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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
$2.245
Risk Level
Low
Total Net Assets
$259.556M
Q2 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 $259.556M Distribution Frequency Monthly
Inception Date August 31 2003 Minimum Initial Subscription $1,000.00
NAV Per Share (June 2019) $2.245 Minimum Additional Subscription $100.00
Benchmark    Local Prime Rate (currently 4.25%) Management Fees 0.50% p.a.
Asset Class Fixed Income Front-load/ back-load 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%) 5.31
BGRS 5.20% due 07-14-37 2.92
Cable Bahamas Ltd. Series 6 Pref. due 05-16-24 2.40
BGRS 5.00% due 10-15-38 2.32
BGRS 5.06% due 07-13-38 2.24
Fund Data
Avg. Current Yield 4.48%
Weighted Avg. Maturity 10.23 years
Average Duration 6.45

 

Returns

as of
  QTR2 YTD
Fund (%) +0.95 +1.86
Benchmark (%) +1.06 +2.13
+/- Benchmark (%) -0.11 -0.27
as of
  1 Year 3 Year 5 Year 7 Year 10 Year Incept.
Fund (%) +3.97 +4.17 +4.17 +4.45 +4.94 +5.24
Benchmark (%) +4.25 +4.25 +4.47 +4.67 +4.93 n/a
+/- Benchmark (%) -0.28 -0.08 -0.30 -0.22 +0.01 n/a

 

Returns longer then 1 year are annualized
as of
  2019
YTD
2018 2017 2016 2015 2014 2013 2012
Fund (%) +1.86 +3.97 +4.46 +4.30 +4.07 +4.61 +5.18 +5.67
Benchmark (%) +2.13 +4.25 +4.25 +4.75 +4.75 +5.12 +5.12 +5.12
+/- Benchmark (%) -0.27 -0.28 +0.21 -0.45 -0.68 -0.51 +0.06 +0.55