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Prime Income PLUS Fund

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Summary

Strategy and Objective

The Prime Income PLUS Fund is a Bahamian fixed income fund that invests in corporate and government bonds and preference shares. It is the only fund within the sutie of mutual funds to pay a dividend. The rate of that dividend--which is paid out in two installments, in June and December each year--is determined each December and guaranteed for the following 12 months.

The dividend rate:

  • June 2019 3.50%
  •  Dec 20204.00% 
  • June 2021      4.00%

Asset Allocation

As of 31 July 2023

The Prime Income PLUS Fund is a fixed income fund that pays a dividend two times each year: June and December. The dividend rate is fixed in December of each year and will not change for the following month. That rate is re-evaluated annually, and can change.

The dividend rate:

  • June 2020   3.50%
  • Dec 20204.00%
  • June 20214.00%
NAV (Dec, 2020) BSD5.2360
YTD Change 8.86%
Key Fund Details
Inception Jan-14
Open to Investment Yes
Size 33M
Type Bahamian Fixed Income - Dividend Paying
Currency BSD
Min Sub Size $5000
Min Add Sub $1000
Redemptions Fee Declining Surrender Charge (DSC) based on redemption value. Subject to $50 minimum.
0-24 months – 2%
25-36 months – 1.5%
37-48 months – 1.0%
49-60 months – 0.5%
Thereafter: $50 flat
NAV Frequency Monthly

Performance

Calendar Year Returns

BSD $10,000 Hypothetical Investment Over Time


As of Dec, 2020
class="America/Cayman" >

Portfolio

Investment Exposure

Top Holdings

Cable Bahamas 6.00% Pref Shares 11.42%
Cable Bahamas 5.50% Pref Shares 8.30%
NAD Limited Note 7.50%
High Yield Income Fund 5.00%
Be Aliv Fixed Rate Notes 8.5% 3.64%
Be Aliv Series 1 Pref Shares 8.0% 3.61%

Fees & Expense

Fees & Expense

Type Detail
Management and Administration 1.00%
Front End Fee Up to 1% (optional)
Redemption Fee Declining Surrender Charge (DSC) based on redemption value. Subject to $50 minimum.
0-24 months 2%
25-36 months 1.5%
37-48 months 1.0%
49-60 months 0.5%
Thereafter: $50 flat fee

Literature

High Yield Income Fund

Invest in a global and regional fixed income securities.The RF High Yield Income Fund is an open-ended mutual fund that invests its asset...

Prime Income Fund

Invests in Bahamian Government bonds, corporate bonds, preference shares and other fixed income securities.

Secure Balanced Fund

Invests in a balanced portfolio of Bahamian fixed income securities and Bahamian equities with a target allocation of 60% fixed income, 4...

Targeted Equity Fund

Invests in Bahamian equity, preference shares and private placements.The Fund is a sub fund of the Bahamas Opportunities umbrella fund.

International Equities Sub Fund

Invests in global equity-focused funds and Exchange Traded Funds (ETFs).The RF International Equities Sub Fund is an open-ended mutual fu...

Alternative Strategies Fund

Invests in the RF International Hedge Strategies Fund, a USD fund that maintains exposure to a portfolio of established institutional Lon...

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