The Vetiva Money Market Fund (“VMMF”)

(Authorized and Registered in Nigeria as a Unit Trust Scheme)

The VMMF is an actively managed open-ended Fund that seeks to provide capital stability, liquidity, and diversification while providing a competitive return to fund investors. The Fund will invest in a diversified portfolio of high yield and high-quality short-term money market instruments like Government Treasury Bills, Commercial Papers, Tenored Deposits, short-term instruments with eligible financial institutions, and other instrument introduced and approved by the Central Bank of Nigeria (CBN) from time to time.

Fund Summary

Fund Objective

The fundamental objective of the Fund is to preserve investors’ capital whilst providing liquidity and maximising current income, in line with prevailing Nigerian Money Market yields, by investing in a diversified portfolio of high quality money market instruments.

Target Investors

The Fund is targeted toward prudent investors (Retail, High net-worth individuals and Institutions) who are seeking:

Safety and Capital Preservation;
Liquidity and regular income streams;
Diversification;
Competitive return compared to savings account returns;
Short term investments.

Fund Manager

Vetiva Fund Managers Limited

Trustees

STL Trustees Limited

Custodian

Citibank Nominees

Indicative Fund Rating (*To be confirmed subsequent to Launch)

Agusto & Co: A+(f)

Registrar

First Registrars and Investor Services Ltd.

Pricing

NGN 1.00 per Unit

Subscription Method

Units can be purchased from the Fund Manager by completing a Subscription Form. Completed forms should be returned with a bank draft or cheque made payable to STL Trustees/Vetiva Money Market Fund. Your name, contact address and daytime telephone number must be written at the back of the bank draft or cheque. A fund transfer can also be made into the fund’s account detailed below and the evidence of transfer submitted alongside other subscription documents:

Bank:	Citibank Nigeria Ltd
Account Name:	STL/Vetiva Money Market Fund Sub
Account No:	0011892040

Minimum Subscription

NGN 5,000.00

Minimum Holding Period

30 days

Distribution Frequency

Quarterly Distributions

Fund Data

Fiscal Year	31-Dec
Domicile	Nigeria
Currency	Mutual Fund
Investment	Money market instruments, unsubordinated short term debt securities with a maximum tenor of 366 days (Commercial papers, Bankers’ acceptances, Treasury bills, other short term debt securities issued or guaranteed by the Federal Government of Nigeria or any State Government of Nigeria), Fixed/tenured deposits with eligible financial institutions and other instruments issued and approved by the Central Bank of Nigeria from time to time PROVIDED THAT such instruments/issuer shall have an investment rating not lower than that prescribed by the Securities and Exchange Commission from time to time
Frequency of Dividend Payment	Quarterly

Disclaimer

We strongly advise that you consider, independently, the suitability of any recommendation with your personal profile and objectives. Carefully consider the funds' investment objectives, risk and charges and expenses. This and other information can be found in the fund’s brochure. You are advised to read and understand the contents of the brochure before investing in the Fund. If you are in doubt about its contents or the action to take, please consult your stockbroker, solicitor, banker or an independent investment adviser for guidance.
The information contained herein is not an offer to sell or a solicitation of an offer to buy shares of any Fund to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction.

Launch date	Aug-2019
Domicile	Nigeria
Currency	NGN
Ticker	VMMF
Objective	Capital preservation & Growth