About SNB Capital Fund of REITs Fund
SNB Capital Fund of REITs Fund is an investment fund profile on SNDUK. This page explains SNB Capital Fund of REITs Fund performance, key fund facts, and investment strategy for investors comparing funds in Saudi Arabia.
SNB Capital Fund of REITs Fund is managed by SNB Capital. Fund type: fund_funds. Fund code: FRF. Assets under management: 16951662. Minimum investment: 100 ريال. Inception date: 12/18/2017.
SNB Capital Fund of REITs Fund is an open-ended Shariah-compliant investment fund that is managed by SNB Capital. The Fund aims to distribute income to Unitholders by investing primarily in Real Estate Investment Traded Funds (REITs), including initial public offerings of units of Real Estate Investment Traded Funds, with the ability to invest in income-generating real estate investment funds and investment funds that invest in listed real estate companies.
Investments in Real Estate Investment Traded Funds and initial public offerings of their units range between 50% and 100% of the Fund’s net assets, while up to 50% may be invested in Money Market funds compliant with the Shariah Committee’s standards, up to 10% in open-ended or closed-ended income-generating real estate investment funds, and up to 10% in investment funds that invest in listed real estate companies, in addition to the ability to hold up to 5% in cash and cash equivalents.
The Fund Manager follows an active management approach in selecting the funds in which the Fund invests, based on a range of criteria including quantitative screening, asset quality when investing in Real Estate Investment Traded Funds, assessment of management quality, risk level, expected return, and compliance with Shariah standards. The Fund may also invest in investment funds managed by the Fund Manager or other fund managers in accordance with the specified requirements.
SNB Capital Fund of REITs Fund uses the NCB Capital Saudi REITs Shariah Index as a benchmark to compare the Fund’s performance. The index is calculated using the full capitalization method.
The Fund is classified as a high-risk investment, as the value of investments and the income generated from them may be subject to high volatility, and SNB Capital does not guarantee the achievement of the Fund’s objectives or the repetition of its past performance.
The Fund provides income distributions to Unitholders, and the Fund Manager reserves the right to approve full or partial distribution of periodic income received from the Fund’s investments and realized capital gains, in accordance with what serves the interests of Unitholders and after obtaining the approval of the Fund’s Board of Directors. Distributions are made twice a year, usually within 10 business days from the end of June and December.
SNB Capital Fund of REITs Fund fund details
SNB Capital Fund of REITs Fund is managed by SNB Capital. The asset manager oversees portfolio decisions and fund operations for SNB Capital Fund of REITs Fund.
SNB Capital Fund of REITs Fund is classified as a fund_funds fund, which shapes its risk profile and investment universe.
Investors can identify SNB Capital Fund of REITs Fund in market data using fund code FRF.
SNB Capital Fund of REITs Fund reports assets under management of 16951662.
The minimum investment amount to participate in SNB Capital Fund of REITs Fund is 100 ريال.
SNB Capital Fund of REITs Fund was launched on 12/18/2017, giving investors a track record to evaluate long-term performance.
SNB Capital Fund of REITs Fund performance summary
Return over 1 week: -0.0129%. Return over 1 month: +0.1163%. Return over 3 months: -4.1203%. Return over 6 months: +1.9337%. Return over 1 year: +1.0695%. Return over since inception: -14.8929%.
Use this SNDUK fund page to review SNB Capital Fund of REITs Fund returns, manager details, and strategy before investing.
SNDUK publishes SNB Capital Fund of REITs Fund data to help investors compare investment funds in Saudi Arabia with transparent performance and fund information.
