Riyad USD Diversified Trade Fund - Money Market Funds - Riyad Capital
Riyad USD Diversified Trade Fund
Do you need a Fund that provides reasonable plenty of returns through participating in money market instruments denominated in US Dollar?
Then the Riyad USD Diversified Trade Fund is just what you need as it invests in low risk securities issued by the US Government and other money market instruments.
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Invests in US Government, short-term bank deposits, bank certificates of deposit and other money market instruments
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Has access to bonds and Sukuk
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Highly geared towards capital preservation and generating income
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Overview
Objective:
The Fund seeks capital preservation and a reasonable return within low risk through investing mainly in money market instruments denominated in US Dollar and secondarily in bonds and sukuk.
Strategy:
The Fund manager will invest primarily in short-term USD deposits, certificates of deposit and US treasury bills and secondarily in bonds and sukuk. The manager will reinvest the returns of the Fund’s investments and minimize the Fund’s risks by diversifying the assets ideally in the light of correlation of different assets’ classes, interest rates and maturity dates. All cash will be reinvested in the Fund in normal circumstances, but a small cash balance will be held for liquidity purposes. The Fund may not invest more than 15% of its net assets value in any class of security issued by any single institution and not more than 50% with the Fund’s manager or any of his affiliates.
Money Fund (USD) Fund Facts:
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Launch Date: 18-Jun-1988
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Fund Manager: Fahad Al-Shubaily
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Fund Currency: US Dollar (USD)
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Fund Objective : Income (USD Deposit)
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Risk Level: Low
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Fund Classification : Money Market
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Valuation/Dealing Days: Sunday to Thursday
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Settlement In: 3 Business Days
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Sector Focus: Money Market
Minimum Subscription, Additional Subscription and Redemption limits:
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Initial Subscription/Minimum Balance: USD 2,500
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Minimum Redemption/Additional: USD 1,000
Fees and charges:
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Annual Management Fee: 0.5%
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Front End Fee = N/A
Past performance is not a guarantee of future returns. The value of units, the income from them, the prices and currencies of the funds, can go down as well as up. Investors may get back less than he or she originally invested. Additionally fees shall apply on the fund. Changes in currency rates may have an adverse effect on the value, price or income of the security. To ensure proper understanding of the fund and its suitability for you according to your risk tolerance, we recommend that you seek a specialized investment advisor. More information about the fund is available in the Terms and Conditions applicable to that fund and must be read carefully before investing. While reading the fund’s Terms and Conditions, please refer to the principal risks of investing in the Fund.
Fund Documents
How to Apply
You can apply through one of the following:
- Through Riyad Capital Online
- By visiting the nearest Riyad Capital Center and applying through one of the Customer Service representatives
Announcements
Monday , 14 October 2024
Announcement by the Riyad Capital the availability of the quarterly statement of Riyad USD Diversified Trade Fund for the period ending on 30/09/2024
The Riyad Capital announces that the quarterly statement of The Riyad USD Diversified Trade Fund for the period ending on 30/09/2024. A copy of the quarterly statement can be retrieved in Riyad Capital website in the following link
Sunday , 11 August 2024
Announcement by The Riyad Capital for providing the public with the interim financial statements of The Riyad USD Diversified Trade Fund for the period ending on 30/06/2024 are available to the public.
The Riyad Capital announces that the interim financial statements of The Riyad Diversified USD Trade Fund for the period ending on 30/06/2024. The following is the summary of the interim financial results of the period:
- Net assets on the end of period of (102,815,599) (USD).
- Total expenses and fees for the period (390,423) (USD).
- Net profit (loss) for the period of 2,351,752 (USD).
- Number of outstanding units in the end of period (3,484,043.01) (units).
- Net asset value for the unit in 29.51 (USD)
- Revenue of the period 1.75%.
Sunday , 14 July 2024
Announcement by the Riyad Capital the availability of the quarterly statement of Riyad USD Diversified Trade Fund for the period ending on 30/06/2024.
The Riyad Capital announces that the quarterly statement of The Riyad USD Diversified Trade Fund for the period ending on 30/06/2024. A copy of the quarterly statement can be retrieved in Riyad Capital website in the following link:
https://www.riyadcapital.com/documents/671358/4440768/Riyad+USD+Diversified+Trade+Fund+Q2+2024+EN.pdf/be641eed-908a-a266-b5d8-668e95b85d2d?t=1720960181681
Sunday , 21 April 2024
Announcement by the Riyad Capital the availability of the quarterly statement of Riyad USD Diversified Trade Fund for the period ending on 31/03/2024.
The Riyad Capital announces that the quarterly statement of The Riyad USD Diversified Trade Fund for the period ending on 31/03/2024. A copy of the quarterly statement can be retrieved in Riyad Capital website in the following link:
https://www.riyadcapital.com/documents/671358/4440768/Riyad+USD+Diversified+Trade+Fund+Q1+2024+EN.pdf/be641eed-908a-a266-b5d8-668e95b85d2d?t=1713691147438
Thursday, 28 March 2024
Announcement by The Riyad Capital that The Riyad USD Diversified Trade Fund annual reports, including the annual audited financial statements, for the period ended on 31/12/2023 are available to the public
The Riyad Capital announces that The Riyad USD Diversified Trade Fund annual reports, including the annual audited financial statements, for the period ended on 31/12/2023.
Net assets on the end of period of (150,492,135) USD.
Total expenses and fees for the year/period ( -1,048,196) USD.
Net profit (loss) for the year/period of 7,028,520USD.
Number of outstanding units at the end of period (5,188,821.73) (units)
Net asset value for the unit in 29.00USD
Revenue of the period 4.06%
A copy of the annual report can be retrieved in Riyad Capital website in the following link
https://www.riyadcapital.com/documents/671358/4867179/Annex+3+Annual+report+RIYAD+USD+Diversified+Trade+Fund+2023.pdf/d942800c-ebfa-b4ed-2503-380b0f1498f1?t=1711622747316
Sunday, 14 January 2024
Announcement by the Riyad Capital the availability of the quarterly statement of Riyad USD Diversified Trade Fund for the period ending on 31/12/2023.
The Riyad Capital announces that the quarterly statement of The Riyad USD Diversified Trade Fund for the period ending on 31/12/2023. A copy of the quarterly statement can be retrieved in Riyad Capital website in the following link:
https://www.riyadcapital.com/ar/asset-management/public-funds/
Wednesday, 27 December 2023
Announcement by Riyad Capital regarding the details of non-fundamental changes to Riyad USD Diversified Trade Fund
Riyad Capital announces the approval of the Fund’s Board of Directors of a non-fundamental change to Riyad USD Diversified Trade Fund, such changes will become effective on (29/06/1445 H.), corresponding to (11/01/2024 G.).
The details of the non-fundamental changes are as follows:
- Appointing a zakat and tax advisor for the fund and adding the related information;
- Adding regulatory disclosures related to Zakat;
- Adding the zakat and tax advisor’s expenses to the schedule of fees and expenses;
- Reconstitution of the Fund’s Board of Directors
Wednesday, 27 December 2023
Announcement by Riyad Capital regarding an update of the terms and conditions of Riyad USD Diversified Trade Fund
Riyad Capital announces an update of the terms and conditions of Riyad USD Diversified Trade Fund, as of (29/06/1445 H.), corresponding to (11/01/2024 G.).
A summary of the main updated items are as follows:
- Appointing a zakat and tax advisor for the fund and adding the related information;
- Adding regulatory disclosures related to Zakat;
- Adding the zakat and tax advisor’s expenses to the schedule of fees and expenses;
- Reconstitution of the Fund’s Board of Directors
Monday, 11 December 2023
Announcement by Riyad Capital regarding a change of the membership of the Board of Directors of Riyad USD Diversified Trade Fund
Riyad Capital announces a change in the membership of the Board of Directors of Riyad USD Diversified Trade Fund due to resignation of board member (Mr. Abdulrahman Al-Mashal) (membership status: Dependent), from (07/04/1445 H.), corresponding to (22/10/2023 G.), and appointment of board member (Mr./ Abdullah Alshubaily), (membership status: Independent), from (09/04/1445 H.), corresponding to (24/10/2023 G.). The formation of the Board of Directors, after the change, shall be:
- (Mr./ Raed Albarakati), (membership status: Dependent)
- (Mr./ Abdullah AlFaris), (membership status: Dependent)
- (Mrs./ Amal Alahmad), (membership status: Dependent)
- (Mr./ Abdullah Alshubaily), (membership status: Independent)
- (Mr./ Faisal AlMekanzi), (membership status: Independent)
- (Mr./ Sattam Al Suwailem), (membership status: Independent)
12/10/2023
Announcement by the Riyad Capital the availability of the quarterly statement of Riyad USD Diversified Trade Fund for the period ending on 30/09/2023.
The Riyad Capital announces that the quarterly statement of The Riyad USD Diversified Trade Fund for the period ending on 30/09/2023. A copy of the quarterly statement can be retrieved in Riyad Capital website in the following link:
https://www.riyadcapital.com/ar/asset-management/public-funds/
09/08/2023
Announcement by The Riyad Capital for providing the public with the interim financial statements of TheRiyad USDDiversified Trade Fundfor the period ending on 30/06/2023 are available to the public.
The Riyad Capital announces that the interim financial statements of TheRiyad Diversified USD Trade Fundfor the period ending on 30/06/2023. The following is the summary of the interim financial results of the period:
- Net assets on the end of period of (193,849,970) (USD).
- Total expenses and fees for the period (574,552) (USD).
- Net profit (loss) for the period of 3,844,314 (USD).
-Number of outstanding units in the end of period (6,819,307.85) (units).
-Net asset value for the unit in 28.43 (USD)
- Revenue of the period 1.90%.
12/07/2023
Announcement by the Riyad Capital the availability of the quarterly statement of Riyad USD Diversified Trade Fund for the period ending on 30/06/2023.
The Riyad Capital announces that the quarterly statement of The Riyad USD Diversified Trade Fund for the period ending on 30/06/2023. A copy of the quarterly statement can be retrieved in Riyad Capital website in the following link:
Thursday, April 13, 2023
Announcement by the Riyad Capital the availability of the quarterly statement of Riyad USD Diversified Trade Fund for the period ending on 31/03/2023..
The Riyad Capital announces that the quarterly statement of The RiyadUSD Diversified Trade Fund for the period ending on 31/03/2023. A copy of the quarterly statement can be retrieved in Riyad Capital website in the following link:
Thursday, March 30, 2023
Announcement by The Riyad Capital that The Riyad USD Diversified Trade Fund annual reports, including the annual audited financial statements, for the period ended on 31/12/2022 are available to the public
The Riyad Capital announces that The Riyad USD Diversified Trade Fund annual reports, including the annual audited financial statements, for the period ended on 31/12/2022.
Net assets on the end of period of (209,294,387) USD.
Total expenses and fees for the year/period ( -1,586,276) USD.
Net profit (loss) for the year/period of 5,600,395 USD.
Number of outstanding units at the end of period (7,507,954.33) (units)
Net asset value for the unit in 27.88USD
Revenue of the period 2.17%.
Thursday, January 12, 2023
Announcement by the Riyad Capital the availability of the quarterly statement of Riyad USD Diversified Trade Fund for the period ending on 31/12/2022.
The Riyad Capital announces that the quarterly statement of The RiyadUSD Diversified Trade Fund for the period ending on 31/12/2022. A copy of the quarterly statement can be retrieved in Riyad Capital website in the following link:
Announcement by Riyad Capital regarding the update of the terms and conditions of Riyad USD Diversified Trade Fund
Riyad Capital announces an update of the terms and conditions of Riyad USD Diversified Trade Fund, as of (22/02/1444H.), corresponding to (15/01/2023G.).
A summary of the main update items are as follows:
- Changing the composition of the fund's board of directors
- Amending the fund’s borrowing percentage
- Amending the investments Shariah criteria rules
The updated terms and conditions can be found in the attached file: Click here
Thursday, December 15, 2022
Announcement by Riyad Capital regarding the details of non-fundamental changes to Riyad USD Diversified Trade Fund
Riyad Capital announces the approval of the Fund’s Board of Directors of a non-fundamental change to Riyad USD Diversified Trade Fund, such changes will become effective on (22/02/1444 H.), corresponding to (15/01/2023 G.).
The details of the non-fundamental changes are as follows:
- Amending the fund’s borrowing percentage
- Amending the investments Shariah criteria rules
Thursday, December 15, 2022
Announcement by Riyad Capital regarding a change of the membership of the Board of Directors of Riyad USD Diversified Trade Fund
Riyad Capital announces a change in the membership of the Board of Directors of Riyad USD Diversified Trade Fund due to appointment of board member (Mr. Faisal AlMekanzi) (membership status: Independent), from (04/05/1444 H.), corresponding to (28/11/2022 G.). The formation of the Board of Directors, after the change, shall be:
1. (Mr./ Raed Albarakati), (membership status: Dependent)
2. (Mr./ Abdulrahman Al-Mashal), (membership status: Dependent)
3. (Mr./ Abdullah AlFaris), (membership status: Dependent)
4. (Mrs./ Amal Alahmad), (membership status: Dependent)
5. (Mr./ Sattam Al Suwailem), (membership status: Independent)
6. (Mr./ Faisal AlMekanzi), (membership status: Independent)
Announcement by the Riyad Capital the availability of the quarterly statement of Riyad USD Diversified Trade Fund for the period ending on 30/09/2022.
The Riyad Capital announces that the quarterly statement of The RiyadUSD Diversified Trade Fund for the period ending on 30/09/2022. A copy of the quarterly statement can be retrieved in Riyad Capital website in the following link:
Announcement by Riyad Capital regarding a change of the membership of the Board of Directors of Riyad USD Diversified Trade Fund
Riyad Capital announces a change in the membership of the Board of Directors of Riyad USD Diversified Trade Fund due to resignation of board member (Dr. Abdulwahab Abu Dahesh) (membership status: Independent) from(08/02/1444H.), corresponding to (04/09/2022 G.), The formation of the Board of Directors, after the change, shall be:
- Raed Albarakati), (membership status: Dependent)
- (Mr./ Abdulrahman Al-Mashal), (membership status: Dependent)
- Abdullah AlFaris), (membership status: Dependent)
- Amal Alahmad), (membership status: Dependent)
- Sattam Al Suwailem), (membership status: Independent)
Announcement by Riyad Capital regarding the update of the terms and conditions of Riyad USD Diversified Trade Fund
Riyad Capital announces an update of the terms and conditions of Riyad USD Diversified Trade Fund, as of (27/01/1444H.), corresponding to (25/08/2022G.).
A summary of the main update items are as follows:
- Amending the Auditor name in the Fund Summary in the Terms and Conditions
- Update the summary of financial information of the fund manager in the Terms and Conditions, highlighting, revenues and profits in the preceding financial year.
- Adding the customer services email for Complaints procedures in the Terms and Conditions
- Appointment of PricewaterhouseCoopers as an auditor for Riyad USD Diversified Trade Fund instead of PKF Al-Bassam & Co Chartered Accountants.
The updated terms and conditions can be found in the attached file:Click here
Announcement by The Riyad Capital for providing the public with the interim financial statements of The Riyad USD Diversified Trade Fund for the period ending on 30/06/2022 are available to the public.
The Riyad Capital announces that the interim financial statements of The Riyad Diversified USD Trade Fund for the period ending on 30/06/2022. The following is the summary of the interim financial results of the period:
- Net assets on the end of period of (263,292,908) (USD).
- Total expenses and fees for the period (873,618) (USD).
- Net profit (loss) for the period of 2,186,908 (USD).
- Number of outstanding units in the end of period (9,581,435.28) (units).
- Net asset value for the unit in 27.48 (USD)
- Revenue of the period 0.74%.
Announcement by Riyad Capital regarding the details of non-fundamental changes to Riyad USD Diversified Trade Fund
Riyad Capital announces the approval of the Fund’s Board of Directors of a non-fundamental change to Riyad USD Diversified Trade Fund, such changes will become effective on (27/01/1444 H.), corresponding to (25/08/2022 G.).
The details of the non-fundamental changes are as follows:
- Amending the Auditor name in the Fund Summary in the Terms and Conditions
- Update the summary of financial information of the fund manager in the Terms and Conditions, highlighting, revenues and profits in the preceding financial year.
- Adding the customer services email for Complaints procedures in the Terms and Conditions
Appointment of PricewaterhouseCoopers as an auditor for Riyad USD Diversified Trade Fund instead of PKF Al-Bassam & Co Chartered Accountants.
Announcement by the Riyad Capital the availability of the quarterly statement of Riyad USD Diversified Trade Fund for the period ending on 30/06/2022.
The Riyad Capital announces that the quarterly statement of The RiyadUSD Diversified Trade Fund for the period ending on 30/06/2022. A copy of the quarterly statement can be retrieved in Riyad Capital website in the following link:
Announcement by the Riyad Capital the availability of the quarterly statement of Riyad USD Diversified Trade Fund for the period ending on 31/03/2022.
The Riyad Capital announces that the quarterly statement of The RiyadUSD Diversified Trade Fund for the period ending on 31/03/2022. A copy of the quarterly statement can be retrieved in Riyad Capital website in the following link:
Announcement by The Riyad Capital that The Riyad USD Diversified Trade Fund annual reports, including the annual audited financial statements, for the period ended on 31/12/2021 are available to the public
The Riyad Capital announces that The Riyad USD Diversified Trade Fund annual reports, including the annual audited financial statements, for the period ended on 31/12/2021.
Net assets on the end of period of (314,674,032) USD.
Total expenses and fees for the year/period ( -1,465,068) USD.
Net profit (loss) for the year/period of (3,010,686) USD.
Number of outstanding units at the end of period (11,535,245.77) (units)
Net asset value for the unit in 27.28 USD
Revenue of the period 1.22%.
Riyad Capital announces an update of the terms and conditions of Riyad USD Diversified Trade Fund as of (28/07/1443 H) corresponding to (01/03/2022 G.) A summary of the main updated items are as follows:
- Update terms & conditions according to the updated investment fund regulations
- Change fund board members
Riyad Capital announces a change in the membership of the Board of Directors of Riyad USD Diversified Trade Fund due to resignation of board member (Mr. Adel Ibrahim Al-Ateeq) (membership status: Dependent), and the resignation of board member (Mr. Farraj Saad Al-Qabani) (membership status: Dependent) and the resignation of board member (Mr. Haytham Al-Kowaileet) (membership status: Dependent) from (03/06/1443 H.), corresponding to (06/01/2022 G.), and appointment of board member (Mr./ Raed Albarakati), (membership status: Dependent), and appointment of board member (Mr./ Abdulrahman Al-Mashal), (membership status: Dependent), and appointment of board member (Mr./ Abdullah AlFaris), (membership status: Dependent) from (12/07/1443 H.), corresponding to (13/02/2022 G.). The formation of the Board of Directors, after the change, shall be:
1. (Mr./ Raed Albarakati), (membership status: Dependent)
2. (Mr./ Abdulrahman Al-Mashal), (membership status: Dependent)
3. (Mr./ Abdullah AlFaris), (membership status: Dependent)
4. (Mrs./ Amal Alahmad), (membership status: Dependent)
5. (Dr./ Abdulwahab Abu Dahesh), (membership status: Independent)
6. (Mr./ Sattam Al Suwailem), (membership status: Independent)
The Riyad Capital announces that the quarterly statement of The RiyadUSD Diversified Trade Fund for the period ending on 31/12/2021. A copy of the quarterly statement can be retrieved in Riyad Capital website in the following link:
Announcement by the Riyad Capital the availability of the quarterly statement of Riyad USD Diversified Trade Fund for the period ending on 30/09/2021.
The Riyad Capital announces that the quarterly statement of The RiyadUSD Diversified Trade Fund for the period ending on 30/09/2021. A copy of the quarterly statement can be retrieved in Riyad Capital website in the following link:
https://www.riyadcapital.com/ar/asset-management/public-funds/
Announcement by The Riyad Capital for providing the public with the interim financial statements of TheRiyad USDDiversified Trade Fundfor the period ending on 30/06/2021 are available to the public.
The Riyad Capital announces that the interim financial statements of The Riyad Diversified USD Trade Fund for the period ending on 30/06/2021. The following is the summary of the interim financial results of the period:
- Net assets on the end of period of (222,848,103) (USD).
- Total expenses and fees for the period (665,928) (USD).
- Net profit (loss) for the period of 1,424,091 (USD).
- Number of outstanding units in the end of period (8,217,830.61) (units).
- Net asset value for the unit in 27.12 (USD)
- Revenue of the period 0.62%.
The Riyad Capital announces that the quarterly statement of The RiyadUSD Diversified Trade Fund for the period ending on 30/06/2021. A copy of the quarterly statement can be retrieved in Riyad Capital website in the following link:
https://www.riyadcapital.com/ar/asset-management/public-funds/
Riyad Capital announces the details of notifiable changes to Riyad USD Diversified Trade Fund.
Riyad Capital announces the details of notifiable changes to Riyad USD Diversified Trade Fund, such changes will become effective on 23/08/1442H. corresponding to 05/04/2021G.
Details of the notifiable changes are: (Changing the custodian to HSBC Saudi Arabia, and the address of the fund manager)
Riyad Capital announcement availability of the annual report of Riyad USD Diversified Trade Fund including the audited annual financial results for the year ended 31/12/2020.
Riyad Capital announces that Riyad USD Diversified Trade Fund`s annual audited results are available to the public. The following is a summary of the annual financial results for the period ended on 31/12/2020.
- Net Asset Value at the end of the period (226,994,972)USD
- Total Expenses and Fees for the period (-729,791) USD
- Net Income for the period (2,548,465)USD.
- Net Asset Value per unit: 26.95USD
- Number of Units (8,422,837.93).
- Total returns for the period: 2.13%
for further details on the Annual Report and the Annual Financial Results, please visit
Riyad Capital announces the appointment of HSBC Saudi Arabia as a Custodian for Riyad USD Diversified Trade Fund.
Riyad Capital announces the appointment of HSBC Saudi Arabia as a Custodian for Riyad USD Diversified Trade Fund effective Monday 23/08/1442H. corresponding to 05/04/2021G.
Riyad Capital announces the availability of semiannual reports. The following is a summary of the semiannual financial results for the period ended 30/06/2020:
- Net assets at the end of the period 139,428,291 USD
- Total expenses and fees for the period (267,467) USD
- Net profit / (loss) for the period 1,189,832 USD
- Number of units at the end of the period 5,218,933.05 units
- Net unit value of 26.72 USD
- Return of period 1.24%
Please Find the report at the below link:
https://www.riyadcapital.com/ar/asset-management/public-funds/fixed-income-funds/
Riyad Capital announcement availability of the annual report of Riyad USD Diversified Trade Fund including the audited annual financial results for the year ended 31/12/2019 .
Riyad Capital announces the availability of audited annual results for the year ended 31/12/2019.
Here is the summary of results:
Net Asset Value at the end of the period (49,155,967) USD.
Total Expenses and Fees for the period (-169,024) USD
Net Income for the period (916,328) USD.
Net Asset Value per unit: 26.39USD
Number of Units1,862,817.78.
Total returns for the period: 2.56%
for further details on the Annual Report and the Annual Financial Results, please visit
http://www.riyadcapital.com/ar/asset-management/public-funds/fixed-income-funds/
Riyad Capital announces the availability of semiannual reports. The following is a summary of the semiannual financial results for the period ended 30/06/2019:
- Net assets at the end of the period 26,547,668 USD
- Total expenses and fees for the period (49,410) USD
- Net profit / (loss) for the period 204,349 USD
- Number of units at the end of the period 1,022,587.57 units
- Net unit value of 25.96 USD
- Return of period 0.90%
Please click here to view the report
Riyad Capital announces the availability of the Riyad Money Fund USD semiannual reports including semiannual financial statements reviewed for the period ended 30/06/2018 to the public.
Riyad Capital announces the availability of semiannual reports. The following is a summary of the semiannual financial results for the period ended 30/06/ 2018:
- Net assets at the end of the period 20,842,721 USD
- Total expenses and fees for the period (45,151) USD
- Net profit / (loss) for the period 109,811 USD
- Number of units at the end of the period 815,908.98 units
- Net unit value of 25.5454 USD
- Return of period 1.04%
Please Find the report at the below link:
http://www.riyadcapital.com/en/asset-management/public-funds/money-market-funds/