About Alpha Saudi Freestyle Equity Fund
Alpha Saudi Freestyle Equity Fund is an investment fund profile on SNDUK. This page explains Alpha Saudi Freestyle Equity Fund performance, key fund facts, and investment strategy for investors comparing funds in Saudi Arabia.
Alpha Saudi Freestyle Equity Fund is managed by Alpha Capital. Fund type: equity. Fund code: PHE. Assets under management: 917215711. Minimum investment: 10,000 ريال. Inception date: 5/15/2023.
Alpha Saudi Freestyle Equity Fund is a Shariah-compliant, open-ended public equity fund managed by Alpha Capital. The Fund aims to achieve high capital growth over the medium to long term through the active and focused management of a portfolio of selected equities in the Saudi financial market, while seeking to outperform the Fund’s benchmark. The Fund does not distribute profits to unitholders; instead, it reinvests its net profits and the dividends and income it receives. The Fund is classified as high risk.
The Fund invests in shares of companies listed on the Main Market and Parallel Market, primary and secondary offerings, and rights issues, in addition to Saudi equity funds, Real Estate Investment Traded Funds (REITs), listed closed-ended funds, and short-term Murabaha transactions. Its investments in Saudi equities range between 50% and 100% of its assets, while investments in similar Saudi equity funds range between 0% and 50%, with a maximum of 25% in any single fund; investments in REITs range between 0% and 50%; and investments in money market funds and cash held with banks range between 0% and 25%. Short-term Murabaha transactions may not exceed 25% of assets and are limited to counterparties licensed by the Saudi Central Bank and denominated in Saudi Riyals, provided that they have an investment-grade credit rating of at least BBB- or equivalent from one of the major global credit rating agencies.
The Fund Manager may reduce the Fund’s equity investments to zero and allocate its assets to cash, money market instruments and funds, or Murabaha when a sharp market decline is expected or suitable opportunities are unavailable, in necessary circumstances and after obtaining approval from the Shariah Supervisory Committee. Investment in securities issued by a single issuer may not exceed 10% of the Fund’s net assets, with the possibility of increasing this percentage to 20% in the cases and exceptions specified in the Investment Funds Regulations. The Fund does not invest in financial derivatives, nor does it obtain financing or lend its assets.
The Fund uses the S&P Saudi Shariah Domestic Price Return Index (SPSHDSAL Index) as its benchmark to measure its performance. It is a price return index that measures the performance of Shariah-compliant Saudi equities, and the Fund’s investments are not limited to the stocks comprising the index.
The Fund’s assets are valued and subscription and redemption requests are processed every Monday and Wednesday, except for official holidays in the Kingdom. The deadline for submitting requests is 12:00 noon Riyadh time. Redemption proceeds are paid no later than the end of the fifth day following the dealing day.
Alpha Saudi Freestyle Equity Fund fund details
Alpha Saudi Freestyle Equity Fund is managed by Alpha Capital. The asset manager oversees portfolio decisions and fund operations for Alpha Saudi Freestyle Equity Fund.
Alpha Saudi Freestyle Equity Fund is classified as a equity fund, which shapes its risk profile and investment universe.
Investors can identify Alpha Saudi Freestyle Equity Fund in market data using fund code PHE.
Alpha Saudi Freestyle Equity Fund reports assets under management of 917215711.
The minimum investment amount to participate in Alpha Saudi Freestyle Equity Fund is 10,000 ريال.
Alpha Saudi Freestyle Equity Fund was launched on 5/15/2023, giving investors a track record to evaluate long-term performance.
Alpha Saudi Freestyle Equity Fund performance summary
Return over 1 week: -2.7418%. Return over 1 month: -6.1691%. Return over 3 months: -4.8433%. Return over 6 months: -6.3933%. Return over 1 year: -11.0859%. Return over since inception: +29.298%.
Use this SNDUK fund page to review Alpha Saudi Freestyle Equity Fund returns, manager details, and strategy before investing.
SNDUK publishes Alpha Saudi Freestyle Equity Fund data to help investors compare investment funds in Saudi Arabia with transparent performance and fund information.
