CHANGE IN MANAGEMENT FEE AND ALLOCATED EXPENSES - Al Meezan Investment Management Limited
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CHANGE IN MANAGEMENT FEE AND ALLOCATED EXPENSES

May 17, 2021

The Unit holders of following Funds under Management of Al Meezan Investment Management Limited (Al Meezan) are informed that, effective May 08, 2021, Management Fee and Allocated Expenses in following funds are being accrued as per below mentioned schedule;

Fund Management Fee* Allocated Expense
Meezan Cash Fund (“MCF”) 0.60% 0.25%
Meezan Rozana Amdani Fund (“MRAF”) 0.25% 0.25%

* As per constitutive documents, following are the allowed limits of charging Management fees in above funds;
– MCF Up to 0.60% of average annual net assets
– MRAF Up to 3.5% of gross earnings.