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SNB Capital Sovereign Sukuk Fund

Fixed Income

Essential Fund Resources

Funds Unit Prices

0.42 MB

Terms & Conditions

0.56 MB

Annual Report

3.22 MB

Factsheet

0.21 MB

Semi_Annual Report

0.94 MB

Disclosures

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SNB Capital Sovereign Sukuk Fund

The Fund aims to provide long term capital appreciation by primarily investing in Sovereign Sukuk denominated in Saudi riyals issued by government entities in the Kingdom of Saudi Arabia, namely, the Public Debt Management Office of Ministry of Finance, SAMA, and government funds, including sovereign funds, funds that take the form of pension and endowment funds which are fully and directly or indirectly owned by a government entity in accordance with the Fund's Shariah standards. Further, the Fund invests in short term cash instruments (Murabaha), and money market funds in accordance with the Fund's Shariah standards.

Principal Investment Strategies

The Fund primarily invests in the Saudi Market as well as short-term cash instruments (Murabaha) with peer entities supervised by SAMA or a similar entity outside the Kingdom. Moreover, the Fund invests in money market funds that comply with the Fund's Shariah standards, and that are publicly offered and licensed by CMA. The Fund may also invest in derivatives contracts denominated in Saudi Riyals and associated with structured instruments and products, which are in compliance with the Fund's Shariah standards, and which are denominated in Saudi riyals.

Fund's Key Details

Fund Currency
SAR
Risk Category
Low-Risk.
Benchmark
SIBOR 3 month index.
Objective
The Fund aims to provide long term capital appreciation by primarily investing in Sovereign Sukuk denominated in Saudi riyals issued by government entities in the Kingdom of Saudi Arabia, namely, the Public Debt Management Office of Ministry of Finance, SAMA, and government funds, including sovereign funds, funds that take the form of pension and endowment funds which are fully and directly or indirectly owned by a government entity in accordance with the Fund's Shariah standards. Further, the Fund invests in shortterm cash instruments (Murabaha), and money market funds in accordance with the Fund's Shariah standards.
Minimum Subscription Class (A)
SAR 50,000,000.
Minimum Subscription Class (B)
SAR 5,000.
Minimum Subsequent Subscription Class (A)
SAR 1,000,000.
Minimum Subsequent Subscription Class (B)
SAR 1,000.
Valuation Days
Business Days.
Dealing Days
Business Days.
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 Class (A)
0.25% of NAV p.a.
Management Fee Class (B)
0.40% of NAV p.a.
Offer Date
February 2019.
Initial Unit Price
SAR 10.

Principal Risks of Investing in the Fund

  • The Fund is a low risk investment fund. Upon redemption, the unit price may be reduced to a price lower than that is subscribed for in the Fund. There are no guarantees that the Fund will achieve any growth in its investments. The value of the Fund's investments may be declined, and the unitholders must be aware that that the principal amount invested in the Fund is not guaranteed, and there are no guarantees that the Fund's investment objectives will be realized.

  • The previous performance of the Investment Fund or the previous performance of the index is not indicative of the Fund's future performance.

  • There is no guarantee for Unitholders that the Fund's absolute performance or its performance compared to the index will be repeated or be similar to the previous performance.

  • The Fund Manager warns investors that investing in an investment fund is not a bank deposit.

  • The Fund Manager warns investors from the risk of loss of money when investing in the Investment Fund.

 

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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