Plot 183 Moshood Olugbani Street, Victoria Island, Lagos
STL Money Market Fund
STL Money Market Fund (STL MMF) is a Collective Investment Scheme that seeks to give investors access to gain the required investment benefits from a portfolio of money market instruments at low risk.
The investment objective of the STL MMF is to seek current income and preserve investment capital while maintaining high liquidity.
STL MMF creates and offers units to prospective investors. Also, STL MMF is open-ended as it allows investors to buy and sell these units continuously from the Fund Manager, STL Asset Management Limited.
STL MMF is authorized and regulated by the Securities and Exchange Commission (SEC).
SUMMARY OF THE STL MMF:
METHOD OF ACCESS | Purchase of Units from the Fund Manager Zero charges on Purchase |
UNITS FOR PURCHASE | Minimum of 50 units |
UNIT PRICE | N100.00 (always as the price doesn’t change) |
AVAILABILITY OF UNITS | Continuously |
TARGET INVESTORS | Investors who are interested in a steady stream of income at Money Market rates while preserving the value of their investments. Marketable to Retail Investors, High-Net-Worth Individuals, and Institutions. |
DISTRIBUTIONS | STL MMF will distribute the income that has accrued on investment capital quarterly. Investors have the option of either receiving their Accrued Interest via electronic transfer or reinvesting same to purchase additional units. |
METHOD OF EXIT | Investors shall have the right to sell all or part of the Units to the Fund Manager at the Unit Price. The minimum permissible holding after partial sale is 50 Units. Zero charges on Sale. |
MINIMUM INVESTMENT PERIOD | The minimum investment period in the STL MMF is 30 days. The sale of Units within the minimum investment period would attract a penalty of 20% charge on the return earned. The minimum investment period commences from the day of the purchase of Units. |
UNDERLYING INVESTMENTS | Nigerian Treasury Bills Promissory Notes issued by the Federal Government of Nigeria Bank Placements Commercial Papers Other Money Market Instruments |
Kindly click here to view the Prospectus of the STL MMF. To start investing, please click here.
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