Meristem Value Exchange Traded Fund

Exchange Traded Funds

The Meristem Value ETF (MERVALUE) is an open-ended, passively managed ETF which seeks to track the performance of the NGX MERISTEM VALUE INDEX. The Fund invests 100% of its total assets in the securities that comprise the index, in approximately same weighting as the index.

The Index is composed of highly liquid companies which qualify as value stocks by virtue of their dividend yield, historical and future earnings yield, and book to price ratio. Value stocks are considered to trade below their intrinsic value, thus creating opportunities for profit.

A portion of income earned on the Fund is distributed to qualified unitholders at the end of each financial year.

  • Fund Facts
  • Fund Holdings Breakdown
  • Price and Performance
  • Documents
  • Benefits

Fund Ticker: MERVALUE
ISIN: NGMERVALUE06
Stock Exchange: The Nigerian Exchange Limited
Benchmark Index Ticker: NGX- Meri Value Index
Benchmark Index Provider: Meristem Securities Limited
Fund Manager: Meristem Wealth Management Limited
Listing/Inception Date: September 2020
Index Review and Fund Rebalancing Periods: Semiannually; June and December.
Investment Strategy: Passive Management.

TICKER COMPANY
CADBURY CADBURY NIGERIA PLC
CONOIL CONOIL PLC.
DANGSUGAR DANGOTE SUGAR REFINERY PLC
FCMB FCMB GROUP PLC
FIDELITYBK FIDELITY BANK PLC
FLOURMILL FLOUR MILLS NIG. PLC.
LIVESTOCK LIVESTOCK FEEDS PLC.
STERLNBANK STERLING BANK PLC.
UACN U A C N PLC.
UBA UNITED BANK FOR AFRICA PLC .
UCAP UNITED CAPITAL PLC.
ZENITHBANK ZENITH BANK PLC

*Performance Data as at- 30/06/2022

FUND
YEAR-TO-DATE RETURN
INCEPTION TO DATE
Meristem Value ETF 3.99% 78.55%

*Daily Price Data

FUND
OFFER PRICE (NGN)
BENCHMARK INDEX
Meristem Value ETF 16.50 NGX-MERISTEM GROWTH INDEX
    • Low transaction cost benefits compared to owning and trading individual securities on the exchange.
    • Limits company-specific risk associated with single stocks thus providing a cost-effective method of diversification.
    • Exposure to value stocks in your investment portfolio.
    • Capital gains – price appreciation of stocks.
    • Dividend Income.
    • In-kind creation and redemption of ETF units- Exchange of underlying stocks for ETF units