Unit Trust Funds. Money Market Fund. Fund Size: Annual Management Fees: Minimum Investment: 1-month performance: KES 5.25 Billion.

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1 Fact Sheets

2 Unit Trust Funds Money Market Fund Fund Objective Annual Management Fees: Minimum Investment: 1-month performance: KES 5.25 Billion The fund invests in interest bearing securities and other short term money market instruments. The fund is low risk offering higher yields than savings accounts, income stability and immediate liquidity 2.5% KES 1,000/ USD 100 (Diaspora Investors) % (Annualized)

3 Unit Trust Funds Bond Plus Fund Fund Objective Annual Management Fees: Minimum Investment: 1-month performance: KES 205 Million The fund invests in interest bearing securities, and other securities that are consistent with the portfolio s investment policy. The fund is low risk offering high yields, income stability and immediate liquidity. 2.5% KES 1,000/ USD 100 (Diaspora Investors) 0.87%

4 Unit Trust Funds Balanced Fund Fund Objective Annual Management Fees: Minimum Investment: 1-month performance: KES 1.20 Billion The fund invests in listed companies and fixed income securities. The fund will have a bias towards equities offering long term value. The fund aims to offer superior returns over the long term by maximizing long term capital growth. 2.5% KES 1,000/ USD 100 (Diaspora Investors) -1.5%

5 Unit Trust Funds Equity Fund Fund Objective Annual Management Fees: Minimum Investment: 1-month performance: KES 2.9 Billion The fund invests primarily in companies listed in the regional Stock Exchanges, which show above average prospects of growth. The fund aims to offer superior returns over the long term by maximizing long term capital growth. 2.5% KES 1,000/ USD 100 (Diaspora Investors) -1.00%

6 August 2018 Fact Sheet Money Market Fund Statutory Disclosure and General Terms and Conditions Report performance is annualised and quoted net of fees. A schedule of fees and charges and maximum commissions is available on request from the Fund Manager. The value of a unit trust may go down as well as up and past performance is not necessarily a guide to the future. Unit trusts are generally medium to long term investments. Its advisable that one consult a financial advisor before making an investment. Unit are traded at the ruling prices. Unit trusts values are calculated on a net asset value basis, which is the total of all assets in the portfolio including any income accrual and less any permissible deductions from the portfolio. The prices, which will apply to an instruction received on a Saturday/Sunday or public holiday will be that of the following Monday/trading day.

7 Fund Manager: Britam Asset Managers Kenya Ltd Launch Date: January 1 st, 2006 KES 5.08 Billion Annual Management Fees: 2.5% Minimum Investment: KES 1,000/ USD 100 (Diaspora Investors) Benchmark: Average return of 91-day T-bill plus 1% Type of Investor: Trustees: Custodian: Individual/Institutional Kenya Commercial Bank Standard Chartered Bank Kenya

8 Fund Objective The fund invests in interest bearing securities and other short term money market instruments. The fund is low risk offering higher yields than savings accounts, income stability and immediate liquidity. MARKET OVERVIEW Money Market Liquidity decreased during the month. The average interbank rate for the month of August rose to 6.9% as compared to 4.8% recorded in the month of July The average rates of the 91- day, 182-day and the 64-day T-bills declined to 7.6%, 9.0% and 10.0% as banks continued to invest spare funds in Treasury bills in light of interest rate caps. Interest Rates The yield curve declined by an average of 16 basis points during the month, with most declines being observed across the long end of the curve. The Central Bank of Kenya (CBK) issued a 10-year (FXD1/2018/10) bond to raise a total of KES 40.0bn. Total bids accepted amounted to KES 19.4bn, at an average rate of 12.69%. Activity in the secondary market declined during the month, with turnover decreasing by 8% to KES 45 billion from KES 49 billion in July Inflation Inflation decreased to 4.04% in August from 4.5% a month earlier on the back of lower food prices, which declined 0.66%, countering 2.56% and 0.87% increases in household and transport prices respectively. Core inflation rose from 4.0% to 4.2%.

9 Yield % Fund Manager: Britam Asset Managers Kenya Ltd Launch Date: April 4 th, 2006 KES 205 Million Annual Management Fees: 2.5% Minimum Investment: KES 1,000/ USD 100 (Diaspora Investors) 14.0 NSE Yield Curve Benchmark: Average return of 91-day T-bill plus 1.5% Type of Investor: 1.0 Individual/Institutional Trustees: Custodian: Kenya Commercial Bank Standard Chartered Bank Kenya Tenure 1-Jul Dec-17 1-Aug-18 Bond Plus Fund

10 und Objective he fund invests in interest bearing securities, financially sound referred shares and other securities that are consistent with the ortfolio s investment policy. The fund is low risk offering high ields, income stability and immediate liquidity. ARKET OVERVIEW ond Market he yield curve declined by an average of 16 basis points during e month, with most declines being observed across the long end f the curve. The Central Bank of Kenya (CBK) issued a 10-year FXD1/2018/10) bond to raise a total of KES 40.0bn. Total bids ccepted amounted to KES 19.4bn, at an average rate of 12.69%. ctivity in the secondary market declined during the month, with rnover decreasing by 8% to KES 45 billion from KES 49 billion in uly flation flation decreased to 4.04% in August from 4.5% a month earlier n the back of lower food prices, which declined 0.66%, ountering 2.56% and 0.87% increases in household and transport rices respectively. Core inflation rose from 4.0% to 4.2%. Statutory Disclosure and General Terms and Condition Report performance is quoted gross of fees, 1 Year and Ye performance is annualised. A schedule of fees and charges a maximum commissions is available on request from the Fu Manager. The value of a unit trust may go down as well as up a past performance is not necessarily a guide to the future. Unit tru are generally medium to long term investments. Its advisable t one consult a financial advisor before making an investment. U are traded at the ruling prices. Unit trusts values are calculated o net asset value basis, which is the total of all assets in the portf including any income accrual and less any permissible deducti from the portfolio. The prices, which will apply to an instruc received on a Saturday/Sunday or public holiday will be that of following Monday/trading day.

11 Fund Manager: Britam Asset Managers Kenya Ltd Launch Date: April 4 th, 2006 KES 1.17 Billion Annual Management Fees: 2.5% Minimum Investment: Benchmark: Type of Investor: Trustees: Custodian: KES 1,000/ USD 100 (Diaspora Investors) Average return of NASI, 91-day T-bill & MSCI ACWI Individual/Institutional Kenya Commercial Bank Standard Chartered Bank Kenya Balanced Fund

12 The fund aims to offer superior returns over the long term by maximizing long term capital growth. MARKET OVERVIEW Interest Rates Liquidity decreased during the month. The average interbank rate for the month of August rose to 6.9% as compared to 4.8% recorded in the month of July The average rates of the 91- day, 182-day and the 64-day T-bills declined to 7.6%, 9.0% and 10.0% as banks continued to invest spare funds in Treasury bills in light of interest rate caps. Inflation Inflation decreased to 4.04% in August from 4.5% a month earlier on the back of lower food prices, which declined 0.66%, countering 2.56% and 0.87% increases in household and transport prices respectively. Core inflation rose from 4.0% to 4.2%. Bond Market The yield curve declined by an average of 16 basis points during the month, with most declines being observed across the long end of the curve. The Central Bank of Kenya (CBK) issued a 10-year (FXD1/2018/10) bond to raise a total of KES 40.0bn. Total bids accepted amounted to KES 19.4bn, at an average rate of 12.69%. Activity in the secondary market declined during the month, with turnover decreasing by 8% to KES 45 billion from KES 49 billion in July Stock Market The NSEASI (Nairobi Securities Exchange All Share Index) declined by 1.7% m/m to close the month at points (-2.1% in 2018), while the NSE - 20 Share Index fell 2.8% m/m to close

13 Fund Manager: Britam Asset Managers Kenya Ltd Launch Date: April 28 th, 2006 KES 2.41 Billion Annual Management Fees: 2.5% Minimum Investment: Benchmark: Type of Investor: Trustees: Custodian: KES 1,000/ USD 100 (Diaspora Investors) NSE 20 Share Index Individual/Institutional Kenya Commercial Bank Standard Chartered Bank Kenya Equity Fund

14 Fund Objective The fund invests primarily in companies listed in the regional Stock Exchanges, which show above average prospects of growth. The fund aims to offer superior returns over the long term by maximising long term capital growth. MARKET OVERVIEW Stock Market The NSEASI (Nairobi Securities Exchange All Share Index) declined by 1.7% m/m to close the month at points (-2.1% in 2018), while the NSE - 20 Share Index fell 2.8% m/m to close the month at points (down 1.7% in 2018). The top performers were Crown Berger, Kapchorua Tea & ARM Cement which registered performances of 46.%,.% and 0.6% respectively in the month. Interest Rates The average rates of the 91-day, 182-day and the 64-day T-bills declined to 7.6%, 9.0% and 10.0% as banks continued to invest spare funds in Treasury bills in light of interest rate caps. Inflation Inflation decreased to 4.04% in August from 4.5% a month earlier on the back of lower food prices, which declined 0.66%, countering 2.56% and 0.87% increases in household and transport prices respectively. Core inflation rose from 4.0% to 4.2%.