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FUND MANAGEMENT

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 is 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 is analyzed to ascertain the over/underperformance 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 to 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 the PenCom benchmark.

FUND I - PORTFOLIO STRUCTURE

 

 

 

 

 

 

Date

Cash
Balance

Corporate
Bonds

Ordinary
Shares

FGN
Bonds

Money
Markets

Treasury
Bills

Hybrid
Funds
Value

Total

1-Oct-19

0.04%

11.92%

2.79%

0.00%

25.71%

56.29%

3.25%

100.00%

30-Sep-19

0.04%

11.92%

2.79%

0.00%

25.71%

56.29%

3.25%

100.00%

29-Sep-19

3.46%

11.91%

2.86%

0.00%

22.25%

56.26%

3.25%

100.00%

28-Sep-19

3.46%

11.91%

2.86%

0.00%

22.25%

56.26%

3.25%

100.00%

27-Sep-19

3.46%

11.91%

2.87%

0.00%

22.25%

56.25%

3.26%

100.00%

26-Sep-19

9.54%

11.91%

2.89%

0.00%

16.17%

56.24%

3.26%

100.00%

25-Sep-19

1.41%

11.91%

2.85%

0.00%

21.05%

59.51%

3.26%

100.00%

*Note: Commenced on 14th September 2018

 

 

 

 

 

 

 

FUND II - PORTFOLIO STRUCTURE

 

 

 

 

 

 

Date

Cash
Balance

Corporate
Bonds

Ordinary
Shares

FGN
Bonds

Money
Markets

Treasury
Bills

Hybrid
Funds
Value

Total

1-Oct-19

0.03%

11.96%

6.10%

47.17%

12.88%

21.32%

0.56%

100.00%

30-Sep-19

0.03%

11.96%

6.10%

47.17%

12.88%

21.32%

0.56%

100.00%

29-Sep-19

0.03%

11.96%

6.06%

47.20%

12.86%

21.33%

0.56%

100.00%

28-Sep-19

0.03%

11.96%

6.06%

47.20%

12.86%

21.33%

0.56%

100.00%

27-Sep-19

0.03%

11.96%

6.07%

47.20%

12.86%

21.33%

0.56%

100.00%

26-Sep-19

1.47%

11.97%

6.04%

47.22%

11.42%

21.34%

0.56%

100.00%

25-Sep-19

0.42%

11.98%

5.93%

47.39%

11.43%

22.29%

0.56%

100.00%

*Note: Commenced on 23rd December 2014

 

 

 

 

 

 

 

FUND III - PORTFOLIO STRUCTURE

 

 

 

 

 

 

Date

Cash
Balance

Corporate
Bonds

Ordinary
Shares

FGN
Bonds

Money
Markets

Treasury
Bills

Hybrid
Funds
Value

Total

1-Oct-19

0.09%

16.02%

5.39%

52.44%

5.59%

20.45%

0.00%

100.00%

30-Sep-19

0.09%

16.02%

5.40%

52.44%

5.59%

20.45%

0.00%

100.00%

29-Sep-19

0.47%

16.03%

5.36%

52.48%

5.20%

20.47%

0.00%

100.00%

28-Sep-19

0.47%

16.03%

5.36%

52.48%

5.20%

20.47%

0.00%

100.00%

27-Sep-19

0.47%

16.03%

5.36%

52.48%

5.20%

20.47%

0.00%

100.00%

26-Sep-19

0.86%

16.03%

5.34%

52.48%

4.82%

20.47%

0.00%

100.00%

25-Sep-19

0.74%

16.05%

5.25%

52.65%

4.83%

20.49%

0.00%

100.00%

*Note: Commenced on 16th August 2018

 

 

 

 

 

 

 

FUND IV - PORTFOLIO STRUCTURE

 

 

 

 

 

 

Date

Cash
Balance

Corporate
Bonds

Ordinary
Shares

FGN
Bonds

Money
Markets

Treasury
Bills

Hybrid
Funds
Value

Total

1-Oct-19

0.27%

7.24%

0.67%

8.65%

19.82%

63.34%

0.00%

100.00%

30-Sep-19

0.27%

7.24%

0.67%

8.65%

19.83%

63.34%

0.00%

100.00%

29-Sep-19

4.72%

7.24%

0.67%

8.64%

15.38%

63.34%

0.00%

100.00%

28-Sep-19

4.73%

7.24%

0.67%

8.64%

15.38%

63.33%

0.00%

100.00%

27-Sep-19

4.73%

7.24%

0.67%

8.65%

15.38%

63.33%

0.00%

100.00%

26-Sep-19

8.92%

7.24%

0.65%

8.65%

11.20%

63.34%

0.00%

100.00%

25-Sep-19

0.18%

7.24%

0.63%

8.71%

11.87%

71.36%

0.00%

100.00%

*Note: Commenced on 11th May 2017

 

 

 

 

 

 

 

Fund-II: Yearly Fund Price/Growth History; 3-Year Rolling Average & CAGR

 

 

 

 

 

 

 

 

 

Period

2015

2016

2017

2018

Rolling Average

CAGR

Price

1.0970

1.2182

1.3899

1.5128

Return

9.54%

11.05%

14.09%

8.84%

11.33%

11.31%



Fund-IV: Yearly Fund Price/Growth History

Period

2017

2018

Rolling Average

Price

1.1272

1.2856

Return

12.72%

14.05%

13.39%

Location

NPF Pensions House Plot 3820,

R.B. Dikko street, Off Shehu Shagari Way

Opposite Force Headquarters Central Business District (CBD)

Abuja - Nigeria.


Business Hours

Monday - Friday
8:00 am to 05:00 pm
Saturday
Closed
Sunday
Closed

We don't work on holidays

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