Watani KD Money Market Fund II

LAST UPDATED: 18 February 2025

FIRST FINANCIAL YEAR: 1.31%

ANNUALIZED 3 YEARS (SINCE INCEPTION): 0.84%

ANNUALIZED 6 YEARS (SINCE INCEPTION): 1.55%

END OF 4TH QUARTER 2024 (SINCE INCEPTION): 21.67%

CUMULATIVE RETURN (SINCE INCEPTION): 22.02%

ANNUALIZED RETURN (SINCE INCEPTION): 1.86%

ONE WEEK ANNUALIZED RETURN: 3.03%

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 thereafter 

SUBSCRIPTION/REDEMPTION DEALING DAY: By 2:30 PM on Monday

VALUATION DAY: Tuesday

MANAGEMENT FEE: Up to 1.00% per annum

INVESTMENT CONTROLLER FEE: 
Minimum of KD 25,000 per annum and according to the following:
•  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

CUSTODIAN FEE:
Minimum of KD 25,000 per annum and according to the following:
•  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.

SELLING AGENT: National Bank of Kuwait S.A.K.P.

CUSTODIAN AND INVESTMENT CONTROLLER: Kuwait Clearing Company K.S.C.

EXTERNAL AUDITOR: Mr. Safi Al Mutawa - KPMG Al-Qenae & Partners

FUND REGULATOR: Capital Markets Authority

DOMICILE OF THE FUND: Kuwait

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