About SNB Capital Global Sukuk Fund
SNB Capital Global Sukuk Fund is an investment fund profile on SNDUK. This page explains SNB Capital Global Sukuk Fund performance, key fund facts, and investment strategy for investors comparing funds in Saudi Arabia.
SNB Capital Global Sukuk Fund is managed by SNB Capital. Fund type: fixed_income. Fund code: GSF. Assets under management: 11919662. Minimum investment: 10000 دولار. Inception date: 2/1/2010.
SNB Capital Global Sukuk Fund is an open-ended public investment fund in debt instruments and compliant with Shariah guidelines. The Fund aims to provide competitive returns by investing in Sukuk and Murabaha transactions, in addition to other fixed income instruments compliant with the Shariah Committee’s guidelines. The Fund is classified as medium risk, and its currency is the US dollar.
The Fund primarily focuses on fixed income instruments compliant with Shariah guidelines, including Sukuk and Shariah-compliant money market transactions such as Murabaha, Wakala, Mudaraba, and Musharaka, in addition to financial certificates and investment funds compliant with Shariah guidelines. The Fund may also invest in structured products and asset-backed securities compliant with Shariah guidelines.
The Fund’s investment limits are determined by asset class as follows: 50% to 100% in fixed income instruments, up to 50% in cash and money market instruments and funds, and up to 30% in investment funds. The Fund may also invest up to 30% in investments not included in the benchmark and not rated investment grade.
The Fund may invest up to 30% of its assets in other investment funds compliant with Shariah guidelines, provided that investment in the units of any single investment fund does not exceed 25% of the Fund’s net asset value, and its ownership does not exceed 20% of the net asset value of the invested fund.
The Fund may also obtain Islamic financing and enter into Shariah-compliant repurchase agreements (Repo) after obtaining the approval of the Shariah Committee or its representative, in accordance with the ratios specified in the Investment Funds Regulations. Islamic financing for the purpose of covering redemption requests is excluded from this ratio pursuant to Article (69) of the Investment Funds Regulations. Part of the Fund’s assets may also be pledged for investment purposes in a manner that serves the interests of the Unitholders.
The Fund uses a composite benchmark consisting of 90% of the S&P Dow Jones Sukuk Total Return Index, in addition to 10% of the 30-day moving average of the one-month SOFR rate. This benchmark is used as a benchmark to measure the Fund’s performance.
SNB Capital Global Sukuk Fund fund details
SNB Capital Global Sukuk Fund is managed by SNB Capital. The asset manager oversees portfolio decisions and fund operations for SNB Capital Global Sukuk Fund.
SNB Capital Global Sukuk Fund is classified as a fixed_income fund, which shapes its risk profile and investment universe.
Investors can identify SNB Capital Global Sukuk Fund in market data using fund code GSF.
SNB Capital Global Sukuk Fund reports assets under management of 11919662.
The minimum investment amount to participate in SNB Capital Global Sukuk Fund is 10000 دولار.
SNB Capital Global Sukuk Fund was launched on 2/1/2010, giving investors a track record to evaluate long-term performance.
SNB Capital Global Sukuk Fund performance summary
Return over 1 week: +0.0296%. Return over 1 month: +0.5888%. Return over 3 months: +1.0633%. Return over 6 months: -0.0888%. Return over 1 year: +2.8656%. Return over since inception: +27.2222%.
Use this SNDUK fund page to review SNB Capital Global Sukuk Fund returns, manager details, and strategy before investing.
SNDUK publishes SNB Capital Global Sukuk Fund data to help investors compare investment funds in Saudi Arabia with transparent performance and fund information.
