PACAM Fixed Income Fund

The PACAM Fixed Income Fund is one of the smallest funds in its category, with a Net Asset Value (NAV) of ₦62.11M, placing it #219 of 222 funds overall and #41 of 42 within the Fixed Income / Bond Funds category. It also has a very small investor base, with just 54 unitholders. The fund's NAV has been gradually declining over recent weeks, falling from ₦63.07M on 2026-06-11 to ₦62.11M by 2026-07-03, a drop of roughly ₦960,000 over that period. Its Week-to-Date (WTD) yield currently sits at 0.01%, which is well below the median WTD yield of 0.16% for funds in the same category, meaning most peer funds are generating returns at a noticeably faster weekly rate right now.

On a Year-to-Date (YTD) basis, the fund has returned 0.66% since the start of the year, but the weekly performance has been flat for most of the recent period, with WTD yields of 0.00% recorded across four consecutive data points before the slight uptick to 0.01% in the most recent week. Fixed income funds in general work by pooling investor money into bonds and similar instruments that pay regular interest, so returns tend to be more stable than stock-based funds. However, this fund's returns have been unusually low even by fixed income standards, and its small size (#41 of 42 in category) means it has far fewer assets generating income compared to most of its peers.