CI Asset Fund with Cumulative Daily Yield - Misr Daily

General Information

Fund Name

CI Asset mutual Fund with Cumulative Daily Yield (Misr Daily)

Fund Type

Open-Ended Investment Fund

Fund Objective

The fund aims to provide a short-term savings and investment vehicle, maximizing returns on invested funds through a balanced asset allocation strategy. The fund does not invest in equities but allocates its investments to short-term financial instruments such as treasury bills, bank deposits, and similar instruments.

Distributions

The fund operates on a cumulative yield basis and does not distribute profits. Returns are reinvested into the fund’s net asset value (NAV).

Subscription & Redemption

Subscription: Daily, until 12:00 PM.

Redemption: Daily, until 12:00 PM.

NAV Publication

Published weekly on Sundays in Al-Mal newspaper and updated daily on the bank’s website.

Fund Manager

CI Asset Management Company (LLC)

Custodian

Banque du Caire

Auditor

Mohamed Mohamed Ismail Accounting Office

Financial Information

Fund Size at Inception

EGP 100 million

Subscription Fee

None

Redemption Fee

None

Fund Management Fees

Investment Manager Fees

0.4% annually of the fund's net asset value.

Management Fees

0.025% annually of the fund's net asset value.

Bank Fees

0.45% annually of the fund's net asset value.

Additional fees are detailed in the subscription prospectus.