DAILY PRICE LIST FOR MUTUAL FUNDS, REITS and ETFS

A Mutual fund (Unit Trust) is an investment vehicle managed by a SEC (Securities and Exchange Commission) registered Fund Manager. Investors with similar objectives buy units of the Fund so that the Fund Manager can buy securities that willl generate their desired return.

An ETF (Exchange Traded Fund) is a type of fund which owns the assets (shares of stock, bonds, oil futures, gold bars, foreign currency, etc.) and divides ownership of those assets into shares. Investors can buy these 'shares' on the floor of the Nigerian Stock Exchange

A REIT (Real Estate Investment Trust) is an investment vehicle that allows both small and large investors to part-own real estate ventures (eg. Offices, Houses, Hospitals) in proportion to their investments. The assets are divided into shares that are traded on the Nigerian Stock Exchange.

Guide to Data:
Date: All fund prices are quoted in Naira as at 05-Feb-2020, unless otherwise stated

Offer price: The price at which units of a trust or ETF are bought by investors.
Bid Price: The price at which Investors redeem (sell) units of a trust or ETF

Yield / Total Return: Denotes the total return an investor would have earned on his investment. Money Market Funds report Yield while others report Year- to-date Total Return
NAV: is value per share of the real estate assets held by a REIT on a specific date
MERISTEM WEALTH MANAGEMENT LTD info@meristemwealth.com
AFRINVEST ASSET MANAGEMENT LTD aaml@afrinvest.com Fund Name Bid Price Offer Price Yield / T-Rtn
Web: www.afrinvest.com; Tel: +234 1 270 1680 Meristem Equity Market Fund 9.69 9.78 -1.13%
Fund Name Bid Price Offer Price Yield / T-Rtn Meristem Money Market Fund 10.00 10.00 6.60%
Afrinvest Equity Fund N/A N/A N/A PAC ASSET MANAGEMENT LTD info@pacassetmanagement.com
Afrinvest Plutus Fund N/A N/A N/A
Nigeria International Debt Fund N/A N/A N/A Web: www.pacassetmanagement.com/mutualfunds; Tel: +234 1 271 8632
ALTERNATIVE CAPITAL PARTNERS LTD info@acapng.com Fund Name Bid Price Offer Price Yield / T-Rtn
Web: www.acapng.com, Tel: +234 1 291 2406, +234 1 291 2868 PACAM Balanced Fund 1.40 1.42 14.41%
Fund Name Bid Price Offer Price Yield / T-Rtn PACAM Fixed Income Fund 12.52 12.61 10.82%
ACAP Canary Growth Fund 0.88 0.89 4.73% PACAM Money Market Fund 10.00 10.00 8.35%
ACAP Income Funds 0.76 0.76 33.79% PACAM Equity Fund 1.14 1.15
PACAM EuroBond Fund 108.34 110.22
AIICO CAPITAL LTD ammf@aiicocapital.com SCM CAPITAL LIMITED info@scmcapitalng.com
Web: www.aiicocapital.com, Tel: +234-1-2792974 Web: www.scmcapitalng.com; Tel: +234 1-280 2226,+234 1- 280 2227
Fund Name Bid Price Offer Price Yield / T-Rtn Fund Name Bid Price Offer Price Yield / T-Rtn
AIICO Money Market Fund 100.00 100.00 7.49% SCM Capital Frontier Fund 131.86 133.17 11.86%
AIICO Balanced Fund 2.47 2.52 0.21%
ANCHORIA ASSET MANAGEMENT LIMITED info@anchoriaam.com
Web:www.anchoriaam.com, Tel: 08166830267; 08036814510; 08028419180
Anchoria Money Market 100.00 100.00 6.37%
Anchoria Equity Fund 103.89 104.27 1.88%
Anchoria Fixed Income Fund 1.18 1.18 3.38%
ARM INVESTMENT MANAGERS LTD enquiries@arminvestmentcenter.com SFS CAPITAL NIGERIA LTD investments@sfsnigeria.com
Web: www.arm.com.ng; Tel: 0700 CALLARM (0700 225 5276) Web: www.sfsnigeria.com, Tel: +234 (01) 2801400
Fund Name Bid Price Offer Price Yield / T-Rtn Fund Name Bid Price Offer Price Yield / T-Rtn
ARM Aggressive Growth Fund 15.66 16.14 2.26% SFS Fixed Income Fund 1.01 1.01 0.84%
ARM Discovery Fund 352.58 363.21 2.06% STANBIC IBTC ASSET MANAGEMENT LTD assetmanagement@stanbicibtc.com
ARM Ethical Fund 30.15 31.05 3.64% Web: www.stanbicibtcassetmanagement.com; Tel: +234 1 280 1266; 0700 MUTUALFUNDS
ARM Money Market Fund 1.00 1.00 7.45% Fund Name Bid Price Offer Price Yield / T-Rtn
AXA MANSARD INVESTMENTS LIMITED investmentcare@axamansard.com Stanbic IBTC Balanced Fund 2,521.35 2,532.80 3.40%
Web: www.axamansard.com; Tel: +2341-4488482 Stanbic IBTC Bond Fund 210.33 210.33 0.67%
Fund Name Bid Price Offer Price Yield / T-Rtn Stanbic IBTC Ethical Fund 0.88 0.89 3.93%
AXA Mansard Equity Income Fund N/A N/A N/A Stanbic IBTC Guaranteed Investment Fund 273.87 273.95 1.05%
AXA Mansard Money Market Fund N/A N/A N/A Stanbic IBTC Iman Fund 154.92 156.64 3.27%
CAPITAL EXPRESS ASSET AND TRUST LIMITED info@capitalexpressassetandtrust.com Stanbic IBTC Money Market Fund 100.00 100.00 6.31%
Web: www.capitalexpressassetandtrust.com ; Tel: +234 803 307 5048 Stanbic IBTC Nigerian Equity Fund 7,674.15 7,756.30 3.74%
Fund Name Bid Price Offer Price Yield/T-Rtn Stanbic IBTC Dollar Fund (USD) 1.16 1.16 0.65%
CEAT Fixed Income Fund 1.96 1.96 19.86% Stanbic IBTC Shariah Fixed Income Fund 118.18 118.18 0.00%
CHAPELHILL DENHAM MANAGEMENT LTD investmentmanagement@chapelhilldenham.com
Web: www.chapelhilldenham.com, Tel: +234 461 0691

Fund Name Bid Price Offer Price Yield / T-Rtn UNITED CAPITAL ASSET MANAGEMENT LTD unitedcapitalplcgroup.com
Chapelhill Denham Money Market Fund 100.00 100.00 8.16% Web: www.unitedcapitalplcgroup.com; Tel: +234 803 306 2887
Paramount Equity Fund 12.71 12.91 1.43% Fund Name Bid Price Offer Price Yield / T-Rtn
Women's Investment Fund 113.66 114.66 2.94% United Capital Balanced Fund 1.20 1.22 -0.01%
CORDROS ASSET MANAGEMENT LIMITED assetmgtteam@cordros.com United Capital Bond Fund 1.75 1.75 1.17%
Web: www.cordros.com, Tel: 019036947 United Capital Equity Fund 0.70 0.71 -0.56%
Fund Name Bid Price Offer Price Yield / T-Rtn United Capital Money Market Fund 1.00 1.00 6.89%
Cordros Money Market Fund 100.00 100.00 7.99% United Capital Eurobond Fund 112.45 112.45 0.52%
Cordros Milestone Fund 2023 104.27 104.81 United Capital Wealth for Women Fund 1.09 1.10 0.15%
Cordros Milestone Fund 2028 113.73 114.38
CORONATION ASSEST MANAGEMENT investment@coronationam.com
Web:www.coronationam.com , Tel: 012366215
Fund Name Bid Price Offer Price Yield/T-Rtn QUANTUM ZENITH ASSET MANAGEMENT & INVESTMENTS LTD service@quantumzenithasset.
Coronation Money Market Fund 1.00 1.00 5.32% Web: www.quantumzenith.com.ng; Tel: +234 1-2784219
Coronation Balanced Fund 0.93 0.94 0.48% Fund Name Bid Price Offer Price Yield / T-Rtn
Coronation Fixed Income Fund 1.38 1.38 4.10% Zenith Equity Fund 10.54 10.70 2.73%
EDC FUNDS MANAGEMENT LIMITED mutualfundng@ecobank.com Zenith Ethical Fund 11.77 11.91 1.42%
Web:www.ecobank.com , Tel: 012265281 Zenith Income Fund 22.99 22.99 3.46%
Fund Name Bid Price Offer Price Yield/T-Rtn Zenith Money Market Fund 1.00 1.00 4.47%
EDC Nigeria Money Market Fund Class A 100.00 100.00 5.51%
EDC Nigeria Money Market Fund Class B 1,000,000.00 1,000,000.00 5.99% REITS
EDC Nigeria Fixed Income Fund 1,186.08 1,187.42 2.04%
FBNQUEST ASSET MANAGEMENT LTD invest@fbnquest.com
Web: www.fbnquest.com/asset-management; Tel: +234-81 0082 0082 Fund Name NAV Per Share Yield / T-Rtn
Fund Name Bid Price Offer Price Yield / T-Rtn FSDH UPDC Real Estate Investment Fund 3.20 -66.85%
FBN Fixed Income Fund 1,317.74 1,318.94 2.07% SFS Skye Shelter Fund 118.84 -0.08%
FBN Balanced Fund 150.48 151.65 2.49% Union Homes REIT 52.31 0.50%

FBN Money Market Fund 100.00 100.00 7.40% EXCHANGE TRADED FUNDS
FBN Nigeria Eurobond (USD) Fund - Institutional 120.12 120.43 0.74%
FBN Nigeria Eurobond (USD) Fund - Retail 120.76 121.07 0.78% Fund Name Bid Price Offer Price Yield / T-Rtn
FBN Nigeria Smart Beta Equity Fund 126.46 128.13 -2.82% Lotus Halal Equity Exchange Traded Fund 9.59 9.69 10.13%
FCMB ASSET MANAGEMENT LIMITED FCMBAMhelpdesk@fcmb.com SIAML Pension ETF 40 96.50 98.57 4.36%
Web: www.fcmbassetmanagement.com ; Tel: +234 1 462 2596 Stanbic IBTC ETF 30 Fund 75.65 77.06 2.61%
Fund Name Bid Price Offer Price Yield / T-Rtn VETIVA FUND MANAGERS LTD funds@vetiva.com
Legacy Money Market Fund 1.00 1.00 8.90%
Legacy Debt Fund 3.68 3.68 0.76% Web: www.vetiva.com; Tel: +234 1 453 0697
Legacy Equity Fund 1.14 1.16 0.74% Fund Name Bid Price Offer Price Yield/T-Rtn
Legacy USD Bond Fund 1.09 1.09 0.42%
FSDH ASSET MANAGEMENT LTD coralfunds@fsdhgroup.com Vetiva Banking Exchange Traded Fund N/A N/A N/A
Web: www.fsdhaml.com; Tel: 01-270 4884-5; 01-280 9740-1 Vetiva Consumer Goods Exchange Traded Fund N/A N/A N/A
Vetiva Griffin 30 Exchange Traded Fund N/A N/A N/A
Fund Name Bid Price Offer Price Yield / T-Rtn N/A N/A N/A
Coral Growth Fund 3,104.06 3,138.44 4.05% Vetiva Industrial Goods Exchange Traded Fund N/A N/A N/A
Coral Income Fund 3,106.45 3,106.45 13.33% Vetiva S&P Nigeria Sovereign Bond Exchange Traded Fund N/A N/A N/A
FSDH Treasury Bills Fund 100.00 100.00 8.15%
GREENWICH ASSET MANAGEMENT LIMITED assetmanagement@gtlgroup.com
Web: www.gtlgroup.com ; Tel: +234 1 4619261-2
Fund Name Bid Price Offer Price Yield / T-Rtn
INFRASTRUCTURE FUND
Greenwich Plus Money Market Fund 100.00 100.00 4.94% Fund Name NAV Per Share Yield/T-Rtn
Nigeria Entertainment Fund 117.98 118.45 9.65% Chapel Hill Denham Nigeria Infrastructure Debt Fund 108.69 17.60%
GROWTH & DEVELOPMENT ASSET MANAGEMENT LIMITED assetmanagement@gdl.com.ng
Web: www.gdl.com.ng ; Tel: +234 9055691122
Fund Name Bid Price Offer Price Yield/T-Rtn
GDL Money Market Fund N/A N/A N/A
INVESTMENT ONE FUNDS MANAGEMENT LTD enquiries@investment-one.com
Web: www.investment-one.com; Tel: +234 812 992 1045,+234 1 448 8888
Fund Name Bid Price Offer Price Yield / T-Rtn
Abacus Money Market Fund 100.00 100.00 6.65%
Vantage Balanced Fund 2.25 2.28 4.51%
Vantage Guaranteed Income Fund 1.00 1.00 11.42%
Kedari Investment Fund (KIF) 140.40 140.94 12.52%
LOTUS CAPITAL LTD fincon@lotuscapitallimited.com
Web: www.lotuscapitallimited.com; Tel: +234 1-291 4626 / +234 1-291 4624
Fund Name Bid Price Offer Price Yield / T-Rtn
Lotus Halal Investment Fund 1.22 1.24 4.25%
Lotus Halal Fixed Income Fund 1,111.57 1,111.57 1.20%

The value of investments and the income from them may fall as well as rise. Past performance is a guide and not an indication of future returns. Fund prices published in this edition are also available on each fund manager’s website and FMAN’s website at www.fman.com.ng. Fund prices are supplied by the
operator of the relevant fund and are published for information purposes only.