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CFAL notify@nmailtwo.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
$2.642
Risk Level
Low
Total Net Assets
$439.004M
Q2 2023 Return
+0.95%
2023 YTD Return
+1.95%
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.
KEY FACTS
Size of Fund (June 2023) $439.004M Distribution Frequency Monthly
Inception Date August 31 2003 Minimum Initial Subscription $1,000.00
NAV Per Share (June 2023) $2.642 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 (2022) 0.53%
Currency    BSD Early Withdrawal Fee No early withdrawals permitted

Current Asset Allocation

 

Top 5 Security Holdings
Holdings (%)
Nassau Cruise Port 6.00% Fixed Bond due 06-30-40 7.15
Bahamas Gov't T-Bill due 09-27-23 4.78
BGRS 3.13% due 10-31-23 3.68
Bahamas Gov't T-Bill due 08-15-23 3.20
Bahamas Gov't T-Bill due 10-19-23 3.19

Target Asset Allocation

 

Fund Data
Avg. Current Yield 3.95%
Weighted Avg. Maturity 9.25 years
Average Duration 5.91

Returns

as of
  QTR2 YTD
Fund (%) +0.95 +1.95
Benchmark (%) +1.06 +2.13
+/- Benchmark (%) -0.11 -0.18

 

Growth of $10,000

 

as of
  1 Year 3 Year 5 Year 7 Year 10 Year Incept.
Fund (%) +3.87 +4.19 +4.11 +4.15 +4.23 +5.02
Benchmark (%) +4.25 +4.25 +4.25 +4.28 +4.45 n/a
+/- Benchmark (%) -0.38 -0.06 -0.14 -0.13 -0.22 n/

 

Returns longer than 1 year are annualized

Growth of $10,000

 

as of
  2023
YTD		 2022 2021 2020 2019 2018 2017 2016
Fund (%) +1.95 +3.87 +4.35 +4.55 +3.73 +3.97 +4.46 +4.30
Benchmark (%) +2.13 +4.25 +4.25 +4.25 +4.25 +4.25 +4.25 +4.75
+/- Benchmark (%) -0.18 -0.38 +0.10 +0.30 -0.52 -0.28 +0.21 -0.45

 

Growth of $10,000