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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
CBFL

CFAL Bond Fund Ltd.

Fund Inception Date
Aug 31 2003
NAV/ share
$2.417
Risk Level
Low
Total Net Assets
$315.987M
Q1 2021 Return
2021 YTD Return
2020 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 $315.987M Distribution Frequency Monthly
Inception Date August 31 2003 Minimum Initial Subscription $1,000.00
NAV Per Share (Mar. 2021) $2.417 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 (2019) 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 9.03
Colina Holdings Pref. 1.50% APR (currently 5.75%) 4.29
BGRS 5.65% due 10-15-49 3.77
BGRS 5.29% due 10-15-39 3.57
BGRS 5.00% due 10-15-38 3.25
Fund Data
Avg. Current Yield 5.05%
Weighted Avg. Maturity 13.93 years
Average Duration 8.19

 

Returns

as of
  QTR1 YTD
Fund (%) +1.11 +1.11
Benchmark (%) +1.06 +1.06
+/- Benchmark (%) +0.05 +0.05
as of
  1 Year 3 Year 5 Year 7 Year 10 Year Incept.
Fund (%) +4.62 +4.15 +4.22 +4.22 +4.55 +5.14
Benchmark (%) +4.25 +4.25 +4.25 +4.41 +4.64 n/a
+/- Benchmark (%) +0.37 -0.10 -0.03 -0.19 -0.09 n/a

 

Returns longer than 1 year are annualized.
as of

 

  2021
YTD
2020 2019 2018 2017 2016 2015 2014
Fund (%) +1.11 +4.55 +3.73 +3.97 +4.46 +4.30 +4.07 +4.61
Benchmark (%) +1.06 +4.25 +4.25 +4.25 +4.25 +4.75 +4.75 +5.12
+/- Benchmark (%) +0.05 +0.30 -0.52 -0.28 +0.21 -0.45 -0.68 -0.51

 

Growth of $10,000