State Street
SAQL.DE
IE0002LI4M98
State Street Saudi Arabia Enhanced Active Equity UCITS ETF (Acc)
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About this ETF

The ETF tracks companies from Saudi Arabia. A quantitative multi-factor model is used in an attempt to achieve higher returns than the S&P Saudi Arabia BMI 5/10/40 Capped index.

TER
0.75%

Total Expense Ratio per year

Fund Size
€85.45M

Assets under management

Holdings
64

Underlying equities

Dividend Yield
-

Accumulating

Fundamentals & Estimates

Weighted valuation multiples and analyst forecasts

Valuation Multiples
Weighted P/E
12.56
Weighted Fwd P/E
11.45
💰 Revenue Estimates
Current Year CY
+9.65% ⌀ 7 Analysts Coverage
Next Year NY
+4.53% ⌀ 7 Analysts Coverage
📈 EPS Estimates (Earnings Per Share)
Current Year CY
+13.19% ⌀ 6 Analysts Coverage
Next Year NY
+20.86% ⌀ 7 Analysts Coverage

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ETF Profile
Provider
State Street
 State Street
Fund Type
ETF
Type
Actively Managed
Inception Date
04/14/2026 (5 mos)
Index Group
State Street Active Equity
Index
State Street Saudi Arabia Enhanced Active Equity
Region
-
Country
Saudi Arabia
Sector
-
Strategy
Multi Factor
Theme
-
Distribution Policy
Accumulating
Replication
Full replication
Sustainable
No

🛡️ Risk & Structural Analysis

Multi-Factor Risk Model & Market Data

4/7 Moderate
48/100 Moderate
Diversification Score
48/100 Moderate
3Y Volatility
-
Max Drawdown (3Y)
-
Sharpe Ratio (3Y)
-
Notes & Warnings
Fund Volume (AUM) Solid fund volume
🔴 Low analyst coverage (6.5 analysts, higher growth estimate uncertainty)
⚠️ Elevated top 10 holdings concentration: 54% of fund in top 10 positions.
🔴 High single-country risk: 100% of portfolio in "Saudi Arabia".
⚠️ Elevated emerging markets risk: 100% Emerging Markets.
⚠️ Sector concentration: 35% in "Financial Services".
⚠️ Industry concentration: 34% in "Banks - Regional".
🔴 High Commodity Concentration: 30% of fund depends directly on volatile energy and raw material markets.
🔴 Dominant Cyclicality: 71% in cyclical industries – higher drawdown risk in recessions.
⚠️ Elevated Interest Rate Sensitivity: 55% in rate-sensitive or leverage-heavy industries (real estate, banks, utilities).
⚠️ Elevated Regulatory & Policy Risk: 68% in heavily regulated industries (defense, regulated utilities, healthcare policy).
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