table 2 definition 31 advantages of funds 32 fund`s position in economy 33 fund`s characteristics 34...

Table

2

Definition 31

Advantages of Funds 32

Fund`s position in economy 33

Fund`s characteristics 34

Legal & supervision points 35

Statistical information 36

Pillar & Goal of AGFund 37

3

A mutual fund is a professionally managed type of collective investment scheme that pools money from many investors and invests it in stocks, bonds, short-term money market instruments, and/or other securities.

Definition

4

Benefits of AGfund

AdvantagesAdvantagesAdvantagesAdvantages

Professional Management

Diversification

Economy of scale

Liquidity

Transparency

Ease

Fund`s position in economy

Mutual Funds: Investing in America`s Mutual Funds: Investing in America`s FutureFuture

5

Fund`s characteristics

6

Fund`s Fund`s characteristcharacterist

icsics

Fund`s Fund`s characteristcharacterist

icsics

Legal Entity

Macro structure

Capital

Units

Methods of Investment

Legal Entity

7

Corporate(investment

company) Trust

AGFund is a TrustAGFund is a Trust

Pillar of AGfund

Manager

Manager

Guarantee

Guarantee

custodia

n

custodia

n

AuditorAuditor

convention

convention

RegisterRegister

Saman B.

Dash

Saman B.

Amin IB

Amin IB

Types of mutual funds

9

Capital:

a)close-end fundb)Trustc)Open-end fundd)ETF

(AGFund is open-end)

Funds

Goal:

a)Growthb)Valuec)Value & Growth

(AGFund is value & growth)

Instrument:

a)Money marketb)capital market

(AGFund is money & capital)

Types of Units

10

commoncommon Without voting Right

preferredpreferred With voting Right

Amin IB

Costs & fees

11

• Management fees• Non-management expenses

Lawmaker

12

• in article 1 of the Law governing the securities market • the Bill of capital market development

Supervision on AGfund

13

Internal Controls

14

custodianAuditorManager

Continuous supervision

15

Supervise on:

Logical Process

Web site

account

Portfolio

Units` Prices

calculation

Total net Asset

16

TOTAL NET ASSETS Millions $

2003 2004 2005 2006 2007

World 14,048,31116,164,7

9317,771,0

2721,823,4

5526,150,9

36

Americas 7,969,5418,792,45

09,763,92

111,485,0

1213,442,5

21

Europe 4,682,8365,640,45

06,002,26

17,803,90

68,934,86

4 Asia and

Pacific 1,361,4731,677,88

71,939,25

12,456,51

13,678,33

0 Africa 34,460 54,006 65,594 78,026 95,221

Number of mutual fund

17

Number of Mutual Funds2003 2004 2005 2006 2007

World 54,569 55,524 56,868 61,855 66,350

Americas 13,921 14,064 13,764 14,475 15,462

Europe 28,858 28,541 29,306 30,060 33,151 Asia and

Pacific 10,794 11,641 11,617 12,427 13,479

Africa 460 466 537 617 750

Net Sales

18

Net SalesMillions $

2003 2004 2005 2006 2007

World 317,403 457,294 970,813 1,299,474 1,553,627

Americas 65,634 167,596 425,914 727,539 1,223,308

Europe 258,500 235,145 459,786 427,524 102,780 Asia and

Pacific -12,036 48,005 76,016 135,467 217,847

Africa 5,304 6,549 9,097 8,944 9,692

Net Asset

19

Manager & Guarantee: Amin Investment Bank

20

AIB is the first IB in Iran and accounts as pioneer in this industry in financial system of Iran.

Services:

Financing & underwriting Financial counseling and valuation Asset management and investment engineering and construction

21

Manager & Guarantee: Amin Investment Bank

22

Manager & Guarantee: Amin Investment Bank

Name PercentageBank Mellat 10%

Behsaz Mosharekathaye Mellat Co 4%Social Security Investment Co 14%Civil Servants Pension Fund 14%Rural Social Insurance fund 14%Bank melli Investment Co 10%

Tose'e melli Co 4%Omid investment Co 14%Tadbir investment Co 14%

Custodian & register: Saman Bank

23

Saman initially started its activities as Credit Institution in September 1999. Subsequently, in

August 2002, it received a full banking license and changed its name to Saman Bank.

In 2002 Saman was the third private financial institution in post-revolutionary Iran to receive a banking license. In this context, the share capital

increased to Rials 220 bln (US$ 26 mln).In March 2007, Saman Bank had a paid-sup

share capital of Rials 900 bln (US$ 97 mln). It operates 54 branches including 15 branches in

Tehran and 39 branches across Iran.

Auditor: DASH

24

DASH as an auditing & management consultants Firm, has been handling a broad spectrum of

areas including:• Auditing

• design, implementation and computerization of commercial and cost accounting system• project appraisal and financial analysis

• accounting and financial services.

Asset of AGfund

25

Assets:1.Stocks and rights which are listing at TSE.2.Bonds, Sukuk and mortgage backed

securities.3.Certified Deposits (CDs) which are released

by banks and credits and financial institutions.

4.Any kinds of deposits in banks and credits and financial institutions which got permission from central bank.