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Farooq

About PACAM Fixed Income Fund

PACAM Fixed Income Fund is an open-ended mutual fund approved by the Securities and Exchange Commission (SEC). It invests in Fixed Income instruments such as FGN Bonds, Sub National Bonds, Corporate Bonds and other investment grade fixed income instruments giving investors opportunity to invest in secure and high yielding Bonds offered by Federal and State Governments of Nigeria and large Corporates.

Fund Objective

The fund seeks to achieve an efficient balance between capital appreciation and income for investors with moderate risk appetite. Investment decisions will be taken with prudence, discretion, intelligence and regard for safety of capital and income. The Fund will achieve this by investing in Fixed Income instruments such as FGN Bonds, Sub-National Bonds, Corporate Bonds and other Fixed Income securities.

Asset Allocation

Asset Class

Asset Allocation Range(%)

Target Weight(%)

FGN Bond

30 – 60

40

Sub National Bonds Corporate

10 – 35

20

Bond Other Fixed Income

15 – 40

25

Securities

15 – 65

15

FAQs

PAC Asset Management Limited is registered with the Securities and Exchange Commission (SEC). PAC Asset Management Limited already manages PACAM Balanced Fund which returned more than 10% yield at the end of 2015. It is a subsidiary of Pan African Capital Plc, a registered capital market operator and leading Investment Bank in Nigeria with offices across Africa. PAC Asset Management Limited is a licensed Funds/Portfolio Manager positioned to provide a wide range of innovative investment management services to individuals, private and public sector organizations.

Fund Manager

PAC Asset Management Ltd.
Trustees Mainstreet Bank Trustees & Asset Mgt.
Custodian UBA Global Markets
Registrar PAC Registrars Ltd

Minimum subscription is 1,000 units of ₦10.00 each and multiples of 100 units thereafter at the prevailing bid price as published daily on the fund price website www.pacassetmanagement.com/mutualfunds

No. The return on the Fund is dependent on the Fixed Income trends and interest rates obtainable in the Nigerian Financial Market. As the Fund Manager has no influence over changes in interest rate, it is therefore impossible to guarantee any particular rate of return on the investment.

Attractive returns on investment; Experienced and credible Fund Manager supported by tested Trustees and Custodians; Risk pooling and diversification; Affordable Minimum subscription unit; Open-ended fund.

A unit holder can sell their investment at any time by filling the redemption notice and submitting same to the fund manager. Payment will be made within 5 working days by cheque or bank transfer to the unit holder in line with the Fund Trust Deed.

Everyone can invest in the PACAM Fixed Income Fund including institutional investors, individuals, cooperative societies, religious organizations and other social groups. Parents/Guardians can also invest in the name of their wards.

No. The PACAM Fixed Income Fund is an approved Collective Investment Scheme exempted from WHT on dividends.