Equity Fund - Aljazira Capital
Equity Fund
AL-THORAIYA EUROPEAN EQUITIES FUND Month Ending July 2016
OBJECTIVE PRICE INFORMATION (End of July 2016) Net Asset Value Per Unit USD 134.2675
Change (MoM) USD▲ 4.3925 Chg % 3.38
Total Fund Units 320,248
Total Net Assets USD 42,998,879.01
OBJECTIVE The Fund’s primary objective is to provide the opportunity for investors to take part in the European Equity Markets and achieve capital growth in the long run through diversified Shariah Compliant Equities.
SECTOR BREAKDOWN (% Total Net Assets)
PERFORMANCE (CHART)
Pharmaceuticals Packaged Foods & Meats Biotechnology Industrial Machinery Personal Products
1 24 38
Household Products Diversified Chemicals Application Software Apparel Retail Others
11 23
Cash
3 4 4
5
5
200 180 160 140 120 100 80 60 40 20 0 Sep -99
Sep -01
Sep -03
Sep -05
Sep -07
Fund
FEATURES
Sep -09
Sep -11
Sep -13
Sep -15
Benchmark
PERFORMANCE (TABLE)
Fund Type
Open Ended
Fund Domicile
Saudi Arabia
Fund Currency
US Dollar
Benchmark
Dow Jones Islamic European Market Index (DJIEU)
Minimum Subscription Value
2000
Short-term Return (%)
Minimum Additional Subscription Value
500
Fund
Minimum Redemption Value
500
Days of receiving application and redemptions Cut-off for receiving Applications and Redemptions
Sunday to Thursday, except public holidays of the Kingdom By 16:00 Sunday & Wednesday
Trading and Valuation Days
Monday and Thursday
1 Year
3 Years
5 Years
10 Years
Since Inception
Positive Performance (Months)
5
20
36
68
112
Outperformance Against Benchmark (Months)
7
26
35
62
108
1 Month
3 Months
6 Months
QTD
YTD
3.38
0.17
9.04
3.38
1.12
Benchmark
3.32
0.28
8.25
3.32
1.08
Cumulative Returns (%)
1 Year
3 Years
5 Years
10 Years
Since Inception
Fund
-5.93
8.82
10.69
8.48
34.27
Benchmark
-6.01
3.66
9.69
18.11
40.08
1 Year
3 Years
5 Years
10 Years
Since Inception -0.26
Track Record
Time to Payback the value of Redeemed Up to 4 Working days fund units to participants
STATISTICAL ANALYSIS
Subscription Fee
Up to 2.00%
Fund Management Fee
1.50%
PERFORMANCE (Annualized)
Performance Fee
20% of outperformance of benchmark
Excess Returns (%)
0.08
1.65
0.18
-0.86
Administration Fees
Maximum of 0.25%
Alpha (%)
-0.07
1.63
0.20
-0.81
-0.14
Custodian Fees
0.08%
Initial Offerring Date
Aug-1999
RISK (Annualized)
1 Year
3 Years
5 Years
10 Years
Since Inception
Unit Price at Initial Offering
100
Maximum Drawdown (%)
-13.73
-16.48
-20.32
-54.37
-54.37
Inception Date
Sep-1999
Standard Deviation (%)
14.77
12.06
17.34
20.10
17.87
Downside Risk (SSD) (%)
9.68
8.46
13.07
15.34
13.51
MARKET SENSITIVITY (Annualized)
1 Year
3 Years
5 Years
10 Years
Since Inception
Beta
0.98
1.00
1.04
1.03
0.95
1 Year
3 Years
5 Years
10 Years
Since Inception
TOP HOLDINGS % Fund Cur.Month NESTLE N ORD
8.78
ROCHE HOLDINGS AG GENUS BEARER SHS
6.97
REWARD TO RISK (Annualized)
NOVO NORDISK AS VORMALS NOVA INDUSTRI AS SHS B
5.04
Sharpe Ratio
-0.39
0.26
0.18
4.26
0.13
0.18
NOVARTIS INC, NAMEN-AKT. UNILEVER DRC
3.30
Information Ratio
0.03
1.06
0.17
-0.28
-0.07
Tracking Error
0.02
0.02
0.02
0.02
0.04
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.”
CONTACT DETAILS ALJAZIRA CAPITAL PO Box: 20438, Riyadh 11455, Kingdom of Saudi Arabia, Telephone: +966 112256000 - www.aljaziracapital.com.sa
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AL-THORAIYA EUROPEAN EQUITIES FUND Month Ending July 2016
OBJECTIVE PRICE INFORMATION (End of July 2016) Net Asset Value Per Unit USD 134.2675
Change (MoM) USD▲ 4.3925 Chg % 3.38
Total Fund Units 320,248
Total Net Assets USD 42,998,879.01
OBJECTIVE The Fund’s primary objective is to provide the opportunity for investors to take part in the European Equity Markets and achieve capital growth in the long run through diversified Shariah Compliant Equities.
SECTOR BREAKDOWN (% Total Net Assets)
PERFORMANCE (CHART)
Pharmaceuticals Packaged Foods & Meats Biotechnology Industrial Machinery Personal Products
1 24 38
Household Products Diversified Chemicals Application Software Apparel Retail Others
11 23
Cash
3 4 4
5
5
200 180 160 140 120 100 80 60 40 20 0 Sep -99
Sep -01
Sep -03
Sep -05
Sep -07
Fund
FEATURES
Sep -09
Sep -11
Sep -13
Sep -15
Benchmark
PERFORMANCE (TABLE)
Fund Type
Open Ended
Fund Domicile
Saudi Arabia
Fund Currency
US Dollar
Benchmark
Dow Jones Islamic European Market Index (DJIEU)
Minimum Subscription Value
2000
Short-term Return (%)
Minimum Additional Subscription Value
500
Fund
Minimum Redemption Value
500
Days of receiving application and redemptions Cut-off for receiving Applications and Redemptions
Sunday to Thursday, except public holidays of the Kingdom By 16:00 Sunday & Wednesday
Trading and Valuation Days
Monday and Thursday
1 Year
3 Years
5 Years
10 Years
Since Inception
Positive Performance (Months)
5
20
36
68
112
Outperformance Against Benchmark (Months)
7
26
35
62
108
1 Month
3 Months
6 Months
QTD
YTD
3.38
0.17
9.04
3.38
1.12
Benchmark
3.32
0.28
8.25
3.32
1.08
Cumulative Returns (%)
1 Year
3 Years
5 Years
10 Years
Since Inception
Fund
-5.93
8.82
10.69
8.48
34.27
Benchmark
-6.01
3.66
9.69
18.11
40.08
1 Year
3 Years
5 Years
10 Years
Since Inception -0.26
Track Record
Time to Payback the value of Redeemed Up to 4 Working days fund units to participants
STATISTICAL ANALYSIS
Subscription Fee
Up to 2.00%
Fund Management Fee
1.50%
PERFORMANCE (Annualized)
Performance Fee
20% of outperformance of benchmark
Excess Returns (%)
0.08
1.65
0.18
-0.86
Administration Fees
Maximum of 0.25%
Alpha (%)
-0.07
1.63
0.20
-0.81
-0.14
Custodian Fees
0.08%
Initial Offerring Date
Aug-1999
RISK (Annualized)
1 Year
3 Years
5 Years
10 Years
Since Inception
Unit Price at Initial Offering
100
Maximum Drawdown (%)
-13.73
-16.48
-20.32
-54.37
-54.37
Inception Date
Sep-1999
Standard Deviation (%)
14.77
12.06
17.34
20.10
17.87
Downside Risk (SSD) (%)
9.68
8.46
13.07
15.34
13.51
MARKET SENSITIVITY (Annualized)
1 Year
3 Years
5 Years
10 Years
Since Inception
Beta
0.98
1.00
1.04
1.03
0.95
1 Year
3 Years
5 Years
10 Years
Since Inception
TOP HOLDINGS % Fund Cur.Month NESTLE N ORD
8.78
ROCHE HOLDINGS AG GENUS BEARER SHS
6.97
REWARD TO RISK (Annualized)
NOVO NORDISK AS VORMALS NOVA INDUSTRI AS SHS B
5.04
Sharpe Ratio
-0.39
0.26
0.18
4.26
0.13
0.18
NOVARTIS INC, NAMEN-AKT. UNILEVER DRC
3.30
Information Ratio
0.03
1.06
0.17
-0.28
-0.07
Tracking Error
0.02
0.02
0.02
0.02
0.04
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.”
CONTACT DETAILS ALJAZIRA CAPITAL PO Box: 20438, Riyadh 11455, Kingdom of Saudi Arabia, Telephone: +966 112256000 - www.aljaziracapital.com.sa
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