| 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 & 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 “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 |
| Investment Manager | Mashreq Capital (DIFC) Limited |
| Fund Type | Open ended fund |
| Domicile | DIFC, Dubai |
| Regulator of Fund Manager | Dubai Financial Services Authority (DFSA) |
| Currency | USD |
| Minimum Subscription | The minimum initial subscription and holding amount is:
|
| Administrator and Registrar | Apex Fund Services (Dubai) Ltd. |
| Custodian | First Abu Dhabi Bank PJSC |
| Auditor | Deloitte & Touche (ME) |
| Valuation Day | Each Business Day |
| Dealing Day (Subscription/Redemption) | Each Business Day |
| Notice Periods | 2 Business Days |
| 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 |
| Distribution Fee | 0% in respect of Class “MGEMB AA USD”, “MGEMB AA AED”, “MGEMB CA USD” and “MGEMB CA AED” Shares 0.3% in respect of Class “MGEMB BA USD”, “MGEMB BA AED”, “MGEMB BI USD” and “MGEMB BI AED” Shares |
| Management Fee | 0.70% p.a. in respect of Class “MGEMB AA USD”, “MGEMB AA AED”, “MGEMB CA USD” and “MGEMB CA AED” Shares 1.00% p.a. in respect of “MGEMB BA USD”, “MGEMB BA AED”, “MGEMB BI USD” and “MGEMB BI AED” Shares |
| Performance Fee | 0% |
| Bloomberg Tickers | AA USD shares - MGEMAAU UH BA AED Shares - MGEMBAD UH BA USD Shares - MGEMBAU UH BI AED Shares - MGEMBIA UH BI USD Shares - MGEMBIU UH |
| ISIN | AEDFXA03C273 in respect of Class “MGEMB AA AED” Shares AEDFXA03C265 in respect of Class “MGEMB AA USD” Shares AEDFXA03C299 in respect of Class “MGEMB BA AED” Shares AEDFXA03C281 in respect of Class “MGEMB BA USD” Shares AEDFXA03C315 in respect of Class “MGEMB BI AED” Shares AEDFXA03C307 in respect of Class “MGEMB BI USD” Shares AEDFXA03C331 in respect of Class “MGEMB CA AED” Shares AEDFXA03C323 in respect of Class “MGEMB CA USD” Shares |
Our range of funds provides our investors with exposure to equity and debt in the MENA region and Emerging markets.
Tailored investment solutions based on our investors specific objectives including asset class, income, time horizons, and risk tolerances.
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