Warning For a better experience on CFAL,  update your browser.
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
$2.204
Risk Level
Low
Total Net Assets
$245.442M
Q4 2018 Return
2018 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 $245.442M Distribution Frequency Monthly
Inception Date August 31 2003 Minimum Initial Subscription $1,000.00
NAV Per Share (Dec. 2018) $2.204 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%) 5.56
BGRS 5.20% due 07-14-37 3.09
Cable Bahamas Ltd. Series 6 Pref. due 05-16-24 2.49
BGRS 5.00% due 10-15-38 2.44
BGRS 5.06% due 07-13-38 2.36
Fund Data
Avg. Current Yield 4.31%
Weighted Avg. Maturity 8.41 years
Average Duration 5.59

 

Returns

as of
  QTR4 YTD
Fund (%) +1.04 +3.97
Benchmark (%) +1.06 +4.25
+/- Benchmark (%) -0.02 -0.28
as of
  1 Year 3 Year 5 Year 7 Year 10 Year Incept.
Fund (%) +3.97 +4.24 +4.28 +4.61 +5.00 +5.29
Benchmark (%) +4.25 +4.42 +4.63 +4.77 +5.06 n/a
+/- Benchmark (%) -0.28 -0.18 -0.35 -0.16 -0.06 n/a

 

Returns longer then 1 year are annualized
as of
  2018 2017 2016 2015 2014 2013 2012 2011
Fund (%) +3.97 +4.46 +4.30 +4.07 +4.61 +5.18 +5.67 +5.39
Benchmark (%) +4.25 +4.25 +4.75 +4.75 +5.12 +5.12 +5.12 +5.13
+/- Benchmark (%) -0.28 +0.21 -0.41 -0.68 -0.51 +0.06 +0.55 +0.26