Cadiz Mastermind Fund
The fund seeks long-term capital growth with a low risk of permanent capital loss by investing in a diversified portfolio of domestic and foreign shares, which are undervalued relative to their replacement cost or sustainable earnings power.
WHO THE FUND MAY BE SUITABLE FOR
- Investors who wish to maximize potential returns.
- Those who are in their wealth accumulation phase seeing exposure to equity markets.
- Investors who have at least a 5 year or longer investment horizon.
MAXIMUM EXPOSURE TO GROWTH ASSETS (EQUITY EXPOSURE)
South African equities and cash
Wednesday, March 01, 2006
ASISA CLASSIFICATION (WHERE RELEVANT)
South African – Equity – General
INCOME DISTRIBUTION / PAYMENT
Bi-annual (30 June, 31 December)
Lump sum: R5 000
Ad hoc: R500
South African rand
MAXIMUM ADVISER INITIAL FEE
3.42% (including VAT)
ANNUAL MANAGEMENT FEE
1.43% (including VAT)
MAXIMUM ADVISER ONGOING FEE
1.14% (including VAT)
15% of outperformance of SWIX fee – net of fees, capped at 2% (including VAT)
TOTAL EXPENSE RATIO (TER)
1.83% (inclusive VAT)
Total Expense Ratio (TER) is a measure of the costs incurred within the fund. It is not an additional fee.