Fixed Income Fund

Mashreq Mena Fixed Income Fund

Fund Objective

The Fund’s strategy is to generate a total return by identifying attractive fixed and floating rate income securities from the MENA region. For diversification, the Fund will selectively consider investments outside of the MENA region. The Fund is actively managed to align its strategy to changing macro and monetary trends.

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 23, 2020    
Benchmark Bloomberg EM USD Agg: MENA (Ticker I34747 )    
Registrar and Transfer Agent Apex Fund Services (Dubai) Ltd.    
Custodian First Abu Dhabi Bank PJSC    
Auditor Deloitte & Touche (M.E.)    
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 Class “MFI AA USD”, “MFI AA AED”, “MFI BA USD”,“MFI BA AED”, “MFI BI USD” and “MFI BI AED” Shares
Up to 2% in respect of Class “MFI CA USD” and "MFI 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 Class “MFI AA USD”, “MFI AA AED”, “MFI BA USD”, “MFI BA AED”, “MFI BI USD” and “MFI BI AED” Shares.
0% in respect of Class “MFI CA USD” and "MFI 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 AEDFXA03C174 Accumulation MAKAINC UH 100,000 1,000 - - 0.85% 0.00%
AA AED AEDFXA03C166 Accumulation - - - 350,000 5,000 0.85% 0.00%
BI USD AEDFXA03C216 Income MAMFIBU UH 100 100 - - 1.00% 0.50%
BI AED AEDFXA03C208 Income MAMFIBA UH - - 100 100 1.00% 0.50%
BA USD AEDFXA03C190 Accumulation - 100 100 - - 1.00% 0.50%
BA AED AEDFXA03C182 Accumulation - - - 100 100 1.00% 0.50%
CA USD AEDFXA03C224 Accumulation MAMFICA UH 100 100 - - 0.70% 0.00%
CA AED AEDFXA03C448 Accumulation - - - 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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