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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
$2.335
Risk Level
Low
Total Net Assets
$285.941M
Q2 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 $295.716M Distribution Frequency Monthly
Inception Date August 31 2003 Minimum Initial Subscription $1,000.00
NAV Per Share (Mar. 2020) $2.335 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 (2018) 0.53%
Currency    BSD Early Withdrawal Fee No early withdrawals permitted

Current Asset Allocation

Target Asset Allocation

 

Top 5 Security Holdings
Holdings (%)
Colina Holdings Pref. 1.50% APR (currently 5.75%) 4.69
BGRS 5.29% due 10-15-39 3.20
Government of The Bahamas Treasury Bill due 04-23-20 3.06
BGRS 5.65% due 10-15-49 2.82
BGRS 5.20% due 07-14-37 2.55
Fund Data
Avg. Current Yield 4.62%
Weighted Avg. Maturity 12.57 years
Average Duration 7.61

 

Returns

as of
  QTR2 YTD
Fund (%) 1.08 2.13
Benchmark (%) 1.06 2.13
+/- Benchmark (%) 0.02 0.00
as of
  1 Year 3 Year 5 Year 7 Year 10 Year Incept.
Fund (%) 4.00 3.98 4.13 4.25 4.65 5.16
Benchmark (%) 4.25 4.25 4.36 4.54 4.76 n/a
+/- Benchmark (%) -0.25 -0.27 -0.23 -0.29 -0.11 n/a

 

Returns longer then 1 year are annualized
as of
  2020
YTD
2019 2018 2017 2016 2015 2014 2013
Fund (%) 2.13 3.73 3.97 4.46 4.30 4.07 4.61 5.18
Benchmark (%) 2.13 4.25 4.25 4.25 4.75 4.75 5.12 5.12
+/- Benchmark (%) 0.00 -0.52 0.28 0.21 -0.45 -0.68 -0.51 0.06

 

Growth of $10,000