About Aljazira Asset Allocation Fund - Conservative Strategy
Aljazira Asset Allocation Fund - Conservative Strategy is an investment fund profile on SNDUK. This page explains Aljazira Asset Allocation Fund - Conservative Strategy performance, key fund facts, and investment strategy for investors comparing funds in Saudi Arabia.
Aljazira Asset Allocation Fund - Conservative Strategy is managed by Aljazira Capital. Fund type: multi_asset. Fund code: AJC. Assets under management: 87260173. Minimum investment: 500 ريال. Inception date: 3/9/2013.
Aljazira Asset Allocation Fund - Conservative Strategy is a Shariah-compliant open-ended public holding fund (fund of funds) managed by Aljazira Capital (Aljazira Financial Markets Company). The Fund aims to achieve capital growth over the medium to long term, with a focus, to the extent possible, on preserving capital, through investment in a diversified portfolio of asset classes. The Fund is classified as having a low risk level.
As a holding fund, the Fund does not directly invest in securities except for investments classified as units or participation shares in investment funds or certificates. It primarily invests in Aljazira Capital funds and may also invest in funds managed by other licensed financial companies, provided that they are established in the Kingdom or in a country that applies regulatory and supervisory standards similar to those of the Capital Market Authority or acceptable to it. Its investment scope includes real estate funds, Real Estate Investment Trusts (REITs), listed closed-ended investment funds, and Exchange-Traded Funds (ETFs), listed locally or internationally. The Fund invests in the Saudi, GCC, and international markets.
The Fund Manager has the right to adjust the allocation of investments as it deems appropriate for the benefit of unitholders, with the asset allocation reviewed periodically and at least once every calendar quarter. The allocation to growth strategies ranges between 10% and 30%, and the allocation to income strategies ranges between 70% and 90%, while cash may be held up to 5% of the Fund’s assets.
The Fund may also invest up to 2.5% of its net assets in Exchange-Traded Funds that invest in gold, and up to 10% in local and foreign private funds. As a holding fund, it is required to invest in at least three investment funds, with an investment of no less than 5% of its net asset value in each fund. This minimum does not apply to investments in additional funds. In all cases, investment in any single fund may not exceed 50% of the holding fund’s net asset value.
Aljazira Asset Allocation Fund - Conservative Strategy does not invest in derivatives. It may obtain financing from the Fund Manager to cover redemption requests when sufficient liquidity is not available, up to 10% of the Fund’s net asset value, provided that this does not conflict with Shariah standards, and without pledging the Fund’s assets against any loans.
The Fund’s benchmark is a composite consisting of 50% of the Dow Jones Sukuk Index (Total Return in USD), representing the Sukuk and fixed-income segment; 30% of one-month SAIBOR, representing the money market segment; 17.5% of the Dow Jones Islamic World Index (Net Total Return in USD), representing Shariah-compliant global equities; and 2.5% of the S&P Saudi Shariah-Compliant Equities Index, representing the Saudi equities segment. This benchmark is used as a reference for comparison with the Fund’s performance.
Subscription and redemption requests are accepted from Sunday to Thursday, and the deadline for receiving requests is 10:00 a.m. on the business day preceding the dealing or valuation day.
Aljazira Asset Allocation Fund - Conservative Strategy fund details
Aljazira Asset Allocation Fund - Conservative Strategy is managed by Aljazira Capital. The asset manager oversees portfolio decisions and fund operations for Aljazira Asset Allocation Fund - Conservative Strategy.
Aljazira Asset Allocation Fund - Conservative Strategy is classified as a multi_asset fund, which shapes its risk profile and investment universe.
Investors can identify Aljazira Asset Allocation Fund - Conservative Strategy in market data using fund code AJC.
Aljazira Asset Allocation Fund - Conservative Strategy reports assets under management of 87260173.
The minimum investment amount to participate in Aljazira Asset Allocation Fund - Conservative Strategy is 500 ريال.
Aljazira Asset Allocation Fund - Conservative Strategy was launched on 3/9/2013, giving investors a track record to evaluate long-term performance.
Aljazira Asset Allocation Fund - Conservative Strategy performance summary
Return over 1 week: +0.4876%. Return over 1 month: -0.1923%. Return over 3 months: +0.9155%. Return over 6 months: +4.6114%. Return over 1 year: +6.4641%. Return over since inception: +61.5821%.
Use this SNDUK fund page to review Aljazira Asset Allocation Fund - Conservative Strategy returns, manager details, and strategy before investing.
SNDUK publishes Aljazira Asset Allocation Fund - Conservative Strategy data to help investors compare investment funds in Saudi Arabia with transparent performance and fund information.
