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Regional Bonds and Sukuk Investment Fund is an open-ended debt fund incorporated in Kuwait, licensed and supervised by the Capital Market Authority of Kuwait. The primary aim of the Fund is to enable investors to gain exposure to fixed-income securities either issued or guaranteed by governments, quasi-government entities or corporations registered in the MENA region.

The fund seeks long-term capital appreciation with a low level of risk by providing its investor exposure to the liquid part of the regional bond and sukuk market and predominantly investing in investment-grade securities denominated in USD. It can also exploit opportunities in the sub-investment grade in which it can invest up to 25% of its capital.

Investment Features

  • Investor-friendly structure
  • Access to a key asset class
  • Management experience

Overview

  • Fund Structure: Open-ended
  • Asset Class: Debt Instruments Fund
  • Liquidity: Weekly subscriptions and monthly redemptions
  • Inception Date: 10 July 2017

NAV USD..

11.1745

As of 23 March 2023

Performance

As of 23 March 2023

Performance Fund
First Year -0.22%
Annualized 3 Years (Since Inception) 5.87%
Annualized 6 Years (Since Inception) -
End of Fourth Quarter 2022 (Since Inception) 9.95%
Cumulative Return Since Inception 11.75%
Annualized Return Since Inception 1.97%
Annualized Standard Deviation 5.93%
Performance

Fund Facts

Fund Structure:

Open-ended fund

Currency:

US Dollar

Inception Date:

10 July 2017

Liquidity:

Weekly subscriptions and monthly redemptions

Minimum Investment:

USD 10,000 and increments of USD 1,000 thereafter

Subscription/Redemption Dealing Day:

Wednesday of every week until 2:00 p.m.

Valuation Day:

Thursday

Management Fee:

0.75% per annum

Investment Controller Fee

USD 16,000 per annum

Custodian Fee:

0.0625% of the Fund’s net asset value until USD 50 million, with a minimum of USD 11,250

0.045% of the Fund’s net asset value for any amount above USD 50 million and up to USD 250 million, with a minimum of USD 25,000

0.035% of the Fund’s net asset value for any amount above USD 250 million, with a minimum of USD 90,000

Fund Manager:

Watani Investment Company K.S.C.C.

External Auditor:

Bader Abdullah Al Wazzan | Deloitte & Touche, Al Wazzan & Co.

Investment Controller:

Kuwait Clearing Company K.S.C.

Custodian and Registrar:

National Bank of Kuwait S.A.K.P.

Subscription (Selling) Agent

Watani Investment Company K.S.C.C.

Fund Regulator:

Capital Markets Authority

Domicile of the Fund:

Kuwait

Fund Manager Contact:

Floor 35, NBK Tower, Jaber Al-Mubarak & AlShuhada Street, Block 7, Plot 6, Sharq, Kuwait, P.O. Box 4950 Safat, 13050 Kuwait

Email: MenaAssetManagement@nbkcapital.com

Management Team

  • Shadi Khaddar, FRM, CFA

    Managing Director - MENA Asset Management

  • Ali Sarab

    AVP - MENA Asset Management

  • Yousef Al-Abdullah

    Analyst - MENA Asset Management

  • Khalil Salame, CFA

    VP - MENA Asset Management

  • Adel Naji

    Manager- MENA Asset Management

  • Amanda Ghannam

    Manager - MENA Asset Management

  • Rana Atallah, CFA

    Director - MENA Asset Management

  • Mohammad Al Duaij

    AVP - MENA Asset Management

Contact Fund

Floor 35, NBK Tower, Jaber Al-Mubarak & AlShuhada Street, Block 7, Plot 6, Sharq, Kuwait, P.O. Box 4950 Safat, 13050 Kuwait

MenaAssetManagement@nbkcapital.com