“Securities markets in Saudi Arabia are subject to greater risks associated with market volatility, lower market capitalization, lower trading volume, illiquidity, inflation, greater price fluctuations, uncertainty regarding the existence of trading markets, governmental control and heavy regulation of labor and industry,” according to the filings.

Additionally, the funds are subject to currency risks – assets are denominated in the Saudi riyal. As a result, changes in the Forex market may either benefit or drag on the funds’ performances.

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Max Chen contributed to this article.