MEFIC Local Equity Fund â March 2018
MEFIC Local Equity Fund – March 2018 Fund Background
Performance Review
MEFIC Capital launched MEFIC Local Equity Fund on 4th May 2015. MEFIC Local Equity Fund is an open end Shariah compliant mutual fund which can invest in Saudi listed equities & IPOs.
The Saudi Stock Market Index (TASI) achieved Positive returns to close by the end of March at 7870.87 The total value of shares traded for the month of March 2018 reached SAR 87.56 billion, Increasing by 29.23% over the previous month. The main sector that achieved a positive performance was Food Staples (12.17%) and Materials (8.51%). On the other hand, the
Commercial & Professional Services and REITs declined by (-3.4%) and (-2.8%), respectively.
Fund Facts Fund Type Risk Level Custodian Auditors Benchmark Listing Valuation Days Announcement Days Fund Assets Min Initial Investment Min Add Investment Min Redemp. Amount Management Fees Subscription Fees Other Fees Early Red. Charges
S&P Saudi Shariah Index TADAWUL Monday & Thursday Tuesday & Sunday SAR 14.1 MN SAR 10,000 SAR 10,000 SAR 10,000 1.5% per annum 1.5% 1.5% per annum 1.0%(Redeem in a month)
22% 3%
3% 4%
3M
YTD
1Y
Since Inception
Fund S&P Shariah Index
11.89%
11.89%
14.47%
-1.83%
6.91%
8.80%
8.80%
11.88%
-11.43%
TASI
6.09%
8.92%
8.92%
12.41%
-19.39%
Fund Performance Information Ratio Beta Alpha
Fund Performance MEFIC Local Equity Fund return since inception 5.00%
Food & Beverage -45.00% Transportation Telecommunication Real Estate Mgmt. Dvlt.
28%
0.46 0.71 9.6%
Cash
3/31/2018 2/28/2018 1/31/2018 12/31/2017 30/11/2017 31/10/2017 28/09/2017 8/31/2017 7/31/2017 6/29/2017 5/29/2017 4/27/2017 3/30/2017 2/27/2017 1/30/2017 12/31/2016 11/28/2016 10/31/2016 9/29/2016 8/29/2016 7/28/2016 6/30/2016 5/30/2016 4/28/2016 3/31/2016 2/29/2016 1/28/2016 12/31/2015 11/30/2015 10/29/2015 9/28/2015 8/31/2015 7/30/2015 6/29/2015 5/31/2015 5/3/2015
8% 10%
1M 5.88%
-5.00% Consumer Staples -15.00% Retailing -25.00% Materials -35.00% Health Care
14%
6%
Performance
Financials
Fund Allocation 2%
Performance
Open End High Albilad Capital BDO Dr.Mohammad Amri
MEFIC LOCAL EQUITY FUND
TASI
S&P SHARIA INDEX
Contact Information
MEFIC Website
www.mefic.com.sa
Tadawul
www.Tadawul.com.sa 7758, 1st Floor Al Mada Building, King Fahad Road, Riyadh, Saudi Arabia
Address Phone
00966 11 218 6666
Email
[email protected]
Disclaimer All investments in Mutual Funds are subject to market risks. The NAV of the fund units may go up or down based on the market conditions. Past performance is not necessarily indicative of future results. The investors are advised in their own interest to carefully read the Terms & Conditions of the fund in particular the risk disclosures and warning statements mentioned therein.
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Performance Review
MEFIC Capital launched MEFIC Local Equity Fund on 4th May 2015. MEFIC Local Equity Fund is an open end Shariah compliant mutual fund which can invest in Saudi listed equities & IPOs.
The Saudi Stock Market Index (TASI) achieved Positive returns to close by the end of March at 7870.87 The total value of shares traded for the month of March 2018 reached SAR 87.56 billion, Increasing by 29.23% over the previous month. The main sector that achieved a positive performance was Food Staples (12.17%) and Materials (8.51%). On the other hand, the
Commercial & Professional Services and REITs declined by (-3.4%) and (-2.8%), respectively.
Fund Facts Fund Type Risk Level Custodian Auditors Benchmark Listing Valuation Days Announcement Days Fund Assets Min Initial Investment Min Add Investment Min Redemp. Amount Management Fees Subscription Fees Other Fees Early Red. Charges
S&P Saudi Shariah Index TADAWUL Monday & Thursday Tuesday & Sunday SAR 14.1 MN SAR 10,000 SAR 10,000 SAR 10,000 1.5% per annum 1.5% 1.5% per annum 1.0%(Redeem in a month)
22% 3%
3% 4%
3M
YTD
1Y
Since Inception
Fund S&P Shariah Index
11.89%
11.89%
14.47%
-1.83%
6.91%
8.80%
8.80%
11.88%
-11.43%
TASI
6.09%
8.92%
8.92%
12.41%
-19.39%
Fund Performance Information Ratio Beta Alpha
Fund Performance MEFIC Local Equity Fund return since inception 5.00%
Food & Beverage -45.00% Transportation Telecommunication Real Estate Mgmt. Dvlt.
28%
0.46 0.71 9.6%
Cash
3/31/2018 2/28/2018 1/31/2018 12/31/2017 30/11/2017 31/10/2017 28/09/2017 8/31/2017 7/31/2017 6/29/2017 5/29/2017 4/27/2017 3/30/2017 2/27/2017 1/30/2017 12/31/2016 11/28/2016 10/31/2016 9/29/2016 8/29/2016 7/28/2016 6/30/2016 5/30/2016 4/28/2016 3/31/2016 2/29/2016 1/28/2016 12/31/2015 11/30/2015 10/29/2015 9/28/2015 8/31/2015 7/30/2015 6/29/2015 5/31/2015 5/3/2015
8% 10%
1M 5.88%
-5.00% Consumer Staples -15.00% Retailing -25.00% Materials -35.00% Health Care
14%
6%
Performance
Financials
Fund Allocation 2%
Performance
Open End High Albilad Capital BDO Dr.Mohammad Amri
MEFIC LOCAL EQUITY FUND
TASI
S&P SHARIA INDEX
Contact Information
MEFIC Website
www.mefic.com.sa
Tadawul
www.Tadawul.com.sa 7758, 1st Floor Al Mada Building, King Fahad Road, Riyadh, Saudi Arabia
Address Phone
00966 11 218 6666
[email protected]
Disclaimer All investments in Mutual Funds are subject to market risks. The NAV of the fund units may go up or down based on the market conditions. Past performance is not necessarily indicative of future results. The investors are advised in their own interest to carefully read the Terms & Conditions of the fund in particular the risk disclosures and warning statements mentioned therein.
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