The Fund is a sub fund of the Bahamas Opportunities umbrella fund. It seeks to maximize total return and provide a steady and stable stream of income by investing in a diversified portfolio of government bonds, corporate bonds, and preference shares with coupons above the current Bahamian Prime Rate.
| Key Fund Details | |
|---|---|
| Inception | November 2012 |
| Open to Investment | Yes |
| Size | $493.34M |
| Type | Bahamian Fixed Income |
| Currency | B$ |
| Min Sub Size | $1000 |
| Min Add Sub | $500 |
| Redemptions Fee |
Declining Surrender Charge (DSC). Redemptions that occur within the period following initial investment will incur the following charges: 0-24 months – 2% 25-36 months – 1.5% 37-48 months – 1.0% 49-60 months – 0.5% Thereafter $50 processing fee |
| NAV Frequency | Monthly |
| Cable Bahamas Pref Shares 6.00% | 10.98% |
| NAD Limited Note 7.50% | 8.47% |
| Cable Bahamas Pref Shares 5.50% | 8.34% |
| RF Bank 1 MTH Fixed Deposit 1.00% | 4.63% |
| Be Aliv Fixed Rate Notes 8.5% | 3.51% |
| Type | Detail |
|---|---|
| Management and Administration | 1% |
| Front End Fee | Up to 1% (optional) |
| Redemption Fee | Declining Surrender Charge (DSC). Redemptions that occur within the period following initial investment will incur the following charges: |
| 0-24 months – 2% | |
| 25-36 months – 1.5% | |
| 37-48 months – 1.0% | |
| 49-60 months – 0.5% | |
| Thereafter $50 processing fee |
