Alinma Saudi Government Sukuk ETF Fund - is an ETF that invests in shariah-compliant local government sukuk issued by the Saudi government and listed in the main market to generate a performance that mimic the performance of an index (before fees, expenses, and distribution), distribute periodic returns, reduce cost, increase transparency, as well as enhancing liquidity by concentrating on such income-generating investment instruments which enable individuals to invest in debt capital market instruments with more flexibility, resulting in the promotion of the saving culture among investors which is one of the Saudi Vision 2030 key objectives.
| Fund Name | Number of Units | Unit Price | Unit Price Date | Net Asset Value | |
|---|---|---|---|---|---|
| Alinma Sukuk Fund | 40,430,130 | 10.409164 | 2024/01/23 | 420,897,081.71 | Details |
Contribution Channels
- Achieve performance similar to the performance of a fund-specific index
- Distribute returns periodically
- Low costs
- Clear objectives
- Instant pricing
- Liquidity
- Transparency and clarity
These funds are characterized by low costs of subscription
The fund strategy is clear from the beginning and is always worked on
Knowing the value of units by following the market immediately
High liquidity is provided by the market maker who ensures that they are traded quickly during the trading session
It is easy to identify fund investments in terms of content and investment ratios
| Standard | Open-end mutual fund | Expenses |
|---|---|---|
| Fund size | Variable | Variable |
| Indicative unit price | Not available | Available |
| Post-IPO subscription and redemption mechanism | Fund manager | Buy and sell from the market |
| Listing | Not listed | Listed |
| Transparency | Low | High |
| Graphics | High | Low |