Daniel Onojah | Freelancer Pension Industry Report

Pension Industry Report

ROI INDUSTRY PERFORMANCE MONTHLY PERFORMANCE REPORT AS AT st 31 MAY 2022 1 INDUSTRY AVERAGE Trustfund moved from 6th to 11th place. Top 3 PFAs were STANBIC, PAL AND NPF PENSIONS as shown respectively. -10.61% GTCO Pensions TANGERINE 0.03% 0.05% NLPC IEI-ANCHOR 0.05% RADIX 0.41% VERITAS GLANVILLS 0.09% 0.57% FIRST GUARANTEE TRUSTFUND 0.84% 0.90% NUPEMCO 0.84% CRUSADER 0.05% 0.92% PREMIUM NLPC 1.07% SIGMA 0.09% 1.18% ARM TRUSTFUND 1.27% LEADWAY 0.57% 1.29% FCMB FIRST GUARANTEE 1.41% Peer Performance Growth % NPF PENSIONS 1.70% PEER AVERAGE PAL 1.02% 2.00% 1.50% 1.00% 0.50% 0.00% 1.82% Our performance may have been affected by the unrealized loss of N18.59million sustained in the month under review. Major hits in devaluation of stocks were in GTCO (N7.25m) and UBA (N9.9m). STANBIC IBTC Trustfund moved from 9th to 15th position with 0.09% under the Industry table underperforming both Industry and peer averages CRUSADER 0.92% PREMIUM 1.07% 1.27% LEADWAY SIGMA 1.28% FIDELITY 1.08% 1.29% FCMB OAK 1.41% NPF PENSIONS TRUSTFUND 1.18% 1.70% PAL Industry Performance Growth % 1.82% 14 PFAs outperformed the Industry Average with STANBIC, PAL and NPF PENSIONS taking top 3 position with 1.82%, 1.70% and 1.41% respectively. 0.09% A S A T 3 1 st M A Y 2 0 2 2 STANBIC IBTC 0.28% FUND I ROI PERFORMANCE REPORT(MONTHLY REPORT) ARM INDUSTRY PERFORMANCE In general, PFAs that outperformed the Industry average may have had lower exposure to MTM Bonds as yields continued to rise in the month under review. FUND I PEER: ROI MOVEMENTS AS AT 31ST MAY 2022 (MONTHLY/YTD) INDUSTRY ROR PERFORMANCE AS AT 31st MAY 2022 STANBIC IBTC- PAL- NPF PENSIONS- FCMB- FIDELITY- LEADWAY- ARM- OAK- SIGMA- PREMIUM- NUPEMCO- CRUSADER- FIRST GUARANTEE- VERITAS GLANVILLS- TRUSTFUND- RADIX- NLPC- IEI-ANCHOR- TANGERINE- - GTCO Pensions 1.0950 - PFA PEER ROR PERFORMANCE AS AT 31ST MAY 2022 May April Diff STANBIC IBTC PAL NPF PENSIONS FCMB LEADWAY ARM SIGMA PREMIUM CRUSADER FIRST GUARANTEE TRUSTFUND NLPC - - - 1.82% 1.70% 1.41% 1.29% 1.28% 1.27% 1.18% 1.08% 1.07% 0.92% 0.90% 0.84% 0.57% 0.41% 0.09% 0.05% 0.05% 0.03% -10.61% 1st 2nd 3rd 4th 5th 6th 7th 8th 9th 10th 11th 12th 13th 14th 15th 16th 17th 18th 19th 20th % position 1.82% 1.70% 1.41% 1.29% 1.27% 1.18% 1.07% 0.92% 0.84% 0.57% 0.09% 0.05% 1st 2nd 3rd 4th 5th 6th 7th 8th 9th 10th 11th 12th YTD ROR PERFORMANCE AS AT 31ST MAY 2022 PFAs - - GROWTH GROWTH % POSITION STANBIC 2.0288 1.878 0.1508 8.03% 1st OAK - 1.5454 0.1224 7.92% 2nd 1.4006 0.0891 6.36% 3rd 1.3248 0.0828 6.25% 4th 1.4443 0.0877 6.07% 5th 1.4911 0.0894 6.00% 6th 1.5238 0.0840 5.51% 7th 1.2706 0.0696 5.48% 8th 1.4045 0.0758 5.40% 9th 1.3582 0.0669 4.93% 10th 1.2701 0.0587 4.62% 11th 1.5681 0.0693 4.42% 12th 1.4367 0.0545 3.79% 13th 1.2133 0.0446 3.68% 14th 1.5154 0.0556 3.67% 15th 1.6599 0.0525 3.16% 16th 1.0568 0.0253 2.39% 17th 1.3478 0.0318 2.36% 18th - -0.1230 -1.0696 -8.23% 19th 20th ARM FIRST GUARANTEE PAL SIGMA LEADWAY FIDELITY NPF FCMB PREMIUM CRUSADER TRUSTFUND NLPC IEI-ANCHOR VERITAS NUPEMCO RADIX TANGERINE GTCO Pensions Please Note: NAV data for GTCO pensions was not available on their website. Also data for Oak pensions was at as 26th May, 2022 INDUSTRY AVERAGE Trustfund maintained 10th position under the peer table. Top 3 PFAs were CRUSADER, PAL and NPF PENSIONS with 1.96%, 1.69% and 1.69% respectively. GTCO Pensions NUPEMCO NLPC FIRST GUARANTEE TRUSTFUND CRUSADER RADIX NPF PENSIONS FCMB STANBIC IBTC FIDELITY ARM LEADWAY PREMIUM 0.82% 0.82% 0.73% 0.72% 0.63% 0.57% CRUSADER TRUSTFUND FIRST GUARANTEE NLPC 0.92% NPF PENSIONS 0.99% ARM 1.01% LEADWAY 1.07% PREMIUM 1.09% PAL 1.17% FCMB Peer Performance Growth % 1.40% 1.20% 1.00% 0.80% 0.60% 0.40% 0.20% 0.00% STANBIC IBTC PEER AVERAGE PAL 1.17% 1.09% 1.07% 1.01% 0.99% 0.98% 0.92% 0.82% 0.82% 0.79% 0.73% 0.72% 0.67% 0.63% 0.63% 0.57% 0.40% SIGMA 0.88% Industry Performance Growth % 3.88% SIGMA TRUSTFUND to 14th position with 0.72% under the Industry table showing Trustfund underperformed both Industry average and Peer average Our performance may have been affected by the unrealized loss of N1.37billion sustained in the month under review. Major hits in devaluation of stocks were in UBA (N297.99m), GTCO and DANGCEM (N448.24m) th 4.20% OAK 0.72% Trustfund moved from 11 4.50% 4.00% 3.50% 3.00% 2.50% 2.00% 1.50% 1.00% 0.50% 0.00% TANGERINE 3 PFAs outperformed the Industry Average with TANGERINE-APT, OAK, and SIGMA taking the top 3 positions with 4.20%, 3.88% and 1.17% respectively. FUND II A S A T 3 1 st M A Y 2 0 2 2 IEI-ANCHOR 1.16% ROI PERFORMANCE REPORT(MONTHLY/YTD REPORT) VERITAS GLANVILLS INDUSTRY PERFORMANCE In general, PFAs that outperformed the Industry average may have had lower exposure to MTM Bonds as yields continued to rise in the month under review. FUND II PEER: ROI MOVEMENTS AS AT 31ST MAY 2022 (MONTHLY/YTD) INDUSTRY ROR PERFORMANCE AS AT 31ST MAY 2022 PFA May April Diff % TANGERINE-APT-% OAK-% SIGMA-% PAL-% PREMIUM-% LEADWAY-% ARM-% FIDELITY-% STANBIC IBTC-% FCMB-% NPF PENSIONS-% RADIX-% CRUSADER-% TRUSTFUND-% VERITAS GLANVILLS-% IEI-ANCHOR-% FIRST GUARANTEE-% NLPC-% NUPEMCO-% GTCO Pensions 3.8611 (3.8611) PFA SIGMA PAL PREMIUM LEADWAY ARM STANBIC IBTC FCMB NPF PENSIONS CRUSADER TRUSTFUND FIRST GUARANTEE NLPC PEER ROR PERFORMANCE AS AT 31st MAY 2022 May April Diff %-%-%-%-%-%-%-%-%-% 5.1072 5.0708 0.0364 0.72% - - - 0.63% 0.57% position 1st 2nd 3rd 4th 5th 6th 7th 8th 9th 10th 11th 12th 13th 14th 15th 16th 17th 18th 19th 20th YTD ROR PERFORMANCE AS AT 31ST MAY 2022 PFAs TANGERINE-APT 10th 11th 12th - GROWTH 0.3370 GROWTH % 7.73% POSITION 1st 5.0686 0.2973 5.87% 2nd 6.0531 0.3278 5.42% 3rd 2.1529 0.1144 5.31% 4th 5.6971 0.3011 5.29% 5th PREMIUM - SIGMA 4.6959 4.4673 0.2286 5.12% 6th FIDELITY - 3.9369 0.1971 5.01% 7th 4.5446 0.2264 4.98% 8th 5.1406 0.2541 4.94% 9th 4.7887 0.2334 4.87% 10th 5.4989 0.2572 4.68% 11th 4.0849 0.1876 4.59% 12th 5.3574 0.2460 4.59% 13th 4.891 0.2162 4.42% 14th 2.8844 0.1237 4.29% 15th 3.6293 0.1481 4.08% 16th 5.3186 0.2086 3.92% 17th 1.2462 0.0392 3.15% 18th 3.6831 -0.0481 -1.31% 19th 3.4558 -3.4558 -100.00% 20th PAL CRUSADER NPF PENSIONS LEADWAY FCMB FIRST GUARANTEE ARM VERITAS STANBIC IBTC TRUSTFUND position 1st 2nd 3rd 4th 5th 6th 7th 8th 9th - RADIX OAK NLPC NUPEMCO IEI-ANCHOR GTCO Pensions Please Note: NAV data for GTCO pensions was not available on their website. Also data for Oak pensions was at as 26th May, 2022 INDUSTRY AVERAGE 0.76% 0.76% 0.73% 0.68% 0.61% PREMIUM ARM TRUSTFUND NPF PENSIONS NLPC TANGERINE -4.14% 0.81% STANBIC IBTC 0.47% 0.82% FCMB CRUSADER 0.82% 1.20% 1.00% 0.80% 0.60% 0.40% 0.20% 0.00% FIRST GUARANTEE Trustfund moved from 6th to 9th place. Top PFAs were SIGMA, PAL and PREMIUM with 1.17%, 1.09% and 1.07% respectively. -5.00% 0.89% PEER AVERAGE -4.00% LEADWAY Our performance may have been affected by the unrealized loss of N382.14million sustained in the month under review. Major hits in devaluation of stocks were in GTCO (N110.2m) and DANGCEM (N145.652m) -3.00% 0.91% Trustfund moved from to position with 0.73% under the Industry table. This shows Trustfund outperformed Industry average but underperformed peer average. SIGMA 12th 0.00% 0.47% CRUSADER -2.00% 10th 0.77% -1.00% 0.99% TRUSTFUND PAL 0.73% RADIX 0.00% GTCO Pensions 0.55% IEI-ANCHOR 0.57% NUPEMCO 0.61% OAK 0.61% 0.68% NPF PENSIONS NLPC 0.73% 0.76% ARM TRUST FUND 0.76% 0.81% STANBIC IBTC PREMIUM 0.82% 0.83% FIDELITY FCMB 0.87% 0.89% LEADWAY VERITAS GLANVILLS 0.91% SIGMA 1.00% 0.99% 2.00% PAL 3.00% Industry Performance Growth % 1.86% 17 PFAs outperformed the Industry Average with RADIX, PAL and SIGMA taking the top spots with 1.86%, 0.99% and 0.91% respectively. FUND III A S A T 3 1 ST M A Y 2 0 2 2 0.82% 0.52% ROI PERFORMANCE REPORT(MONTHLY/YTD REPORT) FIRST GUARANTEE INDUSTRY PERFORMANCE In general, PFAs that outperformed the Industry average may have had lower exposure to MTM Bonds as yields continued to rise in the month under review. FUND III PEER: ROI MOVEMENTS AS AT 31ST MAY 2022 (MONTHLY/YTD) INDUSTRY ROR PERFORMANCE AS AT 31ST MAY 2022 PFA May April Diff % RADIX-% PAL-% SIGMA-% LEADWAY-% VERITAS GLANVILLS-% FIDELITY-% FIRST GUARANTEE-% FCMB-% STANBIC IBTC-% PREMIUM-% ARM-% TRUST FUND-% NPF PENSIONS-% OAK-% NLPC-% NUPEMCO-% IEI-ANCHOR-% CRUSADER-% GTCO Pensions-% TANGERINE-APT- (0.0731) -4.14% PFA PAL SIGMA LEADWAY FIRST GUARANTEE FCMB STANBIC IBTC PREMIUM ARM TRUSTFUND NPF PENSIONS NLPC CRUSADER INDUSTRY ROR PERFORMANCE AS AT 31ST MAY 2022 position 1st 2nd 3rd 4th 5th 6th 7th 8th 9th 10th 11th 12th 13th 14th 15th 16th 17th 18th 19th 20th May- April- Diff- % 0.99% 0.91% 0.89% 0.82% 0.82% 0.81% 0.76% 0.76% 0.73% 0.68% 0.61% Position 1st 2nd 3rd 4th 5th 6th 7th 8th 9th 10th 11th 1.6421 1.6343 0.0078 0.47% 12th YTD ROR PERFORMANCE AS AT 31ST MAY 2022 PFAs - GROWTH GROWTH % POSITION RADIX 1.7058 1.6119 0.0939 5.83% 1st PAL VERITAS GLANVILLS FIRST GUARANTEE 1.5388 1.4647 0.0741 5.06% 2nd 1.6168 1.5446 0.0722 4.67% 3rd 1.5654 1.4957 0.0697 4.66% 4th SIGMA 1.4881 1.4219 0.0662 4.66% 5th FCMB 1.5051 1.4414 0.0637 4.42% 6th FIDELITY 1.6568 1.5871 0.0697 4.39% 7th CRUSADER 1.6421 1.5734 0.0687 4.37% 8th IEI-ANCHOR 1.5038 1.4416 0.0622 4.31% 9th STANBIC IBTC 1.5786 1.5156 0.0630 4.16% 10th LEADWAY 1.4952 1.4366 0.0586 4.08% 11th NPF PENSIONS 1.5323 1.4723 0.0600 4.08% 12th OAK 1.4558 1.3992 0.0566 4.05% 13th PREMIUM 1.5242 1.4656 0.0586 4.00% 14th ARM 1.4857 1.4289 0.0568 3.98% 15th TRUSTFUND 1.5053 1.4479 0.0574 3.96% 16th NLPC 1.7095 1.6459 0.0636 3.86% 17th NUPEMCO 1.3504 1.3077 0.0427 3.27% 18th 1.6382 0.0474 2.89% 19th 1.7155 -0.0203 -1.18% 20th GTCO PENSIONS TANGERINE - Please Note: NAV data for GTCO pensions was not available on their website. Also data for Oak pensions was at as 26th May, 2022 INDUSTRY PERFORMANCE 0.79% 0.77% 0.77% 0.71% 0.67% PREMIUM CRUSADER ARM NPF PENSIONS FCMB 0.59% 0.81% TRUSTFUND NLPC 0.82% 0.84% FIRST GUARANTEE SIGMA 0.88% PAL In general, PFAs that outperformed the Industry average may have had lower exposure to MTM Bonds as yields continued to rise in the month under review. GTCO Pensions 0.59% 0.60% OAK NLPC 0.61% 0.67% FCMB IEI-ANCHOR 0.71% NPF PENSIONS 0.77% ARM 0.73% 0.77% CRUSADER FIDELITY 0.78% NUPEMCO 0.79% PREMIUM 0.82% SIGMA 0.81% 0.84% FIRST GUARANTEE TRUSTFUND 0.88% PAL 0.82% 0.94% LEADWAY VERITAS GLANVILLS 0.95% 1.05% RADIX Peer Performance Growth % 0.94% Trustfund moved from 8th to 6th place on the peer table overperforming peer average. STANBIC IBTC 0.80% PEER AVERAGE 1.20% 1.00% 0.80% 0.60% 0.40% 0.20% 0.00% LEADWAY Trustfund moved from 12th to 9th position with 0.81% under Industry table overperforming peer average but underperforming industry average . Industry Performance Growth % STANBIC IBTC TANGERINE TRUSTFUND 1.80% 1.60% 1.40% 1.20% 1.00% 0.80% 0.60% 0.40% 0.20% 0.00% 1.62% INDUSTRY AVERAGE 6 PFAs outperformed the Industry Average with TANGERINE-APT, STANBIC and RADIX and taking the top spots with 1.62%, 1.05% and 0.95% respectively. 0.81% A S A T 3 1 TH M A Y 2 0 2 2 1.05% 0.83% FUND IV ROI PERFORMANCE REPORT FUND IV PEER: ROI MOVEMENTS AS AT 31ST MAY 2022 (MONTHLY/YTD) PFA TANGERINE STANBIC IBTC RADIX LEADWAY PAL FIRST GUARANTEE SIGMA VERITAS GLANVILLS TRUSTFUND PREMIUM NUPEMCO CRUSADER ARM FIDELITY NPF PENSIONS FCMB IEI-ANCHOR OAK NLPC GTCO Pensions PFA STANBIC IBTC LEADWAY PAL FIRST GUARANTEE SIGMA TRUSTFUND PREMIUM CRUSADER ARM NPF PENSIONS FCMB NLPC INDUSTRY ROR PERFORMANCE AS AT 31ST MAY 2022 May- April- Diff- % 1.62% 1.05% 0.95% 0.94% 0.88% 0.84% 0.82% position 1st 2nd 3rd 4th 5th 6th 7th 4.8231 4.7838 0.0393 0.82% 8th - - - (3.4133) 0.81% 0.79% 0.78% 0.77% 0.77% 0.73% 0.71% 0.67% 0.61% 0.60% 0.59% 9th 10th 11th 12th 13th 14th 15th 16th 17th 18th 19th 20th PEER ROR PERFORMANCE AS AT 31ST MAY 2022 May- April- Diff- % 1.05% 0.94% 0.88% 0.84% 0.82% 0.81% 0.79% 0.77% 0.77% 0.71% 0.67% 0.59% position 1st 2nd 3rd 4th 5th 6th 7th 8th 9th 10th 11th 12th YTD ROR PERFORMANCE AS AT 31ST MAY 2022 PFAs FIRST GUARANTEE - - GROWTH 0.22 GROWTH % 4.69% POSITION 1st RADIX - NLPC 5.0386 4.8681 0.17 3.38% 18th NUPEMCO 1.1316 1.0941 0.04 3.31% 19th 3.3285 (3.33) CRUSADER PAL LEADWAY TANGERINE-APT SIGMA STANBIC IBTC VERITAS GLANVILLS NPF PENSIONS ARM PREMIUM FCMB TRUSTFUND OAK IEI-ANCHOR FIDELITY GTCO PENSIONS 4.4514 0.20 4.36% 2nd 4.3044 0.20 4.34% 3rd 4.3119 0.20 4.33% 4th 4.2715 0.19 4.28% 5th 4.2165 0.19 4.27% 6th 5.1802 0.22 4.07% 7th 4.6285 0.19 4.03% 8th 1.8677 0.08 4.00% 9th 4.587 0.19 3.99% 10th 4.2512 0.17 3.90% 11th 4.1869 0.17 3.87% 12th 3.9925 0.16 3.86% 13th 4.5736 0.18 3.80% 14th 3.9541 0.15 3.74% 15th 4.1557 0.16 3.66% 16th 2.5428 0.09 3.56% 17th 20th Please Note: NAV data for GTCO pensions was not available on their website. Also data for Oak pensions was at as 26th May, 2022 EQUITY INVESTMENT ACTIVITY FOR THE MONTH OF MAY 2022 EQUITY TANKED ON PROFIT TAKING IMPACTED THE NAV IN MAY 2022 : FUND I - IV FUND I Loss FUND III Loss NESTLE (1,010,800.00) UBA (76,395,000.00) GTCO (7,250,000.00) GTCO (110,200,000.00) STANBIC (642,474.00) FBNH (8,300,000.00) UBA (9,684,144.00) DANGCEM (145,652,922.80) (18,587,418.00) NESTLE (7,998,440.00) STANBIC (33,600,000.00) FUND II Loss (382,146,362.80) UBA (297,985,001.00) FUND IV Loss GTCO (348,000,000.00) FBNH (40,217,287.20) GTCO (1,812,500.00) DANGCEM (448,236,126.80) (1,812,500.00) NESTLE (104,730,040.00) STANBIC (127,866,666.00) (1,367,035,121.00) GRAND TOTAL However Unrealised Gain of N1.1bn moderated the Losses (1,769,581,401.80) Thank you!