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Banque Misr's third Mutual fund with cumulative return and periodic distribution

            

Banque Misr third Mutual fund with cumulative return and periodic distribution

General Data

General Data

Fund Name

Banque Misr third Mutual fund with cumulative return and periodic distribution

Fund Category

Equity fund with cumulitive return

Investment Objective

Maximization of capital gains and periodic returns to be distributed to holders of the Fund certificates issued by the Mutual Fund, through investing in a diversified portfolio of local and international securities of shares and bonds.

Dividends

Semi Annually

Inception Date

11 December 1997

Subscription & Redemption

on Wednesday by the end of day price of Thursday and the transactions are implemented on the first working day of each week.

NAV Publishing

On first day of business week at Al-Ahram newspaper

Fund Manager

CI Asset Management

Custodian

Arab African International Bank (AAIB)

Auditors

Khaled El Dahawy

Financial Data

Financial Data

Fund Size at Inception

EGP 100 million

Seed Capital by Banque Misr

EGP 10 million

Initial NAV per Certificate

EGP100

Minimum Subscription

1 Certificate

Fund manager fees

1- Management Fees

0.5 % annually from Net Asset Value ( NAV)

2- Performance Fees

7.5% of annually from Net profit above 91 day T-bills yield

Bank Fees

0.6% annually from Net Asset Value (NAV)

Subscription Fees

none

Redemption Fees

1% of the redeemed amount

Assets Allocation

Assets Allocation

Allocation Equities %

Max. Allocation:(90% of total assets)

Allocation in fixed income %

Max. Allocation: (50% of total assets)

Securities per Issuer

Max. Allocation: (15% of total assets) & (20% of issue)

Securities per Sector

Max. Allocation: (30% of total assets)

Funds issued by other banks

Max. Allocation: (20% of total assets) exceeding ( 5% of the issue)

**The nominal value of the certificate became LE100 after a split of 10:1