About Target First Fixed Income Fund
Target First Fixed Income Fund is an investment fund profile on SNDUK. This page explains Target First Fixed Income Fund performance, key fund facts, and investment strategy for investors comparing funds in Egypt.
Target First Fixed Income Fund is managed by Target Asset Management. Fund type: fixed_income. Fund code: TFI. Assets under management: 117250493. Minimum investment: 10 وثائق. Inception date: 1/22/2025.
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).
Target First Fixed Income Fund fund details
Target First Fixed Income Fund is managed by Target Asset Management. The asset manager oversees portfolio decisions and fund operations for Target First Fixed Income Fund.
Target First Fixed Income Fund is classified as a fixed_income fund, which shapes its risk profile and investment universe.
Investors can identify Target First Fixed Income Fund in market data using fund code TFI.
Target First Fixed Income Fund reports assets under management of 117250493.
The minimum investment amount to participate in Target First Fixed Income Fund is 10 وثائق.
Target First Fixed Income Fund was launched on 1/22/2025, giving investors a track record to evaluate long-term performance.
Target First Fixed Income Fund performance summary
Return over 1 week: +0.2921%. Return over 1 month: +1.5339%. Return over 3 months: +4.2025%. Return over 6 months: +8.7486%. Return over since inception: +16.8911%.
Use this SNDUK fund page to review Target First Fixed Income Fund returns, manager details, and strategy before investing.
SNDUK publishes Target First Fixed Income Fund data to help investors compare Egyptian investment funds with transparent performance and fund information.
