AZ OBLIGATIONS
Medium and long-term bond fund managed by CIH CAPITAL MANAGEMENT, benchmarked against MBI GLOBAL.
Managed by CIH Capital Management: see its asset manager page
AZ OBLIGATIONS vs MBI GLOBAL
Comparison at the same NAV date (weekly NAV convention for Moroccan funds).
| Period | Fund | Benchmark | Spread |
|---|---|---|---|
| 2026 (YTD) | −0.1% | +0.2% | −0.3 pts |
| 1 year | −4.7% | −0.1% | −4.6 pts |
| 3 years | +5.3% | +16.7% | −11.4 pts |
| 5 years | +5.3% | +13.8% | −8.5 pts |
As of September 11, 2026, AZ OBLIGATIONS posts −0.1% year to date, versus +0.2% for its benchmark MBI GLOBAL, an underperformance of 0.3 points. Over three years, the fund shows +5.3% versus +16.7% for the index. The fund represents 4 bps of the Moroccan fund market.
Net return of the fund
Based on the net asset value. As of September 11, 2026. Click a period to update the chart.
Where the fund is invested
Top positions as of March 31, 2026 (latest published inventory). The full 19-holding breakdown is for subscribers.
GICS sector classification, computed on the fund's latest published inventory.
AZ OBLIGATIONS fees
Management, subscription and redemption fees.
Volatility, Sharpe, drawdown
Risk metrics and tracking error vs the benchmark.
AZ OBLIGATIONS ranking
Fund's rank by performance: across the whole market, within its asset class, and among funds tracking the same benchmark.
AZ OBLIGATIONS's weight
Fund assets relative to total market assets.
Funds comparable to AZ OBLIGATIONS
Other Moroccan funds to explore, with their asset manager and assets under management.
Frequently asked questions about AZ OBLIGATIONS
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Data updated automatically · last update: September 11, 2026
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