| Fund Term Sheet |
| |
|
Fund Type
|
Open-ended Fund |
Currency denomination
|
Egyptian Pound |
Investment Objective
|
Long term capital appreciation through adopting an active management style with an extensive use of technical analysis; after passing through selected fundamental filters |
Investment Universe
|
Shares listed and traded on the Egyptian Stock Exchange (EGX) and GDR’s of those companies listed on international exchanges in addition to fixed income instruments |
Benchmark
|
Absolute return |
Subscriptions & redemptions
|
Weekly |
Fund Jurisdiction
|
Egypt |
Minimum Initial Subscription
|
Value of 500 investments certificates with no minimum thereafter |
Maximum Subscription
|
No maximum is applied on subscriptions |
Financial Year
|
31st of December |
| |
|
| Fund Structure |
Sponsor
|
Beltone Fund Company |
Investment Manager
|
Beltone Asset Management |
Custodian
|
Banque Misr |
Administration Company
|
Electronic Fund Administration Company |
Auditors
|
Deloitte/Grant Thornton |
Legal Counselor
|
Zaki Hashim & Partner Law Firm |
Receiving Bank
|
Banque Misr |
| Marketing Agents |
Banque Misr
The Fund retains the right to appoint a marketing agency to market its investment certificates |
| |
| Fund Fees |
Sponsor Fees
|
0.80% of NAV accrued daily and paid monthly |
Investment Management Fees
|
0.80% of NAV accrued daily and paid monthly with a performance fee of
15% of return in excess of 10% reset yearly |
Custody Fees
|
0.1% of local Asset under Custody |
Administration Fees
|
0.05% of NAV accrued daily and paid monthly |
Auditing Fees
|
EGP-85,000 |
Legal Fees
|
EGP-30,000 |
Receiving Bank Fees
|
EGP-100,000 with a
Variable Fee: 0.1% of NAV accrued daily and paid monthly |
| Marketing Agents Fees |
0.25% of Subscription value accrued daily and paid monthly |
| |
| Investment Guidelines |
| General Investment Guidelines |
|
Law-specific Investment Guidelines |
Egypt Equity
|
Up to 90% of NAV |
|
Other Mutual Funds
|
Up to 20% of NAV per fund |
Fixed Income
|
Up to 100% of NAV |
|
Per stock exposure
|
Up to 10% of NAV |
Money Market Instruments
|
Up to 50% of NAV |
|
Related group
|
Up to 20% of NAV |
| Per Sector Exposure |
Up to 25% of Equity Exposure |
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