Cadiz Money Market Fund
MANAGEMENT Fund Manager's Comment
Alastair Sellick, BBusSci (Actuarial)
Over 15 years experience. Worked at Sanlam, Futuregrowth, Decillion, PSG Asset Management and South Easter Fund Management.
Michele van der Berg, RPE
Michele has worked at Cadiz for 16 years. She has completed her RPE.
FUND OBJECTIVES AND FOCUS

FUND OBJECTIVE 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. FUND INVESTS 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 maturity of less than one year and its average duration may not exceed 90 days, with its weighted average legal maturity (life) may not exceed 120 days. The Fund's returns are further enhanced by the inclusion of selected, highly rated, corporate paper INVESTOR PROFILE *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.


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WEBGRAPH
RANKING
SectorSouth African-Interest Bearing-Money Market
SizeR1,006,594,721
Sector Rank: 5 out of 29
(lump sum over 3 years to 30 June 2015)
Overall Rank: 192 out of 981
(lump sum over 3 years to 31 January 2019)
R1000 invested on 31 January 2016 was worth R 1255 at 31 January 2019
( 7.87% annual compound return)
R100 per month since 31 January 2016 was worth R 4054 at 31 January 2019
( 7.59% annual return compounded monthly)
TECHNICAL OVERVIEW
Formation Date:01 MAR 2006 Holdings:34
Original Price:0 Pricing:Forward
Top Holdings on 31 January 2019
Share (Sector)No.Value% of Fund
BC124 (Bond)40,000,00040,273,815 4.00 %
CASH (Cash on call)0130,140,737 12.93 %
MM-03MONTH (Money Market)0143,963,394 14.30 %
TOTAL R314,377,94631.23%

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