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The Bahamas P.O.Box CB-12407 Nassau New Providence The Bahamas The Bahamas
CGBFL

CFAL Global Bond Fund Ltd.

Fund Fact Sheet Subscription Form (Corporate)
Fund Inception Date
Jun 30 2008
NAV/ share
$195.653
Risk Level
Moderate
Total Net Assets
$21.202M
Q4 2022 Return
+2.73%
2022 YTD Return
-3.84%
2021 Return
+0.78%
  • 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 (June 2024) $21.202M Distribution Frequency Quarterly
Inception Date June 30 2008 Minimum Initial Subscription $5,000.00 + 1.75% stamp tax
NAV Per Share (June 2024)              $195.653 Minimum Additional Subscription                   $1,000.00 + 1.75% stamp tax
Benchmark    The BofA Merrill Lynch 5-7 Year US Corporate & Government Index Management Fees 0.10% p.a.
Asset Class Fixed Income Subscription/ redemption fees 0.00% (1.75% government taxes apply)
Risk Level Moderate Expense Ratio (2021) 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% due 06-30-40 8.95
US Treasury Bill due 02-16-23 4.92
Nassau Airport Development Co. 8.50% due 12-31-31 4.03
US Treasury N/B 2.50% due 03-31-23 4.01
Commonwealth of the Bahamas 6.95% due 11-20-29 3.98
FUND DATA
Avg. Current Yield 3.82%
Weighted Avg. Maturity 4.52 years
Average Duration 3.31
 

 

PORTFOLIO DURATION ALLOCATION
Duration % of Bond Holdings YTM Avg. Duration
Under 1 year 26.00 1.70 0.40
1 – 3 years 24.10 3.40 2.10
3 – 5 years 27.40 3.10 3.80
5 - 7 years 10.70 7.50 5.50
7 - 10 years 11.80 7.80 9.00
CREDIT QUALITY
S&P Rating (%)
AA+ – A- 46.80
BBB+ – BBB- 30.20
BB- – B+ 13.30
Not Rated 9.70

Returns

as of
  QTR4 YTD
Fund (%) +2.73 -3.84
Benchmark (%) +1.92 -11.41
+/- Benchmark (%) +0.81 +7.57

 

Growth of $10,000 

as of
  1 Year 3 Year 5 Year 7 Year 10 Year Incept.
Fund (%) -3.84 +0.09 +1.83 +2.73 +3.24 +4.73
Benchmark (%) -11.41 -1.91 +0.71 +1.35 +1.37 n/a
+/- Benchmark (%) +7.57 +2.00 +1.12 +1.38 +1.87 n/a

 

 Growth of $10,000

 

Returns longer than 1 year are annualized
as of
  2022 2021 2020 2019 2018 2017 2016 2015
Fund (%) -3.84 +0.78 +3.47 +5.76 +3.26 +6.08 +3.95 +5.54
Benchmark (%) -11.41 -2.13 +8.87 +9.06 -0.83 +4.76 +3.60 +1.00
+/- Benchmark (%) +7.57 +2.91 -5.40 -3.30 +4.09 +1.32 +0.35 +4.54

 

 

Growth of $10,000