Cadiz BCI Bond Fund
The fund aims to generate returns above the FTSE JSE All Bond Index (ALBI) over time, utilizing active bond management combined with strategies which aim to reduce risk.
Who the fund may be suited for
Investors seeking exposure to the bond market without having to purchase individual bonds.
Investors seeking diversification from other asset classes in a low to moderate risk vehicle.
Investors that require exposure to an interest-bearing asset class with high liquidity.
Investors who have a medium to long investment horizon.
Fund information
INVESTOR NEED
Investors that require exposure to an interest-bearing asset class with high liquidity.
BENCHMARK
FTSE JSE All Bond TR Index (ALBI)
INVESTMENT VEHICLE
Unit trust
WHAT DOES THE FUND INVEST IN?
The fund can invest in a combination of assets in liquid form, and a combination of bonds and interest-bearing securities, including loan stock, debentures, debenture bonds, money markets instruments, corporate debt and non-equity securities. The fund may also invest in participatory interests or any other form of participation in funds of collective investment schemes or other similar collective investment schemes. The fund may from time to time invest in listed and unlisted financial instruments. The manager may include forward currency swaps, interest rate and exchange rate swap transactions.
RISK RATING
Low to Moderate
TIME HORIZON
12-months or longer
ASSET CLASS(ES)
Cash, Money Market instruments, Bonds and Interest Bearing Securities
Investors that require exposure to an interest-bearing asset class with high liquidity.
BENCHMARK
FTSE JSE All Bond TR Index (ALBI)
INVESTMENT VEHICLE
Unit trust
WHAT DOES THE FUND INVEST IN?
The fund can invest in a combination of assets in liquid form, and a combination of bonds and interest-bearing securities, including loan stock, debentures, debenture bonds, money markets instruments, corporate debt and non-equity securities. The fund may also invest in participatory interests or any other form of participation in funds of collective investment schemes or other similar collective investment schemes. The fund may from time to time invest in listed and unlisted financial instruments. The manager may include forward currency swaps, interest rate and exchange rate swap transactions.
RISK RATING
Low to Moderate
TIME HORIZON
12-months or longer
ASSET CLASS(ES)
Cash, Money Market instruments, Bonds and Interest Bearing Securities
LAUNCH DATE
7 March 2014
ASISA CLASSIFICATION (WHERE RELEVANT)
SA – Interest Bearing – Variable Term
INCOME DISTRIBUTION / PAYMENT
Quarterly: (31 March/30 June/30 September/31 December)
REGULATION 28
Yes
CURRENCY AVAILABILITY
South African Rand
PORTFOLIO MANAGERS
Cadiz Asset Management (PTY) Ltd.
STATUS
Open
LIQUIDITY
Daily
7 March 2014
ASISA CLASSIFICATION (WHERE RELEVANT)
SA – Interest Bearing – Variable Term
INCOME DISTRIBUTION / PAYMENT
Quarterly: (31 March/30 June/30 September/31 December)
REGULATION 28
Yes
CURRENCY AVAILABILITY
South African Rand
PORTFOLIO MANAGERS
Cadiz Asset Management (PTY) Ltd.
STATUS
Open
LIQUIDITY
Daily
Cadiz Initial Fee
NIL
Cadiz Annual Management Fee (Class A)
0.80% (excluding VAT)
Cadiz Performance Fee
NIL
Advisor Maximum Initial Fee
3.00% (excluding VAT)
Advisor Maximum Ongoing Fee
1.00% (excluding VAT)
Total Expense Ratio (TER)
See Fund Fact Sheet
NIL
Cadiz Annual Management Fee (Class A)
0.80% (excluding VAT)
Cadiz Performance Fee
NIL
Advisor Maximum Initial Fee
3.00% (excluding VAT)
Advisor Maximum Ongoing Fee
1.00% (excluding VAT)
Total Expense Ratio (TER)
See Fund Fact Sheet