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Al Rajhi Monthly Distribution Fund

Asset Management

Al Rajhi Monthly Distribution Fund is a public open-ended investment fund, which aims to generate regular income on a monthly basis through investing and effectively managing the portfolio of selected income-generating securities, such as stocks, Exchange Traded Funds, REITs, debt securities, fixed income and money market securities in accordance with Al Rajhi Capital’s Shariah Committee guidelines.

Key Fund's Features

  • Targeting monthly distribution to unitholders.
  • Daily subscription and redemption.
  • Active management to target profitable investments.
Terms & conditions  Zakat Collection on Mutual Funds Interim financial statements Financial Statement Fund Brochure Quarterly Statement Report 
Fund Type
Multi-assets Public open-ended investment fund
Income Distribution
The Income Distribution value determined by the Fund manager, if any, are due by the Fund on a monthly basis, on the 15th day of each calendar month. The fund manager will distribute income received from the investments. The Fund manager is also entitled to distribute the realized capital gains or part of it. Income will be distributed by the Fund before the end of the fifth business day following the date of the eligibility of income distribution to the subscribers registered in the Fund on the distribution date, as the value of the unit will decrease by the amount distributed.
Risk
High
Minimum Subscription
SAR 10
Minimum additional subscription
SAR 1
Minimum redemption
SAR 10
Dealing and Valuation days
Daily, from Sunday to Thursday
Unit price at Issuance (face value)
SAR 10
Fund currency
Saudi Riyal
Investment Fund period
Open-ended
Management Fees
The Fund manager is entitled to a management fees of 1.25% annually of the net asset value. This percentage is calculated at each valuation day and is deducted from the Fund's assets at the end of each calendar month.
Subscription Fees
The Fund manager is entitled to a subscription fee of a maximum of 1% of the value of each subscription, deducted directly upon each subscription to the Fund, which is non-refundable. The Fund manager may, at his own discretion, reduce this percentage
Minimum Redemption
Not applicable
Valuation Frequency & Days
Daily - Sunday to Thursday
Redemption Days
None
Fund’s Information
Fund Type Multi-assets Public open-ended investment fund
Income Distribution The Income Distribution value determined by the Fund manager, if any, are due by the Fund on a monthly basis, on the 15th day of each calendar month. The fund manager will distribute income received from the investments. The Fund manager is also entitled to distribute the realized capital gains or part of it. Income will be distributed by the Fund before the end of the fifth business day following the date of the eligibility of income distribution to the subscribers registered in the Fund on the distribution date, as the value of the unit will decrease by the amount distributed.
Risk High
Minimum Subscription SAR 10
Minimum additional subscription SAR 1
Minimum redemption SAR 10
Dealing and Valuation days Daily - Sunday to Thursday
Cut-Off Time & Day Daily - Sunday to Thursday Before 2:00 PM 
Unit price at Issuance (face value) SAR 10
Fund currency Saudi Riyal
Investment Fund period Open-ended
Management Fees The Fund manager is entitled to a management fees of 1.25% annually of the net asset value. This percentage is calculated at each valuation day and is deducted from the Fund's assets at the end of each calendar month.
Subscription Fees

The Fund manager is entitled to a subscription fee of a maximum of 1% of the value of each subscription, deducted directly upon each subscription to the Fund, which is non-refundable. The Fund manager may, at his own discretion, reduce this percentage
Redemption Fees None
 

Headquartered in Riyadh, Al Rajhi Capital is a Limited Liability Company organized and existing under the laws and regulations of Saudi Arabia and operates under the Authorized Persons Regulations with license number 07068-37 granted by the Capital Market Authority and provides financial and investment related services.


Consideration must be given, that the previous performance is neither an indicator nor a guarantee for achieving returns in the future. Taking into account that investments in mutual fund are subjected to market fluctuations, and the value of units and their generated income may increase or decrease accordingly, resulting in partial or total loss. Also, the fees imposed on the funds such as subscription, performance and management fees may apply. Therefore, investors are advised to consider their personal and financial status and refer to professional experts in the field of investment and legal consultancy, prior to enrolling in any product or a particular fund. Al Rajhi Capital may invest in the fund or related securities. Al Rajhi Capital may have also provided within the previous 12 months signification advice or security business services to the issuer of the securities concerned or of a related security. The source of any indicative information concerning past performance is from Al Rajhi Capital, and such information can be confirmed by reviewing the respective factsheets made available on the company website (www.alrajhi-capital.com). The terms and conditions of every fund encompass detailed and specific information about the product and its risks. It is advisable to read and understand such information before entering into any agreement. Terms and conditions, factsheets and financial statements related to the fund can be obtained from the company website or any of our dedicated investment centres.


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