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Sapphire Fund

The BGL Sapphire Fund aims to achieve competitive returns for investors interested in earning attractive returns in the medium to long term by investing in a diversified portfolio of investment grade fixed income securities. The principal sum invested in the Fund is guaranteed against any diminution in value, provided the Units are held for a minimum of three (3) months.
The Fund is open-ended and investors are at liberty to subscribe to its units through the Fund Manager or any other Agents approved by the Fund Manager.

 

Sapphire Fund Profile

FUND MANAGER	BGL Asset Management Limited
ISSUING HOUSE	BGL Plc
TRUSTEE	UBA Trustees Limited
UNITS OF SALE	N10,000 and multiples of N1,000
STRUCTURE	Open ended; Medium to long term horizon
INVESTMENT	Up to 75% in Bonds, 25% invested in fixed income securities
LOCK-IN PERIOD	3 Months (90 days)
TARGET	The Fund is appropriate for investors with low risk appetite who wish to avail themselves of the opportunities of earning attractive returns in the money market

 

Sapphire Fund Projection

SAPPHIRE FINANCIAL HIGHLIGHTS	2011 N'000	2012 N'000	2013 N'000
NAV	2,000,000	2,124,756	2,313,835
UNDISTRIBUTED INCOME	124,756	189,079	252,646
NAV at end of year	2,124,756	2,313,835	2,566,481
Dividend Per Share	2K	2K	3K
Earnings Per Share	8K	12K	16K
Earnings Yield	8%	12%	16%
Dividend Yield	8%	2%	3%

 

Sapphire Fund Benefits

The BGL Sapphire Fund offers investors the following benefits:

• No risk of principal loss as this principal is guaranteed
• Improves investors savings habits by encouraging proper financial planning
• Mitigates long term financial commitments, thereby preventing high interest rates borrowing
• Exposes investors to a rapidly growing bod market at a reduced cost of participation in the fixed income market

STEPS	SAPPHIRE FUND SUBSCRIPTION PROCESS	SAPPHIRE FUND REDEMPTION PROCESS
1	Obtain subscription forms (downloadable / hard copy)	Obtain redemption forms (downloadable / hard copy)
2	Complete subscription form and sign appropriately	Complate redemption form and sign appropriately
3	For payments below N10 million, cheque should be raised in favour of 'BGL Nubian Fund' and both submitted to BGL Asset Management Limited directly or through a recognised agent	Forward redemption form together with original certificate to the Fund manager
4	Offer price on the date of cheque clearing will be applied in ascribing units in the Fund	Bid price on the prior trading date before submission will be applied in redeeming units to the Fund
5	Certificate will be issued by the registrars and delivered in accordance wit the mail preference expressed by the investor	For payments below N10 million, cheque will be raised in favour of 'Subscriber' and collected from BGL Asset Management Limited with valid identity documentation
6	Additional/subsequent subscriptions will be evidenced by new certificates for teh new subscription

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