Strategy and Objective
The Prime Income PLUS Fund is a Bahamian fixed income fund that invests in corporate and government bonds and preference shares. It is the only fund within the sutie of mutual funds to pay a dividend. The rate of that dividend--which is paid out in two installments, in June and December each year--is determined each December and guaranteed for the following 12 months.
The dividend rate:
- June 2019 3.50%
- Dec 20204.00%
- June 2021 4.00%
Asset Allocation
As of 31 July 2023The Prime Income PLUS Fund is a fixed income fund that pays a dividend two times each year: June and December. The dividend rate is fixed in December of each year and will not change for the following month. That rate is re-evaluated annually, and can change.
The dividend rate:
- June 2020 3.50%
- Dec 20204.00%
- June 20214.00%