Chimera S&P UAE Shariah ETF – Share class B – Income

NAV as of 20/10/2020 AED 3.871
1 Day NAV Change 0.51%

S&P UAE Domestic Shariah Liquid 35/20 Capped Index

As of 20/10/2020

Ticker symbol Value Change YTD
SPSHDAAP 1574.61 (8.07) / (0.51)% (13.38)%

Analytics

Sector Allocation

Telecommunication Services 32.58%
Financials 25.72%
Real Estate 25.69%
Consumer Discretionary 8.12%
Industrials 4.63%
Energy 3.25%

Top 5 Holdings As of 18/10/2020

Emirates Telecommunications Group 32.58%
Dubai Islamic Bank 17.80%
Emaar Properties 11.70%
ALDAR Properties 10.19%
ABU DHABI NATIONAL OIL COMPANY FOR DISTRIBUTION PJSC 8.12%

Index Graph

Key Features

Introduction

The constituents of the S&P UAE Domestic Shariah Liquid 35/20 Capped Index adhere to the eligibility requirements of the S&P UAE Domestic Index with a Shariah compliant version. The index measures the performance of the underlying index, excluding those constituents with low liquidity and implying an alternative weighting scheme.

Underlying Index

S&P UAE Domestic Shariah

Description of Index

Price Return

Index Weighting Scheme

The index is weighted by float-adjusted market capitalization, subject to a 35/20 weight capping scheme. The weighting scheme also employs buffers of 2% and 1%, respectively, to reduce the likelihood of a stock breaching the weight caps. At each rebalancing: 
 • If the largest stock’s weight exceeds 35%, it will be capped at 33% 
 • If the weight of any other stock is greater than 20%, it will be capped at 19%

Custom Index Values

Be locally listed on the Abu Dhabi Securities Exchange, Dubai Financial Market, or Dubai International Financial Exchange
Have no more than ten non-trading days over the previous quarter; 
Have an ADTV of at least USD 200,000 for 3 months prior to the rebalancing reference date


Frequency of Rebalance

Quarterly

Currency

AED

Base Date

1 Dec 2008

Fund Objective

Chimera S&P UAE Shariah ETF – Income is an exchange traded fund that seeks to provide investment returns, before fees and other costs, that closely correspond to the performance of the S&P UAE Domestic Shariah Liquid 35/20 Capped Index. The fund allows a single access point to the United Arab Emirates equity markets. The dividends received by the fund will be distributed.

Fund Information
Ticker CHAESHIN
Bloomberg CHAESHIN
Benchmark SPSHDAAP
Date of Listing TBC
Total Expense Ratio 1%
Base Currency AED
Creation Units 250,000
Listing Dubai Financial Market
Domicile United Arab Emirates
Regulatory Structure SCA Umbrella
Method Physical - Inkind
Fund Manager Chimera Capital LLC
Umbrella Name Chimera Umbrella Fund
Fund Characteristics
Number of Holding 13
Total Market Capitalization AED 304 bn
Weighted Average Market Cap AED 62 Bn
Weighted Average P/E 12.4x
Weighted Average P/B 2.1x
Weighted Average Return on Equity 15.7%
Dividend Yield 6.2%
Historic 3 Year EPS Growth 17.7%
Fund AUM
Assets Under Management AED 2,903,050
Units On offer 750,000

Performance Table As of 20/10/2020

Period 1M 3M YTD 1 Year 3 Year 5 Year 7 Year Since inception**
Index (2.36) 5.31 (13.38) (14.52) (17.81) (16.42) 16.38 TBC
Fund NA NA NA NA NA NA NA NA
**The since inception value for the index is calculated from inception of the fund which was on 20th July 2020

Performance Graph

As of 15/10/2020

Fund Top Holdings Weight
Emirates Telecommunications Group 32.52%
Dubai Islamic Bank 17.94%
Emaar Properties 11.74%
ALDAR Properties 9.95%
ABU DHABI NATIONAL OIL COMPANY FOR DISTRIBUTION PJSC 8.09%

×
Fund Top Holdings Weight
Emirates Telecommunications Group 32.52%
Dubai Islamic Bank 17.94%
Emaar Properties 11.74%
ALDAR Properties 9.95%
ABU DHABI NATIONAL OIL COMPANY FOR DISTRIBUTION PJSC 8.09%
Abu Dhabi Islamic Bank 6.28%
Aramex Company 4.7%
Dana Gas PJSC 3.26%
Emaar Malls Group 2.47%
Amanat Holding PJSC 1.03%
Deyaar Development Company 0.85%
Islamic Arab Insurance Company 0.59%
Eshraq Properties PJSC 0.5%
CASH 0.09%

Fund Sector Graph

Telecommunication Services 35.78%
Real Estate 28.07%
Financials 27.30%
Industrials 5.17%
Energy 3.58%
CASH 0.10%
Fund Documents
Prospectus
Supplement
Key Investor Information Document (KIID)
Fund Fact Sheet
Factsheet - September 2020
Factsheet - August 2020
Fund Financials
Annual Audited Financial Statements
Fund Holiday Schedule
Fund Holiday Schedule
Authorised Participants (APs)
   
Shuaa Securities LLC
Email: cs@shuaasecurities.ae
Phone: +971 24 942 777
Address: 1302, Level 13, C2 Towers, Al Bateen Towers, PO Box 107077, Abu Dhabi, United Arab Emirates
 
   
Arqaam Securities LLC
Email: derivatives@arqaamcapital.com
Phone: +971)4 507 1790
Address: 604, Sama Tower Sheikh Zayed Road, PO Box 120111, Dubai, UAE
 
   
BH Mubasher Financial Services PSC
Email: callcenter@bhmuae.ae
Phone: 800567000
Address: 49th Floor, Vision Tower, Business Bay, PO Box 26730, Dubai, United Arab Emirates
 
   
EFG Hermes UAE LLC
Email: UAEBrokerageETFPCF@efg-hermes.com
Phone: +971 43069449 / 600500004
Address: One Central, The Offices 3, Office 106 DWTC, P.O. Box 112736, Dubai, United Arab Emirates
 
Liquidity Providers
General Product/Performance Disclaimer

Investment in the products mentioned in this website may not be suitable for all investors. Investors should read the fund specific risks in the relevant Key Investor Information Document and the Fund’s Prospectus.

In respect of the products mentioned in this website is intended for information purposes only and does not constitute investment advice or an offer to sell or a solicitation of an offer to buy the securities described within. Any additional information pertaining to the products is provided on a confidential basis and may not be reproduced, redistributed or transmitted, in whole or in part, without Chimera Capital Limited, Chimera Capital LLC and/or any of its affiliates consent. Any unauthorized use is strictly prohibited. The mentioned product(s) may not be distributed without authorisation from relevant authorised parties representing the product(s)

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Current performance may be higher or lower than that quoted. The index returns are unmanaged and do not reflect the deduction of any fees or expenses. The index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income. Past performance is not a guide to future performance and should not be the sole factor of consideration when selecting a product. The information is provided for illustrative purposes only.

The performance of the index is not an exact representation of any particular investment as you cannot directly invest into an index.

S&P UAE Domestic Shariah Liquid 35/20 Capped Index & S&P UAE BMI Liquid Capped 20/35 Index is the exclusive property of S&P Opco, LLC, a subsidiary of S&P Dow Jones Indices LLC (“SPDJI”) and/or its affiliates. The Licensee has contracted with SPDJI to calculate and maintain the Index. All rights reserved. Redistribution, reproduction and/or photocopying in whole or in part are prohibited without written permission of SPDJI. S&P® is a registered trademark of Standard & Poor’s Financial Services LLC and Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC. Neither SPDJI, its affiliates nor their third-party licensors make any representation or warranty, express or implied, as to the ability of any index to accurately represent the asset class or market sector that it purports to represent, nor shall they have any liability for any errors, omissions, or interruptions of any index or the data included therein. For more information on any SPDJI’s or its affiliate’s indices or its custom calculation services, please visit www.spdji.com.