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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
$2.391
Risk Level
Low
Total Net Assets
$299.175M
Q4 2020 Return
2020 YTD Return
2019 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 $299.175M Distribution Frequency Monthly
Inception Date August 31 2003 Minimum Initial Subscription $1,000.00
NAV Per Share (Dec. 2020) $2.391 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 9.50
Colina Holdings Pref. 1.50% APR (currently 5.75%) 4.60
BGRS 5.65% due 10-15-49 3.90
BGRS 5.29% due 10-15-39 3.70
BGRS 5.00% due 10-15-38 3.44
Fund Data
Avg. Current Yield 5.31%
Weighted Avg. Maturity 14.91 years
Average Duration 8.71

 

Returns

as of
  QTR4 YTD
Fund (%) +1.16 +4.55
Benchmark (%) +1.06 +4.25
+/- Benchmark (%) +0.10 +0.30
as of
  1 Year 3 Year 5 Year 7 Year 10 Year Incept.
Fund (%) +4.55 +4.08 +4.20 +4.24 +4.59 +5.15
Benchmark (%) +4.25 +4.25 +4.35 +4.52 +4.74 n/a
+/- Benchmark (%) +0.30 -0.17 -0.15 -0.28 -0.15 n/a

 

Returns longer than 1 year are annualized
as of
  2020
YTD
2019 2018 2017 2016 2015 2014 2013
Fund (%) +4.55 +3.73 +3.97 +4.46 +4.30 +4.07 +4.61 +5.18
Benchmark (%) +4.25 +4.25 +4.25 +4.25 +4.75 +4.75 +5.12 +5.12
+/- Benchmark (%) +0.30 -0.52 -0.28 +0.21 -0.45 -0.68 -0.51 +0.06

 

Growth of $10,000