Our Funds Management Strategy
Fund performance is measured and reported daily to management on a post-trade basis. Asset valuation and pricing of positions and the analysis of investment returns are done daily on an accrual and marked-to-market basis. Also performance attribution are done on a daily, weekly or monthly basis and classified by sector, industrial grouping and market. Furthermore, online real-time reports are available through the management dashboards.
Internally derived and public benchmarks are used to appraise the performance of the Fund by security, sector, industrial grouping and market.
Statistical analysis on the investments; and comparison with specific benchmark portfolios e.g. the Nigerian All-Share Index are conducted. Performance attribution analysis and risk-adjusted performance measurement are carried out. Performance attribution are analyzed to ascertain the over/under performance of funds and individual portfolio and investment managers. This process enhances the understanding of the value added by the portfolio and investment managers. This is done relative to the risk of the investment to enable the Board and Management determine what risks the manager is taking and compare actual return versus the risk taken by the manager.
Portfolio Structure
Our fund portfolio is structured to guarantee maximum returns on all our investments while ensuring compliance with PenCom benchmark.
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FUND I - PORTFOLIO STRUCTURE |
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Date |
Cash Balance |
Corporate Bonds |
Ordinary Shares |
FGN Bonds |
Money Markets |
Treasury Bills |
Hybrid Funds Value |
Total |
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1-Oct-19 |
0.04% |
11.92% |
2.79% |
0.00% |
25.71% |
56.29% |
3.25% |
100.00% |
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30-Sep-19 |
0.04% |
11.92% |
2.79% |
0.00% |
25.71% |
56.29% |
3.25% |
100.00% |
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29-Sep-19 |
3.46% |
11.91% |
2.86% |
0.00% |
22.25% |
56.26% |
3.25% |
100.00% |
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28-Sep-19 |
3.46% |
11.91% |
2.86% |
0.00% |
22.25% |
56.26% |
3.25% |
100.00% |
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27-Sep-19 |
3.46% |
11.91% |
2.87% |
0.00% |
22.25% |
56.25% |
3.26% |
100.00% |
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26-Sep-19 |
9.54% |
11.91% |
2.89% |
0.00% |
16.17% |
56.24% |
3.26% |
100.00% |
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25-Sep-19 |
1.41% |
11.91% |
2.85% |
0.00% |
21.05% |
59.51% |
3.26% |
100.00% |
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*Note: Commenced on 14th September, 2018 |
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FUND II - PORTFOLIO STRUCTURE |
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Date |
Cash Balance |
Corporate Bonds |
Ordinary Shares |
FGN Bonds |
Money Markets |
Treasury Bills |
Hybrid Funds Value |
Total |
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1-Oct-19 |
0.03% |
11.96% |
6.10% |
47.17% |
12.88% |
21.32% |
0.56% |
100.00% |
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30-Sep-19 |
0.03% |
11.96% |
6.10% |
47.17% |
12.88% |
21.32% |
0.56% |
100.00% |
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29-Sep-19 |
0.03% |
11.96% |
6.06% |
47.20% |
12.86% |
21.33% |
0.56% |
100.00% |
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28-Sep-19 |
0.03% |
11.96% |
6.06% |
47.20% |
12.86% |
21.33% |
0.56% |
100.00% |
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27-Sep-19 |
0.03% |
11.96% |
6.07% |
47.20% |
12.86% |
21.33% |
0.56% |
100.00% |
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26-Sep-19 |
1.47% |
11.97% |
6.04% |
47.22% |
11.42% |
21.34% |
0.56% |
100.00% |
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25-Sep-19 |
0.42% |
11.98% |
5.93% |
47.39% |
11.43% |
22.29% |
0.56% |
100.00% |
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*Note: Commenced on 23rd December, 2014 |
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FUND III - PORTFOLIO STRUCTURE |
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Date |
Cash Balance |
Corporate Bonds |
Ordinary Shares |
FGN Bonds |
Money Markets |
Treasury Bills |
Hybrid Funds Value |
Total |
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1-Oct-19 |
0.09% |
16.02% |
5.39% |
52.44% |
5.59% |
20.45% |
0.00% |
100.00% |
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30-Sep-19 |
0.09% |
16.02% |
5.40% |
52.44% |
5.59% |
20.45% |
0.00% |
100.00% |
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29-Sep-19 |
0.47% |
16.03% |
5.36% |
52.48% |
5.20% |
20.47% |
0.00% |
100.00% |
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28-Sep-19 |
0.47% |
16.03% |
5.36% |
52.48% |
5.20% |
20.47% |
0.00% |
100.00% |
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27-Sep-19 |
0.47% |
16.03% |
5.36% |
52.48% |
5.20% |
20.47% |
0.00% |
100.00% |
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26-Sep-19 |
0.86% |
16.03% |
5.34% |
52.48% |
4.82% |
20.47% |
0.00% |
100.00% |
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25-Sep-19 |
0.74% |
16.05% |
5.25% |
52.65% |
4.83% |
20.49% |
0.00% |
100.00% |
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*Note: Commenced on 16th August, 2018 |
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FUND IV - PORTFOLIO STRUCTURE |
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Date |
Cash Balance |
Corporate Bonds |
Ordinary Shares |
FGN Bonds |
Money Markets |
Treasury Bills |
Hybrid Funds Value |
Total |
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1-Oct-19 |
0.27% |
7.24% |
0.67% |
8.65% |
19.82% |
63.34% |
0.00% |
100.00% |
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30-Sep-19 |
0.27% |
7.24% |
0.67% |
8.65% |
19.83% |
63.34% |
0.00% |
100.00% |
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29-Sep-19 |
4.72% |
7.24% |
0.67% |
8.64% |
15.38% |
63.34% |
0.00% |
100.00% |
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28-Sep-19 |
4.73% |
7.24% |
0.67% |
8.64% |
15.38% |
63.33% |
0.00% |
100.00% |
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27-Sep-19 |
4.73% |
7.24% |
0.67% |
8.65% |
15.38% |
63.33% |
0.00% |
100.00% |
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26-Sep-19 |
8.92% |
7.24% |
0.65% |
8.65% |
11.20% |
63.34% |
0.00% |
100.00% |
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25-Sep-19 |
0.18% |
7.24% |
0.63% |
8.71% |
11.87% |
71.36% |
0.00% |
100.00% |
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*Note: Commenced on 11th May, 2017 |
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Fund-II: Yearly Fund Price/Growth History; 3-Year Rolling Average & CAGR |
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Period |
2015 |
2016 |
2017 |
2018 |
Rolling Average |
CAGR |
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Price |
1.0970 |
1.2182 |
1.3899 |
1.5128 |
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Return |
9.54% |
11.05% |
14.09% |
8.84% |
11.33% |
11.31% |
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Fund-IV: Yearly Fund Price/Growth History |
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Period |
2017 |
2018 |
Rolling Average |
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Price |
1.1272 |
1.2856 |
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Return |
12.72% |
14.05% |
13.39% |
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Latest News
training
The new PFA will be responsible for managing pension assets of the entire Nigeria Police Force personnel according to the Pension Reform Act (PRA 2014).
Current Unit Price
- N 1.2631 (as at Oct 15, 2020)
- N 1.9507 (as at Oct 15, 2020)
- N 1.3282 (as at Oct 15, 2020)
- N 1.7095 (as at Oct 15, 2020)
- View Price History