The Norrenberger Money Market Fund (NMMF) and Norrenberger Islamic Fund (NIF) performance in the month of April 2022.
As of the end of Q1 2022, the Norrenberger Mutual Funds (Norrenberger Money Market Fund and Islamic Fund) were listed in the top five performing funds in their categories.
Norrenberger Money Market Fund
The Norrenberger Money Market Fund averaged 9.14% in Q1 2022, improving from the Q4 2021 average yield of 8.46%. According to the SEC, as of 1st April 2022, the fund ranked 4th best-performing Money Market Fund.
Norrenberger Islamic Fund
The Norrenberger Islamic Fund in Q1 2022 recognized significant improvement in its average yield over Q4 2021 average performance. In Q1 2022, the shari’ah compliant fund recognized an average yield of 8.55% compared to 7.64% recorded in Q4 2021. As of the end of the quarter, the Norrenberger Islamic Fund ranked 2nd amongst other Shariah-compliant funds in the industry, according to the Securities and Exchange Commission.
The Funds have grown by 37.33% in Q1 alone, and the Fund Manager continues to ensure optimal performance of both Funds. The SEC (Securities and Exchange Commission) recently released new data for mutual funds, our funds were once again among the top-performing funds.
Below is the most recent ranking by the SEC as of 14th April 2022.
NMMF seeks to provide capital preservation, steady income, liquidity, diversification, and competitive returns to investors in the money market. NIF aims to offer Shariah-compliant-minded investors liquidity and competitive returns by investing in Shariah-compliant instruments of good investment grade.
Norrenberger remains committed to being your trusted investment partner in wealth creation. Thank you for allowing us to be of service to you.
You can learn more about our mutual funds by clicking here.
