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 20-Mar-2018, 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
Web: http://www.meristemwealth.com/funds/ ; Tel: +234 1-4488260
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 16.03 16.18 13.76%
Fund Name Bid Price Offer Price Yield / T-Rtn Meristem Money Market Fund 10.00 10.00 14.17%
Afrinvest Equity Fund 187.42 188.13 5.44% PAC ASSET MANAGEMENT LTD info@pacassetmanagement.com
Nigeria International Debt Fund 241.55 242.27 4.40% 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 1.30 1.33 9.70%
Fund Name Bid Price Offer Price Yield / T-Rtn PACAM Fixed Income Fund 11.44 11.48 3.59%
ACAP Canary Growth Fund 0.86 0.87 4.13% PACAM Money Market Fund 10.00 10.00 13.46%
ACAP Income Funds 0.63 0.63 4.60%
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 15.60% SCM Capital Frontier Fund 142.28 144.78 10.48%
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 N/A N/A N/A SFS Fixed Income Fund 1.53 1.53 3.36%
ARM Discovery Fund N/A N/A N/A STANBIC IBTC ASSET MANAGEMENT LTD assetmanagement@stanbicibtc.com
ARM Ethical Fund N/A N/A N/A Web: www.stanbicibtcassetmanagement.com; Tel: +234 1 280 1266; 0700 MUTUALFUNDS
ARM Money Market Fund N/A N/A N/A Fund Name Bid Price Offer Price Yield / T-Rtn
AXA MANSARD INVESTMENTS LIMITED investmentcare@axamansard.com Stanbic IBTC Balanced Fund 2,364.84 2,383.44 5.41%
Web: www.axamansard.com; Tel: +2341-4488482 Stanbic IBTC Bond Fund 180.21 180.21 2.13%
Fund Name Bid Price Offer Price Yield / T-Rtn Stanbic IBTC Ethical Fund 1.08 1.10 7.92%
AXA Mansard Equity Income Fund N/A N/A N/A Stanbic IBTC Guaranteed Investment Fund 228.98 229.07 3.98%
AXA Mansard Money Market Fund N/A N/A N/A Stanbic IBTC Iman Fund 193.35 195.52 7.96%
CHAPELHILL DENHAM MANAGEMENT LTD investmentmanagement@chapelhilldenham.com Stanbic IBTC Money Market Fund 100.00 100.00 14.88%
Web: www.chapelhilldenham.com, Tel: +234 461 0691 Stanbic IBTC Nigerian Equity Fund 10,305.79 10,446.78 6.58%
Stanbic IBTC Dollar Fund (USD) 1.08 1.08 1.89%
Fund Name Bid Price Offer Price Yield / T-Rtn UNITED CAPITAL ASSET MANAGEMENT LTD unitedcapitalplcgroup.com
Chapelhill Denham Money Market Fund N/A N/A N/A Web: www.unitedcapitalplcgroup.com; Tel: +234 803 306 2887
Paramount Equity Fund N/A N/A N/A Fund Name Bid Price Offer Price Yield / T-Rtn
Women's Investment Fund N/A N/A N/A United Capital Balanced Fund 1.34 1.36 0.73%
CORDROS ASSET MANAGEMENT LIMITED assetmgtteam@cordros.com United Capital Bond Fund 1.61 1.61 3.02%
Web: www.cordros.com, Tel: 019036947 United Capital Equity Fund 1.01 1.03 9.94%
Fund Name Bid Price Offer Price Yield / T-Rtn United Capital Money Market Fund 1.00 1.00 13.58%
Cordros Money Market Fund 100.00 100.00 15.23% United Capital Eurobond Fund 104.85 104.85 1.90%
CORONATION ASSEST MANAGEMENT investment@coronationam.com United Capital Wealth for Women Fund 1.12 1.13 3.10%
Web:www.coronationam.com , Tel: 012366215

Fund Name Bid Price Offer Price Yield/T-Rtn

Coronation Money Market Fund 1.00 1.00 15.33%
Coronation Balanced Fund 1.11 1.13 5.81%
Coronation Fixed Income Fund 1.09 1.13 5.65% ZENITH ASSETS MANAGEMENT LTD info@zenith-funds.com
FBNQUEST ASSET MANAGEMENT LTD invest@fbnquest.com Web: www.zenith-funds.com; Tel: +234 1-2784219
Web: www.fbnquest.com/asset-management; Tel: +234-81 0082 0082 Fund Name Bid Price Offer Price Yield / T-Rtn
Fund Name Bid Price Offer Price Yield / T-Rtn Zenith Equity Fund 13.30 13.50 6.30%
FBN Fixed Income Fund 1,194.24 1,195.41 4.04% Zenith Ethical Fund 14.01 14.18 8.93%
FBN Heritage Fund 147.42 148.77 5.77% Zenith Income Fund 19.66 19.66 3.90%
Zenith Money Market Fund 1.00 1.00 13.50%
FBN Money Market Fund 100.00 100.00 14.80%
FBN Nigeria Eurobond (USD) Fund - Institutional $114.82 $115.32 1.67%
FBN Nigeria Eurobond (USD) Fund - Retail $114.85 $115.35 1.80%
REITS
FBN Nigeria Smart Beta Equity Fund 175.97 178.69 9.46% Fund Name NAV Per Share Yield / T-Rtn
FIRST CITY ASSET MANAGEMENT LTD fcamhelpdesk@fcmb.com FSDH UPDC Real Estate Investment Fund 10.00 -11.35%
Web: www.fcamltd.com; Tel: +234 1 462 2596 SFS Skye Shelter Fund 134.17 1.29%
Fund Name Bid Price Offer Price Yield / T-Rtn
Legacy Equity Fund 1.38 1.41 5.94%
Legacy Debt Fund 2.97 2.97 2.99%
EXCHANGE TRADED FUNDS
FSDH ASSET MANAGEMENT LTD coralfunds@fsdhgroup.com Fund Name Bid Price Offer Price Yield / T-Rtn
Web: www.fsdhaml.com; Tel: 01-270 4884-5; 01-280 9740-1 Lotus Halal Equity Exchange Traded Fund 12.52 12.62 3.29%
SIAML Pension ETF 40 158.21 161.61 10.78%
Fund Name Bid Price Offer Price Yield / T-Rtn Stanbic IBTC ETF 30 Fund 118.37 120.58 8.35%
Coral Growth Fund 3,153.72 3,188.88 5.68% VETIVA FUND MANAGERS LTD funds@vetiva.com
Coral Income Fund 2,547.69 2,547.69 4.13% Web: www.vetiva.com; Tel: +234 1 453 0697
GREENWICH ASSET MANAGEMENT LIMITED assetmanagement@gtlgroup.com Fund Name Bid Price Offer Price Yield/T-Rtn
Web: www.gtlgroup.com ; Tel: +234 1 4619261-2 Vetiva Banking Exchange Traded Fund 5.16 5.20 8.80%
Fund Name Bid Price Offer Price Yield / T-Rtn Vetiva Consumer Goods Exchange Traded Fund 9.69 9.77 1.25%
Greenwich Plus Money Market Fund 100.00 100.00 14.57% Vetiva Griffin 30 Exchange Traded Fund 19.00 19.10 6.96%
INVESTMENT ONE FUNDS MANAGEMENT LTD enquiries@investment-one.com Vetiva Industrial Goods Exchange Traded Fund 22.97 23.17 16.69%
Web: www.investment-one.com; Tel: +234 812 992 1045,+234 1 448 8888 Vetiva S&P Nigeria Sovereign Bond Exchange Traded Fund 156.95 158.95 5.60%
Fund Name Bid Price Offer Price Yield / T-Rtn
Abacus Money Market Fund 1.00 1.00 14.98%
Vantage Balanced Fund 2.17 2.20 2.92%
Vantage Guaranteed Income Fund 1.00 1.00 16.41%
Kedari Investment Fund (KIF) 117.66 117.99 2.29%
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 1.17 1.19 1.45%
Lotus Halal Fixed Income Fund 1,059.92 1,059.92 2.79%

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.