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.

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
2,000 SAR
Minimum Additional Subscription
1,000 SAR
Minimum Redemption
1,000 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 2,000 SAR
Minimum Additional Subscription 1,000 SAR
Minimum Redemption 1,000 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 

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