Stanbic IBTC Bond Fund

The Stanbic IBTC Bond Fund currently holds a Net Asset Value (NAV) of ₦14.99B, placing it at #55 of 222 funds overall and #5 of 42 in the Fixed Income / Bond Funds category. That peer ranking means the fund is among the larger bond funds available to Nigerian investors, which can be a sign of investor confidence in the fund over time. However, a clear trend has emerged over the past month: the NAV has slipped steadily from ₦15.57B on 5 June 2026 to ₦14.99B on 3 July 2026, a decline of roughly ₦580M over four weeks. Alongside this, the Week-to-Date (WTD) yield, which measures how much return the fund generated in a given week, has come in at 0.00% for four consecutive weeks, after a brief positive reading of 0.38% on 5 June 2026.

The flat WTD performance stands out when compared to peers. The median WTD yield across all Fixed Income / Bond Funds is 0.16%, meaning the typical fund in this category was still producing some return during the same period that this fund recorded 0.00%. The Year-to-Date (YTD) yield, which shows total return since the start of the year, also sits at 0.00%, reinforcing that recent returns have been minimal. The fund currently serves 5,892 unitholders. The combination of a shrinking NAV and zero yields over several consecutive weeks suggests the fund is in a quiet or stalled phase, though its strong size ranking of #5 of 42 in its category indicates it remains one of the more established options in the bond fund space.