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CFAL notify@nmailtwo.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 Fact Sheet Performance Report
Fund Inception Date
Aug 31 2003
NAV/ share
$2.745
Risk Level
Low
Total Net Assets
$520.653M
Q2 2024 Return
0.94%
2024 YTD Return
+1.90%
2023 Return
+3.95%
  • 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.
KEY FACTS
Size of Fund (June 2024) $520.653M Distribution Frequency Monthly
Inception Date August 31 2003 Minimum Initial Subscription $1,000.00
NAV Per Share (June 2024) $2.745 Minimum Additional Subscription $100.00
Benchmark    Local Prime Rate (currently 4.25%) Management Fees 0.50% p.a.
Asset Class Fixed Income Subscription/ redemption fees 0.00%
Risk Level Low Expense Ratio (2023) 0.53%
Currency    BSD Early Withdrawal Fee No early withdrawals permitted

Current Asset Allocation                                                                        Target Asset Allocation

                      

FUND DATA
Avg. Current Yield 3.97%
Weighted Avg. Maturity 8.25 years
Average Duration 5.47
TOP 5 SECURITY HOLDINGS
Holding %
Nassau Cruise Port 6.00% Fixed Rate Bond due 06-30-40 6.37%
Bahamas Govt. T-Bill due 08-13-24 4.83%
BGRS 3.20% due 10-31-24 3.27%
Bahamas Govt. T-Bill due 08-13-24 3.22%
BGRS 4.09% due 10-16-28 2.97%

              

Returns

as of
  QTR2 YTD
Fund (%) +0.94 +1.90
Benchmark (%) +1.05 +2.12
+/- Benchmark (%) -0.11 -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 (%) +3.91 +3.95 +4.10 +4.06 +4.13 +4.96
Benchmark (%) +4.25 +4.25 +4.25 +4.25 +4.37 n/a
+/- Benchmark (%) -0.34 -0.30 -0.15 -0.15 -0.24 n/a

 

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.

 

Returns longer than 1 year are annualized
as of
  2024
YTD		 2023 2022 2021 2020 2019 2018 2017
Fund (%) +1.90 +3.95 +3.87 +4.35 +4.55 +3.73 +3.97 +4.46
Benchmark (%) +2.12 +4.25 +4.25 +4.25 +4.25 +4.25 +4.25 +4.25
+/- Benchmark (%) -0.22 -0.30 -0.38 +0.10 +0.30 -0.52 -0.28 +0.21

 

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.