• Mutual Funds
  • BSD Open – End Mutual Funds

High Yield Income Fund

Investment Objective
The primary objective of the fund is to provide exposure to USD-denominated fixed income both in developed and emerging markets, through selective individual securities.

Investment Strategy
The fund targets a portfolio of higher-yielding USD-denominated fixed income investments that also provide consistency of return with the safety of shorter durations. The fund will seek an overall net yield between 4-5%, which may involve some concentration, but within acceptable risk parameters.

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NAV
13.5221

May 2026
(monthly)

YTD%
2.9423%

Key Fund Details

Portfolio Manager

David Slatter, CFA

Inception

2011

Fund Assets

$44.5M

Curency

BSD

Fund Type

Global Fixed Income

Management Style

Active

Domicile

Bahamas

Min. Investment

$2,000

Min. Additional

$500

Dealing Frequency

Monthly

Top 5 Holdings

4.9%

Sol Ecolution Fnd LP CLS A PRF SH
9.00%

4.8%

FBL Licensing Ltd
8.50%

4.5%

IPP Ltd
4.50%

3.0%

eCapital Bond Corp
3.00%

2.9%

Be Aliv Fixed Rate Notes
8.5%

Assets & Performance

Asset Allocation
Asset Allocation
Calendar Year Returns

Fees & Expenses

At RF Bank & Trust, our mutual fund fee structure is designed to support professional management while encouraging long-term investing. To promote investment stability, early redemptions are subject to a declining surrender charge (DSC) that reduces over time and is eliminated after five years. This approach aligns our interests with yours – supporting growth, discipline, and long-term value.

Management Fee 0.5% 
Redemption Fee Declining Surrender Charge (DSC) based on redemption value.   $50 minimum
0-24 months 2.0% 
25-36 months 1.5% 
37-48 months 1.0% 
49-60 months 0.5% 
after 60 months $50 

Other BSD Open End Mutual Funds

All Mutual Funds
Prime Income PLUS Fund

The primary objective of the fund is to generate a steady rate of return near the prime rate with long-term preservation of capital. This fund distributes a dividend of 4% paid semi-annually.

$1,000 MIN INVEST
$500 MIN ADD
  • NAV 8.70263
  • YTD% 0%
Alternative Strategies Fund

The primary objective of the fund is to provide investors with protection from declining markets as well as the opportunity to profit from both advancing as well as declining equity markets through a long-short equity investment strategy.

$10,000 MIN INVEST
$2,000 MIN ADD
  • NAV 16.0556
  • YTD% 0%
International Equities Sub Fund

The primary objective of the fund is to generate a steady rate of return near the prime rate with long-term preservation of capital. This fund distributes a dividend of 4% paid semi-annually.

$2,000 MIN INVEST
$500 MIN ADD
  • NAV 17.09577
  • YTD% 0%
Secure Balanced Fund

The primary objective of the fund is to provide balanced, long-term growth through an asset allocation policy that combines the long-term capital appreciation potential of equities with short-to-medium term income features of fixed income.

$1,000 MIN INVEST
$500 MIN ADD
  • NAV 11.86755
  • YTD% 0%
Targeted Equity Fund

The primary objective of the fund is to provide balanced, long-term growth through an asset allocation policy that combines the long-term capital appreciation potential of global equities with short-to-medium term income features of global fixed income.

$2,000 MIN INVEST
$500 MIN ADD
  • NAV 16.52804
  • YTD% 0%
Targeted Income Fund

The primary objective of the fund is to provide balanced, long-term growth through an asset allocation policy that combines the long-term capital appreciation potential of global equities with short-to-medium term income features of global fixed income.

$1,000 MIN INVEST
$100 MIN ADD
  • NAV 14.33994
  • YTD% 0%
Prime Income Fund

The primary objective of the fund is to generate a steady rate of return near the prime rate with long-term preservation of capital.

$1,000 MIN INVEST
$500 MIN ADD
  • NAV 8.70263
  • YTD% 0%
All Mutual Funds

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