Money Market Fund
Money Market Fund
AL-QAWAFEL FOR COMMODITIES TRADING FUND Month Ending February 2018
PRICE INFORMATION (End of February 2018) Net Asset Value Per Unit SAR 140.9248
Change (MoM) SAR▲0.1901 Chg % 0.14
Total Fund Units 25,474,025
Total Net Assets SAR 3,589,920,951.47
OBJECTIVE AND POLICY Al Qawafel Fund aims to achieve a competitive return compared to the benchmark and within a low level of risk, in accordance with Shariah regulations, mainly through Murabaha transactions and investing in low risk and short term cash funds, while providing liquidity in a short period.
SECTOR BREAKDOWN (% Total Net Assets)
PERFORMANCE (CHART) 112
Murabaha Sukuk Other Investment
110 108
24
106 104 102
1
100 98
75
96 94 Feb-11
Oct-11
Jun-12
Feb-13
Oct-13
Jun-14
Fund
Feb-15
Oct-15
Jun-16
Feb-17
Oct-17
Benchmark
PERFORMANCE (TABLE)
FEATURES
1 Year
3 Years
5 Years
Positive Performance (Months)
12
36
60
Outperformance Against Benchmark (Months)
10
34
58
Fund Type
Open Ended
Fund Domicile
Saudi Arabia
Fund Currency
Saudi Riyal
Benchmark
SIBOR 1 - Month
Short-term Return (%)
Minimum Subscription Value
5000
Minimum Additional Subscription Value
500
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
From Sunday to Wednesday
Track Record
1 Month
3 Months
6 Months
QTD
YTD
Fund (Annualised)
1.62
1.80
1.79
1.73
1.73
Benchmark (Annualised)
1.68
1.68
1.58
1.68
1.68
Cumulative Returns (%)
1 Year
3 Years
5 Years
Fund
1.87
5.83
8.13
Benchmark
1.49
4.21
5.55
PERFORMANCE (Annualized)
1 Year
3 Years
5 Years
Excess Returns (%)
0.38
0.52
0.49
Alpha (%)
-0.11
0.16
0.21
1 Year
3 Years
5 Years
STATISTICAL ANALYSIS (MONTHLY)
Time to Payback the value of Redeemed Up to 4 Working days fund units to participants Subscription Fee
0.00%
Fund Management Fee
15% from Profit
Administration Fees
0.00%
Custodian Fees
0.00%
RISK (Annualized)
Initial Offerring Date
Oct-2000
Maximum Drawdown (%)
0.00
0.00
0.00
Unit Price at Initial Offering
100
Standard Deviation (%)
0.08
0.19
0.19
Inception Date
Nov-2000
Downside Risk (SSD) (%)
0.05
0.13
0.11
Risk Level
Low
MARKET SENSITIVITY (Annualized)
1 Year
3 Years
5 Years
Beta
2.15
1.62
1.56
REWARD TO RISK (Annualized)
1 Year
3 Years
5 Years
Sharpe Ratio
9.90
5.66
5.05
Information Ratio
3.87
5.94
6.58
Tracking Error
0.00
0.00
0.00
STATISTICAL ANALYSIS Last 3 months Standard Deviation (%) 0.01 Sharpe Ratio
0.00
Q1 2018 -
Q2 2018 -
Q3 2018 -
Q4 2018 -
0.01
-
-
-
-
0.02
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: ALJAZIRA CAPITAL PO Box: 20438, Riyadh 11455, Kingdom of Saudi Arabia, Telephone: +966 112256000 - www.aljaziracapital.com.sa
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AL-QAWAFEL FOR COMMODITIES TRADING FUND Month Ending February 2018
PRICE INFORMATION (End of February 2018) Net Asset Value Per Unit SAR 140.9248
Change (MoM) SAR▲0.1901 Chg % 0.14
Total Fund Units 25,474,025
Total Net Assets SAR 3,589,920,951.47
OBJECTIVE AND POLICY Al Qawafel Fund aims to achieve a competitive return compared to the benchmark and within a low level of risk, in accordance with Shariah regulations, mainly through Murabaha transactions and investing in low risk and short term cash funds, while providing liquidity in a short period.
SECTOR BREAKDOWN (% Total Net Assets)
PERFORMANCE (CHART) 112
Murabaha Sukuk Other Investment
110 108
24
106 104 102
1
100 98
75
96 94 Feb-11
Oct-11
Jun-12
Feb-13
Oct-13
Jun-14
Fund
Feb-15
Oct-15
Jun-16
Feb-17
Oct-17
Benchmark
PERFORMANCE (TABLE)
FEATURES
1 Year
3 Years
5 Years
Positive Performance (Months)
12
36
60
Outperformance Against Benchmark (Months)
10
34
58
Fund Type
Open Ended
Fund Domicile
Saudi Arabia
Fund Currency
Saudi Riyal
Benchmark
SIBOR 1 - Month
Short-term Return (%)
Minimum Subscription Value
5000
Minimum Additional Subscription Value
500
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
From Sunday to Wednesday
Track Record
1 Month
3 Months
6 Months
QTD
YTD
Fund (Annualised)
1.62
1.80
1.79
1.73
1.73
Benchmark (Annualised)
1.68
1.68
1.58
1.68
1.68
Cumulative Returns (%)
1 Year
3 Years
5 Years
Fund
1.87
5.83
8.13
Benchmark
1.49
4.21
5.55
PERFORMANCE (Annualized)
1 Year
3 Years
5 Years
Excess Returns (%)
0.38
0.52
0.49
Alpha (%)
-0.11
0.16
0.21
1 Year
3 Years
5 Years
STATISTICAL ANALYSIS (MONTHLY)
Time to Payback the value of Redeemed Up to 4 Working days fund units to participants Subscription Fee
0.00%
Fund Management Fee
15% from Profit
Administration Fees
0.00%
Custodian Fees
0.00%
RISK (Annualized)
Initial Offerring Date
Oct-2000
Maximum Drawdown (%)
0.00
0.00
0.00
Unit Price at Initial Offering
100
Standard Deviation (%)
0.08
0.19
0.19
Inception Date
Nov-2000
Downside Risk (SSD) (%)
0.05
0.13
0.11
Risk Level
Low
MARKET SENSITIVITY (Annualized)
1 Year
3 Years
5 Years
Beta
2.15
1.62
1.56
REWARD TO RISK (Annualized)
1 Year
3 Years
5 Years
Sharpe Ratio
9.90
5.66
5.05
Information Ratio
3.87
5.94
6.58
Tracking Error
0.00
0.00
0.00
STATISTICAL ANALYSIS Last 3 months Standard Deviation (%) 0.01 Sharpe Ratio
0.00
Q1 2018 -
Q2 2018 -
Q3 2018 -
Q4 2018 -
0.01
-
-
-
-
0.02
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: ALJAZIRA CAPITAL PO Box: 20438, Riyadh 11455, Kingdom of Saudi Arabia, Telephone: +966 112256000 - www.aljaziracapital.com.sa
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