About SNB Capital Al Razeen USD Liquidity Fund
SNB Capital Al Razeen USD Liquidity Fund is an investment fund profile on SNDUK. This page explains SNB Capital Al Razeen USD Liquidity Fund performance, key fund facts, and investment strategy for investors comparing funds in Saudi Arabia.
SNB Capital Al Razeen USD Liquidity Fund is managed by SNB Capital. Fund type: money_market. Fund code: RUL. Assets under management: 9573187. Minimum investment: 2000 دولار. Inception date: 9/30/1987.
SNB Capital Al Razeen USD Liquidity Fund is a specialized open-ended public Money Market Fund compliant with Shariah standards, managed by SNB Capital, and aims to grow capital, provide liquidity upon the investor’s request, in addition to cash distributions, and is classified as a low-risk investment. The Fund’s units were first offered in 1987.
SNB Capital Al Razeen USD Liquidity Fund primarily invests in financial instruments with counterparties in Saudi Arabia, the GCC, and global markets, and investments may be denominated in US dollars or foreign currencies. Investments include Money Market transactions such as Murabaha, Wakala, Mudaraba, and Musharaka, fixed income instruments, Shariah-compliant alternatives to swap agreements, repurchase and reverse repurchase agreements, structured products, asset-backed or asset-linked securities or Sukuk, Ijarah certificates and contracts, securitization transactions, index-linked certificates, in addition to any other instruments approved by the Shariah Committee.
Investments in cash, Money Market instruments, and units of Money Market funds range between 80% and 100% of the Fund’s assets, while 0% to 20% may be invested in fixed income instruments and units of fixed income funds. The Fund may invest up to 40% of its assets in units of investment funds managed by the Fund Manager or other fund managers with similar strategies. The Fund may also obtain financing compliant with Shariah standards or enter into repurchase agreements for investment purposes or to cover redemption requests.
The Fund may also invest in securities derivatives compliant with the Shariah Committee’s standards, provided that such investments do not exceed 5% of the Fund’s net asset value.
The Fund provides monthly cash distributions to Unitholders, with distributions to be made within 10 days of the business day following the end of the last business day of each calendar month, with the possibility of reinvesting returns generated during the month. The Fund Manager may also, at its discretion, retain part or all of the returns and defer distributions in a manner that serves the interests of the Fund’s Unitholders.
The benchmark for SNB Capital Al Razeen USD Liquidity Fund is the 30-day rolling average of the 1-month term SOFR rate.
SNB Capital Al Razeen USD Liquidity Fund fund details
SNB Capital Al Razeen USD Liquidity Fund is managed by SNB Capital. The asset manager oversees portfolio decisions and fund operations for SNB Capital Al Razeen USD Liquidity Fund.
SNB Capital Al Razeen USD Liquidity Fund is classified as a money_market fund, which shapes its risk profile and investment universe.
Investors can identify SNB Capital Al Razeen USD Liquidity Fund in market data using fund code RUL.
SNB Capital Al Razeen USD Liquidity Fund reports assets under management of 9573187.
The minimum investment amount to participate in SNB Capital Al Razeen USD Liquidity Fund is 2000 دولار.
SNB Capital Al Razeen USD Liquidity Fund was launched on 9/30/1987, giving investors a track record to evaluate long-term performance.
SNB Capital Al Razeen USD Liquidity Fund performance summary
Return over 1 week: +0.0761%. Return over 1 month: +0.0197%. Return over 3 months: +0.1459%. Return over 6 months: +0.1137%. Return over 1 year: +0.2335%. Return over since inception: +51.041%.
Use this SNDUK fund page to review SNB Capital Al Razeen USD Liquidity Fund returns, manager details, and strategy before investing.
SNDUK publishes SNB Capital Al Razeen USD Liquidity Fund data to help investors compare investment funds in Saudi Arabia with transparent performance and fund information.
