Cadiz BCI Money Market Fund
A top-performing money market unit trust fund for all measurement periods since inception (Source: Morningstar).
The fund aims to deliver high levels of income in excess of returns available through fixed term deposits and call accounts offered by banks, while providing investors with capital protection and the stability of monthly returns and liquidity.
Who the fund may be suited for
Investors seeking a low-risk fund to diversify their portfolio.
Those wishing to 'park' money for a short period of time, as an alternative to a bank deposit.
Those seeking capital protection while maintaining liquidity of their investment.
Investors who have a short to medium investment time horizon.
Fund information
INVESTOR NEED
Income
BENCHMARK
Alexander Forbes Short Term Fixed Interest Index (SteFI)
INVESTMENT VEHICLE
Unit trust
WHAT DOES THE FUND INVEST IN?
The fund invests in a range of South African money market instruments. These assets include bankers' acceptances, debentures, negotiable certificates of deposit, treasury bills and call accounts. The fund may only invest in money market instruments with a residual maturity not exceeding 13 months, its weighted average duration not exceeding 90 days and its weighted average legal maturity (life) not exceeding 120 days. The Fund's returns are further enhanced by the inclusion of selected, highly rated, corporate paper.
RISK RATING
Low
TIME HORIZON
Short to medium term
ASSET CLASS(ES)
Money market instruments
Income
BENCHMARK
Alexander Forbes Short Term Fixed Interest Index (SteFI)
INVESTMENT VEHICLE
Unit trust
WHAT DOES THE FUND INVEST IN?
The fund invests in a range of South African money market instruments. These assets include bankers' acceptances, debentures, negotiable certificates of deposit, treasury bills and call accounts. The fund may only invest in money market instruments with a residual maturity not exceeding 13 months, its weighted average duration not exceeding 90 days and its weighted average legal maturity (life) not exceeding 120 days. The Fund's returns are further enhanced by the inclusion of selected, highly rated, corporate paper.
RISK RATING
Low
TIME HORIZON
Short to medium term
ASSET CLASS(ES)
Money market instruments
LAUNCH DATE
1 March 2006
ASISA CLASSIFICATION (WHERE RELEVANT)
ASISA SA Interest Bearing – Money Market
INCOME DISTRIBUTION / PAYMENT
Monthly
INVESTMENT MINIMUM
Lump sum: R20 000
Monthly: R1 000
Ad hoc: R500
REGULATION 28
Not applicable
CURRENCY AVAILABILITY
South African rand
PORTFOLIO MANAGERS
Sidney McKinnon
Hope Sono
STATUS
Open
LIQUIDITY
Daily
1 March 2006
ASISA CLASSIFICATION (WHERE RELEVANT)
ASISA SA Interest Bearing – Money Market
INCOME DISTRIBUTION / PAYMENT
Monthly
INVESTMENT MINIMUM
Lump sum: R20 000
Monthly: R1 000
Ad hoc: R500
REGULATION 28
Not applicable
CURRENCY AVAILABILITY
South African rand
PORTFOLIO MANAGERS
Sidney McKinnon
Hope Sono
STATUS
Open
LIQUIDITY
Daily
Cadiz Initial Fee
NIL
Cadiz Annual Management Fee (Class A)
0.25% (excluding VAT)
Cadiz Performance Fee
NIL
Advisor Maximum Initial Fee
0.50% (excluding VAT)
Advisor Maximum Ongoing Fee
NIL
Total Expense Ratio (TER)
See Fund Fact Sheet
NIL
Cadiz Annual Management Fee (Class A)
0.25% (excluding VAT)
Cadiz Performance Fee
NIL
Advisor Maximum Initial Fee
0.50% (excluding VAT)
Advisor Maximum Ongoing Fee
NIL
Total Expense Ratio (TER)
See Fund Fact Sheet