SNB Capital Corporates Sukuk Fund - Class A

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4.90

USD 10.0245

NAV (Apr 1, 2023)

+1%

NAV (Apr 1, 2023)

Historical NAV

NAV (Apr 1, 2023)

+0.75%

Fund Returns

Last 1Y

-4.21%

YTD

-4.22%

Last 3Y

N/A

Last 3 months

-0.1%

Last 5Y

N/A

About SNB Capital Corporates Sukuk Fund - Class A

Investment Objective

SNB Capital Corporates Sukuk Fund Class A in Saudi Arabia is an open-ended fund that comes with medium risk. This implies that the investors who can bear minimum to moderate risk can go ahead with investing in this fund. This fund can be the perfect option for people looking to grow their wealth within a timeframe of 3-5 years. It invests in both equity and debt funds to gain reliable risk-adjusted profits.

This Sukuk fund class A spends funds in Sukuk released by Gulf organisations in the domestic and GCC nations markets. In addition to this, it also invests in Gulf or Saudi Sukuk originations stocks that are released in the worldwide market and are Shariah compliant.

It also put the money in free and independent Sukuk approved by the Saudi government. Besides this, any Sukuk authorised explicitly or indirectly by Saudi government entities or any Saudi and Gulf Sukuk issuances that are released on international financial markets that are Shariah-compliant.

All the profits earned in the investment are reinvested back into the fund. However, it is totally up to the fund managers whether he wishes to distribute the profit to the shareholders or not. They have to make this decision based on their understanding and the fund's performance and profits.

Expense Ratio

0.0063%

Asset Class

Bond/Sukuk

Fund Type

Open

Fund Currency

USD

Shariah Compliant

YES

Fund Objective

Growth

Risk Level

High

Minimum Subscription

5000

Subscription charges

0.02%

Management fees

0.0175%

Leverage

Launched Date

2010/09/30

Fund Managers

SNB Capital

Fund Manager

FAQs about SNB Capital Corporates Sukuk Fund - Class A

What Kind of Returns does SNB Capital Corporate Sukuk Fund Class A?

SNB Capital Corporates Sukuk Fund Class A offers a return of -4.13% YTD.

How risky is the SNB Capital Corporates Sukuk Fund Class A?

SNB Capital Corporates Sukuk Fund Class A is a medium-risk fund. Hence, if you are looking to invest for a short tenure, i.e.1-3, years, this fund can be your go-to option.

What minimum amount do you need to invest in the SNB Capital Corporates Sukuk Fund Class A?

The minimum cost required to invest in the SNB Capital Corporates Sukuk Fund Class A is USD The limit for each fund is determined by the fund's type and investing aim. Nonetheless, other funds have lesser minimums, making mutual fund investment more approachable to all participants.

What is the average Annual Management Fee of SNB Capital Corporates Sukuk Fund Class A?

The average Annual Management Fee of SNB Capital Corporates Sukuk Fund Class A is 0%. This value is the cost that the fund charge for managing the investment professionally.

What is the Fund Type of SNB Capital Corporates Sukuk Fund Class A?

SNB Capital Corporates Sukuk Fund Class A is an open-ended fund. Hence, as the name suggests, it is always open to making investments. This is the perfect way to pool funds at a low cost and seamlessly.

Who manages the SNB Capital Corporates Sukuk Fund Class A?

SNB Capital is responsible for handling SNB Capital Corporates Sukuk Fund Class A. The firm is known for offering a wide range of asset management services.

What is the SNB Capital Corporates Sukuk Fund Class A Fund's goal?

SNB Capital Corporates Sukuk Fund Class A Fund's goal is to gain capital appreciation in the long run by investing majorly in corporate Sukuk funds. This investment is made as per Shariah guidelines.

What is the expense ratio of the SNB Capital Corporates Sukuk Fund Class A?

The expense ratio of the SNB Capital Corporates Sukuk Fund Class A is 0.26%. This percentage showcases the amount the fund charges annually for handling your portfolio.

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