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CFAL info@cfal.com +1 (242) 502-7010 Website related description
The Bahamas P.O.Box CB-12407 Nassau New Providence The Bahamas The Bahamas
CBFL

CFAL Bond Fund Ltd.

Fund Inception Date
Aug 31 2003
NAV/ share
$2.266
Risk Level
Low
Total Net Assets
$278.716M
Q3 2019 Return
2019 YTD Return
2018 Return
  • Investment Objective: CFAL Bond Fund, Ltd. (“the Fund”) seeks to preserve the principal value of the investment while returning a yield approximately equal to the local prime rate (currently 4.25%).
  • Investment Strategy: The Fund will pursue its objective by investing primarily in a diversified mix of high yield, high quality short-term and long-term fixed income securities. These investments may include corporate bonds and commercial papers, mortgage-related and asset backed securities, government registered stocks and preferred stock investments.
  • Fund Suitability: This strategy is suitable for conservative investors seeking current income and relatively secure capital.
Size of Fund $278.716M Distribution Frequency Monthly
Inception Date August 31 2003 Minimum Initial Subscription $1,000.00
NAV Per Share (Sept. 2019) $2.266 Minimum Additional Subscription $100.00
Benchmark    Local Prime Rate (currently 4.25%) Management Fees 0.50% p.a.
Asset Class Fixed Income Subscription/ redemption fees 0.00%
Risk Level Low Expense Ratio (2018) 0.53%
Currency    BSD Early Withdrawal Fee No early withdrawals permitted

Current Asset Allocation

Target Asset Allocation

 

Top 5 Security Holdings
Holdings (%)
Colina Holdings Pref. 1.50% APR (currently 5.75%) 4.96
BGRS 5.20% due 07-14-37 2.69
BGRS 5.40% due 08-26-36 2.27
Cable Bahamas Ltd. Series 6 Pref. due 05-16-24 2.23
BGRS 5.00% due 10-15-38  2.19
Fund Data
Avg. Current Yield 4.47%
Weighted Avg. Maturity 10.90 years
Average Duration 6.81

 

Returns

as of
  QTR3 YTD
Fund (%) +0.89 +2.77
Benchmark (%) +1.06 +3.19
+/- Benchmark (%) -0.17 -0.42

 

Growth of $10,000

 Disclaimer: The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.

as of
  1 Year 3 Year 5 Year 7 Year 10 Year Incept.
Fund (%) +3.84 +4.13 +4.13 +4.40 +4.87 +5.21
Benchmark (%) +4.25 +4.25 +4.46 +4.66 +4.92 n/a
+/- Benchmark (%) -0.41 -0.12 -0.33 -0.26 -0.05 n/a

 

Returns longer than 1 year are annualized

 

Growth of $10,000

Disclaimer: The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.

as of
  2019
YTD
2018 2017 2016 2015 2014 2013 2012
Fund (%) +2.77 +3.97 +4.46 +4.30 +4.07 +4.61 +5.18 +5.67
Benchmark (%) +3.19 +4.25 +4.25 +4.75 +4.75 +5.12 +5.12 +5.12
+/- Benchmark (%) -0.42 -0.28 +0.21 -0.45 -0.68 -0.51 +0.06 +0.55

 

 

Growth of $10,000

Disclaimer: The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.