Cadiz Equity Fund
The Cadiz Equity Fund seeks long-term capital growth with a low risk of permanent capital loss by investing in a diversified portfolio of domestic and foreign shares, which are undervalued relative to their replacement cost or sustainable earnings power.
Who the fund may be suitable for
Investors who wish to maximise potential returns.
Those seeking wealth accumulation via exposure to equity markets.
Those who have a high risk profile and are comfortable with market fluctuations to achieve long-term capital growth.
Investors who have at least a five-year or longer investment horizon.
WHAT DOES THE FUND INVEST IN?
The fund invests in equities that trade below their intrinsic market value. The fund can hold up to 30% in foreign assets and 10% in Africa (excl. SA), with the highest balance in domestic equities listed in South Africa.
The fund sits at the top end of the risk/return spectrum and can also invest in property related securities.
The portfolio’s minimum exposure to equities will be 80% of its net asset value at all times.
Five-years or longer
Equities and cash
1 March 2006
ASISA CLASSIFICATION (WHERE RELEVANT)
ASISA SA Equity General
INCOME DISTRIBUTION / PAYMENT
Bi-annual (30 June, 31 December)
Lump sum: R5 000
Ad hoc: R500
South African rand
Cadiz Annual Management Fee
1.25% (excluding VAT)
Cadiz Performance Fee
Adviser Maximum Initial Fee
3.00% (excluding VAT)
Adviser Maximum Ongoing Fee
1.00% (excluding VAT)
Total Expense Ratio (TER)
See Fund Fact Sheet