The RF High Yield Income Fund is an open-ended mutual fund that invests its assets in a portfolio of global and regional fixed income securities.
As a participant in the Central Bank Exchange Control Liberalization Program, the High Yield Income Fund allows Bahamian investors to legitimately gain investment exposure to a diversified portfolio of international securities, without having to seek Central Bank Exchange Approval.
| Key Fund Details | |
|---|---|
| Inception | 2011 |
| Open to Investment | Yes |
| Size | 27.82M |
| Type | Global Equity |
| Currency | B$ |
| Min Sub Size | $2000 |
| 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 |
| U.S. Government Bonds | 33.72% |
| U.S. Corporate Bonds - FIN | 17.68% |
| U.S. Corporate Bonds - IND | 15.65% |
| Private Credit Fund | 13.10% |
| Corporate Preference Shares | 8.08% |
| Type | Detail |
|---|---|
| Front End Fee | Up to 1.00% (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 | |
| Administration Fee | 0.50% |
