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2024: the board for the year

145 funds ranked on the return made over calendar 2024 — the last filing of 2023 against the last filing of 2024. Every fund that filed with the Commission that year is here, including the ones that have since closed. Led by Greenwich Balanced Fund at +180.6%.

Return over calendar 2024. A fund that holds its unit price flat and files an annualised yield is measured by compounding that yield; every other fund by its unit price. The same arithmetic the board uses for its calendar-year column.
#	Fund	2024
1	Greenwich Balanced FundGreenwich Asset Management Limited · Balanced	+180.6%
2	AVA GAM Fixed Income Dollar FundAVA Global Asset Managers Limited · Dollar	+103.5%
3	Stanbic IBTC Dollar FundStanbic IBTC Asset Mgt. Limited · Dollar	+88.2%
4	United Capital Global Fixed Income FundUnited Capital Asset Mgt. Ltd · Dollar	+87.0%
5	Cowry Eurobond FundCowry Treasurers Limited · Dollar	+86.5%
6	FBN Specialized Dollar Fund (now First Asset Specialized Dollar Fund)FBNQuest Asset Management Limited · Dollar	+84.7%
7	Lead Dollar Fixed Income FundLead Asset Management Limited · Dollar	+84.6%
8	New Gold ETFNew Gold Managers (Proprietary) Ltd · ETF	+82.4%
9	Legacy USD Bond Fund (now FCMBAM USD Bond Fund)FCMB Asset Management Limited · Dollar	+80.0%
10	EDC Dollar FundEDC Fund Management Limited · Dollar	+78.0%
11	PACAM Eurobond FundPAC Asset Management Limited · Dollar	+77.7%
12	FBN Dollar Fund (Retail) (now First Asset Dollar Fund (Retail))FBNQuest Asset Management Limited · Dollar	+77.3%
13	SFS Real Estate Investment Trust FundSFS Capital Nigeria Ltd · Real Estate	+77.1%
14	FSDH Dollar FundFSDH Asset Management Ltd · Dollar	+76.2%
15	Emerging Africa Eurobond FundEmerging Africa Asset Management Limited · Dollar	+73.9%
16	United Capital Nigerian Eurobond FundUnited Capital Asset Mgt. Ltd · Dollar	+73.7%
17	AXA Mansard Dollar Bond FundAXA Mansard Investments Limited · Dollar	+73.6%
18	Norrenberger Dollar FundNorrenberger Investment & Capital Mgt. Ltd. · Dollar	+70.1%
19	Futureview Dollar FundFutureview Asset Management Limited · Dollar	+68.6%
20	Meristem Value ETFMeristem Wealth Management Limited · ETF	+68.2%
21	ARM Eurobond FundARM Investment Managers Limited · Dollar	+67.1%
22	Cordros Dollar FundCordros Asset Management Limited · Dollar	+58.3%
23	ValuAlliance Value FundValuAlliance Asset Management Limited · Balanced	+51.7%
24	Stanbic IBTC Aggressive Fund (Sub Fund)Stanbic IBTC Asset Mgt. Limited · Equity	+51.1%
25	Capital Express Balanced FundCapital Express Asset and Trust Limited · Balanced	+48.1%
26	Stanbic IBTC Nigerian Equity FundStanbic IBTC Asset Mgt. Limited · Equity	+41.6%
27	Stanbic IBTC Ethical FundStanbic IBTC Asset Mgt. Limited · Specialist	+39.8%
28	Anchoria Equity FundAnchoria Asset Management Limited · Equity	+37.1%
29	VG 30 ETFVetiva Fund Managers Limited · ETF	+36.8%
30	Greenwich ALPHA ETFGreenwich Asset Management Limited · ETF	+34.4%
31	Lead Balanced FundLead Asset Management Limited · Balanced	+33.8%
32	Meristem Equity Market FundMeristem Wealth Management Limited · Equity	+33.6%
33	Stanbic IBTC Imaan FundStanbic IBTC Asset Mgt. Limited · Shari'ah	+33.3%
34	GDL Canary Growth FundGrowth & Development Asset Management Limited · Balanced	+33.0%
35	Coral Balanced FundFSDH Asset Management Ltd · Balanced	+32.8%
36	FBN Nigeria Smart Beta Equity Fund (now First Asset Nigeria Smart Beta Equity Fund)FBNQuest Asset Management Limited · Equity	+32.8%
37	Legacy Equity Fund (now FCMBAM Equity Fund)FCMB Asset Management Limited · Equity	+31.0%
38	Marble Halal Commodities FundMarble Capital Limited · Shari'ah	+29.6%
39	Stanbic IBTC Conservative Fund (Sub Fund)Stanbic IBTC Asset Mgt. Limited · Fixed Income	+29.5%
40	Afrinvest Equity FundAfrinvest Asset Mgt Ltd. · Equity	+28.8%
41	Stanbic IBTC Balanced FundStanbic IBTC Asset Mgt. Limited · Balanced	+28.7%
42	ARM Ethical Fund (now ARM Halal Balanced Fund)ARM Investment Managers Limited · Specialist	+26.3%
43	Lotus Halal Investment FundLotus Capital Limited · Shari'ah	+25.7%
44	Guaranty Trust Equity Income FundGuaranty Trust Fund Managers · Equity	+25.0%
45	Frontier FundSCM Capital Limited · Equity	+24.0%
46	Cowry Equity FundCowry Treasurers Limited · Equity	+23.9%
47	ESG Impact FundZenith Asset Management Ltd. · Specialist	+22.7%
48	VETBANK ETFVetiva Fund Managers Limited · ETF	+22.6%
49	Alpha Morgan Balanced FundAlpha Morgan Capital Managers Limited · Balanced	+22.1%
50	Meristem Money Market FundMeristem Wealth Management Limited · Money Market	+22.1%
51	Meristem Growth ETFMeristem Wealth Management Limited · ETF	+21.5%
52	ARM Discovery Balanced FundARM Investment Managers Limited · Balanced	+21.4%
53	Coral Money Market FundFSDH Asset Management Ltd · Money Market	+21.4%
54	Cowry Balanced FundCowry Treasurers Limited · Balanced	+20.7%
55	Emerging Africa Money Market FundEmerging Africa Asset Management Limited · Money Market	+20.7%
56	FBN Money Market Fund (now First Asset Money Market Fund)FBNQuest Asset Management Limited · Money Market	+20.6%
57	Chapel Hill Denham Money Market FundChapel Hill Denham Mgt. Limited · Money Market	+20.5%
58	Page Money Market FundPage Asset Management Limited · Money Market	+20.5%
59	Women's Balanced Fund (no longer filing)Chapel Hill Denham Mgt. Limited · Balanced	+20.2%
60	Zenith Money Market FundZenith Asset Management Ltd · Money Market	+20.0%
61	Cordros Money Market FundCordros Asset Management Limited · Money Market	+19.8%
62	Stanbic IBTC Money Market FundStanbic IBTC Asset Mgt. Limited · Money Market	+19.7%
63	Trustbanc Money Market FundTrustbanc Asset Management Limited · Money Market	+19.7%
64	Norrenberger Money Market FundNorrenberger Investment & Capital Mgt. Ltd. · Money Market	+19.6%
65	AXA Mansard Money Market FundAXA Mansard Investments Limited · Money Market	+19.3%
66	Guaranty Trust Balanced FundGuaranty Trust Fund Managers · Balanced	+19.1%
67	Guaranty Trust Money Market FundGuaranty Trust Fund Managers · Money Market	+19.1%
68	United Capital Money Market FundUnited Capital Asset Mgt. Ltd · Money Market	+19.0%
69	United Capital Infrastructure FundUnited Capital Asset Mgt. Ltd · Real Estate	+18.8%
70	ARM Money Market FundARM Investment Managers Limited · Money Market	+18.6%
71	Vetiva Money Market FundVetiva Fund Managers · Money Market	+18.6%
72	Coronation Money Market FundCoronation Asset Management Ltd · Money Market	+18.4%
73	Anchoria Money Market FundAnchoria Asset Management Limited · Money Market	+18.3%
74	Cordros Milestone FundCordros Asset Management Limited · Balanced	+18.3%
75	Greenwich Plus Money Market FundGreenwich Asset Management Limited · Money Market	+18.3%
76	ARM Aggressive Growth FundARM Investment Managers Limited · Equity	+18.1%
77	ValuAlliance Money Market FundValuAlliance Asset Management Limited · Money Market	+18.0%
78	Afrinvest Plutus FundAfrinvest Asset Mgt Ltd. · Money Market	+17.9%
79	AIICO Balanced FundAIICO Capital Ltd · Balanced	+17.8%
80	Futureview Equity FundFutureview Asset Management Limited · Equity	+17.6%
81	Radix Horizon FundRadix Capital Partners Limited · Fixed Income	+17.5%
82	EDC Money Market Fund Class AEDC Fund Management Limited · Money Market	+17.4%
83	EDC Money Market Fund Class BEDC Fund Management Limited · Money Market	+17.1%
84	Legacy Money Market Fund (now FCMBAM Money Market Fund)FCMB Asset Management Limited · Money Market	+17.1%
85	Cowry Fixed Income FundCowry Treasurers Limited · Fixed Income	+16.5%
86	Balanced Strategy Fund (now Zenith Balanced Strategy Fund)Zenith Asset Management Ltd · Balanced	+16.3%
87	The Nigeria Football FundGTI Asset Management & Trust Limited · Balanced	+16.3%
88	AIICO Money Market FundAIICO Capital Ltd · Money Market	+16.2%
89	Paramount Equity FundChapel Hill Denham Mgt. Limited · Equity	+16.2%
90	First Ally Money Market FundFirst Ally Asset Management Limited · Money Market	+15.8%
91	FSDH Halal FundFSDH Asset Management Ltd · Shari'ah	+15.6%
92	Nova Prime Money Market FundNovambl Asset Management · Money Market	+15.5%
93	Nova Hybrid Balanced FundNovambl Asset Management · Balanced	+15.4%
94	GDL Money Market FundGrowth & Development Asset Management Limited · Money Market	+13.7%
95	Lead Fixed Income FundLead Asset Management Limited · Fixed Income	+11.8%
96	Marble Halal Fixed Income FundMarble Capital Limited · Shari'ah	+11.6%
97	United Capital Equity FundUnited Capital Asset Mgt. Ltd · Equity	+11.6%
98	Zenith Income FundZenith Asset Management Ltd · Fixed Income	+10.8%
99	CEAT Fixed Income FundCapital Express Asset and Trust Limited · Fixed Income	+10.3%
100	PACAM Money Market FundPAC Asset Management Limited · Money Market	+10.0%
101	Coral Income FundFSDH Asset Management Ltd · Fixed Income	+9.8%
102	Stanbic IBTC Enhanced Short-Term Fixed Income FundStanbic IBTC Asset Mgt. Limited · Fixed Income	+9.7%
103	FBN Bond Fund (now First Asset Bond Fund)FBNQuest Asset Management Limited · Fixed Income	+9.5%
104	Utica Custodian Assured Fixed Income FundUtica Capital Limited · Fixed Income	+8.8%
105	AXA Mansard Equity Income FundAXA Mansard Investments Limited · Equity	+8.4%
106	Coronation Balanced FundCoronation Asset Management · Balanced	+8.2%
107	United Capital Balanced FundUnited Capital Asset Mgt. Ltd · Balanced	+7.8%
108	FBN Halal Fund (now First Asset Halal Fund)FBNQuest Asset Management Limited · Shari'ah	+7.5%
109	United Capital Wealth for Women FundUnited Capital Asset Mgt. Ltd · Balanced	+7.4%
110	EDC Balanced FundEDC Fund Management Limited · Balanced	+7.0%
111	Guaranty Trust Fixed Income FundGuaranty Trust Fund Managers · Fixed Income	+6.2%
112	Cordros Halal Fixed Income FundCordros Asset Management Limited · Shari'ah	+6.1%
113	CardinalStone Fixed Income Alpha FundCardinalStone Asset Mgt. Limited · Fixed Income	+5.9%
114	Stanbic IBTC Shariah Fixed Income FundStanbic IBTC Asset Mgt. Limited · Shari'ah	+4.8%
115	CapitalTrust Halal Fixed Income FundCapitalTrust Investments & Asset Management Ltd. · Shari'ah	+4.3%
116	Nigeria International Debt FundAfrinvest Asset Mgt Ltd. · Fixed Income	+4.0%
117	Lotus Halal Fixed Income FundLotus Capital Limited · Shari'ah	+3.9%
118	Housing Solution FundFundco Capital Managers Limited · Real Estate	+3.5%
119	Emerging Africa Bond FundEmerging Africa Asset Management Limited · Fixed Income	+3.4%
120	United Capital Sukuk FundUnited Capital Asset Mgt. Ltd · Shari'ah	+3.4%
121	Stanbic IBTC Absolute Fund (Sub Fund) (no longer filing)Stanbic IBTC Asset Mgt. Limited · Fixed Income	+3.2%
122	Nigeria Infrastructure Debt Fund (NIDF)Chapel Hill Denham Management Limited · Real Estate	+2.9%
123	Anchoria Fixed Income FundAnchoria Asset Management Limited · Fixed Income	+2.8%
124	Cordros Fixed Income FundCordros Asset Management Limited · Fixed Income	+2.1%
125	EDC Halal FundEDC Fund Management Limited · Shari'ah	+1.9%
126	PACAM Fixed Income FundPAC Asset Management Limited · Fixed Income	+1.4%
127	Stanbic IBTC Bond FundStanbic IBTC Asset Mgt. Limited · Fixed Income	+1.3%
128	Nigeria Real Estate Investment TrustChapel Hill Denham Mgt. Limited · Real Estate	+0.8%
129	United Capital Fixed Income FundUnited Capital Asset Mgt. Ltd · Fixed Income	+0.8%
130	Stanbic IBTC Guaranteed Investment FundStanbic IBTC Asset Mgt. Limited · Fixed Income	+0.5%
131	Core Investment Money Market Fund (no longer filing)Core Asset Management Limited · Money Market	0.0%
132	Core Value Mixed Fund (no longer filing)Core Asset Management Limited · Balanced	0.0%
133	Union Homes REITSSFS Capital Nigeria Ltd · Real Estate	0.0%
134	Norrenberger Turbo Fund (NTF)Norrenberger Investment & Capital Mgt. Ltd. · Fixed Income	−0.5%
135	Nigeria Bond FundChapel Hill Denham Mgt. Limited · Fixed Income	−1.0%
136	Norrenberger Islamic FundNorrenberger Investment & Capital Mgt. Ltd. · Shari'ah	−1.0%
137	Emerging Africa Balanced-Diversity FundEmerging Africa Asset Management Limited · Balanced	−2.1%
138	EDC Fixed Income FundEDC Fund Management Limited · Fixed Income	−3.6%
139	AVA GAM Fixed Income FundAVA Global Asset Managers Limited · Fixed Income	−4.2%
140	Coronation Fixed Income FundCoronation Asset Management · Fixed Income	−5.1%
141	GDL Income FundGrowth & Development Asset Management Limited · Fixed Income	−6.4%
142	SFS Fixed Income FundSFS Capital Nigeria Ltd · Fixed Income	−9.3%
143	UPDC Real Estate Investment TrustStanbic IBTC Asset Mgt. Limited · Real Estate	−15.6%
144	PACAM Equity FundPAC Asset Management Limited · Equity	−36.7%
145	Stanbic IBTC ETF 30 FundStanbic IBTC Asset Mgt.Limited · ETF	−41.4%

Filed in 2024, not ranked

44 funds with no figure for the whole year. A dash needs a reason, so each one says why.

AIICO Eurobond Fund started filing during the year
ARM Fixed Income Fund a break in its filings spans the year
ARM Short Term Bond Fund a break in its filings spans the year
Afrinvest Dollar Fund a break in its filings spans the year
CardinalStone Dollar Fund started filing during the year
CardinalStone Equity Fund started filing during the year
CardinalStone Money Market Fund started filing during the year
Clean Energy Fund started filing during the year
Comercio Partners Dollar Fund started filing during the year
Comercio Partners Fixed Income Fund started filing during the year
Comercio Partners Money Market Fund started filing during the year
DLM Fixed Income Fund its unit price did not move once all year while it filed a weekly return: a price nobody updated, which is not a return of zero
Emerging Africa Halal Fund started filing during the year
FBN Balanced Fund (now First Asset Balanced Fund) a break in its filings spans the year
GTI Balanced Fund started filing during the year
GTI Money Market Fund started filing during the year
Guaranty Dollar Fund (now Guaranty Trust Dollar Fund) a break in its filings spans the year
Guaranty Trust Investment Fund 724 started filing during the year
Halo Equity Fund started filing during the year
Hillcrest Balanced Fund started filing during the year
Legacy Debt Fund (now FCMBAM Debt Fund) a break in its filings spans the year
Lotus Capital Halal ETF (no longer filing) a filing is missing at one edge of the year
Lotus Halal ETF a filing is missing at one edge of the year
Lotus Waqf (Endowment) Fund started filing during the year
Meristem Dollar Fund started filing during the year
Meristem Fixed Income Fund started filing during the year
Nigeria Dollar Income Fund a break in its filings spans the year
Nigeria Energy Sector Fund its unit price did not move once all year while it filed a weekly return: a price nobody updated, which is not a return of zero
Nigerian Eurobond Fund (no longer filing) started filing during the year
Nova Dollar Fixed Income Fund a break in its filings spans the year
PACAM Balanced Fund a break in its filings spans the year
RMBN Dollar Fixed Income Fund started filing during the year
RMBN Money Market Fund started filing during the year
RT Briscoe Savings & Investment Fund started filing during the year
SIAML ETF 40 a break in its filings spans the year
STL Balanced Fund started filing during the year
STL Money Market Fund started filing during the year
United Capital Stable Income Fund started filing during the year
VCG ETF a break in its filings spans the year
VI ETF a break in its filings spans the year
Vetiva S & P Nig. Sovereign Bond ETF a break in its filings spans the year
Zedcrest Dollar Fund started filing during the year
Zedcrest Fixed Income Fund started filing during the year
Zedcrest Money Market Fund started filing during the year

Built from the weekly return the SEC publishes, as it stood at the 2026-08-14 filing. A fund that changed its name is ranked once, under the name it filed in 2024.