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
CGBFL

CFAL Global Bond Fund Ltd.

Fund Inception Date
Jun 30 2008
NAV/ share
$176.299
Risk Level
Moderate
Total Net Assets
$8.986M
Q3 2017 Return
YTD Return
2016 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 $8.986M Distribution Frequency Quarterly
Inception Date June 30 2008 Minimum Initial Subscription $5,000.00 + 1.75% stamp tax
NAV Per Share (Sept. 2017) $176.299 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 14.24
Commonwealth of the Bahamas 6.95% due 11-20-29 12.87
Cable Bahamas Series 8 USD Pref. Shares due 2024 11.04
NAD 7.00% due 11-30-33 6.14
Bermuda Gov’t 4.854% due 02-06-24 6.08
FUND DATA
Avg. Current Yield 4.84%
Weighted Avg. Maturity 7.78 years
Average Duration 5.12
 

 

PORTFOLIO DURATION ALLOCATION
Duration % of Bond Holdings YTM Avg. Duration
Under 1 year 10.10 1.30 0.20
1 – 3 years 23.30 2.20 2.20
3 – 5 years 12.20 2.60 3.50
5 – 7 years 11.00 4.80 5.40
7 – 10 years 43.30 7.70 8.30
CREDIT QUALITY
S&P Rating (%)
AAA – A- 34.60
BBB+ 9.10
BB+ 19.30
Not Rated 37.00

Returns

as of
  QTR3 YTD
Fund (%) +1.15 +4.66  
Benchmark (%) +1.08 +4.44  
+/- Benchmark (%) +0.07 +0.22  

 

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 (%) +3.89 +5.28 +5.02 +6.38 N/A +6.32
Benchmark (%) -0.34 +3.74 +2.74 +4.20 N/A N/A
+/- Benchmark (%) +4.23 +1.54 +2.28 +2.18 N/A 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 (%)

+1.69

+3.82 +7.13 +6.95 +5.40 +3.37 +3.62 +2.92
Benchmark (%) -1.84 +4.20 +9.78 +8.24 +5.64 +2.18 -1.57 -0.19
+/- Benchmark (%) +3.53 -0.38 -2.65 -1.29 -0.24 +1.19 +5.19 +3.11

 

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.