Cowry Fixed Income Fund

The Cowry Fixed Income Fund, managed by Cowry Treasurers Limited, has shown notable growth in its Net Asset Value (NAV) over the past month, climbing from ₦247.98M on 5 June 2026 to a peak of ₦325.85M on 26 June 2026 before settling at ₦316.48M as of 3 July 2026. That represents a gain of roughly ₦68.5M in NAV over four weeks, which suggests that more money has been flowing into the fund. Despite this growth, the fund sits at #198 of 222 funds overall and #34 of 42 within the Fixed Income/Bond Funds category, meaning it is smaller than most of its peers by size.

On the returns side, the fund's Week-to-Date (WTD) yield, which measures how much the fund earned in the most recent week as a percentage, stands at 0.04%. This is notably below the median WTD yield of 0.16% among all Fixed Income/Bond Funds, meaning the average fund in this category earned four times more than Cowry Fixed Income Fund in the same week. However, zooming out to the Year-to-Date (YTD) yield, which tracks performance from the start of 2026, the fund has returned 10.80%, and the fund counts 508 unitholders, suggesting a modest but established investor base. The WTD yield has also been consistent at 0.04% for three consecutive weeks, down from 0.08% recorded on 5 June 2026.