Capita BCI Real Income Fund (A) - CBRIA fund information

The Cadiz BCI Bond Fund aims to generate returns above the FTSE JSE All Bond index (“ALBI”) over time, utilizing active bond management combined with strategies which aim to reduce risk. The portfolio invests predominantly in the domestic bonds. The portfolio is managed in compliance with prudential investment guidelines for retirement funds in South Africa to the extent allowed for by the Act.
In order to achieve its objective, the investments normally to be included in the portfolio will comprise a combination of assets in liquid form and a combination of bonds and interest-bearing securities, including loan stock, debentures, debenture bonds, money markets instruments, notes corporate debt and non-equity securities. The portfolio may also invest in participatory interest or any other form of participation in portfolios of collective investment schemes or other similar collective investment schemes as the act may allow from time to time, and which are consistent with the portfolios investment policy. Where the aforementioned schemes are operated 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.
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 portfolios investment objective. The manager may also include forward currency, interest rate and exchange rate swap transactions for efficient portfolio management purposes. The trustees shall ensure that the investment policy set out in the supplemental deed is carried out. 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.