BDC First Fund (Equity Fund)

Banque du Caire First Fund is an open-ended equity investment fund established in 1995. It aims to maximize capital over the long term by investing primarily in companies listed on the Egyptian Exchange, with the portfolio professionally managed by Hermes Portfolio and Fund Management Company. The fund may also invest in fixed-income instruments, including Treasury bills, Treasury bonds, corporate bonds, and bank deposits, in accordance with the investment limits set out in the fund's prospectus.

The fund follows an active investment management strategy designed to maximize capital while balancing growth opportunities and risk management through dynamic asset allocation based on market conditions and available investment opportunities.

The majority of the Banque du Caire First Fund's assets are invested in equities listed on the Egyptian Exchange. Equity investments must represent no less than 30% and no more than 95% of the fund's total investments, reflecting the fund's focus on long-term capital appreciation. Meanwhile, up to 40% of the fund's total investments may be allocated to fixed-income instruments to enhance portfolio stability and reduce volatility when appropriate.

The fund is also required to maintain a minimum liquidity level of 5% of its net assets to meet redemption requests, with the flexibility to increase liquidity up to 30% by temporarily investing in low-risk, highly liquid investment instruments. This provides the investment manager with greater flexibility in managing cash flows and capturing investment opportunities.

The Banque du Caire First Fund also applies clear diversification rules to reduce concentration risk. Investment in securities issued by a single company may not exceed 15% of the fund's net assets, while the fund may not own more than 20% of the total securities issued by any single company. These limits help build a more diversified and stable investment portfolio over the long term.

Description as published on the distribution platform.