For a better experience on Royal Fidelity, update your browser

Targeted Income Fund

Back

Summary

Strategy and Objective

The primary objective of the fund is to provide a steady rate of return and preservation of capital through allocation to global fixed income securities, with an emphasis on safety and shorter-term duration.

The fund maintains a defensive stance by seeking investment-grade global fixed income securities with shorter duration as well as diversified fixed income Exchange Traded Funds (ETFs) to achieve its investment objective.

*Does not allow investment by US persons. Barbadian investors must have Central Bank approval to invest in USD.


Asset Allocation

As of 30 June 2019

NAV (Jun, 2019) US$12.4061
YTD Change 0.00%
Key Fund Details
Inception October 2011
Open to Investment Y
Size 666k
Type High Grade Global Fixed Income
Currency US$
Min Sub Size $5000
Min Add Sub $1000
Redemptions monthly
Redem Charge(0-12 months) 2%
Redem Charge(12-36 months) na
NAV Frequency Monthly

Performance

Calendar Year Returns

US$ $10,000 Hypothetical Investment Over Time

As of 30 June 2019
class="America/Cayman" >

Portfolio

Investment Exposure

As of 30 June 2019

Top Holdings

As of 30 June 2019
iShares Markit USD Corporate Bond ETF 26.00%
iShares JP Morgan Emerging Markets Bond ETF 13.00%
iShares Markit USD High Yield Capped ETF 12.00%
Unilever NV 3.13% Feb 13 4.00%
European Investment Bank 3% Apr-14 4.00%

Fees & Expense

Fees & Expense

Type Detail
Redempton Fee 2% if within first 6 months of initial investment.
Front End Sales Charge Up to 2% of subscription amount (optional)
Management and Administration 1% per annum

Literature

International Opportunities Fund

Invests in geographically diversified portfolio of equity Exchange Traded Funds (ETF), as well as a core allocation to a value manager...

Global Balanced Fund

Invests in International Opportunities and Targeted Income Funds.The Royal Fidelity Global Balanced Fund is an open-ended USD-denomina...

Hedge Strategies Fund

Invests in a portfolio of established institutional Long-Short managers, who employ multi-strategy, fundamental, activist, and quantit...

Not sure where to start? One of our experts can help you!

  • Make An Appointment
  • Schedule A Call
  • Give Us A Call At (246) 435 1955

Request A Free Consultation For Targeted Income Fund

Please fill the form and we will contact you soon
* Denotes Required Inputs

Other products you might be intrested in

Barbadian Dollar Open End Mutual Funds

Three mutual funds--Premium Income Fund, Select Balanced Fund, Strategic Growth Fund--provide Barbadians with a choice between stocks and bonds ... Read More

US Dollar Open End Mutual Funds

Royal Fidelity's USD funds offer a range of investment options under one mutual fund umbrella, using ETFs and individual securities: Interna... Read More

More Resources

Find out more about the types, regulation and history of mutual funds to help you make informed decisions.

Mutual funds in the Caribbe... Read More

  • ABV Investments Incorporated ABV  + 0.02
  • Banks Holdings Limited BHL  + 4.85
  • Barbados Dairy Industries Limited BDI  + 3.00
  • Barbados Farms Limited BFL  + 0.50
  • BICO Limited BCO  + 3.10
  • Cable and Wireless Barbados Limited CWBL  + 2.29
  • Cave Shepherd and Company Limited CSP  + 4.65
  • Emera Deposit Receipt EMABDR  + 20.51
  • Eppley Caribbean Property Fund SCC - Dev Fund CPFD  + 0.20
  • Eppley Caribbean Property Fund SCC - Value Fund CPFV  + 0.56
  • FirstCaribbean International Bank FCI  + 2.50
  • Goddard Enterprises Limited GEL  + 3.27
  • Insurance Corporation of Barbados Limited ICBL  + 3.23
  • One Caribbean Media Limited OCM  + 2.70
  • ROYAL FIDELITY PREMIUM INCOME FUND MF  + 1.60
  • ROYAL FIDELITY SELECT BALANCED FUND MF  + 5.51
  • ROYAL FIDELITY STRATEGIC GROWTH FUND MF  + 1.02
  • Sagicor Financial Corporation Limited SFC  + 2.80
  • West India Biscuit Company Limited WIB  + 25.00

Royal Fidelity Live Chat

_ +

Royal Fidelity Live Chat