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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 and launched in April 2026. Its primary objective is to deliver returns exceeding the performance of Saudi Arabian equities, benchmarked against the S&P Saudi Arabia BMI 5/10/40 Capped Index, through a proprietary quantitative model that evaluates factors like quality, value, market sentiment, sector trends, and macroeconomic inputs. The fund maintains a portfolio closely aligned with the benchmark's characteristics, including sector weights within +/-1.25% and individual security weights within +/-1%, while adhering to UCITS-compliant 5/10/40 diversification rules. It holds around 64 stocks, with significant allocations to financials, materials, energy, and communication services sectors, featuring top holdings such as Saudi National Bank, Al Rajhi Bank, and Saudi Arabian Oil Co. Denominated in USD with an accumulation share class that reinvests income, the ETF is designed for medium- to long-term investors seeking enhanced exposure to the Saudi equity market via a core active strategy.