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Watani KD Money Market Fund II

The fund seeks to achieve returns higher than the rate of return on fixed deposits in Kuwaiti Dinars. The Fund will seek to increase its net asset value while maintaining a high level of liquidity by investing in diversified and high-quality money market instruments.

Investment Features

01

Potential returns higher than Fixed Deposits

02

Easy weekly access to your money

03

High-quality money market instruments

04

Low-risk investment

05

Majority of the fund’s investments are in fixed deposits with local banks

Overview

NAV KD

1.196126

As of 11 June 2024
  • Fund Structure
    Open-ended
  • Asset Class
    Money Market
  • liquidity
    Weekly
  • Inception Date
    20 April 2014
Performance
Fund
First Financial Year
1.31%
Annualized 3 Years (Since Inception)
0.84%
Annualized 6 Years (Since Inception)
1.55%
End of Q1'24 (Since Inception)
18.73%
Cumulative Return (Since Inception)
19.61%
Annualized Return (since Inception)
1.78%
One Week Annualized Return
3.47%

Value not available

Fund Structure:

Open-ended fund

Currency:

Kuwaiti Dinar

Inception Date:

20 April 2014

Liquidity:

Weekly

Minimum Investment:

KD 1,000/- and in increments of KD 1/-

Subscription/Redemption Deadline:

By 12:00 p.m. on Monday

Valuation Day:

Tuesday

Payment of Redemption Proceeds:

The next business day following the NAV Valuation day; or as otherwise described in the Fund’s Articles of Association

Management Fee:

Up to 1.00% per annum

Investment Advisor Fee:

0.1% per annum

Investment Controller's Fee

0.05% of the Fund’s Net Asset Value until KD 15 million

0.035% of the Fund’s Net Asset Value for the amount above KD 15 million until KD 25 million

0.02% of the Fund’s Net Asset Value for any amount above KD 25 million

Fees of the Custodian:

0.05% of the Fund’s Net Asset Value until KD 15 million

0.035% of the Fund’s Net Asset Value for the amount above KD 15 million until KD 25 million

0.02% of the Fund’s Net Asset Value for any amount above KD 25 million

Fund Manager:

Watani Investment Company K.S.C.C. (regulated by Capital Markets Authority)

Selling Agent:

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

Custodian and Investment Controller:

Kuwait Clearing Company K.S.C.

Auditor:

Rasheed Al-Qenae | KPMG Safi Al-Mutawa & Partners

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:

NBKW-FundAdministration@nbkwealth.com

Fact Sheet
31 / 05 / 2024
Articles of Association
29 / 01 / 2024
Subscription Form
01 / 09 / 2023
Redemption Form
28 / 02 / 2024
Investment Risks
28 / 05 / 2023
Financial Statements
31 / 03 / 2024

Management Team - Watani KD Money Market Fund II

Contact Fund

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

NBKW-FundAdministration@nbkwealth.com

NBK Wealth
Asset Management

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