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CFAL cfalnoreply@websiteinquiries.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
$2.617
Risk Level
Low
Total Net Assets
$432.319M
Q1 2023 Return
+0.99%
2023 YTD Return
+0.99%
2022 Return
+3.87%
  • 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 (Mar 2023) $432.319 Distribution Frequency Monthly
Inception Date August 31 2003 Minimum Initial Subscription $1,000.00
NAV Per Share (Mar 2023) $2.617 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 (2021) 0.52%
Currency    BSD Early Withdrawal Fee No early withdrawals permitted

Current Asset Allocation

Target Asset Allocation

 

Top 5 Security Holdings
Holdings (%)
Nassau Cruise Port 8.00% Fixed Bond due 06-30-40 6.40
Bahamas Gov't T-Bill due 06-28-23 4.52
Bahamas Gov't T-Bill due 05-16-23 4.37
BGRS 3.13% due 10-31-23 3.95
Bahamas Gov't T-Bill due 04-20-23 3.43
Fund Data
Avg. Current Yield 4.06%
Weighted Avg. Maturity 9.37 years
Average Duration 5.85

 

Returns

as of
  QTR1 YTD
Fund (%) +0.99 +0.99
Benchmark (%) +1.06 +1.06
+/- Benchmark (%) -0.07 -0.07
as of
  1 Year 3 Year 5 Year 7 Year 10 Year Incept.
Fund (%) +3.87 +4.23 +4.10 +4.17 +4.27 +5.03
Benchmark (%) +4.25 +4.25 +4.25 +4.30 +4.45 n/a
+/- Benchmark (%) -0.38 -0.02 -0.15 -0.13 -0.18 n/a

 

Returns longer than 1 year are annualized
as of
  2023
YTD		 2022 2021 2020 2019 2018 2017 2016
Fund (%) +0.99 +3.87 +4.35 +4.55 +3.73 +3.97 +4.46 +4.30
Benchmark (%) +1.06 +4.25 +4.25 +4.25 +4.25 +4.25 +4.25 +4.75
+/- Benchmark (%) -0.07 -0.38 +0.10 +0.30 -0.52 -0.28 +0.21 -0.45