Norrenberger Turbo Fund (NTF)

The Norrenberger Turbo Fund (NTF) has recorded a Week-to-Date (WTD) yield of -0.54% in the most recent reporting period, its weakest weekly result in the past five weeks and notably below the median WTD yield of 0.16% for Fixed Income/Bond Funds in Nigeria. This places NTF in an underperforming position relative to its peers for the week. Despite this short-term dip, the fund's Year-to-Date (YTD) yield stands at 10.62%, suggesting that the recent weekly softness has not yet erased the gains built up over the course of the year. In terms of size, NTF manages a Net Asset Value (NAV) of ₦5.66B, which ranks it #88 of 222 funds overall and #11 of 42 within the Fixed Income/Bond Funds category.

Looking at the recent history, NTF's NAV has been gradually declining from ₦5.70B on 5 June 2026 to ₦5.66B by 3 July 2026, a trend that has coincided with increasingly negative weekly yields over the same stretch. The WTD yield has swung between a high of 0.34% (week ending 5 June) and a low of -0.54% (the most recent week), with two of the last three weeks delivering negative returns. The fund currently serves 504 unitholders, a relatively small community for a fund of its size, which means each unitholder holds a fairly significant average stake. Fixed income funds like NTF typically invest in bonds and other debt instruments, aiming to deliver steady, predictable returns, so two consecutive weeks of negative WTD yields within a single month is worth watching closely.