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The Fund
The Capital Investments Global Fund is an open-ended mutual fund, denominated in Jordanian Dinar, that invests in a diversified portfolio of global listed equities, fixed-income instruments, and money-market instruments. It aims to achieve capital growth over the medium to long term within a medium-to-high risk level, on an accumulation basis where profits are reinvested within the fund.
The fund is suitable for both retail and institutional clients. The minimum investment is JOD 1,000.
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NAV
JOD 1.00
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October Returns
+0.01%
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AUMs
JOD 2,244,754
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ABOUT THE FUND
The fund invests primarily in listed global equities and exchange-traded funds, fixed-income instruments (bonds and sukuk), as well as commodities, financial derivatives, cash, and short-term money-market instruments. The fund itself is denominated in Jordanian Dinar (JOD), and subscriptions and redemptions are handled in JOD. The fund's units are not listed; subscription and redemption can only be done through the investment manager.
WHY CHOOSE THIS FUND INSTEAD OF INVESTING DIRECTLY MYSELF?
The fund offers professional active management and broad diversification across global markets and asset classes, within a regulated environment supervised by the Jordan Securities Commission, giving you easy access to global markets through a single platform.
HOW DOES THE FUND WORK?
The investment committee makes buy, hold, and sell decisions based on market conditions, its investment outlook, and economic trends. The fund targets an absolute return of 8% per year over the medium-to-long term, though this is not guaranteed. The fund is an accumulation fund, so all profits are reinvested within the fund rather than paid out to unitholders.
HOW IS THE FUND'S NET ASSET VALUE (NAV) CALCULATED?
The NAV is calculated monthly on the last business day of each month. The NAV is calculated by deducting the fund's liabilities from the total value of its assets, then dividing by the number of outstanding units. This is the value of your unit holdings in the fund.
HOW CAN I SUBSCRIBE TO THE FUND?
Investors can subscribe to the fund monthly by filling in the subscription form and submitting it to Capital Investments. Subscriptions are processed based on the net asset value (NAV) as of the last business day of each month. Requests must be received at least 5 business days before month-end to be processed within that month.
The minimum subscription is JOD 1,000 with increments of JOD 100.
The initial offering carries no subscription fee. After the initial offering period, a subscription fee of up to 0.5% of the subscription amount applies; this is a one-time, non-refundable fee.
HOW CAN I REDEEM MY INVESTMENT IN THE FUND?
Investors can redeem part or all their units monthly, by filling in the redemption form and submitting it to Capital Investments. Redemptions are processed based on the net asset value (NAV) as of the last business day of each month. Requests must be received at least 5 business days before month-end to be processed within that month. Redemption proceeds are paid within 5 business days of the NAV calculation date. Redeeming investment units is not subject to any fee.
WHAT ARE THE COSTS TO THE FUND?
The fund is subject to a number of fees:
Management fee: 1.00% per year of the fund's net asset value (NAV), calculated and deducted monthly.
Performance fee: 20% of the excess return the fund achieves above an 8% annual hurdle rate.
Other: The fund bears the trustee fees, auditor fees, a tax advisor fee, plus marketing fees.
WHAT IS THE FUND'S RISK LEVEL?
The fund is classified as medium-to-high risk given the nature of the assets it invests in, particularly equities. Key risks include but are not limited to market risk, equity risk, political and economic risk, regulatory risk, currency risk, liquidity risk, issuer risk, trading-suspension risk, and reinvestment risk.
HOW IS THE FUND GOVERNED?
The fund is registered with the Jordan Securities Commission in Jordan, and it is subject to The Regulation of Mutual Funds of 2018 and other applicable laws. Capital Investments is the investment manager, Jordan Kuwait Bank is the investment trustee, and Laurel Wreath - Jordan serves as the fund's auditor.
Disclaimer
The information on this website about the Capital Investments Global Fund (the "Fund") is provided by Capital Investments & Brokerage Jordan (Capital Investments) for general information only and does not constitute investment, legal, or tax advice, nor an offer or recommendation to buy or sell units. Investment in the Fund carries a medium-to-high level of risk. The value of units may rise or fall, and investors may lose part or all of their capital. The targeted annual return is not guaranteed. Past performance is not a reliable indicator of future results. Units are not bank deposits and are not guaranteed by any bank or government agency. The Fund is regulated by the Jordan Securities Commission; such regulation does not imply endorsement of its performance. Please seek independent professional advice before investing.