Banque Misr First Mutual Fund - First Issue - Quarterly periodic income

General Information

Fund Name

Banque Misr First Mutual Fund – First Issue – Quarterly Income Distribution

Fund Type

Open-Ended Fund with Periodic Income Distribution

Fund Objective

The fund aims to invest in a diversified portfolio of securities, including stocks, government and non-government bonds listed on the stock exchange, bank deposits, treasury bills, and investment fund documents, to achieve and distribute the highest possible investment returns on a quarterly basis while preserving the fund’s assets and minimizing risks.

Distributions

Quarterly income distributions, subject to the investment manager's decision

Inception Date

February 1, 1995

Subscription & Redemption

Subscription: Daily until 12:00 PM from any Banque Misr branch, executed the next day at the closing price of the submission day

Redemption: Daily until 12:00 PM from any Banque Misr branch, executed within two business days at the closing price of the submission day.

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 300 million

Banque Misr Contribution at Launch

EGP 15 million (15,000 investment documents, non-redeemable until the end of the fund's term)

Document Offering Price

EGP 1,000 (adjusted to EGP 100 after a 10-to-1 split on November 23, 1997)

Minimum Investment

One document, with no maximum limit

Subscription Fees

None

Redemption Fees

0.75% (7.5 per 1,000 annually) of the redemption value (suspended until 30-06-2025)

Investment Manager Fees

ManagementFees

• Up to EGP 100 million: 3 per 1,000 annually
• Above EGP 100 million and up to EGP 200 million: 2.5 per 1,000 annually
• Above EGP 200 million: 2 per 1,000 annually

Performance Fee

10% annually of the net profits exceeding the return on 91-day treasury bills plus a 3% premium, distributed equally between the investment manager (5%) and Banque Misr (5%)

Bank Fees

1% annually of the fund's net assets

Administrative Services Fees

0.05 per 10,000 annually

Investment Strategy

Equities

30% to 70%

Fixed-Income Instruments

Up to 50%

Corporate Bonds

Up to 30%