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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
$2.543
Risk Level
Low
Total Net Assets
$400.427M
Q2 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 (June 2022) $400.427M Distribution Frequency Monthly
Inception Date August 31 2003 Minimum Initial Subscription $1,000.00
NAV Per Share (June 2022) $2.543 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 6.77
Bahamas Gov't T-Bill due 08-16-22 4.90
BGRS 3.10% due 10-29-22 3.73
Bahamas Gov't T-Bill due 09-27-22 3.66
Colina Holdings Pref 1.50% APR 3.44
Fund Data
Avg. Current Yield 4.27%
Weighted Avg. Maturity 10.61 years
Average Duration 6.47

 

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 (%) +4.09 +4.24 +4.13 +4.19 +4.39 +5.08
Benchmark (%) +4.25 +4.25 +4.25 +4.33 +4.54 n/a
+/- Benchmark (%) -0.16 -0.01 -0.12 -0.14 -0.15 n/a

 

 

Returns longer than 1 year are annualized

 

Growth of $10,000

as of
  2022
YTD
2021 2020 2019 2018 2017 2016 2015
Fund (%) +1.95 +4.35 +4.55 +3.73 +3.97 +4.46 +4.30 +4.07
Benchmark (%) +2.13 +4.25 +4.25 +4.25 +4.25 +4.25 +4.75 +4.75
+/- Benchmark (%) -0.18 +0.10 +0.30 -0.52 -0.28 +0.21 -0.45 -0.68

 

Growth of $10,000