MEFIC IPO FUND FACT SHEET âDECEMBER 2015
MEFIC IPO FUND FACT SHEET –DECEMBER 2015 Fund Background
Performance Review
MEFIC Capital launched MEFIC IPO Fund on 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 three years.
During the month of December, the global markets continue downward trend due to concerns surrounding China’s manufacturing activity slowdown. The GCC markets were under pressure due to OPEC’s decision of not cutting oil supply. Also, there were massive cuts in spending announced by the GCC governments. In KSA, there was a spending cut of over 2% compared to last year’s budgeted spending. However, the fund continued to outperform the market and since inception alpha stood at by 49.81% . Going forward, we believe the Saudi market would be under stress due to falling oil prices, unstable political situation in the region and slow down in economic growth.
Fund Facts
Performance
19th
Fund Type Risk Level Custodian Auditors Benchmark Listing Valuation Days Announcement Days Min Initial Investment Min Add Investment Min Redemp. Amount Management Fees Subscription Fees Other Fees Early Red. Charges
Open End High MEFIC Capital KPMG MEFIC GCC IPO Index TADAWUL Monday & Thursday Tuesday & Sunday SAR 10,000 SAR 5,000 SAR 5,000 1.75% per annum 1.5% 0.5% per annum 2%(Redeem in a month)
3M
Since Inception
Fund
-1.74%
-4.19%
17.69%
MEFIC GCC IPO index
-5.07%
-8.07%
-32.12%
TASI
-4.53%
-7.13%
-29.54%
Fund Performance Information Ratio
Real Estate, Insurance, 7.7% 5.4% Agriculture & Food, 14.0%
Petrochemi cals, 3.3%
Hotel & Tourism, 10.1% Retail , 22.3%
0.16
Beta
0.62
Alpha
49.81%
Fund Performance Since Inception Return Comparison
60% 50%
43% 46% 43% 36% 36%
30%
30% 32%
34% 25%
22% 21% 23% 22% 20% 20% 22% 18% 13% 3% 20% 11% 4% 3% 10%0.14% 0.25% -1% 0% 0% 0% -3% -5% 11% 11% -7% -7% 0% -9% -12% -15% -9% 4% 3% 1% -2% -10% 0% -2% -3% -7% -7% -9% -23% -24% -27% -26% -9% -20% -11% -30% -12% -9% -30% MEFIC IPO FUND TASI MEFIC GCC IPO Index -27% -26% -28% -28% -40% -32% 30%
Cash, 27%
Transportati on, 10.6%
1M
40%
Fund Allocation Cement, 0.1%
Performance
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 IPO Fund on 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 three years.
During the month of December, the global markets continue downward trend due to concerns surrounding China’s manufacturing activity slowdown. The GCC markets were under pressure due to OPEC’s decision of not cutting oil supply. Also, there were massive cuts in spending announced by the GCC governments. In KSA, there was a spending cut of over 2% compared to last year’s budgeted spending. However, the fund continued to outperform the market and since inception alpha stood at by 49.81% . Going forward, we believe the Saudi market would be under stress due to falling oil prices, unstable political situation in the region and slow down in economic growth.
Fund Facts
Performance
19th
Fund Type Risk Level Custodian Auditors Benchmark Listing Valuation Days Announcement Days Min Initial Investment Min Add Investment Min Redemp. Amount Management Fees Subscription Fees Other Fees Early Red. Charges
Open End High MEFIC Capital KPMG MEFIC GCC IPO Index TADAWUL Monday & Thursday Tuesday & Sunday SAR 10,000 SAR 5,000 SAR 5,000 1.75% per annum 1.5% 0.5% per annum 2%(Redeem in a month)
3M
Since Inception
Fund
-1.74%
-4.19%
17.69%
MEFIC GCC IPO index
-5.07%
-8.07%
-32.12%
TASI
-4.53%
-7.13%
-29.54%
Fund Performance Information Ratio
Real Estate, Insurance, 7.7% 5.4% Agriculture & Food, 14.0%
Petrochemi cals, 3.3%
Hotel & Tourism, 10.1% Retail , 22.3%
0.16
Beta
0.62
Alpha
49.81%
Fund Performance Since Inception Return Comparison
60% 50%
43% 46% 43% 36% 36%
30%
30% 32%
34% 25%
22% 21% 23% 22% 20% 20% 22% 18% 13% 3% 20% 11% 4% 3% 10%0.14% 0.25% -1% 0% 0% 0% -3% -5% 11% 11% -7% -7% 0% -9% -12% -15% -9% 4% 3% 1% -2% -10% 0% -2% -3% -7% -7% -9% -23% -24% -27% -26% -9% -20% -11% -30% -12% -9% -30% MEFIC IPO FUND TASI MEFIC GCC IPO Index -27% -26% -28% -28% -40% -32% 30%
Cash, 27%
Transportati on, 10.6%
1M
40%
Fund Allocation Cement, 0.1%
Performance
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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