Chimera S&P UAE Shariah ETF – Accumulating (CHAESH)

NAV as of 19/4/2024 AED 6.666
1 Day NAV Change 1.51%

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

As of 19/04/2024

Ticker symbol Value Change YTD
SPSHDAAN 4833.33 (74.19) / (1.51)% (0.84)%

Analytics

Sector Allocation

Real Estate 24.39%
Communication Services 19.06%
Financials 16.35%
Industrials 11.61%
Utilities 8.65%
Energy 8.24%
Materials 3.67%
Consumer Discretionary 3.43%
Industrial 2.92%
Health Care 0.78%
Information Technology 0.45%
Consumer Staples 0.44%

Top 5 Holdings As of 17/04/2024

Emirates Telecommunications Group 19.06%
Emaar Properties 15.96%
Dubai Islamic Bank 9.04%
Dubai Electricity and Water Authority PJSC 6.61%
Abu Dhabi Islamic Bank 6.49%

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.

Benchmark Index

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

Description of Index

Net Total 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 33%, it will be capped at 33%
  • If the weight of any other stock is greater than 19%, 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 – Accumulation is a Shariah compliant exchange traded fund that seeks to provide investment returns, before fees and other costs, that closely tracks 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 reinvested.

Fund Information
Ticker CHAESH
Bloomberg CHAESH
Benchmark SPSHDAAN
Date of Listing 21 July 2020
Total Expense Ratio 1%
Base Currency AED
Creation Units 250,000
Listing Abu Dhabi Securities Exchange
Domicile United Arab Emirates
Regulatory Structure SCA Umbrella
Method Physical / In-Kind
Fund Manager Lunate Capital LLC
Umbrella Name Chimera Umbrella Fund
Fund Characteristics
Number of Holding 30
Total Market Capitalization AED 1,581.69 bn
Weighted Average Market Cap AED 82.69 bn
Weighted Average P/E 20.08
Weighted Average P/B 3.97
Weighted Average Return on Equity 25.23%
Dividend Yield N/A
Historic 3 Year EPS Growth 174.46%
Fund AUM
Assets Under Management AED 114,990,516
Units On offer 17,250,000

Performance Table As of 20th July 2020

Period 1M 3M YTD 1 Year 3 Year 5 Year 7 Year Since inception**
Index (1.18) (1.79) (0.84) (1.06) 33.89 64.7 76.7 89.39
Fund (1.27) (2.07) (1.19) (2.13) 29.74 NA NA 81.63
**The since inception value for the index is calculated from inception of the fund which was on 20th July 2020

Performance Graph

As of 17/04/2024

Fund Top Holdings Weight
Emirates Telecommunications Group 18.98%
Emaar Properties 15.89%
Dubai Islamic Bank 9%
Dubai Electricity and Water Authority 6.59%
Abu Dhabi Islamic Bank 6.47%

×
Fund Top Holdings Weight
Emirates Telecommunications Group 18.98%
Emaar Properties 15.89%
Dubai Islamic Bank 9%
Dubai Electricity and Water Authority 6.59%
Abu Dhabi Islamic Bank 6.47%
ALDAR Properties 6.33%
ADNOC Gas PLC 3.66%
ABU DHABI NATIONAL OIL COMPANY FOR DISTRIBUTION PJSC 3.06%
Q Holding 3%
Multiply Group PJSC 2.9%
Americana Restaurants International PLC 2.87%
BOROUGE 2.21%
ADNOC Drilling Company PJSC 2.08%
Emaar Development PJSC 2.05%
Salik Company PJSC 2.02%
National Marine Dredging Company 1.69%
ADNOC Logistics and Services PLC 1.31%
Gulf Navigation Holding 1.31%
Dana Gas PJSC 1.12%
Fertiglobe Plc 1.02%
Abu Dhabi National Energy Company 1.02%
Emirates Central Cooling Systems Co 1.01%
Ajman Bank 0.83%
Burjeel Holdings PLC 0.79%
CASH 0.67%
Presight AI Holding PLC 0.45%
Ghitha Holding PJSC 0.43%
Arkan Building Materials Co 0.4%
Al Seer Marine Supplies & Equipment Co 0.32%
Taaleem Holdings PJSC 0.31%
Bayanat AI PLC 0.17%
CASH 0%

Fund Sector Graph

Real Estate 24.60%
Telecommunication services 19.23%
Financials 16.52%
Industrials 11.57%
Utilities 8.74%
Energy 6.96%
Consumer Discretionary 6.32%
Materials 3.69%
Health Care 0.80%
CASH 0.68%
Information Technology 0.46%
Consumer Staples 0.44%
Fund Documents
Prospectus
Supplement
Key Investor Information Document (KIID)
Fund Fact Sheet
Factsheet - March 2024
Factsheet - February 2024
Factsheet - January 2024
Factsheet - December 2023
Factsheet - November 2023
Factsheet - October 2023
Factsheet - September 2023
Factsheet - August 2023
Factsheet - July 2023
Factsheet - June 2023
Factsheet - May 2023
Factsheet - April 2023
Factsheet - March 2023
Factsheet - February 2023
Factsheet - January 2023
Factsheet - December 2022
Factsheet - November 2022
Factsheet - October 2022
Factsheet - September 2022
Factsheet - August 2022
Factsheet - July 2022
Factsheet - June 2022
Factsheet - May 2022
Factsheet - April 2022
Factsheet - March 2022
Factsheet - February 2022
Factsheet - January 2022
Factsheet - December 2021
Factsheet - November 2021
Factsheet - October 2021
Factsheet - September 2021
Factsheet - August 2021
Factsheet - July 2021
Factsheet - June 2021
Factsheet - May 2021
Factsheet - April 2021
Factsheet - March 2021
Factsheet - February 2021
Factsheet - January 2021
Factsheet - December 2020
Factsheet - November 2020
Factsheet - October 2020
Factsheet - September 2020
Factsheet - August 2020
Fund Financials
Annual Audited Financial Statements
Fund Holiday Schedule
Fund Holiday Schedule
Authorised Participants (APs)
   
International Securities LLC
Email: cs@intlsecurities.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
 
   
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
 
   
BHM Capital Financial Services PrJSC
Email: callcenter@bhmuae.ae
Phone: 800567000
Address: 49th Floor, Vision Tower, Business Bay, PO Box 26730, Dubai, United Arab Emirates
 
   
Al Daman Securities (LLC)
Email: Operations@daman.ae
Phone: +971 4 4080400
Address: Office 601 , Level 6 Dubai World Trade Center, P.O.Box 9436, Dubai United Arab Emirates
 
Liquidity Providers
   
Al Mal Capital
Email: capitalmarketsteam@almalcapital.com
Phone: +971 4360 11 03
Address: 48 Burj Gate, Downtown Dubai Sheikh Zayed Road, Office 901, P.O. Box 119930, Dubai, UAE
 
   
BHM Capital Financial Services PJSC
Email: callcenter@bhmuae.ae
Phone: 800567000
Address: 49th Floor, Vision Tower, Business Bay, PO Box 26730, Dubai, United Arab Emirates
 
   
Q Market Makers (QMM)
Email: info@qmm.ae
Phone: -
Address: 1001b, TwoFour54, Building 6, Park Rotana Office Complex, Khalifa Park, P.O. Box 77992, Abu Dhabi, UAE
 
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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, S&P Kuwait Shariah Liquid 35/20 Capped Index, S&P Saudi Arabia Shariah Liquid 35/20 Capped Index, S&P 500 US Shariah Top 30 35/20 Capped Index, S&P High Yield Dividend Aristocrats U.S. Shariah 35/20 Capped Index, S&P Turkey Shariah Liquid 35/20 Capped Index, S&P China Hong Kong-Listed Shariah Liquid 35/20 Capped Index & S&P Pakistan BMI Liquid 35/20 Capped 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.

The Chimera FTSE ADX 15 exchange traded fund (“ETF”) has been developed solely for Lunate Capital L.L.C. Chimera FTSE ADX 15 ETF is not in any way connected to or sponsored, endorsed, sold, or promoted by the London stock exchange group PLC and its group undertakings, including FTSE international limited (collectively, the “LSE group”), or the Abu Dhabi securities exchange (“ADX”) (and together, the “Licensor parties”). FTSE Russell is a trading name of certain of the LSE group companies.

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The index is calculated by or on behalf of FTSE international limited or its affiliate, agent, or partner. The licensor parties do not accept any liability whatsoever to any person arising out of (A) the use of reliance on or any error in the index or (B) investment in or operation of Chimera FTSE ADX 15 ETF. The licensor parties make no claim, prediction, warranty, or representation either as to the results to be obtained from the Chimera FTSE ADX 15 ETF or the suitability of the index for the purpose to which it is being put by Lunate Capital LLC.