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.
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 1,000
Minimum additional subscription
SAR 500
Minimum redemption
SAR 500
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 (Celebrating Saudi National Day 92, 50% discount on the subscription fees until 30 September 2022)
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 1,000
Minimum additional subscription SAR 500
Minimum redemption SAR 500
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

 

(Celebrating Saudi National Day 92, 50% discount on the subscription fees until 30 September 2022)

Redemption Fees None

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