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Asset Allocation​

Fund I

  • High-risk, high-return investment mix
  • For contributors below 50 years
  • Optional – you must request to opt in

Expected Rate of Return

Year RSA Fund I
2026 21.85%%

Asset Allocation

Date Quoted Equities Infrastructure Fund FGN Bonds Treasury bills State Bonds Corporate Bonds Money Market Cash Total
28/02/26 11.58%0.00%20.47%38.78% 5.93%11.79%8.20%3.25%100.00%
31/1/26 8.71%0.00%14.22%36.73% 5.64%10.99%6.42%17.29%100.00%

Fund II

  • Default fund for contributors below 50
  • Balanced risk & return
  • Automatically assigned unless you opt for Fund I

Expected Rate of Return

Year RSA Fund II
2026 19.65%

Asset Allocation

Date Quoted Equities Infrastructure Fund FGN Bonds Treasury bills State Bonds Corporate Bonds Money Market Cash Total
28/2/26 7.07%0.00%33.74%39.98% 0.96%5.03%12.52%0.70%100.00%
31/1/26 4.29%0.00%21.26%39.65% 0.95%4.99%14.69%14.17%100.00%

Fund III

  • Default fund for contributors aged 50 and above (not retired)
  • Conservative Fund
  • Low-risk investment profile

Expected Rate of Return

Year RSA Fund III
2026 19.87%

Asset Allocation

Date Quoted Equities FGN Bonds Treasury bills State Bonds Corporate Bonds Money Market Cash Total
28/2/26 4.60%28.56%44.06%2.46% 11.19%7.79%1.34%100.00%
31/1/26 4.30%25.15%43.72%2.45% 11.12%7.73%5.53%100.00%

Fund IV

  • For retirees only
  • Very low risk, focused on capital preservation
  • Only accessible through Programmed Withdrawal

Expected Rate of Return

Year RSA Fund IV
2026 18.35%

Asset Allocation

Date Quoted Equities FGN Bonds Treasury bills State Bonds Corporate Bonds Money Market Cash Total
28/2/26 0.00%27.11%38.92%9.73% 7.18%15.31%1.75%100.00%
31/1/26 0.00%27.21%38.90%9.76% 7.19%13.74%3.20%100.00%

Fund V (Micro Pension)

  • For the informal sector and other self-employed individuals.
  • Relatively conservative with focus on capital preservation
  • Highly liquid Fund to meet contingency needs.

Expected Rate of Return

Year RSA Fund V
2026 17.93%

Asset Allocation

Date FGN Securities Money Market Cash Total
28/2/26 0.00%99.29%0.71%100.00%
31/1/26 0.00%99.92%0.08%100.00%

Fund VI (Non-Interest Fund)

  • Ethical Fund based on Sharia compliant investment principles.
  • Optional – available to all RSA holders who wish to avoid interest-based investments.

Expected Rate of Return

Year RSA Fund VI
2026 16.46%

Asset Allocation

Date FGN Securities Quoted Equities Money Market Cash Total
28/2/26 0.00%0.00%85.30%14.70%100.00%
31/1/26 0.00%0.00%99.21%0.79%100.00%

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