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Targeted Equity Fund

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Summary

Strategy and Objective

The Fund is a sub fund of the Bahamas Opportunities umbrella fund. The fund seeks to provide long-term capital appreciation by investing in Bahamian dollar-denominated equities across all sectors. The fund holds nearly all the listed equities on the Bahamas International Securities Exchange (BISX) and seeks additional diversification and return from unlisted securities and private placements.


Asset Allocation

As of 31 December 2023

NAV (Mar, 2024) B$14.4810
YTD Change 1.36%
Key Fund Details
Inception November 2012
Open to Investment Yes
Size 21M
Type Equity
Currency B$
Min Sub Size $500
Min Add Sub $100
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

B$ $10,000 Hypothetical Investment Over Time


As of Mar, 2024
class="America/Cayman" >

Portfolio

Investment Exposure

Top Holdings

Fidelity Bank (Bahamas) 14.50%
Doctors Hospital 13.85%
SEC CLASS A (Private Equity) 8.81%
FINCO 7.78%
Cable Bahamas 6.40%

Fees & Expense

Fees & Expense

Type Detail
Management and Administration 2.00%
Front End Fee Up to 2% (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

Targeted Equity Fund Downloads

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

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Prime Income PLUS Fund

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

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  • Arawak Port Development Ltd APD  + 44.64
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  • Bahamas Property Fund BPF  + 8.00
  • Bahamas Waste BWL  + 11.08
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  • Colina Holdings Class Preference CHLA  + 1.00
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  • Emera EMAB  + 8.74
  • Famguard FAM  + 4.96
  • Fidelity Bank FBB  + 17.49
  • Fidelity Bank Series A Redeemable Preference FBBA  + 10.00
  • Finco FIN  + 13.88
  • FirstCaribbean CIB  + 14.30
  • Focol FCL  + 5.00
  • Focol Class B Perpetual Preference FCLB  + 1.00
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  • RF International Equities Sub Fund MF  + 14.26
  • RF International High Yield Fund MF  + 12.44
  • Secure Balanced Fund MF  + 10.68
  • Targeted Equity Fund MF  + 14.39