INVESTMENT UPDATE

May 2016

For the month of May 2016 Cadence Capital Limited returned a positive gross performance of 4.11% compared to an increase in the All Ordinaries Accumulation Index of 3.09%. Over the past 12 months Cadence Capital Limited has returned a negative gross performance of 8.82% compared to a decrease in the All Ordinaries Accumulation Index of 1.25%.

During the month of May 2016, Cadence Capital Limited paid out a 5.0 cent fully franked interim dividend. Cadence Capital Limited shareholders were able to participate in the Dividend Re-Investment Plan (“DRP”) at a 3% discount. The DRP price was $1.23317.

As at the 31st May 2016 the fund was holding 20% cash (80% invested).

Fund NTA

* The NTA’s and Share price are post the 5.0c fully franked interim dividend

Fund Performance

CDM Fund Performance

* Before Management and Performance Fees

**These numbers include the franking value of the substantial dividend from its RHG holding received in May 2011.

CDM Share Price and Option Returns plus Dividends & Franking

CDM Share Options Returns Chart

* CDM 1 year figures reflect the share price move from a premium to a discount to NTA

Fully Franked Dividends Declared Since Listing

CDM Fully Franked Dividends Declared Since Listing

* Off market equal access buy back

Historic Portfolio Exposure

Cadence Portfolio Exposure

Portfolio Sector Analysis

 Portfolio Sector Analysis

Top Portfolio Positions

top portfolio positions

Recent News Articles

Karl Siegling’s latest article, “Commodities: Has the trend changed?”, was published in the 157th edition of the Cuffelinks newsletter. The article explains the cyclical nature of commodities, and gives an overview of how we deal with this at Cadence.

Watch our latest quarterly webcast for an update of the fund’s performance, information about the Company’s 5.0 cent interim dividend and an update on the Company’s outlook. In addition, Karl Siegling shares his views on Macquarie Bank (MQG).

You can read our latest book reviews, including Hot Commodities by Jim Rogers, in the 52 Books You Should Read Before Buying Your Next Stock section.

To view all previous Cadence webcasts and press articles, please visit the Media Section of our Website. 

10 Books To Read Before Buying Your Next Stock

Funds management involves a lot of synthesis of information and reading. Over the years we all end up reading many investment books and refer to them from time to time.

The team at Cadence has compiled a list of books that have influenced our investment style, or helped provide insight into the investment process.

Whilst not an exhaustive list, the 10 titles contained in this eBook provide a good starting point for any interested investor.