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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
CGBFL

CFAL Global Bond Fund Ltd.

Fund Fact Sheet Performance Report
Fund Inception Date
Jun 30 2008
NAV/ share
$198.358
Risk Level
Moderate
Total Net Assets
$13.348M
Q3 2020 Return
1.00%
2020 YTD Return
1.65%
2019 Return
+5.76%
  • Investment Objective: CFAL Global Bond Fund, Ltd. (“Global Bond Fund”) seeks a high total risk adjusted investment return by investing in a global portfolio of investment grade and non-investment grade fixed income securities. The Fund will be managed for return on principal and return of principal.
  • Investment Strategy: The Fund will pursue its objective by investing in U.S. Government Bonds and high-quality corporate bonds, U.S. dollar denominated debt and debt-like securities of issuers domiciled outside the U.S. In evaluating securities, the Investment Manager will utilize its internal credit analysis resources as well as financial and economic information obtained from other resources.
  • Fund Suitability: This strategy is for long-term investors who seek high total return without undue risk to principal.
Size of Fund $13.348M Distribution Frequency Quarterly
Inception Date June 30 2008 Minimum Initial Subscription $5,000.00 + 1.75% stamp tax
NAV Per Share (Sep 2020)              $198.358 Minimum Additional Subscription                   $1,000.00 + 1.75% stamp tax
Benchmark    The BofA Merrill Lynch 5-7 Year US Corporate & Government Index Management Fees 0.00% p.a.
Asset Class Fixed Income Subscription/ redemption fees 0.00% (1.75% government taxes apply)
Risk Level Moderate Expense Ratio (2019) 0.16%
Currency    USD Early Withdrawal Fee No early withdrawals permitted

Current Asset Allocation

Target Asset Allocation

 

TOP 5 SECURITY HOLDINGS
Holdings (%)
Nassau Cruise Port Limited 8.00% USD Fixed Bond due 06-30-40 14.40
NAD 8.50% due 12-31-31 7.79
Commonwealth of the Bahamas 6.95% due 11-20-20 7.20
US Treasury N/B 2.875% due 10-31-20 6.72
iShares iBoxx Investment Grade Corporate Bond ETF 4.97
FUND DATA
Avg. Current Yield 4.90%
Weighted Avg. Maturity 7.41 years
Average Duration 4.70
 

 

PORTFOLIO DURATION ALLOCATION
Duration % of Bond Holdings YTM Avg. Duration
Under 1 year 20.30 2.60 0.40
1 – 3 years 15.10 3.10 2.10
3 – 5 years 15.30 2.90 3.60
5 - 7 years 18.20 5.40 5.90
7 - 10 years 31.10 8.00 8.70
CREDIT QUALITY
S&P Rating (%)
AAA – A- 46.90
BBB+ - BBB- 22.10
BB 13.60
Not Rated 17.40

Returns

as of
  QTR3 YTD
Fund (%) +1.00 +1.65
Benchmark (%) +0.94 +8.11
+/- Benchmark (%) +0.06 -6.46

 

Growth of $10,000 

 

as of
  1 Year 3 Year 5 Year 7 Year 10 Year Incept.
Fund (%) +2.40 +4.01 +4.31 +4.96 +5.66 +5.75
Benchmark (%) +8.41 +5.79 +4.49 +4.24 +4.00 n/a
+/- Benchmark (%) -6.01 -1.78 -0.18 +0.72 +1.66 n/a

 

Returns longer than 1 year are annualized

 

Growth of $10,000 

as of
  2020
YTD		 2019 2018 2017 2016 2015 2014 2013
Fund (%) +1.65 +5.76 +3.26 +6.08 +3.95 +5.54 +7.86 +0.06
Benchmark (%) +8.11 +9.06 -0.83 +4.76 +3.60 +1.00 +8.70 -4.41
+/- Benchmark (%) -6.46 -3.30 +4.09 +1.32 +0.35 +4.54 -0.84 +4.47

 

 

Growth of $10,000