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
Alexander Forbes Short Term Fixed Interest Call Deposit Index STeFI Call +1%

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 (WHERE RELEVANT)
    ASISA SA Multi Asset Income

    INCOME DISTRIBUTION / PAYMENT
    Quarterly: (28 February, 31 May, 31 August, 30 November)

    REGULATION 28
    Yes

    CURRENCY AVAILABILITY
    South African rand

    PORTFOLIO MANAGERS
    Alastair Sellick
    Sidney McKinnon

    STATUS
    Open

    LIQUIDITY
    Daily

    Cadiz Initial Fee
    NIL

    Cadiz Annual Management Fee
    0.50% (excluding VAT)

    Cadiz Performance Fee
    NIL

    Adviser Maximum Initial Fee
    3.00% (excluding VAT)

    Adviser Maximum Ongoing Fee
    1.00% (excluding VAT)

    Total Expense Ratio (TER)
    See Fund Fact Sheet