Equity Fund
Equity Fund
AL-THORAIYA EUROPEAN EQUITIES FUND Month Ending September 2017
OBJECTIVE PRICE INFORMATION (End of September 2017) Net Asset Value Per Unit USD 157.7111
Change (MoM) USD▲2.5365 Chg % 1.63
Total Fund Units 315,068
Total Net Assets USD 49,689,644.48
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) Pharmaceuticals Food Chemicals Software Semiconductors Auto Parts&Equipment Retail Home Builders Others Cash
PERFORMANCE (CHART) 3 24
32
3
16 3
3
4
5
7
200 180 160 140 120 100 80 60 40 20 0 Sep-99
Sep-02
Sep-05
Sep-08
Fund
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
1 Year
3 Years
5 Years
10 Years
Since Inception
Positive Performance (Months)
9
21
37
69
122
Outperformance Against Benchmark (Months)
8
24
38
69
116
Track Record
Minimum Additional Subscription Value
500
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
Trading and Valuation Days
Monday and Thursday
By 16:00 Sunday & Wednesday
Time to Payback the value of Redeemed Up to 4 Working days fund units to participants
1 Month
3 Months
6 Months
QTD
YTD
Fund
1.63
4.76
13.54
4.76
25.43
Benchmark
2.28
4.70
12.89
4.70
24.29
Cumulative Returns (%)
1 Year
3 Years
5 Years
10 Years
Since Inception
Fund
17.94
13.38
40.38
9.04
57.71
Benchmark
17.12
11.38
35.73
7.46
64.97
Short-term Return (%)
STATISTICAL ANALYSIS
Subscription Fee
Up to 2.00%
Fund Management Fee
1.50%
PERFORMANCE (Annualized)
1 Year
3 Years
5 Years
10 Years
Since Inception
Performance Fee
20% of outperformance of benchmark
Excess Returns (%)
0.82
0.62
0.72
0.15
-0.26
Maximum of 0.25%
Alpha (%)
0.25
0.62
0.72
0.23
-0.10
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 (%)
-9.23
-17.26
-17.66
-54.37
-54.37
Inception Date
Sep-1999
Standard Deviation (%)
11.20
12.29
11.45
20.22
17.49
Downside Risk (SSD) (%)
9.03
9.05
8.51
15.47
13.28
MARKET SENSITIVITY (Annualized)
1 Year
3 Years
5 Years
10 Years
Since Inception
Beta
1.03
1.00
0.99
1.04
0.96
1 Year
3 Years
5 Years
10 Years
Since Inception
Administration Fees
TOP HOLDINGS % Fund Cur.Month Nestle SA-Reg
6.66
Unilever NV-CVA
6.42
REWARD TO RISK (Annualized)
Roche Holding AG-Genusschein
5.95
Sharpe Ratio
1.46
0.35
0.61
0.13
0.22
Novartis AG-Reg
4.83
Information Ratio
0.57
0.39
0.44
0.14
-0.07
Sap SE
3.90
Tracking Error
0.01
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
Page | 2
AL-THORAIYA EUROPEAN EQUITIES FUND Month Ending September 2017
OBJECTIVE PRICE INFORMATION (End of September 2017) Net Asset Value Per Unit USD 157.7111
Change (MoM) USD▲2.5365 Chg % 1.63
Total Fund Units 315,068
Total Net Assets USD 49,689,644.48
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) Pharmaceuticals Food Chemicals Software Semiconductors Auto Parts&Equipment Retail Home Builders Others Cash
PERFORMANCE (CHART) 3 24
32
3
16 3
3
4
5
7
200 180 160 140 120 100 80 60 40 20 0 Sep-99
Sep-02
Sep-05
Sep-08
Fund
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
1 Year
3 Years
5 Years
10 Years
Since Inception
Positive Performance (Months)
9
21
37
69
122
Outperformance Against Benchmark (Months)
8
24
38
69
116
Track Record
Minimum Additional Subscription Value
500
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
Trading and Valuation Days
Monday and Thursday
By 16:00 Sunday & Wednesday
Time to Payback the value of Redeemed Up to 4 Working days fund units to participants
1 Month
3 Months
6 Months
QTD
YTD
Fund
1.63
4.76
13.54
4.76
25.43
Benchmark
2.28
4.70
12.89
4.70
24.29
Cumulative Returns (%)
1 Year
3 Years
5 Years
10 Years
Since Inception
Fund
17.94
13.38
40.38
9.04
57.71
Benchmark
17.12
11.38
35.73
7.46
64.97
Short-term Return (%)
STATISTICAL ANALYSIS
Subscription Fee
Up to 2.00%
Fund Management Fee
1.50%
PERFORMANCE (Annualized)
1 Year
3 Years
5 Years
10 Years
Since Inception
Performance Fee
20% of outperformance of benchmark
Excess Returns (%)
0.82
0.62
0.72
0.15
-0.26
Maximum of 0.25%
Alpha (%)
0.25
0.62
0.72
0.23
-0.10
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 (%)
-9.23
-17.26
-17.66
-54.37
-54.37
Inception Date
Sep-1999
Standard Deviation (%)
11.20
12.29
11.45
20.22
17.49
Downside Risk (SSD) (%)
9.03
9.05
8.51
15.47
13.28
MARKET SENSITIVITY (Annualized)
1 Year
3 Years
5 Years
10 Years
Since Inception
Beta
1.03
1.00
0.99
1.04
0.96
1 Year
3 Years
5 Years
10 Years
Since Inception
Administration Fees
TOP HOLDINGS % Fund Cur.Month Nestle SA-Reg
6.66
Unilever NV-CVA
6.42
REWARD TO RISK (Annualized)
Roche Holding AG-Genusschein
5.95
Sharpe Ratio
1.46
0.35
0.61
0.13
0.22
Novartis AG-Reg
4.83
Information Ratio
0.57
0.39
0.44
0.14
-0.07
Sap SE
3.90
Tracking Error
0.01
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
Page | 2
