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NBK Wealth

Watani USD Money Market Fund

The fund seeks to achieve returns higher than the rate of return on fixed deposits in US Dollars. 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 USD

12.113000

As of 17 December 2024
  • Fund Structure
    Open-ended
  • Asset Class
    Money Market
  • liquidity
    Weekly
  • Inception Date
    24 November 2014
Performance
Fund
First Financial Year
0.95%
Annualized 3 Years (Since Inception)
0.86%
Annualized 6 Years (Since Inception)
1.26%
End of Q3'24 (Since Inception)
19.85%
Cumulative Return (Since Inception)
21.13%
Annualized Return (since Inception)
1.90%
One Week Annualized Return
4.45%

Value not available

Fund Structure:

Open-ended fund

Currency:

U.S. Dollar

Inception Date:

24 November 2014

Liquidity:

Weekly

Minimum Investment:

USD 1,000/- and in increments of USD 10/-

Subscription/Redemption Deadline:

By 11:59 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 USD 9 million

0.035% of the Fund’s Net Asset Value for the amount above USD 9 million until USD 15 million

0.02% of the Fund’s Net Asset Value for any amount above USD 15 million

Fees of the Custodian:

0.05% of the Fund’s Net Asset Value until USD 9 million

0.035% of the Fund’s Net Asset Value for the amount above USD 9 million until USD 15 million

0.02% of the Fund’s Net Asset Value for any amount above USD 15 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:

Safi A. Al-Mutawa | 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: NBKC-Fundadministration@nbkcapital.com

Fact Sheet
30 / 11 / 2024
Articles of Association
24 / 11 / 2024
Subscription Form
12 / 12 / 2024
Redemption Form
12 / 12 / 2024
Investment Risks
27 / 05 / 2023
Financial Statements
30 / 09 / 2024

Management Team - Watani USD Money Market Fund

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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