The headline story for the Nova Hybrid Balanced Fund right now is a strong Year-to-Date (YTD) return sitting at 36.45%, which tells investors that despite some short-term turbulence, the fund has grown meaningfully since the start of the year. However, in the most recent week, the fund posted a Week-to-Date (WTD) yield of -0.62%, which is slightly worse than the median WTD yield of -0.43% across all Balanced Funds in its peer group. In terms of size, the fund holds a Net Asset Value (NAV) of ₦70.51M, placing it at #217 of 222 funds overall and #28 of 29 within the Balanced Funds category, making it one of the smaller funds in its class.
Looking at recent history, the fund has had a bumpy few weeks. It dipped to a WTD yield of -2.99% on 2026-06-11, when NAV fell to ₦66.60M, its lowest point in the period shown. It then bounced back with a positive WTD yield of 1.45% on 2026-06-19, before slipping again on 2026-06-26 to -0.87%. The most recent reading on 2026-07-03 shows a partial recovery in NAV to ₦70.51M, the highest level across all five recorded weeks, even as the weekly return remained slightly negative at -0.62%. With only 10 unitholders, this is a very small and thinly held fund, meaning each individual investor has a relatively large share of the total pool.
Key insight: Despite short-term weekly losses, the fund's YTD return of 36.45% shows it has delivered substantial growth over the year, but its very small size of ₦70.51M and just 10 unitholders make it one of the least established funds in its category.
