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.
Income, low variability of returns in excess of that provided by money market funds
Alexander Forbes Short Term Fixed Interest Call Deposit Index STeFI Call +1%
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:
12-months or longer
Cash, Money Market instruments, Bonds, Property shares, Shares and Preference shares.
1 October 2014
ASISA CLASSIFICATION (WHERE RELEVANT)
ASISA SA Multi Asset Income
INCOME DISTRIBUTION / PAYMENT
Declaration: 28 Feb/31 May/31 Aug/30 Nov
Payment: 2nd day of Mar/Jun/Sep/Dec
Lump sum: None
South African rand
Cadiz Annual Management Fee
0.58% (including VAT)
Cadiz Performance Fee
Adviser Maximum Initial Fee
Adviser Maximum Ongoing Fee
0 -.15% (if applicable)
Total Expense Ratio (TER)