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Premium Income Fund

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Summary

Strategy and Objective

The Premium Income Fund is a sub fund of the RF Investment Fund. It is a fixed income mutual fund allocated to fixed income securities with an investment objective of providing long-term, above average income and capital stability with a low level of investment risk. This low risk fund maintains a stable investment portfolio of government bonds, corporate bonds and preference shares.


Asset Allocation

As of 01 January 2021

NAV (Feb, 2024) BDS$1.7764
YTD Change 0.46%
Key Fund Details
Inception December 2008
Open to Investment Yes
Size $20.7M
Type Fixed Income
Currency BDS$
Min Sub Size $1000
Min Add Sub $250
Redemptions Fee 0-24 months 2%
25-36 months 1.5%
37-48 months 1%
49-60 months 0.5%
Thereafter- $50 flat fee
NAV Frequency Monthly

Performance

Calendar Year Returns

BDS$ $10,000 Hypothetical Investment Over Time


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

Portfolio

Investment Exposure

Top Holdings

RF Bahamas Targeted Income Fund USD 36.00%
Needham's Point Holdings Bond 6.75% 14.00%
2021 N.S.R. Limited 5% 2029 Bond 14.00%
WILLIAMS INDUSTRY 5.25% 2023 Bond 12.00%
Government of Barbados Series D Bond 9.00%

Fees & Expense

Fees & Expense

Type Detail
Redemption Fee 0-24 months 2%
25-36 months 1.5%
37-48 months 1%
49-60 months 0.5%
Thereafter- $50 flat fee
Management and Administration 0.75%

Literature

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