MEFIC Local Equity Fund â February 2018
MEFIC Local Equity Fund – September 2017 Performance Review
Fund Background MEFIC Capi tal launched MEFIC Local Equity Fund on 4th Ma y 2015. MEFIC Local Equi ty Fund is an open end Sha riah compliant mutual fund whi ch can inves t in Saudi l i sted equities & IPOs .
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 S&P Sa udi Shariah Index TADAWUL Monda y & Thursday Tues day & Sunday SAR 12.79 MN SAR 10,000 SAR 10,000 SAR 10,000 1.5% per a nnum 1.5% 1.5% per a nnum 1.0%(Redeem in a month)
Fund Allocation 2%
total value of sha res traded for the month of September 2017 reached SAR 50.17 billion, decreasing by 16.63% over the 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 S&P Sha ri ah Index
1M 0.95%
3M 0.09%
YTD 4.65%
1Y 27.32%
Since Inception -10.29%
0.29%
-2.28%
1.59%
28.92%
-18.37%
TASI
0.34%
-1.92%
1.01%
29.51%
-25.41%
Fund Performance Information Ratio Beta Al pha
0.44 0.71 3.78%
Fund Performance MEFIC Local Equity Fund return since inception 5.00% -5.00%
0.05%
Capital Goods
1% 3%
Comm & Profes Svc
2%
Con sumer Services
4%
Food & Staples Retailing Transportation
6%
25%
5%
28/09/2017
8/31/2017
7/31/2017
6/29/2017
5/29/2017
S&P Shariah
4/27/2017
3/30/2017
2/27/2017
1/30/2017
12/31/2016
11/28/2016
10/31/2016
TASI
9/29/2016
8/29/2016
7/28/2016
MEFIC Local Equity Fund
6/30/2016
5/30/2016
4/28/2016
3/31/2016
2/29/2016
1/28/2016
Other
12/31/2015
Cash
11/30/2015
Materials
10/29/2015
Banks
9/28/2015
Insu rance
8/31/2015
6%
7/30/2015
Health Care Eq & Svc
-45.00% 6/29/2015
9%
-35.00%
5/31/2015
Real Estate
Food & Beverages 16%
-25.00%
5/3/2015
3%
-15.00%
Telecommunication Services Retailin g
7%
11%
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
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 MEFIC Capi tal launched MEFIC Local Equity Fund on 4th Ma y 2015. MEFIC Local Equi ty Fund is an open end Sha riah compliant mutual fund whi ch can inves t in Saudi l i sted equities & IPOs .
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 S&P Sa udi Shariah Index TADAWUL Monda y & Thursday Tues day & Sunday SAR 12.79 MN SAR 10,000 SAR 10,000 SAR 10,000 1.5% per a nnum 1.5% 1.5% per a nnum 1.0%(Redeem in a month)
Fund Allocation 2%
total value of sha res traded for the month of September 2017 reached SAR 50.17 billion, decreasing by 16.63% over the 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 S&P Sha ri ah Index
1M 0.95%
3M 0.09%
YTD 4.65%
1Y 27.32%
Since Inception -10.29%
0.29%
-2.28%
1.59%
28.92%
-18.37%
TASI
0.34%
-1.92%
1.01%
29.51%
-25.41%
Fund Performance Information Ratio Beta Al pha
0.44 0.71 3.78%
Fund Performance MEFIC Local Equity Fund return since inception 5.00% -5.00%
0.05%
Capital Goods
1% 3%
Comm & Profes Svc
2%
Con sumer Services
4%
Food & Staples Retailing Transportation
6%
25%
5%
28/09/2017
8/31/2017
7/31/2017
6/29/2017
5/29/2017
S&P Shariah
4/27/2017
3/30/2017
2/27/2017
1/30/2017
12/31/2016
11/28/2016
10/31/2016
TASI
9/29/2016
8/29/2016
7/28/2016
MEFIC Local Equity Fund
6/30/2016
5/30/2016
4/28/2016
3/31/2016
2/29/2016
1/28/2016
Other
12/31/2015
Cash
11/30/2015
Materials
10/29/2015
Banks
9/28/2015
Insu rance
8/31/2015
6%
7/30/2015
Health Care Eq & Svc
-45.00% 6/29/2015
9%
-35.00%
5/31/2015
Real Estate
Food & Beverages 16%
-25.00%
5/3/2015
3%
-15.00%
Telecommunication Services Retailin g
7%
11%
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
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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