NBAD Sukuk Income Fund Report - May 2017

Transcription

1. NBAD Sukuk Income Fund USD Distributing May 2017 Investment Objective Key Facts Domicile UAE Inception Date 06 June 2012 Fund Size (mn) 35.83 Base Currency USD The Fund aims to provide attractive levels of income with some prospect of capital gains over the medium term through actively investing in a mix of corporate and sovereign Sukuk and other Islamic money market instruments, including but not limited to the following Islamic instruments: money market instruments, certificates of deposits, collateralised murabaha, convertible Sukuk, Murabaha deposits, Ijarah and investments in other Islamic collective investment schemes (investment funds) with objectives that the Investment Manager believes are appropriate in light of the Fund’s objectives. Performance NAV 4.8424 NAV Date 31 May 2017 Benchmark Emirates Interbank Offer Rate 3-Month Minimum Investment USD 500 Subsequent Investment USD 250 130.00 120.00 110.00 100.00 Benchmark May 2017 Apr 2016 Nov 2016 Semi-Annual Oct 2015 Mar 2015 Aug 2014 Feb 2014 Dividend Frequency Jul 2013 Dealing Frequency Weekly - Wednesday Dec 2012 Jun 2012 90.00 Fund Bloomberg Ticker NBADSIF UH EQUITY 1 Month ISIN Subscription Fee 3 Months 6 Months 1 Year 3 Years 5 Years SI AEN000130023 Fund 0.28% 1.02% 2.19% 3.34% 2.02% 3.56% Benchmark 0.20% 0.55% 1.00% 1.89% 1.39% 1.42% 0 to 2% Management Fee 1.00% 3 Years, 5 Years and Since Inception (SI) performance is annualized. Fund Manager NBAD Global Asset Management Custodian Deutsche Bank Securities and Services Administrator Deutsche Bank Securities and Services YTD 2016 2015 2014 2013 2012 Fund 1.95% 3.60% 0.18% 3.60% 2.88% 5.57% Benchmark 0.85% 1.63% 1.09% 1.04% 1.41% 1.06% Fund and Benchmark performance is calculated Since Inception (SI) of the Fund. Fund performance is net of fees. Country Allocation Credit Rating Allocation 35.09% 9.46% 8.47% 8.12% 7.94% 7.69% 6.79% 4.27% 3.95% 3.92% 1.88% 1.35% 1.07% NBAD Global Asset Management United Arab Emirates Turkey Kuwait Saudi Arabia Qatar Indonesia Bahrain Supranational Malaysia Oman South Africa Cash Colombia 1.07% B 20.63% BB- 0.72% BB 19.46% BB+ 9.12% BBB- 3.92% BBB 9.31% BBB+ 10.71% A- 8.70% A 6.90% A+ 8.12% AA- 1.35% AA www.nbad.com
2. NBAD Sukuk Income Fund (USD Distributing) Duration Key Statistics Fund Volatility1 Benchmark Volatility1 Sharpe Ratio1 Average YTM Duration Average Credit Rating 1 1.54% 0.03% 0.95 4.72% 3.54 BBB 13.47% 0 - 1 yrs 25.41% 1 - 3 yrs 40.11% 3 - 5 yrs 17.63% 5 - 7 yrs 3.38% 7 - 10 yrs Rolling 1 Year data Dividend History Date 05 December 2012 04 June 2013 04 December 2013 04 June 2014 03 December 2014 03 June 2015 25 November 2015 15 June 2016 21 December 2016 Top Holdings Dividend 1.76% 1.98% 2.68% 2.87% 2.33% 2.22% 2.00% 2.57% 2.00% ETIHAD AIRWAYS PJSC 3.86 11/30/2021 HAZINE MUSTESARLIGI VARLIK KIR 4.489 11/25/2024 DAR AL ARKAN REAL ESTATE DEVEL 5.75 5/24/2018 EZDAN HOLDING GROUP QSC 4.375 5/18/2021 EMIRATES AIRLINE 3.875 3/19/2023 8.70% 7.16% 5.88% 5.01% 4.98% For More Information Please call us at +971 2 410 5417 or email us at fundmanagement@nbad.com Webite: www.nbad.com Disclaimer The fund is a collective investment fund authorized by the Securities & Commodities Authority of the UAE. This report is provided for information purposes only. The report is based on available information and is deemed reliable, but no assurance is given as to its accuracy, or completeness. National Bank of Abu Dhabi is not accountable for any decision based on the contents of this report. Neither the information, nor the opinions contained herein are to be construed as an offer to buy and/or sell securities mentioned above. Past performance is no indication of current or future performance, and it does include the commissions and costs incurred on the issue and redemption of shares. NBAD is licensed by the Central Bank of the UAE. NBAD Global Asset Management www.nbad.com