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SNB Capital GCC Growth and Income Fund

Local and Regional Equity Funds

Essential Fund Resources

Funds Unit Prices

0.42 MB

Semi-Annual Report

1.51 MB

Terms & Conditions

0.75 MB

Annual Report‎

3.62 MB

Factsheet

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Disclosures

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SNB Capital GCC Growth and Income Fund

The Fund seeks to achieve long-term growth, and income distribution through primarily investing in GCC equity markets with good potential growth in earnings and cash flows in accordance with the Shariah guidelines issued by the Fund Shariah Board

Principal Investment Strategies

The following principal investment strategies will be used to achieve the Fund objectives:

  • Investing primarily in shares of listed companies that meet the guidelines issued by the Shariah Board. In addition, the Fund may invest in ETFs, local IPO's and Rump Offerings whenever possible. Surplus cash may be invested in Shariah compliant Murabaha transactions and/or funds. The Fund may also have a limited exposure to Sukuk.
  • The Fund will invest in selected Sahriah compliant companies listed in the GCC equity markets. However, in exceptional circumstances, the Fund may retain 30% of its assets in cash.
  • The investments in the Fund are subject to the Fund Managers Investment Process which includes quantitative screens, company analysis and a rigorous review discipline.
  • If the Fund invests in money market or fixed income instruments, the minimum credit rating of the investee Sukuk and counterparties will be as determined by one of the international credit rating agencies as per the following: Standard & Poor's: BBB-, Moody's: Baa3, Fitch: BBB-. In the absence of credit rating of the Fund's investments or counterparties, the Fund Manager will rate the quality of investments internally based on the stability and soundness of the financial position of the counterparty or issuer. The Fund's maximum exposure to any single counterparty will be 20% of the Fund's net asset value.
  • The Fund will not invest in securities other than those mentioned above.


For more information on the Fund’s investment strategies please refer to the Terms & Conditions.

Fund's Key Details

Currency
Saudi Riyal
Risk level
High Risk
Benchmark
S&P GCC Shariah Dividend Index
Objectives
The Fund seeks to achieve long-term growth and income distribution through primarily investing in GCC equities with good potential growth in earnings and cash flows.
Minimum Investment
SAR 5,000
Minimum Additional Subscription
SAR 2,000
Minimum Additional Subscription and Subscription through Regular Investment Scheme
SAR 100
Minimum Redemption
SAR 2,000
Minimum Holding of Units
SAR 2,000, with the exception of participants through the Regular Investment Scheme.
Valuation Days
Every Dealing Days.
Dealing Days
Every Saudi Business day.
Subscription/ Redemption Days
Every Saudi Business day.
Subscription/ Redemption Request cut off time
Before or at 10:00 AM on the Dealing Day.
Subscription Fee
Up to 2% of the amount paid by the Investor.
Management Fee
1.85% p.a. of the Fund’s NAV to be calculated and deducted on each valuation day.
Redemption Proceeds
Will be made available to the Unitholder within before the close of business on the fourth day following the Valuation Day.
Other expenses
Other expenses chargeable to the Fund (including audit, Shariah, custody, data processing, finance, and other legally permitted charges). However, other expenses will not to exceed 1.5% from the Fund’s average Assets.
Initial Public Offering Date
2/7/1432H, corresponding to 4/06/2011G
Initial Unit Price
SAR 1.00

Principal Risks of Investing in the Fund

The Fund is of high risk and no assurance may be given by NCB Capital that any appreciation in the value of the Fund’s investments will occur. The value of the Fund’s underlying investments and the income derived from them may go up and go down as well. No assurance may be given by NCB Capital that investment objectives of the Fund will actually be achieved. Moreover, past performance of the Fund, if any, is not an indication of any future growth of rates of return.

For more information on the Fund’s investment strategies please refer to the Terms & Conditions.

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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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