IMSF Q4 2016 Factsheet.xlsx - Itqan Capital
Fact sheet - 31Dec 2016
NAV per unit SAR 11.1992
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 Fourth quarter of the year 2016, achieving an annualized return of 2.99% for the period. This adds to the Fund's stellar run and raises the Fund's total return since inception and accumulative alpha to 11.99% and 5.59% respectively. International fixed income markets had rather witnessed a great challenge in the fourth quarter of year 2016 as a result of the economic problems that had a direct impact on the market. The American Federal Reserve raised the interest rate which increased the concerns on the slowdown of the global economy. This is beside the allocation of funds towards securities denominated in US dollars. As a result of the reasons mentioned above, the fixed income markets in the region were under pressure during this quarter .
Fund Performance
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 of financial volatility and disturbances in the global economy.
Performance - Since August 2008 IMS Fund
Benchmark
Fund
Benchmark
2011
0.65%
0.25%
2012
0.82%
0.76%
2013
0.83%
0.78%
2014
1.78%
0.82%
2015
2.31%
0.72%
2016
2.99%
2.03%
Since Inception
11.99%
6.40%
Accumulative Alpha
5.59%
Asset Allocation
Alpha
Fund Objectives
< 1 m; 1- 3 m; 6% 7%
14.00%
12.00%
10.00%
1 yr.+; 59%
8.00% 6- 9 m; 0%
6.00%
3- 6 m; 27%
CASH 0% FUNDS 6%
4.00%
SAR 41%
MURABAHAT 34%
2.00%
0.00%
USD 48% 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 Oct-16 Dec-16
-2.00%
9m-1 yr.; 0%
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.
SUKUK 59%
Itqan Capital, authorized by CMA, license # 07058-37, PO Box 8021, Jeddah ,The Headquarters Business Park, Corniche Road, KSA. Tel. +966 12 510 6030, Fax. +966 12 510 6033, 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 fund's absolute performance or its performance relative to the index will repeat or match past performance.
BHD 11%
www.itqancapital.com A member of Al Baraka Banking Group
NAV per unit SAR 11.1992
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 Fourth quarter of the year 2016, achieving an annualized return of 2.99% for the period. This adds to the Fund's stellar run and raises the Fund's total return since inception and accumulative alpha to 11.99% and 5.59% respectively. International fixed income markets had rather witnessed a great challenge in the fourth quarter of year 2016 as a result of the economic problems that had a direct impact on the market. The American Federal Reserve raised the interest rate which increased the concerns on the slowdown of the global economy. This is beside the allocation of funds towards securities denominated in US dollars. As a result of the reasons mentioned above, the fixed income markets in the region were under pressure during this quarter .
Fund Performance
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 of financial volatility and disturbances in the global economy.
Performance - Since August 2008 IMS Fund
Benchmark
Fund
Benchmark
2011
0.65%
0.25%
2012
0.82%
0.76%
2013
0.83%
0.78%
2014
1.78%
0.82%
2015
2.31%
0.72%
2016
2.99%
2.03%
Since Inception
11.99%
6.40%
Accumulative Alpha
5.59%
Asset Allocation
Alpha
Fund Objectives
< 1 m; 1- 3 m; 6% 7%
14.00%
12.00%
10.00%
1 yr.+; 59%
8.00% 6- 9 m; 0%
6.00%
3- 6 m; 27%
CASH 0% FUNDS 6%
4.00%
SAR 41%
MURABAHAT 34%
2.00%
0.00%
USD 48% 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 Oct-16 Dec-16
-2.00%
9m-1 yr.; 0%
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.
SUKUK 59%
Itqan Capital, authorized by CMA, license # 07058-37, PO Box 8021, Jeddah ,The Headquarters Business Park, Corniche Road, KSA. Tel. +966 12 510 6030, Fax. +966 12 510 6033, 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 fund's absolute performance or its performance relative to the index will repeat or match past performance.
BHD 11%
www.itqancapital.com A member of Al Baraka Banking Group
