Mawared Money Market Fund – HD BANK

Mawared Money Market Fund is an open-ended investment fund with a daily cumulative return, launched by Housing & Development Bank to provide a low-risk investment vehicle that helps investors manage liquidity while generating returns and maintaining a high degree of safety and flexibility.

The fund follows a conservative investment strategy focused on investing in money market instruments and short-term fixed income securities with high credit quality, aiming to achieve a balance between returns, liquidity, and capital preservation.

The investment policy of Mawared Money Market Fund allows investment in treasury bills, treasury bonds, sukuk, and debt instruments issued or guaranteed by the Egyptian government, in addition to bank deposits, savings certificates, money market instruments, and short-term securities.

Mawared Fund does not distribute periodic cash dividends. Instead, returns are accumulated in the value of the fund certificate on a daily basis. Investors realize their returns through the difference between the purchase price and the redemption price, and returns begin to accrue from the business day following the purchase date until the redemption date, according to the announced net asset value (NAV) of the certificate.

Description as published on the distribution platform.