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 Fee
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
Share Class	Currency	ISIN	Type	Bloomberg Ticker	USD		AED		Management Fee	Distribution Fee
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