• Mutual Funds
  • BSD Open – End Mutual Funds

Prime Income Fund

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

Investment Strategy
The fund strives to achieve a rate of return in excess of the current Bahamian Prime Rate by allocating to a balanced portfolio of Bahamian fixed income securities, including Bahamas Government bonds, corporate bonds, and corporate preference shares.

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NAV
8.70263

Apr 2026
(monthly)

YTD%
0.01785%

Key Fund Details

Portfolio Manager

David Slatter, CFA

Inception

2014

Fund Assets

501.9M

Currency

BSD

Fund Type

Bahamian Fixed Income

Management Style

Active

Domicile

Bahamas

Minimum Investment

$1,000

Minimum Additional

$500

Dealing Frequency

Monthly

Top 5 Holdings

9.6%

Cable Bahamas Pref Shares Ser16
6.00%

7.9%

Cable Bahamas Pref Shares Ser15
7.90%

7.8%

NAD Limited Notes
7.50%

6.2%

Current Account
1.00%

6.0%

BSD T-Bills

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 1.00% 
Early Redemption Fee Declining Surrender Charge (DSC). Redemptions that occur within the period following initial investment will incur the following charges: 
0-24 months 2.0% 
25-36 months 1.5% 
37-48 months 1.0% 
49-60 months 0.5% 
after 60 months $50 processing fee 

Other downloads

Mutual Fund Transaction Form

Mutual-Fund-Transaction-Form-Blank
  • Updated 22 December, 2025
  • 3 MB
  • PDF

Account Opening – Individual

RF_IND-FORM_FOR-BAHAMAS-2021_Final
  • Updated 1 March, 2025
  • 604 KB
  • PDF

Fund reports

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%
High Yield 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. This fund distributes a dividend of 4% paid semi-annually.

$2,000 MIN INVEST
$500 MIN ADD
  • NAV 13.5221
  • 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%
All Mutual Funds

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