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0.01  /  0.01%

100.71

NAV on 2021/04/13
NAV on 2021/04/12 100.7
52 week high on 2020/06/29 102.24
52 week low on 2020/07/01 99.84
Total Expense Ratio on 2020/12/31 0.62
Total Expense Ratio (performance fee) on 2020/12/31 0
NAV
Incl Dividends
1 month change -0.71% 0.49%
3 month change 0.08% 1.28%
6 month change 0.23% 2.7%
1 year change -0.78% 5.56%
5 year change -0.07% 7.5%
10 year change 0% 0%
Price data is updated once a day.
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  • Sectoral allocations
Additional 2.15 0.17%
Derivatives 0.55 0.04%
Fixed Interest 76.90 6.04%
General Equity 3.25 0.26%
Liquid Assets 51.49 4.04%
Money Market 123.44 9.69%
SA Bonds 1004.81 78.91%
Specialist Securities 10.83 0.85%
  • Top five holdings
U-AHMM 42.49 3.34%
MM-03MONTH 34.34 2.7%
U-NICORMM 34.11 2.68%
MM-02MONTH 30.75 2.41%
MM-01MONTH 19.99 1.57%
  • Performance against peers
  • Fund data  
Management company:
Boutique Collective Investments (RF) (Pty) Ltd.
Formation date:
2013/11/12
ISIN code:
ZAE000196390
Short name:
U-WARENHI
Risk:
Unknown
Sector:
South African--Multi Asset--Income
Benchmark:
STeFi (Call Deposit Index) plus 1% p.a. over a 1 year rolling period (net of fees)
Email
clientservices@bcis.co.za

Website
http://www.bcis.co.za

Telephone
021-007-1500

  • Fund management  
Nolan Wapenaar
Nolan read for his MCom degree from the University of the Witwatersrand and is a CA(SA). He gained fixed income experience during his seven years at Rand Merchant Bank and six years at Deutsche Bank. After the great financial crises, he was appointed to head the Deutsche Bank European Structured Credit Finance trading desk with assets under management in excess of $3 billion. Following the orderly restructuring and exit of these problem assets, he was appointed to the New York offices where he provided risk reduction solutions to clients. He was successful in managing the fixed income portfolios at Efficient Select, with the fund being a regular feature of the top quartile of performers on most meaningful time periods.
Cadiz Funds


  • Fund manager's comment
No fund manager's comment available.
  • Fund focus and objective  
The Cadiz BCI Enhanced Income Fund is an enhanced income portfolio with an objective to achieve a high level of sustainable income and stability of capital invested. In order to achieve its objective, the investments normally to be included in the portfolio may comprise a combination of assets in liquid form, interest bearing securities, money market instruments, bonds, debentures, convertible securities, cash deposits, corporate debt, listed property, preference shares, non-equity securities, equity securities and any other securities which are considered to be consistent with the portfolio's primary objective and the Act or the Registrar my allow from time to time, all to be acquired at fair market value.
The portfolio‘s equity exposure, if any, will not exceed 10% of its net asset value and the portfolio may invest offshore. The portfolio will be managed in compliance with prudential investment guidelines for retirement funds in South Africa to the extent allowed by the Act. The portfolio may from time to time invest in listed and unlisted financial instruments, in accordance with the provisions of the Act, and the Regulations thereto, as amended from time to time, in order to achieve the portfolio's investment objective. The manager may only include the following unlisted financial instruments: forward currency, interest rate and exchange rate swap transactions for efficient portfolio management purposes.
The portfolio may also include participatory interests or any other form of participation in portfolios of collective investment schemes or other similar schemes in the Republic of South Africa. Where the aforementioned schemes are operating in territories other than South Africa, participatory interests or any other form of participation in these schemes will be included in the portfolio only where the regulatory environment is to the satisfaction of the manager and trustee as being of a sufficient standard to provide investor protection at least equivalent to that in South Africa and which is consistent with the portfolio's primary objective.
The trustee shall ensure that the investment policy, as set out above, is adhered to, provided that nothing contained in the investment policy shall preclude the manager from varying the proportions of the aforementioned securities and assets in liquid form, or the assets themselves, should changing economic factors or market conditions so demand. For the purpose of this portfolio, the manager shall reserve the right to close the portfolio to new investors on a date determined by the manager. This will be done in order to be able to manage the portfolio in accordance with its mandate. The manager may, once a portfolio has been closed, open that portfolio again to new investors on a date determined by the manager.
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