Osool & Bakheet Parallel Market Trading Equity Fund
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The fund mainly invests in companies that are listed in Saudi “Nomu – Parallel Market”. In addition, the fund manager is allowed to invest a maximum of 75% of the fund’s net assets value in small and medium cap companies’ shares that are listed in main market. Besides, fund can invest in units of listed public funds that are licensed by Saudi Capital Market Authority. In addition to the ability of investing available cash in term deposits in Saudi Riyal in licensed Saudi banks, where all investments to be compatible with Shariah guidelines that approved by the fund’s Shariah committee.
| name_en | Caption |
|---|---|
| fund name | Osool & Bakheet Parallel Market Trading Equity Fund |
| Unit Price | 5.1484 |
| As of | As of 18 July 2024 |
| Net Asset value | 46,709,160 |
| Base Currency | Saudi Riyal |
| Fund Category | Equity, Saudi - NOMU - Sharia Compliant |
| Islamic Sharia Guidelines | Yes, With Sharia Committee |
| Valuation Frequency | Weekly |
| Subscription/Redemption Frequency | Weekly (Subscription) – Monthly (Redemption) |
| Benchmark | Parallel Market Capped Index (NomuC) |
| Launch Price | 1.0 |
| Launch Date | 19/2/2017 |
| Minimum Subscription | SAR 10,000 |
| Minimum Additional Sub./Redemption | SAR 10,000 |
| Subscription Fees | None |
| Redemption Fees | 0% |
| Management Fees | 2.0% p.a. |
| Other Fees | 0.5% Annual Custody Fees and 3% Early Redemption Fees |
| - | One Day | Month To Date | Year To Date | One Year | Two Years | Three Years | Five Years | Fund Start To Date |
|---|---|---|---|---|---|---|---|---|
| Osool & Bakheet Parallel Market Trading Equity Fund | 0.6% | 1.1% | 23.2% | 25.3% | 31.8% | 15.5% | 309.6% | 414.8% |
| Parallel Market Capped Index (NomuC) | -0.7% | -1.7% | 4.8% | 12.0% | 24.1% | 5.1% | 571.4% | - |
| Difference | 1.3% | 2.8% | 18.4% | 13.3% | 7.8% | 10.4% | -261.8% | - |