The ALFM Dollar Bond Fund was originally organized under the name Far East Fund, Inc. on October 23, 1993, and was created to engage primarily in the business of investing, reinvesting, and trading of securities, and to operate as an open-end investment company. The Fund commenced operations on May 10, 1999. The SEC approved the change in name to Far East Dollar Bond Fund on Dec. 12, 2001 and to ALFM Dollar Bond Fund on Jan. 21, 2004.

The ALFM Dollar Bond Fund’s investment objective is capital preservation with a steady stream of income, through investments in a diversified portfolio of foreign currency denominated fixed income instruments issued by foreign and local entities, such as but not limited to, US dollar-denominated government securities, corporate notes and bonds, and fixed income funds. The Fund aims to outperform its composite benchmark, 50% 3-month U.S. Treasury Bill and 50% JP Morgan Asia Credit Philippines Total Return Index. 

The ALFM Dollar Bond Fund is suitable to investors who are looking for consistently attractive returns for their US Dollar funds over the medium to long term.