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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
Mar 01 2023
NAV/ share
$219.005
Risk Level
Moderate
Total Net Assets
$19.162M
Q3 2024 Return
+3.21%
2024 YTD Return
+4.77%
2023 Return
+6.01%
  • 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.

 

KEY FACTS
Size of Fund $19.162M Distribution Frequency 

Quarterly
Inception Date March 1 2023 Minimum Initial Subscription  $5,000.00 + 1.75% stamp tax
NAV Per Share (September 2024) $219.005 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 (2023) 0.25%
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 11.36
Com. of the Bahamas 6.95% due 11-20-29 5.28
US T-Bill 0.00% due 10-15-24 4.42
Nassau Airport Development 8.50% due 12-31-31 3.63
United Health Corp 5.15% due 10-15-25 2.69

 

 

 Target Asset Allocation

FUND DATA
Avg. Current Yield 4.14
Weighted Avg. Maturity 4.46 years
Average Duration 3.39

 

CREDIT QUALITY
AA+ - A- 36.90
BBB+ - BBB- 37.90
BB- - B+ 13.20
Not Rated 12.00

 

Returns

as of
  QTR3 YTD
Fund (%) +3.21 +4.77
Benchmark (%) +5.22 +5.23
+/- Benchmark (%) -2.01 -0.46

 

Growth of $10,000 

as of
  1 Year 3 Year 5 Year 7 Year 10 Year Incept.
Fund (%) +8.43 n/a n/a n/a n/a +6.83
Benchmark (%) +11.37 n/a n/a n/a n/a n/a
+/- Benchmark (%) -2.94 n/a n/a n/a n/a 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 (%) +4.77 +6.01 n/a n/a n/a n/a n/a n/a
Benchmark (%) +5.23 +5.58 n/a n/a n/a n/a n/a n/a
+/- Benchmark (%) -0.46 +0.43 n/a n/a n/a n/a n/a n/a

 

Growth of $10,000