Details
12-month NAV return
—
Insufficient 12-month history
NAV / fund size
TZS 315.00 Closing price (DSE)
TZS 21.53B
Data as of 2026-10-13
Liquidity
Not published
Trades on DSE; settlement T+3
Minimum investment
TZS 20,000
What this fund invests in
Constituents of the Banks, Finance & Investment Index up to 80% of NAV; cash or liquid fixed income 20%
Source: offer document p22
Keep exploring
Exchange-Traded Funds (ETFs) in Tanzania →Risks & terms
- Redemption timing
- Authorized Participants redeem by accumulating enough ETF shares to constitute at least a creation unit and exchanging them with the Fund for a basket of underlying securities of equivalent value; an AP receiving cash-in-lieu of securities typically pays a transaction fee to offset the Fund's cost of liquidating the securities. Retail investors otherwise buy and sell units continuously on the DSE during regular market hours at prevailing market prices.
- Income distribution
- The VIS ETF aims to provide annual cash distributions to its unitholders. The ETF may allocate capital gains to redeeming or exchanging unitholders as part of the redemption process. When dividends are received from the underlying securities, the ETF offers investors the flexibility to either have these dividends reinvested into the fund or distributed directly to unit holders.
- Custodian
- National Bank of Commerce Limited (NBC Limited)
- ESG Policy
- Unverified
- Notes unverified
- Listed on DSE; secondary market trading
Official sources
Each figure uses its own latest available date. Management fees are not necessarily total costs. Open the full profile for risks, qualifications and source documents; historical results are not a forecast.
What the offer document says
The terms below come from Vertex ETF's own offer document — the minimums, loads, lock-ins and settlement windows that decide what this fund actually costs you to enter and leave.
- Structure
- Open-ended, physically-backed exchange-traded fund (ETF) -- the fund holds the actual securities it tracks -- registered with CMSA under the trade name 'VIS-ETF', registration number 593787
- Objective
- The VIS-ETF aims to provide investors with a cost-effective, diversified, and transparent investment vehicle that replicates the performance of a customized benchmark index, the Banks, Finance & Investment Index. The Fund primarily seeks capital growth and income through investment in a portfolio of high-performing Tanzanian securities. Material changes to the investment objective require Unit Holder approval.
- Asset allocation
- Securities constituting the Banks, Finance & Investment benchmark index (equity) (up to 80% of NAV); Cash or highly liquid fixed-income securities (20% of NAV)
- Benchmark
- Banks, Finance & Investment (BI) Index -- comprising CRDB Bank Plc, NMB Bank Plc, National Investment Company Limited (NICOL), Dar es Salaam Stock Exchange Plc (DSE), and AFRIPRISE, each equally weighted at 20% of the index/Fund relative to market capitalization; the index is rebalanced quarterly
- Minimum initial investment
- TZS 20,000
- Minimum additional investment
- TZS 2,000
- Minimum redemption
- TZS 10,000
- Entry load
- Nil
- Exit load
- Nil
- Management fee
- 1.20% per annum of the Fund's NAV, calculated daily and payable monthly (the Manager may, at its discretion, charge a lower rate)
- Tax treatment
- Withholding tax: ETF investors receiving cash distributions may be subject to 5% withholding tax, the same rate as on other Listed Securities Dividends; Capital Gains Tax: currently no capital gains tax on Listed Securities -- ETF investors incur no tax upon liquidating ETF shares at the Exchange; Value Added Tax: all DSE transactions are subject to 18% VAT
Checked against the fund's own offer document, page by page (reviewed 2026-09-01). Read the offer document