BASED ON PRESS RELEASE: BY CHAESHIN ON NOV 01, 2023
FUND OVERVIEW
PERFORMANCE (%)
Chimera S&P UAE Shariah ETF – Income (CHAESHIN)
Investment Objective:
CHAESHIN is an exchange-traded fund designed to closely track the performance of the S&P UAE Domestic Shariah Liquid 35/20 Capped Index. It aims to provide investors with investment returns that adhere to Shariah principles, allowing for access to the United Arab Emirates equity markets.
Performance:
- CHAESHIN’s performance is calculated from its inception on July 20, 2020. Past performance is not indicative of future results.
- Returns are based on changes in the net asset value of the fund and reflect price movements (capital gains or losses) of the underlying securities.
Top 10 Holdings:
- Emirates Telecommunications Group Company PJSC: 20.73%
- Emaar Properties PJSC: 13.36%
- Dubai Islamic Bank PJSC: 8.95%
- Dubai Electricity and Water Authority PJSC: 6.90%
- Abu Dhabi Islamic Bank PJSC: 6.40%
- Aldar Properties PJSC: 6.33%
- Multiply Group PJSC: 4.05%
- ADNOC Gas PLC: 3.97%
- Americana Restaurants International PLC: 3.42%
- Q Holding PSC: 3.20%
Key Metrics:
- Total Expense Ratio (TER): Reflects the total costs associated with managing and operating the fund, expressed as a percentage of the fund’s total net asset value.
- Dividend Yield: Calculated based on dividends received in 2023, adjusted for expenses, and divided by the most recent month-end Net Asset Value (NAV).
- Product Structure: Indicates whether the fund buys the actual underlying securities in the index (Physical) or gains exposure through derivatives (Synthetic).
- Methodology: Indicates whether the fund replicates all index securities in the same weight (Replicating) or uses an optimized subset (Optimized/Sampled) to track index performance.
Fund Characteristics:
- Market Capitalization: The aggregate value of stocks held by the fund.
- Weighted Average Market Cap: The average market capitalization of all stocks held by the fund.
- Price Earnings Ratio (P/E): The share price of a stock divided by its earnings per share (EPS) over the past year.
- Price Book Ratio (P/B): The share price of a stock divided by its book value per share.
- Return on Equity: Net income expressed as a percentage of shareholders’ equity.
- Earnings Growth Rate: The growth rate of a company’s net income over a specific period of time.
Investors should consider the information provided, including risks, expenses, and investment objectives, before investing in CHAESHIN. The value of investments may vary, and past performance is not indicative of future results. ETFs trade on exchanges like stocks and are subject to market price fluctuations.
