SNB Capital North America Index Fund

• The Fund primarily Invests in the stocks of large-medium cap listed North American companies.

• The Fund's Investments will be concentrated in the stocks of companies listed on US and Canadian markets. 

• The Fund is managed pursuant to an index-linked passive strategy that is designed to trace the performance of MSCI North America Islamic M-Series Index (Net Total Return USD), which is an index based on an the average free float adjusted market capitalization weighted index to measure the performance of Shariah compliant large and medium cap segment companies that are listed in the US and Canadian markets. The Fund aims to achieve a performance similar to that of the index through investing all or most of its assets in the stocks included in the index, with the investment weight in each share that is approximately equal to its weight in the index or by using a representative sample, provided that the Fund's investments in the securities of a single issuer shall not exceed 20 % of Fund's net assets value, and that the Fund shall not hold more than 20% of its net asset value in any class of securities issued by one single issuer. In addition, the Fund Manager will manage the changes that may occur in the index components. Excess cash balance may be held in cash or in Sharia complaint money market funds that invest in money market and Murabaha and/or invested in Murabaha transactions without charging Unitholders an extra fee. In case the Fund would invest in Murabaha transactions, the maximum exposure of the Fund to any counterparty is 10% of the net asset value of the Fund.  

• The Fund will not invest in other securities than those mentioned above.

For more information on the Fund’s investment strategies please refer to the Terms & Conditions