MEFIC IPO Fund â March 2018
MEFIC IPO Fund – February 2018 Fund Background
Performance Review
MEFIC Capital launched MEFIC IPO Fund on 19th May 2014. MEFIC IPO Fund is an open end Shariah compliant mutual fund which can invest in IPOs, Small & Medium Cap Companies and the companies which are listed in the last five years.
The Saudi Stock Market Index (TASI) achieved Positive returns of 0.39% to close by the end of February at 7418.8. The total value of shares traded for the month of February 2018reached SAR 67.75 billion, Decreasing by 17.34% over the previous month. The main sector that achieved a positive performance was Food Staples (15.5%) and Media (9.45%). On the other hand, the Pharmaceuticals and Diversified Financials declined by (-5.97%) and (-7.51%), 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
9%
Consumer Discretionary
25.68%
MEFIC S&P IPO index
-1.46%
7.97%
0.58%
-4.06%
-42.51%
TASI
-3.02%
5.92%
2.66%
6.40%
-24.37
Fund Performance Information Ratio
1.27
Beta
0.6
Alpha
68.19%
MEFIC IPO Fund Return since inception
60% 40% 20%
0%
4%
-20% -40%
10% 30%
-60% Jan-18
S&P IPO BENCHMARK
Nov-17
Sep-17
Jul-17
May-17
Mar-17
Jan-17
Nov-16
Sep-16
TASI
Jul-16
May-16
Mar-16
15%
Jan-16
MEFIC IPO FUND 15%
Nov-15
Sep-15
Jul-15
May-15
8%
Mar-15
8%
Jan-15
Cash
Since Inception
-3.69%
Nov-14
Transportation
1Y
4.16%
Sep-14
Retailing
YTD
5.88%
Jul-14
Real Estate
3M
1.91%
May-14
REITS
1M
Fund
Fund Performance
1%
Insurance
Health Care
Performance
MEFIC S&P IPO Index TADAWUL Monday & Thursday Tuesday & Sunday SAR 35.28MN SAR 10,000 SAR 5,000 SAR 5,000 1.75% per annum 1.50% 0.5% per annum 2%(Redeem in a month)
Fund Allocation
Materials
Performance
Open End High MEFIC Capital BDO Dr.Mohammad Amri
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.
2
Performance Review
MEFIC Capital launched MEFIC IPO Fund on 19th May 2014. MEFIC IPO Fund is an open end Shariah compliant mutual fund which can invest in IPOs, Small & Medium Cap Companies and the companies which are listed in the last five years.
The Saudi Stock Market Index (TASI) achieved Positive returns of 0.39% to close by the end of February at 7418.8. The total value of shares traded for the month of February 2018reached SAR 67.75 billion, Decreasing by 17.34% over the previous month. The main sector that achieved a positive performance was Food Staples (15.5%) and Media (9.45%). On the other hand, the Pharmaceuticals and Diversified Financials declined by (-5.97%) and (-7.51%), 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
9%
Consumer Discretionary
25.68%
MEFIC S&P IPO index
-1.46%
7.97%
0.58%
-4.06%
-42.51%
TASI
-3.02%
5.92%
2.66%
6.40%
-24.37
Fund Performance Information Ratio
1.27
Beta
0.6
Alpha
68.19%
MEFIC IPO Fund Return since inception
60% 40% 20%
0%
4%
-20% -40%
10% 30%
-60% Jan-18
S&P IPO BENCHMARK
Nov-17
Sep-17
Jul-17
May-17
Mar-17
Jan-17
Nov-16
Sep-16
TASI
Jul-16
May-16
Mar-16
15%
Jan-16
MEFIC IPO FUND 15%
Nov-15
Sep-15
Jul-15
May-15
8%
Mar-15
8%
Jan-15
Cash
Since Inception
-3.69%
Nov-14
Transportation
1Y
4.16%
Sep-14
Retailing
YTD
5.88%
Jul-14
Real Estate
3M
1.91%
May-14
REITS
1M
Fund
Fund Performance
1%
Insurance
Health Care
Performance
MEFIC S&P IPO Index TADAWUL Monday & Thursday Tuesday & Sunday SAR 35.28MN SAR 10,000 SAR 5,000 SAR 5,000 1.75% per annum 1.50% 0.5% per annum 2%(Redeem in a month)
Fund Allocation
Materials
Performance
Open End High MEFIC Capital BDO Dr.Mohammad Amri
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.
2
