First Asset Bond Fund

The First Asset Bond Fund, managed by First Asset Management Limited, sits in a solid mid-tier position with a Net Asset Value (NAV) of ₦11.66B, ranking #68 of 222 across all Nigerian mutual funds and #8 of 42 within the Fixed Income (bond) fund category. Its Week-to-Date (WTD) yield currently stands at 0.14%, which is slightly below the category median of 0.16%, meaning roughly half of its peers in the bond fund space are generating a touch more return this week. Over the course of this year, the fund has delivered a Year-to-Date (YTD) yield of 4.49%, spread across a relatively small community of 2,300 unitholders, which suggests a focused, less crowded fund compared to some larger rivals.

Looking at the fund's recent five-week history, the NAV has been remarkably stable, moving in a narrow band between ₦11.63B and ₦11.66B from early June to early July 2026. The WTD yield dipped to 0.10% in the week ending 19 June before recovering to 0.14% and holding there for the past two weeks. This kind of consistency in NAV, where the total value of the fund barely shifts week to week, is generally a characteristic investors associate with bond funds, since they tend to invest in lower-risk instruments like government securities. The slight weekly yield underperformance relative to peers is worth watching, but the overall NAV trend shows no sign of meaningful decline.