About Al Rajhi Materials Sector Equity Fund
Al Rajhi Materials Sector Equity Fund is an investment fund profile on SNDUK. This page explains Al Rajhi Materials Sector Equity Fund performance, key fund facts, and investment strategy for investors comparing funds in Saudi Arabia.
Al Rajhi Materials Sector Equity Fund is managed by Al Rajhi Capital. Fund type: equity. Fund code: RJM. Assets under management: 57225425. Minimum investment: 10 ريال. Inception date: 11/11/2007.
Al Rajhi Materials Sector Equity Fund is an open-ended public investment fund in the equity category, and is characterized as a specialized sector fund that aims to achieve long-term growth, with its primary focus limited to the shares of companies in the materials sector listed on the Saudi market, while complying with the Shariah guidelines approved by the Fund’s Shariah Supervisory Committee.
The Fund uses a dedicated sector index to measure its performance, namely the Al Rajhi Materials Index calculated by S&P, which includes all materials sector companies in the Saudi markets that comply with Shariah guidelines. The index is used as an indicative investment universe for the Fund, with the Fund Manager having the ability to invest outside its constituents in accordance with the Fund’s investment strategy.
The investment policy of Al Rajhi Materials Sector Equity Fund allows a degree of flexibility in asset allocation, with investments in materials sector equities ranging from 50% to 100% of the Fund’s assets, and investments in other sector equities ranging from 0% to 30%, while 0% to 50% may be allocated to cash and money market instruments and funds.
The Fund may also invest up to 30% in other publicly offered investment funds that comply with Shariah guidelines, exchange-traded funds, and real estate investment funds, and up to 30% in publicly offered securities. The Fund Manager may hold more than 50% of the Fund’s assets in cash or money market instruments and funds under exceptional circumstances.
The Fund primarily invests in the Saudi market, and may invest in other Arab financial markets up to a maximum of 10% of its net asset value. The Fund may also use securities derivatives for the purposes of effective portfolio management and hedging risks, up to 10% of net assets, and may lend its assets up to 30% and obtain Shariah-compliant financing up to 15% of net assets to enhance the Fund’s assets.
Al Rajhi Materials Sector Equity Fund fund details
Al Rajhi Materials Sector Equity Fund is managed by Al Rajhi Capital. The asset manager oversees portfolio decisions and fund operations for Al Rajhi Materials Sector Equity Fund.
Al Rajhi Materials Sector Equity Fund is classified as a equity fund, which shapes its risk profile and investment universe.
Investors can identify Al Rajhi Materials Sector Equity Fund in market data using fund code RJM.
Al Rajhi Materials Sector Equity Fund reports assets under management of 57225425.
The minimum investment amount to participate in Al Rajhi Materials Sector Equity Fund is 10 ريال.
Al Rajhi Materials Sector Equity Fund was launched on 11/11/2007, giving investors a track record to evaluate long-term performance.
Al Rajhi Materials Sector Equity Fund performance summary
Return over 1 week: -0.4336%. Return over 1 month: +8.3783%. Return over 3 months: -0.3574%. Return over 6 months: +6.1049%. Return over 1 year: +1.5854%. Return over since inception: +91.9767%.
Use this SNDUK fund page to review Al Rajhi Materials Sector Equity Fund returns, manager details, and strategy before investing.
SNDUK publishes Al Rajhi Materials Sector Equity Fund data to help investors compare investment funds in Saudi Arabia with transparent performance and fund information.
