ADCB MSCI UAE Index Fund

NAV 3.9846 AED

- 0.033

- 0.83%

23 May 2012

Performance Overview as of 23 May 2012

	Fund Return	MSCI UAE⁺
1 Month	- 4.84%	- 6.47%
3 Months	+ 0.38%	- 2.15%
YTD *	+ 12.57%	+ 10.09%
1 Year	- 7.77%	- 10.99%
3 Years	- 1.63%	+ 0.73%
5 Years	- 61.06%	- 59.79%
Since Inception	- 56.66%	- 55.95%

* Returns are from the beginning of the year until the respective 'As Of' Date

⁺ Benchmark Index

Ratio Analysis *

	Fund	MSCI UAE
Annualised Return It is a measure that converts rates of returns of any length into annual rates of returns	- 14.94%	- 14.82%
Annualised Standard Deviation It measures the volatility of the fund. The higher the percentage, the riskier is the fund	37.52%	37.03%
Beta It measures how a fund's share price moves in relation to a benchmark. The benchmark index has a beta of 1. A beta greater than 1 means the fund tends to rise and fall more than the index does. A beta less than one means the fund tends to be less volatile than the index	1.01
Alpha It is the excess return of the fund relative to the return of the benchmark index. Simply, it is the value that a portfolio manager adds to or subtracts from a fund's return. A positive alpha of 1.0 means the fund has outperformed its benchmark index by 1%. Correspondingly, a similar negative alpha would indicate an underperformance of 1%	0.00
Information Ratio This ratio is used to evaluate the returns a fund manager achieved in comparison to the benchmark, given the risk they take on	- 0.03
Sharpe Ratio This ratio measures the reward per unit of risk. The Sharpe ratio tells us whether the returns of a portfolio are due to smart investment decisions or a result of excess risk. This measurement is very useful because although one fund can reap higher returns than its peers, it is only a good investment if those higher returns do not come with too much additional risk. The higher the ratio the better is the fund	- 0.54	- 0.54
Based on Risk Free Rate of %
* Formulas are available in the Education Center

Fund Facts

Objective		To achieve returns which correspond closely to the total return of the MSCI UAE Index
Asset Type		Index
Geographic Focus		UAE
Currency		AED
Structure		Open - Ended
Inception Date		April 2007
Initial Target Size		50,000,000 AED
Fund Size 29Dec11		92,000,000 AED
NAV Frequency		Daily
Administrator		Abu Dhabi Commercial Bank
Fund Manager		Mark Friedenthal Abu Dhabi Commercial Bank
Domicile		UAE
Elligibility		Open to all investors excluding US investors
Zawya Code Zawya exclusive 7 digit code is used to locate a fund profile on the Funds Monitor through the search box		ADCMSUI.MF

Fees and Expenses

Min. Subscription
Dividend Policy
Administration Fee
Subscription Fee
Redemption Fee
Performance Fee
Custodian Fee
Management Fee

Charts

NAV CHART

PERFORMANCE CHART

NAV (AED) 23May12	3.9846
Change	0.033 ( 0.83%)
Previous Close 22May12	4.0178
12 Month High 16Jun11	4.4382
12 Month Low 16Jan12	3.3800

Investment Strategy

The fund's assets will be invested mainly in UAE listed securities as determined by the MSCI UAE Index. In order to minimize the tracking error relative to the performance of the index the fund may also invest in non-index securities.

Fund Material