Morgan Stanley Morgan Stanley Saudi Equity Fund
Morgan Stanley Morgan Stanley Saudi Equity Fund NAV : 111,301,524
First Interim - 2015 Report
YTD : 23.08%
Investment Strategy The fund follows a long-term strategy focusing on the stock price of the concerned company, compared to the rates of the company in terms of its expected profits, the value of its assets and potential cash flows over the long term. The fund follows an active investment policy by choosing shares that are expected to hit higher prices based on the sector analysis and / or the expected returns for these stocks Fund Objective The Fund aims to achieve capital growth and achieve a level of long-term growth through investing in shares listed on the Saudi Stock Exchange (Tadawul).
Current Price : SAR 345.18
Asset Class: Open-Ended
Inception Date: 07-01-2009
Fund Manager: Morgan Stanely
Fund Classification: Growth
Fund Benchmark : TASI
Fund Category : Equity
Fund Currency: Saudi Riyals
Price Since Inception : SAR 100.00
Management Fee 1.75 %
Performance Fee 0.00 %
Management Fee Per annum Min. Subscription 50,000 Type Subscription Fee
1.50 %
Min. Redemption 50,000
Redemption Fee
0.50%
Custodian Fee
0.10 %
Comment Morgan Stanely equity fund has ranked fifth, on YTD basis among the Mutual Funds listed on Saudi Stock Market , with YTD reached 23.08 % by end of the first interim 2015. The fund invests most of its assets in Saudi l equities listed on the Saudi Stock Market. With Sharpe ratio 0.39 , information ratio 0.39 and Treynor 0.03 with Annual Return of 4.87% through the first interim of 2015 compared to 3.78% in Q1. The Standard Deviation was 7.41% compared to 8.45% in Q1 , which remains in line with the lower benchmark’s standard deviation , thereby implying a lower risk level.
Sector Breakdown
Portfolio Composition Sector allocation
Percentage
Banks
35.11%
Retail
16.14%
Petrochemicals
11.45%
Agriculture
10.24%
Insurance
7.17%
Hotels
4.38%
Industrial
4.12%
Cement
3.85%
Construction & Real Estate
3.11%
Transportation
2.85%
Telecommunications
1.58%
,
Fund Return vs. Benchmark Fund Return Period
Fund Return Benchmark Return
3-Months
14.04%
3.89%
6 months
28.58%
14.50%
YTD
28.58%
14.50%
1year
35.86%
-1.50%
3year
143.30%
39.30%
5-year
188.31%
58.76%
Since inception
260.61%
102.06%
Assets & Liabilities Dec– 2014
Price Fluctuations during first interim—2015 Dec-2013
Total Assets
2,686,278
1,707,360
Total liabilities Total equity
497,793
296,703
2,188,485
1,410,657
Net Income
11,998,253
18,310,630
Performance
The Fund’s YTD reached 23.08% on 30-6-2015 compared to YTD 6.89% on31-3-2015 ,thereby indicating an increase of 16.19% in Q2
Compared to an increase in the Benchmark of 5.53 during the same period
The Risk Level in this fund is high
First Interim Report
Fund Manager : Morgan Stanely
Argaam Plus
Morgan Stanely Saudi Equity Fund
Mutual Fund Department
First Interim - 2015 Report
YTD : 23.08%
Investment Strategy The fund follows a long-term strategy focusing on the stock price of the concerned company, compared to the rates of the company in terms of its expected profits, the value of its assets and potential cash flows over the long term. The fund follows an active investment policy by choosing shares that are expected to hit higher prices based on the sector analysis and / or the expected returns for these stocks Fund Objective The Fund aims to achieve capital growth and achieve a level of long-term growth through investing in shares listed on the Saudi Stock Exchange (Tadawul).
Current Price : SAR 345.18
Asset Class: Open-Ended
Inception Date: 07-01-2009
Fund Manager: Morgan Stanely
Fund Classification: Growth
Fund Benchmark : TASI
Fund Category : Equity
Fund Currency: Saudi Riyals
Price Since Inception : SAR 100.00
Management Fee 1.75 %
Performance Fee 0.00 %
Management Fee Per annum Min. Subscription 50,000 Type Subscription Fee
1.50 %
Min. Redemption 50,000
Redemption Fee
0.50%
Custodian Fee
0.10 %
Comment Morgan Stanely equity fund has ranked fifth, on YTD basis among the Mutual Funds listed on Saudi Stock Market , with YTD reached 23.08 % by end of the first interim 2015. The fund invests most of its assets in Saudi l equities listed on the Saudi Stock Market. With Sharpe ratio 0.39 , information ratio 0.39 and Treynor 0.03 with Annual Return of 4.87% through the first interim of 2015 compared to 3.78% in Q1. The Standard Deviation was 7.41% compared to 8.45% in Q1 , which remains in line with the lower benchmark’s standard deviation , thereby implying a lower risk level.
Sector Breakdown
Portfolio Composition Sector allocation
Percentage
Banks
35.11%
Retail
16.14%
Petrochemicals
11.45%
Agriculture
10.24%
Insurance
7.17%
Hotels
4.38%
Industrial
4.12%
Cement
3.85%
Construction & Real Estate
3.11%
Transportation
2.85%
Telecommunications
1.58%
,
Fund Return vs. Benchmark Fund Return Period
Fund Return Benchmark Return
3-Months
14.04%
3.89%
6 months
28.58%
14.50%
YTD
28.58%
14.50%
1year
35.86%
-1.50%
3year
143.30%
39.30%
5-year
188.31%
58.76%
Since inception
260.61%
102.06%
Assets & Liabilities Dec– 2014
Price Fluctuations during first interim—2015 Dec-2013
Total Assets
2,686,278
1,707,360
Total liabilities Total equity
497,793
296,703
2,188,485
1,410,657
Net Income
11,998,253
18,310,630
Performance
The Fund’s YTD reached 23.08% on 30-6-2015 compared to YTD 6.89% on31-3-2015 ,thereby indicating an increase of 16.19% in Q2
Compared to an increase in the Benchmark of 5.53 during the same period
The Risk Level in this fund is high
First Interim Report
Fund Manager : Morgan Stanely
Argaam Plus
Morgan Stanely Saudi Equity Fund
Mutual Fund Department
