About Al Rajhi Awaeed Fund
Al Rajhi Awaeed Fund is an investment fund profile on SNDUK. This page explains Al Rajhi Awaeed Fund performance, key fund facts, and investment strategy for investors comparing funds in Saudi Arabia.
Al Rajhi Awaeed Fund is managed by Al Rajhi Capital. Fund type: money_market. Fund code: RAW. Assets under management: 28325410757. Minimum investment: 10 ريال. Inception date: 1/15/2024.
Al Rajhi Awaeed Fund is an open-ended public money market fund that aims to achieve continuous capital growth while maintaining a low level of risk and high liquidity. It invests primarily in Shariah-compliant deposits, money market instruments and money market funds that comply with the rules of the Shariah Supervisory Committee, in addition to debt market instruments and debt market funds.
The fund is designed for investors seeking a low-risk investment that provides efficient liquidity management while aiming to generate stable short- and medium-term returns, with a target performance that closely tracks the three-month SAIBOR rate.
The investment strategy of Al Rajhi Awaeed Fund focuses primarily on money market instruments, allocating between 90% and 100% of its net assets to cash, Shariah-compliant deposits, money market instruments, and money market funds. Up to 10% of the fund's assets may be invested in debt market instruments and debt market funds. The fund manager also adopts an active maturity management strategy, ensuring that the weighted average maturity does not exceed 180 days, with the objective of maintaining high liquidity and minimizing portfolio volatility.
The fund's investments are not limited to the Saudi market. The fund manager may invest across Saudi, GCC, Arab, and global markets without concentrating on a specific market. Investment decisions are based on evaluating the target markets and the issuing companies or entities according to economic, political, and regulatory factors, as well as assessing creditworthiness, expected returns, and risk levels.
Investors can subscribe to or redeem units of Al Rajhi Awaeed Fund on a daily basis from Sunday to Thursday, with the fund being valued and its unit price calculated on each dealing day. For redemption requests, the fund manager is committed to paying the redemption proceeds on the business day following the valuation day. The fund does not charge any subscription or redemption fees, providing investors with greater flexibility in managing their liquidity.
Al Rajhi Awaeed Fund fund details
Al Rajhi Awaeed Fund is managed by Al Rajhi Capital. The asset manager oversees portfolio decisions and fund operations for Al Rajhi Awaeed Fund.
Al Rajhi Awaeed Fund is classified as a money_market fund, which shapes its risk profile and investment universe.
Investors can identify Al Rajhi Awaeed Fund in market data using fund code RAW.
Al Rajhi Awaeed Fund reports assets under management of 28325410757.
The minimum investment amount to participate in Al Rajhi Awaeed Fund is 10 ريال.
Al Rajhi Awaeed Fund was launched on 1/15/2024, giving investors a track record to evaluate long-term performance.
Al Rajhi Awaeed Fund performance summary
Return over 1 week: +0.0953%. Return over 1 month: +0.4172%. Return over 3 months: +1.28%. Return over 6 months: +2.6297%. Return over 1 year: +5.5845%. Return over since inception: +15.4969%.
Use this SNDUK fund page to review Al Rajhi Awaeed Fund returns, manager details, and strategy before investing.
SNDUK publishes Al Rajhi Awaeed Fund data to help investors compare investment funds in Saudi Arabia with transparent performance and fund information.
