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Prime Income Fund

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Summary

Strategy and Objective

The Fund is a sub fund of the Bahamas Opportunities umbrella fund. It seeks to maximize total return and provide a steady and stable stream of income by investing in a diversified  portfolio of government bonds, corporate bonds, and preference shares with coupons above the current Bahamian Prime Rate.


Asset Allocation

As of 31 March 2020

NAV (Mar, 2020) B$7.0234
YTD Change 1.26%
Key Fund Details
Inception November 2012
Open to Investment Y
Size $144M
Type Fixed Income
Currency B$
Min Sub Size $1000
Min Add Sub $100
Redemptions 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 31 March 2020
class="America/Cayman" >

Portfolio

Investment Exposure

As of 31 March 2020

Top Holdings

As of 31 March 2020
Cable Bahamas Pref Shares 6.25% 19.00%
Be Aliv Fixed Rate Notes 8.5% 9.00%
Cable Bahamas Pref Shares 5.75% 7.00%
Caribco Ltd Class D Pref Shares 6.25% 6.00%
FBB Series F Notes P 1.25% 30 May 2022 5.00%

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

Prime Income Fund Downloads

High Yield Income Fund

Invest in a global and regional fixed income securities.The Royal Fidelity High Yield Income Fund is an open-ended mutual fund that inves...

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 Royal Fidelity International Equities Sub Fund is an open-end...

Alternative Strategies Fund

Invests in the Royal Fidelity International Hedge Strategies Fund, a USD fund that maintains exposure to a portfolio of established insti...

Prime Income PLUS Fund

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

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