Cadiz Balanced Fund (formerly known as the Cadiz Managed Flexible Fund)
Following on from the ASISA classification system, which was revised in 2013, the most used and acceptable naming conventions for funds in the South African Multi Asset categories are either ‘Balanced’ or ‘Managed’. The name ‘Managed Flexible’ caused some confusion as the fund was mistaken for being in the Multi Asset Flexible grouping. We have therefore decided that by renaming the Managed Flexible Fund the Balanced Fund, it makes it easier to understand the investment objective of seeking capital and income appreciation over the medium-to-long term by investing in securities across a broad spectrum with a risk profile that shows a balanced intent. The fund is Regulation 28 compliant and suitable for retirement funds.
The current mandate and performance history remains intact.
WHO THE FUND MAY BE SUITABLE FOR
- Investors who wish to save for their retirement.
- Those who wish to delegate the complex asset-allocation decisions to an experienced investment team.
- Those who have a moderate risk profile and are comfortable with market fluctuations to achieve long-term capital growth.
- Investors who have a three-year or longer investment horizon.
Income and growth
Domestic – Asset Allocation – Prudential Variable Equity Sector average
MAXIMUM EXPOSURE TO GROWTH ASSETS (EQUITY EXPOSURE)
75% equities, 25% property
Medium to long term
South African equities, bonds and money market instruments
Wednesday, March 01, 2006
ASISA CLASSIFICATION (WHERE RELEVANT)
South African – Multi Asset High Equity
INCOME DISTRIBUTION / PAYMENT
Bi-annual (30 June, 31 December)
Lump sum: R5 000
Ad hoc: R500
South African rand
Matt Brenzel & Brian Munro
MAXIMUM ADVISER INITIAL FEE
3.42% (including VAT)
ANNUAL MANAGEMENT FEE
1.43% (including VAT)
MAXIMUM ADVISER ONGOING FEE
1.14% (including VAT)
TOTAL EXPENSE RATIO (TER)
1.76% (inclusive VAT)
Total Expense Ratio (TER) is a measure of the costs incurred within the fund. It is not an additional fee.