Mashreq Global Conservative Fund
Fund Details
| Investment Objective | The Mashreq Global Conservative Fund is a "Fund of Funds" (as defined in the CIR) and as such the investment objective of the Mashreq Global Conservative Fund is to deliver moderate levels of income by investing in a broad range of globally diversified investment funds (“Underlying Fund(s)”), the majority of which will be yield-generating. The Underlying Funds will primarily invest in the asset classes of fixed income and alternative strategies (as described below) and will be geographically diversified. The Mashreq Global Conservative Fund does not have a benchmark, but has an annual absolute return target of 4% net of fees. |
| Fund and Investment Manager | Mashreq Capital (DIFC) Ltd. |
| Fund Type | Open Ended Fund |
| Domicile | DIFC, Dubai |
| Regulator of Fund Manager | Dubai Financial Services Authority (DFSA) |
| Currency | USD |
| Minimum Subscription | The minimum initial and subsequent subscription amount that any one person can hold is one US dollar. |
| Administrator and Registrar | Apex Fund Services (Dubai) Ltd |
| Custodian | First Abu Dhabi Bank PJSC |
| Auditor | Deloitte & Touche (ME) |
| Valuation | Each Business Day |
| Subscription and Redemption | Each Business Day |
| Notice Periods | 2 business days |
| Subscription Fee | Up to 5% |
| Redemption Fee | Up to 2% |
| Management Fee | 0.20% per annum of the Net Asset Value per Share Class in respect of the Class “GC A” Shares
1.20% per annum of the Net Asset Value per Share Class in respect of the Class "GC B" Shares 0.5% per annum of the Net Asset Value per Share Class in respect of the Class "GC I" Shares |
| Distribution Fee | 0% in respect of Class “GC A” and “GC B” Shares
0.5% in respect of Class “GC I” Shares |
| Performance Fee | No performance fee will be payable |
| Bloomberg Ticker | MASGCIA UH in respect of Class 'GC A' Shares
MASGCIB UH in respect of Class 'GC B' Shares MAMGCGI UH UH in respect of Class ‘GC I’ Shares |
| ISIN | AEDFXA3CN000 in respect of Class 'GC A' Shares
AEDFXA3CI000 in respect of Class 'GC B' Shares AEDFXA03C240 in respect of Class ‘GC I’ Shares |