The Cordros Dollar Fund is an actively managed open-ended unit trust scheme whose main objective is to achieve capital appreciation in the medium to long term for Investors with USD. The Fund will manage the asset allocation in Sovereign Eurobonds, Corporate Eurobonds, money market instruments, and other quoted corporate Eurobonds. Returns from Eurobonds will be accumulated as income and distributed periodically as stated in the Trust Deed. The income from investing this fund by way of dividends and cash would be accumulated and reflected in its unit price.

The Cordros dollar fund will deliver capital appreciation in the medium to long term for investors with USD and also significantly higher returns than what is obtainable from the average domiciliary account in the local banks. The fund will also give investors liquidity, diversification, annual income, and professional portfolio management.

The Cordros Dollar Fund is managed by Cordros Asset Management Limited, a wholly- owned subsidiary of Cordros Capital Limited, currently licensed by the Securities & Exchange Commission as a fund/portfolio management company. Since incorporation, the fund manager has demonstrated competence in managing clients’ investment needs with its range of products and services.

The issue price is $100 per unit.

The minimum initial investment for the offer is 5 units of the fund while additional/subsequent investments are issued in multiples of 5 units and payable in full upon subscription.

The minimum holding period of an investment in the fund is 180 days (6 months) from the date of subscription. However, an early redemption fee of 1.5% on the redemptive value of the units can be redeemed before the expiration of the minimum investment period.

Investors can subscribe to units of the fund after the initial offering period from the Fund Manager or any of its designated agents/representatives or through any medium that may be approved and provided by the Fund Manager from time to time. Payment for Units of the Fund can be made via a wire transfer made following instructions on the subscription form.

Every Unit-Holder is entitled to a statement of unit holding, with respect to the number of units held by him/her as specified on such documents. Joint unit holders are entitled to one statement in respect of the units held jointly by them which will be delivered to the joint holder whose name first appears on the Register.

Unit Holders can visit the Fund Manager’s website www.assetmanagement.cordros.com to monitor end-of-day market prices of the Fund. Also, you can track your investments from your PortfolioLive account which will be created for every investor.

The fund would invest its total assets in Sovereign Eurobonds, Corporate Eurobonds, Money Market Instruments and Cash as stated below:

Determination of returns of the Fund is dependent upon key macro-economic indicators, interest rates of the financial markets, and comparable investment returns in the market. The Fund Manager does not influence these factors. Accordingly, it is impossible to guarantee any particular rate of return on the investment. However, the Fund Manager will strive to maximize competitive returns to unit-holders.

The Fund Manager intends tod distribute income (less expense) as dividends to Unit Holders on an annual basis. The Unit-Holders shall have the option to elect to be paid dividends or to reinvest their dividends in new Units at the Offer Price. Unit-Holders who elect to have their dividends reinvested in new Units shall be entitled to an issue of Units that shall be equal in value to the amount they otherwise would have received in cash as a dividend.

Unit-holders can sell their units in the Fund after the initial 180-day holding period. Unit- holders have the right to redeem all or part of the Units held by them at the Bid Price on any Business Day, provided redemption documents received are in accordance with the instructions specified by the Fund Manager from time to time. Minimum permissible holding after partial redemption is 5 units or such balance as advised by the Manager from time to time. The Fund will make redemption payments within 5 (five) Business Days of receipt of the Redemption Notice.

Yes, periodic contributions can be made. The Fund is open-ended, and there is no closing date.

The Fund, like all Unit Trust Schemes in Nigeria, will be regulated by the SEC. In addition, a Trustee, STL Trustees Limited has been appointed to act on the behalf of unit-holders, legally ensuring that the fund is managed in the best interests of unit-holders and accordance with the provisions of the Trust Deed.

The trustee of the fund is STL Trustees Limited. The trustees have a legal duty to protect the interest of the unit-holders. Their activities would include ongoing supervision of compliance with the investment policies of the fund.

The fund is targeted at Retail, Mass Affluent, High Net Worth Individuals, Africans in Diaspora, and Institutional Investors who desire to meet future medium to long term liabilities. The fund is structured to pay dividends annually, thereby giving investors a medium-term investment horizon, liquidity, and maximum capital appreciation.

An investment in the Fund can be made by completing a subscription form and making payment into any of the account details below. Completed subscription forms, with KYC documentation (a valid means of identification, utility bill, and a passport photograph) and evidence of transfer are required to be sent to Cordros Asset Management Limited or by mail to [email protected].
To subscribe online, visit apply.cordros.com.