- Launch Date: 10-Jun-2001
- Fund Classification: Fund of Funds
- Sector Focus: Multi Assets Mutual Funds
- Risk Level: High
- Fund Currency: Saudi Riyals (SAR)
- Dealing Days: Monday to Thursday
- Redemptions Settlement: 5 Business Days
It is an open-ended public fund that invests in a group of funds that aims to achieve long term capital growth with a high-risk level
The Fund invests the majority of its assets in a portfolio of high-risk funds such as local, regional and international equity funds, exchange-traded funds, real estate development funds and private equity funds, and invests the remaining part of its assets in fixed income funds such as bond, sukuk, real estate, and securitization funds, and in low-risk funds such as money market and Murabaha funds.
The Fund will invest as follows:
|Low Risk Funds||Non||Non|
|Fixed Income Funds||Non||Non|
|High Risk Funds||70%||Non|
Minimum Subscription, Balance, Additional Subscription and Redemption:
Minimum subscription and balance: SAR 5000
Minimum additional subscription and redemption: SAR 1000
Fees and expenses:
Subscription Fees: Maximum 1% of subscription value
Management Fees: 0.85% annually of Fund’s Net Assets Value, Funds invested in are also subject to management fees.
Past performance is not a guarantee of future returns. The value of units, the income from them, the prices and currencies of the funds, can go down as well as up. Investors may get back less than he or she originally invested. Additionally fees shall apply on the fund. Changes in currency rates may have an adverse effect on the value, price or income of the security. To ensure proper understanding of the fund and its suitability for you according to your risk tolerance, we recommend that you seek a specialized investment advisor. More information about the fund is available in the Terms and Conditions applicable to that fund and must be read carefully before investing. While reading the fund’s Terms and Conditions, please refer to the principal risks of investing in the Fund.