Nile Africa, Frontier and Emerging A
Name
As ofPrice
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
N/A
1 yr return
-18.0%
3 Yr Avg Return
7.0%
5 Yr Avg Return
-4.3%
Net Assets
$10.1 M
Holdings in Top 10
69.4%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 3.00%
SALES FEES
Front Load 5.75%
Deferred Load N/A
TRADING FEES
Turnover 87.00%
Redemption Fee 2.00%
Min Investment
Standard (Taxable)
$1,000
IRA
$1,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As ofPrice
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
NAFAX - Profile
Distributions
- YTD Total Return N/A
- 3 Yr Annualized Total Return 4.9%
- 5 Yr Annualized Total Return -5.4%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.73%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annually
Fund Details
-
Legal NameNile Africa, Frontier and Emerging Fund
-
Fund Family NameNile Capital Investment Trust
-
Inception DateApr 28, 2010
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerLarry Seruma
Fund Description
NAFAX - Performance
Return Ranking - Trailing
Period | NAFAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | N/A | 3.9% | 3.9% | N/A |
1 Yr | -18.0% | -7.9% | -7.9% | N/A |
3 Yr | 7.0%* | 2.6% | 2.6% | N/A |
5 Yr | -4.3%* | -4.1% | -4.1% | N/A |
10 Yr | N/A* | N/A | N/A | N/A |
* Annualized
Return Ranking - Calendar
Period | NAFAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | N/A | -23.4% | -23.4% | N/A |
2022 | N/A | 32.7% | 32.7% | N/A |
2021 | N/A | 15.9% | 15.9% | N/A |
2020 | N/A | -27.4% | -27.4% | N/A |
2019 | N/A | -4.1% | -4.1% | N/A |
Total Return Ranking - Trailing
Period | NAFAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | N/A | 3.9% | 3.9% | N/A |
1 Yr | -22.7% | -7.9% | -7.9% | N/A |
3 Yr | 4.9%* | 3.0% | 3.0% | N/A |
5 Yr | -5.4%* | -3.8% | -3.8% | N/A |
10 Yr | N/A* | N/A | N/A | N/A |
* Annualized
Total Return Ranking - Calendar
Period | NAFAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | N/A | -23.4% | -23.4% | N/A |
2022 | N/A | 33.2% | 33.2% | N/A |
2021 | N/A | 16.7% | 16.7% | N/A |
2020 | N/A | -26.9% | -26.9% | N/A |
2019 | N/A | -4.1% | -4.1% | N/A |
NAFAX - Holdings
Concentration Analysis
NAFAX | Category Low | Category High | NAFAX % Rank | |
---|---|---|---|---|
Net Assets | 10.1 M | 2.84 M | 2.84 M | N/A |
Number of Holdings | 26 | 54 | 54 | N/A |
Net Assets in Top 10 | 6.87 M | 1.29 M | 1.29 M | N/A |
Weighting of Top 10 | 69.38% | 46.7% | 46.7% | N/A |
Top 10 Holdings
- Naspers Ltd Class N 17.70%
- Capitec Bank Holdings Ltd 10.70%
- Sanlam Ltd 9.30%
- Kenya Reinsurance Corp 6.33%
- Firstrand Ltd 4.86%
- Standard Bank Group Ltd 4.80%
- Discovery Ltd 4.72%
- PSG Group Ltd 4.38%
- Alviva Holdings Ltd 3.65%
- Financiere de l'Odet SA 2.93%
Asset Allocation
Weighting | Return Low | Return High | NAFAX % Rank | |
---|---|---|---|---|
Stocks | 81.06% | 98.22% | 98.22% | N/A |
Cash | 18.94% | 1.78% | 1.78% | N/A |
Preferred Stocks | 0.00% | 0.00% | 0.00% | N/A |
Other | 0.00% | 0.00% | 0.00% | N/A |
Convertible Bonds | 0.00% | 0.00% | 0.00% | N/A |
Bonds | 0.00% | 0.00% | 0.00% | N/A |
NAFAX - Expenses
Operational Fees
NAFAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 3.00% | 2.99% | 2.99% | N/A |
Management Fee | 1.50% | 0.75% | 0.75% | N/A |
12b-1 Fee | 0.25% | 0.25% | 0.25% | N/A |
Administrative Fee | 0.12% | N/A | N/A | N/A |
Sales Fees
NAFAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | 5.75% | N/A | N/A | N/A |
Deferred Load | N/A | N/A | N/A | N/A |
Trading Fees
NAFAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | 2.00% | 2.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
NAFAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 87.00% | 4.00% | 4.00% | N/A |
NAFAX - Distributions
Dividend Yield Analysis
NAFAX | Category Low | Category High | NAFAX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 0.00% | N/A |
Dividend Distribution Analysis
NAFAX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annually | Annually | Annually | Annually |
Net Income Ratio Analysis
NAFAX | Category Low | Category High | NAFAX % Rank | |
---|---|---|---|---|
Net Income Ratio | -0.73% | 0.47% | 0.47% | N/A |
Capital Gain Distribution Analysis
NAFAX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 13, 2013 | $0.402 | |
Dec 13, 2012 | $0.212 | |
Dec 15, 2011 | $0.056 |
NAFAX - Fund Manager Analysis
Managers
Larry Seruma
Start Date
Tenure
Tenure Rank
Apr 28, 2010
8.84
8.8%
Larry Seruma is the Managing Principal of Nile Capital Management LLC. Mr. Seruma has over 20 years of experience in portfolio management, investment research and quantitative investment strategies. In 2004, Mr. Seruma founded Nile Capital Management. In 2005, the Nile Fund was integrated into Proxima Alfa Investments (USA) LLC (formerly VegaPlus Capital Partners), a subsidiary of Banco Bilbao Vizcaya Argentaria, and Mr. Seruma was named one of the firm's Managing Directors. Currently, Nile Capital Management serves as the Advisor for the Nile Africa Funds, which seek opportunities for investment across the Africa continent. Prior to founding Nile Capital Management, Mr. Seruma was a Principal at Barclays Global Investors (BGI), a division of Barclays Capital. He was a member of the Active Strategies Group there and also a member of BGI Investment Process Committee. Early in his career, Mr. Seruma was an Options Market Maker in the Exchange pits at the Chicago Board of Options Exchange. Mr. Seruma has authored several articles on investments in Africa and other emerging/frontier markets, and has been featured in many leading financial publications. He received an MBA in Analytic Finance and Statistics from the Booth School of Business, The University of Chicago, in 1996.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
7.65 | 7.65 | 7.65 | 7.65 |