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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
$2.287
Risk Level
Low
Total Net Assets
$284.501M
Q4 2019 Return
2019 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 $284.501M Distribution Frequency Monthly
Inception Date August 31 2003 Minimum Initial Subscription $1,000.00
NAV Per Share (Dec. 2019) $2.287 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%) 4.82
BGRS 5.29% due 10-15-39 3.25
BGRS 5.65% due 10-15-49 2.85
BGRS 5.20% due 07-14-37 2.65
BGRS 5.40% due 08-26-36 2.24
Fund Data
Avg. Current Yield 4.59%
Weighted Avg. Maturity 12.23 years
Average Duration 7.43

 

Returns

as of
  QTR4 YTD
Fund (%) +0.93 +3.73
Benchmark (%) +1.06 +4.25
+/- Benchmark (%) -0.13 -0.52

 

 Growth of $10,000

as of
  1 Year 3 Year 5 Year 7 Year 10 Year Incept.
Fund (%) +3.73 +4.05 +4.11 +4.33 +4.74 +5.19
Benchmark (%) +4.25 +4.25 +4.45 +4.64 +4.90 n/a
+/- Benchmark (%) -0.52 -0.20 -0.34 -0.31 -0.16 n/a

 

Returns longer than 1 year are annualized

 Growth of $10,000

 

as of
  2019 2018 2017 2016 2015 2014 2013 2012
Fund (%) +3.73 +3.97 +4.46 +4.30 +4.07 +4.61 +5.18 +5.67
Benchmark (%) +4.25 +4.25 +4.25 +4.75 +4.75 +5.12 +5.12 +5.12
+/- Benchmark (%) -0.52 -0.28 +0.21 -0.45 -0.68 -0.51 +0.06 +0.55

 

 Growth of $10,000