Cadiz BCI Enhanced Income Fund
The fund aims to provide investors with a high level of sustainable income, stability of capital invested and consistent outperformance of the benchmark over time. The fund is expected to deliver returns more than that provided by money market funds whilst ensuring low variability of returns.
Who the fund may be suited for
Investors seeking returns in excess of money market funds
Investors seeking low variability of returns
Investors seeking high liquidity of their investment
Investors who have a 12 month or longer time horizon.
Fund information
INVESTOR NEED
Income, low variability of returns in excess of that provided by money market funds
BENCHMARK
SteFI Call Deposit + 1% p.a
INVESTMENT VEHICLE
Unit trust
WHAT DOES THE FUND INVEST IN?
The fund can invest in a combination of assets in liquid form, interest bearing securities, money market instruments, bonds, debentures, convertible securities, cash deposits, corporate debt, listed property, preference shares, non-equity securities, equity securities and any other securities which are considered to be consistent with the portfolio’s primary objective and the Act or the Registrar may allow from time to time. The portfolio‘s equity exposure, if any, will not exceed 10% of its net asset value and the portfolio may invest offshore. The following intended maximum limits also apply:
RISK RATING
Low
TIME HORIZON
12 months or longer
ASSET CLASS(ES)
Cash, Money Market instruments, Bonds, Property shares, Shares and Preference shares.
Income, low variability of returns in excess of that provided by money market funds
BENCHMARK
SteFI Call Deposit + 1% p.a
INVESTMENT VEHICLE
Unit trust
WHAT DOES THE FUND INVEST IN?
The fund can invest in a combination of assets in liquid form, interest bearing securities, money market instruments, bonds, debentures, convertible securities, cash deposits, corporate debt, listed property, preference shares, non-equity securities, equity securities and any other securities which are considered to be consistent with the portfolio’s primary objective and the Act or the Registrar may allow from time to time. The portfolio‘s equity exposure, if any, will not exceed 10% of its net asset value and the portfolio may invest offshore. The following intended maximum limits also apply:
- Listed property: up to 10%
- International assets: up to 10%
- Preference shares: up to 10%
RISK RATING
Low
TIME HORIZON
12 months or longer
ASSET CLASS(ES)
Cash, Money Market instruments, Bonds, Property shares, Shares and Preference shares.
LAUNCH DATE
1 October 2014
ASISA CLASSIFICATION
ASISA SA Multi Asset Income
INCOME DISTRIBUTION / PAYMENT
Quarterly (31 March, 30 June, 30 September, 31 December)
REGULATION 28
Yes
CURRENCY AVAILABILITY
South African rand
PORTFOLIO MANAGERS
Sidney McKinnon
Hope Sono
STATUS
Open
LIQUIDITY
Daily
1 October 2014
ASISA CLASSIFICATION
ASISA SA Multi Asset Income
INCOME DISTRIBUTION / PAYMENT
Quarterly (31 March, 30 June, 30 September, 31 December)
REGULATION 28
Yes
CURRENCY AVAILABILITY
South African rand
PORTFOLIO MANAGERS
Sidney McKinnon
Hope Sono
STATUS
Open
LIQUIDITY
Daily
Cadiz Initial Fee
NIL
Cadiz Annual Management Fee (Class C)
0.50% (excluding VAT)
Cadiz Performance Fee
NIL
Advisor Maximum Initial Fee
3.00% (excluding VAT)
Advisor Maximum Ongoing Fee
1.00% (excluding VAT)
Total Expense Ratio (TER)
See Fund Fact Sheet
NIL
Cadiz Annual Management Fee (Class C)
0.50% (excluding VAT)
Cadiz Performance Fee
NIL
Advisor Maximum Initial Fee
3.00% (excluding VAT)
Advisor Maximum Ongoing Fee
1.00% (excluding VAT)
Total Expense Ratio (TER)
See Fund Fact Sheet