Saudi Istithmar Fund
3 Month YTD 1 Year 3 Years 5 Years Since Inception Fund Performance 13.57 27.19 55.39 49.53 113.03 1,125.79 Benchmark
performance 11.77 30.11 58.01 47.84 105.16 577.59
Performance
difference 1.80 -2.92 -2.62 1.69 7.87 548.20
Revenue Fund Objective
Saudi Istithmar Equity Fund is an open-end equity fund that aims to achieve growth in the medium to long term that outperforms the benchmark by investing in stocks listed on the Saudi stock market.
13.57 27.19 55.39 49.53 113.03 1125.79
11.77 30.11 58.01 47.84 105.16 577.59
0.00 200.00 400.00 600.00 800.00 1,000.00 1,200.00
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.
Quarter 2 Statement – June 2021
Fund Facts
Fund Start Date June 5, 1993 Unit price upon offering SAR1,000
Fund size SAR 320,257,556
Fund type Open Ended Fund
Currency SAR
Risk Level High
Benchmark
S&P Saudi Arabia Domestic Total Return
Index Number of distributions NIL Percentage of fees for
the management of the invested funds
1.75% 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 N/A
3 Month YTD 1 Year 3 Years 5 Years Standard deviation 5.72% 6.47% 5.86% 8.40% 8.09%
Sharp indicator 2.34 4.14 9.30 5.23 12.79
Tracking error 0.78% 0.75% 0.83% 1.18% 1.14%
Beta 0.05 0.22 0.12 0.15 0.13
Alpha 1.80% -2.92% -2.62% 1.69% 7.87%
Information index 2.32 -3.88 -3.15 1.43 6.93
Performance and risk standards
Price information
Unit Price SAR 12,257.9074
Change in unit price (compared to previous quarter) 13.57 % Dual unit price for money market funds, and debt instruments
funds with fixed income N/A
Total units of the fund 26,126.61
Total net assets SAR 320,257,556
P/E ratio 2.63
Fund information Details of the fund's ownership
investments
Full ownership 100%
Usufruct right NIL
Total expense ratio to net average assets (%) 2.42%
Borrowing percentage to net assets value (%) NIL
Dealing expenses SAR 227,732
Percentage of dealing expenses to net average assets (%) 0.30 % 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
Saudi Istithmar Fund
Top 10 Investments %
Al Rajhi Bank 15.95%
Saudi National Bank 9.63%
Saudi Arabian Oil 7.11%
Saudi Telecom 6.66%
Riyad Bank 4.94%
Company for Cooperative
Insurance 4.83%
Saudi Chemical Holding 4.33%
Cash 4.01%
Al Moammar Information Systems 3.71%
Sahara International Petrochemical 3.54%
Sector Allocation %
Banks 35.08%
Materials 16.07%
Energy 10.30%
Health Care Equipment & Services 6.76%
Telecommunication Services 6.66%
Insurance 4.83%
Cash and Equivalents 4.17%
Information Technology 3.71%
Food & Beverages 3.03%
Utilities 2.88%
Retailing 2.82%
Real Estate Management & Development 2.36%
Capital Goods 0.79%
Receivables 0.54%
35.08%
16.07%
10.30%
6.76%
6.66%
4.83%
4.17%
3.71%
3.03%
2.88%
2.82%
2.36%
0.79%
0.54%
0.00% 5.00% 10.00% 15.00% 20.00% 25.00% 30.00% 35.00% 40.00%
Banks Materials Energy Health Care Equipment & Svc Telecommunication Services Insurance Cash and Equivalents Information Technology Food & Beverages Utilities Retailing Real Estate Mgmt & Dev't Capital Goods Receivables
Sector Allocation
15.95%
9.63%
7.11%
6.66%
4.94%
4.83%
4.33%
4.01%
3.71%
3.54%
0.00% 2.00% 4.00% 6.00% 8.00% 10.00% 12.00% 14.00% 16.00% 18.00%
Al Rajhi Bank Saudi National Bank Saudi Arabian Oil Saudi Telecom Riyad Bank Company for Cooperative Insurance Saudi Chemical Holding Cash Al Moammar Information Systems Sahara International Petrochemical
Top 10 Investments
Geographical Allocation % Saudi Arabia 100
United Arab Emirates 0
Bahrain 0
Kuwait 0
100%
0%
0%
0%
0% 20% 40% 60% 80% 100% 120%
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 2 Statement – June 2021
