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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
$2.566
Risk Level
Low
Total Net Assets
$416.465M
Q3 2022 Return
2022 Return
2021 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 (Sept 2022) $416.465M Distribution Frequency Monthly
Inception Date August 31 2003 Minimum Initial Subscription $1,000.00
NAV Per Share (Sept 2022) $2.566 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 6.63
Bahamas Gov't T-Bill due 12-27-22 5.87
BGRS 3.10% due 10-29-22 3.61
Colina Holdings Pref 1.50% APR 3.30
Bahamas Gov't T-Bill due 11-15-22 3.18
Fund Data
Avg. Current Yield 4.16%
Weighted Avg. Maturity 9.97 years
Average Duration 6.14

 

Returns

as of
  QTR3 YTD
Fund (%) +0.90 +2.86
Benchmark (%) +1.04 +3.19
+/- Benchmark (%) -0.14 -0.33

 

Growth of $10,000

 

as of
  1 Year 3 Year 5 Year 7 Year 10 Year Incept.
Fund (%) +3.94 +4.24 +4.13 +4.18 +4.35 +5.06
Benchmark (%) +4.25 +4.25 +4.25 +4.34 +4.53 n/a
+/- Benchmark (%) -0.31 -0.01 -0.12 -0.16 -0.18 n/a

 

Returns longer than 1 year are annualized
as of
  2022
YTD
2021 2020 2019 2018 2017 2016 2015
Fund (%) +2.86 +4.35 +4.55 +3.73 +3.97 +4.46 +4.30 +4.07
Benchmark (%) +3.19 +4.25 +4.25 +4.25 +4.25 +4.25 +4.75 +4.75
+/- Benchmark (%) -0.33 +0.10 +0.30 -0.52 -0.28 +0.21 -0.45 -0.68