Effective Annual Cost
The EAC is there to help consumers understand all the costs involved in their purchase and make more informed decisions in line with the third outcome of the Treating Customers Fairly (TCF) framework.
|Fund (Class A)||NAV price (cents) as at 25 February 2020|
|Cadiz Stable Fund||115.06|
|Cadiz Absolute Yield Fund||106.31|
|Cadiz Balanced Fund||198.98|
|Cadiz Equity Fund||231.82|
|Cadiz Money Market Fund||100|
|Cadiz Worldwide Flexible Fund||200.43|
Cadiz focuses on managing investment risk. This is important as permanent capital loss is the enemy of compound growth. We believe that good businesses have the natural tendency to grow their value over time and protecting capital leaves a larger capital base to deliver good long term real returns.
Principles of Responsible Investing
Cadiz Asset Management is committed to the promotion and support of Responsible Investing in South Africa. We consider the inclusion and integration of Responsible Investing principles to be a strategic underpin in the way we manage our business, interact with our stakeholders, and manage our client mandates.
How to invest with Cadiz Asset Management?
To invest in any of the Cadiz Unit Trust Products is easy. Simply follow the steps below. If you aren’t sure which of our products is best suited to your needs, we suggest you seek independent financial advice.
Check that you have the necessary minimum investment. These are listed in the application form. You can access our expertise from as little as R500 a month.
Complete the application form and deposit your investment amount into our bank account.
Fax the completed application form, proof of deposit and required documents to:
+27 21 700 3687 or email to email@example.com.
Documents that we need from you
2. Proof of your home address: copy of a utility bill/rates and taxes or a Telkom account (not older than 3 months)
3. Proof of banking details: a cancelled cheque or a copy of a bank statement (not older than 3 months)
If you are investing on behalf of a company, trust or other legal entity, we need additional documents. Please refer to the application form for a list of these.
Cadiz South Easter Fixed Interest SNN QI Hedge Fund
The Cadiz South Easter Fixed Interest SNN QI Hedge Fund aims to produce a return equal to JIBAR + 5% on a rolling 3-year basis with less volatility than the All Bond Index.
The fund may invest in government bonds, corporate bonds, money market instruments, debentures and securitized debt and other debt instruments as well as derivative instruments, such as bond options, interest rate swaps and forward rate agreements (FRAs).
Who the fund may be suitable for
Investors with knowledge and experience in hedge funds seeking a moderate risk profile who have appointed a Financial Services Provider (FSP) with knowledge and experience regarding the risks and merits of a hedge fund investment.
Qualified investors seeking absolute and reliable returns, which are uncorrelated to the bond or equity markets.
Qualified investors with a minimum of R1,000,000.00 (One Million Rand) to invest per portfolio.
Qualified investors who have at least a five-year or longer investment horizon.
Consistent absolute and reliable returns
Hedge Fund regulated under CISCA
WHAT DOES THE FUND INVEST IN?
The fund may invest in government bonds, corporate bonds, money market instruments, debentures
and securitized debt and other debt instruments as well as derivative instruments, such as bond
options, interest rate swaps and forward rate agreements (FRAs).
Three to five years, or longer
1 November 2005
ASISA CLASSIFICATION (WHERE RELEVANT)
INCOME DISTRIBUTION / PAYMENT
Bi-annual (30 June and 31 December)
Lump sum: R1,000,000
Monthly: Not Applicable
South African rand
Three-month notice period to disinvest.
Cadiz Annual Management Fee
1.00% (excluding VAT)
Cadiz Performance Fee
A performance fee of 20% of the outperformance over 1 month JIBAR is charged (excluding VAT).
The performance fee is crystallized monthly.
The fee calculation employs a High Watermark ensuring no fee is accrued until previous
underperformance has been recouped.
Adviser Maximum Initial Fee
3.00% (excluding VAT)
Adviser Maximum Ongoing Fee
1.00% (excluding VAT)
Total Expense Ratio (TER)
See Fund Fact Sheet