FCP CAPITAL OBLIGATIONS

Medium and long-term bond fund managed by BMCE CAPITAL GESTION, benchmarked against MBI GLOBAL.

Classification

Medium and long-term bond

AuM

4.1 bn MAD

Holdings

Fund vs its benchmark

FCP CAPITAL OBLIGATIONS vs MBI GLOBAL

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

Period	Fund	Benchmark	Spread
2026 (YTD)	−0.2%	+0.1%	−0.3 pts
1 year	0.0%	+0.3%	−0.3 pts
3 years	+19.5%	+17.4%	+2.1 pts
5 years	+13.6%	+13.9%	−0.3 pts

As of July 10, 2026, FCP CAPITAL OBLIGATIONS posts −0.2% year to date, versus +0.1% for its benchmark MBI GLOBAL, an underperformance of 0.3 points. Over three years, the fund shows +19.5% versus +17.4% for the index. The fund represents 49 bps of the Moroccan fund market.

Performance

Net return of the fund

Based on the net asset value. As of July 10, 2026. Click a period to update the chart.

from Dec 26, 2025 to Jul 14, 2026

Net asset value trend

Composition

Where the fund is invested

Top positions as of December 31, 2025 (latest published inventory). The full 38-holding breakdown is for subscribers.

Top 5 holdings

BDT 10Y @4.20% - 2033

9.6%

BDT 20Y @4.60% - 2044

6.5%

BDT 5Y @3.50% - 2029

6.3%

BDT 15Y @4.00% - 2030

5.9%

BDT 10Y @4.30% - 2034

4.8%

Full inventory for subscribers

Top 5 sectors

Government

95.9%

Industrials

3.1%

Cash & Equivalents

1.1%

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

Fees

FCP CAPITAL OBLIGATIONS fees

Management, subscription and redemption fees.

••

••••

••

••••

••

••••

For subscribers

See plans

Risk analysis

Volatility, Sharpe, drawdown

Risk metrics and tracking error vs the benchmark.

••

••••

••

••••

••

••••

••

••••

••

••••

••

••••

For subscribers

See plans

Ranking

FCP CAPITAL OBLIGATIONS ranking

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

Overall ranking

#••

Medium and long-term bond class ranking

#••

vs benchmark ranking

#••

For subscribers

See plans

Market share

FCP CAPITAL OBLIGATIONS's weight

Fund assets relative to total market assets.

Total fund market

49 bps

0.5% of the fund market

Medium and long-term bond class

1.2%

i.e. 116 bps of the medium and long-term bond class

Similar funds

Funds comparable to FCP CAPITAL OBLIGATIONS

Other Moroccan funds to explore, with their asset manager and assets under management.

AL Ijtimai InmaaWafa Gestion · Medium and long-term bond5.2 bn MAD AL Ijtimai PatrimoineValoris Management · Medium and long-term bond5.0 bn MAD CDG Bonds DynamiqueCDG Capital Gestion · Medium and long-term bond4.1 bn MAD FCP AL Ijtimai SolidariteCFG Gestion · Medium and long-term bond3.8 bn MAD Maroc OpportuniteSaham Capital Gestion · Medium and long-term bond3.6 bn MAD AD Compact ObligataireAD Capital Asset Management · Medium and long-term bond3.3 bn MAD

FAQ

Frequently asked questions about FCP CAPITAL OBLIGATIONS

What is the benchmark index of FCP CAPITAL OBLIGATIONS?

The benchmark index of FCP CAPITAL OBLIGATIONS is the MBI GLOBAL.

What is the performance of FCP CAPITAL OBLIGATIONS in 2026?

As of July 10, 2026, FCP CAPITAL OBLIGATIONS is showing a −0.2% performance since the start of 2026.

Who manages FCP CAPITAL OBLIGATIONS?

FCP CAPITAL OBLIGATIONS is a fund in the Medium and long-term bond category, managed by BMCE CAPITAL GESTION.

What are the fees of FCP CAPITAL OBLIGATIONS?

Management, subscription and redemption fees for FCP CAPITAL OBLIGATIONS are detailed in the Yuna subscriber area.

Data updated automatically · last update: July 10, 2026

Compare FCP CAPITAL OBLIGATIONS to 600+ Moroccan funds

Fees, history, full holdings, alerts and comparator, with a Yuna subscription.

See plans