The objective of the Sub-Fund is to achieve long-term capital appreciation by investing in Units/shares of UCITS, other UCIs and/or ETFs. The abovementioned UCITS, UCIs and ETFs shall be compliant with Sharia law principles. The Sub-Fund aims to increase invested capital in euros over time by investing in units of funds compliant with the principles governing Islamic finance (Sharia). Islamic finance forbids investments in activities and sectors related to alcohol, tobacco, some leisure, weapons and pork meat. It also forbids traditional banking or insurance, which trigger interest income.
Salam-Pax SICAV – Ethical Fund of Funds A
Latest Price NAV
USD
112.12
as of
12/Sep/23
Objective
Key Facts
Launch Date :
17/Jul/12
Asset Type :
Mixed AssetsBase Currency :
EuroTotal Net Asset (USD M) :
2.27
Benchmark :
Index is not provided by Management Company
Dividend Type :
N.A
Income Distribution :
Retained
Total Expense Ratio % :
8.48
Geographical Focus :
Global
Shariah Compliant
Shariah
ESG
Yes
Responsible Investment
Yes
Positive Screening
Yes
Performance
3 Yrs Performance
-2.34
5 Yrs Performance
-1.84
10 Yrs Performance
-0.93
Top Holdings
1.
ARABESQUE SICAV - ARABESQUE SYSTEMATIC (USD)
10.44
%
2.
SALAM-PAX SICAV SERENITY SUKUK C EUR CAP
8.87
%
3.
SAU ELE GLOB SUK 2.67% 04/03/17 SR:
7.69
%
4.
QIB SUKUK 2.50% 10/10/17 SR:
6.63
%
5.
ARABESQUE SICAV - ARABESQUE PRIME (USD)
6.11
%
6.
ISHARES MSCI WORLD ISLAMIC UCITS ETF EUR
6.03
%
7.
COMGEST GROWTH EUROPE S USD ACC
5.76
%
8.
ISHARES MSCI USA ISLAMIC EUR
4.68
%
9.
COMGEST GROWTH EUROPE S EUR ACC
4.36
%
10.
SALAM-PAX SICAV SERENITY SUKUK C USD CAP
4.32
%
Portfolio Composition
1.
CAYMAN ISLANDS
25.45
%
2.
UNITED STATES
18.29
%
3.
SWITZERLAND
3.39
%
4.
FRANCE
3.25
%
5.
JAPAN
2.98
%
6.
MALAYSIA
2.82
%
7.
UNITED KINGDOM
2.43
%
8.
TURKEY
2.4
%
9.
JERSEY
2.08
%
10.
CHINA
1.64
%
Transaction Information
Annual Charges
Minimum Charge :
N.A
Maximum Charge:
N.A
Actual Charge :
2
Initial Charges
Minimum Charge :
N.A
Maximum Charge :
4
Actual Charge :
N.A
Redemption Charges
Minimum Charge :
N.A
Maximum Charge:
N.A
Actual Charge :
N.A
Contact
Company Name:
Twenty First Cap
Website :
http://twentyfirstcapital.com/