Islamic Global Real Estate Securities Fund - Class A
Overview
Objective
The objective of the Fund is to provide its shareholders with long-term growth through investing in a diversified portfolio of global real estate securities. The fund offers two Portfolios:
- Class A Portfolio:
The Class A Portfolio of the Fund will invest substantially all of its assets in the Class A Portfolio of the Wafra-Pramerica Fund. Class A Portfolio of the Wafra-Pramerica Fund may incur Portfolio Leverage on a Shariah compliant basis. Such Portfolio Leverage would be in addition to any Property Leverage affecting the entities in which the Wafra-Pramerica Fund invests.
The two portfolios of the Wafra-Pramerica Fund will seek to make investments in a diversified portfolio of real estate securities in compliance with the Shariah Criteria. Real estate securities include securities of real estate investment, development and operating companies, including real estate investment trusts, and the securities of companies providing management and investment advisory services to real estate investment, development and operating companies.
Fund Features
- Well diversified Global Real Estate Securities
- Monthly liquidity
- Two different Classes of Shares
- All Investments are in accordance with the Islamic Shariah Principles
Risk Level
NAV $1085.3736 as of 31 March 2013