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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
$2.519
Risk Level
Low
Total Net Assets
$380.350M
Q1 2022 Return
2021 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 (March 2022) $380.350M Distribution Frequency Monthly
Inception Date August 31 2003 Minimum Initial Subscription $1,000.00
NAV Per Share (March 2022) $2.519 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 7.27
Bahamas Gov't T-Bill due 08-16-22 5.12
Bahamas Gov't T-Bill due 06-28-22 4.52
BGRS 3.10% due 10-29-22 3.96
Colina Holdings Pref 1.50% APR 3.62
Fund Data
Avg. Current Yield 4.45%
Weighted Avg. Maturity 11.09 years
Average Duration 6.71

 

Returns

as of
  QTR1 YTD
Fund (%) +0.99 +0.99
Benchmark (%) +1.06 +1.06
+/- Benchmark (%) -0.07 -0.07

 

Growth of $10,000

 

 

as of
  1 Year 3 Year 5 Year 7 Year 10 Year Incept.
Fund (%) +4.22 +4.23 +4.17 +4.20 +4.43 +5.09
Benchmark (%) +4.25 +4.25 +4.25 +4.39 +4.55 n/a
+/- Benchmark (%) -0.03 -0.02 -0.08 -0.19 -0.12 n/a

 

Returns longer than 1 year are annualized
as of
  2017
YTD
2016 2015 2014 2013 2012 2011 2010
Fund (%)                
Benchmark (%)                
+/- Benchmark (%)