Makaseb Arab Tigers Fund (MATF)

Net Asset Value Per Share

Date Fund NAV Value (US$) Percentage change YTD return
18-Apr-17 MATF 11.44623 -0.24% 1.66%

Fund Details

Investment Objective Aims to achieve long-term capital appreciation by investing in the securities of blue chip companies listed on
the stock exchanges of the Middle East and North Africa (MENA) region. The primary equity markets
targeted by MATF include Saudi Arabia, UAE, Kuwait, Qatar, Egypt, Jordan, Morocco, Oman, Bahrain, Lebanon & Tunisia.
Benchmark S&P Pan Arab Composite Large Midcap Index (Bloomberg Ticker SPACPUX Index)
Investment Manager Mashreq Capital (DIFC) Limited
Fund Type Open ended fund
Domicile Bahrain
Currency USD
Minimum Subscription USD 1,000
Regulator Central Bank of Bahrain
Administrator and Registrar KeyPoint Consulting W.L.L, Bahrain
Custodian Citibank N.A., Bahrain
Auditor Deloitte & Touche, Bahrain
International Legal Counsel Herbert Smith Freehills LLP
Valuation Each Business Day
Subscription and Redemption Each Business Day
Notice Periods 2 business days
Subscription Fee Up to 5%
Redemption Fee 3% for redemption within first 3 months; 2% for redemption within 3-6 months; 1% for redemption between 6-12 months
Management Fee 2% p.a. of Net Asset Value
Performance Fee 10% of growth above a 10% “hurdle rate” per annum based on a “high-water mark.”
Bloomberg Ticker MAKATFD BI
Lipper ID 65038280
Reuters ID LP65038280