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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
CBFL

CFAL Bond Fund Ltd.

Fund Fact Sheet Performance Report
Fund Inception Date
Aug 31 2003
NAV/ share
$2.719
Risk Level
Low
Total Net Assets
$492.496M
Q1 2024 Return
0.95%
2024 YTD Return
+0.95%
2023 Return
+3.95%
  • 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.
KEY FACTS
Size of Fund (March 2024) $492.496M Distribution Frequency Monthly
Inception Date August 31 2003 Minimum Initial Subscription $1,000.00
NAV Per Share (March 2024) $2.719 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 (2022) 0.53%
Currency    BSD Early Withdrawal Fee No early withdrawals permitted

Current Asset Allocation

 

Top 5 Security Holdings
Holdings (%)

Nassau Cruise Port 6.00% Fixed Rate Bond due 06-30-40

 6.82
Bahamas Govt. T-Bill due 05-14-24 4.00
Bahamas Govt. Registered Stock 3.20% due 10-31-24 3.48
Bahamas Govt. T-Bill due 06-26-24 3.46
Bahamas Govt. Registered Stock 4.09% due 10-16-28 3.17

Target Asset Allocation

 

 

Fund Data
Avg. Current Yield 3.96%
Weighted Avg. Maturity 8.50 years
Average Duration 5.60

Returns

as of
  QTR1 YTD
Fund (%) +0.95

+0.95
Benchmark (%) +1.06

+1.06
+/- Benchmark (%) -0.11 -0.11

 

Growth Of $10,000

as of
  1 Year 3 Year 5 Year 7 Year 10 Year Incept.
Fund (%) +3.92 +4.00 +4.10 +4.09 +4.16 +4.98
Benchmark (%) +4.25 +4.25 +4.25 +4.25 +4.39 n/a
+/- Benchmark (%) -0.33 -0.25 -0.15 -0.16 -0.23 n/a
Returns longer than 1 year are annualized

 

Growth Of $10,000

as of
  2024
YTD		 2023 2022 2021 2020 2019 2018 2017
Fund (%) +0.95 +3.95 +3.87 +4.35 +4.55 +3.73 +3.97 +4.46
Benchmark (%) +1.06 +4.25 +4.25 +4.25 +4.25 +4.25 +4.25 +4.25
+/- Benchmark (%) -0.11 -0.30 -0.38 +0.10 +0.30 -0.52 -0.28 +0.21

 

 

Growth Of $10,000