Al-Fajer Islamic Fund Report - June 2021

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1. Fund Manager Report Al-Fajer Islamic Fund June 2021 NAV : 1.016 KD MTD: 1.68% YTD: 21.27% Fund Objective The fund objective is to achieve competitive returns by investing in listed and unlisted companies in Kuwait, Gulf and Arab markets and invest excess cash in money market instruments, all investments are compliant with the Islamic Shari'ah principles. Fund Key Fact Sectorial Allocation NAV (KD): 1.016 Per Unit Fund AUM: 42.64 Million KD 0.06% 5.43% 0.00% Oil & Gas 2.41% Inception: 26 Mar 2005 Manager: Wafra International Investment Co. MGT Fees: 1.5% per year. Strategy: Capital investing in local shariah compliant companies. Focus: Local Market (KSE) Redemption: Monthly Custodian Gulf Custody Auditor BDO Al-Nisf & Partners Distributions: 10% Cash & 20% Bonus since inception. 11.23% Basic Materials Industrials 14.06% Consumer Goods Health Care 27.19% Consumer Services Telecommunications Utilities Banks 1.19% 26.84% Real Estate 0.00% 0.00% 0.00% Financial Services Technology 12.38% Performance Cash and Equivalents Top 5 Holdings Period Fund * Symbol Ticker Fund % MTD 1.68% 108 KFH 14.66 603 AGLTY 14.56 12.23 YTD 21.27% 3 Years 47.50% 605 ZAIN 5 Years 97.28% 514 BPCC 7.28 Inception 33.70% 623 HUMANSOFT 5.95 * The Fund distributed cash dividends of 5% per unit for 2019 Historical Performance Year Annual 2021 Monthly 2016 9.13% Jan 4.84% 2017 13.56% Feb (1.87%) Mar 4.17% 2018 11.92% Apr 9.48% May 1.65% 2019 17.58% Jun 1.68% Return Fund vs Benchmark Jul Aug 2020 (2.32%) Sep Oct Al-Fajer Fund 2021 YTD 21.27% Nov Series2 120% Period Fund S&P Islamic 25 MTD 1.68% 1.74% YTD 21.27% 20.86% Dec 70% 20% (30%) (80%) Boursa Kuwait ended June with a positive performance. The Premier Market Index closed at 6,936.1 points, up by 2.91%, the Main Market Index increased by 2.60% closing at 5,316.9 points, whereas the All-Share Index closed at 6,386.8 points up by 2.83%