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×Investment Strategy
The fund invests in sukuk issued by Saudi, GCC and international corporates denominated in Saudi Riyal, US Dollar or any other currency. Moreover, the fund invests in sovereign sukuk, issued by the Saudi government, short-term money market instruments, as well as money market and fixed income mutual funds that are publicly offered and licensed by the Capital Market Authority (CMA). It also invests in derivatives contracts associated with structured instruments and products that comply with Shariah standards
Fund Facts
Fund Manager | SNB Capital Company |
Domicile | Saudi Arabia |
Eligibility | All Investors |
Fund Category | Sukuk |
Fund SubCategory | Shariah Compliant |
Inception Date | 31/08/2020 |
Inception Price | 10.00 |
Valuation Period | Weekly |
Valuation Basis | The fund is valued on Tuesday of every week. |
Fund Name | SNB Corporates Sukuk Fund - Class B |
Short Name | SNB Corporates Sukuk - B |
Fund Objective | The fund seeks to achieve long-term capital appreciation. |
Fund Classification | Growth |
Geographic Focus | GCC |
Currency | USD |
Structure | Open |
Fees And Expenses
Additional Subscription Information :
5,000.00
Management Fee | 0.75 % | Performance Fee | - |
Management Fee Type | Per annum | Min. Subscription | 10,000.00 |
Subscription Fee | - | Min. Redemption | 5,000.00 |
Redemption Fee | - | Custodian Fee | 0.04 % |
Date | Downloads | |
---|---|---|
SNB Corporates Sukuk Fund - Class B | 25/12/2023 |
2023 | 2021 | |||||
---|---|---|---|---|---|---|
Fund | H1 | H2 | Year | |||
SNB Corporates Sukuk Fund - Class B | - | - | ||||
|
Fund Performance
Data Not Available
NAV | 2,611,364.16 |
Unit Price | 10.3522 |
Last Update | 16/04/2024 |
Change | (0.32) % |
Previous Close | 10.39 |
12 Month Low | 9.93 |
12 Month High | 10.39 |
Performance Overview
Change (1M) | 0.07 % |
Change (3M) | 0.93 % |
Change (12M) | 3.58 % |
Change (3Y) | 1.61 % |
Change (5Y) | - |
YTD | 0.92 % |
Change Since Inception | 3.52 % |
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