Fund Name	Tharaa Fund
Seeder / Sponsor	Egyptian Gulf Bank
Fund Manager	Prime investment –Asset management
Placement Agent	Egyptian Gulf Bank / Prime
Fund Administration company	Prime Pound (LE)
Domicile	Egypt
Initial Fund Size	LE 200 million subject to increase
Fund Type / Structure	Open Ended Daily Money –Market Fund
Inception Date	July 13th,2010
Fund Investment Zone	Egypt
Nominal Value	LE 10
Units in Issue	20, 000 000
Fund Objective	The main investment objective of the fund is to provide stable income to the investor by investing in money market and fixed income securities that provide periodic income.
Fund Restrictions	The fund is fully dedicated to invest in the Egyptian listed money-market and fixed-income instruments. The investment structure of the fund at any one time should be as such: ·         Up to 100% of total assets in T-Bills/T-Bonds ·         Up to 35% in corporate bonds with a minimum rating of BBB-provided that it does not exceed 10% of total assets. ·         Up to 30% in money-market funds provided that it does not exceed 20% of the fund assets (Tharaa) or 5% of any mutual funds’ assets (invested in). ·         Minimum 10% of the funds’ assets in cash and T-Bills. ·         Maximum allocation 10% in any one security providing it does not exceed 15% from the individual company assets. ·         The duration of each investment security should not exceed 13 months. ·         Maximum weighted average duration of the funds’ portfolio investment is 150 days.
Assets Allocation Committee	The Asset Allocation Committee at prime Asset Management is responsible for identifying the global asset allocation and taking allocation decisions across different asset classes and sectors. The Asset Allocation Committee meets on a regular basis in order to review and reassess the strategy for the fund.
Custodian	Egyptian Gulf Bank acts as the custodian of the Fund. All of the fund is held with the Custodian. The Custodian is responsible for ensuring the preservation of the assets, the collection of dividends and distributions belonging to the fund.
Legal status	Investment activities comply with strict regulations and holding limitations imposed by Law 95 of 1992 &its executive regulation.
Indicative Price	The “Indicative Price” is defined as the “Net Asset Value” of the day before the “subscription / Redemption Day” which will be announced in all Egyptian Gulf Bank branches.
Determining the Net Asset Value (NAV)	Investment certificates are valued at the end of each business day. This also represents “Subscriptions Price” and “Redemption Price”.
	The NAV is published in an official newspaper on the first business day of the week.
Subscription	Subscription takes place on a daily basis during official banking hours (from 9 am to 2 pm) at any branch of Egyptian Gulf Bank. Subscribers are to submit the application from based on the “Indicative Price”. The “Subscription price” will be announced at the end of the business day of the “Subscription day” at all bank branches, and all application forms will be fulfilled based on the “Subscription Price”. Should the “Subscription Price” be higher than the “Indicative Price”, the number of certificates will be rounded down.
Minimum Subscription	Fifty units during the Subscription period, with no minimum thereafter.
Redemption	Redemption takes place on a daily basis during official banking hours (from 9 am to 2 pm). Redemption are to be processed and fulfilled next day of submitting redemption applications.
Distribution Policy	Distribution takes place quarterly, from 5-95% from net profit in excess to the par value. The distribution shall occur at the own distribution of the fund manager.
Auditors	Baker Tilly & Dr.Abdelaziz Hegazy office
Legal  Advisor	Dr.Hany Sery El-din
Subscription / Redemption fees	None
Funds Administration co. fees	0.05%
Annual Management fees	The fund Manager receives 0.25% per annum of the fund’s NAV as management fees on a monthly basis.
Bank administrative fees	Egyptian Gulf Bank receives 0.40% per annum of the fund’s VAV as administrative fees on a monthly basis.
Custodian Fees	0.1%