GDL Income Fund

The GDL Income Fund, managed by Growth & Development Asset Management Limited, is one of the smaller fixed income funds in the Nigerian market, with a Net Asset Value (NAV) of ₦24.01M, placing it at #222 of 222 funds overall and #42 of 42 within the Fixed Income / Bond Funds category. Despite its small size, the fund's Week-to-Date (WTD) yield of 0.22% sits above the median WTD yield of 0.16% for its peer group, meaning it is returning more per week than more than half of comparable funds. Its Year-to-Date (YTD) yield stands at 0.56%, reflecting modest but steady growth since the start of the year.

Looking at the fund's recent history, the NAV has grown consistently from ₦23.80M on 5 June 2026 to ₦24.01M on 3 July 2026, a gain of ₦210,000 over roughly four weeks. The WTD yield has remained fairly stable across this period, ranging from a low of 0.19% (recorded on 19 June 2026) to a high of 0.26% (recorded on 26 June 2026), before returning to 0.22% in the most recent reading. The fund currently has 744 unitholders, which is a relatively small investor base and reflects the fund's early-stage scale. The consistent upward movement in NAV suggests that, even at its current modest size, the fund is generating returns for its investors week on week.