MID BANK Second Mutual fund (Money Market)

Medbank Second Money Market Fund is an open-ended investment fund among money market funds, established to provide a savings and investment vehicle that enables investors to earn a daily return on invested funds, while allowing the purchase and redemption of investment units on a daily basis.

The fund invests in cash instruments and short-term investments, and its investment policy aims to maximize returns while taking into consideration the reduction of investment risks and the maintenance of liquidity through investment diversification.

The Medbank Second Money Market Mutual Fund may hold up to 60% of its net assets in current accounts or deposits with Medbank, with the fund being treated as a preferred client in obtaining the highest prevailing market return on deposits, without affecting the investment manager’s ability to select the best investment opportunities.

The fund may invest up to 100% of its net assets in Egyptian Treasury bills, provided that the percentage is not less than 25%. Investments in Egyptian Treasury bonds, sukuk, and corporate bonds combined may not exceed 49% of net assets.

Investments in bonds or financing sukuk issued by companies may not exceed 20% of net assets, subject to the requirement that the credit rating of debt instruments be no lower than BBB-, except for securities and financial instruments issued or guaranteed by the Egyptian government. Unit holders are also informed annually of any change in the credit rating of the bonds or financing sukuk in which the fund invests.

The fund’s investments in financing sukuk, deposits, bonds, and savings certificates combined with any single entity may not exceed 50% of net assets, except for government entities, public business sector entities, and public-sector banks.

The fund may invest up to 50% of its net assets in bank savings certificates and investment certificates in accordance with the provisions set out in the prospectus. It may also invest up to 25% of its net assets in other Egyptian money market investment funds.

Description as published on the distribution platform.