Legacy Debt Fund (LDF) is an open-ended mutual fund that invests in Medium Maturity Bonds and Money Market Instruments. It is benchmarked against a composite of 50% return on the 3-month Federal Government of Nigeria Treasury bill plus 50% return on the 3-year Federal Government of Nigeria bond. The Fund is targeted at both retail and institutional investors. The LDF seeks to preserve capital and generate stable income. In addition, the Fund aims to provide liquidity and diversification benefits. The Fund is rated Aa- by Agusto & Company. In addition, we have a Customer Portal through which investors can view their holding in the Legacy Debt Fund. Login details will be sent to the investor's registered email address, once the investor has registered at https://portal.fcmbassetmanagement.com/.
The Fund is a relatively medium-risk mutual fund that invests a minimum of 70% of the portfolio in Bonds of up to 10 years. Liquidity is achieved via daily bid and offer prices provided by the Fund Manager. In addition, the asset allocation strategy of the Fund ensures that the Fund is diversified.
FUND-YEAR ENDED | DIVIDEND PAID | DIVIDEND YIELD |
---|---|---|
30-06-2017 | 11 Kobo | 4.48% |
Trading and Settlement is done to provide best execution.
An Investment Committee meeting is held at least once a quarter to determine the direction of the market and how to take advantage of emerging opportunities, which culminates in a house view. The decisions arrived at these meetings guide the Fund Manager on how best to invest the assets of unit holders in the Fund.
"principal and return on investment are not guaranteed"
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