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.

Fund information

INVESTOR NEED
Income

BENCHMARK
Alexander Forbes Short Term Fixed Interest Index (SteFI)

INVESTMENT VEHICLE
Unit trust

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.

RISK RATING
Low

TIME HORIZON
Short to medium term

ASSET CLASS(ES)
Money market instruments

LAUNCH DATE
1 March 2006

ASISA CLASSIFICATION (WHERE RELEVANT)
ASISA SA Interest Bearing – Money Market

INCOME DISTRIBUTION / PAYMENT
Monthly

INVESTMENT MINIMUM
Lump sum: R20 000
Monthly: R1 000
Ad hoc: R500

REGULATION 28
Not applicable

CURRENCY AVAILABILITY
South African rand

PORTFOLIO MANAGERS
Alastair Sellick
Sidney McKinnon

STATUS
Open

LIQUIDITY
Daily

Cadiz Initial Fee
NIL

Cadiz Annual Management Fee
0.25% (excluding VAT)

Cadiz Performance Fee
NIL

Adviser Maximum Initial Fee
0.50% (excluding VAT)

Adviser Maximum Ongoing Fee
NIL

Total Expense Ratio (TER)
See Fund Fact Sheet