MEFIC IPO Fund â September 2017
MEFIC IPO Fund – September 2017 Performance Review
Fund Background 19th
MEFIC Capi tal launched MEFIC IPO Fund on Ma y 2014. MEFIC IPO Fund is an open end Sha riah compliant mutual fund whi ch can i nves t in IPOs , Small & Medi um Cap Companies and the companies whi ch a re listed in the l a st fi ve years.
Fund Facts Fund Type Ri s k Level Cus todian Audi tors Benchmark Li s ting Va l uation Days Announcement Days Fund Assets Mi n Initial Investment Mi n Add Investment Mi n Redemp. Amount Ma na gement Fees Subs cription Fees Other Fees Ea rl y Red. Charges
Open End Hi gh MEFIC Ca pi tal BDO Dr.Moha mmad Amri MEFIC S&P IPO Index TADAWUL Monda y & Thursday Tues day & Sunday SAR 52.81 MN SAR 10,000 SAR 5,000 SAR 5,000 1.75% per a nnum 1.50% 0.5% per a nnum 2%(Redeem in a month)
Fund Allocation 8%
previous month, due to the Eid holida y and the na tional da y. The main sectors that a chieved positi ve performance were Media (7.30%), Ma terials (3.37%) and Commercial and Professional Svc (3.33%). On the other hand, the Food and Bevera ge
s ector and the Telecommunication Services declined by (6.70%) and (3.96%), respectively.
Performance Performance Fund
1M -0.24%
3M -0.57%
YTD -6.72%
1Y 11.01%
Since Inception 26.53%
MEFIC S&P IPO i ndex
0.57%
-2.27%
-11.94%
15.82%
-43.23%
TASI
0.34%
-1.92%
1.01%
29.51%
-25.76%
Fund Performance Information Ratio
1.43
Beta
0.62
Al pha
22.40%
Fund Performance MEFIC IPO Fund Return Against 60% 40%
20%
3%
0.3%
The Saudi Stock Ma rket Index (TASI) achieved positi ve returns of 0.33% to close by the end of September at 7,283.01. The total value of sha res traded for the month of September 2017 reached SAR 50.17 billion, decreasing by 16.63% over the
Insurance Real Estate
7% 8%
23%
0%
Comm & Profes Svc
-20%
Transportation
-40%
Materials
Health Care Eq & Svc Other NOMU Market
MEFIC IPO FUND
TASI
S&P IPO BENCHMARK
Sep-17
Cash
Jul-17
May -17
Mar-17
Jan-17
Nov-16
Sep-16
Jul-16
May -16
Mar-16
Jan-16
Nov-15
Sep-15
Jul-15
May -15
Mar-15
Jan-15
Nov-14
9%
14%
Sep-14
12%
Consumer Services
-60% Jul-14
6%
Retailing
May -14
10%
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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Fund Background 19th
MEFIC Capi tal launched MEFIC IPO Fund on Ma y 2014. MEFIC IPO Fund is an open end Sha riah compliant mutual fund whi ch can i nves t in IPOs , Small & Medi um Cap Companies and the companies whi ch a re listed in the l a st fi ve years.
Fund Facts Fund Type Ri s k Level Cus todian Audi tors Benchmark Li s ting Va l uation Days Announcement Days Fund Assets Mi n Initial Investment Mi n Add Investment Mi n Redemp. Amount Ma na gement Fees Subs cription Fees Other Fees Ea rl y Red. Charges
Open End Hi gh MEFIC Ca pi tal BDO Dr.Moha mmad Amri MEFIC S&P IPO Index TADAWUL Monda y & Thursday Tues day & Sunday SAR 52.81 MN SAR 10,000 SAR 5,000 SAR 5,000 1.75% per a nnum 1.50% 0.5% per a nnum 2%(Redeem in a month)
Fund Allocation 8%
previous month, due to the Eid holida y and the na tional da y. The main sectors that a chieved positi ve performance were Media (7.30%), Ma terials (3.37%) and Commercial and Professional Svc (3.33%). On the other hand, the Food and Bevera ge
s ector and the Telecommunication Services declined by (6.70%) and (3.96%), respectively.
Performance Performance Fund
1M -0.24%
3M -0.57%
YTD -6.72%
1Y 11.01%
Since Inception 26.53%
MEFIC S&P IPO i ndex
0.57%
-2.27%
-11.94%
15.82%
-43.23%
TASI
0.34%
-1.92%
1.01%
29.51%
-25.76%
Fund Performance Information Ratio
1.43
Beta
0.62
Al pha
22.40%
Fund Performance MEFIC IPO Fund Return Against 60% 40%
20%
3%
0.3%
The Saudi Stock Ma rket Index (TASI) achieved positi ve returns of 0.33% to close by the end of September at 7,283.01. The total value of sha res traded for the month of September 2017 reached SAR 50.17 billion, decreasing by 16.63% over the
Insurance Real Estate
7% 8%
23%
0%
Comm & Profes Svc
-20%
Transportation
-40%
Materials
Health Care Eq & Svc Other NOMU Market
MEFIC IPO FUND
TASI
S&P IPO BENCHMARK
Sep-17
Cash
Jul-17
May -17
Mar-17
Jan-17
Nov-16
Sep-16
Jul-16
May -16
Mar-16
Jan-16
Nov-15
Sep-15
Jul-15
May -15
Mar-15
Jan-15
Nov-14
9%
14%
Sep-14
12%
Consumer Services
-60% Jul-14
6%
Retailing
May -14
10%
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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