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Name

As of

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Nile Africa, Frontier and Emerging Fund

NAFAX |

-

$10.1 M

-

3.00%

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

N/A
N/A
N/A

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 of

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Nile Africa, Frontier and Emerging Fund

NAFAX |

-

$10.1 M

-

3.00%

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%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Nile Africa, Frontier and Emerging Fund
  • Fund Family Name
    Nile Capital Investment Trust
  • Inception Date
    Apr 28, 2010
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Larry 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

  1. Naspers Ltd Class N 17.70%
  2. Capitec Bank Holdings Ltd 10.70%
  3. Sanlam Ltd 9.30%
  4. Kenya Reinsurance Corp 6.33%
  5. Firstrand Ltd 4.86%
  6. Standard Bank Group Ltd 4.80%
  7. Discovery Ltd 4.72%
  8. PSG Group Ltd 4.38%
  9. Alviva Holdings Ltd 3.65%
  10. 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

View More +

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

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