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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
$2.770
Risk Level
Low
Total Net Assets
$523.982M
Q3 2024 Return
0.91%
2024 YTD Return
+2.83%
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 (September 2024) $523.982M Distribution Frequency Monthly
Inception Date August 31 2003 Minimum Initial Subscription $1,000.00
NAV Per Share (September 2024) $2.770 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 (2023) 0.53%
Currency    BSD Early Withdrawal Fee No early withdrawals permitted

Current Asset Allocation                                                                        Target Asset Allocation

                      

FUND DATA
Avg. Current Yield 4.26%
Weighted Avg. Maturity 8.94 years
Average Duration 5.67
TOP 5 SECURITY HOLDINGS
Holding %
Nassau Cruise Port 6.00% Fixed Rate Bond due 06-30-40 7.77%
Bahamas Grid 8.00% Senior Unsecured Bonds due 07-31-44 4.33%
BGRS 3.20% due 10-31-24 3.28%
Bahamas Govt. T-Bill due 02-11-25 3.18%
BGRS 4.09% due 10-16-28 2.98%

              

Returns

as of
  QTR3 YTD
Fund (%) +0.91 +2.83
Benchmark (%) +1.04 +3.19
+/- Benchmark (%) -0.13 -0.36

 

GROWTH OF $10,000 

as of
  1 Year 3 Year 5 Year 7 Year 10 Year Incept.
Fund (%) +3.88 +3.91 +4.10 +4.06 +4.12 +4.95
Benchmark (%) +4.25 +4.25 +4.25 +4.25 +4.36 n/a
+/- Benchmark (%) -0.37 -0.34 -0.15  -0.19 -0.24 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 (%) +2.83 +3.95 +3.87 +4.35 +4.55 +3.73 +3.97 +4.46
Benchmark (%) +3.19 +4.25 +4.25 +4.25 +4.25 +4.25 +4.25 +4.25
+/- Benchmark (%) -0.36 -0.30 -0.38 +0.10 +0.30 -0.52 -0.28 +0.21

 

GROWTH OF $10,000