Banque Misr's third Mutual fund with cumulative return and periodic distribution Click Here For More Info

General Information

Fund Name

Banque Misr Third Mutual Fund with Accumulated Return and Periodic Distribution

Fund Type

Open-Ended Fund with Accumulated Return

Fund Objective

To maximize capital gains and periodic returns for distribution to the fund's document holders by investing in a diversified portfolio of local securities, including stocks and bonds.

Distributions

Semi-annually, as decided by the investment manager

Inception Date

December 11, 1997

Subscription & Redemption

Subscription: Daily during official working hours, requests must be submitted by 12:00 PM and executed the next day at the closing price of the submission day.

Redemption: Requests are accepted throughout the week until the penultimate business day during official working hours, executed on the first business day of the following week.

NAV Publishing

• Published every Sunday in Al-Ahram newspaper.
• Published daily on the bank's website.

Fund Manager

CI Asset Management

Custodian

Arab African International Bank (AAIB)

Auditors

Khaled El Dahawy

Financial Information

Fund Size at Launch

EGP 100 million

Banque Misr Contribution at Launch

EGP 10 million

Document Offering Price

EGP 1,000 (adjusted to EGP 100 after a 10-to-1 split).

Minimum Investment

One document

Subscription Fees

None

Redemption Fees

1% of the redemption value (suspended until 31-12-2026)

Investment Manager Fees

Management Fees

0.5% (5 per 1,000) annually of the fund’s net assets

Performance Fee

15% annually of the net profits exceeding the returns on treasury bills with a 91-day maturity (7.5% to the investment manager and 7.5% to Banque Misr as the founding entity)

Bank Fees

0.6% (6 per 1,000) annually of the fund’s net assets

Administrative Services Fees

0.05 per 10,000 annually

Investment Strategy

Equities

30% to 95%

Fixed-Income Instruments

Maximum 50%