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SNB Capital Corporates Sukuk Fund

Fixed Income Funds

Essential Fund Resources

Funds Unit Prices

0.42 MB

Factsheet

0.22 MB

Annual Report

3.22 MB

Disclosures

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SNB Capital Corporates Sukuk Fund

The Fund is a public open-ended fund and its investment objective is to provide long term capital appreciation by investing mainly in Corporates Sukuk denominated in Saudi riyals or United Satates Dollars or any other currencies in accordance with the Fund's Shariah standards.

Principal Investment Strategies

The Fund invests in the following Shariah-compliant securities ("Target Securities"):

  • Sukuk of Local and GCC coporates issued in Local or GCC markets or any Local or GCC issuances issued in the international markets denominated in Saudi riyals or Uinted Satates Dollars or any other currencies in accordance with the Fund's Shariah standards;

  • The fund can invest in Sovereign Sukuk issued by Saudi Government or any Sukuk issued directly or indirectly by Saudi Government Entities or any other goverments within GCC or any Local or GCC issuances issued in the international markets denominated in Saudi riyals or United Satates Dollars or any other currencies

  • Short term instruments (Murabaha) with counterparties regulated by SAMA or a similar regulatory body outside the Kingdom;

  • The Fund may invest in money market and fixed income funds in accordance with Shariah standards, which are publicly offered and licensed by CMA.

  • The Fund may invest in derivatives associated with structured instruments and products that comply with Shariah standards of the Fund, and structured instruments and products denominated in Saudi riyals or United Satates Dollars or any other currencies that comply with Shariah standards of the Fund for hedging purposes (interest rate risk).

Fund's Key Details

Fund Currency
USD-Risk.
Risk Category
Medium-Risk.
Benchmark
60% S&P GCC Sukuk Index + 40% LIBOR for one month index
Objective
The Fund is a public open-ended fund and its investment objective is to provide long term capital appreciation by investing mainly in Corporates Sukuk denominated in Saudi riyals or United Satates Dollars or any other currencies in accordance with the Fund's Shariah standards.
Minimum Subscription
USD 5,000,000.
Class(A) Class(B)
USD 10,000.
Minimum Subsequent Subscription
USD 1,000,000.
Class(A) Class(B)
USD 5,000.
Valuation Days
Tuesday.
Dealing Days
Tuesday.
Subscription Days
Business Days.
Subscription Request cut off time
12 p.m. on the Business Day preceding the relevant Dealing Day
Subscription Fee
Not Applicable.
Management Fee
0.75% of NAV p.a.
Other expenses
These fees and charges are not expected to exceed 0.5% of NAV and shall be calculated on each valuation day. In addition, this limit (0.5% of the NAV) includes any fees / charges payable by the Fund (including fees and charges stated in this table contained Conditions except for administration, custody, dealing and financing fees
Offer Date
July 2020.
Initial Unit Price
USD 10.

Principal Risks of Investing in the Fund

The Fund invests in the following Shariah-compliant securities ("Target Securities"):

  • Sukuk of Local and GCC coporates issued in Local or GCC markets or any Local or GCC issuances issued in the international markets denominated in Saudi riyals or Uinted Satates Dollars or any other currencies in accordance with the Fund's Shariah standards;

  • The fund can invest in Sovereign Sukuk issued by Saudi Government or any Sukuk issued directly or indirectly by Saudi Government Entities or any other goverments within GCC or any Local or GCC issuances issued in the international markets denominated in Saudi riyals or United Satates Dollars or any other currencies

  • Short term instruments (Murabaha) with counterparties regulated by SAMA or a similar regulatory body outside the Kingdom;

  • The Fund may invest in money market and fixed income funds in accordance with Shariah standards, which are publicly offered and licensed by CMA.

  • The Fund may invest in derivatives associated with structured instruments and products that comply with Shariah standards of the Fund, and structured instruments and products denominated in Saudi riyals or United Satates Dollars or any other currencies that comply with Shariah standards of the Fund for hedging purposes (interest rate risk).
 

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SNB Capital is a Saudi Joint Stock Company with a paid up capital of SAR 1,500,000,000 and is authorised by the Capital Market Authority of the Kingdom of Saudi Arabia with a license number 37-06046 granted by Capital Market Authority to carry out dealing, as principal and agent, and underwriting, managing, arranging, advising and custody, with respect to securities. SNB Capital Company, CR1010231474, the registered office is at King Saud Road, Regional Building P.O. Box 22216, 11495 Riyadh, Kingdom of Saudi Arabia. +966 11 874 7106

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