Cadiz Absolute Yield Fund
The fund aims to provide investors with a return of 3% in excess of inflation (CPI) over a rolling 3 years and a positive return over any rolling 12 month period. The fund is expected to deliver more consistent returns than an income fund and reduce the volatility inherent in the bond market. Great care is applied to protect the fund against incurring losses.
WHO THE FUND MAY BE SUITABLE FOR
- Investors seeking a cash alternative to a bank deposit.
- Retirees who seek a managed exposure to income generating investments.
- Those seek active management within the fixed interest universe.
- Investors who have at least an 18 month or longer investment horizon.
Income & Growth
CPI +3% pa net of fees over rolling 3 years. No negative returns over rolling 12 months.
MAXIMUM EXPOSURE TO GROWTH ASSETS (EQUITY EXPOSURE)
Maximum of 20% in property and preference shares
Property shares, preference shares, money market instruments, cash and bonds.
Wednesday, March 01, 2006
ASISA CLASSIFICATION (WHERE RELEVANT)
South African – Multi Asset Income
INCOME DISTRIBUTION / PAYMENT
Bi-annual (30 June, 30 December)
Lump sum: R5 000
Ad hoc: R500
South African rand
MAXIMUM ADVISER INITIAL FEE
3.42% (including VAT)
ANNUAL MANAGEMENT FEE
0.91% (including VAT)
MAXIMUM ADVISER ONGOING FEE
1.14% (including VAT)
TOTAL EXPENSE RATIO (TER)
Total Expense Ratio (TER) is a measure of the costs incurred within the fund. It is not an additional fee.