Table of Contents
Disclaimer: Activities in the Egypt market are conducted through Thndr Securities Brokerage, which is a member firm of the Egyptian Stock Exchange and is authorized and regulated by the Financial Regulatory Authority . Registered in Egypt (no. 804)
What is Beltone Fadda (BFA)?
Beltone Fadda is an open-ended mutual fund that invests in certified 999 silver, which is the official investment grade silver. and tracks its price movements.
The fund gives you exposure to silver without needing to buy or store it yourself.
You can read more about the fund’s investment guidelines and limits in the fund prospectus here.
Investment guidelines
- Silver metal (minimum 80% of the fund)
- Liquidity and liquid investments (maximum 20% of the fund)
How do I place my order?
- Open the Thndr app and go to “Explore.”
- Search for “Beltone Fadda” or locate “BFA” under the mutual funds theme.
- Tap on the Beltone Fadda Fund.
- Tap on “Buy” and specify the amount you wish to invest. (minimum 11 certificates)
Buying & Selling
During the subscription period
Beltone Fadda is currently in its subscription phase.
If you place your order during the subscription period:
- Your order status will be Pending
- The value of your order will be held until execution
- You can cancel your order while it is still Pending
- Your order will be executed after the subscription period ends
At the end of the last subscription day:
- Your order status will change to Processing
- Your order will be sent to the asset manager
- You will no longer be able to cancel your order
- The held amount will be deducted once the subscription period is over.
After the subscription period
If you place your order before 12 PM
Your order will be sent on the same day and executed on the next business day at that day’s price.
If you place your order after 12 PM
Your order will be sent on the next business day and executed on the following business day at that day’s price.
Fees
- 4.25% of your buy order value, collected at the time of purchase
- Standard transaction fees apply on every buy and sell order
Can I redeem my certificates for physical silver?
You can redeem your investment in physical silver under the following conditions:
- Redemption is done in the form of silver ingots in multiples of 10 kg
- A fee applies for physical redemption, of up to 4% of the silver’s value
If your certificates’ silver value does not meet the required quantity, you can redeem your investment in cash through the app.
For full details, please refer to the fund prospectus here.
Who Manages Beltone Fadda (BFA)?
Beltone Fadda (BFA) is managed by Beltone Asset Management, a subsidiary of Beltone Financial.
What are the risks?
- Underlying asset risks – changes in the price of sliver
- Supply risks – Limited access to silver can impact the fund’s ability to operate efficiently.
- Storage risks
For more details on the fund’s risk factors, view the fund prospectus here.
