- Launch Date: 31-Dec-2002
- Fund Classification: Fund of Funds - Sharia Compliant
- Sector Focus: Multi Assets Mutual Funds
- Risk Level: Moderate
- 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 are Shariah compliant approved by the Shariah Board and aims to achieve a balance between growth and capital protection in the medium and long term with moderate risks level.
The Fund invests its assets in a balanced portfolio of low-risk funds such as money market and Murabaha funds, and in fixed income funds such as bond, sukuk, real estate and securitization funds, and in high-risk funds such as local, regional and international equity funds, exchange-traded funds, real estate development funds and private equity funds.
The Fund will invest as follows:
|Low Risk Funds||20%||Non|
|Fixed Income Funds||20%||Non|
|High Risk Funds||25%||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: 0.40% annually of Fund’s Net Assets Value, Funds invested in are also subject to management fees.
Past performance is not necessarily a guarantee of future performance. The unit holder shall bear the responsibility for any financial loss that may result from investing in the fund Also, the value of units and the income generated from them and their prices can go down and up at any time. investing in the fund is not considered as a deposit with any local bank. It is possible for the investor to redeem an amount less than the amount he originally invested, in addition to that, the fees incurred by the fund and changes in currency exchange rates may negatively affect the value, price or income of the security. The fund fees and expenses are applicable as mentioned in the Fund’s terms and conditions.. It is possible that Riyad Capital has provided securities business services to the issuer of securities or related securities during the previous twelve months. Riyad Capital, or any of its employees, or any of its subsidiaries or related companies, may have a financial interest in the assets of this fund. The investor should consult a qualified investment advisor to determine the appropriateness of his investment in this fund and the potential risks. To obtain more information about the fund before investing, you can refer to the terms and conditions of the fund and read them carefully, including the risks related to the fund. A copy of the Terms and Conditions is available through our website