Multi Asset Traded Fund

Terms and conditions

Frequently asked questions

Factsheet
Executive Summary

Overview

SEDCO Capital Multi Asset Traded Fund is a Shari’ah compliant closed-ended traded investment fund established in accordance with the applicable laws and regulations of the Kingdom of Saudi Arabia and regulated by the Capital Market Authority (CMA).

Fund domicile: Saudi Arabia

Fund currency: SAR

Asset class: Multi Asset

Geographic Concentration: Global

Inception date: 04/01/2018

Fund term: 99 years

Investment style: Active strategy

Benchmark: The Fund’s Benchmark index is a composite index tracking specific weights allocations as follows: 60% Dow Jones Islamic Market World Index (DJIMT) + 20% Total Return Dow Jones Sukuk Index (DJSUKTXR) + 20%- 30-Day Moving Average (S&P 1-Month).

Investment manager: SEDCO Capital

Management fees: 1% on the NAV

Frequency of distribution and valuation Semi-annual

Investment objective:

The Fund’s objective is to seek long-term capital growth and periodic income distribution by investing in a diversified portfolio of local and international private and public investments that are compatible with Shariah standards and controls by leveraging the Firm’s expertise in local and international investments in Private Equity, Public Equities, Fixed Income.

The Fund’s distribution policy:

Distribution for the liquid strategies:

The Fund’s objective is to distribute the dividend received from the underlying investments in international public equity (including investments IPOs, tradable rights issue, and index funds) and local public equity (including investments in IPOs, tradable rights issue, and index funds), as well as fixed income instruments (including Sukuk, Money Market, and Murabaha)to Unitholders at a rate of (100%) as net returns on a semi-annual basis.
The Fund also aims to distribute a maximum of (50%) of the capital gain on semi-annual basis at the discretion of the Fund Manager in accordance with the distribution policy outlined below.

Distribution for the illiquid strategies:

The Fund’s objective is also to distribute dividends received from its income generating illiquid investments.
The Fund Manager, as it deems appropriate at its discretion, will distribute up to (50%) of the net realized capital gains resulting from exits of underlying illiquid investments on a semi-annual basis. in accordance with the distribution policy outlined in paragraph (b) below.
It is also worth noting that the Fund Manager has the discretion to retain the sale proceeds, whether full or partial, resulting from the disposal and sale of the Fund’s investments for the purposes of reinvesting these returns in other assets and investments in accordance with the Terms and Conditions of the Fund.

Fund Asset Classes

Assets Classes International Public Equity, which include investing in IPOs, tradable rights issue, and index funds, whether through direct investments and/or through public and private investment funds.

Max Limit 40%

Assets Classes Local Public Equity, which include investing in IPOs, tradable rights issue, and index funds, whether through direct investments and/or through public and private investment funds.

Max Limit 20%

Assets Classes International debt instruments and Sukuk, whether through direct investments and/or through public and private investment funds.

Min Limit 20%

Max Limit 50%

Assets Classes Local debt instruments and sukuks, whether through direct investments and/or through public and private investment funds.

Min Limit 0%

Max Limit 30%

Assets Classes International investments in money market transactions and Murabaha transactions outside the Kingdom, whether through direct investments and/or through public investment funds

Min Limit 0%

Max Limit 30%

Assets Classes Local investments in money market transactions and Murabaha transactions in the Kingdom, whether through direct investments and/or through public investment funds.

Min Limit 20%

Max Limit 50%

Assets Classes International private equity, whether through direct investments and/or private investment funds.

Min Limit 0%

Max Limit 20%

Assets Classes Local private equity, whether through direct investments and/or private investment funds.

Min Limit 0%

Max Limit 20%