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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
CGFIFL

CFAL Global Fixed Income Fund Ltd.

Fund Fact Sheet Performance Report
Fund Inception Date
Jun 30 2023
NAV/ share
$200.61
Risk Level
Moderate
Total Net Assets
$16.901M
Q2 2023 Return
+0.66%
2023 YTD RETURN
+1.74%
2022 Return
N/A%
  • Investment Objective: CFAL Global Fixed Income Fund, Ltd. (“Global Fixed Income 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 $16.901M Distribution Frequency Quarterly
Inception Date March 1 2023 Minimum Initial Subscription  $5,000.00 + 1.75% stamp tax
NAV Per Share (June 2023) 200.61 Minimum Additional Subscription $1,000.00 + 1.75% stamp tax
Benchmark    ICE BofAML 5 - 7 Year US Corporate & Government Index Management Fees 0.10% p.a.
Asset Class Fixed Income Subscription/ Redemption Fees 0.00% (1.75% government taxes apply)
Risk Level Moderate Expense Ratio (2022) n/a
Currency    USD Early Withdrawal Fee No early withdrawals permitted

 

Current Asset Allocation

 

TOP 5 SECURITY HOLDINGS
Holdings (%)
Nassau Cruise Port Limited 6.00% due 06-30-40 12.82
Com. of the Bahamas 6.95% due 11-20-29 4.94
Nassau Airport Development 8.50% due 12-31-31 4.78
US Treasury Bill due 09-21-23 3.94
Caterpillar Financial Services 4.90% due 01-17-25 3.00

 

PORTFOLIO DURATION ALLOCATION
Duration % of Bond Holdings YTM Average Duration
Under 1 year 10.70 2.00 0.40
1 - 3 years 37.60 3.40 2.00
3 - 5 years 30.60 4.00 3.90
5 - 7 years 5.10 8.50 5.90
7 - 10 years 2.50 7.00 7.20
Over 10 years 13.50 6.00 10.50

 

 

 Target Asset Allocation

 

FUND DATA
Avg. Current Yield 4.11
Weighted Avg. Maturity 5.23 years
Average Duration 3.91

 

 

 

 

 

CREDIT QUALITY
AA+ - A- 35.30
BBB+ - BBB- 35.10
BB- - B+ 16.10
Not Rated 13.50

 

Returns

as of
  QTR2 YTD
Fund (%) +0.66 +1.74
Benchmark (%) -1.23 +1.72
+/- Benchmark (%) +1.89 +0.02

 

Growth of $10,000

 

 

 

as of
  1 Year 3 Year 5 Year 7 Year 10 Year Incept.
Fund (%) n/a

n/a

n/a

n/a

n/a

 +1.74
Benchmark (%)

n/a

n/a

n/a

n/a

n/a

 n/a
+/- Benchmark (%)

n/a

n/a

n/a

n/a

n/a

 n/a

 

Returns longer than 1 year are annualized

Growth of $10,000

 

as of
  2023
YTD		 2022 2021 2020 2019 2018 2017 2016
Fund (%) +1.74 n/a n/a n/a n/a n/a n/a n/a
Benchmark (%) +1.72 n/a n/a n/a n/a n/a n/a n/a
+/- Benchmark (%) +0.02 n/a n/a n/a n/a n/a n/a n/a

 

Growth of $10,000