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Alico Fund of Funds Equity

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					                                                                                     Alico Fund of Funds Equity

Licence:                               157/6/23.12.1999 - Gazette:
                                       9/Β/13.01.2000 &                             Investment Scope                                                                                              Largest Portfolio Holdings
                                       16/860/31.10.2008                                                                                                                                          Security Type               Security                   % of Portfolio
                                                                                  The policy objective is to provide capital appreciation and dividend income by
                                                                                  investing primarily in global equity funds. Investments are UCIT III compliant funds at                         Funds                       BLACKROCK GLOBAL FUNDS -         17.86%
Fund Type:                             Equity Fund of Funds
                                                                                  a minimum of 70%.                                                                                                                           GLOBA
                                                                                                                                                                                                  Funds                       JPMORGAN FUNDS -                 11.29%
Bloomberg Ticker:                      ALFOFEQ GA                                                                                                                                                                             AMERICA LARGE
                                                                                    Investor Profile                                                                                              Funds                       BLACKROCK GLOBAL FUNDS -         9.58%
Lipper Ticker:                         68057638
                                                                                                                                                                                                                              EUROP
Inception Date:                        12/13/2006                                 This fund is targeted to investors who wish to widely diversify                         georgaphically   and    Funds                       BLACKROCK GLOBAL FUNDS -         7.74%
                                                                                  sectorally their portfolio in global equities through internationally renowned funds.                                                       WORLD
Minimum Subscription:                  €500
                                                                                                                                                                                                  Funds                       FRANKLIN TEMPLETON               7.70%
Custodian:                             EFG Eurobank Ergasias S.A.                                                                                                                                                             INVESTMENT
                                                                                    Fund/Market Commentary
Management Co:                         MetLife Alico MFC                                                                                                                                          Funds                       JPMORGAN FUNDS - EUROPE          6.77%
                                                                                                                                                                                                                              STRATE
Benchmark:                             MSCI World Equity Index
                                                                                  During the 2nd quarter of 2011 equities retreated from their highs and the MSCI                                 Funds                       FRANKLIN TEMPLETON               6.46%
                                       (MXWO) in Euros
                                                                                  World Index (in euro) recorded losses of 2.48%. Defensive sectors outperformed                                                              INVESTMENT
                                                                                  while cyclicals and emerging markets were under severe pressure.         A never-ending                         Funds                       FRANKLIN TEMPLETON               4.79%
Investment                                                                        European sovereign crisis, the macroeconomic deterioration in both developed and                                                            INVESTMENT
Risk:                                                                      5 /5   emerging markets and finally the anticipated end to the second round of quantitative                            Funds                       ALICO GREEK EQUITY FUND          4.69%
                                                                                  easing,    were    the    most significant factors behind the risk-off environment that
                                                                                  prevailed during the quarter.                                                                                   ETF                         MORGAN STANLEY CHINA A           4.61%
             Fund Price Graph (since 6/30/2010)                                                                                                                                                                               SHARE F
                                                                                  The    benchmark  recorded   losses    of  4.02%   during   the   quarter  and   the  fund
                                                                                  underperformed with losses of 4.26%. By the end of the quarter the fund was
    3,8
                                                                                  invested by 98% in equity funds. We retain our cautious stance on equities and we
                                                                                  believe that the elevated volatility of the first quarter will prevail for the rest of the                       Portfolio Allocation per Asset Class
    3,7
                                                                                  year.

    3,6
                                                                                                                                                                                                   ETF
    3,5
                                                                                                                                                                                                 Deposits
    3,4                                                                                                                                                                                                                  5%
                                                                                                                                                                                                                    2%
    3,3

    3,2

    3,1
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                                                                                                                                                                                                                                               93%
                        Fund data as of 6/30/2011
                                                                                                                                                                                                                                                                  Funds

             Total Assets:                            12,278,943.95
             Units:                                    3,493,829.12
             Net Asset Value:                                 3.5145
             Purchase Price:                                  3.6902                                                                                 MUTUAL FUNDS DO NOT HAVE A GUARANTEED RETURN AND PREVIOUS PERFORMANCE
             Redemption Price:                                3.4794                                                                                                                 DOES NOT GUARANTEE FUTURE PERFORMANCE
Last Update: 6/30/2011                                                                                                                                                                                   MetLife Alico MFC / HCMC 98/3/4-2-92 (Gazette 246Β/8-4-92)
                                                                                              Alico Fund of Funds Equity


                   Fund Total Assets (since 6/30/2010)                                         Portfolio Characteristics                                                Portfolio Allocation per Currency


                                                                                              Fees and Expenses (12/2010)                                                                                                          EUR
          24M
                                                                                              Management Fee:                                               2.50%       DKK                                                        62%
                                                                                                                                                                         0%
          20M                                                                                 Custodial Fee:                                                0.12%
                                                                                                                                                                        CHF
                                                                                              Performance Characteristics                                                0%
          16M
                                                                                              Beta versus benchmark:                                        0.822
                                                                                              Alpha versus benchmark:                                     -0,058%
 EUR




          12M
                                                                                              R^2:                                                            0.81
              8M                                                                              Tracking error:                                                 0.07
                                                                                              Information ratio:                                             -0.85
              4M
                                                                                              Benchmark & Fund Sharpe ratio:                   1.05           0.67
              0M                                                                              2yr period on weekly data. Performance statistics of funds are burdened
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                                                                                              by fund expenses and taxation.                                                                                                       GBP
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                                                                                                                                                                        USD                                                        0%
                                                                                                                                                                        38%

                                Portfolio Market Risk                                          Performance History vs Benchmark Returns
   Value at Risk                                  Fund                      Benchmark                    Time Period               Net Fund           Benchmark
   (CI 99%)                                                                                                                         Return              Return
   2 Weeks                                       648.611,39                         696,636
                                                     -5.28%                          -5.67%      12/31/2010 - 06/30/2011               -4,26%             -4,02%
                                                                                                 06/30/2010 - 06/30/2011                7.57%              7.88%
   1 Week                                        469.249,09                         514,114      06/30/2008 - 06/30/2011              -13.07%              3.14%
                                                     -3.82%                          -4.19%

   1 Day                                         176.434,60                         195,538       12/13/2006 - 06/30/2011             -26,47%            -17,75%
                                                     -1.44%                          -1.59%


                   MetLife Alico M.F.C.
                   8, Xenofontos St, 105 57 Athens



 Tel: ++30 210 3712300
 Fax: ++30 210 3712 392
 Url: http://www.metlifealicomfunds.gr

  Sales Manager: Christina Katsili,
  sales@alicomfunds.gr


Last Update: 6/30/2011                                                                                                                                                        MetLife Alico MFC / HCMC 98/3/4-2-92 (Gazette 246Β/8-4-92)

				
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posted:9/18/2011
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