Hillcrest Balanced Fund

The most striking development for the Hillcrest Balanced Fund this week is a sharp drop in its Net Asset Value (NAV), falling from ₦170.49M to ₦155.76M, a Week-to-Date (WTD) yield of -8.96%. That single-week decline stands out dramatically against the median WTD yield for Balanced Funds of -0.43%, meaning most peer funds in the same category lost far less ground this week. Within its category, the fund ranks #26 of 29, placing it near the bottom of balanced funds, and #210 of 222 across all funds overall. The Year-to-Date (YTD) yield of 8.51% shows the fund had been making positive progress through the year, which makes this week's reversal all the more significant to note.

Zooming out to the recent history adds useful context. The fund's NAV had actually been climbing steadily, rising from ₦171.56M on 5 June 2026 to a recent peak of ₦173.71M on 11 June 2026, before a gradual softening set in over the following two weeks. The declines recorded on 11 June (-0.77% WTD) and 26 June (-1.82% WTD) were modest compared to the current week's loss. The fund currently serves 142 unitholders, a relatively small investor base, which can sometimes mean larger swings in NAV when money moves in or out. The positive YTD figure suggests the fund is still ahead for the calendar year, but the most recent week has erased a meaningful portion of those earlier gains.