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.
|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 %|
Degree of 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.
S &P Saudi Arabia Domestic Shariah Index (its code is SPSHDSAD)
Minimum Additional Subscription
Minimum Retained Investment Balance
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.
Up tp 2% of the initial and additional subscription values and are to be paid in advance
At a rate of 0.75% is calculated per annum on the Fund’s net asset value and is paid on a monthly basis.
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:
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