• Mutual Funds
  • BSD Open – End Mutual Funds

Targeted Equity Fund

Investment Objective
The primary objective of the fund is to provide long-term capital appreciation by investing in Bahamian dollar-denominated equities across all sectors.

Investment Strategy
The fund buys and holds nearly all the listed equities on the Bahamas International Securities Exchange (BISX) and seeks additional diversification and return from unlisted securities, private placements, equity mutual funds, and fixed income instruments.

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NAV
16.52804

Apr 2026
(monthly)

YTD%
0.02786%

Key Fund Details

Portfolio Manager

David Slatter, CFA

Inception

2014

Fund Assets

$157.9M

Fund Type

Bahamian Equity

Management Style

Active

Domicile

Bahamas

Minimum Investment

$500

Minimum Additional

$100

Dealing Frequency

Monthly

Top 5 Holdings

10.3%

Doctors Hospital Health

10.1%

Fidelity Bank (Bahamas) Ltd

7.8%

Colina Holdings Ltd

7.4%

Finance Corp Of Bahamas Ltd

7.3%

FOCOL Holdings Ltd Ordinary Shares

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 2% 
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% 
25-36 months 1.5% 
37-48 months 1.0% 
49-60 months 0.5% 
after 60 months $50 processing fee 

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 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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  • AML Foods Limited AML   6.65
  • Arawak Port Development Ltd APD   50.00
  • Bahamas Property Fund BPF   12.00
  • Bahamas First Holding Limited BFH   3.08
  • Bahamas Waste BWL   10.41
  • Bank of Bahamas BOB   6.00
  • Benchmark BBL   2.18
  • Cable Bahamas CAB   3.78
  • Commonwealth Brewery CBB   10.25
  • Colina Holdings Ltd. CHL   15.50
  • Commonwealth Bank Ltd. CBL   4.50
  • Consolidated Water BDR CWCB   6.87
  • Doctors Hospital DHS   5.00
  • Famguard FAM   6.95
  • Fidelity Bank FBB   16.21
  • Finco FIN   16.20
  • FirstCaribbean CIB   16.50
  • Focol FCL   7.00
  • Emera EMAB   12.88
  • J S Johnson JSJ   16.76
  • Focol Class B Perpetual Preference FCLB   1.00
  • Colina Holdings Class Preference CHLA   1.00
  • Fidelity Bank Series A Redeemable Preference FBBA   10.00
  • Secure Balanced Fund MF   11.75
  • Targeted Equity Fund MF   16.43
  • Prime Income Fund MF   8.61
  • RF International Equities Sub Fund MF   16.59
  • RF International High Yield Fund MF   13.47
  • RF International Alternative Strategies Fund MF   12.34