Money Market Fund SAR
0. 3 Month YTD 1 Year 3 Years 5 Years Since Inception
Fund Performance 0.70 0.54 0.53 1.37 1.54 3.02
Benchmark
performance 0.55 0.55 0.56 1.40 1.34 2.13
Performance
difference 0.15 -0.01 -0.03 -0.03 0.20 0.89
Revenue Fund Objective
Money Market Fund SAR is an open-end money market fund aiming to provide liquidity while preserving capital and may provide absolute returns from fees.
0.7 0.54 0.53 1.37 1.54 3.02
0.55 0.55 0.56 1.40 1.34 2.13
0.00 0.50 1.00 1.50 2.00 2.50 3.00 3.50
3 Months (%) YTD (%) 1 Year (%) 3 Years (% p.a.) 5 Years (% p. a.) Since Inception (% p.a.)
%
Fund Performance Benchmark
Saudi Fransi Capital, a Closed Joint Stock Company owned by Banque Saudi Fransi (C.R. 1010231217), is licensed by Capital Market Authority for carrying out securities business under license 11153-37.
Fund Facts
Inception Date 11 July 1987 Unit price upon offering SAR 10
Fund size SAR 657,326,543
Fund type Open ended fund
Currency SAR
Risk Level Low Risk
Benchmark 1 Week SAR deposit rate Number of distributions NIL Percentage of fees for
the management of the invested funds
Upto 0.5% p.a. plus VAT on the net assets
of the fund Investment advisor and
fund sub-manager N/A
Number of days of the
weighted average 109.96
3 Month YTD 1 Year 3 Years 5 Years
Standard deviation 0.82% 0.78% 0.89% 2.95 % 2.83%
Sharp indicator -0.12 0.35 -0.32 -0.11 -0.11
Tracking error 2.66% 4.91% 5.93% 7.96 % 11.75 %
Beta 0.00 0.00 0.00 0.00 0.00
Alpha 0.15% -0.01% -0.03% -0.03% 0.20%
Information index 0.06 0.00 -0.01 0.00 0.02
Performance and risk standards
Price information
Unit Price SAR 27.6723
Change in unit price (compared to previous quarter) 0.70%
Dual unit price for money market funds, and debt instruments
funds with fixed income N/A
Total units of the fund 23,753,916.14
Total net assets SAR 657,326,543
P/E ratio 141.76
Fund information Details of the fund's ownership
investments
Full ownership 100%
Usufruct right NIL
Total expense ratio to net average assets (%) 0.44 % Borrowing percentage to net assets value (%) NIL
Dealing expenses to net average assets -
Percentage of dealing expenses to net average assets (%) 0.00 % Amount of fund manager’s investments to net asset value NIL Percentage of fund manager’s investments to net asset value
(%) NIL
Distributed profits NIL
Percentage of Distributed profits NIL
Definitions Standard deviation
Based on the price return of the quarter considering weekly data Sharp
indicator
(Portfolio return - minus 3 month SAIBOR)/Standard deviation Tracking Error
standard deviation of daily excess return of the portfolio over benchmark
Beta
Covariance of portfolio returns to benchmark returns divided by variance of benchmark returns Alpha Portfolio return minus
benchmark return Information
Index Alpha / tracking error Quarter 3 Statement – September 2021
Money Market Fund SAR
Top 10 Investments %
Deposits with Al Rajhi Bank 21.85 % Deposits with Gulf International Bank 21.61 % Deposits with Arab Banking Corporation 14.92 % Deposits with Gulf Finance House 14.65 % Riyad Commodity Trading -SAR fund 12.48 % Deposits with Saudi Investment Bank 6.39 % Deposits with Al Masraf Bank 4.57 % Emirates Strategic Investment Company
(Bond / Sukuk) 1.85 %
Cash 1.68 %
Sector Allocation %
Deposits with banks 83.99%
Investments in Fund 12.48%
Cash and Equivalents 1.68%
Sukuks 1.85%
83.99%
12.48%
1.68%
1.85%
0.00% 10.00% 20.00% 30.00% 40.00% 50.00% 60.00% 70.00% 80.00% 90.00%
Deposits with banks Investments in Fund Cash and Equivalents Sukuks
Sector Allocation
21.85%
21.61%
14.92%
14.65%
12.48%
6.39%
4.57%
1.85%
1.68%
0.00% 5.00% 10.00% 15.00% 20.00% 25.00%
Al Rajhi bank Gulf International Bank Arab Banking Corporation Gulf Finance House Riyad Commodity Trading -SAR fund Saudi Investment Bank Al Masraf Bank ESIC Sukuk Cash
Top 10 Investments
Geographical Allocation %
Saudi Arabia 62.33%
United Arab Emirates 6.42%
Bahrain 29.57%
Kuwait --% 62.33%
6.42%
29.57%
0.00%
0.00% 10.00% 20.00% 30.00% 40.00% 50.00% 60.00% 70.00%
Saudi Arabia United Arab Emirates Bahrain Kuwait
Geographical Allocation
Saudi Fransi Capital, a Closed Joint Stock Company owned by Banque Saudi Fransi (C.R. 1010231217), is licensed by Capital Market Authority for carrying out securities business under license11153-37.
Phone Number 8001243232
Website www.sfc.sa
Email [email protected]
Contact Information
Disclaimer
The performance illustrated in the report is neither an indication nor a guarantee of future returns. The value of the units is affected by price fluctuations. Therefore, the value of the units may rise. Investors are advised to consider their individual and financial circumstances and the suitability of the product to their investment objectives. Moreover, we highly recommend investors to obtain advice from experts in the investment fields.
Quarter 3 Statement – September 2021
