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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
CGBFL

CFAL Global Bond Fund Ltd.

Fund Inception Date
Jun 30 2008
NAV/ share
$179.394
Risk Level
Moderate
Total Net Assets
$9.796M
Q1 2018 Return
2018 YTD Return
2017 Return
  • Investment Objective: CFAL Global Bond Fund, Ltd. (“Global Bond Fund”) seeks a high total risk adjusted investment return by investing in a global portfolio of investment grade and non-investment grade fixed income securities. The Fund will be managed for return on principal and return of principal.
  • Investment Strategy: The Fund will pursue its objective by investing in U.S. Government Bonds and high-quality corporate bonds, U.S. dollar denominated debt and debt-like securities of issuers domiciled outside the U.S. In evaluating securities, the Investment Manager will utilize its internal credit analysis resources as well as financial and economic information obtained from other resources.
  • Fund Suitability: This strategy is for long-term investors who seek high total return without undue risk to principal.
Size of Fund $9.796M Distribution Frequency Quarterly
Inception Date June 30 2008 Minimum Initial Subscription $5,000.00 + 1.75% stamp tax
NAV Per Share (Mar. 2018)                               $179.394 Minimum Additional Subscription                   $1,000.00
Benchmark    The BofA Merrill Lynch 7-10 Year US Corporate & Government Index Management Fees 0.00% p.a.
Asset Class Fixed Income Front-load/ back-load fees 0.00%
Risk Level Moderate Expense Ratio 0.14%
Currency    USD Early Withdrawal Fee No early withdrawals permitted

Current Asset Allocation

Target Asset Allocation

 

TOP 5 SECURITY HOLDINGS
Holdings (%)
NAD 8.50% USD due 03-30-32 12.48
Commonwealth of the Bahamas 6.95% due 11-20-29 11.64
Cable Bahamas Series 8 USD Pref. Shares due 2024 9.93
US Treasury Note 1.00% due 05-31-18 6.97
NAD 7.00% due 11-30-33 5.44
FUND DATA
Avg. Current Yield 4.78%
Weighted Avg. Maturity 7.24 years
Average Duration 4.86
 

 

PORTFOLIO DURATION ALLOCATION
Duration % of Bond Holdings YTM Avg. Duration
Under 1 year 9.30 1.10 0.20
1 – 3 years 30.70 2.30 2.10
3 – 5 years 9.40 3.80 3.80
5 – 7 years 9.10 6.90 5.50
7 – 10 years 41.40 7.20 8.10
CREDIT QUALITY
S&P Rating (%)
AAA – A- 44.60
BBB+ 8.10
BB+ 22.40
Not Rated 24.80

Returns

as of
  QTR1 YTD
Fund (%) +0.39 +0.39
Benchmark (%) -3.27 -3.27
+/- Benchmark (%) +3.66 +3.66

 

Growth of $10,000 

as of
  1 Year 3 Year 5 Year 7 Year 10 Year Incept.
Fund (%) +5.05 +4.61 +4.33 +6.35 n/a +6.17
Benchmark (%)-0.06 -0.06 +1.06 +1.95 +4.14 n/a n/a
+/- Benchmark (%) +5.11 +3.55 +2.38 +2.21 n/a 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 (%) +0.39 +6.08 +3.95 +5.54 +7.86 +0.06 +12.68 +10.69
Benchmark (%) -3.27 +4.76 +3.60 +1.00 +8.70 -4.41 +8.33 +12.00
+/- Benchmark (%) +3.66 +1.32 +0.35 +4.54 -0.84 +4.47 +4.35 -1.31

 

Growth of $10,000