One17 Halal Fund

The headline story for the One17 Halal Fund this week is its strong weekly performance relative to peers. The fund posted a Week-to-Date (WTD) yield of 0.37% for the week ending 3 July 2026, which is more than double the median WTD yield of 0.18% across all Shariah-Compliant Equity Funds (funds that invest according to Islamic finance principles, avoiding interest-based income and prohibited industries). On a longer horizon, the fund's Year-to-Date (YTD) yield of 24.32% signals meaningful growth since the start of the year. These figures stand out despite the fund being the smallest in its category, with a Net Asset Value (NAV) of ₦181.51M, ranking #208 of 222 funds overall and #12 of 12 within its Shariah-Compliant Equity peer group.

Zooming into the recent NAV history adds important context. The fund experienced a sharp swing on 19 June 2026, when the WTD yield spiked to 6.33% and NAV climbed to ₦184.51M, only to pull back to ₦179.88M the following week with a WTD yield of -1.19%. This pattern shows that the fund can move significantly in a short time, which is a sign of higher volatility, meaning its value can rise or fall quickly. The recovery to ₦181.51M and a positive 0.37% WTD yield this week suggests some stabilisation. With only 330 unitholders, this is a small and relatively concentrated fund, so each large transaction can have a noticeable effect on the NAV.