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 Money Market Fund Fact Sheet

Investment Objective

The fundamental objective of the Fund is to provide Unitholders with competitive income, liquidity and security of asset through investment in a select portfolio of quality money market securities and short term government securities with tenors of less than one (1) year.


Fund Manager AXA Mansard Investments Limited
Agusto & Co Rating A-
Custodian FCMB Nominees Ltd
Trustees Investment One Financial Services
Fund Launch Date 1-July-2016
Fund Size ₦ 20,000,000,000.00
Fund Yield 12.12% (net of expenses)
Base Currency ₦ - Nigerian Naira
Unit Price ₦ 1.00 per unit
Minimum Investment ₦ 2,000
Minimum Holding Period None
Income Accrual Daily
Income Distribution Quarterly
Annual Management Fee 1.25%
Investor Profile

The AXA Mansard Money Market Fund is designed for investors with low risk appetite looking to maximize interest income in short-tenored securities. The Fund would be attractive to investors who desire a regular stream of income with minimal risk appetite.

Benefits of the Fund
  •  Liquidity: Investors will be able to purchase and sell the Units in the Fund throughout its existence.
  •  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
Deposits (Fixed/Tenured) 20 - 75%
Treasury Bills 25 - 80%
Other Money Market Instruments 0 - 40%
Cash 0 - 5%
Fund Highlights

The Fund seeks to achieve competitive returns for investors whilst preserving capital by investing in a diversified portfolio of money market securities and will aim to achieve its primary objective by utilizing the “bargaining power” derived from pooling of funds to obtain higher levels of income when investing.

The Fund is open-ended and is constituted under a Trust Deed. Hence, the Fund Manager may issue and allot additional Units, subject to registration with the SEC.

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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