Mutual Fund
ALISTITHMAR CAPITAL
Mutual Fund Fact Sheets June 2015
Content Contents
Page No.
1-
SAIB Saudi Equity Fund……………………………………………………………………………………………..
3
2-
SAIB Saudi Companies Fund……..……..……..…………………………………………………………………..
5
3-
SAIB GCC Equity Fund……..……..……..……..……..……..…..…..……..………………………......................
7
4-
SAIB Arab Companies Fund…..……..……..……..……..…..……...……..………………………………………
9
5-
SAIB Trade Finance Fund…..……..……..……..……..…..……..……..……..……………………………………
11
6-
SAIB Sukuk Fund…..……..……..……..……..…..………………………..……..………………………………….
12
SAIB Saudi Equity Fund June 2015 FUND MANAGER
INVESTMENT OBJECTIVE
Alistithmar Capital
Objective Achieving long-term capital growth through diversified exposure to Saudi equities and financial products.
REFERENCE BENCHMARK TASI
KEY FIGURES
Strategy
Size of the fund: SAR 76.927 Mn
Active management through sector allocation and stock picking backed by research.
Combination of top-down and bottom-up approaches.
NAV per unit: SAR 222.2799 Zawya code: SIBKSAE.MF Bloomberg code: SIBSEQY
SECTOR PERFORMANCES SAUDI MARKET (as of 30/06/2015)
FUND MANAGER COMMENT TASI notably underperformed its regional peers in June on multiple factors namely, Ramadan/Summer seasonality, slower foreign inflows following the market-opening for direct participation of QFI and uncertainty around the Greece debt issue. All market sectors ended the month in red, though the retail, Food & Agri and Cement sectors were somewhat resilient. In the global front, Greece was in the spotlight as its disagreements continued over the terms of lenders to secure the next receipt of the bailout. Recent manufacturing data indicated gradual improvement in Europe; however, China continued produce sluggish numbers. US FED delayed the first interest rate hike in its last meeting. Oil price volatility was significantly lower in June amid OPEC decided to keep the supply unchanged in its June meeting.
Performances % TASI Banking Petrochemicals Cement Retail Energy
Volatility of the market was notably lower relative to the previous month. Monthly market turnover recorded 18% drop on MoM basis. Foreign activities in Saudi market through swaps recorded a small net inflow during June. Expected healthy 2Q15 financial performance would support the short term stability, while access to Saudi market through QFI in the coming month would attract foreign participation that would contribute further to the development of the market. However, regional political uncertainty would continue be a major risk factor to monitor.
Agriculture Telecom Insurance Multi Investment Industrial Investment Building & Cons Real estate Transportation
PERFORMANCE (as of 30/06/2015)
Media
Fund
Index
0.32 -4.12 8.08 19.66 8.39
-2.08 -6.87 1.45 9.04 4.06
5.00 34.32 7.32 -5.40 12.49
-2.37 25.50 5.97 -3.06 8.15
Hotel & Tourism
June -6.21 -8.25 -6.19 -3.99 -2.19 -12.37 -3.66 -2.14 -6.97 -3.53 -10.03 -6.75 -5.27 -1.83 -1.43 -6.55
YTD 9.04 8.55 6.96 -1.02 12.06 12.10 -1.19 -9.29 21.24 19.52 26.51 6.47 28.74 41.76 3.78 15.58
Cumulative (%) 1-Week 1-Month 3-Month Year to Date Since inception (Annualized) Annual (%) Year 2014 Year 2013 Year 2012 Year 2011 Year 2010
S TOP HOLDINGS
FUND’S TOP HOLDINGS (as of 31/05/2015) Saudi Dairy & Foodstuff Co. Al Rajhi Bank National Commercial Bank Al Tayyar Travel Group
Information herein and past performance does not guarantee future performance
“Alistithmar Capital is a Saudi registered company having Saudi Commercial Registration No. 101235995, and the CMA license No. 11156-37 and address in the Kingdom of Saudi Arabia P.O.Box 6888 Riyadh 11452.” This report is provided solely for information purpose and dose not constitutes investment advice to buy or sell units in the featured fund. This report has been prepared using data and information gathered from sources believed to be reliable and we make no guarantees or promises and do not carry any responsibility or liability for the accuracy or completeness of that information. Past performance is not necessarily a guide to future performance. The assets of the Fund are subject to a number of risks associated with investing in financial markets in which the fund invests its assets. The investment in the Fund is not a deposit with a local bank and the investor should be aware that the value of the investment units can reduce and rise up at any time. ICAP cannot give any assurance that the Fund's investment strategy will be implemented successfully and there is no guarantee provided to the investor to recover the original amount invested, nor any returns. The investor may refer to a qualified investment advisor to determine the appropriate investment in the Fund. For more information and details about the fund you want to invest in, please refer to the terms and conditions of the relevant Fund and read carefully, including the risk section of the Fund. A copy of the terms and conditions of all our funds is available on our website
3
FUND STATISTICS BREAKDOWN BY MARKET SECTOR (as of 30/06/2015)
Fund Number of holdings
16.92% - Banking 12.85% - Retail 12.25% - Petrochemical 12.10% - Agriculture 9.83% - Cement 8.39% - Industrial Investment 8.23% - Transport 5.73% - Cash 4.92% - Hotel 4.15% - Real estate 3.41% - Multi-investment 1.22% - Insurance 0.00% - Building 0.00% - Energy/Utilities 0.00% - Media 0.00% - Telecom
Index
26
170
Max Weekly return SI
15.74%
14.75%
Min Weekly return SI
-18.10%
-21.21%
Fund
Index
0.25 0.73 0.90 0.96 25.32
0.08
SI –Since Inception
RISK ANALYSIS Sharpe Ratio Information Ratio Beta R squared Annualized Std Deviation
1.00 1.00 27.37
Based on weekly data
FUND PARTICULARS Nature of the fund Open Ended
SECTOR EXPOSURE (as of 30/06/2015)
Inception date July 24, 2004
Compared with the benchmark
Transport
8.23%
Telecom
0.00%
Retail Real estate Petrochemical Multi-investment
Subscription/Redemption cut off date Daily – Before 12 noon 5.83% -4.68%
12.85% 4.15% 12.25%
6.65%
0.00%
Insurance
1.22%
Industrial Investment
8.39%
Hotel
4.92%
Energy/Utilities
0.00%
Cement
9.83%
Building
0.00%
Banking
16.92% -15.14%
Agriculture
12.10%
Minimum investment SAR 10,000 Liquidity Daily subscription/redemption
-4.61%
Management fee 1.75% p.a. on net asset value
-5.45%
3.41%
Media
Base currency SAR
2.33% -0.30%
Subscription fee 1.00% Redemption fees Nil
-1.70% 4.52% 3.24% -1.54% 2.52% -2.37%
INVESTMENT MANAGER ALISTITHMAR CAPITAL PO Box 6888 Riyadh 11452 Kingdom of Saudi Arabia Tel: +966-11- 2547666 Fax: +966-11- 4892653 www.alistithmarcapital.com
4.97%
“Alistithmar Capital is a Saudi registered company having Saudi Commercial Registration No. 101235995, and the CMA license No. 11156-37 and address in the Kingdom of Saudi Arabia P.O.Box 6888 Riyadh 11452.” This report is provided solely for information purpose and dose not constitutes investment advice to buy or sell units in the featured fund. This report has been prepared using data and information gathered from sources believed to be reliable and we make no guarantees or promises and do not carry any responsibility or liability for the accuracy or completeness of that information. Past performance is not necessarily a guide to future performance. The assets of the Fund are subject to a number of risks associated with investing in financial markets in which the fund invests its assets. The investment in the Fund is not a deposit with a local bank and the investor should be aware that the value of the investment units can reduce and rise up at any time. ICAP cannot give any assurance that the Fund's investment strategy will be implemented successfully and there is no guarantee provided to the investor to recover the original amount invested, nor any returns. The investor may refer to a qualified investment advisor to determine the appropriate investment in the Fund. For more information and details about the fund you want to invest in, please refer to the terms and conditions of the relevant Fund and read carefully, including the risk section of the Fund. A copy of the terms and conditions of all our funds is available on our website
4
SAIB Saudi Companies Fund (Shariah Compliant) June 2015 INVESTMENT OBJECTIVE
FUND MANAGER Alistithmar Capital
Objective Achieving long-term capital growth through diversified exposure to Shariah compliant Saudi equities and financial products.
REFERENCE BENCHMARK
Strategy
KEY FIGURES
S&P Saudi Arabia Shariah Index Size of the fund: SAR 56.658Mn
Active management through sector allocation and stock picking backed by research.
Combination of top-down and bottom-up approaches.
NAV per unit: SAR 132.3406 Zawya code: SIBCOMP.MF Bloomberg code: SIBSCOM
FUND MANAGER COMMENT TASI notably underperformed its regional peers in June on multiple factors namely, Ramadan/Summer seasonality, slower foreign inflows following the market-opening for direct participation of QFI and uncertainty around the Greece debt issue. All market sectors ended the month in red, though the retail, Food & Agri and Cement sectors were somewhat resilient. In the global front, Greece was in the spotlight as its disagreements continued over the terms of lenders to secure the next receipt of the bailout. Recent manufacturing data indicated gradual improvement in Europe; however, China continued produce sluggish numbers. US FED delayed the first interest rate hike in its last meeting. Oil price volatility was significantly lower in June amid OPEC decided to keep the supply unchanged in its June meeting. Volatility of the market was notably lower relative to the previous month. Monthly market turnover recorded 18% drop on MoM basis. Foreign activities in Saudi market through swaps recorded a small net inflow during June.
SECTOR PERFORMANCES SAUDI MARKET (as of 30/06/2015) Performances % TASI Banking Petrochemicals Cement Retail Energy Agriculture Telecom
Expected healthy 2Q15 financial performance would support the short term stability, while access to Saudi market through QFI in the coming month would attract foreign participation that would contribute further to the development of the market. However, regional political uncertainty would continue be a major risk factor to monitor.
Insurance Multi Investment Industrial Investment Building & Cons Real estate
PERFORMANCE (as of 30/06/2015)
Transportation
Fund
Index
1 Week 1 Month 3 Month Year to Date Since inception (Annualized)
Media Hotel & Tourism
Cumulative (%)
-0.02 -4.31 8.84 22.45 2.96
-2.21 -6.22 3.05 8.48 -2.39
-0.03 33.21 14.29 -2.63 13.14
-7.91 23.33 7.81 -1.68 9.10
June -6.21 -8.25 -6.19 -3.99 -2.19 -12.37 -3.66 -2.14 -6.97 -3.53 -10.03 -6.75 -5.27 -1.83 -1.43 -6.55
YTD 9.04 8.55 6.96 -1.02 12.06 12.10 -1.19 -9.29 21.24 19.52 26.51 6.47 28.74 41.76 3.78 15.58
FUND’S TOP HOLDINGS (as of 31/05/2015) Al Rajhi Bank SABIC
Annual (%) Year 2014 Year 2013 Year 2012 Year 2011 Year 2010
Saudi Dairy & Foodstuff Co. Al Tayyar Travel Group
Information herein and past performance does not guarantee future performance
“Alistithmar Capital is a Saudi registered company having Saudi Commercial Registration No. 101235995, and the CMA license No. 11156-37 and address in the Kingdom of Saudi Arabia P.O.Box 6888 Riyadh 11452.” This report is provided solely for information purpose and dose not constitutes investment advice to buy or sell units in the featured fund. This report has been prepared using data and information gathered from sources believed to be reliable and we make no guarantees or promises and do not carry any responsibility or liability for the accuracy or completeness of that information. Past performance is not necessarily a guide to future performance. The assets of the Fund are subject to a number of risks associated with investing in financial markets in which the fund invests its assets. The investment in the Fund is not a deposit with a local bank and the investor should be aware that the value of the investment units can reduce and rise up at any time. ICAP cannot give any assurance that the Fund's investment strategy will be implemented successfully and there is no guarantee provided to the investor to recover the original amount invested, nor any returns. The investor may refer to a qualified investment advisor to determine the appropriate investment in the Fund. For more information and details about the fund you want to invest in, please refer to the terms and conditions of the relevant Fund and read carefully, including the risk section of the Fund. A copy of the terms and conditions of all our funds is available on our website
5
FUND STATISTICS BREAKDOWN BY MARKET SECTOR (as of 30/06/2015) Number of holdings 28.20% - Banking 12.55% - Agriculture 10.82% - Petrochemical 9.35% - Retail 7.71% - Transport 5.49% - Cement 5.45% - Multi-investment 5.24% - Industrial Investment 4.86% - Hotel 4.39% - Real estate 3.87% - Cash 2.07% - Insurance 0.00% - Building 0.00% - Energy/Utilities 0.00% - Media 0.00% - Telecom
Max Weekly return SI Min Weekly return SI
Fund
Index
32 14.66% -19.73%
121 16.90% -23.85%
Fund
Index
0.04 1.02 0.92 0.97 27.17
-0.15
SI –Since Inception
RISK ANALYSIS Sharpe Ratio Information Ratio Beta R squared Annualized Std Deviation
1.00 1.00 29.12
Based on weekly data
FUND PARTICULARS Nature of the fund Open Ended
SECTOR EXPOSURE (as of 30/06/2015)
Inception date April 23, 2005
Compared with the benchmark
Transport
7.71%
Telecom
0.00%
Retail
9.35%
Real estate
4.39%
Petrochemical
10.82%
6.64%
Subscription/Redemption cut off date Daily – Before 12 noon Base currency SAR
-7.39% 1.92% 0.88%
Minimum investment SAR 10,000 Liquidity Daily subscription/redemption
-12.75%
Management fee 1.75% p.a. on net asset value
Multi-investment
5.45%
Media
0.00%
-0.43%
Subscription fee 1.00%
Insurance
2.07%
-0.07%
Industrial Investment
5.24%
Redemption fees Nil
Hotel
4.86%
Energy/Utilities
0.00%
Cement
5.49%
Building
0.00%
Banking
28.20%
Agriculture
12.55%
4.55%
-0.53% 2.22% -2.73% -5.46% -2.27% 8.36%
INVESTMENT MANAGER ALISTITHMAR CAPITAL PO Box 6888 Riyadh 11452 Kingdom of Saudi Arabia Tel: +966-11- 2547666 Fax: +966-11- 4892653 www.alistithmarcapital.com
3.19%
“Alistithmar Capital is a Saudi registered company having Saudi Commercial Registration No. 101235995, and the CMA license No. 11156-37 and address in the Kingdom of Saudi Arabia P.O.Box 6888 Riyadh 11452.” This report is provided solely for information purpose and dose not constitutes investment advice to buy or sell units in the featured fund. This report has been prepared using data and information gathered from sources believed to be reliable and we make no guarantees or promises and do not carry any responsibility or liability for the accuracy or completeness of that information. Past performance is not necessarily a guide to future performance. The assets of the Fund are subject to a number of risks associated with investing in financial markets in which the fund invests its assets. The investment in the Fund is not a deposit with a local bank and the investor should be aware that the value of the investment units can reduce and rise up at any time. ICAP cannot give any assurance that the Fund's investment strategy will be implemented successfully and there is no guarantee provided to the investor to recover the original amount invested, nor any returns. The investor may refer to a qualified investment advisor to determine the appropriate investment in the Fund. For more information and details about the fund you want to invest in, please refer to the terms and conditions of the relevant Fund and read carefully, including the risk section of the Fund. A copy of the terms and conditions of all our funds is available on our website
6
SAIB GCC Equity Fund June 2015 FUND MANAGER
INVESTMENT OBJECTIVE
Alistithmar Capital
Objective Achieving long-term capital growth through diversified exposure to GCC equities and money market.
S&P GCC Composite Price Index (USD)
KEY FIGURES
Strategy
REFERENCE BENCHMARK
Size of the fund: USD 78.497 Mn
Active management through country and sector allocation and stock picking backed by research.
NAV per unit: USD 243.3239
Combination of top-down and bottom-up approaches.
Bloomberg code: SIBGULF
FUND MANAGER COMMENT
Zawya code: SIBGCCE.MF
COUNTRY ALLOCATION
TASI notably underperformed its regional peers in June on multiple factors namely, Ramadan/Summer seasonality, slower foreign inflows following the market-opening for direct participation of QFI and uncertainty around the Greece debt issue. Bucking the trend, UAE markets gained more than 4% during the month as a strong performance of Amlak created fresh speculative investor interests in the markets. In the global front, Greece was in the spotlight as its disagreements continued over the terms of lenders to secure the next receipt of the bailout. Recent manufacturing data indicated gradual improvement in Europe; however, China continued produce sluggish numbers. US FED delayed the first interest rate hike in its last meeting. Oil price volatility was significantly lower in June amid OPEC decided to keep the supply unchanged in its June meeting.
(as of 29/06/2015)
Volatility of UAE and Saudi markets increased relative to the levels recorded in previous month; while other markets exhibited lower volatility. Except Dubai, monthly market turnover was lower on MoM basis due to Ramadan/Summer seasonal slowness in market activities. Stability in oil prices and improvement in global market conditions are among the key catalyst for the strong long-term returns in GCC markets. Expected healthy 2Q15 financial performance would support the short term stability. Continuous effort to liberalize markets would attract foreign participation in regional markets. However, regional political uncertainty would continue be a major risk factor to monitor.
69.64% - Saudi 2.88% - Kuwait 9.85% - Qatar
PERFORMANCE (as of 29/06/2015)
12.06% - UAE
Fund
Index
0.32% - Oman
-0.47 -2.74 10.02 13.06 8.63
-1.99 -4.56 2.70 3.15 3.85
5.25% - Cash
9.37 35.28 8.62 -5.43 18.25
-2.21 24.63 3.46 -8.37 13.77
Cumulative (%) 1-Week 1-Month 3-Month Year to Date Since inception (Annualized) Annual (%) Year 2014 Year 2013 Year 2012 Year 2011 Year 2010
FUND’S TOP HOLDINGS (as of 27/05/2015) Al Rajhi Bank Alinma Bank Saudi Arabian Mining Co-Ma'aden Qatar National Bank
Benchmark of the fund until 2008 – Shuaa GCC Index "As MSCI has discontinued providing indices including Saudi Arabia effective Sep 01, 2010, the fund has switched to S&P GCC index" Information herein and past performance does not guarantee future performance
“Alistithmar Capital is a Saudi registered company having Saudi Commercial Registration No. 101235995, and the CMA license No. 11156-37 and address in the Kingdom of Saudi Arabia P.O.Box 6888 Riyadh 11452.” This report is provided solely for information purpose and dose not constitutes investment advice to buy or sell units in the featured fund. This report has been prepared using data and information gathered from sources believed to be reliable and we make no guarantees or promises and do not carry any responsibility or liability for the accuracy or completeness of that information. Past performance is not necessarily a guide to future performance. The assets of the Fund are subject to a number of risks associated with investing in financial markets in which the fund invests its assets. The investment in the Fund is not a deposit with a local bank and the investor should be aware that the value of the investment units can reduce and rise up at any time. ICAP cannot give any assurance that the Fund's investment strategy will be implemented successfully and there is no guarantee provided to the investor to recover the original amount invested, nor any returns. The investor may refer to a qualified investment advisor to determine the appropriate investment in the Fund. For more information and details about the fund you want to invest in, please refer to the terms and conditions of the relevant Fund and read carefully, including the risk section of the Fund. A copy of the terms and conditions of all our funds is available on our website
7
FUND STATISTICS
BREAKDOWN BY MARKET SECTOR (as of 29/06/2015)
Fund Number of holdings
41.92% - Financials 20.49% - Materials 10.46% - Industrials
Index
41
293
Max Weekly return SI
13.10%
13.51%
Min Weekly return SI
-14.76%
-16.23%
Fund
Index
0.33 0.67 0.86 0.90 20.55
0.09
SI –Since Inception
9.26% - Consumer Discretionary
RISK ANALYSIS
6.17% - Consumer Staples 5.25% - Cash
Sharpe Ratio Information Ratio Beta R squared Annualized Std Deviation
2.39% - Energy 2.09% - Health Care 1.97% - Utilities
1.00 1.00 22.68
Based on weekly data
0.00% - Telecom
FUND PARTICULARS Nature of the fund Open Ended
SECTOR EXPOSURE (as of 29/06/2015) Compared with the benchmark
Inception date July 24, 2004
Information Technology
0.00%
0.00%
Utilities
1.97%
0.02%
Telecom
0.00% -6.98%
Materials
20.49%
Industrials
10.46%
Health Care
2.09%
Financials
Subscription/Redemption cut off date Tuesday & Sunday – Before 12 noon Base currency USD Minimum investment USD 5,000
0.45%
Liquidity Twice Weekly subscription/redemption
1.95% 1.05%
Management fee 1.75% p.a. on net asset value
41.92% -9.13%
Energy
2.39%
Consumer Staples
6.17%
Consumer Discretionary
9.26%
Subscription fee 1.00%
0.86%
Redemption fees Nil
1.83% 5.81%
INVESTMENT MANAGER GCC MARKET STATISTICS Return (%)
Std Deviation (%)
Value traded ($Mn)
Jun-15
YTD
May-15
Jun-15
Jun-15
MoM (%)
Saudi
-6.21
9.04
9.05
12.29
29,581
-31.69
Abu Dhabi
4.32
4.29
10.45
14.41
1,117
-15.38
Dubai
4.17
8.29
15.39
19.42
4,304
47.38
Kuwait
-0.45
-4.32
4.60
6.13
1,060
-2.75
Qatar
1.27
-0.69
14.74
10.19
1,692
-46.09
Oman
0.58
1.28
4.37
3.34
156
-6.65
Bahrain
0.31
-4.12
4.40
2.87
19
-54.25
S&P GCC
-3.51
3.69
5.96
8.66
34,797
-27.03
ALISTITHMAR CAPITAL PO Box 6888 Riyadh 11452 Kingdom of Saudi Arabia Tel: +966-11- 2547666 Fax: +966-11- 4892653 www.alistithmarcapital.com
“Alistithmar Capital is a Saudi registered company having Saudi Commercial Registration No. 101235995, and the CMA license No. 11156-37 and address in the Kingdom of Saudi Arabia P.O.Box 6888 Riyadh 11452.” This report is provided solely for information purpose and dose not constitutes investment advice to buy or sell units in the featured fund. This report has been prepared using data and information gathered from sources believed to be reliable and we make no guarantees or promises and do not carry any responsibility or liability for the accuracy or completeness of that information. Past performance is not necessarily a guide to future performance. The assets of the Fund are subject to a number of risks associated with investing in financial markets in which the fund invests its assets. The investment in the Fund is not a deposit with a local bank and the investor should be aware that the value of the investment units can reduce and rise up at any time. ICAP cannot give any assurance that the Fund's investment strategy will be implemented successfully and there is no guarantee provided to the investor to recover the original amount invested, nor any returns. The investor may refer to a qualified investment advisor to determine the appropriate investment in the Fund. For more information and details about the fund you want to invest in, please refer to the terms and conditions of the relevant Fund and read carefully, including the risk section of the Fund. A copy of the terms and conditions of all our funds is available on our website
8
SAIB Arab Companies Fund (Shariah Compliant) June 2015
FUND MANAGER
INVESTMENT OBJECTIVE
Alistithmar Capital
Objective REFERENCE BENCHMARK Achieving long-term capital growth through diversified exposure to Shariah compliant - GCC equities and financial products.
S&P Pan Arab Composite Shariah Index
Strategy
Size of the fund: USD 4.383 Mn
KEY FIGURES NAV per unit: USD 108.5604
Active management through country and sector allocation and stock picking backed by research.
Zawya code: SIBGLFC.MF Bloomberg code: SIBGCOM
Combination of top-down and bottom-up approaches.
COUNTRY ALLOCATION
FUND MANAGER COMMENT
(as of 29/06/2015)
TASI notably underperformed its regional peers in June on multiple factors namely, Ramadan/Summer seasonality, slower foreign inflows following the market-opening for direct participation of QFI and uncertainty around the Greece debt issue. Bucking the trend, UAE markets gained more than 4% during the month as a strong performance of Amlak created fresh speculative investor interests in the markets. In the global front, Greece was in the spotlight as its disagreements continued over the terms of lenders to secure the next receipt of the bailout. Recent manufacturing data indicated gradual improvement in Europe; however, China continued produce sluggish numbers. US FED delayed the first interest rate hike in its last meeting. Oil price volatility was significantly lower in June amid OPEC decided to keep the supply unchanged in its June meeting. Volatility of UAE and Saudi markets increased relative to the levels recorded in previous month; while other markets exhibited lower volatility. Except Dubai, monthly market turnover was lower on MoM basis due to Ramadan/Summer seasonal slowness in market activities. Stability in oil prices and improvement in global market conditions are among the key catalyst for the strong long-term returns in GCC markets. Expected healthy 2Q15 financial performance would support the short term stability. Continuous effort to liberalize markets would attract foreign participation in regional markets. However, regional political uncertainty would continue be a major risk factor to monitor.
72.76% - Saudi 10.11% - Qatar 2.33% - Kuwait
PERFORMANCE
(as of 29/06/2015)
8.86% - UAE
Fund
Index
‐0.62 ‐3.31 9.85 14.30 0.95
‐2.18 ‐5.01 3.22 4.76 ‐4.55
5.76 28.25 9.83 ‐5.93 14.21
‐5.45 21.00 4.64 ‐9.83 11.31
5.94% - Cash
Cumulative (%) 1 Week 1 Month 3 Month Year to Date Since inception (Annualized)
FUND’S TOP HOLDINGS (as of 27/05/2015) SABIC Saudi Arabian Mining Co-Ma'aden
Annual (%) Year 2014 Year 2013 Year 2012 Year 2011 Year 2010
Al Rajhi Bank Alinma Bank
Information herein and past performance does not guarantee future performance
“Alistithmar Capital is a Saudi registered company having Saudi Commercial Registration No. 101235995, and the CMA license No. 11156-37 and address in the Kingdom of Saudi Arabia P.O.Box 6888 Riyadh 11452.” This report is provided solely for information purpose and dose not constitutes investment advice to buy or sell units in the featured fund. This report has been prepared using data and information gathered from sources believed to be reliable and we make no guarantees or promises and do not carry any responsibility or liability for the accuracy or completeness of that information. Past performance is not necessarily a guide to future performance. The assets of the Fund are subject to a number of risks associated with investing in financial markets in which the fund invests its assets. The investment in the Fund is not a deposit with a local bank and the investor should be aware that the value of the investment units can reduce and rise up at any time. ICAP cannot give any assurance that the Fund's investment strategy will be implemented successfully and there is no guarantee provided to the investor to recover the original amount invested, nor any returns. The investor may refer to a qualified investment advisor to determine the appropriate investment in the Fund. For more information and details about the fund you want to invest in, please refer to the terms and conditions of the relevant Fund and read carefully, including the risk section of the Fund. A copy of the terms and conditions of all our funds is available on our website
9
BREAKDOWN BY MARKET SECTOR
FUND STATISTICS (as of 29/06/2015) Number of holdings
30.23% - Financials
Max Weekly return SI
24.86% - Materials
Min Weekly return SI
Fund
Index
32 13.14% ‐17.11%
218 14.09% ‐15.70%
Fund
Index
‐0.04 0.32 1.01 0.95 22.16
‐0.27
SI –Since Inception
13.00% - Industrials 12.99% - Consumer Discretionary 7.64% - Consumer Staples
RISK ANALYSIS
5.94% - Cash
Sharpe Ratio
3.15% - Energy
Information Ratio
2.19% - Health Care
Beta
0.00% - Telecom
R squared Annualized Std Deviation
0.00% - Utilities
1.00 1.00 23.70
Based on weekly data
0.00% - Information Technology
FUND PARTICULARS SECTOR EXPOSURE
Nature of the fund Open Ended
(as of 29/06/2015)
Compared with the benchmark
Inception date April 23, 2005
Information Technology
0.00%
Utilities
0.00%
Telecom
0.00%
Materials
24.86%
Industrials
13.00%
Health Care
2.19%
Financials
30.23%
Energy
3.15%
Consumer Staples
7.64%
Consumer Discretionary
Subscription/Redemption cut off date Tuesday & Sunday – Before 12 noon
0.00 % -2.04 %
Base currency USD
-10.79 %
Minimum investment USD 5,000
-4.78 % 4.75 % 0.55 %
Management fee 1.75% p.a. on net asset value
-4.09 % 2.64 %
Subscription fee 1.00% Redemption fees Nil
0.22 %
12.99%
Liquidity Twice Weekly subscription/redemption
7.61 %
INVESTMENT MANAGER GCC MARKET STATISTICS Return (%)
Std Deviation (%)
Value traded ($Mn)
Jun-15
YTD
May-15
Jun-15
Jun-15
MoM (%)
Saudi
-6.21
9.04
9.05
12.29
29,581
-31.69
Abu Dhabi
4.32
4.29
10.45
14.41
1,117
-15.38
Dubai
4.17
8.29
15.39
19.42
4,304
47.38
Kuwait
-0.45
-4.32
4.60
6.13
1,060
-2.75
Qatar
1.27
-0.69
14.74
10.19
1,692
-46.09
Oman
0.58
1.28
4.37
3.34
156
-6.65
Bahrain
0.31
-4.12
4.40
2.87
19
-54.25
S&P GCC
-3.51
3.69
5.96
8.66
34,797
-27.03
ALISTITHMAR CAPITAL PO Box 6888 Riyadh 11452 Kingdom of Saudi Arabia Tel: +966-11- 2547666 Fax: +966-11- 4892653 www.alistithmarcapital.com
“Alistithmar Capital is a Saudi registered company having Saudi Commercial Registration No. 101235995, and the CMA license No. 11156-37 and address in the Kingdom of Saudi Arabia P.O.Box 6888 Riyadh 11452.” This report is provided solely for information purpose and dose not constitutes investment advice to buy or sell units in the featured fund. This report has been prepared using data and information gathered from sources believed to be reliable and we make no guarantees or promises and do not carry any responsibility or liability for the accuracy or completeness of that information. Past performance is not necessarily a guide to future performance. The assets of the Fund are subject to a number of risks associated with investing in financial markets in which the fund invests its assets. The investment in the Fund is not a deposit with a local bank and the investor should be aware that the value of the investment units can reduce and rise up at any time. ICAP cannot give any assurance that the Fund's investment strategy will be implemented successfully and there is no guarantee provided to the investor to recover the original amount invested, nor any returns. The investor may refer to a qualified investment advisor to determine the appropriate investment in the Fund. For more information and details about the fund you want to invest in, please refer to the terms and conditions of the relevant Fund and read carefully, including the risk section of the Fund. A copy of the terms and conditions of all our funds is available on our website
10
SAIB Trade Finance Fund (Shariah Compliant) June 2015 FUND MANAGER Alistithmar Capital
INVESTMENT OBJECTIVE Objective
REFERENCE BENCHMARK 1-Month SIBOR
The primary objective of the fund is to generate stable return with capital preservation by actively investing in Shariah-compliant money market and fixed income instruments.
KEY FIGURES
Strategy
NAV per unit: SAR 12.9259
Investment in Murabaha placements with higher short term liquidity. Maintain a diversified base of investment grade rated counterparties. Diversification through investment in high credit quality Sukuks and Shariah Compliant loans and funds to generate excess yield.
Size of the fund: SAR 1.159 Bn Zawya code: SIBTRFN.MF Bloomberg code: SIBTFFD
FUND STATISTICS
ity Fund d
PERFORMANCE (as of 30/06/2015) Fund
Index
Fund
Index
Max Weekly return SI
0.31%
0.10%
Min Weekly return SI
0.00%
0.00%
Fund
Index
0.24 0.83 0.84 0.88 0.15
0.23 0.31 1.00
SI –Since inception
Cumulative (%)
RISK ANALYSIS
1-Week
0.02
0.01
1-Month
0.07
0.04
3-Month
0.23
0.14
Year to Date (Annualized)
0.97
0.55
Since inception (Annualized)
2.15
2.02
Year 2014
1.05
0.64
Year 2013
1.12
0.91
Year 2012
1.03
0.88
FUND PARTICULARS
Year 2011
0.86
0.70
Year 2010
0.60
0.74
Nature of the fund Open Ended
Annual (%)
Information herein and past performance does not guarantee future performance
Annualized Std Deviation Sharpe Ratio Beta Information Ratio Tracking Error Based on weekly data
Inception date July 30, 2003 Subscription/Redemption cut off date Daily – Before 12 noon
BREAKDOWN BY MARKET SECTOR (as of 30/06/2015)
2%
Minimum investment SAR 2,000
Murabaha Deals
14%
Sukuks 26%
Base currency SAR
58%
External Murabaha Funds
Liquidity Daily subscription/redemption Management fee 0.50% p.a. on net asset value Subscription fee Nil Redemption fee Nil
INVESTMENT MANAGER
Cash & Other Items
ALISTITHMAR CAPITAL PO Box 6888 Riyadh 11452 Kingdom of Saudi Arabia Tel: +966-11- 2547666 Fax: +966-11- 4892653 www.alistithmarcapital.com
“Alistithmar Capital is a Saudi registered company having Saudi Commercial Registration No. 101235995, and the CMA license No. 11156-37 and address in the Kingdom of Saudi Arabia P.O.Box 6888 Riyadh 11452.” This report is provided solely for information purpose and dose not constitutes investment advice to buy or sell units in the featured fund. This report has been prepared using data and information gathered from sources believed to be reliable and we make no guarantees or promises and do not carry any responsibility or liability for the accuracy or completeness of that information. Past performance is not necessarily a guide to future performance. The assets of the Fund are subject to a number of risks associated with investing in financial markets in which the fund invests its assets. The investment in the Fund is not a deposit with a local bank and the investor should be aware that the value of the investment units can reduce and rise up at any time. ICAP cannot give any assurance that the Fund's investment strategy will be implemented successfully and there is no guarantee provided to the investor to recover the original amount invested, nor any returns. The investor may refer to a qualified investment advisor to determine the appropriate investment in the Fund. For more information and details about the fund you want to invest in, please refer to the terms and conditions of the relevant Fund and read carefully, including the risk section of the Fund. A copy of the terms and conditions of all our funds is available on our website
11
SAIB Sukuk Fund June 2015
INVESTMENT OBJECTIVE Objective
FUND MANAGER
To generate income and capital appreciation over medium to long term, by investing in a diversified portfolio of GCC based Sukuk issues, Sukuk funds, Murabaha placements and other short-term instruments
BENCHMARK
Strategy
KEY FIGURES
Alistithmar Capital
Maintain a diversified Portfolio in terms of issuer, credit quality and duration, through investment in GCC wide Sukuks. The Fund’s excess cash shall be invested in shortterm liquid instruments and products such as Murabaha trades, low risk funds and other financial instruments. Active management strategy will be employed to adjust the portfolio as a result of changes in many factors including: capital market expectations; spread levels, interest rates, ratings quality and to exploit arbitrage opportunities in the market by employing yield curve plays, sector rotation, duration adjustment etc.
3-month SAIBOR Size of the fund: SAR 25.829 Mn NAV per unit: SAR 106.9073 Zawya code: SIBSUKU.MF
COUNTRY ALLOCATION
FUND MANAGER COMMENT In Our fund, the existing Sukuk portfolio of the Fund consists of quality issuers from the region with 74% of the Sukuk portion are above A- rating. The weighted average trading yield of the Sukuk portfolio is 2.03% while the duration of the Sukuk portfolio is circa 2.78 years with weighted coupon rate around 3.11%. Fund Manager aims to continue to maintain its exposure to High investment grade Sukuks going forward for 2015 with effective strategies to add returns via capital gains for the present coupon return through opportunistic transactions while being aware of duration risk.
PERFORMANCE (as of 30/06/2015 – Absolute %)
Index
Fund % (Absolute)
1 Month
-0.42%
0.09%
3 Month
-0.15%
0.22%
6 Month
0.17%
0.40%
1 Year
0.45%
0.89%
YTD
0.17%
0.40%
FY 2014
1.17%
0.97%
Since Inception (Absolute)
6.91%
3.78%
ISSUERS OF FUND’S TOP HOLDINGS
Information herein and past performance does not guarantee future performance
RATING DISTRIBUTION – SUKUK PORTFOLIO
• Islamic Development Bank • Abu Dhabi Islamic Bank • HSBC MENA • Emaar Mall
“Alistithmar Capital is a Saudi registered company having Saudi Commercial Registration No. 101235995, and the CMA license No. 11156-37 and address in the Kingdom of Saudi Arabia P.O.Box 6888 Riyadh 11452.” This report is provided solely for information purpose and dose not constitutes investment advice to buy or sell units in the featured fund. This report has been prepared using data and information gathered from sources believed to be reliable and we make no guarantees or promises and do not carry any responsibility or liability for the accuracy or completeness of that information. Past performance is not necessarily a guide to future performance. The assets of the Fund are subject to a number of risks associated with investing in financial markets in which the fund invests its assets. The investment in the Fund is not a deposit with a local bank and the investor should be aware that the value of the investment units can reduce and rise up at any time. ICAP cannot give any assurance that the Fund's investment strategy will be implemented successfully and there is no guarantee provided to the investor to recover the original amount invested, nor any returns. The investor may refer to a qualified investment advisor to determine the appropriate investment in the Fund. For more information and details about the fund you want to invest in, please refer to the terms and conditions of the relevant Fund and read carefully, including the risk section of the Fund. A copy of the terms and conditions of all our funds is available on our website
12
BREAKDOWN BY ASSET CLASS
FUND PARTICULARS Nature of the fund Open Ended Inception date April 06, 2011 Subscription/Redemption cut off date Twice Monthly on Tuesday – Before 12 noon KSA Base currency SAR Minimum investment SAR 100,000 Minimum additional subscription and redemption SAR 25,000 Liquidity Twice Monthly subscription/redemption Management fee 1.00 % p.a on net asset value Subscription fee 1.00% max. of subscription amount Custodian and Administrator HSBC Saudi Arabia Limited Redemption fees Nil
INVESTMENT MANAGER ALISTITHMAR CAPITAL PO Box 6888 Riyadh 11452 Kingdom of Saudi Arabia Tel: +966-11- 2547666 Fax: +966-11- 4892653 www.alistithmarcapital.com
“Alistithmar Capital is a Saudi registered company having Saudi Commercial Registration No. 101235995, and the CMA license No. 11156-37 and address in the Kingdom of Saudi Arabia P.O.Box 6888 Riyadh 11452.” This report is provided solely for information purpose and dose not constitutes investment advice to buy or sell units in the featured fund. This report has been prepared using data and information gathered from sources believed to be reliable and we make no guarantees or promises and do not carry any responsibility or liability for the accuracy or completeness of that information. Past performance is not necessarily a guide to future performance. The assets of the Fund are subject to a number of risks associated with investing in financial markets in which the fund invests its assets. The investment in the Fund is not a deposit with a local bank and the investor should be aware that the value of the investment units can reduce and rise up at any time. ICAP cannot give any assurance that the Fund's investment strategy will be implemented successfully and there is no guarantee provided to the investor to recover the original amount invested, nor any returns. The investor may refer to a qualified investment advisor to determine the appropriate investment in the Fund. For more information and details about the fund you want to invest in, please refer to the terms and conditions of the relevant Fund and read carefully, including the risk section of the Fund. A copy of the terms and conditions of all our funds is available on our website
13
Mutual Fund Fact Sheets June 2015
Content Contents
Page No.
1-
SAIB Saudi Equity Fund……………………………………………………………………………………………..
3
2-
SAIB Saudi Companies Fund……..……..……..…………………………………………………………………..
5
3-
SAIB GCC Equity Fund……..……..……..……..……..……..…..…..……..………………………......................
7
4-
SAIB Arab Companies Fund…..……..……..……..……..…..……...……..………………………………………
9
5-
SAIB Trade Finance Fund…..……..……..……..……..…..……..……..……..……………………………………
11
6-
SAIB Sukuk Fund…..……..……..……..……..…..………………………..……..………………………………….
12
SAIB Saudi Equity Fund June 2015 FUND MANAGER
INVESTMENT OBJECTIVE
Alistithmar Capital
Objective Achieving long-term capital growth through diversified exposure to Saudi equities and financial products.
REFERENCE BENCHMARK TASI
KEY FIGURES
Strategy
Size of the fund: SAR 76.927 Mn
Active management through sector allocation and stock picking backed by research.
Combination of top-down and bottom-up approaches.
NAV per unit: SAR 222.2799 Zawya code: SIBKSAE.MF Bloomberg code: SIBSEQY
SECTOR PERFORMANCES SAUDI MARKET (as of 30/06/2015)
FUND MANAGER COMMENT TASI notably underperformed its regional peers in June on multiple factors namely, Ramadan/Summer seasonality, slower foreign inflows following the market-opening for direct participation of QFI and uncertainty around the Greece debt issue. All market sectors ended the month in red, though the retail, Food & Agri and Cement sectors were somewhat resilient. In the global front, Greece was in the spotlight as its disagreements continued over the terms of lenders to secure the next receipt of the bailout. Recent manufacturing data indicated gradual improvement in Europe; however, China continued produce sluggish numbers. US FED delayed the first interest rate hike in its last meeting. Oil price volatility was significantly lower in June amid OPEC decided to keep the supply unchanged in its June meeting.
Performances % TASI Banking Petrochemicals Cement Retail Energy
Volatility of the market was notably lower relative to the previous month. Monthly market turnover recorded 18% drop on MoM basis. Foreign activities in Saudi market through swaps recorded a small net inflow during June. Expected healthy 2Q15 financial performance would support the short term stability, while access to Saudi market through QFI in the coming month would attract foreign participation that would contribute further to the development of the market. However, regional political uncertainty would continue be a major risk factor to monitor.
Agriculture Telecom Insurance Multi Investment Industrial Investment Building & Cons Real estate Transportation
PERFORMANCE (as of 30/06/2015)
Media
Fund
Index
0.32 -4.12 8.08 19.66 8.39
-2.08 -6.87 1.45 9.04 4.06
5.00 34.32 7.32 -5.40 12.49
-2.37 25.50 5.97 -3.06 8.15
Hotel & Tourism
June -6.21 -8.25 -6.19 -3.99 -2.19 -12.37 -3.66 -2.14 -6.97 -3.53 -10.03 -6.75 -5.27 -1.83 -1.43 -6.55
YTD 9.04 8.55 6.96 -1.02 12.06 12.10 -1.19 -9.29 21.24 19.52 26.51 6.47 28.74 41.76 3.78 15.58
Cumulative (%) 1-Week 1-Month 3-Month Year to Date Since inception (Annualized) Annual (%) Year 2014 Year 2013 Year 2012 Year 2011 Year 2010
S TOP HOLDINGS
FUND’S TOP HOLDINGS (as of 31/05/2015) Saudi Dairy & Foodstuff Co. Al Rajhi Bank National Commercial Bank Al Tayyar Travel Group
Information herein and past performance does not guarantee future performance
“Alistithmar Capital is a Saudi registered company having Saudi Commercial Registration No. 101235995, and the CMA license No. 11156-37 and address in the Kingdom of Saudi Arabia P.O.Box 6888 Riyadh 11452.” This report is provided solely for information purpose and dose not constitutes investment advice to buy or sell units in the featured fund. This report has been prepared using data and information gathered from sources believed to be reliable and we make no guarantees or promises and do not carry any responsibility or liability for the accuracy or completeness of that information. Past performance is not necessarily a guide to future performance. The assets of the Fund are subject to a number of risks associated with investing in financial markets in which the fund invests its assets. The investment in the Fund is not a deposit with a local bank and the investor should be aware that the value of the investment units can reduce and rise up at any time. ICAP cannot give any assurance that the Fund's investment strategy will be implemented successfully and there is no guarantee provided to the investor to recover the original amount invested, nor any returns. The investor may refer to a qualified investment advisor to determine the appropriate investment in the Fund. For more information and details about the fund you want to invest in, please refer to the terms and conditions of the relevant Fund and read carefully, including the risk section of the Fund. A copy of the terms and conditions of all our funds is available on our website
3
FUND STATISTICS BREAKDOWN BY MARKET SECTOR (as of 30/06/2015)
Fund Number of holdings
16.92% - Banking 12.85% - Retail 12.25% - Petrochemical 12.10% - Agriculture 9.83% - Cement 8.39% - Industrial Investment 8.23% - Transport 5.73% - Cash 4.92% - Hotel 4.15% - Real estate 3.41% - Multi-investment 1.22% - Insurance 0.00% - Building 0.00% - Energy/Utilities 0.00% - Media 0.00% - Telecom
Index
26
170
Max Weekly return SI
15.74%
14.75%
Min Weekly return SI
-18.10%
-21.21%
Fund
Index
0.25 0.73 0.90 0.96 25.32
0.08
SI –Since Inception
RISK ANALYSIS Sharpe Ratio Information Ratio Beta R squared Annualized Std Deviation
1.00 1.00 27.37
Based on weekly data
FUND PARTICULARS Nature of the fund Open Ended
SECTOR EXPOSURE (as of 30/06/2015)
Inception date July 24, 2004
Compared with the benchmark
Transport
8.23%
Telecom
0.00%
Retail Real estate Petrochemical Multi-investment
Subscription/Redemption cut off date Daily – Before 12 noon 5.83% -4.68%
12.85% 4.15% 12.25%
6.65%
0.00%
Insurance
1.22%
Industrial Investment
8.39%
Hotel
4.92%
Energy/Utilities
0.00%
Cement
9.83%
Building
0.00%
Banking
16.92% -15.14%
Agriculture
12.10%
Minimum investment SAR 10,000 Liquidity Daily subscription/redemption
-4.61%
Management fee 1.75% p.a. on net asset value
-5.45%
3.41%
Media
Base currency SAR
2.33% -0.30%
Subscription fee 1.00% Redemption fees Nil
-1.70% 4.52% 3.24% -1.54% 2.52% -2.37%
INVESTMENT MANAGER ALISTITHMAR CAPITAL PO Box 6888 Riyadh 11452 Kingdom of Saudi Arabia Tel: +966-11- 2547666 Fax: +966-11- 4892653 www.alistithmarcapital.com
4.97%
“Alistithmar Capital is a Saudi registered company having Saudi Commercial Registration No. 101235995, and the CMA license No. 11156-37 and address in the Kingdom of Saudi Arabia P.O.Box 6888 Riyadh 11452.” This report is provided solely for information purpose and dose not constitutes investment advice to buy or sell units in the featured fund. This report has been prepared using data and information gathered from sources believed to be reliable and we make no guarantees or promises and do not carry any responsibility or liability for the accuracy or completeness of that information. Past performance is not necessarily a guide to future performance. The assets of the Fund are subject to a number of risks associated with investing in financial markets in which the fund invests its assets. The investment in the Fund is not a deposit with a local bank and the investor should be aware that the value of the investment units can reduce and rise up at any time. ICAP cannot give any assurance that the Fund's investment strategy will be implemented successfully and there is no guarantee provided to the investor to recover the original amount invested, nor any returns. The investor may refer to a qualified investment advisor to determine the appropriate investment in the Fund. For more information and details about the fund you want to invest in, please refer to the terms and conditions of the relevant Fund and read carefully, including the risk section of the Fund. A copy of the terms and conditions of all our funds is available on our website
4
SAIB Saudi Companies Fund (Shariah Compliant) June 2015 INVESTMENT OBJECTIVE
FUND MANAGER Alistithmar Capital
Objective Achieving long-term capital growth through diversified exposure to Shariah compliant Saudi equities and financial products.
REFERENCE BENCHMARK
Strategy
KEY FIGURES
S&P Saudi Arabia Shariah Index Size of the fund: SAR 56.658Mn
Active management through sector allocation and stock picking backed by research.
Combination of top-down and bottom-up approaches.
NAV per unit: SAR 132.3406 Zawya code: SIBCOMP.MF Bloomberg code: SIBSCOM
FUND MANAGER COMMENT TASI notably underperformed its regional peers in June on multiple factors namely, Ramadan/Summer seasonality, slower foreign inflows following the market-opening for direct participation of QFI and uncertainty around the Greece debt issue. All market sectors ended the month in red, though the retail, Food & Agri and Cement sectors were somewhat resilient. In the global front, Greece was in the spotlight as its disagreements continued over the terms of lenders to secure the next receipt of the bailout. Recent manufacturing data indicated gradual improvement in Europe; however, China continued produce sluggish numbers. US FED delayed the first interest rate hike in its last meeting. Oil price volatility was significantly lower in June amid OPEC decided to keep the supply unchanged in its June meeting. Volatility of the market was notably lower relative to the previous month. Monthly market turnover recorded 18% drop on MoM basis. Foreign activities in Saudi market through swaps recorded a small net inflow during June.
SECTOR PERFORMANCES SAUDI MARKET (as of 30/06/2015) Performances % TASI Banking Petrochemicals Cement Retail Energy Agriculture Telecom
Expected healthy 2Q15 financial performance would support the short term stability, while access to Saudi market through QFI in the coming month would attract foreign participation that would contribute further to the development of the market. However, regional political uncertainty would continue be a major risk factor to monitor.
Insurance Multi Investment Industrial Investment Building & Cons Real estate
PERFORMANCE (as of 30/06/2015)
Transportation
Fund
Index
1 Week 1 Month 3 Month Year to Date Since inception (Annualized)
Media Hotel & Tourism
Cumulative (%)
-0.02 -4.31 8.84 22.45 2.96
-2.21 -6.22 3.05 8.48 -2.39
-0.03 33.21 14.29 -2.63 13.14
-7.91 23.33 7.81 -1.68 9.10
June -6.21 -8.25 -6.19 -3.99 -2.19 -12.37 -3.66 -2.14 -6.97 -3.53 -10.03 -6.75 -5.27 -1.83 -1.43 -6.55
YTD 9.04 8.55 6.96 -1.02 12.06 12.10 -1.19 -9.29 21.24 19.52 26.51 6.47 28.74 41.76 3.78 15.58
FUND’S TOP HOLDINGS (as of 31/05/2015) Al Rajhi Bank SABIC
Annual (%) Year 2014 Year 2013 Year 2012 Year 2011 Year 2010
Saudi Dairy & Foodstuff Co. Al Tayyar Travel Group
Information herein and past performance does not guarantee future performance
“Alistithmar Capital is a Saudi registered company having Saudi Commercial Registration No. 101235995, and the CMA license No. 11156-37 and address in the Kingdom of Saudi Arabia P.O.Box 6888 Riyadh 11452.” This report is provided solely for information purpose and dose not constitutes investment advice to buy or sell units in the featured fund. This report has been prepared using data and information gathered from sources believed to be reliable and we make no guarantees or promises and do not carry any responsibility or liability for the accuracy or completeness of that information. Past performance is not necessarily a guide to future performance. The assets of the Fund are subject to a number of risks associated with investing in financial markets in which the fund invests its assets. The investment in the Fund is not a deposit with a local bank and the investor should be aware that the value of the investment units can reduce and rise up at any time. ICAP cannot give any assurance that the Fund's investment strategy will be implemented successfully and there is no guarantee provided to the investor to recover the original amount invested, nor any returns. The investor may refer to a qualified investment advisor to determine the appropriate investment in the Fund. For more information and details about the fund you want to invest in, please refer to the terms and conditions of the relevant Fund and read carefully, including the risk section of the Fund. A copy of the terms and conditions of all our funds is available on our website
5
FUND STATISTICS BREAKDOWN BY MARKET SECTOR (as of 30/06/2015) Number of holdings 28.20% - Banking 12.55% - Agriculture 10.82% - Petrochemical 9.35% - Retail 7.71% - Transport 5.49% - Cement 5.45% - Multi-investment 5.24% - Industrial Investment 4.86% - Hotel 4.39% - Real estate 3.87% - Cash 2.07% - Insurance 0.00% - Building 0.00% - Energy/Utilities 0.00% - Media 0.00% - Telecom
Max Weekly return SI Min Weekly return SI
Fund
Index
32 14.66% -19.73%
121 16.90% -23.85%
Fund
Index
0.04 1.02 0.92 0.97 27.17
-0.15
SI –Since Inception
RISK ANALYSIS Sharpe Ratio Information Ratio Beta R squared Annualized Std Deviation
1.00 1.00 29.12
Based on weekly data
FUND PARTICULARS Nature of the fund Open Ended
SECTOR EXPOSURE (as of 30/06/2015)
Inception date April 23, 2005
Compared with the benchmark
Transport
7.71%
Telecom
0.00%
Retail
9.35%
Real estate
4.39%
Petrochemical
10.82%
6.64%
Subscription/Redemption cut off date Daily – Before 12 noon Base currency SAR
-7.39% 1.92% 0.88%
Minimum investment SAR 10,000 Liquidity Daily subscription/redemption
-12.75%
Management fee 1.75% p.a. on net asset value
Multi-investment
5.45%
Media
0.00%
-0.43%
Subscription fee 1.00%
Insurance
2.07%
-0.07%
Industrial Investment
5.24%
Redemption fees Nil
Hotel
4.86%
Energy/Utilities
0.00%
Cement
5.49%
Building
0.00%
Banking
28.20%
Agriculture
12.55%
4.55%
-0.53% 2.22% -2.73% -5.46% -2.27% 8.36%
INVESTMENT MANAGER ALISTITHMAR CAPITAL PO Box 6888 Riyadh 11452 Kingdom of Saudi Arabia Tel: +966-11- 2547666 Fax: +966-11- 4892653 www.alistithmarcapital.com
3.19%
“Alistithmar Capital is a Saudi registered company having Saudi Commercial Registration No. 101235995, and the CMA license No. 11156-37 and address in the Kingdom of Saudi Arabia P.O.Box 6888 Riyadh 11452.” This report is provided solely for information purpose and dose not constitutes investment advice to buy or sell units in the featured fund. This report has been prepared using data and information gathered from sources believed to be reliable and we make no guarantees or promises and do not carry any responsibility or liability for the accuracy or completeness of that information. Past performance is not necessarily a guide to future performance. The assets of the Fund are subject to a number of risks associated with investing in financial markets in which the fund invests its assets. The investment in the Fund is not a deposit with a local bank and the investor should be aware that the value of the investment units can reduce and rise up at any time. ICAP cannot give any assurance that the Fund's investment strategy will be implemented successfully and there is no guarantee provided to the investor to recover the original amount invested, nor any returns. The investor may refer to a qualified investment advisor to determine the appropriate investment in the Fund. For more information and details about the fund you want to invest in, please refer to the terms and conditions of the relevant Fund and read carefully, including the risk section of the Fund. A copy of the terms and conditions of all our funds is available on our website
6
SAIB GCC Equity Fund June 2015 FUND MANAGER
INVESTMENT OBJECTIVE
Alistithmar Capital
Objective Achieving long-term capital growth through diversified exposure to GCC equities and money market.
S&P GCC Composite Price Index (USD)
KEY FIGURES
Strategy
REFERENCE BENCHMARK
Size of the fund: USD 78.497 Mn
Active management through country and sector allocation and stock picking backed by research.
NAV per unit: USD 243.3239
Combination of top-down and bottom-up approaches.
Bloomberg code: SIBGULF
FUND MANAGER COMMENT
Zawya code: SIBGCCE.MF
COUNTRY ALLOCATION
TASI notably underperformed its regional peers in June on multiple factors namely, Ramadan/Summer seasonality, slower foreign inflows following the market-opening for direct participation of QFI and uncertainty around the Greece debt issue. Bucking the trend, UAE markets gained more than 4% during the month as a strong performance of Amlak created fresh speculative investor interests in the markets. In the global front, Greece was in the spotlight as its disagreements continued over the terms of lenders to secure the next receipt of the bailout. Recent manufacturing data indicated gradual improvement in Europe; however, China continued produce sluggish numbers. US FED delayed the first interest rate hike in its last meeting. Oil price volatility was significantly lower in June amid OPEC decided to keep the supply unchanged in its June meeting.
(as of 29/06/2015)
Volatility of UAE and Saudi markets increased relative to the levels recorded in previous month; while other markets exhibited lower volatility. Except Dubai, monthly market turnover was lower on MoM basis due to Ramadan/Summer seasonal slowness in market activities. Stability in oil prices and improvement in global market conditions are among the key catalyst for the strong long-term returns in GCC markets. Expected healthy 2Q15 financial performance would support the short term stability. Continuous effort to liberalize markets would attract foreign participation in regional markets. However, regional political uncertainty would continue be a major risk factor to monitor.
69.64% - Saudi 2.88% - Kuwait 9.85% - Qatar
PERFORMANCE (as of 29/06/2015)
12.06% - UAE
Fund
Index
0.32% - Oman
-0.47 -2.74 10.02 13.06 8.63
-1.99 -4.56 2.70 3.15 3.85
5.25% - Cash
9.37 35.28 8.62 -5.43 18.25
-2.21 24.63 3.46 -8.37 13.77
Cumulative (%) 1-Week 1-Month 3-Month Year to Date Since inception (Annualized) Annual (%) Year 2014 Year 2013 Year 2012 Year 2011 Year 2010
FUND’S TOP HOLDINGS (as of 27/05/2015) Al Rajhi Bank Alinma Bank Saudi Arabian Mining Co-Ma'aden Qatar National Bank
Benchmark of the fund until 2008 – Shuaa GCC Index "As MSCI has discontinued providing indices including Saudi Arabia effective Sep 01, 2010, the fund has switched to S&P GCC index" Information herein and past performance does not guarantee future performance
“Alistithmar Capital is a Saudi registered company having Saudi Commercial Registration No. 101235995, and the CMA license No. 11156-37 and address in the Kingdom of Saudi Arabia P.O.Box 6888 Riyadh 11452.” This report is provided solely for information purpose and dose not constitutes investment advice to buy or sell units in the featured fund. This report has been prepared using data and information gathered from sources believed to be reliable and we make no guarantees or promises and do not carry any responsibility or liability for the accuracy or completeness of that information. Past performance is not necessarily a guide to future performance. The assets of the Fund are subject to a number of risks associated with investing in financial markets in which the fund invests its assets. The investment in the Fund is not a deposit with a local bank and the investor should be aware that the value of the investment units can reduce and rise up at any time. ICAP cannot give any assurance that the Fund's investment strategy will be implemented successfully and there is no guarantee provided to the investor to recover the original amount invested, nor any returns. The investor may refer to a qualified investment advisor to determine the appropriate investment in the Fund. For more information and details about the fund you want to invest in, please refer to the terms and conditions of the relevant Fund and read carefully, including the risk section of the Fund. A copy of the terms and conditions of all our funds is available on our website
7
FUND STATISTICS
BREAKDOWN BY MARKET SECTOR (as of 29/06/2015)
Fund Number of holdings
41.92% - Financials 20.49% - Materials 10.46% - Industrials
Index
41
293
Max Weekly return SI
13.10%
13.51%
Min Weekly return SI
-14.76%
-16.23%
Fund
Index
0.33 0.67 0.86 0.90 20.55
0.09
SI –Since Inception
9.26% - Consumer Discretionary
RISK ANALYSIS
6.17% - Consumer Staples 5.25% - Cash
Sharpe Ratio Information Ratio Beta R squared Annualized Std Deviation
2.39% - Energy 2.09% - Health Care 1.97% - Utilities
1.00 1.00 22.68
Based on weekly data
0.00% - Telecom
FUND PARTICULARS Nature of the fund Open Ended
SECTOR EXPOSURE (as of 29/06/2015) Compared with the benchmark
Inception date July 24, 2004
Information Technology
0.00%
0.00%
Utilities
1.97%
0.02%
Telecom
0.00% -6.98%
Materials
20.49%
Industrials
10.46%
Health Care
2.09%
Financials
Subscription/Redemption cut off date Tuesday & Sunday – Before 12 noon Base currency USD Minimum investment USD 5,000
0.45%
Liquidity Twice Weekly subscription/redemption
1.95% 1.05%
Management fee 1.75% p.a. on net asset value
41.92% -9.13%
Energy
2.39%
Consumer Staples
6.17%
Consumer Discretionary
9.26%
Subscription fee 1.00%
0.86%
Redemption fees Nil
1.83% 5.81%
INVESTMENT MANAGER GCC MARKET STATISTICS Return (%)
Std Deviation (%)
Value traded ($Mn)
Jun-15
YTD
May-15
Jun-15
Jun-15
MoM (%)
Saudi
-6.21
9.04
9.05
12.29
29,581
-31.69
Abu Dhabi
4.32
4.29
10.45
14.41
1,117
-15.38
Dubai
4.17
8.29
15.39
19.42
4,304
47.38
Kuwait
-0.45
-4.32
4.60
6.13
1,060
-2.75
Qatar
1.27
-0.69
14.74
10.19
1,692
-46.09
Oman
0.58
1.28
4.37
3.34
156
-6.65
Bahrain
0.31
-4.12
4.40
2.87
19
-54.25
S&P GCC
-3.51
3.69
5.96
8.66
34,797
-27.03
ALISTITHMAR CAPITAL PO Box 6888 Riyadh 11452 Kingdom of Saudi Arabia Tel: +966-11- 2547666 Fax: +966-11- 4892653 www.alistithmarcapital.com
“Alistithmar Capital is a Saudi registered company having Saudi Commercial Registration No. 101235995, and the CMA license No. 11156-37 and address in the Kingdom of Saudi Arabia P.O.Box 6888 Riyadh 11452.” This report is provided solely for information purpose and dose not constitutes investment advice to buy or sell units in the featured fund. This report has been prepared using data and information gathered from sources believed to be reliable and we make no guarantees or promises and do not carry any responsibility or liability for the accuracy or completeness of that information. Past performance is not necessarily a guide to future performance. The assets of the Fund are subject to a number of risks associated with investing in financial markets in which the fund invests its assets. The investment in the Fund is not a deposit with a local bank and the investor should be aware that the value of the investment units can reduce and rise up at any time. ICAP cannot give any assurance that the Fund's investment strategy will be implemented successfully and there is no guarantee provided to the investor to recover the original amount invested, nor any returns. The investor may refer to a qualified investment advisor to determine the appropriate investment in the Fund. For more information and details about the fund you want to invest in, please refer to the terms and conditions of the relevant Fund and read carefully, including the risk section of the Fund. A copy of the terms and conditions of all our funds is available on our website
8
SAIB Arab Companies Fund (Shariah Compliant) June 2015
FUND MANAGER
INVESTMENT OBJECTIVE
Alistithmar Capital
Objective REFERENCE BENCHMARK Achieving long-term capital growth through diversified exposure to Shariah compliant - GCC equities and financial products.
S&P Pan Arab Composite Shariah Index
Strategy
Size of the fund: USD 4.383 Mn
KEY FIGURES NAV per unit: USD 108.5604
Active management through country and sector allocation and stock picking backed by research.
Zawya code: SIBGLFC.MF Bloomberg code: SIBGCOM
Combination of top-down and bottom-up approaches.
COUNTRY ALLOCATION
FUND MANAGER COMMENT
(as of 29/06/2015)
TASI notably underperformed its regional peers in June on multiple factors namely, Ramadan/Summer seasonality, slower foreign inflows following the market-opening for direct participation of QFI and uncertainty around the Greece debt issue. Bucking the trend, UAE markets gained more than 4% during the month as a strong performance of Amlak created fresh speculative investor interests in the markets. In the global front, Greece was in the spotlight as its disagreements continued over the terms of lenders to secure the next receipt of the bailout. Recent manufacturing data indicated gradual improvement in Europe; however, China continued produce sluggish numbers. US FED delayed the first interest rate hike in its last meeting. Oil price volatility was significantly lower in June amid OPEC decided to keep the supply unchanged in its June meeting. Volatility of UAE and Saudi markets increased relative to the levels recorded in previous month; while other markets exhibited lower volatility. Except Dubai, monthly market turnover was lower on MoM basis due to Ramadan/Summer seasonal slowness in market activities. Stability in oil prices and improvement in global market conditions are among the key catalyst for the strong long-term returns in GCC markets. Expected healthy 2Q15 financial performance would support the short term stability. Continuous effort to liberalize markets would attract foreign participation in regional markets. However, regional political uncertainty would continue be a major risk factor to monitor.
72.76% - Saudi 10.11% - Qatar 2.33% - Kuwait
PERFORMANCE
(as of 29/06/2015)
8.86% - UAE
Fund
Index
‐0.62 ‐3.31 9.85 14.30 0.95
‐2.18 ‐5.01 3.22 4.76 ‐4.55
5.76 28.25 9.83 ‐5.93 14.21
‐5.45 21.00 4.64 ‐9.83 11.31
5.94% - Cash
Cumulative (%) 1 Week 1 Month 3 Month Year to Date Since inception (Annualized)
FUND’S TOP HOLDINGS (as of 27/05/2015) SABIC Saudi Arabian Mining Co-Ma'aden
Annual (%) Year 2014 Year 2013 Year 2012 Year 2011 Year 2010
Al Rajhi Bank Alinma Bank
Information herein and past performance does not guarantee future performance
“Alistithmar Capital is a Saudi registered company having Saudi Commercial Registration No. 101235995, and the CMA license No. 11156-37 and address in the Kingdom of Saudi Arabia P.O.Box 6888 Riyadh 11452.” This report is provided solely for information purpose and dose not constitutes investment advice to buy or sell units in the featured fund. This report has been prepared using data and information gathered from sources believed to be reliable and we make no guarantees or promises and do not carry any responsibility or liability for the accuracy or completeness of that information. Past performance is not necessarily a guide to future performance. The assets of the Fund are subject to a number of risks associated with investing in financial markets in which the fund invests its assets. The investment in the Fund is not a deposit with a local bank and the investor should be aware that the value of the investment units can reduce and rise up at any time. ICAP cannot give any assurance that the Fund's investment strategy will be implemented successfully and there is no guarantee provided to the investor to recover the original amount invested, nor any returns. The investor may refer to a qualified investment advisor to determine the appropriate investment in the Fund. For more information and details about the fund you want to invest in, please refer to the terms and conditions of the relevant Fund and read carefully, including the risk section of the Fund. A copy of the terms and conditions of all our funds is available on our website
9
BREAKDOWN BY MARKET SECTOR
FUND STATISTICS (as of 29/06/2015) Number of holdings
30.23% - Financials
Max Weekly return SI
24.86% - Materials
Min Weekly return SI
Fund
Index
32 13.14% ‐17.11%
218 14.09% ‐15.70%
Fund
Index
‐0.04 0.32 1.01 0.95 22.16
‐0.27
SI –Since Inception
13.00% - Industrials 12.99% - Consumer Discretionary 7.64% - Consumer Staples
RISK ANALYSIS
5.94% - Cash
Sharpe Ratio
3.15% - Energy
Information Ratio
2.19% - Health Care
Beta
0.00% - Telecom
R squared Annualized Std Deviation
0.00% - Utilities
1.00 1.00 23.70
Based on weekly data
0.00% - Information Technology
FUND PARTICULARS SECTOR EXPOSURE
Nature of the fund Open Ended
(as of 29/06/2015)
Compared with the benchmark
Inception date April 23, 2005
Information Technology
0.00%
Utilities
0.00%
Telecom
0.00%
Materials
24.86%
Industrials
13.00%
Health Care
2.19%
Financials
30.23%
Energy
3.15%
Consumer Staples
7.64%
Consumer Discretionary
Subscription/Redemption cut off date Tuesday & Sunday – Before 12 noon
0.00 % -2.04 %
Base currency USD
-10.79 %
Minimum investment USD 5,000
-4.78 % 4.75 % 0.55 %
Management fee 1.75% p.a. on net asset value
-4.09 % 2.64 %
Subscription fee 1.00% Redemption fees Nil
0.22 %
12.99%
Liquidity Twice Weekly subscription/redemption
7.61 %
INVESTMENT MANAGER GCC MARKET STATISTICS Return (%)
Std Deviation (%)
Value traded ($Mn)
Jun-15
YTD
May-15
Jun-15
Jun-15
MoM (%)
Saudi
-6.21
9.04
9.05
12.29
29,581
-31.69
Abu Dhabi
4.32
4.29
10.45
14.41
1,117
-15.38
Dubai
4.17
8.29
15.39
19.42
4,304
47.38
Kuwait
-0.45
-4.32
4.60
6.13
1,060
-2.75
Qatar
1.27
-0.69
14.74
10.19
1,692
-46.09
Oman
0.58
1.28
4.37
3.34
156
-6.65
Bahrain
0.31
-4.12
4.40
2.87
19
-54.25
S&P GCC
-3.51
3.69
5.96
8.66
34,797
-27.03
ALISTITHMAR CAPITAL PO Box 6888 Riyadh 11452 Kingdom of Saudi Arabia Tel: +966-11- 2547666 Fax: +966-11- 4892653 www.alistithmarcapital.com
“Alistithmar Capital is a Saudi registered company having Saudi Commercial Registration No. 101235995, and the CMA license No. 11156-37 and address in the Kingdom of Saudi Arabia P.O.Box 6888 Riyadh 11452.” This report is provided solely for information purpose and dose not constitutes investment advice to buy or sell units in the featured fund. This report has been prepared using data and information gathered from sources believed to be reliable and we make no guarantees or promises and do not carry any responsibility or liability for the accuracy or completeness of that information. Past performance is not necessarily a guide to future performance. The assets of the Fund are subject to a number of risks associated with investing in financial markets in which the fund invests its assets. The investment in the Fund is not a deposit with a local bank and the investor should be aware that the value of the investment units can reduce and rise up at any time. ICAP cannot give any assurance that the Fund's investment strategy will be implemented successfully and there is no guarantee provided to the investor to recover the original amount invested, nor any returns. The investor may refer to a qualified investment advisor to determine the appropriate investment in the Fund. For more information and details about the fund you want to invest in, please refer to the terms and conditions of the relevant Fund and read carefully, including the risk section of the Fund. A copy of the terms and conditions of all our funds is available on our website
10
SAIB Trade Finance Fund (Shariah Compliant) June 2015 FUND MANAGER Alistithmar Capital
INVESTMENT OBJECTIVE Objective
REFERENCE BENCHMARK 1-Month SIBOR
The primary objective of the fund is to generate stable return with capital preservation by actively investing in Shariah-compliant money market and fixed income instruments.
KEY FIGURES
Strategy
NAV per unit: SAR 12.9259
Investment in Murabaha placements with higher short term liquidity. Maintain a diversified base of investment grade rated counterparties. Diversification through investment in high credit quality Sukuks and Shariah Compliant loans and funds to generate excess yield.
Size of the fund: SAR 1.159 Bn Zawya code: SIBTRFN.MF Bloomberg code: SIBTFFD
FUND STATISTICS
ity Fund d
PERFORMANCE (as of 30/06/2015) Fund
Index
Fund
Index
Max Weekly return SI
0.31%
0.10%
Min Weekly return SI
0.00%
0.00%
Fund
Index
0.24 0.83 0.84 0.88 0.15
0.23 0.31 1.00
SI –Since inception
Cumulative (%)
RISK ANALYSIS
1-Week
0.02
0.01
1-Month
0.07
0.04
3-Month
0.23
0.14
Year to Date (Annualized)
0.97
0.55
Since inception (Annualized)
2.15
2.02
Year 2014
1.05
0.64
Year 2013
1.12
0.91
Year 2012
1.03
0.88
FUND PARTICULARS
Year 2011
0.86
0.70
Year 2010
0.60
0.74
Nature of the fund Open Ended
Annual (%)
Information herein and past performance does not guarantee future performance
Annualized Std Deviation Sharpe Ratio Beta Information Ratio Tracking Error Based on weekly data
Inception date July 30, 2003 Subscription/Redemption cut off date Daily – Before 12 noon
BREAKDOWN BY MARKET SECTOR (as of 30/06/2015)
2%
Minimum investment SAR 2,000
Murabaha Deals
14%
Sukuks 26%
Base currency SAR
58%
External Murabaha Funds
Liquidity Daily subscription/redemption Management fee 0.50% p.a. on net asset value Subscription fee Nil Redemption fee Nil
INVESTMENT MANAGER
Cash & Other Items
ALISTITHMAR CAPITAL PO Box 6888 Riyadh 11452 Kingdom of Saudi Arabia Tel: +966-11- 2547666 Fax: +966-11- 4892653 www.alistithmarcapital.com
“Alistithmar Capital is a Saudi registered company having Saudi Commercial Registration No. 101235995, and the CMA license No. 11156-37 and address in the Kingdom of Saudi Arabia P.O.Box 6888 Riyadh 11452.” This report is provided solely for information purpose and dose not constitutes investment advice to buy or sell units in the featured fund. This report has been prepared using data and information gathered from sources believed to be reliable and we make no guarantees or promises and do not carry any responsibility or liability for the accuracy or completeness of that information. Past performance is not necessarily a guide to future performance. The assets of the Fund are subject to a number of risks associated with investing in financial markets in which the fund invests its assets. The investment in the Fund is not a deposit with a local bank and the investor should be aware that the value of the investment units can reduce and rise up at any time. ICAP cannot give any assurance that the Fund's investment strategy will be implemented successfully and there is no guarantee provided to the investor to recover the original amount invested, nor any returns. The investor may refer to a qualified investment advisor to determine the appropriate investment in the Fund. For more information and details about the fund you want to invest in, please refer to the terms and conditions of the relevant Fund and read carefully, including the risk section of the Fund. A copy of the terms and conditions of all our funds is available on our website
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SAIB Sukuk Fund June 2015
INVESTMENT OBJECTIVE Objective
FUND MANAGER
To generate income and capital appreciation over medium to long term, by investing in a diversified portfolio of GCC based Sukuk issues, Sukuk funds, Murabaha placements and other short-term instruments
BENCHMARK
Strategy
KEY FIGURES
Alistithmar Capital
Maintain a diversified Portfolio in terms of issuer, credit quality and duration, through investment in GCC wide Sukuks. The Fund’s excess cash shall be invested in shortterm liquid instruments and products such as Murabaha trades, low risk funds and other financial instruments. Active management strategy will be employed to adjust the portfolio as a result of changes in many factors including: capital market expectations; spread levels, interest rates, ratings quality and to exploit arbitrage opportunities in the market by employing yield curve plays, sector rotation, duration adjustment etc.
3-month SAIBOR Size of the fund: SAR 25.829 Mn NAV per unit: SAR 106.9073 Zawya code: SIBSUKU.MF
COUNTRY ALLOCATION
FUND MANAGER COMMENT In Our fund, the existing Sukuk portfolio of the Fund consists of quality issuers from the region with 74% of the Sukuk portion are above A- rating. The weighted average trading yield of the Sukuk portfolio is 2.03% while the duration of the Sukuk portfolio is circa 2.78 years with weighted coupon rate around 3.11%. Fund Manager aims to continue to maintain its exposure to High investment grade Sukuks going forward for 2015 with effective strategies to add returns via capital gains for the present coupon return through opportunistic transactions while being aware of duration risk.
PERFORMANCE (as of 30/06/2015 – Absolute %)
Index
Fund % (Absolute)
1 Month
-0.42%
0.09%
3 Month
-0.15%
0.22%
6 Month
0.17%
0.40%
1 Year
0.45%
0.89%
YTD
0.17%
0.40%
FY 2014
1.17%
0.97%
Since Inception (Absolute)
6.91%
3.78%
ISSUERS OF FUND’S TOP HOLDINGS
Information herein and past performance does not guarantee future performance
RATING DISTRIBUTION – SUKUK PORTFOLIO
• Islamic Development Bank • Abu Dhabi Islamic Bank • HSBC MENA • Emaar Mall
“Alistithmar Capital is a Saudi registered company having Saudi Commercial Registration No. 101235995, and the CMA license No. 11156-37 and address in the Kingdom of Saudi Arabia P.O.Box 6888 Riyadh 11452.” This report is provided solely for information purpose and dose not constitutes investment advice to buy or sell units in the featured fund. This report has been prepared using data and information gathered from sources believed to be reliable and we make no guarantees or promises and do not carry any responsibility or liability for the accuracy or completeness of that information. Past performance is not necessarily a guide to future performance. The assets of the Fund are subject to a number of risks associated with investing in financial markets in which the fund invests its assets. The investment in the Fund is not a deposit with a local bank and the investor should be aware that the value of the investment units can reduce and rise up at any time. ICAP cannot give any assurance that the Fund's investment strategy will be implemented successfully and there is no guarantee provided to the investor to recover the original amount invested, nor any returns. The investor may refer to a qualified investment advisor to determine the appropriate investment in the Fund. For more information and details about the fund you want to invest in, please refer to the terms and conditions of the relevant Fund and read carefully, including the risk section of the Fund. A copy of the terms and conditions of all our funds is available on our website
12
BREAKDOWN BY ASSET CLASS
FUND PARTICULARS Nature of the fund Open Ended Inception date April 06, 2011 Subscription/Redemption cut off date Twice Monthly on Tuesday – Before 12 noon KSA Base currency SAR Minimum investment SAR 100,000 Minimum additional subscription and redemption SAR 25,000 Liquidity Twice Monthly subscription/redemption Management fee 1.00 % p.a on net asset value Subscription fee 1.00% max. of subscription amount Custodian and Administrator HSBC Saudi Arabia Limited Redemption fees Nil
INVESTMENT MANAGER ALISTITHMAR CAPITAL PO Box 6888 Riyadh 11452 Kingdom of Saudi Arabia Tel: +966-11- 2547666 Fax: +966-11- 4892653 www.alistithmarcapital.com
“Alistithmar Capital is a Saudi registered company having Saudi Commercial Registration No. 101235995, and the CMA license No. 11156-37 and address in the Kingdom of Saudi Arabia P.O.Box 6888 Riyadh 11452.” This report is provided solely for information purpose and dose not constitutes investment advice to buy or sell units in the featured fund. This report has been prepared using data and information gathered from sources believed to be reliable and we make no guarantees or promises and do not carry any responsibility or liability for the accuracy or completeness of that information. Past performance is not necessarily a guide to future performance. The assets of the Fund are subject to a number of risks associated with investing in financial markets in which the fund invests its assets. The investment in the Fund is not a deposit with a local bank and the investor should be aware that the value of the investment units can reduce and rise up at any time. ICAP cannot give any assurance that the Fund's investment strategy will be implemented successfully and there is no guarantee provided to the investor to recover the original amount invested, nor any returns. The investor may refer to a qualified investment advisor to determine the appropriate investment in the Fund. For more information and details about the fund you want to invest in, please refer to the terms and conditions of the relevant Fund and read carefully, including the risk section of the Fund. A copy of the terms and conditions of all our funds is available on our website
13
