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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
$2.182
Risk Level
Low
Total Net Assets
$234.122M
Q3 2018 Return
2018 YTD Return
2017 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 $234.122M Distribution Frequency Monthly
Inception Date August 31 2003 Minimum Initial Subscription $1,000.00
NAV Per Share (Sept. 2018) $2.182 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 (2017) 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%) 5.80
BGRS 5.20% due 07-14-37 3.19
NAD Series B USD Part. Debt 13.00% due 03-30-34 2.97
Cable Bahamas Ltd. Series 6 Pref. due 05-16-24 2.60
BGRS 5.06% due 07-13-38 2.44
Fund Data
Avg. Current Yield 4.43%
Weighted Avg. Maturity 7.93 years
Average Duration 5.19

 

Returns

as of
  QTR3 YTD
Fund (%) +1.01 +2.90
Benchmark (%) +1.06 +3.19
+/- Benchmark (%) -0.05 -0.29

 

Growth of $10,000

 

as of
  1 Year 3 Year 5 Year 7 Year 10 Year Incept.
Fund (%) +4.07 +4.24 +4.32 +4.60 +5.02 +5.31
Benchmark (%) +4.25 +4.43 +4.64 +4.79 +5.08 n/a
+/- Benchmark (%) -0.18 -0.19 -0.32 -0.19 -0.06 n/a

 

Returns longer then 1 year are annualized

Growth of $10,000

 

as of
  2018
YTD
2017 2016 2015 2014 2013 2012 2011
Fund (%) +2.90 +4.46 +4.30 +4.07 +4.61 +5.18 +5.67 +5.39
Benchmark (%) +3.19 +4.25 +4.75 +4.75 +5.12 +5.12 +5.12 +5.13
+/- Benchmark (%) -0.29 +0.21 -0.45 -0.68 -0.51 +0.06 +0.55 +0.26

 

 

Growth of $10,000