002030
Rassanah Flexible Saudi Equity Fund
Rassanah Capital
9.4105
NAV / Unit
As of: 2026-05-20
1M-3.58%3M-2.52%1Y-8.67%
9.4105
NAV / Unit
Latest Net Asset Value
-8.67%
1-Year Return
Trailing 12 Months
6.90%
Total Expense Ratio
Annual Fee Drag
4.93M SAR
Fund Size (AUM)
Total Net Assets
-0.92
Sharpe Ratio (1Y)
Risk-Adjusted Return
13.71%
Volatility (1Y)
Annualised Std. Dev.
Fund Profile
The fund aims to develop capital over the medium to long term by actively investing in shares of companies listed on the Saudi stock markets (TASI and Nomu), initial public offerings (IPOs), rights issues, and real estate investment traded funds (REITs) in compliance with Shariah standards.
Fees & Costs
Maximum Allowable Fees
Management Fee
0.50%
Subscription Fee
1.00%
Redemption Fee
--
Performance Fee
10.00%
Maximum fees permitted under the fund's Terms & Conditions.
Total Expense Ratio (TER)
Fund TER
6.90%
Peer Avg
2.59%
Actual Expenses — 2023 (Dec 31, 2023)
| Expense Item | Amount | % of AUM |
|---|---|---|
| Management Fees | 126,500 SAR | 2.68% |
| Custody Fee | 74,750 SAR | 1.58% |
| Audit Fee | 63,250 SAR | 1.34% |
| Directors' Fee | 10,000 SAR | 0.21% |
| CMA Fee | 7,500 SAR | 0.16% |
| Tadawul Fee | 5,750 SAR | 0.12% |
| Other Expenses | 38,197 SAR | 0.81% |
| Total Expenses | 325,947 SAR | 6.90% |
Cost of Investing — Hypothetical 10,000 SAR Investment
Assuming 5% annual return before fees, this is the estimated SAR amount paid in fees over time.
After 1 Year
872 SAR
8.7% of initial investment
fees paid
After 5 Years
4,149 SAR
41.5% of initial investment
fees paid
After 10 Years
8,794 SAR
87.9% of initial investment
fees paid
Performance
Sharpe Ratio
Sharpe Ratio (1Y)-0.92
Peer Avg (1Y)-0.67
Historical Returns
| Period | Return | Relative (vs Peers) |
|---|---|---|
| 3 Months | -2.52% | +0.11% |
| 6 Months | +1.75% | +5.39% |
| 1 Year | -8.67% | -2.72% |
| 3 Years (Ann.) | -4.57% | -11.24% |
| 5 Years (Ann.) | -- | -- |
Risk Metrics
Volatility (1Y)13.71%
Beta (5Y)0.84
Alpha (5Y, Ann.)-3.00%
Holdings
By Sector
- Energy24.89%
- Banks25.24%
- Software & Services7.08%
- Insurance7.01%
- Materials7.36%
- Capital Goods5.78%
- Health Care Equipment & Services4.68%
- Telecommunication Services5.56%
- Financial Services3.98%
- Commercial & Professional Services3.59%
- Transportation2.74%
- Food & Beverages1.38%
- Consumer Services0.70%
By Country
- Kingdom of Saudi Arabia100.00%
Fund Financials — 2023 (Dec 31, 2023)
| Total Income | -664,443 SAR |
| Total Expenses | 325,947 SAR |
| Net Income | -1.19M SAR |
| Total Assets | 4.99M SAR |
| Total Liabilities | 268,382 SAR |
| Net Asset Value | 4.72M SAR |
| Units in Issue | 524,060 |
| NAV per Unit | 9.0100 SAR |
Fund Managers
Fund Manager
- Rassanah CapitalFund Manager
Board Members
- Ali bin Mufreh Al-ZahraniBoard Chairman - Independent Member
- Abdulrahman Al-DossaryNon-Independent Member
- Mutlaq Hamad Al-BuqamiIndependent Member
Shariah Advisors
- Mohamed Mahboubi AliShari'a Advisor
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