Cadiz Money Market Fund
A top-performing money market unit trust fund for all measurement periods since inception (Source: Morningstar).
The fund aims to deliver high levels of income in excess of returns available through fixed term deposits and call accounts offered by banks, while providing investors with capital protection and the stability of monthly returns and liquidity.
Who the fund may be suited for
Investors seeking a low risk fund to diversify their portfolio.
Those wishing to 'park' money for a short period of time, as an alternative to a bank deposit.
Those seeking capital protection while maintaining liquidity of their investment.
Investors who have a short to medium investment time horizon.
Alexander Forbes Short Term Fixed Interest Index (SteFI)
WHAT DOES THE FUND INVEST IN?
The fund invests in a range of South African money market instruments. These assets include bankers' acceptances, debentures, negotiable certificates of deposit, treasury bills and call accounts. The fund may only invest in money market instruments with a residual maturity not exceeding 13 months, its weighted average duration not exceeding 90 days and its weighted average legal maturity (life) not exceeding 120 days. The Fund's returns are further enhanced by the inclusion of selected, highly rated, corporate paper.
Short to medium term
Money market instruments
1 March 2006
ASISA CLASSIFICATION (WHERE RELEVANT)
ASISA SA Interest Bearing – Money Market
INCOME DISTRIBUTION / PAYMENT
Lump sum: R20 000
Monthly: R1 000
Ad hoc: R500
South African rand
Cadiz Annual Management Fee
0.25% (excluding VAT)
Cadiz Performance Fee
Adviser Maximum Initial Fee
0.50% (excluding VAT)
Adviser Maximum Ongoing Fee
Total Expense Ratio (TER)
See Fund Fact Sheet