Target First Fixed Income Fund

Target First Fixed Income Fund is an open-ended investment fund specializing in fixed-income instruments. The fund targets investors seeking a daily cumulative return with a low level of risk, while offering high liquidity through daily subscription and redemption.

The investment strategy of Target Fund is based on building a diversified portfolio of fixed-income instruments, including Treasury bills, government bonds, corporate bonds, sukuk, and other debt instruments permitted under applicable regulations. This diversification aims to reduce the risks associated with any single investment instrument and achieve a balance between return and stability.

Investments in bank deposits, certificates of deposit, and current accounts may not exceed 80% of the fund’s total assets. In addition, up to 100% of the fund’s assets may be invested in Treasury bills, while investments in short-term certificates issued by the Central Bank of Egypt or banks supervised by it are limited to a maximum of 70%.

With respect to long-term debt instruments, total investments in Treasury bonds, corporate bonds, and financing sukuk may not exceed 70% of the fund’s assets. Investments in repurchase agreements (Repos) are also capped at 50% of total assets.

The investment manager is committed to investing only in securities with appropriate credit quality, requiring a minimum credit rating of BBB- in accordance with the standards approved by the Financial Regulatory Authority (FRA).

Description as published on the distribution platform.