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Targeted Income Fund

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Summary

Strategy and Objective

The primary objective of the fund is to provide a steady rate of return and preservation of capital through allocation to global and regional fixed income securities, with an emphasis on safety and shorter-term duration.

The fund seeks global fixed income securities with shorter duration as well as diversified fixed income Exchange Traded Funds (ETFs) to achieve its investment objective.


Asset Allocation

As of 31 March 2020

NAV (Oct, 2022) US$12.4110
YTD Change -4.22%
Key Fund Details
Inception October 2011
Open to Investment Yes
Size 25.89M
Type Global Fixed Income
Currency US$
Min Sub Size $5000
Min Add Sub $1000
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

Performance

Calendar Year Returns

US$ $10,000 Hypothetical Investment Over Time


As of Oct, 2022
class="America/Cayman" >

Portfolio

Investment Exposure

Top Holdings

Fidelity Bank Cayman 6% Pref Shares 20.00%
Cable Bahamas Series 8 6.25% USD Pref Shares 14.00%
Cable Bahamas Series 10 6.75% USD Pref Shares 8.00%
Gov of the Bahamas 5.75% 6.00%
Dominican Republic Gov 7.5% USD Bonds 5.00%

Fees & Expense

Fees & Expense

Type Detail
Front End Sales Charge Up to 2% of subscription amount (optional)
Management and Administration 1% per annum
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.

Literature

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