Equity Fund

Long term capital appreciation through investments made primarily in equities listed on the stock exchanges of MENA and emerging markets.

Fund Objective

The investment objective of the Mashreq MENA Equity Fund is quarterly income generation and capital growth through investments made primarily in equities listed on the stock exchanges of MENA and emerging markets. The underlying strategy has been run successfully for a discretionary mandate for 9 years.

Fund Details

Fund and Investment Manager	Mashreq Capital (DIFC) Limited
Fund Type	Open ended fund
Domicile	DIFC, Dubai
Regulator of Fund Manager	Dubai Financial Services Authority (DFSA)
Minimum Subscription	The minimum initial subscription and holding amount is: USD 100,000 in respect of the Class “ME AA USD”. Additional subscriptions may be made in increments of USD 1,000. AED 350,000 in respect of the Class “ME AA AED”. Additional subscriptions may be made in increments of AED 5,000. USD 1 in respect of the Class “ME BA USD” and “ME BI USD” Shares. Additional subscriptions may be made in increments of USD 1. AED 100 in respect of the Class “ME BA AED” and Class “ME BI AED” Shares. Additional subscriptions may be made in increments of AED 10. USD 1.00 in respect of the Class “ME CA USD” Shares and AED 100 in respect of Class “ME CA AED” Shares. Additional subscriptions may be made in increments of USD 1.00 in respect of Share class “ME CA USD” Shares and AED 10 in respect of the Class “ME CA AED” Shares.
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	2% in respect of Class “ME CA USD” Shares and Class “ME CA AED” Shares and Up to 3% in respect of all other Share Classes
Redemption Fee	Up to 3% within first 3 months; 2% within 3-6 months; 1% within 6-12 months in respect of all share classes. 0% in respect of the Class “ME CA USD” Shares and Class “ME CA AED” Shares.
Distribution Fee	0% in respect of Class “ME AA USD”, “ME AA AED”, ME CA USD” and “ME CA AED” Shares. 0.5% in respect of Class “ME BA USD”, “ME BA AED”, “ME BI USD” and “ME BI AED” Shares
Management Fee	0.70% per annum of the NAV per Class of the Class “ME CA USD” Shares; and 0.70% per annum of the NAV per Class of the Class “ME CA AED” Shares. 1.50% p.a. in respect of all other Share Classes
Performance Fee	15% of excess return above a 10% “hurdle rate” per annum based on a high water mark
Bloomberg Tickers	ME AA USD shares - MAMMECA UH ME AA AED shares - MAMMEAA UH EQUITY ME BA USD shares - MAMMECB UH ME BI AED shares - MAMMECM UH EQUITY ME BA AED shares - MAMMEMB UH ME CA USD shares - MAMMEUC UH ME CA AED shares - MAMMEAM UH ME CA USD shares - MAMMEUC UH ME CA AED shares - MAMMEAM UH
ISIN	AEDFXA03C109 in respect of Class “ME AA AED” Shares AEDFXA03C117 in respect of Class “ME AA USD” Shares AEDFXA03C125 in respect of Class “ME BA AED” Shares AEDFXA03C133 in respect of Class “ME BA USD” Shares AEDFXA03C141 in respect of Class “ME BI AED” Shares AEDFXA03C158 in respect of Class “ME BI USD” Shares, AEDFXA03C422 in respect of Class “ME CA USD” Shares and AEDFXA03C430 in respect of Class “ME CA AED” Shares