INVESTMENT UPDATE

November 2016

For the month of November 2016 Cadence Capital Limited returned a positive gross performance of 0.8% compared to an increase in the All Ordinaries Accumulation Index of 2.5%. For the first five months of this financial year, Cadence Capital Limited has returned a positive gross performance of 7.2% outperforming the All Ordinaries Accumulation Index by 1.7%.

As at the 30th November 2016 the fund was holding 27% cash (73% invested).

Fund NTA

 NTA November

* After the 4.0 cent fully franked final Dividend paid on the 27th October 2016

Fund Performance

Performance Nov

* 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

 SP Plus Options

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

Fully Franked Dividends Declared Since Listing

Dividends Table

* Off market equal access buy back

Historic Portfolio Exposure

 Historic Portfolio Exposure

Portfolio Sector Analysis

Portfolio Sectors

Top Portfolio Positions

Top Portfolio Positions

Recent News Articles

The Cadence Capital Limited 2016 AGM and Investor Briefing was held on Friday, 25 November 2016. Karl Siegling and Chris Garrard, Portfolio Managers of Cadence Capital Limited, give an update on the Company’s performance, discuss some of the Company’s stock holdings and discuss the outlook for 2017. Click here to watch the AGM & Investor Briefing webcast.

We also recently released our Quarterly Webcast in which details fund performance and outlook.

Please also find on our website a recently added book review, Buffett – The Making of an American Capitalist by Roger Lowenstein.

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