Cadiz Mastermind B

Aims to provide a high level of dividend income over the short term & maximum capital growth over the medium to long term. It seeks out companies that trade significantly below their intrinsic market value (‘deep value’ opportunities). The objectives are long term in nature, with bottom-up stock selection driving performance & income levels. Invests in value opportunities in the SA equity market. Investment approach focuses on identifying companies that are priced significantly below intrinsic value & which generate strong dividend flow. The main driver of out-performance is an in-depth fundamental research process aimed at a thorough understanding of the business model of a company in order to assess its true intrinsic value. High dividend yield opportunities allow the fund to produce a higher than normal income stream. Investment risk is managed through a combination of diversification within the portfolio, & a thorough business risk assessment of each share the fund holds.

Key stats

Management firm  Cadiz Collective Investments
Domicile  South Africa
Global Branding Name  Cadiz Collective Investments
12 month yield  2.02%
Fund currency  ZAR
Net Assets Date  2014-11-30
Net Assets  R69,661,824
Launch Date  2012-10-01
ISIN  ZAE000171237
Manager 1 Name  Kurt Benn
Fund Strategy  South Africa & Namibia Equity
Benchmark  FTSE/JSE All Share SWIX TR ZAR
Fund Structure  Unit Trust
UCITS 3 compliant  no

Performance/Volatility

Return Date  2014-11-30
Return - 1 Month  1.76%
Return - 2 Months  0.19 %
Return - 3 Months  -4.31%
Return - 6 Months  -5.94 %
Return - 9 months  -2.75 %
Return - 12 Months  2.37%
Annualized return 24 months  8.59 %
Annualized return 36 months  0.00 %
Annualized return 48 months  0.00 %
Annualized return 60 months  0.00 %
Return 120 months  0.00 %
Annualized return since Inception  10.06%
Return YTD  -1.43%

Charges

Initial  0.00 %
Maximum Managment Charge  0.97 %
Exit charge  0.00 %
Performance Fee  0.00 %

Contact

Contact Address  4th Floor, Clairmont Terraces, 25 Protea Road
Contact Address 2  Clairmont, 7708
Contact Address 3  PO Box 44547, Claremont
Contact city  Cape Town
Contact country  South Africa
Fund Admin Group  Cadiz Collective Investments
Web Address  www.cadiz.co.za
Email contact  info@cadiz.co.za
Phone  +27 (0)21 670 4658

Price

Last Price Date  2014-12-19
Pre-tax nav  2.02
Pre-tax offer  0.00
Pre-tax bid  0.00
Pre-tax mid  0.00
Post-tax nav  0.00
Post-tax offer  0.00
Post-tax bid  0.00
Price change  R0.01
Price change (percentage)  0.63 %
Guaranteed NAV  0.00000
Close Price  0.00

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Ratings Disclaimer

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