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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
$2.469
Risk Level
Low
Total Net Assets
$337.68M
Q3 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 $347.68M Distribution Frequency Monthly
Inception Date August 31 2003 Minimum Initial Subscription $1,000.00
NAV Per Share (Sept. 2021) $2.469 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 (2020) 0.55%
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 7.78
Bahamas Gov't T-Bill due 12-28-21 4.19
Colina Holdings Pref. 1.50% APR (currently 5.75%) 3.87
BGRS 5.65% due 10-15-49 3.40
Bahamas Gov't T-Bill due 11-16-21 3.31
Fund Data
Avg. Current Yield 4.68%
Weighted Avg. Maturity 12.54 years
Average Duration 7.50

 

Returns

as of
  QTR3 YTD
Fund (%) +1.05 +3.27
Benchmark (%) +1.06 +3.19
+/- Benchmark (%) -0.01 +0.08

 

Growth of $10,000

 

as of
  1 Year 3 Year 5 Year 7 Year 10 Year Incept.
Fund (%) +4.47 +4.21 +4.23 +4.20 +4.48 +5.12
Benchmark (%) +4.25 +4.25 +4.25 +4.40 +4.62 n/a
+/- Benchmark (%) +0.22 -0.04 -0.02 -0.20 -0.14 n/a

 

Returns longer than 1 year are annualized

Growth of $10,000

 

as of
  2021
YTD
2020 2019 2018 2017 2016 2015 2014
Fund (%) +3.27 +4.55 +3.73 +3.97 +4.46 +4.30 +4.07 +4.61
Benchmark (%) +3.19 +4.25 +4.25 +4.25 +4.25 +4.75 +4.75 +5.12
+/- Benchmark (%) +0.08 +0.30 -0.52 -0.28 +0.21 -0.45 -0.68 -0.51

 

Growth of $10,000