Banque Misr Mutual Fund in Egyptian Pounds with a daily cumulative return (day by day)

General Data

Fund Category

Banque Misr Mutual Fund in Egyptian Pounds with a daily cumulative return (day by day)

Investment Objective

The Fund’s objective is to provide investors with daily liquidity through calculating a daily return of the invested money which is added daily to the customers account at the end of every day . Its objectives are achieved through diversifying its investments in secure high-yielding short-term interest-bearing instruments. It invests in short and medium term investments such as sovereign bonds, treasury Bills, notes, bonds and bank deposits, certificates of deposits, corporate bonds, and other EGP securities .

Distributions daily

Accumulated return

Inception Date

22 August 2004

Subscription & Redemption

Daily before 1 PM from any of BM branches with the same day price

NAV Publishing

On first day of business week at Alahram newspaper

Fund Manager

Custodian

Auditors

HazemHassan (KPMG)

Financial Data

Financial Data

Fund Size at Inception

L.E 200 Million

Seed Capital by Banque Misr

EGP 10 million

Initial NAV per Certificate

EGP 10

Minimum Subscription

EGP 10000

Fund manager fees

Management Fees

The investment manager shall be entitled to monthly fees amounting to %0.31 annually from net Fund assets, in return for managing the funds. Said commission shall be reserved daily and remunerated at the conclusion of each month; provided that the fees allocation is approved by the Fund's controllers in the periodic audit.

Performance Fees

none

Bank Fees

The founding entity shall be entitled to commissions – in return for the bank's rendering of services for both the Fund and the underwriters – amounting to %0.5 annually from net Fund assets. Said commission shall be reserved daily and remunerated at the conclusion of each month; provided that the fees allocation is approved by the Fund's controllers in the periodic audit.

Marketing fees

0.25% of NAV

Other fees

Subscription Fees

Individuals: LE 85Corporates: LE 485

Redemption Fees

0

Allocation

Allocation

Allocation of Cash %

Max allocation 60% of total assets

Allocation of Treasury Bills %

Max allocation75% oftotal assets except in case the return on treasury bills in more than the deposits return.

Allocation of Treasury Bonds %

40% oftotal assets

Allocation of Saving Certificates %

40% oftotal assets

Allocation of Corp. Bonds

30% of total assets( 20% max. for each ) with credit rating - BBB at least

Securities Per Issuer

max allocation: (10% of total assets) & ( 15% of Issue )

Funds Cert. Issued by other Banks

max allocation: (10% of total assets) & ( 5% of Issue )