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Current Fund Prices

Our table provides a detailed overview of the price movement of all the mutual funds we offer in relation to their current price, so that our clients can track the funds' performance.

Announcement Date : 28/09/2017
Valuation Performance
Fund Name Date of Inception Price of Inception Current Price As of % from previous valuation %YTD %Since Inception
Elite Flexi Saudi Equities Fund 25/05/2016 100.0000 107.4105 22/01/2018 -0.26 % 1.34 % 7.41 %

Fund Summary

Fund Currency

Saudi Riyal

Degree of Risk

High Risk

Main Investment Strategy

Investment in companies’ equities listed in the Saudi Stock Market, in addition to investing in the Initial Public Offering in Saudi Arabia, UAE, Qatar, Kuwait, Oman, Bahrain, Jordan, Egypt, Tunisia and Morocco ("Middle East and North Africa Countries"), consistent with the Shariah Investment Guidelines.

Benchmark

S &P Saudi Arabia Domestic Shariah Index (its code is SPSHDSAD)

Minimum Subscription

SR 50,000

Minimum Additional Subscription

SR 10,000

 

Minimum Redemption

SR 10,000

 

Minimum Retained Investment Balance

SR 50,000

 

Days for Accepting Subscription and Redemption Requests

Every business day

 

Deadline for receiving the Subscription and Redemption Requests

At 4:00 pm KSA on the dealing day

 

Dealing / Evaluation Day

The day on which the net asset value per unit is determined. It occurs every Monday and Wednesday, provided that they are business days

 

Payment Date of the Redeemed Units Value for Subscribers

Before the close of business on the third day following the evaluation point on which the redemption price was identified.

 

Subscription Fees

Up tp 2% of the initial and additional subscription values and are to be paid in advance

 

Management Fees

At a rate of 0.75% is calculated per annum on the Fund’s net asset value and is paid on a monthly basis.

 

Performance Fees

The Fund pays performance fees at a rate of 20%, if the Fund Manager achieves a better performance than the (SPSHDSAD) benchmark performance, and it is calculated as follows: 20% multiplied by the difference between the Fund’s performance and the (SPSHDSAD) benchmark performance. So that:

  • It consists of the basic fees and the adjusted difference in the performance level.
  • The adjusted difference in the performance level is added to the Management fees or subtracted in proportion, based on the comparison between the Fund’s performance and the (SPSHDSAD) benchmark performance.
  • The performance fees are calculated on a quarterly basis and paid at the end of the fiscal year. The performance fees are payable to the Fund Manager in the following fiscal year or when redeeming units.
  • Performance fees for the first fiscal year are calculated on a quarterly basis starting from the Fund’s inception date until the end of the fiscal year ended on the 31st of December 2016; however, they are paid after 12 months from the inception date, and then the fees are paid after the end of each fiscal year for the Fund.
  • According to the text of Article (34) of clause (L) of the Investment Funds Regulations
 

Custody and Administrative Services fees

At a rate of 0.10% per year calculated from the Fund’s net asset value and paid on a monthly basis.

 

Early Redemption Fees

At a rate of 1.00% of the net value of the redeemed units within 30 business days of the subscription.

 

Fund’s Commencement Date

25 May 2016

 

Unit Price at the beginning of the IPO

SR 100

Terms & Conditions

Thursday, May 25, 2017Voting Policy

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Thursday, May 25, 2017Terms & Conditions

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Semiannual Audit Reports

Thursday, August 17, 2017Elite Flexi fund Semiannual annual report

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Wednesday, November 23, 2016Elite Flexi Saudi Equites Fund

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Fund Quarterly Report

Sunday, January 14, 2018ELITE Q4 2017 REPORT

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Wednesday, March 1, 2017Elite Flexi Rep Quarterly -December 2016

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Thursday, October 12, 2017Elite Q3 2017 Report

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Monday, July 10, 20172017 Q2 REPORT

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Thursday, May 25, 20172017 Q1 Report

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Tadawul

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