Attijari Valeurs SICAV

NAV 161.1000 TND

- 0.020

- 0.01%

25 May 2012

Performance Overview as of 25 May 2012

	Fund Return	Tunis SE⁺
1 Month	+ 2.16%	+ 0.46%
3 Months	+ 9.59%	+ 8.34%
YTD *	+ 10.55%	+ 8.40%
1 Year	+ 20.18%	+ 23.58%
3 Years	+ 45.68%	+ 51.86%
5 Years	+ 104.57%	+ 98.80%
Since Inception	+ 125.83%	+ 81.12%

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

⁺ Benchmark Index

Ratio Analysis *

	Fund	Tunis SE
Annualised Return It is a measure that converts rates of returns of any length into annual rates of returns	+ 6.22%	N/A
Annualised Standard Deviation It measures the volatility of the fund. The higher the percentage, the riskier is the fund	12.52%	N/A
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	N/A
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%	N/A
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	N/A
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	0.06	N/A
Based on Risk Free Rate of %
* Formulas are available in the Education Center

Fund Facts

Objective		To achieve high returns
Asset Type		Balanced
Geographic Focus		Tunisia
Currency		TND
Structure		Open - Ended
Inception Date		March 1994
Initial Target Size		500,000 TND
Fund Size 31Dec11		8,542,000 TND
NAV Frequency		Daily
Administrator		Attijari Gestion
Fund Manager		Leila Ben Khemis Belhedi Attijari Gestion
Domicile		Tunisia
Elligibility		Open to all investors
Zawya Code Zawya exclusive 7 digit code is used to locate a fund profile on the Funds Monitor through the search box		ATTVALE.MF

Fees and Expenses

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

Rankings
Provider	Rank	Report	Category	Date
Zawya			Tunisia Balanced	30Jun11

Charts

NAV CHART

PERFORMANCE CHART

NAV (TND) 25May12	161.1000
Change	0.020 ( 0.01%)
Previous Close 24May12	161.1200
12 Month High 24May12	161.1200
12 Month Low 30May11	133.0970

Investment Strategy

The fund's assets will be invested mainly in Tunisian equities, bonds, and comparable treasury bonds (BTA). The fund shall also invest to a lesser extent in short term debt securities, cash and cash equivalents.

Fund Material