Mutual Funds

The Norrenberger Money Market Fund(“the Fund” or “NMMF”) is a collective investment scheme, registered with the Securities and Exchange Commission (SEC). The Fund aims to preserve investors’ capital whilst providing liquidity and competitive returns on its assets by investing in a diversified portfolio money market instruments. The Fund invests in Nigerian short-term money market instruments such as Federal Government Treasury Bills, Bankers’ Acceptance, Commercial Papers, Certificate of Deposit, and other instruments introduced and approved by the Central Bank of Nigeria (CBN) from time to time.

The Fund pools funds from several investors and invests them in money market instruments. The pool of funds allows for better negotiation power and higher returns which maximizes the income to subscribers.

The Fund is managed by Norrenberger Investment and Capital Management Limited (“NICML”). The Trustee to the Fund is UTL Trust Management Services Limited while the Custodian is UBA Global Investor Services Limited.
• Fund Manager – NICML
• Trustee – UTL Trust Management Services Limited
• Custodian – UBA Global Investor Services.

The benefits of investing in the Norrenberger Money Market Fund include:

Affordability and Accessibility: The NMMF is affordable as you can subscribe to the Fund with as low as N5,000.00. There is no maximum
amount you can invest. You can also make additional investments subsequently of N1,000.00. The Fund is open-ended which means that you can subscribe and redeem your investment at any time.

Competitive Returns: The Fund Manager expects the yields on the Fund to be more competitive than interest rates on savings accounts. The Benchmark return for the Fund is the average yield of 91-day FGN Treasury bills plus a 100 basis points.

Liquidity: The Fund invests in securities that can quickly be converted to cash, as such, it is very liquid. Investors can buy and sell their investment with ease. Redemption from the fund takes 2-3 working days from the date of receipt of the duly completed redemption
form.

Safety and Capital Preservation: The risk profile of the fund is low as it invests in short term money market instruments that preserve your
investment.

Diversification: The Fund holds a portfolio of money market instruments, hence, investors enjoy the benefits of holding a diversified portfolio whilst minimizing risks.

Professional Management Expertise: By investing in the Fund, you benefit from the professional fund management expertise and service of the Fund Manager.

No. The return on the Fund depends on money market trends and interest rates obtainable in the Nigerian Financial Market. The Fund Manager has no influence over changes in interest rate. Thus, it is impossible to guarantee the rate of return on the investment.

Investment into the Fund can be made through the Fund Manager by completing a Subscription Form which is available online at www.norrenberger.com. Online application and payment is also available via the website. Subscribers are to provide supporting documents (passport photograph, valid means of ID and recent proof of address).

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:UBA PLC
Account Name: Norrenberger Money Market Fund/UTL Trust Management Services Limited
Account Number: 102-296-2235

You can make additional subscription by completing a subscription form and attach evidence of fund transfer or a cheque or bank draft made payable to Norrenberger Money Market Fund for the amount you wish to invest. You can also set up a Direct Debit by completing the Direct Debit Form, available on our website.

The forms are available at the offices of Norrenberger at no cost. The forms can also be downloaded from our website www.norrenberger.com.

Yes, it is possible to invest for your children, other family members and friends.

You can apply as a corporate body/entity or make a joint application (for up to a maximum of four individuals) depending on the nature of the group. Please note that the Unitholding Statement and any distribution or redemption proceeds will be issued in the name of the applicant(s), that is, the company, entity, or joint name. These persons would have to determine how such should be shared.

The offer price is N100 and remains constant through the life of the Fund.

Yes, you get an investment confirmation. A Fund Statement or statement of unit holding indicating the amount invested by you and other subscription details will be forwarded to you via the email address provided on your subscription form.

Dividends are paid to subscribers of the Fund on a quarterly basis. Subscribers have the option of receiving their dividend as cash into their registered bank account(s) or reinvesting them in the fund.

As a subscriber to the Fund, you will receive a statement of account monthly. You can also view and/or print your statement of investment online at any time.

The value of your investment reflects both principal and accumulated interest and it is displayed on your account dashboard assessable online on our website.

You will be required to complete a Redemption Form or login to your online account to redeem part or all of your units in the fund. Once these documents have been verified, the redemption request will be processed within 2-3 working days.

The minimum amount that can be left in the Fund after a withdrawal is N5,000.

No. The Fund Manager, Norrenberger Investment and Capital Mgt Ltd, makes all the investment decisions based on guidelines set out in the Fund’s Trust Deed.

Yes, many banks will accept investment in the the Fund as collateral, however, this depends on each bank’s lending policy.

No, the Fund is not listed in the Daily Official Memorandum list of The Nigerian Stock Exchange. The Fund Manager can take steps to list at any time.

Yes, our management fee is 1.5% p.a of the net asset value of the fund.

Kindly send an email to customerservice@norrenberger.com, highlighting the error and the corrections will be made immediately.

The assets of the Fund are held with a custodian, UBA Bank for Africa (Global Investor Services Limited). There are other professional parties to the fund who ensure necessary checks and balances.

You can speak to your Relationship Manager or send an email to customerservice@norrenberger.com.

The Norrenberger Dollar Fund, approved by the Securities and Exchange Commission (SEC) is an open-ended mutual fund designed to provide Investors with capital preservation, liquidity, and diversification while providing a competitive return on investment. The Fund is flexible as there is free entry and exit for investors subject to the prevailing Fund price.

The Fund pools funds from several investors and invests them in Eurobonds and other dollar-denominated instruments. The pool of funds allows for better negotiation power and higher returns which maximizes the income to subscribers.

The Fund is managed by Norrenberger Investment and Capital Management Limited (“NICML”). The Trustee to the Fund is DLM Trust Company Limited while the Custodian is Stanbic IBTC Bank PLC and Solicitor is The Metropolitan Law Firm.

The benefits of investing in the Norrenberger Dollar Fund include:

Affordability and Accessibility: The Norrenberger Dollar Fund is affordable as you can subscribe to the Fund with as low as $500. There is no maximum amount you can invest. You can also make additional investments subsequently of $100. The Fund is open-ended which means that you can subscribe and redeem your investment at any time.

Competitive Returns: The Fund Manager expects the yields on the Fund to be more competitive than interest rates on domiciliary accounts. The Benchmark return for the Fund is the average yield of 5-year Nigerian Eurobond.

Liquidity: The Fund invests in securities that can quickly be converted to cash, as such, it is very liquid. Investors can buy and sell their investment with ease. Redemption is treated within 5 working days of receipt of completed redemption form.

Safety and Capital Preservation: The risk profile of the fund is low as it invests in Eurobonds and other dollar-denominated instruments that preserve your investment.

Diversification: The Fund holds a portfolio of Eurobonds and other dollar-denominated instruments, hence, investors enjoy the benefits of holding a diversified portfolio whilst minimizing risks.

Professionally Managed Fund: By investing in the Fund, you benefit from the professional fund management expertise and service of the Fund Manager.

No. The return on the Fund depends on market trends and interest rates obtainable in the Global Market. The Fund Manager has no influence over changes in interest rate. Thus, it is impossible to guarantee the rate of return on the investment.

Investment into the Fund can be made through the Fund Manager by completing a Subscription Form which is available online at www.norrenberger.com. Online application and payment is also available via the website. Subscribers are to provide supporting documents (passport photograph, valid means of ID and recent proof of address).

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: Stanbic IBTC Bank PLC
Account Name: DLM TRUST COMPANY LIMITED/ NORRENBERGER DOLLAR FUND
Account Number: 0040306013

You can make additional subscription by completing a subscription form and attach evidence of fund transfer or a cheque or bank draft made payable to Norrenberger Dollar Fund for the amount you wish to invest. You can also set up a Direct Debit by completing the Direct Debit Form, available on our website.

The forms are available at the offices of Norrenberger at no cost. The forms can also be downloaded from our website www.norrenberger.com.

Yes, it is possible to invest for your children, other family members and friends.

You can apply as a corporate body/entity or make a joint application (for up to a maximum of four individuals) depending on the nature of the group. Please note that the Unitholding Statement and any distribution or redemption proceeds will be issued in the name of the applicant(s), that is, the company, entity, or joint name. These persons would have to determine how such should be shared.

Yes, you get an investment confirmation. A Fund Statement or statement of unit holding indicating the amount invested by you and other subscription details will be forwarded to you via the email address provided on your subscription form.

Dividends are paid to subscribers of the Fund on a quarterly basis. Subscribers have the option of receiving their dividend as cash into their registered bank account(s) or reinvesting them in the fund.

As a subscriber to the Fund, you will receive a statement of account monthly. You can also view and/or print your statement of investment online at any time.

The value of your investment reflects both principal and accumulated interest and it is available online or on your Fund Statement.

You will be required to complete a Redemption Form or login to your online account to redeem part or all of your units in the fund. Once these documents have been verified, the redemption request will be processed within 5 working days but the Fund Manager has an internal policy to expedite withdrawal requests.

There are no penalties for withdrawals after the 90 days lock-in period. However, A penal charge of 20% flat on the accrued dividend is payable on any redemption effected within 90 days of subscribing to the Fund.

No. The Fund Manager, Norrenberger Investment and Capital Mgt Ltd, makes all the investment decisions based on guidelines set out in the Fund’s Trust Deed.

Yes, many banks will accept investment in the the Fund as collateral, however, this depends on each bank’s lending policy.

No, the Fund is not listed in the Daily Official Memorandum list of The Nigerian Exchange Limited. The Fund Manager can take steps to list at any time.

Yes, our management fee is 1.5% p.a of the net asset value of the fund.

The assets of the Fund are held with a custodian, Stanbic IBTC. There are other professional parties to the fund who ensure necessary checks and balances.

• Ease of access to Shariah Compliant Securities.
• Ethical Investing.
• Stable income & liquidity.
• Capital appreciation.
• Investment diversification.
• Low risk.

During the IPO, investors will be required to fill the initial public offering application form, provide KYC documents, and transfer funds to designated accounts. After the IPO, investors can invest in the Fund by filling the subscription form for our Mutual Funds as well as providing supporting documents (passport photograph, valid means of ID, proof of address and proof of payment). Investors will also be able to invest in the Fund after the IPO through any of our digital channels.

The Fund will only invest in Shariah Compliant securities and investment products that are permissible under Shariah principles. Some of these include:

• Sukuk: These are certificates of equal value representing undivided shares in the ownership of tangible assets or special investment activity. The holder of the certificate is entitled to receive periodic returns s from the underlying asset. Some of the Sukuks to be considered by the Fund will be in the following forms:
• Ijarah: These are contracts for the lease of certain compliant assets to customers. The investor earns rent by charging rentals on the asset leased to the
• Mudaraba: This means an agreement between two parties wherein one party provides the capital (Capital provider/ Rab al-Mal) for the other (entrepreneur / Mudarib) to work with on the condition that the profit will be shared between them according to a pre-agreed ratio.
• Murabaha: This is the sale of goods at the purchase price plus a margin of profit agreed upon by the parties concerned.
• Musharaka: This means a relationship established under a contract by the mutual consent of two or more entities that provide capital, either in cash or in-kind, to finance a business venture. Any profits derived from the venture will be distributed based on a pre-agreed profit-sharing ratio, however, a loss will be shared on the basis of equity participation.
• Istisna: This is a contractual agreement for the manufacturing of goods (or construction of projects including houses, roads and bridges), allowing cash payment in advance and future delivery or a future payment and future delivery.
• Shariah-Complaint fixed-term Investments: This represents fixed-term investments with tenors of 1, 2 or 3 years, not exceeding 3 years, depending on the nature of asset financing that adheres to Shariah principles. The Fund will also invest in asset-backed transactions such as real estate, lease contracts, cost-plus financing, and other similar transactions.
• Cash and Other Shariah-Compliant Contracts: The Fund will invest in Shariah-Compliant contracts with tenors less than 365 days that adhere to Shariah principles. Any uninvested cash will be held in non-interest-bearing accounts or near cash Islamic complaint deposits.

An Advisory Committee of Experts (“ACE”) comprised of renowned Islamic scholars with national and international experience will oversee the investment activities of the Fund. The ACE will issue a certificate of compliance on the Fund annually. The Fund is also overseen by an Independent Trustee who reviews the investments and activities of the Fund on a quarterly basis to provide assurance.

The Fund is an open-ended Collective Investment Scheme with no fixed tenor. Investors can subscribe and redeem from the Fund daily.

There is a lock-in period of six months (180 days) from the Allotment Date during which investors should not exit or redeem their Investment. Investors that want to exit before the lapse of the six months lock-in period, will be charged 20% flat on the accrued income.

The Fund will periodically distribute net income to Unitholders in line with guidelines in the Trust Deed.

 Yes. The Fund is suitable for all ethically-minded individuals and institutions.

 All Collective Investment Schemes issued by licensed Fund Manager including NIF are regulated by the SEC.

The Fund’s return will mirror the return on the group of Shariah-compliant securities in issue.

Yes. NICML’s Management fee is 1.50%p.a. of the Net Asset Value (“NAV”).

The Norrenberger Turbo Fund (“the Fund” or “NTF”) is a collective investment scheme, registered with the Securities and Exchange Commission (SEC). The Fund aims to attain income generation while maintaining liquidity, diversification, and competitive return. The Fund invests 100% of its assets in short, medium and long-term instruments, including securities issued by Federal and State Governments, and Corporate Entities.  

The Fund pools funds from several investors and invests them in fixed income securities and other money market instruments. The pool of funds allows for better negotiation power and higher returns which maximizes the income to subscribers. 

• Affordability and Accessibility: The NTF is affordable as you can subscribe to the Fund with a minimum of 50 units at the offer price. Investing in the Fund allows participation in the bond markets with lower initial investments compared to directly purchasing individual bonds. There is no maximum amount/unit for investment. You can also make additional investments subsequently of 10 units as the offer price. The Fund is open-ended, which means that you can subscribe and redeem units of investment at the prevailing bid and offer prices at any time. 

• Competitive Returns: The Fund Manager expects the yields on the Fund to be more competitive than a traditional money market fund. The Benchmark return for the Fund is the yield on the 3-year Federal Government of Nigeria Bond.  

• Liquidity: The fund invests in securities that can be quickly converted to cash; therefore, it is fairly liquid. Investors can buy and sell their investments with ease. Redemption from the fund takes a maximum of five working days from the date of receipt of the duly completed redemption form, however, most redemption processes do not exceed 48 hours. 

• Risk management: The risk profile of the NTF is moderately conservative. This is primarily because it invests in government-backed bonds and corporate bonds with high credit ratings. 

• Diversification: The Fund holds a portfolio of short, medium and long-term instruments; hence, investors enjoy the benefits of holding a diversified portfolio whilst minimizing risks. 

• Professional Management Expertise: By investing in the Fund, you benefit from the professional fund management expertise and service of the Fund Manager.  

No, the Fund is not listed in the Daily Official Memorandum list of The Nigerian Exchange. The Fund Manager can take steps to list at any time.  

• The Fund Manager: Norrenberger Investment and Capital Management Limited (“NICML”).  
• The Trustee to the Fund: DLM Trust Company Limited  
• Custodian: UBA Global Investor Services Limited.  

The assets of the Fund are held with a Custodian, United Bank for Africa (Global Investor Services Limited). There are other professional parties to the fund who ensure necessary checks and balances. 

No, the return on the Fund depends on the average return on the fixed income and money market instruments in the portfolio as a result of interest rates obtainable in the Nigerian Financial Market. The Fund Manager has no influence over changes in interest rates. Thus, it is impossible to guarantee the rate of return on the investment. 

There are no penalties for withdrawals after the 90 days lock-in period. However, a penal charge of 20% flat on the accrued interest is payable on any redemption effected within 90 days of subscribing to the Fund. 

The minimum amount that can be left in the Fund after a withdrawal is 50 units. 

No. The Fund Manager, Norrenberger Investment and Capital Mgt Ltd makes all the investment decisions based on guidelines set out in the Fund’s Trust Deed. 

Yes, many banks will accept investment in the Fund as collateral, however, this depends on each bank’s lending policy. 

Yes, the management fee is 1.5% per annum of the net asset value of the fund. 

The offer price at the commencement date is ₦100 per unit and thereafter the offer price at the date of investment.  

Dividends are paid to subscribers of the Fund on a quarterly basis. Subscribers have the option of receiving their dividend as cash into their registered bank account(s) or reinvesting them in the fund. 

The minimum lock-in period is 90 days.