If you are looking for a stable, income-producing investment in Kenya, the Jubilee Fixed Income Fund KES stands out as one of the strongest performers in the market today. It is designed for investors who want predictable returns, consistent monthly income, and lower volatility compared to equities and alternative assets.
Since its launch in November 2023, the fund has grown rapidly, reaching KES 3.39 billion in assets under management by June 2025. It has also delivered double-digit effective annual yields across most months, making it an attractive option for both conservative and growth-oriented investors.
This guide breaks down everything you need to know — performance, yields, fees, asset allocation, investment strategy, risk profile, and how it compares to similar funds.
What Is the Jubilee Fixed Income Fund KES?
The Jubilee Fixed Income Fund KES is a unit trust that invests primarily in government bonds, corporate bonds, commercial paper, and high-quality deposits to generate monthly income and moderate capital growth.
It is suited for investors who want higher returns than bank deposits with significantly lower volatility than equities.
Fund Overview
| Item | Detail |
| Fund Name | Jubilee Fixed Income Fund (KES) |
| Fund Type | KES-denominated fixed income unit trust |
| Inception Date | 1 November 2023 |
| Fund Size (AUM) | KES 3,397,612,129 (June 2025) |
| Number of Units | 33,976,121 |
| Unit Price (NAV) | KES 100 |
| Income Distribution | Monthly |
| Benchmark | S&P Kenya Sovereign Bond Index (60%) + Average Bank Deposit Rate (40%) |
| Initial Minimum Investment | KES 5,000 |
| Minimum Top-up | KES 1,000 |
| Initial/Exit Fees | 0% |
| Management Fee | 2.00% p.a. (exclusive of VAT) |
| Other Expenses | 0.26% p.a. |
| Total Expense Ratio (TER) | 2.61% p.a. (inclusive of VAT) |
| Transaction Costs (TC) | 0% |
| Total Investment Charge (TIC) | 2.61% p.a. |
| Trustee & Custodian | Standard Chartered Bank Kenya Limited |
This structure makes the fund accessible, liquid, and cost-efficient, especially for long-term income investors.
How the Jubilee Fixed Income Fund KES Works
The fund aims to achieve a high level of income with moderate capital appreciation. It does this by investing in interest-bearing securities that deliver predictable cash flows.
The investment manager focuses on balancing income, liquidity, and capital protection by deploying assets across a diversified basket of fixed-income instruments. Monthly distributions make the fund appealing for investors who want regular income or prefer to reinvest for compounding.
Key Investment Instruments
The Jubilee Fixed Income Fund KES primarily invests in:
- Medium to long-term government bonds
- High-quality commercial papers
- Corporate bonds
- Call and fixed deposits
- A small allocation to investment-grade funds to boost yield
This combination ensures a stable income while maintaining strong diversification.
Why It Is Classified as Low Risk
The fund is considered low risk due to:
- A heavy allocation to the Government of Kenya securities
- Diversification across multiple maturities and issuers
- Limited exposure to vetted commercial paper and corporate bonds
- Healthy liquidity is maintained in call deposits and short-term instruments
- A consistent history of low volatility since inception
For an investor seeking safety and dependable returns, this fund checks the key boxes.
Asset Allocation Breakdown
The June 2025 Jubilee Fixed Income Fund factsheet shows the following allocation:
| Asset Class | Allocation (June 2025) |
| Government Securities | 71.3% |
| Cash & Call Deposits | 11.1% |
| Commercial Papers | 7.8% |
| Investment Fund | 5.9% |
| Term Deposits | 3.9% |
| Total | 100% |
Government securities form the backbone of the fund, providing strong stability and predictable income. Commercial paper and term deposits enhance overall returns without significantly increasing risk.
Duration Exposure
| Duration | Allocation |
| 0–1 Month | 23.7% |
| 1–3 Months | 3.2% |
| 3–12 Months | 4.3% |
| Above 12 Months | 68.8% |
This structure enables the fund to generate a monthly income while capturing higher yields from longer-duration bonds.
Performance & Effective Annual Yield
The two critical yield figures investors should note are:
| Source | Effective Annual Yield |
| June 2025 (Official Factsheet) | 11.34% |
| Nov 2025 (Market Snapshot) | 11.00% |
The difference reflects shifting market conditions.
Cumulative Performance
| Period | Fund Return | Benchmark Return |
| Year to Date (June 2025) | 6.1% | 5.8% |
| 1 Year | 13.8% | 12.8% |
| Since Inception | 25.0% | 22.4% |
The fund has consistently outperformed its benchmark.
Costs, Fees & Minimum Requirements
Fee Structure
- Management Fee: 2.00% p.a.
- Other Expenses: 0.26% p.a.
- Total Expense Ratio (TER): 2.61% p.a.
- Transaction Costs: 0%
- Initial and Exit Fees: 0%
All reported yields are net of fund fees but gross of withholding tax.
Minimums
- KES 5,000 to open an account
- KES 1,000 per top-up
This makes the fund accessible to a wide range of investors.
Ideal Investor
This fund is ideal for:
- Professionals seeking predictable income
- Retirees relying on stable payouts
- Long-term savers who prefer low-risk strategies
- Investors building a balanced portfolio
- Anyone seeking moderate growth without equity volatility
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How Jubilee Compares to Other Fixed Income Funds
| Fund | EA Yield (Approx.) |
| Britam Bond Plus Fund | ~11.20% |
| Jubilee Fixed Income Fund KES | 11.00–11.34% |
| Zimele Fixed Income Fund | ~10.90% |
| Etica Fixed Income Fund | ~10.70% |
| NCBA Fixed Income Fund | ~7.82% |
Jubilee sits comfortably in the upper tier of the fixed-income category.
How to Invest in the Fixed Income Fund
- Create an account through Jubilee’s online platform or branch.
- Complete the required KYC documentation.
- Deposit your initial minimum investment of KES 5,000.
- Top up anytime from KES 1,000.
- Choose whether to reinvest or withdraw monthly distributions.
- Withdrawals are based on daily NAV pricing for transparency and fairness.
Also Read: Arvocap Almasi Fixed Income Accumulation Fund Review
FAQs
What does the Jubilee Fixed Income Fund KES invest in?
The Jubilee Fixed Income Fund KES invests in government bonds, high-quality commercial papers, corporate bonds, call deposits, and fixed deposits. This diversified blend ensures the fund earns a consistent monthly income while prudently managing risk. The heavy reliance on the Government of Kenya securities provides strong stability, while corporate instruments help boost overall yield.
Is the Jubilee Fixed Income Fund KES a safe investment?
The Jubilee Fixed Income Fund KES is considered low risk because it invests primarily in government-backed securities and well-vetted corporate instruments. These assets possess strong credit quality and predictable cash flows, which shield investors from significant market fluctuations. While no investment is risk-free, this fund maintains a stable return pattern with very low volatility.
How often does the Jubilee Fixed Income Fund KES pay out income?
The Jubilee Fixed Income Fund KES pays income every month, making it a suitable choice for investors who want a frequent cash flow. These monthly distributions come from interest earned on the underlying bonds and deposits. Investors can choose to reinvest the payouts to accelerate compounding or receive them as cash for ongoing needs.
What yield should I expect from the fund?
The Jubilee Fixed Income Fund KES has delivered effective annual yields between 11.0% and 11.34% based on 2025 performance data. The exact yield will vary depending on interest-rate trends, bond yields, and commercial paper pricing. However, it has consistently produced double-digit returns since its inception, making it one of the strong performers in the fixed-income category.
What is the minimum amount required to start investing?
You can start investing in the Jubilee Fixed Income Fund KES with as little as KES 5,000, making it accessible to a wide range of professionals and savers. After that, you can top up your account from just KES 1,000 whenever you want. This structure enables you to build your investment consistently over time without requiring a large lump sum.
Are the returns guaranteed?
Returns from the Jubilee Fixed Income Fund KES are not guaranteed because they depend on market interest rates and the performance of underlying fixed-income securities. However, the fund has recorded positive returns every month since its launch, thanks to its disciplined asset allocation. Its strong focus on government securities helps it maintain stable performance even in changing market conditions.
Can I withdraw my money from the fund KES at any time?
Yes, the Jubilee Fixed Income Fund KES allows withdrawals, and it is considered highly liquid. Redemptions are processed based on the daily Net Asset Value (NAV), ensuring transparent pricing and fair valuation. As long as your request is submitted before the cut-off time, your funds are typically processed quickly and conveniently.
Who should invest in the fund KES?
The Jubilee Fixed Income Fund in KES is ideal for investors seeking predictable income, low volatility, and moderate long-term growth. It suits professionals seeking passive income, retirees looking for stable payout streams, and anyone building a conservative investment foundation. It also serves as a valuable fixed-income component in a diversified portfolio.
Does the Jubilee Fixed Income Fund KES help protect my capital?
While the Jubilee Fixed Income Fund KES does not guarantee capital preservation, its structure is designed to minimize capital loss by investing in secure, interest-bearing instruments. Government bonds form the bulk of the portfolio, providing stability and strong credit safety. Over time, this approach helps protect investor capital while delivering steady, recurring income.
