AVA GAM Fixed Income Fund

The AVA GAM Fixed Income Fund is a relatively small fixed income (bond) fund, meaning it lends money to governments or companies and earns interest in return. Its current Net Asset Value (NAV) sits at ₦322.62M, ranking it #197 of 222 funds overall and #33 of 42 within the Fixed Income / Bond Funds category. Despite its modest size, its Week-to-Date (WTD) yield of 0.22% this week edges above the median WTD yield of 0.16% recorded across all funds in its category, meaning it is returning slightly more to investors per week than the typical fund in its peer group. Its Year-to-Date (YTD) yield, which measures total returns since the start of the year, stands at 4.81%, spread across a base of 287 unitholders.

Looking at the fund's recent history, its NAV has declined from ₦331.89M on 5 June 2026 to ₦322.62M on 3 July 2026, a drop of roughly ₦9.27M over about four weeks. The most notable movement in that period was a sharp WTD yield spike of 2.00% recorded on 26 June 2026, well above the fund's usual weekly range of 0.16% to 0.25%, followed by the NAV falling from ₦331.29M to ₦325.01M that same week. This kind of short-term fluctuation in a fixed income fund is worth noting, as bond funds are generally expected to be more stable than equity (stock-based) funds. The subsequent week brought the WTD yield back down to a more typical 0.22%, suggesting the spike was a one-off rather than a sustained shift.