The EDC Halal Fund's most striking development is its sharp Week-to-Date (WTD) yield of -13.86% in the week ending 3 July 2026, a significant drop compared to the category median WTD yield of 0.18% among Shariah-Compliant Equity Funds. This places the fund well below its peers at the latest reading, and the move stands out even against the fund's own recent pattern, where WTD yields had been mildly negative, ranging from -0.07% to -2.28% across the four preceding weeks. Despite this, the fund has still delivered a positive Year-to-Date (YTD) yield of 10.47%, meaning that across the full year so far, investors have seen growth in the value of their units. The fund's Net Asset Value (NAV), which is the total market value of everything the fund holds, currently sits at ₦233.27M, ranking it #204 of 222 funds overall and #11 of 12 within its Shariah-Compliant Equity Funds category.
Looking at the fund's recent NAV history adds useful context. The NAV roughly doubled between 5 June 2026 (₦99.55M) and 19 June 2026 (₦235.71M), a rapid expansion that likely reflects new money coming into the fund rather than pure investment gains. Since then, the NAV has stayed relatively stable around the ₦235M level before slipping slightly to ₦233.27M at the latest date. The fund is notably small, with only 20 unitholders, meaning a single large investor moving money in or out can significantly shift the fund's size and yield figures. This small investor base is worth bearing in mind when reading short-term yield swings, as they may not reflect broader market trends as clearly as a larger, more diversified fund would.
Key insight: The dramatic -13.86% WTD yield is a sharp outlier against the category median of 0.18%, but the fund's positive YTD return of 10.47%
