The Fund is targeted at Retail, High Net Worth Individuals (HNIs), institutional individuals, and Africans in the diaspora who have a medium to long-term investment horizon. The Fund is particularly suitable for investors seeking:

• Safety and preservation of capital;
• Liquidity and a regular stream of income as the Fund pays dividends semi-annually.

The Fund invests in FGN Eurobonds, Nigerian Corporate Eurobonds, and Cash.

There is no maximum amount you can invest; however, the minimum investment is $5,000. During the offer period, the minimum subscription into the Fund shall be $5,000 and in multiples of $1,000 thereafter.

Investors can purchase units of the Fund by completing an application form via the online portal.

Yes, you can sell your investment at any time by completing a redemption form and submitting it to the Fund’s office. The redemption process typically takes no more than 5 days from receipt of the request. Redemptions within 90 days of subscription attract a 0.5% penal fee, and a minimum holding of 5,000 units is required after partial redemption.

Yes, you can increase your investment after the offer period in multiples of $1,000.

The Fund is managed by FSL Asset Management Limited (FSLAM), one of Nigeria’s leading asset management companies, registered with the Securities & Exchange Commission (SEC).

The Fund is regulated by the SEC and monitored by Leadway Capital and Trusts Limited (Trustee) to ensure the protection of investors. UBA Plc (Global Investor Services) acts as the independent custodian for the assets of the Fund.

The Fund Manager adopts a top-down investment approach, conducting thorough research and considering macro and microeconomic factors to select securities. Continuous assessment of market conditions and investment prospects guides decisions.

The Fund employs various risk management techniques, including stress testing the portfolio using simulations to anticipate potential risks. These results are reported to the Investment Committee.

There is no minimum guaranteed rate of return. The return is influenced by trends in the money market and cannot be guaranteed.

After payment confirmation, you will receive an e-certificate via email indicating the number of units held. You can monitor your investment through our online mutual fund portal.

Dividends are paid semi-annually to Unitholders.

The Fund Benchmark is composed of 70% 3-year FGN Eurobond and 30% U.S. Treasury Bills. The Fund aims to achieve a yield 5% above this benchmark.

The benefits include:

• Preservation of capital;
• Competitive interest rates;
• Liquidity and diversification;
• Professional fund management;
• Affordability and flexibility;
• Tax advantages;
• Regulatory oversight by the SEC;
• Separate management of fund and custody of assets.

The Fund is suitable for Retail investors, High Net Worth Individuals (HNIs), and Institutional Investors (firms, societies, religious bodies, employee schemes, amongst others) seeking moderate long-term capital growth and stable income. It is particularly suitable for investors who:

• Have a medium risk tolerance.
• Can accommodate short-term market fluctuations in pursuit of long-term returns.
• Prefer professional portfolio management.
• Require liquidity through the ability to redeem units.
• Desire exposure to both equity and fixed-income markets without directly managing the underlying assets.

The fund invests in a diversified portfolio of quoted and unquoted equities, money market investments and fixed income instruments.

The minimum initial subscription is ₦100,000, and subsequent subscriptions must be in multiples of ₦10,000. There is no maximum amount you can invest.

Investors can purchase Units of the Fund through the Fund Manager (FSL Asset Management Limited) or any of its designated agents/representatives. You may:

• Visit our office at Plot 688 Ahmodu Tijani Close, Off Sanusi Fafunwa Street, Victoria Island, Lagos
• Contact us via email at assetmanagement@fsl.ng
• Call us on +234 (0) 812 473 2712

Yes, you can redeem your investment in part or whole on any Business Day. You will be required to complete the Redemption Form and lodge it with the Fund Manager. Redemption payments shall be made within five (5) Business Days following receipt of the redemption notice. The minimum permissible holding after partial redemption is 10,000 Units.

However, Unitholders who redeem all or part of their investment before the expiration of the 90-day minimum holding period shall be subject to an early redemption penalty equal to 20% of the accrued interest earned on the redeemed funds.

Yes, you can increase your investment periodically after the initial subscription. Additional purchases must be in multiples of 10,000 Units.

The Fund is managed by FSL Asset Management Limited, one of Nigeria's leading asset management companies licensed as a Fund/Portfolio Manager by the Securities & Exchange Commission (SEC) of Nigeria.

Unit Trusts in Nigeria are regulated by the Securities & Exchange Commission (SEC). The interest of investors is further protected by the Trustee (Leadway Trustees Limited), who supervises the activities of the Fund Manager. Additionally, an independent Custodian (United Bank for Africa Plc - Global Investor Services) holds and safeguards the assets of the Fund. This structure creates effective control in the management of the Fund.

The Fund follows a research-driven, actively managed strategy aimed at achieving moderate long-term capital growth and income.

The Fund employs a robust risk management framework, including:

• Diversification: The portfolio is well diversified among various equities, money market, and fixed income instruments to prevent concentration in any one security.
• Liquidity Management: The Fund only invests in marketable securities.
• Market Intelligence: The Fund Manager's investment management team makes informed investment decisions.
• Investment Committee Oversight: The Committee provides strategic guidance and ensures compliance with risk policies.
• Continuous Monitoring: The portfolio is periodically reviewed to evaluate liquidity profile and assess risk exposures.

No. The Fund's return depends on general market trends and the performance of underlying investments. As the Fund Manager has no influence over changes in the market, it is impossible to guarantee any rate of return on investment.

Every Unitholder shall be entitled to a Statement of Unit Holding, which constitutes evidence of their title to the number of Units subscribed. Statements are issued by the Registrar (FSL Registrars Limited). The Fund Manager also provides online access via our fund portal.

The Fund seeks to make distributions on income (after expenses) quarterly to Unitholders. You can choose to:

• Reinvest the income into the Fund for additional Units, or
• Have the income credited to your bank account via electronic means.

The Fund offers the following benefits:

• Professional portfolio management
• Diversification across asset classes
• Moderate capital growth and income generation
• Liquidity through the ability to redeem Units
• Tax-efficient distributions (dividends are exempt from income tax pursuant to Section 162(1)(b) of the NTA)
• Regular quarterly income distributions
• Convenience and flexibility in entry and exit
• Adequate regulatory monitoring (SEC, Trustee, and Custodian oversight)
• Fund management separate from custody of assets

Any fees, expenses, charges, costs to be incurred in relation to the Fund shall not exceed three-point five percent (3.5%) of the Net Asset Value.

Pursuant to Section 162(1)(b) of the Nigeria Tax Act (NTA), dividends distributed by an authorized investment scheme are exempt from income tax. Consequently, no obligation arises to withhold tax on distributions made to both corporate and individual Unitholders.

The Fund is open to Institutional Investors and High-Net-Worth Investors seeking:

• Exposure to commodity markets for income generation
• Portfolio diversification benefits
• Inflation protection
• A professionally managed commodities portfolio

This Fund is suitable for investors with a medium to high risk tolerance who understand and are willing to accept the volatility associated with the commodities market.

The Fund invests in the following asset classes: Securitized Commodities, Commodities-linked Fixed Income Instruments, Commodities-linked Equities and/or Exchange Traded Commodities.

The minimum subscription is ₦5,000,000, and subsequent subscriptions must be in multiples of ₦1,000,000.

Investors can purchase Units of the Fund through the Fund Manager (FSL Asset Management Limited) or any of its designated agents/representatives. You may:

• Visit our office at Plot 688 Ahmodu Tijani Close, Off Sanusi Fafunwa Street, Victoria Island, Lagos
• Contact us via email at assetmanagement@fsl.ng
• Call us on +234 (0) 812 473 2712

Yes, you can redeem your investment in part or whole on any Business Day. You will be required to complete and lodge the Redemption Notice with the Fund Manager. Redemption payments shall be made within five (5) Business Days following receipt of the redemption notice.

However, there is a 90-day lock-in period from the date of initial registration during which investors shall not exit or redeem their investment. Unitholders who redeem their Units within 90 days of subscription shall forfeit 40% of accrued interest earned on the redeemed Units. The minimum permissible holding after partial redemption is 1,000,000 Units.

Yes, you can increase your investment periodically after the initial subscription. Additional purchases must be in multiples of 1,000,000 Units.

The Fund is managed by FSL Asset Management Limited, one of Nigeria's leading asset management companies licensed as a Fund/Portfolio Manager by the Securities & Exchange Commission (SEC) of Nigeria. The Fund is actively managed by a team of experienced portfolio managers, with all investment and divestment decisions made in consultation with the Investment Committee.

Unit Trusts in Nigeria are regulated by the Securities & Exchange Commission (SEC). The interest of investors is further protected by the Trustee, who supervises the activities of the Fund Manager. Additionally, an independent Custodian holds and safeguards the assets of the Fund.

The Fund employs an actively managed strategy aimed at achieving sustainable returns through:

• Diversified Asset Allocation: Investing across a broad range of income-generating asset classes including securitized instruments, commodities-linked fixed income securities, and other eligible investment products
• Active Portfolio Management: Continuously monitoring market and economic indicators to identify opportunities for superior returns
• Credit Quality and Risk Management: Focusing on high-quality, investment-grade securities with rigorous due diligence and internal risk controls
• Duration and Liquidity Management: Maintaining an appropriate balance between short, medium, and long-term instruments
• Commodities-Linked Investments: Providing both income and inflation protection through structured instruments

The Fund employs a robust risk management framework to address the inherent risks.

No. The Fund's return depends on commodity price movements, market trends, and the performance of underlying investments. Commodities markets are inherently volatile, and returns cannot be guaranteed. The Fund Manager exercises all necessary care and diligence but cannot guarantee investment returns.

Every Unitholder shall receive a Statement of Unit Holding, which constitutes evidence of title to the number of Units subscribed. The Fund Manager also provides online access via our fund portal and mobile application.

The Fund seeks to distribute net income semi-annually (twice a year) to Unitholders, subject to profits realized. You can choose to:

• Receive the distribution in your designated bank account, or
• Reinvest the distribution into the Fund for additional Units

The Fund's performance is evaluated against a composite benchmark consisting of:

• 50% weighting of the yield on the most liquid 3-year Federal Government of Nigeria (FGN) Bond
• 25% weighting based on the performance of the AFEX Commodity Index
• 25% weighting based on the total return of an equally weighted basket of four commodity-related companies

The Fund offers the following benefits:

• Flexibility: Open-ended structure allowing freedom of entry and exit (subject to minimum holding periods)
• Professionalism: Managed by qualified professionals striving to maximize returns
• Convenience: Access to a varied suite of commodities products with a minimum investment of ₦5,000,000
• Diversification: Mitigates investment risk by investing across a diverse range of securitized commodities
• Income Generation: Aims to generate income through income-generating and relatively low-risk commodity-based instruments
• Inflation Protection: Commodities investments can serve as a hedge against inflation
• Professional Portfolio Management: Expert management with Investment Committee oversight
• Adequate Regulatory Monitoring: SEC, Trustee, and Custodian oversight

Any fees, expenses, charges, costs to be incurred in relation to the Fund shall not exceed three-point five percent (3.5%) of the Net Asset Value.

Pursuant to Section 162(1)(b) of the Nigeria Tax Act (NTA), dividends distributed by an authorized investment scheme are exempt from income tax. Consequently, distributions made by the Fund to Unitholders shall not be subject to further companies' income tax in the hands of Unitholders.