headerdarkblues

Al Rajhi MSCI Saudi Multi Factor Index Fund

Asset Management

Objective

Al Rajhi MSCI Saudi Multi Factor Index Fund is an open-ended fund that aims to achieve a medium to long-term capital growth by tracking the performance of MSCI Saudi Multi Factor Index, which comply with the Shariah Board's regulations.

Terms & conditions  Zakat Collection on Mutual Funds Fund Brochure  Fact Sheet  Quarterly Statement Report  Interim Financial Statement  Financial Statement 
Fund Type
Public, open-ended
Fund Manager
Al Rajhi Capital
Offering Date
Offering Date From 20/01/2019 till 31/01/2019
Fund Currency
Saudi Riyals
Risk Level
High
Benchmark Index
MSCI Saudi IMI Domestic ex-client defined exclusion Diversified Factor Mix index. A diversified factor mix custom index calculated by MSCI based on the stock exclusions defined by ARC. It will be referred to as the (MSCI Saudi Multi-Factor Index)
Investment objective
Medium to long-term capital growth by tracking the performance of MSCI's Saudi Multi Factor Index, which complies with the Al Rajhi Shariah Boards rules
Eligible Subscribers
Any qualified natural or legal person
Unit Price at Issuance
10 SAR
Minimum Subscription
10 SAR
Minimum Additional Subscription
1 SAR
Minimum Redemption
10 SAR
Minimum Balance
2,000 SAR
Subscription and Redemption Channels
- Investment centers (from Sunday to Thursday) - Electronic channels (seven days a week)
Deadline for receiving subscription and redemption requests
At 5 pm on the day before dealing day
Dealing Days
Monday and Wednesday
Evaluation Days
Each working day
Announcement Days
Announcement Days Next working day after the valuation day
Pay-out of Redeemed Units
The redemption of units will be paid to the unitholder no later than the close of business on the 5th day following the dealing day at which the price of redemption was determined
Subscription Fee
Nil
Management Fees
1 % per annum from net asset value
Custody Fees
Will be paid by the Fund Manager
Transaction Fees
The Fund will bear commissions and fees resulting from the transactions, the purchase and sale of securities according to the prevailing market prices, which are paid to the brokers, securities markets and regulators
Other Expenses
The Fund Manager will bear the necessary and actual fees for its management, including audit, custody, publishing, remuneration of Board members of the fund, regulatory fees and other expenses
Fund Summary
Fund Type Public, open-ended
Fund Manager Al Rajhi Capital
Offering Date Offering Date From 20/01/2019 till 31/01/2019
Fund Currency Saudi Riyals
Risk Level High
Benchmark Index MSCI Saudi IMI Domestic ex-client defined exclusion Diversified Factor Mix index. A diversified factor mix custom index calculated by MSCI based on the stock exclusions defined by ARC. It will be referred to as the (MSCI Saudi Multi-Factor Index)
Investment objective Medium to long-term capital growth by tracking the performance of MSCI's Saudi Multi Factor Index, which complies with the Al Rajhi Shariah Boards rules
Eligible Subscribers Any qualified natural or legal person
Unit Price at Issuance 10 SAR
Minimum Subscription 10 SAR
Minimum Additional Subscription 1 SAR
Minimum Redemption 10 SAR
Minimum Balance 2,000 SAR
Subscription and Redemption Channels - Investment centers (from Sunday to Thursday) - Electronic channels (seven days a week)
Deadline for receiving subscription and redemption requests At 5 pm on the day before dealing day
Dealing Days Daily - Sunday to Thursday
 Cut-Off Time & Day Monday and Wednesday Before 2:00 PM 
Evaluation Days Each working day
Announcement Days Announcement Days Next working day after the valuation day
Pay-out of Redeemed Units The redemption of units will be paid to the unitholder no later than the close of business on the 5th day following the dealing day at which the price of redemption was determined
Subscription Fee Nil
Management Fees 1 % per annum from net asset value
Custody Fees Will be paid by the Fund Manager
Transaction Fees The Fund will bear commissions and fees resulting from the transactions, the purchase and sale of securities according to the prevailing market prices, which are paid to the brokers, securities markets and regulators
Other Expenses The Fund Manager will bear the necessary and actual fees for its management, including audit, custody, publishing, remuneration of Board members of the fund, regulatory fees and other expenses 
 

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.


Get in touch

Be informed...

Subscribe to latest reports and updates

Keep up with the latest updates from Al Rajhi Capital.

Asset Management Go to top