FCP ALIF II

Medium and long-term bond fund managed by WAFA GESTION, benchmarked against 50% MBI MLT + 50% MBI MT.

Managed by Wafa Gestion: see its asset manager page

Classification
Medium and long-term bond
AuM
3.1 bn MAD
Holdings
44
Fund vs its benchmark

FCP ALIF II vs 50% MBI MLT + 50% MBI MT

Comparison at the same NAV date (weekly NAV convention for Moroccan funds).

PeriodFundBenchmarkSpread
2026 (YTD)+0.4%+0.9%−0.5 pts
1 year+0.4%+0.7%−0.3 pts
3 years+17.6%+14.4%+3.2 pts
5 years+18.8%+12.9%+5.9 pts

As of September 11, 2026, FCP ALIF II posts +0.4% year to date, versus +0.9% for its benchmark 50% MBI MLT + 50% MBI MT, an underperformance of 0.5 points. Over three years, the fund shows +17.6% versus +14.4% for the index. The fund represents 37 bps of the Moroccan fund market.

Performance

Net return of the fund

Based on the net asset value. As of September 11, 2026. Click a period to update the chart.

from Dec 26, 2025 to Sep 14, 2026
Net asset value trend
Composition

Where the fund is invested

Top positions as of June 30, 2026 (latest published inventory). The full 44-holding breakdown is for subscribers.

Top 3 holdings
BDT 20Y @5.65% - 2035
9.2%
BDT 10Y @4.00% - 2034
8.5%
BDT 10Y @3.55% - 2035
7.1%
Full inventory for subscribers
Top 3 sectors
Government
92.1%
Cash & Equivalents
3.2%
Financials
2.1%
More sectors for subscribers

GICS sector classification, computed on the fund's latest published inventory.

Fees

FCP ALIF II fees

Management, subscription and redemption fees.

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For subscribers
See plans
Risk analysis

Volatility, Sharpe, drawdown

Risk metrics and tracking error vs the benchmark.

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For subscribers
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Ranking

FCP ALIF II ranking

Fund's rank by performance: across the whole market, within its asset class, and among funds tracking the same benchmark.

Overall ranking
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Medium and long-term bond class ranking
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vs benchmark ranking
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For subscribers
See plans
Market share

FCP ALIF II's weight

Fund assets relative to total market assets.

Total fund market
37 bps
0.4% of the fund market
Medium and long-term bond class
88 bps
0.9% of the medium and long-term bond class
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FAQ

Frequently asked questions about FCP ALIF II

What is the net asset value (NAV) of FCP ALIF II?
As of September 14, 2026, the net asset value of FCP ALIF II stands at 1,846 MAD.
What is the performance of FCP ALIF II in 2026?
As of September 11, 2026, FCP ALIF II is showing a +0.4% performance since the start of 2026.
What is the benchmark index of FCP ALIF II?
The benchmark index of FCP ALIF II is the 50% MBI MLT + 50% MBI MT.
How much does FCP ALIF II have under management?
As of September 11, 2026, FCP ALIF II holds 3.1 bn MAD in assets under management, or 37 bps of the Moroccan mutual fund (OPCVM) market.
What does FCP ALIF II invest in?
As of June 30, 2026, the portfolio of FCP ALIF II holds 44 lines. Its three largest positions are BDT 20Y @5.65% - 2035 (9.2%), BDT 10Y @4.00% - 2034 (8.5%) and BDT 10Y @3.55% - 2035 (7.1%).
Who manages FCP ALIF II?
FCP ALIF II is a fund in the medium and long-term bond (OMLT) category, managed by WAFA GESTION.
What are the fees of FCP ALIF II?
Management, subscription and redemption fees for FCP ALIF II are detailed in the Yuna subscriber area.
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Data updated automatically · last update: September 11, 2026

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