• Mutual Funds
  • BSD Open – End Mutual Funds

Targeted 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
14.33994

May 2026
(monthly)

YTD%
2.39809%

Key Fund Details

Portfolio Manager

David Slatter, CFA

Inception

2011

Fund Assets

$57.1M

Fund Type

Global Fixed Income

Management Style

Active

Domicile

Bahamas

Minimum Investment

$5,000

Minimum Additional

$1,000

Dealing Frequency

Monthly

Top 5 Holdings

6.3%

Sol Ecolution Fund LP Pref
9.00%

6.1%

FBL Licensing 2025
8.50%

3.9%

eCapital Bond Corp 2027

3.6%

BNP Paribas 2029
1.13%

3.00%

UST Note
4.63%

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

Other USD Mutual Funds

All Mutual Funds
Hedge 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 11.98303
  • YTD% 0%
Global 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 global equities with short-to-medium term income features of global fixed income.

 

$5,000 MIN INVEST
$1,000 MIN ADD
  • NAV 16.0556
  • YTD% 0%
International Opportunities Fund

The primary objective of the fund is to provide long-term capital appreciation through broadly diversified exposure to global equity markets, including the US, Europe, Asia and Emerging Markets.

$5,000 MIN INVEST
$1,000 MIN ADD
  • NAV 23.39659
  • YTD% 0%
All Mutual Funds

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