United GCC Fund
Investment Objective
The fund seeks to provide long-term capital appreciation and dividend income.
Investment Strategy
The fund aims to achieve its objective through dynamic investment in equities listed in the GCC region. From time to time, the fund may participate in other equity-related and debt instruments. Typically, the portfolio is invested in highly liquid common equity with a market cap of USD100M and above.
The fund follows a bottom-up approach to investing, where each investment opportunity is weighted on parameters such as economic moat. The fund invests in companies that the fund manager believes are undervalued and has an adequate margin of safety. A stringent process is followed where every decision is backed by the thorough research.
Fund Returns
The following data are intended to help you understand the risks and returns of investing in the fund. The graph compares United GCC fund return with the S&P GCC index, which has similar characteristics as the fund. S&P GCC index measures 70-80% on the total market cap of the GCC equities, incorporating all the sectors and bourses with allocation depending on the float adjusted market cap.
Dividend payment history
Dividend distribution is based on the performance of the fund. Since inception, the minimum dividend paid in a year was 3%.The table below shows the dividend payment history of the fund
2019 |
2018 |
2017 |
2016 |
2015 |
2014 |
2013 |
2012 |
|
Cash dividend |
7% |
3% |
3% |
3% |
5% |
5% |
10% |
5% |
Bonus shares |
- |
- |
- |
3% |
- |
- |
8% |
3% |
Subscription & redemption
Subscription to the units of the funds is carried out on weekly basis. Units are offered at theNet Asset Value (NAV) per unit. The minimum investment amount to the United GCC fund is OMR3,000.Units of United GCC fund can be redeemed at any time provided that the redemption form is submitted 3 works days prior to the redemption day.
Reporting
United GCC fund reports the NAV on a weekly basis. Fund fact sheet is reported monthly, which details the NAV, asset allocation statistics and top holdings in the fund. United GCC fund financials are reported on a quarterly basis and published on the Muscat Securities Market website.
UNITED GCC FUND LATEST FACTSHEET (Link to PDF file: to be uploaded monthly)
UNITED GCC FUND PROSPECTUS (Link to fund prospectus)
SUBSCRIBE TO UNITED GCC FUND (Link to UGCC subscription form)