Banque Misr Capital Guaranteed Fund (Sandouk El Umr)

Banque Misr Capital Guaranteed Fund (Sandouk El Omr)

General Data

General Data

Fund Name

Banque Misr Capital Guaranteed Fund (Sandouk El Omr)

Fund Category

Accumulated - Capital Guaranteed Fund

Investment Objective

Diversifiedinvestments through a carefully allocated mix of stocks, Bonds and Short term money market instruments. The Fund is Capital Guaranteed after 3 yrs.

Distributions

Accumulative Fund

Inception Date

2 October 2003

Subscription & Redemption

Subscription :Daily before 12:00 PM from any of BM branches / Redemption: Before 12:00 PM on first workingday of Business week from any of BM branches

NAV Publishing

On the first business day of the week in Al-Ahram Newspaper

Fund Manager

CI Asset Management

Custodian

Arab African International Bank (AAIB)

Auditors

Rashed & Badr Office PKF

Financial Data

Financial Data

Fund Size

EGP 200 million

Seed Capital by Banque Misr

EGP 12.5 million

Initial NAV per Certificate

EGP 100

Minimum Subscription

1 Certificate

Fund manager Fees

The fees are calculated according to the following segments:

1- Management Fees

LE 10 MM : 0.2% annually of Net Asset Value (NAV)
Above LE 10 MM : 0.6% annually of Net Asset Value (NAV)

2- Performance Fees

8%of annually from Net profit above 91 day T-bills yield +2% (in case of not issuing of 3m Treasury bills , they can be replaced by Banque Misr average return of 3 months deposits)

Bank Fees

0.8% annually from Net Asset Value ( NAV )

Subscription Fees

none

Redemption Fees

1-3 Yrs: .25 % / after 3 Yrs : Zero

Assets Allocation

Assets Allocation

Allocation Equities %

Max. Allocation: (30% of NAV)

Allocation Fixed Income %

Min. Allocation: ( 70% of NAV)

Securities Per Issuer

Max. Allocation: (10% of NAV) & (15% of issue)

Securities Per Sector

Max. Allocation: (30% of NAV)

International CD's

Max. Allocation: (20% of NAV)

Funds Issued by Other Banks

Max. Allocation: (10% of NAV) & (5% of issue)