Emerging Market Funds

Mashreq Global Emerging Market Bond Fund

Fund Objective

The Investment Objective of the Mashreq Global Emerging Markets Bond Fund is to maximize total return through a combination of income generation and capital appreciation by investing in a portfolio of US dollar-denominated fixed and floating rate income securities issued by sovereign, quasi-sovereign, and corporate issuers from global emerging markets.

Fund Details

Fund  Manager Mashreq Capital (DIFC) Limited    
Fund Type Open Ended Fund    
Domicile DIFC, Dubai    
Regulator The Dubai Financial Services Authority (DFSA)    
Currency USD    
Inception Date December 29,2021    
Benchmark Bloomberg EM USD Aggregate Total Return Index Value Unhedged (Ticker EMUSTRUU )    
Registrar and Transfer Agent Apex Fund Services (Dubai) Ltd.    
Custodian First Abu Dhabi Bank PJSC    
Auditor Deloitte LLP    
Valuation date The Valuation Date  will be the close of business (UAE time) at each Business Day.    
Dealing date (Subscription/Redemption) Each Business Day    
Notice Periods (Subscription/Redemption) At least two Business Days prior to the desired Subscription /Redemption Date    
Performance Fee NIL    
Subscription  Fee Up to 3% in respect of “MGEMB AA USD”, “MGEMB AA AED”, “MGEMB BA USD”, “MGEMB BA AED”, “MGEMB BI USD” and “MGEMB BI AED” Shares
Up to 2% in respect of “MGEMB CA USD” and “MGEMB CA AED” Shares
   
Redemption Fee Up to 3% within first 3 months; 2% within 3-6 months; 1% within 6-12 months in respect of “MGEMB AA USD”, “MGEMB AA AED”,“MGEMB BA USD”, “MGEMB BA AED”, “MGEMB BI USD” and “MGEMB BI AED” Shares
0% in respect of “MGEMB CA USD” and “MGEMB CA AED” Shares
   
   
Redemption  thresholds Minimum redemption amount  of USD 50 and AED 100    
Share
 Class
Currency ISIN Type Bloomberg Ticker *Minimum
Subscription
*Additional
Subscription
*Minimum
Subscription
*Additional
Subscription
Management Fee Distribution Fee
USD AED
AA USD AEDFXA03C265 Accumulation MGEMAAU UH 100,000 1,000 - - 0.70% 0.00%
AA AED AEDFXA03C273 Accumulation MGEMAAA UH - - 350,000 5,000 0.70% 0.00%
BI USD AEDFXA03C307 Income MGEMBIU UH 100 100 - - 1.00% 0.30%
BI AED AEDFXA03C315 Income MGEMBIA UH - - 100 100 1.00% 0.30%
BA USD AEDFXA03C281 Accumulation MGEMBAU UH 100 100 - - 1.00% 0.30%
BA AED AEDFXA03C299 Accumulation MGEMBAD UH - - 100 100 1.00% 0.30%
CA USD AEDFXA03C323 Accumulation MGEMCAU UH 100 100 - - 0.70% 0.00%
CA AED AEDFXA03C331 Accumulation MGEMCAA UH - - 100 100 0.70% 0.00%
Note *Kindly be advised that effective from 1st January 2018, all of the above mentioned fees and charges will be subject to an additional 5% Value Added Tax.
*Please be informed that our business days are Monday to Friday unless the UAE Ministry of Labour or the DIFC Authority announce that such a day will be a holiday in the DIFC and, in relation to a particular Sub-Fund, such other place or places as may be specified in the relevant Annexure

 

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