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 It is an open-ended investment fund that is compliant with Shariah Standard. It aims to develop capital in the medium and long term by investing in shares of companies listed on the Saudi stock market that comply with Shariah Standard. The fund invests in shares of companies listed in the Saudi stock market. Tadawul” and in the parallel market “Nomu.” The fund may also invest in each of the initial offerings and the priority rights that are tradable in the Saudi market, including the remaining priority rights, in addition to investing in local stock funds, including the initial public offering funds licensed by the Capital Market Authority, whether they are managed by the fund manager himself or another manager. Also, the fund may invest in units of real estate funds (REITs) and exchange-traded funds, taking into account that all investments are in compliance with Shariah Standard and within the permissible investment range. According to what was mentioned in the terms and conditions of the fund, the fund will not distribute any cash or capital profits to the subscribers and the distributed profits will be reinvested in the fund.

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 *
Currency of the Fund SAR
Level of Risk High
Fund Start Date 01/02/2016
Unit Price Upon Offering  1,000.00 SAR
Size of the fund  8,644,224.11 SAR
Type of Fund 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
The number of days of the weighted average 62
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

 

Fund information as at the end of the relevant quarter 30 June 2021


Fund Manager’s comment
The fund started in 2021 with a net asset value of 9.93 million SAR, and a net asset value of the unit to 1,372.0612 SAR, and at the end of the period, the net asset value and net asset value of the unit were closed, equivalent to 8.64 million SAR and 1,699.6780 SAR respectively. Thus, the fund's annual compound performance since inception was (69.97%), while the index's return was (119.71%). Since the beginning of the year 2021 to until the date of this report, the Fund Manager maintain the diversification of the Fund’s investments in various sectors, where they were concentrated in Materials, Health care, REIT and Banks, with total percentage of the mentioned sectors by 55.14% of the total fund size. Also,the fund also aims in the coming period to participate in IPOs in the market.During the period, the fund participated in two initial public offerings, namely Al-Khorayef Water and Energy Technology Company and Theeb Rent a Car Company.
Contact information  
Phone number     920020789
Website     www.wasatah.com.sa
Email.     This email address is being protected from spambots. You need JavaScript enabled to view it.
Price information as at the end of the relevant quarter 30 June 2021  
P/E ratio Total net assets Total units of the fund Change in unit price
compared to the previous quarter
Unit Price
38.91% This is excluding Cash Item 8,644,224.11 SAR 5,085.80 13.35%  1,699.68 SAR
         
Fund information as at the end of the relevant quarter 30 June 2021  
      Rate % Value (SAR)
Total Expense Ratio for the relevant quarter From the average of the net asset of the fund     0.86%  75,172.92
Dealing expenses for the relevant quarter From the average of the net asset of the fund     0.03%  2,271.58
 Investment of the fund manager From the net asset of the fund     98.31%  8.50
Details of the fund’s ownership investments  
Full Ownership     100%
Usufruct right     0%
fund’s asset distribution (sector/geographic)  top 10 investments of the fund.
   
       
Revenue
   
Fund performance
3 months (end of current quarter) Year to date One year 3 years 5 years
13.35% 23.88% 8.87% 21.71%  37.48%
Benchmark performance
3 months (end of current quarter) Year to date One year 3 years 5 years
11.57% 27.48% 27.49% 53.90%  72.50%
Performance difference
3 months (end of current quarter) Year to date One year 3 years 5 years
1.78% -3.60% -18.63% -32.19%  -35.02%
         
Performance and risks
   
Standard deviation
3 months (end of current quarter) Year to date One year 3 years 5 years
7.03% 6.54% 7.05% 10.02%  9.63%
Sharp indicator
3 months (end of current quarter) Year to date One year 3 years 5 years
5.64 5.09 3.78 0.63  0.62
Tracking Error
3 months (end of current quarter) Year to date One year 3 years 5 years
2% 3% 5% 12%  14%
Beta
3 months (end of current quarter) Year to date One year 3 years 5 years
0.82 0.73 0.70 1.03  0.70
Alpha
3 months (end of current quarter) Year to date One year 3 years 5 years
3.82% 3.95% 3.98% -15.01% -0.45%
Information Index
3 months (end of current quarter) Year to date One year 3 years 5 years
0.84 -0.82 -1.09 -0.23 -0.24
performance of the fund since its beginning
   
* Disclaimer
“This document has been prepared by Wasatah Capital. Wasatah Capital is authorized by the Capital Market Authority. This document should not be construed as an invitation or an offer of securities, and therefore should not be construed as this way. Any past performance in this document should not be considered an indication or guarantee of future performance and Wasatah Capital makes no representation or warranty, express, implied or otherwise, with respect to future performance. The market value of the securities and expected income may be affected by economic and financial changes (including but not limited to spot interest), political factors,time until accrual, market conditions, volatility and credit quality of any issuer or reference and the value of investments may rise or fall against the interest of Investors Some investments may carry unusually high risks. Wasatah Capital and its employees, directors and officers shall not be liable for any liabilities, damages, losses, claims or actions arising out of or in connection with the use of this document. This document may not be redistributed, retransmitted or disclosed, in whole or in part, or in any form or manner for any purpose without the prior written consent of Wasatah Capital.
 

 

 

 
 
 
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 @