Cadiz Money Market Fund
MANAGEMENT Fund Manager's Comment
Alastair Sellick
Michele van der Berg

FUND OBJECTIVE 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. The fund's weighted average duration may not exceed 90 days and its weighted average legal maturity (life) may not exceed 120 days. While capital losses are unlikely, they can occur if, for example, one of the issuers of the assets underlying the fund defaults. In this event, losses will be borne by the fund and its investors. INVESTMENT PROCESS A disciplined process is followed to arrive at the optimum area of the money market yield curve we wish to invest in. The fund's returns are further enhanced by the inclusion of selected, highly rated, corporate paper.

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SectorSouth African-Interest Bearing-Money Market
Sector Rank: 1 out of 27
(lump sum over 3 years to 31 July 2017)
Overall Rank: 243 out of 818
(lump sum over 3 years to 31 July 2017)
R1000 invested on 31 July 2014 was worth R 1235 at 31 July 2017
( 7.30% annual compound return)
R100 per month since 31 July 2014 was worth R 4041 at 31 July 2017
( 7.39% annual return compounded monthly)
Formation Date:01 MAR 2006 Holdings:34
Original Price:0 Pricing:Forward
Top Holdings on 31 July 2017
Share (Sector)No.Value% of Fund
BEER02 (Bond)29,000,00029,469,224 3.31 %
CASH (Cash on call)0-4,139,639 -0.47 %
MM-03MONTH (Money Market)0172,475,167 19.39 %
TOTAL R197,804,75222.23%

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