CardinalStone Dollar Fund

The CardinalStone Dollar Fund holds a strong position in the Nigerian mutual fund market, sitting at #6 of 40 among Dollar Funds by Net Asset Value (NAV), and #25 of 222 across all fund categories. Its current NAV stands at ₦49.16B, supported by 654 unitholders. On a Year-to-Date (YTD) basis, the fund has returned 6.54% in 2026, which signals meaningful growth over the year even as recent short-term movement has been choppy. The Week-to-Date (WTD) yield, which measures performance over the current week, sits at -0.36%, placing it below the median WTD yield of 0.11% recorded across all Dollar Funds this week.

Zooming into the last five data points tells a more detailed story. The fund peaked at a NAV of ₦49.32B on 5 June 2026, paired with a strong WTD yield of 1.52%. Since then, NAV has drifted slightly lower through mid-June, touching ₦49.05B on 26 June before recovering modestly to ₦49.16B by 3 July. The WTD yields over this stretch have been uneven: 1.52%, then 0.30%, then -0.40%, then 0.15%, and now -0.36%. This pattern of alternating positive and negative weekly returns suggests the fund is going through a period of short-term fluctuation rather than a clear upward or downward trend, even as its full-year return of 6.54% remains in positive territory.