May 2020
May 2020

Cadence Capital Limited returned a positive gross performance of 9.3% during the month of May 2020 outperforming the All Ordinaries Accumulation Index by 4.3%. Financial year-to-date Cadence Capital Limited is down 5.1% compared to the All Ordinaries Accumulation Index which is down 9.3%.

For the month of May, the largest contributors to performance were Resimac Group, Zip Co, Pointsbet Holdings, City Chic Collective, Qube Holdings, Lynas Corp, Appen and Credit Corp Group. The largest detractor from performance was Genworth Financial US. At the 31 May 2020 the Company was 91.5% invested.

On the 13 May 2020 the Company paid its 2.0 cents fully franked interim dividend. This interim dividend equated to a 7.4% annual fully franked yield, or a 10.5% gross yield (grossed up for franking credits) based on the CDM share price of $0.54 on the date that the dividend was paid.

SAVE THE DATE: Cadence Capital Limited will be holding an online Investor Presentation on Friday 26th June at 11.00am (AEST). Registration details for this event will be sent out over the coming week.

Fund NTA

Fund Performance

* Gross Performance: before Management and Performance Fees

Fully Franked Dividends Declared Since Listing

* Off market equal access buy back

Historic Portfolio Exposure

Portfolio Sector Analysis


Top 20 Portfolio Positions

Portfolio Market Capitalisation Analysis

Recent News

On the 23rd March the Company released its March 2020 Quarterly Audiocast. In this Audiocast, Karl Siegling provided an update on recent market movements, the Company’s performance, exposure levels and its cash holdings. He then discussed the upcoming dividend and the CDM’s discount to NTA. He closed by discussing the current outlook for the market and the Company.

We encourage you to visit our 52 books you should read before buying your next stock page on our website. We have compiled a list of books/ documentaries that have influenced our investment style or helped provide insight into the Cadence investment process. To view all previous Cadence webcasts and press articles, please visit the Media Section of the website.

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10 Books To Read Before Buying Your Next Stock

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.

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