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State Street Saudi Arabia Enhanced Active Equity UCITS ETF (Acc)
State Street Saudi Arabia Enhanced Active Equity UCITS ETF (Acc) is an actively managed exchange-traded fund domiciled in Ireland. It seeks to deliver returns exceeding the performance of Saudi Arabian equities over the medium to long term, benchmarked against the S&P Saudi Arabia BMI 5/10/40 Capped Index. The fund employs a systematic quantitative multi-factor stock selection model, incorporating factors such as quality, value, and market sentiment to construct a portfolio of approximately 64 holdings, with significant allocations to financials, materials, and energy sectors. Top holdings include leading Saudi companies in banking, oil, mining, and telecommunications. Launched in April 2026 and managed by State Street Global Advisors, this UCITS-compliant ETF accumulates income and is accessible to investors across multiple European countries. Denominated in USD with trading available in USD and EUR, it features a total expense ratio of 0.75 percent and supports settlement cycles suitable for institutional and retail participation, enhancing exposure to the Saudi equity market through an active, model-driven approach.