ETF price discovery · Edition 2
VERTEX's discount to NAV widened to 20.1% on 29 Sep 2026, from 13.4% 7 days earlier
At the displayed close, VERTEX cost about 79.9 shillings for every 100 shillings of reported net assets per unit. The price and NAV share the same date; a discount is not evidence of an arbitrage opportunity.
Market-price premium or discount to exact-date manager NAV
Each ETF price and NAV are joined on its displayed date. Different ETF dates are separate observations, not one common-session snapshot; missing NAV is never carried forward.
The numbers
| ETF | DSE close (TZS) | NAV (TZS) | Date | Premium / discount | Previous edition |
|---|---|---|---|---|---|
| IEACLC | 1,450 | 1,467.2125 | 1 Oct 2026 | -1.17% | -1.13% (22 Sep 2026) |
| VERTEX | 325 | 406.8892 | 29 Sep 2026 | -20.13% | -13.39% (22 Sep 2026) |
What changed
VERTEX's discount widened by 6.74 percentage points since 22 Sep 2026. Its close moved from TZS 350 to TZS 325; manager NAV moved from TZS 404.0939 to TZS 406.8892.
Why it matters
At the 29 Sep 2026 close, one VERTEX unit cost about TZS 80 for every TZS 100 of reported net assets. Discounts can persist or widen; this is not evidence of an arbitrage opportunity.
Method and limits
Each ETF price and NAV are joined on its displayed date. Different ETF dates are separate observations, not one common-session snapshot; missing NAV is never carried forward. Premium or discount = (close ÷ NAV − 1) × 100.
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