MEFIC Local Equity Fund â September 2017
MEFIC Local Equity Fund – June 2017 Performance Review
Fund Background MEFIC Capital launched MEFIC Local Equity Fund on 4th May 2015. MEFIC Local Equity Fund is an open end Shariah compliant mutual fund which can invest in Saudi listed equities & IPOs.
The Saudi Stock Market Index (TASI) achieved positive returns of 8.07% to close by the end of June at 7,425.72. Average daily
turnover rose to 3.38 billion riyals, up 25 percent from the previous month's average. The main sectors that achieved positive performance were Food and Beverages (16.2%), Banks (12.9%) and Utilities (11.2%). On the other hand, the real estate funds sector and the media declined by (6.18%) and (3.6%), respectively. On the corporate level: Most of the large cap companies in the market topped the list during June, in line with the decision to add the Saudi market to MSCI's watch list.
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
Open End High MEFIC Capital BDO Dr.Mohammad Amri S&P Saudi Shariah Index TADAWUL Monday & Thursday Tuesday & Sunday SAR 12.8MN SAR 10,000 SAR 10,000 SAR 10,000 1.5% per annum 1.5% 1.5% per annum 1.0%(Redeem in a month)
Fund Allocation Consumer Services, 1.6 Cash, 0.3
Performance Performance Fund S&P Shariah Index
1M 7.1%
3M 4.5%
YTD 4.6%
1Y 14.2%
Since Inception -10.4%
6.9%
5.5%
4.0%
15.3%
-16.5%
TASI
8.1%
6.1%
3.0%
14.2%
-23.9%
Fund Performance Information Ratio Beta Alpha
0.34 0.71 6.09%
Fund Performance MEFIC Local Equity Fund return since inception 5.00% -5.00%
Food & Transportati Staples on, 2.5 Telecommun Retailing, 2.2 ication Services, 5.4
6/3/2017
5/3/2017
4/3/2017
3/3/2017 2/3/2017
1/3/2017
12/3/2016
11/3/2016
10/3/2016
MEFIC Local Equity Fund
9/3/2016
8/3/2016
7/3/2016
6/3/2016
5/3/2016
4/3/2016
3/3/2016
2/3/2016
1/3/2016
12/3/2015
11/3/2015
10/3/2015
9/3/2015
8/3/2015
Food & Beverages Insurance, , 9.3 11.8
-45.00% 7/3/2015
Health Care Eq & Svc, 8.3
-35.00% 6/3/2015
Banks, 19.2
-25.00%
5/3/2015
Materials, 28.2
Retailing, 5.5 Real Estate , 5.6
-15.00%
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 Capital launched MEFIC Local Equity Fund on 4th May 2015. MEFIC Local Equity Fund is an open end Shariah compliant mutual fund which can invest in Saudi listed equities & IPOs.
The Saudi Stock Market Index (TASI) achieved positive returns of 8.07% to close by the end of June at 7,425.72. Average daily
turnover rose to 3.38 billion riyals, up 25 percent from the previous month's average. The main sectors that achieved positive performance were Food and Beverages (16.2%), Banks (12.9%) and Utilities (11.2%). On the other hand, the real estate funds sector and the media declined by (6.18%) and (3.6%), respectively. On the corporate level: Most of the large cap companies in the market topped the list during June, in line with the decision to add the Saudi market to MSCI's watch list.
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
Open End High MEFIC Capital BDO Dr.Mohammad Amri S&P Saudi Shariah Index TADAWUL Monday & Thursday Tuesday & Sunday SAR 12.8MN SAR 10,000 SAR 10,000 SAR 10,000 1.5% per annum 1.5% 1.5% per annum 1.0%(Redeem in a month)
Fund Allocation Consumer Services, 1.6 Cash, 0.3
Performance Performance Fund S&P Shariah Index
1M 7.1%
3M 4.5%
YTD 4.6%
1Y 14.2%
Since Inception -10.4%
6.9%
5.5%
4.0%
15.3%
-16.5%
TASI
8.1%
6.1%
3.0%
14.2%
-23.9%
Fund Performance Information Ratio Beta Alpha
0.34 0.71 6.09%
Fund Performance MEFIC Local Equity Fund return since inception 5.00% -5.00%
Food & Transportati Staples on, 2.5 Telecommun Retailing, 2.2 ication Services, 5.4
6/3/2017
5/3/2017
4/3/2017
3/3/2017 2/3/2017
1/3/2017
12/3/2016
11/3/2016
10/3/2016
MEFIC Local Equity Fund
9/3/2016
8/3/2016
7/3/2016
6/3/2016
5/3/2016
4/3/2016
3/3/2016
2/3/2016
1/3/2016
12/3/2015
11/3/2015
10/3/2015
9/3/2015
8/3/2015
Food & Beverages Insurance, , 9.3 11.8
-45.00% 7/3/2015
Health Care Eq & Svc, 8.3
-35.00% 6/3/2015
Banks, 19.2
-25.00%
5/3/2015
Materials, 28.2
Retailing, 5.5 Real Estate , 5.6
-15.00%
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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