Cordros Halal Fixed Income Fund

The Cordros Halal Fixed Income Fund is a Shariah-compliant fixed income fund, meaning it invests only in ways that follow Islamic finance principles and avoids interest-based instruments. Its most recent Net Asset Value (NAV) stands at ₦354.22M, a noticeable drop from ₦376.53M the previous week, marking the sharpest single-week decline in the fund's recent history. This pullback has pushed its ranking to #195 of 222 funds overall, and #5 of 7 within the Shariah-Compliant Fixed Income Funds category. The fund's Week-to-Date (WTD) yield, which measures how much the fund returned in the most recent week, came in at 0.23%, falling below the category median of 0.31% and representing its weakest weekly return over the five-week window tracked here.

Despite the recent softness, the fund's Year-to-Date (YTD) yield of 15.50% shows that it has delivered meaningful returns over the course of the year so far. Looking back at recent weeks, the WTD yield had been fairly stable, moving between 0.25% and 0.33% from early June through late June 2026, before slipping to 0.23% in the most recent reading. The fund serves a relatively small community of 89 unitholders, which means fewer investors currently share in its performance compared with larger peers. The NAV decline this week is worth watching closely, as it breaks a steady upward trend that had been building since early June.