Cadiz Money Market Fund
The fund aims to deliver high levels of income in excess of returns available through fixed term deposits and call accounts offered banks, while providing investors with capital protection and the stability of monthly returns and liquidity.
WHO THE FUND MAY BE SUITABLE FOR
- Investors seeking a low risk fund to diversify their portfolio.
- Those wishing to “park” their savings for a short period of time as an alternative to a bank deposit.
- Those seeking capital protection but not capital growth.
- Investors who have a one month or longer investment time horizon. Ideally the fund is not suited for lengthy investment terms as it has no exposure to growth assets.
Alexander Forbes Short Term Fixed Interest Index (SteFI)
MAXIMUM EXPOSURE TO GROWTH ASSETS (EQUITY EXPOSURE)
Short to medium term
Money market instruments
Wednesday, March 01, 2006
ASISA CLASSIFICATION (WHERE RELEVANT)
South African – Interest Bearing – Money Market
INCOME DISTRIBUTION / PAYMENT
Lump sum: R20 000
Monthly: R1 000
Ad hoc: R500
South African rand
MAXIMUM ADVISER INITIAL FEE
0.57% (including VAT)
ANNUAL MANAGEMENT FEE
0.29% (including VAT)
MAXIMUM ADVISER ONGOING FEE
TOTAL EXPENSE RATIO (TER)
0.30% (inclusive VAT)
Total Expense Ratio (TER) is a measure of the costs incurred within the fund. It is not an additional fee.