The Premium Income Fund is a sub fund of the RF Investment Fund. It is a fixed income mutual fund allocated to fixed income securities with an investment objective of providing long-term, above average income and capital stability with a low level of investment risk. This low risk fund maintains a stable investment portfolio of government bonds, corporate bonds and preference shares.
| Key Fund Details | |
|---|---|
| Inception | December 2008 |
| Open to Investment | Yes |
| Size | $20.7M |
| Type | Fixed Income |
| Currency | BDS$ |
| Min Sub Size | $1000 |
| Min Add Sub | $250 |
| Redemptions Fee |
0-24 months 2% 25-36 months 1.5% 37-48 months 1% 49-60 months 0.5% Thereafter- $50 flat fee |
| NAV Frequency | Monthly |
| RF Bahamas USD Targeted Income Fund | 36.14% |
| Government of Barbados Series B | 15.51% |
| William Industries Trance 4 5.25% | 11.55% |
| Government of Barbados Series D | 10.96% |
| Cash | 10.40% |
| Type | Detail |
|---|---|
| Redemption Fee | 0-24 months 2% |
| 25-36 months 1.5% | |
| 37-48 months 1% | |
| 49-60 months 0.5% | |
| Thereafter- $50 flat fee | |
| Management and Administration | 0.75% |
