SNB Capital Freestyle Fund posts cumulative return of 197% over 5yrs, at 26% annually

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SNB Capital Freestyle Saudi Equity Fund, managed by SNB Capital, achieved a cumulative return of 197% over five years with an average annual return of 26%, data compiled by Argaam showed.

The fund outperformed the average of Saudi-equity class funds by about 80% during the five years until Nov. 22, 2023, and surpassed the average performance of equity funds by more than 96%.

Since its inception in 2015, the fund reported a cumulative return of 221%.

SNB Capital Freestyle Saudi Equity Fund’s net assets value stood at SAR 520.9 million as of Nov. 22, 2023.

The fund's investments are usually concentrated in companies with a return on investment and growth. According to Q3 2023 data, investments were concentrated in the shares of Al Rajhi Bank, Bank Albilad and Saudi Aramco with a relative weight of 16.64%, 6.46% and 6.18% of the fund's total investments, respectively.

According to Argaam Tools, the fund outran the Tadawul All Share Index (TASI) in terms of annual return eight out of nine times, recording a cumulative total return of 220% since its inception in 2015.

SNB Capital Freestyle Saudi Equity Fund is a public, open-ended fund and aims to raise long-term capital by investing in shares of Shariah-compliant companies on the Saudi Exchange (Tadawul), including initial offerings and rights issues. The minimum subscription to the fund is SAR 5,000.

To view details of the fund’s performance over the past years