About MEFIC Saudi Freestyle Equity Fund
MEFIC Saudi Freestyle Equity Fund is an investment fund profile on SNDUK. This page explains MEFIC Saudi Freestyle Equity Fund performance, key fund facts, and investment strategy for investors comparing funds in Saudi Arabia.
MEFIC Saudi Freestyle Equity Fund is managed by Mefic Capital. Fund type: equity. Fund code: MFE. Assets under management: 19673902. Minimum investment: 10,000 ريال. Inception date: 12/31/2017.
MEFIC Saudi Freestyle Equity Fund is an open-ended public equity fund managed by Middle East Financial Investment Company (MEFIC Capital). It aims to grow capital over the long term by investing in shares of companies listed on the Saudi equity market that are approved as Shariah-compliant by the Fund's Shariah Supervisory Committee.
The Fund may invest 0%–100% of its assets in Main Market shares, including priority rights shares. It may invest 0%–50% in shares of companies listed through an IPO less than five years ago, and 0%–50% in the Parallel Market (Nomu). Cash and money market funds may account for 0%–70%, and similar investment funds for 0%–25%.
The S&P Shariyah Index serves as the Fund's indicative benchmark. Under the Terms and Conditions, the Fund's performance is not tied to the performance of the S&P index.
The Fund pays no cash dividends to unitholders. It is a capital growth fund: dividends it receives and any net income are reinvested, which is reflected in the value and price of the unit.
The Fund is classified as high risk. The risks listed in its Terms and Conditions include market risk and share price volatility; small-cap, concentration, liquidity and IPO risks; the risk that some companies lose their Shariah compliance; credit, financing and interest rate risks; legal, regulatory and tax risks; and technology risk.
Subscriptions, redemptions and valuation take place on Mondays and Thursdays, and unit prices are published on the business day following the relevant valuation day.
MEFIC Saudi Freestyle Equity Fund fund details
MEFIC Saudi Freestyle Equity Fund is managed by Mefic Capital. The asset manager oversees portfolio decisions and fund operations for MEFIC Saudi Freestyle Equity Fund.
MEFIC Saudi Freestyle Equity Fund is classified as a equity fund, which shapes its risk profile and investment universe.
Investors can identify MEFIC Saudi Freestyle Equity Fund in market data using fund code MFE.
MEFIC Saudi Freestyle Equity Fund reports assets under management of 19673902.
The minimum investment amount to participate in MEFIC Saudi Freestyle Equity Fund is 10,000 ريال.
MEFIC Saudi Freestyle Equity Fund was launched on 12/31/2017, giving investors a track record to evaluate long-term performance.
MEFIC Saudi Freestyle Equity Fund performance summary
Return over 1 week: -0.8812%. Return over 1 month: +0.6764%. Return over 3 months: +0.5574%. Return over 6 months: +12.6232%. Return over 1 year: +17.3994%. Return over since inception: +174.0921%.
Use this SNDUK fund page to review MEFIC Saudi Freestyle Equity Fund returns, manager details, and strategy before investing.
SNDUK publishes MEFIC Saudi Freestyle Equity Fund data to help investors compare investment funds in Saudi Arabia with transparent performance and fund information.
