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Targeted Income Fund

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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

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