Mutual Funds
We offer a range of pooled investment products for both individual and institutional investors regardless of their income, risk appetite and investment goal. They are suitable for investors who want to make disciplined regular investments towards future financial goals. You can either invest a lump sum or save on a regular basis. Our mutual funds are regulated by the Securities and Exchange Commission (SEC) of Nigeria.
Our goal is to understand your needs and match your objectives to our mutual funds.
The CardinalStone Balanced Fund is an authorized open-ended collective investment scheme registered with the Securities and Exchange Commission. The Fund will be governed by a Trust Deed. As an open-ended fund, units of the Fund will be continuously issued to investors and the units held by investors will be redeemable through the Fund Manager, CardinalStone Asset Management Limited.
The objective of the fund will be to provide investors with moderate capital growth and/or income generation over the long term by investing in a diversified pool of quoted and unquoted public securities trading on either the Nigerian Exchange or the NASD OTC Securities Exchange and fixed income (subject to a minimum allocation of 20%) or money market securities.
Fund Features
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Fund Benefits
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Target Subscribers |
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Fund Trustees | Leadway Capital & Trusts Ltd |
Fund Custodian | Zenith Bank Plc |
Fund Registrar | CardinalStone Registrars Limited |
For more information, please click to download the Prospectus and FAQ.
The CardinalStone Fixed Income Alpha Fund is an authorized open-end collective investment scheme registered with the Securities and Exchange Commission. The Fund will be governed by a Trust Deed. As an open-ended fund, units of the Fund will be continuously issued to investors and the units held by investors will be redeemable through the Fund Manager, CardinalStone Asset Management Limited.
The objective of the Fund is to provide investors with steady return on capital, liquidity and capital preservation by investing in a diversified portfolio of high-quality short-term money market instruments and long-term fixed income instruments which will include Sovereign Treasury Bills, Fixed deposits, Certificate of deposits, Commercial papers, Collateralized repurchase agreements, Banker’s acceptances, Corporate Bonds, State Bonds, Sovereign Bonds and any other instrument approved by the SEC.
Fund Features
| Fund Values as at 2024-Aug-01 | |
Effective Yield | Unit Price | |
6.25% | NGN 1.0381 | |
Fund Benefits
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Target Subscribers | Retail Investors who require a safe, stable, liquid and reliable investment alternative to bank deposits and access to higher-yielding capital protected instrument. High-Net Worth Individuals who are keen on a credible cash management vehicle into which idle cash balances or cash required for future needs can be deposited. Institutional Investors such as corporates, partnerships, non-profit organizations, governmental agencies, and financial institutions, who seek to diversify their cash equivalents holdings. |
Fund Trustees | Leadway Capital & Trusts Ltd |
Fund Custodian | Zenith Bank Plc |
Fund Registrar | CardinalStone Registrars Limited |
For more information, please click to download the Product Paper, Prospectus and FAQ.
The CardinalStone Dollar Fund is a US Dollar denominated Open-Ended Fund whose main objective is to provide Investors capital preservation, liquidity, and diversification while providing competitive return on investment. The Fund shall invest in FGN Eurobonds and Nigerian Dollar Money Market Instruments.
The objective of the Fund is to provide Investors with an avenue to gain exposure to Nigerian Government and corporate Eurobonds whilst ensuring dollar cash flows and optimization of returns to investors. The Fund will also provide investors access to diversify their portfolio and inome streams whilst providing for capital preservation.
Fund Features
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Fund Benefits
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| Target Subscribers | Retail Investors: Seeking a secure, stable, liquid, and reliable alternative to bank deposits with access to higher-yielding capital-protected instruments. High-Net Worth Individuals: Interested in a credible cash management vehicle for depositing idle USD cash balances or funds earmarked for future needs. Foreign and Local Institutional Investors: Including corporates, partnerships, non-profit organizations, governmental agencies, and financial institutions, aiming to diversify their cash equivalents holdings. |
| Fund Trustees | STL Trustees Limited |
| Fund Custodian | Standard Chartered Bank |
| Fund Registrar | CardinalStone Registrars Limited |
For more information, please click to download the Prospectus, Trust Deed and FAQs.
The CardinalStone Equity Fund is duly authorized and registered in Nigeria as an open-ended Unit Trust Scheme under section 160 of the ISA.
The Fund seeks to deliver real returns and achieve long term capital appreciation of its assets by investing in a diversified pool of quoted and unquoted public securities trading on either the Nigerian Exchange or the NASD OTC Securities Exchange (subject to a minimum allocation of 70%) and fixed income or money market securities.
Fund Features
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Fund Benefits
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| Target Subscribers | Prudent Investors with High-Risk Appetite: Individuals seeking capital appreciation through a diversified portfolio of quoted and unquoted equities. Retail Investors: Those in search of a secure, stable, liquid, and reliable alternative to bank deposits, desiring access to higher-yielding capital protected instruments. High Net Worth Individuals: Individuals looking for a credible cash management vehicle to deposit idle cash balances or funds needed for future needs. |
| Fund Trustees | Leadway Capital & Trusts Ltd |
| Fund Custodian | Zenith Bank Plc |
| Fund Registrar | CardinalStone Registrars Limited |
For more information, please click to download the Prospectus, Trust Deed and FAQs.
The CardinalStone Money Market Fund is an authorized open-end collective investment scheme registered with the Securities and Exchange Commission. The Fund will be governed by a Trust Deed. As an open-ended fund, units of the Fund will be continuously issued to investors and the units held by investors will be redeemable through the Fund Manager, CardinalStone Asset Management Limited.
The objective of the Fund will be to provide investors with capital preservation and steady streams of income derived from investments in money market instruments issued by the Federal Government and in highly rated instruments from financial and non-financial institutions rated by a registered rating agency as may be specified from time to time by the Commission. The Fund shall have a minimum allocation of 25% to Federal Government of Nigeria Treasury Bills and a maximum allocation of 75% to other money market instruments.
Fund Features
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Fund Benefits
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| Target Subscribers |
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| Fund Trustees | Leadway Capital & Trusts Ltd |
| Fund Custodian | Zenith Bank Plc |
| Fund Registrar | CardinalStone Registrars Limited |
For more information, please click to download the Prospectus and FAQs.
