Yes. The Kibaba Multi-Asset Special Fund is regulated by the Capital Markets Authority (CMA), Kenya, under the Capital Markets Act and the Capital Markets (Collective Investment Schemes) Regulations, 2023

The Fund is managed by Ndovu Wealth Limited, a CMA-licensed Fund Manager in Kenya

The independent Trustee is Kingsland Court Trustee Services Limited, providing fiduciary oversight

The Fund assets are held by Diamond Trust Bank (DTB) as Custodian

Yes. Investor assets are held separately by the Custodian under Trustee oversight. They are not mixed with Ndovu Wealth’s corporate assets

It is an open-ended, actively managed multi-asset fund offering diversified exposure across: Global equities Fixed income Commodities (including gold) FX exposures Cash & equivalents REITs and permitted alternatives

KES Share Class USD Share Class

Yes. Investors can subscribe and redeem units subject to the dealing terms and lock-in

It means the fund invests across different asset classes to diversify risk and enhance risk-adjusted returns.

No. It follows an accumulation model, income is reinvested to enhance compounding

To deliver above-inflation, risk-adjusted returns over a full market cycle through disciplined multi-asset diversification, while maintaining downside protection and adequate liquidity.

Primarily long-biased, but it has the flexibility to take short positions when appropriate.

The fund uses: Dynamic asset allocation Quantitative “weight-of-evidence” models Tactical sector rotation (GICS 11 sectors) Risk budgeting Diversification across geography & assets

The benchmark is the United States Total Return Cash Index (SOFR Compounded Index) (KES class translated back to KES)

Yes. Up to 100% offshore exposure is permitted within regulations

The fund is rated Medium-to-High Risk. It invests IN equities, exchange traded funds (ETF s), sovereign bonds, commodities, real estate investment trusts (REITs) and other alternative asset classes. Investors should be comfortable with short-term fluctuations in the value of their investment.

Yes. The value of your investment may fall as well as rise

Market risk FX risk (especially for KES class) Credit & interest rate risk Liquidity risk Counterparty risk Regulatory risk

Diversification Tactical asset rotation Quantitative risk models Liquidity discipline Duration management FX management

KES Class: 20% illustrative target USD Class: 18% illustrative target (These are performance illustrations, not guarantees.) These are performance illustrations and not guarantees. Returns will vary based on market conditions. The fund's benchmark is the SOFR Compounded Index; the illustrative target represents expected outperformance above inflation and the benchmark over a full market cycle, not a year-by-year projection.

No. Returns are not guaranteed

The fund is newly launched; sufficient live performance history is not yet available.

KES Class Initial: KES 250,000 Top-up: KES 100,000 Withdrawal: KES 50,000 USD Class Initial: USD 2,500 Top-up: USD 1,000 Withdrawal: USD 500

No stated maximum

5% per annum (accrued daily, charged monthly)

Yes. 15% of returns above the hurdle rate.

KES Class: 20% USD Class: 15%

No entry charge.

Possible redemption charge if redeemed within 6 months.

Yes. 6 months.

Partial: ~2 working days Full: ~3 working days

Yes, under exceptional market circumstances.

Via: Ndovu App Online Portal RM/IFA onboarding Email submission

Individual Joint Corporate Institutional

Yes. Switching between Ndovu-managed funds is allowed.

Daily.

Yes. Annual audited reports are made available to investors

Information Memorandum KIID Trust Deed Annual Reports Available via Ndovu Wealth or request.

Yes, units may be placed on lien subject to authorization.

Subject to withholding tax on interest income and applicable Kenyan tax laws.

Yes. Investors are advised to seek independent legal and financial advice.

This fund is open to Qualified Investors with a minimum initial subscription of KES 250,000 who are seeking real, inflation-beating returns over the medium to long term.

Minimum 12 months, 3–5 years preferred for long term goal based investing.

Under the Finance Act 2025, corporate investors may only carry forward tax losses for up to five years. Individual investors are subject to withholding tax on interest income at applicable rates. All investors are advised to seek independent tax advice, as tax treatment depends on individual circumstances.

The TER reflects the total operational cost of the fund, including the 5% management fee, trustee, custodial, and audit fees.

Yes. Non-resident Kenyans and other eligible diaspora investors may invest in the Kibaba Fund. Investors based outside Kenya should note that the fund is regulated under Kenyan law, and it is their responsibility to ensure compliance with applicable laws in their country of residence. Subscription and redemption proceeds can be remitted in KES or USD depending on the share class.

Yes. This is a critical investor protection. All fund assets are held in the name of the fund by the Custodian (DTB) under the oversight of the independent Trustee (Kingsland Court). They are legally segregated from Ndovu Wealth's corporate assets. In the event that Ndovu Wealth were unable to operate, the Trustee would take steps to protect investor assets and appoint a replacement fund manager, subject to CMA approval. Your investment does not sit on Ndovu Wealth's balance sheet.

KES investors are exposed to foreign exchange risk because the fund's underlying assets are primarily denominated in USD and other foreign currencies. When the KES weakens against the USD, the KES-translated value of offshore assets rises, benefiting KES-class investors. When the KES strengthens, the reverse applies. The fund manages FX exposure through: •Active FX monitoring and management by the investment team •Tactical allocation decisions that account for currency positioning •Duration management to reduce interest rate and currency sensitivity Investors who wish to eliminate KES/USD currency risk may consider the USD share class. Note that the USD class carries its own FX considerations for investors whose functional currency is KES.

You can monitor your Kibaba Fund investment in real time through the Ndovu mobile app (available on iOS and Android) and the online investor portal. The platform displays your current unit holding, NAV, portfolio value, and transaction history. Annual audited reports are also made available to all investors.