BM Fund 2

Banque Misr Mutual Fund in Euro ( day by day Euro ) is an open-ended money market fund that aims to provide a savings and investment vehicle for investors seeking to preserve liquidity while earning a daily cumulative return through investments in short- and medium-term euro-denominated fixed-income instruments. The fund is classified as a low-risk investment fund and offers daily subscription and redemption, providing investors with a high degree of flexibility.

The fund's investment limits are defined in the prospectus to achieve a balance between liquidity and risk management. The fund may hold up to 100% of its assets in cash, deposits, or current accounts with banks regulated by the Central Bank of Egypt when suitable investment opportunities are unavailable. It may also invest up to 100% of its assets in euro-denominated government treasury bills.

The fund is also permitted to invest up to 40% of its assets in euro-denominated sovereign bonds and up to 40% in euro-denominated bank certificates of deposit. Investments in fixed-income bonds and commercial papers issued by companies and banks may not exceed 30% of the fund's invested assets, with a maximum exposure of 20% to any single issuer.

Although the fund is considered low risk, investing in it is not entirely risk-free. Its performance may be affected by factors such as changes in interest rates, changes in the credit ratings of financial instruments, liquidity risk, or fluctuations in fixed-income markets. However, the fund's diversification policy, credit quality requirements, and regulatory investment limits are designed to mitigate these risks as much as possible.

Is there a subscription or redemption fee for Yom B Yom Euro Fund units?

Investors do not pay any subscription or redemption fees, nor are there any issuance or subscription charges. Management and operating fees are deducted directly from the fund's assets and are not charged separately to investors when subscribing or redeeming units.

Does the fund distribute periodic dividends?

The fund does not distribute periodic cash dividends. Instead, returns are calculated on a daily cumulative basis and are reflected in the increasing unit price rather than being paid out in cash. Investors can realize their returns at any time by redeeming part of their fund units.

Description as published on the distribution platform.