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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
$2.096
Risk Level
Low
Total Net Assets
$201.368M
Q3 2017 Return
YTD Return
2016 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 $201.368M Distribution Frequency Monthly
Inception Date August 31 2003 Minimum Initial Subscription $1,000.00
NAV Per Share (Sept. 2017) $2.096 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 0.60%
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%) 6.75
BGRS 5.20% due 07-14-37 3.71
NAD Series B USD Part. Debt 13.00% due 03-29-34 3.05
Cable Bahamas Ltd. Series 6 Pref. due 05-16-24 3.03
Be Aliv Series B Notes 8.50% due 03-31-31 2.80
Fund Data
Avg. Current Yield 4.70%
Weighted Avg. Maturity 8.40 years
Average Duration 5.41

 

Returns

as of
  QTR3 YTD
Fund (%) +0.92 +3.29
Benchmark (%) +1.06 +3.19
+/- Benchmark (%) -0.14 +0.10

 

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 (%) +4.48 +4.25 +4.57 +4.84 +5.11 +5.39
Benchmark (%) +4.38 +4.61 +4.83 +4.97 +5.25 N/A
+/- Benchmark (%) +0.10 -0.36 -0.26 -0.13 -0.14 N/A

 

Returns longer then 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
  2017
YTD
2016 2015 2014 2013 2012 2011 2010
Fund (%) +3.29 +4.30 +4.07 +4.61 +5.18 +5.67 +5.39 +6.08
Benchmark (%) +3.19 +4.75 +4.75 +5.12 +5.12 +5.12 +5.13 +5.88
+/- Benchmark (%) +0.10 -0.45 -0.68 -0.51 +0.06 +0.55 +0.26 +0.20

 

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.