30%
2.00%
-2.00%
Aug-08 Oct-08 Dec-08 Feb-09 Apr-09 Jun-09 Aug-09 Oct-09 Dec-09 Feb-10 Apr-10 Jun-10 Aug-10 Oct-10 Dec-10 Feb-11 Apr-11 Jun-11 Aug-11 Oct-11 Dec-11 Feb-12 Apr-12 Jun-12 Aug-12 Oct-12 Dec-12 Feb-13 Apr-13 Jun-13 Aug-13 Oct-13 Dec-13 Feb-14 Apr-14 Jun-14 Aug-14 Oct-14 Dec-14 Feb-15 Apr-15 Jun-15 Aug-15 Oct-15 Dec-15 Feb-16 Apr-16 Jun-16 Aug-16 Sep-16
0.00%
Itqan Capital, authorized by CMA, license # 07058-37, PO Box 8021, Jeddah , Elite Al Shatea, Al Malik Road, KSA. Tel. +966 12 234 7000, Fax. +966 12 234 7222, Toll Free 800 30 30 800 Disclaimer: Neither the past performance of the investment fund nor the past performance of the index is an indication of how the investment fund will perform in the future. There is no guarantee for unit holders that the investment
SUKUK 66%
USD 57%
www.itqancapital.com A member of Al Baraka Banking Group
BHD 10%
