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Fixed Income Fund – Safe. Liquid. Strategic

Target First Fixed Income Fund - TFFIF

Target First Fund

Fund Overview

Target First Fund is an open-ended money market fund licensed by the Financial Regulatory Authority (FRA) under license no. 952 dated January 28, 2025. It is designed to offer daily liquidity, capital preservation, and a stable cumulative return with minimal risk, making it ideal for investors seeking a reliable and low-volatility investment vehicle.

Attribute Details
Fund Name Target First Fund (Target First Fixed Income Fund)
Legal Structure Egyptian joint-stock company under Law 95 of 1992
Fund Duration 25 years (10/10/2024 – 09/10/2049)
Fund Currency Egyptian Pound (EGP)
Initial Fund Size EGP 150,000,000
Value per Certificate EGP 10 ( 22-06-2025 To 22-08-2025 )
Minimum Subscription 10 Certificates
TFFIF Returns
• All figures shown are approximate and for indicative purposes only. They do not represent official returns or certified performance.

Investment Objective

The Fund aims to invest in high-quality, fixed-income securities while maintaining a high degree of liquidity.

The fund’s core objective is to deliver a daily cumulative return that aligns with a
low-risk profile through diversified and regulated financial instruments.

Key Investment Instruments

  • Treasury Bills & Government Bonds

  • Time Deposits & Certificates of Deposit

  • Repurchase Agreements (Repos)

  • Investment-grade Corporate Bonds & Sukuk

  • Other mutual fund certificates within approved limits

Investment Strategy & Allocation Limits

Investment Instruments & Maximum Allocation

Instrument Type Max Allocation
Treasury Bills 100%
Central Bank / Bank-issued Papers 70%
Government/Corporate Bonds & Sukuk 70% (max 40% in corporate Sukuk)
Repurchase Agreements 50%
Bank Deposits & Liquid Cash Equivalents Up to 80%
Mutual Fund Certificates Up to 20%

All securities must meet or exceed a credit rating of BBB- or equivalent.

Who Should Invest?

The fund is suitable for:

  • Individual & institutional investors

  • Risk-averse clients

  • Investors seeking daily liquidity

  • Clients aiming for short-to-medium term capital stability

Subscription & Redemption

  • Offering Type: Public Offering

  • Subscription Period: June 22 – August 22, 2025 (may close earlier if fully subscribed)

  • Subscription Channels:

  • Daily NAV Disclosure: Published in branches, official newspaper (weekly), and
    www.tig.com.eg

Fund Governance

  • Fund Company: Target First Fund

  • Investment Manager: Target Asset Management

  • Fund Services Company: FundData

  • Custodian: Banque du Caire

  • Auditors: Ahmed Niazy CPA & Maged Sharif CPA

  • Tax Advisor: Hazem Abdel Tawab

  • Legal Advisor: Sabry Mohy El-Din

Why Target First Fund?

✅ Capital Protection
✅ Daily Liquidity
✅ Low-Risk Diversified Investments
✅ Transparent Reporting
✅ Managed by Experts
✅ Fully Regulated by the FRA

Future Outlook

This fund is the first step in a larger strategy by Target First Fund to launch a family of funds tailored to different investor needs, including:

  • Fixed Income Funds

  • Equity Funds

  • Shariah-Compliant Funds

  • USD-Denominated Funds

Each fund will be governed by the same principles:
prudence, professionalism, and investor-first transparency.

Investment Committee

Investment Committee

The Investment Committee of the Target First Money Market Fund (Fixed Income) is formed and supervised by
Target Portfolio Management Company, the licensed investment manager.

This committee is composed of:

  • The Investment Manager of the company
  • Representatives of the fund’s founding entity
  • Experienced financial experts approved by the Financial Regulatory Authority (FRA)

Responsibilities of the Investment Committee include:

  • Defining and overseeing the fund’s investment strategy
  • Regularly reviewing the asset allocation
  • Making decisions regarding portfolio rebalancing in alignment with the fund’s objectives and risk profile
Noureldin Mohamed Mohyeldin

Nour Elden Mohamed

Chairman
Hossam EL Fayed

Hossam EL Fayed

Managing Director

MAIN FUND PROSPECTUS

Download the PDF file of the latest update.
Click here to download

IPO ANNOUNCEMENT IN NEWSPAPER

Download the published newspaper notice.
Click here to download

Need Help ?

Please feel free to contact us. We will get back to you within 1–2 business days, or just call us now.

+20226309906
info.tff@tig.com.eg

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