10.028
NAV (Sep 21, 2023)
Historical NAV
%
NO DATA FOUND
- 7D
- 1M
- 3M
- YTD
- 1Y
- 3Y
- 5Y
- ALL
Fund Returns
Last 1Y
-5.95%
YTD
-5.58%
Last 3Y
N/A
Last 3 months
-1.63%
Last 5Y
N/A
About SNB Capital Sovereign Sukuk Fund Class B
Investment Objective
Established in 2019, SNB Capital Sovereign Sukuk Fund Class B is an open-ended fund. The fund aims to offer long-term capital appreciation to its investors by investing the funds in Shariah-compliant Sukuk funds. The fund does not distribute the profit among the unitholders. Instead, it reinvests the entire profit back in the fund. However, it is up to the fund manager whether they wish to distribute the profit among the unitholders based on the fund’s market performance.
With management fees of 0.4 percent, the fund is handled by Samba Capital & Investment Management Co. The firm is one person joint stock company based out of Riyadh, Saudi Arabia. The company is known for offering several services, including asset management, corporate finance, etc., to meet the investment need of its customers.
This SNB Capital Sovereign Sukuk Fund Class B ensures to make investments in money market funds and government funds that are based on Shariah guidelines. Being a low-risk fund, the fund managers ensure to invest in such a fund wherein the investors get a moderate return on their investment.
Expense Ratio
0.12%
Asset Class
Bond/Sukuk
Fund Type
Open
Fund Currency
SAR
Shariah Compliant
YES
Fund Objective
Growth
Risk Level
Low
Minimum Subscription
5000
Subscription charges
0%
Management fees
0.4%
Leverage
0%
Launched Date
2010/09/30
Fund Managers
SNB Capital
Fund Manager
FAQs about SNB Capital Sovereign Sukuk Fund Class B
What Kind of Returns does SNB Capital Sovereign Sukuk Fund Class B?
SNB Capital Sovereign Sukuk Fund Class B offers a return of -5.58% YTD.
How risky is the SNB Capital Sovereign Sukuk Fund Class B?
SNB Capital Sovereign Sukuk Fund Class B is a low-risk fund which indicates that you can invest in the fund for a short period of time and gain profit.
What minimum amount is required to invest in the SNB Capital Sovereign Sukuk Fund Class B?
When it comes to investing in the SNB Capital Sovereign Sukuk Fund Class B, you must have at least 5000 SAR in your account. This is the amount fixed by the fund managers that you should have when investing in this fund.
What is the average Annual Management Fee of SNB Capital Sovereign Sukuk Fund Class B?
0.4 percent is the average annual management fee of SNB Capital Sovereign Sukuk Fund Class B. You need to pay this amount to the financial advisor for managing your investment.
What is the Fund Type of SNB Capital Sovereign Sukuk Fund Class B?
SNB Capital Sovereign Sukuk Fund Class B is an open-ended fund. The significant advantage of this fund is that you get the benefit of withdrawing the fund on your desired working day.
Who manages the SNB Capital Sovereign Sukuk Fund Class B?
Samba Capital & Investment Management Co manages the SNB Capital Sovereign Sukuk Fund Class B. It is the biggest asset manager in the Middle East that successfully handles the fund.
What is the SNB Capital Sovereign Sukuk Fund Class B Fund’s goal?
SNB Capital Sovereign Sukuk Fund Class B Fund’s goal is to accomplish long-tenure capital appreciation by spending in Shariah-compliant Sukuk released by Saudi Arabia.
What is the expense ratio of the SNB Capital Sovereign Sukuk Fund Class B?
The expense ratio of the SNB Capital Sovereign Sukuk Fund Class B is 0.12%. This is the value that the fund charge to manage your money.
Investment Calculator
SAR 5000 per month
Over the past
- Total Investment of (SAR)0
Would have become (SAR)
0 (0%)
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