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Al Rajhi Monthly Distribution Fund 2

Investment Funds

Al Rajhi Monthly Distribution Fund 2 is a public open-ended investment fund, which aims to generate regular income on a monthly basis through investing and effectively managing the portfolio of selected income-generating securities, such as stocks, Exchange Traded Funds, REITs, debt securities, fixed income and money market securities in accordance with Al Rajhi Capital’s Shariah Committee guidelines.

Features

  • Targeting monthly distribution to unitholders
  • Daily subscription and redemption
  • Active management to target profitable investments
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  • Terms & Conditions

  • Fund Brochure

  • Fact Sheet

  • Quarterly Statement Report

  • Interim Financial Statement

  • Annual Report

  • Financial Statement

Fund Details

Title
Description
Fund Domicile
The Income Distribution value determined by the Fund manager, if any, are due by the Fund on a monthly basis, on the 15th day of each calendar month. The fund manager will distribute income received from the investments. The Fund manager is also entitled to distribute the realized capital gains or part of it. Income will be distributed by the Fund before the end of the fifth business day following the date of the eligibility of income distribution to the subscribers registered in the Fund on the distribution date, as the value of the unit will decrease by the amount distributed.
Inception Date
2023-08-25
Inception Price
10.000000000
Fund Currency
SAR
Benchmark
S&P Saudi Arabia Midsmall Shariah index TR
ISIN
077
Subscription Fee
SAR 1
Management Fee
1,50%
Minimum Subscription
SAR 10
Minimum Additional Subscription Fee
SAR 1
Minimum Redemption
SAR 10
Valuation Days
Sunday to Thursday
Cut-Off Time
Before 10:00 AM in the dealing day
Announcement Day
Following the Dealing Day

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