CardinalStone Fixed Income Alpha Fund

The CardinalStone Fixed Income Alpha Fund currently holds a Net Asset Value (NAV) of ₦1.84B, placing it #18 of 42 funds in the Fixed Income / Bond Funds category. The most immediate story is a sharp reversal in short-term performance: after a strong Week-to-Date (WTD) yield of 0.71% recorded on 26 June 2026, the fund has posted back-to-back negative weekly returns, landing at -1.88% for the current week. That figure sits well below the median WTD yield of 0.16% across all Fixed Income / Bond Funds peers, meaning most comparable funds actually gained ground this week while this one gave some back. The fund's NAV also dipped from a recent peak of ₦1.89B on 26 June to ₦1.84B today, reflecting the same short-term pullback.

Despite the recent wobble, the Year-to-Date (YTD) picture remains positive at 4.72%, suggesting the fund has still delivered meaningful growth for investors who have held it through 2026 so far. The fund has 1,081 unitholders and, at ₦1.84B in NAV, sits in the lower half of the overall fund universe, ranked #139 of 222 across all categories. The NAV trend over the past month shows genuine growth from ₦1.81B on 5 June to the current level, so the broader trajectory has been upward even if the last two weeks introduced some turbulence. Fixed income funds (funds that invest mainly in bonds and similar debt instruments) can experience short-term swings in reported weekly yields due to how bond prices are valued, which does not always reflect a permanent loss of value.