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 Equity Income Fund Fact Sheet

Investment Objective

The fundamental objective of the Fund is to provide Unitholders with long term capital appreciation and income through investment in a select portfolio of equities and quality money market securities including short term government securities.


Fund Manager AXA Mansard Investments Limited
Agusto & Co Rating A-
Custodian FCMB Nominees Ltd
Trustees Investment One Financial Services
Fund Launch Date 28-July-2016
Fund Size ₦ 1,000,000,000.00
Fund Yield -12.08%
Base Currency ₦ - Nigerian Naira
Unit Price 133.28 per unit
Minimum Investment ₦ 10,000
Minimum Holding Period 30 days
Income Accrual Daily
Income Distribution Annual
Annual Management Fee 1.5%
Investor Profile

The Fund is aimed at investors with high-risk appetite seeking income and strong potential for capital growth through an array of stocks. It is also targeted at investors who wish to reduce concentration risk and benefit from diversification and professional management.

Benefits of the Fund
  •  Liquidity:
    • 1. Unit purchases into the fund are processed on the same day, subject to receipt of cash by or before 10 AM (weekends and public holidays excluded).
    • 2. Unit redemptions from the fund are processed within 4 days
    • 3. Units are redeemed at the fund price on the day of receipt of the request, if the request is received by or before 10 AM (weekends and public holidays excluded).
  •  Affordability: The Fund represents an investment opportunity that allows investors earn steady income without substantial initial investments.
  •  Professional Management: The portfolio managers are skilled and experienced professionals and will bring this expertise to bear in the management of the Fund.
  •  Performance Monitoring: An Investment Committee will monitor the Fund’s activities and performance on a regular basis.
  •  Accessibility:Easy accessibility to the fund via the use of electronic platforms and debit cards. Transactions in the fund can be conducted via physical and electronic channels.

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Asset Allocation
Proposed Asset Class Allocation Ranges(%) Targeted Weights(%)
Listed Equity 60 - 95 75
Other Money Market Instruments 5 - 40 20
Fund Highlights

The Fund’s objective is to generate income and capital growth from investments in a diversified portfolio. The Fund will seek to maximize long-term income and capital appreciation by investing significantly in listed stocks. The Fund is open-ended and is constituted under a Trust Deed.

Hence, the Fund Manager may issue and allot additional Units. The Fund will invest only in eligible securities including high quality listed equities, unlisted equities and money market instruments.

The Fund Manager

AXA Mansard Investments Limited (AXA MIL) is duly registered by the Securities and Exchange Commission of Nigeria as Fund/Portfolio Managers.

AXA MIL is a wholly owned subsidiary of AXA Mansard Insurance Plc. a member of the AXA Group - the worldwide leader in insurance and asset management with assets under management of 157,000 employees Euros 1.4 trillion serving 103 million clients in 59 countries.

A.M. Best rating for AXA Mansard is BB+

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