Cadiz Money Market Fund
MANAGEMENT Fund Manager's Comment
Sidney McKinnon
After completing his BSc degree at UCT, Sidney's introduction into the financial markets was whilst working in the IT department of Southern Life. His progression to their asset management arm as a Fixed Interest Analyst was noted, and when the opportunity arose he joined Kimon Boyiatjis and his team at Syfrets as a Quantitative Fixed Interest Analyst. His responsibilities included fundamental analysis, credit analysis, inflation linked securities and securitised assets. In 2001, together with Kimon, he Joined Abvest Associates as a fixed interest analyst and fund manager. Sidney was instrumental in the design, testing, launch and management of the ABSA Inflation Beater Unit Trust Fund. At Trident, Sidney's responsibilities include management and analysis of fixed income and real return portfolios.
Alastair Sellick, BBusSci (Actuarial)
Over 15 years experience. Worked at Sanlam, Futuregrowth, Decillion, PSG Asset Management and South Easter Fund Management.
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
SizeR1,113,430,984
Sector Rank: 4 out of 31
(lump sum over 3 years to 30 June 2015)
Overall Rank: 185 out of 1038
(lump sum over 3 years to 31 July 2019)
R1000 invested on 31 July 2016 was worth R 1256 at 31 July 2019
( 7.89% annual compound return)
R100 per month since 31 July 2016 was worth R 4053 at 31 July 2019
( 7.57% annual return compounded monthly)
TECHNICAL OVERVIEW
Formation Date:01 MAR 2006 Holdings:34
Original Price:0 Pricing:Forward
Top Holdings on 31 July 2019
Share (Sector)No.Value% of Fund
ABK10 (Bond)36,485,71837,303,356 3.35 %
CASH (Cash on call)0116,314,719 10.45 %
MM-02MONTH (Money Market)0213,027,194 19.13 %
TOTAL R366,645,26932.93%

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