MEFIC IPO FUND FACT SHEET - February 2015
MEFIC IPO FUND FACT SHEET - February 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.
As of February end, 2015, MEFIC IPO Fund’s return since inception i.e. from May 19th, 2014, stands at an impressive 32% against the (TASI) yield of -5%. Thus the fund has outperformed the TASI by a remarkable 37% since its inception.
Fund Facts
Performance
19th
Fund Type Risk Level Custodian Auditors Index 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 TASI 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)
During the month of February-2015, TASI increased by 5% due to reiteration of news about market opening for foreign investors.
Performance
1M
3M
Since Inception
Fund
2%
10%
32%
TASI
5%
8%
-5%
Fund Performance Information Ratio
0.16
Beta
0.42
Alpha
37%
Fund Performance MEFIC IPO Fund Since Inception Return Comparison with TASI
40%
36.14%
35.52%
30%
Fund Allocation Cash , 10%
Petrochemical s, 6.7%
13% 10%
Hotel & Tourism, 12.5% Transport, 4.7% Industrial Investment, 3.7% Real Estate, Construction, 3.5% 6.8%
Banks, 2.2% Cement, 9.3% Food & Agriculture, 17.6%
22.49%
11%
4%
-0.11% 0%
29.69% 19.80%
22.29%
20% Retail, 23.3%
31.86% 29.82%
0% 0.14%
3%
2.51% -3%
-9%
-10% -12% -20% MEFIC IPO Fund
TASI
-15%
-5%
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.
As of February end, 2015, MEFIC IPO Fund’s return since inception i.e. from May 19th, 2014, stands at an impressive 32% against the (TASI) yield of -5%. Thus the fund has outperformed the TASI by a remarkable 37% since its inception.
Fund Facts
Performance
19th
Fund Type Risk Level Custodian Auditors Index 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 TASI 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)
During the month of February-2015, TASI increased by 5% due to reiteration of news about market opening for foreign investors.
Performance
1M
3M
Since Inception
Fund
2%
10%
32%
TASI
5%
8%
-5%
Fund Performance Information Ratio
0.16
Beta
0.42
Alpha
37%
Fund Performance MEFIC IPO Fund Since Inception Return Comparison with TASI
40%
36.14%
35.52%
30%
Fund Allocation Cash , 10%
Petrochemical s, 6.7%
13% 10%
Hotel & Tourism, 12.5% Transport, 4.7% Industrial Investment, 3.7% Real Estate, Construction, 3.5% 6.8%
Banks, 2.2% Cement, 9.3% Food & Agriculture, 17.6%
22.49%
11%
4%
-0.11% 0%
29.69% 19.80%
22.29%
20% Retail, 23.3%
31.86% 29.82%
0% 0.14%
3%
2.51% -3%
-9%
-10% -12% -20% MEFIC IPO Fund
TASI
-15%
-5%
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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