Al Rajhi Monthly Distribution Fund 3
Asset Management
Asset Management
Al Rajhi Monthly Distributions Fund 3 is an open-ended investment fund that aims to distribute monthly income to investors by investing in income-generating securities, namely stocks and publicly traded investment funds, including real estate investment trusts, publicly traded debt and fixed income instruments, money market and money market funds, and other private sector investment funds that have similar objectives and strategies to the fund and are compliant with the Sharia standards approved by the Sharia Supervisory Committee appointed for the fund.
| Fund’s Information | |
|---|---|
| Fund Type | Multi-assets Public open-ended investment fund |
| Fund Domicile | Kingdom of Saudi Arabia |
| Risk Level | High |
| Inception Date | Maximum 5 days after IPO |
| Inception Price | SAR 10 |
| Fund currency | Saudi Riyal |
| Benchmark | Composite Index (30% SAIBOR - 6 Months + 30% S&P REIT Index (price return) + 40% S&P Dividend Saudi Equity (price return) |
| Subscription Fees | 1%Max. out of each subscription value |
| Management Fees | 1.25% annually of the fund’s net asset value |
| Minimum Subscription | SAR 10 |
| Minimum additional subscription | SAR 1 |
| Minimum redemption | SAR 10 |
| Valuation days | Daily - Sunday to Thursday |
| Cut-Off Time | Before 10:00 AM on the transaction day . |
| Announcement Day | Following the Dealing Day |
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.