Approved By CMA on 9th December 2015

Risk Profile: High Fund Currency: SAR Unit Price Inception: SAR 1,000

FUND OBJECTIVE

Wasatah Saudi Equity Fund is a shariah compliant open-ended investment fund that aims to achieve mid and long-term appreciation and provide its investors with returns in excess of the benchmark. The fund shall invest in stock listed on the Saudi Stock Exchange, including IPO, right issues and rump offerings, other similar strategy equity funds and IPO funds. Fund reinvests all realized capital gains and/or any investment income and shall not make any dividend distributions to its unit holders..

INVESTMENT STRATEGY

  • Fund shall invest in stock listed on the Saudi Stock Market.
  • Fund can invest in IPOS, right issues and rump offerings.
  • Fund shall invest in other similar strategy equity fund and IPO funds.
  • Fund shall look for fundamentally good investment opportunities having attractive risk-return profile.
  • The Fund may also, invest in shariah-compliant REITs and stocks listed on Nomu Market.
  • • Fund may also, from time to time, invest in short-term Islamic money market instruments.
 
FUND INFORMATION *
Fund’s Currency SAR
Risk Profile High
Inception Date 01/02/2016
Fund Type Open Ended Public Fund
Subscription & Redemption Twice a week
Fund Manager Wasatah Capital
Custodian Albilad Capital
Regulator Capital Market Authority
Auditors BDO
Sharia’h Advisors Sharia’h Review Bureau
Benchmark Ideal Ratings Saudi Islamic Index
FEE STRUCTURE *
Subscription Fee 1.00% of Subscription
Management Fee 1.25% per annum
Administration & Custody Fee Up to 0.80% per annum
Redemption Fees Not applicable
Other Fees Refer to Terms & Conditions
SUBSCRIPTION & REDEMPTION INFORMATION *
Min Initial Participation SAR 10,000/-
Min Additional Participation SAR 5,000/-
Min Required Balance SAR 10,000/-
Dealing Days Monday & Wednesday
Valuation Day Every business Day

* Refer to Fund Terms & Conditions for detailed Fund Information, Fees and Expenses and other information

 

Quarterly Information - Wasatah Saudi Equity Fund as the end of 3rd Quarter 2018.


Top Holdings as of first day of the quarter  
Rank Name Holding Holding Value
(in million SR)
 
1 Saudi Basic Industries 11.21% 0.95  
2 Saudi International Petrochemical 9.66% 0.81  
3 Al Rajhi Bank 8.98% 0.76  
4 Alinma Bank 8.92% 0.75  
5 Jarir Marketing 6.98% 0.59  
6 Al Jazira  Bank 5.79% 0.49  
7 STC 5.34% 0.45  
8 Saudi Chemical Co. 5.12% 043  
9 Mouwasat Medical Services 5.02% 0.42  
10 National Industrialization 5.02% 0.42  
         
Fees and Expenses  
% of total fees and charges of the quarter to the average of the net assets value of the fund.     0.84%
The amount and percentage of the quarter’s dealing expenses to the public fund’s average net assets value.     0.04%
         
Fund Manager's Investment in the fund as the end of the Quarter  
Fund Name Name Holding Holding Value
(in million SR)
 
Wasatah Saudi Equity Fund Wasatah Capital 78.85% 5.93  
         
Standards and index to measures the risks    
  Fund Benchmark    
Standard Deviaton 8.87% 9.24%    
Beta 0.85 1    
         
  Fund’s performance standards and index.
  Performance Since Inception YTD This Month This Quarter
Wasatah Saudi Equity Fund 18.55 11.02 -2.13 11.02
Benchmark - IDEALRATING Saudi Index 42.35 9.07 0.52 9.07
         
Return on investment in the fund
  Since Inception 18.55
  For 3 Years N/A
  For 5 Years N/A
  For 10 Years N/A
Amount and % distributed profit in the quarter.
  None
Percentage of borrowings to the fund’s net assets value at the end of the quarter.
  None

 
 
 
 
WASATAH CAPITAL
Olaya Main Street
P.O. Box 50315, Riyadh 11523
Kingdom of Saudi Arabia
Tel: +966 11 494 4067
Fax: +966 11 494 4205
Website: www.wasatah.com.sa

Wasatah Saudi Equity Fund @